长虹美菱(000521)_公司公告_虹美菱B:2025年三季度报告(英文版)

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虹美菱B:2025年三季度报告(英文版)下载公告
公告日期:2025-10-23

StockCode:000521,200521StockAbbreviation:ChanghongMeiling,HongmeilingBAnnouncementNo.:2025-071

ChanghongMeilingCo.,Ltd.TheThirdQuarterlyReportof2025

TheCompanyandwholemembersoftheBoardguaranteethattheinformationdisclosedistrue,accurateandcompleteandtherearenofictitiousrecords,misleadingstatementsormaterialomissionscarriedintheReport.ImportantNote:

Whetherthedirectorsorseniorexecutiveshaveanyobjectionstothecontentsofthequarterlyreportorcannotguaranteeitstruthfulness,accuracyandcompleteness

□Yes√No

1.TheBoardofDirectorsanditsdirectors,seniorexecutivesshouldguaranteethereality,accuracyandcompletionofthequarterlyreport,therearenoanyfictitiousstatements,misleadingstatementsorimportantomissionscarriedinthisreport,andshalltakelegalresponsibilities,individualandorjoint.

2.Mr.WuDinggang,PersoninchargeoftheCompany,Mr.YangBing,headofaccountingandMr.HuXiangfei,personinchargerofaccountingorgan(accountingofficer)herebyconfirmthatthefinancialinformationofthisQuarterlyReportisauthentic,accurateandcomplete.

3.TheThirdquarterlyreportauditedornot

□Yes√No

I.Mainfinancialdata(i)MainaccountingdataandfinancialindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdataornot

√Yes□NoRetroactiveadjustmentorrestatement

□Changesinaccountingpolicies□Correctionofaccountingerrors

√Mergersunderthesamecontrol□Otherreason

CurrentPeriodSameperiodoflastyearIncrease/decreaseintheperiodcomparedwiththesameperiodofthepreviousyearYear-begintoperiod-endSameperiodoflastyearIncrease/decreasefromyear-begintoperiod-endcomparedwiththesameperiodofthepreviousyear
BeforeadjustmentAfteradjustmentAfteradjustmentBeforeadjustmentAfteradjustmentAfteradjustment
Operatingincome(RMB)7,321,413,995.487,810,029,557.257,815,798,948.22-6.33%25,392,929,837.6322,757,699,848.9522,775,149,971.7611.49%
Netprofitattributabletoshareholdersofthelistedcompany(RMB)71,219,065.64115,406,948.15115,953,785.77-38.58%488,406,410.91530,440,364.03532,042,735.95-8.20%
Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB)59,980,739.9081,836,690.1781,753,224.33-26.63%451,027,864.43514,341,146.54515,311,042.02-12.47%
Netcashflowarisingfromoperatingactivities(RMB)1,344,895,114.322,745,427,803.452,753,988,429.67-51.17%
Basicearningspershare(RMB/Share)0.06920.11210.1126-38.54%0.47430.51500.5166-8.19%
Dilutedearningspershare(RMB/Share)0.06920.11210.1126-38.54%0.47430.51500.5166-8.19%
WeightedaverageROE1.16%1.96%1.97%Decreasedby0.81percentagepoints7.86%8.86%8.89%Decreasedby1.03percentagepoints
EndofthisperiodEndoflastperiodChangesofthisperiod-endoversameperiod-endoflastyear
BeforeadjustmentAfteradjustmentAfteradjustment
Totalassets(RMB)24,058,903,150.6623,972,603,896.4823,972,603,896.480.36%
Owners’equityattributabletoshareholdersoflisted6,211,715,768.656,085,800,940.386,085,800,940.382.07%

Note:InOctober2024,theCompanyacquired99%oftheequityofHefeiChanghongIndustrialCo.,Ltd.(hereinafterreferredtoas"HefeiIndustrial")heldbythecontrollingshareholderSichuanChanghongElectricCo.,Ltd.(hereinafterreferredtoas"SichuanChanghong")withitsownfunds;HefeiMeilingIOTTechnologyCo.,Ltd.(hereinafterreferredtoas"HefeiIndustry"),asubsidiary,acquired1%ofthesharesofHefeiIndustrialheldbySichuanChanghongInnovationInvestmentCo.,Ltd.,asubsidiaryofSichuanChanghong,withitsownfunds.OnNovember20,2024,HefeiIndustrialhascompletedtheindustrialandcommercialchangeregistrationproceduresforthechangeofshareholdersofthecompany,andobtainedthe"RegistrationNotice"issuedbytheMarketSupervisionandAdministrationBureauofHefeiEconomicandTechnologicalDevelopmentZone,AnhuiProvince.Afterthecompletionoftheequitytransfer,theCompanyholds100%oftheequityofHefeiIndustrial.Duringthereportingperiod,accordingtobusinessarrangements,HefeiMeilingNonferrousMetalProductsCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,hasacquired1%equityinterestinHefeiIndustryheldbyWulianTechnology.AccordingtotherelevantprovisionsoftheNo.33AccountingStandardforBusinessEnterprises-ConsolidatedFinancialStatement,theparentcompanyshalladjusttheopeningnumberoftheconsolidatedstatementandatthesametimeshalladjusttherelevantitemsofthecomparativestatementsduetotheadditionofsubsidiariesandbusinessesduetothebusinesscombinationunderthecommoncontrolduringthereportingperiod,soastotreattheconsolidatedreportingentityashavingexistedsincethetimewhentheultimatecontrollerbegantocontrol.Accordingly,theopeningnumbersandthenumbersofthesameperiodofthepreviousyearhavebeenrestated.(ii)Itemsofnon-recurringgainsandlosses

√Applicable□Notapplicable

InRMB

ItemCurrentamountYear-begintoperiod-endNote
Gains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets)-4,555,400.42-6,262,005.60
Governmentalsubsidycalculatedintocurrentgainsandlosses(whilecloselyrelatedwiththenormalbusinessoftheCompany,thegovernmentsubsidythataccordwiththeprovisionofnationalpoliciesandarecontinuouslyenjoyedinlinewithacertainstandardquotaorquantityareexcluded)20,888,555.1455,844,665.87Mainlyduetogovernmentsubsidies.
Gainandlossfromchangeofthefairvaluearisingfromtransactionalmonetaryassets,transactionalfinancialliabilitiesasheldaswellastheinvestmentincomearisingfromdisposalofthetransactionalmonetaryassets,transactionalfinancialliabilitiesandfinancialassetsavailableforsaleexcludingtheeffectivehedgingtransactioninconnectionwiththeCompany’snormalbusiness-13,550,777.52-26,151,252.76MainlyduetothegainsandlossesarisingfromtheCompany'sirrevocableorders,changesinthefairvalueofforeignexchangecontractsanddisposalsinthecurrentperiod
Switchbackoftheimpairmentforreceivablesthathasimpairmenttestindependently8,715,608.6218,614,550.79
Gain/lossondebtrestructuring84,052.53
Othernon-operatingincomeandexpensesotherthantheabove2,998,112.564,638,812.66
Less:impactonincometax1,973,569.995,599,313.10
Impactonminorityshareholders’equity(post-tax)1,284,202.653,790,963.91
Total11,238,325.7437,378,546.48--

Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition

□Applicable√NotapplicableTherearenoothergains/lossesitemsthatmeetthedefinitionofnon-recurringgains/lossesintheCompany.Explaintheitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss(revisedin2023)

□Applicable√NotapplicableTherearenoitemsdefinedasrecurringprofit(gain)/lossaccordingtothelistsofextraordinaryprofit(gain)/lossinQ&AAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic---ExtraordinaryProfit/loss.

(iii)Particularsaboutmaterialchangesinitemsofmainaccountingstatementandfinancialindexandexplanationsofreasons

√Applicable□Notapplicable

1.Changesandreasonsofitemsinbalancesheet

InRMB

ItemEndingbalanceOpeningbalanceChangesratioReasonsofchanges
Tradingfinancialassets1,775,015,353.44--MainlyduetotheCompany'spurchaseofstructureddepositsduringthecurrentperiod.
Derivativefinancialassets26,709,688.5172,010,074.43-62.91%Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges
Accountreceivable2,544,979,733.661,527,978,374.4866.56%MainlyduetotheincreaseintheCompany'soperatingincomeduringthecurrentperiod.
Otherreceivable60,354,615.63135,391,270.79-55.42%MainlyduetotheCompanyreceivingexporttaxrebatesduringthecurrentperiod.
Inventory1,923,754,513.923,514,968,009.34-45.27%MainlyduetothereductionintheCompany'sproductionduringthecurrentperiod.
Contractassets710,919.002,763,866.97-74.28%Mainlyduetothetransferofcontractassetstoaccountsreceivableduringthecurrentperiod.
Non-currentassetduewithinoneyear654,660,628.7860,242,921.84986.70%MainlyduetotheincreaseintheCompany'sdebtinvestmentsmaturingwithinoneyearduringthecurrentperiod.
Constructioninprocess133,827,437.2197,807,983.4036.83%MainlyduetotheincreaseintheCompany'sprojectinvestmentsduringthecurrentperiod.
Userightassets152,265,486.58113,784,190.7833.82%MainlyduetotheleaseofnewlyaddedfactoriesbytheCompanyduringthecurrentperiod.
Developmentexpenses149,050,901.2274,710,694.7499.50%MainlyduetotheincreaseintheCompany'sR&Dinvestmentduringthecurrentperiod.
Long-termexpensestobeamortized22,127,790.4833,336,772.23-33.62%MainlyduetothescheduledamortizationoftheCompany'sfixedassetmajormaintenanceprojectduringthecurrentperiod.
Short-termloans1,000,361,041.30766,747,286.0130.47%MainlyduetotheincreaseintheCompany'sbankloansduringthecurrentperiod.
Derivativefinancialliabilities29,404,080.50156,359,680.92-81.19%Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges
Contractliabilities397,667,431.78609,737,871.24-34.78%MainlyduetoadecreaseintheCompany'sadvancereceiptsduring
thecurrentperiod.
Non-currentliabilityduewithin1year56,181,073.8129,135,164.6892.83%MainlyduetotheincreaseinproductqualityguaranteedepositsandleaseliabilitiesthatareduewithinoneyearfortheCompanyinthecurrentperiod.
Othercurrentliability14,050,371.9723,824,389.50-41.03%MainlyduetothedecreaseintheCompany'soutputtaxpendingtransferforthecurrentperiod.
Long-termloan43,649,742.25--Mainlyduetotheincreaseinlong-termborrowingscausedbytheCompany'sA-sharerepurchaseandrenovationexpensesinthecurrentperiod.
Long-termpayable219,637.08455,409.20-51.77%MainlyduetotheallocationofspecialpayablesoftheCompanyinthecurrentperiod
Specialreserve35,276,315.4520,968,173.5968.24%MainlyduetotheincreaseintheprovisionforsafetyproductionexpensesbytheCompanyinthecurrentperiod

2.Changesandreasonsofitemsinprofitstatement

InRMB

ItemCurrentperiodAmountatthesameperiodoflastyearChangesratioReasonsofchanges
Financialexpenses-186,471.43-124,166,532.3899.85%MainlyduetotheYOYincreaseintheCompany'sforeignexchangelossesandtheYOYdecreaseininterestincome.
Investmentearnings30,072,540.8321,041,038.6342.92%MainlyduetotheincreaseintheCompany'sstructureddepositincomeinthecurrentperiod.
Gainsonchangesinfairvalue88,670,567.94-11,228,505.02889.69%Mainlyduetothenoncancelableordersandchangeofthefairvalueofforwardforeignexchangecontractchanges
Creditimpairmentloss-25,339,996.75-1,247,366.841,931.48%MainlyduetotheYOYincreaseintheprovisionforbaddebtlossesofaccountsreceivablebytheCompanyinthecurrentperiod
Lossofassetimpairment-82,435,256.97-48,615,603.7969.57%MainlyduetotheYOYincreaseintheCompany'sprovisionforinventorydepreciationlossesinthecurrentperiod.
Assetdisposalincome111,884.601,090,679.41-89.74%MainlyduetotheYOYdecreaseinfixedassetdisposalincomeoftheCompanyinthecurrentperiod
Incometaxexpenses104,245,622.3173,947,693.7740.97%MainlyduetotheincreaseintaxableincomeoftheCompanyinthecurrentperiod,resultinginanincreaseinincometaxexpenses

3.Changesandreasonsofitemsincashflowstatement

InRMB

ItemCurrentperiodAmountatthesameperiodoflastyearChangesratioReasonsofchanges
Othercashreceivedconcerningoperationactivities142,470,936.5359,465,418.00139.59%MainlyduetotheYOYincreaseingovernmentsubsidiesanddepositsreceivedbytheCompanyinthecurrentperiod
Taxrefundreceived433,837,530.22299,978,134.7344.62%MainlyduetotheYOYincreaseintheCompany'svalue-addedtaxpaymentinthecurrentperiod
Othercashpaidconcerningoperatingactivities873,576,151.81618,358,040.5941.27%MainlyduetotheYOYincreaseinvariousoperatingexpensespaidbytheCompanyinthecurrentperiod
Cashreceivedfromrecoveryofinvestment20,906,761,598.307,438,000,000.00181.08%MainlyduetotheYOYincreaseintherecoveryoftheCompany'swealthmanagementproductsinthecurrentperiod
Cashreceivedfromabsorbinginvestment108,802,511.2045,916,313.88136.96%MainlyduetotheYOYincreaseinrevenuefromtheCompany'swealthmanagementproductsinthecurrentperiod
Cashpaidforpurchasingfixed,intangibleandotherlong-termassets1,404,030.10827,741.2269.62%MainlyduetotheYOYincreaseincashreceivedfromthedisposaloffixedassetsbytheCompanyinthecurrentperiod
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets335,245,837.22223,226,696.2050.18%MainlyduetotheYOYincreaseincashpaymentsfortheacquisitionandconstructionofassetsbytheCompanyinthecurrentperiod
Cashpaidforinvestments23,370,000,000.009,870,000,000.00136.78%MainlyduetotheYOYincreaseintheCompany'spurchaseofwealthmanagementproductsinthecurrentperiod
Othercashpaidconcerninginvestingactivities134,132,125.9122,666,893.19491.75%MainlyduetotheYOYincreaseindeliverylossesoftheCompany'sforwardforeignexchangecontractsinthecurrentperiod
Cashreceivedfromborrowing2,779,799,558.071,798,005,348.2454.60%MainlyduetotheYOYincreaseinbankloansobtainedbytheCompanyinthecurrentperiod
Othercashreceivedconcerningfinancingactivities332,226,468.5860,913,309.56445.41%MainlyduetotheYOYincreaseinbilldiscountingoftheCompanyinthecurrentperiod
Othercashpaymentsrelatedtofinancingactivities202,114,377.38106,156,873.9090.39%MainlyduetotheYOYincreaseinthecompany'srestrictedmarginthisperiodandthestockrepurchase.
Influenceoncashandcashequivalentsduetofluctuationinexchangerate5,683,154.7519,235,492.91-70.45%Mainlyduetotheimpactofexchangeratechangesduringthecurrentperiod

II.Applicationoftheraisedcapital

□Applicable√Notapplicable

TheCompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.III.Shareholders(i)Totalnumberofcommonshareholdersandpreferenceshareholderswithvotingrightsrecoveredandtoptenshareholders

InShares

Totalnumberofcommonshareholdersattheendofreportperiod61,160Totalpreferenceshareholderswithvotingrightsrecoveredatendofreportingperiod(ifapplicable)0
Sharesheldbythetop10shareholders(Excludingshareslentthroughrefinancing)
Shareholder’snameNatureofshareholderProportionofsharesheldAmountofsharesheldAmountoflock-upsharesheldInformationofsharespledged,taggedorfrozen
StateofshareAmount
SichuanChanghongElectricCo.,Ltd.State-ownedlegalperson24.12%248,457,7240--
HKSCCOverseasLegalperson3.39%34,872,1130--
CHANGHONG(HK)TRADINGLIMITEOverseasLegalperson2.63%27,077,7970--
HefeiIndustryInvestmentHolding(Group)Co.,Ltd.State-ownedlegalperson1.83%18,864,8960--
CAOSHENGCHUNOverseasnaturalperson1.43%14,766,0860--
CITICSecuritiesCo.,Ltd.-TheNationalSocialSecurityFund1106portfolioDomesticnon-state-ownedlegalperson1.16%11,971,7000--
ChinaMerchantsBankCo.,Ltd-TaikangqualitylifehybridsecuritiesinvestmentfundDomesticnon-state-ownedlegalperson0.88%9,100,0000--
WangJiaqlingDomesticnaturalperson0.87%9,000,0190--
ICBC-TaikangstrategypreferredflexibleallocationofhybridsecuritiesinvestmentfundDomesticnon-state-ownedlegalperson0.87%9,000,0000--
TheNationalSocialSecurityFund101portfolioDomesticnon-state-ownedlegalperson0.87%8,993,9020--
Toptenshareholderswithunrestrictedsharesheld(excludingshareslentthroughconversionsandlocked-upsharesforseniormanagers)
Shareholder’snameAmountofunrestrictedsharesheldTypeofshares
TypeAmount
SichuanChanghongElectricCo.,Ltd.248,457,724RMBordinaryshares248,457,724
HKSCC34,872,113RMBordinaryshares34,872,113
CHANGHONG(HK)TRADINGLIMITE27,077,797Domesticallylistedforeignshares27,077,797
HefeiIndustryInvestmentHolding(Group)Co.,Ltd.18,864,896RMBordinaryshares18,864,896
CAOSHENGCHUN14,766,086Domesticallylistedforeignshares14,766,086
CITICSecuritiesCo.,Ltd.-TheNationalSocialSecurityFund1106portfolio11,971,700RMBordinaryshares11,971,700
ChinaMerchantsBankCo.,Ltd-Taikangqualitylifehybridsecuritiesinvestmentfund9,100,000RMBordinaryshares9,100,000
WangJiaqling9,000,019RMBordinaryshares9,000,019
ICBC-Taikangstrategypreferredflexibleallocationofhybridsecuritiesinvestmentfund9,000,000RMBordinaryshares9,000,000
TheNationalSocialSecurityFund101portfolio8,993,902RMBordinaryshares8,993,902
ExplanationonassociatedrelationshipamongtheaforesaidshareholdersAmongtheaboveshareholders,CHANGHONG(HK)TRADINGLIMITED(hereinafterreferredtoasHongKongChanghong)isthewholly-ownedsubsidiaryofSichuanChanghongElectricCo.,Ltd.;exceptthesharesoftheCompanydirectlyheldoftheBsharesoftheCompany,6,296,913sharesofB-stockarealsoheldthroughPhillipSecurities(HongKong)Co.,Ltd.,theforegoingshareholdersconstitutepersonsofuniformaction.ThereexistednoassociatedrelationshiporbelongtotheconcertedactorsasspecifiedintheMeasuresfortheAdministrationofInformationDisclosureofShareholderEquityChangesofListedCompaniesamongSichuanChanghongElectricCo.,Ltd,HongKongChanghongandothertop8shareholders,Thecompanyneitherknowswhetherthereisanyassociationamongothershareholders,norknowswhetherothershareholdersbelongtothepersonsactinginconcertthatisstipulatedinthe“AdministrativeMeasuresonInformationDisclosureofChangesinShareholdingofListedCompanies
Explanationontoptenshareholdersinvolvingmarginbusiness(ifapplicable)Notapplicable

Informationofshareholdersholdingmorethan5%oftheshares,thetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharesparticipatinginthelendingofsharesinsecuritieslendingandborrowingbusiness

□Applicable√NotapplicableThetop10shareholdersandthetop10shareholdersofunrestrictedtradableshareshavechangedcomparedwiththepreviousperiodduetothesecuritieslending/returning,

□Applicable√Notapplicable(ii)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod

□Applicable√NotapplicableIV.Otherimportantmatters

√Applicable□Notapplicable

OverviewDatefordisclosureInformationindexfortemporaryreportdisclosure
WiththeapprovalbytheresolutionsoftheCompany'sboardofdirectorsandthesupervisoryboard,it’sagreedtorevisecertainprovisionsofthe"ChanghongMeilingCo.,Ltd.’sRiskManagementPlanforDepositandLoanFinancialBusinesswithSichuanChanghongGroupFinanceCo.,Ltd."January2,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-001,2025-002and2025-003)
ThegeneralpartnersofSichuanHongyunInformationTechnologyVentureCapitalFundPartnership(LimitedPartnership),inwhichtheCompanyinvestsasalimitedpartner,unanimouslyagreedtoterminatetheoperationofthepartnership,dissolvethepartnership,andestablishaliquidationteamtohandletheterminationandliquidationofthepartnership.OnJanuary24,2025,theCompanyreceivedatotalofRMB18,152,000,includingthepaid-incapitalandtheincomefromcashmanagementofthisamount.AsofJune10,2025,theCompanyhasreceivedtheremainingpropertydistributionofRMB38,829.19,aswellasthe'RegistrationNotice'issuedbytheSichuanTianfuNewAreaSmartCityOperationsBureau,markingthecompletionoftheliquidationandderegistrationofHongyunFundPhaseII.January24,2025,June12,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-004and2025-044)
AccordingtotheresolutionpassedbytheCompany'sboardofdirectorsonthe"ProposalonInvestingintheEstablishmentofaSubsidiaryandParticipatingintheBiddingofLandUseRights,"it’sagreedthattheCompanyanditssubsidiary,MianyangMeilingRefrigerationCo.,Ltd.(hereinafterreferredtoas"MianyangMeiling"),shalljointlyinvest500millionyuanbytheirownfundstoestablishasubsidiary,MianyangChanghongSmartHomeApplianceCo.,Ltd.(hereinafterreferredtoas"SmartHomeApplianceCompany"),toengageintheinvestmentandconstructionofthewashingmachinecapacityexpansionproject,andalsoparticipateinthebiddingforindustriallandtobeusedforthewashingmachineprojectconstruction.OnApril18,2025,SmartHomeApplianceCompanywonthestate-ownedconstructionlanduserightslocatedinFuxinCommunity,SongyaTown,EconomicDevelopmentZone,andsignedthe"ConfirmationofTransferofState-ownedConstructionLandUseRights,"withatotaltransactionamountof59,008,598yuan.OnApril25,2025,theBoardofDirectorsreviewedandapprovedthe"ProposalontheInvestmentandConstructionofaSubsidiary'sProjectwithanAnnualProductionCapacityof1MillionWashingMachinesperShift,"agreeingthatSmartHomeApplianceCompanyshallinvestapproximately520millionyuantobuildaprojectwithanannualproductioncapacityof1millionwashingmachinespershiftintheMianyangEconomicandTechnologicalDevelopmentZone(includingtheaforementionedpurchasedland,factorybuildings,andequipmentinvestment),achievingthecapabilitytoproduceanadditional1millionwashingmachinespershift.March18,2025,April18,2025,April26,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-005,2025-006,2025-021,2025-028and2025-029)
WiththeapprovalbytheresolutionsoftheCompany'sBoardofDirectors,BoardofSupervisors,andGeneralMeetingofShareholders,theCompany's2024profitdistributionplanwasapproved.BasedontheCompany'stotalsharecapitalof1,029,923,715sharesasofDecember31,2024,acashdividendof3.3yuan(includingtax)per10shareswillbedistributedtoallshareholders,withnobonussharesandnocapitalreserveconvertedintoshares.OnJune5,2025,theCompanydisclosedthe"AnnouncementontheImplementationofthe2024ProfitDistributionPlan"andimplementedtheaforementionedprofitdistributionplan.April3,2025,April26,2025,June5,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-008,2025-010,2025-030and2025-042)
FollowingresolutionspassedbytheCompany'sboardofdirectorsandthegeneralmeetingofshareholders,it’sagreedtocontinueappointPan-ChinaCertifiedPublicAccountants(LLP)astheauditorfortheCompany's2025financialreportandinternalcontrol,withatermofoneyear.April3,2025,April26,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-011and2025-030)
FollowingresolutionspassedbytheCompany'sboardofdirectorsandshareholders'generalmeeting,theCompanyanditssubsidiariesareauthorizedtoconductforwardforeignexchangetransactionsfromJuly1,2025toJune30,2026,withatransactionApril3,2025,April26,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-015and2025-
balancenotexceedingUSD2.009billion(mainlyincludingUSD,AUD,andEUR,withotherforeigncurrenciesconvertedtoUSD).030)
FollowingresolutionspassedbytheCompany'sboardofdirectorsandboardofsupervisors,theCompanyagreestochangeitsaccountingpolicyinaccordancewiththerelevantprovisionsoftheMinistryofFinance's"InterpretationNo.17oftheEnterpriseAccountingStandards"and"InterpretationNo.18oftheEnterpriseAccountingStandards."April3,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-008and2025-013)
FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandthe2024annualgeneralmeetingofshareholders,it’sagreedthattheCompanyanditssubsidiarieswillapplytotheHefeiBranchofIndustrialBankCo.,Ltd.foraspecialbillpoolcreditlineofuptoRMB400million,andtotheHefeiBranchofPingAnBankCo.,Ltd.foraspecialbillpoolcreditlineofuptoRMB500million.April3,2025,April26,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-007,2025-017and2025-030)
UpontheproposaloftheChairman,theBoardofDirectorsreviewedandapprovedthe"ProposalonIncreasingtheFundingSourcefortheRepurchaseoftheCompany'sAShares."ThespecificplanforrepurchasingAsharesisasfollows:theCompanywilluseitsownfundsandself-raisedfunds(includingspecialloansforsharerepurchasefromfinancialinstitutions,etc.)totalingnolessthan150millionyuan(inclusive)andnomorethan300millionyuan(inclusive)torepurchaseaportionoftheCompany'sAsharesthroughcentralizedbiddingfortheimplementationofequityincentives.Therepurchasepriceforthisbuybackshallnotexceed10.67yuanpershare.Therepurchaseperiodiswithin12monthsfromthedatetheBoardofDirectorsapprovestherepurchaseplan.TheCompanyfirstrepurchaseditsAsharesthroughadedicatedsecuritiesaccountforstockrepurchasesviacentralizedbiddingtransactionsonJuly15,2025.AsofSeptember30,theCompanyhadrepurchasedatotalof4,865,101Ashares,accountingfor0.4724%oftheCompany'stotalsharecapital.ThehighesttransactionpriceforthisrepurchaseofAshareswasRMB7.45pershare,thelowestwasRMB7.02pershare,andthetotaltransactionamountwasRMB35,107,505.1(excludingtransactionfees).April10,2025,May9,2025,June5,2025,July2,2025,July4,2025,July16,2025,August5,2025,September2,2025,October11,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-019,2025-031,2025-032,2025-041,2025-043,2025-049,2025-50,2025-051,2025-052,2025-053,2025-061and2025-069)
AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardofDirectors,andapprovedbytheresolutionoftheCompany'sBoardofDirectors,it’sagreedtoappointMr.WangXiaochengastheCompany'sVicePresident,withatermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoardofDirectors'term.May9,2025,JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-031and2025-033)
FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthatSichuanChanghongAirConditioningCo.,Ltd.willuseitsself-raisedfundsof28.355millionyuantocarryoutaspecialrenovationprojecttoimprovetheutilizationrateoftheparksite,ensuringitsfuturebusinessdevelopment.May9,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-031)
Tothankthebroadshareholderbasefortheirlong-termsupportandtoestablishadiversifiedshareholderreturnmechanism,theCompanyhasdisclosedthe'VoluntaryInformationDisclosureAnnouncementonShareholderAppreciationandRewardActivities.'May21,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-035)
PursuanttotheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedthatZhongshanChanghongElectricCo.,Ltd.(hereinafterreferredtoas"ZhongshanChanghong")planstoinvestapproximately296.42millionyuanbyself-raisedfundstoconstructasingle-shiftairconditionerproductionprojectwithanannualoutputof4millionunits,therebyachievinganadditionalannualsingle-shiftproductioncapacityof4millionairconditioners.Theprojectinvestmentincludesproductionlines,equipment,workingcapital,andotherrelateditems.TheprojectwillbeimplementedatasiteleasedfromGuangdongChanghongElectronicsCo.,Ltd.(hereinafterreferredtoas"GuangdongChanghong"),aholdingsubsidiaryofSichuanChanghong,whereanewfactoryisplannedtobebuilt.TheprojectimplementationwillcommenceafterthecompletionofthenewfactorybyGuangdongChanghong,andisexpectedtostartinMay24,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-038and2025-039)
2027.
FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardofsupervisors,ZhongshanChanghongintendstosignan"IndustrialPropertyLeaseIntentAgreement"withGuangdongChanghong,aholdingsubsidiaryofSichuanChanghong.GuangdongChanghongwillconstructanewfactory,andZhongshanChanghongwillleaseitforthepurposeofimplementingZhongshanChanghong'ssingle-shiftproductionprojectof4millionsetsofairconditionersperyear.Theintendedleasetermis5years(fromJanuary1,2027,toDecember31,2031).Uponexpirationofthelease,bothpartieswillcontinuetonegotiatesubsequentleasingmatters.May24,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-037and2025-039)
FollowingtheresolutionpassedbytheCompany'sboardofdirectorsandboardofsupervisors,it’sagreedthattheCompanymayincreasetheestimatedamountofroutinerelated-partytransactionsforthesaleofgoodsandotherbusinesstoSichuanChanghongin2025bynomorethan12.5millionyuan(excludingtax).May24,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-036,2025-037and2025-040)
InviewofMr.PangHaitao'sresignationfromthepositionofChiefFinancialOfficerduetojobchanges,afterreviewandapprovalbytheCompany'sNominationCommitteeandAuditCommitteeoftheBoardofDirectors,theBoardofDirectorshaspassedaresolutiontoapprovetheappointmentofMr.YangBingastheCompany'sChiefFinancialOfficer,withatermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoard'sterm.June19,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-045and2025-047)
UpontheapprovalresolutionbytheCompany'sboardofdirectors,it’sagreedthatthesubsidiaryHefeiChanghongIndustrialCo.,Ltd.willinvestintheconstructionoftheHefeiChanghongSmartHomeApplianceIndustrialParkproject.Thetotalinvestmentoftheprojectis877.05millionyuan,fundedbyself-raisedfunds.ThisprojectstillneedstobesubmittedtotheCompany'sshareholders'generalmeetingforreview.June19,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-045and2025-046)
FollowingtheresolutionspassedbytheCompany'sboardofdirectorsandshareholders'generalmeeting,it’sagreedtoamendcertainprovisionsofthe'ArticlesofAssociationoftheCompany,''RulesofProcedureforShareholders'GeneralMeeting',and'RulesofProcedureforBoardMeeting.'August21,2025,September30,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-054,2025-057and2025-068)
FollowingtheresolutionspassedbytheCompany'sboardofdirectors,boardofsupervisors,andgeneralmeetingofshareholders,it’sagreedthattheCompanyanditssubsidiarycompanies(excludingZhongkeMeilingCryogenicsCo.,Ltd.anditssubsidiaries)mayincreasetheuseofupto1.2billionRMBoftheiridlefundstoinvestinbankwealthmanagementproductsthataresafe,highlyliquid,low-risk,andstable,withaproducttermwithinoneyear.August21,2025,September30,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-054,2025-055.2025-059and2025-068)
AfterbeingreviewedandapprovedbytheNominationCommitteeundertheBoardofDirectorsandpassedbytheBoardofDirectors'resolution,it’sagreedtoappointMr.TangYoudaoasthePresidentoftheCompany,withthetermofofficefromthedateofapprovalbytheBoardofDirectorsuntiltheexpirationofthecurrentBoard'sterm.September13,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-063)
AccordingtotheresolutionpassedbytheCompany'sBoardofDirectors,it’sagreedthattheCompany'ssubsidiary,SichuanChanghongAirConditioningCo.,Ltd.,willincreasethecapitaltoitscontrolledsubsidiary,HongyuanGeothermalPumpTechnologyCo.,Ltd.(hereinafterreferredtoas"HongyuanGeothermalPump"),by95millionyuanbyusingitsownfunds,andthenHongyuanGeothermalPumpwillfurtherincreasethecapitaltoitswholly-ownedsubsidiary,GroundEnergyHeatPumpTech.(Zhongshan)Co.,LtdSeptember13,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-064)
FollowingtheresolutionpassedbytheCompany'sboardofdirectors,it’sagreedtoappointMs.XiaoLiastheCompany'ssecuritiesaffairsrepresentative,withatermfromthedateofapprovalbytheboardofdirectorsuntiltheexpirationofthecurrentboard'sterm.September12,2025JuchaoWebsite:http://www.cninfo.com.cn(No.:2025-062and2025-065)

V.Quarterlyfinancialstatements(i)Financialstatement

1.ConsolidateBalanceSheetPreparedbyChanghongMeilingCo.,Ltd.

September30,2025

InRMB

ItemEndingbalanceOpeningbalance
Currentassets:
Monetaryfund9,186,050,460.1810,492,450,750.61
Settlementprovisions
Capitallent
Tradingfinancialassets1,775,015,353.44
Derivativefinancialassets26,709,688.5172,010,074.43
Notereceivable
Accountreceivable2,544,979,733.661,527,978,374.48
Receivablefinancing1,079,384,242.821,516,987,953.83
Accountpaidinadvance63,399,338.0660,352,345.27
Insurancereceivable
Reinsurancereceivables
Contractreserveofreinsurancereceivable
Otheraccountreceivable60,354,615.63135,391,270.79
Including:Interestreceivable
Dividendreceivable12,124,951.70
Buyingbackthesaleoffinancialassets
Inventory1,923,754,513.923,514,968,009.34
Including:Dataresources
Contractassets710,919.002,763,866.97
Assetsheldforsale
Non-currentassetduewithinoneyear654,660,628.7860,242,921.84
Othercurrentassets546,077,262.41562,030,362.98
Totalcurrentassets17,861,096,756.4117,945,175,930.54
Non-currentassets:
Loansandpaymentsonbehalf
Creditor'srightsinvestment1,519,557,537.271,474,153,793.17
OtherCreditor'srightsinvestment
Long-termaccountreceivable
Long-termequityinvestment89,374,855.7981,511,146.82
Investmentinotherequityinstrument
Othernon-currentfinancialassets658,550,306.14676,094,304.44
Investmentrealestate64,165,257.9266,720,850.69
Fixedassets2,222,743,131.852,218,850,660.12
Constructioninprogress133,827,437.2197,807,983.40
Productivebiologicalasset
Oilandgasasset
Right-of-useassets152,265,486.58113,784,190.78
Intangibleassets1,028,394,031.66994,429,966.05
Including:Dataresources
Expenseonresearchanddevelopment149,050,901.2274,710,694.74
Including:Dataresources
Goodwill
Long-termexpensestobeapportioned22,127,790.4833,336,772.23
Deferredincometaxasset137,985,995.73176,953,941.27
Othernon-currentassets19,763,662.4019,073,662.23
Totalnon-currentasset6,197,806,394.256,027,427,965.94
Totalassets24,058,903,150.6623,972,603,896.48
Currentliabilities:
Short-termloans1,000,361,041.30766,747,286.01
Loanfromcentralbank
Capitalborrowed
Tradingfinancialliability
Derivativefinancialliability29,404,080.50156,359,680.92
Notepayable8,876,637,059.707,934,125,435.65
Accountpayable5,085,801,209.256,132,020,588.41
Accountsreceivedinadvance2,016,583.8411,085.70
Contractliabilities397,667,431.78609,737,871.24
Sellingfinancialassetofrepurchase
Absorbingdepositandinterbankdeposit
Securitytradingofagency
Securitysalesofagency
Wagepayable354,994,277.30389,952,777.46
Taxespayable120,120,028.4595,871,539.98
Otheraccountpayable1,101,900,704.171,031,439,412.53
Including:Interestpayable
Dividendpayable7,492,505.086,005,989.72
Commissionchargeandcommissionpayable
Reinsurancepayable
Liabilityheldforsale
Non-currentliabilitiesduewithinoneyear56,181,073.8129,135,164.68
Othercurrentliabilities14,050,371.9723,824,389.50
Totalcurrentliabilities17,039,133,862.0717,169,225,232.08
Non-currentliabilities:
Insurancecontractreserve
Long-termloans43,649,742.25
Bondspayable
Including:Preferredstock
Perpetualcapitalsecurities
Leaseliability131,839,795.69101,826,405.91
Long-termaccountpayable219,637.08455,409.20
Long-termwagespayable9,207,785.0710,195,289.45
Accrualliability37,747,488.0345,030,417.22
Deferredincome137,765,827.02125,435,177.90
Deferredincometaxliabilities45,279,451.8444,072,593.30
Othernon-currentliabilities
Totalnon-currentliabilities405,709,726.98327,015,292.98
Totalliabilities17,444,843,589.0517,496,240,525.06
Owner’sequity:
Sharecapital1,029,923,715.001,029,923,715.00
Otherequityinstrument
Including:Preferredstock
Perpetualcapitalsecurities
Capitalpublicreserve2,750,470,215.392,750,470,215.39
Less:Treasuryshares35,107,505.10
Othercomprehensiveincome-23,039,813.14-21,222,419.68
Specialreserve35,276,315.4520,968,173.59
Surpluspublicreserve502,454,071.02502,454,071.02
Provisionofgeneralrisk
Retainedprofit1,951,738,770.031,803,207,185.06
Totalowner’sequityattributabletoparentcompany6,211,715,768.656,085,800,940.38
Minorityinterests402,343,792.96390,562,431.04
Totalowner’sequity6,614,059,561.616,476,363,371.42
Totalliabilitiesandowner’sequity24,058,903,150.6623,972,603,896.48

LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei

2.ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod

InRMB

ItemCurrentperiodLastperiod
I.Totaloperatingincome25,392,929,837.6322,775,149,971.76
Including:Operatingincome25,392,929,837.6322,775,149,971.76
Interestincome
Insurancegained
Commissionchargeandcommissionincome
II.Totaloperatingcost24,919,740,815.0022,239,485,808.43
Including:Operatingcost22,814,651,602.2020,419,014,001.14
Interestexpense
Commissionchargeandcommissionexpense
Cashsurrendervalue
Netamountofexpenseofcompensation
Netamountofwithdrawalofinsurancecontractreserve
Bonusexpenseofguaranteeslip
Reinsuranceexpense
Taxandextras88,461,144.9580,618,983.44
Salesexpense1,204,355,483.171,141,620,519.32
Administrativeexpense289,887,198.88274,049,028.44
R&Dexpense522,571,857.23448,349,808.47
Financialexpenses-186,471.43-124,166,532.38
Including:Interestexpenses24,906,755.4820,597,273.50
Interestincome101,392,384.88141,501,014.85
Add:otherincome125,123,336.51121,416,412.81
Investmentincome(Lossislistedwith“-”)30,072,540.8321,041,038.63
Including:Investmentincomeonaffiliatedcompanyandjointventure8,538,499.927,635,137.26
Theterminationofincomerecognitionforfinancialassetsmeasuredbyamortizedcost-20,419,902.10-30,503,769.06
Exchangeincome(Lossislistedwith“-”)
Netexposurehedgingincome(Lossislistedwith“-”)
Incomefromchangeoffairvalue(Lossislistedwith“-”)88,670,567.94-11,228,505.02
Lossofcreditimpairment(Lossislistedwith“-”)-25,339,996.75-1,247,366.84
Lossesofdevaluationofasset(Lossislistedwith“-”)-82,435,256.97-48,615,603.79
Incomefromassetsdisposal(Lossislistedwith“-”)111,884.601,090,679.41
III.Operatingprofit(Lossislistedwith“-”)609,392,098.79618,120,818.53
Add:Non-operatingincome5,649,236.727,691,040.94
Less:Non-operatingexpense7,384,314.266,982,910.14
IV.Totalprofit(Lossislistedwith“-”)607,657,021.25618,828,949.33
Less:Incometaxexpense104,245,622.3173,947,693.77
V.Netprofit(Netlossislistedwith“-”)503,411,398.94544,881,255.56
(i)Classifybybusinesscontinuity
1.Netprofitfromcontinuingoperations(netlosslistedwith“-”)503,411,398.94544,881,255.56
2.Netprofitfromterminationofoperations(netlosslistedwith“-”)
(ii)Classifybyownership
1.Netprofitattributabletoowner’sofparentcompany488,406,410.91532,042,735.95
2.Minorityshareholders’gainsandlosses15,004,988.0312,838,519.61
VI.Netafter-taxofothercomprehensiveincome-1,904,880.62149,851.21
Netafter-taxofothercomprehensiveincomeattributabletoownersofparentcompany-1,817,393.46155,402.93
(i)Othercomprehensiveincomeitemswhichwillnotbereclassified
subsequentlytoprofitofloss
1.Changesofthedefinedbenefitplansthatre-measured
2.Othercomprehensiveincomeunderequitymethodthatcannotbetransfertogain/loss
3.Changeoffairvalueofinvestmentinotherequityinstrument
4.Fairvaluechangeofenterprise'screditrisk
5.Other
(ii)Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss-1,817,393.46155,402.93
1.Othercomprehensiveincomeunderequitymethodthatcantransfertogain/loss
2.Changeoffairvalueofotherdebtinvestment
3.Amountoffinancialassetsre-classifytoothercomprehensiveincome
4.Creditimpairmentprovisionforotherdebtinvestment
5.Cashflowhedgingreserve
6.Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatements-1,817,393.46155,402.93
7.Other
Netafter-taxofothercomprehensiveincomeattributabletominorityshareholders-87,487.16-5,551.72
VII.Totalcomprehensiveincome501,506,518.32545,031,106.77
TotalcomprehensiveincomeattributabletoownersofparentCompany486,589,017.45532,198,138.88
Totalcomprehensiveincomeattributabletominorityshareholders14,917,500.8712,832,967.89
VIII.Earningspershare:
(i)Basicearningspershare0.47430.5166
(ii)Dilutedearningspershare0.47430.5166

EnterprisecombineunderthesamecontrolinthePeriod,thecombinedpartyrealizednetprofitof0.00Yuanbeforecombination,andrealized0.00Yuanatlastperiodforcombinedparty.LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei

3.ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod

InRMB

ItemCurrentperiodLastperiod
I.Cashflowsarisingfromoperatingactivities:
Cashreceivedfromsellingcommoditiesandprovidinglaborservices27,244,478,389.6023,142,632,315.40
Netincreaseofcustomerdepositandinterbankdeposit
Netincreaseofloanfromcentralbank
Netincreaseofcapitalborrowedfromotherfinancialinstitution
Cashreceivedfromoriginalinsurancecontractfee
Netcashreceivedfromreinsurancebusiness
Netincreaseofinsuredsavingsandinvestment
Cashreceivedfrominterest,commissionchargeandcommission
Netincreaseofcapitalborrowed
Netincreaseofreturnedbusinesscapital
Netcashreceivedbyagentsinsaleandpurchaseofsecurities
Write-backoftaxreceived1,122,837,199.52878,299,622.69
Othercashreceivedconcerningoperatingactivities142,470,936.5359,465,418.00
Subtotalofcashinflowarisingfromoperatingactivities28,509,786,525.6524,080,397,356.09
Cashpaidforpurchasingcommoditiesandreceivinglaborservice24,162,491,841.2618,861,866,738.29
Netincreaseofcustomerloansandadvances
Netincreaseofdepositsincentralbankandinterbank
Cashpaidfororiginalinsurancecontractcompensation
Netincreaseofcapitallent
Cashpaidforinterest,commissionchargeandcommission
Cashpaidforbonusofguaranteeslip
Cashpaidto/forstaffandworkers1,694,985,888.041,546,206,012.81
Taxespaid433,837,530.22299,978,134.73
Othercashpaidconcerningoperatingactivities873,576,151.81618,358,040.59
Subtotalofcashoutflowarisingfromoperatingactivities27,164,891,411.3321,326,408,926.42
Netcashflowsarisingfromoperatingactivities1,344,895,114.322,753,988,429.67
II.Cashflowsarisingfrominvestingactivities:
Cashreceivedfromrecoveringinvestment20,906,761,598.307,438,000,000.00
Cashreceivedfrominvestmentincome108,802,511.2045,916,313.88
Netcashreceivedfromdisposaloffixed,intangibleandotherlong-termassets1,404,030.10827,741.22
Netcashreceivedfromdisposalofsubsidiariesandotherunits
Othercashreceivedconcerninginvestingactivities123,604,562.13145,464,949.37
Subtotalofcashinflowfrominvestingactivities21,140,572,701.737,630,209,004.47
Cashpaidforpurchasingfixed,intangibleandotherlong-termassets335,245,837.22223,226,696.20
Cashpaidforinvestment23,370,000,000.009,870,000,000.00
Netincreaseofmortgagedloans
Netcashreceivedfromsubsidiariesandotherunitsobtained
Othercashpaidconcerninginvestingactivities134,132,125.9122,666,893.19
Subtotalofcashoutflowfrominvestingactivities23,839,377,963.1310,115,893,589.39
Netcashflowsarisingfrominvestingactivities-2,698,805,261.40-2,485,684,584.92
III.Cashflowsarisingfromfinancingactivities
Cashreceivedfromabsorbinginvestment
Including:Cashreceivedfromabsorbingminorityshareholders’investmentbysubsidiaries
Cashreceivedfromloans2,779,799,558.071,798,005,348.24
Othercashreceivedconcerningfinancingactivities332,226,468.5860,913,309.56
Subtotalofcashinflowfromfinancingactivities3,112,026,026.651,858,918,657.80
Cashpaidforsettlingdebts2,503,042,196.131,941,925,085.56
Cashpaidfordividendandprofitdistributingorinterestpaying362,242,151.38331,222,527.04
Including:Dividendandprofitofminorityshareholderpaidbysubsidiaries4,066,474.725,083,093.40
Othercashpaidconcerningfinancingactivities202,114,377.38106,156,873.90
Subtotalofcashoutflowfromfinancingactivities3,067,398,724.892,379,304,486.50
Netcashflowsarisingfromfinancingactivities44,627,301.76-520,385,828.70
IV.Influenceoncashandcashequivalentsduetofluctuationinexchangerate5,683,154.7519,235,492.91
V.Netincreaseofcashandcashequivalents-1,303,599,690.57-232,846,491.04
Add:Balanceofcashandcashequivalentsattheperiod-begin9,976,098,734.118,391,177,936.62
VI.Balanceofcashandcashequivalentsattheperiod-end8,672,499,043.548,158,331,445.58

LegalRepresentative:WuDinggangPersoninchargeofaccountingworks:YangBingPersoninchargeofaccountinginstitute:HuXiangfei(ii)Theinformationoftheadjustingitemsrelatedtothefinancialstatementsatthebeginningoftheyearoffirstimplementationduetothefirstimplementationofnewaccountingstandardsfrom

2025Adjustmentdescription

□Applicable√Notapplicable(iii)Auditors'ReportWhethertheThirdQuarterlyfinancialreporthasbeenauditedornot

□Yes√NoTheThirdQuarterlyfinancialreportoftheCompanyhasnotbeenaudited.

TheBoardofDirectorsofChanghongMeilingCo.,Ltd.

October23,2025


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