Core Viewpoint - Guanshi Technology (605588.SH) reported a total operating revenue of 1.026 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 3% [1] Financial Performance - The net profit attributable to shareholders of the parent company was -18.81 million yuan, compared to a net profit of 11.72 million yuan in the same period last year [1] - The basic earnings per share were -0.26 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was CNY 334,749,188.89, a decrease of 1.44% compared to the same period last year[4] - The total profit for the year-to-date period was CNY -37,915,635.99, reflecting a significant decline of 900.71% year-on-year[4] - The net profit attributable to shareholders for the third quarter was CNY -6,631,138.13, marking a year-on-year decrease of 260.50%[4] - The company's net profit for the current period is -¥18,810,616.81, compared to a net profit of ¥11,720,277.68 in the same period last year, indicating a significant decline[21] - Operating profit has decreased to -¥37,640,766.47 from ¥4,782,153.26 year-over-year, reflecting a challenging operational environment[21] - The company reported a total comprehensive income of -¥18,897,942.82, compared to ¥11,670,138.34 in the same period last year, indicating a substantial decline in overall financial performance[22] - Basic and diluted earnings per share are both -¥0.26, compared to ¥0.16 in the previous year, highlighting a negative impact on shareholder value[22] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 135,816,636.50, an increase of 237.28% compared to the previous year[5] - Cash and cash equivalents as of September 30, 2025, were RMB 515,404,215.73, down from RMB 706,639,751.63 at the end of 2024, representing a decrease of 27%[14] - The net cash flow from operating activities has improved to ¥135,816,636.50 from ¥40,268,022.68 year-over-year, indicating better cash management[25] - Cash and cash equivalents at the end of the period stand at ¥318,732,498.55, down from ¥446,034,097.06 at the end of the previous year[26] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were RMB 1,077,859,584.93, up from RMB 996,186,315.66 in 2024, reflecting a year-on-year increase of 8.2%[20] - Operating costs included RMB 971,326,935.74 in operating expenses for 2025, compared to RMB 890,494,714.47 in 2024, indicating a rise of 9.1%[20] - The company incurred financial expenses of ¥21,685,638.64, significantly higher than ¥11,482,441.05 in the previous year, primarily due to increased interest expenses[21] - Research and development expenses decreased to ¥33,047,484.65 from ¥41,835,654.95, reflecting a strategic shift in resource allocation[21] Shareholder Information - The company has a total of 14,546 common shareholders at the end of the reporting period[11] - The largest shareholder, Zhang Jianwei, holds 57.35% of the shares, totaling 42,133,333 shares[11] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,959,340,840.71, representing a 3.79% increase from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 2,959,340,840.71, compared to RMB 2,851,168,167.03 at the end of 2024, showing an increase of 3.8%[16] - Total liabilities as of September 30, 2025, were RMB 1,935,297,445.60, up from RMB 1,810,047,488.36 in 2024, reflecting an increase of 6.9%[17] - Non-current assets totaled RMB 1,682,551,663.82 as of September 30, 2025, compared to RMB 1,455,774,512.40 at the end of 2024, indicating a growth of 15.6%[16] - The company's equity attributable to shareholders was RMB 1,024,043,395.11 as of September 30, 2025, slightly down from RMB 1,041,120,766.13 in 2024, a decrease of 1.6%[17] Strategic Focus - The decline in net profit was attributed to ongoing construction of the Ningbo Guanshi photomask manufacturing project and increased depreciation expenses as projects transition to fixed assets[9] - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[20] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[20] - Investment activities resulted in a net cash outflow of -¥406,763,980.94, compared to -¥889,751,769.29 in the previous year, suggesting a reduction in investment expenditures[26] - The company reported a significant increase in government subsidies, contributing to the improved cash flow from operating activities[10]

Core Insights - The company reported a third-quarter revenue of 335 million yuan, representing a year-on-year decline of 1.44% [1] - The net profit for the third quarter was a loss of 6.63 million yuan [1] - For the first three quarters, the company achieved a revenue of 1.026 billion yuan, which is a year-on-year increase of 3.00% [1] - The net profit for the first three quarters was a loss of 18.81 million yuan [1] Financial Performance - Third-quarter revenue: 335 million yuan, down 1.44% year-on-year [1] - Third-quarter net profit: loss of 6.63 million yuan [1] - Year-to-date revenue (first three quarters): 1.026 billion yuan, up 3.00% year-on-year [1] - Year-to-date net profit (first three quarters): loss of 18.81 million yuan [1]

Core Viewpoint - Nanjing Guanshi Technology Co., Ltd. has announced the repurchase and cancellation of part of the restricted stock from its 2023 incentive plan due to unmet performance targets and the departure of an incentive object [1][7][14]. Group 1: Decision Process and Disclosure - The board and supervisory board approved the repurchase of restricted stocks at meetings held on October 24, 2025, following the authorization from the first extraordinary shareholders' meeting in 2023 [1][3][19]. - The incentive plan was initially approved on July 27, 2023, with independent directors and legal opinions supporting the decisions made [2][3][4]. Group 2: Repurchase Details - The company will repurchase a total of 192,720 shares at a price of RMB 22.60 per share, amounting to a total cost of RMB 4,355,472.00, funded by the company's own resources [10][11]. - The repurchase is due to the failure to meet performance targets for the year 2024, which resulted in the cancellation of shares for 26 incentive objects [8][14]. Group 3: Impact on Share Structure - Following the repurchase, the total number of shares will decrease from 73,468,201 to 73,275,481, without affecting the controlling shareholder or the company's compliance with listing conditions [11][12][25]. Group 4: Supervisory Board Opinion - The supervisory board has confirmed that the repurchase aligns with relevant regulations and does not harm the interests of the company or its shareholders [14][30].

Group 1 - The core point of the article is that Guanshi Technology announced a board meeting to discuss the repurchase and cancellation of part of the restricted stock incentive plan for 2023 [1] - For the year 2024, Guanshi Technology's revenue composition is as follows: manufacturing accounts for 92.16%, trade accounts for 7.65%, and other businesses account for 0.19% [1] - As of the report date, Guanshi Technology has a market capitalization of 4 billion yuan [1] Group 2 - The article highlights that the Chinese innovative drug sector has sold overseas authorizations worth 80 billion USD this year [1] - There is a discussion on the hot secondary market for biomedicine, while the primary market is facing challenges in fundraising [1]

本次会议审议通过了如下议案： 一、关于回购注销公司 2023 年限制性股票激励计划部分限制性股票的议案 同意 3 票，反对 0 票，弃权 0 票。 证券代码：605588 证券简称：冠石科技 公告编号：2025-061 南京冠石科技股份有限公司 第二届监事会第二十四次会议决议公告 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。 南京冠石科技股份有限公司（以下简称"公司"）第二届监事会第二十四次 会议于 2025 年 10 月 24 日在公司 3 层会议室以现场方式召开，会议通知和会议 文件于 2025 年 10 月 20 日以书面方式发出。本次会议应出席监事 3 名，实际出 席监事 3 名。公司部分高级管理人员列席了会议。会议由公司监事会主席杜宏胜 主持。会议符合《中华人民共和国公司法》及《公司章程》的规定，表决所形成 的决议合法、有效。 2025 年 10 月 25 日 监事会认为，公司监事会对本次回购注销 2023 年限制性股票激励计划部分 限制性股票相关事项进行认真核查后认为：根据《上市公司股权激励管理办法》 《南京冠石 ...

证券代码：605588 证券简称：冠石科技 公告编号：2025-060 南京冠石科技股份有限公司 第二届董事会第二十九次会议决议公告 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、准确性和完整性承担法律责任。 南京冠石科技股份有限公司（以下简称"公司"）第二届董事会第二十九次 会议于 2025 年 10 月 24 日在公司 3 层会议室以现场方式召开，会议通知和会议 文件于 2025 年 10 月 20 日以书面方式发出。本次会议应出席董事 5 名，实际出 席董事 5 名。公司部分监事及高级管理人员列席了会议。会议由公司董事长张建 巍主持。会议的召开符合《中华人民共和国公司法》及《公司章程》的规定，表 决所形成的决议合法、有效。 本次会议审议通过了如下议案： 一、关于回购注销公司 2023 年限制性股票激励计划部分限制性股票的议案 同意 4 票，反对 0 票，弃权 0 票。关联董事张建巍回避表决。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）发布的《关 于回购注销 2023 年限制性股票激励计划部分限制性股票的公告》。 本议案 ...

南京冠石科技股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召 开第二届董事会第二十九次会议和第二届监事会第二十四次会议，审议通过了 《关于回购注销 2023 年限制性股票激励计划部分限制性股票的议案》。 根据《上市公司股权激励管理办法》《南京冠石科技股份有限公司 2023 年 限制性股票激励计划》（草案）的规定，公司将回购注销 1 名离职的激励对象已 获授但尚未解除限售的限制性股票及第二个解除限售期激励对象已获授但不满 足解除限售条件的限制性股票。公司本次拟回购注销部分限制性股票 192,720 股， 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《关于 回购注销 2023 年限制性股票激励计划部分限制性股票的公告》。 本次回购注销完成后，公司股份总数将由 73,468,201 股减少至 73,275,481 股。 公司本次回购注销部分限制性股票将涉及注册资本减少，根据《中华人民共 和国公司法》和《公司章程》等相关规定，公司特此通知债权人，债权人自本公 告之日起 45 日内，有权要求公司清偿债务或者提供相应的担保。债权人如果提 出要求公司清偿债务的，应根据 ...

南京冠石科技股份有限公司 关于回购注销 2023 年限制性股票激励计划 部分限制性股票的公告 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。 南京冠石科技股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召 开第二届董事会第二十九次会议和第二届监事会第二十四次会议，分别审议通过 《关于回购注销 2023 年限制性股票激励计划部分限制性股票的议案》，同意公 司回购注销 2023 年限制性股票激励计划（以下简称"本次激励计划"）部分限 制性股票，本次回购注销事项已经公司 2023 年第一次临时股东大会的授权，无 需提交公司股东大会审议，现将相关事项公告如下： 一、本激励计划已经履行的决策程序和信息披露情况 证券代码：605588 证券简称：冠石科技 公告编号：2025-063 1、2023 年 7 月 27 日，公司第二届董事会第六次会议审议通过了《关于公 司 2023 年限制性股票激励计划（草案）及摘要的议案》《关于公司 2023 年限制 性股票激励计划实施考核管理办法的议案》《关于提请股东大会授权董事会办理 ...

北京市金杜（南京）律师事务所 关于南京冠石科技股份有限公司 2023年限制性股票激励计划回购注销部分限制性股票的 法律意见书 致：南京冠石科技股份有限公司 北京市金杜（南京）律师事务所（以下简称金杜或本所）受南京冠石科技股份有限公 司（以下简称公司或冠石科技）委托，作为公司2023年限制性股票激励计划（以下简称 本次激励计划或本激励计划）的专项法律顾问，根据《中华人民共和国公司法》（以下简 称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、中国证券监督管 理委员会（以下简称中国证监会）《上市公司股权激励管理办法（2018修正）》《上市 公司股权激励管理办法（2025修正）》1（以下合称《管理办法》）等法律、行政法规、 部门规章及规范性文件（以下简称法律法规）和《南京冠石科技股份有限公司章程》（以 下简称《公司章程》）、《南京冠石科技股份有限公司2023年限制性股票激励计划（草 案）》（以下简称《激励计划（草案）》）的有关规定，就公司本激励计划部分激励对象 已获授但尚未解除限售的限制性股票回购注销（以下简称本次回购注销）所涉及的相关事 项，出具《北京市金杜（南京）律师事务所关于南京冠石科技股份有限 ...