TRINA(SH:688599)2025-10-30 10:10Financial Performance - The company's operating revenue for the third quarter was approximately ¥18.91 billion, a decrease of 6.27% compared to the same period last year[5] - The total profit for the year-to-date period was a loss of approximately ¥4.82 billion, reflecting a significant decline[5] - The net profit attributable to shareholders for the third quarter was a loss of approximately ¥1.28 billion, with a year-to-date loss of approximately ¥4.20 billion[5] - Total operating revenue for the first three quarters of 2025 was CNY 49.97 billion, a decrease of 20.7% compared to CNY 63.15 billion in the same period of 2024[24] - The net profit for the first three quarters of 2025 was -4.14 billion RMB, compared to -754.56 million RMB in the same period of 2024, indicating a significant decline in profitability[25] - The company reported a total comprehensive loss of -3.91 billion RMB for the first three quarters of 2025, compared to -867.46 million RMB in the same period of 2024[26] - The basic and diluted earnings per share for the first three quarters of 2025 were both -1.95 RMB, compared to -0.39 RMB in 2024, indicating a worsening earnings situation[26] - The operating profit for the first three quarters of 2025 was -4.67 billion RMB, a substantial drop from -868.87 million RMB in the same period of 2024[25] Research and Development - Research and development expenses totaled approximately ¥945.38 million for the quarter, down 40.83% year-on-year, representing 5.00% of operating revenue[6] - Research and development expenses for the first three quarters of 2025 were CNY 1.27 billion, compared to CNY 1.36 billion in 2024, indicating a decrease of 6.4%[24] Assets and Liabilities - The company's total assets at the end of the quarter were approximately ¥123.83 billion, a slight decrease of 0.09% from the previous year[6] - The total assets as of the reporting date were CNY 123.83 billion, slightly down from CNY 123.93 billion at the end of the previous period[21] - Total liabilities increased to CNY 96.57 billion from CNY 91.69 billion, representing an increase of 5.5%[21] - The company's equity attributable to shareholders decreased to CNY 21.93 billion from CNY 26.38 billion, a decline of 16.8%[21] Cash Flow - The company reported a cash flow from operating activities of approximately ¥2.85 billion year-to-date, down 25.50% from the previous year[5] - The net cash flow from operating activities was 2.85 billion RMB, down from 3.83 billion RMB in the previous year, representing a decrease of about 25%[29] - Investment activities resulted in a net cash outflow of -3.93 billion RMB in 2025, an improvement from -9.99 billion RMB in 2024[30] - The cash and cash equivalents at the end of the period decreased to 16.65 billion RMB from 21.33 billion RMB in the previous year, a decline of approximately 22%[30] Shareholder Information - The company repurchased a total of 18,679,782 shares, representing 0.86% of the total share capital, with a total expenditure of RMB 309,577,245.86[16] - The highest repurchase price was RMB 24.91 per share, while the lowest was RMB 13.64 per share[16] - The total number of shares held by the top 10 shareholders includes Jiangsu Panji Investment Co., Ltd. with 295,495,418 shares, accounting for 13.56% of total shares[14] - The company has a total of 47,271 common stock shareholders at the end of the reporting period[13] Market Conditions - The decline in profitability was primarily attributed to an imbalance in supply and demand within the industry and sustained low prices in the photovoltaic product market[10] Other Financial Metrics - The basic and diluted earnings per share for the quarter were both -¥0.61, reflecting a decline in profitability[6] - The weighted average return on equity was -5.67%, a decrease of 1.07 percentage points compared to the previous year[6] - The company experienced a significant increase in investment income losses, totaling -335.56 million RMB in 2025 compared to -543.96 million RMB in 2024[25] - The company reported a tax expense of -680.40 million RMB for the first three quarters of 2025, compared to -127.82 million RMB in 2024, indicating a higher tax burden despite losses[25]