Financial Performance - Total operating revenue for Q3 2025 reached ¥11,300,604,475.81, an increase of 6.45% year-on-year[4] - Net profit attributable to shareholders decreased by 30.12% to ¥259,600,370.61 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 42.01% to ¥194,260,241.33[4] - Basic earnings per share decreased by 62.10% to ¥0.0155, while diluted earnings per share also fell by 62.10% to ¥0.0155[4] - Total operating revenue for the current period reached ¥32,439,749,870.04, an increase of 6.67% compared to ¥30,414,502,789.66 in the previous period[19] - Total operating costs amounted to ¥28,809,062,940.22, up from ¥27,124,458,821.22, reflecting a growth of 6.22%[19] - The cost of goods sold was ¥25,007,484,985.95, compared to ¥23,712,693,216.44 in the prior period, indicating an increase of 5.44%[19] - Operating profit for the period was ¥3.67 billion, up from ¥3.56 billion, reflecting a growth of 3.0%[20] - Net profit attributable to shareholders was ¥1.96 billion, a decrease of 7.6% from ¥2.13 billion in the previous period[21] - The total comprehensive income for the period was ¥2.91 billion, an increase of 19.1% from ¥2.44 billion[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥170,982,412,694.22, reflecting a 5.96% increase from the end of the previous year[4] - Current assets totaled ¥41,258,849,239.45, rising from ¥34,233,116,190.90, representing a growth of 20.88%[16] - Non-current assets increased to ¥129,723,563,454.77 from ¥127,137,750,797.56, a growth of 2.03%[16] - Total liabilities reached ¥105,757,651,312.18, compared to ¥103,165,962,137.65, marking an increase of 2.51%[17] - Total equity attributable to shareholders was ¥50,238,841,167.05, up from ¥48,415,711,184.88, reflecting a growth of 3.77%[17] - The company reported a decrease in short-term borrowings to ¥2,136,378,698.29 from ¥3,060,296,999.69, a reduction of 30.19%[17] - Long-term borrowings increased to ¥42,793,142,669.42 from ¥41,981,382,253.60, an increase of 1.94%[17] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥9,507,561,633.78, an increase of 27.58%[4] - Cash inflow from operating activities totaled ¥37.93 billion, an increase of 19.4% from ¥31.77 billion[23] - Net cash flow from operating activities amounted to ¥9,507,561,633.78, an increase of 27.5% compared to ¥7,452,064,736.86 in the previous period[24] - Total cash outflow from operating activities was ¥28,421,277,958.13, up from ¥24,318,188,030.07, reflecting a 17.5% increase[24] - Cash inflow from investment activities totaled ¥2,837,279,144.19, down 30.4% from ¥4,073,962,503.27[24] - Net cash flow from investment activities was -¥7,680,403,136.80, slightly improved from -¥7,685,966,100.99 in the previous period[24] - Cash inflow from financing activities reached ¥21,653,988,455.01, a decrease of 32.5% compared to ¥32,118,673,989.18[24] - Net cash flow from financing activities was ¥3,870,078,360.44, an increase of 111.3% from ¥1,834,449,377.51[24] - The net increase in cash and cash equivalents was ¥5,674,707,686.06, compared to ¥1,581,604,729.83 in the previous period[24] - The ending balance of cash and cash equivalents stood at ¥14,728,302,839.95, slightly down from ¥14,832,861,076.04[24] Operational Highlights - The company reported a significant increase in other income, up 436.22%, primarily due to carbon emission rights income and cancellation fees for natural gas shipments[8] - The introduction of strategic investors in the environmental company led to a 53.09% increase in minority shareholders' equity[8] - The company experienced a 799.50% increase in cash received from investment due to the introduction of strategic investors in the environmental company[8] - The company reported a 41.73% increase in taxes and surcharges, mainly due to increases in property tax, urban construction tax, and education surcharges compared to the same period last year[8] - The company's cumulative on-grid electricity generation from January to September 2025 reached 48.979 billion kWh, a year-on-year increase of 13.71%[12] - Coal-fired power generation accounted for 18.461 billion kWh, up 5.30% year-on-year, while natural gas generation increased by 29.36% to 14.640 billion kWh[12] - The company achieved a total sales volume of 3.209 billion cubic meters in the gas sector, reflecting a growth of 33.99% year-on-year[12] - As of September 30, 2025, the company's controllable installed capacity was 25.4848 million kW, with natural gas power accounting for 40.10% of the total[13] - The newly commissioned units included a 60 MW solar project in Yunnan and a 52.8 MW wind project in Guizhou, contributing to the expansion of renewable energy capacity[13] - The company processed 11.1417 million tons of waste in its environmental sector, marking a 7.06% increase year-on-year[12] Shareholder Information - The company has not reported any changes in the top 10 shareholders due to margin trading activities[12] Accounting and Audit - The company did not undergo an audit for the third quarter financial report[25] - The new accounting standards will be implemented starting from 2025[25]

Financial Performance - The company's operating revenue for Q3 2025 was ¥58,642,743.50, a decrease of 13.08% compared to the same period last year[4]. - The total profit for the period was ¥6,066,702.60, down 6.90% year-on-year[4]. - The net profit attributable to shareholders was ¥4,169,386.25, reflecting a decline of 7.57% compared to the previous year[4]. - The total profit for the year-to-date decreased by 36.77% due to a reduction in business volume and operating revenue[10]. - Net profit for the first three quarters of 2025 was CNY 14,055,717.24, a decline of 32.4% from CNY 20,750,242.24 in the same period of 2024[22]. Earnings Per Share - Basic earnings per share for the year-to-date were ¥0.01, down 33.33% compared to the previous year[5]. - Diluted earnings per share for the year-to-date were also ¥0.01, reflecting a 33.33% decrease year-on-year[5]. - The basic earnings per share for the first three quarters of 2025 was CNY 0.02, down from CNY 0.03 in the same period of 2024[22]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥38,101,753.29, showing a significant decrease of 72.96%[5]. - The net cash flow from operating activities for the first three quarters of 2025 was CNY 38,101,753.29, significantly lower than CNY 140,896,692.35 in 2024, indicating a decrease of 73.0%[25]. - Cash inflow from financing activities amounted to 42,615,810.44 million, while cash outflow from financing activities was 69,365,790.36 million, resulting in a net cash flow from financing activities of -26,749,979.92 million[27]. - The net increase in cash and cash equivalents was 12,921,526.08 million, with an ending balance of 31,565,724.85 million[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,347,430,544.57, a decrease of 2.77% from the end of the previous year[5]. - The total liability of CNY 317,286,456.54, compared to CNY 370,098,412.91 in the previous period, showing a reduction of 14.26%[17]. - Total current liabilities were ¥249,207,383.11, down from ¥294,568,986.66, indicating a decrease of about 15.4%[16]. - Non-current assets decreased to ¥1,205,244,003.91 from ¥1,246,715,113.88, reflecting a decline of approximately 3.3%[16]. Shareholder Information - The total number of ordinary shares at the end of the reporting period is 27,096[12]. - The largest shareholder, Qiongqing City Surui Investment Co., Ltd., holds 93,306,657 shares, accounting for 15.57% of total shares[12]. - The equity attributable to shareholders increased by 1.42% to ¥1,029,937,768.78 compared to the end of the previous year[5]. Other Financial Metrics - The company's cash and cash equivalents increased to ¥31,763,441.39 from ¥18,702,244.35 year-over-year, representing a growth of approximately 69.0%[15]. - Accounts receivable rose to ¥46,935,165.94, up from ¥30,492,524.08, indicating a year-over-year increase of about 53.9%[15]. - The company’s financial expenses decreased to CNY 2,819,308.53 in 2025 from CNY 6,204,355.17 in 2024, a reduction of 54.6%[21]. - The company achieved an investment income of CNY 5,365,756.16, slightly up from CNY 5,328,843.52 in the previous year, indicating a growth of 0.69%[21]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 130,047.15, compared to a loss of CNY 1,958,917.15 in 2024, indicating a significant recovery[22]. Accounting Standards - The company will not apply new accounting standards starting from 2025[28].

Financial Performance - The company's revenue for the third quarter reached ¥474,010,005.59, representing a year-on-year increase of 32.70%[5] - The total profit for the quarter was ¥77,673,972.73, reflecting a growth of 47.36% compared to the same period last year[5] - Net profit attributable to shareholders was ¥65,326,507.36, up 44.79% year-on-year[5] - The basic earnings per share for the quarter was ¥0.15, an increase of 36.36% compared to the previous year[6] - Total operating revenue for the first three quarters of 2025 reached ¥1,244,963,703.10, a significant increase of 40.4% compared to ¥886,771,436.57 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was ¥207,679,155.60, up 46.0% from ¥142,278,885.74 in the previous year[21] - Net profit for the first three quarters of 2025 amounted to ¥173,799,648.95, representing a 43.3% increase from ¥121,253,821.23 in 2024[22] - The company achieved a basic earnings per share of ¥0.41 for the first three quarters of 2025, compared to ¥0.28 in the previous year[22] Assets and Liabilities - The total assets at the end of the quarter amounted to ¥2,322,626,906.88, a 13.46% increase from the end of the previous year[6] - The company's total assets as of September 30, 2025, amount to RMB 2,322,626,906.88, an increase from RMB 2,047,168,848.00 at the end of 2024[17] - Current assets total RMB 1,765,325,654.32, up from RMB 1,509,357,308.70 in the previous year[16] - Total liabilities as of the reporting date were ¥562,674,887.05, up from ¥272,831,954.00 in the previous year[18] - The total liabilities include accounts payable of RMB 381,553,311.52, significantly higher than RMB 96,933,982.85 from the previous year[17] Cash Flow - Cash flow from operating activities for the year-to-date was ¥309,597,964.82, showing a significant increase of 93.77%[6] - The net cash flow from operating activities for the first three quarters of 2025 was ¥309,597,964.82, compared to ¥159,777,146.60 in the same period of 2024, indicating an increase of 93.7%[24] - The total cash inflow from investment activities was ¥1,131,143,080.88, compared to ¥930,654,035.20 in the same period of 2024[24] - The net cash flow from investing activities was -$218.6 million, compared to a positive cash flow of $19.2 million in the previous period[25] - The net cash flow from financing activities was -$189.4 million, compared to -$177.2 million in the previous period[25] - The company experienced a net decrease in cash and cash equivalents of $98.4 million, compared to an increase of $1.7 million in the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,575[13] - The largest shareholder, Lu Youzhong, holds 212,706,928 shares, representing 49.73% of total shares[14] - The company has no significant changes in the top 10 shareholders due to securities lending[14] Operational Insights - The company reported a 107.52% increase in accounts receivable, attributed to expanded sales scale[10] - The company experienced a 44.53% increase in accounts payable, mainly due to increased raw material payables[11] - The company reported a gross profit margin improvement, with total operating costs rising to ¥1,060,037,182.96, compared to ¥762,024,953.16 in the previous year[21] - Research and development expenses for the first three quarters of 2025 were ¥3,015,119.08, an increase from ¥2,707,739.97 in the same period of 2024[21] Other Information - The company has not reported any new strategies or product developments during the reporting period[15] - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[26]

Financial Performance - The company's operating revenue for the third quarter was CNY 28,563,801,435.51, a decrease of 1.63% compared to the same period last year[4]. - The total profit for the quarter was CNY 3,606,149,140.23, down 3.77% year-on-year[4]. - The net profit attributable to shareholders was CNY 3,225,625,005.13, reflecting a decline of 3.35% compared to the previous year[4]. - The basic earnings per share for the quarter was CNY 0.51, a decrease of 1.92% year-on-year[4]. - Total operating revenue for the first three quarters of 2025 reached ¥90.56 billion, a slight increase from ¥89.04 billion in the same period of 2024, representing a growth of approximately 1.7%[17]. - Net profit for the first three quarters of 2025 was ¥10.42 billion, compared to ¥10.90 billion in 2024, indicating a decrease of about 4.3%[18]. - Operating profit for the first three quarters of 2025 was ¥12.32 billion, slightly down from ¥12.50 billion in 2024, reflecting a decrease of around 1.5%[17]. - The total comprehensive income for the first three quarters of 2025 was ¥11.16 billion, compared to ¥10.80 billion in 2024, indicating an increase of about 3.3%[18]. - Basic earnings per share for the first three quarters of 2025 were ¥1.65, slightly down from ¥1.71 in 2024, reflecting a decrease of about 3.5%[18]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period decreased by 32.23%, amounting to CNY 9,399,863,342.62[4][7]. - The company experienced a significant decrease in cash received from sales, impacting the net cash flow from operating activities[7]. - Cash flow from operating activities for the first three quarters of 2025 was ¥9.40 billion, a significant decrease from ¥13.87 billion in 2024, representing a decline of about 32.5%[21]. - The net cash flow from investment activities was -15,609,791,873.63, a significant decrease compared to -5,076,062,812.82 from the previous period, indicating increased investment outflows[22]. - Cash inflow from financing activities totaled 152,860,917,055.23, while cash outflow was 158,251,039,299.71, resulting in a net cash flow of -5,390,122,244.48, slightly worse than -5,345,393,020.73 from the previous period[22]. - The company experienced a net cash outflow from financing activities of ¥10.20 billion in 2025, compared to a net outflow of ¥9.56 billion in 2024[29]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 152,726,359,994.44, a decrease of 0.65% from the end of the previous year[4]. - The company's current assets totaled RMB 67.66 billion, showing an increase from RMB 66.62 billion in the previous period[13]. - The company's total liabilities were RMB 92.48 billion, down from RMB 96.71 billion, reflecting a decrease of about 4.5%[14]. - Short-term borrowings increased to RMB 45.18 billion from RMB 36.35 billion, representing a rise of approximately 24.5%[14]. - The total assets increased to 143,021,438,411.37 from 133,370,151,846.58, reflecting a growth of approximately 7.3% year-over-year[24][25]. - Current assets rose to 54,314,693,266.71, up from 43,433,416,698.08, marking an increase of about 25%[24]. - The total liabilities reached 91,560,425,579.36, compared to 84,648,062,850.60, showing an increase of approximately 8.5%[25]. - The company's equity increased to 51,461,012,832.01 from 48,722,088,995.98, reflecting a growth of about 5%[25]. Research and Development - Research and development expenses increased to ¥627.68 million in 2025 from ¥556.31 million in 2024, marking an increase of approximately 12.8%[17]. - Research and development expenses increased to ¥526.18 million in the first three quarters of 2025, up from ¥481.43 million in 2024, marking a growth of 9.3%[27]. Shareholder Information - The top ten shareholders hold a combined total of 1,500,000,000 shares, representing approximately 23.73% of the total shares[9]. - The equity attributable to shareholders increased by 5.89% to CNY 56,310,618,404.84 compared to the end of the previous year[4]. - The total equity attributable to shareholders rose to RMB 56.31 billion from RMB 53.18 billion, marking an increase of about 5.4%[14]. Other Income and Expenses - Non-recurring gains and losses for the quarter totaled CNY 139,193,017.35, down from CNY 323,321,126.39 year-to-date[5]. - The company reported a decrease in sales expenses, which amounted to ¥16.55 billion in 2025 compared to ¥17.15 billion in 2024, a reduction of approximately 3.5%[17]. - The company reported a decrease in sales expenses to ¥14.09 billion in 2025 from ¥14.76 billion in 2024, a reduction of 4.5%[27]. - The company experienced a significant increase in other income, which rose to ¥741.99 million in 2025 from ¥734.38 million in 2024, a growth of approximately 1%[17]. - Total investment income for the first three quarters of 2025 was ¥3.94 billion, down from ¥5.89 billion in 2024, reflecting a decline of 33.2%[27]. Strategic Focus - The company continues to explore new product development and market expansion strategies to enhance its competitive position in the industry[15]. - The company's net profit for the first nine months of 2025 is yet to be disclosed, but previous trends indicate a focus on maintaining profitability amidst market fluctuations[15]. Accounting Standards - The company has not adopted new accounting standards for the year 2025[30].

Financial Performance - The company's operating revenue for the third quarter reached ¥541,747,230.95, an increase of 43.17% compared to the same period last year[4] - The total profit for the third quarter was a loss of ¥12,716,442.41, representing a decrease of 73.79% year-on-year[4] - The net profit attributable to shareholders for the third quarter was a loss of ¥1,661,812.75, an increase in loss of 89.05% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥4,485,861.83, a decrease of 71.74% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 1,602,447,458.86, a significant increase of 55.2% compared to CNY 1,031,481,557.08 in the same period of 2024[20] - Total operating costs for the first three quarters of 2025 were CNY 1,667,589,730.38, up 45.5% from CNY 1,153,179,871.30 in 2024[20] - The net loss for the first three quarters of 2025 was CNY 24,265,437.41, an improvement from a net loss of CNY 80,379,457.10 in the same period of 2024[21] - The operating profit for the first three quarters of 2025 was CNY -26,796,932.53, compared to CNY -105,541,946.04 in 2024, indicating a reduced loss[20] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥197,803,487.65, an increase of 474.39% compared to the previous year[4] - The cash flow from operating activities for the first three quarters of 2025 showed improvement, although specific figures were not provided in the extracted data[22] - In the first three quarters of 2025, the net cash flow from operating activities was approximately $197.80 million, a significant increase from $34.44 million in the same period of 2024, representing a growth of 474%[23] - Total cash inflow from operating activities for the first three quarters of 2025 was approximately $1.16 billion, compared to $850.27 million in 2024, indicating a year-over-year increase of 37%[23] - The cash outflow from investing activities in the first three quarters of 2025 was approximately $31.09 million, a decrease from $425.42 million in 2024, showing a reduction of 92%[24] - The net cash flow from financing activities in the first three quarters of 2025 was negative at approximately $183.99 million, contrasting with a positive cash flow of $370.69 million in 2024[24] - The total cash and cash equivalents at the end of the third quarter of 2025 stood at approximately $114.16 million, compared to $92.08 million at the end of the same period in 2024, reflecting an increase of 24%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,777,699,785.84, an increase of 13.62% compared to the end of the previous year[5] - The company's current assets reached CNY 1,258,685,905.42, up from CNY 876,104,498.83, indicating a significant increase of about 43.6%[15] - The total liabilities of the company were CNY 1,258,685,905.42, reflecting a rise from the previous total, indicating a need for careful management of debt levels[16] - The total liabilities increased to CNY 2,358,112,509.62 in 2025 from CNY 2,000,581,111.50 in 2024, reflecting a growth of 17.9%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,805[12] - The total equity attributable to shareholders of the parent company was CNY 512,124,018.13, a slight increase from CNY 511,061,622.72 in 2024[20] - The company reported a basic earnings per share of CNY 0.005 for the first three quarters of 2025, compared to a loss of CNY 0.10 per share in 2024[21] Business Strategy and Development - The company achieved a year-to-date revenue increase of 55.35% due to active business expansion efforts[9] - The company reported a significant increase in sales revenue and gross profit margin, contributing to the overall profit growth[10] - The company plans to continue focusing on market expansion and new product development to drive future growth[22] - There are no new strategies or product developments mentioned in the current report, indicating a focus on existing operations and financial stability[14] Research and Development - Research and development expenses for the first three quarters of 2025 amounted to CNY 40,074,690.54, slightly higher than CNY 37,681,238.97 in 2024[20]

Financial Performance - The company's operating revenue for the third quarter reached ¥3,180,879,183.67, representing a year-on-year increase of 26.05%[4] - The total profit for the third quarter was ¥1,637,026,983.35, reflecting a significant year-on-year growth of 62.21%[4] - The net profit attributable to shareholders was ¥1,231,695,824.64, which is an increase of 69.49% compared to the same period last year[4] - The basic earnings per share for the third quarter was ¥0.1549, up 73.87% year-on-year[5] - The company's net profit attributable to shareholders for the year-to-date was ¥2,419,429,211.08, reflecting an 11.80% increase year-on-year[4] - Net profit for the first three quarters of 2025 was CNY 2,766,394,705.31, an increase from CNY 2,498,741,968.65 in 2024, marking a growth of approximately 10.73%[22] - Operating profit for the first three quarters of 2025 increased to CNY 1,990,250,439.68, up 82.73% from CNY 1,089,822,190.28 in 2024[33] - Net profit for the first three quarters of 2025 reached CNY 1,977,307,219.46, representing a significant increase of 84.52% compared to CNY 1,071,707,339.10 in 2024[33] Revenue and Costs - The company experienced a 62.21% increase in total profit for the third quarter due to higher hydropower generation, contributing an additional ¥6.81 billion[10] - The company reported a decrease in thermal power revenue by ¥215 million due to reduced generation, impacting overall revenue structure[10] - Total operating revenue for the first three quarters of 2025 was CNY 7,335,479,334.64, slightly down from CNY 7,353,712,644.01 in the same period of 2024, representing a decrease of approximately 0.25%[21] - Total operating costs decreased to CNY 4,166,341,423.60 from CNY 4,492,052,581.40, reflecting a reduction of about 7.25%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥51,212,574,612.81, a 2.00% increase from the end of the previous year[5] - The company's total assets increased to CNY 51,212,574,612.81 from CNY 50,207,663,327.90, indicating a growth of about 1.99%[20] - Total liabilities slightly increased to CNY 28,290,216,406.03 from CNY 28,267,487,975.59, showing a marginal rise of approximately 0.08%[19] - Long-term borrowings rose to CNY 11,323,409,369.02 from CNY 10,411,411,456.25, reflecting an increase of about 8.75%[19] - Total liabilities increased to CNY 24,463,620,703.19 from CNY 20,584,790,653.88, marking an increase of about 19%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥5,277,632,299.62, showing a year-on-year increase of 23.27%[5] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 5,277,632,299.62, up from CNY 4,281,244,454.69 in the same period of 2024, indicating an increase of about 23.3%[25] - The company reported a decrease in cash received from the sale of goods and services, totaling CNY 7,966,775,763.15, down from CNY 8,116,780,361.50 in the previous year, which is a decline of about 1.8%[24] - The net cash flow from investing activities was negative at CNY -2,676,835,053.84, worsening from CNY -2,081,948,606.92 in the previous year, indicating an increase in cash outflow of approximately 28.5%[25] - Cash inflow from financing activities was CNY 22,651,179,415.41, compared to CNY 19,091,713,892.43 in the previous year, reflecting an increase of about 18%[25] Shareholder Information - The top shareholder, China Datang Corporation, holds 4,063,487,233 shares, representing 51.55% of the total shares[12] - The second-largest shareholder, Guangxi Investment Group, owns 1,758,394,835 shares, accounting for 22.31%[12] - The company has no pledged shares among the top ten shareholders, except for Guoxin Boyuan Investment, which has pledged 150 million shares[12] Operational Insights - The company is focused on efficient utilization of water resources to maximize hydropower generation during periods of abundant water supply[14] - The company is actively communicating with relevant government departments regarding the imbalance electricity fee allocation and has proposed optimization suggestions[15] - The company anticipates a reduction or elimination of imbalance electricity fees as it enters the dry season[15] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 459,807.23, slightly up from CNY 424,528.25 in 2024, showing an increase of about 8.29%[21] - Research and development expenses were not explicitly detailed but are part of the overall management expenses of CNY 116,963,246.25 for the first three quarters of 2025[32]

Financial Performance - The company's operating revenue for the third quarter was ¥636,841,099.81, an increase of 4.73% compared to the same period last year[5]. - The total profit for the year-to-date period reached ¥1,179,838,276.36, reflecting a significant increase of 336.81% year-on-year[5]. - The net profit attributable to shareholders was -¥169,212,410.75 for the third quarter, with a year-to-date net profit of ¥351,778,739.81[5]. - The basic and diluted earnings per share for the third quarter were both -¥0.03, while the year-to-date earnings per share stood at ¥0.06[6]. - Total operating revenue for the first three quarters of 2025 reached CNY 7,316,044,099.99, a significant increase from CNY 1,674,871,483.24 in the same period of 2024, representing a growth of approximately 337.5%[18]. - Net profit for the first three quarters of 2025 was CNY 742,452,488.29, a turnaround from a net loss of CNY 502,041,985.64 in the same period of 2024[19]. - The basic earnings per share for the first three quarters of 2025 was CNY 0.06, compared to a loss of CNY 0.09 per share in the same period of 2024[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥51,785,468,036.53, showing a decrease of 8.79% from the previous year-end[6]. - The total current assets as of September 30, 2025, amount to ¥38,708,310,095.69, a decrease from ¥43,862,445,807.08 as of December 31, 2024, representing a decline of approximately 11.5%[15]. - The total assets decreased from ¥56,777,717,344.80 to ¥51,785,468,036.53, indicating a decline of approximately 8.8%[15]. - The total liabilities include short-term borrowings of ¥30,013,333.34, which increased from ¥20,013,333.34, marking a rise of 50%[15]. - The company's total liabilities decreased to CNY 34,196,011,040.64 in 2025 from CNY 39,814,672,583.37 in 2024, reflecting a reduction of approximately 14.5%[17]. Cash Flow - The company reported a cash flow from operating activities of ¥382,324,215.32 year-to-date, reflecting a decrease of 15.12%[6]. - The cash inflow from operating activities for the first three quarters of 2025 was CNY 4,293,283,079.34, down from CNY 4,946,450,180.88 in 2024, a decrease of approximately 13.2%[20]. - Operating cash flow outflow totaled approximately $3.91 billion, a decrease from $4.50 billion in the previous period, reflecting a reduction of about 13%[21]. - Net cash flow from operating activities was approximately $382.32 million, down from $450.43 million, indicating a decline of around 15%[21]. - Cash inflow from investment activities was approximately $51.06 million, significantly up from $7.64 million, marking an increase of over 570%[21]. - Cash inflow from financing activities was approximately $2.76 billion, down from $3.58 billion, representing a decrease of about 23%[21]. - The net cash flow from financing activities was negative at approximately $3.98 billion, slightly better than the previous negative $4.47 billion[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,390[12]. - The equity attributable to shareholders increased by 2.41% year-on-year, amounting to ¥14,679,128,209.10[6]. - The total equity attributable to shareholders increased to CNY 14,679,128,209.10 in 2025 from CNY 14,333,835,467.03 in 2024, showing a growth of about 2.4%[17]. Other Financial Metrics - Non-recurring gains and losses for the current period totaled ¥6,854,313.34, with government subsidies contributing ¥4,244,019.95[8]. - The company's financial expenses for the first three quarters of 2025 were CNY 470,559,717.32, compared to CNY 539,663,610.69 in 2024, indicating a reduction of about 12.8%[18]. - The investment income for the first three quarters of 2025 was CNY 257,823,237.37, a significant increase from CNY 8,129,168.49 in 2024[19]. - The company's contract liabilities decreased to CNY 5,148,142,345.85 in 2025 from CNY 8,869,434,314.31 in 2024, a decline of approximately 41.5%[16]. Inventory and Receivables - The accounts receivable increased to ¥438,397,850.06 from ¥311,802,971.15, showing an increase of about 40.6%[15]. - The total inventory decreased from ¥24,669,511,021.55 to ¥20,781,827,979.00, reflecting a decline of about 15.5%[15]. - The total non-current assets increased slightly from ¥12,915,271,537.72 to ¥13,077,157,940.84, representing an increase of approximately 1.3%[15]. - The total accounts payable decreased from ¥2,237,511,502.99 to ¥1,851,470,248.65, showing a decline of about 17.3%[15]. Accounting Standards - The company will not apply new accounting standards starting from 2025[22].

Financial Performance - The company's operating revenue for the third quarter was ¥43,047,760.99, a decrease of 18.29% compared to the same period last year[4] - The total profit for the third quarter was -¥14,217,565.26, with a year-to-date total profit of -¥39,859,351.29[4] - The net profit attributable to shareholders for the third quarter was -¥13,823,671.02, and -¥35,682,327.22 year-to-date[4] - The basic and diluted earnings per share for the third quarter were both -¥0.04, with year-to-date figures of -¥0.10[5] - The company reported a significant decrease in revenue due to reduced orders in the clothing sector and the disposal of a subsidiary[10] - Total operating revenue for the first three quarters of 2025 was CNY 172,170,956.20, a decrease of 33.1% compared to CNY 257,421,589.13 in the same period of 2024[20] - The net profit for the first three quarters of 2025 was -37,023,860.67 RMB, compared to -48,992,214.79 RMB in the same period of 2024, showing an improvement of approximately 24.1%[22] - Operating profit for the first three quarters of 2025 was -39,894,321.64 RMB, an improvement from -53,017,215.44 RMB in the previous year, reflecting a 24.5% increase[22] - The company's operating revenue for the first three quarters of 2025 was ¥23,288,706.11, a decrease of 44.0% compared to ¥41,728,845.06 in the same period of 2024[33] - The net profit for the first three quarters of 2025 was ¥14,385,026.54, a significant recovery from a net loss of ¥21,330,752.48 in the same period of 2024[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥772,913,924.75, a decrease of 11.89% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥456,508,907.08, down 7.25% from the previous year[5] - Total assets as of September 30, 2025, were CNY 772,913,924.75, down from CNY 877,165,138.16 at the end of 2024[16] - The company's total equity as of September 30, 2025, was CNY 483,834,643.64, down from CNY 520,858,504.31 at the end of 2024[17] - The company reported a net loss of CNY -132,387,926.10 in retained earnings as of September 30, 2025, compared to CNY -96,705,598.88 at the end of 2024[17] - The company's total assets as of September 30, 2025, were ¥740,580,554.87, compared to ¥780,967,101.93 at the end of 2024, reflecting a decrease of 5.2%[30] - Current liabilities increased to ¥196,399,174.80 in 2025 from ¥256,182,396.50 in 2024, indicating a reduction in short-term financial obligations[31] - The company's cash and cash equivalents amounted to ¥6,093,330.21 as of September 30, 2025, compared to ¥84,054,065.15 at the end of 2024, showing a significant decline in liquidity[30] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,178,978.01[5] - Cash flow from operating activities for the first three quarters of 2025 was -1,178,978.01 RMB, compared to -61,606,335.50 RMB in the same period of 2024, indicating a significant improvement[26] - The total cash inflow from financing activities in the first three quarters of 2025 was 115,792,120.00 RMB, compared to 141,463,888.09 RMB in 2024, a decrease of about 18.2%[27] - The net cash flow from financing activities for the first three quarters of 2025 was -¥24,404,597.03, compared to -¥21,165,717.46 in the first three quarters of 2024, indicating a worsening situation[36] - The total cash outflow from operating activities in the first three quarters of 2025 was ¥205,613,817.43, down from ¥237,263,083.89 in the same period of 2024, marking a reduction of 13.3%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,880[12] - There were no changes in the top ten shareholders or their participation in margin financing and securities lending during the reporting period[13] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[14] - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[34] - Research and development expenses were not explicitly reported, but management indicated a focus on innovation and new product development in future strategies[34]

Financial Performance - The company's operating revenue for the third quarter was ¥70,938,868.32, a decrease of 4.46% compared to the same period last year[3]. - The total profit for the quarter was -¥12,608,667.81, with a year-to-date total profit of -¥16,631,902.20[3]. - The net profit attributable to shareholders was -¥7,395,511.17, reflecting a significant decrease of 2,547.43% year-over-year[3]. - The basic earnings per share for the quarter was -¥0.11, a decrease of 1,200% compared to the same period last year[4]. - Net profit for the first three quarters of 2025 was reported at -¥9,671,260.30, an improvement compared to -¥32,800,191.68 in the same period of 2024[21]. - Total comprehensive income for the period attributable to the parent company was -3,618,184.44 CNY, compared to -16,082,742.22 CNY in the same period last year[22]. - Basic and diluted earnings per share were both -0.05 CNY, an improvement from -0.24 CNY year-over-year[22]. Research and Development - Research and development expenses totaled ¥18,006,398.29, accounting for 25.38% of operating revenue, a decrease of 8.52 percentage points compared to the previous year[4]. - Research and development expenses decreased to ¥42,582,543.07 from ¥59,824,091.92, reflecting a reduction of approximately 28.8%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,929,575,976.32, a decrease of 2.28% from the end of the previous year[4]. - The company's total assets amounted to ¥1,929,575,976.32, a decrease from ¥1,974,500,221.78[18]. - Total liabilities decreased to ¥478,576,740.29 from ¥546,514,690.81, indicating a reduction of about 12.4%[17]. - The equity attributable to shareholders of the parent company increased to ¥1,332,748,317.77 from ¥1,301,635,723.16, showing a growth of approximately 2.9%[18]. Cash Flow - The cash flow from operating activities was not applicable for the current period, with a year-to-date net cash flow of -¥43,214,275.07[3]. - Cash inflow from operating activities totaled 416,002,717.52 CNY, slightly up from 413,135,020.49 CNY in the previous year[25]. - Net cash flow from operating activities was -43,214,275.07 CNY, an improvement from -161,297,837.14 CNY year-over-year[26]. - Cash inflow from investment activities was 1,594,331,920.36 CNY, significantly higher than 706,581,494.58 CNY in the same period last year[26]. - Net cash flow from investment activities was 38,001,405.58 CNY, recovering from -298,234,299.49 CNY year-over-year[26]. - Cash inflow from financing activities amounted to 62,173,862.88 CNY, compared to 46,068,395.34 CNY in the previous year[26]. - Net cash flow from financing activities was 14,689,604.80 CNY, an improvement from -44,444,282.21 CNY year-over-year[26]. - The ending cash and cash equivalents balance was 249,650,048.51 CNY, up from 124,039,681.64 CNY in the same period last year[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,215[11]. - The largest shareholder, Wang Min, holds 18,552,800 shares, representing 27.48% of total shares[11]. - Dongguan Zhitong Computer Technology Co., Ltd. holds 12,672,000 shares, accounting for 18.77%[11]. - The company has a repurchase account holding 377,151 shares, representing 0.56% of total shares[13]. - No changes reported in the participation of major shareholders in margin trading[13]. Government Subsidies - The company received government subsidies amounting to ¥1,539,900.00 during the quarter, contributing to its financial performance[6]. Other Information - The company has not disclosed any significant operational changes during the reporting period[13]. - The company did not apply new accounting standards for the current year[28].

Financial Performance - The company's operating revenue for the third quarter was ¥93,560,744.14, representing a year-on-year increase of 153.91%[3] - The total profit for the period was -¥43,074,268.17, with a year-to-date total profit of -¥82,387,794.15[3] - The net profit attributable to shareholders was -¥35,123,889.21 for the quarter, and -¥68,851,307.14 year-to-date, indicating significant losses[3] - Basic and diluted earnings per share were both -¥0.0628, reflecting a decrease of 62,900% compared to the previous year[4] - The weighted average return on net assets was -107.36% for the quarter, reflecting a decrease of 107.42 percentage points[4] - Net loss for the first three quarters of 2025 was ¥82,727,216.40, compared to a net loss of ¥14,965,538.66 in the same period of 2024, indicating a worsening financial performance[18] - The company's gross profit margin decreased significantly, with gross profit for 2025 at ¥202,339,364.50 minus operating costs of ¥284,080,446.77, resulting in a negative operating profit[17][18] - The company reported a basic and diluted earnings per share of -¥0.12 for the first three quarters of 2025, compared to -¥0.03 in the same period of 2024, reflecting increased losses per share[19] - The net loss attributable to the parent company's shareholders was ¥68,851,307.14 for the first three quarters of 2025, compared to a loss of ¥15,484,593.67 in 2024, highlighting the challenges faced by the company[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥494,948,243.26, an increase of 47.17% from the previous year[4] - The equity attributable to shareholders decreased by 90.11% to ¥7,553,897.56, primarily due to the decline in net profit[4] - Total liabilities increased to CNY 477,974,249.23 from CNY 239,008,564.09, which is an increase of about 100%[15] - The company's short-term borrowings rose to CNY 23,419,180.56 from CNY 10,011,611.11, reflecting an increase of approximately 134%[15] - Total cash outflow from operating activities amounted to $435.4 million, up from $185.2 million year-over-year, reflecting increased operational expenses[22] - Total cash inflow from financing activities reached $215.9 million, a substantial increase from $41.1 million in the prior period, driven by higher borrowings and investments received[24] Cash Flow - The cash flow from operating activities was -¥182,799,389.97 year-to-date, indicating increased cash outflows related to production costs[3] - Cash inflows from operating activities totaled ¥252,579,680.30 in the first three quarters of 2025, compared to ¥150,864,907.84 in 2024, reflecting improved cash generation from operations[21] - The net cash flow from operating activities was -$182.8 million, compared to -$34.3 million in the previous period, indicating a significant decline in operational cash generation[22] - The ending cash and cash equivalents balance was $32.6 million, down from $77.1 million at the beginning of the period, showing a significant cash depletion[24] Inventory and Receivables - Current assets totaled CNY 345,946,937.80, up from CNY 197,052,223.45, indicating a growth of about 76% year-over-year[14] - Inventory surged to CNY 159,670,467.42, compared to CNY 31,377,013.80, marking an increase of around 409%[14] - Accounts receivable increased significantly to CNY 53,519,745.44 from CNY 22,049,698.50, which is an increase of about 143%[13] Shareholder Information - The company reported a total of 97,067,037 shares held by the largest shareholder, accounting for 17.35% of total shares[10] - The company has no significant changes in the participation of major shareholders in margin financing or securities lending activities[11] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥284,080,446.77, up 113% from ¥133,330,079.49 in 2024[17] - The company experienced a significant increase in sales expenses, which rose to ¥147,530,878.33 in 2025 from ¥52,800,706.15 in 2024, suggesting aggressive marketing or expansion efforts[17] - Cash outflow for employee compensation was $78.2 million, compared to $64.0 million in the previous period, reflecting increased payroll expenses[22] Government Support - Non-recurring gains and losses for the period totaled ¥440,988.84, with government subsidies contributing significantly[6]