Core Insights - Jiangsu New Energy (603693.SH) reported a total operating revenue of 1.526 billion yuan for Q3 2025, ranking 35th among disclosed peers, which represents a decrease of 32.27 million yuan or 2.07% year-on-year [1] - The net profit attributable to shareholders was 390 million yuan, ranking 23rd among peers, down by 33.63 million yuan or 7.93% compared to the same period last year [1] - The net cash inflow from operating activities was 918 million yuan, ranking 27th among peers, with an increase of 118 million yuan or 14.70% year-on-year, marking five consecutive years of growth [1] Financial Ratios - The latest debt-to-asset ratio is 53.69%, ranking 22nd among peers, a decrease of 0.22 percentage points from the previous quarter and 0.36 percentage points from the same period last year [3] - The latest gross profit margin is 50.19%, ranking 9th among peers, down by 1.98 percentage points from the previous quarter and 1.82 percentage points year-on-year [3] - The latest return on equity (ROE) is 5.61%, ranking 25th among peers, a decrease of 0.71 percentage points from the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share (EPS) is 0.44 yuan, ranking 12th among peers, down by 0.04 yuan or 8.33% year-on-year [3] - The latest total asset turnover ratio is 0.09 times, ranking 46th among peers, a decrease of 0.01 times or 6.72% year-on-year [3] - The latest inventory turnover ratio is 34.63 times, ranking 8th among peers, down by 2.31 times or 6.25% year-on-year [3] Shareholder Structure - The number of shareholders is 36,600, with the top ten shareholders holding 757 million shares, accounting for 84.95% of the total share capital [3] - The largest shareholder is Jiangsu Guoxin Group Co., Ltd., holding 57.27% of the shares [3]

Core Viewpoint - The company reported a decline in power generation across its various renewable energy projects for the first three quarters of 2025, with specific decreases in wind and biomass energy production, while solar energy generation showed growth [5][6]. Financial Data - Total power generation from controlled renewable energy projects was 2.56 billion kWh, a year-on-year decrease of 3.72% [5]. - Grid-connected power generation was 2.42 billion kWh, down 3.92% year-on-year [5]. - Wind power generation in Jiangsu was affected by poor wind resources, with total generation of 2.32 billion kWh, a decline of 4.61% year-on-year [5]. - Onshore wind projects generated 1.62 billion kWh, down 3.57%, while offshore wind projects generated 698 million kWh, down 6.93% [5]. - Solar power generation reached 242 million kWh, an increase of 6.14%, with grid-connected generation at 176 million kWh, up 2.92% [5]. - Biomass projects are currently in a transitional phase, with total heating supply of 284,100 tons, a decrease of 18.36% year-on-year [5]. Corporate Governance - The company held its 15th meeting of the 4th Board of Directors on October 28, 2025, with all 8 directors present, complying with relevant regulations [7][9]. - The board approved the third-quarter report for 2025 and an internal organizational structure adjustment to enhance governance and operational efficiency [9][11]. Investor Communication - The company will hold a performance briefing on November 5, 2025, to discuss the third-quarter results and address investor questions [16][20]. - Investors can submit questions in advance via email or through the Shanghai Stock Exchange Roadshow Center [15][20].

Group 1 - The company, Jixin Technology (601218), announced plans to acquire 57.4531% equity in Jiangsu Xinneng Bearing Manufacturing Co., Ltd. for a total cash payment of 239 million yuan, which will result in the company holding 100% equity in Xinneng Bearing after the transaction [1] - In the third quarter report for 2025, the company disclosed a net profit of 32.4986 million yuan, representing a year-on-year increase of 1065.54% [1]

证券代码：603693 证券简称：江苏新能 公告编号：2025-041 江苏省新能源开发股份有限公司 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： 会议召开时间：2025 年 11 月 5 日（星期三）下午 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 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 问题征集方式：投资者可在 2025 年 11 月 4 日（星期二）前将关注的 问题提前发送至公司邮箱（jsnezqb@163.com），或者于 2025 年 10 月 29 日（星 期三）至 11 月 4 日（星期二）16:00 前登录上证路演中心网站首页点击"提问 预征集"栏目进行提问，在信息披露允许的范围内，公司将在说明会上就投资者 普遍关注的问题进行回答。 （二）会议召开地点：上证路演中心（网址：https://roadshow.ssei ...

证券代码：603693 证券简称：江苏新能 公告编号：2025-040 表决结果：同意 8 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计与合规风控委员会审议通过，同意提交董事会审 议。 （二）审议通过《关于调整公司内部组织机构的议案》 江苏省新能源开发股份有限公司 第四届董事会第十五次会议决议公告 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、董事会会议召开情况 江苏省新能源开发股份有限公司（以下简称"公司"）第四届董事会第十五 次会议于 2025 年 10 月 28 日以通讯表决的方式召开。本次会议通知已于 2025 年 10 月 17 日以邮件等方式发出。会议应参会董事 8 人，实际参会董事 8 人。本 次会议符合《中华人民共和国公司法》和《江苏省新能源开发股份有限公司章程》 的有关规定。 二、董事会会议审议情况 （一）审议通过《2025 年第三季度报告》 具体内容详见公司同日披露的《江苏省新能源开发股份有限公司 2025 年第 三季度报告》。 2 附件： 为进一步优化公司治理结构，提高管理效率，促进业 ...

Core Viewpoint - Jiangsu New Energy (603693.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved a revenue of 1.526 billion yuan, representing a year-on-year decrease of 2.07% [1] - The net profit attributable to shareholders was 390 million yuan, down 7.93% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 372 million yuan, a decrease of 2.93% year-on-year [1] - Basic earnings per share stood at 0.44 yuan [1]

Core Viewpoint - Jiangsu New Energy (603693.SH) reported a decline in both revenue and net profit for the third quarter, indicating potential challenges in the company's financial performance [1] Financial Performance - The company achieved an operating revenue of 472 million yuan in the third quarter, representing a year-on-year decrease of 7.32% [1] - The net profit attributable to shareholders was 108 million yuan, down 17.54% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 105 million yuan, showing a year-on-year increase of 2.85% [1] - Basic earnings per share were reported at 0.12 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥471,594,597.48, a decrease of 7.32% compared to the same period last year[4] - Total profit for the quarter was ¥165,074,793.26, down 20.81% year-over-year[4] - Net profit attributable to shareholders was ¥108,400,659.58, reflecting a decline of 17.54% compared to the previous year[4] - The basic earnings per share for the quarter was ¥0.12, a decrease of 20.00% from the same period last year[5] - The weighted average return on equity was 1.57%, a decrease of 0.41 percentage points compared to the previous year[5] - The company reported total revenue of 1.53 billion RMB for the first three quarters of 2025, a decrease from 1.56 billion RMB in the same period of 2024[17] - Net profit attributable to shareholders of the parent company was CNY 390,254,783.42, down 7.9% from CNY 423,889,735.95 in the previous year[19] - Operating profit decreased to CNY 558,620,746.37, a decline of 11.2% from CNY 629,290,319.75 year-over-year[18] - The company reported a total comprehensive income of CNY 453,093,776.49, down from CNY 520,695,613.70 in the previous year[19] - Basic earnings per share decreased to CNY 0.44 from CNY 0.48 year-over-year[19] - Net profit for the first three quarters of 2025 was CNY 72,493,244.04, compared to CNY 140,856,891.91 in the same period of 2024, reflecting a decline of approximately 48.6%[28][29] - Operating profit for the first three quarters of 2025 was CNY 63,883,673.89, significantly lower than CNY 140,863,580.83 in the previous year[28][29] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,870,234,500.07, representing a 1.40% increase from the end of the previous year[5] - Shareholder equity attributable to the company was ¥6,960,209,835.78, up 3.89% from the previous year[5] - As of September 30, 2025, total assets amounted to 17.87 billion RMB, compared to 17.62 billion RMB at the end of 2024[14] - Current assets totaled 5.69 billion RMB, an increase from 5.52 billion RMB at the end of 2024[13] - As of September 30, 2025, total assets amounted to CNY 5,866,535,204.30, a slight decrease from CNY 5,931,667,508.12 as of December 31, 2024[24][26] - Current assets totaled CNY 1,219,461,208.75, down from CNY 1,407,632,951.53 in the previous year, primarily due to a decrease in cash and cash equivalents[24][25] - Total liabilities decreased slightly to CNY 572,302,603.93 from CNY 577,452,542.74 year-over-year[25][26] - The total owner's equity decreased to CNY 5,294,232,600.37 from CNY 5,354,214,965.38, reflecting the impact of reduced retained earnings[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥917,945,947.58, an increase of 14.70%[4] - Cash flow from operating activities was CNY 917,945,947.58, up 14.7% from CNY 800,280,958.49 in the same period last year[22] - Cash flow from investing activities showed a net outflow of CNY 480,208,151.65, an improvement from a net outflow of CNY 710,501,941.65 in the previous year[23] - Cash flow from financing activities resulted in a net outflow of CNY 484,837,146.58, contrasting with a net inflow of CNY 325,411,700.13 in the same period last year[23] - Cash flow from operating activities showed a net outflow of CNY -29,860,028.18 for the first three quarters of 2025, compared to CNY -10,112,377.60 in 2024, highlighting increased cash usage[30] - The net cash flow from investment activities was $62,414,872.10, compared to a negative cash flow of -$285,902,976.62 in the previous period[31] - Cash inflow from financing activities totaled $173,000,000.00, while cash outflow amounted to $323,002,322.72, resulting in a net cash flow of -$150,002,322.72[31] - The ending balance of cash and cash equivalents was $324,028,455.22, down from $441,478,152.99 at the beginning of the period[31] - The company's cash and cash equivalents decreased by $117,449,697.77 during the period[31] Renewable Energy Generation - In the first three quarters of 2025, the total power generation from controlled renewable energy projects was 2.56 billion kWh, a year-on-year decrease of 3.72%[12] - The on-grid electricity for the same period was 2.42 billion kWh, down 3.92% year-on-year[12] - Onshore wind power generation reached 1.62 billion kWh, a decline of 3.57% year-on-year, while offshore wind power generation was 698 million kWh, down 6.93%[12] - The photovoltaic segment saw a total generation of 242 million kWh, an increase of 6.14% year-on-year, with on-grid electricity of 176 million kWh, up 2.92%[12] - The company operates two independent electrochemical energy storage stations, with a total on-grid electricity of 9.4 million kWh in the first three quarters of 2025[12] - The biomass projects are currently in a transformation phase, with a total heating supply of 284,100 tons, down 18.36% year-on-year[12] Research and Development - Research and development expenses increased significantly to CNY 3,304,759.43, compared to CNY 399,378.09 in the previous year, reflecting a focus on innovation[18] - Research and development expenses increased to CNY 1,331,509.43 in 2025 from CNY 83,018.87 in 2024, indicating a focus on innovation[28] Shareholder Information - The top three shareholders hold a combined 78.26% of the company's shares, with Jiangsu Guoxin Group Co., Ltd. owning 57.27%[9] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[32]

Group 1 - The recruitment event held at Peking University and Tsinghua University aimed to attract top talent to Jiangsu, showcasing competitive job offers and clear career development plans [1][2] - A total of 47 job positions were offered, with a talent demand of 337 individuals, an average annual salary of 217,500 yuan, and the highest salary reaching 600,000 yuan [1] - The event featured participation from leading local enterprises and institutions, including Jiangsu Hengshen Co., Ltd., Daqing Group Co., Ltd., and Jiangsu University Affiliated Hospital, providing diverse employment options for graduates [1][2] Group 2 - The recruitment initiative is part of a strategic move by the local government to align with industrial development needs and enhance talent acquisition channels [2] - The local human resources department plans to continue focusing on local talent demands and innovate recruitment models, aiming to create efficient talent matching platforms [2] - There is an emphasis on improving the comprehensive service guarantee system for young talents, ensuring a supportive environment for those choosing to work and live in Jiangsu [2]

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting potential investment opportunities and risks based on recent developments and financial performance. Group 1: Company Announcements - Tianpu Co., Ltd. warns that its stock price has significantly deviated from its fundamentals, with a cumulative increase of 246.02% from August 22 to October 22, indicating a potential for rapid decline [4] - Shenzhen Sanda A plans to sell stakes in several subsidiaries to focus on its core business, including 80% of Zhongdian Continental Environmental Technology [5][6] - Zhongchong Co., Ltd. received an administrative regulatory measure from the Shandong Securities Regulatory Bureau for failing to announce a significant change in shareholding [7] - Construction Machinery has reported a net loss of 447 million yuan for the first half of 2025, marking three consecutive years of losses [8] - Junshi Biosciences announced that its subsidiary passed a recent FDA inspection, indicating compliance with CGMP standards [9] Group 2: Financial Performance - Duofuduo reported a net profit increase of 407.74% year-on-year for the first three quarters of 2025, with a revenue of 6.73 billion yuan [17] - Weihuaxincai achieved a net profit growth of 250.04% year-on-year in Q3, with revenues of 660 million yuan [18] - Guangdong Jianke reported a net profit increase of 190.62% year-on-year for the first three quarters, despite a revenue decline [19] - Xianggang Technology reported a net profit increase of 186.19% year-on-year for the first three quarters, with revenues of 742 million yuan [20] - Defu Technology reported a net profit increase of 132.63% year-on-year for the first three quarters, driven by increased copper foil sales [21] Group 3: Major Transactions and Investments - Tangrenshen plans to establish two investment funds with a total investment of 11.04 million yuan to focus on the agricultural sector [13] - Farsen intends to sell a 10% stake in Bekaert Steel Cord, constituting a major asset restructuring [14] - Shikong Technology plans to acquire 100% of Jiahe Jingwei, entering the storage sector [15] - Jiangsu New Energy's controlling shareholder is investing in offshore wind power projects and will manage the project companies [11][12] Group 4: Shareholder Actions - Qianyuan Pharmaceutical's shareholder plans to reduce its stake by up to 3% [42] - Zhengfan Technology's board members plan to collectively reduce their holdings by up to 1.88% [43]