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RoboSense Technology Co., Ltd Interim / Quarterly Report 2025
50628_rns_2025-10-30_15c9dc9d-1e1d-4c98-b974-988a4865a9e7.pdf
Interim / Quarterly Report
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
凯盛新能源股份有限公司
Triumph New Energy Company Limited
(Formerly known as “LUOYANG GLASS COMPANY LIMITED 浯陽玻璃股份有限公司”)
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 01108)
THIRD QUARTERLY REPORT 2025
IMPORTANT NOTICE:
The board (the "Board") of directors (the "Directors"), the Directors and senior management of Triumph New Energy Company Limited (the "Company") warrant that the information contained in this quarterly report is true, accurate, and complete without any false information and misleading statements or material omissions, and severally and jointly accept legal responsibility for the above.
Person-in-charge of the Company, person-in-charge of accounting function of the Company, and the person in charge of accounting institution (head of accounting department), warrant the truthfulness, accuracy and completeness of the financial statements set out in this quarterly report.
Whether the financial statements for the third quarter have been audited
☐ Yes ☑ No
I. MAJOR FINANCIAL DATA
(I) Key accounting data and financial indicators
Unit: Yuan Currency: RMB
| Item | For the Reporting Period | Increase/decrease during the Reporting Period as compared with the same period of the previous year (%) | For the period from the beginning of the year to the end of the Reporting Period | Increase/decrease for the Period from the beginning of the year to the end of the Reporting Period as compared with the same period of the previous year (%) |
|---|---|---|---|---|
| Operating revenue | 1,003,378,573.73 | 40.15 | 2,676,772,262.21 | -27.55 |
| Total profit (total loss is represented by “-”) | -146,255,679.06 | 33.09 | -649,639,792.69 | -125.33 |
| Net profit attributable to shareholders of the Company (net loss is represented by “-”) | -147,275,842.71 | 23.50 | -596,259,964.22 | -141.12 |
| Net profit attributable to shareholders of the Company after deducting non-recurring profit or loss (net loss is represented by “-”) | -192,528,925.18 | 6.41 | -651,195,912.52 | -140.05 |
| Net cash flow from operating activities | 9,013,278.11 | 114.69 | -735,810,751.58 | -819.57 |
| Basic earnings per share (RMB/share) (loss is represented by “-”) | -0.23 | 23.33 | -0.92 | -142.11 |
| Diluted earnings per share (RMB/share) (loss is represented by “-”) | -0.23 | 23.33 | -0.92 | -142.11 |
| Weighted average return on net assets (%) (loss rate is represented by “-”) | -4.21 | Increased by 0.09 percentage point | -16.03 | Decreased by 10.54 percentage points |
| At the end of the Reporting Period | At the end of the previous year | Increase/decrease at the end of the Reporting Period over the end of the previous year (%) | ||
| Total assets | 13,564,036,427.17 | 12,305,210,394.10 | 10.23 | |
| Owner’s equity attributable to shareholders of the Company | 3,420,961,182.66 | 4,017,221,146.89 | -14.84 |
Note: The “Reporting Period” refers to the three-months period from 1 July 2025 to 30 September 2025, hereinafter the same.
- 3 -
(II) Non-recurring items and amounts
| Unit: Yuan | Currency: RMB | |
|---|---|---|
| Non-recurring items | Amount for the Reporting Period | Amount for the period from the beginning of the year to the end of the Reporting Period |
| Profit/loss on disposal of non-current assets, including the provision for assets impairment being written off | 17,624.03 | 186,778.18 |
| Government subsidies attributable to profits and losses for the period, except for the grants which are closely related to the Company’s business, comply with national policy requirements, have the standard amount and have continuous impact on the Company’s profits and losses | 67,886,547.29 | 77,241,399.83 |
| Fund possession fee received from non-financial enterprises attributable to profits and losses for the period | - | 53,350.79 |
| Gains when the investment cost of acquiring a subsidiary, an associate and a joint venture is less than the fair value of the identifiable net assets of the invested entity | - | 108,490.27 |
| Custody fee income from entrusted operation | 283,018.86 | 849,056.58 |
| Other non-operating income and expenses apart from the aforesaid items | 61,472.30 | 405,642.74 |
| Less: Effect of income tax (benefit is represented by “-”) | -7,312.50 | 19,810.07 |
| Effect of minority interests (after tax) | 23,002,892.51 | 23,888,960.02 |
| Total | 45,253,082.47 | 54,935,948.30 |
(III) Changes in key accounting figures and financial indicators and the reasons thereof
Unit: Yuan Currency: RMB
| Item | At the end of the Reporting Period | At the end of the previous year | Change (%) | Main reason |
|---|---|---|---|---|
| Bills receivable | 307,437,067.64 | 651,423,089.16 | -52.81 | The proportion of payment collected by acceptance bill decreased |
| Accounts receivable financing | 246,139,919.51 | 168,646,023.76 | 45.95 | The proportion of payment collected by electronic creditor’s right certificate increased |
| Other receivables | 148,260,710.45 | 102,179,903.98 | 45.10 | Increase in subsidies receivable |
| Development expenditures | 13,578,797.89 | 10,469,477.25 | 29.70 | Increased investment in capitalization stage of R&D projects |
| Other non-current assets | 106,268,763.54 | 39,580,248.99 | 168.49 | Increase in input to be deducted of value-added tax |
| Short-term borrowings | 2,189,941,351.05 | 1,640,538,722.72 | 33.49 | Increase in short-term borrowings |
| Bills payable | 263,358,371.86 | 367,446,043.33 | -28.33 | Matured and redeemed notes |
| Trade payables | 2,488,113,035.71 | 1,594,034,225.51 | 56.09 | Impact on incorporating Jiangsu Triumph New Material Co., Ltd. (“Jiangsu Triumph”) into the scope of consolidation in the first half of the year |
| Contract liabilities | 22,269,784.46 | 8,384,812.47 | 165.60 | Impact on incorporating Jiangsu Triumph into the scope of consolidation in the first half of the year |
| Employee benefits payable | 23,803,898.05 | 51,703,216.46 | -53.96 | Distribution of year-end bonus accrued at the end of the previous year with the decrease in the number of employees |
| Tax payable | 16,370,412.82 | 8,797,215.77 | 86.09 | Corporate income tax, property tax and other taxes and fees provided at the end of the third quarter increased |
| Other current liabilities | 197,916,172.97 | 299,204,298.33 | -33.85 | Bills endorsed or discounted but not eligible for derecognition are matured or reduced |
| Deferred income | 135,207,397.22 | 62,438,346.08 | 116.55 | Impact on incorporating Jiangsu Triumph into the scope of consolidation in the first half of the year |
| Retained earnings (loss is represented by “-”) | -1,056,898,251.79 | -460,638,287.56 | -129.44 | Loss from operations |
| Item | The Reporting Period/From the beginning of the year to the end of the Reporting Period | Same period of the previous year | Change (%) | Main reason |
|---|---|---|---|---|
| Operating revenue – Reporting Period | 1,003,378,573.73 | 715,925,865.68 | 40.15 | Sales volume and prices recovered year on year in the third quarter |
| Operating revenue – period from the beginning of the year to the end of the Reporting Period | 2,676,772,262.21 | 3,694,749,184.35 | -27.55 | Sales declined year on year in the first three quarters |
| Operating cost – Reporting Period | 1,111,377,372.19 | 850,529,417.82 | 30.67 | Sales volume increased year on year in the third quarter |
| Taxes and surcharges – Reporting Period | 11,737,888.32 | 9,081,908.67 | 29.24 | Property taxes and other taxes increased year on year in the third quarter |
| Selling expenses – Reporting Period | 2,171,106.75 | 4,152,054.81 | -47.71 | Performance of sales staff compensation decreased year on year |
| Selling expenses – period from the beginning of the year to the end of the Reporting Period | 5,710,490.85 | 15,766,696.92 | -63.78 | Sales staff salary performance and rental fees decreased year on year |
| Administration expenses – Reporting Period | 48,798,677.52 | 33,225,678.58 | 46.87 | Termination benefits increased year on year |
| R&D expenses – period from the beginning of the year to the end of the Reporting Period | 101,804,713.18 | 160,264,727.82 | -36.48 | R&D investment fell year on year |
| Finance expenses – Reporting Period | 28,172,330.09 | 17,540,357.65 | 60.61 | Increase in interest-bearing liabilities |
| Finance expenses – period from beginning of the year to the end of the Reporting Period | 84,780,273.05 | 66,990,518.54 | 26.56 | Increase in interest-bearing liabilities |
| Other income – Reporting Period | 67,400,427.98 | 22,886,584.93 | 194.50 | Government subsidies increased year on year |
| Other income – period from the beginning of the year to the end of the Reporting Period | 75,682,901.96 | 48,263,138.69 | 56.81 | Government subsidies increased year on year |
| Investment income (loss is represented by “–”) – Reporting Period | -4,054,169.96 | -1,564,380.86 | 159.15 | Increase in bill discounting fees |
| Impairment losses on credit (loss is represented by “–”) – Reporting Period | -43,119,876.82 | 2,968,878.29 | 1,552.40 | Provision for bad debts based on changes in customer creditworthiness |
| Impairment losses on credit (loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -89,122,918.06 | -903,639.42 | 9,762.66 | Provision for bad debts based on changes in customer creditworthiness |
| Item | The Reporting Period/From the beginning of the year to the end of the Reporting Period | Same period of the previous year | Change (%) | Main reason |
|---|---|---|---|---|
| Impairment losses on assets – Reporting Period | 67,268,482.93 | 511,398.52 | -13,053.83 | Decrease in inventories and recovery of prices |
| Impairment losses on assets (loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | 69,477,999.32 | -25,544,559.17 | -371.99 | Decrease in inventories and recovery of prices |
| Gains from disposal of assets – period from the beginning of the year to the end of the Reporting Period | 24,233.88 | 3,631,178.85 | -99.33 | Downsize of asset disposal |
| Total profit (total loss is represented by “–”) – Reporting Period | -146,255,679.06 | -218,574,621.88 | 33.09 | Government subsidies increased year on year |
| Total profit (total loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -649,639,792.69 | -288,308,391.69 | -125.33 | Increase in losses |
| Income tax expenses (profit is represented by “–”) – Reporting Period | 2,024,776.27 | -12,477,737.45 | 116.23 | Deferred income tax expenses decreased year on year |
| Income tax expenses (profit is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | 1,931,164.45 | -34,223,372.02 | 105.64 | Deferred income tax expenses decreased year on year |
| Net profit attributable to shareholders of the Company (net loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -596,259,964.22 | -247,291,596.56 | -141.12 | Increase in losses |
| Net profit attributable to shareholders of the Company after deducting non-recurring profit or loss (net loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -651,195,912.52 | -271,270,269.30 | -140.05 | Increase in losses |
| Basic earnings per share (loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -0.92 | -0.38 | -142.11 | Increase in losses |
| Diluted earnings per share (loss is represented by “–”) – period from the beginning of the year to the end of the Reporting Period | -0.92 | -0.38 | -142.11 | Increase in losses |
- 7 -
| Item | The Reporting Period/From the beginning of the year to the end of the Reporting Period | Same period of the previous year | Change (%) | Main reason |
|---|---|---|---|---|
| Net cash flow from operating activities – Reporting Period | 9,013,278.11 | -61,350,384.10 | 114.69 | Operating cash flow improved markedly in the third quarter |
| Net cash flow from operating activities– period from the beginning of the year to the end of the Reporting Period | -735,810,751.58 | -80,017,134.46 | -819.57 | Operating cash flow recorded a significant deficit in the first half of the year |
| Net cash flow from investing activities – Reporting Period | -104,157,022.92 | -51,464,257.08 | -102.39 | Payment for land purchase for new project construction in the third quarter |
| Net cash flows from financing activities – Reporting Period | 113,797,896.23 | 183,815,567.91 | -38.09 | External financing decreased year on year in the third quarter |
| Net cash flows from financing activities – period from the beginning of the year to the end of the Reporting Period | 1,096,932,661.04 | 524,743,420.67 | 109.04 | Bank borrowings increased year on year in the first three quarters |
II. INFORMATION ON SHAREHOLDERS
(I) Total number of holders of ordinary shares, number of holders of preference shares with voting rights restored and shareholdings of the top ten shareholders
Unit: share
| Total number of holders of ordinary shares as at the end of the Reporting Period | 30,533 | Total number of holders of preference shares with voting rights restored as at the end of the Reporting Period (if any) | 0 |
|---|---|---|---|
Shareholdings of top 10 shareholders as at the end of the Reporting Period (excluding shares lent through securities lending and refinancing)
| Name of shareholder | Nature of shareholder | Number of shares held | Shareholding percentage (%) | Number of shares held subject to trading moratorium | Status of shares | Number |
|---|---|---|---|---|---|---|
| HKSCC Nominees Limited | Overseas legal person | 248,238,789 | 38.45 | 0 | Unknown | |
| China Luoyang Float Glass (Group) Co., Ltd. | State-owned legal person | 111,195,912 | 17.22 | 0 | Pledged | 55,597,956 |
Shareholdings of top 10 shareholders as at the end of the Reporting Period (excluding shares lent through securities lending and refinancing)
| Name of shareholder | Nature of shareholder | Number of shares held | Shareholding percentage (%) | Number of shares held subject to trading moratorium | Status of shares | Number |
|---|---|---|---|---|---|---|
| CNBM New Material Research Institute Group Co., Ltd.* (中建材玻璃新材料研究院集團有限公司) | State-owned legal person | 63,835,499 | 9.89 | 0 | Nil | |
| Hongtu Private Equity Investment Fund Management (Shenzhen) Co., Ltd. of Shenzhen Capital Group Co., Ltd. - New Materials Fund of Shenzhen Capital Group for Transformation and Upgrading for Manufacturing Sector (Limited Partnership)* (深創投紅土私募股權投資基金管理(深圳)有限公司-深創投製造業轉型升級新材料基金(有限合夥)) | Domestic non-state-owned legal person | 38,853,812 | 6.02 | 0 | Nil | |
| Triumph Science & Technology Co., Ltd. | State-owned legal person | 29,515,000 | 4.57 | 0 | Nil | |
| Luoyang Venture Investment Co., Ltd. - High Quality Development Fund for Manufacturing Sector in Luoyang (Limited Partnership)* (洛陽創業投資有限公司-洛陽製造業高品質發展基金(有限合夥)) | Domestic non-state-owned legal person | 4,856,726 | 0.75 | 0 | Nil | |
| Hong Kong Securities Clearing Company Limited | Overseas legal person | 3,029,178 | 0.47 | 0 | Nil | |
| Yixing Environmental Technology Innovation and Venture Capital Co., Ltd.* (宜興環保科技創新創業投資有限公司) | State-owned legal person | 1,542,674 | 0.24 | 0 | Nil | |
| Yang Wucheng (楊武成) | Domestic natural person | 1,454,472 | 0.23 | 0 | Pledged | 1,454,472 |
| Ding Yuhui (丁宇輝) | Domestic natural person | 1,414,866 | 0.22 | 0 | Nil |
Shareholdings of top 10 shareholders not subject to trading moratorium
as at the end of the Reporting Period (excluding shares lent through securities lending and refinancing)
| Name of shareholder | Shareholdings of
tradable shares
without trading
limitations | Type and number of shares | Type of shares | Number |
| --- | --- | --- | --- | --- |
| HKSCC Nominees Limited | 248,238,789 | Overseas listed foreign shares | 248,238,789 | |
| China Luoyang Float Glass (Group) Co., Ltd. | 111,195,912 | Ordinary RMB shares | 111,195,912 | |
| CNBM New Material Research Institute Group Co., Ltd. (中建材玻璃新材料研究院集團有限公司) | 63,835,499 | Ordinary RMB shares | 63,835,499 | |
| Hongtu Private Equity Investment Fund Management (Shenzhen) Co., Ltd. of Shenzhen Capital Group Co., Ltd. – New Materials Fund of Shenzhen Capital Group for Transformation and Upgrading for Manufacturing Sector (Limited Partnership) * (深創投紅土私募股權投資基金管理(深圳)有限公司–深創投製造業轉型升級新材料基金(有限合夥)) | 38,853,812 | Ordinary RMB shares | 38,853,812 | |
| Triumph Science & Technology Co., Ltd. | 29,515,000 | Ordinary RMB shares | 29,515,000 | |
| Luoyang Venture Investment Co., Ltd. – High Quality Development Fund for Manufacturing Sector in Luoyang (Limited Partnership) * (洛陽創業投資有限公司–洛陽製造業高品質發展基金(有限合夥)) | 4,856,726 | Ordinary RMB shares | 4,856,726 | |
| Hong Kong Securities Clearing Co., Ltd. | 3,029,178 | Ordinary RMB shares | 3,029,178 | |
| Yixing Environmental Technology Innovation and Venture Capital Co., Ltd. (宜興環保科技創新創業投資有限公司) | 1,542,674 | Ordinary RMB shares | 1,542,674 | |
| Yang Wucheng (楊武成) | 1,454,472 | Ordinary RMB shares | 1,454,472 | |
| Ding Yuhui (丁宇輝) | 1,414,866 | Ordinary RMB shares | 1,414,866 | |
– 9 –
Explanation on related party relationship or parties acting in concert among the aforesaid shareholders
Among the top 10 shareholders of the Company, China Luoyang Float Glass (Group) Co., Ltd. together with CNBM New Material Research Institute Group Co., Ltd.* (中建材玻璃新材料研究院集团有限公司) and Triumph Science & Technology Co., Ltd. are related parties or parties acting in concert as defined under the Regulations for Acquisition of Listed Companies (《上市公司收購管理辦法》). The Company is not aware of any parties acting in concert or any related relationship among other holders of circulating shares.
Description of involvement in securities margin Nil financing, short selling and refinancing (if any) by top 10 shareholders and top 10 holders of shares not subject to trading moratorium
Notes:
1. Shares held by HKSCC Nominees Limited are held on behalf of various customers.
2. The ordinary RMB shares held by Hong Kong Securities Clearing Company Limited are held on behalf of overseas investors who held ordinary RMB shares of the Company via Northbound Trading in the Shanghai-Hong Kong Stock Connect.
Shares lent by shareholders holding more than 5% of shares, top 10 shareholders and top 10 holders of shares not subject to trading moratorium through securities lending and refinancing business
☐ Applicable ☑ Not Applicable
Changes in the top ten shareholders and top ten shareholders not subject to trading moratorium due to lending/returning through securities lending and refinancing business as compared with the previous period
☐ Applicable ☑ Not Applicable
III. OTHER REMINDERS
Other important information about the Company’s operations during the Reporting Period that should be brought to the attention of investors
☐ Applicable ☑ Not Applicable
IV. QUARTERLY FINANCIAL STATEMENTS
(I) Type of audit opinion
☐ Applicable ☑ Not Applicable
- 11 -
(II) Financial statements
Consolidated Balance Sheet
30 September 2025
Prepared by: Triumph New Energy Company Limited
Unit: Yuan Currency: RMB Type of audit: unaudited
| Item | 30 September 2025 | 31 December 2024 |
|---|---|---|
| Current Assets: | ||
| Money funds | 168,408,455.31 | 140,369,169.47 |
| Notes receivable | 307,437,067.64 | 651,423,089.16 |
| Accounts receivable | 1,268,035,730.67 | 1,027,209,026.78 |
| Financing receivables | 246,139,919.51 | 168,646,023.76 |
| Prepayments | 180,022,316.07 | 161,479,195.21 |
| Other receivables | 148,260,710.45 | 102,179,903.98 |
| Inventories | 745,113,754.90 | 891,337,553.86 |
| Other current assets | 174,470,261.47 | 159,071,073.95 |
| Total current assets | 3,237,888,216.02 | 3,301,715,036.17 |
| Non-current assets: | ||
| Fixed assets | 5,279,843,807.17 | 4,646,259,534.90 |
| Construction in progress | 3,905,233,921.37 | 3,389,274,950.00 |
| Right-of-use assets | 3,898,629.95 | 6,377,028.57 |
| Intangible assets | 867,081,348.33 | 760,055,029.16 |
| Development expenditure | 13,578,797.89 | 10,469,477.25 |
| Goodwill | 17,583,473.33 | 17,583,473.33 |
| Deferred income tax assets | 132,659,469.57 | 133,895,615.73 |
| Other non-current assets | 106,268,763.54 | 39,580,248.99 |
| Total non-current assets | 10,326,148,211.15 | 9,003,495,357.93 |
| Total assets | 13,564,036,427.17 | 12,305,210,394.10 |
- 12 -
| Item | 30 September 2025 | 31 December 2024 |
|---|---|---|
| Current liabilities: | ||
| Short-term borrowings | 2,189,941,351.05 | 1,640,538,722.72 |
| Notes payable | 263,358,371.86 | 367,446,043.33 |
| Accounts payable | 2,488,113,035.71 | 1,594,034,225.51 |
| Contract liabilities | 22,269,784.46 | 8,384,812.47 |
| Employee compensation payable | 23,803,898.05 | 51,703,216.46 |
| Taxes payable | 16,370,412.82 | 8,797,215.77 |
| Other payables | 206,310,226.66 | 197,674,301.52 |
| Non-current liabilities due within one year | 881,476,442.30 | 933,914,466.06 |
| Other current liabilities | 197,916,172.97 | 299,204,298.33 |
| Total current liabilities | 6,289,559,695.88 | 5,101,697,302.17 |
| Non-current liabilities: | ||
| Long-term borrowings | 3,217,365,798.98 | 2,728,799,119.77 |
| Lease liabilities | 3,409,413.63 | 3,673,630.33 |
| Long-term payables | 300,000.00 | |
| Deferred income | 135,207,397.22 | 62,438,346.08 |
| Deferred income tax liabilities | 36,580,745.84 | 34,454,602.04 |
| Other non-current liabilities | – | – |
| Total non-current liabilities | 3,392,863,355.67 | 2,829,365,698.22 |
| Total liabilities | 9,682,423,051.55 | 7,931,063,000.39 |
- 13 -
| Item | 30 September 2025 | 31 December 2024 |
|---|---|---|
| Owners’ equity (or shareholders’ equity): | ||
| Paid-in capital (or share capital) | 645,674,963.00 | 645,674,963.00 |
| Capital reserve | 3,780,818,962.41 | 3,780,818,962.41 |
| Surplus reserve | 51,365,509.04 | 51,365,509.04 |
| Undistributed profit (loss is represented by “-”) | -1,056,898,251.79 | -460,638,287.56 |
| Total equity attributable to owners | ||
| or shareholders’ equity) of the Company | 3,420,961,182.66 | 4,017,221,146.89 |
| Minority interests | 460,652,192.96 | 356,926,246.82 |
| Total owners’ equity (or shareholders’ equity) | 3,881,613,375.62 | 4,374,147,393.71 |
| Total liabilities and owners’ equity (or | ||
| shareholders’ equity) | 13,564,036,427.17 | 12,305,210,394.10 |
Person-in-charge of
the Company:
Xie Jun
Person-in-charge of
accounting function of
the Company
Chen Hongzhao
Person-in-charge of
accounting institution
Li Xuejiao
Consolidated Income Statement
January – September 2025
Prepared by: Triumph New Energy Company Limited
Unit: Yuan Currency: RMB Type of audit: unaudited
| Item | First three quarters of 2025 (January to September) | First three quarters of 2024 (January to September) | |
|---|---|---|---|
| I. | Total operating revenue | 2,676,772,262.21 | 3,694,749,184.35 |
| Including: Operating revenue | 2,676,772,262.21 | 3,694,749,184.35 | |
| II. | Total operating cost | 3,375,320,256.35 | 4,000,184,026.97 |
| Including: Operating costs | 3,037,933,617.67 | 3,621,623,027.74 | |
| Taxes and surcharges | 33,743,825.43 | 29,880,684.57 | |
| Selling expenses | 5,710,490.85 | 15,766,696.92 | |
| Administrative expenses | 111,347,336.17 | 105,658,371.38 | |
| R&D expenses | 101,804,713.18 | 160,264,727.82 | |
| Finance expenses | 84,780,273.05 | 66,990,518.54 | |
| Including: Interest expenses | 82,145,963.73 | 68,577,077.06 | |
| Interest income | 2,401,014.08 | 2,566,099.81 | |
| Add: Other income | 75,682,901.96 | 48,263,138.69 | |
| Investment income (loss is represented by “-”) | -7,830,692.96 | -7,925,880.02 | |
| Credit impairment losses (loss is represented by “-”) | -89,122,918.06 | -903,639.42 | |
| Impairment losses on assets (loss is represented by “-”) | 69,477,999.32 | -25,544,559.17 | |
| Gains on disposal of assets | 24,233.88 | 3,631,178.85 | |
| III. | Operating profit (loss is represented by “-”) | -650,316,470.00 | -287,914,603.69 |
| Add: Non-operating income | 683,139.26 | 143,159.54 | |
| Less: Non-operating expenses | 6,461.95 | 536,947.54 | |
| IV. | Total profit (total loss is represented by “-”) | -649,639,792.69 | -288,308,391.69 |
| Less: Income tax expenses (profit is represented by “-”) | 1,931,164.45 | -34,223,372.02 |
- 14 -
- 15 -
| Item | First three quarters of 2025 (January to September) | First three quarters of 2024 (January to September) |
|---|---|---|
| V. Net profit (net loss is represented by “-”) | -651,570,957.14 | -254,085,019.67 |
| (I) Classification of business operation | ||
| 1. Net profit from continuing operations (net loss is represented by “-”) | -651,570,957.14 | -254,085,019.67 |
| 2. Net profit from discontinued operations | - | - |
| (II) Classification of ownership | ||
| 1. Net profit attributable to the shareholders of the Company (net loss is represented by “-”) | -596,259,964.22 | -247,291,596.56 |
| 2. Minority interests (net loss is represented by “-”) | -55,310,992.92 | -6,793,423.11 |
| VI. Other comprehensive income after tax | - | - |
| (I) Other comprehensive income (net of tax) attributable to the owners of the Company | - | - |
| (II) Other comprehensive income (net of tax) attributable to minority shareholders | - | - |
| VII. Total comprehensive income (total loss is represented by “-”) | -651,570,957.14 | -254,085,019.67 |
| (I) Total comprehensive income attributable to the owners of the Company (total loss is represented by “-”) | -596,259,964.22 | -247,291,596.56 |
| (II) Total comprehensive income attributable to minority shareholders (total loss is represented by “-”) | -55,310,992.92 | -6,793,423.11 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share (RMB/share) (loss is represented by “-”) | -0.92 | -0.38 |
| (II) Diluted earnings per share (RMB/share) (loss is represented by “-”) | -0.92 | -0.38 |
Person-in-charge of the Company: Xie Jun
Person-in-charge of accounting function of the Company: Chen Hongzhao
Person-in-charge of accounting institution: Li Xuejiao
Consolidated Cash Flow Statement
January – September 2025
Prepared by: Triumph New Energy Company Limited
Unit: Yuan Currency: RMB Type of audit: unaudited
| Item | First three quarters of 2025 (January to September) | First three quarters of 2024 (January to September) |
|---|---|---|
| I. Cash flows from operating activities: | ||
| Cash received from sales of goods or rendering of services | 1,588,282,134.19 | 3,186,058,950.62 |
| Tax refunds received | 16,388,640.25 | 131,925,294.08 |
| Other cash received from activities related to operation | 103,090,141.51 | 109,601,773.87 |
| Sub-total of cash inflows from operating activities | 1,707,760,915.95 | 3,427,586,018.57 |
| Cash paid for purchase of goods and services rendered | 1,986,983,408.86 | 3,067,293,757.37 |
| Cash paid to and on behalf of employees | 250,972,381.09 | 302,773,038.63 |
| Tax payments | 47,062,523.60 | 87,284,154.34 |
| Other cash paid for activities related to operation | 158,553,353.98 | 50,252,202.69 |
| Sub-total of cash outflow from operating activities | 2,443,571,667.53 | 3,507,603,153.03 |
| Net cash flow from operating activities | -735,810,751.58 | -80,017,134.46 |
- 16 -
| Item | First three quarters of 2025 (January to September) | First three quarters of 2024 (January to September) |
|---|---|---|
| II. Cash flow from investment activities: | ||
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 263,300.00 | 30,418,228.48 |
| Other cash receipts relating to investing activities | 2,249,207.62 | – |
| Sub-total of cash inflows from investing activities | 2,512,507.62 | 30,418,228.48 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 331,105,038.24 | 385,656,846.07 |
| Sub-total of cash outflow from investment activities | 331,105,038.24 | 385,656,846.07 |
| Net cash flow from investment activities | –328,592,530.62 | –355,238,617.59 |
| III. Cash flows from financing activities: | ||
| Cash received from absorbing investments | 156,780,000.00 | – |
| Including: cash receipts from minorities making investment in subsidiaries | 156,780,000.00 | – |
| Cash receipts from borrowings | 2,810,690,192.54 | 1,850,836,884.64 |
| Other cash received from financing-related activities | 256,239,547.23 | 114,758,626.77 |
| Sub-total of cash inflows from financing activities | 3,223,709,739.77 | 1,965,595,511.41 |
| Cash paid for repayment of loans | 1,949,194,856.43 | 1,224,814,253.74 |
| Cash paid for distribution of dividends and profits or for interest expenses | 94,224,769.61 | 85,152,688.08 |
| Other cash paid for financing-related activities | 83,357,452.69 | 130,885,148.92 |
| Sub-total of cash outflow from financing activities | 2,126,777,078.73 | 1,440,852,090.74 |
| Net cash flow from financing activities | 1,096,932,661.04 | 524,743,420.67 |
– 18 –
| Item | First three quarters of 2025 (January to September) | First three quarters of 2024 (January to September) |
|---|---|---|
| IV. Effect of changes in exchange rate on cash and cash equivalents | 133,642.48 | 1,575,154.89 |
| V. Net increase in cash and cash equivalents | 32,663,021.32 | 91,062,823.51 |
| Add: Opening balance of cash and cash equivalents | 130,564,767.60 | 229,156,744.65 |
| VI. Closing balance of cash and cash equivalents | 163,227,788.92 | 320,219,568.16 |
Person-in-charge of the Company: Xie Jun
Person-in-charge of accounting function of the Company: Chen Hongzhao
Person-in-charge of accounting institution: Li Xuejiao
Adjustments to financial statements at the beginning of the year upon initial adoption of new accounting standards or interpretation of standards since 2025
☐ Applicable ☑ Not Applicable
By order of the Board
Triumph New Energy Company Limited
Xie Jun
Chairman
Luoyang, the PRC
30 October 2025
As at the date of this announcement, the Board comprises four executive Directors: Mr. Xie Jun, Mr. Zhang Rong, Mr. Chen Peng and Mr. He Qingbo; two non-executive Directors: Ms. Wu Dan and Mr. Yang Jianqiang; and three independent non-executive Directors: Mr. Fan Baoqun, Mr. Chen Qisuo and Ms. Yuan Jian.