Core Viewpoint - Meilun Elevator's stock price has shown fluctuations, with a year-to-date increase of 18.35% and a recent decline of 0.62% over the past five trading days [2] Company Overview - Meilun Elevator, established on May 23, 2000, and listed on September 15, 2017, is located in Shaoxing, Zhejiang Province. The company specializes in the research, production, sales, installation, and maintenance of elevators, escalators, moving walkways, and related components [2] - The revenue composition of Meilun Elevator includes: elevators, escalators, and walkways (82.27%), installation and maintenance (15.67%), and other (2.06%) [2] - As of September 30, 2025, the number of shareholders is 14,200, a decrease of 9.62% from the previous period, with an average of 21,302 circulating shares per shareholder, an increase of 10.64% [2] Financial Performance - For the period from January to September 2025, Meilun Elevator reported a revenue of 497 million yuan, a year-on-year decrease of 13.46%. The net profit attributable to the parent company was 28.12 million yuan, down 75.72% year-on-year [2] - Since its A-share listing, Meilun Elevator has distributed a total of 259 million yuan in dividends, with 137 million yuan distributed over the past three years [3] Stock Market Activity - On October 31, Meilun Elevator's stock rose by 2.03%, reaching 8.05 yuan per share, with a trading volume of 24.17 million yuan and a turnover rate of 1.00%. The total market capitalization is 2.81 billion yuan [1] - The net inflow of main funds was 222,200 yuan, with large orders buying 2.11 million yuan (8.72% of total) and selling 1.88 million yuan (7.80% of total) [1] Institutional Holdings - As of September 30, 2025, the fifth largest circulating shareholder of Meilun Elevator is the Nuoan Multi-Strategy Mixed A Fund (320016), holding 1.94 million shares, an increase of 881,700 shares from the previous period [3]

Core Insights - Meilun Elevator (603321.SH) reported its Q3 2025 results on October 29, 2025, highlighting a significant increase in institutional ownership [1] Institutional Ownership - As of October 28, 2025, seven institutional investors disclosed holdings in Meilun Elevator A-shares, totaling 18.7974 million shares, which represents 5.39% of the company's total equity [1] - The institutional ownership increased by 3.99 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, Nuon Multi-Strategy Mixed Fund, increased its holdings by 0.25% compared to the previous period [1] - One new public fund, Huaxia Panrun Two-Year Open Mixed A, was disclosed in this period [1] - A total of 21 public funds were not disclosed in this period compared to the previous quarter, including notable funds such as Everbright Prudent Quantitative Stock A and others [1]

Core Insights - The company reported a revenue of 497 million yuan for the first three quarters of 2025, representing a year-on-year decline of 13.46% [1] - The net profit attributable to the parent company was 28.12 million yuan, down 75.72% year-on-year [1] - The net profit after deducting non-recurring items was 21.18 million yuan, reflecting a year-on-year decrease of 48.46% [1] - The basic earnings per share stood at 0.09 yuan [1]

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： 投资者可以在2025年11月4日（星期二）下午 17:00 前将需要了解的情况和关 注的问题预先发送至公司电子邮箱（fuq@zjml.cc），公司将在说明会上就投资者普遍 关注的问题进行回答。 一、说明会类型 浙江梅轮电梯股份有限公司（以下简称"公司"）于 2025年10月28日召开第四届 董事会第二十六次会议，审议通过了公司2025年第三季度报告等相关事项，具体内容详 见公司于2025年10月29日在指定信息披露媒体及上海证券交易所网站（www.sse.com.cn） 披露的公告。为方便广大投资者更加全面、深入了解公司2025年第三季度经营情况及财 务状况，公司决定于2025年11月5日通过全景网"投资者关系互动平台" 证券代码：603321 证券简称：梅轮电梯 公告编号：2025-055 浙江梅轮电梯股份有限公司 关于召开2025年第三季度业绩说明会的公告 五、联系人及咨询办法 二、说明会召开的时间、地点 （一）会议召开时间：2025年11月5日（星期三）下午 ...

Group 1 - The core viewpoint of the article is that Meilun Elevator (603321.SH) reported a decline in both revenue and net profit for the third quarter of 2025 compared to the previous year [1] Group 2 - The company's operating revenue for the third quarter was 176 million yuan, representing a year-on-year decrease of 10.55% [1] - The net profit attributable to shareholders of the listed company was 10.4322 million yuan, down 42.34% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 6.6807 million yuan, reflecting a year-on-year decline of 61.36% [1]

Financial Performance - The company's operating revenue for the third quarter was ¥176,220,671.36, a decrease of 10.55% compared to the same period last year[4]. - The total profit for the quarter was ¥11,392,672.49, down 40.07% year-on-year[4]. - The net profit attributable to shareholders was ¥10,432,221.51, reflecting a decline of 42.34% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was ¥496,800,351.06, a decrease of 13.4% compared to ¥574,057,460.55 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was ¥27,616,279.86, a decline of 76.1% from ¥115,846,026.14 in 2024[18]. - Basic earnings per share were ¥0.03, a reduction of 50.00% from the same period last year[5]. - Basic earnings per share for the first three quarters of 2025 were ¥0.09, down from ¥0.38 in the same period of 2024[19]. Cash Flow - The net cash flow from operating activities showed a significant decrease of 162.11%, amounting to -¥56,311,740.51 for the year-to-date[5]. - The net cash flow from operating activities for the first three quarters of 2025 was -¥56,311,740.51, compared to ¥90,664,959.36 in 2024[20]. - Net cash flow from investing activities was -348,366,429.66, compared to -109,356,920.43 in the previous period, indicating a significant increase in investment outflows[21]. - Cash inflow from financing activities totaled 248,676,574.66, a substantial increase from 26,400,000.00 in the prior period[21]. - Net cash flow from financing activities was 177,486,891.11, contrasting with a negative flow of -97,821,367.13 previously, showing improved financing conditions[21]. - The ending cash and cash equivalents balance was 521,140,426.62, down from 733,923,355.60 in the previous period, reflecting a decrease in liquidity[21]. - Total cash and cash equivalents decreased by 227,598,432.50, compared to a decrease of 116,512,307.99 in the previous period, highlighting cash management challenges[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,096,881,851.83, representing a 2.56% increase from the end of the previous year[5]. - The total liabilities decreased from CNY 1,052,265,000.00 to CNY 1,038,000,000.00, reflecting a reduction of about 1.4%[13]. - The total liabilities decreased to ¥614,493,522.45 in 2025 from ¥784,950,641.38 in 2024, reflecting a reduction of 21.7%[16]. - The total equity attributable to shareholders increased to ¥1,440,423,269.86 in 2025 from ¥1,230,397,510.66 in 2024, representing an increase of 17.0%[16]. - The equity attributable to shareholders increased by 17.07% to ¥1,440,423,269.86 compared to the previous year-end[5]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,201[10]. - Major shareholders include Qian Xuelin with 31.72% and Qian Xuegen with 22.97% of the shares[10]. Operational Efficiency - The company reported a significant decrease in gross profit margin, which was a primary reason for the decline in total profit[8]. - Research and development expenses for the first three quarters of 2025 were ¥23,564,558.81, a decrease of 20.8% from ¥29,749,579.20 in 2024[17]. - The company reported a decrease in sales expenses to ¥43,608,967.65 in 2025 from ¥65,572,774.42 in 2024, a reduction of 33.5%[17]. Investment Activities - Cash outflows for investing activities amounted to 388,113,074.08, significantly higher than 115,633,649.54 in the prior period, indicating aggressive investment strategies[21]. - Cash inflow from investment activities was 39,746,644.42, compared to 6,276,729.11 previously, showing an increase in cash recovery from investments[21]. - The company received 248,629,594.60 in cash from investment, a significant increase from 26,400,000.00 in the previous period, reflecting strong investor confidence[21]. Accounting Practices - The company will not apply new accounting standards starting from 2025, maintaining current reporting practices[22].

Core Viewpoint - The report highlights a decline in the production of elevators, escalators, and lifts in China, indicating a challenging market environment for the industry from 2025 onwards [1] Industry Summary - In August 2025, the production of elevators, escalators, and lifts in China was 119,000 units, representing a year-on-year decrease of 2.5% [1] - From January to August 2025, the cumulative production of these devices reached 884,000 units, showing a cumulative decline of 5.7% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, a leading industry consulting firm in China [1]

Core Viewpoint - The Chinese elevator industry is experiencing a decline in production, with significant year-on-year decreases reported for early 2025 [1][2]. Industry Summary - In April 2025, the production of elevators, escalators, and lifts in China reached 119,000 units, representing a year-on-year decrease of 8.5% [1]. - From January to April 2025, the cumulative production of these units totaled 390,000, marking a cumulative decline of 6.9% [1]. Company Summary - Listed companies in the elevator sector include 康力电梯 (Kangli Elevator), 森赫股份 (Senhe Co.), 广日股份 (Guangri Co.), 上海机电 (Shanghai Mechanical), 金螳螂 (Jin Tanglang), 快意电梯 (Kuaiji Elevator), 梅轮电梯 (Meilun Elevator), and 远大智能 (Yuanda Intelligent) [1].

每经头条（nbdtoutiao）——"我还在！"林园硬气回应牛市亏钱，"接下来，我还会在！"坚持白酒是"快 乐需求"，科技股买了"愁得睡不着" （记者 曾健辉） 每经AI快讯，梅轮电梯10月17日晚间发布公告称，公司第四届第二十五次董事会会议于2025年10月17 日在公司会议室召开。会议审议了《关于变更公司注册资本、修改 <公司章程> 并办理工商变更登记的 议案》等文件。 ...

证券代码：603321 证券简称：梅轮电梯 公告编号：2025-052 浙江梅轮电梯股份有限公司 关于回购注销部分限制性股票的公告 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： 浙江梅轮电梯股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日召 开了第四届董事会第二十五次会议和第四届监事会第十九次会议，审议通过了《关 于回购注销部分限制性股票的议案》。根据《浙江梅轮电梯股份有限公司 2024 年限制性股票激励计划》（以下简称"《激励计划》"）的相关规定，对公司 2024 年限制性股票激励计划中部分激励对象已获授但尚未解除限售的限制性股票进行 回购注销。现就有关事项说明如下： 一、本次限制性股票激励计划已履行的相关程序 1、2024年10月10日，公司召开第四届董事会第十四次会议，会议审议通过了 《关于<浙江梅轮电梯股份有限公司2024年限制性股票激励计划（草案）>及其摘 要的议案》《关于<浙江梅轮电梯股份有限公司2024年限制性股票激励计划实施考 核管理办法>的议案》《关于提请股东大会授 ...