Financial Performance - Total revenue for Q3 2025 was approximately ¥2.21 billion, a decrease of 1.20% compared to the same period last year[3] - Net profit attributable to shareholders was approximately -¥223.53 million, with a year-to-date net profit of -¥385.49 million, indicating significant losses[3] - The company reported a significant decline in total revenue year-to-date, down 28.74% due to factors such as raw material price decreases and adjustments in customer product structure[9] - Total operating revenue for the first three quarters of 2025 was CNY 6.56 billion, a decrease from CNY 9.21 billion in the same period of 2024, representing a decline of approximately 28.8%[16] - Net profit for the first three quarters of 2025 was a loss of CNY 385.49 million, compared to a loss of CNY 303.79 million in 2024, reflecting an increase in losses of approximately 27%[16] - The company reported a total comprehensive loss of CNY 288.77 million for the first three quarters of 2025, compared to a loss of CNY 302.12 million in 2024, indicating a slight improvement in overall performance[17] Cash Flow - The net cash flow from operating activities increased by 49.15% year-to-date, amounting to approximately ¥413.63 million, attributed to improved customer payment collection[9] - Cash flow from operating activities for the first three quarters of 2025 was CNY 413.63 million, an increase from CNY 277.33 million in 2024, showing a growth of about 49%[19] - Cash flow from investing activities for the first three quarters of 2025 was a net outflow of CNY 143.39 million, compared to a net outflow of CNY 1.88 billion in 2024, indicating a significant improvement[19] - Cash flow from financing activities for the first three quarters of 2025 resulted in a net outflow of CNY 476.50 million, compared to a net outflow of CNY 385.25 million in 2024, showing a slight increase in outflows[22] Assets and Liabilities - Total assets decreased by 7.93% from the end of the previous year, totaling approximately ¥24.52 billion[4] - As of September 30, 2025, the total assets amounted to RMB 24,516,239,376.56, a decrease from RMB 26,627,192,608.24 as of December 31, 2024, reflecting a decline of approximately 7.94%[14] - The company's current assets totaled RMB 11,429,945,013.44, down from RMB 12,940,247,293.38, indicating a decrease of about 11.66%[13] - Total liabilities decreased to RMB 14,893,394,894.25 from RMB 16,715,575,148.16, a reduction of approximately 10.96%[14] - The company's equity attributable to shareholders decreased to RMB 9,622,844,482.31 from RMB 9,911,617,460.08, reflecting a decline of about 2.91%[14] Shareholder Information - The top shareholder, Farasis Energy (Asia Pacific) Limited, holds 15.22% of the shares, totaling 186,051,508 shares[11] Accounting and Reporting - The company has not reported any audited financial statements for this quarter[3] - The company has implemented a retrospective adjustment for accounting policy changes, affecting the presentation of financial statements for the previous year[5] Other Financial Metrics - Research and development expenses totaled approximately ¥164.08 million for the quarter, a decrease of 12.25% year-over-year, representing 7.42% of total revenue[4] - The weighted average return on equity was -2.30% for the quarter, reflecting ongoing financial challenges[4] - Inventory increased to RMB 3,265,731,463.52 from RMB 2,717,591,760.47, representing a growth of approximately 20.19%[13] - Short-term borrowings rose to RMB 2,041,348,685.64 from RMB 1,860,885,049.13, an increase of about 9.72%[14] - The cash and cash equivalents decreased to RMB 4,785,477,220.76 from RMB 6,174,621,384.93, a decline of approximately 22.47%[13] - The company's long-term investments increased to RMB 387,799,014.98 from RMB 306,712,362.19, showing an increase of about 26.43%[13] - The total non-current assets amounted to RMB 13,086,294,363.12, a slight decrease from RMB 13,686,945,314.86, indicating a decline of approximately 4.39%[14] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.32, compared to CNY -0.25 in 2024, indicating a worsening in per-share losses[17] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 96.72 million, significantly higher than CNY 1.67 million in 2024, reflecting a substantial increase[17]

Financial Performance - The company's operating revenue for the third quarter reached ¥503,679,784.21, an increase of 7.36% compared to the same period last year[4] - The total profit for the quarter was ¥39,758,195.98, representing a significant increase of 43.42% year-over-year[4] - Net profit attributable to shareholders was ¥39,422,574.14, up by 42.33% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥36,042,729.05, reflecting a substantial increase of 54.23% year-over-year[4] - Basic earnings per share for the quarter were ¥0.10, an increase of 42.86% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,426,093,782.01, an increase of 11.1% compared to ¥1,283,632,049.70 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥110,276,945.79, a decrease of 5.5% from ¥116,145,053.26 in the same period of 2024[21] - Earnings per share for the first three quarters of 2025 were ¥0.27, compared to ¥0.29 in the same period of 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,081,547,542.15, a decrease of 1.62% from the end of the previous year[5] - The total assets amounted to ¥4,081,547,542.15, a slight decrease from ¥4,148,568,542.66 at the end of the previous period[16] - Total liabilities decreased to ¥1,550,166,240.92 from ¥1,649,125,181.78, indicating a reduction of approximately 6.0%[16] - Non-current assets totaled ¥1,971,083,519.27, an increase from ¥1,924,899,973.68, reflecting a growth of 2.4%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,405[11] - The largest shareholder, Ningbo Sichi Venture Capital Partnership, holds 51.67% of shares, totaling 209,958,539 shares[11] - Zhang Zhenchao, a natural person, holds 22.71% of shares, totaling 92,300,000 shares[11] Cash Flow - The decrease in cash flow from operating activities was primarily due to a reduction in cash received related to operating activities[9] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 1,369,649,460.15, a decrease of 9.95% compared to CNY 1,521,795,637.97 in the same period of 2024[24] - The net cash flow from operating activities was CNY -246,374,721.62, worsening from CNY -104,377,740.40 year-over-year[24] - The cash inflow from investment activities totaled CNY 498,894,058.67, significantly increasing from CNY 202,412,921.88 in the previous year[25] - The net cash flow from investment activities was CNY 36,711,546.15, recovering from CNY -103,391,972.13 in the same period of 2024[25] - The cash inflow from financing activities reached CNY 1,995,803,929.68, up from CNY 1,073,051,288.12 year-over-year[25] - The net cash flow from financing activities was CNY 98,731,754.89, improving from CNY -16,232,681.35 in the previous year[25] - The total cash and cash equivalents at the end of the period were CNY 1,299,536,359.17, down from CNY 1,389,990,810.02 at the end of Q3 2024[25] Operational Insights - The company has not disclosed any significant changes in shareholder relationships or actions[12] - There are no applicable reminders regarding the company's operational situation during the reporting period[13] - Research and development expenses for the first three quarters of 2025 were ¥337,007,552.91, slightly up from ¥326,008,690.85 in the previous year[20] - The company reported an investment income of ¥11,327,124.67, which is an increase from ¥8,792,388.34 in the same period of 2024[20] - Deferred income tax liabilities decreased to ¥1,673,175.95 from ¥2,080,288.01, showing a reduction of approximately 19.5%[16] Current Assets - Total current assets as of September 30, 2025, amount to ¥2,110,464,022.88, a decrease from ¥2,223,668,568.98 as of December 31, 2024[14] - Cash and cash equivalents are reported at ¥1,377,581,315.02, down from ¥1,459,628,936.50[14] - Accounts receivable increased to ¥281,136,316.13 from ¥172,607,389.96[14] - Inventory has risen to ¥204,864,094.62, compared to ¥163,429,089.95 previously[14] - Long-term equity investments increased to ¥36,032,225.05 from ¥31,687,522.19[14] Non-Recurring Gains and Losses - Non-recurring gains and losses for the period amounted to ¥3,379,845.09, with government subsidies contributing ¥5,357,264.63[7]

安徽江淮汽车集团股份有限公司 2025 年第三季度报告 证券代码：600418 证券简称：江淮汽车 安徽江淮汽车集团股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 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。 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 2 / 12 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减变动幅度(%) | 年初至报告期末 | 比上年同期增减 | | | | | | 变动幅度(%) | | 营业收入 | 11,513,038,135.22 | 5.54 | 30,8 ...

长沙银行股份有限公司 2025 年第三季度报告 证券代码：601577 证券简称：长沙银行 编号：2025-051 优先股代码：360038 优先股简称：长银优 1 长沙银行股份有限公司 2025 年第三季度报告 本行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 本行董事会及董事、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、误导性陈述或者重大遗漏，并承担个别和连带 的法律责任。 本行负责人赵小中、主管会计工作负责人李兴双及会计机构负责人 罗岚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 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 一、主要财务数据 （二）非经常性损益项目和金额 √适用 □不适用 （一）主要会计数据和财务指标 | | | | | 单位：千元 | 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 ...

中国能源建设股份有限公司 2025 年第三季度报告 公司 A 股代码：601868 公司 A 股简称：中国能建 公司 H 股代码：03996 公司 H 股简称：中国能源建设 中国能源建设股份有限公司 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。 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 | | | 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 | 111,453,239 | 1 ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 5,856,929 thousand, representing a year-on-year increase of 54.64%[4] - The total profit for the quarter was CNY -204,136 thousand, a decline of 184.50% compared to the same period last year[4] - The net profit attributable to shareholders was CNY -88,275 thousand, down 135.13% year-on-year[4] - The basic earnings per share for the quarter was CNY -0.0728, down 135.19% compared to the same period last year[4] - Net profit for the first three quarters of 2025 was CNY 121,824 thousand, a decrease from CNY 684,844 thousand in 2024, reflecting a decline of approximately 82.2%[20] - The company reported a basic earnings per share of CNY 0.1005 for the first three quarters of 2025, down from CNY 0.5707 in the same period of 2024[21] Cash Flow - The net cash flow from operating activities was CNY -74,017 thousand, an increase of 81.59% compared to the previous year[4] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 1,169,622 thousand, an improvement compared to -CNY 3,209,590 thousand in 2024[23] - Cash inflow from investment activities in the first three quarters of 2025 totaled CNY 1,913,753 thousand, compared to CNY 740,784 thousand in 2024, marking an increase of about 158.5%[23] - Cash outflow from investment activities for the first three quarters of 2025 was CNY 5,610,264 thousand, up from CNY 4,777,538 thousand in 2024, indicating an increase of approximately 17.4%[23] - Cash and cash equivalents at the end of the period were 4,615,552 thousand, slightly down from 4,616,993 thousand[25] - The net increase in cash and cash equivalents was -5,537,825 thousand, compared to -6,358,370 thousand in the prior period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,206,955 thousand, reflecting a 9.19% increase from the end of the previous year[5] - The company's current assets totaled RMB 32,194,681 thousand, up from RMB 29,406,463 thousand, indicating an increase of about 9.6%[15] - The company's total liabilities increased to RMB 30,306,558 thousand from RMB 24,553,637 thousand, marking a growth of around 23.4%[16] - The total liabilities as of the end of the reporting period were CNY 31,933,733 thousand, an increase from CNY 27,679,633 thousand in the previous year, representing a growth of about 15.4%[17] - The total equity attributable to shareholders was CNY 13,273,219 thousand, a decrease from CNY 13,723,674 thousand in the previous year, reflecting a decline of approximately 3.3%[17] Shareholder Information - The company has a total of 12,514 common shareholders as of the report date[12] - The top shareholder, Liang Wengen, holds 45.73% of the shares, with a total of 560,874,900 shares[12] Operational Challenges - The company experienced a significant decline in profit due to lower wind turbine bidding prices and the impact of low-margin orders expected to be delivered in 2025[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -112,397 thousand, a decrease of 150.26% year-on-year[10] Research and Development - Research and development expenses totaled CNY 212,534 thousand, accounting for 3.63% of operating revenue, a decrease of 1.06 percentage points year-on-year[5] Accounting Standards - The company will not apply new accounting standards starting from 2025[26]

Financial Performance - The company's operating revenue for the third quarter was ¥502,323,912.19, a decrease of 4.63% compared to the same period last year[4] - The total profit for the quarter was ¥41,731,624.10, an increase of 39.67% year-on-year[4] - The net profit attributable to shareholders was ¥31,124,800.80, reflecting a year-on-year increase of 17.65%[4] - The net profit after deducting non-recurring gains and losses was ¥18,680,332.07, down 22.76% from the previous year[4] - The basic earnings per share for the quarter was ¥0.0389, an increase of 192.48% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,627,679,571.76, an increase of 6.3% compared to ¥1,531,184,186.88 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥140,660,441.44, compared to ¥116,204,650.78 in 2024, representing an increase of 20.9%[19] - Earnings per share for the first three quarters of 2025 were ¥0.1291, up from ¥0.1089 in the same period of 2024, indicating a growth of 20.1%[20] - The company reported a total comprehensive income of ¥151,344,501.27 for the first three quarters of 2025, compared to ¥93,302,852.81 in 2024, reflecting a significant increase of 62.2%[20] - Total comprehensive income for the first three quarters of 2025 was ¥130,443,948.01, significantly higher than ¥69,595,831.91 in 2024[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,132,078,831.33, a decrease of 5.32% compared to the end of the previous year[5] - The company's total current assets decreased from CNY 2,203,212,618.97 on December 31, 2024, to CNY 1,998,618,079.40 on September 30, 2025, a decrease of approximately 9.3%[14] - Total assets decreased from CNY 4,364,251,278.58 to CNY 4,132,078,831.33, a decrease of about 5.3%[15] - The total liabilities decreased from ¥1,035,283,776.93 in 2024 to ¥764,014,848.46 in 2025, a reduction of approximately 26.1%[16] - The total current liabilities decreased from CNY 921,688,016.81 to CNY 679,181,135.88, a decrease of approximately 26.4%[15] - The total liabilities decreased to CNY 617,685,227.39 from CNY 891,421,057.13, indicating a reduction in financial obligations[28] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥37,735,942.62, down 86.95% year-on-year[4] - The cash flow from operating activities for the first three quarters of 2025 was ¥1,620,014,285.94, slightly up from ¥1,598,758,859.81 in 2024, indicating a growth of 1.3%[23] - The net cash flow from operating activities was CNY 37,735,942.62, a decrease of 87% compared to CNY 289,056,585.24 in the previous period[24] - Total cash inflow from investment activities was CNY 1,629,967,945.93, up from CNY 1,312,740,897.37, while cash outflow was CNY 1,699,750,706.96, resulting in a net cash flow of -CNY 69,782,761.03[24] - Cash flow from operating activities showed a net outflow of ¥60,330,402.87 in 2025, contrasting with a net inflow of ¥234,713,533.43 in 2024[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 85,684[11] - Jiangsu Hengshun Group Co., Ltd. holds 40.58% of shares, totaling 449,036,422 shares[11] - The company has no significant changes in the shareholding structure among the top shareholders, indicating stability in ownership[12] Expenses - The company reported a significant increase in total profit due to a reduction in market expenses[9] - Research and development expenses for the first three quarters of 2025 were ¥79,872,027.17, compared to ¥69,215,872.25 in 2024, marking an increase of 15.5%[19] - Research and development expenses increased to ¥67,784,277.11 in 2025, a rise of 16.6% from ¥58,133,797.47 in 2024[30] - The company reported a decrease in sales expenses to ¥232,930,019.58 in 2025, down 6.1% from ¥248,204,333.70 in 2024[30] Inventory and Cash Management - Cash and cash equivalents decreased from CNY 604,042,706.68 to CNY 446,579,913.02, a decline of about 26.0%[14] - The company’s inventory decreased to CNY 121,796,364.78 from CNY 136,830,857.83, indicating improved inventory management[26] - Cash and cash equivalents at the end of the period were CNY 444,827,913.02, down from CNY 552,869,597.59[25] - The cash and cash equivalents at the end of the period were ¥260,353,593.19, down from ¥363,118,692.09 at the end of 2024[34] Other Information - The company received government subsidies amounting to ¥3,753,124.66 during the quarter, contributing to its non-recurring gains[7] - The company did not apply new accounting standards for the year 2025[35]

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。 凯瑞德控股股份有限公司 2025 年第三季度报告 证券代码：002072 证券简称：凯瑞德 公告编号：2025-L051 凯瑞德控股股份有限公司 2025 年第三季度报告 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 凯瑞德控股股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 123,160,165.81 | -29.06% | ...

Financial Performance - Total revenue for Q3 2025 was approximately ¥979.33 million, a decrease of 87.76% year-over-year[4]. - Net profit attributable to shareholders was approximately -¥3.00 billion, with a year-to-date loss of -¥9.83 billion[4]. - Total revenue for the first three quarters of 2025 was CNY 3,882,176,145.67, a significant decrease from CNY 13,911,717,667.93 in the same period of 2024, representing a decline of approximately 72%[35]. - The operating profit for the first three quarters of 2025 was a loss of CNY 10,743,276,389.84, compared to a loss of CNY 2,306,020,182.49 in 2024, reflecting a worsening of approximately 366%[36]. - Net profit for the first three quarters of 2025 was a loss of CNY 9,925,018,298.11, compared to a loss of CNY 2,009,646,006.22 in 2024, indicating an increase in losses of about 394%[36]. - The company's cash inflow from sales of goods and services was ¥4.61 billion in the first three quarters of 2025, down from ¥6.67 billion in the same period of 2024, a decrease of approximately 31%[40]. - The company's cash outflow for operating activities was ¥9.20 billion in the first three quarters of 2025, slightly down from ¥9.75 billion in the same period of 2024, a decrease of about 6%[40]. - The company's net profit attributable to the parent company's shareholders for the first three quarters of 2025 was a loss of ¥9.83 billion, compared to a loss of ¥2.24 billion in the same period of 2024, representing an increase in loss of approximately 339%[37]. - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 was a loss of ¥9.57 billion, compared to a loss of ¥1.66 billion in the same period of 2024, indicating a worsening of approximately 476%[37]. Cash Flow and Liquidity - Operating cash flow for the year-to-date period was -¥3.72 billion, indicating significant cash flow challenges[4]. - The net cash flow from operating activities for the first three quarters of 2025 was -¥3.72 billion, compared to -¥1.94 billion in the same period of 2024, reflecting a decline of approximately 92%[40]. - Cash inflows from operating activities totaled ¥5.48 billion in the first three quarters of 2025, down from ¥7.81 billion in the same period of 2024, a decrease of about 30%[40]. - The ending cash and cash equivalents balance as of September 30, 2025, was ¥1.53 billion, down from ¥3.71 billion at the end of 2024, a decrease of approximately 59%[41]. - The company's cash flow from investment activities showed no inflow, contrasting with an inflow of ¥178.16 million in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥274.52 billion, down 9.81% from the previous year[5]. - The total assets as of the latest reporting period were CNY 274,517,650,689.64, slightly down from CNY 304,389,031,558.94[33]. - Total liabilities decreased from CNY 285,152,066,101.03 to CNY 264,739,199,355.46, a reduction of approximately 7%[33]. - The company's total liabilities as of September 30, 2025, increased compared to the end of 2024, indicating a potential increase in financial leverage[42]. - The total equity decreased slightly to ¥14.43 billion from ¥14.49 billion year-over-year, a decline of about 0.4%[44]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 166,978[11]. - Huaxia Happiness Holdings Co., Ltd. held 450,209,366 shares, accounting for 11.50% of the total share capital[11]. - China Ping An Life Insurance Company held a total of 414,223,338 shares, representing 10.58% of the total share capital[11]. - The combined shareholding of Huaxia Holdings and its concerted parties reached 566,427,902 shares, which is 14.47% of the total share capital[12]. - As of September 30, 2025, China Ping An Life and its concerted parties held 985,729,553 shares, amounting to 25.19% of the total share capital[12]. Debt and Restructuring - The company has indicated a focus on restructuring and potential asset disposals to improve financial stability moving forward[9]. - As of the report date, approximately RMB 1,926.69 billion of financial debt has been restructured, including RMB 371.3 billion of domestic corporate bonds and USD 4.96 billion (approximately RMB 335.32 billion) of overseas bonds[19]. - The company is actively working on debt restructuring plans to ensure creditor interests are protected, adhering to the principle of "no evasion of debt"[18]. - The "Happiness Selected Platform" has approximately RMB 174.54 billion in financial debt settled through equity compensation, with creditors receiving about 43.00% of the platform's equity[20]. - The company aims to use trust plan beneficiary rights to settle up to RMB 240.01 billion in financial debt[21]. Development and Projects - The company has a total of 4,126,753.45 square meters of land held for development, with 5,818,880.44 square meters of planned construction area and 7,108,330.30 square meters of area involved in cooperative development projects[15]. - The company completed the delivery of all residential projects since the end of 2020, with 4 remaining apartment projects totaling 8,551 units and 66.2 million square meters yet to be delivered[17]. - The company has engaged in cooperative development projects, with specific areas having significant ownership stakes, such as 90.00% in Yongqing area and 51.00% in Harbin Songbei area[15]. - The company has signed agreements for the transfer of equity related to various real estate projects, with some transactions already completed[20]. - The company has accumulated a total of 57 signed projects in market expansion, with 11 new projects signed in the third quarter of 2025[27]. Operational Performance - The company’s property service segment achieved revenue of approximately 1.014 billion RMB from January to September 2025, with a year-on-year increase of about 1.43% in value-added services revenue[27]. - As of September 30, 2025, the total managed area for urban services was approximately 64.8853 million square meters, with an increase of about 1.5423 million square meters in the first nine months of 2025[26]. - The company is focusing on becoming a leading urban service provider in China, with a commitment to high-quality urban development[26].

Financial Performance - Operating revenue for Q3 2025 reached ¥1,014,592,185.29, an increase of 77.10% compared to the same period last year[5] - Total profit for Q3 2025 was ¥347,028,644.30, reflecting a growth of 98.17% year-on-year[5] - Net profit attributable to shareholders for Q3 2025 was ¥282,574,637.56, up 97.95% from the previous year[5] - The net profit excluding non-recurring gains and losses for Q3 2025 was ¥285,735,619.39, a 102.52% increase year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,518,133,142.43, a significant increase from ¥1,763,977,350.46 in the same period of 2024, representing a growth of approximately 42.7%[25] - Net profit for the first three quarters of 2025 was ¥705,743,629.65, compared to ¥481,796,773.70 in 2024, indicating an increase of about 46.7%[25] - Basic earnings per share for the first three quarters of 2025 were ¥0.11, compared to ¥0.07 in 2024, representing a growth of about 57.1%[25] - Net profit for the first three quarters of 2025 was ¥714,859,047.97, up from ¥628,796,248.64, representing a growth of 13.7%[31] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥96,533,920,911.93, a 15.96% increase from the end of the previous year[5] - Total assets increased to ¥96,533,920,911.93 in 2025 from ¥83,249,447,492.98 in 2024, showing a growth of approximately 15.9%[23] - Total liabilities rose to ¥70,601,306,878.16 in 2025, compared to ¥57,438,122,819.11 in 2024, an increase of about 22.9%[23] - The company's total liabilities increased to 67,764,122,185.19 RMB from 54,811,249,602.60 RMB, representing a rise of about 23.6%[29] - The company's total equity reached ¥25,932,614,033.77 in 2025, slightly up from ¥25,811,324,673.87 in 2024, indicating a growth of approximately 0.5%[23] - The company's total equity as of September 30, 2025, was 25,236,156,662.93 RMB, slightly up from 25,104,519,087.12 RMB at the end of 2024[29] Income Sources - The net income from interest for the first nine months of 2025 was ¥379,938,429.89, a 30.69% increase compared to the same period in 2024[12] - The net income from fees and commissions for the first nine months of 2025 rose to ¥754,979,643.70, reflecting a 62.75% increase year-on-year[12] - The company reported a significant increase in other business income, which reached ¥91,721,332.60, up 116.02% from the previous year[12] - The net interest income rose to ¥379,938,429.89 in 2025 from ¥290,713,872.00 in 2024, marking an increase of approximately 30.7%[25] - Investment income surged to ¥1,134,819,991.03 in 2025, up from ¥498,846,565.13 in 2024, reflecting a growth of around 127.7%[25] - The company reported a significant increase in commission income from brokerage services, which rose to ¥568,493,610.39 in 2025 from ¥368,669,800.47 in 2024, a growth of approximately 54.2%[25] Cash Flow - As of September 30, 2025, the company's cash and cash equivalents amount to 21,096,812,791.70 RMB, an increase from 19,055,629,976.52 RMB at the end of 2024[20] - Cash and cash equivalents at the end of Q3 2025 were 25,752,442,172.66 RMB, compared to 19,045,829,523.79 RMB at the end of 2024, showing an increase of approximately 35.1%[27] - The net cash flow from operating activities was -1,347,986,891.81 RMB, a significant decline compared to 4,259,673,009.95 RMB in the same period of 2024[27] - Total cash inflow from operating activities reached 16,467,774,331.02 RMB, up from 12,700,776,456.68 RMB year-on-year, indicating a growth of approximately 29.5%[27] - The company issued bonds, generating cash inflow of 8,062,000,000.00 RMB in 2025, compared to 2,132,730,142.74 RMB in 2024, marking an increase of 277.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 117,930[15] - The top 10 shareholders hold a total of 3,000,000,000 shares, representing 45.85% of the total shares[15] - Chongqing Yufu Capital Operation Group Co., Ltd. is the largest shareholder, holding 1,960,661,852 shares, which is 29.51% of the total[15] - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares, totaling 66,451,091.24 RMB, which accounts for 23.52% of the net profit attributable to shareholders for Q3 2025[17] Legal Matters - The company has a pending lawsuit with a claim of approximately 21 million RMB related to a futures brokerage contract dispute[18] - The company has recovered approximately 23,053.61 million RMB from stock pledge disputes during the reporting period[19] - The company does not have any significant litigation or arbitration matters exceeding 10% of the latest audited net assets during the reporting period[17] Corporate Governance - The company has revised its articles of association and will no longer have a supervisory board or supervisors[16]