Financial Performance - The company's revenue for Q3 2025 reached ¥1,439,976,122.97, representing a 40.15% increase year-over-year[5] - Net profit attributable to shareholders was ¥84,577,267.02, up 23.69% compared to the same period last year[5] - Total operating revenue for the period reached CNY 3,506,472,205.77, an increase of 28.9% compared to CNY 2,719,660,658.39 in the previous period[19] - Operating profit rose to ¥282.61 million, up from ¥225.55 million, reflecting an increase of about 25.3%[20] - Net profit for the period reached ¥219.48 million, compared to ¥183.79 million in the previous year, marking a growth of approximately 19.4%[20] - Total comprehensive income amounted to ¥220.56 million, compared to ¥184.02 million, indicating an increase of around 19.8%[21] - The company reported a significant increase in sales revenue from goods and services, totaling ¥2.22 billion, compared to ¥1.29 billion in the prior year, representing a growth of approximately 72.1%[22] Earnings Per Share - The basic earnings per share decreased by 7.24% to ¥0.93, while diluted earnings per share also decreased by 7.24% to ¥0.93[5] - Basic and diluted earnings per share were both ¥2.42, down from ¥2.68 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,304,944,415.48, reflecting a 10.03% increase from the end of the previous year[5] - Total assets increased to CNY 5,304,944,415.48, compared to CNY 4,821,504,379.76 at the beginning of the period, marking a growth of 10.0%[18] - Total liabilities rose to CNY 2,791,908,104.18 from CNY 2,462,825,362.52, an increase of 13.3%[18] - The company's equity attributable to shareholders increased to CNY 2,499,852,299.99 from CNY 2,343,778,610.18, reflecting a growth of 6.7%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥387,849,079.42, an increase of 28.58%[5] - Cash flow from operating activities generated ¥387.85 million, up from ¥301.65 million, showing a growth of approximately 28.5%[23] - Cash flow from investing activities resulted in a net outflow of ¥1.20 billion, compared to a net outflow of ¥273.76 million in the previous period[23] - Cash and cash equivalents at the end of the period totaled ¥355.64 million, down from ¥167.67 million, reflecting a decrease of approximately 112.5%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,423[11] - The largest shareholder, Shenzhen Wangxing Industrial Development Co., Ltd., holds 27.30% of shares, totaling 24,953,837 shares[12] - The second-largest shareholder, Tian Wangxing, owns 18.38% of shares, amounting to 16,800,000 shares[12] - The total number of restricted shares held by Shenzhen Wangxing Industrial Development Co., Ltd. increased by 7,129,668 shares, bringing the total to 24,953,837 shares[13] - Tian Wangxing's restricted shares increased by 4,800,000 shares, totaling 16,800,000 shares[13] - The total number of restricted shares for Tian Ben increased by 2,000,000 shares, resulting in 7,000,000 shares[13] - The total number of shares held by the top 10 shareholders represents a significant concentration of ownership, with the top three shareholders holding over 53% of the total shares[12] - The company plans to release some restricted shares on November 22, 2027, which may impact future liquidity[13] - The shareholder relationships indicate that Tian Wangxing and Tian Ben are the actual controllers of the company, with various entities under their control[12] Expenses - The company experienced a 45.86% increase in sales expenses, totaling ¥40,353,225.47, driven by expanded sales scale and increased employee compensation[9] - R&D expenses increased to ¥122.41 million from ¥102.72 million, representing a growth of approximately 19.1% year-over-year[20] - The company incurred financial expenses of ¥4.38 million, a decrease from ¥8.14 million, indicating a reduction of about 46.1%[20] Other Financial Metrics - The company's cash and cash equivalents decreased to CNY 559,713,925.09 from CNY 1,390,667,116.62 at the beginning of the period, representing a decline of 59.8%[16] - Accounts receivable increased to CNY 1,324,962,908.26 from CNY 1,133,652,884.51, reflecting a growth of 16.8%[16] - Inventory rose to CNY 869,181,880.00, up 26.0% from CNY 690,014,340.11 at the start of the period[16] - The company reported a significant increase in prepayments, which rose by 251.05% to ¥5,666,997.88, attributed to increased raw material payments[8] - The company's short-term borrowings increased by 35.34% to ¥197,259,393.51, primarily due to an increase in discounted bills[8] - Investment income surged by 118.69% to ¥863,172.16, mainly due to gains from equity disposals and financial products[9] Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific details were not provided in the content[19]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥36,365,469.01, representing a year-on-year increase of 238.17%[3] - The total profit for the period was a loss of ¥671,096.16, with a year-to-date total profit loss of ¥1,599,280.71, reflecting a decrease of 143.76% compared to the previous year[3] - Net profit attributable to shareholders for Q3 was ¥153,744.17, while the year-to-date net profit decreased by 80.11% to ¥705,830.94[3] - Total operating revenue for the first three quarters of 2025 reached ¥110,319,494.53, a significant increase from ¥46,210,614.87 in the same period of 2024, representing a growth of approximately 138%[20] - The net profit for the first three quarters of 2025 was a loss of ¥776,729.71, contrasting with a net profit of ¥3,548,311.76 in the same period of 2024[21] - The total profit (loss) for the period was -1,458,073.97, compared to a profit of 3,652,800.74 in the previous period[31] - The net profit (loss) for the period was -781,818.77, down from a profit of 3,550,085.19 in the previous period[31] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥917,546,225.80, an increase of 3.66% from the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to RMB 917,546,225.80, an increase from RMB 885,127,023.62 as of December 31, 2024, reflecting a growth of approximately 3.5%[15] - The total liabilities as of the latest reporting period amounted to ¥135,238,949.23, up from ¥100,714,705.35 in the previous year, reflecting an increase of about 34%[19] - The total liabilities decreased to CNY 12,726,708.13 from CNY 14,114,320.61, indicating a reduction of approximately 9.8%[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was a negative ¥32,318,439.56, a decrease of 338.45% compared to the previous year[3] - Cash inflows from operating activities totaled ¥65,760,203.67 in 2025, compared to ¥52,051,488.07 in 2024, showing an increase of approximately 26%[24] - Cash flow from operating activities for the first three quarters of 2025 was 8,009,478.94, a decrease from 14,009,012.46 in the same period of 2024[34] - The net cash flow from investing activities was -28,162,731.65, compared to a positive cash flow of 1,826,500.00 in the previous year[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,307[10] - The total equity attributable to shareholders was ¥769,871,222.70, slightly down from ¥770,493,703.75 in the previous year[19] - The company’s total equity decreased slightly to CNY 768,599,731.87 from CNY 770,709,862.63[30] Operational Highlights - The increase in operating revenue was attributed to the growth in passenger car electronic products and optical injection molding parts[8] - Research and development expenses increased to ¥12,373,827.85 in 2025 from ¥8,478,359.32 in 2024, marking a rise of approximately 46%[20] - The company reported a basic earnings per share of ¥0.0003 for Q3, down 78.33% from the previous year-to-date figure of ¥0.0013[3] - The company approved adjustments to the investment amount and implementation progress of the "Weidi Cloud Bus Internet of Things Service Platform Project" during the board meeting on July 30, 2025[13] Financial Management - The company received government subsidies amounting to ¥802,786.24 related to VAT refunds for software enterprises, which positively impacted its financials[7] - The company plans to use idle funds from convertible bonds for cash management, focusing on safe, principal-protected products such as structured deposits and time deposits[14] - The company experienced a significant increase in financial expenses, with a net financial cost of -¥3,609,936.63 in 2025, compared to -¥6,008,374.74 in 2024, reflecting a decrease in financial burden[20] - Financial expenses showed a significant improvement, with a net income of CNY 4,136,215.42 compared to a loss of CNY 5,900,535.33 in the previous year[30] Inventory and Receivables - Accounts receivable increased to RMB 51,015,618.93 from RMB 35,960,603.27, showing a significant rise of approximately 42.0%[15] - Inventory rose to RMB 122,322,227.80, up from RMB 95,292,359.58, indicating an increase of around 28.4%[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 486,911,541.42 from RMB 531,334,613.39, representing a decline of about 8.4%[15] - Cash and cash equivalents at the end of the period were CNY 486,911,541.42, down from CNY 559,987,631.10[26] - The cash and cash equivalents at the end of the period were 479,959,423.53, down from 539,236,595.59 at the end of the previous year[34] Accounting Standards - The company has not yet adopted new accounting standards for the current year[35]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥310,385,491.16, representing a 32.51% increase year-over-year[6] - Net profit attributable to shareholders for Q3 2025 was ¥48,111,335.82, up 9.63% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥46,718,562.81, reflecting a 9.67% increase year-over-year[6] - Total operating revenue for the third quarter of 2025 reached CNY 818,435,475.37, an increase of 18.4% compared to CNY 691,112,868.28 in the same period last year[25] - Net profit for Q3 2025 was CNY 142,565,381.87, up 1.5% from CNY 140,400,458.46 in Q3 2024[29] - The total profit for Q3 2025 was CNY 157,827,238.65, a decrease of 0.7% from CNY 158,889,919.85 in Q3 2024[28] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥1,797,383,589.01, a 5.92% increase from the end of the previous year[6] - Current assets totaled CNY 1,091,068,952.47, a slight decrease from CNY 1,124,128,875.21 at the beginning of the period[23] - Total liabilities increased to CNY 222,316,005.55 from CNY 199,332,049.41, marking an increase of 11.0%[25] - Non-current assets totaled CNY 706,314,636.54, up from CNY 572,723,803.22, reflecting an increase of 23.3%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,811[16] - The largest shareholder, Xie Yi, holds 40.83% of shares, totaling 47,236,077 shares[16] - The company reported a total of 47,236,077 restricted shares held by shareholder Xie Yi, which are set to be released on February 24, 2027[19] - Shareholder Shen Fenghua holds 13,725,000 restricted shares, also scheduled for release on February 24, 2027[19] - The company has 5,344,500 restricted shares held by Guokai Manufacturing Transformation and Upgrade Fund, with a release date of February 24, 2025[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥129,114,012.09, a decrease of 27.45% compared to the previous year[6] - Cash flow from operating activities for Q3 2025 was CNY 129,114,012.09, down 27.4% from CNY 177,953,363.16 in Q3 2024[32] - Cash inflow from investing activities surged by 1484.71% to CNY 1,751,225,824.77, driven by an increase in cash management recoveries[14] - The company reported a net cash outflow from financing activities of CNY 69,630,205.13, compared to a net outflow of CNY 64,093,914.61 in Q3 2024[32] Expenses - Research and development expenses for the first nine months of 2025 totaled ¥69,703,810.14, a 36.20% increase year-over-year due to higher personnel costs[13] - Total operating costs for Q3 2025 were CNY 664,683,284.01, an increase of 23.3% from CNY 539,057,883.57 in Q3 2024[28] - Other income fell by 49.71% to CNY 5,320,862.84 primarily due to a reduction in government subsidies related to income[14] Earnings Per Share - The basic earnings per share for Q3 2025 was ¥0.42, down 17.65% from the same period last year[6] - Basic and diluted earnings per share for Q3 2025 were CNY 1.23, down from CNY 1.62 in Q3 2024[29] Changes in Equity - The equity attributable to shareholders increased to ¥1,575,067,583.46, marking a 5.18% rise compared to the previous year[6] - The company's retained earnings increased to CNY 641,868,567.02 from CNY 564,083,985.15, a growth of 13.8%[25]

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： 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。 光智科技股份有限公司 2025 年第三季度报告 证券代码：300489 证券简称：光智科技 公告编号：2025-076 光智科技股份有限公司 3.第三季度财务会计报告是否经过审计 □是 否 1 光智科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 423,215,980.62 | 10.60% | 1,442,973, ...

Financial Performance - The company's revenue for the third quarter reached ¥289,346,425.37, an increase of 18.43% compared to the same period last year[8] - Net profit attributable to shareholders was ¥38,435,683.40, representing a significant increase of 357.83% year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥36,653,762.13, up 1,372.47% from the previous year[8] - Basic earnings per share rose to ¥0.13, reflecting a 333.33% increase compared to the same quarter last year[8] - Total operating revenue for the current period reached ¥869,592,181.70, an increase of 15.9% compared to ¥750,399,666.62 in the previous period[24] - Operating profit significantly improved to ¥91,030,668.39, compared to ¥24,917,595.06 in the previous period, marking a growth of 264.5%[26] - Net profit for the current period was ¥81,700,837.62, up from ¥25,362,252.05, representing an increase of 222.5%[26] - Basic earnings per share rose to ¥0.27, compared to ¥0.09 in the previous period, showing a significant improvement in profitability[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,584,406,694.67, a 7.53% increase from the end of the previous year[8] - The total liabilities increased to CNY 1,935,646,514.23 from CNY 1,786,636,372.46, marking an increase of approximately 8.3%[21] - The total equity attributable to the parent company increased to CNY 617,544,781.25 from CNY 584,307,327.79, showing a growth of approximately 5.7%[23] - The company's inventory decreased to CNY 1,212,430,428.55 from CNY 1,243,534,524.95, a decline of about 2.5%[19] - The company's accounts receivable increased to CNY 113,648,824.21 from CNY 106,450,149.14, reflecting a growth of approximately 6.5%[19] - The total current assets amounted to CNY 2,269,371,094.22, up from CNY 2,076,494,264.93, indicating an increase of about 9.3%[19] - The non-current assets decreased to CNY 315,035,600.45 from CNY 326,848,398.37, a decline of about 3.6%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥176,851,970.57, up 51.38% year-on-year[13] - The company reported a net cash flow from operating activities of ¥176,851,970.57, an increase of 51.5% from ¥116,828,827.26 in the previous period[27] - Cash inflow from operating activities totaled ¥1,022,485,202.32, slightly up from ¥1,000,195,836.94, indicating stable revenue generation[27] - The company reported a net cash outflow from investing activities of ¥15,309,750.92, an improvement from a net outflow of ¥29,050,947.44 in the previous period[27] - The net cash inflow from financing activities was $73,277,944.51, compared to $70,824,721.84 in the previous period, indicating a slight increase[29] - The total cash and cash equivalents at the end of the period reached $813,610,568.97, up from $469,816,227.06, reflecting a significant increase of approximately 73%[29] - Cash received from borrowings amounted to $404,100,000.00, a substantial increase from $177,100,000.00 in the prior period[29] - Cash outflows for debt repayment totaled $276,900,000.00, compared to $78,614,943.66 previously, showing a significant rise[29] - The company reported a negative impact of $6,465,700.84 from exchange rate fluctuations on cash and cash equivalents[29] - The cash flow from financing activities outflows totaled $330,822,055.49, compared to $106,275,278.16 in the previous period, indicating increased financing activity[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,170, with the largest shareholder holding 28.84% of the shares[15] - The chairman of the company is He Yuntao, indicating leadership continuity[31] Research and Development - Research and development expenses amounted to ¥40,447,852.02, slightly up from ¥39,465,035.72, indicating continued investment in innovation[24] Other Information - The company did not have an audited financial report for the third quarter[30] - The company is set to implement new accounting standards starting in 2025[30]

Financial Performance - The company's revenue for Q3 2025 reached ¥347,759,499.88, representing a 47.62% increase compared to the same period last year[7] - Net profit attributable to shareholders was ¥294,058.36, a significant increase of 101.42% year-on-year[7] - The net profit after deducting non-recurring gains and losses was -¥1,710,449.87, a decrease of 92.14% compared to the previous year[7] - Total revenue for the period reached ¥923,625,678.89, an increase of 28.8% compared to ¥717,110,442.29 in the previous period[19] - Net profit for the period was a loss of ¥39,681,195.57, improving from a loss of ¥40,087,063.68 in the first half of 2025[14] - Gross margin improved to 8.12% in Q3 2025, up from 5.09% year-to-date[14] - The net profit for the current period is -39,681,195.57, compared to -41,493,446.58 in the previous period, indicating an improvement of approximately 4.4%[20] - Operating profit for the current period is -38,235,097.01, slightly better than -39,746,545.60 from the previous period[20] - The company reported a basic and diluted earnings per share of -0.2, an improvement from -0.21 in the previous period[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,270,768,709.23, down 6.02% from the end of the previous year[7] - Current assets decreased to ¥1,436,626,211.75 from ¥1,532,543,466.48 at the beginning of the period[16] - Total liabilities decreased to ¥272,907,791.26 from ¥369,916,435.72 at the beginning of the period[17] - The company’s total assets decreased to ¥2,270,768,709.23 from ¥2,416,175,783.36 at the beginning of the period[17] Cash Flow - The company reported a cash flow deficit from operating activities of -¥36,570,790.52, a decline of 201.19% compared to the previous year[7] - Cash flow from operations for Q3 2025 was ¥44,981,000, showing significant improvement[14] - Cash flow from operating activities shows a net outflow of -36,570,790.52, contrasting with a net inflow of 36,139,036.57 in the previous period[21] - Cash flow from investing activities results in a net outflow of -87,703,876.78, compared to -85,431,440.28 in the previous period[21] - Cash flow from financing activities has a net outflow of -27,597,409.53, an improvement from -96,614,542.68 in the previous period[22] - Total cash and cash equivalents at the end of the period is 587,846,917.61, up from 485,245,896.21 in the previous period[22] - The company received cash from sales of 802,617,844.10, an increase from 649,281,155.35 in the previous period[21] - The company incurred a total operating cash outflow of 991,909,918.34, compared to 637,484,305.23 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,230[11] - The largest shareholder, Wang Lei, holds 41.50% of the shares, totaling 83,002,000 shares[11] Government Support - Government subsidies recognized during the period amounted to ¥373,764.73, contributing to the overall financial performance[8] Future Plans - The company plans to enhance production capacity through fundraising projects, aiming for gradual recovery in gross margin[14]

南京北路智控科技股份有限公司 2025 年第三季度报告 证券代码：301195 证券简称：北路智控 公告编号：2025-45 南京北路智控科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 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 南京北路智控科技股份有限公司 2025 年第三季度报告 一、主要财务数据 适用 □不适用 单位：元 | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益（包括已计提资产 | -7,841.61 | 149,187.24 | | | 减值准备的冲销部分） | | | | | 计入当期损益的政府补助（与公司正常经 营业务密切 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥369,123,847.45, representing a 22.64% increase year-over-year[5] - Net profit attributable to shareholders was ¥167,857,811.64, up 36.44% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.3206, reflecting a 36.43% increase year-over-year[5] - Total operating revenue increased to ¥853,360,357.81, up from ¥730,238,304.07, representing a growth of approximately 16.83% year-over-year[18] - Net profit for the period reached ¥335,236,989.97, compared to ¥262,498,098.02 in the previous period, marking a growth of approximately 27.67%[19] - Total comprehensive income for the period attributable to the parent company was CNY 344,862,486.72, up from CNY 272,252,571.86 in the previous period, representing a growth of approximately 26.67%[20] - Basic and diluted earnings per share increased to CNY 0.6587 from CNY 0.5200, reflecting a rise of 26.54%[20] Assets and Equity - Total assets at the end of the reporting period amounted to ¥2,893,213,877.24, a 6.80% increase from the end of the previous year[5] - The company's total equity attributable to shareholders rose to ¥2,635,739,108.73, an increase of 11.98% from the previous year[5] - The company's total assets amounted to ¥2,893,213,877.24, an increase from ¥2,709,124,934.20, indicating a growth of about 6.79%[17] - The total equity attributable to shareholders increased to ¥2,635,739,108.73 from ¥2,353,706,702.01, reflecting a growth of approximately 11.97%[17] Cash Flow - Cash flow from operating activities increased by 79.11% to ¥286,891,077.51 year-to-date[10] - Cash inflow from operating activities totaled CNY 870,623,729.48, compared to CNY 643,008,995.35 in the previous period, marking an increase of 35.43%[20] - Net cash flow from operating activities was CNY 286,891,077.51, up from CNY 160,173,375.99, indicating a growth of 79.06%[20] - Cash inflow from investment activities was CNY 744,697,126.87, significantly higher than CNY 174,106,415.76 in the previous period, representing an increase of 327.36%[21] - Net cash flow from investment activities was -CNY 150,256,198.08, an improvement from -CNY 544,564,451.38, showing a reduction in cash outflow by 72.55%[21] - Cash inflow from financing activities was CNY 20,000,000.00, up from CNY 2,762,114.33, reflecting a growth of 624.57%[21] - Net cash flow from financing activities was -CNY 127,817,678.53, slightly worse than -CNY 120,336,902.70 in the previous period, indicating a marginal increase in cash outflow by 6.18%[21] Product Performance - The sales revenue from the "Dust Mite Drops" product was ¥794,221,951.72, a 13.38% increase year-over-year[9] - The revenue from "Artemisia Flower Pollen Sublingual Drops" surged by 117.58% to ¥44,756,599.93[9] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,427[12] - Zhejiang Wawu Management Consulting Co., Ltd. holds 38.86% of shares, totaling 203,454,131 shares[12] - The number of shares held by the top ten shareholders reflects significant concentration, with the top shareholder holding nearly 39%[12] Liabilities - Current liabilities decreased to ¥119,952,859.31 from ¥182,583,159.67, a reduction of approximately 34.29%[17] - Non-current liabilities decreased to ¥42,028,479.16 from ¥67,712,099.18, showing a decline of about 38.06%[17] Research and Development - The company completed a clinical trial for "Artemisia pollen allergen sublingual drops" in July 2025, providing evidence for long-term efficacy[13] - In August 2025, the company initiated a Phase I clinical study for "Dermatitis Diagnostic Patch 02" in Jining[13] - A Phase I clinical study for "Aspergillus niger puncture solution" was completed in September 2025, with a summary report obtained[13] Financial Position - The company's cash and cash equivalents decreased to ¥1,055,130,256.56 from ¥1,118,840,884.89[15] - Accounts receivable increased to ¥263,387,763.43 from ¥153,014,697.27[15] - The trading financial assets increased to ¥286,816,966.83 from ¥196,090,885.90[15] Audit Information - The company did not undergo an audit for the third quarter financial report[22]

Financial Performance - The company's operating revenue for Q3 2025 was ¥207,534,510.80, representing a slight increase of 0.05% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 37.01% year-on-year to ¥27,728,158.54, while the net profit after deducting non-recurring gains and losses fell by 38.42% to ¥26,860,580.33[5]. - The basic earnings per share (EPS) was ¥0.08, down 33.33% from the previous year, and diluted EPS also decreased by 38.46% to ¥0.08[5]. - Net profit for the current period was ¥137,638,092.70, down from ¥186,572,125.50 in the previous period, indicating a decline of about 26.23%[20]. - The total profit for the current period was ¥146,297,907.58, down from ¥208,946,610.70 in the previous period, representing a decline of approximately 30%[20]. - Basic earnings per share for the current period were ¥0.39, down from ¥0.52 in the previous period, reflecting a decline of approximately 25%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,087,598,500.72, a decrease of 7.72% from the end of the previous year[5]. - The company's total equity attributable to shareholders decreased by 7.21% to ¥2,776,998,188.48 compared to the end of the previous year[5]. - The total liabilities decreased to ¥310,798,929.05 from ¥353,171,936.30, showing a reduction of approximately 11.98%[20]. - The total non-current assets decreased from 2,026,344,399.95 RMB to 1,955,105,752.18 RMB, a decline of approximately 3.5%[16]. Cash Flow - Cash flow from operating activities increased by 62.41% to ¥231,624,568.23, primarily due to the recovery of time deposits[10]. - Cash generated from operating activities was ¥725,332,561.97, slightly up from ¥722,486,511.30 in the previous period, indicating a growth of about 0.39%[22]. - The net cash flow from operating activities was $231,624,568.23, an increase from $142,619,554.89 in the previous period, reflecting a growth of approximately 62.3%[23]. - Cash paid for dividends and interest was $233,324,566.20, down from $450,288,106.80, reflecting a reduction of approximately 48.2%[23]. - The net cash flow from investment activities was $8,954,734.09, an increase from $2,604,458.16, reflecting a growth of about 244.5%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,135[11]. - The largest shareholder, Ningbo Tianyi Century Investment Co., Ltd., holds 27.95% of shares, totaling 105,956,706 shares[11]. - The company plans to distribute a cash dividend of 2.8 RMB per 10 shares, totaling approximately 98,986,179.6 RMB, based on a total share capital of 353,522,070 shares after excluding repurchased shares[12]. Operational Metrics - The total operating costs increased to ¥482,201,097.26 from ¥455,418,917.37, reflecting a rise of approximately 5.67%[20]. - Research and development expenses for the current period were ¥100,490,886.34, compared to ¥98,735,187.83 in the previous period, marking an increase of about 1.78%[20]. - The company experienced a 54.82% increase in contract liabilities, reaching ¥103,419,908.69, due to an increase in advance payments received[9]. - The company reported a significant increase in investment cash flow, which rose by 243.82% to ¥8,954,734.09, mainly from the disposal of investment properties[10]. - The company reported a decrease in other comprehensive income, with a net amount of -¥7,175,491.33 compared to -¥881,495.59 in the previous period[21]. Changes in Financial Position - The company's cash and cash equivalents decreased from 598,226,797.39 RMB to 370,204,260.78 RMB during the reporting period[16]. - Accounts receivable decreased from 487,787,420.33 RMB to 468,358,682.76 RMB, indicating a reduction of approximately 3.0%[16]. - Inventory increased from 124,049,456.61 RMB to 177,570,680.75 RMB, reflecting an increase of approximately 43.2%[16]. - The company has a long-term equity investment valued at 176,997,509.24 RMB, down from 182,978,946.20 RMB[16]. - Total cash inflow from investment activities amounted to $11,119,319.45, compared to $8,720,357.87, indicating a rise of about 27.5%[23].

Financial Performance - The company's operating revenue for the third quarter was CNY 2,694,512,070.14, a decrease of 12.52% compared to the same period last year[5] - The total profit for the quarter was CNY 233,915,787.33, reflecting a decline of 5.78% year-on-year[5] - The net profit attributable to shareholders was CNY 168,217,307.11, down 5.02% from the previous year[5] - The basic earnings per share for the quarter was CNY 0.165, a decrease of 1.79% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 was CNY 8,136,852,489.55, a decrease from CNY 8,677,934,625.56 in the same period of 2024, representing a decline of approximately 6.6%[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 482,845,506.41, compared to CNY 475,305,297.38 in 2024, showing a slight increase of about 1.1%[21] - Operating profit for the first three quarters of 2025 was CNY 667,752,773.40, slightly up from CNY 663,339,393.39 in 2024, indicating a growth of approximately 0.6%[20] - Total operating costs for the first three quarters of 2025 were CNY 7,170,681,339.56, down from CNY 7,828,294,426.91 in 2024, indicating a decrease of about 8.4%[20] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 554,777,196.64, slightly higher than CNY 549,857,877.21 in 2024, reflecting a growth of about 0.3%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 11,205,965,870.44, an increase of 8.77% from the end of the previous year[6] - As of September 30, 2025, total assets amounted to RMB 11,205,965,870.44, an increase from RMB 10,302,717,725.68 at the end of 2024[16] - Current assets totaled RMB 8,825,465,237.54, up from RMB 7,881,587,819.00 at the end of 2024, reflecting a growth of approximately 11.97%[14] - Inventory increased significantly to RMB 3,532,324,938.03 from RMB 2,742,791,930.66, representing a growth of about 28.8%[15] - Short-term borrowings rose to RMB 70,095,305.52 from RMB 22,020,747.15, indicating a substantial increase of 218.5%[16] - Total liabilities reached RMB 4,016,661,186.22, compared to RMB 3,216,012,688.90 at the end of 2024, marking an increase of approximately 24.9%[16] - Non-current assets totaled RMB 2,380,500,632.90, slightly down from RMB 2,421,129,906.68 at the end of 2024[15] - The company's equity attributable to shareholders reached RMB 6,445,653,405.35, an increase from RMB 6,371,135,448.14 at the end of 2024[16] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 667,988,953.89, down 20.13% year-on-year[6] - Net cash flow from operating activities for the first three quarters of 2025 was CNY 667,988,953.89, down from CNY 836,355,440.31 in 2024, reflecting a decrease of about 20.1%[23] - Cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 3,234,637,844.26, an increase from CNY 3,196,221,204.93 at the end of 2024[24] - The company reported a net cash outflow from investing activities of CNY 20,447,804.59 in the first three quarters of 2025, compared to a larger outflow of CNY 346,198,709.42 in 2024[24] - The company experienced a decrease in cash inflow from operating activities, totaling CNY 8,614,682,172.59 in 2025, compared to CNY 9,189,702,210.83 in 2024, a decline of approximately 6.2%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,547[10] - Zhejiang Hangmin Industrial Group Co., Ltd. held 45.84% of the shares, making it the largest shareholder[11] Capital Increase - The company increased the registered capital of Hangzhou Haimin Kear Gold Co., Ltd. by RMB 45 million to enhance its capital strength and expand its business[13] - The company completed the capital increase for Hangzhou Haimin Kear Gold Co., Ltd. on September 12, 2025[13] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 3,677,095.72 for the quarter[8]