Core Insights - The company reported a revenue of 7.387 billion yuan for the first three quarters of the year, representing a year-on-year increase of 22.06% [1] - Operating profit for the same period reached 666.5 million yuan, up 12.69% year-on-year [1] - In the third quarter alone, revenue was 2.686 billion yuan, showing a significant year-on-year growth of 32.54% [1] - The net profit attributable to shareholders in Q3 was 198 million yuan, reflecting a substantial year-on-year increase of 50.91% [1] - The company's gross margin has been steadily increasing, reaching 17.17% in Q3 [1] Financial Performance - Revenue for the first three quarters: 7.387 billion yuan, up 22.06% [1] - Operating profit for the first three quarters: 666.5 million yuan, up 12.69% [1] - Q3 revenue: 2.686 billion yuan, up 32.54% [1] - Q3 net profit: 198 million yuan, up 50.91% [1] - Q3 gross margin: 17.17% [1] Capacity Expansion and Investments - The company is expanding its capacity by integrating high-quality phosphate mining assets [1] - Acquired a 10% stake in Sichuan Development Tiansheng Mining Co., a subsidiary of the controlling shareholder [1] - The Xiaogou phosphate mine has a total discovered resource of 401 million tons and a designed production capacity of 5.5 million tons per year [1] - Investment of 366 million yuan in a 100,000 tons/year lithium dihydrogen phosphate project in the Deyang-Abaz ecological economic industrial park [1] Market Reaction - Following the announcement, the company's stock price opened higher, with an intraday increase of over 6% [1]

Macro Highlights - The main goals for the "14th Five-Year Plan" period include significant achievements in high-quality development, substantial improvement in technological self-reliance, breakthroughs in comprehensive reforms, enhanced social civilization, improved quality of life, major progress in building a beautiful China, and a more solid national security barrier [1] - By 2035, the aim is to significantly elevate China's economic, technological, defense, and comprehensive national strength, with per capita GDP reaching the level of moderately developed countries, leading to a happier and better life for the people and basic realization of socialist modernization [1] Trade Relations - The Ministry of Commerce announced that a Chinese delegation led by Vice Premier He Lifeng will engage in economic and trade consultations with the U.S. in Malaysia from October 24 to 27, focusing on important issues in Sino-U.S. economic relations [1] EU Sanctions Response - The Ministry of Commerce expressed strong dissatisfaction and firm opposition to the EU's decision to sanction Chinese companies, including large oil refineries and traders, during the 19th round of sanctions against Russia, emphasizing the need to protect the legitimate rights and interests of Chinese enterprises [2] State-Owned Enterprises Planning - The State-owned Assets Supervision and Administration Commission held a meeting to discuss the "14th Five-Year Plan" for central enterprises, emphasizing the need to align with the strategic mission assigned by the Party Central Committee and to enhance core functions and competitiveness [3] - The meeting highlighted the importance of optimizing layout and structural adjustments in line with national needs and industry trends, and improving the quality of planning through thorough research and unified thinking [3] Foreign Exchange Management - The Deputy Director of the State Administration of Foreign Exchange encouraged the implementation of innovative and integrated exploratory policies in Shanghai, focusing on the use of AI and big data to enhance foreign exchange services [4] - The aim is to improve the cross-border financial service capabilities of Shanghai while balancing financial openness and security [4] Company News - Huagong Technology reported a 40.92% year-on-year increase in net profit for the first three quarters and is planning to issue H-shares for listing in Hong Kong [8] - Yangjie Technology terminated its acquisition of 100% equity in Better Electronics [8] - Xinda Securities received approval for the issuance of up to 10 billion yuan in technology innovation corporate bonds [8] - Shuangliang Energy plans to raise no more than 1.292 billion yuan for projects related to zero-carbon intelligent manufacturing [8] - New Lai Materials' subsidiary plans to invest 2 billion yuan in semiconductor core component projects [8] - Chuanfa Longmang's subsidiary intends to invest 366 million yuan in a 100,000 tons/year lithium dihydrogen phosphate project [8] - Steel Research High-tech plans to establish a subsidiary and new industrial base in Saudi Arabia [8] - Aote Electronics intends to terminate the smart integration project for intelligent outlets [8] - Shengyi Electronics expects a year-on-year net profit increase of 476% to 519% for the first three quarters [8] - Other companies reported significant year-on-year net profit growth, including Tianeng Heavy Industry (1359.03%), Te Yi Pharmaceutical (985.18%), and Zhuanlei Technology (598.09%) [8][9]

2、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）声明：保证季度报告中财务 信息的真实、准确、完整。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002312 证券简称：川发龙蟒 公告编号：2025-060 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 3、第三季度财务会计报告是否经过审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 √适用 □不适用 单位：元 ■ 其他符合非经常性损益定义的损益项目的具体情况： □适用 √不适用 将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情况说明 □适用 √不适用 （三） 主要会计数据和财务指标发生变动的情况及原因 √适用 □不适用 单位：元 ■ 二、股东信息 ■ （二） 非经常性损益项目和金额 ...

Group 1: Company Performance - In the first nine months of 2023, the company achieved operating revenue of 7.387 billion yuan, a year-on-year increase of 22.06% [1] - The net profit for the same period was 437 million yuan, reflecting a year-on-year growth of 2.81% [1] - For the third quarter, the operating revenue reached 2.686 billion yuan, up 32.54% year-on-year, while net profit was 198 million yuan, marking a 50.91% increase [1] Group 2: Financial Activities - The company has been approved to issue medium-term notes totaling no more than 2.5 billion yuan, aimed at repaying interest-bearing debts, supplementing working capital, and project construction [1] - The first phase of the technology innovation bond issuance has been completed, with a total issuance of 500 million yuan at an interest rate of 2.08% [1] Group 3: Strategic Investments - The company has acquired a 10% stake in Sichuan Development Tiansheng Mining Co., a subsidiary of its controlling shareholder, to enhance its phosphate mining asset integration [1] - The acquired Xiaogou Phosphate Mine has a total identified phosphate rock resource of 401 million tons and a designed production capacity of 5.5 million tons per year [1] Group 4: New Project Development - The company’s wholly-owned subsidiary, Deyang Chuanfa Longmang New Materials Co., plans to invest 366 million yuan in a 100,000 tons/year lithium dihydrogen phosphate project [2] - This investment is aimed at strengthening the company's position in the new energy materials sector and promoting synergy between phosphate chemicals and new energy materials [2] Group 5: Industry Outlook - The lithium iron phosphate industry is currently experiencing a phase of oversupply, with expectations of further differentiation in enterprise operating rates [3] - Companies with advantages in the industrial chain, technology, and cost are likely to lead in the competitive market as industry upgrades and consolidations continue [3]

Group 1: 华夏银行 Financial Performance - In Q3 2025, 华夏银行 reported operating revenue of 19.36 billion yuan, a year-on-year decrease of 15.02% [1][2] - The net profit attributable to shareholders was 6.51 billion yuan, an increase of 7.62% year-on-year [1][2] - For the first three quarters, the bank's operating revenue was 64.88 billion yuan, down 8.79% year-on-year, while net profit decreased by 2.86% to 17.98 billion yuan [1][2] Group 2: 华夏银行 Key Financial Ratios - Basic earnings per share remained stable at 0.38 yuan for Q3 and 1.04 yuan for the first three quarters [2] - The weighted average return on equity was 1.98% in Q3, down 0.12 percentage points year-on-year [3] - The total assets at the end of the reporting period were 4.586 trillion yuan, an increase of 4.80% from the end of the previous year [2] Group 3: 不良贷款和拨备情况 - The non-performing loan ratio was 1.58%, a decrease of 0.02 percentage points from the end of the previous year [3] - The provision coverage ratio was 149.33%, down 12.56 percentage points year-on-year [3] - The loan provision ratio was 2.36%, a decrease of 0.23 percentage points from the end of the previous year [3] Group 4: 华工科技 Financial Performance - 华工科技 reported Q3 2025 operating revenue of 3.41 billion yuan, a decrease of 10.33% year-on-year, while net profit increased by 31.15% to 410 million yuan [4][5] - For the first three quarters, the company achieved operating revenue of 11.04 billion yuan, a year-on-year increase of 22.62%, and net profit of 1.32 billion yuan, up 40.92% [4][5] Group 5: 汇川技术 Financial Performance - 汇川技术 reported operating revenue of 316.63 billion yuan for the first three quarters, a year-on-year increase of 24.67%, with net profit rising by 26.84% to 42.54 billion yuan [6][7] - In Q3, the company achieved operating revenue of 111.53 billion yuan, up 21.05% year-on-year, and net profit of 12.86 billion yuan, an increase of 4.04% [6][7] Group 6: 宝丰能源 Financial Performance - 宝丰能源 reported operating revenue of 355.45 billion yuan for the first three quarters, a year-on-year increase of 46.43%, with net profit rising by 97.27% to 89.5 billion yuan [8][9] - In Q3, the company achieved operating revenue of 127.25 billion yuan, up 72.49% year-on-year, and net profit of 32.32 billion yuan, an increase of 162.34% [8][9] Group 7: 生益科技 Performance Forecast - 生益科技 expects net profit for the first three quarters of 2025 to be between 2.42 billion and 2.46 billion yuan, representing a year-on-year increase of 76% to 79% [10] - The increase is attributed to higher sales of copper-clad laminates and improved product structure [10] Group 8: 巨化股份 Financial Performance - 巨化股份 reported Q3 2025 operating revenue of 70.62 billion yuan, a year-on-year increase of 21.22%, with net profit rising by 186.55% to 11.97 billion yuan [11] - For the first three quarters, the company achieved operating revenue of 203.94 billion yuan, up 13.89%, and net profit of 32.48 billion yuan, an increase of 160.22% [11] Group 9: 电投能源 Financial Performance - 电投能源 reported Q3 operating revenue of 79.39 billion yuan, a year-on-year increase of 3.34%, while net profit decreased by 8.52% to 13.31 billion yuan [21][22] - For the first three quarters, the company achieved operating revenue of 224.03 billion yuan, up 2.72%, and net profit decreased by 6.40% to 41.18 billion yuan [21][22]

Core Insights - Sichuan Development Longmang Co., Ltd. reported a revenue of 7.387 billion yuan and a net profit of 437 million yuan for the first three quarters of 2025, showing growth in both metrics compared to the previous year [1] - In Q3 2025, the company achieved a revenue increase of 32.54% and a net profit increase of 50.91% year-on-year [1] Business Strategy - The company adheres to a development strategy focused on "scarce resources + core technology + industrial integration + advanced mechanisms," concentrating on the phosphate chemical main business [1] - Core products such as industrial-grade monoammonium phosphate and feed-grade dicalcium phosphate maintain industry-leading positions [1] - The company is building a multi-resource green circular economy industrial chain, focusing on projects related to iron phosphate and lithium iron phosphate [1] Asset Integration - During the reporting period, the company continued to integrate high-quality phosphate mine assets, acquiring a 10% stake in Sichuan Development Tiensheng Mining Co., Ltd., a subsidiary of its controlling shareholder [2] - The Xiaogou Phosphate Mine, associated with this acquisition, has a total discovered phosphate ore resource of 401 million tons and a designed production capacity of 5.5 million tons per year [2] New Projects - The company announced the investment in a 100,000 tons/year lithium dihydrogen phosphate project through its wholly-owned subsidiary, Deyang Chuanfa Longmang New Materials Co., Ltd. [2] - This project aims to leverage the company's advantages in resources, industry, and technology, optimizing product structure and enhancing the layout of new energy materials [2] Future Outlook - The company plans to maintain safety and environmental standards while optimizing its phosphate chemical main business and advancing new energy material projects [2] - The target for total revenue in 2025 is set at 8.38 billion yuan [2]

Core Viewpoint - The company plans to invest in a new lithium phosphate project to enhance its position in the new energy materials sector and promote synergy between phosphate chemicals and new energy materials [2] Group 1: Company Announcement - On October 23, the company announced the convening of its seventh board meeting to approve the investment in a 100,000 tons/year lithium dihydrogen phosphate project [2] - The total investment for the project is set at 366 million yuan [2] - The project will be located in the Deyang-Abazhou Ecological Economic Industrial Park in Mianzhu City, Sichuan Province [2] Group 2: Strategic Development - The investment aligns with the company's strategic development needs to strengthen its new energy materials business layout [2] - The project aims to facilitate the collaborative development of phosphate chemicals and new energy materials [2]

证券日报网讯 10月23日晚间，川发龙蟒发布2025年第三季度报告称，2025年第三季度公司实现营业收 入2，686，408，666.47元，同比增长32.54%；归属于上市公司股东的净利润为198，072，510.92元， 同比增长50.91%。 （文章来源：证券日报） ...

Major Events - Former Chairman of Beiyin Wealth Management, Fang Yi, has joined Huaxia Bank as Chief Risk Officer, pending regulatory approval [4] - Xilai Materials' subsidiary plans to invest 2 billion yuan in a semiconductor core component project, expected to generate over 1.5 billion yuan in annual output after reaching production [5][6] - Huatai Securities' subsidiary Huatai Futures has appointed Zhao Changtao as the new chairman [7] - Chuanfa Longmang's subsidiary plans to invest 366 million yuan in a 100,000 tons/year lithium dihydrogen phosphate project [8] - Huagong Technology is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] - Jiangsu Leili's actual controller has changed from Su Jianguo to both Su Jianguo and Su Da due to internal share transfers [10] - Electric Power Investment Energy has been unable to contact independent director Han Fang, but this does not affect the board's operation [11] - Qiaqia Food's subsidiary is establishing an investment company focused on the leisure food industry with a total investment of 4 billion yuan [12][13] - Steel Research High-tech plans to set up a wholly-owned subsidiary in Saudi Arabia with an investment of up to 138 million yuan [14] - Yangjie Technology has terminated the acquisition of 100% equity in Better Electronics due to differences in business types and management [15] Performance Reports - Youfa Group reported a 2320.53% increase in net profit for Q3, despite a 3.97% decline in revenue [16] - Zhuoyi Information's net profit increased by 2074.65% in Q3, with revenue growth of 2.52% [17] - North Navigation's Q3 net profit surged by 1681.27%, with a 52.12% increase in revenue [18] - Tianneng Heavy Industry's net profit grew by 1359.03% in Q3, driven by increased sales of tower tubes [19] - Te Yi Pharmaceutical's net profit rose by 985.18% in Q3, with significant growth in traditional Chinese medicine sales [20] - Hualgreen Bio's Q3 net profit increased by 619.37%, with a 35.24% rise in revenue [21] - Zhenlei Technology's net profit grew by 598.09% in Q3, supported by strong revenue growth [22] - Shengyi Electronics expects a net profit increase of 476% to 519% for the first three quarters of 2025 [23] - Glodon reported a 244.89% increase in Q3 net profit, despite a slight decline in revenue [24] - Yingli Co., Ltd. saw a 229.14% increase in Q3 net profit, with a 14.73% rise in revenue [25] - Guangkang Biochemical's Q3 net profit increased by 236.87%, despite a decline in revenue [26] - High-speed Electric's Q3 net profit rose by 242.35%, with a 44.51% increase in revenue [27] - Wide Special Materials reported a 213.65% increase in net profit for Q3, driven by improved gross margins [28] - Baofeng Energy's Q3 net profit increased by 162.34%, attributed to increased production capacity [29] - Sanfu Co., Ltd. reported a 162.25% increase in Q3 net profit, driven by improved profitability of potassium and silane products [30] - Wuku New Energy's Q3 net profit increased by 106.31%, despite a loss in the first three quarters [32] - Pioneering Technology's Q3 net profit grew by 94.01%, supported by a recovery in the household energy storage market [33] - Sanlife Guojian's net profit increased by 71.15% in Q3, driven by project collaboration and CDMO business growth [34] - BGI Genomics reported a loss of 120 million yuan in the first three quarters, despite revenue growth [35] - Rejing Bio reported a net loss of 10.9 million yuan in the first three quarters, impacted by industry policies [36] - Jiangshan Oupai reported a net loss of 51.58 million yuan in Q3, attributed to market downturns and increased competition [38] - Taiping Bird reported a net loss of 49.45 million yuan in Q3, due to declining revenue and increased inventory losses [39] - Zhongke Tongda reported a loss of 6.87 million yuan in the first three quarters, affected by project delays and market competition [40] - Wolong New Energy reported a loss of 579.7 thousand yuan in Q3, transitioning from profit to loss [41] Major Contracts - Jinggong Steel Structure signed a significant overseas project contract worth approximately 1.23 billion yuan [42][43] - New Beiyang's subsidiary won a 105 million yuan postal equipment outsourcing project [44] - Maipu Medical plans to sign product sales agency agreements with related parties, with estimated procurement amounts of 21.5 million yuan and 3.5 million yuan [45] Shareholding Changes - Yunlu Co., Ltd. shareholder Guo Keyun plans to reduce his stake by up to 3% [46] Financing - Xinda Securities has received approval from the CSRC to issue up to 10 billion yuan in technology innovation corporate bonds [47]

Core Viewpoint - Chuanfa Longmang reported growth in both revenue and net profit for the first three quarters of 2025, indicating a positive financial performance and strategic investments in the lithium phosphate sector [1][2]. Financial Performance - For the period from January to September, Chuanfa Longmang achieved a revenue of 7.387 billion yuan, a year-on-year increase of 22.06%, and a net profit of 437 million yuan, up 2.81% [1]. - In the third quarter alone, the company recorded a revenue of 2.686 billion yuan, representing a 32.54% year-on-year growth, and a net profit of 198 million yuan, which is a 50.91% increase [1]. Strategic Investments - The company has been approved to issue medium-term notes totaling up to 2.5 billion yuan, aimed at repaying debts, supplementing working capital, and funding project construction [1]. - Chuanfa Longmang has acquired a 10% stake in Sichuan Development Tiansheng Mining Co., a subsidiary of its controlling shareholder, which will enhance its asset integration strategy in the phosphate mining sector [1]. New Project Development - On October 23, the board approved an investment of 366 million yuan for a 10,000 tons/year lithium dihydrogen phosphate project, which will be funded through self-owned and raised funds [2]. - The project is expected to be completed within 12 months after obtaining the construction permit, aligning with the company's strategy to strengthen its position in the new energy materials sector [2]. Industry Context - The lithium iron phosphate industry is currently experiencing a phase of oversupply, leading to a differentiation in operational rates among companies, with lower-end capacities facing elimination [3]. - Chuanfa Longmang aims to leverage its advantages in resources, technology, and industry integration to enhance its competitive position in the evolving market [3]. - The demand for lithium dihydrogen phosphate is anticipated to grow significantly, driven by the increasing need for high-performance lithium iron phosphate products in the energy storage and electric vehicle sectors [3].