Financial Performance - The company's operating revenue for Q3 2025 reached ¥338,842,765.61, representing a 48.13% increase compared to the same period last year[4] - The net profit attributable to shareholders was -¥26,498,289.70, a decrease of 19.02% year-on-year[4] - The net cash flow from operating activities was -¥130,743,046.45, reflecting a 35.20% decline compared to the previous year[4] - The company's basic earnings per share were -¥0.0289, a decrease of 19.05% year-on-year[4] - Total operating revenue for the current period reached ¥615,102,572.42, an increase of 42.3% compared to ¥432,186,092.19 in the previous period[17] - Net loss for the current period was ¥25,857,040.88, a reduction from a net loss of ¥49,840,154.71 in the previous period, indicating an improvement of 48.2%[18] - The company reported a comprehensive loss of ¥25,857,040.88, compared to a comprehensive loss of ¥49,910,154.71 in the prior period, reflecting a significant decrease of 48.2%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,087,255,195.95, down 4.37% from the end of the previous year[4] - The total current assets decreased from 780,419,399.95 RMB to 720,367,687.38 RMB, a reduction of approximately 7.5%[13] - The company's total liabilities amounted to $553.29 billion, with short-term borrowings at $302.41 billion[15] - The company’s long-term debt stands at $300 billion, indicating a stable capital structure[15] - The company's total equity attributable to shareholders decreased to ¥442,829,262.01 from ¥469,039,786.11, a decline of 5.6%[16] Cash Flow - The company reported cash inflows from operating activities totaling 70,143,184.74, with a net cash flow from operating activities of -13,074,304.46[21] - The net cash flow from financing activities was 14,008,736.89, indicating significant cash outflows related to financing[21] - The net cash flow from investing activities was -$2,678,217.80, reflecting a strategic focus on growth investments[22] - The total cash and cash equivalents at the end of the period was $31,016,425.73, compared to $15,217,898.19 at the end of the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,399[10] - The largest shareholder, Keyuan Holdings Group, holds 11.00% of shares, totaling 100,795,771 shares, all of which are pledged[10] - The company has not disclosed any changes in the shareholding structure due to securities lending or borrowing activities among the top shareholders[10] Research and Development - Research and development expenses increased by 37.34% to ¥26,532,431.16, driven by increased investment in R&D projects[8] - Research and development expenses increased to ¥26,532,431.16, up 37.5% from ¥19,319,278.87 in the previous period, highlighting a focus on innovation[17] Investments and Acquisitions - The company plans to acquire 100% of Ningbo Guopei Petrochemical Co., Ltd. for 225 million RMB, which has been approved by the board and shareholders[11] - The company has completed a property exchange involving 35,000 square meters of real estate for 36,555.61 square meters, with the other party having delivered all properties[12] - The company recorded an investment income of ¥419,742.69, a 113.96% increase compared to the previous year, due to profits from futures trading[8] Operational Efficiency - The company experienced a 46.52% reduction in other operating expenses, amounting to ¥128,018.69, due to decreased fixed asset disposal losses[8] - The company reported a significant increase in inventory, which rose by 319.84% to ¥106,465,766.87, attributed to the peak sales season and increased raw material purchases[7] Financial Position - The company’s total equity is $533.96 billion, reflecting a strong financial position[15] - The company reported total assets of $1,087.25 billion, with a significant increase in fixed assets to $874.06 billion[15] - The intangible assets reached $109.70 billion, indicating a focus on data resources development[15] Compliance and Standards - The company did not undergo an audit for the third quarter financial report[23] - The company plans to implement new accounting standards starting in 2025[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥5,517,422,603.20, a decrease of 12.29% compared to the same period last year[5] - Net profit attributable to shareholders was ¥35,250,941.43, an increase of 9.52% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥24,857,066.64, down 14.39% from the previous year[5] - Total operating revenue for the current period reached ¥14,792,809,110.49, an increase of 6.85% compared to ¥13,844,988,394.76 in the previous period[19] - Total operating costs amounted to ¥14,720,314,354.45, up from ¥13,782,465,010.85, reflecting a year-over-year increase of 6.80%[19] - Net profit for the current period was ¥96,035,146.60, representing a 20.58% increase from ¥79,529,138.93 in the previous period[20] - The company reported a comprehensive income total of ¥97,290,292.80, compared to ¥79,487,986.24 in the previous period, indicating a significant growth[21] - Basic and diluted earnings per share for the current period were both ¥0.0551, compared to ¥0.0523 in the previous period, showing an increase of 5.34%[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,090,056,412.25, reflecting a growth of 5.54% compared to the end of the previous year[5] - The company's total current assets increased to ¥8,434,996,620.07 from ¥7,920,468,461.52, reflecting a growth of approximately 6.5%[15] - Total assets reached ¥11,090,056,412.25, up from ¥10,508,292,236.36, indicating an increase of about 5.5%[16] - The total liabilities increased to ¥6,038,169,635.52 from ¥5,527,679,607.37, marking a rise of 9.23%[17] - Total equity attributable to shareholders of the parent company was ¥4,997,075,051.47, slightly up from ¥4,931,066,225.12, reflecting a growth of 1.34%[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2,079,971,871.73, a decrease of 13.66% compared to the previous year[5] - Cash inflow from operating activities totaled ¥15,752,285,244.93, an increase from ¥15,269,481,973.55 in the previous period[22] - The net cash flow from operating activities was -2,079,971,871.73, compared to -1,830,039,945.72 in the previous period, indicating a decline in operational cash flow[23] - Cash inflow from investment activities totaled 638,303,601.95, down from 1,025,790,098.02 in the previous period, reflecting a decrease in investment returns[23] - The net cash flow from financing activities increased significantly to 1,238,579,089.66, compared to 331,632,514.60 in the previous period, showing improved financing conditions[23] - The total cash and cash equivalents at the end of the period were 821,193,027.42, a decrease from 1,655,511,481.48 at the beginning of the period[23] - The net increase in cash and cash equivalents was -834,318,454.06, compared to -1,364,789,097.33 in the previous period, showing an improvement in cash management[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 204,090[12] - Guangdong Guangxin Holdings Group holds 18.88% of shares, amounting to 329,151,735 shares, with 65,350,000 shares pledged[12] - The company reported a total of 1,125,800 shares held by Yang Xiaoying in a general account, contributing to the total of 4,238,312 shares[13] - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[14] - The company has no significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[13] Expenses and Investments - Research and development expenses were reported at ¥188,215,382.87, consistent with the previous period's ¥188,355,712.29, indicating stable investment in innovation[20] - Financial expenses decreased by 47.55% to ¥25,388,265.15, attributed to changes in exchange rates[10] - The company’s financial expenses decreased significantly to ¥25,388,265.15 from ¥48,404,550.16, a reduction of 47.5%[20] - Investment income turned negative at -¥5,910,540.89, a decline of 180.91% year-on-year due to reduced equity method investment income[10] - Cash outflows related to investment activities amounted to 632,329,891.65, compared to 879,520,757.36 in the previous period, suggesting a decrease in capital expenditures[23] - The company paid 650,611,469.58 in employee-related cash outflows, slightly down from 656,764,744.40 in the previous period[23] - The cash paid for taxes was 118,553,761.57, a decrease from 187,069,461.96 in the previous period, indicating a reduction in tax liabilities[23]

Financial Performance - The company's operating revenue for the third quarter was ¥24,315,924.79, a decrease of 1.72% compared to the same period last year[5] - The net profit attributable to shareholders was -¥663,633.87, representing a decline of 126.67% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥965,830.23, down 141.18% from the previous year[5] - The basic and diluted earnings per share were both -¥0.0083, a decrease of 126.69% compared to the same period last year[5] - Total operating revenue for the current period reached ¥65,364,253.28, an increase of 4.9% compared to ¥62,333,685.60 in the previous period[20] - Net profit for the current period was ¥222,303.85, a significant decrease of 95.2% from ¥4,613,239.65 in the previous period[21] - The company’s total comprehensive income for the current period was ¥222,303.85, down from ¥4,613,239.65, a decrease of 95.2%[22] - Basic earnings per share decreased to ¥0.0095 from ¥0.0688, a decline of 86.2%[22] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥123,342,551.71 for the year-to-date, a decline of 173.41%[5] - The company reported a net cash inflow from operating activities of ¥154,508,406.67, compared to ¥82,209,499.17 in the previous period, indicating an increase of 88.0%[23] - The net cash flow from operating activities was -$123.34 million, compared to -$45.11 million in the previous period, indicating a significant decline in operational cash generation[24] - Total cash outflow from operating activities amounted to $277.85 million, up from $127.32 million, reflecting increased operational expenses[24] - The ending cash and cash equivalents balance decreased to $218.18 million from $289.91 million, showing a reduction in liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,001,182,797.97, an increase of 2.75% from the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to RMB 1,001,182,797.97, an increase from RMB 974,417,717.99 at the beginning of the period[16] - The company's cash and cash equivalents decreased from RMB 356,600,531.94 at the beginning of the period to RMB 218,461,212.63 by the end of September 2025[16] - Accounts receivable increased from RMB 257,209,408.94 to RMB 283,401,532.39 during the same period[16] - Inventory rose significantly from RMB 158,505,484.92 to RMB 211,122,126.34[17] - Short-term borrowings increased from RMB 17,112,371.25 to RMB 57,946,874.99[17] - The company's total liabilities included accounts payable decreasing from RMB 63,617,349.23 to RMB 42,160,712.56[17] - The total liabilities increased to ¥200,021,527.16 from ¥176,006,751.03, reflecting a growth of 13.6%[18] - The company reported a total of RMB 199,947,175.01 in non-current assets, up from RMB 138,200,899.27 at the beginning of the period[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,088[10] - The largest shareholder, Wei Qiang, holds 42.43% of the shares, totaling 33,945,600 shares[10] - The controlling shareholder transferred 4,000,000 unrestricted circulating shares, representing 5% of the company's total share capital, to Shenzhen Century Zhiyuan Private Securities Fund Management Co., Ltd.[14] Operational Activities - The company has seen an increase in prepayments due to project procurement needs, indicating ongoing operational activities[8] - The company signed a purchase contract with Client B in April 2025, with a total amount of RMB 93.5 million (including tax)[12] - The company's subsidiary was awarded the "Chengdu Pilot Platform" qualification in the industrial drone field by the Chengdu Science and Technology Bureau in April 2025[13] Expenses and Investments - Research and development expenses rose to ¥15,661,375.92, up from ¥13,893,125.25, marking an increase of 12.7%[21] - Cash paid to employees was $56.06 million, down from $63.61 million, suggesting a potential reduction in workforce costs[24] - Cash received from minority shareholders' investments was $2.53 million, a decrease from $12 million, indicating reduced interest from minority investors[24] - Cash paid for debt repayment was $128.17 million, significantly higher than $15.25 million, reflecting increased debt servicing obligations[24] - The net cash flow from investing activities was -$83.28 million, compared to -$60.15 million, indicating higher investment expenditures[24] Accounting and Auditing - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[25] - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[25]

Financial Performance - Q3 2025 revenue was CNY 151.61 million, a decrease of 1.74% year-on-year, while year-to-date revenue increased by 23.98% to CNY 389.69 million[5]. - Net profit attributable to shareholders was a loss of CNY 27.31 million for Q3 2025, down 47.40% year-on-year, with a year-to-date loss of CNY 65.97 million, a slight increase of 0.41%[5]. - The basic and diluted earnings per share for Q3 2025 were both CNY -0.1343, reflecting a decrease of 37.32% compared to the same period last year[5]. - The company reported total operating revenue of RMB 389,694,123.30 for the current period, an increase from RMB 314,326,388.14 in the previous period, reflecting a growth of approximately 24%[25]. - Net profit for the period was ¥-65,652,521.25, slightly improved from ¥-66,193,747.67 in the previous period, indicating a reduction in losses[27]. - Total comprehensive income for the period was ¥-65,652,521.25, compared to ¥-66,193,747.67 in the previous period, showing a marginal improvement[27]. - Basic and diluted earnings per share improved to ¥-0.3384 from ¥-0.3496, indicating a slight reduction in loss per share[27]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1.74 billion, down 4.54% from the end of the previous year[5]. - The company's total assets decreased to RMB 1,738,860,989.06 from RMB 1,821,585,810.39, a decline of approximately 4.5%[24]. - The company's total liabilities decreased to RMB 1,174,818,777.06 from RMB 1,390,632,674.90, representing a reduction of about 15.5%[24]. - Shareholders' equity increased by 30.62% year-on-year to CNY 552.30 million[5]. - The company's equity attributable to shareholders increased to RMB 552,299,907.83 from RMB 422,825,536.06, marking an increase of approximately 30.6%[24]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13.71 million year-to-date, an improvement of 54.46% compared to the previous year[5]. - Operating cash flow net amount was ¥-13,714,233.00, an improvement from ¥-30,115,940.47 year-over-year[28]. - Cash and cash equivalents at the end of the period increased to ¥85,274,868.74 from ¥35,057,396.17, showing a significant rise of approximately 143.5%[29]. - Financing activities produced a net cash inflow of ¥54,188,742.31, a substantial increase from ¥1,465,853.17 year-over-year[29]. - Investment activities generated a net cash outflow of ¥-27,507,369.16, compared to ¥-32,575,803.54 in the previous period, indicating a reduction in cash outflow[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,373[11]. - The largest shareholder, Zhang Weiguo, holds 18.71% of the shares, amounting to 40,966,913 shares[11]. - The total number of restricted shares at the beginning of the period was 1,021,031, with 240,000 shares released during the period, resulting in 874,781 restricted shares at the end[14]. - The company has not identified any related party relationships among the top 10 shareholders[11]. Investments and Financing - The company reported a significant increase in receivables financing, up 77.15% to CNY 70.18 million, attributed to an increase in receivables financing notes received[9]. - Investment income for the year-to-date period increased by 211.20% to CNY 2.87 million, primarily due to gains from the transfer of equity interests in joint ventures[10]. - The company reported a 100% reduction in trading financial assets, with no new investments made during the period[9]. - The company plans to redeem all "Feilu Convertible Bonds" on August 11, 2025, with a total redemption amount of 1,013,644.55 yuan[15]. - The company has 10,081 "Feilu Convertible Bonds" remaining to be redeemed at a price of 100.55 yuan per bond[15]. - Xiangguang Intelligent has agreed to provide an unsecured loan of at least 50 million yuan to the company[18]. - The company will issue between 32 million and 40 million shares at a price of 8.08 yuan per share, raising up to 32.32 million yuan for working capital[18]. - A change in control occurred with the transfer of 11 million shares from Zhang Weiguo to Xiangguang Intelligent Technology Co., Ltd.[16]. - The voting rights of 29,966,913 shares have been irrevocably entrusted to Xiangguang Intelligent[16]. Operational Metrics - The company experienced a 42.47% decrease in taxes and surcharges, totaling CNY 1.80 million, due to the absence of pre-paid VAT from the previous year[10]. - The company completed the repurchase and cancellation of 1,174,500 shares of restricted stock due to unmet performance conditions and employee departures[19]. - As of July 28, 2025, the company received a total of RMB 50,391,600 from 51 incentive participants for stock options under the 2023 stock option incentive plan[20]. - The company's cash and cash equivalents increased to RMB 110,466,208.74 from RMB 105,256,769.22, showing a growth of about 2%[22]. - The company reported a decrease in accounts receivable to RMB 462,077,393.44 from RMB 503,308,330.90, a decline of about 8.2%[23]. - The company’s inventory decreased to RMB 175,749,745.14 from RMB 193,482,452.14, reflecting a decline of approximately 9.2%[23]. - Total operating costs increased to ¥460,776,165.40 from ¥383,876,190.47, representing a growth of approximately 20.1% year-over-year[26]. - Research and development expenses rose to ¥18,554,255.43 from ¥17,843,457.64, reflecting a year-over-year increase of approximately 4%[26]. - Sales revenue from goods and services received cash of ¥294,686,596.60, up from ¥269,341,433.08, marking an increase of about 9.5%[28].

Financial Performance - The company's revenue for Q3 2025 reached ¥499,325,806.76, representing a 30.36% increase year-over-year[6] - Net profit attributable to shareholders was ¥40,892,532.15, up 23.54% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥28,536,287.99, reflecting a 41.85% increase year-over-year[6] - The company achieved a revenue of 1.419 billion RMB in the first three quarters of 2025, representing a year-on-year growth of 25.81%[17] - Revenue from drug development and commercialization services was 1.179 billion RMB, reflecting a year-on-year increase of 34.91%[17] - Total operating revenue for the current period reached ¥1,419,054,885.82, an increase of 25.7% compared to ¥1,127,892,555.29 in the previous period[24] - The net profit for the current period is CNY 113,390,631.27, a decrease of 13.9% compared to CNY 131,790,818.60 in the previous period[25] - The total profit for the current period is CNY 128,234,163.84, down from CNY 147,998,927.07 in the previous period[25] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥7,794,641,752.32, a 57.94% increase from the end of the previous year[6] - The company's equity attributable to shareholders increased by 139.29% to ¥7,149,000,685.97 compared to the end of the previous year[6] - Total liabilities decreased to ¥645,641,066.35 from ¥1,947,719,670.04, a decline of 66.9%[22] - Non-current assets increased to ¥5,131,662,934.01 from ¥2,218,334,497.16, reflecting a growth of 131.5%[21] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥543,482,604.71, a significant increase of 187.74%[6] - The net cash flow from operating activities was 543 million RMB, a significant increase of 187.74% compared to the same period last year[18] - The cash flow from investing activities shows a net outflow of CNY 307,707,118.32, compared to a smaller outflow of CNY 5,986,725.75 in the previous period[28] - The cash flow from financing activities resulted in a net outflow of CNY 247,171,819.29, an improvement from a net outflow of CNY 377,079,879.92 in the previous period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 46,457[12] - The largest shareholder, Yang Minmin, holds 17.71% of the shares, amounting to 41,403,319 shares, with 12 million shares pledged[12] Cost Management - The company reported a 44.13% increase in operating costs, totaling ¥979,876,477.06 for the year-to-date[10] - Total operating costs amounted to ¥1,281,579,226.63, up 26.6% from ¥1,011,642,933.42 in the prior period[24] - The company reported a net profit margin improvement, with operating costs growing at a slower rate than revenue[24] - The company plans to maintain dynamic balance between cost control and strategic development to support long-term sustainable growth[17] Market and Business Development - New orders for CDMO services increased by 15% year-on-year, with new business orders for peptides and ADCs growing by over 100%[18] - The company is focusing on expanding its market presence and enhancing product development strategies moving forward[24] - The company is prioritizing resource allocation towards technology services and CMC business to strengthen long-term partnerships with core clients[17] Other Financial Metrics - The basic earnings per share for Q3 2025 was ¥0.2032, up 22.12% year-over-year[6] - Basic earnings per share decreased to 0.5635 from 0.6626 in the previous period[26] - The company experienced a foreign exchange impact of CNY 1,465,968.39 on cash and cash equivalents[28] - The company reported a significant increase in other income to CNY 16,262,839.51 from CNY 7,184,657.22 in the previous period[25] - The total comprehensive income for the current period is CNY 3,058,673,130.81, significantly higher than CNY 130,726,069.30 in the previous period[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥382,207,388.95, representing an increase of 18.99% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 92.48% to ¥2,031,062.89, while the net profit after deducting non-recurring gains and losses was -¥882,668.10, a decline of 103.77%[4]. - The total profit decreased by 41.75%, mainly due to a decline in gross profit margin[10]. - Net profit for the current period was ¥46,320,886.81, a decrease of 40.0% from ¥77,088,098.90 in the previous period[26]. - The company's equity attributable to shareholders increased to ¥1,218,483,706.19, up from ¥1,180,022,518.09, representing a growth of 3.2%[23]. - The company reported a comprehensive income total of ¥45,859,155.34, compared to ¥76,916,755.91 in the prior period, indicating a decline of 40.5%[27]. Cash Flow - The cash flow from operating activities showed a significant decline of 67.36%, totaling ¥101,600,448.14 year-to-date[9]. - Cash inflow from investment activities totaled CNY 1,660,735,552.70, significantly higher than CNY 509,739,959.86 in the previous period, representing an increase of approximately 226.36%[29]. - Cash inflow from financing activities was CNY 76,766,525.00, compared to CNY 5,517,060.47 in the previous period, marking an increase of approximately 1,290.73%[29]. - The ending balance of cash and cash equivalents decreased to CNY 215,304,064.50 from CNY 351,260,475.08 in the previous period, a decline of approximately 38.73%[29]. - Net cash outflow from operating activities was CNY 101,600,448.14, down from CNY 311,303,304.57 in the previous period, indicating a decrease of about 67.32%[29]. Assets and Liabilities - Total assets increased by 10.84% to ¥2,193,879,232.25 compared to the end of the previous year[4]. - Total liabilities rose to ¥974,924,560.33, an increase of 22.0% from ¥798,752,446.18 in the previous year[23]. - The company's inventory rose by 33.87%, attributed to an increase in raw material stockpiling[10]. - Trading financial assets increased significantly to ¥180,000,000.00 from ¥15,010,250.00[21]. - Accounts receivable slightly decreased to ¥508,773,136.33 from ¥517,232,890.27[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,688[12]. - Wu Xinli holds 41.08% of the company's shares, totaling 93,875,013 shares[12]. - The company repurchased 3,207,200 shares, accounting for 1.40% of the current total share capital[13]. - The number of shares held by the top ten shareholders does not include shares lent through margin trading[12]. - The company has no known relationships or concerted actions among other shareholders[13]. Expenses and Investments - Research and development expenses for the current period were ¥57,563,258.87, slightly down from ¥58,439,804.28 in the previous period[26]. - Cash paid to employees rose to CNY 166,474,257.03 from CNY 117,181,548.09, an increase of approximately 42.09%[29]. - The company experienced a substantial increase in tax payments, which rose to CNY 59,542,666.39 from CNY 9,459,935.54, indicating an increase of approximately 530.73%[29]. Future Plans - The company plans to implement an employee stock ownership plan in 2024[18]. - The company announced changes to its registered capital and business scope on August 22, 2025[19].

Financial Performance - The company's operating revenue for the third quarter was ¥194,297,838.99, a decrease of 61.26% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥412,234,367.52, representing a decline of 72.51% year-on-year[5]. - The basic earnings per share were -¥0.2377, down 72.50% from the previous year[5]. - Total revenue for the third quarter was CNY 1,013,850,330.86, a decrease of 45.4% compared to CNY 1,857,226,754.64 in the same period last year[18]. - The company's net profit for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, indicating a significant increase in losses[20]. - Operating profit for the current period is -1,397,450,617.94 CNY, compared to -264,811,956.33 CNY in the previous period, reflecting a worsening operational performance[20]. - Total comprehensive income for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, showing a substantial decline[20]. - Basic and diluted earnings per share for the current period are both -0.7554 CNY, compared to -0.1353 CNY in the previous period, indicating a deterioration in earnings[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,722,509,778.30, a decrease of 6.34% from the end of the previous year[5]. - Total assets decreased to CNY 19,722,509,778.30 from CNY 21,058,044,676.67, indicating a decline of 6.4%[16]. - Total liabilities increased slightly to CNY 21,707,013,147.90 from CNY 21,634,353,141.28, a marginal increase of 0.3%[16]. - The company's equity attributable to shareholders decreased to CNY -3,063,208,162.86 from CNY -1,753,148,880.36, indicating a worsening of 74.8%[16]. - Non-current liabilities decreased to CNY 3,611,065,786.71 from CNY 4,195,983,706.78, a decrease of 13.9%[16]. Cash Flow - Cash flow from operating activities increased by 119.06% year-on-year, amounting to ¥202,767,622.57[5][8]. - Cash flow from operating activities generated a net inflow of 202,767,622.57 CNY, a recovery from a net outflow of -1,063,577,859.93 CNY in the previous period[22]. - Cash flow from investing activities generated a net inflow of 119,537,907.75 CNY, compared to a net outflow of -151,168,197.99 CNY in the previous period, showing improved investment cash flow[22]. - Cash flow from financing activities resulted in a net outflow of -408,210,095.82 CNY, compared to -34,691,476.82 CNY in the previous period, indicating increased financing costs[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,284[11]. - The largest shareholder, China Power Construction Real Estate Group Co., Ltd., held 22.43% of the shares[11]. Operational Metrics - The company reported a 45.41% decline in operating income due to a significant reduction in the number and scale of projects recognized for revenue[7]. - The company experienced a 1452.17% increase in taxes and surcharges, attributed to additional land value tax assessments[8]. - The company’s financial expenses rose by 32.32% year-on-year due to changes in the external financing environment[8]. - Total operating costs amounted to CNY 2,133,217,121.27, down 18.8% from CNY 2,626,013,283.63 year-over-year[18]. - Sales revenue from goods and services received cash of 1,473,468,584.43 CNY, down from 1,701,533,511.80 CNY in the previous period[21]. - Cash outflow for purchasing goods and services was 947,877,379.08 CNY, compared to 1,330,072,901.27 CNY in the previous period, indicating reduced expenditure[22]. Inventory and Receivables - Cash and cash equivalents at the end of the period were CNY 472,832,814.43, down from CNY 587,594,612.39 at the beginning of the period, representing a decrease of 19.5%[14]. - Accounts receivable decreased to CNY 210,641,409.21 from CNY 324,732,794.67, reflecting a decline of 35.1%[14]. - Inventory decreased to CNY 9,173,189,631.53 from CNY 9,687,404,787.79, a reduction of 5.3%[15]. Audit Status - The company has not undergone an audit for the third quarter financial report[24].

Financial Performance - Q3 2025 revenue was CNY 116,617,256.62, a decrease of 3.57% year-over-year, and a decline of 13.31% compared to the beginning of the year[5] - Net profit attributable to shareholders was CNY -8,627,087.52, a decrease of 227.69% year-over-year, and CNY -45,339,431.49 for the year-to-date, down 24.72%[5] - Basic and diluted earnings per share were both CNY -0.0271, reflecting a decrease of 227.83% year-over-year[5] - Total operating revenue for the current period was CNY 348,810,958.38, a decrease of 13.3% compared to CNY 402,356,773.40 in the previous period[32] - The net profit for the current period is -45,769,255.29, compared to -37,080,882.01 in the previous period, indicating a decline of approximately 23.0%[34] - Operating profit for the current period is -46,970,214.23, compared to -38,694,754.71 in the previous period, reflecting a decrease of about 21.5%[34] - The total comprehensive income attributable to the parent company is -45,339,431.49, compared to -36,351,799.82 in the previous period, indicating a decline of approximately 24.5%[34] - Basic and diluted earnings per share for the current period are both -0.1426, compared to -0.1143 in the previous period, reflecting a decrease of approximately 24.8%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,649,005,409.57, down 3.18% from the end of the previous year[5] - Total liabilities decreased to CNY 679,171,970.60 from CNY 721,802,602.07, a reduction of 5.9%[30] - Total assets decreased to CNY 2,649,005,409.57 from CNY 2,736,124,198.16, a decline of 3.2%[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 2,799,122.50, down 33.89%[5] - Cash flow from operating activities netted 2,799,122.50, down from 4,233,892.91, a decrease of approximately 33.9%[37] - Cash flow from investing activities resulted in a net outflow of -10,877,335.28, compared to a net inflow of 1,965,694.10 in the previous period[37] - Cash flow from financing activities generated a net inflow of 19,883,974.42, down from 76,238,872.43, a decline of about 73.9%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,340[23] - The largest shareholder, Liu Qun, holds 32.89% of the shares, with 35,000,000 shares pledged[23] Operating Costs and Expenses - Total operating costs amounted to CNY 415,765,238.26, down 10.0% from CNY 461,244,061.80 in the previous period[32] - Operating costs included CNY 180,545,140.47 in operating expenses, which decreased by 18.5% from CNY 221,601,767.96 in the previous period[32] - Research and development expenses decreased to 16,846,921.30 from 21,052,862.64, a reduction of about 20.0%[34] Other Income and Investments - Other income increased by 79.01% year-over-year, primarily due to a significant increase in VAT refunds[17] - Investment income decreased by 91.82% year-over-year, as there were no gains from the previous year's equity transfer settlement[17] Inventory and Receivables - Accounts receivable decreased to CNY 105,844,818.86 from CNY 120,099,455.35, a decline of 11.8%[28] - Inventory increased to CNY 110,440,316.57 from CNY 106,799,072.77, showing a growth of 3.1%[29] Prepayments and Borrowings - The company reported a 156.16% increase in prepayments compared to the beginning of the year, mainly due to increased advance payments for purchases[11] - Short-term borrowings rose to CNY 103,123,872.22 from CNY 80,080,055.56, an increase of 28.8%[30] Regulatory Issues - The company received an administrative penalty notice from the China Securities Regulatory Commission, indicating potential financial discrepancies in the annual report[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥270,005,287.70, representing a year-on-year increase of 9.35% and a cumulative increase of 10.63% year-to-date[5]. - The net profit attributable to shareholders was -¥15,820,115.22, a decline of 81.96% compared to the same period last year, with a year-to-date decline of 51.07%[5]. - The basic and diluted earnings per share were both -¥0.0742, reflecting an 81.96% decrease year-on-year and a 51.08% decrease year-to-date[5]. - Total operating revenue for the current period reached ¥691,137,318.73, an increase from ¥624,713,433.78 in the previous period, representing an increase of approximately 10.6%[30]. - Net profit for the current period was -¥112,139,003.47, compared to -¥233,626,059.63 in the previous period, showing a decrease in losses of approximately 52%[31]. - The company reported a basic and diluted earnings per share of -0.5449, an improvement from -1.1138 in the previous period[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,773,693,289.92, down 5.38% from the end of the previous year[5]. - The company's total liabilities decreased by 5.38% compared to the previous year, indicating a reduction in financial leverage[5]. - The total assets of the company as of September 30, 2025, amount to RMB 2.77 billion, a decrease from RMB 2.93 billion at the beginning of the period[26]. - The company's equity attributable to shareholders decreased from RMB 1.91 billion to RMB 1.80 billion, a reduction of about 5.8%[28]. - The total liabilities of the company decreased from RMB 1.01 billion to RMB 958.76 million, a decline of approximately 5.2%[28]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥119,494,957.74, a 46.68% increase in outflow year-to-date[5]. - Cash flow from operating activities showed a net outflow of -¥119,494,957.74, an improvement from -¥224,105,339.59 in the previous period[34]. - Cash inflow from investment activities was ¥440,820,042.43, compared to ¥339,381,983.13 in the previous period, reflecting an increase of about 29.9%[34]. - Cash flow from financing activities generated a net inflow of ¥76,507,477.59, compared to ¥108,989,615.70 in the previous period, indicating a decrease in inflow[34]. - The total cash and cash equivalents at the end of the period stood at ¥299,915,416.10, up from ¥154,432,624.10 in the previous period[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,343[15]. - The largest shareholder, Zhai Jun, holds 41.02% of the shares, totaling 87,437,136 shares, with 33,930,000 shares pledged[15]. - The second-largest shareholder, Cui Xuejun, holds 5.01% of the shares, totaling 10,677,114 shares[15]. - The top ten shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 47% of the total shares[15]. - The controlling shareholder has pledged 33,930,000 shares, accounting for 15.92% of the total share capital[24]. Strategic Initiatives - The company is focused on strategic investments to enhance its market position and expand its business operations[20]. - The company established a wholly-owned subsidiary, Guangzhou Wanjie Digital Technology Co., Ltd., with a registered capital of 10 million RMB to expand its integrated vehicle-road-cloud business[20]. - The company plans to establish a joint venture, Shanghai Yun Yue Wu Jie Technology Co., with a registered capital of RMB 10 million, where the company will contribute RMB 3 million, representing 30% of the capital[22]. - A strategic acquisition of a local tech firm was completed, expected to enhance product offerings and customer reach[37]. - The company plans to expand into Southeast Asian markets, targeting a 5% market share by 2026[37]. Operational Metrics - User base grew to 5 million active users, a 20% increase compared to the previous quarter[37]. - Gross margin improved to 45%, up from 40% in the previous quarter[37]. - Customer retention rate improved to 85%, reflecting enhanced user satisfaction and engagement[37]. - The company aims to reduce operational costs by 10% through efficiency improvements in the next fiscal year[37]. - Investment in R&D increased by 25% year-over-year, focusing on AI and cloud technologies[37]. Other Financial Metrics - The company reported a 52.10% increase in investment income, amounting to ¥17,306,470.43, due to increased equity investments and dividends from invested enterprises[11]. - The company received government subsidies amounting to ¥1,672,403.15 during the reporting period, contributing positively to its financial performance[6]. - The company has not reported any changes in the number of preferred shareholders or their holdings[17]. - The company has not disclosed any related party transactions among the top shareholders[16]. - The company has revised its articles of association to enhance governance, with the supervisory board's powers now exercised by the audit committee[23].

Financial Performance - Q3 2025 revenue was CNY 320,190,827.28, a decrease of 59.53% year-over-year[4] - Net profit attributable to shareholders was CNY -241,291,855.11, a decline of 7.97% compared to the same period last year[4] - Total operating revenue decreased to CNY 1,944,898,066.86 from CNY 2,372,152,276.59, representing a decline of approximately 18.0% year-over-year[25] - Net profit for the period was CNY -518,152,629.85, compared to CNY -589,103,231.98 in the previous period, showing an improvement of approximately 12.0%[26] - The company reported an operating loss of CNY -538,089,233.59, slightly better than the previous period's loss of CNY -590,249,469.99[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -36,954,297.82, a decrease of 110.77% year-over-year[4] - Operating cash flow for the current period is -36,954,297.82 CNY, a decrease from 343,160,254.01 CNY in the previous period, indicating a significant decline in operational performance[28] - Cash inflow from operating activities totaled 2,511,983,798.56 CNY, slightly down from 2,546,800,608.97 CNY in the previous period[28] - Cash outflow from operating activities increased to 2,548,938,096.38 CNY from 2,203,640,354.96 CNY, indicating higher operational costs[28] - Net cash flow from investment activities was -74,528,827.82 CNY, an improvement from -97,189,810.56 CNY in the previous period, indicating better investment efficiency[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,442,029,851.62, an increase of 1.18% from the end of the previous year[5] - Total liabilities rose to CNY 17,124,225,159.20 from CNY 16,380,572,251.11, an increase of approximately 4.5%[23] - The company's equity attributable to shareholders decreased to CNY 1,140,031,168.23 from CNY 1,658,419,731.85, a decline of about 31.2%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 74,931[17] - The largest shareholder, Henan Yuzhi Guarantee Housing Management Co., Ltd., holds 29.82% of shares, totaling 540,587,433 shares[17] - The second largest shareholder, Nanjing Qixia Construction Co., Ltd., holds 9.74% of shares, totaling 176,523,702 shares[17] Investment and Income - Investment income increased by 175.05% compared to the same period last year, primarily due to reduced investment losses from previous consolidations[12] - Non-operating income rose by 993.72% year-over-year, mainly from the transfer of unpayable supplier accounts to non-operating income[12] - The company recorded investment income of CNY 32,425,688.17, a significant recovery from a loss of CNY -43,205,320.65 in the previous period[25] Share Repurchase - The company has extended the implementation period of its second share repurchase plan to November 4, 2025, with a total repurchase amount of 5,073,816.00 RMB[20] - The company has repurchased 2,181,400 shares, representing 0.12% of the total share capital, with a maximum transaction price of 2.37 RMB per share[20] Other Financial Metrics - The weighted average return on net assets was -19.11%, a decrease of 11.02% year-over-year[5] - Basic and diluted earnings per share were both CNY -0.29, compared to CNY -0.33 in the previous period[27] - Other comprehensive income after tax was CNY 1,329,090.63, compared to a loss of CNY -775,534.58 in the previous period[26]