ycec(SH:600248)2025-10-30 13:10Financial Performance - Total operating revenue for Q3 2025 was approximately CNY 29.90 billion, a decrease of 14.16% compared to the same period last year[4] - Total profit for Q3 2025 was approximately CNY 198.19 million, down 88.21% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was approximately CNY 69.26 million, a decline of 95.02% compared to the same period last year[4] - Basic earnings per share for Q3 2025 was CNY 0.0178, down 95.17% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 87.29 billion, a decrease of 14.3% compared to CNY 101.82 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 1.20 billion, a decline of 64.4% from CNY 3.36 billion in 2024[19] - The company's basic earnings per share for the first three quarters of 2025 was CNY 0.3031, compared to CNY 0.7890 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 344.95 billion, a decrease of 2.33% from the end of the previous year[5] - As of September 30, 2025, the total assets of the company amounted to CNY 344.95 billion, a decrease from CNY 353.19 billion as of December 31, 2024, reflecting a decline of approximately 2.5%[13] - The company's current assets totaled CNY 303.81 billion, down from CNY 311.53 billion, indicating a decrease of about 2.5%[14] - The total liabilities decreased to CNY 304.01 billion in 2025 from CNY 313.22 billion in 2024, reflecting a reduction of 2.5%[16] - The company's total liabilities were not explicitly stated, but current liabilities included short-term borrowings of CNY 17.53 billion, which remained relatively stable compared to CNY 17.51 billion in the previous year[14] Cash Flow - The net cash flow from operating activities for the year-to-date was approximately -CNY 3.78 billion[4] - Cash inflow from operating activities for the first three quarters of 2025 was approximately ¥97.28 billion, a decrease of 4.83% compared to ¥101.75 billion in the same period of 2024[22] - Net cash outflow from operating activities for the first three quarters of 2025 was approximately -¥3.78 billion, compared to -¥8.40 billion in the same period of 2024, indicating an improvement[23] - Total cash outflow from operating activities for the first three quarters of 2025 was approximately ¥101.05 billion, compared to ¥110.15 billion in the same period of 2024[23] Investments and Equity - The company reported a significant increase in non-recurring gains and losses, totaling approximately CNY 50.54 million for the current period[7] - The company has a long-term equity investment valued at CNY 3.44 billion, up from CNY 3.04 billion, representing an increase of approximately 13.5%[14] - The total equity attributable to shareholders increased to CNY 37.26 billion in 2025 from CNY 31.03 billion in 2024, representing a growth of 20.1%[16] - The company reported an investment income of CNY 76.27 million for the first three quarters of 2025, down from CNY 266.71 million in 2024[18] Operational Efficiency - The decline in profits was primarily attributed to reduced revenue and increased impairment provisions due to market conditions affecting the construction industry[8] - Research and development expenses for the first three quarters of 2025 were CNY 834.17 million, a decrease of 38.9% from CNY 1.36 billion in 2024[18] - The company reported a significant decrease in cash outflow related to employee payments, which was approximately ¥4.67 billion in 2025 compared to ¥5.11 billion in 2024[23] Future Outlook - The company plans to focus on market expansion and new product development to drive future growth[21] - The company aims to improve cash flow management in future quarters[21]