Core Insights - Lianmei Quantum Co., Ltd. reported a slight decline in revenue for the first three quarters of 2025, totaling 2.155 billion yuan, while net profit attributable to shareholders increased by 6.88% to 543 million yuan [1] Group 1: Business Performance - The company focuses on urban clean heating services and has optimized its business layout through strategic partnerships and project acquisitions to enhance market share [1] - The implementation of a smart control pilot project for secondary pipelines marks a shift from traditional experience-based heating control to a modern data-driven approach [1] Group 2: Technological Innovation - Lianmei has developed the "Lianmei Smart Operation Platform," creating a complete technological closed loop from data perception to intelligent analysis and automatic execution [1] - The company aims for low-carbon, clean, and efficient development by exploring innovative clean energy technologies, contributing to the establishment of a modern energy system [1] Group 3: Urban Infrastructure Integration - Leveraging national funding for urban infrastructure updates, Lianmei integrates smart heating construction with urban renewal initiatives [2] - The company is upgrading traditional heating networks to smart heating networks equipped with sensing, analysis, and optimization capabilities through the installation of smart control devices and IoT sensor systems [2] - Lianmei actively participates in urban renewal and clean heating projects, expanding its heating coverage and solidifying its market leadership [2]

Core Insights - The company reported a revenue of 2,155,565,895.27 yuan for the first three quarters of 2025, representing a year-on-year decrease of 6.19% [1] - The net profit attributable to shareholders of the listed company was 543,176,799.75 yuan, showing a year-on-year increase of 6.88% [1] Financial Performance - Revenue for the first three quarters of 2025: 2,155,565,895.27 yuan, down 6.19% year-on-year [1] - Net profit for the same period: 543,176,799.75 yuan, up 6.88% year-on-year [1]

Core Insights - The company reported a revenue of 2.156 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 6.19% [1] - The net profit attributable to shareholders reached 543 million yuan, showing a year-on-year increase of 6.88% [1] - The net profit excluding non-recurring items was 463 million yuan, reflecting a year-on-year decrease of 8.15% [1] - The basic earnings per share stood at 0.2442 yuan [1]

Core Viewpoint - In the third quarter of 2025, Lianmei Holdings (600167.SH) reported revenue growth and profit increase, driven by a dual focus on carbon reduction and efficiency enhancement in the clean energy sector [1][6]. Financial Performance - For the first three quarters of 2025, Lianmei Holdings achieved a revenue of 2.155 billion yuan and a net profit attributable to shareholders of 543 million yuan, representing a year-on-year growth of 6.88% [1][6]. Policy Environment - Since 2025, national policies have provided strong momentum for the development of the clean energy heating industry, including the release of the "Action Plan for High-Quality Development of the Heat Pump Industry" which aims for over 20% efficiency improvement in heat pump products by 2030 [2][6]. Clean Energy Strategy - Lianmei Holdings is focusing on technological innovation to drive the transition to clean energy, expanding into biomass energy, heat pumps, hydrogen energy, and energy storage while upgrading traditional coal heating operations to low-carbon models [2][6]. Biomass Energy Development - The company’s subsidiary, Jiangsu Lianmei Bioenergy Co., is a key player in the biomass energy sector, utilizing agricultural and forestry waste for integrated power generation and heating, thus contributing to local energy supply and waste management [3][6]. Heat Pump Technology - Lianmei Holdings is optimizing air-source heat pump applications to meet winter heating demands in cold regions, investing in R&D to enhance the conversion of low-grade heat to high-grade heat, thereby reducing reliance on fossil fuels [4][6]. Coal Heating Optimization - The company is upgrading its traditional coal heating business by investing in advanced combustion technologies and pollution control equipment, significantly reducing emissions of sulfur dioxide, nitrogen oxides, and particulate matter [5][6]. Future Outlook - Looking ahead, Lianmei Holdings plans to continue aligning with national energy policies, increasing investment in technology R&D and project implementation to further enhance its clean energy industry layout [6].

Core Viewpoint - The company reported a significant decline in revenue and net profit for Q3 2025 compared to the previous year, indicating potential challenges in its financial performance [2] Financial Performance - In Q3 2025, the company achieved a revenue of 257 million yuan, a year-on-year decrease of 26% [2] - The net profit attributable to shareholders was 18.57 million yuan, down 39.60% year-on-year [2] - Basic earnings per share for Q3 2025 were 0.0084 yuan [2] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 2.156 billion yuan, reflecting a year-on-year decline of 6.19% [2] - The net profit attributable to shareholders for the first three quarters was 543 million yuan, which represents an increase of 6.88% year-on-year [2] - Basic earnings per share for the first three quarters were 0.2442 yuan [2]

证券代码：600167 证券简称：联美控股 公告编号：2025-045 联美量子股份有限公司 关于子公司募集资金账户被冻结的进展公告 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个别及连带责任。 近日公司子公司山东菏泽福林热力科技有限公司募集资金专户 部分资金被司法划扣，具体情况如下： 一、募集资金专户部分资金被司法划扣情况概述 公司前期披露了《关于子公司募集资金账户被冻结的公告》（公 告编号：2025-041），其中厦门佰煤能源有限公司诉山东菏泽福林热 力科技有限公司（简称"福林热力"）货款争议一案（起诉状一涉及 的案件），近日公司子公司福林热力募集资金专户部分资金被司法划 扣，划扣金额 1,880,000.00 元。具体情况如下表： | 公司名 | | 开户行 | 银行账户 | 划扣金额（元） | 账户余额（元） | 仍冻结金额 | 可用余额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | | 名称 | | | | （元） | （元） | | 山 东 | 菏 | ...

Revenue and Profit - Revenue for Q3 2025 was CNY 257,479,313.42, a decrease of 26.00% compared to the same period last year[5] - Total profit for Q3 2025 was CNY 164,550.02, down 99.05% year-on-year[5] - Net profit attributable to shareholders was CNY 18,574,850.85, a decline of 39.60% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -37,025,708.58, a decrease of 821.65% year-on-year[5] - Basic earnings per share for Q3 2025 were CNY 0.0084, down 38.69% from the same period last year[5] - Net profit for the first three quarters of 2025 reached CNY 547,473,062.70, an increase of 4.3% from CNY 524,655,431.84 in the previous year[21] - The total comprehensive income for the first three quarters of 2025 was CNY 547,472,967.53, compared to CNY 524,655,367.23 in 2024, showing an increase of 4.3%[22] - The company's net profit for the first three quarters of 2025 was 423,573,610.51 RMB, down from 550,003,190.23 RMB in the same period of 2024, representing a decline of about 23.0%[30] - The total comprehensive income for the period was CNY 423,573,610.51, compared to CNY 550,003,190.23 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,033,458,868.07, a decrease of 6.88% from the end of the previous year[6] - The company's total current assets as of September 30, 2025, amount to ¥9,035,102,666.34, a decrease from ¥9,725,098,221.35 as of December 31, 2024[16] - The total liabilities decreased from ¥4,157,579,968.25 to ¥3,362,790,437.58 over the same period[17] - The total assets as of September 30, 2025, are ¥16,033,458,868.07, compared to ¥17,218,878,051.29 at the end of 2024[17] - The total liabilities decreased to CNY 4,368,150,920.39 in 2025 from CNY 5,594,672,366.15 in 2024, indicating a reduction of 21.9%[18] - The total equity attributable to shareholders increased to CNY 10,840,939,151.16 in 2025, compared to CNY 10,787,100,614.46 in 2024, reflecting a growth of 0.5%[18] - The total liabilities decreased from 3,589,872,361.37 RMB to 3,415,086,548.77 RMB, a reduction of about 4.9%[28] Cash Flow - Cash inflow from operating activities totaled CNY 1,412,489,620.77 in the first three quarters of 2025, slightly down from CNY 1,428,750,154.15 in 2024[24] - The net cash flow from operating activities was -333,953,810.99 RMB, compared to -295,066,148.29 RMB in the previous period, indicating a decline in operational cash generation[25] - Cash flow from operating activities for the first three quarters of 2025 was CNY 111,840,778.19, a significant improvement compared to a negative cash flow of CNY -83,160,187.52 in the same period of 2024[33] - Cash inflow from investment activities in the first three quarters of 2025 totaled CNY 2,134,644,372.55, while cash outflow was CNY 1,836,298,285.28, resulting in a net cash flow of CNY 298,346,087.27[34] - Cash flow from financing activities showed a net outflow of CNY -168,510,534.59 in the first three quarters of 2025, compared to a larger outflow of CNY -535,450,271.20 in the same period of 2024[34] Expenses - Research and development expenses increased by 138.44% due to the addition of new R&D personnel[10] - Research and development expenses increased significantly to CNY 22,839,637.96 in 2025, compared to CNY 9,578,741.68 in 2024, marking a rise of 138.5%[21] - The company reported a significant increase in investment income to CNY 30,070,644.31 in 2025, up from CNY 14,263,247.41 in 2024, representing a growth of 110.5%[21] - The company reported a significant increase in inventory by 64.31% due to increased coal stockpiling for heating services[9] - The company’s interest income was 52,560,337.77 RMB, down from 64,474,981.46 RMB, indicating a decrease of approximately 18.5%[30] - The company reported a decrease in tax payments from CNY 5,405,847.70 in 2024 to CNY 3,367,131.69 in 2025[33] - The company has not adopted new accounting standards or interpretations for the year 2025[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,226[13] - The largest shareholder, Lianzhong New Energy Co., Ltd., holds 1,198,817,284 shares, accounting for 52.98% of the total shares[13] - The company has pledged 521,166,771 shares of Lianzhong New Energy Co., Ltd. as collateral[13] - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[15] Management and Reporting - The board of directors announced the financial results on October 29, 2025[36]

Core Points - The stock price of Lianmei Holdings has decreased by 2.11% to 8.83 CNY per share as of October 28, with a total market capitalization of 19.981 billion CNY [1] - The company has experienced a year-to-date stock price increase of 59.59%, with a recent decline of 2.32% over the last five trading days [1] Financial Performance - For the first half of 2025, Lianmei Holdings reported a revenue of 1.898 billion CNY, a year-on-year decrease of 2.65%, while the net profit attributable to shareholders increased by 9.87% to 525 million CNY [2] - The company's main revenue sources include heating and steam income (74.62%), advertising revenue (15.42%), and other services [2] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.21% to 23,400, with an average of 96,587 circulating shares per person, an increase of 10.14% [2] - Lianmei Holdings has distributed a total of 4.044 billion CNY in dividends since its A-share listing, with 1.634 billion CNY distributed in the last three years [3]

Group 1 - The core point of the news is that Lianmei Holdings experienced a stock price increase of 5.02%, reaching 9.21 CNY per share, with a trading volume of 117 million CNY and a turnover rate of 0.58%, resulting in a total market capitalization of 20.841 billion CNY [1] - Lianmei Quantum Co., Ltd. is based in Shenyang, Liaoning Province, and was established on January 25, 1999. The company primarily engages in comprehensive energy services focused on clean heating and high-speed rail digital media advertising [1] - The revenue composition of Lianmei Holdings includes heating and steam income at 74.62%, advertising revenue at 15.42%, network connection income at 4.59%, power generation income at 3.60%, engineering income at 1.16%, and other supplementary income at 0.61% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Baodao Fund has a significant holding in Lianmei Holdings. The Baodao Shengli 6-month holding period mixed fund (010404) held 24,800 shares in the second quarter, accounting for 0.35% of the fund's net value, making it the third-largest heavy stock [2] - The Baodao Shengli 6-month holding period mixed fund (010404) was established on December 24, 2020, with a latest scale of 39.612 million CNY. The fund has achieved a return of 6.41% this year, ranking 6410 out of 8154 in its category, and a return of 10.1% over the past year, ranking 5388 out of 8025 [2]

重要内容提示: 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600167 证券简称：联美控股 公告编号：2025-044 联美量子股份有限公司 关于公司控股股东股份解质押的公告 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个别及连带责任。 联美量子股份有限公司（以下简称"公司"）控股股东联众新能源有限公司（以下简称"联众新能源"）持 有上市公司股份总数为1,198,817,284股，占公司总股本的52.98%。本次解质押股份为其在中国工商银行 股份有限公司沈阳浑南支行质押的21,386,771股股份。截至本次解质押完成，联众新能源持有上市公司 股份累计质押股份数为499,780,000股，占其持股数量比例41.69%，占公司总股本的22.09%。 联众新能源及其一致行动人联美集团有限公司（以下简称"联美集团"）共持有公司股份1,588,777,742 股，占公司已发行总股份的70.21%。截至本次解质押完成，合计已质押的股份数量为650,980,000股， 占联众新能源和联美集团合计持有股份的40.97%，占公司总股本 ...