Financial Performance - The company's revenue for Q3 2025 reached ¥10,215,726,013.52, representing a 56.83% increase year-over-year[4] - Net profit attributable to shareholders was ¥3,136,817,052.00, a significant increase of 124.98% compared to the same period last year[4] - The basic earnings per share (EPS) for the period was ¥2.85, up 124.41% year-over-year[4] - Total operating revenue for the current period reached ¥25,004,800,851.32, an increase of 44.5% compared to ¥17,312,601,820.15 in the previous period[17] - Net profit for the current period was ¥7,569,731,091.52, representing a 95.5% increase from ¥3,871,569,380.15 in the previous period[18] - Total comprehensive income reached ¥7,540,220,164.17, a significant increase from ¥3,853,414,084.41 in the previous period[19] - Basic earnings per share rose to ¥6.48, compared to ¥3.42 in the prior period, reflecting strong profitability growth[19] Assets and Liabilities - Total assets increased by 37.62% to ¥39,726,194,819.53 compared to the end of the previous year[4] - Total assets reached ¥39,726,194,819.53, a growth of 37.7% compared to ¥28,866,276,555.26 in the previous year[17] - Total liabilities increased to ¥11,708,670,128.61, up 36.5% from ¥8,573,435,376.03 in the prior year[16] - The company’s total liabilities decreased by 60.68% for short-term borrowings, reflecting improved financial management[7] Cash Flow - The cash flow from operating activities for the year-to-date reached ¥5,454,821,227.43, a remarkable increase of 314.54%[8] - Net cash flow from operating activities increased to ¥5,454,821,227.43, up from ¥1,315,866,293.65 year-over-year[20] - Cash inflow from operating activities totaled ¥25,372,527,127.91, compared to ¥16,932,554,132.40 in the previous period, indicating robust sales performance[19] - Cash outflow for operating activities was ¥19,917,705,900.48, an increase from ¥15,616,687,838.75, reflecting higher operational costs[20] - Net cash flow from investing activities was negative at -¥1,304,371,835.37, an improvement from -¥1,998,167,657.55 in the previous period[20] - Cash flow from financing activities also showed a negative net flow of -¥1,343,109,824.74, compared to a positive flow of ¥822,877,951.90 last year[20] - The ending balance of cash and cash equivalents increased to ¥7,742,614,560.56, up from ¥3,348,413,631.42 in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 132,336[9] - The largest shareholder, Shandong Zhongji Investment Holding Co., Ltd., holds 11.42% of shares, totaling 126,940,135 shares, with 4,600,000 shares pledged[9] - The second-largest shareholder, Wang Weixiu, holds 6.28% of shares, totaling 69,731,451 shares, with 1,350,000 shares pledged[9] - The total number of preferred shareholders with restored voting rights is 0, indicating no preferred shares in this category[9] - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest two shareholders being aligned as acting in concert[10] - The company has not reported any changes in the number of shares due to lending or borrowing in the securities market[10] - The total number of restricted shares at the end of the period is 5,617,852, with no shares released during the reporting period[12] Research and Development - Research and development expenses rose by 27.41% to ¥945,331,888.65, reflecting the company's commitment to innovation[8] - Research and development expenses for the current period were ¥945,331,888.65, an increase of 27.5% from ¥741,977,641.53 in the previous period[17] Other Financial Metrics - The company received government subsidies amounting to ¥10,423,170.72 during the quarter, contributing positively to its financial performance[5] - Deferred income tax assets rose to ¥572,483,950.24, a significant increase from ¥221,725,300.82 year-over-year[15] - The company's cash and cash equivalents increased to ¥7,792,436,280.82 from ¥5,053,805,073.94, representing a growth of approximately 54.4%[14] - Accounts receivable rose to ¥6,694,526,710.09 from ¥4,603,556,643.17, indicating an increase of about 45.4%[14] - Inventory increased significantly to ¥10,902,024,234.63 from ¥7,051,320,216.04, reflecting a growth of approximately 54.1%[14] Audit Status - The company has not yet audited its third-quarter financial report[22]

Financial Performance - The company's revenue for Q3 2025 was ¥4,086,535,700.64, representing a decrease of 4.62% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥18,941,635.48, an increase of 78.71% year-on-year, while net profit excluding non-recurring items was ¥9,935,344.15, down 78.04%[5]. - The company reported a basic earnings per share of ¥0.0324, an increase of 82.02% year-on-year[5]. - Total operating revenue for the current period is CNY 13,001,028,971.88, a decrease of 4.3% from CNY 13,589,430,513.51 in the previous period[26]. - Net profit for the current period is CNY 279,953,869.97, a decline of 8.7% compared to CNY 306,673,555.30 in the previous period[27]. - Earnings per share (EPS) for the current period is CNY 0.4587, down from CNY 0.4908 in the previous period[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥15,841,053,806.65, a decrease of 5.88% from the end of the previous year[5]. - The company's total assets decreased from 16,830,316,478.61 CNY to 15,841,053,806.65 CNY[24]. - The total liabilities decreased from 7,631,183,301.72 CNY to 6,979,005,378.72 CNY[24]. - Total liabilities amount to CNY 8,371,468,517.29, a decrease from CNY 9,177,027,604.21[25]. - Total equity attributable to shareholders of the parent company is CNY 7,317,083,552.48, down from CNY 7,491,014,022.79[25]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥1,432,091,712.35, reflecting a growth of 15.42%[5]. - Operating cash inflow for the current period was CNY 12,704,003,248.60, a decrease of 3.49% from CNY 13,165,397,205.14 in the previous period[28]. - Net cash flow from operating activities increased to CNY 1,432,091,712.35, up 15.43% from CNY 1,240,746,217.23 year-on-year[28]. - Cash inflow from investment activities totaled CNY 2,467,651,564.49, significantly higher than CNY 221,281,983.49 in the previous period[28]. - Cash inflow from financing activities was CNY 580,060,000.00, an increase from CNY 457,060,000.00 in the previous period[29]. - Net cash flow from financing activities was negative at CNY -1,139,973,371.69, an improvement from CNY -1,309,261,172.78 year-on-year[29]. Investments and Expenditures - The company increased its investment in other equity instruments by 272.86%, totaling ¥13,050,000.00, due to new investments and adjustments in existing holdings[9]. - The construction in progress increased by 210.73% to ¥111,198,725.40, driven by multiple ongoing projects including digital manufacturing bases[10]. - Cash paid for operating activities was CNY 11,271,911,536.25, a decrease from CNY 11,924,650,987.91 in the previous period[28]. - Total cash outflow for investment activities was CNY 2,417,100,285.50, compared to CNY 599,520,771.70 in the previous period[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,494[15]. - The largest shareholder, 阮鸿献, holds 31.12% of the shares, amounting to 182,245,290 shares[15]. - The company approved a cash dividend of 2 CNY per 10 shares, totaling 114,825,645 CNY (including tax) for the 2025 interim profit distribution[18]. Business Segments and Operations - The traditional Chinese medicine segment focuses on developing innovative products in the food and medicine integration field, enhancing product standardization and convenience[19]. - The first centralized healthcare center achieved breakeven within two years, with a second center under construction expected to open in the first half of 2026[20]. - The non-pharmaceutical business segment has completed the upgrade of 805 stores, with significant growth driven by the health and wellness category, maintaining high double-digit growth in the first three quarters of 2025[21].

Financial Performance - For Q3 2025, the company's operating revenue was CNY 40,970,452 thousand, a decrease of 17.82% year-over-year[9] - The net profit attributable to shareholders was CNY 287,459 thousand, down 70.13% compared to the same period last year[9] - The net profit excluding non-recurring gains and losses was CNY 214,387 thousand, a decline of 75.39% year-over-year[9] - The company achieved a revenue of RMB 117.06 billion for the first three quarters of 2025, a decrease of 9.23% compared to RMB 128.97 billion in the same period last year[24] - The net profit attributable to shareholders was RMB 1.566 billion, down 14.35% from RMB 1.828 billion year-on-year[24] - Total operating revenue for the first nine months of 2025 was CNY 117,060,844, a decrease of 9.4% compared to CNY 128,970,687 in the same period of 2024[54] - Net profit for the first nine months of 2025 was CNY 2,394,857, down 12.2% from CNY 2,726,205 in 2024[56] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 2,672,710 thousand, an increase of 12.58% compared to the previous year[9] - The company reported a net cash flow from operating activities of CNY 9,827,135 for the first nine months of 2025, significantly higher than CNY 1,610,497 in 2024[64] - The company reported a cash balance of RMB 25,154,922 thousand, up from RMB 21,621,312 thousand in the previous year, indicating improved liquidity[40] - The net increase in cash and cash equivalents for the first nine months of 2025 was CNY 4,875,329, compared to CNY 1,288,616 in 2024, indicating a significant improvement[70] - The ending balance of cash and cash equivalents as of September 2025 was CNY 23,860,490, up from CNY 21,639,432 at the end of September 2024[70] Assets and Liabilities - The total assets as of September 30, 2025, were CNY 175,252,043 thousand, reflecting a slight increase of 0.29% from the end of 2024[9] - Total liabilities decreased slightly to RMB 106,232,575 thousand from RMB 106,732,434 thousand in 2024[44] - Shareholders' equity increased to RMB 69,019,468 thousand from RMB 68,019,802 thousand, reflecting a positive trend in shareholder value[46] - The total liabilities increased to CNY 23,880,585 as of September 30, 2025, compared to CNY 22,353,399 at the end of 2024, reflecting a growth of 6.8%[52] - Shareholders' equity rose to CNY 31,297,555 as of September 30, 2025, up from CNY 30,261,879 at the end of 2024, representing an increase of 3.4%[52] Business Segments and Operations - Container manufacturing business sold 1.8018 million TEUs, a decline of approximately 27.53% from 2.4863 million TEUs in the previous year[24] - Refrigerated container sales increased significantly to 153,500 TEUs, up 64.35% from 93,400 TEUs in the same period last year, driven by South American fruit exports[24] - The logistics service segment, CIMC Shilian achieved a significant improvement in cash flow year-on-year, despite facing challenges from declining global shipping rates and market demand[28] - The circular vehicle business turned profitable with significant revenue growth, attributed to substantial orders from new energy clients and cost-reduction measures[29] - CIMC Tian Da's revenue and profit showed rapid growth, benefiting from optimized delivery schedules and the release of high-quality orders[26] - The marine engineering business reported improved operational efficiency, with successful deliveries of multiple projects, including the 7000-car capacity transport vessel[32] Market Conditions and Future Outlook - The global container trade volume is expected to grow by 3.0% in 2025, according to Clarkson's forecast[24] - The company plans to continue monitoring international market conditions and adjust strategies to mitigate adverse impacts from currency fluctuations[17] - The average Brent crude oil price in Q3 was $68.17 per barrel, reflecting a recovery from the previous quarter, indicating a positive outlook for the drilling platform market[34] - The energy storage business showed steady growth, with a target of 180GW for installed capacity by 2027, indicating a need for 2.4 times growth from 2024 levels, reflecting an acceleration in marketization and scaling[35] Shareholder Information - The top 10 shareholders include Hong Kong Central Clearing with 58.43% ownership, and Shenzhen Liyue Industrial Group holding 5.10%[20] - The company has a total of 115,873 common shareholders at the end of the reporting period[19] - The company has not engaged in any repurchase transactions during the reporting period[22] - As of the report date, the company repurchased 25,794,200 H shares for approximately HKD 190 million and 12,452,990 A shares for about RMB 103 million, with plans to repurchase up to HKD 500 million and RMB 500 million in total[37]

Financial Performance - Revenue for the third quarter reached ¥5,973,153,008.90, representing a year-on-year increase of 29.68%[5] - Net profit attributable to shareholders was ¥39,446,338.69, a decrease of 79.19% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was -¥27,704,446.56, down 166.27% year-on-year[5] - Basic earnings per share were ¥0.0153, reflecting a decline of 79.18% from the previous year[5] - Total operating revenue for the current period reached ¥16,812,460,297.80, an increase of 14.9% from ¥14,636,619,742.05 in the previous period[19] - Total operating costs amounted to ¥15,524,748,463.04, up 15.3% from ¥13,484,669,816.88 year-over-year[19] - The net profit for the current period is CNY 1,318,915,652.14, an increase from CNY 916,672,323.79 in the previous period, representing a growth of approximately 43.9%[20] - Operating profit for the current period is CNY 1,600,135,489.82, compared to CNY 1,188,858,591.05 in the previous period, reflecting an increase of about 34.5%[20] - The total comprehensive income for the current period is CNY 1,321,727,645.29, compared to CNY 887,915,170.58 in the previous period, marking an increase of approximately 48.8%[20] - The basic and diluted earnings per share for the current period are both CNY 0.1098, down from CNY 0.1494 in the previous period, indicating a decrease of about 26.5%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥56,579,430,334.81, an increase of 5.22% from the end of the previous year[5] - The total assets of the company reached ¥56,579,430,334.81, an increase from ¥53,774,802,564.92 in the previous year[17] - Non-current assets totaled ¥25,372,620,231.82, up from ¥24,866,826,288.92, reflecting a growth of 2.0%[17] - The company's total liabilities increased to ¥33,714,219,247.08, compared to ¥32,058,991,536.21 in the previous year, marking a rise of 5.2%[17] - The equity attributable to shareholders of the parent company rose to ¥10,078,171,986.43, up from ¥9,914,702,465.97, indicating a growth of 1.7%[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥249,683,802.07, down 55.37% compared to the same period last year[10] - Cash flow from operating activities generated a net cash flow of CNY 249,683,802.07, down from CNY 559,442,721.25 in the previous period, indicating a decline of approximately 55.4%[21] - Total cash inflow from investment activities is CNY 4,306,496,452.18, while cash outflow is CNY 6,956,368,051.93, resulting in a net cash flow of -CNY 2,649,871,599.75, an improvement from -CNY 4,361,087,358.55 in the previous period[21] - Cash flow from financing activities generated a net cash flow of CNY 1,606,699,665.42, down from CNY 2,179,551,748.19 in the previous period, reflecting a decrease of about 26.3%[22] - The net increase in cash and cash equivalents was -¥828,355,414.44, a 46.56% improvement from the previous year[10] - The total cash and cash equivalents at the end of the period is CNY 5,779,386,290.21, a decrease from CNY 7,103,930,159.74 in the previous period[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 152,168[12] - The largest shareholder, Shenzhen Chengxing Investment Co., Ltd., holds 19.10% of shares, totaling 492,691,190 shares[12] - The company has a total of 514,533,623 shares held by the two largest shareholders, representing 19.95% of total shares[12] - The total number of preferred shareholders is not applicable, indicating no preferred shares were issued[13] Operational Metrics - The company reported a significant increase of 152.76% in trading financial assets, totaling ¥1,749,982,114.98[10] - The company experienced an 82.81% increase in financial expenses, totaling ¥492,781,720.94, attributed to exchange losses and increased borrowings[10] - The company reported a decrease in sales expenses by 3,971,456.63 CNY due to accounting policy changes[13] - Research and development expenses increased to ¥764,497,087.08, representing a rise of 25.3% compared to ¥609,974,276.73 in the prior period[19] - The company's cash and cash equivalents decreased from 7,465,256,292.49 CNY to 6,317,201,909.69 CNY, a decline of approximately 15.4%[15] - Accounts receivable increased from 4,998,823,860.78 CNY to 6,319,018,099.69 CNY, representing a growth of about 26.4%[15] - Inventory rose from 11,239,670,423.90 CNY to 12,295,060,733.63 CNY, an increase of approximately 9.4%[15] - Total current assets increased from 28,907,976,276.00 CNY to 31,206,810,102.99 CNY, reflecting a growth of about 7.9%[15] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company reported a financial expense of ¥492,781,720.94, which is an increase of 83.1% from ¥269,565,583.01 in the previous period[19] - The deferred income tax assets increased to ¥752,917,632.42 from ¥671,974,142.60, reflecting a growth of 12.0%[17] - The long-term borrowings decreased to ¥11,619,416,069.08 from ¥12,043,051,888.76, showing a decline of 3.5%[17] - The company reported a decrease in other comprehensive income, with a net amount of CNY 2,811,993.15 compared to -CNY 28,757,153.21 in the previous period[20]

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。 科华数据股份有限公司 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。 科华数据股份有限公司 2025 年第三季度报告 证券代码：002335 证券简称：科华数据 公告编号：2025-079 （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） | 1,973,006,134.27 | 18.65% | 5,705,701,354.35 | 5.79% | | 归属于上市公司股东 | 100,960,357.52 | 711.41% | 344,499,766.09 | 44.71% | | 的净利润（元） | | | | | | 归属于 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥10,016,282,152.35, representing a 60.19% increase compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥1,701,075,225.14, a significant increase of 163.78% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,707,489,805.90, reflecting a 171.27% increase compared to the previous year[5] - Basic earnings per share for Q3 2025 were ¥0.24, up 166.67% from ¥0.09 in the same quarter last year[5] - Diluted earnings per share also increased to ¥0.24, marking a 166.67% rise compared to the previous year[5] - The weighted average return on equity rose to 5.99%, a 134.90% increase year-over-year[5] - Total operating revenue for the current period reached ¥27,223,367,866.05, a significant increase of 75.4% compared to ¥15,528,891,046.85 in the previous period[26] - Operating profit for the current period was ¥5,295,737,090.85, up 130.5% from ¥2,304,195,566.41 in the previous period[27] - Net profit attributable to shareholders of the parent company was ¥4,357,457,982.04, representing a 141.3% increase from ¥1,803,207,680.07 in the previous period[27] - The total comprehensive income for the current period was ¥4,349,503,563.30, significantly higher than ¥1,084,541,476.92 in the previous period[27] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period increased by 81.33%, totaling ¥6,277,705,861.01[11] - The net cash flow from operating activities was ¥6,277,705,861.01, an increase of 81.0% compared to ¥3,462,103,373.85 in the previous period[28] - The total cash and cash equivalents at the end of the period reached 9,422,837,059.95, a significant increase from 4,743,598,063.32, marking a growth of approximately 98.3%[29] - Current assets increased to approximately RMB 17.10 billion from RMB 12.25 billion, representing a growth of around 39.5%[23] - The company's cash and cash equivalents rose to approximately RMB 10.20 billion, up from RMB 6.53 billion, marking an increase of about 56.5%[23] - The total liabilities decreased slightly to approximately RMB 13.30 billion from RMB 13.47 billion, a reduction of about 1.3%[24] - The total equity attributable to shareholders of the parent company increased to ¥29,248,505,818.26 from ¥24,808,752,432.66, reflecting a growth of 17.6%[25] - The total assets at the end of Q3 2025 were ¥43,226,592,627.73, an 11.05% increase from the end of the previous year[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 159,127[12] - The largest shareholder, Wang Ji, holds 10.29% of shares, totaling 764,045,593 shares, with 573,034,195 shares pledged[12] - Linzhi Tencent Technology Co., Ltd. holds 10.03% of shares, totaling 745,255,696 shares[12] - The top ten shareholders collectively hold significant stakes, with the first two shareholders alone accounting for over 20% of total shares[12] Legal and Regulatory Matters - The company has received 79 investor claims totaling approximately RMB 72.85 million as of September 30, 2025[15] - The company is undergoing a share repurchase and cancellation process due to unmet performance commitments from a major asset restructuring[17] - The repurchase of 24,473,850 shares related to performance commitments has been completed as of August 20, 2025[18] - The company is actively pursuing compensation from related parties for performance commitments not met[18] - The company has been subject to administrative penalties from the China Securities Regulatory Commission, leading to a risk warning on its stock[14] - The company plans to apply for the removal of the risk warning once it meets the relevant standards[14] Investment Activities - Research and development expenses for the current period amounted to ¥1,780,439,629.86, up 35.7% from ¥1,310,873,967.30 in the previous period[26] - The net cash flow from investment activities was -1,032,676,797.50, compared to -1,261,281,385.62 in the previous period, indicating an improvement of approximately 18.1%[29] - The cash outflow from investment activities amounted to 1,857,420,464.12, down from 2,479,022,228.84, showing a decrease of about 25.1%[29] Liabilities and Legal Proceedings - The company recognized an estimated liability of approximately RMB 578 million related to the ICC arbitration case, based on the first-instance ruling in South Korea[21] - The company has withdrawn its application for the recognition and enforcement of the ICC awards in China, citing low chances of success[20] - The company is closely monitoring the ongoing second-instance proceedings in South Korea regarding the ICC awards[21] - The company has not recognized any expected liabilities related to the ICC awards in China as of the financial report approval date[20]

Financial Performance - The company's revenue for Q3 2025 was approximately ¥9.40 billion, a decrease of 0.66% compared to the same period last year[8] - Net profit attributable to shareholders was approximately ¥1.14 billion, reflecting a 0.55% increase year-over-year[8] - The net profit after deducting non-recurring gains and losses was approximately ¥1.09 billion, down 3.61% from the previous year[8] - The basic earnings per share for the period was ¥0.64, up 1.59% year-over-year[8] - Industrial revenue for the first three quarters reached ¥11.58 billion, an increase of ¥906 million, with a year-on-year growth rate of 8.48%[8] - Total revenue for the current period reached ¥30,654,214,209.01, an increase of 2.46% compared to ¥29,915,155,069.84 in the previous period[28] - Net profit for the current period was ¥4,789,170,075.42, representing a growth of 10.65% from ¥4,329,700,490.03 in the previous period[29] - Total comprehensive income attributable to the parent company reached CNY 4,778,908,089.57, an increase from CNY 4,321,812,111.74 in the previous period, reflecting a growth of approximately 10.6%[30] - Basic and diluted earnings per share increased to CNY 2.68, up from CNY 2.42, representing a growth of 10.7%[30] Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥53.34 billion, an increase of 0.81% from the end of the previous year[8] - The company's total assets increased to ¥53,343,484,721.39, compared to ¥52,914,181,333.05, marking a growth of 0.81%[25] - Total liabilities decreased to ¥13,525,611,110.78 from ¥14,048,096,770.78, a reduction of 3.70%[26] - The total equity attributable to shareholders rose to ¥39,733,402,690.02, up from ¥38,831,946,424.51, indicating an increase of 2.31%[26] Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥4.46 billion, reflecting a 9.40% increase compared to the previous year[8] - Cash inflow from operating activities totaled CNY 34,692,435,604.90, compared to CNY 32,872,412,099.37 in the previous period, marking an increase of about 5.5%[31] - Net cash flow from operating activities was CNY 4,455,969,511.54, up from CNY 4,073,138,745.34, indicating a growth of approximately 9.4%[32] - Cash outflow from investing activities amounted to CNY 7,082,314,175.11, compared to CNY 6,283,661,079.58 in the previous period, reflecting an increase of about 12.7%[32] - Net cash flow from investing activities was negative at CNY -2,213,387,280.77, worsening from CNY -1,157,794,613.21 in the previous period[32] - Cash flow from financing activities resulted in a net outflow of CNY -4,470,094,047.29, compared to CNY -3,661,695,477.51 in the previous period, indicating a decline of approximately 22.1%[34] - The ending balance of cash and cash equivalents was CNY 8,041,658,446.84, down from CNY 13,402,807,258.02 in the previous period, a decrease of about 40.0%[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 166,806[16] - The top 10 shareholders hold a combined 66.09% of the shares, with Yunnan State-Owned Equity Operation Management Co., Ltd. holding 26.20% and Xinhua Group holding 21.28%[16] - The company has no preferred shareholders as of the reporting period[18] Investments and Acquisitions - The company reported a significant increase of 75.47% in trading financial assets, totaling approximately ¥4.47 billion, due to investments in high-security, liquid financial products[13] - The company’s investment income increased by 38.83% to approximately ¥951 million, primarily from investments in Shanghai Pharmaceuticals[15] - The acquisition of An Guo Shi Ju Yao Tang Pharmaceutical Co., Ltd. was completed for a total consideration of 660 million CNY, enhancing the company's market presence and product offerings[19] - The non-public issuance of exchangeable bonds was completed with a total scale of 2 billion CNY on October 22, 2025[22] Operational Efficiency and Future Plans - The company aims to expand its market presence and enhance operational efficiency through strategic acquisitions and partnerships[20] - The company plans to expand its market presence and invest in new technologies to drive future growth[27] Research and Development - Research and development expenses for the current period were ¥234,998,200.97, compared to ¥216,182,636.47, reflecting an increase of 8.67%[28]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,021,401,043.43, a decrease of 16.75% compared to ¥1,178,576,924.40 in the same period last year[3] - Net profit attributable to shareholders for Q3 2025 was ¥491,840,219.42, an increase of 4.61% from ¥466,603,953.39 in the previous year[3] - The net profit after deducting non-recurring gains and losses reached ¥491,619,808.00, up 46.14% from ¥336,406,690.79 in the same period last year[3] - Total revenue for the current period is ¥3,142,663,530.81, a decrease of 7.0% from ¥3,380,819,386.56 in the previous period[19] - Operating profit increased to ¥1,283,931,185.60, up 35.6% from ¥946,541,960.71 in the previous period[20] - The company reported a net profit of ¥1,213,968,524.50 after tax expenses of ¥67,308,782.66, compared to a net profit of ¥1,037,299,247.29 in the previous period[20] - The net profit attributable to the parent company's shareholders for the current period is ¥1,211,275,417.17, an increase from ¥1,025,520,438.02 in the previous period, representing a growth of approximately 18.1%[21] - The total comprehensive income for the current period is ¥1,137,767,198.61, compared to ¥1,123,100,638.01 in the previous period, showing a slight increase of about 1.3%[21] - The basic and diluted earnings per share for the current period are both ¥0.83, up from ¥0.70 in the previous period, indicating a growth of approximately 18.6%[21] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥54,454,791.24, a significant improvement of 86.38% compared to a net outflow of ¥412,818,176.62 in the previous year[3] - The net cash flow from operating activities improved by 86.38%, with a net cash flow of -¥54,454,791.24 compared to -¥399,821,204.43 in the previous period[10] - Cash inflow from operating activities totaled ¥4,015,938,932.69, while cash outflow was ¥4,070,393,723.93, resulting in a net cash flow from operating activities of -¥54,454,791.24[23] - The cash flow from investing activities resulted in a net outflow of -¥717,796,770.53, compared to -¥543,514,785.85 in the previous period, indicating increased investment expenditures[23] - The cash flow from financing activities generated a net inflow of ¥779,251,163.45, up from ¥316,190,002.31 in the previous period, reflecting improved financing conditions[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥35,672,338,589.65, reflecting a 10.06% increase from ¥32,411,166,172.47 at the end of the previous year[3] - Total liabilities increased to ¥17,170,316,962.89 from ¥14,587,115,944.71, reflecting a growth of 17.9%[17] - Non-current liabilities rose to ¥7,314,035,669.66 from ¥6,944,722,327.58, an increase of 5.3%[17] - The company's equity attributable to shareholders increased to ¥17,976,624,473.17 from ¥17,512,631,577.72, a rise of 2.7%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,906[12] - The largest shareholder, Zhongshan Investment Holding Group Co., Ltd., holds 48.73% of the shares, totaling 718,878,206 shares[12] - Minority shareholders' equity rose by 68.71%, reaching ¥525,397,153.59, mainly due to the acquisition of subsidiaries during the reporting period[10] Expenses and Charges - Tax and additional charges rose significantly by 375.83%, amounting to ¥102,290,873.47, primarily due to the conversion of source fees to water resource tax[10] - Research and development expenses increased to ¥64,131,358.51 from ¥50,508,401.92, an increase of 27.0%[20] Other Financial Metrics - The company reported a significant decrease in non-operating income by 96.11%, down to ¥5,797,779.67 from ¥148,882,362.81 in the previous period[10] - The company's cash and cash equivalents at the end of the period were ¥1,687,934,169.58, slightly down from ¥1,714,545,305.57 at the beginning of the period[15] - The total cash and cash equivalents at the end of the period is ¥1,535,279,322.43, compared to ¥1,446,252,613.85 at the end of the previous period, showing an increase of approximately 6.2%[23] - The company received cash from borrowings amounting to ¥4,674,852,336.47, an increase from ¥4,445,008,333.53 in the previous period, indicating a rise in debt financing[23] - The company reported a significant increase in goodwill, rising by 1159.22% to ¥50,833,313.75 due to business acquisitions[9] - The company’s prepayments increased by 69.77% to ¥66,306,604.53, primarily due to an increase in advance payments for goods[9] - The company’s long-term borrowings rose by 35.59% to ¥4,994,674,596.46, mainly due to the addition of newly consolidated subsidiaries[9] - The company issued ¥1.5 billion in short-term financing bonds, contributing to a 645.94% increase in other current liabilities to ¥2,304,118,800.84[9]

Financial Performance - Total operating revenue for Q3 2025 reached ¥11,300,604,475.81, an increase of 6.45% year-on-year[4] - Net profit attributable to shareholders decreased by 30.12% to ¥259,600,370.61 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 42.01% to ¥194,260,241.33[4] - Basic earnings per share decreased by 62.10% to ¥0.0155, while diluted earnings per share also fell by 62.10% to ¥0.0155[4] - Total operating revenue for the current period reached ¥32,439,749,870.04, an increase of 6.67% compared to ¥30,414,502,789.66 in the previous period[19] - Total operating costs amounted to ¥28,809,062,940.22, up from ¥27,124,458,821.22, reflecting a growth of 6.22%[19] - The cost of goods sold was ¥25,007,484,985.95, compared to ¥23,712,693,216.44 in the prior period, indicating an increase of 5.44%[19] - Operating profit for the period was ¥3.67 billion, up from ¥3.56 billion, reflecting a growth of 3.0%[20] - Net profit attributable to shareholders was ¥1.96 billion, a decrease of 7.6% from ¥2.13 billion in the previous period[21] - The total comprehensive income for the period was ¥2.91 billion, an increase of 19.1% from ¥2.44 billion[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥170,982,412,694.22, reflecting a 5.96% increase from the end of the previous year[4] - Current assets totaled ¥41,258,849,239.45, rising from ¥34,233,116,190.90, representing a growth of 20.88%[16] - Non-current assets increased to ¥129,723,563,454.77 from ¥127,137,750,797.56, a growth of 2.03%[16] - Total liabilities reached ¥105,757,651,312.18, compared to ¥103,165,962,137.65, marking an increase of 2.51%[17] - Total equity attributable to shareholders was ¥50,238,841,167.05, up from ¥48,415,711,184.88, reflecting a growth of 3.77%[17] - The company reported a decrease in short-term borrowings to ¥2,136,378,698.29 from ¥3,060,296,999.69, a reduction of 30.19%[17] - Long-term borrowings increased to ¥42,793,142,669.42 from ¥41,981,382,253.60, an increase of 1.94%[17] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥9,507,561,633.78, an increase of 27.58%[4] - Cash inflow from operating activities totaled ¥37.93 billion, an increase of 19.4% from ¥31.77 billion[23] - Net cash flow from operating activities amounted to ¥9,507,561,633.78, an increase of 27.5% compared to ¥7,452,064,736.86 in the previous period[24] - Total cash outflow from operating activities was ¥28,421,277,958.13, up from ¥24,318,188,030.07, reflecting a 17.5% increase[24] - Cash inflow from investment activities totaled ¥2,837,279,144.19, down 30.4% from ¥4,073,962,503.27[24] - Net cash flow from investment activities was -¥7,680,403,136.80, slightly improved from -¥7,685,966,100.99 in the previous period[24] - Cash inflow from financing activities reached ¥21,653,988,455.01, a decrease of 32.5% compared to ¥32,118,673,989.18[24] - Net cash flow from financing activities was ¥3,870,078,360.44, an increase of 111.3% from ¥1,834,449,377.51[24] - The net increase in cash and cash equivalents was ¥5,674,707,686.06, compared to ¥1,581,604,729.83 in the previous period[24] - The ending balance of cash and cash equivalents stood at ¥14,728,302,839.95, slightly down from ¥14,832,861,076.04[24] Operational Highlights - The company reported a significant increase in other income, up 436.22%, primarily due to carbon emission rights income and cancellation fees for natural gas shipments[8] - The introduction of strategic investors in the environmental company led to a 53.09% increase in minority shareholders' equity[8] - The company experienced a 799.50% increase in cash received from investment due to the introduction of strategic investors in the environmental company[8] - The company reported a 41.73% increase in taxes and surcharges, mainly due to increases in property tax, urban construction tax, and education surcharges compared to the same period last year[8] - The company's cumulative on-grid electricity generation from January to September 2025 reached 48.979 billion kWh, a year-on-year increase of 13.71%[12] - Coal-fired power generation accounted for 18.461 billion kWh, up 5.30% year-on-year, while natural gas generation increased by 29.36% to 14.640 billion kWh[12] - The company achieved a total sales volume of 3.209 billion cubic meters in the gas sector, reflecting a growth of 33.99% year-on-year[12] - As of September 30, 2025, the company's controllable installed capacity was 25.4848 million kW, with natural gas power accounting for 40.10% of the total[13] - The newly commissioned units included a 60 MW solar project in Yunnan and a 52.8 MW wind project in Guizhou, contributing to the expansion of renewable energy capacity[13] - The company processed 11.1417 million tons of waste in its environmental sector, marking a 7.06% increase year-on-year[12] Shareholder Information - The company has not reported any changes in the top 10 shareholders due to margin trading activities[12] Accounting and Audit - The company did not undergo an audit for the third quarter financial report[25] - The new accounting standards will be implemented starting from 2025[25]

Financial Performance - The company's operating revenue for Q3 2025 was ¥58,642,743.50, a decrease of 13.08% compared to the same period last year[4]. - The total profit for the period was ¥6,066,702.60, down 6.90% year-on-year[4]. - The net profit attributable to shareholders was ¥4,169,386.25, reflecting a decline of 7.57% compared to the previous year[4]. - The total profit for the year-to-date decreased by 36.77% due to a reduction in business volume and operating revenue[10]. - Net profit for the first three quarters of 2025 was CNY 14,055,717.24, a decline of 32.4% from CNY 20,750,242.24 in the same period of 2024[22]. Earnings Per Share - Basic earnings per share for the year-to-date were ¥0.01, down 33.33% compared to the previous year[5]. - Diluted earnings per share for the year-to-date were also ¥0.01, reflecting a 33.33% decrease year-on-year[5]. - The basic earnings per share for the first three quarters of 2025 was CNY 0.02, down from CNY 0.03 in the same period of 2024[22]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥38,101,753.29, showing a significant decrease of 72.96%[5]. - The net cash flow from operating activities for the first three quarters of 2025 was CNY 38,101,753.29, significantly lower than CNY 140,896,692.35 in 2024, indicating a decrease of 73.0%[25]. - Cash inflow from financing activities amounted to 42,615,810.44 million, while cash outflow from financing activities was 69,365,790.36 million, resulting in a net cash flow from financing activities of -26,749,979.92 million[27]. - The net increase in cash and cash equivalents was 12,921,526.08 million, with an ending balance of 31,565,724.85 million[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,347,430,544.57, a decrease of 2.77% from the end of the previous year[5]. - The total liability of CNY 317,286,456.54, compared to CNY 370,098,412.91 in the previous period, showing a reduction of 14.26%[17]. - Total current liabilities were ¥249,207,383.11, down from ¥294,568,986.66, indicating a decrease of about 15.4%[16]. - Non-current assets decreased to ¥1,205,244,003.91 from ¥1,246,715,113.88, reflecting a decline of approximately 3.3%[16]. Shareholder Information - The total number of ordinary shares at the end of the reporting period is 27,096[12]. - The largest shareholder, Qiongqing City Surui Investment Co., Ltd., holds 93,306,657 shares, accounting for 15.57% of total shares[12]. - The equity attributable to shareholders increased by 1.42% to ¥1,029,937,768.78 compared to the end of the previous year[5]. Other Financial Metrics - The company's cash and cash equivalents increased to ¥31,763,441.39 from ¥18,702,244.35 year-over-year, representing a growth of approximately 69.0%[15]. - Accounts receivable rose to ¥46,935,165.94, up from ¥30,492,524.08, indicating a year-over-year increase of about 53.9%[15]. - The company’s financial expenses decreased to CNY 2,819,308.53 in 2025 from CNY 6,204,355.17 in 2024, a reduction of 54.6%[21]. - The company achieved an investment income of CNY 5,365,756.16, slightly up from CNY 5,328,843.52 in the previous year, indicating a growth of 0.69%[21]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 130,047.15, compared to a loss of CNY 1,958,917.15 in 2024, indicating a significant recovery[22]. Accounting Standards - The company will not apply new accounting standards starting from 2025[28].