Financial Performance - The company's operating revenue for the third quarter reached ¥556,331,828, representing a year-on-year increase of 46.35%[4] - The total profit for the third quarter was ¥40,561,857, marking a significant increase of 116.78% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was ¥35,748,525, reflecting an increase of 108.07% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,375,436, showing a substantial increase of 342.69% compared to the previous year[4] - The basic earnings per share for the third quarter was ¥0.06, a 100% increase from the previous year[5] - The diluted earnings per share for the third quarter was also ¥0.06, reflecting a 100% increase year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,330,942,755.58, a significant increase of 39% compared to ¥958,320,544.84 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥59,164,185.58, recovering from a loss of ¥140,183,563.06 in the first three quarters of 2024[20] - Net profit for the first three quarters of 2025 was ¥52,700,586.22, compared to a net loss of ¥117,122,676.67 in the same period of 2024[21] - Earnings per share for the first three quarters of 2025 were ¥0.09, a recovery from a loss of ¥0.20 per share in the first three quarters of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,623,171,624.43, a decrease of 4.73% from the end of the previous year[5] - The equity attributable to shareholders decreased by 2.90% to ¥2,147,116,191.46 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥3,834,040,153.75, a decrease from ¥4,134,882,203.86 at the end of 2024[15] - Total liabilities decreased from ¥2,641,303,041.77 to ¥2,476,055,432.97[16] - Total assets decreased from ¥4,852,515,844.47 to ¥4,623,171,624.43[15] - Non-current assets increased from ¥717,633,640.61 to ¥789,131,470.68[15] - The company has a total equity of ¥2,147,116,191.46 as of September 30, 2025[16] - The total assets and equity amounted to ¥4,623,171,624.43 as of the end of the reporting period, down from ¥4,852,515,844.47 in the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥94,542,854.51[5] - Cash inflow from operating activities for the first three quarters of 2025 was ¥1,334,160,894.09, slightly up from ¥1,308,828,530.09 in the same period of 2024[24] - The net cash flow from operating activities was $94.54 million, a significant improvement from a negative cash flow of $201.56 million in the previous period[25] - Total cash outflow from investing activities amounted to $1.41 billion, compared to $691.98 million in the prior period, resulting in a net cash flow from investing activities of -$333.96 million[25] - Cash outflow from financing activities was $130.48 million, slightly higher than $123.26 million in the previous period, leading to a net cash flow from financing activities of -$130.48 million[25] - The ending balance of cash and cash equivalents was $1.14 billion, down from $1.33 billion in the previous period[26] - The company paid $125.13 million in dividends and interest, compared to $121.46 million in the prior period[25] - Cash paid for other investing activities was $1.41 billion, significantly higher than $691.34 million in the previous period[25] - The total cash outflow from operating activities was $1.24 billion, down from $1.51 billion in the previous period[25] - The company received $1.07 billion from other investment-related cash inflows, compared to $620 million in the previous period[25] - The cash flow from investment activities showed a notable increase in cash inflows, reflecting a strategic focus on investment recovery[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 44,980[12] - The top two shareholders, Li Hui and Xin Haoying, hold 21.23% and 20.71% of shares respectively, totaling 249,460,831 shares[12] - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[13] Expenses - Total operating costs for the first three quarters of 2025 were ¥1,182,696,957.67, an increase from ¥945,438,597.15 in the first three quarters of 2024[19] - Research and development expenses for the first three quarters of 2025 were ¥44,857,232.95, a slight decrease from ¥46,518,822.71 in the same period of 2024[19] - Financial expenses for the first three quarters of 2025 increased to ¥10,669,765.53 from ¥4,156,627.15 in the same period of 2024[19] Credit Impairment - The company reported a significant reduction in credit impairment losses, which were -¥128,228,201.21 compared to -¥140,922,103.05 in the same period of 2024[20] Accounting Standards - The company did not apply new accounting standards starting from 2025, indicating a stable approach to financial reporting[27]

Financial Performance - The company's operating revenue for the third quarter reached ¥182,547,292.94, an increase of 31.43% compared to the same period last year[3] - The total profit for the third quarter was ¥42,961,816.73, reflecting a growth of 5.76% year-over-year[3] - The net profit attributable to shareholders was ¥38,053,474.71, up by 8.23% from the previous year[3] - Total revenue for the first three quarters of 2025 reached ¥520,117,203.20, a significant increase of 54% compared to ¥337,836,114.63 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥126,971,331.20, representing a 123% increase from ¥56,816,007.20 in the same period of 2024[22] - Earnings per share for the first three quarters of 2025 were ¥0.81, compared to ¥0.51 in the same period of 2024[22] Research and Development - Research and development expenses totaled ¥19,487,219.09 for the quarter, representing an increase of 267.98% year-to-date[4] - Research and development expenses for the first three quarters of 2025 were ¥36,356,680.00, an increase from ¥28,578,274.28 in the same period of 2024[21] - The company plans to continue expanding its product offerings and enhancing research and development efforts to drive future growth[8] Assets and Liabilities - The total assets of the company as of the end of the reporting period were ¥1,909,146,918.19, a 15.85% increase from the end of the previous year[4] - The total assets of the company as of the end of the reporting period amounted to ¥1,909,146,918.19, an increase from ¥1,647,900,520.96 in the previous year[18] - Total liabilities increased to ¥877,236,659.23 from ¥729,578,120.25 year-over-year[18] - The company's equity attributable to shareholders reached ¥1,031,910,258.96, up from ¥918,343,435.50 in the previous year[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥60,102,105.21, showing a 124.34% increase compared to the previous year[3] - Cash inflow from operating activities for the first three quarters of 2025 reached approximately $553.59 million, a significant increase from $402.66 million in the same period of 2024, representing a growth of about 37.4%[25] - The net cash flow from operating activities for the first three quarters of 2025 was $60.10 million, compared to $26.79 million in 2024, indicating a year-over-year increase of approximately 124.8%[25] - Cash outflow from operating activities totaled $493.49 million in the first three quarters of 2025, compared to $375.87 million in 2024, reflecting an increase of approximately 31.4%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,072[11] - Sichuan Saino Investment Co., Ltd. holds 47,824,000 shares, accounting for 30.39% of total shares[12] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[13] - The company has not received any declarations from other shareholders regarding related party relationships or concerted actions[13] Investment and Income - The company reported a significant increase in investment income, which rose to ¥1,055,691.00 from ¥624,137.28 year-over-year[21] - Deferred income increased to ¥21,276,718.80 from ¥4,088,005.79, indicating growth in future revenue recognition[18]

Financial Performance - In Q3 2025, the company achieved operating revenue of CNY 1,159,667,562.44, representing a year-on-year increase of 25.76%[3] - The total profit for the period was CNY 17,224,271.77, a decrease of 39.87% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 32,805,644.15, an increase of 8.29% year-on-year, while year-to-date net profit increased by 48.87% to CNY 63,124,730.33[3] - The basic and diluted earnings per share for the period were both CNY 0.08, reflecting a year-on-year increase of 14.29%[3] - Total operating revenue for the first three quarters of 2025 reached ¥3,169,954,972.74, an increase of 24.3% compared to ¥2,551,612,645.70 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥27,500,245.11, slightly down from ¥27,723,807.69 in the previous year[22] - The net profit attributable to the parent company for the first three quarters of 2025 is CNY 63,124,730.33, compared to CNY 42,401,236.32 in the same period of 2024, representing a year-over-year increase of approximately 48.9%[23] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.16, up from CNY 0.10 in the same period of 2024, indicating a 60% increase[23] Research and Development - The company invested CNY 77,061,267.64 in R&D during the quarter, accounting for 6.65% of operating revenue, which is an increase of 0.07 percentage points[4] - Research and development expenses for the first three quarters of 2025 were ¥219,242,744.73, an increase from ¥154,701,217.21 in the same period of 2024, highlighting a focus on innovation[22] Assets and Liabilities - Total assets at the end of the period reached CNY 15,351,139,606.05, reflecting a year-on-year increase of 12.42%[4] - Cash and cash equivalents as of September 30, 2025, amounted to ¥2,689,502,231.87, an increase from ¥1,827,290,229.20 at the end of 2024[16] - Total assets as of September 30, 2025, were ¥15,351,139,606.05, up from ¥13,655,476,763.66 at the end of 2024, indicating growth in the company's asset base[18] - Total liabilities as of September 30, 2025, were ¥11,265,478,954.61, compared to ¥9,618,404,180.87 at the end of 2024, showing an increase in financial obligations[18] - The company's total equity as of September 30, 2025, was ¥4,085,660,651.44, slightly up from ¥4,037,072,582.79 at the end of 2024[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,044[11] - Zhejiang Yongshun Chip Electronics Co., Ltd. holds 74,210,000 shares, accounting for 18.08% of total shares[11] - Zhejiang Landi Group Co., Ltd. holds 31,000,000 shares, representing 7.55% of total shares[12] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding 18.08%[11] - The company has a repurchase account holding 5,103,601 shares, which is 1.24% of the total share capital[13] - The report indicates no changes in the lending/borrowing of shares among the top ten shareholders compared to the previous period[14] - There are no applicable reminders regarding the company's operational situation during the reporting period[14] - The company has not disclosed any significant changes in the shareholding structure of the top ten shareholders due to margin trading[14] Cash Flow - Cash inflows from operating activities for the first three quarters of 2025 amount to CNY 3,596,617,846.77, compared to CNY 3,259,225,348.60 in the same period of 2024, reflecting an increase of approximately 10.4%[26] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 1,146,913,650.96, slightly down from CNY 1,216,353,486.73 in the same period of 2024[26] - Cash outflows from investing activities for the first three quarters of 2025 total CNY 1,857,374,178.43, compared to CNY 2,070,338,203.46 in the same period of 2024, indicating a decrease of approximately 10.3%[27] - The net cash flow from financing activities for the first three quarters of 2025 is CNY 1,429,734,776.81, compared to CNY 872,084,971.07 in the same period of 2024, representing an increase of approximately 63.9%[27] - The cash and cash equivalents at the end of the first three quarters of 2025 amount to CNY 1,958,415,338.70, up from CNY 1,345,261,815.42 at the end of the same period in 2024[27] Operational Strategy - The company plans to enhance cooperation with major clients, including leading design firms in Taiwan, to boost competitiveness and market share[5] - New product lines such as Bumping, CP, and FC-BGA will be developed to improve process capabilities and customer service[5] - The company aims to maintain revenue growth through continuous optimization of market and product strategies[5] Audit and Compliance - The report does not include any audit opinion type applicable for the quarter[15] - The company has not identified any other important information regarding its operational situation during the reporting period[14] - The company has not applied new accounting standards or interpretations for the first time in 2025[28]

Revenue and Profit - Operating revenue for Q3 2025 reached CNY 420,014,573.58, an increase of 12.27% compared to the same period last year[4]. - Total profit for Q3 2025 decreased by 64.27% year-on-year to CNY 12,799,895.18, primarily due to increased purchasing costs[4][9]. - Net profit attributable to shareholders for Q3 2025 was CNY 9,117,869.30, down 70.08% year-on-year[4][9]. - The company achieved a 9.93% year-on-year increase in electricity sales volume, contributing to revenue growth[6]. - Total operating revenue for the first three quarters of 2025 reached ¥1,147,128,239.44, an increase of 9.05% compared to ¥1,052,025,338.35 in the same period of 2024[18]. - Operating profit for the first three quarters of 2025 was ¥19,827,449.19, compared to ¥9,378,590.21 in 2024, indicating a significant increase of 111.06%[18]. - Net profit for the first three quarters of 2025 was ¥3,805,373.58, a recovery from a net loss of ¥7,361,199.00 in the same period of 2024[19]. - The net profit for the first three quarters of 2025 was ¥63,492,050.15, representing a growth of 6.4% from ¥59,357,665.55 in the first three quarters of 2024[26]. Cash Flow - Cash flow from operating activities for the year-to-date period increased by 72.55% to CNY 355,180,514.73[4][9]. - Cash flow from operating activities for the first three quarters of 2025 was ¥355,180,514.73, an increase of 72.25% from ¥205,839,882.87 in 2024[21]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥1.21 billion, an increase from ¥1.08 billion in the same period of 2024, representing a growth of about 11.3%[29]. - The net cash flow from operating activities for the first three quarters of 2025 was approximately ¥308.33 million, compared to ¥171.40 million in 2024, indicating a significant increase of approximately 80.2%[29]. - The cash inflow from sales of goods and services for the first three quarters of 2025 was approximately ¥1.13 billion, compared to ¥1.06 billion in 2024, marking an increase of about 6.7%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,123,275,831.76, a decrease of 0.79% from the end of the previous year[5]. - The company’s equity attributable to shareholders increased by 0.60% year-on-year to CNY 1,219,832,505.69[5]. - As of September 30, 2025, the total assets of Sichuan Xichang Electric Power Co., Ltd. amounted to CNY 4,123,275,831.76, a slight decrease from CNY 4,156,220,454.56 at the end of 2024[14]. - The company's current assets increased to CNY 575,163,016.45 from CNY 490,761,342.59, representing a growth of approximately 17.2%[14]. - Total liabilities decreased slightly to CNY 2,766,115,057.78 from CNY 2,794,061,336.05, a reduction of about 1%[16]. - The company's total equity stood at CNY 1,357,160,773.98, down from CNY 1,362,159,118.51, indicating a decrease of approximately 0.4%[16]. - The non-current assets totaled CNY 3,548,112,815.31, down from CNY 3,665,459,111.97, reflecting a decrease of about 3.2%[15]. - The total assets as of September 30, 2025, amounted to ¥2,633,643,632.78, up from ¥2,560,543,593.58 at the end of 2024, indicating a growth of 2.85%[25]. - The total liabilities increased to ¥1,123,175,884.70 as of September 30, 2025, compared to ¥1,107,377,560.53 at the end of 2024, reflecting a rise of 1.43%[25]. Financial Expenses and Earnings - Financial expenses decreased by 33.28% year-on-year, reflecting effective cost control measures[6]. - The company reported a decrease in financial expenses from ¥48,464,895.79 in 2025 to ¥72,634,135.33 in 2024, indicating a reduction of 33.33%[18]. - The basic and diluted earnings per share for Q3 2025 were CNY 0.0250, a decrease of 70.10% compared to the same period last year[5][9]. - The basic earnings per share for the first three quarters of 2025 was ¥0.0339, compared to ¥0.0136 in 2024, marking an increase of 148.53%[19]. - The financial expenses decreased significantly to ¥2,761,223.48 from ¥25,351,642.53, a reduction of approximately 89.1%[26]. Employee Compensation - The company reported a significant increase in employee compensation payable, which rose to CNY 104,934,269.49 from CNY 54,023,936.52, an increase of about 94.5%[16]. - The cash outflow for employee compensation in the first three quarters of 2025 was approximately ¥137.51 million, slightly down from ¥142.97 million in 2024, indicating a decrease of about 3.2%[29].

Financial Performance - The company's operating revenue for Q3 2025 was ¥140,721,532.16, a decrease of 27.95% compared to the same period last year[3] - The total profit for the year-to-date period was -¥2,143,658.69, with a year-on-year decline of 33.55%[3] - The net profit attributable to shareholders was -¥5,094,443.53, reflecting a significant decrease of 46.39% year-on-year[3] - The basic earnings per share for the year-to-date period was -¥0.005, down 47.06% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 was CNY 507.05 million, a decrease of 28.7% compared to CNY 711.50 million in the same period of 2024[15] - Net profit for the first three quarters of 2025 was CNY 19.82 million, a decline of 44.5% compared to CNY 35.67 million in 2024[16] - Operating profit for the first three quarters of 2025 was CNY 36.82 million, a decrease of 31.5% from CNY 53.70 million in 2024[15] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.018, down from CNY 0.034 in 2024[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,827,588,304.69, a decrease of 1.51% from the end of the previous year[3] - As of September 30, 2025, total assets amounted to CNY 2,827,588,304.69, a slight decrease from CNY 2,870,900,662.96 as of December 31, 2024[12] - Current assets totaled CNY 1,688,563,685.13, showing a marginal increase from CNY 1,665,330,114.19 in the previous period[12] - Total liabilities decreased to CNY 420,579,687.73 from CNY 464,755,785.64, indicating a reduction in financial obligations[13] - The company's total equity stood at CNY 2,407,008,616.96, slightly up from CNY 2,406,144,877.32[13] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥62,009,588.73, a decrease of 13.01%[3] - Cash flow from operating activities for the first three quarters of 2025 was CNY 62.01 million, down 13.0% from CNY 71.28 million in 2024[17] - Cash flow from investing activities for the first three quarters of 2025 was negative CNY 109.17 million, an improvement from negative CNY 469.18 million in 2024[18] - The company reported a total cash inflow from operating activities of CNY 581.18 million, compared to CNY 857.85 million in the previous year[17] - Cash and cash equivalents at the end of the first three quarters of 2025 were CNY 722.45 million, slightly up from CNY 713.91 million in 2024[18] Shareholder Information - The company had a total of 58,035 common shareholders at the end of the reporting period[8] - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., held 39.04% of the shares[8] - The company reported a total of 4,417,000 shares held by major shareholders, with no changes in the top 10 shareholders[10] Operational Insights - The decline in net profit was primarily due to reduced revenue and gross profit in the retail and leasing sectors[6] - The company's cash and cash equivalents were CNY 722,653,853.84, down from CNY 816,176,334.10[12] - Accounts receivable increased to CNY 63,762,329.34 from CNY 55,740,824.61, reflecting improved collection efforts[12] - Inventory decreased to CNY 290,590,709.88 from CNY 303,426,947.68, suggesting better inventory management[12] - Non-current assets totaled CNY 1,139,024,619.56, down from CNY 1,205,570,548.77, indicating a reduction in long-term investments[12] - The company has not disclosed any significant new strategies or product developments during the reporting period[10] - The company has not adopted new accounting standards or interpretations affecting the financial statements for the year[19]

Financial Performance - The company's operating revenue for the third quarter was CNY 201,475,723.65, a decrease of 5.96% compared to the same period last year[3]. - The total profit for the quarter was CNY 8,195,761.18, representing a significant increase of 172.80% year-over-year[3]. - The net profit attributable to shareholders was CNY 5,068,880.18, up 138.83% from the previous year[3]. - The net profit after deducting non-recurring gains and losses for the quarter was CNY 1,870,852.74, an increase of 112.06% year-over-year[3]. - The basic earnings per share for the quarter was CNY 0.0214, reflecting a growth of 139.10% compared to the same period last year[3]. - Total revenue for the first three quarters of 2025 was CNY 579,532,304.23, a decrease of 7.25% compared to CNY 624,826,509.51 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was CNY 43,145,933.46, compared to a net loss of CNY 40,531,084.33 in the same period of 2024[22]. - Operating profit for the first three quarters of 2025 was CNY 46,580,778.92, a significant improvement from a loss of CNY 45,407,491.72 in 2024[22]. - The basic earnings per share for the first three quarters of 2025 was CNY 0.1829, compared to a loss per share of CNY 0.1698 in 2024[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,064,671,239.13, an increase of 2.62% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, were CNY 1,064,671,239.13, compared to CNY 1,037,480,709.88 at the end of 2024[19]. - Total liabilities as of September 30, 2025, were CNY 384,041,320.03, a decrease from CNY 400,265,798.59 at the end of 2024[19]. - The equity attributable to shareholders increased to CNY 679,610,193.09, up 6.86% from the previous year[4]. - The company's equity attributable to shareholders increased to CNY 679,610,193.09 as of September 30, 2025, from CNY 635,984,675.93 at the end of 2024[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 76,487,808.21, showing a significant increase of 346.87%[3]. - Cash inflow from operating activities for the first three quarters of 2025 was $619,001,084.39, a decrease of 9.9% compared to $687,032,837.81 in the same period of 2024[26]. - Net cash flow from operating activities turned positive at $76,487,808.21 in 2025, compared to a negative cash flow of -$30,982,951.89 in 2024[26]. - Cash inflow from investment activities totaled $587,347,530.52 in 2025, up from $407,378,934.18 in 2024, marking a significant increase of 44.1%[26]. - Cash inflow from financing activities was $194,000,130.25 in 2025, compared to $163,148,953.36 in 2024, reflecting an increase of 18.9%[27]. - The total cash and cash equivalents at the end of Q3 2025 reached $158,057,739.88, up from $108,875,835.74 at the end of Q3 2024[27]. Cost Management - The company attributed the profit increase to channel optimization, product structure adjustments, and cost reduction efforts[8]. - Total operating costs for the first three quarters of 2025 were CNY 534,503,467.45, down 16.34% from CNY 638,734,538.82 in 2024[22]. - Research and development expenses for the first three quarters of 2025 were CNY 15,643,630.09, down from CNY 21,305,512.17 in 2024, reflecting a strategic focus on cost management[22]. - The company paid $221,054,764.09 for goods and services in 2025, a decrease of 35.4% from $341,683,671.19 in 2024[26]. - The company reported a cash outflow of $119,041,917.79 for other operating activities in 2025, down from $147,743,730.85 in 2024, indicating a reduction of 19.4%[26]. Shareholder Information - The company reported a total of 10 major shareholders, with Liang Feng holding 24.90% of shares, followed by Wang Weidong with 8.82%[11]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12]. - The company will continue to fulfill its information disclosure obligations as the acquisition progresses, urging investors to be aware of investment risks[13]. Acquisitions and Restructuring - The company is planning to acquire a 71% stake in Sichuan Yindile Materials Technology Group Co., Ltd. through a combination of issuing shares and cash payment, which constitutes a major asset restructuring[12]. - The share transfer of 100% equity of Shanghai Ribao Zhisheng Industrial Co., Ltd. to Shanghai Ribao Investment Holdings Co., Ltd. was completed for a price of RMB 138.5 million, generating a transfer gain of RMB 35.04 million[14]. - The company has received inquiries from the Shanghai Stock Exchange regarding the asset acquisition, which is pending approval from the China Securities Regulatory Commission[13]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the year-to-date totaled CNY 40,566,783.25, with a significant portion coming from government subsidies and other non-operating income[7].

Financial Performance - The company's operating revenue for the third quarter was ¥2,299,201,965.80, a decrease of 35.99% compared to the same period last year[5]. - The total profit for the quarter was ¥105,226,353.33, reflecting a decline of 3.97% year-on-year[5]. - The net profit attributable to shareholders was ¥64,901,774.03, down 4.46% from the previous year[5]. - The basic earnings per share for the quarter was ¥0.19, a decrease of 5.00% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2025 was CNY 6,603,502,835.09, a decrease of 27.7% compared to CNY 9,151,657,324.04 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 reached CNY 251,579,796.29, representing an increase of 2.3% from CNY 245,660,796.81 in 2024[19]. - The total profit for the first three quarters of 2025 was CNY 209,706,555.28, compared to CNY 194,559,586.18 in 2024, marking an increase of about 7.8%[32]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period increased by 48.77%, amounting to ¥471,019,351.48, due to improved accounts receivable collection[6][10]. - The company's operating cash inflow totaled CNY 8,147,012,741.07, a decrease of 9.5% from CNY 9,000,772,610.89 in the previous period[23]. - The net cash flow from operating activities was CNY 471,019,351.48, an increase of 48.7% compared to CNY 316,611,347.90 last year[23]. - The total current assets decreased to CNY 1,110,640,227.48 from CNY 1,502,017,053.66, reflecting a decline of 26.1%[26]. - The company's total cash outflow from operating activities was CNY 3,734,212,841.09 in the first three quarters of 2025, compared to CNY 4,556,892,792.55 in 2024, showing a decrease of approximately 18.1%[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,324[12]. - The largest shareholder, Qingdao Zhongchuang United Investment Development Co., Ltd., holds 182,000,000 shares, accounting for 52.50% of total shares[12]. Liabilities and Equity - Total liabilities decreased to ¥1,553,307,720.43 from ¥1,893,372,429.97 year-over-year[16]. - The company reported a decrease in total liabilities and equity by 7.8% year-over-year[17]. - The total liabilities decreased to CNY 814,088,823.43 from CNY 987,080,708.31, a reduction of 17.5%[28]. Investment and Income - Non-recurring gains for the quarter totaled ¥1,101,140.52, with significant contributions from government subsidies and other non-operating income[8]. - Investment income for the first three quarters of 2025 was CNY 23,597,966.08, an increase of 47.8% from CNY 15,935,032.01 in 2024[19]. - The investment income increased to CNY 159,210,055.88 from CNY 140,453,018.03, reflecting a growth of 13.4%[31]. Other Financial Metrics - The weighted average return on equity was 2.80%, down 0.20 percentage points year-on-year[6]. - The gross profit margin for the first three quarters was approximately 3.9%, down from 2.1% in the previous year[31]. - The company incurred a credit impairment loss of CNY 1,696,462.56 in the current period, a significant increase from CNY 13,653,321.45 in the previous period[32].

Financial Performance - The company's operating revenue for the third quarter was ¥443,627,294.68, an increase of 27.84% compared to the same period last year[4] - The total profit for the quarter was ¥57,528,085.83, a decrease of 21.80% year-on-year[4] - The net profit attributable to shareholders was ¥61,707,348.67, down 12.87% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥42,108,233.23, which represents a slight increase of 1.98%[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,261,838,782.76, compared to ¥908,204,370.68 in the same period of 2024, indicating a year-over-year increase of approximately 39%[25] - Net profit for the first three quarters of 2025 was ¥188,653,761.80, compared to ¥163,641,791.74 in 2024, reflecting an increase of approximately 15%[26] - The company reported a total comprehensive income of ¥188,312,799.99 for the first three quarters of 2025, up from ¥163,413,851.24 in 2024, representing an increase of approximately 15%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,853,471,108.68, reflecting a 7.96% increase from the end of the previous year[5] - The company's total assets amounted to RMB 4,853,471,108.68, up from RMB 4,495,818,200.43 at the end of 2024, reflecting an increase of about 8%[22] - The company's total liabilities as of September 30, 2025, were RMB 1,239,819,164.32, compared to RMB 1,080,532,389.40 at the end of 2024, marking an increase of approximately 14.7%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,829[11] - Hengtong Group Co., Ltd. holds 504,153,332 shares, accounting for 16.95% of total shares[12] - Suzhou Hengtong Yongxu Venture Capital holds 322,231,091 shares, representing 10.83% of total shares[12] - The top ten shareholders do not have any changes in their shareholding due to securities lending activities[12] Cash Flow - The company reported a cash flow from operating activities of ¥8,980,451.08 for the year-to-date[4] - Cash flow from operating activities generated a net amount of ¥8,980,451.08, a recovery from a negative cash flow of ¥62,436,017.73 in the previous year[30] - Cash flow from investing activities showed a net outflow of ¥422,211,889.30, worsening from a net outflow of ¥131,248,274.32 in the same period last year[31] - Cash flow from financing activities yielded a net inflow of ¥239,975,766.95, compared to a slight outflow of ¥6,268,615.19 in the previous year[31] Equity and Investments - The equity attributable to shareholders increased by 5.81% to ¥3,613,651,944.36 compared to the previous year[5] - Long-term equity investments increased to RMB 1,674,891,998.18 as of September 30, 2025, from RMB 1,581,854,668.21 at the end of 2024, representing a rise of about 5.9%[21] - The company's retained earnings increased to RMB 383,469,161.99 as of September 30, 2025, compared to RMB 194,815,400.19 at the end of 2024, showing a significant growth of approximately 96.5%[22] Legal Matters - The company has initiated legal proceedings against parties for overdue transaction intention funds, with a court ruling in favor of the company[13] - The company has received execution funds amounting to RMB 24.48 million from legal proceedings, with remaining amounts still pending[17] - The company is closely monitoring the progress of legal matters to protect the interests of the company and its shareholders[17] Research and Development - Research and development expenses surged to ¥59,479,278.91, up from ¥26,936,007.87, indicating a growth of around 121%[26] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[32]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,040,055,794.10, an increase of 8.38% compared to the same period last year[4] - Total profit for the period was ¥254,217,904.77, reflecting a growth of 24.70% year-over-year[4] - Net profit attributable to shareholders was ¥220,684,325.60, up 21.71% from the previous year[4] - For the period from January to September 2025, the company achieved a total revenue of RMB 515,519.39 million, with domestic sales contributing RMB 356,479.25 million and international sales RMB 159,040.14 million[14] - The company reported a net profit attributable to shareholders of RMB 48,564.49 million for the same period, reflecting a year-on-year growth of 20.27%[16] - Total operating revenue for the first three quarters of 2025 reached ¥5,194,303,709.34, an increase of 8.25% compared to ¥4,798,550,556.02 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥482,498,759.78, representing a 20.5% increase from ¥400,405,677.55 in 2024[23] - Basic earnings per share for the first three quarters of 2025 were ¥1.07, compared to ¥0.91 in the same period of 2024, indicating a 17.6% increase[24] Research and Development - The R&D investment totaled ¥78,105,909.85, accounting for 3.83% of operating revenue, a decrease of 0.27 percentage points compared to the previous year[5] Assets and Liabilities - Total assets increased by 6.42% to ¥10,233,393,967.47 compared to the end of the previous year[5] - Total liabilities increased to ¥5,525,115,784.40 from ¥5,169,492,684.14, representing a growth of 6.87%[20] - Non-current liabilities totaled ¥1,192,025,048.80, compared to ¥1,108,798,434.97 in the previous year, reflecting an increase of 7.5%[20] - The company's goodwill and long-term prepaid expenses amounted to ¥408,490.73, up from ¥188,679.36, indicating a significant increase[19] - The deferred income tax assets rose to ¥155,751,512.08 from ¥138,110,542.87, showing an increase of 12.1%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥178,054,054.99, showing improvement compared to the previous year[9] - Cash generated from operating activities in the first three quarters of 2025 was ¥4,637,310,215.80, an increase from ¥3,970,160,163.46 in 2024, marking a growth of 16.8%[26] - The net cash inflow from operating activities was CNY 178,054,054.99, a significant improvement compared to a net outflow of CNY 87,157,672.54 in the previous period[27] - Total cash inflow from investment activities was CNY 445,262,807.91, down from CNY 523,776,138.86 in the prior period, resulting in a net cash outflow of CNY 307,570,285.45[27] - Cash inflow from financing activities totaled CNY 1,242,445,713.78, an increase from CNY 1,031,653,554.79, with a net cash inflow of CNY 163,797,440.79[28] - The company reported a net increase in cash and cash equivalents of CNY 41,298,927.92, compared to a net decrease of CNY 43,128,543.19 in the previous period[28] Operational Efficiency - The company has optimized its customer base, leading to improved cash collection from accounts receivable, which increased by ¥6.67 million compared to the previous year[10] - The gross profit margin improved to 26.08%, an increase of 1.87 percentage points compared to the previous year[16] - The company continues to enhance its digital transformation efforts, optimizing operational efficiency and improving management quality[16] Sector Performance - Sales revenue from AI Data Center (AIDC) and IDC sectors reached RMB 974 million, marking a significant year-on-year increase of 337.47%[15] - The sales revenue in the wind power sector grew by 71.21% year-on-year, while the power generation and supply sectors increased by 35.10%[15] Inventory and Current Assets - As of September 30, 2025, the company's total current assets amounted to RMB 7,579,973,013.72, up from RMB 7,029,210,412.28 at the end of 2024[18] - The company's cash and cash equivalents stood at RMB 620,116,846.97, compared to RMB 559,933,326.28 at the end of 2024[18] - The inventory level increased to RMB 2,627,416,613.75 from RMB 2,119,365,936.14 year-on-year[18] Future Plans - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[29]

Financial Performance - The company's operating revenue for the third quarter reached ¥564,949,475.46, an increase of 27.81% compared to the same period last year[4] - The total profit for the quarter was ¥22,516,667.99, reflecting a significant increase of 155.23% year-over-year[4] - Net profit attributable to shareholders was ¥20,697,995.29, up by 105.50% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥13,405,610.56, which represents a 40.47% increase from the same period last year[10] - The basic earnings per share for the quarter was ¥0.18, marking a 100.00% increase year-over-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,597,113,542.33, a 34.1% increase from ¥1,190,992,767.64 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥95,762,246.07, compared to ¥84,577,939.88 in the same period of 2024, reflecting a growth of 13.9%[21] - Operating profit for the first three quarters of 2025 was ¥106,407,075.05, an increase from ¥92,685,202.76 in the previous year, marking a growth of 14.9%[20] - The company reported a basic earnings per share of ¥0.83 for the first three quarters of 2025, down from ¥0.88 in the same period of 2024[21] - The company reported a total profit of ¥55.25 million for the first three quarters of 2025, compared to ¥46.27 million in 2024, marking an increase of 19.67%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,416,060,375.13, a 10.60% increase from the end of the previous year[5] - The total assets of the company amounted to ¥2,416,060,375.13, compared to ¥2,184,438,873.65 in the previous year, representing a growth of 10.6%[17] - Total liabilities increased to ¥1,096,462,579.37, up from ¥827,550,545.97, reflecting a growth of 32.5%[17] - The total liabilities as of September 30, 2025, were approximately $861.60 million, an increase from $813.19 million as of December 31, 2024[28] - The company's equity attributable to shareholders was ¥1,315,653,533.29, a slight decrease from ¥1,351,929,793.98 year-over-year[17] - The total equity as of September 30, 2025, was approximately $864.79 million, down from $949.64 million as of December 31, 2024[28] Cash Flow - The company reported a net cash flow from operating activities of -¥86,842,162.23 for the year-to-date, a decrease of 103.64% compared to the previous year[4] - The cash flow from operating activities for the first three quarters of 2025 showed a positive trend, although specific figures were not detailed in the provided content[22] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $1.35 billion, an increase from $1.02 billion in the same period of 2024, representing a growth of about 32.3%[23] - The net cash flow from operating activities for the first three quarters of 2025 was -$86.84 million, worsening from -$42.64 million in the first three quarters of 2024[23] - The net cash flow from investment activities for the first three quarters of 2025 was -$34.16 million, an improvement compared to -$56.96 million in the first three quarters of 2024[24] - The company's cash outflow from financing activities in the first three quarters of 2025 was ¥214.55 million, compared to ¥106.95 million in 2024, indicating a rise of 100.00%[32] Shareholder Information - Total number of common shareholders at the end of the reporting period was 12,944[12] - The top 10 shareholders hold a combined 66.82% of the shares, with Zhejiang Jianfeng holding 26.29% and Zhuoda holding 25.25%[12] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending[13] - There are no significant changes in the shareholder structure or related party transactions reported[14] Research and Development - Research and development expenses rose to ¥58,338,086.68, up from ¥45,702,546.78, indicating a 27.5% increase year-over-year[20] - Research and development expenses increased to ¥34.96 million in 2025, compared to ¥30.17 million in 2024, reflecting a growth of 15.00%[30] Revenue Drivers - The increase in revenue was primarily driven by a recovery in demand in the electric bicycle market and changes in the product demand structure for electric assist bicycles[9] - The company received government subsidies related to revenue, contributing to the increase in total profit and net profit for the quarter[9]