2026 Third Quarterly Report
Important Notice:The board of directors, directors, and senior management warrant the truthfulness, accuracy and completeness of the contents of this quarterly report and that there is no false representation, misleading statements contained herein or material omission of this quarterly report, for which they will assume joint and several liabilities.
The person in charge of the Company, the responsible person for accounting work, and the person in charge of the accounting department (the principal officer of accounting), hereby warrant that the financial statements contained in this quarterly report are true, accurate and complete.
Whether the third financial accounting quarterly report is audited or not
□Yes ☑ No
-
MAJOR FINANCIAL DATA
-
Major Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate accounting data from previous years
□Yes ☑ No
Items
This reporting period
Increase/decrease in this reporting period as compared with the same period last year
From the beginning of the year to the end of reporting period
Increase/decrease from the beginning of the year to the end of reporting period as compared with the same
period last year
Operating income (Yuan)
2,328,201,400.76
64.07%
6,074,425,820.86
50.79%
Net profit attributable to shareholders of the listed company (Yuan)
156,448,795.29
696.08%
430,302,260.71
1,221.81%
Net profit attributable to shareholders of the listed company after deducting non-recurring profits and losses (Yuan)
176,198,443.53
705.69%
425,260,692.25
6,572.64%
Net cash flow from operating activities (Yuan)
-
-
828,698,950.19
166.66%
Basic earnings per share (Yuan/share)
0.169
703.57%
0.465
1,228.57%
Diluted earnings per share (Yuan/share)
0.169
703.57%
0.465
1,228.57%
Weighted average return on net assets
5.16%
Increase by 6.13 percentage points
14.91%
Increase by 13.70
percentage points
Items
At the end of this reporting period
At the end of the previous year
Increase / decrease at the end of this reporting period compared to the end of the previous year
Total assets (Yuan)
13,186,390,746.26
11,215,467,046.58
17.57%
Net assets attributable to shareholders of the listed company (Yuan)
3,115,343,734.43
2,671,765,055.73
16.60%
-
Non-recurring profit and loss items and amounts
☑ Applicable □Not applicable
Unit: yuan
Items
Amounts for the reporting period
Amounts for the period from the beginning of the year to the end of the reporting period
Notes
Profits and losses from disposal of non-current assets (including the writing-off part of the assets with impairment provision withdrawn)
-24,941,779.08
-39,280,682.09
Government subsidies included in the current profits and losses (except for those closely related to the Company's normal business operations, in compliance with national policies and regulations, enjoyed according to the determined standards, and have a continuous impact on the Company's profits and losses)
9,607,288.13
33,369,756.44
The profits and losses from changes in fair value arising from the holding of financial assets and financial liabilities as well as the profits and losses arising from the disposal of financial assets and financial liabilities by non-financial enterprises, except for the effective hedging business related to the normal operation of the Company.
-13,476,309.78
1,156,429.24
Non-operating income and expenses other than those mentioned
above
2,053,246.14
4,243,687.44
Less: amount impacted of income tax
-4,770,031.39
-6,789,581.01
Amount impacted of minority shareholders' equity (after tax)
-2,237,874.96
1,237,203.58
Total
-19,749,648.24
5,041,568.46
--
Specific situation of other profit and loss items that satisfy the definition of non-recurring profit and loss:
□Applicable ☑ Not applicable
There was no specific situation of other profit and loss items that satisfy the definition of non-recurring profit and loss in the Company. Explanation of the circumstances in which the non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure by Public Issuers of Securities -- Non-recurring Profit and Loss Items (《公开发行证券的公司信息披露解
释性公告第 1 号--非经常性损益》) are defined as recurring profit and loss items.
□Applicable ☑ Not applicable
There was no circumstance of non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure by Public Issuers of Securities - Non-recurring Profit and Loss Items are defined as recurring profit and loss items in the Company.
-
Changes in major accounting data and financial indicators and reasons for such changes
☑Applicable □ Not applicable
- Explanation of reasons for changes in balance sheet items exceeding 30%
Items
Percentage change
Reasons for change
Cash and bank
194.94%
Attributable to a year-on-year increase in net cash inflows from operating activities during the Reporting Period;
Financial assets held for trading
-83.53%
Attributable to a decrease in the fair value of derivative positions held for hedging purposes at the end of the Reporting Period as compared with the end of the previous period;
Notes receivable
-46.04%
Attributable to a relatively large number of endorsed notes receivable that matured during the Reporting Period;
Accounts receivable
61.62%
Attributable to an increase in sales revenue during the Reporting Period;
Receivables financing
89.60%
Attributable to an increase in settlement by notes during the Reporting Period;
Items
Percentage change
Reasons for change
Prepayments
94.35%
Attributable to an increase in the scale of operations and a corresponding increase in prepayments for raw materials during the Reporting Period;
Other receivables
363.76%
Attributable to the fact that the current account receivables expected to be recoverable from the compulsory liquidation of the subsidiary Chongqing Yongyuansheng and the advances accounted for on an agency basis in respect
of the entrusted purchase of assets had not yet been settled during the Reporting Period.
Other current assets
-67.02%
Attributable to a decrease in input VAT pending certification during the Reporting Period;
Right of use assets
56.00%
Attributable to lease payments made for the renewal of an expired lease during the Reporting Period;
Other non-current assets
126.94%
Attributable to an increase in prepayments for construction projects during the Reporting Period;
Financial liabilities held for trading
853.15%
Attributable to a decrease in the fair value of derivative positions held for hedging purposes at the end of the Reporting Period as compared with the end of the previous period;
Notes payable
62.88%
Attributable to an increase in settlement by notes during the Reporting Period;
Contractual liabilities
357.81%
Attributable to an increase in advance receipts from customers during the Reporting Period;
Employee benefits payable
-40.98%
Attributable to the payment of year-end bonuses for the previous year during the Reporting Period;
Taxes payable
145.26%
Attributable to an increase in corporate income tax and VAT payable during the Reporting Period;
Other payables
-80.45%
Attributable to the repayment of temporary borrowings during the Reporting Period;
Lease liabilities
80.59%
Attributable to an increase in unpaid lease payments during the Reporting Period;
Long-term payables
153.41%
Attributable to an increase in finance leases during the Reporting Period.
-
Explanation of reasons for changes in income statement items exceeding 30%
Items
Percentage change
Reasons for change
Operating income
50.79%
Attributable to a substantial increase in sales of lithium battery products during the Reporting Period;
Operating costs
35.74%
Attributable to a corresponding increase in costs in line with the substantial increase in sales of lithium battery products during the Reporting Period;
R&D expenses
30.21%
Attributable to an increase in R&D materials input resulting from rising prices of R&D materials for lithium batteries during the Reporting Period;
Financial expenses
103.82%
Attributable to a corresponding increase in interest expenses resulting from the expanded financing scale during the Reporting Period, together with a year-on-year increase in exchange losses affected by exchange rate fluctuations;
Income from investment
-234.47%
Attributable to an investment loss arising from the compulsory liquidation of Chongqing Yongyuansheng during the Reporting Period;
Gains from changes in fair value
-364.21%
Attributable to changes in futures market prices during the Reporting Period;
Credit impairment loss
-1,969.09%
Attributable to a corresponding increase in provisions for bad debts in line with the increase in accounts receivable and other receivables at the end of the
Reporting Period;
Asset impairment loss
-100.00%
Attributable to the reversal and write-off of inventory write-downs during the same period of the previous year;
Gains from disposal of assets
-366.60%
Attributable to an increase in losses on disposal of fixed assets during the Reporting Period;
Non-operating income
-67.84%
Attributable to a relatively large amount of long-outstanding accounts payable written off during the same period of the previous year, with a corresponding decrease in the current period;
Income tax expense
13,707.69%
Attributable to an increase in income tax expense accrued in line with the increase in profit during the Reporting Period;
Net profit
1,381.62%
Attributable to an increase in profits from the lithium battery business during the Reporting Period.
- Explanation of reasons for changes in cash flow statement items exceeding 30%
- Explanation of reasons for changes in balance sheet items exceeding 30%
Items
Percentage change
Reasons for change
Net cash flow from operating activities
166.66%
Attributable to an increase in net profit and an increase in contract liabilities of the lithium battery segment during the Reporting Period;
Net cash flow from investing activities
-82.49%
Attributable to an increase in investment in the Inner Mongolia Yongtai project and others during the Reporting Period;
Net cash flow from financing activities
621.48%
Attributable to an increase in borrowings received during the Reporting Period.
-
Major Accounting Data and Financial Indicators
-
SHAREHOLDER INFORMATION
(I)Table of the total number of ordinary shareholders and number of preference shareholders with voting rights restored and shareholdings of the top 10 shareholders
Unit: Share
Total number of ordinary shareholders as at the end of the reporting period
127,998
Total number of preference shareholders with voting rights restored as at the end of the reporting period (if any)
Nil
Shareholdings of the top 10 shareholders(excluding the shares lent through refinancing)
Name of shareholder
Nature of shareholders
Percentage of shareholding
Number of shares held
Number of shares held subject to selling restrictions
Shares pledged, marked or frozen
Status of shares
Quantity
Wang Yingmei
Domestic natural person
15.59%
144,248,400
108,186,300
Pledge
53,553,551
He Renbao
Domestic natural person
12.04%
111,400,000
0
Pledge
40,000,000
Zhejiang Yongtai Holdings
Co., Ltd.
Domestic non-state-
owned legal person
1.39%
12,887,500
0
Pledge
12,887,500
Hong Kong Securities
Clearing Co., Ltd.
Overseas legal person
1.34%
12,433,423
0
Not
applicable
0
Shanghai Axing Investment Management Co., Ltd. -Axing Gezhi No.12 Private
Equity Investment Fund
Others
0.49%
4,530,000
0
Not applicable
0
Ma Zhe
Domestic natural person
0.38%
3,487,200
0
Not applicable
0
Goldman Sachs International - Own Funds
Overseas legal person
0.36%
3,329,336
0
Not applicable
0
Chen Jianxin
Domestic natural person
0.33%
3,012,900
0
Not
applicable
0
Chen Yingyin
Domestic natural person
0.27%
2,510,025
0
Not
applicable
0
Zhang Wangbin
Domestic natural person
0.26%
2,400,000
0
Not
applicable
0
Shareholdings of the top 10 shareholders not subject to selling restrictions(excluding shares lent through refinancing, shares held by senior management under lock-up)
Name of shareholders
Number of circulating shares held not subject to sales restrictions
Type and number of shares
Type of shares
Quantity
He Renbao
111,400,000
RMB denominated ordinary shares
111,400,000
Wang Yingmei
36,062,100
RMB denominated ordinary shares
36,062,100
Zhejiang Yongtai Holdings Co., Ltd.
12,887,500
RMB denominated ordinary shares
12,887,500
Hong Kong Securities Clearing Co., Ltd.
12,433,423
RMB denominated ordinary shares
12,433,423
Shanghai Axing Investment Management Co., Ltd. -Axing Gezhi No.12 Private Equity Investment Fund
4,530,000
RMB denominated ordinary shares
4,530,000
Ma Zhe
3,487,200
RMB denominated ordinary shares
3,487,200
Goldman Sachs International - Own Funds
3,329,336
RMB denominated ordinary shares
3,329,336
Chen Jianxin
3,012,900
RMB denominated ordinary shares
3,012,900
Chen Yingyin
2,510,025
RMB denominated ordinary shares
2,510,025
Zhang Wangbin
2,400,000
RMB denominated ordinary shares
2,400,000
Explanation on the related relationship or concerted action of the above-mentioned shareholders
Mr. He Renbao, Ms. Wang Yingmei, Zhejiang Yongtai Holdings Co., Ltd. and Shanghai Axing Investment Management Co., Ltd. - Axing Gezhi No.12 Private Equity Investment Fund are parties acting in concert. Among them, Mr. He Renbao and Ms. Wang Yingmei are spouses, who collectively held 100% equity interest in Zhejiang Yongtai Holdings Co., Ltd., and Mr. He Kuang, the son of Mr. He Renbao and Ms. Wang Yingmei, held 100% equity interest in Shanghai Axing Investment Management Co., Ltd. - Axing Gezhi No.12 Private Equity Investment Fund.
Moreover, the Company is not aware of any related relationship among other shareholders or whether they
are parties acting in concert.
Explanation on the top ten shareholders participating in securities margin trading business (if any)
4,530,000 shares were held by Shanghai Axing Investment Management Co., Ltd. - Axing Gezhi No.12 Private Equity Investment Fund through an investor credit securities account;3,039,000 shares were held by Ma Zhe through an investor credit securities account; 2,510,025 shares were held by Chen Yingyin through an investor credit securities account; 1,700,000 shares were held by Zhang Wangbin through an
investor credit securities account.
Participation in securities lending by shareholders holding more than 5%, the top 10 shareholders, and the top 10 unrestricted circulating shareholders
Applicable ☑ Not applicable
Changes among the top 10 shareholders and the top 10 unrestricted circulating shareholders due to securities lending/repayment compared to the previous period
Applicable ☑ Not applicable
□Applicable ☑ Not applicable
-
OTHER IMPORTANT MATTERS
☑Applicable □ Not applicable
During the Reporting Period, the Company processed the unlocking matters for 294 participants of the restricted shares incentive scheme who met the conditions for the second unlocking period of the 2024 Restricted Shares Incentive Scheme. The 3,226,008 restricted shares eligible for unlocking were listed for trading on 30 July 2026. Meanwhile, the Company repurchased and canceled 307,992 restricted shares that did not meet the unlocking conditions during the second unlocking period of the 2024 Restricted Shares Incentive Scheme. For details, please refer to the relevant announcements published by the Company on 18 July 2026, 29 July 2026, and 27 August 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily and Cninfo (http://www.cninfo.com.cn).
During this reporting period, the company selected WUYIGE Certified Public Accountants LLP. as the audit firm for the year 2026. For details, please refer to the relevant announcement published by the Company on 11 August 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and Cninfo (http://www.cninfo.com.cn).
During the Reporting Period, the Company's wholly-owned subsidiary Inner Mongolia Yongtai Chemical Co., Ltd. commenced trial production of its 6,666.6-ton-per-year VC (vinylene carbonate) project on August 15, 2026. With this newly added capacity put into operation, the Company's total VC capacity will reach 16,666.6 tons per year.For details, please refer to the relevant announcement published by the Company on 18 August 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and Cninfo (http://www.cninfo.com.cn).
During the Reporting Period, in line with its strategic development plan and the needs of future business development, the Company's wholly-owned subsidiary, Zhejiang Yongtai New Energy Materials Co., Ltd., invested RMB 100 million of self-raised funds to establish its wholly-owned subsidiary, Fujian Yongtai New Energy Technology Co., Ltd. For details, please refer to the relevant announcement published by the Company on 18 September 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and Cninfo (http://www.cninfo.com.cn).
- QUARTERLY FINANCIAL STATEMENTS
-
Financial Statements
Consolidated Balance Sheet
Prepared by: Zhejiang Yongtai Technology Co., Ltd.
30 September 2026
Unit: yuan
Item
Period-ending balance
Balance at the beginning of the period
Current assets:
Cash and bank
1,248,827,736.15
423,412,552.85
Deposit reservation for balance
Lending funds
Financial assets held for trading
1,206,880.00
7,329,373.65
Derivative financial assets
Notes receivable
193,556,725.11
358,677,475.83
Accounts receivable
2,335,888,391.72
1,445,257,530.40
Receivables financing
47,513,493.55
25,059,585.66
Prepayments
162,009,350.24
83,361,322.60
Premium receivable
Reinsurance receivables
Reinsurance contract reserves receivable
Other receivables
171,631,219.76
37,008,345.80
Of which: Interest receivable
Dividend receivable
Purchase of resale financial assets
Inventories
1,288,837,753.36
1,107,788,659.76
Of which: Data resources
Item
Period-ending balance
Balance at the beginning of the period
Contract assets
Assets held for sale
599,943.92
599,943.92
Non-current assets due within one year
Other current assets
44,151,657.89
133,858,413.45
Total current assets
5,494,223,151.70
3,622,353,203.92
Non-current assets:
Loans and advances issued
Debt investment
Other debt investments
Long-term receivables
Long-term equity investment
268,270,289.39
254,383,993.38
Investment in other equity instruments
84,071,111.51
84,071,111.51
Other non-current financial assets
Investment properties
16,539,932.39
17,448,766.61
Fixed assets
3,865,550,028.46
3,908,728,868.31
Construction in progress
1,638,653,555.68
1,599,879,666.64
Productive biological assets
Oil and gas assets
Right of use assets
4,417,950.67
2,832,079.11
Intangible assets
476,557,609.90
500,404,802.85
Of which: Data resources
Development expenditure
46,113,782.51
36,147,355.09
Of which: Data resources
Goodwill
600,936,834.86
600,936,834.86
Long-term deferred expenses
14,294,949.26
12,379,102.18
Deferred income tax assets
443,901,169.23
473,292,915.76
Other non-current assets
232,860,380.70
102,608,346.36
Total non-current assets
7,692,167,594.56
7,593,113,842.66
Total assets
13,186,390,746.26
11,215,467,046.58
Current liabilities:
Short-term loan
2,990,580,222.16
2,303,099,403.93
Borrowings from the Central Bank
Borrowing funds
Financial liabilities held for trading
14,564,860.00
1,528,080.00
Derivative financial liabilities
Notes payable
601,210,796.44
369,115,147.42
Accounts payable
1,730,965,308.02
1,505,751,100.52
Item
Period-ending balance
Balance at the beginning of the period
Advance from customers
Contractual liabilities
351,663,237.01
76,813,885.07
Financial assets sold for repurchase
Savings absorption and interbank deposits
Acting trading securities
Acting underwriting securities
Employee benefits payable
41,422,193.88
70,183,008.22
Taxes payable
115,159,567.48
46,953,633.29
Other payables
75,998,319.39
388,834,740.86
Of which: Interest payable
Dividend payable
Handling charges and commissions payable
Accounts payable reinsurance
Liabilities held for sale
Non-current liabilities due within one year
1,424,154,305.10
1,547,959,984.76
Other current liabilities
1,089,845,911.99
957,631,582.03
Total current liabilities
8,435,564,721.47
7,267,870,566.10
Non-current liabilities:
Provision for insurance contracts
Long-term loan
1,051,201,800.08
814,215,058.63
Bonds payable
Of which: Preferred shares
Perpetual debt
Lease liabilities
1,965,457.27
1,088,336.12
Long-term payables
191,781,092.28
75,679,981.11
Long-term remuneration payable to employees
Provisions
Deferred revenue
197,141,841.42
179,216,244.68
Deferred income tax liabilities
6,093,687.67
6,666,547.96
Other non-current liabilities
Total non-current liabilities
1,448,183,878.72
1,076,866,168.50
Total liabilities
9,883,748,600.19
8,344,736,734.60
Owner's equity:
Share Capital
925,127,636.00
925,127,636.00
Other equity instruments
Item
Period-ending balance
Balance at the beginning of the period
Of which: Preferred shares
Perpetual debt
Capital reserves
717,906,733.81
710,190,044.59
Less: treasury shares
29,050,800.00
29,721,600.00
Other comprehensive incomes
21,715,377.82
18,459,093.57
Special reserves
11,585,823.20
9,953,178.68
Surplus reserves
218,347,987.76
218,347,987.76
General risk provision
Retained earnings
1,249,710,975.84
819,408,715.13
Total owner's equity attributable to the parent company
3,115,343,734.43
2,671,765,055.73
Equity of minority shareholders
187,298,411.64
198,965,256.25
Total owner's equity
3,302,642,146.07
2,870,730,311.98
Total liabilities and owner's equity
13,186,390,746.26
11,215,467,046.58
Legal representative: Wang Yingmei Person in charge of accounting work:Ying Yangfeng Head of accounting agency: Ni Xiaoyan
-
Consolidated income statement from the beginning of the year to the end of the reporting period
Unit: yuan
Item
Amount incurred in the current period
Incurred amount during the previous period
I. Total operating income
6,074,425,820.86
4,028,351,143.34
Of which: Operating income
6,074,425,820.86
4,028,351,143.34
Interest income
Premium earned
Incomes for handling charges and commissions
II. Total operating cost
5,462,674,694.17
4,068,933,012.77
Of which: Operating costs
4,547,402,762.46
3,350,061,753.52
Interest expenses
Expenditures for handling charges and commissions
Surrender value
Net amount of compensation expenses
Net insurance liability reserve withdrawn
Policyholder dividend expense
Reinsurance expenses
Taxes and surcharges
27,276,945.88
24,775,785.79
Marketing expenses
81,419,795.35
94,202,852.56
Management expenses
453,912,750.69
395,115,121.38
R&D expenses
114,468,275.56
87,910,255.15
Item
Amount incurred in the current period
Incurred amount during the previous period
Financial expenses
238,194,164.23
116,867,244.37
Of which: Interest expense
179,192,778.80
112,143,065.91
Interest income
2,937,678.04
6,708,477.94
Plus: Other income
32,869,756.44
31,595,110.43
Income from investment (loss expressed with "-")
-23,310,033.68
17,334,928.52
Of which: investment benefits to the associated enterprise and joint venture
7,038,962.43
10,484,462.82
Income from derecognition of financial assets measured at amortized cost
Exchange gain (loss expressed with "-")
Net exposure hedging income (loss expressed with
"-")
Gains from changes in fair value (loss expressed with "-")
-3,521,160.63
-758,533.70
Credit impairment loss (loss expressed with "-")
-50,043,966.90
2,677,446.17
Asset impairment loss (loss expressed with "-")
5,550,999.97
Gains from disposal of assets (loss expressed with
"-")
-1,386,339.93
-297,115.01
III. Operating profit (loss expressed with "-")
566,359,381.99
15,520,966.95
Plus: non-operating income
7,181,785.20
22,333,178.32
Less: non-operating expenses
5,337,922.89
6,664,758.47
IV. Total profit (total loss expressed with "-")
568,203,244.30
31,189,386.80
Less: income tax expense
118,849,491.46
860,748.41
V. Net profit (net loss expressed with "-")
449,353,752.84
30,328,638.39
(I) Classification by business continuity
1. Net profit from continuing operations (net loss expressed with "-")
463,637,886.56
23,663,209.70
2. Net profit from discontinued operations (net loss expressed with "-")
-14,284,133.72
6,665,428.69
(II) Classification by ownership
1. Net profit attributable to shareholders of the parent
company (net loss expressed with "-")
430,302,260.71
32,553,949.59
2. Non-controlling interests' profit and loss (net loss
expressed with "-")
19,051,492.13
-2,225,311.20
VI. Net after-tax amount of other comprehensive incomes
3,256,284.25
1,111,276.50
Net after-tax amount of other comprehensive income
attributable to the owner of the parent company
3,256,284.25
1,111,276.50
(I) Other comprehensive incomes not to be
reclassified into profits and losses
1. Remeasurement of changes in defined benefit
plans
2. Other comprehensive income that cannot be
transferred to profits and losses under equity method
3. Changes in fair value of other equity instrument investments
Item
Amount incurred in the current period
Incurred amount during the previous period
4. Changes in fair value of enterprise's own credit
risk
5. Others
(II) Other comprehensive incomes to be reclassified into profits and losses
3,256,284.25
1,111,276.50
1. Other comprehensive income that can be transferred to profits and losses under equity method
2. Changes in fair value of other debt investments
3. Amount of financial assets reclassified into other comprehensive income
4. Provision for credit impairment of other debt investments
5. Cash flow hedging reserve
6. The balance arisen from the translation of foreign currency financial statements
3,256,284.25
1,111,276.50
7. Others
Net after-tax amount of other comprehensive income
attributable to minority shareholders
VII. Total comprehensive income
452,610,037.09
31,439,914.89
(I)Total comprehensive incomes attributable to the
parent company's owners
433,558,544.96
33,665,226.09
(II)Total comprehensive incomes attributable to
minority shareholders
19,051,492.13
-2,225,311.20
VIII. Earnings per share:
(I) Basic earnings per share
0.465
0.035
(II) Diluted earnings per share
0.465
0.035
In the event of a business combination under the same control during the current period, the net profit realized by the party to be combined before the combination was: RMB0.00, and the net profit realized by the party to be combined during the previous period was: RMB0.00.
Legal representative: Wang Yingmei Person in charge of accounting work:Ying Yangfeng Head of accounting agency: Ni Xiaoyan
-
Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: yuan
Item
Amount incurred in the current period
Incurred amount during the previous period
I. Cash flow from operating activities:
Cash received from sales of goods or rendering of
labor services
3,474,767,667.57
2,276,109,591.54
Net increase in customer bank deposits and interbank deposits
Net increase in borrowing from the Central Bank
Net increase in loans from other financial institutions
Cash received from premiums obtained from original insurance contracts
Net cash received from reinsurance business
Item
Amount incurred in the current period
Incurred amount during the previous period
Net increase of policy holder deposits and investment funds
Cash received from interests, handling charges
and commissions
Net increase in borrowing funds
Net increase in repurchase business capital
Net cash received from agency purchases and sales of securities
Refunds of taxes
105,880,110.29
130,482,678.90
Other cash received related to operating activities
117,319,671.43
56,507,717.62
Sub-total of cash inflows from operating activities
3,697,967,449.29
2,463,099,988.06
Cash paid for goods and services
1,967,700,382.20
1,359,536,913.16
Net increase in customer loans and advances
Net increase of deposits in the Central Bank and other financial institutions
Cash payments for original insurance contract claims
Net increase in lending funds
Cash payments for interests, handling charges and commissions
Cash payments for the policyholder dividends
Cash paid to and on behalf of employees
361,075,482.01
350,471,875.41
All types of taxes paid
113,895,116.45
79,626,823.46
Other cash payments related to operating activities
426,597,518.44
362,694,998.93
Sub-total of cash outflows from operating activities
2,869,268,499.10
2,152,330,610.96
Net cash flow from operating activities
828,698,950.19
310,769,377.10
II. Cash flow from investment activities:
Cash received from investment recovery
17,256,941.00
Cash received from returns on investments
4,645,509.12
3,628,643.07
Net cash received from disposal of fixed assets,
intangible assets & other long-term assets
99,722.00
58,735.54
Net cash received from the disposal of
subsidiaries and other business entities
Other cash received relating to investment
activities
Sub-total of cash inflows from investment activities
4,745,231.12
20,944,319.61
Cash paid to acquire fixed assets, intangible assets
& other long-term assets
659,344,167.17
380,238,842.19
Cash paid to acquire investments
12,452,360.00
6,230,000.00
Net increase in pledge loans
Net cash payments for the acquisition of subsidiaries and other business entities
Item
Amount incurred in the current period
Incurred amount during the previous period
Other cash payments related to investing activities
Sub-total of cash outflows from investment activities
671,796,527.17
386,468,842.19
Net cash flow from investing activities
-667,051,296.05
-365,524,522.58
III. Cash flow from financing activities:
Cash received from capital contributions
Of which: cash received from minority shareholders' investment in subsidiaries
Cash received from borrowings
3,735,617,090.63
2,451,866,849.90
Other cash received related to financing activities
863,844,000.00
255,435,200.00
Sub-total of cash inflows from financing activities
4,599,461,090.63
2,707,302,049.90
Cash payments for debt repayment
2,909,832,781.02
2,423,319,299.99
Cash payments for distributing dividends, profits or paying interest
188,842,219.86
127,973,711.64
Of which: share dividends and profits paid to minority shareholders by subsidiaries
Other cash payments related to financing activities
1,181,247,412.59
217,284,842.62
Sub-total of cash outflows from financing activities
4,279,922,413.47
2,768,577,854.25
Net cash flow from financing activities
319,538,677.16
-61,275,804.35
IV. Impact of currency fluctuation on cash and cash
equivalents
-12,015,017.95
7,115,829.30
V. Net increase in cash and cash equivalents
469,171,313.35
-108,915,120.53
Plus: Cash and cash equivalents balance at the beginning of the period
107,646,796.26
213,923,592.02
VI. Cash and cash equivalents balance at the end of
the period
576,818,109.61
105,008,471.49
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The information of the adjusting items related to the financial statements at the beginning of the year of first implementation due to the first implementation of new accounting standards from 2026.
Adjustment description
□Applicable ☑ Not applicable
- Audit Report
Whether the third financial accounting quarterly report is audited or not
□Yes ☑No
The third financial accounting quarterly report was not audited.
Board of Directors Zhejiang Yongtai Technology Co., Ltd.
Date of approval for reporting by the Board of Directors: 16 October 2026