Core Insights - Yunzhu Technology has officially announced the mass production of the 0805 size 10μF MLCC, marking a significant advancement in the high-end passive components sector [1][2] - The new MLCC product demonstrates breakthroughs in capacity, stability, and consistency, providing reliable component solutions for consumer electronics and automotive electronics [1] Group 1: Product Development - The 0805 size (0.20mm×1.25mm) 10μF MLCC has undergone rigorous process control and performance validation, showing stable performance under high temperature, high humidity, and high frequency conditions [1] - The product has been tested in accordance with IEC 60384 series standards, ensuring reliable support for customers in complex application environments [1] Group 2: Material and Process Innovation - The key to MLCC performance lies in dielectric materials, with Yunzhu Technology's R&D team optimizing powder particle size, formulation structure, and sintering environment to achieve high density and uniformity [1] - Upgrades in material systems have further enhanced the stability and consistency of product capacity [1] Group 3: Production Quality Management - Yunzhu Technology has established a comprehensive quality control system covering the entire production process, from incoming material inspection to end testing, ensuring stable and reliable product performance [2] - The company employs an automated system for real-time monitoring of critical processes, reinforcing the quality assurance measures [2] Group 4: Market Impact - With the successful mass production of the 0805 size 10μF MLCC, Yunzhu Technology has deepened its layout in the collaborative enhancement of materials, processes, and equipment, strengthening domestic supply capabilities [2] - The introduction of this product is expected to better meet downstream customer needs in power management, filtering, and functional modules, providing stable and reliable localized support for the electronics industry [2]

Group 1 - Weiming Environmental has been selected as a supplier for Indonesia's environmentally friendly waste-to-energy project [1] - Great Wall Motors reported a 22.5% year-on-year increase in October vehicle sales, totaling 143,100 units [1] - Jingye Intelligent won a bid for a process equipment project worth 134 million yuan [1][2] Group 2 - Tianmo Technology's shareholder plans to reduce its stake by up to 3% of the company's total shares [3] - ST Yifei signed a procurement order worth approximately 190 million yuan, accounting for 27.46% of its audited revenue for 2024 [4] - Lanjian Intelligent signed a daily operational contract worth 138 million yuan [5] Group 3 - Rongqi Technology's shareholder plans to reduce its stake by up to 1.32% of the company's total shares [6] - Huafeng Measurement Control's controlling shareholder plans to reduce its stake by up to 2% of the company's total shares [7] - Jinli Permanent Magnet's directors and executives plan to reduce their holdings by up to 0.15% of the company's total shares [9] Group 4 - Seres reported a 42.89% year-on-year increase in October sales of new energy vehicles, totaling 51,456 units [10] - Betta Pharmaceutical entered into a strategic cooperation with Shengsi Bio, enhancing its product matrix [11] - Nenghui Technology established a joint venture with Zhejiang Lisan to capitalize on opportunities in the "computing power + new energy" sector [12] Group 5 - Taotao Vehicle submitted an application for H-share listing on the Hong Kong Stock Exchange [13] - BYD's October sales of new energy vehicles reached 441,700 units, a decrease of approximately 12.13% year-on-year [14] - Daye Intelligent's subsidiary signed a charter contract for two vessels, with total expected rental income of approximately 48.73 million USD [15] Group 6 - Changan Automobile reported a 36.14% year-on-year increase in October sales of new energy vehicles, totaling 119,200 units [16] - Vanke A signed a framework agreement for a loan of up to 22 billion yuan from its major shareholder [18] - BAIC Blue Valley's subsidiary reported a 112.02% year-on-year increase in October vehicle sales, totaling 30,542 units [20] Group 7 - Yongzhen Co. announced plans for shareholders to reduce their stake by up to 3% of the company's total shares [21]

Core Viewpoint - Yunzhu Technology, established in December 2013 and listed on the Shanghai Stock Exchange in April 2021, is a significant player in the camera optical module and voice coil motor precision electronic components sector, with strong R&D and production capabilities [1] Group 1: Business Performance - In Q3 2025, Yunzhu Technology reported revenue of 400 million yuan, ranking 77th out of 88 in the industry, significantly lower than the top players, including Industrial Fulian with 603.93 billion yuan and Luxshare Precision with 220.91 billion yuan [2] - The main business revenue was 244 million yuan, accounting for 99.11% of total revenue, while other income was 2.2 million yuan, making up 0.89% [2] - The company incurred a net loss of 157 million yuan, ranking 86th in the industry, with a stark contrast to Industrial Fulian's profit of 22.52 billion yuan and Luxshare Precision's 12.73 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Yunzhu Technology's debt-to-asset ratio was 93.26%, up from 85.79% year-on-year, significantly higher than the industry average of 44.84%, indicating substantial debt pressure [3] - The gross profit margin for the same period was 3.57%, a sharp decline from 16.21% year-on-year, and below the industry average of 19.47%, reflecting weak profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Yunzhu Technology was 5,213, a decrease of 15.28% from the previous period, while the average number of circulating A-shares held per account increased by 18.03% to 23,000 [5] Group 4: Executive Compensation - The chairman and general manager, Wang Bin, received a salary of 1.1595 million yuan in 2024, a slight increase of 0.06 million yuan from 2023 [4]

Core Viewpoint - Yunzhu Technology announced a total provision for various credit impairment losses and asset impairment losses amounting to 22.5759 million yuan for the third quarter of 2025, indicating a significant impact on the company's financial health [1] Summary by Category - **Credit Impairment Losses** - The company recorded a credit impairment loss provision of 1.4168 million yuan [1] - **Asset Impairment Losses** - The asset impairment loss provision amounted to 21.1591 million yuan, which is a substantial portion of the total provisions made [1]

Core Points - Yunzhong Technology announced an adjustment in its core technical personnel structure as part of its strategic development plan [2] - Mr. Chen Longmo, previously recognized as a core technical personnel, will no longer hold this designation due to changes in work focus and job responsibilities, although he will continue to work at the company [2]

Group 1 - The core point of the article is that Yunzhong Technology (688260.SH) reported a decline in revenue and an increase in net loss for the first three quarters of 2025 [1] Group 2 - The total operating revenue for the first three quarters reached 400 million yuan, representing a year-on-year decrease of 3.46% [1] - The net profit attributable to shareholders of the parent company was -146 million yuan, which is an increase in loss of 66.12 million yuan compared to the same period last year [1] - The basic earnings per share were -1.2153 yuan [1]

证券代码：688260 证券简称：昀冢科技 公告编号：2025-043 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： 苏州昀冢电子科技股份有限公司（以下简称"公司"）根据战略发展规 划，综合考虑公司研发项目的管理和执行情况，对核心技术人员构成进行优化调 整，原核心技术人员谌龙模先生因工作重心和岗位职责调整，不再被认定为公司 核心技术人员，仍继续在公司任职。 本次核心技术人员的调整不会影响公司所拥有的核心技术及知识产权 权属的完整性，亦不会对公司的研发实力、核心竞争力和持续经营能力产生不 利影响。 一、本次核心技术人员调整的具体情况 根据公司战略发展规划，综合考虑研发项目的管理和执行情况，公司对核心 技术人员构成进行优化调整，原核心技术人员谌龙模先生因工作重心和岗位职责 调整，不再被认定为公司核心技术人员，仍继续在公司任职。 （一）原核心技术人员基本情况 谌龙模先生，男，1985 年出生，中国国籍，无境外永久居留权，大专学历。 2006 年 3 月至 2007 年 1 月任职于深圳富达金五金塑胶有限公司，担任工 ...

证券代码：688260 证券简称：昀冢科技 公告编号：2025-042 苏州昀冢电子科技股份有限公司 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： 一、说明会类型 苏州昀冢电子科技股份有限公司（以下简称"公司"）已于2025年10月31日发布 《2025年第三季度报告》。为便于广大投资者更加全面深入地了解公司经营业绩、发 展战略等情况，公司定于2025年11月10日（星期一）10:00-11:00在"价值在线" （www.ir-online.cn）举办公司2025年第三季度业绩说明会，与投资者进行沟通和交流， 广泛听取投资者的意见和建议。 二、说明会召开的时间、地点和方式 会议召开时间：2025年11月10日（星期一）10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 1 投 资 者 可 于 2025 年 11 月 10 日 （ 星 期 一 ） 10:00-11:00 通 过 网 址 https://e ...

证券代码：688260 证券简称：昀冢科技 公告编号：2025-041 苏州昀冢电子科技股份有限公司 关于2025年第三季度计提资产减值准备的公告 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。 一、本次计提资产减值准备情况概述 苏州昀冢电子科技股份有限公司（以下简称"公司"）根据《企业会计准则》等 相关规定，结合公司的实际情况，为客观公允地反映公司截至2025年9月30日的财务状 况和2025年第三季度的经营成果，基于谨慎性原则，对合并报表范围内可能发生信用 及资产减值损失的有关资产计提信用及资产减值准备。 2025年第三季度公司计提各类信用减值损失及资产减值损失共计2,257.59万元，其 中计提信用减值损失141.68万元，计提资产减值损失2,115.91万元，具体如下表： 单位：人民币/万元 2025年第三季度，公司计提信用减值损失和资产减值损失共计2,257.59万元，对公 司合并报表利润总额影响2,257.59万元（合并利润总额未计算所得税影响）。 | | 项目 | 计提减值准备金额 | | --- | --- ...

Financial Performance - The company's operating revenue for the third quarter was ¥153,525,701.25, representing a year-on-year increase of 33.43%[4] - The total profit for the period was -¥61,473,853.37, with a net profit attributable to shareholders of -¥45,901,516.40[4] - The company experienced a significant decline in net profit for the year-to-date period, totaling -¥145,838,057.06, with a decrease in profitability attributed to customer structure adjustments in the consumer electronics business[4][10] - Total operating revenue for the first three quarters of 2025 was CNY 399,683,315.74, a decrease of 3.2% compared to CNY 414,014,067.60 in the same period of 2024[18] - Net loss for the first three quarters of 2025 was CNY 156,760,527.46, compared to a net loss of CNY 86,549,134.11 in the same period of 2024, representing an increase in loss of 81%[19] Research and Development - Research and development expenses amounted to ¥23,704,017.57, accounting for 15.44% of operating revenue, a decrease of 7.79 percentage points compared to the previous year[5] - Research and development expenses for the first three quarters of 2025 were CNY 73,038,846.35, down 13.1% from CNY 84,079,805.84 in the same period of 2024[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,516,392,757.87, reflecting a decrease of 1.00% from the end of the previous year[5] - The equity attributable to shareholders decreased by 44.70% to ¥123,272,416.76 compared to the end of the previous year[5] - Total liabilities increased to CNY 1,414,204,336.40, up from CNY 1,332,925,327.24 year-over-year[16] - The company's total equity decreased to CNY 102,188,421.47 from CNY 198,724,908.20 in the previous year[16] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2025, amount to ¥37,153,293.06, down from ¥48,500,593.22 as of December 31, 2024, reflecting a decrease of 23.5%[14] - Cash received from sales of goods and services was CNY 370,280,426.48, an increase from CNY 350,317,968.37 in the same period of 2024[21] - Net cash inflow from investment activities was -$79.31 million, a decrease from -$109.51 million year-over-year[22] - Cash inflow from financing activities totaled $456.14 million, down from $608.89 million in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,213[12] - The top five shareholders hold a combined total of 47,431,020 shares, representing approximately 39.41% of total shares[12] Earnings Per Share - The basic earnings per share for the period was -¥0.3825, and diluted earnings per share was -¥0.3805[5] - The company reported a basic earnings per share of negative CNY 1.2153 for the first three quarters of 2025, compared to negative CNY 0.6643 in the same period of 2024[20] Other Financial Metrics - The weighted average return on net assets was -31.53%, a decrease of 13.48 percentage points year-on-year[5] - Non-recurring gains and losses for the period totaled ¥2,084,289.12, with government subsidies contributing ¥2,466,162.24[7] - The company experienced a significant decline in investment income, reporting a loss of CNY 4,139,129.76 compared to a gain of CNY 46,754,830.85 in the same period of 2024[18] Future Outlook - The company plans to continue focusing on the release of production capacity in its electronic ceramics business to drive future revenue growth[9] Accounting Standards - The company will not apply new accounting standards starting from 2025[23]