福建榕基软件股份有限公司 2025 年第三季度报告 证券代码：002474 证券简称：榕基软件 公告编号：2025-031 福建榕基软件股份有限公司 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。 公司是否需追溯调整或重述以前年度会计数据 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 福建榕基软件股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 140,364,938.17 | 11.39% ...

Financial Performance - The company's operating revenue for the third quarter reached ¥11,206,169,640.15, an increase of 10.74% compared to the same period last year[5] - Net profit attributable to shareholders was ¥46,181,145.34, reflecting a significant increase of 104.22% year-on-year[5] - The basic earnings per share rose to ¥0.0190, marking a 104.22% increase compared to the previous year[5] - The company reported a 125.82% increase in operating profit year-on-year, driven by higher gross margins on steel products[10] - The company reported a net profit of ¥190,156,600.77, a significant recovery from a net loss of ¥1,323,220,666.28 in the previous period, marking a turnaround of approximately 114.3%[25] - Operating profit improved to ¥258,829,809.80 from a loss of ¥1,002,597,598.80, indicating a recovery of approximately 125.8%[25] - The total revenue from operating activities reached ¥34,060,730,120.33, compared to ¥33,729,363,711.33 in the previous period, showing a growth of about 1.0%[29] - The company recorded a total comprehensive income of ¥421,833,339.43, recovering from a loss of ¥1,353,443,166.38 in the previous year[26] - Basic and diluted earnings per share were both reported at ¥0.08, compared to a loss of ¥0.54 per share in the previous period[26] Cash Flow and Assets - Cash flow from operating activities showed a net inflow of ¥385,764,855.90, up 186.75% year-to-date[5] - Cash and cash equivalents at the end of the period were ¥5,882,936,535.02, down from ¥7,419,632,630.56, a decline of about 20.67%[20] - Total current assets amounted to ¥15,568,683,171.60, down from ¥16,657,982,218.30, a decrease of about 6.54%[20] - The company's retained earnings rose to ¥11,955,047,067.16 from ¥11,687,801,149.72, an increase of approximately 2.29%[23] - The company’s cash and cash equivalents at the end of the period stood at ¥4,351,010,495.57, an increase from ¥4,173,965,221.30 at the end of the previous period[30] - Investment activities resulted in a net cash outflow of ¥1,748,358,113.39, an improvement from a larger outflow of ¥2,858,372,719.89 in the previous period[29] - Financing activities generated a net cash outflow of ¥525,851,750.72, contrasting with a net inflow of ¥4,214,853,809.38 in the prior period, indicating a shift in financing strategy[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,298[12] - The largest shareholder, Fujian Sansteel Group Co., Ltd., holds 56.25% of shares, totaling 1,366,328,424 shares[12] - The second-largest shareholder, Xiamen International Trade Group Co., Ltd., holds 3.99% of shares, totaling 97,011,133 shares[12] - The top ten shareholders include several investment funds and state-owned enterprises, indicating a strong institutional presence[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] Governance and Management Changes - The company has appointed three new vice presidents, effective from the date of the board meeting approval[17] - The company has abolished the supervisory board, transferring its powers to the audit committee of the board[17] - The company has revised its articles of association to reflect the changes in governance structure[17] - The company will not change its controlling shareholder or actual controller following the equity transfer[15] Operating Costs and Expenses - Total operating costs decreased to ¥33,079,025,378.28 from ¥34,214,662,610.05, representing a reduction of about 3.32%[24] - Operating costs specifically fell from ¥32,138,940,044.30 to ¥30,831,491,399.12, indicating a decrease of approximately 4.07%[24] - The company experienced a 98.02% decrease in operating expenses year-on-year, reflecting improved cost management[10] - Research and development expenses increased to ¥1,302,318,009.37, up from ¥1,151,463,585.63, reflecting a growth of about 13.1% year-over-year[25] Asset and Liability Overview - Total assets at the end of the reporting period were ¥51,657,957,100.49, a slight increase of 0.02% from the end of the previous year[5] - Total liabilities decreased to ¥31,782,519,361.80 from ¥32,273,315,773.88, a decline of approximately 1.53%[23] - Non-current liabilities increased to ¥4,875,976,383.04 from ¥2,882,779,798.11, representing an increase of about 69.06%[23] - The total assets remained relatively stable at ¥51,657,957,100.49 compared to ¥51,645,680,061.52, showing a marginal increase[22]

Financial Performance - Q3 2025 revenue reached ¥677,632,287.83, a 1.17% increase year-over-year, while year-to-date revenue decreased by 2.59% to ¥2,032,631,799.37[4] - Net profit attributable to shareholders was ¥32,258,157.04, up 59.25% year-over-year, and year-to-date net profit increased by 48.07% to ¥106,305,278.90[4] - The basic earnings per share rose to ¥0.03, a 50% increase compared to the same period last year, with diluted earnings per share also at ¥0.03[4] - The company's net profit for the current period is 114,189,094.68 CNY, an increase of 46.9% compared to 77,634,294.92 CNY in the previous period[36] - Operating profit reached 127,037,095.35 CNY, up from 96,473,870.30 CNY, reflecting a growth of 31.6%[36] - The company reported a total comprehensive income of 113,007,422.27 CNY, compared to 77,098,306.89 CNY in the previous period, indicating a growth of 46.5%[37] - Basic and diluted earnings per share increased to 0.10 CNY, up from 0.07 CNY, representing a growth of 42.9%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,039,237,281.45, a slight decrease of 0.06% from the end of the previous year[5] - The company's total assets amounted to 4,039,237,281.45 CNY, a slight decrease from 4,041,710,691.26 CNY at the beginning of the period[32] - The company's total liabilities decreased from 2,418,163,381.89 CNY to 2,259,584,702.19 CNY during the reporting period[33] - Owner's equity attributable to shareholders increased by 9.86% to ¥1,720,116,450.06 compared to the end of the previous year[5] - The company's equity attributable to shareholders increased from 1,565,669,995.95 CNY to 1,720,116,450.06 CNY during the reporting period[33] Cash Flow - Net cash flow from operating activities decreased by 68.67% year-over-year, down by ¥225,419,500, primarily due to reduced sales collections[20] - The net cash flow from financing activities increased by 132.32% compared to the same period last year, with an absolute increase of 403.465 million yuan, as the increase in cash inflow outpaced the increase in cash outflow[22] - Cash inflow from financing activities increased by 137.43% compared to the same period last year, with an absolute increase of 789.5218 million yuan, mainly due to increased bank loans and recovered pledged time deposits[21] - The net increase in cash and cash equivalents grew by 1341.77% compared to the same period last year, with an absolute increase of 177.1524 million yuan, driven by higher net cash from operating and financing activities[22] - Cash and cash equivalents at the end of the period increased to 1,244,553,723.34 CNY from 814,416,137.20 CNY, a rise of 52.7%[39] Research and Development - R&D expenses grew by 53.22% year-over-year, totaling an increase of ¥6,029,200[16] - Research and development expenses increased to 17,357,367.97 CNY, up 53.8% from 11,328,135.89 CNY, indicating a focus on innovation[36] Investments and Acquisitions - The company has established a joint investment in Heilongjiang Xiaoyang Lanlan Nutrition Food Co., Ltd., with a 10% stake in Heilongjiang Anjia Dairy Co., Ltd. after a series of equity transfers[27] - The company has invested 50,000 CNY (5% of registered capital) in the establishment of Xinjiang Tianshan Xiaobei Food Sales Co., Ltd., alongside Xinjiang Tianshan Yunmu Dairy Co., Ltd., which contributed 950,000 CNY (95% of registered capital)[28] - The company acquired a 10% stake in Xi'an Annuo Dairy Co., Ltd. for 3 million CNY, completing the transaction on December 13, 2024[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 147,904[24] - The largest shareholder, Zhejiang Xiaobei Demei Holdings, holds 12.28% of shares, amounting to 132,629,471 shares, with a significant portion pledged[24] Operational Efficiency - Total operating costs for the current period were 1,903,805,862.41 CNY, compared to 1,980,962,807.31 CNY in the previous period, indicating a reduction of about 3.9%[35] - The company's inventory decreased from 407,883,495.18 CNY to 396,346,505.80 CNY, reflecting a reduction of approximately 2.5%[31] - The company's financial expenses decreased significantly to 11,099,640.62 CNY from 24,170,906.05 CNY, a reduction of 54.0%[36] - The company's total revenue for the current period was 2,032,631,799.37 CNY, down from 2,086,761,284.80 CNY in the previous period, representing a decrease of approximately 2.6%[35]

Revenue and Profit - The company's revenue for Q3 2025 was ¥632,947,358.75, representing a 9.79% increase year-over-year, but a 14.66% decrease for the year-to-date period[5] - Net profit attributable to shareholders for Q3 2025 was ¥22,881,787.45, down 73.72% year-over-year, and down 47.57% year-to-date[5] - The basic and diluted earnings per share for Q3 2025 were both ¥0.06, reflecting a 73.91% decrease compared to the same period last year[5] - Total operating revenue for the current period is ¥1,745,719,809, a decrease of 14.6% from ¥2,045,698,394 in the previous period[22] - Net profit for the current period is ¥114,106,900.86, a decline of 47.5% compared to ¥217,648,474.44 in the previous period[23] - Basic and diluted earnings per share are both ¥0.29, down from ¥0.59 in the previous period[24] - The total comprehensive income for the current period is ¥114,868,875.48, a decrease from ¥217,779,890.61 in the previous period[24] Assets and Liabilities - Total assets at the end of Q3 2025 reached ¥4,904,987,615.57, an increase of 10.84% from the end of the previous year[5] - The total current assets increased to CNY 3,888,924,446.02 from CNY 3,409,810,371.85, reflecting a growth of approximately 14.1%[19] - The total assets reached CNY 4,904,987,615.57, up from CNY 4,425,315,332.28, indicating an increase of about 10.8%[21] - The total liabilities decreased slightly to CNY 1,745,912,055.41 from CNY 1,774,769,798.00, showing a reduction of approximately 1.6%[20] - The company reported a decrease in short-term borrowings to CNY 269,870,429.58 from CNY 371,739,198.23, a reduction of about 27.5%[20] - The non-current liabilities decreased to CNY 22,517,882.49 from CNY 28,289,036.99, showing a decline of approximately 20.5%[20] Cash Flow - The cash flow from operating activities showed a net outflow of ¥15,475,213.34 year-to-date, a significant decline of 123.36%[5] - Net cash flow from operating activities decreased by 123.36% to -$15,475,213.34, primarily due to a larger decrease in cash inflows compared to cash outflows[12] - Cash inflow from investing activities increased by 3934.53% to $68,269,040.39, mainly due to an increase in interest received from large certificates of deposit[12] - Cash outflow from investing activities decreased by 41.94% to $131,251,230.17, primarily due to reduced cash payments for fixed asset purchases[12] - Net cash flow from investing activities improved by 71.93% to -$62,982,189.78, attributed to increased interest received and decreased cash payments for fixed assets[12] - Cash inflow from financing activities rose by 77.28% to $856,543,976.66, mainly due to increased IPO fundraising and note discounting[12] - Cash outflow from financing activities surged by 262.62% to $802,534,551.05, primarily due to increased repayments of loans and note discounting[12] - Net cash flow from financing activities decreased by 79.37% to $54,009,425.61, reflecting increased IPO funds and higher repayments of loans and notes[12] - The impact of exchange rate fluctuations on cash and cash equivalents increased by 295.70% to $53,415,527.93, primarily due to exchange rate volatility[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,671, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Xu Tao, holds 41.96% of shares, totaling 173,037,202 shares[14] Inventory and Receivables - The company experienced a 41.56% increase in accounts receivable, totaling ¥1,419,538,285.88, due to an increase in unreceived futures payments[9] - The inventory balance grew to CNY 975,510,493.94 from CNY 879,213,454.56, reflecting an increase of about 10.9%[19] Financial Expenses and Investment Income - Financial expenses for Q3 2025 were reported at -¥153,893,912.14, a drastic increase of 940.53% compared to the previous year, mainly due to increased foreign exchange gains[11] - The company recorded a significant loss in investment income of -¥23,216,720.81, attributed to losses from foreign exchange hedging derivatives and fees from expired options[11] Accounting Standards - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[27] Audit Status - The third quarter financial report of Shenzhen Shihang New Energy Co., Ltd. has not been audited[27]

Financial Performance - Revenue for Q3 2025 was ¥277,098,012.26, a decrease of 46.73% year-over-year[2] - Net profit attributable to shareholders was -¥24,144,125.92, down 150.44% compared to the same period last year[2] - Total operating revenue for the current period is ¥1,034,544,900.46, a decrease of 29.1% compared to ¥1,459,034,841.95 in the previous period[17] - Net profit for the current period is ¥29,416,304.98, down 73.7% from ¥111,398,976.96 in the previous period[18] - Operating profit decreased significantly to ¥22,627,784.54 from ¥118,408,032.74, a decline of 80.9%[17] - Basic and diluted earnings per share decreased to ¥0.41 from ¥1.86 in the previous period[18] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥209,189,195.43, an increase of 234.94%[6] - Cash flow from operating activities generated a net amount of ¥209,189,195.43, compared to a negative cash flow of ¥155,019,224.19 in the previous period[20] - Cash and cash equivalents decreased to CNY 430,873,443.02 from CNY 549,680,335.35, a decline of about 21.6%[14] - Cash and cash equivalents at the end of the period totaled ¥339,488,512.98, down from ¥495,174,469.88 at the beginning of the period[22] - Total assets at the end of the reporting period were ¥4,603,006,084.60, reflecting a 14.37% increase from the previous year[2] - Current assets rose to CNY 3,980,920,325.56, up from CNY 3,352,642,631.44, indicating an increase of about 18.6%[14] - Inventory increased significantly to CNY 1,473,419,009.67 from CNY 990,668,761.57, representing a growth of approximately 48.8%[14] - The total liabilities increased to CNY 3,160,558,792.49 from CNY 3,006,351,724.96, showing an increase of about 5.1%[15] - Owner's equity rose to CNY 1,442,447,292.11 from CNY 1,018,189,028.83, reflecting a growth of approximately 41.5%[15] Shareholder Information - The company reported a total of 1,113,860 shares held by Shenzhen Jianhecheng Investment Partnership, accounting for 1.39% of the total shares[8] - Guangzhou Yingpeng Private Fund Management Company holds 902,255 shares, representing 1.13% of the total shares[8] - The top 10 unrestricted shareholders include Industrial Bank Co., Ltd. with 1,447,890 shares, and China Construction Bank with 302,600 shares[8] - The total number of restricted shares held by major shareholders remains unchanged, with 33,861,385 shares held by Luo Caihua[10] - The company has a total of 10,581,683 restricted shares held by He Jin, which will remain until April 2028[10] - Dongguan Boying Investment Partnership holds 3,920,991 restricted shares, also set to be released in April 2026[10] - The company has a total of 1,500,000 restricted shares held by Guangdong Yueke Zhenyue Investment Partnership, with a release date in April 2026[10] - The total number of shares held by major shareholders participating in margin trading is not applicable[8] - The company has no changes in the number of shares due to margin trading among the top 10 shareholders[8] - The company maintains a consistent shareholder structure with no new major shareholders reported[8] Operating Costs and Expenses - Total operating costs decreased to ¥979,592,591.93 from ¥1,314,583,556.84, reflecting a reduction of 25.5%[17] - Non-operating income and expenses totaled -¥226,623.04 for the current period[3] - The company reported a significant increase in research and development expenses, totaling ¥83,963,559.12, down from ¥102,612,448.07, a decrease of 18.2%[17] Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the call[12] Audit Status - The company has not undergone an audit for the third quarter financial report[23]

深圳新宙邦科技股份有限公司 2025 年第三季度报告 证券代码：300037 证券简称：新宙邦 公告编号：2025-076 债券代码：123158 债券简称：宙邦转债 深圳新宙邦科技股份有限公司 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.第三季度报告是否经过审计 □是 否 1 深圳新宙邦科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比 上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 2,368,136,845.54 ...

Financial Performance - Q3 2025 revenue was CNY 399,447,767.69, a decrease of 12.71% year-over-year[5] - Net profit attributable to shareholders was CNY 3,700,056.84, down 91.94% compared to the same period last year[5] - Net profit excluding non-recurring items was CNY 1,182,138.59, a decline of 97.25% year-over-year[5] - Total operating revenue decreased to ¥1,135,669,290.81 from ¥1,406,709,821.37, a decline of approximately 19.3%[23] - Operating profit fell to ¥54,101,653.44 from ¥250,212,726.27, representing a decrease of approximately 78.4%[24] - Net profit decreased to ¥58,893,569.05 from ¥223,329,538.72, a decline of around 73.7%[24] - Earnings per share dropped to ¥0.1576 from ¥0.5844, a decrease of approximately 73.0%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,655,246,461.86, a decrease of 1.35% from the previous year[5] - The total non-current assets decreased from ¥1,880,920,162.34 to ¥1,775,350,820.43, representing a decline of about 5.6%[20] - The company’s total current liabilities decreased from ¥667,437,831.62 to ¥602,922,198.57, a decline of approximately 9.7%[20] - Total liabilities decreased to ¥706,758,428.14 from ¥771,646,162.98, a decline of approximately 8.4%[21] - The company’s total equity attributable to shareholders was CNY 2,955,784,542.29, an increase of 0.54% from the previous year[5] - Total equity increased to ¥2,948,488,033.72 from ¥2,933,468,343.82, an increase of about 0.5%[21] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 144,977,744.95, an increase of 32.96%[10] - Cash flow from operating activities for the current period is 144,977,744.95, an increase from 109,039,623.15 in the previous period[25] - Total cash inflow from investment activities is 723,164,208.45, up from 479,909,809.39 in the previous period[25] - Net cash flow from investment activities is -150,217,872.40, an improvement from -393,618,233.08 in the previous period[25] - Cash flow from financing activities shows a net outflow of -90,497,945.04, compared to -78,095,542.21 in the previous period[26] - The ending balance of cash and cash equivalents is 630,389,667.97, compared to 590,804,894.43 in the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,895[11] - The number of shares held by the top shareholder, Zou Bingde, is 108,897,635, representing a 28.34% ownership stake[14] - The company has a total of 91,986,764 restricted shares at the end of the period, down from 92,036,764 at the beginning, indicating a slight reduction in restricted shares[17] Other Financial Metrics - The weighted average return on equity was 0.13%, down 1.50% from the previous year[5] - The company reported a significant decrease in financial expenses by 71.08% due to interest income from structured deposits[9] - Deferred income increased to ¥27,170,000.04 from ¥17,020,000.02, an increase of about 59.8%[21] - Research and development expenses decreased to ¥103,113,005.51 from ¥114,751,323.89, a decline of approximately 10.2%[24] - Other comprehensive income after tax increased to ¥1,261,533.54 from -¥4,248,904.58, a significant improvement[24]

Financial Performance - The company's revenue for Q3 2025 was ¥498,401,835.23, a decrease of 15.35% compared to the same period last year[3] - Net profit attributable to shareholders increased by 38.99% to ¥162,255,844.49 for the quarter, while year-to-date net profit rose by 52.59% to ¥323,771,432.72[3] - The basic earnings per share for Q3 2025 was ¥0.24, reflecting a 41.18% increase year-over-year[3] - Total operating revenue for the current period reached ¥1,508,655,943.81, an increase of 8.02% compared to ¥1,396,396,670.67 in the previous period[19] - Net profit for the current period was ¥348,609,874.03, representing a significant increase of 48.4% from ¥234,915,581.86 in the previous period[20] - Earnings per share (EPS) for the current period was ¥0.48, compared to ¥0.32 in the previous period, indicating a 50% increase[20] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,064,838,504.42, up 9.57% from the previous year[3] - Total assets increased to ¥3,064,838,504.42, up from ¥2,797,195,815.03, marking a growth of 9.55%[18] - Total liabilities decreased to ¥459,277,466.30 from ¥513,964,488.73, a reduction of 10.6%[18] - The company's equity attributable to shareholders rose to ¥2,526,266,524.93, compared to ¥2,228,774,683.59, reflecting a growth of 13.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥225,528,584.80, down 16.28% compared to the previous year[3] - Operating cash flow for the current period was ¥225,528,584.80, a decrease of 16.3% compared to ¥269,380,750.88 in the previous period[21] - The company reported a total cash inflow from operating activities of ¥1,596,418,109.35, a marginal increase from ¥1,584,171,764.91 in the previous period[21] - The company’s total cash outflow from operating activities was ¥1,370,889,524.55, an increase from ¥1,314,791,014.03 in the previous period[21] - Cash and cash equivalents decreased to ¥437,079,667.16 from ¥778,585,319.23, a decline of approximately 43.8%[16] - Cash and cash equivalents at the end of the period totaled ¥437,079,667.16, down from ¥623,203,170.49 in the previous period[22] - The net increase in cash and cash equivalents was -¥91,208,619.79, compared to -¥755,240,543.22 in the previous period, showing a significant reduction in cash outflow[22] Investments and Income - The company reported a significant increase in accounts receivable, which rose by 67.30% to ¥159,032,003.38, attributed to growth in business revenue[8] - Investment income skyrocketed by 5299.64% to ¥20,473,882.38, driven by increased returns from financial products[8] - The company reported an investment income of ¥20,473,882.38, a significant increase from ¥379,171.44 in the previous period[19] - Total cash inflow from investment activities was ¥2,897,325,028.89, significantly higher than ¥214,059,432.05 in the previous period[21] - Net cash flow from investment activities was -¥231,242,217.70, an improvement from -¥924,775,863.94 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 54,185[10] - The largest shareholder, Hua Yong, holds 32.21% of shares, totaling 220,191,442 shares, with 57,490,000 shares pledged[10] - The total number of restricted shares at the end of the period is 165,366,480, with no new restrictions added during the period[13] - The total number of preferred shareholders is zero, indicating no preferred shares outstanding[12] - The company has not disclosed any significant changes in the top ten shareholders or their relationships[11] Operational Costs and Expenses - Total operating costs amounted to ¥1,150,708,406.92, slightly up from ¥1,133,238,295.85, reflecting a cost increase of 1.5%[19] - Research and development expenses were ¥113,920,732.68, down from ¥124,144,321.67, indicating a decrease of 8.5%[19] Other Comprehensive Income - Other comprehensive income after tax was -¥63,624,364.56, compared to -¥1,753,769.64 in the previous period, showing a decline in comprehensive income[20] Share Repurchase - The company has a repurchase account holding 9,402,200 shares, representing 1.38% of the total share capital[11] Market Strategy - The company has not reported any new strategies or significant market expansions during this period[14]

Financial Performance - The company's operating revenue for the third quarter reached ¥659,394,577.25, representing a year-on-year increase of 21.65%[4] - The total profit for the period was a loss of ¥1,697,924.18, with a year-to-date loss of ¥145,068,029.49[4] - Net profit attributable to shareholders was ¥3,285,581.53 for the quarter, while the year-to-date figure showed a loss of ¥119,864,740.19[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,760,714,103.20, a decrease of 6.3% compared to CNY 1,878,642,322.74 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 144,320,575.29, compared to a loss of CNY 133,446,736.29 in 2024, indicating a worsening of 8.4%[20] - Net profit for the first three quarters of 2025 was a loss of CNY 126,686,606.65, compared to a loss of CNY 112,835,521.43 in 2024, representing an increase in loss of 12.3%[21] - The company reported a basic and diluted earnings per share of CNY -0.2417 for the first three quarters of 2025, compared to CNY -0.2128 in 2024[21] Cash Flow - The cash flow from operating activities for the year-to-date increased by 117.30%, amounting to ¥278,698,889.50[4] - Operating cash inflow from sales increased to approximately $1.94 billion, up from $1.78 billion, representing a growth of about 9.4% year-over-year[24] - Net cash flow from operating activities reached approximately $278.7 million, compared to $128.3 million in the previous period, indicating a significant increase of 117.5%[24] - Cash received from tax refunds increased significantly to approximately $12.6 million from $2.0 million, a growth of 522.5%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,263,393,770.16, reflecting a decrease of 11.65% compared to the end of the previous year[5] - Total liabilities as of the reporting date were CNY 2,398,831,665.24, down from CNY 2,784,722,779.59 in the previous year, a decrease of 13.8%[18] - Total equity attributable to shareholders was CNY 888,744,432.43, a decrease from CNY 926,408,833.33, reflecting a decline of 4.1%[18] - Current assets decreased to CNY 1,746,781,520.43 from CNY 2,380,113,481.74, reflecting a decline of approximately 26.6%[16] - Cash and cash equivalents dropped to CNY 167,857,381.18 from CNY 270,827,774.12, a decrease of about 38.0%[16] - Accounts receivable decreased to CNY 778,322,950.75 from CNY 997,367,010.72, representing a decline of approximately 21.9%[16] - Inventory decreased to CNY 460,272,522.88 from CNY 505,954,248.17, a reduction of about 9.0%[16] - Total current liabilities decreased to CNY 2,028,109,397.73 from CNY 2,391,712,484.15, a decline of approximately 15.2%[17] - Short-term borrowings decreased to CNY 588,232,111.13 from CNY 908,587,379.76, a reduction of about 35.2%[17] - Long-term borrowings increased slightly to CNY 329,100,246.83 from CNY 322,497,408.17, an increase of approximately 2.0%[17] Research and Development - Research and development expenses totaled ¥41,875,692.27, accounting for 6.35% of operating revenue, a decrease of 1.73 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 121,430,656.41, a slight decrease from CNY 131,130,639.37 in 2024, indicating a reduction of 7.0%[20] Other Financial Aspects - The company reported a significant reduction in credit impairment losses due to increased collection efforts on receivables, contributing to improved net profit[9] - The company recognized a government subsidy of ¥282,019.43 during the quarter, contributing positively to the financial results[7] - The company experienced a net loss from credit impairment of CNY 7,074,339.76, compared to a gain of CNY 23,492,991.95 in the previous year, showing a significant deterioration[20] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 50,405.37, up from CNY 16,425.12 in 2024, indicating an increase of 207.5%[21] Company Developments - The company has no significant new product launches or technological developments reported in the current period[14] - There are no significant mergers or acquisitions reported during the current period[14]

Financial Performance - The company's operating revenue for the third quarter was ¥197,551,522.77, an increase of 38.72% compared to the same period last year[4] - The total profit for the quarter was -¥48,525,119.52, representing a decrease of 72.83% year-on-year[4] - The net profit attributable to shareholders of the listed company was -¥49,890,999.78, a decline of 115.62% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥50,324,046.30, a decrease of 100.59% year-on-year[4] - The basic earnings per share of -¥0.90, a decrease of 118.00% compared to the same period last year[5] - The net loss for the first three quarters of 2025 was ¥95,203,488.68, compared to a net loss of ¥68,855,401.53 in the same period of 2024, representing a decline in performance[20] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥1.89, compared to -¥1.22 in the same period of 2024[21] - The net loss for the first three quarters of 2025 was ¥26,591,636.19, an improvement from a net loss of ¥56,402,881.92 in the first three quarters of 2024[31] Cash Flow - The net cash flow from operating activities was ¥32,194,798.72, a decrease of 10.45% compared to the same period last year[5] - Cash inflow from operating activities significantly increased to ¥800,816,535.81, compared to ¥275,279,655.19 in the first three quarters of 2024, marking a growth of 190%[23] - The net cash flow from operating activities was CNY 59,187,200.78, a significant improvement compared to a net outflow of CNY 128,312,414.51 in the previous period[24] - The cash flow from operating activities generated a net cash inflow of ¥27,804,212.72 in the first three quarters of 2025, compared to a net outflow of ¥206,785,707.21 in the same period of 2024[33] Research and Development - Research and development expenses totaled ¥22,084,758.44 for the quarter, an increase of 68.19% year-on-year, accounting for 11.18% of operating revenue[5] - The company plans to continue increasing R&D investment to maintain competitive advantages in a challenging market[11] - Research and development expenses rose to ¥59,199,995.84, up 50.6% from ¥39,301,939.51 in the previous year, indicating a focus on innovation[19] - Research and development expenses for the first three quarters of 2025 were ¥26,772,917.09, a decrease of 19.5% from ¥33,224,627.94 in the first three quarters of 2024[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,668,880,980.06, an increase of 23.47% compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥2,245,801,363.31, an increase from ¥1,742,298,987.47 in the previous year[16] - Total assets as of September 30, 2025, are ¥2,668,880,980.06, up from ¥2,161,629,947.73[16] - The total liabilities increased to ¥1,766,665,515.53, compared to ¥1,139,144,067.91 in the previous year, reflecting a growth of 55.0%[18] - The company's total equity decreased to ¥902,215,464.53 from ¥1,022,485,879.82, a decline of 11.8% year-over-year[18] - The total liabilities increased to CNY 1,434,247,838.71 from CNY 922,410,690.89, indicating a rise of approximately 55.5%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,284[13] - The largest shareholder, Song Chunxiang, holds 8,757,714 shares, representing 15.64% of total shares[13] Sales and Expenses - The company reported a significant increase in sales expenses, which rose to ¥28,744,627.38, up 39.2% from ¥20,628,607.43 in the previous year[19] - The cash flow from sales of goods and services reached ¥764,604,355.52, a substantial increase from ¥252,245,978.49 in the same period of 2024, indicating improved operational efficiency[23] - The company received cash from sales of goods and services amounting to ¥484,314,944.47 in the first three quarters of 2025, compared to ¥238,423,920.48 in the same period of 2024[32] Investment Activities - The company reported a net cash inflow from investment activities of CNY 45,735,501.43, reversing a net outflow of CNY 41,775,613.97 from the previous period[24] - The total cash inflow from investment activities in the first three quarters of 2025 was ¥636,996,413.98, compared to ¥918,770,709.79 in the same period of 2024[33] - The company's cash outflow for investment activities was CNY 671,421,215.07, down from CNY 1,080,764,759.38, indicating a reduction of approximately 37.8%[24]