Revenue and Profitability - Revenue for Q3 2025 reached ¥741,659,816.68, an increase of 13.12% year-over-year, while year-to-date revenue was ¥1,864,717,792.24, up 8.25% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥9,144,702.64 for Q3 2025, representing a decline of 268.27% year-over-year, and a year-to-date loss of ¥73,814,485.05, down 209.95%[5] - Basic and diluted earnings per share for Q3 2025 were both -¥0.0464, reflecting a decrease of 263.96% compared to the same quarter last year[5] - The company reported a total loss of ¥87,406,004.27 for the year-to-date, a decline of 245.99% compared to the same period last year[10] - Net profit for the current period was a loss of ¥87,406,004.27, compared to a profit of ¥59,871,716.25 in the previous period[23] - The total comprehensive income for the current period was a loss of ¥72,207,336.77, compared to a gain of ¥88,421,126.57 in the previous period[24] Assets and Liabilities - Total assets increased by 17.11% to ¥5,327,674,235.17 compared to the end of the previous year[5] - The company's total assets increased to ¥5,327,674,235.17, up from ¥4,549,477,495.64 in the previous period[19] - Total liabilities rose to ¥3,515,565,060.09, compared to ¥2,720,831,770.13 in the previous period, reflecting an increase of 29.2%[19] - The company's equity attributable to shareholders decreased to ¥1,674,521,785.52 from ¥1,690,825,428.18, a decline of 0.92%[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥88,974,409.22, a decline of 132.20% compared to the same period last year, primarily due to increased employee compensation payments[10] - Operating cash inflow for the current period was CNY 2,443,664,256.60, an increase of 17.2% from CNY 2,085,578,866.83 in the previous period[26] - Net cash flow from operating activities was negative CNY 88,974,409.22, compared to a positive CNY 276,287,645.41 in the previous period[27] - Cash inflow from financing activities was CNY 935,595,988.74, significantly higher than CNY 517,415,355.69 in the previous period, marking an increase of 80.6%[27] - Net cash flow from financing activities was CNY 593,643,159.69, compared to CNY 27,256,874.96 in the previous period[27] - The ending cash and cash equivalents balance was CNY 307,156,310.32, down from CNY 372,048,138.79 in the previous period[27] Inventory and Prepayments - The company reported a significant increase in inventory, which rose by 58.32% to ¥709,105,929.44, attributed to increased operations in its Thailand subsidiary[9] - The company recorded a significant increase in prepayments, which rose by 202.47% to ¥104,040,693.08, mainly due to increased procurement payments[9] - Inventory increased significantly from 447,886,783.85 yuan to 709,105,929.44 yuan, representing a growth of about 58.2%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,828[11] - The largest shareholder, Wang Xiong, holds 37.54% of the shares, totaling 73,264,800 shares[11] - The number of shares held by the top ten shareholders includes significant stakes from Zhang Sanyun (13.70%) and Zhao Jianguang (5.53%)[11] - The total number of restricted shares at the end of the period is 54,948,600, down from 73,264,800 at the beginning[15] - The company has no preferred shareholders as of the reporting period[14] Expenses - The company’s management expenses increased by 35.16% to ¥155,554,075.20, reflecting the expansion of the company's scale[9] - Research and development expenses for the current period were ¥51,672,882.07, slightly up from ¥50,251,743.07 in the previous period[22] - Total operating costs increased to ¥1,970,354,223.00, up 15.43% from ¥1,706,916,069.60 in the previous period[22] Other Financial Information - The company reported a total of ¥20,747,949.94 in other income, down from ¥21,326,754.66 in the previous period[23] - The company did not execute any new accounting standards adjustments for the current reporting period[28] - The third quarter financial report was not audited[29]

Financial Performance - The company's revenue for Q3 2025 was ¥120,602,815.50, representing a decrease of 12.61% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥1,177,232.74, down 91.55% year-on-year, while the net profit excluding non-recurring items was ¥123,381.40, a decline of 99.00%[4]. - Total operating revenue for the current period is ¥317,820,273.64, a decrease of 20.0% compared to ¥397,280,102.75 in the previous period[27]. - Net profit for the current period is ¥3,487,863.44, a significant decline of 92.7% from ¥37,647,360.62 in the previous period[28]. - Basic earnings per share decreased to ¥0.02 from ¥0.32, indicating a drop of 93.8%[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,250,082,485.08, a decrease of 3.76% from the end of the previous year[5]. - Total assets decreased from ¥2,338,007,252.31 to ¥2,250,082,485.08, a reduction of approximately 3.8%[26]. - Total liabilities decreased from ¥605,286,845.33 to ¥463,017,817.12, reflecting a decline of 23.5%[25]. - Owner's equity increased to ¥1,787,064,667.96 from ¥1,732,720,406.98, showing a growth of 3.1%[26]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥19,468,657.18, down 78.89% compared to the previous year[9]. - Operating cash inflow totaled $353,595,402.40, down 20.8% from $446,247,575.12 in the previous period[32]. - Net cash flow from operating activities was $19,468,657.18, a significant decrease of 78.9% compared to $92,233,332.97 last period[33]. - Cash inflow from investment activities reached $1,696,709,790.30, an increase of 89.2% from $896,872,826.19 in the prior period[33]. - Net cash flow from investment activities was $2,894,271.20, recovering from a negative $86,828,155.39 in the previous period[33]. - Cash inflow from financing activities amounted to $126,000,000.00, with no inflow recorded in the prior period[34]. - Net cash flow from financing activities was negative at -$29,832,640.20, an improvement from -$34,535,956.72 last period[34]. - The ending cash and cash equivalents balance was $177,329,186.09, down from $548,757,128.37 in the previous period[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,349[10]. - The largest shareholder, Guangdong Xingkong Technology Equipment Co., Ltd., held 22.74% of the shares, totaling 42,698,485 shares[11]. Management and Corporate Actions - The company completed the acquisition of 24.97% of shares from major shareholders, establishing control over the company[13]. - The board of directors was re-elected, and new senior management personnel were appointed on July 7, 2025[16]. - The company announced a temporary suspension of the implementation of certain fundraising projects, including a semiconductor-grade quartz crucible project[17]. - The first phase of the employee stock ownership plan was completed, with 812,300 shares sold, accounting for 0.44% of the total share capital[18][19]. - The company has postponed the production line for certain convertible bond fundraising projects, adjusting the expected operational date[20]. - The company has not reported any changes in the lending or borrowing of shares among the top 10 shareholders[22]. Expenses - The company reported a significant increase in management expenses, which rose by 37.57% to ¥22,513,337.56 due to higher intermediary service fees and increased depreciation[9]. - Research and development expenses for the current period are ¥12,510,377.93, slightly up from ¥12,057,189.85, indicating a 3.8% increase[28].

Financial Performance - The company's revenue for Q3 2025 reached ¥207,153,876.22, representing a year-over-year increase of 20.74%[4] - Net profit attributable to shareholders was ¥4,395,233.33, a significant increase of 1,033.98% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥3,712,990.74, reflecting a remarkable increase of 2,934.77% year-over-year[4] - Total operating revenue for the current period reached ¥585,037,372.28, an increase of 17.0% compared to ¥499,869,101.05 in the previous period[18] - Operating profit for the current period was ¥26,377,535.16, significantly up from ¥1,938,485.12 in the previous period[19] - Net profit attributable to shareholders of the parent company was ¥21,214,576.98, a substantial increase of 147.5% from ¥8,562,371.98 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,163,357,198.21, an increase of 4.69% from the end of the previous year[4] - Total current assets amounted to CNY 728.06 million, up from CNY 673.58 million at the beginning of the period[15] - Total non-current assets were CNY 435.30 million, slightly down from CNY 437.67 million at the start of the period[16] - Total assets increased to CNY 1,163.36 million from CNY 1,111.25 million[16] - Total liabilities rose to CNY 523.04 million, compared to CNY 489.47 million previously[16] - Owner's equity remained stable at CNY 157.59 million[16] - Total assets and equity reached ¥1,163,357,198.21 and ¥640,313,256.64 respectively, showing growth from ¥1,111,251,437.24 and ¥621,778,393.17 in the previous period[17] Earnings and Profitability - The company's basic earnings per share for the period was ¥0.0279, up 1,016.00% compared to the same period last year[4] - The company achieved a basic earnings per share of ¥0.1346, up from ¥0.0543 in the previous period, reflecting improved profitability[19] Cash Flow - The net cash flow from operating activities increased by 82.21% year-over-year, attributed to higher cash receipts from sales of goods and services[9] - The company reported a net cash outflow from operating activities of ¥10,707,435.24, an improvement from a net outflow of ¥60,177,820.10 in the previous period[22] - Cash and cash equivalents at the end of the period were ¥33,414,563.53, down from ¥50,143,263.77 at the end of the previous period[22] Research and Development - Research and development expenses decreased by 32.49% year-over-year, primarily due to reduced project investments in the previous year[8] - Research and development expenses decreased to ¥8,511,150.34 from ¥12,606,483.95, indicating a reduction in investment in this area[18] Other Income and Investments - Other income increased by 211.25% year-over-year, mainly due to an increase in government subsidies received during the reporting period[8] - Long-term equity investments increased by 43.02% compared to the beginning of the year, mainly due to recognized investment income from a subsidiary[7] - The company reported an investment income of ¥16,025,449.28, an increase from ¥10,998,384.86 in the previous period, indicating better performance in its investment activities[18] Brand Performance - X-BIONIC brand achieved revenue of CNY 213.54 million, a year-on-year increase of 34.62%[14] - HOUDINI brand reported revenue of CNY 65.74 million, up 110.09% year-on-year[14] - CRISPI brand generated revenue of CNY 66.87 million, reflecting a 12.32% increase compared to the previous year[14] - MYSTERY RANCH brand's revenue reached CNY 42.63 million, a 22.78% year-on-year growth[14] - LA SPORTIVA brand saw revenue of CNY 26.30 million, increasing by 45.28% year-on-year[14] Miscellaneous - The company reported a 3915.94% increase in asset disposal income, primarily from the disposal of right-of-use assets during the reporting period[8] - The third quarter financial report of Beijing Sanfu Outdoor Products Co., Ltd. is unaudited[24]

Financial Performance - The company's revenue for Q3 2025 was ¥311,787,314.04, representing a decrease of 28.99% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥15,250,869.17, a decline of 196.39% year-over-year[4] - The basic earnings per share for Q3 2025 was -¥0.1758, a decrease of 197.67% year-over-year[4] - Total operating revenue for the current period was ¥914,543,196.87, a decrease of 23.5% compared to ¥1,195,946,326.44 in the previous period[19] - Net profit for the current period was ¥1,712,430.96, significantly down from ¥57,105,232.06 in the previous period, indicating a decline of approximately 97%[20] - Basic and diluted earnings per share decreased to ¥0.0312 from ¥0.66, a decline of approximately 95.3%[20] Cash Flow and Operating Activities - The net cash flow from operating activities for the year-to-date was ¥175,784,902.23, an increase of 156.51% compared to the previous year[4] - Cash flow from operating activities was ¥1,847,781,027.71, slightly up from ¥1,844,945,401.33 in the previous period[21] - The net cash inflow from operating activities was $175,784,902.23, an increase from $68,528,972.65 in the previous period, indicating a significant improvement in operational efficiency[22] - Cash received from other operating activities was $70,700,022.34, significantly higher than $9,328,550.68 previously, indicating a strong operational performance[22] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥1,800,841,004.54, down 8.51% from the end of the previous year[4] - Total current assets decreased to ¥1,534,805,077.97 from ¥1,746,775,218.50, a decline of about 12.1%[16] - Total liabilities decreased to ¥728,115,512.37 from ¥888,637,627.14, reflecting a decline of approximately 18.1%[18] - The company’s total equity attributable to shareholders decreased by 0.56% to ¥1,072,971,528.05[4] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,275[13] - The largest shareholder, Xu Jiang, holds 36.46% of shares, totaling 31,638,478 shares, with 302,664 shares frozen[13] - The top 10 shareholders hold a combined 56.56% of the total shares[13] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[14] Investments and Expenses - The company’s investment income for the year-to-date was a loss of ¥22.99 million, a decline of 173.98% compared to the previous year[11] - The company experienced a 2895.86% increase in operating expenses, amounting to ¥73.82 million, primarily due to penalties paid to business partners[11] - Research and development expenses were ¥19,793,080.76, down from ¥21,130,780.77, a decrease of about 6.3%[19] Cash Management - The company's cash and cash equivalents decreased to ¥407,931,838.54 from ¥473,184,201.60, a decline of approximately 13.8%[16] - The company reported cash outflow for taxes at $20,879,163.48, down from $39,510,198.89, suggesting improved tax management[22] - The company received tax refunds amounting to $3,238,454.35, a decrease from $5,397,482.68 in the previous period[22] Other Information - The company reported a significant increase in contract liabilities, which rose by 112.95% to ¥18,300.94 million due to increased customer prepayments[9] - The company did not execute any significant acquisitions or new product launches during this reporting period, focusing instead on optimizing existing operations[22] - The third quarter financial report was not audited, which may affect the reliability of the reported figures[23]

江苏宏德特种部件股份有限公司 2025 年第三季度报告 证券代码：301163 证券简称：宏德股份 公告编号：2025-026 江苏宏德特种部件股份有限公司 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 是 □否 追溯调整或重述原因 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 一、主要财务数据 （一） 主要会计数据和财务指标 会计政策变更 | | 本报告期 | 上年同期 | | 本报告期 比上年同 期增减 | 年初至报 告期末 | 上年同期 | | 年初至报 告期末比 上年同期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | ...

深圳市飞荣达科技股份有限公司 2025 年第三季度报告 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：300602 证券简称：飞荣达 公告编号：2025-071 深圳市飞荣达科技股份有限公司 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。 □是 否 1 深圳市飞荣达科技股份有限公司 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 追溯调整或重述原因 同一控制下企业合并 | | 本报告期 | 上年同期 | | 本报告期 | | | | 年初至报 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 比上 ...

Revenue and Profitability - Q3 2025 revenue was CNY 64,088,529.74, a decrease of 14.36% year-over-year, while year-to-date revenue increased by 11.84% to CNY 191,321,103.94[5] - Net profit attributable to shareholders was CNY 1,122,778.85, down 79.86% year-over-year, but year-to-date net profit increased by 235.64% to CNY 9,935,703.70[5] - Basic earnings per share for Q3 2025 was CNY 0.0076, a decrease of 79.95% year-over-year, while year-to-date basic earnings per share increased by 236.32% to CNY 0.0676[5] - Net profit for the current period was ¥9,941,316.67, a significant increase of 236.5% compared to ¥2,957,414.20 in the previous period[15] - Basic earnings per share rose to ¥0.0676, compared to ¥0.0201 in the previous period, reflecting a growth of 236.8%[16] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 446,947,768.93, a decrease of 5.35% from the end of the previous year[5] - Total current assets decreased from ¥313,208,391.68 to ¥291,041,699.47, a decline of approximately 7.1%[11] - Total assets decreased from ¥472,216,004.91 to ¥446,947,768.93, a decline of approximately 5.3%[12] - Total liabilities decreased from ¥79,532,364.88 to ¥66,631,830.88, a decline of approximately 16.2%[13] - Non-current liabilities decreased from ¥5,722,785.16 to ¥2,697,982.82, a decline of approximately 52.8%[12] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 6,941,100.74, a decline of 123.85% compared to the previous year[8] - Cash flow from operating activities showed a net outflow of ¥6,941,100.74, contrasting with a net inflow of ¥29,104,499.14 in the previous period[18] - The company’s cash flow from investing activities showed a net inflow of CNY 19,810,794.43, a turnaround from a net outflow of CNY -28,242,971.24 in the previous year[8] - Cash flow from investment activities generated a net inflow of ¥19,810,794.43, compared to a net outflow of ¥28,242,971.24 in the previous period[18] - Cash and cash equivalents at the end of the period totaled ¥23,006,093.45, an increase from ¥16,778,748.54 at the end of the previous period[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,266[10] - The largest shareholder, Hongbo Yao, holds 62.08% of the shares, totaling 91,657,723 shares[10] Other Financial Metrics - The company reported a significant increase in other income, which rose by 177.22% to CNY 2,180,620.35 due to higher software tax refunds and VAT deductions[8] - The company reported a total comprehensive income of ¥9,924,206.61, up from ¥2,998,282.90 in the previous period[16] - The company recorded a decrease in research and development expenses to ¥11,425,726.17 from ¥12,707,173.28 in the previous period[14] - Other income increased to ¥2,180,620.35 from ¥786,600.55 in the previous period, indicating a growth of 177.5%[14] - The company’s financial expenses decreased by 90.70% to CNY -17,045.56, attributed to reduced interest income from lower deposit balances[8] - The company reported a significant reduction in expected liabilities, down 92.81% to CNY 215,799.52, due to the repayment of government subsidies[8] Inventory and Receivables - Inventory increased from ¥83,600,989.82 to ¥103,490,802.52, an increase of approximately 24%[11] - Accounts receivable decreased from ¥4,115,481.20 to ¥3,451,948.14, a decline of approximately 16.1%[11] - Total equity attributable to shareholders decreased by 3.15% to CNY 380,299,750.96 compared to the end of the previous year[5] - Total equity attributable to the parent company decreased from ¥392,673,065.91 to ¥380,299,750.96, a decline of approximately 3.4%[13]

Financial Performance - The company's operating revenue for Q3 2025 was ¥114,396,177.78, a decrease of 39.69% compared to the same period last year[4] - The net profit attributable to shareholders was -¥64,520,114.44, representing a decline of 826.54% year-on-year[4] - The basic earnings per share were -¥0.0539, down 828.51% from the previous year[4] - The company experienced a 50.28% decrease in operating income year-to-date, totaling ¥349,485,081.24[8] - Total operating revenue for the current period is ¥349,485,081.24, a decrease of approximately 50.3% compared to ¥702,946,521.06 in the previous period[27] - Net profit for the current period was CNY -74,852,595.70, slightly improved from CNY -77,153,662.72 in the previous period, reflecting a reduction in losses[29] - The company reported a total comprehensive loss of CNY -75,830,435.52, compared to CNY -80,394,710.64 in the previous period, indicating a narrowing of losses[29] - Basic and diluted earnings per share were both CNY -0.0619, an improvement from CNY -0.0638 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,891,422,851.38, a decrease of 7.25% from the end of the previous year[4] - Total assets decreased from ¥2,039,232,247.13 to ¥1,891,422,851.38, a decline of approximately 7.3%[25] - Total liabilities decreased from ¥1,884,006,692.89 to ¥1,812,027,732.66, a reduction of about 3.8%[25] - The company's total equity decreased from ¥155,225,554.24 to ¥79,395,118.72, a decline of approximately 48.9%[25] - The company’s total equity attributable to shareholders decreased by 42.32% to ¥101,180,250.48 compared to the previous year[4] Cash Flow - The company reported a net cash flow from operating activities of -¥55,706,073.36, a decline of 64.13% year-on-year[9] - Cash flow from operating activities showed a net outflow of CNY -55,706,073.36, worsening from CNY -33,940,597.54 in the previous period[31] - The company generated CNY 485,583,664.52 in cash from sales, a significant decrease from CNY 1,032,411,037.09 in the previous period, reflecting a decline in revenue[30] - Investment activities generated a net cash inflow of CNY 6,798,428.82, compared to a net outflow of CNY -14,712,225.61 in the previous period[31] - Financing activities resulted in a net cash outflow of CNY -33,081,016.47, an improvement from CNY -113,811,502.38 in the previous period[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,059[11] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 26.35% of shares, totaling 315,831,160 shares[11] - Jeffrey Zhaohuai Liu, an overseas natural person, holds 16.29% of shares, totaling 195,320,972 shares[11] - JHL Infinite LLC, an overseas legal entity, holds 16.13% of shares, totaling 193,366,623 shares[11] Investigations and Legal Matters - As of September 30, 2025, the total amount of frozen funds in the company's bank accounts is 36,948,362.40 RMB due to litigation and arbitration[19] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[12] - The company has been subject to additional risk warnings due to an inability to express an opinion in the internal control audit report[17] - The company has been issued a qualified opinion in the audit report due to significant uncertainties related to its ability to continue as a going concern[18] Operational Changes - Research and development expenses for the period were ¥33,022,976.90, down 38.77% compared to the previous year[8] - The company appointed Fan Zhou as the new vice president, effective from July 18, 2025[20] - The company has made corrections for prior accounting errors, which were approved in board meetings held on April 28 and December 30, 2024[13] Other Financial Metrics - Cash and cash equivalents decreased from ¥185,396,131.24 at the beginning of the period to ¥101,172,502.23 at the end, representing a decline of about 45.4%[23] - Accounts receivable decreased from ¥462,016,664.25 to ¥401,040,260.17, a reduction of approximately 13.2%[24] - Short-term borrowings increased significantly from ¥266,518,719.48 to ¥576,930,407.51, an increase of about 116.5%[25] - Long-term receivables decreased from ¥80,284,802.42 to ¥43,863,304.05, a reduction of about 45.5%[24] - Inventory increased from ¥222,143,568.25 to ¥237,619,577.74, an increase of approximately 7.0%[24] - Total operating costs for the period were CNY 496,474,435.33, compared to CNY 829,357,050.08 in the previous period, indicating a decrease of approximately 40%[28] - The company reported a tax expense of CNY 713,494.81, down from CNY 2,055,173.98 in the previous period, indicating a reduction in tax liabilities[28] - Investment income increased significantly by 2740.04%, reaching ¥12,490,037.40 due to the receipt of deferred tax asset-related payments[8]

Financial Performance - The company's revenue for Q3 2025 was ¥189,456,820.74, representing a decrease of 14.71% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥5,916,552.82, an increase in loss of 54.39% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.0084, reflecting a 54.35% increase in loss compared to the previous year[5]. - Total revenue for the period was RMB 547,135,134.63, a decrease from RMB 647,313,540.17 in the previous period, representing a decline of approximately 15.5%[25]. - The company reported a net loss of RMB 547,251,192.17, worsening from a loss of RMB 487,849,889.82 in the previous period[25]. - The net profit for the current period is -65,633,598.32, compared to -62,997,994.15 in the previous period, indicating a decline in profitability[27]. - The total comprehensive income for the current period is -67,685,700.66, compared to -64,773,700.93 in the previous period, reflecting a worsening financial position[27]. - The basic and diluted earnings per share are both -0.0841, slightly improved from -0.0892 in the previous period[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥972,033,900.13, down 11.44% from the end of the previous year[5]. - Cash and cash equivalents at the end of the period were RMB 243,651,006.41, down from RMB 274,993,555.24, a decrease of about 11.4%[23]. - Accounts receivable decreased to RMB 152,714,983.74 from RMB 200,271,930.85, a decline of approximately 23.7%[23]. - Total assets decreased to RMB 972,033,900.13 from RMB 1,097,563,382.30, a reduction of about 11.4%[24]. - Total liabilities decreased to RMB 475,048,153.53 from RMB 557,783,479.69, indicating a decline of approximately 14.8%[24]. - The total equity attributable to shareholders decreased to RMB 500,839,978.63 from RMB 539,401,838.67, a decline of about 7.1%[25]. Cash Flow - Operating cash flow net amount for the year-to-date was ¥52,533,716.22, showing a significant increase of 214.13%[5]. - The company reported a decrease in cash outflows from operating activities by ¥40,896,300, a decline of 5.86%[13]. - Cash flow from operating activities generated a net inflow of 52,533,716.22, a significant recovery from -46,030,115.76 in the previous period[28]. - Cash flow from investing activities resulted in a net outflow of -2,284,954.69, compared to -14,774,085.72 in the previous period, indicating reduced investment losses[29]. - Cash flow from financing activities showed a net outflow of -99,683,375.35, worsening from -40,346,582.95 in the previous period[29]. - The ending cash and cash equivalents balance is 146,042,675.76, down from 192,467,617.74 in the previous period[29]. - The company received cash from operating activities totaling 657,466,028.39, down from 698,362,316.15 in the previous period[28]. - The company paid 384,081,471.33 for goods and services, a decrease from 513,126,506.58 in the previous period[28]. Expenses - Management expenses increased by ¥23,039,500, a growth of 61.22%, primarily due to increased share-based payment expenses[9]. - R&D expenses rose by ¥18,934,100, a 41.65% increase, attributed to higher personnel costs in R&D[9]. - Research and development expenses increased to RMB 64,398,654.58 from RMB 45,464,519.48, reflecting a growth of approximately 41.7%[25]. - The company reported a tax expense of 3,557,976.55, compared to 1,578,307.39 in the previous period, indicating increased tax liabilities[27]. Future Outlook - The company plans to continue focusing on R&D to drive future growth despite the current financial challenges[25].

Financial Performance - The company's revenue for Q3 2025 was ¥163,742,176.20, a decrease of 13.29% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥11,482,207.82, down 23.10% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥8,620,812.63, reflecting a decline of 34.37% compared to the previous year[10]. - Total operating revenue for the current period was ¥532,797,977.19, a decrease of approximately 16% compared to ¥633,112,065.92 in the previous period[25]. - Net profit for the current period is 48,447,635.50, a decrease of 32.3% compared to 71,535,188.56 in the previous period[26]. - Operating profit for the current period is 55,378,873.91, down from 82,596,541.20, reflecting a decline of 33.0%[26]. - Total comprehensive income for the current period is 48,447,635.50, down 32.3% from 71,535,188.56 in the previous period[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,543,840,091.48, a decrease of 3.09% from the end of the previous year[5]. - Total liabilities decreased to ¥826,649,536.43 from ¥885,496,289.52, a decline of about 6.6%[24]. - The total assets decreased to ¥2,543,840,091.48 from ¥2,624,919,556.21, reflecting a reduction of about 3.1%[24]. - Long-term equity investments decreased to ¥13,914,675.17 from ¥15,428,520.01, a decline of approximately 9.8%[23]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥61,417,693.72, an increase of 109.82%[5]. - The net cash flow from operating activities increased to ¥61,417,693.72, a rise of 109.82% compared to the previous period's ¥29,272,022.08, primarily due to higher cash received from sales[14]. - Cash flow from operating activities increased to 61,417,693.72, compared to 29,272,022.08 in the previous period, representing a growth of 109.5%[27]. - Cash flow from investing activities resulted in a net outflow of -42,377,549.85, an improvement from -134,567,469.44 in the previous period[28]. - Cash flow from financing activities was -¥18,959,353.05, with a significant increase of 263.36% from the previous period, attributed to higher cash payments for debt repayment and dividends, along with stock buyback activities[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,471, with no preferred shareholders having restored voting rights[16]. - Qingdao Guoen Technology Co., Ltd. held the largest share, owning 21.18% (125,711,022 shares) of the company[16]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder having 21.18% and the smallest in the top ten holding 0.62%[16]. - The company has a repurchase account holding 10,573,400 shares, representing 1.78% of the total share capital[17]. - There were no changes in the number of preferred shareholders or significant changes in the top ten shareholders due to lending or borrowing of shares[18]. - The company reported a total of 3,962,437 restricted shares, with 116,287 shares released during the period[19]. Operating Costs and Expenses - Total operating costs decreased to ¥479,925,097.45 from ¥555,269,833.32, reflecting a reduction of about 13.5%[25]. - The company's net profit margin is under pressure due to increased operating expenses, with research and development expenses rising to ¥18,907,749.32 from ¥16,012,452.92, an increase of about 18%[25]. - Financial expenses increased by 130.70% to ¥1,137,785.38, primarily due to higher interest expenses[11]. Inventory and Receivables - Accounts receivable decreased to ¥173,096,032.96 from ¥206,201,924.73, representing a reduction of about 16%[22]. - Inventory increased significantly to ¥420,415,267.14 from ¥354,463,939.10, an increase of approximately 18.6%[22]. - The company's cash and cash equivalents decreased to ¥483,228,383.16 from ¥532,101,881.48, a decline of approximately 9.2%[22]. - The company reported a decrease in total assets impairment losses to -4,747,143.37 from -1,548,347.56, indicating a significant change in asset valuation[26].