Financial Performance - The company's revenue for Q3 2025 reached ¥6,067,620,945.86, representing a 152.53% increase compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥2,384,798,239.47, a significant increase of 205.38% year-over-year[5] - The basic earnings per share for Q3 2025 was ¥2.40, up 203.80% from ¥1.10 in the same quarter last year[5] - The company's operating revenue reached ¥16,504,791,211.36, a significant increase of 221.70% compared to the previous period, primarily driven by advancements in artificial intelligence computing power[10] - Net profit increased to ¥11,407,778,361.95, reflecting a growth of 111.27% year-on-year due to higher operating income[10] - The total operating revenue for the period reached ¥16,504,791,211.36, a significant increase from ¥5,130,435,808.52 in the previous period, representing a growth of approximately 222%[21] - The total operating revenue for the current period reached ¥17,019,651,307.23, a significant increase from ¥5,666,935,005.00 in the previous period, representing a growth of approximately 200%[24] - The net profit attributable to the parent company's shareholders was ¥6,327,092,507.84, compared to ¥1,646,072,871.21 in the previous period, marking an increase of about 284%[23] - The operating profit for the current period was ¥7,046,213,011.26, up from ¥1,867,634,610.48, reflecting a growth of approximately 276%[22] - The total comprehensive income for the current period was ¥6,426,649,845.78, compared to ¥1,682,958,691.24 in the previous period, representing an increase of approximately 282%[23] - The basic and diluted earnings per share were both ¥6.37, compared to ¥1.66 in the previous period, indicating a growth of approximately 284%[23] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥21,356,332,939.88, reflecting a 74.10% increase from the end of the previous year[5] - The company's total liabilities included a significant increase in income tax payable, which reached ¥399,972,715.53, up 75.69% due to higher corporate income tax[10] - Total liabilities rose to ¥6,832,326,153.11 from ¥3,938,420,036.03, indicating an increase of approximately 73%[19] - The equity attributable to shareholders increased to ¥14,524,006,786.77 from ¥8,328,129,817.86, reflecting a growth of about 74%[20] Cash Flow and Operating Activities - Cash flow from operating activities for the year-to-date period was ¥4,637,420,680.00, a remarkable increase of 1,529.63% compared to the previous year[5] - The net cash flow from operating activities surged to ¥4,637,420,688.24, a remarkable increase of 1,529.63% compared to the previous period, driven by increased sales and tax refunds[10] - The net cash flow from operating activities was ¥4,637,420,688.24, a substantial rise from ¥284,568,423.34 in the previous period[25] Expenses and Costs - Research and development expenses rose to ¥501,274,536.72, marking a 149.57% increase, indicating a strong commitment to innovation[10] - Sales expenses increased to ¥123,325,111.08, reflecting a 96.88% rise due to higher personnel costs and ongoing market expansion efforts[10] - The total operating costs amounted to ¥9,280,518,667.86, up from ¥3,242,676,709.11, indicating an increase of about 187%[21] - The total operating costs for the current period were ¥9,280,518,667.86, compared to ¥3,242,676,709.11 in the previous period, reflecting an increase of about 186%[22] - The income tax expense for the current period was ¥723,440,998.72, compared to ¥223,719,970.02 in the previous period, indicating an increase of approximately 224%[22] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 155,317, indicating a stable shareholder base[12] - The company plans to release 25% of the locked shares for several executives on January 1, 2026, totaling approximately 31,473,120 shares[15] Other Financial Metrics - The weighted average return on equity for Q3 2025 was 20.81%, compared to 12.45% in the same quarter last year[5] - The company reported a substantial increase in other comprehensive income, which amounted to ¥59,943,332.83, a rise of 166.09% attributed to foreign currency translation adjustments[10] - The company experienced a 578.90% increase in other income, totaling ¥25,138,313.57, primarily from government subsidies received during the reporting period[10] - The financial expenses showed a significant change, with a gain of ¥255,411,066.63 due to the appreciation of the foreign currency used by overseas subsidiaries, representing a 179.49% increase[10] - The company received government subsidies amounting to ¥20,407,369.23 during the reporting period, contributing positively to its financial performance[7]

Financial Performance - Q3 2025 revenue was CNY 1,031,649,329.24, a decrease of 2.57% year-over-year, while year-to-date revenue reached CNY 3,048,192,079.46, down 5.00% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was CNY 187,732,848.96, an increase of 8.59% year-over-year, with year-to-date net profit at CNY 575,611,846.06, showing a slight increase of 0.10%[5] - Basic and diluted earnings per share for Q3 2025 were both CNY 0.23, reflecting a 15.00% increase compared to the same period last year[5] - Total operating revenue for the current period was ¥3,048,192,079.46, a decrease of 5.01% from ¥3,208,743,897.71 in the previous period[19] - Operating profit for the current period was ¥664,258,601.66, slightly down from ¥671,815,265.63, reflecting a decrease of 1.04%[19] - Net profit before tax was ¥664,916,102.75, compared to ¥676,464,298.28 in the previous period, indicating a decline of 1.61%[19] - The net profit attributable to the parent company shareholders was CNY 575,611,846.06, a slight increase from CNY 575,012,790.33 in the previous period, reflecting a growth of 0.10%[20] - The total comprehensive income attributable to the parent company owners was CNY 575,497,372.10, compared to CNY 575,219,327.84 in the previous period, indicating a growth of 0.05%[20] - The basic and diluted earnings per share increased to CNY 0.70 from CNY 0.67, representing a growth of approximately 4.48%[20] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 7,978,648,630.10, a decrease of 5.90% from the end of the previous year[5] - Total assets decreased to ¥7,978,648,630.10 from ¥8,479,313,218.60, a reduction of 5.91%[18] - Total liabilities decreased to ¥2,293,129,014.28, down from ¥2,477,769,425.69, a decline of 7.43%[17] - Current assets increased to ¥3,142,880,026.72, up from ¥2,904,776,219.94, an increase of 8.19%[16] - Cash and cash equivalents rose to ¥452,279,163.55, compared to ¥316,266,734.17, reflecting a significant increase of 42.94%[16] - Inventory decreased slightly to ¥783,702,441.62 from ¥792,719,340.04, a decrease of 1.28%[16] - Unappropriated profits increased to ¥3,188,139,806.91 from ¥2,897,381,706.60, an increase of 10.03%[17] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 615,483,813.37, showing a slight increase of 0.46%[5] - The net cash flow from operating activities was CNY 615,483,813.37, slightly up from CNY 612,693,212.93 in the previous period, showing an increase of 0.46%[23] - Cash inflow from investment activities was CNY 2,038,840,858.84, down from CNY 3,277,371,692.31, a decrease of 37.87%[23] - The net cash flow from investing activities was CNY 514,465,812.65, reflecting a 133.66% increase due to reduced external investments[10] - The net cash flow from financing activities was CNY -981,378,371.85, a significant decrease of 529.57% primarily due to share repurchases[10] - The net cash flow from financing activities was negative CNY 981,378,371.85, worsening from negative CNY 155,879,600.17 in the previous period[23] - The total cash and cash equivalents at the end of the period amounted to CNY 433,628,680.58, an increase from CNY 204,186,009.58 in the previous period[23] - The company received CNY 2,846,292,493.75 in cash from sales of goods and services, a slight increase from CNY 2,838,651,137.39 in the previous period[22] - The company paid CNY 1,020,986,605.26 for goods and services, down from CNY 1,100,794,598.42, indicating a decrease of 7.25%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,318[11] - The top 10 shareholders hold a total of 60.77% of the shares, with the largest shareholder, Lü Gang, holding 20.77%[11] - The company has repurchased 47,271,295 shares, accounting for 5.49% of the total share capital, with a total transaction amount of 608.72 million RMB[13] - The maximum purchase price for repurchased shares was 14.41 RMB per share, while the minimum was 11.86 RMB per share[13] - The company plans to raise up to 150 million RMB through the fourth employee stock ownership plan, with a purchase price of 12.50 RMB per share[14] - The total number of shares involved in the employee stock ownership plan is 12 million shares[14] - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading[12] - The company’s major shareholder, Lü Gang, and his spouse hold 100% of the shares in Jingxin Holdings Group[11] - The company has not identified any other relationships among the top shareholders that would classify them as acting in concert[12] - The company’s repurchase account does not count towards the top 10 shareholders list[11] Income and Expenses - The company reported a significant increase of 1987.85% in current assets due to an increase in short-term deposits[9] - Investment income for the year-to-date period was CNY 16,687,385.45, a substantial increase of 179.54% year-over-year, attributed to higher dividend income[9] - The company experienced a 53.86% decrease in other income, primarily due to a reduction in government subsidies[9] - Total operating costs decreased to ¥2,417,770,049.29, down 7.33% from ¥2,608,110,283.39[19] - The company reported a decrease in other comprehensive income attributable to the parent company owners, with a net amount of CNY -114,473.96 compared to CNY 206,537.51 in the previous period[20]

Financial Performance - Q3 2025 revenue was CNY 560,342,623.35, a decrease of 16.85% year-over-year[6] - Net profit attributable to shareholders was CNY 96,973,839.95, down 37.03% compared to the same period last year[6] - Basic earnings per share decreased by 36.11% to CNY 0.23[6] - Total operating revenue for the current period is ¥1,795,116,985.05, a decrease of 17.06% from ¥2,165,508,080.11 in the previous period[23] - Operating profit decreased to ¥391,990,200.52, down 25.1% from ¥523,768,016.92 year-on-year[23] - Net profit attributable to shareholders of the parent company is ¥339,364,910.37, a decline of 25.5% compared to ¥455,392,267.43 in the previous period[24] - Total comprehensive income for the current period is ¥339,933,969.53, down 26.0% from ¥459,066,485.69 in the previous period[24] - Basic earnings per share decreased to ¥0.80 from ¥1.07, indicating a decline in profitability[24] Assets and Liabilities - Total assets increased by 4.52% to CNY 4,328,774,908.34 compared to the end of the previous year[6] - The company's total liabilities as of September 30, 2025, were CNY 1,200,230,561.25, compared to CNY 1,180,458,438.80 at the beginning of the period[20] - The total equity attributable to the owners of the parent company increased to CNY 3,004,484,266.55 from CNY 2,831,249,738.28[22] - Cash and cash equivalents at the end of the period were CNY 1,072,079,684.71, up from CNY 962,971,745.56[19] - The company's accounts receivable decreased to CNY 41,399,672.12 from CNY 53,947,506.68[19] - The company's inventory increased slightly to CNY 441,704,370.75 from CNY 430,295,653.11[19] - The long-term equity investments decreased to CNY 49,790,004.56 from CNY 57,265,263.69[19] - The company's short-term borrowings decreased to CNY 105,853,497.55 from CNY 143,507,281.81[20] - The company's total non-current liabilities increased to CNY 671,007,968.06 from CNY 653,056,864.04[20] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was CNY 469,918,725.77, an increase of 5.68%[6] - Cash flow from operating activities generated a net amount of ¥469,918,725.77, an increase of 5.5% from ¥444,677,975.13 in the previous period[26] - The company reported a significant increase of 1889.24% in fair value changes to CNY 29,867,081.81, primarily from stock holdings[12] - Investment income increased by 256.03% to CNY 15,658,742.09 due to gains from equity transfers[12] - The company reported a significant increase in investment income to ¥15,658,742.09, compared to ¥4,398,106.54 in the previous period[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,042[13] - Major shareholder Li Maohong holds 38.98% of the shares, totaling 165,356,249 shares[14] - The company plans to distribute a cash dividend of CNY 3 per 10 shares to all shareholders based on the total share capital on the record date for the 2025 semi-annual profit distribution plan[16] Research and Development - Research and development expenses increased to ¥97,657,628.53, up from ¥90,000,566.57, reflecting a focus on innovation[23] Financing Activities - The company experienced a net cash outflow from financing activities of ¥237,024,917.39, an improvement from a larger outflow of ¥280,911,702.81 in the previous period[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥5,517,422,603.20, a decrease of 12.29% compared to the same period last year[5] - Net profit attributable to shareholders was ¥35,250,941.43, an increase of 9.52% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥24,857,066.64, down 14.39% from the previous year[5] - Total operating revenue for the current period reached ¥14,792,809,110.49, an increase of 6.85% compared to ¥13,844,988,394.76 in the previous period[19] - Total operating costs amounted to ¥14,720,314,354.45, up from ¥13,782,465,010.85, reflecting a year-over-year increase of 6.80%[19] - Net profit for the current period was ¥96,035,146.60, representing a 20.58% increase from ¥79,529,138.93 in the previous period[20] - The company reported a comprehensive income total of ¥97,290,292.80, compared to ¥79,487,986.24 in the previous period, indicating a significant growth[21] - Basic and diluted earnings per share for the current period were both ¥0.0551, compared to ¥0.0523 in the previous period, showing an increase of 5.34%[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,090,056,412.25, reflecting a growth of 5.54% compared to the end of the previous year[5] - The company's total current assets increased to ¥8,434,996,620.07 from ¥7,920,468,461.52, reflecting a growth of approximately 6.5%[15] - Total assets reached ¥11,090,056,412.25, up from ¥10,508,292,236.36, indicating an increase of about 5.5%[16] - The total liabilities increased to ¥6,038,169,635.52 from ¥5,527,679,607.37, marking a rise of 9.23%[17] - Total equity attributable to shareholders of the parent company was ¥4,997,075,051.47, slightly up from ¥4,931,066,225.12, reflecting a growth of 1.34%[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2,079,971,871.73, a decrease of 13.66% compared to the previous year[5] - Cash inflow from operating activities totaled ¥15,752,285,244.93, an increase from ¥15,269,481,973.55 in the previous period[22] - The net cash flow from operating activities was -2,079,971,871.73, compared to -1,830,039,945.72 in the previous period, indicating a decline in operational cash flow[23] - Cash inflow from investment activities totaled 638,303,601.95, down from 1,025,790,098.02 in the previous period, reflecting a decrease in investment returns[23] - The net cash flow from financing activities increased significantly to 1,238,579,089.66, compared to 331,632,514.60 in the previous period, showing improved financing conditions[23] - The total cash and cash equivalents at the end of the period were 821,193,027.42, a decrease from 1,655,511,481.48 at the beginning of the period[23] - The net increase in cash and cash equivalents was -834,318,454.06, compared to -1,364,789,097.33 in the previous period, showing an improvement in cash management[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 204,090[12] - Guangdong Guangxin Holdings Group holds 18.88% of shares, amounting to 329,151,735 shares, with 65,350,000 shares pledged[12] - The company reported a total of 1,125,800 shares held by Yang Xiaoying in a general account, contributing to the total of 4,238,312 shares[13] - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[14] - The company has no significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[13] Expenses and Investments - Research and development expenses were reported at ¥188,215,382.87, consistent with the previous period's ¥188,355,712.29, indicating stable investment in innovation[20] - Financial expenses decreased by 47.55% to ¥25,388,265.15, attributed to changes in exchange rates[10] - The company’s financial expenses decreased significantly to ¥25,388,265.15 from ¥48,404,550.16, a reduction of 47.5%[20] - Investment income turned negative at -¥5,910,540.89, a decline of 180.91% year-on-year due to reduced equity method investment income[10] - Cash outflows related to investment activities amounted to 632,329,891.65, compared to 879,520,757.36 in the previous period, suggesting a decrease in capital expenditures[23] - The company paid 650,611,469.58 in employee-related cash outflows, slightly down from 656,764,744.40 in the previous period[23] - The cash paid for taxes was 118,553,761.57, a decrease from 187,069,461.96 in the previous period, indicating a reduction in tax liabilities[23]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥338,842,765.61, representing a 48.13% increase compared to the same period last year[4] - The net profit attributable to shareholders was -¥26,498,289.70, a decrease of 19.02% year-on-year[4] - The net cash flow from operating activities was -¥130,743,046.45, reflecting a 35.20% decline compared to the previous year[4] - The company's basic earnings per share were -¥0.0289, a decrease of 19.05% year-on-year[4] - Total operating revenue for the current period reached ¥615,102,572.42, an increase of 42.3% compared to ¥432,186,092.19 in the previous period[17] - Net loss for the current period was ¥25,857,040.88, a reduction from a net loss of ¥49,840,154.71 in the previous period, indicating an improvement of 48.2%[18] - The company reported a comprehensive loss of ¥25,857,040.88, compared to a comprehensive loss of ¥49,910,154.71 in the prior period, reflecting a significant decrease of 48.2%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,087,255,195.95, down 4.37% from the end of the previous year[4] - The total current assets decreased from 780,419,399.95 RMB to 720,367,687.38 RMB, a reduction of approximately 7.5%[13] - The company's total liabilities amounted to $553.29 billion, with short-term borrowings at $302.41 billion[15] - The company’s long-term debt stands at $300 billion, indicating a stable capital structure[15] - The company's total equity attributable to shareholders decreased to ¥442,829,262.01 from ¥469,039,786.11, a decline of 5.6%[16] Cash Flow - The company reported cash inflows from operating activities totaling 70,143,184.74, with a net cash flow from operating activities of -13,074,304.46[21] - The net cash flow from financing activities was 14,008,736.89, indicating significant cash outflows related to financing[21] - The net cash flow from investing activities was -$2,678,217.80, reflecting a strategic focus on growth investments[22] - The total cash and cash equivalents at the end of the period was $31,016,425.73, compared to $15,217,898.19 at the end of the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,399[10] - The largest shareholder, Keyuan Holdings Group, holds 11.00% of shares, totaling 100,795,771 shares, all of which are pledged[10] - The company has not disclosed any changes in the shareholding structure due to securities lending or borrowing activities among the top shareholders[10] Research and Development - Research and development expenses increased by 37.34% to ¥26,532,431.16, driven by increased investment in R&D projects[8] - Research and development expenses increased to ¥26,532,431.16, up 37.5% from ¥19,319,278.87 in the previous period, highlighting a focus on innovation[17] Investments and Acquisitions - The company plans to acquire 100% of Ningbo Guopei Petrochemical Co., Ltd. for 225 million RMB, which has been approved by the board and shareholders[11] - The company has completed a property exchange involving 35,000 square meters of real estate for 36,555.61 square meters, with the other party having delivered all properties[12] - The company recorded an investment income of ¥419,742.69, a 113.96% increase compared to the previous year, due to profits from futures trading[8] Operational Efficiency - The company experienced a 46.52% reduction in other operating expenses, amounting to ¥128,018.69, due to decreased fixed asset disposal losses[8] - The company reported a significant increase in inventory, which rose by 319.84% to ¥106,465,766.87, attributed to the peak sales season and increased raw material purchases[7] Financial Position - The company’s total equity is $533.96 billion, reflecting a strong financial position[15] - The company reported total assets of $1,087.25 billion, with a significant increase in fixed assets to $874.06 billion[15] - The intangible assets reached $109.70 billion, indicating a focus on data resources development[15] Compliance and Standards - The company did not undergo an audit for the third quarter financial report[23] - The company plans to implement new accounting standards starting in 2025[24]

Financial Performance - The company's operating revenue for the third quarter was ¥24,315,924.79, a decrease of 1.72% compared to the same period last year[5] - The net profit attributable to shareholders was -¥663,633.87, representing a decline of 126.67% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥965,830.23, down 141.18% from the previous year[5] - The basic and diluted earnings per share were both -¥0.0083, a decrease of 126.69% compared to the same period last year[5] - Total operating revenue for the current period reached ¥65,364,253.28, an increase of 4.9% compared to ¥62,333,685.60 in the previous period[20] - Net profit for the current period was ¥222,303.85, a significant decrease of 95.2% from ¥4,613,239.65 in the previous period[21] - The company’s total comprehensive income for the current period was ¥222,303.85, down from ¥4,613,239.65, a decrease of 95.2%[22] - Basic earnings per share decreased to ¥0.0095 from ¥0.0688, a decline of 86.2%[22] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥123,342,551.71 for the year-to-date, a decline of 173.41%[5] - The company reported a net cash inflow from operating activities of ¥154,508,406.67, compared to ¥82,209,499.17 in the previous period, indicating an increase of 88.0%[23] - The net cash flow from operating activities was -$123.34 million, compared to -$45.11 million in the previous period, indicating a significant decline in operational cash generation[24] - Total cash outflow from operating activities amounted to $277.85 million, up from $127.32 million, reflecting increased operational expenses[24] - The ending cash and cash equivalents balance decreased to $218.18 million from $289.91 million, showing a reduction in liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,001,182,797.97, an increase of 2.75% from the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to RMB 1,001,182,797.97, an increase from RMB 974,417,717.99 at the beginning of the period[16] - The company's cash and cash equivalents decreased from RMB 356,600,531.94 at the beginning of the period to RMB 218,461,212.63 by the end of September 2025[16] - Accounts receivable increased from RMB 257,209,408.94 to RMB 283,401,532.39 during the same period[16] - Inventory rose significantly from RMB 158,505,484.92 to RMB 211,122,126.34[17] - Short-term borrowings increased from RMB 17,112,371.25 to RMB 57,946,874.99[17] - The company's total liabilities included accounts payable decreasing from RMB 63,617,349.23 to RMB 42,160,712.56[17] - The total liabilities increased to ¥200,021,527.16 from ¥176,006,751.03, reflecting a growth of 13.6%[18] - The company reported a total of RMB 199,947,175.01 in non-current assets, up from RMB 138,200,899.27 at the beginning of the period[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,088[10] - The largest shareholder, Wei Qiang, holds 42.43% of the shares, totaling 33,945,600 shares[10] - The controlling shareholder transferred 4,000,000 unrestricted circulating shares, representing 5% of the company's total share capital, to Shenzhen Century Zhiyuan Private Securities Fund Management Co., Ltd.[14] Operational Activities - The company has seen an increase in prepayments due to project procurement needs, indicating ongoing operational activities[8] - The company signed a purchase contract with Client B in April 2025, with a total amount of RMB 93.5 million (including tax)[12] - The company's subsidiary was awarded the "Chengdu Pilot Platform" qualification in the industrial drone field by the Chengdu Science and Technology Bureau in April 2025[13] Expenses and Investments - Research and development expenses rose to ¥15,661,375.92, up from ¥13,893,125.25, marking an increase of 12.7%[21] - Cash paid to employees was $56.06 million, down from $63.61 million, suggesting a potential reduction in workforce costs[24] - Cash received from minority shareholders' investments was $2.53 million, a decrease from $12 million, indicating reduced interest from minority investors[24] - Cash paid for debt repayment was $128.17 million, significantly higher than $15.25 million, reflecting increased debt servicing obligations[24] - The net cash flow from investing activities was -$83.28 million, compared to -$60.15 million, indicating higher investment expenditures[24] Accounting and Auditing - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[25] - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[25]

Financial Performance - Q3 2025 revenue was CNY 151.61 million, a decrease of 1.74% year-on-year, while year-to-date revenue increased by 23.98% to CNY 389.69 million[5]. - Net profit attributable to shareholders was a loss of CNY 27.31 million for Q3 2025, down 47.40% year-on-year, with a year-to-date loss of CNY 65.97 million, a slight increase of 0.41%[5]. - The basic and diluted earnings per share for Q3 2025 were both CNY -0.1343, reflecting a decrease of 37.32% compared to the same period last year[5]. - The company reported total operating revenue of RMB 389,694,123.30 for the current period, an increase from RMB 314,326,388.14 in the previous period, reflecting a growth of approximately 24%[25]. - Net profit for the period was ¥-65,652,521.25, slightly improved from ¥-66,193,747.67 in the previous period, indicating a reduction in losses[27]. - Total comprehensive income for the period was ¥-65,652,521.25, compared to ¥-66,193,747.67 in the previous period, showing a marginal improvement[27]. - Basic and diluted earnings per share improved to ¥-0.3384 from ¥-0.3496, indicating a slight reduction in loss per share[27]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1.74 billion, down 4.54% from the end of the previous year[5]. - The company's total assets decreased to RMB 1,738,860,989.06 from RMB 1,821,585,810.39, a decline of approximately 4.5%[24]. - The company's total liabilities decreased to RMB 1,174,818,777.06 from RMB 1,390,632,674.90, representing a reduction of about 15.5%[24]. - Shareholders' equity increased by 30.62% year-on-year to CNY 552.30 million[5]. - The company's equity attributable to shareholders increased to RMB 552,299,907.83 from RMB 422,825,536.06, marking an increase of approximately 30.6%[24]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13.71 million year-to-date, an improvement of 54.46% compared to the previous year[5]. - Operating cash flow net amount was ¥-13,714,233.00, an improvement from ¥-30,115,940.47 year-over-year[28]. - Cash and cash equivalents at the end of the period increased to ¥85,274,868.74 from ¥35,057,396.17, showing a significant rise of approximately 143.5%[29]. - Financing activities produced a net cash inflow of ¥54,188,742.31, a substantial increase from ¥1,465,853.17 year-over-year[29]. - Investment activities generated a net cash outflow of ¥-27,507,369.16, compared to ¥-32,575,803.54 in the previous period, indicating a reduction in cash outflow[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,373[11]. - The largest shareholder, Zhang Weiguo, holds 18.71% of the shares, amounting to 40,966,913 shares[11]. - The total number of restricted shares at the beginning of the period was 1,021,031, with 240,000 shares released during the period, resulting in 874,781 restricted shares at the end[14]. - The company has not identified any related party relationships among the top 10 shareholders[11]. Investments and Financing - The company reported a significant increase in receivables financing, up 77.15% to CNY 70.18 million, attributed to an increase in receivables financing notes received[9]. - Investment income for the year-to-date period increased by 211.20% to CNY 2.87 million, primarily due to gains from the transfer of equity interests in joint ventures[10]. - The company reported a 100% reduction in trading financial assets, with no new investments made during the period[9]. - The company plans to redeem all "Feilu Convertible Bonds" on August 11, 2025, with a total redemption amount of 1,013,644.55 yuan[15]. - The company has 10,081 "Feilu Convertible Bonds" remaining to be redeemed at a price of 100.55 yuan per bond[15]. - Xiangguang Intelligent has agreed to provide an unsecured loan of at least 50 million yuan to the company[18]. - The company will issue between 32 million and 40 million shares at a price of 8.08 yuan per share, raising up to 32.32 million yuan for working capital[18]. - A change in control occurred with the transfer of 11 million shares from Zhang Weiguo to Xiangguang Intelligent Technology Co., Ltd.[16]. - The voting rights of 29,966,913 shares have been irrevocably entrusted to Xiangguang Intelligent[16]. Operational Metrics - The company experienced a 42.47% decrease in taxes and surcharges, totaling CNY 1.80 million, due to the absence of pre-paid VAT from the previous year[10]. - The company completed the repurchase and cancellation of 1,174,500 shares of restricted stock due to unmet performance conditions and employee departures[19]. - As of July 28, 2025, the company received a total of RMB 50,391,600 from 51 incentive participants for stock options under the 2023 stock option incentive plan[20]. - The company's cash and cash equivalents increased to RMB 110,466,208.74 from RMB 105,256,769.22, showing a growth of about 2%[22]. - The company reported a decrease in accounts receivable to RMB 462,077,393.44 from RMB 503,308,330.90, a decline of about 8.2%[23]. - The company’s inventory decreased to RMB 175,749,745.14 from RMB 193,482,452.14, reflecting a decline of approximately 9.2%[23]. - Total operating costs increased to ¥460,776,165.40 from ¥383,876,190.47, representing a growth of approximately 20.1% year-over-year[26]. - Research and development expenses rose to ¥18,554,255.43 from ¥17,843,457.64, reflecting a year-over-year increase of approximately 4%[26]. - Sales revenue from goods and services received cash of ¥294,686,596.60, up from ¥269,341,433.08, marking an increase of about 9.5%[28].

Financial Performance - The company's revenue for Q3 2025 reached ¥499,325,806.76, representing a 30.36% increase year-over-year[6] - Net profit attributable to shareholders was ¥40,892,532.15, up 23.54% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥28,536,287.99, reflecting a 41.85% increase year-over-year[6] - The company achieved a revenue of 1.419 billion RMB in the first three quarters of 2025, representing a year-on-year growth of 25.81%[17] - Revenue from drug development and commercialization services was 1.179 billion RMB, reflecting a year-on-year increase of 34.91%[17] - Total operating revenue for the current period reached ¥1,419,054,885.82, an increase of 25.7% compared to ¥1,127,892,555.29 in the previous period[24] - The net profit for the current period is CNY 113,390,631.27, a decrease of 13.9% compared to CNY 131,790,818.60 in the previous period[25] - The total profit for the current period is CNY 128,234,163.84, down from CNY 147,998,927.07 in the previous period[25] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥7,794,641,752.32, a 57.94% increase from the end of the previous year[6] - The company's equity attributable to shareholders increased by 139.29% to ¥7,149,000,685.97 compared to the end of the previous year[6] - Total liabilities decreased to ¥645,641,066.35 from ¥1,947,719,670.04, a decline of 66.9%[22] - Non-current assets increased to ¥5,131,662,934.01 from ¥2,218,334,497.16, reflecting a growth of 131.5%[21] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥543,482,604.71, a significant increase of 187.74%[6] - The net cash flow from operating activities was 543 million RMB, a significant increase of 187.74% compared to the same period last year[18] - The cash flow from investing activities shows a net outflow of CNY 307,707,118.32, compared to a smaller outflow of CNY 5,986,725.75 in the previous period[28] - The cash flow from financing activities resulted in a net outflow of CNY 247,171,819.29, an improvement from a net outflow of CNY 377,079,879.92 in the previous period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 46,457[12] - The largest shareholder, Yang Minmin, holds 17.71% of the shares, amounting to 41,403,319 shares, with 12 million shares pledged[12] Cost Management - The company reported a 44.13% increase in operating costs, totaling ¥979,876,477.06 for the year-to-date[10] - Total operating costs amounted to ¥1,281,579,226.63, up 26.6% from ¥1,011,642,933.42 in the prior period[24] - The company reported a net profit margin improvement, with operating costs growing at a slower rate than revenue[24] - The company plans to maintain dynamic balance between cost control and strategic development to support long-term sustainable growth[17] Market and Business Development - New orders for CDMO services increased by 15% year-on-year, with new business orders for peptides and ADCs growing by over 100%[18] - The company is focusing on expanding its market presence and enhancing product development strategies moving forward[24] - The company is prioritizing resource allocation towards technology services and CMC business to strengthen long-term partnerships with core clients[17] Other Financial Metrics - The basic earnings per share for Q3 2025 was ¥0.2032, up 22.12% year-over-year[6] - Basic earnings per share decreased to 0.5635 from 0.6626 in the previous period[26] - The company experienced a foreign exchange impact of CNY 1,465,968.39 on cash and cash equivalents[28] - The company reported a significant increase in other income to CNY 16,262,839.51 from CNY 7,184,657.22 in the previous period[25] - The total comprehensive income for the current period is CNY 3,058,673,130.81, significantly higher than CNY 130,726,069.30 in the previous period[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥382,207,388.95, representing an increase of 18.99% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 92.48% to ¥2,031,062.89, while the net profit after deducting non-recurring gains and losses was -¥882,668.10, a decline of 103.77%[4]. - The total profit decreased by 41.75%, mainly due to a decline in gross profit margin[10]. - Net profit for the current period was ¥46,320,886.81, a decrease of 40.0% from ¥77,088,098.90 in the previous period[26]. - The company's equity attributable to shareholders increased to ¥1,218,483,706.19, up from ¥1,180,022,518.09, representing a growth of 3.2%[23]. - The company reported a comprehensive income total of ¥45,859,155.34, compared to ¥76,916,755.91 in the prior period, indicating a decline of 40.5%[27]. Cash Flow - The cash flow from operating activities showed a significant decline of 67.36%, totaling ¥101,600,448.14 year-to-date[9]. - Cash inflow from investment activities totaled CNY 1,660,735,552.70, significantly higher than CNY 509,739,959.86 in the previous period, representing an increase of approximately 226.36%[29]. - Cash inflow from financing activities was CNY 76,766,525.00, compared to CNY 5,517,060.47 in the previous period, marking an increase of approximately 1,290.73%[29]. - The ending balance of cash and cash equivalents decreased to CNY 215,304,064.50 from CNY 351,260,475.08 in the previous period, a decline of approximately 38.73%[29]. - Net cash outflow from operating activities was CNY 101,600,448.14, down from CNY 311,303,304.57 in the previous period, indicating a decrease of about 67.32%[29]. Assets and Liabilities - Total assets increased by 10.84% to ¥2,193,879,232.25 compared to the end of the previous year[4]. - Total liabilities rose to ¥974,924,560.33, an increase of 22.0% from ¥798,752,446.18 in the previous year[23]. - The company's inventory rose by 33.87%, attributed to an increase in raw material stockpiling[10]. - Trading financial assets increased significantly to ¥180,000,000.00 from ¥15,010,250.00[21]. - Accounts receivable slightly decreased to ¥508,773,136.33 from ¥517,232,890.27[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,688[12]. - Wu Xinli holds 41.08% of the company's shares, totaling 93,875,013 shares[12]. - The company repurchased 3,207,200 shares, accounting for 1.40% of the current total share capital[13]. - The number of shares held by the top ten shareholders does not include shares lent through margin trading[12]. - The company has no known relationships or concerted actions among other shareholders[13]. Expenses and Investments - Research and development expenses for the current period were ¥57,563,258.87, slightly down from ¥58,439,804.28 in the previous period[26]. - Cash paid to employees rose to CNY 166,474,257.03 from CNY 117,181,548.09, an increase of approximately 42.09%[29]. - The company experienced a substantial increase in tax payments, which rose to CNY 59,542,666.39 from CNY 9,459,935.54, indicating an increase of approximately 530.73%[29]. Future Plans - The company plans to implement an employee stock ownership plan in 2024[18]. - The company announced changes to its registered capital and business scope on August 22, 2025[19].

Financial Performance - The company's operating revenue for the third quarter was ¥194,297,838.99, a decrease of 61.26% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥412,234,367.52, representing a decline of 72.51% year-on-year[5]. - The basic earnings per share were -¥0.2377, down 72.50% from the previous year[5]. - Total revenue for the third quarter was CNY 1,013,850,330.86, a decrease of 45.4% compared to CNY 1,857,226,754.64 in the same period last year[18]. - The company's net profit for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, indicating a significant increase in losses[20]. - Operating profit for the current period is -1,397,450,617.94 CNY, compared to -264,811,956.33 CNY in the previous period, reflecting a worsening operational performance[20]. - Total comprehensive income for the current period is -1,414,683,412.11 CNY, compared to -256,676,401.44 CNY in the previous period, showing a substantial decline[20]. - Basic and diluted earnings per share for the current period are both -0.7554 CNY, compared to -0.1353 CNY in the previous period, indicating a deterioration in earnings[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,722,509,778.30, a decrease of 6.34% from the end of the previous year[5]. - Total assets decreased to CNY 19,722,509,778.30 from CNY 21,058,044,676.67, indicating a decline of 6.4%[16]. - Total liabilities increased slightly to CNY 21,707,013,147.90 from CNY 21,634,353,141.28, a marginal increase of 0.3%[16]. - The company's equity attributable to shareholders decreased to CNY -3,063,208,162.86 from CNY -1,753,148,880.36, indicating a worsening of 74.8%[16]. - Non-current liabilities decreased to CNY 3,611,065,786.71 from CNY 4,195,983,706.78, a decrease of 13.9%[16]. Cash Flow - Cash flow from operating activities increased by 119.06% year-on-year, amounting to ¥202,767,622.57[5][8]. - Cash flow from operating activities generated a net inflow of 202,767,622.57 CNY, a recovery from a net outflow of -1,063,577,859.93 CNY in the previous period[22]. - Cash flow from investing activities generated a net inflow of 119,537,907.75 CNY, compared to a net outflow of -151,168,197.99 CNY in the previous period, showing improved investment cash flow[22]. - Cash flow from financing activities resulted in a net outflow of -408,210,095.82 CNY, compared to -34,691,476.82 CNY in the previous period, indicating increased financing costs[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,284[11]. - The largest shareholder, China Power Construction Real Estate Group Co., Ltd., held 22.43% of the shares[11]. Operational Metrics - The company reported a 45.41% decline in operating income due to a significant reduction in the number and scale of projects recognized for revenue[7]. - The company experienced a 1452.17% increase in taxes and surcharges, attributed to additional land value tax assessments[8]. - The company’s financial expenses rose by 32.32% year-on-year due to changes in the external financing environment[8]. - Total operating costs amounted to CNY 2,133,217,121.27, down 18.8% from CNY 2,626,013,283.63 year-over-year[18]. - Sales revenue from goods and services received cash of 1,473,468,584.43 CNY, down from 1,701,533,511.80 CNY in the previous period[21]. - Cash outflow for purchasing goods and services was 947,877,379.08 CNY, compared to 1,330,072,901.27 CNY in the previous period, indicating reduced expenditure[22]. Inventory and Receivables - Cash and cash equivalents at the end of the period were CNY 472,832,814.43, down from CNY 587,594,612.39 at the beginning of the period, representing a decrease of 19.5%[14]. - Accounts receivable decreased to CNY 210,641,409.21 from CNY 324,732,794.67, reflecting a decline of 35.1%[14]. - Inventory decreased to CNY 9,173,189,631.53 from CNY 9,687,404,787.79, a reduction of 5.3%[15]. Audit Status - The company has not undergone an audit for the third quarter financial report[24].