Financial Performance - The company's revenue for Q3 2025 reached ¥474,007,207.84, representing a year-on-year increase of 16.15%[4] - Total profit for the quarter was ¥168,678,898.44, up 31.64% compared to the same period last year[4] - Net profit attributable to shareholders was ¥146,567,779.33, reflecting a growth of 30.37% year-on-year[4] - The basic earnings per share for the quarter was ¥0.36, an increase of 28.57% compared to the same period last year[5] - The net profit for the year-to-date period was ¥249,931,626.46, up 54.68% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,050,900,781.41, a 33.6% increase from ¥786,306,603.44 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥283,950,302.21, up 56.6% from ¥181,306,947.73 in the previous year[20] - Net profit for the first three quarters of 2025 amounted to ¥252,004,126.26, representing a 55.4% increase compared to ¥162,251,389.24 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.62, compared to ¥0.40 in the same period of 2024[21] Assets and Liabilities - Total assets increased by 17.59% year-on-year, reaching ¥2,713,993,738.78[5] - As of September 30, 2025, the total current assets amounted to RMB 897,249,455.08, an increase from RMB 692,900,694.18 as of December 31, 2024, reflecting a growth of approximately 29.5%[15] - The total non-current assets reached RMB 1,816,744,283.70, compared to RMB 1,615,188,923.96, marking a growth of around 12.5%[16] - Total liabilities as of the reporting date were ¥684,872,028.75, up from ¥483,356,727.05 in the previous year[17] - The total liabilities increased, with accounts payable rising to RMB 290,740,265.69 from RMB 203,007,959.53, reflecting an increase of about 43.2%[16] Cash Flow - Cash flow from operating activities for the first three quarters of 2025 was ¥389,338,228.09, an increase from ¥328,466,138.08 in 2024[22] - Net cash flow from investment activities was -402,777,209.90 for the current period, compared to -85,127,173.95 in the previous period[23] - Total cash inflow from financing activities was 112,469,854.58, significantly higher than 41,080,000.00 in the previous period[23] - Net cash flow from financing activities improved to 19,494,007.78, compared to -278,846,297.25 in the previous period[23] - The net increase in cash and cash equivalents was 8,483,112.66, contrasting with a decrease of -31,763,631.69 in the previous period[23] - The ending balance of cash and cash equivalents was 169,094,498.42, slightly down from 170,902,393.60 in the previous period[23] Research and Development - Research and development expenses totaled ¥31,735,620.40, accounting for 6.70% of revenue, a decrease of 1.19 percentage points from the previous year[5] - Research and development expenses for the first three quarters of 2025 were ¥87,967,987.22, compared to ¥78,174,366.59 in the same period of 2024, indicating a focus on innovation[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,141[12] - Total equity attributable to shareholders reached ¥2,023,693,842.81, an increase from ¥1,821,377,523.67 in 2024[17] - The company has not reported any changes in the top 10 shareholders or any significant events affecting the operational status during the reporting period[14] Inventory and Fixed Assets - The company reported a notable increase in inventory, which rose to RMB 253,544,385.24 from RMB 227,120,901.24, representing an increase of approximately 11.7%[15] - Fixed assets increased to RMB 1,356,654,572.98 from RMB 1,259,852,260.03, showing an increase of about 7.7%[16] - Cash outflow for the acquisition of fixed assets and other long-term assets was 376,507,356.00, compared to 378,679,284.56 in the previous period[23] Other Financial Metrics - The weighted average return on equity rose to 7.44%, an increase of 0.8 percentage points[5] - Other income for the first three quarters of 2025 was ¥16,108,679.41, up from ¥9,830,466.20 in the previous year, reflecting improved financial performance[19] - The impact of exchange rate changes on cash and cash equivalents was an increase of 2,428,086.69, compared to 3,743,701.43 in the previous period[23] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

上海昊海生物科技股份有限公司 2025 年第三季度报告 证券代码：688366 证券简称：昊海生科 上海昊海生物科技股份有限公司 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： 上海昊海生物科技股份有限公司 2025 年第三季度报告 | 加权平均净资产收益率 | 1.66 | 减少 | 个 0.19 | 5.39 | 减少 0.54 | 个百 | | --- | --- | --- | --- | --- | --- | --- | | （%） | | | 百分点 | | | 分点 | | 研发投入合计 | 50,698,539.50 | | -19.19 | 149,099,493.94 | | -20.75 | | 研发投入占营业收入的 | 8.53 | 减少 | 0.83 个 | 7.85 | 减少 1.22 | 个百 | | 比例（%） | | | 百分点 | | | 分点 | | | 本报告期末 | | | 上年度末 | 本报告期末比 上年度末增减 | | | | | | ...

重要内容提示： 安通控股股份有限公司 2025 年第三季度报告 证券代码：600179 证券简称：安通控股 安通控股股份有限公司 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。 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 | 2,152,216,271.60 | 18.85 | 6,536,588, ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥35,590,281.25, representing a slight increase of 0.05% compared to the same period last year[3]. - The total profit for the period was a loss of ¥2,931,026.68, a significant decrease of 79.92% year-on-year[3]. - Net profit attributable to shareholders was ¥577,328.00, showing a substantial increase of 105.46% compared to the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥7,664,811.42, a decrease of 62.73% year-on-year[3]. - The basic earnings per share for the period was ¥0.01, an increase of 112.29% year-on-year[3]. - Net profit for the first three quarters of 2025 was a loss of ¥32,547,744.44, slightly improved from a loss of ¥33,161,952.63 in the same period of 2024[19]. - The company reported a basic and diluted earnings per share of -¥0.25 for both 2025 and 2024[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was a negative ¥49,746,154.09, reflecting a decrease of 53.85% compared to the previous year[3]. - Cash inflows from operating activities totaled ¥192,247,663.14, up from ¥155,269,802.83 in the previous year, marking an increase of 23.8%[20]. - Cash outflows from operating activities decreased to ¥241,993,817.23 from ¥263,051,847.53, a reduction of 8.0%[20]. - The net cash flow from operating activities was -$49.75 million, compared to -$107.78 million in the previous period, showing an improvement[21]. - The net cash flow from investing activities was -$39.33 million, an improvement from -$112.97 million year-over-year[21]. - The net cash flow from financing activities was -$13.03 million, compared to -$19.97 million in the previous period, indicating a reduction in cash outflow[21]. - The company reported a net decrease in cash and cash equivalents of -$102.11 million, compared to -$240.72 million in the previous period[21]. Assets and Liabilities - Total assets at the end of the period were ¥1,897,749,818.01, a decrease of 3.54% from the end of the previous year[4]. - The equity attributable to shareholders was ¥1,740,254,323.57, down by 2.49% compared to the previous year[4]. - As of September 30, 2025, total current assets amounted to RMB 1,268,145,797.32, a decrease from RMB 1,589,080,075.66 as of December 31, 2024[13]. - The company reported a total asset value of RMB 1,897,749,818.01, down from RMB 1,967,381,335.87[14]. - The company's total liabilities decreased to ¥158,685,014.85 from ¥183,753,198.27, a decline of 13.6%[18]. - Total liabilities include accounts payable of RMB 56,645,065.03, down from RMB 68,947,033.87[14]. Research and Development - Research and development expenses totaled ¥17,950,222.99, a decrease of 17.71% compared to the same period last year[4]. - The ratio of R&D expenses to operating revenue was 50.44%, down by 10.89 percentage points year-on-year[4]. - The company reported a significant reduction in research and development expenses to ¥47,907,223.19 from ¥59,184,815.64, a decrease of 19.1%[18]. Inventory and Assets Management - The company’s inventory increased to RMB 137,009,618.10 from RMB 127,476,542.62[13]. - The company holds trading financial assets valued at RMB 737,644,865.76, down from RMB 931,797,827.94[13]. - The company’s non-current assets totaled RMB 629,604,020.69, an increase from RMB 378,301,260.21[14]. - The company has no short-term borrowings reported as of the latest financial statement[14]. Other Information - The company has no significant changes in major shareholders or their holdings reported during the period[12]. - Other income for the first three quarters of 2025 was reported at ¥4,036,705.61, down from ¥15,195,075.74 in the same period of 2024[18]. - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[22].

Revenue and Profit - Revenue for Q3 2025 was CNY 353.93 million, a decrease of 27.32% year-over-year, and year-to-date revenue was CNY 1,066.74 million, down 26.90% compared to the same period last year[3] - Total profit for Q3 2025 was a loss of CNY 135.09 million, with a year-to-date total profit loss of CNY 390.10 million[3] - Net profit attributable to shareholders for Q3 2025 was a loss of CNY 115.44 million, and year-to-date net profit loss was CNY 332.87 million[3] - Operating profit for the first three quarters of 2025 was CNY -390,638,877.83, slightly worse than CNY -390,249,872.73 in the same period of 2024[16] - The company reported a net loss of CNY 390,097,084.08 for the first three quarters of 2025, compared to a loss of CNY 393,780,528.36 in the same period of 2024[16] - The net profit for the first three quarters of 2025 was -332,868,008.16 RMB, slightly worse than the -331,261,643.80 RMB reported in the same period of 2024, indicating a marginal decline in performance[17] Expenses - Research and development expenses for Q3 2025 totaled CNY 26.46 million, an increase of 43.29% year-over-year, representing 7.48% of revenue[3] - Research and development expenses for the first three quarters of 2025 were CNY 80,078,020.24, an increase from CNY 70,044,823.98 in the previous year[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,824.30 million, a decrease of 12.62% from the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 6,824,303,778.06, a decrease from CNY 7,810,250,983.40 at the end of 2024[14] - Current assets totaled CNY 3,690,916,823.10, down 20% from CNY 4,590,387,979.66 at the end of 2024[12] - Current liabilities were CNY 1,581,016,779.78, a decrease of 44% compared to CNY 2,813,730,474.54 at the end of 2024[13] - Long-term borrowings increased to CNY 1,107,860,175.73 from CNY 523,755,100.00 in the previous year[14] Cash Flow - The net cash flow from operating activities for Q3 2025 was a negative CNY 100.56 million[3] - Operating cash flow for the first three quarters of 2025 was -137,374,911.76 RMB, a significant improvement compared to -1,674,094,290.01 RMB in the same period of 2024[19] - Total cash inflow from operating activities decreased to 1,319,458,011.75 RMB, down 34.6% from 2,017,088,875.38 RMB in the previous year[19] - Cash outflow from operating activities also decreased to 1,456,832,923.51 RMB, down 60.6% from 3,691,183,165.39 RMB in the same period of 2024[19] - The company reported cash flow from investing activities of -354,084,073.44 RMB, worsening from -101,283,957.57 RMB in the previous year[20] - Cash flow from financing activities showed a net outflow of -184,548,523.28 RMB, compared to a net inflow of 1,049,603,321.43 RMB in the same period of 2024[20] - The total cash and cash equivalents at the end of the period stood at 1,550,600,114.28 RMB, down from 2,022,669,815.39 RMB at the end of the previous year[20] - The company's cash and cash equivalents decreased to CNY 1,558,006,473.23 from CNY 2,232,164,441.16 at the end of 2024[12] Shareholder Information - Shareholders' equity attributable to shareholders was CNY 4,085.87 million, down 7.53% from the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 16,899[9] Performance Metrics - The weighted average return on net assets was -2.46%, an increase of 0.28 percentage points year-over-year[3] - Basic and diluted earnings per share for the period were both -0.65 RMB, slightly better than -0.66 RMB in the same period of 2024[17] Accounting and Reporting - The company did not report any net profit from subsidiaries prior to consolidation, indicating no contribution from merged entities[17] - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[21]

Financial Performance - The company's operating revenue for the third quarter was ¥243,878,259.04, a decrease of 0.34% compared to the same period last year[4] - Total profit for the quarter reached ¥24,795,009.17, reflecting an increase of 16.12% year-over-year[4] - Net profit attributable to shareholders was ¥22,531,660.24, up 18.48% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥20,987,244.66, which is a 12.50% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 741.80 million, a decrease of 4.84% compared to CNY 779.50 million in the same period of 2024[17] - Total operating costs decreased by 6.00% to CNY 678.62 million from CNY 721.85 million year-over-year[17] - Net profit for the first three quarters of 2025 increased by 15.00% to CNY 65.00 million, compared to CNY 56.62 million in the same period of 2024[18] - The company’s total profit for the first three quarters of 2025 was CNY 72.00 million, an increase from CNY 64.58 million in the same period of 2024[18] Assets and Liabilities - The company's total assets at the end of the quarter were ¥1,383,814,277.10, a decrease of 0.92% from the end of the previous year[5] - The company's total equity rose to RMB 1,163,950,079.68, up from RMB 925,235,586.01, reflecting an increase of approximately 25.7%[15] - Total current liabilities decreased significantly to RMB 199,980,863.55 from RMB 450,712,479.76, indicating a reduction of about 55.6%[15] - The company's total liabilities decreased to RMB 219,864,197.42 from RMB 471,384,949.20, a significant reduction of approximately 53.3%[15] Shareholder Information - Shareholders' equity attributable to the company increased by 25.78% to ¥1,164,576,172.51 compared to the end of the previous year[5] - Basic earnings per share for the quarter were ¥0.15, representing a 7.14% increase year-over-year[4] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.44, up from CNY 0.43 in the same period of 2024[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥72,569,046.62, down 25.50% compared to the previous year[4] - Cash flow from operating activities generated a net amount of CNY 72.57 million, down from CNY 97.40 million in the previous year[22] - The company received government subsidies amounting to ¥2,056,283.49 during the quarter, contributing to its financial performance[7] - The company reported an increase in investment income to CNY 1.99 million, compared to CNY 1.10 million in the previous year[17] Inventory and Receivables - The company's inventory decreased to RMB 180,216,299.03 from RMB 205,146,055.71, a decline of about 12.2%[13] - The accounts receivable decreased to RMB 147,039,020.52 from RMB 163,040,725.56, showing a reduction of approximately 9.8%[13] Other Financial Metrics - The weighted average return on net assets was 2.01%, a decrease of 0.32 percentage points compared to the same period last year[4] - The company's long-term assets totaled RMB 530,231,261.76, down from RMB 563,585,536.99, a decrease of about 5.9%[14] - The company's retained earnings increased to RMB 502,738,170.22 from RMB 458,619,556.68, reflecting a growth of about 9.6%[15] - The company reported a significant increase in capital reserves to RMB 454,834,950.51 from RMB 241,814,569.94, an increase of approximately 88.1%[15] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 34.34 million, slightly down from CNY 35.60 million in the same period of 2024[17] Accounting Standards - The new accounting standards or interpretations will be first implemented starting from 2025, affecting the financial statements at the beginning of the year[24]

Revenue and Profit - Q3 2025 revenue decreased by 8.64% year-on-year to CNY 1,896,938,283.05, while year-to-date revenue increased by 0.18% to CNY 5,957,578,093.93[3] - Total profit for Q3 2025 increased by 83.00% year-on-year to CNY 142,879,992.94, and year-to-date profit rose by 83.13% to CNY 441,974,021.04[3] - Net profit attributable to shareholders for Q3 2025 was CNY 124,045,072.38, up 75.64% year-on-year, with year-to-date net profit increasing by 89.77% to CNY 379,960,204.96[3] - Basic earnings per share for Q3 2025 was CNY 0.059, reflecting a 78.79% increase year-on-year, while year-to-date earnings per share rose by 94.62% to CNY 0.181[3] - Total operating revenue for the first three quarters of 2025 reached ¥5,957,578,093.93, a slight increase from ¥5,947,142,348.61 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥381,443,161.29, up from ¥186,387,403.32 in 2024, showcasing strong financial performance[18] Cash Flow - Net cash flow from operating activities for Q3 2025 was CNY 87,474,709.38, a significant increase of 162.38% year-on-year, with year-to-date cash flow rising by 130.16% to CNY 295,634,718.98[3] - Net cash flow from operating activities for the first three quarters of 2025 was CNY 295,634,718.98, compared to CNY 128,447,134.44 in 2024, reflecting a significant increase of 130.1%[21] - Cash inflow from investment activities totaled CNY 1,532,814,308.36 in 2025, a substantial rise from CNY 114,201,324.08 in 2024[21] - Cash outflow for investment activities was CNY 1,834,666,333.26, compared to CNY 569,479,948.48 in the previous year, resulting in a net cash flow from investment activities of -CNY 301,852,024.90[22] - Total cash inflow from financing activities was CNY 5,842,483,596.96, an increase from CNY 4,202,340,574.84 in 2024[22] - Net cash flow from financing activities for the first three quarters of 2025 was CNY 325,342,808.55, down from CNY 515,902,176.99 in the previous year[22] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 15,591,836,834.01, representing a 1.21% increase from the end of the previous year[4] - Total assets as of September 30, 2025, amounted to 3.81 billion, a decrease from 5.13 billion at the end of 2024[13] - Total liabilities decreased slightly to ¥6,891,833,489.87 from ¥6,997,832,132.66, reflecting effective debt management[15] - Shareholders' equity attributable to the parent company increased by 2.28% year-on-year to CNY 8,577,552,880.90[4] - Shareholders' equity increased to ¥8,700,003,344.14 from ¥8,407,622,620.84, demonstrating enhanced shareholder value[15] Other Financial Metrics - Non-recurring gains and losses for Q3 2025 totaled CNY 6,125,342.85, with year-to-date non-recurring gains and losses amounting to CNY 17,872,772.48[6] - The company reported a 62.73% increase in asset impairment losses, primarily due to increased provisions for inventory depreciation[7] - Research and development expenses for the first three quarters were ¥298,387,854.19, down from ¥333,418,547.63, indicating a potential shift in R&D strategy[17] - The company achieved a financial income of ¥136,434,423.73, significantly higher than ¥42,766,401.68 in the previous year, reflecting improved investment performance[17] - Other comprehensive income after tax amounted to ¥77,608,626.22, a decrease from ¥205,612,464.23, suggesting fluctuations in investment valuations[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,309[10] - The largest shareholder, Anhui Wanwei Group, holds 33.24% of the shares[11] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[23]

Financial Performance - Net profit for Q3 2025 was RMB 1,801,650,000, reflecting a 20.49% increase compared to the same period last year[4] - Basic earnings per share increased by 22.50% to RMB 0.49 for Q3 2025[4] - The net profit for the first nine months of 2025 was CNY 5.196 billion, an increase of CNY 490 million, marking a growth of 10.42% year-on-year[21] - The bank's net profit for the nine months ended September 30, 2025, reached RMB 5,195,833 thousand, up 10.4% from RMB 4,705,500 thousand in 2024[31] - Total comprehensive income attributable to shareholders for the nine months ended September 30, 2025, was RMB 2,903,954, a decrease of 40.8% compared to RMB 4,906,837 in 2024[32] Income and Revenue - Operating income for Q3 2025 reached RMB 4,080,754,000, up 17.38% year-on-year[4] - The operating income for the same period was CNY 11.740 billion, up CNY 1.106 billion, with a growth rate of 10.40%[21] - The bank's total operating income for the nine months ended September 30, 2025, was RMB 11,740,161 thousand, an increase of 10.4% from RMB 10,634,474 thousand in 2024[30] - Net interest income for the nine months ended September 30, 2025, was RMB 9,120,058 thousand, an increase of 15.2% compared to RMB 7,915,024 thousand in the same period of 2024[30] - The bank's investment income for the nine months ended September 30, 2025, was RMB 2,340,579 thousand, an increase of 25% from RMB 1,874,157 thousand in 2024[30] Assets and Liabilities - Total assets increased by 19.39% year-on-year, reaching RMB 1,022,749,648,000 as of September 30, 2025[4] - Total liabilities rose to RMB 956,747,743 thousand as of September 30, 2025, compared to RMB 792,877,922 thousand in 2024, marking an increase of approximately 20.7%[27] - Customer loans and advances rose by 18.10% year-on-year, totaling RMB 520,384,849,000[4] - The bank's loan and advance balance increased to RMB 505,779,026 thousand in 2025, up from RMB 427,263,845 thousand in 2024, reflecting a growth of 18.3%[26] Capital and Ratios - The capital adequacy ratio stood at 12.60% as of September 30, 2025, down from 14.46% at the end of 2024[9] - The core Tier 1 capital adequacy ratio was 8.57%, down 1.31 percentage points from the end of the previous year, meeting regulatory requirements[22] - The weighted average return on equity increased to 11.95%, up 1.38 percentage points year-on-year[4] Cash Flow - The net cash flow from operating activities for the first nine months of 2025 was RMB 54,368,226,000[4] - Cash flow from operating activities generated a net cash inflow of RMB 54,368,226 for the nine months ended September 30, 2025, compared to a net outflow of RMB 32,384,875 in 2024[36] - Cash inflow from investment activities for the nine months ended September 30, 2025, was RMB 91,260,394 thousand, an increase of 13.5% compared to RMB 80,110,285 thousand in 2024[39] - Cash outflow for repayment of debts for the nine months ended September 30, 2025, was RMB 122,590,000 thousand, an increase from RMB 116,390,000 thousand in 2024[40] Shareholder Information - The proposed cash dividend is CNY 1.684 per 10 shares, totaling CNY 585.12 million, which accounts for 11.99% of the net profit attributable to ordinary shareholders for the first three quarters[23] - The total number of ordinary shareholders was 36,303, with the top ten shareholders holding a combined 82.68% of the shares[3] - The total number of pledged shares was 123.14 million, accounting for 3.54% of the total share capital[19]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,316,567,226.06, representing a year-on-year increase of 1.36%[2] - The total profit for the period was CNY 303,996,603.58, reflecting a growth of 4.61% compared to the same quarter last year[2] - The net profit attributable to shareholders was CNY 203,748,060.50, which is a decrease of 1.91% year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 201,794,461.18, showing an increase of 7.17% compared to the previous year[2] - Total operating revenue for the first three quarters of 2025 was CNY 7,185,532,880.03, a decrease of 1.43% compared to CNY 7,289,344,227.71 in the same period of 2024[27] - Net profit for the first three quarters of 2025 was CNY 694,231,893.72, compared to CNY 755,087,647.53 in 2024, indicating a decline of 8.06%[28] - Earnings per share for the first three quarters of 2025 was CNY 0.36, down from CNY 0.39 in the same period of 2024[29] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 24,751,006,122.37, down 2.03% from the end of the previous year[3] - Total assets decreased to CNY 24,751,006,122.37 in 2025 from CNY 25,264,416,097.26 in 2024, a reduction of 2.02%[25] - Total liabilities decreased to CNY 15,196,185,467.81 in 2025 from CNY 15,702,920,133.21 in 2024, reflecting a decline of 3.22%[25] - Non-current liabilities increased to CNY 1,423,976,304.34 in 2025 from CNY 1,023,194,729.43 in 2024, an increase of 39.2%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 568,683,764.12, which decreased by 35.45%[6] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 4,941,824,025.42, a decrease of 1.27% compared to CNY 5,005,511,141.52 in the same period of 2024[31] - The net cash flow from operating activities was CNY 568,683,764.12, down 35.36% from CNY 881,034,253.22 in the previous year[31] - The cash inflow from investment activities reached CNY 10,054,330,037.72, significantly increasing from CNY 5,191,576,432.85 in 2024[31] - The net cash flow from investment activities was CNY 1,005,414,542.67, a turnaround from a negative CNY 2,630,694,898.23 in the previous year[31] - Cash inflow from financing activities totaled CNY 3,554,097,547.74, down 44.24% from CNY 6,453,059,380.25 in 2024[32] - The net cash flow from financing activities was negative at CNY -897,910,028.01, compared to a positive CNY 1,098,842,060.56 in the same period last year[32] - The total cash and cash equivalents at the end of the period amounted to CNY 2,208,359,458.78, an increase from CNY 2,106,593,297.48 in 2024[32] Research and Development - The company completed a total of 52 research projects by the end of September 2025, focusing on enhancing core competitiveness in the chemical, new energy, and metallurgy sectors[11] - The company holds a total of 752 valid patents, including 145 invention patents, as of September 2025, emphasizing its commitment to intellectual property protection and technological innovation[14] - The company reported a decrease in research and development expenses to CNY 233,479,531.12 in 2025 from CNY 280,181,606.22 in 2024, a reduction of 16.67%[28] Strategic Initiatives - A significant milestone was achieved with the signing of a hydrogen smelting project for an overseas iron ore plant, marking a strategic advancement in the global hydrogen reduction smelting market[11] - The company has developed a large multi-axis compressor and high-pressure single-axis compressor for carbon capture, utilization, and storage (CCUS) in alignment with national carbon neutrality goals[12] - By the end of September 2025, the company had approved and published a total of 136 standards to drive market competitiveness and innovation[12] - The company signed a contract for a 400,000-ton adiponitrile centrifugal compressor set, reinforcing its leading position in the industry and paving the way for new material markets[13] - A major contract was secured for a natural gas pipeline compressor set, which is the largest power and highest pressure electric-driven compressor set, enhancing the company's influence in the natural gas pipeline market[13] - The company successfully signed a comprehensive utilization project for sintering waste heat, showcasing its ability to provide value through advanced technology in the metallurgy sector[15] - The company is focused on providing rapid and efficient domestic replacement services for large equipment control systems, receiving high praise from users for its project delivery[15] - The company is expanding its service business into petrochemical and coal chemical sectors, replicating its metallurgical energy efficiency service solutions[16] Operational Developments - In the first three quarters of 2025, QinFeng Gas achieved record high revenue and liquid production compared to the same period in previous years[17] - The company is advancing the trial operation of Hami QinFeng Gas and Lingyuan QinFeng Gas, which are set to commence production soon[17] - The company has obtained a pharmaceutical production license for medical liquid oxygen at Zhangqiu Gas and Tongling Gas[17] - The company has launched a digital twin engineering quantity accounting and safety information platform to improve service standardization and accuracy[20] - The company has been recognized as a "Leader" in industrial data governance and received the "Pioneer Enterprise Award" for long-term energy storage[22] - The company has developed a market demonstration model for the first set of compressed air energy storage operation simulation systems, supporting future project implementations[19]

Financial Performance - The company's revenue for the third quarter reached ¥38,049.81 million, representing a year-on-year increase of 25.85%[4] - The total profit for the quarter was ¥5,048.03 million, up 52.95% compared to the same period last year[4] - Net profit attributable to shareholders was ¥4,508.40 million, reflecting a 47.02% increase year-on-year[4] - The net profit excluding non-recurring gains and losses for the quarter was ¥4,161.27 million, an increase of 50.10% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.07, a 75.00% increase from the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,005,581,699.14, an increase of 19% compared to ¥844,645,501.99 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥116,186,423.86, compared to ¥85,718,340.76 in 2024, representing a growth of 36%[21] - Net profit for the first three quarters of 2025 was ¥104,795,175.33, an increase of 33% from ¥78,874,871.54 in the same period of 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.16, up from ¥0.12 in 2024[22] Research and Development - Research and development expenses totaled ¥3,072.24 million, accounting for 8.07% of revenue, a decrease of 0.63 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 amounted to ¥86,072,266.07, compared to ¥72,776,198.13 in 2024, indicating a 18% increase[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥470,803.04 million, a 2.99% increase from the end of the previous year[5] - Total assets as of the end of the reporting period were ¥4,708,030,361.47, compared to ¥4,571,295,444.79 at the end of 2024[19] - Total liabilities increased to ¥585,448,371.67 from ¥430,179,712.19 in the previous year, marking a 36% rise[19] - Non-current assets totaled ¥3,275,892,803.64, up from ¥2,717,615,081.95 in 2024, reflecting a 21% increase[19] Shareholder Information - Total shareholders at the end of the reporting period reached 16,800[12] - The largest shareholder, SILICON TECHNOLOGY INVESTMENT (CAYMAN) CORP., holds 319,624,122 shares, accounting for 48.03% of total shares[12] - The second-largest shareholder, 河南兴港融创创业投资发展基金 (Limited Partnership), holds 198,737,316 shares, representing 29.86%[12] Cash Flow and Investments - The company's cash and cash equivalents decreased to ¥764,751,964.68 from ¥1,304,355,106.02 year-over-year[17] - Operating cash inflow from sales reached approximately $884.66 million, up from $793.66 million, reflecting a year-over-year increase of about 11.4%[25] - Net cash flow from operating activities amounted to $298.35 million, compared to $283.06 million in the previous period, indicating a growth of approximately 5.4%[25] - Total cash outflow from investment activities was $821.81 million, significantly higher than $217.81 million, resulting in a net cash flow from investment activities of -$821.75 million[26] - Cash inflow from financing activities totaled $358.42 million, a decrease from $1.46 billion, leading to a net cash flow from financing activities of -$54.92 million[26] - The company's cash and cash equivalents at the end of the period stood at $683.06 million, down from $1.29 billion, reflecting a decrease of approximately 46.9%[26] Market Demand and Production Capacity - The company reported a significant increase in demand for power devices and simulation chips, contributing to the revenue growth[10] - The company is actively expanding its production capacity for 12-inch silicon wafers, which is expected to enhance its market position[10] - The company has seen a recovery in demand for its products, particularly in the 55nm and 28nm segments, driving sales and profitability[10] Other Financial Information - The company has ongoing construction projects valued at ¥550,549,036.78, significantly up from ¥151,936,998.13[17] - Other non-current financial assets include debt investments of ¥10,160,625.00[17] - The impact of exchange rate changes on cash and cash equivalents was a positive $1.22 million, down from $3.28 million[26] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[27]