会议召开时间：2025 年 11 月 11 日(星期二)13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 4 日(星期二)至 11 月 10 日(星期一)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（600226@zjhtkg.com） 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：600226 证券简称：亨通股份 公告编号：2025-051 浙江亨通控股股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 浙江亨通控股股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年 第三季度经营成果、财务状 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Hengtong Holdings, reporting a revenue increase of 38.94% year-on-year for the first three quarters of 2025, amounting to approximately 1.262 billion yuan [1] - The net profit attributable to shareholders of the listed company for the same period is approximately 189 million yuan, reflecting a slight increase of 0.68% year-on-year [1] - As of the report's release, Hengtong Holdings has a market capitalization of 13.5 billion yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥443,627,294.68, an increase of 27.84% compared to the same period last year[4] - The total profit for the quarter was ¥57,528,085.83, a decrease of 21.80% year-on-year[4] - The net profit attributable to shareholders was ¥61,707,348.67, down 12.87% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥42,108,233.23, which represents a slight increase of 1.98%[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,261,838,782.76, compared to ¥908,204,370.68 in the same period of 2024, indicating a year-over-year increase of approximately 39%[25] - Net profit for the first three quarters of 2025 was ¥188,653,761.80, compared to ¥163,641,791.74 in 2024, reflecting an increase of approximately 15%[26] - The company reported a total comprehensive income of ¥188,312,799.99 for the first three quarters of 2025, up from ¥163,413,851.24 in 2024, representing an increase of approximately 15%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,853,471,108.68, reflecting a 7.96% increase from the end of the previous year[5] - The company's total assets amounted to RMB 4,853,471,108.68, up from RMB 4,495,818,200.43 at the end of 2024, reflecting an increase of about 8%[22] - The company's total liabilities as of September 30, 2025, were RMB 1,239,819,164.32, compared to RMB 1,080,532,389.40 at the end of 2024, marking an increase of approximately 14.7%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,829[11] - Hengtong Group Co., Ltd. holds 504,153,332 shares, accounting for 16.95% of total shares[12] - Suzhou Hengtong Yongxu Venture Capital holds 322,231,091 shares, representing 10.83% of total shares[12] - The top ten shareholders do not have any changes in their shareholding due to securities lending activities[12] Cash Flow - The company reported a cash flow from operating activities of ¥8,980,451.08 for the year-to-date[4] - Cash flow from operating activities generated a net amount of ¥8,980,451.08, a recovery from a negative cash flow of ¥62,436,017.73 in the previous year[30] - Cash flow from investing activities showed a net outflow of ¥422,211,889.30, worsening from a net outflow of ¥131,248,274.32 in the same period last year[31] - Cash flow from financing activities yielded a net inflow of ¥239,975,766.95, compared to a slight outflow of ¥6,268,615.19 in the previous year[31] Equity and Investments - The equity attributable to shareholders increased by 5.81% to ¥3,613,651,944.36 compared to the previous year[5] - Long-term equity investments increased to RMB 1,674,891,998.18 as of September 30, 2025, from RMB 1,581,854,668.21 at the end of 2024, representing a rise of about 5.9%[21] - The company's retained earnings increased to RMB 383,469,161.99 as of September 30, 2025, compared to RMB 194,815,400.19 at the end of 2024, showing a significant growth of approximately 96.5%[22] Legal Matters - The company has initiated legal proceedings against parties for overdue transaction intention funds, with a court ruling in favor of the company[13] - The company has received execution funds amounting to RMB 24.48 million from legal proceedings, with remaining amounts still pending[17] - The company is closely monitoring the progress of legal matters to protect the interests of the company and its shareholders[17] Research and Development - Research and development expenses surged to ¥59,479,278.91, up from ¥26,936,007.87, indicating a growth of around 121%[26] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[32]

Core Insights - The company reported a third-quarter revenue of 444 million yuan, representing a year-on-year increase of 27.84% [1] - The net profit for the third quarter was 61.71 million yuan, showing a decline of 12.87% [1] - For the first three quarters, the total revenue reached 1.262 billion yuan, with a year-on-year growth of 38.94% [1] - The net profit for the first three quarters was 189 million yuan, reflecting a slight increase of 0.68% year-on-year [1]

Core Viewpoint - Hengtong Holdings has shown significant stock performance with a year-to-date increase of 72.55%, despite a recent decline of 4.76% over the past five trading days [1] Financial Performance - For the first half of 2025, Hengtong Holdings achieved a revenue of 818 million yuan, representing a year-on-year growth of 45.80%, and a net profit attributable to shareholders of 127 million yuan, up 8.91% year-on-year [2] Stock Market Activity - As of October 21, Hengtong Holdings' stock price was 4.40 yuan per share, with a market capitalization of 13.087 billion yuan. The stock experienced a trading volume of 63.78 million yuan and a turnover rate of 0.49% [1] - The company has seen a net inflow of main funds amounting to 5.1236 million yuan, with significant buying activity from large orders [1] Shareholder Information - As of June 30, the number of shareholders for Hengtong Holdings was 34,200, an increase of 0.64% from the previous period, with an average of 86,876 circulating shares per shareholder, a decrease of 3.39% [2] Business Overview - Hengtong Holdings, established on May 11, 1999, and listed on November 16, 1999, is primarily engaged in the production and sales of biopesticides, veterinary drugs, feed additives, and related services. The main revenue sources are electrolytic copper foil (67.62%), electricity and steam (16.17%), and veterinary drugs (16.14%) [1][2] Dividend Information - Since its A-share listing, Hengtong Holdings has distributed a total of 709 million yuan in dividends, with no dividends paid in the last three years [3]

Core Viewpoint - The company, Hengtong Optic-Electric Co., Ltd., expressed its commitment to enhancing core competitiveness and profitability while actively rewarding shareholders and sharing the results of corporate development [2] Summary by Categories - **Company Strategy** - The company aims to continuously improve its core competitiveness and profitability [2] - There is a focus on actively returning value to shareholders [2] - **Shareholder Engagement** - Hengtong plans to share the achievements of its development with shareholders [2]

Core Viewpoint - Hengtong Holdings has experienced a significant stock price increase of 83.14% year-to-date, despite a recent decline of 2.10% in its stock price on October 16, 2023, indicating volatility in the market [1]. Group 1: Stock Performance - As of October 16, 2023, Hengtong's stock price is reported at 4.67 CNY per share, with a total market capitalization of 13.89 billion CNY [1]. - The stock has seen a trading volume of 1.68 billion CNY, with a turnover rate of 1.20% [1]. - Year-to-date, the stock has increased by 83.14%, with a 1.06% decline over the last five trading days, a 29.36% increase over the last 20 days, and a 58.84% increase over the last 60 days [1]. Group 2: Financial Metrics - For the first half of 2025, Hengtong achieved a revenue of 818 million CNY, representing a year-on-year growth of 45.80%, and a net profit attributable to shareholders of 127 million CNY, reflecting an 8.91% increase [2]. - The company's main revenue sources include electrolytic copper foil (67.62%), electricity and steam (16.17%), and veterinary medicine (16.14%) [2]. Group 3: Shareholder Information - As of June 30, 2023, Hengtong had 34,200 shareholders, an increase of 0.64% from the previous period, with an average of 86,876 circulating shares per shareholder, a decrease of 3.39% [2]. - The company has cumulatively distributed 709 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3].

Core Viewpoint - Hengtong Co., Ltd. (600226) is actively engaged in the research, production, and sales of its main business areas, which include electrolytic copper foil, veterinary pharmaceuticals, feed additives, and cogeneration [1] Business Overview - The company has made investments and strategic arrangements around its main business, indicating a proactive approach to growth and diversification [1] - Hengtong and its wholly-owned subsidiaries have invested in and hold stakes in several companies, including Qingdao Yibang Bioengineering Co., Ltd. (17.45% stake), Hebei Shengxue Dacheng Pharmaceutical Co., Ltd. (49% stake), and Zhejiang Ikobike Animal Health Products Co., Ltd. (49% stake) [1]

Core Points - The company has approved the allocation of reserved shares for the 2024 employee stock ownership plan, allowing eligible participants to subscribe to a total of 6.21 million shares [5][6][14] Group 1: Employee Stock Ownership Plan - The 2024 employee stock ownership plan has been approved by the board and relevant committees, with a total of 6 million shares reserved for this plan [5][6] - The company has recovered 210,000 shares from employees who have left, bringing the total available for allocation to 6.21 million shares [5][6] - The subscription price for the reserved shares is set at 1.34 yuan per share, consistent with the initial subscription price [6][14] Group 2: Decision-Making Process - The decision-making process for the employee stock ownership plan has followed legal and regulatory requirements, ensuring no harm to the company's or shareholders' interests [7] - The board's compensation and assessment committee has confirmed that the allocation of reserved shares complies with the company's regulations and relevant laws [7][14] Group 3: Governance Changes - The company has decided to eliminate the supervisory board and the position of employee representative supervisor, in line with the revised Company Law [8][9] - The board has elected a new representative to execute company affairs, ensuring compliance with legal requirements [10][11]

Group 1 - The company, Hengtong Optic-Electric Co., Ltd., announced the removal of the supervisory board and supervisors according to the revised articles of association [2] - As of September 16, 2025, the company will terminate the position of employee representative supervisor held by Mr. Wang Bo, following a resolution from the employee representative assembly [2]