浙江力聚热能装备股份有限公司2025 年第三季度报告 证券代码：603391 证券简称：力聚热能 浙江力聚热能装备股份有限公司 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。 1 / 12 浙江力聚热能装备股份有限公司2025 年第三季度报告 | 量净额 | | | | | | | --- | --- | --- | --- | --- | --- | | 基本每股收益（元/股） | 0.04 | -94.81 | 0.62 | | -68.04 | | 稀释每股收益（元/股） | 0.04 | -94.81 | 0.62 | | -68.04 | | 加权平均净资产收益率 | 0.21 | 减少 个 3.42 | 2.68 | 减少 7.86 | 个百 | | （%） | | 百分点 | | | 分点 | | | 本报告期末 | | 上 ...

Financial Performance - The company's operating revenue for the third quarter was ¥2,618,529,936.49, a decrease of 28.67% compared to the same period last year[4] - The total profit for the quarter was -¥370,249,728.30, reflecting a decline of 31.44% year-on-year[4] - The net profit attributable to shareholders was -¥283,941,263.37, down 44.32% from the previous year[4] - The basic earnings per share for the quarter was -¥0.14, a decrease of 44.32% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 7,852,366,583.91, a decrease of 31.5% compared to CNY 11,420,265,926.59 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was a loss of CNY 945,934,680.29, compared to a loss of CNY 808,203,104.03 in the same period of 2024[16] - The net profit attributable to the parent company was -746,276,348.04 CNY, compared to -642,319,791.92 CNY in the previous period, indicating a decline of approximately 16.2%[17] - The total comprehensive income attributable to the parent company was -746,314,599.12 CNY, compared to -641,311,888.56 CNY in the previous period, reflecting a decrease of about 16.4%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥29,793,449.99, an increase of 174.58% compared to the same period last year[4] - The net cash flow from operating activities was 29,793,449.99 CNY, a significant improvement from -39,946,416.68 CNY in the same period last year[18] - Cash received from the sale of goods and services was 7,352,512,985.20 CNY, down 26.3% from 9,962,164,215.68 CNY in the previous year[18] - Cash outflow for purchasing goods and services was 6,217,220,147.03 CNY, a decrease of 26.1% compared to 8,415,503,434.15 CNY in the previous year[19] - The net cash flow from investing activities was -69,616,720.25 CNY, an improvement from -373,430,064.46 CNY in the previous year[19] - Cash inflow from financing activities totaled 7,432,201,483.61 CNY, an increase of 56.2% from 4,754,791,867.34 CNY in the previous year[19] - The net increase in cash and cash equivalents was 56,173,510.46 CNY, compared to 142,946,369.00 CNY in the previous year[19] - The ending balance of cash and cash equivalents was 107,480,897.62 CNY, down from 290,337,254.25 CNY in the previous year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥19,411,167,167.04, a decrease of 6.96% from the end of the previous year[5] - Total assets as of September 30, 2025, were CNY 19,411,167,167.04, a decrease from CNY 20,863,555,247.51 at the end of 2024[14] - Total liabilities as of September 30, 2025, were CNY 12,038,296,112.77, compared to CNY 12,537,762,629.72 at the end of 2024[14] - The company's total equity as of September 30, 2025, was CNY 7,372,871,054.27, down from CNY 8,325,792,617.79 at the end of 2024[14] - The equity attributable to shareholders decreased by 11.80% to ¥5,638,563,387.88 compared to the previous year[5] Inventory and Expenses - The company's inventory as of September 30, 2025, was CNY 609,707,072.70, a decrease from CNY 1,357,275,971.08 at the end of 2024[13] - The company reported a significant increase in financial expenses, totaling CNY 212,114,694.12 for the first three quarters of 2025, compared to CNY 250,564,403.29 in 2024[16] Non-Recurring Items - Non-recurring gains and losses for the quarter totaled ¥1,099,304.86, with government subsidies being a significant component[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,386[10] Accounting Standards - The company did not apply new accounting standards starting from 2025[20] Sales Performance - The company's main products experienced a decline in both sales volume and prices, contributing to the revenue drop[8]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,741,457,187.31, representing a year-on-year increase of 6.54%[4] - The total profit for the year-to-date period decreased by 49.27% to ¥78,688,762.87[9] - The net profit attributable to shareholders for the year-to-date period was ¥67,169,510.24, down 49.45% compared to the previous year[4] - The company reported a significant decline in the net profit after deducting non-recurring gains and losses, which fell by 55.71% to ¥51,152,745.52 for the year-to-date period[9] - Total operating revenue for the first three quarters of 2025 was CNY 4,842,944,654.68, a decrease of 3.82% compared to CNY 5,035,934,491.36 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 67,169,510.24, a decline of 49.5% from CNY 132,879,066.43 in the same period of 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.13, compared to CNY 0.26 in 2024[20] Cash Flow - The net cash flow from operating activities for the current period was ¥53,020,619.43, showing a significant improvement from a negative cash flow of ¥1,023,448,887.92 in the previous year[4] - In the first three quarters of 2025, the net cash flow from operating activities was -1,023,448,887.92, compared to -3,280,972,325.14 in the same period of 2024, showing an improvement[21] - Cash inflow from operating activities totaled 5,872,086,351.25 in 2025, while cash outflow was 6,895,535,239.17, resulting in a net cash flow deficit[21] - The net cash flow from financing activities was -716,016,591.57 in 2025, contrasting with a positive net cash flow of 2,531,000,889.08 in 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,403,636,167.09, an increase of 8.30% from the previous year[5] - The equity attributable to shareholders decreased by 3.33% to ¥2,471,283,980.23 compared to the end of the previous year[5] - Total liabilities increased to CNY 5,932,352,186.86 in 2025 from CNY 5,202,969,696.65 in 2024, marking an increase of 14.05%[17] - The company’s total assets reached CNY 8,403,636,167.09 in 2025, up from CNY 7,759,261,204.30 in 2024, reflecting a growth of 8.29%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,090[11] - The company has a shareholding structure where Zhejiang Huada Group holds 57.65% of the shares, indicating a strong control over the company[12] Operational Metrics - The company's current assets totaled ¥6,763,932,475.66, compared to ¥6,477,268,674.73 at the end of 2024, indicating an increase of about 4.4%[15] - Accounts receivable rose significantly to ¥105,786,171.94 from ¥41,608,399.98, marking an increase of about 154.5%[14] - Inventory increased to ¥1,560,892,236.80 from ¥1,040,246,124.07, which is an increase of approximately 50%[15] - Short-term borrowings decreased to ¥2,209,091,833.34 from ¥2,648,761,588.86, a reduction of about 16.6%[15] - Accounts payable increased to ¥3,376,810,000.00 from ¥2,150,050,000.00, reflecting a growth of approximately 57%[15] - The company reported a significant increase in prepayments, which rose to ¥884,843,636.28 from ¥551,182,165.94, an increase of about 60.5%[14] - The total non-current assets amounted to ¥1,639,703,691.43, up from ¥1,281,992,529.57, indicating a growth of approximately 28%[15] Expenses and Subsidies - The company received government subsidies amounting to ¥1,324,854.16 during the current period, contributing to its financial performance[7] - Research and development expenses for the first three quarters of 2025 were CNY 159,363,748.75, slightly down from CNY 160,877,681.08 in 2024[18] Cash and Investment Activities - Cash and cash equivalents decreased to ¥3,888,264,741.52 from ¥4,663,617,213.06, representing a decline of approximately 16.5%[14] - The ending cash and cash equivalents balance for 2025 was 776,438,391.59, a decrease from 2,201,706,198.92 in 2024[22] - Investment activities generated a net cash flow of -145,786,853.92 in 2025, a decline from a positive net cash flow of 1,138,479,612.01 in 2024[22] - Cash inflow from investment activities was 7,269,222,202.82 in 2025, significantly higher than 3,295,619,149.24 in 2024[22] Accounting Standards - The company has adopted new accounting standards starting in 2025, which may affect the financial statements[23]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,342,289,993.55, a decrease of 11.90% compared to the same period last year[2]. - The total profit for the period was a loss of ¥43,216,584.34, with a year-to-date loss of ¥322,883,167.62[2]. - The net profit attributable to shareholders was a loss of ¥48,960,462.83 for the quarter, and a loss of ¥349,690,500.12 year-to-date[2]. - The basic earnings per share for the quarter was -¥0.035, and -¥0.252 year-to-date[2]. - The weighted average return on net assets was -1.65%, an increase of 10.83 percentage points compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2025 was ¥4,170,908,311.04, a decrease of 20.3% compared to ¥5,235,569,406.53 in the same period of 2024[18]. - The net loss for the first three quarters of 2025 was ¥349,690,500.12, an improvement from a net loss of ¥1,263,219,574.56 in the same period of 2024[19]. - The basic earnings per share for the first three quarters of 2025 was -¥0.25, an improvement from -¥0.91 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥112,980,815.41, a decrease of 5.3% from ¥119,371,302.59 in 2024[28]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥403,940,710.68[2]. - Cash flow from operating activities showed a net outflow of ¥403,940,710.68, compared to a net outflow of ¥1,288,818,937.88 in the previous year, indicating a significant reduction in cash burn[20]. - Cash and cash equivalents at the end of the period were ¥4,055,338,854.25, down from ¥4,318,337,813.36 at the end of the same period in 2024[22]. - Cash flow from operating activities for the first three quarters of 2025 was ¥3,407,439,825.55, down from ¥3,581,406,239.53 in 2024, a decrease of 4.9%[29]. - The net cash flow from operating activities was -$295.86 million, compared to -$226.09 million in the previous period, indicating a decline of approximately 31%[30]. - The ending balance of cash and cash equivalents was $3.91 billion, compared to $3.78 billion, showing an increase of about 3.5%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,302,783,261.73, an increase of 0.57% from the previous year-end[3]. - The equity attributable to shareholders decreased by 10.10% to ¥3,162,541,555.57 compared to the previous year-end[3]. - The company's current liabilities totaled CNY 9,828,101,219.45, an increase from CNY 9,240,405,322.37 in the previous year[16]. - The company's total liabilities reached CNY 10,140,241,706.16, compared to CNY 9,710,374,709.16 in the previous year[16]. - Total assets as of September 30, 2025, amounted to ¥11,142,735,514.78, up from ¥10,289,270,106.97 at the end of 2024, indicating a growth of 8.3%[25]. - Total liabilities increased to ¥4,549,906,796.55 as of September 30, 2025, compared to ¥3,803,488,789.51 at the end of 2024, representing a rise of 19.6%[25]. - The total equity as of September 30, 2025, was ¥6,592,828,718.23, an increase from ¥6,485,781,317.46 at the end of 2024, reflecting a growth of 1.6%[25]. Investment and Restructuring - The company invested CNY 666,363,636.36 to participate in the restructuring of SAIC Hongyan, aiming to acquire a target equity stake of 14.66% post-restructuring[11]. - The total investment from the consortium in the restructuring of SAIC Hongyan is CNY 3 billion, with an expected target equity stake of 66% post-restructuring[11]. - The restructuring plan, once approved by the court, is projected to result in a profit impact exceeding 50% of the company's audited net profit attributable to shareholders for the fiscal year 2024[12]. - The restructuring process is ongoing, with potential risks related to market and management that could affect the company's financial performance[13]. - The company aims to optimize its debt structure and alleviate operational pressure through the restructuring of SAIC Hongyan[12]. Operating Costs and Expenses - Total operating costs decreased to ¥4,554,173,680.35 from ¥5,994,009,384.95, representing a reduction of 24.1%[18]. - Research and development expenses for the first three quarters of 2025 were ¥194,651,663.38, slightly down from ¥212,072,418.17 in 2024[18]. - Research and development expenses for the first three quarters of 2025 were ¥161,352,243.10, an increase of 20.2% from ¥134,288,529.39 in 2024[27]. - The company reported a decrease in sales expenses to ¥55,261,134.09 in 2025 from ¥123,508,481.60 in 2024, a reduction of 55.2%[27]. - Payments to employees and for employee benefits amounted to $341.59 million, up from $332.01 million, reflecting an increase of approximately 3%[30]. - Payments for various taxes totaled $38.45 million, significantly higher than $13.02 million, representing an increase of about 195%[30].

Financial Performance - The company's operating revenue for Q3 2025 reached ¥5,920,668,855.25, representing a year-on-year increase of 3.65%[3] - Total profit for the period was ¥198,105,467.85, reflecting a growth of 17.21% compared to the same quarter last year[3] - Net profit attributable to shareholders was ¥144,530,730.75, up 13.87% year-on-year[3] - Basic earnings per share for the quarter were ¥0.07, an increase of 16.67% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached CNY 17.78 billion, an increase of 10.5% compared to CNY 16.09 billion in the same period of 2024[16] - Net profit for the first three quarters of 2025 was CNY 471.10 million, representing a 10.3% increase from CNY 427.11 million in 2024[17] - The total comprehensive income for the period was CNY 465.05 million, compared to CNY 423.01 million, reflecting a growth of 9.9%[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,425,905,910.24, showing a significant increase of 306.13%[3][7] - The net cash flow from operating activities for the first three quarters of 2025 was approximately ¥1.43 billion, compared to a negative net cash flow of ¥691.76 million in the same period of 2024, indicating a significant improvement[19] - Total cash inflow from operating activities increased to approximately ¥18.81 billion in 2025, up from ¥16.36 billion in 2024, reflecting a growth of about 14.9%[19] - The cash outflow from operating activities was approximately ¥17.39 billion in 2025, slightly higher than ¥17.05 billion in 2024, resulting in a net cash flow from operating activities of ¥1.43 billion[19] - Cash inflow from investment activities for the first three quarters of 2025 was approximately ¥1.19 billion, compared to ¥559.36 million in 2024, marking an increase of about 112%[20] - The net cash flow from investment activities was approximately ¥139.83 million in 2025, a recovery from a negative cash flow of ¥193.97 million in 2024[20] - Cash inflow from financing activities decreased to approximately ¥3.15 billion in 2025 from ¥3.99 billion in 2024, a decline of about 21%[20] - The net cash flow from financing activities was negative at approximately ¥822.18 million in 2025, contrasting with a positive cash flow of ¥1.02 billion in 2024[20] - The total cash and cash equivalents at the end of the third quarter of 2025 stood at approximately ¥1.45 billion, an increase from ¥1.16 billion at the end of the same period in 2024[20] - The company reported a cash inflow from the recovery of investments of approximately ¥1.18 billion in 2025, significantly higher than ¥536.54 million in 2024[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥14,153,307,058.06, a 12.09% increase from the end of the previous year[4] - Shareholders' equity attributable to the parent company was ¥6,100,546,529.38, up 5.92% from the previous year-end[4] - Total liabilities increased to CNY 7.91 billion in 2025 from CNY 6.74 billion in 2024, reflecting a growth of 17.2%[15] - Shareholders' equity rose to CNY 6.25 billion, up from CNY 5.89 billion, marking an increase of 6.0%[15] - Current liabilities decreased from RMB 3,566,506,403.52 to RMB 3,130,334,738.54, a reduction of approximately 12.2%[13] Investments and Expenses - Research and development expenses for the first three quarters were CNY 85.52 million, compared to CNY 81.03 million in the previous year, indicating a growth of 5.8%[16] - The company reported an investment income of CNY 12.21 million, up from CNY 8.95 million, a significant increase of 36.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,330[9] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[11] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year of first execution[21]

成都先导药物开发股份有限公司 2025 年第三季度报告 证券代码：688222 证券简称：成都先导 成都先导药物开发股份有限公司 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 | 142,781,751.65 | 37.89 | 36 ...

Financial Performance - The company's revenue for the third quarter reached ¥129,268,465.97, an increase of 20.12% compared to the same period last year[5] - Total profit for the quarter was ¥11,116,165.11, representing an 88.45% increase year-over-year[5] - Net profit attributable to shareholders was ¥12,050,465.55, up 84.30% from the previous year[5] - The net profit excluding non-recurring gains and losses for the quarter was ¥11,741,850.25, a significant increase of 188.56% compared to the same period last year[5] - Basic earnings per share for the quarter were ¥0.0687, an increase of 81.75% year-over-year[6] - The weighted average return on equity for the year-to-date period was 11.77%, up from 6.63% in the previous year[6] - Net profit for the first three quarters of 2025 reached CNY 114,585,804.39, an increase of 162.3% from CNY 43,685,081.44 in 2024[24] - The profit attributable to shareholders of the parent company was CNY 119,461,389.27, up from CNY 48,404,833.81 in the previous year[25] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.6808, compared to CNY 0.2768 in 2024[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,841,943,326.23, reflecting a growth of 16.38% from the end of the previous year[6] - Total assets increased to CNY 1,841,943,326.23 in 2025 from CNY 1,582,650,273.98 in 2024, reflecting a growth of 16.4%[21] - Total liabilities rose to CNY 661,869,364.15 in 2025, compared to CNY 554,056,967.53 in 2024, marking an increase of 19.5%[21] - Non-current assets totaled CNY 746,030,586.96 in 2025, up from CNY 641,654,430.68 in 2024, indicating a growth of 16.3%[21] - Long-term equity investments increased to RMB 216,242,313.35 from RMB 93,751,008.39 at the end of 2024[19] Cash Flow - The company reported a net cash flow from operating activities of ¥40,476,754.39, a substantial increase of 1,565.85% year-to-date[5] - Operating cash flow for the first nine months increased to $40,476,754.39 from $2,429,799.26, representing a significant improvement[30] - Cash inflow from operating activities totaled $452,762,656.37, up from $404,935,950.34, indicating a growth of approximately 11.5%[30] - Cash outflow from investing activities was $203,530,027.94, compared to $139,534,521.09, reflecting an increase of about 45.9%[31] - Net cash flow from financing activities rose to $148,135,396.94 from $34,823,761.71, showing a substantial increase of over 325%[31] - The company reported a net increase in cash and cash equivalents of $109,933,736.30, contrasting with a decrease of $99,964,407.52 in the previous period[31] - Total cash and cash equivalents at the end of the period reached $258,874,568.74, compared to $173,895,222.29 at the end of the previous period[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,846[13] - Wang Wei holds 71,650,862 shares, representing 40.83% of the total shares, with 12,000,000 shares pledged[13] Business Operations - The company has delivered 79 batches of solid-state electrolyte powder materials to 48 customers and 106 batches of new silicon-carbon anode materials to 38 customers from January to September 2025[15] - The company is focusing on advancing its battery materials business in the new energy sector while maintaining stable growth in traditional water treatment operations[15] - The company has not identified any significant impact on its overall performance from the new business segments introduced[15] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[32]

Financial Performance - The company's operating revenue for the third quarter reached ¥927,743,704.64, an increase of 8.86% compared to the same period last year[5] - Total profit for the quarter was ¥67,672,256.09, representing a significant increase of 147.77% year-over-year[5] - Net profit attributable to shareholders was ¥59,440,094.46, up 128.27% from the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥49,750,257.52, reflecting a growth of 100.30% year-over-year[5] - The increase in profits is primarily attributed to growth in sales revenue, foreign exchange gains from the appreciation of the RMB against the Euro, and increased VAT deductions[10] - The net profit attributable to shareholders for the current reporting period is 53.71 million RMB, primarily due to increased sales revenue and foreign exchange gains from the appreciation of RMB against the Euro[11] - The net profit attributable to shareholders for the year-to-date period is 100.30 million RMB, driven by sales revenue growth and the reversal of bad debt provisions[11] - Basic and diluted earnings per share for the current reporting period are both 125 RMB, reflecting an increase in profit[11] - Total operating revenue for the first three quarters of 2025 reached ¥2,873,216,748.20, an increase of 15.9% compared to ¥2,479,219,434.00 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥158,606,205.82, representing a significant increase of 56.5% compared to ¥101,260,542.34 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the quarter amounted to ¥3,474,256,301.46, a slight increase of 1.16% from the end of the previous year[6] - The company's total assets as of the end of the reporting period were ¥3,474,256,301.46, slightly up from ¥3,434,488,537.37 in the previous year[18] - Total liabilities decreased to ¥1,857,323,533.16 from ¥1,964,046,416.90, marking a reduction of approximately 5.4%[17] - Shareholders' equity attributable to the company reached ¥1,616,932,768.30, marking a 9.96% increase compared to the previous year[6] - The equity attributable to shareholders of the parent company increased to ¥1,616,932,768.30 from ¥1,470,442,120.47, reflecting a growth of 9.9%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥347,839,665.84, an increase of 283.63%[5] - Operating cash flow for the year-to-date period is 283.63 million RMB, mainly due to an increase in sales collections[11] - Cash inflows from operating activities totaled CNY 2,619,694,464.81, an increase from CNY 2,376,565,499.79 in the previous year, representing a growth of 10.23%[24] - The net cash flow from operating activities was CNY 347,839,665.84, compared to CNY 90,670,010.46 in the same period last year, showing a substantial increase[25] - Cash inflows from financing activities were CNY 788,116,059.44, compared to CNY 610,132,672.00 in the previous year, indicating an increase of 28.95%[25] - The net cash outflow from financing activities was CNY -243,991,052.41, a decline from CNY 95,330,648.12 in the previous year, reflecting a change in financing strategy[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 59,781[13] - The largest shareholder, Leqing Lixin Holdings Co., Ltd., holds 28.21% of the shares, totaling 91,479,526 shares[13] Expenses and Income - Research and development expenses for the first three quarters of 2025 amounted to ¥103,959,081.60, compared to ¥97,272,188.19 in 2024, indicating a growth of 6.9%[20] - The company reported a financial expense of ¥10,363,354.76, which decreased significantly from ¥24,764,074.12 in the previous year, indicating improved cost management[20] - The company’s other income increased to ¥28,871,291.77 from ¥15,851,628.10, showing a growth of 82.0% year-over-year[21] - The company received CNY 605,998.86 in investment income, a decrease from CNY 9,200,000.00 in the previous year, indicating challenges in investment returns[25] Comprehensive Income - The total comprehensive income for the period reached CNY 159,578,516.56, compared to CNY 97,122,332.55 in the previous year, reflecting a significant increase[22] - Basic and diluted earnings per share were both CNY 0.49, up from CNY 0.32 in the same period last year, indicating a growth of 53.13%[22] Other Financial Metrics - Non-recurring gains and losses for the quarter totaled ¥9,689,836.94, with significant contributions from government subsidies and fair value changes[8] - Accounts receivable increased to 999.24 million RMB, compared to 1.10 billion RMB in the previous year, indicating a rise in sales revenue[15] - Other receivables amount to 238.06 million RMB, primarily due to the return of rental deposits from the previous period[11] - The company reported a significant increase in operating income of 631.82 million RMB, attributed to the settlement of long-term payables[11] - The company has seen an increase in contract liabilities to 42.64 million RMB, indicating a rise in customer prepayments[11] Accounting Standards - The company has not applied new accounting standards for the current reporting period, maintaining consistency in financial reporting[27]

Revenue and Profitability - Revenue for Q3 2025 reached ¥252,512,584.30, representing a 20.62% increase year-over-year, while total revenue for the first nine months was ¥735,638,600.06, up 30.56% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2025 was ¥27,223,552.59, an 18.43% increase year-over-year, with a total net profit of ¥92,777,048.98 for the first nine months, reflecting a 30.79% growth[3] - Basic earnings per share for Q3 2025 were ¥0.0479, up 17.69% year-over-year, while diluted earnings per share were ¥0.0476, an increase of 16.95%[3] - Total operating revenue increased to ¥735,638,600.06, up 30.5% from ¥563,435,989.33 in the previous period[26] - Net profit for the period reached ¥98,334,622.40, a 39.7% increase compared to ¥70,415,225.52 in the prior period[27] - The total comprehensive income for the period was ¥98,334,622.40, an increase from ¥70,415,225.52 in the previous period[28] - Basic earnings per share increased to ¥0.1634 from ¥0.1257 year-over-year[28] Assets and Liabilities - Total assets as of the end of Q3 2025 amounted to ¥3,006,451,464.96, a 3.16% increase from the end of the previous year[3] - Non-current assets totaled ¥768,352,374.63, an increase from ¥615,051,138.86, showing growth in long-term investments[24] - Total liabilities amounted to ¥993,446,880.92, up from ¥964,120,390.96, indicating a rise in financial obligations[24] - The company's equity increased to ¥2,013,004,584.04 from ¥1,950,100,710.23, reflecting a solid capital position[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥8,558,793.46, a decrease of 38.42% compared to the same period last year[3] - Cash inflow from operating activities was ¥608,576,564.26, compared to ¥559,530,915.86 in the previous period, reflecting a growth of approximately 8.7%[28] - The net cash flow from operating activities decreased to ¥8,558,793.46 from ¥13,899,523.05, indicating a decline of about 38.2%[28] - Cash inflow from investment activities totaled ¥501,695,006.14, up from ¥289,856,789.24, representing an increase of approximately 73%[29] - The net cash flow from investment activities was negative at -¥254,056,179.01, worsening from -¥112,857,112.02 in the previous period[29] - Cash inflow from financing activities was ¥457,626,512.70, compared to ¥342,425,215.30, marking an increase of about 33.7%[29] - The net cash flow from financing activities improved to ¥68,452,840.92 from -¥54,572,033.73, indicating a significant turnaround[29] - The ending balance of cash and cash equivalents was ¥161,234,687.14, up from ¥125,414,769.28 in the previous period[29] Investments and Expenses - The company reported a significant increase in investment income of 2983.28%, reaching ¥1,803,656.95, primarily due to higher returns from bank wealth management products[12] - The company’s management expenses rose by 83.44% to ¥172,179,172.53, mainly due to increased share-based payments and personnel costs[12] - Research and development expenses were ¥110,367,198.35, slightly up from ¥109,172,986.23, indicating continued investment in innovation[26] - The company recorded an investment income of ¥1,803,656.95, significantly higher than ¥58,497.95 from the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,808[16] - Chengdu Guoteng Electronics Group Co., Ltd. holds 29.21% of shares, totaling 165,860,000 shares[16] - The second-largest shareholder, the mixed securities investment fund managed by China Merchants Bank, holds 4.80% with 27,259,444 shares[16] - Cash dividends distributed increased significantly by 385.94% to ¥50,189,750.48, reflecting the company's commitment to returning value to shareholders[14] Other Information - The construction of the Chuangxin Smart Industrial Park has led to a 391.47% increase in construction in progress, totaling ¥112,637,847.89[10] - The company’s long-term borrowings increased to ¥110,905,698.06, attributed to financing for the Chuangxin Smart Industrial Park[10] - The company adjusted the stock incentive plan's grant price from ¥15.36 to ¥15.29 per share[20] - There are no preferred shareholders or changes in restricted shares reported[18] - The court dismissed the retrial application regarding the controlling shareholder's dissolution dispute[19] - The company's cash and cash equivalents decreased to ¥163,604,687.14 from ¥341,312,231.77[22] - Accounts receivable increased to ¥1,220,512,471.29 from ¥1,069,860,616.33[22] - Inventory decreased to ¥539,631,717.25 from ¥581,770,378.14[22] - The total current assets amount to ¥2,238,099,090.33, down from ¥2,299,169,962.33[22] - Total operating costs rose to ¥618,416,682.68, reflecting a 24.0% increase from ¥499,651,238.68[26] - Deferred tax assets increased to ¥75,444,177.46 from ¥65,606,516.76, suggesting improved tax planning strategies[24] - The company’s third-quarter financial report was not audited[30]

Financial Performance - The company's operating revenue for the third quarter was ¥1,577,522,831.51, a decrease of 10.66% compared to the same period last year[4] - The total profit for the quarter was ¥103,970,180.67, down 52.64% year-on-year[4] - The net profit attributable to shareholders was ¥93,699,027.86, reflecting a decline of 51.86% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥36,494,434.46, a significant drop of 75.90% year-on-year[4] - The basic earnings per share for the quarter was ¥0.11, a decrease of 50.00% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 4,703,065,597.09, a decrease of 9.3% compared to CNY 5,184,684,111.42 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 428,263,855.76, a decline of 30.8% from CNY 618,566,225.42 in 2024[20] - The net profit attributable to shareholders of the parent company was CNY 418,821,410.00, down 32.3% from CNY 618,607,442.75 in the previous year[21] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.47, compared to CNY 0.69 in the same period of 2024[21] - The company reported a net profit of CNY 79,927,057.97 for the first three quarters of 2025, down from CNY 262,616,029.92 in the same period of 2024[29] - Net profit for the first three quarters of 2025 was approximately ¥36.1 million, a decrease of 15.5% compared to ¥42.8 million in the same period of 2024[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,642,456,841.20, a decrease of 1.21% from the end of the previous year[5] - The company's total current assets as of September 30, 2025, amount to ¥4,769,108,319.06, a decrease from ¥5,120,049,404.53 as of December 31, 2024[16] - Total liabilities as of September 30, 2025, are ¥5,518,130,363.96, down from ¥5,927,649,350.42[17] - The company's total assets as of September 30, 2025, are ¥11,642,456,841.20, a slight decrease from ¥11,784,816,808.08[17] - Total liabilities as of the end of the reporting period were CNY 6,369,033,278.00, a decrease from CNY 6,730,152,196.62 in the previous year[18] - Total liabilities increased to CNY 2,364,312,782.74 from CNY 1,747,108,369.30, indicating higher leverage[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,354[12] - The largest shareholder, Fuhua Global Limited, holds 249,600,688 shares, representing 28.04% of total shares[12] - The second-largest shareholder, Jiaxing Chuangyou Investment Management Co., Ltd., holds 150,259,011 shares, representing 16.88%[12] - Total equity attributable to shareholders of the parent company was CNY 5,209,044,798.05, an increase from CNY 4,999,728,292.07 in the previous year[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥585,425,496.32, an increase of 91.75%[4] - Operating cash flow for the first three quarters of 2025 was CNY 585,425,496.32, a significant increase of 91.9% compared to CNY 305,301,114.92 in the same period of 2024[24] - Total cash inflow from operating activities was CNY 4,147,746,826.02, slightly up from CNY 4,117,351,957.21 year-on-year[24] - Cash outflow from operating activities decreased to CNY 3,562,321,329.70 from CNY 3,812,050,842.29, indicating improved operational efficiency[24] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥573.9 million, an increase of 438.5% compared to ¥103.9 million in the same period of 2024[33] - Total cash inflow from operating activities was approximately ¥1.78 billion, a decrease of 3.8% compared to ¥1.85 billion in the same period of 2024[33] Expenses - The decline in profits was primarily attributed to a decrease in gross margin and revenue[9] - Research and development expenses for the first three quarters of 2025 were CNY 210,509,826.51, down from CNY 277,961,591.00 in 2024[20] - Research and development expenses for the first three quarters of 2025 were approximately ¥24.2 million, a decrease of 22.5% compared to ¥31.2 million in the same period of 2024[31] - The company reported a significant increase in financial expenses, with interest expenses rising to approximately ¥29.2 million in 2025 from ¥31.0 million in 2024[31] Non-Recurring Gains - The company reported a total of ¥57,204,593.40 in non-recurring gains for the quarter[8] - Deferred income decreased to CNY 115,909,615.53 from CNY 125,561,403.27 year-over-year[18] Accounting Standards - The company has not applied new accounting standards for the first time in 2025[35]