Financial Performance - The company's operating revenue for the third quarter was CNY 2,141,609,568.29, a decrease of 9.99% year-on-year[7]. - The total profit for the quarter was CNY 27,073,921.74, down 86.15% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY 49,721,283.15, reflecting a decline of 67.73% year-on-year[7]. - The basic earnings per share for the quarter was CNY 0.07, down 68.18% year-on-year[7]. - Total operating revenue for the first three quarters of 2025 was ¥5,639,659,069.15, a decrease of 22.05% compared to ¥7,233,532,303.02 in the same period of 2024[25]. - Net profit for the first three quarters of 2025 was ¥204,407,527.76, a decline of 64.60% from ¥575,788,122.33 in 2024[26]. - The company reported a total profit of ¥267,888,340.66 for the first three quarters of 2025, down 67.36% from ¥821,102,213.60 in 2024[26]. - Basic earnings per share for 2025 was ¥0.35, compared to ¥0.87 in 2024, reflecting a decrease of 59.77%[28]. Cash Flow and Assets - The net cash flow from operating activities was CNY 263,991,255.54, a decrease of 27.60% from the previous year[7]. - Cash flow from operating activities for the first three quarters of 2025 was ¥435,078,973.33, down 47.60% from ¥829,716,964.98 in 2024[32]. - Cash and cash equivalents at the end of the third quarter of 2025 were ¥1,772,964,896.08, a decrease from ¥2,281,978,952.49 at the end of the same period in 2024[33]. - The company's cash and cash equivalents were RMB 2.25 billion, compared to RMB 2.70 billion at the end of 2024, reflecting a decrease of approximately 16.9%[18]. - The company's current assets totaled RMB 3.50 billion, down from RMB 3.90 billion at the end of 2024, indicating a decline of about 10%[19]. Market Conditions and Company Response - The company attributed the decline in revenue and profits to a downturn in the coal market, affecting both prices and sales volume[10]. - The company is implementing actions to improve quality and efficiency in response to adverse market conditions[10]. - The company aims to complete its annual targets despite the challenging market environment[10]. Liabilities and Equity - The company's total liabilities were RMB 6.67 billion, down from RMB 6.92 billion at the end of 2024, indicating a reduction of approximately 3.6%[21]. - The company reported a current liability total of RMB 2.83 billion, down from RMB 3.24 billion, a decrease of about 12.9%[21]. - The company’s long-term borrowings increased to RMB 1.47 billion from RMB 1.35 billion, reflecting an increase of approximately 8.9%[21]. - The company's equity attributable to shareholders was RMB 12.81 billion, slightly up from RMB 12.81 billion at the end of 2024[22]. Production and Other Metrics - In the first three quarters of 2025, the company produced 6.17 million tons of self-produced coal and 3.37 million tons of washed coal[16]. - The company's electricity generation reached 3.05 billion kWh, while aluminum processing amounted to 81,100 tons[16]. - Research and development expenses for the first three quarters of 2025 were ¥19,170,785.49, significantly lower than ¥50,015,902.88 in 2024, indicating a reduction of 61.73%[25]. - Other income decreased to ¥6,820,081.30 in 2025 from ¥22,537,713.73 in 2024, reflecting a decline of 69.73%[26]. - Non-recurring gains and losses for the quarter amounted to CNY 1,893,357.97, with government subsidies included[9].

Financial Performance - The company's revenue for Q3 2025 reached ¥1,486,429,323.24, representing a 6.05% increase year-over-year[3] - Net profit attributable to shareholders was ¥231,897,685.96, up 33.55% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥219,677,385.21, reflecting a 45.01% increase year-over-year[3] - The basic earnings per share for Q3 2025 was ¥0.85, a 34.92% increase year-over-year[3] - Total operating revenue for the current period reached ¥4,427,028,634, an increase of 14.7% compared to ¥3,860,690,589 in the previous period[24] - Net profit for the current period was ¥601,099,301.16, representing a 21.3% increase from ¥495,476,767.98 in the previous period[26] - Basic earnings per share rose to ¥2.24, compared to ¥1.81 in the previous period, reflecting a growth of 23.7%[26] - The total comprehensive income for the current period was ¥601,210,765.07, up from ¥495,476,767.98 in the previous period[26] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,062,613,752.12, a 12.49% increase from the end of the previous year[3] - Non-current assets increased to ¥2,579,374,061.40 from ¥2,209,260,978.75, reflecting a growth of about 16.7%[22] - Total liabilities rose to ¥1,896,098,714.71 from ¥1,838,174,398.44, an increase of approximately 3.1%[23] - The company's total assets reached ¥4,062,613,752.12, up from ¥3,611,600,652.49, indicating an increase of approximately 12.5%[22] - The total equity attributable to shareholders increased to ¥2,135,978,332.46 from ¥1,734,851,729.87, a growth of about 23.1%[23] Cash Flow - Cash flow from operating activities for the year-to-date was ¥619,032,320.97, down 29.79% compared to the same period last year[3] - Cash flow from operating activities generated a net amount of ¥619,032,320.97, down 29.7% from ¥881,628,521.14 in the previous period[28] - Cash flow from investing activities resulted in a net outflow of ¥686,645,940.09, compared to a net outflow of ¥446,007,252.76 in the previous period[30] - Cash flow from financing activities yielded a net inflow of ¥87,297,726.08, contrasting with a net outflow of ¥474,455,910.56 in the previous period[30] - The company reported a total cash and cash equivalents balance of ¥248,578,589.12 at the end of the period, a decrease from ¥265,271,727.48 in the previous period[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,984[11] - Hunan Yanjin Puzhi Holding Co., Ltd. holds 37.25% of shares, totaling 101,601,157 shares[11] - Zhang Xuewen holds 14.39% of shares, totaling 39,260,203 shares, with 13,310,000 shares pledged[11] - Major shareholder Zhang Xuewen plans to reduce holdings by up to 5,455,572 shares, representing 2% of total share capital, within three months starting from August 5, 2025[18] - Zhang Xuewen completed the reduction of 2,705,000 shares through centralized bidding and 2,750,572 shares through block trading[19] Business Strategy and Operations - The company focuses on R&D innovation and smart manufacturing upgrades, enhancing digital transformation and smart manufacturing applications[14] - The company has successfully launched core products like konjac in Southeast Asia, accelerating its global strategy[14] - The company plans to distribute cash dividends of RMB 272,778,629, with a distribution ratio of RMB 10 per 10 shares[15] - The company has completed a share reduction plan, with key executives reducing their holdings by a total of 1,011,225 shares[17] - The company has established a full-channel layout in the domestic market, integrating e-commerce and offline channels[14] - The overseas market is being developed under the brand "Mowon," focusing on local consumer preferences[14] Current Assets - As of September 30, 2025, total current assets increased to ¥1,483,239,690.72 from ¥1,402,339,673.74 at the beginning of the period, reflecting a growth of approximately 5.8%[21] - Cash and cash equivalents rose to ¥258,728,141.89 from ¥235,212,032.51, an increase of about 10%[21] - Accounts receivable decreased to ¥222,461,783.59 from ¥262,257,334.20, a decline of approximately 15.2%[21] - Inventory increased to ¥766,488,289.59 from ¥744,164,798.47, showing a growth of about 3%[21] Audit Status - The company has not undergone an audit for the third quarter report[31]

Financial Performance - The company's operating revenue for Q3 2025 was ¥261,309,190.58, representing a 12.77% increase year-over-year[5] - Net profit attributable to shareholders increased by 104.38% to ¥302,344.18 in Q3 2025, while year-to-date net profit decreased by 41.09% to ¥43,117,312.38[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 159.36% to ¥4,923,720.59 for Q3 2025, with a year-to-date increase of 170.88% to ¥48,012,716.79[5] - The basic earnings per share for Q3 2025 was ¥0.0006, a 103.07% increase year-over-year[5] - The net profit decreased by 37.48% year-on-year, mainly due to the absence of non-recurring gains from the previous year's revenue recognition related to installation projects[9] - The net profit for the current period is CNY 49,393,225.51, a decrease of 37.5% compared to CNY 79,001,225.96 in the previous period[21] - The total profit for the current period is CNY 72,369,124.72, down 30.3% from CNY 103,729,187.61 in the previous period[21] - Operating profit for the current period is CNY 86,539,254.05, a decline of 16.8% from CNY 104,023,128.18 in the previous period[21] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,395,855,115.28, a 3.64% increase from the end of the previous year[5] - Total assets increased to CNY 7,395,855,115.28 from CNY 7,136,081,399.39, an increase of 3.6%[18] - Total liabilities rose to CNY 4,788,466,119.21 from CNY 4,689,533,941.40, indicating an increase of 2.1%[18] - Long-term borrowings decreased to CNY 1,720,830,644.46 from CNY 1,933,960,486.54, a reduction of 11.0%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥306,242,054.83, reflecting a significant increase of 321.95%[5] - Cash flow from operating activities generated a net amount of CNY 306,242,054.83, significantly up from CNY 72,577,338.15 in the previous period[22] - Cash flow from investing activities resulted in a net outflow of CNY 75,722,553.32, an improvement from a net outflow of CNY 189,805,116.71 in the previous period[23] - Cash flow from financing activities showed a net outflow of CNY 208,355,223.72, worsening from a net outflow of CNY 128,477,504.63 in the previous period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,517[12] - The largest shareholder, Li Yin, holds 14.47% of the shares, totaling 91,329,519 shares[12] - The total number of shares held by the top 10 unrestricted shareholders amounts to 126,034,391 shares, with significant holdings by Li Yin (22,832,380 shares) and Zhao Xiaohong (18,958,251 shares)[14] - The company’s top 10 shareholders include several private equity funds, indicating strong institutional interest in its stock[14] - The company has a diverse shareholder base, with various individuals and funds holding significant stakes, reflecting a broad investment interest[14] Investments and Acquisitions - The company’s investment strategy aligns with its operational needs and future development plans, particularly in the renewable energy sector[15] - The acquisition of Dingbian Lantian is expected to positively impact the company's operations and align with its strategic goals[15] - The company’s wholly-owned subsidiary, Harbin Jiuzhou Energy Investment Co., signed an equity transfer agreement to acquire 100% of Dingbian Lantian New Energy Technology Co. for RMB 3.92 million, enhancing its capacity in the renewable energy sector[15] Operational Costs and Revenue - Total revenue for the current period was CNY 946,763,774.48, a decrease of 2.5% compared to CNY 973,546,819.53 in the previous period[20] - Total operating costs increased to CNY 955,271,099.99, up from CNY 927,865,493.72, reflecting a rise of 2.9%[20] - The company's net investment income rose to CNY 53,113,660.38, compared to CNY 43,335,317.19 in the previous period, marking an increase of 22.6%[20] Other Financial Metrics - Cash and cash equivalents at the end of the period were CNY 362,896,036.78, up from CNY 358,329,807.28 at the beginning of the period, showing a growth of 1.6%[17] - Accounts receivable decreased to CNY 1,205,847,544.61 from CNY 1,289,161,601.12, a decline of 6.5%[17] - Inventory increased to CNY 299,264,284.14 from CNY 258,912,564.21, reflecting a growth of 15.6%[17] - The company's equity attributable to shareholders increased to CNY 2,535,998,507.78 from CNY 2,381,433,026.60, a rise of 6.5%[19] Miscellaneous - The company reported operating income of CNY 1,191,178,818.10, up from CNY 982,824,597.17 in the previous period[22] - The company has not undergone an audit for the third quarter financial report[24]

Revenue and Profit - The company's revenue for Q3 reached ¥670,148,785.93, an increase of 93.48% year-on-year, driven by strong demand in consumer electronics and successful introduction of new products [3]. - Total profit for Q3 was ¥55,574,230.21, representing a significant increase of 243.75% compared to the same period last year [3]. - Net profit attributable to shareholders for Q3 was ¥51,627,399.78, up 166.73% year-on-year, reflecting improved operational performance [3]. - Total operating revenue for the first three quarters of 2025 reached CNY 1,375,207,417.55, a significant increase from CNY 899,573,426.31 in the same period of 2024, representing a growth of approximately 53% [20]. - Net profit for the first three quarters of 2025 was CNY 30,839,424.93, down from CNY 62,273,041.37 in 2024, reflecting a decline of approximately 50% [22]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥13,282,717.06 for the year-to-date, a decline of 116.29% due to increased accounts receivable [3][9]. - Cash inflows from operating activities amounted to CNY 1,085,958,939.05 in the first three quarters of 2025, compared to CNY 854,191,870.12 in 2024, representing a growth of around 27% [24]. - The net cash flow from operating activities was -$13.28 million, a decrease from $81.54 million in the previous period [25]. - The ending balance of cash and cash equivalents was $374.67 million, slightly up from $347.68 million [26]. Assets and Liabilities - Total assets increased to ¥4,171,075,460.54, a growth of 16.70% from the end of the previous year [4]. - The company's total liabilities increased to CNY 2,232,533,798.62 in 2025 from CNY 1,965,375,847.22 in 2024, marking an increase of about 14% [19]. - The total equity attributable to shareholders rose to CNY 1,882,397,438.14 in 2025, up from CNY 1,549,500,104.41 in 2024, which is an increase of approximately 21% [19]. - The total liabilities and equity of the company reached CNY 4,171,075,460.54 in 2025, compared to CNY 3,574,070,521.71 in 2024, reflecting an increase of about 17% [19]. Research and Development - R&D investment totaled ¥37,912,520.28 in Q3, accounting for 5.66% of revenue, a decrease of 3.6 percentage points compared to the previous year [4]. - Research and development expenses for the first three quarters of 2025 were CNY 106,421,665.09, compared to CNY 91,630,273.28 in 2024, indicating an increase of approximately 16% [20]. Shareholder Information - The company reported a total of 9,179 common shareholders at the end of the reporting period [12]. - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holds 39.88% of the shares, totaling 103,760,407 shares [12]. Operational Efficiency - The subsidiary Nantong Fuliwang achieved breakeven in Q3 after previous losses, indicating improved operational efficiency [9]. - The company anticipates continued growth in revenue and profit in the upcoming quarters, supported by strong market demand for new products [8]. Impairment and Expenses - The company recorded a total asset impairment loss of ¥44,332,000 for the year-to-date, with ¥19,482,100 recognized in Q3 [9]. - The company paid $408.57 million in employee compensation, an increase from $258.51 million [25]. - Interest and fees paid amounted to $14.95 million, compared to $12.70 million previously [25].

南京通达海科技股份有限公司 2025 年第三季度报告 证券代码：301378 证券简称：通达海 公告编号：2025-059 南京通达海科技股份有限公司 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.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 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 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 97,901,969.38 | -5.26% | 251,064,802.13 | -11.40% | | 归属 ...

Financial Performance - Total revenue for the third quarter reached CNY 1,287,235,876.98, an increase of 26.18% compared to the same period last year[4] - The total profit for the quarter was a loss of CNY 5,018,475.82, representing a decrease of 1,331.78% year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 7,205,672.66, with a basic and diluted earnings per share of -CNY 0.0065, down 158.98% from the previous year[4] - The company reported a year-to-date net profit attributable to shareholders of CNY -3,284,488.69, reflecting a year-on-year decline of 34.84%[4] - Net profit for the first three quarters of 2025 was ¥2,080,604.22, compared to a net profit of ¥4,477,908.75 in 2024, indicating a significant decline[21] - The total profit for the first three quarters of 2025 was ¥2,917,734.39, down from ¥4,477,908.75 in 2024[21] - Basic and diluted earnings per share for 2025 were both -¥0.0093, compared to -¥0.0034 in 2024, indicating a worsening financial position[21] Cash Flow and Liquidity - Cash flow from operating activities generated CNY 117,122,000.43, a significant improvement compared to a negative cash flow of CNY -375,117,654.99 year-to-date[4] - The company reported a net cash flow from operating activities of -¥375,117,654.99 for the first three quarters of 2025, an improvement from -¥458,578,031.93 in 2024[23] - Cash and cash equivalents at the end of the third quarter of 2025 were ¥942,879,120.34, down from ¥956,740,058.80 at the end of the same period in 2024[24] - The company's cash and cash equivalents increased to RMB 1,433,675,558.46 from RMB 1,329,421,050.68, reflecting a growth of approximately 7.8%[15] - The company generated ¥353,044,912.42 in cash from financing activities in 2025, a significant increase from ¥60,884,774.71 in 2024[24] Assets and Liabilities - Total assets increased to CNY 7,729,018,084.49, up 6.82% from the end of the previous year[5] - The company's current assets reached RMB 4,571,457,151.71, up from RMB 4,028,044,794.58, indicating an increase of about 13.5%[15] - Inventory levels rose significantly to RMB 1,081,506,566.05 from 670,511,473.72, representing a growth of approximately 61.0%[15] - The company's short-term borrowings increased to RMB 318,659,215.38 from RMB 155,897,440.29, marking a rise of about 104.0%[16] - Total liabilities grew to RMB 4,211,208,109.77, compared to RMB 3,721,265,128.28, which is an increase of approximately 13.2%[17] - Shareholders' equity attributable to the parent company decreased slightly to CNY 2,543,679,843.03, down 0.12% from the previous year-end[5] - The company's long-term investments decreased slightly to RMB 20,957,985.54 from RMB 22,213,436.94, a decline of about 5.6%[15] Operational Performance - Total operating revenue for the first three quarters of 2025 reached ¥3,766,350,616.76, a 25.8% increase from ¥2,992,116,328.10 in the same period of 2024[20] - Total operating costs increased to ¥3,881,111,379.08 in 2025, up 26.1% from ¥3,077,603,509.13 in 2024[20] - The company recorded an operating loss of ¥5,355,653.59 in 2025, compared to an operating loss of ¥3,863,039.77 in 2024[20] - Research and development expenses increased to ¥55,030,158.33 in 2025, up from ¥47,747,739.67 in 2024, reflecting a focus on innovation[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,502[10] - The company is undergoing a significant change in its controlling shareholder from China Weapon Equipment Group Co., Ltd. to China Changan Automobile Group Co., Ltd., with the process still in progress[12] Non-Recurring Items - Non-recurring gains and losses for the period amounted to CNY 7,879,352.52, with a significant portion attributed to other non-operating income[8] - The weighted average return on net assets was -0.1201%, a decrease of 0.27 percentage points compared to the previous year[4]

Financial Performance - The company's revenue for Q3 2025 reached ¥344,790,829.53, representing an increase of 18.42% compared to the same period last year[4] - Net profit attributable to shareholders was ¥49,819,254.25, up 21.41% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥48,849,945.51, an increase of 20.57%[4] - The basic earnings per share for the period was ¥0.25, which is a 19.05% increase compared to the same period last year[4] - The company's net profit for the current period is 150,727,005.00, an increase of 41.7% compared to 106,340,508.03 in the previous period[18] - Operating profit reached 174,551,383.19, up from 126,532,312.23, reflecting a growth of 37.9%[18] - Total revenue from operating activities was 763,132,316.39, compared to 654,118,201.20, indicating an increase of 16.7%[20] - The basic and diluted earnings per share increased to 0.73 from 0.52, representing a growth of 40.4%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,361,991,271.58, reflecting a growth of 15.95% from the end of the previous year[4] - The total assets of the company reached ¥2,361,991,271.58, up from ¥2,037,018,422.27, indicating a growth of 15.9%[15] - Non-current liabilities increased to ¥245,141,254.86 from ¥68,964,681.59, showing a substantial rise of 255.5%[15] - The company's total equity rose to ¥1,635,754,470.34, compared to ¥1,513,727,901.82, reflecting an increase of 8.1%[15] - The inventory level increased to ¥129,083,240.40 from ¥121,827,977.46, which is a growth of 5.2%[13] - Accounts receivable increased significantly to ¥411,777,400.94, compared to ¥297,211,077.39 at the beginning of the period, marking a rise of 38.5%[13] Cash Flow - The cash flow from operating activities for the year-to-date was ¥82,009,848.09, showing a growth of 4.80%[4] - The net cash flow from operating activities was 82,009,848.09, slightly up from 78,255,667.92, showing a growth of 9.0%[21] - The total cash and cash equivalents at the end of the period were 258,997,802.60, down from 280,118,077.48, reflecting a decrease of 7.0%[21] - The cash and cash equivalents decreased to ¥258,997,802.60 from ¥310,560,217.29, reflecting a decline of 16.6%[13] - The company experienced a net cash flow from financing activities of 160,133,706.31, a significant improvement from -61,786,943.79 in the previous period[21] Operating Costs and Expenses - Total operating costs amounted to ¥809,024,883.35, up 18.7% from ¥681,545,061.96 in the prior period[17] - The company reported a significant increase in sales expenses, totaling 44,901,573.93, up from 36,347,617.41, which is a rise of 23.5%[18] - Research and development expenses were 39,379,768.97, remaining relatively stable compared to 39,290,831.50 in the previous period[18] - Financial expenses surged by 419.26%, mainly due to increased borrowing interest costs[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,164, with the largest shareholder holding 24.59% of the shares[10] Investment Activities - The total investment cash outflow was 343,984,289.25, compared to 229,106,313.26, indicating an increase of 50.1%[21] - The company reported a significant increase in long-term equity investments to ¥94,834,374.88 from ¥74,944,723.88, representing a rise of 26.5%[14] - The short-term borrowings rose to ¥10,282,833.33 from ¥6,993,288.90, an increase of 47.5%[14] Sales Performance - The company reported a significant increase in sales of its products, including detonators and explosives, contributing to a 40.53% rise in net profit attributable to shareholders[9]

Financial Performance - The company's revenue for Q3 2025 reached ¥5,139,834,812.13, representing a 5.35% increase compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 76.40% to ¥138,314,267.22, while the net profit after deducting non-recurring gains and losses fell by 75.70% to ¥145,153,466.59[5]. - Total revenue for the period reached ¥13,493,150,318.14, an increase of 6.4% compared to ¥12,683,822,047.95 in the previous period[20]. - Net profit for the current period is 273,989,650.52, a decrease of 76.4% compared to 1,157,824,683.36 in the previous period[21]. - Operating profit for the current period is 306,555,356.38, down from 1,170,264,360.90, reflecting a decline of 73.8%[21]. - Total comprehensive income for the current period is 274,607,234.53, down from 1,171,113,675.78 in the previous period, a decline of 76.6%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥16,074,731,863.47, an increase of 9.19% from the end of the previous year[5]. - Total liabilities increased to ¥6,948,701,299.72 from ¥5,564,778,026.44, reflecting a rise of 24.8%[18]. - The company's equity attributable to shareholders decreased slightly to ¥9,017,667,326.88 from ¥9,060,276,661.35, a decline of 0.5%[19]. - Non-current assets totaled ¥11,058,749,215.95, up from ¥10,606,750,453.24, indicating a growth of 4.2%[18]. Cash Flow - Cash flow from operating activities showed a decline of 25.75% year-to-date, totaling ¥1,340,874,098.75[5]. - Cash flow from operating activities net amount is 1,340,874,098.75, a decrease of 25.7% from 1,805,789,012.33 in the previous period[22]. - Cash flow from investing activities net amount is -1,822,135,643.85, worsening from -1,546,089,282.08 in the previous period[23]. - Cash flow from financing activities net amount is 720,398,460.58, compared to -366,319,067.23 in the previous period, indicating a significant recovery[23]. - The cash and cash equivalents at the end of the period increased to 403,862,657.92 from 245,515,478.89, reflecting a positive cash position[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,959[13]. - The largest shareholder, Cheng Lili, holds 30.65% of shares, totaling 256,630,101 shares, with 60,350,000 shares pledged[13]. - The second-largest shareholder, Changzhou Benteeng Agricultural Technology Service Center, holds 17.57% of shares, totaling 147,111,500 shares, with 64,000,000 shares pledged[13]. - The company has a high concentration of ownership, with the top 10 shareholders holding significant stakes, including 6.27% by Changzhou Tianming Agricultural Technology Service Center[13]. - The company’s major shareholders have various pledges on their shares, indicating potential liquidity risks[13]. Research and Development - Research and development expenses increased by 32.96% to ¥100,469,844.94, primarily due to increased investment in breeding[11]. - Research and development expenses increased to ¥100,469,844.94 from ¥75,562,090.47, showing a growth of 32.9%[20]. Investment Income - The company reported a significant increase in investment income, which rose by 328.61% to ¥36,588,122.08, mainly from equity instrument investments[11]. - The company reported an investment income of ¥36,588,122.08, significantly higher than ¥8,536,391.72 in the previous period[20]. Inventory and Operating Costs - Total operating costs amounted to ¥13,123,389,623.86, up from ¥11,588,422,713.92, reflecting a growth of 13.3%[20]. - Inventory levels rose to ¥3,080,834,180.97, compared to ¥2,834,957,598.04, marking an increase of 8.7%[17]. Other Financial Metrics - The company's basic and diluted earnings per share both decreased by 76.59% to ¥0.1658[5]. - Basic and diluted earnings per share for the current period are both 0.3452, down from 1.4025 in the previous period, representing a decrease of 75.4%[22]. - The company reported a decrease in credit impairment losses to -890,193.10 from -7,103,693.13, showing an improvement in credit quality[21]. - The total number of restricted shares at the beginning of the period was 226,352,851, with 17,524,590 shares released and 429,750 shares added, resulting in 209,258,011 restricted shares at the end of the period[15]. - The company has a structured plan for the release of restricted shares, with executives' shares being released at a rate of 25% annually based on the previous year's holdings[15]. Market and Product Development - There is no indication of any new product launches or market expansion strategies mentioned in the extracted content[16].

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,143,445,568.45, representing a 5.15% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2025 was ¥63,937,199.75, a significant increase of 102.23% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥58,020,461.97, up 118.82% year-over-year[5] - The basic earnings per share for Q3 2025 were ¥0.0917, reflecting a 71.35% increase year-over-year[5] - Net profit for the current period was ¥247,184,696.26, slightly down from ¥249,718,910.00, indicating a decrease of 1.0%[16] - The net profit attributable to the parent company's shareholders was ¥195,919,184.26, compared to ¥206,418,912.18 in the previous period, a decline of 5.1%[16] - The company’s basic and diluted earnings per share were both ¥0.29, down from ¥0.35 in the previous period, reflecting a decrease of 17.1%[16] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥9,674,861,742.22, a decrease of 3.67% from the end of the previous year[5] - Current assets total ¥7,372,367,386.32, down from ¥7,813,508,104.71 at the beginning of the period[12] - The company's total assets as of September 30, 2025, amount to ¥9,674,861,742.22, a decrease from ¥10,043,362,713.92 at the beginning of the period[13] - Total liabilities decreased to ¥4,540,132,090.01 from ¥6,340,888,319.53[13] - The equity attributable to owners of the company increased to ¥5,134,729,652.21 from ¥3,702,474,394.39[13] - Total equity attributable to the parent company increased to ¥4,550,714,544.24 from ¥3,336,198,312.09, marking a growth of 36.5%[14] - The total assets and liabilities amounted to ¥9,674,861,742.22, down from ¥10,043,362,713.92, indicating a decrease of 3.7%[14] Cash Flow - The cash flow from operating activities showed a net outflow of ¥804,976,243.40, which is an 80.70% decrease compared to the same period last year[5] - The company reported a net cash outflow from operating activities of ¥804,976,243.40, worsening from a net outflow of ¥445,480,871.40 in the previous period[18] - Cash inflow from investment activities was ¥355,345,688.76, slightly down from ¥356,717,150.00 in the previous period[18] - The company raised ¥1,251,526,062.92 from financing activities, with ¥140,000,000.00 coming from minority shareholders[18] - Cash inflow from financing activities totaled $1,565,807,732.92, compared to $238,062,500.00 in the previous period, indicating a significant increase[19] - Cash outflow from financing activities amounted to $1,689,619,622.00, up from $206,332,377.30, reflecting a substantial rise in financing costs[19] - The net cash flow from financing activities was negative at -$123,811,889.08, contrasting with a positive net cash flow of $31,730,122.70 previously[19] - The ending cash and cash equivalents balance was $1,556,615,157.06, down from $2,368,426,257.58 at the beginning of the period, showing a decrease of approximately 34.3%[19] - The net increase in cash and cash equivalents was -$811,811,100.52, compared to -$511,415,189.26 in the prior period, indicating worsening cash flow conditions[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,480[9] - The largest shareholder, Harbin Electric Group Co., Ltd., holds 36.94% of the shares, totaling 256,733,851 shares[9] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable financing by 69% to ¥380,938,205.70[8] - The company reported a significant increase in accounts receivable, which rose to ¥1,783,211,404.85 from ¥1,444,947,149.59[12] - The total inventory as of the end of the reporting period is ¥1,773,000,795.41, compared to ¥1,630,276,247.61 at the beginning[12] Financial Audit - The company has not audited its third-quarter financial report, which may affect investor confidence[20]

Financial Performance - The company's operating revenue for the third quarter was 146,568,720 yuan, representing an increase of 87% compared to the same period last year[5]. - The net loss attributable to shareholders for the third quarter was 14,685,300 yuan, compared to a loss of 11,175,220 yuan in the same period last year[5]. - Operating revenue for the current reporting period increased by 87.82%, primarily due to the expansion of new business[11]. - Operating revenue from the beginning of the year to the reporting period increased by 38.57%[11]. - Total operating revenue for the first three quarters of 2025 reached CNY 335,227,196, a significant increase of 38.5% compared to CNY 241,918,837 in the same period of 2024[27]. - The net loss for the first three quarters of 2025 was CNY 48,183,645, compared to a net loss of CNY 28,264,304 in the same period of 2024, representing an increase in loss of 70.6%[28]. - The company's total assets increased to CNY 1,354,051,551.37 from CNY 1,340,085,929.65, reflecting a growth of 1.0%[23]. - Total liabilities rose to CNY 813,544,731.34, an increase of 8.9% from CNY 746,916,909.37 in the previous year[23]. - The company's cash flow from operating activities for the first three quarters of 2025 was CNY 285,336,137.39, down from CNY 307,730,429.14 in the same period of 2024[31]. - The basic earnings per share for the third quarter was -0.13 yuan, compared to -0.11 yuan in the same period last year[6]. - The company reported a basic and diluted earnings per share of CNY -0.39 for the first three quarters of 2025, compared to CNY -0.27 in the same period of 2024[29]. Assets and Liabilities - The total assets at the end of the reporting period were 1,354,051,551.37 yuan, reflecting a 1.04% increase from the previous year-end[6]. - The net assets attributable to shareholders decreased by 7.68% to 545,481,714.47 yuan compared to the previous year-end[6]. - As of September 30, 2025, the total current assets amounted to RMB 280,321,693.32, an increase from RMB 265,936,683.18 at the end of 2024, reflecting a growth of approximately 5.2%[21]. - Non-current assets totaled RMB 1,073,729,858.05 as of September 30, 2025, slightly down from RMB 1,074,149,246.47 at the end of 2024[22]. - The total equity attributable to shareholders of the parent company decreased to CNY 545,481,714.47 from CNY 590,889,924.69, a decline of 7.7%[24]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date was 21,380,043 yuan, a significant decrease compared to the previous year[5]. - The company experienced a cash flow net amount of -77.64 million, attributed to adjustments in revenue structure and slower collection of receivables[12]. - Net cash flow from operating activities was $21,380,043.30, a decrease of 77.7% compared to $95,604,229.98 in the previous period[32]. - Total cash inflow from investment activities was $36,830,616.47, down from $80,915,530.21, reflecting a significant decline[32]. - Cash outflow for investment activities totaled $76,861,219.62, compared to $81,349,907.63 in the prior period, indicating a slight decrease[32]. - Cash received from investment recoveries was $30,000,000.00, significantly lower than $80,000,000.00 previously[32]. - Cash paid for the purchase of fixed assets and intangible assets was $66,061,219.62, a substantial increase from $11,349,907.63[32]. - Cash paid for dividends and interest was $1,275,142.98, down from $26,368,455.57, indicating a reduction in cash outflow for these activities[33]. - The ending cash and cash equivalents balance was $40,423,922.22, down from $103,783,968.03 at the end of the previous period[33]. - The net increase in cash and cash equivalents for the period was $17,147,532.32, compared to $46,590,102.92 in the previous period[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,011[14]. - The largest shareholder, Yuanshang Investment Holdings Co., Ltd., holds 39.48% of the shares[14]. - The second-largest shareholder, Guangzhou Junhui Enterprise Management Partnership, holds 14.35% of the shares[14]. - The company completed a share buyback of 783,400 shares, which constitutes 0.75% of the total share capital[15]. Corporate Developments - The company has undergone a merger with Wuhan and Chuan You Parts System Manufacturing Co., which required retrospective adjustments to previous financial data[7]. - The company established a wholly-owned subsidiary in Hong Kong, completing the registration on June 17, 2025, and received the overseas investment certificate on July 14, 2025[17]. - The board of directors was re-elected on August 22, 2025, marking the completion of the board restructuring process[18]. - The company sold 51.0204% of its stake in Guangdong Yuanshang Hengchen Agricultural Development Co., Ltd. for a consideration of zero, as the assessed value of the equity was negative[19]. Operational Focus - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[5]. - The company is currently in the process of enhancing its logistics infrastructure, which has increased expenses but is expected to support long-term growth[11]. - The company is focusing on optimizing its revenue structure to mitigate the impact of market fluctuations on profitability[11]. - Total profit for the current reporting period was impacted by adjustments in the traditional automotive parts logistics business, but non-automotive logistics showed strong growth potential[11]. - The company has not identified any non-recurring gains or losses that are significant outside of those listed in the regulatory guidelines[11]. Financial Reporting - The financial report has not been audited, indicating that the figures are preliminary and subject to change[3]. - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[34].