2025-11-13 10:00Financial Performance - In Q3 2025, the company achieved revenue of RMB 17.162 billion, a quarter-on-quarter increase of 6.9%[3] - For the first three quarters of 2025, the company reported revenue of RMB 49.510 billion, an 18.2% increase year-on-year[5] - The total profit for Q3 2025 was RMB 2.557 billion, a 47.9% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was RMB 1.517 billion, reflecting a year-on-year growth of 43.1%[5] - Total revenue for the first three quarters of 2025 reached RMB 49,510,416 thousand, an increase of 18.9% compared to RMB 41,878,720 thousand in the same period of 2024[25] - Operating profit for the first three quarters of 2025 was RMB 6,189,760 thousand, compared to RMB 3,552,445 thousand in 2024, representing a significant increase of 74.0%[25] - The company reported a net profit of RMB 5,770,359 thousand for the first three quarters of 2025, compared to RMB 3,232,660 thousand in 2024, marking an increase of 78.5%[25] - Net profit for the first three quarters of 2025 reached CNY 5,770,359 thousand, a significant increase from CNY 3,232,660 thousand in the same period of 2024, representing a growth of approximately 78.8%[26] - The net profit attributable to shareholders of the parent company was CNY 3,818,071 thousand, up from CNY 2,706,192 thousand in 2024, marking an increase of about 41.2%[26] - Total comprehensive income for the first three quarters of 2025 was CNY 3,658,625 thousand, compared to CNY 1,143,034 thousand in 2024, indicating a growth of approximately 219.5%[26] Margins and Utilization - The gross margin for Q3 2025 was 25.5%, up 4.8 percentage points from the previous quarter[3] - The capacity utilization rate increased to 95.8%, a rise of 3.3 percentage points quarter-on-quarter[3] - The company expects Q4 2025 revenue to remain flat to grow by 2% quarter-on-quarter, with a gross margin guidance of 18% to 20%[4] Research and Development - The R&D expenditure for Q3 2025 was RMB 1.447 billion, accounting for 8.4% of revenue, an increase of 0.2 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were RMB 3,822,453 thousand, slightly down from RMB 3,895,213 thousand in the same period of 2024[25] Cash Flow and Assets - The company's cash and cash equivalents decreased to RMB 28,362,576 thousand as of September 30, 2025, down from RMB 48,029,335 thousand at the end of 2024[21] - Cash inflow from operating activities totaled CNY 52,107,168 thousand, compared to CNY 48,441,439 thousand in 2024, reflecting an increase of about 13.7%[29] - Cash outflow from investing activities was CNY 55,284,328 thousand in 2025, compared to CNY 54,802,076 thousand in 2024, indicating a slight increase of 0.9%[30] - The cash and cash equivalents at the end of the period were CNY 24,751,153 thousand, down from CNY 25,596,576 thousand in 2024, a decrease of approximately 3.3%[30] Shareholder Information - The company has issued a total of 7,999,709,148 shares, with 6,000,146,599 shares listed on the Hong Kong Stock Exchange, accounting for 75.00% of the total share capital[17] - The top shareholder, HKSCC NOMINEES LIMITED, holds 60.77% of the shares, totaling 4,861,299,784 shares[16] - The total number of ordinary shareholders at the end of the reporting period is 336,231, with 325,962 being A-share holders[16] Liabilities and Equity - Total liabilities decreased to RMB 116,231,851 thousand as of September 30, 2025, from RMB 124,307,508 thousand at the end of 2024, a reduction of 6.5%[23] - Shareholders' equity increased to RMB 235,136,565 thousand as of September 30, 2025, compared to RMB 229,107,788 thousand at the end of 2024, reflecting a growth of 2.6%[23] Other Financial Metrics - The total non-recurring gains and losses for the current period amount to CNY 244,059,000, with a year-to-date total of CNY 641,200,000[10] - The investment income from joint ventures and associates attributable to the group is CNY 5,923,000 for the year-to-date[11] - The company reported a decrease in net profit of CNY 145,549,000 due to passive dilution from joint ventures under international financial reporting standards[13] - The fair value changes of financial assets held by joint ventures and associates are not specified in the current report[11] - The company received government subsidies closely related to its normal business operations amounting to CNY 182,045,000 for the current period[10]