江苏共创人造草坪股份有限公司 第三届董事会第十三次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 证券代码：605099 证券简称：共创草坪 公告编号：2025-059 江苏共创人造草坪股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日 向全体董事发出通知，召开公司第三届董事会第十三次会议。会议于 2025 年 10 月 30 日以通讯方式召开，应出席董事 7 名，实际出席董事 7 名，由董事长王强 翔先生主持。本次会议的召集、召开符合《中华人民共和国公司法》《公司章程》 等的有关规定，会议决议合法、有效。 2024 年股票期权与限制性股票激励计划回购注销部分限制性股票及注销部分股 票期权的议案》，同意公司对触发回购情形的 61 股限制性股票进行回购注销。 本次回购注销完成后，公司股份总数将由 401,641,165 股变更为 402,520,598 股，因此同意公司注册资本由 401,641,165.00 元相应变更为 402,520,598.00 元。 批准报送《 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥792,348,237.42, representing a year-on-year increase of 5.69%[4] - Total profit for the quarter was ¥186,746,852.96, a significant increase of 54.99% compared to the same period last year[4] - Net profit attributable to shareholders was ¥170,583,801.86, reflecting a year-on-year growth of 54.49%[4] - Basic earnings per share for the quarter were ¥0.42, up 55.56% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,474,132,050.70, an increase of 9.5% compared to ¥2,259,058,359.91 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was ¥515,213,228.91, up 31% from ¥393,615,443.22 in the first three quarters of 2024[22] - The company reported a comprehensive income total of ¥471,828,776.09 for the first three quarters of 2025, compared to ¥369,072,674.58 in 2024, reflecting an increase of 27.8%[22] - The basic earnings per share for the first three quarters of 2025 was ¥1.28, compared to ¥0.98 in the same period of 2024, showing a growth of 30.6%[22] Cash Flow - The net cash flow from operating activities for the quarter was ¥263,894,677.79, showing a 5.85% increase year-on-year[5] - Cash inflow from operating activities was ¥2,537,095,904.67 in the first three quarters of 2025, compared to ¥2,212,283,800.88 in 2024, representing a growth of 14.6%[23] - The net cash flow from operating activities was $542,050,573.39, an increase from $266,006,759.98 in the previous period, reflecting a significant improvement[24] - Cash outflows from investing activities totaled $1,389,599,798.78, compared to $333,292,875.04 previously, indicating increased investment expenditures[24] - The net cash flow from investing activities was -$431,606,883.12, worsening from -$16,653,283.18, highlighting a substantial increase in cash outflows[24] - Cash inflows from financing activities amounted to $777,853,471.69, up from $314,508,732.19, showing a strong increase in financing received[24] - The net cash flow from financing activities was $23,944,841.53, a recovery from -$305,610,145.81, indicating improved financing conditions[24] - The total cash and cash equivalents at the end of the period were $838,970,351.86, compared to $781,924,299.98 at the end of the previous period, reflecting a net increase[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,946,751,416.47, an increase of 19.32% compared to the end of the previous year[5] - As of September 30, 2025, the company's total assets reached approximately RMB 3.95 billion, an increase from RMB 3.31 billion as of December 31, 2024, reflecting a growth of about 19%[15] - The company's current assets totaled approximately RMB 2.79 billion, up from RMB 2.34 billion, indicating a growth of around 20%[16] - Total liabilities increased to ¥942,151,478.52 in 2025 from ¥548,326,344.90 in 2024, reflecting a growth of 71.7%[18] - The company's total current liabilities reached ¥882,339,126.24 in 2025, up from ¥539,152,297.51 in 2024, indicating a rise of 63.7%[18] - The company's total equity rose to ¥3,004,599,937.95 in 2025, compared to ¥2,759,460,471.49 in 2024, marking an increase of 8.8%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,169[11] - The top shareholder, Wang Qiangxiang, holds 54.5% of the shares, totaling 219,517,200 shares[12] - The top ten shareholders include significant holdings by Wang Qiangxiang with 219.52 million shares and Jiangsu Best Investment Group with 63.73 million shares[13] - The company has established consistent action relationships among its major shareholders, indicating a unified strategic direction[13] Cost and Expenses - The company reported a significant improvement in gross profit margin and profit margin due to cost reduction measures and a decrease in raw material prices[10] - Research and development expenses for the first three quarters of 2025 amounted to ¥71,821,465.58, an increase from ¥64,950,119.09 in the same period of 2024[20] - The financial cost for the first three quarters of 2025 was reported as -¥21,854,037.10, an improvement from -¥24,633,005.34 in 2024[20] - The company paid $349,962,563.95 in employee-related cash outflows, up from $339,506,545.19, indicating a rise in employee compensation expenses[24] - Tax payments increased to $113,097,171.10 from $64,089,985.97, reflecting higher tax obligations[24] Inventory and Receivables - Accounts receivable rose to approximately RMB 695.65 million, compared to RMB 582.70 million, marking an increase of approximately 19%[15] - Inventory decreased to approximately RMB 497.59 million from RMB 564.48 million, showing a decline of about 12%[16] - Fixed assets increased to approximately RMB 767.33 million from RMB 551.57 million, reflecting a growth of around 39%[16] Borrowings and Financing - Short-term borrowings increased significantly to RMB 440 million from RMB 150 million, indicating a rise of approximately 193%[16] - The company reported no changes in the participation of major shareholders in margin financing and securities lending activities[14] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was -$33,155,219.03, worsening from -$18,789,406.15, suggesting increased foreign exchange losses[24]

江苏共创人造草坪股份有限公司 章 程 2025 年 10 月 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 2 | | | 第三章 | 股份 | 2 | | 第一节 | 股份发行 | 2 | | 第二节 | 股份增减与回购 3 | | | 第三节 | 股份转让 | 5 | | 第四章 | 股东和股东会 5 | | | 第一节 | 股东 5 | | | 第二节 | 控股股东和实际控制人 | 8 | | 第三节 | 股东会的一般规定 9 | | | 第四节 | 股东会的召集 | 11 | | 第五节 | 股东会的提案与通知 | 12 | | 第六节 | 股东会的召开 14 | | | 第七节 | 股东会的表决和决议 | 16 | | 第五章 | 董事会 | 20 | | 第一节 | 董 事 20 | | | 第二节 | 董事会 23 | | | 第三节 | 独立董事 | 27 | | 第四节 | 董事会专门委员会 29 | | | 第六章 | 高级管理人员 31 | | | 第七章 | 财务会计制度、利润分配和审计 | 33 | | 第一节 | 财务会计 ...

共创草坪公告，第三季度营收为7.92亿元，同比增长5.69%；净利润为1.71亿元，同比增长54.49%。前 三季度营收为24.74亿元，同比增长9.52%；净利润为5.15亿元，同比增长30.89%。 ...

Group 1 - The core viewpoint of the articles highlights the recent trends in stock recommendations and target price adjustments by brokerages from October 20 to October 26, indicating significant movements in the market [1][2]. Group 2 - During the period, brokerages issued a total of 326 target price adjustments, with notable increases for Zhongrun Optical and Guibao Pet, showing target price increases of 74.39% and 66.37% respectively, belonging to the computer equipment and feed industries [1]. - A total of 381 listed companies received brokerage recommendations, with Yanjing Beer receiving the highest number at 21 recommendations, followed by Ningde Times with 20 and Runben Co. with 18 [1]. - Five companies had their ratings upgraded, including Huatai Securities raising Shuangliang Energy's rating from "Hold" to "Buy," and Huayuan Securities upgrading Huayou Cobalt from "Hold" to "Buy" [1]. - Conversely, five companies experienced rating downgrades, such as Zhongyou Securities lowering Shenma Power's rating from "Buy" to "Hold," and Tianfeng Securities downgrading Dirui Medical from "Buy" to "Hold" [1]. Group 3 - In terms of initial coverage, brokerages provided 65 first-time ratings, with Yanjiang Co. receiving a "Buy" rating from Tianfeng Securities, and Qianfang Technology and Zhongyao Holdings both receiving "Buy" ratings from Dongwu Securities [2]. - Other companies like Yingluohua and Yipuli also received ratings, with Yingluohua getting an "Increase" rating from Hualong Securities and Yipuli a "Buy" rating from Global Fortune Management [2].

Investment Rating - The report upgrades the investment rating to "Buy" based on the company's improving profitability and positive industry supply-demand dynamics [6]. Core Insights - The company is a leading global supplier of artificial turf, benefiting from increasing penetration rates and stable sales growth. The sales volume of artificial turf reached 49.48 million square meters in H1 2025, a year-on-year increase of 6.5% [6]. - The company is actively reducing costs and improving efficiency, with a net profit margin of 20.5% in H1 2025, up 1.7 percentage points year-on-year. The gross profit margin for the same period was 33.2%, reflecting a 2.3 percentage point increase [6]. - The company's multi-base global layout helps mitigate trade risks, with significant production capacity in Vietnam and plans for further expansion [6]. Financial Data and Profit Forecast - Total revenue is projected to grow from 2,952 million yuan in 2024 to 4,685 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 16.6% [2][8]. - Net profit is expected to increase from 511 million yuan in 2024 to 932 million yuan in 2027, representing a CAGR of 17.8% [2][8]. - Earnings per share (EPS) are forecasted to rise from 1.28 yuan in 2024 to 2.32 yuan in 2027 [2][8]. Market Data - The closing price of the stock is 30.61 yuan, with a price-to-earnings (P/E) ratio of 24 for 2024, decreasing to 13 by 2027 [3][8]. - The company has a market capitalization of 12,287 million yuan and a dividend yield of 2.09% [3].

Core Viewpoint - The company, Gongchuang Turf (605099), has become the official partner for the 2025 Jiangsu Province Urban Football League, marking a significant sponsorship opportunity in the artificial turf sector [1] Group 1: Company Developments - The company is the only artificial turf brand to have reached a sponsorship agreement with the event organizing committee for the football league [1] - The company plans to leverage this partnership to enhance its marketing and promotional efforts [1] Group 2: Industry Opportunities - The partnership is expected to help the company capture growth opportunities arising from the development of the football industry [1]

Core Viewpoint - The company, Gongchuang Turf (605099.SH), has become the official partner of the 2025 Jiangsu Province Urban Football League, marking a significant sponsorship opportunity in the artificial turf sector [1] Group 1 - The company is the only artificial turf brand to reach a sponsorship agreement with the event organizing committee [1] - This partnership is expected to enhance the company's promotional and marketing efforts [1] - The company aims to capitalize on the growth opportunities presented by the development of the football industry [1]

Core Viewpoint - The company, Gongchuang Turf (605099.SH), has become the official partner of the 2025 Jiangsu Province Urban Football League, marking its position as the only artificial turf brand to collaborate with the event organizing committee [1] Group 1 - The company aims to leverage this partnership to enhance its marketing and promotional efforts [1] - The collaboration is expected to help the company capture growth opportunities arising from the development of the football industry [1]

Market Overview - On October 17, the home goods sector declined by 1.52%, with Yuma Technology leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Notable gainers included: - Mengbaihe (603313) with a closing price of 9.33, up 10.02% on a trading volume of 269,100 shares and a turnover of 246 million yuan [1] - Longzhu Technology (920445) closed at 11.97, up 9.02% with a trading volume of 84,800 shares and a turnover of 104 million yuan [1] - Significant losers included: - Yuma Technology (300993) closed at 18.24, down 6.46% with a trading volume of 178,300 shares and a turnover of 332 million yuan [2] - Qisheng Technology (603610) closed at 16.84, down 6.18% with a trading volume of 128,300 shares [2] Capital Flow - The home goods sector experienced a net outflow of 248 million yuan from institutional investors, while retail investors saw a net inflow of 255 million yuan [2] - The capital flow for key stocks showed: - Mengbaihe had a net inflow of 84.29 million yuan from institutional investors, but a net outflow of 43.88 million yuan from retail investors [3] - Delu Future (002631) had a net inflow of 29.35 million yuan from institutional investors, with a net outflow of 26.12 million yuan from retail investors [3]