Core Insights - Baida Precision (603331.SH) released its Q3 2025 report on October 30, 2025, indicating a total of 3 institutional investors holding shares, amounting to 12.4187 million shares, which represents 6.14% of the total share capital [1] - The institutional holding percentage decreased by 2.42 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Hangzhou Zhonghu Private Fund Management Co., Ltd. - Zhonghu - Yunsu No. 1 Private Securities Investment Fund, Jianxin Flexible Allocation Mixed A, and Huian Multi-Strategy Mixed A [1] - The total institutional holding ratio is now at 6.14% [1] Public Funds - In this period, 2 new public funds were disclosed compared to the previous quarter, including Jianxin Flexible Allocation Mixed A and Huian Multi-Strategy Mixed A [1] - A total of 22 public funds were not disclosed in this quarter, which includes notable funds such as Nuon Multi-Strategy Mixed A, Huaxi Preferred Growth One-Year Holding Mixed A, Xinhua Xinpower Flexible Allocation Mixed A, Morgan Dynamic Multi-Factor Mixed A, and Huatai Bairui CSI 2000 Index Enhanced A [1]

Group 1 - The company reported a revenue of 1.105 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 0.59% [1] - The net profit attributable to the parent company reached 59.75 million yuan, showing a significant year-on-year increase of 178.85% [1] - The net profit excluding non-recurring items was 60.03 million yuan, reflecting a year-on-year growth of 275.06% [1] - The basic earnings per share stood at 0.30 yuan [1]

Core Insights - The company reported a revenue of 330 million yuan for Q3 2025, representing a year-on-year decline of 1.36% [1] - The net profit attributable to shareholders was 15.5183 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 14.7779 million yuan [1]

Group 1 - The core point of the article is that Baida Precision (SH 603331) announced the convening of its fifth board meeting on October 29, 2025, to review the proposal for asset impairment provision [1] - For the year 2024, Baida Precision's revenue composition is as follows: general equipment manufacturing accounts for 95.36%, other businesses account for 2.67%, and other categories account for 1.97% [1] - As of the report date, Baida Precision has a market capitalization of 2.3 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market transformation [1] - The emergence of a "slow bull" market pattern is indicated, suggesting a new phase in market dynamics [1]

Group 1 - Company Baida Precision Engineering reported Q3 performance with revenue of approximately 1.105 billion yuan, a year-on-year decrease of 0.59% [1] - The net profit attributable to shareholders was approximately 59.75 million yuan, showing a year-on-year increase of 178.85% [1] - Basic earnings per share reached 0.3 yuan, reflecting a year-on-year increase of 172.73% [1] Group 2 - As of the report, Baida Precision Engineering has a market capitalization of 2.3 billion yuan [2]

证券代码：603331 证券简称：百达精工 公告编号：2025-048 浙江百达精工股份有限公司 关于计提资产减值准备的公告 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。 浙江百达精工股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开 了第五届董事会第九次会议，审议并通过《关于计提资产减值准备的议案》。为 了更加客观、公允地反映公司 2025 年第三季度的财务状况和经营成果，根据《企 业会计准则》相关规定和公司会计政策，基于谨慎性原则，公司对截至 2025 年 9 月 30 日合并报表范围内的相关资产计提了资产减值准备。具体情况如下所示： 一、计提减值准备的综合情况 2025 年 1-9 月公司计提资产减值准备合计 1,775.24 万元，具体明细如下： | 计提项目 | 计提资产减值准备 金额（万元） | 计提原因 | | --- | --- | --- | | 存货跌价减 值准备 | 1,775.24 | 存货采用成本与可变现净值孰低计量，按照成本高于可 变现净值的差额计提存货跌价准备。 | | 合 ...

证券代码：603331 证券简称：百达精工 公告编号：2025-050 浙江百达精工股份有限公司 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： 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@baidapm.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。 浙江百达精工股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 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 2025 年第三季度经营成果、财务状况，公司计划 于 2025 年 11 月 07 日（星期五）16:00-17:00 举行 2025 年第三季度 业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 会议召开 ...

一、董事会会议召开情况 证券代码：603331 证券简称：百达精工 公告编号：2025-047 浙江百达精工股份有限公司 第五届董事会第九次会议决议公告 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法律责任。 （一）浙江百达精工股份有限公司（以下简称"公司"）第五届董事会第九 次会议（以下简称"本次会议"）召开符合《公司法》及《公司章程》的有关规 定，会议决议为有效决议。 （二）本次会议通知及会议资料于 2025 年 10 月 22 日以邮件的方式向全体 董事发出。 （三）公司本次会议于 2025 年 10 月 29 日以现场结合通讯的方式召开。 具体内容详见刊登在 2025 年 10 月 30 日《上海证券报》和上海证券交易所 网站（www.sse.com.cn）上的《百达精工关于计提资产减值准备的公告》（公告 编号：2025-048）。 本议案会前已经公司董事会审计委员会审议通过。 （四）本次会议应参加表决董事 8 名，实际参加表决董事 8 名。其中独立董 事杨庆华先生因工作原因，未能现场出席，以通讯形式参与表决；独立董事金礼 才 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 330,245,030.10, a decrease of 1.36% compared to the same period last year[4] - The total profit for the year-to-date period reached CNY 63,684,252.30, reflecting a significant increase of 5,995.30%[4] - The net profit attributable to shareholders for the year-to-date period was CNY 59,746,323.37, showing a remarkable increase of 178.85% compared to the previous year[4] - Basic earnings per share for the year-to-date period were CNY 0.30, up 172.73% from the previous year[5] - The company reported a net profit of RMB 543.10 million for the first three quarters of 2025, compared to RMB 499.53 million for the same period in 2024[19] - Net profit for the first nine months of 2025 was CNY 55,308,593.01, significantly up from CNY 9,157,254.16 in the same period last year, representing an increase of 503%[21] - Basic and diluted earnings per share increased to CNY 0.30 from CNY 0.11, marking a substantial rise of 172.7%[21] - The company reported a total comprehensive income of CNY 55,308,593.01 for the first nine months of 2025, up from CNY 9,157,254.16 in the same period last year[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 275,967,418.41, an increase of 247.87%[4] - Cash flow from operating activities generated a net inflow of CNY 275,967,418.41, compared to CNY 79,331,461.73 in the previous year, indicating a growth of 348%[23] - Cash flow from investing activities resulted in a net outflow of CNY 162,651,632.77, an improvement from a net outflow of CNY 352,846,581.23 in the same period last year[24] - Cash flow from financing activities showed a net outflow of CNY 105,349,726.59, compared to a net inflow of CNY 169,753,043.04 in the previous year[24] - The company’s cash and cash equivalents at the end of the period increased to CNY 181,261,610.82 from CNY 124,613,988.67 year-over-year[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,316,620,296.63, an increase of 1.82% compared to the end of the previous year[5] - The total current assets were RMB 1.175 billion, slightly down from RMB 1.218 billion at the end of 2024[15] - The company's cash and cash equivalents were RMB 219.53 million, a decrease from RMB 225.21 million at the end of 2024[15] - Accounts receivable decreased to RMB 370.94 million from RMB 448.77 million in the previous period[15] - Inventory increased to RMB 395.99 million from RMB 378.15 million at the end of 2024[15] - Total liabilities were RMB 1.968 billion, compared to RMB 1.948 billion at the end of 2024[17] - The company's equity attributable to shareholders was RMB 1.327 billion, up from RMB 1.283 billion at the end of 2024[17] Investments and Subsidiaries - The total investment for the new energy vehicle parts manufacturing base project is approximately RMB 1.088 billion, with fixed asset investment estimated at RMB 1 billion[14] - The company established Taizhou Baiyin General Robotics Co., Ltd. with a registered capital of RMB 6 million, holding 40% of the shares[14] Accounting Standards - The company did not apply new accounting standards for the first time in 2025[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,535[12] - The company reported a weighted average return on equity of 4.58%, an increase of 2.9 percentage points compared to the previous year[5]

Core Viewpoint - Baida Precision announced that there are no overdue guarantees, indicating a stable financial position and management of liabilities [2] Company Summary - Baida Precision released an announcement on October 24, confirming the absence of overdue guarantees [2]