Core Points - The company will hold a performance briefing for the third quarter of 2025 on November 4, 2025, from 15:00 to 16:00 [2][3] - The briefing will be conducted online through the "Value Online" platform [3][5] - Investors can submit questions before the meeting via a designated website or WeChat mini-program [4][5] Group 1 - The meeting aims to provide investors with a comprehensive understanding of the company's operational performance and development strategy [2] - Key participants in the meeting will include the Chairman, independent directors, and financial executives [3] - Investors can access the meeting details and main content afterward through the "Value Online" platform or the Yidong app [5]

Group 1 - Northern Rare Earth reported a net profit increase of 280% year-on-year for the first three quarters, driven by higher sales volume and prices of rare earth products [1] - Postal Savings Bank has received approval to establish a financial asset investment company with a registered capital of 10 billion yuan, aimed at enhancing comprehensive service capabilities and supporting technological innovation [2] - Silyus announced a maximum price of HKD 131.5 per share for its H-share issuance, with a total of 100.2 million shares available for global offering [3] Group 2 - Hengtong Optic-Electric won a bid for marine energy projects with a total contract value of 1.868 billion yuan, including the supply and construction of undersea cables [4] - Western Mining's subsidiary Yulong Copper won exploration rights for the Chating copper polymetallic mine for 8.609 billion yuan, which is expected to enhance the company's resource reserves [5] - China Bank appointed Liu Chenggang as vice president, effective from October 24, 2025 [6] Group 3 - ST Guangwu announced the removal of other risk warnings for its stock, changing its name to Guanghui Logistics, which will allow for a wider trading limit [7] - Wireless Media set an initial transfer price of 29.11 yuan per share for its inquiry transfer, with a subscription multiple of 2.01 times [8][9] - Jiangshan Oupai's subsidiaries in Henan and Chongqing will cease operations due to insufficient orders, with business transferred to its Zhejiang base [10] Group 4 - Zhenyu Technology plans to invest 2.11 billion yuan in precision component manufacturing and humanoid robot projects, with the first phase of investment to be signed soon [11] - Jinyuan Co. announced the resignation of its general manager, with Qiu Yongping appointed as the new general manager [12] Group 5 - CanSino reported a net profit of 27.93 million yuan for Q3, a year-on-year increase of 842.01% [13] - Jiangshan Co. reported a net profit of 86.73 million yuan for Q3, a year-on-year increase of 11,890.01% [14] - Yingshi Innovation reported a net profit of 272 million yuan for Q3, a year-on-year decrease of 15.90% [15] Group 6 - Chip Origin reported a net loss of 26.85 million yuan for Q3, despite a revenue increase of 78.38% [16] - Tonghua Dongbao reported a net profit of 984 million yuan for Q3, a year-on-year increase of 499.86% [17] - Hengrui Medicine reported a net profit of 1.301 billion yuan for Q3, a year-on-year increase of 9.53% [18] Group 7 - Zhongguang Lightning reported a net profit of 6.46 million yuan for Q3, a year-on-year increase of 382.66% [19] - Ice River Network reported a net profit of 166 million yuan for Q3, a year-on-year increase of 244.58% [20] - Daheng Technology reported a net profit of 71.48 million yuan for Q3, a year-on-year increase of 1,960.72% [21] Group 8 - Yanjin Puzhi reported a net profit of 232 million yuan for Q3, a year-on-year increase of 33.55% [22] - Sichuan Gold reported a net profit of 160 million yuan for Q3, a year-on-year increase of 184.38% [23] - Sanbo Brain Science reported a net profit of 13.93 million yuan for Q3, a year-on-year decrease of 63.26% [24] Group 9 - Hengli Petrochemical reported a net profit of 1.972 billion yuan for Q3, a year-on-year increase of 81.47% [25] - Deepin Technology reported a net profit of 147 million yuan for Q3, a year-on-year increase of 1,097.40% [26] - Huisheng Biological reported a net profit of 70.72 million yuan for Q3, a year-on-year increase of 1,575.79% [27] Group 10 - Gaode Infrared reported a net profit of 401 million yuan for Q3, a year-on-year increase of 1,143.72% [28] - Qingdao Beer reported a net profit of 1.37 billion yuan for Q3, a year-on-year increase of 1.62% [29] - Nanjing Public Utilities reported a net profit of 84.62 million yuan for Q3, a year-on-year increase of 2,492.12% [30] Group 11 - Zhangyuan Tungsten reported a net profit of 75.02 million yuan for Q3, a year-on-year increase of 118.56% [31] - Yongmaotai reported a net profit of 30.41 million yuan for Q3, a year-on-year increase of 6,319.92% [32] Group 12 - Tongrun Equipment announced that two shareholders plan to reduce their holdings by 1.50% each, totaling a maximum of 3.00% [33] - High-speed Rail Electric announced a pre-bid for a city rail transit project worth 62.39 million yuan [34]

证券代码：688663 证券简称：新风光 公告编号：2025-054 新风光电子科技股份有限公司 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： 一、说明会类型 新风光电子科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日在上海证券交易所网站（www.sse.com.cn）披露了《2025 年第三季度报告》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2025 年 11 月 04 日（星期二）15:00-16:00 在"价值在线"（www.ir-online.cn） 二、说明会召开的时间、地点和方式 会议召开时间：2025 年 11 月 04 日（星期二）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 三、参加人员 董事、总经理 胡顺全；独立董事 李田；董事会秘书 侯磊；财务总监 邵亮； 投关总监 李伍明（如遇特殊情况，参会人员可能进行调整）。 ...

Summary of the Conference Call for New Fengguang Company Overview - **Company**: New Fengguang - **Industry**: Renewable Energy, specifically focusing on solar and energy storage solutions Key Points and Arguments Financial Performance - **Revenue**: For the first three quarters of 2025, revenue decreased by 33.54% year-on-year, amounting to 1.217 billion yuan [2][3] - **Net Profit**: Net profit fell by 33.54% to approximately 83 million yuan [2][3] - **Gross Margin**: The overall gross margin was 23.12%, down by 1.34 percentage points compared to the previous year [3] Reasons for Profit Decline - **Market Reforms**: The decline in profit was primarily due to the market-oriented reform of electricity prices in the renewable energy sector, which led clients to delay project connections to avoid losses from price fluctuations [4] - **Increased Competition**: Heightened market competition resulted in downward pressure on prices, further compressing profit margins [4] Strategic Responses - **Cost Reduction and Efficiency**: The company is implementing cost-cutting measures, optimizing product designs, and increasing investment in new product development [2][5] - **Client Diversification**: Efforts are being made to expand the client base to include small and medium enterprises across various industries [2][5] - **Internal Incentives**: Strengthening internal incentives and assessments to boost performance in revenue recognition and order fulfillment [6] Market Dynamics - **Electricity Price Impact**: The impact of electricity price changes on wind and solar businesses was noted, with wind energy being less affected compared to solar [7][10] - **Solar Market Recovery**: After September, the solar market began to recover, particularly in the commercial sector, with investment returns stabilizing [2][10] Inventory and Liabilities - **High Inventory and Contract Liabilities**: The company is experiencing high levels of inventory and contract liabilities due to the abandonment of low-margin orders and market policy impacts, leading to delays in shipment and revenue recognition [8] Energy Storage Business - **Rapid Growth**: The energy storage segment is growing rapidly but faces intense competition [13] - **Product Line**: The company offers a range of products including commercial storage, centralized storage PCS, and liquid cooling products, with plans to expand into overseas markets [14][15] - **Future Goals**: The target for energy storage capacity is set at 2-3 GW for 2026 [16] Fusion Power Sector - **Long-term Commitment**: The company has been involved in fusion power projects since 2006, with a focus on developing specialized power supply solutions [8] - **Future Developments**: Plans to establish a dedicated department or subsidiary for fusion-related business are under consideration [8] Solid-State Transformer (SST) Development - **Technological Advancements**: The company has been working on solid-state transformer technology, which is expected to become viable due to advancements in materials and components [18][19] - **Market Applications**: Target applications include data centers and electric vehicle charging stations, with a mature product expected to launch in 2026 [19] Overseas Expansion - **International Growth**: The establishment of an overseas division has led to increased international sales, with products now used in over 70 countries [20] - **Future Plans**: Continued focus on expanding the overseas team and market presence is planned for the coming years [20] Additional Important Insights - **Supply Chain Localization**: The company has successfully localized its supply chain for key components, reducing reliance on imports [12] - **Market Resilience**: Despite challenges, the solar industry has shown resilience, with expectations for overall sales growth in the sector [10]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3][4] Financial Data - The financial statements for the third quarter are unaudited [3][8] - The company has repurchased a total of 2,041,139 shares, accounting for 1.44% of the total share capital, with a total expenditure of approximately RMB 44.99 million [6] - The net profit of the merged entity for the current period is RMB 3,796,435.53, compared to RMB 1,866,539.38 in the previous period [7] Shareholder Information - The company does not have any changes in the top ten shareholders or significant shareholders participating in the securities lending business [5][6]

Core Insights - The company reported a revenue of 1.217 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 6.62% [1] - The net profit attributable to the parent company was 83.03 million yuan, down 33.54% year-on-year [1] - The non-recurring net profit was 78.996 million yuan, reflecting a decrease of 29.79% compared to the previous year [1] - The basic earnings per share stood at 0.60 yuan [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter of 2025, primarily due to market reforms in the new energy sector affecting customer project timelines and pricing pressures on products [1] Financial Performance - The company's third-quarter revenue was 347 million yuan, a year-on-year decrease of 28.75% [1] - Net profit for the third quarter was 22.86 million yuan, down 50.39% year-on-year [1] - For the first three quarters of 2025, total revenue reached 1.217 billion yuan, reflecting a year-on-year decline of 6.62% [1] - Net profit for the first three quarters was 83.03 million yuan, a decrease of 33.54% year-on-year [1] - Basic earnings per share stood at 0.6 yuan [1] Market Impact - The decline in performance is attributed to the impact of market-oriented reforms in new energy pricing, leading some customers to delay or postpone project grid connections to avoid potential losses from price fluctuations [1] - The company faces downward pressure on product prices, which has resulted in reduced gross margins and further squeezed profit margins [1]

格隆汇10月24日丨新风光(688663.SH)公布，公司第三季度实现营业收入3.47亿元，同比下降28.75%； 归属于上市公司股东的净利润2286.43万元，同比下降50.39%；归属于上市公司股东的扣除非经常性损 益的净利润2201.36万元，同比下降42.22%；基本每股收益0.17元。 ...

新风光电子科技股份有限公司 2025 年第三季度报告 新风光电子科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 346,581,142.53 | -28.75 | 1,217,002,773.42 | -6.62 ...

Group 1 - The company's third-quarter revenue is 347 million, a decrease of 28.75% [1] - The net profit for the third quarter is 22.86 million, down 50.39% [1] - For the first three quarters, the revenue totals 1.217 billion, a decline of 6.62% [1] Group 2 - The net profit for the first three quarters is 83.03 million, a decrease of 33.54% [1]