Financial Performance - The company's revenue for Q3 2025 reached ¥213,901,365.04, an increase of 6.75% compared to the same period last year, and a year-to-date revenue of ¥721,805,325.78, reflecting a growth of 33.56%[4] - Total profit for Q3 2025 was ¥24,869,946.78, representing a 19.79% increase year-over-year, with a year-to-date profit of ¥121,662,293.87, which is an 87.22% increase compared to the previous year[4] - Net profit attributable to shareholders for Q3 2025 was ¥23,112,648.64, up 14.39% year-over-year, and year-to-date net profit reached ¥107,236,399.61, marking a 74.20% increase[4] - Total operating revenue for the first three quarters of 2025 reached ¥721,805,325.78, a significant increase of 33.5% compared to ¥540,435,518.26 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥107,464,842.88, representing a 73.8% increase from ¥61,799,268.42 in 2024[20] - The total comprehensive income for the first three quarters of 2025 was ¥113,588,582.33, compared to ¥61,894,973.60 in 2024, reflecting a growth of 83.5%[21] Earnings and Shareholder Information - The company reported a basic earnings per share of ¥0.23 for Q3 2025, a 15.00% increase compared to the same period last year, and a year-to-date EPS of ¥1.07, which is a 75.41% increase[5] - Total number of common shareholders at the end of the reporting period is 100,553,341[13] - The largest shareholder, Wuhan Youhui Investment Co., Ltd., holds 44.80% of shares with 45,045,000 shares[13] Research and Development - Research and development expenses totaled ¥31,974,900.44 for Q3 2025, accounting for 14.95% of revenue, a decrease of 0.26 percentage points year-over-year[5] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[11] - Research and development expenses for the first three quarters of 2025 were ¥90,111,836.25, compared to ¥77,900,872.40 in 2024, indicating a 15.5% increase[20] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥1,709,923,910.55, a 10.06% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥1,091,087,187.33, an increase from ¥946,559,027.76 as of December 31, 2024[17] - The company's total liabilities increased to ¥543,681,337.94 in 2025 from ¥481,682,754.73 in 2024, reflecting a growth of 12.9%[19] - The total equity attributable to shareholders rose to ¥1,128,244,056.30 in 2025, up from ¥1,028,068,228.22 in 2024, marking an increase of 9.7%[19] Cash Flow and Investments - Cash inflows from operating activities totaled ¥665,060,661.25 in the first three quarters of 2025, an increase from ¥488,913,952.79 in 2024[23] - The net cash flow from operating activities was $27,464,662.66, a significant improvement compared to a negative cash flow of $18,101,009.54 in the previous period, indicating a turnaround in operational performance[24] - Cash inflow from investment activities was $33,732,226.98, compared to $1,994,700.03 in the previous period, showing a substantial increase in investment returns[24] - Cash inflow from financing activities totaled $189,410,180.00, up from $117,980,642.75, reflecting increased borrowing and investment from shareholders[26] Operational Costs and Expenses - Operating costs for the first three quarters of 2025 were ¥626,821,480.64, up 27.6% from ¥491,084,202.65 in 2024[19] - The company paid $96,335,019.44 in debt repayments, significantly higher than $31,836,600.00 in the previous period, indicating a focus on reducing liabilities[24] - The total cash outflow for investment activities was $58,798,544.05, down from $123,199,085.76, reflecting a strategic reduction in capital expenditures[24] - The company reported a cash outflow of $39,423,356.77 for dividend distributions, which decreased from $61,808,587.79, indicating a potential shift in dividend policy[24] Other Notable Information - Non-recurring gains and losses for the period amounted to ¥525,734.97, with government subsidies contributing significantly to this figure[7] - The company experienced significant growth in its industrial and safety business, primarily driven by the rapid growth of refrigerant leak monitoring sensors and the consolidation of acquired companies into the financial statements[11] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[15] - The company has a goodwill of ¥28,211,463.21, unchanged from the previous period[17] - The company reported a decrease in credit impairment losses to -¥3,547,935.66 in 2025 from -¥4,464,884.53 in 2024, showing an improvement in asset quality[20]

Financial Performance - The company's operating revenue for Q3 2025 was ¥283,318,009.11, a decrease of 14.24% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2025 was ¥1,294,779.88, an increase of 103.65% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,284,174.91, a decrease of 96.81% compared to the same period last year[5]. - The basic earnings per share for Q3 2025 was ¥0.0014, up 103.63% year-on-year[5]. - Total operating revenue decreased to ¥771,308,298.16 from ¥888,897,808.68, a decline of approximately 13.2% year-over-year[22]. - Total operating costs decreased to ¥772,782,653.64 from ¥912,768,563.09, a reduction of about 15.4% year-over-year[23]. - Net profit for the period was ¥1,936,682.35, compared to a net loss of ¥35,761,583.82 in the previous period, marking a significant turnaround[24]. - Operating profit improved to ¥3,735,902.32 from a loss of ¥31,000,906.45, indicating a recovery in operational performance[23]. - The company reported a basic earnings per share of ¥0.0034, recovering from a loss of ¥0.0358 per share in the previous period[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥32,096,895.16, a decrease of 4.24% compared to the previous year[5]. - Cash flow from operating activities generated a net cash inflow of ¥32,096,895.16, slightly down from ¥33,518,001.83 in the previous period[25]. - Cash inflow from investment activities totaled $42,788,896.31, while cash outflow amounted to $69,100,657.85, resulting in a net cash flow of -$26,311,761.54[26]. - Cash inflow from financing activities was $359,142,227.13, with cash outflow of $320,459,960.00, leading to a net cash flow of $38,682,267.13[26]. - The net increase in cash and cash equivalents for the period was $44,467,406.32, compared to a decrease of $48,281,116.25 in the previous period[26]. - The ending balance of cash and cash equivalents was $190,113,027.75, up from $145,645,621.43 at the beginning of the period[26]. - The company received $302,655,000.00 in cash from borrowings during the financing activities[26]. Assets and Liabilities - Total assets at the end of Q3 2025 were ¥2,005,799,476.26, a decrease of 2.53% from the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to 2,005,799,476.26, a decrease from 2,057,924,527.48 at the beginning of the period[19]. - Current assets totaled 670,307,389.01, slightly up from 650,211,849.95 at the beginning of the period[19]. - The total liabilities decreased to ¥1,169,501,554.59 from ¥1,214,146,314.58, reflecting a reduction in financial obligations[22]. - Total equity decreased to ¥836,297,921.67 from ¥843,778,212.90, indicating a slight decline in shareholder value[22]. - The company reported a total of 1,335,492,087.25 in non-current assets, down from 1,407,712,677.53 at the beginning of the period[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,403, with no preferred shareholders having restored voting rights[14]. - CIMIC INDUSTRIAL INC. holds the largest share at 37.43%, with 344,206,164 shares pledged amounting to 200,000,000[14]. Investment and Expenses - The company reported a significant increase in investment income of ¥6,143,469.49, a rise of 256.29% year-on-year, mainly due to increased debt restructuring gains[10]. - The company experienced a 165.58% increase in credit impairment losses, reflecting a shift in credit policy that reduced credit risk[12]. - Research and development expenses were ¥4,952,013.58, down from ¥5,860,659.43, suggesting a potential shift in investment strategy[23]. - The company received ¥68,831,569.65 in cash related to other operating activities, down from ¥113,643,475.00, indicating a decrease in operational cash inflows[25]. Other Information - The third quarter financial report was not audited[27].

Financial Performance - The company's operating revenue for Q3 2025 was ¥146,989,379.13, a decrease of 20.12% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was ¥12,054,413.42, down 54.14% year-on-year[5]. - The basic earnings per share for Q3 2025 was ¥0.0297, reflecting a decline of 54.10% compared to the previous year[5]. - Total operating revenue for the current period was ¥439,653,276.08, a decrease of 13% compared to ¥504,956,879.13 in the previous period[25]. - Net profit for the current period was ¥33,440,399.43, a decline of 50% from ¥67,216,243.70 in the previous period[25]. - Basic and diluted earnings per share were both ¥0.0824, down from ¥0.1656 in the previous period[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,071,239,466.35, representing a decrease of 7.90% from the end of the previous year[5]. - Total assets decreased to ¥4,071,239,466.35 from ¥4,420,563,272.14, reflecting a reduction of approximately 8%[24]. - Total liabilities decreased to ¥1,064,212,327.82 from ¥1,378,846,384.59, a decline of about 23%[24]. - Current assets totaled ¥2,920,299,226.76, slightly down from ¥2,929,884,618.37, indicating a decrease of about 0.3%[23]. - Non-current assets decreased significantly to ¥1,150,940,239.59 from ¥1,490,678,653.77, a drop of approximately 23%[23]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥304,739,266.61, down 9.22% compared to the previous year[5]. - Operating cash flow for the current period is ¥304,739,266.61, a decrease of 9.2% from ¥335,679,349.36 in the previous period[26]. - Total cash inflow from operating activities is ¥445,263,690.73, down from ¥492,007,912.60, reflecting a decline of 9.5%[26]. - Cash outflow from operating activities is ¥140,524,424.12, reduced from ¥156,328,563.24, indicating a decrease of 10.1%[26]. - The net increase in cash and cash equivalents is -¥69,369,088.31, compared to -¥56,960,676.07 in the previous period, indicating a worsening cash position[26]. - The ending balance of cash and cash equivalents is ¥2,341,498,895.54, down from ¥2,431,448,736.71, reflecting a decrease of 3.7%[26]. Shareholder Information - The company announced a cash dividend of RMB 0.2 per 10 shares (including tax) based on a total of RMB 406,000,000 for the 2024 profit distribution plan[19]. - The company approved a share repurchase plan with a total amount between RMB 100 million and RMB 200 million, to be executed within 12 months[20]. - A total of 304,500,000 shares, representing 75% of the post-issue total share capital, were released from lock-up on September 29, 2025[21]. - The top 10 unrestricted shareholders include Sanliu Liuhe Internet Technology Co., Ltd. with 304,500,000 shares, accounting for a significant portion of the total[18]. - The company’s repurchased shares as of September 30, 2025, amounted to 5,220,075 shares, representing 1.29% of the total shares[18]. - The company’s major shareholders include Yang Shaoxiao and Ma Ning, holding 1,978,400 shares and 909,800 shares respectively[18]. Research and Development - The company reported a significant increase in research and development expenses, which rose by 157.67% to ¥21,879,430.06 due to new projects and increased personnel costs[12]. Compliance and Transparency - The company has a commitment to transparency regarding shareholder relationships and actions taken in the market[18]. - The company’s financial reports are prepared in accordance with the relevant accounting standards, ensuring accuracy and compliance[22]. - The company has not audited its third-quarter financial report[27].

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： 中煤新集能源股份有限公司 2025 年第三季度报告 证券代码：601918 证券简称：新集能源 中煤新集能源股份有限公司 2025 年第三季度报告 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。 公司负责人刘峰、主管会计工作负责人程茂玖及会计机构负责人（会计主管人员）范伟保证季度 报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 期末比上年 | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 3,198,798,178.58 | -0.16 | ...

Financial Performance - Q3 2025 revenue reached ¥104,579,831.89, a slight increase of 0.70% year-over-year[5] - Net profit attributable to shareholders was ¥16,463,054.28, up 7.87% compared to the same period last year[5] - Basic earnings per share increased to ¥0.0627, reflecting a growth of 7.92% year-over-year[5] - Total operating revenue for the current period is ¥263,457,858.19, a slight decrease from ¥264,317,028.74 in the previous period, representing a decline of approximately 0.33%[19] - Operating profit for the current period is ¥8,682,439.70, significantly higher than ¥1,005,851.08 in the previous period, indicating a substantial increase in profitability[20] - Net profit for the current period is ¥11,181,082.62, a notable increase from ¥522,947.40 in the previous period, reflecting a growth of approximately 2,036%[20] - Total comprehensive income amounted to ¥11,181,082.62, with a net income attributable to the parent company of ¥12,943,077.01[21] - Basic and diluted earnings per share were both ¥0.0493, an increase from ¥0.0035 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,477,329,697.78, representing a 1.04% increase from the previous year[5] - The company's total assets amount to ¥1,477,329,697.78, compared to ¥1,462,115,708.52 in the previous period, showing an increase of about 1.2%[18] - Total liabilities decreased to ¥335,724,015.89 from ¥342,419,794.97, indicating a reduction of approximately 1.1%[18] - The company reported a significant increase in goodwill to ¥14,755,701.76, a rise of 1492.39% due to the acquisition of Xi'an Tianhengda Information Technology Co., Ltd.[8] Cash Flow - Cash flow from operating activities showed a net outflow of ¥18,044,754.09, a decrease of 84.37% compared to the previous year[5] - Cash inflow from operating activities was ¥253,934,038.89, compared to ¥131,808,331.68 in the previous period, indicating a significant increase[22] - Cash outflow from operating activities totaled ¥271,978,792.98, leading to a net cash flow from operating activities of -¥18,044,754.09, an improvement from -¥115,425,086.86 in the previous period[23] - Cash flow from investment activities resulted in a net outflow of -¥99,744,768.49, a decrease from a net inflow of ¥44,290,190.79 in the previous period[23] - Cash flow from financing activities showed a net outflow of -¥50,959,520.26, compared to -¥3,102,019.19 in the previous period[23] - The ending balance of cash and cash equivalents was ¥380,436,441.35, down from ¥476,886,509.12 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,078[10] - The largest shareholder, Tongce Medical Co., Ltd., holds 19.01% of shares, totaling 49,920,315 shares[10] - Hangzhou Panyuan Investment Co., Ltd. holds 15.33% of shares, totaling 40,260,815 shares, with 22,282,825 shares pledged[10] - The total number of restricted shares at the end of the period is 243,780 shares, all under executive lock-up[13] - There are no changes in the top 10 shareholders due to securities lending or borrowing activities[12] Operational Metrics - Cash and cash equivalents decreased from 542,170,950.15 CNY to 385,286,714.14 CNY[16] - Trading financial assets increased significantly from 20,025,416.66 CNY to 80,705,944.45 CNY[16] - Accounts receivable decreased slightly from 302,045,937.69 CNY to 294,127,775.17 CNY[16] - Inventory levels rose by 120.42% to ¥34,908,680.21, attributed to labor costs incurred for projects not yet recognized as revenue[8] - The company’s contract liabilities increased by 282.75% to ¥16,981,731.62, indicating a rise in advance project payments[8] - Other income surged by 132.97% to ¥9,604,864.71, mainly due to increased tax refunds from proprietary software products[8] Research and Development - Research and development expenses for the current period are ¥44,789,229.25, up from ¥38,564,331.96 in the previous period, reflecting an increase of approximately 16.3%[20] Regulatory and Compliance - The company received a warning letter from the Zhejiang Securities Regulatory Bureau for exceeding the approved limit of idle fundraising cash management by 15,091.44 million CNY[14] - The financial report for the third quarter was not audited[25] - The company plans to implement new accounting standards starting from 2025[24] Miscellaneous - The company has not disclosed any new product or technology developments in the current reporting period[12] - The company did not report any net profit from subsidiaries prior to consolidation, with previous periods also showing no net profit[21] - The company reported a significant decrease in interest expenses, from ¥3,302,919.36 to ¥1,660,967.58, indicating a reduction of about 49.7%[20]

Financial Performance - The company's revenue for Q3 2025 was ¥48,730,741.91, representing an increase of 11.75% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2025 was -¥15,992,734.17, a decrease of 24.30% year-on-year[5]. - The basic earnings per share for Q3 2025 was -¥0.22, reflecting a 24.14% increase in loss compared to the same period last year[5]. - Total operating revenue for the current period is ¥137,697,994.38, a decrease of 4.8% from ¥144,673,637.59 in the previous period[18]. - Net loss for the current period is ¥58,187,207.88, compared to a net loss of ¥71,258,051.72 in the previous period, showing an improvement of 18.3%[20]. - The company's operating profit (loss) improved to -¥59,507,927.65 from -¥78,532,749.78, indicating a positive trend[19]. - Basic and diluted earnings per share improved to -¥0.75 from -¥0.93, indicating a reduction in loss per share[20]. Assets and Liabilities - The total assets at the end of Q3 2025 were ¥642,703,182.80, down 12.35% from the end of the previous year[5]. - Total current assets decreased from 610,255,771.57 CNY to 527,723,869.76 CNY, a reduction of approximately 13.5%[15]. - Cash and cash equivalents decreased from 384,855,995.43 CNY to 292,302,331.20 CNY, a decline of about 24%[15]. - Accounts receivable decreased from 159,100,405.13 CNY to 105,073,672.55 CNY, a decrease of approximately 34%[15]. - Total liabilities decreased to ¥173,549,866.19 from ¥209,117,765.60, a reduction of 17.0%[17]. - Total equity decreased to ¥469,153,316.61 from ¥524,112,612.14, reflecting a decline of 10.5%[17]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥60,739,939.65, an increase in outflow of 25.44% compared to the previous year[5]. - Cash flow from operating activities increased to ¥235,006,570.59 from ¥215,992,471.66, representing a growth of 8.8%[21]. - The net increase in cash and cash equivalents was -$90,246,474.89, slightly better than -$91,322,647.37 in the previous year[23]. - The ending balance of cash and cash equivalents was $290,908,343.74, down from $370,218,112.39 year-over-year[23]. Research and Development - Research and development expenses for the first nine months of 2025 were ¥31,456,317.58, a decrease of 43.19% compared to the same period in 2024[9]. - Research and development expenses decreased significantly to ¥31,456,317.58 from ¥55,370,140.40, a reduction of 43.1%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,143[12]. - The largest shareholder, Shanghai Zhishu Industrial Partnership, holds 41.60% of shares, totaling 29,970,000 shares[12]. Inventory and Financial Assets - The company reported a significant decrease of 99.10% in trading financial assets, down to ¥25,968.18 due to the redemption of wealth management products[8]. - The company experienced a 132.64% increase in inventory, reaching ¥116,951,609.91, attributed to an increase in project execution[8]. - Inventory increased significantly from 50,271,071.78 CNY to 116,951,609.91 CNY, an increase of about 132%[16].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥849,506,735.55, a 53.35% increase compared to ¥458,965,703.92 in the same period last year[4] - Total profit for Q3 2025 was ¥364,965,914.73, reflecting a significant increase of 130.09% from ¥158,616,438.91 year-over-year[4] - Net profit attributable to shareholders for Q3 2025 was ¥281,415,578.17, an increase of 83.77% compared to ¥153,138,304.38 in the previous year[4] - The basic earnings per share for Q3 2025 was ¥0.27, up 80.00% from ¥0.15 in the same quarter last year[4] - Operating profit for the first three quarters was ¥674,955,632.93, up from ¥312,875,390.52, showcasing improved operational efficiency[19] - Net profit for the period was ¥505,553,774.27, a substantial increase from ¥304,670,471.77, reflecting strong financial performance[19] - Basic earnings per share improved to ¥0.48 from ¥0.29, indicating enhanced shareholder value[20] Assets and Liabilities - The total assets at the end of the reporting period increased by 31.76% to ¥57,778,917,165.49 from ¥43,852,233,454.88 at the end of the previous year[4] - As of September 30, 2025, the total assets of the company reached ¥57.78 billion, an increase from ¥43.85 billion as of December 31, 2024, representing a growth of approximately 31%[15] - The total liabilities increased to ¥48.83 billion from ¥35.41 billion, reflecting a rise of approximately 37.5%[16] - The company's total equity attributable to shareholders rose to ¥8.95 billion, compared to ¥8.44 billion, marking an increase of around 6.5%[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was negative at -¥190,637,614.88, a decrease of 104.95% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥190,637,614.88, a decline from a net inflow of ¥3,847,721,162.11 in the previous year[21] - Cash and cash equivalents at the end of the period totaled ¥19,999,406,500.90, up from ¥14,527,609,211.52, indicating a strong liquidity position[22] - The company's cash and cash equivalents amounted to ¥14.06 billion, up from ¥12.96 billion, indicating a growth of about 8.5%[15] Investments and Income - Net interest income increased to ¥110,374,139.83, up from ¥36,457,558.95, reflecting a significant growth in interest income to ¥458,594,237.14[18] - Net commission and fee income rose to ¥1,053,639,505.50, compared to ¥790,823,293.07, with brokerage business fees contributing ¥753,987,116.77[18] - Investment income increased to ¥636,845,280.28 from ¥538,519,092.31, indicating a positive trend in investment performance[18] - The financial investments in trading assets surged to ¥16.40 billion, up from ¥9.39 billion, which is an increase of approximately 74%[16] Shareholder Information - The company reported a total of 61,611 ordinary shareholders at the end of the reporting period[12] Strategic Changes - The company has completed the liquidation and deregistration of its wholly-owned subsidiary, Shanghai Quanchuang Information Technology Co., Ltd., as part of its overall strategic planning[14] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[23]

Financial Performance - The company's revenue for Q3 2025 was ¥348,320,862.34, representing a decrease of 4.73% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥38,000,857.22, an increase of 1.49% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥35,852,980.70, up by 4.06%[4]. - Year-to-date revenue reached ¥1,069,225,527.63, down 1.36% from the previous year, with a year-to-date net profit of ¥108,644,571.12, a decline of 27.55%[4]. - Total operating revenue for the period was CNY 1,069,225,527.63, a decrease of 1.3% compared to CNY 1,083,951,749.07 in the previous period[21]. - Net profit for the period was CNY 108,658,097.24, down 27.5% from CNY 149,972,667.72 in the previous period[21]. - Basic and diluted earnings per share were both CNY 0.37, compared to CNY 0.51 in the previous period[22]. Assets and Liabilities - The company's total assets as of September 30, 2025, were ¥2,993,257,966.27, reflecting a 6.40% increase from the end of the previous year[4]. - Total assets increased to 2,993,257,966.27 RMB from 2,813,131,398.21 RMB, reflecting a growth of approximately 6.4%[17]. - Current assets totaled 1,854,716,521.08 RMB, up from 1,779,143,110.09 RMB, indicating an increase of about 4.2%[17]. - Total liabilities increased to CNY 590,110,451.07, up from CNY 401,550,924.92[18]. - The company’s total current liabilities rose to CNY 545,715,056.71, compared to CNY 381,128,269.55 previously[18]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥122,278,329.46, down 47.20% compared to the same period last year[4]. - The net cash inflow from operating activities was CNY 122,278,329.46, a decrease of 47.3% compared to CNY 231,604,741.49 in the previous period[24]. - Cash generated from operating activities was CNY 1,210,372,277.76, an increase from CNY 1,140,275,482.81 in the previous period[23]. - Cash inflow from financing activities totaled CNY 406,341,816.66, significantly higher than CNY 125,000,000.00, marking an increase of 225.1%[24]. - The net cash flow from financing activities was CNY 12,926,086.49, recovering from a net outflow of CNY -187,334,226.21 in the previous period[24]. Inventory and Investments - The company reported a significant increase in inventory, which rose by 32.59% to ¥198,385,754.33, attributed to increased stockpiling[8]. - Long-term equity investments increased to ¥126,056,292.86, marking a 100% change due to equity acquisitions[8]. - Long-term equity investments amounted to 126,056,292.86 RMB, indicating a strategic focus on long-term growth[17]. - Inventory increased to 198,385,754.33 RMB from 149,619,822.48 RMB, representing a growth of approximately 32.5%[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,846[11]. - The largest shareholder, Qu Shui Ao Cheng Industrial Co., Ltd., holds 35.24% of shares, totaling 102,858,211 shares[11]. - The company’s cash dividend distribution plan for the first half of 2025 is set at 2 RMB per 10 shares, based on a total share capital of 291,855,438 shares[15]. Research and Development - The company reported a significant increase in research and development expenses to CNY 60,469,991.60, compared to CNY 57,556,585.85 in the previous period[21].

Financial Performance - The company's operating revenue for Q3 2025 was ¥569,303,758.32, a decrease of 16.01% compared to the same period last year[2] - Total profit for the quarter was ¥40,933,824.50, down 42.51% year-on-year[2] - Net profit attributable to shareholders was ¥40,697,053.18, reflecting a decline of 26.22% compared to the previous year[2] - The company reported a decrease of 30.84% in net profit after deducting non-recurring gains and losses due to the termination of the SY009 R&D project[7] - The basic earnings per share for the quarter was ¥0.0583, down 24.23% year-on-year[2] - Total revenue for the first three quarters of 2025 was CNY 1,708,712,223.13, a decrease of 19.4% compared to CNY 2,121,509,818.79 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was CNY 198,491,469.17, down 13.1% from CNY 228,467,854.51 in the same period of 2024[18] - Earnings per share for the first three quarters of 2025 was CNY 0.3066, compared to CNY 0.3241 in 2024, reflecting a decrease of 5.5%[18] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 221.16% to ¥129,363,179.19[2] - Cash and cash equivalents increased to ¥645,407,882.65 from ¥578,594,453.98, reflecting a growth of approximately 11.43%[13] - Total current assets decreased to ¥1,484,605,647.29 from ¥1,559,311,767.72, a decline of about 4.79%[13] - Cash inflow from sales of goods and services was $1.64 billion, compared to $1.84 billion in the previous period, reflecting a decrease of 11.1%[21] - Total cash outflow from operating activities was $1.30 billion, down from $1.52 billion in the previous period, indicating a reduction of 14.4%[21] - Cash received from investment recoveries was $144.77 million, a significant increase from $4.87 million in the previous period[22] - Cash paid for fixed assets and intangible assets was $38.77 million, compared to $28.32 million in the previous period, representing an increase of 36.8%[22] Shareholder Information - Total shareholders at the end of the reporting period reached 53,669[9] - The largest shareholder, Shanxi Yabao Investment Group Co., Ltd., holds 94,300,000 shares, accounting for 13.47% of total shares[9] - The top ten shareholders do not have any related party relationships or concerted actions among them[11] - The company has not reported any significant changes in the participation of major shareholders in securities lending or borrowing activities[11] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,342,721,351.58, a decrease of 5.68% from the end of the previous year[3] - The equity attributable to shareholders decreased by 3.35% to ¥2,795,760,982.69[3] - Total liabilities decreased to CNY 585,773,356.92 from CNY 649,023,044.55, a reduction of 9.8%[15] - Non-current assets totaled CNY 1,858,115,704.29, down from CNY 1,984,630,806.62, indicating a decrease of 6.4%[15] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 1,422,105,604.68, down from CNY 1,854,942,934.53 in 2024, reflecting a reduction of 23.3%[16] - Operating profit for the first three quarters of 2025 was CNY 253,258,850.67, compared to CNY 288,373,771.98 in 2024, indicating a decline of 12.2%[17] - The company reported a significant reduction in sales expenses, which were CNY 327,463,027.22 in 2025 compared to CNY 514,819,616.99 in 2024, a decrease of 36.3%[17] - Research and development expenses for the first three quarters of 2025 were CNY 72,291,467.66, down from CNY 89,911,769.62 in 2024, reflecting a decrease of 19.7%[17]

Financial Performance - The company's revenue for Q3 2025 reached ¥2,202,162,068.59, representing an increase of 18.48% compared to the same period last year[5] - Net profit attributable to shareholders was ¥110,734,488.70, a significant increase of 183.98% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥113,525,735.30, up 204.12% from the previous year[5] - Total operating revenue for the current period reached RMB 6,709,054,995.28, an increase of 29.2% compared to RMB 5,188,164,330.49 in the previous period[21] - The net profit for the current period reached ¥451,212,638.44, representing a significant increase of 153% from ¥178,035,524.15 in the previous period[23] - The total profit before tax for the current period was ¥554,310,253.30, compared to ¥216,987,356.45 in the previous period, marking an increase of 155%[22] Earnings and Shareholder Information - The basic earnings per share for the period was ¥0.1383, an increase of 183.98% year-on-year[5] - The basic and diluted earnings per share for the current period were both ¥0.4763, compared to ¥0.1648 in the previous period, reflecting a growth of 189%[23] - The number of ordinary shareholders at the end of the reporting period was 43,052[11] - The largest shareholder, Sichuan Jiuyuan Investment Holding Group Co., Ltd., holds 23.78% of the shares[11] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥16,154,293,718.32, reflecting a growth of 3.23% compared to the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 16,154,293,718.32, up from RMB 15,648,477,597.25 at the beginning of the period, indicating a growth of 3.2%[19] - Total liabilities increased to RMB 7,021,965,463.52 from RMB 6,637,860,405.86, representing a rise of 5.8%[19] - Accounts receivable increased to RMB 2,342,517,190.22 from RMB 1,871,845,066.75, reflecting a growth of 25.1%[18] - Cash and cash equivalents decreased to RMB 1,144,330,123.89 from RMB 1,450,353,686.92, a decline of 21.1%[17] - Inventory decreased to RMB 1,594,452,934.32 from RMB 1,688,722,588.35, a reduction of 5.6%[18] - Non-current assets totaled RMB 10,233,377,281.85, an increase from RMB 9,975,247,909.66, reflecting a growth of 2.6%[19] - Short-term borrowings rose to RMB 261,944,375.64 from RMB 220,045,180.14, an increase of 19.2%[19] Cash Flow and Expenses - Cash flow from operating activities for the year-to-date reached ¥638,346,991.80, a substantial increase of 322.30%[5] - Cash flow from operating activities generated a net amount of ¥638,346,991.80, a turnaround from a negative cash flow of ¥287,159,432.38 in the previous period[24] - The company incurred sales expenses of ¥115,425,430.91, which is an increase of 20% from ¥96,562,011.25 in the previous period[22] - The company’s research and development expenses were ¥194,057,527.24, a slight increase from ¥193,265,163.76 in the previous period[22] - Investment activities resulted in a net cash outflow of ¥839,408,714.05, slightly improved from a net outflow of ¥872,075,237.56 in the previous period[25] - Cash and cash equivalents at the end of the period totaled ¥1,099,757,567.19, compared to ¥1,011,144,913.80 at the end of the previous period[25] Operational Changes - The company is undergoing a potential change in its controlling shareholder, which may not significantly impact daily operations[14] - The company has received a notice regarding the adjustment of the equity reform plan from its controlling shareholder, which may lead to changes in control but will not affect operational activities[15] Operating Costs - The total operating costs for the current period amounted to ¥6,151,127,707.74, an increase of 23% compared to ¥5,001,977,331.98 in the previous period[22]