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]

杭州先锋电子技术股份有限公司 2025 年第三季度报告 证券代码：002767 证券简称：先锋电子 公告编号：2025-630 杭州先锋电子技术股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 ☑否 1 杭州先锋电子技术股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 193,492,856.73 ...

Financial Performance - Q3 2025 revenue decreased by 6.92% year-on-year to CNY 4,931,141,240.87, and year-to-date revenue decreased by 10.97% to CNY 13,678,368,705.04[5] - Net loss attributable to shareholders was CNY -107,028,545.25, a decline of 544.10% year-on-year, with a year-to-date loss of CNY -288,278,966.68, down 304.43%[5] - Basic and diluted earnings per share were both CNY -0.2384, reflecting a decrease of 497.33% year-on-year[5] - Total operating revenue for the current period is ¥13,678,368,705.04, down from ¥15,363,120,450.17 in the previous period, representing a decrease of approximately 10.4%[23] - The net profit for the current period is a loss of ¥302,772,299.61, contrasting with a profit of ¥213,274,656.01 in the previous period, indicating a significant decline[24] - The company reported an operating loss of ¥291,518,289.15 for the current period, compared to an operating profit of ¥223,733,576.86 in the previous period[24] Cash Flow and Liquidity - Operating cash flow for the year-to-date period was CNY 67,361,128.44, down 93.18% compared to the previous year[5] - Net cash flow from operating activities decreased to ¥67,361,128.44 from ¥987,100,428.62 year-over-year, a decline of approximately 93.2%[25] - Total cash inflow from operating activities was ¥13,583,524,041.41, down from ¥15,151,921,855.08, representing a decrease of about 10.4%[25] - Cash outflow for operating activities totaled ¥13,516,162,912.97, compared to ¥14,164,821,426.46, a reduction of approximately 4.6%[26] - The ending cash and cash equivalents balance was ¥295,532,965.55, down from ¥525,207,194.59 year-over-year[26] - Cash inflow from financing activities increased to ¥1,603,233,878.14 from ¥740,350,000.00, a growth of approximately 116.6%[26] - Net cash flow from financing activities was ¥412,991,810.36, compared to -¥429,656,954.91 previously, indicating a significant turnaround[26] Assets and Liabilities - Total assets increased by 5.12% to CNY 5,072,037,958.68 compared to the end of the previous year[5] - Current liabilities have risen to ¥2,878,338,621.24, up from ¥2,045,686,626.81, which is an increase of about 40.7%[21] - Non-current liabilities decreased to ¥691,455,177.24 from ¥912,556,403.15, showing a reduction of approximately 24.2%[21] - The total liabilities have increased to ¥3,569,793,798.48 from ¥2,958,243,029.96, indicating an increase of approximately 20.6%[21] - The total equity attributable to shareholders decreased to ¥1,474,879,752.51 from ¥1,763,503,699.61, reflecting a decline of about 16.4%[21] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 12,405[14] - Jiangsu Yike Agricultural Investment Co., Ltd. holds 70.11% of shares, totaling 314,772,806 shares, with 16,000,000 shares pledged[14] - The top ten shareholders account for a significant portion of the company's equity, with the largest shareholder holding over 70%[14] - The total number of restricted shares at the end of the period is 332,481,026, with no new restricted shares added during the period[17] - The company plans to lift restrictions on shares held by major shareholders on January 22, 2025[17] - The company has not reported any changes in the status of major shareholders participating in margin trading[15] Research and Development - Research and development expenses rose by 72.72% to CNY 23,266,751.29, indicating increased investment in R&D projects[11] - Research and development expenses increased to ¥23,266,751.29 from ¥13,470,740.68, representing an increase of approximately 72.5%[24] Other Financial Information - Other income, primarily from government subsidies, increased by 250.63% to CNY 39,507,682.22[11] - Cash and cash equivalents decreased by 43.73% to CNY 295,532,965.55 at the end of the period[12] - Short-term borrowings increased by 106.84% to CNY 1,415,689,443.65, reflecting higher short-term financing needs[10] - The company reported a significant increase in contract liabilities by 1128.24% to CNY 58,532,135.64, indicating a rise in prepayments from customers[10] - There are no other significant matters reported in the current period[18] - The company did not undergo an audit for the third quarter financial report[27] - The company plans to implement new accounting standards starting in 2025, but this does not apply to the current reporting period[27]

Financial Performance - The company's revenue for the third quarter reached ¥1,009,538,235.50, representing a year-on-year increase of 34.94%[4] - Net profit attributable to shareholders was ¥2,480,777.22, up 110.51% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,754,407.13, a decrease of 82.27% year-on-year[4] - Basic earnings per share for the third quarter were ¥0.0037, reflecting a growth of 110.36% year-on-year[4] - Total operating revenue for the current period reached ¥2,653,648,993.12, an increase of 17.2% compared to ¥2,264,207,423.46 in the previous period[20] - Net profit for the current period was ¥4,462,592.15, a significant recovery from a net loss of ¥42,338,766.53 in the previous period[21] - Total comprehensive income for the period was CNY 2,431,503.47, a significant recovery from a loss of CNY 42,704,474.91 in the previous period[22] - Basic and diluted earnings per share improved to CNY 0.0066, compared to a loss of CNY 0.0640 in the prior period[22] Cash Flow and Investments - The operating cash flow net amount for the year-to-date period was ¥55,427,786.43, an increase of 147.42%[4] - Net cash flow from operating activities was CNY 55,427,786.43, a turnaround from a negative cash flow of CNY -116,875,268.28 in the previous year[24] - Cash inflow from operating activities totaled CNY 2,058,316,143.66, up from CNY 1,732,092,679.26 in the prior period[23] - Cash outflow for operating activities was CNY 2,002,888,357.23, compared to CNY 1,848,967,947.54 in the previous year[24] - Cash flow from investing activities generated a net inflow of CNY 21,797,577.39, an improvement from a net outflow of CNY -123,941,600.39 in the prior period[24] - The company received CNY 715,683,933.03 from borrowings, a decrease from CNY 902,137,024.60 in the prior period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,950,738,146.48, a decrease of 5.60% from the end of the previous year[4] - Current liabilities totaled ¥2,406,307,961.97, down 6.9% from ¥2,583,106,824.76 in the previous period[19] - Non-current liabilities decreased to ¥293,227,183.49 from ¥353,078,410.86, a reduction of 16.9%[19] - The company's total equity increased slightly to ¥1,251,203,001.02 from ¥1,248,771,497.55, reflecting a growth of 0.3%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,123[12] - The largest shareholder, Ji Defa, holds 13.42% of shares, totaling 88,956,197 shares[12] - Qingdao Haier Kaos Industrial Intelligent Co., Ltd. is the second-largest shareholder with a 10.00% stake, amounting to 66,306,129 shares[12] - The company has a total of 10 major shareholders, with the top three being related through family ties[13] - The total number of preferred shareholders is zero, indicating no preferred shares are currently issued[14] Financial Management - The company reported a 32.88% decrease in financial expenses, amounting to ¥18,884,918.77, due to a reduction in loan scale and interest rates[10] - The company reported a significant decrease in financial expenses, which fell to ¥18,884,918.77 from ¥28,135,081.58, a reduction of 33.0%[21] Research and Development - Research and development expenses for the current period were ¥154,903,514.07, up from ¥149,649,975.47, indicating a growth of 3.0%[21] Corporate Actions - The company plans to issue shares to specific investors, with the proposal approved at the shareholder meeting on July 16, 2025[14] - The application for the share issuance was accepted by the Shenzhen Stock Exchange on August 7, 2025[15] - The company is undergoing a board restructuring, having elected a new board on July 16, 2025[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥493,149,747.90 from ¥615,626,656.38 at the beginning of the period, a decline of approximately 20%[17] - The ending cash and cash equivalents balance was CNY 375,839,507.36, down from CNY 406,019,479.31 at the end of the previous period[24] - The company experienced a significant increase of 972.78% in the impact of exchange rate changes on cash and cash equivalents, amounting to ¥1,839,940.24[10] Accounts Receivable - Accounts receivable increased slightly to ¥1,067,003,592.36 from ¥1,060,682,384.95, indicating a growth of about 0.6%[17]

Revenue and Profitability - Q3 2025 revenue reached ¥495,046,605.15, a 28.42% increase compared to ¥385,505,275.46 in the same period last year[5] - Net profit attributable to shareholders was ¥13,519,199.57, down 78.05% from ¥61,587,550.89 year-on-year[5] - Total operating revenue for the current period reached ¥1,459,311,230.15, an increase of 4.4% compared to ¥1,398,196,592.81 in the previous period[21] - Net profit for the current period was ¥33,511,062.11, a decrease of 69% compared to ¥108,985,799.47 in the previous period[22] - Basic earnings per share decreased to -¥0.0312, a decline of 78.09% from -¥0.1424 in the same period last year[5] - Basic earnings per share decreased to ¥0.0774 from ¥0.2520 in the previous period, reflecting a significant decline in profitability[23] - The total comprehensive income for the current period was ¥43,270,305.45, down from ¥111,317,494.35 in the previous period, indicating a decline in overall financial health[23] Cash Flow and Financial Position - The net cash flow from operating activities was ¥380,972,060.00, a significant increase of 1,294.04% compared to ¥31,906,075.99 in the previous year[5] - Cash flow from operating activities decreased to ¥1,453,350,399.53 from ¥1,500,680,815.11, indicating a decline in cash generation from core operations[25] - Operating cash inflow totaled $1,620,769,293.86, a decrease from $1,694,856,768.64 in the previous period[26] - Operating cash outflow increased to $2,001,741,353.86 from $1,662,950,692.65, resulting in a net cash flow from operating activities of -$380,972,060.00 compared to $31,906,075.99 previously[26] - Cash paid to employees increased to $713,772,007.99 from $651,268,066.41[26] - Cash paid for other operating activities rose to $367,302,857.01 from $301,322,900.11[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,116,016,210.53, a decrease of 4.57% from ¥4,312,997,155.23 at the end of the previous year[5] - Total current assets decreased from CNY 2,974,995,087.77 to CNY 2,673,062,414.67, a reduction of about 10.1%[16] - Total liabilities decreased to ¥996,867,693.17 from ¥1,204,774,675.82, indicating a reduction in financial obligations[22] - Short-term borrowings decreased from CNY 262,207,517.28 to CNY 224,260,541.20, a reduction of about 14.5%[18] - Accounts payable decreased from CNY 331,545,887.07 to CNY 304,032,262.04, a decline of approximately 8.3%[18] Inventory and Investments - Inventory increased by 38.13% to ¥902,073,900.00, attributed to increased stockpiling[8] - The company reported a 96.68% decrease in trading financial assets, with a balance of ¥14,556,100.00 compared to the beginning of the year[8] - Investment income rose by 183.53% to ¥2,078,200.00, mainly due to increased returns from financial products[10] - Cash flow from investing activities increased by 176.08% to ¥325,548,400.00, reflecting reduced cash outflows related to investments[11] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,131[13] - The top two shareholders, Chen Zhiqiang and Wu Kunxiang, each hold 22.12% of shares, totaling 95,725,200 shares[13] Other Financial Metrics - The company reported a financial expense of -¥38,303,603.88, which is an increase in net financial income compared to -¥27,355,896.24 in the previous period[22] - Other comprehensive income after tax for the current period was ¥9,759,243.34, significantly higher than ¥2,331,694.88 in the previous period, reflecting improved financial performance in this area[23] - The company has a goodwill of CNY 110,530,076.89, slightly down from CNY 112,506,143.69[18] - The company has no preferred shareholders or related matters to report[15]

Financial Performance - The company's revenue for Q3 2025 was ¥1,674,554,353.82, representing a decrease of 8.02% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥15,261,028.68, down 58.58% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,298,811.06, a decline of 70.64% compared to the previous year[11]. - The basic and diluted earnings per share for Q3 2025 were both ¥0.03, reflecting a decrease of 66.67% from ¥0.09 in Q3 2024[9]. - Total operating revenue for the current period is ¥5,353,226,595.70, a decrease of 2.3% from ¥5,479,472,836.38 in the previous period[21]. - Net profit for the current period is ¥73,266,609.62, a decline of 26.9% compared to ¥100,187,565.39 in the previous period[23]. - Earnings per share for the current period is ¥0.14, down from ¥0.21 in the previous period[23]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months of 2025 was ¥490,326,618.41, down 30.65% from ¥707,063,637.76 in the same period last year[10]. - Cash generated from operating activities is ¥6,140,694,388.48, a decrease from ¥6,376,867,755.75 in the previous period[24]. - Net cash flow from operating activities was $490.33 million, a decrease of 30.7% compared to $707.06 million in the previous period[25]. - Total cash inflow from operating activities was $7.89 billion, while cash outflow was $7.40 billion, resulting in a net increase of $490.33 million[25]. - The ending balance of cash and cash equivalents was $714.35 million, down from $868.64 million in the previous period[26]. - Cash received from tax refunds amounted to $1.75 billion, compared to $1.58 billion previously[25]. - Cash paid for employee compensation was $170.42 million, a slight decrease from $177.90 million in the previous period[25]. - Cash paid for taxes was $104.93 million, down from $128.26 million in the previous period[25]. Assets and Liabilities - Total assets at the end of Q3 2025 were ¥6,319,891,150.33, a decrease of 4.77% from the end of the previous year[5]. - The total assets of the company as of September 30, 2025, amounted to CNY 6,319,891,150.33, a decrease from CNY 6,636,569,329.88 at the beginning of the period[17]. - Current assets decreased from CNY 5,849,378,587.75 to CNY 5,505,997,878.68, reflecting a decline of approximately 5.86%[17]. - The company's total liabilities decreased from CNY 4,636,569,329.88 to CNY 4,319,891,150.33, reflecting a decrease of about 6.84%[17]. - Total liabilities amount to ¥3,760,412,120.93, down from ¥4,073,989,164.42 in the previous period[22]. - Total equity stands at ¥2,559,479,029.40, slightly down from ¥2,562,580,165.46 in the previous period[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,223[13]. - The largest shareholder, Dongfang Keyi Holdings, holds a 30.13% stake in the company[13]. - The equity attributable to shareholders at the end of Q3 2025 was ¥2,506,344,685.30, an increase of 1.19% from the previous year[5]. Operational Metrics - The company reported a significant decline in gross profit, which contributed to the decrease in net profit[9]. - Total operating costs for the current period are ¥5,254,415,583.98, down 1.9% from ¥5,354,912,218.48 in the previous period[22]. - The company reported a significant increase in other income to ¥6,683,689.24 from ¥1,687,365.75 in the previous period[22]. - The company experienced a rise in financial expenses, totaling ¥28,328,643.67 compared to ¥50,041,270.06 in the previous period[22]. - The company’s deferred income tax liabilities increased to ¥5,961,518.99 from ¥2,580,903.48 in the previous period[22]. Inventory and Receivables - Accounts receivable decreased from CNY 1,558,930,002.18 to CNY 1,492,181,605.80, a reduction of approximately 4.26%[18]. - Inventory decreased from CNY 2,708,459,897.69 to CNY 2,488,669,913.27, indicating a decline of about 8.11%[18]. - The company reported a significant increase in other receivables, which rose from CNY 188,086,486.40 to CNY 156,290,622.07, a decrease of approximately 16.91%[18]. Fixed and Non-Current Assets - The company's fixed assets decreased slightly from CNY 539,150,113.33 to CNY 519,220,711.92, a decline of about 3.70%[18]. - The company’s non-current assets increased from CNY 787,190,742.13 to CNY 813,893,271.65, reflecting an increase of approximately 3.41%[18]. Audit Status - The company’s third-quarter financial report was not audited[27].

Financial Performance - The company's revenue for Q3 2025 reached ¥309,911,152.36, representing a 16.25% increase year-over-year[5] - Net profit attributable to shareholders was ¥58,610,671.74, up 17.93% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥58,204,133.26, an 18.09% increase year-over-year[5] - Total operating revenue for the third quarter reached ¥716,447,993.31, an increase of 11.3% compared to ¥643,653,271.96 in the same period last year[21] - The net profit for the current period is CNY 118,819,280.87, an increase from CNY 113,671,595.20 in the previous period, reflecting a growth of approximately 4.5%[22] - Operating profit for the current period is CNY 144,922,137.16, compared to CNY 125,572,508.92 in the previous period, indicating an increase of approximately 15.4%[22] - The total comprehensive income for the current period is CNY 140,781,980.54, compared to CNY 113,671,595.20 in the previous period, reflecting an increase of approximately 23.8%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,010,493,624.63, reflecting a 20.05% increase from the end of the previous year[5] - Total assets reached ¥3,010,493,624.63, compared to ¥2,507,648,682.32 at the start of the period, marking a growth of 20%[19] - Total liabilities increased to ¥1,049,314,307.23, up from ¥669,847,032.39, representing a rise of 56.7%[19] - Non-current assets totaled ¥788,727,935.02, up from ¥618,465,343.91, indicating a growth of 27.5%[18] Cash Flow and Working Capital - The company reported a net cash flow from operating activities of -¥212,772,496.26, a decrease of 47.07% compared to the same period last year[10] - The cash flow from operating activities showed a net outflow of CNY -212,772,496.26, worsening from CNY -144,676,921.68 in the previous period[25] - Cash and cash equivalents decreased to ¥312,092,451.40 from ¥448,545,279.67, reflecting a decline of 30.4%[17] - Cash and cash equivalents at the end of the period decreased to CNY 311,744,451.40 from CNY 619,969,132.62, a decline of about 49.7%[25] - Accounts receivable increased to ¥761,280,398.86, up 8.9% from ¥698,931,957.07 at the beginning of the period[17] - Inventory rose significantly to ¥700,434,094.11, a 34.5% increase from ¥520,742,228.26[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,024[11] - The top 10 shareholders hold a combined 38.66% of the total shares, with the largest shareholder, Luo Juedian, owning 8.19% (14,698,913 shares)[11] - Beijing Kongying Technology Development Co., Ltd. holds 6.91% (12,405,491 shares) as the second-largest shareholder[11] - Wu Mingxing, the third-largest shareholder, owns 6.16% (11,050,632 shares)[11] - The total number of shares held by the top 10 unrestricted shareholders is 43,000,000, with the largest being Beijing Kongying Technology Development Co., Ltd. at 12,405,491 shares[12] - The company has a total of 15,635,491 restricted shares held by Beijing Kongying Technology Development Co., Ltd., which will be released on August 21, 2025[14] - The company has 7,500,000 restricted shares held by Beijing Dashu Changqing Asset Management Co., Ltd., also set to be released on August 21, 2025[14] - The total number of shares held by the top 10 unrestricted shareholders includes significant holdings from various investment partnerships, indicating a diverse shareholder base[12] - The company has not reported any changes in the number of shares due to margin trading activities among the top shareholders[12] - There are no preferred shareholders or changes in restricted shares reported for the current period[13] Expenses - Total operating costs amounted to ¥541,131,999.97, up 10.5% from ¥489,681,517.52 year-over-year[21] - Research and development expenses increased to CNY 43,524,420.53 from CNY 32,723,651.21, representing a rise of about 33%[22] - The company reported a significant increase in management expenses to CNY 39,335,771.60 from CNY 30,466,335.76, which is an increase of approximately 29.2%[22] Earnings Per Share - The basic earnings per share for the period was ¥0.33, a slight decrease of 1.01% year-over-year[5] - Basic earnings per share decreased to CNY 0.7019 from CNY 0.7671, a decline of about 8.5%[23] Credit Risk - The company incurred a credit impairment loss of CNY -34,273,552.57, compared to CNY -30,719,043.34 in the previous period, indicating an increase in credit risk[22] Investments - The company experienced a 121.25% increase in prepayments due to a rise in orders and inventory needs[9] - Short-term borrowings increased by 62.88% to ¥892,404,009.92, primarily to supplement working capital[9] - The company reported a significant increase in fixed asset investments, with a rise of 84.54% attributed to capacity enhancement[9] - Short-term borrowings increased to ¥892,404,009.92 from ¥547,886,848.17, reflecting a rise of 62.7%[18]

Revenue and Profitability - Revenue for Q3 2025 reached ¥355,177,558.12, an increase of 161.34% year-over-year[5] - Net profit attributable to shareholders was -¥25,898,651.18, a decrease of 79.98% compared to the same period last year[5] - Operating revenue for the first nine months of 2025 reached ¥642.69 million, a 72.06% increase compared to ¥373.52 million in the same period of 2024, primarily driven by increased sales of new AI computing servers and laptops[10] - The net profit attributable to the parent company was -¥90.03 million, a decline of 161.45% from -¥34.43 million in the previous year, attributed to intensified competition in the consumer electronics sector and increased expenses[10] - Total comprehensive income for the current period was -¥93,598,244.55, compared to -¥35,339,622.43 in the previous period, indicating a significant decline[24] - Basic and diluted earnings per share were both -¥0.77, compared to -¥0.30 in the previous period[24] Cash Flow and Financial Activities - The company reported a net cash flow from operating activities of -¥428,651,064.02, a decline of 1,550.42% year-to-date[5] - Cash flow from operating activities showed a significant outflow of -¥428.65 million, a drastic increase of 1550.42% compared to the previous period, mainly due to higher payments to suppliers and personnel[10] - Cash flow from investing activities decreased by 88.04% to ¥11.91 million, down from ¥99.61 million, primarily due to fewer matured financial products compared to the previous period[10] - Cash flow from financing activities surged to ¥386.08 million, a remarkable increase of 25594.31%, mainly due to new bank borrowings[10] - Cash inflow from investment activities was ¥631,280,013.98, while cash outflow was ¥619,367,120.24, resulting in a net cash inflow of ¥11,912,893.74[26] - The company raised ¥18,300,000.00 from new investments and ¥410,000,000.00 from borrowings during the financing activities[26] Assets and Liabilities - Total assets increased to ¥2,917,615,415.27, reflecting a growth of 13.88% from the end of the previous year[5] - Total liabilities rose to CNY 818,283,788.42, compared to CNY 386,987,787.51, which is an increase of approximately 112%[20] - The company's equity attributable to shareholders decreased to CNY 2,101,778,397.80 from CNY 2,175,526,631.95, a decline of about 3.4%[20] Inventory and Receivables - Accounts receivable rose by 218.26% to ¥340,622,374.55, driven by increased shipments of AI computing servers and laptops[9] - Inventory increased by 86.31% to ¥315,263,459.30, attributed to higher orders and raw material stocking for AI computing servers and laptops[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,692, with no preferred shareholders[12] - The largest shareholder, Shenzhen Aoxin Tong Innovation Investment Co., Ltd., holds 42.44% of shares, totaling 49.4 million shares[12] Research and Development - Research and development expenses for the period were CNY 68,893,270.76, compared to CNY 55,669,044.63 in the previous period, reflecting an increase of approximately 23.6%[22] Other Financial Metrics - The weighted average return on equity was -1.23%, a decrease of 0.59% compared to the previous year[5] - The company reported a significant increase in credit impairment losses, amounting to -¥15.26 million, a 462.19% increase from -¥2.71 million in the previous year, mainly due to the recovery of bad debts[10] - Other comprehensive income decreased by 55.15% to ¥835.72 million, primarily due to exchange rate impacts[10] - Cash and cash equivalents at the end of the period were CNY 142,070,420.33, down from CNY 171,259,667.52 at the beginning of the period, reflecting a decrease of approximately 17%[18] Share Performance and Restrictions - The company plans to unlock 1,500,000 restricted shares in 2026, contingent on meeting performance assessment targets[15] - The total number of restricted shares at the end of the period was 4,638,592, down from 4,088,592 at the beginning of the period, indicating a net decrease of approximately 12.2%[15] Audit Information - The company did not undergo an audit for the third quarter financial report[27]

Revenue and Profit - The company's revenue for Q3 2025 was CNY 109,712,466.60, representing an increase of 18.68% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 2,718,329.74, a decrease of 46.04% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 2,898,868.24, down 37.68% compared to the previous year[5]. - Total operating revenue for the current period reached ¥286,951,312.31, an increase of 7.2% compared to ¥267,994,120.17 in the previous period[24]. - Net profit for the current period was ¥15,818,154.07, compared to ¥15,034,367.24 in the previous period, indicating an increase of 5.2%[24]. - The net profit attributable to the parent company's shareholders for the current period is ¥16,491,589.06, compared to ¥15,034,367.24 in the previous period, reflecting an increase of approximately 9.7%[25]. - The total comprehensive income attributable to the parent company's owners is ¥16,201,373.05, while the total comprehensive income for the previous period was ¥15,979,642.24, indicating a growth of about 1.4%[25]. - The basic and diluted earnings per share for the current period are both ¥0.04, up from ¥0.03 in the previous period, representing a 33.3% increase[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,647,798,152.45, an increase of 8.38% from the end of the previous year[5]. - The company's total assets increased to ¥1,647,798,152.45 from ¥1,520,339,670.66, representing a growth of 8.4%[22]. - Current assets totaled ¥520,219,824.61, up from ¥481,367,857.29, marking an increase of 8.0%[22]. - Non-current assets rose to ¥1,127,578,327.84 from ¥1,038,971,813.37, reflecting an increase of 8.5%[22]. - Total liabilities increased to ¥371,263,752.04 from ¥279,457,100.46, a rise of 32.9%[22]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 37,754,428.95, a decrease of 5.61% year-to-date[5]. - Cash inflows from operating activities totaled ¥185,780,791.31, compared to ¥161,371,832.60 in the previous period, marking an increase of approximately 15.1%[27]. - The net cash flow from operating activities is -¥37,754,428.95, slightly worse than the previous period's -¥35,750,603.26[27]. - Cash inflows from investing activities amounted to ¥46,599,794.99, significantly higher than the previous period's ¥1,694,824.49[28]. - The net cash flow from investing activities is -¥23,766,493.30, compared to -¥456,093.75 in the previous period, indicating a larger outflow[28]. - Cash inflows from financing activities reached ¥122,634,049.99, up from ¥40,000,000.00 in the previous period, showing a substantial increase[29]. - The net cash flow from financing activities is ¥48,220,040.38, a recovery from the previous period's -¥53,745,642.33[29]. - The ending cash and cash equivalents balance is ¥257,051,627.29, compared to ¥222,282,245.46 at the end of the previous period, reflecting an increase of approximately 15.7%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 53,475[16]. - The largest shareholder, Chongqing Life Science Technology and New Materials Industry Group Co., Ltd., holds 40.55% of shares, amounting to 175,808,982 shares[16]. Investments and Partnerships - The company confirmed an investment income of 2.88 million yuan from Xinjiang Xinhui Gorge Clean Energy Co., Ltd., with a cumulative investment income of 21.86 million yuan[18]. - The company has extended the duration of the partnership with Jiaxing Huayi New Materials Investment Partnership until March 31, 2026, due to market conditions[18]. Other Financial Metrics - Financial expenses increased by 32.85% compared to the same period last year, primarily due to a decrease in interest income[13]. - Credit impairment losses increased due to a rise in accounts receivable and the impact of prior year recoveries[13]. - Asset disposal gains rose by 29.79% compared to the same period last year, driven by increased non-current asset disposal gains[13]. - The company's short-term borrowings decreased by 90.01% to CNY 4,000,000.00 compared to the beginning of the year[9]. - The company's accounts receivable increased by 76.73% to CNY 148,576,565.21 compared to the beginning of the year[10]. - The company's prepayments increased by 206.33% to CNY 3,770,459.66 compared to the beginning of the year[11]. - The company reported a significant increase in construction in progress by 1409.18% to CNY 48,351,313.35 compared to the beginning of the year[11]. - The company recognized goodwill due to the acquisition of Chongqing Weilan Times Energy Technology Co., Ltd., contributing to the increase in intangible assets by 73.78% to CNY 51,236,153.56[12]. - Long-term borrowings increased to ¥181,323,289.02 from ¥75,000,000.00, an increase of 141.8%[22].

慧翰微电子股份有限公司 2025 年第三季度报告 证券代码：301600 证券简称：慧翰股份 公告编号：2025-034 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个 别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 慧翰微电子股份有限公司 1 2025 年第三季度报告 慧翰微电子股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 226,482,839.74 | -25.75% | 677,13 ...