Core Insights - The company reported a total revenue of 185 million yuan for the first three quarters of 2025, representing a year-on-year growth of 13.11% [1] - The net profit attributable to shareholders of the parent company was -40.32 million yuan, indicating an increase in losses of 28.97 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.51 yuan [1]

Core Viewpoint - Bixing IoT, a leading provider of environmental monitoring and public safety big data solutions in China, was established in January 2012 and went public on August 9, 2023, on the Shanghai Stock Exchange [1] Group 1: Business Performance - For Q3 2025, Bixing IoT reported revenue of 185 million yuan, ranking 25th out of 28 companies in the industry, significantly lower than the top competitor, Yingfeng Environment, which had 9.544 billion yuan, and the second, Longjing Environmental Protection, with 7.858 billion yuan [2] - The company's net profit for the same period was -40.1494 million yuan, also ranking 25th out of 28, far behind Longjing Environmental Protection's 785 million yuan and Yingfeng Environment's 482 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Bixing IoT's debt-to-asset ratio was 20.01%, an increase from 18.49% year-on-year, but still significantly lower than the industry average of 43.61%, indicating manageable debt pressure [3] - The gross profit margin for the same period was 18.69%, down from 28.31% year-on-year and below the industry average of 25.59%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman, He Yuanping, received a salary of 774,500 yuan in 2024, a slight decrease from 775,900 yuan in 2023 [4] - The general manager, Fang Hao, earned 529,800 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Bixing IoT increased by 5.87% to 4,182, while the average number of circulating A-shares held per shareholder decreased by 3.53% to 11,200 [5]

证券代码：688671 证券简称：碧兴物联 公告编号：2025-046 碧兴物联科技（深圳）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： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 31 日（星期五）至 11 月 6 日（星期四）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 ir@bx-tec.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。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 7 日（星期五）上午 9:00-10:00 会议召开时间：2025 年 11 月 7 日（星期五）上午 9:00-10:00 会议召开地点：上海证券交易所上证路演中心 （二）会议召开地点： 上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） （三）会 ...

Financial Performance - The company's operating revenue for the third quarter was ¥73,616,485.10, an increase of 16.20% compared to the same period last year[3] - The total profit for the third quarter was -¥20,934,214.03, with a year-to-date total profit of -¥50,612,622.58[3] - The net profit attributable to shareholders for the third quarter was -¥16,402,645.06, and the year-to-date net profit was -¥40,315,891.33[3] - Total operating revenue for the first three quarters of 2025 reached ¥184,921,572.80, an increase of 13.1% compared to ¥163,483,319.65 in the same period of 2024[17] - Net loss for the first three quarters of 2025 was ¥40,149,370.62, compared to a net loss of ¥11,011,109.30 in the same period of 2024, representing a significant increase in losses[18] - The company's operating profit for the first three quarters of 2025 was -¥50,241,269.26, worsening from -¥17,074,523.75 in the first three quarters of 2024[17] - The total comprehensive loss for the first three quarters of 2025 was -¥40,149,370.62, compared to -¥11,011,109.30 in the same period of 2024, indicating a worsening financial position[18] Research and Development - Research and development expenses totaled ¥13,112,046.93 for the quarter, representing 17.81% of operating revenue, an increase of 0.34 percentage points year-on-year[4] - Research and development expenses increased to ¥35,082,805.83 in the first three quarters of 2025, compared to ¥29,023,590.23 in the same period of 2024, reflecting a 20.9% increase[17] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,336,222,375.36, a decrease of 3.28% from the end of the previous year[4] - The total current assets decreased to 1.26 billion RMB from 1.30 billion RMB as of December 31, 2024[14] - The company's accounts receivable stood at 225.73 million RMB, slightly down from 238.48 million RMB[13] - The inventory increased to 246.42 million RMB compared to 224.52 million RMB at the end of 2024[13] - The total assets decreased to 1.34 billion RMB from 1.38 billion RMB as of December 31, 2024[14] - The company's long-term equity investments decreased to 1.17 million RMB from 1.82 million RMB[14] - The company's accounts payable increased to 84.35 million RMB from 81.77 million RMB[14] - The company reported a decrease in total non-current assets to 79.29 million RMB from 81.63 million RMB[14] - The total liabilities decreased to ¥267,331,648.95 in the latest reporting period from ¥275,760,972.72 in the previous year[15] - The total equity attributable to shareholders decreased to ¥1,063,702,995.68 from ¥1,100,787,802.55 year-over-year[15] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥47,036,843.25, reflecting a significant decline of 128.79%[3] - Cash received from sales of goods and services was ¥224,480,049.81 in the first three quarters of 2025, compared to ¥212,021,789.64 in the same period of 2024, indicating a growth in cash flow from operations[21] - Net cash flow from operating activities was -47,036,843.25, a significant decrease compared to 163,401,124.64 in the previous period[22] - Total cash inflow from investment activities was 1,614,489,632.02, while cash outflow was 1,745,495,575.37, resulting in a net cash flow of -131,005,943.35[22] - Cash inflow from financing activities totaled 50,784,361.11, while cash outflow was 151,295,739.19, leading to a net cash flow of -4,680,993.21[23] - The ending balance of cash and cash equivalents was 196,835,355.20, down from 379,559,135.01 at the beginning of the period[23] - Cash received from other operating activities amounted to 31,536,881.64, compared to 227,803,481.17 in the previous period[22] - Cash paid for purchasing goods and services was 159,243,844.01, an increase from 142,392,250.45 in the previous period[22] - Cash received from investment activities related to other sources was 1,614,265,968.56, compared to 1,953,331,788.19 previously[22] - Cash paid for other investment activities was 1,744,800,000.00, down from 2,016,860,000.00 in the previous period[22] - Cash received from tax refunds was 607,021.38, compared to 2,144,952.57 in the previous period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,182[10] Equipment Returns - The company expects to incur a total of 131 equipment returns, impacting revenue by -14.2743 million RMB and net profit by -6.6424 million RMB[12] Accounting Standards - The company will not apply new accounting standards starting from 2025[24]

Group 1 - The China Marine Economy Expo, known as "China's First Marine Exhibition," was held from October 28 to 30 in Shenzhen, focusing on marine technology and the blue economy [1] - Over 300 leading enterprises participated in the expo, showcasing innovations across the entire marine industry chain [1] - Bixing Wulian presented its digital marine solutions and smart monitoring products, demonstrating its technological capabilities in marine environmental perception, disaster early warning, and ecological health assessment [1] Group 2 - Bixing Wulian has developed a comprehensive monitoring network covering nearshore to deep-sea areas based on an integrated monitoring concept [1] - The exhibited marine buoy monitoring system features industry-first on-site data quality control, enabling long-term, continuous, and all-weather operation to provide early warnings for various marine disasters [1] - The storm surge intelligent warning system utilizes high-precision sensors and smart algorithms for timely alerts, supporting disaster prevention along coastal areas [1] Group 3 - In the field of marine ecological monitoring, Bixing Wulian's marine nutrient analysis instrument and microplastic analysis instrument received significant attention [1] - The nutrient analysis instrument employs a modular design for multi-factor in-situ monitoring, suitable for various platforms [1] - The microplastic analysis instrument utilizes polarization imaging and AI algorithms for rapid, precise, and non-destructive identification, filling a technological gap in domestic marine microplastic detection [1] Group 4 - Multiple products from Bixing Wulian have passed national-level testing and received recognition for being at an "international advanced" level [2] - The company's key projects, such as enhancing marine observation capabilities in Shenzhen and constructing the National Marine Test Field in Weihai, highlight its extensive applications and deep accumulation in marine monitoring [2]

Core Insights - The China Marine Economy Expo, known as the "first marine exhibition in China," was held from October 28 to 30 in Shenzhen, focusing on marine technology and the blue economy [1][2] - Bixing Wulian showcased its digital marine solutions and smart monitoring products, demonstrating its technological capabilities in marine environmental perception, disaster early warning, and ecological health assessment [1] Company Highlights - Bixing Wulian presented an integrated monitoring network covering nearshore to deep-sea areas, featuring a marine buoy monitoring system with industry-first on-site data quality control capabilities [1] - The storm surge intelligent warning tide level monitoring system utilizes high-precision sensors and intelligent algorithms for timely alerts, providing critical support for coastal disaster prevention [1] - In marine ecological monitoring, Bixing Wulian introduced a marine nutrient salt analyzer and a marine microplastic analyzer, the latter employing polarization imaging and AI algorithms for rapid, precise, and non-destructive identification of microplastics [1] Industry Recognition - Multiple products from Bixing Wulian have passed national-level testing and received recognition for being at an "international advanced" level, highlighting the company's authoritative technological strength [2] - Key projects implemented by the company, such as enhancing marine observation capabilities in Shenzhen and constructing the National Marine Experimental Field in Weihai, demonstrate its extensive application and deep accumulation in the marine monitoring field [2]

Group 1 - Jinpan Technology reported a net profit of 486 million yuan for the first three quarters, a year-on-year increase of 20.27%, with total revenue of 5.194 billion yuan, up 8.25% [1] - Saisir announced the maximum price for its H-share issuance at 131.5 HKD per share, with the public offering starting on the same day and expected to end on October 31 [1] - Jinghua Laser plans to invest approximately 200 million yuan in a new project to produce 20,000 tons of UV laser platinum embossed anti-counterfeiting materials [2] Group 2 - Zhenyu Technology intends to invest 2.11 billion yuan in a project for robots and precision structural components, to be developed in three phases from 2025 to 2030 [3] - Qianyuan Power reported a net profit of 493 million yuan for the first three quarters, a year-on-year increase of 85.74%, with total revenue of 2.169 billion yuan, up 47.99% [4] - Haohua Energy's net profit decreased by 50.5% to 554 million yuan, with total revenue of 6.307 billion yuan, down 7.85% [7] Group 3 - Kangtai Biological's net profit fell by 86% to 49.16 million yuan, with total revenue of 2.063 billion yuan, up 2.24% [8] - Huafeng Aluminum reported a net profit of 896 million yuan for the first three quarters, a year-on-year increase of 3.24%, with total revenue of 9.109 billion yuan, up 18.63% [10] - Beiyuan Group's net profit decreased by 10.88% to 214 million yuan, with total revenue of 6.762 billion yuan, down 9.91% [12] Group 4 - Noying Co. reported a net profit of 450 million yuan for the first three quarters, a year-on-year decrease of 22.95%, with total revenue of 31.562 billion yuan, up 2.01% [14] - Chuanhua Zhili's net profit increased by 168.36% to 637 million yuan, despite a revenue decline of 2.74% to 18.84 billion yuan [16] - Jiangsu Sop's net profit decreased by 39.21% to 126 million yuan, with total revenue of 4.661 billion yuan, down 5.74% [18] Group 5 - Yiling Pharmaceutical's net profit increased by 80.33% to 1 billion yuan, with total revenue of 5.868 billion yuan, down 7.82% [20] - Hengwei Technology's net profit decreased by 50.16% to 39.01 million yuan, with total revenue of 739 million yuan, up 16.14% [22] - Gaode Infrared reported a net profit increase of 1058.95% to 582 million yuan, with total revenue of 3.068 billion yuan, up 69.27% [24] Group 6 - Sanxia Water reported a net profit decrease of 8.53% to 351 million yuan, with total revenue of 7.611 billion yuan, down 6.06% [26] - Junda Co. reported a net loss of 419 million yuan for the first three quarters, with total revenue of 5.682 billion yuan, down 30.72% [28] - Shanghai Energy's net profit decreased by 59.22% to 255 million yuan, with total revenue of 5.64 billion yuan, down 22.03% [30] Group 7 - Haizheng Biomaterials reported a net profit decrease of 85.34% to 490,570 yuan, with total revenue of 621 million yuan, down 5.74% [32] - Huisheng Lithium reported a net loss of 103 million yuan, with total revenue of 539 million yuan, up 62.29% [34] - Weicet Technology's net profit increased by 226.41% to 202 million yuan, with total revenue of 1.083 billion yuan, up 46.22% [36] Group 8 - Mengjie Co. reported a net profit increase of 28.69% to 26.52 million yuan, with total revenue of 1.099 billion yuan, down 7.97% [38] - Qingdao Beer terminated its acquisition of 100% equity in Jimo Yellow Wine due to unmet conditions [40] - Sifang Precision plans to issue H-shares and list on the Hong Kong Stock Exchange [42]

Core Insights - The environmental equipment sector saw a rise of 0.71% on October 27, with Huahong Technology leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Environmental Equipment Sector Performance - Huahong Technology (002645) closed at 16.21, with a gain of 7.35% and a trading volume of 521,600 shares, amounting to a transaction value of 832 million [1] - ST Xianhe (300137) closed at 8.28, up 4.15%, with a trading volume of 151,800 shares and a transaction value of 124 million [1] - Longyuan Technology (300105) closed at 7.90, increasing by 2.46%, with a trading volume of 189,200 shares and a transaction value of 148 million [1] - Other notable performers include Shengjian Technology (603324) with a 2.19% increase and a closing price of 27.03, and Bixing Wulian (688671) with a 1.74% increase, closing at 22.79 [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 52.4 million from institutional investors, while retail investors saw a net inflow of 42.5 million [2] - Huahong Technology had a significant net outflow of 34.9 million from institutional investors, while ST Xianhe saw a net inflow of 15.5 million [3] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remain active in the market [2][3]

碧兴物联(688671.SH)发布公告，因自身经营需要，丰图汇烝拟减持其所持有的公司股份合计不超过 235.56万股(不超过公司总股本的3%)。 ...

据统计，10月26日，暂无A股上市公司披露增持情况。包括碧兴物联、奕瑞科技在内的2家A股上市公司 披露减持情况。 | | 10.26上市公司盘后减持情况 | | --- | --- | | 碧兴物联 | 股东丰图汇柔拟减持不超3%公司股份 | | 2 | 奕瑞科技 | 责任编辑：何俊熹 ...