Financial Performance - The company's operating revenue for the third quarter reached ¥1,860,410,929.62, representing a year-on-year increase of 7.86%[4] - The total profit for the period was ¥395,072,202.51, reflecting a year-on-year growth of 16.88%[4] - The net profit attributable to shareholders was ¥322,257,805.34, which is a 10.36% increase compared to the same period last year[4] - Basic earnings per share for the quarter were ¥0.33, up 13.79% from the previous year[5] - Diluted earnings per share were ¥0.31, reflecting a 10.71% increase year-on-year[5] - Operating profit for the first three quarters of 2025 was ¥1,062,781,184.26, up 23.6% from ¥859,613,986.11 in the first three quarters of 2024[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥895,336,668.25, representing a 20.7% increase from ¥741,786,647.19 in the same period of 2024[19] - Comprehensive income for the first three quarters of 2025 totaled ¥1,037,198,895.96, up 49.5% from ¥693,727,135.41 in the same period of 2024[21] Cash Flow - The net cash flow from operating activities amounted to ¥534,975,865.80, showing a significant increase of 23.38% year-on-year[4] - The company reported a net cash flow increase due to sales growth and reduced prepayments, contributing to a 27.80% rise in cash flow from the beginning of the year to the reporting period[9] - In the first three quarters of 2025, the net cash flow from operating activities was CNY 1,648,610,416.08, an increase of 27.8% compared to CNY 1,290,027,382.99 in the same period of 2024[23] - The net cash flow from investment activities was -CNY 1,677,641,876.26 in 2025, an improvement compared to -CNY 3,502,318,815.19 in 2024, indicating a reduction in cash outflow by approximately 52.1%[24] - The net cash flow from financing activities was -CNY 92,869,138.65 in 2025, contrasting with a positive net flow of CNY 1,779,755,225.34 in 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,393,360,893.95, an increase of 21.85% compared to the end of the previous year[5] - The total liabilities increased to ¥7,350,889,072.04 in 2025 from ¥5,769,343,382.09 in 2024, reflecting a growth of 27.4%[16] - The total assets as of the end of the reporting period were ¥17,393,360,893.95, up from ¥14,274,215,359.32 in the previous year, indicating a growth of 21.8%[16] - The company reported a significant increase in fixed assets, which rose to CNY 4,742,363,035.46 from CNY 3,870,604,511.48, indicating a growth of approximately 22.5%[15] - The goodwill on the balance sheet increased to CNY 537,854,599.08 from CNY 135,775,039.32, reflecting a substantial rise of about 296%[15] Equity - The equity attributable to shareholders reached ¥9,458,971,472.10, marking a 14.86% increase from the previous year[5] - Total equity increased to ¥10,042,471,821.91 in 2025 from ¥8,504,871,977.23 in 2024, marking a growth of 18.1%[16] Investment Activities - The total cash inflow from investment activities in the first three quarters of 2025 was CNY 3,738,581,728.57, up from CNY 3,191,028,595.07 in 2024, representing a growth of 17.2%[24] - The total cash outflow from investment activities was CNY 5,416,223,604.83 in 2025, a decrease of 19.0% from CNY 6,693,347,410.26 in 2024[24] - The company received CNY 4,610,464.62 from investment in 2025, compared to CNY 1,363,044,829.98 in 2024, indicating a significant increase in investment receipts[24] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥260,215,410.27, slightly down from ¥268,970,390.22 in the same period of 2024[18] Financial Expenses - The company reported a financial expense of -¥60,312,402.13 in the first three quarters of 2025, a significant improvement compared to ¥8,138,059.71 in the same period of 2024[18]

Financial Performance - The company's operating revenue for the third quarter was ¥848,243,270.52, a decrease of 2.72% compared to the same period last year[4]. - The total profit for the quarter was -¥220,585,017.49, with a year-to-date total profit of -¥578,679,664.62[4]. - The net profit attributable to shareholders was -¥220,751,028.33 for the quarter, and -¥579,431,859.97 year-to-date[4]. - The basic earnings per share for the quarter was -¥0.20, and -¥0.52 year-to-date[5]. - The weighted average return on equity decreased to -16.68%, a drop of 5.5 percentage points compared to the previous year[5]. - The decline in profit was primarily attributed to a decrease in product prices and reduced sales volume[9]. - Total operating revenue for the first three quarters of 2025 was CNY 2,808,874,671.74, a decrease of 17% compared to CNY 3,377,035,640.94 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was a loss of CNY 579,431,736.26, compared to a loss of CNY 537,248,277.70 in the same period of 2024[18]. - The total comprehensive loss for the first three quarters of 2025 was CNY -579,552,331.24, compared to CNY -537,430,558.40 in 2024[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,941,480,213.91, reflecting a 0.97% increase from the end of the previous year[5]. - The equity attributable to shareholders decreased by 32.59% to ¥1,188,358,729.58 compared to the end of the previous year[5]. - The company's total liabilities increased to CNY 2,752,004,873.55 in 2025 from CNY 2,139,838,706.70 in 2024, reflecting a growth of approximately 28.6%[16]. - The company's total equity attributable to shareholders decreased to CNY 1,188,358,729.58 in 2025 from CNY 1,762,841,617.45 in 2024, a decline of approximately 32.5%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥413,489,404.56, indicating a decline due to reduced sales[4][9]. - Cash inflow from operating activities for the first three quarters of 2025 was CNY 3,454,039,501.50, down from CNY 3,996,787,235.37 in 2024, representing a decrease of about 13.6%[21]. - The net cash flow from operating activities was -413,489,404.56, compared to -171,850,206.89 in the previous period, indicating a decline in operational cash generation[22]. - The ending cash and cash equivalents balance decreased to 367,788,915.71 from 585,453,228.91, indicating a reduction in liquidity[23]. - The net increase in cash and cash equivalents was -326,879,510.19, compared to -92,912,517.01 in the previous period, reflecting overall cash depletion[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 43,789[11]. - The largest shareholder, Tianjin Bohai Chemical Group, holds 315,392,855 shares, representing 28.41% of total shares[11]. - The second largest shareholder, Tianjin Global Magnetic Card Group, holds 105,431,347 shares, representing 9.50% of total shares[11]. - The company has not reported any significant changes in shareholder relationships or participation in margin trading activities[12]. Investment and Expenses - Research and development expenses for the first three quarters of 2025 were CNY 109,663,197.68, a decrease of 14.4% from CNY 128,135,206.26 in 2024[17]. - Total cash outflow from investing activities was 460,967,745.59, significantly higher than 55,224,507.98 in the prior period, reflecting increased investment expenditures[22]. - Cash paid to employees was 87,665,448.66, an increase from 83,575,327.90, reflecting higher personnel costs[22]. - Cash paid for taxes was 15,169,572.98, down from 50,859,679.14, indicating a decrease in tax liabilities[22]. Borrowings and Financial Leverage - Short-term borrowings rose to ¥1,045,200,197.71 from ¥716,940,750.00[14]. - The company's long-term borrowings increased significantly to CNY 639,895,291.47 in 2025 from CNY 34,900,000.00 in 2024, indicating a substantial rise in financial leverage[16]. - The cash inflow from financing activities totaled 2,233,856,594.36, compared to 1,480,759,696.59 in the previous period, highlighting increased borrowing[22]. - The cash outflow for debt repayment was 1,572,113,803.85, up from 1,223,754,541.21, indicating higher debt servicing costs[22].

深圳市振邦智能科技股份有限公司 2025 年第三季度报告 证券代码：003028 证券简称：振邦智能 公告编号：2025-061 深圳市振邦智能科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 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 深圳市振邦智能科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 392,393,374.20 | -2.3 ...

Financial Performance - The company's operating revenue for the third quarter was ¥937,939,371.14, representing an increase of 11.63% year-over-year[5]. - The total profit for the quarter decreased by 35.66% to ¥12,731,162.34, while the net profit attributable to shareholders dropped by 50.86% to ¥9,911,268.02[5]. - The basic earnings per share for the quarter was ¥0.04, a decrease of 73.33% compared to the same period last year[6]. - The diluted earnings per share also fell by 77.78% to ¥0.04 for the quarter[6]. - The company reported a significant decline in net profit attributable to shareholders, with a year-to-date decrease of 77.49%[10]. - Net profit for the first three quarters of 2025 was ¥23,347,571.13, a decrease of 77.53% from ¥103,721,743.88 in the same period of 2024[22]. - Basic earnings per share for the first three quarters of 2025 were ¥0.11, compared to ¥0.67 in the same period of 2024, reflecting a significant decline[23]. - Other comprehensive income after tax for the first three quarters of 2025 was -¥15,448,811.62, compared to -¥1,202,940.51 in 2024, indicating a significant increase in losses[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,134,367,261.80, reflecting a decrease of 1.65% from the previous year[6]. - The total assets of the company decreased from ¥5,220,318,775.68 in 2024 to ¥5,134,367,261.80 in 2025, a decline of approximately 1.65%[21]. - The total equity attributable to shareholders decreased from ¥1,880,071,867.62 in 2024 to ¥1,850,979,410.42 in 2025, a decline of about 1.53%[21]. - The company's total liabilities decreased from ¥3,340,246,908.06 in 2024 to ¥3,283,387,851.38 in 2025, a reduction of approximately 1.70%[21]. - Current liabilities decreased slightly to ¥2,509,844,619.11 from ¥2,529,293,982.57[18]. - The company's long-term borrowings decreased to ¥151,803,538.15 from ¥197,190,847.25[18]. Cash Flow - The net cash flow from operating activities for the quarter was ¥614,494,672.55, with no applicable year-over-year comparison[5]. - Cash generated from operating activities in the first three quarters of 2025 was ¥2,737,901,131.39, an increase from ¥2,406,585,693.88 in 2024[25]. - The total cash outflow for operating activities was $2.69 billion, a decrease from $3.12 billion, showing improved cash management[26]. - The company reported a net increase in cash and cash equivalents of $98.03 million, contrasting with a decrease of $48.12 million in the previous period[27]. - The ending balance of cash and cash equivalents was $700.46 million, up from $466.16 million, indicating a stronger liquidity position[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,979[13]. - The largest shareholder, He Peifu, holds 89,051,352 shares, representing 45.88% of total shares[13]. - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders[14]. Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥2,407,565,464.08, up from ¥2,091,181,965.97 in 2024, reflecting a year-over-year increase of 15.08%[21]. - Research and development expenses for the first three quarters of 2025 were ¥85,421,133.22, down from ¥92,371,237.48 in 2024, indicating a decrease of 7.53%[22]. - The company cited increased fixed costs and underutilized capacity as primary reasons for the profit decline in the current quarter[10]. Non-Recurring Items - Non-recurring gains and losses for the quarter included a government subsidy of ¥1,373,925.00 and a fair value change gain of ¥14,643,082.67[8].

Revenue and Profit - The company's revenue for Q3 2025 was ¥403,730,011.02, a decrease of 9.09% compared to the same period last year[5] - Net profit attributable to shareholders was ¥11,362,828.58, down 0.27% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥8,069,249.53, an increase of 1.68%[5] - Total operating revenue for the current period was ¥1,179,125,353, a decrease of 5.4% from ¥1,246,777,667.56 in the previous period[21] - Net profit for the current period was ¥7,867,564.07, compared to a net loss of ¥6,926,170.21 in the previous period[23] - The comprehensive income attributable to shareholders of the parent company was ¥46,517,817.64, compared to ¥43,220,585.80 in the previous period[23] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥3,544,479,270.04, a decrease of 0.88% from the end of the previous year[5] - The company's total current assets amount to 1,409,561,221.16 RMB, an increase from 1,288,732,399.14 RMB at the beginning of the period[17] - Total liabilities increased to 1,138,655,480.26 RMB from 1,092,420,056.25 RMB, reflecting a rise of about 4.2%[18] - The total liabilities decreased slightly to ¥1,261,757,218.70 from ¥1,277,612,776.71[19] - The total equity attributable to shareholders of the parent company increased to ¥2,307,915,732.97 from ¥2,283,935,330.74[19] Cash Flow - The cash flow from operating activities for the year-to-date was ¥68,792,485.08, down 56.46% compared to the same period last year[5] - The net cash flow from operating activities was ¥68,792,485.08, a decline of 56.5% from ¥157,993,779.41[26] - The net cash flow from investing activities was -¥150,205,095.22, a decrease of 623.86% compared to the previous year, indicating increased investment payments[12] - The cash inflow from investment activities was significantly higher at ¥1,370,079,303.32 compared to ¥372,238,600.99 in the previous period[26] - The net cash flow from financing activities was -$104.77 million, an improvement from -$217.28 million in the prior period, suggesting better management of financing cash flows[27] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 45,307[14] - The largest shareholder, Changde Urban Development Group, holds 25.00% of shares, totaling 226,444,847 shares[14] - The company reported a total of 11,413,278 shares held by shareholder Lou Lifeng through margin trading accounts[15] Expenses - Sales expenses decreased by 33.10% to ¥18,913,634.42, attributed to the cessation of marketing expenses related to a subsidiary's business[12] - Financial expenses decreased by 41.12% to ¥3,321,732.13, due to reduced interest expenses from bank loans[12] - Total operating costs decreased to ¥1,153,345,091.48, down 6.1% from ¥1,223,963,826.62[22] Investments - The company reported a significant increase in trading financial assets, which rose by 172.82% to ¥218,481,139.72 due to increased purchases of financial products[11] - The net cash flow from investing activities was -$150.21 million, compared to -$20.75 million in the previous period, indicating a significant increase in cash outflows for investments[27] - The cash outflow for investment activities was $1.52 billion, compared to $392.99 million in the previous period, highlighting a substantial increase in investment expenditures[27] Other Information - The company has completed the deregistration of its subsidiary, Pinghu Zhongli Real Estate Co., Ltd., with no significant impact on operations[15] - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[28] - The financial report for the third quarter was not audited, which is important for stakeholders to consider when evaluating the financial health of the company[28] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[29]

广西柳药集团股份有限公司2025 年第三季度报告 证券代码：603368 证券简称：柳药集团 转债代码：113563 转债简称：柳药转债 广西柳药集团股份有限公司 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： 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。 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 1 / 13 单位：元 币种：人民币 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告 期末比上年 同期增减变 动幅度(%) 营业收入 5,457,248,932.18 1.99 15,758,036,706.01 -1.47 利润总额 249,472,295.52 -14.45 748,512,238.63 - ...

Financial Performance - The company's operating revenue for the third quarter was ¥426,077,918, a decrease of 14.03% compared to the same period last year[5]. - The total profit for the period was a loss of ¥7,508,074.63, with a year-to-date profit of ¥7,364,559.12, reflecting a decline of 69.22%[5]. - The net profit attributable to shareholders was a loss of ¥4,252,236.39 for the quarter, down 2,625.76% year-on-year, and a year-to-date profit of ¥11,683,839.30, down 62.37%[5]. - Total operating revenue for the first three quarters of 2025 was CNY 1,167,164,064.06, a decrease of 27.4% compared to CNY 1,606,148,470.04 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was CNY 11,683,839.30, a decline of 62.3% compared to CNY 31,053,098.19 in the same period of 2024[22]. - The total comprehensive income for the first three quarters of 2025 was CNY 13,747,138.54, compared to CNY 38,640,505.14 in the previous year, reflecting a significant decline[22]. Earnings and Shares - Basic and diluted earnings per share for the quarter were both -¥0.03, a decrease of 3,100% year-on-year, with year-to-date earnings per share of ¥0.08, down 65.22%[6]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.08, down from CNY 0.23 in the previous year[22]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was ¥158,938,147.44, a decrease of 32.54% compared to the previous year[5]. - Operating cash flow for the first nine months was $158.94 million, down from $235.60 million in the same period last year, representing a decrease of 32.4%[26]. - Cash inflow from investment activities increased significantly to $2.42 billion, compared to $1.18 billion in the previous year, marking a growth of 105.5%[27]. - Net cash flow from investment activities was negative at -$483.13 million, worsening from -$288.68 million year-over-year[27]. - Cash inflow from financing activities was $276.51 million, down from $416.69 million, a decline of 33.7%[27]. - The total cash and cash equivalents at the end of the period stood at $342.71 million, up from $256.34 million year-over-year, an increase of 33.7%[27]. Assets and Liabilities - The total assets at the end of the quarter were ¥2,563,763,944.95, an increase of 1.55% from the end of the previous year[6]. - Total current assets as of September 30, 2025, amount to ¥1,930,318,570.17, an increase from ¥1,842,636,808.99 as of December 31, 2024[15]. - Total liabilities increased to ¥743,001,824.59 from ¥615,591,675.05[16]. - Total liabilities amounted to CNY 934,710,721.57, with total equity at CNY 1,629,053,223.38, indicating a stable capital structure[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,852[12]. - The largest shareholder, Wang Jiasheng, holds 47,869,501 shares, representing 31.39% of total shares[12]. Operational Challenges - The company reported an increase in accounts receivable, leading to higher provisions for bad debts, which impacted profit margins significantly[9]. - The decline in gross profit from solar cell packaging films was a major factor contributing to the overall decrease in net profit for the year-to-date period[10]. - The company’s cash flow statement for the first three quarters of 2025 indicates ongoing operational challenges, with a focus on cost management and efficiency improvements[23]. Changes in Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[28].

Financial Performance - The company's operating revenue for Q3 2025 was ¥482,846,096.59, a decrease of 39.13% compared to the same period last year[5] - The net profit attributable to shareholders was -¥325,924,188.24, representing a decline of 942.64% year-on-year[5] - Basic and diluted earnings per share were both -¥0.1537, a decrease of 944.51% year-on-year[5] - The company's operating revenue for the reporting period was CNY 1,473,076,989.83, a decrease of 31.36% compared to CNY 2,146,036,825.96 in the same period last year[13] - The net profit attributable to shareholders was -415 million RMB, primarily due to asset disposal losses and debt restructuring losses[20] - The net profit for the current period was a loss of ¥425,849,092.26, compared to a profit of ¥46,743,679.34 in the previous period[29] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥387,541,745.02, down 31.17% compared to the previous year[5] - The company’s cash flow from financing activities increased by 307.10% to CNY 79,384,095.86, driven by loans received from shareholders[14] - The company’s cash received from operating activities decreased by 81.81% to CNY 5,054,377.93, compared to CNY 27,789,440.68 in the previous year[14] - Cash paid for debt repayment was CNY 447,706,000.00, reflecting a normal repayment of due borrowings[14] - Cash inflow from operating activities totaled $1,816,794,641.99, a decrease of 17.5% from $2,204,237,235.38 in the previous period[32] - Cash outflow from operating activities was $2,204,336,387.01, down 11.8% from $2,499,689,396.76 in the prior period[32] - The ending cash and cash equivalents balance was $790,397,399.59, down 29.7% from $1,123,452,916.86 in the previous period[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,475,633,454.67, a reduction of 22.42% from the end of the previous year[5] - The company's total assets decreased to ¥7,475,633,454.67 from ¥9,636,207,465.82, reflecting a decline of 22.4%[26] - Total liabilities decreased to ¥4,476,573,933.38 from ¥6,074,323,188.98, a reduction of 26.3%[25] - The equity attributable to shareholders of the parent company decreased to ¥2,970,304,230.30 from ¥3,395,705,743.19, a decline of 12.5%[26] - The asset-liability ratio decreased from 63.04% at the beginning of the period to 59.88%[21] Investments and Expenses - The company reported a significant loss of ¥126,332,559.09 from the disposal of non-current assets, primarily due to investment losses from the disposal of Hongze Lake Dashi equity[7] - Investment losses were reported at CNY -129,660,335.86, a significant drop of 2249.44% from CNY -5,518,785.85 in the previous year, primarily due to the disposal of equity in Hongze Lake Dashi[13] - Research and development expenses decreased by 41.32% to CNY 44,105,069.44 from CNY 75,166,538.36 year-on-year, attributed to nearing completion of R&D projects[13] - The company reported a significant increase in financial expenses, totaling ¥39,110,268.83, compared to ¥48,302,500.60 in the previous period[29] Project and Shareholder Information - The total amount of signed and awarded projects during the reporting period was 2.19 billion RMB, down 5.64% from 2.32 billion RMB year-on-year[20] - The company achieved AIoT platform product revenue of 19.35 million RMB, with a signed amount increasing by 102.9% to 37.81 million RMB compared to the previous year[21] - The number of common shareholders at the end of the reporting period was 129,542[17] - The largest shareholder, Changdu Shida Enterprise Management (Group) Co., Ltd., holds 12.78% of the shares, amounting to 270,966,881 shares[17]

Financial Performance - The company's revenue for Q3 2025 reached ¥360,864,815.60, representing an increase of 11.08% compared to the same period last year[5] - Net profit attributable to shareholders was ¥45,728,260.43, a significant increase of 58.78% year-on-year[5] - The basic earnings per share for the period was ¥0.0551, reflecting a growth of 55.65% compared to the previous year[5] - Total operating revenue for the current period reached ¥1,092,285,389.95, an increase of 4.5% compared to ¥1,045,172,312.93 in the previous period[18] - Net profit for the current period was ¥209,552,451.74, representing a 10% increase from ¥190,509,038.34 in the previous period[19] - Earnings per share (EPS) for the current period was ¥0.2148, compared to ¥0.2017 in the previous period, indicating a growth of 15.4%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,487,847,864.98, marking a 5.64% increase from the end of the previous year[5] - The company’s financial assets increased by 339.90% to ¥462,589,373.70 due to increased investment in financial products[8] - Total current assets increased from 1,844,302,643.64 CNY to 1,954,574,731.10 CNY, an increase of about 6%[15] - The total liabilities increased to ¥393,504,467.73 from ¥344,656,275.77, representing a growth of 14.2%[17] - Total equity rose to ¥3,094,343,397.25 from ¥2,957,123,501.37, indicating an increase of 4.6%[17] Cash Flow - The company reported a net cash flow from operating activities of ¥224,559,700.16, which is a 22.81% increase year-to-date[5] - Cash inflow from operating activities totaled ¥1,125,494,646.11, an increase from ¥1,054,807,090.96 in the previous period, marking a growth of 6.7%[21] - The net cash flow from operating activities was $224,559,700.16, an increase of 23% compared to $182,850,167.68 in the previous period[22] - Cash inflow from investment activities totaled $891,894,302.17, up from $710,856,913.71, marking a 25.5% increase[22] - The net cash flow from investment activities was -$476,496,188.50, a significant decrease from $303,073,347.40 in the prior period[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 88,812[11] - The largest shareholder, Nantong Industrial Holdings Group Co., Ltd., holds 33.75% of shares, totaling 279,994,660 shares[11] - The company has no preferred shareholders as indicated in the report[13] Expenses - Total operating costs amounted to ¥853,284,673.64, up from ¥825,883,624.70, reflecting a year-over-year increase of 3.3%[18] - Research and development expenses were ¥43,536,583.86, slightly down from ¥47,149,976.95, showing a decrease of 7%[19] - Sales expenses increased to ¥203,123,914.20 from ¥183,281,978.47, reflecting an increase of 10.8%[19] Investment Activities - The company’s investment payments surged by 224.66% to ¥1,233,700,000.00, reflecting a significant increase in financial product purchases[9] - The company’s cash flow from other investment activities decreased by 77% to ¥10,618,402.78, primarily due to reduced cash recovery from related activities[9] - The company received $878,000,000.00 from the recovery of investments, an increase from $656,137,829.10[22] - The company paid $121,051,082.31 in cash related to other investment activities, significantly higher than $1,117,714.05 in the previous period[22]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,628,624,315.89, representing a 10.95% increase year-over-year[4] - Net profit attributable to shareholders was ¥78,445,066.87, a significant increase of 56.58% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥82,108,826.43, up 86.23% year-over-year[4] - The basic earnings per share (EPS) was ¥0.96, reflecting a 50.00% increase compared to the previous year[4] - Total operating revenue for the current period reached ¥4,391,391,330.06, an increase of 16.1% compared to ¥3,783,821,088.79 in the previous period[24] - Total operating profit increased to CNY 191,056,779.10 from CNY 61,355,166.87 year-over-year[25] - Net profit for the current period reached CNY 175,155,760.44, up from CNY 77,535,927.21 in the previous period, representing a growth of approximately 125.5%[25] - The total comprehensive income for the current period was CNY 174,955,632.85, compared to CNY 77,244,429.66 in the previous period[25] - Basic earnings per share increased to CNY 2.26 from CNY 0.97 year-over-year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,561,113,035.41, a decrease of 2.65% from the end of the previous year[4] - Total assets decreased to ¥8,561,113,035.41 from ¥8,794,586,048.44, reflecting a reduction of 2.6%[22] - Total liabilities decreased to ¥5,107,996,021.05 from ¥6,368,070,067.34, a decline of 19.7%[22] - The company's equity increased to ¥3,453,117,014.36 from ¥2,426,515,981.10, representing a growth of 42.2%[22] - The equity attributable to shareholders increased by 42.31% to ¥3,453,117,014.36 compared to the end of the previous year[4] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥380,466,659.58, showing a substantial increase of 177.21%[4] - Cash flow from operating activities generated a net amount of CNY 380,466,659.58, compared to CNY 137,247,819.72 in the previous period, indicating a significant increase[26] - Cash flow from investing activities resulted in a net outflow of CNY 386,373,826.08, an improvement from a net outflow of CNY 798,345,711.21 in the previous period[27] - Cash flow from financing activities yielded a net inflow of CNY 25,445,385.73, slightly up from CNY 24,359,126.50 in the previous period[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,928[13] - The largest shareholder, Pan Dangyu, holds 17.34% of shares, totaling 17,329,860 shares[13] - The top ten shareholders hold a total of 34.03% of the company's shares[13] - The company has no major shareholders participating in margin financing or securities lending[14] - The company has no preferred shareholders or significant changes in the top ten preferred shareholders[15] - The company’s stock repurchase account held 1,099,556 shares, accounting for 1.10% of total shares at the end of the reporting period[14] Corporate Actions - The company implemented the 2025 Employee Stock Ownership Plan, transferring 2.554 million shares at a price of 27.91 RMB per share, representing 3.1683% of total shares[16] - The company has reserved an additional 280,000 shares for the 2025 Employee Stock Ownership Plan, which will be transferred at the same price of 27.91 RMB per share[16] - The company redeemed all "Haopeng Convertible Bonds" on September 8, 2025, resulting in an increase of 19,333,056 shares, bringing total shares to 99,943,067[18] Governance and Compliance - The company has revised its governance structure and amended its articles of association to comply with relevant regulations[17] - The company did not undergo an audit for the third quarter financial report[28] Operational Costs and Expenses - Total operating costs amounted to ¥4,192,801,361.87, up 13.4% from ¥3,697,755,369.91 in the prior period[24] - Research and development expenses were ¥236,827,281.89, slightly increasing from ¥235,123,969.03 year-over-year[24] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥940,234,924.04 from ¥1,060,045,728.07, a decline of 11.3%[20] - The cash and cash equivalents at the end of the period amounted to CNY 414,314,188.12, down from CNY 595,791,770.03 in the previous period[27] Other Financial Metrics - Investment income for the period was ¥11,654,379.08, a remarkable increase of 296.15% year-over-year[10] - The net cash flow from investing activities improved by 51.60% compared to the previous year, indicating better cash management[11] - Interest income for the current period was CNY 6,061,353.62, compared to CNY 17,563,639.34 in the previous period[25] - The balance of accounts receivable rose to ¥1,526,634,053.03 from ¥1,418,802,675.14, an increase of 7.6%[20] - The company reported a decrease in inventory to ¥785,556,877.39 from ¥864,351,663.39, a decline of 9.1%[20] - Short-term borrowings decreased significantly to ¥169,000,000.00 from ¥326,000,000.00, a reduction of 48.1%[21]