烟台双塔食品股份有限公司 2025 年第三季度报告 证券代码：002481 证券简称：双塔食品 公告编号：2025-071 烟台双塔食品股份有限公司 一、主要财务数据 （一） 主要会计数据和财务指标 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 烟台双塔食品股份有限公司 2025 年第三季度报告 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） | 468,701,429.94 | -33. ...

广州珠江啤酒股份有限公司 2025 年第三季度报告 证券代码：002461 证券简称：珠江啤酒 公告编号：2025-029 广州珠江啤酒股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 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） | 1,875,481,669.53 | -1.34% | 5,073,011,739.25 | 3.81% | | 归属于上市公司股东 | 331,762,301.58 | 8.16% | 944,077,501.93 | 17.05% | | 的净利润（元） | | | | | | 归属于上市公司股东 | | | | | | 的扣除非经常性损益 | 313,332,833.93 | 7.14% | 899,91 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 46,777,321.86, a decrease of 77.24% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -22,014,033.34, reflecting a 1.87% increase year-on-year, while the year-to-date net profit was CNY -58,808,509.18, a decrease of 15.31%[5]. - The basic and diluted earnings per share were both CNY -0.1376, showing a 1.88% increase compared to the previous year[5]. - The company reported a net loss of ¥111,896,386.78 for the current period, compared to a net loss of ¥142,827,126.38 in the previous period, indicating an improvement of approximately 21.6%[22]. - Operating profit was recorded at -¥99,508,492.57, an improvement from -¥138,467,051.08 in the prior year, reflecting a reduction in operating losses[22]. - Total revenue from operating activities decreased to ¥112,784,850.86, down 64.1% from ¥314,906,413.45 in the previous period[24]. - The total comprehensive loss for the period was ¥111,896,386.78, compared to a loss of ¥142,827,126.38 in the previous period, showing a reduction in overall losses[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 835,110,541.60, down 4.33% from the end of the previous year[5]. - Total assets decreased to CNY 835,110,541.60 from CNY 872,889,077.17, reflecting a decrease of about 4.3%[19]. - Total liabilities increased to CNY 910,810,218.00 from CNY 866,432,366.79, representing an increase of approximately 5.1%[19]. - Non-current liabilities decreased to CNY 95,081,608.33 from CNY 148,312,534.59, indicating a reduction of about 35.8%[19]. - The total equity attributable to shareholders of the parent company is CNY -1,051,269.75, down from CNY 28,017,239.42 in the previous period, reflecting a significant decline[19]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -45,853,751.58, a significant decrease of 251.81% year-to-date[5]. - Cash received from sales decreased by 35.68% to ¥82.50 million, attributed to the divestment of the rubber and plastic business and a decline in the lighting business[10]. - Cash received from other operating activities fell by 83.82% to ¥30.19 million, mainly due to a temporary loan from the controlling shareholder in the previous period[10]. - Cash paid for purchasing goods and services decreased by 44.07% to ¥62.45 million, reflecting the impact of the rubber and plastic business divestment[10]. - Cash flow from the disposal of fixed assets increased by 448.88% to ¥10.78 million, primarily from the sale of real estate in Zhaoqing[10]. - The company’s cash and cash equivalents at the end of the period stood at ¥1,012,893.92, a decrease from ¥1,062,279.22 at the end of the previous period[25]. Expenses - The company’s management expenses decreased by 28.32% to CNY 48,586,893.91, mainly due to the reduction of personnel costs after the divestment of the rubber and plastic business[9]. - Research and development expenses were CNY 4,497,793.68, down 61.30% compared to the previous year, indicating a reduction in R&D activities[9]. - Financial expenses increased by 28.41% to approximately ¥23.18 million due to overdue loans and interest rate adjustments[10]. - The company incurred financial expenses of ¥23,179,014.94, which is an increase from ¥18,050,967.76 in the previous period, primarily due to higher interest expenses[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,556[13]. - The largest shareholder, Guangdong Guoli Technology Holdings Co., Ltd., holds 12.00% of shares, totaling 19,202,400 shares[13]. Other Financial Metrics - The company reported a 96.54% decrease in non-operating income to ¥66,006.37, mainly due to the previous period's exemption of inter-company receivables[10]. - The company experienced a 475.71% increase in non-operating expenses to ¥12.53 million, primarily due to increased penalties in the current period[10]. - The company has not undergone an audit for the third quarter financial report, which may affect investor confidence[27].

江苏太平洋精锻科技股份有限公司 2025 年第三季度报告 证券代码：300258 证券简称：精锻科技 公告编号：2025-104 江苏太平洋精锻科技股份有限公司 2025 年第三季度报告 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 江苏太平洋精锻科技股份有限公司 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 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。 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 504,926,239. ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,006,809,609.71, representing a 65.80% increase year-over-year[5] - Net profit attributable to shareholders was ¥18,715,472.66, up 56.01% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,133,610.88, reflecting a 4.95% increase year-over-year[5] - Operating revenue for the first nine months of 2025 reached ¥2,750,140,826.02, a 46.36% increase compared to ¥1,879,023,920.10 in the same period of 2024, primarily due to increased revenue from other business activities[12] - Net profit for the first nine months of 2025 was ¥87,949,628.55, an 80.17% increase from ¥48,816,012.96 in 2024, attributed to revenue growth and reduced financing costs[12] - Basic earnings per share for the period was ¥0.02, a 100.00% increase compared to the same period last year[5] - For the first three quarters of 2025, the company reported cumulative revenue of CNY 2,750.14 million, reflecting a growth of 46.36%; net profit attributable to shareholders reached CNY 87.95 million, an increase of 80.17%[21] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥6,448,621,771.61, a decrease of 3.89% from the end of the previous year[5] - Current liabilities totaled CNY 1,824.80 million, a decrease from CNY 2,001.76 million at the start of the period[25] - The total liabilities decreased to ¥2,212,551,628.01 from ¥2,593,081,997.70, a reduction of about 14.7%[26] - The total equity attributable to shareholders increased to ¥4,235,679,895.89 from ¥4,115,870,078.28, marking a growth of approximately 2.9%[26] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥248,683,438.05, down 7.35% compared to the previous year[5] - Cash received from sales and services amounted to ¥2,859,608,755.64, a 53.80% increase from ¥1,859,324,115.17, driven by increased operating revenue[13] - Cash paid for purchasing goods and services increased to ¥2,180,591,063.20, an 84.68% rise from ¥1,180,735,588.39, primarily due to higher material payments[13] - Cash flow from investment activities rose by 143.10% to ¥1,410,000,000.00, compared to ¥580,000,000.00, reflecting increased purchases of cash management products[13] - Net cash flow from investment activities was -56,690,280.56, compared to -89,521,317.44 in the previous period, indicating an improvement[31] - Total cash inflow from financing activities was 928,090,782.00, up from 646,257,767.22 in the previous period[31] - Net cash flow from financing activities was -265,773,156.71, compared to -309,596,386.63 in the previous period, showing a reduction in cash outflow[31] Investment and R&D - Investment income surged to ¥18,244,549.82, a 471.95% increase from a loss of ¥4,905,062.79 in the previous year, mainly due to gains from the sale of equity in an associated company[12] - The company has made significant investments in R&D for new technologies and products, positioning itself for future market expansion[21] - Research and development expenses rose to ¥126,054,433.70 from ¥111,124,906.67, an increase of about 13.5%[27] Shareholder Information - The top shareholder, Hisense Visual Technology Co., Ltd., holds 26.19% of the shares, totaling 241,068,982 shares[16] Business Developments - The Mini backlight business experienced rapid revenue growth, with the self-developed high-performance RGB-Mini LED backlight chip gaining industry recognition[21] - The Micro MIP chip has received mass production certification from leading companies in the display industry, while the Micro COG chip is undergoing international customer certification[21] - The company is a leading supplier of gallium arsenide solar cells in China, with significant sales growth and maintaining the top market position domestically[22] - The company's VCSEL products are being validated by customers in the optical communication field, with 10G/25G products currently under testing and 50G/100G products in the wafer stage[22] Other Financial Metrics - The company reported a significant decrease in cash and cash equivalents by 32.76% due to loan repayments[10] - Accounts receivable decreased by 79.82% primarily due to a reduction in received commercial acceptance bills[10] - The company experienced a 234.16% increase in prepayments, attributed to changes in settlement methods for material purchases[11] - The company reported a 406.00% increase in credit impairment losses, amounting to ¥17,265,213.00, primarily due to the recovery of accounts receivable[12] - The company's cash and cash equivalents decreased to CNY 469.81 million from CNY 698.68 million[24] - The ending balance of cash and cash equivalents was 353,749,647.28, compared to 298,629,042.41 in the previous period, reflecting an increase[31] - The impact of exchange rate changes on cash and cash equivalents was 396,609.35, compared to 43,741.89 in the previous period[31] Audit Information - The company’s third-quarter financial report was not audited[32]

Revenue and Profitability - Q3 2025 revenue reached ¥226,388,975, an increase of 8.64% compared to ¥208,383,200 in the same period last year[5] - Net profit attributable to shareholders was ¥6,046,703, down 23.90% from ¥7,945,394 year-on-year[5] - Basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 in the previous year[5] - Total operating revenue for the current period reached ¥672,436,374.60, an increase of 4.99% compared to ¥644,144,300.78 in the previous period[2] - Net profit for the current period was ¥25,311,441.49, a decrease of 39.0% from ¥41,470,283.88 in the previous period[2] - Earnings per share (EPS) decreased to ¥0.24 from ¥0.38 in the previous period, reflecting a decline of 36.84%[3] - The company reported a total comprehensive income of ¥24,208,261.22, significantly lower than ¥41,034,937.86 in the previous period[2] Cash Flow and Liquidity - Operating cash flow increased significantly by 86.82% to ¥10,126,190 from ¥76,818,960 year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥10,126,197.70, an improvement from a net outflow of ¥76,818,968.69 in the previous period[3] - Cash and cash equivalents at the end of the period totaled ¥146,696,384.73, down from ¥306,146,530.37 at the end of the previous period[3] - The company reported a decrease in cash and cash equivalents by 35.60% to ¥192,159,246.33 due to the impact of fundraising usage[12] - The cash and cash equivalents decreased to CNY 192,159,246.33 from CNY 298,365,751.06, indicating a potential liquidity concern[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,781,402,963.32, reflecting a 4.05% increase from the previous year[5] - Total liabilities increased to CNY 833,091,647.17 from CNY 787,426,213.33, indicating a rise in financial obligations[20] - Non-current assets totaled CNY 905,838,863.78, up from CNY 772,843,439.60, showing significant investment in long-term resources[20] - The company’s total liabilities and equity reached ¥1,781,402,963.32, an increase from ¥1,711,983,351.37 in the previous period[1] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,960, with no preferred shareholders[15] - The largest shareholder, New Asia Investment, holds 36.01% of shares, totaling 42,803,571 shares, with 7,300,000 shares pledged[15] Other Financial Metrics - Other income surged by 919.31% to ¥1,730,789.20, primarily driven by increased government subsidies received[13] - Deferred income increased by 86.50% to ¥42,714,627.10, mainly due to the rise in long-term government bond subsidies[13] - The company reported a 41.42% decrease in tax payable, amounting to ¥7,840,357.81, mainly due to reduced corporate income tax[13] - Other comprehensive income showed a significant decline of 1461.43%, resulting in a loss of ¥1,103,180.27, primarily due to foreign currency translation differences[13] - The company incurred a credit impairment loss of ¥1,693,462.80, slightly improved from ¥1,724,926.71 in the previous period[2] Investments and Capital Expenditures - The company invested ¥162,149,745.43 in fixed assets during the current period, compared to ¥189,062,378.30 in the previous period[4] - Long-term receivables increased by 35.59% to ¥10,034,289.34, primarily due to new financing lease deposits[13] - Other equity instrument investments reached ¥10,000,000.00, marking a 100% increase from the previous period[13] - Construction in progress rose by 70.90% to ¥270,942,794.15, mainly due to the ongoing construction of new facilities and equipment[13] Accounting Standards and Reporting - The company has implemented retrospective adjustments following the issuance of the new accounting standard by the Ministry of Finance[5] - The new accounting standards will be implemented starting in 2025, affecting the financial statements from the beginning of that year[25] - The third quarter financial report of Meixin Technology Co., Ltd. has not been audited[25]

荣旗工业科技（苏州）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。 荣旗工业科技（苏州）股份有限公司 2025 年第三季度报告 证券代码：301360 证券简称：荣旗科技 公告编号：2025-044 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 荣旗工业科技（苏州）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） | 93,187,26 ...

Revenue and Profit - Q3 2025 revenue was CNY 125,189,993.92, a decrease of 0.49% year-over-year, while year-to-date revenue reached CNY 412,986,865.53, an increase of 7.86%[5] - Net profit attributable to shareholders for Q3 2025 was CNY 22,871,711.83, up 15.39% year-over-year, and year-to-date net profit was CNY 71,318,393.06, an increase of 10.61%[5] - Basic and diluted earnings per share for Q3 2025 were both CNY 0.1634, reflecting a 15.40% increase compared to the same period last year[5] - Total operating revenue for the current period reached ¥412,986,865.53, an increase of 7.3% compared to ¥382,885,880.88 in the previous period[16] - Net profit for the current period was ¥71,318,393.06, representing a growth of 10.7% from ¥64,476,334.23 in the previous period[17] - Earnings per share (EPS) increased to 0.5094 from 0.4605, marking a rise of 10.7%[18] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 102,440,474.87, a significant increase of 162.70%[5] - Cash flow from operating activities generated a net amount of ¥102,440,474.87, significantly higher than ¥38,994,507.44 in the previous period[19] - Cash inflow from financing activities was 13,252,317.67, while cash outflow totaled 70,000,000.00, resulting in a net cash flow of -70,000,000.00[20] - The cash flow from operating activities was not detailed in the provided data, indicating a focus on investment and financing activities[20] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1,684,255,231.46, representing a 2.14% increase from the end of the previous year[5] - Total current assets amount to ¥1,538,168,172.99, an increase from ¥1,484,709,182.29 at the beginning of the period[12] - Total assets amount to ¥1,684,255,231.46, compared to ¥1,649,023,380.55 at the beginning of the period[13] - Total current liabilities increased to ¥196,831,601.93 from ¥163,616,766.78[13] - The total liabilities increased to ¥201,195,708.71 from ¥167,893,568.06, reflecting a growth of 19.8%[14] Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 57.09% to CNY 201,400,121.25 due to increased cash management investments[8] - Cash and cash equivalents decreased to ¥201,400,121.25 from ¥469,368,259.16[12] - Total cash and cash equivalents at the end of the period amounted to 201,400,121.25, down from 347,879,320.17[20] - The company experienced a decrease in cash and cash equivalents by 267,732,659.75 during the period[20] Investments - Cash flow from investing activities showed a decrease of 30% year-over-year, amounting to CNY -300,007,292.77, mainly due to increased cash received from investment recoveries[8] - Investment cash inflows included ¥1,611,500,000.00 from recovered investments, compared to ¥1,020,000,000.00 in the prior period, indicating a 58% increase[19] - The company reported a significant increase in cash outflow for investment activities, totaling 1,929,815,646.93 compared to 1,451,512,169.81 in the previous period[20] - The cash inflow from investment activities was 1,629,808,354.16, indicating active investment strategies[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,220[10] - The largest shareholder, Mo Wenyi, holds 38.40% of shares, totaling 53,757,216 shares[10] - The company has a total of 0 preferred shareholders at the end of the reporting period[11] - The company has no changes in the number of shareholders participating in the margin trading business compared to the previous period[11] Other Financial Metrics - The fair value change income from trading financial assets increased by 36% to CNY 9,328,154.20, attributed to the appreciation of these assets[8] - Government subsidies recognized during the year-to-date period amounted to CNY 1,289,611.73, contributing to an increase in other income by 82%[8] - The company reported a financial asset fair value change gain of ¥9,328,154.20, compared to ¥6,838,360.48 in the previous period, an increase of 36.4%[17] - Deferred income decreased to ¥1,291,857.02 from ¥1,634,771.13, a decline of 20.9%[14] Audit and Accounting Standards - The third quarter financial report was not audited, which may affect the reliability of the reported figures[21] - The company has not yet adopted the new accounting standards starting from 2025[21]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,252,139,687.41, representing a year-on-year increase of 5.01%[5] - Net profit attributable to shareholders was ¥124,611,530.45, up 17.98% compared to the same period last year[5] - The basic earnings per share increased by 16.67% to ¥0.14[5] - Total operating revenue for the current period reached ¥3,613,105,075.29, an increase of 5.16% compared to ¥3,436,354,876.49 in the previous period[18] - Net profit for the current period was ¥243,452,751.43, representing a 7.93% increase from ¥225,553,546.61 in the previous period[19] - Basic and diluted earnings per share were both ¥0.28, compared to ¥0.26 in the prior period[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,499,692,921.50, reflecting a 3.55% increase from the end of the previous year[5] - Total assets increased to ¥3,499,692,921.50, up from ¥3,379,648,532.26, reflecting a growth of 3.30%[16] - Total liabilities rose to ¥586,967,094.18, compared to ¥571,388,017.98, marking an increase of 2.92%[16] - The company's equity attributable to shareholders reached ¥2,912,725,827.32, an increase from ¥2,808,260,514.28, representing a growth of 3.93%[16] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥513,599,638.31 for the year-to-date[5] - Operating cash inflow for the current period was CNY 3,286,258,358.03, an increase of 10.3% from CNY 2,979,073,875.56 in the previous period[21] - Net cash outflow from operating activities was CNY -513,599,638.31, an improvement from CNY -669,948,521.81 in the previous period[22] - Cash inflow from investment activities totaled CNY 1,196,187,168.05, up from CNY 821,491,026.57 in the previous period, marking a 45.7% increase[22] - Cash received from investment recoveries was CNY 1,194,000,000.00, significantly higher than CNY 820,000,000.00 in the previous period, representing a 45.6% increase[22] Operational Metrics - Accounts receivable increased by 48.54% to ¥1,298,709,873.46, attributed to higher revenue and lower cash collection during the quarter[8] - Inventory rose by 68.65% to ¥59,393,530.03, due to unfulfilled contract obligations[8] - The company reported a significant increase in contract assets, totaling ¥1,019,588,202.55, compared to ¥797,617,533.11 in the previous period, reflecting a growth of 27.77%[16] - Total operating costs amounted to ¥3,340,959,681.05, up 5.06% from ¥3,179,277,176.50 in the prior period[18] Strategic Initiatives - The company established a wholly-owned subsidiary in Hong Kong to build a cross-border technology collaboration platform[13] - The company signed business cooperation agreements with multiple overseas institutions to accelerate its international expansion strategy[13] - Future plans include expanding AI applications in marketing, risk control, and operations across various financial business scenarios[13] - The company is exploring opportunities in digital asset management, cross-border payments, and supply chain finance using blockchain and smart contract technologies[13] Research and Development - The company has ongoing construction of a research and development center, contributing to a 139.44% increase in construction in progress to ¥70,237,541.11[8] - Research and development expenses for the current period were ¥332,548,685.07, up from ¥316,494,497.72, indicating a 5.07% increase[19] Other Income - The company reported a 91.84% increase in other income, totaling ¥15,044,450.12, primarily from government subsidies[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥55,239,429.82, representing a 52.60% increase year-over-year, while the year-to-date revenue decreased by 3.71% to ¥162,658,964.40[5] - Net profit attributable to shareholders for Q3 2025 was ¥1,125,856.88, a significant increase of 108.47% compared to the same period last year, with a year-to-date net profit of ¥1,341,019.47, up 111.28%[5] - Operating revenue decreased by 3.71% to ¥162,658,964.40 compared to the previous period[13] - Net profit increased by 123.91% to ¥2,818,804.79, a significant recovery from a loss in the previous period[14] - Total profit increased by 136.20% to ¥4,264,871.42, reflecting a turnaround in financial performance[14] Profitability and Margins - The company's gross profit margin improved to 36.61%, an increase of 8.47 percentage points from 28.14% in the previous year, driven by a rise in sales of separation membranes and water treatment equipment[8] - Other income decreased by 75.23% to ¥539,044.40, primarily due to reduced government subsidies[13] - The company reported a 902.21% increase in investment income to ¥995,032.74, driven by profits from joint ventures[13] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period reached ¥5,291,492.62, marking a 118.01% increase compared to the previous year[5] - The company reported a significant increase in cash flow from operating activities, with cash received from sales reaching ¥223,435,157.89, compared to ¥143,312,683.58 in the previous period[34] - Net cash inflow from operating activities was $5,291,492.62, compared to a net outflow of $29,381,442.77 in the previous period, indicating a significant improvement[35] - Total cash inflow from financing activities reached $139,398,146.53, up from $40,100,000.00 in the prior period, reflecting strong capital raising efforts[35] - Cash and cash equivalents at the end of the period totaled $115,952,165.11, compared to $36,709,059.23 at the end of the previous period, showing a substantial increase[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,030,627,648.86, an increase of 8.68% from the previous year[5] - The total liabilities increased to ¥360,934,292.15 from ¥323,908,090.84, indicating a rise of 11.4%[28] - The total equity attributable to shareholders increased to ¥607,327,712.07 from ¥577,416,350.25, marking a growth of 5.2%[28] - Total cash inflow from operating activities of $241,880,485.04, compared to $149,758,027.85 previously, reflecting strong operational performance[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,439[16] - The largest shareholder, Hangmo Technology Development Group Co., Ltd., holds 23.63% of shares[16] - The major shareholder, Gaoxin Investment Development Co., Ltd., reduced its shareholding from 7.25% to 7.00%, selling a total of 767,100 shares, which represents 0.9925% of the company's total share capital during the reduction period from June 11, 2025, to September 10, 2025[19] Strategic Initiatives - The company plans to enhance the promotion of new products and expand its market presence in the industrial and municipal water treatment sectors in Q4 2025[9] - The company aims to improve overall operational performance by enhancing budget management and controlling costs and expenses[9] - The company changed its name to "Tianjin Membrane Technology Group Co., Ltd." to better align with its business strategy[18] Investment Activities - The company acquired a limited partnership interest in the Tianjin Membrane Green Venture Capital Fund for a total of 40 million yuan, holding 50% of the fund's total scale after the transaction[21] - The company introduced an investment of 135 million yuan into its wholly-owned subsidiary, Hebei Jinmem New Materials Technology Co., Ltd., through the Jing-Jin-Ji Membrane Materials Fund[22] Operational Efficiency - The accounts receivable decreased by 15.85% to ¥186,415,563.25, indicating improved collection efforts[11] - Operating costs decreased by 15.07% to ¥103,104,618.72, indicating improved cost management[13] - R&D expenses decreased by 6.08% to ¥18,688,910.42, suggesting a potential shift in investment strategy[13] - The company's research and development expenses were ¥18,688,910.42, slightly down from ¥19,899,426.96, indicating a focus on cost management[31] Audit and Compliance - The company did not undergo an audit for the third quarter financial report, which may impact investor confidence[36]