Core Viewpoint - The company reported a decline in both revenue and net profit for the third quarter, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 106 million yuan in the third quarter, representing a year-on-year decrease of 15.79% [1] - The net profit attributable to shareholders was 14.87 million yuan, down 37.56% year-on-year [1]

证券代码：688305 证券简称：科德数控 公告编号：2025-024 科德数控股份有限公司 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 5 日(星期三)上午 09:00-10:00 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 11 月 5 日上午 09:00-10:00 1 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 10 月 29 日(星期三) 至 11 月 4 日(星期二)16:00 前 登录上证路演中心网站首页点击" ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥105,883,030.52, a decrease of 15.79% compared to the same period last year[4] - Total profit for the quarter was ¥15,578,179.84, down 42.71% year-on-year[4] - Net profit attributable to shareholders was ¥14,871,796.27, reflecting a decline of 37.56% compared to the previous year[4] - The basic earnings per share decreased by 51.96% to ¥0.1125, primarily due to reduced net profit and an increase in the number of shares from capital reserves[5][9] - The net profit after deducting non-recurring gains and losses was ¥12,204,093.82, down 31.58% year-on-year[4] - Net profit for the first three quarters of 2025 was ¥63,650,012.83, a decrease of 11.9% from ¥72,084,312.03 in the previous year[19] - Basic earnings per share for the current period was ¥0.5535, down from ¥0.7380 in the same period last year[19] Research and Development - Research and development expenses totaled ¥42,340,342.03, representing 39.99% of operating revenue, an increase of 8.61 percentage points year-on-year[5] - Research and development expenses rose to ¥30,171,321.95, compared to ¥22,898,091.35 in the previous year, indicating a focus on innovation[18] Assets and Liabilities - The company's total assets increased by 0.57% to ¥2,269,196,936.26 compared to the end of the previous year[5] - Total non-current assets amounted to ¥992,135,436.67, an increase of 9.7% from ¥904,124,078.74[16] - Total liabilities decreased to ¥392,186,997.26, down 8.5% from ¥428,743,790.85 year-over-year[16] - Total assets increased slightly to ¥2,269,196,936.26 from ¥2,256,399,002.63, reflecting a growth of 0.6%[16] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥217,564,744.89, showing a significant improvement from a negative cash flow in the same period last year[10] - In the first three quarters of 2025, the company generated operating cash inflows of ¥554,043,827.62, an increase of 21.9% compared to ¥454,367,512.03 in the same period of 2024[21] - The net cash flow from operating activities for the first three quarters of 2025 was ¥217,564,744.89, a significant improvement from a net outflow of ¥19,736,400.30 in 2024[21] - The company received cash from investment activities totaling ¥706,897,441.05, up from ¥384,308,082.19 in the previous year, marking an increase of 83.9%[22] - The net cash flow from investment activities was -¥241,097,422.13, an improvement from -¥344,054,439.27 in the same period last year[22] - The company reported a net decrease in cash and cash equivalents of -¥48,580,484.04 for the first three quarters of 2025, compared to an increase of ¥196,450,063.53 in 2024[22] - The ending balance of cash and cash equivalents as of September 2025 was ¥304,071,890.63, down from ¥425,782,913.20 at the end of September 2024[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,201[12] - The largest shareholder, Dalian Guangyang Technology Group Co., Ltd., holds 33,982,000 shares, representing 25.57% of total shares[12] - The top 10 shareholders collectively hold 35.50% of the company's shares, indicating a stable ownership structure[13] - The company has no changes in the top 10 shareholders due to margin trading or securities lending[13] Operational Strategy - The company has not reported any new product developments or market expansion strategies during the reporting period[12] - There are no significant changes in the company's operational strategies or mergers and acquisitions reported[12] Operating Costs - Total operating costs increased to ¥338,075,498.44, up 13.1% from ¥298,943,318.98 year-over-year[18] - The company paid ¥171,080,210.67 for goods and services in the first three quarters of 2025, a decrease of 42.8% from ¥298,747,513.28 in 2024[21] - The company received ¥153,803,176.70 in other operating cash, significantly up from ¥58,481,628.51 in the previous year, reflecting a growth of 162.5%[21] - The company paid ¥25,047,806.80 in financing activities, slightly down from ¥30,759,083.72 in the same period last year[22] Accounting Standards - The company did not apply new accounting standards for the first time in 2025[23]

Core Viewpoint - The company reported a decline in both revenue and net profit for the third quarter, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 106 million yuan in the third quarter, representing a year-on-year decrease of 15.79% [1] - The net profit attributable to shareholders was 14.87 million yuan, down 37.56% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 12.20 million yuan, reflecting a year-on-year decline of 31.58% [1] - The basic earnings per share were reported at 0.1125 yuan [1]

Core Viewpoint - The company has experienced a slowdown in the growth rate of new orders compared to last year, but the current order backlog remains robust [1] Group 1: Order and Capacity - The company is advancing its capacity construction projects in Dalian, Yinchuan, and Shenyang according to established goals [1] - The company is focusing on optimizing new factory support, developing high-end technology models, and exploring emerging markets to drive domestic substitution and scale expansion [1]

Core Viewpoint - The company has experienced a slowdown in the growth rate of new orders compared to last year, but the current order backlog remains robust [1] Group 1: Order and Capacity - The company is advancing its capacity construction projects in Dalian, Yinchuan, and Shenyang according to established goals [1] - Despite the slowdown in new order growth, the company maintains a healthy order backlog [1] Group 2: Strategic Initiatives - The company is focused on optimizing new factory support, developing high-end technology models, and exploring emerging markets [1] - These initiatives aim to promote the process of domestic substitution and scale expansion [1]

Core Insights - As of October 20, a total of 79 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more [1] Group 1: Stocks with Longest Continuous Net Inflows - The stocks with the longest continuous net inflows are Yongmaotai, Kede CNC, and Fanwei Network, each having recorded net inflows for nine consecutive trading days [1] - Other notable stocks with significant net inflows include Mindray Medical, BOE Technology Group, Xingqi Eye Medicine, Maixinlin, Dongfang Electronics, Cangzhou Mingzhu, Zhongke Software, and Yingke Medical [1]

Core Points - Kede CNC (688305) closed at 62.55 yuan on October 17, 2025, down 7.15% from last week's closing price of 67.37 yuan [1] - The stock reached a weekly high of 70.9 yuan on October 13 and a low of 62.51 yuan on October 17 [1] - The current market capitalization of Kede CNC is 8.313 billion yuan, ranking 48th out of 217 in the general equipment sector and 2125th out of 5158 in the A-share market [1] Company Announcements - Kede CNC and its wholly-owned subsidiary, Ningxia Kede CNC Technology Co., Ltd., received a total of 56.826 million yuan in government subsidies, with 45.3939 million yuan being the actual amount received related to assets [1] - The subsidies include amounts for projects led by the company, which will require subsequent payments to participating research units [1] - The company will recognize these subsidies according to the relevant provisions of the "Accounting Standards for Enterprises No. 16 - Government Subsidies," and the final accounting treatment and impact on the company's profits will depend on the annual audit confirmation results [1]

Core Viewpoint - The company Kede CNC (688305.SH) has indicated that its five-axis vertical machining centers and motors are currently serving users in the semiconductor sector. However, it has not yet established formal partnerships with Xinkailai and Yuliangsheng [1] Company Summary - Kede CNC's products, including five-axis vertical machining centers and motors, are utilized in the semiconductor industry [1] - The company has not formed official collaborations with Xinkailai and Yuliangsheng as of now [1]

Core Points - Kede CNC Co., Ltd. received government subsidies totaling RMB 56.826 million [2] - The actual subsidy amount received by Kede CNC and its wholly-owned subsidiary, Ningxia Kede CNC Technology Co., Ltd., is RMB 45.3939 million, all related to assets [2] - Kede CNC is primarily engaged in the production of five-axis CNC machine tools, high-end CNC systems, key functional components, and flexible automation production lines [2] Financial Summary - Total government subsidies received: RMB 56.826 million [2] - Actual subsidies received (Kede CNC and Ningxia Kede): RMB 45.3939 million [2] Business Overview - Main products include high-end CNC machine tools and high-end CNC systems, servo drive devices, series motors, series sensor products, electric spindles, milling heads, and rotary tables [2]