Novosense(SH:688052)2025-10-30 12:35Revenue and Profit - The company's revenue for the third quarter reached ¥841,887,284.13, representing a year-on-year increase of 62.81%[4] - The total profit for the period was a loss of ¥68,087,572.53, with a year-to-date loss of ¥157,689,030.24[4] - The net profit attributable to shareholders was a loss of ¥62,475,789.11 for the quarter, and a loss of ¥140,485,775.93 year-to-date[4] - Total operating revenue for the first three quarters of 2025 reached ¥2,365,552,063.25, a significant increase of 73.4% compared to ¥1,365,982,392.11 in the same period of 2024[19] - The net loss for the first three quarters of 2025 was ¥140,485,706.56, an improvement from a net loss of ¥407,703,477.74 in the same period of 2024[21] - The total comprehensive loss for the first three quarters of 2025 was ¥138,678,527.85, an improvement from a loss of ¥406,835,143.25 in the same period of 2024[21] Research and Development - Research and development expenses totaled ¥200,357,373.99, accounting for 23.80% of revenue, a decrease of 10.32 percentage points compared to the previous year[5] - Research and development expenses increased to ¥561,639,953.25, representing a rise of 13.3% from ¥495,661,908.26 year-over-year[19] - Research and development expenses increased to ¥553,116,829.05 in the first three quarters of 2025, up 17.8% from ¥469,663,751.57 in the same period of 2024[27] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥512,386,117.90 year-to-date, compared to -¥1,657.83 in the previous year[4] - Operating cash inflow for the first three quarters of 2025 reached ¥2,471,725,513.20, a significant increase from ¥1,446,052,919.36 in the same period of 2024, representing an increase of approximately 71.1%[22] - Net cash flow from operating activities turned negative at -¥512,386,117.90 for the first three quarters of 2025, compared to a positive cash flow of ¥32,890,938.56 in 2024[23] - Total cash and cash equivalents at the end of Q3 2025 were ¥619,861,445.38, down from ¥1,552,903,264.75 at the end of 2024, indicating a decrease of approximately 60%[23] - The company's net cash flow from operating activities for the first three quarters of 2025 was -¥642,781,144.39, compared to -¥4,740,612.50 in the first three quarters of 2024, indicating a worsening cash flow situation[29] - The company reported cash and cash equivalents of ¥408,419,106.19 at the end of the first three quarters of 2025, down from ¥1,406,718,883.60 at the end of the same period in 2024[30] Assets and Liabilities - Total assets increased slightly to ¥7,684,034,984.12, a change of 0.14% from the previous year[5] - Total current assets as of September 30, 2025, amount to ¥4,490,387,255.62, a decrease from ¥4,688,152,142.15 at the end of 2024[15] - Total liabilities amounted to ¥1,804,121,610.15, compared to ¥1,726,461,672.37 in the previous year, indicating a growth of 4.5%[20] - Total assets as of September 30, 2025, were ¥7,325,781,710.21, a slight increase from ¥7,248,069,939.10 at the end of 2024[26] - Current assets decreased to ¥4,298,347,141.59 in Q3 2025 from ¥4,497,809,234.20 in 2024, reflecting a decline of approximately 4.4%[25] - Total liabilities increased to ¥1,321,589,308.45 in Q3 2025 from ¥1,133,401,812.56 in 2024, marking an increase of about 16.6%[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,215[12] - The largest shareholder, Wang Shengyang, holds 15,487,920 shares, representing 10.87% of total shares[13] - The total number of shares held by the top 10 shareholders is significant, with the top three shareholders being Wang Shengyang, Sheng Yun, and Wang Yifeng, who are also acting in concert[13] Financial Performance Metrics - The weighted average return on equity improved by 1.26 percentage points to -1.06% for the quarter[5] - The company reported a basic and diluted earnings per share of -¥0.99 for the first three quarters of 2025, improving from -¥2.86 in the same period of 2024[21] - Other comprehensive income after tax for the first three quarters of 2025 was ¥1,807,178.71, compared to ¥868,334.49 in the previous year[21] - The company's financial expenses for the first three quarters of 2025 were ¥6,359,112.78, a significant change from a financial income of -¥24,805,892.45 in the same period of 2024[27] - The company recorded a total investment income of ¥25,346,134.55 in the first three quarters of 2025, slightly up from ¥24,828,391.89 in the same period of 2024[27] Inventory and Capital - Inventory has increased to ¥1,266,553,766.92 from ¥832,554,605.23[15] - The company reported a significant increase in inventory, which rose to ¥1,107,189,830.18 in Q3 2025 from ¥692,285,661.82 in 2024, representing an increase of about 60%[25] - The company's capital reserve rose to ¥6,235,590,477.99 in Q3 2025, compared to ¥6,164,127,766.70 in 2024, an increase of approximately 1.2%[26] Investment Activities - Cash inflow from investment activities for the first three quarters of 2025 was ¥7,163,569,250.80, slightly down from ¥7,987,336,977.12 in 2024, a decrease of about 10.3%[23] - Net cash flow from investment activities improved to ¥151,135,549.76 in 2025, compared to a negative cash flow of -¥147,690,607.68 in 2024[23] - The cash outflow from investing activities in the first three quarters of 2025 was ¥6,904,545,043.30, compared to ¥8,093,181,004.74 in the same period of 2024, indicating a decrease of 14.6%[30] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year of first implementation[31]