Financial Performance - The company reported total revenue of 2.958 billion yuan for Q3 2025 [1] - The net profit attributable to shareholders was 127 million yuan [1] - The net cash inflow from operating activities was 324 million yuan [1] Financial Ratios - The latest debt-to-asset ratio is 68.03%, ranking 150th among disclosed peers, an increase of 1.90 percentage points year-on-year [4] - The latest gross profit margin is 27.71%, a decrease of 0.08 percentage points compared to the same period last year [4] - The latest return on equity (ROE) is 4.88% [4] - The diluted earnings per share (EPS) is 0.27 yuan [4] - The total asset turnover ratio is 0.36 times [4] - The inventory turnover ratio is 0.58 times, ranking 156th among disclosed peers [4] Shareholder Information - The number of shareholders is 29,200, with the top ten shareholders holding 265 million shares, accounting for 54.35% of the total share capital [4] - The largest shareholder is Lü Jie, holding 35.1% of the shares [4] - Other notable shareholders include Luo Bangyi (9.16%), Hangzhou Kangchuang Investment Co., Ltd. (5.93%), and Lin Tianyi (1.21%) [4]

Core Viewpoint - Yongchuang Intelligent (603901.SH) reported a strong performance in the third quarter of 2025, with significant growth in revenue and net profit [1] Financial Performance - The company achieved a revenue of 2.958 billion yuan in the first three quarters, representing a year-on-year increase of 19.05% [1] - The net profit attributable to shareholders reached 127 million yuan, showing a year-on-year growth of 61.17% [1] - The net profit after deducting non-recurring gains and losses was 119 million yuan, with a year-on-year increase of 61.13% [1] - Basic earnings per share were reported at 0.27 yuan [1]

Group 1 - The company Yongchuang Intelligent announced a reduction in its profit forecast for the period from January to September 2025, estimating a decrease of approximately 71.53 million yuan [1] - For the year 2024, the company's revenue composition is heavily weighted towards the packaging industry, which accounts for 99.04% of total revenue, while other businesses contribute only 0.96% [1] - As of the report, Yongchuang Intelligent has a market capitalization of 5.9 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1]

| 证券代码：603901 | 证券简称：永创智能 | | 公告编号：2025-097 | | --- | --- | --- | --- | | 转债代码：113654 | 转债简称：永 转债 | 02 | | 杭州永创智能设备股份有限公司 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： 投资者可于 2025 年 11 月 03 日（星期一）至 11 月 07 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@youngsunpack.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。 杭州永创智能设备股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 10 日下午 15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者 ...

| 证券代码：603901 | 证券简称：永创智能 | | 公告编号：2025-098 | | --- | --- | --- | --- | | 转债代码：113654 | 转债简称：永 02 | 转债 | | 杭州永创智能设备股份有限公司 关于 2025 年前三季度计提资产与信用减值准备的公告 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个别及连带责任。 杭州永创智能设备股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第五届董事会第二十九次会议，会议审议通过了《关于 2025 年前三季度 计提资产与信用减值准备的议案》，现就本次计提减值准备相关事宜公告如下： 一、本次计提资产减值准备的概况 经公司及子公司对截至 2025 年 9 月 30 日存在可能发生减值迹象的资产进行 全面清查和资产减值测试后，计提资产和信用减值准备共计 71,527,886.15 元， 计入的报告期间为 2025 年 1 月 1 日至 2025 年 9 月 30 日，明细如下表： | | 项目 | 本期数 | | --- | --- ...

一、董事会会议召开情况 杭州永创智能设备股份有限公司（以下简称"公司"）第五届董事会第二十 九次会议于 2025 年 10 月 29 日采用现场结合通讯方式召开。会议通知于 2025 年 10 月 24 日以书面、电子邮件形式发出，会议应到董事 7 人，实到 7 人。本次 会议的召集、召开符合《公司法》、《公司章程》及《董事会议事规则》的有关 规定。 二、董事会会议审议情况 1、审议通过《公司 2025 年第三季度报告》 表决结果：赞成 7 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过，并同意提交本次董事会审议。 | 证券代码：603901 | 证券简称：永创智能 | 公告编号：2025-099 | | --- | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | | 杭州永创智能设备股份有限公司 第五届董事会第二十九次会议决议公告 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个别及连带责任。 2、审议通过《关于 2025 年前三季度计提资产与信用减值准备的议案》 表决结 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,056,599,650.21, representing a 32.10% increase compared to the same period last year[4] - Total profit for the quarter was ¥45,088,747.58, a significant increase of 361.60% year-on-year[4] - Net profit attributable to shareholders was ¥45,268,560.00, reflecting a 340.46% increase compared to the previous year[4] - The net cash flow from operating activities for the quarter was ¥189,943,383.87, an increase of 282.44% year-on-year[4] - Basic earnings per share for the quarter were ¥0.10, up 400.00% from the same period last year[4] - The net profit attributable to shareholders for the year-to-date period was ¥126,745,353.28, a 61.17% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached ¥2,958,408,141.32, a 19.0% increase from ¥2,485,047,604.58 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥128,942,065.56, representing a 65.9% increase compared to ¥77,527,414.53 in 2024[19] - Basic earnings per share for the first three quarters of 2025 were ¥0.27, up from ¥0.16 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,304,820,391.60, a 3.80% increase from the end of the previous year[5] - The company's current assets totaled CNY 5,766,805,829.61, up from CNY 5,320,055,011.47, indicating an increase of about 8.4% year-over-year[14] - The total liabilities increased to CNY 5,650,169,052.79 from CNY 5,467,278,296.51, reflecting a rise of approximately 3.3%[15] - The company's equity attributable to shareholders rose to CNY 2,598,873,260.20, compared to CNY 2,481,572,063.45, marking an increase of around 4.7%[16] - The accounts receivable rose to CNY 657,163,866.96 from CNY 624,087,343.92, which is an increase of about 5.3%[13] - The company's inventory increased to CNY 3,771,781,349.98 from CNY 3,575,144,682.65, reflecting a growth of approximately 5.5%[14] - The long-term borrowings increased significantly to CNY 946,711,464.61 from CNY 578,818,346.33, representing an increase of about 63.6%[15] Cash Flow - The cash and cash equivalents increased to CNY 880,645,103.10 from CNY 662,413,707.06, showing a significant growth of approximately 32.9%[13] - Cash inflow from operating activities totaled ¥2,609,387,557.41, slightly down from ¥2,687,807,019.64 in the previous year[22] - Cash outflow from operating activities was ¥2,285,749,618.39, a decrease from ¥2,718,652,578.36 in 2024[22] - The net cash flow from operating activities was $323.64 million, a decrease of $30.85 million compared to the previous period[23] - The net cash flow from investing activities was -$57.61 million, improving from -$280.06 million year-over-year[23] - Cash inflow from financing activities totaled $674.78 million, an increase from $492.77 million in the prior period[23] - The net cash flow from financing activities was -$51.38 million, a decline from a positive $83.96 million last year[23] - The total cash and cash equivalents at the end of the period reached $864.50 million, up from $503.23 million[23] - Cash inflow from investment activities amounted to $93.93 million, compared to $37.81 million previously[23] - Cash outflow for the acquisition of fixed assets and other long-term assets was $95.03 million, significantly lower than $292.02 million last year[23] - The company received $28.59 million from investment contributions, an increase from $21.47 million[23] - The impact of exchange rate changes on cash and cash equivalents was $2.11 million, compared to $1.63 million previously[23] Government Support and Investments - The company received government subsidies amounting to ¥3,088,879.06 during the quarter, contributing positively to its financial performance[7] - The company reported an investment income of ¥22,996,487.99, significantly higher than ¥9,028,531.95 in the same period last year[19] Research and Development - Research and development expenses increased to ¥199,703,233.32, compared to ¥186,641,327.09 in the previous year, indicating a focus on innovation[18] Future Plans - The company plans to hold a board meeting on August 25, 2025, to discuss the issuance of A-shares, indicating potential future capital expansion strategies[12] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]

Summary of Yongchuan Intelligent Conference Call Industry and Company Overview - **Company**: Yongchuan Intelligent - **Industry**: Liquid food packaging, beer, dairy, and robotics Key Points and Arguments Liquid Food Packaging - Yongchuan Intelligent has secured over 1 billion yuan in orders for 2024 and 2025, capturing approximately 10% market share, primarily benefiting from the demand for sterile filling lines in the health beverage market [2][3] - The company’s products can produce low-sugar and sugar-free beverages, meeting ultra-clean filling standards, which is crucial for competing with foreign counterparts [3] Beer Industry - The company holds a 70% market share in glass bottle filling lines, with an annual market size of approximately 300-500 million yuan [4] - The growth in this sector is driven by the replacement cycle of production lines and capital expenditures from breweries, with potential for significant increases in order volume [5] - Collaboration with Budweiser to expand overseas markets, although current overseas business volume is limited [5] Dairy Industry - The market for ambient dairy equipment is approximately 5-6 billion yuan annually, historically dominated by Tetra Pak [6] - Yongchuan Intelligent has made significant advancements in technology, achieving a satisfactory defect rate in equipment, which is expected to enhance profitability with a gross margin of 35% [6] Robotics Business - The company entered the humanoid robotics sector in early 2025, iterating products multiple times and leveraging automation experience [7] - There is a substantial market potential with 500,000 customers in the carton industry, each potentially needing humanoid robots [7] - Standard machines are low-cost and quick to deliver, catering to small and medium-sized clients looking for automation upgrades [8] Financial Performance - Revenue is steadily increasing, primarily from long-term orders in liquid food packaging, with expected delivery of orders in 2026 driving revenue growth [10] - Net profit was suppressed in 2024 but is projected to recover in 2025, potentially reaching 300 million yuan in 2026 [10][11] Future Development Directions - Future growth is anticipated from the expansion of the robotics business and breakthroughs in ambient dairy equipment, targeting second and third-tier clients [12] - The company is focusing on improving order quality, avoiding unprofitable contracts, which will enhance overall performance [12] Additional Important Insights - The company has made significant progress in its robotics business, with expectations of increased production capacity and profitability by 2026 [9] - The integration of humanoid robots into existing automation solutions is expected to improve market share and operational efficiency [8]

Core Points - The company has approved the grant of restricted stock under the 2025 Second Phase Restricted Stock Incentive Plan, with a total of 2.928 million shares to be granted at a price of 5.68 yuan per share to 42 eligible participants on October 20, 2025 [2][5][16] Summary by Sections Incentive Plan Details - The grant date for the restricted stock is set for October 20, 2025 [7] - A total of 2.928 million shares will be granted [8] - The number of participants receiving the grant is 42 [9] - The grant price for the restricted stock is 5.68 yuan per share [10] Approval Process - The necessary approval procedures for the incentive plan have been completed, including board meetings and shareholder meetings [4][6] - The board of directors confirmed that the granting conditions have been met and the eligibility of the participants is valid [6][16] Conditions for Granting - The company has not encountered any disqualifying events in the last fiscal year that would prevent the granting of restricted stock [5] - The participants have also not faced any disqualifying events in the last 12 months [5][16] Performance Assessment - The performance assessment for the release of the restricted stock will occur over three fiscal years from 2026 to 2028, with specific revenue and profit targets set [12][14] - If the performance targets are not met, the restricted stock will not be released and will be repurchased by the company [13][19] Financial Impact - The estimated impact of the incentive plan on the company's financial statements will be recognized as share-based payment expenses, with the total cost to be determined based on the fair value of the granted shares [17][18] - The company anticipates that the positive effects of the incentive plan on performance will outweigh the costs associated with it [18][19]

| 证券代码：603901 | 证券简称：永创智能 | | 公告编号：2025-096 | | --- | --- | --- | --- | | 转债代码：113654 | 转债简称：永 02 | 转债 | | 杭州永创智能设备股份有限公司 关于向 2025 年第二期限制性股票激励计划 激励对象授予限制性股票的公告 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个别及连带责任。 鉴于杭州永创智能设备股份有限公司（以下简称"公司"、"本公司"或"永 创智能"）《2025 年第二期限制性股票激励计划（草案）》（以下简称"本计 划"或"《激励计划》"）规定的限制性股票授予条件已经成就，根据 2025 年 第四次临时股东会授权，公司于 2025 年 10 月 20 日召开第五届董事会第二十八 次会议审议通过了《关于向 2025 年第二期限制性股票激励计划激励对象授予限 制性股票的议案》，同意以 2025 年 10 月 20 日为授予日，以 5.68 元/股的授予 价格向符合条件的 42 名激励对象授予 292.80 万股限制性股票。现将相关内 ...