Financial Performance - The company's operating revenue for Q3 2025 reached ¥316,428,880, representing a year-on-year increase of 15.98% compared to ¥272,832,100 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥11,873,950, marking a significant increase of 44.25% from ¥8,231,431 in the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,919,820, which is an increase of 11.79% compared to ¥9,768,188 in the same period last year[5]. - Total operating revenue for the period reached ¥930,032,982.85, an increase of 10.55% compared to ¥841,219,740.08 in the previous period[24]. - Net profit for the period was ¥37,343,245.76, representing a significant increase of 74.8% from ¥21,359,872.65 in the prior period[25]. - The total comprehensive income for the period reached CNY 37,291,074.13, compared to CNY 21,375,248.66 in the previous period, reflecting a significant increase[26]. Assets and Equity - The company's total assets at the end of the reporting period were ¥1,549,792,812.66, reflecting an increase of 11.37% from ¥1,391,586,552.02 at the end of the previous year[5]. - The equity attributable to shareholders increased to ¥1,037,958,505.21, up 14.11% from ¥909,599,010.92 at the end of the previous year[5]. - The company's total assets increased to ¥1,549,792,812.66, compared to ¥1,391,586,552.02, marking a growth of 11.4%[23]. - The company's equity attributable to shareholders rose to ¥1,037,958,505.21, up from ¥909,599,010.92, an increase of 14.1%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥39,578,420, a substantial increase of 106.20% compared to ¥19,194,200 in the same period last year[5]. - Cash inflow from operating activities totaled CNY 856,794,767.44, up from CNY 777,802,804.52 in the previous period, indicating a growth of approximately 10.1%[26]. - The net cash flow from operating activities increased to CNY 39,578,426.10, compared to CNY 19,194,206.70 in the prior period, representing a growth of over 106%[26]. - The net cash flow from financing activities improved to CNY 92,538,166.34, up from CNY 49,851,331.39 in the previous period, marking an increase of about 85.5%[27]. Expenses and Liabilities - Management expenses increased by 52.39% to ¥50,573,617.13 due to higher employee compensation, depreciation, and share-based payment costs[13]. - Financial expenses decreased by 97.74% to ¥232,105.73 primarily due to reduced convertible bond interest and increased exchange gains[13]. - Income tax expenses increased by 43.38% to ¥8,223,003.11, reflecting a rise in total profit[13]. - Non-current liabilities decreased to ¥50,720,523.31 from ¥136,939,049.76, indicating a reduction of 63.0%[23]. Investments - The company has seen a significant increase in long-term equity investments, which rose by 1022.84% to ¥10,707,660.04 due to new investments in joint ventures[12]. - Long-term equity investments increased significantly to ¥10,707,660.04 from ¥953,623.76, indicating strategic investments[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,346[15]. - The largest shareholder, Zheng Licheng, holds 13.04% of shares, amounting to 16,079,112 shares, with 3,000,000 shares pledged[15]. Operational Metrics - The company reported a basic earnings per share of ¥0.1000 for Q3 2025, down 9.09% from ¥0.1100 in the same period last year[5]. - Research and development expenses increased to ¥37,858,353.97, compared to ¥29,678,893.88, reflecting a growth of 27.5%[24]. - The company has implemented a retrospective adjustment to its financial statements due to changes in accounting policies, affecting sales expenses and operating costs[6][7]. Other Financial Highlights - Other income rose by 77.95% to ¥12,685,950.43, mainly from increased government subsidies[13]. - The company's cash and cash equivalents increased to ¥39,034,075.24 from ¥34,498,201.05[21]. - Accounts receivable rose to ¥301,608,038.02 from ¥273,974,942.13, indicating improved sales performance[21]. - Inventory increased to ¥290,594,327.91 from ¥271,519,648.43, suggesting potential growth in production or sales[21]. - The company did not undergo an audit for the third quarter financial report[28].

Financial Performance - The company's revenue for Q3 2025 was ¥1,308,422,769.37, a decrease of 6.23% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥37,515,403.44, down 46.80% year-on-year[5]. - Total operating revenue for the current period is ¥3,403,928,647.66, a decrease of 9.8% from ¥3,772,305,510.95 in the previous period[17]. - Net profit for the current period is ¥54,000,189.27, a decline of 57.4% compared to ¥126,842,763.77 in the previous period[18]. - Basic earnings per share decreased by 50.00% to ¥0.06[5]. - The company reported a basic earnings per share of ¥0.13, down from ¥0.24 in the previous period[18]. - The company experienced a 57.43% decline in net profit due to reduced operating income and lower gross margins[8]. - The company recorded a total comprehensive income of ¥49,207,959.08, down from ¥126,844,725.61 in the previous period[18]. Cash Flow - The net cash flow from operating activities was -¥20,074,445.24, representing a decline of 104.75% compared to the previous year[5]. - The net cash flow from operating activities is negative at -¥20,074,445.24, contrasting with a positive ¥422,289,040.39 in the previous period[19]. - Net cash flow from investing activities was $63.97 million, a significant improvement compared to a net outflow of $498.45 million in the previous period[20]. - The net increase in cash and cash equivalents was a decrease of $48.19 million, compared to a decrease of $236.85 million in the prior year[20]. - The ending balance of cash and cash equivalents stood at $2.25 billion, down from $2.41 billion year-over-year[20]. - Cash paid for debt repayment was $10.23 million, compared to $23.04 million in the previous period[20]. - Cash dividends and interest payments totaled $123.97 million, an increase from $111.19 million year-over-year[20]. - The impact of exchange rate changes on cash and cash equivalents was a negative $3.23 million[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,745,122,497.39, an increase of 3.73% from the end of the previous year[5]. - The total assets of the company as of September 30, 2025, amounted to RMB 9,745,122,497.39, an increase from RMB 9,394,656,832.92 at the beginning of the period[14]. - Current assets increased to RMB 7,118,733,901.33 from RMB 6,864,288,606.85, reflecting a growth of approximately 3.7%[14]. - Total liabilities increased to RMB 2,749,931,347.86 from RMB 2,393,126,573.29, reflecting a growth of approximately 14.9%[15]. - The total liabilities increased to ¥2,878,919,779.17 from ¥2,512,436,548.78, marking a rise of 14.6%[16]. - Total equity attributable to shareholders decreased to ¥6,717,297,869.51 from ¥6,752,922,605.50, a decline of 0.5%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,629[10]. - The largest shareholder, Dayang Technology Group Co., Ltd., holds 46.44% of the shares, with 189,000,000 shares pledged[10]. - The company reported a total of 254,200,800 shares held by its largest shareholder, Daya Technology Group Co., Ltd.[11]. - The company has no significant changes in the shareholding structure among the top 10 shareholders, indicating stability in ownership[11]. Investment and Expenses - Investment income increased by 168.60% to ¥7,483,295.28, attributed to higher returns from financial products[8]. - Research and development expenses decreased to ¥63,902,153.71 from ¥88,541,303.19, a reduction of 27.8%[17]. - Total operating costs for the current period are ¥3,401,389,378.94, down 7.6% from ¥3,680,169,450.65 in the previous period[17]. Other Information - The company reported a significant increase in construction in progress, rising by 3,494.36% to ¥164,583,989.57 due to the expansion of the Guangxi aluminum plate project[8]. - The third quarter financial report was not audited[21]. - The company will implement new accounting standards starting in 2025[22].

证券代码：900936 证券简称：鄂资 B 股 内蒙古鄂尔多斯资源股份有限公司 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、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。 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。 内蒙古鄂尔多斯资源股份有限公司2025 年第三季度报告 证券代码：600295 证券简称：鄂尔多斯 第三季度财务报表是否经审计 □是 √否 1 / 16 内蒙古鄂尔多斯资源股份有限公司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 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 2 / 16 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 6,375,115,644 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥627,673,925.90, representing a year-on-year increase of 27.39%[5] - Net profit attributable to shareholders for Q3 2025 was ¥21,430,611.55, a significant increase of 356.47% compared to the same period last year[5] - The basic earnings per share for Q3 2025 was ¥0.09, reflecting a 350.00% increase year-on-year[5] - The company's net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was ¥21,156,436.60, up 299.22% year-on-year[5] - Total operating revenue for the current period reached ¥1,832,572,965.66, an increase of 33% compared to ¥1,378,968,158.38 in the previous period[20] - Net profit for the current period was ¥32,585,499.05, representing a 61% increase from ¥20,226,980.01 in the previous period[22] - Basic and diluted earnings per share were both ¥0.14, compared to ¥0.09 in the prior period[22] - The total comprehensive income for the current period was ¥32,585,499.05, compared to ¥20,226,980.01 in the previous period[22] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,844,927,328.45, which is a 9.33% increase from the end of the previous year[5] - The total assets of the company reached approximately ¥3.84 billion as of September 30, 2025, compared to ¥3.52 billion at the beginning of the period, reflecting an increase of about 9.1%[17] - The company's current assets totaled approximately ¥3.50 billion, up from ¥3.16 billion, indicating a growth of around 10.6%[17] - Total liabilities increased to approximately ¥2.81 billion from ¥2.49 billion, reflecting a growth of about 12.9%[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2,575,676.73 for the year-to-date, a decrease of 95.09% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥2,575,676.73, worsening from a net outflow of ¥52,420,173.82 in the previous period[22] - Cash flow from investment activities showed a net outflow of -$14.45 million in the current period, compared to -$40.41 million in the previous period, indicating an improvement[23] - Cash flow from financing activities generated a net inflow of $57.94 million, down from $141.98 million year-over-year[23] - The net cash increase for the period was $40.91 million, down from $49.15 million in the previous period[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,869[11] - The largest shareholder, Huzhou Dike Industrial Investment Co., Ltd., held a 43.28% stake in the company[11] - The number of shares held by the top ten shareholders includes significant stakes, with Huzhou Dike Industrial Investment Co., Ltd. holding approximately 97.94 million shares[14] - The company plans to release restricted shares totaling approximately 117.78 million by April 27, 2025, which may impact future share liquidity[15] - The company has a total of 134.85 million restricted shares, with a significant portion held by executives under lock-up agreements[15] Research and Development - Research and development expenses increased in Q3 2025, driven by higher investment in R&D projects[9] - Research and development expenses increased to ¥67,222,577.39, up 48% from ¥45,396,869.81 in the previous period[20] Inventory and Receivables - The company reported a significant increase in inventory, which rose to approximately ¥315.74 million from ¥244.24 million, an increase of about 29.3%[17] - Accounts receivable increased to approximately ¥2.00 billion from ¥1.94 billion, representing a rise of about 3.1%[17] Financial Reporting and Standards - The company’s financial report for Q3 was not audited, indicating a potential area for investor scrutiny[24] - The new accounting standards will be first implemented starting in 2025, which may impact future financial reporting[24]

Financial Performance - The company's operating revenue for the third quarter was CNY 1,336,844,223.40, representing a year-on-year increase of 0.19%[4] - The total profit for the quarter was CNY 121,160,524.64, a decrease of 21.34% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 110,274,533.35, down 19.86% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 97,951,875.59, a decline of 24.68% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.25, a decrease of 21.88% from the same period last year[5] - Total revenue for the first three quarters of 2025 was CNY 3,723,328,848.23, a decrease of 1.4% compared to CNY 3,776,521,369.13 in the same period of 2024[13] - Net profit for the first three quarters of 2025 was CNY 349,071,438.51, down 11.9% from CNY 396,093,184.84 in the first three quarters of 2024[13] - The company reported a gross profit margin of approximately 9.5% for the first three quarters of 2025, compared to 10.0% in the same period of 2024[13] - Basic earnings per share for the first three quarters of 2025 were CNY 0.79, down from CNY 0.90 in the same period of 2024[14] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,498,407,933.37, an increase of 11.61% compared to the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 5,498,407,933.37, an increase of 11.6% from CNY 4,926,303,065.42 at the end of 2024[13] - Total liabilities increased to CNY 2,064,627,718.11, up 25.5% from CNY 1,644,361,350.38 at the end of 2024[12] - Current assets totaled CNY 3,391,716,591.74, reflecting a rise of 7.6% from CNY 3,151,599,055.57 at the end of 2024[12] - The equity attributable to shareholders increased to CNY 3,432,374,077.81, reflecting a growth of 4.61% year-on-year[5] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 365,417,028.95, down 29.14% compared to the previous year[4] - For the first three quarters of 2025, the company reported a net cash flow from operating activities of CNY 365,417,028.95, a decrease of 29.1% compared to CNY 515,677,562.58 in the same period of 2024[15] - Total cash inflow from operating activities was CNY 4,153,117,233.82, up by 2.2% from CNY 4,062,348,515.87 year-on-year[15] - The company received CNY 3,892,031,403.59 from sales of goods and services, representing a 1.8% increase from CNY 3,823,823,621.87 in the prior year[15] - Cash paid for purchasing goods and services was CNY 2,698,216,449.69, which is a 8.2% increase from CNY 2,493,789,032.12 in the same period of 2024[15] - The ending balance of cash and cash equivalents reached CNY 846,081,602.80, an increase from CNY 769,828,321.27 at the end of the previous year[17] Investment Activities - The company experienced a net cash outflow from investing activities of CNY 206,628,823.14, contrasting with a net inflow of CNY 98,511,990.56 in the previous year[17] - The company reported a cash inflow of CNY 4,748,902,000.00 related to investment activities, down from CNY 4,921,449,600.00 in the previous year[16] - The cash outflow for acquiring fixed assets and other long-term assets was CNY 360,339,101.90, an increase from CNY 224,101,185.91 year-on-year[16] Financing Activities - Cash inflow from financing activities increased significantly to CNY 458,644,357.58, compared to CNY 181,250,948.93 in the same period last year[17] - The company’s cash flow from financing activities netted CNY 34,075,470.43, a turnaround from a net outflow of CNY 259,381,223.22 in the same period last year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,815[9] - The company’s cash and cash equivalents increased to CNY 911,969,629.53 as of September 30, 2025, compared to CNY 707,957,343.72 at the end of 2024[12] - The company’s inventory as of September 30, 2025, was CNY 887,147,811.90, up 29.2% from CNY 687,033,517.33 at the end of 2024[12] - Research and development expenses for the first three quarters of 2025 were CNY 206,979,169.32, an increase of 8.7% from CNY 190,414,694.61 in the same period of 2024[13]

Financial Performance - The company's operating revenue for Q3 2025 was ¥22,618,978.65, a decrease of 58.56% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2025 was -¥19,913,390.04, reflecting a significant decline of 303.02% year-over-year[3] - The total profit for the year-to-date period was -¥23,878,311.48, with no applicable percentage change due to the nature of the reporting[3] - Total operating revenue for the first three quarters of 2025 was CNY 132.60 million, a decrease of 11.14% from CNY 149.28 million in the same period of 2024[17] - Net profit for the first three quarters of 2025 was a loss of CNY 15.06 million, compared to a profit of CNY 6.11 million in the same period of 2024[18] Research and Development - Research and development (R&D) expenses totaled ¥13,902,841.04 for the quarter, representing an increase of 72.31% compared to the same period last year[4] - R&D expenses accounted for 61.47% of the operating revenue in Q3 2025, up by 46.69 percentage points year-over-year[4] - Research and development expenses rose significantly to CNY 30.69 million, an increase of 64.73% from CNY 18.61 million in the previous year[17] - The company is committed to advancing its "AI + embodied intelligence" strategy, which has led to increased R&D investments despite the decline in net profit[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,675,518,301.44, marking a 6.85% increase from the end of the previous year[4] - The total assets of the company were reported at ¥1,675,518,301.44, up from ¥1,568,158,790.23, marking a growth of about 6.8%[14] - The total liabilities increased to CNY 410.92 million, up from CNY 283.81 million year-over-year[15] - Total equity attributable to shareholders decreased by 1.48% to ¥1,264,302,537.88 compared to the previous year-end[4] - Total equity attributable to shareholders decreased to CNY 1,264.30 million from CNY 1,283.33 million in the previous year[15] Cash Flow - Cash inflow from operating activities was CNY 198.71 million, up 34.73% from CNY 147.43 million in the first three quarters of 2024[20] - Cash outflow from operating activities totaled CNY 252.05 million, an increase of 30.83% compared to CNY 192.69 million in the same period last year[20] - The net cash flow from operating activities was -$53.34 million, compared to -$45.26 million in the previous period[21] - Cash inflow from investment activities totaled $1.65 billion, up from $827.70 million year-over-year[21] - Cash inflow from financing activities was $116.81 million, significantly higher than $25.22 million in the prior year[21] Inventory and Receivables - The company reported a significant increase in inventory, which rose to ¥87,708,409.68 from ¥51,226,620.01, representing an increase of about 71.2%[13] - Accounts receivable rose to ¥222,926,553.89, up from ¥185,454,328.39, indicating an increase of about 20.2%[13] - Accounts payable increased to ¥138,666,018.54 from ¥104,647,209.26, showing a rise of approximately 32.5%[14] Other Information - The company received government subsidies amounting to ¥99,190.46 during the quarter, contributing to its non-operating income[6] - The company has not reported any changes in major shareholders or significant events affecting the stock during the reporting period[12] - There were no significant reminders or additional important information regarding the company's operational status during the reporting period[12] - The company reported a significant increase in tax expenses, with income tax expense rising to CNY 8.82 million from CNY 6.37 million year-over-year[18] - The company distributed dividends and interest payments totaling $8.03 million, down from $11.17 million last year[21]

Financial Performance - The company's operating revenue for Q3 2025 was approximately ¥6.35 billion, a decrease of 10.51% compared to the same period last year[4] - Total profit for the quarter was approximately ¥470.72 million, down 47.63% year-over-year[4] - Net profit attributable to shareholders was approximately ¥260.06 million, reflecting a decline of 59.57% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.062, a decrease of 60.26% year-over-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 20.47 billion, a decrease of 6.9% compared to CNY 21.99 billion in the same period of 2024[19] - Total operating costs increased to CNY 19.11 billion, up 0.9% from CNY 18.94 billion year-over-year[19] - Net profit for the first three quarters of 2025 reached CNY 3.53 billion, representing a 25% increase from CNY 2.82 billion in the previous year[20] - Operating profit improved to CNY 4.28 billion, compared to CNY 3.17 billion in the same period last year, marking a 35% increase[20] - Earnings per share (EPS) for the period was CNY 0.565, up from CNY 0.526 in the previous year[21] Assets and Liabilities - Total assets at the end of the quarter were approximately ¥58.44 billion, an increase of 2.05% from the end of the previous year[5] - Total assets amounted to CNY 58.44 billion, slightly up from CNY 57.26 billion year-over-year[17] - Total liabilities decreased to CNY 26.42 billion from CNY 26.48 billion in the previous year[17] - Shareholder equity increased to CNY 32.01 billion, compared to CNY 30.79 billion in the same period last year[17] Cash Flow - The company reported a significant decrease in cash flow from operating activities, with a total of approximately -¥3.64 billion year-to-date[4] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 13,536,075,257.76, a decrease of 6.73% compared to CNY 14,513,668,933.99 in the same period of 2024[22] - The cash outflow from operating activities totaled CNY 17,172,266,590.30, an increase of 6.43% from CNY 16,137,526,811.41 in the previous year[23] - The net cash flow from operating activities was -CNY 3,636,191,332.54, worsening from -CNY 1,623,857,877.42 in the first three quarters of 2024[23] - The total cash and cash equivalents at the end of the period were CNY 5,427,495,280.50, down from CNY 10,807,679,180.79 at the end of the previous year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 70,840[11] - The largest shareholder, China Coal Technology & Engineering Group, holds 2,298,757,109 shares, representing 55.54% of total shares[11] Investment and Development - Investment income for the year-to-date period increased by 1,598.97%, primarily due to the transfer of equity in Qin Nan Energy[9] - The company experienced a 39.51% decline in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period[9] - The company plans to focus on market expansion and new product development to improve future performance[9] - Research and development expenses rose to CNY 1.48 billion, an increase of 7.6% from CNY 1.37 billion in the previous year[20] Inventory and Receivables - Accounts receivable increased to ¥15,055,800,478.85 from ¥10,288,147,233.62, indicating a growth of approximately 46.7%[15] - Total current assets decreased to ¥34,433,913,357.87 from ¥37,795,526,472.23, a decline of about 9.4%[15] - The company reported a significant increase in inventory, rising to ¥6,768,623,848.70 from ¥5,642,298,223.04, which is an increase of about 20%[15] Cash Flow from Activities - Cash inflow from investment activities was CNY 6,022,544,984.28, significantly higher than CNY 1,028,836,214.13 in the same period last year[23] - The net cash flow from investment activities was -CNY 1,102,592,979.36, an improvement from -CNY 2,260,716,990.48 in 2024[23] - Cash inflow from financing activities was CNY 163,317,681.64, compared to CNY 28,000,000.00 in the previous year[24] - The net cash flow from financing activities was -CNY 2,395,452,058.51, worsening from -CNY 1,986,892,076.43 in the same period of 2024[24] Additional Information - The company has no significant changes in the top 10 shareholders participating in margin trading or securities lending[12] - The company has not disclosed any new strategies or future outlook in the current report[13] - There are no significant reminders or additional important information regarding the company's operational performance during the reporting period[13]

Financial Performance - The company's operating revenue for Q3 2025 was ¥8,400,564,144.83, a decrease of 12.17% compared to the same period last year[5] - Net profit attributable to shareholders was ¥132,534,538.01, down 18.83% year-over-year[5] - The basic earnings per share decreased by 18.89% to ¥0.0219 compared to the previous year[5] - Total operating revenue for the current period was ¥25,596,987,537.94, a decrease of 13.5% from ¥29,413,201,199.94 in the previous period[17] - Net profit for the current period was ¥429,376,206.53, a decline of 11.2% compared to ¥483,549,097.82 in the previous period[18] - Earnings per share (basic and diluted) increased to ¥0.0748 from ¥0.0728, reflecting a growth of 2.8%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,246,323,670.12, reflecting a decline of 5.88% from the end of the previous year[5] - Total current assets decreased from 16,365,864,775.37 yuan to 15,279,141,962.86 yuan, a decline of approximately 6.66%[14] - Total liabilities decreased from 9,794,621,477.95 yuan to 8,332,402,343.60 yuan, a reduction of about 14.93%[15] - Total liabilities decreased to ¥9,644,201,550.21 from ¥11,089,265,699.04, a reduction of 13.0%[16] - Total equity attributable to shareholders increased to ¥9,618,910,482.71 from ¥9,312,341,101.97, an increase of 3.3%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥495,137,474.46, an increase of 4.61% compared to the same period last year[5] - Cash inflow from operating activities totaled ¥33,226,139,344.86, down 13.9% from ¥38,707,091,188.69 in the previous period[19] - Cash flow from operating activities netted at approximately $495.14 million, showing a slight increase from $473.32 million year-over-year[20] - Total cash outflow from operating activities amounted to $32.73 billion, down from $38.23 billion in the previous period[20] - The company reported a decrease in cash paid for operating activities related to employee compensation, totaling approximately $678.67 million, compared to $669.99 million last year[20] Investment and Income - Investment income increased by 81.70% to ¥52,405,118.28 due to reduced discount expenses on notes and increased returns from government bonds[11] - The company reported a significant increase in investment income to ¥52,405,118.28, up from ¥28,841,503.17, representing an increase of 82.0%[18] - Cash received from investment recoveries was approximately $3.99 billion, a significant increase from $2,000,000 in the previous period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 59,393[12] - The largest shareholder, China Logistics Group Co., Ltd., holds 37.81% of shares, totaling 2,287,521,635 shares[12] - The top ten shareholders hold a combined total of 73.91% of the shares[12] Other Financial Metrics - The company received government subsidies amounting to ¥3,203,356.18 during the reporting period, contributing to its financial performance[6] - The company reported a significant increase in deferred income by 160.02% to ¥34,838,259.62, attributed to government subsidies received[9] - The company experienced a 137.52% increase in financial expenses, primarily due to a decrease in interest income[11] - Other comprehensive income after tax for the current period was ¥279,185.33, compared to ¥13,357,661.51 in the previous period[18] - The company maintained a stable capital reserve of ¥7,650,928.71, with no significant changes from the previous period[16]

Revenue and Profit - Revenue for Q3 2025 was CNY 293,535,915.29, a slight increase of 0.34% year-over-year, while year-to-date revenue reached CNY 894,177,583.60, up 10.10% compared to the same period last year [7]. - Net profit attributable to shareholders for Q3 2025 was CNY 35,612,882.64, down 32.35% year-over-year, with a year-to-date net profit of CNY 70,603,580.05, a decrease of 36.89% [7]. - Basic earnings per share for Q3 2025 was CNY 0.1817, reflecting a decline of 32.33% year-over-year, while diluted earnings per share was CNY 0.1839, down 31.28% [7]. - Total operating revenue for the current period reached ¥894,177,583.60, an increase of 10.1% compared to ¥812,138,688.70 in the previous period [23]. - Net profit for the current period was ¥73,009,554.72, down 38.4% from ¥118,654,487.76 in the previous period [23]. - Operating profit decreased to ¥82,752,981.54, a decline of 38.9% from ¥135,678,807.85 in the previous period [23]. - Basic earnings per share decreased to ¥0.3601 from ¥0.5707, a drop of 36.8% [23]. Assets and Liabilities - The company's total assets as of the end of Q3 2025 were CNY 2,967,711,974.86, a decrease of 3.09% from the end of the previous year [7]. - The company's total current assets amount to ¥1,681,309,868.37, slightly down from ¥1,686,065,351.69 at the beginning of the period [20]. - The total liabilities of the company are ¥1,342,944,624.85, a decrease from ¥1,441,833,250.31 [20]. - The total assets of the company are ¥2,967,711,974.86, down from ¥3,062,404,048.15 [20]. - The total equity attributable to shareholders was CNY 1,559,435,202.03, showing a slight increase of 0.11% compared to the end of the previous year [7]. - The total equity attributable to shareholders of the parent company increased slightly to ¥1,559,435,202.03 from ¥1,557,644,624.53 [22]. Cash Flow - Cash flow from operating activities for the year-to-date was negative CNY 80,549,410.00, indicating a significant cash outflow compared to the previous year [13]. - Cash flow from operating activities showed a net outflow of ¥80,549,410.00, worsening from a net outflow of ¥26,943,421.61 in the previous period [24]. - The net cash flow from investing activities was negative CNY 107,474,186.75, a decrease from the previous year due to reduced redemption of financial products [13]. - The company reported a decrease in cash and cash equivalents to ¥98,534,139.71 from ¥360,540,489.95, a decline of 72.6% [24]. - The company's cash and cash equivalents decreased to ¥98,751,732.63 from ¥362,787,168.40 [18]. Expenses - Research and development expenses for Q3 2025 were CNY 31,860,140.12, a decrease of 15.94% year-over-year, reflecting a strategic focus on controlling R&D personnel scale [11]. - Research and development expenses were ¥31,860,140.12, down 16.0% from ¥37,902,834.68 in the previous period [23]. - The company experienced a 1165.91% increase in financial expenses, amounting to CNY 19,833,572.29, attributed to the capitalization of convertible bond interest [11]. - The company experienced a significant increase in financial expenses, which rose to ¥19,833,572.29 from ¥1,566,745.50, primarily due to higher interest expenses [23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,694 [15]. - The largest shareholder, Tang Chongwu, holds 26.48% of shares, totaling 51,903,000 shares, with 38,927,250 shares pledged [15]. Inventory and Investments - The company’s inventory has decreased significantly to ¥8,055.79 from ¥4,614,700.10 [18]. - The company has invested ¥6,600.00 million in a partnership for equity investment projects, representing a 10.9963% stake [17]. - The company has completed the transfer of 100% equity in subsidiaries, receiving all transfer payments [16].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,244,444,572.13, representing a year-on-year increase of 9.98%[5] - Net profit attributable to shareholders for the same period was ¥334,718,653.68, a significant increase of 75.26% compared to the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.2691, reflecting a growth of 75.31% year-on-year[5] - Total operating revenue for the current period reached ¥3,392,405,946.71, an increase of 9.06% compared to ¥3,110,955,218.72 in the previous period[17] - Operating profit for the current period was ¥1,001,538,676.00, significantly up from ¥542,941,459.84, reflecting a growth of 84.36%[18] - Net profit attributable to shareholders of the parent company was ¥828,057,646.00, compared to ¥466,321,496.30 in the previous period, marking an increase of 77.54%[18] - Earnings per share (basic and diluted) improved to ¥0.6656 from ¥0.3748, representing a growth of 77.54%[19] - Total comprehensive income for the current period was ¥917,200,471.67, compared to ¥540,549,610.43 in the previous period, reflecting an increase of 69.73%[18] - Other comprehensive income after tax attributable to the parent company was ¥89,485,239.82, up from ¥73,879,694.25, an increase of 21.06%[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,990,118,468.70, marking a 3.06% increase from the end of the previous year[5] - The company's equity attributable to shareholders increased by 6.12% to ¥9,443,587,783.84 compared to the end of the previous year[5] - Current assets increased to CNY 5,778,007,965.56 from CNY 5,280,650,207.08, reflecting a growth of approximately 9.43%[15] - Cash and cash equivalents rose to CNY 3,763,061,815.20, up from CNY 3,344,970,539.93, indicating an increase of about 12.52%[15] - The company's total liabilities decreased to CNY 4,536,190,416.60 from CNY 4,664,187,672.49, a reduction of approximately 2.74%[16] - Non-current assets totaled CNY 8,212,110,503.14, down from CNY 8,293,483,670.74, showing a decline of about 0.98%[16] - Short-term borrowings decreased significantly to CNY 829,260,875.00 from CNY 1,119,822,518.76, a reduction of approximately 26.00%[16] - The company's inventory increased to CNY 762,212,141.37 from CNY 633,884,215.84, reflecting a growth of about 20.23%[15] - The total equity remained stable at CNY 6,453,928,052.10, unchanged from the previous period[16] - The company reported a decrease in accounts payable to CNY 593,962,568.41 from CNY 631,589,479.82, a decline of approximately 5.95%[16] - The long-term borrowings increased to CNY 630,862,260.60 from CNY 540,322,226.87, an increase of about 16.71%[16] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥1,452,721,513.42, showing a growth of 35.40%[5] - Cash flow from operating activities generated ¥1,452,721,513.42, up from ¥1,072,928,545.18, indicating a growth of 35.36%[20] - Investment cash inflows totaled ¥6,134,066,343.44, compared to ¥2,934,932,267.52 in the previous period, indicating a significant increase of 108.00%[20] - Net cash flow from investment activities was -82,194,934.45, a decrease from 32,229,611.30 in the previous period[21] - Cash inflow from financing activities totaled 1,816,719,210.92, compared to 866,267,105.28 previously, indicating a significant increase[21] - Cash outflow for financing activities was 2,220,866,845.87, up from 1,566,082,668.17, leading to a net cash flow from financing activities of -404,147,634.95[21] - The net increase in cash and cash equivalents was 954,607,019.75, compared to 401,250,378.71 in the prior period, showing strong cash generation[21] - The ending balance of cash and cash equivalents reached 2,942,622,089.51, up from 2,227,307,242.23[21] Other Information - The company reported a significant increase in prepayments, which rose by 188.65% to ¥63,298,470.34 due to increased advance payments for steel materials[9] - The company experienced a 94.12% decrease in contract assets, down to ¥6,617,317.68, primarily due to delivery cycle impacts[9] - The number of ordinary shareholders at the end of the reporting period was 20,418, with the largest shareholder holding 46.83% of the shares[11] - The company recorded a government subsidy of ¥1,523,656.45 during the reporting period, contributing to its financial performance[7] - The company did not have an audited financial report for the third quarter[22]