英科医疗科技股份有限公司 2025 年第三季度报告 证券代码：300677 证券简称：英科医疗 公告编号：2025-148 英科医疗科技股份有限公司 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： （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 | 年初至报告期末 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 期增减 | 比上年同期增减 | | | 营业收入（元） | 2,511,275,781.81 | -2.90% | 7,424,714,825.22 | 4.60% | | 归属于上市公司股东的净利润 （元） | 213,970,729.66 | 113.04% | 924,410,713.59 | 34.47% | | 归属于上市公司股东的扣除非经 常性损益的净利润（元） | 84,280,208.92 | -25.87% | 484,481,437.92 | -19.32% | | ...

Revenue and Profitability - Q3 2025 revenue reached ¥495.72 million, a year-on-year increase of 1.63%[5] - Net profit attributable to shareholders was ¥29.32 million, down 32.61% compared to the same period last year[5] - Basic earnings per share decreased by 33.33% to ¥0.08[5] - Total operating revenue for the current period reached ¥1,467,907,409.47, an increase of 3.5% compared to ¥1,421,648,925.55 in the previous period[16] - Net profit for the current period was ¥147,293,190.20, representing a 35.6% increase from ¥108,613,109.37 in the previous period[17] - Earnings per share (EPS) increased to ¥0.42 from ¥0.31, marking a growth of 35.5%[17] - The company reported an increase in tax expenses to ¥18,762,584.81 from ¥4,273,768.30, indicating a significant rise due to improved profitability[17] - The company achieved investment income of ¥66,665,744.15, which is a substantial increase from ¥33,453,075.43 in the previous period, representing a growth of 99.0%[16] Assets and Liabilities - Total assets increased by 9.05% to ¥2.78 billion compared to the end of the previous year[5] - The company's total assets as of September 30, 2025, amount to CNY 2,784,590,711.63, an increase from CNY 2,553,537,177.41 at the beginning of the period[14] - Current assets total CNY 1,511,187,559.57, up from CNY 1,343,370,638.89 at the beginning of the period, reflecting a growth of approximately 12.5%[13] - The company's total liabilities are CNY 1,144,306,590.96, compared to CNY 1,025,242,730.61 at the beginning of the period, indicating an increase of about 11.6%[14] - The total equity attributable to the parent company is CNY 1,619,450,029.84, up from CNY 1,518,704,316.10 at the beginning of the period[15] Cash Flow - The cash flow from operating activities for the year-to-date was ¥85.10 million, an increase of 13.61%[5] - Cash flow from operating activities generated ¥85,095,994.42, compared to ¥74,900,935.28 in the previous period, indicating a rise of 13.3%[18] - Cash flow from investing activities resulted in a net outflow of ¥99,793,409.39, worsening from a net outflow of ¥16,209,560.24 in the previous period[18] - Cash flow from financing activities yielded a net inflow of ¥99,844,802.04, up from ¥52,575,283.09 in the previous period, showing an increase of 89.9%[19] - The total cash and cash equivalents at the end of the period stood at ¥622,840,257.58, compared to ¥609,219,127.32 at the end of the previous period, reflecting a growth of 2.0%[19] Investments and Fair Value - Investment income rose by 99.28% to ¥66.67 million due to the transfer of equity in a subsidiary[9] - The fair value change income increased by 216.35% to ¥9.17 million, attributed to net value changes in private equity funds[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,843[10] - The largest shareholder, You Aiguo, holds 28.34% of the shares, totaling 96,798,244 shares[10] Inventory and Borrowings - The company reported a decrease in short-term borrowings to CNY 362,101,031.18 from CNY 241,007,904.68, indicating a significant increase of approximately 50.4%[14] - The company's inventory decreased to CNY 227,388,296.91 from CNY 234,225,134.23, a decline of about 2.9%[13] - The long-term equity investments decreased slightly to CNY 419,364,892.78 from CNY 432,019,676.79[13] Other Information - The company reported a significant increase in prepayments for material procurement, up 260.94% to ¥50.61 million[9] - The company experienced a 91.55% increase in taxes and additional charges due to increased export tax exemptions[9] - The third quarter financial report of Shanghai Narl Industrial Co., Ltd. has not been audited[20] - The new accounting standards will be implemented starting from 2025[20] - The financial statement adjustments related to the first execution year will be applicable[20] - The board of directors announced the financial report on October 24, 2025[20]

Financial Performance - The company's operating revenue for the third quarter was ¥666,937,913.33, a decrease of 3.38% compared to the same period last year[4] - The total profit for the third quarter was -¥2,871,767.46, representing a decline of 109.33% year-on-year[4] - The net profit attributable to shareholders for the third quarter was ¥1,875,834.06, down 93.47% from the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,366,540.80, a decrease of 94.72% compared to the same period last year[4] - The basic earnings per share for the third quarter was ¥0.01, a decline of 94.74% year-on-year[5] - The diluted earnings per share for the third quarter was also ¥0.01, reflecting a 94.74% decrease compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was CNY 2,480,803,265.32, a decrease of 6.9% compared to CNY 2,665,734,815.31 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 49,583,853.41, a decline of 56.6% compared to CNY 114,473,087.02 in 2024[19] - Operating profit for the first three quarters of 2025 was CNY 52,493,670.15, down 59.2% from CNY 128,700,443.23 in 2024[19] - Total comprehensive income attributable to the parent company was CNY 45,842,339.75 for the first three quarters of 2025, compared to CNY 111,852,181.60 in the same period of 2024, reflecting a significant decrease[20] - Basic and diluted earnings per share were CNY 0.18 for the first three quarters of 2025, down from CNY 0.75 in the same period of 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,463,285,918.61, an increase of 2.30% compared to the end of the previous year[5] - The company's total assets increased to CNY 2,463,285,918.61 in 2025 from CNY 2,407,832,304.35 in 2024, reflecting a growth of 2.3%[16] - Total liabilities rose to CNY 908,144,232.94 in 2025, compared to CNY 874,158,554.63 in 2024, marking an increase of 3.1%[16] - Shareholders' equity totaled CNY 1,555,141,685.67 in 2025, up from CNY 1,533,673,749.72 in 2024, indicating a growth of 1.4%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥27,761,998.98, a decline of 165.22% compared to the previous year[4] - Net cash flow from operating activities was negative CNY 27,761,998.98 for the first three quarters of 2025, compared to positive CNY 42,564,596.87 in the same period of 2024[21] - Cash inflow from operating activities totaled CNY 2,744,129,374.32, an increase from CNY 2,477,350,499.04 in the previous year[21] - Cash outflow from operating activities increased to CNY 2,771,891,373.30, compared to CNY 2,434,785,902.17 in the same period of 2024[21] - Net cash flow from investing activities was negative CNY 37,332,591.60, an improvement from negative CNY 109,784,319.13 in the previous year[21] - Cash inflow from financing activities was CNY 257,000,000.00, down from CNY 320,000,000.00 in the same period of 2024[21] - Cash outflow from financing activities increased to CNY 253,843,581.13, compared to CNY 200,427,352.81 in the previous year[21] - The ending cash and cash equivalents balance was CNY 379,343,776.85, compared to CNY 164,263,440.77 at the end of the same period in 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,308[11] - The largest shareholder, Zhongyan Anhui Hong Sifang Co., Ltd., holds 172,900,000 shares, accounting for 66.50% of total shares[11] - The company has no significant changes in major shareholders or their participation in margin trading[12] Operational Status - There are no other significant reminders regarding the company's operational status during the reporting period[13] - The company will not apply new accounting standards starting from 2025[22] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 52,715,447.65, slightly higher than CNY 50,829,852.82 in 2024[18] Financial Expenses - Financial expenses decreased significantly to CNY 2,161,663.90 in 2025 from CNY 5,473,747.00 in 2024[19] - The company reported a decrease in interest expenses to CNY 3,397,847.06 in 2025 from CNY 7,523,749.90 in 2024[19]

Financial Performance - The company's revenue for Q3 2025 was ¥1,998,486,471.47, representing a year-on-year increase of 0.21% and a year-to-date increase of 6.50%[5] - Net profit attributable to shareholders for Q3 2025 was ¥39,017,923.47, a significant increase of 70.49% year-on-year, with a year-to-date increase of 22.46%[5] - Basic earnings per share for Q3 2025 were ¥0.012, up 69.01% year-on-year, while diluted earnings per share were ¥0.0118, an increase of 66.20%[5] - Total operating revenue for the current period reached ¥5,999,937,290.67, an increase of 6.5% compared to ¥5,633,823,867.21 in the previous period[23] - Net profit for the current period was ¥111,985,072.65, representing a 35.2% increase from ¥82,869,215.65 in the previous period[24] - The total comprehensive income for the current period was ¥115,181,963.57, up from ¥97,831,391.38, an increase of 17.5%[25] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥1,048,094,452.40, marking a substantial increase of 143.20%[5] - Operating cash inflow for the current period reached ¥6,038,920,399.53, an increase of 10.2% from ¥5,477,760,695.51 in the previous period[27] - Cash received from sales and services amounting to ¥5,886,517,496.76, up from ¥5,360,241,596.34, representing a growth of 9.8%[27] - Cash outflow from investing activities totaled ¥175,086,412.95, down from ¥375,906,379.83, indicating a reduction of 53.4%[28] - Net cash flow from financing activities was -¥846,538,768.45, worsening from -¥303,925,798.14, reflecting increased cash outflows[28] - The cash and cash equivalents at the end of the period amounted to ¥610,385,087.22, compared to ¥595,158,222.76 in the previous period, showing a slight increase of 2.1%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,039,780,795.13, a decrease of 7.39% compared to the end of the previous year[6] - The total liabilities at the end of the period were ¥6,352,644,097.61, up from ¥5,431,015,603.09, indicating a rise of 16.9%[21] - The total equity attributable to shareholders decreased to ¥5,511,317,168.70 from ¥5,576,105,014.27, a decline of 1.2%[21] - Current assets decreased to CNY 6,007,147,311.11 from CNY 6,906,710,478.37, reflecting a decline of about 13.0%[19] - The company's cash and cash equivalents dropped to CNY 870,710,831.98 from CNY 1,242,148,977.05, a decrease of approximately 30.0%[19] - Accounts receivable decreased to CNY 2,092,041,475.03 from CNY 2,658,340,178.07, representing a decline of about 21.3%[19] Operational Efficiency - The company reported a significant improvement in accounts receivable management, contributing to the increase in net cash flow from operating activities[11] - The company received government subsidies amounting to ¥5,910,971.84 during the reporting period, which positively impacted the financial results[8] - The company is benefiting from a VAT reduction policy, with an amount of ¥11,407,027.63 expected to be recognized in the coming years[10] - The company has strengthened its overseas operations management, effectively reducing losses from international business[11] Stock and Incentives - The company completed a name change to "Aotegjia New Energy Technology Group Co., Ltd." to enhance brand value and operational efficiency[15] - The company plans to grant a total of 14,838,600 restricted stock units to 67 incentive targets at a price of CNY 1.26 per share[17] - The first unlock period for the restricted stock incentive plan will allow 23,571,252 shares to be listed and traded starting October 23, 2025[18] Expenses - Research and development expenses increased to ¥231,793,034.03, compared to ¥168,388,668.65 in the previous period, marking a growth of 37.7%[24] - Payments to employees increased to ¥700,840,438.30 from ¥573,357,426.48, a rise of 22.2%[28]

Financial Performance - The company's operating revenue for Q3 2025 was ¥286,789,568.30, a decrease of 0.63% compared to the same period last year[4] - Total profit for the quarter reached ¥52,270,213.17, an increase of 54.46% year-over-year[4] - Net profit attributable to shareholders was ¥46,062,604.00, reflecting a 51.02% increase compared to the previous year[4] - The net profit after deducting non-recurring gains and losses for the quarter was ¥43,479,268.35, up 71.45% year-over-year[4] - Basic earnings per share for the quarter were ¥0.18, a 50.00% increase compared to the same period last year[5] - The weighted average return on equity for the quarter was 2.88%, an increase of 1.09 percentage points year-over-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥805,335,723.32, an increase of 10.7% compared to ¥726,920,978.54 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥168,359,785.42, up 84.8% from ¥91,280,015.65 in the previous year[20] - Net profit attributable to shareholders for the first three quarters of 2025 was ¥151,584,153.31, representing a significant increase of 78.0% from ¥85,079,003.45 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.58, compared to ¥0.33 in the same period of 2024[21] Cash Flow - Cash flow from operating activities for the quarter was ¥50,939,995.00, a significant increase of 192.06% compared to the same period last year[4] - Cash inflow from operating activities for the first three quarters of 2025 was ¥835,162,097.29, an increase from ¥686,046,835.93 in 2024[22] - Cash outflow from operating activities totaled ¥663,499,019.08 in the first three quarters of 2025, compared to ¥483,437,205.63 in the previous year[22] - Net cash flow from investing activities was -213,436,811.78, compared to -65,650,497.70 in the previous period[23] - Total cash inflow from financing activities was 226,000,000.00, up from 50,000,000.00 in the previous period[23] - Net cash flow from financing activities was 12,077,370.37, compared to -193,822,512.89 in the previous period[23] - Cash and cash equivalents at the end of the period totaled 60,731,355.58, compared to 43,032,650.19 in the previous period[23] - Cash outflow from investing activities amounted to 215,247,623.57, significantly higher than 67,372,919.12 in the previous period[23] - Cash inflow from investment activities was 1,810,811.79, compared to 1,722,421.42 in the previous period[23] - Cash paid for the acquisition of fixed assets and intangible assets was 138,282,812.57, compared to 65,372,919.12 in the previous period[23] - Cash received from other financing activities was 6,000,000.00, indicating new funding sources[23] - The impact of exchange rate changes on cash and cash equivalents was 620,870.77, compared to 4,163,927.03 in the previous period[23] Assets and Liabilities - Total assets at the end of the quarter amounted to ¥1,980,466,278.33, representing a 10.81% increase from the end of the previous year[5] - The equity attributable to shareholders increased to ¥1,647,222,737.72, a rise of 7.32% compared to the previous year[5] - Total current assets amounted to 677,228,581.33 RMB, an increase from 661,715,902.36 RMB in the previous period[14] - Accounts receivable increased to 229,606,152.77 RMB from 184,294,814.78 RMB, reflecting a growth of approximately 24.5%[13] - Inventory stood at 294,531,775.08 RMB, slightly up from 288,821,018.70 RMB[14] - Total non-current assets reached 1,303,237,697.00 RMB, compared to 1,125,484,380.62 RMB previously, indicating a growth of about 15.8%[14] - The total liabilities increased to ¥333,086,925.97 in 2025 from ¥252,159,517.10 in 2024, indicating a growth of 32.1%[18] - Total equity attributable to shareholders rose to ¥1,647,222,737.72 in 2025, up from ¥1,534,884,151.24 in 2024, reflecting an increase of 7.3%[18] Shareholder Information - Total common stockholders' equity at the end of the reporting period was 21,039 million RMB[11] - The largest shareholder, Ningbo Guanghongyuan Venture Capital Partnership, holds 51,553,800 shares, representing 19.71% of total shares, with 17,500,000 shares pledged[11] - The company has no significant changes in the top 10 shareholders or their participation in securities lending activities[13] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥35,128,495.56, slightly down from ¥37,132,299.96 in 2024[19] Financial Expenses - The company reported a decrease in financial expenses, with a net expense of ¥2,348,507.25 in 2025 compared to a net income of ¥701,801.05 in 2024[19] Company Strategy - The company is focused on expanding its market presence and developing new products and technologies[12] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥495,191,569.13, representing an increase of 18.45% compared to the same period last year[5]. - The total profit for the quarter was ¥51,595,861.95, reflecting a growth of 15.19% year-over-year[5]. - The net profit attributable to shareholders for the quarter was ¥49,380,200.61, which is an increase of 31.71% compared to the same period last year[5][10]. - The net profit after deducting non-recurring gains and losses for the quarter was ¥48,652,194.09, showing a significant increase of 48.09% year-over-year[5][11]. - Total operating revenue for the first three quarters of 2025 reached ¥1,305,721,573.84, an increase of 7.87% compared to ¥1,210,380,527.98 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was ¥203,441,428.76, up 30.54% from ¥155,821,797.25 in the first three quarters of 2024[21]. - Operating profit for the first three quarters of 2025 was ¥205,961,971.15, an increase of 11.83% compared to ¥184,577,828.73 in the same period of 2024[21]. - Basic earnings per share for the first three quarters of 2025 were ¥0.3675, compared to ¥0.3002 in the same period of 2024, reflecting a 22.33% increase[21]. Assets and Liabilities - The total assets at the end of the quarter were ¥4,925,990,696.29, down 4.08% from the end of the previous year[6]. - Total assets as of September 30, 2025, are ¥4,925,990,696.29, compared to ¥5,135,592,701.07 at the end of 2024[17]. - The company has a long-term equity investment of ¥361,864,220.47, an increase from ¥283,037,518.60[16]. - The company's total liabilities decreased to ¥1,246,766,030.64 from ¥1,641,530,301.03 year-over-year[18]. - Total current liabilities amount to ¥939,427,775.56, a decrease from ¥1,290,107,873.95[17]. - Non-current liabilities total ¥307,338,255.08, down from ¥351,422,427.08[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 45,692[13]. - Xinhua News Agency holds 344,083,662 shares, representing 51.00% of total shares[14]. - Xinhua Investment Holdings Co., Ltd. holds 35,164,916 shares, representing 5.21% of total shares, with 35,164,916 shares pledged[13]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥65,545,246.31, reflecting an increase due to improved sales collection[6][11]. - The net cash flow from operating activities for the first three quarters of 2025 was ¥65,545,246.31, a significant recovery from a net outflow of -¥44,584,294.24 in the same period of 2024[22]. - The company reported a net cash outflow from investing activities of -¥361,388,139.72, an improvement from -¥1,066,708,265.66 in the same period of 2024[22]. - The company experienced a net cash outflow from financing activities of -¥193,411,780.33, compared to -¥158,863,800.59 in the same period of 2024[23]. Other Information - The basic earnings per share for the quarter was ¥0.0707, a decrease of 2.08% compared to the same period last year[6]. - The company attributed the increase in net profit to optimized business structure and cost control measures[10]. - Non-recurring gains included government subsidies amounting to ¥11,723,286.05 for the quarter[8]. - Cash and cash equivalents are reported at ¥2,012,993,719.86, down from ¥2,356,196,892.18[16]. - Cash and cash equivalents at the end of the reporting period were ¥1,525,606,864.19, down from ¥1,793,197,084.92 at the end of the previous year[23]. - The company has no significant new product launches or market expansion strategies mentioned in the reports[15].

Financial Performance - In Q3 2025, the company reported operating revenue of CNY 1,113.53 million, a year-on-year increase of 9.33%[4] - The total profit for the period was CNY 329.19 million, reflecting a 9.64% increase compared to the same period last year[4] - The net profit attributable to shareholders was CNY 257.47 million, showing a slight increase of 0.14% year-on-year[4] - For the first nine months of 2025, the company achieved operating revenue of CNY 3,024.39 million, with a year-on-year decline of 1.14%[6] - The net profit attributable to shareholders for the first nine months was CNY 66.61 million, representing a year-on-year increase of 1.13%[6] - Total operating revenue for the first three quarters of 2025 was CNY 3,024,393,694.56, a decrease of 1.1% compared to CNY 3,059,250,552.55 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was CNY 700,006,975.00, slightly down from CNY 704,932,561.46 in the previous year[23] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 12,867.02 million, an increase of 27.27% compared to the end of the previous year[5] - As of September 30, 2025, the total assets of the company reached approximately RMB 12.87 billion, an increase from RMB 10.11 billion as of December 31, 2024, representing a growth of about 27.2%[16] - The company's current assets amounted to RMB 5.83 billion, compared to RMB 4.93 billion at the end of 2024, indicating a year-over-year increase of approximately 18.1%[17] - The total liabilities increased to CNY 3,567,309,654.85 from CNY 2,638,736,832.20, reflecting a significant rise in financial obligations[19] - The total non-current liabilities rose to CNY 1,750,907,159.38 from CNY 507,670,283.58, indicating increased long-term financial commitments[19] - The total equity increased to CNY 9,299,705,856.93, up from CNY 7,471,471,328.39 year-over-year[19] Cash Flow - The cash flow from operating activities showed a net inflow, primarily due to increased operational receipts and government subsidies[10] - Cash flow from operating activities for the first three quarters of 2025 was CNY 2,197,063,377.66, compared to CNY 2,072,484,068.69 in the same period of 2024[25] - Net cash flow from operating activities was $39,051,527.23, a significant improvement from a net outflow of $145,906,598.72 in the previous period[26] - Cash inflow from operating activities amounted to $2,492,409,808.47, an increase from $2,229,546,683.11 in the previous year[26] - Cash outflow for employee compensation was $809,391,693.52, compared to $745,747,534.29 in the prior year[26] Revenue by Business Segment - The company’s automotive technology service business generated revenue of CNY 2,749 million, a year-on-year increase of 5.62%[6] - The equipment manufacturing business reported revenue of CNY 275 million, a significant decline of 39.70% year-on-year due to strategic restructuring[6] Shareholder Information - The company has no significant changes in the shareholding structure among the top 10 shareholders, with the largest shareholder holding 53.31% of the shares[14] - The company reported no participation in margin financing or securities lending activities by the top shareholders[15] Research and Development - Research and development expenses increased to CNY 215,536,526.06, up 28.7% from CNY 167,456,478.14 in the same period last year[22] Other Information - The company has not disclosed any new product developments or market expansion strategies during the reporting period[15] - There are no significant reminders or additional important information regarding the company's operational performance during the reporting period[15]

Financial Performance - The company's operating revenue for the third quarter was ¥1,454,841,176.49, a decrease of 24.23% compared to the same period last year[3]. - Year-to-date operating revenue reached ¥4,129,339,628.68, an increase of 26.83% year-over-year, driven by significant growth in gold, copper, and cobalt business[3][8]. - The total profit for the third quarter was ¥156,026,780.50, with a year-to-date total profit of ¥313,251,137.62, reflecting a year-over-year increase of ¥498 million[3][8]. - The net profit attributable to shareholders for the third quarter was ¥92,585,306.46, with a year-to-date net profit of ¥234,052,570.29[3]. - The company achieved a revenue of RMB 4.129 billion for the reporting period, representing a year-on-year growth of 26.83%[12]. - The total profit for the period was RMB 313 million, with a net profit attributable to shareholders of RMB 234 million, marking a significant turnaround from losses in the previous year[12]. - The company’s total profit for the first three quarters of 2025 was ¥313,251,137.62, recovering from a loss of ¥185,100,396.24 in the same period of 2024[23]. - Net profit for the first three quarters of 2025 was ¥248,740,038.57, compared to a net loss of ¥186,704,983.23 in the same period of 2024[24]. - The company reported a comprehensive income total of ¥223,015,693.42, recovering from a loss of ¥190,678,623.88 in the previous year[24]. Production and Sales - The company reported a significant increase in gold production, with a total output of 963.76 kg, and sales of 773.38 kg, contributing to revenue growth[8]. - Gold production reached 963.76 kg, with sales of 773.38 kg, resulting in revenue of RMB 583 million, an increase of RMB 583 million year-on-year[12]. - The cobalt hydroxide business saw a sales volume of 1,236 tons, an increase of 986 tons year-over-year, resulting in revenue of ¥2.45 billion, a growth of 897.59%[8]. - The copper business generated revenue of RMB 1.178 billion, reflecting a year-on-year growth of 24.73%[13]. - The cobalt hydroxide business saw a remarkable revenue increase of 897.59%, totaling RMB 245 million due to market price rebounds[13]. Assets and Equity - The company's total assets increased to ¥7,672,661,924.98, up 5.87% from the end of the previous year[4]. - Shareholders' equity attributable to the company reached ¥6,347,198,564.18, a 4.46% increase from the previous year-end[4]. - Total assets at the end of the reporting period were RMB 7.673 billion, up 5.87% from the previous year[12]. - Shareholders' equity attributable to the company reached RMB 6.347 billion, an increase of 4.46% compared to the end of the previous year[12]. - The company's total assets reached CNY 7,672,661,924.98, compared to CNY 7,246,999,517.83 at the end of 2024, reflecting an increase of approximately 5.9%[19]. - The company's equity attributable to shareholders rose to CNY 6,347,198,564.18, compared to CNY 6,076,056,209.00, which is an increase of approximately 4.5%[20]. Cash Flow and Financing - As of September 30, 2025, the company had a total of CNY 1,147,099,481.92 in cash and cash equivalents, an increase from CNY 839,333,943.72 at the end of 2024, representing a growth of approximately 36.7%[18]. - The total current assets amounted to CNY 3,511,906,868.35, up from CNY 2,870,760,549.76, indicating a growth of about 22.3% year-over-year[18]. - Cash flow from operating activities generated a net amount of ¥498,254,237.85, a significant recovery from a negative cash flow of ¥467,793,346.62 in the previous year[27]. - Cash inflow from investment activities totaled ¥570,194,060.77, down from ¥1,158,075,129.84 in the same period of 2024[27]. - The net cash flow from investment activities was -$227.8 million, a significant decrease compared to $695.2 million in the previous period[28]. - Total cash inflow from financing activities was $1,015.2 million, up from $871.2 million year-over-year[28]. - The net cash flow from financing activities was -$63.7 million, an improvement from -$117.9 million in the prior year[28]. - The ending balance of cash and cash equivalents was $683.3 million, compared to $610.7 million at the end of the previous period[28]. - Cash outflow from investment activities totaled $798.0 million, an increase from $462.9 million year-over-year[28]. - Cash outflow from financing activities amounted to $1,078.9 million, up from $989.1 million in the previous year[28]. - The cash and cash equivalents net increase was $203.8 million, compared to $109.8 million in the previous period[28]. Strategic Plans and Compliance - The company plans to provide a guarantee for its wholly-owned subsidiary's product sales prepayment, with a maximum guarantee amount of USD 10 million[13]. - The company is in discussions regarding performance compensation related to the acquisition of Ningbo Tianhong Yihua Trading Co., Ltd., which involves issuing 220,265,693 shares and cash payments of RMB 400 million[14]. - The company approved a hedging business plan for 2025, with a maximum hedging position of 12,000 tons of copper and a maximum margin of RMB 200 million[14]. - The company plans to use up to CNY 720 million in self-owned funds for pledging deposits and large certificates of deposit to enhance capital efficiency and meet operational needs[16]. - The company conducted five related transactions involving pledged deposits, with amounts ranging from CNY 27.7 million to CNY 45 million, generating actual returns of up to CNY 720,000[16]. - The company aims to focus on core mining businesses, particularly in copper and gold, to enhance product sales scale and profitability[17]. - The company will continue to strengthen compliance operations and risk management while optimizing capital allocation across various business segments[17]. - The company has not exceeded the limits approved by the shareholders' meeting for hedging and financial asset pledges[15]. - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[29]. - The board of directors announced the financial results on October 24, 2025[30].

Revenue and Profit - Revenue for the third quarter was CNY 70,245,952.53, a decrease of 10.04% compared to the same period last year[4] - Total profit for the quarter reached CNY 31,658,641.53, an increase of 37.07% year-over-year[4] - Net profit attributable to shareholders was CNY 30,466,541.38, reflecting a 34.68% increase compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.1366, up 37.01% from the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 160,585,687.76, a decrease of 5.7% compared to CNY 169,800,140.56 in the same period of 2024[22] - Net profit for the first three quarters of 2025 reached CNY 33,327,612.91, an increase of 65.5% compared to CNY 20,089,950.88 in 2024[23] - Earnings per share for the first three quarters of 2025 were CNY 0.1460, compared to CNY 0.0883 in the same period of 2024, indicating improved profitability[24] Assets and Liabilities - Total assets decreased by 3.92% to CNY 1,456,901,651.91 compared to the end of the previous year[6] - Total assets as of the end of the reporting period were CNY 1,456,901,651.91, down from CNY 1,516,366,659.72 at the end of 2024[20] - Total liabilities decreased to CNY 377,501,137.64 from CNY 473,459,917.49, showing a reduction in financial leverage[20] - Non-current assets totaled CNY 682,879,672.81, a slight decrease from CNY 697,562,082.95 in the previous year[20] - The company’s total equity increased to CNY 1,079,400,514.27 from CNY 1,042,906,742.23, reflecting a strengthening of the balance sheet[20] Cash Flow - Cash flow from operating activities was CNY 38,437,780.05, down 30.92% year-over-year[4] - Cash inflow from operating activities for the first three quarters of 2025 was $226.54 million, a decrease of 3.5% compared to $235.70 million in the same period of 2024[27] - Net cash flow from operating activities for the first three quarters of 2025 was $39.72 million, down 32.0% from $58.42 million in the first three quarters of 2024[27] - Cash inflow from investment activities for the first three quarters of 2025 was $519.45 million, a decrease of 43.2% compared to $914.25 million in the same period of 2024[27] - Net cash flow from investment activities for the first three quarters of 2025 was $164.47 million, an increase of 50.1% compared to $109.58 million in the first three quarters of 2024[27] - Cash inflow from financing activities for the first three quarters of 2025 was $90.91 million, a decrease of 29.5% compared to $128.94 million in the same period of 2024[28] - Net cash flow from financing activities for the first three quarters of 2025 was -$81.73 million, slightly improved from -$89.09 million in the first three quarters of 2024[28] - The ending cash and cash equivalents balance for the first three quarters of 2025 was $624.99 million, an increase of 34.8% compared to $463.13 million at the end of the first three quarters of 2024[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 53,034[14] - The largest shareholder, Tibet Guofeng Cultural Development Co., Ltd., holds 28,787,748 shares, accounting for 12.68%[14] - The number of shares held by the top 10 shareholders remains stable, with no significant changes reported in the lending of shares[15] - Tibet International Tourism Cultural Investment Group, a major shareholder, plans to reduce its stake by up to 220,000 shares, or 0.97% of total shares[17] Operational Strategies - The company plans to leverage the resumption of Indian pilgrim travel to Tibet in 2025 to boost revenue from inbound tourism[16] - The company is enhancing its "smart platform + C-end direct connection" service system to improve operational performance amid declining travel agency channels[16] - The company is focusing on structural adjustments in the traditional travel agency model to adapt to market changes[16] Investment Income - The company reported a significant increase in investment income of 7,551% due to dividends from service offerings and gains from subsidiary disposals[11] - The company reported a significant increase in investment income of CNY 24,831,739.99 for the first three quarters of 2025, compared to CNY 324,544.39 in 2024[23] Accounts Receivable and Liabilities - The number of accounts receivable increased by 41%, indicating growth in tourism service activities[11] - Contract liabilities rose by 75%, reflecting an increase in pre-received payments for tourism services[11] - The company experienced a 400% increase in credit impairment losses, primarily due to the impact of subsidiary disposals[11] Current Assets - The company's cash and cash equivalents increased to ¥624,997,062.47 from ¥506,534,713.09, representing a growth of approximately 23.3%[18] - Accounts receivable rose to ¥22,216,300.82 from ¥15,751,763.07, indicating a growth of about 40.5%[18] - The total current assets decreased to ¥774,021,979.10 from ¥818,804,576.77, a decline of approximately 5.5%[18]

Financial Performance - The company's operating revenue for the third quarter was CNY 408,032,680.79, a decrease of 4.74% compared to the same period last year[5] - The total profit for the period was CNY 7,649,436.49, with a net profit attributable to shareholders of CNY 7,782,313.13[5] - The basic earnings per share for the third quarter was CNY 0.03, unchanged from the previous year[5] - The weighted average return on net assets for the third quarter was 1.62%[5] - Total operating revenue for the first three quarters of 2025 was CNY 1,148,904,282.87, a decrease of 5.6% compared to CNY 1,216,519,600.18 in the same period of 2024[19] - The net profit for the first three quarters of 2025 is CNY 31,120,444.80, a significant recovery from a net loss of CNY 22,793,347.16 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 reached CNY 31,987,059.94, compared to an operating loss of CNY 22,115,453.29 in the previous year[20] - Total comprehensive income for the first three quarters of 2025 is CNY 31,149,079.57, recovering from a total comprehensive loss of CNY 22,798,734.58 in the same period last year[20] - The company reported a basic and diluted earnings per share of CNY 0.1044, compared to a loss per share of CNY 0.0709 in the previous year[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 103,698,673.20, representing an increase of 12.51%[5] - Cash and cash equivalents as of September 30, 2025, were CNY 192,348,633.22, compared to CNY 209,129,227.05 at the end of 2024[15] - Cash flow from operating activities generated a net amount of CNY 103,698,673.20, an increase from CNY 92,170,982.92 in the first three quarters of 2024[23] - Cash and cash equivalents at the end of the period amounted to CNY 180,015,962.72, an increase from CNY 129,098,478.05 at the end of the same period in 2024[24] - Cash flow from investing activities generated a net inflow of CNY 24,346,687.81, a recovery from a net outflow of CNY 36,248,051.75 in the previous year[24] - Cash flow from financing activities resulted in a net outflow of CNY 139,384,008.66, slightly improved from a net outflow of CNY 149,069,414.30 in the same period last year[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,625,533,076.57, down 13.48% from the end of the previous year[6] - Total assets as of September 30, 2025, were CNY 1,625,533,076.57, compared to CNY 1,878,715,843.17 at the end of 2024[18] - Total liabilities decreased to CNY 1,071,381,461.89 from CNY 1,324,789,731.54, a reduction of 19.0%[17] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 6.02% to CNY 503,878,508.56 compared to the end of the previous year[6] - The equity attributable to shareholders of the parent company increased to CNY 503,878,508.56 from CNY 475,249,779.32, an increase of 6.0%[18] - The total number of ordinary shareholders at the end of the reporting period was 28,640[12] Expenses and Costs - Total operating costs for the first three quarters of 2025 were CNY 1,143,828,694.72, down 9.7% from CNY 1,266,488,620.96 in the previous year[19] - Research and development expenses decreased to CNY 69,520,167.37 in 2025 from CNY 103,479,155.65 in 2024, reflecting a reduction of 32.8%[19] - The company recorded a decrease in cash received from sales of goods and services, totaling CNY 1,030,931,224.81, down from CNY 1,138,297,661.72 in the previous year[23] Other Financial Metrics - Non-recurring gains and losses for the period amounted to CNY 677,820.80, with government subsidies contributing CNY 858,533.62[8] - The company reported an investment income of CNY 4,830,624.72 for the first three quarters of 2025[19] - The company’s total assets impairment loss was CNY 2,000,641.41, a significant change from a gain of CNY 6,566,970.64 in the same period last year[20] - The company reported an increase in optical and controller business revenue, leading to improved gross margins and reduced expenses[9]