Financial Performance - The company's operating revenue for the third quarter reached ¥644,939,296.85, an increase of 36.57% compared to the same period last year[4] - The total profit for the third quarter was a loss of ¥13,574,034.13, representing a decrease of 40.50% year-on-year[4] - The net profit attributable to shareholders was a loss of ¥8,941,428.91, which is a 32.98% increase in loss compared to the previous year[4] - Basic earnings per share for the third quarter were -¥0.01, an increase in loss of 50.00% compared to the same period last year[5] - The company's net profit margin for the year-to-date period showed a significant increase of 109.33% compared to the previous year[4] - Operating profit for the first three quarters of 2025 was ¥8,071,751.78, a significant recovery from a loss of ¥124,146,742.24 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was -¥213,760.71, compared to a net loss of -¥110,649,498.02 in 2024, indicating an improvement in financial performance[21] - The net profit for the first three quarters of 2025 was a loss of ¥68,699,907.05, compared to a loss of ¥73,354,113.52 in the same period of 2024, indicating an improvement in performance[30] Cash Flow - The net cash flow from operating activities was a negative ¥359,998,946.72, reflecting a significant decrease of 715.93% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2025 was -¥359,998,946.72, a decline from a positive cash flow of ¥58,448,142.91 in 2024[24] - The total cash inflow from operating activities was 386,347,340.82 RMB, down 8.4% from 421,766,998.28 RMB in the previous year[32] - The company incurred a total cash outflow from operating activities of 517,420,986.30 RMB, which is significantly higher than 366,189,663.05 RMB in the previous year[32] - The cash and cash equivalents at the end of the period stood at 257,602,552.48 RMB, compared to 224,611,140.20 RMB at the end of the previous year[33] - The cash flow from financing activities generated a net cash flow of ¥425,272,277.14, compared to ¥240,586,126.39 in the previous period, marking an increase of about 76.7%[25] - The company reported a cash inflow from financing activities of 560,000,000.00 RMB, an increase of 29% compared to 435,000,000.00 RMB in 2024[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,661,133,156.27, a 7.33% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to ¥2,349,239,981.52, an increase from ¥1,807,261,791.92 at the end of 2024[16] - Total liabilities as of September 30, 2025, were ¥2,441,409,579.08, slightly down from ¥2,443,609,907.47[17] - Long-term borrowings increased to ¥1,941,076,222.02 from ¥1,438,566,113.77[17] - Total liabilities increased to ¥5,046,569,754.57 in 2025 from ¥4,510,071,100.22 in 2024, reflecting a growth of 11.9%[18] - The total liabilities as of September 30, 2025, were ¥1,852,556,934.04, compared to ¥1,567,316,460.09 at the end of 2024, reflecting an increase of about 18.2%[28] - The company's total equity as of September 30, 2025, was ¥1,867,950,210.19, a decrease from ¥1,950,486,756.86 at the end of 2024, reflecting a decline of approximately 4.2%[28] Shareholder Information - Total shareholders of common stock at the end of the reporting period reached 37,665[12] - The largest shareholder, Shandong Energy Group New Materials Co., Ltd., holds 316,441,633 shares, accounting for 51.79% of total shares[12] Research and Development - Research and development expenses for the first three quarters of 2025 totaled ¥77,538,133.63, slightly up from ¥75,741,113.36 in 2024, indicating continued investment in innovation[20] - The company's research and development expenses for the first three quarters of 2025 were ¥25,847,769.39, a decrease from ¥37,378,590.27 in the same period of 2024, indicating a reduction of approximately 30.9%[30] Inventory and Receivables - Accounts receivable increased significantly to ¥328,679,035.74 from ¥68,259,248.75[16] - Inventory rose to ¥645,140,679.31, up from ¥533,692,133.56[16] - The company's inventory as of September 30, 2025, was valued at ¥147,898,643.48, down from ¥167,839,777.70 at the end of 2024, indicating a decrease of approximately 11.9%[26] Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥10,036,917.22, with government subsidies being a significant contributor[8] Accounting Standards - The company has not adopted new accounting standards for the year 2025[34]

Financial Performance - The company's operating revenue for the third quarter was ¥44,098,843.86, an increase of 50.19% compared to the same period last year[2] - The total profit for the quarter reached ¥9,943,187.20, reflecting a significant increase of 102.98% year-over-year[2] - The net profit attributable to shareholders was ¥10,198,392.93, up 107.38% from the previous year[2] - The basic earnings per share for the quarter was ¥0.0994, representing a 107.00% increase compared to the same period last year[3] - The company reported a net profit margin improvement, with net profit attributable to shareholders increasing by 550.37% year-to-date[2] - Total operating revenue for the first three quarters of 2025 reached CNY 128,107,707.59, a significant increase from CNY 74,196,325.50 in the same period of 2024, representing a growth of approximately 72.8%[23] - The adjusted net profit for the first three quarters of 2025 was CNY 24,005.55, reflecting a year-over-year increase of 295.01%[17] - Net profit for the first three quarters of 2025 reached CNY 39,097,137.61, a significant increase from CNY 6,306,470.69 in the same period of 2024, representing a growth of approximately 520%[24] - Operating profit for the first three quarters of 2025 was CNY 43,282,319.28, compared to CNY 5,126,775.38 in 2024, indicating a substantial increase[24] - Total comprehensive income for the first three quarters of 2025 was CNY 39,097,137.61, compared to CNY 6,306,470.69 in 2024, indicating a strong performance[25] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥21,850,174.14, indicating a decline of 379.83% compared to the previous year[2] - Cash and cash equivalents as of September 30, 2025, amounted to CNY 303,204,075.92, up from CNY 130,263,849.91 at the end of 2024, showing a growth of approximately 132.7%[19] - The company's total assets as of September 30, 2025, were CNY 968,113,453.47, compared to CNY 931,889,981.58 at the end of 2024, marking an increase of about 3.9%[20] - The total liabilities as of September 30, 2025, were CNY 108,986,625.55, down from CNY 122,922,694.15 at the end of 2024, indicating a decrease of approximately 11.3%[21] - The company's inventory as of September 30, 2025, was CNY 75,097,996.26, a decrease from CNY 87,739,638.65 at the end of 2024, representing a decline of about 14.5%[19] - The company reported a significant increase in accounts receivable, which rose to CNY 165,915,259.24 from CNY 125,188,482.78 in 2024, reflecting a growth of approximately 32.6%[19] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 4,157[10] - The largest shareholder, Ju Wanli, holds 44,309,871 shares, representing 43.09% of the total shares[10] - The second-largest shareholder, Zhang Chao, holds 6,478,751 shares, accounting for 6.30%[10] Research and Development - Research and development expenses totaled ¥5,920,903.11, accounting for 13.43% of operating revenue, a decrease of 5.37 percentage points year-over-year[3] Risks and Future Outlook - The company faces a delisting risk if the net profit or total profit is negative and revenue is below 100 million RMB[14] - The main products have not completed military pricing reviews, which may lead to significant fluctuations in operating performance[14] - There is a potential risk of significant downward adjustments in pricing compared to provisional prices, affecting future revenue and net profit[16] - The company is facing risks related to provisional pricing adjustments for military products, which may impact revenue recognition if final prices differ significantly from provisional agreements[17] Investment and Income - The company recorded a significant increase in investment income, amounting to CNY 5,187,625.03 in 2025, compared to CNY 7,111,837.13 in 2024[28] - Investment activities generated a net cash inflow of CNY 193,170,507.79 in the first three quarters of 2025, compared to CNY 33,604,209.07 in 2024, marking a significant increase[29] Expenses - Sales expenses decreased to CNY 4,021,274.50 in 2025 from CNY 5,006,432.44 in 2024, showing a reduction of approximately 19.7%[24]

Financial Performance - The company's revenue for Q3 2025 reached ¥744,081,467.20, an increase of 8.52% compared to the same period last year[3] - Total profit for the quarter was ¥19,097,096.03, reflecting a significant increase of 62.77% year-over-year[3] - Net profit attributable to shareholders was ¥14,190,529.24, up by 35.92% compared to the previous year[3] - The basic earnings per share for the quarter was ¥0.0354, representing a growth of 36.15% year-over-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥2,145,554,654.06, an increase of 4.25% compared to ¥2,057,972,296.45 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was ¥46,407,740.44, compared to ¥36,906,321.62 in 2024, marking an increase of 25.00%[18] - The total comprehensive income for the period reached CNY 46,407,740.44, compared to CNY 36,906,321.62 in the previous period, reflecting a growth of approximately 25.3%[19] - Basic and diluted earnings per share increased to CNY 0.12 from CNY 0.09, representing a rise of 33.3%[19] Assets and Liabilities - Total assets as of the end of the quarter were ¥2,920,662,401.04, a 6.03% increase from the end of the previous year[4] - Total current assets rose to ¥947,520,679.42 in 2025, up from ¥735,056,945.57 in 2024, indicating an increase of 29.00%[14] - Total non-current assets decreased to ¥1,973,141,721.62 in 2025 from ¥2,019,458,472.94 in 2024, a decline of 2.29%[15] - Total liabilities increased to ¥1,794,094,950.44 in 2025, compared to ¥1,658,584,172.89 in 2024, reflecting a rise of 8.17%[16] - Total equity attributable to shareholders rose to ¥1,126,567,450.60 in 2025 from ¥1,095,931,245.62 in 2024, an increase of 2.79%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥350,437,520.50, showing a 16.94% increase[3] - Cash inflows from operating activities totaled CNY 2,510,951,418.37, up from CNY 2,373,556,818.49, indicating an increase of about 5.8%[22] - The net cash flow from operating activities was CNY 350,437,520.50, compared to CNY 299,670,727.74 in the previous year, marking a growth of approximately 17%[22] - Cash outflows for investing activities were CNY 56,565,146.77, a decrease from CNY 139,931,977.65, showing a reduction of about 59.5%[23] - The net cash flow from financing activities was -CNY 116,390,295.17, an improvement from -CNY 145,015,408.06, indicating a reduction in cash outflow of approximately 19.8%[23] - The ending balance of cash and cash equivalents increased to CNY 352,756,446.31 from CNY 183,864,777.60, reflecting a significant rise of about 92.1%[23] - The company reported other cash inflows related to operating activities of CNY 64,606,972.06, compared to CNY 43,825,737.89 in the previous period, an increase of approximately 47.4%[22] Shareholder Information - The company has a total of 28,666 common shareholders as of the end of the reporting period[10] - Zhejiang Mingchun Group Co., Ltd. remains the largest shareholder, holding 40.38% of the shares[10] Expenses and Investments - Total operating costs for the first three quarters of 2025 were ¥2,088,537,776.90, up from ¥2,015,003,892.99 in 2024, reflecting a rise of 3.64%[17] - Research and development expenses increased to ¥41,028,437.19 in 2025 from ¥31,806,611.20 in 2024, representing a growth of 28.88%[18] Other Information - Non-recurring gains and losses for the quarter totaled ¥2,064,032.90, with government subsidies contributing significantly[6] - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[19] - The company is not applying new accounting standards or interpretations starting from 2025[24] - The company reported a gross profit margin of approximately 28.83% for the first three quarters of 2025, compared to 29.00% in 2024[17] - The company plans to continue expanding its market presence and invest in new product development to drive future growth[17] - The weighted average return on equity increased to 1.2770%, up by 0.335 percentage points from the previous year[4]

Revenue and Profit - The company's revenue for the third quarter reached ¥29,377,472.66, representing a year-on-year increase of 142.66%[4] - Year-to-date revenue amounted to ¥91,229,577.44, reflecting a 31.99% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥91,229,577.44, an increase of 31.9% compared to ¥69,118,232.44 in the same period of 2024[19] - The total profit for the period was -¥14,755,411.22, with a net profit attributable to shareholders of -¥14,348,402.87[4] - Operating profit for the first three quarters of 2025 was -¥46,260,756.54, an improvement from -¥54,170,129.53 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was -¥44,565,681.36, compared to -¥42,992,798.40 in 2024, indicating a slight increase in losses[20] Expenses and Costs - Research and development expenses totaled ¥9,900,376.77 for the quarter, accounting for 33.70% of revenue, a decrease of 47.77 percentage points year-on-year[5] - Research and development expenses increased to ¥29,409,616.61 in 2025 from ¥25,803,847.98 in 2024, marking a rise of 13.3%[19] - Total operating costs for the first three quarters of 2025 were ¥129,331,174.33, up from ¥117,419,903.24 in 2024, reflecting a year-over-year increase of 10.3%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥43,380,399.46 year-to-date[4] - In the first three quarters of 2025, the net cash flow from operating activities was -43,380,399.46, compared to -32,284,986.79 in the same period of 2024, indicating a decline in operational cash flow[22] - Total cash inflow from operating activities in 2025 was 94,237,341.95, down from 101,522,668.97 in 2024, reflecting a decrease of approximately 7.5%[22] - Cash outflow for purchasing goods and services in 2025 was 40,498,302.87, compared to 54,549,925.07 in 2024, showing a reduction of about 25.8%[22] - The cash flow from investment activities in 2025 was -627,616.42, significantly improved from -25,597,262.74 in 2024[23] - Cash inflow from financing activities increased to 65,000,000.00 in 2025 from 50,000,000.00 in 2024, marking a growth of 30%[23] - The net cash flow from financing activities was 13,174,236.26 in 2025, compared to 17,672,552.79 in 2024, indicating a decrease of approximately 25.5%[23] - The ending cash and cash equivalents balance for 2025 was 83,525,193.00, up from 58,590,544.84 in 2024, representing an increase of about 42.4%[23] Assets and Liabilities - The company's total assets decreased by 6.89% from the previous year, amounting to ¥554,419,314.27[5] - Total current assets decreased from CNY 421,015,645.24 on December 31, 2024, to CNY 390,317,676.67 on September 30, 2025, a decline of approximately 7.3%[15] - Cash and cash equivalents decreased from CNY 115,725,145.02 to CNY 85,416,405.75, a reduction of about 26.2%[15] - The total liabilities as of the reporting date were ¥164,841,054.71, compared to ¥161,873,764.83 in the previous year, showing a slight increase[19] - Short-term borrowings increased from CNY 70,061,638.90 to CNY 85,064,027.80, an increase of about 21.4%[16] - Total liabilities increased, with accounts payable decreasing from CNY 63,560,018.74 to CNY 59,375,398.42, a decrease of approximately 6.3%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,426[12] - The largest shareholder, Cheng Jiaming, holds 40,408,060 shares, representing 39.22% of total shares[12] - The total equity attributable to shareholders decreased to ¥391,198,396.92 from ¥435,939,820.49, reflecting a decline of 10.2%[19] Government Support and Other Information - The company received government subsidies amounting to ¥72,076.00 during the period[7] - The company has not reported any significant changes in shareholder relationships or actions[13] - The company has not disclosed any new strategies or product developments during the reporting period[14] - The company will implement new accounting standards starting in 2025, which may affect the financial statements[24] - The company’s cash flow statement for the first three quarters of 2025 is under audit, indicating ongoing financial assessments[21] - The company implemented adjustments in accounting standards affecting operating costs and sales expenses, with a net adjustment of ¥572,130.20[21]

江苏云涌电子科技股份有限公司 2025 年第三季度报告 证券代码：688060 证券简称：云涌科技 江苏云涌电子科技股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、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。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 59,242,071.02 | -19.09 | 189,217,501.74 | 7.55 | | 利润总额 | -954,386.62 | 不适 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥266,106,491.97, a decrease of 16.90% compared to the same period last year[3] - The total profit for the period was -¥132,863,684.64, with a year-to-date total profit of -¥351,385,814.25[3] - The net profit attributable to shareholders was -¥134,380,931.48 for the quarter, and -¥351,238,284.64 year-to-date, indicating significant losses[3] - The basic earnings per share for the quarter was -¥0.2420, and -¥0.6325 year-to-date[4] - The company reported a 39.83% decrease in total profit for the quarter due to a decline in operating revenue[8] - Net profit for the first three quarters of 2025 was reported at -¥351,407,328.34, compared to -¥353,728,456.42 in the same period of 2024, indicating a slight improvement in losses[22] - The company reported a basic and diluted earnings per share of -¥0.6325 for the first three quarters of 2025, compared to -¥0.7080 in the same period of 2024, indicating a slight improvement[23] Assets and Liabilities - Total assets decreased by 6.39% from the end of the previous year, amounting to ¥2,123,512,020.39[4] - As of September 30, 2025, the company's total assets amounted to RMB 2,123,512,020.39, a decrease from RMB 2,268,367,958.48 as of December 31, 2024, reflecting a decline of approximately 6.4%[16] - The company's cash and cash equivalents were RMB 220,107,337.02, down from RMB 416,713,034.61 at the end of 2024, indicating a decrease of about 47.3%[16] - The total current liabilities increased to RMB 275,000,000.00 from RMB 190,125,277.78, representing an increase of approximately 44.7%[17] - The total liabilities increased to ¥1,274,638,569.51 from ¥1,188,702,797.82, showing an increase of approximately 7.2%[19] - The total equity attributable to shareholders decreased to ¥844,792,961.92 from ¥1,076,265,628.01, a decline of about 21.5%[19] Cash Flow - The net cash flow from operating activities for the quarter was -¥8,038,321.80, with a year-to-date total of -¥230,360,239.72[3] - The company experienced a 41.24% increase in net cash flow from operating activities for the quarter, attributed to effective cost reductions and improved inventory management[9] - Cash inflow from operating activities totaled ¥842,890,241.81, a decrease from ¥925,484,378.17 in the previous year, representing a decline of about 8.9%[26] - The net cash flow from operating activities was -230,360,239.72, a decrease from -427,967,091.97 in the previous period, indicating a significant improvement[27] - Total cash outflow from operating activities amounted to 1,073,250,481.53, down from 1,353,451,470.14, reflecting a reduction in operational expenses[27] - Cash inflow from financing activities was 111,069,947.20, a recovery from a negative cash flow of -209,894,516.37 in the previous period, indicating improved financing conditions[27] - Total cash inflow from financing activities was 291,875,000.00, while cash outflow totaled 180,805,052.80, resulting in a net inflow[27] Investments and Subsidiaries - The company converted RMB 118,461,000 of "Keda Convertible Bonds" into 18,567,080 shares, which is about 3.75726% of the total shares outstanding prior to conversion[14] - The company has a remaining amount of RMB 152,861,000 in "Keda Convertible Bonds," which constitutes 29.62% of the total issued convertible bonds[14] - The company established a new subsidiary, Beijing Xinghua Keda Technology Co., Ltd., with a registered capital of RMB 5 million, in which it holds a 10% equity stake[15] - The company's long-term equity investments decreased to RMB 8,051,031.52 from RMB 11,057,560.05, indicating a decline of about 27.2%[17] Operational Efficiency - Total operating costs decreased to ¥1,132,464,560.00 from ¥1,148,310,585.53, marking a reduction of about 1.4%[21] - Research and development expenses for the first three quarters of 2025 were ¥335,295,685.51, down from ¥358,859,664.12 in 2024, reflecting a decrease of approximately 6.6%[21] - Cash paid to employees was 593,599,285.09, a decrease from 754,858,250.49, suggesting cost-cutting measures[27] - Cash paid for taxes was 93,273,264.00, slightly down from 98,619,260.70, indicating stable tax obligations[27] - The cash outflow for purchasing goods and services was ¥231,237,739.15, down from ¥294,885,187.36 in the previous year, reflecting a decrease of approximately 21.5%[26] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[29]

Financial Performance - The company's operating revenue for the third quarter was ¥667,493,786.48, a decrease of 24.16% year-on-year[4]. - Total profit for the quarter was ¥46,916,945.07, down 36.84% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥17,539,680.42, reflecting a decline of 54.25% year-on-year[4]. - The basic earnings per share for the quarter was ¥0.0402, a decrease of 54.25% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 1,848,048,444.99, a decrease of 20.1% compared to CNY 2,313,482,032.58 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 67,850,495.54, a decline of 29.5% compared to CNY 96,281,139.74 in the same period of 2024[18]. - The company's basic earnings per share of CNY 0.0759 for the first three quarters of 2025, down from CNY 0.1310 in the same period of 2024[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,192,184,051.98, an increase of 0.90% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, amounted to CNY 3,192,184,051.98, slightly up from CNY 3,163,772,349.08 at the end of 2024[16]. - Total liabilities decreased to CNY 718,567,000.43 as of September 30, 2025, from CNY 898,798,567.82 at the end of 2024, representing a reduction of 20.0%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥56,920,355.34, a decrease of 120.84% compared to the same period last year[4]. - In the first three quarters of 2025, the net cash flow from operating activities was -56,920,355.34 RMB, compared to 273,072,382.94 RMB in the same period of 2024, indicating a significant decline[20]. - Total cash inflow from operating activities in 2025 was 2,080,381,831.23 RMB, down from 2,784,990,235.27 RMB in 2024, representing a decrease of approximately 25.3%[20]. - Cash outflow from operating activities totaled 2,137,302,186.57 RMB in 2025, compared to 2,511,917,852.33 RMB in 2024, reflecting a decrease of about 15%[20]. - The company reported a total cash inflow from operating activities of 2,080,381,831.23 RMB, while cash outflow was 2,137,302,186.57 RMB, leading to a negative cash flow[20]. Inventory and Costs - Total operating costs for the first three quarters of 2025 were CNY 1,783,728,609.52, down 20.5% from CNY 2,241,796,400.06 in the previous year[18]. - The company's inventory decreased to CNY 271,292,501.65 as of September 30, 2025, from CNY 409,774,151.33 at the end of 2024, indicating a reduction of 33.8%[16]. Other Income and Gains - Non-recurring gains and losses for the quarter amounted to ¥8,354,013.52, with significant contributions from government subsidies[9]. - The company reported a significant increase of 892.46% in net profit attributable to shareholders after deducting non-recurring gains and losses for the quarter[10]. - Other comprehensive income after tax for the first three quarters of 2025 was CNY 184,100,774.75, significantly higher than CNY 11,285,889.37 in the same period of 2024[18]. Cash Management - The net cash flow from investing activities was 115,080,628.62 RMB in 2025, a significant increase from 20,195,329.14 RMB in 2024[20]. - Cash inflow from investing activities in 2025 was 123,487,670.37 RMB, compared to 24,765,090.89 RMB in 2024, marking a substantial increase[20]. - Cash inflow from financing activities was 72,563,554.58 RMB in 2025, a decrease from 456,558,889.33 RMB in 2024, indicating a decline of approximately 84.2%[20]. - The net cash flow from financing activities was -115,167,331.63 RMB in 2025, compared to -476,741,797.85 RMB in 2024, showing an improvement in cash flow management[20]. - The ending cash and cash equivalents balance for 2025 was 623,481,308.82 RMB, an increase from 546,970,214.13 RMB in 2024[20]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company did not apply new accounting standards or interpretations for the year 2025[21].

重要内容提示： 冠城大通新材料股份有限公司2025 年第三季度报告 证券代码：600067 证券简称：冠城新材 冠城大通新材料股份有限公司 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。 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 冠城大通新材料股份有限公司2025 年第三季度报告 | 基本每股收益（元/股） | 0.05 | | 不适用 | 0.06 | | 不适用 | | --- | --- | --- | --- | --- | --- | --- | | 稀释每股收益（元/股） | 0.05 | | 不适用 | 0.06 | | 不适用 | | 加权平均净资产收益 | | 增加 1.80 | 个百 | | 增加 | 个百 2.54 | | 率（ ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥8,161,613,819.20, a decrease of 0.97% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥61,895,454.46, with a year-to-date loss of ¥710,621,303.70[3] - Total operating revenue for the first three quarters of 2025 was CNY 23.76 billion, a decrease of 7.8% compared to CNY 25.76 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 710.62 million, an improvement from a loss of CNY 1.95 billion in the same period of 2024[19][20] - The company reported a basic and diluted earnings per share of CNY -0.1135 for the first three quarters of 2025, an improvement from CNY -0.3107 in 2024[20] Assets and Liabilities - The total assets increased by 6.39% to ¥50,202,205,955.89 compared to the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 50,202,205,955.89, an increase from RMB 47,187,699,382.09 as of December 31, 2024, reflecting a growth of approximately 4.3%[15][17] - The company's current assets decreased to RMB 8,376,033,303.57 from RMB 9,022,030,734.11, representing a decline of about 7.2%[15] - The total liabilities increased to RMB 43,392,033,581.61 from RMB 39,628,325,103.79, indicating a rise of approximately 9.2%[16][17] - The company's long-term borrowings increased to RMB 15,025,743,595.43 from RMB 10,055,522,000.00, reflecting a significant rise of about 49.5%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥948,788,581.07 year-to-date[3] - Cash flow from operating activities showed a net outflow of CNY 948.79 million, compared to a net outflow of CNY 1.45 billion in the previous year[22] - Cash flow from investing activities resulted in a net outflow of CNY 3.24 billion, slightly improved from a net outflow of CNY 3.55 billion in 2024[24] - Cash flow from financing activities generated a net inflow of CNY 3.67 billion, compared to CNY 3.60 billion in the same period of 2024[24] - The total cash and cash equivalents at the end of the period was CNY 1.11 billion, down from CNY 1.92 billion at the end of the same period in 2024[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 186,521[9] - The company completed a share repurchase of 69,991,600 shares, accounting for 1.117% of the total share capital, with a total expenditure of RMB 100,036,312.00[10] - The controlling shareholder, Jiugang Group, has cumulatively increased its stake by 250,918,978 shares, representing 4% of the total share capital, with a total investment of RMB 300 million[11] Research and Development - The company plans to focus on research and development in new energy steel products, as indicated by a 319.95% increase in development expenditures[7] - Research and development expenses for the first three quarters of 2025 were CNY 577.91 million, a decrease of 21.7% from CNY 737.59 million in 2024[19] Legal Matters - The company successfully defended against a patent infringement lawsuit, resulting in a favorable ruling that confirmed no infringement occurred[12] Inventory and Receivables - The accounts receivable increased by 38.09%, attributed to an increase in customer payments[7] - The company's inventory decreased to RMB 4,556,062,376.29 from RMB 4,829,914,943.04, a reduction of approximately 5.6%[15] - The company's retained earnings showed a deficit of RMB 7,637,436,362.57, worsening from a deficit of RMB 6,926,815,058.87[16]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥48,132,697,948, representing a year-on-year increase of 15.75%[2] - Total profit for the quarter was ¥2,974,302,175.92, an increase of 31.29% compared to the same period last year[2] - Net profit attributable to shareholders was ¥2,371,465,278.71, showing a slight decrease of 1.74% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,293,005,509.14, down by 1.39% from the previous year[2] - Total operating revenue for the first three quarters of 2025 reached ¥110.53 billion, a 3.6% increase from ¥106.63 billion in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥5.64 billion, a significant increase of 65.5% compared to ¥3.41 billion in 2024[17] - The company reported a total comprehensive income of ¥5.65 billion, compared to ¥3.40 billion in the previous year, reflecting overall growth[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥121,505,895,204, reflecting a 28.76% increase from the end of the previous year[3] - The total liabilities as of September 30, 2025, were ¥92,779,603,266.84, compared to ¥82,458,401,238.54, indicating an increase of 12.5%[14] - As of September 30, 2025, the total current assets amounted to ¥76,552,966,126.52, an increase of 15.4% from ¥65,997,852,115.51 on December 31, 2024[12][13] - Total non-current assets increased to ¥44,952,929,077.78 from ¥28,366,106,807.38, representing a significant rise of 58.5%[13][14] - The company's equity attributable to shareholders increased by 126.70% to ¥27,802,566,185.32 compared to the end of the previous year[3] - The company's equity attributable to shareholders rose to ¥27,802,566,185.32 from ¥12,264,245,429.40, marking a substantial increase of 126.5%[14] Cash Flow - The company reported a net cash flow from operating activities of ¥22,649,447,024.50, an increase of 13.18% year-to-date[2] - Cash flow from operating activities generated ¥22.65 billion, an increase from ¥20.01 billion in the same period last year[18] - The net cash inflow from operating activities was ¥136.74 billion, an increase from ¥120.78 billion in the same period last year[18] - The ending cash and cash equivalents balance stood at approximately $26.68 billion, compared to $15.04 billion at the end of the previous period, showing robust liquidity[19] Investment Activities - Cash inflow from investment activities totaled approximately $40.1 billion, a significant increase from $6.65 billion in the previous period[19] - Net cash outflow from investment activities was approximately -$8.2 billion, compared to -$5.7 billion previously, indicating increased investment expenditures[19] - Cash received from investments was approximately $126.79 million, up from $63.96 million, indicating improved investment returns[19] - Cash paid for investments amounted to approximately $44.32 billion, a significant increase from $7.45 billion, reflecting aggressive investment strategies[19] Expenses and Profitability - The basic earnings per share for the quarter was ¥1.49, a decrease of 6.88% year-on-year[3] - Total operating costs increased to ¥104.45 billion, up from ¥102.94 billion, with sales expenses rising by 14.5% to ¥15.99 billion[16] - Basic earnings per share rose to ¥3.34, compared to ¥2.67 in the previous year, reflecting improved profitability[18] - Research and development expenses rose to ¥5.06 billion, compared to ¥4.37 billion, highlighting the company's commitment to innovation[16] - The company has seen an increase in gross profit margin compared to the same period last year, indicating improved profitability[6] Shareholder and Structural Changes - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[11]