Group 1 - The core point of the news is that Ba Yi Shi Kong (688181.SH) reported its Q3 2025 results, revealing a decline in institutional investor holdings by 8.86 percentage points compared to the previous quarter, with a total of 485.79 thousand shares held by five institutional investors, representing 3.61% of the total share capital [1] - Among public funds, only one fund, Dongfang Quantitative Growth Flexible Allocation Mixed A, increased its holdings, while 74 public funds, including Huatai-PB Technology Innovation Mixed A and Bosera Shanghai Stock Exchange Science and Technology Innovation Board New Materials ETF, were not disclosed in the current period [1] - For social security funds, one fund, Huatai-PB Fund Management Co., Ltd. - Social Security Fund 17022 Portfolio, reduced its holdings by 1.47%, while another fund, Huatai-PB Fund Management Co., Ltd. - Social Security Fund 423 Portfolio, was not disclosed in the current period [2]

Core Insights - The company reported a steady recovery in its performance, with Q3 2025 revenue reaching 230 million yuan, a year-on-year increase of 32.73% and a quarter-on-quarter increase of 14.14%, while net profit attributable to shareholders was 14.6964 million yuan, up 23.32% year-on-year and 115.20% quarter-on-quarter [1] Group 1: Industry Developments - The Chinese government has emphasized the acceleration of domestic semiconductor material production, providing a historic opportunity for the development of photoresist resin [2] - The photoresist industry has faced long-standing challenges due to the monopoly of Japanese and American companies on key raw materials, which has hindered domestic production [2] - The company has established a dedicated R&D team for photoresist resin, achieving international advanced levels in key indicators for KrF photoresist resin [2] Group 2: Production Capacity and Technology - The company has successfully launched the first domestic high-automation flexible/volume production dual production line for KrF photoresist resin, which has entered mass production [3] - The overall design capacity of the two production lines is at the hundred-ton level, utilizing the company's self-developed automation control system to enhance production efficiency and reduce operational errors [3] - Future plans include gradually expanding production capacity to achieve an annual output of 200-300 tons of high-end photoresist resin within the next two to three years [3] Group 3: Business Strategy and Growth - The company is diversifying its growth strategy by leveraging its core display materials business while accelerating its entry into the semiconductor materials sector [4] - The liquid crystal materials business continues to perform steadily, with successful mass production of high-performance materials for various applications [4] - The company has made significant progress in OLED materials, optimizing production processes and establishing partnerships with domestic and international OLED material companies [4] Group 4: Breakthroughs in Polyimide - The company has achieved breakthroughs in both display and packaging dimensions within the polyimide sector, with successful testing and validation of various products [5] - The company is advancing in the area of advanced packaging PSPI, completing small-scale tests and preparing for customer validation [5] Group 5: Future Outlook - The company is positioned to leverage breakthroughs in domestic photoresist resin production to drive growth in two high-demand sectors, enhancing its capabilities for independent control of high-end materials [6] - Continuous expansion of production capacity and customer validation efforts are expected to strengthen the company's position in the industry [6]

Core Insights - The company reported a total operating revenue of 645 million yuan for the first three quarters of 2025, representing a year-on-year increase of 17.6% [1] - The net profit attributable to shareholders decreased to 45.57 million yuan, reflecting a year-on-year decline of 26.06% [1] - The basic earnings per share stood at 0.35 yuan [1]

证券代码：688181 证券简称：八亿时空 公告编号：2025-042 二、公司章程修订情况 为进一步提升公司的规范运作水平，根据《公司法》《关于新<公司法>配套 制度规则实施相关过渡期安排》《上市公司章程指引（2025 年修订）》《上海 证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指 引第 1 号——规范运作》等有关规定，结合公司实际情况，公司拟对《公司章程》 中的部分条款进行修订，具体内容如下： | 修订前 | 修订后 | | --- | --- | | 第一条 为维护北京八亿时空液晶 | 第一条 为维护北京八亿时空液晶 | | 科技股份有限公司（以下简称"公司"）、 | 科技股份有限公司（以下简称"公司"）、 | | 股东和债权人的合法权益，规范公司的组 | 股东、职工和债权人的合法权益，规范公 | | 织和行为，根据《中华人民共和国公司法》 | 司的组织和行为，根据《中华人民共和国 | | （以下简称"《公司法》"）、《中华人 | 公司法》（以下简称《公司法》）、《中 | | 民共和国证券法》（以下简称"《证券 | 华人民共和国证券法》（以下简称《证券 | | 法》"）、《上市 ...

证券代码：688181 证券简称：八亿时空 公告编号：2025-043 北京八亿时空液晶科技股份有限公司 关于召开2025年第二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。 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年第二次临时股东大会 （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 （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 网络投票起止时间：自2025 年 11 月 13 日 至2025 年 11 月 13 日 股东大会召开日期：2025年11月13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 系统 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 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东大会召开当日的 9:15- ...

Group 1 - Company Ba Yi Shi Kong (SH 688181) reported Q3 performance with revenue of approximately 645 million yuan, a year-on-year increase of 17.6% [1] - The net profit attributable to shareholders was about 45.57 million yuan, a year-on-year decrease of 26.06% [1] - Basic earnings per share were 0.35 yuan, down 23.91% year-on-year [1] Group 2 - As of the report, Ba Yi Shi Kong's market capitalization stands at 4.9 billion yuan [2] - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market [2]

Financial Performance - The company's operating revenue for the third quarter reached ¥229,604,389.05, representing a year-on-year increase of 32.73%[3] - Total profit for the quarter was ¥21,480,656.93, up 38.26% compared to the same period last year[3] - Net profit attributable to shareholders was ¥14,696,380.55, reflecting a 23.32% increase year-on-year[3] - For the first three quarters of 2025, the company reported a significant increase in revenue compared to the same period in 2024, although specific figures are not provided in the extracted content[18] - Total operating revenue for the first three quarters of 2025 reached ¥644,971,362.21, an increase from ¥548,449,238.58 in the same period of 2024, representing a growth of approximately 17.6%[19] - Net profit for the first three quarters of 2025 was ¥42,055,905.71, down from ¥59,401,594.06 in 2024, indicating a decline of about 29.2%[20] - Operating profit decreased to ¥61,258,221.75 in 2025 from ¥75,594,259.73 in 2024, a decline of about 18.9%[19] - The company reported a basic earnings per share of ¥0.35 for 2025, down from ¥0.46 in 2024[20] - The company experienced a decrease in comprehensive income to ¥42,004,612.20 in 2025 from ¥59,134,272.68 in 2024, a decline of about 29.0%[20] Research and Development - Research and development expenses totaled ¥27,101,266.68, accounting for 11.80% of operating revenue, a decrease of 1.37 percentage points from the previous year[4] - Research and development expenses increased to ¥76,959,840.62 in 2025 from ¥62,783,190.34 in 2024, reflecting a rise of approximately 22.5%[19] - The company has engaged in new product and technology development, although specific details are not included in the extracted content[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,261,932,078.63, an increase of 11.89% compared to the end of the previous year[4] - Current assets totaled CNY 1,325,798,501.25, up from CNY 1,076,060,562.26, indicating a growth of about 23.16%[14] - The company's cash and cash equivalents increased to CNY 262,011,220.82 from CNY 164,815,971.39, representing a growth of approximately 59.00%[14] - Inventory levels rose to CNY 444,383,725.85, compared to CNY 314,558,196.48, marking an increase of around 41.19%[14] - Total liabilities increased to CNY 1,178,802,477.25 from CNY 817,593,959.27, reflecting a growth of approximately 44.25%[16] - The company's equity attributable to shareholders decreased slightly to CNY 2,073,114,064.96 from CNY 2,085,690,400.96, a decline of about 0.60%[16] Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥36,856,274.12, a decline of 140.86% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥36,856,274.12 in 2025, compared to a net inflow of ¥90,198,831.64 in 2024[22] - Total cash and cash equivalents at the end of the period increased to ¥198,802,420.69 in 2025 from ¥155,467,839.55 in 2024, marking an increase of approximately 27.8%[23] - Investment activities resulted in a net cash outflow of ¥141,617,368.37 in 2025, compared to a net outflow of ¥194,245,760.52 in 2024, showing an improvement[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,195[10] - The largest shareholder, Zhao Lei, holds 20.46% of the company's shares, totaling 27,519,873 shares[10] - There are no significant changes reported in the shareholding structure or related party transactions during the reporting period[12] Market Strategies - The company is exploring market expansion strategies, but further specifics are not detailed in the extracted content[18]

北京八亿时空液晶科技股份有限公司 募集资金管理制度 北京八亿时空液晶科技股份有限公司 募集资金管理制度 （2025 年 10 月修订） 第三条 募集资金应当专款专用。公司使用募集资金应当符合国家产业政策 和相关法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主营业 务，有利于增强公司竞争能力和创新能力。公司募集资金应当投资于科技创新领 域，促进新质生产力发展。 1 第四条 董事会应当对募集资金投资项目的可行性进行充分论证，确信投资 项目有利于增强公司竞争能力和创新能力，有效防范投资风险，提高募集资金使 用效益。 第五条 募集资金的使用坚持周密计划、切实可行、规范运作、公开透明的 原则。公司应对募集资金投向履行信息披露义务，充分保障投资者的知情权。 北京八亿时空液晶科技股份有限公司 募集资金管理制度 第一章 总 则 第六条 公司董事会应当持续关注募集资金存放、管理和使用情况，有效防 范投资风险，提高募集资金使用效益。 第一条 为了规范北京八亿时空液晶科技股份有限公司（以下简称"公司"） 募集资金的管理和运用，保护投资者的权益，依照《中华人民共和国公司法》《中 华人民共和国证券法》（以下简称《证券法》） ...

北京八亿时空液晶科技股份有限公司 独立董事议事规则 北京八亿时空液晶科技股份有限公司 独立董事议事规则 （2025 年 10 月修订） 第一章 总则 第一条 为规范独立董事行为，充分发挥独立董事在公司治理中的作用，促 进北京八亿时空液晶科技股份有限公司（以下称"公司"）的规范运作，维护公 司整体利益，保障全体股东的合法权益不受损害，依据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司独立董事管理办法》等规定以及《北京八 亿时空液晶科技股份有限公司章程》（以下称"公司章程"）的有关规定，特制 定本规则。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及公司 主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行 独立客观判断关系的董事。 独立董事应当独立履行职责，不受公司及主要股东、实际控制人等单位或者 个人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、上海证 券交易所业务规则和公司章程的规定，认真履行职责，在董事会中发挥参与决策、 监督制衡、专业咨询作用，维护公司整体利益， ...

北京八亿时空液晶科技股份有限公司 董事、高级管理人员及核心技术人员持股及变动管理制度 北京八亿时空液晶科技股份有限公司 董事、高级管理人员及核心技术人员 持股及变动管理制度 （2025 年 10 月修订） 第一章 总 则 第一条 为加强对北京八亿时空液晶科技股份有限公司（以下简称"公司" 或"本公司"）董事、高级管理人员及核心技术人员所持本公司股份及其变动的 管理，维护证券市场秩序，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》"）《上市公司 董事和高级管理人员所持本公司股份及其变动管理规则》《上海证券交易所科创 板股票上市规则》《上海证券交易所上市公司自律监管指引第8号——股份变动 管理》《上海证券交易所上市公司自律监管指引第15号——股东及董事、高级管 理人员减持股份》等法律、行政法规及规范性文件的规定，制定本制度。 第二条 本制度适用于公司董事、高级管理人员、核心技术人员以及本制度 第七条规定的自然人、法人或其他组织所持本公司股票及其变动管理。若公司董 事和高级管理人员同时是公司的核心技术人员，仍需遵守《上海证券交易所科创 板股票上市规则》等法律 ...