Core Viewpoint - Puyuan Information has seen a stock price increase of 5.24%, reaching 27.50 CNY per share, with a total market capitalization of 2.566 billion CNY as of November 17 [1] Group 1: Company Overview - Puyuan Information Technology Co., Ltd. was established on March 26, 2003, and went public on December 4, 2019 [1] - The company is located in the Shanghai Free Trade Zone and provides software infrastructure and application development services to large and medium-sized users in various sectors including finance, government, energy, telecommunications, and manufacturing [1] - The revenue composition of the company is 84.68% from software infrastructure business and 15.32% from application development based on the software infrastructure [1] Group 2: Shareholder Information - Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) entered the top ten circulating shareholders of Puyuan Information in the third quarter, holding 1.2853 million shares, which is 1.38% of the circulating shares [2] - The ETF has a current scale of 12.319 billion CNY and has achieved a year-to-date return of 15.31%, ranking 3204 out of 4216 in its category [2] - Over the past year, the ETF has returned 3.9%, ranking 3618 out of 3956, and since its inception, it has returned 65.06% [2] Group 3: Fund Manager Information - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xucheng [3] - Chen Jianhua has a tenure of 12 years and 334 days, managing assets totaling 27.702 billion CNY, with the best fund return of 174.21% and the worst return of -49.65% during his tenure [3] - Cao Xucheng has been in the position for 180 days, managing assets of 35.182 billion CNY, with the best return of 77.15% and the worst return of -2.38% during his tenure [3]

Group 1 - The core viewpoint of the article is that the company's revenue decline in the third quarter is attributed to its strategic decision to reduce low-margin technical service businesses and focus on high-quality core businesses driven by products [2][3] Group 2 - The company reported a year-on-year decrease in operating revenue for the third quarter [2]

Core Viewpoint - Puyuan Information, a leading domestic software platform company, has shown a mixed performance in its financial results for Q3 2025, with revenue ranking low in the industry but maintaining a strong gross margin and low debt ratio [1][2][3]. Financial Performance - In Q3 2025, Puyuan Information achieved a revenue of 158 million, ranking 87th among 102 companies in the industry, while the industry leader, Shanghai Steel Union, reported revenue of 57.318 billion [2]. - The net profit for the same period was -44.0195 million, placing the company 67th in the industry, with the top performer, Desay SV, reporting a net profit of 1.805 billion [2]. Profitability and Debt - The company's debt-to-asset ratio stood at 11.03% in Q3 2025, down from 13.82% year-on-year and significantly lower than the industry average of 31.94% [3]. - Puyuan Information's gross margin was 50.68%, an increase from 44.08% year-on-year and above the industry average of 41.71% [3]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 20.94% to 8,558, while the average number of circulating A-shares held per shareholder decreased by 15.97% to 10,900 [5]. - New major shareholders include Huabao Zhongzheng Financial Technology Theme ETF and Furong Information Technology Mixed A, holding 1.2853 million and 1.0181 million shares, respectively [5]. Leadership Compensation - The chairman, Liu Yadong, received a salary of 436,100, a decrease of 59,500 from the previous year [4].

Group 1 - Core viewpoint: Puyuan Information's stock increased by 5.52% to 27.90 CNY per share, with a total market capitalization of 2.604 billion CNY as of October 31 [1] - Company overview: Puyuan Information Technology Co., Ltd. was established on March 26, 2003, and listed on December 4, 2019. The company provides software platforms and application development services primarily for large and medium-sized users in finance, government, energy, telecommunications, and manufacturing sectors [1] - Revenue composition: The company's main business revenue consists of 84.68% from software platform services and 15.32% from application development based on the software platform [1] Group 2 - Major shareholder: Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) entered the top ten circulating shareholders, holding 1.2853 million shares, which is 1.38% of the circulating shares [2] - Fund performance: The Huabao CSI Financial Technology Theme ETF has a total scale of 12.319 billion CNY, with a year-to-date return of 23.81% and a one-year return of 26.56% [2] - Fund manager details: The fund manager Chen Jianhua has a tenure of 12 years and 317 days, with a total fund size of 27.86 billion CNY and a best return of 179.54% during his tenure [3]

Core Insights - The company reported a total revenue of 158 million yuan for Q3 2025, ranking 99th among disclosed peers, which represents a decrease of 47.5 million yuan or 23.14% year-on-year [1] - The net profit attributable to shareholders was -44.02 million yuan, ranking 71st among peers [1] - The net cash flow from operating activities was -45.04 million yuan, ranking 61st among peers [1] Financial Metrics - The latest debt-to-asset ratio is 11.04%, an increase of 0.28 percentage points from the previous quarter [3] - The latest gross profit margin stands at 50.68% [3] - The return on equity (ROE) is -5.34%, ranking 88th among disclosed peers [3] - The diluted earnings per share (EPS) is -0.48 yuan, ranking 105th among peers [3] - The total asset turnover ratio is 0.17 times, a decrease of 0.05 times or 23.34% year-on-year, ranking 74th among peers [3] - The inventory turnover ratio is 2.14 times, down 0.37 times or 14.92% year-on-year [3] Shareholder Information - The number of shareholders is 8,558, with the top ten shareholders holding a total of 30.23 million shares, accounting for 32.39% of the total share capital [3] - The largest shareholder is Liu Yadong, holding 22.2 million shares [3] - Other notable shareholders include Yang Yubao (2.16 million shares) and China Construction Bank's fund (1.38 million shares) [3]

Core Viewpoint - Pu Yuan Information (688118.SH) reported a decline in revenue and a net loss for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 158 million yuan, representing a year-on-year decrease of 23.14% [1] - The net profit attributable to shareholders of the parent company was -44.02 million yuan, which is an improvement of 24.66 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.479 yuan [1]

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 10 月 31 日（星期五）至 11 月 6 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 info@primeton.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 证券代码：688118 证券简称：普元信息 公告编号：2025-035 普元信息技术股份有限公司 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 11 月 7 日（星期五）下午 16:00-17:00 副总经理：逯亚娟女士 普元信息技术股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日发布 公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第 ...

证券代码：688118 证券简称：普元信息 公告编号：2025-034 普元信息技术股份有限公司 关于变更公司注册资本、修订《公司章程》及 部分内部治理制度的公告 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。 普元信息技术股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开 第五届董事会第八次会议，审议通过了《关于变更公司注册资本、修订<公司章 程>及部分内部治理制度的议案》，现将相关内容公告如下： 根据上述情况，公司拟对《公司章程》进行相应修订，具体修订情况如下： | 序号 | | | | 修订前 | | | | | | | | | | 修订后 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 第 六 | 条 | 公 司 | 注 册 | 资 | 本 | 为 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Puyuan Information, indicating a significant decline in revenue and a net loss for the third quarter of 2025 [1] - Puyuan Information reported revenue of approximately 158 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 23.14% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 44.02 million yuan, with basic earnings per share reflecting a loss of 0.479 yuan [1] Group 2 - As of the report, Puyuan Information has a market capitalization of 2.5 billion yuan [1] - The article also notes a broader market context, mentioning that the A-share market has surpassed 4000 points, indicating a resurgence in the technology sector and a new "slow bull" market pattern [1]

Financial Performance - The company's operating revenue for the current period is CNY 58,595,151.93, representing a decrease of 20.07% compared to the same period last year[3] - The total profit for the current period is a loss of CNY 15,282,796.45, with a year-to-date loss of CNY 50,035,468.03, indicating a significant decline in profitability[3] - The net profit attributable to shareholders for the current period is a loss of CNY 14,387,352.54, with a year-to-date loss of CNY 44,019,464.82[3] - The company's basic and diluted earnings per share for the current period are both -CNY 0.156, with a year-to-date figure of -CNY 0.479[4] - Total operating revenue for the first three quarters of 2025 was ¥157,776,332.28, a decrease of 23.1% compared to ¥205,273,527.29 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was a loss of ¥44,019,464.82, an improvement from a loss of ¥68,684,078.55 in the same period of 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.479, compared to -¥0.748 in 2024[20] - The net loss for the first three quarters of 2025 was -35,942,699.22 RMB, an improvement from -50,015,000.64 RMB in the previous year[27] - The comprehensive income total was -35,942,699.22 RMB, an improvement from -50,015,000.64 RMB in the previous year[28] Cash Flow - The net cash flow from operating activities for the year-to-date period is -CNY 45,037,832.49, reflecting operational challenges[3] - The net cash flow from operating activities has increased by CNY 29,999,300.00 year-on-year, attributed to improved operational efficiency and reduced personnel costs[5] - Cash inflow from operating activities for the first three quarters of 2025 was ¥264,308,857.90, down from ¥298,670,364.38 in 2024[21] - Cash paid to employees for the first three quarters of 2025 was ¥210,362,098.55, a decrease from ¥270,013,717.93 in 2024[21] - The net cash flow from operating activities was -45,037,832.49 RMB, an improvement from -75,037,122.49 RMB year-over-year[22] - Total cash inflow from operating activities was 266,817,447.04 RMB, down 12.06% from 303,429,696.34 RMB in the previous year[30] - Cash outflow from operating activities totaled 294,029,922.01 RMB, a decrease of 21.2% compared to 373,017,672.87 RMB in the prior year[31] - The company’s financing activities generated a net cash flow of 4,569,024.69 RMB, compared to a negative cash flow of -11,980,513.41 RMB in the same period last year[31] Assets and Liabilities - The company's total assets at the end of the reporting period are CNY 926,766,445.00, down 5.42% from the end of the previous year[4] - Total current assets amount to ¥707,361,607.82, a decrease from ¥768,136,023.10 in the previous period[15] - Total assets amount to ¥926,766,445.00, down from ¥979,857,480.90[15] - Total non-current assets increased to ¥219,404,837.18 from ¥211,721,457.80[15] - The total liabilities as of the end of the reporting period were ¥102,268,274.68, down from ¥122,936,538.45 in the previous year[16] - Total equity attributable to shareholders was ¥824,498,170.32, a decrease from ¥856,920,942.45 in 2024[16] - Total assets decreased to 1,002,190,370.35 RMB from 1,094,811,566.19 RMB year-over-year[26] - Total liabilities decreased to 153,447,414.03 RMB from 221,722,603.34 RMB in the previous year[26] Research and Development - Research and development expenses totaled CNY 17,258,856.26 for the current period, accounting for 29.45% of operating revenue, an increase of 3.78 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were ¥50,060,161.21, down 22.1% from ¥64,203,729.55 in 2024[18] - Research and development expenses were 33,271,513.85 RMB, down from 49,495,758.67 RMB year-over-year[27] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,558[12] - Liu Yadong holds 20,752,809 shares, representing 22.24% of total shares[12] Investment Activities - The company reported a significant increase in contract liabilities to ¥33,850,607.13 from ¥25,055,603.55[15] - The company generated 232,951,798.08 RMB from sales of goods and services, a decrease of 12.24% from 265,289,900.17 RMB in the previous year[30] - The company received 700,000,000.00 RMB from investment recoveries, an increase from 607,000,000.00 RMB in the previous year[31] - The total cash outflow for investment activities was 765,235,816.55 RMB, significantly higher than 551,365,390.04 RMB in the same period last year[31] - The company reported a net cash flow from investment activities of -61,674,710.94 RMB, contrasting with a positive cash flow of 59,555,297.13 RMB in the same period last year[31]