兰州丽尚国潮实业集团股份有限公司 2025 年第三季度报告 证券代码：600738 证券简称：丽尚国潮 兰州丽尚国潮实业集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 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 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 153,880,141.58 | -4 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥88,409,977.28, representing a year-on-year increase of 111.74%[4] - The total profit for the quarter was ¥7,478,150.53, marking a significant recovery from a loss of ¥8,934,192.05 in the previous year[4] - Net profit attributable to shareholders was ¥8,885,828.38, compared to a loss of ¥6,879,171.36 in the same period last year[4] - Basic and diluted earnings per share for the quarter were both ¥0.02, a recovery from a loss of ¥0.02 per share in the prior year[5] - The weighted average return on equity increased to 9.13%, up by 15.22 percentage points from the previous year[5] - The net profit excluding non-recurring gains and losses was -¥1,434,972.34, indicating a significant reduction in losses compared to -¥15,993,693.33 in the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥177,617,157.72, an increase of 8.0% compared to ¥163,331,118.11 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was a loss of ¥8,310,766.54, an improvement from a loss of ¥9,117,381.00 in the same period of 2024[19] - The total comprehensive income for the first three quarters of 2025 was a loss of ¥8,297,507.42, compared to a loss of ¥9,111,252.87 in 2024, indicating a trend towards improved financial performance[20] Cash Flow and Investments - The net cash flow from operating activities was ¥5,432,246.39, showing a positive trend compared to previous periods[4] - The net cash flow from operating activities for the first three quarters of 2025 was ¥21,214,961.64, a significant recovery compared to a negative cash flow of ¥17,314,873.82 in 2024[23] - The company reported a decrease in sales expenses, which were ¥25,620,897.14 in 2025 compared to ¥12,174,491.14 in 2024, indicating a strategic focus on cost management[18] - The company’s investment losses decreased to ¥-1,667,166.52 in 2025 from ¥-3,344,483.74 in 2024, showing an improvement in investment performance[19] - Net cash flow from investing activities was -$5,392,731.43, compared to -$1,696,610.78 in the previous period, indicating a significant increase in cash outflow[24] Assets and Liabilities - Total assets at the end of the quarter were ¥919,154,508.80, reflecting a 3.70% increase from the end of the previous year[5] - Current assets total 502,079,948.81 RMB, compared to 461,246,888.78 RMB in the previous year, reflecting a growth of approximately 8.5%[14] - Inventory stands at 310,160,910.85 RMB, up from 266,609,989.33 RMB, indicating an increase of about 16.3%[14] - Total liabilities are reported at 783,026,011.34 RMB, compared to 747,609,625.01 RMB in the previous year, showing an increase of approximately 4.7%[15] - The company has short-term borrowings of 75,088,472.22 RMB, down from 80,104,805.55 RMB, indicating a decrease of about 12.6%[15] - The company has a total of 106,290,924.66 RMB in contract liabilities, an increase from 91,328,468.27 RMB, reflecting a growth of approximately 16.4%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,948[11] - The largest shareholder, Haikou State-owned Assets Management Co., Ltd., holds 60,407,815 shares, accounting for 13.48% of the total shares[11] - The total equity attributable to shareholders decreased by 6.34% to ¥101,489,928.91 compared to the end of the previous year[5] - The total equity attributable to shareholders remains stable at 448,200,000.00 RMB[15] - The company has not reported any significant changes in shareholder relationships or actions regarding share lending[12] Accounting and Standards - The company did not apply new accounting standards starting from 2025, as indicated in the announcement[25]

Financial Projections - The estimated net profit for 2025 is projected to be positive and on an upward trend, with a range of approximately 1,651,809.83 million CNY[4] - The net profit attributable to shareholders is expected to grow by 23.59% compared to the previous year, reaching approximately 1,336,565.10 million CNY[4] - The net profit after deducting non-recurring gains and losses is projected to increase by 18.36% year-on-year, amounting to about 1,169,430.56 million CNY[4] - The basic earnings per share (EPS) is estimated to be 2.28 CNY, compared to 2.37 CNY in the previous year[4] - The financial data in the performance forecast has not been audited by registered accountants, and the final figures will be disclosed in the 2025 annual report[5][8] Strategic Initiatives - The company will continue to deepen its globalization strategy and enhance its global manufacturing solutions to meet regional market demands[6] - There will be a focus on "underlying capability innovation" and "smart manufacturing upgrades" to improve cost control and production efficiency[7] - The company plans to expand its diversified business, increasing investments in emerging fields such as AI hardware, data center interconnectivity, thermal management, smart vehicles, and robotics[7] Investor Guidance - The company emphasizes the importance of cautious decision-making and awareness of investment risks for investors[8] - The announcement was made by the Board of Directors on October 30, 2025[10]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥167,844,331.71, representing a significant increase of 440.34% compared to the same period last year[3] - The total profit for the quarter was ¥259,615.29, up 101.05% year-on-year, while the net profit attributable to shareholders was a loss of ¥2,736,368.18, an improvement of 89.20% compared to the previous year[3] - The basic and diluted earnings per share for the quarter were both -¥0.00, showing an increase of 94.02% compared to the same period last year[3] - The net loss for the first three quarters of 2025 was ¥36,280,775.68, an improvement from a net loss of ¥91,500,797.96 in the same period of 2024[21] - The company's operating profit for the first three quarters of 2025 was reported at -¥39,235,113.58, compared to -¥75,408,561.05 in 2024, showing a reduction in losses[21] - The basic earnings per share for the first three quarters of 2025 was reported at -¥0.04, an improvement from -¥0.22 in the same period of 2024[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,910,785,645.56, reflecting a growth of 62.95% from the end of the previous year[4] - The total assets of the company amounted to ¥1,910,785,645.56, while total liabilities were ¥1,315,418,368.71, resulting in total equity of ¥595,367,276.84[18] - As of September 30, 2025, the company's total current assets amounted to RMB 1,038,146,236.90, an increase from RMB 970,516,783.37 at the end of 2024[16] - The company’s fixed assets increased to ¥114,798,359.64, up from ¥57,406,904.38, reflecting a growth of approximately 100%[18] - The company’s goodwill stood at ¥481,328,928.40, indicating a substantial investment in intangible assets[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥63,458,559.53, indicating a decline of 1,395.07% compared to the previous year[3] - The company reported a significant increase in cash flow from operating activities, with a net cash inflow of ¥2,843,362.46 for the first three quarters of 2025[21] - Cash inflow from operating activities for the first three quarters of 2025 reached ¥193,354,629.68, a significant increase from ¥121,570,601.32 in the same period of 2024, representing a growth of approximately 59%[25] - The net cash flow from operating activities for the first three quarters of 2025 was -¥63,458,559.53, compared to -¥4,244,528.87 in the first three quarters of 2024, indicating a decline in operational cash generation[26] - Total cash outflow from operating activities increased to ¥256,813,189.21 in 2025 from ¥125,815,130.19 in 2024, reflecting a rise of about 104%[26] - The ending cash and cash equivalents balance for the first three quarters of 2025 was ¥188,641,130.63, down from ¥7,128,824.88 in 2024[27] Investments and Acquisitions - The company completed the acquisition of 50.11% equity in Anhui Niwei Automotive Power System Co., Ltd., which contributed to the significant increase in revenue and total assets[7] - The company completed the acquisition of 50.11% equity in Niwei Power, officially entering the new energy hybrid vehicle metal high-pressure fuel tank business[12] - The company signed a share transfer agreement for 100% equity of its wholly-owned subsidiary, Zhongwei International Engineering Design Co., Ltd., for a transaction price of RMB 360,000[15] - Cash inflow from investment activities in the first three quarters of 2025 was ¥159,641,763.08, a substantial increase from ¥2,923,977.75 in 2024[26] - The net cash flow from investment activities for the first three quarters of 2025 was -¥38,413,874.90, compared to -¥4,555,788.78 in 2024, indicating a worsening investment cash position[26] - The total cash outflow for investment activities surged to ¥198,055,637.98 in 2025 from ¥7,479,766.53 in 2024, indicating a dramatic increase in investment expenditures[26] Business Strategy and Development - The company plans to continue expanding its construction business and focus on integrating the newly acquired subsidiary into its operations[8] - The company has transformed its business structure from construction to industrial manufacturing, focusing on core components for new energy vehicles, enhancing competitiveness and achieving high-quality development[13] - The company established joint ventures for automotive pressure sensor modules and inertial measurement units, promoting integration of green technology and advanced electronics[14] - The company aims to leverage synergies between Niwei Power and its subsidiaries to accelerate development in the semiconductor sector[14] - The company has rebranded itself as Danyang Shunjing Intelligent Technology Co., Ltd. to enhance brand recognition and market influence[13] Financial Adjustments - Non-recurring gains and losses for the quarter included ¥1,127,096.65 from debt restructuring, contributing to the overall financial performance[6] - The company reported a weighted average return on equity of -0.32%, an increase of 6.55 percentage points compared to the previous year[3] - The company’s financial expenses decreased to ¥10,574,046.79 in 2025 from ¥23,608,190.00 in 2024, representing a reduction of about 55%[21] - The company has adopted new accounting standards starting in 2025, which may impact the financial reporting and analysis moving forward[28]

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。 苏州柯利达装饰股份有限公司 2025 年第三季度报告 证券代码：603828 证券简称：ST 柯利达 苏州柯利达装饰股份有限公司 2025 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 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 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 292,296,880.09 | -47.9 ...

立讯精密工业股份有限公司 2025 年第三季度报告 证券代码：002475 证券简称：立讯精密 公告编号：2025-132 债券代码：128136 债券简称：立讯转债 立讯精密工业股份有限公司 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 （二） 非经常性损益项目和金额 一、主要财务数据 适用□不适用 （一） 主要会计数据和财务指标 1 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） | 9 ...

Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of CNY 240.35 billion, a decrease of 16.06% year-on-year[3] - For Q3 2025, the company reported operating revenue of CNY 88.69 billion, a decrease of 2.66% compared to the same period last year, marking the third consecutive quarter of sequential growth[5] - The net profit attributable to shareholders for the first three quarters of 2025 was CNY 577.17 million, down 18.94% year-on-year[5] - The company reported a total profit of CNY 704.46 million for the first three quarters, a decrease of 8.66% year-on-year[5] - Net profit for the first three quarters of 2025 was approximately ¥450.30 million, a decline of 36.4% from ¥708.03 million in 2024[20] - The total comprehensive income attributable to the parent company for the first three quarters of 2025 is CNY 496,354,321.61, a decrease of 30.2% compared to CNY 711,448,444.58 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was CNY -22.32 million, compared to CNY 426.37 million in the first three quarters of 2024, indicating a decline in profitability[29] - Net profit for the first three quarters of 2025 was CNY 127.11 million, down from CNY 445.29 million in the same period of 2024, reflecting a decrease of approximately 71.5%[30] - The company reported a gross profit margin of approximately 0.31% for the first three quarters of 2025, down from 1.35% in the same period of 2024, indicating a decline in profitability[29] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 119.86 million, down from CNY 450.52 million in the same period of 2024, indicating a decline of approximately 73.4%[30] Cash Flow and Assets - The net cash flow from operating activities for the first three quarters was CNY 1.77 billion, an increase of 5.10% year-on-year[5] - Total current assets as of September 30, 2025, amount to ¥100,759,412,458.84, an increase from ¥73,749,875,048.83[15] - Cash and cash equivalents are reported at ¥9,228,601,780.33, up from ¥8,479,400,167.04[15] - Inventory stands at ¥29,752,868,015.89, compared to ¥25,647,510,578.37 in the previous period[15] - The company has a total of ¥10,355,932,397.72 in trading financial assets, significantly up from ¥3,410,092,562.51[15] - Long-term receivables increased to ¥2,732,516,840.23 from ¥1,484,019,422.64[15] - The total cash and cash equivalents at the end of September 2025 is CNY 8,074,372,947.54, down from CNY 11,793,437,431.35 at the end of December 2024[24] - The cash inflow from operating activities totaled CNY 270,336,052,914.17 for the first three quarters of 2025, down 12.7% from CNY 309,542,960,144.06 in 2024[23] - The cash inflow from financing activities for the first three quarters of 2025 is CNY 115,059,827,695.86, a decrease from CNY 119,277,662,107.91 in 2024[24] - Total assets at the end of the reporting period reached CNY 126.39 billion, an increase of 26.78% compared to the end of the previous year[5] - The company's total assets as of September 30, 2025, were approximately ¥126.39 billion, an increase from ¥99.70 billion at the end of 2024[17] - Total liabilities increased to approximately ¥90.12 billion as of September 30, 2025, compared to ¥61.46 billion at the end of 2024[17] - Total liabilities as of September 30, 2025, amounted to CNY 55.17 billion, an increase from CNY 43.00 billion as of December 31, 2024, representing a growth of approximately 28.4%[28] - Total equity as of September 30, 2025, was CNY 23.91 billion, compared to CNY 24.86 billion as of December 31, 2024, showing a decrease of about 3.9%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 80,329[13] - Xiamen Guomao Holding Group Co., Ltd. holds 819,660,486 shares, accounting for 38.34% of total shares[13] - The number of shares held by the top 10 shareholders includes significant stakes from various institutional investors[14] - The company has no changes in the participation of major shareholders in margin trading and securities lending[15] - There are no significant changes in the shareholding structure of the top 10 unrestricted shareholders[15] Strategic Initiatives - The company plans to continue optimizing its business structure and improving operational quality in line with national development strategies[3] - The company aims to focus on its "14th Five-Year" development strategy while navigating external uncertainties and market challenges[3] Expenses and Investments - Research and development expenses for the first three quarters of 2025 were approximately ¥59.64 million, slightly up from ¥56.59 million in 2024[20] - The company reported a significant decrease in financial expenses, totaling ¥1.06 billion in 2025 compared to ¥1.66 billion in 2024, marking a reduction of 36.1%[20] - Investment income for the first three quarters of 2025 was approximately ¥942.82 million, down 38% from ¥1.52 billion in 2024[20] - The company’s long-term investments amounted to approximately ¥9.74 billion as of September 30, 2025, compared to ¥9.83 billion at the end of 2024[16] Cash Flow from Activities - Cash inflow from investment activities for the first three quarters of 2025 was approximately ¥10.82 billion, a decrease of 21.1% compared to ¥13.76 billion in the same period of 2024[32] - Cash outflow from investment activities for the first three quarters of 2025 was approximately ¥16.83 billion, down by 23.1% from ¥21.86 billion in the first three quarters of 2024[32] - Net cash flow from investment activities for the first three quarters of 2025 was approximately -¥6.01 billion, an improvement from -¥8.10 billion in the same period of 2024[32] - Total cash inflow from financing activities for the first three quarters of 2025 was approximately ¥56.09 billion, a decrease of 13.5% compared to ¥64.85 billion in the first three quarters of 2024[32] - Net cash flow from financing activities for the first three quarters of 2025 was approximately ¥1.87 billion, a significant improvement from -¥1.40 billion in the same period of 2024[32] - Cash received from investment income for the first three quarters of 2025 was approximately ¥325.63 million, a substantial increase of 321.5% compared to ¥77.20 million in the same period of 2024[32] - Cash paid for debt repayment in the first three quarters of 2025 was approximately ¥22.92 billion, a decrease of 39.6% compared to ¥37.97 billion in the same period of 2024[32] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2025[33]

东华工程科技股份有限公司 2025 年第三季度报告 证券代码：002140 证券简称：东华科技 公告编号：2025-053 东华工程科技股份有限公司 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。 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 东华工程科技股份有限公司 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 □是 否 | | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 2,011,618,150.35 | -2.23% | 6 ...

Financial Performance - Q3 2025 revenue was CNY 865,551,624.51, a decrease of 11.19% year-on-year, while year-to-date revenue increased by 2.94% to CNY 2,436,971,539.78[5] - Net profit attributable to shareholders was CNY 8,771,935.72, down 90.89% year-on-year, with year-to-date net profit decreasing by 55.49% to CNY 100,123,499.56[5] - Basic earnings per share for Q3 2025 was CNY 0.02, a decline of 90.48% compared to the same period last year[5] - Total operating revenue for the current period reached ¥2,436,971,539.78, an increase of 2.9% compared to ¥2,367,389,237.90 in the previous period[30] - Total operating costs increased to ¥2,302,439,899.95, up 9.5% from ¥2,103,055,835.76 in the previous period[30] - Net profit for the current period was ¥99,857,408.12, a decrease of 55.7% from ¥225,503,385.34 in the previous period[31] - Operating profit decreased to ¥116,633,518.21, down 52.9% from ¥247,273,837.24 in the previous period[31] - The total comprehensive income for the current period was ¥131,212,328.60, down from ¥238,969,481.34 in the previous period[31] - Basic and diluted earnings per share decreased to ¥0.22 from ¥0.49 in the previous period[31] Assets and Liabilities - Total assets increased by 12.31% year-on-year to CNY 3,792,181,315.70 as of the end of the reporting period[5] - The company's current liabilities increased to RMB 1,473,119,584.73 from RMB 1,182,588,896.44, indicating a rise in short-term financial obligations[28] - The company's total equity attributable to shareholders decreased to RMB 1,701,317,761.82 from RMB 1,720,679,007.72, indicating a slight decline in shareholder value[29] - The company reported an increase in inventory to RMB 649,791,633.36 from RMB 536,589,145.33, suggesting a buildup of stock[27] - Long-term borrowings rose to RMB 562,920,464.09 from RMB 416,522,928.34, indicating increased leverage[28] - The company’s total liabilities increased to RMB 2,097,185,874.49 from RMB 1,661,791,878.75, reflecting a rise in overall debt levels[28] Cash Flow - Cash flow from operating activities decreased by 57.74% year-on-year, attributed to profit decline and increased inventory from ramping up production in Thailand[13] - Cash flow from operating activities generated a net amount of ¥103,913,278.61, a decline of 57.7% compared to ¥245,883,858.38 in the previous period[32] - Cash flow from investing activities resulted in a net outflow of ¥411,894,723.88, worsening from a net outflow of ¥275,702,128.81 in the previous period[32] - Cash flow from financing activities generated a net inflow of ¥202,971,261.87, compared to a net inflow of ¥10,713,795.08 in the previous period[33] - The ending balance of cash and cash equivalents was ¥696,356,934.72, down from ¥836,964,784.28 in the previous period[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,163[15] - The largest shareholder, Lü Qiang, holds 37.82% of the shares, totaling 176,327,685 shares[15] - Lü Qiang and his concerted action parties hold a combined total of 223,874,485 shares, representing 48.01% of the total share capital[21] - The company’s repurchase account held 8,244,179 shares at the end of the reporting period, accounting for 1.77% of total shares[15] - The company completed a share buyback plan, repurchasing a total of 5,605,550 shares, which accounts for approximately 1.20% of the total share capital[25] - The total amount spent on share repurchases reached RMB 6,021,777.50, with the latest purchases made by major shareholders[22] - The company plans to use between RMB 80 million and RMB 160 million for future share buybacks, with a maximum repurchase price set at RMB 10.85 per share[23] - The company plans for Lü Lizhen and Ouyang Bo to increase their holdings by investing between RMB 6 million and RMB 12 million within six months starting April 9, 2025[19] - Ouyang Bo has increased his holdings by 250,000 shares, bringing his total to 14,093,800 shares, or 3.02% of the total[21] Future Outlook and Regulatory Matters - The company expects gradual improvement in performance as international trade stabilizes and overseas production capacity ramps up[10] - The company plans to issue A-shares to specific investors, with the proposal approved by the board on December 29, 2023[16] - The Shenzhen Stock Exchange accepted the company's application for issuing shares to specific investors on January 4, 2025[16] - The company received approval from the China Securities Regulatory Commission for the stock issuance on September 3, 2025[18] - The company’s board will handle the stock issuance matters within the specified timeframe and fulfill information disclosure obligations[18] - The third quarter financial report has not been audited[34] - The new accounting standards will be implemented starting from 2025[35]

Financial Performance - The company's operating revenue for Q3 2025 was ¥64,759,302.23, a decrease of 6.79% compared to the same period last year[4] - Year-to-date revenue reached ¥164,871,507.47, reflecting a decline of 22.83% year-over-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 164,871,507.47, a decrease of 22.8% compared to CNY 213,637,495.55 in the same period of 2024[20] - Total operating costs for the first three quarters of 2025 were CNY 218,287,478.62, down from CNY 285,590,476.72 in 2024, reflecting a reduction of 23.5%[20] - Net profit for the first three quarters of 2025 was a loss of CNY 49,642,549.24, an improvement from a loss of CNY 65,738,288.41 in the same period of 2024[22] - The total profit for the period was -¥8,239,298.38, with a net profit attributable to shareholders of -¥8,425,525.53[4] Earnings and Shares - The basic and diluted earnings per share for the quarter were both -¥0.18, with year-to-date figures at -¥1.05[5] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -1.05, compared to CNY -1.31 in 2024[22] - The total number of ordinary shares at the end of the reporting period is 11,101[12] - The largest shareholder, Huang Yunsong, holds 6,709,835 shares, representing 14.01% of the total shares[12] Assets and Liabilities - The total assets at the end of the reporting period were ¥392,626,802.53, down 31.96% from the previous year[4] - Total current assets decreased to ¥192,333,242.48 from ¥347,421,543.87[16] - Non-current assets total ¥200,293,560.05, down from ¥229,634,045.49[16] - Total assets amount to ¥392,626,802.53, a decline from ¥577,055,589.36[16] - Total liabilities decreased to CNY 340,908,421.42 in 2025 from CNY 489,735,448.92 in 2024, a reduction of 30.4%[18] - The company's total equity attributable to shareholders was CNY 38,166,938.57, down from CNY 87,114,373.22 in the previous year, a decline of 56.2%[18] Cash Flow - Cash flow from operating activities for the year-to-date was -¥36,792,278.49, indicating a decrease in cash flow management efficiency[5] - The net cash flow from operating activities was -$36.79 million, compared to -$20.27 million in the previous period, indicating a decline in operational cash generation[26] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 199,367,172.48, down from CNY 253,124,227.30 in 2024, a decrease of 21.3%[25] - The ending cash and cash equivalents balance decreased to $57.82 million from $106.44 million, showing a significant reduction in liquidity[27] - Cash paid to employees was $97.77 million, down from $123.70 million, indicating cost-cutting measures in personnel expenses[26] - Cash inflow from financing activities totaled $370.58 million, down from $483.98 million, indicating a decrease in new financing received[26] Research and Development - Research and development expenses totaled ¥11,998,221.20 for the quarter, accounting for 18.53% of operating revenue, a decrease of 5.12 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2025 were CNY 38,601,742.52, compared to CNY 51,747,020.37 in 2024, indicating a reduction of 25.4%[20] Operational Efficiency - The company reported a significant reduction in operating expenses, contributing to a narrowing of losses compared to the previous year[10] - The company is focusing on cost reduction and efficiency improvement measures, which have started to show initial results in the current reporting period[10] Market and Product Development - The company has no significant new product launches or technological developments reported in the conference call[14] - There are no updates on market expansion or mergers and acquisitions mentioned in the call[14] Other Financial Metrics - Accounts receivable increased to ¥78,142,967.06 from ¥66,420,470.59 year-over-year[15] - Short-term borrowings decreased to ¥109,528,944.50 from ¥248,050,876.00[16] - The company reported a significant increase in contract liabilities, rising to CNY 57,497,176.36 from CNY 44,818,991.93, an increase of 28.5%[18] - The company's long-term borrowings amounted to CNY 55,416,666.65, with no previous long-term borrowings reported in the prior year[18] - Total cash outflow from investing activities was $3.23 million, significantly lower than $305.93 million in the previous period, reflecting reduced investment expenditures[26] - Cash outflow for the acquisition of fixed assets was $3.23 million, a significant decrease from $112.57 million, suggesting a slowdown in capital expenditures[26]