Financial Performance - The company's operating revenue for the third quarter was ¥216,905,305.01, a decrease of 37.13% year-on-year[5]. - The net profit attributable to shareholders was ¥10,405,256.17, down 35.15% compared to the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,323,186.14, an increase of 178.14% year-on-year[5]. - The basic earnings per share were ¥0.0074, a decrease of 35.65% year-on-year[5]. - Total operating revenue decreased to CNY 745,130,955.70 from CNY 961,243,139.40, representing a decline of approximately 22.5% year-over-year[20]. - Net profit for the period was CNY 46,196,569.45, down from CNY 96,624,802.04, reflecting a decline of approximately 52.2% year-over-year[21]. - Other comprehensive income showed a significant decline, with a net loss of CNY 64,658,676.53 compared to a gain of CNY 16,828,783.68 in the previous period[21]. - Total comprehensive income attributable to the parent company was -776,021.13, compared to 131,201,482.11 in the previous period[22]. - Basic and diluted earnings per share were both 0.0458, compared to 0.082 in the previous period, indicating a decline of approximately 44.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,753,686,429.61, a decrease of 1.72% from the end of the previous year[5]. - The company's total assets decreased to CNY 14,753,686,429.61 from CNY 15,012,373,943.84, a reduction of about 1.7%[19]. - Total liabilities decreased to CNY 7,864,257,351.47 from CNY 8,092,119,163.65, indicating a decline of approximately 2.8%[19]. - Long-term equity investments increased to CNY 4,021,237,203.92 from CNY 3,857,221,215.24, an increase of about 4.2% year-over-year[19]. - The company's retained earnings increased to CNY 3,931,906,299.47 from CNY 3,880,387,239.04, reflecting a growth of approximately 1.3%[19]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥99,235,629.66, down 32.56% year-on-year[5]. - Net cash flow from operating activities was 99,235,629.66, down from 147,148,113.35 in the previous period, indicating a decrease of approximately 32.5%[23]. - Cash inflow from operating activities totaled 2,429,937,577.90, a decrease of 19% from 2,998,219,927.62 in the previous period[23]. - Cash outflow from operating activities was 2,330,701,948.24, down from 2,851,071,814.27, reflecting a reduction of about 18.2%[23]. - Net cash flow from investing activities increased to 149,060,527.12, compared to 67,017,950.88 in the previous period, representing a growth of approximately 122%[24]. - Cash inflow from financing activities was 2,643,721,100.60, up from 2,413,206,941.70, indicating an increase of about 9.5%[24]. - Net cash flow from financing activities was -315,965,692.47, an improvement from -384,440,802.63 in the previous period[24]. - The ending cash and cash equivalents balance was 141,554,768.53, down from 189,621,631.79, reflecting a decrease of approximately 25.4%[24]. Shareholder and Financing Activities - The company plans to acquire 100% of Shenzhen Shangyang Technology Co., Ltd. for a transaction price of RMB 1.58 billion, while raising supporting funds of RMB 550 million[12]. - The company’s major shareholder, Youa Holdings, intends to transfer 69,848,057 shares (5.01% of total shares) to Shanghai Qinxuetang for a total consideration of RMB 210,941,132.14[14]. - The company’s debt financing plan, initiated in August 2020, has a remaining principal balance of RMB 459 million as of the report date[15]. - The interest rate for the debt financing plan remains fixed at 6.4%, with the repayment date extended to December 4, 2025[16]. - The company is actively preparing to update financial data for its acquisition application, which was temporarily halted by the Shenzhen Stock Exchange due to outdated financial information[13]. - The company has not identified any related party relationships among its major shareholders[11]. - The company’s stock transfer and financing activities are being closely monitored, with specific details disclosed in recent announcements[14]. - The company is committed to complying with legal and regulatory requirements in its ongoing transactions and financial reporting[13]. Accounts Receivable and Borrowings - Accounts receivable increased by ¥96,913,000, a growth of 163.42% due to holiday promotional activities[8]. - Long-term borrowings increased by ¥303,150,000, a growth of 122.31% as part of the refinancing of bank loans[8].

Financial Performance - The company's operating revenue for the third quarter reached CNY 6,619,031,967, representing an increase of 81.28% compared to the same period last year[6]. - The net profit attributable to shareholders decreased by 18.61% to CNY 173,062,499, while the net profit after deducting non-recurring gains and losses fell by 22.69% to CNY 166,997,277[6]. - The company reported a 68.97% increase in operating revenue year-to-date, totaling CNY 18,345,601,754[10]. - Total operating revenue for the current period reached ¥18,345,601,754, a significant increase from ¥10,857,143,346 in the previous period, representing a growth of approximately 69.1%[22]. - Net profit for the current period was ¥1,104,990,175, compared to ¥754,747,846 in the previous period, marking an increase of about 46.3%[22]. - Basic earnings per share for the current period were ¥0.42, compared to ¥0.30 in the previous period, representing a growth of 40.0%[23]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 150.61% to CNY 750,454,443[6]. - Cash flow from operating activities generated a net amount of ¥1,658,302,001, a decrease from ¥1,853,504,389 in the previous period[25]. - The company incurred a net cash outflow from investing activities of CNY 4,827,000,000 year-to-date, significantly higher than the previous year's outflow of CNY 157,000,000[13]. - The company reported a net cash outflow from investing activities of ¥4,827,063,519, compared to an outflow of ¥156,692,315 in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 31,548,329,812, a 74.37% increase from the beginning of the year[10]. - The total assets of the company reached CNY 31,548,329,812 as of September 30, 2025, compared to CNY 18,093,243,157 at the beginning of the period, reflecting a growth of approximately 74.5%[19]. - Current assets increased to CNY 13,776,370,945 from CNY 8,641,394,925, marking a rise of about 59.8%[19]. - The company's total liabilities increased by 137.11% to CNY 20,717,000,000, largely due to new acquisition loans[10]. - The total liabilities reached CNY 14,639,746,659, up from CNY 7,745,204,968, indicating an increase of about 89.5%[20]. - The company reported a total debt of ¥20,717,487,448, up from ¥8,737,582,910, indicating a growth of approximately 137.0%[21]. - The total liabilities increased to ¥20,717,487,448, with non-current liabilities totaling ¥6,077,740,789, up from ¥992,377,942[21]. Investments and Acquisitions - Investment income surged by 260.10% year-to-date, reaching CNY 544,000,000, primarily due to gains from the acquisition of subsidiaries[13]. - The company confirmed the acquisition of China National Packaging Holdings and Xingfan Co., which contributed to the increase in total assets and investment income[9]. Research and Development - The company incurred research and development expenses of ¥121,171,784, which is a significant increase from ¥38,817,912 in the previous period, indicating a growth of approximately 211.0%[22]. Asset Composition - The company's non-current assets totaled CNY 17,771,958,867, compared to CNY 9,451,848,232 at the beginning of the period, showing a growth of approximately 88.5%[19]. - The company reported a significant increase in fixed assets, which rose to CNY 11,593,732,377 from CNY 5,130,962,309, representing an increase of around 126.5%[19]. - Accounts receivable surged to CNY 6,967,239,456 from CNY 2,750,072,484, representing a significant increase of around 153.3%[19]. - Inventory levels rose to CNY 2,886,114,631 from CNY 1,617,623,179, indicating an increase of about 78.5%[20]. - Short-term borrowings increased to CNY 6,162,930,999 from CNY 3,069,105,127, reflecting a growth of approximately 101.5%[20]. Financing Activities - The company plans to issue exchangeable bonds to professional institutional investors, as approved in the board meetings held on August 8 and August 28, 2025[17].

Financial Performance - The company's revenue for Q3 2025 was ¥759,366,233.89, a decrease of 32.82% compared to the same period last year[3] - The net profit attributable to shareholders was -¥231,017,268.91, representing a decline of 360.62% year-on-year[3] - The basic earnings per share for the period was -¥0.1810, down 360.56% from the previous year[3] - The total profit for the period was -¥656,341,686.15, a decrease of 87.93% compared to the previous year[9] - Operating profit showed a loss of ¥627,090,356.75 compared to a loss of ¥349,214,474.29 in the previous period, indicating a worsening of approximately 80%[21] - Net profit loss increased to ¥658,478,827.79 from a loss of ¥352,043,324.00, reflecting a decline of about 87% year-over-year[21] - The company reported a net loss of approximately ¥658.48 million for the current period, compared to a net loss of ¥352.04 million in the previous period, indicating a significant decline in profitability[22] - The net loss attributable to shareholders was approximately ¥423.37 million, up from ¥309.27 million in the previous period, reflecting a worsening financial performance[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,672,004,239.20, a decrease of 5.36% from the end of the previous year[3] - Total current assets decreased to ¥1,525,330,265.82 from ¥1,756,980,346.11, a drop of approximately 13%[18] - Total non-current assets decreased to ¥9,146,673,973.38 from ¥9,518,880,147.50, a decline of about 4%[18] - Total liabilities increased slightly to ¥5,832,327,991.03 from ¥5,776,811,089.58, an increase of approximately 1%[19] - Total equity decreased to ¥4,839,676,248.17 from ¥5,499,049,404.03, a decline of about 12%[19] Cash Flow - The net cash flow from operating activities was ¥45,299,311.59, down 90.03% year-on-year[3] - The net cash flow from operating activities was ¥45.30 million, a sharp decrease from ¥454.57 million in the prior period, highlighting challenges in cash generation[25] - The cash and cash equivalents at the end of the period stood at approximately ¥1.22 billion, down from ¥1.46 billion at the end of the previous period, showing a decrease in liquidity[26] - The net cash flow from investment activities was -¥154.59 million, worsening from -¥82.13 million in the previous period, indicating increased investment outflows[26] Shareholder Information - The company has a significant shareholder, Shaanxi Yanchang Petroleum Group, holding 507,956,355 shares, representing a substantial portion of the total shares[13] - Another major shareholder, Shaanxi Xinghua Group, holds 222,473,689 shares, indicating strong institutional support[13] - The top ten shareholders collectively hold a significant number of shares, with the first three shareholders alone accounting for over 70% of the total shares[13] - The company has not reported any changes in the shareholding structure due to margin trading activities[13] Tax and Compliance - The company reported a tax payment of RMB 29.1343 million and late fees of RMB 28.6009 million, totaling RMB 57.7353 million, which has been fully paid as of the report date[14] - The tax payment and late fees are expected to reduce the company's net profit for 2025 by RMB 57.7353 million, impacting the attributable net profit by RMB 29.4450 million[14] - The company has not disclosed any administrative penalties related to the tax payment[14] - The financial report indicates that the company is in compliance with the accounting standards and does not require adjustments to prior financial data[14] - The company’s subsidiary, Yushen Energy Chemical, is actively managing tax compliance and has completed self-inspections as required by local tax authorities[14] Revenue and Costs - Total operating revenue decreased to ¥2,442,880,196.97 from ¥2,944,101,305.09, representing a decline of approximately 17% year-over-year[20] - Total operating costs decreased to ¥3,049,883,360.85 from ¥3,275,571,449.70, a reduction of about 7% year-over-year[21] - Total revenue from sales of goods and services was approximately ¥2.58 billion, down from ¥3.02 billion in the previous period, representing a decline of about 14.6%[25] Financing Activities - The company incurred cash outflows of approximately ¥332.86 million from financing activities, compared to ¥889.04 million in the previous period, indicating reduced financing activities[26] - The company received cash inflows of ¥302.34 million from financing activities, an increase from ¥178.17 million in the previous period, suggesting improved access to financing[26]

Financial Performance - The company's revenue for Q3 2025 was ¥19,244,766,870.82, an increase of 4.97% compared to the same period last year[5] - The net profit attributable to shareholders was ¥5,353,988.38, a decrease of 51.05% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,715,081.75, an increase of 85.26% in losses compared to the previous year[5] - The basic earnings per share were ¥0.0052, down 51.40% year-on-year[5] - Operating profit turned negative at -¥16.46 million compared to a profit of ¥62.85 million in the previous period[21] - Net profit decreased significantly to -¥39.71 million from a profit of ¥34.12 million, indicating a substantial decline in profitability[21] - The company reported a net loss of ¥61,833,631.66 for the current period, compared to a profit of ¥7,457,559.95 in the previous period[22] - The total comprehensive income attributable to the parent company was -¥61,833,631.66, contrasting with a positive comprehensive income of ¥7,457,559.95 in the previous period[22] - The company reported a basic and diluted earnings per share of -0.0558, compared to 0.0202 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥24,971,615,150.68, representing an increase of 8.77% from the end of the previous year[5] - Total assets increased to ¥24.97 billion from ¥22.96 billion, representing a growth of approximately 8.8% year-over-year[19] - Total liabilities rose to ¥21.96 billion from ¥19.89 billion, an increase of about 10.5% year-over-year[19] - Current assets totaled ¥17.55 billion, up from ¥15.62 billion, marking an increase of approximately 12.3% year-over-year[19] Cash Flow - The cash flow from operating activities for the year-to-date was ¥347,275,735.26, an increase of 241.15%[5] - Operating cash flow for the current period was ¥347,275,735.26, a decrease from ¥101,794,562.85 in the previous period[24] - The company received cash from operating activities totaling ¥73,584,814,596.82, down from ¥77,235,858,419.37 in the previous period[25] - Cash outflow from investing activities was ¥157,668,798.43, compared to ¥207,870,400.80 in the previous period, resulting in a net cash flow of -¥141,515,953.67[25] - Cash inflow from financing activities was ¥20,347,093,444.18, an increase from ¥19,447,862,545.07 in the previous period[26] - The net cash increase for the period was ¥581,435,977.10, compared to a decrease of -¥189,105,349.52 in the previous period[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 82,772[12] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 19.03% of shares, totaling 195,032,514 shares[12] - The second-largest shareholder, Shenzhen Tianfu Jin Venture Capital Co., Ltd., holds 9.80% of shares, totaling 100,474,022 shares[12] - The top ten shareholders include several entities with significant stakes, indicating a concentrated ownership structure[12] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 75.59% to ¥3,620,676,922.81 due to credit usage by major customers[9] - Accounts receivable increased to approximately CNY 3.62 billion from CNY 2.06 billion, indicating a significant rise in receivables[17] - Inventory increased significantly to ¥6.16 billion from ¥4.34 billion, reflecting a growth of about 42.0% year-over-year[19] - The company reported a 260.65% increase in inventory impairment losses, amounting to -¥43,107,579.44, due to increased inventory levels[10] Other Income and Expenses - Other income increased by 162.57% to ¥47,133,960.31, primarily due to an increase in government subsidies received[10] - The company experienced a 91.22% decrease in fair value gains, dropping to ¥6,856,086.42, attributed to last year's increase in investment property valuations[10] - The company reported a decrease in research and development expenses to ¥75.44 million from ¥69.95 million, a reduction of approximately 7.1% year-over-year[21] Regulatory and Corporate Actions - The company adjusted the upper limit of funds to be raised in the A-share issuance plan from CNY 1.847 billion to CNY 1.708 billion[14] - The company received a second-round inquiry letter from the Shenzhen Stock Exchange regarding its application for a specific object issuance of stocks[15] - The company plans to extend the validity period of the shareholder meeting resolution for the A-share issuance by 12 months, until August 20, 2026[15] - The company has received approval from the Shenzhen Stock Exchange for its application to issue stocks to specific objects, confirming compliance with issuance and listing conditions[16]

Financial Performance - The company's operating revenue for Q3 2025 was ¥2,816,138,023.06, a decrease of 4.06% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2025 reached ¥273,222,939.45, an increase of 13.65% year-on-year[3]. - The basic earnings per share for Q3 2025 was ¥0.07, reflecting a growth of 16.67% compared to the previous year[3]. - The company achieved a total revenue of 692,539.01 million RMB for the first three quarters, a decrease of 3.01% year-on-year[15]. - Net profit attributable to shareholders for the same period was 51,859.9 million RMB, an increase of 110.53% year-on-year[15]. - In Q3 alone, the company reported revenue of 281,613.80 million RMB, down 4.06% year-on-year, while net profit reached 27,322.29 million RMB, up 13.65% year-on-year[15]. - Total operating revenue for the current period was ¥6,925,390,135.63, a decrease of 3.01% from ¥7,140,540,911.69 in the previous period[52]. - Net profit for the current period was ¥91,460,115.74, an increase of 13.5% compared to ¥80,541,626.74 in the previous period[53]. - The total assets decreased from ¥20,126,714,816.93 to ¥19,567,663,818.73, reflecting a decline of 2.78%[50]. - Total liabilities decreased to ¥10,843,480,221.19, down from ¥11,423,788,765.09, a reduction of 5.06%[50]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥181,868,438.48 for the year-to-date, representing a 40.03% increase in outflow compared to the previous year[3]. - The cash flow statement indicates a stable cash position, with no significant changes reported[55]. - Operating cash flow net amount was -181,868,438.48, an improvement from -303,249,875.96 in the previous period, indicating a reduction in cash outflow[57]. - Total cash inflow from operating activities was 5,897,684,855.45, slightly up from 5,874,172,164.72 in the previous period[56]. - Cash outflow from operating activities totaled 6,181,344,471.16, down from 6,271,453,561.73 in the previous period[57]. - The ending cash and cash equivalents balance was 1,873,055,412.03, up from 1,458,322,274.51 in the previous period[58]. - As of September 30, 2025, the company's total current assets amounted to CNY 6,517,530,486.47, a decrease of 4.54% from CNY 6,827,461,321.14 at the beginning of the period[49]. - The cash and cash equivalents decreased to CNY 2,010,659,401.94 from CNY 3,069,635,444.40, representing a decline of 34.5%[49]. - The company's non-current assets totaled CNY 13,050,133,332.26, a slight decrease of 1.87% from CNY 13,299,253,495.79[49]. Investments and Acquisitions - The company approved a plan to acquire equity stakes in 11 companies, including Hengyang Meinian Health Examination Center Co., Ltd., through a share issuance[45]. - The company is awaiting approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission for its asset acquisition plan, which carries uncertainties regarding the timing and outcome[46]. Research and Development - The company reported a substantial increase in development expenditures, which rose by 357.78% to ¥54,193,066.36, attributed to ongoing capitalized R&D projects[9]. - Research and development expenses were ¥36,848,699.31, a slight decrease from ¥37,492,770.55[52]. Customer Engagement and Services - The company operates 561 branches, with 300 being controlled branches, and is focusing on enhancing customer management and conversion rates[14]. - The AI-driven personalized health check package recommendation has been launched across 167 cities, improving service efficiency[17]. - The company has implemented a full AI quality control system for ultrasound services, enhancing the examination experience[19]. - The company is expanding its product offerings, including traditional and innovative health management solutions, to create a comprehensive service loop[18]. - The company launched the "Health Management After Check-up" service, which is gradually becoming a new growth point for its business[21]. Community and Social Responsibility - The company is committed to social responsibility, focusing on health care for vulnerable groups through various public welfare initiatives[23]. - The company has initiated a public welfare project focusing on early screening for brain health among the elderly, aiming to safeguard national health through professional medical capabilities[22]. - The company is actively involved in community health education, conducting health knowledge dissemination activities in local communities, with nearly 100 residents receiving free health checks and consultations[33]. - A health lecture was organized for employees of a local manufacturing company, addressing common occupational health issues and promoting a scientific health concept of early prevention and treatment[35]. - The company is building a sustainable public welfare ecosystem through innovative activities like the "Charity Run," which attracted over 800 participants[37]. Technology and Innovation - Revenue generated from AI technology applications amounted to 24,963.84 million RMB, reflecting a growth of 71.02% compared to the previous year[15]. - The company is focusing on enhancing the value of medical data assets and exploring innovative applications, leveraging big data in health check-ups and deepening the application of digital and AI technologies in health management[20]. - The AI chronic disease management product matrix is taking shape, with key products like "Lung Health" and "Brain Health" being continuously upgraded and promoted across over 30 regions, marking a new growth point for the company[21]. - The company is collaborating with Huawei to advance an AI smart wearable project, aiming to create a closed-loop health management service[20].

Financial Performance - The company's operating revenue for the third quarter reached ¥20,258,140,367.09, representing a year-on-year increase of 7.62%[5] - The net profit attributable to shareholders was -¥16,191,772.51, a decrease of 40.51% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,336,959.16, a decrease of 25.72% year-on-year[5] - Total operating revenue for the current period reached ¥60,396,509,763.03, an increase of 2.78% compared to ¥58,762,785,251.19 in the previous period[19] - Net profit for the current period was ¥278,367,995.74, compared to ¥265,156,131.96 in the previous period, indicating a growth of 4.5%[19] - The net profit attributable to the parent company shareholders increased to ¥150,898,308.60 from ¥139,333,086.50, representing an increase of approximately 11.3% year-over-year[20] - The total comprehensive income attributable to the parent company owners rose to ¥175,051,286.73 from ¥159,409,661.05, reflecting a growth of about 9.8%[20] - The company reported a basic and diluted earnings per share of ¥0.0808, up from ¥0.0701, which is an increase of approximately 15.4%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥119,168,826,554.27, down 1.42% from the end of the previous year[5] - The total assets decreased to ¥119,168,826,554.27 from ¥120,882,423,836.88, a decline of approximately 1.42%[17] - The total liabilities increased by 53.14% to ¥8,444,833,167.62 due to increased borrowing during the reporting period[8] - The total liabilities decreased to ¥109,524,931,636.50 from ¥111,369,025,239.34, a decrease of 1.65%[17] - Current liabilities increased to ¥100,138,904,138.30 from ¥99,656,363,189.40, representing a rise of 0.48%[17] - Long-term borrowings decreased to ¥7,121,138,929.24 from ¥7,789,700,470.63, a reduction of 8.56%[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥1,430,571,401.65, an improvement of 31.94% compared to the previous year[8] - The net cash flow from operating activities was negative at -¥1,430,571,401.65, an improvement from -¥2,101,786,170.82 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥7,708,246,946.06, compared to ¥6,558,782,742.73 at the end of the previous period, marking an increase of about 17.5%[24] - The net cash flow from financing activities was positive at ¥589,698,227.25, slightly down from ¥615,936,401.89 in the previous period[24] - The total cash inflow from financing activities was ¥15,961,606,153.53, compared to ¥14,058,964,479.21, reflecting an increase of about 13.5%[24] - The cash flow from investment activities was negative at -¥189,616,571.92, an improvement from -¥280,911,694.73 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 88,960[11] - Zhejiang Provincial State-owned Capital Operation Co., Ltd. holds 35.89% of shares, totaling 388,229,884 shares[11] - The company plans to distribute cash dividends of RMB 0.5 per 10 shares, totaling RMB 54,089,219.80, based on a total share capital of 1,081,784,396 shares[14] - The company has received notice from the Shenzhen Stock Exchange regarding the acceptance of its application for issuing shares to purchase assets and raise supporting funds[13] - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading activities[12] - The top 10 shareholders include state-owned entities, with the largest being Zhejiang Provincial State-owned Capital Operation Co., Ltd.[11] - The company has not reported any changes in the status of shares held by major shareholders[12] - The total number of shares held by the top 10 unrestricted shareholders is 578,000,000 shares[11] - The company has no preferred shareholders among the top 10 shareholders[13] - The company has completed the distribution of dividends as of July 17, 2025[14] Inventory and Expenses - The company's inventory increased by 46.31% to ¥1,674,071,446.73, indicating a temporary rise in stock levels[8] - Research and development expenses rose to ¥695,441,911.83, up from ¥593,165,227.24, marking an increase of 17.3%[19] - Operating costs amounted to ¥57,521,656,104.61, up from ¥56,134,490,545.43, reflecting a year-over-year increase of 2.46%[19] - The company experienced a 108.02% increase in credit impairment losses, amounting to -¥712,501,155.61 during the reporting period[8] Comprehensive Income - The company reported a significant increase in other comprehensive income, rising by 563.29% to ¥19,865,127.47 due to foreign exchange gains[8] - The company recorded a total comprehensive income of ¥302,520,973.87, up from ¥285,232,706.51, which is an increase of approximately 6.5%[20]

Revenue and Profit - The company's revenue for the third quarter reached ¥162,163,555.96, representing a year-on-year increase of 1,199.88%[4] - The total profit for the period was -¥43,304,074.99, with a year-to-date total profit of -¥332,592,518.58[4] - The net profit attributable to shareholders was -¥43,304,074.99 for the quarter, and -¥332,592,518.58 year-to-date[4] - Total operating revenue for the first three quarters of 2025 reached ¥207,555,345.29, a significant increase from ¥12,487,909.78 in the same period of 2024, representing a growth of approximately 1,564%[20] - The net loss for the first three quarters of 2025 was ¥332,592,518.58, an improvement from a net loss of ¥546,344,400.70 in the same period of 2024, reflecting a reduction in losses of approximately 39%[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.91, compared to -¥1.49 in 2024, showing an improvement in per-share loss[22] Research and Development - Research and development expenses totaled ¥130,019,225.62 for the quarter, a decrease of 15.78% compared to the previous year[5] - The ratio of R&D expenses to revenue was 80.18% for the quarter, a decrease of 1,157.36 basis points year-on-year[5] - Research and development expenses for the first three quarters of 2025 totaled ¥349,371,643.09, down from ¥437,938,634.20 in 2024, a decrease of about 20.2%[20] - The company has made progress in multiple research projects, including the approval of clinical trials for several new drugs in 2025[13] - The company has initiated Phase III clinical trials for several products, including GR1802 and GR2303, in 2025[13] - The company is actively pursuing new drug applications and market expansion strategies in the pharmaceutical sector[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,044,887,049.33, down 3.21% from the previous year[5] - The total assets as of the reporting date were ¥3,044,887,049.33, a decrease from ¥3,145,716,912.53 in the previous year[17] - Total liabilities increased to ¥1,257,059,870.69 from ¥1,019,674,124.99, representing an increase of approximately 23.3%[16] - The total equity attributable to shareholders decreased to ¥1,787,827,178.64 from ¥2,126,042,787.54, a decline of about 16%[17] Cash Flow - The net cash flow from operating activities was -¥261,194,455.74 year-to-date[5] - In the first three quarters of 2025, the company generated cash inflows from operating activities totaling CNY 285,516,431.51, compared to CNY 72,853,171.15 in the same period of 2024, representing a significant increase[23] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 261,194,455.74, an improvement from -CNY 422,511,071.20 in the previous year[24] - The company reported cash inflows from investment activities of CNY 1,770,409,731.34 in 2025, a substantial increase from CNY 27,716,207.53 in 2024[24] - Cash outflows for investment activities in 2025 amounted to CNY 2,305,911,650.66, compared to CNY 445,317,295.43 in the previous year, leading to a net cash flow from investment activities of -CNY 535,501,919.32[24] - The company raised CNY 237,245,626.11 from financing activities in 2025, up from CNY 126,755,335.17 in 2024[24] - The net cash flow from financing activities was CNY 175,721,044.63 in 2025, compared to CNY 97,396,813.24 in the previous year, indicating a positive trend[24] - The ending cash and cash equivalents balance as of September 2025 was CNY 1,414,518,108.42, down from CNY 2,149,425,057.07 at the end of the same period in 2024[24] - The company experienced a net decrease in cash and cash equivalents of -CNY 620,934,651.19 in 2025, compared to -CNY 742,715,345.86 in 2024, reflecting improved cash management[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,640[11] - The largest shareholder, Chongqing Zhirui Investment Co., Ltd., holds 200,000,000 shares, representing 54.54% of total shares[11] - The number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, with the top shareholder alone holding over 54%[11] - The company has not reported any changes in the participation of major shareholders in margin financing or securities lending[12] Financial Performance - The weighted average return on net assets was -2.39% for the quarter, compared to -17.01% year-to-date[5] - The company reported a financial income of ¥30,799,073.38 in the first three quarters of 2025, down from ¥64,717,565.02 in 2024, a decrease of approximately 52.4%[20] - Total operating costs for the first three quarters of 2025 were ¥576,488,934.51, compared to ¥561,967,745.73 in 2024, indicating a slight increase of about 2.9%[20] - Sales expenses increased significantly to ¥170,484,290.90 in 2025 from ¥69,214,660.57 in 2024, marking an increase of approximately 146%[20] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[25]

Financial Performance - The company's operating revenue for the third quarter was ¥170,157,449.75, a decrease of 6.65% compared to the same period last year[4] - The total profit for the third quarter was ¥17,953,910.60, with a net profit attributable to shareholders of ¥18,769,940.95[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,594,186.95 for the third quarter[4] - Total operating revenue for the first three quarters of 2025 reached ¥572,289,560.75, an increase from ¥550,951,079.10 in the same period of 2024, representing a growth of approximately 3.3%[20] - The operating profit for the first three quarters of 2025 was ¥22,421,790.46, a significant recovery from a loss of ¥8,534,364.51 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥19,302,764.77, compared to a net loss of ¥14,177,979.44 in 2024, marking a turnaround in profitability[21] - The net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥20,634,270.48, recovering from a loss of ¥14,424,021.30 in the previous year[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥90,061,082.78, a decrease of 367.89% compared to the previous year[5] - In the first three quarters of 2025, the net cash flow from operating activities was -90,061,082.78 RMB, a significant decline compared to 33,618,624.61 RMB in the same period of 2024[23] - The company reported a total cash outflow from operating activities of 305,051,026.67 RMB in 2025, slightly higher than 301,004,587.25 RMB in 2024[23] - The cash flow from operating activities was negatively impacted by a decrease in cash received from sales, which fell to 209,587,005.25 RMB in 2025 from 310,215,030.93 RMB in 2024[23] - The net cash flow from financing activities increased to 93,201,538.52 RMB in 2025, compared to a negative cash flow of -362,636,142.57 RMB in 2024[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,590,888,119.92, an increase of 5.70% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥756,377,407.47, an increase from ¥592,972,683.71 as of December 31, 2024[15] - Total liabilities increased to ¥882,690,860.77 in 2025 from ¥815,982,687.25 in 2024, reflecting a growth of approximately 8.2%[20] - Total liabilities include accounts payable of ¥209,031,265.06, down from ¥251,155,847.02[16] - Short-term borrowings increased significantly to ¥299,863,013.55 from ¥153,085,867.04[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,614[12] - Jiangsu Guojing Holdings Group Co., Ltd. holds 29.64% of shares, totaling 169,000,000 shares[12] - The equity attributable to shareholders at the end of the reporting period was ¥767,299,392.60, up 2.74% from the previous year[5] - The total equity attributable to shareholders of the parent company rose to ¥767,299,392.60 in 2025, up from ¥746,834,333.81 in 2024, indicating an increase of about 2.3%[20] Non-Recurring Gains and Expenses - The company recognized non-recurring gains of ¥29,364,127.90 for the current period, primarily from the disposal of non-current assets and government subsidies[8] - Research and development expenses for the first three quarters of 2025 were ¥13,477,876.49, slightly down from ¥13,818,030.38 in 2024, showing a decrease of about 2.5%[20] Market Strategy - The company plans to continue expanding its market presence and exploring new product development opportunities[10] Investment Income - The company reported a significant increase in investment income, which reached ¥30,828,474.24 in 2025, compared to ¥8,365,412.27 in 2024, reflecting a growth of approximately 268.5%[20]

Financial Performance - The company's operating revenue for the third quarter was CNY 1,012,852,815.70, a decrease of 17.38% compared to the same period last year[4] - The total profit for the quarter was a loss of CNY 101,785,755.29, representing a decline of 178.71% year-on-year[4] - The net profit attributable to shareholders was a loss of CNY 115,001,411.03, down 338.28% from the previous year[4] - Total operating revenue for the first three quarters of 2025 was CNY 3,422,671,994.62, a decrease of 11.83% compared to CNY 3,882,707,575.23 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 100,759,470.15, compared to a profit of CNY 59,469,123.27 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.08, compared to CNY 0.05 in 2024[20] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 435,720,963.76, an increase of 129.24% compared to the same period last year[4] - Operating cash flow for the first three quarters of 2025 was CNY 435,720,963.76, an increase of 129.00% from CNY 190,072,599.09 in 2024[22] - Net cash flow from financing activities was $103,517,525.52, compared to a net outflow of $52,385,816.62 in the previous period, indicating a significant improvement[23] - Cash and cash equivalents increased by $476,729,266.21, up from $77,743,759.92 in the prior period, reflecting strong liquidity[23] - Total cash and cash equivalents at the end of the period reached $2,868,985,402.41, compared to $1,999,198,756.39 at the end of the previous period[23] - Cash inflow from borrowing amounted to $3,590,300,000.00, an increase from $3,145,000,000.00 in the prior period, showing enhanced financing capabilities[23] - Cash outflow for debt repayment was $3,360,250,000.00, compared to $3,102,530,000.00 previously, indicating ongoing debt management efforts[23] - The net cash flow from investing activities was -$62,509,223.07, slightly worse than -$59,943,022.55 in the previous period, suggesting continued investment activities[23] - Total cash outflow from financing activities was $3,486,782,474.48, compared to $3,197,885,816.62 in the prior period, reflecting increased financial commitments[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 12,949,699,291.58, a decrease of 4.59% from the end of the previous year[4] - The company's current assets totaled RMB 4,374,916,081.40, down from RMB 4,567,887,249.25, indicating a decrease of about 4.2%[14] - The company's total liabilities were RMB 5,372,421,995.73, down from RMB 6,732,646,773.81, showing a reduction of approximately 20.2%[15] - The company's total liabilities amounted to CNY 7,412,457,634.53, a decrease from CNY 8,078,447,632.58 in the previous year[16] - The company's non-current assets totaled RMB 8,574,783,210.18, down from RMB 9,004,439,412.67, reflecting a decline of approximately 4.7%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,036[10] - The largest shareholder, Liaoning Energy Industry Holding Group Co., Ltd., held 318,000,000 shares, accounting for 24.05% of the total shares[10] Other Financial Metrics - The basic earnings per share for the quarter was -CNY 0.09, a decrease of 325.00% year-on-year[4] - The weighted average return on equity was -2.06%, a decrease of 2.96 percentage points compared to the previous year[4] - The company reported non-recurring losses totaling CNY 13,233,591.48 for the quarter[7] - The company reported a significant increase in other income, totaling CNY 18,070,718.01, compared to CNY 27,145,211.69 in the previous year[19] - The financial expenses for the first three quarters of 2025 were CNY 84,390,982.55, down from CNY 95,854,843.42 in 2024[19] - The company’s tax expenses for the first three quarters of 2025 were CNY 69,941,413.98, compared to CNY 140,781,306.78 in 2024[20] Product Development - The company has no significant new product launches or technological developments reported during this period[12] Accounting Standards - The company did not apply new accounting standards starting from 2025, maintaining consistency in financial reporting[24]

Financial Performance - The company's operating revenue for the third quarter was CNY 1,540,585,302.45, representing an increase of 11.02% compared to the same period last year[4]. - The total profit for the year-to-date period was a loss of CNY 206,580,448.28, a decrease of 355.90% year-on-year[4]. - The net profit attributable to shareholders for the year-to-date period was a loss of CNY 163,251,592.00, reflecting a decrease of 421.90% compared to the previous year[4]. - The basic earnings per share for the third quarter was CNY -0.04, and for the year-to-date period, it was CNY -0.32, a decrease of 420.00%[5]. - The company reported a net loss of approximately -¥326.39 million, compared to a loss of -¥163.13 million in the previous year, primarily due to decreased product prices in the lithium segment[10]. - The company reported a net loss of CNY 175,661,004.96 for the first three quarters of 2025, compared to a net profit of CNY 61,602,177.32 in the same period of 2024[21]. - Basic and diluted earnings per share were both CNY -0.32, down from CNY 0.10 in the previous period[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was a negative CNY 454,059,601.33, a decrease of 637.01% year-on-year[5]. - The net cash flow from operating activities decreased by 637.01% to approximately -¥454.06 million, attributed to increased procurement payments and reduced cash receipts from sales[11]. - Operating cash flow for the first three quarters of 2025 was CNY -454,059,601.33, a significant decline from CNY 84,553,127.51 in the same period of 2024[24]. - Total cash inflow from operating activities decreased to CNY 4,338,286,562.98, down from CNY 4,951,459,283.18 year-over-year[24]. - Cash outflow from operating activities was CNY 4,792,346,164.31, compared to CNY 4,866,906,155.67 in the previous year[24]. - The company generated a net cash flow from investing activities of CNY 70,128,515.05, a recovery from a net outflow of CNY -425,109,344.47 in the previous year[25]. - The company received CNY 1,264,000,000.00 from investment recoveries, an increase from CNY 895,447,500.00 in the previous year[24]. - Cash inflow from financing activities was CNY 496,743,264.00, compared to CNY 302,892,917.66 in the previous year[25]. - The company experienced a net decrease in cash and cash equivalents of CNY -266,156,595.67, compared to a decrease of CNY -581,311,124.14 in the previous year[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,563,317,345.02, an increase of 2.77% from the previous year[5]. - The company's cash and cash equivalents decreased by 43.10% to CNY 349,868,874.49 due to raw material purchases in the lithium segment[9]. - Accounts receivable increased by 35.50% to approximately ¥375.48 million due to increased sales following the full production of the lithium segment's second phase[10]. - Prepayments surged by 311.47% to approximately ¥345.59 million, primarily due to increased advance payments for raw material purchases during the reporting period[10]. - Fixed assets rose by 75.08% to approximately ¥1.44 billion, mainly due to the capitalization of the 45,000-ton lithium salt project second phase[10]. - The company's total liabilities increased, with accounts payable rising by 323.58% to approximately ¥123.66 million due to increased bill processing during the reporting period[10]. - The company's deferred tax assets increased by 32.93% to approximately ¥116.77 million, primarily due to deductible losses from the current period[10]. - The company's total liabilities increased to CNY 1,846,469,615.83 as of September 30, 2025, up from CNY 1,624,536,999.62 at the end of 2024, reflecting a growth of 14%[19]. - The company's retained earnings showed a deficit of CNY 326,386,174.32 as of September 30, 2025, worsening from a deficit of CNY 163,134,582.32 at the end of 2024[19]. Market Conditions - The company reported a significant increase in asset impairment losses due to price declines in the lithium sector, impacting overall profitability[9]. - The weighted average return on net assets for the year-to-date period decreased by 12.42 percentage points, reflecting the adverse effects of market conditions[5]. - The company experienced a significant decrease in other income, down 82.17% to approximately ¥16.74 million, mainly due to reduced VAT deductions and government subsidies[11]. - Total revenue for the first three quarters of 2025 was CNY 3,932,149,458.84, a decrease of 17% compared to CNY 4,738,679,746.01 in the same period of 2024[20]. - Total operating costs for the first three quarters of 2025 amounted to CNY 3,995,204,959.59, down from CNY 4,693,603,694.46 in 2024, reflecting a reduction of approximately 15%[20]. - The company's research and development expenses for the first three quarters of 2025 were CNY 38,823,131.93, slightly higher than CNY 36,546,463.29 in the same period of 2024[21].