Financial Performance - The company's operating revenue for the third quarter reached ¥98,803,260.80, representing an increase of 83.06% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥30,723,786.35, a decrease of 26.17% year-on-year[5]. - The net cash flow from operating activities was -¥125,199,695.17, showing an improvement of 40.45% compared to the previous year[12]. - Total operating revenue for the current period was ¥196,589,990.81, a decrease of 17.1% compared to ¥237,292,247.75 in the previous period[29]. - Total operating costs decreased to ¥267,843,262.42 from ¥336,539,365.22, representing a reduction of 20.5%[29]. - Net loss attributable to shareholders of the parent company was ¥88,426,516.65, compared to a loss of ¥116,594,365.64 in the previous period, indicating an improvement of 24.1%[30]. - The total comprehensive income attributable to the parent company was -88,426,516.65 CNY, compared to -116,594,365.64 CNY in the previous period, showing an improvement of approximately 24%[31]. - Basic and diluted earnings per share were both -0.02 CNY, compared to -0.03 CNY in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥998,623,635.13, reflecting a growth of 7.29% from the end of the previous year[5]. - Total assets increased to ¥998,623,635.13 from ¥930,751,092.09, reflecting a growth of 7.3%[28]. - Total liabilities rose to ¥720,230,814.51 from ¥563,998,276.83, an increase of 27.7%[28]. - Non-current liabilities totaled ¥311,372,659.40, slightly up from ¥304,753,414.10, showing a marginal increase of 2.0%[28]. - The total equity attributable to shareholders decreased to ¥263,656,288.40 from ¥351,015,433.80, a decline of 25.0%[28]. Cash Flow - Cash inflows from operating activities totaled 98,779,114.71 CNY, an increase from 91,692,627.96 CNY in the previous period, representing an increase of about 8%[31]. - Cash outflows from operating activities were 223,978,809.88 CNY, down from 301,937,805.40 CNY in the previous period, indicating a reduction of approximately 26%[31]. - The net cash flow from operating activities was -125,199,695.17 CNY, an improvement from -210,245,177.44 CNY in the previous period[31]. - Cash inflows from investing activities amounted to 3,320,000.00 CNY, significantly lower than 40,146,863.00 CNY in the previous period[32]. - Cash outflows from investing activities were 1,962,627.93 CNY, down from 5,780,228.50 CNY in the previous period, indicating a decrease of about 66%[32]. - The net cash flow from financing activities was 109,791,278.24 CNY, compared to 57,710,962.22 CNY in the previous period, showing an increase of approximately 90%[32]. - The ending cash and cash equivalents balance was 8,575,219.89 CNY, compared to 7,306,063.29 CNY in the previous period, reflecting an increase of about 17%[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 98,155[14]. - The largest shareholder, Beiyou Intelligent Technology (Changchun) Co., Ltd., holds 22.54% of shares, totaling 800,000,000 shares, which are frozen[14]. - The company’s chairman, Xu Mingzhe, completed a share buyback plan, acquiring 4,706,400 shares, representing 0.1326% of the total share capital, for a total amount of 10,000,090.00 RMB[17]. - The company repurchased 5,324,100 shares, accounting for 0.15% of the total share capital, with a total transaction amount of 5,496,545.00 RMB[18]. - The top ten shareholders do not have any reported changes in their financing and securities lending activities compared to the previous period[15]. - The company has not disclosed any related party transactions involving the top ten shareholders[15]. Loans and Financial Support - Indirect controlling shareholder, Jiangsu Bubugao, provided the company with a 20 million RMB interest-free loan for 12 months to support stable development[20]. - The company’s indirect controlling shareholder provided an additional 30 million RMB interest-free loan for 12 months to supplement working capital[20]. - As of the report date, Jiangsu Bubugao has cumulatively provided financial support of 70 million yuan to the listed company, all in the form of non-interest-bearing loans[21]. - Jiangsu Bubugao has provided a guarantee of up to 50 million yuan for its wholly-owned subsidiary, Jilin Liyuan Supply Chain Co., Ltd., with a validity period not exceeding 12 months[22]. Other Financial Matters - The company reported a significant increase in accounts receivable, which rose by 133% to ¥170,589,023.79 due to adjustments in customer structure[9]. - Short-term borrowings decreased by 100%, indicating no new borrowings during the reporting period[9]. - The company experienced a 95% increase in financial expenses, totaling ¥10,964,277.64, primarily due to increased interest expenses and exchange losses[11]. - The company recorded a 66484% increase in non-operating income, amounting to ¥1,898,440.84, due to the reversal of previously accrued liabilities[11]. - The company disclosed important matters in various financial publications, including announcements related to share repurchase and litigation progress[23][24]. - The third quarter financial report was not audited[33].

Financial Performance - The company's operating revenue for the third quarter was ¥2,431,462,871.94, a decrease of 10.19% compared to the same period last year[3] - The net profit attributable to shareholders was -¥598,192,530.33, representing a decline of 15.37% year-on-year[3] - The net cash flow from operating activities was -¥1,086,328,402.04, a significant decrease of 177.86% compared to the previous year[6] - The weighted average return on net assets was -32.91%, a decrease of 22.20% year-on-year[3] - The basic earnings per share were -¥0.2484, a decrease of 15.37% compared to the same period last year[3] - The company experienced a 38.89% improvement in net profit attributable to shareholders compared to the previous year, despite still reporting a loss[5] - Net profit for the period was ¥-1,176,995,413.93, compared to ¥-1,865,467,289.79 in the previous period, showing an improvement of about 37%[15] - The company reported a total comprehensive loss of ¥-1,180,962,161.50, compared to ¥-1,861,461,472.84 in the previous period, indicating a reduction in losses[15] - Basic and diluted earnings per share improved to ¥-0.4076 from ¥-0.6670[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥29,208,989,618.94, down 3.96% from the end of the previous year[3] - Total assets decreased to ¥29,208,989,618.94 from ¥30,412,763,900.34, reflecting a decline of 3.9%[12] - Total liabilities increased slightly to ¥28,269,430,600.61 from ¥28,178,112,216.55, indicating a growth of 0.3%[12] - Non-current assets decreased to ¥17,277,284,006.19 from ¥18,338,134,714.43, a decline of 5.8%[12] - Current liabilities totaled ¥18,161,453,338.49, down 4.6% from ¥19,033,045,421.09[12] - The company's equity attributable to shareholders decreased to ¥1,265,640,215.17 from ¥2,369,668,838.10, a drop of 46.4%[12] - The company reported a net loss in retained earnings of ¥2,778,888,106.59 compared to a loss of ¥1,797,506,898.08 in the previous period[12] Cash Flow - Cash and cash equivalents decreased from 4,115,767,247.73 yuan to 3,503,221,456.24 yuan[10] - Cash and cash equivalents at the end of the period decreased to ¥2,179,841,912.89 from ¥2,812,317,857.95, a drop of about 22.5%[18] - Operating cash flow net amount was ¥-1,086,328,402.04, worsening from ¥-390,967,445.57 year-over-year[17] - Investment activities generated a net cash flow of ¥266,169,773.17, compared to a negative cash flow of ¥-382,182,109.74 in the previous period[17] - Financing activities resulted in a net cash flow of ¥211,223,319.51, a significant recovery from a negative cash flow of ¥-2,088,444,824.07 last year[18] - The company received cash inflows from financing activities totaling ¥13,260,054,187.92, an increase from ¥10,682,881,769.97 in the previous period[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 146,741[7] - The largest shareholder, Panstone Run Chuang (Shenzhen) Information Management Co., Ltd., holds 21.76% of shares, totaling 524,022,432 shares[7] - The second-largest shareholder, CITIC Securities Brokerage (Hong Kong) Co., Ltd., holds 8.24% of shares, totaling 198,361,110 shares[7] - The company completed a share transfer agreement on April 29, 2025, making Panstone Run Chuang the controlling shareholder[8] - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[8] Investment and Income - The investment income increased by 693.14% to ¥420,436,927.63 due to changes in accounting treatment for equity in Wuhan Tianyuan Group[6] - The company received government subsidies totaling ¥10,513,878.19 during the reporting period, which is part of its non-operating income[4] - Trading financial assets increased significantly from 286,648,129.34 yuan to 1,007,227,650.79 yuan[10] - The company reported a significant increase in trading financial assets, rising by 251.38% to ¥1,007,227,650.79[5] Operating Costs - Total operating revenue for the current period is ¥7,678,970,721.21, a decrease of 5.4% from ¥8,119,982,481.56 in the previous period[14] - Total operating costs for the current period are ¥9,015,818,419.80, down 7.0% from ¥9,691,080,755.04 in the previous period[14] - Operating costs include ¥7,325,136,236.04 in operating expenses, which decreased by 5.6% from ¥7,757,457,269.64[14] Research and Development - R&D expenses decreased from ¥312,350,271.26 to ¥282,278,911.80, a reduction of approximately 9.4%[15]

Revenue and Profitability - Q3 2025 revenue reached ¥125,355,618.92, an increase of 2.53% year-over-year, while year-to-date revenue decreased by 6.10% to ¥336,158,117.79[5] - Net profit attributable to shareholders was ¥18,827,066.51, down 26.88% year-over-year, and year-to-date net profit decreased by 42.15% to ¥47,489,980.88[5] - Basic and diluted earnings per share were both ¥0.18, reflecting a decline of 45.45% compared to the same period last year[5] - Total operating revenue for the third quarter was CNY 336,158,117.79, a decrease of 6.5% compared to CNY 357,979,324.66 in the previous period[35] - Net profit for the quarter was CNY 47,250,851.12, down 42.4% from CNY 82,098,449.94 year-over-year[36] - Basic and diluted earnings per share decreased to CNY 0.46 from CNY 1.05 in the same quarter last year[37] Assets and Liabilities - Total assets increased by 7.53% from the end of the previous year to ¥1,159,108,088.71[5] - Total assets increased to CNY 1,159,108,088.71, up from CNY 1,077,931,945.42 in the previous period[33] - Non-current assets totaled CNY 320,788,628.27, significantly higher than CNY 224,566,204.39 in the prior period[33] - Total liabilities rose to CNY 193,323,266.25, compared to CNY 128,161,367.06 in the previous period[33] - The company's equity attributable to shareholders increased to CNY 965,198,952.22 from CNY 949,770,578.36 year-over-year[33] Cash Flow - Cash flow from operating activities decreased by 65.32% year-to-date, totaling ¥24,893,392.91[5] - Operating cash inflow for the current period was CNY 314,590,275.17, an increase from CNY 292,413,231.84 in the previous period, representing a growth of approximately 7.5%[38] - Net cash flow from operating activities decreased to CNY 24,893,392.91 from CNY 71,775,814.65, a decline of about 65.3%[39] - Cash inflow from investment activities surged to CNY 1,105,245,953.17, compared to CNY 94,654,283.88 in the previous period, marking an increase of approximately 1,066.5%[39] - Net cash flow from investment activities was negative at CNY -332,491,723.26, worsening from CNY -61,643,038.48 in the previous period[39] - Cash inflow from financing activities increased to CNY 51,116,600.00 from CNY 30,000,000.00, a rise of about 70.4%[39] - Net cash flow from financing activities improved to CNY 12,132,225.01 from CNY -1,582,210.12, indicating a positive turnaround[39] - The ending balance of cash and cash equivalents decreased to CNY 197,909,466.76 from CNY 61,034,195.68, reflecting a decline of approximately 67.6%[39] - The company received CNY 9,117,051.89 in tax refunds during the current period, contributing to operating cash inflow[38] - Total cash outflow from operating activities was CNY 289,696,882.26, up from CNY 220,637,417.19, an increase of about 31.2%[39] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,560[26] - The largest shareholder, Guo Zhenrong, holds 19.47% of shares, totaling 20,248,996 shares[26] - The total number of restricted shares held by Guo Zhenrong increased to 20,248,996 shares, with a release date set for December 20, 2027[28] - The company has a total of 78,000,000 restricted shares at the end of the reporting period[29] - The top ten shareholders include both individual and institutional investors, with the largest institutional investor holding 7.57%[26] - The company has not reported any changes in the participation of major shareholders in margin trading activities[27] Expenses - Sales expenses rose by 44.57% year-over-year, primarily due to increased sample and promotional costs[19] - Management expenses increased by 34.15% year-over-year, mainly due to higher fees for intermediary and consulting services[20] - Research and development expenses were CNY 15,963,082.94, slightly up from CNY 15,617,182.56 in the previous period[35] Other Financial Metrics - Investment income saw a substantial increase year-over-year, driven by higher returns from bank wealth management products[22] - The company experienced a 49.29% reduction in income tax expenses year-over-year, linked to a decrease in total profit[24] - The company reported a decrease in other comprehensive income, with a net amount of CNY -61,607.02 compared to CNY 126.90 in the previous period[36] Audit Information - The company did not conduct an audit for the third quarter financial report[40]

大连达利凯普科技股份公司 2025 年第三季度报告 证券代码：301566 证券简称：达利凯普 公告编号：2025-059 大连达利凯普科技股份公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 大连达利凯普科技股份公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 90,539,427.54 | 8.23% | 285,58 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥115,981,371.92, a decrease of 7.72% compared to the same period last year, while the year-to-date revenue reached ¥906,108,299.32, an increase of 131.80%[5] - The net profit attributable to shareholders for Q3 2025 was -¥19,387,657.70, representing a 13.67% increase year-on-year, while the year-to-date net profit was ¥22,871,481.59, up 136.88%[5] - The company's basic earnings per share for Q3 2025 was -¥0.0393, a 13.82% increase year-on-year, while the diluted earnings per share was -¥0.0391, up 14.25%[5] - Total operating revenue for the current period reached ¥906,108,299.32, a significant increase from ¥390,902,244.84 in the previous period, representing a growth of approximately 132.9%[27] - The company reported a net loss of ¥114,934,050.35, an improvement from a loss of ¥137,805,531.94 in the previous period[25] - Total profit for the current period reached ¥40,809,178.18, a significant recovery from a loss of ¥73,965,411.51 in the previous period[28] - Net profit for the current period was ¥29,972,027.77, compared to a net loss of ¥54,563,992.07 in the previous period, indicating a turnaround in profitability[28] - Basic earnings per share for the current period was ¥0.0464, compared to a loss per share of ¥0.1258 in the previous period[28] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥124,959,941.60, a significant decline of 439.81% compared to the previous year[11] - The company's cash and cash equivalents decreased to ¥340,748,390.81 from ¥653,682,566.44, reflecting a decline of approximately 47.9%[23] - Total current assets decreased to ¥1,161,007,805.77 from ¥1,794,039,010.89, a reduction of about 35.3%[24] - The ending cash and cash equivalents balance was ¥307,553,483.63, down from ¥489,626,806.04 in the previous period[31] - The company reported a total operating cash outflow of ¥1,521,098,203.29, compared to ¥1,678,553,471.83 in the previous period, indicating a reduction in cash outflow[30] Liabilities and Equity - The company's total assets at the end of the reporting period were ¥2,430,772,438.50, down 22.19% from the end of the previous year[5] - The company's total liabilities decreased by 22.19% compared to the previous year, indicating a potential reduction in financial leverage[5] - Total liabilities decreased to ¥1,073,022,310.93 from ¥1,779,206,498.23, showing a decline of approximately 39.5%[25] - The company's total assets decreased to ¥2,430,772,438.50 from ¥3,123,965,114.82, representing a decrease of about 22.2%[25] Research and Development - The company's research and development expenses for the year-to-date period were ¥29,654,264.15, an increase of 53.55% compared to the previous year, indicating a focus on enhancing technological capabilities[10] - Research and development expenses for the current period were ¥29,654,264.15, up from ¥19,312,603.15 in the previous period, marking an increase of about 53.7%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 139,721[13] - The largest shareholder, Hong Kong Central Clearing, holds 1.14% of shares, totaling 5,668,970 shares[13] - The total number of shares held by the top 10 shareholders is significant, with the top shareholder holding over 5 million shares[14] Contracts and Agreements - The company signed a contract with Beijing Jingneng for the construction of a smart computing center with a total transaction amount of RMB 999,682,000[15] - The smart computing center will have a computing power of 1024 PFLOPS, with the contract to be completed by July 2024[15] - The contract amount was revised to RMB 645,633,348.52, with a penalty and compensation totaling RMB 41,080,083.01[16] - As of June 30, 2025, the debt offset agreement with Beijing Jingneng has not been fully executed[17] - The company has entered into a cooperation agreement to establish the Beijing AI Innovation Empowerment Center, effective until August 9, 2025, to enhance its capabilities in artificial intelligence projects[21] Board of Directors - The company held its third extraordinary general meeting on September 15, 2025, to elect the seventh board of directors[18] - The seventh board consists of 7 directors, including 3 non-independent directors and 4 independent directors[19] Investments - The company's long-term equity investments increased by 47.77% year-to-date, reflecting new external investments[10] - Long-term equity investments increased to ¥137,279,442.18 from ¥92,899,468.51, indicating a growth of approximately 47.7%[24] - The company's cash flow from investing activities for the year-to-date period was -¥116,105,600.71, a 35.22% increase in outflows compared to the previous year, reflecting increased external investments[11]

Revenue and Profit - Revenue for the third quarter reached ¥817,716,607.36, an increase of 48.46% compared to the same period last year[4]. - Total profit for the quarter was ¥8,207,974.27, a decrease of 30.67% year-over-year[10]. - Net profit attributable to shareholders was ¥8,180,360.64, down 29.39% from the previous year[10]. - The company reported a basic earnings per share of ¥0.01, a decline of 33.33% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥2,143,970,302.42, a 32.4% increase from ¥1,618,954,186.63 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was ¥24,515,523.48, down 33.2% from ¥36,716,639.43 in the previous year[21]. - Operating profit for the first three quarters of 2025 was ¥31,457,943.87, a decrease of 28.4% compared to ¥43,943,789.30 in the same period of 2024[20]. - The company reported a decrease in comprehensive income to ¥24,467,114.36 in 2025 from ¥36,672,509.51 in 2024, a decline of 33.2%[21]. - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.02, down from ¥0.03 in the same period of 2024[22]. Assets and Liabilities - Total assets increased by 12.67% to ¥5,188,723,718.99 compared to the end of the previous year[5]. - Total assets as of September 30, 2025, reached RMB 5,188,723,718.99, an increase from RMB 4,605,197,992.72 as of December 31, 2024, reflecting a growth of approximately 12.67%[15]. - Current assets amounted to RMB 3,014,477,773.73, up from RMB 2,640,580,971.97, indicating an increase of about 14.19%[15]. - Total liabilities as of September 30, 2025, were RMB 1,438,937,724.25, compared to RMB 916,857,865.41, reflecting a growth of about 56.83%[16]. - Total liabilities increased to ¥1,744,206,670.80 in 2025 from ¥1,162,466,488.71 in 2024, reflecting a growth of 50.1%[17]. - Total equity attributable to shareholders reached ¥3,444,517,048.19, slightly up from ¥3,442,731,504.01 in the previous year[17]. - The company’s short-term borrowings increased to RMB 12,320,091.04 from RMB 7,099,773.18, which is an increase of approximately 73.66%[16]. - The total non-current liabilities increased to ¥305,268,946.55 in 2025 from ¥245,608,623.30 in 2024, marking a rise of 24.2%[17]. Cash Flow and Investments - Cash flow from operating activities showed a significant decline of 39.03% year-to-date, attributed to increased raw material procurement expenses[10]. - Cash flow from operating activities generated ¥72,116,965.79 in the first three quarters of 2025, down 39.0% from ¥118,287,871.45 in 2024[23]. - The net cash flow from investment activities was -632,201,654.91, compared to -283,458,181.16 in the previous period, indicating a decline in investment performance[24]. - Cash inflow from financing activities totaled 367,135,543.22, an increase from 248,533,481.16 in the prior period, reflecting improved financing efforts[24]. - The net cash flow from financing activities was -23,669,579.87, a slight improvement from -161,585,822.99 in the previous period, suggesting better cash management[24]. - The total cash and cash equivalents at the end of the period decreased to 507,706,614.46 from 1,186,852,850.21, indicating a significant reduction in liquidity[24]. - Cash outflow for investment activities was 3,340,590,960.57, slightly higher than 3,334,232,619.88 in the previous period, showing consistent investment levels[24]. - Cash outflow for financing activities was 390,805,123.09, compared to 410,119,304.15 in the prior period, indicating a reduction in financing costs[24]. - The cash inflow from investment activities was 2,708,389,305.66, down from 3,050,774,438.72, reflecting a decrease in investment returns[24]. - The cash flow impact from foreign exchange fluctuations was -257,413.92, slightly better than -307,159.37 in the previous period, indicating improved currency stability[24]. - The company received 185,753,050.34 in cash from borrowings, an increase from 114,502,561.51, highlighting enhanced borrowing capacity[24]. - The company reported a cash outflow of 2,824,000,000.00 related to other investment activities, which was marginally lower than 2,856,806,805.13 in the previous period, indicating stable investment commitments[24]. Operational Highlights - The increase in revenue was primarily driven by the commencement of operations at the Zhuhai Hongchang Phase II project[9]. - Accounts receivable rose by 45.69% due to increased sales from the Zhuhai Hongchang Phase II project[10]. - Inventory levels increased by 114.94%, reflecting the production ramp-up at the Zhuhai Hongchang Phase II project[10]. - The company experienced a 100% decrease in long-term deferred expenses as the RTO furnace modification costs were fully amortized[10]. - The company reported a significant increase in accounts payable, which rose to RMB 241,215,682.20 from RMB 137,941,778.99, indicating an increase of approximately 75.00%[16]. - Research and development expenses for the first three quarters of 2025 were ¥38,612,008.27, an increase of 13.5% from ¥34,158,732.56 in the same period of 2024[20]. Shareholder Information - The company’s major shareholders include Guangzhou Hongren Electronics Industry Co., Ltd. with a 22.61% stake and EPOXY BASE INVESTMENT HOLDING LTD. with a 22.37% stake[12]. - The company has renewed its joint action agreement with its actual controllers, ensuring stable control until December 31, 2030[14].

Financial Performance - Revenue for Q3 2025 was CNY 268,707,273.81, a decrease of 7.03% compared to the same period last year[4] - Total profit for Q3 2025 was CNY 33,397,497.94, down 48.04% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 25,474,648.33, a decline of 45.53% compared to the previous year[4] - Basic earnings per share for Q3 2025 was CNY 0.0602, a decrease of 45.53% year-on-year[4] - Net profit for the first three quarters of 2025 was ¥63,855,071.41, a decrease of 52.2% from ¥133,384,339.18 in the previous year[19] - Operating profit decreased to ¥82,645,118.21, down 54.0% from ¥179,559,519.79 in the same period last year[17] - Basic earnings per share for the first three quarters of 2025 were ¥0.14476, down from ¥0.30675 in the same period of 2024[19] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 3,778,528,165.48, an increase of 1.70% from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥730,910,193.63, an increase from ¥695,467,752.18 as of December 31, 2024[14] - Total non-current assets as of September 30, 2025, were ¥3,047,617,971.85, slightly up from ¥3,019,768,707.03[15] - Total liabilities increased to ¥1,685,901,083.31 from ¥1,601,552,543.49 year-over-year[15] - The company reported a total liability of ¥1,956,388,767.69, an increase of 3.6% from ¥1,888,624,494.27 year-over-year[16] - The total equity attributable to shareholders of the parent company was ¥1,772,242,004.70, a slight decrease from ¥1,776,354,257.45 in the previous year[16] Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 140,407,146.95, down 45.68% compared to the previous year[4] - The net cash flow from operating activities was ¥140,407,146.95, a decline of 45.6% compared to ¥258,469,957.17 in the first three quarters of 2024[22] - The net cash flow from investing activities was -$217.94 million, a decrease from -$338.69 million year-over-year[23] - Cash inflow from financing activities totaled $491.57 million, compared to $281.30 million in the previous period, indicating a significant increase[23] - The net cash flow from financing activities was $65.27 million, a turnaround from a negative $29.85 million in the prior year[23] - The ending cash and cash equivalents balance was $69.41 million, up from $36.01 million year-over-year[23] - The company experienced a net decrease in cash and cash equivalents of -$12.35 million, an improvement from -$110.43 million in the previous period[23] Costs and Expenses - Total operating costs increased to ¥745,174,337.73, up 9.7% from ¥679,255,061.59 year-over-year[17] - Research and development expenses increased to ¥2,424,544.87, up 54.7% from ¥1,567,951.03 in the same period last year[17] - The company reported a tax expense of ¥16,819,114.37, significantly lower than ¥44,755,242.30 in the previous year[17] - Cash outflow for debt repayment was $319.80 million, an increase from $204.39 million year-over-year[23] - Cash paid for dividends and interest was $82.61 million, down from $100.51 million in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period was 13,456[11] - The largest shareholder, United Water (Asia) Limited, holds 282,680,929 shares, representing 66.79% of total shares[11] Business Operations - The decline in profits was attributed to reduced contributions from the water supply and related business segments, particularly in installation engineering[9] - The company experienced increased costs due to upgrades in certain wastewater projects during the reporting period[9] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the provided content[12]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,314,364,013.28, representing a year-on-year increase of 6.01%[4] - The total profit for the period was ¥202,457,403.18, reflecting a significant increase of 28.34% compared to the same period last year[4] - The net profit attributable to shareholders was ¥167,832,879.99, showing a slight decrease of 2.48% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥3,796,343,026.93, an increase of 14.05% compared to ¥3,329,707,876.15 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥515,163,479.41, representing a growth of 32.1% compared to ¥390,181,835.43 in the previous year[20] - Net profit for the first three quarters of 2025 was ¥515,629,256.65, an increase of 22.7% from ¥420,120,088.25 in the same period of 2024[21] - Basic earnings per share for the first three quarters of 2025 was ¥0.19, up from ¥0.16 in the previous year[22] Assets and Liabilities - The total assets of the company increased to ¥11,641,366,136.97, marking a growth of 16.96% from the end of the previous year[5] - Total assets increased to ¥11,641,366,136.97, compared to ¥9,952,915,308.70 at the end of the previous year, reflecting a growth of 16.93%[17] - Total liabilities decreased to ¥2,849,764,388.09 from ¥4,038,192,108.59, a reduction of 29.4%[17] - Shareholders' equity increased to ¥8,791,601,748.88, up from ¥5,914,723,200.11, marking a growth of 48.4%[17] Cash Flow - The net cash flow from operating activities for the period was -¥3,301,600.40, a decline of 101.07% compared to the same period last year[4][10] - Cash flow from operating activities for the first three quarters of 2025 was negative at -523,749,142.95, compared to a positive cash flow of 765,515,026.87 in the same period of 2024, indicating a significant decline[25] - Total cash inflow from operating activities decreased to 3,627,707,377.16 in 2025 from 4,467,412,184.08 in 2024, representing a drop of approximately 18.8%[25] - Cash outflow from operating activities increased to 4,151,456,520.11 in 2025, up from 3,701,897,157.21 in 2024, marking an increase of about 12.1%[25] - Cash flow from investing activities showed a net outflow of -118,726,229.58 in 2025, compared to a net inflow of 233,846,377.75 in 2024, indicating a reversal in investment cash flow[26] - Cash inflow from financing activities increased significantly to 2,952,770,345.30 in 2025, compared to 888,599,837.65 in 2024, reflecting a growth of approximately 233%[26] - Net cash flow from financing activities also improved to 1,408,222,365.54 in 2025, up from 437,561,929.66 in 2024, an increase of about 221%[26] - The ending cash and cash equivalents balance for 2025 was 3,470,950,728.88, compared to 2,861,860,480.73 in 2024, representing an increase of approximately 21.3%[26] Research and Development - Research and development expenses totaled ¥182,771,093.88, accounting for 13.91% of operating revenue, a decrease of 0.84 percentage points compared to the previous year[5] - Research and development expenses for the first three quarters of 2025 were ¥549,579,944.07, slightly up from ¥526,430,998.47 in the previous year[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 40,743[12] - The largest shareholder, Beijing Yitang Shenglong Semiconductor Industry Investment Center, holds 40.55% of shares[12] - The top 10 shareholders include various entities, with the highest individual holding being 1,870,000 shares by Qian Guofei[13] - The company has no significant changes in the shareholding structure due to securities lending activities[13] Strategic Focus - The company is focusing on expanding its market share through core technology advantages and continuous product development[9] - The company is focused on expanding its market presence and developing new technologies[14] - No significant reminders or additional important information regarding the company's operational situation were noted for the reporting period[14] Other Income - The company recognized government subsidies amounting to ¥9,244,445.06, which contributed to the increase in total profit[9][10] - The company reported a significant increase in other income to ¥96,537,618.46, compared to ¥13,437,382.39 in the same period last year[20] Inventory and Current Assets - Total current assets rose to ¥8,334,478,530.23, up from ¥7,212,150,766.87, indicating an increase of about 15.6%[15] - Inventory increased to ¥3,690,414,621.53 from ¥3,497,470,446.24, reflecting a growth of approximately 5.5%[15] - Long-term receivables increased to ¥7,737,173.05 from ¥6,224,519.47, showing an increase of about 24.3%[15] Return on Equity - The weighted average return on equity decreased by 0.17 percentage points to 1.93%[5]

A 股简称：招商银行 A 股代码：600036 公告编号：2025-053 招商银行股份有限公司 CHINAMERCHANTSBANKCO.,LTD. 二○二五年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 1 重要提示 本公司董事会、监事会及董事、监事、高级管理人员保证本报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 本公司董事长缪建民，行长兼首席执行官王良，副行长、财务负责人和董事会秘书彭家文及会计机构负 责人孙智华声明：保证本报告中财务信息的真实、准确、完整。 本公司董事会审计委员会已审阅本报告并同意将本报告提交本公司董事会审议。本公司第十三届董事会 第六次会议和第十二届监事会第四十五次会议分别审议并全票通过了本公司2025年第三季度报告。 本报告中的财务报表按中国会计准则编制且未经审计，本公司按国际财务报告会计准则编制且未经审计 的季报详见香港交易及结算所有限公司网站。本报告中金额币种除特别说明外，均以人民币列示。 本报告中"招商银行""本公司""本行 ...

Financial Performance - Total operating revenue for Q3 2025 was ¥75,885,292.23, a decrease of 26.65% compared to the same period last year[3]. - Net profit attributable to shareholders was -¥14,834,873.03, with a year-to-date total of -¥62,946,369.33, indicating significant losses[3]. - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[18]. - Net profit for the first three quarters of 2025 was a loss of CNY 67,771,707.58, compared to a loss of CNY 78,310,026.62 in the same period of 2024, indicating an improvement of about 13.5%[20]. - The total comprehensive income for the first three quarters of 2025 was a loss of CNY 67,771,707.58, compared to a loss of CNY 78,310,026.62 in the same period of 2024, showing an improvement of approximately 13.5%[20]. Assets and Liabilities - Total assets decreased by 6.73% from the end of the previous year, totaling ¥3,208,030,981.93[4]. - Total assets decreased to RMB 3,208,030,981.93 from RMB 3,439,673,885.93, a decline of 6.7%[16]. - Total liabilities decreased to RMB 1,880,339,943.24 from RMB 2,002,933,708.71, reflecting a reduction of 6.1%[16]. - The company's equity attributable to shareholders decreased to RMB 1,240,815,617.24 from RMB 1,305,713,712.32, a decline of 4.9%[16]. Cash Flow and Investments - Cash flow from operating activities was not applicable for the current period, with a year-to-date total of -¥115,142,836.02[3]. - Operating cash flow for the first three quarters of 2025 was negative CNY 115,142,836.02, an improvement from negative CNY 231,704,104.29 in the same period of 2024[23]. - Total financing cash flow for the first three quarters of 2025 was negative CNY 14,895,519.42, compared to negative CNY 5,501,989.21 in the same period of 2024[24]. - The company incurred a net loss from investment activities of CNY 23,190,862.75 in the first three quarters of 2025, compared to a loss of CNY 22,226,198.00 in the same period of 2024[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,465[10]. - The largest shareholder, China Metallurgical Geology Bureau, holds 50.03% of the shares, totaling 385,207,800 shares[10]. Research and Development - Research and development expenses amounted to ¥11,491,650.80, representing 15.14% of operating revenue, an increase of 1.45 percentage points from the previous year[4]. - Research and development expenses for the first three quarters of 2025 were CNY 35,714,476.97, down from CNY 40,679,494.62 in the same period of 2024, a decrease of about 12.1%[19]. Inventory and Receivables - Accounts receivable amounted to RMB 548,568,428.88, down from RMB 602,331,180.33, indicating a reduction of 8.9%[14]. - Inventory increased significantly to RMB 42,574,636.23 from RMB 8,453,418.52, representing a growth of 404.5%[14]. Future Outlook - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[18].