重庆四方新材股份有限公司 2025年第三季度报告

Core Viewpoint - The company reported a significant decline in its financial performance for the first nine months of 2025, with a notable drop in revenue and net profit compared to the previous year [5][12][23]. Financial Performance - For the period from January to September 2025, the company produced 252,310 cubic meters of ready-mixed concrete, a year-on-year decrease of 15.94% [5]. - The company achieved an operating income of 778 million yuan, down 24.18% year-on-year [5]. - The net profit attributable to the parent company was -35.76 million yuan, representing a year-on-year decline of 428.80% [5]. Price Trends - In the main urban area of Chongqing, the average tax-inclusive guidance price for ready-mixed concrete (C30 specification) was 299.22 yuan per cubic meter, a decrease of 28 yuan per cubic meter compared to the same period last year [5]. - The average tax-inclusive guidance price for 42.5-grade (bagged) cement was 375.56 yuan per ton, down 42.22 yuan per ton year-on-year [5]. - The average tax-inclusive guidance price for crushed stone was 77.78 yuan per ton, a decrease of 17.22 yuan per ton compared to the previous year [5]. Fund Utilization - As of September 30, 2025, the total amount of raised funds utilized (excluding interest) was 506.50 million yuan [5]. - The remaining amount of temporary supplementary working capital that has not yet matured and has not been repaid totaled 745 million yuan as of September 30, 2025 [5]. Asset Impairment - The company decided to recognize an asset impairment provision of 24.97 million yuan for the first nine months of 2025, reflecting the impact of the downturn in the construction industry [23][25]. - The impairment included provisions for accounts receivable and other receivables, with specific amounts detailed for each category [20][21][22]. Board Meeting and Resolutions - The company held its fourth board meeting on October 28, 2025, where it approved the third-quarter report and the asset impairment provision [11][12]. - The board confirmed that the financial report accurately reflects the company's financial status and complies with accounting standards [25]. Investor Communication - The company plans to hold an investor briefing on November 6, 2025, to discuss the third-quarter results and address investor questions [15][17].