Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,382,508,388.51, representing a 21.50% increase compared to ¥1,960,960,227.79 in the same period last year[5] - Net profit attributable to shareholders was ¥95,843,111.02, a slight increase of 2.03% from ¥93,938,914.67 year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥91,738,450.21, up 9.73% from ¥83,603,553.50 in the previous year[5] - Basic earnings per share increased by 2.41% to ¥0.1447 from ¥0.1413 year-on-year[5] - The company achieved a stable revenue growth of 18.71% year-on-year, while the net profit attributable to the parent company decreased by 21.38% due to increased market competition and rising raw material prices[13] - Total operating revenue for the current period reached ¥6,652,777,816.96, an increase of 18.6% compared to ¥5,604,378,538.93 in the previous period[18] - Net profit for the current period was ¥196,707,296.64, a decrease of 25.0% from ¥262,073,234.23 in the previous period[19] - Basic earnings per share for the current period were ¥0.317, down from ¥0.4018 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline, amounting to -¥446,258,175.90, compared to ¥289,591,068.65 in the same period last year, a decrease of 254.10%[5] - The net cash flow from operating activities for the first nine months of 2025 was -44,625.82 million RMB, a decrease of 254.10% compared to 28,959.11 million RMB in 2024, primarily due to an increase in the repayment of maturing notes[11] - The net cash flow from investing activities was -129,905.70 million RMB, a decrease of 145.37% from -52,941.87 million RMB in the previous year, mainly due to the use of idle raised funds for cash management[11] - The net cash flow from financing activities improved to -1,215.08 million RMB, a 94.64% increase compared to -22,655.76 million RMB in 2024, attributed to an increase in net cash flow from borrowings[11] - The company's cash and cash equivalents decreased by 66.97%, from ¥273,804.11 million to ¥90,429.09 million, primarily due to the repayment of maturing notes[8] - The cash flow from operating activities was ¥5,698,864,970.27, an increase from ¥5,216,818,619.64 in the previous period[21] - Total cash inflow from operating activities amounted to 5,865,912,535.82, while cash outflow was 6,312,170,711.72, resulting in a net cash outflow[22] - The net increase in cash and cash equivalents was -1,752,363,383.11, compared to -456,077,757.88 in the previous period, indicating a worsening liquidity position[23] - The ending balance of cash and cash equivalents decreased to 904,290,890.21 from 2,373,494,763.80, showing a significant reduction in available cash[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,396,504,138.75, down 2.08% from ¥14,702,353,722.66 at the end of the previous year[5] - The company's total current assets as of September 30, 2025, amounted to 7,276,744,091.27 RMB, down from 8,057,268,953.81 RMB at the beginning of the period[15] - Total non-current assets increased to ¥7,119,760,047.48, compared to ¥6,645,084,768.85 in the previous period, reflecting a growth of 7.1%[16] - Total liabilities decreased to ¥6,329,543,024.55 from ¥6,641,816,076.60, a reduction of 4.7%[17] - The company's cash and cash equivalents decreased significantly by 284.22%, totaling -175,236.34 million RMB, primarily due to reduced net cash flows from operating and investing activities[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,711, with the largest shareholder, Guangdong Science and Technology Venture Capital Co., Ltd., holding 14.42% of shares[12] - The top ten shareholders include several state-owned enterprises, indicating a significant level of state influence in the company's ownership structure[12] Expenses and Impairments - The company reported a 180.50% increase in income tax expenses, amounting to ¥1,809.80 million compared to ¥645.21 million in the previous year[10] - The company recorded a significant increase in asset impairment losses, totaling -¥2,561.88 million, a decrease of 2525.33% compared to the previous year[10] - The company reported a decrease in research and development expenses to ¥217,550,431.24 from ¥251,606,357.60, a decline of 13.5%[18] - Payments to employees increased to 1,111,606,010.94 from 943,068,184.02, reflecting higher labor costs[22] - Cash outflow for purchasing goods and services rose to 4,796,486,303.32 from 3,827,149,768.40, indicating increased operational expenses[22] Risks and Challenges - The company faces risks from market fluctuations, raw material price volatility, and exchange rate changes, which may impact future performance and could lead to goodwill impairment[13] - The company's third-quarter financial report was not audited, which may affect the reliability of the reported figures[24]

深圳市金新农科技股份有限公司 2025 年第三季度报告 证券代码：002548 证券简称：金新农 公告编号：2025-076 深圳市金新农科技股份有限公司 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。 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 深圳市金新农科技股份有限公司 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 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 1,165,111,206. ...

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。 华西证券股份有限公司 2025 年第三季度报告 证券代码：002926 证券简称：华西证券 公告编号：2025-042 华西证券股份有限公司 2025 年第三季度报告 华西证券股份有限公司 2025 年第三季度报告 一、主要财务数据 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 （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 | 项目 | 本报告期 | 本报告期比上年同期 | | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | --- | | | | 增减 | | | 年同期增减 | | 营业总收入（元） | 1,419,870,322 ...

思进智能成形装备股份有限公司 2025 年第三季度报告 证券代码：003025 证券简称：思进智能 公告编号：2025-046 思进智能成形装备股份有限公司 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 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 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 189,653,878.35 | 22.88% | 524,205,397.08 | 12.4 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥208,049,410.13, representing a year-over-year increase of 6.34%[5] - Net profit attributable to shareholders was ¥137,079,390.90, a significant increase of 190.98% compared to the same period last year[5] - The basic earnings per share (EPS) for the quarter was ¥0.3939, reflecting a 190.92% increase year-over-year[5] - The company's revenue for Q3 2025 reached ¥622,192,054.02, an increase of 11.27% compared to ¥559,161,242.25 in the same period last year[21] - Net profit attributable to shareholders for the period was ¥366,544,680.87, a significant increase of 689.81% from ¥46,409,115.10 year-on-year, primarily due to a fair value gain from investments[21] - The net profit after deducting non-recurring gains and losses was ¥99,833,101.06, reflecting a year-on-year growth of 13.44% from ¥88,002,864.73[21] - Operating profit surged to ¥415,228,001.01, compared to ¥40,905,095.86 in the previous period, reflecting a significant improvement[28] - Net profit for the current period was ¥357,185,421.22, a substantial increase from ¥37,999,644.46 in the previous period, indicating strong financial performance[28] - Basic and diluted earnings per share both stood at ¥1.0533, up from ¥0.1334 in the previous period, showcasing enhanced profitability[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,804,987,740.97, up 25.82% from the end of the previous year[5] - Total assets reached ¥1,804,987,740.97, up from ¥1,434,598,769.38, reflecting growth in the company's asset base[28] - Total liabilities increased to ¥332,651,645.77 from ¥284,993,284.97, indicating a rise in financial obligations[28] - Shareholders' equity increased to ¥1,464,081,024.70, marking a 29.24% rise compared to the previous year-end[5] - The company's total equity increased to ¥1,472,336,095.20 from ¥1,149,605,484.41, indicating a stronger financial position[28] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥81,030,003.64, down 14.91% compared to the previous year[5] - Cash inflow from operating activities amounted to ¥539,953,834.80, compared to ¥517,140,871.52 in the previous period, demonstrating improved cash generation[30] - Cash received from investment returns increased by 926.51% to 30,410,900.53, reflecting higher cash inflows from the divestment of Pan-Asia Micro透 shares[16] - Cash inflow from investment activities was $122,664,546.14, compared to $38,258,969.52 in the previous period, marking a substantial increase[31] - Cash and cash equivalents increased to ¥592,647,851.00 from ¥441,795,680.26, indicating improved liquidity[25] - Total cash and cash equivalents at the end of the period reached $592,647,851.00, up from $368,929,222.24, reflecting a net increase of $150,852,170.74[31] Investments and Income - The company reported a significant increase in financial assets, with other non-current financial assets rising by 75.74% to ¥454,730,900.00[9] - Investment income surged by 929.57% to 30,389,889.06, mainly due to the company's partial divestment of Pan-Asia Micro透 shares[13] - Fair value changes in equity increased by 640.95% to 282,689,646.14, attributed to the rise in fair value of Pan-Asia Micro透 shares held by the company[13] - The company experienced a 201.72% increase in cash and cash equivalents due to foreign exchange adjustments[16] - The company reported a significant increase in investment income to ¥30,389,889.06 from ¥2,951,717.95 in the previous period, indicating better investment performance[28] Tax and Expenses - The company reported a significant increase in income tax expenses by 2753.98% to 57,039,298.03, due to a rise in taxable income[13] - Financial expenses increased by 161.24% to -8,169,126.13 due to foreign exchange gains from currency fluctuations compared to the same period last year[13] - Cash paid for taxes was $31,310,270.24, down from $37,807,876.02, indicating a decrease of approximately 17.5%[31] Operational Highlights - The company has successfully launched multiple new products and expanded its customer base, contributing to revenue growth[21] - The company continues to focus on market expansion and technological innovation to drive future growth[21] - Inventory levels rose to ¥170,888,539.39 from ¥149,591,941.25, indicating increased production and sales activity[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,523, with the largest shareholder holding 34.60% of shares[18] Regulatory and Accounting Changes - The company is in the process of issuing shares to specific investors, with the project approved by the Shenzhen Stock Exchange and the CSRC[23] - The new accounting standards will be first implemented starting in 2025[33] - The company did not undergo an audit for the third quarter financial report[32]

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。 云南恩捷新材料股份有限公司 2025 年第三季度报告 | 证券代码：002812 | 证券简称：恩捷股份 公告编号：2025-180 | | --- | --- | | 债券代码：128095 | 债券简称：恩捷转债 | 云南恩捷新材料股份有限公司 2025 年第三季度报告 本公司及全体董事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。 3.第三季度财务会计报告是否经过审计 □是 否 1 云南恩捷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 | 年初至报告期末 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 期增减 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,975,641,690.99, an increase of 4.87% compared to the same period last year[5] - Net profit attributable to shareholders was ¥40,613,024.31, representing a significant increase of 145.43% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥40,719,112.08, up 177.59% from the previous year[5] - Total operating revenue for the current period is ¥5,458,798,822.17, a decrease of 5.86% compared to ¥5,797,227,499.04 in the previous period[21] - Net profit for the current period is ¥119,672,481.09, an increase of 110.91% compared to ¥56,770,286.30 in the previous period[22] - The company reported a total comprehensive income of ¥118,756,078.02 for the current period, compared to ¥56,810,571.57 in the previous period[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥110,943,916.23, a substantial increase of 382.18%[5] - Operating cash flow for the current period is ¥110,943,916.23, compared to a negative cash flow of ¥39,316,486.49 in the previous period, indicating a significant improvement[25] - Total cash inflow from operating activities is ¥6,001,037,167.93, slightly down from ¥6,120,397,325.67 in the previous period[25] - Cash outflow for purchasing goods and services decreased to ¥5,086,742,549.52 from ¥5,606,740,328.56, reflecting a reduction of approximately 9.2%[25] - Cash flow from investment activities shows a net outflow of ¥16,837,087.83, an improvement from a net outflow of ¥64,358,430.51 in the previous period[25] - Cash inflow from financing activities is ¥637,843,846.36, up from ¥598,471,129.64, representing an increase of about 6.5%[25] - The net cash flow from financing activities is negative at ¥29,229,517.26, compared to a positive cash flow of ¥26,498,123.98 in the previous period[25] - The ending balance of cash and cash equivalents is ¥244,459,119.02, significantly higher than ¥99,559,375.13 at the end of the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,376,022,305.56, reflecting a growth of 3.16% from the end of the previous year[5] - Total liabilities at the end of the period are ¥1,531,741,204.11, a decrease from ¥1,548,493,847.76 at the beginning of the period[19] - Shareholders' equity increased to ¥1,739,180,102.01, marking a rise of 6.87% compared to the previous year-end[5] - Total assets at the end of the period amount to ¥3,376,022,305.56, an increase from ¥3,272,632,711.18 at the beginning of the period[20] Investments and Expenditures - The company reported a significant increase in development expenditures, which rose by 389.47% due to increased R&D investments[9] - The company’s investment properties saw a dramatic increase of 655.30%, attributed to the completion of the new media headquarters building[9] - Long-term equity investments at the end of the period are ¥1,159,033.03, unchanged from the previous period[18] - Investment properties increased to ¥117,980,883.14 from ¥15,620,512.89 at the beginning of the period[18] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 78,605, with no preferred shareholders[12] - The largest shareholder, Feng Yi, holds 22.51% of shares, totaling 170,724,933 shares[12] Other Financial Metrics - The weighted average return on equity was 2.47% for the current period, an increase of 1.42 percentage points year-on-year[5] - Earnings per share (basic and diluted) for the current period is ¥0.1462, up from ¥0.0639 in the previous period[23] - Credit impairment losses decreased by 33.97% to RMB 101.61 million, primarily due to increased provisions for expected credit losses[10] - Asset impairment losses increased significantly, with a loss of RMB 150.35 million, attributed to inventory write-downs and impairment provisions for long-term equity investments[10] - The company reported a significant increase in other operating expenses, which rose by 203.50% to RMB 273.64 million due to legal issues with a client[10] Audit Status - The company has not yet audited its third-quarter financial report[27]

Financial Performance - The company's operating revenue for Q3 2025 was ¥87,960,840.06, an increase of 2.43% compared to the same period last year[7]. - The net profit attributable to shareholders decreased by 50.05% to ¥8,364,107.25 for Q3 2025[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 73.64% to ¥3,827,662.23[7]. - The company's basic earnings per share for Q3 2025 was ¥0.0207, down 49.88% year-on-year[7]. - Net profit for the current period is ¥53,991,229.35, a decrease of 2.7% compared to ¥55,478,895.82 in the previous period[23]. - Earnings per share (EPS) decreased to ¥0.1304 from ¥0.1375 in the previous period[25]. - Total operating revenue for the current period is ¥260,388,759.27, a decrease of 2.1% from ¥263,919,588.66 in the previous period[22]. - Total operating costs increased to ¥194,720,033.57, up 0.3% from ¥194,193,283.61 in the previous period[22]. - Investment income for the current period is ¥3,316,597.53, down from ¥6,254,615.33 in the previous period[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥26,435,381.03, a significant decrease of 92.43%[7]. - Cash flow from operating activities generated ¥26,435,381.03, significantly down from ¥349,374,105.79 in the previous period[26]. - The net cash flow from investment activities was -87,782,146.69, compared to -262,649,872.40 in the previous period, indicating an improvement[27]. - Cash inflow from financing activities totaled 390,337,078.90, up from 265,893,925.59 in the prior period, reflecting increased borrowing[27]. - The net cash flow from financing activities was 57,619,674.32, a significant recovery from -11,281,430.30 previously[27]. - The total cash and cash equivalents at the end of the period were 215,105,848.10, down from 284,815,984.77 at the end of the previous period[27]. - Cash inflow from investment activities was 1,013,918,204.39, compared to 569,479,869.12 previously, showing a rise in cash received from investments[27]. - The company received 370,537,078.90 in cash from borrowings, an increase from 255,992,472.78 in the prior period[27]. - The company reported a cash outflow of 285,977,739.88 for debt repayment, up from 204,780,473.05 previously[27]. - The impact of exchange rate changes on cash and cash equivalents was 238,590.85, compared to -272,081.91 in the previous period, indicating a positive effect this time[27]. - The company’s cash and cash equivalents decreased by 3,488,500.49 during the period, contrasting with an increase of 75,170,721.18 in the previous period[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,319,753,935.26, reflecting a growth of 10.51% compared to the end of the previous year[7]. - Current assets totaled CNY 1,130,375,823.48, up from CNY 940,234,083.27 at the beginning of the period[18]. - The total assets as of September 30, 2025, were CNY 2,319,753,935.26, an increase from CNY 2,099,053,070.92 at the beginning of the period[19]. - Total liabilities increased to ¥572,691,564.33 from ¥399,749,949.38, reflecting a growth of 43.3%[21]. - Non-current liabilities included long-term borrowings of CNY 179,906,739.53, up from CNY 147,104,956.35[19]. - The company's short-term borrowings rose by 41.41% to ¥113,405,565.36, driven by increased short-term loans from subsidiaries[12]. - The company's short-term borrowings increased to CNY 113,405,565.36 from CNY 80,194,603.89[19]. Other Income and Expenses - The total non-recurring gains and losses for the year-to-date period amounted to ¥4,536,445.02, down from ¥11,006,949.08 in the previous year[9]. - Other income rose by 73.35% to CNY 172,412.18, primarily due to insurance compensation received by Yangzhou Hengji Daxin[14]. - Operating expenses decreased by 67.19% to CNY 1,117,711.55, as there were no insurance compensation expenses this year compared to the previous year[14]. - Credit impairment losses amounted to CNY -20,703,140.05, reflecting an increase of 30.57% compared to the previous year, mainly due to the reversal of bad debt provisions for receivables[14]. - Asset disposal income increased by 84.53% to CNY 68,503.62, attributed to the disposal of fixed assets by Zhuhai Hengji Daxin and Yangzhou Hengji Daxin[14]. - The fair value change income for the reporting period was CNY 7,203,931.81, primarily due to the reversal of fair value change losses from the sale of debt funds, resulting in a cumulative increase of 193.86%[14].

Financial Performance - The company's operating revenue for the third quarter reached ¥825,422,476.67, representing a year-on-year increase of 22.74%[4] - The net profit attributable to shareholders was -¥325,010.42, a decrease of 101.01% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,440,798.93, down 116.33% year-on-year[4] - The basic earnings per share for the third quarter was -¥0.0012, a decline of 101.00% year-on-year[4] - The weighted average return on net assets was -0.01%, down 1.28% from the previous year[4] - Total operating revenue for Q3 2025 reached CNY 2,507,601,192.35, an increase of 26.8% compared to CNY 1,976,993,096.45 in the same period last year[16] - Total operating costs amounted to CNY 2,365,866,389.07, up 26.7% from CNY 1,866,004,039.84 year-on-year[16] - Net profit for the period was CNY 154,274,664.97, representing a 12.7% increase from CNY 137,166,452.10 in the previous year[17] - The company reported a comprehensive income total of CNY 153,910,596.76, compared to CNY 137,079,470.27 in the same period last year, indicating a growth of 12.2%[17] - Total comprehensive income attributable to the parent company was CNY 149,725,213.30, an increase from CNY 142,780,472.51 in the previous period[18] - Basic and diluted earnings per share both increased to CNY 0.56 from CNY 0.54[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,872,473,511.85, an increase of 9.57% from the end of the previous year[4] - The equity attributable to shareholders at the end of the reporting period was ¥2,653,290,210.40, reflecting a growth of 4.73% compared to the previous year[4] - The company's total assets increased to CNY 5,872,473,511.85, compared to CNY 5,359,779,989.17 at the end of the previous period, reflecting a growth of 9.6%[15] - Current assets totaled CNY 3,852,145,355.08, up from CNY 3,525,525,010.13, indicating a rise of 9.2%[15] - Non-current assets reached CNY 2,020,328,156.77, an increase of 10.1% from CNY 1,834,254,979.04[15] - Total liabilities rose to CNY 3,201,645,983.77, compared to CNY 2,812,850,448.61, marking an increase of 13.8%[15] Cash Flow - The company reported a net cash flow from operating activities of -¥4,773,326.45 for the year-to-date, a decrease of 108.69%[4] - Cash inflow from operating activities was CNY 2,664,282,186.12, up from CNY 2,048,485,388.92 in the previous period[19] - Net cash flow from operating activities turned negative at CNY -4,773,326.45, compared to a positive CNY 54,935,554.35 last period[19] - Net cash flow from investing activities was CNY -239,692,004.72, worsening from CNY -183,128,073.07 in the previous period[20] - Cash inflow from financing activities increased to CNY 869,722,663.71 from CNY 569,620,068.55[20] - Net cash flow from financing activities improved to CNY 213,360,171.44 from CNY 67,350,424.27[20] - The ending cash and cash equivalents balance was CNY 405,781,597.51, slightly down from CNY 399,946,109.39 in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 27,824[8] - The largest shareholder, Guangdong Shenling Investment Co., Ltd., holds 34,984,500 shares, representing a significant portion of the company's equity[10] - The company’s major shareholder, Cui Yingqi, directly holds 5,508,000 shares, with a direct holding ratio of 20.70%[10] - The company has a total of 68,295,650 restricted shares at the end of the period, with no new restrictions added during the current period[11] - The company has no changes in the participation of major shareholders in margin trading and securities lending activities[11] Other Information - Non-recurring gains and losses for the third quarter totaled ¥5,115,788.51, with government subsidies contributing ¥1,468,357.84[5] - The company has not disclosed any new strategies or market expansions during the reporting period[12] - There are no new developments regarding mergers or acquisitions mentioned in the conference call[12] - 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[21] - Research and development expenses for the period were CNY 121,596,067.27, compared to CNY 108,977,007.92 in the previous year, showing an increase of 11.5%[17]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,000,479,022.41, a decrease of 15.88% compared to the same period last year[3] - The total profit for the period was ¥43,725,105.42, down 61.32% year-on-year[3] - Net profit attributable to shareholders was ¥28,734,739.00, reflecting a decline of 63.18% compared to the previous year[3] - Basic earnings per share for the period were ¥0.0880, down 58.29% year-on-year[3] - The weighted average return on equity decreased to 0.45%, down 0.41 percentage points from the previous year[3] - The net profit for the first three quarters of 2025 is CNY 469,919,705.49, a decrease of 29.5% compared to CNY 667,141,604.73 in the same period of 2024[15] - The total operating income for the first three quarters of 2025 is CNY 3,699,783,549.78, down from CNY 4,584,722,399.75 in 2024, representing a decline of 19.3%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥244,498,929.38, a decrease of 69.47%[8] - The net cash flow from operating activities for the first three quarters of 2025 is -CNY 244,498,929.38, compared to -CNY 144,275,175.51 in 2024[17] - The net cash flow from investing activities is -CNY 726,639,813.63 for 2025, a significant decrease from CNY 89,561,408.86 in 2024[18] - The net cash flow from financing activities for the first three quarters of 2025 is CNY 838,448,095.61, compared to -CNY 218,064,774.88 in 2024, indicating a positive shift[18] Assets and Liabilities - Total assets at the end of the period were ¥12,558,367,422.42, an increase of 6.41% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 12,558,367,422.42, an increase from CNY 11,802,108,893.04 at the end of 2024[14] - Total liabilities increased to CNY 5,147,942,279.22 as of September 30, 2025, compared to CNY 4,670,838,401.80 at the end of 2024[13] Shareholder Information - The company has a total of 114,375 common shareholders as of the end of the reporting period[9] Operating Costs and Expenses - Total operating revenue for the first three quarters of 2025 was CNY 3,701,680,961.01, a decrease of 16.99% compared to CNY 4,459,901,263.34 in the same period of 2024[14] - Total operating costs for the first three quarters of 2025 were CNY 3,115,306,320.00, down 13.00% from CNY 3,574,334,951.54 in the previous year[14] - The total operating expenses for the first three quarters of 2025 are CNY 4,202,594,815.40, a decrease from CNY 4,998,798,616.08 in 2024[17] Research and Development - The company continues to focus on research and development, with R&D expenses amounting to CNY 58,491,035.77 for the first three quarters of 2025, slightly down from CNY 64,966,728.01 in the same period of 2024[14] Borrowings - Short-term borrowings rose to CNY 1,103,089,632.87 as of September 30, 2025, compared to CNY 710,968,042.19 at the end of 2024, representing a significant increase of 55.00%[13] - The company reported an increase in borrowing, with cash received from loans amounting to CNY 1,645,679,709.28 in 2025, compared to CNY 973,963,624.28 in 2024[18] Accounting Standards - The company has not applied new accounting standards for the year 2025[19]