Core Viewpoint - The company has reported its third-quarter financial results for 2025, highlighting significant changes due to the merger with Haitong Securities and the impact of asset impairment provisions on its financial performance [14][34]. Financial Data - The company completed a merger with Haitong Securities on March 14, 2025, and the financial data for the comparable period is based on the original financial data of Guotai Junan Securities [3][8]. - For the first nine months of 2025, the company recognized a non-recurring loss of approximately RMB 2.7 billion due to tax expenses related to the merger [6][7]. Asset Impairment - The company has recognized a total asset impairment loss of RMB 238.295 million for the first nine months of 2025, which significantly impacted its net profit [36][45]. - The breakdown of the impairment includes RMB 100.508 million for long-term receivables, RMB 44.996 million for financing lease receivables, and RMB 46.077 million for other debt investments [37][39][40]. Shareholder Information - As of the reporting period, the total number of A-share shareholders is 359,102, and H-share shareholders are 277 [9]. Corporate Governance - The company’s board of directors has ensured the accuracy and completeness of the quarterly report and has taken legal responsibility for its content [2][23]. - The board has approved several resolutions, including the asset impairment provision and the establishment of a management authorization framework [25][27][30].

Core Viewpoint - The company, Yongda Co., Ltd., has reported significant changes in its financial data due to the acquisition of a 51% stake in Jiangsu Jinyuan High-end Equipment Co., Ltd., which is expected to enhance its product offerings and optimize management structure [5]. Financial Data Summary - The quarterly report confirms that the financial information is accurate and complete, with no false records or major omissions [2]. - The third-quarter financial report has not been audited [3][8]. - The company has not made any retrospective adjustments or restatements of previous accounting data [3]. Acquisition Impact - The acquisition of Jiangsu Jinyuan High-end Equipment Co., Ltd. is a strategic move to expand the company's metal forging product business, which includes high-speed heavy-duty gear forgings and related products [5]. - The acquisition is expected to improve the company's performance and management structure [5]. Board Meeting and Resolutions - The second board meeting of the company was held on October 27, 2025, with all directors present, and the meeting complied with legal regulations [9]. - The board approved the third-quarter report and the internal audit work summary for the third quarter, along with the plan for the fourth quarter [11][12].