关于召开 2025 年第三季度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 12 月 1 日（星期一）10:00-11:00 证券代码：605555 证券简称：德昌股份 公告编号：2025-043 宁波德昌电机股份有限公司 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 12 月 1 日（星期一）10:00-11:00 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 三、参加人员 董事长兼总经理：黄裕昌先生 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 24 日（星期一）至 11 月 28 日（星期五）前登 ...

宁波德昌电机股份有限公司 证券代码：605555 证券简称：德昌股份 公告编号：2025-042 第二届监事会第十五次会议决议公告 本公司监事会及全体监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。 重要内容提示： 一、监事会会议召开情况 宁波德昌电机股份有限公司（以下简称"公司"）第二届监事会第十五次会 议于 2025 年 10 月 29 日在公司会议室以现场结合通讯方式召开。本次监事会已 于 2025 年 10 月 25 日以电子邮件、电话等方式通知全体监事。会议由监事会主 席朱巧芬主持，应出席监事 3 名，实际出席监事 3 名。本次会议的召集和召开符 合《公司法》等有关法律法规及《公司章程》的规定。 二、监事会会议审议情况 1、审议通过《2025 年第三季度报告》 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）披露的 《2025 年第三季度报告》。 监事会审核并发表意见如下：监事会对董事会编制的公司《2025 年第三季 度报告》进行了认真审核，认为： （1）公司 2025 年第三季度报告的编制和审议程序符合相关法律 ...

证券代码：605555 证券简称：德昌股份 公告编号：2025-041 宁波德昌电机股份有限公司（以下简称"公司"）第二届董事会第二十次会 议于2025年10月29日以现场结合通讯方式在公司会议室召开。本次董事会已于 2025年10月25日以电子邮件、电话等方式通知全体董事、监事、高级管理人员。 会议由董事长黄裕昌先生主持，会议应出席董事7人，实际出席董事7人。本次会 议的召集和召开符合《公司法》等有关法律法规及《公司章程》、《董事会议事 规则》的规定。 二、董事会会议审议情况 1、审议通过《2025年第三季度报告》 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）披露的 《2025 年第三季度报告》。 本议案已经公司 2025 年第六次董事会审计委员会会议审议通过，同意提交 董事会审议。 表决情况：7 票同意，0 票弃权，0 票反对。 宁波德昌电机股份有限公司 第二届董事会第二十次会议决议公告 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。 重要内容提示： 一、董事会会议召开情况 本次会议应出席董事7名 ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 1,220,494,601.40, representing an increase of 8.54% year-over-year[3]. - The total profit for the period decreased by 47.93% to CNY 53,381,670.02, while the net profit attributable to shareholders fell by 45.76% to CNY 51,227,001.17[3][7]. - The net profit excluding non-recurring gains and losses for Q3 2025 was CNY 50,684,752.78, down 44.38% year-over-year[3][8]. - Total operating revenue for the first three quarters of 2025 reached ¥3,288,050,831.32, an increase of 10.1% compared to ¥2,986,808,837.66 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was ¥161,957,452.35, a decrease of 46.4% from ¥301,567,266.86 in the same period of 2024[19]. - The company's operating profit for the first three quarters of 2025 was ¥176,878,446.02, down 46.6% from ¥331,430,073.83 in 2024[18]. - Earnings per share for the first three quarters of 2025 were ¥0.33, compared to ¥0.62 in the same period of 2024[20]. - The company reported a total comprehensive income of ¥139,052,294.27 for the first three quarters of 2025, down from ¥292,082,132.48 in 2024[19]. Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline of 95.29%, amounting to CNY 12,380,963.61 year-to-date[3][8]. - Cash flow from operating activities for the first three quarters of 2025 was ¥12,380,963.61, a significant decrease from ¥262,716,738.41 in 2024[20]. - The company has seen a significant reduction in cash flow due to fluctuations in earnings and increased operational capital investments[8]. - The company reported a decrease in cash and cash equivalents from CNY 1,255,126,077.63 to CNY 710,918,425.31, suggesting potential liquidity concerns[13]. - The ending balance of cash and cash equivalents decreased to 573,990,258.29 CNY from 1,082,039,413.97 CNY, reflecting a significant reduction in liquidity[21]. - The net cash flow from financing activities was -299,715,594.73 CNY, compared to -94,618,270.44 CNY previously, indicating increased financial strain[21]. Assets and Liabilities - The company's total assets increased slightly by 0.57% to CNY 5,242,364,612.50 compared to the end of the previous year[4]. - Current assets decreased to CNY 3,213,562,679.39 from CNY 3,403,070,437.32, primarily due to a reduction in cash and cash equivalents[13]. - Accounts receivable increased to CNY 1,422,012,602.53, up from CNY 1,270,190,338.25, indicating improved sales performance[13]. - Inventory rose significantly to CNY 871,715,105.65 from CNY 575,079,976.46, reflecting increased production or stockpiling[13]. - Total liabilities increased slightly to CNY 2,141,026,226.67 from CNY 2,118,733,593.52, indicating stable financial leverage[14]. - The total liabilities of the company as of the reporting date were ¥2,224,022,271.28, slightly up from ¥2,202,846,027.47 in the previous year[15]. - The total equity attributable to shareholders reached ¥3,018,342,341.22, a marginal increase from ¥3,009,616,326.95 in 2024[15]. Operational Insights - The decline in profits was primarily attributed to pricing pressures and exchange rate losses in the U.S. market[7]. - The company reported a comprehensive gross margin increase of 1.77 percentage points compared to the previous quarter[4]. - Research and development expenses for the first three quarters of 2025 amounted to ¥122,725,427.91, an increase of 25.9% from ¥97,509,358.84 in 2024[18]. - The company has not reported any significant changes in major shareholders or their holdings during the reporting period[12]. - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[12]. Investment Activities - Net cash flow from investment activities was -329,865,298.95 CNY, compared to -190,780,314.05 CNY in the previous period, indicating a decline in investment performance[21]. - Cash inflow from investment activities totaled 1,673,254,875.82 CNY, down from 2,245,641,236.82 CNY, indicating a decrease in investment returns[21]. - Cash outflow for capital expenditures was 468,104,043.17 CNY, slightly up from 444,721,550.87 CNY, showing continued investment in fixed assets[21]. Accounting Standards - The company did not adopt new accounting standards starting from 2025, maintaining consistency in financial reporting[22].

Market Overview - On October 23, the small home appliance sector rose by 0.02% compared to the previous trading day, with Rainbow Group leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Key stocks in the small home appliance sector showed varied performance, with Rainbow Group closing at 25.17, up 4.66%, and Lek Electric at 24.67, up 1.86% [1] - Other notable performers included Liren Technology at 27.44, up 1.70%, and Ousheng Electric at 26.13, up 0.85% [1] Trading Volume and Value - Rainbow Group had a trading volume of 156,000 shares and a transaction value of 386 million yuan [1] - Lek Electric recorded a trading volume of 130,000 shares with a transaction value of 316 million yuan [1] Capital Flow - The small home appliance sector experienced a net outflow of 101 million yuan from institutional investors, while retail investors saw a net inflow of approximately 89.85 million yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors [2] Individual Stock Capital Flow - Rainbow Group had a net inflow of 31.61 million yuan from institutional investors, while it faced a net outflow of 2.87 million yuan from retail investors [3] - Lek Electric saw a net inflow of 4.47 million yuan from institutional investors but a significant outflow of 19.97 million yuan from speculative funds [3]

Market Performance - The small home appliance sector increased by 0.2% compared to the previous trading day, with Beiyikang leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Highlights - Beiyikang (code: 6610Z6) closed at 39.75, with a significant increase of 11.28% and a trading volume of 39,800 shares, amounting to 153 million yuan [1] - Other notable performers included: - Jizhi Technology (code: 920926) with a closing price of 19.62, up 3.54% [1] - Rainbow Group (code: 003023) at 24.80, up 3.33% [1] - Beiqingsong (code: 688793) at 28.67, up 2.54% [1] Capital Flow - The small home appliance sector experienced a net outflow of 46.53 million yuan from institutional investors, while retail investors saw a net inflow of 27.27 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Stone Technology (code: 688169) had a net inflow of 8.92 million yuan from institutional investors, but a net outflow of 18.99 million yuan from retail investors [3] - Other stocks like Fuhua Co. (code: 603219) and ST Dehao (code: 002005) also showed varied capital flows, with institutional inflows and retail outflows [3]

Market Overview - The small home appliance sector experienced a decline of 2.16% on October 17, with BeiYikang 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 stock performances included: - Rainbow Group (003023) rose by 9.99% to a closing price of 24.00, with a trading volume of 103,000 shares and a turnover of 240 million [1] - BeiYikang (6610ZG) fell by 7.39% to a closing price of 35.72, with a trading volume of 24,600 shares and a turnover of approximately 90.78 million [2] - Other companies like Supor (002032) and Joyoung (002242) showed minimal changes, with slight declines of 0.02% and 1.58% respectively [1][2] Capital Flow - The small home appliance sector saw a net outflow of 79.06 million from institutional investors, while retail investors contributed a net inflow of 66.28 million [2] - The capital flow for specific stocks indicated: - Rainbow Group had a net inflow of 81.11 million from institutional investors, while it faced a net outflow of 37.75 million from retail investors [3] - Other companies like Lek Electric (603355) and ST Dehao (002005) also experienced mixed capital flows, with varying degrees of institutional and retail investor activity [3]

Market Overview - The small home appliance sector experienced a decline of 1.29% on October 16, with Biyi Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Stock Performance - Notable gainers in the small home appliance sector included: - Dechang Co., Ltd. (605555) with a closing price of 17.22, up 4.30% and a trading volume of 128,700 shares [1] - ST Dehao (002005) closed at 2.38, up 2.15% with a trading volume of 102,700 shares [1] - Key decliners included: - Biyi Co., Ltd. (603215) closed at 20.70, down 4.43% with a trading volume of 82,200 shares [2] - Stone Technology (688169) closed at 179.00, down 2.92% with a trading volume of 40,900 shares [2] Capital Flow - The small home appliance sector saw a net outflow of 121 million yuan from main funds, while retail investors contributed a net inflow of 106 million yuan [2] - The detailed capital flow for selected stocks showed: - Dechang Co., Ltd. had a main fund net inflow of 23.91 million yuan, while retail investors had a net outflow of 20.03 million yuan [3] - Leike Electric (603355) experienced a main fund net inflow of 6.84 million yuan, with retail investors also seeing a net outflow of 10.12 million yuan [3]

Core Viewpoint - The Shanghai Composite Index closed at 3916.23 points, above the annual line, with a slight increase of 0.10% on the day, and the total trading volume of A-shares reached 1,948.66 billion yuan [1][2] Group 1: Market Performance - As of the latest close, 19 A-shares have surpassed the annual line, indicating positive market sentiment [1] - The stocks with the largest deviation rates include Shenglong Co., Changshan Beiming, and Youlide, with deviation rates of 9.96%, 3.76%, and 2.52% respectively [1] - The total trading volume for A-shares today was 1,948.66 billion yuan, reflecting active market participation [1] Group 2: Individual Stock Highlights - Shenglong Co. (603178) saw a daily increase of 10.00% with a turnover rate of 9.13% and a latest price of 21.45 yuan, resulting in a deviation rate of 9.96% [1] - Changshan Beiming (000158) increased by 9.98% with a turnover rate of 9.68%, latest price at 24.57 yuan, and a deviation rate of 3.76% [1] - Youlide (688628) experienced a 4.23% increase, with a turnover rate of 2.91%, latest price of 36.22 yuan, and a deviation rate of 2.52% [1]

Market Overview - The Shanghai Composite Index is at 3916.86 points, above the annual line, with a change of 0.12% [1] - The total trading volume of A-shares is 909.4 billion yuan [1] Stocks Breaking Annual Line - A total of 20 A-shares have surpassed the annual line today, with notable stocks including: - Shenglong Co., Ltd. (603178) with a deviation rate of 9.96% - Lege Co., Ltd. (300729) with a deviation rate of 2.14% - Jinguang Co., Ltd. (300510) with a deviation rate of 1.75% [1] Deviation Rate Rankings - The following stocks have the highest deviation rates after breaking the annual line: - Shenglong Co., Ltd. (603178): Today's change of 10.00%, turnover rate of 4.72%, latest price at 21.45 yuan [1] - Lege Co., Ltd. (300729): Today's change of 4.01%, turnover rate of 4.10%, latest price at 15.58 yuan [1] - Jinguang Co., Ltd. (300510): Today's change of 2.00%, turnover rate of 5.62%, latest price at 4.60 yuan [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the annual line include: - Changjiang Electric Power (600900): Today's change of 0.36%, latest price at 28.03 yuan, deviation rate of 0.01% [2] - Beiqi Blue Valley (600733): Today's change of 3.05%, latest price at 8.11 yuan, deviation rate of 0.03% [2] - Hongcheng Environment (600461): Today's change of 0.22%, latest price at 9.10 yuan, deviation rate of 0.05% [2]