智通财经APP讯，常青股份(603768.SH)披露2025年第三季度报告，公司前三季度实现营收25.62亿元， 同比增长4.23%;归母净利润亏损6804万元;扣非净利润亏损7308万元;基本每股收益-0.29元。 ...

Financial Performance - The company's operating revenue for the third quarter was ¥964,267,438.26, representing a year-on-year increase of 6.68%[4] - The total profit for the period was a loss of ¥39,400,696.96, a decrease of 213.03% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥47,518,946.24, reflecting a decline of 244.76% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥50,823,313.05, down 256.08% from the previous year[4] - The basic earnings per share for the third quarter was -¥0.20, a decline of 242.86% compared to the same period last year[5] - The company reported a net loss of ¥68,044,335.68 for the first three quarters of 2025, compared to a net profit of ¥70,604,146.55 in the same period of 2024[21] - Basic earnings per share for the first three quarters of 2025 were -¥0.29, compared to ¥0.33 in the same period of 2024[22] Cash Flow - The cash flow from operating activities for the year-to-date was a negative ¥369,818,790.63, a decrease of 168.96%[5] - Operating cash flow for the first three quarters of 2025 was negative at ¥369,818,790.63, worsening from a negative cash flow of ¥137,500,596.39 in 2024[23] - The net cash flow from investing activities was -119,977,697.99, a decrease from -259,234,411.50 year-over-year[24] - The net cash flow from financing activities was 266,512,399.98, down from 602,692,424.43 year-over-year[24] - The company reported a net increase in cash and cash equivalents of -223,284,088.64, contrasting with a positive increase of 205,957,416.54 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,256,116,092.97, an increase of 6.63% from the end of the previous year[5] - The total liabilities increased to CNY 3,906,249,031.03, up from ¥3,435,637,272.18 in the previous year[17] - The total equity attributable to shareholders decreased to ¥2,349,867,061.94 from ¥2,431,708,777.33 year-over-year[17] - The company's total liabilities increased to ¥2,800,975,238.92, reflecting a growth from the previous period[16] Shareholder Information - The company has a total of 16,228 common shares outstanding as of the reporting date[12] - The top shareholder, Wu Yinghong, holds 64,999,500 shares, representing 27.32% of the total shares, with a pledged amount of 26,930,000 shares[12] Operating Costs and Expenses - Total operating costs increased to ¥2,537,312,994.20, up 6.8% from ¥2,375,613,481.48 year-over-year[20] - The company recorded a significant increase in sales expenses, which rose to ¥40,018,992.91 from ¥24,833,260.83 year-over-year[20] - Research and development expenses for the first three quarters of 2025 were ¥96,245,102.90, a decrease of 8.5% from ¥104,612,121.09 in 2024[20] Non-Recurring Gains and Losses - The company reported non-recurring gains of ¥3,304,366.81 for the period, with government subsidies contributing ¥701,689.39[7] Inventory and Receivables - Accounts receivable increased significantly to CNY 1,067,164,715.31 from CNY 893,623,715.14, representing a rise of approximately 19.43%[15] - The company reported a significant increase in inventory, which rose to CNY 519,237,535.21 from CNY 495,728,910.20, a growth of about 4.73%[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 568,680,105.29 from CNY 762,182,285.02, a decline of about 25.43%[15] - The ending cash and cash equivalents balance was 198,431,731.65, a decrease from 303,581,683.15 in the previous period[24] Future Accounting Standards - The company will not apply new accounting standards starting from 2025[25]

常青股份公告，第三季度营收为9.64亿元，同比增长6.68%；净利润亏损4751.89万元，下降244.76%。 前三季度营收为25.62亿元，同比增长4.23%；净利润亏损6804.43万元，下降196.37%。 ...

Quantitative Factors and Construction Methods - **Factor Name**: Large Buy Order Transaction Amount Ratio **Construction Idea**: This factor captures the buying behavior of large funds by analyzing the proportion of large buy orders in the total transaction amount for a given day[8] **Construction Process**: 1. Utilize tick-by-tick transaction data to identify buy and sell orders based on bid and ask sequence numbers[8] 2. Filter transactions by volume to identify large orders[8] 3. Calculate the proportion of large buy order transaction amounts to the total transaction amount for the day[8] **Evaluation**: This factor effectively reflects the behavior of large funds in the market[8] - **Factor Name**: Net Active Buy Transaction Amount Ratio **Construction Idea**: This factor measures the active buying behavior of investors by calculating the net active buy transaction amount as a proportion of the total transaction amount for a given day[8] **Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on the buy/sell flag[8] 2. Subtract the active sell transaction amount from the active buy transaction amount to obtain the net active buy transaction amount[8] 3. Calculate the proportion of net active buy transaction amount to the total transaction amount for the day[8] **Evaluation**: This factor effectively captures the active buying behavior of investors in the market[8] --- Factor Backtesting Results Large Buy Order Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Stone Machinery (000852.SZ): 88.4%, 99.2% time-series percentile[10] 2. ShenKai Shares (002278.SZ): 87.0%, 100.0% time-series percentile[10] 3. Oriental Garden (002310.SZ): 86.4%, 96.7% time-series percentile[10] 4. Wuhan Holdings (600168.SH): 86.1%, 97.1% time-series percentile[10] 5. Guangtian Group (002482.SZ): 85.5%, 91.4% time-series percentile[10] 6. Zhengbang Technology (002157.SZ): 85.4%, 99.2% time-series percentile[10] 7. Oriental Electric Heating (300217.SZ): 85.4%, 97.5% time-series percentile[10] 8. Nengte Technology (002102.SZ): 85.3%, 83.6% time-series percentile[10] 9. Xianfeng Holdings (002141.SZ): 85.3%, 97.5% time-series percentile[10] 10. Qingsong Jianhua (600425.SH): 85.1%, 93.4% time-series percentile[10] Net Active Buy Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Tangshan Port (601000.SH): 20.7%, 97.1% time-series percentile[11] 2. Changqing Shares (603768.SH): 17.0%, 100.0% time-series percentile[11] 3. Shuangyuan Technology (688623.SH): 16.3%, 99.6% time-series percentile[11] 4. Guotou Power (600886.SH): 16.3%, 98.0% time-series percentile[11] 5. Fenglong Shares (002931.SZ): 16.0%, 100.0% time-series percentile[11] 6. Gongdong Medical (605369.SH): 14.9%, 99.2% time-series percentile[11] 7. Zhaoxun Media (301102.SZ): 14.8%, 100.0% time-series percentile[11] 8. Fantuo Digital Creation (301313.SZ): 14.6%, 100.0% time-series percentile[11] 9. Huali Group (300979.SZ): 14.6%, 99.6% time-series percentile[11] --- Broad Index Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: 75.2%, 61.5% time-series percentile[13] 2. SSE 50: 73.9%, 23.0% time-series percentile[13] 3. CSI 300: 75.5%, 77.9% time-series percentile[13] 4. CSI 500: 76.0%, 68.4% time-series percentile[13] 5. ChiNext Index: 75.2%, 76.6% time-series percentile[13] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: -0.8%, 78.7% time-series percentile[13] 2. SSE 50: 3.3%, 96.3% time-series percentile[13] 3. CSI 300: 2.3%, 95.1% time-series percentile[13] 4. CSI 500: 0.8%, 86.9% time-series percentile[13] 5. ChiNext Index: 5.3%, 100.0% time-series percentile[13] --- Industry Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Banking: 80.7%, 91.0% time-series percentile[14] 2. Steel: 79.5%, 3.3% time-series percentile[14] 3. Non-Banking Finance: 79.2%, 33.2% time-series percentile[14] 4. Comprehensive: 79.1%, 35.7% time-series percentile[14] 5. Real Estate: 78.7%, 34.0% time-series percentile[14] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Electronics: 8.0%, 74.2% time-series percentile[14] 2. Communication: 7.4%, 96.3% time-series percentile[14] 3. National Defense and Military Industry: 3.5%, 35.7% time-series percentile[14] 4. Computers: 2.6%, 89.3% time-series percentile[14] 5. Automobiles: 2.6%, 60.2% time-series percentile[14] --- ETF Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Bosera China Education ETF: 91.2%, 100.0% time-series percentile[16] 2. Huaxia Growth ETF: 90.5%, 97.1% time-series percentile[16] 3. Fortune Shanghai Composite ETF: 90.0%, 94.7% time-series percentile[16] 4. Fortune Tourism Theme ETF: 89.6%, 97.5% time-series percentile[16] 5. Guotai Shanghai Composite ETF: 89.3%, 92.2% time-series percentile[16] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Bosera Chip ETF: 15.6%, 93.0% time-series percentile[17] 2. E Fund Dividend ETF: 15.2%, 94.3% time-series percentile[17] 3. Huatai-PineBridge 2000 ETF: 15.0%, 100.0% time-series percentile[17] 4. Tianhong Growth ETF: 13.7%, 82.4% time-series percentile[17] 5. Huaxia Sci-Tech ETF: 13.6%, 91.4% time-series percentile[17]

证券代码：603768 证券简称：常青股份 公告编号：2025-064 合肥常青机械股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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： 已履行的审议程序：合肥常青机械股份有限公司（以下简称"公司"） 于 2025 年 8 月 26 日召开第五届董事会第十五次会议、五届十三次监事会会 议，审议通过《关于使用部分闲置募集资金进行现金管理的议案》，同意公 司及子公司本次拟使用不超过人民币 8,000 万元的部分闲置募集资金购买安 全性高、流动性好、收益稳定的银行理财产品或存款类产品（包括但不限于 短期保本型理财产品、结构性存款、定期存款、大额存单、协定存款、通知 存款等）。 特别风险提示：尽管公司及子公司投资安全性高、流动性好的现金管 理产品，总体风险可控，但金融市场受宏观经济的影响较大，不排除该项投 资受到市场波动的影响，存在一定的系统性风险。公司将根据经济形势以及 金融市场的变化适时适量地介入，降低市场波动引起的投资风险。 一、现金管理情况概述 （一）现金 ...

Core Viewpoint - The company is utilizing part of its idle raised funds for cash management, specifically through structured deposits, to enhance fund efficiency and generate returns for shareholders [2][3]. Summary by Sections Cash Management Overview - The purpose of cash management is to improve the efficiency of raised funds, ensuring that the use of idle funds does not affect project construction and safety while increasing returns for the company and its shareholders [3]. - The amount allocated for cash management is RMB 25 million [4]. - The funds for this investment come from idle raised funds [5]. Fundraising Background - The company received approval from the China Securities Regulatory Commission on June 12, 2023, to issue shares to specific investors, raising a total of approximately RMB 400 million, with a net amount of about RMB 392 million after deducting issuance costs [6]. Cash Management Method - The company plans to use idle raised funds to purchase low-risk financial products, including but not limited to structured deposits and other bank financial products, with a total limit of RMB 80 million [7]. Impact on the Company - The use of idle raised funds for cash management will not affect the normal operation of investment projects or the company's daily cash flow, thereby ensuring that shareholder interests are not harmed [11]. - The accounting treatment for the purchased financial products will follow relevant accounting standards, categorizing them under "trading financial assets" and "investment income" [11].

证券代码：603768 证券简称：常青股份 公告编号：2025-063 合肥常青机械股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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： 已履行的审议程序：合肥常青机械股份有限公司（以下简称"公司"） 于 2025 年 8 月 26 日召开第五届董事会第十五次会议、五届十三次监事会会 议，审议通过《关于使用部分闲置募集资金进行现金管理的议案》，同意公司 及子公司本次拟使用不超过人民币 8,000 万元的部分闲置募集资金购买安全 性高、流动性好、收益稳定的银行理财产品或存款类产品（包括但不限于短 期保本型理财产品、结构性存款、定期存款、大额存单、协定存款、通知存 款等）。 特别风险提示：尽管公司及子公司投资安全性高、流动性好的现金管 理产品，总体风险可控，但金融市场受宏观经济的影响较大，不排除该项投 资受到市场波动的影响，存在一定的系统性风险。公司将根据经济形势以及 金融市场的变化适时适量地介入，降低市场波动引起的投资风险。 一、现金管理情况概述 （一）现金 ...

Core Viewpoint - Zhixin Co., Ltd. is focused on the research and production of automotive body welding components, expanding into upstream areas such as mold development and automation solutions [1][2]. Industry Overview - Zhixin Co., Ltd. operates within the automotive manufacturing sector, specifically in the automotive parts and accessories manufacturing industry, with a comparison made against 49 similar companies [2][3]. - The majority of top 100 automotive parts listed companies in China have revenue between 2 billion and 10 billion [2]. Financial Performance - The company has shown rapid growth in net profit and operating revenue, although its main business revenue remains below the median and average levels of comparable listed companies [3]. - By the first half of 2025, Zhixin's main business revenue is projected to exceed the industry median, with its ranking among peers improving to 18 [4]. Business Stability - The proportion of main business revenue to total operating revenue for Zhixin has been stable, with figures of 91.35%, 92.56%, 93.50%, and 94.63% for the years 2022, 2023, 2024, and the first half of 2025 respectively [4]. Competitive Position - As of June 2025, Zhixin Co., Ltd. and its subsidiaries hold a total of 371 patents, including 58 invention patents, ranking second among comparable companies in terms of patent quantity and core technology [5].

Group 1 - The company, Changqing Co., Ltd. (603768.SH), announced a share buyback program, having repurchased a total of 1.7125 million shares, which accounts for 0.7197% of its total share capital [1] - The maximum transaction price for the repurchased shares was 12.97 CNY per share, while the minimum transaction price was 12.07 CNY per share [1] - The total amount of funds used for the buyback was 21.4016 million CNY, excluding transaction fees [1]

Group 1 - The company, Changqing Co., announced a share buyback of approximately 1.71 million shares, accounting for 0.7197% of its total shares, with a total expenditure of RMB 21.4016 million [1][1][1] - The highest and lowest prices for the repurchased shares were RMB 12.97 and RMB 12.07 per share, respectively [1][1][1] - As of the report, the company's market capitalization stands at RMB 2.9 billion [1][1][1] Group 2 - For the year 2024, the company's revenue composition is as follows: 82.62% from the automotive parts manufacturing sector and 17.38% from other businesses [1][1][1]