Core Viewpoint - Meiteng Technology, established in January 2015 and listed on the Shanghai Stock Exchange in December 2022, is a technology enterprise focused on intelligent equipment and systems for the mining and industrial sectors, showcasing significant investment value due to its high product functionality and technological advantages [1] Financial Performance - For Q3 2025, Meiteng Technology reported revenue of 396 million yuan, ranking 44th among 58 companies in the industry, with the industry leader, Zhongchuang Zhiling, generating 30.745 billion yuan [2] - The net profit for the same period was 2.6976 million yuan, placing the company 51st in the industry, while the top two competitors reported net profits of 3.705 billion yuan and 3.525 billion yuan respectively [2] Financial Ratios - As of Q3 2025, Meiteng Technology's debt-to-asset ratio was 23.82%, an increase from 20.45% year-on-year, significantly lower than the industry average of 46.18% [3] - The gross profit margin for Q3 2025 was 35.48%, down from 37.00% year-on-year, but still above the industry average of 26.77% [3] Executive Compensation - The chairman, Li Taiyou, received a salary of 886,700 yuan in 2024, a decrease of 401,200 yuan from 2023 [4] - The president, Liang Xingguo, earned 962,400 yuan in 2024, down 376,800 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.14% to 5,069, while the average number of circulating A-shares held per shareholder decreased by 0.14% to 6,728.94 [5]

Core Viewpoint - The company, Tianjin Meiteng Technology Co., Ltd., has announced its third-quarter financial results for 2025, including the provision for asset impairment and the upcoming investor briefing session to discuss these results [8][13]. Financial Data Summary - The financial report for the third quarter of 2025 has not been audited [3]. - The company reported a total of 9,459,521.79 yuan in credit and asset impairment losses for the period from April to September 2025 [14][16]. - The total credit impairment loss for the same period amounted to 10,522,305.77 yuan [15]. Shareholder Information - As of September 30, 2025, the company has a repurchase account holding 2,818,015 shares, representing 3.19% of the total share capital [6]. Investor Briefing Details - The investor briefing is scheduled for November 5, 2025, from 14:00 to 15:00, to discuss the third-quarter results and address investor questions [9][11]. - Investors can submit questions from October 29 to November 4, 2025, through the designated online platform or via email [12].

Core Insights - Meiteng Technology (688420.SH) reported a revenue of 396 million yuan for the first three quarters of 2025, representing a year-on-year decline of 0.40% [1] - The company's net profit attributable to shareholders was 6.41 million yuan, down 81.47% year-on-year [1] - The non-recurring net profit was 1.99 million yuan, reflecting a year-on-year decrease of 89.74% [1] - Basic earnings per share stood at 0.07 yuan [1]

证券代码：688420 证券简称：美腾科技 公告编号：2025-027 天津美腾科技股份有限公司 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： 会议召开时间：2025 年 11 月 5 日（星期三）下午 14:00-15:00 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 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 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 meitengin@tjmeiteng.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。 天津美腾科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发 布公司《2025 年第三季度报告》， ...

证券代码：688420 证券简称：美腾科技 公告编号：2025-026 天津美腾科技股份有限公司 关于2025年4-9月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、计提资产减值准备情况概述 公司 2025 年 4-9 月计提各类信用及资产减值损失共计人民币 9,459,521.79 元， 具体情况如下表所示： 单位：元 | 序号 | 项目 | 年 2025 | 月计提金额 4-9 | | --- | --- | --- | --- | | 1 | 信用减值损失 | | 10,522,305.77 | | 2 | 资产减值损失 | | -1,062,783.98 | | | 合计 | | 9,459,521.79 | 天津美腾科技股份有限公司（以下简称"公司"）依据《企业会计准则》及 相关会计政策的规定，为真实、公允地反映公司截至 2025 年 9 月 30 日的财务状 况和 2025 年 4-9 月的经营成果，对合并范围内截至 2025 年 9 月 30 日的应收账款、 其他应收款、应收票据 ...

Company Summary - Meiteng Technology (SH 688420) announced on October 28 that it will recognize credit impairment losses and asset impairment losses totaling approximately 9.46 million yuan in the consolidated financial statements for the period from April to September 2025, which will reduce the total profit of the consolidated financial statements by the same amount [1] - For the first half of 2025, the revenue composition of Meiteng Technology is as follows: coal industry accounts for 79.76%, non-coal mining accounts for 19.58%, and others account for 0.67% [1] - As of the time of reporting, Meiteng Technology has a market capitalization of 2.3 billion yuan [1] Industry Summary - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with the technology sector leading the market's transformation and a new "slow bull" market pattern emerging [1]

Financial Performance - The company's revenue for Q3 2025 was CNY 130,698,874.28, representing a year-on-year increase of 13.04%[3] - The total profit for the period was a loss of CNY 6,619,098.85, a decrease of 3,273.65% compared to the previous year[3] - The net profit attributable to shareholders was a loss of CNY 1,724,150.93, down 160.03% year-on-year[3] - The basic earnings per share for the current period was CNY -0.02, a decrease of 166.67% year-on-year[3] - The weighted average return on equity was -0.12%, a decrease of 0.32 percentage points compared to the previous year[3] - Net profit for the first three quarters of 2025 was CNY 2,697,610.90, a significant decrease from CNY 32,975,931.66 in the same period of 2024, representing a decline of approximately 91.8%[19] - Operating revenue for the first three quarters of 2025 was CNY 395,743,437.96, slightly down from CNY 397,326,783.54 in 2024, showing a decrease of about 0.4%[18] - The company reported a basic earnings per share of CNY 0.07 for the first three quarters of 2025, down from CNY 0.40 in the same period of 2024[20] Research and Development - Research and development expenses totaled CNY 12,351,796.78, a decrease of 33.82% compared to the same period last year[3] - The proportion of R&D expenses to revenue was 9.45%, a decrease of 6.69 percentage points year-on-year[3] - Research and development expenses decreased to CNY 41,167,296.24 from CNY 50,255,055.29, a reduction of approximately 18.1%[19] Assets and Liabilities - The total assets at the end of the period were CNY 1,923,830,532.90, an increase of 3.35% from the previous year[4] - Total assets increased to CNY 1,923,830,532.90 from CNY 1,861,396,870.14, reflecting a growth of approximately 3.3% year-over-year[15] - Total liabilities rose to CNY 458,183,886.01, up from CNY 383,837,522.83, indicating an increase of about 19.5%[15] - Total current assets as of September 30, 2025, are ¥1,668,222,443.05, compared to ¥1,644,699,280.91 at the end of 2024, indicating a slight increase of approximately 1.5%[14] - Non-current assets total ¥255,608,089.85, up from ¥216,697,589.23, showing an increase of about 18%[14] Cash Flow - The net cash flow from operating activities was not applicable for the current period, but was CNY -31,328,580.60 for the year-to-date[3] - Cash generated from operating activities increased to CNY 349,369,944.07, compared to CNY 282,205,735.95 in the previous year, marking an increase of about 23.8%[21] - The net cash inflow from operating activities was $368.65 million, an increase from $314.54 million year-over-year[22] - The net cash outflow from operating activities was $399.98 million, slightly up from $398.33 million year-over-year[22] - The net cash flow from investing activities was -$237.98 million, worsening from -$122.54 million year-over-year[22] - The total cash inflow from financing activities was $2.75 million, a significant decrease from $22.40 million year-over-year[23] - The ending cash and cash equivalents balance was $449.60 million, down from $659.89 million year-over-year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,069[10] - The largest shareholder, Tianjin Meiteng Asset Management Co., Ltd., holds 16,880,000 shares, accounting for 19.09% of total shares[10] - The top 10 shareholders include significant individual and corporate investors, with the top three holding a combined 42.33% of shares[10] - The company has a share repurchase account holding 2,818,015 shares, which is 3.19% of the total share capital[11] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[12] Investment Performance - The company experienced a net loss from investments of CNY 16,210,216.74, compared to a loss of CNY 6,801,338.62 in the previous year, indicating a worsening of investment performance[19] - The company’s long-term equity investments increased to ¥33,686,378.53 from ¥30,768,141.62, marking an increase of approximately 9.4%[14] Accounting Standards - The company plans to implement new accounting standards starting in 2025[24]

Core Viewpoint - Meiteng Technology's stock has shown a mixed performance in recent trading, with a year-to-date increase of 17.40% and a recent decline in revenue and profit [1]. Group 1: Stock Performance - On October 21, Meiteng Technology's stock rose by 2.05%, reaching 25.40 CNY per share, with a trading volume of 5.4766 million CNY and a turnover rate of 0.64% [1]. - The company's total market capitalization is 2.246 billion CNY [1]. - Year-to-date, the stock price has increased by 17.40%, with a 5-day increase of 2.42%, a 20-day decrease of 0.04%, and a 60-day decrease of 2.64% [1]. Group 2: Company Overview - Meiteng Technology, established on January 21, 2015, and listed on December 9, 2022, is located in Nankai District, Tianjin [1]. - The company specializes in providing intelligent equipment and systems for the mining and industrial sectors, with core products that integrate perception, analysis, reasoning, decision-making, and control functions [1]. - The revenue composition is as follows: intelligent equipment accounts for 71.86%, intelligent systems and instruments 14.44%, and other businesses 13.70% [1]. Group 3: Financial Performance - For the first half of 2025, Meiteng Technology reported operating revenue of 265 million CNY, a year-on-year decrease of 5.91% [1]. - The net profit attributable to the parent company was 8.1313 million CNY, reflecting a significant year-on-year decrease of 74.35% [1]. - As of June 30, the number of shareholders increased by 5.57% to 5,062, while the average circulating shares per person decreased by 5.27% to 6,738 shares [1]. Group 4: Dividend Information - Since its A-share listing, Meiteng Technology has distributed a total of 69.4887 million CNY in dividends [2].

Core Viewpoint - Meiteng Technology focuses on the research, design, manufacturing, and sales of intelligent equipment, intelligent systems, and instruments, with applications in coal, mining, and recycling industries [1] Group 1 - The company primarily engages in two core product categories: intelligent equipment and intelligent systems [1] - The products are widely used in the coal, mining, and recycling sectors [1]

Core Viewpoint - Meiteng Technology's stock has shown a mixed performance in recent trading, with a year-to-date increase of 16.94% but a slight decline in the last five and twenty trading days [1] Company Overview - Meiteng Technology Co., Ltd. is located in Tianjin and was established on January 21, 2015, with its IPO on December 9, 2022 [1] - The company specializes in providing intelligent equipment and systems for the mining and industrial sectors, with core products that integrate perception, analysis, reasoning, decision-making, and control functions [1] - The revenue composition is as follows: intelligent equipment 71.86%, intelligent systems and instruments 14.44%, and other businesses 13.70% [1] Financial Performance - For the first half of 2025, Meiteng Technology reported operating revenue of 265 million yuan, a year-on-year decrease of 5.91%, and a net profit attributable to shareholders of 8.13 million yuan, down 74.35% year-on-year [1] - Cumulative cash dividends since the A-share listing amount to 69.49 million yuan [2] Market Activity - As of October 15, the stock price was 25.30 yuan per share, with a market capitalization of 2.237 billion yuan [1] - The trading volume was 4.409 million yuan, with a turnover rate of 0.52% [1] - The number of shareholders increased by 5.57% to 5,062, while the average circulating shares per person decreased by 5.27% to 6,738 shares [1] Industry Classification - Meiteng Technology is classified under the Shenwan industry category of mechanical equipment - specialized equipment - energy and heavy equipment [1] - The company is associated with several concept sectors, including small-cap stocks, micro-cap stocks, DeepSeek concept, artificial intelligence, and margin trading [1]