广电运通集团股份有限公司 2025 年第三季度报告 2.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)声明：保证季度报告中财务信 息的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 证券代码：002152 证券简称：广电运通 公告编号：定 2025-03 广电运通集团股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或 重大遗漏，并承担个别和连带的法律责任。 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 2,631,293,136.24 | 9.13% | 7,906,393,782.05 | 11.08% | | ...

Financial Performance - Q3 2025 revenue was CNY 6,673,726,997.48, a decrease of 9.80% year-over-year[5] - Net profit attributable to shareholders was CNY 3,099,486,836.34, down 13.07% compared to the same period last year[5] - Basic earnings per share decreased by 13.58% to CNY 2.10[5] - Total operating revenue for the period was CNY 23,127,459,902.13, a decrease of 4.83% from CNY 24,303,555,187.30 in the previous period[19] - The company's net profit attributable to shareholders increased to CNY 41,344,582,305.41, compared to CNY 39,340,298,309.42 in the previous period, indicating a growth of 5.1%[18] - The net profit for the current period is approximately ¥10.79 billion, a decrease of 7% compared to ¥11.61 billion in the previous period[20] - The total comprehensive income attributable to the parent company is approximately ¥10.80 billion, down from ¥11.58 billion, reflecting a decline of about 6.7%[21] - The company reported a total profit of approximately ¥14.59 billion, down from ¥15.68 billion, reflecting a decrease of about 6.9%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 65,496,029,532.83, a decline of 4.15% from the previous year[5] - The company’s total assets decreased to CNY 65,496,029,532.83 from CNY 68,334,595,564.58, a reduction of 4.06%[18] - Non-current liabilities decreased significantly from CNY 6,549,476,960.84 to CNY 2,468,661,496.83, a drop of 62.3%[17] - The company’s total liabilities decreased to CNY 15,671,024,043.27 from CNY 20,826,588,928.87, a decrease of 24.5%[17] Cash Flow - Cash flow from operating activities decreased by 21.20% to CNY 9,822,590,732.99[5] - Cash flow from operating activities generated a net amount of approximately ¥9.82 billion, a decrease of 21% from ¥12.46 billion in the previous period[21] - The net cash flow from investing activities increased by CNY 848,581,109.87 compared to the previous year[10] - The net cash flow from investing activities is approximately -¥90.61 million, an improvement from -¥939.20 million in the previous period[22] - The net cash flow from financing activities is approximately -¥11.69 billion, compared to -¥7.27 billion in the previous period, indicating a worsening of cash outflow[22] - The total cash and cash equivalents at the end of the period stand at approximately ¥31.40 billion, an increase from ¥30.15 billion in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 161,212[12] - Luzhou Laojiao Group holds 26.05% of shares, totaling 383,433,639 shares[12] - Luzhou City Xinglu Investment Group holds 24.86% of shares, totaling 365,971,142 shares[12] - As of the end of the reporting period, Luzhou Laojiao Group and its subsidiary hold a combined total of 384,573,839 shares, representing 26.13% of the total share capital[13] - The top ten shareholders include various entities, with the largest being state-owned companies[12] - There are no changes in the participation of the top ten shareholders in margin trading activities[13] - The company has not disclosed any related party transactions among the remaining shareholders[13] Operational Highlights - The company reported a 58.11% decrease in trading financial assets, amounting to CNY 984,561,704.91[8] - The balance of other current assets decreased by 85.80%, totaling CNY 206,848,338.13[8] - Investment income increased by 35.19%, primarily due to higher profits from the invested unit Huaxi Securities[10] - Other income rose by 41.75% to CNY 11,484,687.14, attributed to increased government subsidies[10] - Total operating costs amounted to CNY 8,624,016,188.94, down from CNY 8,716,343,501.20, reflecting a cost reduction strategy[19] - Cash and cash equivalents decreased to CNY 31,744,503,028.23 from CNY 33,578,396,831.33, a decline of 5.46%[16] - Inventory levels rose to CNY 13,747,352,903.12, up from CNY 13,392,794,475.96, indicating a 2.65% increase[16] - Research and development expenses were CNY 127,236,495.49, slightly down from CNY 142,651,488.12, indicating a focus on cost management[19] Project Developments - The company is investing approximately 478.25 million RMB in the intelligent brewing technology renovation project (Phase I)[15] - The first phase of the intelligent brewing technology renovation project is currently under construction[15]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,287,599,282.86, representing a 5.01% increase year-over-year[5] - Net profit attributable to shareholders decreased by 25.64% to ¥84,135,651.43 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses increased by 7.76% to ¥78,189,267.95[5] - The company reported a basic earnings per share of ¥0.07, down 22.22% from the previous year[5] - Total operating revenue for the period reached ¥3,922,709,366.04, an increase from ¥3,858,211,534.78 in the previous period, reflecting a growth of approximately 1.67%[26] - The company's net profit margin improved, with net profit attributable to shareholders increasing to ¥4,734,556,936.75 from ¥4,468,409,241.36, representing a growth of approximately 5.96%[25] - The net profit for the current period is CNY 360,252,018.99, an increase from CNY 307,759,997.51 in the previous period, representing a growth of approximately 17%[27] - The total profit for the current period is CNY 434,810,968.73, compared to CNY 385,056,800.16 in the previous period, indicating an increase of about 13%[27] - The operating profit for the current period is CNY 435,706,848.84, up from CNY 383,633,544.49, reflecting a growth of around 14%[27] - The total comprehensive income for the current period is CNY 400,987,032.02, compared to CNY 296,934,756.14 in the previous period, marking an increase of approximately 35%[27] - The basic and diluted earnings per share for the current period are both CNY 0.32, up from CNY 0.30 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,106,158,077.09, a 6.68% increase from the end of the previous year[5] - Current assets totaled ¥4,313,556,790.11, up from ¥3,778,271,166.02, marking an increase of about 14.16%[23] - Non-current assets increased to ¥8,792,601,286.98 from ¥8,507,516,922.73, reflecting a growth of approximately 3.35%[24] - Total liabilities rose to ¥4,397,743,703.79 from ¥3,858,992,750.77, indicating an increase of about 13.96%[25] - The company's cash and cash equivalents decreased slightly to ¥875,507,636.63 from ¥889,388,507.75, a decline of approximately 1.0%[23] - The cash and cash equivalents at the end of the period amount to CNY 811,104,642.08, compared to CNY 899,762,155.39 at the end of the previous period[31] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥326,150,987.29, a decrease of 7.71%[5] - The cash flow from operating activities for the current period is CNY 326,150,987.29, a decrease from CNY 353,409,624.07 in the previous period[30] - The cash flow from investing activities shows a net outflow of CNY 344,369,481.85, compared to a net outflow of CNY 368,697,671.99 in the previous period[30] - The cash flow from financing activities has a net inflow of CNY 53,987,074.19, down from CNY 344,642,647.40 in the previous period[31] - The company received CNY 3,864,821,449.72 in cash from sales of goods and services, slightly up from CNY 3,840,344,662.08 in the previous period[29] Investments and Projects - The company experienced a 52.73% increase in construction in progress, totaling ¥1,232,730,128.75, due to investments in new projects[10] - Financial expenses decreased by 31.04% to ¥34,375,911.44, attributed to increased exchange gains and reduced interest expenses[12] - The company reported a significant decrease in investment income, with a loss of ¥22,725,516.58, compared to a loss of ¥6,930,848.09 in the previous year[12] - The company plans to continue focusing on the development of innovative and self-researched drugs to drive revenue growth[5] - The company is actively expanding its product pipeline with multiple drug registrations and approvals in progress[17][18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,624[14] - The largest shareholder, Cheng Xianfeng, holds 40.82% of shares, totaling 496,526,307 shares, with 372,394,730 shares pledged[14] - The 2022 employee stock ownership plan holds 6.7754 million shares, representing 0.56% of the total share capital[20] - The company has not identified any related party relationships among shareholders other than those disclosed[15] Regulatory and Clinical Developments - The subsidiary Suzhou Yifan Pharmaceutical Co., Ltd. received a registration notice for the oral drug Benzylbutyric Acid Glycerol Ester on July 16, 2025[17] - The company completed the Ib phase clinical trial for the drug Duanjin Detoxification Capsule, targeting opioid addiction, achieving expected results[17] - The company received a registration approval for Oxytocin Injection in Tajikistan on August 26, 2025[18] Management and Strategy - The company has appointed new senior management and completed the board restructuring, which may impact future strategic directions[22] - The company signed a maximum guarantee contract with multiple banks to support its subsidiaries' financing needs[16]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,493,504,410.43, representing a year-on-year increase of 0.15%[5] - Net profit attributable to shareholders for the same period was CNY 118,813,084.14, up 11.23% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 108,797,656.49, an increase of 12.11% compared to the previous year[5] - Total operating revenue for the current period reached ¥4,414,908,818.66, an increase of 1.06% compared to ¥4,368,203,212.68 in the previous period[23] - The company's operating profit for the current period is approximately ¥477.05 million, compared to ¥334.83 million in the previous period, representing a growth of 42.5%[24] - The net profit attributable to shareholders of the parent company is approximately ¥414.96 million, an increase from ¥296.46 million, reflecting a growth of 40%[24] - The total comprehensive income for the current period is approximately ¥363.75 million, compared to ¥276.18 million in the previous period, indicating a growth of 31.7%[24] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 7,603,196,631.81, reflecting a growth of 3.44% from the end of the previous year[5] - Total assets increased to ¥7,603,196,631.81, up from ¥7,350,456,581.60, showing growth in the asset base[21] - Total liabilities rose to ¥3,675,061,157.22, compared to ¥3,430,503,189.92, indicating increased leverage[21] - Long-term borrowings increased by 96.38% to CNY 772,439,320.83, indicating a strategy to leverage for growth[10] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 726,806,482.27, which is a 44.15% increase compared to the same period last year[5] - Cash flow from operating activities generated a net amount of approximately ¥726.81 million, up from ¥504.21 million, marking a growth of 44%[25] - The company reported cash inflow from investment activities of approximately ¥2.73 billion, compared to ¥1.62 billion in the previous period, showing an increase of 68.6%[25] - The net cash flow from financing activities was negative at approximately -¥23.69 million, an improvement from -¥575.99 million in the previous period[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,080[12] - The top three shareholders hold the following percentages: Gao Limin 17.31% (201,187,500 shares), Gao Wangwei 10.67% (124,011,645 shares), and Gao Yu 6.18% (71,787,500 shares)[12] - The company has repurchased a total of 34,895,872 shares, accounting for 3.00% of the total share capital, with a total transaction amount of approximately RMB 153.99 million[15] - The share repurchase plan allows for a total repurchase amount between RMB 150 million and RMB 300 million, with a maximum price of RMB 6 per share[15] - The total number of shares held by the top ten unrestricted shareholders is 353,000,000 shares[13] Incentive Plans - The company approved a restricted stock incentive plan, granting a total of 12.01 million shares to 60 incentive targets[17] - The company plans to implement an employee stock ownership plan as part of its incentive strategy[16] - The highest transaction price for repurchased shares was RMB 5.10 per share, while the lowest was RMB 3.86 per share[15] - The company has not received any objections regarding the list of proposed incentive targets during the public notice period[16] Research and Development - Research and development expenses increased to ¥137,008,568.28, up from ¥117,666,743.28, reflecting a focus on innovation[23] - The company has plans for market expansion and new product development, as indicated by the increase in R&D expenses and focus on innovation[23] Earnings Per Share - Basic earnings per share for Q3 2025 remained at CNY 0.10, with a year-to-date increase of 38.46% to CNY 0.36[5] - The basic and diluted earnings per share for the current period are both ¥0.36, an increase from ¥0.26 in the previous period, representing a growth of 38.5%[24]

Financial Performance - The company's operating revenue for the third quarter was CNY 214,151,905.76, an increase of 14.34% compared to the same period last year[3]. - The total profit for the third quarter was a loss of CNY 19,025,466.30, with a year-to-date total profit loss of CNY 110,438,125.17[3]. - The net profit attributable to shareholders for the third quarter was a loss of CNY 15,995,006.25, with a year-to-date loss of CNY 88,802,442.98[3]. - The basic earnings per share for the third quarter was -CNY 0.0157, showing a significant reduction in losses compared to -CNY 0.0874 for the same period last year[4]. - The company experienced an 82.76% increase in total profit for the third quarter compared to the previous year[7]. - Total operating revenue for the first three quarters of 2025 reached ¥687,593,312.78, an increase of 17.2% compared to ¥586,854,229.49 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was -¥110,740,440.62, an improvement from -¥253,670,979.69 in the same period of 2024[18]. - Basic and diluted earnings per share improved to -¥0.0874 from -¥0.1953 year-over-year[19]. - The company reported a total comprehensive loss of -¥111,253,445.84 for the first three quarters of 2025, compared to -¥255,775,175.86 in the same period of 2024[19]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 24,178,244.76, a 149.59% increase compared to the previous year[3]. - The company reported cash and cash equivalents of ¥131,308,856.83, up from ¥11,150,246.93 in the previous year[13]. - Cash inflow from operating activities increased to ¥813,588,384.00, up from ¥719,634,378.83 in the previous year, marking a growth of 13.0%[20]. - The company reported a total cash inflow from operating activities of $789.41 million, slightly up from $768.39 million in the previous period[21]. - The company's cash and cash equivalents increased by $12.60 million, compared to a decrease of $1.40 million in the prior period, resulting in an ending balance of $23.75 million[21]. - The impact of exchange rate changes on cash and cash equivalents was $7,173.13, showing minimal fluctuation[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,310,093,194.36, reflecting a 2.89% increase from the end of the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥244,621,842.45, an increase from ¥133,234,366.92 in the previous year[13]. - Total current liabilities rose to ¥972,364,718.62 from ¥832,335,122.03 in the previous year[14]. - Total liabilities rose to ¥1,040,124,867.97 from ¥892,116,942.47, an increase of 16.6%[15]. - Total equity attributable to shareholders decreased to ¥139,718,999.16 from ¥229,034,447.36, a decline of 39.0%[15]. Shareholder Information - The largest shareholder, Inner Mongolia Jinruihong Enterprise Management Co., Ltd., holds 152,500,000 shares, representing 15.00% of total shares[10]. - Jiangsu Danhua Group holds 67,550,050 shares, accounting for 6.65% of total shares[10]. - The company has no significant changes in the top 10 shareholders due to securities lending or borrowing activities[11]. - The company has no significant related party transactions among the top shareholders[11]. Operational Strategy - The company plans to continue focusing on improving operational efficiency and reducing costs to enhance profitability in the future[2]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. Research and Development - Research and development expenses significantly decreased to ¥242,721.08 from ¥1,689,419.59, a reduction of 85.6%[18]. Cash Flow from Investing and Financing Activities - Total cash outflow from investing activities amounted to $73.48 million, up from $12.61 million in the prior period, resulting in a net cash flow from investing activities of -$67.51 million[21]. - Cash paid for debt repayment was $97.19 million, compared to $148.40 million in the prior period[21]. - Cash paid for purchasing goods and services was ¥659,676,946.20, compared to ¥578,880,480.20 in the same period last year, indicating an increase of 13.9%[20]. - Cash inflow from financing activities was $172.03 million, a decrease from $243.00 million in the previous period, with a net cash flow from financing activities of $55.92 million[21]. Management Team - The company’s management team includes Jiang Tao as the responsible person, Jiang Yongfei as the accounting supervisor, and Chen Lihua as the head of the accounting institution[21].

辽宁港口股份有限公司 2025 年第三季度报告 证券代码：601880 证券简称：辽港股份 辽宁港口股份有限公司 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： 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 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 | 2,733,572,734.67 | 6.11 | 8,426,247,397.07 | 5.99 | | 利润总额 | 597,597,319.48 | -9.55 | 2,042,097,114.33 | 44.40 | | 归属于上市公司股东的 净利润 | 344,450,987.50 | -30.00 | 1 ...

Financial Performance - The company's revenue for Q3 2025 was ¥272,803,789.48, a decrease of 17.63% compared to the same period last year[5] - Net profit attributable to shareholders was ¥50,214,191.78, down 31.06% year-over-year[5] - The basic earnings per share decreased to ¥0.2214, reflecting a decline of 31.06% compared to the previous year[5] - Total operating revenue for the current period was CNY 790,899,107.60, a decrease of 7.4% from CNY 854,101,695.51 in the previous period[17] - Net profit for the current period was CNY 157,817,918.30, a decline of 13.5% compared to CNY 182,526,379.42 in the previous period[18] - Earnings per share (EPS) for the current period was CNY 0.6960, down from CNY 0.8056 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,394,096,344.18, an increase of 2.93% from the end of the previous year[5] - Total assets increased to CNY 3,394,096,344.18, compared to CNY 3,297,444,233.19 in the previous period, reflecting a growth of 2.9%[16] - Total liabilities decreased to CNY 1,037,403,561.90, down from CNY 1,053,207,768.02, a reduction of 1.5%[16] - Total equity attributable to shareholders increased to CNY 2,323,925,868.39, up from CNY 2,211,425,331.14, representing a growth of 5.1%[16] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥91,120,401.29, down 9.76% compared to the same period last year[5] - Operating cash inflow for the current period was CNY 842,667,774.40, an increase of 3.5% from CNY 814,550,758.10 in the previous period[19] - Net cash flow from operating activities decreased to CNY 91,120,401.29, down 10.8% from CNY 100,979,444.84 in the previous period[19] - Cash outflow from investing activities totaled CNY 389,923,297.69, compared to CNY 202,871,023.87 in the previous period, indicating a significant increase in investment spending[20] - Net cash flow from investing activities was -CNY 225,188,536.58, worsening from -CNY 202,739,405.97 in the previous period[20] - Cash inflow from financing activities decreased to CNY 131,067,909.27, down 46.0% from CNY 243,023,091.82 in the previous period[20] - Net cash flow from financing activities was -CNY 61,095,218.93, a decline from CNY 106,122,041.96 in the previous period[20] - The ending cash and cash equivalents balance was CNY 79,567,082.84, a decrease from CNY 255,807,762.34 in the previous period[20] Investments and Shareholder Information - The company received government subsidies amounting to ¥1,515,280.00 during the reporting period[7] - The number of ordinary shareholders at the end of the reporting period was 12,496[10] - The largest shareholder, Shenzhen Guangming District State-owned Assets Supervision and Administration Bureau, holds 65.25% of the shares[10] - The company reported a significant increase in investment income, rising to ¥3,152,675.52, a 2708.23% increase compared to the previous year[9] - The company reported an investment income of CNY 3,152,675.52, compared to a loss of CNY 120,874.33 in the previous period[17] - The company plans to participate in a land auction for the smart industry base project, with significant developments expected in 2025[12] - The company is set to issue A-shares to specific investors in October 2025, aiming to enhance capital structure[12] Asset Composition - The company's cash and cash equivalents decreased to ¥79,599,872.52 from ¥274,763,226.74, representing a decline of approximately 71%[14] - Accounts receivable increased to ¥175,464,371.34 from ¥132,861,636.40, showing a growth of about 32%[14] - Inventory rose significantly to ¥966,635,488.07 from ¥793,462,099.62, indicating an increase of approximately 22%[14] - Total current assets decreased to ¥1,345,357,063.60 from ¥1,527,590,386.50, reflecting a decline of around 12%[14] - Non-current assets, including investment properties, increased to ¥869,342,520.53 from ¥800,940,962.12, marking a growth of about 8.6%[14] - The company reported a notable increase in prepayments to ¥6,394,700.16 from ¥2,133,760.33, which is an increase of approximately 200%[14] - The company’s long-term intangible assets rose to ¥152,383,603.43 from ¥134,911,011.12, reflecting an increase of about 12.9%[14] - The company’s goodwill remained stable at ¥19,230,057.19, indicating no change during the reporting period[14] Research and Development - Research and development expenses for the current period were CNY 35,629,988.19, a decrease of 6.5% from CNY 38,106,155.61[17] - Deferred tax assets increased to CNY 10,465,681.38 from CNY 9,969,591.92, indicating a growth of 5.0%[15]

Financial Performance - The company's revenue for Q3 2025 reached ¥155,241,029.24, representing a year-on-year increase of 49.92%[3] - Total profit for the period was ¥44,861,207.42, marking a significant increase of 78.20% compared to the same period last year[3] - Net profit attributable to shareholders was ¥40,250,972.98, up 81.19% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥33,235,572.66, reflecting a growth of 79.20%[3] - Basic earnings per share for the quarter were ¥0.2196, an increase of 66.74% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 406,652,949.93, a significant increase of 47.3% compared to CNY 275,955,021.41 in the same period of 2024[17] - Operating profit for the first three quarters of 2025 was CNY 106,100,199.52, up 60.5% from CNY 66,088,777.68 in the first three quarters of 2024[17] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 93,667,349.33, representing a 59.3% increase from CNY 58,832,909.64 in the same period of 2024[18] - The basic earnings per share for the first three quarters of 2025 were CNY 0.5112, up from CNY 0.3488 in the same period of 2024, reflecting improved profitability[18] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥110,265,491.84, up 122.21%[3] - Cash inflow from operating activities for the first three quarters of 2025 reached ¥355,103,460.55, a significant increase from ¥200,934,260.75 in the same period of 2024, representing a growth of approximately 76.5%[20] - The net cash flow from operating activities for the first three quarters of 2025 was ¥110,265,491.84, compared to ¥49,622,714.13 in 2024, indicating a year-over-year increase of about 122.2%[20] - The company's total assets increased to ¥3,895,148,271.67, a rise of 3.72% from the end of the previous year[4] - Total current assets increased to ¥2,621,035,358.45 as of September 30, 2025, compared to ¥2,205,062,531.10 at the end of 2024, representing a growth of approximately 18.9%[13] - The company's total assets as of the end of the reporting period amounted to CNY 3,895,148,271.67, compared to CNY 3,755,317,295.17 at the end of the previous year[15] - Cash and cash equivalents decreased significantly to ¥235,963,852.79 from ¥1,524,699,139.20, indicating a decline of about 84.5%[13] - The cash and cash equivalents at the end of the third quarter of 2025 amounted to ¥234,011,635.46, compared to ¥191,487,350.59 at the end of the same period in 2024, showing an increase of approximately 22.1%[22] Investments and Expenses - Research and development expenses totaled ¥16,765,625.62, which is 10.80% of revenue, up 53.51% year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 39,800,066.27, slightly higher than CNY 35,844,483.00 in the same period of 2024, highlighting the company's commitment to innovation[17] - The company reported a significant increase in investment income, reaching CNY 24,704,336.39, compared to CNY 20,048,391.08 in the previous year, indicating effective asset management strategies[17] - The total cash outflow from investment activities in the first three quarters of 2025 was ¥4,547,201,260.15, compared to ¥1,878,060,581.96 in 2024, representing an increase of approximately 142.5%[21] - The net cash flow from investment activities for the first three quarters of 2025 was -¥1,262,870,586.28, worsening from -¥452,512,488.85 in 2024[21] Shareholder Information - The company reported no changes in the top 10 shareholders or their shareholding status during the reporting period[12] - The largest shareholder, Zuo Yuyu, holds 31,711,794 shares, representing 17.30% of total shares[12] - The second-largest shareholder, Zuo Jing, also holds 31,707,522 shares, equivalent to 17.30%[12] Strategic Outlook - The increase in revenue and profits is attributed to technological advancements and strategic planning, leading to higher orders and production capacity[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[12] - There are no significant changes in the company's operational strategies or mergers and acquisitions reported[12]

小熊电器股份有限公司 2025 年第三季度报告 证券代码：002959 证券简称：小熊电器 公告编号：2025-063 小熊电器股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.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)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 小熊电器股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 1,156,247,919.93 | 14.73% | 3,691,105,990.60 | 17.59% | ...

Financial Performance - The company's operating revenue for the third quarter was ¥6,503,153,394.34, a decrease of 0.88% compared to the same period last year[4] - The total profit for the quarter was ¥333,774,956.87, reflecting a decline of 23.55% year-over-year[4] - The net profit attributable to shareholders was ¥305,144,215.87, down 20.55% from the previous year[4] - The basic earnings per share for the quarter was ¥0.14, representing a decrease of 17.65% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 20,086,240,828.66, a decrease of 2.2% compared to CNY 20,539,047,905.65 in the same period of 2024[19] - Total profit for the first three quarters of 2025 was CNY 1,129,659,097.36, a decrease of 20.4% from CNY 1,419,252,803.44 in 2024[20] - Net profit for the first three quarters of 2025 was CNY 955,632,916.12, down 26.2% from CNY 1,294,962,598.14 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.42, compared to CNY 0.56 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥63,446,899,823.48, a decrease of 0.80% from the end of the previous year[5] - The total liabilities decreased to 35,445,165,262.79 RMB from 36,619,228,420.54 RMB in the previous year[17] - The company's total assets were 63,446,899,823.48 RMB, down from 63,956,366,694.83 RMB at the end of 2024[17] - The company reported a total equity of 28,001,734,560.69 RMB, compared to 27,337,138,274.29 RMB in 2024[17] - The equity attributable to shareholders increased by 2.64% to ¥27,325,444,778.81 compared to the end of the previous year[5] Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥1,815,663,109.04[4] - Cash flow from operating activities showed a net outflow of CNY -1,815,663,109.04, worsening from CNY -1,546,882,015.17 in the previous year[22] - Cash inflow from investment activities totaled $72,342,819.32, a decrease from $427,352,748.01 in the previous period[23] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $434,707,570.95, compared to $354,746,049.16 previously[23] - Net cash flow from investment activities was -$362,364,751.63, worsening from -$85,625,601.15[23] - Total cash inflow from financing activities was $232,954,242.47, up from $154,500,000.00[23] - Net cash flow from financing activities was -$149,793,592.04, an improvement from -$243,555,897.95[23] - The ending balance of cash and cash equivalents was $4,470,551,923.44, down from $4,783,396,575.23[23] Revenue Breakdown - Revenue from specialized engineering machinery and related services was 1,014,750,000 RMB, down 0.51% year-on-year, while tunnel construction equipment revenue increased by 13.42% to 915,867,000 RMB[12] - Domestic revenue decreased by 16.46% to 29,343,270,000 RMB, while overseas revenue increased by 17.73% to 259,506,000 RMB[14] Shareholder Information - The company had a total of 102,904 common shareholders at the end of the reporting period[9] Other Financial Metrics - Non-recurring gains and losses for the quarter totaled ¥3,533,215.32, with significant contributions from government subsidies[7] - The weighted average return on equity decreased by 0.3 percentage points to 1.24% for the quarter[4] - Research and development expenses for the first three quarters of 2025 were CNY 1,170,136,755.48, slightly down from CNY 1,193,907,314.04 in 2024[19] - Other income increased to CNY 10,680,830.22 from CNY 9,988,450.61, indicating a growth of 6.9%[20] - The company reported a decrease in sales expenses to CNY 464,990,579.81 from CNY 446,611,881.17, reflecting a slight increase of 4.8%[19] - The company experienced a significant decline in investment income, reporting a loss of CNY -13,452,553.61 compared to a profit of CNY 98,613,930.40 in the previous year[19] - Cash dividends and interest payments totaled $246,437,448.19, compared to $248,052,581.08 in the previous period[23]