Financial Performance - The company's operating revenue for the third quarter was approximately CNY 2.27 billion, a decrease of 9.98% compared to the same period last year[6] - The total profit for the quarter was CNY 78.06 million, representing a year-on-year increase of 7.16%[6] - The net profit attributable to shareholders was CNY 41.22 million, up 25.14% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 15.76 million, a decrease of 42.60% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2025 reached ¥7,028,463,843.02, an increase of 10% compared to ¥6,390,922,677.51 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥148,879,791.05, representing a 9.5% increase from ¥136,162,989.88 in 2024[19] - The total profit for the first three quarters of 2025 was ¥198,543,331.09, up from ¥189,395,721.06 in 2024, showing a growth of approximately 6%[19] Earnings and Shareholder Returns - The basic earnings per share for the quarter was CNY 0.0123, an increase of 25.51% year-on-year[6] - Earnings per share (EPS) for the first three quarters of 2025 was ¥0.0253, compared to ¥0.0208 in the same period of 2024, marking an increase of 21.6%[19] - The weighted average return on equity for the quarter was 0.82%, an increase of 0.16 percentage points compared to the same period last year[6] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 534.09 million, an increase of 34.41% compared to the previous year[9] - Cash flow from operating activities generated a net amount of ¥534,089,845.27, an increase from ¥397,355,365.52 in the previous year[21] - The net increase in cash and cash equivalents for the first three quarters of 2025 was 935,035,613.63, contrasting with a decrease of -24,733,667.89 in 2024[22] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2025 was 2,081,196,597.87, up from 1,372,950,823.87 in 2024, indicating a year-over-year increase of approximately 51.5%[22] Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 32.39 billion, an increase of 4.56% from the previous year[7] - As of September 30, 2025, the total assets of the company amounted to CNY 32,387,527,691.92, an increase from CNY 30,976,159,596.78 as of December 31, 2024, representing a growth of approximately 4.5%[16] - The company's total liabilities were CNY 26,573,978,348.54 as of September 30, 2025, compared to CNY 25,332,895,680.81 at the end of 2024, marking an increase of about 4.9%[16] - The company's equity attributable to shareholders was CNY 5,093,873,052.85 as of September 30, 2025, compared to CNY 4,987,641,213.54 at the end of 2024, showing an increase of approximately 2.1%[16] Investments and Expenses - Research and development expenses rose to ¥357,347,994.68, up from ¥282,646,816.14, indicating a focus on innovation and product development[18] - Investment income improved to ¥8,286,870.12, compared to a loss of ¥1,795,207.59 in the same period last year[18] - The company reported a decrease in financial expenses to ¥337,237,116.47 from ¥384,171,710.98, reflecting better cost management[18] Inventory and Receivables - The company's inventory reached CNY 9,441,748,042.61 as of September 30, 2025, up from CNY 8,718,443,779.85 at the end of 2024, reflecting a growth of approximately 8.3%[14] - The accounts receivable stood at CNY 7,297,857,401.25 as of September 30, 2025, compared to CNY 7,107,549,887.27 at the end of 2024, indicating a slight increase of approximately 2.7%[14]

Financial Performance - The company's operating revenue for the third quarter was ¥184,541,742.16, a decrease of 3.87% compared to the same period last year[5] - Total profit for the quarter reached ¥60,899,443.80, reflecting a year-on-year increase of 9.80%[5] - Net profit attributable to shareholders was ¥46,060,234.94, up 4.94% from the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥44,335,718.81, an increase of 2.63% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥557,997,294.97, an increase of 2.69% compared to ¥543,536,222.21 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥112,401,027.50, representing a 19.71% increase from ¥93,827,499.85 in the previous year[20] - The basic earnings per share for the first three quarters of 2025 was ¥0.27, compared to ¥0.25 in the same period of 2024, indicating an 8% increase[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,597,600,188.96, a decrease of 0.30% from the end of the previous year[6] - Total liabilities decreased to ¥922,204,873.53 from ¥1,058,185,969.99[16] - The total equity attributable to shareholders increased to ¥2,541,100,778.80 from ¥2,408,382,140.66[16] - The non-current assets total is ¥2,220,773,212.51, an increase from ¥2,146,370,449.28[15] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥998,412.68[5] - Cash flow from operating activities for the first three quarters of 2025 showed a net outflow of ¥998,412.68, a decline from a net inflow of ¥5,425,167.64 in 2024[22] - Cash received from operating activities totaled ¥474,895,580.59, down 12.6% from ¥543,083,880.37 in the previous year[22] - The company reported a significant improvement in investment income from joint ventures, with a profit of ¥244,805.74 compared to a loss of ¥4,227,700.54 in the previous year[19] Shareholder Information - The largest shareholder, Wenzhou Oriental Group Co., Ltd., holds 202,807,800 shares, representing 48.15% of the total shares[12] - The company has not identified any related party transactions among the top ten shareholders[12] Investment Activities - Cash inflow from investment activities totaled ¥137,224,894.27, significantly higher than ¥31,803,744.81 in 2024, indicating a substantial increase[22] - The net cash outflow from investing activities was $82,281,353.09, compared to a net outflow of $216,130,053.72 in the previous period, indicating an improvement[23] - The total cash outflow from investment activities was $219,506,247.36, compared to $247,933,798.53 in the previous period, indicating a reduction in investment spending[23] Dividends and Financing - Cash paid for dividends and interest was $53,658,698.09, down from $93,384,106.29, suggesting a decrease in shareholder returns[23] - Total cash inflow from financing activities was $10,100,000.00, down from $54,704,000.00 year-over-year[23] - The net cash outflow from financing activities was $132,028,384.60, compared to a net outflow of $113,194,868.43 in the previous period, reflecting increased cash outflows[23] Accounting Standards - The company will not apply new accounting standards starting from 2025, as stated in the announcement[24]

Revenue and Profit - The company's operating revenue for Q3 2025 reached ¥253,787,720.34, representing a year-on-year increase of 34.47%[3] - Year-to-date revenue until the report period amounted to ¥704,750,026.54, reflecting a 54.30% increase compared to the same period last year[3] - The total profit for the period was a loss of ¥94,569,209.11, with a year-to-date loss of ¥316,868,839.63[3] - The net profit attributable to shareholders for Q3 was a loss of ¥75,177,210.96, and the year-to-date loss was ¥254,393,496.16[3] - Total operating revenue for the first three quarters of 2025 reached ¥704,750,026.54, a significant increase of 54.3% compared to ¥456,727,522.48 in the same period of 2024[20] - The net loss for the first three quarters of 2025 was ¥254,443,147.50, an improvement from a net loss of ¥513,294,666.77 in the same period of 2024[22] - The net profit for the first three quarters of 2025 was a loss of ¥251.81 million, an improvement from a loss of ¥509.87 million in the first three quarters of 2024, indicating a reduction in losses by 50.7%[32] - The total profit (loss) for the first three quarters of 2025 was a loss of ¥315.16 million, an improvement from a loss of ¥562.49 million in 2024, showing a reduction in overall losses by 44.0%[32] Research and Development - Research and development expenses totaled ¥58,829,661.61 for the quarter, accounting for 23.18% of operating revenue, a decrease of 9.91 percentage points year-on-year[4] - Research and development expenses increased to ¥174,805,010.58 in the first three quarters of 2025, compared to ¥156,961,254.38 in the previous year, reflecting a focus on innovation[21] - Research and development expenses increased to ¥166.42 million in 2025, up 9.9% from ¥152.52 million in 2024, reflecting the company's commitment to innovation[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,637,616,280.19, down 5.92% from the end of the previous year[4] - The company's total assets decreased to ¥4,637,616,280.19 from ¥4,929,616,758.84 year-over-year, indicating a reduction in asset base[17] - Total liabilities decreased to ¥3,189,644,865.51 from ¥3,246,050,681.41, showing a slight improvement in the company's leverage[17] - Total liabilities as of September 30, 2025, were CNY 3,168,611,035.64, a decrease from CNY 3,220,852,409.34 as of December 31, 2024[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,720[12] - The largest shareholder, Nanjing Shichuang Venture Capital Co., Ltd., holds 142,941,654 shares, representing 35.74% of total shares[12] - The second-largest shareholder, Nanjing Sicheng Venture Capital Partnership, holds 137,231,879 shares, accounting for 34.31%[12] - The company has no significant changes in the top 10 shareholders or their shareholding due to securities lending activities[13] - The total number of shares held by the top 10 unrestricted shareholders includes 32,440,032 shares held by Zhang Fan[13] Cash Flow - The company reported a negative cash flow from operating activities of ¥30,648,991.25 for the quarter[3] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 567,013,104.06, an increase of 14.2% compared to CNY 496,526,853.02 in the same period of 2024[25] - Net cash flow from operating activities for the first three quarters of 2025 was -CNY 94,226,594.34, an improvement from -CNY 334,061,130.64 in the first three quarters of 2024[25] - Cash inflow from investment activities for the first three quarters of 2025 was CNY 1,373,480,111.35, a decrease of 22.7% compared to CNY 1,776,518,112.75 in the same period of 2024[25] - Net cash flow from investment activities for the first three quarters of 2025 was -CNY 39,182,909.52, compared to -CNY 180,811,633.20 in the first three quarters of 2024[25] - Cash inflow from financing activities for the first three quarters of 2025 was CNY 333,932,327.77, an increase from CNY 218,326,466.13 in the same period of 2024[26] - Net cash flow from financing activities for the first three quarters of 2025 was -CNY 24,328,834.14, a decrease from CNY 155,092,887.16 in the first three quarters of 2024[26] Financial Performance - The weighted average return on equity was -5.10% for the quarter, compared to -16.27% for the year-to-date[4] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.64, an improvement from -¥1.29 in the same period of 2024[22] - The company reported a significant increase in financial expenses, totaling ¥53,320,515.15 in 2025, compared to a negative financial expense of -¥4,689,722.07 in 2024[21] - The company incurred financial expenses of ¥52.71 million in 2025, a significant increase from a financial income of ¥4.28 million in 2024, primarily due to increased interest expenses[31] Cash and Equivalents - The company's cash and cash equivalents as of September 30, 2025, amount to ¥310,905,185.13, down from ¥504,492,493.70 as of December 31, 2024[15] - The total current assets decreased to ¥1,506,590,818.63 from ¥1,637,101,477.37[15] - The company's total cash and cash equivalents at the end of the third quarter of 2025 stood at ¥202.19 million, compared to ¥167.07 million at the end of the same period in 2024, indicating a year-over-year increase[34]

Financial Performance - Total revenue for Q3 2025 reached ¥149,794,881.47, representing a 7.73% increase year-over-year[5] - Net profit for the same period was ¥30,006,280.93, showing a significant growth of 36.46% compared to the previous year[5] - The total revenue for the period was ¥409,555,615.07, up from ¥382,119,280.38, marking an increase of about 7.5%[22] - Net profit for the period was ¥81,118,224.36, compared to ¥80,146,907.33 in the previous period, indicating a growth of about 1.21%[23] - The company's earnings per share rose from 0.56 to 0.57, reflecting a growth of approximately 1.79%[23] Assets and Liabilities - The company's total assets increased to ¥1,585,182,982.85, up by 1.96% from the previous year[5] - The company reported a total of 206,262,721.58 yuan in current assets as of September 30, 2025[19] - The total liabilities amount to 128,998,240.24 yuan as of the same date[19] - Total liabilities decreased from ¥408,634,192.01 to ¥376,512,515.86, representing a reduction of approximately 7.85%[20] - The total current liabilities decreased from ¥395,181,042.18 to ¥364,471,689.58, a decline of approximately 7.74%[20] - The total non-current liabilities decreased from ¥13,453,149.83 to ¥12,040,826.28, reflecting a decrease of about 10.51%[20] - The company's capital reserve increased from ¥690,439,955.33 to ¥698,418,553.40, showing an increase of approximately 1.42%[20] - The company has 44,647,851.27 yuan in intangible assets[19] Cash Flow - The cash flow from investment activities showed a net outflow of ¥9,952,170.39, a decrease of 90.86% year-over-year, primarily due to investment recoveries[13] - Operating cash inflow from sales of goods and services reached ¥522,600,162.11, an increase from ¥400,832,949.98 in the previous period, reflecting a growth of approximately 30.4%[24] - Net cash flow from operating activities was ¥65,008,558.71, slightly down from ¥65,123,921.80, indicating a marginal decrease of 0.2%[24] - Cash inflow from investment activities totaled ¥246,301,223.50, compared to ¥153,268,487.84, representing a significant increase of 60.8%[24] - Cash outflow from financing activities amounted to ¥418,609,375.46, up from ¥146,842,103.60, showing a rise of 184.5%[26] - The net cash flow from financing activities was -¥83,428,415.70, worsening from -¥20,725,491.01, indicating a decline in financing efficiency[26] - The ending balance of cash and cash equivalents was ¥92,509,621.98, down from ¥303,179,810.76, a decrease of 69.5%[26] - Cash received from borrowings was ¥335,180,959.76, significantly higher than ¥108,219,262.59, marking an increase of 209.5%[26] - Cash paid for debt repayment was ¥389,128,646.61, compared to ¥79,367,634.91, reflecting an increase of 389.5%[26] Shareholder Information - The total number of common shareholders is 9,526, with no preferred shareholders having restored voting rights[14] - Zhejiang Chengwei Equity Investment Co., Ltd. holds 32.09% of shares, amounting to 45,758,500 shares[14] - The second-largest shareholder, Zhou Bingsong, owns 26.14% with 37,280,000 shares[14] - The company has a repurchase account holding 750,600 shares, representing 0.53% of the total share capital[16] - The top ten shareholders do not participate in the securities lending business[17] - The company has not disclosed any significant changes in shareholder structure compared to the previous period[17] Other Information - The company has initiated the construction of a new plant, reflected in the construction in progress amounting to ¥17,558,373.83[11] - The company's tax payable rose by 80.97% to ¥13,792,638.68, driven by increased operating revenue[11] - The company reported a 51.14% increase in investment income, totaling ¥15,068,717.53, attributed to the maturity of financial products[12] - Financial expenses decreased significantly by 102.65%, resulting in a net expense of ¥196,204.11, mainly due to reduced interest income[12] - The company has no non-recurring gains or losses to report for this period[8] - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[27] - The company has not adopted the new accounting standards for the current year, which may impact future financial reporting[26]

Financial Performance - The company's operating revenue for the third quarter was ¥89,672,759.40, a decrease of 56.01% compared to the same period last year[5]. - The total profit for the third quarter reached ¥37,827,707.11, an increase of 168.99% year-on-year, primarily due to changes in the fair value of held stocks[5][9]. - Net profit attributable to shareholders was ¥28,375,973.55, reflecting a year-on-year increase of 164.65%[5][9]. - The basic earnings per share for the third quarter was ¥0.126, up 162.50% compared to the previous year[5][9]. - Total operating revenue for the first three quarters of 2025 was CNY 378,585,123.47, a decrease of 46% compared to CNY 701,432,271.47 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 reached CNY 46,011,611.18, a significant recovery from a net loss of CNY 8,012,521.42 in the same period of 2024[21]. - The company reported a comprehensive income total of CNY 59,400,752.96 for the first three quarters of 2025, compared to CNY 10,158,456.71 in 2024[22]. - Earnings per share for the first three quarters of 2025 were CNY 0.21, recovering from a loss of CNY 0.04 per share in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥978,677,240.39, representing a 7.95% increase from the end of the previous year[6]. - The equity attributable to shareholders increased by 7.14% to ¥890,788,079.75 compared to the end of the previous year[6]. - Total liabilities increased to CNY 87,889,160.64 in 2025 from CNY 75,241,473.61 in 2024, reflecting a growth of about 17%[18]. - Total equity attributable to shareholders rose to CNY 890,788,079.75 in 2025, compared to CNY 831,387,326.79 in 2024, marking an increase of approximately 7%[18]. Cash Flow - The net cash flow from operating activities for the third quarter was ¥6,466,075.40, a decrease of 40.29% year-on-year[5][9]. - Operating cash inflow totaled $594.2 million, a decrease from $973.4 million in the previous period[26]. - Cash outflow from operating activities was $605.5 million, compared to $952.2 million last year[26]. - Net cash flow from operating activities was negative at -$11.3 million, down from a positive $21.2 million previously[26]. - The net increase in cash and cash equivalents was -$5.6 million, contrasting with a positive increase of $5.8 million previously[27]. - The ending balance of cash and cash equivalents was $395.2 million, down from $454.3 million at the end of the last period[27]. Shareholder Information - The company’s major shareholder, Tibet Zetian Investment Development Co., Ltd., holds 35,405,252 shares, representing 15.78% of the total shares, which are currently frozen[12]. - The second-largest shareholder, Zhang Jiangbo, owns 22,627,869 shares, accounting for 10.09% of the total shares, with 12,313,950 shares pledged[12]. - The company is facing potential judicial auctions of shares held by major shareholders, with 35,405,252 shares and 18,884,000 shares scheduled for auction on November 22, 2025, and October 20, 2025, respectively[14]. - The company has not reported any changes in the top 10 shareholders or their shareholding status due to transfer or lending activities[13]. Inventory and Current Assets - The company’s inventory increased to RMB 39,577,613.69 from RMB 21,673,769.35, indicating a significant rise of approximately 82.5%[16]. - The company’s total current assets reached RMB 546,700,214.70, compared to RMB 476,948,062.29 in the previous period, marking an increase of about 14.6%[16]. - The company’s non-current assets totaled RMB 431,977,025.69, a slight increase from RMB 429,680,738.11, showing a growth of approximately 0.5%[16]. - The company’s other receivables increased slightly to RMB 2,690,442.12 from RMB 2,678,908.48, indicating a marginal growth[16]. Financial Expenses and Tax Liabilities - The company’s financial expenses improved, showing a reduction from CNY -3,401,183.68 in 2024 to CNY -1,916,926.41 in 2025[21]. - Deferred income tax liabilities increased to CNY 32,459,640.83 in 2025 from CNY 27,911,392.14 in 2024, representing an increase of about 16%[18]. Accounting Standards - The company will not apply new accounting standards starting from 2025[28].

Financial Performance - The company's operating revenue for the third quarter reached CNY 337,992,609.38, an increase of 13.20% compared to the same period last year[3] - Total profit for the third quarter was CNY 22,628,575.00, reflecting a significant increase of 40.72% year-on-year[3] - Net profit attributable to shareholders for the third quarter was CNY 1,205,064.48, up 62.62% compared to the same period last year[3] - Basic earnings per share for the third quarter was CNY 0.0017, representing a 70.00% increase year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,022,017,067.46, an increase of 13.7% compared to ¥899,047,565.69 in the same period of 2024[31] - Net profit for the first three quarters of 2025 was ¥52,793,856.05, compared to ¥46,248,751.60 in the previous year, representing an increase of 14.0%[33] - The company reported a total profit of ¥95,477,246.28 for the first three quarters of 2025, compared to ¥72,365,041.37 in the same period of 2024, marking a growth of 32.0%[32] - Earnings per share (EPS) for the first three quarters of 2025 was ¥0.0345, up from ¥0.0299 in the same period of 2024, indicating a growth of 15.4%[33] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 300,248,566.48, an increase of 66.16% compared to the previous year[3] - Operating cash flow for the first nine months of 2025 was CNY 300,248,566.48, an increase of 66.5% compared to CNY 180,700,533.49 in the same period of 2024[37] - Total cash inflow from investment activities was CNY 1,731,774,395.57, significantly higher than CNY 753,340,046.10 in the previous year[38] - Net cash flow from investment activities was -CNY 620,077,812.62, worsening from -CNY 241,608,901.34 year-over-year[38] - Cash and cash equivalents at the end of September 2025 stood at CNY 471,564,046.02, down from CNY 350,827,427.97 at the end of September 2024[38] - The company raised 1,099,000,000.00 RMB through financing activities in the first three quarters of 2025, compared to 340,200,000.00 RMB in the same period of 2024, reflecting an increase of approximately 223.5%[48] - The net cash flow from financing activities for the first three quarters of 2025 was -34,793,808.21 RMB, an improvement from -70,861,194.63 RMB in the same period of 2024[48] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,035[11] - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., holds 30.24% of the shares, totaling 216,254,080 shares[11] - The direct controlling shareholder, China Jilin Forest Industry Group, holds 30.24% of the company's shares, while its concerted action partner, Qianyang Forestry Company, holds 0.69%, totaling 30.93%[12] - As of the end of the reporting period, 52,000,000 shares held by the controlling shareholder are pledged, accounting for 24.05% of their total shares and 7.27% of the company's total share capital[13] - Shareholder Zhao Zhihua released a pledge on 4,500,000 shares, which is 10.65% of his total shares and 0.63% of the company's total share capital; remaining pledged shares amount to 27,220,000, or 64.43% of his total shares and 3.81% of the company's total share capital[14] - Jilin Province Jisheng Asset Management Company has pledged 2,406,333 shares, which is 0.34% of the company's total share capital, and has 1,207,434 shares frozen, accounting for 0.17%[14] Governance and Management - The company has revised its articles of association and internal control systems, eliminating the supervisory board and transferring its powers to the audit committee of the board of directors[15] - The company appointed a new board of directors and management team, with Cheng Yu elected as chairman and Wang Huaibo as general manager[17][18] - The company has updated its governance structure to enhance operational efficiency and compliance with regulatory requirements[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 4,376,412,991.81, a slight increase of 0.44% from the end of the previous year[4] - The company's total assets amounted to CNY 2,789,501,643.44, slightly down from CNY 2,807,245,955.37 at the end of 2024[41] - Total liabilities amounted to ¥2,909,419,737.13, slightly down from ¥2,938,169,561.19[28] - The company's total liabilities decreased from 2,773.43 million RMB to 2,311.40 million RMB as of September 30, 2025[27] - The company's long-term equity investments increased slightly from 45.02 million RMB to 46.22 million RMB[27] Legal Matters - The company and its subsidiaries have faced a total of 57 lawsuits and arbitrations in the past 12 months, with a total amount involved of approximately 123.09 million RMB, accounting for 10.16% of the latest audited net assets[25]

Financial Performance - The company's operating revenue for the third quarter reached ¥482,434,143.61, representing a year-on-year increase of 46.18%[3] - Total profit for the quarter was ¥142,976,213.33, reflecting a significant increase of 70.81% compared to the same period last year[3] - Net profit attributable to shareholders was ¥135,984,923.22, up 64.43% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥111,320,274.88, which is a substantial increase of 121.53% compared to the previous year[3] - Basic earnings per share for the quarter were ¥0.68, an increase of 63.90% year-on-year[4] - Operating profit for the first three quarters of 2025 was ¥506,397,403.73, compared to ¥416,117,101.45 in 2024, marking a growth of 21.7%[19] - Net profit for the first three quarters of 2025 was ¥456,733,352.35, an increase of 20.7% from ¥378,558,987.37 in the previous year[19] - Basic earnings per share (EPS) increased to 2.35 CNY from 1.95 CNY year-over-year, representing a growth of approximately 20.51%[21] - Diluted EPS rose to 2.31 CNY from 1.91 CNY, reflecting an increase of about 20.95%[21] Cash Flow - The net cash flow from operating activities was ¥281,011,838.27, showing a remarkable increase of 2,110.80% compared to the same period last year[3] - Operating cash flow for the first three quarters of 2025 reached 2,949,653,370.22 CNY, up from 1,630,736,658.59 CNY in the same period of 2024, marking a growth of approximately 80.83%[23] - Net cash flow from operating activities was 1,098,744,614.76 CNY, compared to 198,474,543.58 CNY in the previous year, indicating a significant increase of about 438.36%[23] - Cash inflow from investment activities totaled 149,986,725.96 CNY, a substantial increase from 4,137,674.00 CNY year-over-year[24] - Net cash flow from investment activities was -913,615,429.87 CNY, an improvement from -1,061,774,088.05 CNY in the previous year[24] - Cash inflow from financing activities amounted to 1,485,822,814.96 CNY, compared to 1,292,976,070.45 CNY in the same period last year, reflecting an increase of approximately 14.92%[24] - Net cash flow from financing activities was 1,139,296,582.66 CNY, up from 592,383,817.10 CNY, indicating a growth of about 92.36%[24] - The ending cash and cash equivalents balance reached 3,400,289,425.75 CNY, significantly higher than 1,433,081,057.05 CNY at the end of the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥11,328,755,969.44, representing a growth of 24.72% from the end of the previous year[4] - The company's total assets increased to ¥11,328,755,969.44, up from ¥9,083,006,463.92, representing a growth of 24.7%[16] - Total liabilities rose to ¥5,257,694,314.52, compared to ¥4,436,602,437.53, indicating an increase of 18.5%[16] - Shareholders' equity increased to ¥6,071,061,654.92 from ¥4,646,404,026.39, reflecting a growth of 30.6%[16] - The equity attributable to shareholders reached ¥6,076,819,900.38, marking a 31.00% increase from the end of the previous year[4] Research and Development - The company's R&D investment totaled ¥73,693,580.02, which is a decrease of 22.06% year-on-year, accounting for 15.28% of operating revenue[4] - Research and development expenses for the first three quarters of 2025 were ¥227,930,143.48, down from ¥247,679,395.02, a decrease of 7.9%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,011[11] - The largest shareholder, Shanghai Yiyuan He Rui Investment Consulting Co., Ltd., holds 32,696,549 shares, accounting for 16.33% of total shares[12] - The total number of shares held by the top 10 unrestricted shareholders is 78,000,000 shares[12] - Hainan Heyi Investment Co., Ltd. holds 11,721,318 shares, representing 5.85% of total shares, with 2,100,000 shares pledged[11] - The company has no significant changes in the shareholding structure compared to the previous period[13] Inventory and Current Assets - Total current assets amount to RMB 5.22 billion, up from RMB 3.95 billion in the previous year[14] - The total inventory as of September 30, 2025, is approximately RMB 837.92 million, compared to RMB 798.28 million in the previous year[14] Other Information - The company reported cash and cash equivalents of approximately RMB 3.41 billion as of September 30, 2025, an increase from RMB 2.10 billion at the end of 2024[14] - The company has a long-term equity investment valued at RMB 98.34 million, an increase from RMB 72.31 million[14] - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[21] - The company has not disclosed any new product developments or market expansion strategies in the current reporting period[13]

Financial Performance - For the three months ended September 30, 2025, the operating revenue was RMB 719,157 million, an increase of 2.3% compared to RMB 702,721 million in the same period of 2024[4] - The net profit attributable to shareholders for the same period was RMB 42,287 million, a decrease of 3.9% from RMB 43,982 million in the previous year[4] - The basic earnings per share for the three months ended September 30, 2025, was RMB 0.23, down 3.9% from RMB 0.24 in the same period of 2024[4] - For the nine months ended September 30, 2025, the operating revenue was RMB 2,169,256 million, a decrease of 3.9% compared to RMB 2,257,694 million in the same period of 2024[4] - The net profit attributable to shareholders for the nine months ended September 30, 2025, was RMB 126,294 million, down 4.9% from RMB 132,788 million in the previous year[4] - The company achieved operating revenue of RMB 2,169.256 billion and a net profit attributable to shareholders of RMB 126.294 billion, a decline of 4.9% from RMB 132.788 billion year-on-year[15] - Net profit for the three months ended September 30, 2025, was RMB 46,448 million, a decrease of 4.7% compared to RMB 48,710 million for the same period in 2024[35] - Total revenue for the nine months ended September 30, 2025, was RMB 1,288,840 million, a decrease of 5.3% compared to RMB 1,361,891 million in the same period of 2024[39] - Net profit for the nine months ended September 30, 2025, was RMB 109,738 million, down 3.7% from RMB 113,799 million in 2024[39] Cash Flow and Investments - The net cash flow from operating activities for the nine months ended September 30, 2025, was RMB 343,100 million, an increase of 3.3% from RMB 332,159 million in the same period of 2024[4] - Cash and cash equivalents increased to RMB 107,498 million as of September 30, 2025, compared to RMB 25,199 million at the end of 2024, reflecting a substantial increase of 326.5%[30] - Cash inflow from operating activities for the nine months ended September 30, 2025, was RMB 2,380,592 million, down 2.2% from RMB 2,435,023 million in 2024[40] - The company reported a net increase in cash and cash equivalents of RMB 47,708 million for the nine months ended September 30, 2025, compared to a net decrease of RMB 43,583 million in 2024[40] - The company reported a net cash outflow from investing activities of RMB 186,599 million for the nine months ended September 30, 2025, compared to RMB 197,172 million in 2024, showing an improvement of about 5.4%[48] - The financing activities resulted in a net cash outflow of RMB 110,511 million for the nine months ended September 30, 2025, compared to RMB 177,619 million in 2024, indicating a decrease of approximately 37.8%[48] Production and Sales - Crude oil production reached 714.3 million barrels, a 0.8% increase from 708.3 million barrels in the same period last year[16] - The company’s natural gas production was 3,977.2 billion cubic feet, up 4.6% from 3,803.8 billion cubic feet year-on-year[16] - The company’s oil and gas equivalent production was 1,377.2 million barrels, an increase of 2.6% from 1,342.3 million barrels in the same period last year[16] - Total sales of gasoline, kerosene, and diesel reached 12,087.6 million tons, a 0.8% increase from 11,988.6 million tons in the previous year[23] - Natural gas sales amounted to 2,185.41 billion cubic meters, a 4.2% increase compared to 2,098.20 billion cubic meters in 2024[24] - The refining and chemical segment processed 1,040.6 million barrels of crude oil, up 0.4% from 1,036.2 million barrels in 2024[19] - Chemical product sales volume increased to 29.59 million tons, a 3.3% rise year-on-year, with synthetic fiber raw materials and polymers growing by 14.0%[19] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 2,849,723 million, reflecting a growth of 3.5% from RMB 2,752,751 million at the end of the previous year[4] - The company’s total liabilities increased to RMB 1,093,754 million from RMB 1,043,144 million in the previous year[28] - The total equity attributable to shareholders rose to RMB 1,379,801 million as of September 30, 2025, compared to RMB 1,353,887 million at the end of 2024, indicating a growth of approximately 1.9%[32] - The company's total equity as of September 30, 2025, was RMB 1,755,985 million, up from RMB 1,709,623 million at the end of 2024[46] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were RMB 14,375 million, an increase of 3.5% from RMB 13,887 million in 2024[37] - Research and development expenses for the nine months ended September 30, 2025, were RMB 11,650 million, an increase of 9.1% from RMB 10,679 million in 2024[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 503,862, with 498,807 domestic A-share shareholders and 5,055 overseas H-share shareholders[11] - The top ten shareholders hold a combined 82.46% of shares, with China National Petroleum Corporation holding 150,923,565,570 shares, representing 82.46%[11]

浙江天台祥和实业股份有限公司 2025 年第三季度报告 证券代码：603500 证券简称：祥和实业 浙江天台祥和实业股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 209,753,033.22 | 48.80 | 590,5 ...

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。 博纳影业集团股份有限公司 2025 年第三季度报告 证券代码：001330 证券简称：博纳影业 公告编号：2025-056 博纳影业集团股份有限公司 2025 年第三季度报告 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 博纳影业集团股份有限公司 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 单位：元 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比 上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 299,414,382.52 | -6.31% | 972,426,489. ...