Core Viewpoint - Baili Technology is a leading provider of smart factory solutions in the energy sector, facing challenges in revenue and profitability compared to industry peers [1][2]. Group 1: Company Overview - Baili Technology was established on November 11, 1992, and listed on the Shanghai Stock Exchange on May 17, 2016, with its registered office in Yueyang, Hunan Province [1]. - The company specializes in providing comprehensive solutions for smart factories in both new energy and traditional energy sectors, including engineering consulting, proprietary equipment manufacturing, smart production line integration, and EPC contracting services [1]. Group 2: Financial Performance - For Q3 2025, Baili Technology reported revenue of 616 million yuan, ranking 6th among 7 companies in the industry, significantly lower than the top company, China Chemical, which reported 135.845 billion yuan [2]. - The company's net profit for the same period was -119 million yuan, placing it 7th in the industry, with the leading company, China Chemical, achieving a net profit of 4.634 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Baili Technology's debt-to-asset ratio was 98.16%, an increase from 87.32% year-on-year, significantly higher than the industry average of 50.95% [3]. - The gross profit margin for the same period was 17.23%, which, while an improvement from 7.01% year-on-year, remains below the industry average of 20.49% [3]. Group 4: Leadership - The chairman of Baili Technology, Lei Limeng, has a rich background, holding a master's degree and currently pursuing a doctoral degree, with previous experience in various companies [4]. Group 5: Shareholder Information - As of July 31, 2025, the number of A-share shareholders increased by 15.36% to 20,800, while the average number of shares held per shareholder decreased by 13.31% to 23,500 shares [5].

证券代码：603959 证券简称：百利科技 公告编号：2025-090 （二）审议通过《关于计提资产减值准备及信用减值准备的议案》。 公司对截至 2025 年 09 月 30 日的相关资产进行了全面梳理，对存在减值迹 象的资产采取必要的减值测试和评估，基于谨慎性原则，对存在减值迹象的资产 计提减值准备，2025 年 1-9 月计提各项减值准备共计 1,709.73 万元人民币。 湖南百利工程科技股份有限公司 第五届董事会第十七次会议决议公告 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。 一、 董事会会议召开情况 湖南百利工程科技股份有限公司（以下简称"公司"）第五届董事会第十七 次会议通知已按规定提前通过电子邮件及电话方式向全体董事发出，会议于 2025 年 10 月 30 日上午 10 点在公司会议室以现场结合通讯方式召开。会议由董 事长雷立猛先生召集主持。本次会议应出席董事 9 人，实际出席董事 9 人，公司 部分监事和高级管理人员列席了本次会议。本次会议的召集、召开、表决程序符 合相关法律、法规以及《湖南百利工程 ...

Group 1 - The core viewpoint of the article highlights that Baili Technology (SH 603959) reported a significant decline in its third-quarter performance for 2025, with revenue approximately 616 million yuan, a year-on-year decrease of 20.72% [1] - The net profit attributable to shareholders of the listed company showed a loss of approximately 115 million yuan, indicating financial struggles [1] - The basic earnings per share reported a loss of 0.24 yuan, reflecting the company's challenging financial situation [1] Group 2 - As of the report, Baili Technology has a market capitalization of 3.4 billion yuan, which may influence investor sentiment and future investment decisions [1]

Financial Performance - The company's operating revenue for the third quarter was ¥100,817,169.08, a decrease of 53.22% compared to the same period last year[4] - The total profit for the third quarter was -¥70,934,086.28, down 69.99% year-on-year[4] - The net profit attributable to shareholders was -¥63,299,876.38, reflecting a decline of 75.45% compared to the previous year[4] - The basic earnings per share for the third quarter was -¥0.13, a decrease of 61.38% year-on-year[5] - The company reported a net loss of CNY 806,474,181.51 for the first three quarters of 2025, compared to a net loss of CNY 691,075,989.19 in the same period of 2024[18] - The net profit attributable to the parent company for the first three quarters of 2025 was a loss of CNY 115,398,192.32, compared to a loss of CNY 170,233,912.02 in the same period of 2024, indicating an improvement of about 32%[21] - The total comprehensive income for the first three quarters of 2025 was a loss of CNY 118,981,053.70, compared to a loss of CNY 179,354,337.01 in the same period of 2024, reflecting an improvement of approximately 34%[21] - The company reported a basic and diluted earnings per share of CNY -0.24 for the first three quarters of 2025, an improvement from CNY -0.35 in the same period of 2024[21] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of -¥47,978,101.81, which is a 49.64% increase in outflow compared to the beginning of the year[5] - The net cash flow from operating activities for the first three quarters of 2025 was a negative CNY 47,978,101.81, compared to a negative CNY 95,270,635.83 in the same period of 2024, showing a reduction in cash outflow by approximately 50%[25] - The company ended the first three quarters of 2025 with cash and cash equivalents of CNY 69,737,341.92, compared to CNY 40,970,566.87 at the end of the same period in 2024, indicating an increase in liquidity[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,490,212,238.49, down 11.62% from the end of the previous year[5] - Current assets as of September 30, 2025, totaled CNY 1,872,752,649.95, down from CNY 2,155,963,222.29 at the end of 2024, representing a decline of 13.1%[16] - The company's total assets as of September 30, 2025, were CNY 2,490,212,238.49, down from CNY 2,817,617,437.15, indicating a decrease of 11.6%[17] - Total liabilities decreased to CNY 2,444,338,107.00 from CNY 2,659,683,533.55, a decline of 8.1%[18] - The equity attributable to shareholders decreased by 82.93% to ¥23,753,983.84 compared to the end of the previous year[5] - The company's equity attributable to shareholders decreased to CNY 23,753,983.84 from CNY 139,177,676.16, a significant drop of 83.0%[18] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 651,997,271.24, a decrease from CNY 929,804,061.97 in the same period of 2024, representing a reduction of approximately 30%[20] - The company reported a significant increase in asset impairment losses, up 163.85% year-to-date, primarily due to the recovery of old accounts[10] - The company experienced a 3125.26% increase in non-operating expenses year-to-date, mainly due to litigation compensation related to the Hongma project[10] - The company’s research and development expenses for the first three quarters of 2025 were CNY 43,447,093.69, down from CNY 68,241,022.90 in the same period of 2024, a decrease of about 36%[20] Revenue Trends - Total revenue for the first three quarters of 2025 was CNY 615,631,524.78, a decrease of 20.7% compared to CNY 776,542,020.18 in the same period of 2024[19] - The company’s total revenue from sales of goods and services for the first three quarters of 2025 was CNY 219,577,286.95, a significant decline from CNY 931,567,276.98 in the same period of 2024, representing a decrease of approximately 76%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,949[12] - Short-term borrowings slightly increased to CNY 568,190,398.97 from CNY 566,094,394.59, a marginal rise of 0.4%[18]

证券代码：603959 证券简称：百利科技 公告编号：2025-089 湖南百利工程科技股份有限公司 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。 重要内容提示: 公司 2025 年 1-9 月计提各项减值准备共计 1,709.73 万元人民币。 湖南百利工程科技股份有限公司（以下简称"公司"或"百利科技"）第五届 董事会第十七次会议审议通过了《关于计提资产减值准备及信用减值准备的议案》。 公司对截至 2025 年 09 月 30 日的相关资产进行了全面梳理，对存在减值迹象的资 产采取必要的减值测试和评估，基于谨慎性原则，对存在减值迹象的资产计提减值 准备，2025 年 1-9 月计提各项减值准备共计 1,709.73 万元人民币。具体情况如下： 一、计提各项减值准备情况 1、信用减值准备计提依据及明细 本公司对应收账款的预期信用损失的确定方法及会计处理方法依据相关金融 工具减值准则。本公司对信用风险显著不同的金融资产单项评价信用风险，如：与 对方存在争议或涉及诉讼、仲裁的应收款项；已有明显迹象表明债务人很可能无法 履 ...

Core Viewpoint - Baili Technology (603959) has decided to postpone the vote on changing its registered address due to potential changes in control, as the controlling shareholder's shares are set to be auctioned [1][2][3] Group 1: Company Decisions and Actions - The board of Baili Technology has approved the decision to cancel the vote on changing the registered address, pending clarification of related matters [1] - The company plans to relocate its registered address from "No. 388, Baling East Road, Yueyang Economic and Technological Development Zone" to "No. 9, Huaxiang Road, Changsha Economic and Technological Development Zone" [1] - Baili Technology established a relocation task force in response to its operational and strategic development needs [1] Group 2: Shareholder Dynamics - The auction of 28.5572 million shares held by the controlling shareholder, Tibet Xinhai New Venture Capital Co., Ltd., may lead to a change in the company's control [2][3] - Tibet Xinhai New currently holds 106 million shares, representing 21.64% of Baili Technology, but this may decrease to 29.4692 million shares (6.01% of total shares) after the auction [2] - If the transfer of 48.0788 million shares to Hunan Pailer Technology Co., Ltd. is completed, Hunan Pailer will become the largest shareholder with 58.0788 million shares (11.85%) [3] Group 3: Board Dynamics and Disagreements - There is a disagreement within the board of Baili Technology, particularly between directors Deng Yuqi and Lei Limo, regarding the relocation decision [5] - The reasons behind the differing opinions among board members remain unclear to external observers [5] - Historical cases of A-share listed companies relocating typically involve either changes in control or seeking local financial and industrial policy support [5]

湖南百利工程科技股份有限公司 2025 年第三次临时股东大会 会议资料 二〇二五年十月三十一日 湖南百利工程科技股份有限公司 2025 年第三次临时股东大会 目 录 | 2025 年第三次临时股东大会会议规则 3 | | --- | | 2025 年第三次临时股东大会基本情况及会议议程 5 | | 议案一：《关于取消监事会并废止<监事会议事规则>的议案》 7 | | 8 议案二：《关于修订<公司章程>的议案》 | | 议案三：《关于修订部分公司治理制度文件的议案》 9 | | 议案四：《关于续聘 10 2025 年度审计机构的议案》 | 2 / 12 湖南百利工程科技股份有限公司 2025 年第三次临时股东大会 湖南百利工程科技股份有限公司 2025 年第三次临时股东大会会议规则 为了维护全体股东的合法权益，确保现场股东大会的正常秩序和议事效率， 保证现场会议的顺利进行，根据《公司法》、《上市公司股东大会规则》等有关法 律法规和《公司章程》的规定，现就湖南百利工程科技股份有限公司 2025 年第 三次临时股东大会会议规则明确如下： 一、为确认出席大会的股东及股东代表或其他出席者的出席资格，会议工作 人员将对出 ...

Core Viewpoint - Baili Technology (603959.SH) announced the transfer of 29% equity in Changzhou Baihan Intelligent Equipment Co., Ltd. to Shanghai Yangshi Technology Co., Ltd. for a cash consideration of 14.0708 million yuan, resulting in Baili Lithium no longer holding any equity in Baihan [1] Group 1 - Baili Lithium, a wholly-owned subsidiary of Baili Technology, signed an equity transfer agreement with Shanghai Yangshi [1] - The cash consideration for the equity transfer is 14.0708 million yuan [1] - Following the transaction, Baili Lithium will no longer hold any shares in Baihan [1]

Group 1 - The core point of the article is that Baile Technology (SH 603959) announced a board meeting on October 22, 2025, to discuss the proposal for changing the registered address and other documents [1] - For the fiscal year 2024, Baile Technology's revenue composition is as follows: lithium battery materials account for 93.27%, petrochemicals account for 6.13%, and other businesses account for 0.6% [1] - As of the time of reporting, Baile Technology has a market capitalization of 3.4 billion yuan [1]

湖南百利工程科技股份有限公司 关于全资子公司转让下属控股公司股权的公告 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。 一、交易概述 为进一步优化资源配置，湖南百利工程科技股份有限公司（以下简称"公司"） 全资子公司常州百利锂电智慧工厂有限公司（以下简称"百利锂电"）于近期与上 海扬石科技有限公司（以下简称"上海扬石"）签署了《关于常州百韩科智能装备 有限公司之股权转让协议》，约定百利锂电以 1,407.08 万元现金对价将其持有常州 百韩科智能装备有限公司（以下简称"百韩科"或"标的公司"）29%的股权转让给 上海扬石。交易完成后，百利锂电不再持有百韩科股权。 公司第五届董事会第十六次会议审议通过了《关于全资子公司转让下属控股公 司股权的议案》，董事会同意百利锂电本次交易事项。 证券代码：603959 证券简称：百利科技 公告编号：2025-087 控股股东：上海骓慕科技有限公司，持有上海扬石 55%的股权。 主要财务数据： 上海扬石截止 2024 年年末及 2025 年 9 月末的主要财务数据如下： 单位：元 二、交 ...