SDF(SH:605006)2025-10-30 09:55Financial Performance - The company's operating revenue for the third quarter reached ¥644,939,296.85, an increase of 36.57% compared to the same period last year[4] - The total profit for the third quarter was a loss of ¥13,574,034.13, representing a decrease of 40.50% year-on-year[4] - The net profit attributable to shareholders was a loss of ¥8,941,428.91, which is a 32.98% increase in loss compared to the previous year[4] - Basic earnings per share for the third quarter were -¥0.01, an increase in loss of 50.00% compared to the same period last year[5] - The company's net profit margin for the year-to-date period showed a significant increase of 109.33% compared to the previous year[4] - Operating profit for the first three quarters of 2025 was ¥8,071,751.78, a significant recovery from a loss of ¥124,146,742.24 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was -¥213,760.71, compared to a net loss of -¥110,649,498.02 in 2024, indicating an improvement in financial performance[21] - The net profit for the first three quarters of 2025 was a loss of ¥68,699,907.05, compared to a loss of ¥73,354,113.52 in the same period of 2024, indicating an improvement in performance[30] Cash Flow - The net cash flow from operating activities was a negative ¥359,998,946.72, reflecting a significant decrease of 715.93% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2025 was -¥359,998,946.72, a decline from a positive cash flow of ¥58,448,142.91 in 2024[24] - The total cash inflow from operating activities was 386,347,340.82 RMB, down 8.4% from 421,766,998.28 RMB in the previous year[32] - The company incurred a total cash outflow from operating activities of 517,420,986.30 RMB, which is significantly higher than 366,189,663.05 RMB in the previous year[32] - The cash and cash equivalents at the end of the period stood at 257,602,552.48 RMB, compared to 224,611,140.20 RMB at the end of the previous year[33] - The cash flow from financing activities generated a net cash flow of ¥425,272,277.14, compared to ¥240,586,126.39 in the previous period, marking an increase of about 76.7%[25] - The company reported a cash inflow from financing activities of 560,000,000.00 RMB, an increase of 29% compared to 435,000,000.00 RMB in 2024[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,661,133,156.27, a 7.33% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥2,349,239,981.52, an increase from ¥1,807,261,791.92 at the end of 2024[16] - Total liabilities as of September 30, 2025, were ¥2,441,409,579.08, slightly down from ¥2,443,609,907.47[17] - Long-term borrowings increased to ¥1,941,076,222.02 from ¥1,438,566,113.77[17] - Total liabilities increased to ¥5,046,569,754.57 in 2025 from ¥4,510,071,100.22 in 2024, reflecting a growth of 11.9%[18] - The total liabilities as of September 30, 2025, were ¥1,852,556,934.04, compared to ¥1,567,316,460.09 at the end of 2024, reflecting an increase of about 18.2%[28] - The company's total equity as of September 30, 2025, was ¥1,867,950,210.19, a decrease from ¥1,950,486,756.86 at the end of 2024, reflecting a decline of approximately 4.2%[28] Shareholder Information - Total shareholders of common stock at the end of the reporting period reached 37,665[12] - The largest shareholder, Shandong Energy Group New Materials Co., Ltd., holds 316,441,633 shares, accounting for 51.79% of total shares[12] Research and Development - Research and development expenses for the first three quarters of 2025 totaled ¥77,538,133.63, slightly up from ¥75,741,113.36 in 2024, indicating continued investment in innovation[20] - The company's research and development expenses for the first three quarters of 2025 were ¥25,847,769.39, a decrease from ¥37,378,590.27 in the same period of 2024, indicating a reduction of approximately 30.9%[30] Inventory and Receivables - Accounts receivable increased significantly to ¥328,679,035.74 from ¥68,259,248.75[16] - Inventory rose to ¥645,140,679.31, up from ¥533,692,133.56[16] - The company's inventory as of September 30, 2025, was valued at ¥147,898,643.48, down from ¥167,839,777.70 at the end of 2024, indicating a decrease of approximately 11.9%[26] Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥10,036,917.22, with government subsidies being a significant contributor[8] Accounting Standards - The company has not adopted new accounting standards for the year 2025[34]