CSSC-STC(SH:600072)2025-10-30 11:50Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,629,162,859.43, representing a year-on-year increase of 20.37%[4] - The total profit for the period was a loss of CNY 771,005,489.66, with a year-to-date loss of CNY 1,395,211,258.77[4] - The net profit attributable to shareholders was a loss of CNY 859,462,118.83 for the quarter, and a loss of CNY 1,433,652,024.56 year-to-date[4] - The net loss for the first three quarters of 2025 was ¥1,399,131,437.24, compared to a net profit of ¥4,637,144.82 in the same period of 2024[21] - The company recorded a total comprehensive loss of -¥1,399,482,534.18 for the first three quarters of 2025, compared to a comprehensive income of ¥7,502,040.29 in the same period of 2024[21] Cash Flow - The net cash flow from operating activities was a negative CNY 499,401,586.42 for the quarter, and a negative CNY 3,830,186,935.03 year-to-date[4] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $8.85 billion, an increase from $8.32 billion in the same period of 2024, representing a growth of 6.3%[24] - Net cash outflow from operating activities for the first three quarters of 2025 was approximately -$3.83 billion, compared to -$3.06 billion in 2024, indicating a deterioration of 25.3%[24] - Cash inflow from investment activities decreased significantly to approximately $275 million in 2025 from $2.43 billion in 2024, a decline of 88.7%[25] - Net cash outflow from investment activities for the first three quarters of 2025 was approximately -$1.15 billion, compared to -$46.69 million in 2024, showing a substantial increase in outflow[25] - Cash inflow from financing activities decreased to approximately $5.30 billion in 2025 from $8.44 billion in 2024, a decline of 37.5%[25] - Net cash outflow from financing activities for the first three quarters of 2025 was approximately -$333.52 million, contrasting with a net inflow of $3.97 billion in 2024[25] - The ending cash and cash equivalents balance for the first three quarters of 2025 was approximately $5.52 billion, down from $6.01 billion in 2024, a decrease of 8.1%[25] Assets and Liabilities - Total assets at the end of the period were CNY 47,587,791,588.07, a decrease of 1.07% compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥25,836,279,382.08, a decrease from ¥29,125,050,318.02 at the end of 2024[14] - The company's total liabilities amounted to ¥36,824,998,320.03, slightly up from ¥36,255,324,965.72 in the previous year[20] - The total equity attributable to shareholders decreased to ¥9,707,070,275.86 from ¥11,001,467,482.48, reflecting a decline of 11.8%[20] - The total liabilities and equity combined were ¥47,587,791,588.07, a slight decrease from ¥48,103,895,139.90 in the previous year[20] Shareholder Information - Total number of common shareholders at the end of the reporting period was 125,809[12] - The largest shareholder, China Shipbuilding Industry Group Co., Ltd., holds 275,204,726 shares, representing 18.31% of total shares[12] Operational Metrics - Total operating costs increased to ¥7,913,587,936.71, up 38.6% from ¥5,710,133,727.56 year-over-year[20] - The company reported an operating profit of -¥1,380,784,974.49, worsening from -¥16,464,127.24 in the same period last year[21] - Basic earnings per share for the current period were -¥0.9516, compared to -¥0.0469 in the previous year[22] - Research and development expenses for the first three quarters were ¥185,621,352.58, down 23.7% from ¥243,463,009.83 in the previous year[20] Employee Compensation - The company reported a significant increase of 1088.48% in payable employee compensation, indicating higher salary accruals during the period[10] - The company reported a significant increase in cash paid for employee compensation, totaling approximately $796 million in 2025, down from $897 million in 2024, a decrease of 11.3%[24]