Company Overview - Xin Hong Tai Electric Technology Co., Ltd. is located in Wuxi, Jiangsu Province, established on November 3, 2008, and listed on July 1, 2016. The company specializes in the research, production, and sales of key components for circuit breakers, low-voltage circuit breakers, BMC molded insulation products, and knife melting switches [1]. Stock Performance - As of November 12, Xin Hong Tai's stock price decreased by 2.02%, trading at 26.13 CNY per share, with a total market capitalization of 3.871 billion CNY. The stock has dropped 29.05% year-to-date and 3.69% over the last five trading days [1]. - The company has seen a net outflow of 2.0828 million CNY in principal funds, with significant buying and selling activity from large orders [1]. Financial Performance - For the period from January to September 2025, Xin Hong Tai reported a revenue of 465 million CNY, a year-on-year decrease of 1.04%. The net profit attributable to shareholders was 47.8112 million CNY, down 8.37% compared to the previous year [2]. Shareholder Information - As of September 30, the number of shareholders increased to 13,200, a rise of 17.39%. The average number of circulating shares per person decreased by 14.82% to 11,211 shares [2]. Dividend Distribution - Since its A-share listing, Xin Hong Tai has distributed a total of 527 million CNY in dividends, with 171 million CNY distributed over the past three years [3]. Industry Classification - Xin Hong Tai is classified under the Shenwan industry category of electric power equipment, specifically in grid equipment and distribution equipment. The company is associated with concepts such as new infrastructure, railway infrastructure, small-cap stocks, electric power IoT, and ultra-high voltage [1].

Core Viewpoint - The company XinHongTai, established in 2008 and listed in 2016, is a significant supplier of key components for circuit breakers in China, showcasing technological and product quality advantages in the low-voltage electrical sector, indicating potential investment value [1] Group 1: Business Performance - In Q3 2025, XinHongTai achieved a revenue of 465 million yuan, ranking 20th among 26 companies in the industry, while the industry leader, Chint Electric, reported revenue of 46.396 billion yuan [2] - The company's net profit for the same period was 50.126 million yuan, placing it 18th in the industry, with Chint Electric's net profit at 5.656 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, XinHongTai's debt-to-asset ratio was 18.72%, an increase from 18.11% year-on-year, significantly lower than the industry average of 40.49% [3] - The company's gross profit margin in Q3 2025 was 28.15%, down from 30.33% year-on-year, but still above the industry average of 23.98% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Zhao Minhui was 1.1852 million yuan in 2024, reflecting an increase of 201,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 17.39% to 13,200, while the average number of circulating A-shares held per account decreased by 14.82% [5]

Core Insights - The company XinHongTai (603016.SH) reported a total revenue of 465 million yuan for Q3 2025, ranking 71st among disclosed peers, which represents a decrease of 4.90 million yuan or 1.04% year-on-year [1] - The net profit attributable to shareholders was 47.81 million yuan, ranking 56th among peers, down by 4.37 million yuan or 8.37% compared to the same period last year [1] - The net cash inflow from operating activities was 48.81 million yuan, ranking 37th among peers, a decrease of 29.77 million yuan or 37.89% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 18.72%, ranking 13th among peers, which is an increase of 0.85 percentage points from the previous quarter and 0.61 percentage points from the same period last year [3] - The latest gross profit margin is 28.15%, ranking 34th among peers, down by 0.14 percentage points from the previous quarter and 2.19 percentage points year-on-year [3] - The latest return on equity (ROE) is 5.80%, ranking 39th among peers, a decrease of 0.50 percentage points from the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.32 yuan, ranking 38th among peers, a decrease of 0.03 yuan or 8.57% year-on-year [3] - The total asset turnover ratio is 0.44 times, ranking 39th among peers, down by 0.01 times or 1.51% year-on-year [3] - The inventory turnover ratio is 2.77 times, ranking 38th among peers, a decrease of 0.02 times or 0.61% year-on-year [3] Shareholder Information - The number of shareholders is 13,200, with the top ten shareholders holding a total of 89.93 million shares, accounting for 60.70% of the total share capital [3] - The largest shareholder is Zhao Minhui, holding 17.7% of the shares, followed by Wuxi Industrial Development Group Co., Ltd. with 15.6% [3]

Core Points - The company has announced the cancellation of its supervisory board and the revision of its articles of association to enhance corporate governance in accordance with new regulatory requirements [7][8] - The board of directors and senior management have guaranteed the accuracy and completeness of the quarterly report, assuming legal responsibility for any misstatements or omissions [2][6] - The financial statements for the third quarter are unaudited, and the company has not reported any significant non-recurring gains or losses [3][4] Financial Data - The financial data presented in the quarterly report is in RMB, and the report period refers to the three months from the beginning to the end of the quarter [3] - The company has not identified any significant changes in major accounting data or financial indicators during the reporting period [5] Governance Changes - The decision to cancel the supervisory board is based on the implementation of the new Company Law and related regulations, which allows the audit committee of the board to assume the supervisory functions [7] - The revisions to the articles of association are aimed at aligning with the updated legal framework and improving the company's operational structure [8]

Core Viewpoint - XinHongTai (603016) announced the nomination of Mr. Wu Junfei and Ms. Li Xiuzhi as candidates for non-independent directors of the sixth board of directors [1] Company Summary - The company has made a formal announcement regarding the nomination of two individuals for its board of directors [1]

Group 1 - The core point of the article is that Xin Hong Tai reported its Q3 2025 financial results, showing a slight increase in revenue but a decline in net profit [2] - The company achieved operating revenue of 157,553,604.59 yuan, representing a year-on-year growth of 1.83% [2] - The net profit attributable to shareholders of the listed company was 13,538,409.80 yuan, reflecting a year-on-year decrease of 6.89% [2]

Core Viewpoint - XinHongTai (603016.SH) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 465 million yuan, representing a year-on-year decrease of 1.04% [1] - The net profit attributable to shareholders was 47.81 million yuan, down 8.37% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 43.34 million yuan, a decline of 8.73% compared to the previous year [1] - Basic earnings per share stood at 0.32 yuan [1]

无锡新宏泰电器科技股份有限公司 投资者关系管理制度 无锡新宏泰电器科技股份有限公司 投资者关系管理制度 （2025 年 10 月修订） 第一章 总则 第一条 为促进和完善无锡新宏泰电器科技股份有限公司（以下简称"公 司"）治理结构，规范公司投资者关系管理工作，加强公司与投资者之间的有效 沟通，提高公司质量，切实保护投资者特别是中小投资者合法权益，根据《公司 法》、《证券法》、《上市公司投资者关系管理工作指引》、《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》等法律、行政法规、中国证监会规定、上 海证券交易所业务规则和《公司章程》的相关规定，并结合公司的实际情况，特 制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者和潜在投资者（以下统称"投资者"）之 间的沟通，增进投资者对公司的了解和认同，以提升公司治理水平和企业整体价 值，实现尊重投资者、回报投资者、保护投资者目的的相关活动。 第三条 投资者关系管理的目的： （一）促进公司与投资者之间的良性关系，增进投资者对公司的进一步了解 和熟悉； （二）建立稳定和优质的投资者基础，获得长期 ...

无锡新宏泰电器科技股份有限公司 董事会审计委员会工作细则 （2025年10月修订） 第一章 总 则 第一条 为强化无锡新宏泰电器科技股份有限公司（以下简称"公司"）董 事会决策功能，做到事前审计、专业审计，确保董事会对管理层的有效监督，完 善公司治理结构，根据《公司法》等法律、行政法规、中国证监会规定、上海证 券交易所业务规则以及《无锡新宏泰电器科技股份有限公司章程》（以下简称"《公 司章程》"）的相关规定和要求，公司特设立董事会审计委员会（以下简称"审计 委员会"），并制定本工作细则。 第二条 审计委员会是董事会下设的专门工作机构，主要负责公司内、外部 审计的沟通、监督和核查工作。 第二章 人员组成 无锡新宏泰电器科技股份有限公司 董事会审计委员会工作细则 第三章 职责权限 第三条 审计委员会成员由三名董事组成，均为不在公司担任高级管理人员 的董事，其中独立董事过半数，委员中至少有一名独立董事为会计专业人士。董 事会成员中的职工代表可以成为审计委员会成员。 审计委员会成员原则上应当独立于公司的日常经营管理事务。审计委员会成 员应当勤勉尽责，切实有效地监督、评估公司内外部审计工作，促进公司建立有 效的内部控制 ...

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。 证券代码：603016 证券简称：新宏泰 公告编号：2025-032 无锡新宏泰电器科技股份有限公司 关于补选公司董事并调整董事会专门委员会委员的公 告 1 号——规范运作》相关法律、法规及《公司章程》的有关规定，结合公司的实 际情况，为确保各专门委员会运作的连续性与有效性，公司董事会对专门委员会 委员进行相应调整。调整后成员情况如下： | 委员会名称 | 调整前委员会成员 | 调整后委员会成员 | | --- | --- | --- | | 战略委员会 | 丁奎（主任委员）、赵敏海、 黄安君、高岩敏、金梦洁 | 丁奎（主任委员）、赵敏海、 黄安君、赵寅海、吴俊飞 | | 审计委员会 | 朱哲民（主任委员）、黄安君、 王心怡 | 朱哲民（主任委员）、黄安君、 李秀芝 | | 提名委员会 | 郑云瑞（主任委员）、朱哲民、 高岩敏 | 郑云瑞（主任委员）、朱哲民、 赵寅海 | 其中吴俊飞先生、李秀芝女士任期自公司股东大会审议通过之日起至第六届 董事会任期届满之日止。 特此公告。 ...