劲旅环境科技股份有限公司 2025 年第三季度报告 证券代码：001230 证券简称：劲旅环境 公告编号：2025-061 劲旅环境科技股份有限公司 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、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。 ☑是 否 追溯调整或重述原因：会计政策变更 | | | | | 本报告期 | | | | 年初至报告 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期 | | 上年同期 | 比上年同 | 年初至报告期 | 上年同期 | | 期末比上年 | | | | | | 期增减 | 末 | | | 同期增减 | | | | 调整前 | 调整后 | 调整后 | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 393,790,76 | 377,804,1 | 377,804,1 | 4.23% | 1 ...

安徽强邦新材料股份有限公司 2025 年第三季度报告 证券代码：001279 证券简称：强邦新材 公告编号：2025-050 安徽强邦新材料股份有限公司 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 安徽强邦新材料股份有限公司 2025 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 373,908,340.48 | -2.19% | ...

Financial Performance - Q3 2025 revenue was CNY 633.83 million, a decrease of 2.27% year-over-year, and year-to-date revenue was CNY 1.57 billion, down 9.32% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was CNY 37.52 million, a decline of 9.21%, while year-to-date net profit was CNY 50.99 million, down 54.91% year-over-year[5] - Basic and diluted earnings per share for Q3 2025 were CNY 0.1132, reflecting a decrease of 9.20% compared to the same quarter last year[5] - Total operating revenue for the current period is CNY 1,568,374,499.70, a decrease of 9.26% from CNY 1,728,330,812.46 in the previous period[16] - Net profit for the current period is 44,218,177.69, a decrease of 64.0% compared to 122,850,870.74 in the previous period[17] - Total comprehensive income for the current period is 44,646,067.69, down from 122,232,155.67 in the previous period, reflecting a decline of 63.4%[17] - The company reported a decrease in operating profit to 39,812,422.72, down 70.7% from 135,954,666.15 in the previous period[17] - Basic and diluted earnings per share are both 0.1539, down from 0.3413 in the previous period, reflecting a decline of 54.8%[18] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 4.87 billion, an increase of 7.25% from the end of the previous year[5] - Total liabilities increased to CNY 2,166,379,802.82 from CNY 1,838,919,911.02, reflecting a growth of 17.83%[15] - Total assets reached CNY 4,867,296,102.02, up from CNY 4,538,299,072.11, indicating an increase of 7.25%[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 118.68 million year-to-date, a significant decrease of 138.43% compared to the previous year[5] - Cash flow from operating activities shows a net outflow of -118,675,663.38, compared to -49,774,005.93 in the previous period, indicating a worsening cash flow situation[19] - Cash flow from financing activities generated a net inflow of 284,697,299.56, an increase of 145.0% compared to 116,094,862.80 in the previous period[19] - Investment activities resulted in a net cash outflow of -111,526,212.99, an improvement from -129,182,089.56 in the previous period[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,338[11] - Ningxia Qinglong Technology Holdings Co., Ltd. holds 19.09% of shares, totaling 63,649,904 shares, with 43,800,000 shares pledged[11] - The second largest shareholder, Chen Jiaxing, holds 8.17% of shares, totaling 27,242,300 shares, with 6,200,000 shares pledged[11] - The total number of preferred shareholders is zero, indicating no preferred shares outstanding[12] - The top ten shareholders do not include any shareholders involved in margin trading or securities lending[11] - The company has not disclosed any changes in the top ten shareholders due to securities lending or borrowing[12] - The company’s major shareholder, Ningxia Qinglong Technology Holdings Co., Ltd., is also the actual controller of the company[11] Investments and Income - The company reported a 40.23% decrease in notes receivable compared to the beginning of the year, primarily due to fewer notes received during the period[9] - Inventory increased by 39.57% compared to the beginning of the year, attributed to goods shipped but not yet recognized as revenue[9] - Long-term equity investments rose by 227.23% compared to the beginning of the year, due to investments in joint ventures[9] - The company experienced a 56.69% decrease in investment income year-over-year, mainly due to reduced fund income received[9] - The company reported a loss of RMB 26,433,699.46 from fair value changes in securities investments during the reporting period[12] - The company has a total investment in securities of RMB 137,408,600, with a fair value of RMB 59,102,141.40 at the end of the period[12] - The company’s financial assets include a total of RMB 12,284,613.27 from other investments[12] - The company reported a significant increase in interest income to CNY 1,256,555.33 from CNY 143,837.80, a growth of 772.5%[16] Operational Metrics - Total operating costs for the current period amount to CNY 1,469,440,277.50, down from CNY 1,552,032,172.37, reflecting a reduction of 5.34%[16] - The company's net profit margin is under pressure due to increased operating costs, with operating costs constituting approximately 93.7% of total revenue[16] - Total revenue from sales of goods and services received cash of 1,636,698,403.91, down 22.0% from 2,096,979,850.86 in the previous period[18] Miscellaneous - Cash and cash equivalents increased to CNY 560,463,011.40 from CNY 557,744,768.48, showing a slight growth of 0.31%[14] - Accounts receivable decreased to CNY 1,527,940,685.39 from CNY 1,598,480,473.70, a decline of 4.43%[14] - Inventory rose significantly to CNY 924,855,717.48 from CNY 662,655,183.59, representing an increase of 39.5%[14] - Short-term borrowings increased to CNY 862,898,854.45 from CNY 595,076,856.90, marking an increase of 45.0%[15] - The company has not undergone an audit for the third quarter financial report[20]

中交地产股份有限公司 2025 年第三季度报告 证券代码：000736 证券简称：*ST 中地 公告编号：2025-111 中交地产股份有限公司 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 | | | | | 本报告期 | | | | 年初至报告 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期 | 上年同期 | | 比上年同 | 年初至报 | 上年同期 | | 期末比上年 | | | | | | 期增减 | 告期末 | | | 同期增减 | | | | 调整前 | 调整后 | 调整后 | | 调整前 | 调整后 | 调整后 | | 营业收 ...

贵阳新天药业股份有限公司 2025 年第三季度报告 证券代码：002873 证券简称：新天药业 公告编号：2025-057 贵阳新天药业股份有限公司 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、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。 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 贵阳新天药业股份有限公司 2025 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 200,346,913.00 | -8.58% ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥282,066,416.41, representing a year-on-year increase of 28.53%[5] - Net profit attributable to shareholders for Q3 2025 was ¥31,291,167.34, a significant increase of 224.44% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥19,228,526.83, up 167.74% year-on-year[5] - Total operating revenue for the current period reached ¥1,343,120,973.60, an increase of 13.7% compared to ¥1,181,324,145.23 in the previous period[38] - Operating profit increased to ¥165,311,843.40, up from ¥75,450,718.78, representing a growth of 119% year-over-year[39] - Net profit reached ¥144,739,783.84, compared to ¥73,108,861.66 in the previous period, marking a 97% increase[39] - Basic and diluted earnings per share improved to ¥0.28 from ¥0.16, indicating a 75% increase[40] - The total profit before tax was ¥168,378,251.18, up from ¥78,121,056.51, reflecting a growth of 115% year-over-year[39] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,177,976,558.33, reflecting a slight increase of 0.85% from the end of the previous year[5] - Total current assets decreased to ¥2,996,632,341.95 from ¥3,262,422,692.87, a reduction of 8.1%[35] - Non-current assets increased to ¥1,181,344,216.38 from ¥880,425,707.61, reflecting a growth of 34.2%[35] - Total liabilities decreased to ¥1,774,479,163.81 from ¥1,816,680,989.88, a decline of 2.3%[36] - Total equity attributable to shareholders rose to ¥2,403,497,394.52 from ¥2,326,167,410.60, an increase of 3.3%[36] Cash Flow - The company reported a net cash flow from operating activities of -¥69,453,995.98 for the year-to-date, a decline of 214.91% compared to the previous year[5] - Cash and cash equivalents decreased to ¥899,523,413.90 from ¥1,658,528,632.09, representing a decline of 45.8%[34] - Total cash and cash equivalents at the end of the period amounted to ¥720,157,381.58, up from ¥160,807,374.47[42] - Investment activities resulted in a net cash outflow of ¥469,992,615.39, worsening from a net outflow of ¥229,192,868.53[42] - The company reported a significant increase in cash inflow from investment activities, totaling ¥2,551,668,082.54 compared to ¥20,242,470.04 previously[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,071[10] - The largest shareholder, Zhongjianxin (Zhejiang) Venture Capital Co., Ltd., held 26.26% of the shares, with 109,180,000 shares pledged[10] - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 77,952,518.70, based on a distributable share capital of 519,683,458 shares[13] Investments and Projects - The company established a new subsidiary, Precision (Wuhan) Composite Materials Co., Ltd., with a registered capital of RMB 50 million, where the company holds 90% ownership[15] - The company invested RMB 25 million to establish a joint venture, Zhejiang Huachuang Carbon Fiber Technology Co., Ltd., with a 40% stake, aimed at addressing key issues in the carbon fiber industry[16] - The company approved an investment of approximately RMB 66.917 million for a high-performance fiber project through its wholly-owned subsidiary, Zhejiang Precision Carbon Fiber Technology Co., Ltd.[20] - As of the reporting period, the high-performance fiber project has accumulated an investment of RMB 192.64 million, with RMB 71.47 million attributed to a related party[21] - Investment progress for the "Carbon Fiber and Composite Equipment Intelligent Manufacturing Project" is at 10.34%, while the "High-Performance Carbon Fiber Equipment R&D Center" is at 29.71%[32] - The company is focused on effectively managing and utilizing raised funds while addressing investment risks due to market fluctuations[32] Contracts and Sales - The company signed a sales contract with Jilin Guoxing Carbon Fiber Co., with a total contract amount of RMB 1.15 billion, of which RMB 410.63 million has been received[23] - A contract with Donghua Energy (Maoming) Carbon Fiber Co. was signed for RMB 550 million, with RMB 117.84 million received to date[25] - The company entered into a contract with Zhejiang Jianxin Jiaren New Materials for a project estimated at RMB 320 million, with RMB 255.97 million received so far[26] - A sales contract with Sichuan Zhongyi Huixin New Materials was signed for RMB 515.5 million, with ongoing contract performance[28] - The company signed a sales contract with Graphene Fibre Limited for a total amount of USD 171.68 million, with a commitment to supply 18 production lines over the contract duration[30] Research and Development - Research and development expenses rose to ¥87,460,805.93 from ¥78,558,468.36, reflecting an increase of 11.5%[39]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,058,790,114.62, representing a year-on-year increase of 9.72%[5] - Net profit attributable to shareholders was ¥134,779,279.16, up 11.56% compared to the same period last year[5] - Basic earnings per share for the period stood at ¥0.0303, reflecting an increase of 11.56% from the previous year[5] - Total operating revenue for the current period reached ¥8,453,499,659.26, an increase of 7.43% compared to ¥7,867,256,686.75 in the previous period[14] - Net profit for the current period was ¥472,723,086.36, a decrease of 17.52% from ¥572,829,556.22 in the previous period[15] - Earnings per share (EPS) for the current period was ¥0.1064, down from ¥0.1289 in the previous period[16] Cash Flow - The net cash flow from operating activities surged to ¥560,110,961.87, marking an increase of 8,636.70% year-on-year[5] - Cash flow from operating activities generated a net amount of ¥560,110,961.87, significantly higher than ¥6,411,015.37 in the prior period[16] - The total cash outflow from investment activities amounted to ¥1,563,918,057.59, with a net cash flow from investment activities of -¥1,531,228,926.75[17] - The cash outflow from financing activities totaled ¥357,597,342.69, resulting in a net cash flow from financing activities of -¥357,597,342.69[17] - The net increase in cash and cash equivalents was -¥1,328,715,307.57, with the ending balance of cash and cash equivalents at ¥3,434,836,696.35[17] - The beginning balance of cash and cash equivalents was ¥4,763,552,003.92, indicating a significant decrease in liquidity[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥21,116,170,420.10, a 2.17% increase from the end of the previous year[5] - Total current assets decreased from 8.94 billion yuan to 8.16 billion yuan, a decline of approximately 8.7%[11] - Cash and cash equivalents decreased from 4.77 billion yuan to 3.43 billion yuan, a reduction of about 28%[11] - Accounts receivable decreased from 3.18 billion yuan to 3.06 billion yuan, a decline of approximately 3.7%[11] - Total non-current assets increased from 11.72 billion yuan to 12.95 billion yuan, an increase of about 10.5%[12] - Total liabilities increased from 1.63 billion yuan to 1.94 billion yuan, an increase of about 19%[12] - The company reported a total of 1.15 billion yuan in accounts payable, up from 925 million yuan, an increase of approximately 24%[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 71,690[10] - The largest shareholder, China Railway Investment Group, holds 76.50% of shares, totaling 3.4 billion shares[10] Research and Development - Research and development expenses decreased by 87.47% to ¥191,566.19, primarily due to unpaid R&D expenditures[8] - Research and development expenses decreased to ¥191,566.19 from ¥1,528,886.16, indicating a significant reduction in R&D investment[14] Other Financial Metrics - The weighted average return on equity decreased to 0.70%, down 18.75% compared to the previous year[5] - The company experienced a 95.64% increase in other payables, totaling ¥228,187,501.76, mainly due to an increase in dividends payable[8] - Other income for the current period was ¥1,047,979.20, down from ¥12,251,971.83 in the previous period[14] - The company reported a foreign exchange loss of ¥725,379.00, contrasting with a gain of ¥695,500.00 in the previous period[15] Audit Status - The company’s third-quarter financial report was not audited, which may impact the reliability of the reported figures[18]

Financial Performance - Total revenue for Q3 2025 was approximately ¥914.91 million, representing a year-over-year increase of 6.10%[3] - The total profit for the period was a loss of approximately ¥35.68 million, a decrease of 316.91% compared to the previous year[3] - Net profit attributable to shareholders was a loss of approximately ¥29.74 million, down 71.80% year-over-year[3] - Total operating revenue for the first three quarters of 2025 reached CNY 3,229,539,291.44, an increase of 3.96% compared to CNY 3,106,764,331.57 in the same period of 2024[14] - Net profit for the first three quarters of 2025 was a loss of CNY 101,767,572.42, compared to a loss of CNY 54,900,413.77 in the same period of 2024[15] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.0458, compared to CNY -0.0289 in the same period of 2024[16] Cash Flow - The net cash flow from operating activities was not applicable for this period, with a year-to-date cash flow of approximately ¥38.11 million, reflecting a decrease of 67.83%[3] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $3.66 billion, an increase from $3.58 billion in the same period of 2024, representing a growth of about 2.4%[17] - Net cash flow from operating activities decreased to approximately $38.11 million in 2025, down from $118.46 million in 2024, indicating a decline of about 67.8%[17] - Cash inflow from investment activities totaled approximately $122.18 million in 2025, compared to $103.94 million in 2024, reflecting an increase of about 17.5%[18] - Net cash flow from investment activities improved to -$9.57 million in 2025, an improvement from -$24.26 million in 2024[18] - Cash inflow from financing activities decreased to approximately $178.33 million in 2025, down from $250.46 million in 2024, a decline of about 29.0%[18] - Net cash flow from financing activities worsened to -$103.26 million in 2025, compared to -$78.36 million in 2024[18] - The ending cash and cash equivalents balance for 2025 was approximately $125.70 million, slightly down from $127.57 million in 2024[18] - Cash received from the recovery of investments was approximately $91.00 million in 2025, up from $74.46 million in 2024, marking an increase of about 22.1%[18] - Cash paid for the purchase of fixed assets and other long-term assets was approximately $34.74 million in 2025, compared to $28.90 million in 2024, an increase of about 20.2%[18] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.88 billion, a decrease of 12.90% from the previous year[3] - The company's total assets amounted to RMB 2,878,815,069.10, a decrease from RMB 3,305,254,178.95 as of December 31, 2024, representing a decline of approximately 12.9%[11] - The company's cash and cash equivalents decreased to RMB 220,498,080.53 from RMB 383,039,794.67, reflecting a reduction of about 42.5%[11] - Accounts receivable decreased to RMB 126,289,532.52 from RMB 205,421,281.03, indicating a decline of approximately 38.4%[12] - Inventory decreased to RMB 769,631,342.80 from RMB 856,550,299.52, representing a decrease of about 10.2%[12] - The company reported a total current liabilities of RMB 1,059,606,608.86 as of September 30, 2025, down from RMB 1,309,175,247.59 as of December 31, 2024[12] - The company's total liabilities decreased to CNY 2,034,520,133.99 from CNY 2,347,186,671.42, reflecting a reduction of approximately 13.36%[14] - The total equity attributable to shareholders decreased to CNY 730,986,514.59 from CNY 820,890,018.67, a decline of about 10.95%[14] - The company's long-term equity investments decreased slightly to RMB 347,742,255.17 from RMB 354,256,846.43, a decline of about 1.8%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 140,217[7] - The largest shareholder, Liaoning Huasheng Automotive Parts Co., Ltd., held 15.26% of the shares, totaling approximately 296.94 million shares[8] Strategic Initiatives - The company has implemented measures to enhance operational efficiency and maintain overall profit stability despite market pressures[5] - The company plans to establish a joint venture, Shenwei Exploration (Shenyang) Technology Co., Ltd., with a registered capital of RMB 10 million, where the company will contribute RMB 5.1 million, holding a 51% stake[10] - The company will participate as a limited partner in the establishment of the Shenyang Automotive Industry Investment Fund with a total subscription amount of RMB 800 million, contributing RMB 20 million, which is 2.5% of the total[10] - The company approved a capital reduction for its subsidiary Shenhua Dongtou New Energy Investment Co., Ltd., reducing its registered capital from RMB 200 million to RMB 36.6 million[11] - The company also plans to reduce the registered capital of Inner Mongolia Shenhua Electric Power Service Co., Ltd. from RMB 20 million to RMB 300,000[11] Financial Reporting - The company's cash flow statement for the first three quarters of 2025 is unaudited, indicating ongoing financial assessments[16] - The company did not apply new accounting standards for the year 2025[19] - The company reported a significant reduction in credit impairment losses by 95.87%, mainly due to the previous year's recovery of receivables[5] - The company reported a significant increase in financial expenses, totaling CNY 47,381,648.34, compared to CNY 55,783,248.59 in the previous year[15] - The company experienced a decrease in employee compensation payable, which fell to CNY 15,484,566.25 from CNY 25,482,678.95, a reduction of about 39.24%[14] - The weighted average return on net assets was -3.987%, a decrease of 1.64 percentage points compared to the previous year[3]

曲美家居集团股份有限公司 2025 年第三季度报告 曲美家居集团股份有限公司 2025 年第三季度报告 证券代码：603818 证券简称：曲美家居 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： 公司董事会及董事、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。 公司负责人赵瑞海、主管会计工作负责人孙海凤及会计机构负责人（会计主管人员）张砾元保证 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 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 823,072,091.73 | -1.36 | 2,554,569,675 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥216,421,101.55, representing a year-on-year increase of 71.37%[3] - The total profit for the third quarter was ¥55,917,883.18, reflecting a significant increase of 93.78% compared to the same period last year[3] - Net profit attributable to shareholders for the third quarter was ¥36,278,962.07, up by 51.50% year-on-year[3] - The net profit after deducting non-recurring gains and losses for the third quarter was ¥35,214,416.40, an increase of 46.44% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥500,458,051.64, a significant increase of 42.1% compared to ¥352,345,641.49 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥100,375,476.08, up 37.5% from ¥72,928,227.31 in the first three quarters of 2024[19] - Operating profit increased to ¥122,321,325.09, representing a growth of 45.1% from ¥84,243,788.31 year-over-year[19] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,654,635,039.53, a 51.99% increase from the beginning of the year[4] - As of September 30, 2025, the company's total assets amounted to approximately ¥1,654.64 million, an increase from ¥1,088.61 million as of December 31, 2024, reflecting a growth of about 52%[14]. - The company's total liabilities amounted to ¥712,174,877.74, compared to ¥314,263,861.41 in the previous year, indicating a growth of 126.6%[19] - The total liabilities of the company reached approximately ¥1,654.64 million, with short-term borrowings amounting to ¥195.63 million, a substantial increase from ¥43.04 million[15]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥111,746,402.02, reflecting a 35.17% increase compared to the same period last year[3] - The company reported a total cash inflow from operating activities of ¥527,436,654.48, compared to ¥306,181,662.81 in the previous year, marking a growth of 72.0%[21] - Net cash inflow from operating activities amounted to ¥111,746,402.02, an increase from ¥82,669,917.46 in the previous period, reflecting a growth of approximately 35%[22] - The total cash and cash equivalents at the end of the period reached ¥77,260,057.40, compared to ¥38,265,555.43 at the end of the previous period, marking an increase of about 102%[23] - The company received cash from borrowings amounting to ¥150,959,500.00, compared to ¥53,229,590.00 previously, indicating a growth of approximately 183%[23] - Cash paid for debt repayment was ¥41,000,000.00, up from ¥8,000,000.00, reflecting an increase of 413%[23] Research and Development - Research and development expenses totaled ¥11,595,234.88 for the quarter, accounting for 5.36% of operating revenue, an increase of 0.26 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥23,023,155.84, an increase of 30.5% from ¥17,612,872.73 in the same period of 2024[19] Shareholder and Operational Notes - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12]. - There are no other significant reminders or operational issues noted for investors regarding the company's performance during the reporting period[13]. - The company does not plan to adopt new accounting standards starting from 2025[24]