河南思维自动化设备股份有限公司 2025 年第三季度报告 证券代码：603508 证券简称：思维列控 河南思维自动化设备股份有限公司 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。 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 | 264,124,393.19 | -23.90 | 953,314,210.52 | 5.25 | | 利润总额 | 113,478,667.47 | -29.22 | 476,222,783.21 | 20.80 | | 归属于上市公司 ...

辽宁曙光汽车集团股份有限公司 2025 年第三季度报告 证券代码：600303 证券简称：曙光股份 辽宁曙光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 （一） 主要会计数据和财务指标 | 项目名称 | 变动比例（%） | 主要原因 | | --- | --- | --- | | 经营活动产生的现金流 | -485.88 | 主要系公司本年度业务规模增加，营业收入实现增 | | 量净额-本报告期 | | 长，本季度公司支付材料采购款增加及经营性票据 | | 经营活动产生的现金流 | 不适用 | 保证金增加影响经营活动产生的现金流量支出同 | | 量净额 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥701,110,452.02, a decrease of 17.42% compared to ¥849,739,629.91 in the same period last year[5] - The net profit attributable to shareholders for the same period was ¥57,272,393.11, down 20.88% from ¥91,721,684.70 year-on-year[5] - The net profit after deducting non-recurring gains and losses decreased by 37.75% to ¥40,128,946.95 compared to ¥64,465,113.48 in the previous year[5] - The basic earnings per share for the year-to-date period was ¥0.35, reflecting a decline of 35.19% from ¥0.62 in the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 2,342,688,380.58, a decrease of 24.5% compared to CNY 3,106,799,761.83 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was CNY 207,696,890.52, a decline of 30.2% from CNY 297,472,674.34 in 2024[23] - Earnings per share for the first three quarters of 2025 were CNY 0.35, compared to CNY 0.54 in the same period of 2024[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,740,250,349.55, a decrease of 2.41% from the previous year-end[5] - The total assets as of the reporting date were CNY 6,740,250,349.55, compared to CNY 6,906,762,381.38 in the previous period[20] - Total liabilities decreased to CNY 1,827,462,967.59 from CNY 2,201,671,889.94 in the previous period[20] - The total equity increased to CNY 4,912,787,381.96 from CNY 4,705,090,491.44 in the previous period[20] Cash Flow - As of September 30, 2025, the total current assets amounted to approximately CNY 3.30 billion, a decrease from CNY 3.60 billion as of December 31, 2024[18] - Cash and cash equivalents were reported at CNY 2.16 billion as of September 30, 2025, compared to CNY 2.20 billion at the end of 2024[18] - The cash inflow from operating activities was CNY 2,862,659,766.36, a decrease of 24.3% compared to CNY 3,781,113,356.76 in the same period of 2024[24] - The net cash flow from operating activities was CNY 346,124,906.38, down 39.2% from CNY 569,040,298.71 year-on-year[24] - The cash inflow from investment activities totaled CNY 495,891,643.64, a decline of 68.8% compared to CNY 1,586,271,488.85 in the previous year[25] - The total cash and cash equivalents at the end of the period were CNY 2,157,376,554.50, compared to CNY 1,822,777,273.97 at the end of the same period last year[25] Research and Development - New product approvals include the launch of Canpu Granules for pelvic inflammatory disease and KYS2301 Gel for atopic dermatitis, indicating ongoing R&D efforts[12] - The innovative drug ZX2021 for treating obesity and type 2 diabetes completed the first subject enrollment in Phase II by June 2025, with all dosage groups showing weight loss effects, aiming for Phase III clinical trials in Q3 2026[13] - The innovative drug ZX2010 for treating type 2 diabetes and obesity completed the first subject enrollment in Phase II by July 2025, with plans to enter Phase III clinical trials in Q3 2026[13] - The innovative drug ZX1305E for treating neurotrophic keratitis completed the first subject enrollment in Phase II by June 2025, with plans for Phase III clinical trials in Q3 2026[13] - The innovative drug ZX1305 for treating optic nerve injury is currently in Phase IIb clinical trials, with all projects progressing according to clinical plans for early market launch[13] - Research and development expenses for the first three quarters of 2025 were CNY 351,637,702.25, a decrease of 31.2% from CNY 510,836,777.52 in 2024[22] Market and Sales - The company reported a significant decline in sales of core products such as Re Du Ning Injection and Jin Zhen Oral Liquid due to fluctuations in market demand[10] - The company is focusing on academic promotion and professional transformation to enhance sales stability in orthopedic products like Compound Nanjing Pain Relief Plaster[11] - The company is expanding its market presence through diverse channels, including new retail strategies and enhanced academic support for agents[12] Shareholder Information - The top ten shareholders include Jiangsu Kangyuan Group with 31.12% ownership, holding 176,173,467 shares[16] - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities[17] Other Financial Information - The company reported a decrease in cash and cash equivalents, impacting liquidity and operational flexibility[20] - The company did not report any cash inflow from new borrowings during the financing activities[25] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[26]

安阳钢铁股份有限公司 2025 年第三季度报告 证券代码：600569 证券简称：安阳钢铁 安阳钢铁股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 7,775,512,303.20 | 19.24 | 23,290,062 ...

Financial Performance - Revenue for the third quarter was CNY 1,686,069,180.34, a decrease of 18.60% compared to the same period last year[4] - Total profit for the quarter was CNY 366,708,681.68, down 40.13% year-over-year[4] - Net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 372,924,617.90, a decline of 30.79% compared to the previous year[4] - Basic earnings per share for the quarter were CNY 0.0548, a decrease of 22.38% from the same period last year[5] - Total operating revenue for the first three quarters of 2025 was approximately ¥5.66 billion, a decrease of 11.97% compared to ¥6.43 billion in the same period of 2024[16] - Net profit for the first three quarters of 2025 was approximately ¥1.33 billion, a decrease of 19.43% compared to ¥1.65 billion in 2024[17] - Operating profit for the first three quarters of 2025 was approximately ¥1.58 billion, down 25.06% from ¥2.11 billion in 2024[16] - The basic earnings per share for the first three quarters of 2025 was ¥0.1957, down from ¥0.2429 in 2024[17] - The company reported a total comprehensive income of approximately ¥1.18 billion for the first three quarters of 2025, compared to approximately ¥1.47 billion in 2024[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 35,971,983,983.03, an increase of 1.55% from the end of the previous year[5] - The company's current assets totaled RMB 5,409,554,771.44, compared to RMB 5,008,602,817.00 at the end of 2024, indicating an increase of about 8.01%[11][13] - The company's total liabilities were reported at RMB 12,448,387,584.87, down from RMB 13,076,793,625.52, showing a reduction of about 4.80%[13] - The non-current assets totaled RMB 30,562,429,211.59, slightly up from RMB 30,413,828,244.85, reflecting an increase of approximately 0.49%[12][13] Shareholder Information - The company reported a total of 48,659 common shareholders at the end of the reporting period[8] - The largest shareholder, Inner Mongolia Yitai Coal Co., Ltd., holds 50.10% of the shares[8] - Shareholder equity attributable to the company was CNY 23,523,596,398.16, up 5.27% compared to the previous year[5] - The total equity attributable to shareholders increased to RMB 23,523,596,398.16 from RMB 22,345,637,436.33, marking a growth of approximately 5.26%[13] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 4,187,731,449.87, a decrease of 24.87%[5] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥4.19 billion, a decrease of 25.00% from ¥5.57 billion in 2024[18] - Cash and cash equivalents decreased to RMB 1,172,294,241.63 from RMB 1,478,946,824.54, representing a decline of approximately 20.66%[11][12] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled approximately ¥4.22 billion, an increase from ¥2.99 billion at the end of 2024[19] - The company reported a net cash outflow from investing activities of approximately ¥3.07 billion in the first three quarters of 2025, compared to a net outflow of approximately ¥2.41 billion in 2024[19] - The company experienced a net cash outflow from financing activities of approximately ¥504 million in the first three quarters of 2025, compared to a net outflow of approximately ¥2.52 billion in 2024[19] Operational Insights - The company's accounts receivable decreased to RMB 652,282,778.37 from RMB 950,387,321.32, a decline of about 31.39%[11][12] - The company has not disclosed any new product developments or market expansion strategies in the provided content, which may be relevant for future assessments[10] - There are no significant changes reported in the financing or shareholding structure of the company during the reporting period[10]

Financial Performance - The company's operating revenue for the third quarter was ¥628,872,319.38, a decrease of 13.75% compared to the same period last year[5]. - The total profit for the quarter was -¥1,671,602.59, reflecting a decline of 155.28% year-on-year[11]. - The net profit attributable to shareholders was ¥1,402,616.10, down 69.57% from the previous year[5]. - The net profit after deducting non-recurring gains and losses was -¥3,467,330.53, a decrease of 220.84% compared to the same period last year[5]. - The total profit for the year-to-date was ¥2,976,584.30, down 66.47% year-on-year[11]. - Net profit for the first three quarters of 2025 was CNY 2,708,251.99, a decline of 60.96% from CNY 6,941,569.05 in the same period of 2024[22]. - The company's comprehensive income for the first three quarters of 2025 totaled CNY 1,972,142.36, significantly lower than CNY 6,292,587.54 in 2024, indicating a decrease of 68.66%[22]. Research and Development - Research and development expenses totaled ¥40,720,238.74, accounting for 6.48% of operating revenue, an increase of 0.68 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2025 were CNY 113,244,551.72, nearly unchanged from CNY 113,755,481.38 in 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,871,746,680.11, representing a slight increase of 0.48% from the end of the previous year[6]. - Total current assets amount to ¥3,000,460,206.24, a decrease from ¥3,138,932,782.27 in the previous year[16]. - Total liabilities of the company as of the reporting date were CNY 2,004,280,661.48, an increase from CNY 1,977,971,310.67 in the previous year[21]. - The total equity attributable to shareholders of the parent company was CNY 2,791,674,196.25, slightly up from CNY 2,786,137,700.77 in the previous year[21]. Cash Flow - The company reported a net cash flow from operating activities of -¥4,596,435.90 for the year-to-date[6]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $2.07 billion, a decrease of 13.8% compared to $2.40 billion in the same period of 2024[24]. - Net cash outflow from operating activities was $4.60 million in 2025, improving from a net outflow of $13.23 million in 2024[24]. - Cash inflow from investment activities totaled approximately $76.47 million in 2025, significantly higher than $35.53 million in 2024[25]. - Net cash outflow from investment activities was $189.43 million in 2025, compared to $416.44 million in 2024, indicating a reduction in investment losses[25]. - Cash inflow from financing activities was approximately $991.83 million in 2025, down from $1.15 billion in 2024[25]. - The company reported a cash outflow of $920.51 million for debt repayment in 2025, which was higher than $743.87 million in 2024[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,293[13]. - The largest shareholder, Xie Yingbo, holds 16,239,432 shares, representing 9.88% of total shares[14]. Other Financial Metrics - The basic earnings per share for the quarter were ¥0.01, a decrease of 66.67% compared to the same period last year[6]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.07, compared to CNY 0.06 in the same period of 2024, representing a 16.67% increase[23]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[15]. - The company did not apply new accounting standards for the year 2025[26].

证券代码：601333(A 股)/00525(H 股) 证券简称：广深铁路 广深铁路股份有限公司 Guangshen Railway Company Limited （于中华人民共和国注册成立之股份有限公司） 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。 2025 年 10 月 30 日 广深铁路股份有限公司2025 年第三季度报告 一、重要内容提示： □是 √否 二、主要财务数据 注：净资产收益率的"比上年同期增减变动幅度(%)"为两期数的差值。 (二) 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 非经常性损益项目 | 本期金额 | 年初至报告期末金额 | | --- | --- | --- | | 非流动性资产处置损益，包括已计提资产减值准备 | 373,830,081 | 377,305,737 | | 的冲销部分 | | | | 计入当期损益的政府补助，但与公司正常经营业务 | 34,554,143 | 105,502,110 | | 密切相关、符合国家政策规定、按 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥93,791,546.68, representing a 38.24% increase year-over-year[5] - Total operating revenue for Q3 2025 reached ¥210,127,503.56, an increase of 11.8% compared to ¥188,470,946.45 in the same period last year[21] - The net profit attributable to shareholders was -¥19,071,956.00, a decrease of 0.81% compared to the same period last year[5] - Operating profit for Q3 2025 was reported at -¥55,038,537.89, an improvement from -¥64,093,622.04 in the previous year[22] - Net profit for the period was -¥60,477,990.98, slightly better than -¥64,301,091.95 in Q3 2024, indicating a year-over-year improvement[22] - The company's basic earnings per share for Q3 2025 was -¥0.0090, a decrease of 1.12% year-over-year[5] - The company reported a basic and diluted earnings per share of -¥0.0284, compared to -¥0.0302 in the same quarter last year[23] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥5,417,859.19, showing a significant improvement of 96.14% compared to the previous year[5] - Cash generated from operating activities was ¥203,522,132.51, down from ¥251,336,839.95 in the previous year, representing a decline of 19%[24] - The total cash outflow from operating activities was 227,023,109.98, compared to 409,742,672.68 in the previous year[25] - The cash inflow from investment activities was 2,700,000.00, a decrease from 14,000,000.00 year-over-year[25] - The net cash flow from investment activities was 2,764,613.38, down from 13,070,645.13 in the previous year[25] - The total cash inflow from financing activities was 35,200,000.00, compared to 164,076,483.32 in the same period last year[26] - The net cash flow from financing activities decreased to -9,577,237.21 from 73,988,609.32 year-over-year[26] - The cash and cash equivalents at the end of the period were 5,508,560.28, down from 1,859,922.32 in the previous year[26] - The company's cash and cash equivalents decreased from ¥43,344,479.42 to ¥20,050,349.03, a decline of approximately 53.8%[17] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥960,169,203.36, down 7.62% from the end of the previous year[5] - Total assets decreased from ¥1,039,414,902.80 to ¥960,169,203.36, a reduction of approximately 7.6%[18] - Total current liabilities increased from ¥136,771,833.32 to ¥148,795,408.34, an increase of about 8.3%[18] - The total liabilities decreased to ¥610,967,297.24 from ¥629,874,355.51, showing a reduction of approximately 3%[22] - The total equity attributable to shareholders decreased by 14.68% to ¥349,667,218.73 compared to the end of the previous year[5] - The total equity attributable to shareholders decreased to ¥349,667,218.73 from ¥409,841,954.94, a decline of about 14.7%[22] Operational Metrics - Research and development expenses decreased by 40.01% to ¥7,676,346.60 compared to the same period last year[12] - The company reported a significant increase in credit impairment losses, which rose by 545.20% to -¥19,284,664.87[12] - The company reported a credit impairment loss of -¥19,284,664.87, contrasting with a gain of ¥4,331,700.90 in the previous year[22] - The company experienced a 96.11% decrease in contract liabilities, dropping to ¥1,592,731.77[10] - The company reported a significant decrease in inventory from ¥14,756,183.33 to ¥6,764,897.17, a drop of approximately 54.1%[18] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 63,244[14] - The largest shareholder, Shandong Quanxing Technology Co., Ltd., holds 23.47% of shares, totaling 497,703,136 shares[14] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[16] - There is no information regarding mergers or acquisitions in the latest financial report[16] - The company did not undergo an audit for the third quarter financial report[27]

Financial Performance - Net profit attributable to shareholders was ¥1,912,800.85, representing a decrease of 53.91% year-over-year[3] - Operating revenue for the reporting period was ¥410,073,326.62, down 1.43% from the same period last year[3] - The basic earnings per share decreased by 60.71% to ¥0.0022[4] - Total operating revenue for the current period was CNY 1,025,104,268.23, a decrease of 18.3% compared to CNY 1,254,735,735.24 in the previous period[20] - Net profit for the current period was a loss of CNY 92,056,387.26, compared to a loss of CNY 35,371,276.38 in the previous period, indicating a significant increase in losses[21] - Basic earnings per share for the current period was -0.1015, compared to -0.0326 in the previous period, indicating a decline in earnings performance[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,730,740,089.70, a decrease of 0.32% compared to the previous year[3] - The company reported a total asset of CNY 6,730,740,089.70 as of September 30, 2025, a slight decrease from CNY 6,752,422,553.02 at the beginning of the period[16] - Current assets amounted to CNY 5,264,636,761.37, showing a marginal increase from CNY 5,236,811,571.93[17] - The company held a total of CNY 1,466,103,328.33 in non-current assets, down from CNY 1,515,610,981.09[17] - The total liabilities decreased to CNY 3,395,337,767.15 from CNY 3,970,075,852.75, a reduction of approximately 14.5%[19] - The company’s total liabilities were not explicitly stated but included significant short-term debts and accounts payable[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥521,312,743.01, an improvement of 21.53% compared to the previous year[4] - Operating cash flow for the current period was -521,312,743.01 CNY, an improvement from -664,354,448.33 CNY in the previous period, indicating a reduction in cash outflow[23] - Cash inflow from operating activities totaled 1,280,792,744.40 CNY, an increase from 1,187,167,853.88 CNY year-over-year[23] - Cash outflow for operating activities was 1,802,105,487.41 CNY, slightly lower than 1,851,522,302.21 CNY in the previous period[23] - Total cash inflow from financing activities reached 1,375,137,838.75 CNY, significantly higher than 424,093,013.09 CNY in the prior period, reflecting strong capital raising efforts[24] - Net cash flow from financing activities increased by 219.74% to ¥566,964,001.66, primarily due to the receipt of matching fundraising[10] Investment and Expenses - The company reported a significant increase in investment income, which rose by 105.10% to ¥10,350,532.19 due to the disposal of subsidiaries[10] - The company experienced a 58.79% increase in financial expenses, totaling ¥17,063,675.39, mainly due to higher interest expenses[10] - The company reported a significant increase in financial expenses, rising to CNY 17,063,675.39 from CNY 10,745,996.62, an increase of 58.5%[20] - Research and development expenses remained stable at CNY 238,425,304.88, slightly up from CNY 238,305,054.23[20] Shareholder Information - The company’s equity attributable to shareholders increased by 20.08% to ¥3,154,236,293.75 compared to the end of the previous year[3] - The company’s major shareholders include Shaanxi Fenghuo Communication Group Co., Ltd. with a 23.21% stake and Shaanxi Electronic Information Group Co., Ltd. with a 15.83% stake[13] - The company plans to use part of the raised funds for capital increase in subsidiaries for investment projects, as approved in recent board meetings[14] Inventory and Receivables - Inventory increased to CNY 1,809,575,919.37 from CNY 1,516,327,480.94, indicating a growth of approximately 19.3%[17] - Accounts receivable rose to CNY 2,527,819,947.73 from CNY 2,424,273,467.21, reflecting an increase of approximately 4.3%[16] Audit and Reliability - The third quarter report was not audited, which may affect the reliability of the financial data presented[25]

Financial Performance - The company's operating revenue for the third quarter was ¥547,599,373.65, representing a year-on-year increase of 1.70%[3] - The net profit attributable to shareholders for the third quarter was ¥55,894,406.85, a decrease of 23.41% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,306,665.23, down 51.13% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.21, a decrease of 25.00% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,608,996,851.58, a decrease of 3.2% compared to CNY 1,662,042,789.57 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 170,918,144.78, down 31.2% from CNY 248,782,134.33 in the same period of 2024[20] - Basic earnings per share decreased to CNY 0.65 from CNY 0.93 year-on-year, reflecting a decline of 30.1%[21] - The company reported a total comprehensive income of CNY 159,497,315.90 for the first three quarters of 2025, significantly lower than CNY 248,884,465.15 in 2024[21] Cash Flow and Assets - The net cash flow from operating activities for the third quarter was -¥153,183,522.35, a decrease of 321.62% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of CNY 415,280,431.09, compared to a net inflow of CNY 33,158,189.99 in the first three quarters of 2024[23] - Cash flow from investing activities resulted in a net outflow of CNY 1,717,301,371.50, worsening from a net outflow of CNY 463,201,322.05 in the previous year[23] - Cash flow from financing activities generated a net inflow of CNY 620,919,297.93, down from CNY 722,823,651.73 in the same period of 2024[23] - Total assets at the end of the reporting period were ¥4,904,644,784.54, an increase of 4.22% compared to the end of the previous year[4] - Total current assets amounted to RMB 3,827,760,799.21, an increase from RMB 3,603,284,206.48 as of December 31, 2024[17] - Total assets reached RMB 4,904,644,784.54 as of September 30, 2025, compared to RMB 4,705,834,620.37 at the end of 2024[18] - Cash and cash equivalents were reported at RMB 76,435,856.12 as of September 30, 2025, a significant decrease from RMB 1,596,608,142.64 at the end of 2024[16] Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥2,121,803,145.85, a decrease of 8.88% compared to the end of the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 16,641[10] - The largest shareholder, Feng Ronghua, holds 38.30% of the company's shares, totaling 104,428,865 shares[10] Debt and Liabilities - Total liabilities increased to RMB 2,782,841,638.69 from RMB 2,377,171,716.19 year-over-year[18] - The company's total equity decreased to RMB 2,121,803,145.85 as of September 30, 2025, down from RMB 2,328,662,904.18 at the end of 2024[18] - The company’s short-term borrowings increased to RMB 1,486,931,815.95 from RMB 1,244,813,860.06 year-over-year[17] Convertible Bonds - The company issued 5.76 million convertible bonds with a total amount of RMB 576 million, which began trading on September 13, 2023[12] - As of September 30, 2025, a total of RMB 178,000 of the convertible bonds had been converted into 15,798 shares, representing 0.0057% of the company's total issued shares prior to conversion[13] - The remaining unconverted amount of the convertible bonds is RMB 575,806,000, accounting for 99.9663% of the total issuance[13] - The company conducted a buyback of 160 convertible bonds from July 2 to July 8, 2025, with the buyback funds distributed on July 11, 2025[15] Expenses - Total operating costs increased to CNY 1,605,072,587.25, up 3.1% from CNY 1,556,575,375.54 year-on-year[19] - Research and development expenses decreased to CNY 82,536,279.30, down 25% from CNY 109,844,279.28 year-on-year[19] - Financial expenses surged to CNY 46,854,616.98, compared to CNY 7,136,322.62 in the same period of 2024, indicating a significant increase in interest expenses[19] Accounting Changes - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[24] - The announcement was made by the Board of Directors of Zhejiang Rongsheng Environmental Paper Industry Co., Ltd. on October 30, 2025[25]