北京科拓恒通生物技术股份有限公司 2025 年第三季度报告 证券代码：300858 证券简称：科拓生物 公告编号：2025-043 北京科拓恒通生物技术股份有限公司 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： □是 否 1 北京科拓恒通生物技术股份有限公司 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 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 104,043,568.35 | 28.98% | 267,389,193.46 | 22.25% | | 归属于上市公司股东 | 35,026,934.69 | 26.56% | 76,231,997.73 | 7.08% | | 的净利润（元） | | | | | | 归属于上市公司股东 的扣除非经常性损益 | 31, ...

Financial Performance - The company's revenue for Q3 2025 was ¥328,555,336.78, representing a decrease of 17.30% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥13,790,987.73, down 66.46% year-on-year[5] - The basic earnings per share for Q3 2025 was ¥0.0449, a decline of 66.47% compared to the previous year[5] - Total operating revenue for the current period is $958.35 million, down 11.6% from $1,084.37 million in the previous period[19] - Net profit for the current period is $27.33 million, a decline of 61.9% compared to $71.66 million in the previous period[20] - Operating profit decreased to $27.69 million, down 62.6% from $74.02 million in the previous period[20] - Total comprehensive income for the current period is $27.33 million, down 61.8% from $71.58 million in the previous period[21] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,538,064,134.68, reflecting a 3.01% increase from the end of the previous year[5] - The total current assets amount to 358,133,542.50 RMB, an increase from 351,917,188.66 RMB at the beginning of the period[16] - Total liabilities amount to 638,588,903.31 RMB, up from 623,466,054.82 RMB, showing an increase of approximately 2%[17] - The total non-current assets are valued at 1,179,930,592.18 RMB, up from 1,141,137,128.60 RMB, reflecting an increase of approximately 3.4%[16] - The total assets reached 1,538,064,134.68 RMB, compared to 1,493,054,317.26 RMB at the beginning of the period, marking a growth of about 3%[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥96,863,872.35, a decrease of 25.65%[5] - Cash flow from operating activities generated a net amount of $96.86 million, down 25.6% from $130.28 million in the previous period[22] - The net cash flow from investing activities was negative at -¥50,971,201.99, indicating increased capital expenditures[11] - Cash flow from investing activities resulted in a net outflow of $50.97 million, compared to a net outflow of $28.09 million in the previous period[23] Shareholder Information - The total equity attributable to shareholders increased by 3.12% to ¥864,986,366.07 compared to the end of the previous year[5] - The total equity attributable to the parent company is 864,986,366.07 RMB, an increase from 838,812,461.67 RMB, showing a growth of about 3.1%[17] - The total number of common shareholders at the end of the reporting period is 37,011, with no preferred shareholders having restored voting rights[12] - Beijing Capital Tourism Group holds 43.88% of shares, amounting to 134,691,476 shares[12] Expenses - The company reported a decrease in sales expenses to $37.93 million, down 15% from $44.53 million in the previous period[19] - Research and development expenses decreased to $2.92 million, a reduction of 9.5% from $3.23 million in the previous period[19] Investment Income - The company reported a significant decrease in investment income, down 51.40% to ¥12,885,593.95 for the first nine months of 2025[8] - The company received government subsidies amounting to ¥1,561,639.07 during the reporting period[6] Inventory and Receivables - Accounts receivable increased to 69,672,565.78 RMB from 59,826,028.55 RMB, reflecting a growth of approximately 16.5%[15] - Inventory decreased to 89,123,715.08 RMB from 97,096,304.20 RMB, indicating a decline of about 8.9%[15] Construction and Capital Expenditures - The company experienced a 575.04% increase in construction in progress, totaling ¥63,477,036.48, due to investments in renovation projects[9]

Financial Performance - Q3 2025 revenue reached ¥10,115,463,490.86, an increase of 2.82% year-over-year[4] - Net profit attributable to shareholders was ¥465,271,630.98, a decrease of 8.19% compared to the same period last year[4] - Net profit excluding non-recurring items was ¥414,311,224.99, down 15.86% year-over-year[4] - Total operating revenue for the current period reached ¥27,070,627,389.75, an increase of 2.29% compared to ¥26,466,296,272.31 in the previous period[16] - Operating profit for the current period was ¥1,505,435,477.18, up from ¥1,279,643,332.02, reflecting a growth of 17.66%[17] - Net profit attributable to shareholders of the parent company was ¥1,223,277,611.59, compared to ¥1,067,354,218.05 in the previous period, marking an increase of 14.63%[17] - Other comprehensive income after tax attributable to shareholders of the parent company was ¥86,471,544.09, up from ¥53,053,454.00, an increase of 63.00%[17] - The basic earnings per share for the current period was ¥0.70, compared to ¥0.62 in the previous period, reflecting an increase of 12.90%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥51,894,655,231.13, reflecting a 12.78% increase from the previous year[4] - Total assets increased to ¥51,894,655,231.13 from ¥46,014,173,064.47, representing a growth of 12.5%[15] - Total liabilities rose to ¥30,525,792,026.70, up from ¥27,128,069,831.24, indicating an increase of 8.83%[15] - The company's equity attributable to shareholders increased to ¥21,308,850,159.68 from ¥18,826,387,269.38, a growth of 7.85%[15] - Shareholders' equity increased to ¥21,308,850,159.68, up 13.19% from the end of the previous year[4] Cash Flow - Cash flow from operating activities for the year-to-date was ¥2,945,841,401.14, an increase of 3.06%[4] - Operating cash flow for the current period is ¥2,945,841,401.14, an increase of 3.06% from ¥2,858,252,696.04 in the previous period[18] - Total cash inflow from operating activities is ¥28,334,748,176.95, compared to ¥27,996,577,093.13 in the previous period, reflecting a growth of 1.2%[19] - Cash outflow from investing activities increased significantly to ¥7,851,872,599.02 from ¥3,530,703,949.46, resulting in a net cash flow from investing activities of -¥6,860,307,778.30[19] - Cash inflow from financing activities rose to ¥11,835,468,869.08, up from ¥8,431,158,323.05, marking a growth of 40.5%[19] - Net cash flow from financing activities improved to ¥3,692,314,263.72 from -¥1,111,866,459.22 in the previous period[19] - The ending balance of cash and cash equivalents is ¥5,128,405,079.90, compared to ¥4,906,187,204.99 at the end of the previous period[18] - The company recorded a net decrease in cash and cash equivalents of ¥215,195,302.47, primarily due to high cash outflows for investment activities[9] Shareholder Information - The total number of common shareholders at the end of the reporting period was 104,752, with no preferred shareholders having restored voting rights[10] - The largest shareholder, Yuan Yonggang, holds 16.53% of the shares, amounting to 302,781,254 shares, with 112,835,143 shares pledged[10] - The total number of shares held by the top 10 shareholders accounted for a significant portion of the company's equity, with the top three shareholders being family members[10] Strategic Initiatives - The company is planning to issue H shares and list on the Hong Kong Stock Exchange to enhance its international brand recognition and competitiveness[12] - The company has disclosed plans for a board meeting to approve the H share issuance, pending shareholder approval[12] Inventory and Current Assets - The total current assets at the end of the reporting period amounted to CNY 26.06 billion, an increase from CNY 22.68 billion at the beginning of the period[13] - The company's cash and cash equivalents decreased to CNY 6.68 billion from CNY 7.17 billion at the beginning of the period[13] - The company's inventory increased to CNY 7.29 billion from CNY 6.15 billion at the beginning of the period[13] - The company reported a total of CNY 472.40 million in trading financial assets at the end of the reporting period, up from CNY 78.14 million[13] Research and Development - Research and development expenses for the current period were ¥928,413,674.59, slightly down from ¥954,568,421.78, a decrease of 2.74%[16] Financial Expenses - The company reported a decrease in financial expenses to ¥72,635,896.20 from ¥96,645,338.96, a reduction of 25%[16] Tax and Payments - The company received tax refunds amounting to ¥1,003,854,158.77, an increase from ¥871,881,166.88 in the previous period[19] - Cash paid for purchasing goods and services was ¥20,093,485,940.59, up from ¥19,485,649,030.29, indicating a rise of 3.1%[19] - The company reported a decrease in cash paid for taxes to ¥462,368,331.82 from ¥650,204,693.88, a reduction of 29%[19]

Financial Performance - The company's operating revenue for Q3 2025 was ¥9,196,139,182, a decrease of 6.26% year-on-year, while the revenue for the first three quarters was ¥27,288,525,392, down 1.59% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2025 was ¥16,405,954, representing a significant decline of 93.94% year-on-year, and for the first three quarters, it was ¥749,134,001, down 35.76%[2]. - The net profit excluding non-recurring gains and losses for Q3 2025 decreased by 126.67% year-on-year to -¥72,929,211, while for the first three quarters, it was ¥466,986,995, a decrease of 56.95%[2]. - Total operating revenue for the current period is ¥27,288,525,392, a decrease of 1.6% from ¥27,730,616,481 in the previous period[17]. - Net profit for the current period is ¥456,182,866, down 49.5% from ¥905,292,191 in the previous period[17]. - Basic and diluted earnings per share decreased to ¥0.87 from ¥1.35, a decline of 35.6%[17]. Vehicle Sales - The company sold a total of 260,957 vehicles in the first three quarters of 2025, an increase of 7.73% year-on-year, including 70,773 light passenger vehicles, 52,726 trucks, 45,404 pickups, and 92,054 SUVs[7]. Cash Flow - Cash flow from operating activities for the first three quarters decreased by ¥15,240,000,000, a decline of 88.30% year-on-year, primarily due to reduced cash received from sales[9]. - Cash flow from operating activities generated a net amount of ¥201,904,797, significantly lower than ¥1,726,373,652 in the previous period[18]. - Cash flow from investing activities resulted in a net outflow of ¥655,869,708, an improvement from a net outflow of ¥1,015,764,282 previously[18]. - Cash flow from financing activities showed a net outflow of ¥1,427,432,386, consistent with the previous period's outflow of ¥1,427,497,544[18]. - The ending cash and cash equivalents balance decreased to ¥10,593,778,712 from ¥11,029,630,441[18]. Assets and Liabilities - Total assets at the end of Q3 2025 were ¥29,616,572,234, a decrease of 3.97% from the end of the previous year[2]. - Total current assets decreased from CNY 20,494,646,240 to CNY 20,066,312,476, a decline of approximately 2.1%[14]. - Total liabilities decreased from CNY 20,244,568,119 to CNY 19,349,932,275, a reduction of approximately 4.4%[15]. - Total equity decreased from CNY 10,595,344,521 to CNY 10,266,639,959, a decline of about 3.1%[15]. - The company's total assets decreased from CNY 30,839,912,640 to CNY 29,616,572,234, a reduction of approximately 4.0%[14]. Borrowings and Contract Liabilities - The company's short-term borrowings decreased by ¥7,000,000,000, a decline of 46.67% year-on-year, mainly due to repayment of short-term bank loans[8]. - Short-term borrowings decreased from CNY 1,500,000,000 to CNY 800,000,000, a reduction of approximately 46.7%[15]. - Contract liabilities increased by ¥3,230,000,000, a rise of 69.03% year-on-year, primarily due to an increase in pre-received technical service fees[8]. Tax and Expenses - The company reported a significant increase in income tax expenses for the first three quarters, amounting to ¥7,130,000,000, an increase of 1152.86% year-on-year, mainly due to the reversal of deferred tax assets[8]. - Research and development expenses increased to ¥964,149,878, up from ¥855,560,334, indicating a focus on innovation[17]. Other Financial Metrics - The weighted average return on net assets for Q3 2025 was 0.16%, down 2.49% from the previous year, while for the first three quarters, it was 6.58%, a decrease of 4.28% year-on-year[2]. - Cash and cash equivalents decreased from CNY 12,546,295,890 to CNY 10,658,995,228, a drop of approximately 15.1%[14]. - Inventory decreased from CNY 2,054,517,242 to CNY 1,878,644,028, a decrease of about 8.6%[14]. - Non-current assets decreased from CNY 10,345,266,400 to CNY 9,550,259,758, a decline of about 7.7%[14]. - The company's retained earnings increased from CNY 9,179,333,271 to CNY 9,313,858,930, an increase of about 1.5%[15]. Audit Status - The company has not undergone an audit for the third quarter financial report[19].

Financial Performance - The company's revenue for Q3 2025 reached ¥858,785,611, representing an increase of 8.33% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 3.89% to ¥56,526,744, while the net profit excluding non-recurring items increased by 2.27% to ¥55,340,628[4] - In the first three quarters of 2025, the company achieved revenue of 2.623 billion RMB, a year-on-year increase of 12.8%, and a net profit attributable to shareholders of 245 million RMB, up 2.5% year-on-year[15] - In Q3 2025, the company reported revenue of 859 million RMB, an increase of 8.3% year-on-year, while net profit decreased by 3.9% to 57 million RMB[15] - Total operating revenue for the current period reached ¥2,622,685,442, an increase of 12.8% compared to ¥2,324,984,062 in the previous period[23] - The net profit for the current period is 244,564,501.00, an increase from 238,520,684.00 in the previous period, representing a growth of approximately 2.3%[24] - The company reported a total revenue from sales of goods and services of 2,797,284,588.00, up from 2,608,803,407.00 in the previous period, reflecting an increase of about 7.2%[25] Cash Flow and Assets - Cash flow from operating activities for the year-to-date period decreased by 30.28% to ¥154,835,836[4] - Current assets totaled ¥1,202,828,405, down from ¥1,327,788,847, a decrease of 9.4%[20] - Cash and cash equivalents decreased to ¥334,571,334 from ¥394,655,417, a decline of 15.2%[20] - The operating cash flow for the current period is 154,835,836.00, down from 222,093,686.00 in the previous period, indicating a decrease of about 30.4%[25] - The total cash and cash equivalents at the end of the period is 327,714,734.00, compared to 320,329,116.00 at the end of the previous period, showing a slight increase of approximately 2.1%[26] - The cash outflow from operating activities totaled 2,670,188,157.00, which is higher than 2,397,403,390.00 in the previous period, indicating an increase of approximately 11.4%[25] - The cash flow from investment activities generated a net inflow of 17,019,010.00, a turnaround from a net outflow of -13,745,360.00 in the previous period[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,344[12] - The largest shareholder, Chongqing Fuyuan Trading Co., Ltd., holds 41.27% of the shares, totaling 177,310,000 shares[13] Operational Highlights - Offline channels generated revenue of 1.624 billion RMB in the first three quarters of 2025, a significant increase of 35.7% year-on-year, with revenue from provinces outside the core area growing by 113.4%[16] - Online channels saw revenue decline to 933 million RMB, a decrease of 10.2% year-on-year, impacted by short-term public sentiment and platform strategy adjustments[16] - The company's hygiene product line generated revenue of 2.507 billion RMB in the first three quarters of 2025, reflecting a growth of 16.4% year-on-year[17] - The health product series, including probiotics and organic cotton products, experienced a revenue growth of 35.5% year-on-year in Q3 2025[17] - Sales expenses for the first three quarters of 2025 amounted to 1.006 billion RMB, an increase of 15.7% compared to the previous year[17] Governance and Structural Changes - The company held board meetings and shareholder meetings to approve changes in registered capital and amendments to the articles of association[18] - The governance structure was adjusted with the resignation of a non-independent director and the election of a representative director from employee representatives[18] Liabilities and Equity - Total liabilities decreased to ¥626,709,803 from ¥701,216,555, representing a reduction of 10.6%[21] - Total equity attributable to shareholders increased to ¥1,468,603,538 from ¥1,449,645,509, a growth of 1.0%[22] Financial Expenses - Financial expenses decreased by 97% to -¥80,289, mainly due to increased interest income[11]

Revenue and Profitability - Revenue for Q3 2025 reached ¥117,444,022.43, an increase of 14.76% year-over-year, and a 24.09% increase compared to the previous quarter[7] - Net profit attributable to shareholders decreased by 15.59% year-over-year to ¥7,049,270.26, while net profit after deducting non-recurring gains and losses fell by 18.87% to ¥5,961,457.51[7] - The net profit margin for the year-to-date was 5.83%, down from 8.67% in the previous year, reflecting increased costs and competitive pressures[12] - Net profit for the current period was ¥17,635,607.38, down from ¥26,018,544.71, indicating a decrease of approximately 32.4%[29] - Total comprehensive income for the period was CNY 17,635,607.38, a decrease from CNY 26,018,544.71 in the previous period, representing a decline of approximately 32.1%[30] - Basic and diluted earnings per share decreased to CNY 0.24 from CNY 0.37, reflecting a decline of 35.1%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥918,234,190.04, reflecting a 4.62% increase from the end of the previous year[7] - Current assets totaled ¥371,248,887.80, up from ¥312,101,262.08, marking an increase of around 19%[25] - Total liabilities increased to ¥170,476,914.57 from ¥134,600,718.29, representing a growth of approximately 26.6%[26] - Non-current assets decreased to ¥546,985,302.24 from ¥565,581,124.30, a decline of about 3.3%[25] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 43.23% to ¥33,326,661.55, primarily due to a reduction in cash received from sales[7][14] - Net cash flow from operating activities was CNY 33,326,661.55, down 43.2% from CNY 58,702,182.11 in the previous period[32] - Cash inflow from operating activities totaled CNY 303,324,033.73, a decrease of 3.1% compared to CNY 313,205,679.42 last year[32] - Cash outflow from operating activities increased to CNY 269,997,372.18, up 6.1% from CNY 254,503,497.31 in the previous period[32] - Net cash flow from investing activities was negative at CNY -50,498,583.45, an improvement from CNY -92,574,323.17 in the previous period[32] - Cash flow from financing activities generated a net inflow of CNY 13,988,975.14, down 64.9% from CNY 39,857,683.65 last year[32] - The ending balance of cash and cash equivalents was CNY 35,038,719.87, a decrease from CNY 13,159,787.91 in the previous period[32] Expenses - The company reported a significant increase in management expenses by 16.54% to ¥2,173.68 million, attributed to increased depreciation and consulting fees[14] - Research and development expenses rose by 5.51% to ¥2,050.11 million, driven by increased investment in automation[14] - The company reported a significant increase in research and development expenses, which rose to ¥20,493,766.15 from ¥19,422,699.73, an increase of approximately 5.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,027[17] - The largest shareholder, Yang Jiong, holds 52.50% of the shares, totaling 37,800,000 shares[17] - Ningbo Beiyu Investment holds 7.50% of the shares, amounting to 5,400,000 shares[17] - The total number of shares held by the top ten unrestricted shareholders includes 512,000 shares held by Shi Ruqiao[17] - The company has a total of 0 shares held by shareholders through margin trading[18] - The total number of shares held by Yang Jiong remains unchanged at 37,800,000, with a lock-up period until January 16, 2027[20] - The company has not disclosed any other significant shareholder relationships or actions[18] Projects and Future Plans - The company plans to enhance operational management and competitiveness by hiring external consultants, which may impact future financial performance[12] - The company plans to extend the completion date for the "Precision Structural Parts Expansion Project" and "R&D Center Construction Project" from January 22, 2026, to January 22, 2027[22] - The company will add new locations in Yuyao City for the aforementioned projects without changing the total investment amount[22] Inventory and Costs - Total operating revenue for the current period reached ¥297,664,965.89, a slight increase from ¥297,379,063.64 in the previous period, reflecting a growth of approximately 0.1%[28] - Total operating costs increased to ¥285,997,848.78 from ¥272,440,002.63, representing a rise of about 5.3%[28] - Inventory increased to ¥90,489,798.37 from ¥74,680,827.37, reflecting a growth of approximately 21.1%[25] - Short-term borrowings increased by 191.63% to ¥2,301.42 million, indicating a rise in financing activities[13] - Short-term borrowings rose significantly to ¥35,023,866.67 from ¥12,009,716.67, an increase of about 191.5%[26] - Deferred income increased to ¥32,474,715.72 from ¥19,757,860.60, reflecting a growth of about 64.5%[26]

Financial Performance - The company's operating revenue for the third quarter reached ¥136,531,007.22, an increase of 14.74% compared to the same period last year[5] - The net profit attributable to shareholders was -¥17,335,465.64, a decrease of 42.76% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,640,906.97, a decline of 185.76% compared to the previous year[5] - The total operating revenue for the period reached ¥380,170,537.92, an increase of approximately 10.5% compared to ¥342,698,202.20 in the previous period[30] - The net profit for the period was a loss of ¥51,764,136.50, compared to a loss of ¥31,602,234.73 in the previous period, reflecting a deterioration in profitability[31] - The net profit attributable to the parent company was -51,134,937.88, compared to -29,514,654.86 in the previous period, indicating a significant increase in losses[32] - The total comprehensive income amounted to -51,764,136.50, compared to -31,602,234.73 in the previous period, reflecting a worsening financial position[32] Cash Flow and Liquidity - The cash flow from operating activities showed a net inflow of ¥13,652,969.13, representing a significant increase of 126.97%[10] - The net cash flow from operating activities was 13,652,969.13, a recovery from a negative cash flow of -50,626,668.99 in the previous period[34] - Cash inflows from operating activities totaled 385,847,396.02, up from 323,511,341.54 in the previous period, showing improved operational performance[34] - The ending cash and cash equivalents balance was 40,400,636.00, down from 116,481,565.38 in the previous period, indicating a liquidity contraction[35] - The company's cash and cash equivalents decreased to ¥42,115,380.33 from ¥79,430,111.33, a decline of approximately 47%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,781,071,984.44, reflecting a growth of 6.71% from the end of the previous year[5] - The total assets increased to ¥1,781,071,984.44 from ¥1,669,150,486.36, showing a growth of about 6.7%[28] - The total liabilities rose to ¥866,106,992.05 from ¥790,375,131.41, an increase of approximately 9.6%[28] - The company's equity attributable to shareholders increased to ¥826,747,881.96 from ¥799,929,045.90, reflecting a growth of about 3.4%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,542[12] - The largest shareholder, Guo Qinghai, holds 36.97% of shares, totaling 36,720,000 shares[12] Financial Expenses and Investments - Financial expenses increased by 59.06% to ¥23,012,404.74, mainly due to the capitalization of convertible bond interest[10] - The company reported a significant increase in financial expenses, which rose to ¥23,012,404.74 from ¥14,467,322.76, an increase of approximately 59.5%[31] - The company reported a significant increase in construction in progress, which rose by 155.25% to ¥138,062,308.22, primarily due to increased investments in carbon fiber projects[9] Government Support and Loans - The company received government subsidies amounting to ¥4,353,401.49, an increase of 85.77% compared to the previous period[10] - The company’s controlling shareholder plans to provide a loan of up to 20 million RMB to support business development, with a 0% interest rate[17] Changes in Capital and Projects - The company has completed the change of registered capital from 96,000,140 RMB to 96,002,324 RMB[13] - The company has changed the use of remaining funds from the "R&D Center Construction Project" totaling 15.35 million RMB to the "Annual Production of 23,000 Tons of Polypropylene Fiber Expansion Project"[22] Earnings Per Share - The company's basic earnings per share were -¥0.1806, down 42.75% year-on-year[5] - The basic earnings per share were -0.5326, compared to -0.3074 in the previous period, indicating a decline in profitability per share[32]

Financial Performance - The company's operating revenue for Q3 2025 was ¥547,229,653.08, an increase of 2.61% compared to the same period last year[4] - The net profit attributable to shareholders was -¥3,246,327.91, a decrease of 15.17% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,998,644.09, a decline of 138.96% compared to the previous year[4] - The basic earnings per share for the period was -¥0.0035, down 12.90% year-on-year[4] - Total operating revenue for the current period is ¥1,066,579,470.72, a decrease of 36.4% compared to ¥1,677,567,963.47 in the previous period[17] - Net profit for the current period is a loss of ¥11,618,862.43, compared to a profit of ¥3,701,110.40 in the previous period, representing a significant decline[18] - The total comprehensive income for the current period is a loss of ¥11,623,241.58, compared to a profit of ¥3,449,583.38 in the previous period[18] - Basic and diluted earnings per share for the current period are both -¥0.0111, compared to ¥0.0076 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,606,607,938.51, a decrease of 6.31% from the end of the previous year[5] - The equity attributable to shareholders decreased by 2.01% to ¥945,319,963.76 compared to the end of the previous year[5] - The company's total liabilities were CNY 687,398,694.14, down from CNY 774,802,225.96, representing a reduction of approximately 11.3%[15] - The company's total equity attributable to shareholders decreased to CNY 945,319,963.76 from CNY 964,668,813.30, a decline of about 2.0%[16] - The company's non-current assets totaled CNY 355,335,044.63, down from CNY 804,678,089.54, indicating a significant decrease of about 56.1%[15] Cash Flow - The net cash flow from operating activities was -¥184,969,546.06, a significant decrease of 234.00% year-on-year[4] - The net cash flow from operating activities is negative at ¥184,969,546.06, compared to a positive cash flow of ¥138,033,164.50 in the previous period[19] - Cash and cash equivalents at the end of the period amount to ¥145,151,673.73, down from ¥324,428,932.78 at the end of the previous period[20] - The company's cash and cash equivalents decreased to CNY 150,898,752.73 from CNY 207,115,183.80, reflecting a decline of about 27.1%[14] Inventory and Receivables - The company's inventory increased significantly to CNY 248,167,037.88 from CNY 149,240,963.52, marking a rise of approximately 66.3%[14] - The company's accounts receivable rose to CNY 286,625,895.84 from CNY 263,065,643.58, an increase of about 9.0%[14] Costs and Expenses - Total operating costs for the current period are ¥1,109,421,369.98, down 35.3% from ¥1,713,180,232.70 in the previous period[17] - The company reported a decrease in research and development expenses to ¥6,706,844.19, down 48.9% from ¥13,140,147.61 in the previous period[17] Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥9,752,316.18, down from ¥40,273,576.18 in the previous year[6] - The company has not identified any non-recurring gains and losses as regular gains and losses[7] - The company experienced a significant increase in asset disposal gains to ¥37,432,757.35, compared to ¥22,127,264.99 in the previous period[18] Other Information - The third quarter financial report of Jiangsu Baoli International Investment Co., Ltd. has not been audited[21] - The new accounting standards will be implemented starting from 2025, affecting the financial statements from the beginning of that year[21] - The board of directors announced the financial report on October 21, 2025[21]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,899,027,387.71, representing a year-on-year increase of 31.41%[5] - Net profit attributable to shareholders was ¥208,337,069.84, up 35.36% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥181,853,129.74, reflecting a 33.89% increase year-on-year[5] - Basic earnings per share for the period were ¥0.1809, a rise of 35.61% from the previous year[5] - Net profit for the current period was ¥823,954,975.79, representing a 28.3% increase from ¥642,136,943.01 in the previous period[20] - Earnings per share (EPS) for the current period was ¥0.7076, compared to ¥0.5758 in the previous period, reflecting a growth of 22.9%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥15,094,617,060.15, marking a 7.68% increase from the end of the previous year[5] - Total current assets increased to ¥6,921,043,011.91 from ¥5,559,858,979.73, representing a growth of approximately 24.5%[15] - Total assets increased to ¥15,094,617,060.15 from ¥14,018,208,801.00, reflecting a growth of about 7.7%[15] - Long-term equity investments rose to ¥1,077,608,019.37 from ¥980,576,662.95, an increase of approximately 9.9%[15] - Total liabilities increased to ¥6,834,393,141.46 from ¥6,209,470,500.14, marking a rise of 10.0%[19] - Total equity rose to ¥8,260,223,918.69, up from ¥7,808,738,300.86, indicating an increase of 5.8%[19] Cash Flow - The company's cash flow from operating activities for the period was ¥990,729,911.58, which is a 22.74% increase compared to the same period last year[9] - Operating cash flow for the current period was ¥990,729,911.58, an increase of 22.7% compared to ¥807,171,172.87 in the previous period[22] - Cash inflow from financing activities was ¥1,097,600,000.00, significantly higher than ¥482,000,000.00 in the previous period, marking an increase of 128.5%[23] - Net cash flow from financing activities surged by 596.10% to ¥224,006,175.00, primarily due to new bank loans[9] - The net increase in cash and cash equivalents was ¥442,455,975.50, contrasting with a decrease of -¥686,872,421.74 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 33,103[11] - The largest shareholder, Gao Jinhua, holds 33.77% of shares, totaling 389,050,880 shares, with 107,625,000 shares pledged[11] - The total number of preferred shareholders at the end of the reporting period is 0[13] - The company has not reported any significant changes in the top 10 shareholders due to margin trading activities[12] Operational Highlights - The company reported a significant increase in short-term borrowings, which rose by 248.48% to ¥278,983,491.56[8] - The total amount of contract liabilities increased by 33.00% to ¥2,017,723,427.87, indicating a rise in customer prepayments[8] - The company experienced a 68.52% increase in trading financial assets, reaching ¥2,297,560,523.41, attributed to an increase in securities investments[8] - The company reported a significant increase in research and development expenses, which totaled ¥321,472,488.93, compared to ¥281,036,630.36 in the previous period, reflecting a growth of 14.4%[19] - The company achieved an investment income of ¥165,575,754.59, up from ¥144,424,164.44, representing a growth of 14.7%[19] Costs and Expenses - Total operating costs amounted to ¥8,554,401,085.46, up 16.9% from ¥7,319,443,279.08 in the prior period[19] - Cash paid for purchasing goods and services was ¥8,817,425,787.89, an increase of 26.1% from ¥6,990,404,539.73 in the previous period[22] - Cash paid for employee compensation was ¥485,208,714.70, slightly up from ¥461,149,426.95 in the previous period, showing a growth of 5.2%[22]

Financial Performance - The company's operating revenue for the third quarter reached ¥714,814,102.47, representing an increase of 11.13% compared to the same period last year[6]. - The net profit attributable to shareholders increased by 193.37% to ¥3,653,848.58, while the year-to-date net profit decreased by 46.84% to ¥38,078,504.86[6]. - The basic earnings per share for the quarter was ¥0.0092, up 196.77% year-on-year, but down 46.77% year-to-date[6]. - The company reported total operating revenue of ¥2,105,852,490.82 for the current period, an increase of 14.3% compared to ¥1,842,416,546.78 in the previous period[51]. - Net profit for the current period is 49,941,970.61, a decrease of 28.8% compared to 70,029,868.00 in the previous period[52]. - Operating profit decreased to 51,966,293.81, down 31.7% from 76,265,013.60 in the previous period[52]. - The total comprehensive income for the current period is 49,941,970.61, down from 70,029,868.00 in the previous period[53]. - Basic earnings per share decreased to 0.0957 from 0.1798 in the previous period[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,525,586,902.99, a 6.31% increase from the end of the previous year[6]. - The company’s total assets reached ¥2,525,586,902.99, up from ¥2,375,714,045.67, marking an increase of 6.3%[49]. - Total liabilities increased to ¥1,866,750,827.24 from ¥1,796,342,544.55, reflecting a rise of 3.9%[49]. - The company’s equity attributable to shareholders rose to ¥615,828,698.57 from ¥549,713,204.14, an increase of 12.0%[49]. Cash Flow - The net cash flow from operating activities decreased by 120.91% year-on-year, primarily due to changes in the collection structure[32]. - The net cash flow from investing activities decreased by 321.07% year-on-year, mainly due to payments for the acquisition of equity[32]. - Cash flow from operating activities showed a net outflow of -117,701,304.92, worsening from -53,280,971.63 in the previous period[56]. - Cash flow from investing activities resulted in a net outflow of -68,828,384.79, compared to -16,346,194.40 in the previous period[57]. - Cash flow from financing activities generated a net inflow of 199,695,063.72, improving from -57,932,958.26 in the previous period[57]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,256[34]. - The company’s major shareholders include Gaojin Technology Industry Group Co., Ltd. with 104,198,900 shares, accounting for 0.66% of total shares[36]. - The company’s major shareholders include JP Morgan Securities PLC, holding 2,068,354 shares, representing 0.50% of total shares[36]. - The company has not experienced any changes in the shareholding structure of the top 10 shareholders due to securities lending or borrowing activities[36]. Incentive Plans - The company approved the 2023 Restricted Stock Incentive Plan on December 27, 2023, during the sixth board meeting, which includes the plan's draft and management measures[38]. - The first grant of the 2023 Restricted Stock Incentive Plan was disclosed on December 29, 2023, with a public notice period from January 5 to January 15, 2024[39]. - The company completed the first grant registration of the 2023 Restricted Stock Incentive Plan on May 22, 2024, with 91 incentive objects and a total of 2.66 million shares reserved for grant[42]. - The first unlock period for the 2023 Restricted Stock Incentive Plan was achieved, allowing 5,261,600 shares to be released from restrictions, with 187 eligible incentive objects[43]. - The company repurchased and canceled 210,000 shares of restricted stock at a price of ¥3.16 per share due to the departure of five incentive plan participants[44]. - The first unlock period of the 2023 restricted stock incentive plan allowed 5,261,600 shares to be listed for trading on May 23, 2025[44]. - The company’s stock incentive plan was reviewed and approved by the supervisory board, ensuring compliance with legal requirements[40]. - The company has not received any objections regarding the list of incentive objects during the public notice period[39]. - The company’s board of directors has been authorized to manage matters related to the 2023 Restricted Stock Incentive Plan[40]. Operational Costs and Expenses - Total operating costs amounted to ¥2,053,334,581.82, up from ¥1,816,870,506.83, reflecting a rise of 13.0%[51]. - Research and development expenses increased to 98,320,414.93, up 29.0% from 76,281,864.38 in the previous period[52]. - The company reported a significant increase in sales expenses to 20,983,061.00, up 26.5% from 16,620,850.33 in the previous period[52]. Accounts Receivable and Inventory - The company reported a 145.20% increase in accounts receivable financing compared to the beginning of the year, attributed to improved customer payments and an increase in bank acceptance bills[10]. - Accounts receivable rose to ¥765,985,924.16, compared to ¥764,360,491.94, indicating a slight increase of 0.2%[47]. - Inventory levels increased to ¥411,119,050.57 from ¥362,939,021.61, representing a growth of 13.2%[47].