Group 1 - The core viewpoint of the article is that Shenda Co., Ltd. (600626.SH) reported a decline in total operating revenue for the first three quarters of 2025, along with a reduced net loss compared to the previous year [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 7.878 billion yuan, representing a year-on-year decrease of 11.88% [1] - The net profit attributable to shareholders of the parent company was a loss of 25.407 million yuan, which is an improvement of 27.82 million yuan compared to the same period last year [1] - The basic earnings per share were reported at -0.0192 yuan [1]

证券代码：600626 证券简称：申达股份 公告编号：2025-030 上海申达股份有限公司 第十二届董事会第三次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 表决结果：同意 9 票，反对 0 票，弃权 0 票 特此公告。 上海申达股份有限公司董事会 二、董事会会议审议情况 本次会议审议通过了以下议案： （一）2025 年第三季度报告 主要内容：公司 2025 年第三季度报告全文刊载于上海证券交易所网站 （www.sse.com.cn）。 公司 2025 年第三季度报告在提交董事会审议前已经第十二届董事会审计委 员会 2025 年度第三次会议审议通过。 公司审计委员会对公司 2025 年第三季度报告发表如下审核意见： 公司 2025 年第三季度报告的编制和审议程序符合法律、法规和《公司章程》 以及公司内部管理制度的各项规定；内容和格式符合中国证监会和证券交易所等 各项规定，所包含的信息能真实、准确、完整反映了公司报告期内的经营管理和 财务状况等事项；在提出本意见前，未发现参与 20 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 2,643,042,394.08, a decrease of 7.84% compared to the same period last year[5] - The total profit for the year-to-date period reached CNY 47,697,511.23, reflecting an increase of 34.04% year-on-year[5] - The net profit attributable to shareholders was CNY 28,229,683.64, a significant recovery from a loss of CNY 25,406,915.80 in the previous year[5] - Total revenue for the first three quarters of 2025 was CNY 7,877,515,626.73, a decrease of 11.88% compared to CNY 8,939,723,830.79 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 4,130,743.61, an improvement from a loss of CNY 19,626,192.44 in the same period of 2024[20] Earnings and Shareholder Returns - The basic earnings per share for the quarter was CNY 0.0214, compared to a loss of CNY 0.0192 per share in the same period last year[6] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.0192, an improvement from CNY -0.0403 in 2024[21] - The weighted average return on equity increased to 0.88%, up by 4.24 percentage points from the previous year[6] Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,081,485,187.78, a decrease of 1.49% from the end of the previous year[6] - The company's total assets decreased from CNY 10,234,367,753.33 to CNY 10,081,485,187.78, a decline of 1.49%[17] - Total liabilities decreased from CNY 6,708,570,272.96 to CNY 6,511,123,933.87, a reduction of 2.93%[17] - The company's equity attributable to shareholders increased from CNY 3,187,333,480.06 to CNY 3,212,567,206.43, an increase of 0.79%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 280,981,015.67, down by 31.64% compared to the same period last year[5] - In the first three quarters of 2025, the cash inflow from operating activities totaled ¥8,928,565,391.05, a decrease of 14.3% compared to ¥10,417,674,596.75 in the same period of 2024[23] - The cash received from the disposal of fixed assets and other long-term assets was ¥5,694,131.64, up from ¥1,999,990.89 in the previous year[24] - The cash paid for purchasing goods and services was ¥6,200,781,912.41, a decrease from ¥7,139,178,063.00 in the same period last year[24] Investments and Income - The company reported a significant increase in investment income from joint ventures and associates, contributing an additional CNY 61,613,900 to profits year-on-year[9] - The company reported an investment income of CNY 108,795,077.84, compared to CNY 49,732,767.19 in the previous year, indicating a substantial increase of 118.00%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 42,448[12] - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., holds 520,514,373 shares, accounting for 39.41% of total shares[12] Current Assets - Total current assets as of September 30, 2025, amount to ¥4,913,325,398.86, a decrease from ¥5,051,820,988.38 as of December 31, 2024[15] - Cash and cash equivalents are reported at ¥1,708,650,811.62, down from ¥1,912,167,367.55[15] - Accounts receivable decreased to ¥1,707,565,481.90 from ¥1,778,718,737.75[16] - Inventory increased to ¥857,481,481.01 from ¥765,683,796.08, indicating a growth of approximately 11.97%[16] - Long-term equity investments rose to ¥824,727,378.56 from ¥765,116,464.10, reflecting an increase of about 7.79%[16] - Non-current assets total ¥5,168,159,788.92, slightly down from ¥5,182,546,764.95[16] Operational Insights - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[9] - There are no other important reminders regarding the company's operational situation during the reporting period[14] - The company has no significant changes in major shareholders due to securities lending activities[13] Expenses - Research and development expenses for the first three quarters of 2025 were CNY 92,999,658.36, slightly down from CNY 93,177,708.96 in 2024[20] - Financial expenses increased significantly from CNY 140,933,234.49 in 2024 to CNY 233,921,997.75 in 2025, marking a rise of 66.00%[20] Non-Recurring Items - Non-recurring gains and losses for the quarter amounted to CNY 1,571,761.13, with government subsidies contributing CNY 2,742,396.84[8]

Core Insights - The automotive parts sector experienced a rise of 1.54% on October 24, with Meili Technology leading the gains [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] Automotive Parts Sector Performance - Meili Technology (300611) closed at 35.18, with a significant increase of 10.77% and a trading volume of 304,900 shares [1] - Other notable gainers included: - Qingdao Double Star (000599) at 6.33, up 10.09% with a volume of 515,800 shares [1] - Xinquan Co. (603179) at 73.59, up 10.00% with a volume of 264,900 shares [1] - Shenglong Co. (603178) at 22.88, up 10.00% with a volume of 291,800 shares [1] - Aerospace Science and Technology (000901) at 18.62, up 9.98% with a volume of 322,600 shares [1] Fund Flow Analysis - The automotive parts sector saw a net inflow of 1.289 billion yuan from main funds, while retail investors experienced a net outflow of 109 million yuan [2] - The sector's overall trading activity indicates a strong interest from institutional investors despite some outflows from retail investors [2]

Core Points - The stock price of Shenda Co., Ltd. dropped by 5.13% to 5.36 CNY per share, with a trading volume of 215 million CNY and a turnover rate of 3.52%, resulting in a total market capitalization of 7.079 billion CNY [1] Company Overview - Shenda Co., Ltd. is located at 1500 Jiangning Road, Shanghai, and was established on December 11, 1986, with its listing date on January 7, 1993. The company primarily engages in textile import and export as well as industrial textile business [1] - The revenue composition of Shenda Co., Ltd. is as follows: 78.03% from manufacturing, 22.46% from trade services, 0.14% from leasing income, and 0.10% from headquarters and property [1] Shareholder Information - Among the top ten circulating shareholders of Shenda Co., Ltd., one fund under Huaxia Fund, the Huaxia CSI 500 Index Enhanced A (007994), has newly entered the list in the second quarter, holding 7.415 million shares, which accounts for 0.67% of the circulating shares. The estimated floating loss today is approximately 2.1504 million CNY [2] - The Huaxia CSI 500 Index Enhanced A (007994) was established on March 25, 2020, with a latest scale of 3.135 billion CNY. Year-to-date returns are 25.16%, ranking 1994 out of 4218 in its category; the one-year return is 27.17%, ranking 1530 out of 3875; and since inception, the return is 130.92% [2]

Group 1 - The core point of the news is that Shenda Co., Ltd. experienced a stock price increase of 5.27%, reaching 5.59 CNY per share, with a trading volume of 286 million CNY and a turnover rate of 4.76%, resulting in a total market capitalization of 7.383 billion CNY [1] - Shenda Co., Ltd. is located at 1500 Jiangning Road, Shanghai, and was established on December 11, 1986, with its listing date on January 7, 1993. The company's main business involves textile import and export as well as industrial textiles [1] - The revenue composition of Shenda Co., Ltd. is as follows: manufacturing accounts for 78.03%, trade services for 22.46%, rental income for 0.14%, and headquarters and property for 0.10% [1] Group 2 - Among the top ten circulating shareholders of Shenda Co., Ltd., one fund under Huaxia Fund has entered the list, specifically the Huaxia CSI 500 Index Enhanced A (007994), which holds 7.415 million shares, representing 0.67% of the circulating shares [2] - The Huaxia CSI 500 Index Enhanced A (007994) was established on March 25, 2020, with a latest scale of 3.135 billion CNY. Year-to-date returns are 25.04%, ranking 2054 out of 4218 in its category; the one-year return is 28.25%, ranking 1610 out of 3869; and since inception, the return is 130.69% [2] - The fund manager of Huaxia CSI 500 Index Enhanced A (007994) is Sun Meng, who has been in the position for 5 years and 221 days, with a total fund asset size of 10.461 billion CNY. The best fund return during his tenure is 127.98%, while the worst is 18.79% [2]

Market Overview - The automotive parts sector increased by 1.54% on October 21, with Shentong Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Gainers in Automotive Parts Sector - Shentong Technology (605228) closed at 18.82, up 9.99% with a trading volume of 280,000 shares and a transaction value of 511 million [1] - Bohai Automobile (600960) closed at 6.07, up 9.96% with a trading volume of 618,600 shares and a transaction value of 365 million [1] - Shenda Co. (600626) closed at 5.31, up 9.94% with a trading volume of 408,100 shares and a transaction value of 211 million [1] - Hengbo Co. (301225) closed at 92.13, up 8.85% with a trading volume of 27,300 shares and a transaction value of 245 million [1] - Biaobang Co. (301181) closed at 40.12, up 8.43% with a trading volume of 87,500 shares and a transaction value of 337 million [1] Market Capital Flow - The automotive parts sector saw a net inflow of 1.371 billion in main funds, while retail funds experienced a net outflow of 669 million and 703 million respectively [2] - The overall trend indicates a strong interest from institutional investors compared to retail investors [2] Individual Stock Fund Flow - Top fund inflow for Top Group (601689) was 592 million, with a net outflow from retail investors of 426 million [3] - Junsheng Electronics (600699) had a net inflow of 405 million from main funds, while retail investors saw a net outflow of 519 million [3] - New Spring Co. (603179) recorded a net inflow of 154 million from main funds, with retail investors experiencing a net outflow of 113 million [3]

Core Points - The Shanghai Composite Index is at 3894.66 points, above the five-day moving average, with an increase of 0.80% [1] - The total trading volume of A-shares today is 801.82 billion [1] - A total of 1401 A-shares have surpassed the five-day moving average, indicating a positive market trend [1] Summary by Category Stock Performance - Zhongyu Technology (证券代码: 920694) has a significant increase of 29.96% with a deviation rate of 22.65% from the five-day moving average [2] - LIGONG Optical (证券代码: 300557) shows a rise of 14.88% and a deviation rate of 11.33% [2] - Guanzhong Ecology (证券代码: 300948) increased by 19.99% with a deviation rate of 11.15% [2] Trading Metrics - The trading turnover rate for Zhongyu Technology is 14.61% [2] - LIGONG Optical has a turnover rate of 5.84% [2] - Guanzhong Ecology's turnover rate stands at 15.96% [2] Moving Average Data - The five-day moving average for Zhongyu Technology is 20.44 yuan, with the latest price at 25.07 yuan [2] - LIGONG Optical's five-day moving average is 26.34 yuan, with the latest price at 29.33 yuan [2] - Guanzhong Ecology has a five-day moving average of 19.82 yuan, with the latest price at 22.03 yuan [2]

Core Viewpoint - Shenda Co., Ltd. (stock code: sh600626) experienced a limit-up on October 21, 2025, with a closing price of 5.31 yuan, reflecting a 9.94% increase, and a total market capitalization of 7.013 billion yuan [1] Group 1: Company Performance and Market Dynamics - The primary business of Shenda Co., Ltd. includes automotive interiors, acoustic components, textile new materials, and import-export trade, with automotive interiors being the largest segment [2] - The recovery of the automotive industry is expected to increase order demand from major automakers, providing stable performance support for the company and driving stock price growth [2] - The company is set to release its Q3 report on October 31, 2025, and there are positive market expectations regarding its performance, leading investors to buy shares ahead of the announcement [2] - Recent data indicates that the automotive parts sector has seen several companies with performance upgrades, contributing to a sector-wide positive sentiment that benefits Shenda's stock [2] Group 2: Technical Analysis and Fund Flow - On October 21, 2025, there was a net inflow of large orders into Shenda's stock, indicating interest from major funds [2] - The technical indicators for the stock, such as the MACD, have formed a bullish crossover, and short-term moving averages are in a bullish arrangement, providing technical support for the stock price increase [2]

Core Viewpoint - A-shares experienced a significant rally on October 15, with major indices rising over 1%, indicating a strong market sentiment and broad participation from investors [2][3]. Market Performance - The Shanghai Composite Index rose by 1.14% to 3909.41, while the Shenzhen Component Index increased by 1.72% to 13117.33 [3]. - A total of 4110 stocks rose, with only 1153 declining, showcasing a bullish trend across the market [3]. - The total trading volume reached 1.59 billion hands, with a turnover of 424.136 billion, reflecting active trading [4]. Sector Performance - Key sectors such as electric equipment, automotive, electronics, and pharmaceuticals saw substantial gains [6]. - The electric equipment sector led the charge, with stocks like HeShun Electric and JinPan Technology hitting the daily limit of 20% increase [7][8]. - The automotive sector also witnessed a surge, with companies like MeiLi Technology and BoHai Automotive reaching their daily limit [9]. Notable Stocks - In the electric equipment sector, notable performers included: - HeShun Electric: 20.04% increase to 13.18 [8] - JinPan Technology: 20.00% increase to 69.41 [8] - In the automotive sector, key stocks included: - MeiLi Technology: 20.00% increase to 34.02 [9] - BoHai Automotive: 10.07% increase to 6.12 [9].