Financial Performance - Net profit attributable to shareholders was ¥1,912,800.85, representing a decrease of 53.91% year-over-year[3] - Operating revenue for the reporting period was ¥410,073,326.62, down 1.43% from the same period last year[3] - The basic earnings per share decreased by 60.71% to ¥0.0022[4] - Total operating revenue for the current period was CNY 1,025,104,268.23, a decrease of 18.3% compared to CNY 1,254,735,735.24 in the previous period[20] - Net profit for the current period was a loss of CNY 92,056,387.26, compared to a loss of CNY 35,371,276.38 in the previous period, indicating a significant increase in losses[21] - Basic earnings per share for the current period was -0.1015, compared to -0.0326 in the previous period, indicating a decline in earnings performance[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,730,740,089.70, a decrease of 0.32% compared to the previous year[3] - The company reported a total asset of CNY 6,730,740,089.70 as of September 30, 2025, a slight decrease from CNY 6,752,422,553.02 at the beginning of the period[16] - Current assets amounted to CNY 5,264,636,761.37, showing a marginal increase from CNY 5,236,811,571.93[17] - The company held a total of CNY 1,466,103,328.33 in non-current assets, down from CNY 1,515,610,981.09[17] - The total liabilities decreased to CNY 3,395,337,767.15 from CNY 3,970,075,852.75, a reduction of approximately 14.5%[19] - The company’s total liabilities were not explicitly stated but included significant short-term debts and accounts payable[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥521,312,743.01, an improvement of 21.53% compared to the previous year[4] - Operating cash flow for the current period was -521,312,743.01 CNY, an improvement from -664,354,448.33 CNY in the previous period, indicating a reduction in cash outflow[23] - Cash inflow from operating activities totaled 1,280,792,744.40 CNY, an increase from 1,187,167,853.88 CNY year-over-year[23] - Cash outflow for operating activities was 1,802,105,487.41 CNY, slightly lower than 1,851,522,302.21 CNY in the previous period[23] - Total cash inflow from financing activities reached 1,375,137,838.75 CNY, significantly higher than 424,093,013.09 CNY in the prior period, reflecting strong capital raising efforts[24] - Net cash flow from financing activities increased by 219.74% to ¥566,964,001.66, primarily due to the receipt of matching fundraising[10] Investment and Expenses - The company reported a significant increase in investment income, which rose by 105.10% to ¥10,350,532.19 due to the disposal of subsidiaries[10] - The company experienced a 58.79% increase in financial expenses, totaling ¥17,063,675.39, mainly due to higher interest expenses[10] - The company reported a significant increase in financial expenses, rising to CNY 17,063,675.39 from CNY 10,745,996.62, an increase of 58.5%[20] - Research and development expenses remained stable at CNY 238,425,304.88, slightly up from CNY 238,305,054.23[20] Shareholder Information - The company’s equity attributable to shareholders increased by 20.08% to ¥3,154,236,293.75 compared to the end of the previous year[3] - The company’s major shareholders include Shaanxi Fenghuo Communication Group Co., Ltd. with a 23.21% stake and Shaanxi Electronic Information Group Co., Ltd. with a 15.83% stake[13] - The company plans to use part of the raised funds for capital increase in subsidiaries for investment projects, as approved in recent board meetings[14] Inventory and Receivables - Inventory increased to CNY 1,809,575,919.37 from CNY 1,516,327,480.94, indicating a growth of approximately 19.3%[17] - Accounts receivable rose to CNY 2,527,819,947.73 from CNY 2,424,273,467.21, reflecting an increase of approximately 4.3%[16] Audit and Reliability - The third quarter report was not audited, which may affect the reliability of the financial data presented[25]

Market Overview - As of 14:00, the Shanghai Composite Index is at 3859.80 points, with an increase of 0.52% [1] - The total trading volume of A-shares today is 1,431.28 billion yuan [1] Technical Analysis - A total of 84 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - The stocks with the largest distance between their 5-day and 10-day moving averages include: - Yunnan Zhenye: 5-day MA is -2.45% below the 10-day MA [1] - Qiangli New Materials: 5-day MA is -2.22% below the 10-day MA [1] - Feirongda: 5-day MA is -2.14% below the 10-day MA [1] Individual Stock Performance - Yunnan Zhenye (002428): Today's change is -0.93%, with a 5-day MA of 27.71 yuan and a 10-day MA of 28.41 yuan [1] - Qiangli New Materials (300429): Today's change is +0.53%, with a 5-day MA of 13.95 yuan and a 10-day MA of 14.26 yuan [1] - Feirongda (300602): Today's change is +1.03%, with a 5-day MA of 33.00 yuan and a 10-day MA of 33.72 yuan [1] - Other notable stocks include: - Warner Pharmaceuticals (688799): Today's change is +0.43%, with a 5-day MA of 55.41 yuan [1] - Blue Ying Equipment (300293): Today's change is +0.34%, with a 5-day MA of 24.48 yuan [1] Additional Stock Data - The following stocks also show a downward trend in their 5-day moving averages compared to their 10-day moving averages: - Nanya New Materials (688519): -0.90% change, 5-day MA of 74.18 yuan [1] - Aerospace Morning Light (600501): -2.84% change, 5-day MA of 23.60 yuan [1] - Haichen Pharmaceutical (300584): +1.92% change, 5-day MA of 57.39 yuan [1]

Market Overview - The low-altitude economy sector increased by 1.77% compared to the previous trading day, with Zhenyu Technology leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Notable gainers in the low-altitude economy sector included: - Nongyu Technology (300953) with a closing price of 178.03, up 11.28% and a trading volume of 100,500 shares, totaling 1.716 billion yuan [1] - Guangdian Jigu (002967) closed at 20.97, up 10.02% with a trading volume of 256,900 shares, totaling 518 million yuan [1] - Huajian Group (600629) closed at 33.85, up 10.01% with a trading volume of 849,400 shares, totaling 2.737 billion yuan [1] - New Clean Energy (605111) closed at 40.13, up 10.01% with a trading volume of 920,300 shares, totaling 3.651 billion yuan [1] Capital Flow - The low-altitude economy sector experienced a net outflow of 27.7962 million yuan from institutional investors, while retail investors saw a net inflow of 785 million yuan [2] - The capital flow for specific stocks showed: - Chang'an Automobile (000625) had a net inflow of 651 million yuan from institutional investors, while retail investors had a net outflow of 386 million yuan [3] - New Clean Energy (605111) had a net inflow of 650 million yuan from institutional investors, with retail investors experiencing a net outflow of 270 million yuan [3] - Siwei Tuxin (002405) had a net inflow of 158 million yuan from institutional investors, while retail investors had a net outflow of 983 million yuan [3]

Group 1 - The company, Fenghuo Electronics, announced that its 10th second board meeting was held on September 25, 2025, via communication voting [1] - The meeting reviewed the proposal to increase the estimated amount of daily related transactions for the year 2025 [1] Group 2 - On the anniversary of "9.24", the total market value of A-shares exceeded 116 trillion yuan, indicating significant changes in the Chinese capital market [1]

西部证券股份有限公司 关于陕西烽火电子股份有限公司增加 2025 年度日常关联交易预计额度的核查意见 西部证券股份有限公司（以下简称"独立财务顾问"、"西部证券"）作 为陕西烽火电子股份有限公司（以下简称"烽火电子"、"公司"）发行股份及 支付现金购买资产并募集配套资金暨关联交易（以下简称"本次交易"）的独立 财务顾问，根据《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》《深圳证券交易所股票上市规则》《上市公司募集资金监管规 则》等相关规定，对公司增加 2025 年度日常关联交易预计额度的事项进行了核 查，具体如下： 一、关联交易概述 根据公司的实际生产经营需求，为保证公司业务正常开展，更加准确的反 映公司与关联方 2025 年度日常关联交易情况，公司拟增加 2025 年日常关联交 易预计额度。 二、日常关联交易基本情况 2025 年 4 月 24 日，公司第九届董事会第三十次会议审议通过《关于调整 2025 年日常关联交易实施计划的议案》，公司预计与关联方发生的日常关联交 易总额为 13,600.00 万元，其中：预计采购商品、接受劳务等日常关联交易额度 为 12,000.00 万 ...

陕西烽火电子股份有限公司 重大信息内部报告制度 （2025 年 9 月 25 日第十届董事会第四次会议审议通过） 第一章 总 则 （一）公司董事、高级管理人员、各部门负责人； （二）公司分公司或分支机构、控股子公司的负责人； （三）公司派往各控股子公司担任董事、监事的人员，以及派驻对公 司具有重大影响的参股公司的董事、监事和高级管理人员； （四）其他由于所任公司职务可以获取公司有关重大信息的人员； （五）其他对重大信息可能知情的人员。 第五条 公司控股股东及实际控制人，应按照中国证监会《关于规范 上市公司信息披露及相关各方行为的通知》要求，对于应披露的重大信息， 应主动告知公司董事会，并积极配合公司及时、准确、完整地进行披露。 第六条 信息报告义务人负有向公司报告本制度规定的重大信息并提 交相关资料的义务。信息报告义务人的职责： 第一条 为规范陕西烽火电子股份有限公司（以下简称"公司"）重大 信息内部报告工作，保证公司内部重大信息的快速传递、归集和有效管理， 真实、准确、完整、及时、公平地披露信息，维护投资者的合法权益，根 据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证 券法》（以下简称 ...

陕西烽火电子股份有限公司 募集资金管理办法 （2025 年 9 月 25 日第十届第四次董事会会议审议通过） 第一章 总则 第一条 为了加强陕西烽火电子股份有限公司（以下简称"公司"） 募集资金的存放、使用和管理，提高募集资金使用效益，根据《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司募集资金监管规则》 《深圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）、《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 等法律、法规和规范性文件的规定并结合公司实际情况，特制定本办法。 第二条 本办法所称募集资金是指公司通过发行股票或者其他具有 股权性质的证券，向投资者募集并用于特定用途的资金，不包括公司为实 施股权激励计划募集的资金。 本办法所称超募资金，是指实际募集资金净额超过计划募集资金金额 的部分。 第三条 募集资金到位后，公司应及时办理验资手续，由具有证券从 业资格的会计师事务所出具验资报告，并按照募股说明书所承诺的募集资 金使用计划，组织募集资金的使用工作。 第四条 募集资金投资项目（以下简称"募投项目"）通过公司的子 公司或者公司控制的其他企业实施的，公司确 ...

陕西烽火电子股份有限公司 关于增加 2025 年日常关联交易预计额度的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、日常关联交易基本情况 （一）关联交易概述 陕西烽火电子股份有限公司（以下简称"公司"）于 2024 年 4 月 10 日召开第九届董事会第十九次会议，审议通过了《关于 2024-2025 年日常 关联交易实施计划的议案》，预计 2025 年度公司与关联方发生的日常关 联交易总金额为人民币 10,468.32 万元。详见公司于 2024 年 4 月 12 日刊 登在《中国证券报》、《证券时报》和巨潮资讯网（www.cninfo.com.cn） 上的《关于 2024-2025 年度日常关联交易预计的公告》。 股票简称：烽火电子 股票代码：000561 公告编号：2025--070 2025 年 4 月 24 日，公司第九届董事会第三十次会议审议通过了《关 于调整 2025 年日常关联交易实施计划的议案》，公司预计与关联方发生 的日常关联交易总额为 13,600.00 万元，其中：预计采购商品、接受劳务 等日常关联交易额度为 12,000.0 ...

陕西烽火电子股份有限公司 第十届董事会独立董事第二次专门会议决议 一、独立董事专门会议召开情况 陕西烽火电子股份有限公司（以下简称"公司"）第十届董事会独立董事第二次专 门会议于 2025 年 9 月 25 日以通讯表决方式召开，应出席独立董事 3 人，实际出席独立 董事 3 人。会议的召开和表决程序符合《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》和公司《独立董 事专门会议工作制度》等有关法律、行政法规、部门规章、规范性文件的规定。 三、独立董事审核意见 作为公司独立董事，我们就公司拟在第十届董事会第四次会议审议的相关议案进行 了审阅，并且与公司相关人员进行了有效沟通，基于独立、客观、审慎判断的原则，现 形成审核意见如下： 公司增加 2025 年度日常关联交易预计额度是基于公司生产经营的需要，属于正常 的商业交易行为。关联交易价格依据市场价格确定，定价公允合理，遵循了公允、公平、 公正的原则，不存在损害公司及股东尤其是中小股东利益的行为，符合公司整体利益。 关联交易审议程序符合法律、行政规定、部门规章及其他规范性法律文件和《公司章程》 《关联交易 ...

股票简称：烽火电子 股票代码：000561 公告编号：2025—069 陕西烽火电子股份有限公司 第十届董事会第四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 一、董事会会议召开情况 2025 年 9 月 25 日，陕西烽火电子股份有限公司第十届董事会第四次会 议以通讯表决的方式召开。本次会议通知已于 2025 年 9 月 17 日以电子邮 件等方式送达公司董事及高级管理人员。本次会议应参加表决董事 9 名， 实际参加表决董事 9 名。会议召开符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 本次会议经过充分审议，通过如下决议： 1、通过了关于制定公司《重大信息内部报告制度》的议案； 表决结果：同意 9 票，反对 0 票，弃权 0 票；表决通过。 表决结果：同意 3 票，反对 0 票，弃权 0 票；表决通过。关联董事赵 刚强、杨勇、赵冬、李鹏、马玲、线静对本议案回避表决。 本议案经第十届董事会独立董事第二次专门会议审议通过。 4、通过了关于控股子公司为自身债务担保的议案。 表决结果：同意 8 票，反对 0 票，弃权 0 票；表决通过 ...