Core Insights - Taihao Technology, established in 1996 and listed in 2002, is a significant player in the military electronics and smart power sectors in China, with a comprehensive industry chain advantage and advanced product technology [1] Financial Performance - In Q3 2025, Taihao Technology achieved a revenue of 2.903 billion yuan, ranking 8th among 64 companies in the industry, with the industry leader, AVIC Chengfei, reporting 48.286 billion yuan [2] - The net profit for the same period was 90.7077 million yuan, placing the company 17th in the industry, while the top performer reported a net profit of 2.175 billion yuan [2] Financial Ratios - As of Q3 2025, Taihao Technology's debt-to-asset ratio was 64.71%, down from 68.86% year-on-year, significantly higher than the industry average of 32.84% [3] - The gross profit margin for Q3 2025 was 19.87%, an increase from 18.03% year-on-year, but still below the industry average of 34.84% [3] Executive Compensation - The chairman, Li Ziqiang, received a salary of 525,000 yuan in 2024, a decrease of 76,800 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 13.88% to 96,900, while the average number of circulating A-shares held per shareholder increased by 16.12% to 8,709.79 [5]

股票代码：600590 股票简称：泰豪科技 公告编号：临 2025-062 泰豪科技股份有限公司 一、本次交易的基本情况 泰豪科技股份有限公司（以下简称"公司"）拟通过发行股份的方式向北京 国发航空发动机产业投资基金中心（有限合伙）、中兵国调（厦门）股权投资基 金合伙企业（有限合伙）、中兵投资管理有限责任公司、重庆泰和峰私募股权投 资基金合伙企业（有限合伙）、榆林市煤炭资源转化引导基金合伙企业（有限合 伙）购买其合计持有的江西泰豪军工集团有限公司 27.46%股权（以下简称"本 次交易"）。 根据《上市公司重大资产重组管理办法》等相关法律法规规定，本次交易不 构成重大资产重组，预计构成关联交易，不构成重组上市，本次交易不会导致公 司实际控制人发生变更。 二、本次交易的历史披露情况 因筹划本次交易，根据上海证券交易所的相关规定，经公司申请，公司股票 （股票简称：泰豪科技；股票代码：600590）自 2025 年 3 月 24 日开市起停牌。 具体内容详见公司于 2025 年 3 月 25 日披露的《关于筹划发行股份购买资产暨关 联交易事项停牌公告》（公告编号：临 2025-017）。 关于发行股份购买资产暨关联 ...

泰豪科技公告称，公司拟发行股份购买北京国发航空发动机产业投资基金等合计持有的江西泰豪军工集 团27.46%股权，不构成重大资产重组，预计构成关联交易。公司股票于2025年3月24日开市起停牌，4 月8日开市起复牌。目前，公司将继续推进交易，协调完成标的公司审计、评估，协商确定交易细节， 待完成后再召开董事会审议。本次交易尚需多方决策、审批，能否实施存在不确定性。 ...

公司最新毛利率为19.87%，较上季度毛利率增加0.15个百分点，较去年同期毛利率增加1.84个百分点。最新ROE为1.53%，在已披露的同业公司中排名第 22，较去年同期ROE增加7.65个百分点。 公司摊薄每股收益为-0.07元，较去年同报告期摊薄每股收益增加0.17元。 公司最新总资产周转率为0.24次，在已披露的同业公司中排名第16，较去年同期总资产周转率增加0.05次，实现2年连续上涨，同比较去年同期上涨 24.03%。最新存货周转率为0.92次，在已披露的同业公司中排名第19。 公司股东户数为9.69万户，前十大股东持股数量为3.46亿股，占总股本比例为40.55%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 同方股份有限公司 | 19.6. | | 2 | 泰豪集团有限公司 | 15.0 | | 3 | 黄志成 | 1.29 | | 4 | 深圳市高新投集团有限公司 | 1.19 | | 5 | 香港中央结算有限公司 | 0.90 | | 6 | 上海浦东发展银行股份有限公司-财通资管数字经济混合型发起式证券投资基金 | 0 ...

Core Points - The board of directors and senior management of the company guarantee the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any misrepresentation or omissions [2][3]. Financial Data Summary - The financial report for the third quarter is not audited, and the main financial data is presented in RMB [3]. - Non-recurring gains and losses include a loss of 17.10 million yuan from financial assets, with a gain of 31.66 million yuan from Guokai Military Industry and a loss of 48.78 million yuan from other financial assets' fair value changes [4]. - The report indicates that the company has not recognized any significant changes in accounting data or financial indicators [5]. Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders are provided, with specific details about the shares held by Shenzhen High-tech Investment Group Co., Ltd. [5][6]. - A significant portion of the shares held by Shenzhen High-tech Investment Group is still under lock-up due to performance compensation issues related to the original shareholder [6]. Other Important Information - The financial statements for the first nine months of 2025 are prepared but are not audited [6][7]. - The company will not apply new accounting standards or interpretations starting from 2025 [7].

智通财经APP讯，泰豪科技(600590.SH)披露2025年第三季度报告，公司前三季度实现营收29.03亿元， 同比增长12.40%;归母净利润4901万元，同比扭亏为盈;扣非净利润5151万元，同比扭亏为盈;基本每股收 益0.0575元。 ...

Financial Performance - The company's revenue for the third quarter reached ¥1,044,505,217.05, representing a year-on-year increase of 25.29%[6] - The total profit for the quarter was a loss of ¥36,811,854.15, while the net profit attributable to shareholders was a loss of ¥56,227,469.47[6] - Basic and diluted earnings per share for the quarter were both -¥0.0659, compared to ¥0.0575 for the same period last year[7] - Total operating revenue for the first three quarters of 2025 reached ¥2,902,949,217.69, an increase of 12.43% compared to ¥2,582,655,443.32 in the same period of 2024[21] - Total operating costs for the first three quarters of 2025 were ¥2,802,350,159.12, up from ¥2,669,385,306.41 in 2024, reflecting a year-over-year increase of 4.93%[21] - Operating profit for the first three quarters of 2025 was ¥119,917,949.05, a significant recovery from a loss of ¥161,986,071.63 in the same period of 2024[22] - Net profit for the first three quarters of 2025 was ¥90,707,678.95, compared to a net loss of ¥183,356,244.63 in 2024, indicating a turnaround in profitability[22] - Earnings per share for the first three quarters of 2025 were ¥0.0575, compared to a loss per share of ¥0.2347 in the same period of 2024[23] Cash Flow - The cash flow from operating activities for the year-to-date period was a negative ¥216,015,447.65, reflecting a decrease of 254.45% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2025 was ¥3,056,502,270.31, down from ¥3,366,701,597.91 in 2024, a decrease of 9.23%[25] - The net cash flow from operating activities was -216,015,447.65, a decrease from 139,859,863.73 in the previous period[26] - Cash inflow from investment activities totaled 824,070,322.31, significantly higher than 183,671,842.89 in the prior period[26] - The net cash flow from financing activities was -452,149,619.60, compared to -183,140,511.46 previously, indicating increased cash outflows[27] - Cash received from investment recovery was 709,395,015.71, a substantial increase from 169,810,410.15[26] - Cash outflow for financing activities reached 4,153,829,484.96, up from 2,665,804,972.33 in the previous period[27] - The company received 2,420,260,000.00 in cash from borrowings, an increase from 1,998,801,549.93[27] - Cash paid for dividends and interest was 148,301,438.12, slightly lower than 165,170,757.24 in the previous period[27] - The cash inflow from other financing activities was 1,279,084,545.36, compared to 483,862,910.94 previously[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,289,060,837.48, an increase of 1.01% from the end of the previous year[7] - Total current assets as of September 30, 2025, amount to ¥9,401,476,894.09, an increase from ¥8,647,339,297.30 as of December 31, 2024[18] - Total non-current assets decreased to ¥2,887,583,943.39 from ¥3,518,443,101.64[19] - Total current liabilities decreased to ¥6,598,441,661.24 from ¥6,947,884,493.97[19] - Long-term borrowings increased to ¥1,149,126,250.00 from ¥562,268,846.40[19] - The total liabilities increased to ¥7,951,799,070.60 in 2025 from ¥7,912,841,083.16 in 2024, showing a slight increase of 0.49%[20] - Total equity attributable to shareholders increased to ¥3,197,851,933.34 in 2025 from ¥3,091,446,908.45 in 2024, reflecting a growth of 3.43%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 96,853[14] - The largest shareholder, Tongfang Co., Ltd., holds 167,315,574 shares, accounting for 19.62% of total shares[15] - The second largest shareholder, Taihao Group Co., Ltd., holds 128,569,272 shares, representing 15.07% of total shares, with 127,500,000 shares pledged[15] Future Outlook - The company plans to focus on revenue growth and margin improvement as part of its future strategy[12] - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[28] Other Financial Metrics - Non-recurring gains and losses for the quarter included government subsidies of ¥4,878,716.65 and losses from financial assets amounting to -¥57,685,089.11[9] - The company reported a decrease in expected credit impairment provisions for receivables, contributing to the overall profit performance[12] - The company reported a significant reduction in financial expenses, decreasing from ¥221,316,230.48 in 2024 to ¥151,897,426.27 in 2025, a reduction of approximately 31.4%[22] - The company’s deferred income tax liabilities decreased from ¥144,096,936.19 in 2024 to ¥45,527,645.67 in 2025, indicating a substantial reduction of 68.4%[20]

Core Insights - Taihao Technology reported a third-quarter revenue of 1.045 billion yuan, representing a year-on-year increase of 25.29% while net profit showed a loss of 56.2275 million yuan [1] - For the first three quarters, the company achieved a revenue of 2.903 billion yuan, marking a year-on-year growth of 12.40%, with a net profit of 49.0114 million yuan [1] Financial Performance - Third-quarter revenue: 1.045 billion yuan, up 25.29% year-on-year [1] - Third-quarter net profit: loss of 56.2275 million yuan [1] - Year-to-date revenue: 2.903 billion yuan, up 12.40% year-on-year [1] - Year-to-date net profit: 49.0114 million yuan [1]

Core Insights - The military electronics sector experienced a 0.62% increase on October 28, with Aerospace Development leading the gains [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 - Aerospace Development (000547) saw a closing price of 8.84, with a significant increase of 9.95% and a trading volume of 1.61 million shares [1] - Other notable gainers included *ST WanFang (000638) with a 4.98% increase, and Ruichuang Micro-Nano (688002) with a 4.20% increase [1] - Conversely, Huafeng Technology (688629) experienced a decline of 9.17%, with a trading volume of 316,400 shares and a transaction amount of 2.607 billion [2] Capital Flow - The military electronics sector saw a net outflow of 98.6033 million from institutional investors, while retail investors contributed a net inflow of 343 million [2] - The capital flow data indicates that Aerospace Development had a net inflow of 5.05 billion from institutional investors, while it faced a net outflow of 2.77 billion from speculative funds [3] - Other companies like Zhonghang Chengfei (302132) and Taimeng Technology (600590) also showed mixed capital flows, with significant outflows from speculative and retail investors [3]

泰豪科技今年以来股价涨77.12%，近5个交易日涨3.34%，近20日跌2.04%，近60日涨1.37%。 今年以来泰豪科技已经14次登上龙虎榜，最近一次登上龙虎榜为8月20日。 10月28日，泰豪科技盘中上涨2.02%，截至10:39，报9.60元/股，成交1.06亿元，换手率1.32%，总市值 81.88亿元。 资金流向方面，主力资金净流入811.91万元，特大单买入142.20万元，占比1.34%，卖出106.71万元，占 比1.01%；大单买入2534.59万元，占比23.91%，卖出1758.18万元，占比16.59%。 分红方面，泰豪科技A股上市后累计派现5.23亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，泰豪科技十大流通股东中，大摩数字经济混合A（017102）位居 第四大流通股东，持股911.55万股，相比上期减少64.08万股。永赢睿信混合A（019431）位居第六大流 通股东，持股504.16万股，相比上期减少424.98万股。中欧优质企业混合A（016311）位居第八大流通 股东，持股421.69万股，为新进股东。中银智能制造股票A（001476）位居第十 ...