Financial Performance - The company's operating revenue for Q3 2025 was ¥961,129,633.01, a decrease of 18.95% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥128,694,712.92, representing a decline of 234.24% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥122,578,844.09, down 52.03% from the previous year[5]. - Total operating revenue for the period was CNY 2,995,437,323.47, a decrease of 16.9% compared to CNY 3,606,256,924.42 in the previous period[17]. - The company reported a net loss of CNY 273,684,991.31, compared to a profit of CNY 19,971,552.10 in the previous period[15]. - The net profit for the current period is -374,029,115.97, compared to -294,272,771.90 in the previous period, indicating a decline of approximately 27.1%[18]. - Operating profit for the current period is -360,502,200.22, worsening from -283,406,415.63 in the previous period, reflecting a decline of about 27.2%[18]. - The total comprehensive income attributable to the parent company is -293,656,543.41, compared to -212,108,983.83 in the previous period, reflecting a decline of approximately 38.4%[19]. Cash Flow and Assets - Cash flow from operating activities for the year-to-date increased by 47.67%, totaling ¥921,003,855.55[5]. - The company's cash and cash equivalents decreased to CNY 331,072,769.68 from CNY 590,562,003.38, representing a decline of 43.9%[13]. - Cash and cash equivalents at the end of the period decreased to 243,072,769.68 from 427,482,946.42, a decline of about 43.1%[22]. - Investment activities generated a net cash outflow of -147,160,133.41, improving from -406,156,113.17 in the previous period[22]. - Total assets at the end of the reporting period were ¥9,790,656,512.89, a decrease of 7.95% from the end of the previous year[5]. - Total assets decreased to CNY 9,790,656,512.89 from CNY 10,636,321,992.89, reflecting a decline of 7.9%[15]. - Total liabilities decreased to CNY 6,736,386,171.04 from CNY 7,164,331,951.87, a decrease of 6.0%[15]. - The company's equity attributable to shareholders decreased to CNY 3,337,580,628.58 from CNY 3,674,927,755.19, a decline of 9.2%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 103,208[10]. - The largest shareholder, Shaanxi Century New Yuan Commercial Management Co., Ltd., held 27.52% of the shares, amounting to 616,061,198 shares[10]. Expenses - Sales expenses increased by 78.56% year-to-date, primarily due to increased promotional costs[8]. - Research and development expenses rose to 6,045,483.10 from 5,715,774.18, an increase of approximately 5.8%[18]. - Financial expenses decreased to 111,183,899.06 from 130,194,846.46, a reduction of about 14.6%[18]. Earnings Per Share - The company's basic and diluted earnings per share were both -¥0.0572, a decrease of 207.53% year-on-year[5]. - The basic and diluted earnings per share for the current period are both -0.1302, compared to -0.0954 in the previous period, indicating a decline of approximately 36.6%[19].

Financial Performance - The company's operating revenue for Q3 2025 was ¥226,599,465.63, representing a year-on-year increase of 6.07%[5] - Net profit attributable to shareholders for Q3 2025 was ¥1,245,143.02, a significant increase of 53.14% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥419,148.61, up 111.48% year-on-year[5] - Total operating revenue for the current period reached ¥606,831,010.25, an increase of 11.14% from ¥545,753,252.38 in the previous period[20] - Total operating costs amounted to ¥599,024,659.24, up from ¥542,334,170.53, reflecting a rise of 10.43%[20] - Operating profit for the current period was ¥4,573,537.19, compared to a loss of ¥1,896,246.32 in the previous period[21] - Net profit for the current period was ¥4,071,928.35, recovering from a loss of ¥1,127,175.02 in the previous period[22] - The net profit attributable to shareholders of the parent company was ¥13,128,304.40, compared to ¥5,017,316.63 in the previous period, indicating a significant increase[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,113,427,538.41, an increase of 32.47% from the end of the previous year[5] - Current liabilities rose to ¥719,129,508.53 from ¥440,993,262.15, an increase of 63.2%[19] - The company's accounts receivable at the end of the period amounted to ¥209,105,316.14, a 149.88% increase compared to the beginning of the year, attributed to seasonal sales collection patterns[9] - Inventory at the end of the period was ¥589,617,006.11, reflecting a 28.51% increase due to ongoing contracts not yet meeting revenue recognition criteria[9] - Short-term borrowings at the end of the period were ¥352,205,027.40, a substantial increase of 272.06% as the company sought additional bank loans to support operational needs[9] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥225,609,810.03, a decrease of 2.64% compared to the same period last year[5] - Operating cash inflow for the current period was CNY 526,716,698.28, an increase of 6.5% from CNY 494,128,567.01 in the previous period[24] - Net cash flow from operating activities was -CNY 225,609,810.03, slightly worse than -CNY 219,813,713.61 in the previous period[24] - Cash inflow from investment activities was CNY 5,284,146.33, a significant decrease from CNY 405,944,637.11 in the previous period[24] - Net cash flow from investment activities improved to CNY 3,466,466.33 from -CNY 36,137,164.77 in the previous period[24] - Cash inflow from financing activities was CNY 412,000,000.00, down from CNY 451,956,330.65 in the previous period[25] - Net cash flow from financing activities was CNY 240,628,197.44, compared to CNY 232,134,388.50 in the previous period, showing a slight increase[25] - The net increase in cash and cash equivalents was CNY 18,503,916.83, recovering from a decrease of -CNY 23,795,037.32 in the previous period[25] - The ending balance of cash and cash equivalents was CNY 156,424,146.02, up from CNY 102,668,412.57 in the previous period[25] Shareholder Information - Major shareholders include Shanghai Anshuo Technology Development Co., Ltd. with 38,665,399 shares, accounting for a significant portion of the total shares[13] - The company has a total of 11,065,507 restricted shares held by executives, indicating a strong alignment of interests between management and shareholders[15] - The total number of restricted shares at the end of the period was 11,073,507, with 8,000 shares newly added due to executive lock-up regulations[15] - The company reported a 7.32% shareholding by Gao Yong, with 10,132,650 shares held[13] - Gao Ming holds 6.03% of the shares, totaling 8,354,289 shares, indicating a significant stake by key executives[13] - The company has not reported any changes in the shareholding structure of the top 10 shareholders due to securities lending activities[13] Future Plans - The company plans to issue shares to no more than 35 specific investors, aiming to raise up to 600 million RMB, which is expected to be no more than 30% of the total share capital before the issuance[16] - The company received a notice from the Shenzhen Stock Exchange confirming the acceptance of its application for the issuance of shares to specific investors[16] Research and Development - Research and development expenses for the current period were ¥81,103,341.09, up from ¥74,107,688.98, reflecting a commitment to innovation[21]

杭州老板电器股份有限公司 2025 年第三季度报告 证券代码：002508 证券简称：老板电器 公告编号：2025-056 杭州老板电器股份有限公司 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 1 杭州老板电器股份有限公司 2025 年第三季度报告 一、主要财务数据 （二） 非经常性损益项目和金额 适用 □不适用 | | | 单位：元 | | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | 非流动性资产处置损益（包 | | | | | 括已计提资产减值准备的冲 | -2,790,079.44 | -6,600,757.78 | | | ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,542,660,821.93, an increase of 4.47% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2025 was ¥50,396,360.40, a decrease of 48.65% year-on-year[4] - The sales revenue for the first nine months of 2025 was ¥4,687,506,766.06, representing a 6.20% increase year-on-year[4] - Net profit for the current period was ¥225,956,655.86, a decrease of 27% from ¥309,817,458.87 in the previous period[27] - Earnings per share (EPS) for the current period was ¥0.3290, down from ¥0.4378 in the previous period, indicating a decline of 25%[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥151,283,102.14, down 66.33% compared to the previous year[4] - Net cash flow from operating activities decreased by CNY 297.99 million, down 66.33%, due to reduced net profit and increased working capital[21] - The cash flow from operating activities was ¥4,455,071,649.71, slightly up from ¥4,344,698,891.10 in the previous period, indicating a growth of 2.5%[28] - The net cash flow from financing activities was 484,707,496.97, significantly lower than 2,318,354,240.25 from the previous period, reflecting reduced financing activities[29] - The total cash and cash equivalents at the end of the period were 1,898,009,495.71, down from 5,768,645,766.46, showing a substantial decrease in liquidity[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,441,731,465.35, reflecting a 10.54% increase from the end of the previous year[5] - Non-current assets totaled ¥5,391,871,465.14, significantly higher than ¥2,938,069,590.47 in the previous period, marking an increase of 83.6%[24] - Total liabilities rose to ¥4,375,556,954.22, compared to ¥3,531,238,640.31, reflecting an increase of 23.9%[24] - Total current assets decreased from CNY 6,508.14 million to CNY 5,049.86 million[23] Expenses - The company experienced a substantial increase in financial expenses due to rising interest costs and exchange losses, which negatively affected net profit[11] - Operating costs increased by CNY 276.41 million, a growth of 7.46%, primarily due to increased sales of large-size capacitive touch screens and automotive glass products[14] - Financial expenses rose by CNY 75.02 million, a significant increase of 109.62%, mainly due to reduced exchange gains and interest income[15] - The company reported a decrease in research and development expenses to ¥223,697,505.50 from ¥185,998,537.15, which is an increase of 20.2% year-over-year[26] Investments - The company reported a significant increase in R&D expenses due to ongoing investments in new products and technologies, impacting overall financial performance[10] - The company is advancing the micro-cavity electronic paper display project (MED) with planned equipment procurement and installation activities ongoing[12] - Net cash flow from investing activities decreased by CNY 2,523.17 million, primarily due to increased equipment procurement payments[22] - The cash flow from investment activities showed a net outflow of -2,590,353,167.73, compared to -67,180,108.56, highlighting increased investment expenditures[29] Accounts Receivable and Inventory - Accounts receivable increased from CNY 1,399.70 million to CNY 1,467.29 million[23] - Inventory increased from CNY 557.96 million to CNY 581.76 million[23] Tax and Other Financial Aspects - The company received tax refunds amounting to 67,614,489.42, compared to 58,062,068.54 in the previous period, indicating improved tax recovery[29] - The impact of exchange rate changes on cash and cash equivalents was 9,031,224.10, a decrease from 44,396,381.19, reflecting less favorable currency fluctuations[29] - The company did not undergo an audit for the third quarter financial report, which may affect stakeholder confidence in the reported figures[30]

Financial Performance - The company's operating revenue for Q3 2025 was ¥7,178,928,616.41, a decrease of 4.77% compared to the same period last year[5] - Net profit attributable to shareholders was ¥259,732,470.70, down 35.65% year-on-year[5] - The basic earnings per share decreased by 35.85% to ¥0.136[5] - The total profit decreased by 38.98% year-on-year, mainly due to a decline in the selling prices of certain chemical products[25] - Net profit for the current period was ¥1,025,106,577.62, a decrease of 35% from ¥1,575,672,642.64 in the previous period[35] - Basic and diluted earnings per share decreased to ¥0.537 from ¥0.827, reflecting a decline of 35%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥35,948,039,071.18, a decrease of 0.88% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, amounted to CNY 35,948,039,071.18, a decrease from CNY 36,268,449,915.13 at the beginning of the period[32] - Current assets totaled CNY 3,495,720,893.88, up from CNY 3,027,371,115.19 at the beginning of the period, indicating a growth of approximately 15.5%[31] - The company's inventory increased to CNY 2,129,757,041.35 from CNY 1,737,140,742.27, reflecting a rise of about 22.6%[31] - Short-term borrowings rose to CNY 4,911,538,888.91 from CNY 4,770,458,910.35, representing an increase of approximately 2.95%[32] - The total liabilities decreased to CNY 16,757,276,505.72 from CNY 17,452,341,636.98, a reduction of about 4%[32] - The company's long-term borrowings decreased to CNY 3,025,390,000.00 from CNY 3,920,580,000.00, a decline of about 22.9%[32] - The total non-current assets amounted to CNY 32,452,318,177.30, down from CNY 33,241,078,799.94, reflecting a decrease of approximately 2.4%[32] Receivables and Expenses - Accounts receivable increased by 154.47% compared to the beginning of the year, mainly due to an increase in export sales[9] - Other receivables increased by 45.33% compared to the beginning of the year, primarily due to an increase in tax refund receivables[12] - Sales expenses increased by 53.22% year-on-year, attributed to higher salaries and travel expenses for sales personnel[20] - The company reported a decrease in income tax expenses by 55.3% year-on-year, correlating with the decline in total profit[26] - The company reported a decrease in tax expenses to ¥174,106,000.84 from ¥389,534,136.93 in the previous period, indicating a reduction of 55%[35] Cash Flow - Net cash flow from operating activities was ¥3,983,209,982.78, an increase of 14.5% compared to ¥3,476,836,943.04 in the previous period[36] - Cash and cash equivalents at the end of the period totaled ¥698,010,612.68, compared to ¥514,397,533.61 at the end of the previous period[36] - Investment activities resulted in a net cash outflow of ¥1,485,691,550.86, an improvement from a net outflow of ¥1,825,517,302.52 in the previous period[37] - Financing activities generated a net cash outflow of ¥2,528,880,829.75, worsening from a net outflow of ¥1,526,209,479.93 in the previous period[37] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[5] - Other comprehensive income after tax showed a loss of ¥1,003,452.27, compared to a loss of ¥55,770.50 in the previous period[35]

Financial Performance - Revenue for Q3 2025 reached ¥90,537,330.77, an increase of 30.42% year-over-year[5] - Net profit attributable to shareholders was -¥25,119,829.08, a decrease of 30.48% compared to the same period last year[5] - The company reported a basic earnings per share of -¥0.05, a decline of 28.57% year-over-year[5] - Total operating revenue for the current period is ¥266,737,845.49, a decrease of 3.6% from ¥276,022,492.34 in the previous period[33] - Net profit for the current period is -¥93,999,660.89, compared to -¥75,966,529.16 in the previous period, indicating a worsening loss[34] - The company reported a net loss attributable to shareholders of the parent company of -¥82,900,582.76, compared to -¥63,770,193.06 in the previous period[35] - Basic and diluted earnings per share for the current period are both -¥0.16, compared to -¥0.12 in the previous period[35] Assets and Liabilities - Total assets as of the end of Q3 2025 amounted to ¥2,572,836,793.07, reflecting a 4.74% increase from the end of the previous year[5] - Total assets increased to ¥2,572,836,793.07, up from ¥2,456,470,923.61 in the previous period, representing a growth of 4.7%[32] - Total liabilities rose to ¥1,183,634,031.99, compared to ¥980,250,061.76 in the previous period, an increase of 20.8%[32] - Non-current liabilities increased significantly to ¥408,585,453.14 from ¥192,001,053.01, marking a rise of 112.5%[32] - The company's total equity attributable to shareholders decreased by 5.41% to ¥1,439,106,191.51 compared to the end of the previous year[5] - The company's total equity decreased to ¥1,389,202,761.08 from ¥1,476,220,861.85, a decline of 5.9%[32] Cash Flow - Cash flow from operating activities for the year-to-date period was -¥97,859,642.22, showing a 5.11% improvement compared to the previous year[5] - Cash inflow from operating activities decreased to ¥287,714,611.47 from ¥317,484,071.00 in the previous period, reflecting a decline of 9.4%[36] - The net cash flow from operating activities was -$97.86 million, a slight improvement from -$103.13 million in the previous period[37] - Cash inflow from investment activities totaled $40.11 million, down from $92.96 million year-over-year[37] - The net cash flow from financing activities increased significantly to $181.97 million, compared to $40.02 million in the prior period[37] - The total cash and cash equivalents at the end of the period amounted to $144.79 million, a decrease from $162.83 million year-over-year[37] - The company’s cash and cash equivalents increased to 144,795,399.15 yuan from 92,919,328.26 yuan, reflecting a growth of approximately 55.8%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,410[13] - The largest shareholder, He Zenglin, holds 25.11% of shares, totaling 129,971,700 shares, with 74,709,700 shares pledged[13] - A total of 4,815,700 stock options were canceled, representing 32.10% of the total granted options, reducing the number of incentive participants from 127 to 115[21] - The stock options that did not meet the exercise conditions were canceled, totaling 4,413,100 options, which is 29.42% of the total granted options[22] - The company completed the cancellation of stock options for the third exercise period, totaling 5,771,200 options, which is 38.47% of the total granted options[22] Investments and Projects - The company plans to invest ¥1.69981 billion in the construction of a 5G communication industrial park in Xi'an, focusing on 5G electronic products and dual-use military-civilian products[17] - The investment for the Tianrong Big Data (Xi'an) Computing Center project is estimated at RMB 2.15536 billion for the first phase and RMB 1.20114 billion for the second phase[18] - The construction of the 5G Communication Industrial Park is facing delays due to various factors, with the completion date pushed to June 2026 for the fundraising investment projects[20] - The company plans to expand its 5G business product lines, including the 5G circulator expansion project and the production and R&D center for ferrite materials[19] - The first phase of the wireless communication microwave ferrite and ceramic materials project has an investment of approximately 120 million yuan and a construction period of 21 months[26] - The second phase of the project is estimated to require an investment of about 380 million yuan, subject to future operational and market conditions[26] Financial Management - Short-term borrowings increased by 40.35% to ¥190,197,894.42 due to new bank loans[10] - Financial expenses surged by 434.97% to ¥9,839,639.19, primarily due to increased interest expenses[10] - The company experienced a 614.53% increase in credit impairment losses, totaling -¥1,716,074.10, attributed to provisions for bad debts[10] - The company’s tax payments increased by 42.47% to ¥17,172,187.82, primarily due to higher income and value-added tax payments[11] - Cash received from investment decreased by 54.56% to ¥40,000,000.00, mainly due to reduced financial product purchases[11] - Cash received from investment income dropped by 95.44% to ¥37,972.60, attributed to decreased financial returns[11] - Cash paid for the acquisition of fixed assets decreased by 69.75% to ¥32,749,667.59, due to reduced expenditures on ongoing projects[11] - Cash received from borrowings increased by 210.83% to ¥366,220,000.00, primarily due to increased bank loans[11] - Cash paid for debt repayment rose by 84.92% to ¥160,385,601.13, mainly due to increased bank loan repayments[11] Other Information - The company did not undergo an audit for the third quarter financial report[38] - The company will implement new accounting standards starting in 2025[38]

浙江艾罗网络能源技术股份有限公司 2025 年第三季度报告 证券代码：688717 证券简称：艾罗能源 浙江艾罗网络能源技术股份有限公司 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 1 / 13 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 1,221,106,832.04 48.32 3,027,811,711.77 25.80 利润总额 -22,339,996.54 -155.00 106,841,342.71 -28.63 归属于上 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥888,258,824.22, representing a year-on-year increase of 2.80%[3] - The total profit for the period was ¥187,832,899.07, reflecting a growth of 3.76% compared to the same quarter last year[3] - Net profit attributable to shareholders was ¥157,788,434.47, marking an 8.38% increase year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥2,837,281,856.08, an increase of 1.6% compared to ¥2,791,816,831.37 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was ¥610,918,450.42, up from ¥572,355,494.44 in the previous year, reflecting a growth of 6.7%[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥501,010,717.43, compared to ¥457,504,222.25 in 2024, marking an increase of 9.5%[21] - The total comprehensive income for the first three quarters of 2025 was ¥519,040,767.76, compared to ¥472,074,012.56 in 2024, reflecting an increase of 9.9%[21] - The net profit for the first three quarters of 2025 was ¥512,493,564.22, representing a growth of 10.65% from ¥463,231,519.36 in the first three quarters of 2024[32] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥449,801,612.75, showing a significant increase of 41.77%[3][8] - The net cash flow from operating activities for the first three quarters of 2025 was ¥1,044,312,641.67, significantly higher than ¥657,858,596.32 in the same period of 2024[33] - The company reported a cash inflow from operating activities totaling CNY 2,822,435,287.71, slightly up from CNY 2,754,937,729.63 in the previous year[25] - The cash outflow for purchasing goods and services was CNY 1,278,048,876.88, a decrease of 3.0% compared to CNY 1,317,788,646.47 in the same period last year[25] - The company reported a significant increase in cash inflow from investment activities, totaling ¥1,690,427,294.14 in 2025 compared to ¥915,168,958.78 in 2024[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,341,330,588.38, up 3.08% from the end of the previous year[4] - The total assets of the company as of September 30, 2025, amounted to RMB 5,341,330,588.38, an increase from RMB 5,181,936,729.77 at the end of 2024[14] - The total liabilities decreased to ¥909,821,802.03 in 2025 from ¥980,659,138.60 in 2024, a reduction of approximately 7.2%[17] - The total liabilities increased to CNY 1,150,811,494.57 from CNY 485,189,704.53, indicating a significant rise of 137.5%[28] - The company's total assets increased to ¥5,647,285,014.58 in 2025 from ¥5,181,936,729.77 in 2024, representing a growth of 3.1%[17] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥4,299,447,344.33, a rise of 5.74% compared to the previous year-end[4] - The top shareholder, China Baoan Group Co., Ltd., holds 29.27% of the shares, totaling 126,163,313 shares[10] - The total equity attributable to shareholders of the parent company increased to ¥4,299,447,344.33 in 2025 from ¥4,065,961,926.61 in 2024, representing a growth of 5.8%[17] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥58,126,161.84, an increase from ¥51,039,415.65 in 2024, indicating a rise of 13.8%[20] - Research and development expenses rose to ¥49,005,376.35 in the first three quarters of 2025, up from ¥43,121,388.43 in the same period of 2024, indicating a focus on innovation[31] Government Subsidies - The company received government subsidies amounting to ¥4,251,166.28 during the quarter, contributing positively to its financial performance[6] Earnings Per Share - Basic earnings per share for the quarter were ¥0.37, an increase of 8.82% year-on-year[3] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.16, up from ¥1.06 in the same period of 2024, an increase of 9.4%[23] - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥1.19, compared to ¥1.07 in the same period of 2024[32]

Financial Performance - Total revenue for Q3 2025 was ¥96,206,475.83, a decrease of 18.61% compared to the same period last year[3] - Net profit attributable to shareholders was ¥17,221,945.26, down 51.50% year-over-year[3] - The total profit for the year-to-date period decreased by 63.92% to ¥46,155,660.46[3] - Basic earnings per share for Q3 2025 was ¥0.04, a decline of 55.56% compared to the previous year[3] - The company's revenue for the reporting period was CNY 260.82 million, a year-on-year decrease of 24.13%[12] - Net profit attributable to shareholders was CNY 41.56 million, down 62.94% year-on-year[12] - Total operating revenue for the first three quarters of 2025 was CNY 260,821,861.59, a decrease of 24.1% compared to CNY 343,786,670.77 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 41,562,776.02, a decline of 63.0% compared to CNY 112,150,960.47 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was CNY 45,983,456.08, down 64.0% from CNY 128,141,009.06 in the previous year[20] Research and Development - R&D investment totaled ¥20,744,668.54, representing 21.56% of total revenue, an increase of 4.92 percentage points[4] - The company continues to invest in R&D, focusing on innovative products and technologies to meet clinical needs[12] - Research and development expenses increased to CNY 56,428,488.49 in 2025, up 15.0% from CNY 48,830,331.80 in 2024[20] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥71,178,778.38, down 47.41% year-over-year[3] - Cash and cash equivalents increased to CNY 648.39 million from CNY 400.25 million as of December 31, 2024[15] - Total current assets decreased to CNY 1,030.99 million from CNY 1,067.68 million[15] - The company's cash flow from operating activities for the first three quarters of 2025 showed a significant change, reflecting ongoing adjustments in operational efficiency[22] - Cash inflow from operating activities for the first three quarters of 2025 was $300.41 million, a decrease of 27% compared to $411.58 million in the same period of 2024[23] - Net cash flow from operating activities for the first three quarters of 2025 was $71.18 million, down 47.4% from $135.33 million in 2024[24] - Total assets at the end of the reporting period were ¥1,771,711,225.11, a decrease of 3.30% from the previous year-end[4] - The company's total assets decreased to CNY 1,771,711,225.11 in 2025 from CNY 1,832,158,296.89 in 2024, a reduction of 3.3%[17] Shareholder Information - The top shareholder, Ningbo Free Trade Zone Yingweili Enterprise Management, holds 26.93% of shares[10] - The company maintained a basic and diluted earnings per share of CNY 0.10 for the first three quarters of 2025, down from CNY 0.28 in the same period of 2024[21] Operational Strategy - The company aims to enhance its product pipeline through a dual strategy of import substitution and clinical interaction[12] - The company holds a leading position with its proprietary LICA® technology platform, emphasizing cost-effective clinical products[12] - The company has a robust strategy to address unmet clinical needs and high-burden disease areas[12] Inventory and Costs - The company has maintained a stable inventory level, with inventory reported at CNY 113.82 million[15] - Total operating costs for the first three quarters of 2025 were CNY 223,690,330.27, down from CNY 234,109,060.40 in the previous year, reflecting a reduction of 4.0%[19] Liabilities and Tax - Total liabilities decreased to CNY 363,165,455.02 in 2025 from CNY 415,851,159.52 in 2024, a decline of 12.6%[17] - The company reported cash outflows for tax payments of $31.77 million in 2025, a decrease from $60.59 million in 2024, representing a reduction of 47.5%[24]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥394,719,037.26, representing a year-on-year increase of 21.09%[4] - Total profit for the period was ¥39,756,207.42, reflecting a significant increase of 42.11% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,390,790.23, with a slight increase of 2.47% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,211,525,405.23, a 14.2% increase from ¥1,061,625,048.38 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥116,462,889.19, representing a 3.5% increase compared to ¥112,508,377.48 in 2024[21] - Operating profit for the first three quarters of 2025 was ¥174,511,782.66, an increase of 21.1% from ¥144,062,987.04 in the previous year[20] - The basic earnings per share for the first three quarters of 2025 was ¥0.25, compared to ¥0.24 in the same period of 2024[21] Cash Flow and Assets - The net cash flow from operating activities decreased by 68.28% to ¥23,267,903.72, primarily due to increased payment for goods[4][9] - Cash flow from operating activities generated a net amount of ¥14,423,848.42, a significant recovery from a net outflow of -¥33,621,750.69 in the same period of 2024[23] - Cash and cash equivalents decreased significantly from RMB 827,145,517.53 to RMB 449,440,626.19, representing a decline of approximately 45.7%[16] - Cash and cash equivalents at the end of the third quarter of 2025 totaled ¥449,433,626.19, down from ¥552,418,495.84 at the end of the same period in 2024[24] - The company's current assets totaled RMB 2,083,111,946.63, down from RMB 2,209,583,173.30, indicating a decrease of about 5.7%[16] - The total assets at the end of the reporting period were ¥4,376,388,189.31, showing a decrease of 4.09% from the previous year[5] Liabilities and Equity - Total liabilities decreased from RMB 823,021,625.71 to RMB 707,351,659.28, a reduction of approximately 14.1%[18] - The company's equity attributable to shareholders decreased from RMB 3,709,982,961.22 to RMB 3,638,065,512.66, reflecting a decline of about 1.9%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,918[10] - The top shareholder, Zhongjianxin (Zhejiang) Venture Capital Co., Ltd., holds 31.11% of the shares[11] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥34,188,242.61, a decrease of 19.8% from ¥42,590,904.37 in 2024[20] Expenses - Total operating costs increased to ¥1,040,663,445.32, up 13.0% from ¥920,500,230.03 year-over-year[20] - Sales expenses increased to ¥334,383,604.17, up 54.5% from ¥216,161,117.40 year-over-year[20] Other Information - The company reported non-recurring gains of ¥3,752,393.78 for the current period[7] - The company has not disclosed any new product developments or market expansion strategies in this report[3] - The company has initiated a wealth management plan using idle funds, with an asset management plan registered on September 24, 2025[13] - The company has maintained its long-term equity investments at RMB 42,531,210.38, showing stability in this area[16] - The company's short-term borrowings were recorded at RMB 1,000,753.42 as of December 31, 2024, but no short-term borrowings were reported as of September 30, 2025[18] - The company reported a total cash outflow from investing activities of ¥198,513,327.19, compared to a smaller outflow of ¥4,281,406.55 in 2024[24] - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[25]