Group 1 - Dongsheng Technology has achieved bulk supply of solid-state battery materials exceeding 20 tons, indicating a significant breakthrough in the field [1] - The high-nickel multi-materials for solid-state batteries have performance metrics (cycle life, capacity) approaching those of liquid batteries, with energy density surpassing 400 Wh/kg [1] - This advancement positions Dongsheng Technology to benefit from the commercialization wave of solid-state batteries [1] Group 2 - Tiannai Technology reported a third-quarter revenue of 347 million yuan, a year-on-year decline of 11.79%, while net profit attributable to shareholders increased by 18.26% to 79.35 million yuan [2] - For the first three quarters, Tiannai's revenue was 1 billion yuan, down 3.79%, but net profit grew by 7.39% to 196 million yuan, showcasing resilience against industry fluctuations [2] - The company's ability to enhance profitability amid increasing competition lays a solid foundation for future performance improvement [2] Group 3 - Guoxuan High-Tech disclosed a third-quarter revenue of 10.11 billion yuan, a year-on-year increase of 20.68%, with net profit soaring by 1434.42% to 2.167 billion yuan [3] - For the first three quarters, revenue reached 29.508 billion yuan, up 17.21%, while net profit surged by 514.35% to 2.533 billion yuan [3] - The substantial profit increase is partly attributed to the significant fair value change of early investments in Chery Automobile, which recently went public [3]

Core Points - The company, Jiangsu Tiannai Technology Co., Ltd., held its 26th meeting of the third board of directors on October 24, 2025, where several key resolutions were passed, including the approval of the third vesting period of the 2022 restricted stock incentive plan [8][12][13] - The company confirmed that the quarterly report for Q3 2025 accurately reflects its financial status and operational results, with no false records or significant omissions [13][14] - A total of 15,895 shares are set to vest under the incentive plan, with the vesting conditions met for four eligible participants [9][37] Financial Data - The financial statements for Q3 2025 were not audited, and the company provided key financial data in RMB [3][7] - The company reported that there were no significant changes in major accounting data and financial indicators during the reporting period [5] Stock Incentive Plan - The company decided to cancel 8,673 shares of restricted stock due to three participants not meeting the performance criteria [12][31][32] - The vesting conditions for the third period of the 2022 restricted stock incentive plan were deemed fulfilled, allowing for the issuance of shares to eligible participants [36][37] Investor Communication - An investor performance briefing is scheduled for November 26, 2025, to discuss the Q3 2025 results and address investor inquiries [16][17][18] - Investors can submit questions in advance through the designated channels before the briefing [20][21]

Core Viewpoint - Tianai Technology reported a decline in revenue for Q3 2025, while net profit showed an increase year-on-year [1] Financial Performance - Q3 revenue was 347 million yuan, a year-on-year decrease of 11.79% [1] - Q3 net profit attributable to shareholders was 79.35 million yuan, a year-on-year increase of 18.26% [1] - Revenue for the first three quarters was 1 billion yuan, a year-on-year decrease of 3.79% [1] - Net profit for the first three quarters was 196 million yuan, a year-on-year increase of 7.39% [1]

Core Viewpoint - Tianai Technology (688116.SH) reported a decline in revenue for Q3 2025, while net profit showed growth, indicating mixed financial performance [1] Financial Performance - The company's operating revenue for the period of July to September 2025 was RMB 347 million, a year-on-year decrease of 11.79% [1] - The net profit attributable to shareholders of the listed company was RMB 79.35 million, reflecting a year-on-year increase of 18.26% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 69.36 million, which represents a year-on-year growth of 7.04% [1] - Basic earnings per share stood at RMB 0.22 [1]

一、董事会会议召开情况 江苏天奈科技股份有限公司（以下简称"公司"或"天奈科技"）第三届董 事会第二十六次会议（以下简称"本次会议"）于 2025 年 10 月 24 日在公司会议 室以现场及通讯方式召开，本次会议通知及相关材料已于 2025 年 10 月 22 日以 电子邮件方式送达全体董事，全体董事一致同意豁免本次董事会的提前通知期 限，对董事会的召集及召开无异议。本次会议应出席董事 9 人，实际出席董事 9 人，公司高级管理人员列席了会议。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律、法规、规章、规范性文件和《江苏天奈科技股份 有限公司章程》《江苏天奈科技股份有限公司董事会议事规则》的有关规定。 二、董事会会议审议情况 经与会董事表决，审议通过以下议案： | 证券代码：688116 | 证券简称：天奈科技 | 公告编号：2025-081 | | --- | --- | --- | | 转债代码：118005 | 债券简称：天奈转债 | | 江苏天奈科技股份有限公司 第三届董事会第二十六次会议决议公告 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， ...

Core Insights - TianNai Technology (688116.SH) reported a revenue of 1 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 3.79% [1] - The net profit attributable to shareholders of the listed company was 196 million yuan, showing a year-on-year increase of 7.39% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 173 million yuan, reflecting a year-on-year decrease of 1.79% [1] - The basic earnings per share stood at 0.55 yuan [1]

Revenue and Profit - Revenue for the third quarter was CNY 347,306,742, a decrease of 11.79% compared to the same period last year[4] - Total profit for the quarter reached CNY 90,074,713, an increase of 20.59% year-over-year[4] - Net profit attributable to shareholders was CNY 79,354,432, reflecting an 18.26% increase compared to the previous year[4] - Total operating revenue for the first three quarters of 2025 was approximately CNY 1,000.91 million, a decrease of 3.2% compared to CNY 1,040.35 million in the same period of 2024[19] - Operating profit increased to approximately CNY 224.48 million in 2025, up by 8.1% from CNY 207.76 million in 2024[20] - Net profit for the first three quarters of 2025 was approximately CNY 195.88 million, an increase of 7.8% compared to CNY 181.63 million in 2024[20] - The total comprehensive income for the period was reported at 218,808,587.45 RMB, compared to 185,555,991.44 RMB in the previous period[29] Assets and Liabilities - Total assets at the end of the quarter were CNY 5,773,699,505.83, representing a 12.36% increase from the end of the previous year[5] - The company's total current assets amounted to CNY 2,970,351,124.85, up from CNY 2,472,057,947.44, indicating a growth of about 20.1%[14] - The company's total liabilities decreased to CNY 1,988,253,948.47 from CNY 2,175,345,370.36, a reduction of about 8.6%[16] - The total assets as of September 30, 2025, amounted to CNY 5,205,274,283.96, up from CNY 4,417,590,782.26 at the end of 2024, reflecting a growth of 17.8%[27] - The total liabilities decreased to CNY 1,489,476,518.01 as of September 30, 2025, compared to CNY 1,610,315,259.74 at the end of 2024, indicating a reduction of 7.5%[27] Shareholders' Equity - Shareholders' equity attributable to the company was CNY 3,775,861,437.55, up 30.34% compared to the previous year[5] - The equity attributable to shareholders increased to CNY 3,775,861,437.55 from CNY 2,896,842,941.63, marking a significant increase of approximately 30.4%[16] - The company's total equity increased to CNY 3,715,797,765.95 as of September 30, 2025, compared to CNY 2,807,275,522.52 at the end of 2024, reflecting a growth of 32.3%[27] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 122,277,200.38, an increase of 65.36%[4][9] - Cash flow from operating activities generated a net amount of approximately CNY 122.28 million in 2025, significantly up from CNY 73.95 million in 2024, marking a growth of 65.2%[23] - Total cash inflow from operating activities increased to 982,018,994.10 RMB in 2025 from 935,323,070.17 RMB in 2024, reflecting a growth of approximately 5.5%[31] - Cash outflow from investing activities was 1,937,081,006.75 RMB in 2025, up from 1,533,309,086.05 RMB in 2024, indicating an increase of about 26.4%[32] - Net cash flow from financing activities improved significantly to 792,066,337.03 RMB in 2025, compared to a negative cash flow of -248,213,601.02 RMB in 2024[32] Research and Development - Research and development expenses totaled CNY 27,951,742.64, accounting for 8.05% of revenue, an increase of 0.53 percentage points[5] - Research and development expenses for the first three quarters of 2025 were approximately CNY 76.97 million, slightly down from CNY 80.05 million in 2024, a decrease of 3.8%[19] - The company's R&D expenses for the first three quarters of 2025 were CNY 55,751,020.69, down from CNY 65,835,157.61 in the same period of 2024, a decrease of 15.4%[28] Inventory and Receivables - The company's accounts receivable decreased to CNY 428,691,931.90 from CNY 567,376,543.58, a decline of about 24.5%[14] - The company reported a total inventory of CNY 222,854,153.91, which is an increase from CNY 207,156,378.39, reflecting a growth of approximately 7.6%[14] - The company's inventory as of September 30, 2025, was CNY 212,809,095.16, an increase from CNY 195,375,755.80 in the previous year, indicating a growth of 8.3%[26] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 520,734,607.40 from CNY 615,274,438.47, reflecting a decline of approximately 15.3%[14] - The company's cash and cash equivalents at the end of the reporting period were CNY 281,357,569.52, a slight decrease from CNY 275,984,710.70 in the previous year[24] - Cash and cash equivalents at the end of the period decreased to 131,640,319.74 RMB in 2025 from 134,959,178.53 RMB in 2024[32] Other Financial Metrics - The basic earnings per share for the quarter was CNY 0.22, unchanged from the previous quarter[5] - The weighted average return on equity was 2.10%, a decrease of 0.19 percentage points compared to the previous year[5] - The company reported non-recurring gains of CNY 9,993,186.87 for the quarter[8] - The company reported a tax expense of approximately CNY 28.69 million in 2025, compared to CNY 25.20 million in 2024, an increase of 9.9%[20] - Other comprehensive income after tax for 2025 was approximately -CNY 2.64 million, an improvement from -CNY 5.28 million in 2024[20] - The company has not adopted new accounting standards for the year 2025[33]

Core Viewpoint - Tianai Technology (688116.SH) reported a decline in revenue for the first three quarters of 2025, while net profit showed growth, indicating mixed financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 1 billion yuan, a year-on-year decrease of 3.79% [1] - Net profit attributable to shareholders was 196 million yuan, reflecting a year-on-year increase of 7.39% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 173 million yuan, a year-on-year decrease of 1.79% [1] - Basic earnings per share were 0.55 yuan [1]

| 证券代码：688116 | 证券简称：天奈科技 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：118005 | 债券简称：天奈转债 | | 江苏天奈科技股份有限公司 关于作废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、准确性和完整性依法承担法律责任。 江苏天奈科技股份有限公司（以下简称"天奈科技"或"公司"）于2025年10 月24日召开第三届董事会第二十六次会议，审议通过了《关于作废部分限制性股票 的议案》，同意根据《2022年限制性股票激励计划（草案）》（以下简称"《2022年 激励计划》"）的有关规定，对8,673股已授予尚未归属的部分限制性股票作废失效处 理。具体情况如下： 一、公司《2022 年激励计划》的基本情况 1、2022 年 6 月 24 日，公司召开第二届董事会第十八次会议，会议审议通过了《关 于公司<2022 年限制性股票激励计划（草案）>及其摘要的议案》、《关于公司<2022 年限制性股票激励计划实施考核管理办法>的议案》、《关于提请公司股东大会授权 董事会办 ...

江苏天奈科技股份有限公司(以下简称"公司")董事会薪酬与考核委员会 依据《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》")、《上市公司股权激励管理办法》(以下简称"《管理 办法》")、《上海证券交易所科创板股票上市规则》(以下简称"《上市规则》")、 《科创板上市公司自律监管指南第4号 -- 股权激励信息披露》等相关法律、法 规及规范性文件和《江苏天奈科技股份有限公司章程》(以下简称"《公司章程》") 的有关规定,对公司《江苏天奈科技股份有限公司 2022年限制性股票激励计划 (草案)》(以下简称"激励计划")预留授予部分第三个归属期符合归属条件的 激励对象名单进行了核查,发表核查意见如下: 江苏天奈科技股份有限公司 董事会薪酬与考核委员会关于 2022 年限制性股票激励计划 预留授予部分第三个归属期归属名单的核查意见 2025 年 10 月 24 日 1 (此页无正文,为江苏天奈科技股份有限公司董事会薪酬与考核委员会关于 2022 年限制性股票激励计划预留授予部分第三个归属期归属名单的核查意见签 署页) 出席会议委员签字: 135 何灏: 江苏天奈科技股 ...