Core Viewpoint - The establishment of Qijing Nuotong Technology (Ningbo) Co., Ltd. marks a significant step in the high-temperature heat pump industry, aiming to integrate precision manufacturing and advanced renewable energy technology to support China's dual carbon strategy [1][2]. Group 1: Company Overview - Qijing Nuotong was founded in June 2025 with a registered capital of 32 million RMB, with Qijing Machinery holding a 51% stake and Shanghai Nuotong holding 49% [1]. - The company aims to create a leading benchmark enterprise in the high-temperature heat pump sector, enhancing value for partners and contributing to regional economic development [1]. Group 2: Product Launch and Technology - The product launch event showcased the first air-source high-temperature heat pump, which features high temperature, high efficiency, and high stability [2]. - This product is a practical response to the national dual carbon strategy and signifies a solid step in the development of high-performance heat pump products [2]. Group 3: Future Plans - Qijing Nuotong plans to leverage Shanghai Nuotong's leading technology and its own precision manufacturing capabilities to introduce a range of products, including ultra-low temperature air-source heat pump units and waste heat high-temperature heat pumps [2]. - The company aims to meet diverse thermal energy needs across residential, commercial, and industrial sectors, positioning itself as a trusted supplier of heat pump technology and services [2].

Core Insights - The successful launch of the air source heat pump production line and product promotion event marks a significant step for Qijing Nuotong Technology in the high-temperature heat pump sector, showcasing the collaboration between Qijing Machinery and Shanghai Nuotong [1][2] - Qijing Nuotong aims to leverage the precision manufacturing capabilities of Qijing Machinery and the advanced renewable energy technologies of Shanghai Nuotong to establish itself as a leading benchmark enterprise in the industry [1] - The newly launched air source high-temperature heat pump features three core advantages: high temperature, high efficiency, and high stability, aligning with national "dual carbon" strategies and promoting green transformation in manufacturing [2] Company Overview - Qijing Nuotong Technology was established in June 2025, with Qijing Machinery holding a 51% stake and Shanghai Nuotong holding 49%, reflecting a strategic partnership aimed at enhancing technological capabilities in the heat pump market [1] - The company plans to introduce a range of products, including ultra-low temperature air source heat pump units and waste heat high-temperature heat pumps, targeting residential, commercial, and industrial energy needs [2] Future Outlook - Qijing Nuotong is committed to becoming a trusted supplier of heat pump technology products and services, contributing to regional energy structure optimization and industrial upgrading [2]

Core Insights - The successful launch of the air source heat pump production line and product promotion event marks a significant milestone for Qijing Nuotong Technology (Ningbo) Co., Ltd. [1] - Qijing Nuotong was established in June 2025 with a registered capital of 32 million RMB, co-funded by Qijing Machinery Co., Ltd. and Shanghai Nuotong New Energy Technology Co., Ltd. [3] - The collaboration aims to integrate Qijing Machinery's precision manufacturing capabilities with Shanghai Nuotong's leading technology in new energy, establishing a benchmark enterprise in the high-temperature heat pump sector [3] Company Developments - The air source high-temperature heat pump launched possesses three core advantages: high temperature, high efficiency, and high stability, contributing to the national "dual carbon" strategy and promoting green transformation in manufacturing [3] - The event signifies the initial cooperation between Qijing Machinery and Shanghai Nuotong, laying a solid foundation for future collaboration in the heat pump field [3] Future Plans - Qijing Nuotong plans to leverage Shanghai Nuotong's advanced technology and the company's precision manufacturing capabilities to gradually introduce a series of products, including ultra-low temperature air source heat pump units and waste heat high-temperature heat pumps [4] - The company aims to become a trusted supplier of heat pump technology products and services, contributing to regional energy structure optimization and industrial upgrading [4]

Core Insights - The company reported a net profit of 12.19 million yuan for Q3 2025, representing a year-on-year increase of 20.18% [1] - The company achieved a total revenue of 1.539 billion yuan in the first three quarters, with a year-on-year growth of 4.94% [1] Financial Performance - The net profit for the first three quarters was 52.69 million yuan, showing a year-on-year increase of 1.84% [1] - The non-recurring net profit for the same period was 50.25 million yuan, reflecting a year-on-year growth of 3.24% [1] Company Overview - The company specializes in precision machining and is engaged in the research, design, production, and sales of components for home appliances, automotive parts, and power tools [1] - Key competitive advantages include customer resource advantages, product quality advantages, and technological process advantages [1] Technological Strengths - The company has invested significantly in R&D since its establishment, leading to the mastery of several core technologies [1] - Key technologies include metal material cold forging, sheet metal stamping, combination fixture technology, and mold development technology [1]

Core Viewpoint - Qijing Machinery Co., Ltd. reported steady operations in its Q3 2025 financial results, showcasing resilience amid complex domestic and international business environments [1] Financial Performance - The company achieved operating revenue of 1.539 billion yuan, representing a year-on-year increase of 4.94% [1] - The net profit attributable to shareholders reached 52.686 million yuan, reflecting a year-on-year growth of 1.84% [1] - In Q3 alone, the net profit attributable to shareholders surged by 20.18% compared to the same period last year [1] Company Efforts - Company representatives highlighted the collective efforts of all employees in overcoming challenges and maintaining steady progress [1]

Core Viewpoint - The company has released its third-quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [20][26]. Financial Data - The financial report for the third quarter of 2025 has not been audited [3][18]. - The company reported a total fixed asset investment plan of 178.89 million yuan for 2025, with an actual investment of 69.93 million yuan to date [12]. - The company has provided guarantees for its subsidiaries, with a total guarantee amounting to 150 million yuan [13][14]. Shareholder Information - The company has a total of 43,824,702 shares for which voting rights have been waived by the major shareholder, Qijing Holdings [6]. - The company has conducted a board election, resulting in the formation of the fifth board of directors [15][16]. Related Transactions - The company has engaged in various related transactions, including a rental agreement with Ningbo Hefeng Creative Plaza for a total of 1.14 million yuan [7]. - The company has also signed contracts for processing services and equipment purchases with related parties, with significant amounts involved [10][11]. Profit Distribution - The company has approved a cash dividend distribution of 0.25 yuan per share for the 2024 fiscal year, totaling approximately 48.15 million yuan [17]. Investor Communication - An investor meeting is scheduled for November 3, 2025, to discuss the third-quarter results and address investor inquiries [21][23].

Core Viewpoint - Q3 financial results of Qijing Machinery (603677.SH) show a decline in revenue but an increase in net profit, indicating a mixed performance in the company's operations [1] Financial Performance - The company achieved an operating income of 482 million yuan in Q3, representing a year-on-year decrease of 2.49% [1] - The net profit attributable to shareholders was 12.19 million yuan, reflecting a year-on-year increase of 20.18% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12.20 million yuan, marking a year-on-year growth of 32.00% [1] - Basic earnings per share stood at 0.0633 yuan [1]

Group 1 - The core point of the article is that Qijing Machinery held its second board meeting of the fifth session on October 24, 2025, to review the Q3 2025 report and other documents [1] - For the year 2024, Qijing Machinery's revenue composition is 97.36% from electrical machinery and equipment manufacturing, with other businesses contributing 2.64% [1] - As of the report, Qijing Machinery has a market capitalization of 3.7 billion yuan [2]

证券代码：603677 证券简称：奇精机械 公告编号：2025-044 奇精机械股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 （一）会议召开时间：2025 年 11 月 03 日（星期一）16:00-17:00 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： 会议召开时间：2025 年 11 月 03 日（星期一）16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 10 月 27 日(星期一)至 10 月 31 日(星期五)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@qijing-m.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。 奇精机械股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日发布 公司 2025 年第三季度报告 ...

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。 奇精机械股份有限公司（以下简称"公司"）第五届董事会第二次会议通知 已于 2025 年 10 月 21 日以电子邮件方式发出，会议于 2025 年 10 月 24 日以通讯 方式召开。本次会议由董事长梅旭辉先生召集，公司应出席董事 9 人，实际出席 董事 9 人。本次会议的召集、召开和表决程序符合《公司法》等法律、法规、规 范性文件及《公司章程》的规定，会议合法有效。 经过与会董事认真审议，形成如下决议： 一、审议通过了《2025 年第三季度报告》。 证券代码：603677 证券简称：奇精机械 公告编号：2025-043 奇精机械股份有限公司 第五届董事会第二次会议决议公告 本议案已经公司第五届董事会审计委员会第一次会议审议通过，并获得全体 委员一致同意。 表决结果：9 票同意，0 票反对，0 票弃权。 特此公告。 奇精机械股份有限公司 董事会 2025 年 10 月 25 日 1 《公司 2025 年第三季度报告》详见 2025 年 10 月 25 日上海证券交易所网站 （ww ...