Financial Performance - The company's revenue for Q3 2025 was ¥1,762,945,514.48, a decrease of 7.63% compared to the same period last year[4] - Net profit attributable to shareholders was ¥28,581,322.43, down 69.43% year-on-year[4] - Basic earnings per share decreased by 60.00% to ¥0.02[5] - For the first nine months of 2025, the company reported revenue of CNY 547,877.62 million, a decline of 5.96% year-over-year; net profit attributable to shareholders was CNY 14,361.16 million, down 60.23% year-over-year[20] - Total operating revenue for the current period is ¥5,478,776,245.06, a decrease of 5.95% from ¥5,825,993,740.82 in the previous period[35] - Net profit for the current period is ¥154,910,003.76, a decline of 56.7% compared to ¥357,121,933.27 in the previous period[36] - The total comprehensive income for the current period is ¥156,080,684.59, down from ¥355,680,676.18, reflecting a decrease of 56.1%[36] Assets and Liabilities - Total assets increased by 9.34% to ¥21,446,058,279.58 compared to the end of the previous year[5] - The total assets increased to ¥21,446,058,279.58 from ¥19,613,210,749.70, representing a growth of 9.35%[34] - Total liabilities rose to ¥8,168,549,745.81, up from ¥6,386,981,846.39, indicating an increase of 27.87%[34] - The company's equity attributable to shareholders is ¥12,716,311,906.89, slightly up from ¥12,680,166,655.31, showing a marginal increase of 0.28%[34] Cash Flow - Cash flow from operating activities for the year-to-date was ¥1,031,398,443.05, an increase of 2.02%[4] - Net cash flow from financing activities surged by 5466.19% to ¥1,610,966,393.36, primarily due to increased borrowings[14] - Cash inflow from investment activities rose significantly to ¥3,322,599,321.89 from ¥1,056,482,740.24 year-over-year[38] - Net cash flow from financing activities improved to ¥1,610,966,393.36 from ¥28,942,003.24 in the previous period[38] - The total cash and cash equivalents at the end of the period increased to ¥1,999,489,038.22 from ¥1,302,572,038.21[38] - Cash outflow from investment activities surged to ¥5,427,821,738.38 compared to ¥2,993,294,519.55 in the previous period[38] - The company’s cash flow from operating activities totaled ¥6,117,631,386.83, down from ¥6,231,395,632.24 year-over-year[37] Business Segments - The company's IDC business generated revenue of CNY 59,583.53 million in Q3 2025, an increase of 8.74% year-over-year; for the first nine months, revenue was CNY 166,703.49 million, up 1.53% year-over-year[21] - The IDC business's gross margin decreased to 32.12%, down 3.55% year-over-year, due to increased fixed costs and customer adjustments[21] - The cloud computing business reported revenue of CNY 114,883.32 million in Q3 2025, a decline of 13.44% year-over-year; for the first nine months, revenue was CNY 371,919.74 million, down 9.83% year-over-year[22] - The gross margin for the cloud computing business was 7.30%, a decrease of 1.46% year-over-year, impacted by customer business adjustments and asset disposals[22] Investments and Projects - The company has over 72,000 cabinets in operation, with more than 16,000 new cabinets deployed recently, reflecting a significant increase in operational scale[21] - The company is actively developing data center projects in key regions, ensuring timely delivery of construction phases[23] - The company has completed the delivery of Phase I and part of Phase II of the Tianjin Baodi project, with Phase III construction set to start in the first half of 2025[24] - The Shanghai Jiading project has completed Phase I and is expected to finish all pre-sales of Phase II by 2024, with deliveries starting in early 2025[25] - The company is actively developing the Changsha project, which incorporates energy-saving technologies such as energy storage and photovoltaic power generation[26] - The company has initiated the Hohhot computing power base project, which will include four standard machine rooms and two 110kV substations, covering a total area of at least 100,000 square meters[27] Operational Efficiency - The company’s operational efficiency and service quality have improved significantly, with zero system failures reported due to extreme weather conditions during the reporting period[29] - The company has achieved energy savings of over 42 million kWh from January to September 2025 through various energy efficiency measures[28] Research and Development - Research and development expenses for the current period are ¥202,219,522.63, down from ¥213,421,176.76, a decrease of 5.24%[35] - The company has launched the Amazon EC2 C8g, M8g, and R8g instances based on the Amazon Graviton4 processor, enhancing performance and cost-effectiveness for clients[30] - The company has received the highest level of certification (Enhanced A Level) for its Tianjin Baodi cloud computing center from the China Quality Certification Center[24] Miscellaneous - The company reported an investment loss of ¥5,786,548.89, compared to a gain of ¥560,933.94 in the previous period[36] - The third quarter financial report was not audited[39]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥75,702,038.23, representing a year-on-year increase of 19.42%[5] - The net profit attributable to shareholders for the same period was ¥5,932,297.09, up 27.00% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥5,930,809.88, reflecting a 27.86% increase year-on-year[5] - Total operating revenue for the current period reached ¥210,911,905.89, an increase of 25.5% compared to ¥168,132,024.14 in the previous period[18] - Net profit for the current period was ¥8,813,870.18, a decrease of 16.1% from ¥10,501,967.75 in the previous period[20] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥67,862,682.47, showing a significant increase of 1,496.11%[5] - Operating cash flow generated was ¥67,862,682.47, significantly higher than ¥4,251,744.11 in the same period last year[22] - Cash inflow from operating activities totaled ¥219,793,868.75, compared to ¥169,212,085.21 in the prior year[22] - The net increase in cash and cash equivalents was -$524,433.01, compared to -$98,661,915.04 in the previous period, indicating a smaller decline in liquidity[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,101,580,018.07, a decrease of 6.95% from the previous year-end[5] - The total liabilities of the company were CNY 195,533,336.84, down from CNY 221,662,330.06, indicating a decrease of approximately 11.8%[16] - The company reported a total liability of ¥307,551,202.24, down from ¥377,354,396.52 in the previous year[17] - Total equity attributable to shareholders decreased to ¥792,568,226.71 from ¥805,218,523.78 year-over-year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,714[10] - The top ten shareholders hold a combined 78,000,000 shares, representing 44.99% of the total shares outstanding[12] Research and Development - Research and development expenses increased to ¥1,228,003.52, marking a 100.00% increase compared to the previous period[8] - Research and development expenses were recorded at ¥1,228,003.52, indicating ongoing investment in innovation[18] Operating Costs - The company experienced a 35.98% increase in operating costs, totaling ¥152,467,708.02, primarily due to increased procurement costs for subway media resources[8] - Total operating costs amounted to ¥203,374,889.90, up 30.1% from ¥156,261,715.50 in the prior period[18] Accounting and Auditing - The financial report for Q3 was not audited, which may impact the reliability of the reported figures[24] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[24] Other Information - The company approved the dissolution of its wholly-owned subsidiary, Sichuan Xinwang Public Network Information Management Co., Ltd., during the board meeting on September 23, 2025[13] - The company appointed Rongcheng Accounting Firm as the auditor for the 2025 financial statements, with a one-year term[13]

南京科思化学股份有限公司 2025 年第三季度报告 | 证券代码：300856 | 证券简称：科思股份 公告编号：2025-055 | | --- | --- | | 债券代码：123192 | 债券简称：科思转债 | 南京科思化学股份有限公司 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 | 年初至报告期末 | 年初至报 告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期 | | | | | | 增减 | | ...

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥356,582,306.91, representing a 110.37% increase year-over-year[4] - Net profit attributable to shareholders decreased by 10.49% to ¥7,953,397.96, while the year-to-date net profit dropped by 75.84% to ¥8,211,090.41[4] - The basic and diluted earnings per share were both ¥0.0551, reflecting a decline of 10.55% compared to the same period last year[4] - The company experienced a substantial increase in revenue due to the addition of a new subsidiary, contributing to the overall growth[7] - The decline in net profit was attributed to intense market competition and a decrease in product sales prices, alongside high inventory costs from the newly acquired subsidiary[7] - The company reported a significant drop in net profit after deducting non-recurring items, which fell by 82.02% year-to-date[7] - Total operating revenue for the current period reached ¥1,109,323,749.25, a significant increase from ¥521,841,290.11 in the previous period, representing a growth of approximately 112.5%[14] - Net profit for the current period was ¥8,211,090.41, down from ¥33,988,850.08 in the previous period, reflecting a decline of approximately 75.8%[15] - Earnings per share (EPS) decreased to ¥0.0569 from ¥0.2354, a drop of about 75.8%[16] - The company reported a total comprehensive income of ¥8,211,090.41 for the current period, compared to ¥33,988,850.08 in the previous period, a decline of approximately 75.8%[16] Cash Flow and Liquidity - Operating cash flow net amount increased significantly by 485.32% to ¥107,645,665.17 year-to-date[4] - Cash flow from operating activities generated a net amount of ¥107,645,665.17, compared to ¥18,390,885.93 in the previous period, showing an increase of approximately 485.5%[16] - The company's cash and cash equivalents decreased to ¥271,638,507.79 from ¥675,806,644.32[10] - The ending cash and cash equivalents balance was $248,332,225.55, down from $274,074,959.92 in the previous period, indicating a decline in liquidity[17] - The net increase in cash and cash equivalents was -$427,474,418.77, compared to -$48,321,980.91 in the previous period, indicating a worsening cash position[17] - The cash outflow for debt repayment was $80,996,596.12, which increased from $50,000,000.00 in the previous period, indicating higher debt servicing costs[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,056,461,701.90, down 6.49% from the previous year[4] - Total assets decreased to ¥2,056,461,701.90 from ¥2,199,096,987.89, reflecting a decrease of about 6.5%[12] - Total liabilities decreased to ¥1,093,606,222.95 from ¥1,236,221,985.47, a reduction of approximately 11.5%[12] - Total current liabilities decreased to ¥438,897,428.87 from ¥661,051,715.39[11] - Long-term borrowings increased to ¥340,724,390.91 from ¥255,399,271.13[11] - Total equity attributable to shareholders was ¥962,855,478.95, slightly down from ¥962,875,002.42, indicating a negligible decrease[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,701[8] - The largest shareholder, Nantong Industrial Holdings Group Co., Ltd., holds 37.53% of shares, totaling 54,180,000 shares[8] - The company has no preferred shareholders as of the reporting period[9] - There are no changes in the top 10 shareholders due to securities lending or borrowing[9] Research and Development - Research and development expenses for the current period were ¥7,120,777.97, up from ¥3,566,172.12, marking an increase of about 99.5%[14] Non-Recurring Items - Non-recurring gains and losses for the reporting period totaled ¥17,907.48, with government subsidies amounting to ¥1,970,000.00 year-to-date[5] Audit Status - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[18]

赣州逸豪新材料股份有限公司 2025 年第三季度报告 证券代码：301176 证券简称：逸豪新材 公告编号：2025-039 赣州逸豪新材料股份有限公司 2025 年第三季度报告 （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。 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 赣州逸豪新材料股份有限公司 2025 年第三季度报告 一、主要财务数据 □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） | 469,986,107.74 | 35. ...

三变科技股份有限公司 2025 年第三季度报告 证券代码：002112 证券简称：三变科技 公告编号：2025-062 三变科技股份有限公司 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。 （二） 非经常性损益项目和金额 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 三变科技股份有限公司 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增减 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | | | 上年同期增减 | | 营业收入（元） | 494,183,816. ...

Financial Performance - The company's revenue for Q3 2025 reached ¥763,146,868.31, representing a 21.13% increase year-over-year[5] - Net profit attributable to shareholders was ¥82,251,846.72, up 23.46% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses was ¥68,871,591.67, reflecting a 38.31% increase year-over-year[5] - The total operating revenue for the current period reached ¥2,166,189,687.27, an increase of 19.5% compared to ¥1,812,727,641.15 in the previous period[29] - The net profit for the current period is CNY 202,184,328.67, representing an increase from CNY 196,238,173.98 in the previous period, reflecting a growth of approximately 3.8%[30] - Operating profit for the current period is CNY 202,924,835.97, slightly down from CNY 209,527,909.60, indicating a decrease of around 3%[30] - The total comprehensive income for the current period is CNY 203,270,698.67, compared to CNY 196,868,649.87 in the previous period, an increase of approximately 3.3%[31] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,658,438,693.87, an increase of 8.35% from the end of the previous year[5] - The total liabilities increased to ¥1,534,173,774.30 from ¥1,330,843,981.89, representing a rise of 15.3%[28] - The equity attributable to the parent company reached ¥3,124,264,919.57, up from ¥2,968,420,664.25, marking a growth of 5.2%[28] Cash Flow - The company's cash flow from operating activities for the year-to-date period decreased by 11.05% to ¥331,836,644.69[5] - The net cash flow from operating activities is CNY 331,836,644.69, down from CNY 373,068,816.55, reflecting a decrease of about 11.1%[33] - The investment activities generated a net cash flow of CNY -247,505,983.54, an improvement from CNY -919,371,381.15 in the previous period[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,316[11] - The total number of restricted shares at the end of the period is 234,521,970, with 148,693,003 shares released during the period[14] - SigmaStar Technology Inc. holds 121,203,000 restricted shares, which will be released on March 28, 2027[14] - Elite Star Holdings Limited has 35,481,110 restricted shares, also set to be released on March 28, 2027[14] - The top shareholder, Shicheng Investment Co., Ltd., holds 17,693,200 shares of common stock[13] - The company has a total of 383,164,633 restricted shares at the beginning of the period[14] - The total number of shares held by the top 10 unrestricted shareholders amounts to 79,000,000[13] Investments and Acquisitions - The company invested RMB 30 million to increase its stake in Shenzhen Arctic Chip Microelectronics Co., holding 3.7975% post-investment[16] - The company acquired 53.3087% of Shanghai Furui Kun Microelectronics Co. for RMB 2,143.0743 million, making it a subsidiary[17] - The company initiated plans for an overseas H-share issuance and listing on the Hong Kong Stock Exchange, submitting the application on September 26, 2025[18] Operational Metrics - The total operating costs amounted to ¥2,060,787,870.31, up 21.7% from ¥1,693,286,566.45 in the prior period[29] - The company reported a significant increase of 32.48% in trading financial assets, totaling ¥1,366,812,315.42, due to optimized fund allocation[9] - The cash received from investment income rose by 153.14% to ¥75,764,873.65, attributed to improved fund management[10] - The company has made significant investments in trading financial assets, which increased to ¥1,366,812,315.42 from ¥1,031,676,213.99, a rise of 32.4%[26] - The company reported a notable increase in inventory, which stood at ¥750,761,868.01, down slightly from ¥770,854,513.73, indicating a focus on inventory management[27] Research and Development - Research and development expenses increased to CNY 500,770,071.72 from CNY 432,439,044.12, marking a rise of about 15.8%[30] Audit and Compliance - The company plans to continue employing Ernst & Young as its auditing firm for the fiscal year 2025, ensuring continuity in its audit processes[24] Stock Incentive Plans - The company adjusted the grant price of its 2024 restricted stock incentive plan from RMB 18.38 to RMB 18.18 per share[19] - The company approved the issuance of 927,200 restricted shares at a grant price of RMB 33.25 per share to 207 eligible participants[21] - The company plans to release 50,340 shares from executive lock-up regulations[14]

Financial Performance - The company's operating revenue for the third quarter was approximately ¥7.32 billion, a decrease of 6.33% compared to the same period last year[4]. - Net profit attributable to shareholders was approximately ¥71.22 million, down 38.58% year-on-year[4]. - The basic earnings per share decreased by 38.54% to ¥0.0692 compared to the same quarter last year[4]. - Total operating revenue for the current period reached ¥25,392,929,837.63, an increase of 11.2% compared to ¥22,775,149,971.76 in the previous period[29]. - Net profit for the current period was ¥503,411,398.94, a decrease of 7.6% from ¥544,881,255.56 in the previous period[30]. - The company reported a basic and diluted earnings per share of CNY 0.4743, down from CNY 0.5166 in the previous period, reflecting a decrease of approximately 8.2%[31]. - Total comprehensive income for the period attributable to the parent company was CNY 486,589,017.45, down from CNY 532,198,138.88 in the previous period, representing a decrease of approximately 8.6%[31]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was approximately ¥1.34 billion, a decline of 51.17% compared to the previous year[4]. - The company reported a significant decline in cash flow from operating activities, indicating potential liquidity challenges[4]. - Net cash flow from operating activities was CNY 1,344,895,114.32, a significant decline of 51.2% compared to CNY 2,753,988,429.67 in the previous period[33]. - Cash inflow from operating activities totaled CNY 28,509,786,525.65, an increase of 18.0% from CNY 24,080,397,356.09 in the previous period[32]. - The total cash and cash equivalents at the end of the period amounted to CNY 8,672,499,043.54, compared to CNY 8,158,331,445.58 at the end of the previous period, showing an increase of 6.3%[33]. - The net increase in cash and cash equivalents for the period was CNY -1,303,599,690.57, compared to CNY -232,846,491.04 in the previous period, indicating a worsening cash position[33]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥24.06 billion, reflecting a slight increase of 0.36% from the end of the previous year[4]. - The total liabilities decreased to ¥17,444,843,589.05 from ¥17,496,240,525.06, showing a decline of 0.3%[27]. - The company's cash and cash equivalents increased to ¥1,775,015,353.44, compared to the previous amount, indicating a strong liquidity position[25]. - The total equity attributable to shareholders of the parent company rose to ¥6,211,715,768.65 from ¥6,085,800,940.38, an increase of 2.1%[27]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hefei Changhong Industrial Co., Ltd., enhancing its market position[4]. - The company has invested a total of 500 million RMB to establish a subsidiary, Mianyang Changhong Smart Home Appliances Co., Ltd., for the washing machine capacity expansion project[20]. - The company plans to invest approximately 520 million RMB to construct a single-shift annual production capacity of 1 million washing machines in Mianyang Economic and Technological Development Zone[20]. - The total investment for the Hefei Changhong Smart Home Appliance Industrial Park project is 87,705 million yuan, funded by self-raised capital[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,160[17]. - Sichuan Changhong Electric Co., Ltd. holds 24.12% of shares, totaling 248,457,724 shares[17]. - The top 10 shareholders do not have any changes in their shareholding due to margin trading activities[18]. - No preferred shareholders or significant changes in the top 10 preferred shareholders were reported[19]. Financial Management - The company has approved a cash dividend distribution plan for the fiscal year 2024, distributing 0.10 RMB per share to all shareholders based on a total share capital of 1,029,923,715 shares[20]. - The company has decided to increase the source of funds for repurchasing A-shares, utilizing self-owned funds and self-raised funds[20]. - The company has repurchased a total of 4,865,101 A shares, accounting for 0.4724% of the total share capital, with a total transaction amount of 35,107,505.1 yuan[21]. Operational Challenges - Cash outflow for investment activities surged by 136.78% to ¥23,370,000,000.00, primarily due to increased purchases of financial products[14]. - The company reported a significant increase in financial assets, with debt investments rising to ¥1,519,557,537.27 from ¥1,474,153,793.17, a growth of 3.1%[25]. - The company experienced a foreign currency translation loss of CNY 1,817,393.46 during the period[31].

Financial Performance - The company's revenue for Q3 2025 reached ¥457,575,313.56, representing a 28.81% increase year-over-year[5] - Net profit attributable to shareholders was ¥14,406,864.19, up 47.11% compared to the same period last year[5] - The basic earnings per share for the period was ¥0.13, reflecting an 8.33% increase year-over-year[5] - Total operating revenue for the current period reached ¥1,195,001,281.87, an increase of 22.0% compared to ¥979,471,545.34 in the previous period[21] - Net profit for the current period was ¥44,338,078.03, a decrease of 10.0% from ¥49,282,949.25 in the previous period[22] - Basic and diluted earnings per share were both ¥0.29, down from ¥0.44 in the prior period[23] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,872,786,051.83, a 14.25% increase from the end of the previous year[5] - Total assets increased to ¥2,872,786,051.83, compared to ¥2,514,541,996.94 in the previous year, reflecting a growth of 14.3%[19] - Total liabilities rose to ¥879,306,719.10, up from ¥563,644,435.11, representing a significant increase of 56.0%[19] - The company’s total liabilities increased significantly, with short-term borrowings rising by 311.19% to ¥138,298,700.09 due to new bank loans[10] - The company reported a significant increase in short-term borrowings, which rose to ¥138,298,700.09 from ¥33,634,115.21, marking a growth of 311.0%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥33,423,933.86, down 41.11% year-to-date[12] - Operating cash inflow for the current period was $1,107,980,877.56, an increase of 25.7% from $881,741,790.35 in the previous period[25] - Net cash flow from operating activities decreased to $33,423,933.86, down 41.0% from $56,756,585.81 in the previous period[26] - Cash inflow from investment activities was $426,157,600.21, up from $361,744,712.97, representing an increase of 17.8%[26] - Net cash flow from investment activities was -$248,836,165.72, worsening from -$124,302,714.43 in the previous period[26] - Cash inflow from financing activities increased significantly to $247,576,851.72, compared to $72,349,418.43 in the previous period, marking a rise of 242.5%[26] - Net cash flow from financing activities improved to $203,113,659.25, up from $19,518,059.88 in the previous period[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,352[15] - The largest shareholder, Yang Jianlin, holds 26.85% of shares, totaling 30,774,600 shares[15] - The top 10 shareholders collectively hold significant stakes, with the top three shareholders accounting for over 54% of total shares[15] - The company has no preferred shareholders or changes in restricted shares during the reporting period[16] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[16] Expenses - The company’s management expenses surged by 74.20% to ¥56,086,694.48, primarily due to increased share-based payments and salaries[13] - Research and development expenses were ¥40,665,761.24, slightly up from ¥38,493,162.45, indicating a focus on innovation[21] Other Financial Metrics - Cash and cash equivalents at the end of the period amount to ¥212,041,193.43, an increase from ¥201,707,473.02 at the beginning of the period[17] - Accounts receivable increased to ¥460,083,917.03 from ¥391,640,055.78, reflecting a growth of approximately 17.6%[17] - Inventory at the end of the period is ¥360,993,655.88, up from ¥321,827,015.27, indicating an increase of about 12.1%[17] - Other receivables decreased to ¥3,039,031.47 from ¥4,999,706.33, a decline of approximately 39.1%[17] - Deferred income increased to ¥17,178,138.24 from ¥12,223,485.66, reflecting a growth of 40.6%[19] Audit Information - The company did not undergo an audit for the third quarter financial report[27] Product and Technology Development - No new products or technologies were mentioned in the conference call, focusing instead on financial performance and shareholder structure[16]

Financial Performance - Revenue for Q3 2025 reached ¥1,106,838,005.55, an increase of 18.75% compared to the same period last year[3] - Net profit attributable to shareholders was ¥95,777,320.62, a slight decrease of 1.11% year-on-year[3] - Net profit after deducting non-recurring gains and losses was ¥85,455,032.51, down 3.31% from the previous year[3] - Total operating revenue for the current period reached ¥2,902,572,169.97, an increase of 21.7% compared to ¥2,384,875,545.98 in the previous period[18] - Net profit for the current period was ¥246,838,838.16, slightly up from ¥245,328,839.74 in the previous period, reflecting a growth of 0.6%[19] - The company reported a total comprehensive income of ¥246,294,506.14, slightly higher than ¥245,303,590.27 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,297,427,635.58, reflecting a growth of 7.40% from the end of the previous year[3] - The company's current assets reached CNY 3,698,285,081.64, up from CNY 3,192,911,850.95, indicating a growth of approximately 15.8%[15] - Accounts receivable increased significantly to CNY 1,466,480,429.88 from CNY 1,060,784,431.16, reflecting a rise of about 38.2%[15] - Inventory levels rose to CNY 634,259,562.50, compared to CNY 473,252,479.47, marking an increase of approximately 34%[16] - The company's total liabilities were CNY 3,698,285,081.64, with short-term borrowings decreasing to CNY 202,559,637.34 from CNY 269,920,984.10[15] - Total liabilities reached ¥2,528,766,788.27, compared to ¥2,193,579,474.84 in the previous period, reflecting an increase of 15.3%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,771[8] - The top shareholder, Shenzhen Yuan Zhi Fu Hai Electronic Information Investment Enterprise, holds 13.31% of the shares[8] - The total number of restricted shares at the end of the period was 49,394,874, with 2,140,680 shares released from restriction during the period[12] Cash Flow - Cash flow from operating activities for the year-to-date was ¥314,636,957.05, an increase of 46.10%[3] - Cash inflow from operating activities totaled ¥2,814,746,976.01, a significant rise from ¥2,213,200,493.27 in the prior period, representing a growth of 27.1%[21] - Cash flow from operating activities increased to $314,636,957.05 from $215,351,621.46, representing a growth of 46.1% year-over-year[22] - Total cash outflow from operating activities was $2,500,110,018.96, up from $1,997,848,871.81, indicating a rise of 25.2%[22] - Cash inflow from investment activities totaled $2,366,887,612.33, compared to $1,521,961,654.17, marking an increase of 55.7%[22] - Net cash flow from investment activities was -$56,429,759.94, an improvement from -$447,032,267.56 year-over-year[22] - Cash inflow from financing activities decreased to $223,017,842.48 from $291,959,137.10, a decline of 23.5%[22] - Net cash flow from financing activities was -$252,007,582.40, compared to a positive $92,927,251.82 in the previous year[22] - The ending cash and cash equivalents balance was $318,678,183.40, down from $356,817,603.99[22] - The company reported a total cash outflow of $475,025,424.88 from financing activities, significantly higher than $199,031,885.28 in the prior period[22] Management and Strategy - The company appointed Mr. Zeng Xingyu as the new Chief Financial Officer, effective immediately following the board meeting on October 16, 2025[13] - The company plans to continue expanding its market presence and developing new technologies, as indicated by the ongoing investments in fixed assets and intangible assets[15] Accounting and Auditing - The company did not undergo an audit for the third quarter financial report[23] - The new accounting standards will be first implemented starting in 2025[23]