中信建投证券股份有限公司 关于 北京京城机电股份有限公司 2023 年限制性股票 激励计划第一个解除限售期解除限售条件成就 之 独立财务顾问报告 独立财务顾问 第一节 释义 本报告中，除非文意另有所指，下列简称具有如下含义： | 本独立财务顾问报 | | 《中信建投证券股份有限公司关于北京京城机电股份有限公司 | | --- | --- | --- | | 告、本报告 | 指 | 2023 年限制性股票激励计划第一个解除限售期解除限售条件成 | | | | 就之独立财务顾问报告》 | | 独立财务顾问 | 指 | 中信建投证券股份有限公司 | | 京城股份、上市公 | 指 | 北京京城机电股份有限公司 | | 司、公司 | | | | 本次限制性股票激励 计划、本激励计划、 | 指 | 北京京城机电股份有限公司 年限制性股票激励计划 2023 | | 本计划 | | | | 激励计划草案 | 指 | 《北京京城机电股份有限公司 年限制性股票激励计划 2023 | | | | （草案）》 | | 限制性股票 | 指 | 上市公司按照预先确定的条件授予激励对象一定数量的公司股 票，激励对象只有在工作年限或业绩目标 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于北京京城机电股份有限公司 2023 年限制性股票激励计划 首次授予第一个解除限售期解除限售条件成就的 法律意见书 康达法意字【2025】第 0569 号 二〇二五年十月 法律意见书 北京市康达律师事务所 关于北京京城机电股份有限公司 2023 年限制性股票激励计划 首次授予第一个解除限售期解除限售条件成就的法律意见书 康达法意字【2025】第 0569 号 致：北京京城机电股份有限公司 北京市康达律师事务所（以下简称" ...

北京京城机电股份有限公司 2025 年第三季度报告 证券代码：600860 证券简称：京城股份 北京京城机电股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人李俊杰先生、主管会计工作负责人冯永梅女士及会计机构负责人（会计主管人员）杨 月先生保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 401,015,623. ...

北京京城机电股份有限公司 章 程 2025 年【X】月修订 1 | 第一章 | 总则 3 | | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股份和注册资本 | 5 | | 第四章 | 减资和购回股份 | 6 | | 第五章 | 股票和股东名册 | 7 | | 第六章 | 股份转让 | 10 | | 第七章 | 股东的权利和义务 | 10 | | 第八章 | 股东会 | 14 | | 第九章 | 类别股东表决的特别程序 23 | | | 第十章 | 党委 | 24 | | 第十一章 | 董事会 | 25 | | 第十二章 | 独立非执行董事 | 30 | | 第十三章 | 公司董事会秘书 | 32 | | 第十四章 | 公司经理 | 33 | | 第十五章 | 公司董事、高级管理人员的资格和义务 34 | | | 第十六章 | 财务会计制度与利润分配和审计 37 | | | 第十七章 | 会计师事务所的聘任 | 40 | | 第十八章 | 劳动管理 | 41 | | 第十九章 | 工会组织 | 41 | | 第二十章 | 公司的合并与分立 | 41 | ...

股票代码：600860 股票简称：京城股份 编号：临 2025-049 北 京 京 城 机 电 股 份 有 限 公 司 BEIJING JINGCHENG MACHINERY ELECTRIC COMPANY LIMITED (在中华人民共和国注册成立之股份有限公司) 关于修订《公司章程》、《股东大会议事规则》、《董事会议事 规则》并取消监事会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 北京京城机电股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日， 召开第十一届董事会第十次会议，审议通过了《关于修订<公司章程>、<股东大 会议事规则>、<董事会议事规则>并取消监事会的议案》，现将有关情况公告如下： | 序 号 | 原《公司章程》条款 | 拟修订后《公司章程》条款 | | --- | --- | --- | | | 第二条 为维护公司、股东和债权人的 | 第二条 为维护公司、股东、职工和债 | | | 合法权益，规范公司的组织和行为，根据《公 | 权人的合法权益，规范公司的组织和行为， | | | ...

Core Viewpoint - The company reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges ahead [1] Financial Performance - The company achieved a revenue of 1.081 billion RMB for the first three quarters, representing a year-on-year decrease of 3% [1] - The net loss attributable to shareholders was 27.61 million RMB, with a basic loss per share of 0.05 RMB [1]

Core Viewpoint - The company reported a revenue of 401 million yuan for Q3 2025, reflecting a year-on-year increase of 9.55%, but incurred a net loss of 11.85 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 1.081 billion yuan, a decrease of 3.00% year-on-year, with a net loss of 27.61 million yuan [1] Revenue Performance - Q3 2025 revenue reached 401 million yuan, up 9.55% compared to the same period last year [1] - Year-to-date revenue for the first three quarters was 1.081 billion yuan, down 3.00% year-on-year [1] Profitability - The company reported a net loss of 11.85 million yuan for Q3 2025 [1] - Cumulative net loss for the first three quarters amounted to 27.61 million yuan [1] Business Challenges - The gas storage and transportation segment faced significant downward pressure on exports due to international trade frictions, leading to declines in both sales volume and profit [1] Investment in R&D - The company increased its investment in new product development and supply chain layout to enhance core competitiveness, resulting in a year-on-year rise in R&D expenses [1]

Core Viewpoint - The company reported a revenue of 401 million yuan for Q3 2025, reflecting a year-on-year increase of 9.55%, but incurred a net loss of 11.85 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 1.081 billion yuan, a decrease of 3.00% year-on-year, with a net loss of 27.61 million yuan [1] Revenue Performance - Q3 2025 revenue reached 401 million yuan, up 9.55% compared to the same period last year [1] - Year-to-date revenue for the first three quarters was 1.081 billion yuan, down 3.00% year-on-year [1] Profitability - The company reported a net loss of 11.85 million yuan for Q3 2025 [1] - Cumulative net loss for the first three quarters amounted to 27.61 million yuan [1] Business Challenges - The gas storage and transportation segment faced significant downward pressure on exports due to international trade frictions, leading to declines in both sales volume and profit for certain products [1] Investment in R&D - The company increased its investment in new product development and supply chain layout to enhance core competitiveness, resulting in a year-on-year rise in R&D expenses [1]

Financial Performance - Total revenue for Q3 2025 reached RMB 401,015,623.64, representing a year-on-year increase of 9.55%[7] - The net profit attributable to shareholders was a loss of RMB 11,854,518.21, with a total profit of RMB -4,562,540.32 for the quarter[7] - The basic and diluted earnings per share for the quarter were both -0.02 RMB[7] - The weighted average return on equity was -1.12% for the quarter, a decrease of 0.08% compared to the previous year[7] - Total operating revenue for the first three quarters of 2025 was CNY 1,081,359,385.64, a decrease of 2.1% compared to CNY 1,114,845,789.14 in the same period of 2024[28] - The net profit for the first three quarters of 2025 was a loss of CNY 26,455,880.13, compared to a loss of CNY 8,415,156.38 in the same period of 2024[29] - Basic and diluted earnings per share for the first three quarters of 2025 were both -0.05 RMB, compared to -0.03 RMB in the same period of 2024[31] - Total comprehensive income for the first three quarters of 2025 was -27,364,337.22 RMB, compared to -8,114,027.82 RMB in the same period of 2024, indicating a significant decline[31] Cash Flow and Assets - Cash flow from operating activities showed a significant increase, amounting to RMB 81,275,935.41, up 1,234.01% compared to the previous year[7] - As of September 30, 2025, the company's total current assets amount to RMB 1,751,793,984.15, an increase from RMB 1,470,064,248.64 as of December 31, 2024[23] - Cash and cash equivalents increased to RMB 736,363,672.13 from RMB 482,988,509.97[23] - Accounts receivable rose to RMB 520,918,618.93 compared to RMB 499,865,493.32 in the previous year[23] - The net cash flow from operating activities for the first three quarters of 2025 was -8,676,632.10 RMB, an improvement from -137,254,868.82 RMB in the same period of 2024[35] - Cash received from sales of goods and services increased to 755,035,363.98 RMB in the first three quarters of 2025, up from 707,372,287.52 RMB in 2024, reflecting a growth of approximately 6.7%[34] - The total net cash increase for the first three quarters of 2025 was 238,719,061.69 RMB, contrasting with a decrease of -119,451,319.54 RMB in the same period of 2024[36] - The cash outflow from operating activities totaled 862,706,808.90 RMB in the first three quarters of 2025, slightly lower than 870,588,579.75 RMB in 2024[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,171[14] - The largest shareholder, Beijing Jingcheng Machinery Holdings Co., Ltd., holds 44.88% of the shares, totaling 245,735,052 shares[15] - HKSCC Nominees Limited is the second-largest shareholder with 18.17%, holding 99,494,827 shares[15] Research and Development - Research and development expenses increased year-on-year as the company invested in enhancing core competitiveness and product development[13] - Research and development expenses increased to CNY 60,339,328.39 in the first three quarters of 2025, up from CNY 45,318,705.16 in 2024, reflecting a growth of 33.2%[28] Liabilities and Equity - Total assets at the end of the reporting period were RMB 3,332,242,347.54, reflecting a 7.96% increase from the previous year[8] - Equity attributable to shareholders decreased by 28.80%, totaling RMB 771,914,740.85 compared to RMB 1,084,156,625.22 at the end of the previous year[8] - Total liabilities as of September 30, 2025, amounted to CNY 1,940,280,183.15, an increase from CNY 1,674,456,080.34 at the end of 2024[26] - The total equity attributable to shareholders of the parent company decreased to CNY 771,914,740.85 as of September 30, 2025, from CNY 1,084,156,625.22 at the end of 2024[26] Corporate Actions and Events - The company plans to repurchase and cancel 180,000 restricted shares due to five individuals no longer meeting incentive criteria[18] - Tianhai Hydrogen Equipment Co., Ltd. will raise RMB 290 million through public offerings to diversify equity and enhance governance structure[19] - Tianhai Low Temperature Equipment Co., Ltd. is facing bankruptcy proceedings initiated by creditors due to inability to repay debts[21] - The company has established a dedicated account for the repurchase of restricted shares with the China Securities Depository and Clearing Corporation[18] - The company will continue to monitor the bankruptcy situation and comply with relevant disclosure obligations[21] - The company reported a significant increase in other income to CNY 14,907,449.23 in the first three quarters of 2025, compared to CNY 9,012,342.75 in 2024[29] - Long-term borrowings increased to CNY 152,337,500.00 as of September 30, 2025, up from CNY 133,350,000.00 at the end of 2024[26] - The company raised 290,000,000.00 RMB from investments in the first three quarters of 2025, with no corresponding figure reported for 2024[36]

Group 1: China's Economic Policy and Foreign Investment - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasized expanding high-level opening-up and creating a win-win cooperation environment, with a focus on maintaining a multilateral trade system and promoting international circulation [1] - By mid-2023, China had attracted a cumulative actual use of foreign capital amounting to $708.73 billion during the 14th Five-Year Plan period, with a year-on-year increase of 11.7% in newly established foreign-invested enterprises in the first half of 2025 [1][2] - The Ministry of Commerce reported that by the end of 2024, over 1.239 million foreign-invested enterprises had been established in China, with a cumulative actual use of foreign capital reaching 20.6 trillion yuan [2][6] Group 2: Multinational Corporations' Investments - Airbus inaugurated a second A320 series aircraft assembly line in Tianjin, which is expected to be fully operational by early 2026, reflecting the growing demand in the Chinese aviation market, projected to require 9,500 aircraft over the next 20 years [2][7] - Coca-Cola's recent financial report indicated a 14% increase in global sales of its sugar-free products, with the Asia-Pacific market being a significant growth driver [3] - Hilton Group opened the Waldorf Astoria Hotel in Shanghai, marking a milestone of over 888 hotels in China, and plans to double its hotel count in the country [5] Group 3: Industry Trends and Innovations - The report from the Ministry of Commerce indicated that high-tech sectors accounted for 43.7% of foreign investment in manufacturing by 2024, with foreign enterprises contributing nearly 50% to China's high-tech product exports [6][7] - The newly established Coca-Cola factory in Zhengzhou features advanced automation technologies, including a "smart robot picking" system, enhancing operational efficiency [6] - Boston Scientific launched its first manufacturing base in China, aiming to provide innovative medical products and strengthen local supply chains [8]