Core Viewpoint - Kunheng Shunwei (688283.SH) reported significant growth in its Q3 2025 financial results, indicating strong operational performance and profitability improvements [1] Financial Performance - The company's operating revenue reached 54.958 million yuan, representing a year-on-year increase of 35.60% [1] - Net profit attributable to shareholders was 13.378 million yuan, showing a substantial year-on-year growth of 416.49% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.1802 million yuan, reflecting an impressive year-on-year increase of 907.21% [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥54,957,972.24, representing a year-on-year increase of 35.60%[3] - The total profit for the quarter was ¥11,470,660.28, showing a significant increase of 1,636.54% compared to the same period last year[3] - Net profit attributable to shareholders was ¥13,377,892.59, reflecting a year-on-year growth of 416.49%[3] - The net profit for the year-to-date period reached ¥26,189,829.86, an increase of 57.85% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥157,317,876.72, a 29.7% increase from ¥121,327,185.07 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥26,189,829.86, representing a 57.8% increase compared to ¥16,591,067.99 in the previous year[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.22, compared to ¥0.14 in the same period of 2024[20] Cash Flow and Investments - The net cash flow from operating activities for the quarter was ¥37,904,692.85, an increase of 87.05% year-on-year[3] - Cash flow from operating activities generated a net amount of ¥13,330,826.08, down from ¥19,807,918.11 in the previous year[23] - Cash inflow from investment activities was significantly higher at ¥869,335,560.52 compared to ¥296,510,701.37 in the same period of 2024[23] - The company reported a net cash outflow from investment activities of ¥738,888,772.23, an increase from ¥426,707,505.16 year-over-year[23] - The net cash flow from financing activities was -31,918,992.60, compared to -34,790,650.65 in the previous period, indicating a slight improvement[24] - The net increase in cash and cash equivalents was 111,858,621.77, contrasting with a decrease of -145,179,536.33 in the prior year[24] - The ending balance of cash and cash equivalents reached 331,440,558.34, up from 172,357,596.76 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,149,750,434.49, a decrease of 2.38% from the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to CNY 1,149,750,434.49, a decrease from CNY 1,177,747,047.43 as of December 31, 2024[14] - The company's current assets totaled CNY 983,127,931.90, down from CNY 1,010,584,307.06 in the previous period[15] - Total liabilities decreased to CNY 183,191,055.84 from CNY 207,143,669.70, a reduction of about 11.6%[16] - Current liabilities totaled CNY 105,640,421.37, down from CNY 135,744,182.78, indicating a decrease of approximately 22.2%[16] - Non-current liabilities increased to CNY 77,550,634.47 from CNY 71,399,486.92, reflecting an increase of about 8.5%[16] - The company's equity remained stable at CNY 121,800,000.00, unchanged from the previous period[16] - The total equity attributable to shareholders of the parent company was ¥966,559,378.65, slightly down from ¥970,603,377.73[17] - The total liabilities and equity amounted to ¥1,149,750,434.49, a decrease from ¥1,177,747,047.43[17] Research and Development - Research and development expenses totaled ¥18,142,677.36, accounting for 33.01% of operating revenue, a decrease of 18.62 percentage points compared to the previous year[4] Strategic Outlook - The company attributed revenue growth to structural improvements in downstream market demand and increased investment in emerging industries[8] - The company plans to continue enhancing product performance and expanding its product matrix to drive future growth[9] Inventory and Receivables - Cash and cash equivalents were reported at CNY 636,714,265.09, compared to CNY 679,283,932.82 at the end of 2024, indicating a decrease of approximately 6.3%[14] - Accounts receivable decreased to CNY 183,764,057.10 from CNY 202,605,727.02, reflecting a decline of about 9.3%[14] - Inventory increased to CNY 129,861,439.23 from CNY 106,959,309.18, representing an increase of approximately 21.4%[15] - The company reported a significant increase in other receivables, which rose to CNY 3,914,612.29 from CNY 3,637,117.64, an increase of approximately 7.6%[15] Accounting Changes - The company reclassified sales expenses related to warranty costs amounting to ¥1,213,271.85 into operating costs as per new accounting guidelines[21]

Core Insights - The company reported a third-quarter revenue of 54.958 million yuan, representing a year-on-year increase of 35.60% [1] - The net profit for the third quarter was 13.378 million yuan, showing a significant year-on-year growth of 416.49% [1] - For the first three quarters, the total revenue reached 157 million yuan, which is a year-on-year increase of 29.66% [1] - The net profit for the first three quarters amounted to 26.1898 million yuan, reflecting a year-on-year growth of 57.85% [1]

Core Viewpoint - On October 9, 2023, Kunheng Shunwei's stock price fell by 1.76%, with a trading volume of 61.29 million yuan. The company experienced a net financing purchase of 6.69 million yuan, indicating strong investor interest despite the price drop [1] Financing and Margin Trading - On October 9, Kunheng Shunwei had a financing purchase amount of 12.20 million yuan and a financing repayment of 5.52 million yuan, resulting in a net financing purchase of 6.69 million yuan. The total financing and margin trading balance reached 62.47 million yuan, accounting for 1.55% of the circulating market value, which is above the 90th percentile of the past year [1] - The company had no short selling activity on October 9, with both short selling and repayment amounts at zero, indicating a lack of bearish sentiment among investors [1] Company Overview - Kunheng Shunwei Technology Co., Ltd. was established on July 14, 2010, and went public on February 15, 2022. The company specializes in the research, development, production, and sales of high-end radio testing and simulation instruments, primarily serving sectors such as mobile communications, wireless networking, radar, electronic countermeasures, vehicle networking, and navigation [1] - The main revenue composition includes 89.20% from radio testing and simulation, 9.40% from other sources, and 1.40% from HBI modular components [1] Financial Performance - As of June 30, 2023, Kunheng Shunwei reported a total revenue of 102 million yuan for the first half of 2023, representing a year-on-year growth of 26.69%. However, the net profit attributable to shareholders decreased by 8.49% to 12.81 million yuan [2] - The number of shareholders increased by 8.36% to 2,462, while the average circulating shares per person decreased by 7.72% to 34,724 shares [2] Dividend Distribution - Since its A-share listing, Kunheng Shunwei has distributed a total of 63.37 million yuan in dividends, with 58.16 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2023, among the top ten circulating shareholders, E Fund Strategic Emerging Industries Stock A held 2.41 million shares, remaining unchanged from the previous period. Meanwhile, the Fortune New Vitality Flexible Allocation Mixed A fund exited the top ten circulating shareholders list [4]

Market Performance - On September 29, the communication equipment sector rose by 1.31%, with Sanwang Communication leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Individual Stock Performance - Notable performers included: - Sanwang Communication (688618) with a closing price of 26.97, up 7.11% on a trading volume of 33,500 shares [1] - Kunheng Shunwei (688283) closed at 33.49, up 6.69% with a volume of 29,500 shares [1] - Youfang Technology (651889) at 71.85, up 6.65% with a volume of 75,400 shares [1] - Other significant gainers included Shijia Technology (002796), ST Jinglun (600355), and Guangku Technology (300620) [1] Capital Flow Analysis - The communication equipment sector experienced a net outflow of 1.666 billion yuan from institutional investors and 153 million yuan from speculative funds, while retail investors saw a net inflow of 1.819 billion yuan [2] - Key stocks with significant capital flow included: - New Yisheng (300502) with a net inflow of 500 million yuan from institutional investors, but a net outflow of 322 million yuan from speculative funds [2] - Other stocks like Guangku Technology (300620) and Dekeli (688205) also showed mixed capital flows [2]

从坤恒顺维十大流通股东角度 9月29日，坤恒顺维涨5.77%，截至发稿，报33.20元/股，成交2453.10万元，换手率0.62%，总市值40.44 亿元。 资料显示，成都坤恒顺维科技股份有限公司位于四川省成都高新区康强二路388号，成立日期2010年7月 14日，上市日期2022年2月15日，公司主营业务涉及高端无线电测试仿真仪器仪表研发、生产和销售,重 点面向移动通信、无线组网、雷达、电子对抗、车联网、导航等领域,提供用于无线电设备性能、功能 检测的高端测试仿真仪器仪表及系统解决方案。主营业务收入构成为：无线电测试仿真仪89.20%，其 他(补充)9.40%，HBI模块化组件1.40%。 数据显示，易方达基金旗下1只基金位居坤恒顺维十大流通股东。易方达战略新兴产业股票A （010391）二季度持有股数241.24万股，持股数量与上期相比不变，占流通股的比例为2.82%。根据测 算，今日浮盈赚取约436.64万元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任 ...

Group 1 - The core point of the article highlights the recent stock performance of Kunheng Shunwei, which saw a decline of 5.27%, trading at 31.10 CNY per share with a total market capitalization of 3.788 billion CNY [1] - Kunheng Shunwei Technology Co., Ltd. specializes in the research, development, production, and sales of high-end radio testing and simulation instruments, primarily serving sectors such as mobile communications, wireless networking, radar, electronic countermeasures, vehicle networking, and navigation [1] - The company's main business revenue composition includes 89.20% from radio testing and simulation, 9.40% from other sources, and 1.40% from HBI modular components [1] Group 2 - From the perspective of major circulating shareholders, E Fund's Strategic Emerging Industries Stock A holds 2.82% of circulating shares, with a stable holding of 2.4124 million shares [2] - The fund has reported a year-to-date return of 92.25%, ranking 17th out of 4222 in its category, and a one-year return of 146.61%, ranking 44th out of 3813 [2] - The fund manager, Ouyang Liangqi, has achieved a best fund return of 100.82% and a worst fund return of 62.35% during his tenure of 2 years and 141 days [2]

Core Viewpoint - On September 15, Kunheng Shunwei experienced a decline of 2.87% in stock price, with a trading volume of 52.82 million yuan, indicating a high level of market activity and investor interest [1] Financing Summary - On September 15, Kunheng Shunwei had a financing buy-in amount of 9.97 million yuan and a financing repayment of 5.80 million yuan, resulting in a net financing buy of 4.17 million yuan [1] - As of September 15, the total financing and securities lending balance for Kunheng Shunwei was 47.33 million yuan, which represents 1.16% of its market capitalization and is above the 90th percentile of the past year [1] - The company had no securities lending activity on September 15, with a securities lending balance of 0.00 yuan, also indicating a high position relative to the past year [1] Business Performance - As of June 30, Kunheng Shunwei reported a total of 2,462 shareholders, an increase of 8.36% from the previous period, while the average circulating shares per person decreased by 7.72% to 34,724 shares [2] - For the first half of 2025, the company achieved operating revenue of 102 million yuan, reflecting a year-on-year growth of 26.69%, while the net profit attributable to shareholders decreased by 8.49% to 12.81 million yuan [2] Dividend Information - Since its A-share listing, Kunheng Shunwei has distributed a total of 63.37 million yuan in dividends, with 58.16 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, E Fund Strategic Emerging Industries Stock A held 2.41 million shares, remaining unchanged from the previous period, while the Fortune New Vitality Flexible Allocation Mixed A fund exited the top ten list [4]

关于 法律意见书 广东华商律师事务所 成都坤恒顺维科技股份有限公司 2025 年第二次临时股东会的 法律意见书 二〇二五年九月 深圳市福田区深南大道 4011 号香港中旅大厦 21-26 楼 法律意见书 广东华商律师事务所关于 成都坤恒顺维科技股份有限公司 2025 年第二次临时股东会的 法律意见书 致：成都坤恒顺维科技股份有限公司 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》"）、《上市公司股东会规则》（以下 简称"《股东会规则》"）、《上海证券交易所上市公司自律监管指引第 1 号— —规范运作》（"以下简称《1 号指引》"）等法律、行政法规、规范性文件以 及《成都坤恒顺维科技股份有限公司章程》（以下简称"《公司章程》"）的规 定，广东华商律师事务所（以下简称"本所"）接受成都坤恒顺维科技股份有限 公司（以下简称"公司"）委托，指派本所律师出席公司 2025 年第二次临时股 东会会议（以下简称"本次股东会"），对本次股东会的召开过程进行见证，并 就本次股东会相关事项出具本法律意见书。 本所同意将本法律意见书作为本次股东会的法定文件予以公告，并愿依法 ...

证券代码：688283 证券简称：坤恒顺维 公告编号：2025-051 成都坤恒顺维科技股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 9 月 11 日 （二） 股东会召开的地点：成都市高新区康强二路 388 号 2 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 30 | | --- | --- | | 普通股股东人数 | 30 | | 2、出席会议的股东所持有的表决权数量 | 48,751,954 | | 普通股股东所持有表决权数量 | 48,751,954 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 40.3082 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 40.3082 | （四） 表决方 ...