Revenue and Profitability - The company's revenue for Q3 2025 reached ¥195,542,620.05, representing a year-over-year increase of 65.28%[3] - Year-to-date revenue totaled ¥487,881,163.72, reflecting a growth of 40.48% compared to the same period last year[3] - The total profit for the period was a loss of ¥12,557,710.52, with a year-to-date loss of ¥16,126,838.86, marking a significant decline[3] - The net profit attributable to shareholders was a loss of ¥13,505,858.48 for the quarter, and a loss of ¥16,271,996.85 year-to-date, indicating a decrease of 1,244.32%[3] - The basic earnings per share for the quarter was -¥0.10, with a year-to-date figure of -¥0.12, reflecting a significant drop in profitability[3] - The net profit for the first three quarters of 2025 was a loss of ¥16.27 million, compared to a profit of ¥1.42 million in the same period of 2024[17] - Operating profit for the first three quarters of 2025 was ¥2,235,320.24, significantly down from ¥10,543,450.82 in 2024, indicating a decline of approximately 78.8%[27] - Net profit for the first three quarters of 2025 was ¥1,286,304.35, compared to ¥10,657,456.41 in 2024, reflecting a decrease of about 88.9%[27] Research and Development - Research and development expenses amounted to ¥9,485,785.80 for the quarter, an increase of 31.94% year-over-year, and accounted for 4.85% of revenue[3] - The company is actively developing high-speed material processing technology for 5G applications, contributing to increased R&D investment[7] - Research and development expenses for the first three quarters of 2025 were ¥26.08 million, slightly up from ¥24.77 million in 2024, indicating a focus on innovation[16] - R&D expenses for the first three quarters of 2025 amounted to ¥10,457,581.51, a decrease from ¥12,089,300.97 in the same period of 2024[27] Assets and Liabilities - Total assets at the end of the period were ¥1,432,518,906.39, a 25.49% increase from the previous year[4] - The company's total liabilities increased to ¥760.96 million in 2025 from ¥461.23 million in 2024, reflecting a growth of 64.9%[14] - Total current assets as of September 30, 2025, amount to ¥542,110,808.70, an increase from ¥396,305,701.93 as of December 31, 2024[12] - Total assets as of September 30, 2025, amounted to ¥967,762,261.75, up from ¥865,199,448.05 at the end of 2024, reflecting a growth of 11.9%[24] - The total liabilities increased to ¥349,580,377.82 as of September 30, 2025, compared to ¥255,817,228.30 at the end of 2024, marking a rise of 36.6%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,784[9] - The largest shareholder, Ma Zhuo, holds 51,573,100 shares, representing 38.66% of total shares[9] - The equity attributable to shareholders decreased by 1.29% to ¥671,555,131.35 compared to the previous year-end[4] - The total equity attributable to shareholders decreased to ¥671.56 million in 2025 from ¥680.31 million in 2024, a decline of 1.1%[14] - The total equity as of September 30, 2025, was ¥618,181,883.93, slightly up from ¥609,382,219.75 at the end of 2024[25] Cash Flow and Financial Expenses - The net cash flow from operating activities was negative at -¥30,884,338.44, a decline of 147.10% year-over-year[3] - Net cash flow from operating activities for the first three quarters of 2025 was -¥30,884,338.44, a decline from a positive cash flow of ¥65,570,448.88 in the first three quarters of 2024[22] - The company reported a net cash outflow from investing activities of -¥47,173,787.74 in the first three quarters of 2025, compared to -¥51,104,644.42 in the same period of 2024[22] - The company incurred financial expenses of ¥3,663,521.17 in the first three quarters of 2025, compared to ¥2,193,606.00 in 2024, marking an increase of approximately 67.1%[27] - The company’s financial expenses included interest expenses of ¥5.00 million for the first three quarters of 2025, compared to ¥2.87 million in 2024, reflecting increased borrowing costs[16] Operational Performance - Total operating revenue for the first three quarters of 2025 reached ¥487.88 million, a significant increase of 40.5% compared to ¥347.30 million in the same period of 2024[16] - Total operating costs for the first three quarters of 2025 were ¥499.04 million, up 41.7% from ¥352.40 million in the previous year[16] - The company's gross profit margin for the first three quarters of 2025 was approximately 16.0%, compared to 18.4% in the same period of 2024[26] - The company incurred sales expenses of ¥15,112,020.70 in the first three quarters of 2025, which is an increase of 8.4% from ¥13,941,246.25 in the previous year[26] - The company’s management expenses rose to ¥21,817,015.46 in the first three quarters of 2025, compared to ¥15,438,132.74 in the same period of 2024, indicating a significant increase of 41.3%[26] Cash and Cash Equivalents - Cash and cash equivalents are reported at ¥130,795,330.02, up from ¥119,185,299.52 in the previous period[11] - Cash and cash equivalents at the end of September 2025 were ¥108,124,607.55, down from ¥132,659,988.05 at the end of September 2024[22] - Total cash and cash equivalents at the end of the third quarter of 2025 were ¥54,883,926.92, down from ¥64,722,299.89 at the end of the same period in 2024[30] Other Financial Information - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[10] - The company has not applied new accounting standards for the year 2025, as stated in their announcement[32]

Financial Performance - The company's revenue for the third quarter was CNY 180,809,810.20, representing a year-on-year increase of 6.96%[6] - The total profit for the quarter was CNY 10,960,838.92, showing a decrease of 25.12% compared to the same period last year[6] - The net profit attributable to shareholders was CNY 9,429,851.57, down 25.27% year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 8,435,653.00, reflecting a significant increase of 80.95%[6] - Basic earnings per share for the quarter were CNY 0.04, a decrease of 20% compared to the same period last year[7] - The weighted average return on equity was 1.63%, a decrease of 0.63 percentage points from the previous year[7] - Total operating revenue for the first three quarters of 2025 reached CNY 467.40 million, an increase of 3.67% compared to CNY 453.78 million in the same period of 2024[22] - Net profit for the first three quarters of 2025 was CNY 23.22 million, representing an increase of 8.95% from CNY 21.31 million in the same period of 2024[23] - The company's total operating revenue for the first three quarters of 2025 was ¥160,819,098.23, a decrease of 11.8% compared to ¥182,440,448.00 in the same period of 2024[32] - The net profit for the first three quarters of 2025 was ¥20,464,946.39, down 10.0% from ¥22,902,447.76 in the first three quarters of 2024[32] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -6,738,389.92, an improvement of 81.6% compared to the previous year[6] - The increase in cash flow from operating activities was primarily due to increased customer payments during the reporting period[11] - The company reported a net cash outflow from operating activities of CNY -6.74 million for the first three quarters of 2025, an improvement from CNY -36.63 million in 2024[25] - Cash inflow from operating activities totaled CNY 548.38 million in 2025, compared to CNY 495.55 million in 2024, indicating a growth of 10.66%[25] - Net cash flow from operating activities for the first three quarters of 2025 was negative CNY 23,280,075.77, an improvement from negative CNY 32,736,312.52 in the same period of 2024[34] - The company’s cash flow from operating activities showed a total cash inflow of CNY 205,386,847.64 in the first three quarters of 2025, down from CNY 255,978,842.70 in 2024, indicating a decrease of approximately 19.7%[34] Assets and Liabilities - Total assets at the end of the quarter were CNY 613,429,608.59, a decrease of 0.77% from the end of the previous year[7] - Total current assets as of September 30, 2025, amount to ¥317,984,054.43, a slight decrease from ¥323,929,417.31 at the end of 2024[17] - Cash and cash equivalents are reported at ¥162,865,296.29, down from ¥189,160,784.89[17] - Accounts receivable increased to ¥28,982,967.60 from ¥23,960,575.31, indicating a growth of approximately 21.1%[17] - Total assets amount to ¥613,429,608.59, slightly down from ¥618,162,689.88[18] - The company has a total of ¥9,632,941.78 in contract liabilities, a decrease from ¥14,002,600.22[18] - The company’s total liabilities amounted to CNY 33.13 billion, a slight decrease from CNY 39.29 billion in the previous year[19] - The total equity attributable to shareholders reached CNY 580.30 million, up from CNY 578.87 million in 2024[19] - The total liabilities increased to ¥66,081,926.06 from ¥62,392,970.43 in the previous year[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,084[14] - The largest shareholder, Lin Xiaofang, holds 112,176,435 shares, representing 47.69% of total shares[14] - The second largest shareholder, Oriental United International Investment (Hong Kong) Limited, holds 35,280,000 shares, representing 15.00%[14] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 6.91 million, slightly down from CNY 7.14 million in 2024[22] - Research and development expenses for the first three quarters of 2025 were ¥6,906,190.06, a decrease from ¥7,143,535.96 in the same period of 2024[32] Non-Recurring Gains and Losses - The company reported a non-recurring gain of CNY 994,198.57 for the quarter, with significant contributions from government subsidies and financial asset valuations[10] Investment Activities - The company's cash flow from investment activities showed a net inflow of ¥2,772,211.53, significantly lower than the previous year's inflow of ¥26,991,044.73[26] - Cash inflow from investment activities increased significantly to CNY 270,543,144.08 in the first three quarters of 2025, up from CNY 169,746,057.93 in 2024, marking an increase of approximately 59.5%[34] - Cash outflow for investment activities was CNY 268,806,185.33 in the first three quarters of 2025, compared to CNY 150,446,829.14 in 2024, indicating a rise of about 78.5%[34] - Net cash flow from investment activities for the first three quarters of 2025 was CNY 1,736,958.75, a decrease from CNY 19,299,228.79 in the same period of 2024[34] Financing Activities - The company's cash outflow from financing activities was ¥22,050,873.95, compared to ¥18,597,631.00 in the previous year, indicating increased financial strain[26] - Cash outflow from financing activities was CNY 21,621,062.75 in the first three quarters of 2025, compared to CNY 18,073,987.19 in 2024, reflecting an increase of approximately 14.2%[34] Accounting Standards - The company has not adopted new accounting standards for the year 2025, as stated in the announcement[35]

Financial Performance - The company's operating revenue for the third quarter reached ¥168,161,677.90, representing a year-on-year increase of 2.59%[4] - The total profit for the year-to-date period was ¥38,660,158.92, with a year-on-year increase of 30.52%[4] - The net profit attributable to shareholders for the third quarter was ¥7,270,307.41, while the year-to-date net profit was ¥27,874,476.79[4] - Total operating revenue for the first three quarters of 2025 reached ¥527,730,991.49, a 30.5% increase from ¥404,318,735.36 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥35,588,796.13, compared to a net loss of ¥31,503,594.58 in the same period of 2024[20] - Operating profit improved significantly to ¥38,994,873.68 from a loss of ¥40,009,681.24 year-over-year[19] - Basic and diluted earnings per share for the current period were both ¥0.30, recovering from a loss of ¥0.38 per share in the previous year[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥101,735,626.93[4] - Cash inflows from operating activities totaled ¥550,941,994.88, an increase from ¥420,485,709.09 in the first three quarters of 2024[23] - The net cash flow from operating activities was $101,735,626.93, a significant improvement compared to a net outflow of $53,205,656.08 in the previous period[24] - Total cash inflow from investment activities was $514,229,901.26, down from $600,949,852.42 in the prior period[24] - The net cash flow from investment activities was -$85,690,540.14, contrasting with a positive net flow of $164,356,845.32 previously[24] - Cash inflow from financing activities totaled $270,431,465.87, an increase from $195,482,742.11 in the last period[24] - The net cash flow from financing activities was -$14,078,185.66, an improvement from -$40,576,205.39 in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to $160,343,772.49, compared to $186,950,591.65 at the end of the previous period[24] - The company experienced a cash increase of $2,355,674.89 during the period, a decrease from $70,788,380.05 in the prior period[24] - Cash outflow for investment activities was $599,920,441.40, up from $436,593,007.10 in the previous period[24] - Cash outflow for financing activities was $284,509,651.53, compared to $236,058,947.50 in the last period[24] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,594,444,150.07, a decrease of 0.96% from the previous year[5] - Total current assets as of September 30, 2025, amounted to CNY 1,140,088,550.21, slightly up from CNY 1,136,343,531.55 at the end of 2024[15] - Accounts receivable decreased to CNY 339,252,999.66 from CNY 409,163,896.68, indicating a decline of about 17.06%[15] - Total current liabilities decreased to CNY 710,684,156.58 from CNY 741,589,945.66, a decline of about 4.17%[16] - Non-current assets totaled CNY 454,355,599.86, down from CNY 473,567,526.29, reflecting a decrease of approximately 4.05%[16] - The total liabilities amounted to ¥753,656,503.63, slightly down from ¥757,895,321.85[17] - Total equity attributable to shareholders increased to ¥828,805,966.03 from ¥810,233,947.94, reflecting a growth of 2.0%[17] Research and Development - Research and development expenses totaled ¥13,733,155.73 for the quarter, a decrease of 17.43% compared to the previous year[5] - The company reported a significant reduction in research and development expenses to ¥40,789,479.72 from ¥51,951,670.30 year-over-year, a decrease of 21.5%[19] Shareholder Information - Total number of shareholders reached 7,041, with no preferred shareholders reported[12] - The top three shareholders hold a combined 29.46% of shares: Huang Yihong (14.14%), Xiao Yanjia (7.66%), and Huang Yifen (7.66%) [12] - The company reported no significant changes in the top ten shareholders or their participation in margin trading[13] Operational Insights - The company has improved its accounts receivable collection, leading to a significant reduction in credit impairment losses[10] - The company continues to deepen market engagement and strengthen cooperation with quality clients, resulting in a steady improvement in order status[9] - There were no applicable reminders regarding the company's operational situation during the reporting period[14] Accounting Standards - The company will not apply new accounting standards starting from 2025[25]

证券代码：688720 证券简称：艾森股份 江苏艾森半导体材料股份有限公司 2025 年第三季度报告 江苏艾森半导体材料股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 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 | 159,526,720.77 | 26.12 | ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥142,636,538.74, representing a year-on-year increase of 21.02%[4] - The total profit for the period was -¥5,838,134.96, with a year-to-date total profit of -¥21,560,395.32[4] - The net profit attributable to shareholders was -¥2,918,472.35 for the quarter, and -¥15,031,890.09 year-to-date[4] - Total operating revenue for the first three quarters of 2025 reached ¥405,059,016.64, an increase of 14.9% compared to ¥352,628,961.26 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of ¥19,983,268.71, an improvement from a loss of ¥58,545,101.19 in the same period of 2024[21] - The company’s basic earnings per share for the first three quarters of 2025 was -¥0.04, an improvement from -¥0.13 in the same period of 2024[22] - The total comprehensive income attributable to the parent company was not specified but reflects ongoing challenges in profitability despite operational improvements[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥51,613,214.78, showing an increase of 90.82%[4] - The company reported a significant increase in cash inflow from operating activities, totaling ¥511,158,816.93, compared to ¥427,018,386.34 in the previous year, marking a growth of 19.7%[23] - The net cash flow from operating activities was $51,613,214.78, an increase of 91% compared to $27,047,838.58 in the previous period[24] - The company reported a total cash outflow from operating activities of $459,545,602.15, an increase of 14.9% from $399,970,547.76[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,770,648,755.63, reflecting a 10.44% increase from the previous year[5] - The company's current assets totaled RMB 418,315,362.98, a decrease from RMB 439,431,570.54 in the previous period, indicating a decline of about 4.55%[16] - The total liabilities were reported at RMB 418,315,362.98, with current liabilities including short-term borrowings of RMB 173,188,777.77, which increased from RMB 166,433,418.34[16] - The total liabilities increased to ¥830,918,015.07 from ¥649,905,474.09, representing a growth of 27.8%[18] - The total equity attributable to shareholders decreased to ¥947,581,775.40 from ¥956,250,133.87, a decline of 0.7%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,903[12] - The largest shareholder, Hangzhou Guangyun Investment Co., Ltd., held 36.24% of the shares[12] - The company reported a total of 154,320,840 shares held by Hangzhou Guangyun Investment Co., Ltd., making it the largest shareholder[14] - The company has not disclosed any significant changes in the shareholding structure or any related party transactions among the top shareholders[14] Research and Development - Research and development expenses totaled ¥39,981,489.13 for the quarter, accounting for 28.03% of operating revenue[5] - Research and development expenses for the first three quarters of 2025 were ¥85,049,000.36, slightly up from ¥84,623,424.12 in 2024, indicating a focus on innovation[20] Cash and Investment Activities - Cash and cash equivalents were reported at RMB 112,794,466.30, down from RMB 221,147,985.31, representing a significant decrease of approximately 48.9%[15] - Total cash inflow from investment activities was $590,543,587.45, down 7.9% from $641,297,899.56[24] - The net cash flow from investment activities was -$194,643,873.27, showing a slight improvement from -$194,723,480.53 in the previous period[24] - The total cash outflow from investment activities was $785,187,460.72, a decrease of 6.1% from $836,021,380.09[24] - The cash outflow for the repayment of debts was $237,497,765.37, an increase of 16.9% compared to $203,089,730.36[24] Accounting Standards - The company will implement new accounting standards starting in 2025, which may affect the financial statements[25]

江苏悦达投资股份有限公司 2025 年第三季度报告 江苏悦达投资股份有限公司 2025 年第三季度报告 证券代码：600805 证券简称：悦达投资 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 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 789,194,156.46 | 22.97 | 2 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 255,467,419.86, representing a year-on-year increase of 0.26% and a year-to-date increase of 7.61%[5] - The net profit attributable to shareholders was CNY -11,558,551.09, a decrease of 185.68% compared to the same period last year, and a year-to-date decrease of 163.25%[5] - The basic and diluted earnings per share were both CNY -0.06, reflecting a decline of 185.71% year-on-year and 164.29% year-to-date[5] - Total profit decreased by 221.66% to -¥29,195,664.24, largely due to the addition of new subsidiaries[11] - The company reported a net profit of -20,372,420.37 yuan, compared to a net profit of 29,507,945.16 yuan in the previous period, indicating a significant decline in profitability[21] - Operating profit was recorded at -30,357,484.18 yuan, a decrease from the previous operating profit of 24,182,567.69 yuan[21] - The total comprehensive income for the period was -18,082,732.61 yuan, compared to 28,257,555.24 yuan in the previous period[22] - Basic and diluted earnings per share were both -0.09 yuan, down from 0.14 yuan in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,109,548,233.15, an increase of 4.96% compared to the end of the previous year[5] - Total assets increased to ¥2,109,548,233.15 from ¥2,009,782,688.44, reflecting a growth of 4.9%[18] - Total liabilities rose to ¥1,090,218,661.92 from ¥984,317,505.36, an increase of 10.7%[19] - The company's non-current assets totaled ¥1,010,791,714.46, up from ¥926,398,903.98, indicating an increase of 9.1%[18] Cash Flow - The cash flow from operating activities showed a significant decline, with a net cash flow of CNY 6,476,247.84, down 85.90% year-to-date[5] - Cash flow from operating activities decreased by 85.90% to ¥6,476,247.84, attributed to increased salary payments and expenses[11] - Cash flow from operating activities showed a net increase of 6,476,247.84 yuan, a decrease from 45,927,015.83 yuan in the previous period[25] - The company generated cash inflow from investment activities totaling 1,102,985,496.75 yuan, compared to 1,080,479,833.21 yuan in the prior period[25] - Cash flow from financing activities resulted in a net increase of 28,052,004.04 yuan, up from 15,637,797.32 yuan in the previous period[25] Inventory and Receivables - The company's inventory increased by 43.59% to CNY 236,852,459.17, attributed to increased orders from subsidiaries[10] - Inventory levels rose significantly to ¥236,852,459.17 from ¥164,953,185.98, marking a 43.5% increase[17] - The company reported a significant increase in receivables financing, which rose by 386.81% to CNY 45,556,512.77, due to the settlement of goods via bills[10] - Accounts receivable decreased slightly to ¥262,050,792.72 from ¥267,670,341.11, a decline of 2.5%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,434[13] - The largest shareholder, Wang Yutian, holds 44.90% of the shares, with a total of 92,799,243 shares pledged[14] Government Support and Other Income - The company received government subsidies amounting to CNY 811,768.91 during the reporting period, contributing to its financial performance[6] - Other income decreased by 35.08% to ¥5,630,632.70, mainly due to a reduction in subsidies related to daily activities[11] Management and Operational Costs - Management expenses increased by 39.91% to ¥71,339,709.81, primarily due to salary growth from new subsidiaries and increased depreciation[11] - Total operating costs amounted to ¥719,543,638.15, up from ¥628,455,227.60, reflecting a rise of 14.5%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the call[20]

上海市北高新股份有限公司 2025 年第三季度报告 证券代码：600604 900902 证券简称：市北高新 市北 B 股 上海市北高新股份有限公司 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。 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 | 214,065,887.94 | -28.99 | 815,820,634.15 | 8.58 | | 利润总额 | -34,682,666.38 | -209.13 | -181,631,336.89 | 不适用 | | ...

昆药集团股份有限公司 2025 年第三季度报告 证券代码：600422 证券简称：昆药集团 昆药集团股份有限公司 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。 公司负责人颜炜、主管会计工作负责人孙志强及会计机构负责人（会计主管人员）杨学炳保证季 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 | 项目 | 本报告期 | 上年同期 | | 本报告期 比上年同 | | | | 年初至报 告期末比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期增减变 | 年初至报告期末 | 上年同期 | | 上年同期 | | | | | | 动幅度(%) | | | ...

Financial Performance - The company's operating revenue for the third quarter was ¥4,427,344,010.22, a decrease of 77.38% compared to the same period last year[5] - The total profit for the quarter reached ¥1,033,155,240.85, representing a significant increase of 190.96% year-over-year[5] - The net profit attributable to shareholders was ¥1,039,702,482.54, up 279.29% from the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥444,218,908.89, an increase of 122.53% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.84, reflecting an increase of 281.82% year-over-year[6] - The diluted earnings per share was ¥0.72, up 227.27% from the previous year[6] - The weighted average return on equity increased to 2.96%, up by 2.23 percentage points compared to the previous year[6] - Total revenue for the first three quarters of 2025 was approximately ¥29.77 billion, a decrease from ¥53.16 billion in the same period of 2024, representing a decline of about 44.4%[26] - Operating profit for the first three quarters of 2025 was approximately ¥1.76 billion, compared to ¥757.36 million in 2024, indicating an increase of approximately 133.3%[27] - Net profit for the first three quarters of 2025 reached approximately ¥1.50 billion, up from ¥429.55 million in 2024, reflecting an increase of about 250.5%[27] Asset and Equity - The total assets at the end of the quarter were ¥54,381,505,394.22, a decrease of 27.47% from the end of the previous year[6] - The equity attributable to shareholders increased by 3.30% to ¥35,501,469,964.10 compared to the previous year[6] - Total current assets amounted to approximately ¥15.53 billion, compared to ¥30.94 billion in the previous year, a decrease of about 49.8%[22] - Total non-current assets were approximately ¥38.85 billion, down from ¥44.03 billion, representing a decline of about 11.5%[23] - Total liabilities decreased to approximately ¥18.41 billion from ¥40.14 billion, a reduction of about 54.1%[24] - The total equity attributable to shareholders increased to approximately ¥35.50 billion from ¥34.37 billion, an increase of about 3.3%[25] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥5,422,301,325.22, an increase of 53.15% compared to the same period last year[6] - The company reported a significant increase in investment income, reaching approximately ¥546.50 million compared to ¥218.18 million in the previous year, an increase of about 150.5%[27] - The company’s cash and cash equivalents were approximately ¥1.73 billion, a decrease from ¥7.83 billion, reflecting a decline of about 77.9%[22] - The net cash flow from investing activities was CNY 2,029,901,282.05, a turnaround from a negative cash flow of CNY -842,019,918.81 in the previous period, indicating successful investment strategies[32] - The company experienced a net cash outflow from financing activities of CNY -8,956,917,412.93, compared to CNY -1,164,491,702.28 in the previous period, highlighting increased debt repayments[32] - The company reported a significant increase in cash flow from the disposal of subsidiaries and other business units, amounting to CNY 2,647,638,185.86, compared to CNY 1,150,116,706.99 in the previous period[32] Business Segments - The semiconductor business generated revenue of RMB 4.3 billion in Q3 2025, a year-on-year increase of 12.20%, with a gross margin of 34.56% and a net profit of RMB 724 million[16] - Revenue from the automotive sector within the semiconductor business grew over 26% year-on-year, contributing to a record high revenue in the Chinese market, which accounted for 49.29% of total global revenue[16] - The company launched new 80V and 100V MOSFET products, achieving mass production and delivery, with MOSFET product revenue increasing by over 13% year-on-year[18] - The product integration business saw a significant decline in revenue, totaling RMB 110 million in Q3 2025, which accounted for 2.50% of total revenue[19] - The company is in the process of divesting its product integration business, with several subsidiaries already sold and asset transfers ongoing[19] - The semiconductor business's future performance may face uncertainty due to regulatory actions affecting the company, which could lead to potential revenue and profit adjustments[20] - The company reported a threefold increase in revenue from wide bandgap and IGBT products compared to the same period last year, despite their current lower revenue share[18] - The Asian market, excluding China, experienced single-digit growth, with notable revenue increases in regions like Korea driven by new energy vehicle demand[16] - The Americas region's revenue grew approximately 14% year-on-year, supported by automotive and industrial demand[16] Tax and Refunds - The company received CNY 748,981,696.19 in tax refunds, compared to CNY 970,604,306.34 in the previous period, reflecting changes in tax policies or operational adjustments[31]