Financial Performance - Total operating revenue for Q3 2025 was CNY 286,094,581.27, an increase of 3.17% compared to the same period last year[5]. - Total profit for Q3 2025 decreased by 42.33% to CNY 47,434,020.92, primarily due to asset impairment provisions at Fujin Thermal Power[7]. - Net profit attributable to shareholders for Q3 2025 was CNY 13,552,940.69, down 79.78% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for Q3 2025 was CNY 6,001,490.47, a decrease of 90.11% compared to the previous year[5]. - The basic earnings per share for Q3 2025 was CNY 0.01, a decline of 75.00% year-on-year[6]. - The weighted average return on net assets decreased by 0.8248 percentage points to 0.1953% for Q3 2025[6]. - The net profit for the first three quarters of 2025 is CNY 348,125,061.67, a decrease from CNY 433,643,136.98 in the same period of 2024, representing a decline of approximately 19.7%[20]. - Operating profit for the first three quarters of 2025 is CNY 476,038,952.73, compared to CNY 505,414,029.63 in 2024, indicating a decrease of about 5.8%[20]. - The total profit for the first three quarters of 2025 is CNY 475,930,279.13, compared to CNY 504,887,529.57 in 2024, reflecting a decrease of approximately 5.7%[20]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 11,466,575,971.58, a decrease of 1.85% from the end of the previous year[6]. - Current assets totaled CNY 4,756,680,929.64 as of September 30, 2025, compared to CNY 4,574,644,431.33 at the end of 2024, reflecting an increase of 4.0%[14]. - Cash and cash equivalents increased significantly to CNY 2,303,319,766.99 from CNY 1,093,814,936.03, marking a growth of 110.0%[14]. - Total liabilities decreased to CNY 4,309,465,564.94 from CNY 4,748,737,031.69, indicating a reduction of 9.3%[16]. - Non-current assets amounted to CNY 6,709,895,041.94, down from CNY 7,107,728,744.15, a decline of 5.6%[15]. - The company's total assets were CNY 11,466,575,971.58, a decrease from CNY 11,682,373,175.48, reflecting a decline of 1.8%[15]. - The company's equity attributable to shareholders increased to CNY 6,948,317,252.28 from CNY 6,769,701,330.26, an increase of 2.6%[16]. - Short-term borrowings rose to CNY 428,509,117.42 from CNY 263,412,130.78, representing a significant increase of 62.7%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 196.50% to CNY 1,562,165,283.98[9]. - Cash flow from operating activities for the first three quarters of 2025 is CNY 1,562,165,283.98, significantly higher than CNY 526,861,206.17 in 2024, reflecting an increase of approximately 196.5%[23]. - Investment activities generated a net cash flow of CNY 143,704,050.94 in the first three quarters of 2025, a turnaround from a negative cash flow of CNY -33,454,800.48 in 2024[23]. - The company reported a total cash and cash equivalents balance of CNY 2,301,869,458.08 at the end of the third quarter of 2025, up from CNY 193,001,822.66 at the end of the same period in 2024[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,346[10]. - The basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.17, down from CNY 0.22 in 2024, representing a decrease of approximately 22.7%[20]. - The company incurred financial expenses of CNY 55,739,706.09 in 2025, down from CNY 72,019,111.43 in 2024, indicating a reduction of about 22.5%[20]. - The company received CNY 68,380,180.03 in tax refunds during the first three quarters of 2025, compared to CNY 34,733,035.43 in 2024, which is an increase of about 96.5%[22]. Revenue and Costs - Total operating revenue for the first three quarters of 2025 was CNY 1,080,200,302.66, a decrease of 1.3% compared to CNY 1,095,495,695.46 in the same period of 2024[18]. - Total operating costs increased to CNY 649,724,982.32, up 2.5% from CNY 637,167,329.13 in the previous year[18]. - Operating costs included CNY 517,195,937.43 in operating expenses, which rose from CNY 504,960,646.21 in 2024[18]. - Total revenue from sales of goods and services received in cash for the first three quarters of 2025 is CNY 2,035,025,241.18, compared to CNY 889,369,190.84 in 2024, marking an increase of about 129.4%[22].

安徽省天然气开发股份有限公司 2025 年第三季度报告 证券代码：603689 证券简称：皖天然气 安徽省天然气开发股份有限公司 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。 公司负责人吴海、主管会计工作负责人朱亦洪及会计机构负责人陶玉忠（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 | | | 本报告期比上年 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 同期增减变动幅 | 年初至报告期末 | 比上年同期增减 | | | | 度(%) | | 变动幅度(%) | | 营业收入 | 1,137,537,692.94 | -14.30 | 3,811,9 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 1,262,047,242.40, a decrease of 11.16% compared to the same period last year[5] - The total profit for the third quarter was CNY 25,576,859.31, with a net profit attributable to shareholders of CNY 8,774,087.03, reflecting a significant loss of CNY 119,894,765.27 year-to-date[5] - The net profit attributable to shareholders for the third quarter was CNY 8,774,087.03, a significant improvement compared to the previous year's loss[10] - Total operating revenue for the first three quarters of 2025 was CNY 3,448,718,630.15, a decrease of 8.2% compared to CNY 3,758,257,085.01 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 119,894,765.27, an improvement from a loss of CNY 211,661,244.27 in the same period of 2024[20] Earnings and Shareholder Information - The basic earnings per share for the third quarter was CNY 0.0024, while the diluted earnings per share were not applicable[6] - The total number of common shareholders at the end of the reporting period is 50,373[13] - The largest shareholder, Huai Bei Mining Group Co., Ltd., holds 1,740,036,832 shares, representing 48.41% of total shares[13] - Basic earnings per share for the first three quarters of 2025 were CNY -0.03, an improvement from CNY -0.06 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,912,477,746.74, a decrease of 3.73% from the end of the previous year[6] - Total current assets decreased to ¥1,073,320,294.77 from ¥1,230,814,319.26 year-over-year[16] - Total assets decreased to ¥9,912,477,746.74 from ¥10,296,235,529.17 year-over-year[16] - Total liabilities decreased to ¥3,925,561,995.00 from ¥4,388,200,005.96 year-over-year[17] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 268,798,014.06[5] - Operating cash flow for the first three quarters of 2025 was CNY 268,798,014.06, compared to a negative cash flow of CNY 16,496,927.37 in 2024[23] - The company reported a net cash outflow from investing activities of CNY -237,340,223.96, compared to CNY -1,051,776,397.06 in the previous year[23] - The company raised CNY 198,939,998.76 from investment activities in the first three quarters of 2025[23] Cost and Profitability - The increase in net profit for the third quarter was primarily driven by improved profitability of caustic soda products due to increased market demand and reduced raw material costs[10] - The company reported a decrease in the cost of major products, including caustic soda, due to lower prices of coal and other raw materials[11] - Total operating costs for the first three quarters of 2025 were CNY 3,512,675,992.42, down 12.1% from CNY 3,998,456,127.88 in 2024[19] Cash and Equivalents - The company's cash and cash equivalents as of September 30, 2025, amount to ¥641,274,515.48, a slight decrease from ¥652,086,548.15 on December 31, 2024[15] - The total cash and cash equivalents at the end of the period increased to $580,849,993.14 from $394,385,454.45[24] - The net increase in cash and cash equivalents was $25,124,779.61, contrasting with a decrease of $352,143,707.94 in the prior period[24] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 167,277,107.39, down from CNY 198,675,571.16 in 2024[19]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,699,505,440.47, representing an increase of 8.98% compared to the same period last year[3]. - The total profit for the period was ¥63,297,782.29, reflecting an 8.11% year-over-year growth[3]. - Net profit attributable to shareholders was ¥61,041,345.04, up by 6.91% year-over-year[3]. - Total operating revenue for the first three quarters of 2025 reached ¥4,720,527,717.26, an increase of 10% compared to ¥4,290,309,112.15 in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was ¥166,975,926.73, compared to ¥156,976,776.31 in 2024, indicating an increase of about 6.4%[22]. - The company's operating profit for the first three quarters of 2025 was ¥173,472,246.62, slightly up from ¥165,306,254.85 in the previous year[21]. - The company reported a total comprehensive income of ¥176,280,492.48 for the first three quarters of 2025, compared to ¥161,260,356.07 in 2024, an increase of about 9.3%[22]. Cash Flow - The net cash flow from operating activities surged by 1,123.58% to ¥290,638,788.85, indicating improved cash management and collection efficiency[8]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately $4.60 billion, an increase of 8.43% compared to $4.24 billion in the same period of 2024[24]. - Net cash flow from operating activities was $685.78 million, up 63.93% from $417.79 million year-over-year[24]. - Cash inflow from investment activities totaled approximately $1.11 billion, significantly higher than $287.22 million in the first three quarters of 2024[25]. - Net cash flow from investment activities was negative at -$373.67 million, an improvement from -$419.42 million in the previous year[25]. - Cash inflow from financing activities amounted to $1.09 billion, a decrease from $1.32 billion in the same period last year[25]. - Net cash flow from financing activities was $77.46 million, recovering from a negative $151.17 million in the previous year[25]. - The ending cash and cash equivalents balance increased to approximately $967.00 million, compared to $556.41 million at the end of the third quarter of 2024[25]. - The company received $1.09 billion from investment recoveries, a significant increase from $270 million in the previous year[25]. - The company reported a cash outflow of $1.48 billion for investment activities, up from $706.64 million in the same period last year[25]. Assets and Liabilities - Total assets increased by 1.77% to ¥7,120,331,630.78 compared to the end of the previous year[4]. - As of September 30, 2025, the total current assets amounted to RMB 4,263,910,527.15, an increase from RMB 4,196,330,496.81 as of December 31, 2024, reflecting a growth of approximately 1.6%[17]. - The total liabilities increased to RMB 4,263,910,527.15 from RMB 4,196,330,496.81, showing a rise of about 1.6%[18]. - The total assets as of September 30, 2025, were RMB 7,120,331,630.78, compared to RMB 6,996,698,968.36 at the end of 2024, marking an increase of approximately 1.8%[18]. - The total liabilities decreased from ¥4,836,949,984.57 in the previous year to ¥4,146,197,361.56 in 2025, a reduction of about 14.3%[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,992, with the largest shareholder holding 25.54% of the shares[10]. - The company has a total of 50,849,734 shares held by Hefei Langrun Asset Management Co., Ltd., representing 9.24% of the total shares as of the end of the reporting period[13]. - Shareholders' equity attributable to the parent company rose by 37.69% to ¥2,970,899,293.95, primarily due to the conversion of convertible bonds[8]. - The total equity attributable to shareholders increased to ¥2,970,899,293.95 in 2025 from ¥2,157,735,386.73 in 2024, reflecting a growth of approximately 37.7%[21]. Research and Development - Research and development expenses totaled ¥76,722,974.99, accounting for 4.51% of operating revenue, an increase of 0.04 percentage points from the previous year[4]. - Research and development expenses increased to ¥213,714,109.88 in 2025 from ¥187,818,137.22 in 2024, marking a rise of approximately 13.8%[21]. Earnings Per Share - The basic earnings per share remained stable at ¥0.12, while diluted earnings per share also held steady at ¥0.12[3]. - Basic earnings per share remained stable at ¥0.34 in 2025, compared to ¥0.34 in 2024[22]. Non-Recurring Gains - The company reported non-recurring gains of ¥3,586,680.06 for the current period, with a total of ¥19,756,710.07 for the year-to-date[6]. Accounting Standards - The company did not apply new accounting standards for the year 2025[26].

Financial Performance - The company's operating revenue for the third quarter was ¥931,805,813.21, a decrease of 8.00% compared to the same period last year[4]. - The total profit for the quarter was ¥299,586,201.56, reflecting a decline of 29.49% year-over-year[4]. - The net profit attributable to shareholders was ¥193,748,721.69, down 30.08% from the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥194,305,549.15, a decrease of 29.44% year-over-year[4]. - The basic earnings per share for the quarter was ¥0.46, representing a decline of 29.23% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2025 reached ¥2,970,289,495.19, slightly up from ¥2,964,272,507.17 in the same period of 2024, representing a growth of 0.01%[20]. - Net profit for the first three quarters of 2025 was ¥826,093,366.95, down from ¥906,878,516.13 in 2024, reflecting a decrease of 8.87%[21]. - Earnings per share (EPS) for the first three quarters of 2025 was ¥1.92, compared to ¥2.08 in the same period of 2024, indicating a decline of 7.69%[21]. - The company reported a total profit of ¥1,186,094,478.40 for the first three quarters of 2025, slightly down from ¥1,236,998,231.30 in 2024, a decrease of 4.09%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,822,246,599.02, an increase of 19.46% compared to the end of the previous year[5]. - The equity attributable to shareholders was ¥8,987,661,191.15, up 10.37% from the previous year-end[5]. - As of September 30, 2025, the total current assets amounted to RMB 6,008,905,960.77, an increase from RMB 4,959,867,970.57 as of December 31, 2024, reflecting a growth of approximately 21.14%[15][16]. - The total assets of the company as of September 30, 2025, were RMB 21,822,246,599.02, compared to RMB 18,268,087,176.51 on December 31, 2024, marking an increase of around 19.00%[16]. - Total liabilities increased to ¥10,503,348,677.40 in 2025 from ¥7,824,225,902.35 in 2024, showing a growth of 34.12%[20]. - Non-current liabilities rose significantly to ¥7,246,822,768.05 in 2025 from ¥4,426,037,327.28 in 2024, an increase of 63.36%[20]. Cash Flow - The company reported a net cash flow from operating activities of ¥1,593,198,737.07 for the year-to-date, an increase of 8.19%[4]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately CNY 3.75 billion, an increase from CNY 3.51 billion in the same period of 2024, representing a growth of about 6.98%[25]. - Net cash flow from operating activities amounted to CNY 1.59 billion in the first three quarters of 2025, compared to CNY 1.47 billion in 2024, reflecting an increase of approximately 8.43%[25]. - Total cash outflow from investment activities in the first three quarters of 2025 was CNY 4.81 billion, significantly higher than CNY 1.32 billion in 2024, indicating a substantial increase in investment expenditures[26]. - Net cash flow from investment activities was negative at CNY -3.88 billion for the first three quarters of 2025, compared to CNY -1.31 billion in 2024, showing a worsening investment cash flow situation[26]. - Cash inflow from financing activities totaled CNY 3.80 billion in the first three quarters of 2025, compared to CNY 1.33 billion in 2024, marking a significant increase of approximately 184.4%[26]. - Net cash flow from financing activities was CNY 2.61 billion in the first three quarters of 2025, a substantial increase from CNY 34 million in 2024[26]. Investment and Expenditures - The company paid CNY 3.28 billion for the acquisition of fixed assets, intangible assets, and other long-term assets in the first three quarters of 2025, compared to CNY 844.77 million in 2024, highlighting a significant increase in capital expenditures[26]. - The company received CNY 900 million from investment recoveries in the first three quarters of 2025, indicating active management of investment portfolios[25]. - The company reported a cash inflow of CNY 50.3 million from investments received in the first three quarters of 2025, indicating ongoing interest from minority shareholders[26]. Other Financial Metrics - The weighted average return on equity was 2.18%, a decrease of 1.42 percentage points year-over-year[5]. - The financial expenses for the first three quarters of 2025 were ¥179,018,152.93, compared to ¥102,468,272.51 in 2024, indicating an increase of 74.66%[20]. - Other comprehensive income after tax for the first three quarters of 2025 was -¥226,224.86, contrasting with ¥3,987,711.60 in 2024, indicating a significant decline[21]. - The company's long-term equity investments were valued at RMB 729,444,294.49, slightly down from RMB 729,950,732.86[16]. - The inventory decreased to RMB 57,732,208.88 from RMB 66,273,241.27, showing a decline of about 13.00%[15]. - Short-term borrowings decreased significantly to RMB 25,613,933.52 from RMB 70,000,000.00, a reduction of approximately 63.42%[16]. - The total liabilities were not explicitly stated, but the current liabilities included accounts payable of RMB 1,435,592,793.70, down from RMB 1,555,151,856.56, indicating a decrease of about 7.71%[16]. - The company reported no significant changes in the shareholder structure or any related party transactions during the reporting period[13].

Revenue and Profitability - Revenue for Q3 2025 was CNY 421,605,411.16, a decrease of 39.78% year-over-year, and year-to-date revenue was CNY 1,556,021,993.54, down 29.13% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 63,507,610.17, a decline of 73.44% year-over-year, with year-to-date net profit at CNY 453,230,155.40, down 42.75%[4] - Basic earnings per share for Q3 2025 was CNY 0.083, a decrease of 72.33% compared to the same period last year, while diluted earnings per share was CNY 0.080, down 72.41%[4] - Total operating revenue for the current period is ¥1,556,021,993.54, a decrease of 29.1% compared to ¥2,195,690,243.92 in the previous period[25] - Net profit for the current period is ¥451,858,349.46, representing a decline of 42.7% from ¥788,826,841.30 in the previous period[26] - Basic earnings per share decreased to ¥0.59 from ¥0.99, a drop of 40.4%[26] Assets and Liabilities - Total assets as of September 30, 2025, were CNY 5,536,100,604.25, an increase of 2.84% from the end of the previous year[4] - The total current assets increased to ¥2,915,854,287.40 from ¥2,783,662,467.05, representing a growth of approximately 4.75%[22] - The total liabilities increased slightly from ¥2,048,784,541.14 to ¥2,107,445,959.36, reflecting a growth of about 2.00%[24] - The total equity attributable to shareholders rose from ¥3,333,906,225.54 to ¥3,429,268,141.05, an increase of approximately 2.87%[24] - The company's short-term borrowings decreased from ¥77,505,234.56 to ¥58,422,405.98, a reduction of about 24.65%[24] - The non-current liabilities increased from ¥1,281,991,218.31 to ¥1,422,240,153.75, representing a growth of about 10.95%[24] Cash Flow - Cash flow from operating activities year-to-date was CNY 573,240,155.17, a decrease of 34.23% compared to the same period last year[4] - Net cash flow from operating activities is ¥573,240,155.17, down 34.2% from ¥871,604,805.56 in the previous period[27] - Cash received from other operating activities increased by 69.88% to ¥96,557,078.25, mainly due to an increase in government subsidies related to assets[14] - Cash paid for other operating activities decreased by 34.12% to ¥265,858,918.17, attributed to cost control measures[14] - Cash received from investment income dropped by 64.20% to ¥8,757,199.60, mainly due to a decrease in maturing financial products[14] - Cash received from financing activities surged by 799.93% to ¥449,965,192.89, primarily due to the redemption of financial products related to financing activities[14] - Cash paid for debt repayment decreased by 91.18% to ¥32,120,327.44, reflecting a reduction in bank loan repayments[14] Financial Performance and Changes - The company reported a significant increase in trading financial assets, which rose by 241.90% to CNY 2,027,709,429.35 due to the purchase of wealth management products[8] - The company’s financial expenses increased by 33.65% to CNY 30,737,763.62, primarily due to adjustments in the funding structure and a decrease in deposit interest income[12] - The company experienced a 63.61% decline in other income, totaling CNY 18,950,231.78, mainly due to reduced government subsidies and VAT refunds[12] - The company reported a significant increase in fair value changes, with a gain of CNY 30,921,869.97, reflecting a 9137.44% increase due to changes in the fair value of held financial products[12] - Tax refunds received decreased by 33.63% to ¥946,942.18 compared to the previous year, primarily due to a reduction in VAT refunds[14] Market and Growth Opportunities - The number of hemodialysis patients in China is expected to grow by 12% year-on-year, reaching approximately 1.027 million by the end of 2024[15] - The introduction of new medical service pricing guidelines in June 2025 will include independent pricing for "hemodialysis perfusion" and "plasma adsorption," indicating a policy-driven growth opportunity[15] - The company is actively expanding into international markets and increasing new product development in metabolic cardiovascular diseases and related health management[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,243[18] Accounting and Audit - The company has not undergone an audit for the third quarter financial report[29] - The company plans to implement new accounting standards starting from 2025[29]

Financial Performance - The company's operating revenue for the third quarter reached ¥56,021,033.87, an increase of 16.54% compared to the same period last year[4] - Total profit for the quarter was ¥5,208,841.85, reflecting a significant increase of 294.96% year-over-year[4] - Net profit attributable to shareholders was ¥5,965,270.89, up 237.64% from the previous year[4] - Basic earnings per share for the quarter were ¥0.04, representing a 233.33% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥156,057,979.41, an increase of 5.8% compared to ¥148,311,250.58 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥10,595,768.44, a significant recovery from a net loss of ¥810,499.78 in the same period of 2024[22] - Earnings per share for the first three quarters of 2025 were ¥0.10, compared to ¥0.04 in the same period of 2024, indicating a 150% increase[23] - The total comprehensive income for the first three quarters of 2025 was ¥11,365,996.85, a recovery from a loss of ¥785,374.73 in the same period of 2024[23] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥258,934.31, a deterioration of 97.68% compared to the same period last year[4] - Operating cash inflow totaled $199.65 million, up from $131.79 million year-over-year[27] - Cash outflow from operating activities was $204.15 million, compared to $152.38 million in the previous year[27] - Net cash flow from operating activities was -$4.50 million, an improvement from -$20.59 million year-over-year[27] - Cash inflow from investment activities was $25.04 million, down from $985.28 million in the previous year[27] - Cash outflow from investment activities totaled $47.97 million, compared to $974.45 million last year[27] - Net cash flow from investment activities was -$22.93 million, a decline from $10.83 million year-over-year[27] - Cash inflow from financing activities was $14.71 million, down from $23.54 million in the previous year[29] - Cash outflow from financing activities was $6.46 million, compared to $15.05 million last year[29] - Net cash flow from financing activities was $8.24 million, slightly down from $8.49 million year-over-year[29] - The ending cash and cash equivalents balance was $137.94 million, down from $159.99 million at the end of the previous year[29] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,544,836,085.14, a slight increase of 0.37% from the end of the previous year[5] - The total current assets as of September 30, 2025, amounted to RMB 1,215,045,444.13, showing an increase from RMB 1,196,396,879.83 as of December 31, 2024, representing a growth of approximately 1.5%[17] - Total liabilities decreased to ¥96,058,675.71 in 2025 from ¥119,200,213.96 in 2024, showing a reduction of approximately 19.4%[20] - Owner's equity attributable to shareholders increased to ¥1,435,033,515.43 in 2025 from ¥1,402,874,383.57 in 2024, reflecting a growth of 2.3%[20] - Total assets reached RMB 1,544,836,085.14, slightly up from RMB 1,539,163,337.61, showing a marginal increase of approximately 0.4%[18] Research and Development - Research and development expenses totaled ¥11,722,614.67, accounting for 20.93% of operating revenue, an increase of 4.69 percentage points year-over-year[5] - Research and development expenses for the first three quarters of 2025 were ¥27,453,429.72, compared to ¥24,366,528.85 in 2024, marking an increase of 12.8%[21] Shareholder Information - The company reported a total of 9,862 common shareholders at the end of the reporting period[12] - The top shareholder, HU ERIC GANG, holds 9,487,066 shares, representing 6.92% of the total shares[12] Operational Issues - The company has not reported any significant changes in shareholder relationships or financing activities during the reporting period[14] - There are no applicable audit opinions for the financial statements as they are unaudited[15] - The company has not identified any other significant operational issues during the reporting period[15] Other Income - The company reported a significant increase in other income, totaling ¥2,853,312.23 in 2025 compared to ¥293,569.96 in 2024[22] Inventory and Receivables - Accounts receivable decreased to RMB 57,562,253.96 from RMB 67,159,276.75, a decline of about 14%[17] - Inventory increased significantly to RMB 85,598,891.55 from RMB 54,577,004.67, representing an increase of approximately 56.9%[18]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥421,832,609.43, representing a year-over-year increase of 30.45%[3] - Total profit for the quarter was ¥170,461,695.86, up 89.02% compared to the same period last year[3] - Net profit attributable to shareholders was ¥124,912,461.06, reflecting an 83.89% increase year-over-year[3] - The net profit after deducting non-recurring gains and losses was ¥123,589,954.26, which is an increase of 85.56% from the previous year[3] - The basic earnings per share for the quarter was ¥0.018, an increase of 80.00% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,036,614,562.56, a 19.9% increase compared to ¥864,742,464.13 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥245,533,643.04, up 80.1% from ¥136,251,511.92 in the first three quarters of 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.036, compared to ¥0.020 in the same period of 2024[21] - The company reported a total comprehensive income of ¥245,123,692.79 for the first three quarters of 2025, compared to ¥135,680,156.42 in 2024, reflecting a significant increase[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,002,004,857.61, an increase of 8.58% from the end of the previous year[3] - As of September 30, 2025, total assets reached CNY 20,002,004,857.61, an increase from CNY 18,421,363,692.69 as of December 31, 2024, representing a growth of approximately 8.6%[14] - Total liabilities were CNY 10,057,612,982.02, up from CNY 8,721,893,935.35, which is an increase of about 15.3%[15] - The company's equity attributable to shareholders rose to CNY 9,945,279,402.69 from CNY 9,700,261,958.94, showing an increase of approximately 2.5%[16] - The company's total equity (including minority interests) was CNY 9,944,391,875.59, compared to CNY 9,699,469,757.34, reflecting a growth of about 2.5%[16] Cash Flow and Liquidity - Cash and cash equivalents amounted to CNY 7,436,622,373.68, up from CNY 6,837,235,092.75, indicating an increase of about 8.8%[14] - The net cash flow from operating activities was ¥400,612,617.81, down 70.4% from ¥1,353,875,172.63 in the previous year[23] - Cash and cash equivalents at the end of the period amounted to ¥9,389,447,136.84, an increase from ¥8,072,725,811.58 at the end of the same period in 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 365,169[10] - The company has pledged 580,810,000 shares to Huachuang Securities, with a total of 744,039,975 shares frozen and subject to judicial auction[12] Risk and Coverage Ratios - The risk coverage ratio decreased to 484.42% from 514.79% at the end of the previous year[6] - The liquidity coverage ratio significantly decreased to 813.68% from 1,963.29% at the end of the previous year[6] Income Sources - Net interest income increased to ¥193,953,386.53, compared to ¥186,270,435.47 in the previous year, reflecting a growth of 3.6%[19] - The net income from commission and fee-based services rose to ¥497,626,653.72, a 10.9% increase from ¥448,639,581.59 in 2024[19] - Investment income surged to ¥305,251,471.72, significantly higher than ¥143,957,675.90 in the same period last year, marking a growth of 112.5%[19] Operating Expenses - Operating expenses totaled ¥698,499,427.20, a slight increase of 3.6% from ¥676,855,628.76 in 2024[20]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥406,794,256.65, representing a 2.76% increase year-over-year[4] - Net profit attributable to shareholders was ¥69,861,041.47, up 13.29% compared to the same period last year[4] - The basic earnings per share increased by 15.08% to ¥0.1366 for the current period[4] - Total operating revenue for the current period reached ¥1,167,602,224.43, an increase of 7.4% compared to ¥1,082,325,012.30 in the previous period[21] - Net profit for the current period was ¥204,312,790.12, representing a growth of 11.4% from ¥183,343,938.37 in the previous period[22] - Basic earnings per share increased to ¥0.3573 from ¥0.3232, marking a rise of 10.6%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,310,054,116.09, reflecting a 3.93% increase from the end of the previous year[4] - Total assets reached ¥2,310,054,116.09, compared to ¥2,222,709,961.44, indicating a growth of 3.9%[19] - Total liabilities increased to ¥834,279,303.35 from ¥814,055,748.31, reflecting a rise of 2.7%[19] - Non-current assets totaled ¥1,480,068,112.76, up from ¥1,398,754,616.01, showing an increase of 5.8%[19] - Current liabilities decreased slightly to ¥558,402,423.00 from ¥577,595,822.70, a decline of 3.4%[19] Cash Flow - Operating cash inflow for the current period reached ¥1,354,172,234.70, an increase of 11.6% compared to ¥1,212,962,998.57 in the previous period[24] - Net cash flow from operating activities was ¥325,422,401.90, slightly up from ¥323,591,496.43 in the previous period[24] - Cash inflow from investment activities totaled ¥488,203,748.46, significantly higher than ¥154,621,615.16 in the previous period[25] - Net cash flow from investment activities was -¥272,215,709.56, worsening from -¥224,909,519.62 in the previous period[25] - Cash inflow from financing activities was ¥81,840,000.00, down from ¥168,434,775.00 in the previous period[25] - Net cash flow from financing activities was -¥199,338,269.68, compared to -¥186,197,100.44 in the previous period[25] - The ending balance of cash and cash equivalents was ¥135,355,790.28, up from ¥111,439,210.26 in the previous period[25] Investments - The company reported a significant increase in investment income of 1339.59%, totaling ¥3,513,977.61, primarily due to increased financial management returns[8] - The company reported an investment income of ¥3,513,977.61, recovering from a loss of ¥283,479.34 in the previous period[22] - The company received ¥479,831,813.95 from investment recoveries, a substantial increase from ¥152,241,110.00 in the previous period[25] - The company paid ¥570,471,075.00 for investments, significantly higher than ¥223,000,000.00 in the previous period[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,101[11] - The largest shareholder, Peng Yixing, holds 32,231,511 shares, representing a significant portion of the company's equity[12] - The company has a total of 165,183,790 shares subject to lock-up agreements, with 2,831,750 shares released during the period[15] - The company has a total of 96,694,533 shares under lock-up for Peng Yixing, which will remain locked for 75% of the term[14] - The company has not reported any changes in the status of its major shareholders participating in margin trading activities[12] Other Financial Metrics - The company’s weighted average return on equity was 5.15%, an increase of 0.41% from the previous year[4] - The company received government subsidies amounting to ¥20,147,396.69, a 73.66% increase compared to the previous year[8] - Research and development expenses for the current period were ¥50,894,409.75, compared to ¥44,733,074.43, an increase of 13.4%[21] - Cash and cash equivalents decreased by 48.67% to ¥148,770,600.97, mainly due to increased purchases of financial products[9] - The company reported a decrease in cash and cash equivalents, with a balance of ¥148,770,600.97 compared to ¥289,846,781.19 at the beginning of the period, reflecting a decline of approximately 48.7%[17] - Trading financial assets increased significantly to ¥321,713,269.90 from ¥178,481,242.87, marking an increase of about 80.0%[17] - Inventory levels rose to ¥215,956,705.08 from ¥195,673,582.44, indicating an increase of approximately 10.4%[17] - Accounts receivable slightly decreased to ¥81,576,277.11 from ¥83,256,881.36, a decline of about 2.0%[17] - The company’s total current assets include various components, with a notable increase in prepayments to ¥15,806,640.89 from ¥13,223,949.61, an increase of about 19.5%[17] - The company’s total receivables financing increased to ¥7,373,398.77 from ¥2,770,415.37, reflecting a growth of approximately 165.5%[17]

Financial Performance - Total operating revenue for Q3 2025 reached ¥356,805,612.58, an increase of 8.24% compared to the same period last year[4] - Total profit for the period was ¥237,724,949.18, reflecting a growth of 10.18% year-over-year[4] - Net profit attributable to shareholders was ¥167,660,138.25, up 15.14% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥167,317,799.19, representing a 16.48% increase year-over-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥906,167,795.89, an increase of 4.9% compared to ¥869,024,201.65 in the same period of 2024[15] - Operating profit for the first three quarters of 2025 was ¥561,513,656.06, slightly higher than ¥553,753,140.80 in 2024, indicating a growth of 1.4%[15] - The net profit for the first three quarters of 2025 is CNY 430,013,825.24, an increase from CNY 423,853,661.31 in the same period of 2024, representing a growth of approximately 1.4%[16] - The total comprehensive income for the first three quarters of 2025 is CNY 430,013,825.24, compared to CNY 423,853,661.31 in 2024, indicating a year-over-year increase of about 1.4%[16] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥6,502,649,909.05, an increase of 3.52% from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥2,347,939,662.87, compared to ¥1,955,218,826.65 at the end of 2024, representing an increase of 20%[12] - Total assets reached ¥6,502,649,909.05 as of September 30, 2025, compared to ¥6,281,374,586.10 at the end of 2024, marking a growth of 3.5%[13] - Total liabilities decreased to ¥414,269,037.27 as of September 30, 2025, down from ¥460,419,964.78 at the end of 2024, a reduction of 10%[13] Shareholder Information - Shareholder equity attributable to the parent company was ¥5,619,520,477.43, up 4.33% from the previous year[5] - The number of ordinary shareholders at the end of the reporting period was 41,203[9] - The largest shareholder, Jilin Provincial Expressway Group Co., Ltd., holds 54.35% of the shares[9] Cash Flow and Expenses - The company's cash and cash equivalents increased to ¥2,011,535,138.29 as of September 30, 2025, compared to ¥1,670,361,842.38 at the end of 2024, reflecting a growth of 20.4%[12] - The operating cash flow for the first three quarters of 2025 is CNY 519,095,483.53, up from CNY 495,038,951.78 in 2024, reflecting an increase of approximately 4.1%[19] - The cash and cash equivalents at the end of the third quarter of 2025 amount to CNY 2,004,495,325.79, compared to CNY 1,806,344,022.07 at the end of the same period in 2024, showing a growth of about 11%[20] - The company reported a decrease in cash inflow from operating activities, totaling CNY 936,991,659.13 in 2025, down from CNY 949,738,086.33 in 2024, which is a decline of approximately 1.3%[19] - The cash outflow from investing activities for the first three quarters of 2025 is CNY 9,523,607.36, a decrease from CNY 10,547,345.61 in 2024, indicating a reduction of about 9.7%[20] - The net cash flow from financing activities in 2025 is CNY -162,554,670.54, compared to CNY -176,960,996.50 in 2024, showing an improvement of approximately 8.1%[20] Expenses - The company reported a decrease in management expenses to ¥47,734,457.74 in the first three quarters of 2025, down from ¥51,088,797.60 in 2024, a decline of 6.9%[15] - Research and development expenses increased to ¥2,807,487.13 in the first three quarters of 2025, compared to ¥2,493,305.38 in 2024, reflecting a growth of 12.6%[15] Other Information - The weighted average return on equity for the period was 3.01%, a decrease of 4.17 percentage points compared to the previous year[5] - The company received government subsidies amounting to ¥276,424.68 during the period, contributing to its non-recurring gains[7] - The basic and diluted earnings per share remain stable at CNY 0.21 for both 2025 and 2024[16] - The company has not reported any net profit from subsidiaries prior to consolidation for both periods[16] - The company is not applying new accounting standards for the year 2025[21]