Financial Performance - The company's revenue for Q3 2025 was approximately ¥124.43 million, a slight increase of 0.02% compared to the same period last year, while year-to-date revenue decreased by 7.12% to ¥327.35 million[5] - The net profit attributable to shareholders was a loss of ¥17.80 million, representing a decline of 214.62% year-over-year, with a year-to-date loss of ¥29.61 million, down 195.25% from the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥24.90 million for the quarter, a decrease of 291.84% year-over-year, and a year-to-date loss of ¥46.15 million, down 396.02%[5] - Basic and diluted earnings per share for the quarter were both -¥0.1037, a decrease of 216.00% year-over-year, with year-to-date figures at -¥0.1726, down 196.37%[5] - Total operating revenue for the period was ¥327,349,907.17, a decrease of 7.5% compared to ¥352,436,264.24 in the previous period[24] - Net profit for the period was a loss of ¥29,659,440.10, compared to a profit of ¥31,090,089.86 in the previous period[25] - Basic and diluted earnings per share were both -¥0.1726, down from ¥0.1791 in the previous period[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥94.94 million year-to-date, an improvement of 5.48% compared to the previous year[5] - Cash inflow from operating activities totaled approximately ¥465.28 million, an increase from ¥370.55 million in the previous period[28] - Cash outflow from operating activities was approximately ¥560.23 million, compared to ¥470.99 million in the previous period[28] - The net cash flow from operating activities was -¥94.94 million, slightly improved from -¥100.45 million in the previous period[28] - The company recorded cash inflow from investment activities of approximately ¥814.77 million, down from ¥1.18 billion in the previous period[28] - The net cash flow from investment activities was -¥68.59 million, a significant decrease from a positive cash flow of ¥262.21 million in the previous period[28] - Cash inflow from financing activities was approximately ¥51.79 million, compared to ¥59.62 million in the previous period[28] - The net cash flow from financing activities was -¥19.34 million, an improvement from -¥154.53 million in the previous period[28] - The ending cash and cash equivalents balance was approximately ¥720.54 million, down from ¥947.01 million in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.59 billion, a decrease of 2.05% from the previous year-end[6] - Current assets totaled ¥1,868,102,796.86, down from ¥2,067,714,437.12 at the beginning of the period, reflecting a decrease of 9.6%[20] - Non-current assets increased to ¥726,688,511.07 from ¥581,276,179.19, representing a growth of 24.9%[21] - Total assets decreased to ¥2,594,791,307.93 from ¥2,648,990,616.31, a decline of 2.0%[22] - Total liabilities slightly decreased to ¥450,787,813.29 from ¥451,251,716.70, a reduction of 0.1%[22] - The company’s equity attributable to shareholders decreased to ¥2,144,081,631.42 from ¥2,197,738,899.61, a drop of 2.4%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,297[12] - The largest shareholder, Shenzhen Minxing Electronics Co., Ltd., holds 17.05% of shares, totaling 30,615,600 shares, with 13,520,000 shares pledged[12] - The top ten shareholders include individuals and investment funds, with the top three holding a combined 27.12% of shares[12] Strategic Initiatives - The company plans to issue up to 53,672,500 shares to its actual controller, Mr. Luo Ruifa, raising a total of up to RMB 1 billion for working capital[16] - The company has completed the registration of a partnership enterprise, holding 50% equity, to invest in strategic emerging industries in Shenzhen[18] - The company is collaborating with professional investment institutions to invest in core technology projects, with a total planned investment of RMB 100 million[17] - The company is actively expanding its market presence through strategic partnerships and investments in emerging industries[17] Expenses - The company’s research and development expenses increased by 36.54% to ¥52.85 million, attributed to a rise in personnel and testing costs[9] - The company reported a significant increase in research and development expenses to ¥52,846,627.97, up 36.5% from ¥38,704,787.98 in the previous period[25] - The company recorded a 59.17% increase in sales expenses to ¥48.64 million, driven by an increase in sales personnel and new business investments[9] Goodwill - The goodwill recorded from the acquisition of Chengdu Chelu Technology Co., Ltd. amounted to ¥104.62 million, reflecting the company's expansion strategy[9] Financial Reporting - The company’s financial performance for the first three quarters of 2025 will be detailed in the upcoming financial statements[19]

Financial Performance - Operating income for Q3 2025 reached RMB 2,973,541, an increase of 2.49% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was RMB 1,342,724, reflecting a growth of 9.45% year-on-year[5] - The net profit for the first nine months of 2025 was RMB 4.652 billion, representing a year-on-year increase of RMB 322 million or 7.43%[27] - Net interest income rose to ¥6.51 billion, an increase from ¥5.98 billion, marking a growth of approximately 8.8% year-over-year[42] - The total comprehensive income attributable to shareholders was ¥3.19 billion, down from ¥4.38 billion, a decrease of approximately 27.2%[43] Assets and Liabilities - Total assets as of September 30, 2025, amounted to RMB 776,039,980, representing an increase of 11.87% from the end of the previous year[6] - The total liabilities increased to RMB 714.62 billion, an increase of RMB 76.16 billion or 11.93% compared to the beginning of the year[27] - The bank's net asset attributable to shareholders was RMB 59,153,099, up 11.80% compared to the end of last year[6] - The total amount of loans and advances issued is RMB 356.22 billion, reflecting growth compared to the previous period[38] - The total cash and cash equivalents at the end of the period reached CNY 18.95 billion, up from CNY 11.91 billion year-over-year[47] Loans and Deposits - The loan and advance amount reached RMB 356,224,443, marking an increase of 11.15% from the previous year-end[9] - Total deposits increased to RMB 482,422,584, a rise of 12.87% compared to the end of last year[9] - The net increase in customer deposits was ¥53.82 billion, slightly down from ¥54.17 billion in the previous year[45] Capital Adequacy and Asset Quality - The core tier 1 capital adequacy ratio stood at 9.79%, slightly up from 9.38% at the end of last year[13] - The provision coverage ratio was reported at 420.59%, indicating a stable asset quality[27] - The non-performing loan ratio remained stable at 0.83%, consistent with the previous year's figure[13] - The non-performing loan ratio remained stable at 0.83%, unchanged from the beginning of the year[27] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 65,120[32] - The largest shareholder, Suzhou International Development Group Co., Ltd., holds 15.20% of shares, totaling 679,614,894 shares[32] - The company plans to increase shareholding by at least RMB 400 million within six months starting from July 1, 2025[34] Cash Flow and Financing Activities - The net cash flow from operating activities was ¥28.07 billion, compared to ¥24.20 billion in the previous year, indicating a growth of approximately 15.5%[46] - The net cash flow from financing activities was CNY 9.90 billion, an increase from CNY 4.45 billion in the previous year[47] - The cash outflow from financing activities totaled CNY 160.14 billion, compared to CNY 154.38 billion in the previous year[47] - The net increase in cash and cash equivalents for the period was CNY 4.10 billion, a significant recovery from a decrease of CNY 773.98 million in the previous year[47] Investments - The company holds a total of RMB 187 billion in the ten largest financial bonds, primarily policy financial bonds[36] - The company’s financial investments include RMB 74.87 billion in debt investments and RMB 129.41 billion in other debt investments[38] - The company’s trading financial assets increased to RMB 86.37 billion from RMB 76.42 billion[38]

Revenue and Profit - Revenue for the third quarter was ¥1,028,878,354.34, a decrease of 37.11% year-over-year[2] - Net profit attributable to shareholders was ¥28,346,630.06, down 54.11% compared to the same period last year[2] - Basic earnings per share decreased by 54.29% to ¥0.080[2] - Total operating revenue for the current period is CNY 3,522,248,603.04, a decrease of 24.3% from CNY 4,656,639,121.45 in the previous period[22] - Net profit for the current period is CNY 69,806,912.43, a decline of 32.3% compared to CNY 103,168,594.95 in the previous period[23] - Earnings per share (EPS) for the current period is CNY 0.270, down from CNY 0.342 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,494,111,970.78, a decline of 15.11% from the end of the previous year[3] - Total current assets decreased from CNY 13,147,613,536.90 to CNY 11,003,860,650.19, a decline of approximately 16.3%[19] - Total assets decreased from CNY 14,718,057,855.18 to CNY 12,494,111,970.78, a reduction of about 15.1%[20] - Total liabilities decreased from CNY 8,000,000,000 to CNY 6,500,000,000, reflecting a reduction of 18.75%[20] - Total liabilities amount to CNY 10,286,630,247.24, a decrease of 18.1% from CNY 12,562,097,875.32 in the previous period[22] Cash Flow - Cash flow from operating activities for the year-to-date increased by 72.46% to -¥418,220,364.75[2] - Cash generated from operating activities is CNY 4,955,221,101.15, an increase of 24.4% from CNY 3,989,131,317.68 in the previous period[25] - The net cash flow from operating activities was -$418.22 million, an improvement from -$1.52 billion in the previous period[26] - The net cash flow from financing activities was -$498.51 million, a decrease from a positive $552.52 million in the prior year[26] Investments and Expenses - Investment income increased significantly by 609.79% year-to-date, amounting to ¥2,025.47[10] - Research and development expenses decreased by 56.59% year-to-date, totaling ¥2,400.99[10] - Research and development expenses for the current period are CNY 18,420,250.06, down 56.6% from CNY 42,430,174.41 in the previous period[23] - Total operating costs for the current period are CNY 3,372,716,279.34, down 24.8% from CNY 4,488,194,386.99 in the previous period[22] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 59,024[14] - Chengdu High-tech Investment Group Co., Ltd. holds 48.91% of shares, totaling 172,297,390 shares[14] - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading activities[15] Other Financial Information - The company completed the transfer of remaining equity in Chengdu Jiazi Futures Co., resulting in a significant reduction in held-for-sale assets by 100%[8] - Short-term borrowings decreased by 77.27% to ¥46,265.89 million, primarily due to repayment of bank loans[9] - Long-term borrowings decreased to CNY 1,278,175,009.00 from CNY 1,904,750,002.00, a reduction of 32.8%[22] - Other comprehensive income attributable to shareholders of the parent company is CNY 95,269,603.78, down from CNY 120,447,989.16 in the previous period[24] - The company did not execute any new accounting standards in the current reporting period[27] - The third quarter financial report was not audited[27]

Financial Performance - Revenue for Q3 2025 was CNY 3,905,807,079.86, a decrease of 21.65% year-on-year[4] - Net profit attributable to shareholders was CNY 246,427,285.60, down 46.46% compared to the same period last year[4] - Basic earnings per share decreased by 57.71% to CNY 0.0708[4] - Total operating revenue for the current period was CNY 10,520.29 million, a decrease of 18.63% from CNY 12,931.36 million in the previous period[23] - The net profit for the current period is CNY 337,160,567.86, a decrease of 63.7% compared to CNY 927,346,642.87 in the previous period[24] - The operating profit for the current period is CNY 520,679,058.83, down from CNY 1,205,475,200.57, reflecting a decline of 56.7%[24] - The basic and diluted earnings per share for the current period are CNY 0.0980, compared to CNY 0.3303 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 40,730,203,200.45, an increase of 0.91% from the end of the previous year[4] - Total assets increased to CNY 40,730.20 million from CNY 40,362.47 million at the beginning of the period[22] - Total liabilities increased to CNY 26,585.71 million from CNY 26,398.99 million at the beginning of the period[22] - The company’s total liabilities increased by 70.88% in contract liabilities, reaching CNY 80,333,212.32, attributed to increased prepayments for sales[7] Cash Flow - Cash flow from operating activities for the first nine months of 2025 was CNY 2,852,916,001.40, a decrease of 16.74% year-on-year[4] - The net cash flow from operating activities is CNY 2,852,916,001.40, down 16.7% from CNY 3,426,503,387.32[27] - The total cash flow from investing activities is CNY -2,316,775,796.41, an improvement from CNY -3,529,981,933.14 in the previous period[27] - Net cash flow from investment activities was -¥2,316,775,796.41, an increase of 34.37% compared to the same period last year, mainly due to a decrease in cash paid for the acquisition of fixed assets[11] - Net cash flow from financing activities was -¥446,561,475.23, a decrease of 738.26% year-on-year, primarily due to a reduction in net borrowings and debt repayments[11] - The net increase in cash and cash equivalents for the period was ¥89,578,729.76, an increase of ¥246,329,905.3 compared to the previous year, mainly due to improved cash flow from investment activities[11] Research and Development - R&D expenses for the first nine months of 2025 were CNY 21,115,064.29, an increase of 130.38% year-on-year[9] - The research and development expenses increased to CNY 21,115,064.29, up from CNY 9,165,266.02, reflecting a growth of 130.5%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 106,198, with no preferred shareholders[14] - The largest shareholder, State Energy Investment Group, holds 59.62% of the shares, totaling 2,075,329,926 shares[14] - The company completed a capital increase, changing its registered capital from ¥2,749,327,699 to ¥3,481,035,016[16] Project Updates - The company signed a flue gas desulfurization and denitrification concession contract with a related party, with an estimated annual transaction amount of approximately CNY 240.48 million[17] - The final installed capacity of the 230MW agricultural-solar complementary photovoltaic project was adjusted from 230,000 kW to 171,000 kW, with total investment reduced from CNY 1,102.43 million to CNY 745.20 million[18] - The final installed capacity of the 200MW fish-solar complementary photovoltaic project was adjusted from 200,000 kW to 170,000 kW, with total investment reduced from CNY 1,051.65 million to CNY 714.33 million[18] Tax and Other Income - Cash received from tax refunds for the period of January to September 2025 was ¥40,184,675.45, a decrease of 90.15% compared to the same period last year, primarily due to a reduction in VAT refunds received[11] - Cash received from other operating activities amounted to ¥221,092,703.25, an increase of 97.69% year-on-year, mainly due to an increase in inter-company receivables[11] - Total tax expenses for the current period are CNY 185,772,444.15, down from CNY 286,782,982.70, a decrease of 35.2%[24]

北京声迅电子股份有限公司 2025 年第三季度报告 证券代码：003004 证券简称：*ST 声迅 公告编号：2025-080 债券代码：127080 债券简称：声迅转债 北京声迅电子股份有限公司 2025 年第三季度报告 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、董事会及董事、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。 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。 3、第三季度财务会计报告是否经过审计 □是 否 1 北京声迅电子股份有限公司 2025 年第三季度报告 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 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | ...

Revenue and Profit - Revenue for Q3 2025 reached ¥1,367,069,367.28, an increase of 7.32% compared to the same period last year[5] - Net profit attributable to shareholders was -¥49,118,267.47, a significant decrease of 5,827.98% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥72,120,061.71, down 9,506.66% from the previous year[5] - The company reported a significant decline in net profit for the first nine months of 2025, totaling -¥119,749,578.71, a decrease of 206.65% compared to the same period last year[10] - The net profit for the current period was a loss of ¥119,749,578.71, compared to a loss of ¥39,051,474.81 in the previous period, indicating a significant decline[22] - The total comprehensive income attributable to the parent company was ¥4,800,017.87, down from ¥102,705,800.78 in the previous period[22] - The company reported a basic earnings per share of ¥0.01, down from ¥0.17 in the previous period[22] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥12,353,066,573.34, reflecting a 5.94% increase from the end of the previous year[5] - The company's total liabilities increased to ¥10,202,055,769.10 from ¥9,353,739,497.36, reflecting a rise of approximately 9.1%[19] - The company's total equity decreased to ¥2,151,010,804.24 from ¥2,306,895,342.07, a decline of approximately 6.7%[20] - Total assets reached ¥12,353,066,573.34, up from ¥11,660,634,839.43, indicating an increase of about 5.9%[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥487,148,021.75, showing a slight increase of 1.21%[5] - Cash flow from operating activities generated a net amount of ¥487,148,021.75, slightly up from ¥481,335,691.34 in the previous period[24] - Cash flow from investing activities resulted in a net outflow of ¥513,395,750.10, compared to a larger outflow of ¥754,079,061.04 in the prior period[24] - Cash flow from financing activities showed a net outflow of ¥135,394,086.88, contrasting with a net inflow of ¥406,106,264.32 in the previous period[25] - The total cash and cash equivalents at the end of the period were ¥302,692,210.48, a decrease from ¥476,162,468.01 at the end of the previous period[25] - The company's cash and cash equivalents increased to ¥1,087,186,659.75 from ¥774,490,779.36, representing a growth of approximately 40.4%[18] Inventory and Fixed Assets - Inventory increased by 53.97% to ¥1,607,880,204.12, primarily due to the gradual production ramp-up of the Ningxia project[10] - The company's fixed assets rose by 34.54% to ¥6,820,580,035.40, attributed to the capitalization of the Ningxia anode graphite project[10] - The company's inventory rose to ¥1,607,880,204.12 from ¥1,044,288,509.24, marking an increase of about 54%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 78,218[12] - The top shareholder, Zheng Tiejian, holds 11.32% of the shares, amounting to 67,244,300 shares, with a portion pledged[12] Project Developments - The company completed the construction and acceptance of the "Annual Production of 30,000 Tons of Graphite Anode Materials" project, which is expected to enhance production scale and market competitiveness[14] Adjustments and Standards - The company adjusted the conversion price of "Bai Chuan Zhuan 2" from ¥8.18 to ¥8.12 per share due to the profit distribution plan[15] - The conversion price was further adjusted down to ¥7.53 per share effective from May 15, 2025, following the triggering of the downward adjustment clause[16] - The new accounting standards will be implemented starting from 2025[26] - The financial report for the first year of the new accounting standards will reflect relevant project situations from the beginning of the year[26] - The company’s board of directors issued the report on October 29, 2025[26] Operating Revenue and Costs - Total operating revenue for the current period reached ¥4,276,718,834.39, an increase of 9.36% compared to ¥3,909,328,077.31 in the previous period[21] - Total operating costs amounted to ¥4,397,974,941.53, up 12.49% from ¥3,908,772,541.24 in the prior period[21] Accounts Receivable - The company's accounts receivable decreased to ¥308,187,603.26 from ¥492,480,189.93, a decline of about 37.3%[18] Audit Status - The third quarter financial report of Jiangsu Baichuan High-tech Materials Co., Ltd. has not been audited[26]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,662,746,910.71, representing a year-on-year increase of 68.06% and a quarter-on-quarter increase of 12.40%[5] - The net profit attributable to shareholders for Q3 2025 was ¥256,209,446.15, a significant increase of 563.77% compared to the same period last year[5] - Revenue for the current reporting period increased by 68.06%, achieving a total of 657,508.38 million yuan compared to the same period last year[13] - Net profit attributable to shareholders for the current period reached 563.77 million yuan, reflecting a significant increase of 457.26% year-on-year[13] - Total profit for the current period surged by 422.36%, driven by substantial growth in total revenue and net profit attributable to shareholders[13] Assets and Liabilities - The total assets of the company as of Q3 2025 amounted to ¥13,193,805,772.40, reflecting a growth of 65.73% from the end of the previous year[6] - The company's total assets at the end of the reporting period grew by 65.73%, amounting to 1,319,380.58 million yuan compared to the previous year[14] - The company's total liabilities reached CNY 8,467,940,324.92, compared to CNY 5,530,187,818.32 at the end of 2024, marking a rise of 53%[22] - Current assets totaled CNY 9,674,726,059.54 as of September 30, 2025, up from CNY 5,687,513,604.32 at the end of 2024, representing an increase of 70%[20] Shareholder Equity - The company's equity attributable to shareholders increased by 93.86% to ¥4,675,537,472.99 compared to the end of the previous year[9] - Shareholder equity attributable to the parent company increased by 93.86%, totaling 467,553.75 million yuan at the end of the reporting period[14] Earnings and Expenses - The basic earnings per share for Q3 2025 was ¥0.55, up 523.08% from the same period last year[6] - Basic and diluted earnings per share for the current period were CNY 0.07, a decrease from CNY 0.51 in the previous period, indicating a decline of 86.9%[26] - The company's R&D expenses for Q3 2025 totaled ¥137,005,072.18, which is an increase of 6.59% year-on-year, accounting for 5.15% of operating revenue[6] - Research and development expenses for the first three quarters of 2025 were CNY 409,934,001.97, compared to CNY 338,855,218.29 in 2024, reflecting a 21% increase[25] Cash Flow - The net cash flow from operating activities for the first three quarters of 2025 was negative, primarily due to inventory buildup in response to large customer demands[8] - The net cash flow from operating activities for the year-to-date period was -399.46 million yuan, primarily due to inventory buildup in response to customer demand[14] - The net cash flow from operating activities for the first three quarters of 2025 was CNY -1,483,128,944.19, compared to CNY 495,263,943.28 in the previous year, indicating a significant decline[28] - The company reported total cash inflows from financing activities of CNY 8,294,666,257.11 in the first three quarters of 2025, up from CNY 4,364,315,892.85 in the same period of 2024, reflecting a 90.5% increase[29] Investment and Non-Recurring Gains - The company reported a total of ¥42,903,525.26 in non-recurring gains for the current period, with significant contributions from government subsidies and asset disposals[11] - The company has been actively investing in chip design, firmware design, and new product development, leading to a 20.98% increase in R&D expenses for the first three quarters of 2025[7] - The company reported cash inflows from investment activities of CNY 205,665,534.41, a notable increase from CNY 1,907,865.32 in the previous year[28] Market Outlook - The company anticipates a gradual recovery in sales revenue and gross margin as storage prices stabilize and key projects are delivered starting from Q2 2025[13] - The company experienced a significant increase in net profit due to improved sales and gross margins following a stabilization in storage prices starting from Q2 2025[7]

Revenue and Profitability - Revenue for Q3 2025 reached ¥393,258,419.12, an increase of 23.09% year-over-year, while year-to-date revenue totaled ¥1,083,213,341.73, up 16.76%[5] - Net profit attributable to shareholders was a loss of ¥1,910,713.83, a decline of 336.94% compared to the same period last year, with year-to-date net profit at ¥8,438,488.56, down 40.38%[5] - Basic and diluted earnings per share were both -¥0.03, reflecting a decrease of 400.00% year-over-year, with year-to-date earnings per share at ¥0.11, down 45.00%[5] - Net profit for the period was ¥8,266,796.03, a decrease of 41.4% from ¥14,153,260.21 in the same period last year[22] Expenses and Costs - Research and development expenses increased by 74.17% to ¥25,890,932.74, primarily due to higher employee compensation and material costs[9] - Financial expenses rose by 54.88% to ¥16,731,134.71, mainly due to increased loan interest expenses and exchange losses[9] - Total operating costs amounted to ¥1,085,792,641.15, up 18.2% from ¥918,333,618.59 in the prior period[21] - Payments to employees amounted to ¥139,690,655.83, slightly up from ¥138,988,546.02 last year[25] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥1,856,293,563.39, a slight increase of 0.04% from the end of the previous year[5] - Current assets decreased to ¥794,455,757.06 from ¥881,149,708.66, reflecting a decline of approximately 9.8%[18] - Non-current assets rose to ¥1,061,837,806.33, up from ¥974,476,862.64, indicating an increase of about 9.0%[18] - The total liabilities decreased slightly to ¥982,166,091.53 from ¥984,332,756.91, a reduction of 0.2%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥26,096,295.91 year-to-date, which is not applicable for the current period[5] - Cash generated from operating activities was 26,096,295.91, a significant decrease compared to -55,378,363.45 in the previous period[10] - Cash inflow from financing activities increased by 41.20% to 476,081,451.96, mainly due to an increase in cash received from borrowings[10] - Cash outflow from financing activities rose by 178.30% to 479,689,156.42, primarily due to increased debt repayments[10] - The net cash flow from financing activities was reported at -3,607,704.46, a decrease of 102.19% compared to the previous period[10] - The net increase in cash and cash equivalents was -96,966,570.53, a decline of 308.60% due to reduced cash flow from investment and financing activities[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,667[12] - The largest shareholder, Zhejiang Tianjun Investment Co., Ltd., holds 32.81% of the shares, totaling 23,619,654 shares[12] Other Financial Metrics - The company recognized government subsidies amounting to ¥1,181,025.45 during the current period, contributing to non-operating income[6] - Credit impairment losses increased by 191.02% to 2,932,261.53, primarily due to an increase in bad debt provisions[10] - Operating income from asset disposal increased significantly to 425,990.07, compared to a loss of 792,341.54 in the previous period[10] - The fair value change income was reported at 36,147.58, a decrease of 100% due to no fair value changes in the current period[10] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[9] Audit Status - The third quarter financial report was not audited[27]

Financial Performance - The company's operating income for Q3 2025 was RMB 13,796,621 thousand, representing a year-on-year increase of 3.78%[5] - Net profit attributable to shareholders of the parent company for Q3 2025 was RMB 4,844,322 thousand, up 4.90% compared to the same period last year[5] - The basic earnings per share for Q3 2025 was RMB 0.34, reflecting a 3.03% increase year-on-year[5] - For the period from January to September 2025, the group achieved operating income of RMB 41.14 billion, a year-on-year increase of 4.04%[21] - The net profit attributable to shareholders of the parent company was RMB 18.075 billion, up 2.77% year-on-year[21] - Net profit for the group for the first nine months of 2025 was RMB 18,058,805 thousand, up from RMB 17,591,229 thousand in the same period of 2024, reflecting an increase of 2.65%[42] - The group reported a total operating income of RMB 41,140,492 thousand for the first nine months of 2025, compared to RMB 39,541,807 thousand in 2024, marking an increase of 4.05%[42] Asset and Liability Management - Total assets as of September 30, 2025, reached RMB 3,308,001,954 thousand, a 2.52% increase from the end of 2024[5] - The total assets of the group reached RMB 3,308.002 billion, an increase of 2.52% compared to the end of the previous year[21] - The group's total liabilities amounted to RMB 3,047,482,727 thousand as of September 30, 2025, compared to RMB 2,971,998,867 thousand at the end of 2024, an increase of 2.52%[37] - The total equity attributable to shareholders of the parent company was RMB 260,189,026 thousand as of September 30, 2025, up from RMB 254,193,213 thousand at the end of 2024, reflecting a growth of 2.4%[38] Loan and Deposit Growth - The total amount of customer loans and advances was RMB 1,441.646 billion, growing by 2.55% year-on-year[21] - The total deposits amounted to RMB 1,804.245 billion, reflecting a growth of 5.51% from the previous year[21] - The bank's loan and advance to customers increased to RMB 1,404,134,007 thousand from RMB 1,366,902,931 thousand year-over-year, representing a growth of 2.0%[36] - The balance of RMB corporate loans and advances was RMB 821.485 billion, with corporate deposits amounting to RMB 1,130.691 billion, a growth of 6.86% year-on-year[22] Non-Performing Loans and Credit Quality - The company's non-performing loan ratio remained stable at 1.18% as of September 30, 2025[17] - The non-performing loan ratio remained stable at 1.18%, unchanged from the end of the previous year[21] - The bank's non-performing loan ratio remained stable, with credit impairment losses recorded at RMB 10,264,903 thousand, compared to RMB 9,237,235 thousand in 2024, an increase of 11.1%[43] Capital Adequacy and Returns - The capital adequacy ratio as of September 30, 2025, was 14.33%, compared to 14.21% at the end of 2024[10] - The capital adequacy ratio stood at 14.33%, with a Tier 1 capital ratio of 11.40% and a core Tier 1 capital ratio of 10.52%, all meeting regulatory requirements[21] - The annualized average return on assets for Q3 2025 was 0.59%, an increase of 0.02 percentage points year-on-year[5] - The weighted average return on equity for the parent company's ordinary shareholders was 7.94%, down 0.15 percentage points compared to the previous year[5] Cash Flow and Investment Activities - The net cash flow from operating activities for the first nine months of 2025 was -RMB 154,412,472 thousand, a significant decrease of 746.60% year-on-year[9] - Cash inflow from investment activities totaled RMB 584,904,563 thousand, up from RMB 492,201,562 thousand year-over-year, indicating a growth of approximately 18.8%[48] - Cash flow from financing activities generated a net inflow of RMB 126,040,964 thousand, compared to RMB 70,331,810 thousand in the previous year, marking an increase of about 79.5%[49] - The net increase in cash and cash equivalents for the period was RMB 29,428,710 thousand, compared to RMB 16,054,979 thousand in the previous year, representing an increase of approximately 83.5%[49] Customer and Market Development - The total number of customers reached 306,400, an increase of 0.89% compared to the previous year[22] - The number of treasury and cash management service clients reached 6,581, growing by 6.32% compared to the end of the previous year[24] - Online customer numbers increased by 17.60% year-on-year, with online transaction volume rising by 12.12%[24] - Retail customer count reached 21.50 million, with total retail customer assets under management (AUM) at RMB 10,781.45 billion, a 5.50% increase[27] Loan Issuance and Sector Performance - Technology loan disbursements reached RMB 166.292 billion, representing a year-on-year increase of 33.83%[22] - The balance of inclusive loans reached RMB 1,445.19 billion, a year-on-year increase of 2.93% as of the end of the reporting period[23] - Green loan issuance amounted to RMB 595.27 billion from January to September 2025, with a year-on-year growth of 0.10%[23] - Manufacturing loans totaled RMB 865.07 billion in the same period, reflecting a year-on-year increase of 8.89%[23] Strategic Outlook - The company plans to continue focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[51]

Financial Performance - The company's operating revenue for the third quarter was approximately CNY 146.35 billion, representing a year-on-year increase of 3.84% compared to CNY 140.75 billion in the same period last year[5]. - The total profit for the third quarter decreased by 6.23% to CNY 3.69 billion from CNY 3.92 billion in the previous year[5]. - The net profit attributable to shareholders of the listed company was CNY 2.05 billion, down 17.51% from CNY 2.47 billion in the same period last year[5]. - The basic earnings per share for the third quarter was CNY 0.1168, a decrease of 17.75% compared to CNY 0.1412 in the previous year[6]. - Total operating revenue for the first three quarters of 2025 reached ¥439.55 billion, an increase of 2.7% compared to ¥426.79 billion in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was ¥10.11 billion, down 14.3% from ¥11.79 billion in the same period of 2024[21]. - Basic earnings per share for the first three quarters of 2025 were ¥0.4092, down from ¥0.4848 in the same period of 2024, a decrease of 15.5%[22]. - Net profit for the first three quarters of 2025 was ¥3,553,408,331.00, significantly up from ¥145,866,261.06 in the first three quarters of 2024, marking a growth of 2321.73%[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.40 trillion, an increase of 8.94% from CNY 1.29 trillion at the end of the previous year[6]. - The company's total liabilities increased to ¥1,126.13 billion, up from ¥1,017.42 billion year-over-year, reflecting a growth of 10.7%[18]. - The total assets as of September 30, 2025, are ¥1,404,293,254,642.25, compared to ¥1,289,001,336,534.82 at the end of 2024[16]. - The company's total liabilities decreased to CNY 97.44 billion from CNY 108.59 billion year-over-year[29]. - The total equity attributable to shareholders rose to ¥171.09 billion, compared to ¥165.56 billion in the previous year, marking a 3.2% increase[18]. - The total equity increased to ¥86,007,316,695.56 as of the end of the reporting period, up from ¥85,033,461,571.42[30]. Cash Flow - The company reported a cash flow from operating activities of CNY -37.03 billion, compared to CNY -46.93 billion in the previous year[6]. - Operating cash inflow for the first three quarters of 2025 reached CNY 498.68 billion, an increase of 10.2% compared to CNY 452.39 billion in the same period of 2024[24]. - Net cash flow from operating activities was -CNY 37.03 billion, an improvement from -CNY 46.91 billion year-over-year[25]. - The company reported a net cash outflow from operating activities of ¥20,701,018,697.78 for the first three quarters of 2025, an improvement from a net outflow of ¥26,125,645,939.31 in the same period of 2024[35]. - Cash inflow from financing activities totaled CNY 233.29 billion, slightly down from CNY 233.85 billion in the previous year[25]. - The company raised ¥39,500,000,000.00 through financing activities in the first three quarters of 2025, compared to ¥42,500,000,000.00 in the same period of 2024[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 537,390[12]. - The largest shareholder, China Power Construction Group Co., Ltd., holds 9,138,371,913 shares, representing 53.05% of total shares[12]. Other Financial Metrics - Non-operating income for the current period amounted to CNY 339.46 million, with a total of CNY 944.58 million for the year-to-date[10]. - The company has recognized a gain of CNY 341.57 million from the disposal of non-current assets in the current period[9]. - The company reported investment income of ¥1.44 billion, significantly higher than ¥715.41 million in the same period of 2024, an increase of 101.0%[21]. - Research and development expenses for the first three quarters of 2025 were ¥13.79 billion, slightly down from ¥13.99 billion in the same period of 2024[20]. - Interest income decreased to ¥434.79 million from ¥636.11 million, a decline of 31.7%[20]. - The company reported a significant increase in investment income, reaching ¥4,374,045,183.95 in the first three quarters of 2025, compared to ¥277,697,590.38 in the same period of 2024[32]. Market Outlook - The company has provided a profit guidance indicating a potential decrease in net profit for the upcoming quarters due to market conditions[5]. - The company has not disclosed any new strategies or future outlook in the provided documents[14]. - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[15].