Market Overview - The automotive service sector increased by 1.04% on October 31, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Haowu Co., Ltd. (code: 000757) closed at 5.96, up 4.93% with a trading volume of 320,600 shares and a transaction value of 188 million [1] - Other notable performers included: - Alter (code: 300825) closed at 11.44, up 3.62% with a transaction value of 164 million [1] - Jiaoyun Co., Ltd. (code: 600676) closed at 6.38, up 1.27% with a transaction value of approximately 79.2 million [1] - Dezhong Automobile (code: 920030) closed at 7.46, up 1.22% with a transaction value of approximately 34.9 million [1] Capital Flow - The automotive service sector experienced a net outflow of 15.16 million from institutional investors and 18.44 million from speculative investors, while retail investors saw a net inflow of 33.60 million [1] - Detailed capital flow for key stocks included: - Haowu Co., Ltd. had a net inflow of 28.09 million from institutional investors but a net outflow of 9.73 million from speculative investors [2] - Alter experienced a net inflow of 9.34 million from institutional investors but a net outflow of 0.45 million from speculative investors [2] - Jiaoyun Co., Ltd. had a net outflow of 7.24 million from institutional investors but a net inflow of 5.24 million from retail investors [2]

Core Insights - The automotive service sector experienced a decline of 0.63% on October 30, with Altec leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Automotive Service Sector Performance - Notable stock performances included: - Zhongqi Co., Ltd. (301215) closed at 6.69, up 2.45% with a trading volume of 366,600 shares and a turnover of 244 million yuan - Guoji Automobile (600335) closed at 6.16, up 1.32% with a trading volume of 282,800 shares and a turnover of 175 million yuan - Altec (300825) closed at 11.04, down 4.08% with a trading volume of 148,500 shares and a turnover of 167 million yuan [1][2] Capital Flow Analysis - The automotive service sector saw a net outflow of 86.0016 million yuan from institutional investors, while retail investors contributed a net inflow of 113 million yuan [2] - Individual stock capital flows indicated: - Zhongqi Co., Ltd. had a net inflow of 23.6957 million yuan from institutional investors, while retail investors contributed 0.9225 million yuan - Altec experienced a significant net outflow of 39.6543 million yuan from institutional investors, with a retail net inflow of 18.7056 million yuan [3]

Core Insights - The automotive service sector experienced a rise of 1.99% on October 28, with Xiamen Xinda leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Automotive Service Sector Performance - Xiamen Xinda (000701) closed at 6.69, up 7.73% with a trading volume of 1.2489 million shares [1] - Alter (300825) closed at 11.59, up 6.33% with a trading volume of 352,300 shares [1] - China Automotive Research (601965) closed at 17.42, up 3.81% with a trading volume of 133,900 shares [1] - Other notable performances include Beiba Media (600386) up 0.83%, and Zhongqi Co. (301215) up 0.61% [1] Capital Flow Analysis - The automotive service sector saw a net inflow of 58.608 million yuan from institutional investors, while retail investors experienced a net inflow of 2.4411 million yuan [2] - Speculative funds had a net outflow of 61.049 million yuan [2] Individual Stock Capital Flow - Alter (300825) had a net inflow of 63.7984 million yuan from institutional investors, but a net outflow of 35.6794 million yuan from speculative funds [3] - Xiamen Xinda (000701) saw a net inflow of 13.2814 million yuan from institutional investors, with a small net inflow from retail investors [3] - China Automotive Research (601965) had a net inflow of 3.9191 million yuan from institutional investors, but a significant outflow from speculative funds [3]

Core Viewpoint - The company has shown a significant improvement in net profit despite a decline in revenue, indicating a positive trend in profitability and operational efficiency [1][2]. Financial Performance - For the first three quarters of 2025, the company reported revenue of 2.183 billion, a year-on-year decrease of 16.98%, while net profit reached 42.7752 million, a year-on-year increase of 279.04% [1]. - In the third quarter alone, the company achieved revenue of 726 million, down 18.69% year-on-year, with net profit of 12.3436 million, up 324.27% year-on-year [1]. - The company has maintained positive net profit for four consecutive quarters since Q4 2024, indicating a continuous improvement in profitability [1]. Business Segments - The company operates primarily in two segments: automotive sales and services, and internal combustion engine crankshaft manufacturing [1]. - The automotive sales and services segment includes vehicle sales, maintenance services, and comprehensive services, with key brands including SAIC Volkswagen, FAW Volkswagen, FAW Toyota, Dongfeng Nissan, and various new energy vehicle brands [1]. Strategic Initiatives - The company is optimizing its revenue structure and cost management, which has led to a sustained increase in profitability [2]. - The focus on new energy vehicles and enhanced after-sales service is expected to drive further growth in revenue and market share [2][3]. - The company plans to use 679.482 million from surplus reserves and 876 million from capital reserves to offset cumulative losses, which will improve its financial stability and net asset quality [2][3]. Market Outlook - The demand for new energy and smart vehicles is expected to grow, providing opportunities for the company to expand its market presence and enhance brand partnerships [2]. - Improving financial conditions may attract more investors and support future growth initiatives, including potential green bond issuance [3].

Core Viewpoint - Haowu Co., Ltd. reported a net profit of 42.78 million yuan for the first three quarters of 2025, marking a turnaround from losses, with a third-quarter net profit of 12.34 million yuan [1] Financial Performance - The company achieved a net profit attributable to shareholders of 42.78 million yuan in the first three quarters of 2025, compared to previous losses [1] - In the third quarter alone, the net profit attributable to shareholders was 12.34 million yuan, indicating a significant recovery [1] Loss Compensation Announcement - Haowu Co., Ltd. announced plans to use its capital reserves to cover previous losses, specifically utilizing 67.95 million yuan from surplus reserves and 876.01 million yuan from capital reserves, totaling approximately 943.96 million yuan [1] - Following the implementation of this plan, the company's surplus reserves will be reduced to 0 yuan, and capital reserves will decrease to approximately 747.18 million yuan, resulting in a cumulative undistributed profit of 0 yuan on the parent company’s financial statements [1] - The company stated that this plan complies with relevant laws and regulations, aiming to enhance investor returns and promote high-quality development [1]

Core Viewpoint - Haowu Co., Ltd. (000757.SZ) reported its Q3 2025 results, highlighting a total institutional shareholding of 193 million shares, representing 36.15% of the company's total equity, with a slight decline in institutional ownership compared to the previous quarter [1] Institutional Shareholding - As of October 27, 2025, seven institutional investors disclosed their holdings in Haowu Co., Ltd., with a combined shareholding of 193 million shares, accounting for 36.15% of the total equity [1] - The institutional ownership decreased by 1.64 percentage points compared to the previous quarter [1] Public Fund Disclosure - In this reporting period, 75 public funds were not disclosed compared to the previous quarter, including notable funds such as NuAn Multi-Strategy Mixed A, Guojin Quantitative Multi-Factor A, and others [1] Foreign Investment Attitude - The report noted that J.P. Morgan Securities PLC, which was previously disclosed, is no longer listed as a foreign institutional investor in this quarter [1]

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 ...