MDK(SH:688079)2025-10-30 12:10Financial Performance - The company's operating revenue for the third quarter was ¥160,422,295.11, an increase of 26.91% compared to the same period last year[4]. - The total profit for the period was -¥41,716,324.39, with a year-to-date total profit of -¥104,336,742.12[4]. - The net profit attributable to shareholders was -¥31,131,365.67 for the quarter, and -¥81,766,200.11 year-to-date[4]. - Total operating revenue for the first three quarters of 2025 reached ¥451,134,135.53, a significant increase of 32.2% compared to ¥341,670,247.32 in the same period of 2024[20]. - Net loss for the first three quarters of 2025 was ¥83,224,832.21, compared to a net loss of ¥67,733,952.86 in the same period of 2024, reflecting a deterioration in profitability[21]. - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.21, compared to -¥0.16 in the same period of 2024, indicating a worsening earnings situation[22]. Research and Development - Research and development expenses totaled ¥34,576,056.76 for the quarter, representing 21.55% of operating revenue, an increase of 1.16 percentage points year-on-year[5]. - Research and development expenses increased to ¥100,906,161.33 in the first three quarters of 2025, up 32.3% from ¥76,365,917.87 in 2024, indicating a focus on innovation[20]. Assets and Liabilities - The company's total assets at the end of the period were ¥3,263,825,614.09, reflecting a 7.42% increase from the end of the previous year[5]. - The company's current assets reached RMB 474,606,755.55, up from RMB 412,152,468.02, indicating an increase of about 15.1%[16]. - The total liabilities increased to RMB 1,200,000,000.00, reflecting a rise from the previous period, although specific figures were not provided[15]. - Total liabilities increased to ¥1,921,873,202.26 in 2025 from ¥1,641,867,096.02 in 2024, indicating a rise in financial obligations[18]. - The company's total equity decreased to ¥1,341,952,411.83 in 2025 from ¥1,396,602,603.22 in 2024, reflecting a decline in shareholder value[18]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥97,452,480.95, an increase of 107.45% compared to the same period last year[8]. - Cash generated from operating activities was ¥434,283,553.43 for the first three quarters of 2025, compared to ¥299,591,844.11 in the same period of 2024, showing improved cash flow[24]. - Net cash flow from operating activities increased to $97,452,480.95, up from $46,975,614.85, representing a growth of 107.5% year-over-year[25]. - Total cash inflow from financing activities was $767,095,547.26, compared to $910,954,200.39 in the previous period, indicating a decrease of 15.7%[26]. - Cash and cash equivalents at the end of the period amounted to $135,750,574.57, compared to $192,625,310.11 at the end of the previous period, a decrease of 29.5%[26]. Shareholder Information - The company reported a total of 10,757 ordinary shareholders at the end of the reporting period[10]. - The largest shareholder, Hangzhou Meidike Self-Funded Investment Partnership, held 40.43% of the shares[10]. Expenses - The company experienced increased losses primarily due to higher depreciation, labor costs, and financial expenses[8]. - Total operating costs for the first three quarters of 2025 were ¥549,037,863.56, up 35.7% from ¥404,372,868.74 in the previous year[20]. - The company reported a significant increase in sales expenses, which rose to ¥7,812,790.59 in 2025 from ¥3,896,954.52 in 2024, suggesting increased marketing efforts[20].