襄阳轴承(000678) - 2025 Q3 - 季度财报

Financial Performance - Q3 2025 revenue was CNY 382,490,901.88, a decrease of 4.01% year-over-year, while year-to-date revenue reached CNY 1,178,811,878.22, an increase of 7.65%[5] - The net profit attributable to shareholders was CNY -11,327,458.43, down 60.71% year-over-year, with a year-to-date net profit of CNY -26,857,687.63, a decrease of 38.06%[5] - Basic and diluted earnings per share for Q3 2025 were both CNY -0.025, reflecting a decline of 64.30% compared to the same period last year[5] - The total profit for the year-to-date period was CNY -41,377,529.37, a decline of 32.58% attributed mainly to increased losses at the Poland factory[9] - Net loss attributable to shareholders of the parent company was ¥26,857,687.63, compared to a net loss of ¥19,454,278.41 in the previous period, reflecting a deterioration in performance[19] - The company recorded a comprehensive loss of ¥47,024,881.76, compared to a loss of ¥28,941,706.68 in the previous period, highlighting increased financial challenges[20] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 2,288,843,537.26, an increase of 2.17% from the end of the previous year[5] - The total assets increased to ¥2,288,843,537.26 from ¥2,240,178,560.84, marking a growth of 2.2%[16] - Total liabilities rose to ¥1,473,053,732.78, up from ¥1,368,900,540.21, indicating an increase of 7.6%[16] - The total equity attributable to shareholders decreased to ¥797,364,702.34 from ¥799,509,675.33, reflecting a slight decline in shareholder value[16] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 177,942,026.25, down 26.83% compared to the previous year[5] - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[19] - Operating cash flow for the current period is ¥177,942,026.25, a decrease of 26.9% from ¥243,194,263.39 in the previous period[21] - Total cash inflow from operating activities is ¥785,985,660.66, down 13.0% from ¥903,735,664.83 in the previous period[21] - Cash outflow from operating activities is ¥608,043,634.41, a reduction of 8.0% compared to ¥660,541,401.44 in the previous period[21] - Net cash flow from investing activities is -¥79,691,066.05, worsening from -¥3,833,083.88 in the previous period[22] - Cash inflow from financing activities totals ¥366,478,257.68, an increase of 43.1% from ¥256,378,882.94 in the previous period[22] - Net cash flow from financing activities is -¥111,349,779.10, an improvement from -¥245,141,329.03 in the previous period[22] - The cash and cash equivalents at the end of the period amount to ¥77,765,411.24, down from ¥92,183,701.64 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 90,596[10] - The largest shareholder, Sanhuan Group Co., Ltd., holds 27.94% of shares, totaling 128,400,000 shares, which are currently frozen[10] - The second-largest shareholder, Xiangyang Bearing Investment Development Group Co., Ltd., holds 17.09% of shares, totaling 78,563,013 shares[10] Operational Highlights - The Xiangyang factory generated revenue of CNY 909,851,085.40 with a profit of CNY 22,189,429.89, while the Poland factory reported revenue of CNY 300,767,843.75 but incurred a loss of CNY -62,511,566.79[5] - The company received government subsidies amounting to CNY 450,267.89 during the reporting period, contributing to its financial performance[7] - The company plans to invest up to ¥40 million in the establishment of a wholly-owned subsidiary to enhance market competitiveness in the transmission shaft business[12] - The subsidiary, Xiangyang Xiangzhu Transmission Technology Co., Ltd., completed a capital increase of ¥36 million in September 2022[12] - The company has a buyback agreement for the subsidiary's shares, with a total payment of ¥42.41 million expected by the end of August 2025[13] Inventory and Receivables - Accounts receivable increased to ¥331,074,871.15 from ¥301,963,631.05, indicating a growth of approximately 9.3%[14] - Inventory at the end of the reporting period is ¥416,645,909.24, compared to ¥401,651,237.86 at the beginning, reflecting an increase of about 3.7%[14] Research and Development - Research and development expenses were reported at ¥34,691,704.96, slightly up from ¥34,363,957.91, indicating continued investment in innovation[18]