Core Viewpoint - Jineng Technology (603113.SH) reported a significant decline in revenue and net profit for Q3 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 4.146 billion yuan, representing a year-on-year decrease of 21.25% [1] - The net profit attributable to shareholders of the listed company was -0.105 billion yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -0.121 billion yuan [1]

金能科技股份有限公司信息披露管理办法 第一章 总则 第一条 为规范金能科技股份有限公司(以下简称"公司")的信 息披露工作，促进公司依法规范运作，保护投资者合法权益，明确公 司及相关信息披露义务人的信息披露义务，根据《中华人民共和国证 券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以 下简称"《公司法》"）、《上海证券交易所股票上市规则》（以下 简称"《股票上市规则》"）、《上市公司信息披露管理办法》（以 下简称"《信息披露办法》"）、《上海证券交易所上市公司自律监 管指引第 2 号——信息披露事务管理》（以下简称"《监管指引第 2 号》"以及《金能科技股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，结合公司实际情况，特制定本管理制度。 第二条 本制度所称"信息"是指所有对公司证券及其衍生品种 的交易价格可能或已经产生重大影响而投资者尚未得知的重大信息 以及监管部门要求披露的信息。 本制度所称"披露"是指在规定的时间内、在规定的媒体上、以 规定的方式向社会公众公布前述的信息，并按规定报送证券监管部 门。 第三条 公司按照《上市规则》等有关法律、法规和规范性文件 的要求，在规定时间内通 ...

第一章 总则 第一条 为规范金能科技股份有限公司（以下简称"公司"或"本公司"） 信息披露暂缓与豁免行为，保证公司依法合规履行信息披露义务，根据《中华 人民共和国证券法》《上市公司信息披露管理办法》《上市公司信息披露暂缓 与豁免管理规定》《上海证券交易所股票上市规则》（以下简称"《股票上市 规则》"）、《上海证券交易所上市公司自律监管指引第 2 号——信息披露事 务管理》以及《金能科技股份有限公司章程》（以下简称"《公司章 程》"）、《金能科技股份有限公司信息披露管理办法》（以下简称"《信息 披露管理办法》"）等规定，制定本制度。 第二条 公司和其他信息披露义务人按照《上市公司信息披露管理办法》 《上市公司信息披露暂缓与豁免管理规定》《股票上市规则》《上海证券交易 所上市公司自律监管指引第 2 号——信息披露事务管理》及上海证券交易所 （以下简称"上交所"）其他相关业务规则的规定，暂缓、豁免披露临时报 告，在定期报告、临时报告中豁免披露中国证券监督管理委员会（以下简称中 国证监会）和上海证券交易所规定或者要求披露的内容，适用本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地 披露信息 ...

证券代码：603113 证券简称：金能科技 公告编号：2025-098 金能科技股份有限公司 2025 年第三季度主要经营数据公告 | 主要产品 | 经营指标 | 单位 | 2025 | 年第三季度 | 2024 年第三季度 | 变动比率 （%） | | --- | --- | --- | --- | --- | --- | --- | | 烯烃产品 | | 元/吨 | | 6,156.42 | 6,651.47 | -7.44 | | 炭黑产品 | 平均售价 | | | 5,658.91 | 7,115.07 | -20.47 | | 煤焦产品 | （不含税） | | | 1,319.12 | 1,937.99 | -31.93 | | 精化产品 | | | | 15,985.00 | 17,595.78 | -9.15 | （三） 主要原材料的价格变动情况 | 主要原材料 | 经营指标 | 单位 | 2025 | 年第三季度 | 2024 年第三季度 | 变动比率 （%） | | --- | --- | --- | --- | --- | --- | --- | | 煤炭 | 平均单价 | 元/吨 | 3 ...

证券代码：603113 证券简称：金能科技 公告编号：2025-099 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 19 日下午 14:00-15:00 金能科技股份有限公司 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个别及连带责任。 重要内容提示： 投资者可于 2025 年 11 月 12 日(星期三) 至 11 月 18 日(星期二)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 jinnengkeji@jin-neng.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。 金能科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日披露 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 2 ...

证券代码：603113 证券简称：金能科技 公告编号：2025-097 金能科技股份有限公司 第五届董事会第十八次会议决议公告 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个别及连带责任。 重要内容提示： 一、董事会会议召开情况 金能科技股份有限公司（以下简称"公司"）第五届董事会第十八次会议的 书面通知于 2025 年 10 月 24 日以电子邮件、电话及专人送达方式发出，会议于 2025 年 10 月 30 日在公司会议室以现场及通讯表决的方式召开。应参加会议并 表决的董事 11 名，实际参加会议并表决的董事 11 名，会议由董事长秦庆平先生 主持，公司全体高级管理人员列席了本次会议。会议的通知、召开符合《公司法》 《公司章程》及有关法律、法规的规定。 二、董事会会议审议情况 （一）审议并通过了《关于公司 2025 年第三季度报告的议案》 表决结果：同意 11 票，反对票 0 票，弃权 0 票。 经审议，公司 2025 年三季度报告所披露的信息真实、准确、完整，不存在 任何虚假记载、误导性陈述或重大遗漏，同意公司编制的 2025 ...

Financial Performance - The company's operating revenue for the third quarter was approximately CNY 4.15 billion, a decrease of 21.25% compared to the same period last year[5]. - The total profit for the quarter was a loss of approximately CNY 125.29 million, representing a decline of 1,647.90% year-on-year[5]. - The net profit attributable to shareholders was approximately CNY -104.67 million, a decrease of 1,087.12% compared to the same period last year[5]. - The basic earnings per share for the quarter was CNY -0.12, a decline of 1,300.00% year-on-year[6]. - The net profit for the first three quarters of 2025 was a loss of ¥78.23 million, compared to a loss of ¥32.43 million in 2024, indicating a worsening performance[21]. - The company reported a total profit loss of ¥108.40 million in 2025, compared to a loss of ¥38.03 million in 2024, indicating a decline in profitability[20]. - The basic earnings per share for 2025 was -¥0.09, compared to -¥0.04 in 2024, showing a deterioration in earnings performance[21]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 19.45 billion, an increase of 2.28% from the end of the previous year[6]. - As of September 30, 2025, the total assets of the company amounted to CNY 19,449,321,277.94, an increase from CNY 19,016,690,637.55 at the end of 2024[15]. - The company's current assets totaled CNY 8,485,442,542.57, up from CNY 7,940,444,091.93 in the previous year, indicating a growth of approximately 6.9%[15]. - The company's total liabilities reached CNY 11,166,075,170.80, an increase from CNY 10,386,552,424.61, representing a growth of about 7.5%[17]. - The total equity attributable to shareholders decreased to CNY 8,283,246,107.14 from CNY 8,630,138,212.94, a decline of approximately 4.0%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately CNY 91.85 million, a decrease of 87.21% compared to the previous year[10]. - The cash flow from operating activities generated a net amount of ¥91.85 million in 2025, a significant decrease from ¥718.21 million in 2024[23]. - The net cash flow from investment activities was -¥412,110,255.61, improving from -¥866,703,538.02 year-over-year[24]. - The net cash flow from financing activities was ¥716,568,783.27, slightly up from ¥659,552,894.59[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,231[12]. - The largest shareholder, Qin Qingping, holds 37.4% of the shares, totaling approximately 317.91 million shares[12]. Investment and Expenses - The company reported non-recurring gains and losses totaling approximately CNY 16.08 million for the quarter[8]. - Research and development expenses rose to ¥116.74 million in 2025, up from ¥92.21 million in 2024, reflecting an increase of approximately 26.7%[20]. - The company incurred financial expenses of ¥75.60 million in 2025, a decrease from ¥172.65 million in 2024, reflecting improved cost management[20]. Inventory and Borrowings - The inventory increased significantly to CNY 2,061,005,988.08 from CNY 1,611,886,023.63, reflecting a rise of about 27.8%[15]. - Short-term borrowings rose to CNY 4,844,989,180.23, compared to CNY 4,004,706,814.78, marking an increase of approximately 20.9%[16]. - The company's long-term borrowings decreased to CNY 713,479,353.72 from CNY 1,050,649,767.25, a reduction of about 32.0%[17]. Other Financial Metrics - The weighted average return on net assets was -1.23%, a decrease of 1.35 percentage points compared to the previous year[6]. - Other comprehensive income after tax for 2025 was ¥15.19 million, contrasting with a loss of ¥8.94 million in 2024, indicating a positive shift in comprehensive income[21]. - The impact of exchange rate changes on cash and cash equivalents was ¥47,920,780.15, compared to ¥24,173,172.22 previously[24]. Accounting Standards - The company will not apply new accounting standards starting from 2025[25].

Core Viewpoint - The upcoming launch of monthly average futures for linear low-density polyethylene, polyvinyl chloride, and polypropylene is expected to provide more precise hedging tools for companies, addressing pricing and hedging misalignments, and promoting a more stable and resilient plastic industry in China, especially amid significant growth in production capacity and exports [1] Market Application and Demand - The average pricing model has established a foundation in the plastic industry, particularly in long-term trade agreements and stable supply chain collaborations, with increasing adoption [2] - The global plastic industry has a pressing need to smooth price volatility risks and stabilize trade costs, leading to the widespread use of average pricing models in international trade [2][3] - The demand for stable pricing models has intensified due to geopolitical factors, oil price fluctuations, and supply-demand structure adjustments, making the launch of monthly average futures timely [3][5] Risk Management and Pricing Stability - Monthly average futures can alleviate the impact of daily price volatility, allowing companies to focus on long-term production planning and cost control, which is a pressing need for the industry [4] - The introduction of monthly average futures is expected to complement existing pricing models, enabling production companies to manage price risks more accurately and enhancing China's role in shaping international trade pricing rules [4][8] Export Growth and International Trade - China's polypropylene export volume has significantly increased from 430,000 tons in 2020 to an expected 2.35 million tons in 2024, indicating a sustained growth trend [5] - The expansion of China's plastic export scale highlights the potential application of monthly average futures in cross-border trade, facilitating a transition from "price following" to "price setting" [5][6] - The combination of monthly average futures with hedging tools can create a comprehensive risk management solution for companies facing price and exchange rate fluctuations in export markets [6][7] Global Pricing Influence - The launch of monthly average futures is seen as a key to establishing a fair pricing benchmark that aligns with international average trade practices, enhancing the efficiency of cross-border transactions [7][8] - If widely adopted, monthly average futures could lead to the formation of a new international pricing node based on "China's monthly average futures," significantly enhancing China's international pricing power in the plastic industry [8]

Core Viewpoint - The announcement details the resignation of Mr. Cao Yong, the Deputy General Manager of Jineng Technology Co., Ltd., due to personal reasons, while he will continue to serve as the head of the Safety and Environmental Protection Department [1] Group 1: Management Changes - Mr. Cao Yong submitted his resignation report to the board, which is effective immediately upon receipt [1] - Following his resignation, Mr. Cao Yong will take on the role of Minister of the Safety and Environmental Protection Department [1] Group 2: Impact on the Company - The resignation of Mr. Cao Yong is not expected to affect the daily operations and management of the company [1]

Core Viewpoint - Jineng Technology announced the resignation of Vice General Manager Cao Yong due to personal reasons, after which he will serve as the head of the Safety and Environmental Protection Department [2] Company Summary - The company's board received a resignation report from Vice General Manager Cao Yong [2] - Following his resignation, Cao Yong will continue to work within the company as the head of the Safety and Environmental Protection Department [2]