Financial Performance - The company's operating revenue for the third quarter reached CNY 1,707,036,654, representing a year-on-year increase of 20.97% compared to CNY 1,411,076,600 in the same period last year[6] - The net profit attributable to shareholders decreased by 27.42% to CNY 73,358,044 from CNY 101,069,160 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 45.91% to CNY 60,491,010 compared to CNY 111,829,940 in the same period last year[6] - Basic earnings per share decreased by 27.52% to CNY 0.0432 from CNY 0.0596 in the same period last year[7] - Net profit for the current period was ¥380,321,879.68, representing a decrease of 16.5% from ¥455,194,602.81 in the previous period[31] - Basic earnings per share for the current period was ¥0.1555, down from ¥0.1858 in the previous period[32] - The total comprehensive income for the current period was ¥379,636,633.60, down from ¥454,962,522.89 in the previous period[32] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 38.69% to CNY 660,342,430 from CNY 476,142,579 in the previous year[7] - Cash inflows from operating activities totaled ¥5,765,390,156.04, an increase from ¥4,411,770,987.84 in the previous period[34] - The ending balance of cash and cash equivalents was CNY 2,938,384,076.99, significantly higher than CNY 1,393,516,365.98 at the end of the previous period[35] - Cash inflow from financing activities totaled CNY 6,725,732,335.74, compared to CNY 4,445,793,579.35, leading to a net cash flow from financing activities of CNY 1,803,698,171.71[35] - Cash paid for various taxes amounted to CNY 326,821,346.68, compared to CNY 294,595,978.55 previously[35] Assets and Liabilities - The total assets as of the report date increased by 11.20% to CNY 23,900,392,306.82 from CNY 21,493,516,883.46 at the end of the previous year[7] - The company's total liabilities amounted to CNY 12.91 billion, down from CNY 13.49 billion at the beginning of the period[28] - The company's total equity rose to CNY 10.99 billion, reflecting an increase in share capital to CNY 1.98 billion from CNY 1.70 billion[28] - The total assets and equity amounted to ¥23,900,392,306.82 and ¥10,994,741,682.02 respectively, compared to ¥21,493,516,883.46 and ¥8,001,938,339.28 in the previous period[29] Shareholder Information - The equity attributable to shareholders increased by 32.64% to CNY 8,401,078,915.83 from CNY 6,333,540,649.77 at the end of the previous year[7] - The number of ordinary shareholders at the end of the reporting period was 38,722[19] - The top shareholder, Shenzhen Agricultural and Food Investment Holding Group Co., Ltd., holds 38.67% of the shares, totaling 767,533,498 shares[19] Investment Activities - The company raised a total of approximately CNY 1.96 billion by issuing 287,997,067 A-shares at a price of CNY 6.82 per share, with a net amount of CNY 1.95 billion after deducting issuance costs[22] - The company raised CNY 2,485,445,656.36 from new investments, a significant increase from CNY 7,000,000.00[35] - Cash paid for the acquisition of fixed assets was CNY 1,167,024,612.43, compared to CNY 544,458,645.30 in the previous period[35] Operational Challenges - The company faced increased competition, leading to promotional policies that impacted profitability, particularly in its Nanchang subsidiary[8] - Operating revenue grew by 36.11% year-on-year, while operating costs increased by 52.49%, driven by business expansion and new product categories from subsidiaries[15] - The company reported a 94.09% decrease in asset disposal gains, as there were no similar factors in the current period compared to the previous year[15] Fund Management - The company established a special account for raised funds with designated banks to ensure proper management and usage of the funds[22] - The company utilized CNY 1.3689 billion of temporarily idle raised funds for cash management, with a maximum limit of CNY 1.37 billion for a period of 12 months[24] - The company adjusted the funding allocation for projects, maintaining CNY 855 million for the Guangming Haijixing Phase II project, while reducing the investment for the Changsha Haijixing Phase II project from CNY 520 million to CNY 508.33 million[23] Other Financial Metrics - Cash received from sales of goods and services rose by 36.89% year-on-year, with cash paid for goods and services increasing by 55.59%[16] - Cash inflow from investment income increased by 42.87% year-on-year, mainly due to dividends received from joint ventures[16] - The company reported a negative impact of CNY 697,478.31 from foreign exchange fluctuations on cash and cash equivalents[35]

深圳市长方集团股份有限公司 2025 年第三季度报告 证券代码：300301 证券简称：ST 长方 公告编号：2025-073 （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 深圳市长方集团股份有限公司 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 一、主要财务数据 □是 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 98,804,747.59 | -8.70% | 311,801,654.18 | -17.58% | | 归 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥4,007,500,559.64, representing a year-on-year increase of 58.33%[5] - The total profit for the period was ¥70,042,856.47, with a net profit attributable to shareholders of ¥65,277,958.21[5] - Basic and diluted earnings per share for the third quarter were both ¥0.1101[5] - The net profit attributable to shareholders for the year-to-date period was ¥87,362,400.85, showing a year-on-year increase of 19.11%[5] - The company reported a significant increase in long-term borrowings to RMB 359,440,000.00 from ¥100,000,000.00, representing a growth of 259.4%[18] - Net profit for the current period reached ¥100,129,520.66, a significant recovery from a net loss of ¥131,797,150.47 in the previous year[21] - The total comprehensive income for the period was ¥101,503,958.02, a recovery from a loss of ¥131,095,949.49 in the previous year[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥115,771,074.02, indicating cash outflow[5] - Cash flow from operating activities showed a net outflow of ¥115,771,074.02, an improvement from a net outflow of ¥693,198,384.09 in the previous year[25] - Cash and cash equivalents at the end of the period decreased to ¥840,024,165.06 from ¥1,199,216,095.34, reflecting a decline of approximately 30%[26] - The net cash flow from operating activities was -9,489,005.50 RMB for the first three quarters of 2025, an improvement from -13,746,930.37 RMB in 2024[33] - Cash inflow from operating activities for the first three quarters of 2025 was 156,839,263.44 RMB, significantly up from 61,706,050.06 RMB in 2024, representing an increase of approximately 154%[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,532,641,790.03, reflecting a 10.30% increase from the end of the previous year[6] - Current assets as of September 30, 2025, totaled RMB 6,252,167,042.17, up from RMB 5,387,591,804.84 at the end of 2024, reflecting a growth of 16.1%[16] - Total liabilities as of September 30, 2025, amounted to RMB 6,721,746,992.00, compared to RMB 6,004,758,265.93 at the end of 2024, indicating a growth of 11.9%[18] - Total assets as of September 30, 2025, amounted to CNY 3,884,319,081.97, a decrease from CNY 3,986,058,016.82 as of December 31, 2024[30] - Total liabilities as of September 30, 2025, were CNY 866,967,906.57, an increase from CNY 700,542,730.26 as of December 31, 2024[30] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 9,340,211,891.76, an increase of 19.1% compared to RMB 7,841,600,746.97 in the same period of 2024[20] - Total operating costs increased to ¥9,234,970,977.10 from ¥7,949,250,325.22, representing a growth of approximately 16.2% year-over-year[21] - The company achieved a total revenue of ¥8,832,980,443.13 from sales of goods and services, compared to ¥8,646,153,185.91 in the previous year, marking a growth of about 2.2%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 142,465[12] - The company's basic and diluted earnings per share improved to ¥0.1473 from a loss of ¥0.2261 in the previous year[22] Investment Activities - Investment activities resulted in a net cash outflow of ¥99,557,670.65, contrasting with a net inflow of ¥143,646,385.29 in the same period last year[26] - The company received 754,677,801.00 RMB from investment recoveries in 2025, compared to 400,000,000.00 RMB in 2024, indicating a significant increase[34] Research and Development - Research and development expenses rose to ¥191,210,701.90, up from ¥185,318,202.55, indicating a focus on innovation[21] Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥3,731,820.16, with government subsidies contributing significantly[8] - Financial expenses for the first three quarters of 2025 were CNY 18,929,396.05, compared to CNY 16,732,059.59 in the same period of 2024[32] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 1,487,068.95, compared to CNY 867,442.34 in the same period of 2024[32]

Financial Performance - Q3 2025 revenue was CNY 198,739,228.29, a decrease of 14.14% year-over-year[5] - Net profit attributable to shareholders was CNY -26,947,248.76, an increase of 6.46% compared to the same period last year[5] - Year-to-date net profit attributable to shareholders reached CNY -111,893,091.84, a decrease of 42.83% year-over-year[5] - Total profit (loss) decreased by 40.43% to CNY -109,976,180.17, mainly due to increased R&D investments[10] - Net profit (loss) decreased by 42.83% to CNY -111,893,079.44, attributed to increased R&D expenditures[10] - The net loss for the current period was ¥111,893,079.44, compared to a net loss of ¥78,337,836.91 in the previous period, indicating a deterioration in financial performance[20] Earnings Per Share - Basic and diluted earnings per share for Q3 2025 were CNY -0.0792, reflecting a 6.71% increase year-over-year[5] - Basic and diluted earnings per share decreased by 42.49% to CNY 0.3290, reflecting the impact of increased R&D investments[11] - Basic and diluted earnings per share for the current period were both -¥0.3290, compared to -¥0.2309 in the previous period, indicating a worsening in earnings per share[20] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 2,268,241,657.15, down 8.21% from the end of the previous year[5] - Total current assets amount to 1,258,744,807.73 CNY, an increase from 1,211,633,768.81 CNY at the beginning of the period[17] - Total non-current assets decreased to 1,009,496,849.42 CNY from 1,259,392,664.42 CNY[17] - The total liabilities decreased to ¥529,533,710.03 from ¥635,648,000.55, a reduction of about 16.67%[18] - The total equity attributable to shareholders decreased to ¥1,738,685,829.72 from ¥1,835,356,327.68, a decline of approximately 5.9%[18] Cash Flow - Cash flow from operating activities year-to-date was CNY -250,088,784.85, a decrease of 47.46%[5] - Cash flow from operating activities decreased by 47.46% to CNY -250,088,784.85, primarily due to increased cash payments for goods and services[11] - Cash flow from investing activities decreased by 79.62% to CNY 227,469,178.55, mainly due to reduced cash payments for investments[11] - The company reported a significant decrease in cash received from investment recoveries, totaling $251,315,400.00, compared to $1,317,482,870.70 previously[23] - The company’s cash flow from operating activities remains negative, highlighting ongoing challenges in cash generation[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 101,316[14] - The largest shareholder, Shen Sa, holds 8.12% of shares, totaling 27,623,918 shares, with 9,360,000 shares pledged[14] - The second-largest shareholder, Huabao Zhongzheng Financial Technology Theme ETF, holds 1.64% of shares, totaling 5,575,908 shares[14] Research and Development - Unallocated profits decreased by 31.78% to CNY -463,973,121.71 primarily due to increased R&D expenditures[10] - Research and development expenses rose to ¥144,719,751.67, up from ¥125,611,630.78, reflecting an increase of approximately 15.2%[19] - Interest expenses increased by 128.35% to CNY 1,577,683.84 due to higher bank loan interest payments compared to the previous period[10] - Total comprehensive income attributable to shareholders decreased by 42.84% to CNY -111,894,299.97, primarily due to increased R&D expenditures[10]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,521,263,503.94, representing a year-over-year increase of 25.33%[3] - Total profit for the period was ¥462,672,757.90, reflecting a growth of 39.38% compared to the same period last year[3] - Net profit attributable to shareholders was ¥431,233,006.33, up by 35.42% year-over-year[3] - The company reported a year-to-date revenue of ¥4,178,385,237.73, which is a 15.21% increase compared to the same period last year[3] - Operating profit for the first three quarters of 2025 was CNY 1,237,453,845.13, up from CNY 1,093,303,761.86 in 2024, reflecting a growth of 13.2%[20] - Net profit for the first three quarters of 2025 was CNY 1,163,838,283.80, compared to CNY 1,039,976,238.39 in 2024, representing an increase of 11.9%[20] - Total comprehensive income for the period attributable to the parent company was CNY 1,167,869,208.17, an increase from CNY 1,040,264,464.14 in the previous year, representing a growth of approximately 12.2%[21] Earnings and Shareholder Returns - Basic earnings per share for the period were ¥0.93, a rise of 34.78% compared to the same quarter last year[4] - Basic earnings per share increased to CNY 2.55 from CNY 2.25, reflecting a growth of 13.3% year-over-year[21] - Net profit attributable to the parent company was RMB 431 million, up 35.42% year-on-year[13] Cash Flow and Liquidity - The cash flow from operating activities amounted to ¥538,244,189.30, an increase of 19.30% from the previous year[3] - Net cash flow from operating activities for the first three quarters of 2025 was CNY 1,276,591,802.13, up from CNY 1,079,485,161.69 in the same period of 2024, indicating an increase of about 18.3%[23] - Cash inflow from operating activities totaled CNY 4,792,787,728.45, compared to CNY 4,080,951,564.68 in the previous year, marking an increase of approximately 17.5%[23] - Cash outflow from operating activities was CNY 3,516,195,926.32, up from CNY 3,001,466,402.99, which is an increase of around 17.1%[23] - The company reported a decrease in cash and cash equivalents to CNY 581,506,939.61 as of September 30, 2025, down from CNY 897,936,293.08 at the end of 2024[16] - Cash and cash equivalents at the end of the period stood at CNY 578,769,939.61, slightly up from CNY 540,618,759.22 year-over-year[24] Research and Development - Research and development expenses totaled ¥536,160,047.41, accounting for 35.24% of revenue, a decrease of 2.17 percentage points[4] - Research and development expenses for the first three quarters of 2025 were CNY 1,494,691,043.63, up from CNY 1,261,587,792.71 in 2024, reflecting a growth of 18.5%[20] Assets and Liabilities - Total assets at the end of the period were ¥16,633,808,400.07, representing a 4.53% increase from the end of the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 16,633,808,400.07, up from CNY 15,912,888,756.23 at the end of 2024, indicating a growth of 4.5%[18] - Total liabilities as of September 30, 2025, were CNY 4,504,649,916.31, slightly increased from CNY 4,476,319,129.69 at the end of 2024[18] - Current assets totaled CNY 7,869,173,208.64 as of September 30, 2025, compared to CNY 6,104,701,854.86 at the end of 2024, marking a significant increase of 28.9%[17] - The company’s equity attributable to shareholders increased to CNY 12,129,158,483.76 as of September 30, 2025, compared to CNY 11,355,557,559.61 at the end of 2024, showing a growth of 6.8%[18] Business Segments and Growth - WPS personal business revenue reached RMB 899 million, growing 11.18% year-on-year[14] - The number of global monthly active devices for WPS Office was 669 million, an increase of 8.83% year-on-year[14] - WPS 365 business revenue surged to RMB 201 million, reflecting a 71.61% year-on-year growth[14] - The software business revenue was RMB 391 million, marking a 50.52% increase year-on-year[14] - The number of monthly active devices for WPS Office PC version was 316 million, up 14.05% year-on-year[14] - The number of monthly active devices for WPS Office mobile version was 353 million, growing 4.54% year-on-year[14] - The company continues to enhance its AI product offerings, contributing to user growth and revenue stability[14] - The company is actively promoting its AI products in government sectors, supporting digital transformation initiatives[14] Cash Flow from Investments and Financing - Net cash flow from investing activities was -CNY 871,021,219.43, an improvement from -CNY 3,528,240,256.38 in the previous year, indicating a reduction in cash outflow by approximately 75.3%[24] - Total cash inflow from investment activities was CNY 7,651,834,314.91, down from CNY 10,187,016,675.01, reflecting a decrease of about 25.0%[23] - Total cash outflow from investment activities was CNY 8,522,855,534.34, compared to CNY 13,715,256,931.39 in the previous year, showing a decrease of approximately 37.5%[24] - Net cash flow from financing activities was -CNY 721,520,555.75, worsening from -CNY 484,418,781.44 in the previous year, indicating a decline of about 48.9%[24]

Financial Performance - The company's operating revenue for the third quarter was ¥737,905,449.40, a decrease of 2.45% compared to the same period last year[4]. - Total profit for the quarter was ¥160,354,971.90, down 54.43% year-on-year[4]. - Net profit attributable to shareholders was ¥157,394,555.39, reflecting a 51.93% decline compared to the previous year[4]. - Basic and diluted earnings per share were both ¥0.12, a decrease of 53.85% from the same quarter last year[5]. - The weighted average return on equity was 1.55%, a decrease of 1.73 percentage points year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥137,532,446.47, an increase of 15.65% year-on-year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 2,151,891,560.06, a slight decrease of 0.79% compared to CNY 2,169,072,562.55 in the same period of 2024[23]. - Operating profit for the first three quarters of 2025 was CNY 571,122,605.55, representing an increase of 7.66% from CNY 530,576,285.04 in 2024[24]. - Net profit attributable to shareholders of the parent company reached CNY 534,771,257.69, up 12.66% from CNY 474,705,874.56 in the previous year[25]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.42, an increase from CNY 0.38 in 2024[25]. Assets and Liabilities - Total assets increased to ¥12,651,083,731.85, up 2.54% from the end of the previous year[5]. - As of September 30, 2025, the company's total assets amounted to RMB 12.65 billion, an increase from RMB 12.34 billion at the end of 2024, reflecting a growth of approximately 2.6%[20]. - The company's current assets reached RMB 3.33 billion, up from RMB 2.94 billion at the end of 2024, indicating a growth of about 13.2%[20]. - The company's long-term equity investments decreased to RMB 1.54 billion from RMB 1.58 billion, a decline of approximately 2.2%[20]. - The company's total liabilities were RMB 1.10 billion, compared to RMB 1.05 billion at the end of 2024, representing an increase of about 5.1%[21]. - Total liabilities increased to CNY 1,460,123,780.27, up from CNY 1,357,658,645.17 in the previous year[22]. - Total equity attributable to shareholders of the parent company was CNY 10,201,357,506.24, an increase from CNY 10,004,903,701.33 year-over-year[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 88,782[14]. - Zhejiang Newspaper Media Holding Group Co., Ltd. holds 33.03% of shares, totaling 418,873,836 shares[15]. - The second largest shareholder, Zhejiang Newspaper Media Holding Group Co., Ltd. - 2025, holds 15.77% with 200,000,000 shares pledged[15]. - The top ten shareholders include state-owned entities and individuals, with the smallest holding being 6,955,100 shares or 0.55%[15]. - The company has not engaged in any share lending or borrowing activities during the reporting period[16]. - The report indicates no changes in the top ten shareholders compared to the previous period[16]. - The company has a significant portion of its shares held by institutional investors, indicating strong market interest[15]. - The total number of shares held by the top ten unrestricted shareholders is substantial, reflecting a stable shareholder base[15]. Cash Flow and Investments - Net cash flow from operating activities was $323,954,222.55, compared to a negative cash flow of -$182,021,486.24 in the previous period, indicating a significant improvement[27]. - Total cash inflow from investment activities was $2,482,857,476.05, a substantial increase from $279,021,720.32 in the prior period[27]. - Net cash flow from investment activities was -$419,112,674.74, down from $51,656,175.19, reflecting increased investment expenditures[28]. - Cash inflow from financing activities totaled $188,121,693.30, compared to $14,765,000.00 in the previous period, showing a strong increase in financing efforts[28]. - Net cash flow from financing activities was -$205,564,141.21, an improvement from -$773,700,444.34, indicating better management of financing costs[28]. - Cash received from sales of goods and services was CNY 3,478,045,603.12, an increase of 7.34% compared to CNY 3,240,930,693.04 in the same period of 2024[26]. - Cash received from operating activities totaled $3,689,710,935.61, an increase from $3,415,962,640.71, demonstrating growth in operational efficiency[27]. - Total cash outflow from operating activities was $3,365,756,713.06, a decrease from $3,597,984,126.95, indicating improved cost control[27]. - Cash received from investment income was $27,710,762.05, down from $92,033,337.90, suggesting a decline in investment returns[27]. - Cash paid for fixed assets and other long-term assets was $127,919,581.01, an increase from $83,806,846.00, reflecting ongoing capital expenditures[27]. Operational Insights - The company reported a total of ¥43,347,958.55 in fair value changes from financial assets during the period[8]. - Non-recurring gains and losses amounted to ¥19,862,108.92 for the quarter[9]. - The company attributed the decline in profits primarily to the fair value changes of its investment in Hebei Broadcasting Network Co., Ltd., which was listed on the Shenzhen Stock Exchange[12]. - The company received a total distribution amount of RMB 7.00 million from its partnerships as of the reporting period[17]. - The company issued RMB 1.4 billion in exchangeable bonds with a term of 3 years, set to enter the conversion period on October 16, 2025[17]. - The company's inventory increased to RMB 133.08 million from RMB 85.36 million, reflecting a growth of approximately 55.8%[20]. - The company's contract liabilities rose to RMB 381.54 million, up from RMB 302.27 million, indicating an increase of about 26.2%[21]. - The company reported a decrease in non-current assets to RMB 9.32 billion from RMB 9.39 billion, a decline of approximately 0.7%[21]. - The report highlights the importance of monitoring the company's operational status during the reporting period[16]. - The company is involved in partnerships with investment funds, although specific details on progress were not disclosed[16].

Revenue and Profit - The company's operating revenue for the third quarter was ¥71,620,476.71, a decrease of 32.49% compared to the same period last year[4] - Year-to-date revenue reached ¥500,158,411.86, reflecting an increase of 68.17% year-on-year[4] - The total profit for the third quarter was -¥2,617,047.76, with a year-to-date total profit of -¥145,779,217.21[4] - The net profit attributable to shareholders for the third quarter was -¥21,325,820.19, and year-to-date it was -¥130,167,329.21[4] - Total operating revenue for the first three quarters of 2025 reached CNY 500,158,411.86, a significant increase from CNY 297,412,515.59 in the same period of 2024, representing a growth of approximately 68.1%[21] - The net loss for the first three quarters of 2025 was CNY 144,822,199.67, worsening from a net loss of CNY 87,426,050.25 in the same period of 2024[21] - The company reported a total comprehensive loss of CNY -145,029,255.67 for the first three quarters of 2025, compared to a loss of CNY -87,852,851.37 in 2024[22] Research and Development - Research and development expenses totaled ¥27,715,760.14 for the quarter, representing a decrease of 16.90% year-on-year[5] - R&D expenses accounted for 38.70% of operating revenue in the current quarter, an increase of 7.26 percentage points compared to the previous year[5] Assets and Liabilities - Total assets at the end of the quarter were ¥1,413,381,246.71, down 20.76% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥771,646,002, a decrease from ¥1,124,789,508.85 at the end of 2024[16] - Total non-current assets amount to ¥641,735,244.71, down from ¥658,897,414.69[17] - Total assets decreased to ¥1,413,381,246.71 from ¥1,783,686,923.54[17] - The total liabilities decreased from CNY 646,908,015.53 in the previous year to CNY 415,783,326.14 in the current year, reflecting a reduction of approximately 35.7%[18] - The total equity attributable to shareholders decreased from CNY 1,121,725,032.80 in 2024 to CNY 994,048,915.82 in 2025, a decline of about 11.4%[18] Cash Flow - The net cash flow from operating activities for the first three quarters of 2025 was negative CNY 211,093,458.72, slightly improved from negative CNY 220,723,423.90 in 2024[24] - The company reported a significant increase in cash inflow from operating activities, totaling CNY 4,352,866,528.96 in 2025 compared to CNY 368,388,994.36 in 2024[24] - Net cash flow from investing activities was -$30.28 million, compared to -$19.50 million in the previous period[25] - Total cash inflow from financing activities was $183.79 million, up from $143.36 million year-over-year[25] - The net cash flow from financing activities was -$31.62 million, contrasting with a positive $42.31 million last year[25] - The ending cash and cash equivalents balance was $166.70 million, down from $119.60 million in the previous year[25] - The company experienced a negative impact of -$677,238.87 from foreign exchange fluctuations on cash and cash equivalents[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,479[13] - The largest shareholder, Zhong Zhu, holds 23.69% of shares, totaling 18,204,578 shares, with 756,000 shares frozen[14] Other Financial Metrics - The weighted average return on equity was -1.96%, a decrease of 0.28 percentage points year-on-year[5] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -1.69, compared to CNY -1.07 in the same period of 2024[22] - The company incurred a credit impairment loss of CNY -8,101,228.53 in 2025, compared to a loss of CNY -33,947,434.74 in 2024, indicating a reduction in credit losses[21] Government Subsidies - The company received government subsidies amounting to ¥4,644,609.32, primarily related to VAT refunds on software[9] Project Acceptance - The decline in operating revenue was attributed to incomplete project acceptance during the reporting period[11] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥206,735,056.42 from ¥467,517,111.00[16] - Accounts receivable decreased to ¥412,805,200.61 from ¥543,611,685.46[16] - Short-term borrowings decreased to ¥185,795,597.00 from ¥195,127,170.55[17] - Accounts payable decreased to ¥84,142,575.70 from ¥171,011,278.72[17] - Other payables decreased significantly to ¥2,745,583.07 from ¥110,331,059.81[17] Accounting Standards - The company will not apply new accounting standards starting from 2025[26]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥448,224,693.64, representing a year-on-year increase of 33.74%[4] - Net profit attributable to shareholders was ¥43,364,093.74, a significant increase of 670.47% compared to the same period last year[4] - The basic earnings per share (EPS) for the quarter was ¥0.52, reflecting a 684.31% increase year-on-year[4] - The company reported a 34.81% increase in total operating revenue for the first nine months of 2025, totaling ¥1,268,065,620.74[7] - Total operating revenue for the current period reached ¥1,268,065,620.74, a significant increase from ¥940,625,753.98 in the previous period, representing a growth of approximately 35%[19] - The company's net profit for the current period is 105,467,417.21 CNY, compared to 50,030,030.98 CNY in the previous period, representing a growth of 110.9%[20] - The total comprehensive income for the current period is 150,901,704.59 CNY, up from 37,374,192.59 CNY in the previous period, indicating a significant increase of 302.5%[20] - The company reported sales revenue from goods and services of 929,352,946.90 CNY, compared to 596,019,628.59 CNY in the previous period, marking an increase of 55.8%[21] - The basic and diluted earnings per share for the current period are both 1.28 CNY, compared to 0.61 CNY in the previous period, showing an increase of 109.8%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,284,200,307.10, up 16.25% from the end of the previous year[4] - Accounts receivable increased by 31.04% to ¥681,968,321.71, primarily due to business expansion in Q3[7] - Total liabilities increased to ¥913,502,303.46 from ¥712,384,387.78, representing a growth of around 28.2%[17] - Non-current assets totaled ¥918,775,594.68, up from ¥796,410,389.78, showing an increase of approximately 15.4%[17] - The total equity attributable to shareholders rose to ¥1,366,300,198.55 from ¥1,246,906,387.98, an increase of about 9.6%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥187,068,395.86, a remarkable increase of 2,729.40% compared to the same period last year[4] - Operating cash flow for the current period is 187,068,395.86 CNY, a turnaround from a negative cash flow of -7,114,500.22 CNY in the previous period[21] - The company's cash and cash equivalents decreased to ¥171,849,500.55 from ¥183,877,108.11, reflecting a decline of about 6%[16] - Cash and cash equivalents at the end of the period amount to 167,558,347.69 CNY, down from 238,167,851.51 CNY at the end of the previous period, reflecting a decrease of 29.6%[22] - The net cash flow from investing activities is -138,314,769.06 CNY, a decrease from 69,531,627.83 CNY in the previous period, indicating a decline in investment cash flow[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,243[10] - The largest shareholder, Lu Wenbo, holds 34.01% of shares, totaling 28,854,800 shares[10] - The second-largest shareholder, Yin Ao Jin, holds 8.20% of shares, totaling 6,955,200 shares[10] - The company has a total of 870,775 shares held in a repurchase account, accounting for 1.03% of total share capital[12] - The total number of restricted shares at the end of the period is 39,598,700[12] - The top ten shareholders hold a significant portion of shares, with the largest three shareholders alone holding over 49%[10] Investments and Expansion - The company purchased land for a production base in Mexico for a total price of 47,344,737.44 Mexican Pesos[13] - The new factory in Mexico is expected to be operational in the fourth quarter of 2024[13] - The company has completed the foundation construction of the new factory in Mexico, with soft decoration projects currently underway[13] - The company plans to continue expanding its market presence through strategic investments and new projects[13] Operating Costs and Expenses - Total operating costs amounted to ¥1,141,521,464.91, up from ¥895,225,805.63, indicating an increase of around 27.5%[19] - The company incurred total operating expenses of 749,582,013.34 CNY, compared to 626,384,613.79 CNY in the previous period, which is an increase of 19.6%[21] - Research and development expenses for the current period were ¥56,048,194.14, compared to ¥44,915,490.29 in the previous period, reflecting an increase of approximately 24.8%[19] Financial Reporting - The company has not undergone an audit for the third quarter financial report[23] - The board of directors meeting was held on October 28, 2025, to discuss the financial results[24]

Financial Performance - The company's revenue for Q3 2025 was CNY 294,509,269.40, representing a year-over-year increase of 6.11%[5] - The net profit attributable to shareholders decreased by 5.36% to CNY 58,923,652.48 for the quarter, and year-to-date net profit fell by 25.79% to CNY 81,655,566.59[5] - The basic earnings per share for Q3 2025 was CNY 0.66, down 4.35% compared to the same period last year[5] - The total revenue for the current period reached RMB 649.92 million, representing an increase of 7.79% compared to RMB 602.53 million in the previous period[28] - The net profit for the current period was RMB 77.03 million, a decrease of 30.05% from RMB 110.22 million in the previous period[29] - Basic and diluted earnings per share were both reported at ¥0.91, compared to ¥1.22 in the previous period, indicating a decline of about 25%[30] - The company's total comprehensive income attributable to the parent company was ¥81,655,566.59, down from ¥110,026,654.44, reflecting a decrease of approximately 26%[30] Assets and Liabilities - Total assets increased by 12.25% to CNY 2,997,187,833.58 compared to the end of the previous year[5] - As of September 30, 2025, the total assets amounted to RMB 2.997 billion, an increase from RMB 2.670 billion at the beginning of the period, reflecting a growth of approximately 12.24%[24][26] - The company's total liabilities increased significantly, with current liabilities rising by 171.76% to CNY 6,755,256.94, attributed to the increase in commercial acceptance bills[10] - The total current liabilities increased to RMB 898.03 million from RMB 592.90 million, an increase of 51.49%[26] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 122,805,432.35, an increase of 52.97%[5] - Cash received from operating activities increased by 210.14% to ¥65,437,026.02, primarily due to the recovery of restricted funds[13] - Cash paid for operating activities rose by 116.73% to ¥157,507,921.99, mainly attributed to an increase in restricted funds[13] - The company's net cash flow from operating activities increased to ¥122,805,432.35, up from ¥80,279,707.77 in the previous period, representing a growth of approximately 53%[31] - Total cash inflow from operating activities reached ¥907,364,536.04, compared to ¥676,489,903.32 in the prior year, indicating a year-over-year increase of about 34%[32] - Cash flow from financing activities generated a net inflow of ¥158,016,868.84, significantly higher than the previous year's net inflow of ¥35,591,677.75, marking an increase of over 344%[33] Investments and Shareholder Actions - The company plans to invest approximately RMB 1.41 billion in establishing a joint venture in the Democratic Republic of the Congo to build a photovoltaic energy storage project, with the company's investment not exceeding RMB 1.128 billion[22] - The company repurchased a total of 339,500 shares, accounting for 0.38% of the total share capital, with a total transaction amount of ¥20,009,800 (excluding transaction fees)[19][20] - The maximum repurchase price was adjusted to ¥61.20 per share after the 2024 annual equity distribution[19] - Major shareholder Zhang Dingwu holds 59.75% of the shares, totaling 53,777,250 shares[16] - The company plans to reduce the holdings of Vice Chairman Zhang Dingkai by up to 776,250 shares, representing 0.8658% of the total share capital[21] Accounts Receivable and Inventory - The accounts receivable rose by 32.45% to CNY 482,677,597.02, indicating an increase in outstanding payments[10] - The accounts receivable rose to RMB 482.68 million, up from RMB 364.42 million, marking an increase of 32.41%[24] - The company's inventory increased to RMB 143.77 million from RMB 119.68 million, reflecting a growth of 19.99%[24] Financial Expenses and Impairments - The company recorded a 771.82% increase in credit impairment losses, amounting to CNY -5,956,475.17, reflecting higher provisions for bad debts[12] - The company’s financial expenses surged by 133.56% to CNY 3,376,021.40, mainly due to increased interest expenses[12]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,714,645,192.04, representing a 15.99% increase year-over-year, while the year-to-date revenue was ¥5,655,455,693.72, up 33.58% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was ¥86,419,224.07, a 2.48% increase year-over-year, with a year-to-date net profit of ¥276,808,649.60, reflecting a 41.75% growth compared to the previous year[5] - The company reported a basic earnings per share of ¥0.1458 for Q3 2025, which is a 2.50% increase year-over-year, and a year-to-date earnings per share of ¥0.4686, up 42.26% from the same period last year[5] - Total operating revenue for Q3 2025 reached ¥5,655,455,693.72, an increase of 33.6% compared to ¥4,233,662,626.68 in Q3 2024[27] - Net profit for Q3 2025 was ¥276,808,649.60, representing a 41.7% increase from ¥195,274,612.78 in Q3 2024[29] - The total comprehensive income for the period reached CNY 277,654,941.71, compared to CNY 195,275,386.77 in the previous period, reflecting an increase of approximately 42.1%[31] - Basic and diluted earnings per share increased to 0.4686 from 0.3294, representing a growth of about 42.3%[31] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥9,463,304,573.80, marking a 15.87% increase from the end of the previous year[5] - The company’s accounts receivable increased by 46.53% year-to-date, reaching ¥3,405,534,647.16, primarily due to an increase in export letter of credit business[10] - Total liabilities increased to ¥6,344,374,228.59, up 21.5% from ¥5,223,498,318.32 in Q3 2024[26] - The company’s total liabilities included a significant increase in accounts payable, which rose by 32.97% to ¥1,939,530,663.83, attributed to increased material procurement[10] - The total equity attributable to shareholders reached ¥3,118,930,345.21, an increase of 5.9% from ¥2,943,842,050.84 in Q3 2024[26] Cash Flow and Investments - The company’s cash flow from operating activities for the year-to-date period was ¥449,383,358.96, showing a significant decline of 56.79% compared to the previous year[5] - Cash paid for debt repayment was 483 million, reflecting a 100% decrease compared to the previous period[17] - Cash dividends and interest payments increased by 70.67%, totaling approximately 47.25 million[17] - Cash flow from operating activities saw an increase due to the recovery of performance bonds[17] - Cash paid for fixed asset investments increased, indicating higher capital expenditures during the reporting period[17] - Net cash flow from operating activities was CNY 449,383,358.96, down from CNY 1,039,963,392.76, indicating a decrease of approximately 56.7%[34] - Cash outflow from investing activities was CNY 605,911,439.24, significantly higher than CNY 157,540.22 in the previous period, indicating a substantial increase in investment spending[34] - Cash flow from financing activities resulted in a net outflow of CNY 27,241,998.83, compared to a net outflow of CNY 510,685,483.81 in the previous period, showing an improvement in financing activities[34] - The company received CNY 90,000,000.00 from borrowings during the financing activities, indicating ongoing efforts to secure funding[34] Research and Development - Research and development expenses for the year-to-date period were ¥192,670,464.99, an increase of 35.69% compared to the previous year, indicating a focus on new product development[12] - Research and development expenses for the quarter were ¥192,670,464.99, a 35.6% increase from ¥141,994,763.95 in the previous year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 70,488[19] - The largest shareholder, China National Heavy Duty Truck Group, holds 21.07% of shares, totaling 124,941,288 shares[19] Other Financial Information - The company reported a total of ¥11,741,903.54 in non-recurring gains and losses for Q3 2025, with government subsidies contributing ¥7,299,160.30 to this total[6] - The company did not undergo an audit for the third quarter financial report, which may affect the perception of financial reliability[35] - The company has not applied the new accounting standards for the current year, maintaining consistency in financial reporting practices[35]