恒信东方文化股份有限公司 2025 年第三季度报告 证券代码：300081 证券简称：恒信东方 公告编号：2025-053 3.第三季度财务会计报告是否经过审计 □是 否 1 恒信东方文化股份有限公司 2025 年第三季度报告 一、主要财务数据 恒信东方文化股份有限公司 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、监事会及董事、监事、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。 （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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 74,596,184.76 | -24.87% ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥619,116,871.24, an increase of 14.66% year-over-year[5] - Total operating revenue for the current period was ¥1,547,329,893.57, a decrease of 1.5% from ¥1,566,682,485.33 in the previous period[18] - Net profit for the current period was a loss of ¥40,275,691.14, compared to a profit of ¥41,913,928.58 in the previous period[18] - The company's operating profit was a loss of ¥40,633,126.09, down from a profit of ¥51,780,453.81 in the previous period[18] - Basic and diluted earnings per share for the current period were both -0.3048, compared to 0.35 in the previous period[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥7,234,138.08, an improvement of 93.06% year-to-date[5] - Cash inflow from operating activities totaled ¥1,481,953,975.87, a decrease from ¥1,563,663,106.25 in the previous period[21] - The net cash flow from operating activities was -$7,234,138.08, an improvement from -$104,272,842.70 in the previous period[22] - Cash outflow from operating activities amounted to $1,489,188,113.95, down from $1,667,935,948.95[22] - Cash inflow from financing activities totaled ¥692,100,000.00, a 42.79% increase compared to the previous year[9] - The net cash flow from financing activities increased to $357,289,855.89 from $162,587,963.54 in the previous period[22] Assets and Liabilities - Total assets increased to ¥3,850,931,534.12, reflecting an 11.98% growth from the end of the previous year[5] - The total liabilities increased to ¥2,594,188,491.02, compared to ¥2,129,874,337.67 in the previous period[16] - The company reported a significant increase in short-term borrowings, which rose by 107.25% to ¥343,910,000.00[8] - Long-term borrowings rose to ¥663,597,184.17, up from ¥360,844,000.00 in the previous period[16] - The total equity attributable to shareholders decreased by 3.81% to ¥1,260,126,148.34[5] Investment and Expenses - The company’s investment income increased by 61.39% to ¥763,978.68, primarily due to higher returns from bank wealth management products[8] - The company invested ¥35 million in establishing an industrial fund for investment in robotics systems[12] - The company reported a decrease in research and development expenses to ¥83,918,829.73 from ¥119,103,082.63 in the previous period[18] - Total operating costs increased to ¥1,576,310,972.94, up 3.9% from ¥1,517,482,410.52 in the previous period[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,668[10] - Wang Jianhua holds 39.71% of shares, totaling 49,137,199 shares[10] - The total number of shareholders with voting rights restored for preferred shares is 0[10] Cash and Equivalents - The company's cash and cash equivalents increased to ¥782,430,025.52 from ¥583,765,608.89, representing a growth of approximately 34.1%[14] - Total cash and cash equivalents at the end of the period reached $478,098,708.50, up from $456,226,411.38[22] - Cash received from investment income was $853,969.18, compared to $473,371.23 in the previous period[22] - Cash paid for fixed assets and other long-term assets was $159,294,912.24, a decrease from $243,550,490.81[22] Asset Impairment and Write-downs - The company experienced a 94.82% increase in asset impairment losses, totaling ¥21,356,866.77, mainly due to inventory write-downs[8] - Accounts receivable decreased to ¥612,744,217.10 from ¥638,957,282.33, a decline of about 4.0%[15] - The total liabilities increased, with accounts payable at ¥685,183,053.07 compared to ¥762,494,071.93 in the previous period[15] - The company has a long-term equity investment of ¥85,000,000.00, which was not present in the previous period[15]

Financial Performance - The company's operating revenue for the third quarter was ¥674,929,119.77, a decrease of 10.30% compared to the same period last year[3] - Net profit attributable to shareholders was ¥8,404,975.29, down 84.02% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥6,681,694.32, a decrease of 86.44%[3] - Basic earnings per share were ¥0.0284, reflecting an 84.22% decline compared to the previous year[4] - Net profit for the current period was ¥82,667,365.26, down from ¥155,116,257.12, indicating a decline of about 46.8%[28] - Earnings per share decreased to ¥0.1341 from ¥0.3760, representing a decline of approximately 64.3%[29] - The total comprehensive income for the current period was ¥75,907,257.38, down from ¥160,854,082.41, indicating a decrease of about 52.8%[29] Assets and Liabilities - Total assets increased by 6.29% to ¥4,770,564,595.15 compared to the end of the previous year[4] - Total assets reached ¥4,770,564,595.15, up from ¥4,488,448,415.51, indicating an increase of approximately 6.3%[23] - The company reported a significant increase in short-term borrowings, which rose by 33.07% to ¥938,917,476.40, attributed to increased bank loans[9] - Non-current liabilities include long-term borrowings of ¥338,843,256.90, significantly up from ¥74,661,050.23[24] - The company reported a total current liabilities of ¥1,638,358,855.52, slightly down from ¥1,659,252,714.90[24] - The total liabilities increased to ¥2,049,550,978.46 from ¥1,805,991,433.90, marking an increase of approximately 13.5%[25] Cash Flow - Cash flow from operating activities for the year-to-date was ¥272,561,651.31, up 60.64% year-on-year, primarily due to increased cash receipts from sales[14] - Cash flow from operating activities generated a net amount of ¥272,561,651.31, an increase from ¥169,667,887.16 in the previous period[32] - Cash inflow from investment activities totaled $1,833,727,361.60, a decrease from $1,997,082,774.38 in the previous period[33] - Cash outflow for investment activities was $1,883,885,637.21, compared to $1,955,821,462.21 last year, resulting in a net cash flow from investment activities of -$50,158,275.61, down from $41,261,312.17[33] - Cash inflow from financing activities reached $1,285,456,922.70, significantly higher than $779,193,694.16 in the prior period[33] - Cash outflow for financing activities was $1,203,346,162.02, compared to $770,018,174.82 last year, leading to a net cash flow from financing activities of $82,110,760.68, up from $9,175,519.34[33] - The net increase in cash and cash equivalents was $300,790,129.20, compared to $213,346,972.06 in the previous period[34] - The ending balance of cash and cash equivalents stood at $1,032,237,228.41, an increase from $742,404,147.76 last year[34] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,595[16] - The largest shareholder, Fujian Wanxing Equity Investment Partnership, holds 28.67% of shares, totaling 84,744,000 shares[16] Other Financial Metrics - Financial expenses rose by 85.70% to ¥31,463,484.36, mainly due to reduced interest income and increased exchange losses[12] - The company reported a 70.04% decrease in income tax expenses to ¥6,634,806.24, reflecting a decline in profits[12] - Research and development expenses rose to ¥58,000,363.78 from ¥47,260,413.80, reflecting an increase of about 22.7%[27] - Deferred income decreased to ¥31,970,444.63 from ¥33,371,936.54, a decline of approximately 4.2%[25] - The company experienced a negative impact of -$3,724,007.18 from foreign exchange rate changes on cash and cash equivalents[34] Inventory and Receivables - Accounts receivable decreased to ¥415,315,802.58 from ¥562,453,259.56, a decline of approximately 26%[22] - Inventory increased to ¥1,470,046,997.67 from ¥1,310,229,682.21, reflecting a rise of about 12%[22] Audit Status - The third quarter financial report remains unaudited as of October 27, 2025[36]

深圳市桑达实业股份有限公司 2025 年第三季度报告 证券代码：000032 证券简称：深桑达Ａ 公告编号：2025-052 深圳市桑达实业股份有限公司 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、监事会及董事、监事、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 追溯调整或重述原因 会计政策变更 | | 本报告期 | 上年同期 | | 本报告期 比上年同 期增减 | 年初至报 告期末 | 上年同期 | | 年初至报 告期末比 上年同期 增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 调整前 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,387,565,326.51, representing an increase of 8.43% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥10,944,588.37, a decrease of 71.56% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥10,742,154.33, down 31.42% from the previous year[5]. - Total operating revenue for the current period is CNY 4,018,121,399.53, a decrease of 4.3% compared to CNY 4,198,679,134.53 in the previous period[17]. - Total operating costs decreased to CNY 3,995,055,290.74, down 4.7% from CNY 4,191,425,167.23 in the previous period[17]. - Net profit for the current period is CNY -17,922,306.58, slightly improved from CNY -18,836,659.30 in the previous period[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,506,942,553.90, an increase of 12.79% compared to the end of the previous year[5]. - Total current assets reached ¥1,979,621,494.99, up from ¥1,588,877,708.43, reflecting an increase of 24.5%[14]. - Total assets increased to ¥3,506,942,553.90 from ¥3,109,304,837.88, a growth of 12.8%[15]. - Total liabilities rose to ¥2,664,049,606.43 from ¥2,266,439,755.01, an increase of 17.5%[15]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥147,322,036.80, a significant decrease of 356.16% compared to the same period last year[5]. - Cash flow from operating activities shows a net outflow of CNY -147,322,036.80, compared to CNY -32,296,171.76 in the previous period[19]. - The cash inflow from operating activities totaled CNY 4,062,222,623.87, down from CNY 4,222,637,134.30 in the previous period[19]. - Net cash flow from investing activities was -$229,921.75, compared to $18,172,597.81 in the previous period[20]. - Cash inflow from financing activities totaled $1,975,915,377.87, significantly higher than $387,415,995.06 in the prior period[20]. - Cash outflow for financing activities was $1,684,591,053.43, compared to $353,729,756.60 previously[20]. - Net cash flow from financing activities was $291,324,324.44, up from $33,686,238.46 in the last period[20]. - The net increase in cash and cash equivalents was $142,813,160.79, compared to $20,170,903.45 previously[20]. - The ending balance of cash and cash equivalents was $286,145,517.74, down from $318,141,764.87 in the previous period[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 243,588[11]. - The largest shareholder, Guangzhou Development Zone New Industry Investment Fund Management Co., Ltd., holds 7.96% of shares, totaling 124,010,000 shares[11]. - The company holds 10,298,800 shares in the repurchase special account, accounting for 0.66% of total share capital[12]. - The company has no preferred shareholders or significant changes in major shareholders' financing activities[13]. Other Financial Metrics - The basic and diluted earnings per share were both -¥0.0071, down 73.17% year-on-year[5]. - The weighted average return on equity was -1.28%, a decrease of 0.80% compared to the previous year[5]. - The company recognized a government subsidy of ¥6,894,935.00, which was a decrease of 48.90% compared to the previous year[9]. - The inventory decreased by 69.84% to ¥107,744,860.92 due to delays in the arrival of stocked goods[9]. - Other comprehensive income after tax for the current period is CNY 17,950,171.18, up from CNY 14,726,679.19 in the previous period[18]. - The total equity attributable to shareholders of the parent company is CNY 853,174,316.23, slightly up from CNY 852,049,471.10 in the previous period[16]. - The company incurred a credit impairment loss of CNY -10,880,894.09, compared to CNY -10,489,637.10 in the previous period[18]. Accounting Standards - The third quarter financial report was not audited[21]. - The company is set to implement new accounting standards starting in 2025[22].

Revenue and Profitability - Revenue for Q3 2025 reached ¥49,616,579.13, an increase of 28.65% year-over-year, and a total of ¥197,231,641.69 for the year-to-date, reflecting a growth of 74.38%[5] - Net profit attributable to shareholders was ¥1,508,418.00, a significant increase of 123.73% compared to the same period last year, while the year-to-date net profit was a loss of ¥7,397,305.12, improving by 77.94%[5] - Basic and diluted earnings per share for the quarter were both ¥0.0097, up 123.83% year-over-year, with a year-to-date loss per share of ¥0.0474, improving by 77.95%[5] - Operating revenue for the first nine months of 2025 reached 197.23 million, an increase of 74.38% compared to 113.11 million in the same period of 2024, primarily due to increased income from engineering projects and server leasing[10] - The total operating revenue for the current period reached ¥197,231,641.69, a significant increase from ¥113,107,512.39 in the previous period, representing a growth of approximately 74.6%[18] - The net operating profit for the current period was reported at -¥12,586,195.40, an improvement from -¥39,419,878.39 in the previous period[18] - The net profit for the current period is -8,207,930.24, an improvement from -33,700,111.97 in the previous period, showing a reduction in losses[19] - The total comprehensive income for the current period is -8,207,930.24, compared to -33,700,111.97 in the previous period, indicating a reduction in overall losses[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,633,884,031.42, a decrease of 1.53% from the previous year-end[5] - The total assets as of September 30, 2025, amounted to ¥1,633,884,031.42, slightly down from ¥1,659,226,591.53 at the beginning of the period[17] - The total liabilities decreased to ¥696,644,758.15 from ¥768,107,354.09, showing a reduction of about 9.3%[16] - The total equity attributable to the parent company was ¥827,398,962.68, down from ¥834,469,111.11, a decrease of approximately 0.8%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥41,733,545.03, an increase of 61.28%[5] - Net cash flow from operating activities increased by 61.28% to 41.73 million, compared to 25.88 million in the previous year, attributed to reduced cash payments for goods and services[10] - The operating cash flow for the current period is 41,733,545.03, compared to 25,877,241.72 in the previous period, reflecting a positive cash flow trend[21] - The total cash flow from investing activities is -253,168,541.67, worsening from -52,190,761.26 in the previous period, indicating increased investment outflows[21] - The net cash flow from financing activities is 108,929,809.69, slightly up from 107,901,366.67 in the previous period, showing stable financing[22] Inventory and Investments - Inventory increased by 104.45% to ¥10,584,995.67, primarily due to an increase in contract performance costs[9] - Long-term equity investments rose by 159.96% to ¥324,950,368.00, mainly due to increased investment in Zhonghao Xinying Technology Co., Ltd.[9] - The long-term equity investments increased significantly to ¥324,950,368.00 from ¥125,000,000.00, marking a growth of 159.9%[15] - The company’s minority equity increased by 93.89% to 109.84 million, compared to 56.65 million, primarily due to the increase in paid-in capital of Hangzhou Xingluo Zhonghao Technology Co., Ltd.[10] Financial Performance Metrics - Financial expenses surged by 725.57% to 4.11 million, compared to a negative 0.66 million, primarily due to decreased interest income[10] - Investment income increased by 94.18% to 2.19 million, up from 1.13 million, mainly due to gains from debt restructuring[10] - The company reported a significant decrease in credit impairment losses, improving by 48.75% to -23.28 million, compared to -45.43 million in the previous year[10] - The company reported a credit impairment loss of -¥23,283,737.17, an improvement compared to -¥45,427,573.77 in the previous period[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,946, with the largest shareholder, Zhong Rubo, holding 30.88% of the shares[11] Cash and Cash Equivalents - The company experienced a 64.23% decrease in cash and cash equivalents, down to ¥61,365,755.61, primarily due to reduced cash flow from investment activities[9] - The cash and cash equivalents decreased to ¥61,365,755.61 from ¥171,538,123.45, reflecting a decline of approximately 64.2%[15] - The company's cash and cash equivalents decreased by 225.64% to -102.51 million, compared to an increase of 81.59 million in the previous year, primarily due to reduced net cash flow from investing activities[10] - The cash and cash equivalents at the end of the period are 43,834,392.53, down from 133,930,203.54 in the previous period, reflecting a decrease in liquidity[22] Sales Performance - The company received cash from sales of goods and services amounting to 228,246,434.08, down from 286,779,444.31 in the previous period, indicating a decline in sales revenue[21] - The company reported a total operating cash inflow of 258,977,241.54, compared to 297,600,726.44 in the previous period, showing a decrease in operational cash generation[21]

无锡帝科电子材料股份有限公司 2025 年第三季度报告 证券代码：300842 证券简称：帝科股份 公告编号：2025-071 无锡帝科电子材料股份有限公司 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、监事会及董事、监事、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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 4,383,707,184.57 | 11.76% | 12,723,649,266.82 | 10.55% | | 归属于上市公司股东 | -40,350,728.77 | -167.32% | ...

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。 海峡创新互联网股份有限公司 2025 年第三季度报告 证券代码：300300 证券简称：海峡创新 公告编号：2025-062 海峡创新互联网股份有限公司 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、监事会及董事、监事、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。 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 19,337,767.69 | 2.25% | 92,057,774.92 | 4.75% | ...

阳光电源股份有限公司 2025 年第三季度报告 证券代码：300274 证券简称：阳光电源 公告编号：2025-085 阳光电源股份有限公司 1 阳光电源股份有限公司 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 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 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） | 22,868,784,672.38 | 20.83% | 66,401 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,968,166,342.22, a decrease of 2.11% compared to ¥2,010,658,438.08 in the same period last year[4] - The total profit for the quarter increased significantly to ¥35,219,621.38, up 532.93% from ¥3,155,868.03 in the previous year[4] - The net profit attributable to shareholders was ¥16,023,941.74, compared to a loss of ¥12,268,159.87 in the same period last year[4] - The net profit for the first three quarters of 2025 was a loss of approximately ¥348.06 million, compared to a loss of ¥73.03 million in 2024, indicating a significant increase in losses[29] - The company reported an operating profit of approximately -¥303.35 million for the first three quarters of 2025, compared to -¥20.00 million in 2024[29] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.2486, compared to -¥0.0374 in 2024, reflecting a worsening financial position[30] - The net profit attributable to shareholders increased by 0.26 million CNY compared to the same period last year, mainly due to asset disposal gains of 34 million CNY from the sale of consumer electronics mobile phone refurbishment testing equipment business[14] - The net profit attributable to shareholders for the year-to-date period decreased by 279 million CNY, primarily due to an investment loss of 282 million CNY from the transfer of Changyuan Electronics equity[14] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥26,893,709.05, an improvement from -¥37,304,441.12 in the previous year[4] - The net cash flow from operating activities increased by 10 million CNY compared to the same period last year, driven by an increase in cash received from sales and a reduction in cash payments[14] - Cash flow from operating activities for the first three quarters of 2025 was approximately -¥26.89 million, an improvement from -¥37.23 million in 2024[34] - Cash inflow from operating activities totaled CNY 20,968,996,037.82, an increase from CNY 18,725,056,214.49 in the previous year[44] - Cash outflow from operating activities increased to CNY 21,332,168,550.73 from CNY 18,337,992,181.34 year-over-year[44] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,832,635,620.51, reflecting a decrease of 4.70% from the previous year[5] - The company's total assets as of September 30, 2025, were RMB 14,832,635,620.51, down from RMB 15,563,958,111.16[26] - Total liabilities decreased to RMB 10,665,449,345.34 from RMB 11,049,975,558.76[25] - The total liabilities decreased to ¥6,245,944,419.92 as of September 30, 2025, from ¥6,463,089,561.39 at the end of 2024, representing a reduction of about 3.4%[39] - The company's total current assets as of September 30, 2025, were ¥2,859,072,925.60, an increase from ¥2,541,944,359.19 at the end of 2024, representing a growth of about 12.5%[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,636[16] - The largest shareholder, Zhuhai Gree Financial Investment Management Co., Ltd., holds 171,238,247 shares, accounting for 12.98% of the total shares[17] - The company plans to implement a share repurchase program starting March 7, 2024, with a target of repurchasing up to 23,630,081 shares by September 30, 2025, representing 1.79% of total shares[18] Investment and Asset Management - The company recognized an investment loss of ¥2.82 billion from the transfer of equity in Changyuan Electronics, contributing to an overall increase in losses year-to-date[12] - The company reported a significant asset disposal gain of ¥33,531,108.68 during the quarter[8] - The company plans to focus on its core business by selling assets related to the consumer electronics mobile phone refurbishment testing equipment for USD 4.8 million (approximately RMB 34.45 million)[21] - The company approved the transfer of 100% equity of its subsidiary, Shenyang Nengbo New Energy Co., Ltd., for a consideration of 200,000 CNY on July 21, 2025[19] - The company approved the transfer of 67% equity in CYG ENERGY TECH NIGERIA CO.LTD for RMB 1, with a registered capital of 67 million Naira (approximately RMB 327,000)[20] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥2,443,181.23, compared to ¥1,581,290.30 in the same period of 2024, indicating an increase of approximately 54.5%[41] Other Financial Metrics - Non-recurring gains and losses for the current period amounted to ¥43,019,747.59, compared to -¥226,290,453.25 for the year-to-date[9] - The company incurred an asset impairment loss of approximately -¥40.01 million in the first three quarters of 2025, compared to -¥4.55 million in 2024, indicating increased financial strain[29] - The investment income for the first three quarters of 2025 was ¥514,880,520.45, a substantial increase from ¥7,172,449.90 in the first three quarters of 2024, reflecting a growth of approximately 7,086.5%[42] - Total comprehensive income for the first three quarters of 2025 was CNY 415,114,105.91, compared to a loss of CNY 137,094,017.51 in the same period of 2024[43]