Core Viewpoint - Tenglong Co., Ltd. is a leading enterprise in the automotive thermal management sector, focusing on the research, production, and sales of automotive heat exchange system pipeline products, with a strong technical capability in this area [1] Financial Performance - For Q3 2025, Tenglong's revenue was 2.865 billion yuan, ranking 24th among 103 companies in the industry, significantly lower than the top company Weichai Power at 170.571 billion yuan and second-ranked Top Group at 20.928 billion yuan [2] - The main business revenue breakdown includes 1.228 billion yuan from automotive thermal management system components (64.89%), 363 million yuan from EGR systems and sensors (19.20%), and 301 million yuan from automotive rubber and plastic components (15.91%) [2] - The net profit for the same period was 164 million yuan, ranking 32nd in the industry, again far behind Weichai Power's 10.852 billion yuan and Top Group's 1.969 billion yuan [2] Financial Ratios - As of Q3 2025, Tenglong's debt-to-asset ratio was 48.17%, higher than the previous year's 45.66% and above the industry average of 39.06% [3] - The gross profit margin for Q3 2025 was 19.05%, down from 21.83% in the previous year and below the industry average of 21.53% [3] Executive Compensation - The chairman, Jiang Xuezheng, received a salary of 600,000 yuan in 2024, a decrease of 100,000 yuan from 2023 [4] - The general manager, Li Min, earned 660,000 yuan in 2024, down 28,200 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 90.63% to 69,000, while the average number of circulating A-shares held per shareholder decreased by 47.54% to 7,110.35 [5] - The top circulating shareholder is Guangfa Innovation Upgrade Mixed Fund, holding 3.621 million shares as a new shareholder [5] Business Development - Tenglong's revenue from new energy vehicle thermal management products reached 681 million yuan in the first half of 2025, accounting for 55.42% of the thermal management system components revenue, with 138 new project approvals, including 112 for new energy projects [5] - The company is expanding its overseas market presence, with overseas sales revenue of 462 million yuan in the first half of 2025, representing 24.41% of total revenue [5] - Tenglong is also exploring non-automotive thermal management applications, with small-scale production of liquid cooling products [5] Strategic Initiatives - The company is accelerating its transition to new energy, with the revenue share of new energy vehicle thermal management products expected to reach 63.8% in 2024 [6] - The Polish factory's integrated module production line is ramping up, and the domestic integrated module project is set to begin mass production in May 2025 [6] - Tenglong aims to achieve overseas sales revenue of 740 million yuan in 2024, with the Polish factory nearing breakeven [6]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 972,208,049.60, representing a year-on-year increase of 0.50%[3] - The total profit for the period decreased by 55.39% to CNY 66,244,196.91, while the net profit attributable to shareholders fell by 57.16% to CNY 52,072,059.01[3] - The basic earnings per share for Q3 2025 was CNY 0.11, down 56.00% compared to the same period last year[3] - The net profit attributable to shareholders for the year-to-date was CNY 142,813,695.73, down 39.59% compared to the same period last year[3] - The net profit for the first three quarters of 2025 is CNY 164,098,722.51, a decrease of 38.5% compared to CNY 266,678,057.50 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 is CNY 194,319,891.73, down 37.9% from CNY 312,936,786.76 in the previous year[20] - Total comprehensive income for the first three quarters of 2025 is CNY 192,070,597.90, compared to CNY 283,955,838.19 in the same period of 2024, reflecting a decline of 32.4%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,011,970,465.69, an increase of 5.25% from the end of the previous year[4] - Total assets increased to ¥5,011,970,465.69 as of September 30, 2025, compared to ¥4,762,103,949.59 at the end of 2024, marking a growth of 5.2%[16] - Total liabilities rose to ¥2,414,030,611.34, an increase of 6.3% from ¥2,270,986,265.90[16] - The company's equity attributable to shareholders increased to ¥2,323,171,951.56 from ¥2,231,319,759.72, reflecting a growth of 4.1%[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 373,548,341.45, reflecting a 42.74% increase[3] - Cash flow from operating activities generated a net amount of CNY 373,548,341.45, an increase of 42.7% from CNY 261,706,987.57 year-over-year[23] - Cash and cash equivalents at the end of the period reached CNY 500,896,170.15, up from CNY 326,782,537.39 at the end of the same period last year[23] - The company's cash and cash equivalents increased to ¥566,838,080.97 as of September 30, 2025, compared to ¥385,810,758.78 at the end of 2024, reflecting a growth of 47.0%[14] - The company reported a decrease in investment income, with losses amounting to CNY 16,491,229.60 compared to losses of CNY 13,745,291.00 in the previous year[20] Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥2,670,784,153.54, up 8.6% from ¥2,458,914,110.92 in the first three quarters of 2024[18] - Research and development expenses increased to CNY 153,514,360.81, up 26.4% from CNY 121,490,120.91 year-over-year[20] - The company's total liabilities increased, with a significant rise in financial expenses, which were reported at CNY -2,550,558.16 compared to CNY 18,331,176.74 in the previous year[20] Shareholder Information - The company reported a total of 69,026 common shareholders at the end of the reporting period[10] - The company repurchased 5,300,040 shares, accounting for 1.08% of the total share capital[12] - The company has not reported any significant changes in major shareholders or their participation in margin trading activities[12] Sales and Revenue - Total operating revenue for the first three quarters of 2025 reached ¥2,865,090,084.95, an increase of 6.0% compared to ¥2,703,078,760.57 in the same period of 2024[18] - Sales revenue from goods and services received in cash for the first three quarters of 2025 is CNY 2,138,540,330.50, a decrease of 5.1% from CNY 2,253,101,726.44 in 2024[22] - The gross profit margin for the first three quarters was 19.05%, a decrease of 2.19 percentage points year-on-year[8] Orders and Contracts - The company secured new orders with a total lifecycle value of approximately CNY 4.336 billion in Q3 2025[8] Return on Equity - The weighted average return on equity decreased by 4.49 percentage points to 6.28% year-to-date[3]

证券代码：603158 证券简称：腾龙股份 公告编号：2025-061 常州腾龙汽车零部件股份有限公司 关于第一期员工持股计划部分股份回购注销实施的 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: 回购注销原因：鉴于常州腾龙汽车零部件股份有限公司（以下简称"公 司"）第一期员工持股计划第三个解锁期公司层面业绩考核未完全达成，公司决 定回购注销已授予但尚未解锁的权益份额对应标的股票 29,158 股。 本次注销股份的有关情况 | 回购股份数量 | | 注销股份数量 | | | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 29,158 | 股 | 29,158 | 股 | 2025 | 年 | 10 月 | 28 | 日 | 公司于 2025 年 8 月 12 日召开 2025 年第二次临时股东大会，审议通过了《关 于回购注销第一期员工持股计划未解锁股份的议案》。 （二）公司于 2025 年 8 月 13 日在上 ...

Core Viewpoint - The company has announced a buyback and cancellation of unvested equity shares due to unmet performance targets in the employee stock ownership plan's third unlocking period [1] Group 1: Buyback Details - The company will repurchase and cancel 29,158 shares of stock corresponding to unvested equity at a price of 3.57 yuan per share [1] - The buyback and cancellation are expected to be completed by October 28, 2025 [1] Group 2: Impact on Share Structure - After the completion of the buyback, the company's share structure will consist of 491 million unrestricted circulating shares, representing 100% of the total share capital [1] - This buyback will not result in any changes to the controlling shareholder or actual controller of the company [1] Group 3: Financial Implications - The buyback and cancellation will not have a substantial impact on the company's operating performance or financial condition [1]

Core Viewpoint - The announcement details the release of share pledges by the controlling shareholder and its concerted parties, indicating a stable financial situation for the company and no adverse effects on its operations or governance [1][8]. Shareholding Structure - The controlling shareholder, Tenglong Technology Group Co., Ltd., holds 133,768,236 shares, accounting for 27.26% of the total share capital of 490,799,306 shares [2]. - Shareholder Jiang Yilin holds 51,597,231 shares, representing 10.51% of the total share capital [2]. - The actual controller, Jiang Xuezhen, holds 1,250,480 shares, which is 0.25% of the total share capital [2]. - Together, these shareholders hold a total of 186,615,947 shares, which is 38.02% of the total share capital [3]. Pledge Release Details - Jiang Yilin's shares have been released from pledge, with no plans to re-pledge these shares in the future [5]. - The total number of pledged shares by the controlling shareholder and its concerted parties is 86,676,000 shares, which is 46.45% of their total holdings and 17.66% of the company's total share capital [3]. Pledge Situation - The controlling shareholder has 54,196,000 shares due for pledge in the next six months, representing 40.51% of its holdings and 11.04% of the total share capital, with a corresponding financing amount of 210 million yuan [6]. - In the next 7-12 months, an additional 32,480,000 shares are due for pledge, accounting for 24.28% of its holdings and 6.62% of the total share capital, with a financing amount of 85 million yuan [6]. - The repayment sources for the pledged financing include operational income, cash dividends from the listed company, and self-raised funds, indicating the controlling shareholder's ability to repay without facing forced liquidation risks [6]. Impact on the Company - The pledge situation will not affect the company's operations, main business, financing credit, or ongoing viability [8]. - There will be no impact on the company's governance, and the board members will remain unchanged, ensuring independence in ownership, business, assets, and personnel [8]. - The pledge situation is not related to any major asset restructuring or performance compensation guarantees [9].

Core Viewpoint - Tenglong Co., Ltd. announced the release of share pledges by shareholder Jiang Yilin, involving a total of 8,340,000 shares [2] Group 1 - The number of shares released from pledge is 8,340,000 [2]

Core Points - Tenglong Co., Ltd. announced a significant share reduction by shareholder Jiang Yilin, who reduced her holdings by a total of 14,713,881 shares, representing 3.00% of the company's total share capital [1] - Following the reduction, Jiang Yilin's shareholding decreased from 66,311,112 shares to 51,597,231 shares, lowering her ownership percentage from 13.51% to 10.51% [1] Summary by Category - **Shareholder Activity** - Jiang Yilin executed a share reduction between July 18, 2025, and October 14, 2025, through both centralized bidding and block trading methods [1] - The reduction included 4,897,912 shares sold via centralized bidding and 9,815,969 shares sold through block trading [1] - **Impact on Shareholding** - Post-reduction, Jiang Yilin's total shares held decreased significantly, indicating a shift in ownership structure within the company [1] - The reduction in shareholding percentage may influence market perception and investor confidence in Tenglong Co., Ltd. [1]

Group 1 - On October 15, Tenglong Co., Ltd. executed a block trade of 1.2145 million shares, with a transaction amount of 11.222 million yuan, accounting for 6.04% of the total trading volume for the day [1] - The transaction price was 9.24 yuan, which represents an 11.83% discount compared to the market closing price of 10.48 yuan [1]

Core Viewpoint - Tenglong Co., Ltd. announced the completion of a share reduction plan by shareholder Jiang Yilin, who reduced her holdings by 14.71 million shares, realizing 136 million yuan in cash [1][2]. Summary by Sections Share Reduction Plan Implementation - On June 25, 2025, Tenglong Co., Ltd. disclosed a share reduction plan where Jiang Yilin intended to reduce her holdings by up to 4.90 million shares through centralized bidding and up to 9.82 million shares through block trading within three months after the announcement [2]. - From July 18 to October 14, 2025, Jiang Yilin reduced her holdings by 4.89 million shares through centralized bidding and 9.82 million shares through block trading, totaling 14.71 million shares, which is 3.00% of the company's total share capital. The reduction price ranged from 8.09 to 14.47 yuan per share, totaling 136 million yuan [2]. Changes in Shareholding - Prior to the reduction, Jiang Yilin held 66.31 million shares, accounting for 13.51% of the total share capital. After the reduction, her holdings decreased to 51.60 million shares, reducing her stake to 10.51%, while still being a shareholder with over 5% ownership [3]. - Jiang Yilin's shares were acquired through a negotiated transfer, and she, along with Tenglong Technology Group Co., Ltd. and Jiang Xuezhen, are considered acting in concert, collectively holding 201 million shares, which is 41.02% of the total share capital [3]. Compliance of the Reduction - The actual reduction aligns with the previously disclosed plan and commitments, with the reduction period completed as scheduled, achieving the minimum reduction quantity as planned without prematurely terminating the reduction [4].

Group 1 - The company Tenglong Co., Ltd. announced on October 15 that it received a notice from Ms. Jiang Yilin regarding her share reduction plan [1] - Ms. Jiang reduced her holdings by approximately 4.9 million shares through centralized bidding and about 9.82 million shares through block trading, totaling approximately 14.71 million shares, which accounts for 3% of the company's total share capital [1] Group 2 - The news highlights a significant opportunity in the silver market, with annualized interest rates soaring to 35% [1] - There is a notable trend of silver being airlifted to the UK for profit, indicating a major market movement [1] - This situation is described as an epic short squeeze, suggesting heightened volatility and potential investment opportunities in the silver sector [1]