Financial Performance - The company's revenue for Q3 2025 reached ¥736,296,008.16, representing a year-on-year increase of 17.52%[5] - Net profit attributable to shareholders was ¥135,737,147.92, up 28.59% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.21, reflecting a growth of 23.53% year-on-year[5] - Total operating revenue for Q3 2025 reached CNY 2,197,120,337.50, an increase of 18.3% compared to CNY 1,857,212,087.29 in the same period last year[20] - Net profit for the period was CNY 417,416,423.83, representing a 27.2% increase from CNY 328,251,507.24 in the previous year[21] - The total comprehensive income for the period reached ¥417,178,459.61, an increase from ¥328,251,507.24 in the previous period, reflecting a growth of approximately 27%[22] - Basic and diluted earnings per share increased to ¥0.66 from ¥0.52, representing a growth of 26.9%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,849,620,778.28, an increase of 3.85% from the end of the previous year[5] - The company's total assets increased to CNY 4,849,620,778.28, compared to CNY 4,669,929,259.31 at the end of the previous period[18] - Non-current liabilities totaled CNY 21,261,433.40, up from CNY 12,041,164.91 in the previous year[18] - The company's fixed assets rose to CNY 1,022,794,839.28, compared to CNY 655,838,242.16 in the previous period[18] - The company’s equity attributable to shareholders increased by 3.46% to ¥4,253,784,356.95 compared to the end of the previous year[5] - The total equity attributable to shareholders of the parent company reached CNY 4,253,784,356.95, up from CNY 4,111,456,835.82 in the previous year[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥351,386,856.83, a decrease of 42.38% compared to the same period last year[9] - Net cash flow from operating activities was ¥351,386,856.83, down from ¥609,822,214.00, indicating a decline of about 42.3%[23] - Cash inflow from operating activities totaled ¥1,585,051,146.11, compared to ¥1,737,122,615.50 in the previous period, a decrease of approximately 8.8%[23] - Cash outflow from investing activities amounted to ¥1,000,437,352.78, significantly higher than ¥216,554,531.95 in the previous period, indicating a substantial increase in investment spending[23] - The net cash flow from investing activities was -¥697,325,880.87, worsening from -¥215,894,161.95 in the previous period[23] - The company reported a cash outflow from financing activities of -¥291,999,063.60, compared to -¥266,388,982.64 in the previous period, indicating increased cash usage for financing[23] - The company’s total cash flow decreased by ¥638,115,964.36 during the period, contrasting with an increase of ¥127,507,977.02 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,744[11] - The largest shareholder, Jin Liguo, holds 19.67% of shares, totaling 124,723,320 shares[11] - The company has a total of 93,542,489 shares under lock-up for Jin Liguo, with 25% of shares eligible for release annually[13] - The top 10 shareholders collectively hold significant stakes, with the top three shareholders owning a combined 42.63%[11] - The company has not reported any changes in the participation of major shareholders in margin trading activities[12] Other Financial Metrics - The company received government subsidies amounting to ¥1,948,025.99 during the quarter, contributing to its non-operating income[6] - Research and development expenses were CNY 89,429,437.07, an increase from CNY 81,706,480.42 year-on-year[20] - The company reported a financial expense of CNY -13,506,907.27, an improvement from CNY -26,616,769.57 in the previous year[20] - Deferred income increased to CNY 11,632,065.64 from CNY 8,563,278.54 year-on-year[18] - Accounts receivable increased to ¥880,820,596.58 from ¥768,222,772.89, indicating a growth of approximately 14.0%[16] - The company’s inventory stands at ¥461,593,687.24, slightly decreased from ¥466,302,911.88[16] - The total current assets amount to ¥3,387,745,371.02, a decrease from ¥3,436,823,265.93[16] - Cash and cash equivalents at the end of the reporting period amount to ¥1,194,695,485.56, down from ¥1,832,811,449.92 at the beginning of the period[16] - Cash and cash equivalents at the end of the period stood at ¥1,194,695,485.56, a decrease from ¥1,228,372,594.97[23] - The impact of exchange rate changes on cash and cash equivalents was -¥177,876.72, compared to -¥31,092.39 in the previous period[23] - The company experienced a 141.43% increase in receivables financing, reaching ¥119,430,835.45, attributed to increased customer bank acceptance bill collections[8]

Financial Performance - The company's revenue for Q3 2025 reached ¥260,745,815.74, representing a 15.02% increase year-over-year[7] - Net profit attributable to shareholders was ¥49,490,916.33, up 44.25% compared to the same period last year[7] - The basic earnings per share (EPS) was ¥0.46, reflecting a 43.75% increase year-over-year[7] - Total operating revenue for the current period reached ¥746,547,277.39, an increase of 16.5% compared to ¥641,129,724.80 in the previous period[30] - Net profit for the current period was ¥141,322,328.25, representing a 28.5% increase from ¥109,819,183.80 in the previous period[31] - Earnings per share (EPS) for the current period was ¥1.33, compared to ¥1.18 in the previous period, reflecting a growth of 12.7%[32] - The total comprehensive income for the current period was ¥142,853,221.19, compared to ¥111,505,906.50 in the previous period, reflecting a growth of 28.1%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,376,655,547.04, a 3.88% increase from the end of the previous year[7] - The total current assets increased to CNY 1,974,561,740.45 from CNY 1,909,332,075.29, reflecting a growth of approximately 3.4%[27] - Total liabilities increased to ¥278,918,679.80, up from ¥245,319,949.37, indicating a growth of 13.7%[30] - Non-current assets totaled CNY 402,093,806.59, up from CNY 378,511,377.44, indicating an increase of approximately 6.2%[28] Cash Flow - The company reported a net cash flow from operating activities of ¥140,978,542.91, a significant increase of 134.39% compared to the previous year[17] - The net cash inflow from operating activities was $140,978,542.91, an increase from $60,147,840.11 in the previous period, reflecting a growth of approximately 134%[35] - Cash received from sales of goods and services was ¥744,469,203.55, an increase of 20.3% from ¥618,614,133.08 in the prior period[34] - The total cash inflow from operating activities was $790,990,375.24, compared to $632,637,592.61 in the previous period, marking an increase of approximately 25%[35] - The total cash outflow from operating activities was $650,011,832.33, up from $572,489,752.50, reflecting a rise of about 14%[35] - The ending cash and cash equivalents balance was $130,761,163.51, down from $1,446,822,796.05, indicating a significant reduction in liquidity[36] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,851[19] - The largest shareholder, Tianjin Yuan Yi Enterprise Management Consulting Center, holds 17.91% of shares, totaling 19,082,000 shares[19] - Tianjin Wendi Enterprise Management Consulting Center holds 10.99% of shares, totaling 11,709,485 shares[19] - The foreign shareholder, Kangtuo Limited, holds 7.37% of shares, totaling 7,848,988 shares[19] - The top ten shareholders include several investment partnerships, with the largest being Tianjin Yuan Yi and Tianjin Wendi, both of which are domestic non-state-owned legal entities[20] - The total number of restricted shares at the end of the period is 19,082,000 for Tianjin Yuan Yi, with a lock-up period of 36 months from the date of listing[23] Research and Development - Research and development expenses increased by 45.33% to ¥47,963,600.69, driven by new product and technology development[15] - Research and development expenses for the current period were ¥47,963,600.69, up 45.3% from ¥33,002,325.33 in the previous period, highlighting increased investment in innovation[30] - The firm is focusing on new technology research and development to drive future growth and innovation[26] Investment Performance - Investment income surged by 544.51% to ¥15,495,868.92, primarily due to returns from joint ventures and cash management[15] - The company reported an investment income of ¥15,495,868.92, significantly higher than ¥2,404,271.60 in the previous period, indicating improved performance in investments[31] - The company received $2,747,367,000.00 from investment recoveries, a notable increase from $248,000,000.00 in the previous period[35] - The cash received from investment income was $10,320,609.08, compared to $1,983,302.61 previously, indicating a significant improvement in investment performance[35] Future Outlook - The company plans to enhance its market expansion strategies and product development initiatives in the upcoming quarters[26] - The management indicated a positive outlook for the next fiscal year, expecting continued revenue growth and improved profitability metrics[26] Other Information - The cash flow from financing activities decreased significantly by 106.74% to -¥51,955,274.00, mainly due to dividend payments[17] - The company did not conduct an audit for the third quarter financial report[37]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 225.61 million, representing a year-on-year increase of 1.92% compared to CNY 221.36 million in the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 reached CNY 15.02 million, a significant increase of 138.64% from CNY 3.89 million in the previous year[5]. - Basic earnings per share for Q3 2025 were CNY 0.0863, up 138.63% from a loss of CNY 0.2234 in the same period last year[5]. - The total profit increased by 7308.80% to ¥3,190.13 million, driven by a decline in operating revenue and costs, as well as reduced R&D expenses and asset impairment provisions[11]. - Net profit reached ¥3,700.62 million, a significant increase from a loss of ¥1,752.55 million in the same period last year, reflecting improved operating performance[11]. - Net profit for the period was ¥37,006,170.34, compared to a net loss of ¥17,525,454.39 in the previous period[23]. - Operating profit increased to ¥55,912,953.08 from ¥1,385,272.65, indicating a significant improvement[23]. - The net profit attributable to the parent company shareholders is approximately 43.60 million, a decrease of 17.12 million compared to the previous period[24]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 36.24%, amounting to CNY 13.22 million compared to CNY 20.73 million in the same period last year[5]. - Cash inflow from operating activities decreased by 38.71% to ¥78,141.97 million, attributed to a reduction in cash received from sales of goods[12]. - Cash outflow from operating activities decreased by 38.75% to ¥76,820.16 million, due to lower cash payments for purchases and employee compensation[12]. - Operating cash flow generated from activities is approximately 13.22 million, a decrease from 20.73 million in the previous period[26]. - Cash inflow from operating activities totals approximately 781.42 million, compared to 1,275.02 million in the previous period, indicating a decline of about 38.8%[26]. - Cash outflow from operating activities is approximately 768.20 million, down from 1,254.29 million in the previous period[26]. - The net cash flow from investing activities is negative at approximately -60.04 million, compared to a positive 78.24 million in the previous period[26]. - Cash flow from financing activities shows a net outflow of approximately -110.04 million, worsening from -82.42 million in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.66 billion, reflecting a decrease of 12.32% from CNY 3.04 billion at the end of the previous year[5]. - Total assets decreased to ¥2,658,590,267.99 from ¥3,032,005,506.68, a decline of about 12.3%[20]. - Total liabilities decreased to ¥1,518,478,434.13 from ¥1,895,184,479.53, a reduction of approximately 20.0%[20]. - The company's equity attributable to shareholders increased to ¥1,115,519,025.88 from ¥1,098,179,749.57, an increase of about 1.6%[20]. Operational Efficiency - Operating costs decreased by 40.16% to ¥43,675.60 million due to a reduction in recognized revenue and corresponding costs from EPC general contracting and photovoltaic energy construction projects[11]. - R&D expenses fell by 34.13% to ¥2,974.57 million, primarily due to a decrease in personnel costs for R&D projects[11]. - Research and development expenses decreased to ¥29,745,738.35 from ¥45,158,155.41, a reduction of approximately 34.1%[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,383, with the largest shareholder holding 44.54% of the shares[14]. - The company's cash and cash equivalents decreased from ¥734,587,608.57 to ¥563,017,714.08 during the reporting period[18]. - The total comprehensive income amounts to approximately 36.84 million, down from a loss of 17.53 million in the previous period[24]. - Basic and diluted earnings per share are both 0.2506, compared to a loss of 0.0984 in the previous period[24]. Adjustments and Audits - The company adjusted its accounting for previous years, resulting in a reduction of CNY 25.99 million in 2021's revenue due to insufficient confirmation of project quantities[6]. - The company has not undergone an audit for the third quarter financial report[28].

Financial Performance - The company's revenue for Q3 2025 was ¥682,146,185.20, a decrease of 9.88% compared to the same period last year[5] - Net profit attributable to shareholders was ¥14,443,066.70, an increase of 73.70% year-over-year[5] - The net profit after deducting non-recurring gains and losses was ¥7,007,889.26, up by 0.61% from the previous year[5] - Total operating revenue for the current period reached ¥1,909,687,132.88, slightly up from ¥1,904,079,626.97 in the previous period[21] - The company's operating profit for the current period is CNY 27,583,258.14, compared to CNY 71,026,769.65 in the previous period, reflecting a significant decrease[22] - The net profit attributable to shareholders of the parent company is CNY 32,133,371.75, down from CNY 51,987,977.82, indicating a decline of approximately 38.3%[22] - The total comprehensive income for the current period is CNY 47,790,381.63, compared to CNY 54,032,892.69 in the previous period, showing a decrease of about 11.5%[22] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was ¥47,372,193.98, showing a significant increase of 147.33%[5] - Cash flow from operating activities generated a net inflow of CNY 47,372,193.98, a recovery from a net outflow of CNY -100,093,323.21 in the previous period[23] - The company reported cash inflows from financing activities of CNY 557,826,942.09, an increase from CNY 517,909,318.71 in the previous period[24] - Cash and cash equivalents at the end of the period totaled CNY 330,147,977.69, compared to CNY 293,451,472.94 at the end of the previous period, reflecting an increase[24] - The company incurred a net cash outflow from investing activities of CNY -98,946,808.90, compared to CNY -360,860,275.49 in the previous period, indicating a reduction in cash outflow[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,553,477,175.81, reflecting a growth of 2.79% from the end of the previous year[5] - Total liabilities increased to ¥1,249,340,370.77 from ¥1,187,632,758.84, which is an increase of approximately 5.2%[19] - The company's equity attributable to shareholders was ¥2,272,092,024.73, an increase of 1.56% compared to the previous year-end[5] - The company's equity attributable to shareholders rose to ¥2,272,092,024.73 from ¥2,237,203,257.80, reflecting an increase of about 1.6%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,721[12] - The largest shareholder, Tongguang Group Co., Ltd., holds 39.88% of shares, totaling 182,830,000 shares[12] - Zhang Zhong, a significant shareholder, holds 3.44% of shares, amounting to 15,780,201 shares, with 10,000,000 shares pledged[12] - The top ten shareholders hold a significant portion of shares, with the top shareholder alone holding nearly 40%[12] - The company has not disclosed any related party relationships among shareholders[12] Joint Ventures and Investments - The company plans to establish a joint venture with Changfei Fiber Optic Co., Ltd., contributing RMB 600 million, with a 56.5% stake[15] - The registered capital of the joint venture is RMB 600 million, with the company’s contribution being RMB 339 million[15] Stock and Bonds - The convertible bond "Tongguang Convertible Bond" will mature on November 3, 2025, with a conversion price of RMB 7.88 per share[16] - The company’s stock will stop trading on October 30, 2025, before the conversion period ends[16] - The company has 299,625 shares under lock-up, which will be released according to the annual release schedule[14] Operating Costs and Expenses - Total operating costs increased to ¥1,863,107,679.35 from ¥1,832,146,644.04, with operating costs specifically rising to ¥1,613,490,225.69[21] - Research and development expenses for the current period were ¥77,716,386.58, compared to ¥76,514,507.68 in the previous period, indicating a slight increase[21] - The company experienced a 39.68% decrease in net profit for the year-to-date compared to the previous year, primarily due to reduced government subsidies and a decline in gross margin[10] - The total profit for the year-to-date was ¥27,056,707.61, down 61.42% year-over-year, attributed to reduced government subsidies and a decline in overall gross margin[9] Other Financial Metrics - The weighted average return on net assets was 0.64% for the current period, a slight increase from the previous period[5] - The company reported a significant decrease in interest income by 58.46% to ¥1,011,228.11 due to reduced fundraising interest[9] - Accounts receivable rose to ¥1,293,506,564.75 from ¥1,206,840,703.93, reflecting an increase of about 7.2%[18] - Inventory increased significantly to ¥323,866,211.24 from ¥230,635,414.78, marking an increase of approximately 40.4%[18] - Deferred income tax assets increased to ¥52,936,421.13 from ¥43,215,122.24, showing a growth of approximately 22.1%[19] - The company's basic earnings per share decreased to CNY 0.07 from CNY 0.11 in the previous period, representing a decline of approximately 36.4%[22] - The total operating revenue from sales of goods and services was CNY 1,878,431,865.24, an increase from CNY 1,640,470,840.31 in the previous period, reflecting a growth of about 14.5%[23]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,533,157,636.30, representing a 17.80% increase year-over-year[4]. - Net profit attributable to shareholders decreased by 79.01% to CNY 15,884,761.78 for the same period[4]. - The basic earnings per share fell by 79.10% to CNY 0.0088[4]. - Total operating revenue for the current period reached ¥3,722,586,352.01, an increase of 4.54% compared to ¥3,560,409,562.32 in the previous period[18]. - Net profit for the current period was ¥143,576,550.23, a decrease of 50.73% compared to ¥291,364,339.53 in the previous period[19]. - The total comprehensive income for the current period was ¥169,762,610.14, a decrease of 42.0% compared to ¥292,919,682.48 in the previous period[19]. Assets and Liabilities - Total assets increased by 5.03% to CNY 26,359,144,274.24 compared to the end of the previous year[4]. - The company's total assets as of September 30, 2025, amounted to CNY 26,359,144,274.24, an increase from CNY 25,096,745,413.27 at the beginning of the period[15]. - The total liabilities rose to CNY 16,267,356,172.00 from CNY 15,075,782,348.04, reflecting an increase in both current and non-current liabilities[16]. - The company's long-term borrowings increased to CNY 7,328,841,161.53 from CNY 6,505,319,553.69, indicating a rise in financial leverage[16]. - The total equity attributable to shareholders increased by 0.67% to CNY 8,984,386,865.96 compared to the end of the previous year[4]. - The total equity attributable to shareholders of the parent company increased to ¥8,984,386,865.96 from ¥8,924,430,579.87 in the previous period[17]. Cash Flow - Cash flow from operating activities decreased by 54.02% to CNY 290,354,597.62 year-to-date[4]. - Cash flow from operating activities generated a net amount of ¥290,354,597.62, down 54.0% from ¥631,483,683.23 in the previous period[21]. - The net cash flow from investing activities was -$1.65 billion, compared to -$1.24 billion in the previous period[22]. - The net cash flow from financing activities was $860.51 million, an increase from $478.93 million year-over-year[22]. - Cash and cash equivalents at the end of the period totaled $446.44 million, down from $652.07 million in the previous period[22]. - The company reported a net decrease in cash and cash equivalents of -$496.52 million, compared to -$129.77 million in the previous period[22]. Investments and Projects - The company reported a 431.12% increase in fair value gains year-over-year, attributed to the rise in stock value of Shenzhen Kexin New Materials Co., Ltd.[8]. - The company’s construction in progress increased by 352.76% due to investments in multiple wind power projects[7]. - The net cash outflow from investing activities increased by 33.29%, primarily due to increased investments in power station construction and overseas projects[8]. - The company is currently undergoing asset disposal for its subsidiary, Zhuhai Wind Tower, which is in the liquidation phase but is not expected to have a significant impact on overall performance[12]. - The company has initiated self-liquidation for its subsidiary due to the expiration of its operational period, which is not expected to materially affect the company's financials[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,497[10]. - The company's equity remained stable with a total capital reserve of CNY 1,462,656,446.50, unchanged from the previous period[16]. Other Financial Metrics - Current assets decreased to CNY 8,964,361,138.50 from CNY 9,424,735,350.03, primarily due to a reduction in cash and cash equivalents[15]. - The inventory balance was CNY 2,538,930,966.65, slightly down from CNY 2,578,473,876.20, indicating effective inventory management[15]. - The accounts receivable increased to CNY 4,433,997,515.10 from CNY 4,544,615,336.15, suggesting a potential challenge in collection[15]. - Research and development expenses were ¥27,733,611.60, down 18.66% from ¥34,125,833.08 in the previous period[18]. - The company reported a loss in investment income of ¥12,604,211.92, an improvement from a loss of ¥15,863,324.67 in the previous period[18]. Accounting and Reporting - The third quarter financial report was not audited[23]. - The company will implement new accounting standards starting from 2025[24].

Financial Performance - Revenue for Q3 2025 was ¥185,606,518.24, a decrease of 14.03% compared to the same period last year[5] - Net profit attributable to shareholders was -¥2,207,335.16, down 124.14% year-on-year[5] - Basic earnings per share were -¥0.03, a decline of 126.00% compared to the previous year[5] - Total operating revenue for the period was CNY 603,768,594.04, a decrease of 2.6% from CNY 618,584,185.13 in the previous period[19] - Net profit for the period was CNY 21,446,065.00, down 34.5% from CNY 32,743,168.10 in the previous period[20] - Total comprehensive income for the period was CNY 20,944,238.85, down from CNY 32,737,700.01 in the previous period, representing a decrease of approximately 36%[21] - Basic and diluted earnings per share were both CNY 0.26, compared to CNY 0.4 in the previous period, indicating a decline of 35%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,397,961,513.57, a decrease of 5.05% from the end of the previous year[5] - Total assets decreased to CNY 1,397,961,513.57 from CNY 1,472,249,009.63, a decline of 5.0%[18] - Total liabilities decreased to CNY 467,051,198.78 from CNY 536,871,073.61, a reduction of 12.9%[18] - The company’s total equity decreased slightly to CNY 930,910,314.79 from CNY 935,377,936.02, a decline of 0.5%[18] Cash Flow - Cash flow from operating activities was ¥64,542,848.17, an increase of 16.16% year-on-year[9] - Cash inflow from operating activities totaled CNY 746,700,456.36, an increase of 14.5% from CNY 652,236,997.10 in the previous period[22] - Net cash flow from operating activities was CNY 64,542,848.17, up from CNY 55,564,420.37, reflecting an increase of 16%[22] - Cash inflow from investment activities was CNY 281,479,932.36, down 46.6% from CNY 528,239,791.38 in the previous period[23] - Net cash flow from investment activities was CNY 48,531,827.56, a significant improvement from a negative CNY 367,462,898.65 in the previous period[23] - Cash inflow from financing activities was CNY 29,918,574.92, compared to CNY 36,421,217.99 in the previous period, showing a decrease of 18%[23] - Net cash flow from financing activities was negative CNY 43,288,593.25, an improvement from negative CNY 70,648,081.03 in the previous period[23] - The ending cash and cash equivalents balance was CNY 323,244,269.36, up from CNY 228,579,272.19 in the previous period, indicating an increase of 41.5%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,219[11] - The largest shareholder, Hu Weiqing, holds 40.74% of shares, totaling 33,195,825 shares[11] - The second largest shareholder, Huizhou Chenyu Investment Management, holds 14.93% of shares, totaling 12,168,000 shares[11] - The total number of restricted shares at the end of the period is 58,315,491, with 13,738,491 shares newly restricted during the period[13] - Hu Weiqing indirectly holds 9,859,467 shares through affiliated investment management companies, indicating a concerted action relationship among certain shareholders[11] - The total number of shares held by the top 10 unrestricted shareholders is 1,546,940 shares[11] Governance and Management - The company plans to hold its first extraordinary general meeting of 2025 on August 13, 2025, to discuss changes in registered capital and amendments to the Articles of Association[14] - The company has completed the election of the fourth board of directors, which includes 5 non-independent directors and 3 independent directors[15] - The company has revised its governance-related systems in accordance with the latest regulations from the China Securities Regulatory Commission[15] - The company has no preferred shareholders or changes in preferred shareholder structure reported[12] Operational Metrics - Inventory increased by 30.16% to ¥103,125,983.29, primarily due to an increase in stock[9] - The company’s inventory increased to CNY 103,125,983.29 from CNY 79,227,792.39, reflecting a growth of 30.2%[16] - Research and development expenses rose to CNY 33,665,270.05, up 17.5% from CNY 28,552,421.99 in the previous period, highlighting a focus on innovation[19] Financial Adjustments - The company reported a decrease in financial expenses by 48.90% to -¥789,311.64, mainly due to foreign exchange rate changes[9] - The third quarter financial report was not audited, which may impact the reliability of the reported figures[24]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,249,554,970.73, representing an 18.11% increase compared to the same period last year[5]. - Net profit attributable to shareholders was ¥99,150,153.03, up 16.20% year-on-year[5]. - The net profit excluding non-recurring gains and losses was ¥84,957,690.14, reflecting a 3.75% increase from the previous year[5]. - The basic earnings per share for the period was ¥0.4227, an increase of 16.25% compared to the same period last year[5]. - Total revenue for the current period reached ¥3,291,173,866.65, an increase of 7.96% compared to ¥3,048,456,382.86 in the previous period[38]. - The net profit for the current period is 221,833,210.02, an increase from 212,725,237.99 in the previous period, reflecting a growth of approximately 5.2%[40]. - The total comprehensive income for the current period is 250,123,513.03, compared to 203,533,929.20 in the previous period, indicating an increase of about 22.8%[40]. - The operating profit for the current period is 260,798,947.13, slightly up from 246,930,167.25 in the previous period, showing a growth of around 5.6%[40]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,877,959,247.31, a 7.14% increase from the end of the previous year[5]. - Total assets amounted to ¥5,877,959,247.31, an increase from ¥5,486,023,079.85, reflecting a growth of 7.13%[37]. - Total liabilities rose to ¥3,128,278,627.72, compared to ¥2,844,825,104.64 in the previous period, marking an increase of 9.96%[37]. - The company's equity attributable to shareholders increased to ¥2,654,056,548.87 from ¥2,505,833,682.05, a growth of 5.91%[37]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥411,096,753.33, showing a significant increase of 45.50%[5]. - Cash flow from operating activities generated a net amount of 411,096,753.33, compared to 282,534,948.04 in the previous period, representing an increase of approximately 45.5%[41]. - The net cash flow from investing activities was negative at ¥294,337,407.24, a 136.64% increase in outflows compared to the previous year, mainly due to increased payments for long-term asset acquisitions[9]. - The net cash flow from investing activities is -294,337,407.24, worsening from -124,381,409.85 in the previous period, indicating a decline in investment cash flow[42]. - The net cash flow from financing activities is -214,036,504.12, compared to -125,820,210.74 in the previous period, showing a decrease in financing cash flow[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,761[11]. - Guangdong Guanghui Investment Co., Ltd. holds 42.76% of shares, totaling 131,414,400 shares[11]. - Lin Peiqing and Chen Qiong, as actual controllers, hold 9.12% and 5.56% of shares respectively, totaling 28,035,072 and 17,083,872 shares[11]. - The total number of restricted shares at the beginning of the period was 41,496,504, with 10,420,123 shares added during the period[15]. - The number of restricted shares held by Lin Peiqing increased to 21,026,304 after adding 4,852,224 shares[15]. - The company has a total of 50,794,063 restricted shares at the end of the period[15]. - The number of shares held by the top ten unrestricted shareholders includes 131,414,400 shares from Guangdong Guanghui Investment Co., Ltd.[12]. - The company has no changes in the top ten shareholders participating in margin trading[13]. - The company has no preferred shareholders or changes in preferred shareholders during the reporting period[14]. Stock Incentive and Repurchase - The company’s stock incentive plan includes 1,593,800 shares added to the restricted stock plan for 2025[16]. - The company completed the repurchase and cancellation of restricted stocks that were granted but not yet released from restrictions, amounting to 30% of the granted shares due to unmet release conditions[17]. - Company executives plan to reduce their holdings, with Vice General Manager Yao Zhuangmin intending to sell up to 2,019,489 shares (approximately 0.66% of total shares) and Director Yang Rui planning to sell up to 2,481,491 shares (approximately 0.81% of total shares)[18]. - Vice General Manager Zheng Liqun purchased 140,000 shares, representing 0.05% of the total share capital after excluding repurchased shares[19]. - Shareholder Yao Zhuangmin released 1,885,000 shares from pledge, leaving 715,000 shares still pledged[20]. - The company's registered capital increased from CNY 235,872,880 to CNY 307,318,960, and total shares increased from 235,872,880 to 307,318,960 due to the implementation of the 2025 restricted stock incentive plan and other adjustments[22]. - The company adjusted the repurchase price of the 2023 restricted stock incentive plan from CNY 9.78 per share to CNY 7.52 per share, and the number of shares involved was increased from 841,750 to 1,094,275[25]. Investments and Business Strategy - The company is investing up to USD 40 million to establish a production base in Thailand, with land acquisition costs approximately THB 489,285,000 (around CNY 108,626,162.85)[30]. - The company is seeking investment, divestment, or sale opportunities for its subsidiary Best Formulations PC LLC to optimize its U.S. business structure[31]. - The company approved the grant of 364,000 shares of restricted stock at a price of CNY 9.71 per share to 23 eligible participants under the 2025 restricted stock incentive plan[33]. - The company terminated the "Long-term Employee Stock Ownership Plan" due to significant changes in the market environment and the company's specific situation, which made the plan no longer suitable for current conditions[34]. Operating Costs and Expenses - Total operating costs increased to ¥3,046,438,602.78, up 8.26% from ¥2,813,726,698.28 in the previous period[38]. - Research and development expenses for the current period were ¥100,513,939.25, slightly up from ¥98,626,917.14 in the previous period[38]. - The company's cash and cash equivalents decreased to ¥541,548,259.12 from ¥636,030,607.22, a decline of 14.89%[35]. - Accounts receivable increased to ¥829,378,623.81, up 22.83% from ¥675,014,555.79 in the previous period[35]. - The company recorded a tax expense of 33,122,608.71 for the current period, compared to 29,224,869.86 in the previous period, which is an increase of approximately 13.3%[40].

Revenue and Profit - The company's revenue for Q3 2025 reached ¥1,275,302,744.60, representing a year-on-year increase of 6.39%[3] - Net profit attributable to shareholders was ¥85,657,239.71, a significant increase of 120.91% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥79,974,937.89, up 142.91% year-on-year[3] - The basic earnings per share for the period was ¥0.1125, reflecting a 122.77% increase compared to the previous year[4] - Total operating revenue for the current period reached ¥3,703,821,611.14, an increase of 6.1% compared to ¥3,489,591,492.29 in the previous period[17] - Net profit for the current period was ¥131,843,994.35, a decrease of 15.1% from ¥155,303,814.59 in the previous period[18] - Earnings per share (EPS) for the current period was ¥0.1729, down from ¥0.2003 in the previous period[18] - The company reported a total comprehensive income of ¥126,537,611.56, compared to ¥154,796,788.67 in the previous period, a decline of 18.3%[18] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥13,299,816,879.47, an increase of 1.77% from the end of the previous year[4] - Total assets increased to ¥13,299,816,879.47 from ¥13,068,340,218.01, representing a growth of 1.8%[16] - Total liabilities rose to ¥5,211,812,117.94, compared to ¥5,021,635,990.29, indicating an increase of 3.8%[16] - The company's equity attributable to shareholders reached ¥7,851,800,118.06, up from ¥7,805,408,838.57, reflecting a growth of 0.6%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥323,663,537.11, down 24.46% compared to the previous year[3] - Operating cash flow for the current period was ¥323,663,537.11, a decrease of 24.5% compared to ¥428,458,154.47 in the previous period[19] - Total cash inflow from operating activities increased to ¥4,020,249,158.94, up 8.35% from ¥3,709,899,392.26 year-on-year[19] - Cash outflow from operating activities rose to ¥3,696,585,621.83, an increase of 12.7% compared to ¥3,281,441,237.79 in the previous period[19] - Investment cash inflow was ¥1,970,789,425.23, a significant increase of 60.6% from ¥1,226,441,683.88 year-on-year[19] - Net cash flow from investment activities was -¥34,849,113.05, an improvement from -¥55,664,504.41 in the previous period[19] - Cash inflow from financing activities totaled ¥65,700,000.00, compared to ¥43,640,625.00 in the previous period[20] - Net cash flow from financing activities was -¥25,550,703.06, an improvement from -¥214,798,814.67 year-on-year[20] - The net increase in cash and cash equivalents for the period was ¥272,223,459.24, compared to an increase of ¥158,586,588.00 in the previous period[20] - The ending balance of cash and cash equivalents was ¥2,740,095,682.38, up from ¥2,430,864,918.29 in the previous period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period was 31,415[10] - The largest shareholder, Zheng Xiaodong, holds 34.08% of shares, totaling 260,959,008 shares[10] - The top ten shareholders include various investment funds, with the largest being domestic natural persons and investment partnerships[10] - The company has a share repurchase account holding 4,980,001 shares, representing 0.65% of total share capital[12] Financial Position and Expenses - Total current assets increased to ¥10,082,393,061.52 from ¥9,674,933,840.42, reflecting a growth in liquidity[14] - Inventory increased to ¥3,364,257,320.40 from ¥3,272,866,427.84, indicating a rise in stock levels[14] - Cash and cash equivalents rose to ¥2,810,687,908.31 from ¥2,509,611,665.21, showing improved cash position[14] - Long-term equity investments decreased to ¥80,983,470.20 from ¥86,911,126.42, indicating a reduction in long-term holdings[14] - Total operating costs amounted to ¥3,460,523,631.47, up from ¥3,294,838,490.42, reflecting a growth of 5.0%[17] - Research and development expenses were ¥242,386,820.18, slightly down from ¥246,695,660.80, a decrease of 1.8%[17] Other Information - The company reported a 76.34% increase in trading financial assets due to increased purchases of financial products during the period[9] - Short-term borrowings increased by 162.58%, primarily due to the acquisition of short-term bank loans by a subsidiary[9] - The company experienced an 80.80% increase in financial expenses, attributed to higher bank deposit interest income and exchange gains[9] - The third quarter financial report was not audited[21]

Financial Performance - Total revenue for Q3 2025 was CNY 395,635,896.65, a decrease of 0.63% compared to the same period last year[4] - Net profit attributable to shareholders was CNY -108,574,852.67, representing a 43.83% increase in losses year-over-year[4] - Basic and diluted earnings per share were both CNY -0.0754, reflecting a 43.82% increase in losses compared to the previous year[4] - Total operating revenue for the period reached ¥1,328,632,958.14, a slight increase from ¥1,321,108,099.89 in the previous period, reflecting a growth of approximately 0.2%[18] - The company's net loss increased to ¥4,252,447,609.28 from ¥3,844,819,142.54, indicating a worsening of approximately 10.6% in retained earnings[17] - The company reported a net loss of ¥409,730,622.17 for the current period, an improvement from a net loss of ¥560,199,138.62 in the previous period, representing a decrease in loss of approximately 27%[19] - Operating profit for the current period was ¥-393,889,382.33, compared to ¥-555,901,125.06 in the previous period, indicating a reduction in operating loss by about 29%[19] - The total comprehensive loss for the current period was ¥409,796,345.50, compared to ¥560,259,035.06 in the previous period, marking a decrease in comprehensive loss of about 27%[19] Assets and Liabilities - Total assets decreased by 7.27% to CNY 5,880,033,913.63 compared to the end of the previous year[4] - Cash and cash equivalents at the end of the period were ¥807,611,772.39, down from ¥1,226,386,823.74, representing a decline of about 34.1%[15] - Total assets decreased to ¥5,880,033,913.63 from ¥6,340,914,631.81, a reduction of approximately 7.3%[17] - Total liabilities decreased slightly to ¥4,683,407,959.12 from ¥4,734,589,693.47, reflecting a decrease of about 1.1%[17] - Long-term receivables decreased to ¥231,452,460.47 from ¥285,404,916.24, a decline of about 18.9%[16] - The total non-current assets amounted to ¥3,021,315,150.78, a slight decrease from ¥3,059,650,858.71, reflecting a reduction of about 1.3%[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -564,283,251.81, a 10.23% increase in outflow year-to-date[4] - The company experienced a net cash outflow from operating activities of ¥564,283,251.81, which is an improvement from the previous outflow of ¥628,606,671.02, showing a reduction in cash burn of about 10%[20] - Cash and cash equivalents at the end of the period stood at ¥777,490,159.01, down from ¥1,144,891,782.74 at the end of the previous period, indicating a decrease of approximately 32%[21] - The net cash outflow from investing activities was ¥124,773,856.99, worsening from a net outflow of ¥81,974,344.34 in the previous period, indicating an increase in investment cash burn[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 57,785[12] - The largest shareholder, China Life Insurance Co., holds 16.24% of shares, totaling 234,007,849 shares[12] - Harmony Health Insurance Co. holds 5.00% of shares, totaling 72,031,399 shares[12] - The total number of restricted shares at the beginning of the period was 1,148,550, with 1,148,550 shares released during the period[14] - The total number of restricted shares at the end of the period is 1,446,031[14] - The company has a total of 50,620,155 shares held by Ningbo Tongshang Holdings Group, representing 3.51% of shares[13] - Shanghai Technology Venture Investment Co. holds 41,350,000 shares, accounting for 2.87% of shares[13] - The company plans to complete the repurchase and cancellation of 1,148,550 restricted shares by July 18, 2025[14] - The top ten shareholders do not have any reported changes in their financing or securities lending activities[13] - The company has no preferred shareholders or changes in preferred shareholder status reported[14] Income and Expenses - Other income increased by 36.22% year-over-year, primarily due to an increase in government subsidies received[10] - Investment income rose by 79.77% year-over-year, attributed to increased returns from investments in joint ventures[10] - Cash flow from investing activities decreased by 52.21% year-over-year, mainly due to higher cash payments for fixed assets and long-term assets[10] - Research and development expenses were ¥211,799,641.47, down from ¥233,946,894.17, indicating a decrease of approximately 9.4%[18] - The company reported an investment income of ¥11,015,611.59, up from ¥6,127,760.15, showing an increase of approximately 80.5%[18] - The company reported a total of ¥3,800,200.84 in non-operating income for the current period, significantly higher than ¥135,272.30 in the previous period, reflecting a substantial increase in non-operating income[19]

Financial Performance - The company's operating revenue for Q3 2025 was ¥418,733,116.57, representing a 1.53% increase year-over-year, while the revenue for the year-to-date period reached ¥1,211,752,952.34, up 14.32% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥19,426,018.65, a significant increase of 186.07% year-over-year, and the year-to-date net profit reached ¥29,662,480.04, up 149.28%[5] - The basic and diluted earnings per share for Q3 2025 were both ¥0.0242, reflecting a 186.12% increase compared to the same quarter last year[5] - Total operating revenue for the current period reached ¥1,211,752,952.34, an increase of 14.3% compared to ¥1,060,006,700.37 in the previous period[23] - Net profit for the current period was ¥29,873,673.52, a significant recovery from a net loss of ¥60,849,949.31 in the previous period[24] - Basic and diluted earnings per share for the current period were both ¥0.0369, recovering from a loss of ¥0.0749 per share in the previous period[25] - The company achieved a total comprehensive income of ¥29,718,421.99, compared to a loss of ¥61,057,292.84 in the previous period[24] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥53,768,253.76, a substantial increase of 269.39% compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥53,768,253.76, compared to a negative cash flow of ¥31,741,592.36 in the prior period[25] - Cash and cash equivalents at the end of the period totaled ¥384,001,472.81, up from ¥269,891,560.41 at the end of the previous period[26] - The company reported a significant increase in cash and cash equivalents, with a 74.33% rise in monetary funds to ¥422,493,414.66 compared to the beginning of the year[8] - The net cash received from the disposal of fixed assets and other long-term assets was approximately ¥51.69 million, marking a 491.02% increase[9] - The company secured bank financing, resulting in cash inflows of ¥80 million, indicating a 100% increase in borrowing activities[9] Liabilities and Equity - The company's total liabilities decreased from CNY 985.7 million to CNY 965.2 million, a reduction of about 2.5%[22] - The company's equity attributable to shareholders increased by 4.46% to ¥690,726,871.94 compared to the end of the previous year[5] - Total assets at the end of Q3 2025 amounted to ¥1,648,845,039.78, a slight increase of 0.56% from the end of the previous year[5] Expenses and Costs - Operating income decreased by 92.97% to ¥117.46 million, primarily due to a reduction in compensation received compared to the previous year[9] - The company experienced a 240.49% increase in income tax expenses, totaling ¥7.86 million, attributed to a decrease in deductible losses and deferred tax assets[9] - The company reported a 179.48% increase in taxes paid, amounting to ¥24.51 million, due to increased business revenue[9] - The financial expenses decreased by 35.64% to ¥7,687,514.36, primarily due to a reduction in borrowing scale and increased interest income from bank deposits[8] - Total operating costs amounted to ¥1,176,500,360.89, up 5.1% from ¥1,119,027,717.47 in the prior period[23] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 41,556, with no preferred shareholders[11] - The largest shareholder, Hebei Ningrui Woge Management Consulting Co., Ltd., holds 16.49% of shares, totaling 132,426,713 shares[11] Investments and Acquisitions - The company’s subsidiary, Jin Xing Chuang, acquired land use rights for approximately ¥76.2 million to develop a production base for micro motors and silicone plastic components[15] - The company decided to terminate the external investment for the construction of a production base and will return the land use rights, with a refund of CNY 76.2 million after deducting a 20% deposit of CNY 15.24 million and agricultural development funds of CNY 244,600[16] Legal and Regulatory Matters - The company is currently undergoing a tax audit for the period from January 1, 2022, to December 31, 2024, focusing on R&D expense deductions[17] - The company is currently involved in a legal case regarding embezzlement by a former employee, which is under judicial review[17] Accounting Standards - The new accounting standards will be implemented starting from 2025[27] - The financial report for the first year of the new accounting standards will reflect relevant project situations at the beginning of the year[27] Miscellaneous - The company recorded a total of ¥2,540,188.11 in non-recurring gains and losses for Q3 2025, with a notable contribution from debt restructuring gains[6] - The company reported a significant increase in asset disposal gains, reaching approximately ¥24.76 million, a rise of 579.67% compared to the previous period[9] - The company’s minority shareholder profit increased by 132.35% to ¥211,193.48, reflecting improved performance from non-wholly owned subsidiaries[9] - Research and development expenses decreased to ¥35,584,110.07 from ¥50,706,262.29, reflecting a reduction of 29.8%[23] - The company’s total assets impairment loss was reported at -¥32,978,864.01, worsening from -¥25,920,510.28 in the previous period[24] - The company reported a significant reduction in inventory from CNY 190.2 million to CNY 152.9 million, a decrease of approximately 19.6%[20] - The company has completed the cancellation procedures for relevant certificates regarding the land use rights[16] - The third quarter financial report of Jinlong Electromechanical Co., Ltd. has not been audited[27]