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法律责任。 证券代码：605299 证券简称：舒华体育 公告编号：2025-054 舒华体育股份有限公司 关于以集中竞价交易方式回购股份的进展公告 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 重要内容提示： | 回购方案首次披露日 | 2025/3/12 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 月 10 3 9 | 3 | 日~2026 | 年 | 月 | 日 | | 预计回购金额 | 2,000万元~4,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护 ...

Core Viewpoint - The company announced a share repurchase plan aimed at enhancing employee stock ownership and equity incentives, with a total repurchase amount expected between 20 million to 40 million yuan [1] Summary by Categories Share Repurchase Plan - The company plans to repurchase shares from March 10, 2025, to March 9, 2026, with an estimated total amount of 20 million to 40 million yuan [1] - As of the end of October 2025, the company has repurchased a total of 685,200 shares, representing 0.17% of the total share capital, with a total expenditure of approximately 5.4896 million yuan [1] - The repurchase price range for the shares is between 7.40 yuan and 9.1957 yuan per share [1] Implementation Status - No share repurchase was executed in October 2025 [1]

Core Insights - Shuhua Sports, established in 1996 and listed on the Shanghai Stock Exchange in December 2020, is a leading fitness equipment brand in China with a full industry chain advantage [1] Financial Performance - For Q3 2025, Shuhua Sports reported revenue of 1.008 billion yuan, ranking 4th in the industry, surpassing the industry average of 684 million yuan and the median of 388 million yuan [2] - The company's net profit for the same period was 35.55 million yuan, ranking 9th in the industry, above the average net profit of 23.49 million yuan and in line with the median [2] Financial Ratios - As of Q3 2025, Shuhua Sports had a debt-to-asset ratio of 38.12%, higher than the industry average of 30.49% [3] - The gross profit margin for Q3 2025 was 30.16%, exceeding the industry average of 23.75% [3] Executive Compensation - The chairman, Zhang Weijian, received a salary of 1.1742 million yuan in 2024, an increase of 324,700 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.79% to 19,100 [5]

Market Overview - The entertainment products sector experienced a decline of 0.33% on October 30, with Zhejiang Zhengte leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Helen Piano (300329) with a closing price of 17.57, up 7.59% and a trading volume of 180,300 shares, totaling 311 million yuan [1] - Source Pet (001222) closed at 24.51, up 2.21% with a trading volume of 66,300 shares, totaling 162 million yuan [1] - Major decliners included: - Zhejiang Zhengte (001238) closed at 49.33, down 3.08% with a trading volume of 8,368 shares, totaling 41.9 million yuan [2] - Huali Technology (301011) closed at 25.65, down 2.88% with a trading volume of 32,400 shares, totaling 83.57 million yuan [2] Capital Flow - The entertainment products sector saw a net outflow of 69.16 million yuan from institutional investors, while retail investors contributed a net inflow of 66.54 million yuan [2] - Specific stock capital flows included: - Morning Light Co. (6688809) had a net inflow of 11.21 million yuan from institutional investors [3] - Source Pet (001222) saw a net inflow of 10.59 million yuan from institutional investors [3] - Zhejiang Zhengte (001238) experienced a net outflow of 0.53 million yuan from institutional investors [3]

Group 1 - Shuhua Sports (605299.SH) released its Q3 2025 report on October 29, 2025, indicating that as of October 28, 2025, four institutional investors disclosed holdings in Shuhua Sports A-shares, totaling 283 million shares, which accounts for 69.26% of the total share capital [1] - The institutional investors include Jinjiang Shuhua Investment Development Co., Ltd., Linzhi Anda Investment Co., Ltd., Shuhua Sports Co., Ltd. - 2024 Employee Stock Ownership Plan, and Hangzhou Zijin Asset Management Co., Ltd. - Shengtang Zijin Runze No. 88 Private Securities Investment Fund, with a combined institutional holding ratio of 69.26% [1] - Compared to the previous quarter, the total institutional holding ratio decreased by 0.86 percentage points [1] Group 2 - In the public fund sector, there were 10 public funds that did not disclose holdings in this period compared to the previous quarter, including Guotai Shanghai Composite ETF, Haifutong CSI 300 Enhanced C, Huibai Chuan Yuanhang Mixed A, Jinying Theme Advantage Mixed, and Southern CSI 2000 ETF [1]

Core Points - The board of directors and senior management of Shuhua Sports guarantee the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any false records or misleading statements [2][3][5] Financial Data Summary - The financial statements for the third quarter are unaudited, covering the period from the beginning to the end of the quarter [3][5] - The report includes major accounting data and financial indicators, with specific details provided in the financial statements [3][6] - The company has not identified any non-recurring gains or losses that are significant enough to warrant special mention [3][4] Shareholder Information - There are no changes in the top ten shareholders or significant shareholders due to the transfer of shares for margin trading [4][5] Other Important Information - There are no additional reminders or important information regarding the company's operational status during the reporting period [5][6]

Core Insights - Shuhua Sports reported a revenue of 393,494,899.11 yuan for Q3 2025, representing a year-on-year growth of 18.30% [1] - The net profit attributable to shareholders of the listed company was 15,375,345.25 yuan, showing a year-on-year increase of 23.70% [1] Financial Performance - Revenue for Q3 2025: 393.49 million yuan, up 18.30% year-on-year [1] - Net profit for Q3 2025: 15.38 million yuan, up 23.70% year-on-year [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥393,494,899.11, an increase of 18.30% compared to the same period last year[6] - The total profit for the period was ¥18,432,826.17, reflecting a growth of 2.84% year-on-year[6] - The net profit attributable to shareholders was ¥15,375,345.25, up 23.70% from the previous year[6] - The net profit after deducting non-recurring gains and losses was ¥15,370,002.36, which increased by 63.78% year-on-year[6] - The basic earnings per share for the period was ¥0.04, representing a 33.33% increase compared to the previous year[7] - Net profit for the first three quarters of 2025 was ¥35,554,835.65, a decrease of 30% from ¥50,821,321.38 in 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.09, down from ¥0.12 in 2024[22] - Net profit for the first three quarters of 2025 was ¥88,212,847.23, an increase of 10.3% from ¥79,912,653.65 in the previous year[32] Assets and Liabilities - The total assets at the end of the period were ¥1,982,676,313.43, a decrease of 2.12% from the end of the previous year[7] - Total current assets as of September 30, 2025, amount to 1,208,282,156.95 RMB, a decrease from 1,238,995,342.24 RMB at the end of 2024[16] - Total assets amount to 1,982,676,313.43 RMB as of September 30, 2025, down from 2,025,536,312.37 RMB at the end of 2024[18] - The company's total equity attributable to shareholders is 1,226,788,135.88 RMB, down from 1,282,544,804.67 RMB at the end of 2024[18] - Total liabilities as of September 30, 2025, are 755,888,177.55 RMB, compared to 742,991,507.70 RMB at the end of 2024[18] - Total liabilities amounted to ¥730,768,498.64, a slight increase from ¥730,237,821.99, reflecting stable financial leverage[29] Cash Flow - The company reported a cash flow from operating activities of -¥6,893,368.94 for the year-to-date[6] - Cash flow from operating activities showed a net outflow of ¥6,893,368.94, an improvement from a net outflow of ¥11,105,525.52 in the same period last year[25] - Cash flow from investing activities resulted in a net outflow of ¥13,776,576.95, compared to a larger outflow of ¥62,815,418.10 in 2024[26] - Cash flow from financing activities recorded a net outflow of ¥71,469,853.79, worsening from a net outflow of ¥53,305,318.97 in the previous year[26] - The ending cash and cash equivalents balance was ¥103,717,134.66, compared to ¥99,156,277.97 at the end of the same period last year[26] - In the first three quarters of 2025, the net cash flow from operating activities was approximately $213.92 million, an increase of 32.3% compared to $161.73 million in the same period of 2024[35] - Total cash inflow from operating activities in 2025 was $1.16 billion, up from $1.08 billion in 2024, reflecting a growth of 7.4%[35] - Cash outflow for financing activities in 2025 totaled $375.78 million, compared to $249.68 million in 2024, representing a 50.5% increase[36] - The ending cash and cash equivalents balance for 2025 was $42.80 million, up from $32.22 million in 2024, showing a 32.6% increase[36] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,107[13] - The largest shareholder, Jinjiang Shuhua Investment Development Co., Ltd., holds 266,983,760 shares, accounting for 65.24% of total shares[13] Research and Development - R&D expenses increased by 36.54% year-on-year, indicating a focus on innovation and product development[11] - Research and development expenses rose to ¥40,463,809.86, representing a 36.6% increase from ¥29,635,539.62 in the previous year[21] - Research and development expenses increased significantly to ¥32,751,046.02, up from ¥21,147,685.44, highlighting the company's commitment to innovation[32] Inventory and Receivables - The company reported a decrease in inventory to 283,947,904.42 RMB as of September 30, 2025, from 235,287,813.85 RMB at the end of 2024[16] - The company reported a decrease in accounts receivable to ¥204,484,738.25 from ¥260,143,753.81, suggesting improved collection efficiency[28] Market Strategy - The company has shown a strategic focus on expanding its market presence, as evidenced by the increase in prepayments to ¥87,572,732.76 from ¥37,612,882.12[28]

Group 1 - The core viewpoint of the article is that Shuhua Sports (605299.SH) reported its third-quarter results, showing a mixed performance with revenue growth but a decline in net profit [1] Group 2 - The company achieved a revenue of 1 billion yuan in the first three quarters, representing a year-on-year increase of 11.49% [1] - The net profit attributable to shareholders of the listed company was 35.55 million yuan, reflecting a year-on-year decrease of 30.04% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 32.917 million yuan, which is a year-on-year decline of 3.78% [1]

Core Insights - The company reported third-quarter revenue of 393 million yuan, representing a year-on-year increase of 18.30% [1] - The net profit for the third quarter was 15.3753 million yuan, showing a year-on-year growth of 23.70% [1] - For the first three quarters, the total revenue reached 1.008 billion yuan, reflecting a year-on-year increase of 11.49% [1] - However, the net profit for the first three quarters was 35.5548 million yuan, which is a year-on-year decline of 30.04% [1]