Financial Performance - Total revenue for Q3 2025 was CNY 583,125,963.39, a decrease of 3.87% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 13,568,409.38, reflecting a 2.70% increase year-on-year, while net profit excluding non-recurring items dropped by 26.07%[4] - Total profit for the year-to-date was CNY 30,936,030.91, down 70.66% compared to the previous year[4] - Basic earnings per share for the year-to-date decreased by 71.43% to CNY 0.06[5] - The net profit for the first three quarters of 2025 was CNY 29,316,822.96, compared to CNY 84,097,309.62 in the same period of 2024, indicating a decline of approximately 65.2%[22] - The company reported a basic and diluted earnings per share of CNY 0.06 for the first three quarters of 2025, down from CNY 0.21 in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 was CNY 27,507,608.59, down from CNY 83,361,342.89 in the same period of 2024[23] Assets and Liabilities - The company's total assets increased by 24.85% to CNY 3,597,055,528.50 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to RMB 2,629,398,592.36, up from RMB 1,891,327,779.72 at the end of 2024, reflecting a growth of 38.9%[16] - Total assets increased to RMB 3,597,055,528.50 as of September 30, 2025, compared to RMB 2,881,151,326.22 at the end of 2024, representing a growth of 25.0%[18] - Total liabilities stood at RMB 725,638,703.44, slightly up from RMB 721,063,467.38 at the end of 2024, indicating a marginal increase of 0.8%[18] - The company's equity attributable to shareholders rose to RMB 2,863,512,258.40 from RMB 2,155,218,920.79, an increase of 33.0%[18] Cash Flow - Cash flow from operating activities for the year-to-date fell by 99.04% to CNY 1,183,970.27, primarily due to increased raw material procurement costs[10] - Cash flow from operating activities for the first three quarters of 2025 was CNY 1,183,970.27, a significant decrease from CNY 123,825,706.79 in the same period of 2024[25] - The company experienced a net cash outflow from investing activities of CNY 866,928,958.37 in the first three quarters of 2025, compared to a net inflow of CNY 56,922,339.66 in the same period of 2024[25] - Cash flow from financing activities generated a net inflow of CNY 787,395,605.39 in the first three quarters of 2025, contrasting with a net outflow of CNY 494,959,356.30 in the same period of 2024[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,478[11] - The company has not reported any changes in major shareholders or their participation in securities lending activities[14] Operational Metrics - Total operating revenue for the first three quarters of 2025 reached RMB 1,768,543,538.52, an increase of 5.3% compared to RMB 1,680,074,758.06 in the same period of 2024[21] - Total operating costs increased to CNY 1,758,046,129.77 from CNY 1,591,780,783.46, marking an increase of about 10.4%[22] - The company's cash and cash equivalents decreased to RMB 362,363,742.90 from RMB 501,484,395.94, a decline of 27.8%[16] - Inventory levels increased to RMB 384,738,019.23 from RMB 348,917,732.03, marking an increase of 10.3%[16] - Short-term borrowings increased to RMB 281,492,483.07 from RMB 234,458,680.92, reflecting a rise of 20.0%[17] - The company reported a decrease in accounts payable to RMB 248,710,939.54 from RMB 285,404,240.66, a reduction of 12.9%[17] Profitability Challenges - The company reported a significant decline in net profit due to rising raw material prices and increased marketing expenses[9] - The weighted average return on equity decreased by 2.76 percentage points to 0.99% year-to-date[5] - The company reported a decrease in other comprehensive income after tax of CNY -1,809,214.37 for the first three quarters of 2025, compared to CNY -735,966.73 in the same period of 2024[23]

密尔克卫智能供应链服务集团股份有限公司2025 年第三季度报告 证券代码：603713 证券简称：密尔克卫 转债代码：113658 转债简称：密卫转债 密尔克卫智能供应链服务集团股份有限公司 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 | 项目 | 本报告期 | 本报告期比上年同期 增减变动幅度(%) | 年初至报告期末 | 年初至报告期末比 上年同期增减变动 | | --- | --- | --- | --- | --- | | | | | | 幅度(%) | | 营业收入 | 3,635,243,468.91 | 2.10 | ...

Revenue and Profit - In Q3 2025, the company achieved operating revenue of CNY 285.08 million, a year-on-year increase of 12.85%[4] - For the first three quarters of 2025, the total operating revenue reached CNY 801.49 million, reflecting an 8.63% increase compared to the same period last year[4] - The total profit for Q3 2025 was CNY 90.04 million, a decrease of 7.55% year-on-year, while the total profit for the first three quarters was CNY 232.59 million, down 29.57%[2] - The net profit attributable to shareholders for Q3 2025 was CNY 97.36 million, up 3.73% year-on-year, but down 21.48% for the first three quarters at CNY 242.99 million[2] - Net profit for the first three quarters of 2025 was CNY 216,606,697.64, a decrease of 25.8% compared to CNY 291,828,970.75 in the same period of 2024[22] - Operating profit for the first three quarters of 2025 was CNY 222,671,988.14, down from CNY 330,546,624.83 in the previous year, reflecting a decline of 32.7%[22] - Total comprehensive income for the first three quarters of 2025 was CNY 216,606,697.64, compared to CNY 291,828,970.75 in 2024, indicating a decrease of 25.8%[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.89, down from CNY 1.14 in the same period of 2024[23] Research and Development - R&D investment for Q3 2025 amounted to CNY 34.74 million, representing 12.19% of operating revenue, an increase of 2.34 percentage points year-on-year[3] - The company plans to continue increasing R&D investment, which totaled CNY 105.04 million for the first three quarters, up 81.39% year-on-year[6] - Research and development expenses increased by 81.39% due to a higher number of projects and increased testing and material costs[11] - Research and development expenses rose significantly to ¥105,042,593.98, compared to ¥57,910,827.15 in the previous year, reflecting a 81.5% increase[21] - Research and development expenses increased significantly to RMB 78.69 million in 2025, up 82.5% from RMB 43.07 million in 2024[32] Assets and Liabilities - The company’s total assets as of the end of Q3 2025 were CNY 6.74 billion, an increase of 11.51% from the end of the previous year[3] - The company's total assets as of September 30, 2025, amounted to ¥6,743,106,783.74, up from ¥6,046,855,806.87 at the end of 2024[19] - Current assets totaled ¥4,529,267,873.00, an increase from ¥4,199,784,479.99 in the previous year[17] - The total liabilities increased to ¥1,821,149,579.32 from ¥1,373,283,425.24, indicating a growth of 32.5%[18] - Total liabilities increased to RMB 1.20 billion in 2025 from RMB 693.56 million in 2024, marking an increase of 73.1%[28] - The company's total equity rose to RMB 4.70 billion in 2025, compared to RMB 4.59 billion in 2024, indicating a growth of 2.4%[29] Cash Flow - The net cash flow from operating activities increased by 60.60% as subsidiary operations stabilized[11] - Cash flow from operating activities for the first three quarters of 2025 was CNY 251,479,279.49, an increase of 60.5% compared to CNY 156,583,400.55 in 2024[25] - Cash inflow from investment activities in the first three quarters of 2025 was CNY 11,594,145,663.43, up from CNY 9,592,519,433.51 in 2024, representing a growth of 20.9%[25] - Cash outflow from investment activities for the first three quarters of 2025 was CNY 11,702,058,238.38, compared to CNY 10,459,279,986.15 in 2024, reflecting an increase of 11.9%[25] - Net cash flow from financing activities for the first three quarters of 2025 was CNY -56,314,929.51, a significant decrease from CNY 319,033,017.42 in the previous year[25] - The ending balance of cash and cash equivalents as of September 30, 2025, was CNY 906,057,290.99, compared to CNY 693,857,872.58 at the end of the same period in 2024[25] Inventory and Receivables - Accounts receivable financing decreased by 50.28% due to the maturity acceptance of receivable notes[10] - Prepayments increased by 92.72% primarily due to advance payments for materials from Huayin Technology and Huayin Acoustics[10] - Inventory rose by 56.52% driven by increased sales orders and higher costs of raw materials and contract performance[10] - The company's inventory increased to ¥344,168,729.43, compared to ¥219,888,011.77 in the previous year, reflecting a 56.5% increase[16] Other Financial Metrics - Other income rose by 114.40% primarily from increased government subsidies compared to the same period last year[11] - The company reported a net investment income of ¥36,434,981.19, down from ¥41,722,041.03 in the same period last year[21] - The company reported a credit impairment loss of CNY -16,263,076.99 for the first three quarters of 2025, compared to a gain of CNY 11,085,007.14 in the previous year[22] - The company received tax refunds amounting to $9.3 million in 2025, which was not recorded in 2024[36]

新智认知数字科技股份有限公司 2025 年第三季度报告 证券代码：603869 证券简称：ST 智知 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 | 142,331,817.37 | 24.60 | 419,020,560.39 | 0.71 | | 利润总额 | 24,718,585.39 | 不适用 | 55,072,531.88 | 616.99 | | 归属于上市公司股东的 净利润 | 20,045,422.61 | 不适用 | 36,957,962.37 | 87.48 | | 归属于上市公司股东的 扣除非经常性损益的净 | 18,405,305.30 | 不适用 | 31,403,389.04 | 292.36 | | 利润 | | | | | 新智认知数字科技股份有限公司 ...

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。 第三季度财务报表是否经审计 □是√否 一、主要财务数据 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。 际华集团股份有限公司 2025 年第三季度报告 证券代码：601718 证券简称：际华集团 际华集团股份有限公司 2025 年第三季度报告 际华集团股份有限公司 2025 年第三季度报告 | 基本每股收益（元/股） | -0.024 | 不适用 | -0.042 | | 不适用 | | --- | --- | --- | --- | --- | --- | | 稀释每股收益（元/股） | -0.024 | 不适用 | -0.042 | | 不适用 | | 加权平均净资产收益率（%） | -0.87 | 减少 0.72 | | 减少 个百 1.24 | | ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥496,972,538.44, representing a year-on-year increase of 4.81%[4] - The total profit for the period reached ¥370,822,963.15, showing a significant increase of 99.90% compared to the same period last year[4] - Net profit attributable to shareholders was ¥238,546,348.52, marking a substantial growth of 115.46% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥227,343,315.74, reflecting a 119.92% increase compared to the previous year[4] - The basic earnings per share for the period was ¥0.16, up by 116.51% from the same quarter last year[6] - The company reported a significant increase in non-operating income, which rose by 72.35% year-to-date, primarily due to increased donations received[11] - Operating profit for the first three quarters of 2025 was ¥1,225,961,860.59, up 27% from ¥965,389,882.19 in the first three quarters of 2024[21] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥830,062,599.94, representing a 23.5% increase from ¥672,356,325.80 in the same period of 2024[22] - The company achieved a comprehensive income total of ¥992,994,787.93 for the first three quarters of 2025, compared to ¥770,469,248.26 in the same period of 2024, marking an increase of 28.8%[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.55, up from ¥0.45 in the same period of 2024, reflecting a growth of 22.2%[22] - Net profit for the first three quarters of 2025 was ¥600,379,922.24, representing a year-on-year increase of 7.6% from ¥558,013,235.53 in 2024[31] - The total profit for the first three quarters of 2025 was ¥764,816,814.00, up 5.4% from ¥725,341,900.84 in 2024[31] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥35,593,017,494.02, a slight increase of 0.65% from the end of the previous year[6] - The equity attributable to shareholders increased to ¥15,080,591,558.05, which is a 4.41% rise compared to the previous year[6] - Total current assets as of September 30, 2025, amount to ¥16,696,569,834.53, a slight decrease from ¥16,897,840,203.85 at the end of 2024[17] - Total non-current assets as of September 30, 2025, are ¥18,896,447,659.49, up from ¥18,465,442,134.87[18] - Total assets increased to ¥35,593,017,494.02 from ¥35,363,282,338.72[18] - Current liabilities decreased to ¥7,906,706,118.88 from ¥9,369,957,746.92[18] - Long-term borrowings increased to ¥6,197,396,164.69 from ¥5,128,188,854.49, indicating a rise of approximately 20.9%[18] - Total liabilities decreased to ¥15,593,340,111.50 in 2025 from ¥16,159,522,921.08 in 2024, reflecting a reduction of approximately 3.5%[19] - Total equity increased to ¥19,999,677,382.52 in 2025, up from ¥19,203,759,417.64 in 2024, indicating a growth of about 4.1%[19] Cash Flow - Cash flow from operating activities for the year-to-date was ¥911,207,975.30, representing a 42.83% increase[6] - Operating cash flow generated from operating activities was RMB 911,207,975.30, an increase from RMB 637,988,619.51 year-over-year[25] - Cash inflow from investment activities totaled RMB 582,135,487.01, compared to RMB 283,517,126.42 in the previous period[26] - Net cash flow from financing activities was negative at RMB -876,755,254.12, worsening from RMB -542,417,956.92 year-over-year[26] - Cash flow from operating activities for the first three quarters of 2025 was ¥610,254,118.34, compared to ¥574,217,549.37 in 2024, indicating a 6.3% increase[33] - Cash flow from investing activities showed a net inflow of ¥50,014,374.23 in 2025, a recovery from a net outflow of ¥370,404,189.72 in 2024[34] - Cash flow from financing activities resulted in a net outflow of ¥1,134,621,711.50 in 2025, worsening from a net outflow of ¥600,776,976.85 in 2024[34] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,162[14] - The largest shareholder, Suzhou Zhongfang Holdings, holds 701,480,000 shares, representing 46.80% of total shares[15] - The second largest shareholder, Singapore-Suzhou Township Development PTE, holds 377,720,000 shares, accounting for 25.20%[15] - The company has not disclosed any significant changes in shareholder relationships or actions[16] Operational Efficiency - The company reported a gross profit margin improvement, with total operating costs rising to ¥1,916,804,352.15, compared to ¥1,327,589,388.23 in the previous year[20] - Research and development expenses decreased to ¥7,838,229.71 in 2025 from ¥9,255,435.28 in 2024, showing a reduction of approximately 15.3%[21] - The company reported a decrease in operating costs to ¥692,489,689.41 in 2025 from ¥186,184,329.85 in 2024, reflecting a significant increase in operational efficiency[30] - The company’s investment income rose to ¥141,911,325.80 in 2025, compared to ¥76,472,415.17 in 2024, marking an increase of 85.7%[31] Inventory and Cash Management - The company reported a decrease in inventory to RMB 1,279,748,238.24 from RMB 1,755,883,038.94[27] - The company's cash and cash equivalents at the end of the period were RMB 2,788,522,466.31, slightly up from RMB 2,725,479,780.02[26] - The company’s cash and cash equivalents at the end of September 2025 were ¥1,120,588,233.64, down from ¥1,465,661,181.67 at the end of September 2024[34]

Financial Performance - The company's operating revenue for the third quarter was ¥675,671,865.44, an increase of 18.34% compared to the same period last year[3] - The total profit for the quarter decreased by 47.06% to ¥37,894,696.72, while the net profit attributable to shareholders fell by 43.72% to ¥35,917,400.28[3] - The basic earnings per share decreased by 45.00% to ¥0.11, and diluted earnings per share also fell by 42.11% to ¥0.11[3] - Net profit for the first three quarters of 2025 was ¥161,905,952.90, a decrease of 15.3% from ¥191,268,779.27 in 2024[20] - Earnings per share for the first three quarters of 2025 were ¥0.55, down from ¥0.61 in the same period of 2024[21] - The company reported a total comprehensive income of ¥130,020,418.63 for the first three quarters of 2025, down from ¥177,550,601.27 in 2024, a decrease of 26.7%[21] Cash Flow - The net cash flow from operating activities dropped significantly by 69.45% to ¥65,310,133.05[3] - The cash received from sales and services decreased significantly, accounting for 80.09% of the total reduction in net cash flow from operating activities[8] - The net cash flow from operating activities was $194,599,279.67, a decrease of 61.8% compared to $510,252,450.58 in the previous period[23] - Cash inflow from investment activities totaled $40,969,101.34, significantly lower than $930,650,810.45 from the prior period[23] - The total cash and cash equivalents at the end of the period stood at $966,255,277.83, down from $1,378,234,278.70 at the beginning of the period[24] - The company reported a net increase in cash and cash equivalents of -$159,562,942.97, compared to -$102,283,804.43 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,864,754,474.93, reflecting a 9.19% increase from the end of the previous year[4] - The equity attributable to shareholders decreased by 11.17% to ¥3,363,507,381.94 compared to the end of the previous year[4] - Total current assets as of September 30, 2025, amounted to RMB 2,402,204,522.98, a decrease from RMB 2,464,406,047.41 as of December 31, 2024[15] - Total liabilities increased to ¥2,329,271,473.26 in 2025 from ¥1,464,637,297.46 in 2024, reflecting a growth of 58.9%[17] - Total equity decreased to ¥3,535,483,001.67 in 2025 from ¥3,906,262,930.15 in 2024, a decline of 9.5%[17] Operational Efficiency and Future Plans - The company reported a significant decline in net profit due to increased costs from the employee stock ownership plan and lower profitability from its Vietnam subsidiary[7] - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[7] Shareholder Information - Total number of common shareholders at the end of the reporting period was 28,529[10] - The largest shareholder, Dongyang Huasheng Enterprise Management Partnership, holds 49,228,260 shares, representing 14.94% of total shares[11] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥84,677,074.95, compared to ¥71,355,522.06 in 2024, indicating a 18.7% increase[20] - Other income for the first three quarters of 2025 was ¥20,333,796.49, up from ¥18,526,402.21 in 2024, reflecting a growth of 9.7%[20]

安徽巨一科技股份有限公司 2025 年第三季度报告 证券代码：688162 证券简称：巨一科技 安徽巨一科技股份有限公司 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 | 1,065,054,726.09 | 28.58 | 2,96 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥493,784,517.38, representing a year-on-year increase of 120.94%[4] - The total profit for the year-to-date period was ¥156,914,493.86, showing a significant increase of 718.81% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was ¥79,435,193.05, with a year-to-date net profit of ¥155,749,482.51, reflecting a year-on-year growth of 234.83%[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,160,730,703.68, a significant increase of 46.5% compared to ¥792,459,841.33 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥156,826,388.43, compared to ¥19,475,117.11 in the first three quarters of 2024, reflecting a substantial improvement[21] - Net profit for the first three quarters of 2025 was ¥155,749,482.51, up from ¥46,515,406.79 in the same period of 2024, indicating a growth of 234.5%[21] Research and Development - Research and development expenses totaled ¥57,749,573.84 for the quarter, accounting for 11.70% of operating revenue, a decrease of 23.70 percentage points from the previous year[5] - Research and development expenses for the first three quarters of 2025 were ¥183,088,923.76, slightly down from ¥187,046,682.66 in the same period of 2024[21] Assets and Liabilities - The company's total assets increased by 18.10% year-on-year, reaching ¥8,604,456,558.14 at the end of the reporting period[5] - Total assets increased to ¥8,604,456,558.14 in 2025 from ¥7,285,685,073.58 in 2024, representing a growth of 18.1%[19] - Total liabilities rose to ¥3,672,539,661.49 in 2025, compared to ¥2,467,752,234.53 in 2024, marking an increase of 48.8%[19] Cash Flow - The net cash flow from operating activities was negative at -¥206,750,350.74 for the year-to-date period[5] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 910,411,686.10, an increase of 23.2% compared to CNY 738,502,896.24 in the same period of 2024[24] - The net cash flow from operating activities was -CNY 206,750,350.74, an improvement from -CNY 233,877,728.29 in the previous year[24] - The cash inflow from investment activities totaled CNY 7,823,931,891.29, a decrease of 14.8% from CNY 9,189,521,338.60 in 2024[25] - The net cash flow from investment activities was -CNY 478,518,140.24, showing a significant improvement from -CNY 1,443,063,227.56 in the previous year[25] - The cash inflow from financing activities was CNY 1,116,815,897.59, an increase of 46.2% compared to CNY 764,239,806.74 in 2024[25] - The net cash flow from financing activities was CNY 518,871,230.06, a substantial increase from CNY 80,116,304.53 in the previous year[25] Shareholder Information - The company has not reported any significant changes in shareholder relationships or actions among the top ten shareholders[13] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding approximately 45.04 million shares[12] Market Expansion and Product Development - The company has expanded its market presence significantly, particularly in the civilian sector, leading to substantial growth in customized 3D printing product revenue[9] - The company has plans for market expansion and new product development, aiming to leverage its technological advancements in additive manufacturing[20] Other Financial Metrics - The basic earnings per share for the third quarter was ¥0.2928, with a year-to-date figure of ¥0.5742, marking an increase of 235.20%[5] - The weighted average return on equity for the year-to-date period was 1.61%, an increase of 2.20 percentage points compared to the previous year[5] - The company reported non-recurring gains of ¥13,556,452.74 for the quarter, with total non-recurring gains for the year-to-date period amounting to ¥46,511,420.28[8] - The total current assets as of September 30, 2025, amounted to approximately RMB 4.77 billion, an increase from RMB 4.27 billion as of December 31, 2024, reflecting a growth of about 11.7%[17] - Cash and cash equivalents decreased to approximately RMB 1.01 billion from RMB 1.19 billion, representing a decline of about 15%[17] - Accounts receivable increased significantly to approximately RMB 1.28 billion, up from RMB 963.81 million, indicating a growth of approximately 32.8%[17] - Inventory surged to approximately RMB 1.45 billion, compared to RMB 827.39 million, marking an increase of around 75%[17] - The total non-current assets reached approximately RMB 2.51 billion, up from RMB 1.83 billion, reflecting a growth of about 37.1%[17] - Fixed assets increased to approximately RMB 2.11 billion from RMB 1.50 billion, showing a growth of about 40.8%[17] - The company reported a significant increase in long-term equity investments, rising to approximately RMB 61.44 million from RMB 33.26 million, a growth of about 84.6%[17]

Financial Performance - The company's operating revenue for the third quarter was ¥117,114,441.28, representing a year-on-year increase of 32.07%[4] - The total profit for the third quarter was -¥51,042,391.31, a decrease of 547.94% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was -¥50,361,717.42, reflecting a decline of 568.87% year-on-year[4] - The basic earnings per share for the third quarter was -¥0.55, a decrease of 558.33% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥373,035,415.07, a 26.4% increase from ¥295,083,917.38 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was a loss of ¥65,473,002.02, compared to a profit of ¥2,375,808.36 in the same period of 2024[19] - The company's basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.71, compared to ¥0.03 in 2024[20] - The company reported a total comprehensive loss of ¥65,488,720.12 for the first three quarters of 2025, compared to a comprehensive income of ¥2,286,748.96 in 2024[20] - The company reported a net loss of CNY 76,807,931.41 for the first three quarters of 2025, compared to a net loss of CNY 8,472,040.10 in the same period of 2024, indicating a significant decline in profitability[30] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.83, compared to CNY -0.09 in the same period of 2024, reflecting worsening earnings performance[30] - The company reported a total comprehensive loss of CNY 76,823,649.51 for the first three quarters of 2025, compared to a loss of CNY 8,561,099.50 in the same period of 2024[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥723,838,190.04, an increase of 5.35% from the end of the previous year[5] - The equity attributable to shareholders decreased by 17.76% to ¥305,540,903.36 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥316,634,074.29, an increase from ¥289,093,581.68 as of December 31, 2024[14] - Total liabilities as of September 30, 2025, are ¥421,960,238.11, up from ¥318,769,090.52[15] - Current liabilities increased significantly to ¥405,746,721.18 from ¥263,711,620.51[15] - Non-current assets total ¥407,204,115.75, compared to ¥397,963,831.89 in the previous period[14] - The total assets as of September 30, 2025, are ¥723,838,190.04, compared to ¥687,057,413.57 previously[14] - The total equity attributable to shareholders of the parent company was ¥305,540,903.36, down from ¥371,534,969.03[16] - The total liabilities and equity amounted to ¥723,838,190.04, compared to ¥687,057,413.57 in the previous year[16] - Total liabilities increased to CNY 430,433,909.06 from CNY 297,536,016.16 year-over-year[28] - The total equity decreased to CNY 569,251,234.79 from CNY 646,996,535.30 year-over-year[28] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥861,411.84, indicating a significant cash outflow[4] - Cash inflow from operating activities totaled ¥756,710,879.53, significantly higher than ¥275,436,013.28 in the previous year[22] - Operating cash flow for the first three quarters of 2025 was CNY 9,011,839.47, a recovery from a negative cash flow of CNY 47,869,912.14 in the same period of 2024[33] - Total cash inflow from operating activities reached CNY 729,924,566.79, up from CNY 267,608,759.17 in the previous year, reflecting a strong increase in sales and service revenue[32] - The company incurred cash outflows of CNY 720,912,727.32 from operating activities, compared to CNY 315,478,671.31 in the previous year, indicating increased operational expenses[33] - Cash flow from investing activities showed a net outflow of CNY 11,199,537.60, contrasting with a net inflow of CNY 6,367,375.30 in the same period of 2024, suggesting increased investment expenditures[33] - Cash flow from financing activities resulted in a net outflow of CNY 3,477,277.62, compared to a net inflow of CNY 31,950,754.46 in the previous year, indicating a shift in financing strategy[33] - The company’s cash and cash equivalents at the end of the period stood at CNY 8,930,170.50, a decrease from CNY 17,704,341.47 at the beginning of the period[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,730[11] - The largest shareholder, Duan Peizhang, holds 23,094,300 shares, accounting for 24.74% of total shares[11] Expenses - Total operating costs increased to ¥434,188,277.92, up 49.4% from ¥290,480,748.16 year-over-year[18] - Research and development expenses for the first three quarters of 2025 were ¥4,269,140.07, an increase from ¥3,667,604.53 in 2024[18] - Financial expenses rose to ¥6,091,040.25, compared to ¥4,801,048.50 in the same period last year[19] - Research and development expenses were not explicitly reported but are included in the overall management expenses of CNY 30,418,129.71 for the first three quarters of 2025[29] Investment Activities - The company incurred a net loss from investment activities of CNY -11,346,537.60, compared to a gain of CNY 6,149,971.30 in the previous year[23] - The company reported a net loss from investments of CNY -342,425.60, contrasting with a profit of CNY 1,998,043.33 in the same period last year[29] Accounting Standards - The company has not applied new accounting standards or interpretations for the first time in 2025, maintaining consistency in financial reporting[34]