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 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥481,858,465.04, a decrease of 2.49% compared to the same period last year[4] - The total profit for the quarter was ¥13,167,000.10, representing a significant increase of 40.15% year-over-year[4] - The net profit attributable to shareholders was ¥12,188,886.81, up by 20.18% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥12,199,730.19, reflecting a 32.00% increase year-over-year[4] - The basic earnings per share for the quarter was ¥0.0633, an increase of 19.89% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,538,702,596.65, an increase from ¥1,466,253,543.76 in the same period of 2024, representing a growth of approximately 4.5%[33] - The company reported a total profit of ¥56,492,223.87 for the first three quarters of 2025, up from ¥54,630,662.65 in 2024, which is an increase of about 3.4%[33] - Net profit attributable to shareholders of the parent company was ¥52,685,882.58 for the first three quarters of 2025, compared to ¥51,734,720.07 in 2024, indicating an increase of approximately 1.8%[34] - The total comprehensive income for the first three quarters of 2025 was ¥56,864,901.18, slightly down from ¥57,810,294.14 in 2024[34] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥18,055,510.25, which represents a significant decline of 79.51% compared to the previous year[4] - The net cash flow from operating activities for the first three quarters of 2025 was ¥18,055,510.25, a decrease from ¥88,103,554.07 in 2024[37] - Cash and cash equivalents at the end of the third quarter of 2025 totaled ¥222,155,006.09, down from ¥232,217,771.75 at the end of the same period in 2024[38] - The company's cash and cash equivalents decreased to CNY 260,357,859.17 from CNY 364,636,478.11, representing a decline of approximately 28.5%[27][28] - The company's cash and cash equivalents decreased to CNY 242,612,199.06 from CNY 342,383,882.53, a decline of 29.2%[39] - Operating cash flow net amount decreased to $37.25 million from $50.62 million, a decline of approximately 26.5% year-over-year[46] - Total cash inflow from operating activities increased to $1.35 billion, up from $1.28 billion, representing a growth of about 4.5%[46] - Cash outflow from investing activities decreased significantly to $98.27 million from $238.72 million, a reduction of approximately 58.8%[46] - Cash flow from financing activities showed a net outflow of $68.01 million, compared to a net inflow of $124.52 million in the previous period[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,253,554,491.31, a slight decrease of 0.33% from the end of the previous year[5] - The company's total assets amounted to CNY 2,253,554,491.31, a slight decrease from CNY 2,261,070,833.52 at the end of 2024[27][30] - The company's total liabilities decreased to CNY 1,084,256,381.60 from CNY 1,106,367,408.74, a reduction of approximately 2.0%[30] - The company's total liabilities decreased to CNY 1,050,114,836.76 from CNY 1,092,467,887.76, reflecting a reduction of 3.9%[41] - The company's equity attributable to shareholders increased to CNY 1,163,627,096.62 from CNY 1,154,703,424.78, reflecting a growth of about 0.8%[30] - The total equity increased to CNY 1,162,741,160.17 from CNY 1,152,141,751.55, showing a growth of 0.9%[41] Related Party Transactions - The estimated total amount of daily related party transactions for 2025 is expected to be no more than RMB 31.939 million (including tax) [14] - For the first nine months of 2025, the total amount of daily related party transactions reached RMB 17.9505 million (including tax) [14] - The company signed a property service agreement with Ningbo He Feng City Service Co., Ltd., with related party transaction amounts of RMB 21,338.15 for the first nine months of 2025 [15] - The company has a rental agreement with Ningbo He Feng for a monthly rent of RMB 18,125.92, with a total related party transaction amount of RMB 163,133.28 for the first nine months of 2025 [15] - The company has signed a lease agreement with Qi Jing Holdings for an annual rent of RMB 94,824, with RMB 71,118 incurred in related party transactions for the first nine months of 2025 [15] - The company has incurred other miscellaneous related party transactions totaling RMB 69,546.44 for the first nine months of 2025 [19] Investments and Guarantees - The company has invested a total of RMB 69.925 million in fixed asset projects for 2025, with RMB 6.9925 million for new projects and RMB 2.99716 million for carryover projects [20] - The company has provided a guarantee of RMB 300 million for its subsidiary Bo Si Wei and RMB 120 million for Qi Jing Industrial, totaling RMB 150 million in guarantees [21] - The company has committed to a total of RMB 836,000 for entrusted processing with Yulin Metal for 2025, with RMB 437,927.8 incurred by the end of the reporting period [16] - The company completed 90% of the payment for two BSY-400 closed double-point punching machines, totaling USD 326,938, with 90% paid by the end of the reporting period [18] Strategic Developments - The company has appointed new board members and management, indicating a strategic shift in governance[24][25] - The company is focusing on expanding its market presence and enhancing product development, although specific figures were not disclosed in the provided content[24][25] Research and Development - Research and development expenses rose to ¥58,396,233.16 in 2025, compared to ¥47,853,650.58 in 2024, marking an increase of approximately 22.1%[33] - Research and development expenses increased to CNY 56,844,634.67, representing a rise of 22.7% from CNY 46,345,986.10 in the previous year[42] Dividends - The company distributed a cash dividend of CNY 0.25 per share, totaling CNY 48,150,216.25 based on a total share count of 192,600,865[26] Financial Standards - The company will not apply new accounting standards starting from 2025[47]