Chipsea(SH:688595)2025-10-30 12:45Financial Performance - In Q3 2025, the company achieved operating revenue of CNY 241.22 million, a year-on-year increase of 46.85%[3] - For the first three quarters of 2025, the company reported operating revenue of CNY 615.13 million, up 19.59% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was CNY -24.15 million, showing an improvement in loss by CNY 5.20 million year-on-year[5] - The net profit attributable to shareholders for the first three quarters of 2025 was CNY -62.98 million, a reduction in loss compared to the previous year[5] - Net loss for the first three quarters of 2025 was ¥60,882,393.82, compared to a net loss of ¥114,529,080.47 in the same period of 2024, showing an improvement of 46.8%[18] - The total comprehensive loss for the period was ¥58,489,999.29, compared to a loss of ¥114,529,080.47 in the same period last year, marking a 48.9% improvement[19] - The basic earnings per share for the period were -¥0.45, an improvement from -¥0.82 in the previous year[19] Research and Development - The company’s R&D expenditure for Q3 2025 was CNY 74.20 million, accounting for 30.76% of operating revenue, a decrease of 20.20 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2025 were ¥194,370,139.73, down from ¥212,576,680.14, a decrease of 8.6%[17] - The company continues to optimize its operational efficiency and cost structure, leading to improved performance despite ongoing R&D investments[5] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1.61 billion, down 5.07% from the end of the previous year[4] - Total current assets as of September 30, 2025, amount to ¥1,036,618,193.04, a decrease from ¥1,205,257,242.84 as of December 31, 2024[14] - The company's total liabilities decreased to ¥816,851,837.24 from ¥938,406,969.87, a reduction of 12.9%[16] - The equity attributable to shareholders increased to ¥788,716,159.78 from ¥755,402,007.25, reflecting a growth of 4.4%[16] Cash Flow - The company’s cash flow from operating activities for the year-to-date was CNY -57.38 million[3] - The net cash flow from operating activities was -¥57,383,475.76, an improvement from -¥122,453,949.77 in the first three quarters of 2024[20] - Total cash outflow from investment activities was ¥158,459,877.73, compared to ¥111,356,286.92 in the same period of 2024, resulting in a net cash flow from investment activities of -¥137,645,116.78[21] - Cash inflow from financing activities totaled ¥66,753,948.37, while cash outflow was ¥109,626,718.86, leading to a net cash flow from financing activities of -¥42,872,770.49[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,819[11] - The largest shareholder, Lu Guojian, holds 39,884,510 shares, representing 27.68% of total shares[12] Other Financial Metrics - The weighted average return on equity for Q3 2025 was -3.27%, compared to 5.26% in the same period last year[4] - The company reported a financial expense of ¥8,577,775.94, significantly higher than ¥867,497.49 in the previous year, indicating a substantial increase in interest costs[17] - The company’s contract liabilities increased to ¥2,458,317.52 from ¥2,307,123.57, reflecting a growth of 6.5%[15]