Core Viewpoint - In the third quarter of 2025, Yingluohua (000795.SZ) reported a decline in both revenue and net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 2.727 billion yuan, representing a year-on-year decrease of 9.87% [1] - The net profit attributable to shareholders of the listed company was 201 million yuan, down 3.16% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 159 million yuan, reflecting a year-on-year decrease of 17.40% [1] - Basic earnings per share stood at 0.183 yuan [1]

Group 1 - The core viewpoint of the article highlights that Yingluohua reported a decline in its third-quarter performance for 2025, with revenue approximately 2.727 billion yuan, a year-on-year decrease of 9.87% [1] - The net profit attributable to shareholders of the listed company was about 201 million yuan, reflecting a year-on-year decrease of 3.16% [1] - Basic earnings per share were reported at 0.183 yuan, which is a year-on-year decrease of 2.14% [1]

一、董事会会议召开情况 英洛华科技股份有限公司（以下简称"公司"）第十届董事会第十二次会议 于 2025 年 10 月 17 日以书面或电子邮件等方式通知全体董事，于 2025 年 10 月 21 日以通讯方式召开。本次会议由董事长魏中华先生主持，应出席董事 9 人， 实际出席董事 9 人，公司高级管理人员列席了会议。本次会议的召开符合《公司 法》和《公司章程》等的有关规定。 证券代码：000795 证券简称：英洛华 公告编号：2025-058 英洛华科技股份有限公司 第十届董事会第十二次会议决议公告 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。 三、备查文件 1、公司第十届董事会第十二次会议决议； 2、公司第十届董事会审计委员会第六次会议决议。 特此公告。 英洛华科技股份有限公司董事会 二○二五年十月二十二日 1 二、董事会会议审议情况 经与会董事充分讨论，会议以 9 票同意、0 票反对、0 票弃权的表决结果审 议通过了《公司 2025 年第三季度报告》。 公司董事及高级管理人员签署了书面确认意见，保证公司 2025 年第三季度 报告内容真实、准确、完整， ...

Group 1 - The company's Q3 revenue was 993 million, representing a year-on-year increase of 0.07% [1] - The net profit for Q3 was 56.82 million, showing a year-on-year decline of 11.39% [1] - For the first three quarters, the total revenue was 2.727 billion, reflecting a year-on-year decrease of 9.87% [1] Group 2 - The net profit for the first three quarters was 201 million, which is a year-on-year decline of 3.16% [1]

英洛华科技股份有限公司 2025 年第三季度报告 英洛华科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 证券代码：000795 证券简称：英洛华 公告编号：2025-059 1 英洛华科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 同一控制下企业合并 | | 本报告期 | 上年同期 | | 本报告期 | | | | 年初至报告 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 比上年同 年初至报告 | | 上年 ...

Core Viewpoint - The stock of Yingluohua has experienced fluctuations, with a recent decline of 2.04% and a year-to-date increase of 16.29%, indicating mixed market sentiment and performance [1]. Company Overview - Yingluohua Technology Co., Ltd. is located in Dongyang, Jinhua, Zhejiang Province, and was established on August 4, 1997. It was listed on August 8, 1997. The company specializes in rare earth permanent magnet materials and products, as well as motor series products [1]. - The main revenue composition of Yingluohua includes: NdFeB (50.86%), motor series (25.10%), electric wheelchairs and mobility scooters (12.88%), audio speakers (7.69%), and others (3.47%) [1]. Financial Performance - For the first half of 2025, Yingluohua reported operating revenue of 1.734 billion yuan, a year-on-year decrease of 10.55%. The net profit attributable to shareholders was 144 million yuan, down 1.16% year-on-year [2]. - Since its A-share listing, Yingluohua has distributed a total of 422 million yuan in dividends, with 407 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Yingluohua increased to 137,800, up 5.81% from the previous period. The average circulating shares per person decreased by 5.49% to 8,225 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 6.4318 million shares, an increase of 2.4928 million shares from the previous period [3].

Core Viewpoint - The reducer concept sector experienced a decline of 2.01%, ranking among the top losers in the market, with notable declines in stocks such as Siling Co., Zhejiang Rongtai, and Mingzhi Electric [1][2]. Market Performance - The top-performing concept sectors today included Rare Earth Permanent Magnets with a rise of 6.92%, and Military Equipment Restructuring Concept with an increase of 3.51%, while the reducer sector fell by 2.01% [2]. - The reducer concept sector saw a net outflow of 3.36 billion yuan, with 87 stocks experiencing net outflows, and 8 stocks seeing outflows exceeding 100 million yuan [2]. Notable Stocks - The stocks with the largest net outflows in the reducer sector included: - Shanzi Gaoke with a net outflow of 793.49 million yuan and a decline of 4.86% - Lingyi Zhi Zao with a net outflow of 454.56 million yuan and a decline of 4.61% - Changying Precision with a net outflow of 420.80 million yuan and a decline of 2.86% [2][3]. - Conversely, the stocks with the largest net inflows included: - Inner Mongolia Yijian with a net inflow of 121 million yuan and an increase of 7.85% - Meilixin with a net inflow of 88.12 million yuan and an increase of 7.30% - Yingluohua with a net inflow of 78.45 million yuan and an increase of 6.82% [5].

Investment Rating - Industry rating: Recommended [3] Core Insights - The recent announcements from the Ministry of Commerce and the General Administration of Customs have implemented stricter export controls on rare earth elements, particularly affecting the semiconductor industry and potentially impacting overseas chip manufacturing processes [1][10][16] - China dominates global rare earth supply, holding approximately 48.41% of the world's rare earth reserves and producing 68.54% of the total output [12][14] - The new export controls cover all 12 types of medium and heavy rare earth elements, marking a significant expansion in the scope of regulation [2][4] Summary by Sections Export Control Measures - The recent announcements (2025 No. 56 and 57) include export controls on rare earth equipment and raw materials, specifically targeting key technologies in rare earth mining, refining, and manufacturing [1][2] - The controls also extend to any downstream products that utilize Chinese rare earth technologies, requiring export licenses for a wide range of applications [5][10] Strategic Importance of Rare Earths - Rare earth elements are critical in various industries, including defense and semiconductor manufacturing, where they enhance material properties and performance [6][7] - The military applications of rare earths are significant, with advanced weapon systems heavily reliant on these materials [6] Semiconductor Industry Impact - The new regulations are the first to explicitly cover the semiconductor sector, which may lead to increased scrutiny and delays in overseas chip production [10][11] - Rare earths are essential for high-performance materials in semiconductor manufacturing, particularly as technology advances towards smaller transistor sizes [7][10] Renewable Energy Sector - Rare earths play a crucial role in the renewable energy sector, particularly in electric vehicle motors and wind turbine generators, with rare earth permanent magnets accounting for over 80% of the electric motor market share [11][12] Global Supply Chain Dynamics - The report highlights that while the U.S. is attempting to rebuild its rare earth supply chain, China's control over the entire rare earth industry chain remains unchallenged in the short term [15][16] - The overall completeness of the rare earth supply chain in the West is still lacking, with many projects facing delays and challenges [14][15]

Core Viewpoint - The stock of Yingluohua has shown a mixed performance in recent trading sessions, with a year-to-date increase of 15.56% but a recent decline over the past 20 days, indicating potential volatility in investor sentiment [1][2]. Company Overview - Yingluohua Technology Co., Ltd. is located in Dongyang, Zhejiang Province, and was established on August 4, 1997. It was listed on August 8, 1997. The company specializes in rare earth permanent magnet materials and motor series products [1]. - The main revenue composition of Yingluohua includes: NdFeB (50.86%), motor series (25.10%), electric wheelchairs and mobility scooters (12.88%), audio speakers (7.69%), and others (3.47%) [1]. Financial Performance - For the first half of 2025, Yingluohua reported operating revenue of 1.734 billion yuan, a year-on-year decrease of 10.55%. The net profit attributable to the parent company was 144 million yuan, down 1.16% year-on-year [2]. - Since its A-share listing, Yingluohua has distributed a total of 422 million yuan in dividends, with 407 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders of Yingluohua increased to 137,800, up 5.81% from the previous period. The average circulating shares per person decreased by 5.49% to 8,225 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 6.4318 million shares, an increase of 2.4928 million shares from the previous period [3].

（编辑 任世碧） 证券日报网讯 9月29日晚间，英洛华发布公告称，公司分别于2025年8月18日、9月5日召开第十届董事 会第十次会议、2025年第一次临时股东大会，审议通过了《公司关于变更注册地址并修订的议案》。近 日，公司已完成工商变更登记、章程备案等手续，并取得了浙江省市场监督管理局换发的新《营业执 照》。 ...