Group 1 - The core point of the news is that Wenzhou Yima Enterprise Management Center (Limited Partnership) plans to reduce its shareholding in Chutianlong Co., Ltd. by up to 1,383,407.9 shares, which is 3.00% of the total share capital, within three months after the announcement date [1] - Wenzhou Yima has already reduced its holdings by 2,152,000 shares, representing 0.47% of the total share capital, between October 14, 2025, and October 29, 2025 [2] - Following this reduction, the combined shareholding of the controlling shareholder Wenzhou Xianghongwan Enterprise Management Co., Ltd. and Wenzhou Yima decreased from 49.45% to 48.99% [2]

Core Viewpoint - Ningbo Tianlong Electronics Co., Ltd. reported stable performance in the first three quarters of 2025, with a revenue of 947 million yuan and a net profit of 82.7036 million yuan, indicating a positive growth trajectory in the automotive electronics sector [1][2] Financial Performance - The company achieved a revenue of 333 million yuan in the third quarter, representing a year-on-year growth of 2.03% [1] - The net profit attributable to shareholders in the third quarter was 26.1814 million yuan, showing a year-on-year increase of 6.31% [1] - The net profit excluding non-recurring gains and losses was 27.3671 million yuan, reflecting a year-on-year growth of 21.56% [1] Business Focus and Development - Tianlong focuses on precision manufacturing, providing integrated solutions in precision molds, injection molding, stamping, and assembly [1] - The company is actively enhancing its market development and R&D investment, aiming to improve management practices [1] - The strategic focus is on automotive electronics and lightweight business, driven by the rapid development of electric and intelligent vehicles [1] Product Development and Market Expansion - The company has successfully developed multiple specifications of fisheye terminal connectors and is expanding into precision automotive electronics and other emerging markets [2] - Tianlong has secured important project designations from leading international clients for next-generation IGBT modules, headlight assemblies, front-end modules, and integrated liquid cooling plates [2] - New products such as fisheye terminal connectors, battery distribution units (BDUs), front-end modules, and integrated liquid cooling plates have achieved significant business breakthroughs [2]

Core Viewpoint - Tianlong Co., Ltd. (603266.SH) reported its Q3 2025 results, highlighting a significant institutional ownership increase in its A-shares [1] Institutional Ownership - As of October 30, 2025, five institutional investors disclosed holdings in Tianlong Co., Ltd., totaling 111 million shares, which represents 55.89% of the company's total share capital [1] - The institutional ownership increased by 1.15 percentage points compared to the previous quarter [1] Public Fund Holdings - One new public fund was disclosed in this period, namely the Debon High-end Equipment Mixed Initiated A Fund [1] - Eight public funds were not disclosed in this period compared to the previous quarter, including notable funds such as the Shanghai Stock Exchange Composite Index ETF and several China Securities Index-enhanced funds [1]

Core Insights - Tianlong Co., Ltd. (603266.SH) reported a revenue of 947 million yuan for the first three quarters of 2025, representing a year-on-year decline of 3.14% [1] - The company's net profit attributable to shareholders reached 82.7 million yuan, showing a slight year-on-year increase of 0.16% [1] - The non-recurring net profit was 79.43 million yuan, reflecting a year-on-year growth of 3.80% [1] - Basic earnings per share stood at 0.42 yuan [1]

Core Insights - Tianlong Co., Ltd. reported a revenue of 332,924,485.39 yuan for Q3 2025, representing a year-on-year growth of 2.03% [1] - The net profit attributable to shareholders of the listed company was 26,181,422.31 yuan, showing a year-on-year increase of 6.31% [1] Financial Performance - Revenue for Q3 2025: 332.92 million yuan, up 2.03% year-on-year [1] - Net profit for Q3 2025: 26.18 million yuan, up 6.31% year-on-year [1]

Core Viewpoint - Tianlong Co., Ltd. (603266.SH) reported a year-on-year increase in revenue and net profit for Q3 2025, indicating positive financial performance [1] Financial Performance - The company's operating revenue for Q3 2025 was 333 million yuan, representing a year-on-year increase of 2.03% [1] - The net profit attributable to shareholders of the listed company was 26.18 million yuan, showing a year-on-year increase of 6.31% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.37 million yuan, reflecting a year-on-year increase of 21.56% [1]

证券代码：603266 证券简称：天龙股份 公告编号：2025-032 宁波天龙电子股份有限公司 2025 年前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、准确性和完整性承担个别及连带责任。 宁波天龙电子股份有限公司（以下简称"公司"）根据《上海证券交易所上 市公司自律监管指引第 3 号——行业信息披露》第十三号—化工和《关于做好主 板上市公司 2025 年第三季度报告披露工作的重要提醒》要求，现将公司 2025 年 前三季度主要经营数据披露如下： 产销量情况说明： 生产量数量仅指公司自制生产量，公司产品除自制生产外，还存在部分产品委 外加工，如以上电工电器类塑料件产品销售数量远大于自制生产量，主要是因为此 类产品委外生产比例较高引起。 二、主要产品价格变动情况 三、主要原材料价格变动情况 一、主要产品的产量、销量及收入实现情况 主要产品 产量（只） 销量（只） 营业收入（元） 汽车类塑料件 228,397,030.00 253,208,307.00 757,006,060.82 电工电器类塑料件 65,887,068.00 1 ...

证券代码：603266 证券简称：天龙股份 公告编号：2025-033 宁波天龙电子股份有限公司 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： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 7 日 前 访 问 网 址 https://eseb.cn/1sJTyG76C9W 或扫描下方小程序码进行会前提问，公司将通过本 次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 一、说明会类型 二、说明会召开的时间、地点和方式 会议时间：2025 年 11 月 7 日（星期五）15：00—16：00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 （一）会议召开时间：2025 年 11 月 7 日（星期五）15:00-16：00 （二） 会议召开地点：价值在线（www.ir-online.cn） （三）会议召开方式：网络互动方式 三、参会人员 总经理沈朝晖、独立董事任浩、财务总监于忠灿 ...

Financial Performance - The company's operating revenue for the third quarter was ¥332,924,485.39, representing a year-on-year increase of 2.03%[4] - The total profit for the quarter was ¥30,704,135.81, reflecting a growth of 10.97% compared to the same period last year[4] - The net profit attributable to shareholders was ¥26,181,422.31, which is an increase of 6.31% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥27,367,135.43, showing a significant increase of 21.56% compared to the previous year[4] - The company's net profit for the first three quarters of 2025 reached CNY 82,703,612, a slight increase from CNY 82,573,962 in the same period of 2024, representing a growth of 0.16%[22] - Operating profit for the first three quarters of 2025 was CNY 92,638,730, compared to CNY 90,477,420 in 2024, indicating an increase of 2.4%[22] - Total revenue from operating activities for the first three quarters of 2025 was CNY 1,063,985,892.58, up from CNY 1,052,185,145.08 in 2024, reflecting a growth of 1.8%[24] - The total comprehensive income for the first three quarters of 2025 was CNY 84,942,340.77, slightly higher than CNY 84,309,316.98 in 2024, showing an increase of 0.75%[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,119,167,643.39, a rise of 1.30% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 2,119,167,643.39, compared to RMB 2,091,907,982.18 at the end of 2024[16] - Total liabilities decreased to RMB 548,824,218.59 from RMB 592,087,705.88 year-over-year[16] - Shareholders' equity increased to RMB 1,570,343,424.80 from RMB 1,499,820,276.30 in the previous year[17] Earnings and Cash Flow - The basic earnings per share for the quarter was ¥0.14, which is a 7.69% increase from the same period last year[5] - The diluted earnings per share also stood at ¥0.14, consistent with the basic earnings per share[5] - The net cash flow from operating activities for the year-to-date was ¥107,838,530.23, reflecting a decrease of 15.58% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 107,838,530.23, down from CNY 127,733,009.89 in 2024, a decrease of 15.6%[25] - The company reported a net cash outflow from investing activities of CNY -82,491,746.80 for the first three quarters of 2025, an improvement compared to CNY -153,932,228.77 in 2024[26] - The company’s cash and cash equivalents at the end of the period were CNY 181,066,907.59, compared to CNY 169,883,379.66 at the end of the same period in 2024, an increase of 6.9%[26] Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 860,327,507.70, down 3.2% from RMB 888,258,221.54 in the previous year[20] - Operating costs included RMB 728,173,562.70 in operating expenses, which decreased from RMB 761,322,317.72 year-over-year[20] - Research and development expenses for the first three quarters of 2025 amounted to CNY 47,382,916.68, compared to CNY 46,222,550.75 in 2024, an increase of 2.5%[22] - The company reported a tax expense of CNY 9,552,364.60 for the first three quarters of 2025, up from CNY 8,729,771.02 in 2024, reflecting an increase of 9.4%[22] - The company reported non-recurring gains and losses totaling -¥1,185,713.12 for the quarter[8] - The company's financial expenses for the first three quarters of 2025 were CNY -1,422,486.75, compared to CNY -738,987.07 in 2024, indicating a worsening of 92.6%[22] Inventory and Cash Equivalents - Cash and cash equivalents as of September 30, 2025, were RMB 197,062,398.71, down from RMB 213,337,444.00 at the end of 2024[14] - Inventory as of September 30, 2025, was RMB 238,757,404.28, slightly up from RMB 235,589,533.35 at the end of 2024[15] Market and Product Development - No significant new product launches or market expansion strategies were mentioned during the earnings call[18]

Group 1 - The first extraordinary general meeting of shareholders for Ningbo Tianlong Electronics Co., Ltd. was held on October 24, 2025, at the company's conference room [2] - The meeting was convened by the board of directors and chaired by Chairman Hu Jianli, utilizing a combination of on-site and online voting methods [2][3] - All resolutions presented at the meeting were approved, including the proposal to abolish the supervisory board and amend the company's articles of association [3][4][5] Group 2 - The meeting included the attendance of all current directors and supervisors, with a total of 7 directors and 3 supervisors present [3] - Special resolutions required more than two-thirds of the voting rights held by attending shareholders for approval, while ordinary resolutions required more than half [5] - The legal proceedings of the meeting were verified by Beijing Tianyuan Law Firm, confirming compliance with relevant laws and regulations [6]