SEC(SH:603988)2025-10-30 10:40Financial Performance - The company's operating revenue for the third quarter was ¥170,147,534.55, a decrease of 3.77% compared to the same period last year[5] - The total profit for the quarter was ¥6,734,605.27, down 52.04% year-on-year[5] - The net profit attributable to shareholders was ¥4,244,275.94, reflecting a decline of 62.09% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥3,909,698.39, a significant drop of 79.28% year-on-year[5] - The basic earnings per share for the quarter was ¥0.02, a decrease of 63.91% compared to the same period last year[6] - The company reported a significant increase in total profit for the year-to-date period, up 512.63% to ¥44,823,549.18[5] - Net profit for the first three quarters of 2025 was ¥39,215,428.75, a significant recovery from a net loss of ¥13,619,590.07 in the same period of 2024[24] - Earnings per share for the first three quarters of 2025 were ¥0.17, compared to a loss per share of ¥0.06 in 2024[24] Assets and Liabilities - The total assets at the end of the quarter were ¥1,106,523,156.46, a slight decrease of 0.86% from the end of the previous year[6] - The total assets as of September 30, 2025, amounted to approximately ¥1,106.52 million, a slight decrease from ¥1,116.07 million as of December 31, 2024, reflecting a decrease of about 0.5%[16] - Current assets totaled approximately ¥958.94 million, down from ¥962.02 million, indicating a decrease of about 0.3%[17] - The total liabilities decreased to ¥435,321,285.18 in 2025 from ¥474,676,992.75 in 2024, indicating a reduction of approximately 8.3%[19] Cash Flow - The net cash flow from operating activities was negative at -¥8,660,531.45, indicating a decline of 119.54% compared to the previous year[6] - Cash inflow from operating activities in the first three quarters of 2025 was ¥553,267,738.86, an increase from ¥513,318,365.56 in 2024[25] - The net cash flow from operating activities was -$8.66 million, a decrease from $44.31 million in the previous period[26] - Total cash outflow from operating activities amounted to $561.93 million, compared to $469.01 million previously[26] - The ending balance of cash and cash equivalents was $67.03 million, compared to $90.20 million at the end of the previous period[26] Business Strategy and Development - The company has expanded its business scope to include upstream resource industries, focusing on non-ferrous and precious metal investment, exploration, mining, and processing[14] - The company aims to become a diversified entity with dual main businesses in electric motor operations and upstream resources, enhancing profitability and sustainable operations[14] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[22] Shareholder Information - The top ten shareholders hold a combined 78.75% of the company's shares, with Beijing Gaodi Resource Development Co., Ltd. holding the largest share at 30%[12] - The company completed a board and supervisory board election on February 13, 2025, with a smooth transition of executive management[14] Financial Management - The financial expenses showed a decrease, with a net financial income of -¥1,306,394.31 in 2025 compared to -¥423,224.41 in 2024, indicating improved cost management[22] - Unallocated profits increased to ¥178,915,990.77 in 2025, up from ¥149,108,562.02 in 2024, marking a growth of 19.9%[19] Future Plans - The company plans to implement new accounting standards starting in 2025[27]