Financial Performance - The company's operating revenue for the third quarter was CNY 133,465,624.97, representing a year-on-year increase of 5.55%[4] - The total profit for the quarter was CNY 9,454,195.68, showing a significant decrease of 51.01% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 8,195,589.23, down 55.75% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 5,172,167.09, a decrease of 46.10% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.0312, reflecting a decline of 55.78% year-on-year[5] - The total profit for the current reporting period was negative RMB 51.01 million, with net profit attributable to shareholders also negative at RMB 55.75 million[10] - The total profit for the year-to-date was RMB 176.42 million, driven by the recovery of bad debt provisions and significant growth in construction business revenue[10] - Net profit for the first three quarters of 2025 was ¥31,435,679.29, up from ¥12,172,664.40 in 2024, reflecting a growth of approximately 158%[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 853,306,681.67, a decrease of 2.02% from the end of the previous year[5] - The company's total assets decreased from ¥870,920,562.88 in the previous year to ¥853,306,681.67, a decline of about 2%[19] - Total liabilities decreased from ¥382,792,395.18 to ¥333,742,834.68, representing a reduction of approximately 13%[19] - The company's cash and cash equivalents decreased from ¥61,110,222.74 to ¥38,176,812.98, a decline of about 38%[17] - Accounts receivable decreased from ¥232,954,069.69 to ¥221,803,588.21, a reduction of approximately 5%[17] - The company's inventory decreased from ¥168,550.79 to ¥130,701.58, a decline of about 22%[17] - The total equity attributable to shareholders increased from ¥468,915,809.98 to ¥500,008,606.20, reflecting a growth of approximately 7%[19] Cash Flow - The company reported a net cash flow from operating activities of CNY -17,965,112.79 for the year-to-date[4] - The net cash flow from operating activities was negative, reflecting a decrease compared to the same period last year due to increased business volume[10] - Cash inflow from operating activities totaled CNY 447,715,703.35, down from CNY 684,146,927.38 in the same period last year, reflecting a decrease of approximately 34.6%[26] - Net cash outflow from operating activities was CNY -17,965,112.79, compared to CNY -10,810,543.78 in the previous year[27] - Cash flow from investing activities resulted in a net outflow of CNY -367,976.35, compared to CNY -1,757,401.90 in the same period last year[28] - Cash flow from financing activities generated a net inflow of CNY 6,861,947.37, contrasting with a net outflow of CNY -673,032.57 in the previous year[28] - The ending cash and cash equivalents balance was CNY 45,791,230.27, down from CNY 57,723,911.21 year-over-year[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,277[13] - The top ten shareholders held a total of 46,949,044 shares, representing 17.88% of the total shares[13] Government Support and Other Income - The company received government subsidies amounting to CNY 241,246.42 during the quarter[7] - Other income for the current period amounted to RMB 1,780.40 million, mainly from office rent subsidies and corporate incentives[10] Research and Development - Research and development expenses for the current period were zero, resulting in a significant decrease compared to the previous year[10] Financial Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[29]

Financial Performance - The company's operating revenue for the third quarter was ¥124,209,348.42, representing a decrease of 3.70% compared to the same period last year[3] - The total profit for the quarter was -¥482,651.10, showing an increase of 97.50% year-on-year[3] - The net profit attributable to shareholders was -¥3,916,756.86, which is an improvement of 82.30% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,473,132.07, reflecting an 81.86% increase year-on-year[3] - The basic earnings per share for the quarter was -¥0.02, an improvement of 80.00% year-on-year[3] - The diluted earnings per share for the quarter was -¥0.01, showing a 90.00% increase compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 was CNY 317,372,962.86, a decrease of 15.25% compared to CNY 374,404,130.23 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 63,110,555.88, compared to a loss of CNY 19,480,585.38 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 67,581,075.68, worsening from a loss of CNY 27,376,056.92 in the previous year[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.29, compared to CNY -0.13 in the same period of 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,288,849,553.17, a decrease of 2.77% from the end of the previous year[4] - Total assets decreased to CNY 4,288,849,553.17 from CNY 4,410,979,235.61, a decline of 2.76%[17] - Total liabilities decreased to CNY 697,747,656.81 from CNY 1,246,321,736.56, a significant reduction of 44.1%[17] - The equity attributable to shareholders increased by 13.60% to ¥3,564,679,625.67 compared to the end of the previous year[4] - Total equity increased to CNY 3,591,101,896.36 from CNY 3,164,657,499.05, an increase of 13.5%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥104,816,747.12, a decrease of 12.10% compared to the previous year[3] - In the first three quarters of 2025, the net cash flow from operating activities was ¥104,816,747.12, a decrease of 12.1% compared to ¥119,239,558.98 in the same period of 2024[23] - The cash flow from operating activities totaled ¥412,501,001.69 in 2025, down 19.6% from ¥513,037,790.60 in 2024[23] - The company experienced a net increase in cash and cash equivalents of ¥4,790,723.99 in 2025, contrasting with a net decrease of -¥63,717,460.26 in 2024[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,237[11] - The top 10 shareholders hold a total of 142,000,000 shares, representing 51.92% of the total shares[11] - The largest shareholder, Sun Jisheng, holds 59,550,069 shares, accounting for 21.21% of the total shares[11] - The top 10 unrestricted shareholders include Sun Jisheng and Shanghai Hamou Business Consulting Co., Ltd., with significant holdings[11] Investment Activities - Total cash inflow from investment activities increased significantly to ¥578,247,578.03 in 2025, compared to ¥207,313,073.19 in 2024, marking an increase of 178.5%[24] - The net cash flow from investment activities was -¥38,025,549.18 in 2025, an improvement from -¥88,261,909.05 in 2024[24] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 20,436,778.62, down from CNY 24,934,834.97 in the same period of 2024, a decrease of 18.0%[19] Other Financial Information - The company reported non-recurring gains of ¥556,375.21 for the quarter, with significant contributions from government subsidies and other income[7] - Other comprehensive income after tax for the first three quarters of 2025 was a loss of CNY 823,211.79, compared to a loss of CNY 2,550,954.83 in the previous year[20] - The company has not adopted new accounting standards for the current year, indicating stability in financial reporting practices[25]

Financial Performance - The company's operating revenue for the third quarter was ¥112,881,202.53, a decrease of 77.51% compared to the same period last year[4] - The total profit for the period was -¥134,173,189.80, with a net profit attributable to shareholders of -¥118,947,280.92, reflecting significant losses[4] - Total operating revenue for the first three quarters of 2025 was CNY 402,616,782.38, a decrease of 70.1% compared to CNY 1,344,875,349.01 in the same period of 2024[19] - Net loss for the first three quarters of 2025 was CNY 368,469,727.15, compared to a net loss of CNY 222,347,110.11 in the same period of 2024, representing a 65.7% increase in losses[20] - The company reported a total comprehensive loss of CNY 368,671,350.95 for the first three quarters of 2025, compared to a loss of CNY 224,515,888.76 in the previous year[21] Research and Development - Research and development expenses amounted to ¥68,191,148.70, representing 60.41% of operating revenue, an increase of 41.24% compared to the previous year[5] - Research and development expenses for the first three quarters of 2025 were CNY 181,143,857.53, down 17.1% from CNY 218,640,834.92 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,516,005,907.28, a decrease of 5.39% from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥2,800,872,161.12, a decrease from ¥3,004,796,773.47 as of December 31, 2024[15] - The company's total liabilities amounted to CNY 3,614,904,539.87, slightly up from CNY 3,573,338,691.47 year-over-year[18] - Total liabilities decreased, with accounts payable at ¥629,806,524.89, down from ¥752,733,226.42[16] Shareholder Information - Shareholders' equity attributable to the company was ¥509,583,822.87, down 41.85% compared to the previous year[5] - The total equity attributable to shareholders decreased to CNY 509,583,822.87 from CNY 876,256,784.54, reflecting a decline of 41.8%[18] - Total number of common shareholders at the end of the reporting period is 20,354[12] - The largest shareholder, Zhang Yan, holds 48,649,024 shares, representing 18.62% of total shares[12] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥145,606,950.24, indicating cash outflows[5] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $890.1 million, a decrease of 17.4% compared to $1.08 billion in the same period of 2024[23] - Cash outflow from operating activities totaled approximately $1.04 billion, down 30.2% from $1.48 billion in the previous year[24] - Net cash flow from operating activities improved to -$145.6 million, a 64.1% reduction in losses compared to -$405.9 million in 2024[24] - Cash inflow from financing activities increased to approximately $1.19 billion, up from $704.8 million in the previous year[24] - Net cash flow from financing activities was positive at $118.8 million, a significant turnaround from -$354.8 million in the same period last year[24] Strategic Adjustments - The company has adjusted its strategic planning, focusing only on projects with financial guarantees, leading to a reduction in business scale[9] - The company experienced a significant reduction in revenue due to the suspension of military procurement, impacting its specialized business areas[10]

Financial Performance - The company's revenue for Q3 2025 reached ¥980.24 million, a year-on-year increase of 5.39%[5] - Total profit for the period was ¥234.69 million, reflecting a growth of 5.36% compared to the same period last year[5] - Net profit attributable to shareholders was ¥214.66 million, up 3.02% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥204.51 million, showing a significant increase of 11.25%[5] - Basic earnings per share for the period were ¥0.36, representing a 2.86% increase compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,047,039,079.24, a significant increase of 35.8% compared to ¥2,245,006,087.12 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was ¥818,339,617.30, representing a year-over-year growth of 61.3% from ¥507,265,199.52 in 2024[24] - Operating profit increased to ¥868,653,239.12, up 54.3% from ¥562,258,052.99 in the previous year[24] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.38, up from ¥0.85 in the same period of 2024[25] Cash Flow and Assets - The company reported a significant increase in net cash flow from operating activities, totaling ¥481.96 million, up 3.57% year-to-date[5] - Cash flow from operating activities generated a net amount of ¥481,960,456.57, compared to ¥465,340,293.85 in the same period last year[27] - Cash and cash equivalents increased to ¥2,064,233,725.12 from ¥902,777,760.68, representing a growth of 128.0%[22] - Cash and cash equivalents at the end of the period totaled ¥338,956,379.99, an increase from ¥272,242,587.07 at the end of the same period in 2024[27] - Total current assets reached ¥4,968,496,815.27, up from ¥3,790,858,209.05, reflecting a growth of 31.1%[22] - Accounts receivable rose to ¥529,627,542.60 from ¥213,714,496.82, an increase of 148.0%[22] - Total assets of the company at the end of the reporting period were ¥12.14 billion, a slight increase of 0.83% from the end of the previous year[5] Liabilities and Equity - Total liabilities decreased to ¥860,365,215.93 from ¥988,445,729.70, a reduction of 12.9%[23] - Total equity attributable to shareholders increased to ¥11,282,392,471.03 from ¥11,054,470,662.18, a rise of 2.1%[23] Sales Performance - Domestic sales revenue for insulin preparations reached ¥2.69 billion, an increase of ¥822 million, with a growth rate of 44.01%[13] - International sales revenue amounted to ¥353 million, up ¥110 million, reflecting a growth of 45.52%[15] Investments and Agreements - The company signed a 10-year supply framework agreement with Brazilian partners, with a total order value expected to exceed ¥3 billion[15] - The company’s long-term investments in non-current financial assets rose to ¥72,190,190.44 from ¥11,713,152.96, an increase of 516.5%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 94,714[19] - The number of shares held by the largest shareholder, Gan Zhongru, is 205,643,757, representing 34.42% of total shares[19] - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[20] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥407,861,819.05, slightly up from ¥403,442,931.89 in 2024, indicating continued investment in innovation[24] Operating Costs - The total operating costs for the first three quarters of 2025 were ¥2,275,937,092.07, an increase of 18.5% from ¥1,921,772,067.24 in 2024[24] Comprehensive Income - The company reported a total comprehensive income of ¥817,932,852.54 for the first three quarters of 2025, compared to ¥506,399,943.50 in 2024[25]

Financial Performance - The company's operating revenue for the third quarter was ¥1,665,924,686.17, a decrease of 38.05% compared to the same period last year[4]. - Total profit for the quarter was ¥674,091,656.63, reflecting an increase of 8.36% year-on-year[4]. - Net profit attributable to shareholders was ¥634,045,914.42, down by 1.99% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.14, a decrease of 1.82% year-on-year[4]. - The weighted average return on net assets was 1.48%, a decrease of 0.14 percentage points compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 6,777,235,254.05, a decrease of 19.3% compared to CNY 8,399,867,467.16 in the same period of 2024[23]. - Total operating costs for the first three quarters of 2025 were CNY 6,961,338,722.30, down from CNY 8,233,971,178.24 in 2024, reflecting a reduction of 15.5%[23]. - Operating profit for the first three quarters of 2025 was CNY 2,486,228,972.57, compared to CNY 2,617,014,001.36 in 2024, indicating a decline of 5.0%[23]. - The total profit for the period was approximately 2.48 billion RMB, a decrease from 2.60 billion RMB in the previous period, representing a decline of about 4.7%[24]. - Net profit attributable to shareholders of the parent company was approximately 2.35 billion RMB, down from 2.51 billion RMB, reflecting a decrease of around 7.1%[24]. - Basic and diluted earnings per share were both 0.51 RMB, compared to 0.54 RMB in the previous period, indicating a decline of approximately 5.6%[25]. - The company reported a total comprehensive income of approximately 3.54 billion RMB, down from 4.33 billion RMB, reflecting a decrease of about 18.2%[24]. Assets and Liabilities - Total assets at the end of the period amounted to ¥73,402,207,433.10, an increase of 2.82% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, included cash and cash equivalents of CNY 12,555,696,481.16, an increase from CNY 7,737,191,648.38 at the end of 2024[19]. - The company's inventory stood at CNY 9,156,124,643.11, down from CNY 9,854,140,895.17 at the end of 2024[19]. - Long-term equity investments increased to CNY 26,555,876,542.36 in 2025 from CNY 25,829,921,701.12 in 2024, representing a growth of 2.8%[20]. - Total assets amounted to CNY 73,402,207,433.10 in 2025, up from CNY 71,389,352,770.85 in 2024, showing an increase of 2.8%[21]. - Current liabilities decreased to CNY 18,369,962,650.55 in 2025 from CNY 24,383,311,782.74 in 2024, a reduction of 24.7%[21]. - Non-current liabilities rose to CNY 12,013,788,168.58 in 2025, compared to CNY 5,566,667,042.69 in 2024, reflecting an increase of 115.0%[21]. - The company's cash and cash equivalents increased to CNY 24,389,416,907.02 in 2025 from CNY 19,836,408,734.70 in 2024, a growth of 22.8%[20]. Revenue Segmentation - The fashion segment generated operating revenue of CNY 503,749.91 million, a year-on-year increase of 9.86%, with the main apparel business contributing CNY 442,708.20 million, up 15.75%[13]. - The real estate segment had no new projects launched, achieving pre-sales of CNY 75,059.29 million and recognizing revenue of CNY 173,175.41 million, down 70.58% and 54.41% year-on-year respectively[17]. - The investment business reported a net profit of CNY 202,413.77 million, reflecting a year-on-year growth of 3.87%[17]. Shareholder Information - The company had a total of 85,396 common shareholders at the end of the reporting period[8]. - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,798,681,413 shares, representing 38.90% of the total shares[9]. Cash Flow - Cash flow from operating activities generated a net amount of approximately 668 million RMB, down from 697 million RMB, a decrease of about 4.2%[26]. - Cash inflow from investment activities totaled approximately 11.17 billion RMB, significantly up from 3.81 billion RMB, marking an increase of around 194.5%[27]. - Cash flow from financing activities resulted in a net outflow of approximately 1.47 billion RMB, an improvement compared to a net outflow of 7.58 billion RMB in the previous period[27]. - The ending balance of cash and cash equivalents was approximately 12.54 billion RMB, an increase from 7.96 billion RMB, reflecting a growth of about 57.5%[27]. - The company received approximately 6.72 billion RMB from investment recoveries, a significant increase from 1.66 billion RMB, representing an increase of about 303.5%[27]. Strategic Initiatives - The company continues to implement a "large store strategy" to enhance its market presence and operational efficiency[14]. - The company opened 140 new self-operated stores and closed 115, resulting in a net increase of 25 stores, with a total of 1,896 self-operated stores and an operating area of 540,000 square meters[14][16]. - The company's self-operated online sales channel generated revenue of CNY 59,972.45 million, up 26.05% year-on-year[14]. Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥73,862,569.72 for the quarter[6]. - Other comprehensive income after tax attributable to the parent company was approximately 1.20 billion RMB, down from 1.82 billion RMB, indicating a decrease of around 34.3%[24].

Financial Performance - The company's operating revenue for Q3 2025 was ¥380,060,049.37, representing a year-on-year increase of 22.58%[2] - The total profit for the period was a loss of ¥8,987,702.43, with a cumulative loss of ¥42,695,145.12 for the year-to-date[2] - The net profit attributable to shareholders was a loss of ¥976,730.15 for the quarter, with a year-to-date loss of ¥15,169,003.97[2] - Total operating revenue for the first three quarters of 2025 reached ¥976,942,418.55, an increase of 14.8% compared to ¥851,091,088.77 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was reported at -¥42,678,824.60, slightly worse than -¥42,530,492.10 in the previous year[18][19] - Net loss for the first three quarters of 2025 was -¥15,220,257.84, compared to -¥13,667,701.04 in the same period of 2024, indicating a deterioration in profitability[19] - Basic earnings per share for the first three quarters of 2025 were -¥0.0788, compared to -¥0.0713 in the previous year[20] - The company’s total profit for the first three quarters of 2025 was a loss of ¥52,345,340.92, an improvement from a loss of ¥84,409,509.01 in the same period of 2024[27] Research and Development - Research and development expenses totaled ¥77,711,486.90, accounting for 20.45% of operating revenue, a decrease of 4.62 percentage points year-on-year[3] - Research and development expenses for the first three quarters of 2025 were ¥172,805,518.31, slightly up from ¥169,584,854.38 in the same period of 2024[18] - Research and development expenses decreased to ¥123,038,023.74 in 2025 from ¥149,609,979.22 in 2024, reflecting a 17.8% reduction[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,848,054,403.44, an increase of 6.42% compared to the end of the previous year[3] - The company's total current assets amounted to RMB 2.364 billion, an increase from RMB 2.255 billion at the end of 2024[15] - The total assets as of September 30, 2025, were ¥3,689,587,031.81, an increase from ¥3,478,836,299.19 at the end of 2024, showing a growth of 6.0%[25] - Total liabilities increased to ¥1,977,210,429.83 from ¥1,680,729,482.24, reflecting a growth of 17.7% year-over-year[18] - The total liabilities as of September 30, 2025, were ¥1,996,835,279.22, compared to ¥1,693,756,940.00 at the end of 2024, representing an increase of 17.9%[26] - Total equity decreased to ¥1,870,843,973.61 from ¥1,935,114,641.22, a decline of 3.3% compared to the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥31,296,814.47, indicating an increase in sales collections[8] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥1,425,765,372.93, a 34.1% increase compared to ¥1,063,153,027.20 in the same period of 2024[21] - The net cash flow from operating activities was ¥31,296,814.47, a significant recovery from a net outflow of ¥143,084,422.87 in the previous year[21] - Operating cash flow for the first three quarters of 2025 was ¥57,453,239.36, a significant recovery from a negative cash flow of ¥83,713,102.04 in the same period of 2024[30] - The net cash flow from investing activities was -¥175,120,621.95, worsening from -¥102,027,875.80 in the same period last year[22] - The net cash flow from financing activities was -¥101,811,867.67, a decline from a positive cash flow of ¥199,858,989.23 in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,090[10] - The company reported a significant increase in long-term equity investments to RMB 38.18 million from RMB 8.85 million at the end of 2024[15] Inventory and Receivables - Accounts receivable decreased to RMB 462.20 million from RMB 623.60 million at the end of 2024[14] - Inventory increased significantly to RMB 1.290 billion from RMB 883.81 million at the end of 2024[14] - The company's inventory increased to ¥1,145,097,478.29, compared to ¥786,300,877.31 at the end of 2024, reflecting a rise of 45.7%[25] Strategic Focus - The company is focusing on platform strategy and expanding into AI-based AOI detection, PCB, semiconductor, and embodied intelligence sectors[13] - The company aims to enhance its operational efficiency through a positive lean management system[13]

Financial Performance - The company's operating revenue for Q3 2025 was ¥225,075,360.01, representing an 18.02% increase compared to ¥199,156,246.46 in the same period last year[3]. - Total profit for the quarter was ¥90,300,847.85, a decrease of 2.28% from ¥92,956,877.85 year-over-year[3]. - Net profit attributable to shareholders was ¥61,707,925.29, down 14.36% from ¥72,686,296.61 in the previous year[3]. - The basic earnings per share decreased by 14.55% to ¥0.047 from ¥0.055 in the same quarter last year[4]. - Total operating revenue for the first three quarters of 2025 reached ¥468,869,176.40, an increase of 12.99% compared to ¥414,912,542.93 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was ¥164,036,034.97, an increase of 6.67% compared to ¥153,405,260.87 in the previous year[21]. - The company reported a total profit of ¥163.17 million for the first three quarters of 2025, compared to ¥178.49 million in 2024, representing a decrease of 8.5%[32]. - The company’s total comprehensive income for the first three quarters of 2025 was ¥133.58 million, down from ¥151.89 million in 2024, reflecting a decrease of 12.0%[33]. Cash Flow - The net cash flow from operating activities showed a significant decline of 162.81%, resulting in a negative cash flow of ¥121,960,403.47[4]. - The net cash flow from operating activities for the first three quarters of 2025 was -121,960,403.47 RMB, a significant decline compared to 194,170,828.73 RMB in the same period of 2024[24]. - The company’s cash outflow for operating activities totaled 711,144,471.01 RMB in 2025, compared to 299,841,482.60 RMB in 2024[24]. - The net cash flow from investment activities was -333,562,839.89 RMB for the first three quarters of 2025, compared to 274,727,291.43 RMB in 2024[25]. - The company reported a cash outflow of 1,057,302,024.67 RMB from investment activities in the first three quarters of 2025, significantly higher than 551,478,996.86 RMB in 2024[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,479,374,189.58, reflecting a decrease of 1.72% compared to the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥2,364,736,877.52, a slight decrease from ¥2,416,059,148.81 at the end of 2024[15]. - Total liabilities decreased to ¥531,399,720.37 from ¥696,842,247.38, indicating a reduction of 23.73%[17]. - The total liabilities increased to 224,237,007.22 RMB in 2025 from 195,002,985.02 RMB in 2024[28]. - The total equity of the company as of September 30, 2025, was 4,305,489,529.25 RMB, compared to 4,264,599,014.68 RMB at the end of 2024[29]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,871[11]. - The largest shareholder, Heilongjiang Highway Group Co., Ltd., holds 440,482,178 shares, accounting for 33.47% of total shares[12]. - The second largest shareholder, China Merchants Highway Network Technology Holdings Co., Ltd., holds 217,396,393 shares, representing 16.52%[12]. - The company has no significant changes in the top 10 shareholders due to transfer or lending of shares[13]. - The company does not have any related party transactions among the top shareholders[12]. Research and Development - Research and development expenses increased significantly to ¥5,848,484.06, compared to ¥2,110,690.05 in the previous year, reflecting a growth of 176.67%[20]. - Research and development expenses increased significantly to ¥1.88 million in 2025 from ¥0.44 million in 2024, marking a 323.5% rise[32]. Financial Adjustments - The company is undergoing adjustments in its financial reporting due to the acquisition of a subsidiary, impacting comparative financial data[5].

Financial Performance - The company's operating revenue for the third quarter was ¥73,616,485.10, an increase of 16.20% compared to the same period last year[3] - The total profit for the third quarter was -¥20,934,214.03, with a year-to-date total profit of -¥50,612,622.58[3] - The net profit attributable to shareholders for the third quarter was -¥16,402,645.06, and the year-to-date net profit was -¥40,315,891.33[3] - Total operating revenue for the first three quarters of 2025 reached ¥184,921,572.80, an increase of 13.1% compared to ¥163,483,319.65 in the same period of 2024[17] - Net loss for the first three quarters of 2025 was ¥40,149,370.62, compared to a net loss of ¥11,011,109.30 in the same period of 2024, representing a significant increase in losses[18] - The company's operating profit for the first three quarters of 2025 was -¥50,241,269.26, worsening from -¥17,074,523.75 in the first three quarters of 2024[17] - The total comprehensive loss for the first three quarters of 2025 was -¥40,149,370.62, compared to -¥11,011,109.30 in the same period of 2024, indicating a worsening financial position[18] Research and Development - Research and development expenses totaled ¥13,112,046.93 for the quarter, representing 17.81% of operating revenue, an increase of 0.34 percentage points year-on-year[4] - Research and development expenses increased to ¥35,082,805.83 in the first three quarters of 2025, compared to ¥29,023,590.23 in the same period of 2024, reflecting a 20.9% increase[17] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,336,222,375.36, a decrease of 3.28% from the end of the previous year[4] - The total current assets decreased to 1.26 billion RMB from 1.30 billion RMB as of December 31, 2024[14] - The company's accounts receivable stood at 225.73 million RMB, slightly down from 238.48 million RMB[13] - The inventory increased to 246.42 million RMB compared to 224.52 million RMB at the end of 2024[13] - The total assets decreased to 1.34 billion RMB from 1.38 billion RMB as of December 31, 2024[14] - The company's long-term equity investments decreased to 1.17 million RMB from 1.82 million RMB[14] - The company's accounts payable increased to 84.35 million RMB from 81.77 million RMB[14] - The company reported a decrease in total non-current assets to 79.29 million RMB from 81.63 million RMB[14] - The total liabilities decreased to ¥267,331,648.95 in the latest reporting period from ¥275,760,972.72 in the previous year[15] - The total equity attributable to shareholders decreased to ¥1,063,702,995.68 from ¥1,100,787,802.55 year-over-year[15] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥47,036,843.25, reflecting a significant decline of 128.79%[3] - Cash received from sales of goods and services was ¥224,480,049.81 in the first three quarters of 2025, compared to ¥212,021,789.64 in the same period of 2024, indicating a growth in cash flow from operations[21] - Net cash flow from operating activities was -47,036,843.25, a significant decrease compared to 163,401,124.64 in the previous period[22] - Total cash inflow from investment activities was 1,614,489,632.02, while cash outflow was 1,745,495,575.37, resulting in a net cash flow of -131,005,943.35[22] - Cash inflow from financing activities totaled 50,784,361.11, while cash outflow was 151,295,739.19, leading to a net cash flow of -4,680,993.21[23] - The ending balance of cash and cash equivalents was 196,835,355.20, down from 379,559,135.01 at the beginning of the period[23] - Cash received from other operating activities amounted to 31,536,881.64, compared to 227,803,481.17 in the previous period[22] - Cash paid for purchasing goods and services was 159,243,844.01, an increase from 142,392,250.45 in the previous period[22] - Cash received from investment activities related to other sources was 1,614,265,968.56, compared to 1,953,331,788.19 previously[22] - Cash paid for other investment activities was 1,744,800,000.00, down from 2,016,860,000.00 in the previous period[22] - Cash received from tax refunds was 607,021.38, compared to 2,144,952.57 in the previous period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,182[10] Equipment Returns - The company expects to incur a total of 131 equipment returns, impacting revenue by -14.2743 million RMB and net profit by -6.6424 million RMB[12] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

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。 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。 苏州可川电子科技股份有限公司 2025 年第三季度报告 证券代码：603052 证券简称：可川科技 苏州可川电子科技股份有限公司 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 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 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 比上年同期增减 | | | | | | 变动幅度(%) | | | | 动幅度(%) | | | | 营业收入 | 246,112,460.56 | 12.78 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,064,800,116.53, representing a year-on-year increase of 37.89%[3] - Total profit for the quarter was ¥1,252,083,470.50, up 71.89% compared to the same period last year[3] - Net profit attributable to shareholders was ¥995,056,985.19, reflecting a 65.88% increase year-on-year[3] - The basic earnings per share for the quarter was ¥0.20, an increase of 81.82% from the previous year[4] - Net profit for the first three quarters of 2025 reached CNY 2.71 billion, up from CNY 2.01 billion in the same period of 2024, reflecting a year-over-year increase of about 34.7%[20] - Operating income for the first three quarters of 2025 was CNY 8.19 billion, compared to CNY 6.41 billion in the previous year, indicating a growth of approximately 28%[19] - The net income for the first three quarters of 2025 was ¥2,127,114,233.41, representing an increase of 30.4% from ¥1,631,801,905.20 in the previous year[28] - The total profit amounted to ¥2,542,011,599.72, compared to ¥1,779,940,361.61 in 2024, marking a growth of 43%[28] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥305,436,284,297.85, a 4.26% increase from the end of the previous year[4] - The company's total liabilities as of September 30, 2025, were CNY 237.26 billion, compared to CNY 223.74 billion at the end of 2024, showing an increase of approximately 6%[16] - The company's total liabilities for bonds payable increased by 33.86% to CNY 47,032,887,665.85, indicating an expansion in corporate bond issuance[9] - The company's total liabilities of the company as of September 30, 2025, were CNY 182,458,474,797.38, a slight decrease from CNY 187,366,162,238.58 at the end of 2024, indicating a reduction of about 2.4%[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥10,263,367,471.54, showing a significant decrease of 70.72%[3] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 10,263,367,471.54, a significant decrease from CNY 35,048,596,109.77 in the same period of 2024[23] - The net cash flow from investing activities was negative at CNY -1,866,133,178.76, mainly due to increased cash recovery from other debt investments[9] - The net cash flow from financing activities increased by 128.20% to CNY 6,187,818,044.32, attributed to higher bond issuance and reduced debt repayments[9] - The net cash flow from financing activities for the first three quarters of 2025 was CNY 6,187,818,044.32, a significant recovery from CNY -21,940,480,694.27 in the same period of 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 180,487[11] - The largest shareholder, China Everbright Group Co., Ltd., holds 25.15% of shares, totaling 1,159,456,183 shares[11] - The second-largest shareholder, China Everbright Holdings Co., Ltd., owns 20.73% with 956,017,000 shares[11] Income and Expenses - Total net income from commission and fees increased by 35.74% to CNY 4,175,546,257.11, driven by higher trading volumes in equity funds[9] - The company reported a significant increase in commission income, with net commission and fee income reaching CNY 4.18 billion, up from CNY 3.08 billion in the previous year, representing a growth of about 36%[20] - The company reported a 42.52% increase in employee compensation liabilities, amounting to CNY 3,704,416,022.62[9] Investment Performance - Investment income surged by 231.85% to CNY 1,898,298,570.01, primarily from the disposal of trading financial assets[9] - The company's investment income for the first three quarters of 2025 was CNY 1.90 billion, compared to CNY 0.57 billion in the same period of 2024, indicating a substantial increase of approximately 231%[20] Comprehensive Income - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 was CNY 2,221,019,757.77, an increase from CNY 2,033,511,508.21 in the same period of 2024, representing a growth of approximately 9.2%[22] - The company reported a total comprehensive income of ¥1,700,035,257.29 for the first three quarters of 2025, slightly up from ¥1,680,320,153.12 in 2024[30]