Important Content Reminder:
- The Board of Directors and senior management guarantee the authenticity, accuracy, and completeness of the quarterly report, and bear individual and joint legal responsibilities for any false records, misleading statements, or major omissions.
- The person in charge of the company, the head of accounting, and the accounting institution declare that they ensure the financial information in the quarterly report is true, accurate, and complete.
- Whether the financial accounting report for the third quarter has been audited: □ Yes ☒ No
I. Main Financial Data
(1) Main Accounting Data and Financial Indicators
Whether the company needs to restate or adjust previous years' accounting data: □ Yes ☒ No
| Item | Current Period | Change Compared to Same Period Last Year | Year-to-Date | Change Compared to Same Period Last Year |
|---|
| Operating Revenue (CNY) | 317,156,627.46 | 10.84% | 887,582,444.52 | 14.25% |
| Net Profit Attributable to Shareholders (CNY) | 65,848,753.92 | 10.21% | 200,909,537.56 | 22.71% |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (CNY) | 63,486,197.45 | 16.11% | 192,547,818.11 | 26.01% |
| Net Cash Flow from Operating Activities (CNY) | — | — | 132,420,318.02 | 521.87% |
| Basic Earnings per Share (CNY/share) | 0.3550 | 10.21% | 1.0831 | 12.49% |
| Diluted Earnings per Share (CNY/share) | 0.3550 | 10.21% | 1.0831 | 12.49% |
| Weighted Average Return on Equity | 3.39% | -0.01% | 10.55% | -0.48% |
(2) Non-Recurring Gains and Losses Items and Amounts
| Item | Current Period Amount | Year-to-Date Amount | Description |
|---|
| Loss from Disposal of Non-Current Assets (including reversal of impairment provisions) | -109,568.17 | -350,953.71 | — |
| Government Subsidies Recognized in Current Profit and Loss | 3,515,503.34 | 10,311,712.86 | Excluding those closely related to normal business operations |
| Fair Value Changes of Financial Assets and Liabilities | 670,194.43 | 1,997,769.76 | Excluding effective hedging business |
| Other Operating Income and Expenses | -1,492,865.32 | -1,868,717.18 | — |
| Less: Income Tax Impact | 220,707.81 | 1,728,092.28 | — |
| Total | 2,362,556.47 | 8,361,719.45 | — |
(3) Changes in Main Accounting Data and Financial Indicators and Reasons
1. Balance Sheet Items
| Item | September 30, 2025 | December 31, 2024 | Change Ratio | Reason |
|---|
| Trading Financial Assets | 22,090,847.78 | 116,496,681.91 | -81.04% | Mainly due to the maturity of cash management products purchased last period |
| Prepayments | 24,484,989.00 | 10,357,946.60 | 136.39% | Mainly due to increased prepayments for raw material purchases |
| Other Receivables | 10,894,891.09 | 6,177,916.54 | 76.35% | Mainly due to increased interest on large certificates of deposit and employee travel advances |
| Construction in Progress | 191,563,141.36 | 137,210,926.47 | 39.61% | Mainly due to increased investment in various construction projects this period |
| Long-term Deferred Expenses | 7,100,654.09 | 881,470.60 | 705.55% | Mainly due to increased amortization of factory renovations |
| Other Non-Current Assets | 8,579,287.83 | 12,661,959.00 | -32.24% | Mainly due to the gradual deduction of input tax from the previous period |