Financial Performance - The company's operating revenue for the third quarter reached ¥5,258,166,422.79, representing a year-on-year increase of 23.55%[3] - Net profit attributable to shareholders decreased by 88.04% to ¥4,597,608.06 compared to the same period last year[3] - The basic earnings per share fell by 88.04% to ¥0.0031, while diluted earnings per share also decreased by the same percentage[3] - Operating revenue for the current period was RMB 14.04 billion, down from RMB 14.37 billion in the previous period, a decrease of about 2.3%[17] - The net profit for the current period is 4,155,447.57, a decrease of 83.6% compared to 25,236,698.90 in the previous period[18] - Operating profit decreased to 42,749,247.51, down 61.9% from 112,060,873.43 in the previous period[18] - Total profit for the current period is 38,321,582.32, a decline of 64.7% from 108,545,922.36 in the previous period[18] - The company reported a net profit margin of approximately 3.0% based on the operating revenue and total operating costs[17] - The company reported a total comprehensive income of -7,552,449.58, a significant drop from 26,023,178.19 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥41,973,596,332.65, down 7.51% from the end of the previous year[3] - Total assets decreased from RMB 45.38 billion at the beginning of the period to RMB 41.97 billion at the end of the period, a reduction of approximately 7.5%[13][15] - Total liabilities decreased from RMB 38.96 billion to RMB 35.63 billion, a reduction of approximately 8.0%[15] - The company's cash and cash equivalents decreased from RMB 3.35 billion to RMB 2.76 billion, a decline of about 17.1%[13] - Accounts receivable decreased from RMB 10.89 billion to RMB 8.28 billion, a reduction of approximately 24.0%[13] - Inventory increased from RMB 12.10 billion to RMB 12.80 billion, an increase of about 5.7%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 46.42% to ¥11,001,668.12[3] - The company reported a net cash flow from operating activities of 11,001,668.12, an increase from 7,514,022.95 in the previous period[20] - Cash flow from investment activities generated a net inflow of 2,205,469,496.95, compared to a net outflow of 372,077,624.36 in the previous period[21] - Cash and cash equivalents at the end of the period increased to 692,116,080.74 from 287,038,533.64 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,812[9] - The largest shareholder, Tianjin TEDA Investment Holding (Group) Co., Ltd., holds 32.98% of the shares, amounting to 486,659,104 shares[9] Future Plans - The company plans to issue low-carbon transformation bonds not exceeding RMB 2 billion, with a maturity of up to 10 years, supported by a guarantee from a related party[10] - The company intends to repurchase shares with a total fund of RMB 35 million to 70 million, at a price not exceeding RMB 5.89 per share, with a maximum of 4,164,689 shares repurchased as of September 30, 2025[12] Other Financial Metrics - The weighted average return on equity was 0.08%, a decrease of 0.58 percentage points compared to the previous year[3] - Non-recurring gains and losses for the current period totaled -¥15,181,324.90, with significant impacts from asset disposal losses and government subsidies[4] - The company reported a decrease in investment income and fair value changes, contributing to the decline in net profit[7] - The company incurred financial expenses of 435,124,315.24, slightly up from 423,089,458.04 in the previous period[18] - Research and development expenses decreased to 26,041,478.28 from 29,170,533.33 in the previous period[18] - Total operating costs decreased from RMB 14.50 billion to RMB 14.19 billion, a reduction of approximately 2.1%[17]

Market Overview - On October 20, the comprehensive sector rose by 0.26% compared to the previous trading day, with the Shanghai Sanmao leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Shanghai Sanmao (600689) closed at 14.26, with a gain of 4.93% and a trading volume of 71,200 shares, amounting to a turnover of 100 million yuan [1] - Yuegui Co. (000833) closed at 14.86, up 3.55%, with a trading volume of 638,100 shares and a turnover of 951 million yuan [1] - Nanjing Public Utilities (000421) closed at 6.90, gaining 3.45%, with a trading volume of 446,400 shares and a turnover of 30.4 million yuan [1] - Other notable stocks include Sanmu Group (000632) with a 2.05% increase, Ningbo United (600051) up 1.82%, and Tianchen Co. (600620) up 1.80% [1] Capital Flow - The comprehensive sector experienced a net outflow of 88.57 million yuan from main funds, while retail investors saw a net inflow of 103 million yuan [2] - The net outflow from speculative funds was 14.76 million yuan [2] Individual Stock Capital Flow - Yuegui Co. (000833) had a main fund net outflow of 59.84 million yuan, with retail investors contributing a net inflow of 44.73 million yuan [3] - Nanjing Public Utilities (000421) saw a net inflow of 24.57 million yuan from main funds, while retail investors had a net outflow of 30.74 million yuan [3] - Tianchen Co. (600620) experienced a net outflow of 3.75 million yuan from main funds, but retail investors contributed a net inflow of 4.89 million yuan [3]

Market Overview - On October 17, the Tianjin state-owned enterprise reform sector fell by 2.19% compared to the previous trading day, with Baili Electric leading the decline [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with Guifaxiang rising by 4.13% to a closing price of 12.86, while Baili Electric dropped by 6.69% to 6.56 [2] - The trading volume and turnover for Guifaxiang were 263,400 shares and 337 million yuan, respectively [2] Capital Flow - The main funds in the Tianjin state-owned enterprise reform sector experienced a net outflow of 180 million yuan, while retail investors saw a net inflow of 204 million yuan [2][3] - The capital flow data indicates that Guifaxiang had a net inflow of 28.86 million yuan from main funds, while Tianjin Port saw a net outflow of 4.73 million yuan [3]

Market Overview - On October 15, the comprehensive sector rose by 0.81% compared to the previous trading day, with the Shanghai Composite Index closing at 3912.21, up 1.22%, and the Shenzhen Component Index closing at 13118.75, up 1.73% [1]. Top Gainers - Nanjing New Hundred (600682) led the gains with a closing price of 7.68, up 3.23%, with a trading volume of 233,200 shares and a transaction value of 176 million [1]. - Zhangzhou Development (000753) followed closely with a closing price of 7.99, up 3.10%, trading 497,300 shares worth 392 million [1]. - Tianchen Co., Ltd. (600620) closed at 6.28, up 1.95%, with a trading volume of 73,900 shares and a transaction value of 45.89 million [1]. Market Capital Flow - The comprehensive sector experienced a net outflow of 97.59 million from institutional funds, while retail funds saw a net inflow of 46.55 million [2]. - The net inflow from speculative funds was 51.05 million, indicating a mixed sentiment among different investor types [2]. Individual Stock Fund Flow - Nanjing New Hundred (600682) had a net outflow of 35.75 million from institutional funds, while retail investors saw a net outflow of 3.13 million [3]. - Zhangzhou Development (000753) experienced a net inflow of 10.68 million from institutional funds, but a net outflow of 1.96 million from retail investors [3]. - Red Cotton Co., Ltd. (000523) had a net inflow of 6.56 million from institutional funds, while retail investors also faced a net outflow of 207,480 [3].

Core Viewpoint - On October 9, the company announced that as of September 30, 2025, it has repurchased a total of 4,164,689 shares through a dedicated securities account via centralized bidding, representing 0.282% of the company's current total share capital [1] Summary by Category - **Share Repurchase Details** - The company has repurchased 4,164,689 shares [1] - This amount constitutes 0.282% of the total share capital [1]

Group 1 - The company, Teda Co., announced a share buyback program, having repurchased approximately 4.16 million shares, which represents 0.282% of its total share capital, with a total expenditure of about 17.74 million yuan [1][1][1] - The highest and lowest prices for the repurchased shares were 4.44 yuan and 4.01 yuan per share, respectively [1][1][1] - As of the report date, Teda Co. has a market capitalization of 6.2 billion yuan [1][1][1] Group 2 - For the first half of 2025, the company's revenue composition was as follows: wholesale industry accounted for 89.05%, environmental management for 9.89%, construction for 0.44%, textile and apparel for 0.37%, and real estate for 0.26% [1][1][1]

证券代码：000652 证券简称：泰达股份 公告编号：2025-101 天津泰达资源循环集团股份有限公司 关于股份回购进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 天津泰达资源循环集团股份有限公司（以下简称"泰达股份"或"公司"） 分别于 2025 年 6 月 24 日和 7 月 11 日召开第十一届董事会第十九次（临时）会 议和 2025 年第四次临时股东大会，审议通过《关于回购公司股份方案的议案》， 同意公司使用回购专项贷款及自有资金以集中竞价交易方式回购部分公司股份， 用于注销并减少公司注册资本。本次回购资金总额为人民币 3,500 万元至 7,000 万元，回购股份的价格不高于 5.89 元/股，回购的具体回购股份数量以回购期满 时实际回购的股份数量为准，回购股份实施期限为自公司股东大会审议通过本次 回购股份方案之日起不超过十二个月。上述具体内容详见公司于 2025 年 6 月 26 日和 2025 年 7 月 12 日在巨潮资讯网（http://www.cninfo.com.cn）披露的《第十 一届董事会第十九次（临时）会议决议公告 ...

Group 1 - The company held its 23rd temporary meeting of the 11th board of directors on September 26, 2025, with all eight directors present, either in person or via video [2] - The board approved a proposal to authorize its subsidiary, Tianjin TEDA Environmental Protection Co., Ltd., to participate in overseas waste management facility project bidding [3] - The board also approved multiple amendments to governance documents, including the subsidiary management system and various committee implementation rules, all receiving unanimous support [4][5][6][7][8][9][10][11][12][13][14][15][16][17] Group 2 - The company announced a guarantee provision for its subsidiaries, including Tianjin TEDA Energy Group Co., Ltd., Tianjin Runtai Environmental Protection Co., Ltd., and Luoyang Runde Environmental Protection Co., Ltd., to support their financing needs [23][25] - The total guarantee amount provided by the company is 11.398 billion yuan, which accounts for 198.71% of the company's latest audited net assets [51] - The board believes that providing guarantees for its subsidiaries is beneficial for their business development and considers the associated risks to be manageable [50]

证券代码：000652 证券简称：泰达股份 公告编号：2025-99 天津泰达资源循环集团股份有限公司 关于修订、制定部分公司治理制度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 1 | 序号 | 制度名称 | 类型 | 是否需要提交股 东大会审议 | | --- | --- | --- | --- | | 13 | 《信息披露暂缓与豁免管理制度》 | 制定 | 否 | | 14 | 《董事、高级管理人员离职管理制度》 | 制定 | 否 | 上述制度已经公司于 2025 年 9 月 26 日召开的第十一届董事会第二十三次 （临时）会议审议通过，并自董事会审议通过之日起生效。 修 订 后 和 制 定 的 制 度 全 文 详 见 公 司 同 日 披 露 于 巨 潮 资 讯 网 （www.cninfo.com.cn）的相关公告。 二、备查文件 （一）《天津泰达资源循环集团股份有限公司第十一届董事会第二十三次（临 时）会议决议》 特此公告。 一、修订、制定部分公司治理制度的情况 进一步提升天津泰达资源循环集团股份有限公司（以下简称"公司"）规范 运作水平，建 ...

天津泰达资源循环集团股份有限公司 第十一届董事会第二十三次（临时）会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 天津泰达资源循环集团股份有限公司（以下简称"公司"）第十一届董事会 第二十三次（临时）会议通知于 2025 年 9 月 22 日以电话和电子邮件方式向全体 董事发出。本次会议于 2025 年 9 月 26 日在公司 15 层报告厅以现场结合通讯方 式召开。应出席董事八人，实际出席八人（其中委托出席三人，以视频方式出席 会议四人）。董事长周志远先生、董事王卓先生和独立董事刘晓纯先生因工作原 因未能现场出席，在充分知晓议题的前提下，分别委托董事孙国强先生、董事徐 阳雪先生和独立董事葛顺奇先生代为出席并行使表决权。董事徐阳雪先生、董事 赵忱先生、独立董事李莉女士和独立董事葛顺奇先生以视频会议方式出席了本次 会议。公司半数以上董事共同推举孙国强先生主持会议，部分公司高级管理人员 列席会议。会议符合《公司法》和《公司章程》等相关规定。 二、董事会会议审议情况 证券代码：000652 证券简称：泰达股份 公告编号：2025 ...