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].

Financial Performance - In Q3 2025, the company achieved operating revenue of CNY 436,084,688.93, representing a year-on-year increase of 19.78%[2] - The gross profit for Q3 2025 was CNY 106,259,300, reflecting a 33.94% increase compared to the same period last year, with a gross margin of 24.37%, up by 2.58 percentage points[9] - For the first three quarters of 2025, the company reported total revenue of CNY 1,227,155,351.32, a 12.17% increase year-on-year, driven by growth in intelligent computing services[9] - The net profit attributable to shareholders for Q3 2025 was a loss of CNY 3,776,870.41, while the net profit for the first three quarters was a loss of CNY 83,425,231.24[2] - The net loss for the first three quarters of 2025 was ¥83,721,310.50, compared to a net loss of ¥166,189,562.73 in the same period of 2024, indicating a 49.6% improvement[20] - The total comprehensive loss for the first three quarters of 2025 was ¥84,016,484.87, compared to a loss of ¥165,919,691.62 in the same period of 2024, reflecting a 49.3% reduction in losses[21] Cash Flow - The company’s cash flow from operating activities for Q3 2025 was CNY 47,033,188.53, an increase of 42.59% year-on-year[2] - Cash generated from operating activities in the first three quarters of 2025 was ¥1,462,621,087.97, an increase from ¥1,378,331,064.94 in 2024, representing a growth of 6.1%[22] - Net cash flow from operating activities was $94,175,353.81, slightly down from $96,160,139.46 in the previous period[23] - Cash inflow from financing activities reached $273,800,858.63, with a net cash flow of $235,033,534.58, compared to a negative cash flow of -$21,785,559.30 previously[24] Assets and Liabilities - The company’s total assets as of the end of Q3 2025 were CNY 3,591,545,345.51, a 6.21% increase from the end of the previous year[3] - The total current assets as of September 30, 2025, amount to ¥1,337,453,319.85, a decrease from ¥1,403,471,826.29 as of December 31, 2024[16] - The total non-current assets increased to ¥2,254,092,025.66 from ¥1,978,025,868.93[16] - The company's total liabilities increased to ¥1,184,883,259.25 in 2025 from ¥985,982,261.49 in 2024, marking a rise of 20.2%[18] - The total equity attributable to shareholders of the parent company was ¥2,406,376,214.42, slightly up from ¥2,394,933,482.63 in the previous year[18] Research and Development - R&D expenses totaled CNY 48,483,253.31 in Q3 2025, accounting for 11.12% of operating revenue, a decrease of 2.78 percentage points year-on-year[3] - Research and development expenses remained stable at approximately ¥147,159,991.95 for the first three quarters of 2025, compared to ¥147,463,655.38 in 2024[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,751[12] - The largest shareholder, Ji Xinhua, holds 50,831,173 shares, representing 11.14% of the total shares[12] Investment Income - The company recognized an investment income of CNY 63,750,100 from the change in accounting treatment of its investment in Anhui Haima Cloud Technology Co., Ltd.[9] - The company reported an investment income of ¥57,902,068.76 in 2025, a significant recovery from a loss of ¥5,194,697.21 in the same period of 2024[20] Earnings Per Share - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.18, an improvement from -¥0.36 in 2024[21] Other Financial Metrics - The weighted average return on equity improved to -0.17% in Q3 2025, an increase of 2.11 percentage points year-on-year[2] - AI-related revenue grew over 40% year-on-year, contributing to more than 40% of total operating revenue in the first three quarters of 2025[9] Cash Management - The total cash and cash equivalents at the end of the period were $649,639,365.94, down from $872,354,498.42 at the beginning of the period[24] - The cash and cash equivalents decreased to ¥673,558,439.96 from ¥781,794,448.72[16] - The impact of exchange rate changes on cash and cash equivalents was -$3,096,978.32, compared to -$869,966.17 last year[24] Accounting Standards - The company will not apply new accounting standards starting from 2025[25]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥30,779,839,228.87, representing a 6.10% increase year-over-year[5] - Net profit attributable to shareholders decreased by 36.58% to ¥243,649,538.37 for the same period[5] - The net profit after deducting non-recurring gains and losses was ¥220,015,417.94, down 45.81% compared to the previous year[5] - The basic earnings per share fell by 34.65% to ¥0.3615, while diluted earnings per share decreased by 35.52% to ¥0.3554[5] - Operating income decreased by 88.68% to 1,488,941.32, mainly due to last year's customer delays in picking up goods[10] - Net profit for the period was ¥697.58 million, a decrease of 23.9% from ¥916.05 million in the previous period[20] - Total comprehensive income for the period amounted to CNY 657,638,423.44, a decrease from CNY 999,580,736.40 in the previous period[21] - Basic earnings per share decreased to 0.9941 from 1.3814 year-over-year, while diluted earnings per share fell to 0.9773 from 1.3191[21] Assets and Liabilities - Total assets increased by 11.01% to ¥50,371,324,408.40 compared to the end of the previous year[5] - The total assets at the end of the period were ¥50.37 billion, up from ¥45.37 billion, indicating a growth of 11.0%[17] - Total liabilities increased to ¥38.47 billion from ¥35.40 billion, reflecting a rise of 8.8%[17] - Shareholders' equity attributable to the parent company rose by 20.11% to ¥11,104,619,693.30[5] - The company's equity attributable to shareholders rose to ¥11.10 billion, compared to ¥9.25 billion, an increase of 19.9%[17] Cash Flow - The company reported a net cash flow from operating activities of -¥791,434,200.58, a decline of 136.52% year-to-date[5] - Net cash flow from operating activities was negative at CNY -791,434,200.58, compared to a positive CNY 2,166,857,170.00 in the previous period[23] - Cash inflow from operating activities totaled CNY 129,903,164,921.89, an increase from CNY 104,864,696,730.75 year-over-year[22] - Cash outflow from operating activities increased to CNY 130,694,599,122.47 from CNY 102,697,839,560.75 in the previous period[23] - Net cash flow from investing activities was negative at CNY -864,842,406.88, worsening from CNY -387,844,295.90 year-over-year[23] - Cash inflow from financing activities decreased to CNY 15,366,710,029.83 from CNY 18,063,049,857.44 in the previous period[23] - Net cash flow from financing activities improved to CNY 1,286,940,185.12 from a negative CNY -2,620,279,708.39 year-over-year[23] - The ending cash and cash equivalents balance was CNY 5,182,619,469.47, up from CNY 4,668,681,301.21 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 164,745, with no preferred shareholders[12] - The largest shareholder, Guo Wei, holds 21.41% of shares, totaling 154,777,803, with 77,388,902 shares frozen[12] - The company has a total of 7,931,862 shares in its repurchase account, representing 1.10% of total shares[13] Operational Metrics - The company experienced a significant increase in trading financial assets, up 899.17% to ¥100,000,575.00 due to purchasing wealth management products[9] - Contract liabilities increased by 63.43% to ¥4,111,927,063.00, attributed to an increase in orders settled by advance payments[9] - Cash and cash equivalents increased to 6,574,345,950.80 from 5,650,235,547.90, reflecting a positive liquidity position[15] - Inventory rose significantly to 17,347,255,212.76 from 12,616,206,356.66, indicating potential growth in sales or production[15] - Total operating revenue for the period reached ¥102.37 billion, an increase of 11.5% compared to ¥91.57 billion in the previous period[19] - Total operating costs amounted to ¥101.32 billion, up from ¥90.32 billion, reflecting a growth of 12.2%[19] - Research and development expenses increased to ¥274.98 million, compared to ¥249.88 million, marking a rise of 10.0%[20] Audit Information - The company did not undergo an audit for the third quarter financial report[24]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,003,700,394.84, representing a year-on-year increase of 15.51%[4] - The total profit for the period was ¥168,768,319.68, a significant increase of 470.73% compared to the same period last year[4] - The net profit attributable to shareholders was ¥134,492,318.09, marking a remarkable turnaround from a loss of ¥6,596,960.00 in the previous year[4][10] - The net cash flow from operating activities was ¥143,831,160.70, up 38.79% year-on-year[4] - Total profit for the reporting period reached 470.73 million, driven by increased gross profit in the construction and building materials sectors, as well as gains from the disposal of financial assets[18] - Net profit attributable to shareholders for the reporting period was 9,864.85 million, reflecting growth in gross profit from the construction and building materials sectors[18] - Net profit for the first three quarters of 2025 was CNY 34,638,873.87, a significant recovery from a net loss of CNY 68,551,796.50 in the same period of 2024[31] - The total equity increased to CNY 5,876,720,085.06 from CNY 5,764,097,530.79, representing a growth of about 2%[30] - The total comprehensive income for the first three quarters of 2025 was CNY 37,560,626.13, compared to a loss of CNY 51,358,759.47 in 2024[32] Segment Performance - The construction segment's revenue increased by ¥28,713.46 million, driven by several ongoing projects reaching peak construction phases[7][10] - The building materials segment saw a revenue increase of ¥7,264.65 million, attributed to higher sales volumes from subsidiaries[8] - The company reported a net profit of ¥31,117,978.14 in the building materials segment, a significant improvement from the previous year's profit of ¥5,455,811.31[10] - The company is facing challenges in the construction segment, with net losses primarily due to high management costs and financial expenses[10] - The net profit attributable to shareholders from other segments was -7.9985 million yuan, primarily due to a significant increase in settlement supervision fees of 11.4917 million yuan from the wholly-owned subsidiary Tianying Company[12] - The net profit attributable to shareholders from the investment segment was 74.008 million yuan, including an investment gain of 60.7299 million yuan from selling 25 million shares of China Power Construction, with a total transaction amount of 183,678,187.38 yuan[12] Cash Flow and Assets - The net cash flow from operating activities for the first three quarters of 2025 was 326.9844 million yuan, an increase of 115.93% compared to 151.4301 million yuan in the same period last year[13] - The company's trading financial assets decreased by 36.07% due to the sale of part of its holdings in other listed companies' non-publicly issued stocks[16] - The accounts receivable increased by 73.70% due to an increase in commercial acceptance bills[16] - The construction in progress increased by 44.01% mainly due to increased investment in the building materials sector[16] - The company's other current liabilities decreased by 75.77% primarily due to a reduction in the amount of pending input tax to be transferred[16] - The company's cash and cash equivalents stood at RMB 2,249,897,270.18, down from RMB 2,309,000,663.09, indicating a decrease of about 2.2%[24] - The company's total assets amounted to RMB 12,486,941,910, a decrease from RMB 12,818,089,407.28 as of December 31, 2024, reflecting a decline of approximately 2.6%[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 210,461[20] - The largest shareholder, Tibet Construction Materials Group Co., Ltd., holds 23.52% of the shares[20] Research and Development - Research and development expenses for the year-to-date period amounted to 39.34 million, mainly due to an increase in R&D projects[17] - Research and development expenses rose to CNY 56,409,190.40 in 2025 from CNY 40,482,051.60 in 2024, marking an increase of 39.4%[30] - Research and development expenses increased to ¥4,311,558.42 in 2025, up from ¥567,865.03 in 2024, indicating a focus on innovation[40] Investment Activities - Non-operating income included government subsidies of 192.5234 million yuan, which are closely related to the company's normal business operations[14] - The company recognized an investment income of 8.4764 million yuan from cash dividends received from other listed companies' non-publicly issued A-shares[12] - Investment income for the year-to-date period was 273.39 million, primarily from the disposal of shares in other publicly listed companies[17] - The company reported a significant increase in investment income, totaling ¥86,103,197.80 in 2025, compared to ¥21,671,793.94 in 2024[40] Liabilities and Equity - The company's total liabilities decreased to CNY 6,610,221,824.94 from CNY 7,053,991,876.49 year-over-year, indicating a reduction of approximately 6.3%[30] - The company's long-term equity investments increased to CNY 727,616,860.70 from CNY 693,563,497.45, marking an increase of approximately 4.9%[25] - The company's long-term borrowings increased to CNY 816,434,178.65 from CNY 692,364,826.13, reflecting a rise of approximately 17.9%[30] - The total liabilities decreased to CNY 4,519,204,839.28 from CNY 4,568,969,165.22, indicating a reduction of 1.1%[38] - The total equity of the company as of September 30, 2025, was CNY 3,243,240,322.87, up from CNY 3,158,955,000.00 at the end of 2024[38]

Financial Performance - The company's operating revenue for the third quarter reached CNY 2,131,000,236.75, representing a year-on-year increase of 1.34%[5] - Total profit for the quarter was CNY 684,079,888.37, showing a decline of 14.15% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 510,395,317.56, down 14.96% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 507,500,271.59, a decrease of 8.43% compared to the previous year[6] - Total revenue for the first three quarters of 2025 reached CNY 6,049,555,577.49, an increase of 3.24% compared to CNY 5,859,778,932.60 in the same period of 2024[26] - Operating profit for the first three quarters of 2025 was CNY 1,950,851,776.01, up from CNY 1,892,340,898.81 in 2024, reflecting a growth of 3.08%[26] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 1,470,287,308.40, compared to CNY 1,374,015,126.12 in 2024, marking an increase of 7.01%[27] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was CNY 3,608,267,006.04, an increase of 31.12%[6] - The company reported a net cash flow from operating activities of CNY 3,608,267,006.04 for the first three quarters of 2025, significantly higher than CNY 2,751,908,590.91 in 2024, indicating a growth of 31.1%[28] - Cash and cash equivalents increased to approximately RMB 3.90 billion from RMB 2.91 billion at the end of 2024[24] - The company reported cash inflow from investment activities totaling $1,837,678,434.09, down from $4,265,714,275.17 in the prior period[29] - Cash outflow for the acquisition of fixed assets and other long-term assets was $2,841,152,646.23, significantly higher than $1,507,278,471.39 in the previous period[29] - Cash and cash equivalents at the end of the period reached $3,739,494,776.97, up from $2,701,172,908.09 at the end of the previous period[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,849, with the top ten shareholders holding a significant portion of the shares[10] - Shareholders' equity attributable to the parent company increased by 25.01% to CNY 27,381,737,785.47 compared to the end of the previous year[6] - The company’s total shareholding by Yunshan Capital reached 311,352,461 shares, accounting for 12.27% of the total share capital as of September 30, 2025[15] - The company’s total shareholding by China Merchants Highway reached 228,994,743 shares, representing 9.02% of the total share capital as of September 30, 2025[15] Project Performance - Daily average mixed traffic volume for the Meiguan Expressway in Shenzhen was 172, with a daily toll revenue of RMB 423,000 in Q3 2025[14] - The average daily toll revenue for the East Section of the Jihe Expressway reached RMB 1,986,000, with a daily traffic volume of 340 in Q3 2025[14] - The company reported a daily average traffic volume of 368 for the Outer Ring Project, generating RMB 3,609,000 in toll revenue during Q3 2025[14] - The total organic waste processing volume for the Guiyang project was 43.80 thousand tons, generating operational revenue of RMB 24,978,900 in Q3 2025[17] - The average daily traffic volume for the Changsha Ring Road was 97, with toll revenue of RMB 723,000 in Q3 2025[17] - The company’s operational revenue from the Nanning project was RMB 21,877,030, with an organic waste processing volume of 43.75 thousand tons in Q3 2025[17] - The average daily traffic volume for the West Line Expressway was 285, generating RMB 3,258,000 in toll revenue during Q3 2025[14] Financial Investments - The group has invested RMB 1.5 billion in five principal guaranteed floating income financial products during the reporting period, with a total balance of RMB 3.74 billion in financial products[23] - The group’s long-term equity investments stood at approximately RMB 19.95 billion as of September 30, 2025, compared to RMB 19.76 billion at the end of 2024[24] Liabilities and Equity - Total liabilities decreased to CNY 38,496,420,029.38 in 2025 from CNY 40,356,460,239.19 in 2024, a reduction of approximately 4.6%[25] - The total equity attributable to shareholders of the parent company increased to CNY 27,381,737,785.47 in 2025 from CNY 21,903,521,723.27 in 2024, reflecting a growth of 24.8%[25] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 25,976,025.88, up from CNY 23,025,773.58 in 2024, indicating a 12.7% increase[26] Financial Expenses - The company’s financial expenses decreased to CNY 569,384,394.17 in 2025 from CNY 756,854,775.51 in 2024, a decline of 24.8%[26] Earnings Per Share - The basic earnings per share for the quarter was CNY 0.193, a decrease of 24.02% year-on-year[6] - The basic earnings per share for the first three quarters of 2025 was CNY 0.575, compared to CNY 0.566 in 2024, representing an increase of 1.59%[27]

晶澳太阳能科技股份有限公司 2025 年第三季度报告 证券代码：002459 证券简称：晶澳科技 公告编号：2025-100 债券代码：127089 债券简称：晶澳转债 晶澳太阳能科技股份有限公司 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。 □是 否 1 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 晶澳太阳能科技股份有限公司 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） ...

Financial Performance - The company's operating revenue for the third quarter was ¥52,345,995.49, representing a year-on-year increase of 5.99%[5] - The total profit for the quarter was ¥2,300,973.03, while the net profit attributable to shareholders was ¥1,681,587.51[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,338,862.88 for the quarter[5] - Total operating revenue for the first three quarters of 2025 reached ¥158.34 million, a 4.5% increase from ¥151.95 million in the same period of 2024[20] - Total operating costs increased to ¥206.97 million in 2025, up from ¥202.75 million in 2024, reflecting a rise of 2.9%[20] - Operating profit for the first three quarters of 2025 was -¥28.98 million, an improvement from -¥55.23 million in 2024, indicating a reduction in losses[21] - Net profit for the first three quarters of 2025 was -¥32.96 million, compared to -¥55.35 million in 2024, showing a significant decrease in losses by 40.4%[21] - Basic and diluted earnings per share for 2025 were both -¥0.12, an improvement from -¥0.20 in 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,181,732,610.62, an increase of 101.22% compared to the end of the previous year[6] - The equity attributable to shareholders decreased by 9.94% to ¥233,909,161.96 compared to the previous year[6] - Total current assets amount to 569,476,700.37 RMB, a significant increase from 228,302,926.83 RMB in the previous period[17] - Total non-current assets are reported at 612,255,910.25 RMB, up from 358,973,830.28 RMB[18] - Total liabilities amount to 904,275,279.61 RMB, compared to 342,160,591.10 RMB previously[19] - The total equity attributable to shareholders of the parent company is 233,909,161.96 RMB, down from 259,721,007.32 RMB[19] - The company has a short-term loan of 317,659,319.64 RMB, significantly higher than 60,068,236.30 RMB in the previous period[18] - The inventory value stands at 348,251,980.63 RMB, compared to 106,722,661.36 RMB previously, indicating a substantial increase[17] - The company reported a net loss of -389,874,211.13 RMB in retained earnings[19] - The total assets of the company are 1,181,732,610.62 RMB, compared to 587,276,757.11 RMB in the previous period[19] Cash Flow - The company reported a cash flow from operating activities of -¥81,654,733.30 year-to-date[5] - Cash flow from operating activities for the first three quarters of 2025 was -¥81.65 million, worsening from -¥29.18 million in 2024[24] - Cash inflow from financing activities in 2025 was ¥203.99 million, significantly higher than ¥79.20 million in 2024, indicating increased financing efforts[26] - The net cash flow from financing activities in 2025 was ¥106.02 million, a turnaround from -¥1.68 million in 2024[26] - The ending cash and cash equivalents balance for 2025 was ¥6.03 million, down from ¥8.87 million in 2024[26] Non-Recurring Gains and Cost Management - Non-recurring gains for the quarter totaled ¥4,020,450.39, with significant contributions from government subsidies and asset impairment reversals[9] - The company implemented cost reduction and efficiency improvement measures, including closing loss-making stores and increasing marketing efforts[10] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,220[13] - The largest shareholder, Wu Tao, holds 45.00% of shares with 118,240,460 shares[13] Research and Development - Research and development expenses decreased to ¥5.67 million in 2025 from ¥7.67 million in 2024, reflecting a 26% reduction[21] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of the year[27]