Financial Performance - Q3 2025 revenue was CNY 6,563,902,000, a decrease of 13.98% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 1,018,039,000, down 38.19% year-on-year[5] - Basic earnings per share decreased by 37.73% to CNY 0.1218[5] - Operating revenue fell by 17.29% to ¥22,220,920,493.97, impacted by the disposal of thermal power division income and a decrease in average wind power utilization hours[14] - Total operating revenue for the current period was ¥22,220,920,493.97, a decrease of 17.5% compared to ¥26,866,893,142.95 in the previous period[30] - The company's operating profit decreased to CNY 6.30 billion from CNY 7.64 billion, representing a decline of approximately 17.6% year-over-year[31] - Net profit attributable to shareholders decreased to CNY 4.39 billion from CNY 5.56 billion, a decrease of about 21.0%[31] - Total comprehensive income for the period was CNY 5.18 billion, down from CNY 6.21 billion, reflecting a decrease of about 16.6%[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 262,521,257,360.16, an increase of 1.99% from the end of the previous year[5] - Long-term liabilities due within one year increased by 48.88% to ¥13,627,420,305.02, attributed to the rise in long-term borrowings due[12] - The company issued multiple medium-term notes, resulting in a 82.32% increase in bonds payable to ¥29,167,564,465.70[12] - Total liabilities increased slightly to ¥172,945,998,622.52 from ¥171,162,823,003.61, reflecting a growth of 1.0%[29] - The company's total equity rose to ¥89,575,258,737.64 from ¥86,225,209,003.42, an increase of 2.7%[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 15,783,850,000, an increase of 53.33% compared to the same period last year[5] - Net cash flow from operating activities increased by 53.33% to ¥15,783,858,718.20, driven by a significant rise in renewable energy subsidies received[16] - The company reported a net cash outflow from investing activities of CNY 17.78 billion, compared to a net outflow of CNY 16.94 billion in the previous period[33] - Cash and cash equivalents decreased by 44.53% to ¥1,825,871,776.87, primarily due to investments in fixed assets and intangible assets[11] - Cash and cash equivalents at the end of the period decreased to CNY 1.57 billion from CNY 3.58 billion, a decline of approximately 56.1%[33] Investments and Expenditures - Development expenditures rose by 35.07% to ¥358,474,200.33, reflecting ongoing investments in key technology research projects[11] - Investment income dropped by 83.83% to ¥109,027,811.82, due to the lack of significant investment events and reduced income from joint ventures[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,238, with the largest shareholder holding 55.05% of the shares[18] Capacity and Generation - As of September 30, 2025, the total installed capacity of the group reached 43,417.39 MW, representing a 17.31% increase from 37,010.40 MW in the previous year[22] - The wind power installed capacity increased by 11.14% to 31,543.47 MW compared to 28,380.64 MW a year earlier[22] - The photovoltaic installed capacity rose by 49.59% to 11,867.82 MW from 7,933.66 MW in the previous year[23] - The total power generation for the group was 56,546,706 MWh, a slight decrease of 0.53% year-on-year, but a 13.81% increase when excluding thermal power impacts[24] - Wind power generation increased by 5.30% to 46,187,944 MWh compared to 43,861,535 MWh in the previous year[25] - Photovoltaic power generation surged by 77.98% to 10,354,443 MWh from 5,817,665 MWh in the previous year[26] - The group added 2,274.19 MW of new renewable energy capacity in the first nine months of 2025, including 1,134.70 MW of wind and 1,169.49 MW of solar[20] - The group reported a 333.33% increase in installed capacity in Qinghai, reaching 650 MW compared to 150 MW a year earlier[23] - The group’s installed capacity for other renewable energy sources decreased by 83.10% to 6.10 MW from 36.10 MW in the previous year[23] Other Financial Metrics - The company experienced a decrease in net profit margin, with a weighted average return on equity of 1.35% for the current period[5] - Research and development expenses decreased to ¥78,771,412.34 from ¥105,423,410.32, a decline of 25.3%[30] - The company reported a decrease in other comprehensive income, with a net amount of CNY -2.99 million compared to CNY -105.32 million in the previous period[31]

Revenue and Profitability - Revenue for Q3 2025 was CNY 62,003,034.67, representing a 13.33% increase year-over-year, but a 75.14% decrease compared to the previous period[5] - Net profit attributable to shareholders was CNY -16,655,422.70, a 43.91% increase year-over-year, and a 40.34% decrease compared to the previous period[5] - Basic and diluted earnings per share were both CNY -0.06, reflecting a 45.45% improvement year-over-year, and a 42.86% decrease compared to the previous period[5] - The company reported a significant decrease in operating income, down 75.14% from CNY 275,280,746.33 in the same period last year[10] - Net loss for Q3 2025 was ¥83,715,107.05, compared to a net loss of ¥61,921,766.71 in the previous year, indicating a worsening of 35.5%[23] - The net profit attributable to the parent company was a loss of ¥81,720,903.16, compared to a loss of ¥58,232,529.66 in the previous period, indicating an increase in losses of approximately 40.4%[24] - The total comprehensive income amounted to a loss of ¥83,715,107.05, compared to a loss of ¥61,921,766.71 in the previous period, reflecting a 35.2% increase in losses[24] - Basic and diluted earnings per share were both reported at -¥0.30, compared to -¥0.21 in the previous period, representing a decline of approximately 42.9%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 982,807,419.25, a decrease of 2.97% from the end of the previous year[5] - Total assets decreased to ¥982,807,419.25 from ¥1,012,848,646.10, a decline of 3.0%[20] - Total liabilities increased to ¥1,063,383,031.97 from ¥1,009,709,151.77, an increase of 5.3%[21] - The company’s equity attributable to shareholders decreased to -¥55,024,801.97 from ¥26,696,101.19, indicating a significant decline in shareholder equity[21] Cash Flow and Expenses - The company recorded a net cash outflow from operating activities of CNY -21,885,671.72, a 82.31% increase in cash outflow compared to the previous period[5] - Cash flow from operating activities showed a net outflow of ¥21,885,671.72, an improvement from a net outflow of ¥123,691,710.55 in the previous period[26] - Cash received from sales of goods and services was ¥32,589,066.84, significantly lower than ¥182,038,710.16 in the previous period, indicating a decrease of approximately 82.1%[25] - The net cash flow from financing activities was ¥19,230,933.12, down from ¥43,337,376.46 in the previous period, reflecting a decrease of about 55.6%[26] - The ending balance of cash and cash equivalents was ¥710,325.65, a significant drop from ¥5,701,587.01 in the previous period, indicating a decrease of approximately 87.5%[27] - The company reported cash outflows from operating activities totaling ¥74,580,917.01, compared to ¥311,062,661.84 in the previous period, showing a reduction of about 76.0%[26] - The cash inflow from investment activities was ¥9,000.00, compared to ¥9,011,277.58 in the previous period, indicating a decrease of approximately 99.9%[26] Research and Development - Research and development expenses decreased by 77.98% to CNY 8,149,283.05, primarily due to reduced personnel and material costs[10] - Research and development expenses for Q3 2025 were ¥8,149,283.05, down 78.0% from ¥37,004,970.87 year-over-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,519, with no preferred shareholders having restored voting rights[11] - The largest shareholder, Zhu Yesheng, holds 6.86% of the shares, amounting to 18,896,043 shares, which are currently frozen[11] - The company has no preferred shareholders and no changes in restricted shares during the reporting period[12] - The company’s major shareholders have restored their full shareholder rights after terminating a voting rights delegation agreement[17] Restructuring and Investment - The company has initiated a pre-restructuring process due to an inability to repay debts, with a court decision made on July 4, 2025, to start the pre-restructuring[13] - A total of 21 potential investors have submitted materials for pre-restructuring investment, including 10 industrial investors and 11 financial investors[16] - The company has authorized the temporary administrator to apply for a loan of up to 70 million yuan during the pre-restructuring period to support operations[16] - The company has extended the pre-restructuring investment application deadline to protect the rights of all creditors and investors[14] - The first temporary creditors' meeting is scheduled for October 17, 2025, to discuss the restructuring process[17] Employee Compensation - The company reported a significant increase in employee compensation liabilities, rising to ¥42,881,496.48 from ¥31,496,112.80, an increase of 36.0%[21] Audit Information - The company did not undergo an audit for the third quarter financial report[28]

东莞发展控股股份有限公司 2025 年第三季度报告 证券代码：000828 证券简称：东莞控股 公告编号：2025-057 □是 否 东莞发展控股股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 1 东莞发展控股股份有限公司 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 单位：元 | | 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） | 418,261,972.62 | ...

Financial Performance - The company's operating revenue for the third quarter was ¥123,298,080.72, a decrease of 38.69% compared to the same period last year[4] - The total profit for the quarter was -¥19,173,115.50, reflecting a decline of 254.11% year-on-year[4] - The net profit attributable to shareholders was -¥12,428,911.08, a significant decrease of 7,912.82% compared to the previous year[4] - The net profit excluding non-recurring gains and losses was -¥14,856,098.85, with a year-to-date decrease of 1,201.31%[4] - The basic earnings per share for the quarter was -¥0.043, a decrease of 178.47% compared to the same period last year[5] - The diluted earnings per share for the quarter was also -¥0.043, reflecting a similar decline of 178.47% year-on-year[5] - The weighted average return on equity was -2.43%, a decrease of 2.45 percentage points compared to the previous year[5] Assets and Liabilities - Total assets at the end of the quarter were ¥2,993,661,485.46, down 6.88% from the end of the previous year[5] - The equity attributable to shareholders was ¥517,715,741.11, a slight decrease of 0.20% compared to the previous year[5] - The company's total liabilities as of September 30, 2025, were CNY 2,287,335,577.61, compared to CNY 2,506,452,041.54 at the end of 2024, indicating a reduction of about 8.7%[19] - The total assets of the company decreased to CNY 2,993,661,485.46 as of September 30, 2025, down from CNY 3,214,984,288.09 at the end of 2024, indicating a decline of approximately 6.9%[19] Cash Flow - The cash flow from operating activities for the year-to-date was ¥147,211,536.83, an increase of 39.90%[4] - The company's cash and cash equivalents decreased to CNY 145,924,090.03 as of September 30, 2025, from CNY 178,048,527.26 at the end of 2024, reflecting a decline of approximately 18.0%[17] - The total cash and cash equivalents at the end of the period decreased to CNY 78,681,406.32 from CNY 115,160,450.82, a decline of 31.7%[29] - The company experienced a net cash outflow from financing activities of CNY -101,406,021.68, compared to CNY -23,938,126.12 in the previous year[29] - The investment activities generated a net cash outflow of CNY -67,463,775.81, compared to CNY -61,213,199.64 in the same period last year[29] Shareholder Information - The company reported a total of 21,713,000 common shares outstanding at the end of the reporting period[12] - Major shareholder Luo Weiguo holds 37,251,829 shares, representing 12.84% of total shares, with 22,000,000 shares pledged and 14,375,524 shares frozen[12] - Major shareholder Shi Dongwei holds 32,338,800 shares, representing 11.15% of total shares, with 29,000,000 shares pledged and 3,181,856 shares frozen[12] - Shenzhen Zeyuan Private Securities Fund Management Co., Ltd. holds 22,000,000 shares, representing 7.58% of total shares[12] - The company has undergone a change in actual control, with Luo Weiguo becoming the sole actual controller after the termination of the concerted action agreement with Shi Dongwei[14] - As of August 25, 2025, Shi Dongwei has irrevocably agreed to waive all voting rights associated with his 32,338,800 shares[14] - The report indicates that there are no significant changes in the shareholding structure of the top 10 shareholders[14] - The total number of shares held by the top 10 unrestricted shareholders remains unchanged[14] Future Plans and Investments - The company plans to issue up to 71,028,297 A-shares to Shanghai Daoyun Asset Management Co., Ltd., raising a total of no more than CNY 465.2353 million, which will be used for working capital and debt repayment[15] - The company is in the process of issuing A-shares, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[15] Research and Development - Research and development expenses rose to CNY 11,407,398.61, an increase of 72.5% compared to CNY 6,607,811.49 in the same period last year[24] Financial Expenses - The company reported a significant increase in financial expenses, totaling CNY 31,050,606.74, compared to CNY 9,137,237.34 in the previous year, marking a rise of 239.5%[24] Overall Performance - For the first three quarters of 2025, total operating revenue was CNY 535,601,036.79, down approximately 14.2% from CNY 624,472,530.50 in the same period of 2024[22] - Total operating costs for the first three quarters of 2025 were CNY 567,048,150.94, a decrease of about 4.7% compared to CNY 594,720,864.52 in the previous year[22] - The net profit for the first three quarters of 2025 is CNY 10,668,058.84, a decrease of 60.9% compared to CNY 27,281,131.61 in the same period of 2024[24] - The total revenue from operating activities for the first three quarters of 2025 is CNY 765,216,638.76, down from CNY 834,739,497.39 in 2024, representing a decline of 8.3%[27] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.0031, compared to CNY 0.0220 in the same period of 2024[24]

伊戈尔电气股份有限公司 2025 年第三季度报告 证券代码：002922 证券简称：伊戈尔 公告编号：2025-079 伊戈尔电气股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 伊戈尔电气股份有限公司 2025 年第三季度报告 2 伊戈尔电气股份有限公司 2025 年第三季度报告 （二） 非经常性损益项目和金额 适用 □不适用 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | 非流动性资产处置损益（包括已计 | -651,655.16 | -957,376.62 | 主要是非流动资产报废损 | ...

Financial Performance - The company's operating revenue for the third quarter was ¥246,753,607.23, a decrease of 15.03% compared to the same period last year[4]. - The total profit for the third quarter was -¥243,974,831.16, with a year-to-date total profit of -¥606,806,548.60[4]. - The net profit attributable to shareholders for the third quarter was -¥243,138,794.73, reflecting a significant loss increase year-on-year[4]. - Total operating revenue for the first three quarters of 2025 was ¥893.58 million, a decrease of 22.2% compared to ¥1,148.03 million in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was a loss of ¥606.95 million, compared to a loss of ¥567.42 million in the same period of 2024, representing an increase in loss of 6.9%[23]. - The net loss for the first three quarters of 2025 was CNY 597,705,989.38, compared to a net loss of CNY 513,526,809.07 in the same period of 2024, indicating an increase in losses[34]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥150,469,756.45, down 23.50% compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2025 was ¥150.47 million, down 23.5% from ¥196.69 million in 2024[26]. - Cash inflow from operating activities totaled $760.15 million, down from $1,143.96 million, representing a decrease of approximately 33.5% year-over-year[38]. - Net cash flow from operating activities was $113.20 million, compared to $215.66 million, indicating a decline of about 47.5% year-over-year[38]. - Cash inflow from financing activities amounted to $2.28 billion, slightly down from $2.43 billion, a decrease of about 6.5% year-over-year[38]. - Cash outflow for payments to employees was $202.43 million, down from $338.27 million, indicating a decrease of approximately 40.1% year-over-year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,434,278,586.68, a decrease of 2.98% from the previous year-end[6]. - The company's total liabilities as of September 30, 2025, were RMB 8,975,787,058.24, compared to RMB 8,689,163,791.63 at the end of 2024, showing an increase of approximately 3.31%[21]. - Total assets decreased to CNY 9,933,669,726.84 as of September 30, 2025, from CNY 10,210,094,019.50 at the end of 2024, a decline of 2.7%[32]. - The company's total equity decreased to CNY 1,356,781,646.41 as of September 30, 2025, from CNY 1,954,487,635.79 at the end of 2024, a decline of 30.5%[32]. Shareholder Equity - The equity attributable to shareholders decreased by 29.11% to ¥1,469,758,555.20 compared to the previous year-end[6]. - The company's equity attributable to shareholders decreased to RMB 1,469,758,555.20 from RMB 2,073,353,023.38, a decline of approximately 29.1%[21]. Borrowings - The company reported a significant increase in short-term borrowings, which stood at RMB 845,946,626.74, compared to RMB 867,696,626.74 in the previous period, reflecting a slight decrease of about 2.9%[20]. - The company’s long-term borrowings rose to RMB 4,015,638,042.43 from RMB 3,404,756,222.51, marking an increase of approximately 18.0%[21]. Management and Governance - The company plans to apply for the removal of the other risk warning on its stock, as it has met the necessary conditions as of October 9, 2025[16]. - The board of directors' term has been extended due to ongoing preparations for the board's re-election, ensuring continuity in governance[15]. - The company is actively preparing for the revision of management systems and reforms of the supervisory board in line with new regulations[15]. Other Financial Metrics - The basic and diluted earnings per share for the third quarter were both -¥0.34, indicating a decline in profitability[4]. - The company's cash and cash equivalents increased to RMB 242,114,698.80 from RMB 147,505,385.47, representing a growth of approximately 64.0%[19]. - The company's long-term borrowings rose to CNY 4,015,638,042.43 as of September 30, 2025, up from CNY 3,404,756,222.51 at the end of 2024, reflecting an increase of 18.0%[32]. - The company reported a significant increase in credit impairment losses, amounting to CNY -158,206,911.83 for the first three quarters of 2025, compared to CNY -51,981,238.37 in the same period of 2024[34]. - The company will not apply new accounting standards starting from 2025[39].

Financial Performance - The company's revenue for Q3 2025 reached ¥363,160,929.59, representing a year-on-year increase of 707.72%[6] - Net profit attributable to shareholders was ¥47,237,661.33, up 323.01% compared to the same period last year[6] - The basic earnings per share (EPS) for the quarter was ¥0.3077, reflecting a 50.09% increase year-on-year[6] - The company’s net profit for the year-to-date reached ¥107,518,080.57, an increase of 448.91% compared to the same period last year[6] - The company's operating revenue reached ¥1,550,970,081.55, a significant increase of 595.49% compared to the previous period's ¥223,005,486.70, primarily due to the growth in computing power acceptance business[10] - Operating profit for the current period was ¥124,376,827.05, compared to a loss of ¥40,884,214.08 in the previous period, indicating a turnaround in profitability[21] - Net profit for the current period was ¥107,989,973.30, a substantial improvement from a net loss of ¥31,194,022.84 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,663,708,213.02, a 62.23% increase from the end of the previous year[6] - Total liabilities rose from CNY 1,680,875,337.74 to CNY 3,374,951,670.12, marking an increase of approximately 100.5%[19] - The total non-current assets increased from CNY 1,132,141,818.32 to CNY 2,541,686,347.07, reflecting a growth of approximately 124.5%[19] - Current assets rose from CNY 1,742,661,525.91 to CNY 2,122,021,865.95, an increase of about 21.8%[18] - Accounts receivable increased significantly from CNY 558,870,368.98 to CNY 999,571,070.52, reflecting a growth of approximately 78.7%[18] - Cash and cash equivalents decreased from CNY 192,567,435.02 to CNY 149,504,950.31, a decline of about 22.3%[18] Cash Flow - The company reported a net cash flow from operating activities of ¥61,390,335.76, which is a 115.86% increase year-to-date[6] - The net cash flow from operating activities improved to ¥61,390,335.76, a turnaround of 115.86% from a negative cash flow of ¥387,175,054.70 in the previous period, mainly due to increased project collections[10] - Cash flow from operating activities generated a net cash inflow of ¥61,390,335.76, contrasting with a net outflow of ¥387,175,054.70 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥829,674,124.29, compared to a net inflow of ¥312,509,689.96 in the previous period[24] - Cash flow from financing activities yielded a net inflow of ¥722,265,355.49, up from ¥25,955,101.95 in the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,987, with no preferred shareholders having restored voting rights[12] - The largest shareholder, Ouyang Hua, holds 36.17% of the shares, totaling 55,532,131 shares[12] Costs and Expenses - Operating costs rose to ¥1,314,472,908.56, reflecting a 645.32% increase from ¥176,363,062.24, driven by the increase in revenue from computing power business[10] - The company incurred financial expenses of ¥28,810,918.16, significantly higher than ¥4,947,190.77 in the previous period, primarily due to increased interest expenses[21] - The company’s total operating costs for the current period were ¥1,420,024,931.37, compared to ¥257,446,723.76 in the previous period, reflecting a growth of approximately 438.5%[21] Other Financial Metrics - The weighted average return on equity (ROE) for the period was 3.75%, a decrease of 5.41% compared to the previous year[6] - The company experienced a 90.29% decrease in other income, which fell to ¥19,253.97 from ¥198,310.81, mainly due to a reduction in government subsidies related to daily operations[10] - Investment income turned negative at -¥216,222.89, a decline of 103.78% from ¥5,718,763.07, primarily due to a decrease in structured deposits purchased during the period[10] - The company recorded an asset impairment loss of ¥5,329,059.17, a significant increase from a recovery of -¥410,130.76 in the previous period, due to provisions for bad debts on contract assets[10]

Financial Performance - The company's operating revenue for the third quarter reached ¥690,771,774.04, representing a year-on-year increase of 36.15%[4] - The total profit for the third quarter was ¥22,927,230.47, a significant increase of 203.86% compared to the same period last year[4] - The net profit attributable to shareholders for the third quarter was ¥16,893,214.17, reflecting a remarkable growth of 262.35% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,530,174.29, up 374.93% from the previous year[4] - Basic earnings per share for the third quarter were ¥0.04, an increase of 300.00% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,694,636,462.87, a significant increase from ¥1,167,073,583.03 in the same period of 2024, representing a growth of approximately 45%[19] - Net profit for the first three quarters of 2025 was ¥88,051,977.84, up from ¥50,031,341.79 in 2024, reflecting a growth of approximately 76%[21] - The net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥92,084,456.80, compared to ¥52,612,445.53 in 2024, marking an increase of around 75%[21] - Basic earnings per share for the first three quarters of 2025 were ¥0.22, compared to ¥0.13 in 2024, indicating an increase of approximately 69%[21] - The net profit for the first three quarters of 2025 was ¥41,460,777.38, down 31.4% from ¥60,467,412.85 in the first three quarters of 2024[30] Cash Flow and Assets - The cash flow generated from operating activities for the third quarter was ¥172,610,596.72, with no applicable year-on-year comparison[5] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥1,990,399,966.12, a significant increase of 39.2% compared to ¥1,431,097,157.08 in the same period of 2024[23] - The net cash flow from operating activities was ¥163,724,979.78, recovering from a loss of ¥108,382,191.07 in the previous year[23] - The total assets at the end of the reporting period amounted to ¥8,079,090,165.83, a slight increase of 1.66% from the end of the previous year[5] - The company's current assets totaled RMB 4,114,454,168.90, compared to RMB 3,782,989,300.94 at the end of 2024, reflecting a growth of approximately 8.8%[14] - The total assets increased to ¥8,079,090,165.83 in 2025 from ¥7,947,351,913.15 in 2024, showing a growth of approximately 2%[20] - The total assets impairment loss for the first three quarters of 2025 was reported at -¥6,175,688.24, contrasting with a gain of ¥5,537,004.33 in 2024[30] - The ending cash and cash equivalents balance for the company was ¥403,657,081.02 as of the end of September 2025, compared to ¥268,647,356.98 at the same time in 2024[33] Liabilities and Equity - The total liabilities decreased to ¥4,844,290,834.22 in 2025 from ¥5,030,764,691.42 in 2024, showing a reduction of approximately 4%[20] - Total equity increased to ¥3,234,799,331.61 in 2025 from ¥2,916,587,221.73 in 2024, representing a growth of about 11%[20] - The company's total liabilities decreased to ¥2,802,353,948.93 from ¥3,087,878,393.85 at the end of 2024, indicating improved financial stability[28] - The company's equity increased to ¥2,829,056,915.50 from ¥2,556,198,750.53 at the end of 2024, reflecting a growth in shareholder value[28] Operational Insights - The company attributed the revenue growth to an increase in ongoing projects and improved collection of project payments[9] - The company plans to continue expanding its market presence and enhancing its operational efficiency through strategic initiatives[9] - The company's long-term receivables rose to RMB 2,665,677,210.37, compared to RMB 2,242,824,061.79 in the previous year, showing a significant increase of approximately 18.8%[15] - Total current liabilities decreased to RMB 2,822,222,382.39 from RMB 3,294,716,266.43, a reduction of about 14.3%[15] - The company's short-term borrowings were reported at RMB 108,066,059.76, down from RMB 137,168,100.27[15] - The inventory level rose to ¥190,076,151.68, up from ¥133,137,375.91 in the previous year, indicating potential growth in sales[27] - The accounts receivable decreased to ¥1,107,234,090.34 from ¥1,207,492,653.10, suggesting improved collection efficiency[26] Financial Management - The company reported a financial expense of -¥93,561,428.68 in 2025, compared to -¥35,283,829.07 in 2024, reflecting a significant increase in financial costs[20] - The company's interest income increased to ¥74,093,395.13 in 2025, compared to ¥54,233,582.48 in 2024, reflecting improved financial management[30] - The company reported a significant increase in cash received from investment recoveries, totaling ¥1,850,894,000.00 in 2025 compared to ¥227,997,000.00 in 2024[23] - The company reported a significant increase in cash inflow from investment activities, totaling ¥1,791,047,764.09 in 2025 compared to ¥216,980,658.22 in 2024[32] - The cash flow from financing activities showed a net outflow of ¥166,148,112.26 in 2025, contrasting with a net inflow of ¥252,462,713.95 in 2024[33] Cost Management - Total operating costs for the first three quarters of 2025 were ¥1,581,114,297.53, compared to ¥1,127,919,094.54 in 2024, indicating an increase of about 40%[20] - The total operating costs for the first three quarters of 2025 were ¥829,437,618.61, up 72.3% from ¥481,869,647.71 in 2024[30] - Research and development expenses slightly decreased to ¥44,631,295.60 in 2025 from ¥46,904,113.22 in 2024, indicating a focus on cost management[30]

Financial Performance - The company's revenue for Q3 2025 was ¥383,585,946.13, representing an increase of 8.03% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥1,874,053.00, a decrease of 68.42% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥4,188,137.97, a slight decrease of 0.47% compared to the previous year[5]. - Total operating revenue for the current period is ¥1,055,633,145.42, a decrease of 23.1% compared to ¥1,373,373,777.92 in the previous period[20]. - Net profit for the current period is ¥6,404,324.26, a decline of 38.8% from ¥10,476,953.74 in the previous period[21]. - Basic and diluted earnings per share for the current period are both ¥0.0097, down from ¥0.0158 in the previous period[22]. - Other comprehensive income after tax for the current period is -¥4,899,936.69, compared to ¥4,654,111.98 in the previous period[21]. - The company reported a significant reduction in investment income, reporting ¥750,624.38 compared to ¥3,474,104.04 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,560,354,235.03, an increase of 12.66% from the end of the previous year[5]. - Total current assets increased to ¥2,052,465,213.66 from ¥1,753,512,367.44, representing a growth of approximately 17.06%[17]. - Total liabilities rose to ¥1,385,162,686.90 from ¥1,102,917,366.66, an increase of about 25.67%[18]. - Total assets reached ¥2,560,354,235.03, up from ¥2,272,545,846.61, indicating an increase of about 12.66%[18]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥341,687,257.49, which is a 5.04% improvement year-to-date[5]. - The net cash flow from operating activities is -¥341,687,257.49, slightly improved from -¥359,829,963.67 in the previous period[23]. - Net cash flow from investing activities was $2,318,168.03, down from $3,636,652.94[24]. - Cash inflow from financing activities totaled $614,690,000.00, an increase from $462,456,692.00[24]. - Net cash flow from financing activities was $324,585,147.82, significantly up from $76,771,681.26[24]. - The net increase in cash and cash equivalents was -$14,972,723.34, compared to -$279,691,135.97 in the previous period[24]. - The ending balance of cash and cash equivalents was $445,410,682.84, compared to $347,497,974.58 last year[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 101,702[15]. - The largest shareholder, Wang Donghui, holds 11.26% of shares, totaling 74,486,333 shares[15]. - The number of shares held by the top 10 shareholders includes significant pledges, with Shandong Jingda Technology holding 8.10% and pledging 13,401,606 shares[15]. Inventory and Expenses - The company reported a significant increase in inventory, which rose by 169.71% to ¥801,003,022.38, attributed to large project orders requiring substantial procurement[10]. - Inventory increased significantly to ¥801,003,022.38 from ¥296,981,484.84, marking a rise of approximately 169.57%[17]. - Financial expenses increased by 74.53% to ¥5,489,359.86 due to higher financing costs from financial institutions[11]. - Research and development expenses for the current period are ¥40,584,345.28, down 23.1% from ¥52,821,566.82 in the previous period[20]. - The company reported a decrease in sales expenses to ¥54,802,366.13 from ¥54,507,385.25 in the previous period[20]. Accounting and Reporting - The company has not audited its third-quarter financial report[25]. - The new accounting standards will be implemented starting in 2025[26].

Financial Performance - The company's revenue for Q3 2025 reached ¥8,152,470,535.87, representing a year-on-year increase of 19.88%[6] - Net profit attributable to shareholders for the same period was ¥765,857,396.91, up 27.76% compared to the previous year[6] - The net profit excluding non-recurring gains and losses decreased by 2.92% to ¥521,249,526.36[6] - For the period from January to September 2025, the company achieved revenue of 21.019 billion CNY, a year-on-year increase of 27.79%; net profit attributable to shareholders was 1.933 billion CNY, up 31.34% year-on-year[18] - In the third quarter of 2025, the company reported revenue of 8.152 billion CNY, a year-on-year growth of 19.88%; net profit attributable to shareholders was 766 million CNY, an increase of 27.76% year-on-year[19] - Total operating revenue for the current period reached ¥21,019,233,315.35, an increase of 27.5% compared to ¥16,448,654,845.50 in the previous period[57] - Net profit for the current period was ¥1,969,062,716.53, representing a 29% increase from ¥1,529,260,182.54 in the previous period[57] - Basic earnings per share increased to ¥3.63, compared to ¥2.78 in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥20,020,249,768.88, reflecting a 20.58% increase from the end of the previous year[6] - The company's current assets totaled approximately ¥15.96 billion, up from ¥12.37 billion at the start of the period, indicating strong liquidity growth[54] - Total liabilities increased to ¥9,913,483,921.29, compared to ¥7,459,188,022.22 in the previous period[57] - The company reported a significant increase in accounts payable, which rose to ¥2,600,631,379.59 from ¥1,778,359,180.05[57] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥864,866,365.47, a decline of 152.38% year-to-date[6] - Net cash flow from operating activities decreased by 152.38% to -¥864.87 million, mainly due to increased cash payments for inventory and employee compensation[12] - Cash inflow from operating activities totaled ¥19,828,395,430.03, up from ¥15,618,864,619.73 in the prior period[59] - Cash inflow from investment activities totaled $3.64 billion, compared to $2.54 billion last year, resulting in a net cash flow of $643.75 million[60] - Cash inflow from financing activities was $1.88 billion, up from $633.97 million, leading to a net cash flow of $243.08 million[60] - The total cash and cash equivalents at the end of the period amounted to $2.34 billion, an increase from $1.95 billion year-over-year[60] Inventory and Costs - The company reported a significant increase in inventory, which rose by 90.11% to ¥6,147,166,123.27, attributed to proactive stocking in anticipation of sales[10] - Operating costs increased to ¥11.63 billion, up 26.86% year-over-year, primarily due to revenue growth[12] - Total operating costs amounted to ¥19,038,822,530.45, up 28.8% from ¥14,793,622,196.13 in the prior period[57] Research and Development - Research and development expenses rose to ¥1.95 billion, a 38.77% increase, driven by more R&D projects and personnel[12] - Research and development expenses for Q3 2025 were 751 million CNY, a year-on-year increase of 24.72%, reflecting the company's commitment to innovation[19] - Research and development expenses for the current period were ¥1,945,842,381.37, an increase from ¥1,402,206,974.18 in the previous period[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,796[14] - The largest shareholder, Yang Meng, holds 43.40% of the shares, totaling 232,666,200 shares[15] Market Expansion and Product Launches - The company has successfully expanded its market presence and launched new products, contributing to a 27.79% increase in year-to-date revenue[10] - The company launched the Anker SOLIX C1000 Gen2 portable power station in North America, which features a rapid recharge time of 49 minutes and a power output of 2000W, recognized as the fastest 1 kWh portable power station by Guinness World Records[29] - The Anker SOLIX Solarbank Multisystem was introduced, capable of 14.4kW photovoltaic input and 64.5kWh storage capacity, with installation costs reduced by up to 80%[30] - The eufy NVR S4 Max security system was launched, featuring a unique three-camera integration and local AI capabilities, achieving top sales in the UK market and second in the US market[32] - The eufy Robot Vacuum Omni S2, featuring HydroJet™ self-cleaning technology, was showcased at the IFA exhibition, enhancing deep cleaning capabilities[35] - The company introduced the Anker × "Black Myth: Wukong" co-branded product series, integrating advanced charging technology and smart temperature control[24] - The eufy S1 Pro wearable breast pump was launched in mainland China, utilizing HeatFlow™ technology for enhanced user comfort and efficiency[38] - The company launched the AeroFit 2 AI Assistant smart open-ear headphones in September 2025, featuring AI capabilities and supporting over 100 languages for high-precision translation[41] - The soundcore Work, a portable AI recording pen, was introduced at the IFA exhibition, offering 97% accuracy in voice transcription and smart meeting summaries, enhancing workplace efficiency[42] - The soundcore Nebula X1 Pro, the world's first mobile 7.1.4 Dolby Atmos and Dolby Vision cinema, was unveiled, boasting 4K ultra HD resolution and a native contrast ratio of 5000:1[44] Stock Incentive Plans - The company implemented a stock incentive plan for 2023, granting 1.18 million shares to 143 eligible participants, with shares expected to be tradable from August 7, 2025[48] - The company also approved a stock incentive plan for 2024, allocating 2.00 million shares to 280 participants, with shares expected to be tradable from August 1, 2025[49] - The company plans to implement a stock incentive plan for 2025, granting approximately 4.20 million shares at a price of ¥126.90 per share to 608 participants[51]