Financial Performance - The company's operating revenue for Q3 2025 was ¥208,631,780.20, a decrease of 6.52% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥20,771,030.92, representing a 32.01% increase in losses year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥32,696,218.83, a decrease of 14.99% compared to the previous year[5]. - Total operating revenue for the current period is ¥629,128,951.05, a decrease of 3.4% from ¥649,251,836.34 in the previous period[19]. - Total operating costs decreased by 13.2% to ¥666,195,350.60 from ¥766,923,046.23[19]. - Net profit attributable to shareholders of the parent company is -¥48,440,788.18, compared to -¥118,380,299.05 in the previous period, showing an improvement[21]. - The company reported a total comprehensive loss of -¥48,527,910.46, compared to -¥119,036,249.09 in the previous period, indicating a significant reduction in losses[21]. Cash Flow - The cash flow from operating activities showed a significant increase of 618.29%, totaling ¥110,663,017.15 for the year-to-date[5]. - Cash inflow from operating activities totaled ¥778,269,698.10, an increase from ¥771,436,798.09 in the previous period[22]. - The total cash outflow from operating activities was $667,606,680.95, down from $756,030,439.12, indicating a reduction in operational expenses[23]. - The net cash flow from operating activities increased significantly to $110,663,017.15 from $15,406,358.97, representing a substantial improvement[23]. - Cash inflow from financing activities totaled $740,035,907.70, slightly down from $765,773,549.52, reflecting stable financing operations[23]. - The net cash flow from financing activities was -$46,792,306.87, a decline from a positive cash flow of $6,304,274.96 in the previous period[23]. - The ending cash and cash equivalents balance increased to $229,568,762.29 from $180,284,898.60, indicating a positive cash position[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,323,465,728.71, down 3.51% from the end of the previous year[5]. - Total liabilities decreased to ¥1,279,516,062.77 from ¥1,316,030,050.79, reflecting a reduction in financial obligations[18]. - Non-current liabilities decreased to ¥263,584,049.23 from ¥292,101,636.54, indicating a reduction in long-term debt[18]. - Total equity attributable to shareholders of the parent company is ¥1,043,377,550.62, down from ¥1,091,818,338.79[18]. - Non-current assets totaled ¥1,803,451,362.28, down from ¥1,859,827,046.07, a decrease of approximately 3.0%[17]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 18,070, with 6 foreign shareholders[13]. - The largest shareholder, Gansu Agricultural Reclamation Asset Management Co., Ltd., holds 19.40% of shares, totaling 37,931,665 shares[13]. - The company has repurchased a total of 1,955,304 shares, accounting for 1.00% of the total share capital[13]. - The company’s major shareholder, Ma Hongfu, has 32,197,400 shares frozen due to legal issues[15]. Research and Development - Research and development expenses increased by 54.52% to ¥7,565,813.66 for the first nine months of 2025[10]. - Research and development expenses increased by 54.5% to ¥7,565,813.66 from ¥4,896,298.79[20]. Other Financial Metrics - The weighted average return on net assets was -1.97%, an improvement of 0.69% compared to the previous year[5]. - Accounts receivable increased to ¥71,106,265.95 from ¥52,391,001.74, reflecting a growth of approximately 35.7%[16]. - Inventory decreased to ¥170,305,076.72 from ¥223,066,425.54, indicating a reduction of about 23.6%[17]. - Short-term borrowings rose significantly to ¥715,135,588.70 from ¥490,191,532.25, an increase of approximately 46.0%[17]. - The company recorded a significant increase in other operating income, which rose by 2,194.11% to ¥3,869,614.35[10]. Accounting and Reporting - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[25]. - The company plans to execute new accounting standards starting in 2025, which may impact future financial reporting[24]. - The company transferred surplus fundraising of $125,468,460.76 to its own funds for permanent working capital supplementation[26]. - The company mistakenly paid $1,121,590.80 from the special fundraising account but rectified the error by returning the amount[26].

Financial Performance - The company's operating revenue for Q3 2025 was CNY 667,117,285, representing a 22.07% increase compared to CNY 546,517,000 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was CNY 15,843,053.87, a decrease of 80.89% from CNY 76,147,314.77 in the previous year[5]. - The basic earnings per share for Q3 2025 was -0.0314 CNY, down 80.46% from -0.1511 CNY in the same period last year[5]. - Total operating revenue for the current period reached ¥1,757,983,511.82, an increase of 23.06% compared to ¥1,427,993,298.77 in the previous period[17]. - Net profit for the current period was -¥62,212,356.16, an improvement from -¥77,982,561.07 in the previous period, indicating a reduction in losses[18]. - The company reported a total comprehensive loss of -¥62,212,356.16, compared to -¥77,982,561.07 in the previous period[19]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 4,204,851,283.88, a decrease of 4.25% from CNY 4,391,476,649.28 at the end of the previous year[5]. - The total current assets amount to 3,342,534,250.65 yuan, a decrease from 3,507,402,345.50 yuan at the beginning of the period[14]. - The total liabilities amount to 1,894,083,869.22 yuan, an increase from 1,778,522,414.60 yuan at the beginning of the period[14]. - The total liabilities amounted to ¥2,118,402,306.30, a decrease from ¥2,220,861,085.33 in the previous period[15]. - The long-term borrowings decreased by 54.26%, primarily due to the reclassification of long-term loans due within one year[9]. - Long-term borrowings decreased from 395,724,000.00 yuan to 181,000,000.00 yuan[14]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 188,497,462.12, showing a decrease of 4.37% compared to CNY 180,598,553.39 in the previous year[5]. - The net cash flow from operating activities was -¥188,497,462.12, slightly worse than -¥180,598,553.39 in the previous period[20]. - Cash inflow from investment activities totaled $43,111,212.94, compared to $42,276,508.30 in the previous period, reflecting a slight increase[21]. - Cash outflow for investment activities was $72,681,417.73, up from $47,942,341.84, resulting in a net cash flow from investment activities of -$29,570,204.79, compared to -$5,665,833.54 previously[21]. - Cash inflow from financing activities amounted to $228,950,521.58, down from $506,372,063.84, indicating a significant decrease[21]. - The net increase in cash and cash equivalents was -$355,118,301.71, compared to -$226,805,389.75 in the prior period[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,159[10]. - The largest shareholder, Shandong State-owned Assets Investment Holdings Co., Ltd., holds 10.38% of shares, totaling 52,337,588 shares[10]. - The second-largest shareholder, Shandong Iron Investment Private Fund Management Co., Ltd., holds 5.67% of shares, totaling 28,590,250 shares[10]. Research and Development - The company reported a significant increase in development expenditures, which rose by 1129.99% due to ongoing capitalized R&D projects[8]. - Research and development expenses increased to ¥179,809,319.98, compared to ¥158,663,055.14 in the previous period, reflecting a focus on innovation[17]. Inventory and Receivables - The company experienced a 41.80% increase in inventory levels, driven by an increase in orders and stockpiling[8]. - Accounts receivable decreased from 1,457,797,867.96 yuan to 1,310,742,252.71 yuan[13]. - Inventory increased from 609,525,900.49 yuan to 864,309,511.84 yuan[13]. Cash and Cash Equivalents - Cash and cash equivalents decreased from 881,202,902.19 yuan to 541,216,782.49 yuan[13]. - The ending balance of cash and cash equivalents was $463,670,293.76, down from $552,356,473.26[21]. Audit and Accounting Standards - The company did not undergo an audit for the third quarter financial report[22]. - The new accounting standards will be first implemented starting in 2025, but the company is not applicable for this adjustment[22].

Financial Performance - The company's operating revenue for Q3 2025 was ¥128,380,041.14, a decrease of 4.65% compared to the same period last year[5] - Net profit attributable to shareholders was ¥4,939,277.79, down 61.99% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥4,810,699.11, a decrease of 61.94%[5] - The basic and diluted earnings per share were both ¥0.03, reflecting a decline of 57.14% compared to the previous year[5] - Total operating revenue decreased to ¥377,465,895.51 from ¥402,560,206.25, a decline of approximately 6.3% year-over-year[22] - Net profit fell to ¥1,019,594.79 from ¥35,712,884.73, a significant decrease of approximately 97.2% year-over-year[23] - Earnings per share (EPS) decreased to ¥0.01 from ¥0.18, reflecting a decline of approximately 94.4% year-over-year[24] - The company reported a total comprehensive income of ¥1,041,354.71, down from ¥35,708,706.22, a decrease of approximately 97.1% year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥989,243,250.68, a decrease of 1.79% from the end of the previous year[5] - Total assets decreased from ¥1,007,256,919.17 to ¥989,243,250.68, a decline of about 1.7%[20] - Total liabilities increased from ¥86,978,689.33 to ¥97,225,130.38, an increase of approximately 11.4%[20] - The company's non-current liabilities remained relatively stable, increasing slightly from ¥31,128,872.21 to ¥31,694,855.15[20] - The total equity remains unchanged at ¥200,868,295.00, with capital reserves at ¥437,740,181.11[20] Cash Flow - The company experienced a decrease in cash flow from operating activities, with net cash flow from operating activities at ¥63,266,654.11, down 10.69% year-on-year[5] - Cash flow from operating activities generated ¥63,266,654.11, down from ¥70,837,911.34, a decrease of about 10.5% year-over-year[24] - Cash and cash equivalents at the end of the period decreased to ¥208,797,485.52 from ¥417,594,131.18, a decline of approximately 50.0% year-over-year[25] - Investment activities resulted in a net cash outflow of ¥56,053,300.37, compared to a net outflow of ¥185,091,301.77 in the previous period[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,979[15] - The largest shareholder, Tianjin Guifaxiang Mahua Catering Group Co., Ltd., holds 33.99% of shares, totaling 68,273,314 shares[15] Operational Insights - The company reported a 6.23% decline in overall operating revenue, with e-commerce channels showing growth despite the overall downward trend[9] - Sales expenses increased due to higher operational service fees and advertising investments aimed at expanding brand influence[11] - The company has increased its investment in e-commerce and advertising, although the benefits from new market expansions have yet to materialize[9] - The company reported a decrease in financial income due to lower interest income from bank deposits and reduced returns from financial products[12] - The company has actively increased its social responsibility contributions, leading to a rise in other expenses[12] - The company has not reported any significant new product developments or market expansion strategies in the current period[17] Inventory and Receivables - Accounts receivable increased from ¥14,342,680.72 to ¥23,742,211.08, representing a growth of about 65.8%[19] - Inventory decreased from ¥53,209,134.01 to ¥42,890,828.42, a reduction of approximately 19.4%[19] Accounting Standards - The new accounting standards will be implemented starting from 2025[26] - The financial report for the first year of the new accounting standards will reflect relevant project situations at the beginning of the year[26] - The third quarter financial report of Tianjin Guifaxiang Eighteen Street Mahua Food Co., Ltd. has not been audited[26] - The company’s board of directors issued the report on October 29, 2025[26]

Financial Performance - The company's revenue for Q3 2025 was ¥633,029,584.04, representing a 5.07% increase year-over-year, while the year-to-date revenue reached ¥1,718,265,678.26, up 24.60% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was -¥70,332,105.91, a significant decrease of 878.95% year-over-year, while the year-to-date net profit was ¥450,434,528.44, an increase of 765.89%[5] - The basic earnings per share for Q3 2025 was -¥0.0634, down 863.86% year-over-year, while the diluted earnings per share was -¥0.0537, a decrease of 889.71%[5] - Net profit for the period was ¥450,008,180.49, significantly higher than ¥61,420,222.33 in the previous period, reflecting a growth of 632.5%[23] - The total comprehensive income for the period was CNY 449,859,923.30, compared to CNY 61,343,797.27 in the previous period, indicating a significant increase[24] - Basic earnings per share rose to CNY 0.4060 from CNY 0.0475, reflecting improved profitability[24] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥8,414,249,890.42, a decrease of 9.25% from the end of the previous year[5] - The company's total assets decreased to ¥8,414,249,890.42 from ¥9,271,637,686.83, a decline of 9.2%[21] - Current assets totaled ¥1,985,188,012.70, a substantial increase from ¥518,633,877.72, representing a growth of 282.5%[21] - Total liabilities decreased to ¥4,949,085,976.48 from ¥5,840,509,953.16, a reduction of 15.2%[21] - The company's total liabilities increased, impacting its financial leverage and risk profile[28] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥316,310,698.99 year-to-date, reflecting a decline of 259.84%[5] - Net cash flow from operating activities decreased by 259.84% to -¥316,310,698.99 mainly due to a reduction in advance payments and increased expenditures for raw material reserves[14] - The net cash flow from investing activities was ¥1,485,691,559.41, a significant increase of 1101.46% due to proceeds from the sale of subsidiary equity[14] - Cash inflow from investment activities totaled CNY 3,365,355,602.76, a substantial increase compared to CNY 220,280,375.40 last year[26] - The net cash flow from financing activities was negative at CNY -209,725,883.42, worsening from CNY -59,196,356.34 in the previous period[26] - The ending balance of cash and cash equivalents increased to CNY 1,111,940,854.76 from CNY 205,525,625.73, showing strong liquidity[26] - The company received CNY 1,357,000,000.00 from the recovery of investments during the reporting period[26] Operational Highlights - Operating costs increased by 69.14% to ¥1,556,754,027.46 due to the increased sales volume of titanium dioxide by Guocheng Titanium Industry[12] - Total operating revenue for the period reached ¥1,718,265,678.26, an increase of 24.6% compared to ¥1,379,057,218.54 in the previous period[22] - Total operating costs amounted to ¥1,907,563,369.69, up 50.6% from ¥1,265,065,028.75 in the prior period[22] - The company reported a significant increase in short-term borrowings, which rose by 139.03% to ¥538,137,594.74, attributed to increased financing scale[10] - The company paid CNY 824,424,362.19 for purchasing goods and services, up from CNY 530,568,945.23 in the previous period[26] Investment and Equity - The company's monetary funds increased by 583.88% to ¥1,191,699,146.93 due to the sale of subsidiary equity[9] - Accounts receivable rose by 613.80% to ¥79,291,242.22, primarily due to increased sales scale[9] - The company's retained earnings increased by 45.06% to ¥1,449,970,232.40, mainly due to investment income from the sale of subsidiary equity[10] - Investment income surged by 2253.57% to ¥808,678,774.58 primarily from the sale of subsidiary equity[12] - Financial expenses increased by 146.23% to ¥115,581,510.21 due to increased interest expenses after the Guocheng Titanium Industry's sulfur titanium iron project was capitalized[12] Corporate Changes and Future Plans - The number of ordinary shareholders at the end of the reporting period was 26,367, with the top two shareholders holding 69.69% of the total shares[15] - The company’s subsidiary, Inner Mongolia Guocheng Resource Utilization Co., Ltd., has officially changed its name to Inner Mongolia Guocheng Titanium Industry Co., Ltd.[17] - The company plans to explore market expansion opportunities and potential mergers and acquisitions to enhance growth prospects[21] - Research and development expenses were not disclosed, indicating a potential area for future investment focus[23]

深圳市燃气集团股份有限公司 2025 年第三季度报告 证券代码：601139 证券简称：深圳燃气 深圳市燃气集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 7,096,882,764.64 | 1.97 | 22,52 ...

常熟通润汽车零部件股份有限公司 2025 年第三季度报告 证券代码：603201 证券简称：常润股份 常熟通润汽车零部件股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 800,096,203.69 | 1.7 ...

无锡奥特维科技股份有限公司 2025 年第三季度报告 证券代码：688516 证券简称：奥特维 转债代码：118042 转债简称：奥维转债 无锡奥特维科技股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 1,292,48 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,170,203,783.10, representing a 4.75% increase year-over-year[5] - Net profit attributable to shareholders was ¥303,207,431.06, up 7.71% compared to the same period last year[5] - The basic earnings per share for the period was ¥0.33, which is a 6.45% increase year-over-year[5] - Total operating revenue for the current period reached ¥3,623,865,721.06, an increase of 6.2% compared to ¥3,411,293,193.61 in the previous period[22] - Net profit for the current period was ¥1,021,124,394.93, representing a growth of 5.8% from ¥964,889,830.03 in the previous period[23] - Earnings per share (EPS) for the current period was ¥1.12, compared to ¥1.06 in the previous period, indicating an increase of 5.7%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,870,033,859.62, reflecting a 5.65% increase from the end of the previous year[5] - Total assets increased to ¥9,870,033,859.62 from ¥9,341,936,339.67, marking a growth of 5.7%[21] - Total liabilities rose to ¥719,980,060.47, up from ¥695,069,259.77, reflecting an increase of 3.7%[21] - The total equity attributable to shareholders of the parent company was ¥9,166,361,019.00, compared to ¥8,653,202,130.15, an increase of 5.9%[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,408,275,688.02, an increase of 12.26%[5] - Operating cash flow for the current period was ¥1,408,275,688.02, an increase of 12.2% compared to ¥1,254,467,611.62 in the previous period[24] - Cash inflow from sales of goods and services was ¥3,867,965,865.99, compared to ¥3,649,309,553.09 in the previous period, reflecting a growth of 6.0%[24] - Total cash outflow from operating activities was ¥2,578,063,329.64, an increase from ¥2,430,058,668.41 in the previous period[24] - Cash flow from financing activities resulted in a net outflow of -¥519,112,267.76, compared to -¥343,198,374.48 in the previous period[25] Investments and Financial Activities - Investment income from financial products was recorded at ¥11,533,310.23, classified as regular income due to its frequency and relevance to business operations[10] - The company reported a financial income of ¥41,612,234.52, down from ¥47,008,183.20, a decline of 11.4%[22] - The company reported a significant increase of 269.90% in prepayments, totaling ¥42,378,031.18[12] - Total cash inflow from investment activities was ¥3,252,470,799.99, up from ¥2,132,043,970.54 in the previous period, representing a 52.5% increase[24] - Net cash flow from investment activities was -¥2,732,633,098.12, worsening from -¥2,316,936,761.18 in the previous period[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,995[15] - Chengdu Kanghong Technology Industry (Group) Co., Ltd. holds 31.70% of shares, totaling 292,014,900 shares[15] - The top ten shareholders include Chengdu Kanghong Technology Industry (Group) Co., Ltd. and several individual shareholders, with no participation in margin trading reported[16] Research and Development - Research and development expenses for the current period were ¥334,157,560.21, slightly down from ¥342,158,088.75, a decrease of 2.4%[22] - The company received a drug registration certificate for Lifi Shite eye drops from the National Medical Products Administration[17] - The company’s subsidiary received clinical trial approval for KH813 injection from the National Medical Products Administration[17] - The company completed the absorption merger of its wholly-owned subsidiary Sichuan Jishengtang Pharmaceutical Co., Ltd.[17] Current Assets and Cash Management - The company reported a total current assets of ¥7,023,154,380.28, an increase from ¥6,288,819,404.18 at the beginning of the period[19] - Cash and cash equivalents decreased to ¥3,828,071,098.77 from ¥5,689,515,722.69[19] - The ending balance of cash and cash equivalents was ¥3,781,405,973.18, an increase from ¥3,263,580,439.45 in the previous period[25] - The company’s cash and cash equivalents decreased by ¥1,844,021,273.38 during the period, compared to a decrease of ¥1,406,413,781.15 in the previous period[25]

Financial Performance - The company's revenue for Q3 2025 reached ¥567,842,569.59, representing a 57.57% increase compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥58,321,079.52, a significant increase of 196.69% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,668,668.52, up 195.42% from the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.2045, an increase of 127.22% compared to the same period last year[5] - Total operating revenue for the current period reached ¥1,551,161,650.16, a significant increase of 42% compared to ¥1,095,117,995.82 in the previous period[25] - Net profit for the current period was ¥132,248,993.22, representing a 45% increase from ¥91,038,890.83 in the previous period[26] - Earnings per share (EPS) for the current period was ¥0.4745, compared to ¥0.42 in the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,382,113,051.16, reflecting a 14.73% increase from the end of the previous year[5] - Total assets increased to ¥3,382,113,051.16, up from ¥2,947,905,689.63, reflecting a growth of approximately 15%[24] - Total liabilities rose to ¥1,520,593,143.06, compared to ¥1,058,220,152.17, marking an increase of about 43%[24] - The company's equity attributable to shareholders reached ¥1,852,471,469.81, an increase from ¥1,761,651,922.20, indicating a growth of approximately 5%[24] Cash Flow - The company reported a net cash flow from operating activities of -¥116,903,903.11 for the year-to-date, which is a 59.03% increase in cash outflow compared to the previous year[5] - Operating cash inflow for the current period reached ¥1,720,213,277.07, an increase of 43.8% compared to ¥1,195,376,286.65 in the previous period[27] - Net cash flow from operating activities was -¥116,903,903.11, an improvement from -¥285,332,957.93 in the previous period[27] - Cash outflow for investment activities totaled ¥86,049,481.52, significantly reduced from ¥1,001,413,743.17 in the previous period[27] - Net cash flow from financing activities was ¥44,900,704.00, a decrease from ¥581,932,073.05 in the previous period[28] - The total cash and cash equivalents at the end of the period amounted to ¥123,429,542.87, up from ¥53,499,886.62 in the previous period[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,507[10] - The largest shareholder, Luo Hongpeng, holds 22.18% of the shares, totaling 63,334,877 shares[10] - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 21,824,971 RMB (including tax), and will also increase its capital stock by 65,474,913 shares through a capital reserve conversion, raising the total share capital to 285,860,403 shares[16] - The total number of shares held by the top 10 unrestricted shareholders amounts to 31,563,433 shares, with the largest shareholder being Haixia Innovation Internet Co., Ltd.[12] - The company’s major shareholder, Luo Hongpeng, has increased his shareholding from 48,662,736 to 63,261,557 shares, reflecting a rise of 29.9%[15] - The company has a total of 220,385,490 shares outstanding, with 2,135,780 shares held in a repurchase account, leading to a base of 218,249,710 shares for dividend distribution[16] - The company’s total restricted shares at the end of the period amount to 108,681,125 shares, with significant releases scheduled for May 17, 2026[15] - The company’s shareholding structure indicates a significant concentration of ownership among a few major shareholders, with the top 5 shareholders holding over 50% of the total shares[12] Management and Strategy - The company has strengthened its management of accounts receivable, leading to a reduction in credit loss provisions compared to the previous year[9] - The company’s strategy includes a focus on capital management and shareholder returns through dividends and stock increases[16] - The company approved the 2025 Restricted Stock Incentive Plan on September 9, 2025, during the second extraordinary general meeting of shareholders[19] - The total amount of funds to be raised from the issuance of shares to specific investors is not to exceed 983.75 million yuan, which will be used for various projects including cloud terminal computing power center and IoT terminal intelligent upgrades[20] Current Assets and Investments - As of September 30, 2025, total current assets increased to 2,316,262,914.21 yuan from 1,960,349,603.72 yuan at the beginning of the period, representing a growth of approximately 18.2%[22] - Cash and cash equivalents decreased to 157,434,542.87 yuan from 286,262,614.63 yuan, a decline of about 45%[22] - Accounts receivable rose to 921,819,404.19 yuan, up from 774,045,647.72 yuan, indicating an increase of approximately 19%[22] - Prepayments increased significantly to 1,188,991,141.21 yuan from 850,291,429.63 yuan, reflecting a growth of around 39.8%[22] - Long-term equity investments reached 9,688,404.18 yuan, compared to 0 yuan at the beginning of the period, marking a new investment[22] - The company’s fixed assets increased to 218,841,546.23 yuan from 198,999,872.86 yuan, showing a growth of about 9.8%[22] - The company’s intangible assets slightly decreased to 679,600,440.27 yuan from 687,564,545.35 yuan, a decline of approximately 1.3%[22] - Deferred income tax assets increased to 42,642,148.39 yuan from 32,624,635.61 yuan, representing a growth of about 30.7%[22] Research and Development - Research and development expenses for the current period were ¥48,410,860.34, up from ¥40,023,466.21, reflecting a 21% increase[25] Audit and Accounting - The company did not undergo an audit for the third quarter financial report[29] - The company plans to implement new accounting standards starting from 2025[30]

Financial Performance - The company's operating revenue for Q3 2025 was ¥146,307,741.46, representing a year-on-year increase of 1.67%[5] - The net profit attributable to shareholders for the period was -¥28,558,531.62, a decrease in profit of 43.60% compared to the same period last year[5] - The basic earnings per share for Q3 2025 was -¥0.1545, down 43.63% from -¥0.0265 in the same period last year[6] - The total revenue for the current period reached CNY 648,879,373.24, up from CNY 621,246,547.31 in the previous period, representing a growth of approximately 4.2%[22] - The net profit for the current period was CNY 13,568,321.83, a decrease from CNY 39,199,437.29 in the previous period, reflecting a decline of approximately 65.3%[23] - Total comprehensive income for the period was CNY 15,882,655.33, a decrease from CNY 39,150,045.42 in the previous period[24] - The company’s total comprehensive income attributable to the parent company was CNY 24,813,198.48, down from CNY 39,842,280.66 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,291,495,095.25, an increase of 14.31% compared to the end of the previous year[5] - The company’s total liabilities increased to CNY 536,104,422.06 from CNY 385,968,274.57, representing a growth of about 38.8%[20] - The company’s equity attributable to shareholders increased to CNY 757,067,449.95 from CNY 742,551,625.22, a rise of approximately 1.9%[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥46,831,089.43, reflecting an increase of 8.28%[5] - Net cash flow from operating activities increased by 8.28% to approximately ¥46.83 million, driven by higher gross profit contributions from product sales[13] - Cash inflow from operating activities was CNY 864,580,027.20, compared to CNY 693,826,520.75 in the previous period, representing an increase of approximately 24.6%[25] - Net cash flow from operating activities was CNY 46,831,089.43, slightly up from CNY 43,251,166.02 in the previous period[26] - Net cash flow from financing activities was CNY 95,569,259.73, a significant improvement from a net outflow of CNY 19,276,097.69 in the previous period[26] Expenses - The total operating costs increased to CNY 638,268,918.91 from CNY 582,560,861.28, indicating a rise of about 9.6%[22] - Research and development expenses rose by 81.53% to approximately ¥64.63 million, primarily due to increased spending by subsidiaries[13] - Research and development expenses for the current period were CNY 64,633,150.90, significantly higher than CNY 35,604,856.48 in the previous period, marking an increase of about 81.6%[23] - Management expenses increased by 39.40% to approximately ¥78.67 million, mainly due to higher office rental costs[13] - The company experienced a 263.74% increase in financial expenses, primarily due to fluctuations in the exchange rate between the RMB and Euro[13] Investments and Financing - The company reported a significant decrease in accounts receivable, down 49.46% to ¥125,394,930.84, due to the collection of overdue receivables[12] - The company's long-term equity investments increased by 37.86% to ¥41,090,784.65, attributed to investments in overseas special purpose companies[12] - Long-term borrowings increased significantly by 1765.02% to approximately ¥99.70 million, attributed to new bank loans for project financing[13] - The company plans to issue H shares and list on the Hong Kong Stock Exchange to enhance its international strategy and financing capabilities[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,534, with the largest shareholder holding 31.55%[14] Government Support - The company reported a total of ¥1,878,346.75 in government subsidies for the current period, contributing positively to the financial results[8] Taxation - The company experienced a 98.05% decrease in income tax expenses, mainly due to an increase in deferred tax assets offsetting tax liabilities[13] Product Development - The company established a lithium battery product R&D center in Suzhou in June 2024, focusing on innovative garden tools, but the product launch is delayed due to changing customer demands and increased technical requirements[17]