Financial Performance - The company's revenue for Q3 2025 was ¥366,166,719.50, a decrease of 31.09% compared to the same period last year[5] - Net profit attributable to shareholders was ¥135,180,746.88, down 32.61% year-over-year[5] - The basic earnings per share for the period was ¥0.26, reflecting a decline of 35.00% compared to the previous year[5] - Total operating revenue decreased to ¥1,250,239,562.54 from ¥1,546,171,660.26, representing a decline of approximately 19.1% year-over-year[20] - Net profit for the period was ¥488,417,997.40, down from ¥540,565,740.67, reflecting a decline of approximately 9.6% year-over-year[21] - Earnings per share decreased to ¥0.93 from ¥1.06, a decline of about 12.3% year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,986,091,814.39, an increase of 3.73% from the end of the previous year[5] - Total assets increased to ¥4,986,091,814.39 from ¥4,806,884,880.38, reflecting a growth of approximately 3.74%[17] - Total current liabilities decreased to ¥678,263,317.09 from ¥777,730,820.51, a reduction of about 12.76%[17] - Total liabilities decreased to ¥719,077,483.99 from ¥818,613,854.82, a reduction of about 12.1% year-over-year[18] - Total equity attributable to shareholders increased to ¥4,223,612,036.13 from ¥3,947,782,682.37, an increase of approximately 7.0% year-over-year[18] Cash Flow - The net cash flow from operating activities was ¥245,114,093.43, a significant decrease of 49.66% year-to-date[5] - Cash flow from operating activities generated ¥245,114,093.43, down from ¥486,933,972.19, a decrease of approximately 49.6% year-over-year[23] - Cash inflow from investment activities totaled $133,954,700.08, an increase from $99,852,406.18 in the previous period, representing a growth of approximately 34%[24] - Cash outflow from investment activities was $195,313,904.60, down from $414,329,002.61, indicating a reduction of about 53%[24] - Net cash flow from investment activities was -$61,359,204.52, an improvement from -$314,476,596.43, showing a significant reduction in losses[24] - Cash inflow from financing activities amounted to $15,000,000.00, compared to $19,820,200.00 in the previous period, reflecting a decrease of approximately 24%[24] - Net cash flow from financing activities was -$212,688,328.53, an improvement from -$241,750,666.56, showing a reduction in losses[24] - The net increase in cash and cash equivalents was -$28,163,381.72, compared to -$68,590,805.40 in the previous period, indicating a significant improvement[24] - The ending balance of cash and cash equivalents was $642,786,047.62, up from $555,274,449.43, representing an increase of approximately 16%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 28,221[12] - The largest shareholder, Hangzhou Juhua Group, holds 21.39% of shares, totaling 109,986,235 shares[12] - The company has no preferred shareholders as per the report[13] - The number of restricted shares at the end of the period is 245,752, down from 327,502, after 81,750 shares were released from restriction[14] - There are no changes in the participation of major shareholders in margin financing and securities lending[12] Other Financial Metrics - The company reported a 62.53% decline in investment income, totaling ¥4,137,540.10 for the first nine months of 2025[8] - The fair value change income increased by 190.58%, reaching ¥49,732,388.48, due to the valuation of financial assets[8] - The company experienced a 95.27% decrease in trading financial assets, which fell to ¥2,441,803.23[8] - The company received government subsidies amounting to ¥3,031,336.73 during the reporting period[6] - The company reported a 41.94% decrease in notes payable, totaling ¥137,935,000.00, due to reduced bank acceptance bill settlements[8] - Other income increased to ¥74,678,925.52 from ¥64,531,354.43, an increase of about 15.5% year-over-year[21] - Financial expenses showed a net income of -¥58,745,797.14 compared to -¥43,802,364.99, indicating an increase in financial costs[20] - Deferred income tax liabilities rose to ¥33,385,540.35 from ¥27,111,933.25, an increase of approximately 23.1% year-over-year[18] Accounting and Audit - The company’s third-quarter financial report was not audited[25] - The company will implement new accounting standards starting in 2025, but this does not apply to the current reporting period[26]

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].

Financial Performance - The company's revenue for Q3 2025 was CNY 241,896,572.67, representing a 4.46% increase year-over-year[5] - Net profit attributable to shareholders decreased by 31.06% to CNY 24,451,667.01 for the quarter[5] - The basic earnings per share (EPS) fell by 47.73% to CNY 0.23[5] - Total operating revenue for Q3 2025 reached ¥674,226,444.40, a slight increase of 0.13% compared to ¥670,348,543.16 in the same period last year[22] - Net profit for the period was ¥84,365,090.16, representing a decrease of 28.24% from ¥117,553,460.81 in the previous year[23] - Total comprehensive income for the period was CNY 84,365,090.16, compared to CNY 117,553,460.81 in the previous period, reflecting a decrease of approximately 28.2%[24] - Basic and diluted earnings per share were both CNY 0.82, down from CNY 1.47 in the previous period, indicating a decline of 44.3%[24] Assets and Liabilities - Total assets increased by 3.49% to CNY 1,815,096,661.38 compared to the end of the previous year[5] - The company's total assets amounted to ¥1,815,096,661.38, an increase from ¥1,753,951,285.80 at the end of the previous period[20] - Non-current liabilities totaled ¥66,722,217.38, up from ¥44,948,262.07 in the previous year, indicating a significant increase of 48.67%[20] - The total liabilities of the company were ¥565,490,827.93, compared to ¥554,629,694.80 in the previous year, showing an increase of 1.55%[20] Cash Flow - The company reported a net cash flow from operating activities of CNY 28,488,366.46, down 16.38% year-to-date[5] - Cash inflow from operating activities totaled CNY 678,383,803.78, an increase of 8.7% from CNY 624,089,610.15 in the previous period[24] - Net cash flow from operating activities was CNY 28,488,366.46, down 16.5% from CNY 34,069,328.22 in the previous period[24] - Cash inflow from investment activities was CNY 1,057,414,764.88, up from CNY 890,194,775.44, representing an increase of 18.8%[25] - Net cash flow from investment activities was CNY 19,276,246.70, a significant improvement from a negative CNY 139,605,503.85 in the previous period[25] - Cash inflow from financing activities totaled CNY 9,232,935.20, with cash outflow amounting to CNY 42,348,749.56, resulting in a net cash flow of CNY -33,115,814.36[25] - The ending cash and cash equivalents balance was CNY 328,748,668.57, compared to CNY 445,363,389.65 at the end of the previous period, reflecting a decrease of 26.2%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,499[12] - Ningbo Fengmao Investment Holding Co., Ltd. holds 59.93% of shares, totaling 62,400,000 shares[12] - The total number of restricted shares at the end of the period is 78,022,829, with 18,022,829 shares added during the period[16] - The company plans to release additional restricted shares on December 13, 2026, including 14,400,000 shares from Ningbo Fengmao Investment Holding Co., Ltd.[16] - The number of shares held by the top 10 shareholders includes significant stakes from natural persons and non-state-owned legal entities[12] Operational Highlights - The company’s construction in progress increased by 666.56% to CNY 162,680,083.00, indicating expansion efforts[9] - Research and development expenses for the quarter were ¥33,444,970.73, slightly down from ¥34,467,825.40 year-on-year[22] - The company’s cash flow from operating activities remains a focus for future growth strategies and market expansion initiatives[20] Other Financial Metrics - Government subsidies recognized during the period amounted to CNY 6,923,092.55, contributing to the financial results[6] - The company’s weighted average return on equity decreased to 2.02%, down 1.11 percentage points from the previous year[5] - The company reported a financial income of ¥4,027,669.51, down from ¥7,589,693.74 in the previous year, indicating a decline of 46.96%[22] - Total operating costs increased to ¥587,428,956.34, up 8.13% from ¥543,302,925.77 year-on-year[22] Reporting and Audit - The company did not undergo an audit for the third quarter financial report[26] - The financial report for the third quarter was released on October 25, 2025[27]

Financial Performance - The company's revenue for Q3 2025 reached ¥405,836,378.88, representing a year-on-year increase of 9.35%[5] - Net profit attributable to shareholders was ¥30,114,352.56, up 15.86% compared to the same period last year[5] - The total profit for the first nine months of 2025 was ¥85,354,912.72, an increase of 52.5% compared to ¥55,958,556.20 in the same period of 2024[9] - The company reported a basic earnings per share of ¥0.0472, which is a 17.71% increase year-on-year[5] - The weighted average return on equity was 1.29%, an increase of 0.16% from the previous year[5] - The company reported a net profit margin improvement, with net profit attributable to shareholders increasing to RMB 637.78 million from RMB 611.11 million, reflecting a growth of 4.4%[18] - The net profit for the current period is CNY 77,463,730.54, an increase of 77.5% compared to CNY 43,623,830.69 in the previous period[20] - The operating profit for the current period is CNY 85,824,096.56, up from CNY 54,961,285.14, reflecting a growth of 56.2%[20] - The total comprehensive income for the current period is CNY 77,463,730.54, compared to CNY 43,623,830.69 in the previous period, reflecting an increase of 77.5%[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,991,168,809.19, reflecting an increase of 8.13% from the end of the previous year[5] - The company's total assets reached RMB 3,991.17 million, an increase of 8.1% from RMB 3,691.16 million at the beginning of the period[18] - The company has seen an increase in non-current liabilities due to new leasing obligations from parking lot contracts, totaling ¥500,552,602.34[9] - Non-current liabilities rose to RMB 500.55 million, up from RMB 275.69 million, marking an increase of 81.6%[17] Cash Flow - The cash flow from operating activities for the year-to-date reached ¥266,804,092.02, a significant increase of 105.01%[5] - The net cash flow from operating activities is CNY 266,804,092.02, which is a significant increase from CNY 130,140,473.05 in the previous period[21] - The cash flow from investing activities shows a net outflow of CNY 87,183,107.88, worsening from a net outflow of CNY 15,705,537.60 in the previous period[21] - The cash flow from financing activities resulted in a net outflow of CNY 186,952,014.60, compared to a net outflow of CNY 225,998,849.25 in the previous period, showing an improvement[22] Shareholder Actions - The company completed a share buyback program, repurchasing 3,650,000 shares, which is 0.57% of the total share capital, at a total cost of approximately RMB 25.49 million[14] - The company plans to utilize its buyback shares for employee stock ownership and/or equity incentive plans, with a budget between RMB 25 million and RMB 50 million[14] Costs and Expenses - Total operating revenue for the current period reached RMB 1,149.49 million, an increase of 16.9% compared to RMB 983.49 million in the previous period[19] - Total operating costs increased to RMB 1,086.16 million, up 13.2% from RMB 959.43 million in the previous period[19] - Research and development expenses were RMB 79.36 million, slightly down from RMB 80.66 million, indicating a focus on cost management[19] Cash and Equivalents - Cash and cash equivalents increased to RMB 718.13 million, up from RMB 684.43 million, indicating a growth of 4.9%[16] - The cash and cash equivalents at the end of the period amount to CNY 552,298,131.08, down from CNY 585,344,736.61 in the previous period[22] Non-Recurring Items - The net profit after deducting non-recurring gains and losses was ¥25,249,747.10, a slight decrease of 0.25% year-on-year[5] - Non-recurring gains and losses for the current period totaled ¥4,864,605.46, with government subsidies contributing ¥4,636,993.45[6] Audit Status - The company has not undergone an audit for the third quarter financial report[23]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,483,062,678.37, a decrease of 10.93% compared to ¥1,665,089,100.96 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥26,867,434.80, compared to a profit of ¥32,331,141.66 in the previous year, marking an 84.08% decline[4] - Total operating revenue for the period was ¥4,703,183,816.72, a decrease of 8.4% from ¥5,136,038,704.94 in the previous period[19] - Net profit for the period was ¥12,017,567.80, a significant decline of 89.9% compared to ¥119,445,756.78 in the previous period[20] - The total comprehensive income for the period was ¥11,138,352.03, down from ¥117,848,055.51 in the previous period[21] - Basic and diluted earnings per share were both ¥0.02, down from ¥0.11 in the previous period[21] Cash Flow - The net cash flow from operating activities improved by 46.03%, reaching -¥823,918,265.17, compared to -¥1,526,535,558.89 in the same period last year[7] - Cash flow from operating activities was ¥4,867,993,131.07, down from ¥5,047,425,383.47 in the previous period[23] - The net cash flow from operating activities was -$823.92 million, an improvement from -$1.53 billion in the previous period, indicating a reduction in cash outflow[24] - Total cash inflow from investment activities was $3.99 billion, compared to $3.05 billion in the prior period, reflecting a significant increase[25] - The net cash flow from financing activities was $35.70 million, a sharp decline from $1.18 billion in the previous period, suggesting reduced financing activities[25] - Cash received from other operating activities was $140.89 million, slightly up from $138.70 million in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,001,090,022.07, reflecting a 6.06% increase from ¥14,043,623,151.24 at the end of the previous year[4] - The company's total current assets reached CNY 10,656,109,092.13, up from CNY 9,920,020,650.34, indicating a growth of around 7.44%[14] - The company's non-current assets totaled CNY 4,344,980,929.94, compared to CNY 4,224,592,457.46, marking an increase of approximately 2.84%[15] - The company's total liabilities increased to CNY 10,000,000,000, indicating a rise in financial obligations[15] - The total liabilities increased to ¥10,376,888,759.45 from ¥9,077,530,671.29, reflecting a growth of 14.3%[17] - The total equity attributable to shareholders decreased to ¥4,541,061,626.92 from ¥4,982,499,577.27, a decline of 8.8%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,068, with no preferred shareholders[8] - The company reported a total of 223,065,137 shares with restrictions, with no shares released during the period[11] - The company has a significant shareholder structure, with the top 10 shareholders holding a combined 68.15% of the total shares[10] Cost Management - Total operating costs amounted to ¥4,481,630,053.01, down 8.6% from ¥4,905,352,316.82 in the previous period[19] - The company reported a decrease in research and development expenses to ¥198,635,190.15 from ¥190,968,786.07, an increase of 4.4%[19] - The financial expenses decreased significantly to ¥39,558,165.01 from ¥69,842,761.71, a reduction of 43.4%[20] - Cash paid for purchasing goods and services decreased to $4.83 billion from $5.62 billion, showing improved cost management[24] Investment Activities - The company received $3.84 billion in cash from investment recoveries, up from $3.03 billion in the prior period, indicating strong investment recovery performance[24] - The total cash outflow from investment activities was $3.91 billion, compared to $2.87 billion in the previous period, indicating increased investment spending[25] Other Financial Metrics - The weighted average return on equity decreased to -0.58% from 0.64% in the same period last year[4] - The company reported a basic earnings per share of -¥0.02, down from ¥0.03 in the previous year, representing an 81.82% decline[4] - Non-recurring gains and losses totaled ¥17,220,806.37 for the current period, with significant contributions from asset disposal and government subsidies[5] - The company has not identified any items that would be classified as recurring gains or losses under the relevant regulations[6] - Cash and cash equivalents rose to CNY 4,205,364,047.45 from CNY 3,416,078,844.83, an increase of about 23.12%[14] - Short-term borrowings surged to CNY 3,241,122,802.09 from CNY 1,377,572,651.30, reflecting a significant increase of approximately 135.06%[15] - The accounts receivable slightly decreased to CNY 4,070,191,800.41 from CNY 4,072,793,425.11, a marginal decline of about 0.07%[14] - The inventory balance increased to CNY 516,119,148.80 from CNY 501,975,812.22, reflecting a growth of about 2.81%[14] - The company experienced a negative impact of -$1.27 million from foreign exchange fluctuations on cash and cash equivalents[25]

Financial Performance - The company's operating revenue for the third quarter reached ¥2,138,698,685.55, representing a year-on-year increase of 5.44%[5] - Net profit attributable to shareholders was ¥432,507,467.31, up 44.00% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥428,486,446.10, reflecting a 56.44% increase year-on-year[5] - The total profit for the period was ¥944,983,341.18, which is a 48.10% increase year-on-year, attributed to a decrease in fuel costs for the company's thermal power plants[10] - Net profit for the current period was ¥872,222,804.03, representing a significant increase of 37.00% compared to ¥636,917,546.38 in the previous period[20] - The company reported a total profit of ¥944,983,341.18, up from ¥638,077,451.23 in the previous period, marking a growth of 48.00%[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥20,483,531,200.31, an increase of 17.70% from the end of the previous year[5] - The total assets of Jiangxi Ganneng Co., Ltd. reached CNY 20.48 billion as of September 30, 2025, an increase from CNY 17.40 billion at the beginning of the period[17] - Current assets amounted to CNY 2.48 billion, up from CNY 2.30 billion at the start of the period, reflecting a growth of approximately 7%[16] - Non-current assets increased to CNY 18.01 billion from CNY 15.10 billion, indicating a growth of about 19%[17] - The company's total liabilities were CNY 13.23 billion, compared to CNY 11.48 billion previously, representing an increase of approximately 15%[17] - The equity attributable to shareholders of the parent company rose to CNY 6.31 billion from CNY 5.75 billion, marking an increase of around 10%[18] Cash Flow - The net cash flow from operating activities was ¥2,083,397,597.11, showing a significant increase of 104.40% compared to the same period last year[10] - The net cash flow from operating activities was ¥2,083,397,597.11, an increase of 104.00% from ¥1,019,296,699.95 in the previous period[22] - Cash and cash equivalents increased to CNY 527.26 million from CNY 313.02 million, a growth of approximately 68%[16] - Cash and cash equivalents at the end of the period totaled ¥499,619,594.17, down from ¥609,446,543.29 at the end of the previous period[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,100[11] Investment and Expenditures - The company raised ¥1,275,230,000.00 from new investments, significantly higher than ¥25,000,968.15 in the previous period, indicating strong investor confidence[23] - The total cash outflow from investing activities was ¥4,098,453,254.26, compared to ¥2,618,496,776.47 in the previous period, reflecting increased capital expenditures[22] Costs and Expenses - Total operating costs decreased to ¥4,308,411,211.25, down 6.09% from ¥4,587,635,349.87 in the previous period, primarily due to a reduction in operating costs[19] - The company reported a significant increase in tax expenses, which rose by 6172.97% to ¥72,760,537.15, mainly due to the previous year's tax benefits and current profit growth[10] Research and Development - Research and development expenses rose to ¥86,448,818.60, an increase of 16.54% compared to ¥74,147,414.81 in the previous period, indicating a focus on innovation[19] Share Performance - Basic and diluted earnings per share increased to ¥0.89, up from ¥0.65 in the previous period, reflecting improved profitability[20] Fixed Assets - The company's fixed assets increased by 47.64% to ¥12,275,431,241.44, primarily due to the estimated transfer of the Gan Neng No. 1 unit to fixed assets[10]

Financial Performance - The company's revenue for Q3 2025 reached ¥2,966,751,678.69, representing a year-on-year increase of 49.54%[5] - Net profit attributable to shareholders was ¥191,641,019.00, an increase of 8.02% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses was ¥135,889,224.44, up 29.36% year-on-year[5] - Operating revenue for the first nine months of 2025 reached CNY 7,399,249,417.11, a 33.92% increase from CNY 5,525,269,718.72 in the same period of 2024[17] - The company’s net profit attributable to shareholders increased by 8.30% to CNY 502,795,315.36, compared to CNY 464,282,441.42 in the prior year[18] - Net profit for the current period was ¥497,227,819.84, representing a 13.5% increase from ¥437,832,028.30 in the previous period[34] - Total comprehensive income for the period reached ¥510,740,865.06, an increase from ¥436,119,121.76 in the previous period, representing a growth of approximately 17.5%[35] - Basic and diluted earnings per share increased to ¥0.9686 from ¥0.9166, reflecting a rise of about 5.5%[35] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥20,308,370,195.83, reflecting an 18.61% increase from the end of the previous year[5] - Total liabilities increased by 40.23% to CNY 4,808,491,698.63 as of September 30, 2025, compared to CNY 3,429,090,779.89 at the end of 2024[11] - The total number of common shareholders at the end of the reporting period is 86,399[22] - The company’s equity attributable to shareholders increased to ¥14,563,611,082.99 from ¥13,166,629,133.04, a growth of 10.6%[31] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥729,719,371.57, down 36.65% compared to the previous year[5] - Net cash flow from operating activities decreased by 36.65% to CNY 729,719,371.57, down from CNY 1,151,896,539.29, mainly due to higher customer note repayments[20] - Cash and cash equivalents at the end of the period totaled ¥6,936,401,346.25, up from ¥5,948,120,927.80, marking an increase of about 16.6%[39] - Net cash flow from financing activities was ¥1,160,901,913.82, compared to a net outflow of ¥61,436,976.10 in the previous period, indicating a significant turnaround[38] Investments and Expenses - Investment activities generated a net cash outflow of CNY 1,351,679,812.93, a 71.81% increase in outflow compared to CNY -786,707,112.26 in the previous year[20] - Research and development expenses for the current period were ¥345,070,626.74, an increase from ¥305,745,052.47 in the previous period[34] - The company reported a significant increase in construction in progress, which rose by ¥74,424.46 million, or 368.52%, due to increased investment in the European new materials industry base project[10] Shareholder Information - The largest shareholder, Minmetals Technology Group Co., Ltd., holds 28.52% of shares, totaling 155,230,155 shares[22] - The company plans to raise between RMB 800 million and RMB 1 billion through a private placement to its controlling shareholder, Minmetals Group[26] - The company issued 37,792,894 new shares at a price of RMB 26.46 per share, increasing total shares from 506,500,774 to 544,293,668[26] Other Financial Metrics - The company received government subsidies amounting to ¥20,062,276.25 during the reporting period, contributing to its financial performance[6] - The company’s financial expenses improved by 25.35%, resulting in a net financial income of CNY -55,947,353.35 compared to CNY -74,947,982.42 in the previous year[17] - The company’s other comprehensive income after tax was ¥13,513,045.22, compared to a loss of ¥1,712,906.54 in the previous period[34]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥699,101,596.33, an increase of 12.39% compared to the same period last year[4] - Net profit attributable to shareholders was ¥47,936,990.67, representing a significant growth of 49.92% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥41,749,498.45, up by 48.68% from the previous year[4] - The company's basic earnings per share (EPS) was ¥0.1787, which is a 49.92% increase compared to the same period last year[4] - Net profit increased by 121.32% to ¥182,350,182.08, driven by the release of production capacity in Chongqing and increased profit from the wholly-owned subsidiary[11] - Net profit for the current period was ¥182,350,182.08, representing a significant increase of 121.5% from ¥82,391,027.95 in the previous period[23] - Basic and diluted earnings per share were both ¥0.6799, compared to ¥0.3072 in the prior period[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,391,179,520.60, reflecting a 5.09% increase from the end of the previous year[4] - Total assets increased to ¥2,391,179,520.60, up from ¥2,275,454,192.74, reflecting a growth of 5.1%[21] - Total liabilities decreased to ¥888,013,061.52 from ¥915,374,081.27, a reduction of 3.0%[21] - Non-current assets totaled ¥1,111,149,727.43, remaining stable compared to ¥1,111,148,624.72 in the previous period[21] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥129,595,644.07, a remarkable increase of 322.90%[4] - Operating cash flow from operating activities improved by 322.90% to ¥129,595,644.07, due to a higher proportion of cash received from sales compared to cash paid for purchases[11] - The net cash flow from operating activities for the current period is ¥129,595,644.07, compared to a negative cash flow of ¥58,139,895.75 in the previous period, indicating a significant improvement[24] - Total cash inflow from operating activities reached ¥998,737,862.58, up from ¥911,135,436.40 in the previous period, reflecting a growth of approximately 9.4%[24] - Cash outflow from operating activities decreased to ¥869,142,218.51 from ¥969,275,332.15, showing a reduction of about 10.3%[24] - Cash flow from investment activities rose by 385.74% to ¥46,766,276.96, primarily due to government relocation compensation received[11] - The net cash flow from investing activities is ¥46,766,276.96, a recovery from a negative cash flow of ¥16,366,758.29 in the previous period[25] - Cash inflow from investing activities totaled ¥142,201,937.81, significantly higher than the previous period's ¥22,000.00[25] - Cash outflow from investing activities increased to ¥95,435,660.85 from ¥16,388,758.29, indicating a rise in investment activities[25] - The net cash flow from financing activities was negative at -¥47,381,120.58, worsening from -¥5,667,712.59 in the previous period[25] - Total cash inflow from financing activities was ¥130,468,756.01, slightly up from ¥126,571,429.62[25] - The ending cash and cash equivalents balance increased to ¥373,833,350.65 from ¥191,373,960.29, marking a substantial rise[25] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 15,271, with the largest shareholder, Jiangsu Shuangxiang Group Co., Ltd., holding 64.52% of shares[13] Research and Development - Research and development expenses increased by 28.50% to ¥71,699,381.47, indicating a focus on innovation[9] - Research and development expenses increased to ¥71,699,381.47, up from ¥55,799,084.78, indicating a growth of 28.5%[22] Other Financial Metrics - The weighted average return on equity was 12.63%, an increase of 4.01% compared to the previous year[4] - The company reported a financial income of ¥7,175,629.76, compared to ¥2,951,781.69 in the previous period, showing a substantial increase[22] - Deferred tax assets were recorded at ¥7,184,010.65, slightly down from ¥7,372,347.20 in the prior period[21] Compensation and Acquisitions - The company received a total compensation of ¥603,752,398.00 for land and property acquisition, with ¥557,470,096.00 received by September 30, 2025[17] Inventory and Receivables - Total current assets increased to ¥1,280,029,793.17 from ¥1,164,305,568.02, with cash and cash equivalents rising to ¥382,091,903.94[19] - Inventory levels increased to ¥365,898,113.18 from ¥301,995,138.77, indicating a growth in stock[19] - Accounts receivable rose to ¥80,321,717.58 from ¥54,885,726.95, reflecting an increase in credit sales[19] - Other receivables decreased significantly to ¥27,133,956.59 from ¥79,335,963.82, indicating improved collection efficiency[19] Audit Information - The company did not undergo an audit for the third quarter report, which may affect the perception of financial reliability[26]

Revenue and Profitability - The company's revenue for the third quarter reached ¥258,363,231.08, representing a 62.50% increase year-over-year[5] - Net profit attributable to shareholders decreased by 86.65% to ¥17,175,146.43, with a year-to-date loss of ¥181,248,673.24, a decline of 234.26%[5] - The basic earnings per share (EPS) was ¥0.0257, up 20.73% compared to the same period last year, while the diluted EPS showed a similar increase[5] - The net loss for the current period was reported at ¥287,618,097.92, compared to a gain of ¥298,927,075.44 in the previous period[16] - The company reported a net loss of ¥207,560,287.27, compared to a net profit of ¥137,199,245.17 in the previous period, indicating a significant decline in profitability[17] - Operating income was negative at ¥274,187,020.81, while the previous period showed a positive operating income of ¥219,955,213.36, reflecting a substantial operational downturn[17] - Basic and diluted earnings per share were both negative at ¥0.2711, compared to positive earnings of ¥0.2175 in the previous period, indicating a decline in shareholder value[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,375,494,960.58, down 5.26% from the previous year[5] - Total assets decreased to ¥2,375,494,960.58 from ¥2,507,397,650.53, a decline of 5.3%[15] - Total liabilities decreased to ¥1,198,309,658.48 from ¥1,280,996,554.58, a reduction of 6.4%[14] - The company's equity attributable to shareholders decreased to ¥1,223,079,969.46 from ¥1,245,984,149.28, a decline of 1.8%[15] - The company reported a decrease in deferred income tax liabilities to ¥130,852,419.27 from ¥197,445,343.46, a reduction of 33.7%[14] Cash Flow and Financing - The company reported a significant increase in cash flow from financing activities, with cash flow from operating activities down 55.91% year-to-date[5] - The company experienced a net cash inflow from financing activities of ¥101,199,212.05, compared to a net outflow of ¥108,208,753.26 in the previous period, showing improved financing conditions[19] - Cash flow from operating activities generated a net inflow of ¥35,788,547.45, down from ¥81,169,857.28 in the prior period, highlighting a decrease in operational cash generation[18] - The company's cash and cash equivalents increased significantly to ¥150,679,874.21 from ¥29,040,120.42, reflecting a growth of 418.5%[13] - The company’s cash and cash equivalents at the end of the period totaled ¥150,679,874.21, up from ¥70,260,600.84 in the previous period, suggesting improved liquidity[19] Operating Performance - Total operating revenue for the current period reached ¥717,133,485.38, an increase of 19.1% compared to ¥602,334,380.57 in the previous period[16] - Total operating costs amounted to ¥760,563,417.60, up 8.7% from ¥699,733,913.04 in the prior period[16] - Total revenue from sales of goods and services was ¥459,485,586.46, an increase from ¥320,482,622.80 in the previous period, indicating growth in sales[18] Investments and Other Income - Non-recurring gains and losses included a profit of ¥15,418,119.90 from the disposal of non-current assets and government subsidies totaling ¥6,288,221.87[6] - The company received cash from investment activities totaling ¥17,612,004.82, a decrease from ¥60,589,699.97 in the previous period, indicating reduced investment returns[18] - Long-term equity investments increased to ¥117,899,454.49 from ¥99,790,829.33, reflecting an increase of 18.5%[13] - The company experienced a 418.87% increase in cash and cash equivalents, totaling ¥150,679,874.21, due to employee stock purchases[8] - The company has no other non-recurring gains and losses that meet the definition of non-recurring items[7]

Financial Performance - The company's revenue for Q3 2025 reached ¥928,376,221.87, representing a year-on-year increase of 13.93%[5] - Net profit attributable to shareholders was ¥86,814,192.36, up 7.47% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses decreased by 23.90% to ¥51,550,632.07[5] - Total operating revenue increased to ¥2,585,255,467.74, up from ¥2,208,346,304.28, representing a growth of approximately 17% year-over-year[23] - Net profit for the period was ¥209,304,543.50, down from ¥228,160,570.46, indicating a decrease of approximately 8% year-over-year[25] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥6,296,306,139.25, reflecting a 5.13% increase from the end of the previous year[5] - Total liabilities increased to ¥2,527,630,481.93 from ¥2,255,478,850.42, marking an increase of approximately 12%[21] - The company's equity attributable to shareholders rose to ¥3,748,825,470.40, compared to ¥3,712,290,387.71, reflecting a growth of about 1%[21] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥394,239,798.10, an increase of 58.86%[11] - The company’s cash flow from operating activities showed a positive trend, contributing to overall financial stability despite the decline in net profit[25] - Net cash flow from operating activities is 394,239,798.10, an increase from 248,172,034.41 in the previous period[27] - Cash inflow from operating activities totals 2,811,664,194.42, compared to 2,098,739,196.59 in the previous period[27] - Cash outflow from investing activities is 1,048,088,816.79, up from 772,308,737.83 in the previous period[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 88,295[14] - The largest shareholder, Li Xiaodan, holds 10.12% of shares, totaling 143,251,643 shares[14] - The second-largest shareholder, Xing Meizheng, holds 7.69% of shares, totaling 108,851,644 shares, with 61,560,000 shares pledged[14] Operational Metrics - Total current assets amount to 4,280,814,696.10 CNY, an increase from 4,156,846,688.58 CNY at the beginning of the period[19] - Cash and cash equivalents increased to 799,930,346.36 CNY from 658,309,810.57 CNY[19] - Accounts receivable decreased to 1,224,078,773.32 CNY from 1,273,918,552.78 CNY[19] - Inventory increased to 398,165,718.83 CNY from 384,160,357.21 CNY[19] - Research and development expenses amounted to ¥161,172,773.08, up from ¥140,110,648.47, indicating an increase of approximately 15% year-over-year[24] Other Financial Metrics - Investment income decreased by 83.99% to ¥8,361,519.65, mainly due to reduced returns from financial products[12] - The company reported a 215.67% increase in non-operating income, totaling ¥3,577,938.60, driven by higher non-operating revenue[12] - Basic and diluted earnings per share for the current period are both 0.15, down from 0.17 in the previous period[26] - The ending balance of cash and cash equivalents is 349,837,982.64, down from 388,474,233.25 in the previous period[27] Audit and Compliance - The company has not undergone an audit for the third quarter financial report[28] - The financial report for the third quarter is not subject to the new accounting standards effective from 2025[28]