证券代码：600507 证券简称：方大特钢 公告编号：临2025-066 方大特钢科技股份有限公司 2025 年前三季度主要经营数据公告 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。 方大特钢科技股份有限公司（以下简称"公司"）根据《上海证券交易所上 市公司自律监管指引第 3 号——行业信息披露》的相关规定，现将 2025 年前三 季度主要经营数据公告如下： 一、主营业务分行业情况 单位：万元 | | | 主营业务分行业情况（2025 | 年 1-9 月） | | | --- | --- | --- | --- | --- | | 分行业 | 营业收入 | 营业成本 | 营业收入比上年 | 营业成本比上年 | | | | | 同期增减（%） | 同期增减（%） | | 钢铁业 | 1,302,532.84 | 1,176,062.82 | -18.47 | -23.53 | | 采掘业 | 16,278.54 | 5,511.19 | -25.13 | 1.00 | 注：钢铁业包括汽车板簧、弹簧扁钢、优线、螺纹钢、贸易类以及 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥4,538,893,918.03, representing a decrease of 11.38% compared to the same period last year[4] - The total profit for Q3 2025 reached ¥500,464,194.15, a significant increase of 1,334.11% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was ¥383,733,508.52, reflecting a year-on-year increase of 1,368.10%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was ¥301,310,213.09, with a year-to-date increase of 326.74%[4] - The basic earnings per share for Q3 2025 was ¥0.17, up 1,409.09% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was approximately ¥13.23 billion, a decrease of 18.4% compared to ¥16.23 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 reached approximately ¥790.56 million, a significant increase from ¥194.86 million in 2024, representing a growth of 304.5%[19] - Earnings per share for the first three quarters of 2025 were ¥0.34, compared to ¥0.08 in the same period of 2024, reflecting a substantial improvement[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥22,037,491,370.46, an increase of 14.49% from the end of the previous year[4] - Total assets as of September 30, 2025, amounted to approximately ¥22.04 billion, an increase from ¥19.25 billion at the end of 2024[17] - Total liabilities as of September 30, 2025, were approximately ¥11.72 billion, compared to ¥9.66 billion at the end of 2024, indicating a rise of 21.2%[17] - The company's total non-current assets as of September 30, 2025, were approximately ¥8.97 billion, slightly up from ¥8.88 billion at the end of 2024[17] Cash Flow - The company reported a net cash flow from operating activities of ¥539,492,107.65 year-to-date, down 62.78% compared to the previous year[4] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 18.91 billion, a decrease of 10.7% compared to CNY 21.18 billion in the same period of 2024[21] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 539.49 million, down 62.8% from CNY 1.45 billion in the first three quarters of 2024[21] - The cash outflow for purchasing goods and services in the first three quarters of 2025 was CNY 15.46 billion, a decrease of 11.4% from CNY 17.45 billion in the same period of 2024[21] - The ending balance of cash and cash equivalents as of September 30, 2025, was CNY 2.93 billion, a decrease from CNY 3.38 billion at the end of September 2024[22] Investments and Acquisitions - The company invested RMB 2.8 billion to increase capital in its wholly-owned subsidiary, aimed at establishing a new subsidiary and supporting daily operations[13] - The company acquired 78.72 million shares of Sunshine Insurance at a price of HKD 5.83 per share, totaling approximately HKD 4.59 billion[11] - The company received CNY 634.96 million from investment recoveries in the first three quarters of 2025, a significant increase from CNY 8.23 million in the same period of 2024[21] - The company paid CNY 976.89 million for investment activities in the first three quarters of 2025, compared to CNY 300 million in the same period of 2024[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,082[9] - The largest shareholder, Jiangxi Fangda Steel Group Co., Ltd., held 32.56% of the shares, with 577,848,335 shares pledged[9] Current Assets - As of September 30, 2025, the company's cash and cash equivalents amounted to RMB 6.69 billion, an increase from RMB 5.94 billion as of December 31, 2024, representing a growth of approximately 12.6%[15] - The total current assets reached RMB 13.06 billion, up from RMB 10.36 billion at the end of 2024, indicating a growth of about 26%[15] - The trading financial assets increased significantly to RMB 795.57 million from RMB 325.73 million, reflecting a growth of approximately 144.3%[15] - Accounts receivable rose to RMB 1.45 billion, compared to RMB 1.07 billion in the previous year, marking an increase of around 35.5%[15] - Inventory levels stood at RMB 1.43 billion, slightly up from RMB 1.38 billion, indicating a growth of about 2.6%[15] Financial Performance Trends - The company's financial performance reflects a robust growth trajectory, with significant increases in both current assets and trading financial assets, positioning it well for future expansion[15] - The fair value change of trading financial assets for Q3 2025 was reported at RMB 64.19 million, which is included in non-operating income[12]

Core Viewpoint - Fangda Special Steel reported a decline in revenue for Q3 2025, while net profit showed significant growth compared to the previous year [1] Financial Performance - In Q3 2025, the company achieved a revenue of 4.539 billion yuan, a year-on-year decrease of 11.38% [1] - The net profit attributable to shareholders was 384 million yuan, reflecting a year-on-year increase of 1,368.10% [1] - Basic earnings per share for Q3 2025 stood at 0.17 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 13.233 billion yuan, down 18.45% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 789 million yuan, which is a year-on-year increase of 317.39% [1] - Basic earnings per share for the first three quarters was 0.34 yuan [1]

Core Insights - The company reported a third-quarter revenue of 4.539 billion, a year-on-year decrease of 11.38% [1] - The net profit for the third quarter was 384 million, showing a significant year-on-year increase of 1368.10% [1] - For the first three quarters, the total revenue was 13.233 billion, reflecting a year-on-year decline of 18.45% [1] - The net profit for the first three quarters reached 789 million, which is a substantial year-on-year increase of 317.39% [1]

Core Insights - The 2025 Jiangxi Top 100 Private Enterprises and Social Responsibility Report was released, highlighting the growth and characteristics of private enterprises in Jiangxi province [1][14]. Group 1: Rankings and Financial Performance - The threshold for entering the 2025 Jiangxi Top 100 Private Enterprises reached 4.818 billion yuan, an increase of 501 million yuan from the previous year [14]. - The total revenue of the top 100 private enterprises exceeded 100 billion yuan for 38 companies, with Jiangxi Shuangbaotai Holdings Co., Ltd. leading at 103.86846 billion yuan [14]. - The total assets of the top 100 private enterprises amounted to 890.862 billion yuan, reflecting a growth of 3.31% compared to the previous year [14]. Group 2: Industry Structure - Manufacturing remains the dominant sector among the top 100 private enterprises, with 73 companies contributing 78.49% of total revenue and employing 81.45% of the workforce [15]. - There are 38 enterprises engaged in non-ferrous metal smelting and rolling, indicating a strong presence in this industry [15]. Group 3: Innovation and R&D - 29 enterprises among the top 100 have R&D expenditure intensity exceeding 3%, with notable investments from companies like JinkoSolar and Jiangxi Fangda Steel Group [16]. - The integration of technology and innovation is emphasized, with many enterprises enhancing their R&D capabilities and collaborating with academic institutions [16]. Group 4: Social Responsibility - The 2025 Jiangxi Private Enterprise Social Responsibility Report outlines significant contributions to the economy, with the non-public economy generating a value-added of 2.14 trillion yuan, accounting for 62.4% of the province's GDP [16]. - Employment initiatives have been robust, with 440 enterprises participating in job creation efforts, providing over 24,500 job opportunities [17]. - The report highlights the active involvement of private enterprises in rural revitalization, with 3,522 enterprises participating in related projects, benefiting 3,246 villages [18].

Market Overview - The special steel sector experienced a decline of 1.65% on October 28, with Jinzhou Pipeline leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Jinzhou Pipeline (002443) closed at 8.37, down 2.79% with a trading volume of 305,300 shares and a transaction value of 258 million yuan [1] - Other notable declines include: - Jiuli Special Materials (002318) down 2.19% to 25.50 - Taiyuan Iron & Steel (000825) down 1.92% to 4.08 - CITIC Special Steel (000708) down 1.82% to 14.55 [1] Capital Flow - The special steel sector saw a net outflow of 108 million yuan from main funds, while retail investors contributed a net inflow of 54.64 million yuan [1] - The capital flow for specific stocks includes: - Changbao Co. (002478) with a main fund net inflow of 21.28 million yuan [2] - CITIC Special Steel (000708) with a main fund net inflow of 10.89 million yuan [2] - Sand Steel Co. (002075) faced a significant main fund net outflow of 24.37 million yuan [2]

Core Viewpoint - Fangda Special Steel's stock price has shown fluctuations, with a year-to-date increase of 35.89%, but a recent decline of 2.15% on October 28, 2023, indicating potential volatility in the market [1] Company Overview - Fangda Special Steel, established on September 16, 1999, and listed on September 30, 2003, is located in Nanchang, Jiangxi Province. The company primarily engages in the production and sales of automotive leaf springs, spring flat steel, and black metal smelting and processing products [1] - The company's revenue composition is 70.31% from steel sales and 29.69% from other sales [1] Financial Performance - For the first half of 2025, Fangda Special Steel reported operating revenue of 8.694 billion yuan, a year-on-year decrease of 21.71%, while net profit attributable to shareholders increased by 148.75% to 405 million yuan [2] - The company has distributed a total of 12.898 billion yuan in dividends since its A-share listing, with 308 million yuan distributed over the past three years [3] Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 4.08% to 85,000, with an average of 27,205 circulating shares per person, an increase of 4.25% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and several mutual funds, with notable changes in holdings among these entities [3] Market Activity - On October 28, 2023, Fangda Special Steel experienced a net outflow of 2.3419 million yuan in principal funds, with significant trading activity reflected in the buying and selling of large orders [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on July 22, 2023, where it recorded a net purchase of 166 million yuan [1]

Core Insights - Fangda Special Steel has developed an innovative "Intelligent Lubrication Online Robot" for automatic lubrication of sintering machine trolleys, which has received a national invention patent [1][2] - The robot addresses the challenges of manual lubrication, which is labor-intensive and poses safety risks, while also ensuring precise control of lubrication quantity [1] Group 1 - The new robot can perform lubrication while the sintering machine trolleys are in operation, eliminating the need for downtime [2] - It significantly reduces labor intensity for workers and improves lubrication efficiency, thereby extending the lifespan of the trolleys [2] - The robot achieves a repeat positioning accuracy of less than 1 millimeter and a lubrication success rate of 100%, enhancing production efficiency and operational safety [2] Group 2 - Fangda Special Steel plans to increase R&D investment to further advance technological exploration and innovation in smart manufacturing [2]

Market Performance - The special steel sector increased by 3.29% on October 27, with Changbao Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - Changbao Co., Ltd. (002478) closed at 6.74, up 9.95% with a trading volume of 417,100 shares and a transaction value of 277 million yuan [1] - CITIC Special Steel (000708) closed at 14.82, up 5.41% with a trading volume of 400,400 shares and a transaction value of 598 million yuan [1] - Other notable performers include Shengde Zhengtai (300881) up 4.17%, Taiyuan Iron & Steel (000825) up 2.72%, and Fangda Special Steel (600507) up 2.57% [1] Capital Flow Analysis - The special steel sector saw a net inflow of 156 million yuan from main funds, while retail investors experienced a net outflow of 112 million yuan [2] - The main funds' net inflow for Changbao Co., Ltd. was 58.1 million yuan, representing 20.95% of its trading volume [3] - Other stocks like Taiyuan Iron & Steel and Fangda Special Steel also experienced significant net inflows from main funds [3]

Market Overview - The special steel sector experienced a decline of 0.46% on October 24, with Xining Special Steel leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Notable gainers in the special steel sector included: - Xianglou New Materials (301160) with a closing price of 63.21, up 6.70% and a trading volume of 60,100 shares, totaling 376 million yuan [1] - Jinzhu Pipeline (002443) closed at 8.70, up 4.82% with a trading volume of 313,900 shares, totaling 270 million yuan [1] - Decliners included: - Xining Special Steel (600117) closed at 3.15, down 3.37% with a trading volume of 540,600 shares, totaling 171 million yuan [2] - Taiyuan Iron & Steel (000825) closed at 4.05, down 1.70% with a trading volume of 448,500 shares, totaling 182 million yuan [2] Capital Flow - The special steel sector saw a net inflow of 14.53 million yuan from institutional investors, while retail investors experienced a net outflow of 90.53 million yuan [2] - Key stocks with significant capital flow included: - Jinzhu Pipeline (002443) had a net inflow of 49.17 million yuan from institutional investors, but a net outflow of 44.99 million yuan from retail investors [3] - Taiyuan Iron & Steel (000825) recorded a net inflow of 14.33 million yuan from institutional investors, with a net outflow of 22.01 million yuan from retail investors [3]