Financial Performance - The company's revenue for the third quarter was ¥1,421,906,791.17, a decrease of 13.91% compared to the same period last year[5] - The net profit attributable to shareholders was -¥39,257,155.26, representing a decline of 550.22% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥38,983,502.12, down 282.74% from the previous year[5] - The basic and diluted earnings per share were both -¥0.0811, a decrease of 548.80% compared to the same period last year[5] - The net profit for the current period was a loss of ¥115,578,876.68, compared to a loss of ¥80,258,470.64 in the previous period, reflecting a deterioration in performance[20] - The basic and diluted earnings per share for the current period were both -0.2051, compared to -0.1200 in the previous period, indicating a decline in profitability per share[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,855,215,152.09, a decrease of 1.15% from the end of the previous year[5] - Total current assets decreased from 9,727,565,901.94 CNY to 9,506,333,737.40 CNY, a decline of approximately 2.27%[16] - Cash and cash equivalents decreased from 1,555,038,627.75 CNY to 1,304,396,105.94 CNY, a reduction of about 16.14%[16] - The total liabilities decreased to ¥14,047,487,305.51 from ¥14,199,062,510.36, indicating a reduction in financial obligations[18] - Non-current liabilities increased significantly to ¥3,881,878,384.61, up from ¥2,876,656,464.35, showing a shift in the company's debt structure[18] - The total assets decreased to ¥16,855,215,152.09 from ¥17,051,184,434.32, indicating a contraction in the asset base[18] - The total equity attributable to the parent company decreased to ¥1,877,298,998.99 from ¥1,928,037,170.02, reflecting a decline in shareholder value[18] Cash Flow - The net cash flow from operating activities decreased by ¥59,300,543.25, an increase of 66.25% year-on-year[9] - The net cash flow from investing activities increased by ¥66,970,000, a growth of 38.32% compared to the previous year[9] - The net cash flow from financing activities decreased by ¥33,429,000, a decline of 95.92% year-on-year[9] - Operating cash flow for the current period was -59,300,543.25 CNY, an improvement from -175,728,800.71 CNY in the previous period[21] - Total cash inflow from operating activities increased to 4,224,099,023.99 CNY, up from 3,755,201,335.64 CNY year-over-year[21] - Cash outflow from operating activities rose to 4,283,399,567.24 CNY, compared to 3,930,930,136.35 CNY in the prior period[21] - Net cash flow from investing activities was -107,801,518.20 CNY, an improvement from -174,768,837.13 CNY in the previous year[21] - Cash inflow from financing activities totaled 3,358,949,919.05 CNY, down from 4,046,119,778.98 CNY year-over-year[22] - Net cash flow from financing activities was 14,220,156.41 CNY, a decrease from 348,506,777.79 CNY in the previous period[22] - The ending cash and cash equivalents balance was 1,041,790,771.60 CNY, compared to 910,447,652.30 CNY at the end of the previous period[22] - Cash inflow from the issuance of new investments was 5,784,000.00 CNY, significantly higher than 220,000.00 CNY in the prior period[22] - Cash outflow for the purchase of fixed assets was 135,579,126.41 CNY, down from 178,551,291.59 CNY year-over-year[21] Shareholder Information - The largest shareholder, Poly Jiulian Holdings Group, holds 29.65% of shares, totaling 143,478,060 shares[13] - Guizhou Baojiu Security Group is the second-largest shareholder with a 14.84% stake, amounting to 71,829,494 shares[13] - The total liabilities and equity structure remains stable with no significant changes reported in the shareholder financing activities[13] - There are no changes in the top 10 shareholders' participation in margin trading or securities lending activities[13] Operating Performance - Total operating revenue for the current period reached ¥4,604,349,087.89, an increase of 9.1% compared to ¥4,217,524,291.52 in the previous period[19] - Total operating costs increased to ¥4,704,462,144.92, up 9.3% from ¥4,302,072,208.72 in the previous period[19] - Research and development expenses rose to ¥117,629,159.91, an increase from ¥106,744,301.64, highlighting a commitment to innovation[19] Audit Information - The company did not undergo an audit for the third quarter financial report[23]

Financial Performance - The company's operating revenue for Q3 2025 was ¥151,597,102.11, a decrease of 30.24% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥5,051,184.19, an increase of 34.18% year-on-year, while the net profit excluding non-recurring items was ¥1,061,046.87, up 125.92%[3]. - Total revenue for the first nine months of 2025 was ¥419,656,410.70, a decline of 37.27% year-on-year, primarily due to the downturn in the real estate sector[9]. - The net profit attributable to shareholders for the first nine months was -¥7,525,191.20, a decline of 191.47% compared to the same period last year[9]. - Net profit for the period was a loss of ¥9,340,251.04 compared to a profit of ¥5,862,750.38 in the previous period, indicating a significant downturn[20]. - The total comprehensive income attributable to shareholders was a loss of ¥7,525,191.20 compared to a profit of ¥8,226,837.82 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,471,017,946.33, down 4.23% from the end of the previous year[3]. - Total current assets decreased from 713,458,155.98 CNY to 669,160,002.99 CNY, a reduction of approximately 6.2%[15][16]. - Cash and cash equivalents decreased from 273,440,960.24 CNY to 242,143,703.41 CNY, a decline of about 11.4%[15]. - Inventory decreased from 113,014,702.24 CNY to 84,728,689.83 CNY, a decrease of approximately 25.0%[16]. - Total non-current assets decreased from 822,491,269.29 CNY to 801,857,943.34 CNY, a reduction of approximately 2.5%[16]. - The company's total liabilities decreased to ¥548,825,835.58 from ¥604,414,057.78, a reduction of approximately 9.2%[18]. - The total equity attributable to shareholders decreased to ¥931,857,250.74 from ¥939,385,447.64, a decline of about 0.6%[18]. Cash Flow - The company reported a net cash flow from operating activities of ¥16,891,973.66, a significant improvement of 126.67% compared to the same period last year[10]. - Cash flow from operating activities generated ¥16,891,973.66, a recovery from a negative cash flow of ¥63,339,093.74 in the previous period[21]. - The company reported a significant increase in cash received from investment activities, totaling ¥241,816,537.15 compared to ¥662,304,717.88 in the previous period[21]. - Cash inflow from financing activities amounted to $108,940,850.38, up from $10,255,243.82, showing a substantial increase[22]. - Net cash flow from financing activities was $51,055,951.83, a recovery from -$160,819,336.07 in the previous period[22]. - The net increase in cash and cash equivalents was -$16,010,406.49, compared to -$226,449,620.00 previously, indicating an improvement[22]. - The ending balance of cash and cash equivalents was $217,008,875.39, down from $262,037,139.10[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,944[12]. - The largest shareholder, Ma Libin, holds 39.12% of shares, totaling 71,553,786 shares[12]. - The top 10 shareholders hold a combined 58.32% of the shares[12]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13]. Expenses - The company's gross profit margin decreased, with total costs for the first nine months at ¥427,382,938.71, down 36.49% year-on-year[9]. - Research and development expenses for the first nine months were ¥18,244,976.02, a decrease of 36.20% compared to the previous year[9]. - Research and development expenses were ¥18,244,976.02, down from ¥28,595,119.15, reflecting a decrease of approximately 36.2% year-on-year[19]. Financial Changes - The company experienced a significant increase in financial assets, with trading financial assets rising by 70.59% to ¥129,279,600.00[7]. - The company's long-term borrowings increased to ¥41,517,919.43, reflecting a 100% rise due to new bank loans[8]. - The company's long-term borrowings increased to ¥41,517,919.43 from zero, indicating new financing activities[18]. Accounting and Reporting - The third quarter financial report was not audited, which may affect the reliability of the reported figures[23]. - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[24].

Financial Performance - The company's revenue for Q3 2025 was ¥1,875,813,384, a decrease of 12.85% year-on-year, while the revenue for the first three quarters was ¥5,627,105,173, down 8.41% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥313,293,281.78, an increase of 31.43% year-on-year, but the net profit for the first three quarters decreased by 25.67% to ¥476,428,959.39[5] - The basic earnings per share for Q3 2025 was ¥0.60, reflecting a year-on-year increase of 33.33, while the diluted earnings per share was ¥0.56, up 27.27%[5] - Total revenue for the current period is ¥5,627,105,173.24, a decrease of 8.43% from ¥6,143,923,658.27 in the previous period[21] - Net profit for the current period is ¥560,613,786.74, a decline of 18.83% compared to ¥690,576,353.68 in the previous period[22] - Earnings per share (EPS) for the current period is ¥0.91, down from ¥1.22 in the previous period[23] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥7,591,436,389.71, representing a 6.73% increase from the end of the previous year[5] - Total assets increased to ¥7,591,436,389.71 from ¥7,112,584,251.13, reflecting a growth of 6.73%[20] - Total liabilities rose to ¥4,827,669,218.56, an increase of 7.09% from ¥4,507,912,645.50[20] - Non-current liabilities increased to ¥1,386,290,913.96, up from ¥1,249,949,031.86, marking an increase of 10.87%[20] - The company's equity attributable to shareholders increased to ¥2,481,532,375.26 from ¥2,374,910,404.59, a growth of 4.49%[20] Cash Flow - The company recorded a cash flow from operating activities of ¥621,417,565.21 for the first three quarters, an increase of 10.49% year-on-year[5] - Operating cash flow for the current period is ¥621,417,565.21, an increase of 10.5% compared to ¥562,424,238.63 in the previous period[24] - Total cash inflow from operating activities is ¥6,420,978,563.77, slightly down from ¥6,429,999,941.74 in the previous period[24] - Cash outflow for purchasing goods and services decreased to ¥3,771,991,577.06 from ¥4,084,199,674.25, reflecting a reduction of approximately 7.7%[24] - The ending balance of cash and cash equivalents is ¥1,650,925,231.28, up from ¥1,037,953,705.98 in the previous period[25] Investments and Subsidies - The company received government subsidies amounting to ¥1,442,920.74 during the reporting period, contributing to its financial performance[6] - The company reported an investment loss of ¥6,155,038.67, compared to a profit of ¥37,980,848.89 in the previous period[21] - Cash received from investment recovery is ¥230,000,000.00, down from ¥250,763,665.81 in the previous period[25] - Total cash outflow for investment activities is ¥766,370,662.08, slightly lower than ¥768,391,595.90 in the previous period[25] Operational Changes - The core business brand operation achieved revenue of ¥4,101,000,000, remaining stable year-on-year, while the wholesale distribution business saw a revenue decline of 28.85% to ¥1,211,000,000[8] - The company has focused on core brand operations, leading to a reduction in the scale of wholesale distribution business[9] - The company has seen a significant increase in the fair value changes of financial assets, contributing to the net profit growth in Q3 2025[9] - The company signed a strategic cooperation agreement with Tianjin Jikun Pharmaceutical Technology Co., aiming to enhance its capabilities in organ fibrosis and related diseases[16] - The strategic partnership is expected to enhance the company's innovation in the field of organ fibrosis, potentially increasing its market presence[16]

Financial Performance - The company's revenue for Q3 2025 reached ¥257,590,098.55, representing a 75.05% increase year-over-year[8] - Net profit attributable to shareholders was ¥55,089,459.00, a staggering increase of 5,058.03% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥54,885,082.57, reflecting a 2,476.32% increase year-over-year[8] - Basic earnings per share (EPS) stood at ¥0.35, up 3,400.00% from the previous year[8] - Total operating revenue increased to ¥569,381,452.02, up 24% from ¥460,053,505.84 in the previous period[27] - Operating profit surged to ¥105,554,487.64, compared to ¥14,862,477.85 in the prior period, marking a significant increase[27] - Net profit reached ¥87,890,472.48, a substantial rise from ¥13,228,958.35, reflecting a growth of over 600%[28] - Basic and diluted earnings per share improved to ¥0.57, compared to ¥0.10 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,358,762,113.17, a slight increase of 0.07% from the end of the previous year[8] - Current assets decreased from CNY 1,444,827,275.63 to CNY 1,372,441,823.36, primarily due to a reduction in cash and cash equivalents from CNY 748,122,066.26 to CNY 688,037,354.38[22] - The company's total liabilities decreased from CNY 957,528,390.11 to CNY 892,150,241.04, indicating improved financial stability[25] - The equity attributable to the parent company increased from CNY 1,380,836,018.00 to CNY 1,464,197,382.50, reflecting a growth in retained earnings[25] - The non-current assets total increased from CNY 912,276,113.46 to CNY 986,320,289.81, reflecting ongoing investments in long-term projects[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥73,776,030.98, down 60.95% from the previous year[16] - Cash flow from operating activities generated a net amount of ¥73,776,030.98, down from ¥188,936,635.01 in the prior period[29] - Investment activities resulted in a net cash outflow of ¥98,239,272.86, contrasting with a net inflow of ¥27,498,204.70 previously[30] - Cash and cash equivalents at the end of the period totaled ¥663,589,673.83, down from ¥803,313,084.99 at the end of the previous period[30] Expenses - Financial expenses increased by 558.02% to -¥25,397,787.24, primarily due to increased interest income from large deposits[15] - The company reported a significant increase in income tax expenses, which rose by 675.47% to ¥17,272,239.26, driven by higher total profits[15] - The company experienced a tax expense of ¥17,272,239.26, significantly higher than ¥2,227,312.73 in the previous period, reflecting increased profitability[28] - The company reported a decrease in sales expenses to ¥20,146,373.94 from ¥21,884,142.28, indicating improved cost management[27] - Research and development expenses increased to ¥20,500,991.11, up from ¥19,222,055.59, highlighting ongoing investment in innovation[27] Shareholder Information - Shareholders' equity attributable to the parent company increased by 6.04% to ¥1,464,197,382.50 compared to the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 7,324[17] Inventory and Receivables - The inventory balance increased from CNY 302,285,627.47 to CNY 313,872,347.34, indicating a potential buildup of stock[23] - The accounts receivable decreased from CNY 129,818,643.65 to CNY 119,625,059.09, suggesting improved collection efforts[22] - The company reported a significant increase in prepayments from CNY 35,793,788.84 to CNY 45,835,446.47, indicating future commitments[23] Strategic Initiatives - The company established a joint venture with Shanghai Matrix Superintelligent System Integration Co., Ltd. to explore AI and robotics applications in cultural and tourism sectors[20]

Revenue and Profit - Revenue for Q3 2025 reached ¥920,267,018.27, an increase of 5.97% year-over-year[5] - Net profit attributable to shareholders was ¥148,969,046.39, up 90.57% compared to the same period last year[5] - Basic earnings per share rose to ¥0.2352, reflecting a 90.60% increase year-over-year[5] - Total operating revenue for the current period reached ¥2,596,602,769, an increase of 5.95% compared to ¥2,450,075,783.88 in the previous period[17] - Net profit for the current period was ¥354,886,223.32, representing a 33.47% increase from ¥265,683,777.98 in the previous period[19] - Earnings per share (EPS) increased to ¥0.5519 from ¥0.4233, marking a growth of 30.38%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,353,289,822.32, representing a growth of 5.82% from the previous year[5] - The company's total assets as of September 30, 2025, amount to ¥5,353,289,822.32, an increase from ¥5,058,919,305.88 at the beginning of the period[14] - Current assets total ¥2,196,817,121.60, up from ¥1,927,816,411.03 at the start of the period, indicating a growth of approximately 13.93%[13] - Total liabilities decreased slightly to ¥1,604,726,940.52 from ¥1,610,882,574.54, a reduction of 0.77%[15] - Long-term borrowings decreased significantly from ¥89,172,480.24 to ¥23,445,763.96, a decline of approximately 73.7%[14] Cash Flow - Cash flow from operating activities for the year-to-date was ¥551,316,700.13, an increase of 6.70%[5] - Cash flow from operating activities generated a net amount of ¥551,316,700.13, compared to ¥516,704,451.55 in the previous period, an increase of 6.67%[19] - The net cash flow from investment activities decreased by 116.36% to -¥209,626,167.84, primarily due to increased expenditures on idle fund management[10] - Cash flow from investment activities showed a net outflow of $209.63 million, compared to a net outflow of $96.89 million in the previous period, indicating a significant increase in investment expenditures[20] - Cash flow from financing activities resulted in a net outflow of $263.38 million, compared to a net outflow of $201.16 million in the previous period, highlighting increased financing costs[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,774, with no preferred shareholders having restored voting rights[11] - The top 10 shareholders hold a total of 23.02% of shares, with the largest shareholder, Cui Jinhai, owning 145,794,859 shares[11] - The top shareholder group includes Cui Jinhai, Wan Xiaoxiang, Cui Hui, and Cui Xingwei, who are identified as the company's controlling shareholders[11] - The company has a repurchase account holding 14,507,510 shares, which accounts for 2.29% of the total share capital[12] Research and Development - The company reported a significant increase in research and development expenses, totaling ¥76,595,392.83, which is a 32.39% rise compared to the previous year[9] - Research and development expenses rose to ¥76,595,392.83, up from ¥57,853,716.21, indicating a significant investment in innovation[17] Future Outlook - The company anticipates continued growth in revenue and profit margins, driven by ongoing market expansion and new product development initiatives[5] Other Financial Metrics - Other comprehensive income after tax for the current period was ¥651,981.93, compared to a loss of ¥2,256,425.56 in the previous period, showing a positive turnaround[19] - The impact of exchange rate fluctuations on cash and cash equivalents was positive, contributing $4.29 million compared to a negative impact of $1.95 million in the previous period[20] - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[21] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[22]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,919,464,112.63, representing a 4.11% increase year-over-year, while the revenue for the year-to-date period decreased by 4.86% to CNY 8,873,354,167.25[5] - Net profit attributable to shareholders for Q3 2025 was CNY 27,221,276.17, a significant increase of 815.86% compared to the same period last year, with a year-to-date net profit of CNY 52,319,047.46, up 9.51%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -41,893,985.61, a decrease of 19.08% year-over-year, with a year-to-date figure of CNY -96,336,518.59, down 58.56%[5] - Total operating revenue decreased to ¥8,873,354,167.25 from ¥9,327,003,257.67, representing a decline of approximately 4.86% year-over-year[21] - Net profit for the period was ¥60,992,526.44, slightly up from ¥60,797,880.99, indicating a marginal increase of 0.32% year-over-year[22] - Operating profit increased to ¥73,295,933.39 from ¥54,513,731.18, showing a growth of approximately 34.3% year-over-year[22] - Total comprehensive income for the period was -14,042,521.81, compared to 4,295,544.18 in the previous period, indicating a significant decline[23] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 16,511,434,520.71, a decrease of 3.89% from the end of the previous year[5] - The total assets decreased to ¥16,511,434,520.71 from ¥17,179,238,619.93, a decline of approximately 3.88%[19] - Total liabilities decreased to ¥10,435,896,851.59 from ¥11,105,198,269.00, reflecting a reduction of about 6.02%[19] - Long-term borrowings increased to ¥1,031,573,254.67 from ¥818,855,854.27, representing a rise of approximately 26%[19] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 1,622,971,720.11, reflecting an increase of 28.18%[5] - Net cash flow from operating activities was 1,622,971,720.11, an increase from 1,266,154,569.87 in the previous period[25] - Cash inflow from financing activities totaled 8,709,429,947.15, compared to 8,484,513,219.11 in the previous period[25] - Net cash flow from investing activities was -609,743,825.52, an improvement from -717,958,308.01 in the previous period[25] - The company reported a decrease in other cash received related to operating activities to 1,191,925,660.13 from 1,083,274,045.21 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,360[12] - Huafu Holdings Limited holds 23.60% of shares, totaling 401,315,662 shares[12] - The third largest shareholder, after the transfer, is the Xingjian Qilong Private Securities Investment Fund, holding 100,340,200 shares[15] - The company completed a share transfer agreement on September 27, 2024, transferring 100,340,200 shares (5.90% of total shares) at a price of 3.42 CNY per share, totaling 343,163,484 CNY[14] Inventory and Financial Assets - The company's trading financial assets increased by 263.09% to CNY 839,436,737.01, primarily due to an increase in futures and wealth management products[8] - Inventory decreased by 33.84% to CNY 3,150,740,333.86, mainly due to increased inventory turnover[8] - Trading financial assets increased to 839,436,737.01 CNY from 231,193,994.30 CNY[17] - Accounts receivable decreased to 1,335,061,703.68 CNY from 1,457,626,076.42 CNY[17] - Prepayments increased to 1,198,815,459.29 CNY from 796,363,179.47 CNY[17] Other Financial Metrics - The weighted average return on net assets was 0.47%, a slight increase from 0.42% in the previous period[5] - The company reported a basic and diluted earnings per share of 0.04, unchanged from the previous period[23] - Other comprehensive income after tax showed a negative value of -¥75,035,048.25, worsening from -¥56,502,336.81 in the previous period[22] - The company received cash from sales of goods and services amounting to 9,619,649,320.94, down from 10,176,830,418.06 in the previous period[24] - Total cash outflow from operating activities was 9,212,485,230.95, compared to 10,004,102,477.54 in the previous period[25] Project Updates - The Akesu Urban Public Computing Power Platform project is currently under construction and progressing normally[16]

Financial Performance - The company's revenue for Q3 2025 reached ¥237,064,675.99, representing an increase of 11.48% compared to the same period last year[5] - Net profit attributable to shareholders was ¥16,040,858.95, a significant increase of 39.14% year-on-year[5] - The basic earnings per share for the period was ¥0.10, reflecting a growth of 42.86% compared to the previous year[5] - Total revenue for the third quarter reached ¥675,198,160.26, an increase of 11.55% compared to ¥605,169,235.77 in the previous year[18] - The company's net profit margin decreased, with net profit attributable to shareholders at ¥478,252,129.29, down from ¥495,605,921.92[17] - The net profit for Q3 2025 was CNY 49,135,692.63, a slight increase from CNY 48,706,609.64 in Q3 2024, representing a growth of 0.88%[19] - Operating profit for the quarter was CNY 58,750,312.17, compared to CNY 57,847,331.10 in the previous year, indicating an increase of 1.56%[19] - Total revenue from operating activities reached CNY 615,709,298.86, up from CNY 589,445,119.07, reflecting a growth of 4.08% year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,860,733,126.41, marking a 3.09% increase from the end of the previous year[5] - Total assets increased to ¥1,860,733,126.41, compared to ¥1,804,917,616.64 at the beginning of the period, marking a growth of 3.1%[16] - Total liabilities rose to ¥310,312,557.91, up from ¥240,222,745.91, indicating a significant increase of 29.1%[16] Cash Flow - The company reported a decrease in cash flow from operating activities, with a net amount of ¥53,773,222.84, down 36.78% year-to-date[5] - The net cash flow from operating activities was CNY 53,773,222.84, down from CNY 85,058,120.39, a decrease of 36.83%[21] - Cash and cash equivalents decreased to ¥867,486,696.14 from ¥1,072,567,745.04, a decline of 19.06%[15] - Cash and cash equivalents at the end of the period were CNY 866,249,369.57, down from CNY 1,038,913,916.84, a decrease of 16.54%[22] - The company experienced a net cash outflow from investing activities of CNY 192,112,968.74, compared to a net outflow of CNY 167,808,918.39 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,603[10] - The largest shareholder, Xinyin (Hong Kong) International Holdings Limited, holds 61.20% of shares, totaling 104,160,000 shares[10] - The second-largest shareholder, WinTime Investment Holding (HK) Co., Limited, holds 1.61% of shares, totaling 2,736,000 shares[10] - The total number of restricted shares at the beginning of the period was 110,256,000, with no new restricted shares added during the period[13] - The total number of unrestricted shares held by the top ten shareholders includes 1,701,900 shares held by Fulakai Consulting (Shanghai) Co., Ltd.[11] - The company has a significant number of shares held by domestic natural persons, including Chen Feng with 0.51% (870,000 shares) and Feng Zetian with 0.43% (740,000 shares)[10] - The company plans to lift restrictions on shares held by major shareholders, with the earliest release date set for January 2027[13] - The company has not reported any changes in the shareholding structure due to lending or borrowing of shares among the top ten shareholders[11] - The total number of shares held by the top ten unrestricted shareholders is 6,000,000 shares[11] Expenses and Costs - Total operating costs amounted to ¥620,484,556.98, up 14.06% from ¥544,025,913.69 in the prior year[18] - Research and development expenses for the quarter were ¥25,166,894.55, compared to ¥23,749,457.65 in the previous year, reflecting a growth of 5.98%[18] - The company incurred a total tax expense of CNY 7,991,771.67, down from CNY 8,866,651.04, a decrease of 9.83%[19] Other Financial Metrics - The weighted average return on equity was 1.02%, an increase of 0.29% compared to the previous year[5] - Non-recurring gains and losses totaled ¥1,311,119.88 for the quarter, with government subsidies contributing ¥233,716.00[6] - Financial expenses decreased by 49% to -¥4,586,953.61, primarily due to reduced interest income[8] - Investment income surged by 137% to ¥5,585,333.42, influenced by the settlement of forward foreign exchange transactions and interest from financial products[8] - The diluted earnings per share remained stable at CNY 0.29, consistent with the previous year[20] - The other comprehensive income after tax attributable to the parent company was CNY 222,846.00, down from CNY 552,962.43, a decrease of 59.73%[19] Strategic Developments - The company has not disclosed any significant new strategies or product developments in the current reporting period[12]

深圳市联域光电股份有限公司 2025 年第三季度报告 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 1 证券代码：001326 证券简称：联域股份 公告编号：2025-057 深圳市联域光电股份有限公司 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： 公司是否需追溯调整或重述以前年度会计数据 （一） 主要会计数据和财务指标 □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） | 386,325,512.81 | 3.90% | 1,155,403,323.73 | 1.03% | | 归属于上市公司股东 ...

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥243,240,426.65, representing a 409.97% increase year-over-year, and a total revenue of ¥478,189,165.49 for the year-to-date, up 200.07% compared to the same period last year[6] - The net profit attributable to shareholders was -¥13,825,114.12 for the quarter, a decline of 128.30% year-over-year, and -¥34,598,579.69 year-to-date, down 164.83% compared to the previous year[6] - The net loss for the current period was ¥34,598,579.69, compared to a net loss of ¥13,079,249.05 in the previous period, reflecting a worsening of approximately 165%[27] - Total comprehensive income for the period was -36,279,403.86, compared to -14,639,997.78 in the previous period, indicating a significant decline[28] - Basic and diluted earnings per share were both -0.0486, compared to -0.0183 in the previous period, reflecting a worsening performance[28] Assets and Liabilities - Total assets increased by 53.15% to ¥744,106,172.10 compared to the end of the previous year, while equity attributable to shareholders rose by 26.47% to ¥424,943,237.88[6] - Current assets totaled ¥575,490,455.60, an increase from ¥363,069,222.82 at the beginning of the period, showing a growth of about 58.6%[22] - The company's total assets reached ¥744,106,172.10, up from ¥485,868,171.45, marking an increase of approximately 53.1%[24] - Total liabilities increased to ¥319,162,934.22 from ¥149,853,988.25, representing a growth of about 113%[24] - The company's equity attributable to shareholders increased to ¥424,943,237.88 from ¥336,014,183.20, reflecting a growth of approximately 26.5%[24] Cash Flow - The company reported a net cash flow from operating activities of -¥206,030,097.48 year-to-date, reflecting a decrease of 733.85% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of -206,030,097.48, a decrease from a net inflow of 32,504,311.81 in the previous period[31] - Cash inflow from sales of goods and services was 362,910,945.79, up from 163,945,683.67 in the previous period, indicating improved sales performance[30] - Cash outflow for purchasing goods and services was 433,664,551.86, significantly higher than 72,155,231.25 in the previous period, leading to increased operational costs[30] - Cash inflow from financing activities resulted in a net inflow of 132,983,075.74, compared to a net outflow of -20,684,798.89 in the previous period, showing improved financing conditions[31] Operating Costs and Expenses - The company experienced a 567.78% increase in operating costs, amounting to ¥360,521,115.26, driven by the substantial rise in revenue[11] - Total operating costs amounted to ¥490,679,173.18, up from ¥216,036,309.89, indicating a rise of about 127%[26] - The company reported a decrease in long-term expenses from ¥13,121,567.04 to ¥7,294,628.82, a reduction of about 44.5%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,397, with no preferred shareholders having restored voting rights[14] - The top ten shareholders hold a combined 34.42% of the company's shares, with 恒泰证券股份有限公司 holding 9.42% and 广州普慧源贸易有限公司 holding 8.96%[14] Risks and Challenges - The company's stock was subject to financial delisting risk warning due to negative net profit and revenue below 300 million, as per the Shenzhen Stock Exchange regulations[17] - The controlling shareholder's 22 million shares, accounting for 3.09% of the total shares, were judicially frozen due to historical debt defaults[18] - A transfer of 7,942,605 shares (1.11% of total shares) from 嘉远新能源投资 to 辽宁锐洋能源科技有限公司 is in process, which will not affect the overall control of the company[19] - The company reported a foreign currency translation loss of -1,680,824.17, compared to -1,560,748.73 in the previous period, highlighting currency risk exposure[28] Asset Management - The company reported a significant increase in accounts receivable, which rose by 422.66% to ¥180,462,338.66, primarily due to the addition of new subsidiaries during the reporting period[10] - The company reported a significant increase in fixed assets, which rose by 1256.22% to ¥36,635,563.42, primarily due to the acquisition of new subsidiaries[11] - The company disposed of non-current assets, resulting in a loss of -¥57,002.25 for the quarter, while the total gain from asset disposals year-to-date was ¥15,421,327.17[8] - Asset impairment losses increased by 55.92% to -22,012,729.23, primarily due to an increase in inventory write-down provisions during the reporting period[12] - The company reported a significant increase in asset disposal gains of 304.07%, reaching 81,229.87, mainly from the disposal of idle fixed assets[12]

Financial Performance - The company's operating revenue for the third quarter was ¥37,817,702.27, a decrease of 1.61% compared to the same period last year, while the year-to-date revenue reached ¥230,102,131.05, an increase of 113.00%[5] - The net profit attributable to shareholders was -¥46,840,111.72, down 32.51% year-on-year, and the year-to-date net profit was -¥105,658,299.60, reflecting a decrease of 6.20%[5] - The diluted earnings per share for the third quarter was -¥0.2377, a decline of 32.50% compared to the same period last year, with a year-to-date figure of -¥0.5362, which is a decrease of 6.19%[5] - The net loss for the quarter was ¥109,664,896.55, compared to a net loss of ¥118,513,479.45 in the same period last year, showing an improvement of approximately 7.1%[24] - The total comprehensive income for the period was -109,664,896.55 CNY, compared to -118,513,479.45 CNY in the previous period, indicating an improvement[25] - Basic and diluted earnings per share were both -0.5362 CNY, slightly better than -0.5716 CNY in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,033,825,139.69, representing a decrease of 17.95% from the end of the previous year[5] - The total assets decreased to ¥1,033,825,139.69 from ¥1,259,920,352.29, a decline of approximately 18%[21] - Total liabilities decreased to ¥585,486,619.29 from ¥703,728,097.72, representing a reduction of about 16.8%[21] - The equity attributable to shareholders of the parent company decreased to ¥439,870,379.73 from ¥544,697,516.95, a decline of approximately 19.2%[21] Cash Flow - Cash flow from operating activities for the year-to-date was -¥351,743,024.44, a decrease of 40.27% compared to the same period last year[5] - Cash inflows from operating activities totaled 353,764,890.05 CNY, a slight increase from 349,481,655.56 CNY in the previous period[28] - Cash outflows from operating activities amounted to 705,507,914.49 CNY, compared to 600,243,383.44 CNY in the previous period, leading to a net cash flow from operating activities of -351,743,024.44 CNY[28] - The net cash flow from investing activities was -18,723,298.43 CNY, worsening from -14,827,904.10 CNY in the previous period[28] - The net cash flow from financing activities improved to 15,797,711.10 CNY from 233,455.69 CNY in the previous period[28] - The ending cash and cash equivalents balance was 112,237,751.22 CNY, down from 257,264,930.21 CNY in the previous period[28] - Cash and cash equivalents decreased from 469,201,862.99 CNY to 170,659,312.51 CNY during the reporting period[19] Inventory and Borrowings - The company's inventory increased by 49.76% year-on-year, reaching ¥352,753,792.16, indicating a significant rise in stock reserves[10] - The company's short-term borrowings increased by 30.42% to ¥78,043,918.05, primarily due to an increase in bank loans[10] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 26,744[15] - The largest shareholder, Jinan Energy Environmental Protection Technology Co., Ltd., holds 11.40% of shares, totaling 22,455,912 shares[15] - The second-largest shareholder, Shandong Shensi Technology Investment Co., Ltd., holds 10.22% of shares, totaling 20,129,643 shares[15] - The company maintains a strong relationship with its major shareholders, particularly Jinan Energy Group Co., Ltd., which controls several significant shareholders[15] Operational Costs and Expenses - Total operating costs amounted to ¥334,602,213.34, up from ¥228,383,714.94, indicating an increase of about 46.5%[23] - Research and development expenses were ¥58,100,660.70, slightly higher than ¥55,934,039.79 from the previous year, reflecting a year-over-year increase of about 3.9%[24] - The company's financial expenses rose by 49.36% to ¥1,597,568.38, primarily due to increased interest expenses[11] - The company experienced a 111.17% increase in asset impairment losses, amounting to -¥3,698,690.81, mainly due to increased impairment provisions for contract assets[11] Accounts Receivable and Payable - Accounts receivable increased from 193,556,316.66 CNY to 212,615,592.66 CNY, reflecting a growth of approximately 9.8%[19] - The company reported a significant increase in accounts payable, which stood at ¥338,583,066.47, down from ¥390,426,404.15, indicating a decrease of about 13.3%[21] Other Information - The company has no preferred shareholders or changes in restricted shares during the reporting period[16] - There are no changes in the top 10 shareholders due to securities lending or borrowing activities[16] - The total number of restricted shares at the end of the period remains at 112,500 shares, with no shares released during the reporting period[17] - The company has not provided specific guidance for future performance or new product developments in the current report[24] - The company reported a decrease in cash received from sales of goods and services, totaling 194,346,628.08 CNY, down from 278,923,709.50 CNY in the previous period[27] - The company’s total liabilities and equity were not disclosed in the provided documents, indicating a need for further financial analysis[29]