Financial Performance - The company's operating revenue for the third quarter was ¥1,275,139,841.76, a decrease of 22.68% compared to the same period last year[2] - The total profit for the quarter was -¥36,085,529.22, representing a decline of 114.69% year-over-year[7] - The net profit attributable to shareholders was -¥22,938,263.73, down 110.12% from the previous year[8] - The cash flow from operating activities showed a net outflow of -¥220,816,348.78, a decrease of 288.09% compared to the same period last year[8] - The company reported a basic earnings per share of -¥0.08, a decline of 110.00% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥37,492,210.69, down 119.23% year-over-year[8] - For the period ending September 30, 2025, the company achieved revenue of RMB 3.292 billion, a year-on-year decrease of 5.98%, and a net profit attributable to shareholders of RMB 71.3 million, down 78.50% year-on-year[12] - Total operating revenue for the first three quarters of 2025 was CNY 3,292,008,100.51, a decrease of 6.0% compared to CNY 3,501,418,831.79 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 70,892,558.21, a significant decline of 80.6% from CNY 365,692,011.23 in the previous year[19] - Basic earnings per share for the period was CNY 0.25, down from CNY 1.19 in the same period last year[20] Assets and Liabilities - Total assets increased to ¥12,578,583,281.09, reflecting a growth of 34.42% compared to the end of the previous year[3] - The company's total assets amounted to RMB 12.579 billion, compared to RMB 9.357 billion at the end of 2024, reflecting a significant increase[14] - Total liabilities increased to CNY 8,534,650,416.80, compared to CNY 5,823,175,777.52 in the previous year, reflecting a growth of 46.5%[16] - Non-current liabilities rose to CNY 3,078,460,491.73, up from CNY 1,007,667,350.26, marking an increase of 66.5% year-over-year[16] - The company's total equity increased to CNY 4,043,932,864.29, compared to CNY 3,534,256,787.64 in the previous year, representing a growth of 14.4%[16] Research and Development - Research and development expenses totaled ¥104,083,760.68, accounting for 8.16% of operating revenue, an increase of 2.36 percentage points year-over-year[3] - Research and development expenses for the first three quarters of 2025 were CNY 264,503,698.70, an increase of 5.7% from CNY 251,842,036.41 in the same period of 2024[18] Cash Flow and Investments - The company's cash and cash equivalents stood at RMB 875.24 million, down from RMB 1.179 billion at the end of 2024[13] - The company's inventory increased to RMB 3.126 billion from RMB 2.972 billion year-on-year, indicating a rise in stock levels[14] - The company's fixed assets rose to RMB 2.088 billion, up from RMB 1.426 billion at the end of 2024, reflecting ongoing investments in infrastructure[14] - Cash inflow from operating activities for the first three quarters of 2025 was $2,262,728,990.30, a decrease of 15.5% compared to $2,679,085,043.42 in the same period of 2024[22] - Cash inflow from investment activities significantly increased to $3,242,263,666.75 in 2025, compared to $716,907,411.42 in 2024, marking a rise of 352.5%[23] - Cash inflow from financing activities rose to $2,333,523,556.82 in 2025, up from $1,154,846,830.14 in 2024, an increase of 102.5%[24] Shareholder Information - The company has a total of 16,108 common shareholders at the end of the reporting period[10] - The top shareholder, Wind Sail Holdings Limited, holds 50,789,260 shares, representing 17.34% of the total shares[11] Profitability Challenges - The company attributed the decline in profits to intensified market competition, increased fixed asset depreciation, and rising financial costs due to investments and loans[7] - The company reported a significant increase in financial expenses due to investments and bank loans, impacting overall profitability[12] - Financial expenses surged to CNY 58,303,851.81, compared to CNY 22,486,088.15 in the previous year, indicating a rise of 159.5%[18] - The company reported a loss in investment income of CNY 12,895,150.62, compared to a loss of CNY 3,107,729.52 in the previous year[19]

Financial Performance - The company achieved operating revenue of CNY 526.61 million in Q3 2025, an increase of 11.94% compared to the same period last year[5] - The total profit for the period was CNY 11.12 million, a decrease of 87.95% year-on-year, while the net profit attributable to shareholders was CNY 18.32 million, down 79.37%[3] - The company reported a net profit of CNY 59.05 million for the year-to-date, a decrease of 73.73% compared to the previous year[3] - The total profit for the current reporting period decreased by 87.95% due to a decline in gross profit and an increase in period expenses and inventory impairment provisions[10] - The net profit attributable to shareholders of the listed company for the current reporting period decreased by 79.37%[10] - The net profit excluding non-recurring gains and losses for the current reporting period decreased by 86.28%[10] - The total profit from the beginning of the year to the reporting period decreased by 79.98% due to a decline in gross profit and an increase in period expenses and inventory impairment provisions[11] - The basic earnings per share for the current reporting period decreased by 80.00%[11] - The diluted earnings per share for the current reporting period decreased by 80.00%[11] - The total comprehensive income for the first three quarters of 2025 is CNY 59,049,216.37, significantly lower than CNY 224,750,378.34 in the same period of 2024[22] Research and Development - Research and development expenses totaled CNY 75.85 million in Q3 2025, representing 14.40% of operating revenue, an increase of 1.48 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 223,576,453.84, compared to CNY 172,068,999.45 in the same period of 2024, reflecting a year-over-year increase of approximately 29.9%[20] Assets and Liabilities - The company’s total assets increased by 1.65% to CNY 2.62 billion compared to the end of the previous year[4] - As of September 30, 2025, total assets amounted to CNY 2,620,956,716.75, an increase from CNY 2,578,517,753.94 as of December 31, 2024[19] - The total liabilities as of September 30, 2025, were CNY 348,313,262.80, a decrease from CNY 361,044,016.68 at the end of 2024[18] - The company's equity attributable to shareholders increased to CNY 2,272,643,453.95 as of September 30, 2025, compared to CNY 2,217,473,737.26 at the end of 2024[19] Cash Flow - The company’s cash flow from operating activities for the year-to-date was CNY 55.95 million[3] - Cash flow from operating activities for the first three quarters of 2025 is CNY 55,952,850.98, recovering from a negative cash flow of CNY -11,948,335.32 in the same period of 2024[25] - The company incurred a net cash outflow from investing activities of CNY -218,162,699.70 in the first three quarters of 2025, compared to CNY -83,140,202.32 in 2024[25] - The company's cash and cash equivalents decreased to CNY 797,941,436.99 as of September 30, 2025, down from CNY 995,019,360.58 at the end of 2024[16] - The cash and cash equivalents at the end of the period for 2025 is CNY 797,941,436.99, down from CNY 1,076,873,629.10 in 2024[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,939[13] - The largest shareholder, Wang Nan, holds 27,741,981 shares, accounting for 18.74% of the total shares[13] - The second largest shareholder, Shanghai Zhixi Enterprise Management Consulting Partnership, holds 27,193,352 shares, accounting for 18.37% of the total shares[13] Acquisition Plans - The company plans to acquire a controlling stake in Zhuhai Noah Changtian Storage Technology Co., Ltd., which is expected to indirectly control SkyHigh Memory Limited after the transaction is completed[15] - The company has not yet completed the due diligence and audit assessment for the acquisition, indicating potential risks associated with the transaction[15] Profitability Metrics - The gross profit margin decreased by 4.51 percentage points in Q3 2025, leading to a total gross profit reduction of CNY 5.40 million[5] - The weighted average return on net assets was 0.81%, down 80.62% year-on-year[3] - The weighted average return on net assets for the current reporting period decreased by 80.62%[11] - Operating profit for the first three quarters of 2025 is CNY 47,712,798.88, down from CNY 237,189,701.75 in 2024, indicating a significant decline[22] - The company reported a net investment income of CNY 9,432,703.04 for the first three quarters of 2025, compared to CNY 90,000.00 in the same period of 2024[20] Inventory and Impairment - Inventory impairment losses increased by CNY 44.76 million due to high inventory levels and decreased turnover rates[5] - The company reported a decrease in credit impairment losses to CNY -2,277,368.38 in 2025 from CNY -3,559,984.37 in 2024[22]

上海复旦张江生物医药股份有限公司2025 年第三季度报告 公司 A 股代码：688505 证券简称：复旦张江 公司 H 股代码：01349 证券简称：复旦张江 上海复旦张江生物医药股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人赵大君、主管会计工作负责人薛燕及会计机构负责人（会计主管人员）章雯保证季度 报告中财务信息的真实、准确、完整。 （二） 非经常性损益项目和金额 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变 ...

Financial Performance - In Q3 2025, the company achieved revenue of RMB 1.42 billion, a year-on-year increase of 57.22%[5] - The net profit attributable to shareholders reached RMB 473.21 million, up 22.94% year-on-year, while the net profit excluding share-based payment expenses was RMB 811 million, reflecting a 105.78% increase[7][8] - For the first three quarters of 2025, total revenue was RMB 4.06 billion, a 57.83% increase compared to the same period last year, and net profit attributable to shareholders was RMB 1.63 billion, up 66.89%[12] - Total revenue for the first three quarters of 2025 reached ¥4,057,688,490.81, a significant increase of 58.0% compared to ¥2,570,870,287.06 in the same period of 2024[28] - Operating profit for the first three quarters of 2025 was ¥1,693,766,552.21, up 62.6% from ¥1,041,797,863.09 in 2024[28] - Net profit attributable to shareholders for the first three quarters of 2025 was ¥1,632,283,985.93, compared to ¥978,077,107.79 in 2024, reflecting a growth of 66.9%[29] Product Development - The company launched several new products in Q3 2025, including the CXL® MXC chip and a series of clock chips, aimed at enhancing data center performance and providing reliable clock signals for various applications[10][11] - As of October 27, 2025, the company has over RMB 140 million in orders for DDR5 second-generation MRCD/MDB chips expected to be delivered in the next six months[13] - The company has plans for market expansion and new product development to sustain growth momentum in the upcoming quarters[30] Research and Development - Research and development expenses totaled RMB 176.09 million in Q3 2025, accounting for 12.36% of revenue, a decrease of 8.12 percentage points year-on-year[6] - The R&D expenditure as a percentage of revenue decreased by 8.34 percentage points, attributed to the significant growth in revenue[18] - Research and development expenses for the first three quarters of 2025 were ¥533,160,918.77, slightly down from ¥552,281,595.88 in 2024[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,901[20] - The largest shareholder, Hong Kong Central Clearing Limited, holds 12.66% of the shares, totaling 144,982,812 shares[20] Cash Flow and Assets - The total assets of the company reached RMB 13.75 billion, a 12.54% increase compared to the end of the previous year[6] - The company's total assets increased to ¥13,751,628,992.45 in 2025 from ¥12,218,911,386.38 in 2024, marking a growth of 12.6%[25] - The total equity attributable to shareholders increased to ¥12,259,642,629.50 in 2025 from ¥11,403,438,067.08 in 2024, representing a growth of 7.5%[25] - Cash flow from operating activities for the first three quarters of 2025 showed a positive trend, reflecting the company's strong operational performance[30] - The cash inflow from operating activities in 2025 was ¥4,212,427,369.54, a significant increase of 46.7% compared to ¥2,869,644,994.30 in the same period of 2024[31] - The net cash flow from operating activities for the first three quarters of 2025 was ¥1,600,671,441.66, up from ¥1,260,711,853.37 in 2024, reflecting a growth of 27%[31] - The total cash and cash equivalents at the end of Q3 2025 amounted to ¥8,771,933,900.78, an increase from ¥6,140,159,908.59 in Q3 2024, representing a growth of 42.5%[32] Liabilities and Financial Health - The total liabilities rose to ¥1,494,538,352.76 in 2025, up from ¥822,405,821.47 in 2024, indicating a growth of 81.9%[25] - The cash outflow from financing activities in the first three quarters of 2025 was ¥673,916,754.09, a decrease of 11.9% from ¥764,742,250.27 in 2024[32] - The cash outflow for purchasing goods and services in 2025 was ¥1,878,367,807.46, which is an increase of 92.5% compared to ¥974,880,788.68 in 2024[31] Profitability Metrics - The weighted average return on equity was 3.88%, an increase of 0.15 percentage points compared to the previous year[5] - Basic earnings per share increased by 65.52% as a result of substantial net profit growth[17] - The net profit from recurring operations rose by 67.93%, reflecting a 66.91% increase in overall gross profit compared to the previous year[17] - The weighted average return on equity increased by 4.14 percentage points year-to-date[18]

Financial Performance - The company's operating revenue for the third quarter was ¥2,025,780,531.14, a decrease of 12.01% compared to the same period last year[5]. - The total profit for the third quarter was ¥125,946,110.88, down 67.54% year-on-year[5]. - The net profit attributable to shareholders was ¥123,711,011.12, reflecting a decline of 57.57% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥53,941,233.36, a significant drop of 80.04% year-on-year[6]. - The basic earnings per share for the third quarter was ¥0.08, down 60.00% from the same period last year[6]. - Total operating revenue for the first three quarters of 2025 was ¥7,776,388,488.14, a decrease of 6.57% compared to ¥8,324,634,931.61 in the same period of 2024[25]. - Operating profit for the first three quarters of 2025 was ¥810,228,643.18, down 37.19% from ¥1,291,155,148.53 in the previous year[25]. - The net profit for the first three quarters of 2025 is CNY 710,084,130.35, a decrease of 37.2% compared to CNY 1,132,427,021.49 in the same period of 2024[26]. - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.39, down from CNY 0.69 in the previous year[27]. - The total comprehensive income for the first three quarters of 2025 is CNY 710,975,141.44, down from CNY 1,132,493,537.73 in the previous year[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,763,686,339.85, an increase of 4.74% compared to the end of the previous year[6]. - Total assets increased to ¥31,763,686,339.85 in 2025 from ¥30,324,946,996.08 in 2024, showing growth in the asset base[21]. - Total liabilities rose to ¥15,581,100,621.94 in 2025 from ¥14,435,104,832.31 in 2024, suggesting increased leverage[21]. - The company's total equity rose to ¥16,182,585,717.91 in 2025 from ¥15,889,842,163.77 in 2024, indicating a strengthening of the equity position[21]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥912,556,734.53, a decrease of 51.13% year-on-year[6]. - Cash flow from operating activities for the first three quarters of 2025 is negative CNY 912,556,734.53, compared to negative CNY 603,836,738.46 in the same period of 2024[28]. - Total cash inflow from operating activities is CNY 5,865,234,510.58, an increase of 6.4% from CNY 5,511,565,926.39 in the previous year[28]. - Cash outflow from operating activities is CNY 6,777,791,245.11, up from CNY 6,115,402,664.85 in the same period of 2024[28]. - Net cash flow from investing activities is negative CNY 468,467,022.08, compared to negative CNY 1,030,204,569.57 in the previous year[29]. - Cash flow from financing activities shows a net increase of CNY 285,720,353.25, compared to CNY 250,294,226.11 in the same period of 2024[29]. - The cash and cash equivalents at the end of the period amount to CNY 4,325,417,832.06, compared to CNY 4,169,721,356.03 at the end of the previous year[29]. Research and Development - The company reported an increase in R&D expenses by 9.43% year-to-date, attributed to the development of over 4,000 new products[10]. - Research and development expenses increased to ¥457,940,600.23 in 2025 from ¥418,484,423.68 in 2024, reflecting a focus on innovation[25]. - The company has a strong focus on research and development to maintain its competitive edge in the aviation sector[15]. Market Position and Strategy - The company has obtained supplier qualification from 46 clients, including major players like COMAC and Safran, enhancing its market position[15]. - The company is focusing on expanding its aviation forging technology and aims to achieve profitability by increasing its market share in the aviation and gas turbine sectors[15]. - The company’s subsidiary has completed sample deliveries for multiple microchannel liquid cooling projects, indicating progress in product development[17]. - The company is set to launch new products in the civilian heat exchanger market, which is expected to drive rapid growth[17]. - The company has established an "Aviation Forging Innovation Center" to enhance its technological capabilities and support the aviation industry's development[15]. Tax and Expenses - The company experienced a 50.35% increase in taxes and surcharges year-to-date, primarily due to rising property and land use taxes[10]. - Total operating costs for the first three quarters of 2025 were ¥6,877,024,793.88, slightly down from ¥6,909,322,429.18 in 2024, indicating a cost control strategy[25]. Other Information - The total number of ordinary shareholders at the end of the reporting period was 98,157[12]. - Long-term equity investments decreased from ¥711,719,398.80 to ¥581,693,422.02, indicating a potential shift in investment strategy[20]. - Deferred tax assets increased to ¥223,419,871.99 from ¥200,889,594.18, which may impact future tax liabilities positively[20]. - The company has not applied new accounting standards starting from 2025[30].

中化国际（控股）股份有限公司 2025 年第三季度报告 证券代码：600500 证券简称：中化国际 中化国际（控股）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、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 11,363,052,571.28 | -1 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 1,960,243,196.60, a decrease of 1.52% compared to the same period last year[4] - The total profit for the quarter was CNY 579,677,103.99, reflecting an increase of 4.88% year-on-year[4] - The net profit attributable to shareholders was CNY 462,557,572.59, up by 8.96% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 451,765,203.44, an increase of 8.80% year-on-year[4] - Total revenue for the first three quarters of 2025 was approximately ¥6.09 billion, a decrease of 17.3% compared to ¥7.36 billion in the same period of 2024[22] - Net profit for the first three quarters of 2025 reached approximately ¥1.36 billion, an increase of 15.5% compared to ¥1.18 billion in the same period of 2024[22] - The total comprehensive income for the period was CNY 1,396,856,712.17, an increase of 17.1% compared to CNY 1,192,657,020.72 in the previous year[24] - Basic and diluted earnings per share increased to CNY 0.4032 from CNY 0.3671, representing a growth of 9.0%[24] Assets and Equity - The total assets at the end of the reporting period were CNY 62,847,113,967.20, representing a 2.91% increase from the end of the previous year[5] - The equity attributable to shareholders reached CNY 20,006,219,439.97, which is an increase of 8.70% compared to the previous year[5] - Total assets amounted to approximately ¥62.85 billion as of September 30, 2025, up from ¥61.07 billion at the end of 2024[19] - The company's equity increased to approximately ¥21.13 billion as of September 30, 2025, compared to ¥19.50 billion at the end of 2024[20] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 2,557,793,484.41, a decrease of 5.62% compared to the previous year[5] - Cash inflows from operating activities totaled CNY 5,763,307,222.89, down 7.4% from CNY 6,221,632,507.44 in the same period last year[27] - Net cash flow from operating activities was CNY 2,557,793,484.41, a decrease of 5.6% compared to CNY 2,709,991,020.60[27] - Cash inflows from financing activities amounted to CNY 9,406,340,412.88, an increase of 48.3% compared to CNY 6,355,576,112.00[28] - The net cash flow from financing activities was -CNY 4,982,011.73, a significant decrease from CNY 384,876,939.77 in the previous year[28] - The ending cash and cash equivalents balance was CNY 3,998,271,746.33, up 47.2% from CNY 2,713,331,437.55[28] Investments and Projects - The total investment for the Chengle Expressway expansion project is estimated at RMB 251.5 billion, with a completed investment of approximately RMB 145.14 billion as of September 30, 2025[14] - The Tianqiong Expressway project has an estimated total investment of RMB 86.85 billion, with cumulative investment reaching approximately RMB 70.05 billion by September 30, 2025[15] - The G5 Jingkun Expressway Chengdu to Ya'an section expansion project has an estimated total investment of RMB 285.48 billion, with the project company established and registered capital of RMB 100 million[16] - The company has invested RMB 14.2434 billion in the Tianqiong Expressway project, which is responsible for its investment, construction, and operation[15] - The Chengle Expressway expansion project has a total length of 136.1 kilometers, aimed at alleviating traffic pressure[14] Shareholder Information - As of September 30, 2025, the total number of ordinary shareholders is 38,437, including 38,205 A-share shareholders and 232 H-share shareholders[12] - HKSCC NOMINEES LIMITED holds 889,334,570 H shares, representing multiple clients[12] - The company has not identified any related party relationships among the top shareholders as of the report date[12] Financial Management - The company reported a significant reduction in financial expenses, totaling approximately ¥428 million in the first three quarters of 2025, down from ¥629 million in the same period of 2024[23] - The company achieved an investment income of approximately ¥57 million in the first three quarters of 2025, compared to ¥38 million in the same period of 2024[23] Accounting Standards - The company will not apply new accounting standards starting from 2025[30]

Financial Performance - The company's operating revenue for the third quarter was ¥170,147,534.55, a decrease of 3.77% compared to the same period last year[5] - The total profit for the quarter was ¥6,734,605.27, down 52.04% year-on-year[5] - The net profit attributable to shareholders was ¥4,244,275.94, reflecting a decline of 62.09% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥3,909,698.39, a significant drop of 79.28% year-on-year[5] - The basic earnings per share for the quarter was ¥0.02, a decrease of 63.91% compared to the same period last year[6] - The company reported a significant increase in total profit for the year-to-date period, up 512.63% to ¥44,823,549.18[5] - Net profit for the first three quarters of 2025 was ¥39,215,428.75, a significant recovery from a net loss of ¥13,619,590.07 in the same period of 2024[24] - Earnings per share for the first three quarters of 2025 were ¥0.17, compared to a loss per share of ¥0.06 in 2024[24] Assets and Liabilities - The total assets at the end of the quarter were ¥1,106,523,156.46, a slight decrease of 0.86% from the end of the previous year[6] - The total assets as of September 30, 2025, amounted to approximately ¥1,106.52 million, a slight decrease from ¥1,116.07 million as of December 31, 2024, reflecting a decrease of about 0.5%[16] - Current assets totaled approximately ¥958.94 million, down from ¥962.02 million, indicating a decrease of about 0.3%[17] - The total liabilities decreased to ¥435,321,285.18 in 2025 from ¥474,676,992.75 in 2024, indicating a reduction of approximately 8.3%[19] Cash Flow - The net cash flow from operating activities was negative at -¥8,660,531.45, indicating a decline of 119.54% compared to the previous year[6] - Cash inflow from operating activities in the first three quarters of 2025 was ¥553,267,738.86, an increase from ¥513,318,365.56 in 2024[25] - The net cash flow from operating activities was -$8.66 million, a decrease from $44.31 million in the previous period[26] - Total cash outflow from operating activities amounted to $561.93 million, compared to $469.01 million previously[26] - The ending balance of cash and cash equivalents was $67.03 million, compared to $90.20 million at the end of the previous period[26] Business Strategy and Development - The company has expanded its business scope to include upstream resource industries, focusing on non-ferrous and precious metal investment, exploration, mining, and processing[14] - The company aims to become a diversified entity with dual main businesses in electric motor operations and upstream resources, enhancing profitability and sustainable operations[14] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[22] Shareholder Information - The top ten shareholders hold a combined 78.75% of the company's shares, with Beijing Gaodi Resource Development Co., Ltd. holding the largest share at 30%[12] - The company completed a board and supervisory board election on February 13, 2025, with a smooth transition of executive management[14] Financial Management - The financial expenses showed a decrease, with a net financial income of -¥1,306,394.31 in 2025 compared to -¥423,224.41 in 2024, indicating improved cost management[22] - Unallocated profits increased to ¥178,915,990.77 in 2025, up from ¥149,108,562.02 in 2024, marking a growth of 19.9%[19] Future Plans - The company plans to implement new accounting standards starting in 2025[27]

上海城投控股股份有限公司 2025 年第三季度报告 证券代码：600649 证券简称：城投控股 上海城投控股股份有限公司 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。 公司负责人张辰、主管会计工作负责人任志坚、财务总监吴春及会计机构负责人（会计主管人员） 伍捷保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 上年同期增减变动 | | --- | --- | --- | --- | --- | | | | 期增减变动幅度(%) | | | | | | | | 幅度(%) | | 营业收入 | 3,587,787,506.25 | 1,264.26 | 9,514 ...

Financial Performance - The company's operating revenue for the third quarter was ¥8,316,190,290.18, a decrease of 58.16% compared to the same period last year[4] - The total profit for the third quarter was -¥806,260,310.02, with a year-to-date total profit of -¥4,957,369,413.59[4] - The net profit attributable to shareholders for the third quarter was -¥784,383,224.91, and year-to-date it was -¥4,485,872,213.28[4] - The basic earnings per share for the third quarter was -¥0.17, and year-to-date it was -¥0.99[5] - The company reported a net loss of approximately ¥4.96 billion for the first three quarters of 2025, compared to a loss of ¥4.86 billion in the same period of 2024[20] - The net profit attributable to the parent company shareholders was -4,485,872,213.28 CNY, compared to -3,410,211,443.46 CNY in the same period last year, reflecting a significant increase in losses[21] - The total comprehensive income attributable to the parent company owners was -4,576,541,571.10 CNY, compared to -3,473,602,908.76 CNY in the previous year, indicating a worsening financial position[21] - The total comprehensive income for the period was -5,222,761,369.91 CNY, compared to -5,016,258,520.22 CNY in the same period last year, indicating a continued trend of losses[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥262,086,995,138.92, a decrease of 10.83% from the end of the previous year[5] - The total assets decreased to approximately ¥262.09 billion in 2025 from ¥293.91 billion in 2024, reflecting a decline of about 10.5%[18] - Total liabilities decreased to approximately ¥166.62 billion in 2025 from ¥190.43 billion in 2024, a reduction of about 12.5%[18] - The company's equity attributable to shareholders decreased to approximately ¥54.53 billion in 2025 from ¥59.04 billion in 2024, a decline of about 7.5%[18] Cash Flow - The net cash flow from operating activities year-to-date was -¥1,467,993,684.58, a decrease of 118.81%[4] - The net cash flow from operating activities was -1,467,993,684.58 CNY, a decline from 7,802,839,314.64 CNY in the same period last year, showing a substantial decrease in operational cash generation[23] - Cash inflows from operating activities totaled 22,567,155,037.81 CNY, down from 55,605,046,413.50 CNY year-over-year, indicating a significant drop in revenue generation[23] - The net cash flow from investing activities was 368,626,558.59 CNY, a decrease from 2,862,193,018.36 CNY in the previous year, suggesting reduced investment returns[24] - The net cash flow from financing activities was -7,373,110,208.49 CNY, compared to -18,209,147,285.41 CNY in the same period last year, indicating improved cash management in financing[24] - The ending cash and cash equivalents balance was 12,716,673,391.12 CNY, down from 21,093,198,381.18 CNY year-over-year, reflecting a decline in liquidity[24] Shareholder Information - The company had a total of 89,483 common shareholders at the end of the reporting period[10] - The largest shareholder, Fude Life Insurance Co., Ltd., held 21.69% of the shares, totaling 979,419,165 shares[10] Government Support - The company received government subsidies amounting to ¥7,106,931.88 during the reporting period, contributing to its financial performance[7] Construction and Rental Operations - In the first three quarters of 2025, the company completed a new construction area of approximately 417,462 square meters and a completion area of approximately 2,107,180 square meters, with a signed area of approximately 1,792,471 square meters and a signed amount of approximately 241.8 billion RMB[13] - The rental income for the first nine months of 2025 reached approximately 235.57 million RMB, with an overall rental rate of 81% across 37 rental properties[14] - The company has a total of 3,362,792 square meters of rental properties, with a total rental income of approximately 235.57 million RMB[14] Inventory and Current Assets - As of September 30, 2025, the company's total current assets amounted to approximately 174.37 billion RMB, a decrease from approximately 199.44 billion RMB at the end of 2024[16] - The company reported a total inventory of approximately 71.86 billion RMB, compared to approximately 83.78 billion RMB at the end of 2024[16] - The cash and cash equivalents on hand were approximately 14.34 billion RMB, down from approximately 22.73 billion RMB at the end of 2024[16] Regional Sales Performance - The company achieved a sales amount of approximately 648.26 million RMB in the Northern region, with a signed area of approximately 445,700 square meters[15] - The company’s total signed area in the Eastern region reached approximately 648,938 square meters, with a sales amount of approximately 920.77 million RMB[15] - The company’s total signed area in the Central and Western regions was approximately 509,365 square meters, with a sales amount of approximately 526.24 million RMB[15] Operating Costs and Expenses - Operating costs for the first three quarters of 2025 were approximately ¥20.86 billion, down 41.5% from ¥35.85 billion in 2024[20] - Financial expenses increased to approximately ¥1.74 billion in 2025 from ¥1.52 billion in 2024, with interest expenses rising to ¥1.83 billion[20] - The company’s research and development expenses were approximately ¥30.01 million in 2025, down from ¥41.90 million in 2024[20] - The company’s deferred tax assets were approximately ¥6.27 billion in 2025, slightly down from ¥6.31 billion in 2024[18]