证券代码：600973 证券简称：宝胜股份 公告编号：2025-040 宝胜科技创新股份有限公司 第八届监事会第十七次会议决议公告 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。 宝胜科技创新股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日以传 真、电子邮件及专人送达等方式向公司全体监事发出了召开第八届监事会第十七 次会议的通知及相关议案等资料。2025 年 10 月 30 日下午 15：00，第八届监事 会第十七次会议在宝应县苏中路 1 号公司宝胜会议中心会议室召开，会议应到监 事 5 名，实到监事 5 名。会议由监事会主席戚侠先生主持。会议的召开符合《公 司法》等有关法律、法规和《公司章程》的规定。 会议就以下事项进行审议： 公司监事会对董事会编制的公司 2025 年第三季度报告进行了认真审核，并 提出如下的审核意见： 1、公司 2025 年第三季度报告的编制和审议程序符合法律、法规和《公司章 程》以及公司内部管理制度的相关规定； 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 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 12,497,244,700.37, a decrease of 4.54% compared to the same period last year[4] - The total profit for the third quarter increased by 153.09% year-on-year, amounting to CNY 8,239,867.39[9] - The net profit attributable to shareholders of the listed company was CNY -7,031,927.70, reflecting a decline of 211.10% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -11,008,596.71, a decrease of 264.40% year-on-year[4] - Total operating revenue for the first three quarters of 2025 reached ¥37.65 billion, a 6.2% increase from ¥35.44 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥83.75 million, compared to ¥13.63 million in 2024, representing a significant increase of 514.5%[20] - Operating profit increased to ¥105.91 million in 2025 from ¥23.77 million in 2024, marking a growth of 345.5%[20] - Total comprehensive income for the first three quarters of 2025 was ¥179.10 million, compared to ¥50.76 million in 2024, indicating a growth of 252.5%[20] Earnings Per Share - The basic earnings per share for the third quarter was CNY -0.006, a decrease of 250.00% year-on-year[5] - The diluted earnings per share for the third quarter was also CNY -0.006, reflecting the same percentage decrease as basic earnings per share[5] - Basic and diluted earnings per share rose to ¥0.043 in 2025, up from ¥0.018 in 2024, reflecting a 138.9% increase[22] Cash Flow and Liquidity - The cash flow generated from operating activities was CNY 310,259,958.97, an increase of 74.99% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥118.17 million in 2025, an improvement from a net outflow of ¥814.15 million in 2024[21] - Cash and cash equivalents at the end of Q3 2025 totaled ¥2.39 billion, down from ¥2.85 billion at the end of Q3 2024[23] - The company's cash and cash equivalents rose to RMB 3,267,229,040.08 from RMB 2,832,327,848.72, marking an increase of about 15.4%[15] Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,609,884,367.17, representing a 3.69% increase from the end of the previous year[5] - The total liabilities increased to RMB 17,317,549,874.01 from RMB 16,717,922,570.00, indicating a rise of about 3.6%[17] - The total assets reached RMB 21,609,884,367.17, up from RMB 20,841,283,738.05, representing an increase of approximately 3.7%[16] - The total equity attributable to shareholders rose to RMB 3,575,047,778.09 from RMB 3,409,599,506.70, reflecting an increase of approximately 4.9%[17] Shareholder Information - The company had a total of 46,349 common shareholders at the end of the reporting period[12] Expenses - The company reported a decrease in sales expenses to ¥215.60 million in 2025 from ¥265.76 million in 2024, a reduction of 19%[19] - Research and development expenses were ¥529.33 million in 2025, slightly down from ¥555.40 million in 2024, a decrease of 4.7%[19] Other Comprehensive Income - The company experienced a significant increase in other comprehensive income, which reached ¥95.35 million in 2025, compared to ¥37.14 million in 2024, an increase of 156.5%[20] Future Outlook - The company's net profit for the first nine months of 2025 will be detailed in the upcoming earnings report[18] - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[24] - The announcement was made by the Board of Directors of Baosheng Technology Innovation Co., Ltd. on October 30, 2025[25]

证券代码：600973 证券简称：宝胜股份 公告编号：2025-039 宝胜科技创新股份有限公司 第八届董事会第二十二次会议决议公告 本议案已经公司审计委员会审议通过。审计委员会认为：公司《2025 年第 三季度报告》能够充分反映公司的财务状况以及经营成果和现金流量，编制和审 核程序也符合中国证监会和上海证券交易所的规定，审计委员会同意将此报告提 交公司董事会审议。 详见同日刊登于《中国证券报》、《上海证券报》和《证券时报》和登载于上 海证券交易所网站（www.sse.com.cn）的《宝胜科技创新股份有限公司 2025 年 第三季度报告》。 特此公告。 宝胜科技创新股份有限公司董事会 2025 年 10 月 31 日 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。 宝胜科技创新股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日以传 真、电子邮件及专人送达等方式向公司全体董事、监事及高级管理人员发出了召 开第八届董事会第二十二次会议的通知。2025 年 10 月 30 日上午 9:30，第八届 董事会第 ...

Core Viewpoint - Baosheng Co., Ltd. has experienced a decline in stock price and trading activity, with a notable drop of 12.22% year-to-date, despite a recent increase in revenue and profit [1][2]. Financial Performance - For the first half of 2025, Baosheng Co., Ltd. reported a revenue of 25.152 billion yuan, representing a year-on-year growth of 12.53% [2]. - The net profit attributable to shareholders for the same period was 66.522 million yuan, showing a significant increase of 256.54% compared to the previous year [2]. Stock Market Activity - As of October 30, Baosheng's stock price was 5.53 yuan per share, with a market capitalization of 7.584 billion yuan [1]. - The stock has seen a trading volume of 70.2252 million yuan, with a turnover rate of 0.92% [1]. - The company experienced a net outflow of 7.6239 million yuan in principal funds, with large orders showing a slight buying interest [1]. Shareholder Information - As of June 30, the number of shareholders for Baosheng Co., Ltd. was 60,100, a decrease of 23.72% from the previous period [2]. - The average number of circulating shares per shareholder increased by 31.09% to 22,815 shares [2]. Dividend Distribution - Since its A-share listing, Baosheng Co., Ltd. has distributed a total of 514 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 20.4915 million shares, a decrease of 635,100 shares from the previous period [3].

Core Insights - The nuclear power cable industry is crucial for the safe and stable operation of nuclear power plants, designed to meet extreme performance requirements such as high temperature resistance, radiation resistance, and low smoke halogen-free flame retardancy [1][6][3] - China's nuclear power sector is a key support for energy structure transformation and achieving carbon neutrality goals, with a national strategy focused on the "active, safe, and orderly development of nuclear power" [1][6] - The industry is entering a high prosperity cycle driven by policies, market demand, and technological advancements, with a significant market expansion expected [1][9] Industry Overview - Nuclear power cables are specifically designed for the unique environments of nuclear power plants, requiring high insulation, temperature, radiation, and corrosion resistance [2][3] - The cables play a core role in power transmission, signal control, and system safety, making them essential components for stable power system operation [2][6] Policy Environment - The Chinese government has set ambitious targets for nuclear power capacity, aiming for 70 million kilowatts by 2025 and 131 million kilowatts by 2030, with ongoing approvals for advanced reactor projects [6][9] - Recent policies have been introduced to support the nuclear industry across various dimensions, including development planning, safety assurance, and market access [6][9] Industry Chain - The upstream of the nuclear power cable industry includes suppliers of metals and insulation materials, with domestic companies like Jiangxi Copper and China Aluminum being significant players [7] - The midstream consists of cable manufacturing, dominated by companies such as Jiangsu Shangshang Cable and Far East Group, indicating a high market concentration [7] - The downstream includes nuclear power plant construction units and equipment manufacturers, driving continuous demand for cable products [7] Current Development Status - China's nuclear power sector has seen rapid growth, with 58 operational nuclear reactors and a total installed capacity of 60.88 million kilowatts as of 2024, ranking third globally [8][9] - The industry is expected to see a market scale exceeding 3 billion yuan in 2024, with projections of reaching 3.44 billion yuan by 2025, reflecting a robust annual growth rate of approximately 12% [9][10] Competitive Landscape - The industry is characterized by a few leading domestic companies that dominate the market, such as Anhui Cable and Jiangsu Shangshang Cable, which have achieved breakthroughs in high-end product localization [10] - Other notable companies include Baosheng Co., Shangwei Co., and Hualing Cable, which contribute to the competitive landscape with their specialized cable products [10] Future Development Trends - The industry is expected to evolve through technological innovation, market expansion, and global positioning, focusing on high-end materials and smart monitoring technologies [11][12] - New application scenarios are emerging, including small modular reactors and nuclear hydrogen production, which will drive demand for specialized cables [12] - Chinese companies are anticipated to accelerate their global presence, leveraging the Belt and Road Initiative to enhance their international competitiveness [13]

Group 1 - The core viewpoint of the news is that Baosheng Co., Ltd. has shown a recent increase in stock price, with a notable rise of 2.15% on October 28, reaching 5.69 yuan per share, while the company has experienced a year-to-date decline of 9.68% [1] - As of June 30, the number of shareholders for Baosheng Co., Ltd. is 60,100, which represents a decrease of 23.72% compared to the previous period [2] - For the first half of 2025, Baosheng Co., Ltd. achieved a revenue of 25.152 billion yuan, reflecting a year-on-year growth of 12.53%, and a net profit attributable to shareholders of 66.522 million yuan, which is a significant increase of 256.54% [2] Group 2 - The company has cumulatively distributed 514 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited is the fifth largest circulating shareholder of Baosheng Co., Ltd., holding 20.4915 million shares, which is a decrease of 635,100 shares from the previous period [3] - The company operates in the electric equipment industry, specifically in the production and sale of wires, cables, and bare conductors, and is involved in various sectors including state-owned enterprise reform, nuclear power, non-ferrous copper, superconducting concepts, and railway infrastructure [1]

Group 1 - The core point of the article is that Baosheng Co., Ltd. held its 21st meeting of the 8th Board of Directors on October 24, 2025, to review proposals regarding the revision and formulation of certain governance systems [1] - For the year 2024, Baosheng Co., Ltd.'s revenue composition is 98.27% from the wire and cable industry and 1.73% from other businesses [1] - As of the report date, Baosheng Co., Ltd. has a market capitalization of 7.6 billion yuan [1]

宝胜科技创新股份有限公司 董事会战略委员会工作细则 第一章 总则 第一条 为适应宝胜科技创新股份有限公司（以下简称 "公司"）战略发展需要，增强公司核心竞争力，确定公司 发展规划，健全投资决策程序，增强决策科学性，提高重大 投资决策的效益和质量，完善公司治理结构，根据《中华人 民共和国公司法》（以下简称《公司法》）、《宝胜科技创 新股份有限公司章程》（以下简称《公司章程》）及其他有 关规定，公司特设立董事会战略委员会，并制定本工作细则。 第二条 董事会战略委员会是董事会下设的专门工作机 构，主要负责对公司中长期发展战略和重大投资决策进行研 究并提出建议，审议年度法治报告，推进企业法治建设。项 目投资决策是指公司对具体项目是否进行资本投资做出的 抉择，是从项目筛选、立项、可行性研究到投资合同签订的 全过程决策。 第二章 人员组成 第三条 战略委员会成员由三名董事组成，其中至少包 括一名独立董事，公司董事长为战略委员会当然成员。 第四条 战略委员会委员由董事长、二分之一以上独立 董事或者全体董事的三分之一提名，并由董事会选举产生。 第五条 战略委员会设主任（召集人）一名，由公司董 事长担任。 第六条 战略委员会任 ...

第三条 总经理对董事会负责，根据董事会的授权，按 所确定的职责分工，主持公司的日常经营管理工作，并接受 董事会的监督和指导。 第四条 公司总经理任免均应履行法定程序。公司应与 总经理及其他高级管理人员签订聘任合同，以明确彼此间的 权利义务关系。 第五条 经理层对董事会负责，向董事会报告工作，接 受董事会的监督管理。 第六条 坚持和完善"双向进入、交叉任职"领导体制， 符合条件的党委班子成员可以通过法定程序进入经理层，经 理层成员中符合条件的党员可以依照有关规定和程序进入 - 1 - 宝胜科技创新股份有限公司 总经理工作细则 第一章 总 则 第一条 为提高公司管理效率和管理水平，促进经营管 理层的规范化、科学化、制度化，维护公司及全体股东的合 法权益，规范经营管理层的工作秩序和行为方式，保证公司 经营管理依法行使权力，履行职责，承担义务。根据《中华 人民共和国公司法》（以下简称《公司法》）、《上市公司 治理准则》、《宝胜科技创新股份有限公司章程》（以下简 称《公司章程》）的要求，结合公司实际情况，制订本工作 细则。 第二条 本工作细则对公司总经理、副总经理和其他高 级管理人员的主要管理职能与事项做出规定。 党委 ...

第四条 董事、高级管理人员可以在任期届满前提出辞 任。 董事在任期届满前辞任，应在辞任前向董事会提交书面 辞职报告，辞职报告自送达董事会时生效。如因董事的辞任 导致公司董事会成员低于法定最低人数时，或独立董事辞任 导致董事会或者专门委员会中独立董事所占的比例不符合 宝胜科技创新股份有限公司 董事、高级管理人员离职管理制度 第一条 为了规范宝胜科技创新股份有限公司（以下简 称"公司"）董事、高级管理人员离职相关事宜，确保公司 运营稳定，保障股东权益，依据《中华人民共和国公司法》 《上市公司治理准则》及《公司章程》等相关规定，特制定 本制度。 第二条 本制度适用于公司所有董事、高级管理人员的 离职管理。 第三条 董事、高级管理人员任期按《公司章程》规定 执行，任期届满，除非经股东会选举或董事会聘任连任，其 职务自任期届满之日起自然终止；董事、高级管理人员任期 届满未及时改选或聘任，在新董事、高级管理人员就任前， 原董事、高级管理人员仍应当依照法律、行政法规、部门规 章和本章程的规定，履行董事、高级管理人员职务。 第八条 董事、高级管理人员离职，应与继任董事、高 级管理人员或董事会指定人员进行工作交接，向董事会办妥 ...