Financial Performance - The company's operating revenue for the third quarter was ¥5,867,412,623.68, a decrease of 3.45% compared to the same period last year[3]. - The total profit for the period was -¥1,472,799,829.60, with a year-to-date total profit of -¥4,751,105,645.89[3]. - The net profit attributable to shareholders was -¥1,117,508,970.10 for the quarter, and -¥3,425,682,731.47 year-to-date[3]. - The basic and diluted earnings per share for the quarter were both -¥0.20[3]. - Total operating revenue for the first three quarters of 2025 reached ¥15.38 billion, a 56.5% increase from ¥9.82 billion in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was a loss of ¥4.75 billion, compared to a loss of ¥4.43 billion in 2024, indicating a worsening financial position[22]. - The company reported a basic and diluted earnings per share of -¥0.61 for the first three quarters of 2025, compared to -¥0.81 in 2024[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥33,844,097,689.29, reflecting a decrease of 18.29% from the end of the previous year[3]. - The company's current assets decreased to RMB 16,437,377,164.41 from RMB 24,422,765,070.09, indicating a significant reduction in liquidity[13]. - Cash and cash equivalents dropped to RMB 5,492,622,547.57 from RMB 11,851,774,359.23, reflecting a decline of approximately 53.7%[13]. - The total liabilities decreased to ¥28.37 billion as of September 30, 2025, down from ¥31.20 billion at the end of 2024[17]. - The total equity attributable to shareholders of the parent company was ¥2.09 billion as of September 30, 2025, a decrease from ¥5.51 billion at the end of 2024[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 240,100[8]. - The largest shareholder, Beijing Automotive Group Co., Ltd., held 23.14% of the shares, totaling 1,289,912,392 shares[8]. - There are no significant changes in the shareholder structure or any related party transactions reported during the period[11]. Cash Flow and Expenses - Cash inflow from operating activities was ¥17.03 billion in 2025, significantly higher than ¥7.58 billion in 2024, reflecting improved cash generation[26]. - The company experienced a significant increase in tax expenses, totaling ¥177 million in 2025 compared to ¥41 million in 2024[22]. - Total cash outflow from operating activities increased to $16.27 billion in 2025, compared to $8.56 billion in 2024, indicating a 90% rise[28]. - Cash inflow from financing activities decreased to $4.82 billion in 2025 from $6.65 billion in 2024, a decline of approximately 27%[28]. Investments and Borrowings - The company's short-term borrowings increased to RMB 3,845,855,738.51 from RMB 2,288,061,927.76, indicating a rise of approximately 68.2%[15]. - Long-term borrowings decreased significantly to RMB 2,279,180,000.00 from RMB 5,388,580,000.00, a decline of about 57.7%[15]. - The company reported a total non-current asset value of RMB 17,406,720,524.88, up from RMB 16,998,135,409.79, indicating growth in long-term investments[15]. Other Financial Metrics - Non-recurring gains and losses for the quarter totaled ¥21,327,897.86, with year-to-date non-recurring gains and losses amounting to ¥48,712,333.62[5]. - The company had a weighted average return on equity of -42.25% for the quarter, an increase of 17.41 percentage points year-on-year[3]. - Deferred income increased to ¥284 million in 2025 from ¥112 million in 2024, indicating potential future revenue recognition[17]. - The ending cash and cash equivalents balance as of the end of Q3 2025 was $3.56 billion, an increase from $2.77 billion at the end of Q3 2024[28]. Reporting and Compliance - The financial report was announced by the board of directors on October 24, 2025[31]. - The company has not adopted new accounting standards or interpretations for the year 2025[29].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥567.37 million, representing a 19.36% increase compared to ¥475.34 million in the same period last year[4] - The total profit for the quarter was ¥72.73 million, an increase of 11.66% from ¥65.13 million year-over-year[4] - Net profit attributable to shareholders was ¥67.66 million, up 18.15% from ¥57.26 million in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥60.53 million, reflecting a 21.46% increase from ¥49.83 million year-over-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,607,244,514.48, an increase of 14.93% compared to ¥1,398,835,548.27 in the same period of 2024[23] - Net profit for the first three quarters of 2025 was ¥245,496,529.29, representing a 3.00% increase from ¥236,090,665.22 in the same period of 2024[25] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.46, compared to ¥0.45 in the same period of 2024[25] - Operating profit for the first three quarters of 2025 was approximately ¥224.78 million, compared to ¥267.16 million in 2024, reflecting a decrease of 15.8%[35] - Net profit for the first three quarters of 2025 was approximately ¥211.80 million, down 9.1% from ¥233.08 million in 2024[36] Assets and Liabilities - The company's total assets increased by 17.52% to ¥7.43 billion from ¥6.29 billion at the end of the previous year[5] - Total assets as of the end of the reporting period amounted to ¥7,433,780,327.28, an increase from ¥6,325,508,144.86 year-over-year[21] - Total liabilities increased to ¥1,764,198,102.27 from ¥771,933,596.44 in the previous year, indicating a significant rise in financial obligations[20] - Current assets totaled ¥4,113,073,151.21, up from ¥3,557,723,789.41 in the previous year, reflecting improved liquidity[21] - Non-current assets reached ¥3,320,707,176.07, compared to ¥2,767,784,355.45 in the previous year, indicating growth in long-term investments[21] - The company reported a significant increase in accounts payable, which rose to ¥904,552,025.73 from ¥517,721,013.03 year-over-year, suggesting higher operational activity[20] Cash Flow - In the first three quarters of 2025, the company generated cash inflows from operating activities amounting to ¥1,907,634,829.08, an increase of 11.9% compared to ¥1,705,011,734.43 in the same period of 2024[27] - The net cash flow from operating activities for the first three quarters of 2025 was ¥617,659,898.28, up 11.6% from ¥553,363,423.84 in 2024[27] - The net increase in cash and cash equivalents for the first three quarters of 2025 was ¥332,700,571.12, compared to ¥66,185,110.26 in the same period of 2024[28] - The company’s cash outflow from investing activities in the first three quarters of 2025 was ¥610,527,534.51, compared to ¥687,770,175.87 in 2024, showing a decrease of 11.2%[28] - The company reported a net cash outflow from investing activities of approximately ¥725.18 million in the first three quarters of 2025, compared to a net outflow of ¥321.59 million in 2024[38] Shareholder Information - The top shareholder, Ningbo Wanhai Changhong Enterprise Management Partnership, holds 12,504,413 shares, accounting for 2.36% of total shares[15] - The second-largest shareholder, China National Capital Venture Capital Fund, possesses 10,376,383 shares, representing 1.96% of total shares[15] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[17] - There are no known related party transactions among the top shareholders, except for the common control by China Shipbuilding Group[16] Research and Development - Research and development expenses amounted to ¥29.45 million, a slight decrease of 0.91% compared to ¥29.72 million in the same period last year[5] - The ratio of R&D expenses to operating revenue decreased to 5.19% from 6.25% year-over-year[5] - Research and development expenses for the first three quarters of 2025 were approximately ¥84.84 million, a decrease of 9.2% from ¥93.46 million in 2024[34] Other Information - The company completed the acquisition of 100% equity in Huai'an Pairui Gas Co., Ltd., which was accounted for as a business combination under common control[6] - The financial statements for the quarter ending September 30, 2025, are unaudited[17] - The company has not disclosed any significant new strategies or product developments during the reporting period[17] - The company has not adopted new accounting standards for the year 2025[39]

Financial Performance - The company's operating revenue for the third quarter was ¥50.71 billion, a decrease of 2.36% compared to the same period last year[9]. - Total profit for the quarter reached ¥9.17 billion, an increase of 64.37% year-on-year[9]. - Net profit attributable to shareholders was ¥5.61 billion, reflecting a significant increase of 96.40% compared to the previous year[9]. - The basic earnings per share for the quarter was ¥0.26, up 85.71% year-on-year[9]. - Total revenue for the first three quarters of 2025 was approximately ¥145.49 billion, a decrease of 6.8% compared to ¥154.75 billion in the same period of 2024[38]. - Operating profit for the first three quarters of 2025 reached ¥24.16 billion, an increase of 44.1% from ¥16.76 billion in 2024[39]. - Net profit for the first three quarters of 2025 was ¥16.49 billion, up 73.5% from ¥9.52 billion in 2024[39]. - Basic earnings per share for the first three quarters of 2025 were ¥0.67, compared to ¥0.39 in 2024, reflecting a 71.8% increase[39]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥184.19 billion, representing an 8.20% increase from the end of the previous year[9]. - Total assets increased to approximately ¥184.19 billion in 2025 from ¥170.24 billion in 2024, marking an 8.2% growth[36]. - Total liabilities rose to approximately ¥89.46 billion in 2025, compared to ¥84.29 billion in 2024, indicating a 6.9% increase[36]. - Non-current assets totaled approximately ¥91.39 billion in 2025, slightly up from ¥91.06 billion in 2024[36]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥15.86 billion, down 8.20% year-on-year[14]. - Operating cash inflow for the first three quarters of 2025 was CNY 148.15 billion, compared to CNY 154.98 billion in the same period of 2024, reflecting a decrease of approximately 4.5%[41]. - Net cash flow from operating activities increased to CNY 17.28 billion in 2024 from CNY 15.86 billion in 2025, representing a growth of about 8.9%[41]. - Cash outflow from investment activities surged to CNY 17.25 billion in 2024, up from CNY 9.47 billion in 2025, indicating an increase of approximately 82.5%[42]. - Net cash flow from investment activities was negative CNY 8.60 billion in 2024, compared to negative CNY 2.81 billion in 2025, showing a worsening of about 206.4%[42]. - Cash inflow from financing activities rose to CNY 55.96 billion in 2024, compared to CNY 49.89 billion in 2025, marking an increase of approximately 12.5%[42]. - Net cash flow from financing activities improved to negative CNY 7.40 billion in 2024 from negative CNY 9.71 billion in 2025, reflecting a reduction of about 23.8%[42]. - The cash and cash equivalents at the end of the period were CNY 30.67 billion in 2025, compared to CNY 27.12 billion in 2024, indicating an increase of approximately 13.5%[42]. Production and Sales - The company produced 543,376 tons of copper, a 14.14% increase compared to the same period last year, while sales increased by 10.56% to 520,312 tons[21]. - Cobalt production reached 87,974 tons, up 3.84%, but sales dropped by 36.08% to 51,027 tons[21]. - The company reported a revenue of CNY 38.62 billion from copper, with a gross margin of 54.07%, an increase of 1.73 percentage points year-on-year[26]. - The company’s refined metal product sales revenue was CNY 72.17 billion, with a gross margin of 0.34%, a decrease of 2.69 percentage points year-on-year[27]. - The company’s mining and processing segment reported a revenue of CNY 6.18 billion from cobalt, with a gross margin of 63.46%, an increase of 26.97 percentage points year-on-year[26]. Investments and Projects - The company plans to invest USD 1.084 billion in the KFM Phase II project in the Democratic Republic of Congo, expected to be completed by 2027, adding a processing capacity of 7.26 million tons per year[29]. Shareholder Information - The top ten shareholders collectively hold 75.77% of the company's shares, with the largest shareholder owning 24.93%[17]. Research and Development - Research and development expenses increased to ¥331.62 million in 2025, up from ¥224.61 million in 2024, representing a 47.7% increase[38]. Other Financial Metrics - The weighted average return on equity increased to 6.95%, up by 2.29 percentage points compared to the previous year[9]. - The company reported a significant reduction in financial expenses, decreasing from ¥2.56 billion in 2024 to approximately ¥1.03 billion in 2025[38]. - The company’s deferred tax assets increased to approximately ¥2.09 billion in 2025, compared to ¥1.59 billion in 2024, reflecting a 31.5% increase[36]. - The company achieved a Wind ESG "AAA" rating and was listed among the top 100 large-cap companies for the first time[29].

Financial Performance - The company's operating revenue for the third quarter reached ¥399,900,134.71, representing a year-on-year increase of 24.56% and a year-to-date increase of 39.01%[3] - The total profit for the quarter was ¥26,849,644.41, showing a decrease of 14.21% compared to the same period last year, while the year-to-date profit increased by 11.02% to ¥76,854,060.64[3] - The net profit attributable to shareholders was ¥24,175,197.33, down 9.58% year-on-year, but up 15.39% year-to-date[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,089,840,498.04, a 39.0% increase from ¥784,027,638.02 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥70,431,751.75, representing a 18.5% increase compared to ¥59,343,316.78 in the previous year[21] - Operating profit for the first three quarters of 2025 was ¥76,660,043.88, an increase from ¥68,852,309.49 in the same period of 2024[21] - Earnings per share for the first three quarters of 2025 was ¥0.50, compared to ¥0.43 in the same period of 2024[22] Research and Development - Research and development expenses totaled ¥19,949,074.25 for the quarter, an increase of 30.33% year-on-year, and accounted for 4.99% of operating revenue[4] - The company plans to continue investing in research and development, with R&D expenses for the first three quarters of 2025 totaling ¥57,722,603.04, up from ¥41,675,767.39 in the previous year[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥9,890,514.84, indicating a significant decrease of 105.40%[3] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 799,513,038.65, an increase of 18.74% compared to CNY 673,136,872.26 in the same period of 2024[24] - The net cash flow from operating activities was negative at CNY -9,890,514.84, a significant decline from CNY 183,152,564.41 in the previous year[24] - Cash inflow from investment activities totaled CNY 1,436,700,045.16, down 30.61% from CNY 2,070,982,742.40 in the prior year[25] - The net cash flow from investment activities was CNY -172,939,377.80, compared to CNY -1,715,132.76 in the same period last year[25] - Cash inflow from financing activities was CNY 183,451,258.73, an increase of 43.83% from CNY 127,572,448.56 in 2024[25] - The net cash flow from financing activities was CNY -16,894,872.77, an improvement from CNY -84,057,601.41 in the previous year[25] - The total cash and cash equivalents at the end of the period were CNY 286,684,319.56, down from CNY 471,659,913.33 at the end of the same period in 2024[25] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 540,661,753.87, compared to CNY 298,385,266.75 in the previous year, reflecting a 81.06% increase[24] - Cash received from other operating activities increased to CNY 64,656,628.76, up from CNY 16,569,147.75, marking a 289.36% increase[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,686[12] - The largest shareholder, the National Integrated Circuit Industry Investment Fund, holds 20,838,654 shares, representing 14.65% of total shares[12] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,195,598,111.05, reflecting a 7.61% increase from the end of the previous year[4] - Total liabilities amounted to ¥856,957,149.35, an increase from ¥659,346,213.14 year-over-year[21] - Current liabilities rose to ¥665,108,028.15 from ¥581,611,333.96, an increase of about 14.4%[16] - The company's goodwill increased significantly to ¥202,751,298.25 from ¥7,099,450.64, reflecting a substantial rise[16] - The total non-current assets increased to ¥1,486,801,383.62 from ¥1,109,345,306.97, showing a growth of approximately 33.9%[16] Other Financial Metrics - The company reported a diluted earnings per share of ¥0.17 for the quarter, a decrease of 10.53% year-on-year, while the year-to-date figure remained at ¥0.50, an increase of 16.28%[4] - The weighted average return on equity decreased to 1.05%, down 0.12 percentage points from the previous year[4] - The company reported a decrease in other comprehensive income, with a net amount of -¥289,908.01 compared to -¥23,545.56 in the previous year[22] Government Support - The company received government subsidies amounting to ¥687,089.08 during the quarter, contributing positively to its financial performance[6] Strategic Focus - The company emphasized its commitment to increasing market share and technological leadership, particularly in the new energy sector, which has shown stable growth in product shipments despite price declines in the industry[10] Accounting Standards - The company has not yet adopted the new accounting standards, as indicated in the announcement[26]

晨光生物科技集团股份有限公司 2025 年第三季度报告 证券代码：300138 证券简称：晨光生物 公告编号：2025-116 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 晨光生物科技集团股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 1,389,706,738.86 | -19.88% | 5,047,254,465.57 | -3.41 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,150,985,938.17, representing a 19.59% increase compared to ¥962,408,113.13 in the same period last year[5] - Total profit for the quarter was ¥279,341,841.43, an 83.14% increase from ¥152,527,787.76 year-over-year[5] - Net profit attributable to shareholders was ¥252,944,042.74, up 63.49% from ¥154,719,364.85 in the previous year[5] - The company reported a basic earnings per share of ¥0.39, a 69.57% increase compared to ¥0.23 in the same quarter last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,496,425,547.05, a 24.7% increase from ¥2,804,152,959.79 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was ¥699,644,682.21, compared to ¥502,544,058.90 in the same period of 2024, reflecting a growth of 38.9%[25] - Total comprehensive income attributable to the parent company reached CNY 657,595,771.98, up from CNY 520,767,721.75 in the previous year, representing a growth of approximately 26.3%[26] - Basic earnings per share increased to CNY 1.12 from CNY 0.82, reflecting a rise of 36.6% year-over-year[26] Expenses and Costs - Research and development expenses totaled ¥212,588,897.62, a 47.02% increase from ¥144,598,106.77 year-over-year, accounting for 18.47% of revenue[6] - Total operating costs increased to ¥2,719,319,131.22, up 18.0% from ¥2,305,845,578.27 year-over-year[24] - Research and development expenses rose to ¥567,930,252.11, an increase of 29.5% from ¥438,195,952.72 in the previous year[24] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥202,110,558.48, down 55.75% from ¥456,762,947.99 in the same period last year[5] - Cash inflow from operating activities totaled CNY 3,910,922,769.06, compared to CNY 3,185,176,867.82 in the same period last year, marking an increase of about 22.8%[28] - Cash inflow from investment activities amounted to CNY 3,036,295,602.59, significantly higher than CNY 6,601,554.92 in the previous year[29] - Cash and cash equivalents at the end of the period stood at CNY 1,154,344,343.12, down from CNY 1,427,459,512.26 in the previous year[29] - The company reported a net cash outflow from financing activities of CNY -729,264,987.51, compared to CNY -324,363,596.39 in the same period last year[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,950[16] - The largest shareholder, Li Hongjing, holds 37.46% of the shares, totaling 251,052,493 shares[16] - The company's total equity attributable to shareholders increased slightly by 0.20% to ¥3,565,075,087.52 from ¥3,557,794,019.86 at the end of the previous year[6] Assets and Liabilities - Total assets increased by 8.20% to ¥6,824,936,820.48 from ¥6,307,590,501.10 at the end of the previous year[6] - Total liabilities increased to ¥3,428,458,619.01, compared to ¥2,884,826,080.53, marking a rise of 19.0%[20] - The company reported a significant increase in accounts payable, which rose to ¥434,778,908.28 from ¥316,951,128.22, reflecting a growth of 37.1%[20] - Accounts receivable increased to approximately 1.05 billion yuan from 866.75 million yuan[18] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[25] - The company effectively controlled operating expenses, contributing to the growth in net profit[13] - The company reported a significant increase in foreign exchange gains during the reporting period[13]

Financial Performance - The company's operating revenue for the third quarter was CNY 18,022,423,604.47, a decrease of 5.74% compared to the same period last year[5]. - The total profit for the period was CNY 339,997,901.74, while the net profit attributable to shareholders was CNY 127,280,957.66[5]. - The company reported a year-to-date net profit of CNY 139,806,803.60, which represents a decrease of 14.77% compared to the previous year[5]. - For the period of January to September 2025, the company achieved operating revenue of CNY 54.828 billion, a decrease of 14.77% year-on-year[13]. - The total profit for the same period was CNY 632 million, an increase of CNY 2.196 billion compared to the previous year[13]. - The net profit attributable to shareholders was CNY 140 million, an increase of CNY 1.591 billion year-on-year[13]. - Net profit for the first three quarters of 2025 was CNY 487.63 million, a significant recovery from a net loss of CNY 1.58 billion in the same period of 2024[20]. - The gross profit margin improved to 1.4% in 2025 from a negative margin in 2024, indicating a turnaround in profitability[20]. Cash Flow - The cash flow from operating activities increased significantly by 107.45%, amounting to CNY 3,259,486,819.95 year-to-date[9]. - The net cash flow from operating activities reached CNY 3.259 billion, a year-on-year increase of 107.45%[13]. - The company’s cash flow from operating activities for the first three quarters of 2025 showed improvement, reflecting better operational efficiency[22]. - In the first three quarters of 2025, the net cash flow from operating activities was CNY 3,259,486,819.95, an increase of 107.5% compared to CNY 1,571,226,098.75 in the same period of 2024[23]. - Total cash inflow from operating activities decreased to CNY 51,645,659,496.62 in 2025 from CNY 60,139,288,777.59 in 2024, representing a decline of 14.8%[23]. - The total cash inflow from operating activities was impacted by a significant drop in cash received from sales, which fell to CNY 51,214,492,226.44 in 2025 from CNY 59,881,671,737.61 in 2024, a decline of 14.5%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 66,501,337,202.97, reflecting a 0.46% increase from the previous year[6]. - Total liabilities as of September 30, 2025, amounted to CNY 37.99 billion, an increase from CNY 37.24 billion at the end of 2024[18]. - The total equity attributable to shareholders of the parent company was CNY 18.87 billion as of September 30, 2025, slightly up from CNY 18.78 billion at the end of 2024[18]. Shareholder Information - The company has a total of 198,985 common shareholders at the end of the reporting period[10]. - The largest shareholder, Shandong Iron and Steel Group Co., Ltd., holds 40.03% of the shares[11]. - The basic earnings per share for the quarter was CNY 0.0119, compared to CNY 0.0131 for the same period last year[6]. - The company reported a basic and diluted earnings per share of CNY 0.0131 for the first three quarters of 2025, compared to a loss of CNY 0.1361 per share in 2024[21]. Operational Efficiency - The company produced 7.7048 million tons of pig iron and 11.0101 million tons of crude steel during the reporting period[13]. - The gross profit margin increased by 4.97 percentage points compared to the same period last year[13]. - The company reduced comparable costs by CNY 64.39 per ton of steel during the reporting period[14]. - The direct supply ratio to end-users increased by 7.9 percentage points year-on-year[15]. - The company successfully launched a digital transformation project, enhancing 20 core systems by September 30, 2025[15]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 1.20 billion, a decrease of 15.6% from CNY 1.42 billion in 2024[20]. Financing Activities - The cash outflow from financing activities in the first three quarters of 2025 was CNY 8,160,761,980.73, down from CNY 8,857,625,103.37 in 2024, a decrease of 7.8%[24]. - The net cash flow from financing activities was negative CNY 1,645,165,717.79 in 2025, worsening from negative CNY 1,002,229,746.50 in 2024[24]. - The company received CNY 6,515,596,262.94 from borrowings in the first three quarters of 2025, down from CNY 7,621,851,292.54 in 2024, a decrease of 14.5%[23].

1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 厦门艾德生物医药科技股份有限公司 2025 年第三季度报告 证券代码：300685 证券简称：艾德生物 公告编号：2025-048 厦门艾德生物医药科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： □是 否 1 厦门艾德生物医药科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 286,288,423 ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 12,414,363,186.76, an increase of 22.33% compared to the same period last year[4] - The total profit for the quarter was CNY 159,599,561.85, showing a slight decrease of 0.74% year-on-year[4] - The net profit attributable to shareholders was CNY 135,968,926.12, reflecting a growth of 2.12% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 125,200,020.34, a marginal increase of 0.15% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥34,854,997,016.62, an increase of 20.5% compared to ¥29,017,114,456.66 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥620,455,986.48, representing a 12% increase from ¥554,413,994.75 in the same period of 2024[22] - The net profit for the first three quarters of 2025 was CNY 740.12 million, up 24.0% from CNY 596.68 million in the first three quarters of 2024[31] Cash Flow - The cash flow from operating activities showed a significant decline of 182.87%, amounting to a negative CNY 960,082,231.21 for the year-to-date[5][9] - Cash inflow from operating activities for the first three quarters of 2025 reached CNY 38.44 billion, a 21.3% increase compared to CNY 31.75 billion in the same period of 2024[24] - Net cash flow from operating activities was negative CNY 960 million in 2025, contrasting with a positive CNY 1.16 billion in 2024[25] - Total cash inflow from investment activities was CNY 694 million in 2025, up from CNY 552 million in 2024, marking a 25.7% increase[26] - Net cash outflow from investment activities was CNY 1.12 billion in 2025, compared to CNY 592 million in 2024, indicating a significant increase in investment expenditures[26] - Cash inflow from financing activities totaled CNY 10.66 billion in 2025, compared to CNY 9.33 billion in 2024, reflecting a 14.2% increase[26] - Net cash flow from financing activities was CNY 2.30 billion in 2025, a recovery from a negative CNY 17 million in 2024[26] Assets and Liabilities - The total assets increased by 26.43% year-on-year, reaching CNY 22,261,894,673.89[5] - Total assets increased to ¥22,261,894,673.89 in 2025 from ¥17,607,400,232.67 in 2024, reflecting a growth of 26.5%[17] - Total liabilities rose to ¥16,436,287,713.16 in 2025, up from ¥12,098,275,542.30 in 2024, marking an increase of 35.5%[17] - The total liabilities increased to CNY 14.46 billion in 2025 from CNY 10.69 billion in 2024, reflecting a growth of 35.0%[29] - The company's total equity rose to CNY 5.91 billion in 2025, compared to CNY 5.47 billion in 2024, marking an increase of 8.0%[29] Production and Sales - The company reported a lead product output of 501,960.44 tons for the first nine months of 2025, an increase of 18.19% compared to 424,699.67 tons in the same period of 2024[14] - The sales volume of lead products reached 494,615.19 tons, reflecting a growth of 22.02% from 405,370.94 tons year-over-year[14] - The output of cathode copper decreased by 3.26% to 124,043.88 tons from 128,229.76 tons year-over-year[14] - Gold production fell by 14.19% to 9,791.11 kg, down from 11,410.80 kg in the same period last year[14] Equity and Investments - The total equity attributable to shareholders increased by 5.75% to CNY 5,825,165,698.18[5] - The company’s long-term equity investments stood at CNY 78,322,387.53 as of September 30, 2025, slightly up from CNY 77,119,044.70 at the end of 2024[15] - The company reported an investment income of ¥35,887,073.96 for the first three quarters of 2025, a significant recovery from a loss of ¥52,510,877.29 in the same period of 2024[21] - The company experienced a decrease in investment income, reporting CNY 6.20 million in 2025 compared to CNY 39.96 million in 2024[30] Other Financial Metrics - The weighted average return on equity decreased by 0.50 percentage points to 2.35% for the quarter[5] - The company reported a basic earnings per share of CNY 0.1247, up by 2.30% from the previous year[5] - Earnings per share for the first three quarters of 2025 were ¥0.5692, compared to ¥0.5081 in the previous year[22] - The company recorded a fair value loss of CNY 56.31 million in 2025, compared to a loss of CNY 518.31 million in 2024, indicating an improvement in financial performance[31] - Research and development expenses for the first three quarters of 2025 were CNY 210.77 million, slightly down from CNY 213.84 million in the same period of 2024[30] Government Support - The company received government subsidies amounting to CNY 12,557,541.04 during the quarter, contributing positively to its financial performance[7] Related Party Relationships - The company has no known related party relationships among its major shareholders, ensuring independent operations[13]

Financial Performance - The company's revenue for Q3 2025 was ¥382,745,882.18, representing a decrease of 19.21% compared to the same period last year[3] - The total profit for the period was a loss of ¥22,059,075.34, with a year-to-date loss of ¥85,089,868.82[3] - The net profit attributable to shareholders was a loss of ¥44,450,364.57 for the quarter, and a loss of ¥106,627,424.16 year-to-date[3] - Total revenue for the first three quarters of 2025 was CNY 1,052,647,825.02, a decrease of 16.3% compared to CNY 1,257,956,947.39 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 77,987,112.50, compared to a loss of CNY 18,126,330.42 in 2024, indicating increased operational challenges[20] - Net profit for the first three quarters of 2025 was a loss of CNY 107,528,415.24, significantly worse than the loss of CNY 14,615,888.60 in the same period of 2024[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.33, compared to CNY -0.04 in 2024, reflecting a decline in profitability[21] - Net profit for the first three quarters of 2025 was a loss of CNY 74.52 million, compared to a profit of CNY 10.07 million in the first three quarters of 2024[30] Assets and Liabilities - The company's total assets at the end of the period were ¥6,348,923,643.11, a decrease of 5.32% from the end of the previous year[4] - The company's total assets were CNY 6,348,923,643.11, down from CNY 6,705,626,804.65, indicating a contraction in asset base[18] - Total current assets decreased to RMB 5,151,313,227.19 from RMB 5,661,738,294.56, a reduction of about 9.01%[16] - Total liabilities decreased to CNY 1,040,498,464.96 from CNY 1,153,915,845.67, suggesting improved financial management[18] - Total liabilities increased slightly to ¥1,431,000,389.20 from ¥1,417,031,258.73 year-over-year[28] - Total equity decreased to ¥5,189,247,221.01 from ¥5,399,523,275.47 in the previous period[28] Cash Flow - The net cash flow from operating activities was a negative ¥144,602,350.65 year-to-date[3] - Cash inflow from operating activities totaled ¥1,497,439,416.77, a decrease of 7.1% compared to ¥1,612,136,133.23 in the previous period[23] - Cash outflow from operating activities amounted to ¥1,642,041,767.42, down 8.3% from ¥1,790,266,763.20 year-over-year[23] - Cash inflow from investment activities was ¥3,766,052,985.38, a decrease of 20% from ¥4,703,937,643.90 year-over-year[24] - Cash outflow from investment activities totaled ¥3,633,262,224.85, down 16.6% from ¥4,355,970,165.71 in the previous period[24] - Net cash flow from investment activities was positive at ¥132,790,760.53, compared to ¥347,967,478.19 in the previous period[24] - Total cash and cash equivalents at the end of the period were CNY 256.06 million, down from CNY 507.93 million at the end of the same period in 2024[33] Research and Development - Research and development expenses totaled ¥97,873,053.43 for the quarter, accounting for 25.57% of revenue, an increase of 2.39 percentage points year-on-year[4] - The company reported a decrease in research and development expenses to CNY 299,232,963.04 from CNY 341,211,883.26, reflecting a potential shift in focus or budget constraints[20] - Research and development expenses decreased to CNY 186.38 million, down 18% from CNY 227.37 million in the previous year[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,100[11] - The largest shareholder, Jiangsu Guotai International Trade Co., Ltd., holds 62,083,643 shares, accounting for 18.81% of total shares[11] - The company has not received any declarations regarding related party relationships among major shareholders[12] - The top ten shareholders do not participate in margin trading or securities lending[12] Strategic Focus - The company is focusing on cost reduction and efficiency improvement to enhance operational performance amid declining revenues[8] - The company plans to repurchase shares using its own funds, with a total repurchase amount between RMB 30 million and RMB 50 million, at a price not exceeding RMB 42 per share[13] - The company plans to continue focusing on cost control and efficiency improvements to enhance profitability in the upcoming quarters[34]