YASHA(SZ:002375) Shang Hai Zheng Quan Bao·2025-10-30 23:52Core Viewpoint - The company, Zhejiang Yasha Decoration Co., Ltd., has released its third-quarter report for 2025, ensuring the accuracy and completeness of the financial information disclosed [9][12]. Financial Data Summary - The company reported a 92.54% decrease in receivables financing compared to the beginning of the period, primarily due to a reduction in high-credit-rated bank acceptance bills [5]. - Prepayments increased by 62.02% compared to the beginning of the period, attributed to payments for materials and services [5]. - Other receivables rose by 39.85%, mainly due to payments for petty cash and guarantees [5]. - Construction in progress decreased by 93.87%, as projects were transferred to fixed assets [5]. - Contract liabilities fell by 30.76%, linked to a decrease in advance payments for projects [5]. - The net cash flow from operating activities increased by 31.02%, due to reduced cash payments for goods and taxes [5]. - The net cash flow from financing activities increased by 86.15%, as repayments of loans decreased compared to the previous year [5]. Impairment Losses - The company recognized a total of 12,124.50 million RMB in credit impairment losses and asset impairment losses for the period from January to September 2025, which is 40.06% of the net profit attributable to shareholders for the last audited fiscal year [15][16]. - The impairment losses were primarily due to assessments of receivables, inventories, and contract costs, reflecting a cautious accounting approach [17][19]. Shareholder Information - The company confirmed that there were no changes in the top ten shareholders or significant shareholders participating in the securities lending business [6]. Audit Status - The third-quarter financial report was not audited [3][7]. Other Important Matters - The company stated that there were no major projects signed in the third quarter that accounted for more than 10% of the audited revenue from the previous fiscal year [13].