Core Insights - The company, ZhiSheng Technology (603601.SH), reported a decline in revenue and profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - Revenue for the first three quarters reached 985 million yuan, representing a year-on-year decrease of 10.11% [1] - The net profit attributable to shareholders was 81.25 million yuan, down 10.59% year-on-year [1] - The net profit after deducting non-recurring items was 47.85 million yuan, reflecting a significant decline of 25.87% year-on-year [1] - Basic earnings per share stood at 0.0794 yuan [1]

Core Insights - The glass and fiberglass sector experienced a 3.3% increase on October 28, with Honghe Technology leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Honghe Technology (603256) closed at 38.48, up 10.01%, with a trading volume of 271,500 shares and a turnover of 1.014 billion yuan [1] - Zhongcai Technology (002080) closed at 34.54, up 6.87%, with a trading volume of 744,600 shares and a turnover of 2.524 billion yuan [1] - International Composite (301526) closed at 6.64, up 5.23%, with a trading volume of 1,683,700 shares and a turnover of 1.102 billion yuan [1] - Other notable performers include Changhai Co. (300196) up 2.26%, Kaisheng New Energy (600876) up 2.10%, and Jiuding New Materials (002201) up 1.98% [1] Capital Flow - The glass and fiberglass sector saw a net inflow of 597 million yuan from institutional investors, while retail investors experienced a net outflow of 498 million yuan [2] - The main capital inflow was led by Honghe Technology with a net inflow of 331 million yuan, accounting for 32.70% of its trading volume [3] - Zhongcai Technology followed with a net inflow of 179 million yuan, representing 7.08% of its trading volume [3]

Core Insights - The company reported a revenue of 327 million yuan for Q3 2025, representing a year-on-year decline of 5.37% [1] - The net profit attributable to shareholders was 20.97 million yuan, showing a year-on-year increase of 42.42% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 2.42 million yuan, reflecting a year-on-year decrease of 74.85% [1]

| 证券代码：603601 | 证券简称：再升科技 | | 公告编号：临 | 2025-101 | | --- | --- | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 | 转债 | | | 重庆再升科技股份有限公司 关于 2025 年中期资产核销的公告 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。 重庆再升科技股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开 了第五届董事会第二十八次会议，审议通过了《关于公司 2025 年中期资产核销 的议案》。根据相关规定，本次资产核销事项无需提交股东大会。现将相关情况 公告如下： 本次拟进行的资产核销，符合公司资产实际情况，能够更加公允的反映公司 资产状况，使公司的会计信息更加真实可靠，具有合理性，不存在损害公司和全 体股东利益的情形。公司本次资产核销将减少公司 2025 年度合并报表利润总额 20,687.20 元，共计减少利润 20,687.20 元，占公司上年度经审计的净利润的比 例为 0.02%。最终会计处理 ...

重庆再升科技股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日披 露了《再升科技关于公司董事辞职的公告》（公告编号：临 2025-096），陶伟 先生因公司内部工作调整，申请辞去公司董事、董事会战略委员会委员职务。 | 证券代码：603601 | 证券简称：再升科技 | 公告编号：临 2025-102 | | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 转债 | | 重庆再升科技股份有限公司 关于补选公司第五届董事会战略委员会委员的公告 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。 | 专门委员会 | 成员组成 | | --- | --- | | 战略委员会 | 郭茂（主任委员）、盛学军、冯杰 | 冯杰先生：1982 年生，中国国籍，无境外永久居留权，大学本科学历。2021 年 1 月至 2024 年 11 月任重庆造纸工业研究设计院有限责任公司常务副院长， 2023 年 8 月至 2025 年 10 月任广东美沃布朗科技有限公司总经理，2025 年 10 月至今 ...

| 证券代码：603601 | 证券简称：再升科技 | 公告编号：临 2025-100 | | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 转债 | | 二、董事会会议审议情况： 1、审议通过了《关于确认公司 2025 年第三季度报告的议案》 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。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《重庆 再升科技股份有限公司 2025 年第三季度报告》。 一、董事会会议召开情况： 公司董事会审计委员会事前已审议通过该议案，并同意提交董事会审议。 重庆再升科技股份有限公司 第五届董事会第二十八次会议决议公告 表决结果：8 票同意，0 票反对，0 票弃权。 重庆再升科技股份有限公司（以下简称"公司"）第五届董事会第二十八次 会议通知于 2025 年 10 月 24 日以传真、电话、邮件或专人送达等方式发出，会 议于 2025 年 10 月 28 日以现场结合通讯方式召开。本次会议应出席董事 8 人， 实际出席董事 8 人 ...

Revenue and Profit - The company's revenue for Q3 2025 was CNY 326.79 million, a decrease of 5.37% compared to the same period last year, and a total revenue of CNY 985.12 million for the first nine months, down 10.11% year-on-year[6]. - The total profit for Q3 2025 was CNY 21.20 million, an increase of 17.71% year-on-year, while the net profit attributable to shareholders was CNY 20.97 million, up 42.42% compared to the same period last year[6][8]. - Total operating revenue for the first three quarters of 2025 was CNY 985.12 million, a decrease of 10.09% compared to CNY 1,095.96 million in the same period of 2024[21]. - Net profit for the first three quarters of 2025 was CNY 84.64 million, down 16.93% from CNY 101.92 million in 2024[22]. - Operating profit for the first three quarters of 2025 was CNY 91.44 million, a decline of 21.54% compared to CNY 116.52 million in 2024[21]. - Basic earnings per share for the first three quarters of 2025 were CNY 0.0794, down from CNY 0.0890 in 2024, reflecting a decrease of 8.99%[23]. Costs and Expenses - Total operating costs decreased to CNY 950.08 million in 2025 from CNY 1,033.27 million in 2024, representing a reduction of 8.06%[21]. - Research and development expenses for the first three quarters of 2025 were CNY 57.64 million, a decrease of 7.93% from CNY 62.47 million in 2024[21]. - Sales expenses increased to CNY 38.03 million in 2025 from CNY 27.97 million in 2024, representing a rise of 36.06%[21]. Revenue Breakdown - Revenue from clean air materials decreased by 15.23% year-on-year, while revenue from energy-efficient materials fell by 11.67%, primarily due to a decline in VIP board and cotton sales[8]. - The revenue from dust-free air conditioning products increased by 40.05% year-on-year, reflecting the company's efforts in market expansion and product innovation[8]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was CNY 260.66 million, an increase of 60.51% year-on-year[7][13]. - Cash flow from operating activities generated CNY 260.66 million in 2025, an increase of 60.49% compared to CNY 162.39 million in 2024[25]. - Cash inflow from operating activities totaled CNY 976.93 million, down from CNY 1,029.72 million in 2024, a decrease of 5.13%[25]. - The total cash and cash equivalents at the end of the period reached $538,581,350.76, an increase of 23.9% from $434,896,392.64[26]. - Cash outflow for financing activities was $20,737,120.58, down from $69,863,356.66, indicating a reduction of 70.3%[26]. Assets and Liabilities - The total assets at the end of Q3 2025 were CNY 3.19 billion, an increase of 2.59% from the end of the previous year[7]. - As of September 30, 2025, the total current assets amounted to RMB 1,883,068,933.27, an increase from RMB 1,746,169,646.48 as of December 31, 2024, reflecting a growth of approximately 7.85%[18]. - The total liabilities decreased slightly to RMB 861,864,081.85 from RMB 879,586,312.37, indicating a reduction of approximately 2.6%[20]. - The company's equity attributable to shareholders rose to RMB 2,279,874,770.59 from RMB 2,184,510,532.65, marking an increase of approximately 4.36%[20]. - The accounts receivable decreased to RMB 516,118,813.03 from RMB 611,333,438.04, a decline of about 15.6%[18]. - The inventory increased to RMB 178,979,389.97 from RMB 166,329,375.40, reflecting a growth of approximately 7.8%[18]. - The company's total non-current assets decreased to RMB 1,302,206,973.62 from RMB 1,358,802,966.82, indicating a reduction of approximately 4.2%[19]. Investment and Financing Activities - The company reported a decrease in investment income from joint ventures by CNY 13.54 million compared to the same period last year[8]. - Investment income for the first three quarters of 2025 was CNY 2.66 million, a significant drop from CNY 17.10 million in 2024[21]. - The net cash flow from investment activities was $26,820,190.35, a decrease of 78.4% compared to $124,419,388.84 in the previous period[26]. - Cash inflow from financing activities totaled $5,944,000.00, up from $2,078,499.50, representing an increase of 186.5%[26]. - The net cash flow from financing activities was -$14,793,120.58, an improvement from -$67,784,857.16 in the previous period[26]. Market and Strategic Initiatives - The company has been actively exploring new markets and applications, which contributed to the growth in specific product lines despite overall revenue decline[8]. - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[27].

重庆再升科技股份有限公司 董事、高级管理人员离职管理制度 重庆再升科技股份有限公司 董事、高级管理人员离职管理制度 第二章 离职情形与程序 重庆再升科技股份有限公司 董事、高级管理人员离职管理制度 重庆再升科技股份有限公司 董事、高级管理人员离职管理制度 第一章 总则 第一条 为规范重庆再升科技股份有限公司（以下简称"公司"）董事、高 级管理人员离职相关事宜，确保公司运营稳定，保障股东权益，依据《中华人民 共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司治理准则》《上海证券交易所股票上市规则》 及《重庆再升科技股份有限公司公司章程》（以下简称"《公司章程》"）等相 关规定，特制定本制度。 第二条 本制度适用于公司全体董事（含独立董事）及高级管理人员的辞任、 任期届满卸任、被解除职务等离职情形。 第三条 公司董事、高级管理人员离职管理应遵循以下原则： （一）合法合规原则：严格遵守国家法律法规、监管规定及《公司章程》的 要求； （二）公开透明原则：及时、准确、完整地披露董事、高级管理人员离职相 关信息； （三）平稳过渡原则：确保董事、高级管理人员离职不影响公 ...

Group 1 - The company held a semi-annual performance and cash dividend briefing on October 23, 2025, via an online interactive format [1] - Key executives, including the Vice Chairman and General Manager, participated in the Q&A session addressing investor concerns [1] - The company announced a cash dividend of 0.02 yuan per share, totaling approximately 20.6 million yuan, based on a total share capital of 1,030,142,958 shares [2] Group 2 - The company reported a strong asset structure with a low debt ratio and sufficient cash flow, which supports its development of new products like dust-free air conditioners [2] - As of mid-2025, the company has established 84 partnerships nationwide and completed over 230 dust-free air conditioning projects [2] - The company holds a total of 204 valid patents, including 91 invention patents, and plans to focus on clean air materials and energy-efficient materials in future R&D efforts [2]

| 证券代码：603601 | 证券简称：再升科技 | | 公告编号：临 2025-099 | | --- | --- | --- | --- | | 债券代码：113657 | 债券简称：再 22 | 转债 | | 重要内容提示： 基本情况 | 产品名称 | 兴业银行企业金融人民币结构性存款产品 | | --- | --- | | | （CC34251020002-00000000） | | 受托方名称 | 兴业银行股份有限公司 | | 购买金额 | 10,000 万元 | | 产品期限 | 94 天 | 风险提示 本次购买的理财产品为安全性高、流动性好、风险较低的产品，但金融市场 受宏观经济影响较大，不排除理财产品受到市场风险、信用风险、政策风险、流 动性风险、不可抗力风险等因素影响，导致理财产品的收益率可能会产生波动， 理财收益具有不确定性。敬请广大投资者注意风险。 | 投资主体 | 产品名称 | 投资金额 | 起息日 | 赎回时间 | 预期年华 | 实际年 | 收益金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | （万元） | | ...