山煤国际能源集团股份有限公司 2025 年第三季度报告 证券代码：600546 证券简称：山煤国际 山煤国际能源集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 1 / 15 山煤国际能源集团股份有限公司 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 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 2 / 15 单位：元 币种：人民币 项目 本报告期 本报告期比上年同期增 减变动幅度(%) 年初至报告期末 年初至报告期末比上年 同期增减变动幅度(%) 营业收入 5,672,551,013.76 -28.27 15,332,467,845.71 -30.20 利润总额 1,202,036,961.79 -28.09 2,571,826,989.29 -39.77 归属于上市公司股东的净利润 391,327,566.77 -50.53 1,046,303,416.97 -49.74 归属于上市公司股东的扣除非经常性损 益的净利润 406,056,7 ...

Financial Performance - The company's operating revenue for the third quarter was ¥306,996,940.74, a decrease of 31.51% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥137,528,243.68, representing a decline of 307.36% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥140,936,592.82, down 310.41% from the previous year[5]. - The basic earnings per share were -¥0.07, a decrease of 333.33% year-on-year[5]. - The net profit for the current period is -294,793,727.25, compared to -192,436,651.32 in the previous period, indicating a significant increase in losses[36]. - The total comprehensive income for the current period is -288,502,991.34, compared to -192,370,528.83 in the previous period[36]. - The basic and diluted earnings per share are both -0.16, compared to -0.11 in the previous period[36]. - The net cash flow from operating activities was -¥128,935,292.87, a decline of 126.25% compared to the same period last year[5]. - Cash inflow from operating activities is 1,000,248,198.83, down from 2,063,173,836.79 in the previous period[38]. - The net cash flow from operating activities is -128,935,292.87, a decline from 491,257,413.69 in the previous period[38]. - The net cash flow from financing activities is -80,623,718.80, an improvement from -874,822,296.92 in the previous period[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,386,279,837.75, a decrease of 11.01% from the end of the previous year[5]. - The total liabilities decreased to ¥4,853,921,962.12 from ¥5,226,132,315.10, a reduction of about 7.1%[34]. - The total current assets decreased to ¥3,289,506,581.26 from ¥3,929,536,551.15, a decline of approximately 16.3%[32]. - The total equity attributable to shareholders decreased by 36.06% to ¥522,645,336.43 compared to the end of the previous year[5]. - The total equity attributable to shareholders decreased to ¥522,645,336.43 from ¥817,361,197.72, a decline of approximately 36.1%[34]. Shareholder Information - Chengdu Xingcheng Investment Group Co., Ltd. holds 29.27% of the shares, amounting to 528,632,766 shares, with 226,556,889 shares pledged[12]. - Wu Yanwei, an individual shareholder, owns 11.22% of the shares, totaling 202,585,307 shares, with no shares pledged[12]. - The total number of shareholders holding more than 5% of the shares includes Chengdu Xingcheng Investment Group and Wu Yanwei[12]. Financing Activities - The company issued the first phase of medium-term notes in 2020 with a total scale of 800 million RMB, and as of August 2023, 790 million RMB principal and interest have been repaid[15][16]. - In 2023, the company registered to issue medium-term notes up to 1 billion RMB, with the first phase of 500 million RMB issued on August 25, 2023[16]. - The company has approved a borrowing agreement with its controlling shareholder, Chengdu Xingcheng Group, for up to 1 billion RMB, with a fixed interest rate of 3.744%[16]. - The company has pledged 22% equity in Beijing Changdao Municipal Engineering Group Co., Ltd. as collateral for the borrowing agreement[16]. - The company plans to optimize its financial structure and reduce financing costs through the issuance of medium-term notes[15]. - The company has completed the repayment of 50 million RMB borrowed from Chengdu Xingcheng Group[16]. - The company borrowed RMB 66 million from Chengdu Xingcheng Group with a fixed annual interest rate of 3.804% and has repaid the principal and interest ahead of schedule[17]. - The company approved an additional borrowing limit of RMB 800 million from Chengdu Xingcheng Group, with a borrowing term of 1 year and an average annual interest rate not exceeding LPR plus 150 basis points[18]. - The company agreed to provide a total guarantee of up to RMB 2 billion for bank loans or other financing for itself and its subsidiaries, with a guarantee fee rate not exceeding 1.0% per year for the portion exceeding the shareholding ratio[19]. Project and Contract Information - The company reported a significant decrease in new contracts due to market competition, impacting both revenue and costs[9]. - The company’s wholly-owned subsidiary won a bid for the Urumqi Airport expansion project, with a construction contract signed for the project[20]. - The company’s wholly-owned subsidiary provided a pledge guarantee of RMB 398.39 million in accounts receivable for a credit limit application of up to RMB 320 million[23]. - The company’s subsidiary was selected for the construction of the Three Ring Road expansion project, with a bid amount of RMB 12.40 million[23]. Legal and Compliance Issues - The cumulative amount of newly added litigation and arbitration cases from March 19, 2025, to the latest announcement is CNY 222.45 million, accounting for 9.95% of the company's latest audited net assets[25]. - The cumulative amount of newly added litigation and arbitration cases from May 14, 2025, to the latest announcement is CNY 90.33 million, accounting for 11.14% of the company's latest audited net assets[26]. - The cumulative amount of newly added litigation and arbitration cases from June 27, 2025, to the latest announcement is CNY 69.70 million, accounting for 8.60% of the company's latest audited net assets[27]. - The cumulative amount of newly added litigation and arbitration cases from August 27, 2025, to the latest announcement is CNY 105.96 million, accounting for 13.07% of the company's latest audited net assets[29]. Research and Development - The company reported a significant increase in research and development expenses to ¥44,758,515.89 from ¥51,473,518.32, a decrease of about 13.0% year-over-year[35]. Cash Flow and Liquidity - Cash and cash equivalents decreased to ¥262,652,685.16 from ¥457,232,195.15, a decline of approximately 42.5%[32]. - The ending cash and cash equivalents balance is 172,864,210.38, down from 357,240,049.39 in the previous period[40]. - Cash inflow from financing activities is 1,493,598,660.92, compared to 950,989,554.00 in the previous period[40]. - Other comprehensive income after tax for the current period is 6,290,735.91, significantly higher than 66,122.49 in the previous period[36].

Revenue and Profit - The company's revenue for the third quarter was ¥8,174,336,700.05, a decrease of 52.66% compared to the same period last year[3] - Net profit attributable to shareholders was ¥2,019,334,151.76, down 65.62% year-on-year[3] - Basic earnings per share decreased to ¥0.520, a decline of 65.63% compared to ¥1.513 in the same quarter last year[6] - Total operating revenue decreased to ¥60,945,321,083.57 from ¥67,915,580,112.25, representing a decline of approximately 8.8% year-over-year[15] - Operating profit fell to ¥29,474,797,808.64 compared to ¥34,511,821,416.23, reflecting a decline of approximately 14.4% year-over-year[16] - Net profit decreased to ¥22,211,853,938.77 from ¥25,941,110,519.45, a drop of around 14.1% year-over-year[17] - Earnings per share (EPS) decreased to ¥5.542 from ¥6.423, indicating a decline of approximately 13.7% year-over-year[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥181,073,423,202.77, representing a decrease of 3.81% from the end of the previous year[3] - The total liabilities amounted to ¥34,872,936,995.66, down from ¥51,857,424,971.48, a reduction of about 32.7%[16] - Current assets decreased from CNY 165,783,297,845.86 to CNY 157,724,237,825.82, reflecting a decline of approximately 4.3%[12] - The total current liabilities decreased from CNY 51,026,506,357.06 to CNY 34,373,163,809.18, a reduction of approximately 32.5%[13] - The company's accounts payable decreased from CNY 9,076,595,227.75 to CNY 8,679,053,511.82, reflecting a decline of about 4.4%[13] Cash Flow - The company reported a cash flow from operating activities of ¥28,247,488,416.94, a decrease of 5.19% year-to-date[3] - Cash flow from operating activities was ¥76,608,043,515.75, slightly down from ¥77,859,685,171.17, a decrease of about 1.6% year-over-year[18] - The net cash flow from operating activities was $28,247,488,416.94, a decrease of 5.2% compared to the previous period[19] - Total cash inflow from operating activities amounted to $78,430,953,024.66, while cash outflow was $50,183,464,607.72, resulting in a net cash inflow of $28,247,488,416.94[19] - Cash flow from investing activities showed a net outflow of $1,498,530,538.36, reflecting a decrease in investment activities compared to the previous period[19] - The total cash inflow from financing activities was $46,080,668.01, while total cash outflow was $18,951,307,119.54, leading to a net cash outflow of $18,951,307,119.54[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 666,853[9] - The largest shareholder, Yibin Development Holding Group Co., Ltd., holds 34.43% of the shares[9] Market Conditions and Company Strategy - The decline in revenue was primarily due to the deep adjustment period in the liquor industry and insufficient recovery of effective demand[6] - The company increased its investment in response to market changes, contributing to the decline in net profit[7] - The company has not reported any new product developments or market expansion strategies in the provided data[12][13] - There is no mention of mergers or acquisitions in the current financial report[12][13] Other Financial Metrics - The weighted average return on equity was 1.43%, a decrease of 2.97 percentage points compared to the same period last year[3] - Total operating costs reduced to ¥31,612,218,311.25 from ¥33,665,334,544.84, a decrease of about 6.1% year-over-year[15] - Total equity increased to ¥146,200,486,207.11 from ¥136,394,793,732.69, reflecting an increase of approximately 7.3%[16] - Research and development expenses rose to ¥318,925,867.64 from ¥250,817,550.34, an increase of about 27.2% year-over-year[16] - Deferred income increased to ¥249,633,760.00 from ¥242,976,829.32, showing a growth of approximately 2.7%[16]

Financial Performance - The company's operating revenue for the third quarter reached ¥7,681,837,448.05, representing a year-on-year increase of 1.92%[4] - The total profit for the third quarter was ¥3,601,031,417.47, showing a decline of 4.66% compared to the same period last year[4] - The net profit attributable to shareholders was ¥2,930,396,516.17, down 4.12% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.15, a decrease of 6.25% compared to the previous year[5] - Net profit for the first three quarters of 2025 reached ¥8.16 billion, compared to ¥7.77 billion in the same period of 2024, reflecting an increase of approximately 5.0%[20] - Operating revenue for the first three quarters of 2025 was ¥20.64 billion, up from ¥19.42 billion in 2024, marking a growth of about 6.3%[19] - Basic earnings per share for the period were ¥0.40, compared to ¥0.38 in the previous year, indicating an increase of approximately 5.3%[21] - Operating profit for the first three quarters of 2025 was ¥9.44 billion, slightly up from ¥9.06 billion in 2024, reflecting an increase of about 4.2%[20] - The company reported a total comprehensive income of ¥8.13 billion for the period, compared to ¥7.61 billion in the previous year, an increase of about 6.3%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥225,177,623,040.64, reflecting an increase of 4.93% from the end of the previous year[5] - Total assets increased to ¥225.18 billion from ¥214.61 billion, representing a growth of approximately 4.8% year-over-year[17] - Total liabilities rose to ¥137.99 billion, up from ¥135.44 billion, indicating a year-over-year increase of about 1.9%[17] - Total liabilities amounted to CNY 83,769,406,308.06, slightly down from CNY 84,403,205,303.52 in the previous year[30] - Total equity increased to CNY 76,883,859,425.82 from CNY 70,039,524,120.83, reflecting a growth of approximately 9.8%[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 98,595[12] - The largest shareholder, China Huaneng Group Co., Ltd., holds 9,072,000,000 shares, representing 50.40% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status[14] Cash Flow and Investments - Operating cash flow for the first three quarters of 2025 reached CNY 14,809,317,880.87, an increase of 3.23% compared to CNY 14,345,669,042.32 in the same period of 2024[22] - Total cash inflow from operating activities was CNY 21,720,459,408.03, up from CNY 21,216,293,835.26 year-over-year[23] - Cash outflow from investment activities was CNY 9,780,424,638.39, a decrease from CNY 11,381,490,032.92 in the previous year, resulting in a net cash flow from investment activities of -CNY 9,196,824,258.55[23] - The company raised CNY 7,811,999,992.11 from investment activities, significantly higher than CNY 2,997,600,000.00 in the previous year[32] Operational Insights - The company experienced a decline in net profit due to the operating revenue growth not keeping pace with the increase in total operating costs[9] - The total operating costs for the first three quarters of 2025 were ¥11.48 billion, compared to ¥10.60 billion in 2024, representing an increase of approximately 8.3%[19] - Research and development expenses decreased to ¥36.61 million from ¥101.84 million, a reduction of approximately 64.0%[20] - The company has not reported any new strategies or product developments during the reporting period[15] - There are no significant reminders for investors regarding the company's operational status during the reporting period[15] - The company has not engaged in any share lending or borrowing activities during the reporting period[14] Financial Metrics - The weighted average return on equity for the third quarter was 4.40%, an increase of 0.51 percentage points year-on-year[5] - The company reported a financial expense of CNY 1,422,459,472.75, a decrease of 4% compared to CNY 1,481,870,029.85 in the previous year[30] - Investment income for the first three quarters of 2025 was CNY 942,565,842.77, an increase of 55.8% from CNY 604,498,646.00 in the same period of 2024[30]

Financial Performance - The company's operating revenue for Q3 2025 reached CNY 495,110,791.99, representing a year-on-year increase of 23.78%[3] - Total profit for the period was CNY 133,813,133.39, up 29.04% compared to the same quarter last year[3] - Net profit attributable to shareholders was CNY 114,738,292.99, reflecting a growth of 27.52% year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 31.57% to CNY 113,807,032.13[3] - Basic earnings per share for the quarter were CNY 0.66, a rise of 26.92% from the previous year[3] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2025 expected to show a positive trend compared to the previous year[17] - The company's net profit for the current period reached CNY 280,813,491.12, a significant increase of 51.5% compared to CNY 185,303,402.44 in the previous period[18] - Operating profit increased to CNY 322,632,728.60, up from CNY 213,500,757.41, reflecting a growth of 51.1%[18] - The total revenue from operating activities was CNY 1,140,118,890.67, up from CNY 925,131,936.19, representing a growth of 23.2%[22] - The company reported a total comprehensive income of CNY 281,190,477.76, compared to CNY 185,298,819.49, an increase of 51.7%[19] - Basic and diluted earnings per share were both CNY 1.63, up from CNY 1.06, reflecting a growth of 53.8%[19] Assets and Liabilities - The company's total assets increased by 6.43% to CNY 3,616,208,949.88 compared to the end of the previous year[4] - Current assets as of September 30, 2025, totaled RMB 2,055,711,603.59, compared to RMB 1,815,877,383.47 at the end of 2024, reflecting a growth of 13.2%[14] - Cash and cash equivalents increased to RMB 714,467,161.06 from RMB 666,028,670.85, representing a rise of 7.2%[14] - Accounts receivable rose to RMB 322,415,788.96, up from RMB 235,048,911.33, indicating a growth of 37.2%[14] - Inventory decreased to RMB 461,592,216.37 from RMB 485,143,763.67, showing a decline of 4.9%[14] - Total liabilities as of September 30, 2025, were RMB 372,033,134.47, slightly down from RMB 372,532,626.44 at the end of 2024[16] - Total equity increased to RMB 3,244,175,815.41 from RMB 3,025,336,707.36, reflecting a growth of 7.2%[16] - Non-current assets totaled RMB 1,560,497,346.29, a slight decrease from RMB 1,581,991,950.33 at the end of 2024[15] Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date was CNY 279,171,725.98, down 11.85% compared to the previous year[3] - Cash flow from operating activities generated a net amount of CNY 279,171,725.98, down from CNY 316,717,598.70, a decrease of 11.8%[22] - The cash and cash equivalents at the end of the period totaled CNY 419,100,460.49, down from CNY 521,405,156.24, a decrease of 19.6%[23] - Investment activities resulted in a net cash outflow of CNY 142,466,823.39, compared to a net inflow of CNY 45,932,456.22 in the previous period[23] - The company experienced a decrease in cash flow from financing activities, with a net outflow of CNY 101,721,811.94 compared to CNY 172,246,374.87 in the previous period[23] Research and Development - Research and development expenses totaled CNY 34,326,191.03, accounting for 6.93% of operating revenue, a decrease of 3.29 percentage points[4] - Research and development expenses amounted to CNY 93,617,861.06, compared to CNY 89,795,800.41, indicating a year-over-year increase of 4.5%[18] Revenue Growth - The company reported a significant increase in revenue from the pharmaceutical and electronic materials sectors, contributing to overall profit growth[7] - Total operating revenue for the first three quarters of 2025 reached RMB 1,301,339,713.58, an increase of 19.0% compared to RMB 1,093,434,243.13 in the same period of 2024[17] - Total operating costs for the first three quarters of 2025 amounted to RMB 971,685,463.94, up from RMB 873,358,217.18 in the first three quarters of 2024[17] Return on Equity - The return on equity (ROE) rose by 2.67 percentage points to 8.95% year-to-date[4]

Financial Performance - The company's operating revenue for the third quarter was CNY 99,751,317.93, a decrease of 88.88% compared to the same period last year[4] - The total profit for the quarter was CNY 42,517,724.23, down 62.63% year-on-year[4] - The net profit attributable to shareholders was CNY 35,230,565.96, an increase of 3.07% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 33,235,896.19, up 1.56% year-on-year[4] - The basic earnings per share for the quarter was CNY 0.0523, an increase of 2.95% compared to the same period last year[6] - Total revenue for the first three quarters of 2025 was CNY 674,914,613.97, a decrease of 53.7% compared to CNY 1,456,990,128.63 in the same period of 2024[22] - Operating income for the first three quarters of 2025 was CNY 488,555,436.79, down from CNY 1,253,143,976.56 in 2024, reflecting a decline of 61.0%[22] - Net profit for the first three quarters of 2025 reached CNY 144,842,018.92, an increase of 53.5% compared to CNY 94,286,943.41 in 2024[24] - Earnings per share for the first three quarters of 2025 was CNY 0.2032, compared to CNY 0.0830 in the same period of 2024, representing a growth of 144.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,386,009,450.00, an increase of 11.62% from the end of the previous year[6] - Total assets increased to CNY 21,386,009,450.00 in 2025 from CNY 19,159,945,400.09 in 2024, marking an increase of 11.5%[20] - Total liabilities rose to CNY 16,499,683,353.38 in 2025, up from CNY 14,412,384,885.18 in 2024, indicating an increase of 14.5%[20] - Total liabilities due within one year decreased by 65.61% due to repayment of long-term borrowings[10] - The company's total equity increased to CNY 4,886,326,096.62 in 2025 from CNY 4,747,560,514.91 in 2024, reflecting a growth of 2.9%[20] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 1,701,488,634.69, an increase of 465.57%[4] - Cash flow from operating activities increased by 465.57% year-to-date, mainly due to increased client margin inflows from the futures company[10] - Operating cash inflow totaled $2,749,274,359.49, a significant increase from $1,345,486,223.51 in the previous period, reflecting strong operational performance[27] - Cash received from sales and services amounted to $462,553,806.73, compared to $972,162,567.86 previously, indicating a decline in revenue from these activities[27] - Total cash outflow from operating activities was $1,047,785,724.80, down from $1,810,921,214.26, suggesting better cost management[27] Investments - The company reported a significant increase of 11635.92% in construction in progress due to the acquisition of long-term rental projects[9] - Investment income increased by 162.43% year-to-date, reflecting higher profits from equity method investments[10] - Investment income for the first three quarters of 2025 was CNY 171,896,846.24, significantly higher than CNY 65,501,443.33 in 2024, representing a growth of 162.5%[23] - The company's long-term equity investments were valued at approximately RMB 1.67 billion, slightly up from RMB 1.66 billion in the previous year[18] - The investment properties held by the company were valued at approximately RMB 3.71 billion, down from RMB 3.78 billion as of December 31, 2024[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,303[12] - The largest shareholder, Shanghai Xinhua Investment Co., Ltd., holds 120,701,293 shares, accounting for 17.92% of total shares[12] Operational Metrics - The company's inventory stood at approximately RMB 2.23 billion, compared to RMB 1.98 billion at the end of 2024, representing a growth of 12.5%[18] - The rental income from the company's properties was approximately RMB 9.58 million from residential properties, with an occupancy rate of 90.36%[17] - The total area of leased properties was approximately 150,276.24 square meters, with a rental income of RMB 4.89 million from office spaces, achieving an occupancy rate of 80.49%[17] - The company reported a total of 66,156.92 square meters of new construction area initiated during the reporting period[15] - The total signed area for real estate sales during the reporting period was approximately 1,790.56 square meters, with a contract amount of RMB 7.10 million[15] - The company has ongoing construction projects with a reported area of 48,275.03 square meters, indicating active market expansion efforts[15] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[29]

Financial Performance - The company's operating revenue for the third quarter reached CNY 3,793,998,324.78, an increase of 26.13% compared to the same period last year[5]. - Total profit for the quarter was CNY 162,251,802.10, representing a significant increase of 137.52% year-over-year[5]. - Net profit attributable to shareholders was CNY 80,842,363.16, a slight decrease of 3.86% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses for the quarter was CNY 109,065,267.63, an increase of 34.94% year-over-year[5]. - The company's total profit for the year-to-date period was CNY 319,951,887.83, an increase of 78.82% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 reached CNY 11,147,859,013.29, a significant increase of 47.5% compared to CNY 7,565,392,617.81 in the same period of 2024[21]. - Operating profit for the first three quarters of 2025 was CNY 317,402,808.41, compared to CNY 180,538,390.43 in 2024, indicating an increase of 75.8%[22]. - Net profit for the first three quarters of 2025 was CNY 197,221,112.39, slightly up from CNY 189,238,238.40 in 2024, showing a growth of 4.2%[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 1,485,473,251.31, a substantial increase of 361.19% compared to the same period last year[5]. - Operating cash inflow for the first three quarters of 2025 was CNY 15.50 billion, a 29.5% increase from CNY 11.96 billion in the same period of 2024[26]. - Net cash flow from operating activities for the first three quarters of 2025 was CNY 1.49 billion, compared to CNY 322.10 million in 2024, reflecting a significant improvement[26]. - The total cash and cash equivalents at the end of the first three quarters of 2025 stood at CNY 1.40 billion, up from CNY 661.37 million at the end of 2024[27]. - Cash received from sales and services in the first three quarters of 2025 was CNY 10.89 billion, compared to CNY 11.78 billion in 2024, indicating a decline in revenue[26]. - Cash received from tax refunds increased significantly to CNY 475.34 million in 2025 from CNY 55.53 million in 2024, highlighting improved tax recovery[26]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 24,047,322,580.39, reflecting a growth of 4.75% from the end of the previous year[6]. - The total assets of the company amounted to CNY 24,047,322,580.39, an increase from CNY 22,956,458,805.29 in the previous year[20]. - Total liabilities increased to CNY 12,594,041,736.84 from CNY 11,573,743,799.96, reflecting a growth of 8.8%[20]. - The company's non-current assets totaled CNY 19,006,676,288.87, a decrease from CNY 19,350,156,065.83[20]. - Total current assets reached RMB 5,040,646,291.52, up from RMB 3,606,302,739.46, indicating an increase of 39.7% year-over-year[18]. Shareholder Information - The first major shareholder, Binhzhou and Yi Industrial Investment Partnership, plans to increase its stake by investing between RMB 140 million and RMB 280 million over the next 12 months[15]. - As of October 30, 2025, the major shareholder has acquired an additional 59,354,972 shares, raising its total holdings to 205,033,082 shares, which is 9.97% of the total share capital[15]. - The company reported a total of 61,450,726 shares held in the repurchase account, accounting for 2.99% of the total shares[14]. - The number of shares held by the top ten shareholders remains stable, with no significant changes reported in the lending or borrowing of shares[14]. Operational Insights - The company attributed the increase in operating revenue to the full operation of its carbon three and four comprehensive utilization project, leading to increased product sales[10]. - The company reported a significant increase in non-recurring gains and losses, primarily due to market price fluctuations and the comprehensive utilization project[11]. - The company has not disclosed any significant changes in operational conditions during the reporting period[15]. Investment Activities - Cash outflow from investment activities in the first three quarters of 2025 was CNY 331.16 million, a decrease from CNY 1.78 billion in 2024, indicating reduced investment expenditures[27]. - Cash inflow from investment activities totaled CNY 94.41 million in 2025, a decrease from CNY 261.23 million in 2024, indicating a reduction in investment returns[27]. Accounting Standards - The company will implement new accounting standards starting in 2025, which may affect financial reporting and performance metrics[28].

Financial Performance - The company's operating revenue for Q3 2025 was ¥9,287,362,578.08, representing an increase of 8.89% compared to the same period last year[3] - The total profit for Q3 2025 was -¥711,211,186.53, a decrease of 2,374.23% year-on-year[3] - The net profit attributable to shareholders for Q3 2025 was -¥550,567,305.61, down 3,217.64% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was -¥507,399,455.38, a decrease of 121.31% year-on-year[5] - The basic earnings per share for Q3 2025 was -¥0.143, a decline of 2,960.00% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was CNY 28.40 billion, a decrease of 21.4% compared to CNY 36.10 billion in the same period of 2024[20] - Total profit for the first three quarters of 2025 was a loss of CNY 789.18 million, contrasting with a profit of CNY 1.62 billion in 2024[20] - The total comprehensive income for the current period is -840,594,396.04 RMB, while it was 780,264,205.87 RMB in the previous period[22] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 422.38 million, compared to CNY 1.04 billion in 2024, indicating a decline of approximately 59.4%[32] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥119,816,878,625.49, a decrease of 0.72% from the end of the previous year[5] - The total assets of Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. reached RMB 71.34 billion as of September 30, 2025, an increase from RMB 64.52 billion on December 31, 2024, representing a growth of approximately 10.4%[27] - The company's total liabilities rose to RMB 46.21 billion as of September 30, 2025, up from RMB 38.97 billion at the end of 2024, reflecting an increase of approximately 18.0%[27] - Total liabilities increased to CNY 82.56 billion from CNY 81.85 billion, indicating a rise of 0.9%[18] - Non-current liabilities totaled CNY 23.15 billion, a decrease from CNY 23.79 billion, reflecting a decline of 2.7%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,102,435,497.62, a decrease of 56.68% compared to the same period last year[5] - Cash flow from operating activities for the first three quarters of 2025 is 1,102,435,497.62 RMB, down from 2,544,658,165.76 RMB in the same period of 2024, reflecting a decrease of approximately 56.7%[24] - The net cash flow from operating activities for the first three quarters of 2025 was negative at CNY -1.86 billion, contrasting with a positive CNY 196.22 million in the same period of 2024[33] - Cash inflow from investment activities is 1,776,203,399.23 RMB, compared to 2,056,874,972.55 RMB in the previous year, showing a decline of about 13.6%[24] - The company received CNY 15.19 billion in loans during the first three quarters of 2025, a decrease from CNY 19.94 billion in the same period of 2024[33] Shareholder Information - The company’s major shareholder, Shanghai Fuxing High-Tech (Group) Co., Ltd., holds 2.10% of the shares directly, while a group of 17 companies collectively holds 61.91%[14] - The top ten shareholders collectively own 59.81% of the company’s shares, indicating a concentrated ownership structure[14] Investment and Expenses - The company reported a significant decrease in investment income from the disposal of non-core assets, impacting overall profitability[9] - The company reported a significant increase in investment income of CNY 139.96 million for the first three quarters of 2025, compared to CNY 2.15 billion in 2024[20] - The company’s R&D expenses were CNY 32.67 million, down from CNY 36.36 million in the previous year, indicating a decrease of 10.0%[20] - The financial expenses for the first three quarters of 2025 were RMB 931.42 million, compared to RMB 811.47 million in the same period of 2024, representing an increase of about 14.8%[30] Current Assets - As of September 30, 2025, the total current assets amounted to approximately CNY 70.36 billion, a slight decrease from CNY 70.72 billion at the end of 2024[16] - The cash and cash equivalents were reported at CNY 10.26 billion, down from CNY 10.69 billion in the previous year[16] - The accounts receivable increased to CNY 3.21 billion, compared to CNY 2.66 billion at the end of 2024, reflecting a growth of approximately 20.5%[16] - The inventory stood at CNY 36.55 billion, showing a decrease from CNY 36.96 billion year-over-year[16] - The total current assets increased to RMB 35.38 billion as of September 30, 2025, compared to RMB 29.39 billion at the end of 2024, marking an increase of about 20.5%[27] - The cash and cash equivalents increased to RMB 1.49 billion as of September 30, 2025, from RMB 1.20 billion at the end of 2024, showing a growth of approximately 24.1%[27] Operating Costs - Total operating costs for the first three quarters of 2025 were CNY 29.53 billion, down from CNY 36.93 billion in 2024, reflecting a reduction of 20.0%[20] - The company paid 25,416,083,271.97 RMB for purchasing goods and services, down from 33,659,633,776.82 RMB in the previous year, indicating a decrease of approximately 24.5%[24]

永辉超市股份有限公司2025 年第三季度报告 证券代码：601933 证券简称：永辉超市 永辉超市股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 年同期增减变动幅度 | | | | 动幅度 | | (%) | | | | (%) | | | | 营业收入 | 12,485,749,027.13 | -25.55 | 42,434,20 ...

中信银行股份有限公司 二〇二五年第三季度报告 （A股 股票代码 601998） 2025年10月30日 证券代码：601998 证券简称：中信银行 公告编号：临2025-073 中信银行股份有限公司 2025 年第三季度报告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本行董事会、监事会及董事、监事、高级管理人员保证《中信银行股份有限公司 二〇二五年第三季度报告》（简称"2025 年第三季度报告"或"本报告"）内容的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 本行董事长、执行董事方合英，执行董事、行长（主管财会工作负责人）芦苇， 财务会计部负责人康超，声明并保证 2025 年第三季度报告中财务信息的真实、准确、 完整。 本报告中的财务报表按照中国会计准则编制且未经审计。 本报告中"本行"指中信银行股份有限公司，"本集团"指中信银行股份有限公 司及其附属公司。 本报告除特别说明外，金额币种为人民币。 1 中信银行 2025 年第三季度报告 中信银行 2025 年第三 ...