Financial Performance - The company's operating revenue for Q3 2025 reached ¥722,073,052.67, representing a year-on-year increase of 14.26%[4] - The net profit attributable to shareholders was ¥30,490,123.89, up 38.90% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥29,030,476.32, reflecting a 37.91% increase year-on-year[4] - The basic earnings per share increased by 50.00% to ¥0.06, while diluted earnings per share also rose by 50.00% to ¥0.06[4] - Total operating revenue for the current period reached ¥2,072,383,856.52, an increase of 8.26% compared to ¥1,914,249,766.10 in the previous period[16] - Net profit for the current period was ¥130,824,321.62, representing a growth of 23.59% from ¥105,855,750.59 in the previous period[17] - Basic and diluted earnings per share increased to ¥0.23, compared to ¥0.20 in the prior period[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,707,491,108.18, a 6.32% increase from the end of the previous year[4] - The total assets of the company as of September 30, 2025, amounted to CNY 5,707,491,108.18, an increase from CNY 5,368,380,530.67 at the beginning of the period[12][14][15] - Current assets totaled CNY 4,540,579,961.35, up from CNY 4,183,790,964.12 at the start of the period, reflecting a growth of approximately 8.55%[13] - Total liabilities increased to CNY 2,913,333,080.29 from CNY 2,674,638,802.93, marking a growth of around 8.91%[14] - The company's equity attributable to shareholders reached CNY 2,742,147,294.95, up from CNY 2,647,455,744.67, reflecting an increase of about 3.57%[15] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥104,011,482.33, a significant increase of 283.82%[4] - Cash flow from operating activities generated a net amount of ¥104,011,482.33, a significant recovery from a negative cash flow of ¥56,583,562.95 in the previous period[19] - Cash and cash equivalents at the end of the period totaled ¥833,330,103.52, compared to ¥476,664,529.78 at the end of the previous period[19] - The cash and cash equivalents at the end of the period were CNY 833,330,103.52, slightly down from CNY 837,632,592.48[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,382, with no preferred shareholders[9] - The largest shareholder, China Railway Wuhan Bureau Group Co., Ltd., holds a 60.00% stake in the company[9] Expenses and Financial Changes - The company reported a significant increase in financial expenses, which rose by 47.66% to ¥3,785,258.10 due to higher interest costs[7] - Research and development expenses increased to ¥56,971,689.46, up from ¥52,958,764.65 in the previous period[16] - The company reported a decrease in credit impairment losses to -¥8,447,666.82 from -¥127,897.46 in the previous period[17] Other Information - The third quarter financial report of Golden Eagle Heavy Engineering Machinery Co., Ltd. has not been audited[20] - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[20] - The board of directors announced the financial report on October 28, 2025[20]

Financial Performance - The company's revenue for Q3 2025 was ¥204,859,248.25, a decrease of 34.93% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥21,506,258.12, down 70.29% year-on-year[4]. - Basic earnings per share were ¥0.1075, reflecting a decrease of 70.30% year-on-year[4]. - Total operating revenue decreased to ¥584,399,486.12 from ¥823,191,153.18, representing a decline of approximately 29% year-over-year[19]. - Net profit for the period was ¥75,122,782.29, down from ¥159,207,708.09, indicating a decline of approximately 53% year-over-year[20]. - Basic and diluted earnings per share decreased to ¥0.3756 from ¥0.796, reflecting a decline of about 53% year-over-year[21]. - The net cash flow from operating activities was ¥51,778,143.67, a decline of 66.98% compared to the previous year[4]. - Cash inflow from operating activities totaled ¥692,379,669.14, down from ¥730,926,933.01, a decrease of approximately 5% year-over-year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,461,143,606.68, a slight decrease of 0.01% from the end of the previous year[4]. - Current assets decreased to RMB 768,983,942.98 from RMB 807,323,954.42, with cash and cash equivalents at RMB 442,454,829.95, down from RMB 529,738,244.61[16]. - Total liabilities decreased to ¥404,448,899.61 from ¥419,625,527.27, a reduction of about 4% year-over-year[18]. - Current liabilities totaled ¥398,847,728.93, down from ¥413,508,666.66, indicating a decrease of approximately 4% year-over-year[18]. - Non-current liabilities decreased to ¥5,601,170.68 from ¥6,116,860.61, a decline of about 8% year-over-year[18]. - Total equity attributable to shareholders increased to ¥1,056,694,707.07 from ¥1,041,593,161.07, reflecting a growth of approximately 1.4% year-over-year[18]. Cash Flow - The net cash flow from investing activities was negative at ¥81,134,109.94, a significant increase of 329.08% compared to the previous year, mainly due to the purchase of large-denomination certificates of deposit[9]. - Total cash outflow from operating activities amounted to $640,601,525.47, up from $574,134,994.56, indicating an increase of approximately 11.5%[24]. - The net cash flow from investment activities was -$81,134,109.94, worsening from -$18,908,814.21 in the previous period[24]. - The net cash flow from financing activities was -$62,325,386.65, compared to -$39,320,323.91, indicating a decline of 58.5%[25]. - The cash and cash equivalents at the end of the period were $430,129,702.16, down from $465,050,779.19, a decrease of approximately 7.5%[25]. Inventory and Receivables - The company reported a significant increase in accounts receivable financing by 162.18% to ¥314,620.50 due to an increase in bank acceptance bills received[8]. - Inventory increased by 59.83% to ¥115,185,263.58, primarily due to goods dispatched but not yet received[8]. - Accounts receivable fell to RMB 165,961,767.12 from RMB 188,207,647.33, indicating a reduction of approximately 11.76%[16]. - Inventory increased significantly to RMB 115,185,263.58 from RMB 72,068,002.52, representing an increase of about 60%[16]. Contracts and Projects - The company won a bid for a project with China Southern Power Grid, amounting to approximately RMB 160.57 million[13]. - The company also secured a contract with State Grid Corporation for approximately RMB 106.60 million[14]. - The company is actively participating in significant procurement projects, indicating a strategy for market expansion and revenue growth[13][14]. Other Financial Metrics - The company experienced a 73.49% decrease in taxes payable, amounting to ¥3,894,919.02, due to the payment of corporate income tax[8]. - Other comprehensive income after tax decreased to -¥21,236.29 from -¥109,612.65, indicating an improvement in losses[20]. - The company's cash flow management appears to be a focus, with a notable decrease in cash reserves[16]. Audit Status - The third quarter financial report was not audited[26].

Financial Performance - The company's operating revenue for Q3 2025 was ¥100,445,210.23, representing a decrease of 1.97% compared to the same period last year[5] - The net profit attributable to shareholders was -¥83,494,508.46, a significant decline of 566.49% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥88,655,148.99, down 834.63% from the previous year[5] - The net profit for the current period is -53,521,791.79, compared to a profit of 65,446,579.46 in the previous period, indicating a significant decline[25] - Operating profit for the current period is -42,533,744.96, down from 78,640,550.02 in the previous period[25] - The company reported a total comprehensive loss of -53,521,791.79 for the current period, compared to a comprehensive income of 65,446,579.46 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,399,532,273.08, a decrease of 3.34% from the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 49,091,596.87 from CNY 295,179,331.27, representing a decline of 83.42%[20] - Total liabilities increased to CNY 258,354,065.39 from CNY 228,880,540.24, an increase of 12.87%[22] - The company's equity attributable to shareholders decreased to CNY 2,132,288,193.82 from CNY 2,246,597,316.84, a decrease of 5.08%[22] - Non-current assets decreased to CNY 940,317,332.02 from CNY 1,058,892,323.48, a decline of 11.16%[20] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥48,009,972.24, down 43.72% compared to the same period last year[5] - The net cash flow from operating activities is 48,009,972.24, a decrease from 85,301,119.49 in the previous period[26] - Cash received from borrowings increased significantly by 914.16% to ¥111,557,740 from ¥11,000,000, reflecting an increase in bank loans[13] - Cash used for debt repayment surged by 22,735.75% to ¥45,671,492 from ¥200,000, mainly due to increased bank loan repayments[13] - Investment activities resulted in a net cash outflow of -123,932,844.26, compared to -405,944,489.34 in the previous period[27] Expenses and Costs - The company reported a significant increase in financial expenses, totaling ¥499,615.92, an increase of 118.10% due to higher bank loan interest payments[11] - Investment income decreased by 31.95% to ¥18,893,562.47, primarily due to reduced interest from financial products[11] - Total operating costs amounted to CNY 245,520,282.82, down 7.66% from CNY 265,917,172.26 in the previous period[24] Shareholder Information - The total number of shareholders holding ordinary shares is significant, with the largest shareholder holding 25.02% of the shares[16] Development and Strategy - The company has increased its development expenditure by 100% to ¥2,100,000.00, reflecting investment in new product development[10] - The company plans to continue focusing on market expansion and new product development strategies[19] Other Financial Metrics - Basic and diluted earnings per share for the current period are both -0.53, compared to 0.66 in the previous period[26] - The company did not undergo an audit for the third quarter financial report[28]

Financial Performance - The company's revenue for Q3 2025 reached ¥298,288,289.32, representing a 37.21% increase year-over-year[5] - Net profit attributable to shareholders was ¥9,429,283.45, up 20.32% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥9,429,861.64, reflecting a 9.71% increase year-over-year[5] - The basic earnings per share (EPS) for the period was ¥0.07, a 16.67% increase from the previous year[5] - Operating revenue for the first nine months of 2025 reached ¥838,841,878.90, a 41.45% increase compared to ¥593,040,961.42 in the same period of 2024[13] - Operating profit surged to ¥39,509,497.79, reflecting a 204.16% increase from ¥12,989,721.76 in the previous year, driven by rapid growth in the new energy business[14] - Net profit for the first nine months of 2025 was ¥32,955,739.71, a significant increase of 279.50% from ¥8,683,906.89 in 2024[14] - Total profit for the first nine months of 2025 was ¥37,962,288.28, up 202.33% from ¥12,556,408.81 in the same period last year[14] Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was ¥41,358,607.13, showing a significant increase of 93.13%[5] - The company's cash and cash equivalents increased by 59.01% to ¥196,516,380.56, attributed to cash inflows from operations and new bank loans[11] - The net increase in cash and cash equivalents was ¥79,491,717.99, a remarkable increase of 9223.99% compared to a decrease of ¥871,238.54 in the previous year[16] - The company's total assets at the end of the reporting period were ¥1,227,411,189.06, a decrease of 1.48% from the end of the previous year[5] - The company’s cash and cash equivalents increased to RMB 196,516,380.56 from RMB 123,588,136.42, representing a growth of 58.8%[34] Liabilities and Financial Expenses - The company’s long-term borrowings decreased by 38.02% to ¥9,700,000.00, primarily due to repayments[11] - Financial expenses rose by 98.85% to ¥10,051,303.78, primarily due to increased bank loan interest and higher discount interest on notes[13] - The company’s total liabilities decreased to RMB 556,223,871.64 from RMB 582,515,237.29, a reduction of 4.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,420, with the largest shareholder holding 17.48% of the shares[17] - The controlling shareholder and actual controller have pledged a total of 14,340,000 shares, accounting for 11.34% of the company's total share capital of 126,431,804 shares[26] - The former major shareholder, Sanya Rongshengye Fund, reduced its holdings by 178,500 shares, representing 0.14118% of the total share capital[28] Business Operations and Strategy - The company’s main business focuses on the research, production, and sales of polymer materials and thermal management systems, covering sectors such as communication, power, traditional home appliances, automotive, new energy vehicles, and data centers[22] - The company has achieved revenue and profit growth by focusing on the development of thermal management solutions and products in the new energy vehicle and artificial intelligence sectors[22] - The company has successfully completed customer technical certification for European-style guide groove process products, entering mass delivery phase in Q3 2025, leading to rapid revenue growth[23] - The company has strengthened its cooperation with major clients like CATL and expanded its market reach to international clients such as BMW, LG, and Samsung[23] - The company has adopted a dual-driven production model through collaborative manufacturing and independent production and sales in the data center thermal management sector[23] - The company is committed to creating more value for its core customer base by leveraging its existing advantages in polymer materials technology and products[22] Corporate Governance - The company held a shareholder meeting on July 29, 2025, to approve amendments to its articles of association, eliminating the supervisory board and empowering the audit committee of the board of directors[25] - The company has completed the registration and filing procedures for the changes in corporate governance structure during the reporting period[25] Investments and Acquisitions - The company is in the process of acquiring Dongguan Zhaoke Electronic Materials Technology Co., Ltd., with ongoing cooperation and communication between both parties[30] - The subsidiary Shenzhen Hangchuang has filed an appeal against a civil judgment, which is currently under review by the intermediate court[30] - The company’s subsidiary, Ruitek, has signed an investment agreement with the Chongqing Huxi High-tech Industrial Development Zone Management Committee[30] - Ruitek plans to transfer 21% of its stake in Ruiwei Automotive for RMB 3.6 million, reducing its ownership to 30%[30] Other Financial Metrics - The company reported total operating revenue of RMB 838,841,878.90 for the current period, an increase of 41.5% compared to RMB 593,040,961.42 in the previous period[37] - Total operating costs for the current period were RMB 805,237,019.02, up from RMB 574,452,735.26, reflecting a growth of 40.1%[37] - The company’s net profit attributable to shareholders was impacted by a government subsidy of RMB 1.9 million, which accounted for 11.00% of the net profit for the last audited fiscal year[32] - The company’s long-term equity investments increased to RMB 28,184,167.43 from RMB 20,829,660.51, a growth of 35.2%[35] - The company’s inventory decreased to RMB 139,308,492.36 from RMB 146,559,489.89, a decline of 4.9%[34] - The company reported cash inflows from sales of CNY 678,323,169.48, an increase from CNY 517,483,912.02 in the previous period, which is a growth of approximately 31%[40] - The total comprehensive income for the current period is CNY 33,088,773.34, compared to CNY 9,907,351.45 in the previous period, indicating an increase of about 234%[39] - Basic and diluted earnings per share have both increased to CNY 0.21 from CNY 0.08, representing a growth of 162.5%[39] - The cash flow from operating activities has improved to CNY 41,358,607.13, up from CNY 21,414,893.64, reflecting a growth of about 93%[40] - The company has reported a significant decrease in credit impairment losses, which are CNY 3,269,354.48 compared to CNY 659,984.94 in the previous period[38]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,596,712,125.20, representing a 50.37% increase compared to the same period last year[5] - The net profit attributable to shareholders was -¥80,248,056.83, a decrease of 29.07% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥99,394,238.83, a decrease of 24.34% compared to the previous year[5] - The company reported a 39.84% increase in operating income for the year-to-date period, totaling ¥4,129,071,094.98[12] - The total operating revenue for the current period reached ¥4,129,071,094.98, an increase from ¥2,952,624,462.03 in the previous period, representing a growth of approximately 39.7%[29] - The total operating costs amounted to ¥4,376,405,747.33, up from ¥3,372,920,445.31, indicating an increase of about 29.6%[29] - The company's net loss for the current period was ¥1,831,712,444.84, worsening from a loss of ¥1,636,056,185.48 in the previous period[28] - The company reported a net loss of ¥195,656,259.36 for the current period, an improvement from a net loss of ¥359,556,268.16 in the previous period, representing a decrease in loss of approximately 45.5%[30] - Total comprehensive income for the current period was ¥-195,733,691.49, compared to ¥-359,608,601.22 in the previous period, indicating a significant reduction in comprehensive loss[31] - Operating profit for the current period was ¥-247,200,388.81, an improvement from ¥-451,345,885.03 in the previous period, reflecting a decrease in operating loss of about 45.2%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,693,625,172.60, an increase of 8.18% from the end of the previous year[5] - The company's total liabilities increased by 39.61% due to new short-term borrowings and bank acceptance bill discounts[11] - The total assets of the company reached ¥13,693,625,172.60, compared to ¥12,657,665,726.62 at the beginning of the period, an increase of about 8.2%[28] - The total liabilities increased to ¥6,905,006,624.33 from ¥5,725,031,017.77, representing a rise of approximately 20.6%[28] - The company's short-term borrowings rose to ¥1,774,654,037.87 from ¥1,271,145,140.49, an increase of about 39.5%[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥539,175,757.96, a significant decline of 523.41% year-on-year[15] - Cash inflow from operating activities totaled ¥3,766,944,354.40, up from ¥2,586,759,857.23 in the previous period, marking an increase of approximately 45.5%[31] - Cash outflow from investing activities was ¥1,091,383,978.83, down from ¥2,660,519,720.02 in the previous period, indicating a reduction of about 59.0%[32] - Net cash flow from financing activities was ¥1,230,267,967.71, an increase from ¥882,782,292.93 in the previous period, representing an increase of approximately 39.4%[32] - The company's cash and cash equivalents decreased to ¥541,278,857.99 from ¥941,581,628.59, a decline of approximately 42.5%[26] - The company’s cash and cash equivalents at the end of the period were ¥405,243,414.00, down from ¥804,446,995.41 at the end of the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,867[17] - The top shareholder, BOE Technology Group, holds 22.92% of shares, totaling 372,070,935 shares[17] - Zhuhai Huafa Technology Group holds 19.00% of shares, totaling 308,406,868 shares[17] - The number of shares held by the top ten unrestricted shareholders includes 161,145,643 shares held by Yiwu Harmony Chip Investment Partnership[18] - The company has seen a significant increase in the number of shares held by individual shareholders, with Wang Yuansong holding 53,484,650 shares[18] - The total number of restricted shares at the beginning of the period was 1,251,850, with 109,988 shares released during the period[20] - The company has a total of 631,000 shares of restricted stock to be granted under the 2024 incentive plan at a price of 4.80 RMB per share[23] - The company plans to grant restricted stock to 57 eligible participants as part of the 2024 incentive plan[23] - The company has established a voting rights management agreement with NSL, covering 56,817,391 shares[18] Management Changes - The company has appointed a new COO, Cai Hexun, following the resignation of the previous COO, She Xiaomin[21] Investment and Fair Value - The long-term equity investments increased to ¥75,414,622.55 from ¥20,954,622.55, showing a significant rise of approximately 259.5%[27] - The company recorded a fair value change gain of ¥1,229,901.07, a decrease from ¥5,783,836.02 in the previous period[30] Return on Investment - The weighted average return on net assets was -1.18%, reflecting a slight improvement of 0.40% compared to the previous period[5]

Revenue and Profitability - Revenue for Q3 2025 was CNY 741,814,615.47, a decrease of 6.59% compared to the same period last year[5] - Net profit attributable to shareholders increased by 59.75% to CNY 16,742,382.62 for Q3 2025[5] - Basic earnings per share rose by 50.00% to CNY 0.15, while diluted earnings per share increased by 80.00% to CNY 0.18[5] - Total operating revenue for the current period was ¥2,259,906,716.16, a decrease of 8.8% from ¥2,476,570,898.29 in the previous period[20] - Net profit for the current period was ¥53,204,974.71, an increase of 15.4% compared to ¥46,138,773.15 in the previous period[21] - Basic earnings per share increased to ¥0.48 from ¥0.45 in the previous period, reflecting a growth of 6.7%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,368,631,383.42, down 2.20% from the end of the previous year[5] - Total assets amounted to ¥3,368,631,383.42, a slight decrease from ¥3,444,457,513.68 in the previous period[18] - Total liabilities decreased to ¥1,505,295,134.59 from ¥1,623,950,403.98, indicating a reduction of 7.3%[18] - Non-current assets totaled ¥515,258,110.09, a marginal increase from ¥511,618,702.59 in the previous period[18] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of only CNY 31,407.24, a 99.99% increase compared to the previous year[10] - Operating cash flow for the current period was -31,407.24 CNY, a significant improvement from -298,505,059.36 CNY in the previous period[23] - Total cash inflow from investment activities increased to 3,556,267,417.16 CNY, compared to 1,319,908,761.08 CNY in the prior period[24] - Net cash flow from investment activities was 208,484,444.52 CNY, a turnaround from -179,502,385.55 CNY in the previous year[24] - Cash inflow from financing activities was 729,931,323.32 CNY, up from 454,898,395.15 CNY in the last period[24] - Net cash flow from financing activities increased to 215,904,941.58 CNY, compared to 140,318,122.58 CNY previously[24] - The ending balance of cash and cash equivalents rose to 724,766,816.91 CNY, compared to 557,364,796.84 CNY at the end of the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,757[11] - The largest shareholder, Suzhou Juxinyuan Enterprise Management Co., Ltd., holds 51.42% of shares, totaling 56,500,000 shares[11] - The company has a total of 66,513,500 restricted shares, with 56,500,000 shares held by Suzhou Juxinyuan Enterprise Management Co., Ltd. set to be released on June 13, 2025[13] - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[13] - The top ten shareholders include a mix of institutional and individual investors, with no significant changes in their holdings reported[12] - The company plans to release restricted shares in 2025, which may impact future shareholder structure and liquidity[13] Operational Efficiency - Cash and cash equivalents increased by 111.82% to CNY 724,766,816.92, attributed to increased customer payments and matured financial products[9] - Accounts receivable decreased to ¥1,001,090,904.60 from ¥1,233,271,045.52, a decline of about 19%[16] - Inventory increased to ¥270,539,928.90 from ¥216,136,634.51, reflecting an increase of approximately 25%[16] - The total current assets decreased to ¥2,853,373,273.33 from ¥2,932,838,811.09, a reduction of about 2.7%[16] - Research and development expenses were ¥45,405,617.50, down 16.1% from ¥54,158,989.39 in the previous period, indicating a focus on cost management[20] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[20] - The company plans to expand its market presence and invest in new technologies to drive future growth[20]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,798,297,460.76, a decrease of 57.36% year-on-year, and for the year-to-date, it was CNY 8,354,795,817.18, down 55.26% compared to the same period last year[4] - Total profit for Q3 2025 reached CNY 397,025,637.83, an increase of 237.68% year-on-year, while the year-to-date profit was CNY 590,778,398.26, up 23.13% from the previous year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 304,715,249.01, reflecting a 173.39% increase year-on-year, and CNY 474,865,567.19 for the year-to-date, which is a 13.31% increase[4] - The basic earnings per share for Q3 2025 was CNY 0.21, up 162.50% year-on-year, while the diluted earnings per share was also CNY 0.21[5] - Total operating revenue for the first three quarters of 2025 was approximately ¥8.35 billion, a decrease of 55.32% compared to ¥18.67 billion in the same period of 2024[21] - Net profit for the first three quarters of 2025 reached ¥474.87 million, representing an increase of 13.27% from ¥419.07 million in 2024[22] - The company’s total profit for the first three quarters of 2025 was approximately ¥590.78 million, an increase from ¥479.82 million in 2024, indicating overall growth in profitability[22] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 70,715,322,796.55, representing a 2.16% increase from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 70,715,322,796.55, an increase from CNY 69,216,819,919.79 at the end of 2024[17] - The company's cash and cash equivalents decreased to CNY 30,413,032,363.66 from CNY 37,075,301,837.27[16] - The total liabilities increased to CNY 57,570,215,502.28 from CNY 56,410,436,469.15[18] - The total equity attributable to shareholders increased to CNY 13,145,107,294.27 from CNY 12,806,383,450.64[18] Cash Flow - The company reported a net cash outflow from operating activities of approximately ¥12.91 billion in 2025, compared to a net outflow of ¥8.73 billion in 2024, indicating a worsening cash flow situation[24] - Investment activities generated a net cash inflow of approximately ¥24.44 million in 2025, a significant improvement from a net outflow of ¥351.81 million in 2024[25] - Cash and cash equivalents at the end of the third quarter of 2025 stood at approximately ¥12.68 billion, down from ¥14.68 billion at the end of the same period in 2024[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,474[14] Regulatory and Operational Changes - The company's operating income decline was primarily due to a regulatory change effective January 1, 2025, which required the use of net method for revenue recognition in certain trading activities[6] - The company has no significant new product launches or technological developments mentioned in the reports[16] Other Financial Metrics - The company's net capital at the end of the reporting period was CNY 3,389,280,539.59, down from CNY 3,663,481,240.43 at the end of the previous year[10] - The ratio of net capital to risk capital reserves remained stable at 271%[10] - The company's receivables from margin deposits rose significantly to CNY 24,682,554,671.99 from CNY 17,183,836,510.16[16] - The company reported a decrease in short-term borrowings to CNY 788,817,737.47 from CNY 560,465,712.18[17] - The total amount of trading financial liabilities increased to CNY 1,137,969,612.80 from CNY 945,423,106.71[17] - The company holds trading financial assets valued at CNY 8,743,000,797.20, down from CNY 9,354,521,352.73[17] - The company reported non-operating income of CNY 866,183.57 from government subsidies related to normal business operations for the year-to-date[9] - The company achieved net investment income of approximately ¥490.70 million in 2025, a significant recovery from a loss of ¥160.61 million in 2024[21] - The company reported a foreign exchange gain of approximately ¥1.20 million in 2025, a recovery from a loss of ¥5.44 million in 2024, reflecting improved currency management[21]

Financial Performance - The company's operating revenue for the third quarter was ¥197,461,916.05, a decrease of 0.58% compared to the same period last year[4] - The total profit for the quarter was ¥2,507,056.48, reflecting a decline of 25.08% year-over-year[4] - The net profit attributable to shareholders was ¥4,864,683.67, down 10.57% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥4,868,365.59, a decrease of 11.45% year-over-year[4] - The net profit for the year-to-date period was ¥9,091,072.41, down 15.49% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was ¥7,299,078.47, compared to ¥6,741,663.73 in 2024, indicating an increase of 8.26%[20] Cash Flow - The cash flow from operating activities showed a significant decline of 331.87% year-to-date, primarily due to increased raw material payments and reduced government subsidies[8] - The company experienced a significant decline in cash flow from operating activities due to increased payments for raw materials related to the subsidiary's production preparations[8] - Cash inflows from operating activities totaled ¥427,772,003.29, a decrease from ¥628,771,700.72 in the same period last year[23] - The net cash flow from operating activities was -132,611,761.71, a significant decrease compared to 57,191,112.93 in the previous period[24] - Cash outflows from operating activities totaled 560,383,765.00, slightly lower than 571,580,587.79 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,077,854,211.01, an increase of 48.96% compared to the end of the previous year[5] - The company's total liabilities amounted to ¥3,997,909,293.08, significantly higher than ¥2,042,273,050.03 from the previous year[16] - Total current liabilities decreased from ¥1,011,212,452.99 to ¥814,688,952.07[14] - Non-current assets increased to ¥4,783,230,348.64 from ¥2,931,608,469.06 year-over-year[14] - The total non-current liabilities were ¥2,694,187,608.31, compared to ¥156,004,010.38 in the previous year, indicating a substantial increase[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,778[10] - The largest shareholder, Yingkou Dingjide Industrial Development Co., Ltd., holds 57,276,919 shares, accounting for 42.55% of total shares[10] Earnings Per Share - The company reported a basic earnings per share of ¥0.04, a decrease of 12.50% compared to the previous year[5] - Basic earnings per share for the first three quarters of 2025 were ¥0.07, down from ¥0.08 in the same period of 2024[21] Cash and Investments - The company's cash and cash equivalents as of September 30, 2025, amount to ¥215,022,211.12, down from ¥245,159,129.73 at the end of 2024[13] - The net cash flow from investing activities was -2,194,426,192.95, compared to -1,228,936,975.50 in the prior period, indicating increased investment outflows[24] - The cash paid for the acquisition of fixed assets was 2,482,784,774.85, up from 1,218,936,975.50 in the prior period, indicating aggressive capital expenditure[24] Operational Costs - Total operating costs for the first three quarters of 2025 were ¥638,846,687.43, up from ¥560,899,653.11 in 2024, reflecting a rise of 13.87%[19] - Research and development expenses for the first three quarters of 2025 were ¥12,631,532.89, down from ¥14,204,242.07 in 2024, showing a reduction of 11.09%[19] Financial Expenses - The company reported a financial expense of ¥11,569,218.70, which increased from ¥5,824,270.91 in the previous year[19] Other Information - There are no other significant reminders regarding the company's operational performance during the reporting period[12] - The impact of exchange rate changes on cash and cash equivalents was 236,124.96, contrasting with -184,839.14 in the previous period[26]

重庆农村商业银行股份有限公司 2025 年第三季度报告 证券代码：601077 证券简称：渝农商行 重庆农村商业银行股份有限公司 CHONGQING RURAL COMMERCIAL BANK CO., LTD. 2025 年第三季度报告 1 / 21 重庆农村商业银行股份有限公司 2025 年第三季度报告 重庆农村商业银行股份有限公司 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 重要内容提示 1.本行董事会、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。 2.本行行长隋军1、主管会计工作的副行长张进及会计机构负责 人刘一保证季度报告中财务报表信息的真实、准确、完整。 3.本行第三季度财务报表未经审计。 1 本行行长隋军先生代为履行董事长职务，至本行新任董事长任职资格获监管机构核准之日止。 2 / 21 本季度报告所载财务资料按照企业会计准则编制，除特别注明 外，为本集团数据，以人民币列示。 | 项目 | 2025 年 | 9 月 | 30 | 日 | 2024 年 | 12 月 | 31 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥832,412,752.81, an increase of 32.49% compared to the same period last year[5] - The total profit for the period was ¥19,461,463.26, representing a decrease of 15.92% year-on-year[5] - The net profit attributable to shareholders was ¥7,687,280.99, down 21.14% from the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥6,156,046.40, an increase of 13.52% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 1,989,310,542.40, an increase of 19.3% compared to CNY 1,667,443,922.83 in the same period of 2024[20] - The net profit for the first three quarters of 2025 was a loss of CNY 21,529,454.04, compared to a loss of CNY 8,114,263.39 in the same period of 2024[21] - The operating profit for the first three quarters of 2025 was a loss of CNY 13,659,404.91, down from a profit of CNY 3,791,702.07 in 2024[21] - The total comprehensive income for the first three quarters of 2025 was CNY -23,120,391.18, compared to CNY -9,218,649.75 in 2024[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥512,610,708.36, reflecting a growth of 42.66% year-on-year[5] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥2,201,150,089.13, a 33% increase compared to ¥1,655,397,481.81 in the same period of 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 was ¥512,610,708.36, up from ¥359,331,859.59 in 2024, representing a 42.5% increase[23] - The cash outflow for investing activities in the first three quarters of 2025 was ¥123,416,927.83, significantly higher than ¥22,636,472.26 in 2024, indicating increased investment efforts[24] - The net cash flow from investing activities was -¥100,548,116.27 in 2025, compared to a positive ¥32,170,470.00 in 2024, reflecting a shift in investment strategy[24] - Cash inflow from financing activities in the first three quarters of 2025 was ¥625,000,000.00, a substantial increase from ¥155,000,000.00 in 2024, indicating stronger financing efforts[24] - The net cash flow from financing activities improved to ¥419,273,812.28 in 2025, compared to a negative cash flow of -¥414,034,460.70 in 2024, showcasing a turnaround in financing[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,901,697,913.91, a 9.16% increase from the end of the previous year[6] - The equity attributable to shareholders decreased by 1.42% to ¥3,903,214,231.62 compared to the end of the previous year[6] - The company's total liabilities increased to CNY 1,879,562,588.97 in 2025 from CNY 1,200,243,276.95 in 2024, reflecting a significant rise in financial obligations[18] - The total equity attributable to shareholders decreased to CNY 3,903,214,231.62 in 2025 from CNY 3,959,258,470.49 in 2024[18] Shareholder Information - The company plans to increase shareholding by Zhejiang Zheneng Fuel Group, with a maximum of 24,130,684 shares, representing up to 2% of the total share capital[14] - As of October 11, 2025, Zhejiang Zheneng Fuel Group has acquired 810,000 shares, accounting for 0.07% of the total share capital, which is less than 50% of the planned increase[15] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 73,008,843.22 from RMB 65,602,314.89, reflecting an increase of approximately 11.4%[16] - The company's accounts receivable decreased slightly to RMB 347,799,133.25 from RMB 367,398,722.56, a decline of approximately 5.4%[16] Earnings Per Share - The basic earnings per share for the period was ¥0.0064, a decrease of 20.00% year-on-year[6] - The company reported a basic and diluted earnings per share of CNY -0.0261 for the first three quarters of 2025, compared to CNY -0.0072 in 2024[21] Financial Expenses - The financial expenses for the first three quarters of 2025 were CNY 19,012,872.90, a decrease from CNY 24,660,206.48 in 2024[20] Tax Efficiency - The cash flow from operating activities was positively impacted by a decrease in tax payments, which were ¥37,403,745.88 in 2025 compared to ¥53,615,871.80 in 2024, indicating improved tax efficiency[23]