Financial Performance - The company's operating revenue for the third quarter was ¥134,081,892.26, a decrease of 9.98% compared to the same period last year[4] - The total profit for the quarter was ¥1,546,641.29, reflecting a significant decline of 80.83% year-over-year[4] - The net profit attributable to shareholders was ¥2,251,002.92, down 70.23% from the previous year[4] - The net profit after deducting non-recurring gains and losses for the quarter was -¥55,800.75, a decrease of 100.77% compared to the same period last year[4] - The basic earnings per share for the quarter was ¥0.02, a decline of 60.00% year-over-year[5] - The company experienced a 70.85% decrease in total profit for the year-to-date period, totaling ¥17,029,719.73[4] - Total operating revenue for the first three quarters of 2025 was RMB 457.75 million, a decrease of 25% compared to RMB 609.66 million in the same period of 2024[17] - Net profit for the first three quarters of 2025 was RMB 16.34 million, a decline of 68.6% compared to RMB 51.94 million in 2024[18] - Operating profit for the first three quarters of 2025 was RMB 17.07 million, a decrease of 72% from RMB 60.86 million in 2024[17] - Basic earnings per share for the first three quarters of 2025 were RMB 0.11, compared to RMB 0.34 in the same period of 2024[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,891,506,649.32, a decrease of 3.34% from the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to RMB 1,891,506,649.32, a decrease from RMB 1,956,811,650.01 as of December 31, 2024[13] - The company's total liabilities decreased to RMB 688,884,142.36 from RMB 733,404,723.33, reflecting a decline of approximately 6.1%[15] - Total current liabilities decreased to RMB 221,494,277.82 from RMB 270,080,438.76, a reduction of about 18%[15] - The equity attributable to shareholders decreased to RMB 1,202,622,506.96 from RMB 1,223,406,926.68, a decrease of about 1.7%[15] - The non-current assets totaled RMB 1,014,587,035.51, down from RMB 1,080,952,079.64, indicating a decrease of about 6.1%[14] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥105,822,452.35, an increase of 20.92%[4] - Cash flow from operating activities for the first three quarters of 2025 was RMB 105.82 million, an increase of 20.9% compared to RMB 87.52 million in 2024[20] - Cash flow from investing activities for the first three quarters of 2025 was negative RMB 16.82 million, a significant decline from positive RMB 147.35 million in 2024[21] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled RMB 120.65 million, down from RMB 311.24 million at the end of 2024[21] - The company's cash and cash equivalents increased to RMB 140,079,429.34 from RMB 108,902,577.00, reflecting a growth of approximately 28.5%[13] Inventory and Receivables - Accounts receivable rose to RMB 163,535,744.01, up from RMB 148,208,950.23, indicating an increase of about 10.3%[13] - Inventory levels increased to RMB 258,864,827.79 from RMB 250,483,335.27, representing a growth of approximately 3.4%[13] - The company reported a significant increase in prepayments, which rose to RMB 8,118,126.14 from RMB 2,509,823.19, marking an increase of approximately 224%[13] Market Conditions - The company attributed the decline in profits to intensified competition in the pharmaceutical market and fluctuations in downstream customer demand[8] Tax and Other Expenses - The company reported a tax expense of RMB 690,422.36 for the first three quarters of 2025, a significant decrease from RMB 6.47 million in 2024[18] - The company did not report any net profit from subsidiaries under common control for the periods in question[19] - The company has no significant changes in the shareholding structure or related party transactions during the reporting period[12]

Financial Performance - The company's operating revenue for the third quarter was CNY 2,209,790,846.44, a decrease of 5.12% compared to the same period last year[5]. - The net profit attributable to shareholders for the year-to-date period increased by 54.69% to CNY 158,504,018.75[5]. - The net profit excluding non-recurring gains and losses for the year-to-date period rose by 73.61% to CNY 143,324,253.00[5]. - Basic earnings per share for the year-to-date period increased by 53.33% to CNY 0.092[6]. - The total operating revenue for the first three quarters of 2025 was CNY 7,484,828,636.64, a decrease of 1.0% compared to CNY 7,560,235,670.39 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was CNY 211,538,869.17, representing an increase of 44.4% from CNY 146,440,745.71 in the previous year[21]. - The total comprehensive income for the first three quarters of 2025 was CNY 211,329,037.30, compared to CNY 146,290,544.15 in the same period of 2024, indicating a significant increase[22]. - Operating profit for the first three quarters of 2025 reached CNY 374,245,375.34, significantly up from CNY 139,535,825.00 in the first three quarters of 2024, marking an increase of approximately 168%[32]. - Net profit for the first three quarters of 2025 was CNY 374,547,752.00, compared to CNY 138,808,543.58 in the same period of 2024, reflecting a growth of about 170%[32]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period decreased by 37.50% to CNY 661,445,878.34[6]. - The cash flow from investing activities showed a net outflow of CNY 619,405,954.89, worsening from a net outflow of CNY 480,618,855.35 in the previous year[26]. - Cash flow from financing activities resulted in a net outflow of CNY 132,651,402.20, compared to a net inflow of CNY 279,341,087.34 in the same period of 2024[26]. - The company's cash and cash equivalents stood at RMB 1,605,062,335.69, down from RMB 1,660,278,671.77[15]. - The company's cash and cash equivalents at the end of the period were CNY 1,174,832,901.85, down from CNY 1,370,190,296.07 at the end of the previous year[26]. - The company reported an increase in investment income to CNY 42,102,545.14, up from CNY 33,415,822.41 year-over-year, marking a growth of 25.3%[21]. - The company reported an increase in investment income to CNY 417,753,298.62 in the first three quarters of 2025, compared to CNY 194,929,394.56 in the same period of 2024[32]. - The company received $424.18 million in investment income in 2025, a substantial increase from $19.37 million in 2024[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,537,284,924.56, reflecting a slight increase of 0.31% from the end of the previous year[6]. - The equity attributable to shareholders at the end of the reporting period was CNY 5,505,224,974.65, up 2.15% from the previous year-end[6]. - Current assets as of September 30, 2025, totaled RMB 8,336,620,392.11, an increase from RMB 8,259,279,869.84 at the end of 2024[15]. - Total liabilities as of September 30, 2025, were RMB 14,863,256,334.66, slightly up from RMB 14,796,845,228.85 at the end of 2024[17]. - Non-current liabilities decreased to RMB 2,453,582,912.28 from RMB 3,835,315,230.43, a decline of approximately 36.0%[17]. - The company's total assets amounted to RMB 21,537,284,924.56, compared to RMB 21,471,458,316.43 at the end of 2024[16]. - The company's retained earnings improved to -RMB 423,096,005.08 from -RMB 530,128,112.73, indicating a reduction in accumulated losses[17]. - Total current assets as of September 30, 2025, amounted to CNY 10,264,139,182.41, an increase from CNY 9,850,979,057.22 as of December 31, 2024[29]. - Total liabilities as of September 30, 2025, were CNY 13,329,008,955.01, slightly up from CNY 13,257,882,326.66 as of December 31, 2024[30]. - The company’s total equity as of September 30, 2025, was CNY 7,467,469,485.65, an increase from CNY 7,141,393,644.75 as of December 31, 2024[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 88,011[11]. - The largest shareholder, Jizhong Energy Co., Ltd., holds 24.08% of the shares[12]. Operational Efficiency - The company implemented measures to enhance efficiency and reduce costs, contributing to improved profitability[10]. Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[37].

Financial Performance - The company's operating revenue for the third quarter reached ¥1,813,628,004.41, an increase of 16.37% compared to the same period last year[6] - The net profit attributable to shareholders was ¥31,740,657.08, reflecting an 8.28% year-on-year growth[6] - The total profit for the period was ¥46,522,865.36, which is a 1.80% increase from the previous year[6] - The basic earnings per share for the quarter was ¥0.1218, up 8.27% from the same period last year[6] - The weighted average return on equity was 2.87%, an increase of 0.01 percentage points compared to the previous year[6] - The company's net profit for the first three quarters of 2025 reached CNY 92,544,237.67, an increase of 12.0% compared to CNY 82,064,435.79 in the same period of 2024[24] - Operating profit for the first three quarters of 2025 was CNY 115,771,834.34, up from CNY 106,502,583.75 in 2024, reflecting a growth of 11.9%[24] - The total revenue from operating activities in the first three quarters of 2025 was CNY 4,912,497,294.94, compared to CNY 4,235,203,743.15 in 2024, indicating an increase of 15.9%[25] - The company's total comprehensive income for the first three quarters of 2025 was CNY 92,544,237.67, compared to CNY 82,064,435.79 in 2024, marking a growth of 12.0%[24] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,557,270,921.24, representing a 20.37% increase from the end of the previous year[6] - Cash and cash equivalents as of September 30, 2025, amounted to ¥1,106,218,283.89, slightly up from ¥1,083,965,170.59 at the end of 2024[15] - Accounts receivable increased to ¥1,132,709,267.44 as of September 30, 2025, compared to ¥947,913,884.01 at the end of 2024, indicating a growth of 19.5%[17] - Contract assets rose significantly to ¥2,686,070,197.76 in Q3 2025, compared to ¥1,933,632,802.22 in Q3 2024, marking an increase of 38.9%[17] - The total assets of the company reached ¥5,557,270,921.24 as of September 30, 2025, compared to ¥4,616,780,322.11 at the end of 2024, reflecting a growth of 20.4%[18] - The total liabilities increased to ¥4,276,693,836.76 as of September 30, 2025, from ¥3,402,067,523.70 at the end of 2024, representing a rise of 25.7%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥67,344,666.04, down 44.50% year-on-year due to increased costs in construction operations[9] - The cash flow from operating activities for the first three quarters of 2025 was CNY 67,344,666.04, down from CNY 121,352,474.88 in 2024, a decrease of 44.4%[26] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 4,355,376,608.03 in 2025, compared to CNY 2,743,007,949.46 in 2024, representing a growth of 58.5%[26] - The net cash flow from investment activities was negative at CNY -5,165,088.30 for the first three quarters of 2025, an improvement from CNY -18,795,606.62 in 2024[26] Contracts and Revenue Segments - The company signed new contracts totaling ¥10.747 billion, with engineering consulting business contracts increasing by 0.11% and construction business contracts increasing by 149.57% year-on-year[13] - The engineering construction segment saw a significant revenue increase of 149.57%, with total revenue of ¥997,780.59 in Q3 2025 compared to ¥399,799.35 in Q3 2024[14] - The consulting segment's revenue from surveying and design increased by 11.97% year-on-year, totaling ¥49,404.26 in Q3 2025 compared to ¥44,122.22 in Q3 2024[14] Financial Adjustments - The company reported non-recurring gains and losses totaling ¥1,710,538.76 for the quarter[8] - The company incurred a financial expense of CNY -1,292,707.15, which is an improvement from CNY -1,351,538.57 in the previous year[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥887,331,513.39, representing a year-on-year increase of 7.50%[5] - The total profit for the period was ¥6,823,374.42, while the net profit attributable to shareholders was ¥2,234,504.63, reflecting a decrease of 21.26% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 45.25% year-to-date, driven by order growth and increased revenue and gross profit[10] - Total operating revenue for the first three quarters of 2025 reached ¥2,592,277,584.30, an increase of 10.9% compared to ¥2,338,143,584.02 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥40,092,346.21, a decrease of 21% from ¥50,694,124.42 in 2024[22] - The total comprehensive income for the first three quarters of 2025 was ¥37,130,627.05, down from ¥48,205,841.18 in 2024, reflecting a decline of 23.0%[23] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥204,866,246.74, down 24.15% compared to the same period last year[5] - Cash flow from operating activities for the first three quarters of 2025 was ¥204,866,246.74, down from ¥270,086,642.26 in 2024, indicating a decline of 24.1%[27] - Cash flow from investing activities showed a net outflow of ¥735,567,599.09 in 2025, slightly worse than the outflow of ¥723,217,384.04 in 2024[28] - Cash flow from financing activities generated a net inflow of ¥352,612,224.51 in 2025, compared to ¥583,599,681.06 in 2024, a decrease of 39.5%[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,920,529,541.89, an increase of 9.70% from the end of the previous year[6] - The company's current assets totaled ¥3,701,730,144.76, up from ¥3,551,995,155.64, indicating an increase of about 4.21%[16] - Total liabilities reached ¥5,546,857,138.42, compared to ¥4,778,501,093.30, showing an increase of around 16.06%[18] - The long-term borrowings increased to ¥1,785,654,946.87 from ¥1,274,379,561.85, reflecting a significant rise of approximately 40.00%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,213[11] - The equity attributable to shareholders increased by 2.68% to ¥4,373,672,403.47 compared to the end of the previous year[6] - The company's equity attributable to shareholders was ¥4,373,672,403.47, up from ¥4,259,567,260.86, indicating a growth of about 2.67%[18] Earnings and Expenses - The company reported a basic earnings per share of ¥0.00 for the current period, with a year-to-date diluted earnings per share of ¥0.06, down 25.00% year-on-year[5] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.06, compared to ¥0.08 in 2024, a decrease of 25%[23] - Research and development expenses increased to ¥112,888,839.91 in 2025, compared to ¥99,402,332.70 in 2024, marking a 13.6% rise[22] - The company reported a tax expense of ¥6,469,967.98 for the first three quarters of 2025, significantly higher than ¥2,131,302.40 in 2024, indicating an increase of 203.5%[22] Government Subsidies - The company received government subsidies amounting to ¥7,073,270.09 during the period, contributing to its financial performance[8] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[29] Corporate Announcements - The announcement was made by the board of directors of Bomin Electronics Co., Ltd. on October 23, 2025[30]

Revenue and Profitability - Revenue for Q3 2025 reached ¥29,502,391.60, an increase of 30.69% year-over-year, but a decline of 25.28% year-to-date[5] - Net profit attributable to shareholders was ¥1,592,858.32, up 110.41% year-over-year, while year-to-date net profit was a loss of ¥6,633,630.15, a decrease of 21.53%[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.01, reflecting a 112.50% increase year-over-year[5] - Total operating revenue for the current period was ¥72,670,945.59, a decrease of 25.3% compared to ¥97,257,566.13 in the previous period[18] - The net profit for the current period was a loss of ¥6,632,174.88, compared to a loss of ¥7,567,973.85 in the previous period, indicating an improvement of 12.3%[19] - The total comprehensive income for the current period was -¥4,690,612.78, compared to -¥7,567,973.85 in the previous period, showing an improvement of 38.9%[20] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥1,215,619,425.45, a slight increase of 0.30% compared to the end of the previous year[5] - Total current assets amounted to ¥994,012,248.55, slightly up from ¥988,594,966.96[15] - Total liabilities increased to ¥88,420,466.29 from ¥80,050,984.15, representing a rise of 10.5%[16] - Total liabilities include accounts payable of ¥155,461.15, down from ¥364,583.23, a decrease of 57.4%[15] - The total equity attributable to shareholders decreased slightly to ¥1,127,194,704.81 from ¥1,131,886,772.86, a decline of 0.4%[16] Cash Flow and Financial Health - Cash flow from operating activities decreased by 85.34% year-over-year, totaling ¥83,632,419.04 year-to-date[10] - Cash inflows from operating activities totaled ¥380,090,296.70, significantly up from ¥172,889,806.84, marking an increase of 119.9%[21] - The net cash flow from operating activities was $83,632,419.04, a decrease of 85.3% compared to $570,411,235.18 in the previous period[22] - The net cash flow from investing activities was $197,630,146.76, recovering from a negative cash flow of $389,488,209.48 in the previous period[22] - Cash and cash equivalents increased to ¥393,473,453.56 from ¥115,480,004.26, representing a growth of 241.5%[14] - The total cash outflow from financing activities was $3,269,116.50, a significant reduction from $17,665,939.52 in the previous period[22] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 22,737[12] - The number of shareholders holding more than 5% of shares remains stable, with the largest shareholder holding 15.15%[12] - The company has not reported any changes in the status of preferred shareholders or any significant changes in shareholding structure[13] Operational Performance - Accounts receivable increased by 63.55% compared to the beginning of the period, attributed to higher revenue in Q3[8] - Investment income grew by 105.07% year-over-year, driven by increased returns from self-owned funds invested in financial products[9] - The company reported a significant decrease in financial expenses due to lower interest income compared to the previous year[9] - Research and development expenses were ¥11,102,776.87, down from ¥12,633,644.01, a decrease of 12.1%[19] - There are no indications of any new product launches or market expansion strategies discussed in the call[13] Miscellaneous - The company received government subsidies amounting to ¥10,113.00 during the reporting period[6] - The company’s third-quarter financial report was not audited[23]

Financial Performance - The company's operating revenue for the third quarter reached ¥281,439,240.27, representing a year-on-year increase of 20.31%[4] - The total profit for the third quarter was ¥31,440,622.14, showing a significant increase of 87.44% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was ¥2,026,883.66, reflecting a decrease of 82.16% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.0041, down 82.16% from the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,060,722,805.38, an increase of 18.7% compared to ¥893,525,764.69 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥82,154,595.05, compared to ¥80,327,259.54 in 2024, indicating a slight increase of 2.3%[23] - Total comprehensive income for the first three quarters of 2025 reached ¥82,154,595.05, a slight increase from ¥80,327,259.54 in the same period of 2024, representing a growth of 2.28%[24] - The company reported a basic and diluted earnings per share of ¥0.16 for the first three quarters of 2025, up from ¥0.14 in 2024, reflecting a growth of 14.29%[24] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥201,284,927.31, which increased by 47.95% compared to the previous year[4] - The company's cash and cash equivalents increased to ¥296,435,376.70 as of September 30, 2025, compared to ¥116,672,133.81 at the end of 2024[17] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled ¥295,098,692.52, compared to ¥135,999,306.73 at the end of the same period in 2024, marking an increase of 117.91%[28] - Net cash flow from operating activities for the first three quarters of 2025 was ¥201,284,927.31, compared to ¥136,053,785.23 in 2024, indicating an increase of 47.94%[27] - Total cash inflow from operating activities was ¥1,132,450,883.45 in 2025, down from ¥1,197,449,684.17 in 2024, a decrease of 5.42%[26] - Cash outflow from operating activities decreased to ¥931,165,956.14 in 2025 from ¥1,061,395,898.94 in 2024, a reduction of 12.29%[27] - The company incurred cash outflows from financing activities of ¥8,921,932.44 in 2025, significantly lower than ¥254,705,483.04 in 2024, indicating a decrease of 96.49%[27] - Investment activities resulted in a net cash outflow of ¥12,651,299.96 in 2025, compared to a smaller outflow of ¥2,300,178.09 in 2024[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,306[11] - The largest shareholder, Shennong Technology Group Co., Ltd., holds 74,233,468 shares, accounting for 15.17% of total shares[11] - The company has not reported any significant changes in the top 10 shareholders or their shareholding status due to margin trading activities[12] - The company’s controlling shareholder, Shennong Technology Group, plans to increase its stake by investing between ¥50 million and ¥100 million over a 12-month period, having already acquired 2,724,500 shares, representing 0.56%[13] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,460,513,055.05, an increase of 8.11% from the end of the previous year[5] - The company's total assets as of September 30, 2025, amounted to ¥2,460,513,055.05, an increase from ¥2,275,876,460.56 at the end of 2024[20] - Total liabilities increased to ¥788,839,141.46 as of September 30, 2025, compared to ¥685,165,602.02 at the end of 2024, representing a growth of 15.1%[19] - The total equity attributable to shareholders reached ¥1,648,692,320.07 as of September 30, 2025, up from ¥1,569,808,332.85 at the end of 2024, reflecting a growth of 5.0%[20] Tax and Penalties - The decline in net profit for the third quarter was primarily due to a tax payment of ¥23,971,187.08 and late fees totaling ¥5,694,189.20[9] - A subsidiary, Tibet Guangyuyuan Pharmaceutical Co., Ltd., paid a total of ¥29,665,376.28 in tax and penalties, which will impact the company's net profit for 2025[15] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥31,043,139.71, compared to ¥27,910,261.53 in 2024, marking an increase of 11.5%[22] Strategic Focus - The company attributed the profit growth to increased sales and effective cost control measures implemented during the period[9] - The company continues to focus on optimizing product strategy and maintaining performance-driven growth as part of its "1541" strategy[9] Financial Reporting - The company’s financial statements for the quarter ending September 30, 2025, are unaudited[16] - The company’s total assets and liabilities will be detailed in the upcoming audited financial report for 2025[15]

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 江苏联环药业股份有限公司 2025 年第三季度报告 证券代码：600513 证券简称：联环药业 江苏联环药业股份有限公司 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。 单位:元 币种:人民币 | 非经常性损益项目 计入当期损益的政府补助，但与公司正常经营业务密 | 本期金额 | 年初至报告期末金额 | | --- | --- | --- | | 切相关、符合国家政策规定、按照确定的标准享有、 | 3,151,402.11 | 5,363,436.65 | | 对公司损益产生持续影响的政府补助除外 | | | | 除上述各项之外的其他营业外收入和支出 | -226,556.63 | -60,942,655. ...

Financial Performance - The company's operating revenue for the third quarter reached ¥266,812,888.90, an increase of 11.98% compared to the same period last year[4] - The total profit for the quarter was ¥14,309,583.68, reflecting a growth of 3.68% year-over-year[4] - The net profit attributable to shareholders was ¥15,752,851.95, up by 4.96%, while the net profit excluding non-recurring items was ¥14,421,937.47, an increase of 16.14%[4] - Year-to-date revenue as of the end of the reporting period was ¥717,400,113.88, showing a growth of 12.07% compared to the previous year[4] - Net profit for the first three quarters of 2025 was CNY 43,179,886.10, a decrease of 6.5% compared to CNY 46,380,226.09 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was CNY 47,648,790.86, down from CNY 51,485,836.97 in the previous year, reflecting a decline of 7.1%[20] - The company reported a total profit of CNY 46,771,394.69 for the first three quarters of 2025, compared to CNY 51,079,769.04 in 2024, indicating a decline of 8.5%[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,610,529,274.52, representing a 2.41% increase from the end of the previous year[5] - Total assets as of September 30, 2025, were CNY 1,610,529,274.52, an increase from CNY 1,572,693,137.68 at the end of 2024[18] - Total liabilities increased to CNY 415,871,894.03 as of September 30, 2025, compared to CNY 359,615,643.29 at the end of 2024[17] - The company’s total equity as of September 30, 2025, was CNY 1,194,657,380.49, slightly down from CNY 1,213,077,494.39 at the end of 2024[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥100,896,944.13, an increase of 16.72%[5] - Cash flow from operating activities netted CNY 100,896,944.13 in the first three quarters of 2025, an increase of 16.5% from CNY 86,443,612.22 in the same period of 2024[23] - Cash flow from investing activities showed a net outflow of CNY 243,919,363.12 in 2025, an improvement from a net outflow of CNY 271,493,014.85 in 2024[23] - The company received CNY 226,000,000.00 from investment recoveries in the first three quarters of 2025, significantly higher than CNY 92,500,000.00 in 2024, marking an increase of 144.5%[23] Equity and Earnings - The weighted average return on equity for the quarter was 1.33%, a slight increase of 0.06% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.1790, reflecting a growth of 4.99% year-over-year[5] - The basic earnings per share for the first three quarters of 2025 was CNY 0.5081, down from CNY 0.5294 in the same period of 2024, reflecting a decrease of 4.2%[21] Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 685,114,065.15, up 15.0% from CNY 595,588,372.59 in the previous year[19] - Research and development expenses increased to CNY 36,801,864.72 in 2025, a rise of 39.4% compared to CNY 26,420,660.62 in 2024[19] - The company reported a financial expense of CNY 869,341.20 for the first three quarters of 2025, compared to a financial income of CNY 607,841.12 in the same period of 2024[19] - The company’s total cash outflow from financing activities was CNY 160,250,606.25 in 2025, compared to CNY 91,291,288.89 in 2024, showing an increase of 75.7%[24] Non-Recurring Items - The company reported non-recurring gains of ¥1,330,914.48 for the quarter, contributing to the overall financial performance[8]

Financial Performance - The company's operating revenue for Q3 2025 was ¥345,179,582.58, a decrease of 12.17% compared to the same period last year[2] - The total profit for the period was -¥79,241,287.34, reflecting a significant decline of 315.69% year-over-year[2] - The net profit attributable to shareholders was -¥78,508,463.45, down 353.32% from the previous year[2] - Basic earnings per share for the period were -¥0.112, a decrease of 354.55% compared to the same period last year[2] - Net profit for the first three quarters of 2025 was a loss of CNY 27,546,471.83, compared to a profit of CNY 116,626,283.67 in the same period of 2024[19] - Earnings per share (EPS) for the first three quarters of 2025 was -CNY 0.039, down from CNY 0.165 in the same period of 2024[21] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥403,852,005.54, a drastic decline of 1691.43%[2] - Cash flow from operating activities showed a net outflow of CNY 403,852,005.54, contrasting with a net inflow of CNY 25,376,678.78 in the previous year[24] - Net cash flow from investment activities was -329,288,779.09, an improvement from -466,001,126.70 in the previous period[25] - Total cash and cash equivalents at the end of the period decreased to 1,201,189,246.05 from 2,880,152,088.60[25] - Cash outflow from financing activities totaled 99,979,953.17, compared to 93,756,378.08 in the previous period[25] - Cash flow from financing activities resulted in a net outflow of -70,112,479.78, an improvement from -93,756,378.08[25] Assets and Liabilities - Total assets increased by 4.15% to ¥5,697,648,971.22 compared to the end of the previous year[3] - Total current assets as of September 30, 2025, amount to ¥4,645,884,057.69, an increase from ¥4,451,370,073.15 in the previous year[15] - Total liabilities as of September 30, 2025, are ¥904,542,516.14, compared to ¥592,503,982.96 in the previous year[16] - Total assets amount to ¥5,697,648,971.22, up from ¥5,470,493,043.29 year-over-year[15] - The company has no preferred shares or perpetual bonds listed in the non-current liabilities section[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,164[12] - The largest shareholder, Midea Group Co., Ltd., holds 319,579,981 shares, accounting for 45.46% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status[13] Inventory and Receivables - Accounts receivable increased by 81.81%, attributed to changes in product sales structure and credit policy adjustments[9] - Inventory increased by 146.78%, mainly due to stockpiling for centralized procurement projects[10] - Accounts receivable increased to ¥693,079,736.66 from ¥381,205,179.51 year-over-year[15] - The company reported a significant increase in inventory, rising to ¥530,434,151.93 from ¥214,942,655.77[15] Operating Costs and Expenses - Total operating costs increased to CNY 1,236,567,549.40, up 27.1% from CNY 973,078,073.01 year-over-year[18] - The company reported a significant increase in sales expenses, which reached CNY 197,899,218.04, up 26.3% from CNY 156,722,078.95 year-over-year[18] - Research and development expenses rose to CNY 182,109,966.93, a significant increase of 57.5% from CNY 115,518,473.81 year-over-year[18] Investment Performance - Investment income for the first three quarters of 2025 was CNY 3,790,558.47, compared to CNY 2,917,381.98 in the same period of 2024, indicating improved performance in this area[19] - The company received CNY 762,000,000.00 from investment recoveries, an increase from CNY 583,590,000.00 in the previous year, highlighting effective investment management[24] - Cash inflow from investment activities was 765,752,612.22, up from 589,096,890.44[25] - Cash paid for investment activities was 1,042,000,000.00, slightly higher than 1,015,000,000.00 in the previous period[25] Accounting and Reporting - The company will not apply new accounting standards starting from 2025[26] - The board of directors announced the financial results on October 25, 2025[27]

Financial Performance - The company's operating revenue for the third quarter was ¥138,216,124.56, an increase of 4.47% compared to the same period last year[4] - The total profit for the quarter was ¥14,768,874.66, a decrease of 3.22% year-on-year[4] - The net profit attributable to shareholders was ¥12,264,200.37, reflecting a growth of 4.74% compared to the previous year[4] - The net profit attributable to shareholders for the year-to-date was ¥28,977,693.64, an increase of 6.45% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was CNY 28,977,693.64, compared to CNY 27,221,499.80 in 2024, representing a growth of 6.4%[22] Cash Flow - The cash flow generated from operating activities for the year-to-date was ¥40,770,778.60, an increase of 52.45% compared to the previous year[10] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 40,770,778.60, an increase from CNY 26,743,664.77 in 2024[23] - The net increase in cash and cash equivalents for the period was $106,706,280.67, compared to $6,119,373.82 in the previous period, showing significant improvement[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,087,523,605.04, representing a 3.06% increase from the end of the previous year[5] - The total current assets amounted to ¥1,031,377,160.24, up from ¥1,004,727,667.08, indicating an increase of 2.6%[16] - The total liabilities of the company as of the reporting date were CNY 118,279,050.18, a slight decrease from CNY 125,026,722.65 in the previous period[18] - The total equity attributable to shareholders of the parent company was CNY 1,969,244,554.86, compared to CNY 1,900,547,548.83 in the previous year, reflecting an increase of 3.6%[18] Research and Development - Research and development expenses totaled ¥21,802,189.12 for the quarter, accounting for 15.77% of operating revenue, a decrease of 1.57 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 amounted to CNY 66,715,226.72, compared to CNY 63,841,655.47 in 2024, indicating a rise of 4.4%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,450[12] - Favored Tech Corporation Limited holds 62.16% of the shares, totaling 208,533,334 shares[12] Other Financial Metrics - The weighted average return on net assets was 0.64%, an increase of 0.04 percentage points compared to the previous year[5] - The company achieved a gross profit margin of approximately 53.7% in the first three quarters of 2025, compared to 52.5% in the same period of 2024[21] - Basic earnings per share for the first three quarters of 2025 were CNY 0.09, up from CNY 0.08 in the same period of 2024[22] Non-Recurring Gains and Losses - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,687,660.88, down 70.49% year-on-year, primarily due to increased personnel costs related to business transformation[9] - The company reported a total of ¥9,576,539.49 in non-recurring gains for the quarter[8] Investment Activities - Net cash flow from investment activities amounted to $24,783,531.63, compared to $114,702,183.07 in the previous period, indicating a decrease in investment cash flow[24] - Cash outflow from investment activities totaled $374,843,526.71, compared to $1,137,223,461.26 in the previous period, reflecting a reduction in investment spending[24] - Cash inflow from investment activities was $399,627,058.34, compared to $1,251,925,644.33 in the previous period, indicating a decline in cash received from investments[24] Future Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[25]