Core Insights - The black home appliance sector experienced a 1.34% increase on November 3, with XGIMI Technology leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - XGIMI Technology (688696) closed at 111.89, up 9.04% with a trading volume of 32,600 lots and a transaction value of 352 million [1] - Tongzhou Electronics (002052) rose by 3.37% to 14.74, with a trading volume of 343,400 lots [1] - ST Gauss (002848) increased by 1.88% to 8.15, with a trading volume of less than 39,200 lots [1] - Sichuan Changhong (600839) and Skyworth Digital (000810) both saw a 1.47% increase, closing at 10.33 and 13.80 respectively [1] - Other notable stocks include Feichi Co. (002429) up 0.81% and Jiulian Technology (688609) up 0.49% [1] Capital Flow - The black home appliance sector saw a net inflow of 52.75 million from main funds, while retail funds experienced a net outflow of 37.64 million [1] - Main fund inflows for Sichuan Changhong were negative at -35.79 million, while XGIMI Technology had a positive inflow of 31.84 million [2] - Retail investors showed a significant outflow from XGIMI Technology, totaling -2.56 million [2]

九联科技成立于2001年11月7日，于2021年3月23日在上海证券交易所上市，注册及办公地址均为广东省惠 州市。公司是国内领先的智能终端产品和服务提供商，核心业务涵盖家庭多媒体信息终端等，具备技术研 发和产品定制的差异化优势。 公司主营业务为家庭多媒体信息终端、智能家庭网络通信设备、物联网通信模块及行业应用解决方案、智 慧城市解决方案的研发、生产、销售与服务，所属申万行业为家用电器 - 黑色家电 - 其他黑色家电，涉及 华为鸿蒙、华为盘古等概念板块。 经营业绩：营收行业第四，净利润第六 2025年三季度，九联科技营业收入为17.61亿元，行业排名4/6，低于行业平均数24.39亿元和中位数20.44亿 元，行业第一名创维数字营收64.56亿元，第二名四川九洲28.3亿元。当期净利润为 - 1.27亿元，行业排名 6/6，远低于行业平均数6823.18万元和中位数7943.87万元，行业第一名同洲电子净利润2.3亿元，第二名四 川九洲1.26亿元。 资产负债率高于同业平均，毛利率低于同业平均 偿债能力方面，2025年三季度九联科技资产负债率为73.51%，较去年同期的73.33%略有上升，且高于行业 平均51 ...

证券之星消息，10月31日黑色家电板块较上一交易日上涨0.73%，*ST高斯领涨。当日上证指数报收于 3954.79，下跌0.81%。深证成指报收于13378.21，下跌1.14%。黑色家电板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002848 | *ST高斯 | 8.00 | 2.56% | 4.55万 | 3617.99万 | | | 000810 | 创维数字 | 13.60 | 2.56% | 23.11万 | | 3.14亿 | | 600060 | 海信视像 | 24.78 | 2.19% | 16.55万 | | 4.07亿 | | 000801 | 四川九洲 | 15.32 | 1.46% | 15.19万 | | 2.32亿 | | 688609 | 九联科技 | 10.12 | 1.30% | 12.56万 | | 1.26亿 | | 600839 | 四川长虹 | 10.18 | 0.99% | 85.46万 | | 8.71亿 ...

Market Overview - The black home appliance sector experienced a decline of 2.16% on October 30, with Sichuan Jiuzhou leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock performances in the black home appliance sector included: - Jiulian Technology (688609) rose by 1.63% to a closing price of 66.6 [1] - Sichuan Jiuzhou (000801) fell by 4.25% to a closing price of 15.10 [1] - Tongzhou Electronics (002052) saw a decline of 3.73% to a closing price of 15.21 [1] - The trading volume and turnover for key stocks were significant, with Sichuan Changhong (600839) recording a turnover of 946 million [1] Capital Flow - The black home appliance sector saw a net outflow of 374 million from main funds, while retail investors contributed a net inflow of 223 million [1] - The capital flow for individual stocks indicated: - Jiulian Technology had a net inflow of 3.55 million from main funds [2] - Sichuan Jiuzhou experienced a significant net outflow of 66.24 million from main funds [2] - Creative Digital (000810) had a net outflow of 31.78 million from main funds [2]

Core Viewpoint - The announcement emphasizes the integrity and accuracy of the financial report for the third quarter of 2025, ensuring that there are no false records or misleading statements [2][8]. Financial Data Summary - The financial statements for the third quarter of 2025 have not been audited [3]. - The report includes major accounting data and financial indicators, but specific figures are not provided in the documents [3][4]. - The company confirms that there were no significant changes in the financial indicators compared to previous periods [5]. Board Meeting Details - The sixth meeting of the sixth board of directors was held on October 27, 2025, with all seven directors present, complying with relevant laws and regulations [9]. - The board unanimously approved the proposal regarding the third quarter report, with a voting result of 7 in favor and no opposition [10][11].

Group 1 - Company Jiulian Technology (SH 688609) reported a revenue of approximately 1.761 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 6.28% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 120 million yuan [1] - As of the report date, Jiulian Technology's market capitalization was 4.8 billion yuan [2] Group 2 - 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 [2] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [2]

Group 1 - The core point of the article is that Jiulian Technology (SH 688609) held its sixth board meeting on October 27, 2025, to review its Q3 2025 report and other documents [1] - For the year 2024, Jiulian Technology's revenue composition shows that 97.75% comes from the manufacturing of computers, communications, and other electronic intelligent devices, while other businesses account for 2.25% [1] - As of the report, Jiulian Technology has a market capitalization of 4.8 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

Core Insights - Jiulian Technology (688609.SH) reported a revenue of 659 million yuan for Q3 2025, representing a year-on-year increase of 21.65% [1] - The net profit attributable to shareholders of the listed company was 3.2856 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.1287 million yuan [1]

广东九联科技股份有限公司 第六届董事会第六次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 广东九联科技股份有限公司（以下简称"公司"）第六届董事会第六次会议 （以下简称"本次会议"）于 2025 年 10 月 27 日以现场会议结合通讯表决方式 召开，由董事长詹启军召集并主持，本次会议应出席董事 7 名，实际出席董事 7 名，本次会议的召集、召开符合《中华人民共和国公司法》等有关法律、法规、 规则以及《广东九联科技股份有限公司章程》的有关规定。 二、董事会会议审议情况 证券代码：688609 证券简称：九联科技 公告编号：2025-055 表决结果：7 票赞成，0 票反对，0 票弃权，0 票回避；获全体董事一致通过。 本议案已经董事会审计委员会审议通过。 具 体 内 容 详 见 2025 年 10 月 29 日 刊 载 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）及指定媒体披露的《广东九联科技股份有限公司 2025 年第 三季度报告》。 特此公告。 广东九 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥659,394,577.25, representing a year-on-year increase of 21.65%[4] - The total profit for the period was a loss of ¥1,697,924.18, with a year-to-date loss of ¥145,068,029.49[4] - Net profit attributable to shareholders was ¥3,285,581.53 for the quarter, while the year-to-date figure showed a loss of ¥119,864,740.19[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,760,714,103.20, a decrease of 6.3% compared to CNY 1,878,642,322.74 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 144,320,575.29, compared to a loss of CNY 133,446,736.29 in 2024, indicating a worsening of 8.4%[20] - Net profit for the first three quarters of 2025 was a loss of CNY 126,686,606.65, compared to a loss of CNY 112,835,521.43 in 2024, representing an increase in loss of 12.3%[21] - The company reported a basic and diluted earnings per share of CNY -0.2417 for the first three quarters of 2025, compared to CNY -0.2128 in 2024[21] Cash Flow - The cash flow from operating activities for the year-to-date increased by 117.30%, amounting to ¥278,698,889.50[4] - Operating cash inflow from sales increased to approximately $1.94 billion, up from $1.78 billion, representing a growth of about 9.4% year-over-year[24] - Net cash flow from operating activities reached approximately $278.7 million, compared to $128.3 million in the previous period, indicating a significant increase of 117.5%[24] - Cash received from tax refunds increased significantly to approximately $12.6 million from $2.0 million, a growth of 522.5%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,263,393,770.16, reflecting a decrease of 11.65% compared to the end of the previous year[5] - Total liabilities as of the reporting date were CNY 2,398,831,665.24, down from CNY 2,784,722,779.59 in the previous year, a decrease of 13.8%[18] - Total equity attributable to shareholders was CNY 888,744,432.43, a decrease from CNY 926,408,833.33, reflecting a decline of 4.1%[18] - Current assets decreased to CNY 1,746,781,520.43 from CNY 2,380,113,481.74, reflecting a decline of approximately 26.6%[16] - Cash and cash equivalents dropped to CNY 167,857,381.18 from CNY 270,827,774.12, a decrease of about 38.0%[16] - Accounts receivable decreased to CNY 778,322,950.75 from CNY 997,367,010.72, representing a decline of approximately 21.9%[16] - Inventory decreased to CNY 460,272,522.88 from CNY 505,954,248.17, a reduction of about 9.0%[16] - Total current liabilities decreased to CNY 2,028,109,397.73 from CNY 2,391,712,484.15, a decline of approximately 15.2%[17] - Short-term borrowings decreased to CNY 588,232,111.13 from CNY 908,587,379.76, a reduction of about 35.2%[17] - Long-term borrowings increased slightly to CNY 329,100,246.83 from CNY 322,497,408.17, an increase of approximately 2.0%[17] Research and Development - Research and development expenses totaled ¥41,875,692.27, accounting for 6.35% of operating revenue, a decrease of 1.73 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were CNY 121,430,656.41, a slight decrease from CNY 131,130,639.37 in 2024, indicating a reduction of 7.0%[20] Other Financial Aspects - The company reported a significant reduction in credit impairment losses due to increased collection efforts on receivables, contributing to improved net profit[9] - The company recognized a government subsidy of ¥282,019.43 during the quarter, contributing positively to the financial results[7] - The company experienced a net loss from credit impairment of CNY 7,074,339.76, compared to a gain of CNY 23,492,991.95 in the previous year, showing a significant deterioration[20] - Other comprehensive income after tax for the first three quarters of 2025 was CNY 50,405.37, up from CNY 16,425.12 in 2024, indicating an increase of 207.5%[21] Company Developments - The company has no significant new product launches or technological developments reported in the current period[14] - There are no significant mergers or acquisitions reported during the current period[14]