恒顺醋业(600305) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥502,323,912.19, a decrease of 4.63% compared to the same period last year[4] - The total profit for the quarter was ¥41,731,624.10, an increase of 39.67% year-on-year[4] - The net profit attributable to shareholders was ¥31,124,800.80, reflecting a year-on-year increase of 17.65%[4] - The net profit after deducting non-recurring gains and losses was ¥18,680,332.07, down 22.76% from the previous year[4] - The basic earnings per share for the quarter was ¥0.0389, an increase of 192.48% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,627,679,571.76, an increase of 6.3% compared to ¥1,531,184,186.88 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥140,660,441.44, compared to ¥116,204,650.78 in 2024, representing an increase of 20.9%[19] - Earnings per share for the first three quarters of 2025 were ¥0.1291, up from ¥0.1089 in the same period of 2024, indicating a growth of 20.1%[20] - The company reported a total comprehensive income of ¥151,344,501.27 for the first three quarters of 2025, compared to ¥93,302,852.81 in 2024, reflecting a significant increase of 62.2%[20] - Total comprehensive income for the first three quarters of 2025 was ¥130,443,948.01, significantly higher than ¥69,595,831.91 in 2024[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,132,078,831.33, a decrease of 5.32% compared to the end of the previous year[5] - The company's total current assets decreased from CNY 2,203,212,618.97 on December 31, 2024, to CNY 1,998,618,079.40 on September 30, 2025, a decrease of approximately 9.3%[14] - Total assets decreased from CNY 4,364,251,278.58 to CNY 4,132,078,831.33, a decrease of about 5.3%[15] - The total liabilities decreased from ¥1,035,283,776.93 in 2024 to ¥764,014,848.46 in 2025, a reduction of approximately 26.1%[16] - The total current liabilities decreased from CNY 921,688,016.81 to CNY 679,181,135.88, a decrease of approximately 26.4%[15] - The total liabilities decreased to CNY 617,685,227.39 from CNY 891,421,057.13, indicating a reduction in financial obligations[28] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥37,735,942.62, down 86.95% year-on-year[4] - The cash flow from operating activities for the first three quarters of 2025 was ¥1,620,014,285.94, slightly up from ¥1,598,758,859.81 in 2024, indicating a growth of 1.3%[23] - The net cash flow from operating activities was CNY 37,735,942.62, a decrease of 87% compared to CNY 289,056,585.24 in the previous period[24] - Total cash inflow from investment activities was CNY 1,629,967,945.93, up from CNY 1,312,740,897.37, while cash outflow was CNY 1,699,750,706.96, resulting in a net cash flow of -CNY 69,782,761.03[24] - Cash flow from operating activities showed a net outflow of ¥60,330,402.87 in 2025, contrasting with a net inflow of ¥234,713,533.43 in 2024[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 85,684[11] - Jiangsu Hengshun Group Co., Ltd. holds 40.58% of shares, totaling 449,036,422 shares[11] - The company has no significant changes in the shareholding structure among the top shareholders, indicating stability in ownership[12] Expenses - The company reported a significant increase in total profit due to a reduction in market expenses[9] - Research and development expenses for the first three quarters of 2025 were ¥79,872,027.17, compared to ¥69,215,872.25 in 2024, marking an increase of 15.5%[19] - Research and development expenses increased to ¥67,784,277.11 in 2025, a rise of 16.6% from ¥58,133,797.47 in 2024[30] - The company reported a decrease in sales expenses to ¥232,930,019.58 in 2025, down 6.1% from ¥248,204,333.70 in 2024[30] Inventory and Cash Management - Cash and cash equivalents decreased from CNY 604,042,706.68 to CNY 446,579,913.02, a decline of about 26.0%[14] - The company’s inventory decreased to CNY 121,796,364.78 from CNY 136,830,857.83, indicating improved inventory management[26] - Cash and cash equivalents at the end of the period were CNY 444,827,913.02, down from CNY 552,869,597.59[25] - The cash and cash equivalents at the end of the period were ¥260,353,593.19, down from ¥363,118,692.09 at the end of 2024[34] Other Information - The company received government subsidies amounting to ¥3,753,124.66 during the quarter, contributing to its non-recurring gains[7] - The company did not apply new accounting standards for the year 2025[35]