Financial Performance - Q3 2025 revenue was CNY 116,617,256.62, a decrease of 3.57% year-over-year, and a decline of 13.31% compared to the beginning of the year[5] - Net profit attributable to shareholders was CNY -8,627,087.52, a decrease of 227.69% year-over-year, and CNY -45,339,431.49 for the year-to-date, down 24.72%[5] - Basic and diluted earnings per share were both CNY -0.0271, reflecting a decrease of 227.83% year-over-year[5] - Total operating revenue for the current period was CNY 348,810,958.38, a decrease of 13.3% compared to CNY 402,356,773.40 in the previous period[32] - The net profit for the current period is -45,769,255.29, compared to -37,080,882.01 in the previous period, indicating a decline of approximately 23.0%[34] - Operating profit for the current period is -46,970,214.23, compared to -38,694,754.71 in the previous period, reflecting a decrease of about 21.5%[34] - The total comprehensive income attributable to the parent company is -45,339,431.49, compared to -36,351,799.82 in the previous period, indicating a decline of approximately 24.5%[34] - Basic and diluted earnings per share for the current period are both -0.1426, compared to -0.1143 in the previous period, reflecting a decrease of approximately 24.8%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,649,005,409.57, down 3.18% from the end of the previous year[5] - Total liabilities decreased to CNY 679,171,970.60 from CNY 721,802,602.07, a reduction of 5.9%[30] - Total assets decreased to CNY 2,649,005,409.57 from CNY 2,736,124,198.16, a decline of 3.2%[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 2,799,122.50, down 33.89%[5] - Cash flow from operating activities netted 2,799,122.50, down from 4,233,892.91, a decrease of approximately 33.9%[37] - Cash flow from investing activities resulted in a net outflow of -10,877,335.28, compared to a net inflow of 1,965,694.10 in the previous period[37] - Cash flow from financing activities generated a net inflow of 19,883,974.42, down from 76,238,872.43, a decline of about 73.9%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,340[23] - The largest shareholder, Liu Qun, holds 32.89% of the shares, with 35,000,000 shares pledged[23] Operating Costs and Expenses - Total operating costs amounted to CNY 415,765,238.26, down 10.0% from CNY 461,244,061.80 in the previous period[32] - Operating costs included CNY 180,545,140.47 in operating expenses, which decreased by 18.5% from CNY 221,601,767.96 in the previous period[32] - Research and development expenses decreased to 16,846,921.30 from 21,052,862.64, a reduction of about 20.0%[34] Other Income and Investments - Other income increased by 79.01% year-over-year, primarily due to a significant increase in VAT refunds[17] - Investment income decreased by 91.82% year-over-year, as there were no gains from the previous year's equity transfer settlement[17] Inventory and Receivables - Accounts receivable decreased to CNY 105,844,818.86 from CNY 120,099,455.35, a decline of 11.8%[28] - Inventory increased to CNY 110,440,316.57 from CNY 106,799,072.77, showing a growth of 3.1%[29] Prepayments and Borrowings - The company reported a 156.16% increase in prepayments compared to the beginning of the year, mainly due to increased advance payments for purchases[11] - Short-term borrowings rose to CNY 103,123,872.22 from CNY 80,080,055.56, an increase of 28.8%[30] Regulatory Issues - The company received an administrative penalty notice from the China Securities Regulatory Commission, indicating potential financial discrepancies in the annual report[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥270,005,287.70, representing a year-on-year increase of 9.35% and a cumulative increase of 10.63% year-to-date[5]. - The net profit attributable to shareholders was -¥15,820,115.22, a decline of 81.96% compared to the same period last year, with a year-to-date decline of 51.07%[5]. - The basic and diluted earnings per share were both -¥0.0742, reflecting an 81.96% decrease year-on-year and a 51.08% decrease year-to-date[5]. - Total operating revenue for the current period reached ¥691,137,318.73, an increase from ¥624,713,433.78 in the previous period, representing an increase of approximately 10.6%[30]. - Net profit for the current period was -¥112,139,003.47, compared to -¥233,626,059.63 in the previous period, showing a decrease in losses of approximately 52%[31]. - The company reported a basic and diluted earnings per share of -0.5449, an improvement from -1.1138 in the previous period[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,773,693,289.92, down 5.38% from the end of the previous year[5]. - The company's total liabilities decreased by 5.38% compared to the previous year, indicating a reduction in financial leverage[5]. - The total assets of the company as of September 30, 2025, amount to RMB 2.77 billion, a decrease from RMB 2.93 billion at the beginning of the period[26]. - The company's equity attributable to shareholders decreased from RMB 1.91 billion to RMB 1.80 billion, a reduction of about 5.8%[28]. - The total liabilities of the company decreased from RMB 1.01 billion to RMB 958.76 million, a decline of approximately 5.2%[28]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥119,494,957.74, a 46.68% increase in outflow year-to-date[5]. - Cash flow from operating activities showed a net outflow of -¥119,494,957.74, an improvement from -¥224,105,339.59 in the previous period[34]. - Cash inflow from investment activities was ¥440,820,042.43, compared to ¥339,381,983.13 in the previous period, reflecting an increase of about 29.9%[34]. - Cash flow from financing activities generated a net inflow of ¥76,507,477.59, compared to ¥108,989,615.70 in the previous period, indicating a decrease in inflow[34]. - The total cash and cash equivalents at the end of the period stood at ¥299,915,416.10, up from ¥154,432,624.10 in the previous period[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,343[15]. - The largest shareholder, Zhai Jun, holds 41.02% of the shares, totaling 87,437,136 shares, with 33,930,000 shares pledged[15]. - The second-largest shareholder, Cui Xuejun, holds 5.01% of the shares, totaling 10,677,114 shares[15]. - The top ten shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 47% of the total shares[15]. - The controlling shareholder has pledged 33,930,000 shares, accounting for 15.92% of the total share capital[24]. Strategic Initiatives - The company is focused on strategic investments to enhance its market position and expand its business operations[20]. - The company established a wholly-owned subsidiary, Guangzhou Wanjie Digital Technology Co., Ltd., with a registered capital of 10 million RMB to expand its integrated vehicle-road-cloud business[20]. - The company plans to establish a joint venture, Shanghai Yun Yue Wu Jie Technology Co., with a registered capital of RMB 10 million, where the company will contribute RMB 3 million, representing 30% of the capital[22]. - A strategic acquisition of a local tech firm was completed, expected to enhance product offerings and customer reach[37]. - The company plans to expand into Southeast Asian markets, targeting a 5% market share by 2026[37]. Operational Metrics - User base grew to 5 million active users, a 20% increase compared to the previous quarter[37]. - Gross margin improved to 45%, up from 40% in the previous quarter[37]. - Customer retention rate improved to 85%, reflecting enhanced user satisfaction and engagement[37]. - The company aims to reduce operational costs by 10% through efficiency improvements in the next fiscal year[37]. - Investment in R&D increased by 25% year-over-year, focusing on AI and cloud technologies[37]. Other Financial Metrics - The company reported a 52.10% increase in investment income, amounting to ¥17,306,470.43, due to increased equity investments and dividends from invested enterprises[11]. - The company received government subsidies amounting to ¥1,672,403.15 during the reporting period, contributing positively to its financial performance[6]. - The company has not reported any changes in the number of preferred shareholders or their holdings[17]. - The company has not disclosed any related party transactions among the top shareholders[16]. - The company has revised its articles of association to enhance governance, with the supervisory board's powers now exercised by the audit committee[23].

Financial Performance - Q3 2025 revenue was CNY 320,190,827.28, a decrease of 59.53% year-over-year[4] - Net profit attributable to shareholders was CNY -241,291,855.11, a decline of 7.97% compared to the same period last year[4] - Total operating revenue decreased to CNY 1,944,898,066.86 from CNY 2,372,152,276.59, representing a decline of approximately 18.0% year-over-year[25] - Net profit for the period was CNY -518,152,629.85, compared to CNY -589,103,231.98 in the previous period, showing an improvement of approximately 12.0%[26] - The company reported an operating loss of CNY -538,089,233.59, slightly better than the previous period's loss of CNY -590,249,469.99[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -36,954,297.82, a decrease of 110.77% year-over-year[4] - Operating cash flow for the current period is -36,954,297.82 CNY, a decrease from 343,160,254.01 CNY in the previous period, indicating a significant decline in operational performance[28] - Cash inflow from operating activities totaled 2,511,983,798.56 CNY, slightly down from 2,546,800,608.97 CNY in the previous period[28] - Cash outflow from operating activities increased to 2,548,938,096.38 CNY from 2,203,640,354.96 CNY, indicating higher operational costs[28] - Net cash flow from investment activities was -74,528,827.82 CNY, an improvement from -97,189,810.56 CNY in the previous period, indicating better investment efficiency[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,442,029,851.62, an increase of 1.18% from the end of the previous year[5] - Total liabilities rose to CNY 17,124,225,159.20 from CNY 16,380,572,251.11, an increase of approximately 4.5%[23] - The company's equity attributable to shareholders decreased to CNY 1,140,031,168.23 from CNY 1,658,419,731.85, a decline of about 31.2%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 74,931[17] - The largest shareholder, Henan Yuzhi Guarantee Housing Management Co., Ltd., holds 29.82% of shares, totaling 540,587,433 shares[17] - The second largest shareholder, Nanjing Qixia Construction Co., Ltd., holds 9.74% of shares, totaling 176,523,702 shares[17] Investment and Income - Investment income increased by 175.05% compared to the same period last year, primarily due to reduced investment losses from previous consolidations[12] - Non-operating income rose by 993.72% year-over-year, mainly from the transfer of unpayable supplier accounts to non-operating income[12] - The company recorded investment income of CNY 32,425,688.17, a significant recovery from a loss of CNY -43,205,320.65 in the previous period[25] Share Repurchase - The company has extended the implementation period of its second share repurchase plan to November 4, 2025, with a total repurchase amount of 5,073,816.00 RMB[20] - The company has repurchased 2,181,400 shares, representing 0.12% of the total share capital, with a maximum transaction price of 2.37 RMB per share[20] Other Financial Metrics - The weighted average return on net assets was -19.11%, a decrease of 11.02% year-over-year[5] - Basic and diluted earnings per share were both CNY -0.29, compared to CNY -0.33 in the previous period[27] - Other comprehensive income after tax was CNY 1,329,090.63, compared to a loss of CNY -775,534.58 in the previous period[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥242,381,280.23, a decrease of 18.37% compared to the same period last year[3] - The net profit attributable to shareholders was -¥30,352,215.75, representing a decline of 70.28% year-on-year[3] - The net cash flow from operating activities for the year-to-date was ¥178,606,190.70, down 37.57% compared to the previous year[3] - The net loss for the year-to-date was -¥65,959,102.29, a decrease of 16.09% compared to the previous year[3] - Total operating revenue decreased to ¥679.62 million from ¥800.37 million, a decline of approximately 15.0% year-over-year[21] - Net profit for the period was a loss of ¥55.08 million, compared to a loss of ¥42.85 million in the previous period, representing an increase in loss of approximately 28.5%[22] - The company's investment income showed a loss of ¥4.38 million, worsening from a loss of ¥2.56 million in the previous period[22] - The total comprehensive income attributable to the parent company was -65,968,314.86 CNY, compared to -56,822,075.89 CNY in the previous period, indicating a decline of approximately 16.5%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,697,134,319.38, a decrease of 1.97% from the end of the previous year[3] - The company's total current assets at the end of the reporting period amount to RMB 1,145,319,568.22, a decrease from RMB 1,178,943,467.48 at the beginning of the period[17] - The accounts receivable at the end of the reporting period is RMB 684,884,823.86, down from RMB 734,495,229.38 at the beginning of the period[17] - Long-term receivables decreased to ¥492.96 million from ¥516.22 million, a decline of approximately 4.5%[18] - Total assets decreased to ¥5.70 billion from ¥5.81 billion, a decline of approximately 1.9%[19] - Total liabilities decreased to ¥3.54 billion from ¥3.59 billion, a decline of approximately 1.0%[19] - The company's equity attributable to shareholders decreased to ¥2.07 billion from ¥2.15 billion, a decline of approximately 3.5%[19] Cash Flow - The net cash flow from operating activities was 178,606,190.70 CNY, down 37.6% from 286,086,674.93 CNY in the previous period[24] - Cash inflows from investment activities totaled 109,677,263.66 CNY, while cash outflows amounted to 231,724,168.93 CNY, resulting in a net cash flow from investment activities of -122,046,905.27 CNY[24] - The net cash flow from financing activities was -78,524,518.21 CNY, an improvement from -341,489,035.01 CNY in the previous period[24] - The ending balance of cash and cash equivalents was 68,123,539.18 CNY, down from 219,885,460.63 CNY in the previous period[24] - Cash received from sales of goods and services was 833,841,349.64 CNY, a decrease of 7.9% from 905,425,400.86 CNY in the previous period[23] - The company received 5,411,466.92 CNY in tax refunds, down from 9,038,103.97 CNY in the previous period[23] - The company reported cash inflows from other operating activities of 60,873,324.53 CNY, slightly up from 58,560,032.81 CNY in the previous period[23] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 43,017[10] - The largest shareholder, Zeng Shengqiang, holds 17.04% of the shares, amounting to 104,677,171 shares, with 76,230,000 shares pledged[10] Contracts and Revenue - The company confirmed sales revenue of RMB 57.0794 million from a contract with Ping An Communication for data center services during the reporting period[12] - The company signed a contract with China Mobile for IDC room leasing services with a total contract value of approximately RMB 711 million, confirming sales revenue of RMB 34.6677 million during the reporting period[13] - The company has completed 95% of the engineering construction for a contract with China Mobile, with a total contract value of approximately RMB 411.7871 million[15] Investments and Expenditures - The company reported a significant increase in prepayments by 137.41%, reaching ¥29,682,956.84, due to increased business activities[7] - The company experienced a 148.33% increase in contract liabilities, totaling ¥68,498,700.67, attributed to increased customer payments received[7] - The company reported a significant increase in development expenditure for data resources, rising to ¥68.91 million from ¥41.60 million, an increase of approximately 65.5%[18] - The company established a new subsidiary, Changsha Zengtong Zhikuan Technology Co., Ltd., with an investment of RMB 10 million, holding 100% of its shares[15] Earnings Per Share - The company's basic earnings per share for Q3 2025 was -¥0.05, a decrease of 66.67% year-on-year[3] - Basic and diluted earnings per share were both -0.11 CNY, compared to -0.09 CNY in the previous period[23] Other Information - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending[11] - The company did not execute any new accounting standards adjustments for the current reporting period[25] - Research and development expenses decreased to ¥54.25 million from ¥61.46 million, a reduction of approximately 11.7% year-over-year[21]

Financial Performance - Q3 2025 revenue decreased by 9.09% year-on-year to ¥7,201,417,004.32, and year-to-date revenue decreased by 12.38% to ¥21,512,920,189.28[5] - Net profit attributable to shareholders was -¥5,978,700.07, a decline of 840.40% year-on-year, while year-to-date net profit decreased by 44.39% to ¥25,703,007.64[5] - Basic and diluted earnings per share were both -¥0.0022, reflecting a decrease of 833.33% year-on-year[5] - Total operating revenue for the current period was CNY 21,512,920,189.28, a decrease of 12.4% from CNY 24,552,692,705.95 in the previous period[17] - Net profit for the current period was CNY 68,240,194.38, a decline of 45.7% compared to CNY 125,845,355.52 in the previous period[18] - The net profit attributable to shareholders of the parent company was CNY 25,703,007.64, down 44.3% from CNY 46,217,326.63 in the prior period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥27,276,681,078.15, down 5.28% from the end of the previous year[5] - Total assets decreased to CNY 27,276,681,078.15 from CNY 28,798,320,164.17, reflecting a reduction of 5.3%[16] - Total liabilities decreased to CNY 24,431,604,810.77 from CNY 25,954,556,650.61, a decline of 5.9%[16] - Non-current assets totaled CNY 2,698,892,229.34, down from CNY 2,963,496,945.13, a decrease of 8.9%[16] Cash Flow - Cash flow from operating activities decreased by 21.64% year-to-date to ¥39,703,660.15[5] - Cash inflow from operating activities totaled ¥23,929,379,858.45, down from ¥28,073,736,409.48 in the previous period, representing a decrease of approximately 14.5%[19] - Net cash flow from operating activities was ¥39,703,660.15, a decline from ¥50,668,071.69, indicating a decrease of about 21.6%[19] - Cash outflow from investing activities was ¥140,842,057.42, compared to ¥405,657,736.67 in the previous period, showing a reduction of approximately 65.3%[20] - Net cash flow from investing activities was -¥88,830,215.66, worsening from -¥62,573,916.89 year-over-year[20] - Cash inflow from financing activities was ¥12,852,564,568.09, an increase from ¥11,256,351,528.50, reflecting a growth of about 14.2%[20] - Net cash flow from financing activities decreased to -¥629,194,559.17 from -¥326,060,584.80, indicating a decline of approximately 93.5%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 124,206[12] - Shenzhen Haiwang Group holds 46.23% of shares, totaling 1,216,445,128 shares, with no pledged shares[12] Investments and Expenses - Investment income increased by 2,046.91% year-on-year, mainly due to gains from the disposal of subsidiaries[9] - The company reported a significant reduction in financial expenses, totaling CNY 449,888,099.32, down from CNY 534,935,631.81, a decrease of 16.0%[17] - Research and development expenses were CNY 31,676,341.57, slightly down from CNY 32,134,928.15, indicating a stable investment in innovation[17] Other Financial Metrics - Cash and cash equivalents decreased to ¥2,071,336,403.32 from ¥3,456,273,633.71, a decline of approximately 40%[14] - Accounts receivable increased to ¥15,069,808,349.70 from ¥15,319,422,562.26, indicating a slight decrease of about 1.63%[14] - Inventory decreased to ¥3,327,736,910.49 from ¥3,486,933,682.12, a reduction of approximately 4.55%[14] - Total current assets decreased to ¥24,577,788,848.81 from ¥25,834,823,219.04, a decline of about 4.86%[14] - Long-term equity investments increased to ¥194,934,711.00 from ¥193,570,097.26, a growth of approximately 0.70%[14] - Other equity instrument investments decreased to ¥122,685,275.00 from ¥140,337,205.00, a decline of about 12.59%[14] - Fixed assets decreased to ¥871,954,535.46 from ¥951,245,081.84, a reduction of approximately 8.36%[14] Audit and Accounting Standards - The company did not undergo an audit for the third quarter financial report[21] - The company plans to implement new accounting standards starting in 2025[21]

Financial Performance - The company's operating revenue for Q3 2025 was ¥191,464,636.83, a decrease of 39.41% compared to ¥316,007,849.90 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥11,288,426.15, an improvement of 40.82% from a loss of ¥19,073,504.19 year-over-year[4] - Total operating revenue for the current period is ¥517,619,667.86, a decrease of 12.5% from ¥591,821,451.50 in the previous period[20] - Operating profit for the current period is -¥39,659,896.75, an improvement from -¥74,570,488.16 in the previous period[21] - Net profit for the current period is -¥96,829,856.13, compared to -¥76,442,068.70 in the previous period[21] - The company reported a basic and diluted earnings per share of -0.0994, compared to -0.0729 in the previous period[22] Cash Flow - The cash flow from operating activities increased significantly by 291.31%, reaching ¥250,068,468.82 compared to ¥63,905,421.78 in the previous year[5] - Operating cash flow for the current period reached ¥250,068,468.82, a significant increase from ¥63,905,421.78 in the previous period, representing a growth of approximately 292%[24] - Total cash inflow from operating activities was ¥832,253,225.62, compared to ¥635,055,585.43 in the prior period, indicating an increase of about 31%[24] - Cash outflow from operating activities totaled ¥582,184,756.80, slightly up from ¥571,150,163.65, resulting in a net cash flow from operating activities of ¥250,068,468.82[24] - The ending balance of cash and cash equivalents was ¥90,092,217.11, up from ¥45,045,592.89 in the previous period[25] - Cash inflow from financing activities was ¥93,000,000.00, down from ¥477,916,205.85 in the previous period, indicating a decrease of approximately 80%[25] - Cash outflow for financing activities was ¥358,950,488.99, significantly lower than ¥781,566,857.00 in the prior period, reflecting a reduction of about 54%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,021,986,635.60, reflecting a decrease of 7.12% from ¥4,330,281,398.19 at the end of the previous year[5] - Non-current assets total ¥2,590,805,240.82, slightly up from ¥2,584,243,088.90 in the previous period[19] - Total liabilities amount to ¥3,023,882,070.32, a decrease from ¥3,213,671,376.79 in the previous period[19] - The company's total assets are reported at ¥4,021,986,635.60, down from ¥4,330,281,398.19 in the previous period[19] - The company has a total equity of ¥998,104,565.28, down from ¥1,116,610,021.40 in the previous period[19] Inventory and Expenses - The company's inventory increased by 106.26%, reaching ¥59,367,358.95, primarily due to growth in trade and construction business[9] - Research and development expenses rose by 33.48% to ¥8,294,539.27, indicating an increase in investment in R&D[9] - Research and development expenses increased to ¥8,294,539.27 from ¥6,213,931.49 in the previous period, reflecting a growth of 33.5%[21] - Total operating costs amount to ¥554,942,113.25, down 15.5% from ¥656,229,851.26 in the previous period[21] Legal Matters - The company is involved in ongoing legal matters, with a total of 24 cases related to securities false statements, amounting to 2,237,364.87 CNY[14] - The company has successfully dismissed 9 cases with a total amount of 603,398.76 CNY[14] - The company is committed to maintaining communication with small and medium investors regarding ongoing legal matters[15] - The company has received an administrative penalty from the China Securities Regulatory Commission, which may impact investor confidence[14] Audit Status - The company did not undergo an audit for the third quarter financial report[26] - The financial report for the third quarter was not audited, indicating a potential area for future scrutiny[26]

Revenue and Profit - The company's revenue for Q3 2025 was CNY 645,942,171.20, representing a 9.20% increase year-over-year, while year-to-date revenue reached CNY 2,036,199,952.22, up 22.86% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was CNY 1,149,590.21, a significant decrease of 94.94% year-over-year, with year-to-date net profit at CNY 139,068,189.51, an increase of 22.25%[5] - The basic and diluted earnings per share for Q3 2025 were both CNY 0.0015, down 94.90% from the same quarter last year[5] - The net profit for Q3 2025 was CNY 134,780,194.66, an increase of 19.3% compared to CNY 113,065,440.05 in the same period last year[37] - The total profit for the period was CNY 160,750,511.35, an increase of 29.3% from CNY 124,210,778.64 in the same quarter last year[37] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 5,584,971,110.18, a decrease of 1.16% from the end of the previous year[5] - Total liabilities decreased to ¥2,985,226,288.81 from ¥3,150,724,813.22, a decline of 5.2%[34] - The total equity attributable to shareholders increased by 4.58% year-over-year, reaching CNY 2,349,509,857.26[5] - The total equity attributable to shareholders rose to ¥2,349,509,857.26 from ¥2,246,607,845.93, an increase of 4.6%[35] Cash Flow - The company’s cash flow from operating activities for the year-to-date was CNY 364,247,585.56, reflecting a decrease of 4.04%[5] - Cash flow from financing activities decreased by 780,066,049.21 yuan, a decline of 42.28%, primarily due to reduced borrowing and repayment of more maturing debts[23] - Net cash increase in cash and cash equivalents decreased by 296,085,837.75 yuan, a decline of 130.21%, mainly due to reduced financing activities[24] - The net cash flow from operating activities was CNY 364,247,585.56, slightly down from CNY 379,581,732.41 in the previous year[39] - The cash and cash equivalents at the end of the period were CNY 519,657,637.46, a decrease from CNY 725,025,045.03 year-over-year[39] Expenses and Impairments - Research and development expenses increased by 51.10% year-over-year, amounting to CNY 28,951,969.12, as the company enhanced its competitiveness through increased investment[15] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which fell by 118.45% year-over-year to CNY -3,246,231.76 for Q3 2025[5] - Income tax expenses increased by 14,824,978.10 yuan, an increase of 133.02%, driven by improved overall performance and profit growth, particularly from subsidiary PharmaWay[17] - Cash paid for various taxes increased by 43,029,542.50 yuan, a rise of 99.93%, reflecting the company's sustained operational performance[19] - Credit impairment losses decreased by 2,086,965.35 yuan, a reduction of 58.41%, mainly due to intensified collection efforts resulting in recovery of long-overdue receivables[16] - Asset impairment losses decreased by 16,236,415.71 yuan, a decline of 93.64%, attributed to reduced provisions for inventory write-downs as prices rebounded and unit costs decreased[16] Stock and Shareholder Information - Total number of common shareholders at the end of the reporting period was 50,527[26] - The company approved the release of 4,826,000 restricted stocks, accounting for 0.63% of the total share capital of 771,634,398 shares[28] - The first release date for the restricted stocks under the 2023 incentive plan is set for July 21, 2025[29] - The company has approved 570,000 stock options for 22 eligible participants, representing 0.74% of the total share capital, with an exercise price of 2.84 yuan per share[30] Other Financial Metrics - Fair value gains increased by 134,289.65 yuan, a growth of 172.91% compared to the same period last year, primarily due to stock price recovery of other listed companies held by subsidiary Hangzhou Youben[16] - The company reported a net investment loss of ¥1,139,097.30 compared to a loss of ¥631,039.01 in the previous period[36] - The total operating revenue for the period reached ¥2,036,199,952.22, an increase of 22.9% compared to ¥1,657,273,697.64 in the previous period[36] - Total operating costs amounted to ¥1,893,954,187.39, up 23.7% from ¥1,530,578,504.10 in the prior period[36] - The company did not undergo an audit for the Q3 financial report[40]

Financial Performance - Operating revenue for Q3 2025 reached ¥126,277,596.17, an increase of 51.27% year-on-year[4] - Net profit attributable to shareholders was -¥24,941,613.06, a decrease of 43.64% compared to the same period last year[4] - Net profit excluding non-recurring items was -¥43,239,761.91, down 8.82% year-on-year[4] - The net profit from discontinued operations was 2,271.74 million, a significant increase of 8501.82% compared to the previous period, primarily due to the bankruptcy liquidation of Cheyin Intelligent[8] - The net loss for the current period was ¥104,503,754.83, compared to a net loss of ¥108,293,049.08 in the previous period, indicating an improvement[21] - The total comprehensive loss for the current period was ¥104,661,542.62, compared to a loss of ¥108,293,049.08 in the previous period, showing a slight improvement[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,332,176,294.58, a decrease of 6.65% from the previous year-end[4] - Shareholders' equity attributable to the parent company decreased by 46.98% to ¥114,539,273.51 compared to the previous year-end[4] - The total liabilities decreased from ¥1,973,090,203.83 to ¥1,884,065,620.29, reflecting a reduction of approximately 4.5%[19] - The company's long-term equity investments dropped significantly to RMB 82,435,371.89 from RMB 225,326,306.89, reflecting a decrease of approximately 63.41%[17] - The total liabilities increased, with current liabilities rising to RMB 343,193,077.17 from RMB 356,668,419.99, indicating a slight increase of about 1.73%[17] Cash Flow - Cash flow from operating activities was -¥85,499,147.69, reflecting a significant decline of 156.42%[4] - Cash inflows from operating activities totaled ¥312,233,320.52, an increase from ¥279,628,370.45 in the previous period[24] - Net cash outflow from operating activities amounted to -85,499,147.69, compared to -33,342,963.74 in the previous period, indicating a decline in operational cash flow[25] - Total cash inflow from investment activities was 44,161,770.10, down from 85,344,340.73, reflecting a decrease in investment returns[25] - Cash inflow from borrowings was 98,000,000.00, a substantial increase from 10,000,000.00, indicating enhanced financing capabilities[26] Investment and Expenses - Research and development expenses dropped by 96.01% to ¥6.68 million, primarily due to reduced expenses at a subsidiary[7] - The company reported a significant increase in investment income, rising to ¥36,035,915.68 from a loss of ¥3,229,168.10 in the previous period[21] - Total operating costs increased to ¥364,603,233.84, up 3.6% from ¥351,348,158.44 in the previous period, with operating costs specifically rising from ¥202,206,102.08 to ¥230,907,844.87[20] - The company reported a tax expense of 175.01 million, a decrease of 70.52% compared to the previous year, mainly due to higher tax expenses recognized by subsidiaries in the prior period[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 62,081, with no preferred shareholders with restored voting rights[10] - The largest shareholder, Guoguang Global Asset Management Co., Ltd., holds 7.12% of the shares, totaling 142,300,244 shares[10] - The second-largest shareholder, Qianhai Kaiyuan Fund, holds 6.14% of the shares, totaling 122,721,037 shares[10] Restructuring and Future Outlook - The company is currently undergoing a pre-restructuring process as per the court's decision, which may impact future financial performance and operational strategies[12] - The company has signed a pre-restructuring investment agreement with Hainan United Asset Management Co., Ltd., indicating potential strategic partnerships moving forward[12] - The company has emphasized the importance of monitoring ongoing restructuring developments and associated risks for investors[12] Cash Position - Cash and cash equivalents increased to RMB 139,722,611.97 from RMB 100,565,010.03, representing a growth of approximately 38.87%[16] - The ending balance of cash and cash equivalents reached 130,965,630.98, up from 83,322,268.27, reflecting a stronger cash position[26]

Financial Performance - The company's operating revenue for Q3 2025 was ¥319,080,140.77, a decrease of 35.51% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥46,704,577.44, representing a decline of 34.48% year-on-year[5]. - The net cash flow from operating activities was -¥85,106,035.74, a significant decrease of 578.82% compared to the previous year[5]. - The company reported a basic earnings per share of -¥0.0473, a decrease of 34.38% year-on-year[5]. - The company experienced a 23.68% decrease in total operating revenue year-to-date, primarily due to a reduction in sales volume and prices of titanium dioxide[8]. - Total operating revenue decreased to CNY 1,239,757,557.98 from CNY 1,624,394,349.23, representing a decline of approximately 23.7% year-over-year[19]. - Net loss for the period was CNY -233,218,225.12, compared to a net loss of CNY -54,747,442.79 in the previous period, indicating a significant increase in losses[19]. - The basic and diluted earnings per share were both CNY -0.2358, compared to CNY -0.0555 in the previous period[20]. Cash Flow - The company's cash flow from operating activities was CNY 758,112,198.47, down from CNY 929,785,768.44, reflecting a decrease of approximately 18.4%[22]. - The total cash flow from operating activities reflects a significant decrease, indicating potential challenges in revenue generation and cash management[22]. - The net cash flow from operating activities was -$85.1 million, a decrease from $17.8 million in the previous period[23]. - Cash outflow for operating activities totaled $864.4 million, slightly lower than $919.0 million in the previous period[23]. - The net cash flow from financing activities was -$103.5 million, worsening from -$42.2 million in the previous year[24]. - Cash inflow from financing activities was $607.6 million, an increase from $469.0 million last year[23]. - The company received $167.9 million from the disposal of subsidiaries and other business units[23]. - Cash outflow for investment activities was $144.0 million, compared to $167.2 million in the previous year[23]. - The company paid $696.4 million in debt repayments, up from $483.7 million last year[24]. - The impact of exchange rate changes on cash and cash equivalents was an increase of $1.5 million[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,477,445,845.33, down 16.18% from the end of the previous year[5]. - The company's total assets decreased from 2,955,573,106.43 RMB at the beginning of the period to 2,477,445,845.33 RMB at the end of the period, a reduction of approximately 16.1%[15]. - Current assets decreased from 800,445,946.99 RMB to 622,238,799.89 RMB, a decline of about 22.2%[15]. - The company’s cash and cash equivalents decreased from 169,291,210.85 RMB to 110,648,943.33 RMB, a drop of approximately 34.6%[15]. - The company’s inventory decreased from 154,316,157.63 RMB to 120,012,176.12 RMB, a reduction of about 22.2%[15]. - The company’s long-term equity investments decreased from 186,555,456.09 RMB to 141,042,672.95 RMB, a decline of approximately 24.4%[15]. - The company’s fixed assets increased slightly from 1,031,750,156.31 RMB to 1,050,686,931.38 RMB, an increase of about 1.8%[15]. - The total liabilities decreased to CNY 1,315,948,734.93 from CNY 1,558,981,502.04, a decline of about 15.6%[16]. - The total equity attributable to shareholders decreased to CNY 912,120,649.21 from CNY 1,146,649,604.67, a drop of approximately 20.5%[16]. Research and Development - The company's R&D expenses for the year-to-date were ¥39,083,739.38, down 35.60% compared to the same period last year[8]. - Research and development expenses decreased to CNY 39,083,739.38 from CNY 60,689,380.60, a reduction of about 35.5% year-over-year[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 70,850, with no preferred shareholders having restored voting rights[10]. - The largest shareholder, Jinpu Investment Holdings, holds 185,700,000 shares, representing 18.82% of total shares, with all shares pledged[10]. - The company completed the acquisition of a 50.9434% stake in Anhui Jinpu New Energy Technology Development Co., Ltd. from its wholly-owned subsidiary, Nanjing Titanium White Chemical Co., Ltd.[12]. Investment Income - The investment income for the year-to-date was -¥29,811,614.90, a decline of 126.80% year-on-year due to losses from the sale of a subsidiary[8]. - The company reported an investment loss of CNY -29,811,614.90, compared to a loss of CNY -13,144,570.16 in the previous period[19].

天齐锂业股份有限公司 2025 年第三季度报告 证券代码：002466 证券简称：天齐锂业 公告编号：2025-052 天齐锂业股份有限公司 2025 年第三季度报告 （一） 主要会计数据和财务指标 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 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 □是 否 1 天齐锂业股份有限公司 2025 年第三季度报告 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 2,564,587,551.93 | -29.66% | ...