Core Viewpoint - Yongchong Intelligent has shown significant stock performance with a year-to-date increase of 72.26%, despite a recent decline of 3.06% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Yongchong Intelligent achieved a revenue of 2.958 billion yuan, representing a year-on-year growth of 19.05% [2] - The net profit attributable to shareholders for the same period was 127 million yuan, reflecting a substantial year-on-year increase of 61.17% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Yongchong Intelligent reached 29,200, an increase of 13.56% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 11.76% to 16,468 shares [2] Dividend Distribution - Since its A-share listing, Yongchong Intelligent has distributed a total of 350 million yuan in dividends, with 109 million yuan distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, new institutional shareholders include Huabao Sustainable Development Mixed A and Fuguo Steady Growth Mixed A, holding 1.9195 million shares and 1.9155 million shares respectively [3] - Notably, several funds such as Jiashi Leading Advantage Mixed A and Penghua Carbon Neutral Theme Mixed A have exited the top ten circulating shareholders list [3]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company has shown a recovery in performance, with a steady increase in orders, particularly in the food and beverage sector, which has bolstered its competitive edge [7] - The company is expanding its product categories in its main business and is making progress in its robotics segment, focusing on humanoid robots and core components [7] - Revenue forecasts for 2025-2027 are projected at 40.64 billion, 44.76 billion, and 50.09 billion RMB, with net profits expected to be 1.49 billion, 3.00 billion, and 3.40 billion RMB respectively [7] Financial Performance - For the fiscal year 2023, the company reported a revenue of 3,146 million RMB, with a growth rate of 14.4%. The net profit was 71 million RMB, reflecting a significant decline of 74% [6] - The company is expected to achieve a revenue of 4,064 million RMB in 2025, with a net profit of 149 million RMB, indicating a substantial recovery with a net profit growth rate of 853.9% [6][8] - The earnings per share (EPS) is projected to increase from 0.15 RMB in 2023 to 0.30 RMB in 2025, and further to 0.70 RMB by 2027 [6][8] Market Performance - The company's stock price closed at 12.89 RMB as of October 31, 2025, with a total circulating share capital of 480 million shares [2] - The company has outperformed the market index, with a notable increase in stock performance compared to the CSI 300 index [4]

Core Viewpoint - Yongchuan Intelligent has seen a stock price increase of 5.17%, reaching 13.01 CNY per share, with a trading volume of 228 million CNY and a turnover rate of 3.74%, resulting in a total market capitalization of 6.345 billion CNY [1] Company Overview - Yongchuan Intelligent Equipment Co., Ltd. is located in Hangzhou, Zhejiang Province, established on November 7, 2002, and listed on May 29, 2015. The company specializes in the research, design, production, installation, debugging, and technical services of packaging equipment and related materials [1] - The revenue composition of Yongchuan Intelligent is as follows: packaging equipment and accessories account for 89.25%, packaging materials for 9.36%, and other supplementary items for 0.71% [1] Shareholder Information - Among the top ten circulating shareholders of Yongchuan Intelligent, a fund under the Fortune Fund, specifically the Fortune Steady Growth Mixed A (010624), has newly entered the list in the third quarter, holding 1.9155 million shares, which represents 0.4% of the circulating shares. The estimated floating profit today is approximately 1.2259 million CNY [2] - The Fortune Steady Growth Mixed A fund was established on April 28, 2021, with a current scale of 6.13 billion CNY. Year-to-date returns are 28.36%, ranking 3366 out of 8154 in its category, while the one-year return is 27.78%, ranking 3271 out of 8046. Since its inception, the fund has experienced a loss of 16.55% [2]

Core Viewpoint - Yongchuan Intelligent is a leading packaging equipment manufacturer in China, with advanced technology and a rich product line, serving multiple industries [1] Group 1: Business Performance - In Q3 2025, Yongchuan Intelligent reported revenue of 2.958 billion yuan, ranking 2nd in the industry, surpassing the industry average of 1.012 billion yuan and the median of 0.677 billion yuan [2] - The main business composition includes packaging equipment and accessories at 1.709 billion yuan (89.25%), packaging materials at 0.179 billion yuan (9.36%), and other revenues at 13.67 million yuan (0.71%) [2] - The net profit for the same period was 0.129 billion yuan, also ranking 2nd in the industry, exceeding the industry average of 0.088 billion yuan and the median of 0.058 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Yongchuan Intelligent's debt-to-asset ratio was 68.03%, higher than the previous year's 66.13% and the industry average of 42.51% [3] - The gross profit margin for Q3 2025 was 27.71%, slightly down from 27.79% in the previous year and below the industry average of 29.55% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 13.56% to 29,200, while the average number of circulating A-shares held per shareholder decreased by 11.76% to 16,500 [5] - New major shareholders include Hua Bao Sustainable Development Mixed A and Fu Guo Steady Growth Mixed A, while some previous major shareholders exited the top list [5] Group 4: Future Projections - According to Zhongyou Securities, Yongchuan Intelligent is expected to achieve revenues of 3.986 billion, 4.451 billion, and 4.705 billion yuan from 2025 to 2027, with year-on-year growth rates of 11.75%, 11.66%, and 5.72% respectively [5] - The projected net profits for the same period are 0.184 billion, 0.233 billion, and 0.289 billion yuan, with significant growth rates of 1081.10%, 26.50%, and 24.04% respectively [5] - Caitong Securities forecasts revenues of 4.034 billion, 4.476 billion, and 4.979 billion yuan for the same years, with corresponding net profits of 0.177 billion, 0.237 billion, and 0.308 billion yuan [6]

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 ...