Financial Performance - The company's revenue for the third quarter was ¥483,690,214.56, representing a year-on-year increase of 24.21%[4] - The total profit for the quarter was ¥48,707,899.75, showing a decrease of 36.07% compared to the same period last year[4] - The net profit attributable to shareholders was ¥45,775,091.20, down 24.00% year-on-year[4] - The basic and diluted earnings per share were both ¥0.11, reflecting a decline of 35.29% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥1,351,469,827.46, an increase of 11.26% compared to ¥1,214,804,794.09 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was ¥152,630,862.97, a decrease of 22.38% from ¥196,540,897.25 in the previous year[20] - Basic and diluted earnings per share for the period were both ¥0.38, down from ¥0.49 in the same period last year[21] - The total comprehensive income for the first three quarters of 2025 was ¥166,393,393.51, compared to ¥197,168,660.71 in the previous year, reflecting a decline of 15.59%[20] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period decreased by 30.79%, totaling ¥208,451,080.79[5] - The company's total current assets as of September 30, 2025, amounted to 1,319,977,082.66 RMB, a decrease from 1,351,669,718.86 RMB at the end of 2024[14] - The company reported a decrease in cash and cash equivalents to 212,109,899.93 RMB from 273,648,076.26 RMB[14] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 1,423,606,807.31, an increase of 1.8% compared to CNY 1,398,249,842.57 in the same period of 2024[22] - The net cash flow from operating activities decreased to CNY 208,451,080.79, down 30.8% from CNY 301,197,886.34 in the previous year[22] - The cash and cash equivalents at the end of the period decreased to CNY 212,109,899.93 from CNY 278,974,963.74 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,545,548,690.82, an increase of 3.51% from the end of the previous year[5] - Non-current assets totaled 1,225,571,608.16 RMB, up from 1,107,454,723.02 RMB in the previous year[15] - The company's total assets reached 2,545,548,690.82 RMB, compared to 2,459,124,441.88 RMB at the end of 2024[15] - The total liabilities amounted to ¥505,170,816.87, slightly up from ¥504,939,961.44 year-over-year[19] - The total equity attributable to shareholders reached ¥2,040,377,873.95, an increase from ¥1,954,184,480.44 in the previous year, reflecting a growth of 4.41%[19] Shareholder Information - Total shareholders' equity at the end of the reporting period was 10,382 million RMB[12] - The largest shareholder, Hexing Group Co., Ltd., holds 76.50% of the shares, totaling 306,765,000 shares[12] - The company has no significant changes in the top ten shareholders or their relationships during the reporting period[14] Operational Costs and Expenses - The company experienced a decrease in gross profit margin due to rising costs of raw materials and increased depreciation from new factories in Jiaxing and Germany[9] - Total operating costs increased to ¥1,175,890,536.02, up 17.38% from ¥1,001,012,717.87 year-over-year[19] - Research and development expenses increased to ¥79,295,140.43, up 8.99% from ¥72,652,251.93 year-over-year[19] - The company reported a financial expense of -¥2,076,461.99, compared to a financial expense of ¥930,737.61 in the previous year, indicating a significant improvement[19] - Other income decreased to ¥10,040,075.18 from ¥15,837,863.92 in the previous year, a decline of 36.5%[19] Future Outlook - The company plans to continue focusing on new product development and market expansion strategies to improve future performance[9]

Group 1 - Tianpu Co., Ltd. experienced a significant stock price increase of 185.29% from August 22 to September 10, leading to a halt for further investigation due to abnormal trading [4] - Baiyin Nonferrous Metals has been investigated by the China Securities Regulatory Commission for suspected violations of information disclosure [5] - Qingshan Paper Industry confirmed that its production and operational activities are normal, with no significant changes in daily operations [6] Group 2 - Aoyang Health announced that its stock will continue to be suspended due to ongoing negotiations regarding a share transfer by its controlling shareholder [7] - ST Jinke will implement a capital reserve transfer to increase share capital, resulting in a one-day stock suspension [8] - ST Haofeng's stock will resume trading on September 11 after a share transfer agreement was signed, making Zhixin Network the controlling shareholder [9] Group 3 - Fushun Special Steel's stock will be suspended for one day due to a tender offer for shares by Ningbo Meishan Free Trade Port Zone Jincheng Shazhou Equity Investment Co., Ltd. [10] - Fuliwang's subsidiary plans to invest 500 million yuan in a high-end wire material research and production project [11] - ST Tianmao's application for voluntary delisting has been accepted by the Shenzhen Stock Exchange [12] Group 4 - Dongyangguang plans to jointly increase capital in a subsidiary for the acquisition of Qinhuai Data China [13] - Betta Pharmaceuticals intends to issue H-shares and apply for listing on the Hong Kong Stock Exchange [14] - Longzi Co., Ltd. plans to acquire a 67.5% stake in Chongqing Time for approximately 92.475 million yuan [15] Group 5 - Dongfang Guoxin plans to establish a joint venture for a technology company with Shunyi Jin Kong [16] - ST Lianshi signed a pre-restructuring investment agreement with selected investors [18] - Shaanxi Construction Group won four construction projects worth over 5 billion yuan in August [19] Group 6 - Dema Technology won a smart logistics project with a well-known Latin American e-commerce giant, valued at approximately 290 million yuan [20] - Mongolian Grass Ecology's subsidiary led a consortium to win a 225 million yuan ecological restoration project [21] - Dajin Heavy Industry signed a long-term production agreement for offshore wind power foundations, with a total value of about 1.25 billion yuan [24] Group 7 - Zhendong Medical's controlling shareholder plans to transfer 5% of the company's shares [25] - ST Hezhong's controlling shareholder is under bail pending trial, but company operations remain unaffected [26] - BYD's senior management and core personnel collectively increased their holdings by approximately 52.33 million yuan [27] Group 8 - Jiahe Meikang's shareholder plans to reduce its stake by up to 1.94% [28] - Sichuan Road and Bridge's controlling shareholder plans to reduce its stake by up to 2% [30] - Lanke Technology's shareholders plan to reduce their holdings by up to 2% [31]

Group 1 - Hualing Steel's shareholder, Xintai Life, has recently increased its stake by 69.0862 million shares and plans to continue increasing its holdings by 1% to 2% [1] - Jingfang Technology's shareholder has terminated its share reduction plan ahead of schedule, with no shares sold during the period [1] - Huali Co., Ltd. plans to reduce its holdings by no more than 3.96% of the company's shares [1] Group 2 - Various companies, including Wuchan Jinlun, Changhua Chemical, COFCO Technology, and Jieshun Technology, have announced plans to reduce their holdings by no more than 3% of their shares [1] - Other companies such as Micron Biotech, Hongbai New Materials, and Jucheng Technology have also indicated plans to reduce their stakes by varying percentages, mostly around 2% to 3% [1] - Specific reductions include 2.61% by Jucheng Co., 2.5% by Zhongju Xinxin, and 1.94% by Jiahe Meikang [1]

Group 1 - The core point of the announcement is that Hexing Group, the controlling shareholder of Hexing Co., Ltd., plans to reduce its shareholding due to personal funding needs, with a total reduction of up to 11,180,000 shares, which is 2.79% of the company's total share capital [1] - Hexing Group directly holds 306,765,000 shares, accounting for 76.50% of the company, while the actual controller's concerted actors hold a combined total of 8,744,205 shares, representing 10.07% [1] - The planned reduction will occur through centralized bidding and block trading methods, with specific limits on the number of shares to be sold [1] Group 2 - The reduction period is set to begin 15 trading days after the announcement and will last for three months [1] - The actual controller's concerted actors, Chen Wenyin and Chen Wenle, also plan to reduce their holdings by up to 300,000 shares and 550,000 shares, respectively, which represent 0.07% and 0.14% of the total share capital [1]

Group 1 - The core point of the news is that Hexing Co., Ltd. announced plans for share reduction by its controlling shareholder and actual controllers due to personal funding needs, which may impact the company's stock performance [1] - As of the announcement date, the controlling shareholder, Hexing Group, holds approximately 76.5% of the company's shares, while the actual controllers and their concerted parties hold a combined total of 87.21% [1] - Hexing Group plans to reduce its holdings by up to 11.18 million shares, which represents a total reduction of up to 2.79% of the company's total share capital [1] Group 2 - For the fiscal year 2024, Hexing Co., Ltd.'s revenue composition is as follows: automotive electronics account for 67.92%, consumer electronics for 20.77%, and other businesses for 11.31% [2] - The current market capitalization of Hexing Co., Ltd. is 7.7 billion yuan [2]

Regulatory Actions - Baiyin Nonferrous Metals has been investigated by the China Securities Regulatory Commission for suspected violations of information disclosure laws [3] - ST Haofeng announced that Zhixin Network will become the controlling shareholder after a share transfer agreement, with shares resuming trading on September 11, 2025 [7] - Fushun Special Steel will suspend trading for one day due to a share buyback offer, with a total of 9.865 million shares being offered at a price of 5.6 yuan per share [8] Operational Updates - Qingshan Paper Industry reported that its production and operational activities are normal, with no significant changes in daily operations [4] - Aoyang Health announced that its stock will continue to be suspended due to ongoing negotiations regarding a share transfer, with an expected suspension period of no more than three trading days [5] - ST Jinke will implement a capital reserve transfer to increase share capital, leading to a one-day trading suspension [6] Major Contracts and Projects - Shaanxi Construction Group won four construction projects each exceeding 500 million yuan in August, including a 2.4 billion yuan project for a solar hydrogen production facility [11] - Demar Technology secured a 2.9 billion yuan contract for an intelligent logistics project with a well-known e-commerce giant in Latin America [13] - Mongolian Grass Ecology's subsidiary led a consortium that won a 2.25 billion yuan project for ecological protection and restoration in Inner Mongolia [14] - Sanfeng Environment signed a contract worth approximately 2.6 billion Macanese Patacas for waste management services in Macau, with a contract duration of 10 years [15] Shareholding Changes - Jiahe Meikang's shareholder plans to reduce its stake by up to 1.94% through market transactions [17] - Sichuan Road and Bridge's controlling shareholder intends to reduce its stake by up to 2% through block trades [18] - Hexing Co., Ltd. announced that its controlling shareholder plans to reduce its stake by up to 3% through various trading methods [19] - Jingfang Technology's shareholder terminated its share reduction plan without executing any sales during the period [20]

Group 1 - The controlling shareholder, Hexing Group, plans to reduce its stake in Hexing Co., Ltd. by a total of up to 11.18 million shares due to funding needs [1] - The reduction will occur through two methods: a centralized bidding method for up to 3.16 million shares (0.79% of total share capital) and a block trade method for up to 8.02 million shares (2.00% of total share capital) [1] - The total reduction will not exceed 2.79% of the company's total share capital [1] Group 2 - The actual controllers' concerted actors, Mr. Chen Wenyin and Mr. Chen Wenle, also plan to reduce their holdings through centralized bidding, with a maximum of 300,000 shares (0.07% of total share capital) and 550,000 shares (0.14% of total share capital) respectively [1]

股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 大股东及一致行动人持股的基本情况 截至本公告披露日，合兴汽车电子股份有限公司（以下简称"公司"）控股 股东合兴集团有限公司（以下简称"合兴集团"）、实际控制人陈文葆先生及其一 致行动人直接合计持有公司 87.21%股份。其中，控股股东合兴集团直接持有公 司股份 306,765,000 股,持股比例为 76.50%；实际控制人的一致行动人陈文义先 生直接持有公司股份 5,578,905 股，持股比例为 1.39%；实际控制人的一致行动 人陈文乐先生直接持有公司股份 2,165,400 股，持股比例为 0.54%。上述股份均 来源于公司首次公开发行股票前持有的股份。 减持计划的主要内容 证券代码：605005 证券简称：合兴股份 公告编号：2025-031 合兴汽车电子股份有限公司 因自身资金需求，合兴集团计划通过集中竞价方式减持公司股份不超过 3,160,000 股、大宗交易方式减持公司股份不超过 8,020,000 股，减持股份数量 ...

Core Viewpoint - Hexing Co., Ltd. (605005.SH) announced plans for a significant share reduction due to funding needs, involving a total of up to 11,180,000 shares, which represents a maximum of 2.79% of the company's total share capital [1] Summary by Categories Share Reduction Plan - Hexing Group intends to reduce its holdings through a centralized bidding method for up to 3,160,000 shares and through block trading for up to 8,020,000 shares, totaling a maximum of 11,180,000 shares [1] - The reduction via centralized bidding and block trading will account for no more than 0.79% and 2.00% of the company's total share capital, respectively [1] Actions by Controlling Shareholders - The actual controllers' concerted actors, Mr. Chen Wenyiyi and Mr. Chen Wenle, plan to reduce their holdings through centralized bidding, with a maximum of 300,000 shares and 550,000 shares, representing 0.07% and 0.14% of the company's total share capital, respectively [1]

Core Viewpoint - The controlling shareholder, Hexing Group, plans to reduce its stake in Hexing Co., Ltd. due to funding needs, with a total reduction of up to 11.18 million shares, representing 2.79% of the company's total share capital [1] Group 1 - Hexing Group intends to reduce its holdings through centralized bidding from October 10, 2025, to January 9, 2026, with a maximum of 3.16 million shares [1] - Additionally, Hexing Group plans to conduct block trades to reduce up to 8.02 million shares [1] - The total planned reduction by Hexing Group amounts to 11.18 million shares [1] Group 2 - Co-action parties Chen Wenyin and Chen Wenle also plan to reduce their stakes, with a maximum of 300,000 shares and 550,000 shares respectively [1] - The reduction proportions for Chen Wenyin and Chen Wenle are not to exceed 0.07% and 0.14% of the total share capital [1]