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]

Financial Performance - The company's operating revenue for the third quarter was CNY 21,937,063.69, representing a year-on-year increase of 16.14%[4] - The total profit for the quarter was CNY 4,136,643.30, showing a decrease of 18.20% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 2,896,560.66, down 22.43% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,687,554.17, a decrease of 16.24% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.0077, a decrease of 23.00% year-on-year[5] - The diluted earnings per share for the quarter was also CNY 0.0077, reflecting a decrease of 23.00% compared to the same period last year[5] - The company reported a significant increase in total profit year-to-date of 33.72% and net profit attributable to shareholders of 49.11% due to the recovery of previously recognized bad debts[8] - Total operating revenue for the first three quarters of 2025 reached ¥61,764,970.68, an increase of 5.7% compared to ¥58,667,767.06 in the same period of 2024[15] - Total operating costs increased to ¥48,636,623.12, up 10% from ¥44,248,408.93 year-over-year[15] - Net profit for the first three quarters of 2025 was ¥17,210,210.51, representing a 48.5% increase from ¥11,542,174.87 in 2024[16] - The total profit for the first three quarters of 2025 was ¥20,914,850.00, an increase from ¥15,640,285.21 in the same period of 2024[16] Assets and Liabilities - The total assets at the end of the reporting period were CNY 390,677,629.22, an increase of 17.41% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 390,677,629.22, an increase from CNY 332,756,015.10 at the end of 2024[12] - Current assets totaled CNY 297,130,258.82, up from CNY 236,529,065.44 in the previous year, indicating a growth of approximately 25.6%[12] - Cash and cash equivalents reached CNY 126,863,050.12, compared to CNY 107,906,887.23 at the end of 2024, reflecting an increase of about 17.6%[11] - Total liabilities increased to CNY 270,502,919.96 from CNY 229,791,516.35, representing a rise of approximately 17.7%[13] - The total current liabilities amounted to CNY 267,896,877.43, up from CNY 227,185,473.82, indicating an increase of about 17.9%[13] Shareholder Information - The equity attributable to shareholders increased to CNY 120,174,709.26, up 16.71% from the previous year-end[5] - The company’s equity attributable to shareholders rose to CNY 120,174,709.26, compared to CNY 102,964,498.75 in the previous year, marking an increase of about 16.7%[13] - The company reported a total of 26,369 common shareholders at the end of the reporting period[10] - The top shareholder, Wuhan Gehua Group Co., Ltd., holds 20.08% of the shares, totaling 75,291,177 shares[10] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 55,273,532.36, an increase of 24.43%[4] - Cash flow from operating activities improved to ¥55,273,532.36, compared to ¥44,421,487.74 in the previous year, marking a 24.5% increase[18] - Cash inflow from investment activities was ¥59,482,234.90, significantly higher than ¥13,210,846.62 in the same period last year[19] - The company reported a net cash outflow from investment activities of ¥36,317,369.47, compared to a net outflow of ¥14,493,306.61 in 2024[19] - The ending balance of cash and cash equivalents increased to ¥126,863,050.12, up from ¥113,745,227.11 at the end of the previous year[19] Research and Development - Research and development expenses rose sharply to ¥22,042.08, compared to only ¥2,449.12 in the same period last year, indicating a focus on innovation[15]

Revenue and Profit - The company's revenue for Q3 2025 was CNY 113,207,556.99, a decrease of 4.64% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 13,730,409.18, an increase of 19.25% year-on-year, while year-to-date net profit decreased by 40.72% to CNY 18,447,119.57[5]. - Total operating revenue for the current period is ¥280,950,323.92, a decrease of 12.8% from ¥321,984,131.42 in the previous period[22]. - Net profit for the current period is ¥23,950,391.65, a decline of 26.3% compared to ¥32,461,524.36 in the previous period[23]. - Earnings per share (EPS) for the current period is ¥0.14, down from ¥0.24 in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,270,017,324.40, representing a 1.94% increase from the end of the previous year[5]. - Total current assets increased to CNY 803,841,201.92 from CNY 774,386,463.37, representing a growth of approximately 3.5%[18]. - Total liabilities decreased to CNY 1,270,017,324.40 from CNY 1,245,790,677.11, a reduction of approximately 1.9%[19]. - The total liabilities increased to ¥308,642,427.87 from ¥262,190,201.13, reflecting a growth of 17.7%[21]. - Total equity attributable to shareholders decreased to ¥940,599,105.00 from ¥964,119,523.00, a decline of 2.4%[21]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 83,824,586.53, an increase of 8.19%[5]. - Cash flow from operating activities generated a net amount of ¥83,824,586.53, an increase of 8.0% from ¥77,480,990.14[26]. - Net cash flow from investing activities was $7,287,383.09, a decrease from a net outflow of $23,309,449.62 in the previous period[28]. - Total cash inflow from financing activities was $5,357,342.13, compared to $3,722,658.16 in the prior period[28]. - The net increase in cash and cash equivalents was $40,838,086.11, contrasting with a decrease of $13,281,147.43 in the prior period[28]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,440[14]. - The largest shareholder, Chen Zhendong, holds 38.72% of shares, totaling 50,722,056 shares[14]. - The number of shares held by the top ten unrestricted shareholders includes Chen Zhendong with 12,680,514 shares[15]. - The company has not reported any changes in the top ten shareholders due to securities lending activities[16]. Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 37.64% to CNY 6,242,531.35 due to increased bill settlements[9]. - The company experienced a 43.24% increase in accounts payable, which reached CNY 73,986,989.87, attributed to increased procurement of raw materials and fixed assets[10]. - The total profit for the year-to-date period was CNY 25,030,357.81, a decrease of 34.82% compared to the previous year, primarily due to reduced operating income[11]. - Research and development expenses for the current period were ¥32,395,713.98, down 12.5% from ¥37,127,726.56[22]. - Other income for the current period was ¥1,651,086.42, a decrease of 44.4% from ¥2,974,949.43[23]. Audit and Reporting - The financial report for the third quarter was not audited[30].

江西黑猫炭黑股份有限公司 2025 年第三季度报告 证券代码：002068 证券简称：黑猫股份 公告编号：2025-041 江西黑猫炭黑股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 ☑否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 2,120,720,732.71 | -11.13% | 6,416,676,669.83 | - ...

Financial Performance - The company's revenue for Q3 2025 reached ¥3,696,694,967.39, representing a year-on-year increase of 9.70%[3] - The net profit attributable to shareholders was a loss of ¥21,294,682.43, a decline of 126.09% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥20,896,891.31, down 126.50% year-on-year[3] - Total operating revenue for the current period reached ¥9,959,032,050.29, an increase of 7.8% compared to ¥9,239,136,891.75 in the previous period[15] - Operating profit decreased significantly to ¥107,868,636.87 from ¥450,036,566.77, indicating a decline of approximately 76%[16] - Net profit for the current period was reported at -¥18,725,032.05, compared to a net profit of ¥277,859,185.84 in the previous period, marking a substantial loss[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥63,347,426,573.68, a decrease of 0.87% from the end of the previous year[3] - Total current assets decreased from 52,829,928,649.63 yuan to 50,866,891,549.89 yuan, a reduction of approximately 3.71%[12] - Total liabilities amounted to ¥48,462,813,304.32, slightly down from ¥48,878,170,258.25, showing a reduction of approximately 0.9%[14] - The total equity attributable to shareholders at the end of the reporting period was ¥14,487,205,205.01, a decrease of 0.70% from the previous year[3] Cash Flow - Cash flow from operating activities showed a net outflow of ¥995,326,943.66, a significant decline of 2,236.61% year-on-year[3] - The company reported a total cash inflow from operating activities of ¥11,583,013,045.39, down from ¥14,681,870,722.22, a decrease of about 21%[18] - Total cash outflow from operating activities was approximately $14.17 billion, compared to $15.27 billion previously, indicating a reduction of about 7.2%[19] - Cash inflow from financing activities was approximately $5.13 billion, down from $7.95 billion, indicating a decrease of about 35%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 41,446[9] - The largest shareholder, Shenzhen Special Zone Construction Group Co., Ltd., holds 23.47% of shares, totaling 438,637,781 shares[9] Research and Development - Research and development expenses for the first nine months of 2025 were ¥263,370,379.61, down 33.27% from the same period in 2024[7] - The company’s research and development expenses were ¥263,370,379.61, down from ¥394,662,171.11, indicating a reduction of approximately 33%[16] Other Financial Metrics - Basic and diluted earnings per share for the current period were -¥0.0041, down from ¥0.1609 in the previous period, indicating a negative shift in profitability[17] - Other comprehensive income after tax for the current period was ¥92,292,281.83, compared to -¥15,563,243.87 in the previous period, showing a significant recovery[17] - Cash paid for employee compensation was approximately $1.17 billion, down from $1.60 billion, a decrease of about 27%[19] - Cash paid for taxes was approximately $699.90 million, a decrease from $1.10 billion, reflecting a decline of about 36%[19]

惠州市华阳集团股份有限公司 2025 年第三季度报告 证券代码：002906 证券简称：华阳集团 公告编号：2025-046 惠州市华阳集团股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 惠州市华阳集团股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 3,480,059,424.37 | 31.43% | ...

Financial Performance - The company's revenue for Q3 2025 was CNY 358,442,338.75, a decrease of 0.56% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 35,972,038.91, down 10.62% year-on-year, with a year-to-date loss of CNY 43,209,682.69, representing a decline of 210.75%[5]. - The basic and diluted earnings per share were both CNY 0.0479, reflecting a decrease of 10.63% compared to the previous year[5]. - Total operating revenue for the current period was ¥936,515,554.32, a decrease of 5.2% from ¥987,694,139.07 in the previous period[22]. - Net profit for the current period was a loss of ¥46,877,022.25, compared to a loss of ¥18,518,104.41 in the previous period, representing an increase in loss of 153.5%[24]. - Basic and diluted earnings per share were both -0.0575, compared to -0.0185 in the previous period[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,711,157,151.45, down 3.30% from the end of the previous year[5]. - Total liabilities decreased to ¥215,723,002.31 from ¥261,492,603.38, showing a reduction of approximately 17.5%[20]. - The total equity remained stable at ¥751,003,080.00, unchanged from the previous period[20]. - The company reported a total current liability of ¥211,046,407.81, down from ¥237,259,275.55, a decrease of about 11%[20]. - The non-current liabilities also decreased to ¥4,676,594.50 from ¥24,233,327.83, a significant drop of approximately 80.7%[20]. - The total equity attributable to shareholders of the parent company was ¥2,521,578,591.72, down from ¥2,564,788,274.41[22]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 212,268,699.40, a decrease of 23.53% year-to-date[5]. - The net cash flow from operating activities was negative at ¥212,268,699.40, a decline of 23.53% year-on-year due to reduced sales contract collections and increased employee compensation expenses[9]. - Cash inflow from operating activities totaled ¥909,854,974.99, a decrease of 4.8% from ¥955,819,244.44 in the previous period[27]. - The net cash flow from operating activities was -$212.27 million, compared to -$171.84 million in the previous period, indicating a decline in operational cash generation[28]. - Cash inflow from investment activities increased by 453.63% to ¥589,545,046.56, primarily due to the redemption of financial products[9]. - The net cash flow from investment activities was $303.52 million, a substantial increase from $1.83 million previously, reflecting improved investment recovery[28]. - Cash outflow for investment activities rose by 173.30% to ¥286,022,166.43, driven by the purchase of financial products[9]. - The company did not report any cash inflows from financing activities, indicating no new debt or equity financing during the period[28]. Inventory and Expenses - The company reported a significant increase in inventory, which rose by 88.80% to CNY 114,592,241.93 due to increased contract performance costs[8]. - Research and development expenses increased to ¥324,939,072.04, up from ¥318,377,737.13 in the previous period, reflecting a growth of 2.0%[22]. - Other income decreased to ¥13,113,063.84 from ¥20,568,525.63, a decline of 36.3%[22]. - The company paid $956.93 million in employee-related cash, slightly up from $956.49 million, indicating stable workforce costs[28]. - Tax payments decreased to $70.73 million from $83.97 million, suggesting a potential reduction in tax liabilities[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 112,442, with no preferred shareholders[11]. - The largest shareholder, Tang Qiu, holds 10.47% of the shares, amounting to 78,630,131 shares, with a portion of shares frozen[12]. - The company has a total of 106,870,801 shares under lock-up agreements, with 17,901,700 shares released during the period[16]. Management and Strategy - The company’s management has indicated a focus on maintaining financial stability and exploring new market opportunities moving forward[17]. - The company’s core product group is undergoing new generation development and AI empowerment, which has impacted overall profitability[9].

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。 证券代码：300129 证券简称：泰胜风能 公告编号：2025-051 泰胜风能集团股份有限公司 2025 年第三季度报告 公司是否需追溯调整或重述以前年度会计数据 是 □否 重要内容提示： 1. 董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的法律责任。 2. 公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准 确、完整。 3. 第三季度财务会计报告是否经过审计 □是 否 1 泰胜风能集团股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 对 2024 年 1-9 月合并比较财务报表相关项目调整如下："销售费用"调整前为 20,458,050.62 元，调整后为 13,802,270.72 元；"营业成本"调整前为 2,461,517,595.49 元 ，调整后为 2,468,173,375.39 元。 追溯调整或重述原因 会计政策变更 | | ...

广州瑞立科密汽车电子股份有限公司 2025 年第三季度报告 证券代码：001285 证券简称：瑞立科密 公告编号：2025-005 广州瑞立科密汽车电子股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 广州瑞立科密汽车电子股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 587,407,297 ...

Revenue and Profitability - Revenue for Q3 2025 was CNY 235,764,360.18, a decrease of 8.53% compared to the same period last year[9] - Net profit attributable to shareholders increased by 49.20% to CNY 23,390,957.76 for Q3 2025[9] - Basic earnings per share rose by 49.03% to CNY 0.1076 for Q3 2025[9] - Total operating revenue for the current period reached ¥757,129,146.52, a slight increase from ¥756,340,201.33 in the previous period[26] - Net profit for the current period reached CNY 64,762,159.33, an increase of 34.3% compared to CNY 48,186,091.31 in the previous period[27] - Basic and diluted earnings per share increased to CNY 0.3020 from CNY 0.2329, reflecting a growth of 29.7%[28] - The company reported a total comprehensive income of CNY 64,038,197.69, up from CNY 48,305,724.46, indicating a growth of 32.6%[27] - Operating profit for the current period was CNY 68,426,189.91, an increase of 37.9% from CNY 49,553,013.12 in the previous period[27] Assets and Liabilities - Total assets decreased by 6.15% to CNY 1,419,728,596.71 compared to the end of the previous year[9] - Cash and cash equivalents decreased significantly to ¥501,394,898.07 from ¥764,004,671.27, indicating a reduction of approximately 34.4%[24] - Current liabilities decreased to ¥410,572,565.66 from ¥516,910,915.56, a reduction of approximately 20.5%[25] - Non-current liabilities decreased to ¥16,741,131.35 from ¥19,342,240.67, showing a decline of about 13.4%[25] - The company's total equity increased to ¥992,414,899.70 from ¥976,513,797.66, representing a growth of approximately 1.6%[26] Cash Flow - Cash flow from operating activities increased by 39.68% to CNY 104,361,923.95 year-to-date[15] - Cash flow from operating activities generated a net amount of CNY 104,361,923.95, up from CNY 74,715,336.81, representing a 39.6% increase[28] - Cash flow from investing activities resulted in a net outflow of CNY 214,816,891.41, an improvement from the previous period's outflow of CNY 373,077,081.51[29] - Cash and cash equivalents at the end of the period totaled CNY 458,397,813.03, compared to CNY 290,653,811.84 at the end of the previous period, an increase of 57.8%[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,850[17] - The largest shareholder, Pan Weichao, holds 30.56% of shares, totaling 66,802,874 shares, with 18,710,000 shares pledged[17] - The total number of restricted shares held by Pan Weichao is 54,050,155, which are subject to executive lock-up[20] - The company repurchased 912,200 shares, accounting for 0.42% of the total share capital[18] - The top ten shareholders include various institutional investors, with the largest institutional holding being 0.55%[17] - The total number of shares held by the top ten unrestricted shareholders is 12,752,719 shares for Pan Weichao[18] - The company has not disclosed any changes in the status of preferred shareholders or their holdings[19] Strategic Initiatives - The company has implemented a stock option incentive plan and employee stock ownership plan for 2025, with profit targets set at RMB 80 million and RMB 100 million for 2025 and 2026 respectively[21][22] - The company aims to align the interests of shareholders, management, and core employees through the new incentive plans[22] - The report indicates that the company is focused on long-term development and achieving strategic goals[22] Inventory and Costs - The company’s inventory decreased by 30.73% to CNY 66,629,867.62, attributed to revenue realization from previous stock[13] - Total operating costs decreased to ¥685,490,345.42 from ¥698,416,206.35, with operating costs specifically at ¥487,684,162.71 compared to ¥482,104,867.66 previously[26] - The company’s inventory decreased to ¥66,629,867.62 from ¥96,190,264.83, reflecting a reduction of approximately 30.8%[24] - Research and development expenses were reported at ¥70,314,459.02, down from ¥74,604,037.68, indicating a decrease of about 5.8%[26] Investment Income - Investment income surged by 566.42% to CNY 4,331,584.38 in Q3 2025[14] - The company reported an investment income of ¥4,331,584.38, a significant increase from ¥649,977.75 in the previous period[26]