Financial Performance - Total revenue for Q3 2025 was RMB 15,370 million, a decrease of 5.71% compared to RMB 16,215 million in the same period last year[5] - Net profit attributable to shareholders of the parent company for Q3 2025 was RMB 6,011 million, down 1.85% from RMB 6,039 million year-on-year[5] - The net profit margin for the year-to-date period increased slightly by 0.26% to RMB 21,064 million compared to RMB 20,618 million in the previous year[5] - Basic earnings per share for Q3 2025 was RMB 0.27, a decline of 6.90% compared to RMB 0.29 in the same period last year[5] - The weighted average return on equity for Q3 2025 was 8.36%, down 1.00 percentage points from 9.19% in the previous year[5] - For the first three quarters of 2025, the company reported operating income of CNY 515.88 billion, a year-on-year decrease of 1.08%, and a net profit attributable to shareholders of CNY 210.64 billion, an increase of 0.26%[26] - Net profit for the first three quarters of 2025 reached RMB 21,105 million, slightly up from RMB 21,060 million in 2024, indicating a marginal increase of 0.2%[47] - The bank's total operating income for the first three quarters of 2025 was RMB 51,588 million, a slight decrease from RMB 52,151 million in 2024, down by 1.1%[47] Asset and Liability Management - Total assets at the end of Q3 2025 reached RMB 4,892,227 million, reflecting a year-on-year increase of 15.95% from RMB 4,027,327 million[6] - Total liabilities amounted to RMB 4,505,082 million, a significant rise from RMB 3,863,202 million in 2024, marking an increase of 16.6%[46] - The total equity attributable to shareholders of the parent company increased to RMB 385,723 million, an 8.74% increase from RMB 353,733 million at the end of the previous year[6] - The total cash inflow from investment activities for the first three quarters of 2025 was RMB 1,287,458 million, up from RMB 546,926 million in 2024, marking an increase of 134.8%[50] Loan and Deposit Growth - The non-performing loan ratio improved to 1.29%, a decrease of 0.02 percentage points from 1.31% at the end of the previous year[8] - Company deposits grew by CNY 1,214 billion to CNY 18,255 billion, reflecting a 7.12% increase, while company loans (excluding discounts) rose by 11.98% to CNY 14,341 billion[36] - The bank's total financing for key sectors exceeded 670 billion RMB, covering over 4,400 clients[38] - The bank's green finance loan balance reached 265.46 billion RMB, growing by 26.20% year-on-year[39] Cash Flow Analysis - The net cash flow from operating activities for the year-to-date period was RMB 333,319 million, a significant increase of 354.99% compared to RMB 73,258 million in the previous year[5] - The net cash flow from financing activities for the first three quarters of 2025 was RMB 158,966 million, a significant rise from RMB 18,942 million in 2024, representing an increase of 738.5%[50] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2025 was RMB 594,836 million, compared to RMB 369,045 million at the end of the same period in 2024, an increase of 61.0%[50] Capital and Risk Management - The provision coverage ratio decreased to 195.79%, down 12.96 percentage points from 208.75% at the end of the previous year[8] - The core Tier 1 capital ratio is 8.44% as of September 30, 2025, down from 8.95% at the end of 2024[21] - The total risk-weighted assets amount to RMB 3,152,500 million as of September 30, 2025, compared to RMB 2,911,405 million at the end of 2024[21] - The liquidity coverage ratio is 160.87% as of September 30, 2025, indicating strong liquidity position[24] Customer and Market Development - Retail customer base surpassed 31 million, with personal loan balance reaching CNY 7,056.84 billion, a year-on-year growth of 1.99%[29] - The bank's total customer base reached 351,873, an increase of 51,333 customers or 17.08% compared to the beginning of the year[38] - The company actively participated in the "Four Seasons Green Forum" to enhance its brand image in the elderly finance sector, with 1.9 million personal pension accounts opened, 67.89% of which are in Beijing[31] Strategic Initiatives - The company aims to optimize its operational system and embrace technological changes to achieve high-quality development[25] - The company has established a strategic framework referred to as "123456" to guide its operations and development[25]

Financial Performance - The company's operating revenue for the third quarter reached ¥304,958,995.64, representing a year-on-year increase of 57.59%[3] - The total profit for the period was a loss of ¥87,938,464.35, while the net profit attributable to shareholders was a loss of ¥91,971,022.57[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥105,532,271.93 for the current period[3] - Total revenue for the first three quarters of 2025 reached ¥950,746,330.61, a significant increase of 97.3% compared to ¥482,973,313.02 in the same period of 2024[17] - The net loss for the first three quarters of 2025 was ¥291,035,242.08, an improvement from a net loss of ¥422,698,095.87 in the same period of 2024[18] - The company reported a decrease in comprehensive income, totaling -¥262,114,776.52 for the first three quarters of 2025, compared to -¥422,589,816.64 in 2024[19] Research and Development - Research and development expenses amounted to ¥94,006,092.40, accounting for 30.83% of operating revenue, a decrease of 10.91 percentage points compared to the previous year[4] - Research and development expenses for the first three quarters of 2025 amounted to ¥296,542,451.90, up from ¥261,807,259.03 in 2024, reflecting a 13.2% increase[17] Cash Flow and Liquidity - The net cash flow from operating activities was ¥155,206,972.42, indicating a significant increase due to large sales receipts during the period[3][8] - Cash generated from operating activities was ¥1,050,252,459.93 in the first three quarters of 2025, compared to ¥562,898,946.25 in 2024, indicating a 86.5% increase[21] - Net cash flow from operating activities improved to $194.74 million in 2025, compared to a negative cash flow of $448.06 million in 2024[22] - The ending cash and cash equivalents balance for 2025 was approximately $1.23 billion, compared to $637.55 million at the end of 2024, reflecting a net increase of $322.67 million[23] Assets and Liabilities - Total assets increased by 15.85% year-on-year, reaching ¥5,697,936,400.26[4] - The company's total assets reached ¥5,697,936,400.26 as of September 30, 2025, compared to ¥4,918,496,203.98 at the end of 2024[15] - The company's total liabilities increased to ¥1,802,370,993.79 as of September 30, 2025, compared to ¥972,542,538.57 at the end of 2024[14] - The total liabilities decreased to CNY 2.73 billion from CNY 2.83 billion, indicating a decline of about 3.5%[12] Shareholder Information - The company reported a total of 42,338 common shareholders at the end of the reporting period[10] - The basic and diluted earnings per share were both -¥0.26 for the current period[3] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.84, an improvement from -¥1.20 in the same period of 2024[19] Market and Strategic Focus - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the conference call[12]

Financial Performance - The company's operating revenue for the third quarter was ¥196,240,939.39, a decrease of 17.02% compared to the same period last year[4] - The total profit for the quarter was ¥780,021.89, down 95.82% year-on-year[4] - The net profit attributable to shareholders was ¥1,509,261.97, reflecting a decline of 92.67% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,130,306.22, a decrease of 123.13% year-on-year[4] - The basic earnings per share for the quarter was ¥0.001, down 94.25% from the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 644,424,537.51, a decrease of 11.3% compared to CNY 726,481,253.76 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 9,931,659.20, a significant decline of 83.2% compared to CNY 58,956,695.17 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,957,377,564.69, an increase of 1.35% compared to the end of the previous year[5] - The company's total liabilities as of September 30, 2025, amounted to CNY 486,308,450.43, an increase of 6.5% from CNY 456,891,635.47 at the end of 2024[18] - The company's total equity attributable to shareholders as of September 30, 2025, was CNY 2,471,069,114.26, a slight increase from CNY 2,461,137,455.06 at the end of 2024[18] - Total assets as of September 30, 2025, are ¥2,957,377,564.69, compared to ¥2,918,029,090.53 at the end of 2024[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 79,985[12] - The largest shareholder, China Electronics Technology Group Corporation, holds 303,590,748 shares, representing 25.64% of total shares[12] Research and Development - The company reported a significant increase in R&D expenses, which rose by ¥402 million compared to the previous year[9] - Research and development expenses for the first three quarters of 2025 were CNY 145,017,675.38, up from CNY 126,900,440.55 in 2024, indicating a growth of 14.2%[20] Cash Flow - The cash flow from operating activities increased by ¥177.21 million year-on-year, primarily due to changes in payment methods and increased cash receipts from sales[10] - Cash inflow from operating activities for the first three quarters of 2025 was $686.29 million, slightly down from $692.23 million in the same period of 2024, representing a decrease of 0.13%[23] - Net cash flow from operating activities for the first three quarters of 2025 was $33.06 million, a significant improvement compared to a net outflow of $144.16 million in the first three quarters of 2024[23] - Total cash outflow from operating activities in the first three quarters of 2025 was $653.23 million, down from $836.39 million in the same period of 2024, indicating a reduction of 22%[23] - Cash outflow for investing activities in the first three quarters of 2025 was $6.35 million, a substantial decrease from $43.97 million in the same period of 2024, reflecting a reduction of 85%[24] - Net cash flow from investing activities for the first three quarters of 2025 was -$6.35 million, compared to -$43.97 million in the same period of 2024, showing an improvement of 86%[24] - Cash outflow from financing activities in the first three quarters of 2025 was $4.47 million, significantly lower than $45.05 million in the same period of 2024, indicating a decrease of 90%[24] - The net increase in cash and cash equivalents for the first three quarters of 2025 was $22.36 million, contrasting with a net decrease of $233.04 million in the same period of 2024[24] - The ending balance of cash and cash equivalents as of the end of the first three quarters of 2025 was $845.76 million, up from $754.07 million at the end of the same period in 2024[24] Market Conditions - The company faced increased competition in the consumer electronics market, leading to a decline in sales and a significant drop in gross profit[10] - The company is facing intensified competition in the consumer electronics market, leading to a decline in revenue and net profit due to price reductions on certain products[14] - The company is actively seeking market expansion and high-quality development despite the challenges in the industry[14] Product Development - The company has successfully introduced its Beidou short message SoC chip to major domestic smartphone manufacturers[14] - The company has achieved mass production of its three-phase gate driver chip, securing bulk orders in the East China market[14] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year of first execution[25]

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。 合肥埃科光电科技股份有限公司 2025 年第三季度报告 证券代码：688610 证券简称：埃科光电 合肥埃科光电科技股份有限公司 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。 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 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 127,295,643.96 121.42 334,401,994.67 82.26 利润总额 22,142,975.57 不适用 59,141,391.90 292.35 归属于上市公司股东的 净利润 20,519,57 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥13.55 billion, a 101.09% increase compared to the same period last year[5] - The total profit for the third quarter was ¥548.45 million, reflecting a significant increase of 1,265.04% year-on-year[5] - The net profit attributable to shareholders was a loss of ¥69.61 million, a decrease of 199.39% compared to the previous year[5] - The company experienced a 63.61% increase in operating revenue for the year-to-date period compared to the previous year[9] - The company reported a significant decline in net profit attributable to shareholders for the year-to-date period, down 92.34% year-on-year[10] - Total operating revenue for the first three quarters of 2025 reached ¥51.75 billion, a significant increase from ¥31.63 billion in the same period of 2024, representing a growth of approximately 63.7%[29] - Total operating costs for the first three quarters of 2025 were ¥48.49 billion, compared to ¥29.21 billion in 2024, indicating an increase of about 66.1%[29] - The net profit for the first three quarters of 2025 showed a substantial increase, with investment income recorded at ¥40.62 million, down from ¥267.66 million in 2024[29] - The net profit for the current period is CNY 1,096,770,250.25, a decrease of 38.1% compared to CNY 1,773,951,479.51 in the previous period[30] - The total profit for the current period is CNY 1,811,331,002.59, down 30.8% from CNY 2,621,245,539.17 in the previous period[30] - The operating profit for the current period is CNY 1,785,568,414.29, a decline of 31.4% from CNY 2,600,859,282.01 in the previous period[30] - The basic and diluted earnings per share for the current period are both CNY 0.04, down from CNY 0.49 in the previous period[31] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥17.42 billion, an increase of 372.76% compared to the same period last year[10] - Cash flow from operating activities for the current period is CNY 17,415,946,807.16, significantly up from CNY 3,683,868,706.55 in the previous period[33] - The company reported a significant increase in cash received from operating activities, totaling CNY 41,853,873,313.10, compared to CNY 37,219,471,058.17 in the previous period[33] - Total cash inflow from operating activities was ¥9,108,362,272.16, compared to ¥5,680,569,179.80 in 2024, marking an increase of approximately 60.5%[42] - Cash outflow from operating activities decreased to ¥8,426,450,488.02 from ¥10,314,530,741.98, a reduction of about 18.3%[42] - The ending cash and cash equivalents balance is CNY 34,277,724,727.21, an increase from CNY 29,046,383,272.64 in the previous period[34] - Cash and cash equivalents as of September 30, 2025, amounted to ¥34.69 billion, up from ¥33.22 billion at the end of 2024, reflecting a growth of approximately 4.4%[25] - The ending cash and cash equivalents balance rose to ¥7,595,955,468.36, compared to ¥2,307,621,540.73 at the end of 2024[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥401.28 billion, a decrease of 4.54% from the end of the previous year[6] - The company's total assets decreased to ¥401.28 billion as of September 30, 2025, from ¥420.38 billion at the end of 2024, a decline of about 4.5%[27] - Current liabilities totaled ¥157.69 billion as of September 30, 2025, down from ¥175.07 billion at the end of 2024, indicating a reduction of approximately 9.9%[27] - Total liabilities as of September 30, 2025, were ¥158.02 billion, compared to ¥152.19 billion at the end of 2024, indicating an increase of 3.8%[38] - The company's total equity as of September 30, 2025, was ¥121.51 billion, down from ¥125.01 billion at the end of 2024, reflecting a decrease of about 2.8%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,566[12] - The largest shareholder, Zhuhai Huafa Group Co., Ltd., holds 724,967,983 shares, accounting for 26.34% of the total shares[12] - The top ten shareholders hold a total of 1,000,000,000 shares, representing a significant portion of the company's equity[13] - The company has no shareholders participating in margin trading or securities lending activities[13] Corporate Actions - The company has completed a share repurchase plan, buying back 58,741,300 shares, which is 2.13% of the total share capital, at an average price of 5.28 RMB per share[15] - The company issued 48 million convertible bonds with a total fundraising amount of 4.8 billion RMB, netting 4.72 billion RMB after expenses[17] - The company received 30.8 billion RMB as the first payment for the acquisition of seven commercial land parcels in Shenzhen[20] - The company plans to enhance its valuation through a specific plan approved in August 2025[21] - The company has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds[16] - The company is actively involved in the recovery of commercial land through government acquisition strategies[20] Inventory and Financial Expenses - The company's inventory as of September 30, 2025, was ¥225.85 billion, a decrease from ¥247.95 billion at the end of 2024, representing a decline of approximately 8.9%[25] - Financial expenses for the first three quarters of 2025 were approximately ¥912.05 million, a decrease from ¥1.73 billion in the same period of 2024[40] Investment Activities - Cash flow from investing activities shows a net outflow of CNY 10,771,251,329.40, compared to a net outflow of CNY 19,673,436,435.57 in the previous period[34] - Investment activities generated a net cash inflow of ¥482,244,782.29, compared to a net outflow of ¥1,462,178,007.94 in the previous year[43] - Total cash inflow from investment activities was ¥2,517,975,528.62, down from ¥4,801,954,418.56 in the previous year[43] - Cash received from investment income was ¥141,590,419.21, a decrease from ¥965,567,851.60 in 2024[43] Accounting Standards - The company did not apply new accounting standards for the year 2025[44]

Financial Performance - The company's operating revenue for the third quarter was approximately ¥1.76 billion, a decrease of 1.18% compared to the same period last year[6]. - Total profit for the third quarter was approximately ¥247.18 million, down 38.53% year-on-year[6]. - Net profit attributable to shareholders was approximately ¥192.91 million, reflecting a decline of 45.39% compared to the previous year[6]. - The basic earnings per share for the third quarter was ¥0.0841, a decrease of 50.90% year-on-year[6]. - Net profit for the first three quarters of 2025 was CNY 767,877,034.75, a decline of 22.9% from CNY 996,342,292.12 in 2024[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.3278, down from CNY 0.4756 in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥30.31 billion, a decrease of 1.40% from the end of the previous year[6]. - Total current assets as of September 30, 2025, amount to ¥20,810,040,619.56, a decrease from ¥21,031,093,811.59 as of December 31, 2024[17]. - The total liabilities as of September 30, 2025, were CNY 14,700,209,256.87, compared to CNY 15,382,251,584.31 as of December 31, 2024[19]. - The company's total current liabilities as of September 30, 2025, were CNY 11,651,185,364.49, compared to CNY 12,207,444,405.53 at the end of 2024[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately -¥1.09 billion, indicating a negative cash flow situation[6]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 6,773,333,929.87, a decrease of 8.8% compared to CNY 7,431,073,272.96 in the same period of 2024[24]. - The net cash outflow from operating activities was CNY -1,087,537,950.38, improving from CNY -1,384,730,137.52 in the first three quarters of 2024[25]. - The cash inflow from investment activities was CNY 193,415,156.64, down 74.2% from CNY 750,457,656.70 in the same period of 2024[25]. - The total cash and cash equivalents at the end of the period was CNY 6,079,680,222.20, slightly down from CNY 6,141,503,051.30 at the end of the same period in 2024[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,059[13]. - The largest shareholder, China Communications Construction Company, holds 1,110,869,947 shares, representing 48.41% of total shares[13]. - The equity attributable to shareholders increased by 1.57% to approximately ¥15.26 billion compared to the end of the previous year[6]. - The total equity attributable to shareholders of the parent company was CNY 15,260,061,621.67 as of September 30, 2025, an increase from CNY 15,024,654,959.11 at the end of 2024[19]. Operational Insights - The company experienced a significant decline in profitability due to a slowdown in revenue from certain projects while costs continued to rise[11]. - There are no significant reminders for investors regarding the company's operational situation during the reporting period[15]. - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[14].

Financial Performance - The company's operating revenue for the third quarter was ¥141,400,118.57, a decrease of 74.78% compared to the same period last year[5] - The total profit for the third quarter was a loss of ¥163,395,492.54, with a year-to-date total profit loss of ¥538,793,325.53[5] - The net profit attributable to shareholders for the third quarter was a loss of ¥109,945,536.85, with a year-to-date net profit loss of ¥373,760,414.88[5] - The basic and diluted earnings per share for the third quarter were both -¥0.23, with a year-to-date figure of -¥0.74[6] - Total operating revenue for the first three quarters of 2025 was CNY 554.81 million, a decrease of 50.8% compared to CNY 1,126.27 million in the same period of 2024[22] - Net profit for the first three quarters of 2025 was a loss of CNY 502.89 million, an improvement from a loss of CNY 1,148.50 million in the same period of 2024[23] - Total comprehensive income for the first three quarters of 2025 was a loss of CNY 505.50 million, compared to a loss of CNY 1,176.75 million in 2024[23] - The net profit for the first three quarters of 2025 was a loss of ¥87,979,616.62, compared to a net profit of ¥71,851,113.71 in the same period of 2024, indicating a decline in profitability[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥60,371,533,224.34, reflecting a slight increase of 0.17% from the previous year-end[6] - The company's current assets decreased to RMB 48.91 billion from RMB 54.54 billion year-over-year, primarily due to a reduction in cash and cash equivalents[17] - The company's total liabilities increased to RMB 55.02 billion from RMB 52.92 billion, representing a growth of approximately 4.2%[19] - Total assets decreased to $14,834,844,150.52 from $15,374,041,291.39 year-over-year[31] - Total liabilities increased to $9,126,918,530.99 from $8,113,515,185.09, indicating a rise in financial obligations[31] Shareholder Equity - The equity attributable to shareholders decreased by 28.64% to ¥4,580,694,798.87 compared to the previous year-end[6] - The equity attributable to shareholders decreased to RMB 4.58 billion from RMB 6.42 billion, a decline of about 28.3%[19] - Shareholders' equity decreased to $5,707,925,619.53 from $7,260,526,106.30, reflecting a decline in the company's net worth[31] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥259,093,511.76[5] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 259.09 million, a significant recovery from a negative cash flow of CNY 7,666.26 million in 2024[26] - The net cash flow from investment activities was $6,528,293.06, a significant improvement from a negative cash flow of $216,762,779.74 in the previous period[27] - The net cash flow from financing activities was negative at -$1,547,484,109.06, worsening from -$353,419,345.70 in the previous period[27] Operational Insights - The decline in operating revenue was primarily due to a decrease in the scale of real estate project deliveries[11] - The company plans to release its Q3 2025 operational data on October 16, 2025, which will provide further insights into its performance[16] - The company reported a decrease in sales revenue from CNY 3,144.73 million in 2024 to CNY 1,994.08 million in 2025, reflecting a decline of 36.5%[26] Other Financial Metrics - Non-recurring gains and losses for the year-to-date period totaled ¥5,475,597.00, with significant contributions from government subsidies and investment income[10] - The company incurred financial expenses of CNY 283.43 million in 2025, an increase of 32.5% from CNY 214.05 million in 2024[22] - The company reported a decrease in tax expenses from CNY 180.99 million in 2024 to a tax benefit of CNY 35.90 million in 2025[23] - The company incurred financial expenses of ¥27,980,595.32 in the first three quarters of 2025, compared to a financial income of ¥59,297,142.29 in the same period of 2024, indicating a significant shift in financial performance[33]

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]

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]