SRBC(SH:600039)2025-10-30 13:20Financial Performance - The company's operating revenue for the third quarter reached ¥29,745,096,206.72, representing a year-on-year increase of 14.00%[5] - The total profit for the quarter was ¥3,041,355,164.04, reflecting a significant growth of 51.23% compared to the same period last year[5] - The net profit attributable to shareholders was ¥2,520,301,622.64, marking a 59.72% increase year-on-year[5] - The basic earnings per share for the quarter was ¥0.29, up by 61.11% from the previous year[6] - For the first three quarters of 2025, the company achieved an operating revenue of approximately RMB 73.281 billion, a year-on-year growth of 1.95%[16] - The net profit attributable to shareholders of the listed company was approximately RMB 5.300 billion, reflecting a year-on-year increase of 11.04%[16] - The earnings per share (EPS) was approximately RMB 0.61, up by 10.91% year-on-year[16] - Net profit for the first three quarters of 2025 was ¥5.33 billion, representing a 8.97% increase from ¥4.89 billion in 2024[24] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.61, compared to ¥0.55 in the same period of 2024[25] - The total comprehensive income for the first three quarters of 2025 was ¥5.31 billion, compared to ¥4.93 billion in 2024, marking an increase of 7.7%[25] Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to ¥254,943,860,185.48, an increase of 6.33% from the end of the previous year[6] - The total assets of the company reached approximately RMB 254.944 billion, a year-on-year increase of 6.33%[16] - As of September 30, 2025, the total assets of the company amounted to RMB 254.94 billion, an increase from RMB 239.77 billion at the end of 2024, reflecting a growth of approximately 6.3%[20] - The total liabilities of the company reached RMB 201.14 billion, compared to RMB 189.11 billion in the previous year, marking an increase of about 6.5%[22] - Total liabilities increased to 27,251,545,029.90 RMB from 20,727,837,093.81 RMB, reflecting a rise of approximately 31.5%[28] Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 60,504[13] - The top shareholder, Shudao Investment Group, holds 46.56% of the shares, with significant stakes from other state-owned entities[13] - The company's total equity reached RMB 53.80 billion, an increase from RMB 50.66 billion, representing a growth of approximately 4.2%[22] - The company's total equity decreased slightly to 8,695,590,645.00 RMB from 8,712,263,805.00 RMB, indicating a marginal decline in shareholder equity[28] - The company’s total equity decreased to CNY 23,385,754,164.24 from CNY 25,340,800,810.99 year-over-year[29] Cash Flow and Investments - The company reported a cash flow deficit from operating activities of ¥236,126,193.26 for the year-to-date period[6] - Cash inflow from operating activities totaled ¥72.13 billion in the first three quarters of 2025, an increase of 14.5% from ¥63.01 billion in 2024[25] - Cash paid for purchasing goods and services was ¥61.01 billion, compared to ¥56.79 billion in 2024, indicating a year-on-year increase of 7.9%[25] - The net cash flow from operating activities was -236,126,193.26 RMB, compared to -5,606,203,707.61 RMB in the previous year, indicating a significant improvement[26] - Total cash outflow from investing activities was 2,099,040,891.00 RMB, down from 5,234,134,202.86 RMB year-over-year, reflecting a reduction in investment expenditures[26] - Cash inflow from financing activities totaled 18,210,504,156.84 RMB, a decrease from 26,813,911,346.49 RMB in the previous year, primarily due to lower borrowings[26] Project and Market Expansion - The company has seen a steady increase in its order backlog, indicating strong market demand and project pipeline[10] - Strategic adjustments have been made, including the completion of the deconsolidation of Shudao Mining Group and Shudao Clean Energy Group, leading to a reduction in expenses and improved profit margins[11] - The company is actively expanding its project portfolio and accelerating the progress of ongoing projects, particularly in the highway construction sector[10] - The company secured a total of 380 new bidding projects during the reporting period, amounting to approximately RMB 97.2 billion, a year-on-year increase of 25.16%[17] - The company successfully won the bid for the Yuxi to Fengdu to Wulong Expressway project, marking a breakthrough in the construction of large-scale bridges[17] - The company has expanded its overseas market presence, signing its first affordable housing project in Kuwait and three irrigation restoration projects in Tanzania[17] - The company is actively progressing on overseas projects, including the commencement of construction on the Kuwait affordable housing project[19] Inventory and Receivables - Accounts receivable increased significantly to RMB 36.25 billion, up from RMB 27.07 billion, representing a growth of approximately 34.2%[20] - The company's inventory increased to RMB 7.69 billion from RMB 5.95 billion, reflecting a growth of approximately 29.3%[21] - The company's contract assets amounted to RMB 82.75 billion, up from RMB 79.49 billion, reflecting an increase of about 4.5%[21] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥1.46 billion, slightly up from ¥1.45 billion in 2024[23] - Financial expenses decreased significantly to ¥1.71 billion in 2025 from ¥2.25 billion in 2024, a reduction of approximately 24.0%[23] - The company reported an investment income of ¥20.27 million, which is an increase from ¥11.34 million in the previous year[24] - The company reported investment income of CNY 667,821,705.07, a 36.3% increase from CNY 489,803,145.78 in the previous year[29]