浙江海翔药业股份有限公司 2025 年第三季度报告 浙江海翔药业股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 证券代码：002099 证券简称：海翔药业 公告编号：2025-045 □是 否 | 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 | 245,756.88 | 44,322.98 | | | 销部分） | | | | | 计入当期损益的政府补助 | | | | | （与公司正常经营业务密切 | | | | | 相关、符合国家政策规定、 | 190,806. ...

永泰运化工物流股份有限公司 2025 年第三季度报告 证券代码：001228 证券简称：永泰运 公告编号：2025-079 永泰运化工物流股份有限公司 2025 年第三季度报告 （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 1 永泰运化工物流股份有限公司 2025 年第三季度报告 一、主要财务数据 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 1,750,406,158.65 | 54.35% | ...

Financial Performance - Q3 2025 revenue was CNY 505,446,037.37, a decrease of 4.20% year-over-year[5] - Net profit attributable to shareholders was CNY 31,461,849.39, down 65.14% compared to the same period last year[5] - Basic earnings per share decreased by 64.29% to CNY 0.0500[5] - Total operating revenue for the current period reached ¥1,402,293,845.46, an increase from ¥1,383,423,042.50 in the previous period, reflecting a growth of approximately 1.3%[20] - Operating profit decreased to ¥173,198,545.30 from ¥276,725,589.10, indicating a decline of approximately 37.5%[21] - Net profit for the current period was ¥150,342,308.33, down from ¥241,659,804.72, a decrease of around 37.8%[21] - Total comprehensive income amounted to CNY 150,285,644.98, a decrease from CNY 242,037,345.85 in the previous period[22] - Basic and diluted earnings per share were both CNY 0.25, down from CNY 0.39 in the previous period[22] Assets and Liabilities - Total assets increased by 5.62% to CNY 5,200,935,326.35 compared to the end of the previous year[5] - The total assets increased to ¥5,200,935,326.35 from ¥4,924,010,880.57, showing a growth of about 5.6%[18] - Total liabilities rose to ¥2,076,997,218.76 from ¥1,885,029,192.52, an increase of approximately 10.1%[18] - Non-current liabilities totaled ¥1,108,694,725.59, up from ¥814,655,661.47, reflecting a growth of about 36.1%[18] Cash Flow - Cash flow from operating activities decreased by 10.66% to CNY 210,964,472.53 year-to-date[5] - Net cash flow from operating activities was CNY 210,964,472.53, compared to CNY 236,131,429.14 in the previous period, reflecting a decrease of approximately 10.5%[24] - Cash inflow from operating activities totaled CNY 1,045,877,225.90, down from CNY 1,097,932,300.06, indicating a decline of about 4.7%[23] - Cash outflow from operating activities was CNY 834,912,753.37, compared to CNY 861,800,870.92 in the previous period, a decrease of approximately 3.1%[24] - Net cash flow from investing activities was negative at CNY -144,587,717.80, worsening from CNY -61,116,700.40 in the previous period[24] - Cash inflow from financing activities was CNY 979,148,321.64, an increase from CNY 888,520,000.00 in the previous period[24] - The company reported a net increase in cash and cash equivalents of CNY 221,239,586.71, compared to a decrease of CNY -172,117,468.18 in the previous period[24] - The ending balance of cash and cash equivalents was CNY 686,334,397.65, significantly higher than CNY 299,434,554.34 at the end of the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 75,172[12] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 29.54% of shares, totaling 185,928,027 shares[12] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to securities lending[12] - The company has not issued any preferred shares during the reporting period[13] Research and Development - Research and development expenses rose by 43.26% to CNY 66,946,729.13[10] - Research and development expenses increased to ¥66,946,729.13 from ¥46,730,439.18, representing a growth of about 43.2%[21] Investments - Investment income increased by 82.40% to CNY 56,196,588.44 year-over-year[10] - The company reported an investment income of ¥56,196,588.44, up from ¥30,809,317.13, indicating an increase of approximately 82.5%[21] - The company has approved a capital increase of RMB 477,637,140.50 to its subsidiary Guangxi Lijin New Materials Co., Ltd. for investment projects[13] - A joint venture, Hunan New Energy Materials Research Institute Co., Ltd., was established with a registered capital of RMB 40 million, with each party contributing RMB 10 million[14] Liquidity - Cash and cash equivalents increased to RMB 688,958,933.93 from RMB 487,719,347.22, representing a growth of approximately 41.2%[16] - The financial statements indicate a strong liquidity position with significant cash reserves[16] Audit Status - The financial report for the third quarter was not audited[26]

Financial Performance - Total operating revenue for Q3 2025 was ¥984,830,369.29, a decrease of 16.79% compared to the same period last year[2] - Net profit attributable to shareholders was ¥157,662,691.99, down 32.37% year-on-year[2] - Basic earnings per share decreased by 32.37% to ¥0.0293[2] - Total operating revenue for the current period was CNY 3,650,029,509.49, a decrease of 7.6% from CNY 3,952,965,579.81 in the previous period[15] - Operating income was CNY 3,106,285,015.71, down 6.7% from CNY 3,331,616,956.90 year-over-year[15] - Net profit for the current period was CNY 804,872,381.33, a decline of 9.2% compared to CNY 886,886,903.42 in the previous period[16] - Total comprehensive income for the period attributable to the parent company was CNY 607,429,553.38, down from CNY 718,854,275.62 in the previous period, representing a decrease of approximately 15.5%[17] - Basic and diluted earnings per share decreased to CNY 0.1145 from CNY 0.1417, a decline of about 19.3%[17] Assets and Liabilities - Total assets increased by 6.63% to ¥51,003,497,921.12 compared to the end of the previous year[2] - Total assets increased to CNY 51,003,497,921.12 from CNY 47,831,688,358.89, reflecting a growth of 4.5%[13] - Total liabilities rose to CNY 20,823,952,716.26, up from CNY 18,042,619,077.04, indicating an increase of 15.4%[13] - Current liabilities decreased to CNY 8,955,607,871.72 from CNY 10,220,061,576.91, a reduction of 12.4%[13] - Long-term borrowings increased significantly to CNY 7,548,776,885.85 from CNY 5,634,437,229.95, representing a growth of 33.9%[13] Cash Flow - Cash flow from operating activities showed a net outflow of ¥38,562,854.47, a decline of 102.59%[2] - Net cash flow from operating activities was negative at CNY -38,562,854.47, a significant decline from CNY 1,486,258,597.68 in the previous period[18] - Total cash inflow from operating activities was CNY 2,873,801,107.32, significantly lower than CNY 14,662,492,858.16 in the previous period[18] - Cash inflow from investment activities totaled CNY 6,314,414,695.54, compared to CNY 1,319,156,350.01 in the previous period, indicating a substantial increase[19] - Net cash flow from financing activities was CNY 1,536,114,784.17, up from CNY 197,443,357.21 in the previous period, showing a strong improvement[19] - The ending balance of cash and cash equivalents increased to CNY 4,430,041,999.83 from CNY 2,323,228,758.17, reflecting a growth of approximately 90.5%[19] - Cash outflow for investment activities was CNY 5,797,669,057.10, compared to CNY 2,541,456,128.24 in the previous period, indicating increased investment spending[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 111,163[8] - The largest shareholder, State Power Investment Corporation, holds 49.76% of shares, totaling 2,678,654,351 shares[8] - The company has a pledged share situation with Yunnan Energy Investment Fund holding 478,206,986 shares, of which 174,200,000 are pledged[8] - The total number of preferred shareholders is zero, indicating no preferred shares are currently held[9] Investments and Expenses - The company reported a significant increase in prepaid expenses, rising by 621.08% to ¥898,686,158.21 due to advance payments for projects[6] - The company's debt investment increased by 110.42% to ¥628,669,277.90, attributed to the reclassification of long-term assets[6] - Tax and additional fees increased by 137.82% to ¥64,520,812.73, driven by higher contract amounts and stamp duty[6] - Research and development expenses for the current period were CNY 5,946,853.91, up from CNY 4,954,950.89, marking an increase of 20.1%[16] - The company reported an investment income of CNY 465,765,635.22, compared to CNY 427,590,262.69 in the previous period, reflecting a growth of 8.9%[16] Asset Swap and Audits - The company plans to conduct a major asset swap involving 100% equity of Guodian Nuclear Power Co., Ltd. and will issue shares to raise supporting funds[9] - The company is coordinating with intermediaries for extended audits and evaluations related to the asset swap[10] - The company did not undergo an audit for the third quarter financial report[20] Other Comprehensive Income - The company reported a decrease in other comprehensive income after tax attributable to minority shareholders, amounting to CNY -16,948,614.07, down from CNY -41,479,235.32[17] - Non-recurring gains and losses totaled ¥4,996,353.02 for the current period, down from ¥19,072,042.29 year-to-date[3]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,128,578,041.69, representing a year-on-year increase of 14.84%[3] - Net profit attributable to shareholders was ¥38,359,963.97, a significant increase of 282.07% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,937,688.68, up 244.21% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.0564, an increase of 283.12% year-on-year[3] - Net profit for the current period is ¥12,251,951.14, an increase of 7.1% compared to ¥11,438,500.76 in the previous period[18] - The total comprehensive income for the current period is ¥10,223,364.76, down from ¥14,763,940.80 in the previous period[18] - Basic and diluted earnings per share were both 0.0258, slightly down from 0.0268 in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,377,739,535.54, a decrease of 5.21% from the end of the previous year[3] - Total current assets decreased from 8,354,677,943.80 yuan to 7,752,992,913.12 yuan, a decline of approximately 7.2%[15] - Total liabilities decreased from 9,893,675,292.55 yuan to 9,377,739,535.54 yuan, a decline of about 5.2%[15] - The total liabilities decreased to ¥5,546,200,026.42 from ¥6,066,788,134.16, reflecting a reduction of approximately 8.6%[16] - Total equity increased slightly to ¥3,831,539,509.12 from ¥3,826,887,158.39, indicating a marginal growth[16] - The minority shareholders' equity decreased to ¥95,200,559.00 from ¥100,875,641.34, reflecting a decline of about 5.7%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥169,823,733.56, a decrease of 60.52% compared to the previous year[3] - Cash inflow from operating activities totaled 3,483,484,780.76, down from 3,740,590,100.03, indicating a decrease of approximately 6.9%[19] - Cash outflow from operating activities was 3,653,308,514.32, compared to 4,170,738,459.67, reflecting a reduction of about 12.3%[19] - The net cash flow from operating activities improved to -169,823,733.56 from -430,148,359.64, showing a significant reduction in losses[19] - Net cash flow from investing activities was -142,225,180.79, worsening from -108,488,505.99 in the previous period[20] - Cash inflow from financing activities decreased to 330,823,455.39 from 421,700,770.68, a decline of approximately 21.5%[20] - The net cash flow from financing activities improved to -218,758,453.50 from -377,088,155.41, indicating a reduction in outflows[20] - The ending cash and cash equivalents balance increased to 1,361,863,834.16 from 1,251,453,693.05, reflecting a growth of about 8.8%[20] Research and Development - The company reported a significant increase in development expenditures, which reached ¥9,966.52 million, up 189.79% due to ongoing R&D investments[7] - Research and development expenses for the current period are ¥144,802,724.25, down 24.5% from ¥191,719,243.82 in the previous period[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 28,785[10] - The largest shareholder, China Electric Network Communication Group Co., Ltd., holds 27.50% of shares, totaling 187,160,325 shares[10] Inventory and Receivables - The company reported a significant decrease in inventory from 1,351,069,024.74 yuan to 1,416,947,906.16 yuan, indicating a 4.9% increase[15] - Accounts receivable increased from 3,643,736,497.69 yuan to 3,754,576,821.96 yuan, an increase of approximately 3.0%[14] - The company experienced a 648.42% increase in advance receipts, totaling ¥1,090.37 million, indicating strong demand for its products[7] Other Information - The company has completed the registration of changes in business scope and board member adjustments[12] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The third quarter financial report was not audited, which may impact the reliability of the reported figures[21]

Financial Performance - The company's operating revenue for the third quarter was CNY 127,844,643.78, representing a year-on-year increase of 0.51%[4] - The total profit for the quarter was CNY 21,867,471.22, showing a decrease of 18.04% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 9,320,616.16, down 26.52% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 362.43 million, a slight decrease of 0.2% compared to CNY 365.17 million in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 71.84 million, a decrease of 1.8% from CNY 73.25 million in 2024[21] - Operating profit for the first three quarters of 2025 was CNY 78.31 million, compared to CNY 79.63 million in 2024, reflecting a decline of 1.7%[20] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 71.84 million, compared to CNY 73.25 million in 2024, indicating a decrease of 1.8%[21] Cash Flow - The cash flow from operating activities was CNY 38,658,392.41, an increase of 3.57% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2025 was CNY 64.53 million, an increase of 11.5% from CNY 58.11 million in 2024[23] - Cash flow from investment activities generated a net inflow of CNY 4.01 million in 2025, compared to CNY 3.14 million in 2024, marking a 27.5% increase[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,588,936,301.38, reflecting a growth of 5.14% from the end of the previous year[5] - The company's current assets totaled RMB 1,225,541,509.06, compared to RMB 1,151,109,217.19 at the end of 2024, reflecting a growth of approximately 6.45%[15] - The total liabilities of the company were RMB 127,634,857.54, up from RMB 121,894,045.82 at the end of 2024, indicating an increase of about 5.99%[17] - The company's cash and cash equivalents stood at RMB 1,203,226,516.06, compared to RMB 1,135,274,037.29 at the end of 2024, representing a growth of approximately 6.00%[15] - The company reported a net loss of RMB 1,183,467,534.74 in retained earnings, an improvement from a loss of RMB 1,219,496,059.34 at the end of 2024[17] - The total equity attributable to shareholders was RMB 1,234,807,451.26, an increase from RMB 1,198,726,958.66 at the end of 2024[17] Investments - The company has invested a total of RMB 620,000,000.00 in various bank wealth management products, yielding a total return of RMB 2,468,714.56[14] - The company's long-term equity investments amounted to RMB 196,540,890.95, up from RMB 189,951,504.23 at the end of 2024[16] Inventory and Prepayments - The company reported a significant increase in prepayments by 267.10%, mainly due to increased payments for electricity and raw materials by its subsidiary[8] - The company has seen a 32.77% decrease in inventory, attributed to reduced raw materials and finished goods at its subsidiary[8] - The company's inventory decreased to RMB 2,820,856.09 from RMB 4,195,548.31, a decline of about 32.73%[15] Earnings Per Share - The basic earnings per share for the quarter was CNY 0.0137, a decrease of 26.65% year-on-year[4] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.053, down from CNY 0.057 in 2024, representing a decrease of 3.9%[21] Return on Equity - The weighted average return on equity was 0.7610%, down 0.32% from the previous year[4]

Financial Performance - The company's operating revenue for the third quarter was ¥458,235,334.45, a decrease of 17.88% compared to the same period last year[5] - The net profit attributable to shareholders was ¥1,915,142.30, down 92.52% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥1,980,528.55, a decrease of 109.98%[5] - The company achieved a total operating revenue of RMB 1.262 billion for the first three quarters, representing a year-on-year growth of 5.11%[18] - The net profit attributable to shareholders was a loss of RMB 21.6564 million, which is a reduction in loss by 30.14% year-on-year[18] - Total operating revenue for the third quarter reached ¥1,262,311,172.38, an increase of 5.3% compared to ¥1,200,902,286.32 in the previous year[24] - The net loss for the period was ¥17,616,850.81, an improvement from a net loss of ¥29,061,614.64 in the same period last year[25] - The company reported a basic and diluted earnings per share of -0.0447, compared to -0.0654 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,652,994,958.70, reflecting a 10.78% increase from the end of the previous year[5] - Total assets increased to ¥3,652,994,958.70 from ¥3,297,515,848.19, representing a growth of 10.8%[23] - Total liabilities rose to ¥2,134,264,448.64, compared to ¥1,761,108,845.98, marking an increase of 21.2%[22] - Non-current assets totaled ¥1,306,298,244.57, up from ¥1,219,337,670.26, indicating a growth of 7.2%[22] Cash Flow - Cash flow from operating activities showed a net outflow of -¥6,955,166.85, representing a 95.94% increase in outflow compared to the previous year[5] - The net cash flow from operating activities improved from a loss of RMB 171 million in the same period last year to a loss of RMB 6.9552 million[18] - Cash inflows from operating activities totaled ¥769,811,784.39, an increase from ¥684,547,365.94 in the prior year[26] - Net cash flow from operating activities was -$6.96 million, an improvement from -$171.11 million in the previous period, indicating a significant reduction in cash outflow[27] - Total cash outflow for operating activities was $776.77 million, compared to $855.65 million in the prior period, showing a decrease in operational cash outflow[27] Investments and Financing - Cash outflow from investing activities totaled -$63.02 million, compared to -$3.20 million in the prior period, reflecting increased investment expenditures[27] - Cash inflow from financing activities was $100.38 million, down from $269.05 million in the previous period, showing a decrease in financing activities[27] - Cash inflow from borrowings was $687.13 million, slightly up from $677.00 million in the previous period, reflecting stable borrowing activity[27] - Cash outflow for debt repayment was $537.62 million, down from $575.34 million in the prior period, indicating improved debt management[27] Operational Highlights - Sales revenue from new energy fluid system products increased by 40.12% year-on-year, benefiting from the growing demand in the wind power market[18] - The company is positioned to benefit from the projected annual new installed capacity of 120GW for wind power during the "14th Five-Year Plan" period[18] - The company plans to leverage its leading technology and service capabilities to capture market opportunities in the high-growth wind power sector[18] Changes and Future Outlook - The company plans to implement new accounting policies effective December 6, 2024, which may impact future financial reporting[13] - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[24] Audit Status - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[29]

Financial Performance - The company's operating revenue for Q3 2025 was ¥961,013,772.34, a decrease of 10.41% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥1,399,267.06, representing a decline of 104.25% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥3,156,820.28, down 110.67% from the previous year[5] - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[16] - Net profit for the current period is CNY 15,911,640.58, a significant decrease from CNY 151,049,112.36 in the previous period, representing a decline of approximately 89.4%[17] - Operating profit for the current period is CNY 14,042,195.67, down from CNY 170,536,289.61 in the previous period, indicating a decrease of about 91.8%[17] - Total revenue from operating activities decreased to CNY 2,738,718,234.38 from CNY 3,225,227,509.53, reflecting a decline of approximately 15.1%[18] - Basic and diluted earnings per share for the current period are both CNY 0.0148, compared to CNY 0.1394 in the previous period, a decrease of about 89.4%[18] - The total comprehensive income for the current period is CNY 17,368,449.35, down from CNY 180,338,022.53 in the previous period, a decline of approximately 90.4%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,127,366,916.75, a decrease of 3.16% from the end of the previous year[5] - The total equity attributable to shareholders at the end of the reporting period was ¥6,089,457,524.24, a decrease of 0.59% from the previous year[5] - Current assets totaled ¥5,709,653,082.03, a decrease of 7.1% from ¥6,146,558,825.91[14] - Total liabilities decreased to ¥6,989,581,200.36, down 5.3% from ¥7,381,276,246.82[14] - Non-current assets totaled ¥7,417,713,834.72, slightly up from ¥7,408,828,399.30[14] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥194,260,921.87, a decrease of 26.77% compared to the same period last year[8] - Cash flow from operating activities shows a net outflow of CNY 194,260,921.87, worsening from a net outflow of CNY 153,244,581.17 in the previous period[18] - Cash flow from investing activities resulted in a net outflow of CNY 172,095,722.38, compared to a net outflow of CNY 211,120,896.56 in the previous period, indicating an improvement[19] - Cash flow from financing activities recorded a net outflow of CNY 70,761,650.84, contrasting with a net inflow of CNY 316,688,658.24 in the previous period[19] - The company's cash and cash equivalents at the end of the period stand at CNY 595,182,545.81, down from CNY 733,433,343.25 at the end of the previous period[19] - Cash and cash equivalents at the end of the reporting period amount to 977,918,292.65 CNY, down from 1,491,777,341.84 CNY at the beginning of the period[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,847[9] - The largest shareholder, Shenzhen Banglin Technology Development Co., Ltd., holds 11.11% of shares, totaling 119,332,846 shares[9] - The second-largest shareholder, Shengjiu Investment Co., Ltd., holds 10.41% of shares, totaling 111,809,265 shares[9] - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[10] Operational Highlights - The company plans to continue its focus on new product development and market expansion strategies to improve future performance[5] - The company reported a significant increase in credit impairment losses, totaling ¥70,384,482.64, which is an increase of 138.25% year-on-year[8] - The company's inventory increased to ¥752,277,363.65, up 6.5% from ¥705,666,408.74 in the previous quarter[14] - Short-term borrowings decreased significantly to ¥1,273,700,370.46, down 23.4% from ¥1,663,696,422.48[14] - The company's equity attributable to shareholders was ¥6,089,457,524.24, a decrease of 0.6% from ¥6,125,803,906.35[14] - The deferred tax assets increased to ¥237,346,621.36, up from ¥205,986,926.71[14] Financial Expenses - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 54,885,299.80 from CNY 44,218,831.18, an increase of about 24.0%[17]

Financial Performance - The company's revenue for Q3 2025 was ¥7,023,598,341.34, representing a decrease of 24.95% compared to the same period last year[5] - Net profit attributable to shareholders was ¥8,911,919.23, down 57.57% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥16,614,247.89, a decrease of 51.06%[5] - The basic and diluted earnings per share were both ¥0.0057, reflecting a decline of 57.14% compared to the previous year[5] - Total operating revenue for the current period was ¥23,306,596,979.13, a decrease of 1.79% from ¥23,732,567,802.79 in the previous period[22] - Net profit for the current period was ¥84,399,692.40, a decline of 45.49% compared to ¥154,838,012.30 in the previous period[23] - Total comprehensive income for the period was CNY 14,626,335.82, a decrease from CNY 125,946,102.55 in the previous period[24] - Basic and diluted earnings per share were both CNY 0.0478, down from CNY 0.0833 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥40,741,584,309.41, a decrease of 4.24% from the end of the previous year[5] - The company's total assets amounted to ¥40,741,584,309.41, down from ¥42,546,851,835.16[20] - Total liabilities decreased to ¥27,786,443,129.72 from ¥29,493,626,263.22, reflecting a reduction of approximately 5.79%[20] - Current assets totaled ¥18,998,182,424.46, a decrease of 8.26% from ¥20,712,253,346.35[20] - Non-current assets slightly decreased to ¥21,743,401,884.95 from ¥21,834,598,488.81, a reduction of about 0.42%[20] - Long-term borrowings decreased to ¥5,931,353,067.01 from ¥6,682,136,789.57, indicating a decline of approximately 11.2%[20] Cash Flow - Cash flow from operating activities showed a net outflow of ¥712,582,008.52, down 53.31% year-on-year[5] - Net cash flow from operating activities was CNY 712,582,008.52, significantly lower than CNY 1,526,040,927.79 in the previous period[26] - Cash inflow from operating activities totaled CNY 25,410,433,172.69, compared to CNY 25,268,292,389.22 in the previous period[25] - Cash outflow from operating activities was CNY 24,697,851,164.17, up from CNY 23,742,251,461.43 in the previous period[26] - Net cash flow from investing activities was CNY -676,274,420.11, worsening from CNY -495,067,114.51 in the previous period[26] - Cash inflow from financing activities was CNY 14,356,963,575.37, down from CNY 18,409,844,854.50 in the previous period[26] - Net cash flow from financing activities was CNY -2,705,157,397.22, compared to CNY -382,432,634.46 in the previous period[26] - The ending cash and cash equivalents balance was CNY 2,990,389,358.53, down from CNY 5,484,886,989.49 in the previous period[26] Shareholding and Management - The company plans to increase its shareholding by no less than 1.9% and no more than 2% of the total share capital within six months starting from April 9, 2025[15] - From September 22 to September 30, 2025, the company increased its shareholding by 31,520,000 shares, accounting for 2.00% of the total share capital, with a total investment of 277.15 million yuan (excluding transaction fees)[16] - The company’s major shareholders include Donghua Petroleum (Changjiang) Co., Ltd., holding 20.64% of shares, and Zhou Yifeng, holding 9.68%[13] - The company’s major shareholders are controlled by Zhou Yifeng and Wang Mingxiang, indicating a unified action among them[13] Expenses and Financial Health - Management expenses increased by 73.22% year-on-year, amounting to an additional ¥80,464,000, mainly due to maintenance at the Ningbo and Zhangjiagang plants[9] - The company reported a significant increase in financial expenses, totaling ¥667,330,809.05, compared to ¥776,026,203.02 in the previous period[23] - The company's cash and cash equivalents were not explicitly mentioned, but the overall liquidity position appears to be under pressure given the decrease in current assets and net profit[20][23] Other Financial Metrics - The company experienced a significant increase in contract liabilities, which rose by 55.84% to ¥25,696.03 million, primarily due to an increase in pre-received sales payments[8] - The accounts receivable balance was 5,399,945,702.17 yuan, up from 5,040,441,313.23 yuan at the beginning of the period[18] - The company reported a decrease in derivative financial assets from 59,206,232.76 yuan to 6,181,037.74 yuan during the same period[18] - The company’s prepayments increased to 852,938,052.19 yuan from 732,169,400.08 yuan at the beginning of the period[18] - The total amount of receivables financing decreased from 772,127,431.57 yuan to 218,911,305.23 yuan[18] - The company’s other receivables decreased significantly from 138,718,621.39 yuan to 5,582,720.13 yuan[18] Audit Status - The third quarter financial report was not audited[28]

Financial Performance - Revenue for Q3 2025 was CNY 631,664,756.11, a decrease of 16.23% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 121,388,232.91, down 43.74% year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 108,687,789.83, a decline of 46.09% compared to the previous year[7] - The basic earnings per share for the period was CNY 0.13, a decrease of 43.48% year-on-year[7] - Total operating revenue decreased to ¥1,618,146,526.33 from ¥1,890,265,336.27, representing a decline of approximately 14.4% year-over-year[23] - Net profit for the period was ¥357,497,339.78, down from ¥542,758,460.07, reflecting a decline of approximately 34.1% year-over-year[24] - Basic earnings per share decreased to ¥0.38 from ¥0.57, a decline of 33.3% year-over-year[25] Assets and Liabilities - Total assets at the end of the period were CNY 9,575,191,241.62, an increase of 3.56% from the end of the previous year[7] - Total current assets amount to 3,775,000,285.10 yuan, an increase from 3,578,948,533.75 yuan at the beginning of the period[19] - Total assets amount to 9,575,191,241.62 yuan, compared to 9,246,269,365.26 yuan at the beginning of the period[20] - The total liabilities increased to ¥1,556,024,436.76 from ¥1,328,766,729.91, an increase of approximately 17.0% year-over-year[22] - Total equity attributable to shareholders rose to ¥8,025,948,717.19 from ¥7,924,650,751.55, an increase of about 1.3% year-over-year[22] Cash Flow - Cash flow from operating activities was negative at CNY -96,486,845.09, a decline of 142.41% compared to the previous year[12] - The net cash flow from operating activities was -96,486,845.09, a decrease from 227,534,196.54 in the previous period, indicating a significant decline in operational performance[27] - Cash inflow from operating activities totaled ¥1,675,909,944.71, down from ¥1,898,641,784.43, a decrease of about 11.7% year-over-year[26] - Cash inflow from investment activities totaled 934,875,655.73, down from 1,004,387,646.63, reflecting a decrease in investment returns[27] - The net cash flow from investment activities was -575,403,916.88, an improvement from -841,549,214.80, suggesting reduced cash outflows in investments[27] - Cash inflow from financing activities was 534,368,741.72, compared to 366,326,135.38 in the previous period, indicating increased borrowing[27] - The net cash flow from financing activities was -75,628,923.45, slightly worse than -60,650,552.66, showing ongoing cash outflows related to financing[27] - The total cash and cash equivalents at the end of the period were 572,817,285.31, down from 753,590,120.03, indicating a decrease in liquidity[28] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 40.35% to CNY 1,730,902,371.57 due to increased production[11] - Short-term borrowings increased by 144.34% to CNY 758,641,928.53, reflecting the need for additional financing[11] - Short-term borrowings increased to 758,641,928.53 yuan from 310,489,207.30 yuan at the beginning of the period[20] - Inventory stands at 1,730,902,371.57 yuan, up from 1,233,248,553.27 yuan at the beginning of the period[19] Research and Development - Research and development expenses decreased by 32.76% to CNY 30,911,706.33, indicating a reduction in R&D activities[13] - Research and development expenses decreased to ¥30,911,706.33 from ¥45,975,375.17, a reduction of approximately 32.8% year-over-year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,041[15] - The largest shareholder, Qiongqing City Shengbang Yinghao Investment Partnership, holds 21.03% of shares, totaling 199,878,656 shares, with 159,902,860 shares pledged[15] - The second-largest shareholder, Harbin Tongzhi Cheng Technology Development Co., Ltd., holds 10.99% of shares, totaling 104,495,466 shares, with 39,939,900 shares pledged[15] Other Financial Metrics - The company received government subsidies amounting to CNY 4,512,851.25 during the reporting period[9] - The company reported a decrease in investment income to ¥16,100,625.79 from ¥29,389,560.54, a decline of about 45.2% year-over-year[24] - Other comprehensive income after tax decreased to -¥6,950.72 from -¥5,639.91, indicating a worsening in comprehensive income performance[25] - The company paid 274,556,311.90 in employee-related cash outflows, an increase from 246,458,476.77, reflecting higher personnel costs[27] - The company incurred tax payments of 165,157,908.47, a decrease from 182,533,803.90, indicating a potential reduction in taxable income[27] - The cash outflow for purchasing fixed assets was 250,229,572.61, down from 295,950,586.09, suggesting a slowdown in capital expenditures[27] - The impact of exchange rate changes on cash and cash equivalents was -23,583.88, indicating minor fluctuations in currency valuation[28]