重要内容提示 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或者重大遗漏，并承担个别和连带的法律责任。 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）保证季度报告中财务信息 的真实、准确、完整。 证券代码：601198 证券简称：东兴证券 东兴证券股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 东兴证券股份有限公司2025 年第三季度报告 追溯调整或重述的原因说明 财政部于 2025 年 7 月 8 日发布标准仓单交易相关会计处理实施问答，按照该问答，对于相 关业务对应的标准仓单交易原按总额法确认收入成本，现改为按收取的对价与所出售标准仓单的 账面价值的差额计入投资收益。公司自 2025 年 1 月 1 日起执行上述会计政策，并对可比期间财 务报表数据进行追溯调整。 | | 单位：元 币种：人民币 | | | --- | --- | --- | | 项目 | 本报告 ...

Financial Performance - The company's operating revenue for the third quarter was ¥88,206,729.43, a decrease of 65.97% compared to the same period last year[4] - The total profit for the third quarter was -¥19,120,514.48, reflecting a decline of 583.29% year-on-year[4] - The net profit attributable to shareholders was -¥22,528,563.75, a decrease of 569.05% compared to the previous year[4] - The net cash flow from operating activities for the year-to-date was -¥83,098,125.98, representing a decline of 223.83%[4] - Basic earnings per share for the third quarter were -¥0.11, a decrease of 650.00% year-on-year[5] - The total operating revenue for the first three quarters of 2025 was CNY 355,953,375.72, a decrease of 11.2% compared to CNY 401,015,451.48 in the same period of 2024[24] - The net profit for the first three quarters of 2025 was -45,747,607.94 RMB, compared to -84,159,958.77 RMB in the same period of 2024, showing an improvement of approximately 45.3%[25] - Operating profit for the first three quarters of 2025 was -37,763,742.32 RMB, a significant improvement from -103,357,153.83 RMB in the previous year[25] - Total revenue from operating activities in the first three quarters of 2025 was 489,898,717.78 RMB, down from 647,234,427.70 RMB in 2024, representing a decrease of about 24.4%[27] - Basic and diluted earnings per share for the first three quarters of 2025 were both -0.21 RMB, an improvement from -0.40 RMB in the same period of 2024[26] - The company recorded a total comprehensive loss of -45,747,607.94 RMB for the first three quarters of 2025, compared to -82,571,339.78 RMB in 2024[26] - Investment income for the first three quarters of 2025 was 2,275,461.33 RMB, a significant recovery from a loss of -19,623,015.54 RMB in the previous year[25] - The company's financial expenses decreased significantly to 331,277.48 RMB in 2025 from 11,286,848.56 RMB in 2024, indicating improved cost management[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,179,511,816.11, down 5.83% from the end of the previous year[5] - The total liabilities as of September 30, 2025, were CNY 1,057,824,232.76, compared to CNY 1,208,981,529.36 at the end of 2024, indicating a decrease of 12.5%[22] - The total assets as of September 30, 2025, were CNY 3,179,511,816.11, down from CNY 3,376,416,720.65 at the end of 2024[20] - As of September 30, 2025, the total current assets were CNY 1,712,042,555.22, slightly down from CNY 1,733,680,967.18 at the end of 2024[20] - The company's cash and cash equivalents were CNY 282,234,705.17 as of September 30, 2025, compared to CNY 289,513,342.59 at the end of 2024[20] - The long-term equity investments increased to CNY 3,276,709.20 as of September 30, 2025, from CNY 1,043,131.51 at the end of 2024[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,107[11] - The largest shareholder, Zhu Fuyun, holds 49,145,400 shares, representing 23.91% of total shares[11] - The company repurchased 960,396 shares, reducing total share capital from 206,490,816 shares to 205,530,420 shares[14] - The registered capital decreased from 20,649.0816 million RMB to 20,553.042 million RMB after the share repurchase[15] - The company plans to use 2,599,038 repurchased shares for employee stock ownership plans or equity incentives[16] - The top 10 shareholders hold a combined total of 103,000,000 shares, accounting for approximately 50% of total shares[11] - The company has not disclosed any changes in the participation of top shareholders in margin trading or securities lending[13] - The shareholder Nanjing Ruibei Venture Capital Management Center (Limited Partnership) is associated with Zhu Fuyun[12] - The company has not identified any other significant relationships among the top shareholders[12] Operational Insights - The decline in operating revenue was primarily due to fewer project deliveries and revenue recognition during the reporting period[9] - The company reported a significant increase in losses from investments in joint ventures, contributing to the overall net loss[9] - The company plans to focus on improving cash flow management and reducing operational costs in the upcoming quarters[9] - Cash flow from operating activities for the first three quarters of 2025 was -83,098,125.98 RMB, compared to a positive cash flow of 67,107,718.14 RMB in the same period of 2024[27] - Cash flow from investment activities generated a net inflow of 20,108,149.38 RMB in 2025, a recovery from a net outflow of -40,819,110.00 RMB in 2024[28] - The company reported cash and cash equivalents at the end of the period amounting to 277,457,593.86 RMB, an increase from 157,165,411.41 RMB at the end of the previous year[28] Accounting Changes - The company has implemented changes in accounting policies effective January 1, 2024, resulting in a retrospective adjustment of CNY 5,201,707.39 for quality assurance fees[18] - The company is actively advancing the banking procedures related to the equity restructuring of its subsidiary, Tadao Medical[17]

Financial Performance - The company's revenue for Q3 2025 reached ¥521,720,648.94, representing a year-on-year increase of 16.74%[6] - Total profit for the quarter was ¥88,622,907.19, a decrease of 21.55% compared to the same period last year[6] - Net profit attributable to shareholders was ¥69,566,732.63, down 16.07% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥73,903,906.58, an increase of 25.53% compared to the previous year[6] - Total operating revenue for the first three quarters of 2025 reached ¥1,356,370,400.47, an increase of 12.06% compared to ¥1,210,499,106.15 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥198,668,071.45, slightly higher than ¥196,834,110.55 in 2024, indicating a growth of 0.68%[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.84, compared to ¥0.78 in the same period of 2024, representing a 7.69% increase[22] Assets and Liabilities - The company's total assets at the end of the quarter were ¥2,838,142,376.78, a decrease of 0.53% from the end of the previous year[7] - As of September 30, 2025, the company's total assets amounted to 2,838,142,376.78 RMB, a slight decrease from 2,853,125,646.33 RMB at the end of 2024[16] - Total liabilities decreased to ¥548,943,529.62 in 2025 from ¥571,806,333.06 in 2024, a reduction of 3.99%[18] - Total current liabilities amounted to ¥475,679,589.66 in 2025, up from ¥460,885,119.19 in 2024, reflecting a growth of 3.43%[18] - Non-current liabilities decreased significantly from ¥110,921,213.87 in 2024 to ¥73,263,939.96 in 2025, a decline of 34.06%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥200,250,681.09, an increase of 13.06%[6] - Cash flow from operating activities for the first three quarters of 2025 was ¥1,501,686,221.05, compared to ¥1,366,122,423.08 in 2024, marking an increase of 9.91%[24] - Cash received from operating activities totaled $1,537,396,757.84, an increase of 10.0% from $1,398,191,577.79[25] - Cash paid for purchasing goods and services was $874,857,186.25, up from $802,252,558.50, reflecting a growth of 9.0%[25] - Cash inflow from investment activities reached $1,230,426,184.21, significantly up from $412,725,571.71, marking an increase of 198.5%[25] - Cash outflow from investment activities was $1,943,719,164.03, compared to $453,335,570.54, resulting in a net cash flow from investment activities of -$713,292,979.82[25] - Cash flow from financing activities showed a net outflow of -$200,073,799.03, compared to -$235,865,684.11 in the previous period[26] Shareholder Information - The top shareholder, Liu Huiping, holds 42.24% of the shares, amounting to 101,193,300 shares[11] - The company plans for board members to increase their shareholdings, with Vice President Li Jun intending to invest between 2 million and 2.5 million RMB, and Financial Director Su Shuang planning to invest between 1 million and 2 million RMB[14] - As of September 30, 2025, Su Shuang has already purchased 29,900 shares for a total of 694,937 RMB, while Li Jun has not yet made any purchases[14] Operational Changes - The company acquired 70% of Shanghai Xingmanxiang Catering Management Co., Ltd. during the reporting period, with the completion of the business registration change on September 25, 2025, and it will be included in the consolidated financial statements from September 30, 2025[13] - The company's subsidiary, Jiangsu Amber Star Food Co., Ltd., entered liquidation on July 1, 2025, with a net profit of -9,087,802.69 RMB classified as discontinued operations during the reporting period[13] Inventory and Asset Management - The company's cash and cash equivalents decreased to 180,867,304.56 RMB from 894,039,281.02 RMB at the end of 2024[15] - The company's trading financial assets increased significantly to 848,944,279.53 RMB from 172,171,296.00 RMB at the end of 2024, indicating a strategic shift in asset allocation[15] - The company's inventory rose to 82,187,490.19 RMB, up from 68,868,282.71 RMB at the end of 2024, reflecting increased operational activity[16] - The company's total current asset of 1,253,333,879.14 RMB, slightly down from 1,267,432,233.46 RMB at the end of 2024[16] - Non-current assets totaled 1,584,808,497.64 RMB, remaining relatively stable compared to 1,585,693,412.87 RMB at the end of 2024[16]

兖矿能源集团股份有限公司2025 年第三季度报告 股票代码：600188 股票简称：兖矿能源 兖矿能源集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 公司董事长李伟先生、财务总监赵治国先生及财务管理部部长郭慧先生保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 "本报告期"是指 2025 年 7 月 1 日-9 月 30 日。 "本集团"是指本公司及其附属公司。 除非文义另有所指，本季度报告中"元"为人民币元，中国法定货币。 本报告的数据经四舍五入，增减幅由四舍五入前的原始数据计算得出。 表格中所示总计数字可能并非相关数据的算术总和，差异均由四舍五入所致。 1 / 29 兖矿能源集团股份有限公司2025 年第三季度报告 重要内容提示： 兖矿能源集团股份有限公司（"兖矿能源""公司""本公司"）董事会及董事、高级管理人员 保证季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担法律 责任。 一、主要财务数据 （一） 主要会计数 ...

Financial Performance - The company's operating revenue for the third quarter was ¥438,399,460.11, a decrease of 6.82% compared to the same period last year[5] - The total profit for the third quarter reached ¥1,095,323,710.51, an increase of 18.94% year-over-year[5] - The net profit attributable to shareholders was ¥1,057,186,914.04, reflecting a growth of 29.64% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.611, up 29.72% from the same period last year[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,399,700,641.02, a significant increase of 58% compared to ¥1,517,708,148.70 in the same period of 2024[22] - Operating profit for the first three quarters of 2025 was ¥2,053,372,589.55, up from ¥1,897,771,742.21 in 2024, reflecting a growth of approximately 8.2%[23] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥2,438,198,433.91, compared to ¥1,838,210,180.62 in 2024, marking an increase of about 32.6%[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.409, up from ¥1.062 in the same period of 2024, representing a growth of 32.6%[24] - The net profit for the first three quarters of 2025 was ¥2,254,426,127.36, compared to ¥1,869,563,985.76 in 2024, indicating an increase of about 20.5%[32] - The company reported a total profit of ¥2,241,485,106.21 for the first three quarters of 2025, up from ¥1,860,017,202.06 in 2024, marking an increase of approximately 20.5%[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥40,322,716,142.80, representing a 5.02% increase from the end of the previous year[6] - The company's total assets as of September 30, 2025, amounted to 40,322.72 million RMB, compared to 38,395.05 million RMB at the end of 2024[17] - Total liabilities increased to ¥19,438,067,355.38 in 2025 from ¥18,419,324,298.01 in 2024, indicating a rise of approximately 5.5%[20] - Non-current liabilities rose to ¥5,785,239,312.39 in 2025, compared to ¥4,064,540,359.12 in 2024, reflecting an increase of about 42.4%[20] - The company's total liabilities increased to ¥11,064,283,446.46 in 2025 from ¥9,203,156,649.98 in 2024, reflecting a rise in financial obligations[29] Shareholder Information - The company has a total of 42,220 common shareholders at the end of the reporting period[10] - The largest shareholder, Nanjing New Port Development Co., Ltd., holds 34.74% of the shares, with 141,193,607 shares frozen[11] - Total equity attributable to shareholders of the parent company increased to ¥19,691,789,514.03 in 2025 from ¥18,807,328,135.55 in 2024, showing a growth of approximately 4.7%[20] - The total equity of the company reached ¥17,695,716,146.56 as of September 30, 2025, compared to ¥16,995,179,939.38 at the end of 2024, indicating growth in shareholder value[29] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥672,380,367.95, showing a positive turnaround due to increased sales collections[9] - Cash flow from operating activities for the first three quarters of 2025 was ¥672,380,367.95, compared to a negative cash flow of ¥636,913,469.36 in the same period of 2024, indicating a significant improvement[25] - Total cash inflow from investment activities in the first three quarters of 2025 was ¥756,003,769.31, while cash outflow was ¥2,174,036,111.58, resulting in a net cash flow of -¥1,418,032,342.27, contrasting with a positive net cash flow of ¥965,170,530.87 in 2024[26] - The total cash inflow from investment activities in 2025 was ¥527,111,625.75, down from ¥1,050,544,963.60 in 2024, indicating a decrease of approximately 49.8%[35] Operational Metrics - For the period from January to September 2025, the company achieved a contract sales area of 74,900 square meters, a year-on-year increase of 1564.44%[14] - The contract sales amount reached 1,162.05 million RMB, reflecting a year-on-year growth of 487.03%[14] - The company’s equity contract sales area was 60,200 square meters, with a year-on-year increase of 1841.94%[14] - The company reported a total of 10.21 million square meters in inventory, down from 11.15 million square meters year-on-year[18] - The company had no new real estate projects in reserve during the reporting period[13] Expenses and Financial Management - Research and development expenses for the first three quarters of 2025 were ¥29,954,794.77, up from ¥19,652,583.87 in 2024, indicating a growth of about 52.4%[22] - The total operating cost for the first three quarters of 2025 was ¥2,288,583,520.25, an increase from ¥1,476,624,522.63 in 2024, representing a rise of approximately 55%[22] - The company incurred financial expenses of ¥100,031,167.06 in 2025, a decrease from ¥124,213,162.51 in 2024, representing a reduction of about 19.4%[32] - The company’s cash outflow for employee compensation was ¥233,715,627.31 in 2025, compared to ¥177,563,721.68 in 2024, reflecting increased workforce costs[25] Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2025 was -¥266,771,089.24, compared to ¥114,871,082.26 in 2024, indicating a decline[23] - The total comprehensive income for the first three quarters of 2025 was ¥1,987,502,173.37, slightly up from ¥1,984,288,932.35 in 2024[33]

Financial Performance - The company's operating revenue for the third quarter reached ¥3,161,204,511.75, representing a year-on-year increase of 17.21%[3] - Total profit for the quarter was ¥127,787,584.03, a decrease of 30.57% compared to the same period last year[3] - Net profit attributable to shareholders was ¥53,978,564.36, down 32.94% year-on-year[3] - Basic earnings per share were ¥0.0746, reflecting a decrease of 32.94% from the same quarter last year[3] - The weighted average return on equity was 0.85%, a decrease of 0.43 percentage points compared to the end of the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥8,026,936,932.57, an increase of 13.9% compared to ¥7,047,773,542.72 in the same period of 2024[24] - Net profit attributable to shareholders of the parent company was CNY 120,831,526.22, down 21% from CNY 153,058,738.10 year-on-year[26] - Operating profit decreased to CNY 297,329,268.97, a decline of 17.8% from CNY 361,745,104.33 in the previous year[25] - Total comprehensive income for the period was CNY 186,314,093.90, compared to CNY 240,246,433.64 in the previous year, reflecting a decrease of 22.5%[26] Cash Flow - The net cash flow from operating activities was ¥371,427,509.99, showing a significant increase of 185.19% compared to the previous year[3] - The company experienced a significant fluctuation in cash flow due to variations in IT procurement payment schedules across quarters[8] - Net cash flow from operating activities increased to CNY 379,752,973.68, up 15.9% from CNY 327,487,020.43 in the same period last year[29] - Cash inflow from operating activities for the first three quarters of 2025 was $142.18 million, up from $104.91 million in the same period of 2024, representing a 35.5% increase[38] - Net cash flow from operating activities was -$37.90 million in 2025, an improvement from -$93.78 million in 2024[38] - Cash inflow from investment activities increased significantly to $1.83 billion in 2025, compared to $880.35 million in 2024, marking a 108.5% increase[39] - The company reported a total cash outflow from operating activities of $180.08 million in 2025, down from $198.69 million in 2024[38] Visitor Statistics - The Wuzhen scenic area received 1.9297 million visitors during the reporting period, a decrease of 10.91% year-on-year, with operating revenue of RMB 428 million, down 8.15%[13] - The Gubei Water Town experienced a significant decline in visitors, receiving 197,700 guests, a 50.77% year-on-year decrease, and reported an operating revenue of RMB 86.0173 million, down 44.29%[15] Business Strategy and Development - The company is actively expanding its cultural tourism offerings, launching various themed events and collaborations to enhance brand influence in the cultural and artistic sectors[13] - The company is focusing on urban renewal market opportunities, with the launch of the Huanggang Yiai Lake Dongpo Cultural Night Tour project during the National Day holiday[15] - The company is enhancing its product and service quality to meet diverse cultural tourism consumption needs in response to market changes[12] - The company is exploring new strategies for business expansion, including light asset output in cultural tourism integration[15] - The travel agency segment launched over 100 innovative travel routes, covering more than 100 popular destinations globally, focusing on high-value customers[17] - The hotel business experienced a decline in revenue and net profit in Q3 due to the closure of underperforming locations[17] - The company maintained a strong position in outbound visa services while steadily expanding into inbound visa services[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥17,822,283,870.71, an increase of 0.74% from the end of the previous year[4] - Current assets totaled ¥7,686,193,673.94 as of September 30, 2025, compared to ¥7,284,965,934.87 at the end of 2024, reflecting a growth of 5.5%[21] - Total liabilities amounted to ¥9,235,524,363.32, slightly up from ¥9,196,779,636.47, indicating a marginal increase of 0.4%[23] - Long-term equity investments decreased to ¥2,340,418,103.93 from ¥2,409,998,918.46, a decline of 2.9%[21] - Total assets as of September 30, 2025, amounted to CNY 5,271,255,445.81, down from CNY 5,618,958,507.49 at the end of 2024[33] - Total liabilities decreased to CNY 1,980,432,089.11 from CNY 2,328,752,718.39 in 2024, reflecting a reduction of 14.97%[33] Research and Development - Research and development expenses were CNY 5,894,252.52, down 19.4% from CNY 7,316,103.33 in the previous year[25] - Research and development expenses for the first three quarters of 2025 were CNY 1,200,000.00, indicating ongoing investment in innovation[35]

Financial Performance - The company's operating revenue for Q3 2025 was ¥649,301,558.31, a decrease of 2.20% compared to the same period last year[4] - The total profit for Q3 2025 was -¥582,909,002.81, reflecting a significant decline of 218.11% year-over-year[4] - The net profit attributable to shareholders for Q3 2025 was -¥492,624,398.94, down 138.32% from the previous year[4] - The basic earnings per share for Q3 2025 was -¥0.3919, a decline of 138.38% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was approximately ¥1.77 billion, a decrease of 10.65% compared to ¥1.98 billion in the same period of 2024[26] - Net loss for the first three quarters of 2025 was approximately ¥940 million, compared to a net loss of approximately ¥628 million in the same period of 2024, representing a 49.7% increase in losses[27] - Operating profit for the first three quarters of 2025 was approximately -¥1.12 billion, worsening from -¥730 million in 2024[26] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.7478, compared to -¥0.4995 in 2024[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥238,390,584.33, an increase of 1,068.48% compared to the same period last year[4] - The company's cash and cash equivalents decreased by 39.83% to ¥799,374,868.45 from ¥1,328,549,874.01[15] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥238 million, significantly up from ¥20 million in 2024[29] - Cash flow from investing activities for the first three quarters of 2025 was approximately -¥170 million, an improvement from -¥487 million in 2024[30] - Cash flow from financing activities for the first three quarters of 2025 was approximately -¥566 million, compared to a positive cash flow of approximately ¥896 million in 2024[30] - The company reported a total cash and cash equivalents balance of approximately ¥780 million at the end of the third quarter of 2025, down from ¥1.42 billion at the end of the same period in 2024[30] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥15,563,580,467.23, representing a decrease of 8.34% from the end of the previous year[4] - The company's current liabilities totaled RMB 4.34 billion, down from RMB 6.28 billion at the end of 2024, indicating improved liquidity[24] - The company's total liabilities decreased to RMB 11.18 billion from RMB 12.70 billion at the end of 2024, indicating a reduction in financial leverage[24] - The company’s non-current assets totaled RMB 9.47 billion, down from RMB 10.01 billion at the end of 2024, indicating a potential divestment or depreciation of assets[23] Shareholder Information - The company reported a total of 37,762 common shareholders at the end of the reporting period[10] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 29.58% of the shares[10] Other Financial Metrics - The weighted average return on equity was -13.65%, a decrease of 9.29 percentage points year-over-year[4] - The company recognized non-recurring losses of -¥424,549.78 for the current period[6] - The company reported a 257.04% increase in other income, reaching ¥9,253,909.18 from ¥2,591,804.75[17] - The total profit decreased to -¥1,132,280,207.56 compared to -¥732,612,691.95 in the previous period[17] Investment and Financing Activities - The company plans to issue perpetual medium-term notes in the interbank market with a total scale not exceeding RMB 1 billion to broaden financing channels and reduce costs[20] - The first phase of the technology innovation bond issuance for 2025 was completed, with an issuance amount of RMB 1 billion and an interest rate of 2.55%[20] - The company will establish a joint venture with Hengda Zhikong with a total investment of RMB 100 million, where the company holds 51% of the equity[20] Inventory and Production - The company's inventory increased to RMB 475.43 million, up from RMB 376.99 million at the end of 2024, reflecting a potential increase in production[23]

Financial Performance - The company's operating revenue for the third quarter was approximately CNY 8.81 billion, representing an increase of 18.97% compared to the same period last year[3]. - The total profit for the third quarter decreased by 64.79% to approximately CNY 66.92 million, while the net profit attributable to shareholders dropped by 87.69% to approximately CNY 16.18 million[3]. - The basic earnings per share for the third quarter was CNY 0.01, reflecting a decrease of 80.00% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was ¥22.91 billion, a decrease of 11.8% compared to ¥25.96 billion in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was ¥190.12 million, a decline of 76.8% from ¥817.19 million in 2024[19]. - Operating profit for the first three quarters of 2025 was ¥284.52 million, a decrease of 68.8% compared to ¥913.03 million in 2024[19]. - Basic earnings per share for the first three quarters of 2025 were ¥0.04, down from ¥0.27 in the same period of 2024[19]. - The company reported a total comprehensive income of ¥189.04 million for the first three quarters of 2025, significantly lower than ¥815.11 million in 2024[19]. - The company reported a total profit of approximately ¥360.25 million for the first three quarters of 2025, a decrease of 29% from ¥506.38 million in the same period of 2024[27]. Assets and Liabilities - Total assets increased by 9.87% to approximately CNY 127.36 billion compared to the end of the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥94,622,573,730.24, an increase from ¥83,897,883,793.98 as of December 31, 2024[14]. - Total assets increased to ¥127,356,803,514.34 from ¥115,913,298,911.68, representing a growth of approximately 9.5%[15]. - The total liabilities as of the reporting date were ¥79.73 billion, an increase of 13.5% from ¥70.40 billion in the previous year[16]. - The company's total liabilities as of September 30, 2025, were ¥21.51 billion, up from ¥18.16 billion at the end of 2024, indicating a 12.9% increase[24]. - Total liabilities increased to ¥94,622,573,730.24, reflecting a significant rise in financial obligations[15]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net increase of 50.99% year-to-date[9]. - In the first three quarters of 2025, the cash inflow from operating activities reached ¥29.85 billion, a significant increase from ¥16.05 billion in the same period of 2024, representing an 86.5% growth[21]. - The net cash flow from operating activities for the first three quarters of 2025 was -¥8.47 billion, an improvement compared to -¥17.28 billion in the first three quarters of 2024[21]. - The company reported a net cash flow from operating activities of approximately -¥5.37 billion for the first three quarters of 2025, an improvement from -¥6.58 billion in the same period of 2024[29]. - Cash inflow from financing activities was approximately ¥12.39 billion in the first three quarters of 2025, compared to ¥6.25 billion in the same period of 2024, indicating a significant increase[29]. Research and Development - Research and development expenses rose by 21.70%, indicating increased investment in innovation and product development[8]. - Research and development expenses increased to ¥409.43 million in 2025, up 21.7% from ¥336.41 million in 2024[18]. - Research and development expenses remained stable at approximately ¥31.60 million in the first three quarters of 2025, compared to ¥31.46 million in the same period of 2024[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 130,791[11]. - The largest shareholder, China Aviation Engine Group Co., Ltd., holds 1,220,558,027 shares, accounting for 45.79% of total shares[11]. Inventory and Receivables - The company experienced a 37.83% increase in inventory, driven by increased production needs[8]. - Accounts receivable increased to ¥41,415,207,407.62 from ¥35,719,779,601.66, reflecting a growth of approximately 15.5%[14]. - Inventory rose significantly to ¥43,692,211,429.50 from ¥31,699,481,255.50, indicating a growth of about 37.8%[14]. - The accounts receivable increased to ¥13.12 billion as of September 30, 2025, from ¥10.20 billion at the end of 2024, representing a 28.5% rise[23]. - The inventory level as of September 30, 2025, was ¥9.79 billion, an increase from ¥8.41 billion at the end of 2024, reflecting a 16.4% growth[23]. Financial Expenses - Financial expenses rose to ¥440.81 million in 2025, compared to ¥299.25 million in 2024, reflecting an increase of 47.2%[18]. - The company incurred financial expenses of approximately ¥146.51 million in the first three quarters of 2025, significantly higher than ¥60.75 million in the same period of 2024[27]. Investment Income - The company reported a decrease in investment income by 28.62%, primarily due to declining profits from joint ventures[8]. - The company achieved investment income of approximately ¥192.96 million in the first three quarters of 2025, down from ¥358.64 million in the same period of 2024[27].

Financial Performance - Total revenue for the third quarter was CNY 549,640,653.81, a decrease of 11.32% compared to the same period last year[4] - Total profit for the third quarter was CNY 17,320,548.23, down 90.42% year-on-year[4] - Net profit attributable to shareholders for the third quarter was CNY 22,023,252.80, a decline of 80.25% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -7,472,322.87, a decrease of 370.84% year-on-year[4] - Basic earnings per share for the third quarter were CNY 0.01, down 75.00% from the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 1,692,388,541.40, a decrease of 23.3% compared to CNY 2,207,113,603.27 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was CNY 117,488,898.29, down 54.5% from CNY 258,395,761.03 in the first three quarters of 2024[18] - Operating profit for the first three quarters of 2025 was CNY 159,678,397.92, a decline of 48.3% compared to CNY 309,037,785.06 in the same period of 2024[18] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.04, down from CNY 0.09 in the same period of 2024[19] - Total operating revenue for the first three quarters of 2025 was ¥163.53 million, a decrease of 29% compared to ¥230.66 million in the same period of 2024[26] - Net profit for the first three quarters of 2025 was ¥191.04 million, down 28% from ¥264.17 million in 2024[27] - Operating profit for the first three quarters of 2025 was ¥213.19 million, a decrease of 20% from ¥265.55 million in 2024[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,319,100,368.26, a decrease of 0.65% from the end of the previous year[5] - The total current assets as of September 30, 2025, amount to ¥9,148,118,971.93, a decrease from ¥9,542,132,438.58 at the end of 2024[14] - The total assets amount to ¥19,319,100,368.26, slightly down from ¥19,445,688,020.19 at the end of 2024[14] - The total non-current assets increased to ¥10,170,981,396.33 from ¥9,903,555,581.61 year-over-year[14] - The total liabilities decreased to CNY 8,668,485,255.84 in 2025 from CNY 9,067,942,500.69 in 2024, reflecting a reduction of 4.4%[16] - The total liabilities were CNY 6,156,615,611.94, slightly up from CNY 6,137,594,518.06 at the end of 2024[24] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 10,143,297,367.33, an increase of 3.03% compared to the previous year[5] - The total equity attributable to shareholders increased to CNY 10,143,297,367.33 in 2025 from CNY 9,844,844,605.38 in 2024, representing a growth of 3.1%[16] - The total equity increased to CNY 9,435,649,126.67, compared to CNY 9,115,783,339.39 at the end of 2024[25] - The total number of common shareholders at the end of the reporting period is 197,947[11] - The largest shareholder, Shanghai Dazhong Public Utilities (Group) Co., Ltd., holds 473,186,074 shares, accounting for 20.01% of total shares[12] Cash Flow - The company reported a cash flow from operating activities of CNY 590,908,952.75 for the year-to-date, an increase of 18.15%[5] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 2,242,148,195.75, a decrease of 17.2% compared to CNY 2,708,609,339.42 in the same period of 2024[20] - The net cash flow from operating activities increased to CNY 590,908,952.75, up by 18.1% from CNY 500,143,479.97 year-on-year[21] - The company reported a decrease in cash received from sales of goods and services to CNY 1,707,829,548.65, down 26% from CNY 2,307,282,489.38 in the previous year[20] - The company’s cash flow from financing activities included CNY 4,209,520,106.63 in cash received from borrowings, down from CNY 5,376,083,324.99 in the same period last year[21] - The company reported a net cash flow from operating activities of -¥656.77 million for the first three quarters of 2025, compared to ¥214.19 million in 2024[29] Expenses - The decline in profits was primarily due to decreased revenue from the main business and market competition, particularly in the real estate sector[8] - Research and development expenses for the first three quarters of 2025 were CNY 36,247,229.05, down 31.4% from CNY 52,837,136.83 in the same period of 2024[17] - The total operating costs for the first three quarters of 2025 were CNY 1,735,470,977.19, down 15.2% from CNY 2,045,993,453.33 in 2024[17] - The company incurred financial expenses of ¥93.09 million in the first three quarters of 2025, down from ¥113.11 million in 2024[26] Comprehensive Income - The company’s comprehensive income for the first three quarters of 2025 was CNY 482,437,475.13, an increase from CNY 286,498,207.90 in 2024[19] - The total comprehensive income for the first three quarters of 2025 was ¥483.46 million, significantly higher than ¥286.89 million in 2024[27] - The company reported a significant increase in other comprehensive income, totaling ¥292.42 million in 2025 compared to ¥22.72 million in 2024[27] Accounting Standards - The company has not applied new accounting standards for the first time in 2025[30]

通化葡萄酒股份有限公司 2025 年第三季度报告 通化葡萄酒股份有限公司 2025 年第三季度报告 二零二五年十月 1 / 19 通化葡萄酒股份有限公司 2025 年第三季度报告 证券代码：600365 证券简称：ST 通葡 通化葡萄酒股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、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。 公司负责人吴玉华、主管会计工作负责人贾旭及会计机构负责人（会计主管人员）王荣杰保证季 度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | ...