Financial Performance - Q3 2025 revenue was CNY 91,755,888.57, a decrease of 20.20% year-over-year[5] - Net profit attributable to shareholders was CNY -12,940,457.14, a decline of 983.39% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.0494, reflecting a drop of 973.91% year-over-year[5] - Total operating revenue decreased to ¥213,389,337.27 from ¥228,153,276.65, representing a decline of approximately 6.7% year-over-year[16] - Net loss for the period was ¥31,924,798.22, compared to a net loss of ¥15,214,843.37 in the previous period, indicating a significant increase in losses[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -116,276,598.58, a significant decrease of 6,550.95% year-to-date[5] - Operating cash inflow for the current period was CNY 220,660,209.83, an increase from CNY 205,163,254.62 in the previous period, reflecting a growth of approximately 2.4%[18] - Net cash outflow from operating activities was CNY -116,276,598.58, a significant decline compared to a net inflow of CNY 1,802,471.74 in the previous period[18] - Cash outflow for purchasing goods and services was CNY 223,194,868.42, significantly higher than CNY 103,029,784.61 in the previous period[18] - Cash paid to employees increased to CNY 80,133,027.58 from CNY 69,674,999.39, reflecting a rise of approximately 15%[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 399,192,891.66, down 2.44% from the previous year[5] - The company's total assets decreased to ¥399,192,891.66 from ¥409,186,773.37, a decline of approximately 2.4%[14] - Current liabilities increased to ¥361,737,247.39 from ¥336,050,410.51, an increase of about 7.6%[14] - The total liabilities rose to ¥362,420,563.37 from ¥340,489,646.86, reflecting an increase of approximately 6%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,897[11] - Shareholders' equity attributable to shareholders decreased by 47.36% to CNY 35,425,333.83 compared to the end of the previous year[5] Operational Challenges - The decrease in net profit was primarily due to a 20.20% drop in revenue and a slight increase in fixed costs[9] - The company reported a significant increase in labor costs to improve human resource structure for future development[9] - The company’s cash flow from operating activities showed a significant negative shift, highlighting potential challenges in operational efficiency[18] Government Support - Government subsidies received during the period amounted to CNY 621,325.81, contributing to the overall financial performance[7] Investment Activities - Cash inflow from investment activities was CNY 60,766.00, down from CNY 718,400.00 in the previous period, indicating a decline of approximately 91.5%[18] - Cash outflow for investment activities was CNY 9,741,568.74, slightly higher than CNY 9,249,971.97 in the previous period[18] Inventory and Receivables - Accounts receivable decreased to ¥61,560,051.61 from ¥98,964,640.20, a decline of approximately 37.8%[13] - Inventory increased to ¥18,693,471.10 from ¥2,308,075.81, a substantial rise of about 711.5%[13]

Financial Performance - The company's operating revenue for the third quarter was ¥497,081,271.12, a decrease of 3.65% compared to the same period last year[4] - The total profit for the third quarter was -¥16,674,934.43, with a year-to-date profit of ¥11,059,706.30, reflecting a significant increase of 1,266.89% year-on-year[4] - The net profit attributable to shareholders for the third quarter was -¥2,437,249.27, while the year-to-date net profit was ¥24,640,374.94, an increase of 119.61% compared to the previous year[4] - The basic and diluted earnings per share for the third quarter were both -¥0.0008, while the year-to-date figures were ¥0.0078, showing a year-on-year increase of 136.36%[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,809,411,026.87, down from CNY 2,401,872,835.33 in the same period of 2024, representing a decrease of approximately 24.6%[26] - The net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 24,640,374.94, compared to CNY 11,220,044.44 in 2024, showing an increase of approximately 119.5%[25] - The company reported a total profit of CNY 11,059,706.30 for the first three quarters of 2025, a significant increase from CNY 809,116.89 in the previous year[24] - The total comprehensive income for the first three quarters of 2025 was CNY 41,197,411.17, down from CNY 228,751,560.29 in 2024, indicating a decrease of about 82.0%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,064,253,519.24, an increase of 0.78% from the end of the previous year[5] - The equity attributable to shareholders decreased to ¥5,799,508,176.13, down 3.71% from the previous year-end[5] - The company's total assets amounted to CNY 11,064,253,519.24, an increase from CNY 10,979,027,992.83 at the end of 2024[20] - Total liabilities as of September 30, 2025, were CNY 3,801,657,442.08, compared to CNY 3,464,282,597.71 at the end of 2024[21] - The company's equity attributable to shareholders was CNY 5,799,508,176.13, down from CNY 6,022,749,391.71 at the end of 2024[21] - Short-term borrowings increased to CNY 1,583,058,093.92 from CNY 1,304,042,585.63 year-over-year[21] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥156,396,673.89, reflecting a decrease of 135.05% compared to the same period last year[4] - Net cash flow from operating activities for the first three quarters of 2025 was -CNY 156,396,673.89, compared to CNY 446,258,897.73 in 2024, indicating a significant decline[26] - The cash and cash equivalents at the end of the period were CNY 4,009,475,304.33, up from CNY 3,458,763,556.53 in 2024, reflecting an increase of about 15.9%[27] - The company incurred a net cash outflow from investing activities of -CNY 23,674,555.79 in 2025, compared to a net inflow of CNY 613,984,380.89 in 2024[27] - The company’s total cash inflow from financing activities was CNY 1,584,881,111.98, compared to CNY 1,075,294,376.79 in 2024, marking an increase of approximately 47.3%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 118,959[11] - Guangxi Investment Group Co., Ltd. holds 859,343,587 shares, accounting for 26.89% of total shares[11] - The company plans to repurchase shares at a price not exceeding RMB 3.80 per share, with a total repurchase amount between RMB 300 million and RMB 500 million[13] - As of August 25, 2025, the company completed the repurchase of 118,117,197 shares, representing 3.5649% of the total share capital, with a total expenditure of RMB 301,021,106.92[14] Product Development and Market Position - The company’s subsidiary received a total of RMB 10,365,548.61 in compensation from the Zhaoqing High-tech Zone Land Reserve Center during the first three quarters of 2025[16] - The company’s subsidiary, Chongqing Laimei Pharmaceutical Co., Ltd., received approval for a supplementary application for an injectable drug, enhancing its market competitiveness[17] - Guangxi Zhongheng Innovation Pharmaceutical Research Co., Ltd. acquired a patent for a drug technology for treating chronic heart failure for RMB 55 million[17] - The company received drug registration certificates for two products, Nicorandil tablets (5mg) and Ketorolac tromethamine injection (1ml:30mg), enhancing its product line[18] - The company plans to expand its product offerings and enhance its market presence through new drug registrations and technology transfers[18] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[28]

Financial Performance - The company's operating revenue for the third quarter reached ¥2,026,903,912.14, representing a year-on-year increase of 120.55%[3] - The total profit for the third quarter was ¥811,342,079.47, showing a year-on-year growth of 103.93%[3] - The net profit attributable to shareholders for the third quarter was ¥635,504,516.56, an increase of 106.24% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥602,342,572.58, reflecting a decrease of 96.23% year-on-year[3] - The company reported a basic earnings per share of ¥0.11 for the third quarter, with a year-to-date figure of ¥0.31, reflecting a 121.43% increase[4] - Total operating revenue for the first three quarters of 2025 reached ¥6,038,106,644.30, a significant increase from ¥2,004,892,871.86 in the same period of 2024, representing a growth of approximately 201.5%[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥1,762,737,381.05, compared to ¥395,852,452.20 in 2024, marking an increase of about 345.5%[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.31, compared to ¥0.14 in 2024, reflecting an increase of approximately 121.4%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥189,324,970,981.32, which is a 94.76% increase compared to the end of the previous year[4] - The total liabilities of the company amounted to ¥136,797,889,132.39, up from ¥78,260,127,254.77 in the previous year, reflecting a growth of approximately 74.7%[18] - The total liabilities of the company as of September 30, 2025, were CNY 82,615,563,123.50, compared to CNY 77,047,868,352.91 at the end of 2024, representing an increase of approximately 7.0%[26] - The total assets of the company as of September 30, 2025, amounted to CNY 132,973,494,659.55, up from CNY 95,138,069,572.84 at the end of 2024, reflecting a growth of approximately 39.7%[25] Cash Flow - The company reported a net cash flow from financing activities of ¥1.55 billion, a significant turnaround from a negative cash flow of ¥1.21 billion in the previous year[11] - The company reported a net cash outflow from operating activities of ¥1,929,752,746.25 for the first three quarters of 2025, contrasting with a net inflow of ¥12,977,293,226.32 in the same period of 2024[22] - Investment activities generated a net cash inflow of ¥23,812,546,258.44 in the first three quarters of 2025, compared to ¥2,184,121,280.70 in 2024, indicating a substantial increase in investment returns[22] - The net cash flow from financing activities was CNY 1,554,458,012.22, a turnaround from a negative cash flow of CNY -1,208,618,564.39 in the previous year[24] - Cash inflow from financing activities totaled CNY 9.31 billion, an increase from CNY 7.45 billion in the previous year[31] Shareholder Information - Total number of common shareholders at the end of the reporting period was 91,934[13] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 1,355,626,560 shares, representing 23.86% of total shares[13] - The top 10 shareholders collectively hold 38.52% of the company’s shares[14] Investment and Income - The significant growth in performance is attributed to the company's proactive market engagement and the inclusion of Minsheng Securities Co., Ltd. in the financial statements[3] - Fee and commission income surged by 145.34% to ¥2.91 billion, driven by increased brokerage and investment banking revenues[10] - Investment income improved to ¥2.80 billion, a notable recovery from a loss of ¥1.13 billion in the prior year[10] - The company's investment income for the first three quarters of 2025 was CNY 1,698,027,531.26, a significant improvement from a loss of CNY -1,263,983,681.97 in the same period of 2024[27] Goodwill and Derivatives - The goodwill increased to ¥14.07 billion, reflecting a 1,131.59% rise due to newly consolidated subsidiaries[9] - Derivative financial assets decreased by 53.51% to ¥429.17 million, primarily due to changes in the scale and fair value of derivative financial instruments[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥130,324,861.51, representing a year-on-year increase of 34.92%[4] - The total profit for the period was ¥7,833,088.23, a significant increase of 120.02% compared to the same period last year[4] - The net profit attributable to shareholders was ¥8,240,850.60, reflecting a year-on-year growth of 122.33%[4] - The net cash flow from operating activities for the year-to-date period increased by 318.01% to ¥167,916,974.54[4] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥50,963,165.17 for the current period[4] - Total operating revenue for the first three quarters of 2025 was CNY 317,263,391.49, a decrease of 4.45% compared to CNY 331,748,661.02 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was a loss of CNY 19,083,975.72, an improvement from a loss of CNY 126,343,497.15 in the same period of 2024[24] - The total comprehensive income attributable to the parent company was -21,316,086.75 CNY, compared to -116,636,635.58 CNY in the previous year[26] - The company reported a basic earnings per share of -0.0105 CNY, an improvement from -0.0620 CNY in the previous year[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,141,912,237.10, an increase of 3.64% from the previous year[5] - The company's total assets increased to CNY 8,141,912,237.10 from CNY 7,855,783,088.36, representing a growth of 3.64%[20] - Total liabilities rose to CNY 2,606,118,301.13, up from CNY 2,406,161,351.56, indicating an increase of 8.32%[20] - The company's equity attributable to shareholders increased to CNY 5,246,752,724.22 from CNY 5,176,555,970.37, a rise of 1.35%[21] Cash Flow - As of September 30, 2025, the company's cash and cash equivalents amount to approximately 1.06 billion RMB, down from 1.21 billion RMB at the end of 2024[18] - The net cash flow from operating activities was 167,916,974.54 CNY, a significant improvement from -77,021,795.43 CNY in the same period last year[28] - Cash received from the sale of goods and services was 318,780,429.55 CNY, down from 352,427,763.48 CNY year-over-year[27] - The net cash flow from investing activities was -218,845,534.32 CNY, compared to -167,000,951.71 CNY in the previous year[28] - Cash and cash equivalents at the end of the period totaled 1,063,497,022.09 CNY, slightly down from 1,058,028,439.37 CNY year-over-year[28] - Total cash outflows from operating activities were 213,505,946.62 CNY, compared to 450,915,116.23 CNY in the same period last year[28] - The company received 468,697,813.05 CNY from investment recoveries, a significant increase from 8,558,056.85 CNY in the previous year[28] - The company paid 138,182,445.05 CNY in dividends and interest, up from 74,137,943.33 CNY year-over-year[28] Investments and Acquisitions - The company completed the acquisition of Beijing Shudu Information Technology Co., marking its entry into the advanced digital chip industry[10] - The company invested a total of 854.45 million RMB to acquire a 62.98% stake in Beijing Shudu Information Technology Co., making it a subsidiary[16] Real Estate Operations - The real estate business achieved a total contract sales area of 0.82 million square meters, generating contract sales revenue of ¥122.47 million from January to September 2025[10] - The company's investment property sales amounted to 0.48 million square meters, generating revenue of ¥38.67 million[10] - The total leasable area for Beijing Wantong Center is 35,349.11 square meters with a rental rate of 185-300 RMB/sqm and an occupancy rate of 82%, generating an operating income of 49.92 million RMB[12] - Shanghai Wantong Center has a total leasable area of 79,929.63 square meters, an occupancy rate of 60%, and an operating income of 46.01 million RMB, with rental rates between 150-175 RMB/sqm[12] - Tianjin Wantong Center's total leasable area is 93,789.99 square meters, with a 76% occupancy rate and operating income of 29.87 million RMB, rental rates range from 59-351 RMB/sqm[12] - Hangzhou Future Technology City has a total leasable area of 38,520.77 square meters, an occupancy rate of 59%, and operating income of 16.02 million RMB, with rental rates between 45-68 RMB/sqm[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 132,113[14] - The largest shareholder, Jia Hua Dong Fang Holdings, holds 364,389,141 shares, accounting for 19.28% of total shares, with 361,084,770 shares pledged[14] - Wantong Investment Holdings holds 278,249,789 shares, representing 14.72% of total shares, with 263,348,560 shares pledged[14] Research and Development - Research and development expenses significantly decreased to CNY 257,629.27 from CNY 6,508,392.64, a reduction of 96.04%[24] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[25] Accounting Standards - The company did not apply new accounting standards for the current reporting period[29]

证券代码：601319 证券简称：中国人保 中国人民保险集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、主要财务数据 ·本公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 ·本公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保 证季度报告中财务报表信息的真实、准确、完整。 ·本公司 2025 年第三季度报告所载财务资料根据中国企业会计准则编制，且未 经审计。 注： 1.基本每股收益、稀释每股收益增减百分比按照四舍五入前数据计算得出，下同。 2.如无特别说明，本报告中币种均为人民币。 （二）非经常性损益项目和金额 将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列 举的非经常性损益项目界定为经常性损益项目的情况说明：本集团作为保险集团公 司，保险资金的投资运用为主要经营业务之一，持有交易性金融资产、其他债权投 资等金融工具属于本集 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥177,515,831.22, a decrease of 30.16% compared to the same period last year[5] - The net profit attributable to shareholders was -¥7,146,757.19, representing a 47.87% increase in losses year-on-year[5] - The net profit excluding non-recurring gains and losses was -¥7,452,843.04, a 46.42% increase in losses compared to the previous year[5] - The basic earnings per share were -¥0.0067, a 47.66% increase in losses year-on-year[5] - Total operating revenue for the current period was $588.44 million, a decrease of 17.8% compared to $715.49 million in the previous period[20] - The net loss for the current period was $9.22 million, an improvement from a net loss of $14.80 million in the previous period[21] - The total comprehensive loss for the current period was $9.22 million, an improvement from a loss of $14.80 million in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥871,405,173.24, an increase of 5.85% from the end of the previous year[5] - The company's total assets increased to $871.41 million, up from $823.28 million, reflecting a growth of 5.8%[19] - Total liabilities rose to $666.23 million, compared to $621.49 million, marking an increase of 7.2%[19] - The total equity attributable to shareholders decreased to $124.27 million from $134.13 million, a decline of 7.0%[19] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥1,614,970.48, an improvement of 87.02% compared to the same period last year[10] - Operating cash flow for the current period was -1,614,970.48 CNY, compared to -12,442,200.18 CNY in the previous period, indicating an improvement[22] - Total cash inflow from operating activities was 668,800,638.56 CNY, down 16% from 795,865,302.90 CNY in the previous period[22] - Cash outflow from operating activities totaled 670,415,609.04 CNY, a decrease of 17% from 808,307,503.08 CNY in the previous period[22] - Cash inflow from financing activities was 276,750,000.00 CNY, up 94% from 142,719,404.70 CNY in the previous period[23] - Net cash flow from financing activities was 16,443,185.55 CNY, a significant recovery from -15,516,450.41 CNY in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,402[12] - The largest shareholder, Hubei Asset Management Co., Ltd., holds 29.08% of shares, totaling 312,024,935 shares[12] - The second-largest shareholder, Chengdu Xintong Wanhua Enterprise Management Co., Ltd., holds 11.47% of shares, totaling 123,090,000 shares, with 98,480,000 shares pledged[12] Investments and Acquisitions - The company’s goodwill increased by 46.93% to ¥30,540,150.81 due to the acquisition of a subsidiary[9] - The company reported a significant increase in goodwill from ¥20,785,363.39 to ¥30,540,150.81[17] - The company established a joint venture, Hubei Hongchuang Intelligent Equipment Co., Ltd., with a registered capital of ¥40 million, holding a 45% stake[14] Legal Matters - The company is involved in a legal dispute where the plaintiff's case was dismissed by the court[15] Other Financial Metrics - The company's cash and cash equivalents increased to ¥102,913,081.60 from ¥99,803,163.83 at the beginning of the period[17] - Accounts receivable decreased to ¥184,497,366.17 from ¥207,758,962.91[17] - Inventory decreased to ¥168,517,031.03 from ¥183,158,525.73[17] - Research and development expenses were $5.91 million, down 38.5% from $9.61 million in the previous period[20] - The company reported a basic and diluted earnings per share of -$0.0092, compared to -$0.0115 in the previous period[21] - The company's cash and cash equivalents position remains strong, supporting ongoing operations and future investments[19] - The company received 9,750,000.00 CNY from minority shareholders as part of investment inflow[23] - The company reported a cash inflow of 10,055,007.49 CNY from other investment-related activities, up from 2,682,584.28 CNY in the previous period[22] - The company’s cash flow was negatively impacted by foreign exchange fluctuations, with an effect of 1,797,197.22 CNY[23]

浙江永强集团股份有限公司 2025 年第三季度报告 证券代码：002489 证券简称：浙江永强 公告编号：2025-048 浙江永强集团股份有限公司 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、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 浙江永强集团股份有限公司 2025 年第三季度报告 一、主要财务数据 2 浙江永强集团股份有限公司 2025 年第三季度报告 | 少数股东权益影响额 | -405,526.16 | -385,971.94 | | | --- | --- | --- | --- | | （税后） | | | | | 合计 | 265,507,230.61 | 463,425,694.54 | -- | （一） 主要会计数据和财务指标 公司是否需追溯 ...

极米科技股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 极米科技股份有限公司 2025 年第三季度报告 证券代码：688696 证券简称：极米科技 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 701,112,914.20 | 2.86 | 2,326,915,6 ...

Financial Performance - The company's operating revenue for the third quarter was ¥1,441,157,780.07, representing a year-on-year increase of 1.55%[4] - The total profit for the quarter was a loss of ¥330,459,355.79, with a year-to-date total profit loss of ¥655,741,027.63[4] - The net profit attributable to shareholders was a loss of ¥327,208,237.43 for the quarter, with a year-to-date loss of ¥561,920,324.78[4] - The net profit for the first three quarters of 2025 was a loss of ¥708,928,270.70, compared to a loss of ¥591,913,797.55 in 2024, indicating a deterioration in performance[22] - The company reported a basic and diluted earnings per share of -¥0.17 for the first three quarters of 2025, compared to -¥0.12 in 2024[22] Cash Flow - The net cash flow from operating activities was negative at ¥24,529,255.53, a decrease of 341.24% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥13,290,362.83 in 2025, an improvement from a net outflow of ¥204,697,818.71 in 2024[25] - The total cash inflow from operating activities was ¥3,322,400,830.95 in 2025, compared to ¥2,780,944,105.73 in 2024, showing an increase of about 19.5%[25] - The net cash flow from investing activities was -$19.26 million, compared to -$21.79 million in the previous period, indicating a decrease in cash outflow[26] - The total cash inflow from financing activities was $612.36 million, significantly higher than $239.29 million in the prior period, reflecting increased financing efforts[26] - The net cash flow from financing activities improved to $48.30 million, compared to a negative $223.04 million previously, showing a positive turnaround[26] - The company reported a net increase in cash and cash equivalents of $15.75 million, contrasting with a decrease of $449.53 million in the prior period, reflecting better cash management[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,616,247,041.63, an increase of 1.96% from the end of the previous year[5] - The total liabilities increased to ¥6,789,239,775.64 in 2025 from ¥5,848,970,999.20 in 2024, reflecting a growth of about 16.1%[18] - The total equity decreased to ¥5,827,007,265.99 in 2025 from ¥6,525,310,030.75 in 2024, indicating a decline of approximately 10.7%[18] - The equity attributable to shareholders decreased by 12.05% to ¥4,022,543,655.19 compared to the end of the previous year[5] Investments and Expenses - Research and development expenses increased by 105.17% year-to-date, indicating a significant rise in investment in innovation[9] - Research and development expenses surged to ¥25,623,410.04 in 2025, up from ¥12,488,643.05 in 2024, marking an increase of approximately 105.5%[21] - The company recorded a loss of ¥8,091,301.04 from the disposal of non-current assets during the reporting period[7] Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,479[12] - The largest shareholder, Tianjin Jianlong Steel Industry Co., Ltd., holds 975,144,766 shares, accounting for 29.96% of total shares, with 624,035,132 shares pledged[12] Borrowings and Financial Management - The company experienced a 121.40% increase in short-term borrowings, attributed to increased bank loans[9] - Short-term borrowings surged to ¥699,530,407.04 from ¥315,955,780.47, indicating a significant increase in leverage[17] - The long-term borrowings decreased to ¥78,312,500.00 in 2025 from ¥106,930,000.00 in 2024, a reduction of approximately 26.8%[18] - Cash paid for debt repayment was $358.21 million, significantly higher than $53.60 million previously, indicating a focus on reducing leverage[26] Accounting and Reporting - The company did not apply new accounting standards starting from 2025, maintaining consistency in financial reporting[27]

Financial Performance - The company's operating revenue for Q3 2025 was ¥4,293,227,201.61, an increase of 2.44% year-on-year, while the total revenue for the year-to-date reached ¥12,761,718,577.69, up by 4.89% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2025 was ¥1,179,988,081.33, a decrease of 0.78% year-on-year, with a year-to-date net profit of ¥3,806,626,280.80, reflecting a growth of 1.89%[4] - Operating profit for the current period was ¥8,517,862,608.21, compared to ¥8,409,191,454.33 in the previous period, indicating an increase of about 1.3%[24] - Net profit for the current period was ¥7,463,454,699.93, up from ¥7,307,540,631.04 in the previous period, reflecting a growth of approximately 2.1%[25] - The total comprehensive income for the current period was ¥9,081,799,629.36, up from ¥6,434,850,939.34 in the previous period, reflecting a growth of approximately 41.0%[25] - The company reported a basic earnings per share of 1.53, compared to 1.49 in the previous period, indicating an increase of about 2.7%[25] Assets and Liabilities - The company's total assets as of September 30, 2025, amounted to ¥203,240,253,667.06, representing a 0.85% increase from the end of the previous year[6] - Total current assets decreased from CNY 25,561,402,726.86 to CNY 23,849,902,754.80, a decline of approximately 6.7%[21] - Total assets increased from CNY 201,517,851,881.45 to CNY 203,240,253,667.06, an increase of approximately 0.9%[22] - The total liabilities decreased to ¥71,174,655,185.92 from ¥73,359,413,107.20, a reduction of about 3.0%[23] - The total equity increased to ¥132,065,598,481.14 from ¥128,158,438,774.25, showing a growth of approximately 3.0%[23] Cash Flow - The company’s cash flow from operating activities for the year-to-date was ¥5,333,444,634.74, showing a decrease of 1.24% compared to the previous year[4] - Cash flow from operating activities generated a net amount of ¥5,333,444,634.74, slightly down from ¥5,400,158,942.86 in the previous period[26] - The net cash inflow from investment activities was CNY 1,943,917,878.23, an increase from CNY 1,307,155,817.13 in the previous year[27] - The total cash inflow from financing activities was CNY 20,866,122,663.72, compared to CNY 21,996,443,348.28 in the prior year[27] - The net cash outflow from financing activities was CNY -8,885,944,966.40, worsening from CNY -7,192,019,411.12 year-over-year[27] - The cash and cash equivalents at the end of the period amounted to CNY 14,934,168,174.29, down from CNY 15,438,919,546.57 in the previous year[27] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 19,514, with 29,439 shares for type B and 9,925 shares for type A[16] - The largest shareholder, China Merchants Port Investment Development Company Limited, holds 45.92% of shares, totaling 1,148,648,648 shares[16] - The top 10 shareholders hold a combined 91.6% of the total shares, indicating a high concentration of ownership[16] - The company has no preferred shareholders as indicated in the report[19] Investments - The company’s cash paid for the purchase of fixed assets and intangible assets increased by 38.74% to ¥1,758,375,692.67, reflecting higher investments in long-term assets[13] - Investment cash inflows significantly increased to ¥32,059,800,000.00 from ¥18,169,723,017.67, marking a growth of approximately 76.3%[26] - The cash received from investment activities totaled CNY 35,090,898,197.57, an increase from CNY 20,459,343,935.15 year-over-year[27] - The cash paid for the acquisition of fixed assets and other long-term assets was CNY 1,758,375,692.67, compared to CNY 1,267,417,530.70 in the previous year[27] - The cash received from the disposal of subsidiaries and other business units was CNY 97,172,565.98, significantly higher than CNY 6,781,223.42 in the prior year[27] Other Information - The company reported a significant increase in accounts receivable, which rose by 94.62% to ¥2,322,587,270.36, primarily due to cyclical impacts on cash collection[11] - The company experienced a 50.40% increase in contract liabilities, reaching ¥402,914,216.96, mainly due to an increase in customer prepayments[11] - The weighted average return on equity for the year-to-date was 6.08%, down by 0.15% compared to the same period last year[4] - The company did not undergo an audit for the third quarter financial report[28] - The report was issued by the board of directors on October 31, 2025[29]