Financial Performance - The company's revenue for the third quarter reached ¥378,422,853.37, an increase of 82.68% compared to the same period last year[4] - The total profit for the quarter was -¥21,922,759.93, with a year-to-date profit of ¥800,327,588.48[4] - The net profit attributable to shareholders was -¥22,216,018.94 for the quarter, while year-to-date it was ¥672,485,205.66[4] - Total operating revenue for the first three quarters of 2025 reached ¥811,989,934.63, a significant increase from ¥594,035,004.30 in the same period of 2024, representing a growth of approximately 36.7%[20] - Net profit for the first three quarters of 2025 was ¥672,485,205.66, a significant recovery from a net loss of ¥69,018,905.66 in 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥4.94, compared to a loss of ¥0.51 per share in the same period of 2024[22] Expenses and Costs - Research and development expenses totaled ¥26,060,456.06, accounting for 6.89% of revenue, a decrease of 3.97 percentage points year-on-year[5] - Total operating costs for the first three quarters of 2025 were ¥916,101,196.36, up from ¥666,888,292.43 in 2024, indicating an increase of about 37.3%[21] - The cash outflow for purchasing goods and services was CNY 879,845,488.83, up from CNY 717,982,146.89, reflecting a 22.6% increase in operational costs[25] Assets and Liabilities - Total assets increased by 18.33% year-on-year, reaching ¥3,243,198,640.21[5] - Total assets increased to ¥3,243,198,640.21 in 2025 from ¥2,740,918,851.43 in 2024, reflecting a growth of approximately 18.3%[17] - Total liabilities decreased to ¥1,012,870,167.35 in 2025 from ¥1,182,233,143.47 in 2024, indicating a reduction of about 14.3%[17] Shareholder Information - Shareholders' equity attributable to the company increased by 43.09% year-on-year, totaling ¥2,230,328,472.86[5] - Total equity attributable to shareholders increased to ¥2,230,328,472.86 in 2025 from ¥1,558,685,707.96 in 2024, representing an increase of approximately 43.1%[17] - Total shareholders' equity at the end of the reporting period was 7,973 million RMB[11] - The largest shareholder, Zhongyou Capital Management Co., Ltd., holds 66,471,076 shares, accounting for 48.88% of total shares[11] Cash Flow - The company reported a net cash flow from operating activities of -¥105,582,993.67 year-to-date[4] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity and financial stability[24] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 1,101,476,711.23, a significant increase of 57.4% compared to CNY 699,923,734.34 in the same period of 2024[25] - The net cash flow from operating activities was negative at CNY -105,582,993.67, an improvement from CNY -307,337,349.42 in the previous year, indicating a reduction in cash outflow[25] Inventory and Receivables - Inventory reached 527,688,445.87 RMB, significantly up from 287,072,157.47 RMB in the previous year[15] - Accounts receivable rose to 309,642,182.79 RMB compared to 285,535,736.39 RMB at the end of 2024[15] - The company reported a total of 1,567,084.28 RMB in notes receivable, up from 134,485.80 RMB previously[15] - Long-term receivables increased to 42,282,968.75 RMB from 23,817,372.37 RMB year-over-year[15] Strategic Focus - The increase in revenue was attributed to enhanced market development efforts and increased project acceptance during the reporting period[8] - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[24] - There are no new strategies or significant operational changes reported for the current period[13] Cash and Equivalents - The company's cash and cash equivalents amounted to 471,258,517.75 RMB as of September 30, 2025, down from 946,140,075.72 RMB at the end of 2024[15] - The total cash and cash equivalents at the end of the period stood at CNY 471,258,517.75, compared to CNY 427,365,298.76 at the end of the previous year, reflecting a slight increase[26] Foreign Exchange and Accounting - The company reported a cash outflow due to foreign exchange fluctuations amounting to CNY -153,250.54, contrasting with a positive impact of CNY 609,392.09 in the previous year[26] - The company has not adopted new accounting standards for the current reporting period, maintaining consistency in financial reporting[27]

Financial Performance - The company's operating revenue for Q3 2025 was ¥8,277,358.30, a decrease of 73.38% compared to ¥31,093,861.99 in the same period last year[4] - The total profit for the period was -¥87,396,518.78, compared to -¥42,460,443.76 in the previous year, indicating a significant loss[4] - The net profit attributable to shareholders was -¥84,775,264.48, a decline from -¥32,848,089.31 year-over-year[4] - Revenue for the current reporting period decreased by 73.38% due to fewer acceptance projects in the third quarter[8] - Year-to-date revenue decreased by 50.12% primarily due to order discontinuity and acceptance progress[8] - Total operating revenue for the first three quarters of 2025 was CNY 94,753,981.74, a decrease of 50.16% compared to CNY 189,960,863.12 in the same period of 2024[20] - Net loss for the first three quarters of 2025 was CNY 163,185,667.32, compared to a net loss of CNY 79,265,498.30 in the same period of 2024, representing a 105.06% increase in losses[21] - Total comprehensive income for the period was -163,185,667.32 RMB, compared to -79,265,498.30 RMB in the previous period, indicating a decline of approximately 106%[22] - Basic and diluted earnings per share were both -1.65 RMB, compared to -0.79 RMB in the previous period, reflecting a decrease of 109%[22] Research and Development - Research and development expenses totaled ¥18,252,901.13, representing 220.52% of operating revenue, an increase of 170.28 percentage points from the previous year[4] - Research and development expenses as a percentage of revenue increased by 170.28% compared to the same period last year[8] - Research and development expenses for the first three quarters of 2025 were CNY 46,166,066.87, a decrease of 11.67% from CNY 51,893,082.02 in 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,074,079,816.36, reflecting a 1.56% increase from the previous year's end[4] - The equity attributable to shareholders decreased by 22.58% to ¥635,116,777.26 from ¥820,308,859.58 at the end of the previous year[4] - Current assets totaled CNY 1,432,646,538.23, slightly up from CNY 1,409,044,028.39 in the previous year, indicating a 1.69% increase[16] - Total liabilities rose to CNY 1,440,032,128.73 in 2025, compared to CNY 1,216,992,123.45 in 2024, marking an increase of 18.43%[18] - The company's total assets increased to CNY 2,074,079,816.36 in 2025 from CNY 2,042,235,895.46 in 2024, reflecting a growth of 1.57%[18] Cash Flow - The company reported a net cash flow from operating activities of -¥37,023,890.56 year-to-date[4] - Cash inflows from operating activities totaled 386,743,907.04 RMB, down 11.1% from 435,137,739.34 RMB in the same period last year[24] - Net cash flow from operating activities was -37,023,890.56 RMB, an improvement from -44,106,363.50 RMB year-over-year[24] - Cash inflows from investment activities amounted to 161,326,093.93 RMB, compared to 140,012,000.00 RMB in the previous year, showing an increase of 15.2%[25] - Net cash flow from investment activities was 87,715,257.31 RMB, a significant recovery from -89,782,346.58 RMB in the previous period[25] - Cash inflows from financing activities totaled 139,070,366.87 RMB, down 23.9% from 182,779,346.59 RMB in the previous year[26] - Net cash flow from financing activities was -15,965,876.82 RMB, compared to 56,464,957.36 RMB in the previous period, indicating a decline of 128.3%[26] - The ending balance of cash and cash equivalents was 199,319,189.83 RMB, compared to 220,870,421.85 RMB at the end of the previous period, a decrease of 9.8%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,315[11] - The largest shareholder, Yang Zhiming, holds 29.77% of the shares[11] - The company’s repurchase account holds 3,461,480 shares, accounting for 3.54% of the total share capital[12] Non-Recurring Gains and Losses - Non-recurring gains and losses included a debt restructuring gain of ¥1,160,520.67 for the period[7] - The company did not identify any significant non-recurring gains or losses not listed in the relevant disclosure announcement[8] Accounting Policies - The company has adjusted its revenue recognition method for a subsidiary, impacting financial reporting accuracy[5] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[27]

广东新劲刚科技股份有限公司 2025 年第三季度报告 证券代码：300629 证券简称：新劲刚 公告编号：2025-059 广东新劲刚科技股份有限公司 1 广东新劲刚科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 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 | 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） | 107,638,492.74 | -16.49% ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥326,425,846.48, representing a year-over-year increase of 6.62%[2] - The net profit attributable to shareholders was -¥36,959,052.04, a decrease of 139.85% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,656,565.41, down 71.39% year-over-year[2] - The basic earnings per share for the period was -¥0.07, reflecting a decline of 133.33% compared to the previous year[4] - The net loss for the quarter was ¥75,746,824.00, an improvement from a net loss of ¥166,023,514.51 in the same period last year[25] - The company reported a comprehensive loss of ¥76,212,959.91, compared to a comprehensive loss of ¥165,864,074.08 in the previous year[26] - Basic and diluted earnings per share were both -¥0.13, an improvement from -¥0.26 in the same quarter last year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,565,849,070.07, a decrease of 3.96% from the end of the previous year[4] - Total assets decreased from 3,712,938,142.18 CNY to 3,565,849,070.07 CNY, a reduction of about 3.9%[19] - Total liabilities decreased to ¥2,589,345,613.72 from ¥2,660,176,289.29, a reduction of approximately 2.7%[22] - The total equity attributable to shareholders of the parent company was ¥961,758,033.92, down from ¥989,336,343.25, a decline of 2.8%[22] - Total current liabilities increased from 542,985,715.18 CNY to 551,946,032.82 CNY, an increase of approximately 1.8%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥178,576,589.84, showing a slight increase of 0.38%[2] - The company's cash flow from operating activities was ¥702,019,449.76, compared to ¥588,568,302.31 in the previous year, indicating a growth of 19.3%[28] - The net cash flow from operating activities was -178,576,589.84, compared to -179,259,922.25 in the previous period, indicating a slight improvement[29] - Cash inflow from financing activities totaled 1,021,056,505.78, up from 620,799,419.23, reflecting a significant increase of approximately 64.5%[31] - The total cash inflow from operating activities was 832,257,427.23, compared to 682,056,776.63, marking an increase of about 22%[29] - The company paid 788,102,516.33 in debt repayments, up from 569,431,125.10, reflecting an increase of approximately 38.5%[31] Shareholder Information - Total number of common shareholders at the end of the reporting period is 141,886[12] - The largest shareholder, Sun Yingtong, holds 2.65% of shares, amounting to 15,453,300 shares, with 10,660,000 shares pledged[12] - The total number of restricted shares at the end of the period is 16,799,300, with no new restrictions added during the period[16] - The company has no significant changes in the top 10 shareholders' equity structure, maintaining stability in ownership[13] Operational Metrics - The company reported a significant increase in accounts receivable by 31.64% due to higher operating revenue and adjustments in credit policy[8] - Accounts receivable increased from 247,573,865.83 CNY to 325,914,944.36 CNY, representing a growth of about 31.6%[19] - Inventory rose from 620,956,648.10 CNY to 649,036,575.55 CNY, an increase of approximately 4.5%[19] - The company has ongoing research and development efforts, with development expenditures rising from 132,448,716.72 CNY to 145,283,941.29 CNY, an increase of about 9.6%[19] - Research and development expenses for the quarter were ¥120,082,095.02, a decrease from ¥137,328,616.63, reflecting a reduction of 12.6%[24] Revenue and Costs - Total operating revenue for the third quarter reached ¥958,315,046.75, an increase of 16.7% compared to ¥820,993,676.20 in the previous period[24] - Total operating costs amounted to ¥1,057,960,675.97, up from ¥1,002,052,036.91, reflecting a rise of 5.5%[24] - The company experienced a 16.73% increase in operating revenue year-to-date, with a corresponding 16.89% increase in gross profit compared to the previous year[10]

Financial Performance - The company's revenue for Q3 2025 was ¥254,375,650.77, a decrease of 19.19% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥10,645,886.06, down 55.04% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was -¥2,986,099.93, a decline of 116.93% compared to the previous year[5]. - Total operating revenue for the current period was ¥794,608,493.08, a decrease of 14.2% compared to ¥926,396,078.68 in the previous period[24]. - Operating profit for the current period was ¥39,855,292.07, down 43.4% from ¥70,357,570.90 in the previous period[24]. - The total profit for the period was 50,111,908.60, a decrease from 69,789,966.29 in the previous period, representing a decline of approximately 28.3%[25]. - The net profit attributable to shareholders of the parent company was 47,620,142.69, down from 65,644,826.96, indicating a decrease of about 27.5%[25]. - The company reported a basic and diluted earnings per share of 0.4830, down from 0.6664 in the previous period, representing a decline of approximately 27.5%[25]. - The total comprehensive income for the period was 45,093,980.90, compared to 64,487,153.65 in the previous period, indicating a decrease of about 30.2%[25]. Assets and Liabilities - Total assets increased by 19.10% to ¥2,735,248,097.82 compared to the end of the previous year[5]. - Current assets totaled ¥1,895,043,947.98, an increase of 4.4% from ¥1,814,768,796.48 at the beginning of the period[21]. - Non-current assets increased significantly to ¥840,204,149.84 from ¥481,816,996.73, marking a growth of 74.5%[22]. - Total liabilities increased to ¥1,462,606,962.19, a rise of 38.1% from ¥1,058,349,648.82[22]. - Shareholders' equity attributable to the parent company rose to ¥1,272,375,825.44, an increase of 2.7% from ¥1,237,236,202.68[22]. Cash Flow - Cash flow from operating activities was -¥217,008,249.14, a decrease of 128.94% year-on-year[12]. - The operating cash flow for the period was -217,008,249.14, compared to -94,789,029.23 in the previous period, reflecting a worsening cash flow situation[27]. - The company received cash from operating activities totaling 2,371,797,653.88, a decrease of 19.9% from 2,964,084,607.46 in the previous period[27]. - Cash and cash equivalents decreased to ¥256,822,393.82 from ¥402,328,361.02, a decline of 36.2%[21]. - Cash and cash equivalents at the end of the period were 186,183,770.52, down from 224,265,417.55, a decrease of approximately 16.9%[28]. - The net cash flow from financing activities increased by 495.33% to ¥334,984,364.58, mainly due to new borrowings[12]. - The net cash flow from financing activities was 334,984,364.58, an increase from 56,269,148.62 in the previous period, showing a significant improvement[28]. Shareholder Information - Major shareholder Yang Xinghai holds 35.00% of shares, with 15,640,000 shares pledged[15]. - Major shareholder Yang Xingrong holds 1.73% of shares, with 910,000 shares pledged[15]. - The company has a total of 37,470,000 restricted shares, with no changes in the current period[17]. - The company has a total of 2,012,068 unrestricted shares held by Shenzhen Rongyan Innovation Equity Investment Partnership[15]. - The company has a total of 1,883,300 unrestricted shares held by Beijing Junsheng Taishi Equity Investment Center[15]. - The company has a total of 1,052,900 unrestricted shares held by Dazi Rongyan Investment Management Co., Ltd.[15]. - The company has a total of 809,800 unrestricted shares held by Shenzhen Rongyan Stable Equity Investment Partnership[15]. - The company has a total of 752,000 unrestricted shares held by Kunming Tengtong Technology Co., Ltd.[15]. Investments and Projects - The company won a bid for the "Intelligent Supervision and Law Enforcement System for Highway Bridges in Liaoning Province" project, with a contract value of CNY 1,064,897,688.80, valid for 5 years[18]. - The company approved an investment to acquire a 13% stake in Guizhou Qiantong Zhiliang Technology Co., Ltd. for CNY 112,999,578.83, which will not be consolidated into the company's financial statements[19]. Expenses - The company incurred operating expenses of 2,588,805,903.02, down from 3,058,873,636.69, reflecting a reduction of approximately 15.4%[27]. - The inventory increased by 63.37% to ¥65,882,765.43 due to higher procurement[9]. - The company experienced a 53.09% increase in financial expenses, totaling ¥15,059,819.51, primarily due to increased interest expenses from borrowings[11].

厦门瑞尔特卫浴科技股份有限公司 2025 年第三季度报告 厦门瑞尔特卫浴科技股份有限公司 证券代码：002790 证券简称：瑞尔特 公告编号：2025-033 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 1 厦门瑞尔特卫浴科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 （二） 非经常性损益项目和金额 适用 □不适用 单位：元 项目 本报告期金额 年初至报告期期末金额 说明 非流动性资产处置损益（包 括已计提资产减值准备的冲 销部分） 831,222.37 1,024,638.72 计入当期损益的政府补助 （与公司 ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥328,099,938.10, an increase of 37.94% compared to the same period last year[5] - Net profit attributable to shareholders was ¥36,460,651.78, up 4.58% year-on-year, while net profit after deducting non-recurring gains and losses was ¥36,259,551.79, an increase of 5.63%[5] - The company reported a 25.96% increase in total revenue for the first nine months of 2025, totaling ¥899,437,357.62, driven by increased sales[8] - Total operating revenue for the current period reached ¥899,437,357.62, an increase of 26% compared to ¥714,047,674.93 in the previous period[19] - Net profit for the current period was ¥102,704,520.95, a decrease of 6% from ¥109,981,156.34 in the previous period[20] - Basic and diluted earnings per share were both ¥3.1874, down from ¥3.6660 in the previous period[20] - The basic earnings per share for Q3 2025 was ¥0.9944, reflecting a decrease of 14.44% compared to the same period last year[5] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥2,442,226,205.28, representing a 62.09% increase from the end of the previous year[5] - Total assets increased to ¥2,442,226,205.28, compared to ¥1,506,755,252.24 in the previous period, reflecting a growth of 62%[17] - Total liabilities rose to ¥768,261,785.46, up from ¥708,334,430.17 in the previous period, indicating an 8% increase[17] - The company's equity attributable to shareholders increased by 109.66% to ¥1,673,964,419.82, primarily due to funds raised from the IPO in July 2025[8] - Shareholders' equity increased significantly to ¥1,673,964,419.82, compared to ¥798,420,822.07 in the previous period, representing a growth of 109%[17] Cash Flow - Operating cash flow net amount for the year-to-date was ¥4,530,581.85, a significant decrease of 92.17% compared to the same period last year[9] - Net cash flow from operating activities decreased to $4.53 million, down from $57.83 million year-over-year[23] - Cash inflow from operating activities totaled $767.29 million, an increase from $735.18 million year-over-year[23] - Cash outflow from operating activities was $762.76 million, compared to $677.35 million in the previous year[23] - Cash inflow from financing activities reached $814.53 million, a substantial increase from $71.79 million in the previous year[24] - Net cash flow from financing activities improved to $795.75 million, compared to a negative $118.67 million last year[24] - The net cash flow from financing activities was ¥795,750,068.52, a dramatic increase due to funds raised from the IPO[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,851[10] - The largest shareholder, Zhang Chi, holds 29.99% of shares, totaling 11,997,300 shares[10] Financial Expenses and Investments - Financial expenses rose by 134.20% to ¥3,528,412.79, attributed to the capitalization of interest expenses related to fixed asset conversion[8] - The company reported a financial expense of ¥3,528,412.79, which increased from ¥1,506,579.21 in the previous period[19] - Cash inflow from investment activities was $63.12 million, significantly higher than $30.11 million in the previous year[23] - Cash outflow from investment activities increased to $427.98 million, compared to $164.00 million last year[23] - Net cash flow from investment activities was -$364.86 million, worsening from -$133.89 million year-over-year[23] Other Financial Metrics - The company experienced a 119.68% increase in receivables financing, totaling ¥178,549,400.69, mainly due to an increase in bank acceptance bills[8] - Accounts receivable rose to RMB 348.06 million, up from RMB 264.53 million, indicating a 31.5% increase[15] - Inventory increased to RMB 114.70 million from RMB 95.29 million, reflecting a growth of 20.4%[15] - The total current assets reached RMB 1.73 billion, compared to RMB 769.39 million at the beginning of the period, marking a significant increase of 124.5%[15] - The company’s fixed assets slightly decreased to RMB 538.43 million from RMB 538.52 million[15] - Research and development expenses for the current period were ¥18,986,744.69, slightly up from ¥18,853,923.56 in the previous period[19] IPO and Future Plans - The company raised a total of RMB 84 million from its initial public offering, with a net amount of RMB 76.04 million after deducting issuance costs[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] Audit Status - The third quarter financial report was not audited[25]

证券代码：002003 证券简称：伟星股份 公告编号：2025-054 浙江伟星实业发展股份有限公司 2025 年第三季度报告 浙江伟星实业发展股份有限公司（以下简称"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、公司负责人蔡礼永先生、主管会计工作负责人沈利勇先生及会计机构负责人林娜女 士声明：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 年同期增减 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 1,294,801,227.16 | 0.86% | 3,632,509,961.30 | 1.46% | | 归属于上市公司股 ...

Financial Performance - The company's revenue for Q3 2025 was ¥105,830,181.37, representing a decrease of 2.36% compared to the same period last year[4] - The net profit attributable to shareholders was -¥34,023,945.83, an increase in loss of 28.61% year-over-year[4] - The basic earnings per share were -¥0.16, which is a decline of 30.43% compared to the same period last year[4] - The total operating revenue for the current period was ¥368,701,809.12, a decrease of approximately 18.4% compared to ¥451,903,210.30 in the previous period[31] - The company reported a net loss of ¥249,577,746.38 in retained earnings, compared to a loss of ¥186,855,010.32 in the previous period[29] - The net profit for the current period is -63,396,111.64, compared to -78,658,911.79 in the previous period, showing an improvement of approximately 19.4%[32] - Operating profit for the current period is -62,336,024.91, which is an improvement from -76,113,123.80 in the previous period, reflecting a 18.1% increase[32] - The company reported a total comprehensive loss of -63,396,111.64 for the current period, compared to -78,658,911.79 in the previous period, marking a 19.4% improvement[33] - Basic and diluted earnings per share for the current period are both -0.30, compared to -0.37 in the previous period, indicating a 19% improvement[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,079,397,840.04, reflecting a growth of 5.80% from the end of the previous year[4] - As of September 30, 2025, the total assets amounted to ¥1,079,397,840.04, an increase from ¥1,020,258,542.11 at the beginning of the period[26] - The company’s total liabilities increased to ¥433,861,260.47 from ¥310,398,330.00, indicating a rise in financial obligations[28] - The company’s cash and cash equivalents increased to ¥608,894,160.48 from ¥521,809,861.55, representing a growth of approximately 16.7%[26] - Total cash and cash equivalents at the end of the period is 478,730,208.19, down from 508,377,089.59 in the previous period, a decrease of approximately 5.5%[37] Cash Flow - The cash flow from operating activities showed a net outflow of -¥42,993,990.33, marking a 7.39% increase in cash outflow year-to-date[4] - Cash flow from operating activities shows a net outflow of -42,993,990.33, slightly better than the previous period's outflow of -46,425,263.49, indicating a 9.2% improvement[36] - The company received 379,903,070.83 in cash from sales of goods and services, down 19.4% from 471,284,595.55 in the previous period[35] - Cash inflow from financing activities for the current period is 229,415,843.71, significantly higher than 61,550,000.00 in the previous period, reflecting a 272.5% increase[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,197[15] - The company’s major shareholders include Cao Zhang with 14.35% (30,562,419 shares) and Shenzhen New Chuangyuan Investment Partnership with 13.03% (27,764,410 shares) [16] - The company’s major shareholders include Yu Zhongxing holding 0.87% (1,842,600 shares) and Yang Dechun holding 0.66% (1,398,400 shares) [16] - The transfer of shares from Cao Zhang and Wang Jianqing to Shenzhen New Chuangyuan Investment Partnership was completed, resulting in a total transfer of 27,764,410 shares, representing 13.03% of the total share capital [17] - The completion of the share transfer has established Shenzhen New Chuangyuan Investment Partnership as the controlling shareholder of the company [18] - The company has not identified any other relationships or concerted actions among its shareholders [17] Stock Option Incentive Plan - The company initiated a stock option incentive plan in May 2023, which was approved by the board and independent directors [19] - The first grant under the stock option incentive plan involved 7,618,171 options granted to 66 individuals, with an exercise price of RMB 14.50 per share [21] - The stock option incentive plan was publicly announced and no objections were raised by employees during the public notice period [20] - The company completed the stock option incentive plan with a reserved grant of 150,000 options for 3 individuals, with an exercise price of ¥14.50 per share[23] - The company plans to cancel a total of 3,499,720 stock options due to performance assessment failures and departures of 12 individuals[25] - The company’s stock options were registered and confirmed by the Shenzhen Stock Exchange and the China Securities Depository and Clearing Corporation [21] Borrowings and Expenses - The company reported a significant increase in short-term borrowings, rising by 281.27% to ¥228,488,937.04 due to increased bank loans[9] - The company’s short-term borrowings rose significantly to ¥228,488,937.04 from ¥59,928,500.00, indicating a substantial increase in leverage[27] - The company incurred interest expenses of 2,432,574.03, down from 7,786,213.67 in the previous period, a reduction of approximately 68.8%[32] - The company experienced a substantial decrease in tax and additional fees, down 87.72% to ¥569,605.79, primarily due to reduced value-added tax[11] - Other income decreased by 92.42% to ¥177,336.81, mainly due to a reduction in government subsidies received[12] - The total operating costs for the current period were ¥442,986,617.74, down from ¥531,578,263.99 in the previous period, reflecting a reduction of about 16.7%[31] - The company generated 87,923.38 in investment income during the current period, compared to no investment income in the previous period[37]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,848,189,255.06, representing a 42.87% increase year-over-year[5] - Net profit attributable to shareholders was ¥70,567,969.95, up 48.26% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥63,622,217.48, reflecting a 64.76% increase year-over-year[5] - The company's basic earnings per share for the period was ¥0.1536, an increase of 48.12% compared to the same period last year[5] - Total operating revenue for the current period reached ¥5,147,642,334.15, a significant increase from ¥3,694,282,198.21 in the previous period, representing a growth of approximately 39.4%[20] - Net profit for the current period was ¥229,588,633.97, compared to ¥154,917,008.36 in the previous period, reflecting a growth of approximately 48.0%[21] - The total comprehensive income for the current period was ¥283,207,509.33, compared to ¥148,394,226.94 in the previous period, indicating a growth of approximately 90.5%[21] - The total comprehensive income attributable to the parent company's owners for the current period is ¥283,314,102.85, compared to ¥145,407,115.57 in the previous period, representing an increase of approximately 94.8%[22] - Basic earnings per share for the current period is ¥0.4983, up from ¥0.3309 in the previous period, reflecting a growth of about 50.6%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,194,407,038.57, a 5.49% increase from the end of the previous year[5] - The company's total assets increased to ¥13,194,407,038.57 from ¥12,508,126,864.97, marking a rise of about 5.5%[19] - The total liabilities rose to ¥2,779,194,111.54 from ¥2,409,544,162.25, which is an increase of approximately 15.3%[19] - The total equity attributable to shareholders of the parent company increased to ¥10,072,848,227.52 from ¥9,773,332,362.83, representing a growth of about 3.1%[19] Cash Flow - The cash flow from operating activities showed a net amount of ¥401,142,117.71, which is a decrease of 13.70% year-to-date[5] - Cash inflow from operating activities for the current period is ¥7,858,082,945.00, compared to ¥4,469,723,610.64 in the previous period, indicating an increase of approximately 76.8%[22] - Cash outflow from operating activities for the current period is ¥7,456,940,827.29, up from ¥4,004,903,268.89 in the previous period, which is an increase of about 86.5%[22] - Net cash flow from operating activities for the current period is ¥401,142,117.71, down from ¥464,820,341.75 in the previous period, showing a decrease of approximately 13.6%[22] - Net cash flow from investing activities for the current period is -¥838,480,643.49, an improvement from -¥1,671,952,070.32 in the previous period, indicating a reduction in cash outflow by about 49.9%[23] - Cash and cash equivalents at the end of the period amount to ¥2,689,977,661.12, down from ¥3,210,644,015.33 in the previous period, reflecting a decrease of approximately 16.2%[23] - The company received cash from investment activities totaling ¥12,444,010,793.98, compared to ¥8,511,803,403.97 in the previous period, marking an increase of about 46.5%[23] - Cash outflow for the acquisition of fixed assets and other long-term assets is ¥798,435,147.88, compared to ¥697,556,558.05 in the previous period, representing an increase of approximately 14.5%[23] - The company’s net cash flow from financing activities for the current period is -¥64,187,715.27, an improvement from -¥209,928,458.95 in the previous period, indicating a reduction in cash outflow by about 69.4%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 101,163[12] - Zhao Hongfei holds 26.58% of shares, totaling 122,351,063 shares, with 9,440,000 shares pledged[12] - The total number of shareholders with restricted shares remains unchanged at 91,763,297 for Zhao Hongfei[15] - The company has no preferred shareholders or changes in restricted shares during the reporting period[14] - There are no significant changes in the top 10 shareholders or their participation in margin trading[13] Inventory and Expenditures - Inventory increased by 58.97% to ¥1,351,935,254.09, primarily due to growth in raw material purchases and contract performance costs[10] - The company's development expenditure surged by 159.23% to ¥497,202,214.61, mainly due to increased investment in self-developed software[10] - Research and development expenses for the current period were ¥862,014,703.63, compared to ¥784,341,617.98 in the previous period, indicating an increase of approximately 9.9%[20] - Inventory rose significantly from ¥850,443,993.68 to ¥1,351,935,254.09, marking an increase of approximately 59.06%[17] - Accounts receivable increased slightly from ¥2,399,436,351.05 to ¥2,430,365,941.37, reflecting a growth of about 1.29%[17] - Non-current assets include long-term equity investments of ¥12,372,366.07, down from ¥15,360,623.67, a decrease of about 19.36%[17] - The total current assets increased from ¥7,032,623,355.55 to ¥7,178,844,589.82, an increase of approximately 2.08%[17] - Deferred income tax assets rose to ¥35,368,191.52 from ¥21,346,168.71, reflecting an increase of about 65.8%[19] - The company reported a total of ¥606,887,895.58 in goodwill, up from ¥530,389,243.25, which is an increase of approximately 14.4%[19]