Summary of Nengke Technology Conference Call Company Overview - **Company**: Nengke Technology - **Industry**: AI and Industrial Software Key Financial Metrics - **Revenue Growth**: 2025 Q1-Q3 revenue increased by 5.05% to 1.088 billion CNY [2][3] - **Net Profit Growth**: Net profit rose by 40.34% to 165 million CNY [2][3] - **Gross Margin**: Improved by 2.74 percentage points to 51.35% [2][3] - **AI Revenue Contribution**: AI-related business revenue exceeded 30%, reaching 335 million CNY [2][3] - **Contract Liabilities**: Remained stable at 393 million CNY compared to the previous year [2][3] Strategic Focus - **Market Segmentation**: Focus on heavy equipment, automotive, high-tech electronics, and general machinery [2][5] - **Client Base**: Increased focus on large and medium-sized enterprises, with special industries accounting for 44% of revenue [2][5] - **Business Structure Adjustment**: Shifted resources towards high-value areas such as AI and industrial software [2][8] AI Business Development - **AI as a Core Direction**: AI business is a significant growth area, with substantial investments in AI applications and AR [2][6][10] - **AR Revenue Growth**: AR revenue increased from 28% to over 30% in Q3 [6] - **Sustainable Revenue Models**: Exploring subscription models for AI services to ensure long-term revenue [19] Industry Ecosystem and Collaboration - **Ecosystem Development**: Strengthened partnerships with computing power vendors, large model manufacturers, and robotics companies [9] - **Joint Solutions**: Collaborative development of integrated solutions to enhance technical capabilities and market reach [9] Research and Development - **R&D Investment**: Increased focus on cutting-edge AI technologies, with a capitalized R&D rate of 73% [10][17] - **Future Technology Layout**: Plans to develop AI platforms to address computational model and application coordination issues [11] Market Outlook and Future Plans - **Strong Demand in Special Industries**: Anticipated continued growth in special industries, with a focus on expanding customer penetration [19][22] - **Revenue Targets**: Projected revenue of 500-600 million CNY for 2025, 800-1,000 million CNY for 2026, and at least 1.5 billion CNY in subsequent years [20] - **AI Order Growth**: Aiming for a doubling of AI orders, with a strong pipeline of existing and new orders [21] Response to National Policies - **Alignment with National Goals**: Positive response to the Fourth Plenary Session's goals related to manufacturing strength and technological self-reliance [15][16] - **Strategic Positioning**: Company’s long-term strategy aligns with national industrial trends, focusing on high-end manufacturing and domestic production [15][16] Additional Insights - **Accounts Receivable Increase**: Driven by large contract liabilities and delayed payments from large clients, but with low risk [12] - **Profit Margin Improvement**: Resulting from a shift to high-margin AI business and optimized internal management [13][14]

Core Viewpoint - 能科科技 reported a total operating revenue of 1.089 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.05% [1] - The net profit attributable to shareholders of the parent company reached 165 million yuan, showing a significant year-on-year increase of 40.34% [1] - The basic earnings per share stood at 0.68 yuan [1] Financial Performance - Total operating revenue for the first three quarters: 1.089 billion yuan, up 5.05% year-on-year [1] - Net profit attributable to shareholders: 165 million yuan, up 40.34% year-on-year [1] - Basic earnings per share: 0.68 yuan [1]

Core Insights - Nengke Technology (603859) reported a revenue of 1.089 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.05% [1] - The net profit attributable to shareholders for the same period was 165 million yuan, showing a significant year-on-year increase of 40.34% [1] - The growth in performance is primarily attributed to an increase in gross profit margin [1]

证券代码：603859 证券简称：能科科技 公告编号：2025-058 能科科技股份有限公司 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 270 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 80,878,230 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 33.0685 | | 份总数的比例（%） | | 注：截至股权登记日，公司总股本为 244,697,701 股，其中公司回购专户中的股份数量为 119,900 股，该等回购股份不享有表决权。 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，由过半数董事推举董事侯海旺先生主持，采取 现场投票和网络投票相结合的方式对会议通知中列明的事项进行了投票表决，本 次会议的表决方式符合《公司法》及《公司章程》的规定。 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 (五 ...

证券代码：603859 证券简称：能科科技 公告编号：2025-060 具体内容详见公司同日登载于上海证券交易所网站（www.sse.com.cn）的公 司《2025 年第三季度报告》。 特此公告。 一、监事会会议召开情况 能科科技股份有限公司（以下简称"公司"）第五届监事会第十五次会议于 2025 年 10 月 27 日在北京市海淀区中关村软件园互联网创新中心二层公司会议 室以现场表决的方式召开。会议应出席的监事 3 人，实际出席的监事 3 人。会议 的召集和召开程序符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 二、监事会会议审议情况 议案：《2025 年第三季度报告》 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 监事会认为公司 2025 年第三季度报告的编制和审核程序符合法律、法规的 相关规定，内容和格式符合中国证监会和上海证券交易所的规定；所包含的信息 能从各方面真实反映公司 2025 年第三季度的经营管理和财务状况等事项；公司 监事会未发现参与 2025 年第三季度报告编制和审议的人员有违反保密规定的行 为。 能科科技股份有限公司 第五届监事会第十五次会议决议公告 ...

证券代码：603859 证券简称：能科科技 公告编号：2025-059 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 能科科技股份有限公司（以下简称"公司"）第五届董事会第二十二次会议于 2025 年 10 月 27 日在北京市海淀区中关村软件园互联网创新中心二层公司会议室以 现场结合通讯表决的方式召开。会议应出席的董事人数 9 人，实际出席的董事人数 9 人，公司监事、部分高级管理人员列席了本次会议。会议的召集和召开程序符合 有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 二、董事会会议审议情况 议案：《2025年第三季度报告》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 董事会认为公司《2025年第三季度报告》的编制符合法律、法规、公司章程和 公司内部管理制度的各项规定；内容和格式符合中国证监会和上海证券交易所的各 项要求；所包含的信息客观、真实、准确地反映了公司的财务状况和经营成果。 能科科技股份有限公司 具体内容详见公司同日登载于上海证券交易所网站（www.sse.com ...

Group 1 - The core point of the article is that Nengke Technology (SH 603859) held its 22nd meeting of the 5th Board of Directors on October 27, 2025, where the Q3 2025 report was reviewed [1] - Nengke Technology's revenue composition for the year 2024 is as follows: State-owned heavy industry accounts for 33.57%, general machinery 23.68%, high-tech electronics 17.71%, automotive and transportation 13.25%, and energy power 11.18% [1] - As of the report, Nengke Technology has a market capitalization of 11.2 billion yuan [1] Group 2 - The article also mentions a significant development regarding the private shipping tycoon taking over Shanshan Group, indicating potential complexities in the restructuring process [1]

Core Viewpoint - Nengke Technology (SH 603859) reported a revenue increase of 5.05% year-on-year for the first three quarters of 2025, reaching approximately 1.089 billion yuan, alongside a significant net profit growth of 40.34%, amounting to around 165 million yuan [1] Financial Performance - Revenue for the first three quarters of 2025 was approximately 1.089 billion yuan, reflecting a year-on-year increase of 5.05% [1] - Net profit attributable to shareholders was about 165 million yuan, showing a year-on-year increase of 40.34% [1] - Basic earnings per share reached 0.68 yuan, which is a 40.66% increase compared to the previous year [1] - As of the report date, the market capitalization of Nengke Technology stood at 11.2 billion yuan [1]

能科科技股份有限公司 2025 年第三季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 证券代码：603859 证券简称：能科科技 能科科技股份有限公司 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。 重要内容提示： √适用 □不适用 单位:元 币种:人民币 | 非经常性损益项目 | 本期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益，包括已计提 | 61,235.66 | -9,208.30 | | | 资产减值准备的冲销部分 计入当期损益的政府补助，但与公司 | | | | | 正常经营业务密切相关、符合国家政 | | | | | 策规定、按照确定的标准 ...

关于 能科科技股份有限公司 2025 年第二次临时股东大会的 法律意见 北京德恒律师事务所 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于能科科技股份有限公司 2025年第二次临时股东大会的法律意见 北京德恒律师事务所 关于能科科技股份有限公司 2025 年第二次临时股东大会的 法律意见 德恒 01G20250675-02 号 致：能科科技股份有限公司 能科科技股份有限公司（以下简称"公司"）2025 年第二次临时股东大会 （以下简称"本次会议"）于 2025 年 10 月 27 日（星期一）召开。北京德恒律 师事务所（以下简称"本所"）受公司委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股东会规则》"）、 《能科科技股份有限公司章程》（以下简称"《公司章程》"）的相关规定，指 派律师对本次会议的召集、召开程序、现场出席会议人员资格、表决程序等相关 事项进行见证，并 ...