Group 1 - The company Wansheng Co., Ltd. has repurchased approximately 100,000 shares, accounting for 0.0175% of its total share capital, with a total expenditure of about 1.0627 million RMB as of October 31, 2025 [1] - The highest transaction price for the repurchased shares was 10.97 RMB per share, while the lowest was 9.71 RMB per share [1] - As of the report date, Wansheng Co., Ltd. has a market capitalization of 6.7 billion RMB [1] Group 2 - For the fiscal year 2024, the revenue composition of Wansheng Co., Ltd. is as follows: industrial sector accounts for 98.73%, trade sector for 1.08%, and other businesses for 0.19% [1]

Group 1 - The company, Wansheng Co., Ltd. (603010.SH), has announced a share buyback program, having repurchased a total of 103,000 shares, which represents 0.0175% of its total share capital [1] - The highest price paid for the repurchased shares was 10.97 CNY per share, while the lowest price was 9.71 CNY per share [1] - The total amount spent on the share buyback has reached 1.06272 million CNY, excluding stamp duty and transaction commissions [1]

Core Viewpoint - Wansheng Co., Ltd. reported a total operating revenue of 2.484 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 16.98%, while the net profit attributable to shareholders decreased by 57.85% to 50.0891 million yuan [1] Financial Performance - Total operating revenue for the first three quarters reached 2.484 billion yuan, marking a 16.98% increase compared to the previous year [1] - Net profit attributable to shareholders was 50.0891 million yuan, which represents a significant decline of 57.85% year-on-year [1] - Basic earnings per share stood at 0.09 yuan [1]

证券代码： 603010 证券简称：万盛股份 公告编号：2025-071 会议召开时间：2025 年 11 月 06 日（星期四）上午 10:00-11:00 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 30 日（星期四）至 11 月 05 日（星期三）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 zjwsfr@ws-chem.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。 浙江万盛股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公 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、财务状况，公司计划于 2025 年 11 月 06 日上午 10:00-11:00 举 行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2 ...

| 主要产品 | 2025 年 均售价（元/吨） | 1-9 | 月平 | 2024 年 1-9 均售价（元/吨） | | 月平 | 1-9 月变 动比率 （%） | 第三季度 环比变动 比率（%） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 聚合物功能性助剂 | | 17,215.76 | | | 15,865.81 | | 8.51 | -3.14 | | 有机胺 | | 25,480.49 | | | 21,108.64 | | 20.71 | 2.84 | | 涂料助剂 | | 10,271.65 | | | 11,078.10 | | -7.28 | -0.08 | | 原料及中间体 | | 4,575.88 | | | 4,631.66 | | -1.20 | -7.24 | 证券代码：603010 证券简称：万盛股份 公告编号：2025-070 浙江万盛股份有限公司 2025 年第三季度主要经营数据公告 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 ...

证券代码：603010 证券简称：万盛股份 公告编号：2025-069 浙江万盛股份有限公司 2025 年 10 月 30 日 表决情况：同意 9 票，反对 0 票，弃权 0 票。 特此公告。 浙江万盛股份有限公司董事会 一、审议通过《关于公司 2025 年第三季度报告的议案》 本议案已经审计委员会审议通过，并同意提交董事会审议。 具体内容详见公司同日披露的《浙江万盛股份有限公司 2025 年第三季度报 告》。 第五届董事会第二十六次会议决议公告 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。 浙江万盛股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日上午 9 点，以现场加通讯表决的方式召开了第五届董事会第二十六次会议。本次会议通 知及会议材料于 2025 年 10 月 21 日以电子或书面的方式送达各位董事。会议应 到董事 9 名，实际到会董事 9 名。会议由董事长高献国先生主持，本次会议的召 集、召开和表决符合《公司法》及《公司章程》的有关规定，合法有效。会议审 议通过了如下议案： ...

Financial Performance - The company's operating revenue for the third quarter was ¥860,917,337.05, representing a year-on-year increase of 16.81%[5] - The total profit for the quarter was ¥47,724,277.46, showing a slight decrease of 0.59% compared to the same period last year[5] - The net profit attributable to shareholders was ¥23,765,722.73, down 45.47% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥847,122.82, a decrease of 102.60% compared to the previous year[5] - The basic earnings per share for the quarter was ¥0.04, a decline of 50.00% year-on-year[6] - The diluted earnings per share also stood at ¥0.04, reflecting a 50.00% decrease compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 reached ¥2,484,064,519.91, an increase of 17.0% compared to ¥2,123,491,596.13 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥67,649,838.92, a decrease of 38.5% compared to ¥109,980,085.57 in the previous year[22] - The company reported a total comprehensive income of ¥56,051,325.87 for the period, down from ¥109,677,786.03 in the same period last year[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.09, compared to ¥0.20 in the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,293,024,619.27, an increase of 1.29% from the end of the previous year[6] - The total current liabilities increased to RMB 2,121,242,475.78 from RMB 1,914,822,804.47, representing an increase of about 10.81%[17] - The company's total liabilities increased to ¥3,387,473,628.08 from ¥3,288,938,694.76, reflecting a growth of 3.0%[22] - The total equity attributable to shareholders decreased slightly to ¥3,614,520,553.80 from ¥3,637,794,705.23, a decline of 0.6%[22] - The company's short-term borrowings rose significantly to RMB 867,434,729.78 from RMB 519,290,564.86, marking an increase of approximately 67.14%[17] - The company's long-term borrowings decreased to ¥658,085,682.70 from ¥788,353,972.43, a reduction of 16.5%[22] Cash Flow - The company's cash and cash equivalents reached RMB 1,287,513,631.76, compared to RMB 1,254,445,925.76 at the end of 2024, reflecting a growth of approximately 2.64%[16] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 3,056,858,847.39, an increase of 27.1% compared to CNY 2,405,045,152.25 in the same period of 2024[25] - The net cash flow from operating activities decreased to CNY 219,341,467.19 in 2025 from CNY 247,092,805.58 in 2024, representing a decline of 11.3%[25] - The cash outflow from investment activities totaled CNY 620,495,711.32 in 2025, compared to CNY 587,259,290.30 in 2024, indicating an increase of 5.6%[26] - The net cash flow from investment activities improved to -CNY 329,797,533.88 in 2025 from -CNY 377,227,060.84 in 2024, showing a reduction in losses[26] - Cash inflow from financing activities increased to CNY 1,566,361,799.84 in 2025, up 20.4% from CNY 1,301,035,265.96 in 2024[26] - The net cash flow from financing activities decreased to CNY 138,167,782.02 in 2025 from CNY 298,303,234.45 in 2024, a decline of 53.7%[26] - The cash and cash equivalents at the end of the period were CNY 1,148,673,946.96, a decrease from CNY 1,276,778,240.26 at the end of 2024[26] Inventory and Costs - The company's inventory increased to RMB 598,841,278.79 from RMB 505,205,423.25, indicating a growth of approximately 18.51%[16] - Total operating costs amounted to ¥2,350,570,137.62, up 18.7% from ¥1,980,328,317.78 year-on-year[22] - Research and development expenses rose to ¥100,569,056.38, representing a 28.9% increase from ¥77,893,303.58 in the previous year[22] Strategic Activities - The company has repurchased a total of 103,000 shares, accounting for 0.0175% of the total share capital, with a total expenditure of RMB 1,062,720 (excluding taxes and commissions)[15] - Zhejiang Wansheng Co., Ltd. plans to use up to 10% of its audited net assets from 2021 for securities investments in 2023, including stocks, bonds, and funds[15] - The company participated in the strategic placement of ChipLink Integration, acquiring 15,668,130 shares, and has sold 11,905,395 shares, retaining 3,762,735 shares as of the report date[15] Other Information - The company attributed the decline in net profit to increased depreciation and related costs during the ramp-up phase of the Shandong Wansheng project[10] - The increase in operating revenue was primarily due to the consolidation of Guangzhou Shangen into the company's financial statements[9] - The company reported a decrease in accounts payable from RMB 622,324,871.62 to RMB 514,688,422.95, a reduction of about 17.33%[17] - The total non-current assets amounted to RMB 4,390,407,513.24, slightly up from RMB 4,349,238,529.00[17] - The company did not apply new accounting standards for the first time in 2025[27]

Group 1 - The core viewpoint of the news is that Wansheng Co., Ltd. has experienced fluctuations in stock performance and financing activities, indicating a mixed outlook for the company [1][2]. Group 2 - On October 22, Wansheng Co., Ltd. saw a stock decline of 1.56% with a trading volume of 91.29 million yuan. The financing buy-in amount was 10.69 million yuan, while the financing repayment was 9.55 million yuan, resulting in a net financing buy of 1.14 million yuan. The total financing and securities balance reached 133 million yuan [1]. - The current financing balance of Wansheng Co., Ltd. is 133 million yuan, accounting for 2.10% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing [1]. - On the securities lending side, Wansheng Co., Ltd. repaid 1,000 shares and sold 500 shares on October 22, with a selling amount of 5,350 yuan. The remaining securities lending volume is 7,900 shares, with a balance of 84,500 yuan, exceeding the 70th percentile level over the past year, also indicating a high level [1]. Group 3 - As of October 20, the number of shareholders of Wansheng Co., Ltd. increased to 23,900, a rise of 10.35%, while the average circulating shares per person decreased by 9.38% to 24,641 shares [2]. - For the first half of 2025, Wansheng Co., Ltd. achieved an operating income of 1.623 billion yuan, representing a year-on-year growth of 17.07%. However, the net profit attributable to the parent company was 26.32 million yuan, a significant decrease of 65.02% year-on-year [2]. - Since its A-share listing, Wansheng Co., Ltd. has distributed a total of 874 million yuan in dividends, with 271 million yuan distributed over the past three years [2].

Core Viewpoint - On October 20, Wansheng Co., Ltd. experienced a stock price increase of 6.03%, with a trading volume of 279 million yuan, indicating strong market interest and activity in the company's shares [1]. Financing Summary - On the same day, Wansheng Co. recorded a financing purchase amount of 31.81 million yuan, with a net financing purchase of 10.06 million yuan after accounting for repayments [1]. - As of October 20, the total financing and securities balance for Wansheng Co. reached 125 million yuan, representing 1.91% of its market capitalization, which is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - In terms of securities lending, Wansheng Co. had no shares repaid on October 20, but 400 shares were sold short, amounting to 4,432 yuan at the closing price, with a remaining short position of 8,900 shares valued at 98,600 yuan, also above the 90th percentile of the past year [1]. Business Performance - As of September 30, the number of shareholders for Wansheng Co. increased to 21,700, a rise of 1.74%, while the average number of circulating shares per shareholder decreased by 1.71% to 27,193 shares [2]. - For the first half of 2025, Wansheng Co. reported a revenue of 1.623 billion yuan, reflecting a year-on-year growth of 17.07%, while the net profit attributable to shareholders decreased by 65.02% to 26.32 million yuan [2]. - Since its A-share listing, Wansheng Co. has distributed a total of 874 million yuan in dividends, with 271 million yuan distributed over the past three years [2]. Business Overview - Wansheng Co., established on July 17, 2000, and listed on October 10, 2014, is located in the Zhejiang Linhai Two Water Development Zone and specializes in the research, production, and sales of organophosphorus flame retardants [1]. - The company's main business revenue composition includes: functional polymer additives (67.83%), organic amines (17.15%), coating additives (8.98%), raw materials and intermediates (5.08%), and other sales (0.96%) [1].

Summary of Key Points Core Viewpoint - Wansheng Co., Ltd. has announced the progress of its share repurchase plan, indicating a commitment to return value to shareholders through a structured buyback program [1]. Repurchase Plan Overview - The repurchase plan was approved during the board meeting on April 11, 2025, and the first extraordinary shareholders' meeting on April 28, 2025. The plan allows for the repurchase of shares using self-owned or raised funds through centralized bidding, with a total repurchase amount set between 50 million yuan (inclusive) and 100 million yuan (inclusive) [2]. - The maximum repurchase price is capped at 15.62 yuan per share, and the repurchase period is from April 29, 2025, to April 28, 2026. The repurchased shares will be used for cancellation and reduction of the company's registered capital [2]. September Repurchase Details - In September 2025, the company repurchased a total of 32,000 shares through centralized bidding, which represents 0.0054% of the company's total share capital. The highest transaction price was 10.17 yuan per share, while the lowest was 10.08 yuan per share, with a total payment of 323,900 yuan (excluding stamp duty and transaction commissions) [3]. Cumulative Repurchase Situation - As of September 30, 2025, the company has cumulatively repurchased 62,000 shares, accounting for 0.0105% of the total share capital. The highest transaction price recorded was 10.17 yuan per share, and the lowest was 9.71 yuan per share, with a total payment of 615,660 yuan (excluding stamp duty and transaction commissions) [4]. - The company asserts that the repurchase complies with relevant laws and regulations, and it will continue to repurchase shares based on market conditions while providing timely disclosures to investors [4].