Financial Performance - The company's operating revenue for the third quarter was ¥91,519,055.49, representing a year-on-year increase of 26.41%[3]. - The total profit for the third quarter was -¥8,850,988.32, with a year-to-date total profit of -¥69,555,534.61[3]. - The net profit attributable to shareholders for the third quarter was -¥9,034,232.39, and year-to-date it was -¥69,899,142.81[3]. - Total operating revenue for the first three quarters of 2025 was ¥219,090,333.01, a decrease of 16.3% compared to ¥261,577,847.09 in the same period of 2024[23]. - Net loss for the first three quarters of 2025 was ¥69,854,247.01, compared to a net loss of ¥41,483,669.21 in the same period of 2024, representing a 68.2% increase in losses[24]. - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.44, compared to -¥0.26 in the same period of 2024[25]. - The company’s net loss for the period was -32,635,881.95 RMB, compared to a profit of 19,939,856.84 RMB in the previous year, highlighting challenges in profitability[33]. - Operating profit for the first three quarters of 2025 was a loss of RMB 52.61 million, compared to a loss of RMB 40.48 million in 2024, indicating a worsening performance[36]. - Net profit for the first three quarters of 2025 was a loss of RMB 52.58 million, compared to a loss of RMB 29.51 million in 2024, reflecting increased financial challenges[36]. Cash Flow - The cash flow from operating activities for the third quarter was ¥33,095,221.78, showing a significant increase of 236.51% year-on-year[3]. - The net cash flow from operating activities increased by RMB 13.3364 million year-on-year, attributed to a decrease in cash paid to employees[12]. - Cash flow from operating activities for the first three quarters of 2025 was RMB 20.32 million, an increase of 109.0% from RMB 9.70 million in 2024[39]. - Total cash inflow from financing activities was 76,177,598.44 RMB, compared to 84,000,000.00 RMB in the previous year, with net cash flow from financing activities improving to 11,990,274.83 RMB from -96,770,742.24 RMB[29]. - Cash and cash equivalents at the end of the period decreased to 72,806,239.05 RMB from 28,800,494.74 RMB year-over-year[29]. - Cash and cash equivalents at the end of the first three quarters of 2025 were RMB 69.24 million, compared to RMB 27.86 million at the end of 2024, showing improved liquidity[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥850,846,549.54, a decrease of 6.29% compared to the end of the previous year[4]. - The company's total assets were RMB 850,846,549.54 as of September 30, 2025, down from RMB 907,995,626.34 at the end of 2024[19]. - Total current assets as of September 30, 2025, amounted to RMB 384,875,971.48, a decrease from RMB 420,340,961.88 as of December 31, 2024[19]. - Total liabilities decreased to ¥353,476,635.25 in 2025 from ¥361,449,063.48 in 2024, a reduction of 2.7%[21]. - Non-current liabilities increased to ¥75,982,399.03 in 2025 from ¥64,764,006.28 in 2024, an increase of 17.1%[21]. - The company's total equity decreased to ¥497,369,914.29 in 2025 from ¥546,546,562.86 in 2024, a decline of 9.0%[21]. - The company reported a decrease in accounts receivable to 187,240,673.59 RMB from 206,206,694.05 RMB, indicating improved collection efficiency[31]. - Inventory levels decreased to 44,497,973.70 RMB from 54,257,955.90 RMB, reflecting better inventory management[31]. - The company reported a total non-current asset value of RMB 465,970,578.06, down from RMB 487,654,664.46[19]. Research and Development - Research and development expenses totaled ¥13,795,238.32 for the third quarter, accounting for 15.07% of operating revenue[4]. - Research and development expenses for the first three quarters of 2025 were ¥42,409,486.01, down 10.4% from ¥47,508,800.79 in 2024[24]. - Research and development expenses for the first three quarters of 2025 were RMB 37.13 million, down 16.5% from RMB 44.45 million in 2024, indicating a potential shift in investment strategy[35]. Shareholder Information - As of September 30, 2025, the total number of common shareholders was 6,303[14]. - The top shareholder, Shao Zehua, holds 101,165,281 shares, representing 60.22% of the total shares[14]. - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[16]. Future Outlook - The company expects improved operating conditions in the fourth quarter, with increased revenue and gross margin anticipated[11]. - The company received government subsidies totaling ¥985,137.33 related to assets, which are expected to have a lasting impact on profitability[10].

Group 1 - The core viewpoint of the article indicates that Qin Chuan IoT reported a revenue of 91.5191 million yuan in the third quarter, representing a year-on-year increase of 26.41% [1] - The net profit for the third quarter showed a loss of 9.0342 million yuan [1] - For the first three quarters, the total revenue was 219 million yuan, reflecting a year-on-year decline of 16.24% [1] - The net profit for the first three quarters also indicated a loss of 69.8991 million yuan [1]

Market Overview - The Shanghai Composite Index closed at 3865.23 points, with a decline of 0.62% [1] - The total trading volume of A-shares reached 25,965.85 billion yuan [1] Technical Analysis - A total of 114 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hongxing Co., Ltd. with a distance of -2.60% [1] - Huayi Technology with a distance of -2.54% [1] - Top Group with a distance of -2.48% [1] Individual Stock Performance - Hongxing Co., Ltd. (001209) saw a decline of 2.11% with a trading turnover of 4.66% [1] - Huayi Technology (688071) experienced a drop of 6.84% with a trading turnover of 5.55% [1] - Top Group (601689) fell by 6.13% with a trading turnover of 2.80% [1] - Other notable declines include: - Green Harmonic (688017) down 7.05% [1] - Fangzheng Electric (002196) down 1.99% [1] - Zhongyou Technology (688648) down 5.32% [1] Additional Stock Movements - Several stocks showed minor declines, including: - ST Huayi (600360) down 0.49% [2] - Olin Biotech (688319) down 7.06% [2] - Qinchuan IoT (688528) down 1.43% [2] - Stocks with slight increases include: - Gujing (000596) up 2.81% [2]

Core Viewpoint - The A-share market is experiencing a decline, with the Shanghai Composite Index down by 0.47% and a total trading volume of 2,104.034 billion yuan as of 14:01 [1]. Group 1: Market Performance - The Shanghai Composite Index is at 3,871.31 points, reflecting a decrease of 0.47% [1]. - A total of 91 A-shares have seen their 5-day moving averages cross below their 10-day moving averages, indicating potential bearish trends [1]. Group 2: Notable Stocks - Hongxing Co. (001209) has a 5-day moving average of 18.33 yuan, down 1.39% today, with a distance of -2.53% from its 10-day moving average [1]. - Huayi Technology (688071) shows a significant drop of 5.62%, with its 5-day moving average at 40.79 yuan, which is -2.43% lower than its 10-day moving average [1]. - Top Group (601689) has decreased by 5.54%, with a 5-day moving average of 73.56 yuan, -2.42% from its 10-day moving average [1].

Core Viewpoint - Chengdu Qinchuan Internet of Things Technology Co., Ltd. is set to hold a performance briefing for the first half and third quarter of 2025 on October 21, 2025, to enhance investor understanding of its operational results and financial status [2][3]. Group 1: Meeting Details - The performance briefing will take place on October 21, 2025, from 14:00 to 15:00 [2][3]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][3]. - Investors can submit questions from October 14 to October 20, 2025, before 16:00, through the Roadshow Center website or via the company's email [2][4]. Group 2: Participants - Key participants in the meeting will include the Chairman and General Manager, Mr. Shao Zehua, the Vice General Manager, Mr. Li Yong, the Board Secretary and CFO, Ms. Li Ting, and Independent Director, Ms. Liao Weizhi [3]. Group 3: Investor Participation - Investors can join the performance briefing online on the specified date and time through the Roadshow Center website [4]. - The company will address commonly asked questions during the briefing, ensuring a comprehensive interaction with investors [3][4].

证券代码：688528 证券简称：秦川物联 公告编号：2025-022 成都秦川物联网科技股份有限公司 关于召开 2025 年半年度暨第三季度业绩说明会的公告 会议召开时间：2025 年 10 月 21 日(星期二) 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：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 （三） 会议召开方式：上证路演中心网络互动 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： 投资者可于 2025 年 10 月 14 日(星期二)至 10 月 20 日(星期一)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 zhengquanbu@qinchuan-meters.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。 成都秦川物联网科技股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日发布公 司 2025 ...

Core Points - Qin Chuan IoT (688528.SH) reported a significant decline in revenue and increased losses for the first half of 2025, with revenue of 128 million yuan, down 32.57% year-on-year, and a net loss attributable to shareholders of 60.86 million yuan compared to a loss of 19.65 million yuan in the same period last year [1][2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 127,571,277.52 yuan, a decrease of 32.57% from 189,180,181.38 yuan in the previous year [2]. - The net profit attributable to shareholders was -60,864,910.42 yuan, worsening from -19,650,778.62 yuan year-on-year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -61,210,186.74 yuan, compared to -20,741,755.06 yuan in the same period last year [2]. - The net cash flow from operating activities was -45,761,366.91 yuan, compared to -35,837,429.75 yuan in the previous year [2]. Historical Financial Data - From 2022 to 2024, the company's operating revenue was 368 million yuan, 327 million yuan, and 321 million yuan respectively, with net profits of 1.37 million yuan, -59.24 million yuan, and -65.24 million yuan [2][3]. - The net profit after deducting non-recurring gains and losses for the same period was -4.93 million yuan, -56.65 million yuan, and -71.70 million yuan [3]. Company Background - Qin Chuan IoT was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 1, 2020, with an initial share price of 11.33 yuan and a total of 42 million shares issued [4]. - The company raised a total of 47.59 million yuan through its IPO, with a net amount of 41.66 million yuan after expenses [5].

Group 1 - JinkoSolar's subsidiary plans to sell 80% stake in Jinko New Materials for 80 million yuan, which will no longer be included in JinkoSolar's consolidated financial statements [1] - Zhongtai Automobile's subsidiary has been forced to dismantle its T300 vehicle assembly line, making it unable to resume production this year, leading to uncertainty in its ongoing operational capacity [1] - Springlight Technology's shareholders plan to reduce their holdings by a total of 0.68% of the company's shares between October 9, 2025, and January 8, 2026 [2] Group 2 - Sentech's energy storage and charging integration business is in the expansion phase, with its main business focusing on building-integrated photovoltaics (BIPV) and environmental remediation [3] - Qinchuan IoT plans to reduce its holdings by up to 1% of the company's shares from October 9, 2025, to January 8, 2026, with proceeds to be used for working capital [4] - Redick's shareholder plans to reduce holdings by up to 2% of the company's shares starting from September 9, 2025 [5] Group 3 - Guangxun Technology plans to raise up to 3.5 billion yuan through a private placement to fund various projects, including optical connection and high-speed optical transmission product production [8] - Shanghai Electric has terminated its acquisition of K-Electric Limited, which was planned for 1.773 billion USD, and is now focusing on investing in offshore photovoltaic and wind power projects [9][10] - Longsoft Technology's shareholder intends to transfer 1.72% of the company's shares through a non-public transfer [10] Group 4 - Amgen Pharmaceuticals' shareholders plan to reduce their holdings by a total of 6% of the company's shares between October 9, 2025, and January 8, 2026 [11] - Juhe Materials intends to acquire the blank mask business from SKE for approximately 35 million yuan to expand its semiconductor materials business [12] - Linuo Medical Packaging's shareholder plans to reduce holdings by up to 3% of the company's shares from October 9, 2025, to January 8, 2026 [13] Group 5 - Dongzhu Ecology plans to acquire 89.49% of Kairuixing Technology through a combination of share issuance and cash payment, aiming to enter the satellite communication and space information technology sector [14] - Dabeinong's controlling shareholder plans to reduce holdings by up to 1.99% of the company's shares starting from September 10, 2025 [15] - Tianji Technology is promoting the industrialization of lithium sulfide material preparation patents, currently in the early stages of development [16] Group 6 - Jing Shan Light Machine's subsidiary has secured a procurement order worth approximately 1.005 billion yuan from a leading lithium battery company [17] - Daheng Technology plans to establish a wholly-owned subsidiary with an investment of 600 million yuan to expand its semiconductor business [18]

Group 1 - The company Qin Chuan IoT announced a share repurchase plan to buy back approximately 10.44 million shares between February 22, 2024, and May 14, 2024, aimed at maintaining company value and shareholder rights [1] - The company has already reduced its holdings by 1.68 million shares, which represents 1% of the total share capital, through centralized bidding transactions [1] - As of the announcement date, the company holds approximately 8.76 million shares in its repurchase account [1] Group 2 - The company's revenue composition for the year 2024 is 98.35% from manufacturing and 1.65% from other businesses [1] - The current market capitalization of Qin Chuan IoT is 1.9 billion yuan [2]

Group 1 - The company Qin Chuan IoT (688528) announced plans to reduce its repurchased shares by up to 1.68 million shares, which represents 1% of its total share capital [1] - The reduction will occur through centralized bidding transactions at market prices [1] - The timeframe for this reduction is set for three months starting from 15 trading days after the announcement [1]