Core Viewpoint - The coking coal sector experienced a decline of 0.36% on October 31, with Antai Group leading the losses. The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1]. Group 1: Market Performance - The coking coal sector's stocks showed mixed performance, with Yunwei Co. rising by 1.64% to a closing price of 3.71, while Antai Group fell by 2.81% to 3.11 [1]. - The trading volume for Yunwei Co. was 225,000 shares, with a transaction value of approximately 82.65 million yuan, while Antai Group had a trading volume of 1.38 million shares [1]. Group 2: Capital Flow - The coking coal sector saw a net outflow of 154 million yuan from main funds, while retail investors contributed a net inflow of 105 million yuan [1]. - Individual stocks within the sector experienced varied capital flows, with Yunwei Co. having a net inflow of 749,100 yuan from main funds, while Antai Group faced a net outflow of 17.39 million yuan [2].

Group 1 - The core viewpoint of the article highlights that Yunwei Co., Ltd. reported a significant decline in revenue and incurred a net loss in the third quarter of 2025 [1] - The company's revenue for the first three quarters of 2025 was approximately 443 million yuan, representing a year-on-year decrease of 19.62% [1] - The net profit attributable to shareholders was a loss of approximately 17.32 million yuan, with basic earnings per share reflecting a loss of 0.0141 yuan [1] Group 2 - As of the report, Yunwei Co., Ltd. has a market capitalization of 4.6 billion yuan [1]

Core Viewpoint - Yunwei Co., Ltd. (600725.SH) reported a significant decline in revenue and incurred losses in the third quarter of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 443 million yuan in the first three quarters, representing a year-on-year decrease of 19.62% [1] - The net profit attributable to shareholders was a loss of 17.32 million yuan [1] - The non-recurring net profit also showed a loss of 17.88 million yuan [1] - The basic earnings per share were reported at -0.0141 yuan [1]

Core Viewpoint - Yunwei Co., Ltd. (600725.SH) reported a significant decline in revenue and an increase in net loss for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 443 million yuan, representing a year-on-year decrease of 19.62% [1] - The net profit attributable to shareholders of the parent company was -17.32 million yuan, which is a deterioration of 8.20 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.0141 yuan [1]

证券代码：600725 证券简称：云维股份 公告编号：临 2025-051 云南云维股份有限公司 第十届监事会第十次会议决议公告 本公司监事会及全体监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、以 3 票同意，0 票反对，0 票弃权，审议通过了《公司 2025 年第三季度 报告》，并出具了《对董事会编制的公司 2025 年第三季度报告的审核意见》。 公司监事会对董事会编制的 2025 年第三季度报告进行了认真的审核，并提 出如下审核意见： 1.公司 2025 年第三季度报告的编制和审议程序符合法律、法规、《公司章程》 和公司内部管理制度的各项规定； 2.公司 2025 年第三季度报告的内容和格式符合中国证监会和上海证券交易 所的各项规定，所包含的信息能从各个方面真实准确反映公司的经营管理成果和 财务状况； 3.在公司监事会提出本意见前，未发现参与公司 2025 年第三季度报告编制 和审议的人员有违反保密规定的行为。 云南云维股份有限公司监事会 2025 年 10 月 30 日 特此公告。 1 云南云维股份有限公司（以下简称"公司"） ...

一、以 9 票同意，0 票反对，0 票弃权，审议通过了《公司 2025 年第三季度 报告》。 本议案经董事会审计委员会会议审议通过。 第十届董事会第十五次会议决议公告 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。 云南云维股份有限公司（以下简称"公司"）第十届董事会第十五次会议于 2025 年 10 月 29 日在云南省昆明市日新中路 393 号广福城写字楼 20 层公司多功 能会议室以现场表决方式召开，会议通知于 2025 年 10 月 22 日通过书面及电讯 形式发出，会议应当出席董事 9 名，实际出席董事 9 名，公司董事长刘磊先生主 持会议，公司监事和部分高级管理人员列席了会议，本次会议的召集、召开和表 决程序符合《公司法》及《公司章程》的规定。 会议以记名投票表决方式审议通过了以下议案： 证券代码：600725 证券简称：云维股份 公告编号：临 2025-050 云南云维股份有限公司 具体内容详见公司同日披露的《云维股份 2025 年第三季度报告》。 特此公告。 云南云维股份有限公司董事会 2025 年 10 ...

Core Insights - The coke sector experienced a significant increase of 4.37% on October 29, with Antai Group leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Sector Performance - Antai Group (600408) closed at 3.55, with a rise of 9.91% and a trading volume of 2.9828 million shares, totaling a transaction value of 1.041 billion [1] - Meijin Energy (000723) saw a closing price of 5.28, up 7.98%, with a trading volume of 3.9817 million shares and a transaction value of 2.102 billion [1] - Shaanxi Black Cat (601015) closed at 4.66, increasing by 3.10%, with a trading volume of 1.6032 million shares and a transaction value of 734 million [1] - Shanxi Coking Coal (600740) closed at 4.45, up 2.30%, with a trading volume of 1.0476 million shares and a transaction value of 462 million [1] - Baotailong (601011) closed at 4.02, with a slight increase of 1.01%, trading 2.5473 million shares for a total of 1.009 billion [1] - Yunnan Coal Energy (600792) closed at 4.79, up 0.84%, with a trading volume of 87580 shares and a transaction value of 417 million [1] - Yunwei Co. (600725) closed at 3.72, with a minor increase of 0.81%, trading 22770 shares for a total of 83.966 million [1] Capital Flow - The coke sector saw a net inflow of 408 million from main funds, while retail investors experienced a net outflow of 314 million [1] - Meijin Energy had a main fund net inflow of 4.05 billion, but retail investors saw a net outflow of 2.15 billion [2] - Antai Group experienced a main fund net inflow of 23.137 million, with retail investors also seeing a net outflow of 850.34 million [2] - Shanxi Coking Coal had a main fund net inflow of 18.4248 million, while retail investors faced a net outflow of 34.1216 million [2] - Shaanxi Black Cat recorded a main fund net inflow of 16.8386 million, with retail investors experiencing a net outflow of 2.44071 million [2] - Yunnan Coal Energy had a main fund net inflow of 6.0287 million, but retail investors faced a net outflow of 2.36912 million [2] - Yunwei Co. had a negligible main fund net outflow of 1.249 million, with retail investors also seeing a net outflow of 58.71 million [2] - Baotailong faced a significant main fund net outflow of 61.3759 million, while retail investors had a net outflow of 756.54 million [2]

Financial Performance - The company's operating revenue for the third quarter was ¥116,125,411.48, a decrease of 25.56% compared to the same period last year[5] - The total profit for the quarter was -¥2,787,319.45, with a year-to-date total profit of -¥17,846,253.47[5] - The net profit attributable to shareholders was -¥2,787,319.45 for the quarter, and -¥17,317,521.69 year-to-date[5] - The basic earnings per share for the quarter was -¥0.0023, and -¥0.0141 year-to-date[5] - Total operating revenue for the first three quarters of 2025 was CNY 442,736,295.75, a decrease of 19.6% compared to CNY 550,820,641.81 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of CNY 17,317,521.69, compared to a loss of CNY 9,113,864.05 in the same period of 2024, representing an increase in loss of 90.5%[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.0141, compared to CNY -0.0074 in the same period of 2024[22] - The total comprehensive income for the period is -1,816,107.49 RMB, compared to -1,836,548.97 RMB in the previous period, showing a slight improvement[31] - Basic and diluted earnings per share for the period are both -0.00147 RMB, slightly better than -0.00149 RMB in the previous period[31] Cash Flow - The company's cash flow from operating activities year-to-date was -¥56,622,911.56, indicating a significant cash outflow[5] - Cash flow from operating activities for the first three quarters of 2025 was negative CNY 56,622,911.56, a significant decline from positive cash flow of CNY 2,404,257.03 in the same period of 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 is -38,041,768.03 RMB, compared to 57,931,297.21 RMB in the same period of 2024, indicating a significant decline[33] - Total cash inflow from operating activities in the first three quarters of 2025 is 313,039,606.92 RMB, down 37.4% from 499,676,359.63 RMB in 2024[33] - The total cash outflow from operating activities in the first three quarters of 2025 is 351,081,374.95 RMB, a decrease of 20.5% compared to 441,745,062.42 RMB in 2024[33] - The company’s cash flow from financing activities showed a net inflow of 22,827,736.02 CNY, contrasting with a net outflow of -9,885,047.99 CNY in the previous period[24] - The net cash flow from investing activities for the first three quarters of 2025 is -39,192,942.39 RMB, slightly worse than -37,931,039.66 RMB in 2024[34] - Cash inflow from investment activities in the first three quarters of 2025 is 395,826,911.11 RMB, a significant increase from 48,068,960.34 RMB in 2024[34] Assets and Liabilities - Total assets decreased by 8.71% to ¥345,429,953.99 compared to the end of the previous year[6] - The total current assets decreased from 366,709,418.49 RMB to 334,699,413.45 RMB, a decline of approximately 8.73%[16] - Total assets decreased from 378,394,617.52 RMB to 345,429,953.99 RMB, a decline of about 8.70%[16] - Fixed assets decreased from 1,213,043.93 RMB to 900,883.59 RMB, a reduction of approximately 25.67%[16] - The total liabilities decreased to CNY 65,194,004.50 in 2025 from CNY 80,838,165.71 in 2024, reflecting a reduction of 19.4%[20] - The total equity attributable to shareholders decreased to CNY 280,235,949.49 in 2025 from CNY 297,556,451.81 in 2024, a decline of 5.8%[20] - The total assets decreased to 383,383,107.75 CNY from 413,264,610.37 CNY year-over-year[29] - The total liabilities decreased to 33,305,286.41 CNY from 61,370,681.54 CNY year-over-year, indicating a reduction in financial obligations[28] - The company’s total equity decreased to 350,077,821.34 CNY from 351,893,928.83 CNY year-over-year, reflecting a slight decline in shareholder value[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,044[13] - Yunnan Energy Investment Group holds 357,865,674 shares, accounting for 29.04% of total shares[13] - The company has no pledged, marked, or frozen shares among the top shareholders[14] - The company reported a total of 6,948,900 shares held through a regular securities account and 7,630,800 shares through a credit securities account by a major shareholder[15] - The company has not engaged in any share lending or borrowing activities during the reporting period[15] Other Financial Metrics - Non-recurring gains and losses amounted to ¥548,730.46 for the quarter, with a year-to-date total of ¥560,096.38[8] - The company reported an increase in tax expenses, with CNY 773,184.67 in the first three quarters of 2025 compared to CNY 605,398.99 in 2024, an increase of 27.7%[20] - The company experienced an asset impairment loss of CNY -3,210,148.55 in 2025, with no comparable figure reported for 2024[21] - The company incurred a total operating cost of 163,156,031.82 CNY, which is a decrease from 313,792,276.86 CNY in the same period last year[30] - The company has not adopted new accounting standards or interpretations for the first time in 2025[35]

Core Viewpoint - Yunwei Co., Ltd. reported a significant decline in revenue and incurred net losses in the third quarter and the first three quarters of the year [1] Financial Performance - The company's revenue for the third quarter was 116 million yuan, representing a year-on-year decrease of 25.56% [1] - The net loss for the third quarter amounted to 2.7873 million yuan [1] - For the first three quarters, the total revenue was 443 million yuan, reflecting a year-on-year decline of 19.62% [1] - The net loss for the first three quarters reached 17.3175 million yuan [1]

Core Insights - The coke sector experienced a 2.49% increase on October 28, with Antai Group 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] Sector Performance - Antai Group saw a closing price of 3.23, with a significant increase of 9.86% and a trading volume of 2.29 million shares, amounting to 687 million yuan [1] - Baotailong closed at 3.98, up 6.13%, with a trading volume of 2.90 million shares and a transaction value of 1.12 billion yuan [1] - Shaanxi Heimei closed at 4.52, increasing by 5.85%, with a trading volume of 1.63 million shares and a transaction value of 705 million yuan [1] - Yunnan Coal Energy closed at 4.75, up 2.15%, with a trading volume of 979,000 shares and a transaction value of 450 million yuan [1] - Shanxi Coking Coal closed at 4.35, increasing by 1.40%, with a trading volume of 864,200 shares and a transaction value of 368 million yuan [1] - Yunwei Co. closed at 3.69, with a slight increase of 0.27%, trading 261,100 shares for a total of 95.94 million yuan [1] - Meijin Energy remained unchanged at 4.89, with a trading volume of 711,700 shares and a transaction value of 347 million yuan [1] Capital Flow - The coke sector saw a net inflow of 310 million yuan from institutional investors, while retail investors experienced a net outflow of 226 million yuan [1] - Antai Group had a net inflow of 130 million yuan from institutional investors, but retail investors saw a net outflow of 86.89 million yuan [2] - Baotailong experienced a net inflow of 1.15 billion yuan from institutional investors, with retail investors facing a net outflow of 93.38 million yuan [2] - Shaanxi Heimei had a net inflow of 41.53 million yuan from institutional investors, while retail investors had a net outflow of 29.26 million yuan [2] - Shanxi Coking Coal recorded a net inflow of 13.32 million yuan from institutional investors, with retail investors seeing a net outflow of 17.93 million yuan [2] - Yunnan Coal Energy had a net inflow of 13.28 million yuan from institutional investors, while retail investors faced a net outflow of 285,930 yuan [2]