Group 1 - The core point of the article is that Liba Co., Ltd. (SH 603519) held its 17th meeting of the 10th board of directors on October 27, 2025, to review the Q3 2025 report and other documents [1] - For the year 2024, the revenue composition of Liba Co., Ltd. is 94.33% from composite materials for home appliances and 5.67% from other sources [1] - As of the report, Liba Co., Ltd. has a market capitalization of 3.3 billion yuan [1] Group 2 - The article also mentions a separate news piece regarding a private shipping tycoon taking over Shanshan Group, indicating potential complexities in the restructuring process [1]

证券代码：603519 证券简称：立霸股份 公告编号：2025-033 江苏立霸实业股份有限公司 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。 三、参加人员 董事长兼总经理：卢凤仙女士 重要内容提示： 江苏立霸实业股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 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 05 日 （星期三） 13:00-14:00 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 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 会议召开时间：2025 年 11 月 05 日 （星期三） 13:00-14:00 会议召开时间：2025 年 1 ...

证券代码：603519 证券简称：立霸股份 公告编号：2025-032 江苏立霸实业股份有限公司 二、董事会会议审议情况 1、审议并通过《江苏立霸实业股份有限公司 2025 年第三季度报告》 本议案已经公司第十届董事会审计委员会 2025 年第五次会议审议通过，并 同意提交公司董事会审议。 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露的《江苏 立霸实业股份有限公司 2025 年第三季度报告》。 表决结果：7 票同意，0 票反对，0 票弃权。 全体董事均亲自出席本次董事会； 无董事对本次董事会议案投反对/弃权票； 本次董事会全部议案已获通过。 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： 一、董事会会议召开情况 江苏立霸实业股份有限公司（以下简称"公司"或"立霸股份"）第十届董 事会第十七次会议通知于 2025 年 10 月 21 日以电子邮件形式发出，并通过电话 确认，会议于 2025 年 10 月 27 日以现场与通讯相结合的方式在公司三楼会议室 召开。会议应到董事 7 人，实到 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 413,218,010.07, representing a year-on-year increase of 0.78%[4] - The total profit for the quarter was CNY 50,993,266.82, reflecting a growth of 5.33% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 41,809,416.29, which is a significant increase of 22.09% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 41,669,670.80, also up by 22.08% compared to the previous year[4] - The basic earnings per share for the quarter was CNY 0.16, marking a 23.08% increase from the same period last year[5] - The net profit for the first three quarters of 2025 reached CNY 118,259,272.55, an increase from CNY 110,352,748.28 in the same period of 2024, representing a growth of approximately 8.6%[20] - Operating profit for the first three quarters of 2025 was CNY 146,081,224.99, compared to CNY 138,510,744.07 in 2024, indicating an increase of about 5.7%[20] Cash Flow - The cash flow generated from operating activities was CNY 60,095,500.88 for the quarter, with a year-to-date total of CNY 214,939,401.12, showing a substantial increase of 1,381.61%[5][9] - Cash flow from operating activities generated a net amount of CNY 214,939,401.12 in the first three quarters of 2025, a significant improvement from a negative cash flow of CNY -16,771,079.77 in the same period of 2024[23] - The company reported a cash inflow from investment activities of CNY 500,498,355.19 in the first three quarters of 2025, compared to CNY 657,896,043.88 in 2024, showing a decline of about 24.0%[24] - The net cash flow from financing activities for the first three quarters of 2025 was CNY -264,069,020.78, an improvement from CNY -314,945,723.92 in the same period of 2024[25] - The company’s total cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 499,737,988.94, compared to CNY 360,863,375.83 at the end of the same period in 2024, indicating an increase of about 38.5%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,563,178,683.49, down by 2.50% from the end of the previous year[5] - The total current assets as of September 30, 2025, amounted to RMB 1,338,890,441.44, compared to RMB 1,315,696,777.28 at the end of 2024, reflecting an increase of about 1.6%[15] - The total liabilities as of September 30, 2025, were RMB 373,836,505.03, up from RMB 268,425,860.30 at the end of 2024, showing a significant increase of approximately 39.3%[17] - Non-current assets totaled RMB 224,288,242.05 as of September 30, 2025, down from RMB 287,589,731.93 at the end of 2024, indicating a decrease of about 21.9%[16] - The total equity attributable to shareholders decreased to RMB 1,189,342,178.46 as of September 30, 2025, from RMB 1,334,860,648.91 at the end of 2024, reflecting a decline of about 10.9%[17] - The company’s total liabilities decreased from CNY 1,200,000,000.00 in 2024 to CNY 1,150,000,000.00 in 2025, reflecting a reduction of about 4.2%[26] Shareholder Information - The company reported a total of 13,757 ordinary shareholders at the end of the reporting period[12] - The top shareholder, Lu Fengxian, holds 25.92% of the shares, totaling 69,039,049 shares[12] Inventory and Receivables - The company's inventory increased to RMB 148,525,221.35 as of September 30, 2025, compared to RMB 119,141,812.68 at the end of 2024, indicating a rise of approximately 24.6%[15] - The accounts receivable as of September 30, 2025, were RMB 293,801,057.82, slightly decreasing from RMB 304,652,208.31 at the end of 2024, showing a decline of about 3.6%[15] Revenue Trends - Total operating revenue for the first three quarters of 2025 reached RMB 1,230,635,417.38, slightly increasing from RMB 1,227,659,051.37 in the same period of 2024, representing a growth of 0.2%[19] - Total operating costs decreased to RMB 1,085,554,639.49 in the first three quarters of 2025, down from RMB 1,104,368,381.76 in 2024, indicating a reduction of approximately 1.6%[19] - Total revenue from sales of goods and services for the first three quarters of 2025 was CNY 602,927,115.37, down from CNY 670,100,483.47 in 2024, reflecting a decrease of approximately 10.0%[23] Tax and Refunds - The company received CNY 2,348,643.05 in tax refunds during the first three quarters of 2025, compared to CNY 1,508,986.75 in 2024, representing an increase of approximately 55.4%[24]

Core Insights - The company reported a third-quarter revenue of 413 million yuan, representing a year-on-year increase of 0.78% [1] - The net profit for the third quarter was 41.81 million yuan, showing a year-on-year growth of 22.09% [1] - For the first three quarters, the company achieved a revenue of 1.231 billion yuan, which is a 0.24% increase compared to the same period last year [1] - The net profit for the first three quarters reached 118 million yuan, reflecting a year-on-year growth of 7.16% [1]

江苏立霸实业股份有限公司 第十届董事会独立董事专门会议 2025 年第二次会议 的审核意见 会议时间：2025 年 9 月 22 日 14 时 会议地点：公司三楼会议室 1、审议通过《关于公司参与出资设立投资基金暨关联交易的议案》 本次与私募基金合作投资的基本情况：投资标的名称：上海长三角申创私募 基金合伙企业（有限合伙）（暂定名，以下简称"基金"）；投资金额：立霸股份 作为有限合伙人（LP）出资人民币 5,000.00 万元投资基金，占基金认缴出资总 额的 1.4535%。 本次交易构成关联交易：公司本次对外投资系与关联方江苏恒尚节能科技股 份有限公司（过去12个月内立霸股份实际控制人卢凤仙女士为持有恒尚节能 5% 以上股份的股东）之全资子公司无锡恒尚投资管理有限公司、盐城东方投资开发 集团有限公司（目前持有立霸股份 5% 以上股份的股东）之子公司盐城东投科 技创新投资管理有限公司共同投资，故构成关联交易。 公司独立董事认为：公司本次参与出资设立基金暨关联交易事项符合公司长 期发展战略，有利于公司长期可持续发展，本事项符合有关法律法规及《公司章 程》等有关规定，本次参与基金的投资和管理机制合理，本次关联交易 ...

证券代码：603519 证券简称：立霸股份 公告编号：2025-030 江苏立霸实业股份有限公司 本次交易未构成《上市公司重大资产重组管理办法》规定的重大资产重 组。 交易实施尚需履行的审批及其他相关程序：本次对外投资交易在董事会 决策权限内，未达到股东会审议标准；本次对外投资事项已经公司第十届董事 会独立董事专门会议 2025 年第二次会议、第十届董事会第十六次会议审议通过。 该基金尚未在中国证券投资基金业协会备案，预计在完成募集资金后尽快完成 备案工作。 其它需要提醒投资者重点关注的风险事项：股权投资合伙企业具有投资 周期长、流动性低的特点，公司本次投资可能面临较长的投资回收期；由于受 宏观经济的影响、行业环境以及基金自身管理和技术等多种因素影响，存在不 能实现预期效益的风险。同时，投资基金对外投资过程中将受政策、税收、经 济周期、基金备案是否顺利、投资标的经营管理等多种因素影响，亦可能面临 投资基金投资标的选择不当、决策失误、投资失败及亏损等风险。公司作为其 有限合伙人，存在投资失败或亏损等不能实现预期收益的风险，承担的投资风 险敞口规模不超过出资额 5,000.00 万元人民币。敬请广大投资者理性投资 ...

第十届董事会第十六次会议决议公告 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。 重要内容提示： 一、董事会会议召开情况 证券代码：603519 证券简称：立霸股份 公告编号：2025-031 江苏立霸实业股份有限公司 江苏立霸实业股份有限公司（以下简称"公司"或"立霸股份"）第十届董 事会第十六次会议通知于 2025 年 9 月 17 日以电子邮件形式发出，并通过电话确 认，会议于 2025 年 9 月 23 日以现场与通讯相结合的方式在公司三楼会议室召开。 会议应到董事 7 人，实到董事 7 人，其中现场出席会议的董事 2 人，以通讯表决 方式参加会议的董事 5 人。会议由董事长卢凤仙女士主持，公司高级管理人员列 席了会议。会议的召开符合《公司法》、《公司章程》等有关规定。 二、董事会会议审议情况 1、审议并通过《关于公司参与出资设立投资基金暨关联交易的议案》 本次关联交易事项中的关联董事有 3 人，分别是：卢凤仙女士、孙为军先生、 刘伟先生，以上关联董事均回避表决。 特此公告。 江苏立霸实业股份有限公司董事会 2025 ...

Group 1 - The company, Liba Co., announced on September 23 that its 10th Board of Directors meeting will be held to discuss the establishment of an investment fund and related transactions [1] - The meeting will take place in the company's conference room and will review the proposal for the investment fund [1] Group 2 - The industry is currently focused on a large-scale procurement organized by the state, which has raised concerns due to low bidding prices and the requirement for bidders to provide clear explanations [1]

Group 1 - The core point of the article is that Liba Co., Ltd. plans to invest in the establishment of a private equity fund to align with the national strategy of the Yangtze River Delta integration development [1] - The fund will focus on high-quality resources in advanced manufacturing and new materials, targeting key industries in the Yangtze River Delta region such as TMT (Technology, Media, and Telecommunications), consumer goods, healthcare, and artificial intelligence [1] - The total planned investment for the fund is 3.44 billion RMB, with Liba Co., Ltd. contributing 50 million RMB, representing 1.4535% of the total committed capital [1]