Financial Performance - The company's revenue for Q3 2025 was RMB 8.88 billion, a slight decrease of 0.17% compared to the same period last year[5] - The total profit for the quarter reached RMB 1.91 billion, reflecting a growth of 4.89% year-on-year[5] - Net profit attributable to shareholders was RMB 1.37 billion, an increase of 1.62% compared to the previous year[5] - The cumulative product sales for the first three quarters amounted to 6.894 million kiloliters, up 1.6% year-on-year, with the main brand Qingdao Beer achieving a 4.1% increase in sales[7] - The company reported a basic earnings per share of RMB 1.004 for the quarter, representing a 1.52% increase year-on-year[6] - Total operating revenue for the first three quarters of 2025 reached CNY 29,366,671,110, an increase of 1.4% compared to CNY 28,959,288,497 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was CNY 7,139,587,453, representing a 6.1% increase from CNY 6,727,652,943 in 2024[22] - Net profit attributable to shareholders of the parent company was CNY 5,274,352,712, up 5.7% from CNY 4,989,889,602 in the previous year[22] - Basic earnings per share for the first three quarters of 2025 was CNY 3.867, compared to CNY 3.667 in the same period of 2024[23] Assets and Liabilities - The total assets at the end of the reporting period were RMB 51.39 billion, a slight decrease of 0.06% from the end of the previous year[6] - The total liabilities decreased to CNY 19,192,181,002 from CNY 21,560,843,821, indicating a reduction of approximately 11%[17] - The total current assets were reported at CNY 24,048,657,365, down from CNY 25,188,915,561, reflecting a decline of about 4.5%[16] - The cash and cash equivalents decreased to CNY 13,979,812,320 from CNY 17,978,772,896, representing a decrease of approximately 22%[15] - The company's long-term equity investments stood at CNY 384,288,942, slightly down from CNY 391,873,803[16] - The non-current assets totaled CNY 27,341,807,379, an increase from CNY 26,231,470,271, indicating growth of approximately 4.2%[16] - The total owner's equity remained stable at CNY 1,364,196,788, unchanged from the previous period[17] - The company's contract liabilities decreased significantly to CNY 5,701,262,186 from CNY 8,312,560,682, a reduction of about 31%[17] - The company reported a decrease in other current liabilities to CNY 85,823,761 from CNY 467,595,834, reflecting a decline of approximately 82%[17] Cash Flow - Cash generated from operating activities was CNY 30,928,273,388, slightly down from CNY 30,974,294,354 in the previous year[24] - Net cash flow from operating activities was $5,816,206,274, a decrease of 6.66% from $6,230,708,571[25] - Total cash inflow from investment activities increased to $9,153,750,183, up from $7,292,880,067, representing a growth of 25.5%[25] - Net cash flow from investment activities was -$4,678,452,495, an improvement from -$7,445,143,559[25] - Cash flow from financing activities resulted in a net outflow of -$3,089,167,869, compared to -$2,859,460,308 in the previous period[26] - The ending cash and cash equivalents balance decreased to $2,096,650,815 from $5,217,962,744, a decline of 59.9%[26] - Cash inflow from other operating activities was $820,850,614, down from $940,165,395, a decrease of 12.7%[25] - Cash paid for operating activities totaled $25,953,145,428, an increase from $25,703,777,289, reflecting a rise of 0.97%[25] - Cash received from investment recoveries was $8,617,465,183, significantly higher than $6,553,207,300, marking a 31.3% increase[25] - Cash paid for dividends and interest was $3,051,229,572, compared to $2,792,146,472, an increase of 9.3%[26] - The impact of exchange rate changes on cash and cash equivalents was positive at $2,053,959, contrasting with a negative impact of -$227,231 previously[26] Strategic Focus - The company is focusing on high-quality development and optimizing product structure while expanding both domestic and international markets[7] - The online business continues to strengthen, contributing to the overall growth in consumer engagement and product consumption[7] - The company has implemented innovative marketing strategies to enhance consumer experience and interaction, driving product consumption upgrades[7] Financial Expenses and Other Income - The company reported a financial expense of CNY -314,032,685, an improvement from CNY -433,974,719 in the previous year[22] - Other comprehensive income after tax was CNY -2,990,335, compared to CNY -3,924,189 in the same period last year[22] - Minority interests in net profit were CNY 127,882,566, down from CNY 140,297,793 in the previous year[22]

Financial Performance - The company's operating revenue for the third quarter was ¥71,532,279.64, a decrease of 37.56% compared to the same period last year[4] - The total profit for the quarter was -¥3,720,183.21, reflecting a decline of 144.38% year-on-year[4] - The net profit attributable to shareholders was -¥2,465,651.27, down 130.31% from the previous year[4] - For the period from January to September 2025, the company achieved operating revenue of CNY 269.81 million, a year-on-year decrease of 28.62%[14] - The net profit attributable to shareholders for the same period was CNY 22.38 million, down 55.55% year-on-year, primarily due to delays in bidding and supply in the smart grid market[14] - Total operating revenue for the first three quarters of 2025 was CNY 269,810,697.45, a decrease of 28.7% compared to CNY 378,013,595.05 in the same period of 2024[24] - Operating profit for the first three quarters of 2025 was CNY 22,424,107.33, a decline of 60.2% from CNY 56,265,937.91 in 2024[25] - Net profit for the first three quarters of 2025 was CNY 22,379,987.44, down 55.7% compared to CNY 50,349,120.70 in the same period of 2024[25] Earnings Per Share - The basic earnings per share for the quarter was -¥0.02, a decrease of 133.33% compared to the same period last year[5] - The diluted earnings per share for the quarter was also -¥0.02, showing a similar decline of 133.33%[5] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.15, a decrease from CNY 0.36 in the previous year[26] Research and Development - Research and development expenses totaled ¥21,741,755.43, accounting for 30.39% of operating revenue, an increase of 10.36 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 53,168,260.45, an increase of 7.6% compared to CNY 49,284,833.02 in 2024[24] - The company is increasing its R&D investment in non-grid IoT applications, which is expected to enhance its market position in this sector[14] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥48,950,099.26, reflecting a 53.15% increase[5] - The company's cash and cash equivalents decreased from CNY 710.60 million on December 31, 2024, to CNY 394.53 million by September 30, 2025[19] - Cash inflow from operating activities for the first three quarters of 2025 was $283.08 million, compared to $340.91 million in the same period of 2024, representing a decrease of approximately 16.9%[27] - Net cash flow from operating activities for the first three quarters of 2025 was $48.95 million, an increase from $31.96 million in 2024, indicating a growth of about 53%[27] - Cash and cash equivalents at the end of the first three quarters of 2025 amounted to $393.30 million, down from $549.71 million at the end of the same period in 2024, a decrease of approximately 28.5%[28] Liabilities and Equity - Total liabilities as of the reporting date were CNY 451,918,720.65, a slight decrease from CNY 462,421,550.49 in the previous year[21] - The company reported a total equity of CNY 1,049,812,744.03, a decrease from CNY 1,071,175,090.91 in the previous year[21] Market Conditions - The decline in revenue was attributed to slower bidding progress and supply rhythm in the smart grid market, despite a 30% increase in non-electric IoT revenue year-to-date[10] - Revenue from non-grid IoT products increased by 30% compared to the same period last year, supporting the company's multi-track collaborative development strategy[14] - As of September 30, 2025, the company had a backlog of orders amounting to CNY 198.10 million[14]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥7,426,888,299.87, representing a year-on-year increase of 12.72%[3] - Total profit for the period was ¥1,361,073,585.78, reflecting a growth of 1.94% compared to the same period last year[3] - Net profit attributable to shareholders was ¥1,301,063,153.19, up by 9.53% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥23,188,081,928.77, an increase of 14.8% compared to ¥20,189,303,845.10 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥5,760,235,152.02, compared to ¥4,616,330,177.46 in 2024, marking a growth of 24.7%[17] - Earnings per share for the first three quarters of 2025 were ¥0.89, an increase from ¥0.73 in the same period of 2024[17] Cash Flow and Liquidity - The net cash flow from operating activities for the period was ¥4,809,977,038.87, a significant increase of 209.78%[3] - In the first three quarters of 2025, the net cash flow from operating activities was ¥9,110,430,290.27, a significant increase of 98.5% compared to ¥4,585,446,009.12 in the same period of 2024[20] - Cash received from the sale of goods and services reached ¥26,173,262,016.04, up 30.8% from ¥20,000,144,131.46 in the previous year[20] - The net increase in cash and cash equivalents for the period was ¥15,528,606,009.65, compared to ¥1,184,255,955.68 in the previous year, reflecting strong liquidity growth[20] - The cash and cash equivalents at the end of the period totaled ¥39,767,708,127.31, a significant rise from ¥21,455,780,225.40 at the end of the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥68,327,540,485.78, marking a 36.29% increase from the previous year[4] - Total assets as of September 30, 2025, amounted to ¥68,327,540,485.78, compared to ¥50,135,645,304.10 at the end of 2024, indicating a growth of 36.2%[14] - Total liabilities increased to ¥8,295,022,482.91 from ¥4,045,394,570.79, representing a rise of 104.5%[14] Shareholder Information - The equity attributable to shareholders reached ¥59,504,250,787.19, which is a 30.72% increase compared to the end of the previous year[4] - The company reported a total of 397,258 ordinary shareholders at the end of the reporting period[10] - The largest shareholder, Jiangsu Hengrui Medicine Group Co., Ltd., holds 1,538,184,187 shares, accounting for 23.18% of the total shares[10] - The total equity attributable to shareholders of the parent company reached ¥59,504,250,787.19, up from ¥45,519,861,860.32, indicating a growth of 30.6%[14] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥4,945,318,580.23, compared to ¥4,548,870,345.14 in 2024, reflecting an increase of 8.7%[16] Investment Activities - The cash outflow from investment activities was ¥1,714,462,484.69, compared to ¥2,124,667,512.24 in the previous year, showing a decrease in investment spending[20] - The company received cash from investment of ¥151,000,000.00, down from ¥200,000,000.00 in the previous year, indicating a decline in cash recovery from investments[20]

Financial Performance - The company's operating revenue for the third quarter was ¥1,336,897,331.24, a decrease of 26.35% compared to the same period last year[4] - The total profit for the third quarter was ¥37,047,982.45, down 66.36% year-on-year[4] - The net profit attributable to shareholders was ¥28,980,775.88, reflecting a decline of 64.15% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥26,318,496.74, a decrease of 66.76% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.09, down 65.38% from the same period last year[5] - The diluted earnings per share for the third quarter was ¥0.08, a decline of 69.23% year-on-year[5] - Net profit for the first three quarters of 2025 was CNY 157,506,379.56, a decline of 43.6% compared to CNY 279,783,209.83 in 2024[23] - Earnings per share for the first three quarters of 2025 were CNY 0.44, down from CNY 0.74 in the same period of 2024[24] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥96,470,425.77, down 73.80% compared to the previous year[5] - The company's cash and cash equivalents as of September 30, 2025, amount to approximately RMB 2.48 billion, down from RMB 2.76 billion at the end of 2024[16] - Total current assets as of September 30, 2025, are approximately RMB 3.70 billion, down from RMB 4.25 billion at the end of 2024[17] - Cash flow from operating activities for the first three quarters of 2025 was CNY 3,354,352,078.27, a decrease of 34.2% compared to CNY 5,091,334,866.12 in 2024[26] - The total cash and cash equivalents at the end of the period stood at ¥874,902,225.50, down from ¥1,319,976,033.74, reflecting a decrease of approximately 33.7%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,215[12] - The largest shareholder, Wenzhou Yongchang Holdings Co., Ltd., holds 60,216,050 shares, accounting for 19.13% of the total shares[12] Market Conditions and Strategy - The company attributed the decline in profits primarily to a decrease in product prices compared to the same period last year[9] - The company is facing intensified price competition in the nylon chip industry due to concentrated capacity release, impacting sales of high-value-added raw materials PA6[14] - The company is actively adjusting its business strategy to expand into emerging markets and optimize product structure to meet mid-tier and lower-tier market demands[15] - The company reported a decline in main business profits both year-over-year and quarter-over-quarter due to external market pressures[14] - The company maintains a long-term positive fundamental outlook despite current industry challenges[15] Liabilities and Retained Earnings - Total liabilities decreased to CNY 3,538,627,333.12 in 2025 from CNY 3,894,162,079.88 in 2024, reflecting a reduction of 9.1%[19] - Total assets decreased to CNY 5,722,212,714.22 in 2025 from CNY 6,097,471,153.33 in 2024, a decline of 6.2%[19] - Non-current liabilities increased to CNY 1,019,767,752.89 in 2025 from CNY 973,913,488.02 in 2024, an increase of 4.7%[19] - The company's retained earnings rose to CNY 1,050,411,390.65 in 2025 from CNY 952,644,080.12 in 2024, an increase of 10.3%[19] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 142,816,161.43, slightly down from CNY 148,742,673.69 in 2024[23] Tax and Compensation - The company received tax refunds amounting to ¥27,645,356.05, compared to ¥2,531,717.58 in the previous period, showing a significant increase[27] - Cash paid for employee compensation was ¥52,545,816.50, slightly down from ¥53,980,896.95, indicating a decrease of about 2.7%[27] - Cash paid for taxes was ¥49,499,532.72, down from ¥70,322,873.07, representing a decline of approximately 29.5%[27]

Financial Performance - The company's operating revenue for the third quarter was ¥28,645,988.31, a decrease of 5.04% compared to the same period last year[4] - The total profit for the quarter was -¥35,984,327.51, reflecting a decline of 126.90% year-on-year[4] - The net profit attributable to shareholders was -¥32,062,358.27, down 116.93% from the previous year[4] - The net profit after deducting non-recurring gains and losses was -¥22,912,578.77, a decrease of 56.02% compared to the same period last year[4] - The basic and diluted earnings per share were both -¥0.0147, a decline of 116.46% year-on-year[5] - The net profit for the first three quarters of 2025 was a loss of ¥88.96 million, compared to a profit of ¥36.55 million in the same period of 2024[19] - The net loss for the first three quarters of 2025 was ¥51,906,410.80, compared to a net profit of ¥53,866,677.28 in the same period of 2024, reflecting a significant decline in profitability[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,123,721,713.69, an increase of 3.78% from the end of the previous year[5] - The company's total assets amounted to CNY 1,123,721,713.69, an increase from CNY 1,082,768,698.26 as of December 31, 2024, reflecting a growth of approximately 3.5%[15] - The total liabilities increased to CNY 813,546,623.54 as of September 30, 2025, from CNY 683,633,452.55 at the end of 2024, representing a rise of approximately 19.06%[17] - Total assets increased to ¥1,102,282,806.57 as of September 30, 2025, compared to ¥1,055,348,285.25 at the end of 2024, showing growth in the company's asset base[27] - Total liabilities rose to ¥497,051,326.50 as of September 30, 2025, compared to ¥398,210,394.38 at the end of 2024, indicating an increase in financial obligations[27] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥84,774,733.72, a decrease of 5.54% year-on-year[5] - The company reported a net cash outflow from operating activities of ¥84.77 million for the first three quarters of 2025, compared to an outflow of ¥80.33 million in 2024[22] - Cash inflow from operating activities totaled ¥266.93 million in 2025, an increase from ¥164.16 million in 2024[22] - Cash outflow from operating activities was ¥351.70 million in 2025, compared to ¥244.49 million in 2024[22] - The company’s cash flow from operating activities for the first three quarters of 2025 is not provided, but the overall financial performance suggests challenges in cash generation[31] - In the first three quarters of 2025, the net cash flow from operating activities was -72,197,377.28 RMB, an improvement from -81,081,636.05 RMB in the same period of 2024[32] - Total cash inflow from operating activities decreased to 110,903,073.25 RMB in 2025 from 149,678,483.53 RMB in 2024, representing a decline of approximately 26%[32] - Cash outflow from operating activities also decreased to 183,100,450.53 RMB in 2025 from 230,760,119.58 RMB in 2024, a reduction of about 20%[32] Shareholder Equity - The equity attributable to shareholders decreased by 22.01% to ¥310,345,021.44 compared to the previous year[5] - The company's total equity attributable to shareholders decreased to CNY 310,345,021.44 as of September 30, 2025, from CNY 397,916,031.06 at the end of 2024, a drop of approximately 22%[17] - The total equity decreased to ¥605,231,480.07 as of September 30, 2025, down from ¥657,137,890.87 at the end of 2024, indicating a decline in shareholder value[27] Operating Costs - The company experienced a significant increase in operating costs due to project undertakings and litigation losses[9] - Total operating costs for the first three quarters of 2025 were ¥202.95 million, up 86.1% from ¥109.04 million in 2024[19] - Operating costs for the first three quarters of 2025 were ¥75,600,936.42, up from ¥33,598,421.96 in 2024, indicating a substantial increase in costs[29] Investment and Financing - The company reported an investment loss of ¥1.22 million in the first three quarters of 2025, contrasting with an investment gain of ¥81.16 million in the same period of 2024[19] - The company achieved a net cash inflow from financing activities of ¥50.12 million in 2025, a significant increase from ¥13.33 million in 2024[24] - The net cash flow from financing activities improved to 48,317,791.92 RMB in 2025 compared to 23,194,638.35 RMB in 2024, reflecting an increase of approximately 108%[32] Research and Development - The company's research and development expenses for the first three quarters of 2025 were ¥19,815,317.81, a decrease from ¥23,067,400.52 in the same period of 2024[29] Shareholder Information - The company reported a total of 98,138 common shareholders at the end of the reporting period[10]

Financial Performance - The company's operating revenue for Q3 2025 was ¥635,006,302.75, a decrease of 3.54% compared to the same period last year[3]. - The total profit for the quarter was ¥11,792,771.52, reflecting a significant decline of 59.72% year-over-year[3]. - Net profit attributable to shareholders was ¥12,108,796.19, down 26.24% from the previous year[3]. - Basic earnings per share were ¥0.08, a decrease of 33.33% compared to the same quarter last year[4]. - Net profit for the first three quarters of 2025 was ¥61,090,548.66, a decrease of 24.2% from ¥80,645,372.02 in the previous year[22]. - The company's gross profit margin for the first three quarters of 2025 was approximately 6.1%, down from 10.5% in the same period of 2024[22]. - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 is CNY 50,613,240.20, a decrease from CNY 68,503,024.25 in the same period of 2024, representing a decline of approximately 26.2%[23]. - The basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.36, down from CNY 0.50 in the same period of 2024, reflecting a decrease of 28%[23]. Cash Flow - The net cash flow from operating activities increased by 482.00% to ¥201,276,662.47 for the quarter[3]. - The net cash flow from operating activities decreased by 285.12 million, primarily due to reduced cash payments for goods and services[9]. - The net cash flow from operating activities for the first three quarters of 2025 is CNY 290,999,458.75, compared to a negative cash flow of CNY -157,193,144.24 in the same period of 2024, indicating a significant recovery[27]. - The cash inflow from operating activities totaled CNY 1,347,311,792.50 in 2025, down from CNY 1,789,791,450.78 in 2024, reflecting a decrease of about 24.6%[27]. - The cash outflow from operating activities was CNY 1,056,312,333.75 in 2025, compared to CNY 1,946,984,595.02 in 2024, showing a reduction of approximately 45.7%[27]. - The net cash flow from investing activities for the first three quarters of 2025 is CNY 118,986,138.52, a recovery from a negative cash flow of CNY -179,210,508.42 in the same period of 2024[28]. - The total cash inflow from financing activities in 2025 is CNY 364,474,625.00, significantly lower than CNY 1,386,540,375.72 in 2024, indicating a decrease of about 73.7%[28]. - The net cash flow from financing activities is CNY -94,701,623.66 in 2025, contrasting with a positive cash flow of CNY 943,426,862.56 in 2024, highlighting a substantial shift[28]. - The cash and cash equivalents at the end of the period for 2025 stand at CNY 1,237,198,430.05, an increase from CNY 933,244,379.58 in 2024[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,072,697,155.54, a decrease of 9.85% from the end of the previous year[4]. - The total current assets decreased to ¥4,303,093,466.22 from ¥4,884,057,321.81, a decline of 11.9%[17]. - Total liabilities decreased to ¥2,431,142,017.21 from ¥3,023,524,784.81, representing a reduction of 19.6%[19]. - The company's total assets decreased to ¥5,072,697,155.54 from ¥5,626,878,550.59, a decline of 9.8%[19]. - The equity attributable to shareholders increased slightly to ¥2,589,231,145.47 from ¥2,555,551,341.15, reflecting a growth of 1.3%[19]. - The company's equity attributable to shareholders increased by 1.32% to ¥2,589,231,145.47 compared to the previous year-end[4]. - The largest shareholder, Li Yisheng, holds 36.1% of the shares, with 50,015,692 shares pledged[13]. Market and Competition - The total profit for the reporting period decreased by 59.72% due to intensified market competition and rising raw material costs, leading to a decline in product gross margin[9]. - Investment income decreased by 1,428.13 million due to reduced returns from joint ventures affected by market fluctuations[9]. - The company plans to continue expanding its market presence and invest in new product development despite current challenges[9]. Research and Development - Research and development expenses decreased by 38.21% as new project inputs have not yet reached peak levels[9]. - Research and development expenses decreased to ¥95,146,388.94 from ¥153,977,851.84, indicating a reduction of 38.2% year-over-year[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,015[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the reporting period was -40.62 million[11]. - The company has not reported any net profit from the merged entity prior to the merger, indicating no impact on earnings from this activity[23]. Inventory and Assets Management - Cash and cash equivalents increased by 31.93% primarily due to the maturity of financial products[8]. - Inventory decreased by 30.43% as a result of improved contract acceptance management[8]. - Other current assets decreased by 52.32% mainly due to the maturity of investment products during the reporting period[8].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥229,139,367.90, representing a year-on-year increase of 7.31%[3] - The total profit for the period was ¥92,152,273.45, reflecting a 14.40% increase compared to the same period last year[3] - The net profit attributable to shareholders was ¥79,522,536.76, up 12.39% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥75,034,805.07, showing a significant increase of 14.62%[3] - The company reported a significant increase in total profit for the year-to-date, with a growth rate of 93.92% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥954,353,892.98, a significant increase of 64.2% compared to ¥581,326,469.90 in the same period of 2024[14] - Operating profit for the first three quarters of 2025 was ¥372,439,415.38, up 94.3% from ¥191,493,553.34 in the first three quarters of 2024[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥321,945,206.62, representing a 90.0% increase from ¥169,371,069.44 in the same period of 2024[15] - The basic and diluted earnings per share for the first three quarters of 2025 were ¥4.0241, up from ¥2.1775 in the same period of 2024[15] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,658,108,293.12, an increase of 4.31% from the end of the previous year[4] - Total assets as of September 30, 2025, amounted to RMB 5,658,108,293.12, an increase from RMB 5,424,490,297.32 as of December 31, 2024, reflecting a growth of approximately 4.31%[11] - Current assets totaled RMB 3,865,659,790.51, slightly down from RMB 3,950,650,303.70, indicating a decrease of about 2.15%[11] - Total liabilities stood at RMB 2,929,435,343.54, a slight decrease from RMB 2,975,932,344.77, reflecting a reduction of approximately 1.56%[12] - The company's total liabilities amounted to ¥2,957,801,825.69, slightly down from ¥3,002,047,790.19 in the previous year[13] - The total equity attributable to shareholders of the parent company increased to ¥2,700,306,467.43 from ¥2,422,442,507.13, reflecting a growth of 11.5%[13] Cash Flow - The net cash flow from operating activities for the period was negative at -¥81,474,727.77, a decrease of 188.63% compared to the same period last year[3] - Cash flow from operating activities for the first three quarters of 2025 was ¥104,411,188.87, a decrease of 76.5% compared to ¥445,285,469.94 in the same period of 2024[17] - The net cash flow from investment activities was -$205.38 million, compared to -$1.12 billion in the previous period, indicating a significant improvement[18] - Total cash inflow from financing activities was $54.24 million, down from $1.14 billion year-over-year[18] - The net cash flow from financing activities was -$40.10 million, a decrease from a positive $1.02 billion in the prior year[18] - The cash and cash equivalents at the end of the period totaled $312.44 million, down from $666.28 million at the end of the previous period[18] - The company experienced a net decrease in cash and cash equivalents of -$127.35 million, contrasting with an increase of $339.38 million in the prior year[18] - The cash outflow from investment activities totaled $2.20 billion, compared to $2.68 billion in the previous period[18] - Cash paid for dividends and interest was $89.62 million, slightly up from $86.20 million year-over-year[18] - The impact of exchange rate changes on cash and cash equivalents was a positive $13.72 million, compared to $307.37 thousand previously[18] Shareholder Information - The number of common shareholders at the end of the reporting period was 10,348[9] - The largest shareholder, Harbin Boshi Automation Co., Ltd., holds 14.40% of the shares, totaling 11,519,712 shares[9] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[10] Non-Current Assets - The company’s non-current assets totaled RMB 1,792,448,502.61, an increase from RMB 1,473,839,993.62, indicating a growth of approximately 21.66%[12] Accounting Standards - The company will not apply new accounting standards starting from 2025[19]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥331,569,518.82, representing a year-on-year increase of 13.05%[4] - The total profit for the period was ¥29,090,168.54, reflecting a growth of 3.68% compared to the same period last year[4] - Net profit attributable to shareholders was ¥27,446,666.35, with a slight increase of 0.81% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,031,086,188.35, a 22.6% increase from ¥841,021,683.32 in the same period of 2024[17] - Operating profit for the first three quarters of 2025 was ¥124,813,411.45, compared to ¥112,350,181.69 in 2024, reflecting a growth of 11.3%[18] - Net profit attributable to shareholders for the first three quarters of 2025 was ¥110,598,495.11, up from ¥101,840,013.55 in 2024, marking an increase of 8.7%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥100,077,137.98, showing a significant increase of 89.49%[8] - Cash flow from operating activities for the first three quarters of 2025 was ¥100,077,137.98, significantly higher than ¥52,813,974.71 in 2024, indicating a growth of 89.5%[20] - The total cash inflow from operating activities was ¥1,139,481,612.45 in 2025, compared to ¥838,263,068.35 in 2024, indicating a growth of 35.9%[20] - The net cash flow from investing activities was -$226.75 million, compared to -$26.92 million in the previous period, indicating a significant increase in investment outflows[21] - Total cash inflow from financing activities amounted to $537 million, a substantial increase from $11.81 million in the prior period[21] - The net cash flow from financing activities was $369.39 million, up from $6.87 million, reflecting strong financing efforts[21] - The net increase in cash and cash equivalents for the period was $243.96 million, compared to $33.14 million previously, showing improved liquidity[21] - The ending balance of cash and cash equivalents reached $560.32 million, significantly higher than $272.03 million at the end of the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,826,696,557.93, marking a 35.09% increase from the previous year-end[5] - As of September 30, 2025, the company's total assets reached ¥1,826,696,557.93, an increase from ¥1,352,230,502.39 on December 31, 2024, reflecting a growth of approximately 35%[13] - The company's cash and cash equivalents amounted to ¥656,294,217.05, up from ¥352,105,296.77, indicating an increase of about 86%[13] - Accounts receivable decreased to ¥348,729,017.96 from ¥393,468,310.38, representing a decline of approximately 11.4%[13] - Inventory levels slightly decreased to ¥310,315,034.33 from ¥329,855,918.68, showing a reduction of about 5.9%[14] - The total current liabilities decreased to ¥564,285,926.27 from ¥611,942,175.48, a reduction of approximately 7.8%[14] - Total liabilities increased to ¥617,144,249.57 in 2025 from ¥567,564,874.91 in 2024, representing a rise of 8.7%[15] - The total non-current assets increased to ¥246,205,059.54 from ¥200,452,526.96, representing a growth of about 22.8%[14] Equity and Shareholder Information - Shareholders' equity attributable to the company reached ¥1,259,131,683.02, up 71.29% compared to the previous year-end[5] - Total equity attributable to shareholders rose to ¥1,259,131,683.02 in 2025, compared to ¥735,086,252.82 in 2024, an increase of 71.2%[15] - The total number of ordinary shareholders at the end of the reporting period was 17,586[10] - The company has not disclosed any significant changes in shareholder relationships or actions during the reporting period[12] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥49,338,818.70, up from ¥41,168,932.89 in 2024, reflecting a growth of 19.8%[17] Earnings and Returns - Basic earnings per share for the quarter were ¥0.27, down 25% from the same period last year[4] - The weighted average return on equity was 2.14%, a decrease of 1.92 percentage points year-on-year[5] - The company reported a financial income of ¥4,836,163.88 in the first three quarters of 2025, compared to ¥2,789,381.18 in 2024, an increase of 73.3%[17]

Financial Performance - The company's operating revenue for the third quarter was ¥875,479,497.41, a decrease of 11.80% compared to the same period last year[5]. - Total profit for the quarter was ¥14,663,188.76, down 68.70% year-on-year[5]. - Net profit attributable to shareholders was ¥4,710,281.84, reflecting a significant decline of 89.61% compared to the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,790,116.19, a decrease of 95.67% year-on-year[10]. - Basic earnings per share for the quarter were ¥0.004, down 89.19% from the same period last year[6]. - Net profit for the first three quarters of 2025 was ¥58,058,504.90, a decline of 54.38% from ¥127,108,897.92 in 2024[20]. - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.047, compared to ¥0.101 in the same period of 2024[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥47,498,179.06, a decline of 17.64% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2025 was negative at -¥47,498,179.06, compared to -¥40,374,521.27 in 2024[23]. - Investment activities generated a net cash flow of -¥659,597,374.67 in the first three quarters of 2025, compared to -¥778,407,287.26 in 2024[23]. - Financing activities generated a net cash flow of ¥108,792,396.22 in the first three quarters of 2025, down from ¥248,671,024.41 in 2024[23]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $1.80 billion, a decrease of 15.2% compared to $2.12 billion in the same period of 2024[30]. - The net cash flow from financing activities was negative at approximately $64.54 million, compared to a positive cash flow of $35.08 million in the same period of 2024[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,610,604,960.32, a slight decrease of 0.29% from the end of the previous year[6]. - Current assets totaled RMB 5,532,990,646.19, down from RMB 5,912,383,213.59 in the previous year, indicating a decrease of approximately 6.4%[16]. - Total liabilities were RMB 3,553,443,086.57, a minor decrease from RMB 3,576,210,614.84, indicating a reduction of approximately 0.6%[18]. - The company’s total liabilities decreased to CNY 1,054,441,243.19 from CNY 1,091,437,123.13, reflecting a reduction of 3.4%[25]. Shareholder Information - Shareholders' equity attributable to shareholders was ¥8,018,971,662.17, an increase of 0.49% compared to the previous year[6]. - The total number of ordinary shareholders at the end of the reporting period was 128,082[11]. - The company repurchased 16,583,620 shares, accounting for 1.34% of the total share capital as of September 30, 2025[14]. - Total equity attributable to shareholders increased to RMB 8,018,971,662.17 from RMB 7,980,044,369.70, reflecting a growth of approximately 0.5%[18]. Operational Challenges - The company experienced a significant impact on profits due to delays in orders in the specialized equipment manufacturing and installation sector[9]. Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2025 was ¥10,712,879.42, compared to -¥28,616,937.73 in 2024[21]. - The company reported a significant increase in other comprehensive income, with a net amount of CNY 10,692,634.38 for the first three quarters of 2025, compared to a loss of CNY 28,642,000.29 in the same period of 2024[28]. Investment and R&D - The company reported a significant increase in long-term investments, with long-term equity investments rising to RMB 295,479,233.85 from RMB 292,590,524.86[16]. - Research and development expenses for the first three quarters of 2025 were CNY 53,893,636.95, down from CNY 63,732,858.53 in the same period of 2024, indicating a reduction of 15.5%[27]. Accounting Standards - The company did not apply new accounting standards for the year 2025, maintaining consistency in financial reporting[32].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,264,671,410.19, representing a year-on-year increase of 16.39%[5] - The total profit for the period was ¥52,705,341.73, a significant increase of 372.10% compared to the same period last year[5] - Net profit attributable to shareholders was ¥38,321,970.31, up 345.26% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 3,590,606,007.79, a 23.4% increase from CNY 2,910,197,257.49 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 75,507,494.18, compared to CNY 84,913,992.29 in the same period of 2024, indicating a decrease of 11.5%[21] - The company reported a comprehensive income total of CNY 100,912,522.21 for the period, compared to CNY 83,441,094.14 in the previous year[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥175,570,865.20, reflecting a 4.68% increase[5] - The company reported a significant increase in cash flow from investment activities, up 159.78% due to increased government storage funds[10] - Operating cash flow for the first three quarters of 2025 was CNY 175,570,865.20, a slight increase of 2.5% compared to CNY 167,723,209.67 in the same period of 2024[24] - Total cash inflow from operating activities reached CNY 4,106,696,703.31, up 23% from CNY 3,337,584,442.64 year-on-year[25] - Cash outflow from operating activities was CNY 3,931,125,838.11, an increase of 24% compared to CNY 3,169,861,232.97 in the previous year[25] - Net cash flow from investment activities was CNY 139,980,080.16, a significant recovery from a negative CNY 234,149,796.62 in the same period last year[25] - Cash inflow from financing activities totaled CNY 1,054,681,085.38, an increase of 22% from CNY 863,714,406.90 in 2024[27] - Net cash outflow from financing activities was CNY 51,385,651.41, compared to a net outflow of CNY 38,102,620.24 in the previous year[27] - The company received tax refunds amounting to CNY 19,927,139.23, a significant increase from CNY 7,332,873.00 in the previous year[25] - Cash inflow from the disposal of fixed assets and other long-term assets was CNY 155,957,704.43, compared to CNY 8,446,232.97 in the same period last year[25] - The company reported a cash inflow of CNY 1,030,573,621.39 from borrowings, an increase from CNY 851,312,556.90 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,117,996,213.02, a slight increase of 0.98% from the previous year[6] - The company's total assets amounted to CNY 6,117,996,213.02, slightly up from CNY 6,058,769,525.24[18] - Total liabilities were reported at CNY 2,801,839,001.34, a marginal decrease from CNY 2,811,800,229.52[18] - The company's equity attributable to shareholders reached CNY 3,000,332,883.25, an increase from CNY 2,955,555,660.81[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,416[13] - Jilin Changjiu Industrial Group Co., Ltd. holds 371,240,533 shares, accounting for 61.51% of total shares[14] - The company has no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[14] Research and Development - The company's R&D expenses increased by 130.51%, indicating a focus on enhancing product development[10] - Research and development expenses for the first three quarters of 2025 were CNY 7,602,416.93, significantly higher than CNY 3,298,037.89 in the same period of 2024, marking an increase of 130.5%[21] Earnings Per Share - The basic earnings per share for the current period was ¥0.06, reflecting a 200.00% increase compared to the previous year[5] - Basic earnings per share for the first three quarters of 2025 were CNY 0.08, down from CNY 0.11 in the same period of 2024[22] Operational Changes - There are no new strategies or significant operational changes reported for the current period[15] - The company has not engaged in any share lending or borrowing activities during the reporting period[14] - No new products or technologies were mentioned in the conference call[15]