LOPAL(SH:603906)2025-10-30 11:00Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,203,501,935.31, representing a 5.33% increase compared to the same period last year[4] - The total profit for the period was a loss of CNY 16,470,598.59, an improvement from a loss of CNY 97,455,868.17 in the previous year[4] - The net profit attributable to shareholders was a loss of CNY 25,317,203.98, compared to a loss of CNY 81,892,084.68 in the same period last year[4] - The net loss for the first three quarters of 2025 was reported at ¥486,316,393.39, compared to a net loss of ¥375,845,782.32 in the same period of 2024[20] - The net profit for the first three quarters of 2025 was -131,275,324.70 RMB, compared to -372,677,188.87 RMB in the same period of 2024, showing an improvement of approximately 64.8%[23] - The total comprehensive income attributable to the parent company for the first three quarters of 2025 was -109,914,822.07 RMB, compared to -300,145,958.70 RMB in 2024, reflecting a notable improvement[24] Cash Flow - The net cash flow from operating activities for the year-to-date was a negative CNY 66,358,752.44, a significant decline from a positive CNY 107,413,349.19 in the previous year[4] - The company reported a net cash flow from operating activities of -169.61 million RMB, primarily due to a decrease in cash received from sales[12] - The net cash flow from operating activities for the first three quarters of 2025 was -66,358,752.44 RMB, compared to 95,332,629.75 RMB in 2024, indicating a significant decline[24] - The company reported a net cash flow from financing activities of 2,025,305,809.13 RMB in 2025, a substantial increase compared to -117,629,942.23 RMB in 2024[25] - The company achieved a total cash inflow from financing activities of 7,037,570,079.56 RMB in 2025, compared to 5,909,665,923.57 RMB in 2024, indicating a growth in financing efforts[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 18,438,397,670.16, an increase of 11.89% from the end of the previous year[6] - The company's total assets reached ¥18,438,397,670.16 as of September 30, 2025, compared to ¥16,055,186,971.37 at the end of 2024, reflecting an increase of approximately 14.8%[20] - Total current assets as of September 30, 2025, were ¥9,718,579,720.62, up from ¥7,198,288,021.17 at the end of 2024, representing an increase of approximately 35%[19] - Total liabilities increased to ¥14,610,813,995.03 as of September 30, 2025, compared to ¥12,032,213,339.09 at the end of 2024, indicating a rise of about 21.5%[20] - The company's long-term borrowings increased to ¥2,620,592,209.87 as of September 30, 2025, from ¥2,204,014,652.93 at the end of 2024, representing an increase of approximately 18.8%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 85,759[14] - The largest shareholder, Shi Junfeng, holds 31.04% of the shares, totaling 212,662,195 shares[14] - The top 10 shareholders collectively hold 34.77% of the company's total shares[15] - The report indicates no changes in the participation of the top 10 shareholders in margin trading and securities lending[16] Acquisitions and Partnerships - The company completed the acquisition of Shandong Meiduo Technology Co., Ltd., which is now a wholly-owned subsidiary, enhancing its market position[7] - The company has adjusted its financial statements due to the acquisition, reflecting the integration of Shandong Meiduo's financials into its consolidated reports[8] - The company has signed a procurement cooperation agreement with CATL to sell 157,500 tons of lithium iron phosphate cathode materials from Q2 2026 to 2031, with an estimated total sales amount exceeding 6 billion RMB[17] - The company's subsidiary, LBM NEW ENERGY (AP) PTE. LTD., is involved in the agreement with CATL, indicating a strategic partnership in the lithium battery supply chain[16] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥5,965,892,986.07, slightly down from ¥5,975,477,267.16 in 2024, indicating a decrease of about 0.2%[22] - Research and development expenses for the first three quarters of 2025 amounted to ¥310,762,323.09, a decrease from ¥370,484,288.95 in 2024, reflecting a reduction of approximately 16.1%[22] - The company experienced a decrease in operating expenses, with total cash outflows from operating activities amounting to 3,735,411,943.22 RMB in 2025, down from 4,101,489,787.04 RMB in 2024[24] Other Financial Metrics - The basic earnings per share and diluted earnings per share for the current reporting period are not applicable[12] - Basic and diluted earnings per share for the first three quarters of 2025 were both -0.16 RMB, an improvement from -0.54 RMB in 2024[24] - The company reported a total of CNY 14,875,185.24 in non-recurring gains for the period, indicating some financial relief despite overall losses[10] - The company has experienced a reduction in losses related to lithium iron phosphate cathode materials, contributing to improved financial performance[12] - The company did not report any net profit from subsidiaries prior to consolidation, with the previous year's net profit from the merged entity being -138,895.95 RMB[24]