Financial Performance - The company's operating revenue for Q3 2025 was ¥258,695,563.90, a decrease of 25.05% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥9,279,762.64, down 59.69% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥8,163,676.34, a decrease of 63.87%[5]. - The basic earnings per share (EPS) was ¥0.0404, reflecting a decline of 71.81% compared to the previous year[5]. - The net profit for the year-to-date was ¥19,431,111.41, down 16.20% year-on-year, despite a 21.06% increase in total profit[9]. - Total operating revenue for the current period is CNY 463,656,279.33, a decrease from CNY 496,695,139.84 in the previous period[20]. - Net profit for the current period is CNY 18,951,889.09, compared to CNY 23,361,952.58 in the previous period[21]. - The total comprehensive income for the period was CNY 18,951,889.09, compared to CNY 23,361,952.58 in the previous period, reflecting a decrease of approximately 18.5%[22]. - Basic and diluted earnings per share decreased to CNY 0.0846 from CNY 0.1433, representing a decline of about 40.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,153,791,261.51, an increase of 2.52% from the end of the previous year[5]. - The company's total assets increased to CNY 2,153,791,261.51 from CNY 2,100,830,514.65[19]. - Total liabilities rose to CNY 1,025,348,779.36, up from CNY 981,063,300.30 in the previous period[19]. - The company's equity attributable to shareholders increased to CNY 1,103,885,255.67 from CNY 1,094,730,765.55[19]. - Accounts receivable decreased to CNY 183,156,397.13 from CNY 217,592,108.74[18]. - Inventory increased to CNY 312,710,579.96 from CNY 280,094,980.49[18]. - Long-term receivables rose significantly to CNY 286,309,764.25 from CNY 76,881,142.05[18]. - The company reported a decrease in employee compensation payable to CNY 22,029,793.40 from CNY 45,614,885.62[19]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥180,570,276.84, representing a significant decrease of 275.79%[5]. - Cash flow from operating activities showed a net outflow of CNY -180,570,276.84, a significant drop from a net inflow of CNY 102,721,845.21 in the previous period[24]. - Total cash inflow from operating activities was CNY 453,678,317.26, down 31.9% from CNY 666,019,005.54 in the prior period[24]. - Cash outflow from operating activities increased to CNY 634,248,594.10, compared to CNY 563,297,160.33, marking an increase of approximately 12.6%[24]. - Cash flow from investing activities generated a net inflow of CNY 55,935,390.50, a turnaround from a net outflow of CNY -7,106,482.54 in the previous period[24]. - Cash flow from financing activities resulted in a net outflow of CNY -72,768,786.30, compared to a smaller outflow of CNY -584,876.69 in the prior period[24]. - The ending cash and cash equivalents balance was CNY 248,797,788.10, an increase from CNY 199,220,722.41 in the previous period[24]. - The company received CNY 404,605,602.74 related to investment activities, which was not present in the previous period[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,848, with no preferred shareholders having restored voting rights[10]. - The largest shareholder, Shudao Transportation Service Group Co., Ltd., holds 29.35% of shares, totaling 67,386,985 shares[10]. - The second-largest shareholder, Xie Lemin, owns 7.30% of shares, amounting to 16,880,970 shares, with 12,660,727 shares under lock-up[10]. - The total number of restricted shares at the end of the reporting period is 22,831,906, an increase from 20,245,063 at the beginning of the period[14]. - The total number of shares held by the top ten unrestricted shareholders is 67,386,985, with no shares pledged or frozen[10]. - The top ten shareholders do not participate in margin financing or securities lending activities[11]. Strategic Developments - The company has not reported any new strategies or significant developments in product or technology research during this period[5]. - The company has established a joint venture with Shudao Investment Group and Toyota, with the fuel cell production line project expected to commence production by the end of 2025[15]. - The company has completed the construction and installation of production equipment for the joint venture's fuel cell production line, with trial production underway[15]. Audit Information - The company did not undergo an audit for the third quarter financial report[25].

Financial Performance - The company's operating revenue for Q3 2025 was ¥262,053,323.70, representing a 4.23% increase year-over-year[5] - Net profit attributable to shareholders decreased by 19.66% to ¥7,397,029.63 for the quarter, while year-to-date net profit increased by 26.25% to ¥14,253,561.23[5] - The basic and diluted earnings per share for Q3 2025 were both ¥0.0238, down 19.32% compared to the same period last year[5] - Total profit increased by 45.06% to 18,282,227.48, primarily due to the absence of prior period investment losses from foreign exchange hedging[10] - The net profit for the current period is 14,009,947.37, an increase from 11,218,166.19 in the previous period, representing a growth of approximately 25.5%[25] - The total profit for the current period is 18,282,227.48, compared to 12,602,932.65 in the previous period, indicating a growth of about 45.0%[25] - The basic and diluted earnings per share for the current period are both 0.0458, up from 0.0361 in the previous period, reflecting an increase of approximately 26.5%[26] - The company reported a total comprehensive income of 14,009,947.37 for the current period, compared to 11,218,166.19 in the previous period, reflecting an increase of approximately 25.5%[26] Assets and Liabilities - Total assets as of September 30, 2025, reached ¥1,122,217,216.68, a 15.26% increase from the end of the previous year[5] - Current assets totaled CNY 428.85 million, compared to CNY 333.95 million at the beginning of the year, marking a growth of 28.38%[19] - Total liabilities reached CNY 308.67 million, compared to CNY 167.89 million at the beginning of the year, an increase of 83.73%[21] - The company's total equity rose to CNY 813.54 million from CNY 805.75 million, a slight increase of 0.98%[21] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥10,130,184.92 year-to-date, a 72.09% increase in outflow compared to the previous year[5] - Cash inflow from operating activities is 836,170,833.41, compared to 660,552,098.86 in the previous period, showing an increase of about 26.6%[26] - The net cash flow from operating activities is -10,130,184.92, an improvement from -36,293,112.55 in the previous period[27] - Cash inflow from financing activities surged by 796.79% to 156,709,238.41, reflecting an increase in short-term borrowings[10] - Cash inflow from financing activities is 284,000,000.00, significantly higher than 84,000,000.00 in the previous period, marking an increase of approximately 238.1%[28] Borrowings and Financial Expenses - Short-term borrowings surged by 549.55% to ¥195,000,000.00, primarily due to increased borrowing during the period[9] - Financial expenses rose by 277.02% to ¥777,515.51, mainly due to increased interest expenses and currency fluctuations[9] - Interest income decreased by 60.88% to 155,491.03 due to a reduction in interest income from cash funds[10] Government Subsidies - The company received government subsidies amounting to ¥597,987.00 in Q3 2025, contributing to its financial performance[7] - The company reported a significant reduction in cash received from government subsidies, down 61.25% to 4,091,209.19[10] Inventory and Operating Costs - Inventory increased by 44.26% to ¥9,354,697.44, attributed to a rise in stock levels[9] - The operating cost for the period was CNY 751.31 million, up from CNY 645.43 million, reflecting an increase of 16.38%[24] - Research and development expenses amounted to CNY 20.56 million, compared to CNY 17.53 million, representing a growth of 17.29%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,026[12] - The largest shareholder, Wu Tifang, holds 34.32% of shares, with 106,735,869 shares pledged[12] Other Information - The company's cash and cash equivalents increased to CNY 110.76 million from CNY 56.27 million, a rise of 96.67%[18] - The company has not undergone an audit for the third quarter financial report[29]

Financial Performance - The company's revenue for Q3 2025 was ¥1,014,241,485.78, representing a decrease of 9.04% compared to the same period last year[5] - Net profit attributable to shareholders was ¥19,636,507.28, down 64.77% year-on-year[5] - The basic earnings per share decreased by 64.56% to ¥0.0112[5] - Total operating revenue decreased to ¥2,986,165,442.76 from ¥3,479,662,941.12, representing a decline of approximately 14.2% year-over-year[19] - Net profit for the period was ¥93,038,770.93, down from ¥125,071,709.27, reflecting a decline of approximately 25.6% year-over-year[20] - The total comprehensive income for the period was CNY 92,920,109.51, a decrease from CNY 126,583,622.01 in the previous period, representing a decline of approximately 26.6%[21] - Basic and diluted earnings per share decreased to CNY 0.0541 from CNY 0.0703, reflecting a decline of about 23.1%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,313,861,740.09, a decline of 10.46% from the previous year[5] - Total current assets decreased to ¥1,997,302,182.79 from ¥2,416,548,356.05, a decline of about 17.4%[17] - Total liabilities decreased to ¥1,596,503,149.44 from ¥2,418,228,262.79, a reduction of approximately 33.9%[18] - Total assets decreased to ¥6,313,861,740.09 from ¥7,051,472,039.71, a decline of about 10.5%[18] - Long-term equity investments slightly decreased to ¥161,338,058.75 from ¥168,451,049.29, a decrease of about 4.3%[17] Cash Flow - The company's cash flow from operating activities decreased by 23.29% to ¥447,929,055.88 year-to-date[5] - Cash inflow from operating activities was CNY 2,863,229,953.20, down from CNY 3,597,052,021.16, indicating a decrease of approximately 20.4%[22] - Cash outflow from operating activities totaled CNY 2,415,300,897.32, compared to CNY 3,013,164,063.60 in the previous period, a reduction of about 19.8%[23] - Net cash flow from operating activities was CNY 447,929,055.88, down from CNY 583,887,957.56, a decline of approximately 23.2%[23] - The ending cash and cash equivalents balance was CNY 199,443,001.26, down from CNY 393,754,256.49, a decrease of approximately 49.3%[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 92,463[11] - The largest shareholder, Huafeng Group Co., Ltd., holds 9.07% of the shares, totaling 159,655,893 shares[11] - The voting rights of 327,205,309 shares, accounting for 18.58% of the total share capital, have been entrusted to Huafeng Group Co., Ltd., resulting in a new controlling shareholder[12] - The company has seen a significant change in its shareholder structure, with the actual controller now being Mr. You Xiaoping, the controlling shareholder of Huafeng Group Co., Ltd.[12] - The company has a total of 227,077,950 shares subject to restrictions, with 246,850 shares remaining after the release of restrictions[14] Operational Metrics - The company reported a significant reduction in contract liabilities by 61.78% to ¥41,047,379.00[9] - Accounts receivable increased to ¥692,902,230.34 from ¥587,367,231.10, an increase of about 17.9%[17] - Inventory decreased to ¥741,872,531.22 from ¥836,165,296.30, a reduction of approximately 11.3%[17] - Research and development expenses decreased to ¥142,546,949.92 from ¥175,170,411.47, a reduction of approximately 18.6% year-over-year[20] - Total operating costs reduced to ¥2,907,460,983.42 from ¥3,369,733,186.74, a decrease of about 13.7% year-over-year[19] Government Support - The company received government subsidies amounting to ¥10,694,556.79 during the reporting period[6]

Financial Performance - The company's revenue for Q3 2025 was ¥135,313,585.02, representing a decrease of 16.66% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥27,428,783.36, an increase of 115.16% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.41, up by 115.79% compared to the same period last year[5] - Total operating revenue for the current period was ¥387,658,733.21, a decrease of 17.74% compared to ¥471,480,233.52 in the previous period[17] - Net profit for the current period was ¥56,625,745.10, an increase of 31.51% from ¥43,076,773.54 in the previous period[18] - Earnings per share (EPS) for the current period was ¥0.85, up from ¥0.64 in the previous period[19] - The company’s total comprehensive income for the current period was ¥56,625,745.10, an increase from ¥43,076,773.54 in the previous period[18] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥1,631,575,370.67, a decrease of 1.90% from the end of the previous year[5] - Total current assets decreased from CNY 1,491,750,592.72 to CNY 1,463,359,271.15, a decline of approximately 1.9%[14] - Total liabilities decreased from CNY 506,917,175.68 to CNY 474,056,772.74, a reduction of approximately 6.5%[15] - Total non-current assets decreased from CNY 171,395,035.79 to CNY 168,216,099.52, a decline of approximately 1.3%[15] - The company's total assets and equity amounted to ¥1,631,575,370.67 and ¥1,157,518,597.93 respectively[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥67,724,907.57, an increase of 222.15%[5] - Cash flow from operating activities generated a net amount of ¥67,724,907.57, significantly higher than ¥21,022,621.81 in the previous period[19] - Cash inflow from investment activities totaled ¥931,663,122.04, compared to ¥542,272,414.62 in the previous period[19] - The net cash flow from investing activities was -$65.21 million, a decrease from -$115.55 million in the previous period[20] - Cash inflow from financing activities totaled $621.91 million, while cash outflow was $508.27 million, resulting in a net cash flow of $113.63 million[20] - The ending balance of cash and cash equivalents was $741.22 million, compared to $924.14 million in the previous period[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,984[10] - The largest shareholder, Heng Dun Jian, holds 73.55% of the shares, totaling 49,036,400 shares[10] Other Financial Metrics - The company reported a significant increase in investment income of 21,969.62% year-on-year, amounting to ¥13,634,280.03[8] - Accounts receivable decreased by 41.31% to ¥79,032,791.54, attributed to increased sales collections[8] - The company’s prepayments increased by 255.38% to ¥5,974,267.03, mainly due to higher material prepayments[8] - Cash and cash equivalents decreased from CNY 867,121,403.52 to CNY 797,433,034.18, a reduction of about 8.0%[14] - Trade receivables decreased from CNY 134,661,606.36 to CNY 79,032,791.54, a decrease of approximately 41.3%[14] - Inventory increased from CNY 94,237,699.38 to CNY 113,118,630.37, an increase of about 20.0%[14] - The company reported a financial income of ¥26,691,583.02, an increase from ¥20,232,094.18 in the previous period[17] - The company experienced a credit impairment loss of ¥3,084,720.61, compared to a gain of ¥670,037.23 in the previous period[18] - The company reported a significant decrease in employee compensation payable from CNY 14,443,741.38 to CNY 9,604,439.19, a decline of approximately 33.5%[15] Audit Information - The company did not undergo an audit for the third quarter financial report[21]

Financial Performance - The company's revenue for the third quarter reached ¥1,477,317,850.60, representing a 38.89% increase year-over-year, and a total revenue of ¥3,890,177,765.60 for the year-to-date, up 28.69% compared to the previous year[5] - Net profit attributable to shareholders was ¥185,320,846.03, a significant increase of 204.65% year-over-year, with a year-to-date net profit of ¥367,474,484.24, up 120.56%[5] - The basic earnings per share for the quarter was ¥0.41, reflecting a 173.33% increase compared to the same period last year, and ¥0.85 year-to-date, up 107.32%[5] - Total operating revenue for the current period reached ¥3,890,177,765.60, a significant increase of 28.7% compared to ¥3,023,021,314.11 in the previous period[17] - Operating profit for the current period was ¥579,479,433.04, up from ¥201,229,664.98, reflecting a growth of 187.5%[17] - Net profit attributable to shareholders of the parent company was ¥367,474,484.24, compared to ¥166,611,224.46 in the previous period, marking an increase of 120.5%[18] - The total comprehensive income for the current period was ¥481,659,852.90, compared to ¥181,055,045.64, reflecting a growth of 165.5%[18] - The company has shown a strong performance in both revenue and profit metrics, suggesting effective operational strategies and market positioning[17][18] Assets and Liabilities - The company's total assets increased to ¥6,315,899,424.76, a 13.02% rise from the end of the previous year[5] - The company's total assets amount to approximately ¥6.32 billion, an increase from ¥5.59 billion in the previous period[14] - The total liabilities increased to ¥2,288,886,316.48 from ¥2,124,759,531.67, representing a rise of 7.7%[17] - The total equity attributable to shareholders of the parent company rose to ¥3,511,388,592.39, up from ¥3,024,755,772.75, an increase of 16.1%[17] - Current liabilities include short-term loans of ¥737.96 million, up from ¥623.02 million[14] - Accounts receivable stand at ¥1.01 billion, slightly increasing from ¥999.76 million[14] - Inventory has risen to ¥651.86 million, compared to ¥527.71 million previously[14] - Non-current assets total approximately ¥3.70 billion, up from ¥3.35 billion[14] Cash Flow - Cash flow from operating activities for the year-to-date was ¥409,854,967.14, a substantial increase of 307.18% compared to the same period last year[5] - Cash inflow from operating activities totaled $3,621,242,759.79, an increase from $2,570,672,526.85 in the previous period, representing a growth of approximately 41%[21] - Net cash outflow from investing activities was $581,472,310.28, compared to a net outflow of $368,755,527.86 in the prior period, indicating a decline in investment cash flow[21] - Cash inflow from financing activities amounted to $1,717,861,496.76, up from $1,124,186,653.14, reflecting a growth of about 53%[22] - The net cash flow from financing activities was $239,613,201.01, a decrease from $570,851,432.90 in the previous period, showing a reduction in financing efficiency[22] - The company reported a net increase in cash and cash equivalents of $81,875,640.80, compared to $11,925,203.18 in the prior period, indicating improved liquidity[22] - The ending balance of cash and cash equivalents was $575,505,613.10, up from $415,004,878.14, reflecting a strong cash position[22] - The company received tax refunds amounting to $237,341,355.81, an increase from $175,126,639.09, which supports operational cash flow[21] - Total cash outflow for operating activities was $3,211,387,792.65, compared to $2,768,499,296.37, indicating increased operational expenditures[21] - The company paid $326,566,677.64 in dividends and interest, significantly higher than $49,145,745.23 in the previous period, reflecting a commitment to shareholder returns[22] - The company disposed of fixed assets and received cash of $694,212.86, down from $1,326,913.25, indicating a decrease in asset liquidation[21] Expenses - The company reported a 59.85% increase in selling expenses, totaling ¥86,286,856.67, primarily due to higher salaries, travel expenses, and insurance costs[8] - Research and development expenses rose by 32.40% to ¥140,088,147.58, driven by increased salaries, outsourced research, and consulting fees[8] - Research and development expenses for the current period were ¥140,088,147.58, compared to ¥105,808,513.82, indicating a growth of 32.3%[17] - The company reported a 75.12% decrease in credit impairment losses, amounting to -¥5,789,173.03, due to a reduction in accounts receivable balance fluctuations[8] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,662[10] - The largest shareholder, Taihe Group Limited, holds 76.85% of shares, totaling 345,830,000 shares[10] - The top ten shareholders account for a significant portion of the company's equity, with the top three holding over 85%[10] - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[12] Other Financial Metrics - The cash flow statement for the period is pending further details, indicating ongoing financial activities[19] - The company experienced a 198.56% increase in capital reserves, reaching ¥518,405,740.16, attributed to an increase in the company's share capital[8]

招商局公路网络科技控股股份有限公司 2025 年第三季度报告 证券代码：001965 证券简称：招商公路 公告编号：2025-65 招商局公路网络科技控股股份有限公司 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。 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 1 招商局公路网络科技控股股份有限公司 2025 年第三季度报告 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 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 3,040,015,554.95 ...

Financial Performance - Revenue for the third quarter reached ¥1,382,617,607.21, an increase of 5.95% compared to the same period last year[5] - Net profit attributable to shareholders was ¥25,962,695.68, a significant increase of 352.82% year-on-year[5] - Net profit excluding non-recurring items was ¥19,593,043.29, up 194.69% from the previous year[5] - Total operating revenue for the period reached ¥4,176,416,626.53, an increase of 4.34% compared to ¥4,002,631,631.15 in the previous period[37] - Net profit for the period was ¥95,058,838.21, a decrease of 19.59% from ¥118,241,084.86 in the previous period[37] - The net profit attributable to the parent company shareholders was approximately ¥94.87 million, a decrease from ¥122.90 million in the previous period, representing a decline of about 22.8%[38] - The total comprehensive income attributable to the parent company owners was approximately ¥112.11 million, down from ¥120.24 million, reflecting a decrease of about 6.4%[38] - The basic and diluted earnings per share were both ¥0.09, compared to ¥0.12 in the previous period, indicating a decline of 25%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,977,825,070.48, reflecting an increase of 8.63% from the end of the previous year[5] - Total assets increased to ¥8,977,825,070.48 from ¥8,264,845,329.57, representing a growth of 8.59%[36] - Current assets totaled ¥6,334,044,329.13, up from ¥5,284,509,305.36, indicating a rise of 19.87%[35] - Total liabilities decreased slightly to ¥4,739,677,564.36 from ¥4,742,182,046.85, a decline of 0.05%[35] - Total equity attributable to shareholders rose to ¥4,121,897,289.43 from ¥3,403,319,460.50, an increase of 21.09%[36] Cash Flow - Cash flow from operating activities for the year-to-date was ¥280,817,023.26, down 23.61% year-on-year[5] - Cash flow from operating activities generated a net amount of approximately ¥280.82 million, down from ¥367.63 million, a decrease of about 23.5%[40] - Cash inflow from investment activities totaled approximately ¥626.27 million, while cash outflow was approximately ¥773.15 million, resulting in a net cash flow of -¥146.88 million[40] - Cash flow from financing activities generated a net amount of approximately ¥105.29 million, compared to a net outflow of -¥269.33 million in the previous period, indicating a significant improvement[40] - The total cash and cash equivalents at the end of the period were approximately ¥449.74 million, slightly down from ¥468.60 million[40] Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,219[29] - The largest shareholder, Liu Baikuan, holds 11.41% of shares, totaling 132,245,727 shares, with 57,100,000 shares pledged[29] - Liu Baichun, the second-largest shareholder, owns 8.27% of shares, amounting to 95,842,403 shares, with 29,700,000 shares pledged[29] - The company repurchased 13,229,687 shares, representing 1.14% of the total share capital[30] - A reduction plan was executed by members of Liu Baikuan's family, resulting in a total of 9,726,850 shares sold, which is 0.932% of the total share capital at the time of the sale[30] - The company’s controlling shareholder structure changed from 11 to 8 members after the reduction plan was completed[30] Investment and Expenses - Investment income rose by 30.84% year-on-year, attributed to gains from the sale of shares in Xining Special Steel[17] - Research and development expenses were ¥159,689,500.33, slightly up from ¥157,555,502.33, reflecting a growth of 1.36%[37] - The company reported a decrease in financial expenses to ¥23,905,039.58 from ¥58,111,687.24, a reduction of 58.80%[37] Other Information - The company did not conduct any mergers or acquisitions during the reporting period, focusing instead on internal growth strategies[41] - The company decided to redeem 9,133 convertible bonds at a price of 100.906 CNY per bond, leading to the delisting of these bonds[31] - The company concluded the "Shanghai R&D Center Construction Project" and will permanently supplement working capital with the remaining funds from the convertible bond issuance[32] - The company’s financial reports are compiled as of September 30, 2025[33] - The overall profit margin was impacted by a 31.67% decrease in total profit compared to the previous year, influenced by domestic market conditions and increased credit impairment losses[21] - The company experienced a 112.93% increase in short-term borrowings compared to the beginning of the year, driven by changes in financing structure and increased operational funding needs[9] - Short-term borrowings surged to ¥1,339,775,190.70, compared to ¥629,199,192.34, marking an increase of 113.73%[35] - Total operating costs amounted to ¥4,048,043,805.17, up from ¥3,897,456,648.58, reflecting a growth of 3.87%[37] - The company received cash from sales of goods and services amounting to approximately ¥3.62 billion, an increase from ¥3.42 billion, representing a growth of about 5.8%[39] - The company paid approximately ¥2.42 billion for purchasing goods and services, an increase from ¥2.17 billion, reflecting a rise of about 11.5%[40]

深圳民爆光电股份有限公司 2025 年第三季度报告 证券代码：301362 证券简称：民爆光电 公告编号：2025-051 深圳民爆光电股份有限公司 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 1 深圳民爆光电股份有限公司 2025 年第三季度报告 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 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 412,998,175.98 | -0.34% | 1,23 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥782,637,508.67, an increase of 11.38% compared to the same period last year[4] - Net profit attributable to shareholders was ¥19,418,650.48, reflecting a growth of 15.08% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥18,986,990.90, up 21.31% from the previous year[4] - Total operating revenue for the current period is CNY 2,039,240,964.48, a decrease from CNY 2,079,508,874.68 in the previous period[19] - Net profit for the current period is CNY 39,160,214.22, down from CNY 74,243,533.85 in the previous period, representing a decline of approximately 47.3%[20] - Basic and diluted earnings per share for the current period are both CNY 0.0410, compared to CNY 0.0774 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,307,275,179.40, a decrease of 4.06% from the end of the previous year[4] - The company’s total assets as of September 30, 2025, amount to 4,307,275,179.40 yuan, a decrease from 4,489,680,655.19 yuan at the beginning of the period[17] - Current assets total 1,507,587,411.12 yuan, down from 1,726,002,496.27 yuan at the beginning of the period[17] - Total liabilities amount to CNY 1,905,272,787.79, a decrease from CNY 2,053,171,622.88 in the previous period[18] - Total equity attributable to shareholders of the parent company is CNY 2,402,002,391.61, down from CNY 2,436,509,032.31 in the previous period[18] Cash Flow - The company reported a net cash flow from operating activities of ¥321,177,106.41, down 18.25% year-on-year due to reduced cash received from sales[9] - Cash flow from operating activities for the current period is CNY 321,177,106.41, down from CNY 392,894,490.26 in the previous period[22] - Net cash flow from investing activities was -$206.20 million, compared to -$171.83 million in the previous period, indicating a decrease in investment returns[23] - Cash inflow from financing activities totaled $40 million, down from $233.40 million in the previous period, reflecting reduced borrowing[23] - Cash outflow from financing activities was $397.93 million, compared to $438.34 million in the previous period, showing a slight decrease in cash used for financing[23] - The net increase in cash and cash equivalents was -$242.83 million, contrasting with a positive increase of $16.12 million in the previous period[23] - The ending balance of cash and cash equivalents was $72.76 million, down from $91.15 million in the previous period[23] Business Strategy and Market Expansion - The company is expanding its market by exporting three-piece tinplate beer cans and two-piece aluminum cans to Vietnam, enhancing its beverage service platform[10] - The company has successfully reduced reliance on a single major customer, improving the risk profile of its customer base[10] - New business models and customer orders have shown sustainable growth, particularly in the beverage service platform covering various popular drink categories[10] - The company has seen a significant increase in order quantities and frequencies from some major clients, indicating a positive trend in its contract manufacturing business[10] - The overall performance remains stable despite a significant decline compared to the previous year, aligning with the average level for a "small year" in the beverage industry[9] - The company is actively expanding into new markets, including the export of three-piece tin beer cans and two-piece aluminum cans to Vietnam, achieving positive results[11] - The number of orders in the traditional core business remains stable at an average level for a "small year," laying a foundation for sustainable development[11] - The company's strategy of becoming a "full-industry chain beverage service platform" is progressing well, with positive trends in traditional core customer growth, new customers, new products, and new business developments[11] - The first major customer’s proportion and reliance on a single major customer have significantly decreased, indicating effective business structure adjustments[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 25,481, with no preferred shareholders[13] - The largest shareholder, China Food Packaging Co., Ltd., holds 44.75% of the shares, amounting to 427,547,807 shares[13] Research and Development - Research and development expenses for the current period are CNY 5,904,675.87, down from CNY 6,691,002.59 in the previous period[19] - Other income increased to CNY 9,804,392.29 from CNY 7,322,320.10 in the previous period[20] Audit and Oversight - The company did not undergo an audit for the third quarter financial report, indicating potential limitations in financial oversight[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥163,372,274.17, a decrease of 6.78% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥40,994,776.06, down 6.99% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.4699, reflecting a decline of 30.24% compared to the previous year[5] - Total operating revenue decreased to $539.28 million from $617.54 million, a decline of approximately 12.65% year-over-year[22] - Total operating costs reduced to $397.31 million from $492.60 million, representing a decrease of about 19.29% year-over-year[22] - Operating profit increased to $155.55 million from $138.10 million, marking a growth of approximately 12.88% year-over-year[23] - Net profit rose to $139.35 million compared to $125.76 million, reflecting an increase of about 10.77% year-over-year[24] - Basic and diluted earnings per share decreased to 1.6429 from 1.922, a decline of approximately 14.5% year-over-year[24] Assets and Liabilities - Total assets as of September 30, 2025, reached ¥2,139,562,287.51, an increase of 14.28% from the end of the previous year[5] - The total assets of Yalian Machinery Co., Ltd. as of September 30, 2025, amounted to CNY 2,139,562,287.51, an increase from CNY 1,872,207,468.65 at the beginning of the period[20] - Current assets totaled CNY 1,312,061,714.90, up from CNY 1,147,262,500.99 at the start of the period, indicating a growth of approximately 14.36%[17] - The company's total liabilities decreased to CNY 989,590,905.45 from CNY 1,170,634,536.94, representing a reduction of about 15.46%[19] - The total current liabilities decreased to CNY 962,294,320.96 from CNY 1,137,354,727.32, a decline of approximately 15.43%[19] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 63.91% to ¥1,149,971,382.06 compared to the end of the previous year[5] - The equity attributable to the parent company increased significantly to CNY 1,149,971,382.06 from CNY 701,572,931.71, marking an increase of approximately 63.83%[20] - The company's retained earnings increased to CNY 578,613,722.95 from CNY 498,488,416.69, representing a growth of about 16.06%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥27,094,828.30, a significant decrease of 117.73% compared to the same period last year[11] - The company's cash flow from financing activities for the year-to-date was ¥327,292,361.80, a remarkable increase of 1446.94% due to the initial public offering[11] - Cash flow from operating activities showed a net outflow of $27.09 million, down from a net inflow of $152.86 million in the previous period[27] - Cash flow from investing activities resulted in a net outflow of $414.85 million, compared to a net outflow of $216.65 million last year[27] - Cash flow from financing activities generated a net inflow of $327.29 million, reversing from a net outflow of $24.30 million in the previous period[28] - The ending cash and cash equivalents balance was $137.30 million, down from $206.58 million year-over-year[28] - The cash and cash equivalents decreased to CNY 142,250,068.26 from CNY 271,829,030.93, indicating a decline of about 47.7%[16] Investments - Investment income for the year-to-date was ¥12,454,197.06, up 76.40% year-on-year, attributed to increased financial investments[11] - The company's long-term investments in fixed assets increased to CNY 245,023,680.93 from CNY 140,596,306.73, showing a growth of about 74.3%[18] - The company received $381.38 million from investment activities, indicating a strong capital influx during the period[28] Other Information - The total number of ordinary shareholders at the end of the reporting period was 7,900[12] - The third quarter financial report has not been audited[29] - The new accounting standards will be implemented starting in 2025[30]