Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,450,725,019.78, representing a year-on-year increase of 5.15%[4] - The total profit for the period was CNY 56,290,501.56, reflecting a significant increase of 17.77% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 37,491,786.81, which is an increase of 11.45% year-on-year[4] - The net profit after deducting non-recurring gains and losses reached CNY 28,852,595.32, up by 3.83% from the previous year[4] - Basic earnings per share for the period were CNY 0.04, up 33.33% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 4,068,659,285.51, a decrease of 1.6% compared to CNY 4,129,741,308.01 in the same period of 2024[19] - Total operating costs for the first three quarters of 2025 were CNY 3,881,947,247.09, down 3.7% from CNY 4,031,008,412.11 in 2024[19] - Net profit for the first three quarters of 2025 reached CNY 164,032,557.87, an increase of 43.1% compared to CNY 114,668,815.87 in 2024[20] - Earnings per share for the first three quarters of 2025 were CNY 0.13, up from CNY 0.10 in the same period of 2024[21] Cash Flow and Assets - The cash flow from operating activities showed a remarkable increase of 84.46%, primarily due to a reduction in inventory compared to the same period last year[8] - Cash generated from operating activities in the first three quarters of 2025 was CNY 4,364,811,232.87, a decrease from CNY 4,623,551,885.74 in 2024[23] - The net cash flow from operating activities was 360,596,227.26, a decrease from 373,905,612.54 in the previous period, reflecting a decline of approximately 1.4%[24] - Cash inflow from investment activities totaled 1,226,824,698.54, down from 1,430,704,493.98, indicating a decrease of about 14.3%[24] - The net cash flow from investment activities was -488,927,971.76, worsening from -193,560,734.03 in the prior period[24] - Cash inflow from financing activities was 539,896,252.09, compared to 622,935,643.39, representing a decline of approximately 13.3%[25] - The net cash flow from financing activities improved to 123,423,423.14 from a negative -110,984,510.87 in the previous period[25] - The total cash and cash equivalents at the end of the period were 460,250,351.34, down from 582,745,255.52, a decrease of about 21%[25] - The cash outflow for purchasing goods and services was 3,161,820,395.03, compared to 3,454,583,832.65, reflecting a decrease of approximately 8.5%[24] - The cash paid to employees was 642,608,920.52, slightly down from 645,329,408.37, indicating a marginal decrease of about 0.4%[24] - The cash received from investment recoveries was 1,205,950,000.00, down from 1,406,128,203.02, a decline of approximately 14.3%[24] - The cash paid for fixed assets and other long-term assets was 496,103,870.30, an increase from 350,087,425.74, representing a rise of about 41.8%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 8,458,850,038.26, marking a 6.02% increase from the end of the previous year[5] - As of September 30, 2025, the total current assets amounted to RMB 3,849,957,675.40, an increase from RMB 3,601,393,537.05 as of December 31, 2024, reflecting a growth of approximately 6.9%[14] - Total liabilities increased to CNY 3,702,481,504.19 from CNY 3,353,310,969.49 in the previous period[16] - Shareholders' equity rose to CNY 4,756,368,534.07, up from CNY 4,625,058,038.61 in the previous period[17] - The company reported a decrease in short-term borrowings to CNY 394,103,280.98 from CNY 283,812,186.30 in the previous period[16] - The total liabilities and equity structure remains stable, with no significant changes reported in the shareholder equity section[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,125[10] - There were no changes in the shareholding structure among the top 10 shareholders, indicating stability in ownership[12] Strategic Focus - The company is focusing on enhancing its product structure and expanding high-value-added products to improve profitability[8] - The company has not engaged in any financing or margin trading activities during the reporting period[12] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13] Research and Development - Research and development expenses for the first three quarters of 2025 amounted to CNY 181,429,145.06, slightly higher than CNY 176,608,826.98 in 2024[20]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,387,364,824.5, a decrease of 13.35% compared to the same period last year[3] - The total profit for the period was a loss of CNY 144,148,459.26, representing an 8.85% decline year-on-year[3] - The net profit attributable to shareholders was a loss of CNY 135,199,757.25, down 34.33% from the previous year[3] - The basic earnings per share for the period was -CNY 0.0569, a decrease of 34.20% compared to the same period last year[3] - The net profit for the first three quarters of 2025 was a loss of CNY 401,282,044.28, compared to a loss of CNY 468,980,462.51 in the same period of 2024, indicating an improvement[21] - The company's total comprehensive income attributable to shareholders was -¥363.82 million for the period, an improvement from -¥387.08 million in the previous year[23] - The basic and diluted earnings per share for the period were both -¥0.1531, slightly better than -¥0.1629 in the same period of 2024[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,281,336,254.87, a decrease of 17.87% from the end of the previous year[5] - The total assets decreased from CNY 19,823,835,835.89 in 2024 to CNY 16,281,336,254.87 in 2025, a decline of 17.99%[17] - Total liabilities decreased from CNY 16,082,175,406.84 in 2024 to CNY 12,415,171,328.64 in 2025, a reduction of 22.09%[16] - The company's total equity increased from CNY 3,741,660,429.05 in 2024 to CNY 3,866,164,926.23 in 2025, an increase of 3.34%[17] - The company's short-term borrowings decreased from CNY 7,524,697,666.86 in 2024 to CNY 5,157,220,635.58 in 2025, a decrease of 31.48%[16] Cash Flow - The net cash flow from operating activities was a negative CNY 190,002,210.21, reflecting a 7.98% increase in outflow compared to the previous year[3] - For the first three quarters of 2025, the company reported cash inflows from operating activities of approximately ¥8.97 billion, a decrease of 6.67% compared to ¥9.61 billion in the same period of 2024[25] - The net cash flow from operating activities for the first three quarters of 2025 was -¥190 million, slightly improved from -¥206 million in the same period of 2024[26] - The company experienced a significant decrease in cash received from sales of goods and services, totaling approximately ¥5.95 billion, down 37.5% from ¥9.54 billion in the previous year[25] - Total cash outflows from operating activities amounted to approximately ¥9.16 billion, a decrease of 6.7% compared to ¥9.82 billion in the same period of 2024[26] - The net cash flow from investing activities was -¥448.71 million, worsening from -¥187.70 million in the same period of 2024[26] - Cash inflows from financing activities were approximately ¥5.61 billion, down 38.5% from ¥9.08 billion in the previous year[26] - The net cash flow from financing activities was -¥1.30 billion, compared to -¥388.70 million in the same period of 2024[28] - The ending balance of cash and cash equivalents was approximately ¥520.52 million, a significant decrease from ¥1.78 billion at the end of the previous year[28] Operating Costs and Expenses - Total operating revenue for the first three quarters of 2025 was CNY 7,517,295,998, a decrease of 5.06% compared to CNY 7,917,721,972 in the same period of 2024[20] - Total operating costs for the first three quarters of 2025 were CNY 7,918,220,657.84, down from CNY 8,452,160,373.47 in 2024, reflecting a reduction of 6.30%[20] - Research and development expenses increased to CNY 202,108,515.12 in 2025 from CNY 186,905,604.52 in 2024, representing an increase of 8.00%[21] Government Support - The company received government subsidies amounting to CNY 26,470,257.39 during the period, contributing to its financial results[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,234[10]

Financial Performance - The company's operating revenue for the third quarter reached ¥494,650,532.13, an increase of 30.64% compared to the same period last year[4] - Total profit for the quarter was ¥139,005,877.98, reflecting a significant increase of 356.37% year-over-year[4] - Net profit attributable to shareholders was ¥97,956,073.51, up by 289.97% compared to the previous year[4] - The net profit excluding non-recurring gains and losses was ¥84,766,061.41, showing a remarkable increase of 532.11% year-over-year[4] - Basic earnings per share for the quarter were ¥0.4857, representing a 292.01% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 was ¥880,995,160.78, a decrease of 17.0% compared to ¥1,061,265,800.13 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥75,724,035.24, a decline of 29.4% from ¥107,341,416.12 in 2024[21] - Earnings per share for the first three quarters of 2025 was ¥0.3096, compared to ¥0.4175 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,734,700,337.72, a decrease of 6.4% compared to the end of the previous year[5] - Total current assets decreased to ¥1,878,963,404.61 from ¥2,060,627,682.30 year-over-year[15] - Total assets decreased to ¥2,734,700,337.72 from ¥2,921,611,067.70 year-over-year[16] - Total liabilities decreased to ¥1,717,049,872.54 in 2025 from ¥1,950,991,132.04 in 2024, reflecting a reduction of 11.9%[20] - Total equity increased to ¥1,017,650,465.18 in 2025, up from ¥970,619,935.66 in 2024, representing a growth of 4.8%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,312[12] - The largest shareholder, Koyun New Materials Co., Ltd., holds 58,240,000 shares, accounting for 28% of total shares[12] - The company has a total of 6,325,461 shares repurchased, representing 3.04% of the total share capital[13] - The company has not reported any changes in the participation of major shareholders in the securities lending business[14] Cash Flow and Investments - The net cash flow from operating activities for the quarter was -¥45,678,134.79, a decline of 233.47% compared to the same period last year[10] - Cash inflow from operating activities for the first three quarters of 2025 was $709.48 million, a decrease of 15% compared to $834.95 million in the same period of 2024[23] - Net cash flow from operating activities turned positive at $67.04 million in 2025, compared to a negative $22.68 million in 2024[23] - Cash inflow from investment activities increased significantly to $388.08 million in 2025, up from $166.24 million in 2024[24] - Net cash flow from investment activities was negative at $93.68 million in 2025, contrasting with a positive $13.40 million in 2024[24] - Cash inflow from financing activities decreased to $388.66 million in 2025 from $546.03 million in 2024[24] - Net cash flow from financing activities was negative at $113.05 million in 2025, compared to a negative $44.14 million in 2024[24] - The ending cash and cash equivalents balance decreased to $284.71 million in 2025 from $366.64 million in 2024[24] - The company received $387.50 million from investment recoveries in 2025, a substantial increase from $21.77 million in 2024[23] - The company paid $449.02 million in debt repayments in 2025, slightly up from $428.66 million in 2024[24] - The company reported a cash inflow of $5.79 million from tax refunds in 2025, an increase of 82% from $3.17 million in 2024[23] Expenses - Total operating costs for the first three quarters of 2025 were ¥793,876,476.85, down 16.6% from ¥951,971,053.20 in 2024[20] - Research and development expenses increased to ¥48,496,349.19 in 2025, up 33.9% from ¥36,233,397.80 in 2024[20] - The company reported a decrease in sales expenses to ¥8,680,205.53 in 2025 from ¥12,814,993.01 in 2024, a reduction of 32.5%[20] - The company’s financial expenses rose to ¥18,961,691.05 in 2025, compared to ¥16,239,383.62 in 2024, an increase of 16.8%[20] - The company’s deferred income tax liabilities increased to ¥4,330,400.66 in 2025 from ¥3,908,280.73 in 2024, an increase of 10.8%[20]

Financial Performance - The company's operating revenue for the third quarter was ¥5,797,168,351.51, a decrease of 10.04% compared to the same period last year[4] - The total profit for the quarter was -¥109,102,068.83, reflecting a decline of 106.45% year-on-year[4] - The net profit attributable to shareholders was -¥17,965,903.96, down 101.34% from the previous year[4] - The basic earnings per share for the quarter was -¥0.0101, a decrease of 101.34% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 19,054,325,874.75, a decrease of 11.85% compared to CNY 21,617,212,795.90 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was CNY 263,944,719.74, a significant decline of 82.16% from CNY 1,482,845,936.03 in 2024[23] - The company's operating profit for the first three quarters of 2025 was CNY 448,981,767.50, compared to CNY 2,231,237,505.24 in 2024, indicating a decrease of 79.93%[22] - Operating profit for the first three quarters of 2025 was CNY 817,965,916.84, down 46.5% from CNY 1,528,444,448.99 in 2024[31] - Net profit for the first three quarters of 2025 reached CNY 856,372,133.63, a decline of 30.9% compared to CNY 1,240,568,321.36 in 2024[31] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥240,606,598.92, a decline of 114.22% year-on-year[4] - Cash flow from operating activities for the first three quarters of 2025 was CNY 31.43 billion, down 9.5% from CNY 34.73 billion in 2024[25] - Net cash flow from operating activities turned negative at CNY -240.61 million, compared to a positive CNY 1.69 billion in the previous year[25] - Cash inflow from investment activities decreased to CNY 2.82 billion, down 19.4% from CNY 3.50 billion in 2024[26] - Cash flow from financing activities resulted in a net outflow of CNY 626,594,592.07, worsening from a net outflow of CNY 200,672,925.02 in 2024[35] - The company reported a net decrease in cash and cash equivalents of CNY -1.18 billion for the first three quarters of 2025[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥54,896,667,990.99, a decrease of 2.57% from the end of the previous year[5] - The total assets decreased to CNY 54,896,667,990.99 in 2025 from CNY 56,345,199,270.65 in 2024, a reduction of 2.61%[19] - Total liabilities decreased to CNY 33,288,263,408.44 in 2025 from CNY 35,131,359,518.07 in 2024, reflecting a decrease of 5.25%[19] - The total liabilities amounted to CNY 9,453,375,568.23, a slight decrease from CNY 9,603,421,735.90 in the previous year[29] - Total equity increased to CNY 21,983,188,567.25 from CNY 21,363,419,062.14 year-over-year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 78,043[13] - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, representing 47.62% of total shares[14] - The second-largest shareholder, Shanghai Bailian Holdings Co., Ltd., holds 51,439,036 shares, representing 2.88%[14] Non-Recurring Items and Other Income - The company reported non-recurring gains of ¥13,888,988.04 for the quarter, with a significant portion coming from government subsidies and asset disposals[8] - The company reported a significant increase in financial expenses, rising to CNY 21,140,535.11 in 2025 from CNY 4,336,155.26 in 2024, marking an increase of 387.56%[21] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 238,093,310.93, slightly up from CNY 234,471,930.47 in 2024[23] Future Outlook - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[36] - The announcement was made by the board of directors of Shanghai Bailian Group Co., Ltd. on October 30, 2025[37]

重要内容提示 公司董事会、监事会及董事、监事、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。 江苏紫金农村商业银行股份有限公司 2025 年第三季度报告 证券代码：601860 证券简称：紫金银行 江苏紫金农村商业银行股份有限公司 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。 第三季度财务报表是否经审计 □是 √否 审计师发表非标意见的事项 □适用 √不适用 一、主要财务数据 （一） 主要会计数据和财务指标 单位：千元 币种：人民币 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 880,642 -18.44 3,273,308 -5.42 利润总额 351,803 -34.43 1,416,561 -10.47 归属于上市公司股东的 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 11,711,368,978.02, a decrease of 0.38% compared to the same period last year[4] - The total profit for the quarter was CNY 754,515,472.40, down 17.28% year-on-year[4] - The net profit attributable to shareholders was CNY 452,206,584.28, reflecting a decline of 28.94% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 440,971,561.34, a decrease of 30.56% year-on-year, primarily due to weakened consumer demand[8] - The basic earnings per share for the quarter was CNY 0.2186, down 28.93% year-on-year[4] - The weighted average return on equity was 0.82%, a decrease of 4.68 percentage points compared to the previous year[4] - The company's total operating revenue for the first three quarters of 2025 was CNY 39.86 billion, a decrease of 7.4% compared to CNY 43.02 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 3.46 billion, down 19.7% from CNY 4.31 billion in the first three quarters of 2024[20] - Operating profit for the first three quarters of 2025 was CNY 4.48 billion, a decrease of 17.7% compared to CNY 5.46 billion in the same period of 2024[20] - Total comprehensive income for the first three quarters of 2025 was CNY 3.18 billion, a decrease of 24.5% from CNY 4.21 billion in 2024[20] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 3,387,993,629.01, down 33.62% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2025 was CNY 3.39 billion, down 33.6% from CNY 5.10 billion in 2024[22] - Cash flow from investing activities showed a net outflow of CNY 3.31 billion in 2025, compared to a net outflow of CNY 408.93 million in 2024[23] - Cash and cash equivalents as of September 30, 2025, were CNY 31.97 billion, down from CNY 34.82 billion at the end of 2024[15] - Cash and cash equivalents at the end of the third quarter of 2025 were CNY 31.96 billion, slightly down from CNY 31.99 billion at the end of the third quarter of 2024[23] - Total assets at the end of the reporting period were CNY 75,496,310,802.94, a decrease of 1.00% from the end of the previous year[5] - The company's total assets as of September 30, 2025, were CNY 75.50 billion, a slight decrease from CNY 76.26 billion at the end of 2024[17] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 517.21 million, which represents 16.95% of the net profit attributable to shareholders for the first three quarters of 2025[14] - The equity attributable to shareholders increased by 1.05% to CNY 55,673,889,506.75 compared to the end of the previous year[5] Non-Recurring Gains and Expenses - The company reported non-recurring gains of CNY 11,235,022.94 for the quarter, with significant contributions from asset disposal and government subsidies[7] - The company reported a tax expense of CNY 954.28 million for the first three quarters of 2025, down from CNY 1.14 billion in 2024[20] Market and Operational Developments - In Hainan, the monthly sales of offshore duty-free shopping increased by 3.4% year-on-year as of September 2025, marking a return to positive growth for nearly 18 months[12] - The company opened new duty-free stores in Shenzhen, Guangzhou, and Chengdu, adopting a dual-track operation model of "duty-free + taxable" to enhance consumer engagement[13] - The company is advancing the construction of the third phase of the Sanya International Duty-Free City project, among other ongoing projects[13] - The company is enhancing its market presence in Macau with the opening of a new concept store and the development of a duty-free shop at Macau International Airport[13] Inventory and Liabilities - The company's inventory as of September 30, 2025, was CNY 17.22 billion, slightly down from CNY 17.35 billion at the end of 2024[15] - The company's non-current liabilities totaled CNY 4.24 billion as of September 30, 2025, compared to CNY 4.34 billion at the end of 2024[17] Research and Development - Research and development expenses increased significantly to CNY 67.69 million in 2025 from CNY 8.73 million in 2024, reflecting a growth of 675.5%[20] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[24] - The announcement was made by the board of directors of China Tourism Group Duty Free Corporation on October 30, 2025[25]

Financial Performance - Revenue for the third quarter was CNY 102,999,932.26, a decrease of 15.32% compared to the same period last year[4] - Total profit for the third quarter was CNY -2,258,455.88, a decline of 123.87% year-over-year[4] - Net profit attributable to shareholders was CNY -2,414,727.45, down 127.84% compared to the same quarter last year[4] - The net profit excluding non-recurring gains and losses was CNY -2,916,547.37, a decrease of 136.87% year-over-year[4] - Basic earnings per share for the quarter was CNY -0.02, a decrease of 133.33% compared to the same period last year[5] - Diluted earnings per share for the quarter was also CNY -0.02, reflecting a 133.33% decline year-over-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 305,611,493.97, a decrease of 13.8% compared to CNY 354,656,089.35 in the same period of 2024[21] - The net profit for the first three quarters of 2025 was -4,220,640.29 CNY, compared to a net profit of 18,362,601.70 CNY in the same period of 2024, indicating a significant decline[22] - Operating profit for the first three quarters of 2025 was -3,723,506.08 CNY, while it was 20,041,694.62 CNY in the previous year, reflecting a substantial decrease[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both -0.03 CNY, compared to 0.13 CNY in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 was -4,220,640.29 CNY, compared to 18,362,601.70 CNY in 2024, indicating a significant downturn[23] Cash Flow and Assets - Cash flow from operating activities for the year-to-date increased by 108.07% to CNY 58,985,584.90[5] - Operating cash flow increased by 108.07% compared to the same period last year, primarily due to cash receipts from sales exceeding cash payments for materials and operating activities[10] - Total cash inflow from investment activities increased by 218.58% year-on-year, mainly due to an increase in the maturity of bank deposit financial products[12] - Cash and cash equivalents as of September 30, 2025, were CNY 121,626,196.63, an increase of 19.9% from CNY 101,352,842.67 at the end of 2024[17] - The company reported a cash and cash equivalents balance of 121,626,196.63 CNY at the end of September 2025, up from 99,441,332.87 CNY at the end of September 2024[27] - Total assets at the end of the reporting period were CNY 603,809,896.24, a decrease of 3.67% from the end of the previous year[5] - Total assets decreased to CNY 603,809,896.24 as of September 30, 2025, from CNY 626,800,454.83 at the end of 2024, representing a decline of 3.7%[19] - Total liabilities as of September 30, 2025, were CNY 102,447,793.22, down from CNY 112,117,711.52 at the end of 2024, indicating a decrease of 8.0%[19] Shareholder Information - Shareholders' equity attributable to the company was CNY 501,362,103.02, down 2.59% compared to the previous year-end[5] - The total equity attributable to shareholders was CNY 501,362,103.02 as of September 30, 2025, down from CNY 514,682,743.31 at the end of 2024, reflecting a decrease of 2.6%[19] - The top shareholder, Hainan Ningsheng Tourism Group Co., Ltd., holds 41,986,000 shares, representing 29.99% of total shares[14] - The second-largest shareholder, Xie Yaming, owns 28,233,000 shares, accounting for 20.17% of total shares[14] Operational Insights - The decrease in revenue and profit was primarily due to reduced sales volume, declining product prices, and increased labor costs[8] - Total profit for the current reporting period decreased by 123.87% year-on-year, mainly due to a reduction in sales volume, declining product prices, and lower gross margins[10] - Net profit attributable to shareholders decreased by 127.84% in the current reporting period, primarily due to reduced sales volume, declining product prices, and rising labor costs[10] - The company reported a decrease in sales expenses by 16.87% year-to-date, mainly due to reduced sales costs and fewer quality claims[11] - Investment income increased by 103.05% year-to-date, primarily due to increased returns from structured deposit financial products[11] - The company has not reported any significant new strategies or product developments during the reporting period[16] Inventory and Receivables - Other receivables increased by 2,238.46% at the end of the reporting period, mainly due to an increase in rental deposits paid[11] - Inventory decreased by 7.97% at the end of the reporting period, primarily due to a reduction in the inventory of goods[11] - The company reported a decrease in inventory to CNY 64,634,975.73 as of September 30, 2025, compared to CNY 70,230,949.28 at the end of 2024, a reduction of 8.0%[17]

曙光信息产业股份有限公司 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、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。 第三季度财务报表是否经审计 □是 √否 曙光信息产业股份有限公司 2025 年第三季度报告 证券代码：603019 证券简称：中科曙光 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 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 2,970,259,205.60 | 27.51 | 8,820, ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥89,651,672.42, representing a 113.34% increase compared to the same period last year[4] - Total profit for the quarter was ¥5,487,760.99, marking a significant increase of 189.00% year-over-year[4] - Net profit attributable to shareholders was ¥4,132,692.12, up 65.21% from the previous year[4] - The net profit excluding non-recurring gains and losses for the quarter was ¥4,053,173.50, reflecting a 124.55% increase year-over-year[4] - Total revenue for the first three quarters of 2025 reached ¥191,776,062.60, a 48.8% increase from ¥128,922,533.24 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥14,744,150.47, compared to ¥4,787,461.36 in the previous year, reflecting a significant improvement[21] - Net profit for the first three quarters of 2025 was ¥12,418,187.59, up from ¥4,671,048.88 in 2024, indicating a growth of 165.5%[21] - Total comprehensive income for the period reached CNY 11,095,849.84, compared to CNY 4,550,480.37 in the same period last year, reflecting a significant increase[22] - Basic and diluted earnings per share increased to CNY 0.1018 from CNY 0.0447 year-over-year, indicating improved profitability[22] Assets and Liabilities - The company's total assets increased by 53.20% to ¥778,460,972.09 compared to the end of the previous year[5] - Total assets increased to ¥778,460,972.09 in 2025 from ¥508,148,789.98 in 2024, representing a growth of 53.2%[18] - Current assets totaled ¥329,997,468.97, compared to ¥202,926,845.93 in the previous year, marking a 62.5% increase[16] - Total liabilities rose to ¥288,648,114.38 from ¥73,124,512.85, showing a significant increase of 294.5%[18] - The company’s total liabilities increased, with current liabilities reaching CNY 125,376,764.54, up from CNY 35,386,761.75 year-over-year[27] - Total liabilities amounted to ¥145,776,441.04, with total equity at ¥399,076,829.34 as of the reporting date[30] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 41.08% to ¥9,138,325.37[4] - Cash flow from operating activities generated a net amount of CNY 9,138,325.37, down from CNY 15,509,092.87 in the previous year[25] - Cash flow from operating activities for the first three quarters of 2025 was ¥11,911,799.32, a significant recovery from a negative cash flow of -¥2,437,787.50 in 2024[36] - Operating cash inflows totaled CNY 167,356,358.91, compared to CNY 138,502,951.04 in the same period last year, showing growth in operational revenue[25] Investments and Expenses - The company completed the acquisition of Taizhou Zhongshixin Electronics Co., which contributed to the revenue growth[9] - Research and development expenses for the first three quarters of 2025 were ¥8,358,381.67, compared to ¥7,591,375.12 in 2024, reflecting a 10.1% increase[21] - The company incurred research and development expenses of ¥2,665,624.70 in the first three quarters of 2025, slightly down from ¥2,883,003.54 in 2024[31] - The company reported a net cash outflow from investing activities of CNY -50,579,758.56, compared to CNY -11,727,523.33 in the previous year, highlighting increased investment expenditures[26] - The company has made significant investments in long-term equity investments, which increased to CNY 383,898,019.39 from CNY 258,898,019.39, reflecting a strategic focus on long-term growth[27] Equity - The company reported a total equity attributable to shareholders of ¥420,983,271.15, a slight increase of 0.30% from the end of the previous year[5] - The total equity increased to ¥489,812,857.71 in 2025 from ¥435,024,277.13 in 2024, indicating a growth of 12.6%[18] - Cash and cash equivalents at the end of the period totaled CNY 53,352,458.33, up from CNY 35,931,395.04 at the end of the previous year[26] - Cash and cash equivalents at the end of the reporting period totaled ¥12,298,080.69, up from ¥4,256,023.97 in 2024[36] - The company raised ¥82,997,437.34 through financing activities in the first three quarters of 2025, compared to ¥5,000,000.00 in 2024[36]

Financial Performance - Operating revenue for Q3 2025 reached ¥5,433,333.05, an increase of 43.04% year-on-year, while year-to-date revenue was ¥34,123,025.72, up 66.46% compared to the same period last year[2] - Total profit for Q3 2025 was ¥7,813,487.59, a decrease of 57.41% year-on-year, and year-to-date profit totaled ¥21,796,727.94, down 62.10%[2] - Net profit attributable to shareholders for Q3 2025 was ¥7,899,722.42, down 57.71% year-on-year, with year-to-date net profit at ¥22,251,103.99, a decline of 61.91%[2] - The basic earnings per share for Q3 2025 was ¥0.0335, a decrease of 57.65% year-on-year, while year-to-date earnings per share was ¥0.0942, down 61.94%[2] - The net profit for the first three quarters of 2025 is CNY 21,796,727.94, a decrease of 62.1% compared to CNY 57,509,100.78 in the same period of 2024[22] - The total comprehensive income for the first three quarters of 2025 is CNY 18,729,667.50, down from CNY 62,310,258.75 in 2024, reflecting a decline of 69.9%[24] - Basic and diluted earnings per share for the first three quarters of 2025 are CNY 0.0942, compared to CNY 0.2475 in 2024, representing a decrease of 61.9%[24] Cash Flow and Investments - The net cash flow from operating activities was reported as not applicable, with a year-to-date figure of -¥16,649,824.22[2] - Cash inflow from operating activities for the first three quarters of 2025 is CNY 53,108,253.14, significantly higher than CNY 23,959,469.70 in 2024, marking an increase of 121.1%[24] - The net cash flow from investing activities for the first three quarters of 2025 is CNY 151,440,770.03, a substantial improvement from a net outflow of CNY 22,261,991.81 in 2024[26] - The net cash flow from financing activities for the first three quarters of 2025 is CNY -11,650,854.86, compared to CNY -10,833,956.44 in 2024, indicating a slight increase in cash outflow[26] - The cash and cash equivalents at the end of the third quarter of 2025 amount to CNY 157,986,129.98, a significant increase from CNY 35,770,381.68 at the end of 2024[26] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥1,046,472,247.72, an increase of 0.72% from the end of the previous year[2] - Total assets as of September 30, 2025, were RMB 1,046,472,247.72, compared to RMB 1,038,967,341.66 at the end of 2024, marking a slight increase of 0.4%[19] - Total liabilities amounted to RMB 60,682,944.29, up from RMB 59,460,750.85, indicating a rise of approximately 2.1%[17] - The company's equity attributable to shareholders reached RMB 980,827,136.65, compared to RMB 974,090,047.99 at the end of 2024, showing an increase of about 0.8%[19] Revenue and Costs - The increase in operating revenue was attributed to higher sales volumes in the edible fungus and coffee businesses, as well as foreign exchange receipts from last year's exports[6] - Total operating revenue for the first three quarters of 2025 reached RMB 34,123,025.72, a significant increase from RMB 20,499,751.17 in the same period of 2024, representing a growth of approximately 66.5%[20] - Total operating costs for the first three quarters of 2025 were RMB 49,995,607.37, compared to RMB 36,003,748.14 in 2024, indicating an increase of about 38.5%[20] Profitability and Margins - The weighted average return on equity for Q3 2025 decreased by 1.3016 percentage points to 0.8077%, and year-to-date it decreased by 4.0055 percentage points to 2.2585%[2] - The company reported an investment income of CNY 51,381,675.08 for the first three quarters of 2025, down from CNY 61,306,175.67 in 2024, reflecting a decrease of 16.5%[22] - The operating profit for the first three quarters of 2025 is CNY 21,800,049.76, a decline of 62.0% compared to CNY 57,524,461.32 in 2024[22] - The company experienced a foreign exchange loss of CNY 14,180,880.00 in 2025, contrasting with a gain of CNY 11,513,290.00 in 2024[22] Research and Development - Research and development expenses were not explicitly detailed in the report, but management indicated a focus on innovation and technology development moving forward[20]