万润新能(688275) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,899,781,058.03, representing a year-on-year increase of 52.26%[2] - The total profit for the period was a loss of ¥110,414,917.74, with a year-to-date loss of ¥436,621,180.40[2] - Total revenue for the first three quarters of 2025 reached ¥7,335,671,458.04, a significant increase of 51.0% compared to ¥4,852,198,300.82 in the same period of 2024[19] - The net loss for the first three quarters of 2025 was ¥374,336,795.43, an improvement from a net loss of ¥624,882,663.80 in the same period of 2024[20] - The operating profit for the first three quarters of 2025 was reported at -¥438,624,337.93, compared to -¥698,754,654.56 in 2024, indicating a narrowing loss[20] - The company reported a total comprehensive loss of ¥413,686,122.92 for the first three quarters of 2025, compared to a loss of ¥627,416,500.20 in 2024, indicating a reduction in losses[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥2.86, an improvement from -¥4.77 in 2024[21] Assets and Liabilities - The company's total assets as of the end of the reporting period were ¥18,198,185,848.56, a 2.95% increase from the end of the previous year[3] - The company's total assets increased to ¥18,198,185,848.56 in 2025 from ¥17,676,221,687.15 in 2024, reflecting a growth of 2.9%[17] - Total liabilities rose to ¥13,024,376,232.01 in 2025, up from ¥12,088,654,080.57 in 2024, marking an increase of 7.7%[17] - The equity attributable to shareholders decreased to ¥5,226,122,954.20 in 2025 from ¥5,617,508,721.54 in 2024, a decline of 6.9%[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥258,214,034.52, reflecting an 87.88% decrease compared to the previous year[2] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥6,255,505,806.16, an increase of 3.5% compared to ¥6,043,756,508.05 in the same period of 2024[23] - The net cash flow from operating activities was ¥258,214,034.52, a significant decrease of 87.9% from ¥2,130,026,345.07 in the previous year[23] - Cash outflow for purchasing goods and services was ¥5,297,070,323.42, up 56.8% from ¥3,376,551,066.63 in the prior year[23] - The net cash flow from investing activities was -¥386,532,854.68, an improvement from -¥1,010,843,355.24 in the same period last year[23] - Cash inflow from financing activities totaled ¥5,466,592,568.41, compared to ¥2,388,173,842.26 in the previous year, marking a 128.5% increase[25] - The net cash flow from financing activities was -¥152,330,765.08, an improvement from -¥1,389,465,688.98 in the same period last year[25] - The ending balance of cash and cash equivalents was ¥829,311,064.97, down from ¥1,312,532,094.28 at the end of the previous year[25] - The company received cash from investment recoveries amounting to ¥1,391,364,383.56, a decrease from ¥2,171,000,000.00 in the previous year[23] - Total cash outflow for investment activities was ¥1,941,629,563.68, down from ¥3,206,481,864.33 in the same period last year[23] - The company reported a cash inflow from financing activities of ¥3,117,999,506.38, which is an increase from ¥1,799,464,473.34 in the previous year[25] Sales and Production - Lithium iron phosphate sales volume increased by 65.53% year-on-year, despite a decline in sales prices due to falling raw material costs[7] - The gross profit margin increased by 3.28% year-on-year due to improved capacity utilization and inventory management[8] - The company plans to continue enhancing cost control measures and inventory management to mitigate the impact of raw material price fluctuations[8] Shareholder Information - Total shareholders at the end of the reporting period reached 16,589[10] - Liu Shiqi holds 29,593,771 shares, representing 23.47% of total shares[10] - Li Fei holds 11,176,910 shares, representing 8.86% of total shares[10] - The company plans to increase shareholding by at least RMB 8.6067 million, not exceeding RMB 17.2133 million[12] Research and Development - Research and development expenses totaled ¥56,648,765.94 for the quarter, accounting for 1.95% of operating revenue, a decrease of 0.72 percentage points year-on-year[3] - Research and development expenses for the first three quarters of 2025 were ¥184,634,219.67, slightly down from ¥194,477,916.60 in 2024[20] Inventory and Current Assets - As of September 30, 2025, total current assets amounted to RMB 8,422,575,601.66, an increase from RMB 7,392,619,442.46[15] - Cash and cash equivalents reached RMB 3,761,289,417.98, up from RMB 2,918,703,772.52[15] - Accounts receivable increased to RMB 2,262,619,552.69 from RMB 2,043,167,258.18[15] - Inventory rose to RMB 1,238,801,928.01 from RMB 943,677,657.71[15] - The company’s long-term equity investments decreased to RMB 48,010,409.01 from RMB 56,995,359.41[15] Share Buyback - The company has implemented a share buyback plan, with 146,031 shares purchased for RMB 5.3936 million[13]