Financial Performance - The company's operating revenue for Q3 2025 was ¥493,534,366.05, a decrease of 18.76% compared to the same period last year[5] - The net profit attributable to shareholders was ¥11,212,499.48, down 79.36% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥9,499,817.80, reflecting an 82.12% decline compared to the previous year[5] - The basic earnings per share were ¥0.02, down 83.33% year-on-year[5] - Total operating revenue for the current period is ¥1,509,332,040.38, a decrease of approximately 11.5% from ¥1,706,459,696.73 in the previous period[18] - Net profit for the current period is ¥76,953,428.48, a decline of 52.8% compared to ¥163,210,791.53 in the previous period[19] - Basic earnings per share for the current period is ¥0.14, down from ¥0.37 in the previous period[19] - The company reported a total comprehensive income of ¥58,494,557.58, down from ¥162,354,281.06 in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period reached ¥2,499,964,048.43, an increase of 23.51% from the end of the previous year[5] - Current assets increased to approximately ¥1.19 billion from ¥989.30 million, marking a growth of about 20.7%[16] - Total liabilities decreased to approximately ¥461.83 million from ¥701.22 million, a reduction of about 34.2%[17] - The company’s long-term liabilities decreased to approximately ¥105.35 million from ¥128.84 million, a decline of about 18.2%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,680[12] - The largest shareholder, Taizhou Zhenlong Intelligent Technology Co., Ltd., holds 61.89% of shares, totaling 364,743,500 shares[12] - The total equity attributable to shareholders of the parent company increased to ¥2,041,244,173.76 from ¥1,325,168,266.44[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥4,072,273.86, a significant decline of 97.43%[5] - Net cash flow from operating activities is ¥4,072,273.86, significantly lower than ¥158,562,257.72 in the previous period[20] - The company recorded a net cash outflow from investing activities of ¥404,533,265.44, compared to a smaller outflow of ¥57,605,156.62 in the previous period[20] - The company raised ¥720,785,325.00 from financing activities, compared to ¥166,000,000.00 in the previous period[21] Expenses and Income - Management expenses increased by 40.01% to $83,946,656.64, mainly due to rising employee compensation and listing-related costs[10] - Financial expenses turned negative at -$8,617,680.10, a decrease of 681.50%, impacted by exchange rate fluctuations[10] - Interest income rose by 90.25% to $4,976,059.03, attributed to increased deposit interest income[10] - Investment income surged by 2551.48% to $1,793,343.78, due to the recognition of previous structured deposit income[10] - Cash received from investment recovery increased by 557.50% to $263,000,000.00, as idle funds were used to redeem principal-protected financial products[10] - Cash paid for fixed assets and other long-term assets rose by 482.67% to $357,178,848.67, primarily due to ongoing construction of a new factory in Indonesia[10] Other Information - The company reported a total of ¥1,712,681.68 in non-recurring gains and losses for the current period[6] - Other comprehensive income decreased by 521.86% to -$14,921,771.40, primarily due to foreign currency translation differences[10] - The company distributed dividends amounting to $22,890,083.79, reflecting a 542.21% increase due to the implementation of the 2024 profit distribution[10] - The company's capital reserve increased significantly to ¥637.45 million from ¥105.54 million, reflecting a growth of approximately 503.5%[17] - The company’s deferred income tax liabilities decreased to ¥19.19 million from ¥27.83 million, a reduction of about 30.9%[17] - The third quarter financial report of the company has not been audited[22] - The new accounting standards will be implemented starting from 2025[22] - The board of directors meeting was held on October 31, 2025[23]

Financial Performance - The company's operating revenue for the third quarter was ¥114,539,032.74, a decrease of 6.54% compared to the same period last year[4]. - The total profit for the year-to-date period reached ¥25,365,780.91, with a net profit attributable to shareholders of ¥27,632,247.92[4]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥17,364,632.37 for the third quarter[4]. - Total operating revenue for the first three quarters of 2025 was CNY 350,629,873.70, a decrease of 2.14% compared to CNY 359,402,017.18 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was CNY 27,627,752.51, a turnaround from a net loss of CNY 28,400,706.00 in the same period of 2024[22]. - The company reported a total profit of CNY 25,365,780.91 for the first three quarters of 2025, compared to a total loss of CNY 22,988,834.03 in the previous year[22]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥60,020,426.83, representing a significant increase of 417.50%[5]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately $422.92 million, an increase from $406.77 million in the same period of 2024, representing a growth of about 4%[24]. - The net cash flow from operating activities significantly improved to $60.02 million in 2025, compared to $11.60 million in 2024, indicating a substantial increase in operational efficiency[24]. - Total cash outflow for operating activities was approximately $362.90 million in 2025, a decrease from $395.17 million in 2024, indicating better cost management[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,131,853,844.83, reflecting a 1.22% increase from the end of the previous year[5]. - Total current assets increased to ¥418,032,263.40 from ¥366,665,116.02, a growth of approximately 14.0%[15]. - Total liabilities decreased slightly to CNY 513,251,593.45 from CNY 516,587,993.08[20]. - Non-current assets totaled ¥1,713,821,581.43, down from ¥1,739,587,919.89, a decrease of approximately 1.5%[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 28,285[12]. - Shanghai Yanghe Industrial Co., Ltd. holds 20.82% of shares, with 78,249,836 shares pledged[12]. - Chen Dekang, a natural person, holds 11.67% of shares, totaling 43,871,004 shares[12]. Earnings Per Share - The basic earnings per share for the third quarter was ¥0.01, unchanged from the previous year[5]. - The diluted earnings per share for the third quarter was also ¥0.01, consistent with the previous year[5]. - Basic earnings per share for the first three quarters of 2025 was CNY 0.07, compared to a loss of CNY 0.08 in the same period of 2024[22]. Cost Management - The company has implemented cost control measures, resulting in a reduction in management expenses compared to the previous year[9]. - Total operating costs decreased significantly to CNY 336,856,292.82 from CNY 401,137,647.70, representing a reduction of approximately 16.06%[21]. - Research and development expenses decreased to CNY 14,861,974.29 from CNY 44,765,811.58, a reduction of approximately 66.8%[21]. Government Subsidies - The company reported a significant increase in government subsidies recognized, amounting to ¥1,583,793.41 for the year-to-date period[7]. Investment Activities - Cash outflow from investment activities totaled approximately $127.50 million in 2025, a decrease from $282.94 million in 2024, reflecting a reduction in capital expenditures[25]. - The net cash flow from investment activities was negative at -$85.68 million in 2025, an improvement from -$188.69 million in 2024, suggesting better investment management[25]. - The company received approximately $40.47 million from other investment-related cash inflows in 2025, a significant increase from $10.09 million in 2024, reflecting improved investment returns[25]. Financial Reporting - The company did not apply new accounting standards for the first time in 2025, maintaining consistency in financial reporting[26].

Financial Performance - The company's operating revenue for Q3 2025 was ¥542,480,778.50, representing a year-on-year increase of 14.04%[3] - The total profit for the quarter was ¥52,374,952.68, a significant increase of 124.02% compared to the same period last year[3] - Net profit attributable to shareholders was ¥39,245,693.69, up 123.80% year-on-year[3] - The basic earnings per share for the quarter was ¥0.1759, reflecting a 123.79% increase compared to the previous year[3] - The net profit attributable to shareholders for the year-to-date was ¥53,269,885.92, down 63.84% compared to the previous year[3] - The net profit for the first three quarters of 2025 is CNY 54,020,386.58, a decrease from CNY 147,358,092.70 in the same period of 2024, representing a decline of approximately 63.4%[18] - Operating profit for the first three quarters of 2025 is CNY 63,455,424.94, down from CNY 153,647,524.75 in 2024, indicating a decrease of about 58.7%[18] - The total comprehensive income for the first three quarters of 2025 is CNY 74,974,927.96, down from CNY 146,660,041.96 in 2024, a decrease of approximately 48.9%[18] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.2388, down from CNY 0.6604 in 2024, representing a decline of about 63.8%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,030,693,993.01, an increase of 2.56% from the end of the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 2,030,693,993.01, up from CNY 1,980,057,333.84 at the end of 2024, an increase of 2.5%[14] - Total liabilities increased slightly to CNY 860,399,830.63 from CNY 835,659,103.08, reflecting a growth of 2.9%[13] - Shareholders' equity rose to CNY 1,170,294,162.38, compared to CNY 1,144,398,230.76 in 2024, an increase of 2.3%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥24,541,621.52[3] - Cash flow from operating activities for the first three quarters of 2025 is CNY 24,541,621.52, compared to a negative cash flow of CNY 51,595,472.56 in the same period of 2024, showing a significant improvement[20] - The cash flow from investing activities for the first three quarters of 2025 is CNY 6,852,987.70, compared to CNY 4,793,074.33 in 2024, reflecting an increase of approximately 43.0%[21] - The total cash outflow from financing activities for the first three quarters of 2025 is CNY 190,377,229.39, compared to CNY 218,473,721.73 in 2024, indicating a decrease of approximately 12.9%[21] - The cash and cash equivalents at the end of the period for 2025 is CNY 368,615,925.25, up from CNY 277,907,854.36 in 2024, indicating a growth of about 32.6%[21] Operational Metrics - Total operating revenue for the first three quarters of 2025 reached CNY 1,539,077,117.96, an increase of 12.4% compared to CNY 1,368,880,300.43 in the same period of 2024[17] - Total operating costs for the first three quarters of 2025 were CNY 1,536,044,900.73, up from CNY 1,367,296,395.88 in 2024, reflecting a growth of 12.4%[17] - Operating profit margin improved, with operating costs as a percentage of revenue decreasing from 100.1% in 2024 to 99.9% in 2025[17] - The company reported a net profit for the first three quarters of 2025, with a profit margin improvement due to cost management strategies implemented during the period[17] Inventory and Receivables - Inventory increased significantly to CNY 406,629,703.58, compared to CNY 336,323,956.50 in 2024, marking a rise of 20.9%[12] - Accounts receivable decreased to CNY 172,162,204.84 from CNY 189,373,266.78, a reduction of 9.4%[11] Other Information - The company received compensation for property expropriation, which significantly impacted the profit figures for the quarter[5] - The weighted average return on equity decreased by 9.25 percentage points to 4.64% year-to-date[3] - The company reported non-recurring gains and losses totaling ¥38,619,257.70 for the quarter[6] - The company has not executed any mergers or acquisitions during the reporting period[22]

Financial Performance - The company's operating revenue for the third quarter was ¥332,924,485.39, representing a year-on-year increase of 2.03%[4] - The total profit for the quarter was ¥30,704,135.81, reflecting a growth of 10.97% compared to the same period last year[4] - The net profit attributable to shareholders was ¥26,181,422.31, which is an increase of 6.31% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥27,367,135.43, showing a significant increase of 21.56% compared to the previous year[4] - The company's net profit for the first three quarters of 2025 reached CNY 82,703,612, a slight increase from CNY 82,573,962 in the same period of 2024, representing a growth of 0.16%[22] - Operating profit for the first three quarters of 2025 was CNY 92,638,730, compared to CNY 90,477,420 in 2024, indicating an increase of 2.4%[22] - Total revenue from operating activities for the first three quarters of 2025 was CNY 1,063,985,892.58, up from CNY 1,052,185,145.08 in 2024, reflecting a growth of 1.8%[24] - The total comprehensive income for the first three quarters of 2025 was CNY 84,942,340.77, slightly higher than CNY 84,309,316.98 in 2024, showing an increase of 0.75%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,119,167,643.39, a rise of 1.30% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 2,119,167,643.39, compared to RMB 2,091,907,982.18 at the end of 2024[16] - Total liabilities decreased to RMB 548,824,218.59 from RMB 592,087,705.88 year-over-year[16] - Shareholders' equity increased to RMB 1,570,343,424.80 from RMB 1,499,820,276.30 in the previous year[17] Earnings and Cash Flow - The basic earnings per share for the quarter was ¥0.14, which is a 7.69% increase from the same period last year[5] - The diluted earnings per share also stood at ¥0.14, consistent with the basic earnings per share[5] - The net cash flow from operating activities for the year-to-date was ¥107,838,530.23, reflecting a decrease of 15.58% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 107,838,530.23, down from CNY 127,733,009.89 in 2024, a decrease of 15.6%[25] - The company reported a net cash outflow from investing activities of CNY -82,491,746.80 for the first three quarters of 2025, an improvement compared to CNY -153,932,228.77 in 2024[26] - The company’s cash and cash equivalents at the end of the period were CNY 181,066,907.59, compared to CNY 169,883,379.66 at the end of the same period in 2024, an increase of 6.9%[26] Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 860,327,507.70, down 3.2% from RMB 888,258,221.54 in the previous year[20] - Operating costs included RMB 728,173,562.70 in operating expenses, which decreased from RMB 761,322,317.72 year-over-year[20] - Research and development expenses for the first three quarters of 2025 amounted to CNY 47,382,916.68, compared to CNY 46,222,550.75 in 2024, an increase of 2.5%[22] - The company reported a tax expense of CNY 9,552,364.60 for the first three quarters of 2025, up from CNY 8,729,771.02 in 2024, reflecting an increase of 9.4%[22] - The company reported non-recurring gains and losses totaling -¥1,185,713.12 for the quarter[8] - The company's financial expenses for the first three quarters of 2025 were CNY -1,422,486.75, compared to CNY -738,987.07 in 2024, indicating a worsening of 92.6%[22] Inventory and Cash Equivalents - Cash and cash equivalents as of September 30, 2025, were RMB 197,062,398.71, down from RMB 213,337,444.00 at the end of 2024[14] - Inventory as of September 30, 2025, was RMB 238,757,404.28, slightly up from RMB 235,589,533.35 at the end of 2024[15] Market and Product Development - No significant new product launches or market expansion strategies were mentioned during the earnings call[18]

Revenue and Profit - The company's revenue for Q3 2025 reached ¥982.32 million, an increase of 11.07% compared to the same period last year[4] - For the first nine months of 2025, the company achieved a total revenue of ¥2.88 billion, reflecting a year-on-year growth of 13.42%[6] - The total profit for Q3 2025 was a loss of ¥66.54 million, while the net profit attributable to shareholders was a loss of ¥82.01 million[4] - The gross profit for the first nine months of 2025 was ¥730 million, up 22.69% year-on-year, primarily driven by strong performance in the cellular baseband chip segment[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,880,390,411.07, an increase of 13.4% compared to ¥2,539,638,300.17 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was a loss of ¥284,039,905.73, an improvement from a loss of ¥384,265,089.00 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of ¥327,415,020.25, compared to a loss of ¥412,467,732.35 in the previous year, indicating a narrowing of losses[20] - The company reported a total comprehensive loss of ¥335,940,468.09 for the first three quarters of 2025, compared to a loss of ¥424,773,760.41 in the same period of 2024[21] Expenses and Costs - Research and development expenses for Q3 2025 amounted to ¥336.20 million, an increase of 8.60% year-on-year, representing 34.22% of total revenue[5] - Total operating costs increased to ¥3,249,497,710.14, up 10.3% from ¥2,946,699,399.97 year-over-year[19] - Cash paid for purchasing goods and services was ¥2,792,363,125.10, up from ¥2,166,060,795.64 in the same period last year[22] - Cash paid to employees increased to ¥752.30 million from ¥734.14 million year-over-year[23] Cash Flow and Liquidity - The cash flow from operating activities for the first nine months of 2025 was a net outflow of ¥290.07 million[5] - Cash inflows from operating activities totaled ¥3,278,319,664.36, a significant increase from ¥2,556,646,213.57 in the first three quarters of 2024[22] - The net cash flow from operating activities was -$290.07 million, an improvement from -$366.04 million in the previous period[23] - The total cash outflow from operating activities was $3.57 billion, compared to $2.92 billion in the previous period[23] - The ending cash and cash equivalents balance rose to $3.16 billion, up from $2.22 billion year-over-year[24] Assets and Liabilities - The total assets of the company at the end of Q3 2025 were ¥6.87 billion, a 5.02% increase from the end of the previous year[5] - Total assets as of September 30, 2025, reached RMB 6,865,109,971.11, an increase from RMB 6,536,868,670.00 as of December 31, 2024[15] - Cash and cash equivalents amounted to RMB 3,162,199,331.67, up from RMB 2,622,538,970.05 in the previous year, reflecting a growth of approximately 20.5%[15] - Total current liabilities rose to RMB 1,266,534,380.45, compared to RMB 736,294,799.95, indicating an increase of approximately 72%[16] - Total liabilities amounted to ¥1,351,107,599.93, compared to ¥855,090,183.65 in the previous year, reflecting a substantial increase[17] - The company’s total liabilities increased significantly, indicating a potential need for strategic financial management moving forward[16] Shareholder Information - The number of shares held by the largest shareholder, Alibaba (China) Network Technology Co., Ltd., is 64,557,440, representing 15.43% of total shares[12] - The company has a total of 23,356 common shareholders at the end of the reporting period[12] - The total equity attributable to shareholders was ¥5,514,002,371.18, down from ¥5,681,778,486.35 year-over-year[17] Future Outlook - The company expects significant revenue growth in the next year as multiple projects are set for acceptance and delivery[6] Non-recurring Items - Non-recurring gains and losses for the first nine months of 2025 totaled ¥54.59 million, reflecting an increase in government subsidies and fair value gains from investments[10] Accounting Standards - The company will not apply new accounting standards starting from 2025[25]

Financial Performance - The company's operating revenue for the third quarter was ¥715,430,811.34, representing a year-on-year increase of 6.69%[4]. - The total profit for the quarter was ¥21,514,114.39, showing a decrease of 24.33% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥23,298,192.49, down 21.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 44.87%, primarily due to rising raw material prices affecting the gross profit margin[9]. - Total operating revenue for the first three quarters of 2025 was CNY 2,169,930,015.85, a slight decrease from CNY 2,200,888,367.79 in the same period of 2024, representing a decline of approximately 1.4%[17]. - Net profit for the first three quarters of 2025 was CNY 105,191,699.28, compared to CNY 103,853,820.51 in 2024, showing an increase of about 1.3%[18]. - Operating profit for the first three quarters of 2025 was CNY 105,139,672.99, up from CNY 124,568,462.99 in 2024, indicating a decrease of approximately 15.6%[18]. - The company reported a decrease in total operating costs for the first three quarters of 2025, which amounted to CNY 2,076,736,647.10, down from CNY 2,098,088,096.83 in 2024, a reduction of approximately 1.0%[17]. - Earnings per share for the first three quarters of 2025 were CNY 0.21, slightly higher than CNY 0.20 in 2024, indicating a growth of 5.0%[18]. - The company experienced a foreign exchange loss of CNY 330,082.33 in the first three quarters of 2025, compared to a loss of CNY 304,989.30 in 2024, reflecting a worsening of approximately 8.2%[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,221,129,851.96, an increase of 1.72% from the end of the previous year[5]. - As of September 30, 2025, the total assets of Zhejiang Tianzheng Electric Co., Ltd. amounted to CNY 3,221,129,851.96, an increase from CNY 3,166,610,825.26 at the end of 2024, reflecting a growth of approximately 1.73%[13]. - The total liabilities increased to CNY 1,435,823,026.03 from CNY 1,359,737,550.11, representing an increase of about 5.59%[15]. - The total equity attributable to shareholders decreased to CNY 1,785,306,825.93 from CNY 1,806,873,275.15, a decline of about 1.19%[15]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥133,819,893.39, reflecting a significant increase of 66.84%[4][9]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 133,819,893.39, an increase from CNY 80,208,721.78 in 2024, reflecting a growth of about 66.8%[19]. - Cash flow from investing activities for the first three quarters of 2025 was CNY 204,865,322.42, compared to a negative cash flow of CNY 127,857,020.08 in 2024, indicating a significant improvement[19]. - The total cash and cash equivalents at the end of the first three quarters of 2025 was CNY 640,351,549.19, up from CNY 498,626,163.54 in 2024, representing an increase of approximately 28.5%[20]. - The company's cash and cash equivalents decreased to CNY 711,710,576.70 from CNY 725,295,587.36, a decline of approximately 1.81%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,340[10]. - The largest shareholder, Tianzheng Group Co., Ltd., held 24.55% of the shares, totaling 123,933,700 shares[11]. Inventory and Receivables - Accounts receivable rose to CNY 876,033,489.04, up from CNY 770,171,545.97, indicating an increase of about 13.73%[13]. - Inventory decreased to CNY 253,831,323.98 from CNY 287,030,339.52, a reduction of approximately 11.56%[14]. - The company reported a significant increase in prepayments, rising to CNY 20,120,199.26 from CNY 15,703,921.55, an increase of approximately 27.66%[13]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 111,116,551.00, compared to CNY 116,491,480.32 in 2024, showing a decrease of about 4.7%[17]. Non-Recurring Gains - The company received government subsidies amounting to ¥2,301,758.81 during the quarter, contributing to its non-recurring gains[7].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥508,156,758.74, an increase of 5.81% compared to the same period last year[3] - Net profit attributable to shareholders was ¥11,691,688.54, reflecting a growth of 14.43% year-on-year[3] - The net profit excluding non-recurring gains and losses was ¥7,431,590.26, up 6.03% from the previous year[3] - Total operating revenue for the current period reached ¥1,414,516,724.97, an increase of 9.9% compared to ¥1,287,401,829.56 in the previous period[16] - Total operating costs amounted to ¥1,407,834,325.66, up from ¥1,270,797,082.91, reflecting a growth of 10.8%[16] - Net profit for the current period was ¥30,211,598.35, slightly down from ¥30,335,190.46, indicating a decrease of 0.4%[17] - Earnings per share (EPS) increased to ¥0.114 from ¥0.099, representing a growth of 15.2%[18] - The company reported a total comprehensive income of ¥28,024,734.11, down from ¥31,080,686.11, a decrease of 9.9%[18] - Investment income for the current period was ¥6,754,697.36, compared to ¥6,352,068.06, reflecting an increase of 6.3%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥95,885,061.89, up 15.49% year-on-year[3] - Cash flow from operating activities generated a net amount of ¥95,885,061.89, compared to ¥83,024,620.91 in the previous period, marking an increase of 15.1%[19] - Net cash flow from investment activities was -137,439,200.14, compared to -382,079,025.20 in the previous period, indicating an improvement[20] - Cash inflow from financing activities totaled 979,536,056.64, up from 703,247,873.97, reflecting increased borrowing[20] - Cash outflow for debt repayment was 889,235,733.98, significantly higher than 260,057,857.61 in the prior period[20] - The net increase in cash and cash equivalents was 85,468.55, compared to 76,060,039.33 previously, showing a modest increase[20] - The ending balance of cash and cash equivalents was 245,829,249.94, compared to 223,231,564.43 in the previous period[20] - Total cash outflow from investment activities was 963,440,052.80, compared to 681,658,161.80 previously, indicating increased investment spending[20] - Cash flow from financing activities netted 41,675,044.34, a decrease from 374,214,867.64 in the prior period[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,856,493,161.49, representing a 2.15% increase from the end of the previous year[3] - The company's total current assets amount to ¥1,976,762,052.39, an increase from ¥1,909,759,015.71 at the beginning of the period[12] - The total liabilities of the company are ¥2,838,097,731.55, with current liabilities at ¥1,383,891,121.17[13] - Total liabilities increased to ¥1,984,520,939.64 from ¥1,929,482,124.17, a rise of 2.9%[14] - The company's cash and cash equivalents increased to ¥266,456,779.55 from ¥252,431,912.37[12] - Inventory levels rose to ¥698,892,704.07, up from ¥649,214,003.34[12] - The company has a total of ¥124,989,918.51 in accounts payable, an increase from ¥81,763,799.58[13] - The company’s long-term borrowings stand at ¥454,206,610.38, down from ¥472,826,452.02[13] - The company's total equity attributable to shareholders reached ¥1,802,995,537.20, compared to ¥1,777,137,438.47, an increase of 1.4%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,496[10] - The largest shareholder, Shenzhen Yinqiao Investment Co., Ltd., holds 13.92% of shares, totaling 36,635,001 shares[10] Other Information - The company experienced a 64.03% decrease in net cash flow from investing activities, totaling -¥137,440,000, mainly due to reduced capital expenditures for base construction[9] - The net cash flow from financing activities decreased by 88.86% to ¥41,680,000, primarily due to increased cash outflows for repaying bank loans[9] - The company did not undergo an audit for the third quarter financial report[21] - The new accounting standards will be first implemented starting in 2025[22]

Financial Performance - The company's operating revenue for the third quarter was ¥74,463,133.35, a decrease of 23.60% compared to the same period last year[4] - The total profit for the quarter was -¥11,136,712.35, with a year-to-date total profit of -¥45,411,967.10[4] - The net profit attributable to shareholders was -¥8,059,027.95 for the quarter, and -¥34,988,266.56 year-to-date[4] - The basic earnings per share for the quarter was -¥0.02, and -¥0.10 year-to-date[5] - Net profit for the first three quarters of 2025 was a loss of CNY 47,739,528.36, compared to a loss of CNY 31,527,163.24 in the same period of 2024, representing a decline of 51.5%[22] - The company reported a basic and diluted earnings per share of CNY -0.10, compared to CNY -0.07 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,330,178,736.43, a decrease of 7.30% from the end of the previous year[5] - Total assets as of September 30, 2025, are ¥1,330,178,736.43, down from ¥1,434,868,405.00 at the end of 2024[16] - Total liabilities decreased to ¥374,319,216.99 from ¥431,269,357.20 year-over-year[17] - Total liabilities and equity amounted to CNY 1,330,178,736.43, a decrease from CNY 1,434,868,405.00 in the previous year[18] - The equity attributable to shareholders was ¥907,957,615.90, down 3.71% from the previous year-end[5] - The equity attributable to shareholders of the parent company was CNY 907,957,615.90, down from CNY 942,945,882.46 year-over-year[18] Cash Flow - The company reported an increase in cash flow from operating activities, primarily due to increased cash received from sales[9] - Cash flow from operating activities showed a net outflow of CNY 2,549,106.40, an improvement from a net outflow of CNY 39,739,381.65 in the previous year[25] - Cash inflow from investment activities was CNY 546,174,611.33, compared to CNY 485,264,285.65 in the same period of 2024, indicating a growth of 12.6%[25] - Cash outflow for investment activities totaled CNY 535,605,489.14, an increase from CNY 507,416,819.37 year-over-year[25] - The net cash flow from financing activities was -$3,502,142.91, a significant decrease compared to $26,412,579.47 in the previous period[26] - The total cash and cash equivalents at the end of the period increased to $85,569,044.99 from $64,093,737.35, reflecting a net increase of $4,517,872.88[26] - The cash outflow from financing activities totaled $5,647,670.03, compared to $3,397,100.80 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,899[12] - The largest shareholder, Anji Yiqing Technology Partnership, holds 88,872,943 shares, representing 25.00% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[13] Operational Insights - The overall production costs remained high, impacting the gross profit margin negatively[9] - The company is focusing on improving operational efficiency to mitigate the impact of high fixed costs on profitability[10] - There are no new strategies or significant operational changes reported for the current period[14] Research and Development - Research and development expenses decreased to CNY 8,814,595.04, down 28.5% from CNY 12,254,545.11 year-over-year[21]

Financial Performance - The company's operating revenue for the third quarter was CNY 13,167,730,186.85, a decrease of 3.93% compared to the same period last year[5] - The total profit for the quarter was CNY 181,692,169.91, down 18.04% year-on-year[5] - The net profit attributable to shareholders was CNY 110,694,512.43, reflecting a decline of 15.22% compared to the previous year[5] - The basic earnings per share decreased by 10.00% to CNY 0.09, while diluted earnings per share fell by 20.00% to CNY 0.08[5] - Total operating revenue for the first three quarters of 2025 reached ¥41.14 billion, a slight increase of 0.48% compared to ¥40.94 billion in the same period of 2024[38] - Net profit for the first three quarters of 2025 was ¥529.76 million, down 6.04% from ¥563.81 million in the previous year[39] - The total comprehensive income for the first three quarters of 2025 was ¥527.35 million, down from ¥591.96 million in 2024, reflecting a decline of 10.87%[39] - The net profit for the first three quarters of 2025 was CNY 336,047,245.31, down 8.0% from CNY 365,157,231.84 in the first three quarters of 2024[45] Assets and Liabilities - Total assets increased by 10.99% to CNY 34,045,054,183.45 compared to the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to RMB 34,045,054,183.45, an increase from RMB 30,673,626,932.52 as of December 31, 2024[34] - Current assets totaled RMB 31,003,426,359.15, compared to RMB 27,807,861,740.60 at the end of 2024, reflecting a growth of approximately 11.5%[35] - The total liabilities and shareholders' equity reached ¥34.05 billion, an increase of 10.00% from ¥30.67 billion in the previous year[38] - The total liabilities increased to CNY 13,892,435,691.26 as of September 30, 2025, compared to CNY 12,444,743,701.74 at the end of 2024[43] Cash Flow - Cash flow from operating activities showed a significant decline, primarily due to reduced sales collections[8] - The net cash flow from operating activities for the first three quarters of 2025 was -¥4.98 billion, worsening from -¥2.89 billion in the same period of 2024[41] - The company's cash flow from operating activities showed a net outflow of CNY 1,705,552,524.18 for the first three quarters of 2025, compared to a net outflow of CNY 1,101,127,686.26 in the same period of 2024[46] - The net cash flow from investing activities was -$2.08 billion, compared to -$1.53 billion in the previous period[47] - The net cash flow from financing activities was $2.45 billion, up from $1.62 billion in the prior period[47] - The company experienced a net decrease in cash and cash equivalents of -$1.34 billion, compared to -$1.01 billion in the previous period[47] Shareholder Information - The company reported a total of 51,638 common shareholders at the end of the reporting period[10] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 44.17% of the shares[10] - The company repurchased 17,999,852 shares, accounting for 1.38% of the total share capital, with a total expenditure of RMB 88,922,100[17] Investments and Financing - The company issued 10,814,910 convertible bonds with a total fundraising amount of RMB 1,081,491,000, net amount after expenses being RMB 1,069,040,922.31[13] - The company issued short-term financing bonds totaling RMB 15 billion to supplement working capital and repay bank loans[19] - The company approved a borrowing limit of up to RMB 4 billion from its controlling shareholder for daily operational funding[24] - The company signed a strategic investment agreement with Guangzhou Baiyunshan Pharmaceutical Group, where Baiyunshan's subsidiary plans to acquire 144,557,431 shares from Alliance Healthcare, representing 11.04% of the company's total shares[27] Research and Development - Research and development expenses decreased to ¥25.90 million in 2025 from ¥30.54 million in 2024, indicating a reduction of 15.36%[38] - The company reported a decrease in research and development expenses to CNY 7,576,143.84 in the first three quarters of 2025, down from CNY 8,818,792.19 in the same period of 2024[44] Other Information - The company completed the purchase of its headquarters building for a total price of RMB 326,736,120.00[29] - The company held a half-year performance briefing on September 18, 2025, to address investor concerns and provide updates on its financial performance[32] - The company appointed several new vice presidents, aligning their terms with the current board's tenure[33] - The company will not apply new accounting standards starting from 2025[48]

Financial Performance - The company's operating revenue for Q3 2025 was ¥241,559,161.11, a decrease of 14.38% year-on-year, while the revenue for the year-to-date period was ¥732,722,538.76, down 4.11% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥27,748,294.53, an increase of 29.45% year-on-year, and the year-to-date net profit was ¥94,274,126.29, up 25.75%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was ¥26,646,913.92, a growth of 35.28% year-on-year, with a year-to-date figure of ¥92,694,170.99, increasing by 44.38%[5] - The basic earnings per share for Q3 2025 was ¥0.12, reflecting a 20.00% increase year-on-year, while the diluted earnings per share was also ¥0.12, with the same growth rate[5] - The company's net profit for the current period is 93,381,165.17, an increase of 24.6% compared to 74,871,253.18 in the previous period[21] - Operating profit for the current period is 101,826,062.84, up from 81,710,704.18, reflecting a growth of 24.6%[21] - The total profit for the current period is 101,848,915.38, compared to 81,675,963.03 in the previous period, reflecting a growth of 24.6%[21] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥2,023,718,971.66, representing a 0.75% increase from the end of the previous year[5] - Total assets increased slightly to ¥2,023,718,971.66 from ¥2,008,712,602.76, representing a growth of 0.7%[19] - Total liabilities decreased to ¥563,081,654.38 from ¥587,184,960.66, a reduction of 4.1%[18] - The company's equity attributable to shareholders rose to ¥1,371,530,278.40 from ¥1,330,748,271.90, an increase of 3.1%[19] Cash Flow - The company's cash flow from operating activities for the year-to-date period reached ¥216,842,645.22, a significant increase of 326.06%[5] - Cash flow from operating activities has significantly improved, with a net cash flow of 216,842,645.22 compared to a negative cash flow of -95,922,978.51 in the previous period[22] - The net cash flow from investing activities was -181,769,603.65, a decline from a positive cash flow of 148,077,336.06 in the previous period[22] - The company experienced a net cash outflow from financing activities of -58,371,592.37, slightly improved from -60,894,415.63 in the previous period[23] Revenue and Costs - Sales revenue reached ¥1,015,987,802.56, reflecting a growth of 61.31% primarily due to the collection of overdue payments[11] - Total operating revenue for the current period was ¥732,722,538.76, a decrease of 4.9% from ¥764,126,725.89 in the previous period[20] - Total operating costs decreased to ¥641,528,075.06, down 7.9% from ¥696,500,217.93 in the previous period[20] - Operating costs included ¥556,920,034.65 for cost of goods sold, a reduction from ¥611,927,565.87, indicating a 9% decrease[20] - The company reported a net profit margin improvement, with net profit increasing despite lower revenues, reflecting effective cost management[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,326, with no preferred shareholders[13] - The largest shareholder, Peng You, holds 55.14% of the shares, totaling 123,201,488 shares[13] Investments and Assets - The company invested ¥95,343,957.15 in fixed assets, an increase of 49.01% due to the acquisition of new equipment[11] - The company's fixed assets increased by 70.70% to ¥406,343,997.59, mainly due to the transfer of construction projects to fixed assets[10] - The company recorded a significant increase of 686.09% in other non-current assets, amounting to ¥17,855,892.14, attributed to an increase in prepaid equipment[10] Research and Development - Research and development expenses remained stable at ¥39,477,815.75, slightly up from ¥39,399,324.22, indicating continued investment in innovation[20] - The company plans to expand its market presence and invest in new technologies to drive future growth[20] Other Financial Metrics - The company incurred an impairment loss of ¥9,318,362.95, which is an increase of 91.93% attributed to higher inventory write-downs[11] - Cash received from investment income decreased by 53.43% to ¥6,206,471.57, primarily due to a decline in the yield of financial products[11] - Cash and cash equivalents decreased to ¥128,057,621.15 from ¥152,262,500.64, a decline of 15.9%[18] - Cash and cash equivalents at the end of the period totaled 116,120,646.91, compared to 28,531,036.44 at the end of the previous period, showing a significant increase[23] - Cash received from financing activities increased by 93.36% to ¥8,097,496.00, mainly due to equity incentive impacts[11] Audit Information - The company has not undergone an audit for the third quarter financial report[24]