Core Insights - Shanghai Zhuoran Engineering Technology Co., Ltd. (Zhuoran Co.) reported steady growth in its Q3 2025 performance, achieving a revenue of 599 million yuan, a year-on-year increase of 5.39%, and a net profit attributable to shareholders of 59.77 million yuan [1] - For the first three quarters of 2025, Zhuoran Co. accumulated a total revenue of 1.565 billion yuan and a net profit of 190 million yuan, reflecting a substantial year-on-year growth of 400.18% and a 74.55% increase in net profit attributable to shareholders [1] - The company's performance highlights its operational resilience in a complex market environment and underscores its potential for sustained growth, laying a solid foundation for achieving annual performance targets [1] Financial Performance - In Q3 2025, Zhuoran Co. achieved a revenue of 599 million yuan, marking a 5.39% increase year-on-year [1] - The net profit attributable to shareholders for Q3 reached 59.77 million yuan [1] - Cumulatively, for the first three quarters of 2025, the company reported a total revenue of 1.565 billion yuan and a net profit of 190 million yuan, with a year-on-year growth of 400.18% and a 74.55% increase in net profit attributable to shareholders [1] Strategic Adjustments - Zhuoran Co. announced a strategic adjustment by selling its stake in Zhuohe (Daishan) Energy Technology Co., which significantly increased asset disposal gains and had a temporary impact on revenue [2] - This transaction is seen as a key step in the company's strategy to focus on its core business segments and enhance asset efficiency [2] - By divesting non-core assets, the company aims to concentrate resources on areas with higher growth potential and strategic value, thereby strengthening its core competitiveness [2] Innovation and Recognition - Zhuoran Co. was recognized as a "specialized, refined, distinctive, and innovative" enterprise by the state, reflecting its deep expertise and innovative breakthroughs in the energy and chemical equipment sector [2] - The company achieved a significant milestone by obtaining 6 invention patents and 1 utility model patent in the current quarter, indicating ongoing investment in innovation [2] - This recognition marks Zhuoran Co.'s transition from "manufacturing" to "intelligent manufacturing," positioning it as a benchmark for high-quality development in its niche [2]

Core Insights - Zoran Co., Ltd. (688121.SH) released its Q3 2025 report on October 31, 2025, indicating a total of 10.4862 million A-shares held by four institutional investors, accounting for 4.49% of the total share capital [1] - The institutional holding ratio decreased by 1.46 percentage points compared to the previous quarter [1] Institutional Investors - Four institutional investors disclosed their holdings, including Qingdao Guotou Dingxing Private Fund Management Co., Ltd., Suzhou Yanying Investment Management Co., Ltd., China Construction Bank Co., Ltd., and Huashang Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A [1] - The total institutional holding ratio is now 4.49% [1] Public Funds - One new public fund was disclosed this period, namely Huashang Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A [1] - A total of 60 public funds were not disclosed this period, including Southern Junxin Flexible Allocation Mixed A, Tianhong Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A, and others [1] Social Security Funds - One social security fund was not disclosed this period, specifically the National Social Security Fund 602 Portfolio [1]

Group 1 - The core viewpoint of the article highlights that Zhuoran Co., Ltd. reported a revenue decline in the first three quarters of 2025, while net profit increased significantly [1] - Zhuoran Co., Ltd. achieved approximately 1.565 billion yuan in revenue for the first three quarters of 2025, representing an 18.8% year-on-year decrease [1] - The net profit attributable to shareholders of the listed company was approximately 59.56 million yuan, reflecting a year-on-year increase of 74.55% [1] Group 2 - As of the report, Zhuoran Co., Ltd. has a market capitalization of 3.1 billion yuan [2]

证券代码：688121 证券简称：卓然股份 公告编号：2025-049 上海卓然工程技术股份有限公司 关于取消监事会、修订《公司章程》并办理工商变更登 记以及修订、制定公司部分治理制度的公告 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。 上海卓然工程技术股份有限公司（以下简称 "卓然股份"或"公司"）于 2025 年 10 月 29 日召开了第三届董事会第二十四次会议、第三届监事会第二十二次会议， 审议通过了《关于取消监事会、修订<公司章程>并办理工商变更登记的议案》及 《关于修订、制定公司部分治理制度的议案》。现将有关事项公告如下： 一、取消监事会及废止相关制度的情况 根据《公司法》《上市公司章程指引（2025 年修订）》等有关法律法规的规定， 结合公司实际情况，公司将不再设置监事会和监事，监事会的职权由董事会审计委 员会行使。公司《监事会议事规则》等与监事或监事会有关的内部制度相应废止， 同时对《公司章程》及其附件、公司治理制度中相关条款亦作出相应修订。 二、公司章程修订情况 公司根据《中华人民共和国公司法》《中华人 ...

证券代码：688121 证券简称：卓然股份 公告编号：2025-050 上海卓然工程技术股份有限公司 关于召开2025年第三次临时股东大会的通知 本公司董事会及全体董事保证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。 召开地点：上海市长宁区福泉北路 505 号虹桥世茂睿选尚品酒店 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 11 月 17 日 14 点 00 分 网络投票起止时间：自2025 年 11 月 17 日 至2025 年 11 月 17 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年11月17日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 ...

证券代码：688121 证券简称：卓然股份 公告编号：2025-047 上海卓然工程技术股份有限公司 第三届监事会第二十二次会议决议公告 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、准确性和完整性依法承担法律责任。 上海卓然工程技术股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日，向全体监事发出了会议的通知。于 2025 年 10 月 29 日以现场表决方式召开 了第三届监事会第二十二次会议，会议应到监事 3 名，实到监事 3 名。本次会议 的召集、召开程序和方式符合《公司法》等法律法规以及《公司章程》的有关规 定，会议决议合法、有效。审议并一致通过了以下决议。 一、审议通过《关于<2025 年第三季度报告>的议案》 监事会意见：公司严格按照各项法律、法规、规章等的要求规范运作，公司 《2025 年第三季度报告》的编制和审议程序符合法律法规、《公司章程》和公 司内部管理制度的各项规定，能够客观、真实地反映公司 2025 年第三季度的经 营情况。公司《2025 年第三季度报告》公允反映了公司报告期内的财务状况和 经营成果，所包含的信息 ...

证券代码： 688121 证券简称：卓然股份 公告编号：2025-048 上海卓然工程技术股份有限公司 第三届董事会第二十四次会议决议公告 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、准确性和完整性依法承担法律责任。 上海卓然工程技术股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日，向全体董事发出了关于召开公司第三届董事会第二十四次会议的通知。本次 会议于 2025 年 10 月 29 日以现场结合通讯表决的方式召开，会议应参加董事 7 人，实际参加董事 7 人。 本次会议召开符合《中华人民共和国公司法》、《上海证券交易所科创板股票 上市规则》等有关法律、行政法规、部门规章、规范性文件和《上海卓然工程技 术股份有限公司章程》的规定，会议召开合法、有效。 一、 审议通过《关于<2025 年第三季度报告>的议案》 本议案已经公司董事会审计委员会审议通过。具体内容详见公司同日在上海 证券交易所网站（www.sse.com.cn）披露的《上海卓然工程技术股份有限公司 2025 年第三季度报告》。 表决结果：7 票赞成、0 票反对、0 票弃权 ...

Financial Performance - The company's operating revenue for the third quarter was ¥599,018,433.89, representing a year-on-year increase of 5.39%[4] - The total profit for the period was ¥181,101,638.87, with a significant increase of 400.18% compared to the previous year[4] - The net profit attributable to shareholders was ¥59,774,164.25, showing a year-on-year increase of 74.55%[4] - The total profit for the current reporting period increased significantly due to the sale of equity in Zhuohe, resulting in a substantial asset disposal gain[9] - The net profit attributable to shareholders for the current period increased by 74.55% compared to the same period last year, primarily due to the asset disposal gain from the sale of Zhuohe's equity[9] - Net profit for the first three quarters of 2025 reached ¥162,988,802.62, a significant increase from ¥35,967,967.27 in the same period of 2024, representing a growth of approximately 353%[20] - Operating profit for the first three quarters of 2025 was ¥196,804,312.45, compared to ¥38,533,615.24 in 2024, indicating an increase of about 411%[20] - Total profit for the first three quarters of 2025 amounted to ¥190,190,136.03, up from ¥38,024,380.90 in 2024, reflecting an increase of approximately 400%[20] Cash Flow - The net cash flow from operating activities was -¥45,769,647.81, reflecting a decrease of 215.01% compared to the same period last year[4] - The net cash flow from operating activities decreased by 215.01% for the year-to-date period, attributed to reduced sales receipts and increased procurement payments[9] - Cash flow from operating activities for the first three quarters of 2025 was negative at -¥305,202,437.47, a decline from a positive cash flow of ¥265,379,883.70 in 2024[22] - The company generated cash inflows from operating activities totaling ¥1,207,431,239.19 in 2025, down from ¥1,660,391,693.42 in 2024[22] - Cash outflows from investing activities in the first three quarters of 2025 were ¥253,458,494.15, a decrease from ¥549,524,485.15 in 2024[23] Research and Development - Research and development expenses totaled ¥13,007,626.14, a decrease of 60.11% year-on-year, representing 2.17% of operating revenue[5] - Research and development expenses decreased by 60.11% for the current period, primarily due to a reduction in direct material usage compared to the same period last year[9] - Research and development expenses decreased to CNY 39,320,279.29 in 2025 from CNY 79,542,169.09 in 2024, representing a reduction of 50.6%[19] Assets and Liabilities - The total assets at the end of the period were ¥8,534,470,130.37, a decrease of 2.01% from the end of the previous year[5] - Total assets as of September 30, 2025, amounted to CNY 8,534,470,130.37, a slight decrease from CNY 8,709,093,988.78 at the end of 2024[17] - Total liabilities decreased to CNY 5,707,782,088.34 in 2025 from CNY 6,045,197,696.19 in 2024, reflecting a reduction of 5.6%[16] - Current assets totaled CNY 4,671,786,551.56 as of September 30, 2025, compared to CNY 4,659,356,647.46 at the end of 2024, showing a marginal increase[16] - Long-term equity investments increased to CNY 96,254,813.46 in 2025 from CNY 67,666,651.21 in 2024, indicating a growth of 42.3%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,701[11] - The largest shareholder, Zhang Jinhong, holds 75,473,668 shares, representing 32.31% of the total shares[11] Earnings Per Share - The basic and diluted earnings per share were both -¥0.14, reflecting a decrease of 187.50% year-on-year[5] - Basic earnings per share for the first three quarters of 2025 were -¥0.14, compared to ¥0.16 in the same period of 2024[21] Comprehensive Income - The company reported a total comprehensive income of ¥163,051,995.29 for the first three quarters of 2025, compared to ¥35,988,785.06 in 2024, marking an increase of approximately 353%[20] Financing Activities - The company raised ¥1,727,696,177.74 through financing activities in the first three quarters of 2025, compared to ¥886,770,747.41 in 2024, indicating an increase of approximately 95%[23]

上海卓然工程技术股份有限公司 对外担保管理制度 第一章 总 则 第一条 为维护上海卓然工程技术股份有限公司（以下简称"公司"）股东 和投资者的利益，规范公司的对外担保行为，控制公司资产运营风险，促进公 司健康稳定地发展，根据《中华人民共和国公司法》《中华人民共和国担保法》 《中华人民共和国证券法》，其他相关法律、法规、规范性文件的规定及《上 海卓然工程技术股份有限公司章程》（以下简称"公司章程"），并结合公司 的实际情况，制定本对外担保制度（以下简称"本制度"）。 第二条 本制度适用于公司为第三人（包括公司的参股及控股子公司）提供 下列担保的行为：被担保企业因向金融机构贷款、票据贴现、融资租赁等原因 向公司申请为其提供担保。 第八条 公司为控股股东、实际控制人及其关联方提供担保的，控股股东、 实际控制人及其关联方应当提供反担保。 第三条 公司制定本制度的目的是强化公司内部监控，完善对公司担保事项 的事前评估、事中监控、事后追偿与处置机制，尽可能地防范因被担保人财务 状况恶化等原因给公司造成的潜在偿债风险，合理避免和减少可能发生的损失。 第四条 公司对外提供担保，应根据相关法律、法规和规范性文件的规定披 露有关 ...

第一章 总 则 第一条 为保障上海卓然工程技术股份有限公司（以下简称"公司"）信息 披露合法、真实、准确、完整、及时，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》"）、 《上海证券交易所科创板股票上市规则》、《上市公司治理准则》、《上市公司 信息披露管理办法》（以下简称"《信息披露管理办法》"）等有关法律、法规、 规范性文件及《上海卓然工程技术股份有限公司章程》（以下简称"《公司章程》"） 等公司规章制度的规定，结合公司实际情况，制定本信息披露管理制度（以下简 称"本制度"）。 第二条 本制度适用于如下人员和机构： （一） 公司控股股东、实际控制人和持股 5%以上的大股东； （六） 公司各部门以及下属控股子公司、分公司及其负责人、负有信息 披露义务的部门和人员； 上海卓然工程技术股份有限公司 信息披露管理制度 （七） 参股公司由公司委派的董事、监事、高级管理人员； （八） 其他负有信息披露义务的人员和机构。 以上人员和机构统称为"信息披露义务人"。 第二章 信息披露工作的基本原则 第三条 公司和相关信息披露义务人应当真实、准确、完整、及时地披露信 息 ...