HYCAN HOLDINGS(SZ:002787) Zheng Quan Ri Bao Wang·2025-10-26 10:45Core Viewpoint - Suzhou Huayuan Holdings (002787) has reported significant improvements in profitability and cash flow for the first three quarters of 2025, alongside a strategic capital increase in its Singapore subsidiary to enhance its overseas market presence [1][2][3]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 1.775 billion yuan, with a net profit attributable to shareholders of 85.61 million yuan, marking a year-on-year increase of 45.91% [2]. - The company's non-recurring net profit reached 81.30 million yuan, reflecting a growth rate of 47.00%, while basic earnings per share rose to 0.25 yuan, up 38.89% from 0.18 yuan in the same period last year [2]. - Financial expenses decreased by 73.31% year-on-year, primarily due to reduced interest expenses following the maturity of convertible bonds, and credit impairment losses fell by 52.17%, indicating improved accounts receivable quality [2]. - The net cash flow from operating activities surged to 392 million yuan, a remarkable increase of 841.47% compared to the previous year, largely driven by the collection of bank acceptance bills [2]. Strategic Initiatives - The company announced a capital increase of 3.5 million USD for its wholly-owned subsidiary, Huayuan Packaging (Singapore) Co., Ltd., in collaboration with the related party Teakwood Development Ltd., which will result in a change in ownership from 100% to 60% [3]. - This capital increase is strategically significant as it aims to expand market share, enhance revenue scale, and improve market competitiveness, aligning with the company's overall development strategy [3]. - The Singapore subsidiary has shown promising growth, achieving operating revenue of 49.38 million yuan and a net profit of 616,800 yuan in the first three quarters of 2025, marking a transition from loss to profit [4].