Core Viewpoint - The company, Sichuan Haowu Electromechanical Co., Ltd., has announced its third-quarter financial report for 2025, including a proposal to use its surplus and capital reserves to cover accumulated losses, which is subject to shareholder approval [10][20][22]. Financial Data Summary - The company reported a retrospective adjustment of operating costs amounting to 7,568,079.68 yuan and a reduction in selling expenses by the same amount due to a change in accounting policy effective from January 1, 2024 [3]. - The total accumulated losses of the company as of December 31, 2024, were reported at -943,956,237.16 yuan, with surplus reserves of 67,948,162.86 yuan and capital reserves of 1,623,187,729.93 yuan [20]. - The company plans to use a total of 943,956,237.16 yuan from its surplus and capital reserves to offset these losses, which will reduce the surplus reserves to 0 yuan and the capital reserves to 747,179,655.63 yuan [20]. Asset Impairment Provision - The company has recognized an asset impairment provision of 13.56 million yuan for the first three quarters of 2025, which includes a write-off of bad debt provisions amounting to 2.58 million yuan and a reversal of inventory impairment provisions of 9.71 million yuan [50][56]. - The impairment provisions are based on a comprehensive review of the company's assets to ensure accurate reflection of its financial status and operational results [49][56]. Shareholder Meeting - A temporary shareholder meeting is scheduled for November 12, 2025, to discuss the proposal regarding the use of reserves to cover losses, among other matters [14][24]. - The meeting will allow shareholders to vote both in person and via an online platform, ensuring compliance with relevant regulations [26][34].

Core Viewpoint - The financial performance of Haowu Co., Ltd. continues to improve, with a significant increase in net profit despite a decline in revenue [1] Financial Performance - For the first three quarters of 2025, Haowu Co., Ltd. reported a revenue of 2.183 billion yuan, a year-on-year decrease of 16.98% - The net profit for the same period was 42.7752 million yuan, showing a year-on-year increase of 279.04% - In the third quarter alone, the company achieved a revenue of 726 million yuan, down 18.69% year-on-year, while net profit reached 12.3436 million yuan, up 324.27% year-on-year - The net profit has been positive for four consecutive quarters [1] Business Segments - Haowu Co., Ltd. operates in two main segments: automotive sales and services, and internal combustion engine crankshaft manufacturing - The automotive sales segment includes vehicle sales, maintenance services, and comprehensive services, with key brands such as SAIC Volkswagen, FAW Volkswagen, and various new energy vehicle brands - The crankshaft business focuses on the research, manufacturing, and sales of crankshafts for automotive, engineering machinery, and agricultural machinery, leading in production and sales within the domestic passenger car crankshaft industry [2] Capital Management - On October 27, the company announced plans to use its surplus reserves to cover losses, with a total of 944 million yuan allocated from surplus reserves and capital reserves - This move aims to eliminate the accumulated losses reported in the parent company's financial statements, which stood at -944 million yuan at the end of last year - The implementation of this plan requires approval from the shareholders' meeting [3] Regulatory Context - The use of surplus reserves to cover losses aligns with the new Company Law, which allows companies to utilize capital reserves for loss compensation after exhausting other reserves - This regulatory change is seen as a way to enhance the operational flexibility of listed companies and create conditions for future dividend distributions [3][4] Expert Opinion - Financial experts suggest that using surplus reserves to cover losses can effectively relieve operational constraints and optimize equity structure, potentially restoring cash dividend capabilities and improving key financial metrics - This strategy is expected to enhance market confidence and valuation for the company [4]

证券代码：000757 证券简称：浩物股份 公告编号：2025-59 号 四川浩物机电股份有限公司 关于使用公积金弥补亏损的公告 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。 为深入贯彻落实国务院《关于加强监管防范风险推动资本市场高质量 发展的若干意见》、中国证券监督管理委员会《关于加强上市公司监管的 意见（试行）》等法律法规要求，积极推动公司高质量发展，提升投资者 回报能力和水平，保护投资者特别是中小投资者的合法权益，四川浩物机 电股份有限公司（以下简称"公司"）拟按照相关规定使用公积金弥补亏 损，进一步推动公司符合法律、法规和《公司章程》规定的利润分配条件。 公司于 2025 年 10 月 24 日、10 月 27 日分别召开董事会审计委员会十 届八次会议、十届九次董事会会议，审议通过了《关于使用公积金弥补亏 损的议案》，本议案尚需提交股东会审议。现将具体情况公告如下： 一、本次使用公积金弥补亏损的基本情况 根据天健会计师事务所（特殊普通合伙）出具的《审计报告》，截至 2024 年 12 月 31 日，公司母公司报表口径累计未分配利润为-943,956, ...

证券代码：000757 证券简称：浩物股份 公告编号：2025-61 号 四川浩物机电股份有限公司 关于2025年前三季度计提资产减值准备的公告 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。 根据《企业会计准则》等相关规定，四川浩物机电股份有限公司（以 下简称"公司"）对公司 2025 年前三季度合并报表范围内的各类资产进行 了全面清查。基于谨慎性原则，对截至 2025 年 9 月 30 日公司合并报表范 围内相关资产计提了资产减值准备。现将具体情况公告如下： 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 为真实、准确地反映公司 2025 年前三季度的财务状况和经营成果，根 据《企业会计准则》及公司会计政策等的相关规定，公司对截至 2025 年 9 月 30 日合并报表范围内的各类资产进行全面清查和减值测试，审慎判断各 项资产可变现净值及款项可收回性等，根据清查及测试结果，对可能发生 资产减值损失的资产计提了相应的减值准备。 （二）本次计提资产减值准备的范围和金额 经测试，公司 2025 年前三季度计提资产减值准备 1,356.07 万 ...

证券代码：000757 证券简称：浩物股份 公告编号：2025-60 号 四川浩物机电股份有限公司 关于召开二〇二五年第三次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：二〇二五年第三次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证 券交易所股票上市规则》《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、行政法规、部门规章、规范性文 件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 12 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体 时间为 2025 年 11 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳 证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 12 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。公司将通过深圳 证券交易所系统和互联网投 ...

证券代码：000757 证券简称：浩物股份 公告编号：2025-57 号 四川浩物机电股份有限公司 十届九次董事会会议决议公告 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、审议《二〇二五年第三季度报告》 表决情况：同意 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过。 详情请见公司于同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《2025 年三季度报告》（公告编号：2025-58 号）。 二、审议《关于使用公积金弥补亏损的议案》 公 司 拟 使 用 母 公 司 盈 余 公 积 67,948,162.86 元 和 资 本 公 积 876,008,074.30 元，两项合计 943,956,237.16 元用于弥补母公司累计亏损。 本次弥补亏损方案实施完成后，公司母公司盈余公积减少至 0 元，资本公 积减少至 747,179,655.63 元，母公司报表口径累计未分配利润为 0 元。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过。 本议案尚需提交股东 ...

Revenue and Profitability - The company's operating revenue for the third quarter was ¥725,779,204, a decrease of 18.69% compared to the same period last year[4] - Net profit attributable to shareholders was ¥12,343,566.6, representing a significant increase of 324.27% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥8,204,802.29, up 219.00% from the previous year[4] - The basic earnings per share increased to ¥0.0236, a rise of 324.76% compared to the same quarter last year[4] - Operating profit improved to ¥53,398,937.13 from a loss of ¥17,516,086.21 in the previous period[24] - Net profit for the period was ¥42,775,218.68, compared to a net loss of ¥23,899,592.97 in the same period last year[24] - The total comprehensive income amounted to ¥42,775,218.68, a decrease from the previous period's loss of ¥23,899,592.97[25] - Basic and diluted earnings per share were both ¥0.0818, compared to a loss of ¥0.0451 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,461,297,786.62, reflecting a decrease of 1.86% from the beginning of the year[4] - Total assets decreased to ¥2,461,297,786.62 from ¥2,507,986,557.55, a reduction of about 1.8%[21] - Total liabilities decreased to ¥869,154,768.47 from ¥956,934,624.55, a decline of approximately 9.2%[21] - Non-current assets increased to ¥848,173,949.55 from ¥755,472,696.98, an increase of about 12.3%[20] Cash Flow - The company's cash flow from operating activities was ¥231,338,429.8, down 26.87% year-on-year[4] - Cash inflow from operating activities was ¥2,349,088,839.96, down from ¥3,119,656,342.67 in the previous period, representing a decrease of approximately 24.7%[26] - Net cash flow from operating activities was ¥231,338,429.89, a decline of 26.9% from ¥316,337,892.87 in the previous period[27] - Cash outflow from investing activities totaled ¥614,972,862.78, significantly higher than ¥92,690,014.55 in the previous period[27] - Net cash flow from investing activities was -¥223,708,773.41, worsening from -¥78,501,270.17 in the previous period[27] - Cash inflow from financing activities was ¥512,815,644.24, down from ¥651,533,864.00 in the previous period[27] - Net cash flow from financing activities was -¥46,389,805.45, an improvement from -¥97,000,025.87 in the previous period[27] - The ending cash and cash equivalents balance was ¥675,176,520.32, a decrease from ¥726,984,819.67 in the previous period[27] - The net increase in cash and cash equivalents was -¥38,492,006.28, a decline of 127.33% compared to the previous period[14] Investments and Financial Assets - The balance of trading financial assets increased by 1593.69% to ¥86,977,424.88 due to an increase in structured deposits[10] - Investment losses improved by 72.22% to -¥2,489,296.05, attributed to reduced losses from joint ventures and increased gains from the disposal of financial assets[12] - Fair value gains increased significantly by 4167.80% to ¥723,013.00 due to changes in the fair value of trading financial assets[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,674[16] - The largest shareholder, Tianjin Haoling Automobile Trade Co., Ltd., holds 27.73% of shares, totaling 147,715,694 shares[16] Other Financial Information - The company received government subsidies amounting to ¥2,203,980.14 during the reporting period[7] - Tax and additional fees decreased by 33.34% to ¥6,234,976.96 due to reduced VAT payments by subsidiaries[12] - Financial expenses decreased by 60.15% to ¥3,833,563.76 primarily due to reduced interest expenses on loans[12] - The construction in progress increased by 507.45% to ¥110,432,863.93 due to increased investment in production lines[10] - The third quarter financial report was not audited[28]

Core Insights - The automotive service sector experienced a decline of 0.22% on October 27, with Jiaoyun Co. leading the drop [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] Automotive Service Sector Performance - Xiamen Xinda (000701) saw a closing price of 6.21, with a gain of 5.43% and a trading volume of 799,600 shares, totaling a transaction value of 499 million [1] - Haowu Co. (000757) closed at 6.02, up 4.88%, with a trading volume of 307,600 shares, amounting to 182 million [1] - Other notable performances include: - Zhongqi Co. (301215) at 6.53, up 1.40% [1] - Alter (300825) at 10.90, up 0.28% [1] - Guoji Automobile (600335) remained unchanged at 6.08 [1] - Dezhong Automobile (920030) at 7.40, down 0.40% [1] - Other companies like China Automotive Research (601965) saw a decline of 2.39% [1] Capital Flow Analysis - The automotive service sector experienced a net outflow of 9.07 million from institutional investors and 50.57 million from speculative funds, while retail investors saw a net inflow of 59.64 million [2] - Detailed capital flow for selected companies includes: - Xiamen Xinda had a net inflow of 14.75 million from institutional investors [3] - Jiaoyun Co. faced a net outflow of 10.84 million from institutional investors [3] - China Automotive Research had a significant net outflow of 11.15 million from institutional investors [3]

Core Viewpoint - The company, Haowu Co., Ltd. (000757), is optimizing its automotive sales and service business by leveraging national policies for equipment upgrades and trade-in programs, leading to significant improvements in asset efficiency and personnel effectiveness [1] Group 1: Business Strategy - The company is enhancing operational management and strengthening cost control measures [1] - Actions taken include shutting down and transferring underperforming specialty stores and expanding into the new energy vehicle market [1] Group 2: Financial Performance - The automotive sales and service segment is projected to achieve a net profit of 1.6429 million yuan in the first half of 2025, marking a turnaround from previous losses [1] - This represents a year-on-year improvement, indicating a successful recovery strategy [1]

Core Viewpoint - The company is addressing investor concerns regarding low net profit from its automotive sales segment and the significant capital it occupies, while outlining strategies for improvement and future profitability [1] Group 1: Company Response - The company acknowledges the investor's question about the low net profit in the automotive sales segment and the capital it consumes [1] - The company is implementing measures such as shutting down and transferring inefficient specialty stores, optimizing brand structure, and focusing on new energy brands to enhance operational management and cost control [1] - The automotive sales and service segment is projected to achieve a net profit of 1.6429 million yuan in the first half of 2025, marking a turnaround from previous losses [1]