证券代码：002756 证券简称：永兴材料 公告编号：2025-044 号 永兴特种材料科技股份有限公司 永兴特种材料科技股份有限公司 2025 年第三季度报告 3.第三季度财务会计报告是否经过审计 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。 □是 否 1 永兴特种材料科技股份有限公司 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 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。 □适用 不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常 2 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 | | --- ...

Financial Performance - The company's revenue for Q3 2025 was ¥40,737,854.40, a decrease of 70.86% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥24,989,506.17, representing a decline of 562.40% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was -¥25,155,761.03, a decrease of 1,243.41% compared to the previous year[9]. - Year-to-date revenue reached ¥303,757,098.57, down 29.54% from the same period last year[9]. - The net profit attributable to shareholders for the year-to-date period was ¥17,654,824.88, a decrease of 72.62% year-on-year[10]. - Basic earnings per share for the current period were -¥0.2499, a decline of 562.78% year-on-year[9]. - Net profit for the current period is ¥17,654,824.88, a decline of 72.6% from ¥64,488,309.34 in the previous period[22]. - Basic and diluted earnings per share are both ¥0.18, down from ¥0.77 in the previous period[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,186,360,364.76, an increase of 6.67% from the end of the previous year[5]. - Total assets increased to ¥1,186,360,364.76, compared to ¥1,112,176,244.01 in the previous period, reflecting a growth of 6.6%[19]. - Total liabilities rose to ¥461,196,918.25, up from ¥374,667,622.39, marking an increase of 23.1%[19]. - The total equity attributable to shareholders decreased to ¥725,163,446.51 from ¥737,508,621.62, a decline of 1.7%[19]. - The company’s total liabilities and equity structure remains stable, with no significant changes reported in the debt levels[16]. Cash Flow - The net cash flow from operating activities was ¥149,821,093.50, an increase of 443.77% compared to the previous year[10]. - The net cash flow from operating activities for the current period is ¥149,821,093.50, a significant improvement compared to the previous period's net cash flow of -¥43,581,361.02[23]. - Cash inflow from operating activities totaled ¥537,938,053.79, up from ¥401,521,272.45 in the previous period, indicating a growth of approximately 34%[23]. - The cash outflow from operating activities decreased to ¥388,116,960.29 from ¥445,102,633.47, reflecting a reduction of about 13%[23]. - Cash inflow from investment activities was ¥372,488,753.82, compared to ¥133,938,994.47 in the previous period, marking an increase of approximately 178%[24]. - The net cash flow from investment activities was -¥49,662,622.19, worsening from -¥23,145,723.58 in the previous period[24]. - Cash inflow from financing activities was ¥20,000,000.00, down from ¥314,572,700.00 in the previous period, indicating a decrease of approximately 94%[24]. - The net cash flow from financing activities was -¥10,972,476.07, a decline from ¥137,193,776.54 in the previous period[24]. - The ending balance of cash and cash equivalents increased to ¥272,537,729.44 from ¥186,777,464.06, representing a growth of about 46%[24]. Shareholder Information - The company has a total of 77,500,000 shares with 18,295,911 shares released from restrictions during the period[15]. - The top shareholder, Li Zhirong, holds 22,891,644 shares, representing a significant portion of the company’s equity[15]. Strategic Initiatives - The company reported a significant impact on revenue due to changes in customer order schedules and investment plans[9]. - The company has engaged in strategic partnerships to enhance its market position and expand its product offerings[16]. - Future outlook remains positive with ongoing investments in technology and market expansion initiatives planned for the upcoming quarters[16]. Operational Metrics - Total operating revenue for the current period is ¥303,757,098.57, down 29.6% from ¥431,096,584.28 in the previous period[20]. - Total operating costs decreased to ¥289,955,643.31, a reduction of 20.9% compared to ¥366,581,592.20 from the previous period[20]. - Research and development expenses remained stable at ¥27,156,192.53, slightly down from ¥27,263,199.06 in the previous period[20]. - Financial expenses showed a significant improvement, with a net income of -¥1,000,424.83 compared to a loss of ¥2,265,592.03 in the previous period[20]. Other Information - The company received ¥372,000,000.00 from the recovery of investments, significantly higher than the previous period's ¥133,770,000.00[24]. - The company has not undergone an audit for the third quarter financial report[25].

Financial Performance - The company's operating revenue for Q3 2025 was CNY 293,744,673, a decrease of 40.60% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 reached CNY 16,070,050, representing a significant increase of 71.51% year-on-year[5] - The company’s basic earnings per share for Q3 2025 was CNY 0.0115, a 71.64% increase compared to the same period last year[5] - Net profit increased to ¥41,632,790.03 compared to ¥22,263,466.30 in the previous period, marking an increase of approximately 87.5%[22] - The total comprehensive income for the period was CNY 41,632,790.03, compared to CNY 22,263,466.30 in the previous period, representing an increase of approximately 87.5%[23] - The net profit attributable to the parent company was CNY 37,894,702.67, up from CNY 18,499,445.19, indicating a growth of about 104.5%[23] - Basic and diluted earnings per share increased to CNY 0.0270 from CNY 0.0132, reflecting a rise of 104.5%[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 188,504,500, an increase of 190.77% compared to the previous year[5] - Net cash flow from operating activities improved by 190.77% to 188,504,514.46, driven by increased customer payments and reduced cash payments for project procurement[13] - Cash inflows from operating activities totaled CNY 1,001,320,025.21, compared to CNY 859,627,573.31 in the previous period, marking an increase of approximately 16.4%[26] - The net cash flow from operating activities was CNY 188,504,514.46, a significant improvement from a negative CNY 207,671,701.71 in the previous period[26] - Cash inflows from investment activities were CNY 386,402,592.86, compared to CNY 341,005,541.64, showing an increase of about 13.3%[26] - The net cash flow from investment activities was negative CNY 135,923,267.03, worsening from negative CNY 102,053,550.40 in the previous period[26] - Cash inflows from financing activities decreased to CNY 74,263,624.99 from CNY 203,263,119.56, a decline of approximately 63.5%[26] - The net increase in cash and cash equivalents was CNY 8,810,305.65, compared to a decrease of CNY 283,636,464.14 in the previous period[26] - The ending balance of cash and cash equivalents was CNY 224,248,603.74, significantly higher than CNY 89,223,883.05 at the end of the previous period[26] Assets and Liabilities - The total assets as of September 30, 2025, were CNY 4,302,470,103.98, reflecting a decrease of 1.48% from the end of the previous year[5] - The company's total assets amounted to ¥4,302,470,103.98, slightly down from ¥4,367,193,327.59[20] - Current liabilities totaled ¥2,272,580,217.72, a decrease from ¥2,374,989,042.76, reflecting a reduction of about 4.5%[20] - The total equity attributable to shareholders increased to ¥1,983,005,560.00 from ¥1,945,274,428.61, an increase of approximately 1.9%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period was 125,143[14] - The largest shareholder, Zhu Hanping, holds 16.14% of shares, totaling 226,120,154, with 26,000,000 shares pledged[14] - The company had a total of 380,273,068 restricted shares at the beginning of the period, with 36,354,139 shares released during the period[16] Expenses and Investments - The company reported a significant increase in prepayments, which rose by 126.99% to CNY 213,062,332.72, primarily due to project procurement payments[11] - The company experienced a 26315.90% increase in trading financial assets, amounting to CNY 145,566,149.18, due to increased investment in financial products[11] - Financial expenses decreased by 124.25% to -856,169.40, primarily due to repayment of loans and increased foreign exchange gains[12] - Investment income increased by 356.85% to 13,993,541.30, attributed to dividends from other non-current financial assets[12] - Research and development expenses were reported at ¥40,716,123.09, slightly up from ¥40,586,180.62, indicating a focus on innovation[22]

Financial Performance - The company's operating revenue for Q3 2025 was ¥118,529,950.92, a decrease of 28.79% compared to the same period last year, and a decline of 54.84% year-to-date[5] - The net profit attributable to shareholders was -¥9,496,622.40, representing a 75.05% increase in loss compared to the previous year, with a year-to-date loss of -¥44,258,303.95, a decrease of 26.79%[5] - The basic and diluted earnings per share were both -¥0.0702, reflecting a 75.04% increase in loss year-over-year[5] - The company reported total operating revenue of ¥241,304,910.11 for the current period, a decrease of 55.1% compared to ¥534,299,922.41 in the previous period[27] - The net loss for the current period was ¥53,135,433.77, an improvement from a net loss of ¥70,727,351.23 in the previous period[28] - The total comprehensive income for the current period is -53,135,433.77 CNY, compared to -70,727,351.23 CNY in the previous period, indicating an improvement[29] - Basic and diluted earnings per share for the current period are both -0.3271 CNY, an improvement from -0.4468 CNY in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,707,187,606.02, down 11.23% from the end of the previous year[5] - The company's total assets decreased to ¥1,707,187,606.02 from ¥1,923,231,286.79 at the beginning of the period, reflecting a decline of 11.2%[25] - Current liabilities totaled ¥1,614,963,207.18, down 12.2% from ¥1,788,603,808.38 at the beginning of the period[25] - The total equity attributable to shareholders decreased by 21.82% to ¥83,099,322.42 compared to the previous year[5] - The total equity attributable to the parent company decreased to ¥83,099,322.42 from ¥106,294,465.24, a decline of 21.8%[25] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥42,675,543.82, an improvement of 40.04% compared to the previous year[9] - The net cash flow from operating activities is -42,675,543.82 CNY, a decrease from -71,179,260.22 CNY in the previous period, showing a reduction in cash outflow[32] - Cash inflow from operating activities totaled 422,104,032.14 CNY, down from 631,165,681.88 CNY in the previous period, reflecting a decline of approximately 33.1%[31] - Cash outflow from operating activities was 464,779,575.96 CNY, compared to 702,344,942.10 CNY in the previous period, representing a decrease of about 33.9%[32] - The net cash flow from investing activities is -434,563.24 CNY, an improvement from -1,106,487.32 CNY in the previous period[32] - Cash inflow from financing activities was 44,098,528.33 CNY, down from 301,822,443.09 CNY in the previous period, indicating a significant decline of approximately 85.3%[32] - The net cash flow from financing activities is 12,022,739.89 CNY, compared to 19,063,894.39 CNY in the previous period, showing a decrease of about 37.8%[32] - The ending cash and cash equivalents balance is 12,980,695.36 CNY, down from 20,237,227.08 CNY in the previous period[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,502[11] - The largest shareholder, Shenzhen Shanhuai Investment Management Co., Ltd., holds 29.99% of shares, totaling 40,580,300 shares[11] - Li Suhua, a natural person, holds 11.24% of shares, totaling 15,211,153 shares, with 11,408,365 shares frozen[11] Corporate Changes - The company has undergone changes in its board and supervisory personnel, including resignations and appointments[13][14][15] - The company has relocated its office to a new address in Shenzhen due to operational needs[16] - The company has changed its registered address and revised its articles of association, eliminating the supervisory board[17] Real Estate Transactions - The company plans to publicly transfer 50 real estate properties with a total area of 3,097.90 square meters, with a book value of 46.7025 million RMB[20] - The assessed value for the real estate transfer is set at 39.3106 million RMB, based on a report from Zhonglian Asset Appraisal Group[20] - The company has agreed to publicly transfer 51% equity of Guangdong Yingju Construction Engineering Co., Ltd. with a minimum listing price of ¥1,020,000[21] Financial Expenses and Income - The company experienced a 72.73% reduction in financial expenses, amounting to ¥5,995,306.12, mainly due to decreased interest expenses[9] - The company recorded a 471.49% increase in non-operating income, totaling ¥9,199,912.07, largely due to the write-off of long-term payables[9] - The company's long-term borrowings increased significantly by 3453.02% to ¥9,847,385.27, indicating a shift in financing strategy[8] - The company's long-term investments decreased to ¥48,845,741.40 from ¥49,618,070.03, a decline of 1.5%[24] - Accounts receivable slightly decreased to ¥765,171,305.56 from ¥768,866,342.66, a reduction of 0.4%[23] - The company's cash and cash equivalents decreased to ¥57,680,028.82 from ¥90,051,486.22, a decline of 36.0%[23]

Revenue and Profit - The company's revenue for the third quarter was CNY 160,077,858.91, representing a year-on-year increase of 1.31%, while the year-to-date revenue decreased by 25.36% to CNY 401,986,591.06[3] - Net profit attributable to shareholders for the third quarter was CNY 20,358,363.35, down 28.97% year-on-year, and year-to-date net profit decreased by 73.84% to CNY 46,272,577.43[3] - Total operating revenue for the current period was ¥401,986,591.06, a decrease of 25.4% compared to ¥538,553,122.42 in the previous period[21] - Net profit for the current period was ¥46,272,577.43, down 73.9% from ¥176,880,401.92 in the previous period[22] Earnings Per Share - The basic earnings per share for the third quarter was CNY 0.0800, a decrease of 27.34% compared to the same period last year, with year-to-date earnings per share down 73.23% to CNY 0.1819[3] - Basic earnings per share for the current period were ¥0.1819, down from ¥0.6796 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,717,723,113.34, an increase of 2.13% from the end of the previous year[4] - Total assets increased to ¥6,717,723,113.34, up from ¥6,577,302,408.96 in the previous period[19] - Total liabilities rose to ¥1,424,787,591.13, compared to ¥1,286,828,958.23 in the previous period[19] - Current liabilities increased to ¥1,040,023,229.93, up from ¥817,256,864.75 in the previous period[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 288,367,882.50, down 26.24% compared to the previous year[3] - Operating cash flow for the current period is ¥288,367,882.50, a decrease of 26.2% compared to ¥390,931,837.36 in the previous period[25] - Net cash flow from investment activities improved significantly, reaching CNY 22,008,695.63, compared to a negative cash flow of CNY 208,634,686.89 in the previous period, an increase of 110.55%[10] - Net cash flow from investment activities is ¥22,008,695.63, a significant improvement from a negative cash flow of -¥208,634,686.89 in the previous period[25] - Cash inflow from financing activities totaled ¥700,000,000.00, an increase of 25% compared to ¥560,000,000.00 in the previous period[26] - Net cash flow from financing activities decreased to -¥4,645,749.98, down from ¥46,929,504.70 in the previous period[26] Research and Development - Research and development expenses increased by 80.79% to CNY 48,554,021.19 compared to the previous period, reflecting increased investment in R&D[9] - Research and development expenses rose to ¥48,554,021.19, an increase of 80.9% compared to ¥26,856,618.86 in the previous period[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,264[12] - The largest shareholder, Shao Zengming, holds 33.64% of shares, totaling 87,548,262 shares[12] - The second-largest shareholder, Li Aizhen, holds 13.83% of shares, totaling 36,000,000 shares[12] - The company's repurchase account holds 5,822,020 shares, representing 2.24% of total shares, all of which are unrestricted[14] Current Assets - Total current assets at the end of the reporting period amount to ¥4,404,024,294.26, a slight decrease from ¥4,430,284,096.76 at the beginning of the period[16] - Cash and cash equivalents at the end of the reporting period are ¥1,248,574,937.05, down from ¥1,253,107,298.49[16] - Trading financial assets increased to ¥2,595,054,798.79 from ¥2,529,873,797.10[16] - Accounts receivable decreased to ¥28,623,827.07 from ¥36,610,609.69[16] - Inventory increased to ¥439,659,081.92 from ¥415,798,504.06[16] - Other current assets decreased significantly from ¥106,164,947.01 to ¥28,539,354.11[16] Income Tax and Expenses - The company reported a decrease in income tax expenses by 97.71% to CNY 639,494.40, attributed to a decline in total profit[9] - Total operating costs increased to ¥417,509,149.55, up 4.5% from ¥398,106,032.87 in the previous period[21] - Cash paid for purchasing goods and services was ¥170,614,755.99, down from ¥248,717,286.33 in the previous period, indicating a reduction of 31.4%[24] - Cash paid to employees decreased to ¥46,222,930.44 from ¥60,893,334.39, reflecting a decline of 24.1%[25] Comprehensive Income - Other comprehensive income after tax was a loss of ¥5,642,962.00, compared to a loss of ¥923,035.99 in the previous period[22]

桂林旅游股份有限公司 2025 年第三季度报告 证券代码：000978 证券简称：桂林旅游 公告编号：2025-047 桂林旅游股份有限公司 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、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。 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 一、主要财务数据 单位：元 | 项目 | 本报告期金额 | 年初至报告期 | 说明 | | --- | --- | --- | --- | | | | 期末金额 | | | 非流动性资产处置损益（包括已计提资产减 | 36,190.17 | 240,627.23 | | | 值准备的冲销部分） | | | | | 计入当期损益的政府补助（与公司正常经营 业务密切相关、符合国家政策规定、按照确 | 425,162.55 | 6,1 ...

Financial Performance - Revenue for Q3 2025 reached ¥307,974,923.91, an increase of 6.03% year-over-year, while year-to-date revenue was ¥768,028,601.08, up 2.35%[5] - Net profit attributable to shareholders for Q3 2025 was ¥25,563,025.35, a significant increase of 37.20% compared to the same period last year, but down 31.99% year-to-date[5] - Basic earnings per share for Q3 2025 was ¥0.18, reflecting a 38.46% increase year-over-year, while year-to-date earnings per share decreased by 28.57%[5] - Total operating revenue for the period reached ¥768,028,601.08, an increase of 2.2% compared to ¥750,379,997.37 in the previous period[26] - The company's net profit for the current period is 11,522,019.09, compared to 13,181,170.09 in the previous period, reflecting a decrease of approximately 12.6%[27] - The total comprehensive income for the current period is 12,416,892.79, down from 13,665,372.13 in the previous period, indicating a decline of about 9.1%[27] - The company's operating profit for the current period is 4,453,708.14, compared to 5,972,115.09 in the previous period, showing a decline of approximately 25.4%[27] - The company’s total profit for the current period is 2,253,691.58, down from 5,135,276.07 in the previous period, reflecting a decrease of about 56.1%[27] Assets and Liabilities - Total assets as of the end of Q3 2025 amounted to ¥3,038,155,068.80, representing a 6.32% increase from the end of the previous year[5] - Total assets reached ¥3,038,155,068.80, up from ¥2,857,565,523.02, reflecting a growth of 6.3%[24] - Total liabilities increased to ¥1,683,806,375.47 from ¥1,507,787,019.81, an increase of 11.7%[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥76,249,134.86 year-to-date, a decrease of 57.68% compared to the previous year[5] - Operating cash flow for the current period is -76,249,134.86, an improvement from -180,193,686.64 in the previous period[29] - Cash inflow from operating activities increased to 994,189,647.81, compared to 860,284,001.08 in the previous period, marking an increase of approximately 15.6%[29] - The company received cash from financing activities amounting to 798,343,464.50, compared to 689,491,873.86 in the previous period, reflecting an increase of approximately 15.8%[30] - The net cash flow from financing activities for the current period is 90,795,140.03, down from 109,501,673.74 in the previous period, indicating a decrease of about 17.1%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,133[13] - The largest shareholder, Hangzhou Zhengyuan Shunran Industrial Co., Ltd., holds 25.81% of shares, totaling 36,680,617 shares[13] - The company has a repurchase account holding 3,303,000 shares, representing 2.32% of total shares, with no pledges or freezes[14] - The top ten shareholders do not include any shareholders participating in the securities lending business[14] - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[15] - The company has not disclosed any related party transactions among the top ten shareholders[13] Operational Metrics - Total operating costs amounted to ¥765,773,145.81, up from ¥747,078,905.46, reflecting a rise of 2.5%[26] - Research and development expenses were ¥117,278,039.11, compared to ¥110,605,103.24, indicating an increase of 6.0%[26] - Accounts receivable rose to ¥822,035,565.53 from ¥731,269,224.10, representing an increase of 12.4%[22] - Inventory increased by 45.71% year-over-year to ¥548,046,191.88, attributed to a rise in orders and ongoing projects[10] - Inventory increased to ¥548,046,191.88 from ¥376,130,247.72, marking a significant rise of 45.6%[22] Investment and Financing - Investment income for the year-to-date period showed a loss of ¥3,826,042.02, a decline of 196.86% compared to the previous year, primarily due to losses from joint ventures[11] - Cash received from investment recoveries surged by 14,757.14% to ¥52,000,000.00, mainly due to the redemption of financial products[12] - The company’s long-term borrowings increased by 325.55% to ¥48,773,744.43, reflecting a rise in bank loans[10] Future Plans - The company plans to change the use of part of the raised funds, reallocating CNY 179.4 million from the "Basic Education Management and Service Integration Cloud Platform Project" to the "Higher Education Operation and Service Integration Platform Project"[17] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[26] Convertible Bonds - The company decided not to adjust the conversion price of its convertible bond "Zhengyuan Zhuang 02" despite the stock price falling below the adjustment threshold[19] - The company will not propose a downward adjustment of the conversion price for "Zhengyuan Zhuang 02" for the next six months, starting from October 16, 2025[20] - The total number of restricted shares at the end of the period is 2,786,071 shares, with 2,767,321 shares set to be released on April 15, 2025[16]

Financial Performance - Q3 2025 revenue reached ¥879,535,308.57, an increase of 15.42% year-over-year[5] - Net profit attributable to shareholders was ¥74,064,443.31, a decrease of 13.53% compared to the same period last year[5] - Net profit excluding non-recurring items was ¥88,028,757.66, up 11.05% year-over-year[5] - The company's net profit for the period increased by 36.31% year-over-year, reaching 309,271,206.48[11] - Operating profit rose by 42.07% year-over-year, amounting to 366,709,885.03[11] - Investment income increased by 45.29% year-over-year, totaling 61,258,037.97[11] - Total operating revenue for the current period reached ¥2,341,884,046.24, an increase of 7.85% compared to ¥2,170,845,563.65 in the previous period[25] - Net profit for the current period was ¥309,271,206.48, representing a 36.25% increase from ¥226,896,326.47 in the previous period[27] - Earnings per share (EPS) for the current period was ¥0.53, compared to ¥0.39 in the previous period, reflecting a 35.90% increase[28] - The company reported a total comprehensive income of ¥291,277,844.15, compared to ¥213,632,636.91 in the prior period, reflecting a growth of 36.25%[27] Assets and Liabilities - Total assets as of the end of the reporting period were ¥7,073,504,754.26, representing a 7.44% increase from the end of the previous year[5] - Total liabilities decreased to ¥1,939,189,566.22 from ¥2,430,107,593.06, a reduction of approximately 20.23%[23] - Total equity increased to ¥5,134,315,188.04 from ¥4,153,436,125.00, marking an increase of about 23.66%[23] - The company's non-current assets totaled RMB 3.55 billion, an increase from RMB 3.39 billion, reflecting a growth of approximately 4.9%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥391,879,914.65, down 11.78%[5] - Cash inflow from operating activities was ¥2,713,386,339.73, up from ¥2,414,135,884.22, indicating a growth of 12.41%[29] - The net cash flow from operating activities was $391,879,914.65, a decrease of 11.7% compared to $444,200,288.05 in the previous period[30] - Cash inflow from investment activities totaled $2,767,919,249.56, significantly higher than $1,142,426,734.69 in the prior period, indicating a strong investment recovery[30] - The company received $180,227,279.56 from the disposal of subsidiaries and other business units, contributing to investment cash inflows[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,155[14] - The largest shareholder, Feikai Holdings Limited, holds 20.86% of shares, totaling 118,237,504 shares[14] - The second-largest shareholder, Shanghai Semiconductor Equipment Materials Industry Investment Management Co., Ltd., holds 4.67% of shares, totaling 26,504,565 shares[14] - The total number of shares held by the top 10 shareholders is significant, with the largest shareholder alone accounting for over 20%[14] - The total number of restricted shares at the end of the period is 3,096,209, with a reduction of 162,514 shares during the period[17] Investments and Loans - The company plans to invest RMB 10.11 million in Suzhou Aikelong Materials Co., Ltd., acquiring 577,714 yuan of registered capital, with the remaining RMB 9.53 million allocated to capital reserves[18] - The company approved a loan of up to RMB 30 million to Anqing Xinkai Semiconductor Materials Co., Ltd., with interest rates based on the one-year LPR, to support its business operations[18] Expenses and Costs - Total operating costs amounted to ¥2,023,831,854.75, up 6.23% from ¥1,904,989,529.98 in the prior period[26] - Research and development expenses rose to ¥143,635,457.26, an increase of 9.83% from ¥131,338,014.87 in the previous period[26] Other Financial Metrics - Cash received from investment activities surged by 133.12% year-over-year, reaching 2,554,689,522.43[12] - Cash paid for the acquisition of fixed assets and other long-term assets increased by 185.24% year-over-year, totaling 357,038,620.92[12] - The company reported a significant reduction in credit impairment losses, decreasing by 98.22% year-over-year[11] - Other comprehensive income after tax decreased by 35.66% year-over-year, amounting to -17,993,362.33[11] - The fair value change of other equity investments resulted in a loss of -14,033,438.52, an increase of 88.89% compared to the previous year[11]

Financial Performance - The company's operating revenue for Q3 2025 was ¥3,929,079,168.40, representing an increase of 11.31% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥122,184,561.35, while the net profit after deducting non-recurring gains and losses was a loss of ¥155,064,991.63[3]. - The total profit for the period was ¥42,677,991.23, a significant turnaround from a loss of ¥622,928,861.69 in the same period last year[8]. - The net profit attributable to the parent company was approximately ¥16.07 million, a significant improvement from a loss of ¥687.64 million year-on-year, indicating a turnaround in performance[9]. - Operating profit improved significantly to ¥59,599,737.91 from a loss of ¥582,839,078.42 in the previous period[32]. - Net profit for the current period was ¥24,104,609.75, recovering from a net loss of ¥655,454,878.53 in the previous period[32]. - The company reported a total comprehensive income of ¥23,155,761.51, recovering from a loss of ¥649,996,883.23 in the previous period[33]. - The basic and diluted earnings per share were both ¥0.005, compared to a loss of ¥0.213 in the previous period[33]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,881,350,693.18, a decrease of 2.26% from the end of the previous year[3]. - The company’s total liabilities decreased by 30.54% to ¥4,525,952,074.32, primarily due to the reclassification of long-term borrowings[8]. - The total liabilities decreased to ¥19,644,812,697.29 from ¥20,175,046,732.80, reflecting a reduction of approximately 2.64%[31]. - The total equity attributable to shareholders decreased to ¥11,092,864,383.46 from ¥11,236,035,373.79, a decline of about 1.27%[31]. - The current liabilities totaled ¥13,019,373,379.48, an increase from ¥12,153,324,901.52, reflecting a rise of approximately 7.11%[32]. Cash Flow - The company reported a net cash flow from operating activities of -¥880,138,096.52 for the year-to-date[3]. - Cash flow from financing activities showed a net outflow of approximately ¥696.78 million, attributed to a continued reduction in interest-bearing liabilities[9]. - Operating cash inflow totaled ¥11.66 billion, a decrease from ¥11.93 billion in the previous period, reflecting a decline of approximately 2.26%[35]. - Net cash flow from operating activities was -¥880.14 million, slightly worse than -¥871.43 million in the prior period[35]. - Net cash flow from investment activities was ¥1.18 billion, up from ¥1.08 billion, indicating an increase of about 9.9%[35]. - Net cash flow from financing activities was -¥696.78 million, worsening from -¥66.82 million in the prior period[36]. - The ending balance of cash and cash equivalents decreased to ¥3.10 billion from ¥4.20 billion, a decline of approximately 26.3%[36]. Investments and Income - The company achieved a significant increase in other income, which rose by 150.18% year-on-year to ¥277,522,102.06, mainly due to increased government subsidies[8]. - The company’s investment income for the year-to-date was ¥418,473,551.93, a substantial recovery from a loss of ¥145,692,945.01 in the previous year[8]. - Investment cash inflow increased to ¥7.05 billion from ¥4.92 billion, marking a growth of approximately 43.3%[35]. - Financing cash inflow was ¥5.49 billion, compared to ¥4.76 billion in the previous period, representing an increase of approximately 15.3%[36]. Corporate Governance and Management - The company plans to continue focusing on its core business and optimizing resource utilization to ensure stable growth and profitability in the future[8]. - The company plans to adjust its fundraising investment projects, including the conclusion and postponement of certain projects, as approved by the board[13]. - The company elected Dai Xiangtao as the chairman of the board on July 23, 2025, following a board meeting[13]. - The company appointed a new president, Yu Jiyong, following the resignation of the previous president, Dai Xiangtao[15]. - The company is in the process of revising its articles of association and meeting rules to improve governance[16]. - The company plans to conduct a board member election to fill the vacancy left by the resignation of an independent director[15]. Financial Management - The company has established a new fundraising special account and signed a fundraising supervision agreement to enhance financial management[15]. - The company approved the use of up to RMB 1.1 billion of idle funds for wealth management through high-security products, with a one-year term[14]. - The company has adjusted its bank credit limits to ensure sustainable operational development[14]. - The company secured a comprehensive credit facility of RMB 500 million with China Merchants Bank for a one-year term on February 8, 2025[24]. - The company has obtained a comprehensive credit limit of up to RMB 8 billion from China Electric Finance, with a three-year term and the ability to recycle the limit[16]. Audit and Compliance - The company did not undergo an audit for the third quarter financial report[37]. - The financial report for the third quarter was not audited, indicating a potential area of concern for investors[37]. - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[38].

Financial Performance - The company's revenue for Q3 2025 was ¥115,919,697.74, a decrease of 0.32% year-over-year[5]. - The net profit attributable to shareholders was a loss of ¥22,298,038.53, representing a significant decline of 1,114.22% compared to the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥23,051,080.60, down 684.66% year-over-year[5]. - Total operating revenue for the current period reached ¥334,402,758.41, a slight increase from ¥333,316,060.62 in the previous period, reflecting a growth of approximately 0.33%[27]. - Operating profit for the current period was reported at -¥62,864,973.58, a decline from a profit of ¥6,633,043.11 in the previous period[27]. - The net profit for the current period was a loss of approximately 57.56 million, compared to a profit of 5.92 million in the previous period, indicating a significant decline[28]. - The total comprehensive income for the current period was a loss of approximately 57.72 million, compared to a profit of 3.18 million in the previous period[28]. - Basic and diluted earnings per share for the current period were both -0.1380, compared to 0.0162 in the previous period[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,769,929,801.50, a decrease of 4.47% from the previous year[5]. - Current assets totaled ¥531,744,228.71, down from ¥655,740,128.38, indicating a decrease of approximately 18.9%[24]. - Non-current assets increased to ¥1,238,185,572.79 from ¥1,197,100,131.87, showing a growth of about 3.4%[24]. - Total liabilities decreased to ¥189,932,715.52 from ¥272,796,850.70, reflecting a reduction of about 30.4%[24]. - Shareholders' equity remained relatively stable at ¥1,579,997,085.98 compared to ¥1,580,043,409.55, showing a negligible change[25]. - Cash and cash equivalents decreased to ¥276,514,688.18 from ¥397,417,780.98, a decline of approximately 30.4%[24]. - Inventory increased to ¥21,516,293.26 from ¥16,090,517.46, representing a growth of about 33.5%[24]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥73,929,680.26, reflecting a 11.17% increase in cash outflow year-to-date[5]. - The operating cash flow for the current period was negative at approximately -73.93 million, an improvement from -83.23 million in the previous period[30]. - The net cash flow from financing activities was approximately 60.83 million, a significant improvement from -178.53 million in the previous period[31]. - The cash inflow from investment activities was approximately 172.49 million, while cash outflow was about 174.69 million, resulting in a net cash flow of -2.20 million from investment activities[30]. - The company received approximately 51.46 million in cash from investment activities, a notable increase from 5.50 million in the previous period[31]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 117,010[12]. - The largest shareholder, Fang Yi, holds 12.32% of shares, totaling 48,636,692 shares, with 4,300,000 shares pledged[12]. - The second largest shareholder, Hangzhou Wo Le Ge Tui Investment Management Partnership, holds 4.59% of shares, totaling 18,108,577 shares[12]. - The top 10 shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 17% of total shares[12]. - The company has a total of 0 preferred shareholders at the end of the reporting period[14]. Corporate Governance - The company completed the election of its fourth board of directors on July 10, 2025[17]. - The company has revised its articles of association and related company policies as of July 10, 2025[18]. - The company has implemented a stock incentive plan, with the first vesting period results announced on July 18, 2025[19]. Market and Product Development - Cumulative contracts for AI-related products exceeded ¥13 million, indicating strong market interest and initial customer shipments[5]. - The company has launched the GAI series of AI products, including the GAI Station, aimed at enhancing productivity in office environments[5]. - The company plans to increase investment in AI and accelerate its commercialization efforts[5]. Legal Matters - There are ongoing litigation and arbitration matters disclosed on August 20, 2025[20].