Core Viewpoint - Jialituo, a leading company in the domestic data center temperature control sector, focuses on precision environmental control equipment and has a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Jialituo achieved revenue of 483 million yuan, ranking 13th among 17 companies in the industry [2] - The company's main business revenue breakdown includes precision air conditioning at 214 million yuan (66.60%), integrated room environment products at 81 million yuan (25.26%), maintenance services at 2 million yuan (6.52%), and other revenue at 521,200 yuan (1.62%) [2] - The net profit for the same period was -43.89 million yuan, ranking last in the industry [2] Group 2: Financial Ratios - As of Q3 2025, Jialituo's debt-to-asset ratio was 49.11%, higher than the previous year's 45.28% and above the industry average of 36.25% [3] - The gross profit margin for Q3 2025 was 14.09%, down from 26.31% in the previous year and below the industry average of 24.91% [3] Group 3: Executive Compensation - The chairman, He Genlin, received a salary of 569,200 yuan in 2024, an increase of 16,000 yuan from 2023 [4] - The general manager, Li Linda, also received a salary of 569,200 yuan in 2024, with the same increase as the chairman [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.74% to 44,900 [5] - The average number of circulating A-shares held per shareholder increased by 10.79% to 12,100 [5]

Core Insights - Despite revenue growth, the company has entered a loss position, facing intensified industry competition and internal transformation challenges [1][2] Group 1: Profitability Pressure - The most significant risk signal from the company's Q3 report is the substantial decline in profitability, shifting from profit in the previous year to a loss [2] - A notable reason for this situation is the significant drop in gross margin, driven by increased market competition leading to lower product sales prices, which compresses profit margins [2] - The growth rate of the company's main business costs has outpaced revenue growth, further eroding profits [2] - Increased expenses due to business expansion, including higher personnel costs from sales, R&D, and service staff, have added pressure on profitability [2] - The net cash flow from operating activities has shown a significant outflow, creating additional financial pressure for business operations and expansion [2] Group 2: Financial Structure Changes - The Q3 report indicates a rise in the company's debt levels, with a significant increase in short-term borrowings, which is concerning given the weakened profitability [3] - The asset structure has also changed, with improvements in cash reserves but a significant increase in fixed assets due to data center project transfers, impacting future depreciation burdens and profitability [3] - There is a noticeable decrease in the number of common stock shareholders, indicating a trend towards concentration of equity, with mixed signals from the capital market regarding the company's future prospects [3] Group 3: Market and Operational Challenges - The company faces challenges in balancing market expansion and internal management, needing to maintain revenue growth while controlling costs and improving profitability [3] - In the context of the ongoing development of the data center industry, the company's ability to adjust its business structure, control operating costs, and enhance operational efficiency will be crucial for overcoming current difficulties [3] - The company has a considerable order backlog, providing a foundation for future business development, but converting these orders into actual profits remains to be seen [3]

Core Points - The company reported a decline in net profit attributable to shareholders compared to the same period last year, primarily due to increased market competition leading to lower product sales prices and gross margin [4] - The company has a total order backlog of 1,022.30 million yuan as of September 30, 2025 [5] Financial Data - The financial statements for the third quarter are unaudited, and the report period refers to the three months from the beginning to the end of the quarter [3] - The company has confirmed that the financial information in the quarterly report is true, accurate, and complete, with no false records or major omissions [2] Non-Recurring Gains and Losses - The report indicates that non-recurring gains and losses are applicable, but specific details on significant non-recurring items are not provided [6] Shareholder Information - There are no changes in the number of shareholders or significant shareholders participating in the securities lending business compared to the previous period [8] Audit Opinion - The financial statements are unaudited, and the company has not undergone any mergers that would affect the reported net profit [9]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603912 证券简称：佳力图 转债代码：113597 转债简称：佳力转债 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 4、楷德悠云数据中心项目一期已经结项并结转固定资产，运维服务已逐步投入运营，导致项目营业成 本、折旧及管理费用增加。 截至2025年9月30日公司在手订单为 102,230.28 万元。 （二）非经常性损益项目和金额 （一）主要会计数据和财务指标 单位：元 币种：人民币 ■ 注："本报告期"指本季度初至本季度末3个月期间，下同。 报告期内，归属于上市公司股东的净利润较上年同期下降的原因主要系： 1、市场竞争激烈，报告期内 ...

Group 1 - The company reported a revenue of 483 million yuan for the first three quarters of 2025, representing a year-on-year growth of 6.32% [1] - The company experienced a net loss attributable to shareholders of 43.74 million yuan [1] - The company's net profit excluding non-recurring items was a loss of 55.41 million yuan [1] - The basic earnings per share were reported at -0.0807 yuan [1]

Group 1 - The company reported a revenue of 483 million yuan for the first three quarters of 2025, representing a year-on-year growth of 6.32% [1] - The company incurred a net loss attributable to shareholders of 43.74 million yuan [1] - The company's net profit excluding non-recurring items was a loss of 55.41 million yuan [1] - The basic earnings per share were -0.0807 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥162,490,297.38, a decrease of 23.32% compared to the same period last year[4] - The total profit for the quarter was -¥32,095,444.37, reflecting a significant decline of 8,653.10% year-over-year[4] - The net profit attributable to shareholders was -¥25,965,614.83, down 2,104.78% from the previous year[4] - Total net profit attributable to shareholders for the reporting period was -458.34 million RMB, primarily due to a decrease in gross margin and increased expenses[11] - The net profit for the first three quarters of 2025 was a loss of ¥43,892,297.96, compared to a profit of ¥12,300,608.49 in the same period of 2024[22] - The company's operating profit turned negative at -¥53,035,103.64, contrasting with a positive operating profit of ¥11,405,917.59 in the previous year[21] - The total net profit for the year-to-date was -572.79 million RMB, attributed to declining gross margins and rising costs[11] - Operating profit for the first three quarters of 2025 was a loss of ¥34.62 million, compared to a profit of ¥4.75 million in 2024[33] - Net profit for the first three quarters of 2025 was a loss of ¥25.63 million, while in 2024, the net profit was ¥10.61 million[33] Assets and Liabilities - The total assets increased by 8.36% to ¥3,534,984,461.52 compared to the end of the previous year[5] - Total assets as of September 30, 2025, included cash and cash equivalents of 944.18 million RMB, an increase from 684.50 million RMB at the end of 2024[16] - The total assets of the company amounted to ¥3,534,984,461.52, compared to ¥3,262,317,104.04 in the previous year, showing growth in asset base[19] - Current liabilities rose to ¥1,337,865,425.96 from ¥1,065,051,429.07, indicating increased short-term financial obligations[18] - Long-term borrowings were reported at ¥86,041,250.01, reflecting the company's financing strategy[18] - The total equity attributable to shareholders decreased to ¥1,798,413,928.02 from ¥1,885,134,876.20, indicating a decline in shareholder value[18] - The company's total equity decreased to CNY 1,762,813,888.60 from CNY 1,831,432,416.79, reflecting a decline of 3.7%[29] - Total liabilities increased to CNY 1,726,858,236.00 from CNY 1,340,926,934.39, representing a rise of 28.7%[29] Cash Flow - The cash flow from operating activities showed a net outflow of -¥128,988,049.03, a decline of 154.18% compared to the previous year[5] - Cash flow from operating activities for the reporting period was -154.18 million RMB, mainly due to changes in supplier settlement methods[11] - Operating cash inflow for the first three quarters of 2025 was CNY 597,414,609.67, an increase of 5.0% compared to CNY 568,747,352.59 in the same period of 2024[24] - Net cash outflow from operating activities was CNY -128,988,049.03, worsening from CNY -50,747,451.74 in the previous year[25] - Total cash inflow from investment activities reached CNY 3,043,341,285.82, significantly up from CNY 2,337,340,610.82 in 2024, marking a 30.2% increase[25] - Cash flow from investing activities showed a net outflow of ¥187.73 million in 2025, compared to a net outflow of ¥75.20 million in 2024[35] - Cash flow from financing activities generated a net inflow of ¥366.77 million in 2025, compared to ¥329.16 million in 2024[37] Shareholder Information - The company reported a total of 44,911 common shareholders at the end of the reporting period[13] - The largest shareholder, Nanjing Kaide Investment Co., Ltd., holds 156,635,373 shares, representing 28.91% of total shares[14] Research and Development - Research and development expenses increased to ¥45,044,412.87, up from ¥40,174,224.92, indicating a focus on innovation[20] - Research and development expenses increased to ¥38.62 million in 2025, up from ¥32.20 million in 2024, reflecting a 19.9% increase[32] Market Conditions - The company noted that increased competition led to a decline in product sales prices, impacting gross margins negatively[6] - Total operating costs increased to ¥550,682,906.44, up from ¥453,773,488.27, reflecting a significant rise in operating expenses[20] - Basic earnings per share for the reporting period was -458.67 RMB, reflecting lower net profit[11] - Diluted earnings per share for the reporting period was -449.09 RMB, indicating a decrease in profitability[11] - The basic earnings per share for the period was -¥0.08, down from ¥0.02 in the previous year, highlighting the impact of the net loss on shareholder returns[22]

Core Viewpoint - The company’s subsidiary, Fengbo Environment, is involved in the construction of a 2400-meter deep underground constant temperature and humidity laboratory project, showcasing the company's technical strength and engineering experience in precision environmental control [1] Group 1 - The project is designed and integrated by Fengbo Environment, highlighting the company's comprehensive solution capabilities [1] - The core equipment utilized in the project includes high-precision constant temperature and humidity units developed by the company [1] - The project encompasses multiple key modules, including a fresh air handling system, automation control system, electrical supporting system, and laboratory renovation works [1]

Core Viewpoint - The company, Jialitu (603912.SH), is actively involved in a significant project for constructing a 2400-meter deep underground constant temperature and humidity laboratory, showcasing its expertise in precision environmental control [1] Group 1: Project Involvement - The company's subsidiary, Fengbo Environment, is responsible for the overall design and system integration of the laboratory project [1] - The core equipment utilized in the project includes high-precision constant temperature and humidity units developed by the company [1] Group 2: Technical Capabilities - The project encompasses multiple critical modules, including a fresh air handling system, automation control system, electrical supporting system, and laboratory renovation works, reflecting the company's technical strength and engineering experience in the field [1] - Since its establishment, the company has focused on technological research and development in precision environmental control, particularly for data centers [1] Group 3: Service Offerings - The company provides stable, green, and energy-efficient integrated solutions and services, including energy-saving renovation services aimed at addressing high energy consumption issues in outdated data centers [1] - The company also offers operational maintenance services for data centers, leveraging its extensive experience accumulated over the years [1] Group 4: Clientele - The company's clients span various sectors, including government departments, telecommunications, finance, internet, healthcare, rail transportation, aviation, and energy [1] - Detailed information regarding the company's main products and typical case studies can be found in its periodic reports or on its official website [1]

Core Viewpoint - The company, Jialitu (603912.SH), is actively involved in a significant project for constructing a 2400-meter deep underground constant temperature and humidity laboratory, showcasing its technical strength and engineering experience in precision environmental control [1] Group 1: Project Involvement - The company's subsidiary, Fengbo Environment, is responsible for the overall design and system integration of the laboratory project [1] - The core equipment for the project includes high-precision constant temperature and humidity units developed by the company [1] Group 2: Technical Expertise - The company has focused on technology research and development in the precision environmental control sector since its establishment [1] - It provides integrated solutions and services that are stable, green, and energy-efficient, addressing high energy consumption issues in outdated data centers [1] Group 3: Clientele and Industry Reach - The company's clients span various sectors, including government, telecommunications, finance, internet, healthcare, rail transportation, aviation, and energy [1] - The company has accumulated extensive experience in products and technology over the years, with detailed information available in its periodic reports or on its official website [1]