广东广弘控股股份有限公司 2025 年第三季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 证券代码：000529 证券简称：广弘控股 公告编号：2025-35 广东广弘控股股份有限公司 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。 广东广弘控股股份有限公司 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） | 541,952,318.28 | -17.66% | 1,68 ...

Revenue and Profitability - Q3 2025 revenue decreased by 71.19% year-on-year to ¥37,345,869.47, and year-to-date revenue decreased by 72.57% to ¥101,562,949.15[5] - Net profit attributable to shareholders increased by 185.84% year-on-year to ¥16,001,940.02, and year-to-date net profit increased by 276.69% to ¥63,011,845.44[5] - Basic and diluted earnings per share rose by 186.67% year-on-year to ¥0.13, with year-to-date earnings per share at ¥0.51, up 275.86%[5] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 157.78% year-on-year to ¥15,436,899.81[5] - Net profit for the current period is ¥76,602,575.67, compared to a net loss of ¥30,435,899.44 in the previous period[20] - Operating profit for the current period is ¥77,352,856.10, a significant improvement from a loss of ¥16,697,073.40 in the previous period[20] - Basic and diluted earnings per share for the current period are both ¥0.51, compared to a loss of ¥0.29 in the previous period[20] Cash Flow and Investments - Operating cash flow net amount for the year-to-date reached ¥94,920,856.76, a significant increase of 1,799.71%[5] - The company's cash and cash equivalents increased by 920.64% to approximately ¥350.71 million due to the sale of its subsidiary in January 2025, resulting in a significant increase in bank deposits[10] - The net cash flow from operating activities increased by 1799.71% to approximately ¥94.92 million, reflecting higher collections from government clients[11] - The company recorded a 26390.07% increase in net cash flow from investing activities to approximately ¥334.87 million, resulting from the recovery of investment funds after the subsidiary sale[11] - Cash flow from operating activities for the current period is ¥94,920,856.76, compared to ¥4,996,588.50 in the previous period[21] - Cash flow from investing activities shows a net inflow of ¥334,873,292.55, compared to a net outflow of ¥1,273,763.32 in the previous period[21] - Cash flow from financing activities resulted in a net outflow of ¥199,772,238.51, compared to a net outflow of ¥51,942,437.69 in the previous period[22] - The ending cash and cash equivalents balance is ¥350,198,502.57, up from ¥58,586,535.34 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥905,011,466.22, down 22.05% from the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 24.92% to ¥315,836,220.12 compared to the end of the previous year[5] - The company's total liabilities decreased significantly, with long-term borrowings down by 31.19% to approximately ¥176.50 million, following repayments[10] - Total liabilities decreased to ¥497,565,343.55 from ¥830,127,135.59, a decline of approximately 40%[18] - The company's equity attributable to shareholders increased to ¥315,836,220.12 from ¥252,824,374.68, representing a growth of about 25%[18] Changes in Financial Position - Accounts receivable decreased by 26.44% to approximately ¥308.04 million, attributed to the recovery of project payments from government clients[10] - The company's short-term borrowings decreased by 91.62% to approximately ¥10.01 million, as part of the repayment of loans following the recovery of investment funds[10] - Inventory increased by 312.91% to approximately ¥33.79 million, attributed to costs associated with unfinished projects[10] - The company’s retained earnings rose by 971.68% to approximately ¥69.50 million, due to increased investment income from the sale of the subsidiary[10] - Deferred tax assets increased to ¥9,272,200.41 from ¥7,704,301.59, an increase of about 20.4%[17] Strategic Developments - The company plans to transfer 22.35% of its shares from a major shareholder, which may lead to a change in control[14] - The company is currently evaluating new strategies for market expansion and product development[14] Operational Performance - Total operating revenue for the current period is ¥101,562,949.15, a decrease of 72.6% compared to ¥370,200,361.22 in the previous period[19] - Total operating costs for the current period are ¥116,419,211.54, down 70.2% from ¥390,641,080.55 in the previous period[19] Non-recurring Items - Non-recurring gains and losses for the reporting period amounted to ¥565,040.21, with year-to-date total non-recurring gains and losses at ¥50,557,924.92[7] - The company did not report any significant non-recurring losses related to asset disposals during the current period[6] - The company has not identified any other non-recurring gains or losses that meet the defined criteria[8] Audit Status - The company has not undergone an audit for the third quarter financial report[23]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,300,468,394.97, a decrease of 10.86% year-on-year, while the year-to-date revenue reached CNY 7,108,445,829.02, down 8.48% compared to the same period last year [5]. - Net profit attributable to shareholders for Q3 2025 was CNY 101,867,067.60, a decline of 17.47% year-on-year, with year-to-date net profit at CNY 382,651,884.41, down 1.89% [5]. - Total operating revenue for the current period is ¥7,108,445,829.02, a decrease of 8.5% compared to ¥7,767,105,145.09 in the previous period [21]. - Net profit for the current period is ¥382,666,944.60, a slight decrease of 1.1% from ¥390,011,325.39 in the previous period [22]. - The company’s total profit for the current period is ¥492,130,184.29, an increase of 9.9% from ¥447,499,296.42 in the previous period [22]. - Basic and diluted earnings per share for the current period are both ¥0.28, a decrease from ¥0.29 in the previous period [22]. Cash Flow and Assets - The company achieved a net cash flow from operating activities of CNY 877,749,707.84 year-to-date, reflecting a 9.99% increase [5]. - Cash flow from operating activities generated a net amount of ¥877,749,707.84, an increase of 10% compared to ¥798,028,872.86 in the previous period [23]. - Cash and cash equivalents at the end of the period reached ¥2,719,235,905.60, up from ¥1,819,728,837.77 in the previous period, reflecting a significant increase of 49.5% [24]. - The total assets at the end of Q3 2025 amounted to CNY 8,434,849,210.08, representing a 1.81% increase from the end of the previous year [5]. - Current assets totaled ¥5,218,677,424.87, up from ¥4,903,221,523.78, driven by an increase in cash and inventory [18]. - Non-current assets decreased to ¥3,216,171,785.21 from ¥3,381,936,733.82, primarily due to a reduction in fixed assets and intangible assets [19]. - Total liabilities decreased to ¥3,744,888,557.67 from ¥3,821,464,549.79, indicating improved financial stability [19]. - Total equity attributable to shareholders increased to ¥4,689,318,385.47 from ¥4,463,066,501.06, reflecting retained earnings growth [20]. Cost Management - The gross profit margin for the reporting period was 29.36%, slightly up by 0.23 percentage points year-on-year [10]. - The company has reduced its management expenses by 21.02% year-on-year, optimizing internal management and controlling costs [12]. - Total operating costs decreased to ¥6,744,927,061.40, down 9.5% from ¥7,448,340,305.51 in the previous period [21]. - The company reported a decrease in sales expenses to ¥1,562,002,879.23, down 9.5% from ¥1,726,612,837.10 in the previous period [21]. Investments and Future Plans - Investment income increased by 19.68% year-on-year, primarily due to higher net profits from a partnership with a new bank [12]. - The company plans to expand its store count to 300 by the end of the year, leveraging 24-hour cloud service technology to enhance operational efficiency [9]. - The company is focusing on digital operations and flat management to improve operational efficiency and drive sustainable growth [9]. Asset Changes - Intangible assets decreased by 21.15% to ¥75,294,936.36 due to scheduled amortization [14]. - Long-term prepaid expenses decreased by 36.90% to ¥13,831,489.90, primarily due to amortization of store renovation expenses [14]. - Employee compensation payable decreased by 55.23% to ¥28,370,742.10, attributed to the issuance of last year's performance bonuses [14]. - Other payables increased by 41.10% to ¥77,498,820.85, mainly due to timing differences in the collection of value-added service fees [14]. - Lease liabilities decreased by 30.73% to ¥301,098,303.67, resulting from a reduction in payable rent for store properties [14].

Financial Performance - The company's operating revenue for the third quarter reached ¥54,957,972.24, representing a year-on-year increase of 35.60%[3] - The total profit for the quarter was ¥11,470,660.28, showing a significant increase of 1,636.54% compared to the same period last year[3] - Net profit attributable to shareholders was ¥13,377,892.59, reflecting a year-on-year growth of 416.49%[3] - The net profit for the year-to-date period reached ¥26,189,829.86, an increase of 57.85% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥157,317,876.72, a 29.7% increase from ¥121,327,185.07 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥26,189,829.86, representing a 57.8% increase compared to ¥16,591,067.99 in the previous year[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.22, compared to ¥0.14 in the same period of 2024[20] Cash Flow and Investments - The net cash flow from operating activities for the quarter was ¥37,904,692.85, an increase of 87.05% year-on-year[3] - Cash flow from operating activities generated a net amount of ¥13,330,826.08, down from ¥19,807,918.11 in the previous year[23] - Cash inflow from investment activities was significantly higher at ¥869,335,560.52 compared to ¥296,510,701.37 in the same period of 2024[23] - The company reported a net cash outflow from investment activities of ¥738,888,772.23, an increase from ¥426,707,505.16 year-over-year[23] - The net cash flow from financing activities was -31,918,992.60, compared to -34,790,650.65 in the previous period, indicating a slight improvement[24] - The net increase in cash and cash equivalents was 111,858,621.77, contrasting with a decrease of -145,179,536.33 in the prior year[24] - The ending balance of cash and cash equivalents reached 331,440,558.34, up from 172,357,596.76 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,149,750,434.49, a decrease of 2.38% from the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to CNY 1,149,750,434.49, a decrease from CNY 1,177,747,047.43 as of December 31, 2024[14] - The company's current assets totaled CNY 983,127,931.90, down from CNY 1,010,584,307.06 in the previous period[15] - Total liabilities decreased to CNY 183,191,055.84 from CNY 207,143,669.70, a reduction of about 11.6%[16] - Current liabilities totaled CNY 105,640,421.37, down from CNY 135,744,182.78, indicating a decrease of approximately 22.2%[16] - Non-current liabilities increased to CNY 77,550,634.47 from CNY 71,399,486.92, reflecting an increase of about 8.5%[16] - The company's equity remained stable at CNY 121,800,000.00, unchanged from the previous period[16] - The total equity attributable to shareholders of the parent company was ¥966,559,378.65, slightly down from ¥970,603,377.73[17] - The total liabilities and equity amounted to ¥1,149,750,434.49, a decrease from ¥1,177,747,047.43[17] Research and Development - Research and development expenses totaled ¥18,142,677.36, accounting for 33.01% of operating revenue, a decrease of 18.62 percentage points compared to the previous year[4] Strategic Outlook - The company attributed revenue growth to structural improvements in downstream market demand and increased investment in emerging industries[8] - The company plans to continue enhancing product performance and expanding its product matrix to drive future growth[9] Inventory and Receivables - Cash and cash equivalents were reported at CNY 636,714,265.09, compared to CNY 679,283,932.82 at the end of 2024, indicating a decrease of approximately 6.3%[14] - Accounts receivable decreased to CNY 183,764,057.10 from CNY 202,605,727.02, reflecting a decline of about 9.3%[14] - Inventory increased to CNY 129,861,439.23 from CNY 106,959,309.18, representing an increase of approximately 21.4%[15] - The company reported a significant increase in other receivables, which rose to CNY 3,914,612.29 from CNY 3,637,117.64, an increase of approximately 7.6%[15] Accounting Changes - The company reclassified sales expenses related to warranty costs amounting to ¥1,213,271.85 into operating costs as per new accounting guidelines[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥471,594,597.48, a decrease of 7.32% compared to the same period last year[4] - Total profit for the quarter was ¥165,074,793.26, down 20.81% year-over-year[4] - Net profit attributable to shareholders was ¥108,400,659.58, reflecting a decline of 17.54% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.12, a decrease of 20.00% from the same period last year[5] - The weighted average return on equity was 1.57%, a decrease of 0.41 percentage points compared to the previous year[5] - The company reported total revenue of 1.53 billion RMB for the first three quarters of 2025, a decrease from 1.56 billion RMB in the same period of 2024[17] - Net profit attributable to shareholders of the parent company was CNY 390,254,783.42, down 7.9% from CNY 423,889,735.95 in the previous year[19] - Operating profit decreased to CNY 558,620,746.37, a decline of 11.2% from CNY 629,290,319.75 year-over-year[18] - The company reported a total comprehensive income of CNY 453,093,776.49, down from CNY 520,695,613.70 in the previous year[19] - Basic earnings per share decreased to CNY 0.44 from CNY 0.48 year-over-year[19] - Net profit for the first three quarters of 2025 was CNY 72,493,244.04, compared to CNY 140,856,891.91 in the same period of 2024, reflecting a decline of approximately 48.6%[28][29] - Operating profit for the first three quarters of 2025 was CNY 63,883,673.89, significantly lower than CNY 140,863,580.83 in the previous year[28][29] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,870,234,500.07, representing a 1.40% increase from the end of the previous year[5] - Shareholder equity attributable to the company was ¥6,960,209,835.78, up 3.89% from the previous year[5] - As of September 30, 2025, total assets amounted to 17.87 billion RMB, compared to 17.62 billion RMB at the end of 2024[14] - Current assets totaled 5.69 billion RMB, an increase from 5.52 billion RMB at the end of 2024[13] - As of September 30, 2025, total assets amounted to CNY 5,866,535,204.30, a slight decrease from CNY 5,931,667,508.12 as of December 31, 2024[24][26] - Current assets totaled CNY 1,219,461,208.75, down from CNY 1,407,632,951.53 in the previous year, primarily due to a decrease in cash and cash equivalents[24][25] - Total liabilities decreased slightly to CNY 572,302,603.93 from CNY 577,452,542.74 year-over-year[25][26] - The total owner's equity decreased to CNY 5,294,232,600.37 from CNY 5,354,214,965.38, reflecting the impact of reduced retained earnings[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥917,945,947.58, an increase of 14.70%[4] - Cash flow from operating activities was CNY 917,945,947.58, up 14.7% from CNY 800,280,958.49 in the same period last year[22] - Cash flow from investing activities showed a net outflow of CNY 480,208,151.65, an improvement from a net outflow of CNY 710,501,941.65 in the previous year[23] - Cash flow from financing activities resulted in a net outflow of CNY 484,837,146.58, contrasting with a net inflow of CNY 325,411,700.13 in the same period last year[23] - Cash flow from operating activities showed a net outflow of CNY -29,860,028.18 for the first three quarters of 2025, compared to CNY -10,112,377.60 in 2024, highlighting increased cash usage[30] - The net cash flow from investment activities was $62,414,872.10, compared to a negative cash flow of -$285,902,976.62 in the previous period[31] - Cash inflow from financing activities totaled $173,000,000.00, while cash outflow amounted to $323,002,322.72, resulting in a net cash flow of -$150,002,322.72[31] - The ending balance of cash and cash equivalents was $324,028,455.22, down from $441,478,152.99 at the beginning of the period[31] - The company's cash and cash equivalents decreased by $117,449,697.77 during the period[31] Renewable Energy Generation - In the first three quarters of 2025, the total power generation from controlled renewable energy projects was 2.56 billion kWh, a year-on-year decrease of 3.72%[12] - The on-grid electricity for the same period was 2.42 billion kWh, down 3.92% year-on-year[12] - Onshore wind power generation reached 1.62 billion kWh, a decline of 3.57% year-on-year, while offshore wind power generation was 698 million kWh, down 6.93%[12] - The photovoltaic segment saw a total generation of 242 million kWh, an increase of 6.14% year-on-year, with on-grid electricity of 176 million kWh, up 2.92%[12] - The company operates two independent electrochemical energy storage stations, with a total on-grid electricity of 9.4 million kWh in the first three quarters of 2025[12] - The biomass projects are currently in a transformation phase, with a total heating supply of 284,100 tons, down 18.36% year-on-year[12] Research and Development - Research and development expenses increased significantly to CNY 3,304,759.43, compared to CNY 399,378.09 in the previous year, reflecting a focus on innovation[18] - Research and development expenses increased to CNY 1,331,509.43 in 2025 from CNY 83,018.87 in 2024, indicating a focus on innovation[28] Shareholder Information - The top three shareholders hold a combined 78.26% of the company's shares, with Jiangsu Guoxin Group Co., Ltd. owning 57.27%[9] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[32]

恒林家居股份有限公司 2025 年第三季度报告 证券代码：603661 证券简称：恒林股份 恒林家居股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 期末比上年 | | | | 减变动幅度 | | 同期增减变 | | | | (%) | | 动幅度(%) | | 营业收入 | 3,140,300,742.31 | 4.44 | 8,487,586,9 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,457,447,026.22, representing a year-on-year increase of 5.35%[5] - Net profit attributable to shareholders was ¥75,348,922.18, a significant increase of 62.53% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥61,079,272.52, showing a remarkable growth of 198.48% year-on-year[5] - The company's net profit attributable to shareholders for the year-to-date period was ¥225,054,399.80, a 49.10% increase driven by refined management and enhanced product technology[9] - Net profit attributable to shareholders of the parent company was ¥225,054,399.80, compared to ¥150,943,104.46, representing a significant increase of 49.0%[17] - Operating profit amounted to ¥326,804,261.74, up from ¥292,356,087.88, reflecting a growth of 11.8%[17] - The basic earnings per share rose to ¥0.20 from ¥0.13, an increase of 53.8%[17] Cash Flow - The operating cash flow for the year-to-date period increased by 316.58%, totaling ¥725,038,979.81[5] - The net cash flow from operating activities for the current period was ¥725,038,979.81, a significant increase from ¥174,047,347.97 in the previous year[9] - Cash flow from operating activities was ¥3,045,055,051.99, significantly higher than ¥2,425,140,279.80 in the previous period, marking an increase of 25.5%[18] - Cash received from operating activities totaled ¥3,104,103,593.78, an increase from ¥2,503,407,528.57, reflecting a growth of about 24%[19] - Cash paid for purchasing goods and services was ¥1,540,788,748.38, slightly up from ¥1,441,926,695.21, indicating an increase of approximately 6.9%[19] - Cash inflow from financing activities was ¥438,256,250.00, compared to ¥8,702,799.16 in the previous period, a significant increase of approximately 4,935%[19] - The ending balance of cash and cash equivalents was ¥1,038,919,237.52, down from ¥1,698,784,835.24, a decrease of approximately 38.9%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥11,509,932,921.11, reflecting a slight increase of 0.40% from the previous year[5] - The total assets of the company stood at ¥11,509,932,921.11, slightly up from ¥11,464,004,472.50, indicating a growth of 0.4%[15] - Non-current liabilities totaled ¥43,389,626.31, down from ¥49,183,786.66, a decrease of 11.5%[15] - The company's total liabilities decreased to ¥1,763,757,217.16 from ¥1,844,198,444.20, a reduction of 4.4%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,906[10] - The top 10 shareholders hold a combined 59.48% of the shares, with Zhang Aijuan holding 17.12% and Ruan Jingbo holding 16.13%[10] - The total number of shares held by the top 10 unrestricted shareholders is 1,000,000,000, with Zhang Aijuan holding the largest share[10] - The company has not disclosed any related party relationships among the top shareholders, except for known familial ties[10] - The company’s repurchase account held 17,343,766 shares, accounting for 1.5430% of the total share capital as of September 30, 2025[10] Investment and Research - Research and development expenses increased to ¥187,454,726.16 from ¥160,255,140.38, reflecting a growth of 17.0%[16] - Total cash inflow from investment activities was ¥1,511,678,847.00, down from ¥2,550,872,348.61, indicating a decrease of about 40.7%[19] - The net cash flow from investment activities was negative at -¥634,836,830.40, contrasting with a positive cash flow of ¥76,478,069.93 previously[19] - Cash received from investment income was ¥41,750,578.20, up from ¥21,310,255.92, showing an increase of about 96.5%[19] Tax and Charges - The company experienced a 57.16% increase in taxes and additional charges, amounting to ¥36,086,732.82[9]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,918,354,486.29, representing a year-on-year increase of 13.94%[4] - The total profit for the period was ¥124,229,788.39, which is a 34.19% increase compared to the same period last year[4] - The net profit attributable to shareholders was ¥119,535,448.67, reflecting a significant increase of 44.13% year-on-year[4] - The basic earnings per share for the quarter was ¥0.23, up 43.75% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥5,343,849,247.67, an increase of 13.3% compared to ¥4,716,523,054.22 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥255,688,926.43, a decrease of 7.9% from ¥277,809,083.85 in 2024[21] - Earnings per share for the first three quarters of 2025 were ¥0.50, down from ¥0.54 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,340,484,983.14, marking a 31.81% increase from the end of the previous year[5] - Total assets increased to ¥9,340,484,983.14 in 2025 from ¥7,086,105,400.13 in 2024, reflecting a growth of 31.9%[18] - Total liabilities rose to ¥6,041,102,396.14 in 2025, compared to ¥3,937,141,694.79 in 2024, marking a 53.5% increase[17] - Current assets totaled ¥5,561,423,653.01 in 2025, up from ¥4,786,389,277.32 in 2024, representing a growth of 16.2%[18] - Non-current assets amounted to ¥3,779,061,330.13 in 2025, compared to ¥2,299,716,122.81 in 2024, an increase of 64.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥90,586,807.27[4] - Operating cash flow for the first nine months reached ¥90,586,807.27, a significant improvement from a negative cash flow of ¥76,832,348.74 in the same period last year, indicating a turnaround in operational efficiency[24] - Total cash inflow from operating activities was ¥5,409,851,511.33, up from ¥4,601,407,970.16, representing an increase of approximately 17.5% year-over-year[24] - Cash outflow for operating activities increased to ¥5,319,264,704.06 from ¥4,678,240,318.90, reflecting a rise of about 13.7% year-over-year[24] - The company's cash and cash equivalents at the end of the period stood at ¥557,401,990.13, down from ¥776,396,256.67, indicating a reduction in liquidity[25] Investments - Investment income for the year-to-date increased by 87.59%, primarily due to gains from investments in joint ventures and the disposal of subsidiaries[10] - The company reported a total of ¥2,545,641.85 in non-recurring gains and losses for the period[8] - The company received ¥58,200,000.00 from new investments, reflecting ongoing efforts to attract capital[25] - The total cash outflow for investment activities was ¥839,480,533.07, which is significantly higher than the previous year's outflow of ¥457,897,329.48, indicating aggressive investment strategies[25] - Investment activities generated a net cash outflow of ¥782,023,114.25, worsening from a net outflow of ¥406,218,670.41 in the previous year, indicating increased investment expenditures[25] Operational Metrics - The company experienced a 203.84% increase in fair value gains, mainly attributed to changes in forward foreign exchange settlement and sales[10] - The company’s prepayments increased by 127.07% due to growth in business volume and advance payments for raw materials[10] - Inventory at the end of the reporting period reached 1,996,483,007.68 RMB, up from 1,534,537,089.84 RMB, indicating a significant increase in raw materials due to overseas business and capacity expansion[15] - Contract liabilities increased by 35.31%, reflecting a rise in customer prepayments during the reporting period[11] - Research and development expenses for the first three quarters of 2025 were ¥83,324,752.26, an increase of 25.5% from ¥66,406,809.76 in 2024[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,935, with the top ten shareholders holding significant stakes[13] - Zhang Wenrong, the largest shareholder, holds 85,199,100 shares, representing 16.67% of total shares, with 27,020,000 shares pledged[13]

Financial Performance - The company's operating revenue for the third quarter reached ¥277,332,847, representing a 90.93% increase year-over-year[4] - The net profit attributable to shareholders was a loss of ¥21,282,243.72, a decrease of 77.75% compared to the same period last year[4] - Basic earnings per share were reported at -¥0.0501, a decline of 71.58% compared to the previous year[5] - Total operating revenue for the current period reached ¥601,432,224.81, an increase of 23.0% compared to ¥488,781,109.11 in the previous period[19] - Net profit for the current period was a loss of ¥64,349,193.79, compared to a loss of ¥22,818,654.01 in the previous period, representing a deterioration of 182.3%[20] - The company’s basic and diluted earnings per share were both -0.1397, compared to -0.0471 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥240,875,149.66, down 82.20% year-over-year[5] - Operating cash flow for the current period was negative at ¥240,875,149.66, worsening from a negative cash flow of ¥132,206,001.93 in the previous period[21] - Cash and cash equivalents decreased from CNY 914,086,535.19 to CNY 582,074,787.29, a reduction of about 36.3%[16] - Cash and cash equivalents at the end of the period decreased to ¥473,193,735.97 from ¥613,886,713.72 at the end of the previous period[22] - The company generated cash inflows from operating activities totaling ¥836,468,449.85, an increase from ¥707,847,401.51 in the previous period[22] - The company’s total cash outflows from investing activities amounted to ¥1,033,082,497.07, compared to ¥549,602,018.77 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,087,426,248.85, a slight decrease of 0.11% from the end of the previous year[5] - The company's total assets decreased from CNY 3,090,886,850.65 to CNY 3,087,426,248.85, a decline of approximately 0.1%[16] - Current liabilities increased from CNY 1,232,491,028.31 to CNY 1,276,056,110.50, an increase of about 3.5%[17] - Total liabilities rose from CNY 1,244,238,426.16 to CNY 1,289,142,840.24, reflecting an increase of approximately 3.6%[17] - The company's equity attributable to shareholders decreased from CNY 1,716,521,912.09 to CNY 1,676,166,086.49, a decline of about 2.3%[18] Research and Development - The company increased its R&D expenditure by 1491.96% compared to the previous year, indicating a significant focus on innovation[9] - The company reported a significant increase in research and development expenses, totaling ¥30,763,785.70, compared to ¥29,946,361.40 in the previous period[19] Other Financial Metrics - The company experienced a 683.32% increase in trading financial assets, attributed to the purchase of structured deposits[9] - Contract liabilities increased by 96.73% compared to the previous year, reflecting prepayments for projects that have not yet been settled[9] - The company reported a 245.88% increase in cash flow from financing activities, mainly due to the receipt of funds from employee stock incentives[10] - The company recorded an investment loss of ¥486,694.47, contrasting with a gain of ¥6,227.90 in the previous period[20] - The company’s short-term borrowings increased from CNY 168,876,041.07 to CNY 214,327,189.00, an increase of approximately 27%[17] - The long-term equity investment increased from CNY 6,177,029.32 to CNY 7,819,857.38, an increase of about 26.5%[16] Expenses - The company’s management expenses rose by 44.98% year-over-year, primarily due to the amortization of restricted stock incentive expenses[10] - Total operating costs increased to ¥647,447,859.16, up 30.0% from ¥498,348,031.37 in the previous period[19] - Inventory increased significantly from CNY 340,115,320.88 to CNY 450,504,526.67, an increase of around 32.5%[16] - Accounts receivable slightly decreased from CNY 981,793,212.83 to CNY 979,334,964.03, a change of approximately 0.2%[16] - The company reported a significant increase in other receivables from CNY 84,071,815.13 to CNY 89,956,320.40, an increase of approximately 7.1%[16]

Financial Performance - The company's revenue for Q3 2025 reached ¥777,412,257.76, representing a year-over-year increase of 24.16%[5] - Net profit attributable to shareholders was ¥29,835,966.53, a significant increase of 164.28% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥29,935,878.23, up 183.45% year-over-year[5] - The basic earnings per share for Q3 2025 was ¥0.08, an increase of 166.67% year-over-year[5] - Total operating revenue for the third quarter of 2025 was CNY 2,171,952,493.09, an increase of 3.9% compared to CNY 2,106,099,336.48 in the same period last year[18] - Net profit for the period was CNY 32,183,585.43, a significant decrease of 73.3% from CNY 120,734,832.60 in the previous year[19] - The company's operating profit decreased to CNY 62,710,648.39, down 56.7% from CNY 145,046,960.34 year-over-year[19] - Basic earnings per share for the period were CNY 0.13, down from CNY 0.27 in the previous year[19] Assets and Liabilities - The total assets as of September 30, 2025, amounted to ¥4,902,132,420.40, reflecting a 1.76% increase from the end of the previous year[5] - The total assets of the company reached CNY 4,902,132,420.40, up from CNY 4,817,341,260.34, indicating a growth of 1.8%[16] - Total liabilities increased to CNY 2,911,981,860.16 from CNY 2,785,238,839.76, reflecting a rise of 4.5%[16] - The company's equity attributable to shareholders decreased to CNY 1,426,093,268.76 from CNY 1,448,376,407.80, a decline of 1.5%[16] - The company's total liabilities decreased by 53.72% in accounts payable, amounting to ¥70,000,000.00[9] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥82,501,386.35, a decrease of 171.52% compared to the same period last year[5] - Operating cash flow for the current period is -82,501,386.35 CNY, a decrease from 115,360,785.18 CNY in the previous period[21] - Total cash inflow from operating activities is 1,315,518,780.88 CNY, compared to 1,262,266,806.95 CNY last year, reflecting a growth of approximately 4.0%[21] - Cash outflow from operating activities increased to 1,398,020,167.23 CNY from 1,146,906,021.77 CNY, representing a rise of about 22.0%[21] - Cash inflow from financing activities totaled 989,519,969.36 CNY, a decrease from 1,278,913,800.00 CNY year-over-year[22] - Net cash flow from financing activities improved to 63,379,679.80 CNY from -413,333,476.14 CNY, indicating a significant recovery[22] Expenses - The company reported a 39.11% increase in selling expenses, totaling ¥25,007,768.62, primarily due to increased sales activities[9] - Research and development expenses increased to CNY 75,227,257.57, compared to CNY 68,644,655.48, marking an increase of 9.3%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,214, with no preferred shareholders having restored voting rights[11] - The largest shareholder, Shandong Jindu State Capital Investment Group, holds 29.91% of shares, totaling 116,062,100 shares[11] - The company plans to complete the repurchase and cancellation of 20,556,708 shares for performance compensation by July 11, 2025, reducing total share capital from 408,542,039 shares to 387,985,331 shares[12] Other Financial Metrics - The weighted average return on equity was 2.00%, an increase of 1.26 percentage points compared to the same period last year[5] - The investment income for the year-to-date period showed a significant decline of 109.75%, resulting in a loss of ¥7,889,147.21[9] - Cash and cash equivalents decreased by 36.44% to ¥434,281,442.46 from ¥536,921,518.45 at the beginning of the period[14] - Accounts receivable increased to ¥816,120,268.01 from ¥723,020,015.55, reflecting a growth of approximately 12.87%[14] - Inventory rose to ¥787,537,116.94 from ¥678,710,816.74, indicating an increase of about 16.01%[14] - Other receivables increased to ¥3,554,103.97 from ¥2,958,866.35, marking an increase of approximately 20.09%[14] - The company received a safety production license for the "Hexi Mining Area Resource Integration and Development Project (Phase I)" with an annual production capacity of 300,000 tons[12]