Group 1 - The core point of the article is that Camel Group Co., Ltd. announced the convening of its 10th Board of Directors meeting to review the third quarter report for 2025 [1] - For the year 2024, the revenue composition of Camel Group is as follows: lead-acid batteries account for 79.86%, recycled lead for 15.75%, lithium batteries for 2.59%, and others for 1.79% [1] - As of the report date, Camel Group's market capitalization is 12.7 billion yuan [1]

Core Insights - The company reported a revenue of 12.142 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 7.14% [1] - The net profit attributable to shareholders reached 619 million yuan, showing a year-on-year increase of 26.95% [1] - The non-recurring net profit was 478 million yuan, which reflects a slight year-on-year decline of 0.87% [1] - The basic earnings per share stood at 0.53 yuan [1]

Core Viewpoint - Camel Group (601311.SH) reported a revenue of 4.147 billion yuan in the third quarter, reflecting a year-on-year growth of 8.95% [1] - The net profit attributable to shareholders decreased by 49.81% to 87.1916 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 46.87% to 74.3341 million yuan [1] - Basic earnings per share stood at 0.07 yuan [1] Financial Performance - Third-quarter revenue reached 4.147 billion yuan, marking an 8.95% increase compared to the previous year [1] - Net profit attributable to shareholders was 87.1916 million yuan, down 49.81% year-on-year [1] - Net profit after excluding non-recurring items was 74.3341 million yuan, a decline of 46.87% year-on-year [1] - Basic earnings per share reported at 0.07 yuan [1]

Core Insights - The company Camel Group (601311) reported its Q3 2025 financial results, showing a revenue of 4.147 billion yuan, an increase of 8.95% year-on-year, while net profit decreased by 49.81% to 87.1916 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 12.142 billion yuan, reflecting a year-on-year growth of 7.14%, and a net profit of 619 million yuan, which is a 26.95% increase compared to the previous year [1] - The performance fluctuations are primarily attributed to the impacts of debt restructuring gains and the effects of capital market volatility on fair value changes [1]

证券代码：601311 证券简称：骆驼股份 公告编号：临2025-045 骆驼集团股份有限公司 第十届董事会第五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚 假记载、误导性陈述或重大遗漏负连带责任。 一、董事会会议召开情况 （一）本次董事会会议的召开和表决符合《公司法》及《公司章程》的有关 规定，会议决议合法有效。 （二）本次董事会会议通知于 2025 年 10 月 21 日以 OA 办公软件、微信等形 式送达全体董事。 （三）本次董事会于 2025 年 10 月 24 日以现场加通讯方式召开。 表决结果：有效表决票共9票，其中同意票为9票，反对票为0票，弃权票为 0票。 特此公告。 骆驼集团股份有限公司 董 事 会 2025 年 10 月 25 日 （四）本次董事会应参加会议董事 9 人，实际参会 9 人。 （五）本次董事会由董事长刘长来先生主持，公司部分高级管理人员列席了 本次董事会。 二、董事会会议审议情况 审议通过《关于骆驼集团股份有限公司2025年第三季度报告的议案》 详见公司在上海证券交易所网站 www.sse.com.cn 披露的《骆驼股份2025 年第三季度 ...

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 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 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 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]