Group 1 - The company reported a total operating revenue of 138 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 47.48% [1] - The net profit attributable to shareholders of the parent company was 604,700 yuan, a year-on-year decline of 98.14% [1] - The basic earnings per share were reported as 0 yuan [1]

证券代码：688611 证券简称：杭州柯林 公告编号：2025-040 杭州柯林电气股份有限公司 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。 杭州柯林电气股份有限公司（以下简称"公司"）已于2025年10月30日发布 公司2025年第三季度报告。为便于广大投资者更全面深入地了解公司2025年第三 季度的经营成果、财务状况，公司计划于2025年11月24日（星期一）下午 13:00-14:00举行2025年第三季度业绩说明会，就投资者关心的问题进行交流。 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心的问题进行回答，欢迎广大投资者积极参与。 二、 说明会召开的时间、地点及方式 1、会议召开时间：2025年11月24日（星期一）下午 13:00-14:00 重要内容提示： 会议召开时间：2025 年 11 月 24 日（星期一）下午 13:0 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥20,675,791.74, a decrease of 0.59% compared to the same period last year, and a significant decline of 47.48% year-to-date [2]. - The total profit for the period was -¥17,053,201.31, with a year-to-date profit of ¥2,165,515.59, reflecting a decrease of 93.54% [2]. - The net profit attributable to shareholders was -¥17,253,149.23 for the quarter, and -98.14% year-to-date compared to the previous year [2]. - Total operating revenue for the first three quarters of 2025 was CNY 138.49 million, a decrease of 47.5% compared to CNY 263.68 million in the same period of 2024 [17]. - Net profit for the first three quarters of 2025 was CNY 0.38 million, a significant decrease from CNY 31.99 million in 2024, representing a decline of 98.8% [18]. - Operating profit for the first three quarters of 2025 was CNY 2.70 million, compared to CNY 34.76 million in 2024, indicating a decline of 92.2% [18]. Cash Flow - The cash flow from operating activities for Q3 was ¥14,707,696.33, an increase of 64.43% compared to the same period last year [3]. - The net cash flow from operating activities was positively impacted by receiving payments according to contract progress during the reporting period [8]. - Cash flow from operating activities for the first three quarters of 2025 was CNY 14.55 million, slightly down from CNY 15.63 million in 2024 [21]. - Cash flow from investing activities for the first three quarters of 2025 was negative CNY 120.56 million, compared to negative CNY 119.17 million in 2024 [22]. - The company reported a net increase in cash and cash equivalents of negative CNY 125.01 million for the first three quarters of 2025, compared to negative CNY 83.99 million in 2024 [22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,078,289,112.47, down 5.85% from the end of the previous year [3]. - Total current assets decreased from CNY 542.6 million to CNY 383.8 million, a decline of approximately 29.4% [13]. - Cash and cash equivalents dropped from CNY 264.8 million to CNY 139.0 million, a decrease of about 47.5% [13]. - Accounts receivable decreased from CNY 183.9 million to CNY 112.0 million, representing a decline of approximately 39.1% [13]. - Total liabilities decreased from CNY 244.5 million to CNY 208.9 million, a reduction of about 14.5% [15]. - Total equity attributable to shareholders decreased from CNY 891.7 million to CNY 869.3 million, a decline of approximately 2.5% [15]. Research and Development - Research and development expenses totaled ¥10,309,282.70, accounting for 49.86% of operating revenue, a decrease of 5.05 percentage points [3]. - Research and development expenses for the first three quarters of 2025 were CNY 31.01 million, a decrease of 11.3% from CNY 35.20 million in 2024 [18]. Inventory and Borrowings - The company reported a significant increase in inventory from CNY 65.3 million to CNY 67.5 million, an increase of about 3.3% [13]. - Long-term borrowings increased from CNY 1.0 million to CNY 21.0 million, a rise of 2000% [15]. Strategic Outlook - The company attributed the significant decline in revenue and profits primarily to a decrease in income from energy storage products and increased depreciation expenses [7]. - The company plans to continue focusing on market expansion and new product development strategies in the upcoming quarters [24]. - There are no significant new strategies or product developments mentioned in the conference call [12]. - The company has no significant changes in the top 10 shareholders or their shareholding status [11]. - The company has not engaged in any financing or securities lending activities during the reporting period [11].

Core Insights - The company reported a third-quarter revenue of 20.68 million yuan, representing a year-on-year decline of 0.59% [1] - The net profit for the third quarter was a loss of 17.25 million yuan [1] - For the first three quarters, the total revenue was 138 million yuan, showing a significant year-on-year decrease of 47.48% [1] - The net profit for the first three quarters was 604,700 yuan, which is a dramatic decline of 98.14% year-on-year [1]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has seen a stock price increase of 5.14%, reaching 39.67 CNY per share, with a total market capitalization of 6.085 billion CNY [1] - Hangzhou Kelin Electric, established on December 12, 2002, specializes in the research, production, and sales of intelligent perception and diagnostic warning devices for electrical equipment, along with providing related technical services [1] - The company's main business revenue composition includes: 60.42% from digital intelligent perception products for the power grid, 21.74% from high-performance perovskite batteries, 11.49% from power-related technical services, 6.27% from power station operations, and 0.08% from other sources [1] Group 2 - From the perspective of fund holdings, Jin Yuan Shun An Fund has a significant position in Hangzhou Kelin, with its Growth Dynamic Flexible Allocation Mixed Fund (620002) increasing its holdings by 5,510 shares, totaling 19,300 shares, which accounts for 2.98% of the fund's net value [2] - The Growth Dynamic Flexible Allocation Mixed Fund (620002) has achieved a return of 23% this year, ranking 3,758 out of 8,159 in its category, and a one-year return of 24.58%, ranking 3,097 out of 8,030 [2]

Core Insights - The A-share market has seen a significant rise in storage chip stocks, with notable increases in share prices for several companies [1] Group 1: Stock Performance - Hengshuo Co., Ltd. experienced a rise of 12.60%, with a total market capitalization of 4.98 billion and a year-to-date increase of 53.97% [2] - Chengdu Huami saw an increase of 8.27%, with a market cap of 32.4 billion and a year-to-date rise of 64.97% [2] - Pulang Co., Ltd. rose by 7.92%, with a market cap of 16.1 billion and a year-to-date increase of 51.37% [2] - Dongxin Co., Ltd. increased by 6.99%, with a market cap of 47.4 billion and a remarkable year-to-date rise of 330.52% [2] - Langke Technology rose by 5.35%, with a market cap of 5.764 billion and a year-to-date increase of 24.50% [2] - Yintang Intelligent Control increased by 4.45%, with a market cap of 11.5 billion and a year-to-date rise of 24.54% [2] - Xiechuang Data also saw a rise of 4.45%, with a market cap of 52.8 billion and a year-to-date increase of 100.26% [2] - Other companies like Hangzhou Kelin and Tongyou Technology also showed positive performance with increases of 3.41% and 3.17% respectively [2] Group 2: Market Indicators - The formation of a MACD golden cross signal indicates a positive trend in the stock prices of these companies [1]

Core Insights - As of October 10, a total of 92 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stocks with the longest streak of net buying are Kangwei Century and Fucheng Co., both of which have seen net buying for 12 consecutive trading days [1] - Other notable stocks with significant net buying days include Shenzhen New Star, Daming City, Darui Electronics, Xiangyuan Cultural Tourism, Changyuan Donggu, Hangzhou Kelin, Hengtong Optic-Electric, and Wujin Stainless Steel [1]

Group 1 - The core viewpoint of the article is that Hangzhou Kolin (688611.SH) has developed a series of six-dimensional force sensors, which include models specifically designed for humanoid robots and robotic arms [1]

Group 1 - The company, Hangzhou Kelin (688611.SH), is currently developing a six-dimensional force sensor primarily targeting the ankle and wrist joints of robots [1]

Core Viewpoint - Hangzhou Kelin (688611.SH) is advancing its six-dimensional force sensor, a core component for humanoid robots, and is currently working on sample deliveries to multiple leading target customers [1] Company Summary - The six-dimensional force sensor developed by the company is essential for the joints of humanoid robots [1] - The company is in the process of promoting sample deliveries to several top-tier target clients [1]