Core Viewpoint - The company, Zhejiang Shuangyuan Technology Co., Ltd., has released its third-quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [9][11]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The report includes major accounting data and financial indicators, although specific figures are not detailed in the provided documents [3][4]. Board Meeting - The second board meeting of the company was held on October 30, 2025, with all seven directors present, confirming compliance with relevant laws and regulations [8]. - The board approved the third-quarter report, affirming that it accurately reflects the company's financial status and operational results without any misleading statements [9][10]. Shareholder Information - As of February 24, 2025, the company completed a share buyback, holding 543,996 shares, which represents 0.92% of the total share capital [4].

Core Viewpoint - The company, Shuangyuan Technology, specializes in providing quality detection and control solutions for production processes, with a strong focus on automation and intelligent detection systems. It was listed on the Shanghai Stock Exchange in June 2023 and operates in various sectors including automation equipment and nuclear power [1]. Financial Performance - For Q3 2025, Shuangyuan Technology reported a revenue of 246 million yuan, ranking 20th among 25 companies in the industry, significantly lower than the top competitors, Bozhong Precision and Yihua Technology, which reported revenues of 3.653 billion yuan and 2.197 billion yuan respectively. The industry average revenue was 726 million yuan [2]. - The revenue breakdown shows that online automation detection systems generated 103 million yuan (63.93%), machine vision intelligent detection systems contributed 52.85 million yuan (32.73%), and system components and maintenance services accounted for 5.41 million yuan (3.35%). The net profit for the same period was 52.08 million yuan, ranking 10th in the industry [2]. Financial Ratios - As of Q3 2025, Shuangyuan Technology's debt-to-asset ratio was 19.67%, a decrease from 20.73% year-on-year and significantly lower than the industry average of 35.98%, indicating strong solvency [3]. - The company's gross profit margin for Q3 2025 was 39.65%, down from 42.07% year-on-year but still above the industry average of 33.21%, reflecting good profitability [3]. Management and Shareholder Information - The chairman, Zheng Jian, received a salary of 1.1814 million yuan in 2024, which is a decrease of 111,300 yuan from 2023 [4]. - As of September 30, 2025, the number of A-share shareholders decreased by 9.55% to 6,922, while the average number of circulating A-shares held per shareholder increased by 10.56% to 2,765.49 [5].

Core Viewpoint - The company reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 246 million yuan for the first three quarters, representing a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders was 52.08 million yuan, down 24.77% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 38.22 million yuan, reflecting a year-on-year decline of 33.65% [1] - The basic earnings per share stood at 0.88 yuan [1]

Core Viewpoint - The company reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 246 million yuan, representing a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders of the parent company was 52.08 million yuan, down 24.77% year-on-year [1] - The basic earnings per share were 0.88 yuan [1]

Core Viewpoint - The company reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters of 2025 was 246 million yuan, representing a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders of the parent company was 52.08 million yuan, down 24.77% year-on-year [1] - The basic earnings per share were 0.88 yuan [1]

证券代码：688623 证券简称：双元科技 公告编号：2025-045 董事会认为：公司 2025 年第三季度报告的编制和审议程序符合相关法律法 规和《公司章程》等内部规章制度的规定。公司 2025 年第三季度报告的内容与 格式符合相关规定，报告内容真实、准确、完整地反映了公司 2025 年第三季度 的财务状况、经营成果及现金流量，不存在任何虚假记载、误导性陈述或重大遗 漏。2025 年第三季度报告编制过程中，未发现公司参与 2025 年第三季度报告编 制和审议的人员有违反保密规定的行为。 本议案已经公司董事会审计委员会审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的 《2025 年第三季度报告》。 浙江双元科技股份有限公司 第二届董事会第十次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 浙江双元科技股份有限公司（以下简称"公司"）第二届董事会第十次会议（以 下简称"会议"）于 2025 年 ...

Financial Performance - The company's operating revenue for the third quarter was ¥84,539,789.17, a decrease of 20.34% compared to the same period last year[4]. - The total profit for the quarter was ¥19,251,851.62, reflecting a slight increase of 1.50% year-over-year[4]. - The net profit attributable to shareholders was ¥15,568,702.17, down 14.18% from the previous year[4]. - The net profit after deducting non-recurring gains and losses was ¥12,613,691.66, a decrease of 6.61% compared to the same period last year[4]. - The net profit attributable to shareholders for the year-to-date period was ¥52,075,945.56, a decrease of 24.77% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 246,038,366.58, a decrease of 13.5% compared to CNY 284,372,145.64 in the same period of 2024[18]. - Net profit for the first three quarters of 2025 was CNY 52,075,945.56, a decline of 24.8% from CNY 69,223,699.86 in the same period of 2024[19]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.88, compared to CNY 1.17 in the previous year[20]. Expenses and Costs - Research and development expenses totaled ¥10,323,875.43, accounting for 12.21% of operating revenue, an increase of 0.99 percentage points year-over-year[5]. - Total operating costs for the first three quarters of 2025 were CNY 202,232,356.86, down 5.3% from CNY 213,555,356.95 in the previous year[18]. - Cash paid for employee compensation was $79,632,936.70, slightly down from $83,739,381.91, indicating a decrease of approximately 4.2%[23]. - Cash paid for the acquisition of fixed assets was $38,472,201.21, down from $46,779,879.79, indicating a decrease of approximately 17.8%[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,624,630,470.74, a decrease of 1.59% from the end of the previous year[5]. - Total current assets decreased to ¥2,387,635,853.77 from ¥2,445,954,658.16 year-over-year[14]. - The total liabilities amounted to CNY 516,154,930.00, down from CNY 540,623,840.13 in the previous year[16]. - Non-current liabilities totaled CNY 5,405,605.15, a decrease from CNY 5,866,451.12 in the previous year[16]. - Deferred income tax assets increased to CNY 24,411,076.20 from CNY 12,434,774.80 in the previous year[16]. Cash Flow - The company reported a cash flow from operating activities of ¥93,509,710.92 for the year-to-date period[4]. - Operating cash inflow totaled $304,471,326.52, an increase from $250,422,787.22 in the previous period, reflecting a growth of approximately 21.6%[23]. - Net cash outflow from operating activities was $210,961,615.60, compared to $256,726,871.67 previously, indicating a decrease of about 17.8%[23]. - Net cash flow from investing activities was -$147,084,517.00, an improvement from -$487,674,305.28 in the prior period, showing a reduction in losses by approximately 69.8%[23]. - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 279,448,028.48, an increase from CNY 209,176,619.12 in the same period of 2024[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,922[11]. - The largest shareholder, Hangzhou Kaibit Investment Management Co., Ltd., holds 23,188,406 shares, accounting for 39.21% of total shares[11]. - The total number of shares repurchased by Zhejiang Shuangyuan Technology Co., Ltd. is 543,996, representing 0.92% of the total share capital[12]. - The company has a total of 1,522,112 unrestricted circulating shares held by Yibin Chendao New Energy Industry Equity Investment Partnership[11]. - The total number of shares held by the top 10 shareholders includes significant stakes from both institutional and individual investors[11]. - The company has not reported any changes in the participation of major shareholders in securities lending or borrowing activities[13]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the quarter amounted to ¥2,955,010.51, with government subsidies contributing ¥522,581.88[7].

Quantitative Factors and Construction Methods - **Factor Name**: Large Buy Order Transaction Amount Ratio **Construction Idea**: This factor captures the buying behavior of large funds by analyzing the proportion of large buy orders in the total transaction amount for a given day[8] **Construction Process**: 1. Utilize tick-by-tick transaction data to identify buy and sell orders based on bid and ask sequence numbers[8] 2. Filter transactions by volume to identify large orders[8] 3. Calculate the proportion of large buy order transaction amounts to the total transaction amount for the day[8] **Evaluation**: This factor effectively reflects the behavior of large funds in the market[8] - **Factor Name**: Net Active Buy Transaction Amount Ratio **Construction Idea**: This factor measures the active buying behavior of investors by calculating the net active buy transaction amount as a proportion of the total transaction amount for a given day[8] **Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on the buy/sell flag[8] 2. Subtract the active sell transaction amount from the active buy transaction amount to obtain the net active buy transaction amount[8] 3. Calculate the proportion of net active buy transaction amount to the total transaction amount for the day[8] **Evaluation**: This factor effectively captures the active buying behavior of investors in the market[8] --- Factor Backtesting Results Large Buy Order Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Stone Machinery (000852.SZ): 88.4%, 99.2% time-series percentile[10] 2. ShenKai Shares (002278.SZ): 87.0%, 100.0% time-series percentile[10] 3. Oriental Garden (002310.SZ): 86.4%, 96.7% time-series percentile[10] 4. Wuhan Holdings (600168.SH): 86.1%, 97.1% time-series percentile[10] 5. Guangtian Group (002482.SZ): 85.5%, 91.4% time-series percentile[10] 6. Zhengbang Technology (002157.SZ): 85.4%, 99.2% time-series percentile[10] 7. Oriental Electric Heating (300217.SZ): 85.4%, 97.5% time-series percentile[10] 8. Nengte Technology (002102.SZ): 85.3%, 83.6% time-series percentile[10] 9. Xianfeng Holdings (002141.SZ): 85.3%, 97.5% time-series percentile[10] 10. Qingsong Jianhua (600425.SH): 85.1%, 93.4% time-series percentile[10] Net Active Buy Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Tangshan Port (601000.SH): 20.7%, 97.1% time-series percentile[11] 2. Changqing Shares (603768.SH): 17.0%, 100.0% time-series percentile[11] 3. Shuangyuan Technology (688623.SH): 16.3%, 99.6% time-series percentile[11] 4. Guotou Power (600886.SH): 16.3%, 98.0% time-series percentile[11] 5. Fenglong Shares (002931.SZ): 16.0%, 100.0% time-series percentile[11] 6. Gongdong Medical (605369.SH): 14.9%, 99.2% time-series percentile[11] 7. Zhaoxun Media (301102.SZ): 14.8%, 100.0% time-series percentile[11] 8. Fantuo Digital Creation (301313.SZ): 14.6%, 100.0% time-series percentile[11] 9. Huali Group (300979.SZ): 14.6%, 99.6% time-series percentile[11] --- Broad Index Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: 75.2%, 61.5% time-series percentile[13] 2. SSE 50: 73.9%, 23.0% time-series percentile[13] 3. CSI 300: 75.5%, 77.9% time-series percentile[13] 4. CSI 500: 76.0%, 68.4% time-series percentile[13] 5. ChiNext Index: 75.2%, 76.6% time-series percentile[13] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: -0.8%, 78.7% time-series percentile[13] 2. SSE 50: 3.3%, 96.3% time-series percentile[13] 3. CSI 300: 2.3%, 95.1% time-series percentile[13] 4. CSI 500: 0.8%, 86.9% time-series percentile[13] 5. ChiNext Index: 5.3%, 100.0% time-series percentile[13] --- Industry Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Banking: 80.7%, 91.0% time-series percentile[14] 2. Steel: 79.5%, 3.3% time-series percentile[14] 3. Non-Banking Finance: 79.2%, 33.2% time-series percentile[14] 4. Comprehensive: 79.1%, 35.7% time-series percentile[14] 5. Real Estate: 78.7%, 34.0% time-series percentile[14] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Electronics: 8.0%, 74.2% time-series percentile[14] 2. Communication: 7.4%, 96.3% time-series percentile[14] 3. National Defense and Military Industry: 3.5%, 35.7% time-series percentile[14] 4. Computers: 2.6%, 89.3% time-series percentile[14] 5. Automobiles: 2.6%, 60.2% time-series percentile[14] --- ETF Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Bosera China Education ETF: 91.2%, 100.0% time-series percentile[16] 2. Huaxia Growth ETF: 90.5%, 97.1% time-series percentile[16] 3. Fortune Shanghai Composite ETF: 90.0%, 94.7% time-series percentile[16] 4. Fortune Tourism Theme ETF: 89.6%, 97.5% time-series percentile[16] 5. Guotai Shanghai Composite ETF: 89.3%, 92.2% time-series percentile[16] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Bosera Chip ETF: 15.6%, 93.0% time-series percentile[17] 2. E Fund Dividend ETF: 15.2%, 94.3% time-series percentile[17] 3. Huatai-PineBridge 2000 ETF: 15.0%, 100.0% time-series percentile[17] 4. Tianhong Growth ETF: 13.7%, 82.4% time-series percentile[17] 5. Huaxia Sci-Tech ETF: 13.6%, 91.4% time-series percentile[17]

Group 1 - Yonghe Co., Ltd. reported a net profit of 469 million yuan for the first three quarters, a year-on-year increase of 220.39% [1] - Jinli Permanent Magnet achieved a net profit of 515 million yuan, reflecting a year-on-year growth of 161.81% [1][2] - Sanhe Pharmaceutical Auxiliary's net profit increased by 8.28% year-on-year, reaching 133 million yuan [2] Group 2 - Jiahuan Technology experienced a net profit decline of 26.53%, totaling 55.35 million yuan [3] - Wuchan Huaneng reported a net profit decrease of 15.10%, amounting to 453 million yuan [3] - Chuan Investment Energy's net profit fell by 4.54%, totaling 4.22 billion yuan [4][5] Group 3 - Dayang Bio's net profit grew by 56.12%, reaching 80 million yuan [5] - Weili Medical reported a net profit increase of 14.94%, totaling 192 million yuan [6] - People's Tongtai's net profit decreased by 45.69%, amounting to 112 million yuan [7] Group 4 - Jiuhuan Bio received a medical device registration certificate for its NT-proBNP test kit [8] - Jincheng Pharmaceutical's subsidiary obtained a drug registration certificate for a specific injection [9] - Guangdian Yuntong's subsidiary acquired a money service operator license in Hong Kong [10] Group 5 - Dash Intelligent won a bid for a project worth 96 million yuan related to the Shijiazhuang subway [10] - Alloy Investment's net profit increased by 124.87%, reaching 7.26 million yuan [11] - Kaile Co., Ltd. reported a net profit growth of 159.14%, totaling 21.63 million yuan [12] Group 6 - Chuanjinno's net profit surged by 175.61%, reaching 304 million yuan [14] - Rijiu Optoelectronics reported a net profit increase of 36.54%, totaling 76.91 million yuan [15] - Dazhu CNC's net profit grew by 142.19%, amounting to 492 million yuan [15] Group 7 - Nairui Radar expects a net profit increase of 181% for the first three quarters [17] - Suzhou Tianmai successfully acquired land use rights for a new manufacturing project [19] - Aokai Pharmaceutical announced clinical research data for its innovative drug at a major conference [21][22] Group 8 - Jilin Aodong's subsidiary passed the consistency evaluation for a specific injection [24] - Qinxin Environment announced the resignation of a board member [25] - *ST Baoying is planning a change in control, leading to a stock suspension [26] Group 9 - Jianlang Hardware's director plans to reduce holdings by up to 500,000 shares [27] - Taihe Technology's director intends to reduce holdings by up to 606,000 shares [29] - Zhongyuan Securities announced a cash dividend of 0.008 yuan per share [31] Group 10 - Beijing-Shanghai High-Speed Railway plans to distribute a cash dividend of 0.0385 yuan per share [32] - Zhuhai Guanyu expects a net profit increase of 36.88%-55.54% for the first three quarters [34] - Shenglong Co., Ltd. reported a net loss of 72.95 million yuan for the first three quarters [36] Group 11 - Shuangyuan Technology plans to distribute a cash dividend of 0.125 yuan per share [38] - Shaanxi Guotou A reported a net profit increase of 6.6%, totaling 996 million yuan [40] - Sunshine Nuohua intends to invest 15 million yuan in a biotech company [41] Group 12 - Yangjie Technology's net profit increased by 45.51%, reaching 974 million yuan [42] - Xingwang Yuda reported a net profit growth of 260%, totaling 38.37 million yuan [43] - Tongyou Technology turned a profit with a net profit of 9.29 million yuan [44]

Core Points - The company announced a cash dividend of 0.125 CNY per share for the 2025 semi-annual period [1][3] - The dividend distribution plan was approved by the board on August 25, 2025, following authorization from the annual shareholders' meeting on May 19, 2025 [1][2] Distribution Plan - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the day before the equity registration date [2] - The total cash dividend to be distributed amounts to 7,324,838.00 CNY (including tax) based on a total share capital of 58,598,704 shares after accounting for repurchased shares [3][5] Dividend Calculation - The per-share cash dividend is calculated as approximately 0.1239 CNY after adjusting for the total share capital [5][6] - The reference price for ex-dividend trading will be adjusted based on the previous closing price minus the cash dividend [4][6] Implementation Details - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation's clearing system for shareholders who have completed designated transactions [7] - Specific shareholders, including certain investment management companies, will receive their dividends directly from the company [9] Taxation Information - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividend, while those holding for less than one year will have tax withheld upon sale of the shares [10][11] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.1125 CNY per share [12]