Financial Performance - The company's operating revenue for Q3 2025 was CNY 4,146,735,271.27, an increase of 8.95% compared to the same period last year[4] - The total profit for Q3 2025 decreased by 46.91% year-on-year to CNY 111,081,081.86[4] - The net profit attributable to shareholders for Q3 2025 was CNY 87,191,556.71, down 49.81% from the previous year[4] - The basic and diluted earnings per share for Q3 2025 were both CNY 0.07, reflecting a decrease of 53.33% year-on-year[5] - The weighted average return on equity for Q3 2025 was 0.92%, a decrease of 0.91 percentage points compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 12.14 billion, an increase of 7.1% compared to CNY 11.33 billion in the same period of 2024[22] - Total operating costs for the first three quarters of 2025 were CNY 11.86 billion, up from CNY 11.09 billion in 2024, reflecting a year-on-year increase of 6.9%[22] - Operating profit for the first three quarters of 2025 was CNY 737.15 million, compared to CNY 543.69 million in 2024, representing a growth of 35.6%[22] - Net profit for the first three quarters of 2025 was CNY 621.54 million, an increase of 22.6% from CNY 506.70 million in the same period of 2024[23] - Earnings per share for the first three quarters of 2025 were CNY 0.53, up from CNY 0.42 in 2024, indicating a growth of 26.2%[23] Assets and Liabilities - The total assets at the end of Q3 2025 were CNY 15,594,670,846.14, representing a 3.99% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amount to ¥8,823,261,938.92, an increase from ¥8,233,901,693.23 as of December 31, 2024[17] - Total assets as of September 30, 2025, are ¥15,594,670,846.14, up from ¥14,996,114,827.69[18] - Total liabilities as of the end of the reporting period amounted to CNY 5.60 billion, compared to CNY 5.27 billion at the end of the previous year, reflecting an increase of 6.3%[22] - Total equity increased to CNY 9.99 billion from CNY 9.73 billion, marking a growth of 2.7% year-on-year[22] - The total liabilities include accounts payable of ¥886,228,385.18, down from ¥1,039,921,221.10[18] Cash Flow - Cash flow from operating activities for the year-to-date period increased significantly, amounting to CNY 266,023,498.62, up 9,278.80% year-on-year[12] - In the first three quarters of 2025, the net cash flow from operating activities was approximately ¥266 million, a significant increase from ¥2.84 million in the same period of 2024, indicating improved operational efficiency[25] - Total cash inflow from operating activities for the first three quarters of 2025 was ¥12.46 billion, compared to ¥12.24 billion in 2024, reflecting a year-over-year growth of 1.9%[25] - Cash outflow from operating activities decreased slightly to ¥12.20 billion in 2025 from ¥12.24 billion in 2024, showing better cost management[25] - The ending cash and cash equivalents balance for the first three quarters of 2025 was ¥1.95 billion, up from ¥1.54 billion in 2024, indicating a stronger liquidity position[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 71,569[14] - The largest shareholder, Sun Jie, holds 208,780,003 shares, representing 17.80% of total shares[14] - The company has a total of 150,382,009 shares held by Hubei Tuofeng Investment Co., Ltd., representing 12.82% of total shares[14] Investment and Financial Activities - The company reported a significant increase in investment income, reaching CNY 141.42 million compared to a loss of CNY 6.58 million in the previous year[22] - The financial expenses decreased significantly, showing a change from a negative CNY 26.81 million in 2024 to a positive CNY 8.94 million in 2025[22] - The company received cash from the recovery of investments amounting to ¥1.07 billion in 2025, an increase from ¥958.37 million in 2024, reflecting better investment recovery strategies[26] - The cash paid for the acquisition of fixed assets and intangible assets was ¥181.66 million in 2025, down from ¥208.81 million in 2024, indicating a reduction in capital expenditures[26] - The company reported a cash inflow from the disposal of fixed assets and other long-term assets of ¥10.47 million in 2025, compared to ¥16.78 million in 2024, showing a decline in asset disposals[26] Operational Challenges - The decline in net profit was primarily influenced by exchange rate fluctuations and decreased gross margins in the recycled lead business[6] - The company reported a significant impact from capital market fluctuations on the fair value changes of its investments, leading to reduced profits[12] - The net cash flow from investing activities was negative at approximately -¥384.77 million in 2025, compared to -¥115.68 million in 2024, indicating increased investment expenditures[26] - The net cash flow from financing activities turned negative at -¥63.99 million in 2025, contrasting with a positive net flow of ¥176.26 million in 2024, suggesting higher debt repayments[26]

Core Viewpoint - Camel Group reported a mixed financial performance for Q3 2025, with revenue growth but a significant decline in net profit [1] Financial Performance Summary - In Q3 2025, the company achieved a revenue of 4.147 billion, representing a year-on-year increase of 8.95% [1] - The net profit attributable to shareholders for Q3 2025 was 87.1916 million, showing a year-on-year decrease of 49.81% [1] - For the first three quarters of 2025, the company reported a total revenue of 12.142 billion, which is a year-on-year growth of 7.14% [1] - The net profit attributable to shareholders for the first three quarters was 619 million, reflecting a year-on-year increase of 26.95% [1]

Core Insights - The company reported third-quarter revenue of 4.147 billion yuan, representing a year-on-year increase of 8.95% [1] - Net profit for the third quarter was 87.1916 million yuan, showing a significant year-on-year decline of 49.81% [1] - For the first three quarters, the company achieved revenue of 12.142 billion yuan, which is a year-on-year growth of 7.14% [1] - The net profit for the first three quarters was 619 million yuan, reflecting a year-on-year increase of 26.95% [1]

Core Points - Camel Group Co., Ltd. has seen a stock price increase of 35.38% year-to-date, with a recent trading price of 10.83 CNY per share and a market capitalization of 12.705 billion CNY [1] - The company reported a revenue of 7.995 billion CNY for the first half of 2025, reflecting a year-on-year growth of 6.22%, and a net profit of 532 million CNY, which is a significant increase of 69.46% [2] - The main business revenue composition includes low-voltage lead-acid batteries (79.06%), recycled lead (14.65%), lithium batteries (4.41%), and others (1.88%) [1] Financial Performance - As of June 30, 2025, the number of shareholders is 51,900, a slight decrease of 0.12% from the previous period, while the average circulating shares per person increased by 0.12% to 22,620 shares [2] - Cumulatively, the company has distributed 2.522 billion CNY in dividends since its A-share listing, with 892 million CNY distributed over the last three years [3] Shareholding Structure - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 21.976 million shares, a decrease of 10.636 million shares from the previous period [3] - Other notable shareholders include Dachen Strategy Return Mixed A and Dachen Ruixiang Mixed A, which have also seen reductions in their holdings [3]

Core Points - The company will hold a Q3 2025 earnings presentation on October 28, 2025, from 15:00 to 16:00 [2][5] - The presentation will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [3][4] - Investors can submit questions from October 21 to October 27, 2025, before 16:00, through the Roadshow Center website or via the company's email [2][6] Summary by Sections Meeting Details - The earnings presentation is scheduled for October 28, 2025, from 15:00 to 16:00 [5] - The location for the meeting is the Shanghai Stock Exchange Roadshow Center [4] - The format will be an online interactive session [3] Participation Information - Investors can participate by logging into the Roadshow Center website on the day of the event [4][5] - Questions can be pre-submitted through the Roadshow Center or via the company's email [6] Contact Information - The contact department for inquiries is the Board Office, reachable at phone number 0710-3340127 or via email at ir@chinacamel.com [6]

证券代码：601311 证券简称：骆驼股份 公告编号：临 2025-044 骆驼集团股份有限公司 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 10 月 28 日 （星期二） 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/） （一） 会议召开时间：2025 年 10 月 28 日 （星期二） 15:00-16:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 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 21 日 （星期二） 至 10 月 27 日 （星期一）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 ir@chinacamel.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。 ...

Core Insights - The article highlights the launch of the "Golden Autumn Mega Sale, Lithium Battery Renewal" campaign by Camel, aimed at improving the efficiency and reducing the operational costs for truck drivers by replacing traditional lead-acid batteries with lithium batteries [1][2]. Group 1: Promotion Details - The campaign offers significant subsidies, allowing truck drivers to exchange any brand of lead-acid battery for Camel's lithium batteries P205 and P225 at a starting price of 2999 yuan [2]. - Free installation services are provided, with a professional team ensuring the battery replacement process takes only about 30 minutes, minimizing disruption to operations [2]. Group 2: Product Features - Camel's lithium batteries utilize new A-grade cells, ensuring high performance and longevity, and are designed to operate reliably in extreme temperatures ranging from -40°C to 65°C [2]. - The products come with an extended warranty of up to 5 years, covering free repairs or replacements for non-human-induced quality issues [3]. Group 3: Service and Safety - A comprehensive service network with over 7000 service points nationwide ensures timely and professional support for truck drivers [3]. - The innovative BMS smart management system, combined with a 4G communication module, allows users to monitor battery metrics in real-time and includes features for theft prevention and remote heating [3].

Core Viewpoint - Camel Group (骆驼股份) has established itself as a leader in the lithium battery sector with significant advancements in low-voltage lithium battery technology, achieving global standards in safety and performance [1] Group 1: Patent and Technology Advancements - The company holds 508 patents in the lithium battery field, addressing multiple challenges in safety requirements such as puncture and extrusion resistance [1] - The low-voltage lithium battery technology has achieved global leadership in high-temperature storage, low-temperature charging capabilities, safety, and ultra-long lifespan [1] - The batteries can maintain high discharge rates even in extreme conditions, such as -40℃ [1] Group 2: Battery Management System (BMS) - The company has developed a proprietary Battery Management System (BMS) with both hardware and software designed in-house [1] - The core algorithms of the BMS have been deeply developed to accurately manage vehicle power consumption under various low-voltage conditions, ensuring stable operation even in extreme environments [1] Group 3: Market Recognition and Partnerships - The company's low-voltage lithium battery products have been successfully integrated with several high-end global electric vehicle brands [1] - It has received recognition from established domestic automakers such as FAW, Dongfeng, and Geely, as well as new energy vehicle manufacturers like NIO, Xpeng, and Seres [1] - The company has secured orders from renowned international car manufacturers including Mercedes-Benz and BMW, accumulating over 100 designated projects and exceeding 20 million units in total [1]

Core Viewpoint - Camel Group Co., Ltd. has shown significant stock performance and financial growth, indicating a positive outlook for the company in the battery and energy sectors [1][2]. Financial Performance - As of June 30, 2025, Camel Group achieved a revenue of 7.995 billion yuan, representing a year-on-year growth of 6.22% [2]. - The net profit attributable to shareholders for the same period was 532 million yuan, marking a substantial increase of 69.46% year-on-year [2]. - The company has distributed a total of 2.522 billion yuan in dividends since its A-share listing, with 892 million yuan distributed over the last three years [3]. Stock Performance - On September 30, the stock price of Camel Group rose by 2.07%, reaching 11.33 yuan per share, with a trading volume of 151 million yuan and a turnover rate of 1.15% [1]. - The total market capitalization of the company is approximately 13.292 billion yuan [1]. - Year-to-date, the stock price has increased by 41.62%, with a 5-day increase of 5.40%, a 20-day increase of 14.44%, and a 60-day increase of 30.53% [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Camel Group is 51,900, a slight decrease of 0.12% from the previous period [2]. - The average number of circulating shares per shareholder is 22,620, which has increased by 0.12% [2]. - The top ten circulating shareholders include significant institutional investors, with notable reductions in holdings for some [3]. Business Overview - Camel Group, established on July 2, 1994, and listed on June 2, 2011, is primarily engaged in low-voltage battery production, recycling, and energy storage [1]. - The main revenue sources are low-voltage lead-acid batteries (79.06%), recycled lead (14.65%), lithium batteries (4.41%), and other products (1.88%) [1]. - The company operates within the electric equipment industry, specifically in the battery sector, and is involved in various concepts such as solid-state batteries, hydrogen energy, lithium batteries, battery recycling, and solar energy [1].

Core Insights - The Camel Group ranked fourth in the "Lead-acid Battery" category of the "Top Ten Enterprises in China's Light Industry for 2024," showcasing its leading position and comprehensive strength in the lead-acid battery sector [1][3]. Group 1: Company Performance - The ranking is based on key indicators such as main operating income, total profit, and revenue growth rate, reflecting Camel Group's stable operational performance and deep accumulation in battery manufacturing and brand building [3]. - Camel Group focuses on product technology optimization and enhancing user experience, with its 2S series, EFB/AGM start-stop batteries, and other products widely used in popular car models from brands like Mercedes-Benz, BMW, and Hongqi [3]. Group 2: Product Development - The company has improved the lead paste formula and plate structure to enhance cycle life and cold start performance, addressing user concerns about durability, cold resistance, and quick starting [3]. - Camel Group's commercial vehicle batteries, including the Light Truck King and Armor series, are designed to meet various driving scenarios, from frequent start-stop city driving to high-load parking power needs [3]. Group 3: Strategic Initiatives - Camel Group is advancing its green and intelligent transformation by expanding its green recycling capabilities and promoting the resource utilization of waste lead-acid batteries, forming a closed-loop ecological chain [5]. - The company is accelerating its lithium battery segment, focusing on low-voltage lithium batteries for vehicles, energy storage, and lithium recycling, aiming to establish a green circular industry chain for lithium batteries [5]. - Future strategies include synergizing dual main businesses to solidify its lead-acid battery market advantage while expanding growth opportunities in the new energy sector, driving higher quality development in the automotive battery arena [5].