Core Insights - The company reported a significant decline in net profit and earnings per share for Q3 2025, with net profit attributable to shareholders dropping by 643.97% year-on-year to -92,637,754.9 yuan [2][4] - The total revenue for Q3 2025 was 213,306,657.05 yuan, a decrease of 4.9% compared to the same period last year [2][3] - For the year-to-date period (January to September 2025), the company achieved a total revenue of 735,796,717.21 yuan, reflecting a year-on-year growth of 19.3% [2][3] Financial Performance - The net profit attributable to shareholders for the year-to-date period was -150,834,729.42 yuan, a drastic decline of 12,246.62% compared to the previous year [2][3] - The net profit after excluding non-recurring items for Q3 2025 was -95,976,262.86 yuan, down 716.46% year-on-year [2][3] - Basic and diluted earnings per share for Q3 2025 were both -0.1896 yuan, a decrease of 647.98% from the same period last year [2][3] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -61,698,803.39 yuan, a decline of 157.57% year-on-year, primarily due to increased cash payments for goods and services [4] - As of the end of the reporting period, the company's total assets amounted to 3,040,965,490.14 yuan, a decrease of 7.27% from the end of the previous year [3] - The equity attributable to shareholders was 2,109,366,571.35 yuan, down 7.71% compared to the previous year-end [3] Reasons for Decline - The company attributed the significant drop in net profit to several factors, including pressure from declining prices in the domestic automotive industry affecting upstream R&D profitability [4] - Low profit margins on orders received over the past two years contributed to a decrease in overall gross margin [4] - An increase in inventory impairment provisions further impacted net profit levels [4]