Financial Performance - Revenue for the third quarter reached CNY 3,310,944,916.06, an increase of 1.32% compared to the same period last year[5] - Total profit for the quarter was CNY 1,000,490,088.51, a decrease of 13.68% year-over-year[5] - Net profit attributable to shareholders was CNY 824,770,512.61, down 17.84% from the previous year[5] - Basic and diluted earnings per share were both CNY 0.92, reflecting a decline of 19.30% compared to the same quarter last year[6] - The company's operating revenue for the current period is approximately CNY 8.85 billion, an increase from CNY 8.02 billion in the previous period, representing a growth of about 10.4%[21] - Total operating costs increased to approximately CNY 6.22 billion from CNY 5.57 billion, reflecting a rise of about 11.8%[21] - The net profit for the current period is approximately CNY 2.35 billion, compared to CNY 2.24 billion in the previous period, indicating an increase of about 4.5%[22] - The company achieved a total profit of approximately CNY 2.74 billion, up from CNY 2.57 billion, representing an increase of about 6.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,457,212,466.68, representing a 41.97% increase from the end of the previous year[6] - Current assets as of September 30, 2025, totaled RMB 16,415,455,073.13, compared to RMB 10,814,777,151.50 at the end of 2024, indicating a significant increase of about 51.5%[15] - Total liabilities as of September 30, 2025, amounted to RMB 12,125,088,447.38, compared to RMB 5,659,704,500.55 at the end of 2024, representing an increase of approximately 114.5%[17] - The company's total assets increased to RMB 21,457,212,466.68 from RMB 15,114,420,842.15, reflecting a growth of approximately 42%[17] - The equity attributable to shareholders decreased to RMB 9,332,943,744.17 from RMB 9,454,145,126.46, showing a decline of about 1.3%[17] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 2,662,052,664.46, a slight decrease of 0.78%[5] - The cash flow from operating activities for the current period is approximately CNY 2.66 billion, slightly down from CNY 2.68 billion in the previous period, a decrease of about 1.6%[23] - The company reported cash inflows from operating activities totaling approximately CNY 8.33 billion, up from CNY 6.63 billion, marking an increase of about 25.7%[23] - The company reported a net increase in cash and cash equivalents of 1,044,219,300.90 CNY, up from 254,787,001.85 CNY in the previous period[24] - The ending balance of cash and cash equivalents was 4,401,894,209.69 CNY, compared to 2,699,350,291.72 CNY at the end of the previous period[24] Shareholder Information - The company had 73,354 common shareholders at the end of the reporting period[12] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisrui Investment Management Co., Ltd., held 35.26% of the shares[12] Investment Activities - Cash received from investment activities for the current period is approximately CNY 8.61 billion, compared to CNY 8.15 billion in the previous period, reflecting an increase of about 5.6%[23] - Investment activities generated a net cash flow of -848,662,419.58 CNY, an improvement from -2,199,301,524.30 CNY year-over-year[24] - Cash inflow from investment activities was 8,629,679,526.41 CNY, compared to 8,206,616,211.72 CNY in the previous period[24] - The company received 253,188,353.26 CNY from investment contributions, a significant decrease from 2,660,570,778.80 CNY year-over-year[24] Research and Development - Research and development expenses for the current period are approximately CNY 370.92 million, compared to CNY 354.02 million in the previous period, an increase of about 4.8%[21] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[25]

Financial Performance - The company's revenue for Q3 2025 reached ¥497,031,267.60, representing a year-on-year increase of 22.39%[5] - Net profit attributable to shareholders was ¥77,815,766.68, up 9.82% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥70,036,444.48, an increase of 44.62% year-on-year[5] - The company's operating revenue for the first nine months of 2025 reached ¥1,393,680,939.51, representing a 30.62% increase compared to ¥1,066,994,543.78 in the same period of 2024, primarily driven by significant growth in the integrated circuit business[12] - Net profit for the current period was ¥211,412,597.44, representing a 62.6% increase from ¥129,953,196.53 in the previous period[29] - Basic earnings per share for the reporting period were ¥0.2498, up 9.61% year-on-year[5] - Basic earnings per share increased to ¥0.6778, compared to ¥0.4174 in the previous period, reflecting a growth of 62.2%[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥7,224,053,135.43, reflecting a growth of 23.26% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to 7.22 billion yuan, up from 5.86 billion yuan at the beginning of the period[25] - Current assets totaled 2.63 billion yuan, compared to 1.92 billion yuan at the start of the period[25] - The total liabilities increased to ¥1,784,512,179.14 from ¥1,290,892,185.73, marking a rise of 38.2%[27] - The company's short-term borrowings rose by 147.12% to ¥387,644,002.60, compared to ¥156,863,083.33 in the previous period, attributed to increased bank loans[11] - Short-term borrowings increased to 387.64 million yuan from 156.86 million yuan[25] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥272,515,864.69, a significant increase of 459.26%[5] - The net cash flow from operating activities increased by 459.26% to ¥272,515,864.69 in the first nine months of 2025, up from ¥48,727,778.38 in 2024, due to increased sales receipts and VAT refunds[14] - Cash flow from operating activities generated a net amount of ¥272,515,864.69, significantly higher than ¥48,727,778.38 in the prior period[32] - The company's cash flow from financing activities surged by 1864.79% to ¥101,758,861.48, up from ¥5,179,110.64, driven by increased bank borrowings and reduced repayments of maturing loans[14] - The net cash flow from financing activities was $101.76 million, a significant increase from $5.18 million in the previous period, showing improved cash management[33] - The ending cash and cash equivalents balance was $851.73 million, compared to $754.07 million at the end of the previous period, indicating a positive cash position[33] Investments - The company's long-term equity investments increased by 112.37% to ¥33,649,335.95, attributed to adjustments in the share of net assets of joint ventures[10] - The intangible assets increased by 123.90% to ¥199,919,331.20, up from ¥89,289,186.26, mainly due to the transfer of land ownership registration to intangible assets[11] - The investment income turned positive at ¥1,766,507.47, a 143.90% increase from a loss of ¥4,023,887.71 in the previous year, due to reduced losses from associates and increased other investment income[12] - The cash flow from investment activities included $350.34 million in cash payments for investments, significantly higher than $75 million previously, indicating aggressive investment strategies[33] Other Financial Metrics - The weighted average return on net assets was 1.42%, a slight decrease of 0.23% compared to the previous year[5] - The company's sales expenses increased by 76.25% to ¥68,032,190.61, compared to ¥38,599,177.69 in the previous year, due to higher personnel compensation and market expansion costs[12] - Other comprehensive income after tax for the current period was ¥706,914,643.62, compared to ¥176,243,565.11 in the previous period, indicating a substantial increase[30] - The total comprehensive income for the current period was ¥918,327,241.06, compared to ¥306,196,761.64 in the prior period, reflecting a growth of 200.5%[31]

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 矽电半导体设备（深圳）股份有限公司 2025 年第三季度报告 证券代码：301629 证券简称：矽电股份 公告编号：2025-039 矽电半导体设备（深圳）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： □是 否 1 矽电半导体设备（深圳）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） | 107,245, ...

Financial Performance - The company's revenue for Q3 2025 was ¥771,263,210.73, a decrease of 10.42% compared to the same period last year[2] - Net profit attributable to shareholders was ¥58,698,869.79, down 40.82% year-on-year[2] - The net profit excluding non-recurring gains and losses was ¥58,232,948.09, a decrease of 22.51% compared to the previous year[2] - The basic earnings per share for Q3 2025 was ¥0.09, down 35.71% year-on-year[2] - Total operating revenue for the current period is ¥2,186,423,208.85, a decrease of 7.0% from ¥2,350,798,648.97 in the previous period[26] - Net profit for the current period is ¥281,620,357.24, an increase of 7.3% compared to ¥262,424,065.10 in the previous period[28] - The net profit attributable to the parent company's shareholders for the current period is ¥279,152,484.30, an increase from ¥262,169,374.45 in the previous period, representing a growth of approximately 6.0%[30] - The total comprehensive income for the current period is ¥278,914,342.51, compared to ¥235,911,996.64 in the previous period, indicating an increase of about 18.2%[30] - The basic earnings per share for the current period is ¥0.41, up from ¥0.38 in the previous period, reflecting an increase of 7.9%[30] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥6,005,287,126.91, an increase of 3.09% from the end of the previous year[2] - The company's total assets increased to ¥6,005,287,126.91 from ¥5,825,169,063.21, reflecting a growth of 3.1%[24] - Current liabilities totaled ¥1,527,902,896.80, up from ¥1,490,997,324.28, indicating an increase of 2.4%[24] - Non-current assets rose to ¥1,368,882,140.54, compared to ¥1,151,553,721.73, marking a significant increase of 19.0%[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥367,999,635.19, a significant increase of 125.70% compared to the same period last year[11] - The net cash flow from operating activities for the current period is -¥367,999,635.19, worsening from -¥163,046,799.31 in the previous period[32] - Cash inflow from operating activities totaled ¥2,258,277,194.49, down from ¥2,674,605,719.40 in the previous period, a decrease of approximately 15.5%[32] - Cash outflow from operating activities is ¥2,626,276,829.68, compared to ¥2,837,652,518.71 in the previous period, a decrease of about 7.4%[32] - The net cash flow from investing activities is -¥891,810,005.10, compared to -¥35,716,056.63 in the previous period, indicating a significant decline[32] - The net cash flow from financing activities is ¥316,526,502.23, improving from -¥263,500,938.80 in the previous period[34] - The ending balance of cash and cash equivalents is ¥1,736,177,206.77, compared to ¥1,570,026,261.03 in the previous period, an increase of approximately 10.6%[34] - The company has a total of 1,745,015,177.63 CNY in cash and cash equivalents at the end of the reporting period, down from 2,709,800,796.57 CNY at the beginning of the period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 77,589[13] - The largest shareholder, Zhuhai Yuqin Hongtai Investment Group, holds 24.18% of shares, totaling 170,219,041 shares[13] - Baidu (China) Limited is the second-largest shareholder with a 3.64% stake, amounting to 25,600,000 shares[13] - The top ten shareholders hold a significant portion of the company's shares, with the top three alone accounting for over 31%[14] - The company has not reported any changes in the lending of shares by major shareholders during this period[14] Investments and Expenses - The company reported a 400.44% increase in fixed assets, totaling ¥353,645,294.62, primarily due to the purchase of an office building[8] - Short-term borrowings increased by 3,526.42% to ¥398,906,666.66, mainly due to bank loans[8] - The company experienced a 58.68% decrease in other income, totaling ¥11,919,266.84, primarily due to reduced government subsidies[9] - Investment income decreased by 39.55% to ¥35,856,858.62, mainly due to reduced returns from disposed financial assets[9] - Research and development expenses for the current period are ¥276,185,354.08, down from ¥310,985,636.72, a decrease of 11.2%[28] - The company reported a financial investment income of ¥35,856,858.62, down from ¥59,313,828.00, a decline of 39.6%[28] Stock and Share Restrictions - The company is advancing its 2025 second employee stock ownership plan, which was approved by the board and shareholders[18] - The total number of restricted shares at the end of the period is 1,045,265, with 184,250 shares released from restrictions during the period[17] - The company has a total of 9,252,565 shares held by China Construction Bank as part of its financial technology theme investment fund[14] - The company has no preferred shareholders or changes in restricted shares reported for this period[15]

吉林亚泰（集团）股份有限公司 2025 年第三季度报告 证券代码：600881 证券简称：亚泰集团 吉林亚泰（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 | 1,746,342,255.91 | -24 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 353,243,546.31, an increase of 0.35% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 1.28% to CNY 125,175,767.17, while net profit excluding non-recurring items increased by 48.35% to CNY 72,363,494.95[5]. - The company's basic earnings per share for the period was CNY 0.1002, a decrease of 1.28% year-on-year[5]. - The company reported a 23.79% increase in net profit attributable to shareholders year-to-date, primarily due to the recovery of overdue payments and improved gross margin[9]. - Total operating revenue for the current period reached ¥1,215,015,041.44, a slight increase of 0.34% compared to ¥1,207,602,942.05 in the previous period[20]. - Net profit for the current period was ¥368,133,628.60, representing a 23.25% increase from ¥298,597,921.90 in the previous period[21]. - Earnings per share (EPS) increased to ¥0.3066, up from ¥0.2471 in the previous period, reflecting a growth of 23.66%[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,015,488,485.71, reflecting a growth of 6.54% compared to the end of the previous year[5]. - The company achieved a total asset of CNY 3,015,488,485.71 as of September 30, 2025, an increase from CNY 2,830,441,261.34 at the beginning of the period[17]. - The total current assets rose to CNY 1,937,455,509.21, compared to CNY 1,693,701,086.50 at the start of the period, reflecting a growth of approximately 14.4%[17]. - The total liabilities decreased to CNY 255,862,455.43 from CNY 313,870,622.96, a decline of approximately 18.5%[18]. - The company's equity remained stable at CNY 1,279,800,000.00 throughout the reporting period[18]. Cash Flow - Cash flow from operating activities decreased by 35.36% year-to-date, totaling CNY 291,346,733.72[5]. - Cash flow from operating activities generated a net amount of ¥291,346,733.72, a decrease of 35.39% compared to ¥450,750,025.74 in the previous period[22]. - Cash inflow from financing activities was $24.5 million, significantly higher than $3 million in the previous period[23]. - The net cash flow from financing activities was -$146.4 million, compared to -$325.1 million in the previous period[23]. - The ending balance of cash and cash equivalents was $439.3 million, down from $637.5 million year-over-year[23]. Investments and Expenses - The cash flow from investing activities decreased by CNY 82,724,600, mainly due to increased purchases of bank wealth management products[10]. - Research and development expenses rose to ¥69,864,138.78, an increase of 14.83% from ¥60,923,369.71 in the previous period, indicating a focus on innovation[20]. - Investment income for the current period was ¥9,500,453.35, compared to ¥5,156,866.58 in the previous period, reflecting an increase of 84.56%[21]. - The company reported a significant reduction in financial expenses, with a net financial cost of -¥202,730.64 compared to -¥1,263,366.71 in the previous period, showing improved financial management[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 73,615[12]. - The company's weighted average return on equity was 4.66%, a decrease of 0.60% compared to the previous year[5]. Legal and Regulatory Matters - The company reached a settlement with Jianyuan Trust, receiving a payment of CNY 56,994,275.53 related to a financial product dispute[14]. - The company has completed all legal proceedings related to the Jianyuan Trust case as of the report date[15]. - The third quarter financial report was not audited[24]. - The company will implement new accounting standards starting from 2025[25].

2025 年第三季度报告 证券代码：002500 证券简称：山西证券 公告编号：临 2025-032 山西证券股份有限公司 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.公司董事长侯巍先生、总经理王怡里先生、主管会计工作负责人汤建雄先生及会计机构负责人张立德先生声明：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 4.审计师发表非标意见的事项 □适用 √不适用 一、主要财务数据 （一） 主要会计数据和财务指标 2025 年第三季度报告 | 经营活动产生的现金 | — | — | 3,118,574,202 | -60.07% | | --- | --- | --- | --- | --- | | 流量净额（元） | | | | | | 基本每股收益（元/ | 0.06 | 持平 | 0.20 | 33.33% | | 股） ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥9,601,969,593.74, a decrease of 0.83% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥241,485,306.26, an increase of 4.87% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥207,050,303.54, a slight increase of 0.16% compared to the previous year[5] - The basic earnings per share for Q3 2025 was ¥0.25, up 4.17% year-on-year[5] - Total operating revenue for the current period reached ¥25,382,706,171.28, an increase of 9.8% compared to ¥22,207,753,211.15 in the previous period[21] - Net profit attributable to the parent company was ¥98,886,567.14, compared to ¥75,944,304.98 in the previous period, representing a year-over-year increase of 30.2%[22] - The company reported a total comprehensive income of ¥38,854,919.47, compared to ¥37,397,218.93, an increase of 3.9%[22] Assets and Liabilities - The total assets at the end of Q3 2025 reached ¥26,924,432,341.88, reflecting a growth of 16.15% from the end of the previous year[5] - The total assets increased to ¥26,924,432,341.88 from ¥23,181,406,235.97, marking a growth of 16.0%[20] - Total liabilities rose to ¥16,327,002,223.51, up from ¥12,515,729,186.38, indicating a 30.0% increase[20] - The company's total equity decreased slightly to ¥10,597,430,118.37 from ¥10,665,677,049.59, a decline of 0.6%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥1,609,959,315.26, a decrease of 109.02% compared to the previous year[5] - Operating cash flow for the current period was -1,609,959,315.26 CNY, compared to -770,242,423.16 CNY in the previous period, indicating a decline in cash flow from operations[24] - Total cash inflow from financing activities was 5,629,032,685.88 CNY, down from 6,411,983,785.68 CNY in the previous period[25] - Cash and cash equivalents at the end of the period amounted to 5,208,545,193.29 CNY, an increase from 4,805,397,954.85 CNY in the previous period[25] - The net increase in cash and cash equivalents for the current period was -1,845,701,435.14 CNY, compared to -1,391,975,253.79 CNY in the previous period[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 135,424[10] - The largest shareholder, Liu Tianwen, holds 23.75% of the shares, with a total of 226,354,751 shares[10] - The total number of restricted shares at the beginning of the period was 272,625,788, with all shares released during the period, resulting in an ending balance of 169,766,063 restricted shares[13] - The total number of unrestricted shares held by the top ten shareholders accounted for 28.6089% of the company's total share capital[15] Investments and Expenses - Research and development expenses for the current period were ¥771,197,618.26, compared to ¥677,988,323.18, reflecting a 13.7% increase[21] - The company reported a significant increase in long-term equity investments from RMB 110,735,480.18 to RMB 113,828,061.66[18] - The company’s fixed assets increased from RMB 1,040,358,875.91 to RMB 1,457,315,507.56, indicating a growth of approximately 40.00%[18] Non-Recurring Gains and Losses - Non-recurring gains and losses for Q3 2025 included government subsidies amounting to ¥43,231,281.79, contributing to the overall financial performance[6] - The company experienced a significant increase in non-recurring gains and losses primarily due to government subsidies and fair value changes in financial assets[8]

苏州金螳螂建筑装饰股份有限公司 2025 年第三季度报告 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。 证券代码：002081 证券简称：金 螳 螂 公告编号：2025-044 苏州金螳螂建筑装饰股份有限公司 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。 3.第三季度财务会计报告是否经过审计 □是 否 1 苏州金螳螂建筑装饰股份有限公司 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 3,747,298,158.37 | - ...

Financial Performance - The company's operating revenue for the third quarter reached ¥499,816,909.13, representing a year-on-year increase of 19.40%[4] - The total profit for the period was ¥14,145,432.42, while the net profit attributable to shareholders was ¥8,976,111.38, showing a significant recovery from a loss of ¥14,818,252.37 in the same period last year[4] - The net cash flow from operating activities was ¥27,943,313.28, indicating a positive cash flow compared to a negative cash flow in the previous year[5] - The weighted average return on net assets for the period was 0.57%, a recovery from -0.94% in the previous year[5] - The company reported a basic earnings per share of ¥0.04, compared to a loss of ¥0.07 per share in the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,772,434.43, a significant improvement from a loss of ¥21,298,543.05 in the previous year[4] - Net profit for the first three quarters of 2025 was a loss of ¥14,818,252.37, compared to a loss of ¥3,417,008.81 in the same period of 2024, indicating a worsening financial performance[22] - The company’s basic earnings per share for the first three quarters of 2025 was -¥0.07, compared to -¥0.02 in 2024, indicating a decline in profitability per share[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,591,885,257.95, reflecting a 2.57% increase from the end of the previous year[5] - The total liabilities as of September 30, 2025, were RMB 635,446,664.04, compared to RMB 554,789,844.37 in the previous year[16] - The total liabilities increased to ¥1,019,055,893.59 in 2025 from ¥939,372,402.30 in 2024, indicating a rise in financial obligations[18] - The total equity attributable to shareholders decreased to ¥1,572,829,364.36 in 2025 from ¥1,587,549,070.53 in 2024, showing a decline in shareholder value[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,022, indicating a stable shareholder base[10] - The largest shareholder, Cai Zhengguo, holds 56.84% of the shares, reflecting significant ownership concentration[10] Cash Flow - The company received government subsidies amounting to ¥2,505,805.43 during the period, contributing positively to its financial performance[7] - The company’s cash inflow from operating activities totaled ¥911,651,585.67 in 2025, slightly up from ¥908,994,467.32 in 2024[25] - The net cash flow from operating activities for the first three quarters of 2025 was ¥31,424,240.97, a recovery from a negative cash flow of ¥107,854,627.98 in 2024[25] - Net cash flow from investing activities was $13,110,363.25, compared to $123,319,947.86 in the previous period[26] - Net cash flow from financing activities was -$20,775,894.82, with cash outflows for dividend payments totaling $20,261,367.44[26] - The net increase in cash and cash equivalents was $44,218,782.05, contrasting with a decrease of $4,159,771.37 in the prior period[26] - The ending balance of cash and cash equivalents was $175,869,345.42, up from $152,045,064.71 in the previous period[26] - The impact of exchange rate changes on cash and cash equivalents was -$315,822.17, compared to $1,150,803.57 previously[26] Operational Developments - The company has relocated its production and office facilities to a new site at No. 127 Xinlong Road, Changzhou[13] - The company is actively engaging in market expansion and new product development strategies[12] - The company is focused on enhancing its operational efficiency and exploring new technologies for future growth[12] Research and Development - Research and development expenses increased to ¥42,922,873.88 in the first three quarters of 2025, up 66.7% from ¥25,737,180.43 in 2024, reflecting a focus on innovation[20] Inventory and Receivables - Current assets totaled RMB 1,350,875,431.39, up from RMB 1,241,082,789.99 in the previous year[15] - Inventory increased to RMB 533,182,562.27 from RMB 478,174,323.64 year-over-year[15] - Accounts receivable rose to RMB 287,232,551.59 compared to RMB 206,995,599.16 in the previous year[14] Financial Expenses - The company reported a financial expense of ¥8,742,504.67 in the first three quarters of 2025, which is a significant increase from ¥3,179,299.77 in 2024[20]