Core Insights - The stock of Jingjin Electric increased by 2.78% on November 11, with a trading volume of 163 million yuan [1] - The company reported a significant increase in revenue and net profit for the first nine months of 2025, indicating strong growth in its core business [2] Financing and Trading Activity - On November 11, Jingjin Electric had a financing buy-in amount of 24.75 million yuan, with a net financing buy of 14.01 million yuan [1] - The total financing and securities balance for Jingjin Electric reached 139 million yuan, accounting for 3.01% of its market capitalization, which is above the 70th percentile of the past year [1] - There were no short sales or repayments on November 11, indicating a high level of demand for the stock [1] Company Overview - Jingjin Electric, established on February 25, 2008, and listed on October 27, 2021, specializes in the research, production, sales, and services of electric drive systems [1] - The company's main revenue sources include 94.75% from electric drive systems for new energy vehicles, 4.58% from technology development and services, and 0.68% from waste material sales [1] Shareholder Information - As of September 30, Jingjin Electric had 18,200 shareholders, an increase of 1.64% from the previous period [2] - The average number of circulating shares per shareholder decreased by 1.62% to 28,530 shares [2] Financial Performance - For the period from January to September 2025, Jingjin Electric achieved a revenue of 1.802 billion yuan, representing a year-on-year growth of 96.07% [2] - The net profit attributable to the parent company was 83.55 million yuan, reflecting a year-on-year increase of 121.62% [2]

证券代码：688280 证券简称：精进电动 公告编号：2025-074 精进电动科技股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： 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 26 日（星期三）至 12 月 02 日（星期二）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 tzzgx@jjeglobal.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。 精进电动科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 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 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 03 日（星期三） 11:00-12:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次 ...

Group 1 - The core viewpoint of the news is that Jingjin Electric experienced a decline in stock price and trading volume on November 6, with a net financing outflow, indicating potential investor caution [1] - On November 6, Jingjin Electric's stock fell by 1.76%, with a trading volume of 159 million yuan. The financing buy amount was 12.63 million yuan, while the financing repayment was 15.04 million yuan, resulting in a net financing outflow of 2.40 million yuan [1] - As of November 6, the total margin balance for Jingjin Electric was 120 million yuan, which represents 2.58% of its market capitalization, indicating a relatively high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders for Jingjin Electric increased to 18,200, a rise of 1.64% from the previous period, while the average circulating shares per person decreased by 1.62% to 28,530 shares [2] - For the period from January to September 2025, Jingjin Electric reported a revenue of 1.802 billion yuan, reflecting a year-on-year growth of 96.07%. The net profit attributable to shareholders was 83.55 million yuan, marking a year-on-year increase of 121.62% [2]

Group 1 - The core transaction on November 4 involved a block trade of 375,000 shares of Jinjing Electric-UW, with a transaction value of 2.775 million yuan, at a price of 7.40 yuan, representing a discount of 17.96% compared to the closing price of the day [2][4] - Over the past three months, Jinjing Electric-UW has recorded a total of 8 block trades, with a cumulative transaction value of 71.6452 million yuan [3] - The closing price of Jinjing Electric-UW on the day of the report was 9.02 yuan, reflecting a slight increase of 0.22%, with a daily turnover rate of 5.37% and a total trading volume of 256 million yuan [3] Group 2 - The latest margin financing balance for Jinjing Electric-UW is 12.9 million yuan, which has increased by 5.17 million yuan over the past five days, marking a growth of 4.16% [4] - The main capital outflow for Jinjing Electric-UW on the reporting day was 16.2954 million yuan, with a total net outflow of 22.9783 million yuan over the past five days [3]

Group 1 - The company Jingjin Electric conducted a block trade of 375,000 shares on November 4, with a transaction value of 2.775 million yuan, accounting for 1.07% of the total trading volume for the day [1] - The transaction price was 7.4 yuan, which represents a discount of 17.96% compared to the market closing price of 9.02 yuan [1]

Core Insights - The stock price of Jingjin Electric (688280) increased by 12.97% to 8.97 CNY as of October 31, 2025, with a market capitalization of 5.294 billion CNY [1] Financial Performance - For the first three quarters of 2025, the main revenue reached 1.802 billion CNY, a year-on-year increase of 96.07% - The net profit attributable to shareholders was 83.546 million CNY, up 121.62% year-on-year - The third quarter alone saw a revenue of 780 million CNY, a 128.89% increase year-on-year, and a net profit of 47.581 million CNY, up 146.88% year-on-year [2][4] Shareholder Changes - As of September 30, 2025, the number of shareholders increased to 18,200, a rise of 1.64% from June 30, 2025 - The average number of shares held per shareholder decreased from 32,900 to 32,300, with an average holding value of 275,600 CNY [1][4] Shareholder Announcements - Shareholder Shanghai Chao Yue Mo Er Equity Investment Fund plans to reduce its holdings by up to 8,853,325 shares (1.50% of total shares) - Shareholder Noble Ray International Limited intends to reduce its holdings by up to 5,902,216 shares (1.00% of total shares) - The reduction period is set from November 19, 2025, to February 18, 2026, for personal funding needs, without affecting company control [3][4]

Core Viewpoint - The board of directors of Jingjin Electric Technology Co., Ltd. ensures the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any misleading statements or omissions [2][10]. Financial Data - The third-quarter financial report for 2025 has not been audited [3]. - The report includes significant financial data and indicators, although specific figures are not provided in the documents [3][4]. Shareholder Information - The total number of common shareholders and the status of the top ten shareholders are to be disclosed, but specific details are not included in the documents [5]. Board Meeting - The second meeting of the fourth board of directors was held on October 30, 2025, with all seven directors present, confirming the legality and validity of the meeting procedures [9][10]. - The board unanimously approved the third-quarter report, affirming that the report complies with relevant laws and accurately reflects the company's financial status and operational results [10][11]. Additional Information - The report and its contents will be disclosed on the Shanghai Stock Exchange website [12].

Core Viewpoint - Jingjin Electric, a leading domestic electric drive system supplier, has shown significant revenue generation in the electric vehicle sector, but faces challenges in profitability and debt levels compared to industry averages [1][2][3]. Group 1: Company Overview - Jingjin Electric was established on February 25, 2008, and went public on October 27, 2021, on the Shanghai Stock Exchange, with its headquarters in Beijing [1]. - The company specializes in the research, production, sales, and service of electric drive systems, focusing on areas such as drive motors and autonomous driving [1]. Group 2: Financial Performance - For Q3 2025, Jingjin Electric reported a revenue of 1.802 billion yuan, ranking 37th among 103 companies in the industry [2]. - The revenue from electric drive systems for new energy vehicles was 969 million yuan, accounting for 94.75% of total revenue [2]. - The net profit for the same period was 83.55 million yuan, placing the company 56th in the industry [2]. Group 3: Financial Ratios - As of Q3 2025, Jingjin Electric's debt-to-asset ratio was 78.23%, an increase from 75.96% in the previous year, significantly higher than the industry average of 39.06% [3]. - The gross profit margin for Q3 2025 was 12.25%, up from -0.54% year-on-year, but still below the industry average of 21.53% [3]. Group 4: Executive Compensation - The chairman and general manager, Yu Ping, received a salary of 1.4084 million yuan in 2024, a decrease of 386,000 yuan from 2023 [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.64% to 18,200, while the average number of circulating A-shares held per shareholder decreased by 1.62% to 28,500 [5].

经与会董事投票表决，审议通过如下议案： 证券代码：688280 证券简称：精进电动 公告编号：2025-072 精进电动科技股份有限公司 第四届董事会第二次会议决议公告 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、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 精进电动科技股份有限公司（以下简称"公司"）第四届董事会第二次会 议通知于2025年10月24日以直接送达、传真与邮件方式送达第四届董事会全体董 事，会议于2025年10月30日以现场与通讯相结合的方式召开。本次会议应参加表 决的董事7人，实际表决的董事7人。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律、行政法规、部门规章、规范性文件和《精进电动 科技股份有限公司章程》（以下简称"《公司章程》"）的规定，会议决议合法、 有效。 二、董事会会议审议情况 （一）审议通过《关于 2025 年第三季度报告的议案》 经审议，董事会认为：公司 2025 年第三季度报告的编制和审议程序符合相 关法律法规及《公司章程》等内部规章制度的规定；公司 2025 年第三季度报告 的内容 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥779,695,422.08, representing a year-on-year increase of 128.89%[4] - Total profit for the quarter was ¥43,549,444.69, up 140.31% compared to the same period last year[4] - Net profit attributable to shareholders was ¥47,581,378.32, reflecting a 146.88% increase year-on-year[4] - The net profit for the year-to-date period was ¥83,546,640.44, which is a 121.62% increase compared to the same period last year[4] - Revenue for the current reporting period reached 96.07 million, showing significant growth compared to the same period last year, primarily driven by the domestic passenger vehicle project launched last year and new projects coming online[10] - Total profit for the current reporting period was 140.31 million, reflecting a substantial increase in revenue compared to the same period last year, which fundamentally improved profitability[10] - Net profit attributable to shareholders for the current reporting period was 146.88 million, with revenue growth being the main driver of profitability improvement[10] - Basic earnings per share for the current reporting period was 147.06, indicating a significant increase due to revenue growth[10] - Diluted earnings per share for the current reporting period was also 147.06, reflecting the same trend of revenue-driven profitability improvement[11] - Total operating revenue for the first three quarters of 2025 reached ¥1,802,092,581.50, a significant increase from ¥919,092,612.48 in the same period of 2024, representing an increase of approximately 96%[21] - The net profit for the first three quarters of 2025 was ¥83,546,640.44, a turnaround from a net loss of ¥386,422,297.56 in the same period of 2024[22] - The company reported a comprehensive income total of ¥85,042,057.87 for the first three quarters of 2025, compared to a comprehensive loss of ¥385,108,720.98 in 2024[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.14, compared to a loss of ¥0.65 per share in the same period of 2024[23] Cash Flow and Liquidity - The company reported a cash flow from operating activities of ¥413,024,997.22 for the year-to-date period, a significant increase of 3,228.49%[4] - Cash inflows from operating activities for the first three quarters of 2025 amounted to ¥1,720,673,041.83, up from ¥985,237,025.67 in 2024, reflecting a growth of approximately 74.7%[24] - Cash received from sales of goods and services was ¥1,384,916,356.46 in the first three quarters of 2025, compared to ¥794,192,870.94 in 2024, marking an increase of about 74.4%[24] - Net cash flow from operating activities was $413,024,997.22, a significant increase from $12,408,786.09 in the previous period, indicating strong operational performance[25] - The total cash and cash equivalents at the end of the period reached $355,977,555.71, up from $50,480,190.27, indicating improved liquidity[25] Research and Development - Research and development expenses totaled ¥19,458,580.63, a decrease of 40.97% compared to the previous year[5] - The R&D expenditure accounted for 2.50% of revenue, down 7.18 percentage points from the previous year[5] - Research and development expenses for the current reporting period decreased by 40.97%, primarily due to resources being allocated to contracted development projects[11] Assets and Liabilities - Total assets increased by 19.12% to ¥3,059,583,778.56 compared to the end of the previous year[5] - As of September 30, 2025, the total assets of the company reached RMB 3,059,583,778.56, an increase from RMB 2,568,531,740.32 as of December 31, 2024, representing a growth of approximately 19.1%[16] - The company's current assets amounted to RMB 1,873,171,452.08, up from RMB 1,299,559,836.23, indicating a significant increase of about 44.1%[16] - Total liabilities decreased to RMB 1,873,171,452.08 from RMB 1,299,559,836.23, showing a reduction of about 44.1%[16] - The company's total liabilities increased to ¥2,393,526,454.66 in 2025 from ¥1,988,809,387.53 in 2024, representing an increase of approximately 20.3%[18] - The total equity attributable to shareholders increased to ¥666,057,323.90 in 2025 from ¥579,722,352.79 in 2024, reflecting an increase of about 14.9%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,245, indicating a stable shareholder base[13] - The largest shareholder, Heze Beixiang New Energy Technology Co., Ltd., holds 11.81% of the shares, totaling 69,677,522 shares[13] - The second-largest shareholder, Noble Ray International Limited, holds 9.19% of the shares, totaling 54,258,721 shares[13] Operational Insights - The company attributed the revenue growth primarily to significant increases in sales of electric drive systems for new energy vehicles[9] - The company has not reported any significant changes in its shareholder structure or participation in margin trading activities[15] - There are no other significant reminders or important information regarding the company's operational status during the reporting period[15] Accounting and Reporting Changes - The company will implement new accounting standards starting in 2025, which may affect future financial reporting[26]