南方泵业股份有限公司 2025 年第三季度报告 证券代码：300145 证券简称：南方泵业 公告编号：2025-056 南方泵业股份有限公司 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） | 1,357,069,451.29 | -1.66% | 3,628,546,003.76 | 1.21% | ...

Financial Performance - The company's revenue for Q3 2025 reached ¥985,929,981.64, representing a 16.83% increase year-over-year[6] - Net profit attributable to shareholders decreased by 7.93% to ¥177,035,133.47 for the quarter, and by 23.86% to ¥316,932,355.32 for the year-to-date[6] - The net profit excluding non-recurring items was ¥146,603,519.66, a slight increase of 1.08% compared to the same period last year[6] - Operating income for the year-to-date was ¥2,717,342,723.91, up 15.90% due to increased pharmaceutical sales and the gradual release of new products[10] - Total operating revenue increased to ¥2,717,342,723.91, up from ¥2,344,643,009.24, representing a growth of approximately 15.9% year-over-year[26] - Net profit for the period was ¥303,006,092.01, down from ¥405,153,844.02, indicating a decline of approximately 25.3% year-over-year[27] - Earnings per share decreased to ¥0.76 from ¥0.99, representing a decline of about 23.2%[27] Assets and Liabilities - Total assets at the end of the quarter amounted to ¥9,699,462,636.70, reflecting a 3.83% increase from the end of the previous year[6] - The total assets increased to ¥9,699,462,636.70 from ¥9,341,677,723.81, showing a growth of approximately 3.8%[24] - The total liabilities increased to ¥3,779,901,199.51 from ¥3,675,567,489.25, reflecting a growth of about 2.8%[24] - The total owner's equity rose to ¥5,919,561,437.19 from ¥5,666,110,234.56, indicating an increase of approximately 4.5%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,537[12] - The largest shareholder, Ningbo Kaiming Investment Management Partnership, holds 19.03% of shares, equating to 80,064,000 shares[12] - Zhejiang Jihe Venture Capital holds 12.91% of shares, totaling 54,324,000 shares[12] - The top 10 shareholders collectively hold significant stakes, with the top four shareholders accounting for 41.14% of total shares[12] - The actual controller, Ding Li Ming, indirectly controls 21.39% of shares through partnerships[12] - The company has no changes in the top 10 shareholders due to securities lending or borrowing compared to the previous period[13] - There are no preferred shareholders or changes in restricted shares reported for this period[13] - The company has a total of 0 preferred shareholders at the end of the reporting period[13] - The total number of shares held by the top 10 unrestricted shareholders is 80,064,000 shares[12] - The company has not disclosed any related party transactions among shareholders outside of the top shareholders[12] Operational Highlights - The company reported a significant increase in accounts receivable by 229.24% to ¥324,186,069.06, attributed to increased sales and outstanding receivables[10] - The company launched eight products, including the recently approved drugs Enasatinib and Tarecitinib, contributing to revenue growth[15] - The company has strategic partnerships, including a collaboration with Hangzhou Bozhirui Biopharmaceutical Co., which commenced nationwide sales of a new product in July 2025[16] - The company is advancing clinical trials for several drugs, including MCLA-129, which has completed patient enrollment for a Phase II study in lung cancer[17] - The company reported a 2-year disease-free survival rate of 86.4% for Enasatinib in postoperative adjuvant therapy, significantly reducing the risk of disease recurrence[17] Cash Flow and Investments - Operating cash inflow for the current period was CNY 2,737,853,928.25, an increase of 7.43% from CNY 2,548,182,394.10 in the previous period[28] - Net cash flow from operating activities decreased to CNY 668,430,246.92, down 19.6% from CNY 831,340,738.79 in the previous period[28] - Cash outflow from investing activities totaled CNY 731,485,187.19, compared to CNY 783,733,321.62 in the previous period, indicating a decrease of 6.67%[28] - Net cash flow from financing activities was CNY 2,786,569.40, a significant improvement from a net outflow of CNY 200,294,076.80 in the previous period[29] - The total cash and cash equivalents at the end of the period decreased to CNY 414,329,858.11 from CNY 595,341,383.28, reflecting a decline of 30.4%[29] - Cash inflow from financing activities increased to CNY 809,946,278.00, up from CNY 483,600,000.00 in the previous period, representing a growth of 67.5%[29] - Cash outflow for purchasing goods and services rose to CNY 402,612,013.17, compared to CNY 207,021,761.38 in the previous period, marking an increase of 94.5%[28] - The company reported a cash inflow of CNY 90,716,752.84 from other operating activities, up from CNY 75,478,085.66, an increase of 19.5%[28] - The company’s cash flow from investment activities showed a net outflow of CNY 730,471,677.77, slightly improved from CNY 781,682,505.65 in the previous period[28] - The impact of exchange rate changes on cash and cash equivalents was a positive CNY 1,901,864.44, compared to a negative impact of CNY 6,019,687.56 in the previous period[29] Research and Development - The company reported a decrease in research and development expenses to ¥372,969,710.80 from ¥384,037,587.90, a decline of approximately 2.9%[26] - Long-term equity investments rose to ¥599,381,502.98 from ¥360,541,773.33, an increase of about 66.3%[23]

中国海诚工程科技股份有限公司 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： 中国海诚工程科技股份有限公司 2025 年第三季度报告 证券代码：002116 证券简称：中国海诚 公告编号：2025-049 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.公司负责人李士军先生、主管会计工作负责人林琳女士及会计机构负责人张文文女士声明：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） | 1,575,394,239.04 | 0.62% | 4,320,143,364. ...

Financial Performance - The company's revenue for Q3 2025 was ¥292,775,357.80, representing a 3.85% increase year-over-year, while the year-to-date revenue decreased by 1.90% to ¥793,575,733.74[6] - Net profit attributable to shareholders for Q3 2025 was ¥1,792,562.85, a significant decline of 89.20% compared to the same period last year, and a year-to-date decrease of 60.72% to ¥26,039,037.30[6] - The basic earnings per share for Q3 2025 was ¥0.02, down 87.50% year-over-year, with a year-to-date figure of ¥0.24, down 61.29%[6] - The company reported a net profit of CNY 26,039,037.30 for the first nine months of 2025, a decrease of 60.33% compared to CNY 65,639,289.29 in the same period of 2024[13] - Operating revenue for the current period reached approximately CNY 793.58 million, down from CNY 808.98 million in the previous period, representing a decrease of about 1.8%[28] - The total profit for the current period is CNY 21,453,715.11, down from CNY 70,363,679.45, reflecting a decline of 69.5%[29] - The operating profit for the current period is CNY 22,065,682.55, significantly lower than CNY 70,831,943.85 from the previous period, indicating a decrease of 68.8%[29] - The total comprehensive income for the current period is CNY 25,824,677.51, a decrease of 61.0% compared to CNY 65,639,289.29 in the previous period[29] Cash Flow and Financial Position - The net cash flow from operating activities for the year-to-date period was negative at -¥213,338,465.29, reflecting a drastic decline of 591.23%[6] - Operating cash flow net amount was CNY -213,338,465.29, reflecting a significant decline of 591.23% from CNY -30,863,389.23 in the previous year, primarily due to increased customer payment delays and higher expenses[15] - Cash flow from operating activities shows a net outflow of CNY -213,338,465.29, worsening from CNY -30,863,389.23 in the previous period[30] - Cash flow from investing activities resulted in a net outflow of CNY -138,177,323.17, compared to CNY -312,958,224.99 in the previous period, showing an improvement[31] - Cash flow from financing activities generated a net inflow of CNY 202,788,356.59, up from CNY 150,478,457.85 in the previous period, indicating a 34.8% increase[31] - The company's total assets increased by 13.92% to ¥2,294,803,223.33 compared to the end of the previous year[6] - The total assets of the company as of September 30, 2025, amounted to CNY 2.29 billion, up from CNY 2.01 billion at the beginning of the period, reflecting a growth of approximately 13.6%[27] - The company’s total liabilities increased to CNY 1.16 billion from CNY 895.95 million, marking a rise of approximately 29%[27] Operational Challenges - Accounts receivable increased by 66.49% to ¥499,255,526.30, primarily due to slower customer payments during the reporting period[10] - Inventory rose by 36.52% to ¥229,735,649.55, attributed to an increase in stock of goods[11] - Short-term borrowings surged by 165.13% to ¥289,039,741.85, mainly due to increased bank loans during the reporting period[11] - The company reported a significant increase in contract liabilities by 445.16% to ¥4,096,758.38, driven by higher prepayments for molds[11] - The company’s gross profit margin has been under pressure due to intensified market competition and pricing challenges, impacting overall profitability[22] - The company is currently in the capacity ramp-up phase for its new production projects, impacting overall profitability and cost structure[13] - The company is currently in the capacity ramp-up phase for new production bases in Nantong and Guangzhou, which are expected to gradually enhance operational performance[22] Expenses and Income - Management expenses increased by 38.00% to CNY 47,548,072.78, mainly due to higher construction costs for new projects[13] - Financial expenses decreased by 40.02% to CNY 2,170,060.55, attributed to foreign exchange gains exceeding interest expense increases[13] - Other income rose by 93.13% to CNY 6,604,530.68, driven by increased government subsidies and VAT input tax deductions[13] - Investment income turned positive at CNY 3,402,163.64, a significant increase of 271.71% compared to a loss of CNY -1,981,370.29 in the previous year[13] - The company’s R&D expenses for the current period were CNY 45.79 million, slightly up from CNY 44.20 million in the previous period, indicating ongoing investment in innovation[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,999[17] - The company has not undergone an audit for the third quarter financial report[32]

九阳股份有限公司 2025 年第三季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 1 证券代码：002242 证券简称：九阳股份 公告编号：2025-041 九阳股份有限公司 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。 九阳股份有限公司 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 追溯调整或重述原因 会计政策变更 | | | | | 本报告 期比上 | | | | 年初至 报告期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期 | 上年同期 | | 年同期 | 年初至报告期 末 | 上年同期 | ...

Financial Performance - The company's revenue for Q3 2025 was ¥450,272,528.06, representing a 4.41% increase year-over-year, but a 28.72% decrease for the year-to-date period[5]. - Net profit attributable to shareholders for Q3 2025 was ¥40,173,178.38, down 92.19% year-over-year, and down 77.11% year-to-date[5]. - The basic earnings per share for Q3 2025 was ¥0.06, a decrease of 92.50% compared to the same period last year[5]. - The company achieved a total operating revenue of 126,072.00 million RMB, a year-on-year decrease of 28.72%[20]. - The net profit attributable to shareholders was 16,091.84 million RMB, down 77.11% year-on-year, with a net profit excluding non-recurring gains and losses of 15,127.23 million RMB, a decrease of 39.23%[20]. - The company's net profit for the current period is CNY 172,996,979.70, a decrease from CNY 738,887,538.95 in the previous period, representing a decline of approximately 76.7%[33]. - Operating profit for the current period is CNY 196,987,160.34, down from CNY 995,163,055.11 in the previous period, indicating a decrease of about 80.2%[33]. - The company reported a total comprehensive income of CNY 173,001,977.86, compared to CNY 738,439,558.90 in the previous period, marking a decrease of about 76.6%[34]. - Basic and diluted earnings per share for the current period are both CNY 0.25, down from CNY 1.08 in the previous period, indicating a decline of approximately 76.8%[34]. Assets and Liabilities - The total assets at the end of Q3 2025 were ¥3,576,783,026.40, reflecting a 0.91% increase from the end of the previous year[5]. - As of the end of the reporting period, total assets amounted to 357,678.30 million RMB, an increase of 0.91% compared to the end of the previous year[20]. - The company’s total equity attributable to shareholders decreased by 1.29% from the end of the previous year to ¥2,469,867,403.67[5]. - The net assets attributable to shareholders were 246,986.74 million RMB, a decrease of 1.29% from the previous year[20]. - Total liabilities increased to CNY 986.07 million from CNY 933.61 million, reflecting a rise of about 5.6%[30]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥248,925,803.38, a significant increase of 240.17%[5]. - The net cash flow from operating activities is CNY 248,925,803.38, a significant improvement from a negative cash flow of CNY -177,591,604.28 in the previous period[37]. - The company experienced a net cash outflow from investing activities of CNY -547,074,545.24, compared to a net inflow of CNY 708,481,808.57 in the previous period[37]. - Cash and cash equivalents at the end of the period decreased to CNY 143,944,004.30 from CNY 553,498,023.81 in the previous period, a decline of approximately 74.0%[37]. - The company's cash and cash equivalents decreased significantly to CNY 158.92 million from CNY 490.22 million, a drop of about 67.6%[28]. Expenses - Research and development expenses decreased by 42.66% year-over-year to ¥5,389.50 million, primarily due to the exclusion of Arno Precision from the consolidation scope[10]. - Research and development investment amounted to CNY 53.895 million from the beginning of the year to the end of the reporting period, with a total of 452 valid patents held, including 47 invention patents[26]. - The company reported a significant decrease in sales expenses by 49.88% year-over-year to ¥3,754.73 million, attributed to the exclusion of Arno Precision from the consolidation[10]. - Total operating costs decreased to CNY 1,051.93 million from CNY 1,446.93 million, a decline of approximately 27.4%[32]. Business Segments - The compressor business generated revenue of 77,833.25 million RMB, representing a year-on-year increase of 4.82%[22]. - The vacuum pump business reported revenue of 30,128.53 million RMB, a decline of 26.74% year-on-year[22]. - The hydraulic pump business revenue was 17,454.14 million RMB, down 12.14% compared to the previous year[22]. - The vacuum pump business segment experienced a decline in sales due to fluctuations in the photovoltaic industry cycle, resulting in an overall gross margin decrease[25]. Shareholder Information - The top shareholder, Innospec Group Limited, holds 45.72% of the shares, with 183,800,000 shares pledged[15]. Future Plans - The company plans to continue focusing on market expansion and new product development strategies[20]. - The disposal of Arno Precision will be completed in July 2024, and it will no longer be included in the company's consolidated scope during this reporting period[25].

Financial Performance - The company's operating revenue for Q3 2025 was ¥446,426,831.94, a decrease of 15.04% year-on-year, and the total revenue for the first nine months was ¥1,480,185,887.34, down 14.99% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2025 was a loss of ¥29,319,608.07, representing an increase in loss of 18.90% year-on-year, while the net profit for the first nine months was a loss of ¥41,549,283.99, down 98.16% year-on-year[5]. - The company achieved a main business revenue of 1,435.63 million yuan in the first nine months of 2025, a decrease of 16.82% year-on-year[15]. - The company reported a total current assets of ¥2,201,443,787.58, down from ¥2,700,845,384.21, indicating a decrease of approximately 18%[25]. - Total operating revenue for the current period was ¥1,480,185,887.34, a decrease of 14.99% compared to ¥1,741,272,508.96 in the previous period[29]. - Net profit for the current period was -¥35,471,551.52, compared to -¥33,042,656.16 in the previous period, indicating a worsening performance[30]. - The company recorded a total comprehensive loss of -¥35,478,923.72, compared to -¥33,049,263.59 in the previous period[31]. Cash Flow - The cash flow from operating activities for the first nine months was a negative ¥6,225,646.19, but improved by 93.74% compared to the previous year[5]. - Cash received from tax refunds decreased by 90.09% to 43,400 yuan due to a reduction in VAT refunds[14]. - Cash received from other operating activities decreased by 35.21% to 182.28 million yuan, attributed to reduced loan recoveries in financial services[14]. - Cash inflow from the disposal of fixed assets increased by 376.95% to 32.17 million yuan, mainly from property disposals[14]. - Cash outflow for debt repayment decreased by 86.03% to 210 million yuan, indicating reduced bank loan repayments[14]. - The company's cash and cash equivalents decreased to ¥988,228,864.69 from ¥1,190,464,338.28, reflecting a decline of approximately 17%[24]. - The ending cash and cash equivalents balance was ¥967,927,821.87, down from ¥1,015,066,639.32 in the previous period[33]. - The company’s cash flow from operating activities showed a net outflow for the period, indicating ongoing challenges in cash generation[33]. Assets and Liabilities - The company's total assets at the end of Q3 2025 were ¥4,048,123,249.22, a decrease of 7.84% from the end of the previous year[5]. - The company's total assets decreased to ¥4,048,123,249.22 from ¥4,392,412,889.66, reflecting a decline of 7.83%[27]. - Total liabilities decreased to ¥1,155,467,114.09 from ¥1,455,805,428.99, a reduction of 20.63%[27]. - The company's total equity decreased to ¥2,892,656,135.13 from ¥2,936,607,460.67, a decline of 1.50%[27]. Revenue Sources - The company experienced a 20.98% decline in large transaction service revenue, significantly impacting profits[8]. - The large transaction service revenue decreased by 20.98% year-on-year, primarily due to the impact of market trading conditions[15]. - The large asset management service revenue declined by 11.22% year-on-year, influenced by the optimization of loss-making projects and some projects not being renewed[15]. - The South China region accounted for 52.02% of total revenue, with a year-on-year decrease of 13.22%[16]. - The company has approximately 110.3 billion yuan in recognized but unbilled sales, expected to generate about 717 million yuan in comprehensive marketing service revenue in the next 3 to 9 months[17]. Shareholder Information - The top shareholder, Shijie Real Estate Consulting (China) Co., Ltd., holds 30.27% of shares, totaling 603,238,739 shares[20]. - Zhuhai Dahengqin Group Co., Ltd. is the second-largest shareholder with a 16.26% stake, amounting to 324,077,841 shares[20]. Cost Management - The company reduced management, research and development, and financial expenses by approximately ¥44,538,900 compared to the previous year[8]. - Research and development expenses for the current period were ¥16,192,034.06, down 13.33% from ¥18,672,493.27 in the previous period[30]. - Total operating costs for the current period were ¥1,508,020,015.81, down 16.66% from ¥1,809,895,960.08 in the previous period[29]. Investment Activities - The company reported a significant reduction in short-term loans, down 90.48% to ¥200,000[9]. - The company received 294.49 million yuan from minority shareholders, a significant increase of 5910.00% compared to the previous period[14]. - The company received ¥33,800,000.00 from investment recoveries, a significant increase from ¥1,326,000.00 in the previous period[33]. - The company agreed to transfer a real estate fund share for ¥248 million, based on a paid-in capital of ¥200 million, reflecting a gain of 24%[22].

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,624,326,563, a decrease of 6.16% compared to the same period last year[5] - Net profit attributable to shareholders was ¥59,863,600.90, down 42.31% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥52,459,037.53, a decline of 46.58% compared to the previous year[5] - The basic earnings per share for the period was ¥0.1023, reflecting a decrease of 42.50% year-on-year[5] - Total revenue for the period was CNY 4,970,887,166.33, a decrease of 2.5% compared to CNY 5,098,151,293.03 in the previous period[20] - The company reported a net profit margin improvement, with net profit increasing to CNY 199,269,039.00, compared to CNY 204,051,016.00 in the previous period[20] - The net profit for the current period is CNY 178,468,719.59, compared to CNY 175,632,730.50 in the previous period, reflecting a slight increase[21] - The total comprehensive income for the current period is CNY 201,403,557.00, up from CNY 171,627,253.63 in the previous period[22] - The basic and diluted earnings per share for the current period are both CNY 0.3129, compared to CNY 0.3045 in the previous period[22] - The total profit for the current period is CNY 203,447,649.30, slightly higher than CNY 201,975,267.09 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,608,487,797.40, down 4.12% from the end of the previous year[5] - Cash and cash equivalents decreased to CNY 1,741,424,487.48 from CNY 2,079,990,078.51, representing a decline of 16.3%[17] - Total assets decreased to CNY 5,608,487,797.40 from CNY 5,849,378,366.32, a decline of 4.1%[18] - Total liabilities decreased to CNY 1,361,916,542.21 from CNY 1,704,116,756.42, reflecting a reduction in financial obligations[18] - The company's equity attributable to shareholders increased to CNY 4,247,283,488.03 from CNY 4,141,767,515.48, an increase of 2.5%[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥48,535,426.86, an improvement of 73.33% compared to the same period last year[12] - The net cash flow from operating activities is CNY -48,535,426.86, an improvement from CNY -182,016,579.94 in the previous period[24] - Cash and cash equivalents at the end of the period amount to CNY 1,736,084,188.15, slightly down from CNY 1,763,715,111.65 in the previous period[25] - Investment activities generated a net cash flow of CNY 614,587.79, a significant improvement from CNY -85,745,346.37 in the previous period[25] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 101.19% to ¥199,217,196.47, attributed to increased stock and contract performance costs[9] - Accounts receivable increased to CNY 1,998,511,178.76 from CNY 1,915,740,634.44, showing a growth of 4.3%[17] - Inventory levels rose significantly to CNY 199,217,196.47 from CNY 99,018,513.83, indicating a potential buildup of stock[17] Expenses - Total operating costs amounted to CNY 4,771,618,127.33, down from CNY 4,894,100,276.14, reflecting a cost reduction strategy[20] - Research and development expenses were CNY 252,151,310.35, a decrease of 5.6% from CNY 267,103,379.25 in the previous period, indicating a focus on efficiency[20] - Financial expenses increased by 337.43% to -¥24,243,002.78, primarily due to exchange rate fluctuations[10] Other Income - The company received government subsidies amounting to ¥34,322,219.98, an increase of 35.85% compared to the previous year[10] - The company incurred a credit impairment loss of CNY -28,444,590.17, compared to CNY -19,595,728.13 in the previous period[21] - The company reported a decrease in the investment income from joint ventures and associates, with a loss of CNY -2,967,977.27 compared to a loss of CNY -4,556,409.61 in the previous period[21]

Revenue and Profitability - The company's revenue for Q3 2025 was ¥114,668,442.28, representing a 5.26% increase year-over-year, while the year-to-date revenue decreased by 1.69% to ¥323,003,451.75[6] - The net profit attributable to shareholders for Q3 2025 was -¥7,108,420.76, a decline of 155.71% compared to the same period last year, and a year-to-date decrease of 76.03% to ¥8,192,118.09[6] - The basic and diluted earnings per share for Q3 2025 were both -¥0.0253, reflecting a decrease of 156.10% year-over-year, with year-to-date earnings per share at ¥0.0290, down 75.99%[6] - Operating profit decreased by 67.77% to CNY 13,525,909.24 million, attributed to increased marketing expenses for new product promotions and higher credit impairment losses[15] - Net profit fell by 76.03% to CNY 8,192,118.09 million, reflecting the same factors affecting operating profit[15] - Total operating revenue for the current period is ¥323,003,451.75, a decrease of 1.6% from ¥328,543,167.42 in the previous period[28] - Net profit for the current period is ¥8,192,118.09, a decline of 76.0% compared to ¥34,177,407.59 in the previous period[29] - Basic and diluted earnings per share decreased to ¥0.03 from ¥0.12 in the previous period[29] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥1,358,287,071.09, an increase of 1.05% from the end of the previous year[6] - Total liabilities increased to ¥175,112,206.80, up from ¥162,352,291.48 in the previous period[27] - Total current assets as of September 30, 2025, amount to 1,192,999,927 RMB, an increase from 1,164,088,622 RMB at the beginning of the period[26] - Non-current assets total 165,287,144.09 RMB, down from 180,092,588.03 RMB[26] - The total assets of the company as of September 30, 2025, are 1,358,287,071.09 RMB, compared to 1,344,181,210.28 RMB at the beginning of the period[26] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥24,818,237.36, a significant decrease of 71.04% compared to the previous year[6] - Cash flow from operating activities dropped by 71.04% to CNY 24,818,237.36 million, mainly due to changes in settlement methods with suppliers[16] - Cash inflow from investment activities decreased by 89.44% to CNY 42,459,827.96 million, primarily due to the recovery of principal from wealth management products[16] - Cash outflow for investment activities fell by 93.22% to CNY 58,953,624.43 million, mainly due to reduced principal payments for wealth management products[16] - The net cash flow from investment activities improved by 96.47%, reaching CNY -16,493,796.47 million, due to decreased investment payments[16] - The ending cash and cash equivalents balance increased by 45.02% to CNY 281,916,468.72 million, reflecting better cash management practices[18] - The company reported a net decrease in cash and cash equivalents of CNY 6,765,606.94, compared to a much larger decrease of CNY 399,710,989.56 in the prior period[31] - The ending balance of cash and cash equivalents was CNY 281,916,468.72, down from CNY 594,106,735.83 at the beginning of the period[31] Expenses and Impairments - The company recognized a credit impairment loss of ¥12,017,800 due to provisions for accounts receivable from a single customer during the reporting period[6] - Credit impairment losses rose to CNY -12,727,891.45 million, a 141.17% increase year-on-year, mainly due to the provision for bad debts on accounts receivable[15] - The company incurred financial expenses of -¥2,449,585.25 for the year-to-date period, a reduction of 60.01% compared to the same period last year, mainly due to decreased interest income from cash management[13] - Total operating costs increased to ¥307,312,467.29, up 5.3% from ¥291,899,737.65 in the previous period[28] - Research and development expenses were ¥18,054,839.08, slightly down from ¥19,373,093.86 in the previous period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,903[20] - The largest shareholder, Hotkey Electronics (Hong Kong) Limited, holds 58.12% of the shares, totaling 163,752,878 shares[20] - The company has repurchased 343,500 shares at a total cost of 7,196,332 RMB, representing 0.1219% of the total A-share capital[23] - The maximum repurchase price was 25.90 RMB per share, while the minimum was 19.56 RMB per share[23] Other Financial Metrics - The company received government subsidies amounting to ¥102,787.74 in Q3 2025, contributing to the overall financial performance[9] - The fair value change income increased to CNY 55,501.97 million, a 712.77% increase compared to the previous year, primarily due to the accrual of floating income from wealth management products[15] - Other comprehensive income after tax increased to ¥1,488,324.49 from ¥715,762.15 in the previous period[29] - The total comprehensive income for the current period is ¥9,680,442.58, down from ¥34,893,169.74 in the previous period[29] - The financial report for Q3 was not audited, indicating potential areas for further scrutiny[32]

Revenue and Profit - The company's revenue for Q3 2025 was CNY 1,567,034,253.75, a decrease of 1.41% year-on-year, while the total revenue for the first three quarters reached CNY 4,500,785,616.80, down 3.90% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 130,349,021.32, an increase of 32.91% year-on-year, with a total net profit of CNY 348,957,635.71 for the first three quarters, up 13.09%[4] - The company’s basic earnings per share for Q3 2025 was CNY 0.1147, reflecting a growth of 38.03% year-on-year[4] - Net profit for the current period is ¥349,097,398.74, an increase of 13.6% compared to ¥307,296,175.44 in the previous period[23] - Total comprehensive income for the period amounted to ¥349,097,398.74, compared to ¥307,296,175.44 in the previous period, representing an increase of approximately 13.6%[24] - Basic and diluted earnings per share increased to ¥0.3016 from ¥0.26, reflecting a growth of 15.4%[24] Cash Flow and Assets - The company achieved a net cash flow from operating activities of CNY 651,155,472.05 for the first three quarters, reflecting a growth of 33.19% year-on-year[7] - Net cash flow from operating activities was ¥651,155,472.05, up from ¥488,884,289.04, indicating a rise of about 33.3%[27] - Cash inflow from investment activities decreased significantly to ¥1,051,691,663.63 from ¥5,892,173,702.05, a decline of approximately 82.1%[27] - The ending balance of cash and cash equivalents was ¥1,524,879,610.30, down from ¥2,194,396,883.86, a decrease of approximately 30.5%[27] - Cash and cash equivalents decreased from RMB 3,214,862,715.91 to RMB 2,147,564,275.45, a decline of approximately 33.2%[19] - Total assets decreased to ¥11,502,313,637.85 from ¥12,006,436,364.97, a decline of 4.2%[21] - Total liabilities decreased to ¥3,880,842,221.16 from ¥4,357,477,432.70, a reduction of 10.9%[21] - Current assets totaled ¥6,078,404,594.32, down from ¥6,268,466,810.26, a decrease of 3.0%[21] - Non-current assets decreased to ¥5,423,909,043.53 from ¥5,737,969,554.71, a decline of 5.5%[21] - Long-term equity investments decreased to ¥64,314,098.06 from ¥73,828,888.31, a drop of 12.9%[21] Operational Performance - The gross profit margin remained stable despite intensified market competition, showcasing the company's operational resilience[8] - The company opened 196 new stores and upgraded 224 existing stores in the first three quarters, enhancing its retail channel capabilities[8] - The flagship product's share of total sales increased to 28.50%, with a rise in average transaction price[8] - Research and development expenses were ¥160,987,208.16, slightly down from ¥163,770,879.02, a decrease of 1.7%[23] Financial Investments and Borrowings - The company reported a significant increase of 949.07% in trading financial assets, primarily due to the purchase of wealth management products[10] - Trading financial assets increased significantly from RMB 91,625,109.36 to RMB 961,215,601.85, representing a growth of approximately 949.5%[19] - Long-term borrowings increased by 80.72% to CNY 171,680,000.00, attributed to new bank loans[10] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,847[13] - The largest shareholder, Ningbo Lijian Venture Capital Partnership, holds 30.28% of shares, totaling 350,379,778 shares[14] - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 9.08 per share[15] - As of September 30, 2025, the company has repurchased a total of 16,229,900 shares, accounting for 1.40% of the total share capital[15] Certifications and Governance - The company became the first in the industry to obtain aging-friendly product certification, targeting the silver economy market[8] - The company received the Elderly-Friendly Product Certification for its products, marking it as the first in the industry to achieve this certification[17] - The company has adjusted its governance structure by abolishing the supervisory board and revising its articles of association[16]