Financial Performance - For the third quarter of 2025, the company's operating revenue was CNY 5,466,168,242.83, a decrease of 2.55% compared to the same period last year[6] - The total profit for the same period was CNY 1,101,158,644.41, reflecting a decline of 4.02% year-on-year[6] - Net profit attributable to shareholders was CNY 853,411,313.76, an increase of 4.37% compared to the previous year[6] - The basic earnings per share for the quarter was CNY 0.1788, up by 4.32% from CNY 0.1695 in the same period last year[6] - For the year-to-date period, total operating revenue reached CNY 17,107,904,130.42, down 2.55% from CNY 17,143,704,565.04 in the previous year[9] - The total profit for the year-to-date period was CNY 3,485,692,512.62, a significant decrease of 22.66% compared to CNY 4,449,995,407.91 last year[9] - Net profit attributable to shareholders for the year-to-date period was CNY 2,722,895,613.84, down 21.22% from CNY 3,415,078,828.91 in the previous year[9] - Total revenue for the first three quarters of 2025 was CNY 17,107,904,130.42, a decrease of 2.54% compared to CNY 17,555,281,417.45 in the same period of 2024[25] - Operating profit for the first three quarters of 2025 was CNY 3,494,393,152.56, down from CNY 4,516,918,395.71 in 2024, reflecting a decline of 22.6%[25] - Net profit attributable to the parent company for the first three quarters of 2025 was CNY 2,722,895,613.84, a decrease of 21.2% from CNY 3,456,539,450.83 in 2024[25] - Total comprehensive income for the first three quarters of 2025 was CNY 2,750,079,302.22, a decrease from CNY 3,517,401,781.40 in the same period of 2024, representing a decline of approximately 21.8%[26] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.5707, compared to CNY 0.7245 in 2024, reflecting a decline of approximately 21.2%[26] Assets and Liabilities - The company's total assets as of the end of the reporting period were CNY 82,044,451,268.19, an increase of 1.24% from CNY 81,042,317,159.52 at the end of the previous year[9] - Total current assets increased to CNY 10,727,185,641.05 as of September 30, 2025, up from CNY 9,535,713,720.50 at the end of 2024, representing a growth of 12.5%[22] - Total non-current assets amounted to CNY 71,317,265,627.14 as of September 30, 2025, slightly down from CNY 71,506,603,439.02 at the end of 2024[23] - Total liabilities decreased to CNY 41,387,518,255.42 as of September 30, 2025, compared to CNY 42,057,159,780.00 at the end of 2024, a reduction of 1.6%[24] - The company’s total equity increased to CNY 40,656,933,012.77 as of September 30, 2025, up from CNY 38,985,157,379.52 at the end of 2024, reflecting a growth of 4.3%[24] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 4,827,280,422.80, a decrease of 17.87% compared to CNY 5,762,047,703.06 last year[9] - Net cash flow from operating activities for the first three quarters of 2025 was CNY 4,827,280,422.80, down from CNY 5,877,489,308.75 in 2024, indicating a decrease of about 17.9%[28] - Cash inflow from operating activities totaled CNY 17,627,755,861.40 in 2025, down from CNY 18,527,271,735.08 in 2024, a decrease of about 4.9%[28] - The company’s cash flow from operating activities was impacted by an increase in cash payments for purchasing goods and services, which rose to CNY 9,149,646,363.82 in 2025 from CNY 8,739,495,179.96 in 2024, an increase of about 4.7%[28] - Cash inflow from financing activities totaled approximately ¥5.04 billion in the first three quarters of 2025, compared to ¥6.06 billion in the same period of 2024, representing a decrease of about 16.8%[29] - The net cash flow from financing activities was negative at approximately ¥2.77 billion for the first three quarters of 2025, compared to a negative cash flow of ¥1.90 billion in 2024, indicating a worsening financial position[29] - Cash inflow from investments received was approximately ¥131.19 million in 2025, with cash received from minority shareholders amounting to approximately ¥39.36 million[29] Operational Highlights - The company completed the acquisition of subsidiaries related to the chemical supply chain in the second half of 2024, which is considered a business combination under common control[10] - In Q3 2025, the net profit attributable to shareholders was RMB 850 million, an increase of 4.4% compared to Q3 2024[17] - The group’s tanker capacity input for the first nine months of 2025 was 66.56 million ton-days, an increase of 12.8% year-on-year[20] - The total transportation volume (excluding time charter) was 138.88 million tons, up 10.1% year-on-year[20] - The average TCE for VLCC TD3C route (Middle East to China) was USD 42,918 per day, a 16.5% increase compared to the same period last year[17] - In September 2025, the average TCE for VLCC TD3C route reached USD 76,197 per day, boosting financial performance expectations for the fourth quarter[18] - The group’s LPG transportation business achieved a gross profit of RMB 0.5 billion, while the chemical transportation business reported a gross profit of RMB 0.5 billion, representing a year-on-year increase of 22.5% and a decrease of 5.2%, respectively[20] - The tanker transportation segment generated a total operating revenue of RMB 14.74 billion, a year-on-year decrease of 4.9%[20] - The group’s operating costs for the tanker transportation segment amounted to RMB 11.93 billion, an increase of 6.3% year-on-year[20] - The gross profit from foreign trade tanker operations was RMB 1.79 billion, accounting for approximately 64% of the total gross profit from tanker operations[20] Investment and Research - Research and development expenses rose to CNY 23,007,853.84 in the first three quarters of 2025, compared to CNY 14,870,234.98 in 2024, marking a significant increase of 54.5%[25] - Cash outflow for investment activities in the first three quarters of 2025 was CNY 2,685,556,687.28, compared to CNY 6,673,336,354.94 in 2024, indicating a significant reduction in investment spending[28] - The company reported a total cash inflow from investment activities of CNY 559,616,583.37 in 2025, significantly lower than CNY 1,349,177,713.73 in 2024, indicating a decline of approximately 58.5%[28]

Financial Performance - The company reported a consolidated profit of $XX million for the fiscal year, representing a YY% increase compared to the previous year[55]. - Total revenue for the year was approximately HK$49,791,000, down from HK$58,541,000 in the previous year, representing a decrease of about 15%[30]. - Gross profit for the year was approximately HK$7,685,000, a decline from HK$14,922,000 in 2024, indicating a decrease of approximately 48%[31]. - Revenue from the Swimwear and garment segment was approximately HK$19,989,000, down from HK$32,312,000 in 2024, with a gross profit ratio decreasing to 29.76% from 40.20%[34]. - The E-commerce and on-line shopping related segment generated revenue of approximately HK$28,858,000, an increase from HK$25,092,000 in 2024, with a gross profit ratio of 2.74%[35]. - Other income decreased to approximately HK$1,688,000 from HK$2,167,000 in the previous year[29]. - The Company experienced an increase in written off trade and other receivables to approximately HK$460,000, compared to nil in 2024[31]. - Impairment losses reversed under the expected credit losses model were approximately HK$193,000, compared to HK$1,079,000 in 2024[31]. - The Company is making arrangements with its largest customer to normalize order levels after a substantial reduction in orders due to inventory management[34]. - Swimwear and apparel segment revenue decreased to HK$19,989,000 from HK$32,312,000, with a gross profit of HK$5,949,000 and a gross profit margin of 29.76% compared to 40.20% in 2024[36]. - E-commerce and online shopping segment revenue increased to HK$28,858,000 from HK$25,092,000, with a gross profit of HK$792,000 and a gross profit margin of 2.74% compared to 3.16% in 2024[37]. - Money lending segment revenue remained stable at approximately HK$944,000 with a consistent gross profit margin of 100%[38]. Market and Growth Strategy - User data showed an increase in active users to ZZ million, up by AA% year-over-year[62]. - The company provided guidance for the next fiscal year, projecting revenue growth of BB%[62]. - New product launches are expected to contribute an additional $CC million in revenue, with a focus on innovative technology solutions[62]. - The company is expanding its market presence in the Asia-Pacific region, targeting a market share increase of DD%[62]. - Recent acquisitions are anticipated to enhance operational efficiency and are expected to generate an additional $EE million in annual revenue[62]. - The company has implemented new strategies to improve customer engagement, aiming for a customer satisfaction score increase of GG%[62]. - The company is actively exploring partnerships to enhance its technological capabilities and market reach[62]. Corporate Governance and Compliance - The Board is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code during the year[178]. - The Group has adopted compliance and risk management policies to monitor adherence to significant legal and regulatory requirements[160]. - The Company Secretary ensures compliance with applicable rules and prepares detailed minutes of each meeting for all Directors[196]. - Directors have access to relevant information and can seek independent professional advice if necessary[196]. - The Company has arranged Directors' and Officers' liabilities insurance for legal actions arising from corporate activities[199]. - Training on compliance with GEM Listing Rules was provided to Directors and senior management for professional development[200]. - The Company maintains records of training attended by Directors to ensure they are aware of their responsibilities[200]. Shareholder Information - The board of directors has approved a new dividend policy, with a proposed payout ratio of HH%[62]. - The Group did not recommend the payment of a dividend for the year, consistent with the previous year[75]. - The Board will consider retained earnings and any restrictions imposed by lenders when determining future dividends[176]. - The total issued share capital was 810,535,615 shares as of June 30, 2025[135]. - The largest customer accounted for 54% of the Group's total revenue, while the five largest customers together accounted for 94%[152]. - The largest supplier represented 66% of the Group's total purchases, with the five largest suppliers accounting for 77%[152]. - At least 25% of the Company's total issued share capital was held by the public throughout the year[145]. Employee and Operational Insights - As of June 30, 2025, the Group had 88 full-time employees, a decrease from 95 in the previous financial year, with employee benefits expenses amounting to approximately HK$14,530,000, up from HK$13,367,000 in 2024[58]. - The Group's talent is considered a key success factor for competitive advantage, with regular reviews of compensation and benefits policies[167]. - The Group regularly reviews compensation and benefits policies to align with industry benchmarks and individual employee performance[162]. - The Group encourages employees to participate in external seminars to enhance efficiency and reduce risks[169]. Environmental and Social Responsibility - The Group is committed to environmental protection and complies with relevant environmental legislation[158]. - The Group actively participates in community activities to enhance social services and support charitable initiatives[164]. Financial Position and Ratios - Total assets as of June 30, 2025, were approximately HK$57,559,000, down from HK$60,827,000 in 2024[40]. - Bank balances and cash decreased to approximately HK$11,883,000 from HK$17,038,000 in 2024, with a current ratio of 1.59 compared to 2.00 in 2024[40]. - The gearing ratio increased significantly to 110% from 40% in 2024, indicating a rise in net debts relative to total equity[40]. - The Group did not have any material borrowings or pledges of assets as of June 30, 2025[96]. - The Group did not have any material contingent liabilities or charges on assets[63][64]. Board and Director Information - The Board consists of five members, including three Executive Directors and two Independent Non-executive Directors[190]. - The Board held a total of 14 board meetings and 1 general meeting during the Year[194]. - Executive Directors Mr. Lau Chun Fat and Ms. Chan Hiu Kwan attended all 14 board meetings, while Mr. Zhang Weihong was appointed on 8 July 2025[195]. - Independent Non-executive Directors Dr. Lee Chung Mong and Mr. Tam Wing Kin each attended 5 out of 14 board meetings[195]. - Mr. Fang Xiaolong, appointed on 18 December 2024, attended 2 out of 9 meetings, while Mr. Fung Chan Man attended 4 out of 12 meetings before his resignation[195]. - The Group has no known competing interests among Directors and substantial shareholders as of June 30, 2025[171]. - No connected transactions occurred between the Company and any connected persons during the year[144].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA ENERGY ENGINEERING CORPORATION LIMITED* （在中華人民共和國註冊成立的股份有限公司） （股份代號：3996） 2025年第三季度報告 本公告乃由中國能源建設股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上 市規則第13.09條及香港法例第571章《證券及期貨條例》第XIVA部項下內幕消息條文作 出。本季度報告與上海證券交易所公告內容一致。 本公司及其附屬公司依照中國證券監督管理委員會及上海證券交易所的有關規定編製本 季度報告。 本季度報告載列之全部財務資料均未經審計並按照中國企業會計準則編製。 承董事會命 中國能源建設股份有限公司 副董事長 倪真 中國，北京 2025年10月30日 於本公告日期，本公司執行董事為倪真先生；職工董事為黃埔先生；非執行董事為劉學 詩先生及司欣波先生；及獨立非執行董事為程念高先生、魏偉峰博士、牛向春女士及裴 振江先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或倚賴 該等內容而引致之任何損失承擔任何責任。 China Tourism Group Duty Free Corporation Limited 本公司負責人、主管會計工作負責人及會計機構負責人（會計主管人員）保證季度 報告中財務信息的真實、準確、完整。 1 中國旅遊集團中免股份有限公司 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） 2025年第三季度報告 本公告乃根據香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文及香 港聯合交易所有限公司證券上市規則第13.09(2)和第13.10B條的要求作出。 中國旅遊集團中免股份有限公司（「本公司」）董事會（「董事會」）公佈本公司連同 其附屬公司（「本集團」）2025年第三季度報告（「季度報告」）。其所載財務資料是按 照中國企業會計準則編製，並且未經審核。 本公告分別以中、英文兩種語言編訂，如中英文版本有任何歧義或衝突，概以中 文版本為準。 重要內容提示 本公司董事會、 ...

Financial Performance - Operating revenue for Q3 2025 was RMB 64,106,958 thousand, representing a 2.50% increase compared to the same period last year[8]. - Net profit attributable to shareholders decreased by 10.70% to RMB 2,718,596 thousand from RMB 3,044,125 thousand in the previous year[8]. - The net profit after deducting non-recurring gains and losses was RMB 2,434,557 thousand, down 7.68% year-on-year[8]. - Operating revenue increased by 20.49% year-on-year, primarily due to growth in railway equipment and new industry businesses[15]. - Railway equipment business revenue reached 87.72 billion RMB, up 22.23% from the previous year, driven by increased sales of high-speed trains[16]. - New industry business revenue increased by 31.91% year-on-year, totaling 66.10 billion RMB, mainly due to growth in clean energy equipment sales[18]. - Net profit attributable to shareholders increased by approximately 37.53% year-on-year, driven by higher product sales[16]. - Total operating revenue for the first three quarters of 2025 reached RMB 183,865,085 thousand, a 20.5% increase from RMB 152,592,557 thousand in the same period of 2024[38]. - Net profit for the first three quarters of 2025 was RMB 12,580,111 thousand, up 33.4% from RMB 9,470,643 thousand in 2024[39]. - Operating profit for the first three quarters of 2025 was RMB 14,621,908 thousand, compared to RMB 10,769,338 thousand in 2024, reflecting a growth of 36.5%[38]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 569,815,152 thousand, an increase of 11.11% compared to the end of the previous year[8]. - The total liabilities increased to RMB 332,020,268 as of September 30, 2025, compared to RMB 278,675,937 at the end of 2024, marking a rise of about 19.1%[34]. - The total liabilities increased to RMB 357,479,227 thousand as of September 30, 2025, from RMB 302,599,925 thousand at the end of 2024, marking a rise of 18.1%[35]. - The company's total assets reached RMB 569,815,152 as of September 30, 2025, compared to RMB 512,845,527 at the end of 2024, indicating an increase of about 11.1%[34]. - The total current assets amounted to RMB 393,975,284, an increase from RMB 346,314,419 as of December 31, 2024, reflecting a growth of approximately 13.8%[33]. - The inventory level rose significantly to RMB 112,392,597 as of September 30, 2025, up from RMB 78,951,355 at the end of 2024, representing a growth of approximately 42.3%[33]. - The total equity attributable to shareholders of the parent company was RMB 169,791,490 thousand as of September 30, 2025, compared to RMB 168,799,788 thousand at the end of 2024[35]. Cash Flow - Cash flow from operating activities showed a net outflow of 11.53 billion RMB, compared to a net inflow of 7.55 billion RMB in the same period last year[17]. - Cash flow from operating activities showed a net outflow of RMB 11,527,861 thousand in the first three quarters of 2025, compared to a net inflow of RMB 7,545,223 thousand in 2024[44]. - Cash flow from financing activities generated a net inflow of 4.13 billion RMB, a significant improvement from a net outflow of 8.89 billion RMB last year[17]. - Net cash flow from financing activities improved to RMB 4,128,942 in 2025, recovering from a negative RMB 8,893,448 in 2024[46]. - Cash inflow from operating activities was RMB 191,220 in 2025, significantly lower than RMB 421,910 in 2024, highlighting challenges in operational cash generation[57]. - Net cash flow from investing activities for the first three quarters of 2025 was -RMB 14,713,381, compared to -RMB 9,094,141 in 2024, indicating increased investment outflows[46]. Investments and Contracts - The company signed new contracts worth approximately 247.2 billion RMB during the first nine months of 2025, including about 46.7 billion RMB from international business[18]. - Investment income increased by approximately 35.79% year-on-year, mainly due to higher returns from investments in joint ventures[16]. - The company completed the acquisition of 100% equity in a subsidiary, which resulted in restated figures for the previous year[9]. Shareholder Information - The number of A-share shareholders was reported at 496,183, while H-share shareholders numbered 2,036 as of the report date[25]. - The company’s major shareholder, CRRC Group, held a total of 14,765,441,250 shares, representing approximately 51.45% of the total issued shares[24]. Corporate Governance - The company appointed new executives, including a new chairman and several vice presidents, following the recent board elections[27]. - The company decided to abolish the supervisory board during the extraordinary shareholders' meeting held on September 22, 2025[29].

Financial Performance - For the third quarter of 2025, the company's operating revenue was RMB 2,131,000,236.75, representing a year-on-year increase of 1.34%[10] - The total profit for the same period was RMB 684,079,888.37, showing a decrease of 14.15% compared to the previous year[10] - The net profit attributable to shareholders was RMB 510,395,317.56, down 14.96% year-on-year[10] - The net profit after deducting non-recurring gains and losses was RMB 507,500,271.59, a decrease of 8.43%[10] - The basic earnings per share for the third quarter was RMB 0.193, reflecting a decline of 24.02%[10] - Total operating revenue for the first nine months of 2025 reached RMB 6,049,555,577.49, an increase of 3.24% compared to RMB 5,859,778,932.60 in the same period of 2024[32] - Net profit attributable to shareholders of the parent company for the first nine months of 2025 was RMB 1,470,287,308.40, up from RMB 1,374,015,126.12 in 2024, reflecting a growth of 7.02%[33] - The total comprehensive income for the first nine months of 2025 was RMB 1,647,721,941.03, compared to RMB 1,347,431,676.64 in 2024, showing a significant increase of 22.25%[33] Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 71,106,518,855.44, an increase of 5.25% from December 31, 2024[10] - Total liabilities as of September 30, 2025, amounted to RMB 38,496,420,029.38, a decrease of 4.27% from RMB 40,356,460,239.19 at the end of 2024[30] - Non-current liabilities totaled RMB 23,658,235,925.68 as of September 30, 2025, down from RMB 26,181,164,708.79 at the end of 2024, indicating a reduction of 9.57%[30] - The company's total equity increased to RMB 32,610,098,826.06 as of September 30, 2025, compared to RMB 27,201,570,709.39 at the end of 2024, representing a growth of 19.73%[30] - The total current assets as of September 30, 2025, amounted to RMB 12,431,036,754.32, an increase from RMB 7,643,838,856.74 at the end of 2024[27] - The group’s long-term equity investments were valued at RMB 19,952,265,223.91 as of September 30, 2025, showing a slight increase from RMB 19,755,383,217.22 at the end of 2024[27] Shareholder Information - The company reported a total of 20,849 shareholders, with 20,526 being A-share shareholders[14] - The top shareholder, Xintong Industrial Development (Shenzhen) Co., Ltd., holds 28.79% of the shares[15] - The company’s total shareholding structure includes significant stakes from major shareholders, with Jiangsu Yunsong Capital holding 12.27% of total shares[2] Cash Flow and Investments - The net cash flow from operating activities for the first nine months of 2025 increased by 31.12% year-on-year[10] - Operating cash flow for the period from January to September 2025 reached approximately $3.61 billion, an increase of 31.1% compared to $2.75 billion in the same period of 2024[35] - Total cash inflow from operating activities was approximately $6.07 billion, up from $5.56 billion year-over-year, reflecting a growth of 9.2%[35] - Cash and cash equivalents at the end of September 2025 totaled approximately $3.74 billion, an increase from $2.70 billion at the end of September 2024, marking a growth of 38.5%[36] - The group invested RMB 1.5 billion in five principal guaranteed floating income financial products during the reporting period, with a total of RMB 3.74 billion remaining in financial product funds[22] Operational Performance - Daily average mixed traffic volume for the Meiguan Expressway was 172,000 vehicles in Q3 2025, with toll revenue of RMB 423,000[18] - Daily average mixed traffic volume for the Jihe East Section was 340,000 vehicles in Q3 2025, generating toll revenue of RMB 1,986,000[18] - The company holds 89.93% of Longda Expressway, which reported a daily average traffic volume of 175,000 vehicles and toll revenue of RMB 437,000 in Q3 2025[18] - The company has a 50% stake in Shuiguan Expressway, with a daily average traffic volume of 278,000 vehicles and toll revenue of RMB 1,811,000 in Q3 2025[18] - The company’s stake in the Guangzhou West Second Ring is 25%, with a daily average traffic volume of 103,000 vehicles and toll revenue of RMB 1,457,000 in Q3 2025[18] - The company’s revenue from the Yangjiang project will revert to normal toll rates starting January 1, 2025, after a government compensation agreement ends[18] - The company’s revenue from the Q3 2025 toll operations reflects a consistent growth trend compared to previous quarters, indicating strong operational performance[18] Project Performance - The organic waste treatment projects processed a total of 361.61 thousand tons in the first nine months of 2025, generating operating revenue of RMB 184,578.89 thousand[20] - The clean energy power generation projects produced 191,842.33 MWh in the first nine months of 2025, with wind power business revenue reaching RMB 88,733.81 thousand[21] - The group reported a total operating revenue of RMB 124,604.60 thousand from its organic waste treatment projects in the third quarter of 2025[20] Research and Development - Research and development expenses for the first nine months of 2025 were RMB 25,976,025.88, compared to RMB 23,025,773.58 in 2024, marking an increase of 12.66%[32]

Financial Performance - For the third quarter of 2025, the company reported operating revenue of RMB 518,075,114.31, representing a significant increase of 452.90% compared to the same period last year[12]. - The total profit for the period reached RMB 156,319,661.28, with a year-to-date total profit of RMB 449,085,115.42, reflecting a remarkable growth of 213.02% year-on-year[12]. - Net profit attributable to shareholders was RMB 129,145,289.62 for the quarter, with a year-to-date figure of RMB 389,453,655.29, marking an increase of 138.68% compared to the previous year[12]. - The basic earnings per share for the quarter stood at RMB 0.0278, while the diluted earnings per share also remained at RMB 0.0278, both showing a year-on-year increase of 139.03%[12]. - Total profit from the beginning of the year to the reporting period increased by 213.02%[19]. - Net profit for the first three quarters of 2025 reached ¥390.58 million, a significant increase of 176.5% compared to ¥141.30 million in the same period of 2024[41]. - Total operating revenue for the first three quarters of 2025 was ¥1.44 billion, up 11.4% from ¥1.29 billion in the same period of 2024[40]. - Basic and diluted earnings per share for the first three quarters of 2025 were ¥0.0839, up from ¥0.0351 in 2024, indicating a growth of approximately 138%[42]. Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 57,377,497,851.74, which is an increase of 11.17% from the previous year[12]. - Total assets increased to ¥57.38 billion as of September 30, 2025, up from ¥51.61 billion on December 31, 2024, representing an increase of approximately 11.1%[35]. - Total liabilities increased to ¥42.83 billion as of September 30, 2025, compared to ¥37.33 billion on December 31, 2024, reflecting a growth of approximately 14.0%[36]. - The company's total equity increased to ¥14.55 billion as of September 30, 2025, compared to ¥14.28 billion on December 31, 2024, reflecting a growth of approximately 1.9%[36]. Cash Flow - The company reported a net cash flow from operating activities of RMB 5,497,155,421.64, reflecting a growth of 5.32% year-to-date[12]. - Net cash flow from operating activities for the first three quarters of 2025 was ¥5,497,155,421.64, compared to ¥5,219,709,646.41 in 2024, reflecting an increase of about 5.3%[44]. - Cash inflow from operating activities totaled ¥9,646,076,906.88 in 2025, down from ¥14,073,014,681.17 in 2024, showing a decrease of approximately 31.5%[44]. - Net cash flow from investing activities for the first three quarters of 2025 was ¥67,170,460.95, a decrease from ¥182,319,692.89 in 2024, indicating a decline of about 63.2%[45]. - Cash flow from financing activities showed a net outflow of ¥1,069,808,411.53 in 2025, contrasting with a net inflow of ¥1,399,417,153.63 in 2024[45]. - The company reported a net increase in cash and cash equivalents of ¥4,494,674,763.99 for the first three quarters of 2025, down from ¥6,800,347,509.71 in 2024, reflecting a decrease of about 33.9%[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 119,250[22]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 1,195,151,550 shares, representing 25.74% of the total shares[23]. Regulatory and Compliance - The company received a notice from the China Securities Regulatory Commission regarding the suspension of bond underwriting business from October 17, 2024, to April 16, 2025, due to regulatory violations[32]. - The company plans to enhance compliance and risk management to improve operational standards and investment banking quality[32]. Other Financial Metrics - The company's net capital reached RMB 9,879,467,057.62, up from RMB 9,468,635,644.80 at the end of the previous year[15]. - The risk coverage ratio improved to 375.29%, compared to 287.40% at the end of the previous year, indicating enhanced financial stability[15]. - The liquidity coverage ratio decreased to 210.11% from 286.47%, suggesting a tighter liquidity position[15]. - Non-recurring gains and losses for the period totaled RMB -575,737.35, with a year-end total of RMB 6,510,641.69, indicating fluctuations in non-operational income[17]. - Weighted average return on equity increased by 1.57 percentage points for the year-to-date[20]. - The company’s investment income decreased to ¥434.15 million in the first three quarters of 2025, down from ¥899.79 million in the same period of 2024, indicating a decline of 51.8%[40]. - The company’s total operating expenses decreased to ¥988.84 million in the first three quarters of 2025, down from ¥1.16 billion in the same period of 2024, a reduction of 14.8%[40]. - Total comprehensive income for the first three quarters of 2025 reached ¥380,537,731.59, compared to ¥142,333,648.83 in the same period of 2024, representing a significant increase[42]. Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year of first implementation[46]. - The board of directors announced the financial results on October 30, 2025[47].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 截至2025 年9 月3 0 日止九個月業績公告 未經審核主要財務資料摘要 紅星美凱龍家居集團股份有限公司（「本公司」）董事會（「董事會」）謹此公佈本公 司及其附屬公司（「本集團」）截至2025年9月30日止九個月（「報告期」）的未經審核 主要財務資料摘要。本公告乃根據香港法例第571章證券及期貨條例（「證券及期 貨條例」）第XIVA部項下內幕消息條文、香港聯合交易所有限公司證券上市規則 （「香港上市規則」）第13.09(2)條及第13.10B條以及上海證券交易所股票上市規則 的要求作出。 未經審核主要財務資料摘要 本集團於報告期內未經審核的主要財務資料如下： 1 (i) 本集團未經審核主要財務資料摘要 下表載 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 2025年第三季度報告 本 公 司 董 事 會 及 全 體 董 事 保 證 本 公 告 內 容 不 存 在 任 何 虛 假 記 載、誤 導 性 陳 述 或 者 重 大 遺 漏，並 對 其 內 容 的 真 實 性、準 確 性 和 完 整 性 承 擔 法 律 責 任。 重 要 內 容 提 示： 公 司 董 事 會、監 事 會 及 董 事、監 事、高 級 管 理 人 員 保 證 季 度 報 告 內 容 的 真 實、準 確、完 整，不 存 在 虛 假 記 載、誤 導 性 陳 述 或 重 大 遺 漏，並 承 擔 個 別 和 連 帶 的 法 律 責 任。 公 司 負 責 人、主 管 會 計 工 作 負 責 人 及 會 計 機 構 負 責 人（會 計 主 管 人 員）保 證 季 度 報 告 中 財 務 信 息 的 真 實、準 確、完 整。 第三季度財 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 2025 年第三季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條和第13.10B條及香港法例第571 章《證券及期貨條例》第XIVA部刊發。 茲載列申萬宏源集團股份有限公司（「本公司」或「公司」）及其附屬公司截至2025年9月30日止的 2025年第三季度報告，其所載財務報告乃根據中國企業會計準則編製，且未經審計。 本報告以中英文兩種語言編製。在對本報告的中英文版本理解上發生歧義時，以中文為準。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 中國，北京 2025年10月30日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、徐一 心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 重要內容提 ...