关于收到广东监管局行政监管措施决定书 及公司初步整改的公告 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。 近期，经中国证券监督管理委员会广东监管局（以下简称"广东监管局"）对 科达制造股份有限公司（以下简称"公司""科达制造"）现场检查以及公司自查， 发现公司存在违规账外收付及核算、发放董监高薪酬等问题。公司高度重视，立 即组织相关部门和人员对相关问题进行全面梳理，并根据相关法律、法规、规范 性文件、公司内部管理制度，认真进行整改。2025 年 10 月 31 日，公司收到广 东监管局对上述问题出具的《行政监管措施决定书》（[2025]122 号，以下简称"《决 定书》"）。现将《决定书》具体内容及公司整改情况公告如下： 一、《决定书》内容 证券代码：600499 证券简称：科达制造 公告编号：2025-052 科达制造股份有限公司 （四）违规向关联方提供财务资助。经查，2021 年 8 月至 2024 年 6 月，科 达制造董事长边程、时任董事张仲华分别从公司账外个人银行账户累计借款 835.5 万元、720 万元，本息均 ...

Group 1 - The domestic building materials market demand remains sluggish, with significant declines in construction activity and cement production [1][2] - In the first three quarters of 2025, Huanxin Cement and Keda Manufacturing reported impressive financial results, with Huanxin Cement achieving a net profit of 2.0 billion yuan, up 76.0%, and Keda Manufacturing achieving a net profit of 1.15 billion yuan, up 63.5% [2][3] - The successful overseas expansion of companies like Huanxin Cement and Keda Manufacturing serves as a model for other building materials firms, highlighting the potential for growth in international markets [3][4] Group 2 - Huanxin Cement has established production bases in 12 countries, with an overseas cement grinding capacity of 24.7 million tons per year, contributing 41.3 billion yuan in revenue, which accounts for 45.1% of total revenue [2] - Keda Manufacturing's overseas business, primarily in sub-Saharan Africa, has seen a significant increase in production, with ceramic products reaching approximately 100 million square meters and revenue from overseas building materials reaching 3.77 billion yuan, up 90.1% [2][3] - The focus on international markets is seen as a crucial strategy for building materials companies to navigate the challenges posed by a declining domestic market [3]

Investment Rating - The industry investment rating is maintained as "Positive" [6] Core Viewpoints - Despite the pressure on the construction materials industry due to the real estate market, some companies are expected to perform well due to proactive strategies and effective resource integration, particularly in overseas markets [4][9] - Domestic demand for construction materials remains weak, with significant declines in housing construction metrics, leading to continued operational challenges for domestic companies [9] - Companies like Huaxin Cement and Keda Manufacturing have shown strong performance in their overseas operations, with notable increases in net profits and revenue from international markets [9] Summary by Sections - **Investment Suggestions and Targets**: The report suggests focusing on companies that have successfully expanded overseas, such as Huaxin Cement and Keda Manufacturing, despite the overall challenging domestic market conditions [4][9] - **Market Performance**: Data from the National Bureau of Statistics indicates a decline in housing construction area by 9.4% year-on-year, with new construction area down by 18.9% and completion area down by 15.3% in the first nine months of 2025 [9] - **Company Performance**: Huaxin Cement reported a net profit of 2.0 billion yuan, a 76.0% increase year-on-year, with overseas operations contributing significantly to its revenue [9] Keda Manufacturing achieved a net profit of 1.15 billion yuan, up 63.5% year-on-year, with substantial growth in its overseas business [9]

Core Viewpoint - Haomai Technology is a leading global tire mold enterprise, with strong technical and production capacity advantages, focusing on tire molds and related equipment production and sales [1] Group 1: Business Performance - In Q3 2025, Haomai Technology achieved a revenue of 8.076 billion yuan, ranking second among 89 companies in the industry, with the first being Keda Manufacturing at 12.605 billion yuan [2] - The company's net profit for the same period was 1.789 billion yuan, also ranking second in the industry, just behind Keda Manufacturing's 1.832 billion yuan [2] - The revenue composition includes mold revenue of 2.628 billion yuan (49.91%), large component machinery products at 1.947 billion yuan (36.98%), CNC machine tools at 506 million yuan (9.62%), and other revenues at 184 million yuan (3.49%) [2] Group 2: Financial Health - As of Q3 2025, Haomai Technology's debt-to-asset ratio was 17.04%, significantly lower than the industry average of 42.80% [3] - The gross profit margin for the same period was 33.99%, higher than the industry average of 28.52% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 9.88% to 18,100 [5] - The average number of circulating A-shares held per shareholder decreased by 8.99% to 43,900 [5] Group 4: Future Outlook - The company expects a revenue growth of 26.88% and a net profit growth of 26.21% year-on-year for the first three quarters of 2025 [5][6] - Business highlights include steady growth in tire mold business, large component business benefiting from global AI computing center construction and wind power industry recovery, and rapid growth in machine tool business with a 145% year-on-year increase in H1 2025 [6] - The company has launched an employee stock ownership plan to strengthen mid-level incentives and maintains profit forecasts for 2025-2027 [5][6]

公募基金方面，本期较上一期持股增加的公募基金共计14个，主要包括华泰柏瑞积极优选股票A、长盛 同智优势混合(LOF)、安信灵活配置混合A、广发东财大数据混合A、华泰柏瑞成长智选混合A等，持股 增加占比达0.17%。本期较上一季度持股减少的公募基金共计9个，主要包括安信远见成长混合A、安信 远见稳进一年持有混合A、国联消费精选混合A、国联竞争优势、国联新经济混合A等，持股减少占比 达0.14%。本期较上一季度新披露的公募基金共计11个，主要包括广发资管平衡精选一年持有混合A、 长信先进装备三个月持有混合A、万家互联互通中国优势量化策略混合A、兴合先进制造混合发起式 A、上银中证500指数增强型A等。本期较上一季未再披露的公募基金共计441个，主要包括南方中证 500ETF、国联策略优选混合A、兴全社会责任混合、广发多因子混合、华夏中证500指数增强A等。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.40%。 2025年10月31日，科达制造(600499.SH)发布2025年第三季报。截至2025年10月30日，共有40个机构投 资者披露持有科达制造A股股份 ...

Core Viewpoint - The company reported significant growth in revenue and net profit for the first three quarters of 2025, driven by various factors in its overseas building materials and lithium battery materials businesses [7][8]. Financial Performance - The company achieved operating revenue of 12.605 billion yuan, representing a year-on-year increase of 47.19% [7]. - The net profit attributable to shareholders reached 1.149 billion yuan, with a year-on-year growth of 63.49% [7]. - The lithium battery materials segment saw a production capacity of 150,000 tons/year for artificial graphite, with sales volume nearing 70,000 tons, reflecting a year-on-year increase of over 300% [7]. Business Segments - The overseas building materials business experienced substantial revenue growth due to the release of new capacities from projects in Kenya, Côte d'Ivoire, and Tanzania, along with optimized pricing strategies for ceramic tiles [7]. - The company decided to terminate its investment in the Honduras ceramic project due to increased investment risks stemming from macroeconomic policies and market conditions [7]. - The company is actively enhancing local operations and service efficiency in its ceramic machinery business amid industry challenges [7]. Investment in Subsidiaries - The company's associate, Qinghai Salt Lake Blue Science Lithium Industry Co., Ltd., produced approximately 31,600 tons of lithium carbonate and achieved sales of about 31,500 tons, with a net profit attributable to the company of 271 million yuan [8].

Core Insights - Keda Manufacturing reported significant growth in revenue and profit for the first three quarters of 2025, with revenue reaching 12.605 billion yuan, a year-on-year increase of 47.19%, and net profit attributable to shareholders at 1.149 billion yuan, up 63.49% [1][2] Financial Performance - For Q3 2025, the company achieved revenue of 4.417 billion yuan, marking a 43.89% year-on-year increase, and net profit attributable to shareholders of 404 million yuan, which is a 62.65% increase compared to the same period last year [1] - The company's net profit excluding non-recurring items for Q3 was 362 million yuan, reflecting a 53.25% year-on-year growth [1] Business Expansion - Keda Manufacturing is advancing its global strategy by establishing a subsidiary in Egypt and adding eight operational sites in India and Egypt to enhance its overseas service network [1] - The company is also focusing on service-oriented and general-purpose ceramic machine strategies, with notable growth in its ink business and the construction of the KAMI ink factory in Turkey [1] Overseas Operations - The company’s ceramic project in Côte d'Ivoire began mass production in July 2025, contributing to its operations in seven African countries with a total of 21 ceramic production lines, 2 glass production lines, and 2 sanitary ware production lines, achieving an annual capacity of over 200 million square meters of ceramic tiles, 400,000 tons of glass, and 2.6 million sanitary ware products [1] Lithium Battery Materials - In the lithium battery materials sector, Keda Manufacturing's artificial graphite product sales reached nearly 70,000 tons in the first three quarters, with both sales and production increasing by over 300% year-on-year, enhancing profitability [2] - The company’s joint venture, Lanke Lithium, produced approximately 31,600 tons of lithium carbonate and sold about 31,500 tons, contributing 271 million yuan to Keda's net profit [2] Future Outlook - The company plans to continue leveraging its strategic planning, global layout, and technological innovation capabilities to achieve its annual operational goals in the fourth quarter [2]

Core Insights - Keda Manufacturing reported significant growth in its Q3 2025 financial results, with a revenue increase of 47.19% year-on-year and a net profit growth of 63.49% for the first nine months of the year [1] - The company's overseas building materials business and lithium battery materials segment were the primary drivers of this growth [1] Group 1: Financial Performance - For the first nine months of 2025, Keda Manufacturing achieved a revenue of 12.605 billion yuan and a net profit of 1.149 billion yuan, with operating cash flow increasing by 65 times to 1.560 billion yuan [1] - In Q3 alone, the company generated revenue of 4.417 billion yuan, reflecting a year-on-year growth of 43.89%, and a net profit of 404 million yuan, up 62.65% [1] Group 2: Business Segments - The overseas building materials segment saw substantial revenue growth due to the release of new capacities from projects in Kenya, Côte d'Ivoire, and Tanzania, along with optimized pricing strategies for ceramic tiles [1] - The lithium battery materials segment has reached a production capacity of 150,000 tons per year for artificial graphite, with sales volume increasing over 300% year-on-year, totaling nearly 70,000 tons during the reporting period [2] Group 3: Strategic Initiatives - Keda Manufacturing plans to continue its expansion in the overseas building materials sector, focusing on regions south of the Sahara and gradually extending to South America [3] - The company aims to enhance local operations and service efficiency in key markets through initiatives such as the construction of a factory in Turkey and the development of local teams [2]

Core Insights - Keda Manufacturing is a leading enterprise in the domestic building materials machinery and ceramic industry, established in December 1996 and listed on the Shanghai Stock Exchange in October 2002, with a full industry chain layout that highlights its investment value [1] Financial Performance - In Q3 2025, Keda Manufacturing achieved a revenue of 12.605 billion yuan, ranking first among 89 companies in the industry, significantly surpassing the second-ranked Haomai Technology's revenue of 8.076 billion yuan, with the industry average at 1.21 billion yuan and the median at 596 million yuan [2] - The company's net profit for the same period was 1.832 billion yuan, also leading the industry, slightly higher than Haomai Technology's 1.789 billion yuan, with the industry average at 111 million yuan and the median at 34.371 million yuan [2] Financial Ratios - As of Q3 2025, Keda Manufacturing's debt-to-asset ratio was 47.58%, an increase from 45.85% in the previous year and above the industry average of 42.80% [3] - The gross profit margin for Q3 2025 was 28.57%, up from 26.90% year-on-year and slightly above the industry average of 28.52% [3] Executive Compensation - The chairman, Bian Cheng, received a salary of 2.98 million yuan in 2024, a decrease of 820,000 yuan from 2023, while the general manager, Yang Xuexian, saw an increase in salary from 2.3 million yuan in 2023 to 2.6 million yuan in 2024 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Keda Manufacturing decreased by 5.51% to 56,400, while the average number of circulating A-shares held per account increased by 5.83% to 34,000 [5]

Core Insights - Keda Manufacturing reported a revenue of 12.605 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 47.19%, with net profit attributable to shareholders reaching 1.149 billion yuan, up 63.49% [1] - In Q3 alone, the company achieved a revenue of 4.417 billion yuan, a year-on-year growth of over 43.89%, setting a historical record for the same period [1] Group 1: Business Expansion - Keda Manufacturing's ceramic machinery business saw an increase in order volume compared to the previous year, with steady growth in regions like Southeast Asia [2] - The company established a subsidiary in Egypt and added eight operational points in India and Egypt, enhancing its overseas service network [2] - The company is also advancing its service-oriented and general-purpose ceramic machinery strategies, with ink business maintaining good growth [2] Group 2: Overseas Building Materials - Keda Manufacturing's overseas building materials segment is a significant growth area, with the Ivory Coast ceramic project starting mass production in July [3] - The company operates 21 building ceramic production lines, 2 glass production lines, and 2 sanitary ware production lines across seven African countries, with a total annual capacity exceeding 200 million square meters of building ceramics, 400,000 tons of glass, and 2.6 million pieces of sanitary ware [3] - Continuous improvements in production lines and processes are being made, with glass business sales and production increasing quarterly [3] Group 3: Lithium Battery Materials - The lithium battery industry is showing positive trends with stable volume and price, leading to Keda Manufacturing's artificial graphite product sales reaching nearly 70,000 tons, with both production and sales increasing over 300% year-on-year [4] - The company is also advancing technology and production line setups in the energy storage cell sector, achieving scale production of large cell materials during the reporting period [4] - Keda Manufacturing's associate company, Lanke Lithium Industry, reported a stable recovery in profitability, with approximately 31,600 tons of lithium carbonate produced and 31,500 tons sold in the first three quarters, contributing 271 million yuan to Keda's net profit [4]