广东盛路通信科技股份有限公司 2025 年第三季度报告 证券代码：002446 证券简称：盛路通信 公告编号：2025-045 广东盛路通信科技股份有限公司 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 公司是否需追溯调整或重述以前年度会计数据 □是 否 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 327,897,492.48 | 21.19% | 941,978,690.88 | 13.03% | | ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥67,138,998.32, representing a 5.36% increase year-over-year[5] - The net profit attributable to shareholders was -¥7,805,228.50, a 30.51% decrease compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,283,131.73, a 25.98% decrease year-over-year[5] - The company reported total operating revenue of ¥184,081,003.33 for the period from January to September 2025, an increase of 12.5% compared to ¥164,038,143.62 in the same period last year[18] - The net profit for the current period is -39,132,908.93, compared to -44,540,056.66 in the previous period, showing an improvement of approximately 12%[19] - Operating profit for the current period is -40,752,655.79, slightly better than -44,630,816.19 in the previous period, indicating a reduction in losses[19] - The company reported a total comprehensive income of -39,136,102.78, compared to -44,547,794.58 in the previous period, showing a reduction in overall losses[19] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥773,393.88, showing a significant increase of 141.79% compared to the previous year[8] - Cash flow from operating activities generated a net cash flow of 773,393.88, a significant recovery from -1,850,697.63 in the previous period[22] - Total cash and cash equivalents at the end of the period is 25,136,963.22, down from 41,254,269.77 in the previous period, reflecting a decrease of approximately 39%[23] - Cash flow from financing activities resulted in a net outflow of -2,681,896.94, compared to -12,236,573.83 in the previous period, indicating improved cash management[23] - The company received tax refunds amounting to 2,561,996.11, compared to 1,077,963.88 in the previous period, indicating better tax recovery[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥448,674,738.43, down 8.23% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, were ¥448,674,738.43, down from ¥488,913,512.57 at the beginning of the year, a decrease of about 8.2%[16] - The company’s total liabilities amounted to ¥257,970,618.68, slightly down from ¥259,073,290.04, indicating a marginal decrease of 0.4%[15] - The equity attributable to shareholders decreased by 17.03% to ¥190,704,119.75 compared to the end of the previous year[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,541[9] - The company’s controlling shareholder changed to Wuxi Haotian Yiyi Investment Co., Ltd., which now holds 19.97% of the total share capital[11] - The company’s indirect control through Blue Ocean Investment Management Center accounts for an additional 10.02%, totaling 29.99% of the voting rights[11] Operational Metrics - The basic earnings per share for the reporting period was -¥0.0321, a 30.37% improvement from -¥0.0461 in the same period last year[8] - The weighted average return on net assets was -3.71%, a slight improvement of 0.31% compared to the previous year[5] - Revenue from sales of goods and services received cash of 125,766,838.54, an increase of about 21% from 103,745,603.22 in the previous period[22] - The company's cash and cash equivalents decreased to ¥48,365,031.04 from ¥56,035,147.31, reflecting a decline of approximately 13.0%[13] - Accounts receivable increased to ¥76,099,099.55 from ¥65,450,013.40, representing a growth of about 16.5%[14] - Inventory decreased to ¥64,225,395.70 from ¥72,113,178.28, indicating a reduction of approximately 10.8%[14] Government Support - The company received government subsidies amounting to ¥1,496,244.40 during the reporting period[6] Audit Status - The company has not undergone an audit for the third quarter financial report[24]

Revenue and Profitability - The company's revenue for Q3 2025 was ¥11,994,441.11, representing a 7.73% increase year-over-year, while year-to-date revenue reached ¥94,010,641.61, up 20.95% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2025 was -¥10,290,691.50, a decrease of 37.35% year-over-year, with a year-to-date net profit of -¥17,716,273.30, reflecting a 46.66% decline[5] - The basic and diluted earnings per share for Q3 2025 were both -¥0.0239, down 37.35% from the previous year, with year-to-date earnings per share at -¥0.0411, a decrease of 46.69%[5] - Total operating revenue for the current period reached ¥94,010,641.61, an increase of 20.8% compared to ¥77,728,939.82 in the previous period[14] - Net profit for the current period was -¥17,735,722.60, an improvement from -¥33,142,483.06 in the previous period, indicating a reduction in losses[15] - Basic and diluted earnings per share improved to -¥0.0411 from -¥0.0771 in the previous period[16] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥219,243,449.74, a decrease of 7.33% from the end of the previous year, while equity attributable to shareholders dropped by 64.11% to ¥9,730,640.57[5] - The total current assets decreased from CNY 184,358,872.60 to CNY 164,989,856.81, a decline of approximately 10.5%[11] - Accounts receivable increased significantly from CNY 58,823,535.53 to CNY 102,701,237.05, representing a growth of about 74.7%[11] - Inventory decreased from CNY 63,512,672.34 to CNY 27,332,761.73, a reduction of approximately 57.0%[11] - Current liabilities decreased slightly from CNY 203,261,272.86 to CNY 200,123,660.17, a decline of about 1.1%[12] - The company's long-term equity investments decreased from CNY 13,700,342.52 to CNY 11,843,093.51, a drop of approximately 13.5%[12] - The total liabilities amounted to ¥210,979,773.23, slightly up from ¥210,910,929.67[13] - Total equity attributable to shareholders of the parent company decreased to ¥9,730,640.57 from ¥27,111,852.33, indicating a significant decline[13] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was -¥19,874,472.18, an improvement of 53.23% compared to the same period last year[9] - The company reported a net cash outflow from operating activities of -¥19,874,472.18, compared to -¥42,489,672.48 in the previous period, showing improved cash flow management[16] - The cash received from operating activities totaled ¥44,599,329.19, down from ¥110,671,022.39 in the previous period, highlighting a decrease in cash inflow[16] - Net cash flow from investment activities was -5,397,246.97, indicating a significant outflow compared to the inflow of 4,848.46[17] - The cash flow from investment activities showed a significant outflow of 5,402,095.43, highlighting increased investment expenditures[17] - The company’s investment income showed a significant loss of -¥3,842,403.74, a 390.99% decline compared to the previous year, mainly due to losses from investments in associates[8] - The company’s investment losses increased to -¥3,842,403.74 from -¥782,575.52, indicating challenges in investment performance[14] Government Support and Other Income - The company received government subsidies amounting to ¥2,141,752.35 in Q3 2025, contributing to a total of ¥5,700,501.37 year-to-date[6] - The company recorded a significant increase in other income to ¥6,395,270.93 from ¥4,475,160.97, reflecting enhanced revenue streams[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,205[10] - The largest shareholder, Chen Kunjian, holds 18.63% of the shares, amounting to 80,249,765 shares[10] - The company’s legal representative is Chen Kunjian, indicating continuity in leadership[19] Financial Reporting and Standards - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[18] - The company plans to implement new accounting standards starting in 2025, which could impact future financial reporting[18]

Financial Performance - The company's revenue for Q3 2025 was ¥302,614,140.26, a decrease of 29.28% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥25,286,892.13, representing a 44.75% increase in loss year-over-year[5] - The net profit excluding non-recurring gains and losses was a loss of ¥30,189,486.19, which is 44.68% higher than the previous year[5] - The basic earnings per share for the period was -¥0.12, a 45.45% increase in loss compared to the same period last year[5] - Total operating revenue decreased to ¥1,018,974,686.79 from ¥1,237,856,911.95, a decline of approximately 17.7% year-over-year[20] - Net profit for the period was ¥11,161,625.97, down 79.0% from ¥53,126,823.16 in the previous period[21] - Earnings per share decreased to ¥0.05 from ¥0.26, indicating a significant drop in profitability[22] - The company reported a total comprehensive income of ¥11,054,148.23, down from ¥53,022,428.15, a decrease of about 79.2% year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,298,990,710.68, down 8.95% from the end of the previous year[5] - Total current assets decreased from ¥3,702,357,916.40 to ¥3,232,093,665.30, a reduction of about 12.7%[17] - Total assets decreased from ¥4,721,673,641.60 to ¥4,298,990,710.68, a decline of approximately 8.9%[17] - The company's accounts receivable decreased from ¥1,153,594,646.38 to ¥985,354,962.78, a drop of about 14.6%[16] - The total liabilities include accounts payable of ¥597,041,029.58, down from ¥906,707,433.14, a decrease of approximately 34.1%[17] - Total liabilities decreased to ¥1,394,990,129.40 from ¥1,704,407,965.15, a reduction of about 18.1% year-over-year[18] - Total equity attributable to shareholders decreased to ¥2,902,954,957.10 from ¥3,013,639,272.82, reflecting a decline of approximately 3.7%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥3,388,132.54, a significant decrease of 97.17% compared to the same period last year[11] - Cash inflow from operating activities totaled ¥1,195,865,423.21, down from ¥1,929,512,233.46, a decrease of approximately 38.1% year-over-year[24] - The net cash flow from operating activities was 3,388,132.54, a significant decrease from 119,575,970.10 in the previous period[25] - Cash outflows from operating activities totaled 1,192,477,290.67, down from 1,809,936,263.36[25] - The net cash flow from investing activities was -218,887,143.12, compared to -158,773,165.50 in the prior period[25] - Cash inflows from investing activities amounted to 872,121,868.49, a decrease from 2,010,408,615.68[25] - Cash outflows for investment activities were 1,091,009,011.61, down from 2,169,181,781.18[25] - The net cash flow from financing activities was -118,807,006.71, compared to -198,982,976.59 previously[25] - Total cash and cash equivalents at the end of the period were 502,822,222.65, slightly down from 510,228,854.57[25] - The company experienced a cash decrease of 334,305,941.38, compared to a decrease of 238,323,998.98 in the previous period[25] Expenses and Investments - Research and development expenses decreased by 56.63% to ¥27,674,889.16 compared to the previous year[10] - Research and development expenses were ¥27,674,889.16, down 56.7% from ¥63,805,130.39, indicating a reduction in investment in innovation[21] - The company reported a 73.32% increase in taxes and surcharges, totaling ¥7,428,996.90, due to increased property tax[10] - The company experienced a 239.90% increase in accounts receivable notes, amounting to ¥323,684,478.45, attributed to increased customer payments from BYD[9] - The company is expanding its construction of charging stations, leading to a 346.22% increase in construction in progress to ¥53,684,006.34[9] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,523[13] - The largest shareholder, Lu Weiqin, holds 35.37% of shares, totaling 73,200,000 shares[13] - The company has no preferred shareholders or related party transactions disclosed in the report[14]

Financial Performance - The company's revenue for the third quarter reached ¥113,460,548.67, representing a year-on-year increase of 20.19%[5] - The net profit attributable to shareholders decreased by 31.51% year-on-year, amounting to -¥9,719,648.43[5] - The basic earnings per share fell by 31.56% to -¥0.0767[5] - The company recorded a net loss of ¥18,870,372.63, compared to a net loss of ¥16,079,905.90 in the previous period, indicating a worsening financial performance[20] - The total profit (loss) for the period was -18,768,457.67, compared to -16,127,485.59 in the previous period, indicating a decline in profitability[21] - The net profit attributable to shareholders of the parent company was -16,574,128.32, while the loss attributable to minority shareholders was -2,194,329.35, compared to no loss in the previous period[21] - The basic and diluted earnings per share were both -0.1308, slightly worse than -0.1273 in the previous period[21] - The total comprehensive income for the period was -18,768,457.67, compared to -16,127,485.59 in the previous period, reflecting overall financial decline[21] Assets and Liabilities - Total assets increased by 19.05% compared to the end of the previous year, reaching ¥391,866,831.97[5] - The company’s total assets reached ¥391,866,831.97, up from ¥329,149,931.44, representing a growth of 19.0%[18] - Total liabilities increased to ¥327,999,869.03 from ¥261,214,510.83, an increase of 25.5%[18] - The company reported a decrease in equity attributable to shareholders by 24.40%, down to ¥51,361,292.29[5] - The company’s equity attributable to shareholders decreased to ¥51,361,292.29 from ¥67,935,420.61, a decline of 24.4%[18] Cash Flow - The net cash flow from operating activities showed a drastic decline of 2745.14%, totaling -¥42,875,998.16 year-to-date[9] - The net cash flow from operating activities was -42,875,998.16, a significant decrease from 1,620,934.01 in the previous period, reflecting operational challenges[23] - Cash inflow from financing activities totaled 726,294,366.21, compared to 420,000,000.00 in the previous period, showing increased financing efforts[24] - The cash flow from investing activities was -20,975,696.21, down from 2,110,201.23 in the previous period, indicating reduced investment returns[23] - The ending cash and cash equivalents balance was 4,135,179.41, down from 6,039,152.54 in the previous period, highlighting liquidity concerns[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,191[11] - The top shareholder, Beijing Jurong Weiye Energy Technology Co., Ltd., holds 19.03% of the shares, totaling 24,105,872 shares[11] - The company announced a change in control, with the major shareholder now being Beijing Juyuan Weiye Energy Technology Co., Ltd., holding 19.03% of the total shares[13] Operational Metrics - The company reported total operating revenue of ¥310,587,073.02 for the current period, an increase of 25.5% compared to ¥247,468,317.53 in the previous period[20] - Total operating costs amounted to ¥331,880,010.66, up 23.7% from ¥268,080,111.08 in the previous period, with operating costs specifically rising to ¥300,028,906.83 from ¥239,148,645.40[20] - Cash and cash equivalents increased to ¥12,283,829.04 from ¥8,372,329.72, reflecting a growth of 46.5%[16] - Accounts receivable decreased to ¥97,400,815.12 from ¥125,532,545.31, a decline of 22.5%[16] - Inventory rose significantly to ¥51,103,399.19 from ¥26,383,866.86, marking an increase of 93.8%[16] Government Support - Government subsidies recognized in the current period amounted to ¥258,963.00, with a total of ¥863,914.21 year-to-date[6] Audit Information - The company did not undergo an audit for the third quarter financial report[25]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,725,612,832.68, representing a 6.69% increase year-over-year, while the year-to-date revenue was ¥5,200,400,784.42, up 27.14% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was ¥161,127,515.12, a decrease of 14.90% year-over-year, with a year-to-date net profit of ¥467,525,181.26, reflecting a 7.31% increase[4] - The basic earnings per share for Q3 2025 was ¥0.52, down 14.75% from the previous year, while the diluted earnings per share also stood at ¥0.52[4] - Total operating revenue for the current period reached ¥5,200,400,784.42, an increase of 27.2% compared to ¥4,090,330,297.96 in the previous period[22] - Net profit for the current period was ¥467,525,181.26, representing a growth of 7.0% from ¥435,670,810.83 in the previous period[23] - Basic and diluted earnings per share increased to ¥1.50, compared to ¥1.40 in the prior period[23] Assets and Liabilities - The company's total assets as of the end of Q3 2025 amounted to ¥9,364,864,850.39, a slight increase of 0.29% from the end of the previous year[4] - Non-current assets totaled ¥2,000,048,445.16, compared to ¥1,521,739,035.93 in the previous period, reflecting a growth of 31.4%[18] - Total assets increased slightly to ¥9,364,864,850.39 from ¥9,337,535,445.27, indicating a marginal growth of 0.3%[19] - Total liabilities decreased to ¥4,453,118,201.99 from ¥4,665,553,541.75, a reduction of 4.5%[19] - Owner's equity rose to ¥4,911,746,648.40, up from ¥4,671,981,903.52, marking an increase of 5.1%[19] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of ¥426,721,353.50, marking a 149.93% decrease compared to the same period last year[11] - Net cash flow from operating activities was -426,721,353.50, compared to -170,733,627.81 in the previous period, indicating a decline[26] - Total cash inflow from investment activities was 1,453,944,127.20, significantly up from 57,775,607.17 in the prior period[26] - Cash outflow from investment activities totaled 2,026,382,722.61, compared to 1,053,997,506.91 previously, leading to a net cash flow of -572,438,595.41 from investments[26] - Cash inflow from financing activities was 114,538,510.66, down from 194,413,174.74 in the last period[26] - Net cash flow from financing activities was -247,161,612.34, compared to -219,713,046.52 previously, indicating increased cash outflows[26] - The net increase in cash and cash equivalents was -1,246,282,718.67, compared to -1,386,668,574.07 in the prior period[26] - The ending balance of cash and cash equivalents was 1,166,030,516.52, down from 1,602,441,310.26 previously[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,698[12] - The largest shareholder, Zhongshan Mingyang Electric Co., Ltd., holds 41.82% of shares, totaling 130,574,010 shares, with 46,300,000 shares pledged[12] - The total number of preferred shareholders with restored voting rights is 0[12] - The company has a total of 150,893,345 shares under lock-up conditions, with the majority set to be released by December 30, 2026[14] - The top ten shareholders collectively hold a significant portion of the company's equity, indicating concentrated ownership[13] - The company has not reported any changes in the participation of major shareholders in margin trading activities[13] Expenses - The company reported a 35.77% increase in management expenses, totaling ¥126,330,318.72, primarily due to business scale growth and increased personnel compensation[9] - Financial expenses decreased by 56.61% to -¥7,118,339.48, attributed to increased investment in fundraising projects and reduced interest income[9] - The company experienced a 134.25% increase in credit impairment losses, amounting to -¥80,061,714.93, due to business scale growth and an increase in receivables[9] - Research and development expenses for the current period were ¥158,596,372.76, compared to ¥137,757,915.36 in the previous period, reflecting an increase of 15.1%[22] - Cash paid for purchasing goods and services was 3,614,473,797.95, up from 2,727,789,906.80 in the previous period[26] - Cash paid to employees increased to 480,154,417.93 from 340,263,134.08, reflecting higher labor costs[26] - Cash paid for taxes was 253,057,859.47, compared to 145,249,009.46 in the prior period, indicating an increase in tax obligations[26] Inventory and Receivables - Accounts receivable increased from 2,834,378,619.63 CNY to 3,323,545,125.76 CNY, representing a growth of about 17.3%[17] - Inventory rose from 1,088,815,392.35 CNY to 1,137,734,185.66 CNY, an increase of approximately 4.5%[17] - The total current assets decreased from 7,815,796,409.34 CNY to 7,364,816,405.23 CNY, a reduction of about 5.8%[17]

Financial Performance - The company's revenue for Q3 2025 was ¥158,186,983.22, representing a slight increase of 0.19% compared to the same period last year, while year-to-date revenue reached ¥518,844,056.52, up by 5.68%[5] - Net profit attributable to shareholders decreased significantly by 71.52% in Q3 2025 to ¥1,060,734.47, and year-to-date net profit fell by 27.83% to ¥20,087,215.15[5] - Total revenue for the current period reached ¥518,844,056.52, an increase of 5.8% compared to ¥490,937,879.78 in the previous period[22] - The net profit for the current period is CNY 19,994,006.54, a decrease of 29.1% compared to CNY 28,299,622.23 in the previous period[23] - Operating profit for the current period is CNY 20,685,344.87, down from CNY 30,217,579.67, reflecting a decline of 31.8%[23] - Basic and diluted earnings per share for the current period are both CNY 0.10, down from CNY 0.15 in the previous period[23] Cash Flow and Operating Activities - The company's cash flow from operating activities showed a drastic decline of 93.28%, totaling ¥1,236,997.09 year-to-date[5] - Cash received from operating activities decreased by 64.43% to ¥5,410,259.95, mainly due to reduced government subsidies and interest income[10] - Cash flow from operating activities generated a net amount of CNY 1,236,997.09, significantly lower than CNY 18,410,815.76 in the previous period[24] - Total cash inflow from financing activities reached CNY 695,259,637.37, compared to CNY 76,096,996.98 in the previous period, indicating a substantial increase[25] - The company reported a cash and cash equivalents balance of CNY 263,535,785.95 at the end of the period, up from CNY 210,447,954.55[25] Assets and Liabilities - Total assets increased by 51.92% to ¥1,658,109,518.93 compared to the end of the previous year, while equity attributable to shareholders rose by 84.98% to ¥1,252,854,562.24[5] - Current assets totaled ¥1,082,930,444.11, up from ¥553,412,254.27, representing a growth of 95.5%[18] - Total liabilities decreased slightly to ¥405,254,956.69 from ¥407,434,632.52, a decline of 0.5%[19] Investments and Financial Management - The company reported a significant increase in trading financial assets, which surged by 23,835.65% to ¥510,308,000.00 due to cash management activities[8] - The company’s investment in long-term equity increased by 136.30% to ¥2,494,549.62, primarily due to new investments in Hangzhou Bosiyuan Digital Technology Co., Ltd.[8] - The company incurred a total operating expense of CNY 587,734,730.08, compared to CNY 534,462,362.34 in the previous period, reflecting an increase of 9.9%[24] - Investment activities resulted in a net cash outflow of CNY 652,780,626.35, worsening from a net outflow of CNY 168,632,978.99 in the previous period[24] - The company received CNY 593,769,995.98 from new investments, a significant increase compared to CNY 3,069,331.30 in the previous period[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,687[12] - The top 10 shareholders hold a combined 54.3% of the shares, with 万事利集团有限公司 holding the largest share at 32.82% (77,103,612 shares)[12] - The company plans to issue 46,082,949 shares at a price of 13.02 RMB per share, raising approximately 599.99 million RMB in total[16] - After the issuance, the total number of shares will increase from 188,840,162 to 234,923,111[16] - The net proceeds from the issuance, after deducting expenses, will be approximately 585.49 million RMB[16] - The company has no preferred shareholders as of the reporting period[14] - The number of shares with limited sale conditions held by the top 10 shareholders is 1,536,098[14] - The company has a total of 46,136,468 shares under lock-up conditions, primarily due to executive lock-up rules[15] - The company has not disclosed any related party transactions among the top shareholders beyond the known associations[13]

Financial Performance - The company's operating revenue for the third quarter was ¥213,103,922.74, representing a year-on-year increase of 10.17%[3] - The total profit for the quarter was ¥5,767,046.67, a decrease of 73.41% compared to the same period last year[8] - The net profit attributable to shareholders was ¥12,054,303.04, down 45.41% year-on-year[3] - The basic earnings per share for the quarter was ¥0.09, a decrease of 43.75% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 564,496,670.62, a decrease of 6.67% compared to CNY 604,998,996.08 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 25,196,850.70, down 75.54% from CNY 102,516,193.67 in the same period of 2024[20] - The company reported a total comprehensive income of CNY 25,430,616.58, a decline of 75.25% compared to CNY 102,491,797.14 in the previous year[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥13,237,755.98, down 85.66% year-on-year[3] - Operating cash inflow totaled approximately $583.78 million, a decrease from $597.29 million in the previous period, reflecting a decline of about 2.5%[24] - Net cash flow from operating activities was $13.24 million, significantly down from $92.33 million, indicating a decrease of approximately 85.7%[24] - The company reported a total cash outflow from operating activities of approximately $570.54 million, compared to $504.96 million, an increase of about 12.9%[24] - The ending balance of cash and cash equivalents was approximately $200.89 million, down from $316.25 million, a decrease of about 36.3%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,449,480,428.70, a decrease of 0.55% from the end of the previous year[4] - The total current assets as of September 30, 2025, amounted to ¥1,201,843,243.88, a decrease from ¥1,247,801,386.75 as of December 31, 2024, representing a decline of approximately 3.7%[15] - Total liabilities as of September 30, 2025, were ¥141,442,921.19, up from ¥122,770,665.80, marking an increase of approximately 15.2%[17] - Current liabilities totaled ¥136,030,169.91, compared to ¥118,447,230.00, indicating a rise of about 14.8%[17] - Non-current assets amounted to ¥247,637,184.82, an increase from ¥209,681,249.98, representing a growth of approximately 18.1%[16] - The total assets as of September 30, 2025, were ¥1,449,480,428.70, slightly down from ¥1,457,482,636.73, reflecting a decrease of about 0.5%[16] Research and Development - Research and development expenses totaled ¥49,580,940.46 for the quarter, accounting for 23.27% of operating revenue, an increase of 4.54 percentage points[4] - Research and development expenses rose significantly to CNY 143,292,866.42, an increase of 45.98% compared to CNY 98,155,032.24 in the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,595[11] Strategic Outlook - The company plans to enhance its core competitiveness by diversifying its product offerings to cover more downstream application areas[8] - The company has not disclosed any significant new strategies or product developments during the reporting period[14] Inventory and Receivables - The company reported a significant increase in inventory, which rose to ¥158,113,768.56 from ¥146,689,100.60, indicating an increase of approximately 7.9%[16] - Accounts receivable rose to ¥181,811,901.13 from ¥174,711,534.13, showing an increase of about 4.0%[15]

Financial Performance - The company's revenue for Q3 2025 reached ¥323,646,023.48, representing a year-on-year increase of 17.55%[3] - The total profit for the period was ¥33,125,228.65, with a net profit attributable to shareholders of ¥33,058,292.98[3] - Basic earnings per share for the quarter were ¥0.08, compared to ¥0.02 for the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥831.6 million, an increase of 2.7% compared to ¥807.5 million in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥9.4 million, a significant recovery from a net loss of ¥76.2 million in the same period of 2024[18] - The company's basic earnings per share for the first three quarters of 2025 was ¥0.02, compared to a loss per share of ¥0.19 in the same period of 2024[19] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥227,653,456.08, reflecting a significant increase of 296.70%[3] - The company's cash flow from operating activities increased to ¥940.9 million, compared to ¥787.3 million in the previous year, reflecting a growth of 19.5%[20] - The net cash flow from operating activities was CNY 227,653,456.08, a significant increase from CNY 57,386,304.29 in the previous period, reflecting improved operational efficiency[21] - Cash inflow from investment activities totaled CNY 1,682,611,868.82, compared to CNY 1,134,087,983.43 last year, indicating a strong investment recovery[21] - The company recorded a cash inflow of CNY 1,676,600,000.00 from investment recoveries, significantly higher than CNY 1,125,000,000.00 previously[21] - The net cash flow from investment activities was CNY 602,484,435.81, up from CNY 548,898,688.15, showing positive investment performance[21] - The net cash flow from financing activities was negative at CNY -418,133.25, compared to CNY -156,064,332.40, indicating a reduction in financing activities[21] Research and Development - Research and development expenses totaled ¥112,064,335.87, accounting for 34.63% of revenue, a decrease of 3.90 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥351.3 million, up 6.4% from ¥330.2 million in 2024[17] Assets and Liabilities - The company's total assets increased by 1.24% to ¥2,695,170,953.03 compared to the end of the previous year[4] - Total current assets as of September 30, 2025, amount to ¥2,426,370,173.64, an increase from ¥2,348,884,067.03 as of December 31, 2024[14] - The company's total liabilities decreased slightly to ¥319.5 million from ¥328.8 million year-over-year[16] - The company reported a total equity attributable to shareholders of ¥2,375,681,897.90, an increase of 1.82% from the previous year[4] - The equity attributable to shareholders increased to ¥2.38 billion, up from ¥2.33 billion in the previous year, reflecting a growth of 1.5%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,316[11] - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 87,172,346 shares, representing 21.26% of total shares[11] - The second largest shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holds 61,500,200 shares, representing 15.00%[11] - The company has no pledged, marked, or frozen shares among its major shareholders[11] - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[13] - There are no known related party transactions or concerted actions among shareholders beyond those disclosed[13] Operational Efficiency - The gross profit margin improved by 10.20 percentage points year-on-year due to supply chain optimization and changes in sales structure[8] - Total operating costs decreased to ¥860.0 million, down 5.0% from ¥905.4 million year-over-year[17] - The company paid CNY 257,485,657.47 in employee compensation, an increase from CNY 229,045,381.46, reflecting a commitment to workforce investment[21] - The cash outflow for operating activities totaled CNY 713,252,419.11, a decrease from CNY 729,877,590.43, indicating better cash management[21] Future Outlook - The company continues to focus on enhancing its market position through strategic initiatives and product development[8] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[23] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was CNY 884,966.83, contrasting with a negative impact of CNY -3,088,802.32 last year, suggesting improved currency stability[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥551,725,097.21, representing a year-on-year increase of 2.36%[3] - The total profit for the period was ¥63,321,920.53, showing a decrease of 1.18% compared to the same period last year[3] - The net profit attributable to shareholders was ¥61,484,072.20, which is an increase of 19.55% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥59,302,616.10, reflecting a year-on-year increase of 13.25%[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,723,196,208.16, an increase of 11.03% compared to ¥1,552,052,751.06 in the same period of 2024[18] - Operating profit for the first three quarters of 2025 was ¥201,777,645.44, up 16.52% from ¥173,290,821.27 in the previous year[18] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥175,997,691.97, representing a 27.00% increase from ¥138,804,826.01 in 2024[19] - The total comprehensive income for the first three quarters of 2025 was ¥173,318,387.27, compared to ¥145,822,274.09 in the same period of 2024, reflecting a growth of 18.83%[19] Cash Flow and Earnings - The net cash flow from operating activities for the year-to-date was ¥275,819,598.25, a significant increase of 524.86% compared to the previous year[8] - The net cash flow from operating activities for the first three quarters of 2025 was ¥275,819,598.25, significantly higher than ¥44,141,239.93 in the same period of 2024[21] - The company experienced a net cash outflow from investing activities of ¥42,691,869.77 in the first three quarters of 2025, slightly improved from a net outflow of ¥46,981,127.55 in 2024[22] - The basic earnings per share for the period was ¥0.39, with a diluted earnings per share also at ¥0.39[4] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.10, compared to ¥0.86 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,330,293,938.20, a slight decrease of 0.04% compared to the end of the previous year[4] - The equity attributable to shareholders increased to ¥1,530,241,187.25, marking a year-on-year increase of 1.64%[4] - As of September 30, 2025, the total current assets amounted to RMB 1,568,815,523.90, an increase from RMB 1,531,900,493.55 at the end of 2024, reflecting a growth of approximately 2%[13] - Total liabilities decreased to RMB 783,909,509.03 from RMB 810,144,187.57, representing a reduction of approximately 3.2%[15] - The total equity attributable to shareholders increased to RMB 1,530,241,187.25 from RMB 1,505,488,807.43, showing a growth of around 1.6%[15] - The company's non-current assets totaled RMB 761,478,414.30, down from RMB 799,218,516.75, indicating a decrease of about 4.7%[14] - The company's inventory stood at RMB 619,294,801.75, slightly up from RMB 598,301,113.61, indicating an increase of about 3.5%[14] - The accounts receivable decreased to RMB 442,619,784.65 from RMB 453,959,850.70, reflecting a decline of approximately 2.5%[13] - The short-term borrowings decreased significantly to RMB 47,035,619.44 from RMB 77,117,037.65, a reduction of approximately 38.9%[15] Research and Development - Research and development expenses for the first three quarters of 2025 amounted to ¥107,745,740.62, an increase of 27.48% from ¥84,487,726.17 in 2024[18] Accounting Changes - The company will implement new accounting standards or interpretations starting from 2025, which will involve adjustments to the financial statements at the beginning of the first execution year[23] Shareholder Information - The company has not reported any significant changes in the top ten shareholders or their participation in financing activities[12]