STEC(SH:600820)2025-10-30 13:30Financial Performance - The company's operating revenue for Q3 2025 was approximately ¥12.37 billion, a decrease of 16.73% compared to ¥14.85 billion in the same period last year[3]. - Total profit for the quarter was approximately ¥622.06 million, down 29.64% from ¥881.99 million year-over-year[3]. - Net profit attributable to shareholders was approximately ¥482.81 million, representing a decline of 32.47% from ¥713.81 million in the previous year[3]. - Basic earnings per share for the quarter were ¥0.14, down 39.13% from ¥0.23 in the same quarter last year[4]. - The weighted average return on equity was 1.68%, a decrease of 0.72 percentage points compared to the previous year[4]. - Net profit for the first three quarters of 2025 was ¥1.23 billion, a decline of 23.8% from ¥1.62 billion in the same period of 2024[20]. - The basic earnings per share for the first three quarters of 2025 was ¥0.35, down from ¥0.48 in the same period of 2024[20]. Cash Flow - The net cash flow from operating activities decreased by 85.03%, dropping to approximately ¥357.49 million from ¥2.39 billion year-to-date[3][10]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 41.94 billion, a decrease of 7.3% compared to CNY 46.30 billion in the same period of 2024[21]. - The net cash flow from operating activities was CNY 357.49 million, significantly down from CNY 2.39 billion in the previous year, reflecting a decline of 85.0%[21]. - Total cash inflow from investment activities was CNY 2.58 billion, an increase of 31.5% from CNY 1.96 billion in the same period of 2024[22]. - The net cash flow from investment activities was CNY 353.51 million, down 50.3% from CNY 711.61 million in the previous year[22]. - Cash inflow from financing activities totaled CNY 27.30 billion, up 45.3% from CNY 18.81 billion in the same period of 2024[22]. - The net cash flow from financing activities was negative at CNY 3.59 billion, an improvement from a negative CNY 4.67 billion in the previous year[22]. - The ending balance of cash and cash equivalents was CNY 20.55 billion, an increase from CNY 19.47 billion at the end of the same period in 2024[22]. - The company received CNY 3.98 billion from investment absorption, which is a 91.0% increase compared to CNY 2.09 billion in the previous year[22]. - The company paid CNY 18.00 million to minority shareholders, compared to CNY 59.73 million in the previous year[22]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 40.81 billion, down 2.5% from CNY 45.09 billion in the same period of 2024[21]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥171.90 billion, a slight decrease of 0.49% from ¥172.74 billion at the end of the previous year[4]. - Total current assets amount to ¥97,329,150,594.54, a slight decrease from ¥98,540,407,523.87 in the previous period[14]. - Total liabilities include short-term borrowings of ¥10,038,305,012.31, an increase from ¥5,530,762,517.99[14]. - The company's total liabilities decreased to ¥129.99 billion in 2025 from ¥133.35 billion in 2024, reflecting a reduction of 2.7%[16]. - The total equity attributable to shareholders increased to ¥39.12 billion in 2025 from ¥34.64 billion in 2024, representing a growth of 12.8%[16]. - The deferred income tax liabilities decreased to ¥838.55 million in 2025 from ¥1.00 billion in 2024, a reduction of 16.2%[15]. - The company has a long-term equity investment valued at ¥6,106,308,180.72, down from ¥6,694,365,066.19[14]. - The company reported inventory of ¥1,475,199,468.59, an increase from ¥1,158,876,991.15[14]. - The company has a goodwill of ¥64,702,412.91, unchanged from the previous period[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 122,562[12]. - The largest shareholder, Shanghai Tunnel Engineering Group Co., Ltd., holds 1,021,598,422 shares, accounting for 32.49% of total shares[12]. Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[10].