Core Insights - The company reported a total revenue of 478 million yuan for Q3 2025, ranking 22nd among disclosed peers [1] - The net profit attributable to shareholders was 39.22 million yuan, ranking 20th among disclosed peers [1] - The net cash flow from operating activities was -8.66 million yuan, a decrease of 52.97 million yuan compared to the same period last year, representing a year-on-year decline of 119.54% [1] Financial Metrics - The latest debt-to-asset ratio is 39.34% [3] - The latest gross profit margin is 25.86%, down by 1.65 percentage points from the previous quarter [3] - The latest return on equity (ROE) is 5.84% [3] - The diluted earnings per share (EPS) is 0.17 yuan, ranking 19th among disclosed peers [3] - The total asset turnover ratio is 0.43 times, ranking 18th among disclosed peers [3] - The inventory turnover ratio is 1.22 times, ranking 25th among disclosed peers [3] Shareholder Structure - The number of shareholders is 19,400, with the top ten shareholders holding 154 million shares, accounting for 65.67% of the total share capital [3] - The largest shareholder is Beijing Gaodi Resource Development Co., Ltd., holding 30.01% [3] - Other significant shareholders include Wang Jianyu (16.1%), Wang Jiankai (9.65%), and Liu Xin (2.67%) [3]

Group 1 - The company, China Electric Motor (SH 603988), announced on October 31 that its sixth fifth board meeting was held on October 30, 2025, via written signature to discuss the proposal for changing the accounting firm [1] - For the year 2024, the company's revenue composition is 100.0% from machinery [1]

Core Viewpoint - China Electric Motor (603988.SH) reported a significant turnaround in its financial performance for the first three quarters of 2025, achieving a total operating revenue of 478 million yuan, marking an 11.36% year-on-year increase [1] Financial Performance - The company achieved a net profit attributable to shareholders of 39.22 million yuan, compared to a loss of 13.62 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.17 yuan [1]

Core Viewpoint - China Electric Motor, established in 2003 and listed in 2014, is a significant player in the domestic large and medium-sized AC and DC motor sector, with advanced technology and strong market competitiveness [1] Group 1: Business Performance - In Q3 2025, China Electric Motor reported revenue of 478 million yuan, ranking 22nd out of 26 in the industry, with the industry leader, Wolong Electric Drive, generating 11.967 billion yuan [2] - The revenue composition includes AC motors at 163 million yuan (52.75%), wind motors at 64.3 million yuan (20.86%), DC motors at 41.16 million yuan (13.35%), and other products at 40.2 million yuan (13.04%) [2] - The net profit for the same period was 39.22 million yuan, ranking 20th in the industry, with the top two competitors, Ocean Electric and Wolong Electric Drive, earning 896 million yuan and 829 million yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio for China Electric Motor was 39.34%, down from 40.80% year-on-year, which is higher than the industry average of 35.64% [3] - The gross profit margin for the same period was 25.86%, an increase from 25.05% year-on-year, exceeding the industry average of 21.03% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 39.57% to 19,400, with an average holding of 12,100 circulating A-shares, a decrease of 28.35% [5] - Notable changes in the top ten circulating shareholders include HSBC Jintrust Small Cap Stock becoming the fifth largest with 4.9115 million shares, an increase of 2.5637 million shares [5]

中电电机股份有限公司 第六届董事会第五次会议决议公告 证券代码：603988 证券简称：中电电机 公告编号：临 2025-039 二、董事会会议审议情况 1、审议并通过《关于 2025 年第三季度报告的议案》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 本议案已经公司董事会审计委员会全体委员审议通过。 具体内容详见上海证券交易所网站（www.sse.com.cn）。 2、审议并通过《关于计提资产减值准备的议案》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 本议案已经公司董事会审计委员会全体委员审议通过。 具体内容详见上海证券交易所网站（www.sse.com.cn）《中电电机关于计提 资产减值准备的公告》。 3、审议并通过《关于变更会计师事务所的议案》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 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 中电电机股份有限公司（以下简称"公司"）第六届董事会第五次会议于 2025 年 10 月 30 日以书面传签的方式召开，本次会 ...

Financial Performance - The company's operating revenue for the third quarter was ¥170,147,534.55, a decrease of 3.77% compared to the same period last year[5] - The total profit for the quarter was ¥6,734,605.27, down 52.04% year-on-year[5] - The net profit attributable to shareholders was ¥4,244,275.94, reflecting a decline of 62.09% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥3,909,698.39, a significant drop of 79.28% year-on-year[5] - The basic earnings per share for the quarter was ¥0.02, a decrease of 63.91% compared to the same period last year[6] - The company reported a significant increase in total profit for the year-to-date period, up 512.63% to ¥44,823,549.18[5] - Net profit for the first three quarters of 2025 was ¥39,215,428.75, a significant recovery from a net loss of ¥13,619,590.07 in the same period of 2024[24] - Earnings per share for the first three quarters of 2025 were ¥0.17, compared to a loss per share of ¥0.06 in 2024[24] Assets and Liabilities - The total assets at the end of the quarter were ¥1,106,523,156.46, a slight decrease of 0.86% from the end of the previous year[6] - The total assets as of September 30, 2025, amounted to approximately ¥1,106.52 million, a slight decrease from ¥1,116.07 million as of December 31, 2024, reflecting a decrease of about 0.5%[16] - Current assets totaled approximately ¥958.94 million, down from ¥962.02 million, indicating a decrease of about 0.3%[17] - The total liabilities decreased to ¥435,321,285.18 in 2025 from ¥474,676,992.75 in 2024, indicating a reduction of approximately 8.3%[19] Cash Flow - The net cash flow from operating activities was negative at -¥8,660,531.45, indicating a decline of 119.54% compared to the previous year[6] - Cash inflow from operating activities in the first three quarters of 2025 was ¥553,267,738.86, an increase from ¥513,318,365.56 in 2024[25] - The net cash flow from operating activities was -$8.66 million, a decrease from $44.31 million in the previous period[26] - Total cash outflow from operating activities amounted to $561.93 million, compared to $469.01 million previously[26] - The ending balance of cash and cash equivalents was $67.03 million, compared to $90.20 million at the end of the previous period[26] Business Strategy and Development - The company has expanded its business scope to include upstream resource industries, focusing on non-ferrous and precious metal investment, exploration, mining, and processing[14] - The company aims to become a diversified entity with dual main businesses in electric motor operations and upstream resources, enhancing profitability and sustainable operations[14] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[22] Shareholder Information - The top ten shareholders hold a combined 78.75% of the company's shares, with Beijing Gaodi Resource Development Co., Ltd. holding the largest share at 30%[12] - The company completed a board and supervisory board election on February 13, 2025, with a smooth transition of executive management[14] Financial Management - The financial expenses showed a decrease, with a net financial income of -¥1,306,394.31 in 2025 compared to -¥423,224.41 in 2024, indicating improved cost management[22] - Unallocated profits increased to ¥178,915,990.77 in 2025, up from ¥149,108,562.02 in 2024, marking a growth of 19.9%[19] Future Plans - The company plans to implement new accounting standards starting in 2025[27]

证券代码：603988 证券简称：中电电机 公告编号：临 2025-040 中电电机股份有限公司 | 科目 | 计提金额（元） | | --- | --- | | 信用减值损失 | -11,946,263.18 | | 其中：应收票据坏账损失 | 325,161.76 | | 应收账款坏账损失 | -12,269,013.14 | | 其他应收款坏账损失 | -2,411.80 | | 资产减值损失 | -10,411,591.48 | | 其中：存货跌价损失及合同履约成本减值损失 | -2,192,171.38 | | 合同资产坏账损失 | -8,219,420.10 | | 合计 | -22,357,854.66 | 说明：表中损失以"-"号填列。 二、本次计提资产减值准备对公司的影响 本次计提资产减值准备，将减少公司2025年前三季度合并报表利润总额 22,357,854.66元（合并利润总额未计算所得税影响）。 三、董事会审计委员会意见 关于计提资产减值准备的公告 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。 ...

证券代码：603988 证券简称：中电电机 公告编号：临 2025-041 中电电机股份有限公司 变更会计师事务所的公告 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。 重要内容提示： 拟聘任的会计师事务所名称：容诚会计师事务所（特殊普通合伙）（以下 简称"容诚会计师事务所"） 原聘任的会计师事务所名称：天健会计师事务所（特殊普通合伙）（以下 简称"天健会计师事务所"） | 计）业务收入 | | 审计业务收入 | 23.49 亿元 | | --- | --- | --- | --- | | | | 证券业务收入 | 亿元 12.38 家 | | 2024 | | 客户家数 | 518 | | | | 审计收费总额 | 6.20 亿元 | | 年上市公 | | | 制造业、信息传输、软件和信息技术服务 | | 司（含 A、B | 股） | 涉及主要行业 | 业、批发和零售业、科学研究和技术服务 | | 审计情况 | | | 业、建筑业、水利、环境和公共设施管理 | | | | | 业等多个行业 | | | | 本公司同行业 ...

中电电机公告，第三季度营收为1.7亿元，同比下降3.77%；净利润为424.43万元，同比下降62.09%。前 三季度营收为4.78亿元，同比增长11.36%；净利润为3921.54万元，同比增长387.93%。 ...

为进一步加强与投资者的互动交流，中电电机股份有限公司（以下简称"公 司"）将参加"2025 无锡上市公司投资者集体接待日"活动，现将相关事项公 告如下： 出席本次年度网上集体接待日的人员有：公司总经理兼董事会秘书刘黎明先 生、财务总监王萱女士、副总经理刘锴先生。 证券代码：603988 证券简称：中电电机 公告编号：临 2025-038 中电电机股份有限公司 关于参加 2025 无锡上市公司投资者集体接待日活动的公告 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。 届时公司高管将在线就投资者关心的问题，与投资者进行沟通与交流，欢迎 广大投资者踊跃参与！ 特此公告。 中电电机股份有限公司董事会 2025 年 10 月 30 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 11 月 4 日（星期二，15:30-17:00）。 ...