Financial Performance - For the third quarter of 2025, SANY Heavy Industry reported a revenue of RMB 21,207,370, representing a year-on-year increase of 10.73% compared to RMB 19,152,505 in the same period last year[9] - The total profit for the same period was RMB 2,322,193, which is a significant increase of 50.88% from RMB 1,539,127 in the previous year[9] - Net profit attributable to shareholders of the listed company reached RMB 1,919,279, marking a 48.18% increase from RMB 1,295,202 year-on-year[9] - The basic earnings per share for the third quarter was RMB 0.2280, up 48.73% from RMB 0.1533 in the same quarter last year[9] - Total operating revenue for the first three quarters of 2025 reached RMB 66,104,144 thousand, an increase of 13.0% compared to RMB 58,360,802 thousand in the same period of 2024[27] - Operating profit for the first three quarters of 2025 was RMB 8,392,531 thousand, up 48.8% from RMB 5,645,269 thousand in the first three quarters of 2024[28] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was RMB 7,135,595 thousand, representing a 46.5% increase from RMB 4,867,964 thousand in the same period of 2024[28] - Basic earnings per share for the first three quarters of 2025 was RMB 0.8455, compared to RMB 0.5757 in the first three quarters of 2024, reflecting a growth of 47.0%[30] - The company reported a total comprehensive income of RMB 7,702,691 thousand for the first three quarters of 2025, compared to RMB 4,868,730 thousand in the same period of 2024, marking a significant increase of 58.0%[30] Assets and Liabilities - The total assets at the end of the reporting period were RMB 156,896,818, reflecting a 3.12% increase from RMB 152,145,076 at the end of the previous year[10] - The equity attributable to shareholders of the listed company was RMB 73,413,348, which is a 2.03% increase from RMB 71,953,244 at the end of the previous year[10] - Total current assets as of September 30, 2025, amount to 107,733,751 thousand RMB, an increase from 101,505,319 thousand RMB at the end of 2024[21] - Total non-current assets decreased to 49,163,067 thousand RMB from 50,639,757 thousand RMB[22] - Total liabilities as of September 30, 2025, amounted to RMB 82,360,539 thousand, an increase from RMB 79,143,477 thousand as of December 31, 2024[24] - Total current liabilities increased to 67,552,819 thousand RMB from 63,669,228 thousand RMB[23] - Short-term borrowings rose to 7,109,922 thousand RMB from 5,953,356 thousand RMB[23] - Accounts receivable increased to 27,317,858 thousand RMB from 25,516,530 thousand RMB[21] - Inventory as of September 30, 2025, is 21,018,757 thousand RMB, up from 19,947,981 thousand RMB[21] - The total assets and shareholders' equity as of September 30, 2025, were CNY 43,925,878 thousand and CNY 19,118,788 thousand, respectively, compared to CNY 47,362,883 thousand and CNY 22,708,356 thousand as of December 31, 2024[43] Cash Flow - Cash flow generated from operating activities for the year-to-date period was RMB 14,547,126, an increase of 17.55% compared to RMB 12,375,235 in the same period last year[9] - Operating cash inflow for the first three quarters of 2025 was CNY 74,663,936, an increase of 11.5% compared to CNY 67,121,813 in the same period of 2024[34] - Net cash outflow from operating activities was CNY 14,547,126 for the first three quarters of 2025, up from CNY 12,375,235 in 2024, reflecting a growth of 17.6%[35] - Cash inflow from investment activities totaled CNY 9,702,944, slightly down from CNY 9,779,493 in the previous year[36] - Net cash outflow from investment activities was CNY -8,492,013, compared to CNY -229,115 in the same period of 2024, indicating a significant increase in investment expenditures[36] - Cash inflow from financing activities was CNY 18,555,427, a decrease of 10.7% from CNY 20,798,887 in 2024[37] - Net cash outflow from financing activities was CNY -9,281,958, improving from CNY -11,541,280 in the previous year[37] Shareholder Information - Total number of common shareholders at the end of the reporting period is 452,943[17] - The largest shareholder, SANY Group Co., Ltd., holds 2,480,088,257 shares, representing 29.27% of total shares[18] - The company has a significant pledge of shares, with 422,627,942 shares pledged by the largest shareholder[17] Research and Development - Research and development expenses for the first three quarters of 2025 were RMB 3,385,844 thousand, slightly down from RMB 3,850,903 thousand in the same period of 2024, indicating a focus on cost management[28] - Research and development expenses for the first three quarters of 2025 were CNY 149,766 thousand, down 27.0% from CNY 205,253 thousand in the first three quarters of 2024[46] Financial Management - Non-recurring gains and losses for the year-to-date period totaled RMB 222,474, with significant contributions from government subsidies and other operational income[13] - The financial expenses for the first three quarters of 2025 showed a significant improvement, with a net financial expense of -RMB 622,126 thousand compared to RMB 277,624 thousand in the same period of 2024, indicating better financial management[28] - The company’s deferred income as of September 30, 2025, was RMB 2,418,516 thousand, an increase from RMB 2,347,376 thousand as of December 31, 2024, reflecting ongoing revenue recognition strategies[24]
三一重工(06031) - 2025 Q3 - 季度业绩