证券代码：300095 证券简称：华伍股份 公告编号：2025-086 江西华伍制动器股份有限公司 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。 江西华伍制动器股份有限公司 2025 年第三季度报告 重要内容提示： 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 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） | 367,780,696.59 | 24.34% | 994,393,374.77 | 16.55% | | ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥196,066,782.28, representing a 63.54% increase year-over-year[5] - The net profit attributable to shareholders was ¥9,617,979.91, a significant increase of 181.36% compared to the same period last year[5] - The operating income for the first nine months of 2025 was ¥426,531,031.61, an 18.26% increase compared to the same period in 2024[10] - The total operating revenue for the period reached ¥426,531,031.61, an increase from ¥360,670,594.38 in the previous period, representing a growth of approximately 18.3%[23] - The company recorded an investment income of ¥2,872,919.84, compared to ¥912,033.99 in the previous period, reflecting a significant increase[23] - The net profit for the current period is -18,187,484.51, compared to -41,876,301.29 in the previous period, showing an improvement[24] - The total comprehensive income for the current period is -22,198,379.23, compared to -42,414,248.36 in the previous period[25] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥3,680,908,539.45, reflecting a 35.63% increase from the end of the previous year[5] - The total assets of the company as of September 30, 2025, were ¥3,680,908,539.45, up from ¥2,714,023,119.21, marking an increase of about 35.7%[22] - The total liabilities increased to ¥2,618,924,525.81 from ¥1,634,240,066.12, representing a growth of approximately 60.3%[22] - The company’s non-current assets totaled ¥3,254,746,553.90, an increase from ¥2,231,833,413.73, indicating a growth of approximately 46%[21] - The company’s short-term borrowings decreased to ¥104,948,827.49 from ¥168,058,802.38, a reduction of about 37.7%[21] Cash Flow - The cash received from operating activities decreased by 44.03% to ¥48,440,380.47 compared to ¥86,540,530.09 in the same period last year due to reduced operational fee recoveries[13] - Cash received from bank loans for operations rose by 78.39% to ¥549,219,516.90 from ¥307,868,826.54, reflecting increased borrowing for production[13] - Cash received from financing activities decreased by 76.67% to ¥70,000,000.00 from ¥300,000,000.00 due to reduced shareholder loans compared to the previous year[13] - Cash paid for debt repayment increased by 44.38% to ¥284,933,580.44 from ¥197,347,008.71, indicating timely loan repayments[13] - The cash and cash equivalents decreased to ¥297,354,178.16 from ¥344,929,489.09, a decline of approximately 13.8%[20] - Operating cash flow for the current period is 157,956,441.24, an increase from 137,605,186.56 in the previous period[26] - Cash flow from investing activities shows a net outflow of -433,163,684.97, compared to -407,742,138.53 in the previous period[27] - Cash flow from financing activities has a net inflow of 229,806,038.29, down from 365,400,291.81 in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,386, with the largest shareholder holding 41.17% of shares[14] - The largest shareholder, Zhou Jinming, holds 131,740,000 shares, with 98,805,000 shares pledged[14] Operational Highlights - The company has expanded its oil and gas assets due to the commencement of production at the Weizhou 5-3 oil field, contributing to improved revenue generation[11] - The company confirmed a deferred tax asset, which reduced the income tax expense significantly, leading to a net profit improvement[11] - The inventory increased by 239.17% to ¥17,605,586.44, indicating a rise in crude oil and consumables stock[9] - The company successfully drilled the QK18-9-6 well to a depth of 3,780 meters, obtaining oil and gas shows over 267.34 meters across 34 layers[19] - The side-drilling operation at QK18-9-6Sa reached a depth of 4,430 meters, with oil and gas shows recorded over 56 meters across 10 layers[19] - The company plans to complete drilling operations for four exploratory wells in the Mongolia Ergel-12 block by 2026, with the first well "Wisdom 1" already in progress[18] - The company has dynamically adjusted drilling positions based on reservoir and source rock conditions encountered during drilling operations[18] Other Information - The company experienced a 24.26% increase in operating costs, totaling ¥305,401,758.43, due to higher depreciation of oil and gas assets[10] - The company approved a comprehensive credit limit application of up to ¥50 million from Shanghai Pudong Development Bank for various financing activities[16] - The company has not executed any mergers or acquisitions during the reporting period[28] - The financial report for the third quarter has not been audited[28] - Basic and diluted earnings per share for the current period are both -0.0568, compared to -0.1308 in the previous period[25] - The company reported a credit impairment loss of -19,915.73, with total profit before tax at -38,120,830.83[24] - The total revenue from sales of goods and services received cash of 438,687,476.13, compared to 399,641,713.29 in the previous period[26]

北京海兰信数据科技股份有限公司 2025 年第三季度报告 证券代码：300065 证券简称：海兰信 公告编号：2025-061 北京海兰信数据科技股份有限公司 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 □是 否 1 北京海兰信数据科技股份有限公司 2025 年第三季度报告 一、主要财务数据 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） | 92,335,569.16 | ...

Financial Performance - The company's operating revenue for the third quarter was ¥678,152,147.20, a decrease of 4.84% compared to the same period last year[2] - The total profit for the third quarter was ¥1,582,503.20, reflecting a significant decline of 96.50% year-over-year[2] - The net profit attributable to shareholders was ¥11,241,834.80, down 77.60% from the previous year[2] - The net profit after deducting non-recurring gains and losses for the third quarter was ¥18,748,931.52, a decrease of 62.71% year-over-year[2] - The basic earnings per share for the third quarter was ¥0.0356, down 77.62% year-over-year[2] - The net profit attributable to shareholders was -10.61 million RMB, a year-on-year decline of 147.66%[11] - Operating profit for the first three quarters of 2025 increased to CNY 157,330,756.83, compared to CNY 93,593,197.76 in 2024, marking a growth of 68.3%[18] - Net profit for the first three quarters of 2025 was a loss of CNY 35,906,959.62, compared to a profit of CNY 2,696,908.15 in 2024, indicating a significant decline[18] - The company reported a basic and diluted earnings per share of -0.0337 for the first three quarters of 2025, compared to 0.0706 in 2024[19] - Net profit for the first three quarters of 2025 reached CNY 196.76 million, a significant recovery from a net loss of CNY 9.07 million in the first three quarters of 2024[29] - Operating profit for the first three quarters of 2025 was CNY 194.90 million, compared to an operating loss of CNY 8.77 million in the same period of 2024[29] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,767,052,338.98, a decrease of 6.87% from the end of the previous year[3] - The company's total assets decreased to CNY 5,767,052,338.98 from CNY 6,192,266,178.65, a reduction of approximately 6.9%[16] - Total liabilities decreased to CNY 3,167,634,606.16 from CNY 3,546,112,489.57, reflecting a decline of about 10.7%[16] - The company's equity attributable to shareholders decreased to CNY 2,396,657,155.70 from CNY 2,412,903,415.80, a decrease of 0.7%[16] - Total assets as of September 30, 2025, were CNY 4,347,004,863.48, an increase from CNY 3,980,756,996.96 at the end of 2024[24] - Total liabilities increased to CNY 1,995,267,431.09 from CNY 1,820,145,690.38, indicating a rise of 9.6%[26] - The company's total equity reached CNY 2,351,737,432.39, up from CNY 2,160,611,306.58, reflecting a growth of 8.8%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥453,897,784.88 for the year-to-date, an increase of 4.37%[2] - Cash flow from operating activities for the first three quarters of 2025 was CNY 453,897,784.88, an increase of 4.5% compared to CNY 434,906,576.39 in the same period of 2024[22] - Total cash inflow from operating activities was CNY 2,512,359,538.69, up from CNY 2,433,029,232.26 in the previous year, reflecting a growth of 3.3%[22] - The company reported a net increase in cash and cash equivalents of -CNY 132,337,377.41 for the first three quarters of 2025, compared to a positive increase of CNY 15,949,964.42 in the same period of 2024[23] - Cash and cash equivalents at the end of September 2025 amounted to CNY 716,725,301.08, compared to CNY 526,700,702.06 at the end of September 2024, representing a year-over-year increase of 36.1%[23] - Cash flow from operating activities showed a net outflow of CNY 68.59 million in the first three quarters of 2025, contrasting with a net inflow of CNY 207.27 million in the same period of 2024[32] - Total cash inflow from operating activities was CNY 6.14 billion in the first three quarters of 2025, compared to CNY 6.12 billion in the same period of 2024[31] Market and Product Development - The company has increased its market investment efforts, which contributed to the decline in net profit due to higher provisions for bad debts related to accounts receivable[6] - In the first three quarters of 2025, the company achieved a dairy product sales volume of 226,800 tons, a year-on-year increase of 1.91%[11] - The company has opened nearly 800 specialty and brand stores nationwide, expanding its market presence[11] - A new intelligent factory project with an annual production capacity of 200,000 tons has commenced trial operations, integrating various advanced production systems[12] - The company has optimized its cattle structure, with a total of 51,900 cattle, and the proportion of breeding cows increased to 56%[12] - The company has launched several new products, including low-temperature yogurt and flavored milk beer, to enhance its product matrix[12] - The company did not report any new product launches or significant market expansion strategies during the conference call[34] Expenses - Research and development expenses for the first three quarters of 2025 were CNY 15,347,817.28, down from CNY 17,761,037.00 in 2024, a decrease of 13.6%[18] - The company reported a decrease in management expenses to CNY 15.82 million in the first three quarters of 2025 from CNY 17.60 million in the same period of 2024[28] - Financial expenses increased to CNY 5.30 million in the first three quarters of 2025, up from CNY 4.66 million in the same period of 2024[28] - Investment income for the first three quarters of 2025 was CNY 208.75 million, a significant increase compared to CNY 239.85 million in the same period of 2024[28]

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥1,084,986,538.53, representing a 7.41% increase compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥742,067.51, a decline of 140.42% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥1,829,475.20, down 306.93% from the previous year[5] - The basic earnings per share were -¥0.01, a decrease of 150.00% compared to the same period last year[5] - The net profit for the current period was -¥8,205,143.51, a significant decrease from a net profit of ¥10,473,171.26 in the previous period[25] - The company reported a basic and diluted earnings per share of -¥0.09, down from ¥0.15 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,865,757,760.28, an increase of 8.70% compared to the end of the previous year[5] - The total assets increased to ¥1,865,757,760.28 from ¥1,716,503,568.28, reflecting a growth of approximately 8.66%[22] - Total liabilities rose to ¥1,045,120,862.64, up from ¥865,810,572.04, marking an increase of about 20.77%[21] - The total equity attributable to shareholders decreased to ¥831,608,346.85 from ¥849,536,748.66, a decline of approximately 2.1%[21] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥114,155,305.67, a significant decrease of 397.91% year-on-year[5] - The net cash flow from operating activities decreased by 397.91%, amounting to -114,155,305.67 CNY, primarily due to increased sales expenses[12] - The net cash flow from investing activities improved by 31.71%, totaling -17,030,462.21 CNY, as the long-term asset acquisition amount decreased compared to the previous period[12] - The net cash flow from financing activities significantly improved by 91.78%, reaching -6,071,875.73 CNY, mainly due to a reduction in loan repayment amounts[12] - Operating cash inflow for the current period was $2,541,090,726.16, an increase of 2.7% from the previous period's $2,474,397,462.02[28] - Net cash outflow from operating activities was -$114,155,305.67, compared to a positive cash flow of $38,318,291.45 in the previous period[28] - Investment cash inflow totaled $15,825,651.87, up from $13,105,813.91 in the previous period[29] - Net cash outflow from investment activities was -$17,030,462.21, an improvement from -$24,940,175.33 in the previous period[29] - Financing cash inflow was $231,242,611.39, down from $263,797,389.71 in the previous period[29] - Net cash outflow from financing activities was -$6,071,875.73, compared to -$73,824,739.59 in the previous period, indicating a significant reduction in cash outflow[29] - The ending cash and cash equivalents balance was $97,435,307.21, down from $131,045,650.29 in the previous period[29] - Total cash outflow from operating activities was $2,655,246,031.83, compared to $2,436,079,170.57 in the previous period[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,401[14] - The largest shareholder, Li Yanfei, holds 36.97% of the shares, totaling 35,370,000 shares[14] - The total restricted shares held by Li Yanfei remain at 26,527,500, with no changes during the reporting period[17] - The company reported a total of 33,019,335 restricted shares at the beginning of the period, with 270,806 shares released during the period[18] Expenses - The company reported a 42.47% increase in sales expenses, totaling ¥257,750,651.18, due to increased online promotion costs driven by rapid growth in e-commerce[11] - Research and development expenses decreased by 34.92% to ¥8,177,056.70, attributed to a reduction in R&D personnel[11] - The company recorded a goodwill impairment loss of ¥6,710,869.07, reflecting a 922.10% increase in asset impairment losses[11] Other Financial Metrics - The company's long-term investments increased to ¥33,776,563.79 from ¥15,920,375.67, showing a growth of approximately 112.5%[20] - The company’s short-term borrowings slightly decreased to ¥369,883,397.60 from ¥372,318,533.77, a reduction of about 0.12%[21] - Cash received from sales of goods and services was $2,492,902,572.44, an increase from $2,431,301,554.79 in the previous period[28] - Cash flow details for the current period are pending further disclosure[27] Audit Status - The company’s third-quarter financial report was not audited[30]

Financial Performance - The company's revenue for the third quarter reached ¥1,269,449,861.67, representing a year-on-year increase of 31.33%[4] - Total profit for the quarter was ¥251,779,551.53, reflecting a significant growth of 75.93% compared to the same period last year[4] - Net profit attributable to shareholders was ¥245,999,461.86, an increase of 87.95% year-on-year[4] - The basic earnings per share for the quarter was ¥0.54, up 86.21% from the previous year[5] - The diluted earnings per share was ¥0.53, showing an increase of 89.29% compared to the same quarter last year[5] - The net profit excluding non-recurring gains and losses for the quarter was ¥232,822,850.61, an increase of 85.71% year-on-year[4] - Net profit for the first three quarters of 2025 was ¥676,610,806.43, representing a significant increase of 50.9% from ¥448,113,575.75 in 2024[22] - Basic earnings per share for the first three quarters of 2025 were ¥1.48, compared to ¥0.98 in the same period of 2024, reflecting a 50% increase[23] - The company reported a total comprehensive income of ¥650,808,556.18 for the first three quarters of 2025, compared to ¥421,952,038.28 in 2024, representing a growth of 54.3%[23] Assets and Liabilities - The company's total assets at the end of the quarter were ¥10,956,943,816.84, a growth of 6.33% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥7,364,728,169.93, an increase from ¥6,576,626,348.93 as of December 31, 2024[16] - Total assets as of September 30, 2025, are ¥10,956,943,816.84, compared to ¥10,304,337,633.45 at the end of 2024[17] - Total liabilities increased to ¥1,628,401,277.89 from ¥1,582,841,099.63, reflecting a rise of about 2.9%[17] - The total liabilities increased to ¥1,628,401,277.89 in 2025 from ¥1,582,841,099.63 in 2024, indicating a growth of 2.9%[18] - The total equity attributable to shareholders reached ¥9,328,541,427.58 in 2025, up from ¥8,721,494,961.75 in 2024, marking a growth of 7%[18] - The total assets of the company increased to ¥10,956,943,816.84 in 2025 from ¥10,304,337,633.45 in 2024, reflecting a growth of 6.3%[18] Cash Flow - The company reported a cash flow from operating activities of ¥727,611,496.60 for the year-to-date period, reflecting a growth of 16.05%[5] - Net cash inflow from operating activities amounted to ¥727,611,496.60, an increase from ¥626,960,679.64 in the previous period, representing a growth of approximately 16.5%[26] - Total cash inflow from investment activities reached ¥3,684,106,654.45, significantly higher than ¥1,671,880,114.89 in the prior period, indicating a growth of about 120%[26] - Cash outflow from investment activities was ¥4,520,693,205.73, compared to ¥2,442,394,871.28 previously, reflecting an increase of approximately 85%[26] - Net cash flow from investment activities was negative at -¥836,586,551.28, worsening from -¥770,514,756.39 in the last period[26] - Cash inflow from financing activities totaled ¥318,376,900.78, down from ¥452,789,980.00, a decrease of about 29.6%[27] - Cash outflow from financing activities was ¥437,695,445.57, compared to ¥627,983,036.33 previously, showing a reduction of approximately 30.4%[27] - Net cash flow from financing activities was negative at -¥119,318,544.79, an improvement from -¥175,193,056.33 in the prior period[27] - The ending balance of cash and cash equivalents was ¥673,846,317.69, up from ¥505,946,065.67, representing an increase of approximately 32.9%[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 75,316[12] - The largest shareholder, Zhang Fan, holds 206,543,976 shares, representing 44.46% of total shares[12] - The company has no significant changes in the top 10 shareholders or their shareholding status[13] Operational Insights - The increase in revenue and profit was primarily driven by the launch of new products and changes in customer demand and inventory stocking[9] - There are no applicable reminders for investors regarding the company's operational status during the reporting period[14] Research and Development - Research and development expenses for the first three quarters of 2025 amounted to ¥837,528,170.09, an increase of 16.4% from ¥719,380,718.25 in 2024[22] Other Income - Other income for the first three quarters of 2025 was ¥167,214,354.06, significantly higher than ¥66,819,788.73 in 2024, indicating a growth of 150%[22] - Cash received in tax refunds was ¥324,489,945.55, compared to ¥110,260,046.44 previously, indicating a significant increase of about 194%[26] - Cash paid to employees was ¥813,215,354.68, an increase from ¥737,519,050.98, reflecting a growth of approximately 10.3%[26]

Financial Performance - Revenue for Q3 2025 was ¥771,961,208.91, a decrease of 36.54% year-over-year[5] - Net profit attributable to shareholders was ¥26,043,189.63, an increase of 239.19% compared to the same period last year[5] - Basic earnings per share increased by 237.70% to ¥0.0206[5] - Total operating revenue decreased to ¥2,078,364,714.93 from ¥2,944,950,911.46, representing a decline of approximately 29.3% year-over-year[17] - Net profit for the period was ¥91,622,011.22, compared to ¥2,967,083.51 in the previous period, indicating a significant increase in profitability[19] - The net profit attributable to shareholders of the parent company rose to ¥104,849,093.80 from ¥11,013,222.69, marking a substantial improvement[19] - Comprehensive income totaled ¥90,061,015.05, compared to ¥2,300,246.53 in the previous period, reflecting a strong recovery[19] - Basic and diluted earnings per share increased to ¥0.0833 from ¥0.0088, showing a notable enhancement in earnings performance[19] Assets and Liabilities - Total assets decreased by 21.27% to ¥4,239,204,417.80 compared to the end of the previous year[5] - Total current assets decreased from 4,471,888,206.60 yuan to 3,405,413,769.80 yuan, a reduction of approximately 24%[13] - Total assets decreased from 5,384,772,062.21 yuan to 4,239,204,417.80 yuan, a decline of approximately 21.2%[14] - Total liabilities decreased to ¥1,534,875,584.33 from ¥2,804,544,423.45, a reduction of about 45.4%[18] - Total equity increased to ¥2,704,328,833.47 from ¥2,580,227,638.76, reflecting a growth of approximately 4.8%[18] - Non-current liabilities decreased to ¥299,239,274.39 from ¥570,533,995.85, a decline of about 47.5%[18] - The company’s total liabilities decreased significantly, with short-term borrowings down 66.42% to ¥226,088,943.95[8] Cash Flow - Cash flow from operating activities increased by 301.70% to ¥775,818,355.30[9] - The net cash flow from operating activities was $775.82 million, a significant increase from $193.14 million in the previous period, reflecting improved operational efficiency[21] - The net cash flow from investing activities was negative at -¥399,391,260.28, a decrease of 380.02% year-over-year[9] - Total cash inflow from investment activities amounted to $2.37 billion, while cash outflow was $2.77 billion, resulting in a net cash flow of -$399.39 million[21] - The net cash flow from financing activities was -$921.75 million, compared to -$15.92 million in the previous period, indicating increased debt repayment and dividend distribution[21] - The cash flow from operating activities was impacted by a total outflow of $2.11 billion, which included tax payments and other operational expenses[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 459,088[10] - The largest shareholder, Li Xinyu, holds 11.74% of shares, totaling 147,944,462 shares, with 1,331,435 shares frozen[10] - The second-largest shareholder, Song Ying, holds 6.98% of shares, totaling 87,883,405 shares[10] Operational Metrics - Cash received from sales of goods and services was ¥2,712,377,633.53, down from ¥2,992,822,537.06, a decrease of approximately 9.4% year-over-year[20] - Cash paid for purchasing goods and services was $546.40 million, a decrease from $1.53 billion, indicating cost control measures[21] - Cash paid to employees increased to $1.35 billion from $1.04 billion, reflecting higher personnel costs[21] - The company did not execute any significant mergers or acquisitions during this period, focusing instead on internal growth strategies[21] Investment and Development - The company reported a significant increase in trading financial assets, up 1086.58% to ¥523,816,205.68[8] - The company’s development expenditure rose by 154.50% to ¥53,253,484.35, reflecting increased investment in R&D[8] - The company experienced a 3254.16% increase in fair value changes, amounting to ¥75,805,575.46, due to performance compensation received[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥20,162,409.68, a decrease of 28.32% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,402,257.63, reflecting a decline of 3.57% year-on-year[5] - The basic earnings per share for the period was -¥0.0720, down 3.60% from the previous year[5] - Total operating revenue decreased to ¥62,918,983.75 from ¥85,817,835.29, a decline of approximately 26.7% year-over-year[25] - Net profit for the period was -¥39,400,550.78, compared to -¥38,202,742.76 in the previous period, indicating a slight increase in losses[26] - Operating profit improved to -¥44,318,649.57 from -¥47,353,216.48, showing a reduction in losses of approximately 6.4%[26] - Basic and diluted earnings per share were both -0.1813, slightly improved from -0.1836 in the previous period[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥11,707,290.82, a decline of 39.40% year-to-date[5] - The net cash flow from operating activities for the first nine months of 2025 was -11,707,290.82, a decrease of 39.40% compared to -8,398,388.30 in the same period of 2024[14] - The net cash flow from investing activities for the first nine months of 2025 was -27,385,145.73, representing a significant decline of 120.10% from -12,442,279.15 in the previous year[14] - Cash flow from operating activities resulted in a net outflow of -¥11,707,290.82, worsening from -¥8,398,388.30 in the previous period[28] - Cash flow from investing activities showed a net outflow of -¥27,385,145.73, compared to -¥12,442,279.15 in the prior period, indicating increased investment losses[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥552,178,989.62, a decrease of 7.71% from the end of the previous year[5] - As of September 30, 2025, the total assets of Wuxi Luyitong Vision Network Co., Ltd. amounted to CNY 552,178,989.62, a decrease from CNY 598,309,271.44 at the beginning of the period[21] - The company's current assets decreased to CNY 392,804,910.54 from CNY 438,537,422.16, reflecting a decline of approximately 10.4%[22] - The total liabilities decreased to CNY 70,693,350.09 from CNY 79,376,491.73, indicating a decline of about 10.5%[23] - The equity attributable to the parent company decreased from CNY 511,495,119.70 to CNY 475,226,060.28, a decrease of approximately 7.1%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,156, with no preferred shareholders restoring voting rights[16] - The largest shareholder, Wu Shichun, holds 10.46% of the shares, amounting to 20,926,471 shares[16] - The second-largest shareholder, Jia Qing, holds 6.28% of the shares, totaling 12,550,600 shares, which are currently frozen[16] - The company received a notice from Wu Shichun regarding an increase in shareholding, reaching 1% of the total shares, equivalent to 2,354,200 shares, on July 2, 2025[19] - Following this increase, Wu Shichun's total shareholding rose to 18,413,471 shares, representing 9.21% of the total shares[19] - The company has not disclosed any relationships or agreements among the top shareholders[16] Expenses and Income - The company's management expenses increased by 30.57% to ¥26,639,093.30, primarily due to higher employee compensation and intermediary fees[13] - Investment income surged by 172.10% to ¥939,012.96, attributed to the disposal of long-term equity investments[13] - The company experienced a 93.28% reduction in credit impairment losses, amounting to -¥783,970.81, due to a decrease in provisions for accounts receivable[13] - The company reported a tax expense of -¥4,512,660.20, down from -¥8,341,499.56 in the previous period, reflecting a reduction in tax liabilities[26]

Revenue and Profitability - Revenue for the third quarter was CNY 351,325,151.69, a decrease of 30.17% year-over-year, and year-to-date revenue was CNY 1,030,853,792.58, down 32.25% compared to the same period last year[5] - Net profit attributable to shareholders was CNY -71,127,159.85, a decline of 98.38% year-over-year, with a year-to-date net profit of CNY -191,411,034.71, down 757.77%[5] - Basic and diluted earnings per share were both CNY -0.27, representing a decrease of 94.51% year-over-year, and year-to-date earnings per share were CNY -0.73, down 711.11%[5] - Total operating revenue decreased to ¥1,030,853,792.58 from ¥1,521,525,920.35, representing a decline of approximately 32.3% year-over-year[20] - Net loss for the period was ¥199,868,784.61, compared to a net loss of ¥26,716,676.63 in the previous period, indicating a significant increase in losses[22] - Basic and diluted earnings per share were both -¥0.73, compared to -¥0.09 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,783,671,634.97, a decrease of 5.43% from the end of the previous year[5] - Total assets decreased to ¥2,783,671,634.97 from ¥2,943,637,784.46, a reduction of about 5.4%[17] - Total liabilities increased to ¥2,173,347,926.50 from ¥2,165,935,668.45, reflecting a slight increase of about 0.5%[18] - Current liabilities increased slightly to ¥1,955,308,019.40 from ¥1,950,679,138.26, showing a marginal rise of about 0.2%[17] - Short-term borrowings rose significantly to ¥896,184,613.28 from ¥782,097,201.68, an increase of approximately 14.6%[17] Equity and Shareholder Information - The company’s total equity attributable to shareholders decreased by 26.40% to CNY 526,337,888.62 compared to the end of the previous year[5] - Total equity attributable to shareholders decreased to ¥526,337,888.62 from ¥715,118,765.93, a decline of approximately 26.4%[18] - Total number of common shareholders at the end of the reporting period is 45,471[13] - The largest shareholder, China Weapon Equipment Group, holds 39.57% of shares, totaling 103,359,556 shares[13] - The number of shares held by the top ten unrestricted shareholders includes significant holdings by China Weapon Equipment Group and Southern Industrial Asset Management, indicating concentrated ownership[13] Cash Flow and Investments - Cash flow from operating activities showed a net increase of CNY 228,962,697.28, a growth of 66.28%, mainly due to reduced procurement payments in the previous period[10] - Cash flow from operating activities showed a net outflow of ¥116,471,090.51, an improvement from a net outflow of ¥345,433,787.79 in the previous period[23] - The company reported an increase in investment cash outflows by CNY 4,533,417.95, primarily due to the acquisition of minority shareholder equity[11] - The net cash flow from investing activities was -$36,246,912.87, a decrease from -$62,972,024.05 in the previous period[24] - Cash inflow from financing activities totaled $653,119,192.75, slightly down from $668,114,919.02 year-over-year[24] - The net cash flow from financing activities was $88,803,462.23, compared to $302,067,616.18 in the prior period, indicating a significant decline[24] - The cash and cash equivalents at the end of the period amounted to $228,252,463.51, down from $279,427,391.63 in the previous year[24] - The total cash outflow for investing activities was $37,399,153.58, compared to $63,860,592.18 in the previous period[24] Operating Performance - The company reported a significant decrease in operating income, down CNY 490,672,127.77 or 32.25%, primarily due to product structure adjustments and fluctuations in customer market demand[9] - Total operating costs decreased to ¥1,219,348,493.91 from ¥1,571,514,040.67, a reduction of about 22.4% year-over-year[20] - Research and development expenses decreased by CNY 29,944,362.73, a decline of 31.55%, as new projects were in the research phase[9] - Research and development expenses decreased to ¥64,961,561.86 from ¥94,905,924.59, a reduction of about 31.6% year-over-year[20] - Other income decreased significantly to ¥9,544,906.93 from ¥29,421,436.20, a decline of approximately 67.6% year-over-year[20] - The company reported an investment loss of ¥19,578,551.46, worsening from a loss of ¥7,555,558.30 in the previous period[21] Miscellaneous - The company did not undergo an audit for the third quarter financial report[25] - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[25]

Financial Performance - Q3 2025 revenue was ¥92,181,151.04, a decrease of 58.47% year-over-year, and cumulative revenue for the year reached ¥336,982,166.72, down 45.57% compared to the previous year[5] - The net profit attributable to shareholders was a loss of ¥86,446,254.59, representing a decline of 462.22% year-over-year, with a cumulative loss of ¥160,077,427.47, down 460.24%[5] - The basic and diluted earnings per share were both -¥0.0990, a decrease of 412.95% compared to the same period last year[5] - Operating income for the year-to-date was ¥336,982,166.72, down 45.57% from ¥619,136,632.77 in the previous year, attributed to a slowdown in market demand[11] - Total operating revenue for the current period was CNY 336,982,166.72, a decrease from CNY 619,136,632.77 in the previous period, representing a decline of approximately 45.6%[24] - The company reported a net profit of -162,231,063.56 yuan, a significant decline compared to the previous year's net profit of 41,563,916.53 yuan[25] - Operating profit turned negative at -162,996,657.12 yuan, contrasting with a positive operating profit of 37,954,855.59 yuan in the prior period[25] - Total revenue from operating activities decreased to 468,177,582.20 yuan, down from 488,944,190.55 yuan year-over-year[28] - Basic and diluted earnings per share were both reported at -0.1832, a decline from 0.0559 in the previous year[26] Cash Flow and Assets - Operating cash flow for the year-to-date was ¥35,863,465.32, an increase of 1,028.95% compared to the same period last year[5] - Cash flow from operating activities showed a net inflow of 35,863,465.32 yuan, a recovery from a net outflow of -3,860,624.73 yuan in the previous period[28] - The company's cash and cash equivalents at the end of the period amounted to CNY 1,038,823,878.06, down from CNY 1,082,730,950.21 at the beginning of the period, reflecting a reduction of approximately 4.1%[18] - The company's cash and cash equivalents at the end of the period stood at 1,034,690,033.72 yuan, compared to 271,452,584.65 yuan at the end of the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,283,183,097.53, a decrease of 4.43% from the end of the previous year[5] - Total assets decreased to CNY 4,283,183,097.53 from CNY 4,481,824,962.63, a reduction of about 4.4%[22] - Total liabilities decreased to CNY 319,419,538.25 from CNY 355,787,998.30, indicating a decline of approximately 10.2%[21] - The company's total equity decreased to CNY 3,963,763,559.28 from CNY 4,126,036,964.33, reflecting a decrease of about 3.9%[22] Expenses - The company incurred research and development expenses of 98,127,456.76 yuan, a decrease from 109,791,399.03 yuan year-over-year[25] - Sales expenses increased to 106,982,498.74 yuan, up from 98,281,059.71 yuan in the prior period[25] - The company experienced a significant increase in financial expenses, with interest expenses reported at 552,791.72 yuan compared to 777,240.19 yuan previously[25] Impairments and Losses - The company reported a significant increase in credit impairment losses, amounting to -¥5,720,145.31, a decline of 251.54% year-over-year due to increased aging of receivables[11] - Investment income decreased by 37.04% to ¥2,616,225.41, reflecting increased losses from equity method accounted joint ventures[11] - The company recorded a 92.01% decrease in asset disposal income, totaling ¥576,722.82, compared to ¥7,216,580.21 in the previous year[11] Corporate Governance - The company plans to hold its second extraordinary general meeting of 2025 on August 6, 2025, to discuss amendments to the company's articles of association[16] - The company will no longer have a supervisory board, with its functions being transferred to the audit committee of the board of directors[17] Inventory and Receivables - Accounts receivable decreased to CNY 234,036,275.40 from CNY 268,592,664.07, a decline of about 12.8%[18] - Inventory increased to CNY 42,551,417.72 from CNY 28,251,992.55, representing an increase of approximately 50.7%[18]