Financial Performance - The company's revenue for Q3 2025 was ¥283,050,158.28, representing an increase of 11.72% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥18,290,817.17, a significant decrease of 1,575.68% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,141,831.69, down 322.61% from the previous year[5]. - The company reported a net cash flow from operating activities of ¥120,235,170.12, an increase of 6.83% year-to-date[5]. - The company implemented an equity incentive plan, which impacted the net profit figures, showing a net profit of ¥42,728,200 for the first three quarters of 2025, a year-on-year increase of 169.29%[5]. - The net profit attributable to shareholders of the listed company for the first three quarters of 2025 was CNY 42.73 million, representing a year-on-year increase of 169.29%[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21.29 million, showing a year-on-year growth of 130.83%[19]. - Net profit for the current period was ¥7,162,056.65, a significant recovery from a net loss of ¥61,782,349.49 in the previous period[25]. - The company reported a total comprehensive income of ¥4,882,472.92, compared to a loss of ¥71,216,290.10 in the prior period[26]. - Basic and diluted earnings per share improved to ¥0.0142 from a loss of ¥0.1238 in the previous period[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,989,453,565.68, a decrease of 0.32% compared to the end of the previous year[5]. - The total current assets as of September 30, 2025, amounted to CNY 697.46 million, an increase from CNY 644.07 million at the beginning of the period[20]. - The total assets of the company were CNY 1.99 billion, slightly down from CNY 1.996 billion at the beginning of the period[21]. - The total liabilities of the company as of September 30, 2025, were CNY 332.73 million, compared to CNY 346.70 million at the beginning of the period[21]. - The total liabilities decreased to ¥711,624,278.12 from ¥757,745,151.71, indicating a reduction of approximately 6.1%[22]. - Total equity attributable to shareholders of the parent company increased to ¥1,253,557,011.18 from ¥1,213,861,296.55, reflecting a growth of 3.3%[22]. - Deferred income decreased to ¥24,889,143.90 from ¥28,360,653.06, a decline of 12.3%[22]. Cash Flow - Cash flow from operating activities generated ¥120,235,170.12, an increase from ¥112,545,118.85 in the previous period[27]. - The net cash flow from investment activities was -$54.49 million, a decrease from -$58.43 million in the previous period[28]. - Total cash inflow from financing activities was $40.30 million, compared to $28.45 million in the prior period[28]. - The net cash flow from financing activities was -$65.05 million, an improvement from -$81.21 million year-over-year[28]. - The ending balance of cash and cash equivalents was $362.39 million, down from $313.53 million in the previous year[28]. - The company reported a total cash outflow from investment activities of $133.89 million, significantly higher than $64.23 million last year[28]. - Cash received from borrowings amounted to $5.00 million, a decrease from $28.45 million in the previous period[28]. - The cash outflow for repayment of debts was $14.26 million, compared to $62.13 million in the previous year[28]. Expenses - The company’s sales expenses increased by 50.37% to ¥42,602,703.70 due to higher marketing and advertising costs[11]. - The investment income rose by 89.47% to ¥13,835,351.40, primarily from the sale of equity in a subsidiary[11]. - The company recognized share-based payment expenses of CNY 35.64 million for the equity incentive plan during the first three quarters of 2025[19]. - The company reported an increase in research and development expenses to ¥41,853,143.70 from ¥45,275,069.93, a decrease of 7.5%[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,558[12]. - The company granted 44.56 million restricted stock to 123 incentive objects at a grant price of CNY 3.05 per share on July 11, 2025[18]. - The company plans to implement a stock incentive plan as approved in the shareholder meeting held on May 30, 2025[18]. Miscellaneous - The company's long-term equity investments decreased from CNY 214.46 million to CNY 166.12 million during the reporting period[21]. - The company’s third-quarter financial report was not audited[29].

Financial Performance - The company's revenue for the third quarter reached ¥6,538,676,585.38, representing a year-on-year increase of 54.60%[6] - Net profit attributable to shareholders surged to ¥697,866,792.03, a remarkable increase of 1,994.42% compared to the same period last year[6] - The basic earnings per share (EPS) rose to ¥1.67, reflecting a significant increase of 1,955.56% year-on-year[6] - For the first three quarters of 2025, the company achieved operating revenue of 16.734 billion yuan, a year-on-year increase of 26.12%[12] - The net profit attributable to shareholders for the same period was 0.713 billion yuan, reflecting a year-on-year growth of 27.95%[12] - In Q3 2025, the company reported operating revenue of 6.539 billion yuan, a significant year-on-year increase of 54.60%[12] - The net profit attributable to shareholders in Q3 2025 reached 0.698 billion yuan, showing a remarkable year-on-year growth of 1,994.42%[12] - Total revenue for the period reached ¥16,734,331,955.57, an increase of 26.8% compared to ¥13,268,215,136.35 in the previous period[33] - Net profit attributable to the parent company increased to ¥2,426,749,941.78, compared to ¥1,714,116,887.67, marking a growth of 41.5%[32] - Operating profit increased to ¥930,109,629.50, up 40.5% from ¥662,357,856.59 year-over-year[34] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥19,501,332,479.70, marking a 15.42% increase from the end of the previous year[6] - The company's equity attributable to shareholders increased to ¥7,527,312,801.16, up 16.39% from the previous year-end[6] - Total assets reached ¥19,501,332,479.70, up from ¥16,896,667,412.13, a growth of 9.5%[31] - Total liabilities increased to ¥11,493,054,258.73 from ¥9,997,161,681.68, representing a rise of 15.0%[31] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥922,296,078.34, a substantial increase of 183.43%[6] - Operating cash flow for the first three quarters of 2025 was 0.922 billion yuan, a turnaround from a negative cash flow of 1.105 billion yuan in the same period of 2024, marking an increase of 183.43%[12] - Cash flow from operating activities showed a net increase of ¥922,296,078.34, a significant recovery from a net outflow of ¥1,105,431,109.52 in the previous period[36] Shareholder Information - The company reported a total of 162,000,000 shares held by Cai Huabo, with 121,553,925 shares released from restrictions due to the expiration of the commitment period[18] - The top ten shareholders include Ningbo Longxi No. 1 with 17,993,032 shares and Ningbo Longyi with 17,983,777 shares, both holding 4.29% of the total shares[16] - The company has a total of 19,020,000 shares from Ningbo Longxi No. 1 and Ningbo Longyi that will be released from restrictions on August 5, 2025[18] - The total number of shares held by the top ten unrestricted shareholders amounts to 40,517,975 shares for Cai Huabo and 20,057,000 shares for the National Integrated Circuit Industry Investment Fund[16] - The company has confirmed that all shares released from restrictions are in compliance with relevant laws and regulations[18] Impairment and Expenses - The company recognized impairment losses of RMB 5.81 million for accounts receivable and RMB 283.51 million for inventory in the first nine months of 2025[26] - Financial expenses decreased by 53.37% to 133 million yuan, primarily due to changes in foreign exchange gains and losses[12] - The company conducted a comprehensive assessment of its assets and recognized impairment for certain assets due to indications of impairment[26] Strategic Developments - The company’s self-developed main control chip deployment exceeded 100 million units by the end of the reporting period, indicating strong technological advancement[13] - The company has successfully designed and taped out its first batch of UFS self-developed main control chips, enhancing product performance[13] - The company established a strategic partnership with SanDisk to launch customized high-quality UFS products and solutions for the mobile and IoT markets[13] Other Income - Other income surged by 319.63% to 273 million yuan, mainly attributed to increased tax incentives from Brazil's PADIS program[12] - The company reported a significant increase in other income to ¥273,687,314.55 from ¥65,221,437.97, reflecting a growth of 318.5%[33]

Financial Performance - The company's revenue for the third quarter was ¥1,421,906,791.17, a decrease of 13.91% compared to the same period last year[5] - The net profit attributable to shareholders was -¥39,257,155.26, representing a decline of 550.22% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥38,983,502.12, down 282.74% from the previous year[5] - The basic and diluted earnings per share were both -¥0.0811, a decrease of 548.80% compared to the same period last year[5] - The net profit for the current period was a loss of ¥115,578,876.68, compared to a loss of ¥80,258,470.64 in the previous period, reflecting a deterioration in performance[20] - The basic and diluted earnings per share for the current period were both -0.2051, compared to -0.1200 in the previous period, indicating a decline in profitability per share[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,855,215,152.09, a decrease of 1.15% from the end of the previous year[5] - Total current assets decreased from 9,727,565,901.94 CNY to 9,506,333,737.40 CNY, a decline of approximately 2.27%[16] - Cash and cash equivalents decreased from 1,555,038,627.75 CNY to 1,304,396,105.94 CNY, a reduction of about 16.14%[16] - The total liabilities decreased to ¥14,047,487,305.51 from ¥14,199,062,510.36, indicating a reduction in financial obligations[18] - Non-current liabilities increased significantly to ¥3,881,878,384.61, up from ¥2,876,656,464.35, showing a shift in the company's debt structure[18] - The total assets decreased to ¥16,855,215,152.09 from ¥17,051,184,434.32, indicating a contraction in the asset base[18] - The total equity attributable to the parent company decreased to ¥1,877,298,998.99 from ¥1,928,037,170.02, reflecting a decline in shareholder value[18] Cash Flow - The net cash flow from operating activities decreased by ¥59,300,543.25, an increase of 66.25% year-on-year[9] - The net cash flow from investing activities increased by ¥66,970,000, a growth of 38.32% compared to the previous year[9] - The net cash flow from financing activities decreased by ¥33,429,000, a decline of 95.92% year-on-year[9] - Operating cash flow for the current period was -59,300,543.25 CNY, an improvement from -175,728,800.71 CNY in the previous period[21] - Total cash inflow from operating activities increased to 4,224,099,023.99 CNY, up from 3,755,201,335.64 CNY year-over-year[21] - Cash outflow from operating activities rose to 4,283,399,567.24 CNY, compared to 3,930,930,136.35 CNY in the prior period[21] - Net cash flow from investing activities was -107,801,518.20 CNY, an improvement from -174,768,837.13 CNY in the previous year[21] - Cash inflow from financing activities totaled 3,358,949,919.05 CNY, down from 4,046,119,778.98 CNY year-over-year[22] - Net cash flow from financing activities was 14,220,156.41 CNY, a decrease from 348,506,777.79 CNY in the previous period[22] - The ending cash and cash equivalents balance was 1,041,790,771.60 CNY, compared to 910,447,652.30 CNY at the end of the previous period[22] - Cash inflow from the issuance of new investments was 5,784,000.00 CNY, significantly higher than 220,000.00 CNY in the prior period[22] - Cash outflow for the purchase of fixed assets was 135,579,126.41 CNY, down from 178,551,291.59 CNY year-over-year[21] Shareholder Information - The largest shareholder, Poly Jiulian Holdings Group, holds 29.65% of shares, totaling 143,478,060 shares[13] - Guizhou Baojiu Security Group is the second-largest shareholder with a 14.84% stake, amounting to 71,829,494 shares[13] - The total liabilities and equity structure remains stable with no significant changes reported in the shareholder financing activities[13] - There are no changes in the top 10 shareholders' participation in margin trading or securities lending activities[13] Operating Performance - Total operating revenue for the current period reached ¥4,604,349,087.89, an increase of 9.1% compared to ¥4,217,524,291.52 in the previous period[19] - Total operating costs increased to ¥4,704,462,144.92, up 9.3% from ¥4,302,072,208.72 in the previous period[19] - Research and development expenses rose to ¥117,629,159.91, an increase from ¥106,744,301.64, highlighting a commitment to innovation[19] Audit Information - The company did not undergo an audit for the third quarter financial report[23]

Financial Performance - The company's operating revenue for Q3 2025 was ¥672,168,397.25, a decrease of 7.43% compared to the same period last year[5] - The net profit attributable to shareholders was -¥36,218,571.62, representing a decline of 129.47% year-on-year[5] - The basic earnings per share were -¥0.0561, down 130.86% from the previous year[5] - The total operating revenue for the current period is CNY 2,039,633,039.48, a decrease of 5.36% compared to CNY 2,155,181,147.26 in the previous period[17] - Operating profit turned negative at ¥-64,064,640.80 compared to a profit of ¥2,215,969.46 in the previous period[18] - Net profit for the period was ¥-69,706,401.60, a significant decline from ¥-4,253,732.17 in the prior period[19] - Basic and diluted earnings per share decreased to ¥-0.0966 from ¥-0.0070[19] - The total comprehensive income for the period was ¥-79,229,553.74, compared to ¥-6,240,958.85 in the previous period[19] - The company reported a decrease in sales revenue from customers to ¥2,050,465,495.23 from ¥2,174,628,175.07[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,278,291,288.04, a decrease of 6.25% from the end of the previous year[5] - The total liabilities decreased to CNY 1,781,401,938.38 from CNY 1,904,193,890.98, indicating a reduction of 6.43%[15] - The total assets decreased to CNY 3,278,291,288.04 from CNY 3,496,730,613.17, showing a decline of 6.25%[15] - The company's inventory decreased to CNY 685,228,226.00 from CNY 810,011,272.23, a reduction of 15.43%[14] - The total non-current assets decreased to CNY 1,195,490,466.04 from CNY 1,243,342,467.58, a decline of 3.85%[14] - The company's short-term borrowings decreased to CNY 188,777,858.67 from CNY 264,438,892.28, a decrease of 28.69%[15] - The total equity attributable to the parent company decreased to CNY 1,392,499,250.83 from CNY 1,477,515,198.44, a decline of 5.76%[15] Cash Flow - The company reported a net cash flow from operating activities of ¥145,842,364.50, an increase of 5.36% year-to-date[5] - Cash flow from operating activities generated a net cash inflow of ¥145,842,364.50, compared to ¥138,416,972.27 in the previous period[20] - Cash flow from investing activities showed a net inflow of ¥12,563,589.09, recovering from a net outflow of ¥-50,297,459.02 in the prior period[21] - Cash flow from financing activities resulted in a net outflow of ¥-33,428,102.11, down from a net inflow of ¥47,146,672.43 previously[21] - The cash and cash equivalents at the end of the period stood at ¥565,650,433.61, down from ¥691,268,988.00 at the end of the previous period[21] - The company's cash and cash equivalents increased to CNY 633,591,165.11 from CNY 506,906,482.39, representing a growth of 24.97%[13] Shareholder Information - The company had a total of 31,018 common shareholders at the end of the reporting period[10] - The largest shareholder, Zhongyu Investment Co., Ltd., held 28.27% of the shares, totaling 182,622,263 shares[10] Expenses - Financial expenses rose by 160.76% to ¥25,004,149.05, primarily due to exchange rate fluctuations[8] - Total operating costs decreased to ¥2,087,501,771.31 from ¥2,145,870,419.67, a reduction of approximately 2.7%[18]

Financial Performance - The company's operating revenue for Q3 2025 was ¥151,597,102.11, a decrease of 30.24% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥5,051,184.19, an increase of 34.18% year-on-year, while the net profit excluding non-recurring items was ¥1,061,046.87, up 125.92%[3]. - Total revenue for the first nine months of 2025 was ¥419,656,410.70, a decline of 37.27% year-on-year, primarily due to the downturn in the real estate sector[9]. - The net profit attributable to shareholders for the first nine months was -¥7,525,191.20, a decline of 191.47% compared to the same period last year[9]. - Net profit for the period was a loss of ¥9,340,251.04 compared to a profit of ¥5,862,750.38 in the previous period, indicating a significant downturn[20]. - The total comprehensive income attributable to shareholders was a loss of ¥7,525,191.20 compared to a profit of ¥8,226,837.82 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,471,017,946.33, down 4.23% from the end of the previous year[3]. - Total current assets decreased from 713,458,155.98 CNY to 669,160,002.99 CNY, a reduction of approximately 6.2%[15][16]. - Cash and cash equivalents decreased from 273,440,960.24 CNY to 242,143,703.41 CNY, a decline of about 11.4%[15]. - Inventory decreased from 113,014,702.24 CNY to 84,728,689.83 CNY, a decrease of approximately 25.0%[16]. - Total non-current assets decreased from 822,491,269.29 CNY to 801,857,943.34 CNY, a reduction of approximately 2.5%[16]. - The company's total liabilities decreased to ¥548,825,835.58 from ¥604,414,057.78, a reduction of approximately 9.2%[18]. - The total equity attributable to shareholders decreased to ¥931,857,250.74 from ¥939,385,447.64, a decline of about 0.6%[18]. Cash Flow - The company reported a net cash flow from operating activities of ¥16,891,973.66, a significant improvement of 126.67% compared to the same period last year[10]. - Cash flow from operating activities generated ¥16,891,973.66, a recovery from a negative cash flow of ¥63,339,093.74 in the previous period[21]. - The company reported a significant increase in cash received from investment activities, totaling ¥241,816,537.15 compared to ¥662,304,717.88 in the previous period[21]. - Cash inflow from financing activities amounted to $108,940,850.38, up from $10,255,243.82, showing a substantial increase[22]. - Net cash flow from financing activities was $51,055,951.83, a recovery from -$160,819,336.07 in the previous period[22]. - The net increase in cash and cash equivalents was -$16,010,406.49, compared to -$226,449,620.00 previously, indicating an improvement[22]. - The ending balance of cash and cash equivalents was $217,008,875.39, down from $262,037,139.10[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,944[12]. - The largest shareholder, Ma Libin, holds 39.12% of shares, totaling 71,553,786 shares[12]. - The top 10 shareholders hold a combined 58.32% of the shares[12]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13]. Expenses - The company's gross profit margin decreased, with total costs for the first nine months at ¥427,382,938.71, down 36.49% year-on-year[9]. - Research and development expenses for the first nine months were ¥18,244,976.02, a decrease of 36.20% compared to the previous year[9]. - Research and development expenses were ¥18,244,976.02, down from ¥28,595,119.15, reflecting a decrease of approximately 36.2% year-on-year[19]. Financial Changes - The company experienced a significant increase in financial assets, with trading financial assets rising by 70.59% to ¥129,279,600.00[7]. - The company's long-term borrowings increased to ¥41,517,919.43, reflecting a 100% rise due to new bank loans[8]. - The company's long-term borrowings increased to ¥41,517,919.43 from zero, indicating new financing activities[18]. Accounting and Reporting - The third quarter financial report was not audited, which may affect the reliability of the reported figures[23]. - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[24].

Financial Performance - The company's revenue for Q3 2025 was ¥1,875,813,384, a decrease of 12.85% year-on-year, while the revenue for the first three quarters was ¥5,627,105,173, down 8.41% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥313,293,281.78, an increase of 31.43% year-on-year, but the net profit for the first three quarters decreased by 25.67% to ¥476,428,959.39[5] - The basic earnings per share for Q3 2025 was ¥0.60, reflecting a year-on-year increase of 33.33, while the diluted earnings per share was ¥0.56, up 27.27%[5] - Total revenue for the current period is ¥5,627,105,173.24, a decrease of 8.43% from ¥6,143,923,658.27 in the previous period[21] - Net profit for the current period is ¥560,613,786.74, a decline of 18.83% compared to ¥690,576,353.68 in the previous period[22] - Earnings per share (EPS) for the current period is ¥0.91, down from ¥1.22 in the previous period[23] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥7,591,436,389.71, representing a 6.73% increase from the end of the previous year[5] - Total assets increased to ¥7,591,436,389.71 from ¥7,112,584,251.13, reflecting a growth of 6.73%[20] - Total liabilities rose to ¥4,827,669,218.56, an increase of 7.09% from ¥4,507,912,645.50[20] - Non-current liabilities increased to ¥1,386,290,913.96, up from ¥1,249,949,031.86, marking an increase of 10.87%[20] - The company's equity attributable to shareholders increased to ¥2,481,532,375.26 from ¥2,374,910,404.59, a growth of 4.49%[20] Cash Flow - The company recorded a cash flow from operating activities of ¥621,417,565.21 for the first three quarters, an increase of 10.49% year-on-year[5] - Operating cash flow for the current period is ¥621,417,565.21, an increase of 10.5% compared to ¥562,424,238.63 in the previous period[24] - Total cash inflow from operating activities is ¥6,420,978,563.77, slightly down from ¥6,429,999,941.74 in the previous period[24] - Cash outflow for purchasing goods and services decreased to ¥3,771,991,577.06 from ¥4,084,199,674.25, reflecting a reduction of approximately 7.7%[24] - The ending balance of cash and cash equivalents is ¥1,650,925,231.28, up from ¥1,037,953,705.98 in the previous period[25] Investments and Subsidies - The company received government subsidies amounting to ¥1,442,920.74 during the reporting period, contributing to its financial performance[6] - The company reported an investment loss of ¥6,155,038.67, compared to a profit of ¥37,980,848.89 in the previous period[21] - Cash received from investment recovery is ¥230,000,000.00, down from ¥250,763,665.81 in the previous period[25] - Total cash outflow for investment activities is ¥766,370,662.08, slightly lower than ¥768,391,595.90 in the previous period[25] Operational Changes - The core business brand operation achieved revenue of ¥4,101,000,000, remaining stable year-on-year, while the wholesale distribution business saw a revenue decline of 28.85% to ¥1,211,000,000[8] - The company has focused on core brand operations, leading to a reduction in the scale of wholesale distribution business[9] - The company has seen a significant increase in the fair value changes of financial assets, contributing to the net profit growth in Q3 2025[9] - The company signed a strategic cooperation agreement with Tianjin Jikun Pharmaceutical Technology Co., aiming to enhance its capabilities in organ fibrosis and related diseases[16] - The strategic partnership is expected to enhance the company's innovation in the field of organ fibrosis, potentially increasing its market presence[16]

Financial Performance - The company's revenue for Q3 2025 reached ¥257,590,098.55, representing a 75.05% increase year-over-year[8] - Net profit attributable to shareholders was ¥55,089,459.00, a staggering increase of 5,058.03% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥54,885,082.57, reflecting a 2,476.32% increase year-over-year[8] - Basic earnings per share (EPS) stood at ¥0.35, up 3,400.00% from the previous year[8] - Total operating revenue increased to ¥569,381,452.02, up 24% from ¥460,053,505.84 in the previous period[27] - Operating profit surged to ¥105,554,487.64, compared to ¥14,862,477.85 in the prior period, marking a significant increase[27] - Net profit reached ¥87,890,472.48, a substantial rise from ¥13,228,958.35, reflecting a growth of over 600%[28] - Basic and diluted earnings per share improved to ¥0.57, compared to ¥0.10 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,358,762,113.17, a slight increase of 0.07% from the end of the previous year[8] - Current assets decreased from CNY 1,444,827,275.63 to CNY 1,372,441,823.36, primarily due to a reduction in cash and cash equivalents from CNY 748,122,066.26 to CNY 688,037,354.38[22] - The company's total liabilities decreased from CNY 957,528,390.11 to CNY 892,150,241.04, indicating improved financial stability[25] - The equity attributable to the parent company increased from CNY 1,380,836,018.00 to CNY 1,464,197,382.50, reflecting a growth in retained earnings[25] - The non-current assets total increased from CNY 912,276,113.46 to CNY 986,320,289.81, reflecting ongoing investments in long-term projects[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥73,776,030.98, down 60.95% from the previous year[16] - Cash flow from operating activities generated a net amount of ¥73,776,030.98, down from ¥188,936,635.01 in the prior period[29] - Investment activities resulted in a net cash outflow of ¥98,239,272.86, contrasting with a net inflow of ¥27,498,204.70 previously[30] - Cash and cash equivalents at the end of the period totaled ¥663,589,673.83, down from ¥803,313,084.99 at the end of the previous period[30] Expenses - Financial expenses increased by 558.02% to -¥25,397,787.24, primarily due to increased interest income from large deposits[15] - The company reported a significant increase in income tax expenses, which rose by 675.47% to ¥17,272,239.26, driven by higher total profits[15] - The company experienced a tax expense of ¥17,272,239.26, significantly higher than ¥2,227,312.73 in the previous period, reflecting increased profitability[28] - The company reported a decrease in sales expenses to ¥20,146,373.94 from ¥21,884,142.28, indicating improved cost management[27] - Research and development expenses increased to ¥20,500,991.11, up from ¥19,222,055.59, highlighting ongoing investment in innovation[27] Shareholder Information - Shareholders' equity attributable to the parent company increased by 6.04% to ¥1,464,197,382.50 compared to the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 7,324[17] Inventory and Receivables - The inventory balance increased from CNY 302,285,627.47 to CNY 313,872,347.34, indicating a potential buildup of stock[23] - The accounts receivable decreased from CNY 129,818,643.65 to CNY 119,625,059.09, suggesting improved collection efforts[22] - The company reported a significant increase in prepayments from CNY 35,793,788.84 to CNY 45,835,446.47, indicating future commitments[23] Strategic Initiatives - The company established a joint venture with Shanghai Matrix Superintelligent System Integration Co., Ltd. to explore AI and robotics applications in cultural and tourism sectors[20]

Revenue and Profit - Revenue for Q3 2025 reached ¥920,267,018.27, an increase of 5.97% year-over-year[5] - Net profit attributable to shareholders was ¥148,969,046.39, up 90.57% compared to the same period last year[5] - Basic earnings per share rose to ¥0.2352, reflecting a 90.60% increase year-over-year[5] - Total operating revenue for the current period reached ¥2,596,602,769, an increase of 5.95% compared to ¥2,450,075,783.88 in the previous period[17] - Net profit for the current period was ¥354,886,223.32, representing a 33.47% increase from ¥265,683,777.98 in the previous period[19] - Earnings per share (EPS) increased to ¥0.5519 from ¥0.4233, marking a growth of 30.38%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,353,289,822.32, representing a growth of 5.82% from the previous year[5] - The company's total assets as of September 30, 2025, amount to ¥5,353,289,822.32, an increase from ¥5,058,919,305.88 at the beginning of the period[14] - Current assets total ¥2,196,817,121.60, up from ¥1,927,816,411.03 at the start of the period, indicating a growth of approximately 13.93%[13] - Total liabilities decreased slightly to ¥1,604,726,940.52 from ¥1,610,882,574.54, a reduction of 0.77%[15] - Long-term borrowings decreased significantly from ¥89,172,480.24 to ¥23,445,763.96, a decline of approximately 73.7%[14] Cash Flow - Cash flow from operating activities for the year-to-date was ¥551,316,700.13, an increase of 6.70%[5] - Cash flow from operating activities generated a net amount of ¥551,316,700.13, compared to ¥516,704,451.55 in the previous period, an increase of 6.67%[19] - The net cash flow from investment activities decreased by 116.36% to -¥209,626,167.84, primarily due to increased expenditures on idle fund management[10] - Cash flow from investment activities showed a net outflow of $209.63 million, compared to a net outflow of $96.89 million in the previous period, indicating a significant increase in investment expenditures[20] - Cash flow from financing activities resulted in a net outflow of $263.38 million, compared to a net outflow of $201.16 million in the previous period, highlighting increased financing costs[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,774, with no preferred shareholders having restored voting rights[11] - The top 10 shareholders hold a total of 23.02% of shares, with the largest shareholder, Cui Jinhai, owning 145,794,859 shares[11] - The top shareholder group includes Cui Jinhai, Wan Xiaoxiang, Cui Hui, and Cui Xingwei, who are identified as the company's controlling shareholders[11] - The company has a repurchase account holding 14,507,510 shares, which accounts for 2.29% of the total share capital[12] Research and Development - The company reported a significant increase in research and development expenses, totaling ¥76,595,392.83, which is a 32.39% rise compared to the previous year[9] - Research and development expenses rose to ¥76,595,392.83, up from ¥57,853,716.21, indicating a significant investment in innovation[17] Future Outlook - The company anticipates continued growth in revenue and profit margins, driven by ongoing market expansion and new product development initiatives[5] Other Financial Metrics - Other comprehensive income after tax for the current period was ¥651,981.93, compared to a loss of ¥2,256,425.56 in the previous period, showing a positive turnaround[19] - The impact of exchange rate fluctuations on cash and cash equivalents was positive, contributing $4.29 million compared to a negative impact of $1.95 million in the previous period[20] - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[21] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[22]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 2,919,464,112.63, representing a 4.11% increase year-over-year, while the revenue for the year-to-date period decreased by 4.86% to CNY 8,873,354,167.25[5] - Net profit attributable to shareholders for Q3 2025 was CNY 27,221,276.17, a significant increase of 815.86% compared to the same period last year, with a year-to-date net profit of CNY 52,319,047.46, up 9.51%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -41,893,985.61, a decrease of 19.08% year-over-year, with a year-to-date figure of CNY -96,336,518.59, down 58.56%[5] - Total operating revenue decreased to ¥8,873,354,167.25 from ¥9,327,003,257.67, representing a decline of approximately 4.86% year-over-year[21] - Net profit for the period was ¥60,992,526.44, slightly up from ¥60,797,880.99, indicating a marginal increase of 0.32% year-over-year[22] - Operating profit increased to ¥73,295,933.39 from ¥54,513,731.18, showing a growth of approximately 34.3% year-over-year[22] - Total comprehensive income for the period was -14,042,521.81, compared to 4,295,544.18 in the previous period, indicating a significant decline[23] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 16,511,434,520.71, a decrease of 3.89% from the end of the previous year[5] - The total assets decreased to ¥16,511,434,520.71 from ¥17,179,238,619.93, a decline of approximately 3.88%[19] - Total liabilities decreased to ¥10,435,896,851.59 from ¥11,105,198,269.00, reflecting a reduction of about 6.02%[19] - Long-term borrowings increased to ¥1,031,573,254.67 from ¥818,855,854.27, representing a rise of approximately 26%[19] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 1,622,971,720.11, reflecting an increase of 28.18%[5] - Net cash flow from operating activities was 1,622,971,720.11, an increase from 1,266,154,569.87 in the previous period[25] - Cash inflow from financing activities totaled 8,709,429,947.15, compared to 8,484,513,219.11 in the previous period[25] - Net cash flow from investing activities was -609,743,825.52, an improvement from -717,958,308.01 in the previous period[25] - The company reported a decrease in other cash received related to operating activities to 1,191,925,660.13 from 1,083,274,045.21 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,360[12] - Huafu Holdings Limited holds 23.60% of shares, totaling 401,315,662 shares[12] - The third largest shareholder, after the transfer, is the Xingjian Qilong Private Securities Investment Fund, holding 100,340,200 shares[15] - The company completed a share transfer agreement on September 27, 2024, transferring 100,340,200 shares (5.90% of total shares) at a price of 3.42 CNY per share, totaling 343,163,484 CNY[14] Inventory and Financial Assets - The company's trading financial assets increased by 263.09% to CNY 839,436,737.01, primarily due to an increase in futures and wealth management products[8] - Inventory decreased by 33.84% to CNY 3,150,740,333.86, mainly due to increased inventory turnover[8] - Trading financial assets increased to 839,436,737.01 CNY from 231,193,994.30 CNY[17] - Accounts receivable decreased to 1,335,061,703.68 CNY from 1,457,626,076.42 CNY[17] - Prepayments increased to 1,198,815,459.29 CNY from 796,363,179.47 CNY[17] Other Financial Metrics - The weighted average return on net assets was 0.47%, a slight increase from 0.42% in the previous period[5] - The company reported a basic and diluted earnings per share of 0.04, unchanged from the previous period[23] - Other comprehensive income after tax showed a negative value of -¥75,035,048.25, worsening from -¥56,502,336.81 in the previous period[22] - The company received cash from sales of goods and services amounting to 9,619,649,320.94, down from 10,176,830,418.06 in the previous period[24] - Total cash outflow from operating activities was 9,212,485,230.95, compared to 10,004,102,477.54 in the previous period[25] Project Updates - The Akesu Urban Public Computing Power Platform project is currently under construction and progressing normally[16]

Financial Performance - The company's revenue for Q3 2025 reached ¥237,064,675.99, representing an increase of 11.48% compared to the same period last year[5] - Net profit attributable to shareholders was ¥16,040,858.95, a significant increase of 39.14% year-on-year[5] - The basic earnings per share for the period was ¥0.10, reflecting a growth of 42.86% compared to the previous year[5] - Total revenue for the third quarter reached ¥675,198,160.26, an increase of 11.55% compared to ¥605,169,235.77 in the previous year[18] - The company's net profit margin decreased, with net profit attributable to shareholders at ¥478,252,129.29, down from ¥495,605,921.92[17] - The net profit for Q3 2025 was CNY 49,135,692.63, a slight increase from CNY 48,706,609.64 in Q3 2024, representing a growth of 0.88%[19] - Operating profit for the quarter was CNY 58,750,312.17, compared to CNY 57,847,331.10 in the previous year, indicating an increase of 1.56%[19] - Total revenue from operating activities reached CNY 615,709,298.86, up from CNY 589,445,119.07, reflecting a growth of 4.08% year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,860,733,126.41, marking a 3.09% increase from the end of the previous year[5] - Total assets increased to ¥1,860,733,126.41, compared to ¥1,804,917,616.64 at the beginning of the period, marking a growth of 3.1%[16] - Total liabilities rose to ¥310,312,557.91, up from ¥240,222,745.91, indicating a significant increase of 29.1%[16] Cash Flow - The company reported a decrease in cash flow from operating activities, with a net amount of ¥53,773,222.84, down 36.78% year-to-date[5] - The net cash flow from operating activities was CNY 53,773,222.84, down from CNY 85,058,120.39, a decrease of 36.83%[21] - Cash and cash equivalents decreased to ¥867,486,696.14 from ¥1,072,567,745.04, a decline of 19.06%[15] - Cash and cash equivalents at the end of the period were CNY 866,249,369.57, down from CNY 1,038,913,916.84, a decrease of 16.54%[22] - The company experienced a net cash outflow from investing activities of CNY 192,112,968.74, compared to a net outflow of CNY 167,808,918.39 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,603[10] - The largest shareholder, Xinyin (Hong Kong) International Holdings Limited, holds 61.20% of shares, totaling 104,160,000 shares[10] - The second-largest shareholder, WinTime Investment Holding (HK) Co., Limited, holds 1.61% of shares, totaling 2,736,000 shares[10] - The total number of restricted shares at the beginning of the period was 110,256,000, with no new restricted shares added during the period[13] - The total number of unrestricted shares held by the top ten shareholders includes 1,701,900 shares held by Fulakai Consulting (Shanghai) Co., Ltd.[11] - The company has a significant number of shares held by domestic natural persons, including Chen Feng with 0.51% (870,000 shares) and Feng Zetian with 0.43% (740,000 shares)[10] - The company plans to lift restrictions on shares held by major shareholders, with the earliest release date set for January 2027[13] - The company has not reported any changes in the shareholding structure due to lending or borrowing of shares among the top ten shareholders[11] - The total number of shares held by the top ten unrestricted shareholders is 6,000,000 shares[11] Expenses and Costs - Total operating costs amounted to ¥620,484,556.98, up 14.06% from ¥544,025,913.69 in the prior year[18] - Research and development expenses for the quarter were ¥25,166,894.55, compared to ¥23,749,457.65 in the previous year, reflecting a growth of 5.98%[18] - The company incurred a total tax expense of CNY 7,991,771.67, down from CNY 8,866,651.04, a decrease of 9.83%[19] Other Financial Metrics - The weighted average return on equity was 1.02%, an increase of 0.29% compared to the previous year[5] - Non-recurring gains and losses totaled ¥1,311,119.88 for the quarter, with government subsidies contributing ¥233,716.00[6] - Financial expenses decreased by 49% to -¥4,586,953.61, primarily due to reduced interest income[8] - Investment income surged by 137% to ¥5,585,333.42, influenced by the settlement of forward foreign exchange transactions and interest from financial products[8] - The diluted earnings per share remained stable at CNY 0.29, consistent with the previous year[20] - The other comprehensive income after tax attributable to the parent company was CNY 222,846.00, down from CNY 552,962.43, a decrease of 59.73%[19] Strategic Developments - The company has not disclosed any significant new strategies or product developments in the current reporting period[12]