Revenue and Profitability - Revenue for Q3 2025 was CNY 6,207,925,023.43, a decrease of 31.73% year-over-year[5] - Net profit attributable to shareholders was CNY -231,442,673.09, representing a 79.12% decline compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -439,113,075.82, a 60.83% decrease year-over-year[5] - The company reported a basic earnings per share of CNY -0.05, a decline of 78.71% year-over-year[5] - Net loss attributable to shareholders was ¥3.10 billion, compared to a loss of ¥1.42 billion in the previous period, representing a significant increase in losses[21] - The company reported a basic and diluted earnings per share of -¥0.71, compared to -¥0.33 in the previous period, reflecting worsening financial performance[21] - The company reported a total comprehensive loss of ¥2.46 billion, compared to a loss of ¥805.55 million in the previous period, highlighting ongoing financial challenges[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 143,253,022,296.16, down 11.44% from the end of the previous year[5] - Total liabilities decreased to ¥128.33 billion from ¥144.44 billion, a reduction of approximately 11.2%[19] - Total equity decreased to ¥14.93 billion from ¥17.33 billion, a decline of approximately 13.9%[19] - The company's current assets decreased from CNY 143.85 billion to CNY 126.03 billion, representing a decline of about 12.4%[18] - Cash and cash equivalents decreased from CNY 2.81 billion to CNY 2.17 billion, a reduction of approximately 22.6%[18] - The company's inventory decreased significantly from CNY 110.73 billion to CNY 95.03 billion, a decline of around 14.3%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -579,609,034.63, an increase of 38.04% in outflow compared to the previous year[5] - Operating cash flow for the period was negative at -$579.61 million, compared to -$935.39 million in the previous period, indicating an improvement of approximately 38%[24] - Total cash inflow from operating activities was $6.12 billion, down from $9.37 billion, reflecting a decrease of about 35%[24] - Cash outflow from operating activities totaled $6.70 billion, compared to $10.31 billion, marking a reduction of approximately 35%[24] - The net increase in cash and cash equivalents was -$641.01 million, compared to -$2.04 billion, showing a significant improvement[25] - The ending balance of cash and cash equivalents was $1.34 billion, down from $3.05 billion, reflecting a decrease of about 56%[25] Shareholder Information - The company recorded a total of 144,623 common shareholders at the end of the reporting period[10] - Shareholders' equity attributable to the parent company was CNY 11,881,680,841.78, a decrease of 20.02% compared to the end of the previous year[5] Investment and Income - Investment income improved to CNY -34,747,966.18, a 93.58% increase compared to the same period last year[11] - The company reported a significant increase in other income, reaching CNY 143,789,325.75, up 382.68% year-over-year[8] Strategic Initiatives - The company plans to implement a debt restructuring plan, utilizing up to 20% equity of its "Zhi Xiang Platform" valued at CNY 46 billion to address debts totaling up to CNY 9.2 billion[15] - The "Zhi Xiang Platform" is projected to have a valuation of CNY 34 billion, with up to 20% equity offered to creditors in exchange for debts up to CNY 6.8 billion[15] - The company aims to enhance its light asset operation capabilities and increase revenue and profit contributions from non-real estate sectors[14] - The company has identified potential asset integration opportunities within its hotel management and commercial management subsidiaries to improve financial stability[14] Other Financial Metrics - The company experienced a significant increase in interest expenses, rising to ¥1.04 billion from ¥1.22 billion, a decrease of approximately 14.7%[20] - Other comprehensive income after tax increased to ¥93.31 million from ¥75.74 million, indicating a positive trend in this area[21] - Cash flow from operating activities was not detailed in the provided data, indicating a need for further analysis[22] - The company did not undergo an audit for the third quarter financial report[26] - The financial report for the third quarter was not audited, indicating a potential area for investor scrutiny[26]

Financial Performance - The company's revenue for Q3 2025 was ¥502,131,635.99, a decrease of 23.05% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥30,182,150.43, down 42.24% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥27,112,888.08, reflecting a decline of 47.67% compared to the previous year[5]. - Total operating revenue for the current period is ¥1,657,370,679.06, down from ¥2,100,404,211.77 in the previous period, representing a decrease of approximately 21%[20]. - Net profit for the current period is ¥91,966,263.39, compared to ¥168,155,001.37 in the previous period, indicating a decline of approximately 45%[22]. - Basic earnings per share for the current period is ¥0.01, down from ¥0.03 in the previous period, indicating a decline of 67%[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,983,721,950.50, a decrease of 8.09% from the end of the previous year[5]. - The company's total assets decreased to ¥5,983,721,950.50 from ¥6,510,125,085.01, a reduction of about 8%[18]. - Total liabilities decreased to ¥5,167,219,351.51 from ¥5,785,588,749.41, reflecting a decline of approximately 11%[18]. - Total current assets decreased from 560,714,589.28 yuan to 372,634,584.50 yuan, a decline of approximately 33.5%[16]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥333,851,411.68, a decrease of 41.40% compared to the same period last year[5]. - Cash flow from operating activities for the current period is ¥1,712,100,840.75, down from ¥1,945,971,262.34 in the previous period, a decrease of approximately 12%[24]. - The net cash flow from operating activities was $333,851,411.68, a decrease of 41.4% compared to $569,722,843.80 in the previous period[25]. - The total cash and cash equivalents at the end of the period were $76,600,245.35, down from $192,197,372.89 in the previous period[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 277,402[12]. - The largest shareholder, Li Yongxin, holds 14.38% of shares, totaling 886,907,232 shares, with 671,958,502 shares pledged[12]. - The second-largest shareholder, Wang Zhendong, holds 6.05% of shares, totaling 373,242,834 shares, with 280,400,000 shares pledged[12]. - The largest unrestricted shareholder, Wang Zhendong, holds 373,242,834 shares of common stock[13]. Expenses and Costs - The company reported a significant reduction in management expenses by 29.37% to ¥212,566,347.54, attributed to cost-cutting measures[9]. - Total operating costs for the current period are ¥1,535,559,482.66, a decrease from ¥1,865,107,085.68, reflecting a reduction of about 18%[21]. - The company reported a significant increase in research and development expenses to ¥110,129,486.33 from ¥154,187,410.04, a decrease of about 29%[21]. Inventory and Fixed Assets - The company recorded a 100% increase in inventory, primarily due to the introduction of AI learning machine business[9]. - The company reported a 1077.06% increase in cash paid for acquiring fixed assets, attributed to payments for the Changping project[10]. Legal Matters - The company is involved in ongoing legal matters with a total amount involved of 1.1707 million yuan[14]. Other Information - The company has no preferred shareholders or related transactions reported during the period[14]. - The company’s long-term borrowings increased slightly to ¥571,000,000.00 from ¥558,930,000.00, reflecting a growth of approximately 2%[18]. - The company did not undergo an audit for the third quarter financial report[26]. - The new accounting standards will not be applicable for the company starting from 2025[26].

Financial Performance - The company's operating revenue for the third quarter reached ¥57,771,993.43, an increase of 37.94% compared to the same period last year[5] - The net profit attributable to shareholders was -¥7,377,878.22, a decrease of 2.77% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,380,195.44, down 1.21% from the previous year[5] - The company's basic and diluted earnings per share were both -¥0.0263, a decrease of 2.73% compared to the same period last year[5] - The company's net profit for the current period is -9,012,131.20, an improvement from -13,664,376.00 in the previous period, indicating a reduction in losses by approximately 34.5%[46] - Operating profit for the current period is -6,933,086.68, compared to -12,576,926.40 in the previous period, showing a significant improvement in operational performance[46] - The total comprehensive income for the current period is -9,012,131.20, compared to -13,664,376.00 in the previous period, reflecting an overall improvement in financial health[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥439,807,933.64, a decrease of 1.97% from the end of the previous year[5] - Accounts receivable increased by 14.64% to ¥126,147,764.12, primarily due to increased sales revenue[10] - Prepayments surged by 1000.93% to ¥38,933,339.45, mainly due to a deposit for a project[10] - Inventory decreased by 66.04% to ¥30,607,496.30, as sales were realized from last year's stock[10] - Total assets decreased to ¥439,807,933.64 from ¥448,660,508.89, a decline of 2.3%[43] - Total liabilities increased slightly to ¥201,304,065.63 from ¥201,144,509.68, reflecting a marginal rise of 0.1%[43] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥15,102,342.65, a decrease of 0.50% year-to-date[5] - The total cash flow from operating activities is -15,102,342.65, slightly worse than -15,027,612.77 from the previous period[49] - The company reported a cash inflow from financing activities of 67,300,000.00, a substantial increase from 10,000,000.00 in the previous period[49] - The net cash flow for the current period is -13,434,541.41, an improvement compared to -81,355,898.60 in the previous period[49] Operating Costs and Expenses - Operating costs increased by 40.17% to ¥153,720,555.72, primarily due to the consolidation of Shanghai Fubang Industrial Co., Ltd. since May of last year[12] - R&D expenses rose by 53.39% to ¥5,538,484.61, attributed to the inclusion of Shanghai Fubang Industrial Co., Ltd. in the consolidated financials[12] - Financial expenses surged by 1037.10% to ¥2,295,073.66, mainly due to increased interest expenses from financing leases and borrowings[12] - The company reported a 65.20% increase in income tax expenses to ¥2,371,609.71, reflecting higher corporate income tax provisions[12] - Other income increased by 62.13% to ¥1,279,582.40, mainly due to increased government subsidies received during the reporting period[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,958, with the largest shareholder holding 29.99%[14] - The largest shareholder, Shanghai Fengwang Industrial Co., Ltd., holds 84,048,068 shares, representing 29.99% of total shares[14] Strategic Initiatives - The company is pursuing external growth through significant asset acquisitions, including 100% stakes in several data technology firms[16] - The company has signed cooperation framework agreements for the Beijing Fangshan Data Center project, indicating ongoing strategic expansion efforts[16] - The company is diversifying its business into data center infrastructure services and related products, enhancing growth potential and profitability[18] - The company plans to expand its market presence and enhance product development strategies in the upcoming quarters[40] - The company is undergoing a significant asset restructuring process, with a major asset acquisition planned for June 25, 2025[39] Governance and Compliance - The company appointed Shenzhen Zhengyi Accounting Firm as its new auditor for the 2024 financial year after the previous auditor resigned due to resource allocation issues[30][31] - The company faced a risk warning for its stock due to negative net profits for three consecutive years (2021, 2022, and 2023) and was subject to a delisting risk warning starting May 6, 2025[32][35] - The company successfully eliminated the uncertainties regarding its going concern status, receiving a standard unqualified audit opinion for the 2024 financial year[34] - The company is actively working to remove the delisting risk warning by optimizing resource allocation and expanding into new markets[35] - The company received corrective measures from the Shenzhen Securities Regulatory Bureau and has developed a comprehensive rectification plan[37][38] Legal Matters - The company faced a lawsuit from a shareholder, which was ultimately dismissed by the court, and the decision was upheld on appeal[36]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,632,081,161.58, a decrease of 19.69% year-on-year, while the revenue for the first nine months was ¥6,286,809,072.60, down 46.21% compared to the same period last year [3]. - The net profit attributable to shareholders for Q3 2025 was -¥341,678,054.02, an improvement of 45.84% year-on-year, and for the first nine months, it was -¥1,349,594,563.86, a reduction in loss of 48.39% compared to the previous year [3]. - The company reported a basic earnings per share of -¥0.11 for Q3 2025, which is a 47.62% improvement year-on-year [3]. - The total operating revenue for the first nine months of 2025 was ¥6,286,809,072.60, a decrease of 46.3% compared to ¥11,686,724,512.75 in the same period last year [35]. - Operating profit for the same period was -¥1,698,111,318.45, improving from -¥2,768,224,589.86 year-over-year [35]. - The company reported a total comprehensive income of -¥1,483,082,020.83, compared to -¥2,748,610,659.98 in the same period last year [36]. - Basic and diluted earnings per share were both -¥0.45, an improvement from -¥0.87 year-over-year [36]. - The total profit (loss) for the period was -¥1,683,002,317.23, compared to -¥2,807,868,755.88 in the previous year [35]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥1,983,512,182.43, a decrease of 22.66% year-on-year [13]. - The company maintained positive net cash flow from operating activities for six consecutive years, emphasizing cash flow safety as a core operational task [21]. - Operating cash flow for the period was ¥1,983,512,182.43, a decrease of 22.6% compared to ¥2,564,627,065.29 in the previous period [43]. - Total cash inflow from operating activities was ¥7,206,091,753.03, down 22.4% from ¥9,288,408,337.40 in the previous period [43]. - Cash outflow from operating activities totaled ¥5,222,579,570.60, a decrease of 22.3% from ¥6,723,781,272.11 in the previous period [43]. - Net cash flow from investment activities was ¥525,138,897.75, an increase of 84.2% compared to ¥285,338,004.33 in the previous period [44]. - Net cash flow from financing activities was -¥5,141,070,756.16, an improvement from -¥6,183,083,452.32 in the previous period [44]. - The ending balance of cash and cash equivalents was ¥9,979,940,970.13, a decrease from ¥10,207,322,722.45 in the previous period [44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥113,752,568,167.68, a decrease of 6.48% from the end of the previous year [3]. - The company's total liabilities decreased by 44.25% for short-term borrowings due within one year, indicating a reduction in financial leverage [9]. - Total liabilities decreased from CNY 94.03 billion to CNY 87.72 billion, a reduction of approximately 6.5% year-over-year [32]. - Current liabilities decreased from CNY 23.94 billion to CNY 18.32 billion, a decline of about 23.5% [32]. - Non-current liabilities slightly decreased from CNY 70.09 billion to CNY 69.40 billion, a decrease of approximately 1% [32]. - Total equity decreased from CNY 27.60 billion to CNY 26.03 billion, a decline of about 5.7% year-over-year [32]. Sales and Market Performance - The total sales contract amount achieved by the company in the first three quarters of 2025 was approximately RMB 5.88 billion, with a sales area of about 404,000 square meters [20]. - Residential products accounted for RMB 5.32 billion in sales contracts (sales area of 317,000 square meters), while commercial products achieved RMB 560 million in sales contracts (sales area of 87,000 square meters) [21]. - In the first three quarters of 2025, the national sales area of commercial housing decreased by 5.5% year-on-year, and the sales amount fell by 7.9% year-on-year, according to the National Bureau of Statistics [19]. - The vacancy rate for Grade A office buildings in Beijing was 16.5%, a year-on-year decrease of 1.7 percentage points, while the rental price was RMB 215.5 per square meter per month, down 19.0% year-on-year [19]. Strategic Initiatives - The company did not report any new strategies or significant developments in product or technology during the reporting period [7]. - The company optimized its sales management model, focusing on result-oriented strategies and market-aligned sales tactics [21]. - The company actively explored financing resources to match its development needs, ensuring adequate funding [21]. - The company implemented refined cash flow management and strict budget control on project expenditures to enhance cost efficiency [21]. - The company is focusing on optimizing its management structure and enhancing operational efficiency through reforms [25]. - The company is committed to improving its organizational structure and performance evaluation systems to achieve strategic goals [25]. - The company is actively enhancing customer experience in its hotel segment and expanding revenue through inter-project collaboration [22]. Investment and Projects - Asset management business (including cultural tourism) achieved revenue of CNY 1.5 billion and EBITDA of CNY 950 million in the first three quarters of 2025 [22]. - The cultural tourism projects, including the Mutianyu Great Wall and Zunhua Ancient Spring Town, saw an increase in visitor numbers and operating income [23]. - The company is exploring a light asset operation model, with the "Jinshu Ru Yuan" apartment project in Beijing entering stable operation and new projects in Chongqing and Suzhou initiated [23]. - The company signed a financial service agreement with Beijing Financial Street Group, with a transaction limit of CNY 8.204 billion, including CNY 4 billion for deposits and CNY 4 billion for loans [29].

前沿生物药业（南京）股份有限公司 2025 年第三季度报告 证券代码：688221 证券简称：前沿生物 前沿生物药业（南京）股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 15 前沿生物药业（南京）股份有限公司 2025 年第三季度报告 一、主要财务数据 | 非经常性损益项目 | 本期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益，包括已计提资产减值准备的冲销部分 | -37,784.92 | -22,430.99 | 固定资产处置损失 | （一） 主要会计数据和财务指标 注："本报告期"指本季 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥750,412,764.68, representing a year-on-year increase of 6.42%[2] - Total profit for the quarter reached ¥119,958,903.13, a significant increase of 174.21% compared to the same period last year[2] - Net profit attributable to shareholders was ¥125,825,415.74, reflecting an increase of 108.50% year-on-year[2] - The basic earnings per share for the quarter was ¥0.05, up 66.67% from the previous year[4] - The net profit for the year-to-date period was ¥204,677,536.10, an increase of 89.74% year-on-year[2] - Total operating revenue for the first three quarters of 2025 was CNY 2,063,026,320.20, a decrease of 5.77% compared to CNY 2,189,959,791.62 in the same period of 2024[21] - Net profit for the first three quarters of 2025 reached CNY 64,161,390.62, significantly up from CNY 23,647,050.44 in the first three quarters of 2024, representing an increase of 171.36%[21] - Basic earnings per share for the first three quarters of 2025 was CNY 0.09, compared to CNY 0.05 in the same period of 2024[23] - The company reported a total comprehensive income of CNY 55,167,690.29 for the first three quarters of 2025, a significant increase from CNY 6,450,773.42 in 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥59,996,653,615.97, a 2.54% increase from the end of the previous year[4] - The company's total assets as of September 30, 2025, amount to ¥59,996,653,615.97, an increase from ¥58,509,106,573.87 at the end of 2024[18] - Total liabilities increased to CNY 38,829,061,748.10 as of September 30, 2025, compared to CNY 37,402,700,620.66 at the end of 2024[20] - Total equity as of September 30, 2025, was CNY 21,167,591,867.87, slightly up from CNY 21,106,405,953.21 at the end of 2024[20] - The total liabilities and equity combined reached CNY 59,996,653,615.97 as of September 30, 2025, compared to CNY 58,509,106,573.87 at the end of 2024[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥1,508,216,995.63, a decline of 179.94% compared to the previous year[2] - The net cash flow from operating activities for the first three quarters of 2025 was -1,508,216,995.63 RMB, compared to 1,886,585,271.41 RMB in the same period of 2024, indicating a significant decline[24] - Total cash inflow from operating activities decreased to 5,849,289,098.65 RMB in 2025 from 6,749,549,349.25 RMB in 2024, a drop of approximately 13.3%[24] - Cash outflow from operating activities increased to 7,357,506,094.28 RMB in 2025, up from 4,862,964,077.84 RMB in 2024, representing a rise of about 51.5%[24] - The net cash flow from investing activities was -79,506,529.95 RMB in 2025, compared to 173,187,764.15 RMB in 2024, showing a negative shift[26] - Cash inflow from investing activities rose to 2,240,829,216.63 RMB in 2025, up from 1,013,975,022.49 RMB in 2024, an increase of approximately 120.9%[26] - Cash inflow from financing activities totaled 4,614,538,915.60 RMB in 2025, down from 5,841,709,997.00 RMB in 2024, a decrease of about 20.9%[26] - The net cash flow from financing activities improved to 1,365,528,541.90 RMB in 2025, compared to -265,882,086.41 RMB in 2024, indicating a positive turnaround[26] - The ending balance of cash and cash equivalents decreased to 14,000,550,361.67 RMB in 2025 from 12,114,654,456.25 RMB in 2024, reflecting a decrease of approximately 15.5%[26] - The company reported a cash inflow of 2,217,744,273.62 RMB from investment recovery in 2025, significantly higher than 412,320,000.00 RMB in 2024[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 57,977[13] - The largest shareholder, New Hope Chemical Investment Co., Ltd., holds 120,943,603 shares, accounting for 5.46% of total shares[13] Strategic Initiatives - The company plans to become the controlling shareholder of Pacific Securities, with the application currently under review by the China Securities Regulatory Commission[16] - The company has established a private equity investment fund with a total scale of ¥400 million to support new digital infrastructure projects[16] - The company has repurchased and canceled 10,887,400 shares, reducing its registered capital accordingly[16] Other Financial Metrics - The weighted average return on equity increased to 0.63%, up by 0.33 percentage points compared to the end of the previous year[4] - The net capital of Huachuang Securities increased to ¥14,454,643,510.17, up from ¥12,973,244,555.78 at the end of the previous year[5] - The risk coverage ratio improved to 324.56%, compared to 259.67% at the end of the previous year[5] - Cash and cash equivalents are reported at ¥11,375,267,322.92, slightly down from ¥11,540,813,658.89 at the end of 2024[18] - Financial investments in trading financial assets increased to ¥26,014,346,007.26 from ¥24,480,014,838.21[18] - The company reported a significant increase in customer funds deposits, rising to ¥8,784,796,945.30 from ¥7,003,631,026.83[18] - The goodwill remains stable at ¥4,101,258,761.40, unchanged from the previous period[18] - The net interest income improved to CNY -225,102,260.87 in 2025 from CNY -276,045,443.96 in 2024, indicating a reduction in losses[21] - The net commission and fee income rose to CNY 1,081,832,558.37, up 11.77% from CNY 967,395,693.46 in the previous year[21] - Investment income for the first three quarters of 2025 was CNY 952,979,815.07, down 21.14% from CNY 1,209,103,251.43 in 2024[21] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2025[27]

Financial Performance - Q3 2025 revenue was CNY 230,175,297.80, a decrease of 5.36% year-over-year, and year-to-date revenue was CNY 756,364,921.19, down 7.47% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was CNY 33,534,201.57, representing a decline of 21.05% year-over-year, while year-to-date net profit was CNY 132,363,223.05, down 11.23%[5] - Basic earnings per share for Q3 2025 was CNY 0.07, a decrease of 22.22% compared to the same period last year, and year-to-date basic earnings per share was CNY 0.29, down 9.38%[5] - The net profit for the current period is 132,326,983.18, a decrease from 149,080,489.25 in the previous period, representing a decline of approximately 11.2%[19] - Operating profit for the current period is 179,287,687.29, down from 197,779,912.56, indicating a decrease of about 9.4%[19] - The total comprehensive income for the current period is 132,326,983.18, compared to 149,080,489.25 in the previous period, reflecting a decrease of about 11.2%[20] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1,686,670,753.78, an increase of 2.50% from the end of the previous year[5] - The total assets at the end of the reporting period are RMB 1,686,670,753.78, an increase from RMB 1,645,499,592.25 at the beginning of the period[14] - The total liabilities decreased from RMB 545,413,776.55 to RMB 514,952,735.73, indicating a reduction of approximately 5.6%[16] - The company’s non-current liabilities increased significantly from RMB 51,327,956.26 to RMB 126,162,117.15, marking an increase of approximately 146.0%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,569[9] - The largest shareholder, Nanchang Baitong Environmental Technology Co., Ltd., held 19.53% of the shares, with 90,000,000 shares pledged[9] - Shareholders' equity attributable to shareholders at the end of Q3 2025 was CNY 1,169,775,253.28, reflecting a growth of 6.53% compared to the end of the previous year[5] - The total equity attributable to shareholders increased from RMB 1,098,106,811.06 to RMB 1,169,775,253.28, reflecting a growth of about 6.5%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 203,523,914.51, an increase of 5.35%[5] - Cash flow from operating activities generated a net amount of 203,523,914.51, compared to 193,195,758.45 in the previous period, showing an increase of approximately 5.9%[22] - The total cash outflow from operating activities is 604,113,786.09, compared to 724,683,818.75 in the previous period, showing a decrease of about 16.6%[22] - The ending balance of cash and cash equivalents is 255,881,856.38, down from 274,449,453.07 in the previous period[22] - The cash and cash equivalents decreased from RMB 407,053,198.87 to RMB 255,881,856.38, a decline of approximately 37.0%[14] Operating Costs and Revenue - The total operating revenue for the current period is RMB 756,364,921.19, a decrease of 7.5% from RMB 817,403,391.66 in the previous period[18] - The total operating costs for the current period amount to RMB 592,161,018.13, down 7.1% from RMB 637,656,027.17 in the previous period[18] - The operating cost specifically decreased from RMB 559,995,102.28 to RMB 504,900,107.69, reflecting a reduction of approximately 9.8%[18] - The total operating revenue from sales of goods and services received cash of 775,142,429.60, down from 880,088,583.88 in the previous period, indicating a decline of approximately 11.9%[21] Dividends and Stock Issuance - The cash dividend distribution for the first half of 2025 is set at RMB 0.5 per 10 shares, totaling RMB 23,045,000[11] - The company plans to issue stocks to specific targets in 2025, with the proposal approved on June 10, 2025[12] Non-Recurring Gains and Losses - Non-recurring gains and losses for Q3 2025 included CNY 754.37 from the disposal of non-current assets and CNY 556,192.84 from government subsidies[6]

三六零安全科技股份有限公司 2025 年第三季度报告 证券代码：601360 证券简称：三六零 三六零安全科技股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人周鸿袆、主管会计工作负责人张海龙及会计机构负责人（会计主管人员）孙巍保证季 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：千元 | 币种：人民币 | | | --- | --- | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 本报告期比上 | | 年初至报告 | 年初至报告期末 | | | | | 年同期增减变 | | 期末 | 比上年同期增减 | | | | | 动幅度(%) | | | 变动幅度(%) | | | 营业收 ...

Financial Performance - The company's operating revenue for the third quarter was ¥339,860,646.36, a decrease of 46.25% compared to the same period last year[3]. - The total profit for the third quarter was -¥217,421,450.38, with a year-to-date total profit of -¥251,279,601.67[3]. - The net profit attributable to shareholders for the third quarter was -¥216,901,236.46, and -¥250,672,332.75 year-to-date[3]. - Total operating revenue for the first three quarters of 2025 was approximately ¥1.31 billion, a decrease of 32.3% compared to ¥1.94 billion in the same period of 2024[16]. - Net profit for the first three quarters of 2025 was a loss of approximately ¥251.28 million, compared to a profit of ¥150.41 million in 2024[17]. - The company recorded a total comprehensive loss of approximately ¥251.19 million in 2025, compared to a total comprehensive income of ¥150.44 million in 2024[17]. Research and Development - Research and development expenses totaled ¥203,990,325.36 for the quarter, accounting for 60.02% of operating revenue, an increase of 25.99 percentage points[4]. - Research and development expenses for the first three quarters of 2025 were approximately ¥581.82 million, a decrease of 13.3% from ¥671.79 million in 2024[16]. Assets and Liabilities - Total assets increased to ¥3,761,436,578.09, representing a 14.54% increase from the end of the previous year[4]. - The company's current assets totaled CNY 1,826,472,317.93, up from CNY 1,460,622,848.37 in the previous period, reflecting a growth of approximately 25.1%[12][13]. - Total liabilities reached CNY 3,816,211,088.58, compared to CNY 3,149,055,574.41, reflecting an increase of approximately 21.2%[14]. - The company's short-term borrowings surged to CNY 1,762,437,408.90 from CNY 1,077,987,553.63, a significant increase of about 63.5%[13][14]. - The total equity attributable to shareholders decreased to CNY -48,211,427.97 from CNY 140,896,888.73, indicating a decline in shareholder equity[14]. - The total liabilities to equity ratio has increased, indicating a higher leverage position for the company compared to the previous period[14]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥306,820,436.08[4]. - The company reported a net cash outflow from operating activities of approximately ¥306.82 million in 2025, down from a cash inflow of ¥189.69 million in 2024[19]. - Cash inflow from investment activities was approximately ¥1.13 billion in 2025, compared to ¥752.09 million in 2024[19]. - Net cash inflow from financing activities was approximately ¥736.77 million in 2025, significantly higher than ¥159.75 million in 2024[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,749[9]. - The largest shareholder, Lhasa Ailike Investment Consulting Co., Ltd., held 60.90% of the shares[9]. Earnings Per Share - The company reported a basic earnings per share of -¥0.50 for the third quarter and -¥0.60 year-to-date[3]. - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.60, compared to ¥0.34 in 2024[17]. Sales and Revenue Decline - The company experienced a decline in sales revenue due to price reductions of its core product, Anjiajin®[7]. - Total operating costs increased to approximately ¥1.49 billion in 2025, up 2.2% from ¥1.46 billion in 2024[16]. Cash and Cash Equivalents - Cash and cash equivalents increased to CNY 396,498,224.09 from CNY 314,933,923.79, representing a rise of about 26%[12]. - Cash and cash equivalents at the end of the third quarter of 2025 totaled approximately ¥396.50 million, an increase from ¥340.44 million at the end of the same period in 2024[20]. Inventory and Accounts Receivable - Accounts receivable rose to CNY 688,905,342.85, compared to CNY 649,386,298.44, indicating an increase of approximately 6.1%[12]. - Inventory levels increased to CNY 326,970,398.21 from CNY 259,486,715.96, marking a growth of around 26%[12][13]. Non-Current Assets - The company reported a total non-current asset value of CNY 1,934,964,260.16, up from CNY 1,823,373,569.25, showing an increase of approximately 6.1%[13].

证券代码：688268 证券简称：华特气体 广东华特气体股份有限公司 广东华特气体股份有限公司 2025 年第三季度报告 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人石思慧、主管会计工作负责人郭湛泉及会计机构负责人（会计主管人员）郭湛泉保证 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 1 / 10 单位：元 币种：人民币 项目 本报告期 本报告期比上 年同期增减变 动幅度(%) 年初至报告期 末 年初至报告期末 比上年同期增减 变动幅度(%) 营业收入 367,607,659.12 7.96 1,044,136,491.9 -1.36 利润总额 47,726,098.21 4.58 142,427,809.93 -11.14 归属于上市公 ...