Financial Performance - The company's operating revenue for the third quarter was CNY 334,749,188.89, a decrease of 1.44% compared to the same period last year[4] - The total profit for the year-to-date period was CNY -37,915,635.99, reflecting a significant decline of 900.71% year-on-year[4] - The net profit attributable to shareholders for the third quarter was CNY -6,631,138.13, marking a year-on-year decrease of 260.50%[4] - The company's net profit for the current period is -¥18,810,616.81, compared to a net profit of ¥11,720,277.68 in the same period last year, indicating a significant decline[21] - Operating profit has decreased to -¥37,640,766.47 from ¥4,782,153.26 year-over-year, reflecting a challenging operational environment[21] - The company reported a total comprehensive income of -¥18,897,942.82, compared to ¥11,670,138.34 in the same period last year, indicating a substantial decline in overall financial performance[22] - Basic and diluted earnings per share are both -¥0.26, compared to ¥0.16 in the previous year, highlighting a negative impact on shareholder value[22] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 135,816,636.50, an increase of 237.28% compared to the previous year[5] - Cash and cash equivalents as of September 30, 2025, were RMB 515,404,215.73, down from RMB 706,639,751.63 at the end of 2024, representing a decrease of 27%[14] - The net cash flow from operating activities has improved to ¥135,816,636.50 from ¥40,268,022.68 year-over-year, indicating better cash management[25] - Cash and cash equivalents at the end of the period stand at ¥318,732,498.55, down from ¥446,034,097.06 at the end of the previous year[26] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 1,077,859,584.93, up from RMB 996,186,315.66 in 2024, reflecting a year-on-year increase of 8.2%[20] - Operating costs included RMB 971,326,935.74 in operating expenses for 2025, compared to RMB 890,494,714.47 in 2024, indicating a rise of 9.1%[20] - The company incurred financial expenses of ¥21,685,638.64, significantly higher than ¥11,482,441.05 in the previous year, primarily due to increased interest expenses[21] - Research and development expenses decreased to ¥33,047,484.65 from ¥41,835,654.95, reflecting a strategic shift in resource allocation[21] Shareholder Information - The company has a total of 14,546 common shareholders at the end of the reporting period[11] - The largest shareholder, Zhang Jianwei, holds 57.35% of the shares, totaling 42,133,333 shares[11] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,959,340,840.71, representing a 3.79% increase from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 2,959,340,840.71, compared to RMB 2,851,168,167.03 at the end of 2024, showing an increase of 3.8%[16] - Total liabilities as of September 30, 2025, were RMB 1,935,297,445.60, up from RMB 1,810,047,488.36 in 2024, reflecting an increase of 6.9%[17] - Non-current assets totaled RMB 1,682,551,663.82 as of September 30, 2025, compared to RMB 1,455,774,512.40 at the end of 2024, indicating a growth of 15.6%[16] - The company's equity attributable to shareholders was RMB 1,024,043,395.11 as of September 30, 2025, slightly down from RMB 1,041,120,766.13 in 2024, a decrease of 1.6%[17] Strategic Focus - The decline in net profit was attributed to ongoing construction of the Ningbo Guanshi photomask manufacturing project and increased depreciation expenses as projects transition to fixed assets[9] - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[20] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[20] - Investment activities resulted in a net cash outflow of -¥406,763,980.94, compared to -¥889,751,769.29 in the previous year, suggesting a reduction in investment expenditures[26] - The company reported a significant increase in government subsidies, contributing to the improved cash flow from operating activities[10]

长春英利汽车工业股份有限公司 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。 长春英利汽车工业股份有限公司 2025 年第三季度报告 证券代码：601279 证券简称：英利汽车 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。 长春英利汽车工业股份有限公司 2025 年第三季度报告 | 稀释每股收益（元/股） | -0.011 | | -320.00 | -0.034 | | -221.43 | | --- | --- | --- | --- | --- | --- | --- | | 加权平均净资产收益率 | -0.42 | 减少 0.59 | 个 | -1.26 | 减少 2.30 | 个百 | | （%） | | | 百分点 | | | 分点 | | | 本报告期末 | | 上年度末 | ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 370,337,147.56, representing a year-on-year increase of 16.80%[4] - The total profit for the period was CNY 24,344,849.21, showing a significant increase of 40.55% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 25,339,837.10, up 42.86% year-on-year[4] - The basic earnings per share for the period was CNY 0.0087, up 42.62% year-on-year[4] - The diluted earnings per share also stood at CNY 0.0087, reflecting the same percentage increase[4] - Net profit for the first three quarters of 2025 was CNY 96,831,714.17, a decrease of 13.4% from CNY 111,746,287.93 in the same period of 2024[21] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.0334, down from CNY 0.0385 in the same period of 2024[22] Cash Flow - The net cash flow from operating activities reached CNY 81,081,320.12, a substantial increase of 81.71% compared to the previous year[4] - The net cash flow from operating activities year-to-date saw a drastic decline of 99.05%, mainly due to an increase in bank acceptance bill margin[9] - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥1.56 billion, a 24% increase from ¥1.26 billion in the same period of 2024[24] - Cash outflow from operating activities totaled approximately ¥1.56 billion, up from ¥1.10 billion year-over-year, resulting in a net cash flow from operating activities of approximately ¥1.53 million, a significant decrease from ¥160.8 million in 2024[25] - Cash inflow from investment activities was approximately ¥715.6 million, compared to ¥34.2 million in the previous year, while cash outflow for investment activities increased to approximately ¥1.28 billion from ¥843.9 million[25] - The net cash flow from investment activities was negative at approximately -¥568.6 million, an improvement from -¥809.7 million in the same period last year[25] - Cash inflow from financing activities was approximately ¥1.29 billion, significantly higher than ¥328 million in 2024, with net cash flow from financing activities reaching approximately ¥519.9 million, compared to a negative cash flow of -¥76 million in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,871,324,311.59, reflecting a growth of 14.23% from the end of the previous year[5] - The company's total assets increased to CNY 9,871,324,311.59, compared to CNY 8,641,692,662.46 in the previous year, reflecting a growth of 14.2%[18] - Total liabilities rose to CNY 2,298,269,233.93, up 100.0% from CNY 1,147,372,248.15 year-over-year[18] - The company’s non-current assets totaled CNY 5,254,344,988.75, an increase of 21.9% from CNY 4,312,047,695.96 year-over-year[18] - The company’s deferred tax assets decreased to CNY 869,391.28 from CNY 2,451,737.59, a decline of 64.6%[18] Shareholder Information - HNA Technology Group Co., Ltd. holds 602,006,689 shares, representing 20.76% of total shares, with 418,000,000 shares pledged[12] - Guohua Life Insurance Co., Ltd. holds 415,565,400 shares, accounting for 14.33% of total shares[12] - Total shares held by HNA Technology Group and its concerted action party, Daxin Logistics Holdings, amount to 853,443,285 shares, or 29.44% of total shares[13] - The company has pledged a total of 631,132,800 shares, which is 21.77% of total shares[13] Current Assets and Reserves - The company reported cash and cash equivalents of RMB 3,914,834,924.83 as of September 30, 2025, an increase from RMB 3,759,001,168.87 at the end of 2024[16] - Accounts receivable increased significantly to RMB 34,670,390.52 from RMB 2,404,483.36 year-over-year[16] - The total current assets as of September 30, 2025, amounted to RMB 4,616,979,322.84, compared to RMB 4,329,644,966.50 at the end of 2024[16] - Long-term equity investments increased to RMB 2,163,090,462.69 from RMB 2,154,598,180.98 year-over-year[16] - The company plans to use a total of RMB 5,365,593,119.92 from surplus and capital reserves to cover accumulated losses[14] - The company’s capital reserve will decrease to RMB 4,492,156,922.43 after the loss compensation plan is implemented[14] Comprehensive Income - The company reported a decrease in comprehensive income to CNY 80,709,714.17 from CNY 99,331,756.79 in the previous year, indicating a decline of 18.7%[22] Accounting Standards - The company will not apply new accounting standards or interpretations starting from 2025[26]

Financial Performance - The company's revenue for Q3 2025 reached approximately CNY 4.03 billion, an increase of 3.71% compared to the same period last year[7] - Total profit for the quarter was approximately CNY 386.55 million, reflecting a decrease of 4.01% year-over-year[7] - Net profit attributable to shareholders was approximately CNY 281.99 million, up by 3.95% compared to the previous year[7] - Total operating revenue for the first three quarters of 2025 reached CNY 15,599,408,001.60, an increase of 2.24% compared to CNY 15,258,841,551.72 in the same period of 2024[25] - Net profit for the first three quarters of 2025 was CNY 1,843,673,394.34, a decrease of 6.13% from CNY 1,964,014,369.52 in the previous year[26] - Total comprehensive income for the first three quarters of 2025 was CNY 1,845,237,087.61, down from CNY 1,975,279,703.18, a decline of 6.57%[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately CNY 2.03 billion, showing a significant increase of 7,436.93%[7] - In the first three quarters of 2025, the cash inflow from operating activities was approximately ¥16.91 billion, an increase of 2.1% compared to ¥16.57 billion in the same period of 2024[28] - The net cash flow from operating activities reached ¥2.03 billion, a significant increase from just ¥26.89 million in the first three quarters of 2024[28] - Cash outflow for purchasing goods and services decreased to ¥9.02 billion from ¥10.50 billion year-over-year, reflecting a reduction of 14.2%[28] - The net cash flow from investing activities was -¥1.31 billion, an improvement from -¥1.59 billion in the same period last year[29] - Cash inflow from financing activities was ¥780 million, down from ¥1.11 billion in the previous year[29] - The cash outflow for dividend distribution and interest payments was ¥864.50 million, a decrease of 77.2% compared to ¥3.79 billion in the same period of 2024[29] - The company received ¥191.29 million from investment recoveries, a notable increase from ¥100,000 in the previous year[29] Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 33.09 billion, a decrease of 1.03% from the previous year-end[8] - Total liabilities decreased to CNY 14,819,600,287.44 from CNY 16,144,102,669.57, indicating a reduction of approximately 8.18%[22] - Total equity increased to CNY 18,267,406,291.16 from CNY 17,286,917,855.83, reflecting a growth of about 5.68%[23] - The company's cash and cash equivalents decreased from approximately RMB 6.79 billion at the end of 2024 to RMB 5.59 billion by September 30, 2025[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 62,651[12] - The basic earnings per share for the quarter was CNY 0.06, a decrease of 4.88% compared to the same period last year[8] - Earnings per share (EPS) for the first three quarters of 2025 was CNY 0.39, down from CNY 0.41 in the same period of 2024[26] Business Operations - The total number of stores increased from 7,178 at the beginning of the year to 7,241 by the end of the reporting period, resulting in a net increase of 63 stores[15] - The company opened 681 new stores while closing 618, resulting in a net increase of 63 stores across all brands[15] - Online sales accounted for 20.42% of total revenue, generating approximately RMB 3.09 billion, while offline sales contributed 79.58% with around RMB 12.05 billion[18] - The main business revenue for the Hai Lan Zhi Jia series reached approximately RMB 10.85 billion, with a gross margin of 47.68%, reflecting a year-on-year decrease of 3.99% in revenue[15] - The main business income for the franchise and other stores was approximately RMB 9.35 billion, with a gross margin of 40.29%[16] - The company reported a total main business income of approximately RMB 15.14 billion, with a gross margin of 46.25%[16] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 156,993,010.89, down from CNY 184,381,815.17, representing a decrease of 14.81%[25] Other Financial Metrics - The company reported a weighted average return on equity of 1.66%, down by 0.09 percentage points from the previous year[8] - Non-recurring gains and losses for the quarter totaled approximately CNY 32.00 million[10] - The gross profit margin for direct stores was 63.22%, showing an increase of 1.26% compared to the previous year[16] - The company reported a financial income of CNY 201,409,904.60, compared to CNY 186,010,853.71 in the previous year, marking an increase of 8.06%[25] - The company reported a negative impact of ¥9.45 million from exchange rate fluctuations on cash and cash equivalents[29]

公司负责人【祝昌人】、主管会计工作负责人【张彤】及会计机构负责人（会计主管人员）【程 俊】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 元成环境股份有限公司 2025 年第三季度报告 证券代码：603388 证券简称：*ST 元成 元成环境股份有限公司 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、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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 □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 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 20,144,699.65 | ...

Financial Performance - The company's revenue for Q3 2025 reached ¥44,547,170.04, representing a year-on-year increase of 21.80% and a quarter-on-quarter growth of 7.13%[6] - The total profit for the period was -¥8,083,937.75, with a net profit attributable to shareholders of -¥7,878,981.97, indicating ongoing financial challenges[4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥2,134.28 million after accounting for share-based payment expenses of ¥949.79 million[9] - The net loss for the first three quarters of 2025 was ¥30,840,706.14, compared to a net loss of ¥7,157,997.60 in the same period of 2024[24] - Basic and diluted earnings per share for the current period were both -¥0.26, compared to -¥0.08 in the previous year[25] Research and Development - Research and development expenses amounted to ¥19,978,188.80 in Q3 2025, accounting for 44.85% of revenue, a decrease of 4.13 percentage points compared to the previous year[5] - R&D investment increased by 31.84% year-to-date due to higher material costs and additional R&D personnel[14] - Research and development expenses rose to ¥66,172,055.52, representing a 31.9% increase from ¥50,193,008.55 in the previous year[23] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[23] Market and Product Development - The company successfully acquired Shenzhen Jinghua Zhixin Microelectronics Co., expanding its business scale and actively exploring new markets[6] - The revenue from medical health SoC chip products accounted for 33.97%, with a significant year-on-year increase of 158.35% in sales of blood glucose meter chips[7] - The number of ongoing chip projects increased by 20.59% compared to the same period last year, with a 100% increase in the number of tape-out instances[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,346,103,308.12, reflecting a decrease of 5.72% from the end of the previous year[5] - Total assets decreased to ¥1,346,103,308.12 from ¥1,427,803,016.08, reflecting a decline of approximately 5.7%[21] - Total liabilities decreased to ¥99,463,884.16 from ¥162,552,705.21, a reduction of about 38.8%[20] Cash Flow and Liquidity - The company has a total cash balance of approximately ¥151.88 million as of September 30, 2025, down from ¥711.24 million at the end of 2024[18] - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[25] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 33,551,116.71, slightly worse than -CNY 31,624,186.57 in 2024[27] - The ending cash and cash equivalents balance for the first three quarters of 2025 was CNY 151,876,634.01, a significant decrease from CNY 555,580,018.75 in 2024[27] - The total cash outflow from operating activities was CNY 181,561,445.33 in 2025, compared to CNY 135,993,263.46 in 2024, reflecting an increase of approximately 33%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,974[15] - The largest shareholder, Lü Huanquan, holds 53,158,560 shares, representing 43.97% of total shares[16] - The second-largest shareholder, Luo Luoyi, holds 13,030,290 shares, accounting for 10.78%[16] Government Support - The company received government subsidies amounting to ¥201,000.00, which positively impacted its financial results[11] Investment Activities - The company reported an investment income of ¥8,834,065.67, down from ¥10,295,429.25 year-over-year[23] - The cash inflow from investment activities was CNY 894,845,039.28 in 2025, down from CNY 982,924,971.19 in 2024, a decrease of about 9%[27] - The net cash flow from investment activities was -CNY 484,183,695.70 in 2025, compared to -CNY 163,678,357.95 in 2024, indicating a significant increase in cash outflow[27]

Financial Performance - The company's revenue for Q3 2025 was ¥216,818,389, representing a slight increase of 0.06% compared to the same period last year[3]. - The total profit for the period was a loss of ¥11,827,782, with a year-to-date loss of ¥3,862,428[3]. - The net profit attributable to shareholders was a loss of ¥11,947,388 for the quarter, and a loss of ¥5,225,738 year-to-date[3]. - Total operating revenue for the first three quarters of 2025 was CNY 743,658,063, a decrease of 7.1% compared to CNY 800,667,195 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was a loss of CNY 5,106,776, compared to a loss of CNY 30,495,962 in the same period of 2024, indicating an improvement[19]. - The total comprehensive income for the first three quarters of 2025 was a loss of CNY 4,980,319, compared to a loss of CNY 30,836,276 in 2024, showing significant improvement[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the quarter was ¥17,317,617, a significant increase of 397.70% year-to-date[3]. - In the first three quarters of 2025, the net cash flow from operating activities was $103,468,366, a significant increase compared to $20,789,237 in the same period of 2024, reflecting improved operational efficiency[21]. - The cash flow from operating activities totaled $746,285,921 in 2025, while cash outflows were $642,817,555, resulting in a positive net cash flow from operations[21]. - Cash and cash equivalents increased to CNY 311,824,746 from CNY 181,897,320, representing a growth of 71.5%[13]. - Cash and cash equivalents at the end of the third quarter of 2025 stood at $133,507,471, down from $161,153,880 at the end of the same period in 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,529,565,434, down 6.83% from the end of the previous year[4]. - The total liabilities of the company as of September 30, 2025, amounted to CNY 437,507,126, a decrease from CNY 576,123,095 at the end of 2024[16]. - The company's total liabilities as of September 30, 2025, amounted to CNY 437,507,126, a decrease from CNY 576,123,095 at the end of 2024[16]. - The equity attributable to shareholders increased by 2.52% to ¥1,068,994,858 compared to the end of the previous year[4]. - The total equity attributable to shareholders as of September 30, 2025, was CNY 1,068,994,858, an increase from CNY 1,042,691,207 at the end of 2024[16]. Cost Management - The company implemented strict cost control measures, leading to a significant reduction in overall expenses and a narrowing of losses[7]. - Total operating costs for the first three quarters of 2025 were CNY 732,467,218, down 11.3% from CNY 826,217,570 in 2024[18]. - The company incurred cash outflows for purchasing goods and services amounting to $185,800,702 in 2025, a decrease from $271,165,429 in 2024, indicating cost management efforts[21]. - The company's financial expenses decreased to CNY 8,150,417 in 2025 from CNY 14,156,649 in 2024, a reduction of 42.5%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,867[8]. - The company has no reported changes in the shareholding structure among the top ten shareholders[11]. - The company’s repurchase account held 32,290,060 shares, accounting for 7.69% of the total share capital[11]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 20,363,538, down from CNY 22,749,109 in 2024, reflecting a 10.4% decrease[18]. - The company has not reported any new product developments or market expansion strategies in this quarter[3]. - The company has not disclosed any new strategies or product developments during the reporting period[12]. Investment Activities - Total cash inflow from investment activities in the first three quarters of 2025 was $1,054,725,589, while cash outflow was $1,062,030,118, resulting in a net cash flow of -$7,304,529, contrasting with a positive net cash flow of $33,537,302 in 2024[22]. - The cash received from investment income in the first three quarters of 2025 was $3,717,831, a significant drop from $11,949,090 in 2024, reflecting challenges in investment performance[22]. - The company reported a cash outflow of $151,500,000 for debt repayment in 2025, compared to $534,080,363 in 2024, indicating a reduction in debt servicing[22].

Financial Performance - The company's operating revenue for the third quarter was CNY 1,019,342,255.45, a decrease of 38.08% year-on-year[4] - Total profit for the quarter reached CNY 253,188,070.04, an increase of 44.05% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 224,559,220.11, reflecting a year-on-year increase of 53.66%[4] - Basic earnings per share for the quarter were CNY 0.30, an increase of 57.89% compared to the same period last year[5] - Total profit for the year-to-date increased by 172.92%, primarily due to the sale of a 12% stake in a joint venture, generating a disposal gain of 1.54 billion RMB after tax[10] - Net profit for the first three quarters of 2025 reached CNY 2,146,216,262.92, compared to CNY 793,134,205.47 in 2024, reflecting an increase of approximately 171.5%[19] - Operating profit for the first three quarters of 2025 was CNY 2,522,594,956.81, significantly higher than CNY 919,432,930.61 in the previous year, marking an increase of around 174.3%[19] - The net profit attributable to the parent company shareholders for the first three quarters of 2025 is CNY 2,152,182,184.52, compared to CNY 803,855,815.93 in the same period of 2024, representing a significant increase[20] - The total comprehensive income for the first three quarters of 2025 is CNY 2,145,311,321.48, up from CNY 792,454,029.76 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 2.80, compared to CNY 1.04 in 2024, indicating a strong performance improvement[20] Cash Flow - The cash flow generated from operating activities amounted to CNY 102,588,569.58, a significant increase of 727.70% year-on-year[4] - The net cash flow from operating activities increased by 727.70% for the current reporting period, mainly due to a rise in cash received from sales of goods and services[10] - Cash inflows from operating activities for the first three quarters of 2025 amount to CNY 3,640,002,364.59, down from CNY 6,200,789,712.62 in 2024[21] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 590,329,947.27, slightly up from CNY 567,609,005.34 in 2024[21] - Cash outflows from investing activities for the first three quarters of 2025 total CNY 5,010,758,565.34, compared to CNY 1,391,606,362.08 in 2024, indicating increased investment activity[22] - The net cash flow from investing activities for the first three quarters of 2025 is -CNY 1,506,491,600.39, worsening from -CNY 1,175,618,836.51 in 2024[22] - The net cash flow from financing activities for the first three quarters of 2025 is -CNY 979,528,249.55, compared to -CNY 31,519,702.29 in 2024, reflecting a significant increase in cash outflows[22] - The ending cash and cash equivalents balance as of the end of the third quarter of 2025 is CNY 1,048,684,858.24, down from CNY 1,357,743,974.78 in 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,585,156,807.98, representing a 7.58% increase from the end of the previous year[5] - Total assets as of September 30, 2025, were CNY 11,585,156,807.98, compared to CNY 10,768,625,044.29 at the end of 2024, reflecting an increase of about 7.6%[15] - Total liabilities decreased to CNY 2,561,059,550.26 as of September 30, 2025, from CNY 2,918,688,717.32 at the end of 2024, a decline of approximately 12.3%[16] - Shareholders' equity attributable to the company was CNY 9,009,343,064.30, up 14.86% from the previous year-end[5] - Shareholders' equity increased to CNY 9,024,097,257.72 as of September 30, 2025, compared to CNY 7,849,936,326.97 at the end of 2024, representing an increase of about 14.9%[16] Product Sales - The sales revenue of the main product, Su Xiao Xin Xin Wan, was CNY 1.716 billion, up 13.34% year-on-year[6] - The sales revenue of Qing Yan Di Wan reached CNY 376 million, marking a year-on-year growth of 38.61%[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,613[12] - The largest shareholder, Tianjin Pharmaceutical Group Co., Ltd., holds 331,120,528 shares, accounting for 42.997% of total shares[12] Accounting and Reporting Changes - The company plans to divest its wholly-owned subsidiary Tianjin Zhongxin Pharmaceutical Co., Ltd., which will impact revenue recognition in future reports[6] - Operating revenue for the current reporting period decreased by 38.08%, primarily due to changes in the scope of consolidation, as Tianjin Zhongxin Pharmaceutical Co., Ltd. is no longer included in the data[10] - The company will not apply new accounting standards starting from 2025, as stated in the announcement[23]

Financial Performance - The company's operating revenue for the third quarter was CNY 1,930,366,841.60, a decrease of 26.78% compared to the same period last year[4] - The total profit for the quarter was CNY 413,869,324.68, down 50.46% year-on-year[4] - The net profit attributable to shareholders was CNY 320,347,746.34, reflecting a decline of 48.69% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.2569, a decrease of 48.70% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was ¥8,881,812,629.52, a decrease of 10.7% compared to ¥9,941,582,189.34 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥2,549,063,290.84, down 17.4% from ¥3,085,799,149.86 in the first three quarters of 2024[19] - Operating profit for the first three quarters of 2025 was ¥3,377,956,565.12, a decline of 18.0% compared to ¥4,121,748,142.35 in the same period of 2024[18] - Earnings per share for the first three quarters of 2025 was ¥2.0445, compared to ¥2.4750 in the same period of 2024, indicating a decline in profitability[20] - Total comprehensive income for the first three quarters of 2025 was ¥2,549,387,804.60, down from ¥3,085,184,208.63 in 2024, reflecting overall performance decline[19] Cash Flow and Investments - The net cash flow from operating activities decreased by 59.33% to CNY 906,847,947.73 for the year-to-date period[10] - Cash flow from operating activities for the first three quarters of 2025 was ¥906,847,947.73, a significant decrease of 59.3% compared to ¥2,229,839,569.15 in 2024[21] - Cash inflow from investment activities in the first three quarters of 2025 was ¥2,683,995,993.02, significantly higher than ¥732,103,835.02 in 2024, indicating increased investment recovery[21] - Total cash outflow from investment activities amounted to approximately $3.20 billion, an increase from $2.16 billion in the previous period, resulting in a net cash flow from investment activities of -$519 million, improving from -$1.43 billion[22] - The company reported a net decrease in cash and cash equivalents of approximately $917 million, compared to a decrease of $425 million in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,478,248,371.13, an increase of 1.06% from the end of the previous year[5] - The company's current assets decreased to RMB 12.71 billion from RMB 13.93 billion, primarily due to a reduction in cash and cash equivalents[15][16] - Inventory increased to RMB 6.10 billion from RMB 5.57 billion, indicating a growth of approximately 9.6%[15][16] - Total liabilities decreased to RMB 7.97 billion from RMB 8.77 billion, reflecting a reduction of about 9.1%[17] - The company's equity attributable to shareholders rose to RMB 16.51 billion from RMB 15.45 billion, marking an increase of approximately 6.8%[17] - The total liabilities to equity ratio improved, indicating a stronger financial position for the company[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,323[12] - The company has not reported any significant changes in its major shareholders or their participation in financing activities[13][14] Government Support and R&D - The company received government subsidies amounting to CNY 1,638,413.18 during the reporting period[7] - Research and development expenses increased to ¥32,339,616.59 in 2025, up from ¥29,154,195.70 in 2024, reflecting a focus on innovation[18]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,560,975,394.82, representing a year-on-year increase of 15.90%[5] - The total profit for the quarter was ¥187,507,404.83, showing a significant increase of 522.29% compared to the same period last year[5] - The net profit attributable to shareholders was ¥168,059,595.41, reflecting a year-on-year growth of 449.15%[5] - The basic earnings per share for the quarter was ¥0.1561, an increase of 451.59% compared to the same period last year[6] - The company achieved operating revenue of RMB 3.91 billion for the period, an increase of 7.03% year-over-year, and net profit of RMB 275.89 million, a significant growth of 299.04% compared to the previous year[15] - Operating profit for the first three quarters of 2025 was CNY 302,268,429.29, significantly higher than CNY 63,274,104.50 in the previous year, marking a growth of 377.5%[22] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 275,893,852.59, compared to CNY 69,139,326.46 in the same period of 2024, reflecting an increase of 299.5%[23] - The basic earnings per share for the first three quarters of 2025 was CNY 0.2563, compared to CNY 0.0637 in the same period of 2024, indicating improved profitability per share[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,301,548,197.69, marking a 14.17% increase from the end of the previous year[6] - The company reported a total of 7,176.28 million RMB in current assets as of September 30, 2025, compared to 5,616.93 million RMB at the end of 2024, reflecting a substantial increase[17] - The company’s total number of common stock shareholders at the end of the reporting period was 157,164[14] - Total assets as of the end of the reporting period amounted to CNY 10,301,548,197.69, up from CNY 9,023,322,287.45, representing a growth of 14.2%[19] - Total liabilities increased to CNY 4,143,536,318.39 from CNY 3,090,882,960.51, reflecting a rise of 33.9%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥107,874,961.07, which decreased by 82.77% compared to the previous year[6] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 4,121,101,777.96, an increase of 4.3% compared to CNY 3,951,606,191.07 in the same period of 2024[25] - The net cash flow from operating activities decreased significantly to CNY 107,874,961.07, down 82.8% from CNY 626,009,582.51 in the previous year[25] - Cash inflow from investment activities totaled CNY 1,602,590,758.72, a substantial increase from CNY 633,247,189.94 in the prior year[26] - The net cash flow from investment activities was negative at CNY -715,185,249.61, an improvement from CNY -810,616,824.91 in the same period last year[26] - Cash inflow from financing activities was CNY 925,309,946.81, compared to CNY 825,000,000.00 in the previous year, reflecting a growth of 12.1%[26] - The net cash flow from financing activities improved to CNY 207,358,932.21, compared to a negative CNY -110,549,200.11 in the same period last year[26] - The ending balance of cash and cash equivalents decreased to CNY 657,128,584.09 from CNY 985,135,833.46 at the end of the previous year[26] - The company received CNY 164,626,425.68 in tax refunds, up 70.4% from CNY 96,639,269.85 in the same period last year[25] - The total cash outflow from operating activities was CNY 4,013,226,816.89, an increase of 20.6% compared to CNY 3,325,596,608.56 in the previous year[25] Investments and R&D - Research and development expenses increased to CNY 213,761,814.74 in the first three quarters of 2025, up from CNY 132,528,594.62 in the previous year, indicating a focus on innovation[22] - The company is actively pursuing market opportunities in emerging fields such as humanoid robots and low-altitude aircraft, with positive progress in product development[16] Inventory and Receivables - The company’s inventory stood at RMB 1.945 billion, an increase from RMB 1.401 billion in the previous year, indicating a growth in stock levels[17] - The company’s accounts receivable increased to RMB 1.733 billion from RMB 1.503 billion, showing a rise in credit sales[17] Government Support - The company received government subsidies amounting to ¥7,338,851.13 during the quarter, contributing to its financial performance[8] Accounting Standards - The company did not apply new accounting standards for the year 2025[27]