Group 1 - On November 4, Tianzheng Electric conducted a block trade of 2.774 million shares, with a transaction value of 20.006 million yuan, accounting for 12.56% of the total transaction value for the day [1] - The transaction price was 7.21 yuan, which represents a discount of 5.87% compared to the market closing price of 7.66 yuan [1] Group 2 - The block trade on November 4 involved two transactions, with one transaction amounting to 10.0075 million yuan for 138.8 thousand shares and another for 9.9931 million yuan for 138.6 thousand shares [2]

Core Viewpoint - Tianzheng Electric (605066.SH) announced a reduction in shareholding by its actual controller and associated parties, indicating a shift in ownership dynamics within the company [1] Shareholding Changes - The actual controller and associated parties notified the company of share reductions totaling 472.75 million shares, representing a decrease of 0.94% in their overall shareholding [1] - The shareholding percentage of the actual controller and associated parties decreased from 42.78% to 41.84%, marking a significant change in equity structure [1] - Specific reductions included 825,000 shares sold by Gao Jue from October 13 to October 15, 2025, 1,128,500 shares sold by Gao Xiao from October 16 to October 23, 2025, and 2,774,000 shares sold by Gao Tianle on November 4, 2025 [1]

证券代码：605066 证券简称：天正电气 公告编号：2025-040 浙江天正电气股份有限公司 关于实际控制人及其一致行动人权益变动触及 1%刻度的提示性 公告 实际控制人高天乐及其一致行动人高啸、高珏保证向本公司提供的信 息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 2.信息披露义务人信息 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 42.78% 权益变动后合计比例 41.84% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否☑ 是否触发强制要约收购义务 是□ 否☑ 信息披露义务人名称 投资者身份 统一社会信用代码 高天乐 ☑ 控股股东/实控人 □ 控股股东/实控人的一致 行动人 □ 其他直接持股股东 □ _____________ ☑ 不适用 高啸 □ 控股股东/实控人 ☑ 控股股东/实控人的一致 行动人 □ 其他直接持股股东 □ _____________ ☑ 不适用 高珏 □ 控股股东/实控人 ☑ 控股股东/实控人的一致 行动人 □ 其他直接持股股东 □ _____________ ...

Group 1 - The core viewpoint of the article highlights the institutional investment landscape in Tianzheng Electric (605066.SH), indicating a significant presence of institutional investors with a total holding of 132 million shares, representing 26.14% of the total share capital [1] - The proportion of institutional holdings increased by 1.54 percentage points compared to the previous quarter, reflecting growing confidence among institutional investors [1] - Among public funds, there was an increase in holdings from one fund, 博道久航混合A, with a holding increase ratio of 0.21% [1] Group 2 - New disclosures from foreign investors included one entity, J.P. Morgan Securities PLC - proprietary funds, indicating a cautious but present interest from foreign institutions [2]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3][7] Financial Data - The financial statements for the third quarter are unaudited [3][7] - The report includes major accounting data and financial indicators, with the currency specified as Renminbi [3][7] Non-Recurring Gains and Losses - The company has identified non-recurring gains and losses, but specific amounts and reasons for classification are not detailed in the provided documents [4][5] Shareholder Information - Information regarding the total number of common shareholders and the top ten shareholders is included, but specific details are not provided in the documents [5][6] Other Important Information - There are no additional reminders or important information regarding the company's operational situation during the reporting period [6][7]

Core Viewpoint - Tianzheng Electric is a well-known enterprise in the low-voltage electrical field in China, focusing on the research, production, and sales of low-voltage electrical products, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Tianzheng Electric's revenue was 2.17 billion yuan, ranking 8th among 26 companies in the industry, with the industry leader, Chint Electric, generating 46.396 billion yuan [2] - The main business composition includes distribution electrical products at 1.211 billion yuan (41.51% of revenue) and terminal electrical products at 588 million yuan (20.15% of revenue) [2] - The net profit for the same period was 105 million yuan, also ranking 8th in the industry, with the industry leader's net profit at 5.656 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Tianzheng Electric's debt-to-asset ratio was 44.58%, higher than the previous year's 43.78% and above the industry average of 40.49%, indicating slightly greater debt pressure [3] - The gross profit margin for Q3 2025 was 24.92%, lower than the previous year's 26.08% but higher than the industry average of 23.98%, suggesting a relatively strong profitability position [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 29.66% to 37,300, while the average number of circulating A-shares held per account increased by 42.16% to 13,500 [5] - New significant shareholders include Guangfa Quantitative Multi-Factor Mixed A, holding 2.7646 million shares, and招商量化精选股票发起式A, holding 2.3 million shares [5] Group 4: Executive Compensation - The chairman and general manager, Gao Tianle, received a salary of 1.4638 million yuan in 2024, a decrease of 81,700 yuan from 2023 [4]

智通财经APP讯，天正电气(605066.SH)披露2025年第三季度报告，公司前三季度实现营收21.7亿元，同 比下降1.41%;归母净利润1.05亿元，同比增长1.29%;扣非净利润9745万元，同比下降9.33%;基本每股收 益0.21元。 ...

证券日报网讯 10月30日晚间，天正电气发布2025年第三季度报告称，2025年前三季度公司实现营业收 入2，169，930，015.85元，同比下降1.41%；归属于上市公司股东的净利润为105，191，699.28元，同 比增长1.29%。 （编辑 任世碧） ...

格隆汇10月30日丨天正电气(605066.SH)发布2025年三季报显示，公司前三季实现营业收入21.70亿元， 同比下滑1.41%；归母净利润1.05亿元，同比增长1.29%；扣非归母净利润9745.26万元，同比下滑 9.33%。 ...

Financial Performance - The company's operating revenue for the third quarter was ¥715,430,811.34, representing a year-on-year increase of 6.69%[4]. - The total profit for the quarter was ¥21,514,114.39, showing a decrease of 24.33% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥23,298,192.49, down 21.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 44.87%, primarily due to rising raw material prices affecting the gross profit margin[9]. - Total operating revenue for the first three quarters of 2025 was CNY 2,169,930,015.85, a slight decrease from CNY 2,200,888,367.79 in the same period of 2024, representing a decline of approximately 1.4%[17]. - Net profit for the first three quarters of 2025 was CNY 105,191,699.28, compared to CNY 103,853,820.51 in 2024, showing an increase of about 1.3%[18]. - Operating profit for the first three quarters of 2025 was CNY 105,139,672.99, up from CNY 124,568,462.99 in 2024, indicating a decrease of approximately 15.6%[18]. - The company reported a decrease in total operating costs for the first three quarters of 2025, which amounted to CNY 2,076,736,647.10, down from CNY 2,098,088,096.83 in 2024, a reduction of approximately 1.0%[17]. - Earnings per share for the first three quarters of 2025 were CNY 0.21, slightly higher than CNY 0.20 in 2024, indicating a growth of 5.0%[18]. - The company experienced a foreign exchange loss of CNY 330,082.33 in the first three quarters of 2025, compared to a loss of CNY 304,989.30 in 2024, reflecting a worsening of approximately 8.2%[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,221,129,851.96, an increase of 1.72% from the end of the previous year[5]. - As of September 30, 2025, the total assets of Zhejiang Tianzheng Electric Co., Ltd. amounted to CNY 3,221,129,851.96, an increase from CNY 3,166,610,825.26 at the end of 2024, reflecting a growth of approximately 1.73%[13]. - The total liabilities increased to CNY 1,435,823,026.03 from CNY 1,359,737,550.11, representing an increase of about 5.59%[15]. - The total equity attributable to shareholders decreased to CNY 1,785,306,825.93 from CNY 1,806,873,275.15, a decline of about 1.19%[15]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥133,819,893.39, reflecting a significant increase of 66.84%[4][9]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 133,819,893.39, an increase from CNY 80,208,721.78 in 2024, reflecting a growth of about 66.8%[19]. - Cash flow from investing activities for the first three quarters of 2025 was CNY 204,865,322.42, compared to a negative cash flow of CNY 127,857,020.08 in 2024, indicating a significant improvement[19]. - The total cash and cash equivalents at the end of the first three quarters of 2025 was CNY 640,351,549.19, up from CNY 498,626,163.54 in 2024, representing an increase of approximately 28.5%[20]. - The company's cash and cash equivalents decreased to CNY 711,710,576.70 from CNY 725,295,587.36, a decline of approximately 1.81%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,340[10]. - The largest shareholder, Tianzheng Group Co., Ltd., held 24.55% of the shares, totaling 123,933,700 shares[11]. Inventory and Receivables - Accounts receivable rose to CNY 876,033,489.04, up from CNY 770,171,545.97, indicating an increase of about 13.73%[13]. - Inventory decreased to CNY 253,831,323.98 from CNY 287,030,339.52, a reduction of approximately 11.56%[14]. - The company reported a significant increase in prepayments, rising to CNY 20,120,199.26 from CNY 15,703,921.55, an increase of approximately 27.66%[13]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 111,116,551.00, compared to CNY 116,491,480.32 in 2024, showing a decrease of about 4.7%[17]. Non-Recurring Gains - The company received government subsidies amounting to ¥2,301,758.81 during the quarter, contributing to its non-recurring gains[7].