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].

浙江中力机械股份有限公司 2025 年第三季度报告 证券代码：603194 证券简称：中力股份 浙江中力机械股份有限公司 2025 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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 1,812,432,545.95 | 7.54 | ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥155,289,622.14, a decrease of 0.62% compared to the same period last year[4]. - The total profit for the period was -¥19,482,205.63, with a year-to-date total profit of -¥72,734,157.71[4]. - The net profit attributable to shareholders was -¥21,118,927.73 for the quarter, and -¥73,824,226.82 year-to-date[4]. - Total operating revenue for the first three quarters of 2025 was CNY 537,184,587.77, a decrease of 29.5% compared to CNY 761,048,832.82 in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was a loss of CNY 73,824,226.82, compared to a loss of CNY 13,981,537.23 in the same period of 2024[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.37, compared to CNY -0.07 in the previous year[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥220,569,008.85, representing a decrease of 203.78%[5]. - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 358,599,414.05, a decline of 65.9% from CNY 1,052,048,538.14 in the same period of 2024[25]. - Total cash inflow from operating activities was 367,932,245.41, against cash outflow of 588,501,254.26, resulting in a net cash flow from operations of -220,569,008.85[26]. - The net increase in cash and cash equivalents was -216,439,444.55, compared to -8,861,166.38 in the previous period[27]. - Cash paid for employee compensation was 53,720,632.06, reflecting a decrease from 72,999,727.48 in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,868,450,239.28, a decrease of 2.13% from the previous year[5]. - Total liabilities increased to CNY 213,232,041.38 from CNY 188,675,343.63 in the previous period[18]. - Total non-current assets were CNY 782,930,478.88, down from CNY 835,930,452.17[17]. - Total equity attributable to shareholders decreased to CNY 2,655,218,197.90 from CNY 2,742,264,552.51[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,155[11]. - The largest shareholder, Yan Hongjia, holds 25.34% of the shares, totaling 51,000,000 shares[11]. - The company reported that the top 10 shareholders hold a total of 51,000,000 shares, with the largest shareholder being Yan Hongjia[13]. Research and Development - Research and development expenses totaled ¥8,829,041.69 for the quarter, a decrease of 12.23% year-over-year, accounting for 5.69% of operating revenue[4][5]. Operational Developments - The company experienced a significant decline in gross profit margin due to a drop in product sales prices exceeding the cost reduction[9]. - The construction of the first phase of the Hefei project, with an annual production capacity of 200 million square meters of film, has been completed, but equipment installation has not yet commenced[14]. - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[14]. Accounting Changes - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[28].

Financial Performance - The company's operating revenue for the third quarter reached ¥66,141,606.42, representing a year-on-year increase of 224.84%[3] - The total profit for the period was -¥20,760,430.06, showing a year-on-year increase of 23.58%[3] - The net profit attributable to shareholders was -¥15,552,391.62, with a year-on-year increase of 19.38%[3] - The net profit after deducting non-recurring gains and losses was -¥16,786,001.63, reflecting a year-on-year increase of 14.64%[3] - The basic earnings per share for the period was -¥0.05, with a year-to-date increase of 164.71%[4] - The company reported a basic and diluted earnings per share of CNY 0.11 for the first three quarters of 2025, compared to a loss per share of CNY -0.17 in the same period of 2024[18] Research and Development - Research and development expenses totaled ¥17,265,844.66, a decrease of 35.12% compared to the same period last year[4] - The ratio of R&D expenses to operating revenue was 26.10%, a decrease of 104.60 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 65,228,056.23, down from CNY 73,420,258.45 in the same period of 2024, indicating a reduction of about 11.1%[17] Assets and Liabilities - Total assets at the end of the period were ¥3,183,307,313.93, a decrease of 2.14% from the end of the previous year[4] - The total assets decreased from CNY 3,252,781,020.01 in the previous period to CNY 3,183,307,313.93, reflecting a reduction of about 2.13%[15] - The total liabilities decreased from CNY 695,583,907.40 to CNY 590,410,030.33, a decline of approximately 15.1%[15] - The company’s total liabilities to total assets ratio improved from approximately 21.4% to 18.5%, indicating a stronger financial position[15] Shareholder Information - Total shareholders at the end of the reporting period reached 13,479[11] - The largest shareholder, Beijing Radio Measurement Research Institute, holds 32.49% of shares, totaling 109,556,910 shares[11] - The second-largest shareholder, Jingzhou Gucheng State-owned Investment Co., holds 29.08% of shares, totaling 98,059,301 shares[11] Cash Flow - Cash and cash equivalents as of September 30, 2025, amounted to ¥1,430,505,138.39, a decrease from ¥1,690,026,157.05 at the end of 2024[13] - The cash flow from operating activities showed a net outflow of CNY 191,145,828.74 in 2025, an improvement compared to the outflow of CNY 243,952,762.55 in 2024[20] - The cash inflow from investment activities was CNY 834,464,285.38, while the cash outflow was CNY 1,046,122,405.94, resulting in a net cash outflow of CNY 211,658,120.56 for the first three quarters of 2025[20] - Cash and cash equivalents decreased by $404.92 million, ending with a balance of $231.99 million[21] - The net cash outflow from financing activities totaled $2.11 million, resulting in a net cash flow from financing activities of -$2.11 million[21] - The initial cash and cash equivalents balance was $636.91 million, indicating a significant reduction in liquidity[21] Operational Updates - The company reported no significant new strategies or product developments during the period[12] - There are no reminders for investors regarding the company's operational situation during the reporting period[13] - The financial statements are unaudited as of September 30, 2025[13]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,642,079,208.61, representing a year-on-year increase of 20.21%[4] - The total profit for the quarter was ¥196,422,876.55, reflecting a growth of 7.00% compared to the same period last year[4] - The net profit attributable to shareholders was ¥188,809,877.95, which is an increase of 24.21% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥174,566,432.78, up by 31.89% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥4,447,166,565.30, an increase of 19.4% compared to ¥3,725,371,603.79 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥525,981,680.99, representing a slight increase from ¥507,397,694.12 in 2024[22] - Earnings per share for the first three quarters of 2025 were ¥0.27, compared to ¥0.25 in the same period of 2024[22] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥2,361,519,998.96, showing an increase of 38.10%[5] - The net cash inflow from operating activities was CNY 2,361,519,998.96, an increase from CNY 1,710,046,694.02 in the previous period, representing a growth of approximately 38%[25] - Cash received from sales of goods and services in the first three quarters of 2025 was ¥4,335,273,036.43, an increase from ¥3,198,521,379.30 in 2024[24] - The company reported a cash inflow of CNY 111,820,925.82 from other operating activities, significantly higher than CNY 82,692,080.99 previously[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥26,419,552,284.49, marking a 13.37% increase from the end of the previous year[5] - Total assets increased to ¥26,419,552,284.49 from ¥23,303,813,611.68 year-over-year[16] - Total liabilities increased to ¥7,967,418,106.84 from ¥7,021,778,111.58 year-over-year[16] - Total liabilities as of the end of the reporting period were ¥19,730,804,311.29, up from ¥16,999,017,189.42 in the previous year[17] - Long-term borrowings rose to ¥2,254,025,493.44 from ¥1,214,580,000.00 compared to the previous year[16] - The company reported a significant increase in fixed assets, which rose to ¥6,591,746,476.61 from ¥4,993,657,940.38 year-over-year[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 214,812[12] - The largest shareholder, Hainan Haikong Industrial Investment Co., Ltd., holds 275,134,136 shares, representing 13.78% of total shares[12] - Total equity attributable to shareholders reached ¥6,531,858,533.46, an increase from ¥6,143,882,664.95 in 2024[17] - The company has no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[13] Financial Expenses and Income - The company reported a financial expense of ¥530,928,621.43 for the first three quarters of 2025, compared to ¥444,373,128.69 in 2024[21] - The company recorded an investment income of ¥1,601,288.76, down from ¥9,818,541.46 in the same period of 2024[21] - Deferred income tax liabilities increased to ¥88,706,165.79 from ¥41,236,553.14 in the previous year[17] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥705,296,730.01 from ¥179,757,593.70 year-over-year[15] - Cash and cash equivalents at the end of the period totaled CNY 687,304,812.57, up from CNY 302,150,488.53, reflecting an increase of approximately 128%[26] - The company received CNY 130,803,905.00 in cash from investment income, compared to no income in the previous period[25] Operational Insights - The increase in operating cash flow is primarily due to the growth in the rental business of aerial work platforms, leading to a significant rise in revenue and improved cash collection[10] - There are no applicable reminders for investors regarding the company's operational situation during the reporting period[14] - The company has delivered a total of ¥500 million in computing assets by the end of the reporting period[9]

Financial Performance - The company's operating revenue for Q3 2025 was ¥714,234,532.02, a decrease of 3.97% compared to the same period last year[3]. - The total profit for the period was ¥47,397,433.65, reflecting an increase of 3.85% year-on-year[3]. - The net profit attributable to shareholders was ¥50,178,950.53, up 15.17% from the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥46,086,418.55, representing a 23.19% increase year-on-year[3]. - The basic earnings per share for the period was ¥0.15, an increase of 15.38% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2025 reached ¥2,247,585,271.74, a slight increase of 2.5% compared to ¥2,199,975,605.81 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was ¥102,775,072.71, representing a significant increase of 13.2% from ¥90,757,455.62 in the previous year[20]. - The profit attributable to shareholders of the parent company was ¥108,097,584.54, compared to ¥94,754,005.36 in the same period last year, marking a growth of 14.0%[20]. - Basic and diluted earnings per share for the period were both ¥0.32, up from ¥0.28 in the previous year[20]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥7,829,329,980.37, an increase of 11.13% from the end of the previous year[4]. - Total current assets as of September 30, 2025, amount to ¥6,222,360,342.81, an increase from ¥5,631,443,870.00 at the end of 2024[13]. - Total assets increased to ¥7,829,329,980.37 from ¥7,045,471,402.41 year-over-year[14]. - Total liabilities increased to ¥4,494,058,644.88 from ¥3,840,888,804.35 year-over-year[14]. - Total liabilities increased to ¥4,624,062,103.43 from ¥3,895,607,556.81, indicating a rise of 18.7%[19]. - Total equity attributable to shareholders of the parent company reached ¥3,202,292,507.17, compared to ¥3,146,815,238.21, reflecting an increase of 1.8%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥145,287,369.06, a significant improvement from a negative cash flow in the same period last year[8]. - The net cash flow from operating activities for the first three quarters of 2025 was ¥145,287,369.06, a significant improvement compared to a net outflow of ¥331,791,868.44 in the same period of 2024[23]. - Total cash inflow from operating activities increased to ¥2,285,014,630.49 in 2025, up from ¥1,784,858,963.56 in 2024, representing a growth of approximately 28.0%[23]. - Cash outflow from investing activities decreased to ¥1,085,305,589.45 in 2025 from ¥1,813,501,405.38 in 2024, indicating a reduction of about 40.2%[24]. - The net cash flow from investing activities improved slightly to -¥406,055,768.07 in 2025, compared to -¥433,899,019.72 in 2024[24]. - Cash inflow from financing activities was ¥612,213,574.66 in 2025, slightly down from ¥615,111,744.52 in 2024[24]. - The net cash flow from financing activities decreased to ¥119,125,029.02 in 2025, down from ¥432,618,354.92 in 2024[24]. - The ending cash and cash equivalents balance increased to ¥635,463,991.65 in 2025, compared to ¥528,838,066.72 in 2024, reflecting a growth of approximately 20.2%[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,130[10]. - The largest shareholder, Han Jinlong, holds 28,724,356 shares, representing 8.42% of total shares[11]. - The company has no significant changes in the top 10 shareholders or their participation in margin trading[12]. - The company reported no significant related party transactions among major shareholders[12]. Expenses and Income - Research and development expenses amounted to ¥53,276,288.94, accounting for 7.46% of operating revenue, which is an increase of 0.05 percentage points[4]. - The company reported a decrease in financial expenses from ¥4,152,225.05 to ¥1,108,629.07, a reduction of approximately 73.3%[19]. - Other income decreased to ¥72,627,113.38 from ¥88,958,955.36, a decline of 18.3%[19]. - The company’s deferred income increased to ¥26,824,555.63 from ¥8,536,620.88, showing a substantial rise of 213.5%[19].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥317,579,168.94, representing a significant increase of 1,768.94% year-over-year[3] - Net profit attributable to shareholders was ¥2,096,431.70, up 154.50% compared to the same period last year[3] - The basic earnings per share (EPS) was ¥0.0409, reflecting a remarkable increase of 1,205.41% year-over-year[3] - The company experienced a 1,943.92% increase in total operating revenue for the year-to-date period, amounting to ¥931,038,585.82[7] - Total operating revenue for the period reached ¥931,038,585.82, a significant increase from ¥45,551,575.77 in the previous period, reflecting a growth of approximately 1944%[15] - The company's net profit for the current period is CNY 40,509,525.86, compared to a net loss of CNY 4,010,128.51 in the previous period[16] - Operating income for the current period is CNY 40,779,905.74, while the previous period reported an operating loss of CNY 7,126,954.79[16] - Total comprehensive income for the current period is CNY 37,300,244.52, compared to a total comprehensive loss of CNY 7,274,819.08 in the previous period[16] - The company’s basic and diluted earnings per share for the current period are both CNY 0.0412, compared to CNY 0.0015 in the previous period[16] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥11,736,833.97, an increase of 141.15% compared to the same period last year[3] - The company's cash and cash equivalents decreased to ¥48,181,048.55 from ¥402,282,535.43, a decline of approximately 88%[12] - The company reported cash and cash equivalents at the end of the period amounting to CNY 31,059,019.46, down from CNY 89,754,685.17 at the end of the previous period[19] - The company received CNY 522,460,602.05 in cash from sales of goods and services, a substantial increase from CNY 54,963,938.18 in the previous period[18] - The company incurred total cash outflows from financing activities of CNY 56,710,809.87, compared to CNY 107,881,892.37 in the previous period[19] - The company’s total cash inflow from investment activities was CNY 259,833,266.64, while cash outflow was CNY 274,891,945.42, resulting in a net cash outflow of CNY -15,058,678.78[18] Assets and Liabilities - Total assets as of September 30, 2025, were ¥1,244,457,734.77, a decrease of 15.39% from the end of the previous year[3] - Non-current assets totaled ¥369,778,581.97, down from ¥408,961,643.02, reflecting a decrease of about 10%[13] - Total liabilities decreased to ¥363,715,807.85 from ¥599,813,408.35, a decline of approximately 39%[14] - The company's total assets decreased to ¥1,244,457,734.77 from ¥1,470,823,932.83, indicating a reduction of about 15%[14] - The net loss attributable to shareholders improved to -¥375,956,585.97 from -¥419,349,894.07, showing a reduction in losses of approximately 10%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,293[8] - The largest shareholder, Shenzhen Ansheng Zhihua Investment Partnership, holds 19.18% of shares, totaling 198,140,000 shares[8] - Xianfeng Holdings Group holds 11.05% of shares, totaling 114,152,000 shares, with 69,000,000 shares pledged and 114,152,000 shares frozen[8] - The top ten shareholders collectively hold significant stakes, with the first two shareholders alone accounting for over 30% of total shares[8] Research and Development - Research and development expenses rose to ¥22,741,381.65, a 181.29% increase year-over-year, driven by increased investment in the copper-clad laminate business[7] - Research and development expenses increased to ¥22,741,381.65 from ¥8,084,551.18, reflecting a growth of about 182%[15] Business Operations and Changes - The company has completed the handover of related matters with partners regarding the termination of feed production business as of the report date[9] - The company has announced plans to provide guarantees for bank loans to its subsidiaries[10] - The company has initiated a share repurchase plan for equity incentives, with a repurchase ratio reaching 1%[10] - The company has disclosed the progress of its major shareholders' bankruptcy proceedings[10] - The company has made amendments to its articles of association and business scope as part of its restructuring efforts[10] Financial Investments - The company recorded a significant increase in trading financial assets, which rose by 1,388.33% to ¥98,718,955.26 due to increased investment in financial products[7] - The company’s cash flow from investing activities showed a significant net outflow of ¥15,058,678.78, primarily due to increased investment in financial products[7]

昆山龙腾光电股份有限公司2025 年第三季度报告 证券代码：688055 证券简称：龙腾光电 昆山龙腾光电股份有限公司 2025 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、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、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。 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）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 614,025,838.59 | -27.72 | 1,903, ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥296,174,452.26, representing a year-on-year increase of 21.66%[4]. - The total profit for the period reached ¥35,078,344.77, a significant increase of 279.79% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥33,048,620.54, reflecting a year-on-year growth of 133.44%[4]. - The net profit excluding non-recurring gains and losses was ¥32,480,035.02, up 126.80% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 reached CNY 858.23 million, a slight increase from CNY 850.06 million in the same period of 2024, representing a growth of approximately 0.14%[19]. - Net profit for the first three quarters of 2025 was CNY 77.33 million, a decrease from CNY 79.83 million in 2024, reflecting a decline of approximately 3.13%[20]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 8.63 million, compared to a loss of CNY 3.93 million in 2024, showing a significant turnaround[20]. Assets and Liabilities - The company's total assets increased by 4.71% to ¥2,145,043,565.47 compared to the end of the previous year[5]. - The total assets as of September 30, 2025, amounted to RMB 2,145,043,565.47, an increase from RMB 2,048,468,378.57 at the end of 2024[14]. - Current assets reached RMB 897,053,933.06, up from RMB 765,870,756.23 in the previous year, indicating a growth of approximately 17.1%[14]. - The total liabilities increased to CNY 743.18 million in 2025 from CNY 677.28 million in 2024, representing an increase of approximately 9.7%[19]. - Non-current assets totaled RMB 1,247,989,632.41, down from RMB 1,282,597,622.34, indicating a decrease of approximately 2.7%[15]. Shareholder Information - The company reported a total of 33,720 common shareholders at the end of the reporting period[11]. - Major shareholders include Japan's Eisho Trading Co., Ltd. with a 20.1% stake and Ningde City Huifu Investment Co., Ltd. with a 17.12% stake[11]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥68,664,575.44[5]. - The net cash flow from operating activities improved significantly to CNY 68.66 million in 2025, compared to CNY 6.08 million in 2024, indicating a substantial increase in operational efficiency[22]. - The total cash inflow from operating activities was CNY 834.02 million in 2025, down from CNY 930.59 million in 2024, indicating a decrease of approximately 10.3%[22]. - The net cash flow from investment activities was -$7,282,929.68, compared to -$72,639,420.81 in the previous period, indicating an improvement[23]. - The net cash flow from financing activities was -$31,111,737.50, contrasting with a positive flow of $80,538,742.46 in the prior year[23]. Expenses - Total operating costs increased to CNY 762.60 million in 2025 from CNY 740.57 million in 2024, marking an increase of about 2.03%[19]. - Research and development expenses for the first three quarters of 2025 were CNY 29.87 million, down from CNY 34.49 million in 2024, showing a decrease of about 13.4%[19]. Government Support - The company received government subsidies amounting to ¥1,333,406.23 during the period, which positively impacted the financial results[7].

Financial Performance - The company's operating revenue for the third quarter was ¥179,992,829.12, representing a year-on-year increase of 23.34%[4] - The total profit for the quarter was -¥12,131,191.08, with a year-to-date total profit of -¥39,642,666.09[4] - The net profit attributable to shareholders for the quarter was -¥10,652,747.46, and year-to-date it was -¥37,476,260.91[4] - The basic and diluted earnings per share for the quarter were both -¥0.10, with year-to-date figures of -¥0.33[5] - The net loss for the first three quarters of 2025 was ¥37.48 million, compared to a net loss of ¥23.03 million in the same period of 2024, indicating a worsening of 62.93%[22] - Basic and diluted earnings per share for the period were both -¥0.33, compared to -¥0.20 in the previous year[23] Research and Development - Research and development expenses totaled ¥38,896,674.91 for the quarter, accounting for 21.61% of operating revenue, a decrease of 6.62 percentage points compared to the previous year[5] - Research and development expenses rose to ¥115.80 million, reflecting a 3.20% increase from ¥111.61 million in the previous year[21] Assets and Liabilities - The total assets at the end of the quarter were ¥2,767,763,488.48, reflecting a 4.56% increase from the end of the previous year[5] - Total assets increased to ¥2.77 billion, up from ¥2.65 billion year-over-year, representing a growth of 4.55%[19] - Total liabilities rose to ¥387.07 million, compared to ¥208.04 million in the previous year, marking an increase of 86.14%[19] - The company reported a financial income of ¥7.58 million, up from ¥5.20 million, indicating a growth of 45.69%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period was 8,997[12] - The largest shareholder, Shanghai Jingyang Investment Consulting Co., Ltd., holds 51,988,283 shares, accounting for 45.25% of total shares[12] - The company has repurchased a total of 3,609,758 shares, representing 3.14% of the total share capital of 114,889,391 shares[14] Cash Flow and Liquidity - Cash and cash equivalents increased to ¥815,587,180.48 from ¥578,892,803.94 year-over-year[17] - The ending cash and cash equivalents balance rose to $811.61 million in 2025, compared to $279.07 million in 2024, reflecting a significant increase in liquidity[25] - In the first three quarters of 2025, the net cash flow from operating activities was -$73.59 million, compared to -$66.17 million in the same period of 2024, indicating a decline in operational cash flow[24] - Total cash inflow from investment activities decreased to $2.05 billion in 2025 from $2.64 billion in 2024, reflecting a significant drop in investment returns[25] - The net cash flow from investment activities improved to $281.58 million in 2025, compared to a negative $292.47 million in 2024, showing a recovery in investment performance[25] - Cash inflow from financing activities increased to $73.70 million in 2025, up from $7.60 million in 2024, indicating stronger financing efforts[25] - The net cash flow from financing activities was $28.83 million in 2025, a turnaround from a negative $63.35 million in 2024, suggesting improved financial stability[25] Other Financial Metrics - The weighted average return on equity was -0.45% for the quarter, an increase of 0.24 percentage points compared to the previous year[5] - The company experienced significant foreign exchange losses due to fluctuations in the US dollar exchange rate, impacting net profit[10] - The company reported a total of ¥6,093,788.72 in non-recurring gains and losses for the year-to-date period[7] - Other comprehensive income after tax was ¥1.00 million, compared to ¥0.53 million in the previous year, showing an increase of 88.06%[22] - The company received $13.43 million in tax refunds in 2025, up from $11.95 million in 2024, indicating improved tax recovery efforts[24] - The company did not apply new accounting standards for the first time in 2025, maintaining consistency in financial reporting[26]