Financial Performance - The company's operating revenue for the third quarter was ¥11,679,245,336.67, a decrease of 6.15% compared to the same period last year[5]. - Total profit for the quarter reached ¥2,229,226,403.23, reflecting an increase of 7.85% year-on-year[5]. - The net profit attributable to shareholders was ¥1,140,541,197.69, showing a slight increase of 0.80% compared to the previous year[5]. - The basic earnings per share for the quarter was ¥0.3776, which is a decrease of 0.85% year-on-year[6]. - The weighted average return on equity was 5.18%, a decrease of 0.24 percentage points compared to the previous year[6]. - Total operating revenue for the first three quarters of 2025 was CNY 32,154,106,273.03, a decrease of 1.26% compared to CNY 32,565,921,071.98 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 reached CNY 5,160,992,139.28, an increase of 17.66% compared to CNY 4,385,395,646.43 in 2024[22]. - Operating profit improved to CNY 6,261,169,549.91, up from CNY 5,287,752,702.32 in the previous year, reflecting a growth of 18.43%[22]. - The company reported a total comprehensive income of CNY 5,040,529,274.03 for the first three quarters of 2025, compared to CNY 4,345,549,143.77 in 2024, indicating an increase of 16.01%[23]. Assets and Liabilities - Total assets at the end of the quarter amounted to ¥200,857,324,066.35, representing a 6.06% increase from the end of the previous year[6]. - The company's total assets increased to CNY 200,857,324,066.35, compared to CNY 189,377,708,919.86 at the end of the previous year, marking a growth of 6.93%[19]. - Total liabilities rose to CNY 140,203,236,733.26, up from CNY 136,157,030,712.59, indicating a growth of 2.26%[19]. - The total liabilities increased to CNY 38,371,421,942.78 in 2025 from CNY 36,742,630,066.15 in 2024, reflecting a growth of 4.44%[30]. - The total equity decreased slightly to CNY 23,018,729,689.71 in 2025 from CNY 23,037,068,127.82 in 2024, indicating a marginal decline of 0.08%[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥12,428,628,141.43, an increase of 65.52% compared to the same period last year[6]. - Cash flow from operating activities for the first three quarters of 2025 reached CNY 12.43 billion, a significant increase of 65.5% compared to CNY 7.51 billion in the same period of 2024[25]. - Total cash inflow from operating activities was CNY 35.02 billion, up from CNY 33.38 billion year-over-year, reflecting a growth of 4.9%[26]. - Cash outflow from operating activities decreased to CNY 22.59 billion from CNY 25.87 billion, indicating a reduction of 12.5%[26]. - The company's cash and cash equivalents at the end of September 2025 totaled CNY 8.98 billion, up from CNY 7.63 billion at the end of 2024, representing a growth of 17.8%[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 189,539[13]. - The largest shareholder, State Power Investment Corporation, holds 1,251,588,074 shares, representing 44.36% of total shares[13]. - The top ten shareholders hold a significant portion of shares, with the top two alone accounting for 57.24%[14]. - No changes in the shareholding structure due to securities lending activities were reported[14]. Investment Activities - Investment activities generated a net cash outflow of CNY 9.47 billion, worsening from a net outflow of CNY 7.64 billion in the previous year[27]. - The investment activities generated a net cash outflow of CNY 15,412,430.17 in 2025, an improvement from a net outflow of CNY 345,554,170.63 in 2024[35].

Financial Performance - The company's operating revenue for the third quarter was CNY 1,979,955,958.87, a decrease of 9.22% compared to the same period last year[5]. - The total profit for the year-to-date period was CNY 120,131,843.56, reflecting a decrease of 12.13% year-on-year[5]. - The net profit attributable to shareholders for the year-to-date period was CNY 101,535,463.51, with a significant drop in net profit excluding non-recurring gains and losses, amounting to CNY -202,536,912.43[5]. - The basic earnings per share for the third quarter was CNY 0.0022, while the diluted earnings per share was also CNY 0.0022[5]. - The weighted average return on equity for the third quarter was 0.05%, down from 1.22% at the end of the previous year[6]. - The net profit for the current period is CNY 102,664,419.72, a significant recovery from a net loss of CNY 113,781,148.41 in the previous period[20]. - Operating profit stands at CNY 122,947,232.31, compared to an operating loss of CNY 107,981,688.39 last year, indicating a turnaround in operational performance[19]. - The total comprehensive income attributable to the parent company is CNY 101,535,463.51, recovering from a loss of CNY 114,643,537.63 in the previous period[20]. - The basic and diluted earnings per share are both CNY -0.0573, compared to CNY 0.0508 in the prior year, indicating a decline in profitability per share[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,332,385,745.12, a decrease of 5.23% compared to the end of the previous year[6]. - The equity attributable to shareholders increased to CNY 8,367,934,079.30, reflecting a growth of 1.11% from the previous year-end[6]. - The company reported a total liability of CNY 7,670,648,086.41 as of September 30, 2025, down from CNY 8,663,879,094.54 in 2024[16]. - The total equity attributable to shareholders was CNY 8,367,934,079.30 as of September 30, 2025, an increase from CNY 8,276,398,615.79 at the end of 2024[16]. - Cash and cash equivalents decreased to CNY 3,474,767,423.35 from CNY 4,200,560,773.33 in the previous year[14]. - The company’s long-term investments were valued at CNY 1,395,256,577.04 as of September 30, 2025, down from CNY 1,472,105,561.94 at the end of 2024[14]. - The company’s inventory decreased to CNY 1,051,471,882.09 from CNY 1,507,392,268.51 in the previous year[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -258,044,680.95, indicating challenges in cash generation[5]. - The net cash flow from operating activities is negative at CNY -258,044,680.95, an improvement from CNY -2,313,518,166.89 in the previous year[22]. - Investment activities generated a net cash outflow of CNY -433,572,937.93, contrasting with a net inflow of CNY 891,991,607.95 last year[22]. Revenue and Costs - Total operating revenue for the first three quarters of 2025 was CNY 7,010,936,212.38, a decrease of 12.16% compared to CNY 7,978,602,563.63 in the same period of 2024[18]. - Total operating costs for the first three quarters of 2025 amounted to CNY 7,476,471,528.68, down 13.09% from CNY 8,604,160,516.47 in the previous year[18]. - Operating costs included CNY 6,764,604,739.56 in operating expenses for 2025, which decreased from CNY 7,737,215,546.64 in 2024[18]. - Total revenue from sales of goods and services received cash of CNY 7,323,460,803.93, down from CNY 7,969,543,626.21 in the same period last year, representing a decline of 8.1%[22]. Non-Recurring Items - Non-recurring gains and losses for the year-to-date period totaled CNY 119,799,891.80, with significant contributions from government subsidies and asset disposals[8]. - The company implemented measures to stabilize prices, adjust sales structure, and reduce costs, which contributed to performance improvement[7]. Research and Development - Research and development expenses decreased to CNY 218,612,033.01 from CNY 344,674,062.48, reflecting a 36.6% reduction year-over-year[19]. Taxation - The company reported a tax expense of CNY 17,467,423.84, up from CNY 8,100,443.01 in the previous period, indicating increased tax obligations[19].

Financial Performance - The company's operating revenue for the third quarter was ¥144,395,619.59, an increase of 3.73% compared to the same period last year[4]. - The total profit for the quarter was -¥27,735,730.04, representing a decrease of 74.46% year-on-year[4]. - The net profit attributable to shareholders was -¥28,298,806.17, a decline of 74.42% compared to the previous year[4]. - The net profit after deducting non-recurring gains and losses was -¥31,019,034.24, down 73.01% year-on-year[4]. - The basic and diluted earnings per share for the quarter were both -¥0.0430, a decrease of 74.44% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 was approximately ¥628 million, a decrease of 22% compared to ¥806 million in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was approximately -¥100 million, compared to -¥99 million in the same period of 2024, indicating a slight increase in losses[21]. - Basic and diluted earnings per share remained at -¥0.15 for both 2025 and 2024[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,186,342,582.09, a slight decrease of 0.28% from the end of the previous year[5]. - The equity attributable to shareholders was ¥2,068,478,599.78, down 4.77% from the previous year[5]. - The company's current assets totaled RMB 2,011,194,706.16, compared to RMB 2,006,088,143.53 in the previous year, indicating a marginal increase[15]. - The total liabilities of the company reached RMB 1,107,413,408.56, up from RMB 1,009,980,206.08 in the previous year[17]. - The owner's equity decreased to RMB 2,078,929,173.53 from RMB 2,185,218,563.94 year-over-year[17]. - The total non-current assets were valued at RMB 1,175,147,875.93, down from RMB 1,189,110,626.49[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥117,935,749.64, with a decrease of 53.96%[5]. - Net cash flow from operating activities for the first three quarters of 2025 was approximately -¥118 million, an improvement from -¥256 million in the same period of 2024[22]. - Cash and cash equivalents at the end of the first three quarters of 2025 were approximately ¥341 million, compared to ¥319 million at the end of the same period in 2024[23]. - The company reported a net cash outflow from investing activities of approximately -¥50.6 million in 2025, compared to -¥8.3 million in 2024, reflecting increased investment expenditures[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 115,792[11]. - The company reported a decrease in unallocated profits to RMB 102,188,231.43 from RMB 202,683,823.37, indicating a significant decline[17]. Expenses - The company reported a significant reduction in research and development expenses, totaling approximately ¥14 million in 2025, down from ¥17 million in 2024[20]. - The company incurred a financial expense of approximately ¥4.9 million in the first three quarters of 2025, compared to a financial income of approximately ¥2.1 million in the same period of 2024[20]. Borrowings - Short-term borrowings increased to RMB 269,814,893.36 from RMB 198,262,341.42 year-over-year[16]. - The company received approximately ¥390 million in borrowings during the first three quarters of 2025, compared to ¥157 million in the same period of 2024, indicating increased financing activity[23].

Financial Performance - The company's revenue for Q3 2025 reached ¥204,252,971.68, representing a 15.92% increase year-over-year, and a total revenue of ¥677,207,592.56 for the year-to-date, up 36.56% compared to the previous year[5] - Net profit attributable to shareholders for Q3 2025 was ¥7,512,447.96, with a year-to-date net profit of ¥30,649,661.14[5] - The basic earnings per share for Q3 2025 was ¥0.0320, with a year-to-date diluted earnings per share also at ¥0.0320[5] - Total operating revenue for the current period reached ¥677,207,592.56, a significant increase of 36.5% compared to ¥495,914,029.76 in the previous period[18] - Net profit for the current period was ¥30,649,661.14, compared to a net loss of ¥27,095,667.71 in the previous period, marking a turnaround[19] - Comprehensive income totaled ¥49,771,103.72, recovering from a loss of ¥15,297,298.51 in the prior period[19] - Earnings per share (EPS) for the current period was ¥0.1306, compared to a loss per share of ¥0.1154 in the previous period[19] Assets and Liabilities - The company's total assets at the end of Q3 2025 were ¥1,311,049,090.87, a decrease of 3.92% from the end of the previous year[5] - Total current assets decreased from 493,349,622.78 CNY to 436,514,133.00 CNY, a reduction of approximately 11.5%[15] - Total liabilities decreased from 683,242,244.87 CNY to 578,266,687.45 CNY, a reduction of approximately 15.4%[16] - Total assets decreased from 1,364,505,572.87 CNY to 1,311,049,090.87 CNY, a decline of about 3.9%[16] - Non-current liabilities decreased from 102,141,390.67 CNY to 66,967,159.44 CNY, a reduction of approximately 34.3%[16] - The total equity attributable to shareholders of the parent company rose to ¥732,782,403.42 from ¥681,263,328.00 in the previous period[17] - Total liabilities and equity amounted to ¥1,311,049,090.87, down from ¥1,364,505,572.87 in the previous period[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥29,171,491.18, reflecting a 40.51% increase[5] - Cash generated from operating activities was ¥466,879,964.52, an increase from ¥360,843,132.06 in the previous period[20] - Net cash flow from operating activities amounted to ¥29,171,491.18, an increase from ¥20,760,497.66 in the previous period, representing an increase of approximately 40.5%[21] - Cash inflow from operating activities totaled ¥486,606,479.43, compared to ¥378,643,357.52, marking an increase of about 28.6%[21] - The ending balance of cash and cash equivalents was ¥53,861,100.72, down from ¥80,853,391.42, representing a decrease of approximately 33.4%[21] - The company reported a cash inflow from borrowing of ¥280,000,000.00, an increase from ¥223,000,000.00, reflecting a growth of about 25.6%[21] - The company’s cash flow from investment activities showed a net outflow of -¥34,365,096.79, slightly improved from -¥35,500,387.73[21] Operational Efficiency - The company's gross profit margin improved, with operating income increasing by 36.56% driven by higher sales of intermediate products[10] - Cash received from sales increased by 29.39% to ¥466,879,964.52, indicating improved cash flow management[10] - Research and development expenses increased to ¥32,223,061.62, compared to ¥26,750,052.91 in the previous period, reflecting a focus on innovation[18] - Cash outflow for purchasing goods and services was ¥274,964,462.97, up from ¥205,472,176.56, indicating an increase of approximately 33.7%[21] - The company’s cash flow from operating activities was significantly impacted by an increase in payments to employees, which rose to ¥122,864,076.13 from ¥107,168,048.08, an increase of approximately 14.7%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,582[12] - Zhejiang Yangfan Holding Group Co., Ltd. holds 22.04% of shares, totaling 51,729,200 shares[12]

长芯博创科技股份有限公司 2025 年第三季度报告 证券代码：300548 证券简称：长芯博创 公告编号：2025-076 长芯博创科技股份有限公司 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、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 长芯博创科技股份有限公司 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） | 593,660,910.40 | 23.3 ...

Financial Performance - The company's operating revenue for the third quarter was ¥5,715,967,796.52, a decrease of 10.72% compared to the same period last year[4] - The total profit for the quarter was ¥694,695,080.20, down 24.18% year-on-year[4] - The net profit attributable to shareholders was ¥341,512,176.89, reflecting a decline of 34.33% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥346,081,981.36, a decrease of 32.78% year-on-year, primarily due to lower coal prices during the reporting period[9] - The basic earnings per share for the quarter was ¥0.09, down 35.71% from the same period last year[4] - The net profit for the first three quarters of 2025 is CNY 1,429,475,027, a decrease of 31.4% compared to CNY 2,085,595,304 in the same period of 2024[25] - The company reported a total comprehensive income of CNY 1,427,991,512.60 for the first three quarters of 2025, down from CNY 2,085,089,070.22 in 2024[25] - Net profit for the first three quarters of 2025 was CNY 835,480,555.26, down 53.6% from CNY 1,795,498,562.96 in the first three quarters of 2024[35] Revenue and Costs - Total operating revenue for the first three quarters of 2025 was CNY 16,955,561,886.87, a decrease of 8.8% compared to CNY 18,601,507,094.56 in the same period of 2024[24] - Total operating costs for the first three quarters of 2025 were CNY 14,820,400,761.77, down from CNY 15,848,544,958.52 in 2024, reflecting a reduction of 6.5%[24] - Total revenue from operating activities for the first three quarters of 2025 is CNY 18,695,505,522, down 11.0% from CNY 20,993,732,816 in 2024[28] - Total operating revenue for the first three quarters of 2025 was CNY 8,533,622,042.66, a decrease of 17.4% compared to CNY 10,339,439,886.52 in the same period of 2024[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥83,309,125,037.84, an increase of 2.89% compared to the end of the previous year[5] - Total assets increased to CNY 83,309,125,037.84 in 2025 from CNY 80,971,454,001.07 in 2024, representing a growth of 2.7%[20] - Total liabilities rose to CNY 44,840,154,336.23 in 2025, compared to CNY 43,143,989,402.41 in 2024, an increase of 3.9%[20] - Current liabilities decreased to CNY 19,041,580,762.82 in 2025 from CNY 22,208,866,571.54 in 2024, a decline of 14.5%[20] - Total current assets decreased to CNY 14,088,009,837.79 from CNY 15,118,628,732.13, reflecting a decline of 6.8%[32] - Total non-current assets increased to CNY 38,503,960,791.14 from CNY 37,821,853,882.77, representing a growth of 1.8%[32] - Total liabilities decreased to CNY 27,304,890,258.91 from CNY 27,524,661,484.95, a reduction of 0.8%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥714,750,977.91, a significant decrease of 61.62% compared to the previous year[11] - The company's net cash flow from operating activities was ¥483,525,858.66, a significant decrease of 76.7% compared to ¥2,071,958,148.52 in the same period of 2024[37] - Cash inflow from operating activities totaled ¥9,038,268,306.45, down 24.0% from ¥11,878,002,514.27 year-on-year[37] - Cash outflow from operating activities decreased to ¥8,554,742,447.79, a reduction of 12.7% compared to ¥9,806,044,365.75 in the previous year[37] - The net cash flow from financing activities is CNY 2,704,013,454.24, a decrease from CNY 4,579,370,393.55 in the same period of 2024[29] - The company's cash outflow from investment activities is CNY 3,258,911,564.57, significantly lower than CNY 10,326,381,415.86 in the previous year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 89,739[13] - The largest shareholder, Huayang New Materials Technology Group Co., Ltd., holds 2,003,021,367 shares, representing 55.52% of total shares[13] - Huayang New Materials Technology Group Co., Ltd. has pledged 275,559,560 shares, accounting for 13.76% of its total holdings and 7.64% of the company's total share capital[13] - The company has no significant changes in the top 10 shareholders or their participation in margin trading compared to the previous period[15] Investment and Development - The company plans to increase investment in the high-performance carbon fiber project, with development expenditures rising by 201.98% due to increased input for the demonstration project[11] - Research and development expenses for the first three quarters of 2025 amounted to CNY 459,359,503.45, compared to CNY 498,897,316.55 in 2024, indicating a decrease of 7.9%[24] - Research and development expenses for the first three quarters of 2025 were CNY 299,114,472.25, down 12.5% from CNY 341,814,208.35 in the same period of 2024[35] - The company has not disclosed any new product developments or market expansion strategies in the current reporting period[16] Market Performance - The company produced 31.15 million tons of raw coal and sold 30.80 million tons of commodity coal from January to September, with a comprehensive coal price of 449.82 RMB per ton[16] - Coal sales revenue reached 13.856 billion RMB, with a sales cost of 8.858 billion RMB, resulting in a gross profit of 4.998 billion RMB[16]

无锡市振华汽车部件股份有限公司 2025 年第三季度报告 证券代码：605319 证券简称：无锡振华 无锡市振华汽车部件股份有限公司 2025 年第三季度报告 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 | | 708,877,722.10 | 15.68 | 1,996,088,258.56 | 15.36 | | 利润总额 | | 144,946,392.43 | 32.24 | 392,909,923.14 | 31.65 | | 归属于上市公司股东的 | 净利润 | 117,120,703.53 | 27 ...

浙江镇洋发展股份有限公司 2025 年第三季度报告 证券代码：603213 证券简称：镇洋发展 浙江镇洋发展股份有限公司 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 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 636,756,530.03 | -26.74 | ...

四川明星电力股份有限公司 2025 年第三季度报告 证券代码：600101 证券简称：明星电力 四川明星电力股份有限公司 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： ●公司董事会及董事、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。 ●公司负责人陈峰、主管会计工作负责人张万慧及会计机构负责人（会计主管人员）李晓华保证 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 ●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 单位：元 币种：人民币 | | | 本报告期比上 | | | 年初至报告期末 | | | --- | --- | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 年同期增减变 | | 年初至报告期末 | 比上年同期增减 | | | | | 动幅度(%) | | | 变动幅度(%) | | ...

Financial Performance - Total operating revenue for the third quarter was ¥828,949,250.99, a decrease of 5.64% compared to the same period last year[4] - Total profit for the quarter was ¥47,146,388.25, down 48.46% year-on-year[4] - Net profit attributable to shareholders was ¥32,166,533.11, reflecting a decline of 57.79% compared to the previous year[4] - Basic earnings per share for the quarter were ¥0.05, a decrease of 57.79% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 2,480,694,855.85, a decrease of 3.65% compared to CNY 2,574,637,215.37 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was CNY 211,537,515.64, down 29.87% from CNY 301,513,182.20 in the first three quarters of 2024[19] - Net profit for the first three quarters of 2025 was CNY 175,749,514.10, a decline of 33.33% compared to CNY 263,734,413.16 in the same period of 2024[19] - The total comprehensive income for the period was CNY 179,181,701.49, a decrease from CNY 263,054,948.52 in the previous year[20] - Basic and diluted earnings per share were both CNY 0.24, down from CNY 0.38 in the same period last year[20] Assets and Liabilities - The company's total assets increased to ¥6,048,392,994.78, representing a growth of 5.81% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 6,048,392,994.78, an increase from CNY 5,716,391,036.80 at the end of 2024[16] - Total liabilities as of September 30, 2025, were CNY 2,465,726,016.56, compared to CNY 2,255,523,953.91 at the end of 2024, reflecting an increase of 9.31%[16] - Current assets totaled CNY 1,853,369,997.05 as of September 30, 2025, slightly up from CNY 1,835,138,408.50 at the end of 2024[15] - Long-term equity investments increased to CNY 1,004,916,288.62 as of September 30, 2025, from CNY 777,589,240.09 at the end of 2024, representing a growth of 28.97%[15] - The company's total equity as of September 30, 2025, was CNY 3,582,666,978.22, an increase from CNY 3,460,867,082.89 at the end of 2024[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥186,821,292.93, an increase of 68.67%[5] - Cash inflows from operating activities totaled CNY 1,704,494,961.34, compared to CNY 1,783,279,459.56 in the previous year, reflecting a decrease of approximately 4.4%[21][22] - The net cash flow from operating activities was CNY 186,821,292.93, an increase from CNY 110,761,755.47 year-over-year[22] - The net cash flow from investing activities was -CNY 420,787,885.70, a significant decline from CNY 57,024,062.89 in the previous year[23] - Cash inflows from financing activities amounted to CNY 1,138,937,800.00, down from CNY 1,240,480,000.00 year-over-year[23] - The net cash flow from financing activities was CNY 154,864,451.28, a turnaround from -CNY 200,212,470.63 in the previous year[23] - The ending cash and cash equivalents balance was CNY 168,559,461.02, down from CNY 266,495,725.07 at the end of the previous year[23] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 1,661,920,158.08 compared to CNY 1,701,010,357.65 in the previous year[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,804[11] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 104,479,289.72, up from CNY 88,225,454.46 in the same period of 2024, indicating a 18.43% increase[19] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]