Revenue and Profit - Revenue for Q3 2025 reached ¥276,910,986.53, an increase of 13.88% year-over-year, while year-to-date revenue was ¥783,207,899.43, up 14.02% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 9.73% in Q3 2025 to ¥29,944,211.54, and year-to-date net profit was ¥98,909,693.17, down 6.02%[5] - Basic earnings per share for Q3 2025 was ¥0.0817, a decline of 12.62% year-over-year, with diluted earnings per share also at ¥0.0817, down 12.15%[5] - Total operating revenue for the current period reached ¥783,207,899.43, an increase of 14.0% compared to ¥686,880,606.14 in the previous period[23] - Net profit for the current period was ¥98,258,785.20, a decrease of 7.4% from ¥106,717,869.02 in the previous period[24] - Total comprehensive income for the period was 98,258,785.20, a decrease from 106,717,869.02 in the previous period[25] Assets and Liabilities - Total assets increased by 11.81% to ¥2,071,546,186.22 compared to the end of the previous year, while equity attributable to shareholders rose by 24.32% to ¥1,692,464,013.53[5] - The company's total assets increased to ¥2,071,546,186.22, compared to ¥1,852,779,230.60 in the previous year, reflecting a growth of 11.8%[21] - Total liabilities decreased to ¥362,717,460.06 from ¥484,623,230.09, a reduction of 25.1%[21] - Deferred tax assets increased to ¥10,482,102.68 from ¥9,557,437.35, indicating a growth of 9.7%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥102,827,146.27, reflecting a growth of 13.41%[5] - The company’s cash flow from operating activities remains strong, supporting ongoing investments and strategic initiatives[24] - Net cash flow from operating activities increased to 102,827,146.27 from 90,669,395.42 year-over-year[25] - Cash inflow from operating activities totaled 523,388,649.96, compared to 504,592,648.87 in the previous period[25] - Cash outflow from investing activities was 1,350,933,623.26, up from 1,290,466,152.37 in the previous period[26] - Net cash flow from financing activities was 228,585,770.80, a significant improvement from -21,474,725.58 in the previous period[26] - The ending balance of cash and cash equivalents increased to 171,611,916.01 from 70,504,034.50[26] Investments and Shareholder Information - The company raised ¥258,500,905.04 through directed share issuance during the reporting period[11] - The number of ordinary shareholders at the end of the reporting period was 55,463, with the top shareholder holding 12.08% of the shares[12] - The company plans to unlock 25% of the restricted shares for major shareholders, including Lin Haiwang and Huang Yong, as part of the annual release schedule[15] - The total number of restricted shares at the end of the period was 133,713,463, with 22,285,576 shares released during the current period[15] - The company has not reported any changes in the top 10 shareholders due to margin trading activities[15] Operational Costs and Expenses - Total operating costs amounted to ¥657,937,504.20, up 15.4% from ¥569,961,432.25 in the prior period[23] - Research and development expenses for the current period were ¥44,503,090.22, an increase of 10.3% compared to ¥40,645,367.86 in the previous period[23] - The company reported a financial expense of -¥3,808,989.44, which is an improvement from -¥1,687,554.81 in the prior period[23] Other Financial Metrics - The company experienced a 70.81% decrease in cash received from government subsidies, totaling ¥7,141,858.63 in Q3 2025[11] - Investment income showed a substantial decline of 818.61%, resulting in a loss of ¥955,447.91 due to losses from associates[9] - The company reported a net cash flow from investing activities of -249,059,987.54, worsening from -214,900,202.08 in the previous period[26] - The company received cash from investment activities totaling 1,101,873,635.72, compared to 1,075,565,950.29 in the previous period[26]

Financial Performance - The company's revenue for Q3 2025 was ¥55,104,291.55, representing a decrease of 20.64% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥145,514.74, down 85.16% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥138,148.37, a decline of 112.98%[3]. - Total operating revenue decreased to ¥199,524,375.24 from ¥226,976,257.30, representing a decline of approximately 12.1%[25]. - Operating profit decreased to ¥2,438,215.84 from ¥4,953,599.81, reflecting a decline of approximately 50.8%[25]. - Net profit before tax decreased to ¥2,347,758.60 from ¥5,014,793.34, a decrease of about 53.3%[25]. - The net profit for the current period is 3,074,998.71, a decrease of 37.8% compared to 4,947,226.92 in the previous period[26]. - The net profit attributable to shareholders of the parent company is 1,306,165.84, down 53.1% from 2,785,154.52 in the previous period[26]. - The total comprehensive income for the current period is 3,164,180.71, a decrease of 37.6% compared to 5,071,383.99 in the previous period[26]. - The basic earnings per share for the current period is 0.001, down from 0.002 in the previous period[26]. - The diluted earnings per share for the current period is also 0.001, compared to 0.002 in the previous period[26]. Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥10,975,835.77, down 79.38% compared to the same period last year[3]. - The operating cash flow net amount is 10,975,835.77, a significant decrease of 79.6% from 53,231,570.06 in the previous period[27]. - The cash flow from investment activities shows a net outflow of -48,658,481.78, compared to -62,384,039.44 in the previous period, indicating an improvement[28]. - Cash and cash equivalents decreased to ¥519,215,548.97 from ¥567,369,613.62, a decline of approximately 8.5%[20]. - The cash and cash equivalents at the end of the period amount to 491,474,755.63, down from 551,898,615.93 at the end of the previous period[28]. - The total assets at the end of Q3 2025 were ¥969,224,649.96, a decrease of 2.99% from the end of the previous year[4]. - Total assets decreased to ¥969,224,649.96 from ¥999,118,426.12, a decline of approximately 3.0%[22]. - Non-current assets totaled ¥209,986,295.84, slightly down from ¥211,220,162.75[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 133,023, with no preferred shareholders[14]. - The largest shareholder, Wu Jianlong, holds 28.79% of shares, totaling 370,630,131 shares, with 221,000,000 shares pledged[14]. Investment and Restructuring - The company is planning a major asset restructuring, with stock trading suspended since September 8, 2025, pending further announcements[16]. - On September 19, 2025, the board approved a proposal to acquire 100% of Zhangzhou Xipu Material Technology Co., Ltd. and 40% of Zhejiang Beid Pharmaceutical Co., Ltd.[17]. - The company plans to raise matching funds through the issuance of shares and cash payments for the acquisitions mentioned[17]. - The stock resumed trading on September 22, 2025, after the restructuring announcement[17]. - As of October 21, 2025, the company disclosed progress on the major asset restructuring in a public announcement[18]. Other Financial Metrics - The company experienced a 50.78% decline in operating profit, which amounted to ¥2,438,215.84, attributed to reduced main business income and increased inventory impairment provisions[10]. - Research and development expenses decreased by 42.04% to ¥8,837,983.18, reflecting a reduction in total investment in R&D projects[10]. - The company received government subsidies amounting to ¥475,150.50 during the quarter, contributing to a total of ¥2,141,056.16 year-to-date[5]. - The company’s short-term borrowings decreased by 36.36% to ¥3,094,125.00, primarily due to repayments made during the period[9]. - Investment activities cash flow increased by 120.72% to approximately $138.94 million, primarily due to the maturity of new short-term trading financial products[12]. - Financing activities cash flow decreased by 99.27% to approximately $2.03 million, as there were no similar transactions this period compared to the previous year[12]. - The net increase in cash and cash equivalents decreased by 86.93% to approximately -$35.85 million, mainly due to the absence of investment refunds from subsidiaries this period[12]. - Total operating costs decreased to ¥198,584,147.98 from ¥223,885,787.93, a reduction of about 11.3%[25]. - Accounts receivable decreased to ¥34,406,288.87 from ¥67,979,049.18, a reduction of about 49.3%[20]. - Inventory increased to ¥150,035,772.76 from ¥142,833,425.13, an increase of approximately 5.5%[20]. - Total current liabilities decreased to ¥104,362,708.23 from ¥136,125,032.33, a decline of about 23.3%[22].

Financial Performance - The company's operating revenue for the third quarter reached ¥160,826,941.25, representing a 14.01% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥13,003,000.41, a significant increase of 96.82% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,223,450.25, up 165.24% from the previous year[5] - Basic earnings per share increased by 150.00% to ¥0.10, while diluted earnings per share also rose by 150.00% to ¥0.10[5] - Net profit for the current period was ¥21,094,923.26, representing a 46.5% increase from ¥14,392,862.27 in the previous period[21] - Earnings per share (EPS) for the current period was ¥0.12, compared to ¥0.10 in the previous period, indicating a 20% increase[21] - The company reported a profit before tax of ¥21,655,638.69, up from ¥15,103,496.69, indicating a growth of 43.5%[21] - The total comprehensive income for the current period was ¥21,094,923.26, compared to ¥14,392,862.27 in the previous period, reflecting a significant increase[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,612,118,453.65, reflecting a 3.79% increase from the end of the previous year[5] - Total assets increased to ¥2,612,118,453.65 from ¥2,516,847,283.20, marking a growth of 3.8%[19] - Total liabilities rose to ¥1,155,629,494.83, up from ¥1,106,865,071.07, reflecting a 4.4% increase[19] - Total equity attributable to shareholders increased to ¥1,384,650,788.65 from ¥1,368,537,749.32, a growth of 1.2%[19] Cash Flow - Operating cash inflow for the current period was ¥449,929,096.10, a decrease of 4.6% compared to ¥471,647,786.63 in the previous period[22] - Net cash flow from operating activities was -¥98,522,732.68, worsening from -¥63,813,271.92 in the previous period[22] - Cash inflow from investment activities totaled ¥678,681,827.02, significantly increasing from ¥381,948,064.62 in the previous period[22] - Net cash flow from investment activities was -¥33,123,741.48, an improvement from -¥333,501,909.18 in the previous period[22] - Cash inflow from financing activities was ¥3,600,000.00, compared to ¥1,500,000.00 in the previous period[23] - Net cash flow from financing activities was -¥4,054,040.89, an improvement from -¥33,027,890.10 in the previous period[23] - The ending balance of cash and cash equivalents was ¥291,472,741.61, down from ¥325,575,061.06 in the previous period[23] - Total cash outflow from operating activities was ¥548,451,828.78, slightly increasing from ¥535,461,058.55 in the previous period[22] - Total cash outflow from investment activities was ¥711,805,568.50, a slight decrease from ¥715,449,973.80 in the previous period[22] - The company’s cash and cash equivalents decreased by ¥135,700,515.05 during the period, compared to a decrease of ¥430,343,071.20 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,658[11] - The largest shareholder, Nanjing Gaotou, holds 43.28% of shares, totaling 72,070,354 shares[11] - The company has a total of 1,971,131 shares held by the top shareholder in a private fund, indicating active investment strategies[12] - The company has not disclosed any related party relationships among shareholders, indicating potential independence in shareholder actions[11] Investments and Acquisitions - The company acquired 55% equity in Shandong Shunguang Electronic Technology Co., Ltd. for ¥88 million, which will become a subsidiary[15] - The company reported a 154.80% increase in investment income, amounting to ¥4,964,793.61, due to an increase in financial management scale and investment income from associates[8] Other Financial Metrics - The weighted average return on net assets was 0.95%, an increase of 0.44% compared to the previous year[5] - Research and development expenses for the current period were ¥27,619,685.01, compared to ¥25,433,951.58 in the previous period, showing an increase of 8.6%[20] - The company experienced a 32.21% decrease in cash and cash equivalents, totaling ¥291,942,822.61, due to payments for equity acquisitions and year-end bonuses[9] - Accounts receivable increased from ¥555,868,311.44 to ¥649,534,249.25, representing a growth of about 16.8%[17] - Inventory rose from ¥671,076,923.10 to ¥759,144,942.92, an increase of approximately 13.1%[17] - The total non-current assets include goodwill valued at ¥144,787,049.93, up from ¥93,646,551.84, indicating a significant increase of about 54.6%[17] - The total current assets at the end of the reporting period are ¥2,112,722,674.53, compared to ¥2,079,917,522.20 at the beginning, reflecting a slight increase of about 1.6%[17]

Financial Performance - Q3 2025 revenue reached ¥120,788,460.30, an increase of 2.55% year-over-year[5] - Net profit attributable to shareholders was ¥9,444,531.22, up 92.18% compared to the same period last year[5] - Basic earnings per share increased by 80.00% to ¥0.09[5] - Total operating revenue for the current period reached ¥353,363,114.94, an increase of 6.4% compared to ¥331,455,101.03 in the previous period[21] - Net profit for the current period was ¥19,651,053.51, representing a significant increase of 80.3% from ¥10,912,971.55 in the previous period[22] - Basic earnings per share for the current period was ¥0.17, compared to ¥0.10 in the previous period, indicating a 70% increase[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,217,813,813.15, reflecting a 3.67% increase from the previous year[5] - Current assets totaled ¥777,129,388.37, slightly up from ¥776,113,136.96 at the start of the period[17] - The company's long-term equity investments increased to ¥3,818,845.09 from ¥1,774,771.67[17] - The total liabilities of the company increased, reflecting a rise in both current and non-current liabilities[18] - Total liabilities increased to ¥222,598,609.39 from ¥187,226,426.67, marking a rise of 18.9%[19] - Total current liabilities rose to ¥214,162,585.92 from ¥177,313,456.25[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥34,129,111.82, up 8.74%[5] - The net cash flow from operating activities was ¥34,129,111.82, an increase from ¥31,385,975.61 in the previous period[24] - Cash inflow from operating activities totaled ¥305,949,487.22, compared to ¥294,988,091.39 in the previous period, reflecting a growth of 3.3%[25] - The net cash flow from investing activities was -¥109,743,768.87, an improvement from -¥325,364,053.12 in the previous period[24] - Cash inflow from financing activities totaled $56.17 million, an increase of 25.8% compared to $44.68 million in the previous period[26] - Net cash flow from financing activities was $19.07 million, a significant improvement from a negative $116.71 million in the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,512[13] - The total equity attributable to shareholders of the parent company rose to ¥976,695,462.86, up from ¥969,085,078.29, a growth of 0.7%[19] Investments and Expenses - The company reported a significant increase in long-term equity investments by 115.17% to ¥3,818,845.09 due to capital contributions to joint ventures[10] - Research and development expenses decreased to ¥17,961,567.42 from ¥22,630,603.94, a reduction of 20.6%[22] - Total operating costs amounted to ¥334,308,732.11, up from ¥323,560,506.21, reflecting a growth of 3.4%[21] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies[5] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15] Other Information - The company's cash and cash equivalents decreased to ¥263,918,434.52 from ¥430,387,574.63[16] - The company's third-quarter financial report was not audited[27]

昆山佰奥智能装备股份有限公司 2025 年第三季度报告 证券代码：300836 证券简称：佰奥智能 公告编号：2025-047 昆山佰奥智能装备股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 昆山佰奥智能装备股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 257,140,556.16 | ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥869,699,243.60, an increase of 22.21% compared to the same period last year[5] - Net profit attributable to shareholders was ¥42,198,048.48, up 58.94% year-on-year[5] - Basic earnings per share increased by 63.64% to ¥0.18[5] - The company reported a 32.45% increase in revenue for the first nine months of 2025, totaling ¥2,369,134,070.11[9] - Total operating revenue for the current period reached ¥2,369,134,070.11, a significant increase of 32.5% compared to ¥1,788,634,888.90 in the previous period[18] - Net profit for the current period was ¥121,158,615.64, representing a 48.8% increase from ¥81,470,303.78 in the previous period[20] - Basic and diluted earnings per share both improved to ¥0.55, compared to ¥0.35 in the prior period[20] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,285,031,389.16, reflecting a 5.17% increase from the end of the previous year[5] - Total assets increased to ¥2,285,031,389.16 from ¥2,172,788,176.22, reflecting a growth of approximately 5.2%[15] - Total liabilities increased to ¥1,046,029,867.76, up from ¥959,646,035.35 in the previous period[16] - Total equity attributable to shareholders of the parent company rose to ¥1,198,556,017.57, compared to ¥1,164,559,555.76 in the previous period[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥97,955,008.66, up 18.31%[5] - Cash generated from operating activities was ¥2,531,821,630.92, an increase from ¥1,844,034,456.81 in the previous period[22] - Net cash inflow from operating activities amounted to ¥97,955,008.66, an increase from ¥82,796,488.99 in the previous period, reflecting a growth of approximately 18.5%[23] - The cash flow from operating activities totaled ¥2,882,570,533.76, compared to ¥2,074,568,049.74, indicating a growth of approximately 39%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,877[11] - The largest shareholder, Li Zheng, holds 33.30% of shares, totaling 77,618,160 shares[11] - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with the top three shareholders alone holding over 65%[11] - The company has established a joint action agreement among major shareholders, effective for one year until August 2026[12] - The company is actively managing its shareholder structure to ensure stability and efficient decision-making processes[12] Operating Costs and Margins - The gross profit margin for the first nine months of 2025 was impacted by a 32.15% increase in operating costs, totaling ¥2,041,460,004.34[9] - Total operating costs amounted to ¥2,223,916,209.85, up 31.0% from ¥1,696,122,659.74 in the prior period[19] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥887,677,750.30 from ¥822,324,621.67, a growth of approximately 7.5%[14] - The total cash and cash equivalents at the end of the period reached ¥854,158,813.26, compared to ¥711,037,076.05, marking an increase of about 20.1%[23] Other Financial Metrics - Cash received from sales and services for the first nine months was ¥2,531,821,630.92, a 37.30% increase year-on-year[10] - The company experienced a significant increase in prepayments, which rose by 137.24% to ¥224,918,367.87, indicating a rise in orders on hand[9] - Other payables surged by 1084.20% to ¥102,517,711.89, primarily due to an increase in dividends payable[9] - Accounts receivable decreased to ¥474,576,805.73 from ¥521,406,165.45, a decline of about 8.9%[15] - The company reported a decrease in other comprehensive income, with a net amount of -¥2,064,035.11 compared to -¥2,512,693.66 in the previous period[20] Investment Activities - Total cash inflow from investment activities was ¥1,080,044,424.63, compared to ¥810,106,074.50, representing a significant increase of about 33.2%[23] - Cash outflow from investment activities totaled ¥1,073,967,075.35, up from ¥740,700,223.99, indicating a rise of approximately 45%[23] - The company received ¥1,077,695,409.65 in cash related to investment activities, which is an increase from ¥803,740,972.47, showing a growth of about 34%[23] - The company’s cash flow from investment activities netted ¥6,077,349.28, a decrease from ¥69,405,850.51 in the previous period[23]

浙江仙琚制药股份有限公司 2025 年第三季度报告 证券代码：002332 证券简称：仙琚制药 公告编号：2025-045 浙江仙琚制药股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 浙江仙琚制药股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 减 | 年同期增减 | | | 营业收入（元） | 956,353,361.96 | -12.99 ...

山西蓝焰控股股份有限公司 2025 年第三季度报告 证券代码：000968 证券简称：蓝焰控股 公告编号：2025-040 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 山西蓝焰控股股份有限公司 2025 年第三季度报告 山西蓝焰控股股份有限公司 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） | 498,127,015.72 | -21.77% | 1,6 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥316,917,990, representing a 23.47% increase compared to ¥256,681,510 in the same period last year[4]. - Net profit attributable to shareholders was ¥3,255,590.90, a significant increase of 147.27% from ¥1,316,607.50 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥3,414,914.20, up 158.24% from ¥1,322,365.70 in the same period last year[5]. - The company reported a net profit of ¥10,669,082.24, reflecting a decrease of 54.07% compared to ¥23,227,246.16 in the previous year, primarily due to a decline in gross margin[13]. - Total operating revenue for the current period reached ¥723,333,798.07, an increase from ¥712,144,675.50 in the previous period, reflecting a growth of approximately 1.67%[29]. - Net profit for the current period was ¥10,669,082.24, a decrease from ¥23,227,246.16, representing a decline of approximately 54.1%[30]. - Total comprehensive income for the period attributable to the parent company was CNY 10,445,286.08, a decrease from CNY 23,866,249.40 in the previous period[31]. - Basic and diluted earnings per share were both CNY 0.08, down from CNY 0.17 in the previous period[31]. Assets and Liabilities - The company's total assets increased by 27.00% to ¥1,956,491,855.25 from ¥1,540,573,054.25 at the beginning of the year[5]. - Current liabilities rose to ¥783,870,721.60, compared to ¥539,070,300.90, reflecting an increase of approximately 45.3%[27]. - The company's total liabilities reached ¥954,704,859.86, compared to ¥553,262,502.59, showing an increase of approximately 72.6%[28]. - Non-current assets totaled ¥629,832,292.72, up from ¥468,228,404.20, indicating a growth of around 34.4%[27]. - The goodwill on the balance sheet increased significantly to ¥112,138,939.88 from ¥33,384,885.52, representing a growth of about 235%[28]. Cash Flow - The net cash flow from investing activities was -$172.54 million, a decrease of 419.67% compared to the same period last year, primarily due to the acquisition of Xuzhou Chemical Machinery[14]. - The net cash flow from financing activities increased to $234.88 million, up 313.90% year-over-year, mainly attributed to increased bank loans during the reporting period[14]. - Net cash flow from operating activities was CNY -74,564,610.12, compared to CNY -70,104,238.54 in the previous period, indicating a decline in operational cash generation[32]. - Cash inflow from investment activities totaled CNY 119,912,118.13, while cash outflow was CNY 292,448,889.72, resulting in a net cash flow of CNY -172,536,771.59 from investment activities[32]. - Cash inflow from financing activities was CNY 363,651,358.01, with a net cash flow of CNY 234,884,405.39 after outflows[33]. - The ending balance of cash and cash equivalents was CNY 58,365,857.35, an increase from CNY 40,444,884.24 in the previous period[33]. - The company reported a net increase in cash and cash equivalents of CNY -12,320,033.85 for the period[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,812, with no preferred shareholders having restored voting rights[16]. - The largest shareholder, Chen Xiaoyu, holds 21.07% of the shares, amounting to 29,075,000 shares[17]. - The company has a total of 36,235,375 restricted shares at the end of the reporting period, with no new restrictions added during this period[19]. - The company announced a change in control due to the expiration of the previous concerted action agreement among certain shareholders[21]. Strategic Developments - The company is actively pursuing market expansion and has consolidated Xuzhou Chemical Machinery, contributing to various financial metrics[11]. - The company plans to acquire 100% of Xuzhou Chemical Machinery, with multiple announcements regarding the progress of this acquisition[21]. Expenses - Financial expenses surged by 253.90% to ¥4,245,972.39, mainly due to increased interest expenses from bank loans[13]. - Research and development expenses for the current period were ¥26,707,340.89, down from ¥29,550,666.86, indicating a decrease of approximately 9.7%[29]. - The company reported a financial expense of ¥4,245,972.39, which is a significant increase from ¥1,199,762.07, reflecting a rise of about 253%[29]. Inventory and Receivables - The company's inventory rose by 52.98% to ¥329,427,348.00, primarily due to the consolidation of Xuzhou Chemical Machinery[10]. - Accounts receivable increased to ¥810.24 million from ¥699.06 million at the beginning of the period, indicating a growth in sales or credit terms[25]. - The company reported an increase in other receivables to $29.20 million from $16.17 million, reflecting potential growth in customer transactions or financing activities[25]. Operating Costs - Total operating costs amounted to ¥698,646,795.19, up from ¥682,561,535.89, indicating an increase of about 2.93%[29]. Audit Status - The financial report for the third quarter was not audited[34].

Financial Performance - The company's operating revenue for Q3 2025 was ¥54,834,973.32, a decrease of 14.94% compared to the same period last year[5] - The net profit attributable to shareholders was -¥30,485,425.19, representing an increase of 23.98% in losses year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥33,043,152.51, an increase of 18.97% in losses compared to the previous year[5] - Total operating revenue decreased to ¥232,093,958.58 from ¥281,346,196.59, representing a decline of approximately 17.5% year-over-year[19] - Net profit for the period was -¥62,281,376.08, compared to -¥61,485,788.81 in the previous period, indicating a slight increase in losses[20] - Basic and diluted earnings per share were both -¥0.38, compared to -¥0.37 in the previous period[21] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥1,819,043,718.86, an increase of 8.85% from the end of the previous year[5] - The equity attributable to shareholders decreased by 6.31% to ¥1,079,435,183.81 compared to the end of the previous year[5] - Total liabilities increased from ¥423,724,040.00 to ¥634,159,829.23, a rise of approximately 49.5%[17] - Total liabilities increased to ¥674,091,297.62 from ¥465,343,264.68, reflecting a growth of approximately 44.8%[18] - Total equity attributable to shareholders decreased to ¥1,079,435,183.81 from ¥1,152,157,144.00, a decline of about 6.3%[18] Cash Flow - The net cash flow from operating activities was -¥78,575,176.85, a decrease of 55.29% compared to the same period last year[12] - Cash flow from operating activities showed a net outflow of -¥78,575,176.85, an improvement from -¥175,727,103.04 in the previous period[21] - Net cash flow from investing activities was -$94.32 million, compared to -$118.17 million in the previous period, indicating an improvement[22] - Cash inflow from financing activities totaled $78.30 million, a significant increase from $20.00 million in the prior period[22] - Net cash flow from financing activities was $71.89 million, recovering from a negative $98.38 million in the previous period[22] - The net increase in cash and cash equivalents was -$100.99 million, compared to -$392.28 million in the prior period, showing a reduction in cash outflow[22] - The ending balance of cash and cash equivalents was $184.07 million, down from $295.48 million in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,183[14] - The top 10 shareholders hold a combined 56.00% of the shares, with the largest shareholder owning 10.87%[14] Operational Expenses - The company's financial expenses increased by 234.76% to ¥956,275.64, primarily due to a decrease in interest income[11] - Research and development expenses decreased to ¥39,276,960.26 from ¥53,895,113.70, a reduction of approximately 27.2% year-over-year[20] - Sales expenses decreased to ¥98,648,593.57 from ¥119,403,232.48, a decline of about 17.4% year-over-year[20] Other Income and Investments - The company reported a significant increase in other income, which rose by 32.22% to ¥6,452,216.15 due to increased government subsidies received[11] - Other income increased to ¥6,452,216.15 from ¥4,879,841.93, representing an increase of approximately 32.2% year-over-year[20] - The company's long-term equity investments decreased from ¥198,032,471.67 to ¥195,939,823.71, a decline of about 0.6%[17] Inventory and Receivables - Accounts receivable increased slightly from ¥234,421,814.59 to ¥236,404,050.05, reflecting a growth of about 0.8%[16] - Inventory rose from ¥236,047,630.57 to ¥254,670,670.41, an increase of approximately 7.9%[16] Construction and Payables - The construction in progress increased by 87.10% to ¥366,809,744.58, reflecting increased investment in ongoing projects[10] - The accounts payable rose by 30.82% to ¥287,811,529.01, indicating an increase in payable engineering costs[10] Accounting and Reporting - The third quarter financial report was not audited, which may affect the reliability of the reported figures[23] - The company plans to implement new accounting standards starting in 2025, which may impact financial reporting[24]