Core Viewpoint - 华设集团 is a leading engineering consulting service provider in China, with a diversified service offering that includes surveying design, planning research, and project management, showcasing a full industry chain service advantage [1] Group 1: Business Performance - In Q3 2025, 华设集团 reported revenue of 2.543 billion yuan, ranking 7th in the industry out of 46 companies, surpassing the industry average of 1.579 billion yuan and the median of 493 million yuan [2] - The main business segments include surveying design, which generated 744 million yuan, accounting for 49.75% of total revenue, and low-carbon and environmental protection services, which contributed 191 million yuan, or 12.81% [2] - The net profit for the same period was 187 million yuan, ranking 6th in the industry, exceeding the industry average net profit of 76.39 million yuan and the median of 24.44 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, 华设集团's debt-to-asset ratio was 56.62%, a decrease from 59.09% year-on-year, but still above the industry average of 42.53% [3] - The gross profit margin for the same period was 34.11%, down from 37.16% year-on-year, yet higher than the industry average of 27.95% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.91% to 30,500, while the average number of circulating A-shares held per shareholder increased by 13.52% to 22,400 [5] - The top ten circulating shareholders saw changes, with 前海开源公用事业股票 and 前海开源新经济混合A exiting the list [5] Group 4: Executive Compensation - The chairman, 杨卫东, received a salary of 1.23 million yuan in 2024, a decrease of 960,000 yuan from 2023 [4] - The general manager, 姚宇, earned 1.13 million yuan in 2024, down from 1.90 million yuan in 2023 [4] Group 5: Business Highlights and Future Outlook - 华设集团's new business segments, including digital intelligence and green low-carbon services, showed positive growth, with revenues of 149 million yuan and 191 million yuan respectively, reflecting year-on-year increases of 22.2% and 4.0% [5][6] - The total contract amount signed in H1 2025 was 3.3 billion yuan, a year-on-year increase of 1.2%, with significant growth in contracts from Jiangsu and Guangdong provinces [5] - The company is expected to see net profits of 324 million yuan, 310 million yuan, and 304 million yuan for the years 2025 to 2027, with a target price adjustment to 9.95 yuan [5][6]

Core Insights - The company reported a revenue of 2.543 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 5.52% [1] - The net profit attributable to shareholders was 186 million yuan, down 19.99% year-on-year [1] - The net profit after deducting non-recurring items was 176 million yuan, reflecting a decrease of 22.62% compared to the previous year [1] - The basic earnings per share stood at 0.27 yuan [1]

Core Viewpoint - The company reported a slight increase in revenue and a notable growth in net profit for the third quarter of 2025, indicating stable financial performance and potential for future growth [1] Financial Performance - The company achieved a revenue of 1,048,282,018.92 yuan in the third quarter of 2025, representing a year-on-year growth of 1.64% [1] - The net profit attributable to shareholders of the listed company was 84,627,677.84 yuan, showing a year-on-year increase of 8.30% [1]

Group 1 - The core point of the article is that Huasheng Group announced the establishment of a new engineering robotics company during its board meeting on October 30, 2025 [1] - For the fiscal year 2024, Huasheng Group's revenue composition is as follows: traditional business accounts for 79.95%, green low-carbon business for 9.73%, digital intelligence for 9.5%, and other businesses for 0.82% [1] - As of the report date, Huasheng Group has a market capitalization of 5.3 billion yuan [1]

Core Viewpoint - The company, Huasheng Group (603018.SH), reported a year-on-year increase in revenue and net profit for the third quarter of 2025, indicating positive financial performance [1]. Financial Performance - The operating revenue for the third quarter was 1.048 billion yuan, representing a year-on-year increase of 1.64% [1]. - The net profit attributable to shareholders of the listed company was 84.6277 million yuan, showing a year-on-year increase of 8.30% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 82.6003 million yuan, reflecting a year-on-year increase of 6.68% [1].

| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2025-051 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 华设设计集团股份有限公司 关于增加2025年度日常关联交易预计金额的公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 华设设计集团股份有限公司（以下简称"公司"或"华设集团"）已分别于 2025年4月9日和2025年5月20日召开第五届董事会第二十一次会议和2024年年度 股东大会，审议通过《关于2025年度预计日常关联交易的议案》，具体情况详见 公司在上海证券交易所网站（www.sse.com.cn）披露的《华设设计集团股份有 限公司关于2024年度日常关联交易及2025年度预计日常关联交易的公告》（公告 编号：2025-018）。 公司于2025年10月30日召开第五届董事会第二十五次会议和第五届监事会 第二十二次会议，审议《关于增加2025年度日常关联交易预计金额的议案》 ...

| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2025-052 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 华设设计集团股份有限公司 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 11 月 07 日（星期五）14:00-15:00 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 31 日（星期五）至 11 月 06 日（星期四）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@cdg.com.cn 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。 华设设计集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发 布 ...

华设设计集团股份有限公司 第五届监事会第二十二次会议决议公告 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。 一、监事会会议召开情况 华设设计集团股份有限公司第五届监事会第二十二次会议于2025年10月30 日在公司AB507会议室（南京市秦淮区紫云大道9号）召开，会议由监事会主席 汤蓉召集并主持。本次会议通知于2025年10月20日以书面方式送达各位监事。本 次会议应出席监事3名，实际出席3名。会议采用现场方式进行。会议的召开符合 《中华人民共和国公司法》及《华设设计集团股份有限公司章程》的规定。公司 董事会秘书、证券事务代表列席了会议。 二、监事会会议审议情况 | 证券代码：603018 | 证券简称：华设集团 | 公告编号：2025-049 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 二○二五年十月三十日 1、审议通过《公司2025年第三季度报告》 《公司2025年第三季度报告》所载资料不存在任何虚假记载、误导性陈述或 者重大遗漏，监事会对其内容的真实性、准确 ...

| | | 华设设计集团股份有限公司 第五届董事会第二十五次会议决议公告 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。 一、董事会会议召开情况 华设设计集团股份有限公司第五届董事会第二十五次会议于2025年10月30 日在公司AB507会议室（南京市秦淮区紫云大道9号）召开，会议由董事长杨卫 东召集并主持。本次会议通知于2025年10月20日以书面和邮件方式送达各位董 事。本次会议应出席董事9名，实际出席9名。会议采用现场与通讯表决方式进 行。会议的召开符合《中华人民共和国公司法》及《华设设计集团股份有限公 司章程》的规定。公司监事、董事会秘书和财务负责人列席了会议。 二、董事会会议审议情况 1、审议通过《公司2025年第三季度报告》； 《公司2025年第三季度报告》已经第五届董事会审计委员会2025年第四次 会议审议通过。 具体内容详见与本公告同时披露的相关文件。 表决结果：同意9票，反对0票，弃权0票。 2、审议通过《关于增加2025年度日常关联交易预计金额的议案》 该议案已经公司2025年独立董事第三次专门会议提前审 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 1,048,282,018.92, representing a year-on-year increase of 1.64%[4] - The net profit attributable to shareholders was CNY 84,627,677.84, reflecting an increase of 8.30% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 was CNY 2,543,243,148.92, a decrease of 5.5% compared to CNY 2,691,919,330.14 in the same period of 2024[18] - The net profit for the first three quarters of 2025 was CNY 187,195,481.45, a decrease of 18.0% compared to CNY 228,305,663.96 in the same period of 2024[19] - The total profit for the first three quarters of 2025 was CNY 221,504,158.90, down from CNY 269,656,337.85 in 2024, reflecting a decline of 17.9%[19] - The operating profit for the first three quarters of 2025 was CNY 221,370,779.11, compared to CNY 271,204,352.98 in 2024, indicating a decrease of 18.4%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 12,418,655,458.01, showing a decrease of 4.38% from the end of the previous year[5] - The total assets of the company amounted to CNY 12,418,655,458.01 as of September 30, 2025, compared to CNY 12,987,402,901.13 at the end of 2024, a reduction of 4.4%[16] - The total liabilities decreased to CNY 7,031,505,453.98 as of September 30, 2025, from CNY 7,717,571,823.96 at the end of 2024, reflecting a decline of 8.9%[15] Cash Flow - The company's net cash flow from operating activities was negative CNY 428,913,533.72, indicating a significant cash outflow[5] - The cash flow from operating activities for the first three quarters of 2025 was negative at CNY -428,913,533.72, an improvement from CNY -612,019,116.65 in 2024[23] - The cash flow from investing activities generated a net inflow of CNY 160,333,460.59 in the first three quarters of 2025, compared to a net outflow of CNY -139,178,348.13 in 2024[23] - The cash flow from financing activities resulted in a net outflow of CNY -21,394,345.46 in the first three quarters of 2025, an improvement from CNY -44,332,379.10 in 2024[24] - The total cash and cash equivalents at the end of the third quarter of 2025 stood at CNY 1,476,229,286.60, an increase from CNY 1,284,771,507.51 in 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,498[11] - The top shareholder, Zhang Yuejun, held 28,487,100 shares, representing 4.17% of the total shares[11] Earnings Per Share - The basic earnings per share for the quarter was CNY 0.12, a decrease of 22.86% compared to CNY 0.27 for the same period last year[5] - The basic earnings per share for the first three quarters of 2025 was CNY 0.27, down from CNY 0.35 in the same period of 2024[20] - The diluted earnings per share for the first three quarters of 2025 was CNY 0.27, compared to CNY 0.34 in 2024, reflecting a decrease of 20.6%[20] Other Financial Metrics - The weighted average return on equity decreased by 1.16 percentage points to 1.57% compared to the previous year[5] - The company's cash and cash equivalents decreased to CNY 1,484,717,077.38 as of September 30, 2025, from CNY 1,876,110,095.63 at the end of 2024, representing a decline of 20.9%[14] - Accounts receivable as of September 30, 2025, was CNY 3,720,041,707.68, slightly down from CNY 3,848,123,344.32 at the end of 2024, indicating a decrease of 3.3%[14] - The company reported a significant increase in inventory to CNY 270,482,799.54 as of September 30, 2025, compared to CNY 257,964,709.20 at the end of 2024, an increase of 4.8%[14] - The company’s long-term equity investments were CNY 424,091,854.47 as of September 30, 2025, slightly down from CNY 429,359,613.00 at the end of 2024, a decrease of 1.2%[14] - The company’s retained earnings increased to CNY 3,722,489,514.72 as of September 30, 2025, compared to CNY 3,606,822,039.51 at the end of 2024, an increase of 3.2%[16] - The company reported a decrease in interest income to CNY 18,549,777.78 from CNY 19,900,033.93 in the previous year, a decline of 6.8%[19] - The company experienced a 38.90% increase in short-term borrowings, attributed to an increase in bank loans[9] - The company reported a 55.28% increase in construction in progress, primarily due to the construction of the innovation center[9]