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]

Financial Performance - The company's operating revenue for the third quarter was ¥318,200,911.07, a decrease of 13.76% compared to the same period last year[3] - The total profit for the third quarter was -¥2,824,236.36, reflecting a decline of 106.92% year-on-year[3] - The net profit attributable to shareholders was -¥9,760,277.60, down 123.72% compared to the previous year[3] - The basic earnings per share for the quarter was -¥0.03, a decrease of 130.00% year-on-year[3] - The diluted earnings per share for the quarter was also -¥0.03, reflecting a 130.00% decline compared to the previous year[10] - Total operating revenue for the first three quarters of 2025 was ¥1,112,006,114.02, a decrease of 13.2% compared to ¥1,281,219,949.92 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥1,119,900.90, a significant decline from ¥143,032,051.19 in the previous year[21] Research and Development - Research and development expenses totaled ¥47,462,015.95 for the quarter, representing 14.92% of operating revenue, an increase of 4.40 percentage points year-on-year[4] - Research and development expenses rose to ¥123,308,691.85, an increase of 29.8% compared to ¥95,034,934.76 in the same period last year[20] Assets and Equity - Total assets at the end of the reporting period reached ¥9,720,605,667.63, a 32.13% increase from the end of the previous year[4] - Shareholders' equity attributable to the company was ¥7,398,335,601.03, up 39.25% compared to the previous year[4] - The company reported a total asset value of ¥9,720,605,667.63, up from ¥7,356,705,041.15 year-over-year[17] - The company's equity attributable to shareholders reached ¥7,398,335,601.03, up from ¥5,312,981,765.12 year-over-year[17] Liabilities and Financial Expenses - Total liabilities increased to ¥2,322,270,066.60, compared to ¥2,043,723,276.03 in the previous year[17] - The company recorded a financial expense of ¥15,980,572.42, compared to a financial income of -¥8,282,090.46 in the same period last year[20] Cash Flow and Investments - The company's cash and cash equivalents amount to ¥3,377,524,417.12 as of September 30, 2025, compared to ¥1,239,198,322.57 at the end of 2024[15] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 1,269,098,589.36, a decrease of 7.8% compared to CNY 1,376,638,710.24 in the same period of 2024[24] - The net cash flow from operating activities was CNY 70,356,833.36, a significant improvement from a net outflow of CNY 52,201,248.91 in the first three quarters of 2024[25] - The cash inflow from financing activities totaled CNY 3,123,844,974.01, compared to CNY 500,000,000.00 in the same period of 2024, indicating a substantial increase[25] - The total cash and cash equivalents at the end of the period reached CNY 3,271,807,588.95, compared to CNY 928,792,788.80 at the end of the same period in 2024[25] - The cash outflow from investment activities was CNY 436,234,997.90, a decrease from CNY 503,523,586.12 in the first three quarters of 2024[25] - The net cash flow from investment activities was -CNY 434,734,997.90, worsening from -CNY 225,335,177.82 in the same period of 2024[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,575[12] - The largest shareholder, Zong Yanmin, holds 129,302,726 shares, representing 26.68% of total shares[13] - HKSCC NOMINEES LIMITED holds 54,906,000 shares, accounting for 11.33% of total shares[13] - The company has a total of 29,559 A-share shareholders and 16 H-share shareholders as of the reporting period[13] - The top ten shareholders hold a significant portion of the company's equity, with the top three alone accounting for over 45%[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[15] - There are no known related party transactions or concerted actions among the major shareholders[13] Government Subsidies - The company received government subsidies amounting to ¥9,517,954.58 during the reporting period, which positively impacted its financial performance[6] Tax and Other Comprehensive Income - The company’s tax expenses for the first three quarters of 2025 were ¥3,655,466.84, compared to ¥722,143.66 in the previous year[21] - Other comprehensive income after tax amounted to ¥1,396,941.47, compared to ¥441,676.60 in the same period last year[21] Miscellaneous - The company experienced a significant increase in sales expenses due to new product customer testing and sample submissions, contributing to the overall decline in profitability[9] - The company did not apply new accounting standards for the first time in 2025[26]

Financial Performance - The company's operating revenue for the third quarter was ¥1,341,030,490.81, a decrease of 48.54% compared to the same period last year[3] - The total profit for the quarter was -¥48,386,576.69, representing a decline of 119.76% year-on-year[3] - The net profit attributable to shareholders was -¥35,961,030.53, down 118.35% from the previous year[3] - The basic earnings per share for the quarter was -¥0.17, a decrease of 117.35% year-on-year[3] - The weighted average return on net assets was -0.84%, a decrease of 7.20 percentage points compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 was approximately ¥5.38 billion, a decrease of 10.1% compared to ¥5.98 billion in the same period of 2024[20] - Net profit for the first three quarters of 2025 was approximately ¥121.84 million, a decline of 72.8% compared to ¥433.40 million in the same period of 2024[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.56, down from ¥2.13 in the same period of 2024[22] Research and Development - Research and development expenses totaled ¥56,993,406.32, accounting for 4.25% of operating revenue, an increase of 2.22 percentage points[4] - Increased R&D expenses are aimed at developing new strategic initiatives, including smart cleaning robots and green energy solutions[9] - Research and development expenses for the first three quarters of 2025 were approximately ¥158.46 million, an increase of 23.1% from ¥128.78 million in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,929,658,481.95, a slight increase of 0.06% from the end of the previous year[4] - Total assets as of the end of the reporting period were approximately ¥9.93 billion, slightly up from ¥9.92 billion at the end of the previous period[18] - Total liabilities increased to approximately ¥5.66 billion, compared to ¥5.50 billion in the previous period, reflecting a rise of 2.9%[18] - Non-current liabilities totaled approximately ¥908.31 million, up from ¥548.55 million, indicating a significant increase of 65.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,266[11] - The largest shareholder, Cai Hao, holds 75,831,582 shares, representing 34.62% of total shares[12] - The total number of shares held by the top 10 unrestricted shareholders is 109,000,000 shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[13] Cash Flow and Investments - Net cash flow from operating activities was -1,013,804,346.18, compared to -807,416,116.16 in the previous period, indicating a decline in operational cash generation[25] - Cash inflow from investment activities totaled 2,200,715,080.50, significantly higher than 854,847,117.74 in the prior period, reflecting increased investment recovery[25] - Net cash flow from financing activities was 404,968,087.61, down from 655,455,046.54, suggesting a reduction in financing inflows[26] - The total cash and cash equivalents at the end of the period stood at 2,299,584,697.07, compared to 1,752,692,105.56 at the end of the previous period, showing an increase in liquidity[26] - Cash received from investment recovery was 2,186,000,000.00, up from 850,053,470.69, indicating improved asset liquidation[25] - Cash outflow for purchasing fixed assets and intangible assets was 266,791,671.95, compared to 122,668,063.17, reflecting increased capital expenditure[25] - Cash paid for employee compensation was 384,558,312.88, higher than 269,478,719.84, indicating increased workforce costs[25] - Cash received from tax refunds was 307,504,116.40, compared to 133,924,695.85, showing improved tax recovery efforts[25] - Total cash outflow from operating activities was 7,562,663,048.67, down from 8,100,560,553.03, indicating a reduction in operational expenses[25] - The impact of exchange rate changes on cash and cash equivalents was 4,115,998.76, compared to 2,714,209.98, reflecting currency fluctuations' effect on liquidity[26] Operational Challenges - The company faced delays in project deliveries due to rising component prices and land acquisition issues, impacting revenue recognition[8] - The company is investing in global expansion by establishing subsidiaries in various countries, including factory investments in Saudi Arabia[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥375,462,510.01, a decrease of 12.74% compared to the same period last year[4] - The total profit for the period was ¥37,275,887.05, reflecting a decline of 35.99% year-over-year[4] - The net profit attributable to shareholders was ¥34,095,054.49, down 33.95% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥31,594,098.81, a decrease of 36.18% compared to the same period last year[4] - Basic earnings per share for the quarter were ¥0.11, representing a decline of 35.29% year-over-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 1,236,925,166.60, a decrease of 14.0% compared to CNY 1,438,154,787.67 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 103,414,282.07, a decline of 44.0% from CNY 184,473,073.95 in the previous year[20] - Earnings per share for the first three quarters of 2025 was CNY 0.33, down from CNY 0.60 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the period amounted to ¥3,535,516,767.79, an increase of 6.44% from the end of the previous year[5] - The company's current assets totaled RMB 2,233,441,090.64, compared to RMB 2,132,510,933.32 in the previous period, indicating an increase of about 4.7%[15] - Total liabilities increased to RMB 930,985,590.62 from RMB 753,845,625.06, marking an increase of approximately 23.5%[16] - The total equity attributable to shareholders of the parent company increased to CNY 2,604,531,177.17 from CNY 2,567,900,459.73 year-over-year[17] - The total liabilities and equity amounted to CNY 3,535,516,767.79, up from CNY 3,321,746,084.79 in the previous year[17] Cash Flow - Cash inflow from operating activities increased to CNY 1,506,687,933.74, compared to CNY 1,352,128,407.64 in the previous year, reflecting a growth of 11.4%[24] - The net cash flow from operating activities was $351,717,047.98, a significant improvement compared to the previous year's negative cash flow of $121,442,989.64[25] - Cash inflow from investment activities totaled $1,827,651,161.63, while cash outflow was $2,366,668,184.67, resulting in a net cash flow of -$539,017,023.04[25] - Cash inflow from financing activities was $48,582,740.00, with cash outflow amounting to $71,997,931.92, leading to a net cash flow of -$23,415,191.92[25] - The total cash and cash equivalents at the end of the period were $394,174,140.77, down from $502,686,397.88 in the previous year[26] - The total cash outflow from operating activities was $1,154,970,885.76, compared to $1,473,571,397.28 in the previous year[25] Shareholder Information - The company has a total of 29,421 common shareholders as of the reporting date[12] - The top shareholder, Huang Jie, holds 40.27% of the shares, totaling 124,596,915 shares[12] - The company has no shareholders participating in the margin financing and securities lending business[13] Other Financial Metrics - The weighted average return on equity was 1.32%, a decrease of 0.65 percentage points compared to the previous year[5] - Non-recurring gains and losses for the period totaled ¥2,500,955.68, with government subsidies contributing ¥837,573.26[7] - The company reported a significant decline in profit margins due to decreased revenue and gross profit margins[9] - The company's inventory stood at RMB 1,012,449,573.62, slightly down from RMB 1,037,909,716.14, showing a decrease of about 2.5%[15] - The company reported accounts receivable of RMB 48,339,746.10, down from RMB 60,119,448.20, indicating a decrease of about 19.6%[14] - Research and development expenses for the first three quarters of 2025 were CNY 60,004,700.04, a decrease of 6.1% from CNY 64,479,800.44 in 2024[19] - Other income for the first three quarters of 2025 was CNY 5,241,031.65, down from CNY 6,099,250.85 in the previous year[19] - The company reported a decrease in investment income to CNY 6,308,331.99 from CNY 15,082,533.10 in the previous year[20] - The company paid $188,877,019.36 in employee-related cash expenses, an increase from $184,682,225.06 year-over-year[25] - Tax payments decreased to $39,595,357.37 from $77,204,926.91 in the previous year, indicating a reduction in tax liabilities[25] - The company reported cash inflow from the recovery of investments at $1,821,000,000.00, down from $2,015,000,000.00 in the previous year[25] Future Outlook - The company will implement new accounting standards starting in 2025, which may affect future financial reporting[27]

证券代码：301233 证券简称： 盛帮股份 公告编号：2025-042 成都盛帮密封件股份有限公司 2025 年第三季度报告 2025 年 10 月 成都盛帮密封件股份有限公司 2025 年第三季度报告 成都盛帮密封件股份有限公司 2025 年第三季度报告 成都盛帮密封件股份有限公司 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 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 | | --- | --- | --- | --- | --- | | | | 增减 | | 比上年同 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥99,124,570.10, an increase of 56.28% compared to the same period last year[3] - The total profit for the year-to-date period increased by 236.64% to ¥75,144,334.02, driven by accelerated recognition of existing orders[8] - The net profit attributable to shareholders for the year-to-date period was ¥73,156,729.15, reflecting an increase of 181.28% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥254,019,855.33, a significant increase of 86.5% compared to ¥136,204,551.59 in the same period of 2024[16] - Operating profit for the first three quarters of 2025 was ¥75,314,145.36, up from ¥29,028,176.64 in the previous year, reflecting a growth of 159.5%[17] - Net profit for the first three quarters of 2025 amounted to ¥73,156,729.15, compared to ¥26,008,690.89 in 2024, representing an increase of 181.5%[18] - Earnings per share for the first three quarters of 2025 were ¥0.24, compared to ¥0.09 in the same period of 2024, indicating a growth of 166.7%[18] Research and Development - Research and development expenses for Q3 2025 totaled ¥24,914,548.82, representing 25.13% of operating revenue, a decrease of 1.73 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2025 were ¥69,691,792.67, up from ¥53,745,308.87 in 2024, reflecting a growth of 29.6%[16] Assets and Liabilities - The total assets of the company increased by 5.42% to ¥2,630,881,726.62 compared to the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to ¥2,630,881,726.62, an increase from ¥2,495,661,675.70 as of December 31, 2024, reflecting a growth of approximately 5.4%[13] - The total current assets increased slightly to ¥2,238,437,547.81 from ¥2,224,014,017.34, indicating a growth of approximately 0.6%[14] - The company's fixed assets rose to ¥113,041,384.23 from ¥106,450,847.48, reflecting a growth of about 6.2%[14] - The company's non-current assets totaled ¥392,444,178.81, up from ¥271,647,658.36, indicating a significant increase of approximately 44.4%[14] - The total liabilities increased to ¥1,200,000,000, reflecting a growth of approximately 10% compared to the previous period[12] - Total liabilities increased to ¥357,001,386.83 in 2025 from ¥261,484,164.23 in 2024, showing a rise of 36.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,405[10] - The largest shareholder, Zhuhai Jiazhongtong Technology Co., Ltd., holds 41.59% of the shares[10] - The company reported a total of 1,478,000 shares held by major shareholder 郝蕾, indicating a stable ownership structure[12] Cash Flow - Cash inflow from operating activities totaled ¥409,370,442.63 in the first three quarters of 2025, compared to ¥270,862,328.58 in 2024, marking an increase of 51.3%[19] - The net cash flow from operating activities was $77,022,292.13, a significant improvement compared to a net outflow of $20,791,993.90 in the previous period[20] - Cash inflow from investment activities totaled $2,009,434,385.28, compared to $251,207,356.18 in the prior period, indicating a substantial increase[20] - The net cash flow from investment activities was $31,722,433.92, recovering from a net outflow of $239,555,583.51 previously[20] - Cash outflow from financing activities was $39,257,258.91, a decrease from $71,845,789.13 in the previous period[20] - Total cash outflows from operating activities amounted to $332,348,150.50, compared to $291,654,322.48 previously[20] Other Information - The company is actively exploring new strategies for market expansion and product development, although specific figures were not disclosed in the call[12] - The company will not apply new accounting standards starting from 2025[22]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,507,495,613.13, an increase of 14.95% compared to the same period last year[4] - The total profit for the period was ¥78,125,498.05, reflecting a growth of 17.47% year-over-year[4] - Net profit attributable to shareholders was ¥70,567,148.08, up 14.53% from the previous year[4] - The net profit excluding non-recurring gains and losses decreased by 79.94% to ¥11,690,136.39, primarily due to changes in sales structure and increased related expenses[9] - The basic earnings per share for the year-to-date period was ¥0.079, an increase of 72.37% year-over-year[4] - The company reported non-recurring gains of ¥58,877,011.69 for the current period, including a gain from the transfer of shares in a subsidiary[7] Assets and Liabilities - The total assets at the end of the period were ¥7,360,711,810.13, a decrease of 2.03% from the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 30.51% to ¥782,884,735.76 compared to the end of the previous year[5] - The total liabilities as of September 30, 2025, were RMB 6,465,252,311.40, a decrease from RMB 6,809,560,710.71 at the end of 2024, reflecting a reduction of approximately 5.1%[15] - The total assets as of September 30, 2025, were RMB 7,360,711,810.13, down from RMB 7,513,323,652.85 at the end of 2024, indicating a decrease of about 2.0%[16] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached RMB 4,502,410,058.73, a significant increase from RMB 3,172,980,176.29 in the same period of 2024, representing a growth of approximately 41.8%[18] - Total operating costs for the first three quarters of 2025 were RMB 4,380,907,718.61, compared to RMB 3,073,240,068.93 in 2024, indicating an increase of about 42.5%[18] - The gross profit margin for the first three quarters of 2025 was approximately 2.9%, down from the previous year's margin, reflecting increased costs[18] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2025, were RMB 876,785,431.34, a decrease from RMB 1,176,310,907.43 at the end of 2024, representing a decline of about 25.5%[13] - The company reported an investment income of RMB 58,258,161.42 for the first three quarters of 2025, a significant increase from RMB 4,258,597.71 in the same period of 2024[18] - The cash flow from operating activities showed a net outflow of CNY -470,170,696.61 for the first three quarters of 2025, an improvement compared to CNY -605,806,221.18 in 2024[21] - The company generated CNY 2,966,574,090.82 in cash from borrowings during the financing activities, compared to CNY 1,479,500,000.00 in the previous year, reflecting a growth of approximately 100.5%[22] - The total cash outflow from financing activities was CNY 2,857,543,855.63, which is an increase from CNY 1,150,554,622.94 in the previous year, indicating a rise of about 148.9%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 138,522[10] - The basic and diluted earnings per share for the current period were both CNY 0.079, up from CNY 0.046 in the same period last year, representing a growth of approximately 71.7%[20] Profitability - The company's net loss for the first three quarters of 2025 was RMB 5,415,793,095.40, an improvement compared to a net loss of RMB 5,561,726,924.45 in the same period of 2024[16] - The net profit for the first three quarters of 2025 reached CNY 164,981,713.01, a significant increase from CNY 99,184,362.44 in the same period of 2024, representing a growth of approximately 66.3%[19] - The operating profit for the current period was CNY 173,231,238.07, up from CNY 103,155,165.47 in the previous year, reflecting a growth of approximately 67.8%[19] - The company reported a total comprehensive income of CNY 164,200,597.81 for the current period, compared to CNY 98,528,882.20 in the previous year, marking an increase of about 66.6%[19] Inventory and Receivables - Accounts receivable as of September 30, 2025, totaled RMB 1,782,272,335.56, down from RMB 1,982,132,254.99 at the end of 2024, indicating a reduction of approximately 10.1%[13] - Inventory increased to RMB 2,328,603,610.16 as of September 30, 2025, compared to RMB 2,052,179,217.84 at the end of 2024, marking an increase of about 13.4%[14] Foreign Exchange Impact - The company recorded a foreign exchange impact of CNY 4,569,346.06 on cash and cash equivalents, compared to a negative impact of CNY -548,992.87 in the previous year[22]

Revenue and Profit - The company's revenue for Q3 2025 reached ¥1,064,997,186.02, representing a 30.74% increase compared to the same period last year[5] - The company’s revenue for the first nine months of 2025 was ¥3,194,068,836.32, up 26.48% year-on-year, attributed to improved store operations and sales growth[9] - Total operating revenue increased to ¥3,200,556,837.07, up from ¥2,530,990,987.09, representing a growth of approximately 26.4% year-over-year[27] - Net profit attributable to shareholders decreased by 98.81% to ¥24,869,746.92, while the net profit after deducting non-recurring gains and losses showed a loss of ¥39,488,061.79, a decrease of 82.61%[5] - Net profit for the period was ¥237,633,617.16, a significant decrease from ¥2,029,210,854.29 in the previous period, reflecting a decline of about 88.3%[27] - The net profit attributable to shareholders decreased by 88.83% to ¥225,532,179.86 from ¥2,019,539,587.70, primarily due to a significant reduction in restructuring gains compared to the previous year[14] Cash Flow - Operating cash flow for the period was ¥399,436,105.78, reflecting a significant increase of 260.89% year-on-year[10] - Net cash flow from operating activities improved by 260.89% to ¥399,436,105.78, compared to a negative cash flow of ¥248,265,565.55 in the same period of 2024[16] - Cash inflow from operating activities reached ¥4,806,889,972.41, compared to ¥3,921,852,509.83 in the previous period, marking an increase of approximately 22.5%[29] - Cash flow from investing activities decreased by 15.94% to -¥214,316,127.98, reflecting increased expenditures on store renovations and small loan disbursements[16] - Cash flow from financing activities showed a significant decline of 123.98% to -¥287,899,211.22, compared to a positive cash flow of ¥1,200,578,086.97 in the previous year due to large restructuring investments received[16] Assets and Liabilities - The total assets as of September 30, 2025, were ¥22,007,160,366.34, a slight decrease of 0.55% from the end of the previous year[5] - As of September 30, 2025, the total assets of the company amounted to ¥22,007,160,366.34, a decrease from ¥22,129,133,901.52 at the beginning of the period[24] - Total liabilities decreased to ¥13,439,610,108.11 from ¥13,910,956,215.84, a reduction of approximately 3.4%[26] - The company's current assets totaled ¥1,939,168,996.77, down from ¥1,970,095,952.45 at the beginning of the period, reflecting a decrease of approximately 1.57%[24] - The company's total equity attributable to shareholders rose to ¥8,207,048,932.15 from ¥7,869,179,872.68, an increase of about 4.3%[26] Expenses - Operating costs for the first nine months of 2025 reached ¥2,072,760,387.16, an increase of 30.86% compared to ¥1,583,967,309.64 in the same period of 2024, primarily due to improved store operations and supply chain efficiency[14] - Management expenses decreased by 31.28% to ¥136,701,624.92 from ¥198,922,674.70, mainly due to significant restructuring costs incurred in the previous year[14] - Research and development expenses fell by 34.97% to ¥10,983,259.66 from ¥16,890,218.01, attributed to reduced depreciation of R&D equipment[14] - Financial expenses increased by 52.65% to ¥198,291,127.19 from ¥129,899,128.52, primarily due to interest accruals on loans that were not required in the previous year[14] Shareholder Information - The company’s total equity structure changed with the release of 561,491,238 shares, accounting for 20.88% of the total share capital[20] - As of September 30, 2025, the company had a total of 2,688,699,689 shares, with 2,152,472,119 shares being freely tradable, representing 80.06% of the total[20] - The company plans to lift restrictions on shares held by financial investors, with the last batch of restricted shares released on September 30, 2025[20] Other Financial Metrics - The weighted average return on equity for the first nine months was 2.81%, down 45.77% compared to the same period last year[9] - Other income surged by 158.95% to ¥4,446,297.77 from ¥1,717,065.87, mainly driven by increased government subsidies[14] - Investment income plummeted by 90.01% to ¥242,472,405.26 from ¥2,427,242,629.71, due to the absence of significant restructuring gains recorded in the previous year[14] - The total comprehensive income for the period was ¥235,868,149.98, down from ¥1,989,827,099.66, reflecting a decline of about 88.2%[28] Accounting and Auditing - The company did not undergo an audit for the third quarter financial report[31] - The new accounting standards will be first implemented starting in 2025[32]

中顺洁柔纸业股份有限公司 2025 年第三季度报告 证券代码：002511 证券简称：中顺洁柔 公告编号：2025-67 中顺洁柔纸业股份有限公司 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 适用 □不适用 | | | 单位：元 | | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | 非流动性资产处置损益（包括已计提资产减值准备的 | -1,068,097.34 | -910,829.33 | | | 冲销部分） | | | | | 计入当期损益的政府补助（与公司正常经营业务密切 相关、符合国家政策规定、按照确定的标准享有、对 公司损益 ...

Financial Performance - The company's operating revenue for the third quarter was ¥265,380,009.12, an increase of 22.83% compared to the same period last year[2] - The total profit for the period was ¥14,848,400.94, reflecting a decrease of 62.19% year-to-date[2] - The net profit attributable to shareholders was ¥13,346,323.66, down 60.94% year-to-date[2] - The basic earnings per share were ¥0.08, a decrease of 61.54% year-to-date[2] - The weighted average return on net assets was 1.15%, a decrease of 3.41 percentage points compared to the previous year[2] - Net profit for the first three quarters of 2025 was ¥25,447,904.68, a decrease of 60.94% compared to ¥65,144,125.32 in the previous year[19] - Basic earnings per share for the first three quarters of 2025 were ¥0.15, down from ¥0.39 in the same period of 2024[19] Cash Flow - The net cash flow from operating activities was ¥17,463,475.74, a decline of 43.67% compared to the previous year[2] - The net cash flow from operating activities year-to-date decreased primarily due to reduced cash received from sales and increased cash payments for goods and services[8] - Operating cash flow for the first three quarters of 2025 was ¥48,255,857.10, down 46.39% from ¥90,060,353.35 in the same period of 2024[22] - Cash inflow from investment activities was ¥216,927,260.29, significantly lower than ¥785,224,765.22 in the previous year[22] - Cash inflow from financing activities totaled $109.12 million, an increase from $87.51 million year-over-year[23] - Cash outflow for debt repayment was $45.23 million, significantly higher than $5 million in the previous period[23] - Net cash flow from financing activities was $42.70 million, up from $7.59 million year-over-year[23] - The net increase in cash and cash equivalents was $99.68 million, compared to $87.68 million in the previous period[23] - The ending balance of cash and cash equivalents was $202.27 million, down from $280.76 million year-over-year[23] Assets and Liabilities - Total assets increased to ¥2,090,860,269.47, up 4.65% from the end of the previous year[3] - Total current assets amount to ¥902,946,283.68, a decrease from ¥914,722,307.64 in the previous period[14] - Total non-current assets increased to ¥1,187,913,985.79 from ¥1,083,186,032.60, showing a growth of about 9.7%[14] - The company’s total liabilities increased to ¥944,505,070.81, up from ¥860,308,975.55 year-over-year[15] - Long-term borrowings rose to ¥114,954,000.00, an increase of 27.4% from ¥90,054,000.00 in the previous year[15] - The total equity attributable to shareholders reached ¥1,146,355,198.66, compared to ¥1,137,599,364.69 in the previous year, reflecting a slight increase[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,506[11] - The largest shareholder, Wang Kunming, holds 66,691,300 shares, representing 39.74% of total shares[11] Research and Development - Research and development expenses totaled ¥12,366,652.26, accounting for 4.66% of operating revenue, a decrease of 0.63 percentage points year-on-year[3] - The company reported a significant increase in research and development expenses, totaling ¥34,852,518.89, compared to ¥36,264,843.83 in the previous year[18] Operational Costs - Total operating costs increased to ¥701,161,858.42, up 18.19% from ¥593,538,636.23 year-over-year[18] - The company reported a significant increase in management expenses due to expanded operational scale and increased depreciation and amortization costs[7]