Core Viewpoint - Witten Electric's stock has shown significant volatility, with a year-to-date increase of 72.95%, but recent declines in the short term raise concerns about its performance [1][2]. Company Overview - Witten Electric Group Co., Ltd. was established on January 7, 2004, and went public on July 7, 2021. The company is located in Jiangsu Province and specializes in the research, manufacturing, and sales of busbar products [1]. - The main revenue sources for Witten Electric are: photovoltaic new materials (photovoltaic welding strips) 46.68%, power distribution equipment (high and low voltage busbars) 25.26%, energy storage systems 21.46%, and other categories [1]. Financial Performance - For the period from January to September 2025, Witten Electric reported a revenue of 2.597 billion yuan, a year-on-year decrease of 5.40%. The net profit attributable to shareholders was 13.6632 million yuan, down 87.47% year-on-year [2]. - Since its A-share listing, Witten Electric has distributed a total of 106 million yuan in dividends, with 86.554 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Witten Electric had 7,592 shareholders, an increase of 41.51% from the previous period. The average circulating shares per person decreased by 15.89% to 24,716 shares [2]. - Among the top ten circulating shareholders, the fund "Quanguo Xuyuan Three-Year Holding Period Mixed A" holds 2.9007 million shares, a decrease of 463,500 shares compared to the previous period [3].

Core Viewpoint - Weiteng Electric (688226.SH) reported a decrease in institutional ownership in its third-quarter report for 2025, with a total of 8 institutional investors holding 69.23 million shares, representing 36.89% of the total share capital, down by 1.71 percentage points from the previous quarter [1] Institutional Ownership - As of October 28, 2025, 8 institutional investors disclosed their holdings in Weiteng Electric, totaling 69.23 million shares, which is 36.89% of the company's total share capital [1] - The institutional ownership decreased by 1.71 percentage points compared to the previous quarter [1] Public Fund Holdings - One public fund, the Quan Guo Xu Yuan Three-Year Holding Period Mixed A, reported a decrease in holdings, with a reduction of 0.25% [1] - A total of 48 public funds did not disclose their holdings this quarter, including notable funds such as the Fortune Innovation Technology Mixed A and the E Fund Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive ETF [1]

Core Viewpoint - The company, Weiteng Electric Group Co., Ltd., is preparing for its third-quarter performance briefing scheduled for November 11, 2025, to discuss its operational results and financial indicators with investors [9][10]. Financial Data - The third-quarter financial report for 2025 has not been audited [3]. - The report includes major accounting data and financial indicators, but specific figures are not provided in the documents [3][4]. Shareholder Information - The company confirms that there are no changes in the major shareholders or their holdings that would affect the report [5][6]. Performance Briefing Details - The performance briefing will take place on November 11, 2025, from 10:00 to 11:00 AM at the Shanghai Stock Exchange Roadshow Center [9][11]. - Investors can submit questions from November 4 to November 10, 2025, and the company will address common concerns during the briefing [10][12]. Contact Information - The company has provided contact details for inquiries, including a phone number and email address for the board secretary's office [13].

Core Insights - Weiteng Electric (688226.SH) reported a revenue of 2.597 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 5.40% [1] - The company's net profit attributable to shareholders was 13.66 million yuan, down 87.47% year-on-year [1] - The net profit after deducting non-recurring items was 10.14 million yuan, reflecting a year-on-year decrease of 90.42% [1] - Basic earnings per share stood at 0.07 yuan [1]

Group 1 - China Satellite reported a net profit of 14.81 million yuan for the first three quarters, marking a turnaround from losses, with a revenue of 3.102 billion yuan, up 85.28% year-on-year [1] - SAIYANG Technology signed a contract worth 533 million yuan for Airbus A320 series aircraft transport tooling, effective until 2038 [1] - Zhongwei Semiconductor achieved a net profit of 152 million yuan, a 36.78% increase year-on-year, with a revenue of 773 million yuan, up 19.03% [2] Group 2 - Jiao Cheng Ultrasonic reported a net profit of 94.03 million yuan, a significant increase of 359.81% year-on-year, with a revenue of 521 million yuan, up 27.53% [3] - Keda Li's net profit grew by 16.55% year-on-year to 1.185 billion yuan, with a revenue of 10.603 billion yuan, up 23.41% [3] - Ningbo Huaxiang's net profit fell by 87.68% to 88.73 million yuan, despite a revenue increase of 5.88% to 19.224 billion yuan [4] Group 3 - Mingzhi Electric reported a net profit of 49.84 million yuan, a 5.43% increase year-on-year, with a revenue of 2.043 billion yuan, up 11.66% [6] - Xianda Co. achieved a net profit of 196 million yuan, a staggering increase of 3064.56% year-on-year, with a revenue of 2.008 billion yuan, up 6.11% [7] - Longxin General's net profit rose by 75.45% to 1.577 billion yuan, with a revenue of 14.557 billion yuan, up 19.14% [8] Group 4 - Hainan Highway reported a net loss of 10.63 million yuan, despite a revenue increase of 133.41% to 314 million yuan [9] - Zhongci Electronics achieved a net profit of 443 million yuan, a 20.07% increase year-on-year, with a revenue of 2.143 billion yuan, up 13.62% [11] - Hangyang Co. reported a net profit of 757 million yuan, a 12.14% increase year-on-year, with a revenue of 11.428 billion yuan, up 10.39% [12] Group 5 - Yuanli Technology's net profit decreased by 2.89% to 152 million yuan, with a revenue of 1.654 billion yuan, down 3.69% [13] - Guihang Co. reported a net profit of 118 million yuan, a slight increase of 0.77%, with a revenue of 1.870 billion yuan, up 8.65% [14] - Haixing Co. achieved a net profit of 147 million yuan, a 41.41% increase year-on-year, with a revenue of 1.711 billion yuan, up 21.45% [16] Group 6 - Weiteng Electric reported a net profit decline of 87.47% to 13.66 million yuan, with a revenue of 2.597 billion yuan, down 5.40% [18] - Tiancai Control achieved a net profit of 50.33 million yuan, a 91.73% increase year-on-year, with a revenue of 1.855 billion yuan, up 27.3% [20] - Hangzhi Qianjin reported a net profit of 207 million yuan, a 9.59% increase year-on-year, with a revenue of 1.730 billion yuan, up 5.39% [21] Group 7 - Suli Co. reported a net profit of 139 million yuan, a remarkable increase of 1522.38%, with a revenue of 2.064 billion yuan, up 25.39% [23] - Sanqi Interactive achieved a net profit of 2.345 billion yuan, a 23.57% increase year-on-year, with a revenue of 12.461 billion yuan, down 6.59% [24] - Yongjie New Materials reported a net profit of 309 million yuan, a 30.99% increase year-on-year, with a revenue of 7.020 billion yuan, up 20.01% [26] Group 8 - Kang Enbei achieved a net profit of 584 million yuan, a 12.65% increase year-on-year, with a revenue of 4.976 billion yuan, up 1.27% [28] - Zhongyuan Highway reported a net profit of 961 million yuan, a 16.78% increase year-on-year, with a revenue of 4.888 billion yuan, up 3.89% [30] - Hunan Gold achieved a net profit of 1.029 billion yuan, a 54.28% increase year-on-year, with a revenue of 41.194 billion yuan, up 96.26% [32] Group 9 - Huadong Pharmaceutical reported a net profit of 2.748 billion yuan, a 7.24% increase year-on-year, with a revenue of 32.664 billion yuan, up 3.77% [33] - Dongyangguang achieved a net profit of 906 million yuan, a significant increase of 189.80%, with a revenue of 10.970 billion yuan, up 23.56% [35] - Xinrui Technology reported a net loss of 62.62 million yuan, despite a revenue increase of 28.02% to 1.672 billion yuan [37] Group 10 - Jiabiyou achieved a net profit of 129 million yuan, a 54.18% increase year-on-year, with a revenue of 428 million yuan, up 10.56% [38] - Ruifeng New Materials reported a net profit of 574 million yuan, a 14.85% increase year-on-year, with a revenue of 2.551 billion yuan, up 10.87% [39] - Zhongfu Industrial achieved a net profit of 1.187 billion yuan, a 63.25% increase year-on-year, with a revenue of 16.633 billion yuan, down 0.60% [40] Group 11 - Aohai Technology reported a net profit of 359 million yuan, a 19.32% increase year-on-year, with a revenue of 5.188 billion yuan, up 14.14% [41] - Kangzhong Medical announced a share transfer plan involving 5.33% of its shares due to shareholder funding needs [43] - Hualing Steel plans to invest 512 million yuan in a new continuous casting project [44]

Core Insights - The company reported a revenue of 2.597 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 5.40% [1] - The net profit attributable to the parent company was 13.6632 million yuan, down 87.47% year-on-year [1] - The net profit excluding non-recurring items was 10.1448 million yuan, reflecting a significant decrease of 90.42% year-on-year [1]

证券代码：688226 证券简称：威腾电气 公告编号：2025-050 威腾电气集团股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2025 年 11 月 11 日（星期二） 上午 10:00-11:00 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 11 月 4 日（星期二）至 11 月 10 日（星期一)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 DMB@ wetown.cc 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。 威腾电气集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日在 上海证券交易所网站（www.sse.com.cn）披露了《威腾电气集团股份有限公司 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 20 ...

Financial Performance - The company's operating revenue for the third quarter was ¥864,678,681.91, a decrease of 3.15% compared to the same period last year[4]. - The total profit for the quarter was -¥3,005,146.49, reflecting a significant decline of 107.86% year-over-year[9]. - The net profit attributable to shareholders was -¥2,822,691.69, down 109.33% compared to the previous year[10]. - The net profit after deducting non-recurring gains and losses was -¥4,388,794.97, a decrease of 115.00% year-over-year[10]. - Total operating revenue for the first three quarters of 2025 was approximately ¥2.60 billion, a decrease of 5.38% compared to ¥2.74 billion in the same period of 2024[20]. - Net profit for the first three quarters of 2025 was approximately ¥17.70 million, a decrease of 84.83% compared to ¥116.65 million in the same period of 2024[21]. - The total comprehensive income for the first three quarters of 2025 was approximately ¥29.78 million, a decrease of 75.80% compared to ¥120.14 million in the same period of 2024[22]. Cash Flow and Investments - The company reported a cash flow from operating activities of -¥99,976,681.86 for the year-to-date period[4]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 2,210,766,580.90, a decrease of 3.73% compared to CNY 2,296,156,223.64 in the same period of 2024[24]. - The net cash flow from operating activities was -CNY 99,976,681.86, an improvement from -CNY 190,042,178.86 year-over-year[24]. - Cash outflow from investment activities totaled CNY 811,413,017.06, significantly higher than CNY 258,617,837.15 in the previous year, resulting in a net cash flow from investment activities of -CNY 646,816,660.67[25]. - The company received CNY 160,000,000.00 from investment recoveries, a significant increase from CNY 9,178,007.01 in the previous year[24]. - The company spent CNY 570,432,017.06 on fixed assets and other long-term assets, compared to CNY 238,800,098.25 in the same period last year[25]. - The company raised CNY 42,500,000.00 from new investments, up from CNY 4,300,000.00 in the previous year[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,592[12]. - The largest shareholder, Jiang Wengong, holds 35,137,167 shares, representing 18.73% of the total shares[12]. - Jiangsu Weiteng Investment Management Co., Ltd. is the second-largest shareholder with 27,479,241 shares, accounting for 14.64%[12]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,100,425,599.74, an increase of 3.95% from the end of the previous year[5]. - The total current assets as of September 30, 2025, amount to ¥3,395,561,162.54, compared to ¥3,378,521,884.03 as of December 31, 2024[17]. - Cash and cash equivalents decreased to ¥651,639,079.85 from ¥896,389,352.45[16]. - Accounts receivable increased to ¥1,607,416,315.46 from ¥1,477,366,107.77[16]. - Inventory decreased to ¥339,279,956.86 from ¥466,393,540.16[17]. - Non-current assets totaled ¥1,704,864,437.20, up from ¥1,528,201,624.02[17]. - The company's total liabilities increased to approximately ¥3.31 billion in 2025 from ¥3.17 billion in 2024, reflecting a growth of 4.06%[22]. - The total equity attributable to shareholders of the parent company was approximately ¥1.67 billion, slightly up from ¥1.66 billion in the previous year[19]. Research and Development - Research and development expenses totaled ¥26,748,677.41, representing 3.09% of operating revenue, an increase of 0.11 percentage points[5]. - Research and development expenses for the first three quarters of 2025 were approximately ¥74.23 million, a decrease of 6.67% from ¥79.12 million in the same period of 2024[20]. Market Conditions - The decline in profits was primarily attributed to intensified market competition in photovoltaic materials and energy storage systems[9]. - The company experienced a significant reduction in project execution for medium and low voltage complete equipment, contributing to the overall profit decline[9]. Earnings Per Share - The company reported a basic earnings per share of ¥0.07 for the first three quarters of 2025, down from ¥0.70 in the same period of 2024[22].

Group 1 - The company's Q3 revenue was 865 million, a decrease of 3.15% [1] - The net profit for Q3 was a loss of 2.82 million, a decline of 109.33% [1] - The company's revenue for the first three quarters was 2.597 billion, down 5.40% [1] Group 2 - The net profit for the first three quarters was 13.66 million, a decrease of 87.47% [1]

Market Overview - The net outflow of main funds in the power equipment sector was 1.22 billion yuan, while retail investors saw a net inflow of 1.16 billion yuan on the same day [2][3] - The Shanghai Composite Index closed at 3922.41, up 0.22%, and the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Wu Chuang Rui Tong (301668) led the gains with a closing price of 69.30, up 13.61% with a trading volume of 151,000 shares and a transaction amount of 983 million yuan [1] - Weiteng Electric (688226) was the biggest loser, closing at 42.17, down 4.44% with a trading volume of 47,300 shares and a transaction amount of 26.6 million yuan [2] Individual Stock Highlights - Notable gainers included: - Kai Fa Electric (300407) with a closing price of 11.96, up 9.42% [1] - Hangzhou Kelin (688611) with a closing price of 40.90, up 8.40% [1] - Other significant losers included: - Jinpan Technology (688676) with a closing price of 59.67, down 4.22% [2] - Nanwang Technology (688248) with a closing price of 54.99, down 4.06% [2] Fund Flow Analysis - The main funds showed a significant outflow in several stocks, including: - Kelu Electronics (002121) with a net outflow of 83.42 million yuan [3] - Mingyang Electric (301291) with a net outflow of 31.54 million yuan [3] - Retail investors contributed positively to the market with net inflows in various stocks, indicating a mixed sentiment among different investor types [2][3]