Huada(SH:603358)2025-10-30 11:20Financial Performance - The company's operating revenue for the third quarter was ¥746,088,590.70, a decrease of 37.65% compared to the same period last year[4]. - Total profit for the third quarter reached ¥219,912,070.62, an increase of 232.53% year-on-year[4]. - Net profit attributable to shareholders was ¥194,432,785.16, reflecting a significant increase of 440.00% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.42, up 366.67% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥3,613,753,382.89, an increase of 2.0% compared to ¥3,537,931,760.50 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥393,921,004.17, compared to ¥235,482,242.00 in 2024, representing a significant increase of 67.3%[20]. - Earnings per share for the first three quarters of 2025 were ¥0.86, up from ¥0.46 in the same period of 2024, indicating a growth of 86.96%[21]. - Total comprehensive income amounted to ¥386,932,634.74, compared to ¥142,612,534.68 in the previous year[28]. - Basic and diluted earnings per share increased to ¥0.82 from ¥0.32 year-over-year[28]. Assets and Liabilities - The company's total assets increased by 5.40% to ¥7,172,498,583.44 compared to the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to ¥5,743,079,381.49, up from ¥4,648,577,308.08 at the end of 2024, reflecting a growth of 23.5%[25]. - The company's current assets totaled CNY 3,674,062,506.49, compared to CNY 3,587,592,791.84 in the previous period, indicating an increase of about 2.4%[14]. - The total liabilities of the company were CNY 3,674,062,506.49, reflecting a slight increase from the previous period[15]. - Total liabilities increased to ¥3,290,941,252.48 in 2025 from ¥3,076,000,463.07 in 2024, marking a rise of 6.9%[16]. - The total liabilities increased to ¥2,117,515,485.98 as of September 30, 2025, compared to ¥1,762,293,063.74 at the end of 2024, marking a rise of 20.2%[25]. Cash Flow - Cash flow from operating activities showed a significant decline of 95.52% year-to-date, influenced by the payment cycle from major manufacturers[9]. - Cash flow from operating activities for the first three quarters of 2025 was ¥8,725,686.65, a decrease from ¥194,986,059.87 in 2024[21]. - Cash inflow from operating activities was ¥1,950,471,746.19, down 17.3% from ¥2,358,412,437.69 in the same period last year[31]. - Net cash flow from operating activities decreased to ¥17,412,393.05 from ¥149,054,671.57, a decline of 88.3%[31]. - The company reported a net cash outflow from investing activities of ¥135,477,996.98, compared to a larger outflow of ¥739,457,496.00 in the previous year[22]. - Cash outflow from investing activities totaled ¥405,286,386.50, compared to ¥605,507,915.55 in the previous year, indicating a reduction of 33.1%[32]. - Cash inflow from financing activities increased to ¥346,999,983.50 from ¥132,000,000.00, a growth of 163.6%[32]. - Net cash flow from financing activities improved to ¥38,064,689.97 from -¥22,130,934.93[32]. Investments and Development - The increase in total profit is primarily attributed to the rise in long-term equity investment income accounted for using the equity method[9]. - The company's long-term equity investments increased to CNY 923,753,253.57 from CNY 629,598,556.11, representing a growth of approximately 46.7%[15]. - The long-term equity investments rose to ¥2,284,525,160.88, up from ¥1,396,139,198.01, reflecting a substantial increase of 63.7%[24]. - Research and development expenses for the first three quarters of 2025 were ¥139,425,255.45, compared to ¥126,245,375.51 in 2024, showing an increase of 10.4%[19]. - Research and development expenses for the first three quarters of 2025 were ¥76,951,702.08, slightly higher than ¥73,961,801.66 in the same period of 2024, showing a growth of 4.0%[27]. - The company has plans for new product development and market expansion, although specific details were not disclosed in the report[9]. Other Financial Metrics - Cash and cash equivalents decreased to CNY 594,710,727.17 from CNY 807,151,275.92, representing a decline of approximately 26.4%[14]. - The company's cash and cash equivalents at the end of the reporting period were ¥543,586,459.71, down from ¥609,989,005.52, indicating a decrease of 10.9%[22]. - The ending balance of cash and cash equivalents was ¥467,011,709.31, down from ¥506,241,303.16 in the previous year[32]. - Financial expenses rose to ¥13,070,874.39 in 2025 from ¥3,675,074.25 in 2024, indicating a significant increase of 256.5%[19]. - The company reported investment income of ¥313,837,515.55 in 2025, a recovery from a loss of ¥11,983,113.81 in 2024[19]. - The company will not apply new accounting standards or interpretations starting from 2025[33].