Financial Performance - The company's operating revenue for Q3 2025 was CNY 149,329,540.80, representing a year-on-year increase of 6.52%[3] - The total profit for the period reached CNY 14,027,060.29, marking an 18.60% increase compared to the same period last year[3] - The net profit attributable to shareholders was CNY 12,375,315.45, which is a 12.22% increase year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥418,986,313.73, an increase of 6.4% compared to ¥392,360,183.71 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥33,519,872.65, slightly higher than ¥33,277,672.99 in 2024, reflecting a growth of 0.7%[20] - Operating profit for the first three quarters of 2025 was ¥36,587,022.11, compared to ¥34,752,441.93 in 2024, indicating an increase of 5.3%[19] - The company reported a basic earnings per share of ¥0.38 for the first three quarters of 2025, slightly down from ¥0.39 in 2024[20] Expenses and Costs - Research and development expenses totaled CNY 8,828,214.00, a decrease of 4.07% from the previous year, accounting for 5.91% of operating revenue[3] - Total operating costs for the first three quarters of 2025 were ¥381,435,666.04, up 8.1% from ¥353,003,081.62 in 2024[19] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 77,216,312.72, reflecting a decline of 18.42%[3] - Cash flow from operating activities for the first three quarters of 2025 was ¥77,216,312.72, down 18.4% from ¥94,652,103.13 in 2024[23] - Cash flow from investing activities showed a net outflow of ¥44,727,139.22 in 2025, an improvement from a net outflow of ¥127,174,701.80 in 2024[24] - Cash flow from financing activities resulted in a net outflow of ¥98,706,391.61 in 2025, compared to a smaller outflow of ¥21,866,123.63 in 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 951,815,496.89, down 5.21% from the end of the previous year[4] - The company's current assets totaled CNY 552,356,939.46, down from CNY 649,141,006.47, indicating a decrease of about 14.9%[15] - The total liabilities decreased to CNY 213,278,924.71 from CNY 286,204,916.99, representing a reduction of approximately 25.5%[16] - The company's equity attributable to shareholders increased to CNY 718,669,819.75 from CNY 698,561,287.05, showing a growth of about 2.0%[16] - Cash and cash equivalents were reported at CNY 272,228,582.72, down from CNY 365,241,946.68, a decline of approximately 25.5%[14] - Accounts receivable rose to CNY 89,751,139.98 from CNY 82,216,618.52, reflecting an increase of about 9.5%[14] - Inventory decreased slightly to CNY 160,938,789.49 from CNY 163,398,397.83, a reduction of approximately 1.5%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,720[10] - The largest shareholder, Liu Fulian, holds 21.74% of the shares, totaling 19,184,296 shares[10] - The company reported a total of 10 major shareholders, with the largest shareholder holding 19,184,296 shares, representing a significant portion of the total equity[12] - The company has not disclosed any significant changes in shareholder relationships or actions regarding margin trading and securities lending[12] Audit and Accounting - The financial statements for the period ending September 30, 2025, are unaudited, indicating that the figures may be subject to change upon final audit[18] - The company has not adopted new accounting standards or interpretations starting from 2025[25]

上海数据港股份有限公司 2025 年第三季度报告 证券代码：603881 证券简称：数据港 上海数据港股份有限公司 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、监事会及董事、监事、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 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 430,432,710.57 | 6.49 | 1,240 ...

Revenue and Profit - The company's revenue for Q3 2025 reached ¥215,929,213.58, representing a 94.03% increase year-over-year[6] - Net profit attributable to shareholders was ¥18,206,292.23, up 53.56% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥17,585,023.89, reflecting a 49.39% increase year-over-year[6] - Total operating revenue for Q3 2025 reached ¥531,821,962.67, a significant increase from ¥347,591,866.18 in the same period last year, representing a growth of approximately 53%[22] - Net profit for the period was ¥45,456,662.90, compared to ¥39,937,754.98 in the previous year, reflecting an increase of approximately 14%[23] - The total comprehensive income attributable to the parent company reached ¥45,456,662.90, an increase from ¥39,937,754.98 in the previous period, reflecting a growth of approximately 13%[24] Earnings Per Share - The company reported a basic earnings per share of ¥0.1821, which is a 53.54% increase from the same period last year[6] - Basic and diluted earnings per share improved to ¥0.4546, up from ¥0.3994, indicating a rise of about 14%[24] Assets and Equity - Total assets increased by 23.28% to ¥1,561,586,834.13 compared to the end of the previous year[6] - The company's total assets reached ¥1,561,586,834.13, up from ¥1,266,655,879.53, marking a growth of around 23.2%[21] - The company’s total equity attributable to shareholders increased by 4.02% to ¥916,845,195.48 compared to the end of the previous year[6] - The total equity attributable to shareholders rose to ¥916,845,195.48 from ¥881,390,287.05, indicating an increase of about 4%[21] Cash Flow - Cash flow from operating activities showed a net outflow of ¥81,913,209.07, a 43.09% decrease compared to the previous year[6] - Cash inflow from operating activities totaled ¥439,723,291.07, compared to ¥209,685,448.05 in the prior period, representing an increase of approximately 110%[24] - The net cash flow from operating activities was -¥81,913,209.07, an improvement from -¥143,943,415.42 in the previous period[25] - Cash inflow from financing activities was ¥344,642,553.81, significantly higher than ¥210,000,000.00 in the prior period, marking an increase of about 64%[25] - The net cash flow from financing activities was ¥172,410,627.52, compared to ¥148,375,555.57 in the previous period, showing an increase of approximately 16%[25] - The cash and cash equivalents at the end of the period amounted to ¥84,561,195.47, up from ¥31,666,375.97 in the previous period[25] - The company reported a net cash outflow from investing activities of -¥29,311,599.65, an improvement from -¥55,612,091.37 in the prior period[25] Inventory and Expenses - The company’s inventory increased by 98.25% to ¥211,082,514.57, primarily due to higher raw material and finished goods stock[11] - Research and development expenses rose by 46.27% to ¥19,853,245.50, attributed to an increase in R&D personnel and projects[13] - Total operating costs amounted to ¥483,421,392.93, up from ¥305,128,081.57, indicating a year-over-year increase of about 58.5%[22] - Research and development expenses for the quarter were ¥19,853,245.50, up from ¥13,573,428.86, indicating a year-over-year increase of approximately 46.2%[23] - The company reported a financial expense of ¥6,110,061.67, which is a substantial increase from ¥770,180.48, reflecting a rise of about 694%[23] Borrowings and Liabilities - The company’s short-term borrowings increased by 55.34% to ¥264,297,359.37, reflecting new bank loans taken during the reporting period[11] - Current liabilities increased to ¥561,134,774.67 from ¥290,009,763.07, which is an increase of approximately 93.3%[21] - Cash paid for debt repayment surged by 212.00% to ¥156,000,000.00, reflecting a higher volume of bank loan repayments[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,335, with the largest shareholder holding 57.28%[16] - The largest shareholder, Wang Zhirong, holds 57,281,250 shares, while the second-largest, Wang Zhichun, holds 13.22%[16] Other Information - The company has not yet audited the third-quarter financial report[26] - The financial report was issued by the board of directors on October 25, 2025[27]

Financial Performance - The company's revenue for the third quarter reached ¥7,578,743,155.53, representing an increase of 11.52% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 32.47% to ¥227,652,166.28, while the net profit excluding non-recurring items fell by 44.10% to ¥171,497,400.45[5]. - Total operating revenue for the current period reached RMB 25,759,782,744.55, an increase of 12.5% compared to RMB 22,855,931,683.88 in the previous period[33]. - Net profit for the current period was RMB 1,269,222,202.68, a decrease of 6.5% from RMB 1,357,663,882.57 in the previous period[35]. - The total comprehensive income for the current period was RMB 1,320,014,448.34, slightly up from RMB 1,303,487,548.19 in the previous period[36]. Cash Flow - The operating cash flow for the year-to-date period was ¥645,171,216.33, showing a decline of 40.13% compared to the previous year[5]. - Cash inflow from operating activities totaled RMB 25,086,038,050.41, compared to RMB 22,402,034,862.99 in the previous period, marking an increase of 12.0%[38]. - The net cash flow from operating activities was 645,171,216.33, a decrease of 40% compared to 1,077,577,255.77 from the previous period[39]. - Cash outflows from operating activities totaled 24,440,866,834.08, an increase of 14% from 21,324,457,607.22[39]. - The total cash and cash equivalents at the end of the period were 7,955,699,513.69, compared to 7,285,858,007.97 in the previous period[39]. Assets and Liabilities - Total assets increased by 5.73% to ¥50,651,277,628.05 compared to the end of the previous year[5]. - The total liabilities of the company reached ¥30.93 billion, compared to ¥28.79 billion previously, marking an increase of about 7.4%[32]. - The company's short-term borrowings increased to ¥7.41 billion from ¥5.39 billion, a rise of approximately 37.5%[31]. - The total equity attributable to shareholders increased to ¥18.32 billion from ¥17.57 billion, reflecting a growth of about 4.3%[32]. Shareholder Activities - The number of ordinary shareholders at the end of the reporting period was 100,825[10]. - The company issued 30 million convertible bonds with a total amount of RMB 3 billion, which began trading on April 20, 2023[13]. - The controlling shareholder, Liugong Group, has completed its share purchase plan, acquiring 22,903,280 shares for a total of RMB 250.28 million, reaching 100.11% of the planned minimum[17]. - The company has repurchased 35,910,510 shares, accounting for 1.77% of the total share capital, with a total expenditure of approximately RMB 399.9 million[15]. - The stock option incentive plan allows 915 participants to exercise 19.82 million options, representing 0.98% of the total share capital, with an exercise price of RMB 6.63 per option[14]. Legal Matters - The lawsuit involving Zhongheng and Liuzhou Jianghang Industrial Trade Co., Ltd. has a disputed amount of 41.3069 million yuan[20]. - The court has frozen 49% of the shares held by Hainan Wuzhishan Group Co., Ltd. in Hainan Yachuang Forestry Co., Ltd.[20]. - The company is actively pursuing asset recovery from other shareholders[22]. - The company has faced multiple unsuccessful collection attempts, leading to a lawsuit filed on April 11, 2013, for the outstanding amount of 54,058,879.1 CNY[24]. - The company is pursuing claims for a total of 15.72 million RMB against Xinjiang Juhua Company, with ongoing legal proceedings for accessory payments[26]. Research and Development - Research and development expenses rose to RMB 936,392,772.99, up 22.4% from RMB 764,857,861.59 in the prior period[33]. - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[28].

Financial Performance - The company's operating revenue for Q3 2025 was ¥211,752,813, a decrease of 21.85% compared to ¥270,965,606 in the same period last year[5] - Year-to-date revenue decreased by 24.82% to ¥628,318,401 from ¥835,772,082 in the previous year, primarily due to a decline in sales of water treatment agents and derivatives[8] - Total operating revenue decreased to ¥628.32 million from ¥835.77 million, a decline of approximately 25% year-over-year[25] - Total operating costs decreased to ¥647.08 million from ¥839.69 million, reflecting a reduction of about 23% year-over-year[25] - Net profit for the period was a loss of ¥35.16 million, compared to a loss of ¥52.72 million in the previous year, showing an improvement of approximately 33%[26] - The net profit attributable to shareholders was -¥10,639,880, representing a slight increase of 0.13% from -¥10,508,370 in the previous year[5] - The company reported a 33.66% improvement in net profit attributable to shareholders year-to-date, from -¥54,867,408.67 to -¥36,401,024.07[8] Cash Flow and Liquidity - The net cash flow from operating activities was -¥21,596,836, a significant decrease of 147.45% compared to ¥45,513,491 in the same period last year[8] - The company's cash flow from operating activities was ¥544.50 million, down from ¥634.50 million, indicating a decrease of about 14% year-over-year[28] - The net cash flow from financing activities was -$30,837,985.56, an improvement from -$56,679,788.29 in the previous period, indicating better management of financing costs[29] - The ending cash and cash equivalents balance was $217,662,079.15, down from $274,674,685.37, reflecting a decrease in liquidity[29] - Cash and cash equivalents decreased from RMB 401,610,338.55 to RMB 303,819,079.15, a drop of about 24.4%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,381,181,081.30, down 7.04% from ¥2,561,540,628.45 at the end of the previous year[5] - The total current assets decreased from RMB 1,086,781,497.97 to RMB 992,991,723.01, a decline of approximately 8.6%[22] - Total liabilities decreased from RMB 1,474,759,130.48 to RMB 1,388,189,358.29, a reduction of about 5.9%[22] - The company recorded a 51.04% increase in estimated liabilities to ¥2,088,175.70 due to higher provisions for equipment renewal[11] - The total liabilities decreased to ¥973.97 million from ¥1,122.21 million, a decline of about 13%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,598[14] - The largest shareholder, Wang Zhiqing, holds 37.74% of shares, totaling 95,270,000 shares[14] - The total number of restricted shares held by major shareholders decreased from 81,252,500 to 76,612,314 shares, a reduction of 5.5%[16] - The company completed the repurchase and cancellation of 4,640,186 shares at a total price of RMB 1.00, as approved in board meetings held on January 23 and February 13, 2025[17] Accounting and Adjustments - The company has made adjustments to previous accounting data due to corrections of accounting errors related to a criminal case involving its wholly-owned subsidiary[5] - The company corrected accounting errors for the years 2016-2023, impacting the financial reports for these periods[18] Other Financial Metrics - Basic and diluted earnings per share were both -¥0.0422, a decrease of 1.44% from -¥0.0411 in the previous year[9] - Other comprehensive income after tax was a loss of ¥25,524.13, slightly worse than the loss of ¥23,489.94 in the previous year[27] - Research and development expenses were ¥7.61 million, down from ¥8.76 million, a reduction of approximately 13% year-over-year[26] - The company recorded a net cash inflow from other operating activities of ¥24.59 million, compared to ¥12.41 million in the previous year, an increase of approximately 98%[28] Changes in Financial Position - Trading financial assets increased by 908.47% to ¥11,147,432.80 due to new idle asset investment[11] - Accounts receivable financing decreased by 61.73% to ¥19,040,281.44 primarily due to a reduction in high-quality bank notes[11] - Contract assets decreased by 43.85% to ¥17,024,723.00 mainly due to the settlement of the Baofeng project[11] - Other current liabilities increased by 399.84% to ¥7,558,997.74 due to the recognition of VAT to be transferred from the Baofeng project[11] - Long-term receivables reached ¥61,488,753.57, reflecting the settlement of the Baofeng project[11] Management and Governance - The company appointed a new board secretary, Mr. Ma Jianwei, effective from August 7, 2025[19] - The company adjusted its organizational structure as approved in the board meeting on August 7, 2025[19] Audit and Compliance - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[30]

Revenue and Profitability - The company's revenue for Q3 2025 was ¥250,233,555.73, representing a decrease of 6.97% compared to the same period last year[4] - Net profit attributable to shareholders increased significantly by 436.14% to ¥58,431,291.37 for the quarter[4] - The basic earnings per share rose by 390.00% to ¥0.49, while diluted earnings per share also increased by the same percentage[4] - Total operating revenue for the current period reached ¥772,321,104.35, a slight increase from ¥772,123,217.43 in the previous period, reflecting a growth of 0.03%[16] - Net profit for the current period was ¥73,747,544.21, significantly up from ¥12,571,213.01, marking an increase of 487.5%[17] - Earnings per share (EPS) improved to ¥0.62 from ¥0.11, indicating a substantial growth in profitability[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,943,702,160.80, marking a 6.77% increase from the end of the previous year[4] - The company’s equity attributable to shareholders increased by 5.60% to ¥1,667,942,173.95 compared to the previous year[4] - The company’s total liabilities amounted to CNY 274,863,965.90, up from CNY 239,166,603.53, which is an increase of about 15%[14] - The company’s non-current assets totaled CNY 774,298,346.86, an increase from CNY 689,371,458.62, reflecting a growth of approximately 12.3%[14] - The company’s total current assets reached CNY 1,169,403,813.94, slightly up from CNY 1,131,153,426.00, indicating a growth of about 3.37%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥210,382,731.61, a decline of 261.72% compared to the previous year[8] - Cash flow from operating activities showed a net outflow of ¥210,382,731.61, worsening from a net outflow of ¥58,162,177.13 in the previous period[18] - The total cash inflow from investment activities was ¥1,124,202,876.72, down from ¥1,371,225,056.57, reflecting a decrease of 18%[18] - Net cash flow generated from investment activities increased to $275,564,422.93 from $138,707,321.70, representing a growth of about 99%[19] - Cash inflow from financing activities totaled $204,509,973.80, up from $116,452,482.21, marking an increase of approximately 75%[19] - Net cash flow from financing activities improved to $44,686,170.01 from a negative $17,965,585.13, indicating a turnaround[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,653, with the largest shareholder holding 50.44% of the shares[9] - The company approved the 2025 Employee Stock Ownership Plan, transferring 3,662,209 shares, which represents 3.05% of the total share capital[11] Financial Performance Metrics - The company’s financial assets saw a fair value change gain of ¥60,301,546.67, a substantial increase of 908.80% year-on-year[8] - The fair value change income improved to ¥60,301,546.67 from a loss of ¥7,455,658.76, indicating a positive turnaround in financial performance[17] - The company reported a significant increase in other income, which rose to ¥12,113,521.70 from ¥8,341,100.93, an increase of 45.5%[16] Inventory and Receivables - Accounts receivable rose significantly to CNY 186,538,729.07 from CNY 72,040,813.90, marking an increase of approximately 159.8%[13] - Inventory levels increased to CNY 128,822,626.88 from CNY 82,103,310.88, indicating a growth of around 56.9%[13] Management and Expenses - The company’s management expenses rose by 51.16% to ¥23,624,172.53 due to increased share-based payment expenses related to the employee stock ownership plan[8] Audit Information - The company did not undergo an audit for the third quarter financial report[20]

Financial Performance - The company's operating revenue for the third quarter reached ¥302,976,458.49, representing a year-on-year increase of 25.08%[5] - Net profit attributable to shareholders was ¥27,128,931.54, a significant increase of 169.30% compared to the same period last year[5] - The basic earnings per share were ¥0.0804, reflecting a 169.32% increase year-on-year[5] - Total operating revenue decreased to ¥826,211,935.80 from ¥914,906,842.24, representing a decline of approximately 9.6% year-over-year[18] - Net profit for the period was a loss of ¥34,086,043.87, compared to a loss of ¥244,011,879.53 in the previous period, showing an improvement of approximately 86%[19] - Basic and diluted earnings per share improved to -¥0.0841 from -¥0.4234, indicating a significant reduction in losses per share[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,197,571,201.42, a decrease of 6.46% from the end of the previous year[5] - Total current liabilities decreased to ¥1,886,461,913.36 from ¥1,984,121,348.26, a reduction of about 4.9%[15] - The total liabilities decreased to ¥1,965,098,105.52 from ¥2,069,930,472.65, a decline of approximately 5%[16] - The total equity attributable to shareholders decreased to ¥332,860,563.34 from ¥370,041,081.38, a decrease of about 10%[16] Cash Flow - The net cash flow from operating activities was -¥86,740,637.19, a decline of 252.13% compared to the previous year[9] - Operating cash flow turned negative at -¥86,740,637.19, compared to a positive cash flow of ¥57,016,226.14 in the previous period[20] - Cash inflow from financing activities totaled $324.79 million, a decrease from $444.39 million in the previous period, reflecting a decline of approximately 27%[21] - Cash outflow from financing activities amounted to $290.40 million, down from $696.79 million, indicating a reduction of about 58%[21] - Net cash flow from financing activities was $34.39 million, a significant improvement compared to a net outflow of $252.40 million in the prior period[21] - The net increase in cash and cash equivalents was -$48.49 million, compared to a decrease of -$216.41 million in the prior period[21] - The ending balance of cash and cash equivalents stood at $922.31 million, down from $1,019.96 million at the end of the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,667[10] - The largest shareholder, China Complete Equipment Import & Export Group, holds 39.79% of shares, totaling 134,252,133 shares[10] - The top ten shareholders hold a combined 50.67% of the total shares[10] Research and Development - Research and development expenses decreased by 59.98% to ¥15,995,111.63, indicating a reduction in R&D investment[8] - Research and development expenses decreased significantly to ¥15,995,111.63 from ¥39,966,505.01, a reduction of about 60% year-over-year[18] Other Financial Metrics - The weighted average return on equity was 7.05%, an increase of 13.10% year-on-year[5] - The company experienced a significant reduction in financial expenses, which decreased by 79.70% to ¥3,030,827.67, primarily due to lower interest costs[8] - The company reported an investment income of ¥27,408,450.41, marking a 100% increase due to the exit of a subsidiary[8] - The company reported an investment income of ¥27,408,450.41, compared to no investment income in the previous period[18] - Other comprehensive income after tax was a loss of ¥12,942,167.41, compared to a gain of ¥14,032,139.60 in the previous period[19] Inventory and Receivables - Accounts receivable increased by 69.10% to ¥215,623,267.45, primarily due to an increase in receivables from certain projects[8] - Accounts receivable increased to ¥215,623,267.45 from ¥127,513,461.81, representing a growth of approximately 69%[14] - Inventory increased to ¥160,905,187.50 from ¥124,690,047.13, reflecting a rise of about 29%[14] Accounting Standards and Audit - The company has not yet audited its third-quarter financial report, indicating that the figures are subject to change[22] - The new accounting standards will be implemented starting in 2025, which may affect the financial reporting of the company[23]

Financial Performance - The company's revenue for Q3 2025 was ¥107,640,236.43, a decrease of 54.00% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥2,474,900.33, down 95.40% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥663,088.52, a decline of 98.75% compared to the previous year[5]. - The total revenue for the first nine months of 2025 was ¥509,586,374.67, a decrease of 34.92% compared to the same period in 2024[12]. - Total operating revenue for the current period is ¥509,586,374.67, a decrease of 34.9% from ¥783,035,402.89 in the previous period[24]. - Net profit for the current period is ¥66,396,130.49, a decline of 61.1% compared to ¥170,796,972.57 in the previous period[25]. - Basic earnings per share for the current period is ¥0.3498, down from ¥0.8874 in the previous period[25]. - The company’s basic earnings per share decreased by 95.42% to ¥0.0127[5]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,474,513,530.36, representing an 8.84% decrease from the end of the previous year[5]. - Total current assets decreased from 1,179,609,776.95 CNY to 824,334,184.46 CNY, a reduction of approximately 30.1%[22]. - Total non-current assets increased from 437,834,241.67 CNY to 650,179,345.90 CNY, an increase of approximately 48.3%[22]. - Total liabilities decreased to ¥384,271,599.25 from ¥507,256,442.00, reflecting a reduction of 24.3%[23]. - Total equity decreased to ¥1,090,241,931.11 from ¥1,110,187,576.62, a decline of 1.8%[23]. Cash Flow - Cash flow from operating activities showed a net amount of ¥4,418,324.60, down 97.85% year-to-date[5]. - The net cash flow from operating activities is ¥4,418,324.60, significantly down from ¥205,550,184.39 in the previous period[26]. - Cash received from investment recoveries is ¥160,000,000.00, down from ¥340,000,000.00 in the previous period[26]. - The net increase in cash and cash equivalents was -$333.63 million, significantly worse than -$32.66 million in the previous period, highlighting liquidity challenges[27]. - The ending balance of cash and cash equivalents decreased to $330.32 million from $484.65 million, indicating a substantial reduction in available cash[27]. Investments - The company reported a significant increase in long-term equity investments, which rose by 1748.46% to ¥68,880,786.97 due to increased external investments[10]. - The construction in progress increased by 9423.00% to ¥37,181,845.23, attributed to investments in the new smart energy industrial park project[10]. - The company experienced a 40.90% increase in other non-current assets, totaling ¥235,511,731.13, mainly due to the purchase of large-denomination certificates of deposit[10]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,924[17]. - The largest shareholder, Cixi Yaochuang Electronic Technology Co., Ltd., holds 36.90% of shares, totaling 72,014,400 shares[17]. - The total number of shares held by the top ten shareholders accounts for 54.96% of the total shares[18]. - The company has no preferred shareholders or changes in restricted shares during the reporting period[19]. Other Information - The company has not disclosed any new strategies or future outlook in the provided content[20]. - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[28]. - Research and development expenses increased to ¥32,220,210.64, up from ¥30,756,420.46 in the previous period, indicating a focus on innovation[24]. - The company reported a financial expense of -¥2,639,981.62, an improvement compared to -¥4,321,948.42 in the previous period[24]. - Cash inflow from financing activities totaled $33.79 million, down from $46.77 million in the previous period, showing a decrease in capital raised[27]. - Cash outflow for dividend distribution and interest payments increased to $88.03 million from $58.26 million, indicating higher returns to shareholders[27]. - Net cash flow from financing activities was -$54.24 million, worsening from -$11.87 million in the previous period, suggesting increased financial strain[27].

Financial Performance - Q3 2025 revenue was CNY 192,532,174.16, a decrease of 5.86% year-over-year[5] - Net profit attributable to shareholders was CNY 27,447,170.59, down 29.95% compared to the same period last year[5] - Basic earnings per share decreased by 51.10% to CNY 0.16[5] - Total operating revenue for the current period was 580,558,024.19 yuan, a decrease of 1.51% from 591,455,308.26 yuan in the previous period[29] - The company's net profit for the current period is $107,857,366.76, an increase from $105,925,064.52 in the previous period, representing a growth of approximately 1.83%[30] - Operating profit for the current period is $123,475,140.25, compared to $120,136,793.37 in the previous period, reflecting an increase of about 1.95%[30] - Total revenue from operating activities reached $750,784,188.57, up from $645,654,935.93 in the previous period, indicating a growth of approximately 16.26%[32] - The basic and diluted earnings per share for the current period are both $0.63, compared to $0.88 in the previous period, indicating a decrease of approximately 28.41%[32] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1,806,059,574.55, a decline of 4.37% from the end of the previous year[5] - The company reported a total asset balance of 1,806,059,574.55 yuan as of September 30, 2025, down from 1,888,520,859.74 yuan at the beginning of the period[26] - Total liabilities amounted to 660,938,769.42 yuan, slightly down from 663,784,106.64 yuan at the beginning of the period[27] - The company's equity attributable to shareholders was 1,145,120,805.13 yuan, down from 1,224,736,753.10 yuan at the beginning of the period[27] - Cash and cash equivalents decreased to 770,576,975.99 yuan from 993,449,106.40 yuan at the beginning of the period[25] - The total cash and cash equivalents at the end of the period is $767,988,245.03, down from $1,146,960,841.61 in the previous period, indicating a decrease of about 33.05%[33] Investment and Cash Flow - Investment income increased by 216.59% to CNY 2,547,429.81 due to the purchase of structured deposits[11] - Cash flow from investing activities showed a net outflow of CNY 272,994,983.32, an increase of 265.93% compared to the previous year[12] - The company reported a net cash outflow from investing activities of -$272,994,983.32, compared to -$74,602,750.89 in the previous period, showing a significant increase in cash outflow[33] - Cash flow from financing activities showed a net outflow of CNY 84,877,796.41, a decline of 371.68% compared to the previous year[12] - The cash flow from operating activities for the current period is $133,586,439.64, down from $146,380,105.98 in the previous period, showing a decrease of about 8.06%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,716[14] - The largest shareholder, Wang Shijie, holds 48.87% of the shares, totaling 83,117,800 shares[14] - The second-largest shareholder, Chen Yi, holds 9.61% of the shares, totaling 16,351,997 shares[14] - The top ten shareholders hold a significant portion of the shares, with the top three alone accounting for over 66%[15] - The company has a total of 77,129,998 restricted shares, with 74,676,312 shares remaining restricted at the end of the period[18] - Specific shareholder Niu Jiang plans to reduce his holdings of 1,997,667 shares (1.17% of total shares) from September 20 to December 19, 2025[22] Corporate Governance - The company plans to delay the completion date of certain fundraising projects from September 2025 to September 2026 due to equipment testing and evolving customer requirements[19] - The company’s non-independent director, Huang Ziyun, has resigned but will continue to serve in another capacity[19] - The company revised its Articles of Association and certain governance systems in accordance with updated regulations[23] - The company has not disclosed any changes in the shareholding structure due to securities lending or borrowing[15] - The company has not reported any preferred shareholders or changes in preferred shareholder structure[16] Dividends - The company has announced a mid-year dividend for 2025[20] - The company declared a cash dividend of 3 yuan per 10 shares, totaling a distribution based on 170,078,941 shares, completed on September 23, 2025[21] Operating Costs - Total operating costs for the current period were 459,551,573.46 yuan, down 3.57% from 476,555,312.90 yuan in the previous period[29] - Operating costs included 381,903,497.83 yuan in operating expenses, a decrease from 400,111,466.08 yuan in the previous period[29] Research and Development - The company incurred research and development expenses of $33,810,730.29, a decrease from $37,413,935.28 in the previous period, representing a decline of approximately 9.06%[30] Financial Expenses - The company reported a financial expense of -$12,494,765.75, compared to -$10,198,577.84 in the previous period, reflecting an increase in financial costs[30]

Financial Performance - The company's revenue for the third quarter was ¥276,222,753.77, a decrease of 29.96% compared to the same period last year[5] - Net profit attributable to shareholders was ¥18,243,093.73, down 9.49% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥17,276,084.93, reflecting an 11.31% decline compared to the previous year[5] - The basic earnings per share were ¥0.0740, a decrease of 10.52% from the same period last year[5] - Total operating revenue for the current period was ¥1,009,565,967.40, a decrease of 23% compared to ¥1,310,581,205.18 in the previous period[43] - Net profit for the current period was ¥50,191,782.61, a decline of 14% from ¥58,265,103.75 in the previous period[45] - Basic and diluted earnings per share were both ¥0.2037, down from ¥0.2392 in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,424,092,601.66, representing a 0.70% increase from the end of the previous year[5] - Total liabilities amounted to ¥925,735,127.72, slightly down from ¥945,608,677.44 in the previous period[41] - Total equity attributable to shareholders rose by 2.51% to ¥1,498,357,473.94 compared to the end of the previous year[5] - Long-term borrowings decreased to ¥49,000,000.00 from ¥180,000,000.00 in the previous period[41] Cash Flow - Cash flow from operating activities showed a net outflow of ¥231,944,905.06, a significant decline of 199.92% compared to the previous year[15] - Cash inflow from operating activities totaled ¥564,443,198.48, a decrease from ¥618,510,867.17 in the previous period[46] - Cash paid for purchasing goods and services was ¥562,341,230.95, significantly higher than ¥214,587,514.72 in the previous period[46] - The net cash flow from operating activities was -$231.94 million, a significant decrease compared to $232.12 million in the previous period, indicating a negative cash flow trend[47] - The total cash and cash equivalents at the end of the period were $513.00 million, down from $715.73 million, indicating a decline in liquidity[47] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,947[17] - The largest shareholder, Baotai Group Co., Ltd., holds 48.51% of the shares, totaling 119,715,300 shares[17] - The second-largest shareholder, Shanxi Huaxin Hai Trading Co., Ltd., holds 6.39% of the shares, totaling 15,780,000 shares[17] - Baotai Group plans to increase its shareholding by investing between RMB 50 million and RMB 100 million, with a maximum increase of 2% of the total share capital[22] Operational Changes - The company has postponed the expected operational status of the "Baose (Nantong) High-end Special Material Equipment Intelligent Manufacturing Project" from August 2025 to December 2028[27] - The company approved the conclusion of the "Baose Engineering Technology Research and Development Center" project, reallocating the remaining funds to supplement working capital permanently[29] - The company has decided to eliminate the supervisory board, transferring its powers to the audit committee of the board of directors[25] - The company appointed Chen Zhanqian as a non-independent director to ensure the normal operation of the board following the resignation of He Lianguo[35] Audit and Compliance - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[48] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[48] - The board of directors of Nanjing Baose Co., Ltd. issued the report on October 25, 2025, indicating ongoing corporate governance and compliance efforts[49]