Core Insights - XinYuan Intelligent Manufacturing, established in June 1992 and listed on the Shanghai Stock Exchange in September of the same year, is a significant player in the domestic metal products sector with strong technical expertise and production capabilities [1] Group 1: Business Performance - For Q3 2025, XinYuan reported revenue of 474 million yuan, ranking 30th among 31 companies in the industry, while the industry leader, China Aluminum, achieved revenue of 176.516 billion yuan [2] - The company's main revenue sources include agricultural machinery, general machinery, and garden machinery products, generating 251 million yuan, accounting for 76.48% of total revenue [2] - Net profit for the same period was 2.4957 million yuan, placing it 25th in the industry, with the industry leader, China Aluminum, reporting a net profit of 17.296 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, XinYuan's debt-to-asset ratio was 33.35%, significantly lower than the industry average of 46.20%, indicating strong solvency [3] - The gross profit margin for the period was 12.76%, an increase from 10.29% year-on-year, surpassing the industry average of 10.69% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.61% to 14,600, while the average number of circulating A-shares held per shareholder decreased by 2.55% to 15,400 [5]

Core Viewpoint - Xinyuan Intelligent Manufacturing (600615.SH) reported significant growth in its third-quarter results for 2025, indicating strong operational performance and profitability [1] Financial Performance - The company achieved a total operating revenue of 474 million yuan in the first three quarters of 2025, representing a year-on-year increase of 343.67% [1] - The net profit attributable to shareholders of the parent company was 5.7951 million yuan, reflecting a year-on-year growth of 24.76% [1] - The basic earnings per share stood at 0.026 yuan [1]

证券代码：600615 证券简称：鑫源智造 公告编号：临 2025-41 重庆鑫源智造科技股份有限公司 关于为控股子公司提供财务资助暨关联交易的公告 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： 重庆鑫源智造科技股份有限公司（以下简称"公司"）拟向控股子公司 重庆鑫源农机股份有限公司（以下简称"鑫源农机"）提供3,000万元的借款额 度，在此额度内可以循环使用，借款期限不超过1年，利率按银行贷款市场报价 利率。 本次财务资助涉及关联交易，在董事会权限范围内，无需提交股东会审 议。 本次提供财务资助的对象为公司控股子公司，公司能够对其实施有效的 业务、资金管理和风险控制，确保公司资金安全。本次财务资助事项整体风险可 控，借款利率公平合理，不存在损害公司及股东、特别是中小股东利益的情形。 一、财务资助事项暨关联交易概述 为支持鑫源农机业务发展，满足其资金周转及日常生产经营需要，在不影响 公司自身正常经营及资金使用的情况下，公司为鑫源农机提供不超过3,000万元 的借款额度,用于其主营业务相关的一般流动资金，借款期 ...

重庆鑫源智造科技股份有限公司 关于计提信用及资产减值准备的公告 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。 重庆鑫源智造科技股份有限公司（以下简称"公司"）于2025年10月30日召 开的第十届董事会第二十四次会议审议通过了《关于计提信用及资产减值准备的 议案》，公司2025年1-9月计提信用及资产减值损失734.96万元、资产报废损失 13.12万元，现将具体情况公告如下： 证券代码：600615 证券简称：鑫源智造 公告编号：临 2025-40 2、根据企业会计准则的相关规定，公司于2025年9月末对各项资产进行清查， 根据谨慎性原则、实质重于形式原则，预计各项资产可能发生的损失，计提了固 定资产减值损失8.68万元。 一、计提信用及资产减值损失和资产报废损失总体情况 根据《企业会计准则》《上海证券交易所股票上市规则》及公司会计政策等 相关规定，为真实、准确地反映公司截至2025年9月30日的财务状况、资产价值， 基于谨慎性原则，公司对可能存在减值迹象的相关资产计提减值损失以及相关资 产报废损失，明细如下： | 项目名 ...

Core Insights - XinYuan Intelligent Manufacturing reported a Q3 revenue of 145 million yuan, representing a year-on-year increase of 267.52% [1] - The company experienced a net loss of 3.99 million yuan in Q3, a decline of 290.16% compared to the previous year [1] - For the first three quarters, revenue reached 474 million yuan, up 343.67% year-on-year, while net profit stood at 5.80 million yuan, an increase of 24.76% [1] Financial Performance - Q3 revenue: 145 million yuan, up 267.52% year-on-year [1] - Q3 net loss: 3.99 million yuan, down 290.16% year-on-year [1] - Year-to-date revenue: 474 million yuan, up 343.67% year-on-year [1] - Year-to-date net profit: 5.80 million yuan, up 24.76% year-on-year [1]

证券代码：600615 证券简称：鑫源智造 公告编号：临 2025-39 重庆鑫源智造科技股份有限公司 关于第十届董事会第二十四次会议决议公告 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。 一、董事会会议召开情况 重庆鑫源智造科技股份有限公司（以下简称"公司"）第十届董事会第二十 四次会议于2025年10月20日以电子邮件的方式发出会议通知，于2025年10月30 日以通讯表决的方式召开，会议应参与表决董事9人，实际表决董事9人。本次会 议的召集、召开符合有关法律法规和《公司章程》的规定。 二、董事会审议情况 1、审议通过《2025年第三季度报告》 表决结果：同意9票，反对0票，弃权0票 具体内容详见上海证券交易所网站www.sse.com.cn同日披露的《2025年第三 季度报告》。 2、审议通过《关于计提信用及资产减值准备的议案》 表决结果：同意9票，反对0票，弃权0票 具体内容详见上海证券交易所网站www.sse.com.cn同日披露的《关于计提信 用及资产减值准备的公告》。 3、审议通过《关于为控股子公司提供财务资助 ...

Core Viewpoint - Xinyuan Intelligent Manufacturing (鑫源智造) plans to establish a production base in Vietnam to expand its agricultural machinery market overseas [1][2]. Group 1: Investment and Expansion - The company intends to set up a subsidiary named "Vietnam Xinyuan Power Equipment Machinery Co., Ltd." with a registered capital of $2.5 million, located in Haiphong, Vietnam [1]. - The total investment for the first phase of the Vietnam production base is approximately $6.9444 million (around 50 million RMB) [2]. - This investment aims to resolve the issue of competition with its controlling shareholder, Dongfang Xinyuan Group, and to quickly establish production for agricultural machinery products [2]. Group 2: Financial Performance - In the first half of 2025, Xinyuan Intelligent Manufacturing achieved revenue of 329 million RMB, a year-on-year increase of 388.33%, and a net profit of 9.787 million RMB, up 284.45% [3]. - The subsidiary Xinyuan Agricultural Machinery contributed 256 million RMB in revenue and 5.2202 million RMB in net profit, accounting for 77.81% and 53.34% of the total revenue and net profit, respectively [3]. Group 3: Strategic Direction - The company is focusing on outdoor operation equipment, starting with agricultural machinery and planning to expand into intelligent manufacturing fields such as drones and robots [3]. - Xinyuan Intelligent Manufacturing's total assets grew from 677 million RMB in 2020 to 1.217 billion RMB in 2024, marking a 79.76% increase, and reached a historical high of 1.232 billion RMB by mid-2025 [3].

Investment Overview - The company plans to establish a subsidiary in Vietnam, named Vietnam Shiny Power Equipment Machinery Co., Ltd, with an investment of approximately $6.9444 million (around 50 million RMB) to address competition issues and expand its agricultural machinery production [2][3] - The investment will be executed through the company's subsidiary, Chongqing Xinyuan Agricultural Machinery Co., Ltd, and aims to build a production base for agricultural machinery in Vietnam [3][12] - The investment is expected to be implemented in phases based on market demand and business development, with the first phase's total investment amount subject to approval by relevant authorities [3][5] Board Approval - The company's board of directors approved the investment proposal with unanimous consent during a meeting held on September 22, 2025, and authorized management to handle related matters [4][5] Financial and Operational Impact - The investment is not classified as a related party transaction or a significant asset restructuring, and it is expected to enhance the company's international market presence and operational capabilities [5][12] - The establishment of the Vietnam production base is projected to be completed by early 2026, which will significantly reduce the company's related transactions with its controlling shareholder and resolve competition issues [8][12] Company Background - Chongqing Xinyuan Agricultural Machinery Co., Ltd is a wholly-owned subsidiary of the company, with a registered capital of 37.5 million RMB and a focus on manufacturing and selling various machinery products [10][11] - The company has a solid credit status and has not been listed as a dishonest executor [11]

证券代码：600615 证券简称：鑫源智造 公告编号：临 2025-38 重庆鑫源智造科技股份有限公司 关于控股子公司对外投资暨设立境外子公司的公告 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： 际投资金额以中国及越南当地主管部门批准金额为准，主要用于厂房装修、设备 采购、铺底流动资金等相关投资。 风险提示：本次对外投资事项尚需履行境内对境外投资的审批或备案手 续，以及越南当地投资许可和企业登记等审批或登记程序，能否顺利实施存在一 定的不确定性；本次对外投资的建设周期及规模等可能根据外部环境变化、业务 发展需要等情况作相应调整，且因境外国家及地区政治、法律、经济、文化等环 境与国内存在较大差异性，对外投资过程中可能存在一定经营及管理风险，因此 投资事项进展及效果能否达到预期存在一定不确定性。敬请广大投资者注意投资 风险。 一、对外投资概述 （一）对外投资基本情况 重庆鑫源智造科技股份有限公司（以下简称"公司"）为解决控股股东东方 鑫源集团有限公司控制主体VIETNAM SHINERAY MOTORS CO., ...

Group 1 - The company plans to establish a new subsidiary in Vietnam through its controlling subsidiary, Chongqing Xinyuan Agricultural Machinery Co., Ltd., to build an agricultural machinery production base to meet the needs of overseas market expansion [1] - The construction of the Vietnam production base will be implemented in phases based on market demand and business development [1] - The total investment for the first phase is approximately 6.9444 million USD, primarily for factory renovation, equipment procurement, and working capital [1]