证券代码：300468 证券简称：四方精创 公告编号：2025-043 深圳四方精创资讯股份有限公司 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。 深圳四方精创资讯股份有限公司 2025 年第三季度报告 深圳四方精创资讯股份有限公司 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） | 146,285,323.13 | -21.93% | 453,391,342.67 | -14.46% | | 归属于上市公司股东 | 22,926,733.96 | 45.84% | 66,891,526.96 | ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥402,922,577.70, a decrease of 19.48% compared to the same period last year[5] - Net profit attributable to shareholders was ¥21,614,285.99, reflecting a slight increase of 1.90% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,039,717.38, up by 17.11% compared to the previous year[5] - Total operating revenue for the period was CNY 1,323,475,579.74, a decrease of 15.5% compared to CNY 1,567,095,348.60 in the previous period[25] - Net profit for the period reached CNY 65,254,791.40, an increase of 24.3% compared to CNY 52,487,509.65 in the previous period[26] - Total comprehensive income for the period reached ¥65,254,791.40, an increase from ¥52,487,509.65 in the previous period, representing a growth of approximately 24.5%[27] - Basic and diluted earnings per share increased to ¥0.1339 from ¥0.1081, reflecting a rise of about 23.5%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,933,283,237.18, down 11.73% from the end of the previous year[5] - Total assets decreased to CNY 1,933,283,237.18 from CNY 2,190,153,803.23 at the beginning of the period[24] - Total liabilities decreased to CNY 896,791,387.44 from CNY 1,218,916,744.89 at the beginning of the period[24] Cash Flow - Cash flow from operating activities for the year-to-date was ¥108,432,317.61, a decrease of 32.58% compared to the same period last year[11] - Net cash flow from operating activities was ¥108,432,317.61, down from ¥160,829,434.12, indicating a decrease of approximately 32.5%[29] - Cash inflow from operating activities totaled ¥1,442,702,297.91, compared to ¥1,691,392,057.07 in the previous period, a decline of about 14.7%[28] - Cash outflow from operating activities was ¥1,334,269,980.30, down from ¥1,530,562,622.95, showing a decrease of approximately 12.8%[29] - Net cash flow from investing activities was ¥36,896,540.01, a significant improvement from a negative cash flow of ¥28,573,614.63 in the previous period[29] - Cash flow from financing activities resulted in a net outflow of ¥210,256,702.14, compared to a net inflow of ¥22,647,800.87 previously, indicating a shift in financing strategy[29] - The ending cash and cash equivalents balance was ¥285,539,980.46, down from ¥342,360,183.71, reflecting a decrease of approximately 16.5%[29] - The company reported a net increase in cash and cash equivalents of -¥63,848,199.65 for the period, contrasting with an increase of ¥155,815,122.09 in the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,280[13] - The largest shareholder, Jingzhou Huihe Equity Investment Partnership, holds 17.05% of shares, totaling 83,370,000 shares[13] - Chen Bailin, a natural person, holds 9.17% of shares, totaling 44,856,287 shares, which are pledged and frozen[13] - The total number of shares with limited sales at the end of the period is 30,263,738 shares, with 3,833,703 shares released from restrictions during the period[17] - The number of shares held by the top ten unrestricted shareholders includes significant holdings by Jingzhou Huihe and Chen Bailin, totaling 128,000,000 shares[14] Legal Matters - The company is involved in a lawsuit initiated by its controlling shareholder, Jingzhou Huihe, against Chen Bailin for unpaid pledged loans, involving 44,856,287 shares[19] - The court has accepted the case, and a first-instance judgment has been made in favor of Jingzhou Huihe, with further proceedings pending[19] - The company has a commitment to maintain control despite the ongoing litigation[19] - The company plans to adhere to legal disclosure obligations regarding the ongoing litigation[19] Other Financial Metrics - The financial expenses decreased by 76.41% to ¥4,119,747.21, primarily due to a reduction in loan scale and interest rates[9] - The company’s basic earnings per share for the reporting period was ¥0.0442, an increase of 1.84% year-on-year[5] - The company’s total equity attributable to shareholders increased by 6.74% to ¥1,036,395,806.39 compared to the end of the previous year[5] - The company reported a decrease in inventory to CNY 349,019,481.36 from CNY 388,445,169.49 at the beginning of the period[23] - Long-term equity investments decreased to CNY 117,882,501.48 from CNY 141,380,814.86 at the beginning of the period[22] - Research and development expenses were CNY 67,030,168.78, down from CNY 70,586,699.61 in the previous period[26] - The company’s total current assets decreased to CNY 1,382,281,075.13 from CNY 1,594,220,600.05 at the beginning of the period[23] Audit Status - The financial report for the third quarter was not audited, which may impact the reliability of the reported figures[31]

Financial Performance - The company's operating revenue for Q3 2025 was ¥47,085,749.04, a decrease of 17.99% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was ¥8,353,327.31, down 33.95% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.0341, reflecting a decline of 32.21% compared to the previous year[5] - Total operating revenue for the current period reached ¥207,555,766.82, an increase of 2.6% compared to ¥200,349,517.18 in the previous period[21] - Net profit for the current period was ¥60,005,254.09, a decrease of 12.8% from ¥68,733,577.88 in the previous period[22] - The company's operating profit decreased to ¥70,937,186.80 from ¥76,791,368.69, representing a decline of 7.4%[22] - Basic earnings per share for the current period were ¥0.2452, down from ¥0.2790 in the previous period, indicating a decrease of 12.1%[22] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,407,560,860.96, a decrease of 3.24% from the end of the previous year[5] - Total current assets decreased from ¥1,231,153,874.27 to ¥1,155,093,945.78, reflecting a decline in cash and cash equivalents[18] - Total assets decreased from ¥1,454,668,749.86 to ¥1,407,560,860.96, indicating a reduction in both current and non-current assets[18] - Total current liabilities decreased from ¥224,530,457.28 to ¥196,278,811.69, showing a reduction in short-term borrowings and accounts payable[18] - Total liabilities decreased to ¥206,273,214.34 from ¥238,049,955.40, a reduction of approximately 13.4%[19] - Total equity attributable to shareholders of the parent company was ¥1,200,737,841.86, slightly down from ¥1,216,030,641.10, a decrease of 1.3%[19] - Deferred income decreased to ¥6,222,968.02 from ¥6,388,901.11, a decline of 2.6%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥97,013,373.98 for the year-to-date, an increase of 17.64%[5] - Operating cash flow for the current period was ¥97,013,373.98, an increase of 17.5% compared to ¥82,465,147.33 in the previous period[24] - Total cash inflow from investment activities was ¥1,037,267,318.02, up from ¥776,619,389.57, representing a growth of 33.5%[24] - Net cash flow from investment activities was -¥79,866,082.51, worsening from -¥29,799,049.70 in the previous period[24] - Cash flow from financing activities resulted in a net outflow of -¥97,892,602.43, compared to -¥54,791,327.41 previously, indicating increased cash outflow[25] - The cash and cash equivalents at the end of the period decreased to ¥252,001,639.57 from ¥315,321,513.68, a decline of 20.1%[25] Financial Management - The financial expenses for Q3 2025 showed a dramatic increase of 563.03%, totaling -¥9,895,249.86, primarily due to foreign exchange losses[10] - Financial expenses showed a significant improvement, moving from a cost of ¥2,137,060.78 to an income of ¥-9,895,249.86, indicating a positive change in financial management[22] - Other comprehensive income after tax for the current period was ¥-1,883,771.93, contrasting with an income of ¥1,697,910.81 in the previous period, reflecting a significant shift in financial performance[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,722, with no preferred shareholders[14] - The largest shareholder, Guo Fengming, holds 45.00% of the shares, totaling 110,703,926 shares[14] Investment Activities - Cash paid for investments rose by 38.65% to ¥1,107,832,151.25, mainly due to increased purchases of structured deposits[12] - The company reported a significant increase in cash paid for fixed assets, intangible assets, and other long-term assets by 43.17% to ¥20,930,359.68[12] - Cash recovered from investments increased by 33.38% to ¥1,016,336,958.34, primarily due to an increase in structured deposit recoveries[12] Tax and Subsidies - The company received government subsidies amounting to ¥272,873.38 during the quarter, down from ¥538,201.76 year-to-date[6] - Cash received from tax refunds decreased by 32.72% to ¥8,235,057.77 compared to the previous period[12] - The company received ¥8,235,057.77 in tax refunds, down from ¥12,239,810.10, a decrease of 32.8%[24] Employee Expenses - Cash paid to employees increased to ¥56,652,985.27 from ¥50,002,442.94, marking an increase of 13.3%[24]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,024,011,401.06, an increase of 14.18% compared to the same period last year[5] - Net profit attributable to shareholders was ¥15,601,600.28, representing a significant increase of 257.49% year-on-year[5] - The basic earnings per share rose to ¥0.04, marking a 300.00% increase compared to the previous year[5] - Total operating revenue for the period reached ¥2,711,272,087.05, an increase of 22.7% compared to ¥2,209,594,759.64 in the previous period[20] - Net profit for the period was reported at -¥2,497,923.27, an improvement from -¥28,834,425.17 in the previous period[21] - The company reported a net operating profit of -¥5,235,402.11, an improvement from -¥25,221,473.94 in the previous period[21] - Total comprehensive income for the period was -1,465,665.06, compared to -28,866,108.40 in the previous period[22] - Basic and diluted earnings per share improved to 0.03 from -0.03 in the previous period[22] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,561,305,334.91, reflecting an 11.80% increase from the end of the previous year[5] - The company's total assets increased to ¥3,561,305,334.91 from ¥3,185,561,966.28, representing a growth of 11.8%[18] - Current liabilities rose to ¥1,522,060,863.61, compared to ¥1,195,761,522.55, indicating a 27.3% increase[18] - Non-current liabilities decreased to ¥856,857,928.78 from ¥1,078,392,776.11, a reduction of 20.5%[18] - The total equity attributable to shareholders increased to ¥1,145,367,747.84 from ¥856,891,430.76, marking a growth of 33.7%[18] Cash Flow - The company's cash flow from operating activities showed a remarkable increase of 1,238.50%, totaling ¥4,916,840.92 year-to-date[5] - The net cash flow from operating activities increased by 5,348,709.98 CNY, a year-on-year growth of 1,238.50% due to an increase in cash received from sales by 319,047.8 CNY[11] - Cash inflow from operating activities increased to 2,584,261,498.09, up from 2,302,005,582.89 in the previous period[23] - Net cash flow from operating activities turned positive at 4,916,840.92, compared to a negative 431,869.06 in the previous period[23] - The net cash flow from investing activities increased by 114,174,327.81 CNY, a year-on-year growth of 39.89%, primarily due to a decrease in cash paid for fixed assets by 178,350.8 CNY[11] - Cash outflow from investing activities decreased to 172,266,017.46 from 287,394,838.96 in the previous period[24] - The net cash flow from financing activities decreased by 30,473,922.79 CNY, a year-on-year decline of 12.36%, mainly due to a reduction in cash received from borrowings by 140,030.0 CNY[12] - Net cash flow from financing activities was 216,003,738.08, down from 246,477,660.87 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,649, with the largest shareholder, Chen Xiao, holding 33.93% of shares[13] - Chen Xiao pledged 39,200,000 shares, which is part of the 168,636,292 shares he holds[13] - The total share capital increased from 437,085,230 shares to 496,978,222 shares after the redemption of the bonds[14] Other Financial Metrics - The weighted average return on equity was 1.75%, up by 2.81% compared to the previous year[5] - Research and development expenses for the period were ¥69,107,907.31, slightly up from ¥67,281,322.09, indicating a focus on innovation[21] - Other comprehensive income after tax was ¥1,032,258.21, compared to -¥31,683.23 in the previous period, showing a positive turnaround[21] - Cash and cash equivalents at the end of the reporting period amounted to 158,053,774.32 CNY, compared to 38,077,616.81 CNY at the beginning of the period[16] - Accounts receivable increased to 463,007,289.53 CNY from 395,789,651.35 CNY at the beginning of the period[16] - Prepayments increased to 14,166,831.32 CNY from 8,458,357.18 CNY at the beginning of the period[16] Customer Demand - The company experienced a 338.82% increase in advance receipts, totaling ¥5,508,181.21, indicating strong customer demand[8] - The company reported a significant increase in prepayments, which rose by 67.49% to ¥14,166,831.32, indicating increased inventory purchases[8] 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 ¥997,992,556.11, a decrease of 12.80% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥83,843,404.20, an increase of 60.54% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥81,826,055.57, up 41.52% from the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.17, reflecting a 70.00% increase compared to the same period last year[5] - Total operating revenue for the current period is ¥3,220,853,735.91, a decrease of 2.77% from ¥3,312,088,895.04 in the previous period[19] - Net profit for the current period is ¥252,953,081.30, an increase of 15.1% compared to ¥219,728,140.70 in the previous period[19] - The total comprehensive income attributable to the parent company was approximately ¥252.63 million, an increase from ¥219.75 million in the previous period, reflecting a growth of about 15%[20] - Basic and diluted earnings per share increased to ¥0.50 from ¥0.44, representing a growth of approximately 13.64%[20] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,297,477,191.96, representing a 1.15% increase from the end of the previous year[5] - Total current assets increased to ¥3,022,262,643.50 from ¥2,977,116,618.92, showing a growth of 1.52%[18] - Total non-current assets slightly increased to ¥1,275,214,548.46 from ¥1,271,442,646.77, a growth of 0.22%[18] - Total liabilities decreased to ¥574,837,700.43 from ¥628,032,201.97, a reduction of 8.47%[18] - Total equity attributable to shareholders increased to ¥3,722,639,491.53 from ¥3,620,527,063.72, reflecting a growth of 2.82%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥1,255,431,741.43, a decrease of 28.45% compared to the previous year[5] - The net cash flow from financing activities decreased by 45.00%, mainly due to reduced cash inflow from new borrowings[10] - Cash inflows from financing activities totaled approximately ¥318.65 million, compared to ¥718.44 million in the previous period, indicating a decrease of about 55.7%[21] - Cash outflows for debt repayment amounted to approximately ¥1.06 billion, down from ¥2.18 billion, showing a reduction of about 51.5%[21] - The impact of exchange rate fluctuations on cash and cash equivalents was approximately ¥550.22 million, compared to ¥37.02 million in the previous period, indicating a significant increase[21] Investments and Projects - The company reported a significant increase in prepayments for raw material purchases, with a rise of 304.2% in advance payments[9] - The company recorded a 494.6% increase in construction in progress, attributed to increased investment in the Baomai Phase II project[9] - The company plans to invest CNY 259 million in a new 50,000 tons/year specialty malt production line to enhance high-end malt production capacity[13] - The company has completed the construction of the new malt production line's civil works and is currently installing equipment[13] - The company has increased its investment in the subsidiary Baomai by CNY 103 million to support the new production line project[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,354[12] - The largest shareholder, Dongyuehai Holdings Group Co., Ltd., holds 51.52% of shares, totaling 258,478,227 shares[12] - The top ten shareholders do not participate in margin financing activities[12] Financial Expenses - The company experienced a 76.34% reduction in financial expenses, primarily due to decreased financing and interest expenses[10] - Financial expenses decreased to ¥5,094,428.90 from ¥21,533,308.89, a reduction of 76.3%[19]

Financial Performance - The company's operating revenue for Q3 2025 was ¥668,205,837.80, a decrease of 29.26% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥45,899,265.40, representing a decline of 604.29% year-on-year[5] - Basic earnings per share were -¥0.0136, down 615.79% from the previous year[5] - The company reported a net loss of CNY 3,001,573,674.46, compared to a net loss of CNY 2,963,105,462.22 in the previous period[17] - The company reported a net loss of ¥39,273,609.59, compared to a net profit of ¥64,236,567.81 in the previous period, indicating a significant decline in profitability[22] - Operating income decreased to ¥1,840,736.52 from ¥83,693,091.17 year-over-year, reflecting a substantial drop in operational performance[22] - The company’s total comprehensive income was -¥39,273,609.59, compared to ¥64,236,567.81 in the previous period, highlighting a significant downturn in overall financial health[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,553,494,556.46, a decrease of 1.85% from the end of the previous year[5] - Total assets decreased to CNY 6,553,494,556.46 from CNY 6,677,192,220.41, a reduction of 1.9%[19] - Current liabilities totaled CNY 3,397,056,008.22, down 4.4% from CNY 3,554,245,324.97[17] - Non-current liabilities increased to CNY 1,133,244,612.46 from CNY 1,082,217,261.47, an increase of 4.7%[17] - The company’s total equity decreased to CNY 2,023,193,935.78 from CNY 2,040,729,633.97, a decline of 0.9%[19] - The total equity attributable to shareholders decreased by 0.84% to ¥1,968,248,965.17[5] Cash Flow - The company reported a net cash flow from operating activities of ¥150,956,067.08, down 31.88% year-on-year[5] - Cash flow from operating activities generated ¥150,956,067.08, down from ¥221,602,100.83 in the previous period, showing a decrease of approximately 32%[23] - The company incurred total operating cash outflows of ¥2,168,439,165.33, compared to ¥2,699,237,920.23 in the previous period, reflecting a reduction in cash outflows[23] - The company’s financing activities generated a net cash inflow of ¥71,168,098.79, contrasting with a net outflow of -¥208,419,983.73 in the previous period, suggesting improved financing conditions[24] Research and Development - Research and development expenses increased by 61.69% to ¥12,149,790.69 due to higher external R&D spending[8] - Research and development expenses rose to CNY 12,149,790.69, up from CNY 7,514,256.13, reflecting a 61.5% increase[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 69,301, with no preferred shareholders having restored voting rights[11] - The largest shareholder, Beijing New Mileage Health Industry Group Co., Ltd., holds 24.38% of shares, amounting to 825,927,323 shares, with 310,625,970 shares pledged[11] - The second-largest shareholder, Minmetals Jintong Equity Investment Fund Management Co., Ltd., holds 4.91% of shares, totaling 166,391,223 shares[11] - The company has no preferred shareholders or significant changes in the top ten shareholders participating in margin trading[12] Government Subsidies and Other Income - The company reported a total of ¥1,880,599.39 in government subsidies recognized during the reporting period[6] - The company received cash from other operating activities amounting to approximately ¥59.78 million, a 144.54% increase compared to the previous period[9] - The company received ¥112.7 million from investments, marking a 100.00% increase from the previous period due to funds from priority partners[9] Financing Activities - Cash received from financing activities rose by 100.82% to ¥238.28 million, attributed to an increase in non-bank financing[9] - Cash paid for financing activities increased by 55.14% to ¥288.45 million, primarily for the repayment of employee loans and other non-bank financing[9] - Cash paid for the acquisition of subsidiaries increased dramatically by 3100.00% to ¥160 million, indicating a substantial investment in subsidiary equity acquisition[9] - The net cash received from the disposal of subsidiaries was ¥521.92, reflecting a significant decrease of 99.98% due to the disposal of subsidiaries during the reporting period[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥135,523,708.63, a decrease of 6.17% compared to the same period last year[4] - The net profit attributable to shareholders was -¥16,733,557.84, representing an increase in loss of 22.62% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,754,770.46, an increase in loss of 18.69% compared to the previous year[4] - Total operating revenue for the current period was ¥403,092,933.13, a decrease of 12.2% from ¥459,308,016.69 in the previous period[23] - Net loss for the current period was ¥97,642,053.37, compared to a net loss of ¥86,207,348.80 in the previous period, reflecting a deterioration in performance[24] - The total comprehensive loss for the current period was ¥97,929,834.61, compared to a loss of ¥86,338,859.33 in the previous period[24] - Basic and diluted earnings per share were both -¥0.087, compared to -¥0.0762 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,202,644,379.41, a decrease of 6.85% from the end of the previous year[4] - The total liabilities decreased from RMB 2,556,104,195.10 to RMB 2,419,911,313.80, reflecting a reduction of about 5.3%[21] - The total equity attributable to shareholders of the parent company decreased to ¥842,645,251.41 from ¥937,259,590.56[22] - The total cash and cash equivalents at the end of the period decreased to $33,070,829.35 from $46,910,710.15[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,587[15] - The largest shareholder, Suzhou Ruichang Investment Management Co., Ltd., held 18.77% of the shares, with 84,083,581 shares pledged[15] Cash Flow - Cash flow from operating activities for the year-to-date was ¥25,037,846.65, an increase of 10.52%[4] - Cash received from sales of goods and services was ¥416,677,075.31, a decrease of 9.4% from ¥459,890,964.37 in the previous period[26] - Net cash flow from operating activities was $25,037,846.65, an increase of 10.3% compared to $22,654,168.74 in the previous period[27] - Cash inflow from investment activities totaled $61,025,902.29, significantly up from $3,899,165.71 in the prior period[27] - Cash outflow from operating activities amounted to $408,970,364.27, down from $453,088,859.48[27] Financial Adjustments and Legal Matters - The company adjusted the share repurchase price limit from RMB 2.6 per share to RMB 3.5 per share and extended the implementation period by 9 months, now set to end on April 24, 2026[17] - The company is actively responding to a lawsuit involving an advertising contract dispute, with a claim of RMB 3,670,900, but it is not expected to have a significant impact on operations[18] - The company has received a court summons related to a lawsuit but is confident in its defense and does not anticipate major operational disruptions[18] Other Financial Metrics - The company's basic earnings per share for Q3 2025 was -¥0.0154, a decrease of 22.61% year-on-year[4] - The company reported a significant increase in financial expenses, which rose to ¥33,723,765.28 from ¥5,160,264.15 in the previous period[23] - The company experienced a credit impairment loss of ¥8,309,280.97, an improvement from a loss of ¥31,851,198.26 in the previous period[23] - The company received $291,400,000.00 in borrowings, a decrease from $346,665,189.67 in the previous period[27] - The third quarter financial report was not audited[28]

深圳市兆新能源股份有限公司 2025 年第三季度报告 深圳市兆新能源股份有限公司 2025 年第三季度报告 2025 年 10 月 1 深圳市兆新能源股份有限公司 2025 年第三季度报告 证券代码：002256 证券简称：兆新股份 公告编号：2025-059 深圳市兆新能源股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 2 深圳市兆新能源股份有限公司 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 | 年初至报告期末比上 | | --- | --- | --- ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,211,201,019.53, representing a 5.65% increase year-over-year, while the year-to-date revenue decreased by 10.04% to ¥3,183,522,573.40[4] - Net profit attributable to shareholders for Q3 2025 was ¥2,391,982.73, a significant decrease of 65.90%, but year-to-date net profit increased by 80.75% to ¥7,996,112.72[4] - The company's basic and diluted earnings per share for Q3 2025 were both ¥0.0027, down 65.38% year-over-year, while year-to-date earnings per share increased by 81.63% to ¥0.0089[4] - The total profit for the year-to-date period was ¥145,705,861.46, an increase of 118.80% compared to the previous year, driven by revenue growth in the cable segment[8] - Net profit for the current period is CNY 106,362,771.52, an increase of 126.56% compared to CNY 46,997,182.03 in the previous period[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥351,237,343.80, reflecting a decline of 341.42% compared to the previous year[4][9] - The net cash flow from investing activities was -138,241,134.59 in the current period, compared to -463,511,997.18 in the previous period, indicating an improvement[18] - The net cash flow from financing activities increased to 601,934,910.36, up from 529,556,160.52 in the previous period, reflecting stronger financing operations[18] - Cash inflows from financing activities totaled 1,853,255,860.12, compared to 2,134,964,829.40 in the previous period, showing a decline in new borrowings[18] - Cash outflows for debt repayment were 1,129,145,822.18, down from 1,485,191,214.90 in the previous period, indicating reduced debt servicing[18] Assets and Liabilities - Total assets at the end of Q3 2025 reached ¥7,306,765,968.22, marking a 13.09% increase from the end of the previous year[4] - The company reported a significant increase in other current assets by 142.73% to ¥597,393,967.94, primarily due to increased project progress payments[8] - Long-term borrowings increased by 33.02% to ¥1,549,020,410.46, attributed to adjustments in the loan structure and new long-term loans taken during the period[8] - Total current liabilities increased to ¥3,525,432,226.75 from ¥3,134,666,695.47, a rise of about 12.5%[13] - Total liabilities increased to CNY 5,189,281,022.36 from CNY 4,403,133,962.19, representing a growth of 17.83%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 97,364[10] - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds 36.18% of the shares, totaling 325,721,489 shares[10] Current Assets - The company's total current assets increased to ¥4,975,013,004.53 from ¥4,175,992,193.09, representing a growth of approximately 19.1%[12] - Cash and cash equivalents rose to ¥617,947,637.62 from ¥506,711,099.23, an increase of about 22.0%[12] - Accounts receivable increased to ¥2,107,201,255.50 from ¥1,912,614,951.99, reflecting a growth of approximately 10.2%[12] - Inventory increased to ¥1,304,019,114.33 from ¥1,071,661,833.75, marking a rise of about 21.7%[12] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[20] - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[19]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥315,174,307.88, representing a 14.79% increase year-over-year[5] - Net profit attributable to shareholders was ¥50,530,383.99, up 23.90% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,373,908.04, an increase of 38.15% year-over-year[5] - The company's basic earnings per share for the period was ¥0.1005, a 20.94% increase compared to the same period last year[5] - The company reported total operating revenue of ¥940,601,669.56 for the current period, an increase of 20.92% compared to ¥777,326,655.50 in the previous period[35] - The net profit for the current period is CNY 150,305,849.53, an increase of 11.4% compared to CNY 134,528,372.96 in the previous period[36] - The total profit for the current period is CNY 185,481,143.05, up from CNY 176,258,957.74, reflecting a growth of 7.0%[36] - Basic earnings per share increased to CNY 0.3402 from CNY 0.2806, representing a rise of 21.3%[37] - The total comprehensive income attributable to the parent company is CNY 169,936,444.05, compared to CNY 138,781,914.63, an increase of 22.5%[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,351,316,871.83, reflecting a 9.60% increase from the end of the previous year[5] - The company's total assets reached ¥4,351,316,871.83, compared to ¥3,970,281,336.21 at the beginning of the period, marking an increase of 9.57%[32] - Non-current assets totaled ¥3,006,850,749.00, an increase from ¥2,737,358,338.02, reflecting a growth of 9.83%[32] - Cash and cash equivalents decreased to ¥239,571,890.16 from ¥380,848,368.48, reflecting a decline of 37.06%[31] - The company's retained earnings rose to ¥1,083,003,204.78, up from ¥937,198,743.68, indicating a growth of 15.57%[33] - Accounts receivable increased to ¥522,881,051.42, up 41.16% from ¥370,485,127.99 at the beginning of the period[31] - Inventory rose to ¥441,543,398.90, representing a 28.48% increase from ¥343,884,908.07[31] - Short-term borrowings increased significantly to ¥581,812,936.82, up 56.23% from ¥372,157,363.65[32] - Short-term borrowings increased by 56.34% compared to the beginning of the year, primarily due to increased working capital needs from higher orders[12] - Contract liabilities surged by 625.89% compared to the beginning of the year, mainly due to increased advance payments received from customers[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,898, with the largest shareholder holding 19.59% of the shares[23] - The company has a total of 99,859,659 shares held by Wanze Group Limited, representing a significant portion of the total share capital[24] - The top 10 unrestricted shareholders include National Social Security Fund with 20,003,156 shares and Wanze Group - Hongta Securities with 17,920,000 shares[24] - The company repurchased 27,196,157 shares, accounting for 5.33% of the total share capital[24] - A total of 168 incentive objects had their 1,665,000 shares of restricted stock released from restrictions on September 5, 2025[27] - The company has not identified any related party relationships among the top shareholders[24] Equity Incentive Plan - The 2025 equity incentive plan includes the grant of 6,000,000 shares of restricted stock at a price of 7.35 RMB per share[28] - The first grant of the 2025 equity incentive plan involves 572,250 shares, with 217 individuals as incentive objects[28] - The company plans to repurchase and cancel 564,800 shares of restricted stock from 47 former employees who did not meet the release conditions[26] - The company’s stock incentive plan was approved in the 2025 third extraordinary general meeting[27] - The company disclosed the audit opinions and public notice regarding the 2025 equity incentive plan on July 8, 2025[28] - The company granted 571,350 restricted shares to 208 incentive recipients at a price of ¥7.35 per share as part of its 2025 equity incentive plan[29] Cash Flow - Cash flow from operating activities generated a net amount of CNY 16,637,887.10, down from CNY 51,107,891.87, indicating a decrease of 67.5%[37] - Cash flow from investing activities resulted in a net outflow of CNY 387,069,998.38, slightly improved from a net outflow of CNY 408,664,417.55 in the previous period[38] - Cash flow from financing activities generated a net inflow of CNY 202,274,702.50, down from CNY 289,621,583.34, a decrease of 30.1%[38] - The company’s cash and cash equivalents at the end of the period amounted to CNY 212,779,656.08, compared to CNY 190,258,871.05 at the end of the previous period, an increase of 11.8%[38] Operating Costs - The company's operating costs increased by 38.09% year-over-year, driven by significant revenue growth in the high-temperature alloy business[17] - Total operating costs amounted to ¥756,387,110.22, up 20.11% from ¥629,548,216.13 in the prior period[35] - The company reported interest expenses of CNY 28,069,769.36, up from CNY 26,169,076.43, reflecting an increase of 7.3%[36] - The weighted average return on equity rose to 3.30%, an increase of 0.42 percentage points from the previous year[5]