XSS(SH:600117)2025-10-30 11:15Financial Performance - The company's operating revenue for the third quarter was ¥1,441,157,780.07, representing a year-on-year increase of 1.55%[4] - The total profit for the quarter was a loss of ¥330,459,355.79, with a year-to-date total profit loss of ¥655,741,027.63[4] - The net profit attributable to shareholders was a loss of ¥327,208,237.43 for the quarter, with a year-to-date loss of ¥561,920,324.78[4] - The net profit for the first three quarters of 2025 was a loss of ¥708,928,270.70, compared to a loss of ¥591,913,797.55 in 2024, indicating a deterioration in performance[22] - The company reported a basic and diluted earnings per share of -¥0.17 for the first three quarters of 2025, compared to -¥0.12 in 2024[22] Cash Flow - The net cash flow from operating activities was negative at ¥24,529,255.53, a decrease of 341.24% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥13,290,362.83 in 2025, an improvement from a net outflow of ¥204,697,818.71 in 2024[25] - The total cash inflow from operating activities was ¥3,322,400,830.95 in 2025, compared to ¥2,780,944,105.73 in 2024, showing an increase of about 19.5%[25] - The net cash flow from investing activities was -$19.26 million, compared to -$21.79 million in the previous period, indicating a decrease in cash outflow[26] - The total cash inflow from financing activities was $612.36 million, significantly higher than $239.29 million in the prior period, reflecting increased financing efforts[26] - The net cash flow from financing activities improved to $48.30 million, compared to a negative $223.04 million previously, showing a positive turnaround[26] - The company reported a net increase in cash and cash equivalents of $15.75 million, contrasting with a decrease of $449.53 million in the prior period, reflecting better cash management[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,616,247,041.63, an increase of 1.96% from the end of the previous year[5] - The total liabilities increased to ¥6,789,239,775.64 in 2025 from ¥5,848,970,999.20 in 2024, reflecting a growth of about 16.1%[18] - The total equity decreased to ¥5,827,007,265.99 in 2025 from ¥6,525,310,030.75 in 2024, indicating a decline of approximately 10.7%[18] - The equity attributable to shareholders decreased by 12.05% to ¥4,022,543,655.19 compared to the end of the previous year[5] Investments and Expenses - Research and development expenses increased by 105.17% year-to-date, indicating a significant rise in investment in innovation[9] - Research and development expenses surged to ¥25,623,410.04 in 2025, up from ¥12,488,643.05 in 2024, marking an increase of approximately 105.5%[21] - The company recorded a loss of ¥8,091,301.04 from the disposal of non-current assets during the reporting period[7] Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,479[12] - The largest shareholder, Tianjin Jianlong Steel Industry Co., Ltd., holds 975,144,766 shares, accounting for 29.96% of total shares, with 624,035,132 shares pledged[12] Borrowings and Financial Management - The company experienced a 121.40% increase in short-term borrowings, attributed to increased bank loans[9] - Short-term borrowings surged to ¥699,530,407.04 from ¥315,955,780.47, indicating a significant increase in leverage[17] - The long-term borrowings decreased to ¥78,312,500.00 in 2025 from ¥106,930,000.00 in 2024, a reduction of approximately 26.8%[18] - Cash paid for debt repayment was $358.21 million, significantly higher than $53.60 million previously, indicating a focus on reducing leverage[26] Accounting and Reporting - The company did not apply new accounting standards starting from 2025, maintaining consistency in financial reporting[27]