Koal(SH:603232)2025-10-30 10:55Financial Performance - The company's operating revenue for Q3 2025 was ¥119,744,321.14, representing a decrease of 14.14% compared to the same period last year[5]. - The total profit for the period was ¥6,601,706.84, down 35.99% year-over-year, primarily due to a decrease in operating revenue[10]. - The net profit attributable to shareholders was ¥7,278,432.37, reflecting a decline of 41.25% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥4,378,619.79, a decrease of 41.72% year-over-year[5]. - The basic and diluted earnings per share were both ¥0.03, down 50% compared to the same period last year[6]. - The company reported a net profit of RMB -68,466,475.28 for the first three quarters of 2025, compared to a profit of RMB -43,575,356.43 in the same period of 2024[24]. - The net profit for the first three quarters of 2025 was -65,459,572.07 RMB, compared to -39,133,197.29 RMB in the same period of 2024, representing an increase in net loss of approximately 67.2%[25]. - The total comprehensive income for the first three quarters of 2025 was -65,852,966.93 RMB, compared to -34,685,376.83 RMB in the same period of 2024, indicating a decline of about 89.9%[26]. - Basic and diluted earnings per share for Q3 2025 were both -0.28 RMB, compared to -0.16 RMB in Q3 2024, indicating a worsening in earnings per share[26]. Cash Flow and Assets - The cash flow from operating activities showed a net outflow of ¥2,787,032.99 for the quarter[6]. - Cash and cash equivalents decreased by 76.52% due to operating cash outflows and increased external investments[11]. - The company's cash and cash equivalents decreased to RMB 56,306,990.99 as of September 30, 2025, from RMB 239,796,436.40 at the end of 2024, representing a decline of 76.5%[20]. - Cash and cash equivalents at the end of Q3 2025 were 53,734,550.01 RMB, down from 169,607,499.90 RMB at the end of Q3 2024, a decrease of about 68.3%[32]. - The company experienced a net cash outflow from investing activities of -48,307,299.36 RMB in the first three quarters of 2025, contrasting with a net inflow of 81,006,035.26 RMB in the same period of 2024[30]. - Total assets at the end of the reporting period were ¥1,578,204,069.42, a decrease of 5.49% from the end of the previous year[6]. - The company's total assets amounted to RMB 1,578,204,069.42 as of September 30, 2025, down from RMB 1,669,821,101.50 at the end of 2024, a decrease of 5.5%[22]. - Non-current assets totaled RMB 538,638,350.95 as of September 30, 2025, an increase from RMB 504,460,531.23 at the end of 2024, reflecting a growth of 6.8%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,301[14]. - The top ten shareholders collectively hold 28.41% of the company's shares, with Kong Linggang and Lu Haitan being the actual controllers[15]. Operating Costs and Revenue - Operating costs decreased by 35.76% due to a reduction in operating revenue[12]. - Revenue from sales of goods and services for the first three quarters of 2025 was 245,013,696.18 RMB, down from 274,098,249.50 RMB in the same period of 2024, a decline of approximately 10.6%[29]. - Total operating costs for the first three quarters of 2025 were RMB 303,901,672.63, down 19.3% from RMB 376,361,342.81 in the previous year[24]. - The company incurred a total operating expense of 360,490,490.27 RMB in the first three quarters of 2025, compared to 416,769,748.89 RMB in the same period of 2024, reflecting a reduction of approximately 13.5%[30]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the period totaled ¥2,899,812.58, with significant contributions from government subsidies and other non-operating income[9]. Legal Matters - The company is currently involved in litigation regarding claims from Tianjian Accounting Firm and Dongxing Securities, with legal teams actively working on the case[18]. Investment Activities - The company plans to issue up to RMB 300 million in stock through a simplified procedure, not exceeding 20% of the net assets as of the end of the previous year[17]. - The company signed a share acquisition intention agreement to acquire over 51% of the target company's shares in cash[16]. - The company is in the process of acquiring a controlling stake in a target company, with due diligence and audit activities ongoing[17].