三棵树涂料股份有限公司 独立董事候选人声明与承诺 本人于增彪，已充分了解并同意由提名人三棵树涂料股份有限公司董事会提名为三 棵树涂料股份有限公司（以下简称"公司"）第七届董事会独立董事候选人。本人公开声 明，本人具备独立董事任职资格，保证不存在任何影响本人担任公司独立董事独立性的 关系，具体声明如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规章及其 他规范性文件，具有 5 年以上法律、经济、会计、财务、管理或者其他履行独立董事职 责所必需的工作经验。本人已参加培训并取得证券交易所认可的相关培训证明材料。 二、本人任职资格符合下列法律法规和部门规章以及公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （八）中国证监会《证券基金经营机构董事、监事、高级管理人员以及从业人员监 督管理办法》等的相关规定； 1 （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监管规则 以及公司章程有关独立董事任职资格和条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退（离） 休 ...

证券代码：603737 证券简称：三棵树 公告编号：2025-066 三棵树涂料股份有限公司 关于召开2025年第一次临时股东会的通知 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、 召开会议的基本情况 (一) 股东会类型和届次 2025年第一次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 5 日 15 点 00 分 召开地点：福建省莆田市荔城区荔园北大道 518 号公司二楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 至2025 年 11 月 5 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票 平台的投票时间为股东会召开当日的 9:15-15:00。 (六) ...

证券代码：603737 证券简称：三棵树 公告编号：2025-060 三棵树涂料股份有限公司 第六届监事会第十四次会议决议公告 本公司监事会及全体监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。 三棵树涂料股份有限公司（以下简称"公司"）第六届监事会第十四次会议于 2025 年 10 月 17 日以通讯表决方式召开，会议通知及会议材料于 2025 年 10 月 15 日以书面、电子发送等方式送达全体监事。应出席本次会议的监事 3 名，实 际出席会议的监事 3 名，董事会秘书米粒先生列席了本次会议。本次会议的召集、 召开符合《公司法》和《公司章程》的相关规定。本次会议由监事会主席彭永森 先生主持，经与会监事认真讨论，会议通过如下决议： 一、审议并通过《2025 年第三季度报告》 表决结果：3 票赞成，0 票反对，0 票弃权。 监事会认为：1、公司 2025 年第三季度报告的编制和审核议程符合法律、法 规、《公司章程》和内部管理制度的各项规定；2、公司 2025 年第三季度报告的 内容和格式符合中国证监会和上海证券交易所的各项规定，所包含的信息能从各 ...

证券代码：603737 证券简称：三棵树 公告编号：2025-059 三棵树涂料股份有限公司 第六届董事会第二十二次会议决议公告 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。 三棵树涂料股份有限公司（以下简称"公司"）第六届董事会第二十二次会议 于2025年10月17日在公司二楼会议室以现场结合通讯方式召开，会议通知及会议 材料于2025年10月15日以书面、电子发送等方式送达全体董事。应出席本次会议 的董事7名，实际出席会议的董事7名，公司监事及高级管理人员列席了会议。本 次会议的召集、召开符合《公司法》和《公司章程》的相关规定。本次会议由董 事长洪杰先生主持，经与会董事认真讨论，会议通过如下决议： 一、审议并通过《2025年第三季度报告》 表决结果：7票赞成，0票反对，0票弃权。 《2025年第三季度报告》详见公司指定信息披露媒体《中国证券报》《上海 证券报》《证券时报》《证券日报》及上海证券交易所网站（www.sse.com.cn）。 本议案已经董事会审计委员会审议通过，并发表了同意意见。 二、审议并通过《关于计提资产 ...

[Report Overview](index=1&type=section&id=Report%20Overview) Overview of the company's key financial performance and operational highlights for the reporting period [Important Notice](index=1&type=section&id=Important%20Notice) Board and management guarantee report accuracy; quarterly financial statements are unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[2](index=2&type=chunk) - The third-quarter financial statements are unaudited[2](index=2&type=chunk) [Key Financial Data and Indicators](index=1&type=section&id=Key%20Financial%20Data%20and%20Indicators) Q3 and YTD 2025 profit growth driven by revenue, gross margin, and expense control; assets and equity increased [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) Q3 and YTD saw steady revenue, strong profit and EPS growth, higher ROE, and increased assets and equity Key Financial Indicators for Q3 2025 and Year-to-Date | Item | Current Period (Q3) (RMB) | YoY Change (%) | Year-to-Date (YTD) (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 3.58 billion | 5.62 | 9.39 billion | 2.69 | | Total Profit | 375.57 million | 60.25 | 920.61 million | 123.46 | | Net Profit Attributable to Shareholders | 307.77 million | 53.64 | 743.61 million | 81.22 | | Net Profit Attributable to Shareholders (Excl. Non-Recurring) | 272.34 million | 60.11 | 564.56 million | 126.37 | | Net Cash Flow from Operating Activities | 不适用 | 不适用 | 1.09 billion | 18.73 | | Basic EPS (RMB/share) | 0.42 | 55.56 | 1.01 | 80.36 | | Diluted EPS (RMB/share) | 0.42 | 55.56 | 1.01 | 80.36 | | Weighted Average ROE (%) | 9.77 | 2.35 | 24.92 | 9.22 | | **Period-End Indicators** | **As of Current Period End** | **Change from Prior Year-End (%)** | | | | Total Assets | 14.19 billion | 1.44 | | | | Total Equity Attributable to Shareholders | 3.25 billion | 20.92 | | | [Non-Recurring Gains and Losses](index=2&type=section&id=Non-Recurring%20Gains%20and%20Losses) Non-recurring gains, mainly government subsidies, positively impacted net profit despite some asset disposal losses Non-Recurring Gains and Losses for Q3 2025 and Year-to-Date | Non-Recurring Gains and Losses Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -3.28 million | -6.38 million | | Government Subsidies Included in Current Period's Profit/Loss | 50.49 million | 216.28 million | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities Held by Non-Financial Enterprises | -2.08 million | -4.84 million | | Fund Occupation Fees Received from Non-Financial Enterprises Included in Current Period's Profit/Loss | 4.25 million | 19.47 million | | Other Non-Operating Income and Expenses | -3.00 million | -322.46 thousand | | Less: Income Tax Impact | 11.20 million | 45.83 million | | Impact on Minority Shareholders' Equity (After Tax) | -246.89 thousand | -665.71 thousand | | **Total** | **35.43 million** | **179.05 million** | [Analysis of Changes in Financial Indicators](index=3&type=section&id=Analysis%20of%20Changes%20in%20Financial%20Indicators) Profit, net profit, and non-recurring net profit significantly increased from revenue growth, improved gross margin, and reduced expenses - Total profit, net profit attributable to shareholders, and net profit excluding non-recurring gains/losses significantly increased in the current period and year-to-date, primarily due to **revenue growth**, **improved gross margin**, and **reduced expenses**[7](index=7&type=chunk) - The significant growth in basic and diluted earnings per share is mainly attributable to **increased profitability** in the current period[7](index=7&type=chunk) [Shareholder Information](index=3&type=section&id=Shareholder%20Information) Details on the company's shareholder structure, including total common shareholders and top ten holdings [Total Number of Common Shareholders and Top Ten Shareholders' Holdings](index=3&type=section&id=Total%20Number%20of%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings) **14,230** common shareholders; Mr. Hong Jie is largest (**67.02%** pledged), with employee stock plan and HKEX in top three - The total number of common shareholders at the end of the reporting period was **14,230**[9](index=9&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | Share Status | Pledged/Frozen Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Hong Jie | Domestic Natural Person | 494,453,628 | 67.02 | Pledged | 135,562,854 | | Three Trees Paint Co., Ltd. - Fifth Employee Stock Ownership Plan | Other | 25,339,388 | 3.43 | None | 0 | | Hong Kong Securities Clearing Company Limited | Other | 19,314,423 | 2.62 | None | 0 | | Invesco Great Wall Fund - China Life Insurance Co., Ltd. - Participating Insurance - Invesco Great Wall Fund China Life Growth Stock Portfolio Single Asset Management Plan (Available for Sale) | Other | 14,174,146 | 1.92 | None | 0 | | National Social Security Fund 503 Portfolio | Other | 6,000,040 | 0.81 | None | 0 | | National Social Security Fund 404 Portfolio | Other | 4,885,376 | 0.66 | None | 0 | | Huatai Securities Co., Ltd. - Penghua CSI Sub-Industry Chemical Industry Theme ETF | Other | 4,441,676 | 0.60 | None | 0 | | Agricultural Bank of China Co., Ltd. - CSI 500 ETF | Other | 4,286,424 | 0.58 | None | 0 | | National Social Security Fund 413 Portfolio | Other | 4,138,596 | 0.56 | None | 0 | | China Construction Bank Co., Ltd. - Nord Value Advantage Mixed Securities Investment Fund | Other | 4,103,216 | 0.56 | None | 0 | - Mr. Hong Jie has no related party relationship or acting-in-concert relationship with the company's fifth employee stock ownership plan[10](index=10&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=Quarterly%20Financial%20Statements) Unaudited consolidated financial statements for the quarter: balance sheet, income statement, and cash flow statement [Audit Opinion](index=4&type=section&id=Audit%20Opinion) The quarterly financial statements presented are unaudited - The quarterly financial statements are unaudited[11](index=11&type=chunk) [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of Sep 30, 2025, assets increased, liabilities decreased, and owner's equity grew from higher paid-in capital and retained earnings Consolidated Balance Sheet Key Data Comparison (Sep 30, 2025 vs Dec 31, 2024) | Item | Sep 30, 2025 (RMB) | Dec 31, 2024 (RMB) | Change Amount (RMB) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 14.19 billion | 13.99 billion | 201.93 million | 1.44 | | Total Current Assets | 6.88 billion | 6.76 billion | 114.82 million | 1.70 | | Total Non-Current Assets | 7.32 billion | 7.23 billion | 87.11 million | 1.20 | | Total Liabilities | 10.76 billion | 11.02 billion | -263.80 million | -2.39 | | Total Owner's Equity | 3.44 billion | 2.97 billion | 465.74 million | 15.67 | | Total Equity Attributable to Parent Company Shareholders | 3.25 billion | 2.69 billion | 561.93 million | 20.92 | | Paid-in Capital (or Share Capital) | 737.82 million | 527.01 million | 210.80 million | 40.00 | | Retained Earnings | 2.15 billion | 1.57 billion | 574.96 million | 36.62 | - Intangible assets increased from **RMB 467 million** at year-end 2024 to **RMB 776 million** as of September 30, 2025, while goodwill rose from **RMB 68.43 million** to **RMB 141 million**[14](index=14&type=chunk) [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) Q1-Q3 2025 saw steady revenue, reduced costs, substantial profit and net profit increases, and strong EPS growth Consolidated Income Statement Key Data Comparison (Jan-Sep 2025 vs Jan-Sep 2024) | Item | Jan-Sep 2025 (RMB) | Jan-Sep 2024 (RMB) | Change Amount (RMB) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 9.39 billion | 9.15 billion | 245.91 million | 2.69 | | Total Operating Costs | 8.51 billion | 8.79 billion | -276.38 million | -3.15 | | Operating Profit | 922.14 million | 414.24 million | 507.90 million | 122.61 | | Total Profit | 920.61 million | 411.99 million | 508.62 million | 123.46 | | Net Profit | 731.41 million | 406.06 million | 325.34 million | 80.12 | | Net Profit Attributable to Parent Company Shareholders | 743.61 million | 410.34 million | 333.27 million | 81.22 | | Basic EPS (RMB/share) | 1.01 | 0.56 | 0.45 | 80.36 | | Diluted EPS (RMB/share) | 1.01 | 0.56 | 0.45 | 80.36 | - Selling expenses decreased by **3.12%** year-over-year, financial expenses decreased by **24.62%** year-over-year, credit impairment losses decreased by **24.87%** year-over-year, and asset impairment losses shifted from positive to negative, indicating **improved cost control** and **asset quality improvement**[18](index=18&type=chunk) [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) Q1-Q3 2025 operating cash flow increased 18.73%, investing outflow decreased, and financing cash flow turned negative from debt repayments Consolidated Cash Flow Statement Key Data Comparison (Jan-Sep 2025 vs Jan-Sep 2024) | Item | Jan-Sep 2025 (RMB) | Jan-Sep 2024 (RMB) | Change Amount (RMB) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1.09 billion | 916.13 million | 171.63 million | 18.73 | | Net Cash Flow from Investing Activities | -447.54 million | -753.35 million | 305.81 million | -40.60 | | Net Cash Flow from Financing Activities | -729.13 million | 170.11 million | -899.24 million | -528.61 | | Net Increase in Cash and Cash Equivalents | -88.85 million | 332.96 million | -421.82 million | -126.68 | - Cash received from sales of goods and rendering of services increased by **8.22%** year-over-year, while cash paid for goods and services increased by **11.70%** year-over-year[21](index=21&type=chunk) - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by **42.04%** year-over-year, indicating a **slowdown in capital expenditure**[22](index=22&type=chunk) [Other Matters](index=4&type=section&id=Other%20Matters) Other relevant information, including investor reminders and new accounting standards implementation [Other Reminders](index=4&type=section&id=Other%20Reminders) No other significant operational information requiring special investor attention was identified - There is no other significant operational information regarding the company's reporting period that requires investors' attention[11](index=11&type=chunk) [Implementation of New Accounting Standards](index=11&type=section&id=Initial%20Adoption%20of%20New%20Accounting%20Standards%20or%20Interpretations%20from%202025%20Involving%20Adjustments%20to%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20First%20Year%20of%20Implementation) Initial adoption of new accounting standards from 2025 does not adjust financial statements at the beginning of implementation - The initial adoption of new accounting standards or interpretations from **2025** does not involve adjusting the financial statements at the beginning of the first year of implementation[23](index=23&type=chunk)

Core Insights - The company reported a third-quarter revenue of 3.575 billion yuan, representing a year-on-year increase of 5.62% [1] - The net profit attributable to shareholders for the third quarter was 308 million yuan, showing a significant year-on-year growth of 53.64% [1] - For the first three quarters, the total revenue reached 9.392 billion yuan, with a year-on-year increase of 2.69%, while net profit for the same period was 744 million yuan, up 81.22% year-on-year [1] Financial Performance - Third-quarter revenue: 3.575 billion yuan, up 5.62% year-on-year [1] - Year-to-date revenue: 9.392 billion yuan, up 2.69% year-on-year [1] - Third-quarter net profit: 308 million yuan, up 53.64% year-on-year [1] - Year-to-date net profit: 744 million yuan, up 81.22% year-on-year [1] Profit Distribution - The company announced a profit distribution plan for the first three quarters, proposing a cash dividend of 5 yuan per 10 shares (including tax) to all shareholders [1]

三棵树10月17日公告，公司2025年第三季度实现营业收入35.75亿元，同比增长5.62%；归属于上市公司 股东的净利润3.08亿元，同比增长53.64%。前三季度实现营业收入93.92亿元，同比增长2.69%；归属于 上市公司股东的净利润7.44亿元，同比增长81.22%。 ...

【三棵树：前三季度净利润同比增长81.22%】智通财经10月17日电，三棵树(603737.SH)发布2025年第 三季度报告，前三季度实现营业收入93.92亿元，同比增长2.69%，归属于上市公司股东的净利润为7.44 亿元，同比增长81.22%。 转自：智通财经 ...

三棵树公告，第三季度营收为35.75亿元，同比增长5.62%；净利润为3.08亿元，同比增长53.64%。前三 季度营收为93.92亿元，同比增长2.69%；净利润为7.44亿元，同比增长81.22%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [12]. Core Insights - The report emphasizes the importance of tariff avoidance and cyclical trends, recommending a focus on African building materials due to the long-term benefits from population growth and urbanization in Africa, as well as short-term advantages from the U.S. interest rate cut cycle [6][9]. - It highlights that traditional building materials are less affected by U.S.-China tariff fluctuations, with companies like Huaxin Cement and Keda Manufacturing expected to see improved performance in Q3 [6][9]. - The report identifies specific companies with growth potential, including Sanke Tree, Hanhai Group, and Tubao, which are experiencing counter-cyclical growth, and companies like Qibin Group and Dongfang Yuhong that are leveraging operational advantages to stabilize [6][9]. Summary by Sections Cement - Cement shipments have decreased month-on-month, with the average shipment rate for major regions at approximately 44.3%, down 3.0 percentage points from the previous month and down 10.7 percentage points year-on-year [8][26]. - The report anticipates a continued oscillation in cement prices due to insufficient demand support, despite some regions pushing for price increases [8][26]. Glass - The glass market has seen an increase in inventory during the National Day holiday, with total inventory in monitored provinces rising to 57.74 million weight boxes, an increase of 13.71% from September 30 [8][42]. - The report notes that the production and consumption rates are currently at 58.78%, indicating a slowdown in market activity [8][42]. Fiberglass - The fiberglass sector remains relatively unaffected by tariffs, with a total tariff of 60% imposed on fiberglass imports from China to the U.S. since April, leading to a stagnation in trade [7]. - The report suggests that the AI electronic fabric market continues to experience strong demand, with Zhongcai Technology positioned as a leading player in this segment [7][9]. Recommendations - The report recommends focusing on the African supply chain and specialty fabrics, highlighting Huaxin Cement and Keda Manufacturing as key players in the African market [9]. - It also suggests that companies with strong business models and growth potential, such as Sanke Tree and Tubao, should be prioritized for investment [9].