Core Viewpoint - Standard Co. announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 20% over three consecutive trading days (October 28, 29, and 30, 2025) [1] Group 1: Stock Performance - The stock price deviation indicates a significant increase in trading activity, classified as an abnormal fluctuation [1] - The specific dates of the trading days with price increases are October 28, 29, and 30, 2025 [1] Group 2: Company Operations - The company conducted a self-examination and confirmed that its production and operational activities are normal [1] - There have been no significant changes in the external environment affecting the company [1] - The main business operations of the company remain unchanged [1]

证券代码：600302 证券简称：标准股份 公告编号：2025-047 西安标准工业股份有限公司 关规定，属于股票交易异常波动情形。 股票交易异常波动公告 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： 一、股票交易异常波动的具体情况 公司股票交易连续三个交易日内（2025 年 10 月 28 日、10 月 29 日、10 月 30 日）收盘价格涨幅偏离值累计达到 20%，根据《上海证券交易所交易规则》有 1 西安标准工业股份有限公司（以下简称"公司"）股票交易连续三个交易日 内（2025 年 10 月 28 日、10 月 29 日、10 月 30 日）收盘价格涨幅偏离值累 计达到 20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异 常波动情形。 公司于 2025 年 10 月 28 日披露《标准股份关于控股股东拟通过公开征集方 式转让部分公司股份暨复牌的公告》，公司控股股东标准集团拟通过公开征 集转让方式协议转让其持有的公司不超过 27.77%（含）且不低于控制权变更 比例的股份。本次公开征集转让 ...

Core Points - The company's stock price has experienced a cumulative increase of 20% over three consecutive trading days (October 28, 29, and 30, 2025), which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [1] - The company confirmed that aside from the disclosed plan for the controlling shareholder, Standard Group, to transfer no more than 27.77% of its shares through a public solicitation, there are no other undisclosed significant information [1] - The company's production and operational activities are normal, with no significant changes in the external environment or main business [1] - For the first three quarters of 2025, the company reported a net loss attributable to shareholders of 45.99 million yuan, with a net loss of 47.86 million yuan after excluding non-recurring gains and losses [1] - The share transfer plan requires approval from the state-owned assets supervision and administration department and other relevant authorities, indicating uncertainty regarding the identification of a buyer and the finalization of the plan [1]

Group 1 - The company, Standard Shares, reported a revenue of approximately 259 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 24.87% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 45.99 million yuan [1] - The basic earnings per share showed a loss of 0.1329 yuan [1] Group 2 - As of the report, the market capitalization of Standard Shares is 3 billion yuan [1]

Core Viewpoint - Standard Shares (600302.SH) reported a significant decline in revenue for the first three quarters of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 259 million yuan, representing a year-on-year decrease of 24.87% [1] - The net profit attributable to shareholders of the parent company was -45.9876 million yuan, which is a reduction in losses by 1.7008 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.1329 yuan [1]

Summary of Key Points Core Viewpoint - The recent data indicates a significant decline in the number of shareholders for many companies, with 783 stocks reporting their latest shareholder counts as of October 20, showing a decrease in 325 stocks compared to the previous period. This trend may reflect broader market dynamics and investor sentiment [1][3]. Group 1: Shareholder Count Changes - A total of 783 stocks disclosed their shareholder counts as of October 20, with 325 stocks experiencing a decline [3]. - Among these, 15 stocks saw a decrease of over 10% in shareholder counts, with the largest drop being 26.54% for Xinkai Technology, which reported 11,469 shareholders [3][4]. - Dingshin Communications followed with a 24.75% decrease, bringing its shareholder count to 32,706 [3][4]. Group 2: Market Performance of Concentrated Stocks - The average performance of concentrated stocks since October 1 shows a 0.76% increase, underperforming the Shanghai Composite Index, which rose by 3.44% during the same period [2]. - Only 28% of the concentrated stocks outperformed the market, indicating a challenging environment for these stocks [2]. Group 3: Financial Performance Insights - Among the concentrated stocks, 240 have released their third-quarter reports, with the highest net profit growth reported by COFCO Technology at 724.42% year-on-year [4]. - Luxshare Precision is projected to have a median net profit of 11.117 billion, reflecting a year-on-year increase of 22.50% [4]. Group 4: Industry Concentration - The concentrated stocks are primarily found in the machinery, basic chemicals, and electronics sectors, with 47, 40, and 28 stocks respectively [3].

Financial Performance - The company's operating revenue for the third quarter was ¥73,994,348, a decrease of 32.40% compared to the same period last year[4]. - The total profit for the quarter was -¥39,067,325.73, with a year-to-date total profit of -¥50,804,329.44[4]. - The net profit attributable to shareholders was -¥37,466,009.60 for the quarter, and -¥45,987,637.61 year-to-date[4]. - The basic earnings per share for the quarter was -¥0.1083, reflecting a decrease compared to -¥0.1329 year-to-date[5]. - Total operating revenue for the first three quarters of 2025 was CNY 258.84 million, a decrease of 25% compared to CNY 344.53 million in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was a loss of CNY 51.50 million, compared to a loss of CNY 54.13 million in the same period of 2024, showing a slight improvement[18]. - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.1329, slightly improved from CNY -0.1378 in 2024[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥989,129,469, down 11.27% from the previous year-end[5]. - Total assets as of September 30, 2025, amounted to RMB 989,129,469, compared to RMB 1,114,752,276.40 as of December 31, 2024, reflecting a decrease of approximately 11.25%[12]. - Current assets totaled RMB 826,314,254.70, down from RMB 940,536,770.95, indicating a decline of about 12.14%[13]. - Total liabilities decreased to RMB 362,025,129.26 from RMB 422,942,474.97, representing a reduction of approximately 14.36%[14]. - The company reported a total equity of RMB 627,104,339.74, down from RMB 691,809,801.43, indicating a decrease of about 9.38%[14]. - The total equity attributable to shareholders decreased to CNY 593.43 million in 2025 from CNY 652.84 million in 2024[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥62,061,808.21, indicating a significant cash outflow[4]. - The company reported a net cash outflow from operating activities of CNY 62.06 million in the first three quarters of 2025, compared to a net outflow of CNY 21.56 million in 2024[22]. - Cash inflow from investment activities in the first three quarters of 2025 was CNY 825.89 million, significantly higher than CNY 458.26 million in 2024[22]. - Investment cash outflow totaled $770,204,304, an increase from $521,881,046 in the previous period[23]. - Net cash flow from investment activities was $55,687,020.99, compared to a negative $63,617,137.26 last year[23]. - Cash inflow from financing activities was $37,622,761.13, down from $46,887,654.44[23]. - The net increase in cash and cash equivalents was $470,271.64, contrasting with a decrease of $71,810,647.74 in the prior period[23]. - The ending balance of cash and cash equivalents was $85,849,781.08, slightly down from $86,692,396.36[23]. Operational Challenges - The decline in operating revenue is attributed to intense competition in the sewing equipment industry[8]. - The company reported a significant reduction in gross profit due to the decrease in operating revenue[8]. - The company has no significant new product launches or technological developments reported during the period[11]. - There are no notable mergers or acquisitions mentioned in the conference call[11]. Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 299.58 million, down 24.7% from CNY 397.50 million in 2024[17]. - Research and development expenses for the first three quarters of 2025 were CNY 14.69 million, a decrease of 18.5% from CNY 17.99 million in 2024[17]. - Non-recurring gains and losses for the quarter totaled -¥1,119,897.44, with a year-to-date total of ¥1,872,346.62[7]. - Other comprehensive income after tax for the first three quarters of 2025 was a loss of CNY 15.20 million, compared to a gain of CNY 20,562.64 in 2024[19].

Core Insights - The company reported a revenue of 73.9943 million yuan for the third quarter, representing a year-on-year decline of 32.40% [1] - The net profit for the third quarter was a loss of 37.466 million yuan [1] - For the first three quarters, the total revenue was 259 million yuan, down 24.87% year-on-year [1] - The net profit for the first three quarters showed a loss of 45.9876 million yuan [1]

Core Viewpoint - Standard Shares is planning to transfer control through a public solicitation for a new major shareholder, with the transfer amount not exceeding 27.77% of its shares, which indicates a significant change in ownership structure [1][4]. Group 1: Company Announcement and Stock Performance - On October 27, Standard Shares announced the intention to transfer shares, leading to a stock suspension, which will be lifted on October 28, 2025 [1][2]. - Upon resuming trading, Standard Shares' stock hit the 10% limit-up, reaching a price of 8.15 yuan per share [2][3]. Group 2: Financial Performance and Challenges - Standard Shares has faced continuous losses for four consecutive years, with a net loss of 852.16 thousand yuan in the first half of 2025, indicating a need for external support to break the stagnation [7][9]. - The company's revenue for the first half of 2025 was approximately 184.85 million yuan, down 21.37% from the previous year [10]. Group 3: Industry Context and Strategic Moves - The company operates in a challenging environment, with declining demand in the domestic shoe and clothing processing market and reduced foreign trade orders, putting pressure on sales of domestic sewing machinery products [7][9]. - The transfer of control is part of a broader strategy by the local state-owned assets to optimize asset allocation, focusing on more promising industries [11].

Core Viewpoint - Standard Co., Ltd. (600302.SH) has announced a plan for its controlling shareholder, Standard Group, to transfer a portion of its shares through a public solicitation, which may lead to a change in control of the company [1][2]. Group 1: Share Transfer Announcement - Standard Group intends to transfer no more than 27.77% of its shares in Standard Co., Ltd., which currently holds 42.77% of the company's total shares [1][2]. - The transfer price will not be lower than the average weighted price of the last 30 trading days prior to the announcement date, which is 6.94 yuan per share [2]. Group 2: Regulatory Approval and Uncertainties - The transfer plan requires approval from relevant state-owned asset supervision authorities, and there is uncertainty regarding whether the solicitation process will proceed and when it will start [2]. - The ability to find qualified final transferees and the proportion of shares to be transferred also carries uncertainties [2]. Group 3: Stock Trading and Suspension - The stock was suspended from trading on October 21, 2025, due to the announcement of a significant matter that may lead to a change in control [3]. - Prior to the suspension, the stock closed at 7.41 yuan, reflecting a 3.64% increase on the last trading day [4].