协鑫集成(002506) - 2025 Q3 - 季度财报

Revenue and Profitability - The company's revenue for Q3 2025 was CNY 3,998,423,862.44, representing a 3.12% increase year-over-year, while the year-to-date revenue decreased by 2.48% to CNY 11,692,625,939.33[4] - The net profit attributable to shareholders for Q3 2025 was a loss of CNY 228,260,777.77, a significant decline of 691.81% compared to the same period last year, with a year-to-date loss of CNY 555,127,931.04, down 777.78%[4] - Basic earnings per share for Q3 2025 were CNY -0.039, a decrease of 657.14% year-over-year, while diluted earnings per share also fell by 657.14% to CNY -0.039[5] - Total operating revenue for the current period is ¥11,692,625,939.33, a decrease of 2.5% from ¥11,990,007,475.66 in the previous period[25] - Net profit for the current period is a loss of ¥555,006,362.73, compared to a profit of ¥81,530,011.59 in the previous period[26] - Basic earnings per share for the current period is -0.095, down from 0.014 in the previous period[27] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 19,268,065,350.34, a slight increase of 0.34% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, amounted to CNY 19,268,065,350.34, showing a slight increase from CNY 19,202,636,205.53 at the beginning of the period[20] - The company's cash and cash equivalents decreased to CNY 4,172,122,651.59 from CNY 5,136,005,582.34, representing a decline of approximately 18.8%[21] - Accounts receivable decreased from CNY 2,778,148,743.04 to CNY 2,651,756,309.45, a reduction of about 4.6%[21] - Inventory increased significantly from CNY 1,293,185,171.19 to CNY 1,796,967,812.90, reflecting a growth of approximately 39.0%[21] - The company's long-term equity investments rose from CNY 1,563,182,235.21 to CNY 2,261,629,776.55, an increase of about 44.7%[22] - Short-term borrowings increased to CNY 3,214,931,186.33 from CNY 2,949,484,985.55, marking an increase of approximately 9.0%[22] - The total liabilities of the company increased, with accounts payable rising from CNY 3,434,441,494.54 to CNY 4,690,048,349.73, an increase of about 36.5%[22] - Total liabilities amount to ¥17,488,471,738.61, an increase from ¥16,819,537,091.07 in the previous period[23] - Total equity attributable to shareholders of the parent company is ¥1,779,499,532.94, down from ¥2,383,126,603.98 in the previous period[23] Expenses and Investments - Research and development expenses decreased by 44.49% year-over-year, primarily due to reduced investment in battery cell projects[12] - Research and development expenses for the current period are ¥148,808,893.10, a decrease of 44.4% from ¥268,090,404.07 in the previous period[25] - Investment income increased by 40.83% year-over-year, mainly due to reduced losses from associated companies[12] - The company experienced a 100.51% decrease in credit impairment losses, as a result of higher recoveries of accounts receivable in the previous period[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 206,186, with significant shareholding by Jiangsu GCL Construction Management Co., Ltd. at 8.89%[15] - The controlling shareholder, GCL-Poly Energy Holdings Limited, has pledged approximately 100% of its shares, totaling 466,030,445 shares, which represents 7.97% of the company's total equity[18] - The company has a total of 10 major shareholders, with the top three holding a combined total of 1,415,172,145 shares, accounting for approximately 23.7% of the total shares outstanding[18] Cash Flow - Cash inflow from operating activities is ¥11,720,175,873.89, a decrease from ¥12,924,777,480.34 in the previous period[30] - Cash paid for goods and services is ¥5,693,135,153.70, an increase from ¥5,008,873,852.62 in the previous period[30] - The net cash flow from operating activities was $963.74 million, slightly down from $973.22 million year-over-year[31] - Total cash outflow from operating activities amounted to $10.76 billion, compared to $11.95 billion in the previous period[31] - Cash inflow from investment activities was $149.43 million, up from $51.81 million year-over-year[31] - The net cash flow from investment activities was -$851.83 million, worsening from -$577.73 million in the previous period[31] - Cash inflow from financing activities totaled $1.87 billion, slightly up from $1.87 billion year-over-year[32] - The net cash flow from financing activities was -$570.22 million, compared to -$457.61 million in the previous period[32] - The cash and cash equivalents at the end of the period stood at $1.31 billion, down from $1.57 billion year-over-year[32] - The impact of exchange rate changes on cash and cash equivalents was $13.79 million, compared to $22.45 million in the previous period[32] Miscellaneous - The company's third-quarter financial report was not audited[33] - The board of directors of GCL-Poly Energy Holdings Limited announced the financial results on October 30, 2025[34]