Financial Performance - The company's operating revenue for Q3 2025 reached ¥246,548,199.50, representing a year-on-year increase of 24.45%[5] - Net profit attributable to shareholders was ¥11,976,142.79, up 29.11% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses increased by 128.95% to ¥10,694,455.92[5] - Total operating revenue for the current period reached ¥693,382,168.53, an increase of 16.54% compared to ¥595,018,799.81 in the previous period[23] - Net profit for the current period was ¥34,865,951.85, representing a 15.92% increase from ¥30,247,507.21 in the previous period[24] - Basic and diluted earnings per share increased to ¥0.25 from ¥0.22, marking a growth of 13.64%[24] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥77,219,851.20, reflecting a significant increase of 78.35%[10] - Cash generated from operating activities was ¥778,021,797.07, compared to ¥666,544,166.91 in the previous period, indicating a rise of 16.74%[25] - Net cash flow from operating activities was $77.22 million, up from $43.30 million year-over-year[26] - Cash inflow from investment activities was $582.71 million, down from $949.27 million in the previous year[26] - Net cash flow from investment activities was $72.61 million, compared to $54.83 million in the previous year[26] - The net increase in cash and cash equivalents was $136.29 million, significantly higher than $2.74 million in the previous year[26] - The ending balance of cash and cash equivalents was $184.35 million, compared to $39.56 million at the end of the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,518,824,181.19, a decrease of 1.52% from the end of the previous year[5] - Total current assets decreased to RMB 802,048,223.60 from RMB 877,057,964.58[20] - Total liabilities decreased to ¥240,049,831.09 from ¥279,866,379.95, a reduction of 14.23%[22] - The company's total equity increased to ¥1,278,774,350.10 from ¥1,262,459,265.32, reflecting a growth of 1.29%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,396[12] - The largest shareholder, TANCON, holds 69.62% of shares, totaling 96,259,831 shares[12] - Cash dividends of RMB 0.5 per 10 shares will be distributed, totaling RMB 6,912,743.30[16] Operational Costs and Expenses - Total operating costs amounted to ¥664,855,132.55, up from ¥579,999,807.41, reflecting a growth of 14.61%[23] - Research and development expenses were ¥38,610,497.52, down from ¥42,954,025.34, a decrease of 10.00%[23] - The company reported a 37.04% increase in taxes and surcharges, amounting to ¥4,047,599.06, attributed to increased business activities[9] - Investment income decreased by 41.42% to ¥1,550,484.70, mainly due to reduced returns from financial products[9] Changes and Governance - The company plans to issue convertible bonds to unspecified investors[18] - The company has revised its articles of association and governance policies[14] - Zhang Yin was elected as an employee representative director[15] Inventory and Construction - Inventory decreased slightly to RMB 206,175,077.40 from RMB 210,931,589.36[20] - Long-term construction in progress increased to RMB 121,544,362.95 from RMB 80,432,208.31[20] Audit Status - The third quarter financial report was not audited[27]

昆仑万维科技股份有限公司 2025 年第三季度报告 证券代码：300418 证券简称：昆仑万维 公告编号：2025-074 昆仑万维科技股份有限公司 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 昆仑万维科技股份有限公司 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） | 2,071,656,007.05 | 56.16% | ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥166,267,821.73, an increase of 3.73% year-over-year[5] - Net profit attributable to shareholders surged to ¥231,633,252.13, reflecting an impressive growth of 814.55% compared to the same period last year[5] - Basic earnings per share rose to ¥2.29, marking a significant increase of 536.11% year-over-year[5] - Total operating revenue for the period reached ¥510,526,357.35, an increase of 5.7% compared to ¥485,427,716.16 in the previous period[25] - The total operating profit increased to ¥350,957,232.23 from ¥104,662,995.66, representing a growth of approximately 235%[27] - Net profit attributable to shareholders reached ¥302,705,307.73, up from ¥91,635,354.52, indicating a year-over-year increase of about 230%[28] - Basic and diluted earnings per share improved to ¥3.00 compared to ¥0.90 in the previous period, reflecting a significant increase of 233%[28] - The total comprehensive income amounted to ¥303,722,154.36, compared to ¥89,632,101.91, marking an increase of around 238%[28] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,274,073,823.92, representing an 8.65% increase from the end of the previous year[5] - The total assets of the company as of September 30, 2025, were ¥3,274,073,823.92, compared to ¥3,013,306,312.00 at the beginning of the period, marking an increase of 8.7%[23] - Non-current assets totaled ¥1,329,062,251.90, up from ¥1,027,133,792.28, indicating a growth of 29.5%[21] - The company's total liabilities decreased slightly to ¥418,575,512.98 from ¥431,110,864.30, a reduction of 2.0%[23] - The equity attributable to shareholders increased to ¥2,848,696,592.85 from ¥2,560,613,585.90, reflecting a rise of 11.3%[23] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 54.73% to ¥59,712,910.04[5] - Cash flow from operating activities generated ¥59,712,910.04, down from ¥131,901,234.73, a decrease of approximately 55%[29] - Cash flow from investing activities showed a net outflow of ¥494,877,752.36, worsening from a net outflow of ¥341,024,367.32 in the prior period[30] - The cash and cash equivalents increased to ¥991,160,214.00 from ¥892,539,630.14, representing a growth of 11.1%[19] - The cash and cash equivalents at the end of the period decreased to ¥367,542,631.09 from ¥1,360,847,737.58, a decline of approximately 73%[30] - The company reported a decrease in cash inflow from sales of goods and services to ¥385,081,104.42 from ¥608,611,734.19, a drop of about 37%[29] Investment Activities - The company reported a significant increase in investment income, which rose to ¥9,127,968.07, a staggering 1161.29% increase year-over-year[10] - The fair value change gain reached ¥249,196,316.11, driven by the performance of held funds[10] - The company experienced a 908.79% increase in prepayments, totaling ¥5,083,884.72, due to increased material payments[10] - The company's deferred tax liabilities surged by 179.68% to ¥64,814,151.74, attributed to increased temporary differences[10] - The total cash received from investment activities increased significantly to ¥1,165,000,000, marking a 3036100.11% increase due to the maturity of structured deposits[12] - The cash received from investment income surged to ¥12,920,060.21, a remarkable 1477.80% increase driven by higher interest from structured deposits[12] - The company completed a transaction to acquire a 37.6052% stake in a fund, investing ¥5,000 million, which is part of its strategy to collaborate with professional investment institutions[17] - The company reported a net investment income of ¥9,127,968.07, significantly higher than ¥723,703.21 from the previous period, indicating a strong performance in investment activities[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,687, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Hangzhou Dazhaofeng Industrial Group, holds 34.16% of shares, totaling 34,929,465 shares[14] - The second-largest shareholder, Hangzhou Huanyu Industrial Internet, owns 18.99% of shares, amounting to 19,419,643 shares[14] Operating Costs and Expenses - Total operating costs amounted to ¥429,945,381.08, up from ¥397,330,132.97, reflecting a rise of 8.2%[26] - Research and development expenses for the period were ¥32,794,537.44, compared to ¥31,152,621.42 in the previous period, showing an increase of 5.3%[26] - The cash paid for purchasing fixed assets rose to ¥52,474,768.85, reflecting a 41.99% increase attributed to higher equipment procurement costs[12] - The cash paid for other operating activities increased by 30.36% to ¥17,514,072.46, primarily due to increased market development expenses[12] - The cash paid for other financing activities decreased to ¥15,000,000, a 52.76% decline compared to the previous period due to prior stock repurchase payments[12] - The cash paid for investment activities decreased to ¥75,000,000, representing a 75.43% decline due to reduced investment fund amounts[12] Taxation - The company incurred a tax expense of ¥47,087,781.81, compared to ¥15,203,155.28, which is an increase of approximately 209%[27]

Financial Performance - The company's revenue for Q3 2025 was ¥98,915,966.98, representing a decrease of 5.22% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥8,443,359.23, a decline of 282.51% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,948,703.31, an increase of 17.47% compared to the previous year[5]. - Total operating revenue decreased to ¥264,543,536.08 from ¥311,213,978.00, representing a decline of approximately 15% year-over-year[18]. - Net profit for the period was a loss of ¥22,440,188.06, compared to a profit of ¥795,800.39 in the previous period, indicating a significant downturn[19]. - The total comprehensive income for the period was a loss of ¥22,440,188.06, compared to a gain of ¥795,800.39 in the prior period[20]. Cash Flow - The operating cash flow net amount for the year-to-date was ¥35,221,863.42, showing a significant increase of 379.78%[5]. - The net cash flow from operating activities was $35,221,863.42, a significant improvement compared to a net outflow of $12,589,003.89 in the previous period[23]. - Total cash outflow from operating activities amounted to $238,278,329.92, down from $300,142,215.29[23]. - Cash inflow from investment activities was $6,080,678.21, compared to only $1,000.00 in the previous period[23]. - The net cash flow from investment activities was -$2,404,014.03, an improvement from -$70,033,202.99[23]. - Cash inflow from financing activities totaled $90,171,590.00, a decrease from $721,785,870.30[23]. - The net cash flow from financing activities was -$42,088,071.86, compared to a positive net flow of $32,147,801.07 previously[23]. - The ending balance of cash and cash equivalents was $2,186,842.44, down from $2,875,671.54[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,580,333,961.03, down 4.58% from the end of the previous year[5]. - The company's total current assets amount to ¥808,794,067.35, a decrease from ¥913,559,070.63 at the beginning of the period[15]. - The total liabilities amount to ¥1,252,762,365.55, down from ¥1,302,800,871.52, reflecting a reduction of about 3.9%[15]. - The company's total liabilities decreased to ¥1,826,908,044.53 from ¥1,927,043,014.09, a reduction of approximately 5%[18]. - The company's equity attributable to shareholders decreased by 3.18% to ¥733,396,515.69 compared to the end of the previous year[5]. - The total equity attributable to shareholders decreased to ¥733,396,515.69 from ¥757,516,071.89, reflecting a decline of about 3%[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,561[11]. - The largest shareholder, Li Haibo, holds 13.93% of shares, totaling 24,700,000 shares, with 18,525,000 shares pledged[11]. - The second-largest shareholder, Investment Holdings Limited, owns 10.81% of shares, amounting to 19,166,231 shares, all of which are unpledged[11]. Expenses - Research and development expenses were ¥10,237,545.83, down from ¥12,924,211.75, a reduction of approximately 21%[18]. - Financial expenses decreased to ¥13,954,462.45 from ¥17,223,768.39, a decline of about 19%[19]. - The company reported a significant increase in tax and additional charges, totaling ¥11,270,023.37, which is up 276.50% compared to the previous year[9]. Other Information - The company did not undergo an audit for the third quarter financial report[24]. - The company will implement new accounting standards starting in 2025[24].

Financial Performance - The company's revenue for Q3 2025 reached ¥48,510,043.69, representing a 60.29% increase compared to the same period last year[5] - The net profit attributable to shareholders was -¥6,175,863.14, a decline of 142.57% year-on-year[5] - The basic earnings per share for the period was -¥0.05, reflecting a 150.00% decrease compared to the previous year[5] - Total operating revenue for the current period reached ¥136,315,218.09, an increase of 8.2% compared to ¥126,243,215.19 in the previous period[25] - Net profit for the current period was a loss of ¥23,212,340.75, compared to a loss of ¥7,209,577.29 in the previous period, reflecting a significant decline[26] - Basic and diluted earnings per share were both -¥0.18, compared to -¥0.06 in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,701,912,170.29, down 4.60% from the end of the previous year[5] - The total liabilities amounted to ¥405,998,010.92, slightly up from ¥405,605,556.12 in the previous period[24] - The total equity attributable to shareholders of the parent company decreased to ¥1,284,569,232.30 from ¥1,372,708,326.20 in the previous period[24] - Cash and cash equivalents decreased to ¥374,996,452.94 from ¥637,862,538.93, representing a decline of approximately 41.2%[22] - The total current assets decreased to ¥1,320,983,659.81 from ¥1,398,898,745.91, a reduction of about 5.6%[23] Cash Flow - The company recorded a cash flow from operating activities net amount of -¥77,024,323.26, a decline of 145.69% year-to-date[5] - The net cash flow from operating activities for the first nine months of 2025 was -77,024,323.26, a decrease of 145.69% compared to -31,349,972.95 in the same period of 2024[14] - Cash inflow from operating activities totaled ¥203,063,456.23, down from ¥215,555,585.43 in the previous period[28] - The net cash flow from financing activities showed a significant decline of 1072.20%, amounting to -38,677,494.33 compared to -3,299,551.62 in the previous year[14] Investments - Total cash inflow from investing activities increased by 206.80% to 4,467,471,334.10 from 1,456,149,160.13 year-on-year[14] - Total cash outflow from investing activities rose by 172.53% to 4,615,111,381.05 from 1,693,415,215.96 in the previous year[14] - The net cash flow from investing activities improved by 37.77%, reaching -147,640,046.95 compared to -237,266,055.83 in the prior year[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,956, with no preferred shareholders[16] - The largest shareholder, Yuan Technology Co., Ltd., holds 12.41% of shares, totaling 14,960,000 shares[16] - The second-largest shareholder, China Electronics System Technology Co., Ltd., owns 10.54% of shares, amounting to 12,705,000 shares[16] - The company's repurchase account held 5,237,494 shares, representing 4.35% of the total share capital[16] - The total number of restricted shares at the end of the period is 38,247,000, a decrease of 541,000 from the beginning of the period[19] Expenses - Management expenses rose by 37.66% to ¥24,988,929.79, primarily due to increased employee compensation and other management costs[13] - Financial expenses surged by 1322.73% to ¥3,681,348.14, mainly due to increased loan interest expenses[13] - Research and development expenses increased to ¥27,653,717.72, compared to ¥24,179,186.96 in the previous period, indicating a focus on innovation[25] - Sales expenses rose to ¥27,900,814.45, up from ¥24,480,634.11 in the previous period, reflecting increased marketing efforts[25] Future Plans and Changes - The company plans to repurchase shares to enhance long-term incentive mechanisms and promote sustainable development[20] - The company aims to use repurchased shares for equity incentives or employee stock ownership plans[20] - The company has a scheduled release of restricted shares on February 8, 2026, for several shareholders totaling 38,247,000 shares[19] - The company will implement new accounting standards starting in 2025, affecting the financial statements[30] Miscellaneous - The company has not audited its third-quarter financial report[30]

武汉科前生物股份有限公司 2025 年第三季度报告 证券代码：688526 证券简称：科前生物 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 武汉科前生物股份有限公司 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、准确性和完整性依法承担法律责任。 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。 一、主要财务数据 （一） 主要会计数据和财务指标 1 / 14 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期 末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 250,572,601.24 -5.44 737,863,251.81 10.87 利润总额 135,396,423.66 9.29 388,971,331.63 31.05 归属于上市公司股东的净利 ...

Financial Performance - Total revenue for Q3 2025 was CNY 313,462,830.51, a slight increase of 0.33% compared to the same period last year[2] - Net profit attributable to shareholders decreased by 46.94% to CNY 12,264,056.39 in Q3 2025[2] - The total profit for the period fell by 45.54% to CNY 14,087,315.56, primarily due to intensified market competition and significant increases in copper and silver procurement prices[8] - Basic earnings per share decreased by 47.00% to CNY 0.0371, reflecting a decline in net profit attributable to shareholders[2] - Total operating revenue for the first three quarters of 2025 was CNY 952,561,494.25, a decrease of 18% compared to CNY 1,161,314,157.15 in the same period of 2024[25] - Operating profit for the first three quarters of 2025 was CNY 57,988,524.36, a decline of 25% from CNY 77,184,965.33 in 2024[25] - Net profit for the first three quarters of 2025, after tax expenses of CNY 5,793,399.04, was CNY 52,252,127.26[25] - The net profit for the first three quarters of 2025 is CNY 52,251,727.26, a decrease of 26% compared to CNY 70,536,261.71 in the same period of 2024[27] - The net profit attributable to the parent company's shareholders is CNY 49,476,950.54, down from CNY 69,046,103.23, representing a decline of approximately 28%[27] - The basic and diluted earnings per share for the current period are CNY 0.1498, compared to CNY 0.2091 in the previous year, reflecting a decrease of about 28.4%[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 93,814,192.75 year-to-date, indicating increased cash payments for material procurement[2][8] - Cash inflows from operating activities totaled CNY 850,306,768.59, an increase of 7.6% from CNY 790,409,024.85 in the prior year[28] - Cash outflows from operating activities amounted to CNY 944,120,961.34, up from CNY 821,814,728.80, indicating a rise of 14.9%[29] - The net cash flow from operating activities is -CNY 93,814,192.75, worsening from -CNY 31,405,703.95 in the same period last year[29] - Cash flow from investing activities resulted in a net outflow of -CNY 51,012,383.00, compared to -CNY 25,077,232.15 in the previous year, indicating a significant increase in investment expenditures[30] - Cash flow from financing activities showed a net outflow of -CNY 11,309,882.37, compared to -CNY 5,449,609.22 in the same period last year, reflecting increased financing costs[31] - The ending cash and cash equivalents balance is CNY 268,494,119.03, down from CNY 399,790,716.12, a decrease of approximately 32.8%[31] Assets and Liabilities - The company's total assets increased by 3.81% to CNY 1,831,349,810.86 compared to the end of the previous year[3] - Total assets as of September 30, 2025, reached CNY 1,831,349,810.86, compared to CNY 1,764,158,401.90 at the end of 2024, reflecting a growth of 3.8%[23] - Total liabilities as of September 30, 2025, were CNY 993,872,396.15, slightly up from CNY 982,808,073.79 at the end of 2024[23] - Shareholders' equity increased to CNY 837,477,414.71 as of September 30, 2025, compared to CNY 781,350,328.11 at the end of 2024, marking a growth of 7.2%[23] Shareholder Information - The controlling shareholder, China Xidian Group Co., Ltd., holds 99,060,484 shares, representing 30.00% of the total share capital[14] - The company completed the transfer of state-owned shares from Baoguang Group to China Xidian Group, finalizing the registration of 99,060,484 shares on July 10, 2025[15] - The company acquired 51.16% equity in Chengdu Kaisaer Technology Co., Ltd. for RMB 42 million, completing the registration of this acquisition by July 14, 2025[16] - The top ten shareholders include major entities such as Huatai Securities Asset Management and GF Securities Asset Management, with significant holdings[13] Management Changes - The company is undergoing a leadership change, with the resignation of Chairman Xie Hongtao and the nomination of Wang Haibo as a non-independent director[17][18] Accounting Standards - The company has not adopted new accounting standards for the current reporting period[32]

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： 中航光电科技股份有限公司 2025 年第三季度报告 证券代码：002179 证券简称：中航光电 公告编号：2025-049 号 中航光电科技股份有限公司 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 中航光电科技股份有限公司 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 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 4,654,299,742.28 | -4.97% | ...

Financial Performance - The company achieved operating revenue of CNY 253.69 million in Q3 2025, representing a year-on-year increase of 47.80%[4] - For the first three quarters, the total operating revenue reached CNY 676.29 million, up 32.81% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 6.28 million in Q3 2025, a decline of 96.37% year-on-year, primarily due to previous non-recurring gains[9] - Subscription revenue for the first three quarters was CNY 398.58 million, reflecting a 62.87% increase year-on-year, accounting for 61.28% of the original business segment's revenue[16] - Channel revenue for the first three quarters amounted to CNY 288.28 million, up 48.21% year-on-year, representing 44.32% of the original business segment's revenue[19] - The annual recurring revenue (ARR) from subscription business reached CNY 551.05 million, a growth of 50.57% year-on-year[14] - Revenue from Foxit International increased by 29.61% year-on-year, while revenue from Foxit China grew by 63.67%[24] - North America revenue grew by nearly 25% year-on-year, with a quarterly increase of 35.27% in Q3; Europe saw a 32.31% year-on-year increase, with a 39.57% quarterly increase; and Asia-Pacific revenue grew by 54.84% year-on-year, with a 39.75% quarterly increase[24] - The domestic market revenue in China experienced a significant growth of 63.67% year-on-year, with a remarkable quarterly increase of 143.03% in Q3[24] - Subscription revenue accounted for 61.28% of total revenue, reflecting a year-on-year growth of 32.81%[29] - The annual recurring revenue (ARR) from subscription business reached 551.05 million RMB, a 33.98% increase compared to the previous year[29] - Revenue from channel sales increased by 48.21% year-on-year, contributing to 44.32% of total revenue[29] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 608.77 million for the year-to-date, showing significant improvement from a net outflow of CNY 105.55 million in the same period last year[10] - The net cash flow from operating activities for the original business segment was 56.46 million RMB, showing significant improvement compared to the previous year[30] - The company reported a net loss of 21.86 million RMB after excluding non-recurring gains and losses, narrowing the loss by approximately 77.16% compared to the previous year[30] - Net cash flow from investment activities was $165.13 million, a slight increase from $162.15 million year-over-year[47] - Total cash inflow from financing activities amounted to $228.20 million, compared to $8.83 million in the previous period[47] - Net cash flow from financing activities reached $183.40 million, a significant improvement from a negative $49.23 million last year[47] - The net increase in cash and cash equivalents was $358.11 million, compared to $1.52 million in the previous period[47] - The ending balance of cash and cash equivalents stood at $1.12 billion, up from $713.49 million year-over-year[47] Research and Development - The company’s R&D investment totaled CNY 568.25 million, accounting for 22.40% of operating revenue, a decrease of 18.47 percentage points year-on-year[2] - Research and development expenses were ¥174.49 million, slightly down from ¥178.89 million in the previous year[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,672[32] - The largest shareholder, Xiong Yuqian, holds 36,410,668 shares, representing 39.82% of the total shares[32] - The company has a repurchase account holding 1,738,819 shares, accounting for 1.90% of the total share capital[33] - The company has not disclosed any known relationships or concerted actions among the top shareholders[33] - The company has not experienced any changes in the lending/borrowing of shares among the top shareholders during the reporting period[34] Incentive Plans - The 2022 restricted stock incentive plan has been approved, with 568,098 shares eligible for vesting for 159 participants[35] - The 2024 restricted stock incentive plan has also been approved, with 801,047 shares eligible for vesting for 185 participants[36] - The company is implementing a long-term incentive mechanism to attract and retain talent through stock options and employee stock ownership plans[35] - The company plans to distribute cash assets from the employee stock ownership plan after the lock-up period ends[37] - The company has completed the registration of shares for the first vesting period of the 2022 and 2024 incentive plans[37] - The number of incentive recipients for the first batch of the third phase in 2022 was 154, with a total of 489,789 shares allocated[38] - The company approved the cancellation of 80,000 repurchased shares, adjusting their use from employee stock plans to capital reduction[38] Assets and Liabilities - Total assets increased by 20.60% year-on-year, reaching CNY 3.72 billion at the end of the reporting period[3] - As of September 30, 2025, total current assets amounted to CNY 2,515,271,238.05, an increase from CNY 2,290,476,289.30 at the end of 2024[40] - The total non-current assets as of September 30, 2025, were CNY 1,200,232,149.05, compared to CNY 790,439,907.13 at the end of 2024[41] - Total assets reached CNY 3,715,503,387.10 as of September 30, 2025, up from CNY 3,080,916,196.43 at the end of 2024[42] - Current liabilities totaled CNY 740,904,867.77 as of September 30, 2025, compared to CNY 500,726,772.16 at the end of 2024[42] - Total liabilities amounted to CNY 968,947,661.90 as of September 30, 2025, an increase from CNY 537,546,864.39 at the end of 2024[42] - The company's total equity as of September 30, 2025, was CNY 2,746,555,725.20, compared to CNY 2,543,369,332.04 at the end of 2024[42] Operational Challenges - Operating profit turned negative at -¥6.08 million, compared to a profit of ¥34.46 million in the previous year[45] - Net profit for the first three quarters of 2025 was -¥18.42 million, a significant decline from a profit of ¥33.49 million in 2024[45] - Basic earnings per share decreased to ¥0.0157 from ¥0.4354 year-over-year[46] - The company reported a total comprehensive loss of -¥21.45 million, compared to a comprehensive income of ¥30.53 million in the same period of 2024[46] - The company experienced a significant increase in sales expenses, which rose to ¥302.79 million from ¥275.66 million, reflecting a growth of 9.8%[44]

Financial Performance - Revenue for Q3 2025 reached ¥1,486,415,112.26, an increase of 3.55% year-over-year, while year-to-date revenue decreased by 10.26% to ¥3,745,519,767.38[5] - Net profit attributable to shareholders for Q3 2025 was ¥92,527,658.33, up 3.85% year-over-year, but down 26.00% year-to-date at ¥186,109,490.93[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.0509, reflecting a 3.83% increase year-over-year, with year-to-date earnings per share down 26.03% to ¥0.1023[5] - The company reported total operating revenue of ¥3,745,519,767.38 for the current period, a decrease of approximately 10.3% compared to ¥4,173,811,005.81 in the previous period[37] - The company's net profit for the current period is CNY 181,823,954.97, a decrease of 21.6% compared to CNY 232,080,948.70 in the previous period[38] - Operating profit for the current period is CNY 228,705,254.67, down from CNY 256,765,436.89, reflecting a decline of 10.9%[38] - The company reported a total comprehensive income of CNY 162,669,743.47, down from CNY 206,660,103.16 in the previous period[39] - Basic and diluted earnings per share are both CNY 0.1023, down from CNY 0.1383 in the previous period[39] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥10,680,608,230.93, a decrease of 4.48% compared to the end of the previous year[5] - The total current assets increased to ¥6,695,760,136.42 from ¥6,500,469,067.01, representing a growth of approximately 3%[32] - Total non-current assets decreased to ¥3,984,848,094.51 from ¥4,681,564,442.51, reflecting a decline of about 14.8%[33] - The company's total liabilities decreased to ¥7,977,584,335.74 from ¥8,643,275,247.63, a reduction of approximately 7.7%[34] - The total equity attributable to shareholders increased to ¥2,554,937,514.79 from ¥2,386,659,384.58, showing an increase of about 7%[35] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 97.21% to ¥9,329,610.06, primarily due to litigation-related payments[18] - The company's net increase in cash and cash equivalents rose by 210.28% year-over-year, totaling ¥52,951,000, influenced by the net cash flows from operating, investing, and financing activities[18] - The net cash flow from operating activities is CNY 9,329,610.06, a significant decrease from CNY 334,022,368.34 in the previous period[42] - The company experienced a net cash outflow from financing activities of CNY 10,209,053.37, an improvement from a net outflow of CNY 371,439,398.89 in the previous period[43] - Investment activities generated a net cash inflow of CNY 249,258,536.56, a turnaround from a net outflow of CNY 218,801,729.55 in the previous period[42] Shareholder Information - Total number of common shareholders at the end of the reporting period is 257,203[20] - The largest shareholder, Chen Qingzhou, holds 39.20% of shares, totaling 712,900,884 shares, with 534,675,663 shares pledged[20] - The second-largest shareholder, Weng Limin, holds 0.97% of shares, totaling 17,600,000 shares, with 10,030,000 shares pledged[21] - The top 10 shareholders collectively hold significant stakes, with the largest being Chen Qingzhou, followed by Weng Limin and Hong Kong Central Clearing[21] - The shareholder structure indicates a significant concentration of ownership, with the top shareholder holding over 39% of the total shares[20] - The company has a total of 178,225,221 unrestricted shares held by Chen Qingzhou, which is the largest among unrestricted shareholders[22] Legal Matters - The company has ongoing litigation with Motorola, with cumulative payments of approximately $10.355 million made to date related to the U.S. trade secret copyright case[25] - An agreement with the U.S. Department of Justice was reached, with potential payments ranging from $0 to $60 million[26] - The company is awaiting court decisions on multiple ongoing lawsuits, including a patent copyright case in Australia scheduled for November 2025[28] - The company has pledged $5 million as a guarantee in relation to the H series product non-infringement lawsuit, awaiting further court proceedings[27] - The company is appealing a court ruling that requires it to pay approximately $70.47 million in licensing fees related to its H series DMR products, with an estimated additional liability of about $30 million for future sales[29] Research and Development - Research and development expenses increased to ¥752,785,208.38, compared to ¥729,896,502.12 in the previous period, indicating a growth of approximately 3.5%[37] - The company has invested significantly in R&D resources to develop new proprietary communication technology standards and products, aiming to mitigate intellectual property disputes[29]