Financial Performance - The company's operating revenue for Q3 2025 reached ¥159,776,208.50, representing a 48.93% increase year-over-year[5] - The net profit attributable to shareholders was -¥7,671,844.56, a decline of 224.29% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,305,931.01, down 428.81% year-over-year[5] - The company's gross profit margin decreased, leading to a net profit decline of 590.95% year-over-year, primarily due to increased bad debt losses[9] - The net profit for the current period is -21,145,783.04, compared to -3,060,397.96 in the previous period, indicating a significant increase in losses[25] - Operating profit decreased to -25,282,336.71 from -5,645,056.59, reflecting a worsening operational performance[25] - The total comprehensive income attributable to the parent company was -19,211,379.88, compared to -4,679,923.52 previously, highlighting increased losses[26] - Basic and diluted earnings per share both stand at -0.1685, compared to -0.041 in the previous period, indicating a decline in profitability per share[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,628,176,580.49, an increase of 1.68% from the end of the previous year[5] - The total current assets as of September 30, 2025, were CNY 1,310,939,970.25, slightly down from CNY 1,321,236,036.21 at the beginning of the period[21] - The total liabilities increased to CNY 683,429,926.35 from CNY 630,050,270.99, reflecting a growth of approximately 8.4%[22] - Non-current assets totaled CNY 317,236,610.24, up from CNY 280,007,671.77, marking an increase of about 13.3%[22] - The company’s total equity decreased to CNY 944,746,654.14 from CNY 971,193,436.99, reflecting a decline of approximately 2.7%[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥31,974,830.48, a decrease of 235.49% compared to the same period last year[11] - Cash flow from operating activities showed a net outflow of -31,974,830.48, worsening from -9,530,771.49 in the previous period[28] - Investment activities resulted in a net cash outflow of -16,284,880.60, compared to -18,313,811.31 previously, indicating a slight improvement[28] - Financing activities generated a net cash inflow of ¥72,834,581.55, a 72.45% increase compared to the previous year, mainly due to increased loans for a specific project[11] - Financing activities generated a net cash inflow of 72,834,581.55, up from 42,234,026.32, reflecting increased financing efforts[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,975[13] - The largest shareholder, Yu Yongfang, holds 17.35% of shares, totaling 19,782,000 shares[13] - The second-largest shareholder, Ye Jianbiao, holds 16.76% of shares, totaling 19,110,000 shares[13] - A total of 57,027,914 shares were subject to lock-up agreements, with 13,056,750 shares released during the period[15] Corporate Developments - The company completed the election of the board of directors and supervisory board on February 11, 2025[16] - On February 20, 2025, the general manager Ye Jianbiao was placed under investigation but was released from detention on July 29, 2025[17] - 52,227,000 shares issued prior to the IPO were listed for trading on March 7, 2025[17] - The company established a wholly-owned subsidiary, Guizhou Huashi Technology Co., Ltd., with a registered capital of CNY 2,000,000, focusing on information system integration and AI application software development[6] Revenue and Costs - The total operating revenue for the current period reached CNY 353,370,234.61, compared to CNY 220,481,035.93 in the previous period, representing an increase of approximately 60%[24] - The total operating costs amounted to CNY 381,569,596.80, up from CNY 244,932,682.17 in the previous period, indicating a rise of about 55.5%[24] - The company reported a significant increase in sales expenses, rising to 10,169,142.73 from 9,211,172.43, which may impact future profitability[25] Inventory and Receivables - The company's inventory decreased by 3.61% to ¥322,864,773.59, reflecting a reduction in ongoing projects compared to the previous period[8] - The company reported a decrease in accounts receivable from CNY 313,167,970.30 to CNY 293,792,180.78, a decline of about 6.2%[20] - The company experienced a 61.62% decrease in investment income, amounting to ¥289,001.64, due to reduced returns from financial investments[9] Cash and Equivalents - The company reported a cash and cash equivalents rise to CNY 539,843,333.82 from CNY 517,146,463.26, showing an increase of approximately 4.3%[20] - The cash and cash equivalents at the end of the period amounted to 536,443,955.46, compared to 519,051,089.03 at the end of the previous period, showing a slight increase[28]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥106,230,394.82, representing a 31.60% increase year-over-year and a 50.52% increase year-to-date[5]. - Net profit attributable to shareholders was ¥491,214.55, a significant increase of 105.43% compared to the same period last year, while year-to-date net profit showed a loss of ¥9,214,059.60, improving by 78.05%[5]. - Basic and diluted earnings per share were both ¥0.0007, reflecting a 105.34% increase compared to the same period last year[5]. - Total operating revenue for the current period reached ¥287,764,466.74, a significant increase from ¥191,177,348.10 in the previous period, representing a growth of approximately 50.6%[21]. - The net profit for the current period was a loss of ¥12,792,055.86, compared to a loss of ¥46,153,383.93 in the previous period, showing an improvement of approximately 72.2%[22]. - The total comprehensive loss for the current period was ¥13,213,479.85, compared to a loss of ¥46,678,054.19 in the previous period, indicating a significant reduction in losses[24]. Cash Flow - The net cash flow from operating activities was ¥7,228,650.64, marking a 148.58% increase year-to-date[5]. - Operating cash inflow for the current period reached ¥317,927,706.74, an increase of 42% compared to ¥224,183,418.97 in the previous period[26]. - Cash inflow from financing activities was ¥229,065,626.77, compared to ¥144,500,000.00 in the previous period, marking a 58% increase[27]. - Net cash flow from financing activities improved to ¥9,519,321.58 from a net outflow of ¥310,174.79 in the previous period[27]. - Cash received from sales of goods and services was ¥299,005,117.48, up from ¥213,335,761.21, reflecting a growth of 40%[26]. - Cash outflow from investing activities totaled ¥10,562,716.99, up from ¥4,762,455.65 in the previous period, resulting in a net cash outflow of ¥10,510,188.85[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥958,973,265.43, a decrease of 1.84% from the end of the previous year[5]. - Current liabilities totaled ¥442,891,496.94, down from ¥506,446,855.63, a reduction of approximately 12.5%[19]. - Long-term borrowings increased significantly to ¥89,100,000.00 from ¥29,583,923.00, marking an increase of about 201.5%[19]. - The company reported a decrease in contract liabilities by 30.07% to ¥47,548,654.42, mainly due to the recognition of previously received game payments as revenue[9]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 47,685[12]. - The largest shareholder, Fujian Fuchun Investment Co., Ltd., holds 14.90% of shares, totaling 102,868,158 shares[12]. - The total number of preferred stock shareholders is not applicable[13]. - The total number of restricted shares at the end of the period is 1,077,000, down from 1,324,500 due to the release of 247,500 shares[14]. - The company has not disclosed any changes in the shareholding structure of the top 10 shareholders due to margin trading[12]. Management Changes - The company plans to elect Yang Fangxi as the new chairman following the resignation of Miao Fuzhang in September 2025[15]. - The company appointed Xing Bing as the new vice president and CFO after Lin Mei's resignation in October 2025[15]. Expenses - The company reported a significant increase in sales expenses, which rose to ¥57,985,860.48, a staggering 1783.86% increase year-over-year due to increased marketing efforts for new game launches[9]. - The company continues to invest in research and development, with R&D expenses reported at ¥39,015,330.29, down from ¥51,910,333.19, reflecting a strategic focus on cost management[22]. Audit Information - The company did not undergo an audit for the third quarter financial report[28].

Financial Performance - The company's revenue for Q3 2025 was ¥210,666,298.03, representing a 2.12% increase compared to the same period last year[5] - Net profit attributable to shareholders decreased by 69.78% to ¥3,483,178.38, while the net profit after deducting non-recurring gains and losses was a loss of ¥2,408,832.13, down 132.46%[5] - The basic earnings per share fell by 66.67% to ¥0.03, and the diluted earnings per share also decreased by 66.67% to ¥0.03[5] - The total profit decreased by 34.76% to ¥89,762,419.51, mainly due to a decline in other income and an increase in selling expenses[11] - Net profit for the period was ¥67,533,957.37, a decrease of 35% from ¥103,880,930.99 in the previous period[22] - The net profit attributable to the parent company shareholders for the current period is ¥67,533,957.37, a decrease from ¥103,880,930.99 in the previous period, representing a decline of approximately 35%[23] - The basic and diluted earnings per share for the current period are both ¥0.52, down from ¥0.80 in the previous period, indicating a decrease of 35%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,573,522,870.15, a decrease of 1.01% from the end of the previous year[5] - The company's total assets at the end of the period were ¥2,573,522,870.15, slightly down from ¥2,599,826,835.65 at the beginning of the period[20] - Current assets totaled ¥1,973,514,967.71, a marginal increase from ¥1,956,564,851.93 at the start of the period[19] - Total liabilities decreased to ¥489,563,880.76 from ¥505,641,803.63, a reduction of 3.2%[20] - The company's equity attributable to shareholders was ¥2,083,958,989.39, down from ¥2,094,185,032.02, a decline of 0.5%[20] Cash Flow - Cash flow from operating activities showed a net outflow of ¥59,807,199.37, a significant decline of 338.14% compared to the previous year[12] - The net cash flow from operating activities for the current period is -¥59,807,199.37, compared to a positive cash flow of ¥25,114,423.58 in the previous period[24] - Cash inflow from operating activities totaled ¥742,593,774.27, slightly increasing from ¥738,842,921.20 in the previous period[25] - Cash outflow from operating activities increased to ¥802,400,973.64 from ¥713,728,497.62 in the previous period, reflecting a rise of approximately 12.4%[25] - The net cash flow from investing activities for the current period is ¥125,915,469.76, down from ¥419,637,828.38 in the previous period, indicating a decrease of approximately 70%[26] - Cash and cash equivalents at the end of the period stand at ¥600,966,962.50, compared to ¥423,212,569.38 at the end of the previous period, showing an increase of approximately 42%[26] - The total cash inflow from investment activities is ¥4,744,655,024.60, up from ¥3,761,863,154.81 in the previous period, representing an increase of approximately 26%[25] - The total cash outflow from investment activities is ¥4,618,739,554.84, compared to ¥3,342,225,326.43 in the previous period, reflecting an increase of approximately 38%[26] - The net cash flow from financing activities is -¥93,403,140.43, slightly improved from -¥94,187,458.77 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,636[14] - Liu Wei holds 45.81% of the shares, amounting to 59,372,690 shares[14] - The total number of restricted shares at the beginning of the period was 69,597,345, with 13,938,549 shares added during the period, resulting in a total of 83,535,894 restricted shares at the end[16] - The largest shareholder, Liu Wei, has 58,832,690 restricted shares, which will be released on March 9, 2026[16] - The second-largest shareholder, Cao Shengkui, holds 9,058,135 shares, with 1,509,689 shares added during the period[16] - The company has a total of 3,265,888 shares held by Beijing Liyuan Zhengtong Investment Partnership[14] - The top ten shareholders include individuals and investment firms, with significant holdings from natural persons[14] - The company has not reported any changes in the participation of major shareholders in margin trading activities[15] - The total number of shares held by the top ten unrestricted shareholders is 6,000,000 shares[15] - The company has a clear lock-up period for its major shareholders, with most set to expire on March 9, 2026[16] Operating Revenue and Costs - Total operating revenue for the period reached ¥707,894,683.93, an increase of 3.2% compared to ¥686,680,691.23 in the previous period[22] - Total operating costs amounted to ¥621,762,496.48, up 10.1% from ¥564,627,104.14 in the prior period[22] - The company reported a significant increase in sales expenses, which rose to ¥298,843,168.32 from ¥239,151,552.39, an increase of 24.9%[22]

Financial Performance - The company's revenue for Q3 2025 reached ¥469,757,245.95, an increase of 45.38% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 45.47% to ¥18,846,476.77 for Q3 2025, while the net profit after deducting non-recurring gains and losses was ¥20,401,844.20, down 37.25%[5] - Year-to-date revenue from January to September 2025 was ¥1,243,981,173.02, reflecting a growth of 34.72% year-on-year[12] - Total operating revenue for the current period reached ¥1,243,981,173.02, an increase of 34.7% compared to ¥923,415,008.58 in the previous period[22] - Net profit for the current period was ¥104,098,915.24, representing a growth of 22% from ¥85,379,844.58 in the previous period[23] - The total comprehensive income for the current period was ¥103,956,678.24, compared to ¥84,967,723.89 in the previous period, reflecting an increase of 22.3%[23] Assets and Liabilities - The company's total assets increased by 37.52% to ¥2,979,389,924.57 compared to the end of the previous year[5] - Total assets increased to ¥2,979,389,924.57, compared to ¥2,166,541,137.39 in the previous year, reflecting a growth of 37.5%[21] - Total liabilities rose to ¥1,375,900,989.01, up from ¥631,839,933.33, indicating a significant increase of 117%[21] - The company's long-term liabilities totaled ¥465,141,710.93, a significant increase from ¥22,149,684.61 in the previous year[21] Cash Flow - Cash flow from operating activities showed a significant decline of 60.40%, totaling ¥44,559,511.10 year-to-date[5] - Operating cash inflow totaled 797,814,173.01 yuan, down from 904,438,844.00 yuan in the previous period, reflecting a decrease of approximately 11.8%[24] - The net cash flow from operating activities was 44,559,511.10 yuan, significantly lower than 112,538,013.64 yuan from the previous year, indicating a decline of about 60.4%[24] - The company experienced a net cash outflow from investing activities of 128,000,328.60 yuan, an improvement from a net outflow of 169,239,680.92 yuan in the prior period[25] - Cash inflow from financing activities was 639,063,230.66 yuan, a substantial increase from 110,749,570.86 yuan in the previous period[25] - The net cash flow from financing activities was 486,658,936.08 yuan, compared to a net outflow of 57,904,882.23 yuan last year, marking a significant turnaround[25] - The company's cash and cash equivalents increased by 403,256,647.51 yuan, contrasting with a decrease of 113,978,608.16 yuan in the previous period[25] - The ending balance of cash and cash equivalents stood at 708,651,297.94 yuan, up from 281,291,226.04 yuan at the end of the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,362[14] - The largest shareholder, Shenglan Investment Holdings Co., Ltd., holds 54.20% of shares, totaling 88,730,000 shares[14] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by Shenglan Investment and Hong Kong Central Clearing Ltd.[15] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[15] - The total number of restricted shares at the end of the period is 6,663,394, down from 8,009,025, indicating a reduction of 16.73%[17] - The company has no preferred shareholders as of the reporting period[16] Expenses and Impairments - The company reported a 93.89% increase in selling expenses, totaling ¥39,612,948.69, due to efforts in acquiring new customers[12] - The company recorded a significant increase of 1651.41% in credit impairment losses, amounting to -¥11,862,251.17, due to a substantial rise in accounts receivable[12] - Research and development expenses for the current period were ¥69,075,770.91, which is a 15% increase from ¥59,974,990.17 in the previous period[22] - The company reported a credit impairment loss of ¥11,862,251.17, compared to a gain of ¥764,609.84 in the previous period[23] Earnings Per Share - The company’s basic earnings per share decreased by 45.45% to ¥0.12 for Q3 2025[5] - The company reported a basic earnings per share (EPS) of 0.63, an increase from 0.58 in the previous period, and a diluted EPS of 0.63 compared to 0.55 last year[24] Audit and Reliability - The third quarter financial report was not audited, which may affect the reliability of the reported figures[26]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥119,374,918, representing a 24.83% increase compared to the same period last year[5]. - The net profit attributable to shareholders increased by 409.60% to ¥2,962,472.50 in Q3 2025, while the year-to-date net profit decreased by 77.62% to ¥5,038,124.12[5]. - The company's basic earnings per share for Q3 2025 was ¥0.0053, up 411.76% year-on-year, while the diluted earnings per share also stood at ¥0.0053[5]. - The company reported a 20.36% increase in year-to-date operating revenue, totaling ¥307,426,305.50, driven by growth in logistics business[9]. - Total operating revenue for the current period reached ¥307,426,305.50, an increase of 20.4% compared to ¥255,423,227.25 in the previous period[21]. - Operating profit for the current period was ¥5,481,548.68, a significant improvement from a loss of ¥17,482,785.25 in the previous period[21]. - Net profit for the current period was ¥4,747,032.28, compared to ¥22,564,735.53 in the same period last year, indicating a decrease of 79.0%[22]. Cash Flow and Liquidity - The cash flow from operating activities showed a significant negative net amount of -¥114,100,576.86, a decrease of 4828.89% year-on-year[9]. - Operating cash flow for the current period was -114,100,576.86 CNY, a significant decline compared to -2,314,933.77 CNY in the previous period[23]. - Cash and cash equivalents at the end of the period stood at 65,396,804.10 CNY, down from 187,074,344.55 CNY at the end of the previous period[24]. - The company received 83,948,908.05 CNY in borrowings, a significant increase from 30,000,000.00 CNY in the prior period[24]. - Cash outflow for purchasing goods and services increased to 306,181,977.69 CNY from 245,322,268.19 CNY year-over-year[23]. - The company reported a net cash outflow from investment activities of -8,822,240.96 CNY, contrasting with a net inflow of 167,080,262.99 CNY in the previous period[23]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,355,339,443.51, reflecting a 21.39% increase from the end of the previous year[5]. - The total assets increased to ¥1,355,339,443.51, up from ¥1,116,548,258.85, reflecting a growth of 21.4%[19]. - Total liabilities rose to ¥437,539,987.50, compared to ¥203,495,834.12 in the previous period, marking an increase of 115.0%[19]. - The equity attributable to shareholders of the parent company was ¥923,908,719.63, slightly up from ¥918,870,595.51[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,152[10]. - The largest shareholder, Zhang Jingyu, holds 15.72% of shares, totaling 88,364,325 shares, with 66,273,244 shares pledged[10]. - The second-largest shareholder, Zhang Qian, holds 3.86% of shares, totaling 21,704,016 shares[10]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder's stake being over 15%[10]. - The company has not reported any changes in the number of shareholders participating in margin financing and securities lending[10]. Investments and Acquisitions - The company completed the acquisition of 30% equity in Xinjiang Huayuan Hong International Freight Forwarding Co., Ltd., increasing its ownership to 100%[13]. - The company agreed to transfer 38.31% equity in Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. for RMB 150.0494 million, with the first payment of RMB 60.0198 million received[14]. - The company’s investment income surged by 2983.54% to ¥25,968,969.87, attributed to increased returns from its equity stake in a subsidiary[9]. - The company reported investment income of ¥25,968,969.87, a significant increase from ¥842,180.14 in the previous period[21]. Financial Management - The company’s financial expenses increased by 56.72% to ¥2,124,722.69 due to higher interest expenses from bank loans[9]. - The company has a commitment to maintain a 75% lock-up on shares held by executives annually[12]. - The company’s cash management involved various financial products, with a total amount of 3959 million RMB in fixed income securities maturing on July 17, 2025, yielding an interest rate of 2.50%[15]. Asset Management - The total current assets increased to 800,829,476.37 RMB from 597,926,330.00 RMB, reflecting a significant growth in liquidity[17]. - Accounts receivable rose to 466,379,196.07 RMB, up from 328,180,794.38 RMB, indicating improved sales performance and collection efficiency[17]. - The company reported a total of 90,136,474.08 RMB in trading financial assets, an increase from 80,295,616.45 RMB, showcasing enhanced investment strategies[17]. - Long-term equity investments increased to 194,682,275.00 RMB from 170,250,644.42 RMB, indicating a strategic focus on long-term growth[17]. - The company has a total of 12,957,045.02 RMB in other receivables, up from 6,890,249.74 RMB, suggesting better management of receivables[17]. - The company’s fixed assets grew to 197,950,770.40 RMB from 185,063,470.32 RMB, reflecting ongoing investments in infrastructure[17]. - The company has a total of 10,295,959.39 RMB in other current assets, which increased from 2,635,170.95 RMB, indicating improved asset management[17]. - The company has a total of 64,750,787.97 RMB in receivables financing, significantly up from 13,369,029.13 RMB, indicating a strategic move to enhance liquidity[17].

Financial Performance - The company's revenue for Q3 2025 reached ¥288,476,088.66, representing a year-on-year increase of 12.78%[4] - Net profit attributable to shareholders for Q3 2025 was ¥14,209,974.14, a significant increase of 192.80% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,938,214.59, down 35.49% year-on-year[4] - Total operating revenue for the current period reached ¥872,684,962.37, an increase of 19.5% compared to ¥729,717,058.01 in the previous period[27] - Net profit for the current period was ¥39,465,985.79, representing a 107.5% increase from ¥19,003,632.36 in the previous period[28] - Operating profit increased to ¥45,817,686.82, compared to ¥22,903,585.39 in the last period, reflecting a growth of 100.1%[27] - Basic earnings per share improved to ¥0.0870 from ¥0.0497, reflecting a 74.5% increase[28] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,221,782,955.47, reflecting an 8.20% increase from the end of the previous year[6] - The company's total assets rose to ¥3,221,782,955.47, up from ¥2,977,531,229.66, marking an 8.2% increase[25] - Total liabilities decreased to ¥852,799,245.56 from ¥1,148,042,995.20, a reduction of 25.7%[25] - Shareholders' equity attributable to the company reached ¥2,211,059,191.73, up 32.59% from the end of the previous year[6] - The equity attributable to shareholders of the parent company increased to ¥2,211,059,191.73, compared to ¥1,667,588,937.34, a growth of 32.6%[25] Cash Flow - Cash flow from operating activities for the year-to-date was ¥129,222,252.74, a decrease of 6.06% compared to the previous year[4] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity and financial stability[29] - Cash inflow from operating activities totaled $926.44 million, an increase of 7.1% from $864.98 million in the previous period[30] - The net cash flow from operating activities was $129.22 million, a decrease of 6.5% from $137.57 million in the previous period[30] - Total cash and cash equivalents at the end of the period reached $305.93 million, up from $244.77 million in the previous period[32] Investments and Financing - The company reported a net cash outflow from investing activities of ¥140,143,400, a decrease of 77.60% year-on-year[11] - Net cash outflow from investment activities was $140.14 million, an improvement from a net outflow of $625.66 million in the previous period[32] - Cash paid for the purchase of fixed assets and intangible assets was $168.50 million, significantly higher than $74.53 million in the previous period[31] - Cash inflow from financing activities was $309.70 million, compared to $148.37 million in the previous period, marking a significant increase[32] Research and Development - R&D expenses for the period were ¥24,935,800, representing a 40.72% increase year-on-year, impacting net profit attributable to shareholders[10] - Research and development expenses for the current period were ¥63,963,081.76, up from ¥53,171,942.94, indicating a 20.3% increase[27] Market and Regulatory Developments - The company received market access qualifications for iodine contrast agents in South Korea and India in March and July 2025, respectively[19] - The company obtained GMP certification from Brazil's National Health Surveillance Agency in September 2025[19] Shareholder Information - The total number of restricted shares at the end of the period was 758,475, down from 772,075 at the beginning of the period[18] - The company plans to issue shares to specific targets through a simplified procedure in 2025[19]

Financial Performance - The company's revenue for Q3 2025 was ¥728,993,387.76, a decrease of 18.16% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥12,867,389.63, down 17.91% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥1,901,425.36, a significant drop of 87.95%[5]. - The basic earnings per share for the period was ¥0.0261, reflecting a decline of 23.68% compared to the previous year[5]. - Total operating revenue for the current period is CNY 2,211,325,163.38, a decrease of 2.86% from CNY 2,276,397,554.71 in the previous period[21]. - Net profit for the current period is CNY 26,612,362.13, a decline of 48.54% compared to CNY 51,707,142.96 in the previous period[22]. - Earnings per share for the current period is CNY 0.065, down from CNY 0.104 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,325,548,143.57, representing a 1.05% increase from the end of the previous year[5]. - Total assets increased to CNY 4,325,548,143.57 from CNY 4,280,408,101.49, reflecting a growth of 1.05%[19]. - Total liabilities decreased to CNY 2,217,938,528.18 from CNY 2,582,930,620.00, a reduction of 14.14%[19]. - The company's equity attributable to shareholders increased by 24.93% to ¥2,076,813,814.93 compared to the end of the previous year[5]. - Total equity increased to CNY 2,107,609,615.39 from CNY 1,697,477,481.49, representing a growth of 24.14%[19]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥82,838,889.10, but improved by 60.40% compared to the same period last year[5]. - Operating cash flow for the current period is -82,838,889.10 CNY, an improvement from -209,211,817.97 CNY in the previous period[23]. - Financing activities generated a net cash flow of 126,659,804.70 CNY, significantly improving from 10,763,680.01 CNY in the previous period[24]. Investments and Borrowings - The company reported a significant increase in investment income of 253.90%, amounting to ¥19,927,663.02, primarily due to the increase in the time value of options in hedging tools[11]. - Long-term borrowings rose by 185.09% to ¥115,430,942.48, attributed to new long-term project loans[10]. - Long-term borrowings rose to CNY 115,430,942.48 from CNY 40,490,000.00, an increase of 185.57%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,038[13]. - The largest shareholder, Zhongchen Holdings Co., Ltd., holds 41.88% of the shares, totaling 223,750,000 shares[13]. - The total number of preferred shareholders is zero, indicating no preferred shares are outstanding[15]. Inventory and Receivables - Accounts receivable decreased to ¥1,447,396,640.03 from ¥1,514,968,880.69[17]. - Inventory increased to ¥991,415,765.89 from ¥932,291,155.95[17]. Meetings and Corporate Actions - The company plans to hold a second extraordinary general meeting on July 28, 2025, to elect the fourth board of directors[15]. - The company has approved the early redemption of convertible bonds to reduce financial costs, as the stock price exceeded 130% of the conversion price[16].

Financial Performance - The company's operating revenue for the third quarter was CNY 2,774,856,418.56, a decrease of 5.29% compared to the same period last year[3]. - The total profit for the quarter was CNY 244,751,602.87, reflecting an increase of 6.87% year-over-year[3]. - The net profit attributable to shareholders was CNY 225,151,227.06, which represents a 15.14% increase compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.2004, up by 15.17% year-over-year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 9,702,504,828.09, a decrease of 9.65% compared to CNY 10,736,379,923.58 in the same period of 2024[18]. - Total operating costs decreased to CNY 8,838,461,348.83, down 8.59% from CNY 9,670,238,422.90 year-over-year[18]. - Net profit for the first three quarters of 2025 was CNY 1,057,222,350.47, a decline of 5.19% compared to CNY 1,115,315,214.65 in 2024[19]. - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.8848, down from CNY 0.9798 in the same period last year[20]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 16,246,609,715.17, an increase of 10.59% from the end of the previous year[3]. - The total current assets as of September 30, 2025, amounted to RMB 10,983,480,781.51, an increase from RMB 7,425,048,133.18 as of December 31, 2024, reflecting a significant growth[13]. - The total non-current assets were reported at RMB 5,080,000,000.00, with fixed assets valued at RMB 2,116,394,885.56[14]. - Total liabilities increased to CNY 7,821,285,122.55, up from CNY 6,913,064,048.45, representing a growth of 13.14% year-over-year[16]. - The company reported a significant increase in accounts payable, which rose to CNY 2,675,353,677.89 from CNY 2,157,202,989.34, a growth of 24.0%[16]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,090,850,796.96, down by 37.48% compared to the previous year[3]. - Operating cash inflow for the first three quarters of 2025 was CNY 8,103,062,551.08, a decrease of 11.0% compared to CNY 9,107,655,152.34 in the same period of 2024[22]. - Net cash flow from operating activities was CNY 1,090,850,796.96, down 37.5% from CNY 1,744,781,554.68 year-on-year[23]. - Cash outflow for purchasing goods and services was CNY 5,618,441,533.84, a slight decrease of 4.6% from CNY 5,889,702,280.20 in 2024[23]. - Net cash flow from investment activities was -CNY 1,488,586,014.32, an improvement from -CNY 1,830,292,014.39 in the same period last year[24]. - The ending cash and cash equivalents balance was CNY 1,026,142,008.88, down from CNY 1,744,554,983.94 in the same period last year[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,867[10]. - There were no changes in the top 10 shareholders or their participation in margin financing and securities lending activities[13]. - Shareholders' equity totaled CNY 8,425,324,592.62, an increase from CNY 7,778,271,661.52, marking a growth of 8.31%[16]. Operational Insights - The company experienced a decrease in cash flow due to increased credit sales and delayed receivables[8]. - The company emphasized the importance of monitoring operational performance and financial metrics in the upcoming quarters[12]. - The company has not disclosed any new product developments or market expansion strategies during the conference call[12]. - Research and development expenses increased to CNY 346,824,564.08, up 9.26% from CNY 317,450,819.65 in 2024, indicating a focus on innovation[19]. Financial Management - The company reported non-recurring gains of CNY 6,755,286.41 for the quarter[6]. - The company's financial expenses showed a notable improvement, with a net financial income of CNY -2,306,067.81 compared to CNY -29,262,583.14 in the previous year, indicating better cost management[19]. - Cash received from tax refunds increased to CNY 208,757,443.11, up 46.0% from CNY 143,073,680.06 in the previous year[23]. - Cash inflow from investment activities totaled CNY 442,338,261.81, compared to CNY 373,847,690.30 in 2024, reflecting a 18.3% increase[24]. - Cash outflow for investment activities was CNY 1,930,924,276.13, down 12.4% from CNY 2,204,139,704.69 year-on-year[24]. Accounting Standards - The company did not implement new accounting standards or interpretations for the year 2025[25].

Revenue and Profit - The company's revenue for Q3 2025 was CNY 242,111,236.16, representing a 4.87% increase year-over-year, while the year-to-date revenue decreased by 2.28% to CNY 556,549,991.04[4] - The net profit attributable to shareholders for Q3 2025 was CNY 26,987,046.37, a decrease of 9.13% compared to the same period last year, and a significant decline of 140.34% year-to-date, resulting in a loss of CNY 4,185,253.13[4] - The basic and diluted earnings per share for Q3 2025 were both CNY 0.0567, down 8.99% year-over-year, with a year-to-date loss per share of CNY 0.0088, reflecting a 140.37% decline[4] - Net profit showed a significant loss of $12.07 million compared to a loss of $309,901.48 in the previous period, indicating a worsening financial performance[22] - The net profit attributable to the parent company was -4,185,253.13 yuan, compared to a profit of 10,375,624.23 yuan in the previous period, indicating a significant decline[23] - The total comprehensive income attributable to the parent company was -4,185,253.13 yuan, while the previous period showed a total of 10,375,624.23 yuan[23] Assets and Liabilities - The total assets at the end of Q3 2025 were CNY 2,819,688,815.81, an increase of 2.00% from the end of the previous year[4] - Total current assets rose to $1.51 billion from $1.38 billion, an increase of approximately 9.4%[20] - Total liabilities increased to $547.08 million from $441.63 million, a rise of approximately 24%[20] - Long-term borrowings increased by 89.85% to CNY 88,603,578.95, reflecting an increase in bank financing[9] - Long-term borrowings increased to $88.60 million from $46.67 million, a growth of approximately 89.7%[20] - The total number of common shareholders at the end of the reporting period was 41,421, with no preferred shareholders having restored voting rights[13] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of CNY 27,067,633.03 year-to-date, down 61.11%[4] - The net cash flow from operating activities decreased by 61.11%, amounting to -27,067,633.03 CNY compared to -16,800,739.32 CNY in the same period last year[11] - Cash inflows from operating activities totaled 608,250,493.49 yuan, down from 616,851,371.37 yuan in the previous period[25] - Cash outflows from operating activities increased to 635,318,126.52 yuan, compared to 633,652,110.69 yuan in the previous period[25] - The net cash flow from investing activities was -165,161,415.59 yuan, compared to -150,775,999.51 yuan in the previous period[26] - The net cash flow from financing activities increased significantly by 150.45%, reaching 25,002,372.32 CNY, a change of 74,562,264.98 CNY from -49,559,892.66 CNY in the previous year[11] Inventory and Expenses - The company's inventory increased by 39.72% to CNY 225,083,894.25, attributed to a rise in goods dispatched compared to the beginning of the period[8] - Research and development expenses increased to $100.46 million from $98.21 million, a rise of approximately 2.3%[22] - The company's financial expenses decreased by 46.64% year-to-date, amounting to CNY -1,757,435.94, primarily due to reduced interest income[10] Shareholder Information - The largest shareholder, Yang Weiguo, holds 15.45% of the shares, totaling 73,618,678 shares, with 55,214,008 shares under lock-up[13] - The second-largest shareholder, Shanghai Yunxin Venture Investment Co., Ltd., holds 3.90% of the shares, totaling 18,577,800 shares[13] - The total number of restricted shares at the beginning of the period was 67,194,034, with no shares released during the period, and an increase of 153,091 shares, bringing the total to 67,347,125[16] Financial Performance Comparison - Total operating revenue decreased to $556.55 million from $569.55 million, a decline of approximately 1.75%[22] - Total operating costs decreased to $595.70 million from $603.75 million, a decline of approximately 1.75%[22] - Accounts receivable increased to $671.70 million from $660.22 million, reflecting a growth of approximately 1.5%[20] - Inventory increased to $225.08 million from $161.09 million, a rise of approximately 39.7%[20] - Total assets increased to $2.82 billion from $2.76 billion, an increase of approximately 2.3%[20]

Financial Performance - Revenue for Q3 2025 was CNY 285,009,476.73, a decrease of 35.50% year-over-year, and a decrease of 26.26% year-to-date [3]. - Net profit attributable to shareholders was a loss of CNY 41,669,455.71, down 264.20% year-over-year, and a loss of CNY 122,224,175.50 year-to-date, down 331.69% [3]. - Basic and diluted earnings per share were both CNY -0.03, reflecting a decrease of 250.00% year-over-year [3]. - Total operating revenue for the period was ¥861,687,740.98, a decrease of approximately 26.2% from ¥1,168,619,942.05 in the previous period [25]. - The net profit for the period was a loss of ¥106,750,444.48, compared to a profit of ¥58,948,817.27 in the same period last year [27]. - Total comprehensive income for the period was -107,058,105.79 CNY, compared to 58,589,463.68 CNY in the previous period [28]. - Basic and diluted earnings per share were both -0.08 CNY, down from 0.03 CNY in the previous period [28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,487,658,950.00, a decrease of 3.18% compared to the end of the previous year [3]. - Total assets decreased to ¥5,487,658,950.00 from ¥5,668,132,706.72, representing a decline of approximately 3.2% [24]. - Current liabilities totaled ¥1,101,603,924.13, down from ¥1,182,115,391.60, indicating a reduction of about 6.8% [24]. - The company reported a 43.45% decrease in current liabilities due to cost reduction and office consolidation efforts [7]. - The total equity attributable to shareholders decreased to ¥4,305,619,229.60 from ¥4,419,247,940.16, reflecting a decrease of about 2.6% [24]. Cash Flow - Cash flow from operating activities year-to-date was CNY -205,443,881.78, a decrease of 1.73% [3]. - Cash inflow from operating activities was 870,344,566.09 CNY, a decrease of 6.34% from 929,389,713.78 CNY in the previous period [29]. - Net cash flow from operating activities was -205,443,881.78 CNY, slightly worse than -201,946,282.20 CNY in the previous period [29]. - Cash inflow from investing activities totaled 991,469,974.58 CNY, significantly higher than 276,760,757.45 CNY in the previous period [31]. - Net cash flow from investing activities was -82,166,120.37 CNY, an improvement from -180,504,403.53 CNY in the previous period [31]. - Cash inflow from financing activities was 59,887,766.67 CNY, compared to 7,300,000.00 CNY in the previous period [31]. - Net cash flow from financing activities was 7,375,623.38 CNY, recovering from -17,568,142.06 CNY in the previous period [31]. - The ending balance of cash and cash equivalents was 735,712,921.09 CNY, up from 687,407,670.58 CNY in the previous period [31]. - The company's cash and cash equivalents decreased to ¥736,996,627.48 from ¥1,018,894,565.64, a decline of approximately 27.7% [22]. Income and Expenses - Total operating costs amounted to ¥889,664,255.47, down from ¥1,006,634,936.64, reflecting a reduction of about 11.6% [25]. - Research and development expenses increased to ¥223,500,790.80, up 20.5% from ¥185,412,536.45 in the previous period [27]. - The company reported a significant increase in investment income to ¥4,437,239.99 from ¥1,466,654.85, marking a growth of approximately 202.5% [27]. - The company's financial expenses improved, showing a reduction to -¥5,319,288.62 from -¥30,568,333.70, indicating a positive change in financial management [27]. Operational Highlights - The company secured a total of 24 orders worth over ten million RMB, with a year-on-year increase of 20% in order quantity and 7% in order value [18]. - The company successfully completed 16 HI-HIS project launches, with 75% of these projects being in tertiary hospitals [18]. - The company faced operational pressures due to delayed customer demand and postponed bidding processes, leading to revenue contraction [18]. - The company was recognized as a "scene-based digital service provider" by the Zhejiang Provincial Economic and Information Technology Department for 2025 [18]. - The AI application for key patient tracking (APTS) was included in the 2025 "Smart Products" list in Zhejiang Province, enhancing early detection and intervention capabilities for major diseases [18]. - The company completed the core system launch for Suzhou Municipal Hospital, marking the full completion of the information project for a large medical group with 5,000 beds [19]. - The company plans to continue strengthening its development support and operational capabilities to enhance project delivery efficiency [19]. - The company is optimistic about the future, citing strong core business prospects and continuous customer demand [19]. - The company approved the 2025 employee stock ownership plan, with shares sourced from the company's repurchase account for A-shares [19]. Other Information - Cash received from tax refunds increased by CNY 7,196,400.00 year-over-year, mainly due to an increase in VAT refunds [9]. - Cash paid for fixed assets decreased by 38.19% year-over-year, due to the completion of a project in the previous year [10]. - The third quarter financial report was not audited [32].