Group 1 - The core point of the article is that Maoshuo Power held its 10th temporary board meeting for 2025 on October 16, 2025, to review the third-quarter report proposal and other documents [1] - For the first half of 2025, Maoshuo Power's revenue composition was as follows: 95.73% from the manufacturing of computers, communications, and other electronic devices, 2.57% from photovoltaic power generation, 1.2% from other businesses, and 0.5% from energy storage [1] - As of the report date, Maoshuo Power's market capitalization was 3.5 billion yuan [1]

Core Viewpoint - Maoshuo Power announced a total provision for credit impairment and asset impairment of 29.1461 million yuan for the period from January to September 2025, which will reduce the total profit by the same amount and net profit by 24.4418 million yuan [1] Financial Performance - For the first half of 2025, Maoshuo Power's revenue composition is as follows: 95.73% from the manufacturing of computers, communications, and other electronic equipment; 2.57% from photovoltaic power generation; 1.2% from other businesses; and 0.5% from energy storage [1] Market Position - As of the report date, Maoshuo Power has a market capitalization of 3.5 billion yuan [1]

Core Viewpoint - Maoshuo Power (002660.SZ) reported a revenue of 945 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.95% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 57.92 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 65.56 million yuan [1] - The basic loss per share was 0.1624 yuan [1]

Core Viewpoint - Maoshuo Power (002660.SZ) reported a revenue of 945 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.95% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 57.92 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 65.56 million yuan [1] - The basic loss per share was 0.1624 yuan [1]

证券代码：002660 证券简称：茂硕电源 公告编号：2025-076 茂硕电源科技股份有限公司 关于计提信用减值准备和资产减值准备的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、本次计提信用减值准备和资产减值准备情况概述 根据《企业会计准则》、《深圳证券交易所股票上市规则》及茂硕电源科技 股份有限公司（以下简称"公司"或"茂硕电源"）会计政策相关规定，为真实、 准确地反映公司资产状况和财务状况，公司对截止 2025 年 9 月 30 日合并报表范 围内应收票据、应收账款、其他应收款、存货、固定资产等资产进行了减值测试， 本着谨慎性原则，拟对可能发生减值损失的相关资产计提减值准备，2025 年 1 月至 2025 年 9 月拟计提各类资产减值准备金额合计 2,914.61 万元。具体明细如 下： 二、本次计提信用减值准备和资产减值准备对公司的影响 2025 年 1 月至 9 月公司计提信用减值准备、资产减值准备合计 2,914.61 万 元，影响 2025 年 1 月至 9 月利润总额减少 2,914.61 万元，净利润减少 2,444.18 万元 ...

关于公司及子公司向银行申请授信 及提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、申请授信的情况概述 2、公司拟向中国邮政储蓄银行股份有限公司深圳龙华区支行申请金额为人 民币不超过 10,000 万元的综合授信额度，公司授信由深圳茂硕电子科技有限公 司（以下简称"茂硕电子"）提供连带责任保证担保，期限 1 年。 3、公司拟向宁波银行股份有限公司深圳分行申请金额为不超过人民币 10,000 万元的综合授信额度。额度由公司及子公司惠州茂硕共同使用，其中惠 州茂硕额度不超过 5,000 万元，公司授信由惠州茂硕、茂硕电子提供连带责任保 证担保，子公司授信由公司提供连带责任保证担保，期限 1 年。 证券代码：002660 证券简称：茂硕电源 公告编号：2025-075 茂硕电源科技股份有限公司 为满足茂硕电源科技股份有限公司（以下简称"公司"）及相关子公司经营 管理及发展的需要，经研究决定，公司拟向银行申请综合授信额度，具体如下： 1、公司拟向浦发银行股份有限公司深圳分行申请金额为不超过人民币 25,000 万元的综合授信额度。额度由公司及子公司惠 ...

证券代码：002660 证券简称：茂硕电源 公告编号：2025-077 茂硕电源科技股份有限公司 关于召开 2025 年第 3 次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第 3 次临时股东大会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上 市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： 6、会议的股权登记日：2025 年 10 月 27 日 7、出席对象： （1）在股权登记日持有公司股份的股东或其代理人于股权登记日下午收市时在中国 证券登记结算有限公司深圳分公司登记在册的公司全体股东均有权出席股东大会，并可以 以书面形式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东； （2）公司董事、监事和高级管理人员； （3）公司聘请的律师。 8、会议地点：深圳市南山区西丽茂硕科技园（松白路 1061 号）5 楼 ...

一、监事会会议召开情况 证券代码：002660 证券简称：茂硕电源 公告编号：2025-073 茂硕电源科技股份有限公司 第六届监事会 2025 年第 3 次临时会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 茂硕电源科技股份有限公司（以下简称"公司"）第六届监事会2025年第3次 临时会议通知已于2025年10月11日以电子邮件等方式送达各位监事。会议于 2025年10月16日在公司会议室召开。本次会议应当出席监事3名，实际出席监事 3名。会议由监事会主席蔡科辛先生主持，会议的召开符合《公司法》和《公司 章程》的规定。 二、监事会会议审议情况 1、审议通过《关于公司2025年第三季度报告的议案》 经核查，公司《2025年第三季度报告》的编制程序符合法律、法规和中国 证监会的有关规定，报告内容真实、准确、完整地反映了公司2025年第三季度 经营的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。具体内容详 见公司同日披露于巨潮资讯网站（http://www.cninfo.com.cn）的公告。 1、经与会监事签字并加盖监事会印章的监事会决议； ...

证券代码：002660 证券简称：茂硕电源 公告编号：2025-072 茂硕电源科技股份有限公司 第六届董事会2025年第10次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 茂硕电源科技股份有限公司（以下简称"公司"）第六届董事会2025年第10 次临时会议通知已于2025年10月11日以电子邮件等方式送达全体董事。会议于 2025年10月16日以现场及通讯表决方式召开。本次会议应参加董事8名，实际参 加董事8名。会议由董事长傅亮先生主持，会议的召开符合《公司法》和《公司 章程》的规定。 二、董事会会议审议情况 1、审议通过《关于公司 2025 年第三季度报告的议案》 经核查，公司《2025 年第三季度报告》的编制程序符合法律、法规和中国 证监会的有关规定，报告内容真实、准确、完整地反映了公司 2025 年第三季度 经营的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。具体内容详 见公司同日披露于巨潮资讯网站（http://www.cninfo.com.cn）的公告。 本议案无需提交股东大会审议。 2、审议通过 ...

[Report Overview](index=1&type=section&id=报告概览) This section provides an overview of the report, including important disclaimers and audit status [Important Notice and Disclaimer](index=1&type=section&id=重要提示与声明) The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report, with financial information affirmed by key financial personnel - Board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and bear individual and joint legal liabilities[3](index=3&type=chunk) - Company's principal, head of accounting, and head of accounting department declare the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3](index=3&type=chunk) [Audit Status](index=1&type=section&id=审计情况) The financial accounting report for this reporting period is unaudited - The third-quarter financial accounting report is unaudited[4](index=4&type=chunk) [Key Financial Data](index=2&type=section&id=一、主要财务数据) This section presents the company's key financial performance indicators for the quarter and year-to-date [Key Accounting Data and Financial Indicators](index=2&type=section&id=（一）%20主要会计数据和财务指标) The company's Q3 2025 and year-to-date financial performance shows slight revenue growth year-to-date, but significant net losses attributable to shareholders and non-recurring items, leading to substantial declines in EPS and ROE, while operating cash flow increased significantly 2025 Q3 and Year-to-Date Key Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | Current Period YoY Change | Year-to-Date (CNY) | Year-to-Date YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 292,839,966.47 | -9.88% | 945,195,713.14 | 2.95% | | Net Profit Attributable to Listed Company Shareholders | -35,391,058.80 | -811.46% | -57,920,920.52 | -252.32% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Gains/Losses) | -38,157,114.74 | -2,454.99% | -65,563,108.22 | -318.80% | | Net Cash Flow from Operating Activities | — | — | 24,660,253.23 | 48.02% | | Basic Earnings Per Share (CNY/share) | -0.0992 | -813.67% | -0.1624 | -252.35% | | Diluted Earnings Per Share (CNY/share) | -0.0992 | -813.67% | -0.1624 | -252.35% | | Weighted Average Return on Net Assets | -2.90% | -3.29% | -4.57% | -7.53% | | **Period-End Indicators** | **Current Period-End (CNY)** | **Previous Year-End (CNY)** | **Current Period-End vs. Previous Year-End Change** | | | Total Assets | 1,955,647,223.00 | 1,961,039,473.29 | -0.27% | | | Owner's Equity Attributable to Listed Company Shareholders | 1,201,889,410.25 | 1,296,965,807.63 | -7.33% | | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=（二）%20非经常性损益项目和金额) The company's non-recurring gains and losses totaled **CNY 2,766,055.94** for the current period and **CNY 7,642,187.70** year-to-date, primarily from government subsidies, fair value changes of financial assets, and other non-operating income, offset by minor non-current asset disposal losses Non-recurring Gains and Losses Items and Amounts (Unit: CNY) | Item | Current Period Amount | Year-to-Date Amount | Explanation | | :--- | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -22,374.63 | -96,705.84 | Primarily due to the company's disposal of fixed assets | | Government Subsidies Included in Current Profit/Loss | 1,525,461.41 | 4,115,455.68 | Primarily export insurance subsidies, government interest subsidies, and amortization of deferred income from past enterprise technology upgrade and renovation projects | | Gains/Losses from Fair Value Changes of Financial Assets and Liabilities Held by Non-financial Enterprises, and Gains/Losses from Disposal of Financial Assets and Liabilities | 1,951,114.26 | 4,954,408.94 | Primarily income from wealth management products and fair value changes | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 0.00 | 100,000.00 | Primarily due to recovery of accounts receivable for which full bad debt provisions had been made | | Debt Restructuring Gains/Losses | 0.00 | 39,251.13 | Primarily due to debt forgiveness for company payables | | Other Non-operating Income and Expenses Apart from the Above | 72,901.30 | 366,445.29 | Primarily long-aged accounts cleared and transferred to non-operating income | | Less: Income Tax Impact | 802,166.06 | 1,821,482.80 | | | Impact on Minority Interests (After Tax) | -41,119.66 | 15,184.70 | | | Total | 2,766,055.94 | 7,642,187.70 | -- | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=（三）%20主要会计数据和财务指标发生变动的情况及原因) Significant changes in financial indicators include substantial increases in trading financial assets, notes receivable, prepayments, and deferred income tax assets, alongside notable increases in short-term borrowings, notes payable, and other payables, reflecting increased financing needs and settlement adjustments, while investment income rose, fair value change income declined, and credit and asset impairment losses surged due to increased inventory write-downs and expected credit losses, leading to reduced retained earnings and minority interests from losses, with cash flow from operating activities and recovery of investments increasing, and cash paid for fixed asset purchases and other investment activities also rising Changes and Reasons for Key Accounting Data and Financial Indicators (Unit: CNY 10,000) | No. | Item | Period-End Balance/Current Year Amount | Period-Beginning Balance/Previous Year Amount | Change Amount | Change Percentage | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Trading Financial Assets | 27,587.31 | 19,914.53 | 7,672.78 | 38.53% | Primarily due to increased purchases of structured deposits and other wealth management products in the current period | | 2 | Notes Receivable | 9,202.70 | 5,692.03 | 3,510.67 | 61.68% | Primarily due to an increase in unexpired notes held at the end of the current period | | 4 | Deferred Income Tax Assets | 6,842.39 | 4,374.40 | 2,467.99 | 56.42% | Primarily due to an increase in deductible losses in the current period | | 5 | Short-term Borrowings | 6,765.68 | 4,603.35 | 2,162.33 | 46.97% | Primarily due to increased letter of credit financing and bank short-term borrowings in the current period | | 7 | Notes Payable | 14,831.98 | 9,819.44 | 5,012.54 | 51.05% | Primarily due to adjustment of settlement methods with suppliers in the current period | | 11 | Retained Earnings | 12,115.58 | 21,473.93 | -9,358.35 | -43.58% | Primarily due to losses incurred in the current period | | 12 | Minority Interests | -430.75 | 696.87 | -1,127.62 | -161.81% | Primarily due to losses incurred by non-wholly owned subsidiaries in the current period | | 15 | Investment Income (Losses indicated by "-") | 457.95 | 264.66 | 193.29 | 73.03% | Primarily due to increased income from matured wealth management products in the current period | | 16 | Fair Value Change Income (Losses indicated by "-") | 54.34 | 478.65 | -424.31 | -88.65% | Primarily due to fair value changes of unexpired wealth management products and forward foreign exchange contracts in the current period | | 17 | Credit Impairment Losses (Losses indicated by "-") | -575.58 | -52.18 | 523.40 | 1003.07% | Primarily due to increased provision for expected credit losses on accounts receivable in the current period | | 18 | Asset Impairment Losses (Losses indicated by "-") | -2,339.03 | 28.78 | 2,367.81 | 8227.28% | Primarily due to increased provision for inventory depreciation in the current period | | 21 | Cash Received Related to Other Operating Activities | 2,351.02 | 1,057.36 | 1,293.66 | 122.35% | Primarily due to increased receipt of intercompany balances in the current period | | 24 | Cash Received from Recovery of Investments | 40,882.88 | 30,029.30 | 10,853.58 | 36.14% | Primarily due to recovery of matured large-denomination certificates of deposit and other wealth management products in the current period | | 26 | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 2,869.90 | 1,719.42 | 1,150.48 | 66.91% | Primarily due to increased asset purchases for Vietnam factory expansion and manufacturing center equipment upgrades in the current period | | 27 | Cash Paid Related to Other Investing Activities | 977.72 | 98.63 | 879.09 | 891.30% | Primarily due to increased margin for forward foreign exchange contracts in the current period | [Shareholder Information](index=4&type=section&id=二、股东信息) This section details the total number of common shareholders and the shareholding structure of the top ten shareholders [Total Number of Common Shareholders and Top Ten Shareholders' Shareholding](index=4&type=section&id=（一）%20普通股股东总数和表决权恢复的优先股股东数量及前十名股东持股情况表) As of the end of the reporting period, the company had **37,414** common shareholders, with Jinan Chanfa Technology Group Co., Ltd. as the controlling shareholder, holding **35.77%** and forming a concerted action with Jinan Energy Investment Co., Ltd., totaling **43.46%** of shares, with some controlling shareholder shares pledged - Total common shareholders at the end of the reporting period was **37,414**[11](index=11&type=chunk) Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Shares with Restricted Sales Conditions | Pledged, Marked, or Frozen Status (Share Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jinan Chanfa Technology Group Co., Ltd. | State-owned Legal Person | 35.77% | 127,562,383 | 0 | Pledged/63,781,100 | | Jinan Energy Investment Co., Ltd. | State-owned Legal Person | 7.69% | 27,432,771 | 0 | Not applicable/0 | | Gu Yongde | Domestic Natural Person | 4.10% | 14,619,568 | 13,639,309 | Not applicable/0 | | Fang Xiaoqiu | Domestic Natural Person | 0.56% | 2,012,803 | 0 | Pledged/2,012,800 | - Jinan Chanfa Technology Group Co., Ltd. is the controlling shareholder, acting in concert with Jinan Energy Investment Co., Ltd., jointly holding **43.46%** of the company's shares[12](index=12&type=chunk) [Preferred Shareholder Information](index=5&type=section&id=（二）%20公司优先股股东总数及前%2010%20名优先股股东持股情况表) The company has no preferred shareholders - The company has no preferred shareholders[13](index=13&type=chunk) [Other Important Matters](index=5&type=section&id=三、其他重要事项) There are no other important matters to disclose for this reporting period - The company has no other important matters[13](index=13&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=四、季度财务报表) This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the quarter [Consolidated Balance Sheet](index=6&type=section&id=1、合并资产负债表) As of September 30, 2025, total assets were **CNY 1,955,647,223.00**, slightly down from the beginning of the period, with significant increases in trading financial assets and notes receivable, decreases in cash, accounts receivable, and inventory, and a substantial rise in deferred income tax assets, while total current liabilities increased significantly driven by short-term borrowings, notes payable, other payables, and non-current liabilities due within one year, and total owner's equity decreased due to reduced retained earnings from losses and negative minority interests Consolidated Balance Sheet Key Data (Unit: CNY) | Item | Period-End Balance | Period-Beginning Balance | | :--- | :--- | :--- | | **Assets** | | | | Cash and Cash Equivalents | 316,282,009.38 | 399,566,129.93 | | Trading Financial Assets | 275,873,083.38 | 199,145,293.43 | | Notes Receivable | 92,027,046.38 | 56,920,267.08 | | Accounts Receivable | 469,039,054.91 | 517,767,863.74 | | Inventories | 162,013,424.91 | 183,869,139.07 | | Deferred Income Tax Assets | 68,423,851.88 | 43,744,017.93 | | Total Assets | 1,955,647,223.00 | 1,961,039,473.29 | | **Liabilities** | | | | Short-term Borrowings | 67,656,767.37 | 46,033,458.37 | | Notes Payable | 148,319,783.17 | 98,194,419.79 | | Other Payables | 32,706,441.24 | 22,687,334.81 | | Non-current Liabilities Due Within One Year | 28,202,830.18 | 15,767,356.37 | | Total Current Liabilities | 733,002,957.31 | 625,560,688.32 | | Total Liabilities | 758,065,308.66 | 657,104,952.02 | | **Owner's Equity** | | | | Retained Earnings | 121,155,773.93 | 214,739,296.35 | | Minority Interests | -4,307,495.91 | 6,968,713.64 | | Total Owner's Equity | 1,197,581,914.34 | 1,303,934,521.27 | [Consolidated Income Statement from Year-Beginning to End of Reporting Period](index=8&type=section&id=2、合并年初到报告期末利润表) Year-to-date total operating revenue increased by **2.95%** to **CNY 945 million**, but total operating costs rose more sharply, turning operating profit into a loss, with net profit and net profit attributable to parent company shareholders both showing significant losses of **CNY -69,249,442.25** and **CNY -57,920,920.52** respectively, primarily due to higher operating costs, increased credit and asset impairment losses, and a substantial decline in fair value change income Consolidated Income Statement Key Data from Year-Beginning to End of Reporting Period (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 945,195,713.14 | 918,122,527.63 | | Total Operating Costs | 1,016,529,569.89 | 908,260,372.88 | | Operating Costs | 801,632,979.17 | 687,578,148.66 | | Investment Income (Losses indicated by "-") | 4,579,503.76 | 2,646,553.37 | | Fair Value Change Income (Losses indicated by "-") | 543,394.61 | 4,786,507.00 | | Credit Impairment Losses (Losses indicated by "-") | -5,755,811.89 | -521,788.15 | | Asset Impairment Losses (Losses indicated by "-") | -23,390,276.56 | 287,759.67 | | Operating Profit (Losses indicated by "-") | -89,053,542.54 | 23,887,933.59 | | Total Profit (Total Losses indicated by "-") | -88,799,689.54 | 23,213,013.23 | | Net Profit (Net Losses indicated by "-") | -69,249,442.25 | 28,500,268.84 | | Net Profit Attributable to Parent Company Shareholders (Net Losses indicated by "-") | -57,920,920.52 | 38,025,015.76 | | Basic Earnings Per Share | -0.1624 | 0.1066 | [Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period](index=10&type=section&id=3、合并年初到报告期末现金流量表) Year-to-date net cash flow from operating activities was **CNY 24,660,253.23**, up **48.02%**, driven by increased sales and other operating cash receipts, while net cash flow from investing activities was **CNY -93,315,931.87**, a reduced outflow due to significantly higher cash recovered from investments, though cash paid for fixed asset purchases and other investment activities also rose, and net cash flow from financing activities was **CNY -25,132,790.34**, an increased outflow mainly due to higher cash paid for debt repayment Consolidated Cash Flow Statement Key Data from Year-Beginning to End of Reporting Period (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Provision of Services | 860,724,468.61 | 775,337,546.37 | | Cash Received Related to Other Operating Activities | 23,510,156.35 | 10,573,592.15 | | Net Cash Flow from Operating Activities | 24,660,253.23 | 16,659,540.83 | | Cash Received from Recovery of Investments | 408,828,846.54 | 300,293,049.18 | | Net Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-term Assets | 11,433,853.10 | 0.00 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 28,699,032.32 | 17,194,216.90 | | Cash Paid for Investments | 479,576,256.40 | 440,440,675.86 | | Cash Paid Related to Other Investing Activities | 9,777,201.92 | 986,332.50 | | Net Cash Flow from Investing Activities | -93,315,931.87 | -153,873,434.31 | | Cash Received from Borrowings | 70,000,000.00 | 66,000,000.00 | | Cash Paid for Debt Repayment | 48,400,000.00 | 30,000,000.00 | | Net Cash Flow from Financing Activities | -25,132,790.34 | -9,529,232.81 | | Net Increase in Cash and Cash Equivalents | -94,410,051.32 | -147,531,716.81 | | Period-End Cash and Cash Equivalents Balance | 277,234,114.19 | 307,996,069.37 | [Implementation of New Accounting Standards](index=11&type=section&id=（二）%202025%20年起首次执行新会计准则调整首次执行当年年初财务报表相关项目情况) The company did not adopt new accounting standards starting in 2025, thus no adjustments to the opening financial statements are required - The company did not adjust relevant items in the opening financial statements for the first-time adoption of new accounting standards starting in 2025[22](index=22&type=chunk) [Audit Report](index=11&type=section&id=（三）%20审计报告) The financial accounting report for this quarter is unaudited - The company's third-quarter financial accounting report is unaudited[22](index=22&type=chunk)