广州迪森热能技术股份有限公司 2025 年第三季度报告 证券代码：300335 证券简称：迪森股份 公告编号：2025-038 广州迪森热能技术股份有限公司 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 广州迪森热能技术股份有限公司 2025 年第三季度报告 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（包括已计提资产减值准备的冲 销部分） | -443,620.85 | -1,546,970.70 | | | 计入当期损益的政府补助（与公司正常经营业务密切相 关 ...

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥478,370,818.87, representing a 6.53% increase year-over-year[5] - Net profit attributable to shareholders decreased by 67.26% to ¥951,652.16, while the net profit after deducting non-recurring gains and losses was -¥294,991.80, a 94.75% increase compared to the same period last year[5] - The company's net profit margin improved, with net profit attributable to the parent company increasing to ¥146,924,046.97 from ¥129,299,615.56, representing a growth of approximately 13.7%[20] - Net profit attributable to shareholders decreased to ¥17,624,431.41 from ¥19,013,577.40, a decline of about 7.31%[24] - Total comprehensive income rose to ¥46,588,965.18 compared to ¥26,134,122.81, marking an increase of approximately 78.66%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,564,401,519.83, an increase of 8.83% from the end of the previous year[5] - Total liabilities increased to ¥1,740,289,584.67 from ¥1,579,392,109.17, an increase of approximately 10.2%[20] - The company's equity attributable to shareholders rose to ¥790,132,895.59 from ¥752,291,995.33, indicating an increase of about 5%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥30,872,036.50, a significant decline of 217.04% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥30,872,036.50, a significant decrease from a net inflow of ¥26,376,450.64 in the previous period[25] - The net cash flow from financing activities was positive at ¥36,974,597.89, contrasting with a negative net cash flow of ¥117,766,360.48 in the previous period[26] - The company reported cash inflow from financing activities of ¥464,247,554.34, up from ¥246,346,276.51, indicating an increase of approximately 88.59%[26] Inventory and Receivables - Inventory levels rose significantly to ¥649,403,203.27, an increase of 33.00% year-over-year, driven by substantial inventory accumulation in asset management[10] - Accounts receivable increased to ¥720,598,040.33 from ¥648,410,721.54, indicating a rise of approximately 11.1%[19] - The company reported a 224.18% increase in other receivables, totaling ¥21,983,089.94, primarily due to increased transaction guarantees and inter-company balances[10] Expenses and Income - The company increased its research and development expenditure by 107.57%, reaching ¥13,512,809.12, indicating a focus on innovation[10] - Research and development expenses were reported at ¥50,279,132.54, down from ¥58,311,650.90, a decrease of approximately 13.5%[23] - Tax and additional fees increased by 32.66% year-on-year to ¥4,341,175.79, primarily due to an increase in turnover tax[13] - Interest income decreased by 44.04% year-on-year to ¥523,172.42, attributed to reduced financial support from related enterprises[13] - Other income fell by 74.45% year-on-year to ¥4,753,091.35, mainly due to a decrease in tax refund receipts during the reporting period[13] - Investment income decreased by 93.67% year-on-year to ¥799,368.36, significantly impacted by confirmed investment losses from overseas affiliated companies[13] - The company reported a 168.17% year-on-year increase in income tax expenses to ¥1,716,963.08, driven by an increase in taxable income[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,059[16] - The largest shareholder, Guangzhou Hengmao Venture Capital Partnership, holds 14.96% of shares, amounting to 36,705,964 shares, with 9,500,000 shares pledged[16] Financial Reporting - The company did not conduct an audit for the third quarter financial report[27]

Financial Performance - Revenue for Q3 2025 was CNY 442,274,262.68, a decrease of 15.97% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 49,047,151.29, down 32.45% year-on-year[4] - Basic earnings per share decreased by 33.50% to CNY 0.0647[4] - Total operating revenue for the current period was ¥1,148,311,440.52, a decrease of approximately 7.68% from ¥1,243,713,095.97 in the previous period[19] - The company reported a net loss of ¥24,427,963.98, compared to a net loss of ¥11,765,449.36 in the previous period, indicating a significant decline in profitability[20] - The company’s basic earnings per share decreased to ¥0.0098 from ¥0.0468 in the previous period, indicating a decline in shareholder value[20] - The company reported a total comprehensive loss of ¥24,427,963.98, compared to a comprehensive loss of ¥11,765,449.36 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,267,139,589.21, a decline of 6.48% from the previous year[4] - Total assets decreased to ¥4,267,139,589.21 from ¥4,562,827,833.33, a decline of approximately 6.46%[17] - Total liabilities decreased to ¥1,294,272,425.91 from ¥1,329,306,095.86, reflecting a reduction of about 2.63%[17] - The company’s equity attributable to shareholders decreased to ¥2,518,665,147.06 from ¥2,639,824,720.18, a decline of approximately 4.58%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 282,187,685.17, representing a 14.58% increase in outflow compared to the previous year[4] - Operating cash flow for the period was negative at ¥282,187,685.17, an improvement from the previous period's negative cash flow of ¥330,355,946.24[21] - The net cash flow from financing activities was negative at ¥33,768,874.68, an improvement from the previous period's negative cash flow of ¥137,428,213.01[22] Expenses - The company recorded a significant increase in operating expenses, with non-operating expenses rising by 6299.33% to CNY 8,344,505.82, mainly due to provisions for pending litigation[9] - The company's net profit margin was impacted by an increase in R&D expenses, which totaled ¥275,580,361.43, compared to ¥300,380,589.68 in the previous period, indicating a decrease of approximately 8.25%[19] - The company incurred total operating expenses of ¥1,417,017,531.50, slightly up from ¥1,409,945,674.18 in the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,123[10] - The largest shareholder, Chen Hang, holds 16.67% of shares, totaling 126,447,904 shares, with 94,835,928 shares under lock-up and 47,614,560 shares pledged[10] - The second largest shareholder, Linzhi Tencent Technology Co., Ltd., holds 7.87% of shares, totaling 59,659,892 shares, with no shares under lock-up[10] - The total number of shares under lock-up for the top 10 shareholders is 136,370,550 shares[13] - The total number of shares held by the top 10 unrestricted shareholders is 59,659,892 shares for Linzhi Tencent Technology Co., Ltd.[11] - The total number of shares held by the top 10 unrestricted shareholders includes 6,817,900 shares from a repurchase account, accounting for 0.90% of the total shares[11] - The total number of shares held by the top 10 shareholders participating in margin trading is 6,426,948 shares for shareholder Wang Yan[11] Investments - The company’s investment income increased by 114.82% to CNY 826,371.03, mainly due to higher interest income from time deposits[8] - Long-term investments in equity decreased slightly to ¥232,797,610.96 from ¥238,134,954.20, indicating a decrease of about 2.22%[16] Inventory - Inventory increased by 35.08% to CNY 221,950,029.08, attributed to rising contract performance costs for customized projects[8] - Inventory rose to ¥221,950,029.08 from ¥164,308,776.42, marking an increase of about 35.06%[16] Borrowings - The company raised ¥227,498,560.00 in new borrowings, compared to ¥193,920,000.00 in the previous period, reflecting an increase in financing activities[22]

Financial Performance - Q3 2025 revenue was CNY 232,700,765.01, a decrease of 8.57% year-over-year[3] - Net profit attributable to shareholders was CNY 87,413,583.39, down 18.56% compared to the same period last year[3] - Basic earnings per share decreased by 19.23% to CNY 0.21[3] - Total operating revenue for the current period was ¥698,482,971.70, a decrease of 5.93% from ¥742,592,310.69 in the previous period[16] - Net profit for the current period was ¥319,127,729.38, down 3.16% from ¥329,170,774.03 in the previous period[17] - Basic and diluted earnings per share were both ¥0.77, compared to ¥0.79 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,256,343,628.53, an increase of 1.03% from the previous year[3] - The company's total current assets amount to 4,069,777,696.03 yuan, slightly up from 4,031,027,683.34 yuan at the beginning of the period[12] - The total assets of the company are 4,256,343,628.53 yuan, compared to 4,212,935,512.19 yuan at the beginning of the period[12] - Total liabilities decreased to ¥415,238,684.24 from ¥503,308,297.28, indicating improved financial health[16] - The total non-current assets are valued at 186,565,932.50 yuan, up from 181,907,828.85 yuan at the beginning of the period[12] Cash Flow - Cash flow from operating activities increased by 46.62% to CNY 373,873,312.34[8] - The company reported a net cash flow from operating activities of ¥968,921,271.00, up from ¥687,091,890.78 in the previous period[18] - Cash inflow from investment activities was ¥4,393,490,859.77, compared to ¥4,294,563,739.42 in the previous period[18] - Net cash flow from investing activities was -$578.39 million, compared to -$177.70 million in the previous period[19] - Net cash flow from financing activities was -$187.65 million, an increase from -$120.10 million year-over-year[19] - The net increase in cash and cash equivalents was -$392.16 million, compared to -$42.79 million in the prior period[19] - The ending balance of cash and cash equivalents was $659.26 million, down from $1.17 billion at the end of the previous period[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,997[9] - The largest shareholder, Shandong Guangdian Media Group Co., Ltd., holds 69.59% of shares, totaling 290,180,387 shares[9] - The second-largest shareholder, Deqing Puying Investment Management Partnership, holds 8.85% of shares, totaling 36,910,619 shares[9] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[10] Operational Insights - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in the upcoming quarters[17] - Total operating costs decreased slightly to ¥388,670,897.00 from ¥390,944,829.41, reflecting a cost reduction strategy[16] Other Financial Metrics - The company’s weighted average return on equity was 2.29%, a decrease of 0.75% from the previous year[3] - The company has no preferred shareholders or changes in restricted shares during the reporting period[10] - The company reported a significant increase in prepayments by 1339.78% to CNY 17,066,107.42[7] - Inventory increased by 378.17% to CNY 8,124,536.56, mainly due to an increase in copyright inventory[7] - Non-operating income rose dramatically by 19667.76% to CNY 4,041,786.32, primarily from government subsidies[7] - The company’s third-quarter financial report was not audited[20]

隆扬电子（昆山）股份有限公司 2025 年第三季度报告 证券代码：301389 证券简称：隆扬电子 公告编号：2025-079 隆扬电子（昆山）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 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） | 136,868,277.85 | 73.29% | 291,161,577.90 | 39.54% | | 归属于上市公司股东 | 27,157,900. ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥627,863,129.86, representing a 35.97% increase year-over-year[4] - Net profit attributable to shareholders surged to ¥17,793,178.39, a remarkable increase of 415.96% compared to the same period last year[4] - The basic earnings per share for the period was ¥0.0299, reflecting a growth of 418.09% year-over-year[4] - Total operating revenue for the current period reached ¥1,715,772,065.73, an increase of 30.2% compared to ¥1,317,806,652.07 in the previous period[17] - Net profit for the current period was ¥26,059,328.50, a significant recovery from a net loss of ¥5,714,273.57 in the previous period[18] - Earnings per share (basic and diluted) improved to ¥0.0541, compared to ¥0.0060 in the prior period[18] - The total comprehensive income for the current period was ¥25,151,947.73, recovering from a loss of -¥6,211,547.70 in the prior period[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥15,304,195,742.46, showing a slight increase of 0.07% from the end of the previous year[4] - The company’s total liabilities increased, with long-term borrowings rising by 44.28% to ¥6,860,827,339.14[8] - Total liabilities decreased slightly to ¥12,048,097,355.29 from ¥12,062,773,542.16[15] - Non-current liabilities increased to ¥7,416,257,535.87 from ¥5,298,107,152.71, indicating a rise of 40.0%[15] - The total equity attributable to shareholders of the parent company rose to ¥3,393,755,784.12 from ¥3,361,683,048.50, reflecting a growth of 1.0%[15] Cash Flow - The company reported a net cash flow from operating activities of -¥2,375,171,150.41, a decrease of 35.50% compared to the previous year[4] - Operating cash inflow for the current period reached ¥2,277,948,060.20, an increase of 19.1% compared to ¥1,912,983,160.40 in the previous period[19] - Net cash outflow from operating activities was ¥2,375,171,150.41, worsening from a net outflow of ¥1,752,947,755.94 in the previous period[19] - Cash inflow from investment activities totaled ¥55,706,929.80, a decrease from ¥132,728.52 in the previous period[20] - Net cash outflow from investment activities was ¥249,064,280.38, compared to a smaller outflow of ¥6,950,775.86 in the previous period[20] - Cash inflow from financing activities amounted to ¥4,498,966,001.99, significantly up from ¥773,984,805.34 in the previous period[20] - Net cash inflow from financing activities was ¥2,991,829,657.95, compared to a net inflow of ¥189,441,247.34 in the previous period[20] - The net increase in cash and cash equivalents for the current period was ¥366,344,100.64, contrasting with a net decrease of ¥1,571,007,852.30 in the previous period[20] - The ending balance of cash and cash equivalents was ¥1,977,143,984.94, up from ¥1,162,131,282.82 in the previous period[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,276, with the largest shareholder holding 50.87% of the shares[9] - The company reported a total of 301,411,311 shares held by its largest shareholder, Shenzhen Investment Holdings, representing a significant ownership stake[10] Investments and Expenses - The total investment income for the period increased by 1254.79% to ¥734,579.47, indicating improved performance from joint ventures[8] - The company reported a significant increase in sales expenses, which rose by 128.58% to ¥33,645,290.55 due to increased promotional activities[8] - The company reported a significant increase in tax expenses, which rose to ¥21,952,156.78 from ¥1,220,320.38[18] Other Information - The company plans to issue non-public corporate bonds with a total amount not exceeding RMB 1.2 billion, with a term of up to 5 years[12] - The company has received confirmation from the Shenzhen Stock Exchange regarding the compliance of its bond issuance with listing conditions[12] - The company did not undergo an audit for the third quarter financial report[21] - The company will implement new accounting standards starting from 2025[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥441,005,656.03, an increase of 3.85% compared to the same period last year[5] - The net profit attributable to shareholders was -¥5,431,007.65, a decrease of 80.85% year-on-year[5] - The basic earnings per share were -¥0.0032, reflecting an 80.12% decline compared to the previous year[5] - Net profit for the current period was a loss of ¥43,795,189.97, compared to a loss of ¥22,762,628.51 in the previous period, indicating a significant increase in losses[22] - Basic and diluted earnings per share were both -0.0227, compared to -0.0127 in the previous period, indicating worsening financial performance[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,549,105,118.51, down 7.64% from the end of the previous year[5] - The total assets decreased to ¥4,549,105,118.51 from ¥4,925,480,663.55, a decline of 7.6%[20] - Total liabilities decreased to ¥2,114,058,956.84 from ¥2,404,642,325.39, a reduction of 12.1%[20] - The total equity attributable to shareholders decreased by 3.25% to ¥2,366,633,179.74 compared to the previous year-end[5] - The total equity attributable to shareholders decreased to ¥2,366,633,179.74 from ¥2,446,156,072.62, a decline of 3.3%[20] Cash Flow - Cash flow from operating activities showed a net outflow of -¥211,244,059.39, a significant decrease of 191.84% year-on-year[5] - Net cash flow from operating activities decreased by CNY 138,860,253.05, a decline of 191.84%, mainly due to reduced cash collections and funds released from litigation freezes[15] - Operating cash inflow for the current period was $1,433,381,549.10, down from $1,648,748,183.94 in the previous period, representing a decrease of approximately 13.06%[25] - Total cash outflow from operating activities was $1,644,625,608.49, compared to $1,721,131,990.28 in the previous period, a decrease of approximately 4.45%[26] Investment and Income - The company reported a significant increase in investment income of ¥37,519,833.63 compared to a loss of ¥8,600,004.44 in the previous period[22] - Investment income rose by CNY 46,119,838.07, an increase of 536.28%, driven by higher gains from the disposal of long-term equity investments and reduced investment losses from joint ventures[15] - Cash inflow from investment activities totaled $966,025,138.39, an increase from $852,023,083.36, marking a growth of about 13.39%[26] - The company received $1,371,997,654.03 in cash from sales, down from $1,534,580,059.37, a decrease of about 10.59%[25] Expenses and Losses - Financial expenses increased by CNY 12,315,466.63, a growth of 223.56%, primarily due to increased interest expenses and decreased interest income during the reporting period[15] - Research and development expenses were ¥26,293,438.00, down 24.4% from ¥34,690,204.94 in the previous period, reflecting a cost-cutting strategy[22] - Credit impairment losses increased by CNY 14,482,415.02, a growth of 133.94%, mainly due to increased provisions for bad debts on accounts receivable and long-term receivables[15] - Asset impairment losses increased by CNY 34,941,017.56, a growth of 139.81%, primarily due to increased provisions for inventory and other non-current asset impairments[15] Other Financial Metrics - The company experienced a 68.04% increase in prepayments, totaling an increase of ¥939,131.20, primarily due to higher material procurement[9] - Tax and additional charges decreased by CNY 2,877,437.70, a decline of 36.00% compared to the same period last year, mainly due to reduced tax payments during the reporting period[15] - Other income decreased by CNY 279,895.46, a decline of 55.27%, mainly due to reduced government subsidies recognized in other income during the reporting period[15] - Fair value changes in financial assets decreased by CNY 7,388,662.38, a decline of 70.18%, primarily due to reduced losses from fair value changes in trading financial assets during the reporting period[15]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,193,476,416.44, representing a year-on-year increase of 22.48%[4] - The total profit for the period was ¥436,376,462.25, reflecting a growth of 17.88% compared to the same period last year[4] - Net profit attributable to shareholders was ¥369,153,830.47, which is a 15.15% increase year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥350,555,593.37, up by 21.96% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥8,357,282,726.53, a 27.1% increase from ¥6,578,233,006.32 in the same period of 2024[31] - Net profit for the first three quarters of 2025 was ¥900,127,799.19, representing a 14.1% increase compared to ¥788,437,873.02 in 2024[32] - Total comprehensive income for the period reached CNY 1,021,389,436.43, an increase from CNY 734,752,727.29 in the previous year, representing a growth of approximately 39.1%[33] - Basic earnings per share increased to CNY 1.47 from CNY 1.28, reflecting a growth of 14.8%[33] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥16,295,196,186.84, an increase of 27.45% compared to the end of the previous year[5] - The company's total assets amounted to ¥16,295,196,186.84, an increase from ¥12,786,035,768.51 in the previous year[29] - Total liabilities increased to ¥8,358,517,195.85, compared to ¥5,845,772,549.43 in the previous year[28] - The company's cash and cash equivalents increased significantly, contributing to a total current asset of ¥12,413,012,929.47, up from ¥9,255,312,766.25[28] - The total equity attributable to shareholders increased to ¥7,543,601,793.54 from ¥6,555,921,414.57[29] - The company’s financial leverage ratio improved, with total non-current liabilities decreasing to ¥3,105,074,614.72 from ¥520,266,294.43[28] Cash Flow - Cash flow from operating activities showed a net amount of ¥591,072,239.03, which decreased by 4.94% year-on-year[4] - Net cash flow from operating activities was CNY 591,072,239.03, a decrease of 4.9% compared to CNY 621,782,356.71 in the same period last year[36] - Total cash inflow from operating activities was CNY 9,588,773,031.27, compared to CNY 7,028,372,372.06 in the previous year, marking a growth of 36.2%[36] - Cash received from sales of goods and services amounted to CNY 9,372,410,961.11, up 39.4% from CNY 6,746,322,047.10 in the previous year[35] - The company reported a net cash outflow from investing activities of CNY -2,761,056,001.48, compared to CNY -356,583,075.90 in the same period last year, indicating increased investment activities[36] - Cash flow from financing activities generated a net inflow of CNY 2,693,201,640.46, a significant improvement from a net outflow of CNY -315,006,668.77 in the previous year[37] Research and Development - The total number of projects under research increased to 536, a growth of 24.07% compared to the same period last year[15] - The company has 181 projects under research for electronic parking brake systems, with 89 of them related to new energy vehicles[17] - The company has 30 projects under research for advanced driver assistance systems, with 21 related to new energy vehicles[19] - Research and development expenses for the first three quarters of 2025 were ¥444,359,277.04, compared to ¥384,465,444.08 in the same period of 2024, indicating a focus on innovation[32] Sales and Production - The company's main business revenue for the first nine months of 2025 reached CNY 816.70 million, representing a year-on-year growth of 28.05%[14] - Sales of smart electronic control products increased to 4,732,944 units, a year-on-year growth of 41.56%[14] - The sales of lightweight brake components reached 10,470,910 units, reflecting a year-on-year growth of 8.38%[14] - The number of new designated projects reached 413, marking a 37.21% increase year-on-year, with an expected annualized revenue of CNY 7.10 billion[15] - The company is actively expanding its production capacity, with the second phase of the Mexico project progressing as planned[22] Government Support - The company received government subsidies amounting to ¥13,474,172.57 during the period, contributing positively to its financial performance[7] Inventory and Expenses - The company reported a significant increase in inventory, which rose to ¥1,680,749,431.54 from ¥1,419,969,043.80[28] - The company experienced a 73.10% increase in prepaid expenses, primarily due to higher advance payments for materials[9]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 955,941,246.58, representing a year-on-year increase of 2.06%[2] - The total profit for the period reached CNY 2,926,766.12, a significant increase of 103.73% compared to the same period last year[2] - The net profit attributable to shareholders was CNY -29,513,133.63, reflecting a decrease of 54.53% year-on-year[2] - Net profit for the period reached 97.49 million, a year-on-year increase of 39.74% driven by enhanced market expansion and cost control efforts[9] - The net profit attributable to shareholders of the listed company for the current period was 54.53 million, showing an upward trend[10] - The company reported a net profit of 54.64 million after deducting non-recurring gains and losses for the current period, indicating strong operational performance[10] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 10,071,259,201.40, an increase of 17.80% from the end of the previous year[3] - The total liabilities decreased to ¥4,123,594,979.20 from ¥5,462,050,962.13, indicating a reduction of approximately 24.5%[17] - Total equity increased to ¥5,947,664,222.20 from ¥3,087,474,614.29, marking an increase of about 92.5%[17] - The company's cash and cash equivalents amounted to RMB 4,752,219,484.20, up from RMB 2,578,925,721.96, indicating a significant increase of about 84.5%[15] - The total current liabilities decreased from RMB 5,276,581,947.77 to RMB 3,973,600,035.20, representing a reduction of approximately 24.7%[16] Cash Flow - The company reported a net cash flow from operating activities of CNY -993,217,878.61, a decrease of 15.86% year-on-year[2] - The net cash flow from operating activities was -993,217,878.61, compared to -1,180,454,228.23 in the previous period, indicating an improvement[24] - The net cash flow from financing activities was 2,897,055,293.20, significantly higher than 246,418,022.67 in the previous period[25] - The total cash and cash equivalents at the end of the period reached 4,678,217,771.03, compared to 1,415,185,598.53 at the end of the previous period[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 160,230[12] - The largest shareholder, China Electronics Corporation, holds 27.07% of the shares, totaling 252,814,614 shares[12] Operational Strategies - The company focused on enhancing market development and project delivery, leading to a 105.42% increase in operating profit year-to-date[8] - The company plans to continue its strategy of cost control and efficiency improvement to enhance profitability in the future[8] - The company has implemented strategies to enhance project delivery and market development, contributing to profit growth[9] Subsidiary and Inventory Management - The company completed the deregistration of its subsidiary Zhongruan Yuntai on September 30, 2025, as part of its restructuring strategy[14] - The company also deregistered its subsidiary Zhongruan Yunzhen on September 30, 2025, further indicating a focus on streamlining operations[14] - The company reported a significant decrease in inventory from RMB 1,022,328,282.27 to RMB 542,477,865.26, a reduction of approximately 47%[15] Earnings Per Share - The basic earnings per share for the period was CNY -0.03, a decrease of 60.49% compared to the same period last year[2] - Basic earnings per share for the first three quarters of 2025 was -¥0.12, compared to -¥0.40 in the same period of 2024[21]

Financial Performance - The company's operating revenue for the third quarter reached ¥133,479,790.94, representing a year-on-year increase of 64.21%[4] - Total profit for the third quarter was ¥33,778,939.18, a significant increase of 482.42% compared to the same period last year[4] - Net profit attributable to shareholders for the third quarter was ¥28,169,723.24, reflecting a remarkable growth of 725.08% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.15, an increase of 1,400.00% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses for the third quarter was ¥28,014,131.45, up 831.80% year-on-year[4] - The total profit for the year-to-date period reached ¥62,147,765.34, an increase of 267.38% compared to the same period last year[4] - The net profit for the first three quarters of 2025 reached CNY 51,065,094.56, a significant increase from CNY 11,703,161.81 in the same period of 2024, representing a growth of approximately 336%[22] - Operating profit for the first three quarters of 2025 was CNY 62,439,886.54, compared to CNY 16,744,290.59 in 2024, indicating an increase of about 273%[22] - The company’s total profit for the first three quarters of 2025 was CNY 62,147,765.34, significantly higher than CNY 16,916,304.96 in 2024, marking an increase of approximately 267%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,300,343,999.31, showing a slight increase of 0.08% from the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 1,300,343,999.31, slightly up from RMB 1,299,303,800.84 at the end of 2024[16] - Total liabilities decreased to RMB 253,497,295.76 from RMB 277,800,311.31, a decline of 8.8%[16] - Shareholders' equity increased to RMB 1,046,846,703.55 from RMB 1,021,503,489.53, showing a growth of 2.5%[17] Cash Flow - The company reported cash flow from operating activities of ¥54,837,824.61 for the year-to-date period[5] - Cash flow from operating activities generated a net amount of CNY 54,837,824.61 in the first three quarters of 2025, a turnaround from a negative cash flow of CNY -35,848,887.51 in 2024[24] - Investment activities resulted in a net cash outflow of CNY -33,380,323.67 in the first three quarters of 2025, compared to CNY -81,921,966.52 in 2024, indicating improved cash management[24] Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 280,548,428.53, up from RMB 241,661,856.10 in 2024, reflecting a rise of 16.1%[20] - Research and development expenses increased to RMB 18,855,723.67 in the first three quarters of 2025, compared to RMB 16,016,260.29 in 2024, marking a growth of 17.4%[20] - The company incurred financial expenses of CNY -1,193,336.80 in the first three quarters of 2025, a decrease from CNY -2,628,413.01 in 2024[21] - The company reported a decrease in asset impairment losses to CNY -7,106,094.71 in 2025 from CNY -5,962,324.69 in 2024, indicating improved asset management[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,732[12] - The company reported a basic earnings per share of CNY 0.27 for the first three quarters of 2025, compared to CNY 0.06 in the same period of 2024[22] Inventory and Receivables - Accounts receivable decreased to RMB 378,664,907.31 from RMB 450,006,338.43, indicating a reduction of 15.9%[15] - Inventory increased to RMB 215,406,599.78 from RMB 185,035,082.12, reflecting a growth of 16.4%[15] Cash and Cash Equivalents - Cash and cash equivalents as of September 30, 2025, were RMB 143,237,185.79, a decrease from RMB 150,318,552.95 at the end of 2024[14] - The total cash and cash equivalents at the end of the third quarter of 2025 stood at CNY 138,950,852.46, down from CNY 182,762,151.96 at the end of the third quarter of 2024[25]