Revenue and Profitability - The company's revenue for Q3 2025 reached ¥1,833,998,740.15, representing a 76.75% increase compared to the same period last year[4] - The net profit attributable to shareholders was -¥53,472,550.03, a significant decrease of 1,098.58% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥59,328,164.39, down 1,103.19% from the previous year[4] - The basic earnings per share were -¥0.0482, a decrease of 1,105.00% compared to the same period last year[4] - Net profit for the current period was ¥111,417,237.92, compared to a net loss of ¥5,469,708.02 in the previous period, marking a turnaround in profitability[17] - Basic earnings per share (EPS) for the period is 0.0582, compared to 0.0008 in the previous period[18] Cash Flow - The net cash flow from operating activities was -¥946,338,928.29, reflecting a decline of 1,068.80% year-on-year[4] - Net cash flow from operating activities is -946,338,928.29 yuan, a decrease from 97,681,555.69 yuan in the previous period[18] - Cash inflow from operating activities totaled 3,441,990,281.27 yuan, up from 2,657,401,759.57 yuan year-over-year[18] - Cash outflow from operating activities increased to 4,388,329,209.56 yuan from 2,559,720,203.88 yuan in the previous period[19] - Net cash flow from investing activities is 41,670,053.58 yuan, compared to 9,251,214.49 yuan in the previous period[19] - Cash inflow from financing activities is 2,516,029,339.63 yuan, slightly down from 2,353,104,971.74 yuan in the previous period[19] - Net cash flow from financing activities increased to 1,181,328,573.64 yuan from 583,050,920.52 yuan in the previous period[19] - The ending balance of cash and cash equivalents is 1,557,521,864.26 yuan, up from 1,113,139,887.40 yuan in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥15,494,199,471.02, an increase of 5.75% from the end of the previous year[4] - The company's total assets increased to ¥15,494,199,471.02 from ¥14,651,468,814.28, reflecting a growth of approximately 5.8%[15] - Total liabilities rose to ¥8,824,361,233.94, compared to ¥8,081,949,506.17, an increase of about 9.2%[15] - The company’s total liabilities increased, with long-term borrowings rising by 86.35% to ¥2,950,315,346.99, primarily due to new borrowings[7] - The company’s long-term borrowings increased to ¥2,950,315,346.99 from ¥1,583,223,692.05, reflecting a growth of approximately 86.3%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 54,637[10] - Tianjin Tianbao Holdings Co., Ltd. holds 51.45% of shares, totaling 570,995,896 shares, with 236,198,000 shares pledged[10] - The company has not reported any changes in the top 10 shareholders due to share lending or borrowing activities[12] Investment and Assets Growth - The company recorded a substantial increase in investment cash flow, which reached ¥41,670,053.58, a 350.43% increase compared to the previous year[8] - Accounts receivable increased to ¥118,476,131.34 from ¥31,888,742.29, indicating a significant rise in receivables[13] - Other receivables rose to ¥247,936,468.15 from ¥89,539,196.26, reflecting improved collection efforts[13] - Total current assets at the end of the period are ¥13,083,340,185.99, compared to ¥12,343,812,973.47 at the beginning[13] - Long-term equity investments increased to ¥371,215,300.51 from ¥357,895,981.27, showing growth in investment holdings[13] - Investment properties are valued at ¥814,933,127.59, up from ¥758,770,652.97, indicating expansion in real estate investments[13] - Fixed assets increased to ¥364,136,023.33 from ¥279,096,931.52, suggesting capital investment growth[13] Operational Performance - Total operating revenue for the current period reached ¥2,320,043,451.03, a significant increase from ¥1,567,701,442.00 in the previous period, representing a growth of approximately 47.9%[16] - Total operating costs amounted to ¥2,189,204,360.64, up from ¥1,466,493,697.81, indicating an increase of about 49.4%[16] - The operating profit for the current period was ¥108,036,428.73, up from ¥38,553,082.08, indicating a substantial improvement in operational efficiency[17] Audit and Compliance - The company has not undergone an audit for the third quarter financial report[20] - The financial report for the third quarter is not applicable for the new accounting standards effective from 2025[20]

Financial Performance - Q3 2025 revenue reached ¥14,993,495,309.77, a 3.13% increase year-over-year, while year-to-date revenue totaled ¥44,071,582,510.46, up 12.47%[4] - Net profit attributable to shareholders for Q3 2025 was ¥1,630,413,693.99, reflecting a 25.31% increase, with year-to-date net profit at ¥4,398,172,229.53, up 15.14%[4] - Total operating revenue for the current period reached ¥44,071,582,510.46, an increase of 12.5% compared to ¥39,185,564,066.54 in the previous period[22] - Net profit for the current period was ¥5,220,344,836.20, representing a 18.1% increase from ¥4,420,334,191.03 in the previous period[24] - Earnings per share (EPS) for the current period was ¥1.268, compared to ¥1.101 in the previous period, reflecting a growth of 15.1%[24] Assets and Liabilities - The company's total assets as of September 30, 2025, were ¥47,754,005,505.86, a 13.97% increase from the end of the previous year[4] - Total assets reached ¥47,754,005,505.86, up from ¥41,901,504,028.87, marking an increase of 14.0%[20] - The total liabilities increased to ¥11,082,822,647.30, up from ¥9,754,043,554.51, indicating a rise of 13.6%[20] - Total current liabilities increased to ¥8,788,520,846.18 from ¥7,114,029,395.77, reflecting a rise of about 23.6%[18] - The total non-current assets amounted to ¥26,772,673,595.93, down from ¥27,469,486,689.06, showing a decrease of about 2.5%[18] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥6,976,992,588.16, representing a 25.19% increase[4] - Operating cash inflow for the current period reached ¥46,323,931,046.03, an increase of 20.5% compared to ¥38,434,287,999.54 in the previous period[26] - Net cash flow from operating activities was ¥6,976,992,588.16, up 25.2% from ¥5,573,257,540.15 in the prior period[26] - Cash received from the recovery of investments was ¥5,000,028,891.24, a substantial increase from ¥368,578.33 in the previous period[26] - Cash flow from financing activities showed a net outflow of -¥1,141,193,164.66, compared to -¥2,536,637,232.43 in the prior period, indicating a reduction in cash outflow[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 79,073[12] - The largest shareholder, China Aluminum Corporation, holds 29.10% of shares, totaling 1,009,202,685 shares[12] Investment Activities - The company’s investment cash outflows increased by 13,271.55% to ¥6,007,004,940.00, mainly due to the purchase of structured deposits[11] - Cash paid for the purchase of fixed assets and intangible assets was ¥488,818,348.18, compared to ¥292,440,230.92 in the prior period, reflecting increased investment in assets[26] Other Financial Metrics - The weighted average return on equity was 5.13%, a slight increase of 0.38% compared to the previous year[4] - The company reported an investment income of ¥93,273,634.91, a significant recovery from a loss of ¥4,293,967.74 in the previous period[24] - Other comprehensive income after tax for the current period was ¥181,499,762.57, compared to ¥16,422,021.57 in the previous period, showing a substantial increase[24] - The company’s financial expenses improved, showing a net income of -¥20,634,928.62 compared to a positive income of ¥22,904,238.23 in the previous period[24] Sustainability and Recognition - The company has been recognized as a national environmentally friendly enterprise, emphasizing its commitment to sustainable practices in aluminum production[10]

新疆天山畜牧生物工程股份有限公司 2025 年第三季度报告 证券代码：300313 证券简称：*ST 天山 公告编号：2025-061 新疆天山畜牧生物工程股份有限公司 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 1 新疆天山畜牧生物工程股份有限公司 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 单位：元 项目 本报告期金额 年初至报告期期 末金额 说明 非流动性资产处置损益（包括已计提 资产减值准备的冲销部分） 53,350.38 -2,779.91 主要是报告期处置生物资产损益 计入当期损益的政府补助（与公司正 常经营业务密切相关、符合 ...

中科云网科技集团股份有限公司 2025 年第三季度报告 证券代码：002306 证券简称：*ST 云网 公告编号：2025-068 中科云网科技集团股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 中科云网科技集团股份有限公司 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 适用 □不适用 单位：元 公司是否需追溯调整或重述以前年度会计数据 □是 否 | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益（包 | | | | | 括已计提资产减值准备的冲 | | -7,464.60 | 系处置固定 ...

Financial Performance - The company's revenue for Q3 reached ¥2,520,195,750.27, representing a year-over-year increase of 22.85%[7] - Net profit attributable to shareholders decreased by 80.30% to ¥31,065,331.25, while the net profit after deducting non-recurring gains and losses fell by 88.67% to ¥17,602,143.68[7] - Total operating revenue for the current period reached ¥6,784,052,136.25, an increase of 4.7% compared to ¥6,478,286,042.09 in the previous period[28] - Net profit for the current period was ¥520,980,557.98, a decrease of 44.2% from ¥932,523,761.30 in the previous period[28] - Total comprehensive income attributable to the parent company was CNY 302,440,210.83, down from CNY 495,965,300.20, representing a decrease of approximately 39%[29] - The company reported a basic and diluted earnings per share of CNY 0.47, down from CNY 0.76 in the previous period, reflecting a decrease of about 38.2%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,027,241,972.99, an increase of 22.12% compared to the end of the previous year[7] - Current assets totaled ¥14,946,820,018.74, up 26.3% from ¥11,795,149,293.10 at the beginning of the period[26] - Total liabilities reached ¥11,198,228,490.48, an increase of 43.6% from ¥7,801,638,735.17 at the beginning of the period[26] - The company's equity attributable to shareholders decreased slightly to ¥6,572,855,391.24 from ¥6,575,919,659.20 at the beginning of the period[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥151,910,707.85, a substantial increase of 116.85% compared to the previous year[15] - Cash inflow from operating activities totaled CNY 6,814,078,542.13, an increase of about 7.5% from CNY 6,336,187,910.84 in the prior period[30] - Cash outflow from operating activities decreased to CNY 6,662,167,834.28 from CNY 7,237,946,507.54, indicating a reduction of approximately 7.9%[30] - Net cash flow from investing activities was CNY -175,829,451.69, an improvement from CNY -533,178,238.08 in the previous period[31] - Cash inflow from financing activities was CNY 2,045,982,605.57, compared to CNY 1,169,436,332.86 in the prior period, marking an increase of approximately 74.8%[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 62,485[17] - The largest shareholder, Shanghai Electric Automation Group Co., Ltd., holds 28.41% of shares, totaling 184,426,829 shares[17] - Wang Weidong, a natural person, holds 14.30% of shares, totaling 92,828,741 shares, with 51,000,000 shares pledged and 507,363 shares frozen[17] - The company repurchased a total of 6,504,400 shares, representing 1% of the total share capital, with a total transaction amount of RMB 125,431,832[21] - The company plans to cancel 3,916,285 shares from the repurchase account, reducing the total share capital from 649,095,713 shares to 645,179,428 shares[22] - The number of shareholders with restricted shares at the beginning of the period was 3,637,919, with 1,089,527 shares released during the period[20] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable financing, which rose by 767.54% to ¥871,595,557.07, primarily due to an increase in available notes[13] - Inventory levels increased by 57.96% to ¥3,701,667,153.29, attributed to a rise in orders during the reporting period[13] - Accounts receivable rose to ¥6,503,167,336.50, an increase of 15.5% from ¥5,629,946,587.96 at the beginning of the period[26] - Inventory increased significantly to ¥3,701,667,153.29, up 57.9% from ¥2,343,400,635.33 at the beginning of the period[26] Operating Costs and Expenses - The company's gross profit margin was impacted by a 16.40% increase in operating costs, which reached ¥5,203,730,403.30 due to rising costs associated with increased revenue and product structure adjustments[15] - Total operating costs increased to ¥6,115,722,718.34, up 17.9% from ¥5,183,519,022.97 in the previous period[28] - Research and development expenses for the current period were ¥472,813,742.70, an increase of 18.1% compared to ¥400,223,004.10 in the previous period[28] Other Information - The company has no preferred shareholders or changes in the number of preferred shareholders reported[19] - The company has not disclosed any new product or technology developments in the provided documents[19] - The company did not undergo an audit for the third quarter financial report[32]

重要内容提示： 江苏鱼跃医疗设备股份有限公司 2025 年第三季度报告 证券代码：002223 证券简称：鱼跃医疗 公告编号：2025-036 2025 年第三季度报告 江苏鱼跃医疗设备股份有限公司 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。 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 追溯调整或重述原因 会计政策变更 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 1 江苏鱼跃医疗设备股份有限公司 2025 年第三季度报告 | | | 上年同期 | | 本报告 期比上 | 年初至报告 | | | 年初至 报告期 末比上 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

Financial Performance - Q3 2025 revenue reached CNY 1,053,148,355.55, a 4.89% increase year-over-year[4] - Net profit attributable to shareholders was CNY 188,313,998.20, down 5.54% compared to the same period last year[4] - Basic earnings per share decreased by 7.69% to CNY 0.12[6] - Total operating revenue for Q3 2025 reached CNY 3,025,474,954.96, an increase of 1.9% compared to CNY 2,977,710,115.45 in the same period last year[24] - Net profit for Q3 2025 was CNY 593,875,885.16, a decrease of 10.3% from CNY 661,730,559.80 in Q3 2024[27] - The total comprehensive income for the period was 592,050,952.90 yuan, compared to 657,956,123.96 yuan in the previous period, reflecting a decrease of approximately 9.5%[29] - Basic and diluted earnings per share were both 0.39 yuan, down from 0.44 yuan in the previous period, indicating a decline of about 11.4%[29] Assets and Liabilities - Total assets increased by 10.56% to CNY 17,045,061,061.36 compared to the end of the previous year[6] - The company's total assets increased to CNY 17,045,061,061.36, compared to CNY 15,416,817,991.77 in the previous year, marking a growth of 10.6%[22] - Total liabilities rose to CNY 10,408,263,582.38, up from CNY 8,904,521,804.88, indicating a year-on-year increase of 16.9%[22] - Long-term borrowings increased by 81.16% due to the refinancing of short-term loans[9] - Long-term borrowings increased to CNY 3,005,437,902.74 from CNY 1,658,982,141.68, showing an increase of 80.9%[22] Cash Flow - Cash flow from operating activities decreased by 24.04% to CNY 1,027,944,706.56[6] - Cash flow from operating activities generated a net cash inflow of 1,027,944,706.56 yuan, down from 1,353,308,872.80 yuan, representing a decrease of approximately 24%[33] - Cash inflows from investment activities decreased by 89.44% year-on-year, primarily due to the absence of financial assistance repayments from Hunan Dazhonghe Lithium Mine Co., Ltd. this period.[10] - Cash outflows from investment activities increased by 58.39% year-on-year, mainly due to increased investment in lithium mine construction in Hunan and Sichuan.[10] - Cash inflows from financing activities increased by 88.22% year-on-year, primarily due to financial assistance received from Zhongxing Group Co., Ltd.[10] - Cash outflows from financing activities increased by 36.82% year-on-year, mainly due to the implementation of a share repurchase plan.[10] - The company received cash from operating activities totaling 3,483,716,753.96 yuan, a decrease from 3,585,556,195.75 yuan in the previous period[33] - The company reported a cash inflow from financing activities of 4,242,314,322.95 yuan, compared to 2,253,875,480.53 yuan in the previous period, indicating a growth of about 88%[33] Investments and Income - Investment income increased by 370.87% compared to the same period last year, mainly due to increased earnings from the equity method accounting of Xianghualing Tin Industry Co., Ltd.[10] - The company achieved sales revenue of CNY 21,950,000 from the Sichuan Gada lithium mine in September, generating a gross profit of CNY 16,360,000[6] Expenses - Total operating costs amounted to CNY 2,353,196,956.39, up from CNY 2,209,666,638.34, reflecting a year-on-year increase of 6.5%[27] - Research and development expenses for the quarter were CNY 115,355,195.16, up from CNY 96,291,606.26, representing an increase of 19.8%[27] - The company reported a decrease in financial expenses, which totaled CNY 182,022,802.31, down from CNY 207,921,440.41, a reduction of 12.5%[27] Other Financial Metrics - The company’s other comprehensive income decreased by 89.75%, mainly due to an increase in foreign currency translation differences[9] - Credit impairment losses increased by 163.46% year-on-year, primarily due to an increase in accounts receivable and higher provisions for bad debts.[10] - Asset impairment losses decreased by 115.95% year-on-year, mainly due to inventory consumption and a reduction in inventory write-down provisions.[10] - Asset disposal gains increased by 90.21% compared to the same period last year, primarily due to a decrease in asset disposal losses.[10] - Income tax expenses decreased by 31.38% year-on-year, mainly due to a reduction in total profit.[10] Mining Operations - The company obtained a mining license for the Zhouyoufang Iron Mine with an expanded production capacity of 6.5 million tons per year, up from 4.5 million tons per year, marking significant progress in iron ore expansion.[15] Accounts Receivable and Cash Equivalents - Accounts receivable increased by 169.79%, primarily due to an increase in credit limits[9] - The company's cash and cash equivalents were reported at CNY 2,425,966,804.90, compared to CNY 1,751,337,817.13, reflecting a significant increase of 38.4%[22] - The company's cash and cash equivalents at the end of the period totaled 1,125,337,360.63 yuan, up from 670,370,869.52 yuan, marking an increase of approximately 67.8%[35]

Financial Performance - The company's revenue for Q3 2025 was ¥177,530,568.81, a decrease of 9.62% compared to the same period last year[4] - Net profit attributable to shareholders was ¥3,026,049.42, down 59.36% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥2,187,164.64, a decline of 221.57%[4] - Total operating revenue for the current period is ¥509,883,681.59, a decrease of 29.3% compared to ¥721,478,652.99 in the previous period[17] - Operating profit for the current period is ¥7,650,161.61, significantly lower than ¥130,833,977.21 in the previous period[17] - The total profit for the current period is 6,124,209.96, compared to 141,537,618.64 in the previous period, indicating a significant decrease[18] - The company reported a basic and diluted earnings per share of 0.06, down from 1.31 in the previous period[18] - The total comprehensive income for the current period is 6,081,603.44, compared to 141,539,867.19 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,946,927,442.14, reflecting a 6.07% increase from the end of the previous year[4] - Total assets increased to ¥3,946,927,442.14 from ¥3,721,188,515.50, an increase of 6.1%[15] - Total liabilities increased to ¥1,361,456,054.42 from ¥1,141,798,731.22, a rise of 19.2%[15] - Non-current assets decreased to ¥2,128,658,111.86 from ¥2,175,714,157.21, a decline of 2.2%[15] Cash Flow - The net cash flow from investment activities improved by 66.55%, amounting to -¥188,482,691.32, primarily due to a significant reduction in long-term asset construction expenditures[8] - The net cash flow from operating activities is -179,785,617.22, slightly improved from -183,055,560.92 in the previous period[19] - The cash inflow from financing activities is 816,782,342.60, an increase from 673,783,342.98 in the previous period[20] - The cash outflow from investing activities is 497,016,464.80, down from 769,026,433.85 in the previous period[19] - The company experienced a decrease in sales revenue from operating activities, with cash received from sales at 237,057,558.97 compared to 419,003,596.04 in the previous period[19] - Cash and cash equivalents decreased to ¥372,740,297.75 from ¥428,969,485.20, a decline of 13.1%[14] - Cash and cash equivalents at the end of the period amount to 357,112,613.75, compared to 225,341,925.33 at the end of the previous period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,081[10] - The largest shareholder, Shao Chunnan, holds 18.55% of shares, totaling 20,265,000 shares[10] - The second largest shareholder, Lou Jinfang, holds 13.22% of shares, totaling 14,444,700 shares[10] - The total number of restricted shares at the end of the period is 26,138,318, with 40,592,562 shares released during the period[11] - The company has a total of 39,797,964 restricted shares at the beginning of the period[11] - The company plans to release restricted shares on June 20, 2025, for major shareholders[11] - The company has no preferred shareholders or related party transactions among the top shareholders[11] - The top 10 shareholders do not participate in margin trading or securities lending[11] - The company has a total of 1,130,653 shares held by other strategic asset management plans[10] - The total number of shares held by the top 10 unrestricted shareholders is 39,000,000[10] Expenses - Research and development expenses decreased by 40.74% to ¥139,288,938.29, attributed to the optimization of project structures[7] - The company reported a 34.34% reduction in sales expenses, totaling ¥7,446,866.95, due to decreased promotional costs[7] Other Information - The company reported a net credit impairment loss of ¥10,476,858.77, an improvement from ¥13,856,953.86 in the previous period[17] - The company has not undergone an audit for the third quarter financial report[21] - The weighted average return on net assets was 0.12%, down 0.15% from the previous year[4] - Accounts receivable increased to ¥471,756,779.50 from ¥361,493,394.86, an increase of 30.6%[14] - Inventory rose to ¥221,736,301.99 from ¥177,342,362.44, reflecting a growth of 25.0%[14] - The company experienced a significant increase in short-term borrowings, which rose by 102.31% to ¥728,463,642.16 due to new borrowings during the reporting period[7]

Financial Performance - Q3 2025 revenue was CNY 41,791,199.16, a decrease of 8.98% year-over-year, while year-to-date revenue reached CNY 128,366,880.23, an increase of 4.29%[4] - The net profit attributable to shareholders for Q3 2025 was a loss of CNY 9,321,035.20, representing a 29.27% increase in loss compared to the same period last year, with a year-to-date loss of CNY 25,495,398.65, an increase of 7.72%[4] - The basic earnings per share for Q3 2025 was -CNY 0.0293, a 29.40% increase in loss compared to the previous year, while year-to-date earnings per share was -CNY 0.0803, an increase of 7.70%[4] - The company reported a negative retained earnings of CNY -150,089,518.41 as of September 30, 2025, compared to CNY -124,594,119.76 at the beginning of the period[25] - The company reported a total comprehensive loss of ¥27,026,117.34, slightly better than the previous comprehensive loss of ¥28,324,171.87, marking an improvement of about 4.6%[28] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 774,790,697.10, a decrease of 12.82% from the end of the previous year[4] - Shareholders' equity attributable to the parent company was CNY 486,365,950.67, down 5.18% from the end of the previous year[4] - Current assets decreased from CNY 543,672,763.80 to CNY 452,810,535.14, reflecting a decline of approximately 16.67%[23] - Total liabilities decreased from CNY 362,228,841.69 to CNY 275,855,378.18, a reduction of approximately 23.8%[25] - The company’s total equity decreased from CNY 526,499,741.85 to CNY 498,935,318.92, reflecting a decline of about 5.2%[25] Cash Flow - The net cash flow from operating activities for the year-to-date period was -CNY 6,913,373.64, an improvement of 78.13% compared to the same period last year[4] - The net cash flow from investment activities was CNY 3,736,806.22, a decrease of 96.27% compared to the previous year, primarily due to the absence of large financial product redemptions[9] - The net cash flow from financing activities was -CNY 54,216,232.53, a decrease of 147.94% year-over-year, mainly due to a reduction in cash received from borrowings[9] - The cash flow from operating activities showed a net outflow of ¥6,913,373.64, significantly improved from an outflow of ¥31,604,091.90 in the previous period[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,069[11] - The largest shareholder, Sun Jianxi, holds 13.76% of shares, amounting to 43,705,474 shares, with 23,000,000 shares pledged[11] - The total number of shares held by the top 10 shareholders accounts for 56.67% of the total shares[11] - The voting rights of 41,932,340 shares (13.20% of total shares) have been irrevocably entrusted to Chen Ke by Sun Jianxi and Li Taijie[16] - The total number of shares pledged by the top shareholders includes 23,000,000 shares from Sun Jianxi and 490,000 shares from Yingqi (Hangzhou) Enterprise Headquarters Management Co., Ltd.[11] Operational Highlights - The company’s management highlighted ongoing efforts in cost control and operational efficiency to improve future profitability[30] - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q3 2023[31] - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[31] - New product launches contributed to a 30% increase in sales volume, with the latest product line accounting for 200 million RMB in revenue[31] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[31] Future Outlook - The company provided a forward guidance of 10% revenue growth for Q4 2023, projecting revenues to reach approximately 1.32 billion RMB[31] - Market expansion efforts have led to a 20% increase in market share in the Southeast Asia region[31] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 100 million RMB allocated for this purpose[31] - Strategic partnerships have been established, expected to generate an additional 150 million RMB in revenue over the next year[31] - Overall, the company remains optimistic about future growth, citing strong demand and favorable market conditions[31]

Financial Performance - The company's operating revenue for Q3 2025 was ¥500,313,672.86, a decrease of 12.09% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥19,593,879.71, representing a significant decline of 2,349.73% year-on-year[5]. - The basic earnings per share for the period was -¥0.0546, a decrease of 2,375.00% year-on-year[5]. - Total revenue for the current period is CNY 1,492,384,376.50, a decrease of 4.65% compared to CNY 1,565,439,670.35 in the previous period[20]. - The company reported a net loss of CNY 13,106,752.92, compared to a net profit of CNY 19,990,927.22 in the previous period[21]. - The basic and diluted earnings per share were both -0.0962, compared to -0.0717 in the previous period[22]. - The company’s total profit before tax was CNY -3,835,847.58, down from CNY 35,255,355.36 in the prior period[21]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥8,112,859,916.93, an increase of 65.30% from the end of the previous year[5]. - Total assets increased to CNY 8,112,859,916.93 from CNY 4,908,014,624.36, a growth of 65.73%[18]. - Total liabilities rose to CNY 2,565,416,688.44 from CNY 1,954,564,178.25, an increase of 31.19%[18]. - The company's equity attributable to shareholders increased by 98.01% to ¥5,241,337,340.81 compared to the previous year-end[5]. - The company's equity attributable to shareholders increased to CNY 5,241,337,340.81 from CNY 2,646,946,408.18, a growth of 97.45%[19]. Cash Flow and Investments - Cash flow from operating activities for the year-to-date was ¥95,996,469.34, an increase of 8.99%[5]. - The company experienced a net cash flow from operating activities of CNY 95,996,469.34, up from CNY 88,076,839.40 year-over-year[22]. - Cash obtained from loans rose by 110.33% to ¥212,390,372.52, driven by increased financing needs for investments and operations[11]. - Cash inflows from financing activities were CNY 223,957,136.10, an increase from CNY 109,584,270.67 in the previous period[23]. - The company incurred a total of CNY 132,347,949.79 in cash outflows from investing activities, compared to CNY 57,101,754.44 in the prior period[23]. Comprehensive Income and Expenses - The company's other comprehensive income surged by 2,116.50% to ¥2,753,175,739.69, driven by the rise in stock prices of a subsidiary[10]. - The company reported a significant increase in other comprehensive income, totaling CNY 2,628,962,950.78, compared to a loss of CNY 431,734,726.17 in the previous period[21]. - Research and development expenses for the current period were CNY 62,483,572.49, down from CNY 68,294,480.18, a decrease of 8.36%[20]. - The financial expenses decreased by 47.50% to ¥5,433,428.94, attributed to foreign exchange gains[10]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 125,131, with no preferred shareholders[13]. - The largest shareholder, China Aviation Industry Group, holds 50.17% of the shares, totaling 179,959,663 shares[14]. Other Financial Metrics - The company's long-term equity investments rose by 38.85% to ¥51,930,325.39 due to additional capital contributions[10]. - The company's short-term borrowings increased by 54.68% to ¥213,498,586.04, primarily for operational needs[10]. - Investment income increased significantly by 110.57% to ¥512,335.15, driven by improved profitability[11]. - Credit impairment losses surged by 614.20% to ¥5,354,918.50, primarily due to an increase in accounts receivable[11]. - Net loss attributable to shareholders rose by 34.16% to ¥34,514,657.10, mainly due to a decline in gross margin from automotive parts[11]. - Cash received from tax refunds decreased by 90.78% to ¥767,602.74, reflecting a reduction in export tax rebates[11]. - Cash paid for fixed assets and other long-term assets increased by 124.87% to ¥119,297,949.79, due to new plant construction and equipment investments[11]. - Cash invested in Zhejiang Jiwen increased by 222.22% to ¥13,050,000.00, indicating a strategic investment move[11].