Group 1 - The core point of the announcement is the resolution of the second extraordinary general meeting of shareholders held by Jiangsu Maxinlin Aviation Technology Co., Ltd. on November 3, 2025, with no rejected proposals [1][2]. - The meeting was held at the specified location in Suzhou, and the voting was conducted through a combination of on-site and online methods, complying with the Company Law and the company's articles of association [2][3]. - All nine current directors attended the meeting, with one director participating via communication, and the board secretary was present [4]. Group 2 - The first resolution discussed was the reappointment of the accounting firm, which was approved by a majority of the voting rights held by shareholders present at the meeting [5][6]. - The second resolution involved the election of independent directors, which included a separate vote for minority investors [5][6]. - The meeting was witnessed by lawyers from Shanghai Jintiancheng Law Firm, who confirmed that the meeting's procedures and voting results were legal and valid [6].

上海市锦天城律师事务所 关于 上海市锦天城律师事务所 关于江苏迈信林航空科技股份有限公司 2025 年第二次临时股东会的法律意见书 致：江苏迈信林航空科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）和《中华人 民共和国公司法》（以下简称"《公司法》"）等法律、法规和有关规范性文件 的要求，上海市锦天城律师事务所（以下简称"本所"）接受江苏迈信林航空科 技股份有限公司（以下简称"迈信林"或"公司"）的委托，指派本所律师参加 迈信林 2025 年第二次临时股东会（以下简称"本次股东会"），并出具本法律 意见书。 为出具本法律意见书，本所及经办律师依据《证券法》《律师事务所从事证 券法律业务管理办法》和《律师事务所证券法律业务执业规则》等规定及本法律 意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉 尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认定的事实真 实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈 述或者重大遗漏，并承担相应法律责任。 本法律意见书仅供本次股东会之目的使用。本所律师同意将本法律意见书随 迈信林本次股东会其他信息 ...

证券代码：688685 证券简称：迈信林 公告编号：2025-051 江苏迈信林航空科技股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 38 | | --- | --- | | 普通股股东人数 | 38 | | 2、出席会议的股东所持有的表决权数量 | 53,702,306 | | 普通股股东所持有表决权数量 | 53,702,306 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 36.9274 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 36.9274 | （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 1、本次会议表决采取现场投票和网络投票相结合的方式，表决程序符合《公司 法》和《公司章程》的规定； ...

Core Points - The announcement reveals that shareholder Xu Yinghui holds 7,271,333 shares of Jiangsu Maixinlin Aviation Technology Co., Ltd, representing 5.00% of the total share capital [2] - Xu Yinghui has completed the pledge registration of 7,270,000 shares, which accounts for 99.98% of his total holdings and 5.00% of the company's total share capital [2] - The pledged shares are not used as collateral for major asset restructuring or performance compensation, and there are no potential performance compensation obligations associated with these shares [2] Shareholder Pledge Situation - As of the date of the announcement, Xu Yinghui's cumulative pledged shares are detailed, indicating a significant portion of his holdings are pledged [3] - The company commits to timely disclosure of any significant changes regarding the pledged shares in accordance with relevant regulations [3]

证券代码：688685 证券简称：迈信林 公告编号：2025-050 截至本公告披露日，江苏迈信林航空科技股份有限公司（以下简称"公 司"）股东徐迎辉先生持有公司股份 7,271,333 股，占公司总股本的 5.00%。 本次质押登记完成后，股东徐迎辉先生累计质押公司股份 7,270,000 股，占其持股总数的 99.98%，占公司总股本的 5.00%。 公司于近日获悉持股 5%以上股东徐迎辉先生将所持有的公司部分股份办理 了质押登记手续，具体情况如下： | | 是否 | | | | | | | 占其 | 占公司 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 为控 | 质押股数 | 是否 | 是否 | 质押起始 | 质押到期 | | 所持 | 总股本 | 质押用 | | 称 | 股股 | （股） | 为限 | 补充 | 日 | 日 | 质权人 | 股份 | 比例 | 途 | | | 东 | | 售股 | 质押 | | | | 比例 | （%） | | | | | | | | | | | （%） | ...

Group 1 - The core point of the article is that Maxinlin (688685.SH) reported its Q3 2025 results, revealing a decrease in institutional investor holdings compared to the previous quarter [1] - As of October 30, 2025, three institutional investors disclosed holding a total of 9.0597 million shares of Maxinlin, representing 6.23% of the total share capital [1] - The institutional holding ratio decreased by 0.90 percentage points compared to the previous quarter [1] Group 2 - The public funds that did not disclose holdings in the current period totaled 192, including notable funds such as Changxin National Defense Military Industry Quantitative Mixed A and Dongfang Alpha Zhaoyang Mixed A [1]

Core Insights - Moxinlin, established in March 2010 and listed on the Shanghai Stock Exchange in May 2021, specializes in aerospace component manufacturing with strong technical capabilities and a full industry chain advantage [1] Group 1: Business Performance - For Q3 2025, Moxinlin reported revenue of 446 million yuan, ranking 38th among 48 companies in the industry, with the industry leader, AVIC Xi'an Aircraft Industry Group, generating 30.244 billion yuan [2] - The company's net profit for the same period was 76.79 million yuan, placing it 27th in the industry, while the top performer, AVIC Shenyang Aircraft Corporation, reported a net profit of 1.369 billion yuan [2] Group 2: Financial Ratios - Moxinlin's debt-to-asset ratio stood at 69.71% in Q3 2025, higher than the previous year's 62.08% and above the industry average of 39.42% [3] - The gross profit margin for the same period was 50.39%, an increase from 35.37% year-on-year and above the industry average of 30.54% [3] Group 3: Management and Shareholder Information - Chairman Zhang Youzhi's salary increased from 976,300 yuan in 2023 to 996,000 yuan in 2024, while General Manager Wang Qi's salary rose significantly from 271,500 yuan to 647,100 yuan [4] Group 4: Shareholder Dynamics and Business Expansion - As of September 30, 2025, the number of A-share shareholders decreased by 8.75% to 6,974, while the average number of circulating A-shares held per account increased by 9.59% to 20,900 [5] - Moxinlin is expanding its business into computing power, establishing a subsidiary for this purpose and launching a drone division to tap into the civilian drone market [5] - The computing power segment generated 153 million yuan in revenue in the first half of 2025, accounting for 53.36% of total revenue, indicating significant growth [5]

Core Insights - The company reported a revenue of 446 million yuan for the first three quarters of 2025, representing a year-on-year growth of 48.42% [1] - The net profit attributable to shareholders reached 56.34 million yuan, marking a year-on-year increase of 55.17% [1] - The net profit excluding non-recurring items was 50.22 million yuan, showing a year-on-year growth of 59.35% [1] - The basic earnings per share stood at 0.39 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥159,015,875.61, an increase of 38.54% compared to the same period last year[3] - The total profit for the quarter was ¥18,216,511.62, reflecting a significant increase of 288.86% year-over-year[3] - The net profit attributable to shareholders was ¥15,262,968.37, up 102.58% from the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥13,714,494.08, which represents a 114.79% increase year-over-year[3] - Basic earnings per share for the quarter were ¥0.11, a 120.00% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached CNY 446,411,049.50, a significant increase of 48.5% compared to CNY 300,784,746.30 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was CNY 99,792,878.62, up 175.5% from CNY 36,272,060.05 in the first three quarters of 2024[20] - Net profit for the first three quarters of 2025 was CNY 76,792,027.95, representing a 118.5% increase from CNY 35,184,462.60 in the same period of 2024[21] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.39, compared to CNY 0.25 in the first three quarters of 2024[21] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥399,246,423.86, which is a 510.46% increase year-to-date[3] - Cash flow from operating activities for the first three quarters of 2025 was CNY 399,246,423.86, a substantial increase from CNY 65,401,401.60 in the same period of 2024[22] - Total cash inflow from operating activities was CNY 1,739,835,991.83 in 2025, compared to CNY 446,008,637.72 in 2024, marking an increase of 289.5%[23] - The net increase in cash and cash equivalents was $230,745,663.01, compared to $13,482,328.34 previously, indicating strong liquidity improvement[24] - The ending balance of cash and cash equivalents reached $306,198,063.10, up from $107,952,511.35 at the end of the previous period[24] - The company has a cash balance of ¥306,198,063.10, up from ¥77,142,955.85, showing improved liquidity[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,026,776,309.63, marking a 39.23% increase from the end of the previous year[4] - The company's total current assets amount to ¥1,297,299,127.10, an increase from ¥918,803,004.73 in the previous period[15] - Accounts receivable increased to ¥720,999,856.26 from ¥502,649,864.14, reflecting a growth of approximately 43.5%[15] - The total assets of the company reached ¥3,026,776,309.63, up from ¥2,173,948,686.41[16] - The total liabilities amount to ¥1,246,870,177.61, compared to ¥1,163,582,726.95 in the previous period[16] - Long-term borrowings increased significantly to ¥704,304,826.47 from ¥191,859,629.48, indicating a strategic shift in financing[16] - Total liabilities increased to CNY 2,109,870,368.22 in 2025 from CNY 1,374,981,656.30 in 2024, reflecting a growth of 53.3%[18] - Total equity attributable to shareholders of the parent company rose to CNY 826,261,845.66 in 2025, up from CNY 741,130,687.95 in 2024, an increase of 11.5%[18] Research and Development - Research and development expenses totaled ¥9,384,524.43, accounting for 5.90% of operating revenue, a decrease of 1.09 percentage points[4] - Research and development expenses for the first three quarters of 2025 were CNY 29,790,412.09, compared to CNY 19,912,096.65 in the same period of 2024, indicating a growth of 49.5%[20] - The company plans to continue increasing investment in new product development, contributing to the growth in revenue and profit[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,974[11] - The largest shareholder, Zhang Youzhi, holds 32.91% of the shares, totaling 47,857,334 shares[11] - The number of shares held by the top 10 shareholders represents a significant portion of the company's equity, with the top shareholder alone holding over 32%[12] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[13] Financing Activities - Net cash flow from financing activities was $430,357,407.40, a decrease of 43% compared to $756,176,982.52 in the previous period[24] - Cash inflow from financing activities totaled $1,445,955,516.19, up 59% from $907,987,694.35 year-over-year[24] - Cash outflow from financing activities increased significantly to $1,015,598,108.79, compared to $151,810,711.83 in the prior period[24] - The company received $1,414,000,516.19 in borrowings, a substantial increase from $871,867,694.35 in the prior year[24] - Dividend payments and interest paid amounted to $48,696,772.79, compared to $21,106,822.94 in the previous period, reflecting increased shareholder returns[24] - The impact of exchange rate changes on cash and cash equivalents was $1,423,752.34, compared to $278,391.30 previously, indicating currency fluctuations[24] - The cash inflow from minority shareholders' investments was $31,955,000.00, consistent with the previous period's $36,120,000.00[24] Accounting Standards - The company will not apply new accounting standards starting from 2025, as stated in the announcement[25]

证券代码：688685 证券简称：迈信林 公告编号：2025-049 | | | | 占其 | 占公 | | | | | 剩余被 | 剩余被 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | 是否 | | | | | | | | 质押股 | 质押股 | | | | 本次解除 | 所持 | 司总 | | | | 剩余被质 | | | | 东 | 为控 | | | | 解除质 | 持股数量 | 持股比 | | 份占其 | 份占公 | | | | 质押股份 | 股份 | 股本 | | | | 押股份数 | | | | 名 | 股股 | | | | 押时间 | （股） | 例（%） | | 所持股 | 司总股 | | | | （股） | 比例 | 比例 | | | | 量（股） | | | | 称 | 东 | | （%） | （%） | | | | | 份比例 | 本比例 | | | | | | | | | | | （%） | （%） | | 徐 | | | | | 2025年 | | | | | | | 迎 | 否 ...