证券代码：600839 证券简称：四川长虹 公告编号：临 2025-085 号 四川长虹电器股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025 年 11 月 5 日（星期三）15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 29 日（星期三）至 11 月 4 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600839@changhong.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 四川长虹电器股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日披 露公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果 ...

四川长虹电器股份有限公司（以下简称"公司"或"四川长虹"）第十二届 董事会第三十七次会议通知及会议材料于 2025 年 10 月 22 日以电子邮件方式送 达全体董事，会议于 10 月 24 日以通讯方式召开。会议应出席董事 9 名，实际出 席董事 9 名，公司全体高级管理人员列席了会议。会议召开符合《公司法》及《公 司章程》的规定。会议由董事长柳江先生主持，经与会董事充分讨论，审议通过 了如下决议： 证券代码：600839 证券简称：四川长虹 公告编号：临 2025-083 号 四川长虹电器股份有限公司 第十二届董事会第三十七次会议决议公告 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。 详细内容请参见公司同日披露的《四川长虹关于 2025 年 1-9 月计提信用及 资产减值准备的公告》（临 2025-084 号）。 二、审议通过《关于公司<2025 年第三季度报告>的议案》 四川长虹电器股份有限公司董事会 一、审议通过《关于公司 2025 年 1-9 月计提信用及资产减值准备的议案》 根据《企业会计准则》要求，以及公司会计 ...

Financial Performance - The company's operating revenue for Q3 2025 was approximately ¥25.18 billion, a decrease of 2.69% compared to the same period last year[7]. - Total profit for the quarter reached approximately ¥999.05 million, an increase of 146.87% year-on-year[7]. - Net profit attributable to shareholders was approximately ¥506.92 million, reflecting a significant increase of 690.83% compared to the same quarter last year[7]. - The basic earnings per share for the quarter was ¥0.1098, up 689.93% year-on-year[7]. - The company reported a 75.72% increase in total profit for the year-to-date, reaching approximately ¥2.47 billion[7]. - Net profit for the first three quarters of 2025 was ¥1.89 billion, compared to ¥1.15 billion in 2024, representing an increase of 63.8%[22]. - Operating profit for the first three quarters of 2025 was ¥2.47 billion, significantly higher than ¥1.40 billion in the same period of 2024, marking a growth of 76.3%[22]. - The net profit attributable to the parent company shareholders for the first three quarters of 2025 is approximately CNY 1.01 billion, a significant increase from CNY 344.57 million in the same period of 2024, representing a growth of 192.5%[23]. - The total comprehensive income for the first three quarters of 2025 is CNY 1.90 billion, up from CNY 1.16 billion in 2024, reflecting a growth of 63.0%[23]. Assets and Liabilities - The total assets at the end of the quarter were approximately ¥98.99 billion, a slight decrease of 0.39% from the end of the previous year[8]. - The total assets of the company as of the reporting date were ¥98.99 billion, a decrease from ¥99.38 billion in the previous period[19]. - Total liabilities decreased to ¥72.91 billion from ¥74.41 billion, indicating a reduction of 2.1%[19]. - Non-current liabilities increased to ¥8.17 billion from ¥5.51 billion, reflecting a growth of 48.5%[19]. - The company's total equity rose to ¥26.07 billion, compared to ¥24.97 billion in the previous period, an increase of 4.4%[19]. - The company's total assets amounted to ¥33,333,356,280.28, slightly down from ¥33,709,529,534.39 in the previous year[31]. - The total liabilities of the company were ¥23,044,559,742.54, a decrease from ¥23,973,044,386.34 in the previous year[31]. - The company's total equity increased to ¥10,288,796,537.74 from ¥9,736,485,148.05, marking a growth of 5.7%[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥1.00 billion, an increase of 75.57% compared to the same period last year[7]. - The net cash flow from operating activities for the first three quarters of 2025 is CNY 1.00 billion, compared to CNY 570.98 million in 2024, indicating an increase of 75.1%[26]. - The company reported a net cash outflow from investing activities of CNY 3.77 billion for the first three quarters of 2025, compared to a net outflow of CNY 3.34 billion in 2024[27]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥9.52 billion, a 27% increase from ¥7.50 billion in the same period of 2024[35]. - The company reported a total cash outflow from operating activities of approximately ¥9.92 billion, compared to ¥8.22 billion in the previous year[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 703,728[14]. - Sichuan Changhong Electric Holding Group Co., Ltd. holds 1,071,813,562 shares, accounting for 23.22% of total shares[14]. - The total number of shares held by the top 10 shareholders is 1,271,000,000, representing a significant concentration of ownership[14]. - The largest shareholder, Sichuan Changhong Electric Holding Group, has no pledged shares[14]. - The company has a total of 1,071,813,562 unrestricted circulating shares held by major shareholders[15]. Investment and Expenses - Research and development expenses for the first three quarters of 2025 amounted to ¥1.67 billion, slightly up from ¥1.64 billion in 2024[22]. - Research and development expenses for the first three quarters of 2025 were ¥97,851,778.06, down 28.1% from ¥136,061,360.24 in the same period of 2024[33]. - The company reported investment income of ¥1,304,208,195.55, which is a substantial increase from ¥806,340,506.28 in the previous year[33]. - Non-recurring gains and losses for the quarter amounted to approximately ¥472.13 million, significantly influenced by the increase in investment gains from Huafeng Technology[10]. Market Position and Strategy - The company's cash and cash equivalents amount to ¥24,865,718,140.25, a decrease from ¥25,421,106,757.23 at the end of the previous period[17]. - Accounts receivable increased to ¥15,629,101,779.28 from ¥14,897,082,693.84, reflecting a growth of approximately 4.9%[17]. - Inventory decreased to ¥18,862,898,619.26 from ¥22,864,696,172.96, indicating a reduction of about 17.5%[17]. - The total current assets amount to ¥71,763,920,552.85, down from ¥73,334,298,542.47[17]. - The company achieved a cash inflow from investment activities of CNY 37.51 billion in 2025, significantly higher than CNY 18.12 billion in 2024, indicating a growth of 106.5%[27]. Accounting and Standards - The company did not apply new accounting standards for the year 2025[37].

Core Insights - The 2025 Sichuan Top 100 Enterprises list was released, showing a total of 8 companies with revenues exceeding 100 billion yuan, an increase of 3 from 2024 [1] - Tongwei Group Limited topped the list with revenues surpassing 200 billion yuan, marking its first time at the top [1] - Sichuan Energy Development Group and Qiya Group entered the 100 billion yuan revenue club for the first time [1] Company Rankings - Tongwei Group Limited: Revenue of 24,137,998 million yuan [2] - Sichuan Yibin Wuliangye Group Limited: Revenue of 19,529,677 million yuan [2] - Sichuan Changhong Electronics Holding Group Limited: Revenue of 15,267,474 million yuan [2] - Sichuan Energy Development Group Limited: Revenue of 11,745,767.72 million yuan [2] - Qiya Group Limited: Revenue of 11,035,872.53 million yuan [2] - New Hope Liuhe Co., Ltd.: Revenue of 10,306,296.23 million yuan [2] - Luzhou Laojiao Group Limited: Revenue of 10,045,283.6 million yuan [2] - Sichuan Huaxi Group Limited: Revenue of 10,010,347.8 million yuan [2] Additional Rankings - Sichuan Chuanwei Group Limited: Revenue of 8,871,760 million yuan [4] - China National Petroleum Corporation Sichuan Sales Branch: Revenue of 8,830,342.77 million yuan [4] - China Wuyi Group Limited: Revenue of 8,003,938.45 million yuan [4] - Blue Run Group Limited: Revenue of 7,855,709.32 million yuan [4] - China Dongfang Electric Group Limited: Revenue of 7,555,541.23 million yuan [4]

Market Overview - The black home appliance sector rose by 0.09% on October 23, with Chenyi Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance: - Chenyi Intelligent (301578) closed at 36.90, up 1.85% with a trading volume of 11,400 lots and a turnover of 41.57 million yuan [1] - Non-Axis Co. (002429) closed at 6.20, up 0.49% with a trading volume of 1,094,600 lots and a turnover of 681 million yuan [1] - Skyworth Digital (000810) closed at 13.43, up 0.37% with a trading volume of 132,300 lots and a turnover of 177 million yuan [1] - Hisense Visual (600060) closed at 24.46, up 0.29% with a trading volume of 77,000 lots and a turnover of 187 million yuan [1] - Sichuan Changhong (600839) closed at 10.04, up 0.20% with a trading volume of 646,700 lots and a turnover of 64.5 million yuan [1] - Jiuli Technology (688609) closed at 9.52, down 0.21% with a trading volume of 79,900 lots and a turnover of 75.31 million yuan [1] - Other stocks like XGIMI Technology (688696) and Tongzhou Electronics (002052) experienced slight declines [1] Capital Flow - The black home appliance sector saw a net outflow of 67.31 million yuan from institutional investors, while retail investors contributed a net inflow of 45.59 million yuan [1] - Detailed capital flow for key stocks indicates: - Non-Axis Co. (002429) had a net inflow of 69.47 million yuan from institutional investors, but a net outflow from retail investors [2] - Jiuli Technology (688609) experienced significant net outflows from institutional investors [2] - Chenyi Intelligent (301578) also saw a net outflow from institutional investors [2] - Sichuan Changhong (600839) had a net outflow of 45.80 million yuan from institutional investors, while retail investors showed a positive net inflow [2]

Market Performance - The black home appliance sector increased by 1.84% on October 21, with Sichuan Jiuzhou 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] Stock Performance - Sichuan Jiuzhou (000801) closed at 15.79, up 2.93% with a trading volume of 210,300 shares [1] - Feichi Co., Ltd. (002429) closed at 6.11, up 2.69% with a trading volume of 822,500 shares [1] - Sichuan Changhong (600839) closed at 10.17, up 2.42% with a trading volume of 1,500,800 shares [1] - Other notable stocks include JiuLian Technology (688609) at 9.63, up 2.12%, and Chuangwei Digital (000810) at 13.34, up 1.68% [1] Capital Flow - The black home appliance sector saw a net inflow of 199 million yuan from institutional investors, while retail investors experienced a net outflow of 38.63 million yuan [1] - Major stocks like Sichuan Changhong had a net inflow of 91.88 million yuan from institutional investors, but a net outflow of 57.15 million yuan from retail investors [2] - Feichi Co., Ltd. also experienced a net inflow of 84.74 million yuan from institutional investors, with retail investors seeing a net outflow of 55.16 million yuan [2]

Core Viewpoint - The company is showcasing its innovative AI home appliances at the 138th China Import and Export Fair, highlighting the integration of AI technology in products to enhance user experience and market competitiveness [1][3][21]. Group 1: Product Innovation - The company has introduced the first healing AITV, which features interactive lighting effects and voice command capabilities, attracting interest from international buyers [1]. - A full range of AI home appliances, including AI TVs, air conditioners, refrigerators, and washing machines, has been presented, emphasizing the trend towards AI integration in household products [3]. - The AI TV features a personified intelligent agent, "Panda Xiaobai," providing companionship across various scenarios, while the AI air conditioner utilizes adaptive technology to create a comfortable environment [5]. Group 2: Digital Transformation - The company is accelerating its digital transformation through "AI + products," "AI + manufacturing," and "AI + operations," enhancing creativity and market responsiveness [5]. - A smart supply chain platform has been established, integrating procurement, production, and logistics, which improves efficiency and reduces human error in the procurement process [7][10]. - AI technology has enabled real-time monitoring of supplier capabilities and market price fluctuations, significantly improving inventory turnover rates by 30% and reducing procurement approval time from three days to ten minutes [10]. Group 3: Organizational Innovation - The company has implemented an innovative organizational structure and incentive mechanisms, including profit-sharing and stock options, to stimulate creativity among its workforce [13][14]. - Over 30,000 innovative talents are employed, with a focus on enhancing technical research and development capabilities through dedicated innovation platforms [14][18]. - The company has streamlined its management structure to improve responsiveness to market demands, transitioning to a more decentralized approach [18]. Group 4: Financial Performance - In the first half of 2025, the company achieved revenue of 56.705 billion yuan, a year-on-year increase of 10.27%, and a net profit of 501 million yuan, up 78.59% [21]. - The share of overseas revenue has increased from around 10% to over 30% of total revenue, indicating successful expansion into international markets [21].

Market Overview - The black home appliance sector increased by 0.69% on October 20, with Jiulian Technology leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Jiulian Technology (688609) closed at 9.43, up 3.06% with a trading volume of 118,100 shares and a turnover of 111 million yuan [1] - Other notable performers include: - Skyworth Digital (000810) at 13.12, up 2.10% [1] - Cheny Intelligent (301578) at 35.34, up 1.52% [1] - Zhaochi Shares (002429) at 5.95, up 1.19% [1] - Sichuan Jiuzhou (000801) at 15.34, up 0.79% [1] Capital Flow - The black home appliance sector experienced a net outflow of 114 million yuan from institutional investors and 43.64 million yuan from retail investors, while retail investors saw a net inflow of 157 million yuan [1] - Detailed capital flow for key stocks includes: - Hisense Visual (600060) with a net outflow of 8.78 million yuan from institutional investors [2] - Jiulian Technology (688609) with a net inflow of 13.71 million yuan from retail investors despite a net outflow of 14.62 million yuan from institutional investors [2] - Sichuan Changhong (600839) faced a significant net outflow of 55.48 million yuan from institutional investors [2]

Core Viewpoint - The resignation of the company's securities affairs representative, Yang Liuxu, is due to a job transfer, and her departure will not affect the company's operations [1][1][1] Group 1 - Yang Liuxu submitted her resignation letter to the board on October 17, 2025, which became effective upon receipt [1][1][1] - Despite resigning from the position of securities affairs representative, Yang Liuxu will continue to hold other positions within the company [1][1][1] - The board will promptly appoint a qualified individual to take over the securities affairs representative role to assist the board secretary [1][1][1] Group 2 - The board expressed gratitude for Yang Liuxu's diligent work during her tenure as the securities affairs representative [1][1][1]

证券日报网讯 10月17日晚间，四川长虹发布公告称，公司董事会于2025年10月17日收到公司证券事务 代表杨柳絮女士的书面辞职函，杨柳絮女士因工作调动，申请辞去公司证券事务代表职务。杨柳絮女士 辞去证券事务代表职务后，仍继续在公司担任其他职务。 ...