证券代码：601288 证券简称：农业银行 中国农业银行股份有限公司 2025 年第三季度报告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 中国农业银行股份有限公司（以下简称"本行"）董事会及董事、高级管理人员 保证本季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏， 并承担个别和连带的法律责任。 本行法定代表人谷澍、主管财会工作负责人王志恒及财会机构负责人王剑保证 本季度报告中财务报表的真实、准确、完整。 本季度财务报表未经审计。 | | 股股票上市交易所 A | 上海证券交易所 | | --- | --- | --- | | | 股票简称 | 农业银行 | | | 股票代码 | 601288 | | | H 股股票上市交易所 | 香港联合交易所有限公司 | | | 股票简称 | 农业银行 | | | 股份代号 | 1288 | | 优先股挂牌交易所和系统平台 | | 上海证券交易所综合业务平台 | | | 证券简称 | 农行优 1、农行优 2 | | | 证券代码 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥2,762,278,986.59, an increase of 51.20% compared to the same period last year[4] - The net profit attributable to shareholders was ¥22,108,608.71, reflecting a growth of 60.75% year-on-year[4] - The total profit for the third quarter was a loss of ¥54,959,498.53, primarily due to increased advertising expenses and R&D costs[4] - Net profit attributable to the parent company's shareholders for the first three quarters of 2025 was ¥53,279,391.90, compared to ¥39,947,394.04 in 2024, reflecting a growth of 33.5%[21] - The company reported a total comprehensive loss of ¥297,507,178.93 for the first three quarters of 2025, compared to a loss of ¥194,184,649.13 in 2024[21] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥2,508,495,972.59, representing a significant increase of 363.95%[4] - Operating cash flow for the first nine months reached ¥2,508,495,972.59, a significant increase from ¥540,679,537.24 in the same period last year, representing a growth of approximately 363%[24] - Total cash inflow from operating activities was ¥8,796,968,074.92, compared to ¥5,891,231,336.63, marking an increase of about 49%[24] - Cash outflow from investing activities totaled ¥2,945,984,657.41, compared to ¥407,668,153.02 in the previous year, indicating a substantial increase in investment spending[25] - The company reported a net increase in cash and cash equivalents of ¥576,230,407.88, compared to ¥460,533,362.59 in the previous year, reflecting a positive cash position[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥24,216,668,446.81, an increase of 11.53% from the end of the previous year[5] - Total liabilities rose to CNY 10.83 billion, compared to CNY 8.51 billion, marking an increase of approximately 27.2%[17] - The total liabilities increased to ¥12,838,323,645.76 in 2025 from ¥10,048,419,894.98 in 2024, marking a rise of 27.8%[18] - The total equity attributable to the parent company's shareholders decreased to ¥10,453,942,787.16 in 2025 from ¥10,511,329,437.11 in 2024, a decline of 0.5%[18] Research and Development - Research and development expenses increased due to the development of a new smart automotive cockpit operating system, impacting the net profit attributable to shareholders[10] - Research and development expenses for the first three quarters of 2025 were ¥455,452,599.44, an increase of 68.2% compared to ¥270,855,092.98 in 2024[20] - The company continues to focus on market expansion and product development, as indicated by the increase in R&D spending and operating revenue growth[20] Shareholder and Equity Information - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[13] - The weighted average return on equity was 0.21%, an increase of 0.08 percentage points compared to the previous year[4] Other Financial Metrics - The company reported a basic earnings per share of ¥0.0049 for the third quarter, up 58.06% year-on-year[4] - Current assets rose to CNY 8.67 billion, compared to CNY 8.09 billion in the previous year, indicating an increase of about 7.1%[16] - Accounts receivable increased significantly to CNY 1.75 billion, up from CNY 1.31 billion, reflecting a growth of approximately 33.9%[16] - Inventory decreased to CNY 1.98 billion from CNY 2.27 billion, showing a decline of about 12.7%[16] - Short-term borrowings decreased to CNY 488.64 million from CNY 617.42 million, a reduction of about 21%[17] - Long-term borrowings decreased to CNY 564.19 million from CNY 820.93 million, a decline of approximately 31.3%[17] - The company reported a significant increase in long-term equity investments to CNY 5.47 billion, up from CNY 5.19 billion, reflecting a growth of about 5.3%[16] - The cash and cash equivalents increased to CNY 3.74 billion from CNY 3.68 billion, a growth of approximately 1.9%[16]

合肥新汇成微电子股份有限公司 2025 年第三季度报告 证券代码：688403 证券简称：汇成股份 转债代码：118049 转债简称：汇成转债 合肥新汇成微电子股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 （二） 非经常性损益项目和金额 √适用 □不适用 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,481,723,298.97, representing a year-on-year increase of 6.19%[5] - Net profit attributable to shareholders of the listed company was ¥275,565,844.00, a significant increase of 175.26% compared to the same period last year[5] - The basic earnings per share (EPS) for the quarter was ¥0.4222, reflecting a year-on-year increase of 175.21%[5] - Total operating revenue for the current period is ¥4,303,406,441.45, a decrease of 7.46% from ¥4,650,985,552.78 in the previous period[16] - Operating profit for the current period is ¥907,598,631.35, a decline of 15.12% compared to ¥1,069,636,129.65 in the previous period[16] - Net profit for the current period is ¥699,968,690.64, down 10.09% from ¥778,719,787.45[16] - The net profit attributable to the parent company's shareholders was approximately ¥537.67 million, a decrease of 6.9% from ¥577.59 million in the previous period[17] - The total comprehensive income amounted to approximately ¥1.35 billion, an increase of 12.2% compared to ¥1.21 billion in the previous period[17] - The basic and diluted earnings per share were both ¥0.8237, down from ¥0.8849 in the previous period[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥18,186,479,748.67, which is a 10.93% increase from the end of the previous year[5] - Total assets increased to ¥18,186,479,748.67, up from ¥16,395,056,293.18, reflecting a growth of 10.93%[14] - Total liabilities rose to ¥4,443,513,157.97, an increase of 21.29% from ¥3,663,685,405.58[14] - Current assets totaled ¥6,401,863,089.25, up from ¥6,152,660,400.49, representing a growth of 4.03%[14] - Non-current assets increased to ¥11,784,616,659.42, compared to ¥10,242,395,892.69, marking a rise of 15.09%[14] Cash Flow - The company's cash flow from operating activities showed a net decrease of 41.57%, totaling ¥510,035,246.60 year-to-date[9] - Cash inflow from operating activities was approximately ¥4.53 billion, a decrease of 8.6% from ¥4.95 billion in the previous period[19] - The net cash flow from operating activities was approximately ¥510.04 million, down 41.5% from ¥872.95 million in the previous period[19] - Cash outflow for investing activities was approximately ¥864.98 million, a decrease of 15.5% from ¥1.02 billion in the previous period[20] - The net cash flow from financing activities increased by 85.80%, primarily due to cash inflows from borrowings during the period[9] - The net cash flow from financing activities was approximately ¥256.79 million, compared to a net outflow of approximately ¥402.04 million in the previous period[20] - The company received approximately ¥597.08 million in cash from borrowings during the financing activities[20] - The cash and cash equivalents at the end of the period were approximately ¥4.25 billion, a decrease from ¥4.43 billion at the end of the previous period[20] - Cash and cash equivalents decreased slightly to ¥4,256,536,416.36 from ¥4,264,278,282.18[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,320, with the largest shareholder, Hebei Iron and Steel Group Co., Ltd., holding 35.65% of the shares[8] Taxation - The company experienced a 54.77% decrease in taxes and surcharges compared to the same period last year, mainly due to resource tax refunds received during the period[9] - The company reported a tax refund of approximately ¥23.85 million related to operating activities, an increase from ¥9.74 million in the previous period[19] - The company reported a 150.62% increase in fair value gains compared to the same period last year, attributed to the rise in market value of the environmental restoration fund[9]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,061,835,184.56, representing a 10.20% increase year-over-year[7] - Net profit attributable to shareholders was ¥40,118,380.46, up 10.46% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥38,215,258.58, reflecting a 21.70% increase year-over-year[7] - Total operating revenue for the current period reached ¥2,881,767,392.25, an increase of 13.5% compared to ¥2,538,688,695.98 in the previous period[41] - Net profit for the current period was ¥195,812,503.49, representing a growth of 6.6% from ¥184,487,538.71 in the previous period[44] - Earnings per share (EPS) for the current period was ¥0.24, compared to ¥0.23 in the previous period[44] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,541,315,278.46, a 9.90% increase from the end of the previous year[7] - The total assets and liabilities amounted to ¥7,541,315,278.46, an increase from ¥6,862,137,633.57 at the beginning of the period[39] - The total liabilities rose to RMB 2,607,231,099.01, up from RMB 1,951,809,745.69, indicating an increase of about 33.5%[37] - The company's inventory increased to RMB 892,550,543.68 from RMB 758,416,377.86, marking a rise of approximately 17.7%[33] - The company's accounts receivable rose to RMB 1,238,358,195.41 from RMB 1,186,392,158.30, an increase of approximately 4.4%[33] Cash Flow - Cash flow from operating activities for the year-to-date was ¥397,138,311.98, showing a 20.11% increase[7] - Cash flow from operating activities generated a net amount of ¥397,138,311.98, an increase from ¥330,655,663.84 in the previous period[45] - The company reported a significant increase in cash received from operating activities, totaling ¥2,766,789,944.24, compared to ¥2,838,768,075.71 in the previous period[45] - Cash outflow from investment activities totaled $745.25 million, a decrease of 18.3% from $912.42 million in the previous period[48] - Net cash flow from investment activities was -$215.12 million, compared to a positive cash flow of $767.98 million in the previous period[48] - Cash inflow from financing activities amounted to $814.75 million, significantly up from $93.59 million in the previous period[48] - Net cash flow from financing activities was $26.61 million, a turnaround from -$595.62 million in the previous period[48] - The net increase in cash and cash equivalents was $195.09 million, down from $497.73 million in the previous period[48] - The ending balance of cash and cash equivalents was $777.80 million, compared to $907.07 million at the end of the previous period[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,329[17] - The largest shareholder, Shenzhen Wanlida Electronics Industry Co., Ltd., holds 49.96% of shares, amounting to 388,438,960 shares, with 225,263,898 shares pledged[17] - The company plans to increase its shareholding through a buyback plan, with a total investment of no less than RMB 100 million and no more than RMB 200 million[20] - The company has repurchased a total of 4,745,640 shares, representing 0.6104% of the total share capital, with a total transaction amount of RMB 63,593,694.20[29] - The company has adjusted its share repurchase price ceiling to RMB 23.00 per share, extending the implementation period for the buyback[28] Corporate Governance and Plans - The company has been re-certified as a high-tech enterprise, allowing it to enjoy a 15% corporate income tax rate for three years starting from 2024[21] - The company has launched a new stock option incentive plan, granting 1,951,015 stock options to 912 participants[22] - The employee stock ownership plan has transferred 12,351,780 shares, representing 1.59% of the total share capital, at a price of RMB 11.30 per share[23] - The company approved a profit distribution plan, distributing cash dividends of RMB 3.00 per 10 shares, totaling RMB 228,877,734.60[24] - The company has revised its governance structure by abolishing the supervisory board, transferring its powers to the audit committee of the board of directors[25] Research and Development - Research and development expenses for the current period were ¥268,181,326.36, slightly up from ¥255,113,503.64 in the previous period[43] Other Financial Metrics - The weighted average return on equity rose to 0.87%, an increase of 0.10% from the previous year[7] - Other comprehensive income after tax for the current period was ¥96,551,431.99, compared to ¥43,126,110.08 in the previous period[44]

云南临沧鑫圆锗业股份有限公司 2025 年第三季度报告 证券代码：002428 证券简称：云南锗业 公告编号：2025-057 云南临沧鑫圆锗业股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 1 云南临沧鑫圆锗业股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 269,330,840.91 | 74.19% | 798,830,090.93 | 58.89% | | 归属于上市公司股东 | -4,001,542.61 | -110.33% | 18,148,214.17 ...

Financial Performance - The company's revenue for Q3 2025 was ¥496,363,705.48, a decrease of 44.40% compared to the same period last year[6] - The net profit attributable to shareholders was -¥203,778.74, reflecting a decline of 553.18% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,521,323.25, an increase of 22.02% compared to the previous year[6] - The company's operating revenue for the first nine months was ¥1,779,630,832.41, a decrease of 37.59% compared to ¥2,851,624,421.30 in the same period last year[10] - Total operating revenue for Q3 2025 was CNY 1,779,630,832.41, a decrease of 37.6% compared to CNY 2,851,624,421.30 in the same period last year[20] - Net profit for Q3 2025 reached CNY 56,044,792.17, an increase of 24.4% compared to CNY 45,017,860.97 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,030,760,366.78, down 11.35% from the end of the previous year[6] - The company's total assets as of Q3 2025 amounted to CNY 3,030,760,366.78, a decrease from CNY 3,418,794,511.15 in the previous year[18] - Total liabilities decreased to CNY 1,013,292,006.49 from CNY 1,457,032,752.65 year-over-year, reflecting a reduction of 30.5%[18] - Long-term borrowings increased to CNY 183,371,696.61 from CNY 129,407,150.35, representing an increase of 41.7%[18] Cash Flow - The company reported a significant decrease in cash flow from operating activities, down 80.90% to ¥30,029,046.04 year-to-date[6] - The net cash flow from operating activities was ¥30,029,046.04, down 80.90% from ¥157,193,398.98 in the previous year[11] - Cash inflow from operating activities totaled CNY 1,842,178,023.72, down from CNY 3,022,606,960.03 in the previous period, indicating a decline of 39.1%[23] - Cash outflow from operating activities was CNY 1,812,148,977.68, compared to CNY 2,865,413,561.05 in the previous period, a decrease of 36.8%[24] - Net cash flow from investing activities was CNY -228,802,327.43, worsening from CNY -206,815,940.69 in the previous period[24] - Cash flow from financing activities generated a net inflow of CNY 187,410,070.23, an increase from CNY 139,998,625.49 in the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,792, with the largest shareholder holding 24.93% of the shares[12] - The company's basic and diluted earnings per share were both -¥0.0006, a decrease of 700.00% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.1678, compared to CNY 0.1304 in the previous period, reflecting a growth of 28.5%[22] Investments and Expenses - Investment income surged by 741.53% to ¥33,314,409.69 from ¥3,958,808.40, primarily due to gains from the subsidiary Zhenyuan Pharmaceutical's capital increase[10] - The company reported an increase in investment income to CNY 33,314,409.69 from CNY 3,958,808.40 year-over-year[21] - Research and development expenses for Q3 2025 were CNY 36,247,787.04, slightly down from CNY 38,373,338.24 in the previous year[21] - The company’s financial expenses improved by 49.81%, reducing to -¥2,048,897.46 from -¥4,082,143.65 due to decreased interest income[10] Other Information - The company has successfully launched the S1 production line for histidine products, marking a significant step in synthetic biology production capabilities[14] - The company has decided to terminate the issuance of shares to specific investors, which will not adversely affect its current operations[14] - The company did not undergo an audit for the third quarter financial report[25] - The company plans to implement new accounting standards starting from 2025[25]

深圳万润科技股份有限公司 2025 年第三季度报告 证券代码：002654 证券简称：万润科技 公告编号：2025-058 号 深圳万润科技股份有限公司 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.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 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增减 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | | | 上年同期增减 | | 营业收入（元） | 1,166,269,745.50 | 11.00% | 3,713,859,015.54 | 21.77% | | ...

Financial Performance - The company's operating revenue for the third quarter reached ¥445,166,113.23, an increase of 83.06% compared to the same period last year[3] - The total profit for the third quarter was ¥55,213,635.96, reflecting a significant increase of 191.16% year-over-year[3] - The net profit attributable to shareholders was ¥28,699,347.45, up 73.84% from the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,662,383.45, representing a 124.97% increase compared to the same period last year[3] - The basic earnings per share for the third quarter was ¥0.10, a rise of 66.67% year-over-year[3] - The diluted earnings per share also stood at ¥0.10, reflecting the same growth of 66.67% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 reached CNY 978.39 million, a significant increase of 56.83% compared to CNY 623.91 million in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was CNY 70.74 million, up 112.38% from CNY 33.34 million in the first three quarters of 2024[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 46.81 million, an increase of 34.25% compared to CNY 34.90 million in the same period of 2024[20] - The company reported a basic earnings per share of CNY 0.17 for the first three quarters of 2025, compared to CNY 0.13 in the same period of 2024, reflecting a growth of 30.77%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,863,456,836.68, a decrease of 1.49% from the end of the previous year[4] - The total liabilities decreased to CNY 1,230.77 million in 2025 from CNY 1,324.31 million in 2024, reflecting a reduction of approximately 7.06%[17] - The equity attributable to shareholders increased to ¥1,393,160,676.21, marking a growth of 2.41% compared to the previous year[4] - Total current assets decreased to ¥1,200,145,370.16 from ¥1,351,063,127.68 year-over-year[15] - Total assets amount to ¥2,863,456,836.68, a slight decrease from ¥2,906,732,786.56 in the previous year[16] - Short-term borrowings increased to ¥233,179,312.46 from ¥183,603,514.45 year-over-year[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥89,596,625.51, indicating a decline of 203.59%[3] - Cash flow from operating activities showed a net outflow of CNY 89.60 million in 2025, compared to a net inflow of CNY 86.49 million in 2024, indicating a significant change in cash flow dynamics[22] - The company reported a significant increase in cash paid for investment activities, totaling $269,082,886.80, compared to $253,650,115.01[23] - The net increase in cash and cash equivalents was -$237,405,034.73, compared to -$35,357,427.07 previously[23] - The ending balance of cash and cash equivalents was $114,748,740.24, slightly down from $120,577,463.31[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,661[11] - The largest shareholder, Anhui Hongdian Capital Management Partnership, holds 67,169,277 shares, representing 25.00% of total shares[11] - The company has no significant changes in shareholder structure or share lending activities during the reporting period[12] Investments and Expenses - The company attributed the significant increase in profits to the incorporation of new water industry projects and the successful acceptance of certain projects in the third quarter[9] - Research and development expenses increased to CNY 34.42 million in the first three quarters of 2025, up 48.29% from CNY 23.21 million in the same period of 2024[19] - The company reported a decrease in other comprehensive income, with a net amount of CNY -614,727.64 in 2025 compared to CNY -435,854.76 in 2024[20] - Investment cash outflow totaled $491,520,893.46, an increase of 60% from $307,400,223.69 in the previous period[23] - Net cash flow from investment activities was -$147,407,232.29, compared to a positive cash flow of $22,887,546.25 previously[23] - Financing cash inflow amounted to $293,166,518.47, significantly up from $44,460,000.00 in the prior period[23] - Cash outflow for debt repayment was $257,625,898.96, an increase from $162,499,350.00[23] - The impact of exchange rate changes on cash and cash equivalents was $61,472.06, down from $205,854.92[23]

Financial Performance - The company's operating revenue for the third quarter was ¥746,088,590.70, a decrease of 37.65% compared to the same period last year[4]. - Total profit for the third quarter reached ¥219,912,070.62, an increase of 232.53% year-on-year[4]. - Net profit attributable to shareholders was ¥194,432,785.16, reflecting a significant increase of 440.00% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.42, up 366.67% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥3,613,753,382.89, an increase of 2.0% compared to ¥3,537,931,760.50 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥393,921,004.17, compared to ¥235,482,242.00 in 2024, representing a significant increase of 67.3%[20]. - Earnings per share for the first three quarters of 2025 were ¥0.86, up from ¥0.46 in the same period of 2024, indicating a growth of 86.96%[21]. - Total comprehensive income amounted to ¥386,932,634.74, compared to ¥142,612,534.68 in the previous year[28]. - Basic and diluted earnings per share increased to ¥0.82 from ¥0.32 year-over-year[28]. Assets and Liabilities - The company's total assets increased by 5.40% to ¥7,172,498,583.44 compared to the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to ¥5,743,079,381.49, up from ¥4,648,577,308.08 at the end of 2024, reflecting a growth of 23.5%[25]. - The company's current assets totaled CNY 3,674,062,506.49, compared to CNY 3,587,592,791.84 in the previous period, indicating an increase of about 2.4%[14]. - The total liabilities of the company were CNY 3,674,062,506.49, reflecting a slight increase from the previous period[15]. - Total liabilities increased to ¥3,290,941,252.48 in 2025 from ¥3,076,000,463.07 in 2024, marking a rise of 6.9%[16]. - The total liabilities increased to ¥2,117,515,485.98 as of September 30, 2025, compared to ¥1,762,293,063.74 at the end of 2024, marking a rise of 20.2%[25]. Cash Flow - Cash flow from operating activities showed a significant decline of 95.52% year-to-date, influenced by the payment cycle from major manufacturers[9]. - Cash flow from operating activities for the first three quarters of 2025 was ¥8,725,686.65, a decrease from ¥194,986,059.87 in 2024[21]. - Cash inflow from operating activities was ¥1,950,471,746.19, down 17.3% from ¥2,358,412,437.69 in the same period last year[31]. - Net cash flow from operating activities decreased to ¥17,412,393.05 from ¥149,054,671.57, a decline of 88.3%[31]. - The company reported a net cash outflow from investing activities of ¥135,477,996.98, compared to a larger outflow of ¥739,457,496.00 in the previous year[22]. - Cash outflow from investing activities totaled ¥405,286,386.50, compared to ¥605,507,915.55 in the previous year, indicating a reduction of 33.1%[32]. - Cash inflow from financing activities increased to ¥346,999,983.50 from ¥132,000,000.00, a growth of 163.6%[32]. - Net cash flow from financing activities improved to ¥38,064,689.97 from -¥22,130,934.93[32]. Investments and Development - The increase in total profit is primarily attributed to the rise in long-term equity investment income accounted for using the equity method[9]. - The company's long-term equity investments increased to CNY 923,753,253.57 from CNY 629,598,556.11, representing a growth of approximately 46.7%[15]. - The long-term equity investments rose to ¥2,284,525,160.88, up from ¥1,396,139,198.01, reflecting a substantial increase of 63.7%[24]. - Research and development expenses for the first three quarters of 2025 were ¥139,425,255.45, compared to ¥126,245,375.51 in 2024, showing an increase of 10.4%[19]. - Research and development expenses for the first three quarters of 2025 were ¥76,951,702.08, slightly higher than ¥73,961,801.66 in the same period of 2024, showing a growth of 4.0%[27]. - The company has plans for new product development and market expansion, although specific details were not disclosed in the report[9]. Other Financial Metrics - Cash and cash equivalents decreased to CNY 594,710,727.17 from CNY 807,151,275.92, representing a decline of approximately 26.4%[14]. - The company's cash and cash equivalents at the end of the reporting period were ¥543,586,459.71, down from ¥609,989,005.52, indicating a decrease of 10.9%[22]. - The ending balance of cash and cash equivalents was ¥467,011,709.31, down from ¥506,241,303.16 in the previous year[32]. - Financial expenses rose to ¥13,070,874.39 in 2025 from ¥3,675,074.25 in 2024, indicating a significant increase of 256.5%[19]. - The company reported investment income of ¥313,837,515.55 in 2025, a recovery from a loss of ¥11,983,113.81 in 2024[19]. - The company will not apply new accounting standards or interpretations starting from 2025[33].