Financial Performance - The company's operating revenue for Q3 2025 was ¥1,119,042,853.27, representing a year-on-year increase of 2.87%[5] - The net profit attributable to shareholders decreased by 74.48% to ¥12,654,665.05 compared to the same period last year[5] - The basic earnings per share fell by 74.56% to ¥0.0258, while diluted earnings per share decreased by 75.84% to ¥0.0245[5] - The total profit decreased by 48.78%, attributed to a decline in product gross margin[9] - Net profit for the current period was ¥60,835,856.60, a decrease of 45.67% from ¥112,105,583.82 in the previous period[21] - Earnings per share (EPS) for the current period was ¥0.1243, down from ¥0.2298 in the previous period[21] - The company reported a decrease in operating profit to ¥61,754,962.32 from ¥121,752,667.93 in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,514,656,947.94, an increase of 2.34% from the end of the previous year[5] - Total assets increased to ¥4,514,656,947.94, compared to ¥4,411,272,021.09 in the previous period[19] - Total liabilities rose to ¥2,668,510,777.09, up from ¥2,569,681,522.24 in the prior period[19] - Total equity attributable to shareholders of the parent company was ¥1,845,706,266.22, slightly up from ¥1,840,990,566.88[19] Cash Flow - The net cash flow from operating activities increased by 126.06% to ¥47,538,106.44 year-to-date[5] - The company’s cash flow from operating activities showed a net increase of 126.06%, driven by higher operational receipts[9] - Operating cash flow for the current period was ¥47,538,106.44, a significant improvement from a negative cash flow of ¥182,386,410.35 in the previous period[22] - Total cash inflow from operating activities increased to ¥3,061,069,307.06, compared to ¥2,635,247,783.12 in the prior period, reflecting a growth of approximately 16.2%[22] - Cash outflow from operating activities was ¥3,013,531,200.62, up from ¥2,817,634,193.47, indicating an increase of about 6.9%[22] - The company reported a net decrease in cash and cash equivalents of ¥118,794,585.25, compared to a decrease of ¥111,896,649.96 in the prior period[23] - The ending balance of cash and cash equivalents was ¥141,053,820.18, down from ¥170,759,955.03[23] Shareholder Information - Total number of common shareholders at the end of the reporting period was 23,561[11] - Liu Jiangshan holds 19.45% of shares, amounting to 97,897,902 shares, making him the largest shareholder[11] - Bohai International Trust holds 14.43% of shares, totaling 72,629,372 shares[11] - The total number of shareholders with preferred shares is zero, indicating no preferred stockholders[12] Investments and Expenses - The company reported a significant increase in investment income by 242.45%, primarily due to increased interest from bank acceptance discounts[9] - The company experienced a 63.79% decrease in credit impairment losses, indicating a reduction in bad debt provisions[9] - Research and development expenses increased to ¥29,168,511.31, compared to ¥23,783,121.10 in the previous period, reflecting a growth of 22.53%[20] Operational Changes - The company plans to upgrade its carbon black tail gas waste heat power generation unit as part of its energy-saving initiatives[15] - The first unlock period for the 2024 restricted stock incentive plan will allow 5,032,000 shares to be released for trading on October 17, 2025[13] - The company has reformed its supervisory board, transferring its powers to the audit committee of the board of directors[14] Tax and Audit - The company reported a 90.56% decrease in income tax expenses, reflecting a reduction in overall profits[9] - The company did not conduct an audit for the third quarter financial report[24]

Financial Performance - The company's revenue for Q3 2025 was ¥1,708,405,101.09, representing a 0.52% increase year-over-year, while the year-to-date revenue decreased by 2.70% to ¥5,107,239,390.20[5] - Net profit attributable to shareholders for Q3 2025 was ¥81,776,859.11, a significant decline of 54.79% compared to the same period last year, and a year-to-date decrease of 30.42% to ¥375,105,400.44[5] - The basic earnings per share for Q3 2025 was ¥0.088, down 55.33% year-over-year, with diluted earnings per share also at ¥0.088[5] - Total operating revenue for the current period was ¥5,107,239,390.20, a decrease of 2.7% from ¥5,248,955,388.41 in the previous period[18] - Net profit for the current period was ¥374,358,132.92, a decline of 30.4% compared to ¥537,135,477.09 in the previous period[19] - Earnings per share (EPS) for the current period was ¥0.409, down from ¥0.5870 in the previous period[19] - The company reported a total comprehensive income of ¥478,206,859.08, compared to ¥253,806,625.07 in the previous period[19] - Other comprehensive income after tax for the current period was ¥103,848,726.16, compared to a loss of -¥283,328,852.02 in the previous period[19] Assets and Liabilities - The company's total assets at the end of Q3 2025 were ¥7,427,230,077.00, a decrease of 11.20% from the end of the previous year[5] - As of September 30, 2025, the total current assets amount to RMB 3.586 billion, down from RMB 4.419 billion at the beginning of the period[16] - The total liabilities include short-term borrowings of RMB 1.151 billion, reduced from RMB 2.077 billion at the beginning of the period[16] - Total liabilities amounted to ¥3,394,463,222.34, a decrease from ¥4,862,493,048.10 in the previous period[20] - Total equity attributable to shareholders increased to ¥4,017,187,869.94 from ¥3,486,942,634.75 in the previous period[20] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥471,190,584.58, reflecting a decrease of 48.53%[5] - Operating cash flow for the current period is ¥471,190,584.58, a decrease of 48.5% from ¥915,418,980.40 in the previous period[21] - Cash inflow from sales of goods and services is ¥4,696,223,667.71, a decline of 12.9% compared to ¥5,390,317,188.31[21] - Cash outflow for purchasing goods and services is ¥3,033,218,990.17, down from ¥3,462,868,624.28, indicating a decrease of 12.4%[21] - Total cash inflow from investment activities is ¥355,205,975.21, up from ¥190,251,453.05, marking an increase of 86.5%[22] - Net cash flow from financing activities is -¥952,497,045.71, worsening from -¥309,900,205.45 in the previous period[22] - The total cash and cash equivalents at the end of the period is ¥1,060,580,099.63, down from ¥1,211,644,790.67[22] - Cash inflow from investment income is ¥306,310,493.02, an increase from ¥182,521,779.55, reflecting a growth of 67.9%[22] - Cash outflow for financing activities totaled ¥2,159,766,941.53, compared to ¥1,929,649,239.86 in the previous period, showing an increase of 11.9%[22] - The company received cash from new investments amounting to ¥2,310,000.00, up from ¥1,902,000.00, representing a growth of 21.5%[22] - The impact of exchange rate changes on cash and cash equivalents was ¥17,379,048.22, a positive shift from -¥136,505,439.68 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 67,447[11] - Jiangyin Moulding Group Co., Ltd. holds 37.81% of shares, amounting to 347,145,082 shares, with 260,289,700 shares pledged[11] Projects and Future Outlook - The company received project confirmations for exterior parts from a North American electric vehicle company, expected to generate total sales of RMB 1.236 billion over a lifecycle of 5 years, starting production in January 2026[13] - Another project from a luxury car client is projected to yield total sales of RMB 2.044 billion over 5 years, with production starting in January 2028[13] Financial Changes - The company reported a significant decrease in financial assets, with trading financial assets down 47.09% to ¥12,695.60 due to the sale of part of its Jiangsu Bank shares[9] - The company experienced a 206.23% increase in prepayments, amounting to ¥23,014.25, primarily due to increased prepayments for specialized equipment customization[9] - The company recorded a loss of ¥33,096,661.99 from the fair value changes of financial assets and liabilities, contrasting with a gain of ¥16,614,269.01 in the previous year[6] - The company’s financial expenses increased significantly by 255.76% to ¥10,577.77, mainly due to increased exchange losses from its Mexican subsidiary[9] - The company has reduced its holdings in Jiangsu Bank by 12.07 million shares at an average price of RMB 11.05 per share, totaling RMB 133.39 million[13] - The company has no significant changes in the scope of consolidation or shareholding ratio due to the waiver of the right of first refusal for a 51% stake in Beijing Haina Chuan[14] - The company’s management will consider market conditions for the timing of further disposals of remaining shares in Jiangsu Bank, totaling 12,930,660 shares[13] - The financial expenses for the current period were ¥105,777,701.72, compared to a financial income of -¥67,910,906.20 in the previous period[18] - The company’s deferred income tax liabilities decreased to ¥62,659,396.77 from ¥78,403,362.26 in the previous period[20]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥208,120,847.50, representing a year-on-year increase of 64.55%[3] - The total profit amounted to ¥21,941,771.13, reflecting an 18.97% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥19,055,387.07, up by 10.24% year-on-year[3] - For the first nine months of 2025, the company achieved operating revenue of CNY 457,850,070.97, an increase of 43.53% compared to the same period last year[13] - The net profit attributable to shareholders of the listed company for the same period was CNY 39,619,960.65, up 5.23% year-on-year[13] - The net profit after deducting non-recurring gains and losses increased by 9.55% year-on-year, reaching CNY 35,888,461.99[13] - Total operating revenue for the first three quarters of 2025 reached ¥457,850,070.97, a significant increase of 43.5% compared to ¥318,981,499.59 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥44,085,094.49, up from ¥39,732,960.37 in 2024, reflecting an increase of 8.5%[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥39,619,960.65, compared to ¥37,651,098.33 in 2024, marking a growth of 5.2%[20] - The basic earnings per share for the first three quarters of 2025 was ¥0.45, compared to ¥0.43 in 2024, indicating a growth of 4.7%[20] Research and Development - Research and development (R&D) expenses totaled ¥19,564,821.40, marking a 53.73% increase from the previous year[3] - The proportion of R&D investment to operating revenue was 9.40%, a decrease of 0.66 percentage points compared to the previous year[3] - Research and development expenses increased to ¥49,211,357.74 in the first three quarters of 2025, compared to ¥32,704,729.49 in 2024, indicating a rise of 50.4%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,487,464,152.65, a 46.18% increase from the end of the previous year[4] - Total assets as of September 30, 2025, were CNY 1,487,464,152.65, an increase from CNY 1,051,932,877.43 at the end of 2024[16] - The company's inventory increased to CNY 170,410,709.34 from CNY 99,322,362.52 year-on-year[15] - Total liabilities as of the reporting date were ¥496,050,438.04, compared to ¥188,305,494.72 in the previous year, showing a substantial increase of 163.5%[19] - The company reported a total current liabilities of CNY 330,633,672.95, compared to CNY 158,800,486.96 in the previous year[16] - The company’s long-term borrowings increased to CNY 130,682,315.01 from CNY 3,738,539.08 year-on-year[16] Cash Flow - The net cash flow from operating activities showed a significant decline of 57.95%, primarily due to increased payments to suppliers and employee salaries[3] - The company reported a net cash flow from operating activities of ¥45,253,107.42 for the first three quarters of 2025, down from ¥107,625,663.76 in 2024[22] - The company reported cash received from subsidiaries' minority shareholders totaling $7.67 million[23] - Net cash flow from investment activities was -$237.14 million, a decrease from -$395.87 million in the previous period[23] - Total cash and cash equivalents at the end of the period amounted to $358.48 million, down from $457.43 million at the beginning of the period[23] - Net cash flow from financing activities was $131.18 million, compared to a net outflow of -$56.10 million in the previous period[23] - Cash inflow from financing activities totaled $164.41 million, while cash outflow was $33.23 million[23] - The company experienced a negative impact of -$448,036.44 from foreign exchange fluctuations on cash and cash equivalents[23] - The net increase in cash and cash equivalents for the period was -$61.15 million, compared to -$344.80 million in the previous period[23] - The company received $156.74 million in cash from borrowings during the financing activities[23] - Cash paid for dividends and interest amounted to $31.45 million, compared to $35.65 million in the previous period[23] Shareholder Information - The company reported a total of 7,216 common shareholders at the end of the reporting period[10] - The total equity attributable to shareholders of the parent company was ¥885,097,760.47, up from ¥860,643,149.46, reflecting a growth of 2.8%[19] Future Plans - The company implemented an equity incentive plan for core team members, with meetings scheduled for August 2024 and January 2025 to review the plan[12] - The company will not apply new accounting standards starting from 2025[24]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,619,625,295.97, an increase of 6.65% compared to the same period last year[4] - Total profit for the quarter was ¥256,269,463.20, reflecting a growth of 5.40% year-on-year[4] - Net profit attributable to shareholders was ¥203,378,356.35, showing a slight increase of 0.24% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥197,612,310.59, up by 0.75% year-on-year[4] - Basic earnings per share for the quarter were ¥0.09, down 27.59% from the previous year[5] - Net profit for the first three quarters of 2025 was approximately ¥444.70 million, down 28.7% from ¥623.03 million in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was approximately ¥753.55 million, an increase of 2.2% compared to ¥737.74 million in the first three quarters of 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.21, down from ¥0.29 in the same period of 2024[21] Cash Flow - The cash flow from operating activities for the year-to-date was ¥724,782,950.31, representing a 26.95% increase[5] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥5.26 billion, a decrease of 1.2% from ¥5.32 billion in the same period of 2024[23] - Net cash flow from operating activities was $724,782,950.31, an increase from $570,904,251.44 in the previous period, reflecting a growth of approximately 27%[24] - Cash inflow from investment activities totaled $611,550,164.33, significantly higher than $181,397,081.64 in the prior period, indicating a growth of over 237%[24] - Cash outflow for investment activities was $938,228,867.61, compared to $471,952,662.72 previously, representing an increase of approximately 98.5%[24] - Net cash flow from financing activities was -$554,860,023.20, slightly worse than -$538,694,986.56 in the previous period[25] - The total cash and cash equivalents at the end of the period stood at $1,029,077,225.62, up from $858,437,567.19, marking an increase of about 20%[25] Assets and Liabilities - Total assets at the end of the quarter were ¥7,274,193,026.65, a decrease of 1.33% from the end of the previous year[5] - Total current assets amount to 4,687,951,413.50 RMB, a slight decrease from 4,719,210,353.89 RMB in the previous period[15] - Total non-current assets are valued at 2,586,241,613.15 RMB, down from 2,653,349,779.14 RMB[16] - Total current liabilities are 1,535,921,613.32 RMB, an increase from 1,469,325,248.87 RMB[16] - Long-term borrowings are recorded at 908,662,383.71 RMB, up from 885,482,804.57 RMB[16] - The company reported a total liability of approximately ¥2.66 billion as of the reporting date, an increase of 4.0% from ¥2.56 billion in the previous year[17] - The total equity attributable to shareholders was approximately ¥4.61 billion, a decrease of 4.2% from ¥4.81 billion in the previous year[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,671[12] - Zhejiang Zhoushan Daimei Investment Co., Ltd. holds 1,211,201,406 shares, accounting for 56.37% of total shares[12] - Jiang Yintai holds 326,814,177 shares, representing 15.21% of total shares[12] Incident and Insurance - The company reported a significant loss of approximately ¥24.2 million due to an unexpected fire incident at its subsidiary in Mexico, which affected inventory and equipment[9][10] - The company is in the process of filing an insurance claim with AXA for the damages, with a high likelihood of full compensation[10] Other Financial Metrics - Research and development expenses for the first three quarters of 2025 were approximately ¥157.43 million, a decrease of 2.4% from ¥161.23 million in the same period of 2024[20] - The company reported a decrease in other comprehensive income after tax of approximately ¥68.16 million for the first three quarters of 2025, compared to a decrease of ¥37.73 million in the same period of 2024[21] - Cash received from borrowings was $649,947,250.35, compared to $600,000,000.00 in the previous period, showing an increase of approximately 8.9%[25] - Cash paid for debt repayment was $673,500,000.00, up from $630,000,000.00, reflecting an increase of about 6.9%[25] - Cash received from tax refunds was $177,593,926.09, compared to $140,564,322.32 previously, indicating a growth of approximately 26.4%[24] - Cash paid to employees increased to $1,210,963,237.47 from $1,119,808,325.91, representing a rise of about 8.2%[24] - The impact of exchange rate changes on cash and cash equivalents was $8,323,132.11, contrasting with -$22,369,462.38 in the previous period, showing a positive shift[25] Operational Status - There are no other important reminders regarding the company's operational situation during the reporting period[14]

Financial Performance - The company's operating revenue for Q3 2025 was ¥140,325,741.08, a decrease of 2.20% compared to the same period last year[5] - Net profit attributable to shareholders increased by 19.05% to ¥11,781,087.61, while the net profit excluding non-recurring gains and losses rose by 28.62% to ¥10,717,098.06[5] - Year-to-date net profit attributable to shareholders reached ¥116,284,009.02, reflecting a significant increase of 405.74% compared to the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.0101, an increase of 18.82% year-on-year[5] - Net profit for the period was ¥117,209,133.44, compared to a net loss of ¥37,475,849.42 in the previous period[23] - Operating profit increased significantly to ¥65,835,297.85 from a loss of ¥30,404,495.77[22] - Basic and diluted earnings per share were both ¥0.1002, compared to a loss per share of ¥0.0328 in the previous period[23] - Total comprehensive income for the period was ¥117,209,133.44, compared to a loss of ¥37,475,849.42 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,128,242,041.10, a slight decrease of 0.41% from the end of the previous year[5] - Total current assets amounted to ¥1,475,548,474.89, up from ¥1,078,654,085.32, indicating a significant increase of 37.0%[18] - Total non-current assets decreased to ¥3,652,693,566.21 from ¥4,070,868,155.29, a decline of 10.3%[18] - Total liabilities decreased to ¥815,620,891.51 from ¥899,658,285.64, a reduction of 9.3%[19] - The company’s long-term borrowings decreased by 33.15% to 214,400,000.00, reflecting a reclassification of repayment amounts[10] Cash Flow - The company’s cash flow from operating activities for the year-to-date period was ¥89,768,547.23, an increase of 235.03% compared to the previous year[5] - Cash flow from operating activities generated a net cash inflow of ¥89,768,547.23, compared to a net outflow of ¥66,479,993.77 in the previous period[26] - Cash and cash equivalents at the end of the period were ¥195,109,622.31, down from ¥210,455,745.82 at the beginning of the period, representing a decrease of 13.0%[17] - Cash and cash equivalents at the end of the period were ¥75,821,391.65, down from ¥186,915,826.75[26] Investments and Income - The company reported a significant increase in investment income, reaching 74,822,681.89, a 2663.49% increase compared to the previous period[10] - Investment income rose to ¥74,822,681.89 from ¥2,707,538.21, marking a substantial increase[22] - The company recognized government subsidies amounting to ¥534,981.18 during the reporting period, primarily related to network information content and media costs[6] - Deferred income rose to 8,065,050.94, marking a 1470.05% increase due to government subsidies received during the reporting period[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,404, with no preferred shareholders[12] - The largest shareholder, Guangzhou Media Holdings, holds 47.64% of the shares, totaling 553,075,671 shares[12] - The company reported a total of 14,590,617 shares subject to judicial auction, indicating potential impacts on shareholder structure[15] Expenses and Costs - Total operating costs decreased to ¥423,891,747.45 from ¥442,766,367.03, a reduction of approximately 4.5%[22] - The company reported a 100.51% increase in non-operating expenses, totaling 5,283,800.99, primarily due to increased claims provisions[11] - Research and development expenses increased to ¥1,886,126.61 from ¥1,628,402.78, reflecting a focus on innovation[22] Other Financial Metrics - The weighted average return on equity increased by 3.64 percentage points to 2.74% year-to-date[5] - The company experienced a 1070.98% increase in current non-current liabilities, totaling 133,281,174.01, primarily due to increased repayment amounts for loans[10] - Other payables decreased by 41.10% to 100,789,819.61, attributed to the payment of significant land transfer fees and project payments[10] - The company’s minority interest increased by 90.16% to 53,625,385.29, due to additional capital contributions received by subsidiaries[10] - The company reported a significant increase in cash inflow from investment activities, totaling ¥642,977,214.20, compared to ¥804,139,803.79 in the previous period[26] Governance - The company has completed the election of the 12th Board of Directors, which includes 5 non-independent directors and 3 independent directors[14] - The company will no longer have a supervisory board, with its functions being taken over by the audit committee of the board[14]

Financial Performance - The company's operating revenue for the third quarter reached ¥832,628,360.66, representing a year-on-year increase of 36.02%[5] - The total profit for the quarter was ¥373,739,619.81, a significant increase of 137.40% compared to the same period last year[5] - Net profit attributable to shareholders was ¥289,438,520.08, reflecting a year-on-year growth of 123.93%[5] - The net profit after deducting non-recurring gains and losses for the quarter was ¥288,711,011.96, up 125.36% year-on-year[5] - The basic earnings per share for the quarter was ¥0.08, a 100.00% increase compared to the previous quarter[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,071,821,336.43, an increase of 21.5% compared to ¥1,704,958,065.40 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥664,090,872.25, up 79.5% from ¥369,989,708.80 in the first three quarters of 2024[22] - Basic earnings per share for the first three quarters of 2025 were ¥0.20, compared to ¥0.11 in the same period of 2024, reflecting improved profitability[23] Assets and Liabilities - Total assets at the end of the quarter were ¥54,147,427,922.22, an increase of 3.63% from the end of the previous year[6] - The company's net capital at the end of the period was ¥12,325,056,599.67, compared to ¥10,842,158,594.78 at the end of the previous year[11] - The company reported a total liability of ¥41,864,339,556.06, compared to ¥40,303,212,222.14 in the previous year, indicating a rise in financial obligations[20] - The total liabilities stood at ¥45,000,000,000, with a notable increase in trading financial liabilities to ¥603,437,297.10 from ¥718,335,479.49, a decrease of approximately 16.01%[19] Cash Flow - The net cash flow from operating activities for the first three quarters of 2025 was ¥3,186,371,413.07, down from ¥5,539,482,822.91 in the same period of 2024[24] - Cash inflow from investment activities totaled ¥65,220.22 million, compared to ¥24,317.06 million in the previous period, indicating a significant increase[25] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥31,107.69 million, up from ¥30,058.06 million[25] - Net cash flow from investment activities was -¥31,042.47 million, slightly worse than -¥30,033.74 million in the prior period[25] - Cash inflow from financing activities amounted to ¥3,000 million from bond issuance, consistent with the previous period[25] - Net cash flow from financing activities was -¥1,636.88 million, compared to -¥1,149.36 million previously, indicating a worsening cash position[25] - The net increase in cash and cash equivalents was ¥1,518.11 million, a decrease from ¥4,359.85 million in the prior period[25] - The ending balance of cash and cash equivalents reached ¥21,610.92 million, up from ¥17,970.42 million[25] Shareholder Information - The company has a total of 79,709 common stock shareholders at the end of the reporting period[15] - The top 10 shareholders hold a combined 68.75% of the total shares, with Tangshan Steel Group holding the largest share at 32.44%[16] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[17] - The company has not identified any other important information regarding its operational performance that requires investor attention[18] Investment Performance - Net interest income increased to ¥132,728,428.29 in 2025 from ¥57,616,635.22 in 2024, reflecting a significant growth in interest income[21] - The company's investment income rose to ¥705,739,545.57 in 2025 from ¥510,611,642.17 in 2024, indicating a positive trend in investment performance[22] - Other comprehensive income after tax for the first three quarters of 2025 was -¥1,985,671.23, an improvement from -¥2,886,968.83 in the same period of 2024[23] Risk and Coverage Ratios - The risk coverage ratio improved to 380.41%, up from 292.23% at the end of the previous year[11] - The liquidity coverage ratio increased to 569.33%, compared to 481.15% at the end of the previous year[11]

Financial Performance - The company's operating revenue for the third quarter was ¥513,439,169.67, a decrease of 22.99% compared to the same period last year[5] - The total profit for the quarter was ¥67,044,891.97, down 39.02% year-on-year[5] - The net profit attributable to shareholders was ¥54,701,945.36, reflecting a decline of 45.02% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.0983, a decrease of 44.80% year-on-year[6] - Total operating revenue for the first three quarters of 2025 was CNY 1,479,169,991.82, a decrease of 13.4% compared to CNY 1,707,352,296.44 in the same period of 2024[20] - Total operating costs decreased to CNY 1,296,351,413.12, down 13.5% from CNY 1,499,043,280.65 year-on-year[20] - Net profit for the first three quarters of 2025 was CNY 210,749,113.51, representing an increase of 3.4% from CNY 203,053,088.22 in 2024[21] - Operating profit for the first three quarters of 2025 was CNY 244,309,621.17, up 8.0% from CNY 226,292,117.24 in the previous year[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.3551, slightly down from CNY 0.3591 in 2024[23] - The total profit for the first three quarters of 2025 was CNY 243,688,044.78, an increase of 6.5% from CNY 228,877,612.29 in 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,462,570,870.09, a decrease of 2.70% from the end of the previous year[6] - The company's current assets totaled CNY 2,314,837,437.55, down from CNY 2,444,906,814.14 in the previous period, indicating a decline of approximately 5.3%[16] - The company's inventory increased to CNY 527,549,603.59 from CNY 418,497,199.82, reflecting a growth of about 26.1%[16] - Total liabilities decreased to CNY 1,151,273,205.93 from CNY 1,323,994,719.03, representing a reduction of approximately 13%[18] - The company's equity attributable to shareholders rose to CNY 3,167,274,190.37 from CNY 3,159,561,554.48, showing a slight increase of about 0.2%[18] - The company's cash and cash equivalents decreased to CNY 892,179,997.02 from CNY 1,081,145,154.62, a decline of approximately 17.5%[16] - Accounts receivable decreased to CNY 362,108,878.66 from CNY 465,156,745.85, indicating a decline of about 22.1%[16] - The company reported a total non-current asset value of CNY 2,147,733,432.54, slightly up from CNY 2,141,426,792.38[17] - The company's short-term borrowings were not specified, but the total current liabilities amounted to CNY 514,302,379.28, down from CNY 732,962,320.14, a decrease of approximately 29.9%[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥119,801,391.61, a decrease of 4.91%[6] - Cash flow from operating activities for the first three quarters of 2025 was CNY 119,801,391.61, compared to CNY 125,982,544.68 in the same period of 2024[25] - Cash and cash equivalents at the end of the third quarter of 2025 were CNY 879,851,075.32, down from CNY 887,379,241.95 at the end of the same period in 2024[25] - The company reported a net cash outflow from investing activities of CNY -188,349,806.72 for the first three quarters of 2025, compared to CNY -141,264,088.11 in 2024[25] - The company raised CNY 120,000,000.00 through borrowings in the first three quarters of 2025[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,189[13] - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 23.50% of the shares[13] - The company has not reported any significant changes in shareholder relationships or participation in margin trading activities[14] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥683,674,538.45, a decrease of 16.98% compared to the same period last year[5] - The net profit attributable to shareholders was -¥61,781,119.43, representing a significant decline of 1,284.20% year-on-year[5] - The basic earnings per share for the period was -¥0.18, a decrease of 1,000.00% compared to the previous year[5] - Total operating revenue for the third quarter was CNY 1,953,843,693.67, a decrease of 7.5% compared to CNY 2,113,846,012.64 in the previous year[18] - Net profit for the period was a loss of CNY 62,633,633.79, compared to a profit of CNY 1,089,806.60 in the same period last year[19] - The total equity attributable to shareholders decreased to CNY 1,602,099,836.40 from CNY 1,660,171,216.97, a reduction of 3.5%[17] - Basic and diluted earnings per share were both -0.17, compared to 0.01 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,753,892,929.40, a decrease of 0.78% from the end of the previous year[5] - The total assets decreased to CNY 4,753,892,929.40 from CNY 4,791,457,856.36, a decline of 0.8%[17] - Long-term borrowings increased by 201.52% to ¥238,500,000.00, primarily due to the repayment of maturing loans and the increase in new loans[10] - The company reported a significant increase in short-term borrowings, rising to CNY 1,293,981,007.26 from CNY 1,253,525,824.13, reflecting a 3.5% increase[16] - Non-current liabilities increased to CNY 578,124,020.94, up from CNY 445,470,143.97, representing a 29.7% increase[16] Cash Flow - The company reported a net cash flow from operating activities of -¥34,108,193.69, an improvement of 36.31% compared to the same period last year[12] - Cash inflow from operating activities totaled ¥2,150,103,331.13, an increase of 10.7% from ¥1,941,590,346.96 in the previous period[20] - Net cash flow from operating activities was -¥34,108,193.69, an improvement from -¥53,557,599.58 in the previous period[21] - Cash inflow from investing activities was ¥12,381,276.58, compared to ¥6,790,117.46 in the previous period[21] - Net cash flow from investing activities was -¥24,688,023.81, an improvement from -¥47,393,746.93 in the previous period[21] - Cash inflow from financing activities was ¥1,255,522,783.48, up from ¥943,015,369.06 in the previous period[21] - Net cash flow from financing activities was ¥9,893,728.94, compared to -¥2,448,109.82 in the previous period[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,929[13] - Aishida Group Co., Ltd. holds 36.89% of the shares, making it the controlling shareholder with 125,648,134 shares[13] - The number of preferred shareholders with restored voting rights is zero, indicating no such shareholders exist[13] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding nearly 37%[13] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] Income and Expenses - Other income decreased by 44.59% to ¥24,905,186.95, mainly due to a reduction in government subsidies[11] - The company experienced a 68.98% decline in non-operating income, totaling ¥763,488.84, attributed to the previous year's fire compensation from a subsidiary[11] - Research and development expenses were CNY 110,021,487.93, down from CNY 121,106,661.91, a decrease of 9.1%[18]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥858,360,283.90, representing a year-on-year increase of 9.16%[5] - Net profit attributable to shareholders for the same period was ¥88,708,927.17, up 13.00% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,147,440.28, an increase of 37.16% year-on-year[5] - Total revenue for the period was ¥2,833,451,760.31, a decrease of approximately 10.06% from ¥3,150,637,679.36 in the previous period[18] - Operating profit for the period was ¥616,982,001.53, reflecting a decline of about 10.05% compared to ¥685,900,363.74 in the previous period[18] - The net profit for the current period is $469.11 million, a decrease of 8.9% compared to $514.90 million in the previous period[19] - The total comprehensive income attributable to the parent company is $379.14 million, down from $415.68 million in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,103,800,378.35, reflecting an increase of 8.30% from the end of the previous year[5] - Total assets increased to ¥8,103,800,378.35, up from ¥7,482,460,028.05 at the beginning of the period, representing a growth of 8.27%[17] - Total liabilities rose to ¥1,060,262,812.30, an increase of 56.67% from ¥676,477,512.41 at the start of the period[17] - Current assets totaled ¥5,222,277,962.93, up from ¥4,819,813,607.66, indicating a growth of 8.38%[17] - Cash and cash equivalents decreased to ¥1,095,165,834.75 from ¥2,328,656,330.79, a decline of 53.06%[17] - Inventory decreased to ¥399,721,379.54 from ¥486,938,133.84, a reduction of 17.91%[17] - Long-term equity investments slightly decreased to ¥31,463,449.98 from ¥32,402,242.05, a decline of 2.91%[17] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥840,484,263.13, a significant increase of 181.70%[5] - The net cash flow from operating activities is $840.48 million, significantly up from $298.36 million in the previous period, indicating improved operational efficiency[21] - The total cash and cash equivalents at the end of the period is $1.07 billion, compared to $465.75 million at the end of the previous period, reflecting a strong liquidity position[22] - Cash inflow from investment activities is $6.56 billion, an increase from $4.97 billion in the previous period, showing robust investment returns[21] - The cash received from investment income rose by 65.50% to CNY 59,326,090.03, attributed to increased cash inflows from long-term large-denomination certificates and financial management products[11] - The cash outflow for the acquisition of fixed assets decreased by 76.38% to CNY 56,124,503.12, indicating reduced capital expenditures compared to the previous year[11] - The company experienced a 26.79% decrease in selling expenses, totaling ¥263,387,663.72, mainly due to reduced salary and advertising costs[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,731, with the largest shareholder holding 23.24% of the shares[13] - The largest shareholder, Renhe (Group) Development Co., Ltd., holds 325,299,386 shares, representing 23.24% of the total shares[13] Tax and Regulatory Information - The company reported a 51.19% decrease in tax payments, totaling CNY 236,942,118.38, due to a decline in revenue and policy impacts[11] - The cash received from tax refunds dropped by 98.70% to CNY 9,566.87, indicating a significant reduction in tax refund receipts compared to the previous year[11] - The company did not receive any cash from financing activities related to employee stock incentives this period, a 100% decrease from CNY 70,060,000.00 in the previous year[12] - The company has not undergone an audit for the third quarter financial report, which may affect investor confidence[23] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[24] Investment Income - Investment income for the period was ¥38,329,882.06, representing a 78.09% increase year-on-year, attributed to higher returns from long-term deposits and financial products[10] - Investment cash inflows increased by 32.06% to CNY 6,501,596,227.45, primarily due to higher redemption amounts of financial investments[11] - The disposal of intangible assets resulted in a significant gain of CNY 2,050,698.58, reflecting a 1194.26% increase compared to the previous period[11]

Financial Performance - Revenue for Q3 2025 reached ¥568,675,410.88, an increase of 33.25% compared to the same period last year[5] - Net profit attributable to shareholders was -¥28,850,035.21, a decrease of 67.68% year-on-year[5] - Total operating revenue for the third quarter reached ¥1,534,971,756.94, an increase of 11.14% compared to ¥1,380,636,922.85 in the previous year[20] - The net loss for the quarter was ¥91,775,934.19, a decrease in loss compared to ¥172,871,841.97 in the previous year[21] - The total comprehensive income attributable to the parent company was -90,253,029.79 yuan, compared to -158,362,715.39 yuan in the previous period, showing an improvement[22] Cash Flow - Cash flow from operating activities showed a net increase of ¥51,473,064.98, up 114.11% from the previous year[5] - The net cash flow from operating activities was 51,473,064.98 yuan, a significant recovery from -364,860,253.05 yuan in the previous period[22] - Cash inflow from operating activities totaled 768,288,836.48 yuan, up from 567,926,504.39 yuan year-over-year[22] - The net cash flow from investing activities was 100,058,492.07 yuan, compared to 21,519,839.73 yuan in the previous period, indicating a strong performance[23] - Cash outflow from financing activities was 752,223,790.86 yuan, down from 862,240,065.15 yuan in the previous period, reflecting improved cash management[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,736,777,934.32, a decrease of 2.47% from the end of the previous year[5] - The company's total assets decreased to ¥2,736,777,934.32 from ¥2,805,983,905.39, reflecting a decline of 2.45%[18] - Total liabilities increased slightly to ¥1,364,757,353.24 from ¥1,341,677,560.12, marking a rise of 1.20%[18] - The equity attributable to shareholders of the parent company decreased to ¥1,346,595,389.82 from ¥1,436,848,419.61, a decline of 6.27%[18] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 39.85% to ¥329,056,860.81 due to stockpiling for sales orders[8] - Inventory at the end of the period is 329,056,860.81 RMB, up from 235,297,160.18 RMB at the beginning of the period[16] - The company has a significant amount of receivables, with accounts receivable totaling 786,597,749.16 RMB, up from 669,241,260.43 RMB[16] - The company reported a significant increase in accounts payable, which rose to ¥595,424,963.61 from ¥354,160,800.25, an increase of 68.14%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,202[10] - The largest shareholder, Wang Ruiqing, holds 19.27% of shares, totaling 22,880,000 shares, with 17,090,000 shares pledged and 4,334,300 shares frozen[10] - Shareholders Li Xuan and Li Wen each hold 10.11% of shares, totaling 12,000,000 shares, with 730,000 and 8,430,000 shares pledged respectively[10] - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, with the top three shareholders alone holding over 39%[10] Operational Efficiency - Management expenses decreased by 18.37% to ¥56,407,033.06, attributed to reduced salaries and intermediary fees[9] - Research and development expenses were ¥58,855,358.32, down 25.73% from ¥79,218,561.28 year-over-year[20] - The company is focusing on reducing operational costs and enhancing efficiency in response to the current financial challenges[21] Other Financial Metrics - The company’s basic and diluted earnings per share were both -¥0.2430, reflecting a 67.04% decline year-on-year[5] - The weighted average return on net assets was -2.12%, an improvement of 2.61% compared to the previous year[5] - Basic and diluted earnings per share were both -0.76 yuan, an improvement from -1.41 yuan in the previous period[22] - The company reported cash inflow from the disposal of fixed assets of 54,000,000.00 yuan, compared to 14,500.00 yuan in the previous period[23]