永信至诚科技集团股份有限公司 2025 年第三季度报告 证券代码：688244 证券简称：永信至诚 永信至诚科技集团股份有限公司 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： 注："本报告期"指本季度初至本季度末 3 个月期间，下同。 （二） 非经常性损益项目和金额 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 1 / 12 单位：元 币种：人民币 项目 本报告期 本报告期比上 年同期增减变 动幅度(%) 年初至报告期 末 年初至报告期末比上 年同期增减变动幅度 (%) 营业收入 57,013,413.00 -21.66 142,293,483.97 -17.72 利润总额 -13,5 ...

Financial Performance - The company's operating revenue for the third quarter was approximately CNY 999.96 million, a decrease of 0.81% compared to the same period last year[3]. - Total profit for the quarter was CNY 32.48 million, down 45.24% year-over-year, primarily due to a reduction in government subsidies received[7]. - Net profit attributable to shareholders was CNY 23.12 million, reflecting a 46.64% decrease compared to the previous year[3]. - Basic and diluted earnings per share were both CNY 0.0422, a decline of 46.65% year-over-year[3]. - Total operating revenue for the first three quarters of 2025 reached ¥2,988,064,986.44, a slight increase from ¥2,970,597,838.29 in the same period of 2024, representing a growth of approximately 0.6%[19]. - Total operating costs for the first three quarters of 2025 were ¥2,865,679,659.54, compared to ¥2,836,692,414.57 in 2024, indicating an increase of about 1.5%[19]. - Net profit for the first three quarters of 2025 was ¥114,496,602.97, down from ¥121,060,865.74 in 2024, reflecting a decrease of approximately 5.5%[20]. - Earnings per share (EPS) for the first three quarters of 2025 was ¥0.2091, compared to ¥0.2210 in the same period of 2024, showing a decline of about 5.4%[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5.07 billion, a slight decrease of 0.44% from the end of the previous year[4]. - The company's current assets decreased to RMB 2,255,665,254.36 from RMB 2,586,384,768.35 in the previous period, indicating a decline of approximately 12.8%[15]. - Total liabilities as of the latest reporting period amounted to ¥1,857,089,742.74, a decrease from ¥1,884,984,461.68 in the previous year[17]. - Total equity attributable to shareholders reached ¥3,215,558,090.85, slightly up from ¥3,210,147,167.88 in the previous year[17]. - The company's total liabilities and equity structure remains stable, with no significant changes reported in the financing or borrowing activities[14]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 281.38 million, down 1.32% compared to the previous year[3]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $3.39 billion, compared to $3.37 billion in the same period of 2024, reflecting a slight increase of 0.3%[22]. - Net cash flow from operating activities for the first three quarters of 2025 was $281.38 million, a decrease of 1.4% from $285.16 million in 2024[22]. - Cash inflow from investment activities in the first three quarters of 2025 was approximately $2.29 billion, significantly higher than $1.87 billion in 2024, marking an increase of 22%[22]. - Net cash flow from investment activities for the first three quarters of 2025 was $23.40 million, recovering from a negative cash flow of $48.91 million in 2024[23]. - The total cash inflow from operating activities was $3.39 billion, while total cash outflow was $3.11 billion, resulting in a net cash inflow of $281.38 million[22]. - The company reported a net cash outflow from financing activities of $175.66 million in the first three quarters of 2025, slightly improved from a net outflow of $178.12 million in 2024[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,419[10]. - The total amount raised for the sixth employee stock ownership plan is capped at RMB 6.8 million, funded by the company's allocation for outstanding employees and part of the annual profit-sharing for store managers[12]. - The sixth employee stock ownership plan purchased 466,000 shares in the secondary market at an average price of RMB 11.9285 per share, totaling RMB 5,558,700 (excluding transaction fees), representing 0.0851% of the company's total share capital[12]. - The company has 9 former employees whose shares in the sixth employee stock ownership plan have been reclaimed, canceling their participation eligibility[13]. Financial Condition - The weighted average return on equity decreased to 0.72%, down 0.65 percentage points from the previous year[4]. - The company reported a significant increase in accounts receivable, which rose by 61.32% year-over-year, attributed to increased credit sales[8]. - The construction of the Ningbo cold chain distribution center has led to a 278.34% increase in construction in progress[8]. - Cash and cash equivalents decreased significantly from RMB 1,437,913,414.11 to RMB 849,161,932.61, a drop of about 40.7%[14]. - The company's inventory decreased from RMB 310,814,697.49 to RMB 264,934,506.49, reflecting a reduction of approximately 14.8%[15]. - The company's fixed assets decreased from RMB 935,000,489.83 to RMB 891,030,615.17, a decline of about 4.7%[15]. - The company's non-current assets increased from RMB 2,508,746,861.21 to RMB 2,816,982,579.23, an increase of approximately 12.2%[15]. - The company reported a financial income of ¥21,569,499.11 for the first three quarters of 2025, down from ¥27,098,325.69 in 2024, indicating a decrease of approximately 20.4%[19]. - The company's financial expenses showed a significant improvement, with a net financial income of -¥19,135,228.21 in 2025 compared to -¥50,712,173.72 in 2024, indicating a reduction in financial costs[19]. Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year of first execution[24].

Financial Performance - Total revenue for Q3 2025 was ¥654,808,087.04, representing a year-on-year increase of 12.50%[3] - The total profit for Q3 2025 was -¥46,173,564.84, a decrease of 138.31% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2025 was -¥29,383,823.61, reflecting a decline of 576.34% year-on-year[3] - Basic earnings per share for Q3 2025 was -¥0.02, a decrease of 500.00% from the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,498,369,947.13, a decrease of 23.1% compared to CNY 1,948,111,396.63 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 173,891,354.56, compared to a profit of CNY 270,486,136.27 in the same period of 2024[20] - The total comprehensive income attributable to the parent company was -¥173,421,950.63, compared to ¥266,649,096.74 in the previous year, reflecting a significant decline[21] - Basic and diluted earnings per share were both -¥0.14, down from ¥0.21 in the same period last year[21] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥7,284,554.67, down 96.32% compared to the previous year[3] - The net cash flow from operating activities for the first three quarters of 2025 was ¥7,284,554.67, a significant decrease from ¥197,795,259.27 in the same period of 2024[24] - The total cash outflow from operating activities was ¥1,913,768,403.48, compared to ¥2,684,463,229.33 in the same period of 2024, showing a decrease[24] - Cash and cash equivalents were CNY 2,339,511,140.44 as of September 30, 2025, compared to CNY 2,387,852,812.94 at the end of 2024[16] - The total cash and cash equivalents at the end of the period were ¥1,963,806,758.56, down from ¥2,516,340,519.43 at the end of the previous year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 41,996[9] - The largest shareholder, Yangshengtang Co., Ltd., holds 705,807,928 shares, accounting for 55.79% of total shares[10] - Shareholders' equity attributable to the parent company was ¥12,089,453,978.52, down 1.41% from the end of the previous year[4] - The company's equity attributable to shareholders was CNY 12,089,453,978.52 as of September 30, 2025, compared to CNY 12,262,802,018.66 at the end of 2024[17] Research and Development - The company has increased its R&D investment to provide comprehensive solutions for medical laboratories, driving steady growth in its diagnostic business[11] - Research and development expenses for the first three quarters of 2025 amounted to CNY 445,519,959.69, a decrease of 38.7% from CNY 726,214,438.31 in 2024[20] - The company has launched a new respiratory pathogen nucleic acid detection kit, enhancing its molecular diagnostic product line[12] Market and Product Development - The company experienced a significant decline in profit due to market adjustments and government procurement affecting the vaccine and IVD sectors[7] - The international business of the HPV vaccine has seen robust growth, with approximately 15.05 million doses exported, a threefold increase compared to 2024 and sixfold compared to 2023[13] - The company has achieved market access for its HPV vaccine in 24 overseas countries, expanding its international footprint[13] - The company is focusing on "differentiated innovation" to strengthen its market share amid increasing industry competition[11] - The Wan 600 automated chemiluminescence immunoassay analyzer has been introduced to top hospitals, increasing penetration in high-end clients[12] - The company has received a gold patent award for its core technology in the HPV vaccine, showcasing its leadership in biotechnological innovation[13] - The company is actively pursuing regulatory approvals for new products to establish a compliant foundation for future large-scale sales[12] Liabilities and Financial Position - Total assets at the end of Q3 2025 were ¥14,370,757,786.98, a decrease of 2.17% from the end of the previous year[4] - Total liabilities as of September 30, 2025, were CNY 2,097,612,719.45, down from CNY 2,241,436,443.70 at the end of 2024[17] - The company's inventory as of September 30, 2025, was CNY 831,259,366.79, slightly down from CNY 863,192,935.30 at the end of 2024[16] Investment Activities - Total cash inflow from investment activities was ¥4,087,759,401.77, compared to ¥3,951,015,258.14 in the previous year, indicating a slight increase[25] - The net cash flow from financing activities was ¥11,183,715.36, a recovery from a negative cash flow of -¥619,648,639.93 in the same period last year[25] Other Information - The company reported a decrease in cash received from sales due to a decline in product sales volume, impacting overall cash flow[8] - The company did not execute any mergers or acquisitions during the reporting period[26] - The company reported a financial income of CNY 11,342,308.57 for the first three quarters of 2025, compared to a financial expense of CNY 41,812,576.41 in the same period of 2024[20] - The company reported a net loss attributable to minority shareholders of -¥469,403.93, compared to a profit of ¥3,837,039.53 in the previous year[21]

深圳歌力思服饰股份有限公司 2025 年第三季度报告 深圳歌力思服饰股份有限公司 2025 年第三季度报告 证券代码：603808 证券简称：歌力思 深圳歌力思服饰股份有限公司 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。 1 / 15 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 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | 年初至报告期末 | | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 647,098,693.55 | -8.14 | 2,018,535,180.34 | -6.22 | ...

Financial Performance - The company's revenue for the third quarter reached ¥260,555,448.15, representing a year-on-year increase of 47.08%[3] - The total profit for the period was -¥31,798,051.35, with a net profit attributable to shareholders of -¥22,113,913.40[3] - Total operating revenue for the first three quarters of 2025 reached ¥752.41 million, an increase of 14.3% compared to ¥658.24 million in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of ¥59.39 million, compared to a loss of ¥56.26 million in the same period of 2024, indicating a deterioration in profitability[20] - The company's total equity attributable to shareholders decreased to ¥867.19 million from ¥1.04 billion, reflecting a decline of 16.7%[19] Research and Development - Research and development expenses amounted to ¥26,138,713.05, an increase of 30.93% year-on-year, accounting for 10.03% of total revenue[3] - The company reported a significant increase in research and development expenses, totaling ¥79.87 million in 2025, compared to ¥69.50 million in 2024, reflecting a 14.9% increase[20] - The company is focusing on high-growth sectors such as new energy, tires, and cross-border e-commerce, driving its R&D investments[5] Cash Flow and Liquidity - The net cash flow from operating activities was -¥228,182,080.64 for the year-to-date period[3] - Cash flow from operating activities for the first three quarters of 2025 was ¥1.32 billion, an increase from ¥1.04 billion in 2024, representing a growth of 28%[23] - The net cash flow from operating activities was -228,182,080.64, compared to -175,697,662.05 in the previous period, indicating a decline in operational cash flow[24] - The total cash flow net increase was -336,888,817.50, compared to -228,969,502.26 in the previous period, indicating a worsening cash position[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,870,165,126.36, reflecting a 32.94% increase compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to RMB 3,219,303,375.01, an increase from RMB 2,345,496,308.02 at the end of 2024[15] - Total liabilities as of September 30, 2025, are RMB 2,829,570,599.22, compared to RMB 1,811,860,030.91 at the end of 2024[16] - The total liabilities of the company amounted to ¥3.00 billion, compared to ¥1.87 billion in the previous year, indicating a substantial increase in leverage[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,493[12] - The largest shareholder, Qingdao Yijie Technology Equipment Co., Ltd., holds 31,000,000 shares, accounting for 17.14% of total shares[12] - The company has no preferred shareholders as of the reporting period[12] Operational Costs - Total operating costs for the first three quarters of 2025 were ¥844.26 million, up 11.4% from ¥757.89 million in 2024[19] - Cash outflows for operating activities totaled 1,667,143,295.73, up from 1,303,830,890.93, indicating increased operational expenses[24] - The company’s cash outflow for employee payments was 207,103,497.44, an increase from 182,405,173.63, reflecting higher labor costs[24] Tax and Earnings - The company recorded a tax expense of ¥23.50 million for the first three quarters of 2025, compared to ¥21.25 million in 2024, which is an increase of 10.6%[20] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.37, compared to -¥0.32 in 2024, indicating a worsening in earnings per share[21] Order Backlog - The company reported a backlog of orders totaling ¥4,291,000,000, a 70.34% increase year-on-year, with overseas orders at ¥2,071,000,000, up 73.81%[6] Profitability Metrics - The gross profit margin improved by 3.86 percentage points compared to the same period last year, indicating enhanced profitability in core operations[5] - The weighted average return on net assets decreased by 1.25 percentage points to -2.52% due to a reduction in net profit attributable to shareholders[3] Investment Activities - Total cash inflow from investment activities was 355,606,084.13, significantly lower than 1,795,529,500.04 in the previous period, reflecting reduced investment returns[24] - Cash outflows for investment activities were 569,972,115.04, compared to 1,800,175,976.60 in the previous period, showing a decrease in capital expenditures[24] Financing Activities - The net cash flow from financing activities was 104,555,233.87, a recovery from -52,420,576.40 in the previous period, showing improved financing conditions[24] - Cash inflows from financing activities increased to 471,898,883.82 from 231,657,000.00, reflecting a stronger borrowing position[24]

新余钢铁股份有限公司 2025 年第三季度报告 证券代码：600782 证券简称：新钢股份 新余钢铁股份有限公司 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。 公司负责人刘建荣、主管会计工作负责人胡静及会计机构负责人（会计主管人员）曹瑞保证季度 报告中财务信息的真实、准确、完整。 新余钢铁股份有限公司 2025 年第三季度报告 | 加权平均净资产收益率（%） | 1.73 | 4.43 | 2.48 | | 4.70 | | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | 本报告期末比 上年度末增减 | | | | | | | 变动幅度(%) | | | 总资产 | 48,700,173,132.36 | | 52,358,380,835.97 | | -6.99 | | 归属于上市公 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,308,083,722.25, a decrease of 5.62% compared to the same period last year[4] - Total profit for the quarter reached ¥514,009,469.26, representing a year-on-year increase of 24.99%[4] - Net profit attributable to shareholders was ¥426,044,203.93, up 23.94% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥4,154,595,227.75, a decrease of 8.03% compared to ¥4,517,580,599.78 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥1,148,976,292.70, representing an increase of 7.75% from ¥1,066,392,770.21 in 2024[22] - The company achieved a total profit of ¥1,331,316,843.81 for the first three quarters of 2025, compared to ¥1,204,795,784.15 in 2024, marking an increase of 10.49%[21] Assets and Liabilities - The company's total assets increased by 9.98% to ¥26,116,078,973.45 compared to the end of the previous year[5] - As of September 30, 2025, the total assets of Chongqing Sanfeng Environment Group Co., Ltd. amounted to RMB 26.12 billion, an increase from RMB 23.75 billion as of December 31, 2024, representing a growth of approximately 10.0%[15] - The total liabilities increased to RMB 13.58 billion from RMB 11.92 billion, reflecting a rise of approximately 13.9%[17] - The total liabilities increased to ¥6,943,971,820.73 as of September 30, 2025, compared to ¥4,651,341,940.98 at the end of 2024[30] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥1,837,907,902.16, an increase of 16.71%[4] - The company's cash flow from operating activities for the first three quarters of 2025 was negative at -¥91,021,213.69, compared to -¥67,089,625.90 in the same period of 2024[33] - The net cash flow from operating activities increased to ¥1,837,907,902.16, up 16.73% from ¥1,574,753,615.13 in the previous year[25] - The cash inflow from investment activities in the first three quarters of 2025 was ¥3,063,289,443.24, significantly higher than ¥757,880,016.59 in the same period of 2024[33] - The net cash flow from investing activities was 1,348,130,128.61, compared to a negative cash flow of -1,331,396,421.21 in the previous period[34] - Total cash inflow from financing activities was ¥2,567,552,399.10, significantly higher than ¥295,103,330.24 in the previous year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,666[12] - The basic earnings per share for the quarter was ¥0.25, reflecting a 27.41% increase year-on-year[5] - The company reported a basic earnings per share of ¥0.66 for the first three quarters of 2025, up from ¥0.60 in the same period of 2024[22] Operational Metrics - The company processed a total of 11.77 million tons of waste in 2025, which is a year-on-year growth of 3.68%[14] - The total electricity generated by the company reached 4.64 billion kWh, reflecting a year-on-year increase of 3.10%[14] - The company sold 805,400 tons of steam, achieving a growth of 15.49% compared to the previous year[14] Investment and R&D - The company's research and development expenses for the first three quarters of 2025 were ¥6,184,065.32, compared to ¥2,218,015.75 in the same period of 2024, reflecting an increase in R&D investment[32] Accounting Standards - The company will not apply new accounting standards starting from 2025[35]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 3,588,824,286.68, a decrease of 10.81% compared to the same period last year[3]. - The total profit for the period was CNY 226,364,455.31, reflecting a slight increase of 1.80% year-on-year[3]. - Net profit attributable to shareholders was CNY 217,399,430.08, up by 2.82% compared to the previous year[3]. - The net profit after deducting non-recurring gains and losses reached CNY 231,238,806.35, marking a significant increase of 17.90%[3]. - Total operating revenue for the first three quarters of 2025 was CNY 11.63 billion, a decrease of 10.57% compared to CNY 13.00 billion in the same period of 2024[17]. - Net profit for the first three quarters of 2025 reached CNY 1.00 billion, an increase of 8.66% compared to CNY 922.93 million in 2024[18]. - Basic earnings per share for the first three quarters of 2025 were CNY 2.26, compared to CNY 2.11 in the same period of 2024[18]. - The basic earnings per share for the period was CNY 0.50, an increase of 4.17% year-on-year[3]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 19,403,489,912.52, a decrease of 1.21% from the end of the previous year[4]. - As of September 30, 2025, the company's total assets amounted to approximately 19.40 billion RMB, a slight decrease from 19.64 billion RMB at the end of 2024[12][14]. - The company's current assets totaled approximately 7.56 billion RMB, down from 7.94 billion RMB at the end of 2024, indicating a decrease of about 4.8%[12][14]. - The company's total liabilities were approximately 11.41 billion RMB, down from 12.06 billion RMB at the end of 2024, representing a decrease of about 5.5%[14]. - The company's equity attributable to shareholders reached approximately 7.88 billion RMB, an increase from 7.47 billion RMB at the end of 2024, showing a growth of about 5.5%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,359,284,967.62, down by 10.77% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 1.36 billion, a decrease of 10.76% from CNY 1.52 billion in 2024[20]. - Cash flow from investing activities generated a net inflow of CNY 9.89 million in 2025, compared to a net outflow of CNY 490.39 million in 2024[21]. - Cash flow from financing activities resulted in a net outflow of CNY 1.21 billion in 2025, compared to a net outflow of CNY 880.13 million in 2024[21]. - The total cash and cash equivalents at the end of the first three quarters of 2025 was CNY 1.51 billion, slightly down from CNY 1.62 billion at the end of 2024[21]. Dividends and Shareholder Equity - The company plans to implement a mid-term dividend for the fiscal year 2025, with a net profit of CNY 773,814,788.36 attributable to shareholders for the first half of the year[9]. - The company plans to distribute a cash dividend of 1.589 RMB per 10 shares (tax included), totaling approximately 0.7 million RMB, which accounts for 9.04% of the net profit attributable to shareholders for the first half of 2025[10]. - Shareholders' equity attributable to the parent company increased by 5.45% to CNY 7,879,844,189.06 compared to the previous year[4]. Operational Changes - The company has received notifications regarding equity changes from shareholders, indicating ongoing restructuring efforts within its subsidiaries[11]. - The company continues to operate without a controlling shareholder or actual controller, maintaining its status as a non-controlling enterprise[11]. Other Financial Metrics - The weighted average return on equity decreased by 0.23 percentage points to 2.80%[3]. - The company reported accounts receivable of approximately 354.84 million RMB, a decrease from 404.27 million RMB at the end of 2024, indicating a decline of about 12.2%[12]. - The company's inventory was approximately 1.51 billion RMB, down from 1.74 billion RMB at the end of 2024, reflecting a decrease of about 13.3%[12][13]. - The company reported an investment income of CNY 556.46 million for the first three quarters of 2025, compared to CNY 481.11 million in 2024[17]. - The company experienced a foreign exchange gain of CNY 18.74 million in 2025, contrasting with a loss of CNY 4.78 million in 2024[17].

Financial Performance - Total revenue for Q3 2025 was CNY 7,052,109,988.46, a decrease of 10.31% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 71,953,036.83, down 73.78% year-on-year[3] - The total profit for the year-to-date was CNY 714,749,681.17, reflecting a decline of 72.16% compared to the previous year[3] - Basic earnings per share for Q3 2025 was CNY 0.0033, a decrease of 73.39% from the same period last year[3] - The net profit attributable to shareholders for the year-to-date decreased by 86.48% compared to the same period last year[3] - Net profit for the first three quarters of 2025 was CNY 390.33 million, a decline of 78.5% from CNY 1.81 billion in 2024[22] - Operating profit for the first three quarters of 2025 was CNY 646.78 million, a decrease of 75.1% compared to CNY 2.59 billion in 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.009, down from CNY 0.066 in 2024[22] Revenue and Sales - For the period from January to September 2025, the company's electricity business generated 31.429 billion kWh and sold 29.812 billion kWh, resulting in revenue of 13.052 billion RMB[8] - The coal business produced 11.331 million tons of raw coal and sold 11.390 million tons, with external sales accounting for 7.4902 million tons and internal sales for 3.9003 million tons, generating revenue of 4.213 billion RMB[8] - The company achieved total revenue of 17.728 billion RMB, with a total profit of 715 million RMB and a net profit attributable to shareholders of 198 million RMB, alongside a net cash flow from operating activities of 4.450 billion RMB[8] - Total operating revenue for the first three quarters of 2025 was CNY 17.73 billion, a decrease of 20.5% compared to CNY 22.38 billion in the same period of 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 4,449,714,260.00, a decrease of 7.51% compared to the previous year[3] - The company’s cash flow from operating activities was notably strong at 4.450 billion RMB, indicating robust operational efficiency[8] - The cash inflow from operating activities was CNY 18,914,517,577.68, a decrease of 10.5% compared to CNY 21,154,099,572.98 in the same period of 2024[24] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 4,449,714,260.00, down from CNY 4,810,870,895.48 in 2024, reflecting a decline of 7.5%[24] - The cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 1,248,543,686.16, a decrease from CNY 1,271,326,230.73 at the end of the same period in 2024[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 108,332,801,905.76, an increase of 0.52% from the end of the previous year[3] - The company reported a total asset of CNY 108.33 billion, an increase from CNY 107.78 billion in the previous period[19] - Total liabilities amounted to CNY 56.23 billion, slightly up from CNY 55.74 billion in the previous period[19] - Current liabilities increased to CNY 26.99 billion, compared to CNY 24.59 billion in the previous period, reflecting a rise of 9.8%[19] - Long-term borrowings decreased to CNY 13.83 billion from CNY 15.06 billion, a reduction of 8.2%[19] Operational Efficiency - The company implemented significant equipment upgrades, resulting in a 65.53% reduction in equipment defects and achieving historical best rates for defect elimination and timeliness[10] - The company’s coal-fired power plants maintained high generation levels during the summer peak, contributing to local power supply stability while achieving good economic benefits[10] - The coal business has improved coal recovery rate by 1.05% in Q3 compared to Q2, enhancing overall efficiency[11] Innovations and Projects - The company’s Singapore subsidiary developed a new solid-state cathode material that can reduce electrolyte costs by 40%-60% compared to traditional methods, with potential further reductions[11] - The 1.2 generation 32kW stack product is set to achieve national certification in April 2024, with energy efficiency exceeding 80%[12] - The Haizetang coal mine project has completed 70% of its second-phase construction by September 2025, with plans for trial production to start in July 2026[13] - The company has established a total of 26 energy storage patents by September 2025, reflecting significant innovation in vanadium flow battery technology[12] Investments and Acquisitions - The company has completed a capital increase of USD 2.19 million for its subsidiary Huaxin Energy (Australia) in August 2025[15] - The company acquired a 24.4952% stake in Shanxi Lingshi Xinyi Tianyue Coal Industry Co., Ltd. for CNY 240 million in July 2025[16] Tax and Expenses - The company received CNY 35,303,183.43 in tax refunds during the first three quarters of 2025, slightly down from CNY 37,114,511.67 in 2024[24] - The cash outflow for purchasing goods and services was CNY 9,240,234,086.68 in 2025, down from CNY 10,708,872,732.14 in 2024, indicating a decrease of 13.7%[24] - The cash paid to employees was CNY 2,111,655,840.33 in 2025, a decrease from CNY 2,310,765,325.45 in 2024, reflecting a decline of 8.6%[24]

Financial Performance - The company's operating revenue for Q3 2025 was ¥435,103,726.90, a decrease of 16.44% compared to the same period last year[2] - The total profit for the period was a loss of ¥4,703,705.80, representing a decline of 111.19% year-on-year[2] - The net profit attributable to shareholders was ¥6,731,162.73, down 85.40% from the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥2,108,189.44, a decrease of 93.90% year-on-year, primarily due to a decline in business orders as the home furnishing retail market is still recovering[6] - The basic earnings per share for the period was ¥0.02, down 86.67% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2025 was approximately ¥1.27 billion, a decrease of 12.4% compared to ¥1.44 billion in the same period of 2024[15] - Net profit for the first three quarters of 2025 was approximately ¥30.72 million, a decline of 66.3% from ¥90.96 million in 2024[16] - Basic earnings per share for the first three quarters of 2025 were ¥0.10, down from ¥0.29 in 2024[17] - The company recorded a total comprehensive income of approximately ¥30.34 million for the first three quarters of 2025, down from ¥86.75 million in 2024[16] Assets and Liabilities - The total assets at the end of the period were ¥3,852,882,714.93, a decrease of 19.03% from the end of the previous year[3] - As of September 30, 2025, the total assets of the company amounted to RMB 3,852,882,714.93, a decrease from RMB 4,758,594,752.94 as of December 31, 2024[11] - The company's current assets totaled RMB 1,386,187,445.09, down from RMB 2,292,822,036.73 in the previous period[11] - The company's inventory stood at RMB 287,271,079.68, a decline from RMB 324,928,719.11[12] - Total non-current assets were reported at RMB 2,466,695,269.84, slightly up from RMB 2,465,772,716.21[12] - Accounts receivable decreased to RMB 171,002,709.65 from RMB 193,694,673.08[11] - The company's total liabilities included accounts payable of RMB 171,405,904.21, down from RMB 194,689,787.51[12] - Contract liabilities were reported at RMB 246,158,289.63, a decrease from RMB 485,273,620.40[12] - The company has no short-term borrowings as of the latest report[12] - The company reported a total liability of approximately ¥685.19 million as of the end of the reporting period[15] Cash Flow - The net cash flow from operating activities for the year-to-date was a negative ¥135,628,183.04, a significant decline of 5,112.42%[2] - Cash flow from operating activities for the first three quarters of 2025 was negative at approximately -¥135.63 million, compared to a positive cash flow of ¥2.71 million in 2024[17] - The company’s cash inflow from operating activities was approximately ¥1.19 billion, compared to ¥1.55 billion in the same period of 2024[17] - Cash inflow from investment activities totaled $4,063,328,032.91, a decrease of 2.87% from $4,183,124,685.04[18] - Net cash outflow from investment activities was $523,133,161.61, compared to a negative cash flow of $231,282,535.73 in the previous period[18] - Cash inflow from financing activities amounted to $20,540,526.58, down from $4,390,068.04, indicating a significant decline[18] - Net cash outflow from financing activities was -$673,245,638.66, worsening from -$95,457,088.05 in the prior period[18] - The net increase in cash and cash equivalents was -$285,643,290.90, compared to -$323,820,367.52 previously[18] - The ending balance of cash and cash equivalents stood at $201,853,071.86, up from $155,991,869.08[18] Equity and Investments - The equity attributable to shareholders increased slightly to ¥3,147,516,699.30, up 0.66% from the end of the previous year[3] - Total equity attributable to shareholders was approximately ¥3.15 billion, showing a slight increase from ¥3.13 billion in the previous year[15] - Research and development expenses for the first three quarters of 2025 were approximately ¥64.84 million, a decrease of 16.6% from ¥77.77 million in 2024[15] - Cash received from investment in subsidiaries was $20,000,000.00, a significant increase from $548,822.00[18] - Cash paid for the acquisition of fixed assets and intangible assets was $24,259,091.30, down from $50,507,220.77[18] Accounting Standards - The company will not apply new accounting standards starting from 2025[19]