Core Viewpoint - The company has completed the registration of its 2025 restricted stock incentive plan, granting 4.9312 million shares to 73 participants at a price of 5.66 yuan per share [1][2][5]. Summary by Sections Restricted Stock Grant Details - Grant date for the restricted stock is October 16, 2025 [2]. - Total number of restricted shares granted is 4.9312 million [3]. - Number of participants receiving the grant is 73 [4]. - Grant price per share is 5.66 yuan [5]. Stock Source and Registration - The shares granted are sourced from the company's directed issuance of A-shares to the participants [5]. - The registration of the 4.9312 million restricted shares was completed on November 11, 2025 [10]. Impact on Shareholding Structure - After the grant, the total number of shares increases from 246,767,500 to 251,698,700 [11]. - The controlling shareholder's stake decreases from 26.48% to 25.96% post-registration, but control remains unchanged [11]. Use of Raised Funds - Funds raised from this incentive plan will be used to supplement the company's working capital [13]. Accounting and Financial Impact - The company will recognize the cost of the stock incentive plan in accordance with accounting standards, impacting financial results over the vesting period [13][14].

证券代码：600128 证券简称：苏豪弘业 公告编号：临 2025-061 苏豪弘业股份有限公司 关于 2025 年限制性股票激励计划限制性股票授予结果公告 一、限制性股票首次授予情况 本公司董事会及董事会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： 根据中国证券监督管理委员会《上市公司股权激励管理办法》及上海证券交 易所、中国证券登记结算有限责任公司上海分公司有关规则的规定，苏豪弘业股 份有限公司（以下简称"公司"或"本公司"）已于近日完成了公司 2025 年限制 性股票激励计划（以下简称"本激励计划"）的限制性股票的授予登记工作，有 关具体情况如下： 2025 年 10 月 16 日，公司召开第十一届董事会第四次会议，审议通过了《关 于向 2025 年限制性股票激励计划激励对象授予限制性股票的议案》，同意以 2025 年 10 月 16 日为授予日，向 73 名激励对象授予 493.12 万股限制性股票，授予价格 为 5.66 元/股。 公司本激励计划限制性股票授予实际情况如下。 5、本次限制性股票的股票来源：本激励计 ...

Core Viewpoint - The company assures the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any false statements or omissions [2][3]. Financial Data Summary - The financial statements for the third quarter are unaudited, covering the three-month period from the beginning to the end of the quarter [3]. - The report includes major accounting data and financial indicators, with specific attention to non-recurring gains and losses [4][5]. - The company has not identified any significant changes in major accounting data and financial indicators during the reporting period [5]. Shareholder Information - The report includes details on the total number of ordinary shareholders and the top ten shareholders' holdings [5]. - There are no changes reported in the share lending activities of major shareholders [5]. Other Important Information - The company has not indicated any additional important information regarding its operational performance during the reporting period [6]. - The financial statements are prepared under the responsibility of the company's management, with no new accounting standards applied for the current reporting period [7].

Core Insights - The company reported a revenue of 2,072,054,887.58 yuan for the third quarter of 2025, representing a year-on-year growth of 10.84% [2] - The net profit attributable to shareholders of the listed company was 23,423,851.07 yuan, showing a year-on-year increase of 38.39% [2] Financial Performance - Revenue for Q3 2025: 2,072,054,887.58 yuan, up 10.84% year-on-year [2] - Net profit for Q3 2025: 23,423,851.07 yuan, up 38.39% year-on-year [2]

Financial Performance - The company's operating revenue for the third quarter reached CNY 2,072,054,887.58, representing a year-on-year increase of 10.84%[5] - Total profit for the quarter was CNY 40,180,098.46, a significant increase of 76.22% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 23,423,851.07, reflecting a year-on-year growth of 38.39%[5] - The basic earnings per share for the quarter was CNY 0.0949, up 38.39% from the previous year[6] - The weighted average return on equity increased to 1.0958%, an increase of 0.2979 percentage points compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was CNY 18,702,958.55, showing a substantial increase of 116.27%[5] - Net profit for the first three quarters of 2025 was ¥73,928,235.00, compared to ¥61,305,530.60 in 2024, marking an increase of 20.67%[20] - The total comprehensive income for the first three quarters of 2025 was ¥72,989,303.68, compared to ¥61,371,355.99 in 2024, showing an increase of 19.00%[20] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.2015, up from CNY 0.1477 in the same period of 2024, representing an increase of approximately 36.3%[22] Assets and Liabilities - Total assets at the end of the quarter amounted to CNY 6,429,554,373.25, marking a 6.87% increase from the end of the previous year[6] - Total current assets as of September 30, 2025, amount to ¥3,848,544,121.83, an increase from ¥3,446,992,852.95 at the end of 2024[15] - Total non-current assets amount to ¥2,581,010,251.42, slightly up from ¥2,569,336,278.06[16] - The company reported a total liability of ¥3,664,514,888.98 as of the latest reporting period, an increase from ¥3,292,780,583.08 in the previous year[17] - The total equity attributable to shareholders reached ¥2,148,264,779.49, up from ¥2,124,247,335.56 in the previous year, reflecting a growth of 1.13%[17] Cash Flow - The company reported a cash flow from operating activities of CNY -154,094,825.94 for the year-to-date, indicating a need for improvement in cash management[5] - Cash inflow from operating activities for the first three quarters of 2025 is CNY 7,035,443,936.00, an increase of 28.8% compared to CNY 5,458,209,108.10 in the same period of 2024[22] - Cash outflow from operating activities for the first three quarters of 2025 is CNY 7,189,538,761.94, compared to CNY 6,097,991,851.23 in the same period of 2024, indicating an increase of approximately 17.9%[22] - The net cash flow from operating activities for the first three quarters of 2025 is -CNY 154,094,825.94, an improvement from -CNY 639,782,743.13 in the same period of 2024[22] - Cash inflow from investing activities for the first three quarters of 2025 is CNY 451,928,027.34, down 19.2% from CNY 559,005,819.86 in the same period of 2024[23] - Cash outflow from investing activities for the first three quarters of 2025 is CNY 454,506,967.81, an increase of 13.5% compared to CNY 400,566,449.27 in the same period of 2024[23] - The net cash flow from investing activities for the first three quarters of 2025 is -CNY 2,578,940.47, a significant decrease from CNY 158,439,370.59 in the same period of 2024[23] - Cash inflow from financing activities for the first three quarters of 2025 is CNY 1,354,450,411.53, an increase of 15.6% compared to CNY 1,171,407,814.82 in the same period of 2024[23] - The ending cash and cash equivalents balance for the first three quarters of 2025 is CNY 661,889,431.75, compared to CNY 621,647,473.95 in the same period of 2024, reflecting an increase of approximately 6.5%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,657[13] - Jiangsu Suhao Holding Group Co., Ltd. holds 22.46% of shares, making it the largest shareholder[13] Expenses - The company attributed the increase in total profit to business scale growth and a decrease in overall expense ratio[10] - Research and development expenses increased to ¥3,527,748.69 in the first three quarters of 2025, compared to ¥2,319,628.06 in 2024, representing a rise of 52.08%[19] - The company’s financial expenses rose to ¥13,443,510.55 in 2025, compared to ¥8,686,090.57 in 2024, indicating an increase of 54.00%[19] - The company’s cash dividends payable increased to ¥28,064,900.48 from ¥25,454,900.48, reflecting a growth of 6.34%[17] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10]

Core Insights - Suhao Hongye reported a third-quarter revenue of 2.072 billion yuan, representing a year-on-year growth of 10.84% [1] - The net profit attributable to shareholders for the third quarter was 23.4239 million yuan, showing a year-on-year increase of 38.39% [1] - For the first three quarters, the company achieved a total revenue of 5.991 billion yuan, with a year-on-year growth of 10.77% [1] - The net profit attributable to shareholders for the first three quarters was 49.7193 million yuan, reflecting a year-on-year increase of 36.42% [1]

Core Viewpoint - Suhao Hongye Co., Ltd. is engaged in various sectors including trade, culture, and investment, with a focus on export and import businesses, particularly in toys, pet supplies, medical devices, and fertilizers [2][7]. Company Overview - Suhao Hongye was established on June 30, 1994, and listed on September 1, 1997. The company is headquartered in Nanjing, Jiangsu Province [7]. - The main revenue sources are from product sales (98.45%), project engineering, consulting services (1.05%), and other income (0.51%) [7]. - As of June 30, the number of shareholders is 27,700, a decrease of 39.99% from the previous period, while the average circulating shares per person increased by 66.64% [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 3.919 billion yuan, representing a year-on-year growth of 10.73%. The net profit attributable to the parent company was 26.296 million yuan, up 34.72% year-on-year [7]. - The company has distributed a total of 503 million yuan in dividends since its A-share listing, with 74.03 million yuan distributed over the past three years [8]. Business Segments - The company’s export trade focuses on toys and pet supplies, while its import trade includes medical devices and electromechanical equipment. Domestic trade primarily involves coal, liquid ammonia, and urea [2]. - The subsidiary Jiangsu Chemical Fertilizer Industry Co., Ltd. produces "Suhua" brand fertilizers, which are well-received by farmers in Northern Jiangsu [2][3]. Investment and Shareholding - Suhao Hongye holds a 16.31% stake in Hongye Futures, which is listed on the Hong Kong Stock Exchange [3]. - The company has invested 12 million yuan for a 24% stake in Jiangsu Hongrui Technology Investment Co., Ltd., the first venture capital firm in Jiangsu Province focused on the biomedical sector [3]. Market Activity - On October 28, the stock price of Suhao Hongye increased by 0.18%, with a trading volume of 40.75 million yuan and a turnover rate of 1.51%. The total market capitalization is 2.69 billion yuan [1].

Core Viewpoint - Suhao Hongye Co., Ltd. is engaged in trade, culture, and investment, with a focus on export and import businesses, particularly in toys, pet products, medical devices, and fertilizers [2][7]. Company Overview - Suhao Hongye was established on June 30, 1994, and listed on September 1, 1997. The company is headquartered in Nanjing, Jiangsu Province [7]. - The main revenue sources are from product sales (98.45%), project engineering, consulting services (1.05%), and other income (0.51%) [7]. - As of June 30, the number of shareholders is 27,700, a decrease of 39.99% from the previous period, with an average of 8,898 circulating shares per person, an increase of 66.64% [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 3.919 billion yuan, a year-on-year increase of 10.73%, and a net profit attributable to shareholders of 26.2955 million yuan, up 34.72% year-on-year [7]. - The company has distributed a total of 503 million yuan in dividends since its A-share listing, with 74.03 million yuan distributed over the past three years [8]. Business Segments - The company relies on platforms like Amazon for export retail, utilizing its own brands "HollyHOME" and "DOEWORKS" to connect directly with end consumers, generating profits from the difference between product costs and sales [2]. - Suhao Hongye's subsidiary, Jiangsu Fertilizer Industry Co., Ltd., produces "Suhua" brand fertilizers, which are well-received by farmers in Northern Jiangsu [2][3]. Investment and Shareholding - The company holds a 16.31% stake in Hongye Futures, which is listed on the Hong Kong Stock Exchange [3]. - Suhao Hongye has invested 12 million yuan for a 24% stake in Jiangsu Hongrui Technology Investment Company, the first venture capital firm in Jiangsu focused on the biopharmaceutical sector [3]. Market Activity - On October 27, the stock price of Suhao Hongye increased by 0.37%, with a trading volume of 57.7863 million yuan and a turnover rate of 2.15%, bringing the total market capitalization to 2.685 billion yuan [1]. - The stock has seen a net outflow of 830,600 yuan from major investors today, with a total net outflow of 4.51156 million yuan over the past 20 days [4][5]. Technical Analysis - The average trading cost of the stock is 10.81 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The current stock price is near a support level of 10.85 yuan, which is critical for potential rebound or decline [6].

Core Viewpoint - The trade sector experienced a decline of 0.66% on October 24, with Dongfang Chuangye leading the drop, while the Shanghai Composite Index rose by 0.71% and the Shenzhen Component Index increased by 2.02% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3950.31, marking an increase of 0.71% [1]. - The Shenzhen Component Index closed at 13289.18, reflecting a rise of 2.02% [1]. Group 2: Trade Sector Stocks - The trade sector saw mixed performance among individual stocks, with notable movements including: - Chimeida (600710) closed at 10.42, up by 2.46% with a trading volume of 345,500 shares and a transaction value of 361 million yuan [1]. - Kairuide (002072) closed at 7.50, up by 0.81% with a trading volume of 65,400 shares [1]. - CITIC Metal (601061) closed at 11.58, up by 0.26% with a trading volume of 425,100 shares [1]. - Wukuang Development (600058) closed at 9.08, down by 0.22% with a trading volume of 86,600 shares [1]. - Zhongcheng Co., Ltd. (000151) closed at 12.66, down by 0.71% with a trading volume of 44,300 shares [1]. - Yiyaton (002183) closed at 5.13, down by 0.97% with a trading volume of 989,300 shares [1]. - Jiangsu Guotai (002091) closed at 8.50, down by 1.05% with a trading volume of 189,400 shares [1]. - Shisuo Huihong (600981) closed at 2.98, down by 1.32% with a trading volume of 218,600 shares [1]. - Sumong Hongye (600128) closed at 10.84, down by 1.45% with a trading volume of 51,800 shares [1]. - Shisuo Fashion (600287) closed at 5.60, down by 1.75% with a trading volume of 42,900 shares [1]. Group 3: Capital Flow - The trade sector experienced a net outflow of 84.1855 million yuan from main funds, while retail funds saw a net inflow of 61.556 million yuan [3]. - Speculative funds recorded a net inflow of 22.6296 million yuan [3].

Core Viewpoint - Suhao Hongye Co., Ltd. is engaged in trade, culture, and investment, with a focus on export and import businesses, particularly in toys, pet products, medical devices, and fertilizers [2][7]. Company Overview - Suhao Hongye was established on June 30, 1994, and listed on September 1, 1997. The company is headquartered in Nanjing, Jiangsu Province [7]. - The main revenue sources are from product sales (98.45%), project engineering, consulting services (1.05%), and other income (0.51%) [7]. - As of June 30, the number of shareholders is 27,700, a decrease of 39.99% from the previous period, while the average circulating shares per person increased by 66.64% [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 3.919 billion yuan, representing a year-on-year growth of 10.73%. The net profit attributable to the parent company was 26.2955 million yuan, up 34.72% year-on-year [7]. - The company has distributed a total of 503 million yuan in dividends since its A-share listing, with 74.03 million yuan distributed over the past three years [8]. Business Segments - The company’s export trade focuses on toys and pet supplies, while its import trade includes medical devices and electromechanical equipment. Domestic trade primarily involves coal, liquid ammonia, and urea [2]. - The subsidiary Jiangsu Fertilizer Industry Co., Ltd. produces "Suhua" brand fertilizers, which are well-received by farmers in Northern Jiangsu [2][3]. Investment and Shareholding - Suhao Hongye holds a 16.31% stake in Hongye Futures, which is listed on the Hong Kong Stock Exchange [3]. - The company has invested 12 million yuan for a 24% stake in Jiangsu Hongrui Technology Investment Co., Ltd., the first venture capital firm in Jiangsu Province focused on the biopharmaceutical sector [3]. Market Activity - On October 23, the stock price increased by 0.36%, with a trading volume of 56.8887 million yuan and a turnover rate of 2.10%. The total market capitalization is 2.714 billion yuan [1].