AVICHM(SH:600765)2025-10-30 10:40Financial Performance - The company's operating revenue for the third quarter was ¥2,025,780,531.14, a decrease of 12.01% compared to the same period last year[5]. - The total profit for the third quarter was ¥125,946,110.88, down 67.54% year-on-year[5]. - The net profit attributable to shareholders was ¥123,711,011.12, reflecting a decline of 57.57% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥53,941,233.36, a significant drop of 80.04% year-on-year[6]. - The basic earnings per share for the third quarter was ¥0.08, down 60.00% from the same period last year[6]. - Total operating revenue for the first three quarters of 2025 was ¥7,776,388,488.14, a decrease of 6.57% compared to ¥8,324,634,931.61 in the same period of 2024[25]. - Operating profit for the first three quarters of 2025 was ¥810,228,643.18, down 37.19% from ¥1,291,155,148.53 in the previous year[25]. - The net profit for the first three quarters of 2025 is CNY 710,084,130.35, a decrease of 37.2% compared to CNY 1,132,427,021.49 in the same period of 2024[26]. - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.39, down from CNY 0.69 in the previous year[27]. - The total comprehensive income for the first three quarters of 2025 is CNY 710,975,141.44, down from CNY 1,132,493,537.73 in the previous year[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,763,686,339.85, an increase of 4.74% compared to the end of the previous year[6]. - Total assets increased to ¥31,763,686,339.85 in 2025 from ¥30,324,946,996.08 in 2024, showing growth in the asset base[21]. - Total liabilities rose to ¥15,581,100,621.94 in 2025 from ¥14,435,104,832.31 in 2024, suggesting increased leverage[21]. - The company's total equity rose to ¥16,182,585,717.91 in 2025 from ¥15,889,842,163.77 in 2024, indicating a strengthening of the equity position[21]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥912,556,734.53, a decrease of 51.13% year-on-year[6]. - Cash flow from operating activities for the first three quarters of 2025 is negative CNY 912,556,734.53, compared to negative CNY 603,836,738.46 in the same period of 2024[28]. - Total cash inflow from operating activities is CNY 5,865,234,510.58, an increase of 6.4% from CNY 5,511,565,926.39 in the previous year[28]. - Cash outflow from operating activities is CNY 6,777,791,245.11, up from CNY 6,115,402,664.85 in the same period of 2024[28]. - Net cash flow from investing activities is negative CNY 468,467,022.08, compared to negative CNY 1,030,204,569.57 in the previous year[29]. - Cash flow from financing activities shows a net increase of CNY 285,720,353.25, compared to CNY 250,294,226.11 in the same period of 2024[29]. - The cash and cash equivalents at the end of the period amount to CNY 4,325,417,832.06, compared to CNY 4,169,721,356.03 at the end of the previous year[29]. Research and Development - The company reported an increase in R&D expenses by 9.43% year-to-date, attributed to the development of over 4,000 new products[10]. - Research and development expenses increased to ¥457,940,600.23 in 2025 from ¥418,484,423.68 in 2024, reflecting a focus on innovation[25]. - The company has a strong focus on research and development to maintain its competitive edge in the aviation sector[15]. Market Position and Strategy - The company has obtained supplier qualification from 46 clients, including major players like COMAC and Safran, enhancing its market position[15]. - The company is focusing on expanding its aviation forging technology and aims to achieve profitability by increasing its market share in the aviation and gas turbine sectors[15]. - The company’s subsidiary has completed sample deliveries for multiple microchannel liquid cooling projects, indicating progress in product development[17]. - The company is set to launch new products in the civilian heat exchanger market, which is expected to drive rapid growth[17]. - The company has established an "Aviation Forging Innovation Center" to enhance its technological capabilities and support the aviation industry's development[15]. Tax and Expenses - The company experienced a 50.35% increase in taxes and surcharges year-to-date, primarily due to rising property and land use taxes[10]. - Total operating costs for the first three quarters of 2025 were ¥6,877,024,793.88, slightly down from ¥6,909,322,429.18 in 2024, indicating a cost control strategy[25]. Other Information - The total number of ordinary shareholders at the end of the reporting period was 98,157[12]. - Long-term equity investments decreased from ¥711,719,398.80 to ¥581,693,422.02, indicating a potential shift in investment strategy[20]. - Deferred tax assets increased to ¥223,419,871.99 from ¥200,889,594.18, which may impact future tax liabilities positively[20]. - The company has not applied new accounting standards starting from 2025[30].