Group 1 - Xiamen International Trade's board meeting was held on October 30, 2025, to review the Q3 2025 report and other documents [1] - For the first half of 2025, the company's revenue composition was 99.63% from supply chain management, 0.36% from health technology, and 0.02% from other sectors [1] - As of the report, Xiamen International Trade's market capitalization was 13.7 billion yuan [1]

Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of CNY 240.35 billion, a decrease of 16.06% year-on-year[3] - For Q3 2025, the company reported operating revenue of CNY 88.69 billion, a decrease of 2.66% compared to the same period last year, marking the third consecutive quarter of sequential growth[5] - The net profit attributable to shareholders for the first three quarters of 2025 was CNY 577.17 million, down 18.94% year-on-year[5] - The company reported a total profit of CNY 704.46 million for the first three quarters, a decrease of 8.66% year-on-year[5] - Net profit for the first three quarters of 2025 was approximately ¥450.30 million, a decline of 36.4% from ¥708.03 million in 2024[20] - The total comprehensive income attributable to the parent company for the first three quarters of 2025 is CNY 496,354,321.61, a decrease of 30.2% compared to CNY 711,448,444.58 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was CNY -22.32 million, compared to CNY 426.37 million in the first three quarters of 2024, indicating a decline in profitability[29] - Net profit for the first three quarters of 2025 was CNY 127.11 million, down from CNY 445.29 million in the same period of 2024, reflecting a decrease of approximately 71.5%[30] - The company reported a gross profit margin of approximately 0.31% for the first three quarters of 2025, down from 1.35% in the same period of 2024, indicating a decline in profitability[29] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 119.86 million, down from CNY 450.52 million in the same period of 2024, indicating a decline of approximately 73.4%[30] Cash Flow and Assets - The net cash flow from operating activities for the first three quarters was CNY 1.77 billion, an increase of 5.10% year-on-year[5] - Total current assets as of September 30, 2025, amount to ¥100,759,412,458.84, an increase from ¥73,749,875,048.83[15] - Cash and cash equivalents are reported at ¥9,228,601,780.33, up from ¥8,479,400,167.04[15] - Inventory stands at ¥29,752,868,015.89, compared to ¥25,647,510,578.37 in the previous period[15] - The company has a total of ¥10,355,932,397.72 in trading financial assets, significantly up from ¥3,410,092,562.51[15] - Long-term receivables increased to ¥2,732,516,840.23 from ¥1,484,019,422.64[15] - The total cash and cash equivalents at the end of September 2025 is CNY 8,074,372,947.54, down from CNY 11,793,437,431.35 at the end of December 2024[24] - The cash inflow from operating activities totaled CNY 270,336,052,914.17 for the first three quarters of 2025, down 12.7% from CNY 309,542,960,144.06 in 2024[23] - The cash inflow from financing activities for the first three quarters of 2025 is CNY 115,059,827,695.86, a decrease from CNY 119,277,662,107.91 in 2024[24] - Total assets at the end of the reporting period reached CNY 126.39 billion, an increase of 26.78% compared to the end of the previous year[5] - The company's total assets as of September 30, 2025, were approximately ¥126.39 billion, an increase from ¥99.70 billion at the end of 2024[17] - Total liabilities increased to approximately ¥90.12 billion as of September 30, 2025, compared to ¥61.46 billion at the end of 2024[17] - Total liabilities as of September 30, 2025, amounted to CNY 55.17 billion, an increase from CNY 43.00 billion as of December 31, 2024, representing a growth of approximately 28.4%[28] - Total equity as of September 30, 2025, was CNY 23.91 billion, compared to CNY 24.86 billion as of December 31, 2024, showing a decrease of about 3.9%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 80,329[13] - Xiamen Guomao Holding Group Co., Ltd. holds 819,660,486 shares, accounting for 38.34% of total shares[13] - The number of shares held by the top 10 shareholders includes significant stakes from various institutional investors[14] - The company has no changes in the participation of major shareholders in margin trading and securities lending[15] - There are no significant changes in the shareholding structure of the top 10 unrestricted shareholders[15] Strategic Initiatives - The company plans to continue optimizing its business structure and improving operational quality in line with national development strategies[3] - The company aims to focus on its "14th Five-Year" development strategy while navigating external uncertainties and market challenges[3] Expenses and Investments - Research and development expenses for the first three quarters of 2025 were approximately ¥59.64 million, slightly up from ¥56.59 million in 2024[20] - The company reported a significant decrease in financial expenses, totaling ¥1.06 billion in 2025 compared to ¥1.66 billion in 2024, marking a reduction of 36.1%[20] - Investment income for the first three quarters of 2025 was approximately ¥942.82 million, down 38% from ¥1.52 billion in 2024[20] - The company’s long-term investments amounted to approximately ¥9.74 billion as of September 30, 2025, compared to ¥9.83 billion at the end of 2024[16] Cash Flow from Activities - Cash inflow from investment activities for the first three quarters of 2025 was approximately ¥10.82 billion, a decrease of 21.1% compared to ¥13.76 billion in the same period of 2024[32] - Cash outflow from investment activities for the first three quarters of 2025 was approximately ¥16.83 billion, down by 23.1% from ¥21.86 billion in the first three quarters of 2024[32] - Net cash flow from investment activities for the first three quarters of 2025 was approximately -¥6.01 billion, an improvement from -¥8.10 billion in the same period of 2024[32] - Total cash inflow from financing activities for the first three quarters of 2025 was approximately ¥56.09 billion, a decrease of 13.5% compared to ¥64.85 billion in the first three quarters of 2024[32] - Net cash flow from financing activities for the first three quarters of 2025 was approximately ¥1.87 billion, a significant improvement from -¥1.40 billion in the same period of 2024[32] - Cash received from investment income for the first three quarters of 2025 was approximately ¥325.63 million, a substantial increase of 321.5% compared to ¥77.20 million in the same period of 2024[32] - Cash paid for debt repayment in the first three quarters of 2025 was approximately ¥22.92 billion, a decrease of 39.6% compared to ¥37.97 billion in the same period of 2024[32] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2025[33]

厦门国贸集团股份有限公司 投资者关系管理制度 （2025 年 10 月 30 日第十一届董事会 2025 年度第十六次会议审议通过） 第一章 总则 第一条 为规范厦门国贸集团股份有限公司（以下简称"公 司"）投资者关系管理工作，加强公司与投资者之间的有效沟通， 促进公司完善治理，切实保护投资者特别是中小投资者合法权益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司投资者关系管理工作指引》《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等法律、法规、规范性文件及《厦门国贸集团股份有限公司章程》 《厦门国贸集团股份有限公司信息披露管理制度》的有关规定， 结合公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、 信息披露、互动交流和诉求处理等工作，加强与投资者及潜在投 资者之间的沟通，增进投资者对公司的了解和认同，以提升公司 治理水平和企业整体价值，实现尊重投资者、回报投资者、保护 投资者目的的相关活动。 第三条 投资者关系管理的基本原则是： （一）合规性原则。公司投资者关系管理应当在依法履行信 息披露义务的基础上开展，符 ...

第三条 公司董事和高级管理人员所持本公司股份，是指登记在其名下和利 用他人账户持有的所有本公司股份。公司董事和高级管理人员从事融资融券交易 的，其所持本公司股份还包括记载在其信用账户内的本公司股份。 第二章 交易禁止和限制 第四条 公司董事和高级管理人员应当遵守《公司法》《证券法》和有关法 律、行政法规，中国证券监督管理委员会（以下简称"中国证监会"）规章、规 范性文件以及证券交易所规则中关于股份变动的限制性规定。 董事和高级管理人员就其所持股份变动相关事项作出承诺的，应当严格遵守。 董事和高级管理人员所持本公司股份及其变动管理制度 （2025年10月30日第十一届董事会2025年度第十六次会议审议通过） 第一章 总则 第一条 为加强对厦门国贸集团股份有限公司（以下简称"公司"或"本公 司"）董事和高级管理人员所持本公司股份及其变动的管理，维护证券市场秩序， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称《证券法》）、《上市公司董事和高级管理人员所持本公司股 份及其变动管理规则》、《上市公司股东减持股份管理暂行办法》、《上海证券 交易所上市公司自律监管指引第15号—— ...

（2025年10月30日公司第十一届董事会2025年度第十六次会议审议通过） 第一章 总则 厦门国贸集团股份有限公司 信息披露事务管理制度 第一条 为加强厦门国贸集团股份有限公司（以下简称"公司"）对外信息披 露工作的管理，确保信息披露的真实性、准确性、完整性与及时性，保护公司、 股东及其他利益相关人的合法权益，规范公司的信息披露行为，根据《中华人民 共和国公司法》、《中华人民共和国证券法》（以下简称《证券法》）、《上市 公司信息披露管理办法》（以下简称《信息披露管理办法》）、《上海证券交易 所股票上市规则》（以下简称《股票上市规则》）、《上海证券交易所上市公司 自律监管指引第2号——信息披露事务管理》等法律法规、规范性文件的要求和《公 司章程》的有关规定，结合公司实际情况，特制定本制度。 第二条 本制度所称"信息披露"是指将可能对公司证券及其衍生品种交易 价格产生重大影响的信息以及证券监管部门要求披露的信息，在规定的时间内， 在上海证券交易所（以下简称"上交所"）的网站和符合中国证券监督管理委员 会（以下简称"中国证监会"）规定条件的媒体上向社会公众公布。 第三条 本制度所称信息披露义务人是指公司及其董事、 ...

厦门国贸集团股份有限公司 内幕信息知情人登记管理制度 （2025年10月30日公司第十一届董事会2025年度第十六次会议审议通过） 第一章 总则 第一条 为规范厦门国贸集团股份有限公司（以下简称"公司"或"本公司"） 的内幕信息管理，加强内幕信息保密工作，维护信息披露的公平原则，保护投资 者的合法权益，根据《中华人民共和国公司法》、《中华人民共和国证券法》（以 下简称《证券法》）、《上市公司信息披露管理办法》、《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》、《上海证券交易所股票上市 规则》等法律法规、规范性文件的要求和《公司章程》《公司信息披露事务管理 制度》的有关规定，结合公司实际情况，特制定本制度。 第二条 公司董事会应当按照法律法规及相关规则的要求及时登记和报送 内幕信息知情人档案，并保证内幕信息知情人档案真实、准确和完整，董事长为 主要责任人。董事会秘书负责督导和组织公司证券事务部具体办理公司内幕信息 知情人的登记入档和报送事宜。董事长与董事会秘书应当对内幕信息知情人档案 的真实、准确和完整签署书面确认意见。 第二章 内幕信息及内幕信息知情人 第三条 本制度所称内幕信息是指根据《 ...

厦门国贸集团股份有限公司 第一条 为规范厦门国贸集团股份有限公司（以下简称"公司"）选聘（含 续聘、改聘，下同）会计师事务所行为，提升审计工作和财务信息质量，切实 维护股东合法权益，根据《中华人民共和国公司法》《中华人民共和国证券 法》《国有企业、上市公司选聘会计师事务所管理办法》以及其他相关法律、 行政法规、部门规章和规范性文件的规定，结合公司实际情况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对公司财务会计报告等发表审计意见、出具审计报告的行 为。公司聘任会计师事务所从事除财务会计报告审计之外的其他审计业务的， 按照公司其他相关制度组织实施。 第三条 公司聘用或解聘会计师事务所，应当经审计委员会审议同意后，提 交董事会审议，并由股东会决定。 第二章 会计师事务所执业要求 第四条 公司选聘的会计师事务所应当具备下列条件： （一）具有独立的法人资格，具备国家行业主管部门和中国证券监督管理 委员会规定的开展证券期货相关业务的执业资格； 会计师事务所选聘制度 （2025年10月30日经公司第十一届董事会2025年度第十六次会议审议通过） 第一章 总则 （二） ...

Core Viewpoint - Xiamen International Trade announced a decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Group 1: Financial Performance - The revenue for the third quarter was 88.694 billion yuan, a year-on-year decrease of 2.66% [1] - The net profit for the third quarter was 54.0912 million yuan [1] - For the first three quarters, the revenue totaled 240.352 billion yuan, reflecting a year-on-year decline of 16.06% [1] - The net profit for the first three quarters was 577 million yuan, down 18.94% year-on-year [1]

Group 1 - Xiamen International Trade Group Co., Ltd. experienced a decline of 5.14% in stock price, reaching 6.46 CNY per share, with a trading volume of 377 million CNY and a turnover rate of 2.71%, resulting in a total market capitalization of 13.809 billion CNY [1] - The company, established on December 24, 1996, and listed on October 3, 1996, is located in Xiamen, Fujian Province, and its main business includes supply chain management, real estate operations, and financial services [1] - The revenue composition of the company shows that supply chain management accounts for 99.63%, health technology for 0.36%, and other segments for 0.02% [1] Group 2 - Huashan Fund has one fund heavily invested in Xiamen International Trade, specifically the Huashan CSI State-Owned Enterprises Dividend ETF (561060), which increased its holdings by 13,200 shares in the third quarter, totaling 111,900 shares, representing 1.31% of the fund's net value [2] - The latest scale of the Huashan CSI State-Owned Enterprises Dividend ETF is 528.461 million CNY, with a year-to-date return of 5.95%, ranking 3941 out of 4216 in its category; the one-year return is 7.74%, ranking 3358 out of 3877; and since inception, the return is 18.07% [2]

Core Insights - The futures concept sector experienced a decline of 0.36% on October 28, with the leading drop from Wuchan Zhongda [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 - Notable gainers in the futures concept sector included: - Ruida Futures (002961) with a closing price of 24.29, up 5.75%, and a trading volume of 354,300 shares, totaling 861 million yuan [1] - Xiamen Guomao (600755) closed at 6.81, up 5.26%, with a trading volume of 1,649,200 shares, totaling 1.117 billion yuan [1] - Yuanda Environmental (600292) closed at 12.83, up 3.05%, with a trading volume of 301,900 shares, totaling 389 million yuan [1] - Major decliners included: - Wuchan Zhongda (600704) closed at 5.88, down 4.70%, with a trading volume of 2,257,700 shares, totaling 1.336 billion yuan [2] - Zhongjin Lingnan (000060) closed at 5.50, down 3.51%, with a trading volume of 1,289,500 shares, totaling 716 million yuan [2] - Zhongke Jincai (002657) closed at 30.78, down 2.75%, with a trading volume of 295,100 shares, totaling 903 million yuan [2] Capital Flow - The futures concept sector saw a net outflow of 705 million yuan from main funds, while retail funds experienced a net inflow of 296 million yuan [2][3] - Notable capital flows included: - Ruida Futures had a main fund net inflow of 150 million yuan, but retail funds saw a net outflow of 91.24 million yuan [3] - Yong'an Futures (600927) had a main fund net inflow of 43.91 million yuan, with retail funds experiencing a net outflow of 22.76 million yuan [3] - Yuanda Environmental had a main fund net inflow of 37.84 million yuan, with retail funds seeing a net outflow of 26.08 million yuan [3]