（二）审议通过了《关于制定<董事、高级管理人员离职管理制度>的议案》 证券代码：605155 证券简称：西大门 公告编号：2025-038 浙江西大门新材料股份有限公司 第四届董事会第三次会议决议公告 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 浙江西大门新材料股份有限公司（以下简称"公司"）第四届董事会第三次 会议于 2025 年 10 月 24 日以现场结合通讯表决的方式召开，会议通知已于 2025 年 10 月 17 日通过专人送达及邮件等方式送达全体董事。本次会议由董事长柳庆 华主持，应出席董事 9 名，实际出席董事 9 名。本次会议的召开符合《中华人民 共和国公司法》等法律、行政法规以及《公司章程》的规定，决议内容合法有效。 二、董事会会议审议情况 （一）审议通过了《关于公司 2025 年第三季度报告的议案》 本议案已经审计委员会审议通过，并同意提交董事会审议。 具体内容详见公司于 2025 年 10 月 25 日在指定披露媒体及上海证券交易所 网站（www.sse.com.cn）披露 ...

Financial Performance - The company's operating revenue for the third quarter was ¥231,917,148.77, representing a year-on-year increase of 3.74%[4] - The total profit for the quarter was ¥36,910,565.03, showing a slight decrease of 0.01% compared to the same period last year[4] - The net profit attributable to shareholders was ¥32,126,358.72, reflecting a year-on-year increase of 0.66%[4] - The net profit after deducting non-recurring gains and losses was ¥30,284,758.46, which is a decrease of 3.18% compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥651.14 million, a 10.43% increase from ¥589.65 million in the same period of 2024[19] - Operating profit for the period was ¥101.70 million, up 2.00% from ¥98.71 million year-over-year[19] - Net profit attributable to shareholders was ¥87.93 million, reflecting a slight increase of 1.16% compared to ¥86.92 million in the previous year[20] - The company’s total comprehensive income for the period was ¥87.93 million, consistent with the net profit attributable to shareholders[20] Cash Flow and Assets - The cash flow generated from operating activities for the year-to-date period was ¥136,620,671.47, an increase of 34.43%[4] - Cash flow from operating activities generated ¥136.62 million, an increase of 34.38% from ¥101.63 million in the same period of 2024[21] - Total cash and cash equivalents at the end of the period amounted to ¥331.86 million, compared to ¥505.05 million at the end of the same period last year[22] - Cash and cash equivalents as of September 30, 2025, were CNY 331,861,635.97, slightly down from CNY 340,008,469.34 at the end of 2024[14] - The total current assets decreased to CNY 787,132,995.38 from CNY 860,108,532.59[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,422,871,171.73, up 2.74% from the end of the previous year[5] - The company's total liabilities decreased to CNY 98,060,993.64 from CNY 108,076,212.25[16] - The total equity attributable to shareholders increased to CNY 1,324,810,178.09 from CNY 1,276,833,129.22[16] - The equity attributable to shareholders increased to ¥1,324,810,178.09, marking a 3.76% rise compared to the previous year-end[5] - The company's inventory increased to CNY 178,843,732.28 from CNY 176,965,638.03[14] - Accounts receivable decreased to CNY 77,268,736.57 from CNY 84,751,713.87[14] - The company's fixed assets increased to CNY 415,316,804.56 from CNY 408,272,414.65[15] Expenses - Research and development expenses decreased to ¥21.70 million from ¥25.51 million, indicating a reduction of 14.96%[19] - Sales expenses increased significantly to ¥144.77 million, up 47.94% from ¥97.70 million in the previous year[19] Other Information - The company received government subsidies amounting to ¥322,250.60 during the quarter, contributing to the increase in other income[6] - The company reported a decrease in short-term borrowings, with accounts payable at CNY 32,661,879.04, down from CNY 34,975,439.47[16] - The company has not reported any significant new product developments or market expansions during the reporting period[13] - The basic earnings per share for the quarter was ¥0.17, unchanged from the previous year[5] - The weighted average return on equity was 2.45%, a decrease of 0.15 percentage points year-on-year[5] - Earnings per share remained stable at ¥0.46, unchanged from the previous year[20] - The company reported a net cash outflow from investing activities of ¥80.02 million, an improvement from a net outflow of ¥88.30 million in the same period last year[22]

Group 1 - The company's Q3 revenue reached 232 million, representing a year-on-year increase of 3.74% [1] - The net profit for Q3 was 32.1264 million, showing a year-on-year growth of 0.66% [1] - For the first three quarters, the total revenue amounted to 651 million, reflecting a year-on-year increase of 10.43% [1] Group 2 - The net profit for the first three quarters was 87.9309 million, with a year-on-year growth of 1.16% [1]

Market Overview - The home goods sector increased by 0.07% on October 14, with Hao Tai Tai leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Top Performers - Hao Tai Tai (603848) closed at 22.13, up 9.99% with a trading volume of 104,800 shares and a turnover of 227 million yuan [1] - Sea Owl (002084) closed at 4.52, up 9.98% with a trading volume of 573,900 shares and a turnover of 252 million yuan [1] - Yu Ma Technology (300993) closed at 19.35, up 5.39% with a trading volume of 264,400 shares and a turnover of 506 million yuan [1] Underperformers - Jiangshan Oupai (603208) closed at 15.26, down 5.63% with a trading volume of 177,200 shares and a turnover of 283 million yuan [2] - Filinger (603226) closed at 45.08, down 4.09% with a trading volume of 161,500 shares and a turnover of 758 million yuan [2] - Qi Sheng Technology (603610) closed at 18.52, down 3.94% with a trading volume of 228,500 shares and a turnover of 433 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 26.59 million yuan from institutional investors and 53.19 million yuan from speculative funds, while retail investors saw a net inflow of 79.79 million yuan [2] - The capital flow for individual stocks in the home goods sector is detailed in the following table [3] Individual Stock Capital Flow - Sea Owl (002084) had a net inflow of 93.29 million yuan from institutional investors, but a net outflow of 36.74 million yuan from speculative funds and 56.54 million yuan from retail investors [3] - Hao Tai Tai (603848) saw a net inflow of 36.04 million yuan from institutional investors, with net outflows from both speculative and retail investors [3] - Yu Ma Technology (300993) had a net inflow of 29.99 million yuan from institutional investors, but a net outflow from retail investors [3]

Core Viewpoint - The report from Tianfeng Securities highlights that Xidamen's net profit attributable to shareholders for the first half of 2025 is 56 million, representing a 1% year-on-year increase, with Q2 net profit at 30 million, up 3% year-on-year [1] Financial Performance - The company has shown rapid growth in performance, with a continuous improvement in profitability [1] - The current order backlog is 2-3 months, and production capacity can be dynamically adjusted based on order conditions, effectively meeting customer demands [1] Future Outlook - As the company's fundraising projects gradually release production capacity, it will effectively shorten order cycles and respond more quickly to customer needs [1] - The completion of fundraising projects, including the "annual production of 16.5 million square meters of architectural shading new materials" and "annual production of 2 million square meters of architectural shading finished products," will provide capacity support for future sales expansion [1] Market Expansion Strategies - The company is actively expanding its cross-border e-commerce business, leveraging platforms like Amazon and independent sites to reach global customers [1] - For the domestic market, the company is increasing the coverage of offline direct sales offices and equipping professional sales and installation teams for on-site services, ensuring a comprehensive customer experience [1] - The company is intensifying its sales efforts in the global shading fabric market and expanding its overseas finished product business, considering increased investments in e-commerce platforms and advertising [1] Investment Rating - Based on the performance in the first half of 2025, the profit forecast has been adjusted, and a "buy" rating is maintained [1]

Investment Rating - The report maintains a "Buy" rating for the company with a target price not specified [4] Core Insights - The company reported a revenue of 230 million yuan in Q2 2025, a 15% year-on-year increase, and a net profit attributable to shareholders of 30 million yuan, up 3% year-on-year [1] - For the first half of 2025, the company achieved a revenue of 420 million yuan, also a 15% increase, while the net profit attributable to shareholders was 56 million yuan, reflecting a 1% increase [1] - The company has a strong order backlog of 2-3 months and can dynamically adjust production capacity based on orders, enhancing customer responsiveness [1] - The completion of fundraising projects, such as the annual production of 16.5 million square meters of architectural shading new materials, supports future sales expansion [1] Product Structure - The company boasts a rich and diverse product structure, having developed over a hundred product series and thousands of specifications, making it one of the most comprehensive manufacturers in the industry [2] - The ability to customize products according to regional and customer needs allows the company to meet diverse customer demands quickly [2] - The company focuses on a differentiated competition strategy, producing high-cost performance products tailored to different markets [2] Marketing Strategy - The company has established a marketing strategy that integrates online and offline channels, as well as domestic and international approaches [3] - It is actively expanding its cross-border e-commerce business and has formed strategic partnerships to enhance logistics efficiency and shorten delivery times [3] - The company aims to deepen its marketing system, expand multi-channel operations, and enhance brand recognition and reputation [3] Financial Forecast - The profit forecast has been adjusted, with expected net profits attributable to shareholders for 2025, 2026, and 2027 projected at 130 million, 148 million, and 183 million yuan respectively [4] - The company anticipates continued growth in revenue, with projections of 983 million yuan in 2025, 1.19 billion yuan in 2026, and 1.47 billion yuan in 2027, reflecting growth rates of 20.32%, 21.23%, and 23.64% respectively [8]

证券代码：605155 证券简称：西大门 公告编号：2025-036 浙江西大门新材料股份有限公司 董监高减持股份结果公告 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： 大股东及董监高持股的基本情况 本次减持计划实施前，浙江西大门新材料股份有限公司（以下简称"公司"） 董事兼副经理沈华锋先生、柳英女士分别持有公司股份 1,498,000 股、308,000 股，分别占公司股份总数的 0.7821%、0.1608%；监事柏建民先生直接持有公司 股份 98,000 股，占公司股份总数的 0.0512%；高级管理人员周莉女士、董雨亭 女士分别持有公司股份 308,000 股、112,000 股，分别占公司股份总数的 0.1608%、0.0585%。 减持计划的实施结果情况 2025 年 6 月 9 日，公司发布了《董监高减持股份计划公告》（公告编号 2025-020），公司部分董监高计划自 2025 年 7 月 1 日至 2025 年 9 月 30 日通过 集中竞价方式减持不超过 581,000 股，占公 ...

Market Overview - The home goods sector experienced a decline of 0.17% on September 26, with Han Gao Group leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the home goods sector included: - Dream Home (603216) with a closing price of 18.93, up 9.99% [1] - West Gate (605155) at 17.30, up 9.98% [1] - Dream Lily (603313) at 8.75, up 7.36% [1] - Han Gao Group (001221) saw a significant decline, closing at 63.44, down 8.48% [2] - Other notable decliners included: - Double Gun Technology (001211) down 5.07% [2] - Yu Ma Technology (300993) down 4.75% [2] Capital Flow - The home goods sector experienced a net outflow of 134 million yuan from institutional investors, while retail investors saw a net inflow of 193 million yuan [2] - The capital flow for specific stocks showed: - Dream Lily (603313) had a net inflow of 54.65 million yuan from institutional investors [3] - West Gate (605155) saw a net inflow of 33.08 million yuan from institutional investors [3] - Han Gao Group (001221) had a net outflow of 52.3 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news is that Xidamen New Materials Co., Ltd. has seen a significant stock price increase of 5.02%, reaching 16.52 CNY per share, with a total market capitalization of 3.16 billion CNY [1] - The company, established on December 22, 1997, specializes in the research, production, and sales of functional shading materials, with its main revenue sources being finished curtains (50.84%), blackout fabrics (19.73%), sunlight fabrics (17.69%), adjustable light fabrics (8.89%), and others (2.84%) [1] Group 2 - According to data from the top ten heavy stocks of funds, Huaxia Fund holds a significant position in Xidamen, with the Huaxia Juhui FOFA (005218) fund maintaining 7,100 shares, unchanged from the previous period, representing 0.05% of the fund's net value [2] - The Huaxia Juhui FOFA fund, established on November 3, 2017, has a current scale of 132 million CNY, with a year-to-date return of 6.21% and a one-year return of 12.91% [2] Group 3 - The fund managers of Huaxia Juhui FOFA are Lu Shaoqiang and Meng Qingyang, with Lu having a tenure of 3 years and 127 days and Meng having a tenure of 1 year and 283 days [3] - During Lu's tenure, the best fund return was 26.64%, while the worst was -13.62%. Meng's tenure saw a best return of 14.37% and a worst return of 1.03% [3]

Group 1 - The core viewpoint of the news is that Xidamen New Materials Co., Ltd. has seen a significant stock price increase of 5.07%, reaching 16.36 yuan per share, with a total market capitalization of 3.13 billion yuan [1] - The company specializes in the research, production, and sales of functional shading materials, with its main revenue sources being finished curtains (50.84%), shading fabrics (19.73%), sunlight fabrics (17.69%), adjustable light fabrics (8.89%), and others (2.84%) [1] Group 2 - Among the top ten circulating shareholders of Xidamen, the Noan Multi-Strategy Mixed A Fund (320016) has entered the list, holding 840,200 shares, which is 0.44% of the circulating shares, with an estimated floating profit of approximately 663,800 yuan [2] - The Noan Multi-Strategy Mixed A Fund has achieved a year-to-date return of 58.86%, ranking 694 out of 8,173 in its category, and a one-year return of 110.58%, ranking 367 out of 8,003 [2] Group 3 - The fund managers of Noan Multi-Strategy Mixed A are Kong Xianzheng and Wang Haichang, with Kong having a tenure of 4 years and 304 days and a best fund return of 69.77% during his tenure [3] - Wang has a tenure of 3 years and 66 days, with a best fund return of 57.83% during his time managing the fund [3]