Financial Performance - Q3 2025 revenue was CNY 1,472,709,146.82, a decrease of 6.23% compared to the same period last year[4] - Net profit attributable to shareholders increased by 20.43% to CNY 142,455,971.48 in Q3 2025[4] - Year-to-date net profit attributable to shareholders rose by 74.63% to CNY 502,671,698.20[4] - Basic earnings per share for Q3 2025 was CNY 0.18, up 28.57% year-on-year[4] - Total operating revenue for the period was CNY 4,299,819,286.52, a decrease of 2.3% compared to CNY 4,401,071,788.51 in the previous period[13] - Net profit for the period increased to CNY 512,184,980.61, up 72% from CNY 298,336,234.02 in the previous period[14] - Earnings per share rose to CNY 0.62, compared to CNY 0.35 in the previous period, indicating a significant improvement[14] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,168,321,048.11, an increase of 1.71% from the end of the previous year[4] - Total assets increased to CNY 14,168,321,048.11 from CNY 13,929,715,649.21, marking a growth of 1.7%[12] - Total liabilities decreased slightly to CNY 4,097,737,875.52 from CNY 4,108,147,805.01, a reduction of 0.3%[12] - Shareholders' equity attributable to shareholders increased by 3.33% to CNY 9,753,230,435.26[4] - The company’s total equity increased to CNY 10,070,583,172.59 from CNY 9,821,567,844.20, representing a growth of 2.5%[12] Cash Flow - The net cash flow from operating activities for the year-to-date decreased by 46.24% to CNY 409,180,600.91[4] - The net cash flow from operating activities decreased to ¥409.18 million from ¥761.09 million, representing a decline of approximately 46.2% year-over-year[16] - Cash inflow from investment activities significantly increased to ¥9.12 billion from ¥890.85 million, marking an increase of over 920%[16] - The net cash flow from investment activities was negative at -¥108.80 million, an improvement from -¥474.74 million in the previous period[16] - Cash inflow from financing activities decreased to ¥1.31 billion from ¥1.67 billion, a decline of about 21.5%[16] - The net cash flow from financing activities was -¥108.82 million, compared to a positive net flow of ¥192.32 million in the previous period[16] - The total cash and cash equivalents at the end of the period stood at ¥1.59 billion, down from ¥1.83 billion[16] Other Financial Metrics - Non-recurring gains and losses totaled CNY 46,046,044.70 for the current period[5] - The company reported a significant increase in net profit due to gains from the sale of trading financial assets[7] - The number of ordinary shareholders at the end of the reporting period was 46,011[9] - Cash and cash equivalents decreased to CNY 1,887,603,628.97 from CNY 2,055,856,788.37, a decline of 8.2%[11] - Inventory increased to CNY 2,156,572,085.35 from CNY 2,019,884,406.30, reflecting an increase of 6.8%[11] - The company reported an investment income of CNY 251,020,623.01, a significant recovery from a loss of CNY 33,878,369.88 in the previous period[13] - The cash outflow for purchasing goods and services increased to ¥2.37 billion from ¥2.15 billion, reflecting a rise of approximately 10%[16] - The company received ¥4.21 billion from sales of goods and services, a slight decrease from ¥4.25 billion in the previous period[16] - The company reported a cash inflow of ¥503.98 million from other investment-related activities, a significant increase from ¥50.11 million[16] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥25.57 million, compared to a negative impact of -¥2.82 million previously[16]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥652,713,663.93, representing a 19.25% increase year-over-year[5] - The net profit attributable to shareholders was a loss of ¥5,689,133.23, a 94.31% decline compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥10,290,108.65, down 89.92% year-over-year[5] - The net profit attributable to shareholders reached ¥5,371,760.78, a 104.97% increase compared to a net loss of ¥108,183,983.10 in the same period last year[11] - The company reported a net profit of ¥13,384,720.57, a significant improvement compared to a net loss of ¥197,217,122.86 in the previous period, indicating a recovery in profitability[20] Cash Flow - Cash flow from operating activities showed a net outflow of ¥52,390,059.85, a significant decline of 86.64% year-to-date[5] - The net cash flow from operating activities improved by 86.64%, amounting to -¥52,390,059.85, compared to -¥392,063,582.55 in the previous year[11] - Cash flow from operating activities showed a net outflow of ¥52,390,059.85, an improvement from a larger outflow of ¥392,063,582.55 in the prior period[21] - Cash flow from investing activities generated a net inflow of ¥14,068,146.04, compared to a net outflow of ¥39,282,972.44 previously, indicating better investment management[22] - Cash flow from financing activities resulted in a net outflow of ¥221,109,333.94, a decline from a net inflow of ¥98,232,868.47 in the previous period, reflecting increased financial pressures[22] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,193,914,622.54, a decrease of 13.96% from the end of the previous year[5] - The company's total assets decreased to ¥3,193,914,622.54 from ¥3,712,245,984.49, indicating a decline of approximately 13.9%[16] - The company's cash and cash equivalents decreased by 41.69% to ¥437,337,007.76, primarily due to cash outflows from operating and financing activities exceeding cash inflows from investment activities[9] - Total liabilities decreased to ¥1,754,426,662.79 from ¥2,313,409,716.67, a reduction of about 24.1%[16] - The company’s total assets decreased to ¥328,862,053.39 at the end of the period, down from ¥588,222,493.66 at the beginning of the period, indicating a reduction in liquidity[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 43,509, with the top ten shareholders holding significant stakes[12] - The largest shareholder, Xu Hong, holds 21.84% of the shares, totaling 76,850,924 shares[12] - The second-largest shareholder, Guo Menglong, owns 18.69% of the shares, amounting to 65,783,347 shares[12] Investment and Income - Investment income increased significantly to ¥7,521,270.27 from a loss of ¥367,253.28, representing a growth of 2147.98% due to the revaluation of equity from subsidiaries acquired during the reporting period[11] - The net investment income for the current period was ¥7,521,270.27, compared to a loss of ¥367,253.28 in the previous period, showing a significant turnaround[19] Operating Costs and Expenses - Total operating costs amounted to ¥1,958,830,411.14, up from ¥1,740,157,602.91, indicating an increase of about 12.6%[19] - The company reported research and development expenses of ¥73,355,732.98, down from ¥93,547,370.30, a decrease of approximately 21.6%[19] - The company reported a significant increase in tax expenses, which rose to ¥4,221,509.57, a 1445.32% increase from ¥273,180.06 in the previous year[11] Comprehensive Income - Total comprehensive income reached ¥40,404,176.75, contrasting with a total comprehensive loss of ¥204,491,208.68 from the prior period, showcasing a positive turnaround[20] - The company reported other comprehensive income after tax of ¥27,019,456.18, recovering from a loss of ¥7,274,085.82 in the previous period, indicating improved financial health[20] Earnings Per Share - The company's basic and diluted earnings per share were both -¥0.0162, reflecting a 94.31% decrease compared to the same period last year[5] - Basic and diluted earnings per share were both ¥0.0153, recovering from a loss of ¥0.3074 per share in the previous period[21]

Financial Performance - The company's revenue for Q3 2025 reached ¥505,221,250.06, representing a 17.33% increase year-over-year, while the year-to-date revenue was ¥1,599,797,382.05, up 50.09% compared to the same period last year[9] - The net profit attributable to shareholders for Q3 2025 was ¥8,146,835.34, a decrease of 75.36% year-over-year, but the year-to-date net profit increased by 114.90% to ¥11,467,598.00[9] - Basic earnings per share for Q3 2025 were ¥0.03, down 76.92% year-over-year, while year-to-date basic earnings per share increased by 113.33% to ¥0.04[9] - Total operating revenue for the current period reached ¥1,599,797,382.05, a significant increase from ¥1,065,858,645.18 in the previous period, representing a growth of approximately 50%[24] - The net profit for the current period was ¥11,274,787.26, a recovery from a net loss of ¥77,442,456.33 in the previous period[25] - The operating profit improved to ¥14,961,182.87 compared to a loss of ¥69,107,514.77 in the prior period[25] - The company reported a total comprehensive income of ¥11,274,787.26, compared to a comprehensive loss of ¥77,442,456.33 in the previous period[26] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥6,206,949,829.93, reflecting a 2.21% increase from the end of the previous year[9] - Current assets totaled CNY 1,521,746,692.03, up from CNY 1,259,784,124.42 at the start of the period, reflecting a growth of approximately 20.7%[21] - Total liabilities increased to CNY 2,806,441,961.47 from CNY 2,679,485,113.29, indicating a growth of about 4.7%[22] - The company's equity attributable to shareholders reached CNY 3,397,058,772.49, slightly up from CNY 3,385,783,241.87, showing a marginal increase of 0.3%[23] - Short-term borrowings rose to CNY 936,151,240.64 from CNY 879,108,591.11, reflecting an increase of approximately 6.5%[22] - The company reported a decrease in accounts payable from CNY 400,416,754.63 to CNY 360,645,088.53, a decline of about 9.9%[22] - The total non-current assets decreased to CNY 4,685,203,137.90 from CNY 4,812,693,129.03, indicating a decline of approximately 2.6%[21] Cash Flow - The company's operating cash flow for the year-to-date period was ¥135,705,523.17, a significant increase of 539.98% compared to the previous year[9] - Cash flow from operating activities generated a net amount of ¥135,705,523.17, contrasting with a negative cash flow of ¥30,843,362.33 in the previous period[29] - Investment activities resulted in a net cash outflow of ¥188,037,047.19, an improvement from a larger outflow of ¥502,627,630.92 in the prior period[30] - Financing activities produced a net cash inflow of ¥41,217,401.02, slightly down from ¥45,900,810.40 in the previous period[30] - The cash and cash equivalents at the end of the period were ¥472,398,793.10, down from ¥664,881,053.58 at the end of the previous period[30] Inventory and Expenses - The company's inventory increased by 30.65% year-over-year to ¥892,426,377.51, primarily due to an increase in the number of live pigs held[14] - The company experienced a 58.94% decrease in selling expenses, which amounted to ¥14,284,667.75, primarily due to reduced export commission costs[15] - Total operating costs amounted to ¥1,591,459,866.55, up from ¥1,141,075,686.61, indicating an increase of about 39.5%[24] - Research and development expenses for Q3 2025 were ¥25,294,358.74, up 30.68% year-over-year, attributed to increased material consumption for R&D[15] Market and Strategic Initiatives - Dongrui Food Group reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q3 2025[32] - User data showed a growth of 20% in active customers, totaling 5 million by the end of Q3 2025[32] - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q4 2025, representing a 10% increase compared to Q4 2024[32] - New product launches contributed to a 25% increase in sales volume, with three new product lines introduced in Q3 2025[32] - Dongrui Food Group is expanding its market presence in Southeast Asia, targeting a 30% market share by 2026[32] - The company announced a strategic acquisition of a local competitor, expected to enhance production capacity by 40%[32] - Research and development investments increased by 18%, focusing on innovative food processing technologies[32] - Gross margin improved to 35%, up from 32% in the previous quarter, due to cost optimization strategies[32] - The company plans to enhance its digital marketing efforts, aiming for a 50% increase in online sales by the end of 2025[32] - Dongrui Food Group's debt-to-equity ratio improved to 0.5, indicating a stronger financial position[32]

Financial Performance - The company's revenue for Q3 2025 was ¥513,937,810.01, an increase of 3.25% compared to the same period last year[4] - Net profit attributable to shareholders reached ¥978,957,330.73, representing a significant increase of 38.53% year-on-year[4] - The net profit excluding non-recurring gains and losses was ¥823,238,943.93, up 109.71% from the previous year[4] - Basic earnings per share were ¥0.8350, reflecting a growth of 41.31% compared to the same quarter last year[4] - Net profit attributable to shareholders of the parent company rose to ¥2,260,496,439.24, an increase of 81.70% driven by investment income and fair value changes.[9] - Net profit for the current period is ¥2,255,329,694.19, compared to ¥1,218,546,029.35 in the previous period, indicating an increase of approximately 85.1%[19] - The profit attributable to shareholders of the parent company is ¥2,260,496,439.24, up from ¥1,244,115,685.35, marking a growth of around 81.7%[19] - The total comprehensive income for the current period is ¥2,195,731,865.17, compared to ¥1,457,427,889.24, indicating an increase of approximately 50.7%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥34,575,899,940.55, a 4.77% increase from the end of the previous year[4] - The company's equity attributable to shareholders increased by 5.31% to ¥30,568,244,673.71 compared to the end of last year[4] - Total assets increased to $34.58 billion from $33.00 billion, representing a growth of approximately 4.8%[17] - Current assets rose to $5.22 billion, up from $4.83 billion, indicating an increase of about 8.1%[15] - Long-term equity investments increased to $25.73 billion from $24.35 billion, reflecting a growth of approximately 5.7%[15] - Total liabilities decreased slightly to $3.76 billion from $3.72 billion, a change of about 1.1%[17] - Short-term borrowings decreased to $1.14 billion from $1.25 billion, a reduction of approximately 9.0%[17] - Accounts payable decreased to $352.15 million from $417.39 million, a decline of about 15.6%[17] - Non-current assets totaled $29.36 billion, up from $28.17 billion, indicating an increase of about 4.2%[17] - The company's retained earnings increased to $21.46 billion from $19.78 billion, reflecting a growth of approximately 8.5%[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥161,051,103.70, showing a remarkable increase of 443.63%[4] - Operating cash flow net amount improved to ¥161,051,103.70, a substantial increase of 443.63% compared to the previous period.[9] - Cash inflow from operating activities totaled ¥1,846,002,397.37, down from ¥2,149,740,908.19, a decrease of about 14.1%[20] - Cash flow from operating activities decreased from 2,196,608,043.40 to 1,684,951,293.67, a decline of approximately 23.3%[22] - Cash flow from investment activities increased by 91.28% to ¥510,339,185.26, attributed to a decrease in cash paid for investments.[9] - Cash inflow from investment activities decreased from 3,822,068,687.00 to 2,788,846,709.32, representing a drop of about 27.1%[22] - Net cash flow from financing activities showed a negative change from -672,365,438.79 to -563,265,104.30, indicating an improvement of approximately 16.3%[22] - Total cash and cash equivalents at the end of the period increased to 1,213,726,929.22 from 1,105,646,454.39, reflecting a growth of about 9.8%[22] Expenses and Income - Management expenses decreased by 31.40% to ¥142,954,141.60, attributed to enhanced internal controls[8] - Financial expenses were reduced by 50.85% to ¥29,631,579.59, primarily due to a decrease in interest expenses[8] - Investment income increased to ¥2,080,922,165.92, a year-on-year growth of 58.63% primarily due to gains from investments in GF Securities Co., Ltd.[9] - Fair value changes in financial assets resulted in a profit of ¥292,443,572.99, reflecting a significant increase of 1358.96% compared to the previous period.[9] - Credit impairment losses decreased by 86.25% to ¥-1,511,287.29, mainly due to a reduction in expected credit losses on other receivables.[9] - The company reported a significant increase in prepayments by 92.21% to ¥50,113,850.22, mainly due to prepayments to suppliers[8] - The company reported a decrease in other comprehensive income after tax to ¥-59,597,829.02, a decline of 124.95% year-on-year.[9] - The net asset disposal loss decreased by 43.37% to ¥-265,374.22, indicating improved asset management.[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,216, with no preferred shareholders restoring voting rights.[11] - The largest shareholder, Dunhua Jincheng Industrial Co., Ltd., holds 27.35% of shares, amounting to 327,080,749 shares, with 107,425,000 shares pledged.[11]

二六三网络通信股份有限公司 2025 年第三季度报告 二六三网络通信股份有限公司 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。 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 二六三网络通信股份有限公司 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 公司是否需追溯调整或重述以前年度会计数据 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： □是 ☑否 | 项目 | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 205,984,246.83 | 2.14% | 590,648,697.79 | -11.86% | | 归属于上 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,719,322,472.64, an increase of 8.87% compared to the same period last year[4] - The net profit attributable to shareholders was -¥11,598,894.83, a decrease of 178.09% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,041,774.11, a decline of 634.09% compared to the previous year[4] - Total operating revenue for the current period reached ¥3,790,495,550.04, a slight increase of 0.89% compared to ¥3,756,923,951.36 in the previous period[22] - Net profit for the current period was ¥28,068,053.79, a decrease of 66.47% from ¥83,671,790.69 in the previous period[23] - The company recorded a total profit of ¥44,506,270.52, down 54.7% from ¥98,267,504.93 in the previous period[23] - Basic earnings per share for the current period was -¥0.0153, compared to ¥0.0154 in the previous period[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,950,307,544.95, reflecting a growth of 7.03% from the end of the previous year[4] - Total current assets increased to ¥2,323,049,207.14 from ¥1,977,213,338.18, representing a growth of approximately 17.5%[18] - Total assets at the end of the reporting period reached ¥3,950,307,544.95, up from ¥3,690,950,818.58, indicating an increase of about 7%[19] - Total liabilities increased to ¥2,506,257,496.94 from ¥2,254,707,390.51, reflecting a growth of approximately 11.1%[19] - The company reported a total of 1,531,716,596.33 in current liabilities, up from 1,255,826,849.56, marking an increase of about 22%[19] - Long-term borrowings rose to ¥13,822,595.83 from ¥7,812,787.50, an increase of approximately 76.5%[19] Cash Flow - The cash flow from operating activities was ¥237,406,776.94, up 76.64% year-on-year, attributed to reduced cash payments in operating activities[12] - The company reported a net cash flow from operating activities of ¥237,406,776.94, an increase of 76.83% compared to ¥134,399,879.55 in the prior period[25] - Cash received from sales of goods and services was ¥3,468,875,005.28, a decrease of 10.66% from ¥3,883,693,352.03 in the previous period[25] - Net cash flow from investing activities was -$18.8 million, compared to -$26.2 million in the previous period, indicating an improvement of approximately 28%[26] - Total cash inflow from financing activities was $828.5 million, slightly up from $806.5 million year-over-year, reflecting a growth of about 2%[26] - Net cash flow from financing activities was -$264.4 million, worsening from -$151.6 million in the previous period, representing a decline of approximately 74%[26] - The net increase in cash and cash equivalents was -$42.8 million, compared to -$40.3 million in the prior period, showing a slight deterioration of about 6%[26] - The ending balance of cash and cash equivalents was $113.4 million, up from $63.5 million year-over-year, indicating a significant increase of approximately 78%[26] - The company’s cash outflow from financing activities totaled $1.09 billion, compared to $958 million in the previous period, marking an increase of about 14%[26] - Cash received from borrowings was $213.4 million, down from $309.4 million, reflecting a decrease of approximately 31%[26] - Cash paid for debt repayment was $158 million, consistent with the previous period's $157.8 million, indicating stability in debt servicing[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,748[14] - The largest shareholder, Xinyang Dingxin Xinghua Industrial Investment Partnership, holds 24.00% of shares, totaling 511,893,617 shares[14] - The second-largest shareholder, Henan Guangzhou Chenyue Industrial Co., Ltd., holds 16.01% of shares, totaling 341,519,859 shares, with 267,620,000 shares pledged and 135,000,000 shares frozen[14] Inventory and Receivables - Accounts receivable increased by 66.87% to ¥887,407,371.69, primarily due to sales on credit[9] - Inventory decreased by 41.80% to ¥573,006,534.54, mainly due to product sales[10] - Accounts receivable rose significantly to ¥887,407,371.69 from ¥531,800,717.46, an increase of about 67%[18] - Inventory decreased to ¥573,006,534.54 from ¥984,609,949.52, a decline of approximately 41.8%[18] Other Financial Metrics - The company experienced a 112.24% decline in investment income, reporting -¥3,006,894.84, primarily due to the poor performance of associated companies[11] - Research and development expenses were ¥5,149,507.84, down 25.6% from ¥6,922,373.63 in the previous period[22] - The company's equity attributable to shareholders decreased to ¥929,103,322.06 from ¥961,333,689.30, reflecting a decline of 3.34%[20] Audit and Accounting Standards - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[27] - The new accounting standards will be first implemented starting in 2025, which may impact future financial reporting[28]

Financial Performance - The company's operating revenue for the third quarter was ¥115,464,995.47, representing a year-on-year increase of 26.21%[3] - The total profit for the third quarter reached ¥25,745,001.66, marking a significant increase of 48.94% compared to the same period last year[3] - Net profit attributable to shareholders for the third quarter was ¥27,438,950.45, up by 49.28% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.0625, reflecting a growth of 49.16% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥230,495,859.31, a significant increase from ¥159,245,058.40 in the same period of 2024, representing a growth of approximately 44.7%[20] - The company reported a net profit of ¥34,405,257.70 for the first three quarters of 2025, compared to a net loss of ¥18,358,130.89 in the same period of 2024, indicating a turnaround in profitability[21] - Operating profit for the first three quarters of 2025 was ¥32,166,755.44, a recovery from an operating loss of ¥20,199,341.89 in the previous year[20] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥52,287,124.91, indicating a negative cash flow situation[3] - The company reported a significant decrease in cash flow due to increased procurement payments compared to the previous year[8] - The company's cash flow from operating activities is expected to improve due to the increase in net profit and revenue growth[23] - In the first three quarters of 2025, the net cash flow from operating activities was -52,287,124.91 RMB, compared to -5,914,574.91 RMB in the same period of 2024, indicating a significant decline[24] - Total cash inflow from investment activities decreased to 1,033,896,294.42 RMB in 2025 from 1,186,469,248.06 RMB in 2024, while cash outflow increased to 1,450,587,703.30 RMB from 1,151,467,452.20 RMB[25] - The net cash flow from investment activities turned negative at -416,691,408.88 RMB in 2025, contrasting with a positive flow of 35,001,795.86 RMB in 2024[25] - Cash and cash equivalents at the end of September 2025 were 265,867,466.33 RMB, down from 682,743,413.94 RMB at the end of 2024, representing a decrease of approximately 61%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,444[9] - The largest shareholder, China Cultural Industry Development Group, holds 110,216,220 shares, representing 25.13% of total shares[9] - The second-largest shareholder, Shanghai Huayi Holdings Group, holds 45,118,545 shares, accounting for 10.29%[9] Investment and Impairment - The company reported a long-term equity investment impairment provision of 21,499,200 RMB due to the decline in value of its investment in Huasheng Jingshi[12] - The company recognized a financial derivative asset and corresponding fair value change income of 20,003,700 RMB related to the investment in Huasheng Jingshi[13] - The company is actively assessing the credit situation and performance capabilities of related parties regarding the buyback obligation triggered by Huasheng Jingshi[12] Research and Development - Research and development expenses decreased to ¥42,669,351.70 from ¥59,472,439.00, a reduction of approximately 28.3%[20] - The company has not reported any new product developments or market expansion strategies in the provided data, suggesting a focus on stabilizing current operations[31] Future Outlook - The company aims to enhance its digital education solutions and services to support the digital transformation of higher education institutions[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]

沙河实业股份有限公司 2025 年第三季度报告 证券代码：000014 证券简称：沙河股份 公告编号：2025-24 沙河实业股份有限公司 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、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。 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。 沙河实业股份有限公司 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 公司是否需追溯调整或重述以前年度会计数据 3.第三季度财务会计报告是否经过审计 □是 否 1 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 期增减 | | 年同期增减 | | 营业收入（元） | 6,571,713.54 | -87.69% | 20,858,885.5 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥982,464,629.96, a decrease of 5.58% compared to the same period last year[5] - The total profit for the period was ¥89,716,125.37, down 21.58% year-on-year[5] - The net profit attributable to shareholders was ¥73,561,194.83, reflecting a decline of 21.70% compared to the previous year[5] - The basic earnings per share were ¥0.1844, down 21.26% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 2,943,688,218.83, a decrease of 0.75% compared to CNY 2,965,296,255.42 in the same period of 2024[24] - Total operating costs for the first three quarters of 2025 were CNY 2,715,967,297.75, down 2.00% from CNY 2,771,247,150.27 in the previous year[25] - Net profit for the first three quarters of 2025 reached CNY 220,208,681.08, an increase of 14.74% compared to CNY 191,831,788.23 in the same period of 2024[26] - Operating profit for the first three quarters of 2025 was CNY 260,651,716.68, up from CNY 232,252,015.17 in the previous year, reflecting a growth of 12.24%[25] - Basic earnings per share for the first three quarters of 2025 were CNY 0.5549, compared to CNY 0.4944 in the same period of 2024, indicating an increase of 12.00%[26] Cash Flow - The net cash flow from operating activities showed a significant decrease of 420.84%, amounting to -¥96,240,883.16[10] - In the first three quarters of 2025, cash inflows from operating activities amounted to ¥1,655,945,880.22, compared to ¥1,561,122,498.63 in the same period of 2024, representing an increase of approximately 6%[28] - The net cash flow from operating activities for the first three quarters of 2025 was -¥96,240,883.16, a decline from a positive net cash flow of ¥29,996,242.26 in 2024[28] - Cash inflows from investment activities totaled ¥739,447,822.81 in 2025, down from ¥1,026,832,434.55 in 2024, indicating a decrease of about 28%[29] - The net cash flow from investment activities was ¥25,963,352.88 in 2025, significantly lower than ¥349,830,394.17 in 2024, reflecting a decrease of approximately 93%[29] - Cash inflows from financing activities were ¥378,000,000.00 in 2025, slightly down from ¥380,000,000.00 in 2024[29] - The net cash flow from financing activities was -¥24,756,182.01 in 2025, compared to -¥261,503,230.53 in 2024, showing an improvement in cash flow[29] - The ending balance of cash and cash equivalents as of September 2025 was ¥254,118,733.60, down from ¥356,281,784.12 at the end of September 2024[29] - The company reported a significant increase in cash paid for purchasing goods and services, totaling ¥1,084,622,371.81 in 2025, compared to ¥784,588,449.79 in 2024, an increase of approximately 38%[28] - The company experienced a decrease in cash received from other operating activities, which was ¥13,602,267.43 in 2025, down from ¥21,976,281.59 in 2024, a decline of about 38%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,857,999,321.15, a decrease of 0.66% from the previous year-end[6] - As of September 30, 2025, the total current assets amounted to RMB 4,005,989,453.87, an increase from RMB 3,971,953,665.61 at the end of 2024[19] - Total assets as of the reporting date were CNY 5,857,999,321.15, slightly down from CNY 5,896,916,208.72 at the end of the previous period[21] - Total liabilities decreased to CNY 2,011,104,591.97 from CNY 2,188,641,181.62, a reduction of approximately 8.09%[21] - Non-current liabilities totaled CNY 197,182,553.08, down from CNY 289,070,937.86, reflecting a decrease of 31.83%[21] Shareholder Information - The company had a total of 25,685 common shareholders at the end of the reporting period[11] - The largest shareholder, Hunan Aihua Holdings Co., Ltd., held 48.36% of the shares[11] - The first major shareholder, Hunan Aihua Holdings Co., Ltd., holds 193,969,263 shares, representing a significant portion of the company's equity[12] Investments and Projects - The company decided to terminate the convertible bond project and permanently supplement the remaining raised funds into working capital[14] - The total investment for the new film capacitor and new materials project is planned at RMB 45,600,000, with RMB 21,158,800 already invested as of the reporting period[18] - The company’s subsidiary Jiangsu Lifeng reduced its registered capital from RMB 80 million to RMB 48 million, with a reduction of RMB 32 million from a shareholder[17] - The company has completed the cancellation of the special account for the convertible bond fundraising project, transferring RMB 97,693,623.92 to its general account[16] Non-recurring Items - Non-recurring gains and losses for the period totaled ¥5,745,829.63, with government subsidies contributing ¥4,108,357.34[8] Accounting Standards - The company did not apply new accounting standards for the year 2025[30]

Financial Performance - The company's operating revenue for the third quarter was ¥233,943,111.72, a decrease of 19.70% compared to the same period last year[5] - The total profit for the quarter was ¥3,990,339.21, down 38.40% year-over-year[5] - The net profit attributable to shareholders was ¥3,855,271.76, reflecting a decline of 43.86% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥4,581,422.98, a decrease of 31.93% year-over-year[5] - The basic earnings per share for the quarter was ¥0.01, a decrease of 33.33% compared to the same period last year[6] - Total revenue for the first three quarters of 2025 was CNY 704,258,134.59, a decrease of 3.2% compared to CNY 727,408,319.67 in the same period of 2024[19] - The company reported a net profit margin of approximately 1.1% for the first three quarters of 2025, compared to 2.6% in the same period of 2024[19] - The company's net profit for the first three quarters of 2025 was CNY 11,500,299.85, a decrease of 35.5% compared to CNY 17,769,140.36 in the same period of 2024[21] - Operating profit decreased to CNY 12,599,197.28, down 28.5% from CNY 17,652,591.29 in the prior year[21] - The total comprehensive income for the period was CNY 14,827,244.02, down 40.5% from CNY 25,053,990.37 in the previous year[21] - Earnings per share for the period were CNY 0.02, down from CNY 0.03 in the previous year[21] Assets and Liabilities - The total assets at the end of the period were ¥2,095,846,130.93, an increase of 8.27% from the end of the previous year[6] - The equity attributable to shareholders increased by 22.09% to ¥1,428,477,367.11 compared to the end of the previous year[6] - Current assets increased to CNY 1,387,145,671.73 as of September 30, 2025, compared to CNY 1,211,167,151.19 at the end of 2024, reflecting a growth of 14.5%[16] - Total liabilities decreased to CNY 665,196,707.15 from CNY 765,143,820.40, a decline of 13.1%[18] - Shareholders' equity increased to CNY 1,430,649,423.78 from CNY 1,170,598,521.98, representing a growth of 22.1%[18] - Non-current assets totaled CNY 708,700,459.20, slightly down from CNY 724,575,191.19, a decrease of 2.2%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥168,669,541.99, showing a significant increase of 658.44%[5] - The company reported a net cash flow from operating activities of CNY 168,669,541.99, significantly up from CNY 22,239,035.81 in the same period last year[23] - The company’s cash and cash equivalents at the end of the period totaled CNY 358,222,992.85, compared to CNY 53,306,250.34 at the end of the previous year[24] - Cash and cash equivalents rose significantly to CNY 358,804,897.21 from CNY 58,702,572.79, marking a substantial increase of 510.5%[16] - The company’s investment activities resulted in a net cash outflow of CNY 12,646,880.20, an improvement from a net outflow of CNY 23,572,915.72 in the same period last year[24] Operating Costs and Expenses - The decrease in total profit was primarily due to increased operating expenses from the subsidiary and reduced exchange gains[9] - Total operating costs for the first three quarters of 2025 were CNY 694,476,493.38, down from CNY 708,076,669.40 in the previous year[19] - Research and development expenses were CNY 1,428,027.45, slightly down from CNY 1,508,405.25 in the same period last year[21] - The company’s financial expenses increased to CNY 21,782,752.50, compared to CNY 21,305,623.14 in the previous year[21] Shareholder Information - The company had a total of 25,626 common shareholders at the end of the reporting period[12] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[14] Sales Performance - Total revenue from sales of goods and services reached CNY 811,073,905.16, an increase of 9.0% from CNY 743,839,362.63 in the previous year[23]