Financial Performance - The company's revenue for Q3 2025 reached ¥667,467,409.56, an increase of 8.71% year-on-year[7] - Net profit attributable to shareholders for Q3 2025 was ¥49,118,753.71, representing a significant growth of 52.00% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses for Q3 2025 was ¥45,100,479.75, up 66.63% year-on-year[7] - For the first nine months of 2025, the company achieved a total revenue of ¥1,838,748,112.84, an increase of 4.59% year-on-year[12] - The basic earnings per share for Q3 2025 was ¥0.0923, reflecting a growth of 52.31% compared to the previous year[7] - Total operating revenue for the current period reached ¥1,838,748,112.84, an increase of 4.6% compared to ¥1,758,024,349.55 in the previous period[26] - Net profit for the current period was ¥125,252,855.81, compared to ¥105,454,101.83 in the previous period, representing a growth of 18.8%[27] Cash Flow and Liquidity - The company's cash flow from operating activities for the first nine months of 2025 was ¥75,308,873.20, a substantial increase of 189.99% year-on-year[7] - The net cash flow from operating activities for the first nine months of 2025 was CNY 75,308,873.20, an increase of 189.99% compared to CNY 25,969,392.73 in the same period of 2024, primarily due to an increase in tax refunds received[15] - The net cash flow from financing activities for the first nine months of 2025 was CNY 65,124,532.18, a significant improvement from a negative CNY 86,231,705.38 in the same period of 2024, reflecting a 175.52% increase in financing amounts[15] - Cash inflow from operating activities totaled CNY 2,377,135,327.97, compared to CNY 2,091,107,096.82 last year[30] - Cash outflow from investing activities was CNY 2,151,027,791.33, an increase from CNY 1,837,031,258.79 in the previous period[31] - The ending balance of cash and cash equivalents was CNY 230,363,137.10, compared to CNY 204,621,924.91 in the previous period[32] - Cash received from the recovery of investments was CNY 2,077,480,910.54, up from CNY 1,752,784,654.85[31] - The company received CNY 598,307,693.84 in cash from borrowings, an increase from CNY 375,284,523.81 last year[31] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥2,195,619,366.74, a decrease of 2.86% from the end of the previous year[7] - Total assets decreased to ¥2,195,619,366.74 from ¥2,260,189,759.75, a decline of about 2.9%[25] - Total liabilities decreased to ¥995,145,039.43 from ¥1,205,549,506.95, a reduction of approximately 17.4%[24] - Accounts receivable decreased to ¥463,905,177.21 from ¥624,235,897.40, a reduction of approximately 25.7%[23] - The company reported a decrease in inventory from ¥177,973,538.26 to ¥156,119,067.69, a decline of about 12.3%[23] Strategic Initiatives - The company has been focusing on innovation and expanding its market presence, particularly in the trendy toy sector, to enhance sales and profitability[12] - The company has established a new subsidiary in Indonesia with a registered capital of USD 1 million to better respond to market demands and policy changes[19] - The company has established a subsidiary in the Netherlands with a registered capital of €86,000 in September 2025 as part of its globalization strategy[19] - The company plans to expand its market presence and invest in new technologies, although specific details were not provided in the call[26] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 55,411, with the top ten shareholders holding significant stakes, including Wang Liping with 23.02%[16] - Wang Liping, the chairman, holds 122,987,603 shares, of which 27,000,000 are pledged[16] Changes in Governance - The company has revised its articles of association and dissolved the supervisory board as of September 2025, transferring its responsibilities to the audit committee of the board[20] Financial Ratios and Margins - The gross profit margin for the main business in Q3 2025 increased by 1.86 percentage points compared to the same period last year[12] - Research and development expenses rose to ¥18,404,073.54 from ¥14,447,316.43, indicating a year-over-year increase of 27.5%[26] - The company reported a significant increase in financial income, with a decrease in financial expenses by 121.55% year-on-year[14] - Total operating costs amounted to ¥1,719,490,892.30, up from ¥1,652,238,445.89, reflecting a year-over-year increase of 4.0%[26] - The total comprehensive income for the period was CNY 109,526,527.56, an increase from CNY 103,372,040.98 in the previous period[28] - Basic and diluted earnings per share increased to CNY 0.2368 from CNY 0.1982[28]

Financial Performance - The company's operating revenue for the third quarter reached ¥697,174,069.15, an increase of 5.79% compared to the same period last year[4] - Total profit for the quarter was ¥90,508,540.80, reflecting a significant increase of 21.11% year-on-year[4] - Net profit attributable to shareholders was ¥78,532,081.51, up 26.10% compared to the same quarter last year[4] - The net profit after deducting non-recurring gains and losses was ¥61,733,943.39, which is a 14.57% increase year-on-year[4] - The basic earnings per share for the quarter was ¥0.12, representing a 33.33% increase compared to the previous quarter[5] - The diluted earnings per share also stood at ¥0.12, marking a 33.33% increase from the previous quarter[5] - The weighted average return on equity increased to 2.09%, up 0.34 percentage points from the previous year[5] - The net profit for the first three quarters of 2025 is CNY 189,651,974.02, a decrease of 10.4% compared to CNY 210,976,809.59 in the same period of 2024[18] - The basic and diluted earnings per share decreased to CNY 0.28, compared to CNY 0.31 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,363,592,862.83, a slight increase of 0.30% from the end of the previous year[5] - The total assets of the company amounted to RMB 5,363,592,862.83 as of September 30, 2025, slightly up from RMB 5,347,623,831.51 at the end of 2024[16] - The total liabilities decreased to RMB 1,612,834,083.41 as of September 30, 2025, compared to RMB 1,629,015,121.70 at the end of 2024[16] - The company's total equity increased to RMB 3,750,758,779.42 as of September 30, 2025, from RMB 3,718,608,709.81 at the end of 2024[16] Cash Flow - The cash flow from operating activities showed a significant decline of 89.10% year-to-date, attributed to reduced bill discounting and large cash payments for notes payable[9] - The cash flow from operating activities generated a net amount of CNY 35,471,198.78, significantly lower than CNY 325,368,768.51 in the same period last year[21] - The net cash flow from investing activities was negative at CNY -890,115,108.04, compared to CNY -349,425,594.56 in the previous year[22] - The cash and cash equivalents at the end of the period stood at CNY 424,557,519.00, down from CNY 502,702,907.44 at the end of the previous year[22] - The company's cash and cash equivalents decreased to RMB 425,343,587.40 as of September 30, 2025, down from RMB 1,895,823,524.76 at the end of 2024[14] Shareholder Information - The company reported a total of 31,724 common shareholders at the end of the reporting period[10] Operating Costs and Revenue - Total operating revenue for the first three quarters of 2025 reached RMB 1,986,775,248.36, an increase from RMB 1,926,978,761.76 in the same period of 2024, representing a growth of approximately 3.9%[17] - Total operating costs for the first three quarters of 2025 were RMB 1,798,692,587.34, compared to RMB 1,716,227,468.26 in 2024, indicating an increase of about 4.8%[17] - The total revenue from operating activities decreased to CNY 1,827,487,193.92, down 9.4% from CNY 2,016,598,121.62 in the previous year[20] Research and Development - Research and development expenses increased to CNY 93,915,316.18, up 8.3% from CNY 86,641,388.18 year-over-year[18] Inventory and Receivables - Accounts receivable rose to RMB 442,163,643.67 as of September 30, 2025, compared to RMB 294,341,623.79 at the end of 2024, reflecting a significant increase of approximately 50.2%[14] - Inventory decreased to RMB 594,487,349.65 as of September 30, 2025, down from RMB 624,073,208.36 at the end of 2024[14] Investment Income - The company reported an increase in investment income to CNY 28,696,195.89, compared to CNY 31,253,632.32 in the previous year[18]

Financial Performance - The company's operating revenue for Q3 2025 was ¥598,085,627.19, a decrease of 3.40% compared to the same period last year[3] - Total profit for the quarter was ¥14,919,079.47, down 59.06% year-over-year[3] - Net profit attributable to shareholders was ¥18,492,198.30, reflecting a decline of 45.08% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses for the quarter was ¥17,241,711.17, a decrease of 47.15% year-over-year[3] - Basic earnings per share for the quarter were ¥0.10, down 44.44% from the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,755,522,383.79, an increase of 18.66% compared to ¥1,479,505,421.84 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥65,856,778.41, a decrease of 33.06% from ¥98,220,926.28 in 2024[19] - Operating profit for the first three quarters of 2025 was ¥71,777,750.90, down 35.36% from ¥110,933,717.77 in 2024[19] - Total comprehensive income attributable to the parent company decreased to ¥76,620,967.73 from ¥106,636,225.55, a decline of approximately 28.2% year-over-year[20] - Basic and diluted earnings per share decreased to ¥0.39 from ¥0.54, representing a decline of 27.8%[20] - The net profit for the first three quarters of 2025 was ¥87,810,169.86, a decrease of 22.8% from ¥113,675,334.87 in the first three quarters of 2024[26] Assets and Liabilities - Total assets at the end of the quarter were ¥3,167,872,462.21, an increase of 16.20% compared to the end of the previous year[4] - Total liabilities as of the reporting date amounted to ¥1,952,469,653.71, an increase of 26.38% from ¥1,545,159,404.83 in the previous year[16] - Total equity attributable to shareholders reached ¥1,214,741,790.46, up 3.45% from ¥1,175,216,487.75 in 2024[16] - The total liabilities increased to ¥1,325,055,405.39 in 2025 from ¥1,268,533,236.74 in 2024, indicating a rise in financial obligations[24] - The total equity of the company increased to ¥1,239,994,349.29 in 2025 from ¥1,189,279,844.45 in 2024, reflecting a strengthening of the financial position[24] Cash Flow - The company reported a net cash flow from operating activities of -¥8,475,950.56 for the year-to-date period[3] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[19] - Net cash flow from operating activities was negative at -¥8,475,950.56, an improvement from -¥35,390,318.28 in the previous year[21] - Cash inflow from operating activities increased to ¥1,680,182,089.21 from ¥1,175,809,080.07, a growth of approximately 43%[21] - Cash outflow from investing activities totaled ¥658,799,210.85, down from ¥780,232,595.42, indicating a reduction of about 15.5%[21] - Net cash flow from financing activities was positive at ¥335,579,976.78, compared to ¥383,799,333.75 in the previous year, a decrease of approximately 12.6%[21] - The company's cash and cash equivalents decreased to RMB 278,155,475.60 from RMB 500,060,149.56, representing a decline of about 44.2%[13] - The company's cash and cash equivalents at the end of the period were ¥101,890,174.95, down from ¥289,482,388.93 at the end of the same period last year[30] Investments and Expenses - The decline in profits is primarily attributed to increased investments in new molds and the expansion of subsidiaries in their initial stages[8] - Research and development expenses increased to ¥51,409,519.02 in 2025, compared to ¥45,153,665.39 in 2024, reflecting a growth of 13.00%[18] - Research and development expenses increased to ¥49,712,506.25 in the first three quarters of 2025, up from ¥44,923,400.04 in the same period of 2024, reflecting a focus on innovation[26] Shareholder Information - The company has a major shareholder, Bi Yi Group Limited, holding 55.86% of the shares, while Bi Yi Group (Hong Kong) Limited holds 5.96%[12] - The top 10 shareholders collectively hold significant stakes, with the largest being Bi Yi Group Limited at 104,996,250 shares[12] - The company has a repurchase account holding 1,842,700 shares as of the reporting period[12] Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[12] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]

Financial Performance - The company's operating revenue for the third quarter was ¥540,314,432.01, a decrease of 69.23% compared to the same period last year[3]. - The total profit for the third quarter was ¥10,029,644.03, down 63.00% year-on-year[3]. - The net profit attributable to shareholders was ¥5,515,629.98, reflecting a decline of 69.64% compared to the previous year[3]. - The net profit excluding non-recurring gains and losses for the year-to-date was ¥3,726,726.29, a decrease of 66.44% year-on-year[3]. - The basic earnings per share for the third quarter was ¥0.03, down 66.67% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 2,584,403,526.80, a decrease of 15.5% compared to CNY 3,059,862,349.77 in the same period of 2024[15]. - Net profit for the first three quarters of 2025 was CNY 23,928,648.86, a decline of 21.9% from CNY 30,635,307.68 in 2024[16]. - The company reported a total comprehensive income of CNY 14,196,734.44 for the first three quarters of 2025, down from CNY 25,668,904.01 in 2024, a decrease of 44.6%[16]. - Basic earnings per share for the first three quarters of 2025 were CNY 0.13, compared to CNY 0.16 in the same period of 2024, a decrease of 18.8%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,081,498,226.28, an increase of 2.68% from the end of the previous year[3]. - Total current assets as of September 30, 2025, amount to ¥1,548,943,734.60, an increase from ¥1,534,576,409.38 as of December 31, 2024[12]. - Total assets as of September 30, 2025, are ¥3,081,498,226.28, compared to ¥3,001,160,208.31 as of December 31, 2024[13]. - Total current liabilities as of September 30, 2025, are ¥1,302,167,629.21, up from ¥1,178,276,656.85 as of December 31, 2024[13]. - The company's total liabilities increased to CNY 1,895,929,413.39 in 2025 from CNY 1,716,206,592.37 in 2024, representing an increase of 10.5%[14]. - The total equity attributable to shareholders decreased to CNY 1,108,954,628.06 in 2025 from CNY 1,118,917,694.55 in 2024, a decline of 0.8%[14]. Cash Flow - Cash flow from operating activities for the first three quarters of 2025 was negative at CNY -63,446,666.30, an improvement from CNY -220,518,720.50 in 2024[18]. - The company’s cash inflow from operating activities totaled CNY 4,973,711,569.55, an increase from CNY 3,516,658,893.70 in 2024[18]. - The net cash flow from investing activities was CNY -140,898,135.11 in 2025, worsening from CNY -99,348,399.77 in 2024[18]. - Net cash flow from financing activities was $214.36 million, a decrease from $570.66 million in the previous period[19]. - Total cash inflow from financing activities amounted to $1.45 billion, compared to $796.88 million last year[19]. - Cash outflow for debt repayment was $1.08 billion, significantly higher than $180.63 million in the prior period[19]. - The ending balance of cash and cash equivalents was $463.24 million, down from $691.89 million year-over-year[19]. - The company received $1.45 billion in borrowings, an increase from $795.60 million in the previous year[19]. - Cash dividends and interest payments totaled $32.96 million, compared to $42.12 million last year[19]. - The impact of exchange rate changes on cash and cash equivalents was a negative $2.36 million[19]. Business Strategy and Market Conditions - The decline in revenue and profits was attributed to reduced business activity due to complex international conditions and economic challenges[7]. - The company plans to adjust its business model to improve efficiency and profitability in response to market conditions[7]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,797[9]. - Hubei International Trade Group Co., Ltd. holds 26.00% of shares, totaling 53,664,000 shares[9]. - Jiangsu Yashi Investment Group Co., Ltd. holds 18.98% of shares, totaling 39,166,570 shares, with 18,200,000 shares pledged[9]. Fixed Assets - The company has a total of ¥734,509,042.24 in fixed assets as of September 30, 2025[12]. - The company’s cash and cash equivalents amount to ¥465,877,612.01 as of September 30, 2025, compared to ¥459,707,423.68 as of December 31, 2024[12]. - The company’s accounts receivable increased to ¥450,400,409.04 as of September 30, 2025, from ¥334,069,110.17 as of December 31, 2024[12]. Accounting Standards - The company did not apply new accounting standards starting from 2025[20].

我爱我家控股集团股份有限公司 2025 年第三季度报告 证券代码：000560 证券简称：我爱我家 公告编号：2025-048 号 我爱我家控股集团股份有限公司 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.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 2,506,850,865.53 | -14.94% | 8,165,332,883.31 | -6.8 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,497,020,983.16, representing a year-on-year increase of 9.08%[5] - Net profit attributable to shareholders was ¥633,428,241.18, up 34.51% compared to the same period last year[5] - The basic earnings per share increased by 36.36% to ¥0.30, while diluted earnings per share also rose by 36.36% to ¥0.30[5] - Total operating revenue for Q3 2025 reached ¥4,075,034,147.51, an increase of 3.76% compared to ¥3,927,588,266.40 in the same period last year[19] - Net profit for the period was ¥1,583,318,071.24, up 23.69% from ¥1,280,286,442.72 year-over-year[20] - The total comprehensive income for the period reached ¥4,035,414,339.05, compared to ¥1,153,831,845.13 in the previous period, indicating a significant increase[21] - Basic and diluted earnings per share improved to ¥0.74 from ¥0.60 year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,168,354,491.03, reflecting a 64.06% increase from the previous year-end[5] - Total assets amounted to ¥13,168,354,491.03, a significant rise from ¥8,026,379,432.43, indicating a growth of 64.67%[18] - Non-current assets totaled ¥7,177,782,860.87, up from ¥2,935,821,813.98, representing an increase of 144.00%[18] - Total liabilities increased to ¥2,954,220,870.03 from ¥1,479,600,469.36, reflecting a growth of 99.80%[18] - The company's equity attributable to shareholders reached ¥10,215,409,500.86, an increase of 56.01% compared to the end of the previous year[5] - The company's equity attributable to shareholders reached ¥10,215,409,500.86, compared to ¥6,547,972,198.88, an increase of 56.93%[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,317,139,633.09, showing a growth of 6.84%[5] - Net cash flow from operating activities was ¥1,317,139,633.09, up from ¥1,232,790,320.89 in the previous period[23] - Cash inflow from operating activities totaled ¥4,172,818,625.77, while cash outflow was ¥2,855,678,992.68, resulting in a net cash flow of ¥1,317,139,633.09[23] - Cash and cash equivalents increased to 3,619,979,311.65 RMB from 3,269,192,709.21 RMB[16] - Cash and cash equivalents at the end of the period amounted to ¥3,414,654,370.19, an increase from ¥2,979,216,815.12 at the end of the previous period[23] Investments - The company reported a significant increase in long-term equity investments, which rose by 116.37% to ¥1,093,967,985.18 due to appreciation in investments in joint ventures[9] - The company experienced a 100.27% increase in trading financial assets, totaling ¥60,246,821.91, attributed to increased purchases of financial products during the reporting period[9] - The company’s investment income rose by 797.11% to ¥17,387,043.41, driven by increased returns from long-term equity investments accounted for using the equity method[10] - Investment activities resulted in a net cash outflow of ¥754,128,806.93, compared to a net outflow of ¥668,769,310.27 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,349[11] - The largest shareholder, Jin Feng, holds 14.99% of shares, totaling 320,319,849 shares[11] - The company has a significant shareholder, Shaoxing An Sheng Enterprise Management Partnership, holding 5.26% of shares[11] - The company has a total of 0 preferred shareholders with voting rights restored[11] Other Information - The company successfully acquired a land parcel in Hangzhou for 272.04 million RMB, which will be recorded as intangible assets[13] - The company has not yet completed the relocation of its registered address as per the agreement, leading to a provision of 27.204 million RMB[14] - The company reported a decrease in cash received from other operating activities, totaling ¥120,377,016.06, compared to ¥110,233,851.33 in the previous period[22] - Total cash outflow for financing activities was ¥452,193,366.33, compared to ¥438,051,486.44 in the previous period[23] - The financial report for the third quarter was not audited[24]

Financial Performance - The company's revenue for Q3 2025 reached ¥187,646,704.82, representing a year-on-year increase of 6.82%[5] - Net profit attributable to shareholders was ¥27,066,374.40, up 17.17% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥22,384,676.11, reflecting a 20.91% increase year-on-year[5] - Total operating revenue for the current period reached ¥504,645,059.28, an increase of 21.7% compared to ¥414,711,738.47 in the previous period[18] - Operating profit for the current period was ¥73,726,209.08, up 65.0% from ¥44,731,028.99 in the previous period[19] - Net profit attributable to shareholders of the parent company was ¥69,953,964.89, representing a 57.5% increase from ¥44,389,200.66 in the previous period[19] - Basic and diluted earnings per share for the current period were both ¥0.57, compared to ¥0.51 in the previous period, reflecting an increase of 11.8%[19] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,525,869,510.13, a 4.87% increase from the end of the previous year[5] - Total assets increased to ¥1,525,869,510.13, up from ¥1,455,034,542.73, reflecting a growth of 4.8%[17] - Total liabilities rose to ¥291,190,713.22, compared to ¥260,614,787.22, marking an increase of 11.7%[17] - The total equity attributable to shareholders was ¥1,232,571,795.15, reflecting a 3.49% increase from the end of the previous year[5] - The company's total equity attributable to shareholders reached ¥1,232,571,795.15, up from ¥1,190,993,708.28, indicating a growth of 3.5%[17] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net amount of ¥45,709,217.73, up 64.68% year-on-year[9] - Operating cash flow for the current period was ¥45,709,217.73, an increase of 64.7% compared to ¥27,756,401.57 in the previous period[20] - Total cash inflow from operating activities reached ¥512,967,748.04, up from ¥422,405,511.67, reflecting a growth of 21.4%[20] - Cash and cash equivalents increased to ¥187,787,138.81 from ¥150,647,297.77, a growth of approximately 24.7%[15] - Cash and cash equivalents at the end of the period were ¥187,787,138.81, up from ¥119,022,946.68, indicating a significant increase of 57.7%[21] - The company reported a net cash outflow from financing activities of -¥51,444,425.57, worsening from -¥40,557,313.60 in the previous period[21] Research and Development - Research and development expenses for the first nine months of 2025 were ¥52,157,776.39, an increase of 35.83% compared to the same period in 2024[9] - Research and development expenses for the current period were ¥52,157,776.39, an increase of 35.8% from ¥38,398,071.47 in the previous period[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,595[11] - The largest shareholder, Qiu Peng, holds 32.53% of shares, totaling 39,427,957 shares[11] - The total number of shares held by the top ten unrestricted shareholders includes Qiu Peng with 9,856,990 shares and Guan Wei with 7,057,866 shares[12] - The total number of restricted shares held by major shareholders decreased by 25,259,436 shares during the period[13] - The company plans to unlock restricted shares in accordance with relevant regulations during the tenure of the executives[13] Inventory and Receivables - Accounts receivable rose to ¥207,481,982.30 from ¥169,576,036.79, reflecting an increase of about 22.3%[15] - The company experienced a 66.80% increase in accounts receivable, totaling ¥8,843,136.80, primarily due to the acceptance of bills upon maturity[8] - Inventory increased to ¥202,055,636.91 from ¥180,038,772.16, marking an increase of approximately 12.2%[15] Other Financial Metrics - Deferred income tax assets increased to ¥8,322,591.51 from ¥6,882,770.57, a rise of 20.9%[16] - The company reported a total operating cost of ¥444,567,932.15, which is an increase of 14.5% from ¥388,034,237.03 in the previous period[18] - The company received ¥18,609,789.24 in tax refunds, significantly higher than ¥6,149,290.90 in the previous period, reflecting a growth of 203.5%[20] - The cash received from other investment-related activities was ¥173,117,031.96, compared to ¥160,000,000.00, showing an increase of 8.8%[20] - Investment cash inflow totaled ¥182,569,131.58, an increase from ¥161,366,341.26, marking a growth of 13.3%[20] - Net cash flow from investment activities improved to ¥44,446,202.14, compared to a negative cash flow of -¥141,284,837.94 in the previous period[20] - The company's long-term equity investments increased to ¥9,453,060.13 from ¥9,120,351.56, a rise of approximately 3.7%[15]

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥321,981,767.85, representing a 30.80% increase compared to ¥246,161,479.58 in the same period last year[5] - Revenue for the first nine months of 2025 was ¥903,603,252.70, a 42.77% increase from ¥632,911,598.42 in the same period last year, driven by increased orders in mold and plastic products[11] - The net profit attributable to shareholders was a loss of ¥1,860,147.30, a significant decline of 228.79% from a profit of ¥1,444,333.52 in the previous year[5] - The net profit for the current period was a loss of ¥22,120,605.30, compared to a loss of ¥13,496,484.39 in the previous period, indicating a worsening of 63.5%[24] - Basic and diluted earnings per share were both reported at -0.1625, compared to -0.0984 in the previous period[26] Cash Flow - The net cash flow from operating activities decreased by 61.98%, amounting to ¥13,057,504.72 compared to ¥34,344,459.77 in the same period last year[5] - Cash flow from operating activities generated a net cash inflow of ¥13,057,504.72, down 62.0% from ¥34,344,459.77 in the previous period[27] - Cash flow from investing activities decreased by 139.20% to -¥118,420,418.56 due to reduced redemption of wealth management products and increased investment in Junpeng Communication[13] - Cash flow from investing activities resulted in a net outflow of ¥118,420,418.56, compared to a net inflow of ¥302,105,468.06 in the previous period[27] - Cash flow from financing activities increased by 720.87% to ¥109,773,420.76 primarily due to an increase in bank borrowings[13] - Cash flow from financing activities produced a net inflow of ¥109,773,420.76, an increase from ¥13,372,747.65 in the previous period[27] Assets and Liabilities - The company reported a total asset increase of 3.53%, with total assets at ¥2,950,994,241.84 compared to ¥2,850,413,817.30 at the end of the previous year[5] - Total liabilities increased from CNY 1,402,295,229.70 to CNY 1,533,038,341.63, reflecting a growth of about 9.3%[22] - The company's equity attributable to shareholders decreased from CNY 1,283,305,784.68 to CNY 1,260,501,156.92, a decline of approximately 1.8%[22] - Long-term borrowings increased by 81.96% to ¥299,246,838.40 due to an increase in long-term loans[12] - Short-term borrowings increased from CNY 232,475,047.89 to CNY 285,842,721.22, a rise of approximately 23%[22] Expenses - Research and development expenses rose by 33.69% to ¥37,257,810.76, reflecting the company's commitment to new product development[11] - Total operating costs amounted to ¥914,183,159.56, up from ¥649,905,605.62, reflecting a rise of 40.6%[23] - The company experienced a 125.26% increase in financial expenses, totaling ¥22,864,684.63, attributed to an increase in total financing[11] - Employee compensation payable increased by 51.95% to ¥34,907,658.40 due to higher employee salary obligations[12] Investments - Investment income surged by 354.97% to ¥19,081,891.19, primarily due to gains from the acquisition of Junpeng Communication[11] - Long-term equity investments increased by 100% to ¥305,748,135.18 due to the acquisition of a 40% stake in Junpeng Communication[12] Other Information - The company has implemented changes in accounting policies due to new regulations, affecting the reporting of sales expenses and operating costs[6] - The company has been disclosing progress on the major asset restructuring plan regularly since April 2025[19] - The number of common shareholders at the end of the reporting period was 6,979[15] - The company plans to acquire 60% equity of Fujian Junpeng Communication Technology Co., Ltd. from Fujian Pengxin Chuangzhan New Energy Technology Co., Ltd., making Junpeng a wholly-owned subsidiary[18]

Financial Performance - The company's revenue for Q3 2025 was ¥209,771,612.84, representing an increase of 8.75% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥13,000,535.84, a significant increase of 38.75% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,899,082.25, up 91.82% compared to the previous year[5]. - Total operating revenue for the current period was ¥577,148,711.33, a decrease of 6.7% from ¥618,715,718.75 in the previous period[24]. - Net profit for the current period was ¥16,342,120.79, down 72.2% from ¥58,799,695.42 in the previous period[25]. - The profit attributable to the parent company's shareholders was ¥25,496,259.56, a decrease of 58.8% compared to ¥61,855,243.42 in the previous period[25]. - Basic earnings per share for the current period was ¥0.0881, down from ¥0.2105 in the previous period[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,262,430,873.84, a decrease of 2.00% from the end of the previous year[5]. - Total assets decreased to ¥2,262,430,873.84 from ¥2,308,602,905.85, reflecting a decline of 2.0%[23]. - Total liabilities decreased to ¥247,199,813.94 from ¥266,545,677.53, a reduction of 7.3%[23]. - Total equity attributable to the parent company was ¥1,976,432,019.92, down from ¥1,993,780,889.08, a decrease of 0.9%[23]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥98,664,888.88, an increase of 5.76%[5]. - Operating cash flow for the current period is ¥98,664,888.88, an increase of 0.4% compared to ¥93,294,328.83 in the previous period[26]. - Total cash inflow from investment activities decreased to ¥779,294,652.40 from ¥938,272,584.94, a decline of approximately 16.9%[26]. - Net cash flow from investment activities is -¥110,081,416.72, improving from -¥145,855,877.36 in the previous period[26]. - Cash inflow from financing activities decreased to ¥15,000,000.00 from ¥20,600,000.00, a decline of 27.0%[27]. - Net cash flow from financing activities is -¥76,004,051.88, worsening from -¥54,723,270.65 in the previous period[27]. - The net increase in cash and cash equivalents for the current period is -¥85,570,105.23, compared to -¥101,078,767.21 in the previous period[27]. - The ending balance of cash and cash equivalents is ¥234,835,187.73, up from ¥193,149,436.01 in the previous period[27]. - Cash received from the sale of goods and services is ¥604,670,318.15, down 8.2% from ¥658,699,780.62[26]. - Total cash outflow from operating activities is ¥548,206,206.09, a decrease from ¥634,892,089.71, reflecting a reduction of approximately 13.6%[26]. - Cash received from tax refunds is ¥18,198,428.70, down from ¥21,847,313.41, a decline of about 16.1%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 57,923[12]. - The largest shareholder, Chen Yong, holds 21.54% of the shares, amounting to 63,468,000 shares[12]. - The company repurchased 5,537,350 shares, representing 1.88% of the total shares, ranking fourth among all shareholders[13]. - The top ten shareholders include Huanggang Yong'an Pharmaceutical Co., Ltd. with a 2.82% stake, amounting to 8,313,532 shares[12]. - The company completed a share reduction plan where the controlling shareholder reduced their stake by 2,632,300 shares, accounting for 0.8933% of the total share capital[16]. Corporate Actions - The company approved the acquisition of 49.20% equity from minority shareholders of Hubei Ling'an Technology Co., Ltd. for a total of RMB 27 million[15]. - Following the acquisition, the company will hold 100% equity in Ling'an Technology, with no changes to the consolidated financial statement scope[15]. - The company plans to adjust its business scope and increase the board members from 6 to 7, adding one employee representative director and one vice chairman[14]. - The company will abolish the supervisory board, transferring its powers to the audit committee of the board[14]. - The company completed the necessary business registration changes and obtained a new business license on October 21, 2025[14]. Legal and Compliance - The company is actively monitoring the progress of a patent infringement lawsuit in the U.S. where it was previously cleared of any infringement claims[17]. Operational Challenges - The company experienced a 73.63% decrease in operating profit, attributed to a decline in sales volume and price of its main product, taurine[10]. - Sales expenses increased by 167.48% year-on-year, mainly due to increased promotion and advertising costs for the company's self-owned brand products[9]. - The company has reported a significant decrease in cash reserves, which may impact future operational liquidity[21].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥685,466,594, representing a year-on-year increase of 6.23% compared to ¥645,236,707 in the same period last year[6]. - Net profit attributable to shareholders for Q3 2025 was ¥205,155,159, marking a significant increase of 47.64% from ¥138,956,569 in the previous year[6]. - The net profit after deducting non-recurring gains and losses for Q3 2025 was ¥198,517,204, up 48.53% from ¥133,657,309 in the same period last year[6]. - Operating revenue for the first nine months of 2025 reached approximately $2.16 billion, reflecting a year-on-year growth of 23.21% and an 81.08% increase after excluding construction period service revenue[11]. - The net profit attributable to shareholders for the same period was RMB 605 million, reflecting a year-on-year growth of 48.69%[20]. - Operating profit for the current period was ¥951,460,720.95, up 63.5% from ¥581,682,298.75 in the previous period[35]. - The total comprehensive income for the current period was ¥820,247,991.52, compared to ¥510,647,262.57 in the previous period, reflecting a growth of 60.7%[36]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period increased by 60.26%, amounting to ¥1,158,064,038 compared to ¥722,602,017 in the previous year[6]. - The company's total current assets amounted to RMB 5,153,340,925.06, an increase from RMB 4,207,067,286.63 at the beginning of the period[31]. - The company's cash and cash equivalents decreased to RMB 1,447,894,667.58 from RMB 1,457,428,129.42[31]. - Cash inflow from sales of goods and services was ¥1,998,542,502.58, significantly higher than ¥1,166,596,204.07 in the previous period, reflecting a growth of 71.1%[38]. - The company reported a cash outflow of ¥735,728,083.71 for dividend distribution and interest payments, compared to ¥429,562,013.15 in the previous period, an increase of 71.2%[39]. Assets and Liabilities - Total assets as of September 30, 2025, were ¥14,673,308,486.90, reflecting a 4.49% increase from ¥14,042,522,669.19 at the end of the previous year[6]. - The company's total liabilities decreased by 88.53% to approximately $85.25 million, mainly due to the payment of cash consideration for the acquisition of Renhe Environment[11]. - Total liabilities decreased to ¥5,212,277,966.53 from ¥5,441,728,922.13, a reduction of 4.2%[33]. - The equity attributable to shareholders increased by 11.49%, reaching ¥7,642,922,095.46 compared to ¥6,854,979,560.45 at the end of the previous year[6]. Shareholder Information - The largest shareholder, Hunan Junxin Environmental Group Co., Ltd., holds 45.27% of the shares, totaling 357,217,304 shares[14]. - The top 10 shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 55% of the total shares[14]. - The company has established voting rights agreements among major shareholders, consolidating control under the largest shareholder[14]. - The company has not reported any changes in the shareholding structure of the top 10 shareholders compared to the previous period[15]. Share Repurchase and IPO Plans - The company approved a share repurchase plan with a budget of between RMB 200 million and RMB 300 million, with a maximum repurchase price of RMB 30.57 per share[23]. - The company plans to adjust the maximum repurchase price to RMB 21.19 per share, increasing the repurchase quantity to between 9,438,415 and 14,157,621 shares[24]. - The company plans to issue H shares and list on the Hong Kong Stock Exchange, with board approvals obtained on May 14, July 18, and August 6, 2025[26][27]. - The company plans to release 2,625,000 shares from lock-up on July 23, 2025, as part of its initial public offering commitment[16]. Investments and Projects - The company signed a preliminary agreement with the Kazakhstan government on July 25, 2025, to invest in a solid waste disposal power generation facility in Almaty[28]. - An investment agreement for the solid waste disposal power generation project in Almaty was signed on August 29, 2025[29]. - The company has invested RMB 1.856 billion in financial products that have not yet matured as part of its cash management strategy[21].