[三季报]新 和 成(002001):2025年第三季度报告（英文版）
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时间：2025年10月28日 23:56:18 中财网 |
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原标题: 新 和 成:2025年第三季度报告（英文版）
ZhejiangNHUCompanyLtd.
Q32025Report
TheCompanyandwholemembersoftheBOD guaranteethattheinformationdisclosedis
authentic,accurate,completeandfreefromanyfalserecords,misleadingstatementsorsignificant
omissions.ImportantContentReminder:
1.TheBoardofDirectors,BoardofSupervisors,directors,supervisorsandseniorexecutivesofZhejiangNHUCompanyLtd.(hereinafterreferredtoasthe“Company”)herebyguaranteethattheinformationpresentedinthisreportisauthentic,accurate,completeandfreeofanyfalserecords, misleading statements or material omissions, and they will bear joint and severalliabilitiesforsuchinformation.
2.TheCompany’slegalrepresentative,thepersoninchargeoffinanceandaccountingwork,andthepersoninchargeofaccountinginstitution(AccountingOfficer)herebydeclareandwarrantthatthefinancialstatementsinthisreportareauthentic,accurateandcomplete.3.WhethertheThirdQuarterlyReporthasbeenauditedornot
□Yes√No
Note:
ThisReporthasbeenpreparedinbothChineseandEnglishversion,andtheEnglishversionisforreferenceonly.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.ThecompletepublishedChineseThirdQuarterlyReportmaybeobtainedatwww.cninfo.com.cn.
SectionⅠKeyAccountingData
ⅠKeyAccountingDataandFinancialIndicators
WhethertheCompanyneedsperformedretroactiveadjustmentorrestatementofaccountingdatainprioryearsornot□Yes√No
| Items | Q32025 | YoYChange(%) | Q1-Q32025 | YoYChange(%) | | Operatingrevenue(yuan) | 5,541,468,928.14 | -6.66% | 16,642,101,764.92 | 5.45% | | Netprofitattributableto
shareholdersoflisted
company(yuan) | 1,717,397,711.55 | -3.80% | 5,320,721,690.71 | 33.37% | | Netprofitattributableto
shareholdersoflisted
companyafterdeductingnon-
recurringprofitorloss(yuan) | 1,654,407,973.04 | -4.08% | 5,332,970,513.60 | 37.37% | | Netcashflowsfromoperating
activities(yuan) | — | — | 5,642,188,919.25 | 23.28% | | BasicEPS(yuan/share) | 0.56 | -3.45% | 1.73 | 34.11% | | DilutedEPS(yuan/share) | 0.56 | -3.45% | 1.73 | 34.11% | | WeightedaverageROE | 5.45% | Decrease1.19
percentagepoints | 17.32% | Increase2.10
percentagepoints | | Items | September30,2025 | December31,2024 | Change(%) | | | Totalassets(yuan) | 45,093,962,982.74 | 42,989,132,470.97 | 4.90% | | | Netassetsattributableto
shareholdersoflisted
company(yuan) | 32,202,980,917.62 | 29,324,997,728.95 | 9.81% | |
IINon-recurringgainsandlossesforthisperiod
√Applicable□Notapplicable
Unit:RMB
| Item | Q32025 | Q1-Q32025 | | Gainsorlossesondisposalofnon-currentassets,includingwrite-offof
provisionforimpairment | -2,005,386.27 | -3,587,525.96 | | Governmentgrantsincludedinprofitorloss(excludingthosecloselyrelatedto
operatingactivitiesoftheCompany,satisfyinggovernmentpoliciesand
regulations,andcontinuouslyenjoyedwithcertainquantityorquotabasedon
certainstandards) | 26,974,759.03 | 80,275,899.54 | | Gainsorlossesonchangesinfairvalueofheld-for-tradingfinancialassetsand
held-for-tradingfinancialliabilities,andinvestmentincomefromdisposalof
held-for-tradingfinancialassetsandheld-for-tradingfinancialliabilities,
excludingthosearisingfromhedgingbusinessrelatedtooperatingactivities | 29,307,362.58 | -97,424,973.49 | | Gainsorlossesonassetsconsignedtothethirdpartyforinvestmentor
management | 11,473,733.69 | 19,658,731.97 | | Othernon-operatingrevenueorexpenditures | 1,005,129.31 | -774,974.03 | | Less:Enterpriseincometaxaffected | 3,456,271.87 | 10,154,901.87 | | Non-controllinginterestaffected(aftertax) | 309,587.96 | 241,079.05 | | Total | 62,989,738.51 | -12,248,822.89 |
Remarksonotherprofitorlosssatisfyingthedefinitionofnon-recurringprofitorloss:□Applicable√NotApplicable
TheCompanyhasnootherprofitorlosssatisfyingthedefinitionofnon-recurringprofitorloss.Remarksondefiningnon-recurringprofitorlosslistedinthe“InterpretationPronouncementonInformationDisclosureCriteriafor
PublicCompaniesNo.1–Non-RecurringProfitorLoss”asrecurringprofitorloss.□Applicable√NotApplicable
TheCompanyhasnosituationofdefiningnon-recurringprofitorlosslistedinthe“InterpretationPronouncementonInformation
DisclosureCriteriaforPublicCompaniesNo.1–Non-RecurringProfitorLoss”asrecurringprofitorlossIIIMajorChangesofMainItemsinFinancialStatementsandFinancialIndicatorswithintheReportingPeriod,aswellastheReasonsfortheChanges
√Applicable□Notapplicable
1.BalanceSheetPosition
(1)Theclosingbalanceof Held-for-tradingfinancialassetsincreasedby264,509.38%comparedtotheopeningbalanceinthis
year.Itwasmainlyduetotheincreaseinthepurchaseofbankfinancialproductsduringthereportingperiod.(2)TheclosingbalanceofOtherreceivablesincreasedby44.56%comparedtotheopeningbalanceinthisyear.Itwasmainlydue
totheincreaseincompensationreceivableforlandduringthereportingperiod.(3)TheclosingbalanceofOthercurrentassetsincreasedby37.50%comparedtotheopeningbalanceinthisyear.Itwasmainly
duetotheincreaseinvalue-addedtaxtobedeductedduringthereportingperiod.(4)TheclosingbalanceofLong-termprepaymentsdecreasedby30.89%comparedtotheopeningbalanceinthisyear.Itwas
mainlyduetotheincreaseinamortizationexpensesduringthereportingperiod.(5)TheclosingbalanceofDeferredtaxassetsincreasedby121.90%comparedtotheopeningbalanceinthisyear.Itwasmainly
duetotheincreaseintheassetimpairmentprovisionduringthereportingperiod.(6)TheclosingbalanceofOthernon-currentassetsincreasedby468.92%comparedtotheopeningbalanceinthisyear.Itwas
mainlyduetotheincreaseinprepaymentsforequipmentforprojectconstructionduringthereportingperiod.(7)TheclosingbalanceofHeld-for-tradingfinancialliabilitiesdecreasedby42.91%comparedtotheopeningbalanceinthisyear.
Itwasmainlyduetotheexchangeratefluctuationsinforwardexchangecontractsduringthereportingperiod.(8)TheclosingbalanceofNon-currentliabilitiesduewithinoneyear?increasedby66.41%comparedtotheopeningbalancein
thisyear.Itwasmainlyduetothereclassificationoflong-termborrowingsduewithinoneyearduringthereportingperiod.
(9)TheclosingbalanceofLong-termborrowingsdecreasedby32.89%comparedtotheopeningbalanceinthisyear.Itwas
mainlyduetothetransferoftheportionduewithinoneyeartocurrentliabilitiesduringthereportingperiod.(10)TheclosingbalanceofSpecialreserveincreasedby47.82%comparedtotheopeningbalanceinthisyear.Itwasmainlydue
totheincreaseintheprovisionforproductionsafetyexpensesduringthereportingperiod.2.IncomeStatementPosition
(1)FinancialexpensesinthecurrentQ1-Q3perioddecreasedby192.68%comparedtothesameperiodoflastyear.Itwasmainly
duetotheincreaseinforeignexchangegainsinthecurrentQ1-Q3period.(2)InvestmentincomeinthecurrentQ1-Q3periodincreasedby81.63%comparedtothesameperiodoflastyear.Itwasmainly
duetotheimprovedperformanceofitsassociatesinthecurrentQ1-Q3period.(3)GainsonchangesinfairvalueinthecurrentQ1-Q3perioddecreasedby11,489.32%comparedtothesameperiodoflastyear.
ItwasmainlyduetothedecreasedinfairvalueasaresultofexchangeratefluctuationsinthecurrentQ1-Q3period.(4)CreditimpairmentlossinfairvalueinthecurrentQ1-Q3perioddecreasedby131.28%comparedtothesameperiodoflast
year.ItwasmainlyduetothedecreaseincreditimpairmentlossesprovidedforchangesinaccountsreceivableinthecurrentQ1-
Q3period.
(5)AssetsimpairmentlossinfairvalueinthecurrentQ1-Q3periodincreasedby191.13%comparedtothesameperiodoflast
year.Itwasmainlyduetotheincreaseinimpairmentlossesonassetsduetofluctuationsinmarketpricesofproductsinthecurrent
Q1-Q3period.
(6)Non-operatingincomeinthecurrentQ1-Q3perioddecreasedby47.75%comparedtothesameperiodoflastyear.Itwas
mainlyduetothedecreaseincompensationincomeinthecurrentQ1-Q3period.(7)Non-operatingexpendituresinfairvalueinthecurrentQ1-Q3periodincreasedby48.23%comparedtothesameperiodoflast
year.ItwasmainlyduetotheincreaseinthescrappingoffixedassetsinthecurrentQ1-Q3period.3.CashFlowStatementPosition
(1)NetcashflowsfrominvestingactivitiesinthecurrentQ1-Q3perioddecreasedby61.66%comparedtothesameperiodoflast
year.ItwasmainlyduetotheincreaseinexpenditureonthepurchasebankfinancialproductsinthecurrentQ1-Q3period.
(2)NetcashflowsfromfinancingactivitiesinthecurrentQ1-Q3perioddecreasedby70.47%comparedtothesameperiodoflast
SectionⅡShareholdersInformation
ⅠTotalNumberofCommonShareholdersandNumberofPreferredShareholderswithVotingRightsRecoveredandInformationaboutTop10Shareholders
Unit:share
| TotalNumberofOrdinaryShareholdersattheEnd
oftheReportingPeriod | 82,471 | TotalNumberofShareholderswithRestored
VotingRightsforPreferredSharesattheEndof
theReportingPeriod(ifany) | 0 | | | | | ShareholdingoftheTop10Shareholders(ExcludingSharesLentthroughSecuritiesLending) | | | | | | | | ShareholderName | Shareholder
Type | Percenta
ge | NumberofShares
Held | Numberof
Shares
Subjectto
Sale
Restrictions | Pledge,Marking,or
FreezingStatus | | | | | | | | Status | Quantity | | NHUHoldingGroupCo.,Ltd. | Domesticnon-
state-owned
legalperson | 50.08% | 1,539,232,431 | 0 | N/A | 0 | | HongKongSecuritiesClearing
CompanyLimited | Overseaslegal
person | 6.03% | 185,233,723 | 0 | N/A | 0 | | ShanghaiChongyangStrategic
InvestmentCo.,Ltd.－
ChongyangStrategicHuizhi
Fund | Others | 0.88% | 26,930,663 | 0 | N/A | 0 | | IndustrialandCommercialBank
ofChinaLimited-Huatai-
PineBridgeCSI300Exchange
TradedFund | Others | 0.85% | 26,117,241 | 0 | N/A | 0 | | NationalSocialSecurityFund
No.503Portfolio | Others | 0.81% | 25,000,000 | 0 | N/A | 0 | | ChinaConstructionBank
Corporation-EFundShanghai
andShenzhen300Medicaland
HealthTradingOpen-endIndex
Fund | Others | 0.63% | 19,256,682 | 0 | N/A | 0 | | ShanghaiChongyangStrategic
InvestmentCo.,Ltd.－
ChongyangStrategicCaizhi
Fund | Others | 0.62% | 19,150,780 | 0 | N/A | 0 | | ChinaConstructionBank
Corporation-EFundCSI300
ExchangeTradedFund | Others | 0.62% | 18,913,931 | 0 | N/A | 0 | | ShanghaiChongyangStrategic
InvestmentCo.,Ltd.－
ChongyangStrategicJuzhiFund | Others | 0.49% | 15,096,694 | 0 | N/A | 0 | | HuBaishan | Domestic
NaturalPerson | 0.47% | 14,595,929 | 10,946,947 | N/A | 0 | | ShareholdingoftheTop10ShareholderswithUnlimitedSaleConditionsShares(ExcludingSharesLentthroughSecurities
LendingandSharesLockedforSeniorExecutives) | | | | | | | | ShareholderName | NumberofUnlimitedSale
ConditionSharesHeld | TypeandQuantityofShares | | | | | | | | Type | Quantity | | | | | NHUHoldingGroupCo.,Ltd. | 1,539,232,431 | RMBordinary
shares | 1,539,232,431 | | | | | HongKongSecuritiesClearingCompanyLimited | 185,233,723 | RMBordinary
shares | 185,233,723 | | | | | ShanghaiChongyangStrategicInvestmentCo., | 26,930,663 | RMBordinary | 26,930,663 | | | |
| Ltd.－ChongyangStrategicHuizhiFund | | shares | | | IndustrialandCommercialBankofChinaLimited
-Huatai-PineBridgeCSI300ExchangeTraded
Fund | 26,117,241 | RMBordinary
shares | 26,117,241 | | NationalSocialSecurityFundNo.503Portfolio | 25,000,000 | RMBordinary
shares | 25,000,000 | | ChinaConstructionBankCorporation-EFund
ShanghaiandShenzhen300MedicalandHealth
TradingOpen-endIndexFund | 19,256,682 | RMBordinary
shares | 19,256,682 | | ShanghaiChongyangStrategicInvestmentCo.,
Ltd.－ChongyangStrategicCaizhiFund | 19,150,780 | RMBordinary
shares | 19,150,780 | | ChinaConstructionBankCorporation-EFund
CSI300ExchangeTradedFund | 18,913,931 | RMBordinary
shares | 18,913,931 | | ShanghaiChongyangStrategicInvestmentCo.,
Ltd.－ChongyangStrategicJuzhiFund | 15,096,694 | RMBordinary
shares | 15,096,694 | | IndustrialandCommercialBankofChinaLimited
-ChinaAMCCSI300ExchangeTradedFund | 14,113,485 | RMBordinary
shares | 14,113,485 | | ExplanationoftheRelationshiporActingin
ConcertamongtheAboveShareholders | HuBaishanisadirectorofNHUHoldingGroupCo.,Ltd.TheCompanyis
notawareofwhetheranyrelationshipsexistbetweenothershareholdersor
iftheyconstitutepersonsactinginconcertasdefinedintheMeasuresfor
theAdministrationoftheTakeoverofListedCompanies. | | | | ExplanationoftheInvolvementoftheTop10
ShareholdersinMarginLendingandSecurities
LendingBusiness(ifany) | ShanghaiChongyangStrategyInvestmentCo.,Ltd.-ChongyangStrategy
HuizhiFundholds26,930,563sharesthroughthecustomercredittrading
collateralsecuritiesaccountofGuotaiHaitongSecuritiesCo.,Ltd.;
ShanghaiChongyangStrategyInvestmentCo.,Ltd.-ChongyangStrategy
CaizhiFundholds19,150,780sharesthroughthecustomercredittrading
collateralsecuritiesaccountofChinaMerchantsSecuritiesCo.,Ltd.;
ShanghaiChongyangStrategyInvestmentCo.,Ltd.-ChongyangStrategy
JuzhiFundholds15,096,694sharesthroughthecustomercredittrading
collateralsecuritiesaccountofChinaMerchantsSecuritiesCo.,Ltd. | | |
Note:Company'sSpecialSecuritiesAccountforRepurchasewasamongtheCompany'stop10shareholdersattheendofthe
reportingperiodbutisnotlistedinthetop10shareholders.
ParticipationofShareholdersHolding5%orMore,Top10Shareholders,andTop10ShareholdersofUnlimitedSaleCondition
CirculatingSharesinSecuritiesLendingBusinessthroughLendingShares□Applicable√NotApplicable
ChangesintheTop10ShareholdersandTop10ShareholdersofUnlimitedSaleConditionCirculatingSharesComparedtothe
PreviousPeriodDuetoSecuritiesLending/ReturnTransactions
□Applicable√NotApplicable
IITotalNumberofPreferredShareholdersandInformationaboutTop10PreferredShareholders□Applicable√Notapplicable
SectionIIIOtherSignificantEvents
√Applicable□Notapplicable
IProgressonShareRepurchase
TheCompany'sNinthBoardofDirectors'EleventhMeetingheldonApril11,2025，reviewedandapprovedthe"Proposalonthe
Company'sShareRepurchasePlan,"agreeingthattheCompanyuseitsownfundsorspecialrepurchaseloanstorepurchasea
portionoftheCompany'spubliclyheldsharesthroughcentralizedbiddingtransactions,forthepurposeofimplementingequity
incentiveplansoremployeestockownershipplans.ThetotalrepurchaseamountisplannedtobebetweenRMB300millionand
600million,witharepurchasepricenotexceedingRMB32pershare.Thespecificnumberofsharesrepurchasedandtheproportionofthetotalsharecapitalwillbebasedontheactualnumberrepurchaseduponexpirationoftherepurchaseperiod.The
Companyimplementedits2024annualprofitdistributiononMay21,2025,adjustingtherepurchasepricefromnotexceeding
RMB32persharetonotexceeding31.5pershare.Theimplementationperiodforthissharerepurchaseisnomorethan12months
fromthedatetheCompany'sBoardofDirectorsreviewedandapprovedthesharerepurchaseplan.AsofSeptember30,2025,the
Companyhadrepurchaseditssharesthroughthededicatedsecuritiesaccountfor sharerepurchaseviacentralizedbidding
transactions.Thenumberofsharesrepurchasedwas14,815,692,representing0.4820%oftheCompany'stotalsharecapital.The
highesttransactionpricewas23.87yuanpershare,thelowesttransactionpricewas21.25yuanpershare,andthetotaltransaction
amountwas321,411,966.15yuan(excludingtransactionfees).ThisrepurchasecomplieswiththeCompany'sestablishedshare
repurchaseplanandrelevantlawsandregulations.Fordetails,pleaserefertothe"AnnouncementontheProgressofthe
Company'sShareRepurchase"(2025-045)publishedbytheCompanyonthedesignatedinformationdisclosuremediaandonthe
CNINFOwebsite(http://www.cninfo.com.cn).
IIApplicationforRegistrationandIssuanceofDebtFinancingInstrumentsTheproposalregardingtheapplicationforregistrationandissuanceofdebtfinancinginstrumentswasreviewedandapprovedat
the14thSessionoftheNinthBoardofDirectorsoftheCompanyheldonAugust26,2025andtheSecondExtraordinaryGeneral
MeetingofShareholdersof2025heldonSeptember12,2025.TomeetthefundingneedsfortheCompany'srapiddevelopment,
optimizethefinancingstructure,andreducefinancingcosts,theCompanyplanstoapplytotheNationalAssociationofFinancial
MarketInstitutionalInvestors(NAFMII)fortheregistrationandissuanceofnon-financialenterprisedebtfinancinginstruments
withatotalvaluenotexceedingRMB3billion(including3billion).Thetypesofinstrumentstobeissuedmayincludemedium-
termnotes(withatermnotexceeding3years),short-termfinancingbills(withatermnotexceeding1year),andsupershort-term
commercialpaper(withatermnotexceeding270days),andtheymaybeissuedintranches.Thefundsraisedfromthisissuance
areplannedtobeusedfortheCompany'sproductionandoperationalactivities,includingbutnotlimitedtoprojectconstructionin
technologicalinnovationfields,R&Dinvestment,repaymentofinterest-bearingliabilities,andreplenishingworkingcapital.This
issuanceissubjecttotheapprovalandregistrationbyNAFMII,withavalidityperiodof24monthsfromthedateofthe"Noticeof
AcceptanceofRegistration."Fordetails,pleaserefertothe"AnnouncementontheApplicationforRegistrationandIssuanceof
DebtFinancingInstruments"(2025-041)publishedbytheCompanyonthedesignatedinformationdisclosuremediaandonthe
CNINFOwebsite(http://www.cninfo.com.cn).
III2025InterimProfitDistribution
The"2025InterimProfitDistributionPlan"wasreviewedandapprovedatthe14thSessionoftheNinthBoardofDirectorsheld
InterimProfitDistributionPlan:Taking3,059,121,988shares[Note],calculatedbasedonthetotalsharecapitalof3,073,421,680
sharesasofJuly31,2025,excluding14,299,692repurchasedshares,asthebase,theCompanywilldistributeacashdividendof
RMB2.00(includingtax)per10sharestoallshareholders.Nobonusshareswillbeissued(includingtax),andnoconversion
fromcapitalreservetosharecapitalwillbeperformed.Thetotalcashdistributedwillbe611,824,397.60yuan,andtheremaining
profitsavailablefordistributionwillbecarriedforwardtothefollowingyear.[Note]:AsofJuly31,2025,theCompany'stotalsharecapitalwas3,073,421,680shares,including14,299,692repurchasedshares.
AccordingtotheRulesforShareRepurchasesbyListedCompanies,sharesinthelistedcompany'sspecialrepurchaseaccountare
notentitledtoprofitdistributionorcapitalreserveconversiontosharecapital.IftheCompany'stotalsharecapitalchangesbeforetheimplementationofthedistributionplanduetoreasonssuchasthe
conversionofconvertiblebonds,sharerepurchases,theexerciseofrightsunderequityincentiveplans,orthelistingofnewshares
from refinancing,thetotal distribution amount will be adjustedcorrespondingly basedon theprinciple ofmaintaining an
unchangeddistributionratio.
The2025interimprofitdistributionwascompletedonOctober20,2025.Fordetails,pleaserefertothe"Announcementonthe
Implementationofthe2025InterimProfitDistribution"(2025-046)publishedbytheCompanyonthedesignatedinformation
disclosuremediaandtheCNINFOwebsite.
SectionⅣQuarterlyFinancialStatements
ⅠFinancialstatements
1.Consolidatedbalancesheet
PreparedbyZhejiangNHUCo.,Ltd.
September30,2025
Unit:RMBYuan
| Items | September30,2025 | January1,2025 | | Currentassets: | | | | Cashandbankbalances | 8,082,687,914.48 | 7,936,504,805.65 | | Settlementfunds | | | | Loanstootherbanks | | | | Held-for-tradingfinancialassets | 1,973,500,000.00 | 745,816.34 | | Derivativefinancialassets | | | | Notesreceivable | 293,735,551.11 | 292,562,093.90 | | Accountsreceivable | 3,324,635,191.79 | 3,653,676,104.37 | | Receivablesfinancing | 606,050,719.51 | 523,913,135.22 | | Advancespaid | 190,306,029.89 | 163,216,512.08 | | Premiumsreceivable | | | | Reinsuranceaccountsreceivable | | | | Reinsurancereservereceivable | | | | Otherreceivables | 325,995,510.22 | 225,516,143.49 | | Including:Interestreceivable | | | | Dividendreceivable | | | | Financialassetsunderreverserepo | | | | Inventories | 4,514,388,372.66 | 4,090,096,841.96 | | Including:Dataresources | | | | Contractassets | | | | Assetsheldforsale | | | | Non-current assets due within one
year | | | | Othercurrentassets | 49,458,742.82 | 35,969,632.09 | | Totalcurrentassets | 19,360,758,032.48 | 16,922,201,085.10 | | Non-currentassets: | | | | Loansandadvances | | | | Items | September30,2025 | January1,2025 | | Debtinvestments | | | | Otherdebtinvestments | | | | Long-termreceivables | | | | Long-termequityinvestments | 904,797,044.21 | 865,262,148.36 | | Otherequityinstrumentinvestments | 17,790,147.55 | 19,498,147.55 | | Othernon-currentfinancialassets | | | | Investmentproperty | | | | Fixedassets | 20,673,616,930.45 | 21,915,984,823.43 | | Constructioninprogress | 647,339,302.58 | 571,610,643.68 | | Productivebiologicalassets | | | | Oil&gasassets | | | | Right-of-useassets | 10,259,663.45 | 13,222,869.09 | | Intangibleassets | 2,539,887,964.92 | 2,482,899,966.19 | | Including:Dataresources | | | | Developmentexpenditures | | | | Including:Dataresources | | | | Goodwill | 3,622,704.97 | 3,622,704.97 | | Long-termprepayments | 22,847,031.64 | 33,059,580.89 | | Deferredtaxassets | 4,673,328.54 | 2,106,046.31 | | Othernon-currentassets | 908,370,831.95 | 159,664,455.40 | | Totalnon-currentassets | 25,733,204,950.26 | 26,066,931,385.87 | | Totalassets | 45,093,962,982.74 | 42,989,132,470.97 | | Currentliabilities: | | | | Short-termborrowings | 891,964,162.60 | 1,162,512,239.04 | | Centralbankloans | | | | Loansfromotherbanks | | | | Held-for-tradingfinancialliabilities | 6,366,499.86 | 11,151,258.46 | | Derivativefinancialliabilities | | | | Notespayable | 113,495,660.20 | 159,164,822.28 | | Accountspayable | 1,452,067,745.39 | 1,685,979,157.55 | | Advancesreceived | | | | Contractliabilities | 270,673,598.40 | 237,013,669.77 | | Financialliabilitiesunderrepo | | | | Items | September30,2025 | January1,2025 | | Absorbingdepositandinterbank
deposit | | | | Depositforagencysecurity
transaction | | | | Depositforagencysecurity
underwriting | | | | Employeebenefitspayable | 375,211,225.51 | 473,107,111.45 | | Taxesandratespayable | 599,456,481.64 | 538,903,915.30 | | Otherpayables | 101,150,316.79 | 122,424,090.50 | | Including:Interestpayable | | | | Dividendpayable | | | | Handlingfeeandcommission
payable | | | | Reinsuranceaccountspayable | | | | Liabilitiesheldforsale | | | | Non-currentliabilitiesduewithinone
year | 4,102,677,827.66 | 2,465,378,913.94 | | Othercurrentliabilities | 41,227,688.04 | 53,564,334.90 | | Totalcurrentliabilities | 7,954,291,206.09 | 6,909,199,513.19 | | Non-currentliabilities: | | | | Insurancepolicyreserve | | | | Long-termborrowings | 3,574,930,881.16 | 5,327,243,721.25 | | Bondspayable | | | | Including:Preferredshares | | | | Perpetualbonds | | | | Leaseliabilities | 2,612,660.40 | 3,584,791.02 | | Long-termpayables | | | | Long-termemployeebenefits
payable | | | | Provisions | | | | Deferredincome | 937,401,393.34 | 1,025,834,591.04 | | Deferredtaxliabilities | 268,130,463.65 | 277,719,591.54 | | Othernon-currentliabilities | | | | Totalnon-currentliabilities | 4,783,075,398.55 | 6,634,382,694.85 | | Totalliabilities | 12,737,366,604.64 | 13,543,582,208.04 | | Equity: | | | | Sharecapital | 3,073,421,680.00 | 3,073,421,680.00 | | Otherequityinstruments | | | | Items | September30,2025 | January1,2025 | | Including:Preferredshares | | | | Perpetualbonds | | | | Capitalreserve | 3,132,531,649.49 | 3,132,519,968.42 | | Less:Treasuryshares | 321,433,003.38 | | | Othercomprehensiveincome | 70,102,067.44 | 91,513,343.50 | | Specialreserve | 157,204,287.24 | 106,348,864.91 | | Surplusreserve | 1,545,453,678.00 | 1,545,453,678.00 | | Generalriskreserve | | | | Undistributedprofit | 24,545,700,558.83 | 21,375,740,194.12 | | Total equity attributable to the parent
company | 32,202,980,917.62 | 29,324,997,728.95 | | Non-controllinginterest | 153,615,460.48 | 120,552,533.98 | | Totalequity | 32,356,596,378.10 | 29,445,550,262.93 | | Totalliabilities&equity | 45,093,962,982.74 | 42,989,132,470.97 |
Legalrepresentative:HuBaifan Officerinchargeofaccounting:ShiGuanqun Headofaccountingdepartment:LiuFanglu
2.ConsolidatedincomestatementforQ1-Q3
Unit:RMBYuan
| Items | Q1~Q32025 | Q1~Q32024 | | I.Totaloperatingrevenue | 16,642,101,764.92 | 15,781,739,446.23 | | Including:Operatingrevenue | 16,642,101,764.92 | 15,781,739,446.23 | | Interestincome | | | | Premiumsearned | | | | Revenuefromhandlingchargesandcommission | | | | II.Totaloperatingcost | 10,521,382,709.20 | 11,168,127,903.08 | | Including:Operatingcost | 9,061,993,897.74 | 9,542,295,372.45 | | Interestexpenses | | | | Handlingchargesandcommissionexpenditures | | | | Surrendervalue | | | | Netpaymentofinsuranceclaims | | | | Netprovisionofinsurancepolicyreserve | | | | Premiumbonusexpenditures | | | | Reinsuranceexpenses | | | | Taxesandsurcharges | 196,595,837.25 | 160,042,208.27 | | Items | Q1~Q32025 | Q1~Q32024 | | Sellingexpenses | 125,918,576.73 | 134,660,406.09 | | Administrativeexpenses | 460,721,586.78 | 448,966,347.67 | | R&Dexpenses | 798,468,927.21 | 750,191,079.58 | | Financialexpenses | -122,316,116.51 | 131,972,489.02 | | Including:Interestexpenses | 161,299,501.81 | 207,500,271.37 | | Interestincome | 56,852,548.36 | 88,226,976.49 | | Add:Otherincome | 184,244,312.75 | 204,181,592.96 | | Investmentincome(orless:losses) | 76,855,004.79 | 42,313,966.93 | | Including:Investmentincomefromassociatesand
jointventures | 61,001,722.50 | 19,759,145.86 | | Gainsfromderecognitionoffinancial
assetsatamortizedcost | | | | Gainsonforeignexchange(orless:losses) | | | | Gainsonnetexposuretohedgingrisk(orless:losses) | | | | Gainsonchangesinfairvalue(orless:losses) | -88,344,579.28 | 775,679.12 | | Creditimpairmentloss | 19,661,569.24 | -62,852,250.50 | | Assetsimpairmentloss | -59,395,217.60 | -20,401,891.12 | | Gainsonassetdisposal(orless:losses) | -1,695,485.83 | -1,819,619.21 | | III.Operatingprofit(orless:losses) | 6,252,044,659.79 | 4,775,809,021.33 | | Add:Non-operatingrevenue | 2,528,959.80 | 4,840,258.61 | | Less:Non-operatingexpenditures | 10,311,169.44 | 6,956,098.91 | | IV.Profitbeforetax(orless:totalloss) | 6,244,262,450.15 | 4,773,693,181.03 | | Less:Incometax | 890,058,372.03 | 765,133,595.85 | | V.Netprofit(orless:netloss) | 5,354,204,078.12 | 4,008,559,585.18 | | (I)Categorizedbythecontinuityofoperations | | | | 1.Netprofitfromcontinuingoperations(orless:netloss) | 5,354,204,078.12 | 4,008,559,585.18 | | 2.Netprofitfromdiscontinuedoperations(orless:netloss) | | | | (II)Categorizedbytheportionofequityownership | | | | 1.Netprofitattributabletoownersofparentcompany | 5,320,721,690.71 | 3,989,518,788.01 | | 2.Netprofitattributabletonon-controllingshareholders | 33,482,387.41 | 19,040,797.17 | | VI.Othercomprehensiveincomeaftertax | -21,830,736.97 | 6,453,823.71 | | Itemsattributabletotheownersoftheparentcompany | -21,411,276.06 | 7,429,260.78 | | (I)Nottobereclassifiedsubsequentlytoprofitorloss | | | | 1.Changesinremeasurementonthenetdefinedbenefit
plan | | | | Items | Q1~Q32025 | Q1~Q32024 | | 2.Itemsunderequitymethodthatwillnotbereclassified
toprofitorloss | | | | 3.Changesinfairvalueofotherequityinstrument
investments | | | | 4.Changesinfairvalueofowncreditrisk | | | | 5.Others | | | | (II)Tobereclassifiedsubsequentlytoprofitorloss | -21,411,276.06 | 7,429,260.78 | | 1.Itemsunderequitymethodthatmaybereclassifiedto
profitorloss | | | | 2.Changesinfairvalueofotherdebtinvestments | | | | 3.Profitorlossfromreclassificationoffinancialassets
intoothercomprehensiveincome | | | | 4. Provision for credit impairment of other debt
investments | | | | 5.Cashflowhedgingreserve | | | | 6.Translationreserve | -21,411,276.06 | 7,429,260.78 | | 7.Others | | | | Itemsattributabletonon-controllingshareholders | -419,460.91 | -975,437.07 | | VII.Totalcomprehensiveincome | 5,332,373,341.15 | 4,015,013,408.89 | | Itemsattributabletotheownersoftheparentcompany | 5,299,310,414.65 | 3,996,948,048.79 | | Itemsattributabletonon-controllingshareholders | 33,062,926.50 | 18,065,360.10 | | VIII.Earningspershare(EPS): | | | | (I)BasicEPS(yuanpershare) | 1.73 | 1.29 | | (II)DilutedEPS(yuanpershare) | 1.73 | 1.29 |
Netprofitrealizedbythecombinedpartyinbusinesscombinationundercommoncontrolbeforethebusinesscombinationinthe（未完）
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