Financial Performance - The company's operating revenue for Q3 2025 reached CNY 711.23 million, a year-on-year increase of 30.70%[4] - For the first nine months of 2025, the total operating revenue was CNY 1.93 billion, reflecting a growth of 22.99% compared to the same period last year[6] - The net loss attributable to shareholders for Q3 2025 was CNY 63.22 million, with a cumulative net loss of CNY 230.30 million for the year-to-date[4] - The gross margin for the first three quarters of 2025 improved to 5.40%, driven by increased sales and enhanced production efficiency[6] - The company reported a significant increase in sales to major clients such as Huawei and Great Wall Motors, contributing to revenue growth[6] - The production base in Ma'anshan generated nearly CNY 900 million in revenue, marking an over 50% increase year-on-year[6] - The company's operating revenue for the reporting period increased by 30.70% due to strong market performance from certain clients and rapid project ramp-up[10] - The net profit attributable to shareholders of the listed company improved significantly, driven by sales growth and enhanced production efficiency, with a decrease in fixed and variable costs compared to the same period last year[10] - The company experienced a notable narrowing of net losses for the first three quarters and the third quarter compared to the same period last year[10] - Total operating revenue for the first three quarters of 2025 reached ¥1,929,637,176.13, an increase of 22.98% compared to ¥1,568,904,949.94 in the same period of 2024[21] - The net loss for the first three quarters of 2025 was ¥230,298,761.11, an improvement from a net loss of ¥380,421,075.95 in the same period of 2024[22] - The net profit attributable to the parent company was -230,298,761.11 CNY, compared to -380,421,075.95 CNY in the previous year, showing an improvement[23] - The total comprehensive income attributable to the parent company was -188,597,392.17 CNY, compared to -383,379,093.96 CNY in the previous year, indicating a significant reduction in losses[23] - Basic and diluted earnings per share were both -0.7964 CNY, an improvement from -1.4549 CNY in the same period last year[23] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to CNY 6.96 billion, representing a 3.96% increase from the end of the previous year[5] - The equity attributable to shareholders increased by 16.20% year-on-year, reaching CNY 2.15 billion[5] - Current assets increased to ¥2,726,933,925.04 as of September 30, 2025, compared to ¥2,501,938,920.17 at the end of 2024, reflecting a growth of 9.01%[17] - Total liabilities decreased slightly to ¥4,810,476,206.46 as of September 30, 2025, from ¥4,845,313,343.25 at the end of 2024[19] - The company's long-term borrowings stood at ¥1,645,289,922.41, a slight decrease from ¥1,663,508,942.51 at the end of 2024[19] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 156.67 million[5] - Cash flow from operating activities generated a net cash inflow of 156,667,771.05 CNY, compared to a net outflow of -212,569,515.65 CNY in the previous year[26] - Cash received from the sale of goods and services was 2,122,310,056.18 CNY, up from 2,058,537,762.34 CNY year-over-year[26] - Cash outflow for purchasing goods and services was 1,385,715,310.90 CNY, down from 1,735,775,179.89 CNY in the previous year[26] - Cash flow from investing activities resulted in a net outflow of -198,567,256.99 CNY, compared to -151,704,124.77 CNY in the previous year[27] - Cash flow from financing activities generated a net inflow of 221,811,221.15 CNY, down from 319,975,986.22 CNY in the previous year[27] - The ending balance of cash and cash equivalents was 690,658,270.14 CNY, compared to 494,122,176.40 CNY at the end of the previous year[27] - The company's cash and cash equivalents rose to ¥712,560,067.06, up 29.93% from ¥548,316,795.23 at the end of 2024[17] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 33,048[12] - The largest shareholder, QuanFeng Precision Technology Holdings Limited, holds 72,000,000 shares, accounting for 21.20% of the total shares[12] - The company completed the early redemption of "QuanFeng Convertible Bonds," converting a total of 78,221,487 shares, which increased the total share capital to 339,553,548 shares[14] - The total redemption amount for the bonds was RMB 2,140,701.43, including current interest, which will reduce future interest expenses[14] Cost Management - The company continues to focus on cost reduction and efficiency improvement measures, leading to a decrease in the proportion of management and R&D expenses relative to revenue[10] - Research and development expenses for the first three quarters of 2025 were ¥93,154,267.30, down 10.83% from ¥104,492,655.53 in the same period of 2024[22] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[28]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,099,437,008.90, a decrease of 26.91% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥56,772,640.56, down 64.98% year-on-year[3]. - The basic earnings per share decreased by 65.52% to ¥0.10[3]. - Total operating revenue for the current period is ¥3,543,114,437.77, a decrease of 12.3% from ¥4,042,519,280.66 in the previous period[17]. - The company's operating profit for the current period is approximately ¥500.78 million, compared to ¥473.72 million in the previous period, reflecting an increase of about 5.4%[18]. - The total profit for the current period is approximately ¥463.44 million, slightly up from ¥458.34 million in the previous period, indicating a growth of about 1.4%[18]. - The net profit for the current period is approximately ¥391.01 million, down from ¥409.17 million in the previous period, representing a decrease of about 4.4%[18]. - The total comprehensive income for the current period is approximately ¥387.07 million, down from ¥405.51 million in the previous period, indicating a decrease of about 4.5%[18]. - Basic and diluted earnings per share for the current period are both ¥0.71, down from ¥0.75 in the previous period, reflecting a decrease of about 5.3%[18]. Assets and Liabilities - Total assets increased by 3.95% to ¥10,275,890,676.97 compared to the end of the previous year[3]. - Total assets increased to ¥10,275,890,676.97, up from ¥9,885,801,308.18, reflecting a growth of 4.0%[15]. - Current assets totaled ¥4,832,021,113.45, a slight increase of 2.6% from ¥4,709,947,827.19[15]. - Cash and cash equivalents decreased significantly to ¥1,264,244,627.60 from ¥1,995,119,806.84, a decline of 36.7%[15]. - Total liabilities increased to ¥2,706,307,576.40, up from ¥2,284,752,237.80, reflecting a growth of 18.4%[15]. - Short-term borrowings rose to ¥361,834,781.94, an increase of 158.5% from ¥139,826,128.28[15]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥374,252,578.52, a decline of 39.04%[7]. - The cash flow from operating activities for the current period is approximately ¥374.25 million, a decrease of about 39% from ¥613.89 million in the previous period[19]. - The cash flow from investing activities shows a net outflow of approximately ¥552.83 million, an improvement from a net outflow of ¥1.30 billion in the previous period[19]. - The cash flow from financing activities resulted in a net outflow of approximately ¥145.03 million, compared to a net inflow of ¥503.53 million in the previous period[20]. - The cash and cash equivalents at the end of the period are approximately ¥1.26 billion, down from ¥2.13 billion at the end of the previous period, indicating a decrease of about 40.7%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,047[9]. - Anhui Jinrui Investment Group holds 44.08% of shares, totaling 250,487,223 shares, with 15,000,000 shares pledged[9]. - The company plans to distribute a cash dividend of 8.30 RMB per 10 shares, totaling 454,074,110.03 RMB, based on 547,077,241 shares after excluding repurchased shares[11]. - The top ten shareholders include Hong Kong Central Clearing Limited with 2.27% (12,903,971 shares) and other notable shareholders[9]. - The company has a repurchase account holding 21,242,637 shares, representing 3.74% of total shares[10]. - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[11]. - The company has a total of 568,319,878 shares, with 21,242,637 shares repurchased[11]. Corporate Governance - The company completed the election of the seventh board of directors on August 4, 2025, following the expiration of the sixth board's term[12]. - The company has implemented a third phase of the core employee stock ownership plan to enhance employee engagement and retention[11]. - The company has engaged in financing and securities lending activities, with specific details on shareholdings provided[10]. Other Financial Metrics - The company experienced a 134.31% increase in non-operating expenses, totaling ¥38,417,696.33, mainly due to technology compensation payments and asset write-offs[7]. - Investment income rose by 48.85% to ¥70,433,698.04, attributed to increased returns from trading financial assets[7]. - The company reported a significant increase in trading financial assets, rising by 47.40% to ¥1,137,119,696.10[6]. - The company's inventory increased by 52.04% to ¥925,416,662.27, indicating a rise in finished goods stock[6].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥532,394,211.33, representing a year-on-year increase of 7.42%[4] - The total profit for the period was ¥188,334,696.64, reflecting a growth of 7.97% compared to the same quarter last year[4] - The net profit attributable to shareholders was ¥131,305,687.41, an increase of 8.55% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥114,961,419.15, up by 11.12% from the previous year[4] - The basic earnings per share for the quarter stood at ¥0.3149, marking an increase of 8.55%[5] - The net profit for the first three quarters of 2025 reached CNY 411,190,634.94, an increase of 3.6% compared to CNY 396,751,387.43 in the same period of 2024[17] - The total operating profit for the first three quarters of 2025 was CNY 553,939,461.26, up from CNY 528,681,787.44 in 2024, reflecting a growth of 4.8%[17] - The basic and diluted earnings per share for the current period were both CNY 0.9217, compared to CNY 0.8902 in the previous year, indicating an increase of 3.6%[18] - The company reported a total profit of CNY 555,386,570.93 for the first three quarters of 2025, compared to CNY 533,737,193.54 in 2024, marking an increase of 4.0%[17] Assets and Liabilities - The total assets of the company as of the end of the reporting period were ¥6,074,550,128.50, a rise of 5.47% from the end of the previous year[5] - Total assets increased to ¥6,074,550,128.50 as of September 30, 2025, from ¥5,759,673,023.51 at the end of 2024, showing a growth of approximately 5.5%[14] - The company's total liabilities rose to ¥1,045,433,061.59 in 2025, compared to ¥1,008,327,711.54 in 2024, indicating a year-over-year increase of about 3.7%[14] - The total equity attributable to shareholders increased to ¥4,717,464,368.90 in 2025 from ¥4,466,609,264.96 in 2024, reflecting a growth of approximately 5.6%[14] Cash Flow - The company reported a cash flow from operating activities of ¥529,923,348.68 for the year-to-date, which is a 6.07% increase compared to the previous year[4] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 529,923,348.68, compared to CNY 499,603,447.03 in 2024, representing a growth of 6.1%[20] - Cash and cash equivalents as of September 30, 2025, amounted to ¥193,928,652.17, compared to ¥160,397,009.26 at the end of 2024, indicating improved liquidity[11] - The cash and cash equivalents at the end of the period stood at CNY 193,928,652.17, a decrease from CNY 305,508,537.10 at the end of the previous year[20] - The total cash inflow from investment activities was CNY 1,758,334,151.94, down from CNY 2,622,473,891.91 in the same period last year, reflecting a decline of 32.9%[20] - The net cash flow from investment activities was negative at CNY -360,427,402.06, compared to CNY -181,573,067.94 in the previous year, indicating a worsening of 98.7%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,517[9] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥1,048,356,877.72, up from ¥1,008,754,561.35 in 2024, reflecting a year-over-year increase of 3.9%[16] - Research and development expenses are not detailed in the provided data, but management expenses increased to ¥62,392,053.65 in 2025 from ¥57,054,331.12 in 2024, suggesting a focus on operational efficiency[16] - The company incurred a credit impairment loss of CNY -955,460.75, a significant improvement from a loss of CNY 1,631,754.01 in the previous year[17] Employee Compensation - The company reported a decrease in employee compensation liabilities from ¥229,038,194.15 in 2024 to ¥198,947,544.19 in 2025, indicating a reduction of about 13.2%[13] Capital Structure - The company has maintained a stable capital structure with no changes in paid-in capital, remaining at ¥416,934,000.00 since 2024[13]

Revenue and Profit - Q3 2025 revenue was CNY 14,843,133.53, a decrease of 14.26% year-over-year[5] - Net profit attributable to shareholders was CNY 1,071,232.21, down 63.61% compared to the same period last year[5] - Net profit excluding non-recurring items was CNY 185,210.50, a decline of 95.52% year-over-year[5] - Total operating revenue decreased to ¥44,455,888.47 from ¥51,272,806.21, representing a decline of approximately 13.5% year-over-year[19] - Net profit for the period was ¥11,691,105.89, down from ¥12,560,160.24, reflecting a decrease of approximately 6.9% year-over-year[19] - Basic earnings per share decreased to ¥0.0154 from ¥0.0165, a decline of approximately 6.7% year-over-year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,733,256,341.86, an increase of 0.43% from the end of the previous year[5] - Total current assets decreased from 261,076,464.24 CNY to 209,854,126.43 CNY, a decline of approximately 19.6%[17] - Total assets increased slightly from 1,725,892,010.99 CNY to 1,733,256,341.86 CNY, reflecting a growth of about 0.4%[17] - Total liabilities decreased to ¥25,836,477.55 from ¥27,879,688.84, a reduction of approximately 7.3% year-over-year[18] - Total equity increased to ¥1,707,419,864.31 from ¥1,698,012,322.15, reflecting a growth of about 0.1% year-over-year[18] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 30,355,466.60, an increase of 16.94%[5] - Operating cash flow increased to ¥30,355,466.60 from ¥25,958,014.94, marking an increase of about 16.5% year-over-year[21] - Cash inflow from investment activities was ¥472,145,565.51, down from ¥672,721,901.64, a decrease of approximately 29.8% year-over-year[21] - The net increase in cash and cash equivalents was approximately -$113,033.36, compared to a significant decrease of -$60.54 million in the previous period[22] - The ending balance of cash and cash equivalents was approximately $19.68 million, a decrease from $15.63 million in the previous period[22] Investments and Income - Investment income increased by 130.56% year-over-year, primarily due to higher returns from financial product investments[12] - The company reported an investment income of ¥2,034,356.03, compared to a loss of ¥6,656,302.20 in the previous period[19] - Other operating income grew by 232.33% year-over-year, mainly from increased deposits and penalties[12] Shareholder Information - Yang Wenjiang holds 104,041,521 shares, accounting for 13.67% of the total share capital, with 71,847,655 shares held through a margin account[14] - The company has pledged 16,650,000 shares, which is 16.00% of Yang Wenjiang's total holdings, representing 2.19% of the total share capital[14] - The total number of shareholders holding more than 5% of shares remains undisclosed, with no known relationships among the top ten shareholders[13] Other Financial Metrics - The weighted average return on equity was 0.06%, down 0.11% from the previous year[5] - The company reported a 55.83% decrease in accounts receivable compared to the beginning of the year, attributed to the collection of ATM-related business payments[12] - The company's fixed assets increased by 37.48% compared to the beginning of the year, mainly due to property acquisitions[12] - The company's cash and cash equivalents decreased from 19,788,473.60 CNY to 19,677,140.24 CNY, a reduction of about 0.56%[17] - The company's investment properties decreased from 674,234,452.27 CNY to 661,872,303.49 CNY, a decline of approximately 1.8%[17] - The total non-current assets increased from 1,464,815,546.75 CNY to 1,523,402,215.43 CNY, an increase of about 4.0%[17] - The company’s accounts receivable decreased from 3,213,165.35 CNY to 1,419,381.35 CNY, a drop of approximately 55.8%[17] Audit and Future Plans - The third quarter financial report was not audited, which may affect the reliability of the reported figures[23] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[24]

Financial Performance - The company's operating revenue for the third quarter was ¥72,572,690.82, representing a year-on-year increase of 4.59%[3] - The total profit for the period was -¥70,268,023.90, with a year-to-date total profit of -¥213,212,490.77[3] - The net profit attributable to shareholders was -¥70,281,231.03 for the quarter, and -¥213,226,329.76 year-to-date[3] - The basic earnings per share for the quarter was -¥0.58, with a year-to-date figure of -¥1.76[4] - Total operating revenue for the first three quarters of 2025 reached ¥225,078,512.67, an increase of 7.4% compared to ¥209,535,215.72 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was -¥213,226,329.76, an improvement from -¥293,458,565.26 in the same period of 2024[24] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥1.76, compared to -¥2.42 in the same period of 2024[24] Expenses and Costs - Research and development expenses totaled ¥60,184,279.51, accounting for 82.93% of operating revenue, a decrease of 10.61 percentage points compared to the previous year[4] - Research and development expenses for the first three quarters of 2025 were ¥148,102,549.77, down from ¥166,506,881.66 in the same period of 2024, a decrease of 11.0%[22] - Total operating costs decreased to ¥464,838,467.98 from ¥533,643,380.97, representing a reduction of approximately 12.9%[22] - Sales expenses decreased to ¥112,737,845.94 from ¥155,234,087.05, reflecting a reduction of 27.3%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,173,166,353.91, a decrease of 15.98% from the end of the previous year[4] - The equity attributable to shareholders was ¥894,455,777.16, down 18.59% from the previous year[4] - Total assets as of September 30, 2025, amounted to CNY 1,173,166,353.91, a decrease from CNY 1,396,260,210.59 as of December 31, 2024[16] - The total liabilities decreased to ¥278,710,576.75 from ¥301,818,617.33, a decline of approximately 7.6%[19] - Owner's equity attributable to shareholders decreased to ¥894,455,777.16 from ¥1,098,727,497.90, a decrease of about 18.6%[19] - The total assets decreased to ¥1,173,166,353.91 from ¥1,396,260,210.59, indicating a reduction of approximately 15.9%[19] Cash Flow - The cash flow from operating activities for the year-to-date was -¥185,865,807.89, reflecting efforts to improve accounts receivable collection[3][10] - Cash inflow from operating activities totaled ¥352,986,104.38, up from ¥292,162,610.22 in the first three quarters of 2024, marking a growth of 20.8%[24] - The net cash flow from operating activities was -$185.87 million, an improvement from -$317.60 million in the previous period, indicating a reduction in cash outflow[25] - Total cash inflow from investment activities was $2.83 billion, compared to $2.69 billion in the prior period, showing an increase of approximately 5%[25] - The net cash flow from investment activities was $74.60 million, down from $338.35 million, reflecting a significant decrease of about 78%[25] - Cash inflow from financing activities totaled $53.24 million, an increase from $40 million in the previous period, representing a growth of 33%[25] - The net cash flow from financing activities was -$20.90 million, worsening from -$14.50 million, indicating increased cash outflow[25] - The total cash and cash equivalents at the end of the period were $409.93 million, down from $358.46 million, showing a decrease of approximately 12%[25] Shareholder Information - The company completed the first vesting period of its 2023 restricted stock incentive plan, adding 6,400 unrestricted shares[14] - The top ten shareholders hold a combined 43.27% of the total shares, with the largest shareholder owning 9.22%[12] - The company reported a total of 121,135,916 shares outstanding after the stock incentive plan adjustment[14] - The company has not engaged in any share lending or borrowing activities during the reporting period[14] Government Subsidies - The company received government subsidies amounting to ¥10,798,840.47, related to software product tax refunds[8] Inventory and Receivables - Cash and cash equivalents decreased to CNY 409,935,125.85 from CNY 583,266,679.07, reflecting a decline of approximately 29.7%[16] - Accounts receivable decreased to CNY 266,385,068.77 from CNY 334,107,519.36, representing a reduction of about 20.2%[16] - Inventory increased to CNY 68,269,079.51 from CNY 51,607,842.01, indicating an increase of approximately 32.2%[17] Non-Recurring Gains - The company reported a total of ¥2,122,011.49 in non-recurring gains for the period[7]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,444,967,988.51, representing a year-on-year increase of 9.31%[4] - Total profit for the quarter was ¥368,187,375.93, reflecting a growth of 9.04% compared to the same period last year[4] - Net profit attributable to shareholders was ¥318,272,254.44, an increase of 8.69% year-on-year[4] - The basic earnings per share for the quarter stood at ¥1.41, up by 8.46% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,944,274,904.09, an increase of 14.7% compared to ¥3,439,073,688.39 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥1,021,026,993.11, up from ¥893,191,608.00 in 2024, reflecting a growth of 14.3%[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥887,693,879.97, compared to ¥774,767,524.51 in 2024, representing an increase of 14.6%[20] - Earnings per share for the first three quarters of 2025 was ¥3.95, up from ¥3.44 in the same period of 2024[20] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥8,361,532,519.76, marking a 6.96% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to CNY 5,182,932,163.60, a decrease from CNY 5,319,265,734.02 as of December 31, 2024, reflecting a decline of approximately 2.57%[15] - Total non-current assets as of September 30, 2025, were CNY 3,178,600,356.16, up from CNY 2,498,485,615.82, reflecting an increase of about 27.27%[16] - Total liabilities as of the end of the reporting period were ¥2,580,291,234.68, up from ¥2,469,460,524.28 in the previous year, marking an increase of 4.5%[17] - Total current liabilities amounted to CNY 2,334,477,119.40, a slight increase from CNY 2,266,158,040.82, representing an increase of about 3.01%[16] Shareholder Information - The company had a total of 20,896 common shareholders at the end of the reporting period[10] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares, totaling 84,000,000 shares[10] - Total equity attributable to shareholders of the parent company was ¥5,726,345,906.08, compared to ¥5,288,328,855.22 in 2024, reflecting a growth of 8.3%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,068,302,235.97, showing an increase of 11.97%[5] - Cash flow from operating activities for the first three quarters of 2025 was ¥1,068,302,235.97, compared to ¥954,131,644.93 in 2024, indicating an increase of 11.9%[22] - The net cash flow from investing activities was -$660.63 million, compared to -$97.11 million in the previous period, indicating a significant increase in cash outflow[23] - Total cash and cash equivalents at the end of the period amounted to $294.12 million, down from $999.47 million at the end of the previous period[23] - Cash flow from financing activities resulted in a net outflow of -$456.14 million, slightly higher than the previous period's outflow of -$449.75 million[23] Investment and Expenses - Research and development expenses for the first three quarters of 2025 were ¥141,812,101.11, an increase from ¥122,026,246.42 in 2024, indicating a growth of 16.3%[19] - The company reported a total investment cash outflow of $4.01 billion, compared to $1.37 billion in the previous period, reflecting increased investment activities[23] - The company distributed dividends and interest payments totaling $456.14 million, slightly up from $450.25 million in the previous period[23] Other Financial Information - Non-recurring gains and losses for the quarter totaled ¥6,942,973.40, with a year-to-date total of ¥20,720,972.34[8] - Other comprehensive income after tax for the first three quarters of 2025 was ¥323,170.89, compared to ¥189,516.65 in 2024, showing an increase of 70.4%[20] - The impact of exchange rate changes on cash and cash equivalents was a positive $15.52 million, contrasting with a negative impact of -$1.03 million in the previous period[23] - The company is set to implement new accounting standards starting in 2025, which may affect future financial reporting[24]

Financial Performance - The company's operating revenue for the third quarter was ¥18,124,070.34, a decrease of 55.83% compared to the same period last year[5] - The net profit attributable to shareholders was -¥9,303,272.58, representing a decline of 227.68% year-on-year[5] - The basic earnings per share were -¥0.02, down 200.00% from the previous year[5] - Operating revenue decreased by 47.95% to ¥68,537,376.63 compared to ¥131,680,250.55 in the same period last year, primarily due to reduced income from new materials and new energy projects[11] - The net profit for the current period is -20,537,560.74, compared to -10,314,153.74 in the previous period, indicating a significant increase in losses[21] - The total comprehensive income attributable to the parent company is -21,151,243.04, compared to -10,304,901.94 in the previous period[21] - The total operating profit is -19,717,394.20, compared to -5,414,273.36 in the previous period, indicating a worsening operational performance[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥269,967,356.95, a decrease of 26.53% from the end of the previous year[5] - The owner's equity attributable to shareholders decreased by 36.60% to ¥35,811,148.04 compared to the end of the previous year[5] - The total assets decreased to CNY 269,967,356.95 from CNY 367,428,347.16, a reduction of about 27%[18] - The total liabilities decreased to CNY 218,603,825.86 from CNY 296,987,746.83, reflecting a decline of approximately 26%[18] - The equity attributable to the parent company decreased to CNY 35,811,148.04 from CNY 56,481,899.58, a decrease of about 37%[18] Cash Flow - Cash flow from operating activities showed a net outflow of -¥4,740,794.33, an increase of 79.80% in outflow compared to the previous year[5] - The net cash flow from operating activities is -4,740,794.33, an improvement from -23,466,823.73 in the previous period[22] - The cash flow from investing activities shows a net outflow of -5,216,799.07, slightly better than -5,730,930.78 in the previous period[23] - The cash flow from financing activities resulted in a net outflow of -15,145,107.23, compared to a net inflow of 7,797,283.00 in the previous period[23] - The cash and cash equivalents at the end of the period stand at 4,107,169.81, down from 14,310,463.09 in the previous period[23] Expenses - Operating costs also fell by 47.62% to ¥66,112,261.42, reflecting the decrease in operating revenue[11] - Research and development expenses dropped significantly by 86.09% to ¥201,113.05, indicating a reduction in R&D investment[11] - Management expenses surged by 336.43% to ¥17,363,669.17, mainly due to the reversal of previously amortized stock payment expenses from the prior year's employee stock incentive plan[11] - The company reported a 217.88% increase in income tax expenses, amounting to ¥253,752.05, due to higher current and deferred tax provisions[11] - Tax payments surged by 349.21% to ¥9,861,466.55, primarily due to increased corporate income tax and value-added tax payments[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,830, with the largest shareholder holding 19.10% of the shares[13] - The largest shareholder, Chen Zehong, holds 81,387,013 shares, with 67,347,567 shares pledged[13] Other Financial Metrics - The company reported a significant increase in other income, rising by 1698.66% to ¥1,356,306.26, attributed to gains from a commercial bill litigation settlement[11] - The company experienced a substantial decrease in short-term borrowings, which fell by 86.99% to ¥3,027,541.09, primarily due to repayment of loans[10] - The company reported a net loss of CNY 18,742.50 from investment activities during the current period[19] - The company's cash and cash equivalents decreased to CNY 4,107,169.81 from CNY 29,209,870.44, indicating a decline of about 86%[16] - Accounts receivable increased to CNY 93,067,518.39 from CNY 77,929,269.50, representing a growth of approximately 19%[16] - The company plans to lift the trading restrictions on 67,347,567 shares, which represents 15.81% of the total share capital, effective October 20, 2025[15]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,947,164,444.92, representing a year-on-year increase of 32.42%[5] - Net profit attributable to shareholders was ¥102,658,486.21, a significant increase of 300.88% compared to the same period last year[5] - The basic earnings per share rose to ¥0.06, reflecting a 300% increase year-on-year[5] - The total operating revenue for the current period reached ¥5,373,027,880.87, an increase of 23.5% compared to ¥4,351,489,626.62 in the previous period[25] - The total operating profit (loss) for the current period was -69,532,843.86, an improvement from -356,570,163.63 in the previous period[26] - Net profit (loss) attributable to shareholders of the parent company was 131,491,435.36, compared to a loss of -31,602,075.54 in the previous period[26] - The total comprehensive income for the current period was 117,837,250.72, compared to -302,356,758.34 in the previous period[27] - Basic and diluted earnings per share for the current period were 0.08, compared to -0.02 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,982,193,640.33, up 9.61% from the end of the previous year[5] - The total liabilities amounted to ¥9,135,808,130.62, up from ¥8,091,938,591.17, reflecting a growth of 12.9%[23] - The company’s total equity attributable to shareholders increased by 9.26% to ¥5,392,352,222.81 compared to the end of the previous year[5] - Accounts receivable increased to ¥2,340,933,823.47 from ¥1,912,936,504.44, marking a rise of 22.4%[21] - Inventory levels rose to ¥938,577,964.65, up from ¥770,964,625.43, reflecting an increase of 21.8%[21] Cash Flow - The company reported a cash flow from operating activities of -¥121,800,538.45, indicating a decline of 194.22% year-to-date[5] - Cash flow from operating activities generated a net outflow of -121,800,538.45, a decrease from a net inflow of 129,278,209.68 in the previous period[29] - Cash flow from investing activities resulted in a net outflow of -555,216,047.77, compared to -1,133,569,522.52 in the previous period[30] - Cash flow from financing activities generated a net inflow of 904,576,740.05, an increase from 123,333,323.60 in the previous period[30] - The ending cash and cash equivalents balance was 676,900,236.78, down from 1,003,157,597.90 in the previous period[30] Borrowings and Liabilities - The company's short-term borrowings increased by 187.81% to ¥438,252,396.05 due to additional bank loans[9] - Short-term borrowings increased significantly to ¥438,252,396.05 from ¥152,273,894.78, a rise of 187.5%[22] - Cash repaid for debts decreased by 35.32% to approximately ¥980.67 million, indicating a reduction in loan repayments during the reporting period[13] Investments - The company recorded an investment income of ¥30,659,542.23, a substantial increase of 248.44% year-on-year[11] - Cash recovered from investments surged by 135.82% to approximately ¥1.65 billion, attributed to the redemption of financial products[13] - Cash received from investment income skyrocketed by 538.63% to approximately ¥131.38 million, mainly from the sale of Ruvi Optoelectronics shares[13] - Cash paid for investments increased by 65.63% to approximately ¥1.64 billion, primarily due to increased purchases of financial products[13] Other Financial Metrics - The company's contract liabilities rose by 101.20% to ¥91,542,846.91, attributed to increased customer prepayments[9] - The company’s deferred tax assets increased by 32.08% to ¥455,508,326.29, primarily due to losses from subsidiaries that were not expected to be recoverable[9] - Tax refunds received increased by 138.68% to approximately ¥41.76 million due to export tax rebates received during the reporting period[13] - Cash received from other operating activities rose by 38.99% to approximately ¥97.87 million, primarily due to an increase in government subsidies related to assets[13] - The impact of exchange rate fluctuations on cash and cash equivalents increased by 211.17% to approximately ¥16.67 million, attributed to exchange rate volatility[13] Shareholder Information - The top shareholder, Qiu Xingya, holds 13.79% of shares, with 234,462,652 shares, of which 55,450,000 are pledged[16] - The company issued a total of 26.89 million convertible bonds, with a total amount of ¥268.90 million, which were fully redeemed upon maturity[17] Operating Costs - The total operating costs amounted to ¥5,401,258,454.53, up from ¥4,672,630,219.53, reflecting a rise of 15.6%[25] - The operating cost specifically increased to ¥4,305,503,839.67, compared to ¥3,656,451,554.70, indicating a growth of 17.7%[25] - Research and development expenses were ¥356,365,016.10, which is an increase from ¥320,908,889.18, showing a growth of 11.0%[25] Cash and Equivalents - The cash and cash equivalents stood at ¥822,171,822.08, compared to ¥617,907,207.55, representing a growth of 33.0%[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥249,279,677.65, representing a year-on-year increase of 0.78% and a cumulative increase of 40.65% year-to-date[5] - The net profit attributable to shareholders for Q3 2025 was ¥5,523,509.12, a decrease of 76.08% compared to the same period last year, while the year-to-date net profit increased by 196.44% to ¥19,590,122.87[5] - The basic earnings per share for Q3 2025 was ¥0.0073, down 76.22% year-on-year, while the year-to-date figure was ¥0.0260, up 196.30%[5] - Total revenue for the current period reached ¥716,584,781.51, a significant increase of 40.7% compared to ¥509,494,116.38 in the previous period[23] - Net profit for the current period was ¥17,986,109.95, recovering from a net loss of ¥21,436,054.26 in the previous period[24] - Basic earnings per share for the current period was ¥0.0260, compared to a loss of ¥0.027 in the previous period[24] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥930,687,266.92, reflecting a 3.08% increase from the end of the previous year[5] - Total assets increased to ¥930,687,266.92, compared to ¥902,917,385.86 in the previous period, reflecting a growth of 3.1%[22] - Total liabilities rose to ¥650,637,695.50, up from ¥638,259,447.13, indicating a growth of 1.9%[22] - The equity attributable to shareholders increased by 6.65% year-on-year to ¥271,483,653.90[5] - The equity attributable to shareholders of the parent company increased to ¥271,483,653.90, compared to ¥254,545,412.70, marking a rise of 6.5%[22] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥84,854,587.36, an increase of 14.12%[5] - Operating cash flow for the current period is ¥84,854,587.36, an increase of 14.8% compared to ¥74,352,366.58 in the previous period[25] - Total cash inflow from operating activities is ¥797,434,263.52, up from ¥573,131,210.06, reflecting a growth of 39.2%[25] - Cash outflow from operating activities is ¥712,579,676.16, compared to ¥498,778,843.48, representing an increase of 43%[25] - The net increase in cash and cash equivalents for the period is ¥82,386,536.40, compared to ¥32,920,659.84 in the previous period, marking a growth of 150%[26] - The ending balance of cash and cash equivalents is ¥260,584,716.38, up from ¥153,798,732.09, reflecting a year-over-year increase of 69.4%[26] Inventory and Receivables - The company's inventory decreased by 32.55% to ¥16,599,301.91, primarily due to reduced sales[10] - Accounts receivable decreased to 4,119,398.01 RMB from 5,393,514.80 RMB, a decline of about 23.6%[20] - Inventory decreased to 16,599,301.91 RMB from 24,610,844.16 RMB, representing a reduction of approximately 32.6%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,802[13] - The largest shareholder, Huabao Trust Co., holds 28.33% of shares, totaling 213,115,525 shares[13] - The company has not confirmed any relationships or concerted actions among its top shareholders[13] Legal and Governance - The company has 371 ongoing securities false statement liability disputes, with a total litigation amount of 179 million RMB[14] - The company is preparing to appeal a court ruling regarding a pledge contract dispute with Xiamen International Bank[15] - The company appointed a new independent director, You Xinquan, following the resignation of Wang Didi after six years of service[16] - The company has not undergone an audit for the third quarter financial report[27] Operational Costs - Total operating costs amounted to ¥670,311,596.47, up 46.8% from ¥456,314,380.84 in the prior period[23] - The company reported a decrease in financial expenses to ¥7,409,722.13 from ¥11,839,671.22, a reduction of 37.5%[23] - The financial expenses decreased by 37.42% to ¥7,409,722.13, attributed to a reduction in interest-bearing debt costs[10] - The company’s cash flow from operating activities improved, contributing positively to the overall financial health[23] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[23]

Financial Performance - The company's operating revenue for Q3 2025 was ¥89,926,823.81, a decrease of 2.67% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 22.23% year-on-year, amounting to -¥34,388,630.64[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 11.41%, totaling -¥37,113,547.34[5]. - Total operating revenue for the current period is $245.97 million, a decrease of 0.78% from $247.91 million in the previous period[18]. - Net profit for the current period is -$106.31 million, compared to -$70.30 million in the previous period, indicating a significant increase in losses[19]. - Basic and diluted earnings per share for the current period are both -$0.05, compared to -$0.04 in the previous period[19]. Cash Flow - The cash flow from operating activities showed a net increase of 37.99%, with a total of -¥107,354,267.38 year-to-date[5][9]. - The net cash flow from operating activities is -$107.35 million, an improvement from -$173.12 million in the previous period[20]. - The company received cash from operating activities totaling $266.26 million, slightly up from $265.35 million in the previous period[21]. - The company reported a net cash outflow from investing activities of -$2.23 million, an improvement from -$8.28 million in the previous period[22]. - The net cash inflow from financing activities was $51.37 million, a decrease from $219.58 million in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,659,318,316.24, down 8.92% from the end of the previous year[5]. - The total assets of Shandong Oriental Ocean Technology Co., Ltd. decreased from CNY 1,821,861,787.75 at the beginning of the period to CNY 1,659,318,316.24 at the end of the period, representing a decline of approximately 8.93%[15]. - The company's current assets decreased from CNY 726,152,680.12 to CNY 625,047,207.74, a reduction of about 13.9%[15]. - The total liabilities decreased from CNY 379,993,273.72 to CNY 324,171,966.56, a decline of about 14.7%[16]. - The company's total equity decreased from CNY 1,441,868,514.03 to CNY 1,335,146,349.68, a reduction of approximately 7.4%[16]. Shareholder Information - The equity attributable to shareholders decreased by 7.37% to ¥1,326,023,397.36 compared to the previous year-end[5]. - The total number of ordinary shareholders at the end of the reporting period was 72,503[10]. Inventory and Receivables - The inventory increased from CNY 220,092,916.76 to CNY 256,585,816.53, reflecting a growth of approximately 16.6%[15]. - The accounts receivable increased from CNY 75,195,699.15 to CNY 79,646,848.69, an increase of about 5.8%[15]. Government Support - The company received government subsidies amounting to ¥2,640,531.29 during the reporting period[6]. Earnings and Losses - The company's gross profit margin declined significantly, primarily due to a 62.56% drop in sea cucumber revenue and a 76.13% decrease in testing and reagent kit revenue[9]. - The retained earnings showed a negative balance, increasing from CNY -2,528,852,997.48 to CNY -2,634,256,073.40, indicating a further loss[16].