证券代码：000887 证券简称：中鼎股份 公告编号：2025-056 安徽中鼎密封件股份有限公司 第九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。 安徽中鼎密封件股份有限公司（以下简称"公司"）第九届董事会第十二次 会议于 2025 年 10 月 29 日以通讯方式召开。会议通知于 2025 年 10 月 20 日以电 子通信、电子邮件等方式发出。本次会议应出席董事 8 人，实际出席董事 8 人， 符合《公司法》和《公司章程》的有关规定，会议合法有效。会议由董事长夏迎 松召集，经与会董事认真审议，通过以下议案： 一、审议通过《公司 2025 年第三季度报告》 该议案已经公司审计委员会审议通过。 | 序号 | 制度名称 | | --- | --- | | 1 | 《独立董事工作细则》 | | 2 | 《董事会薪酬与考核委员会工作细则》 | | 3 | 《董事会审计委员会工作细则》 | | 4 | 《董事会提名委员会工作细则》 | | 5 | 《董事会战略委员会工作细则》 | | 6 | 《董事、高级管理人员所持本公司股份及其变动 ...

Core Insights - The company reported a third-quarter revenue of 4.708 billion yuan, representing a year-on-year decline of 2.44% [1] - The net profit for the third quarter was 490 million yuan, showing a significant year-on-year increase of 45.93% [1] - For the first three quarters, the total revenue reached 14.555 billion yuan, reflecting a slight year-on-year growth of 0.41% [1] - The net profit for the first three quarters amounted to 1.307 billion yuan, which is a year-on-year increase of 24.26% [1]

Financial Performance - The company's revenue for Q3 2025 was CNY 4,708,463,243.95, a decrease of 2.44% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 reached CNY 489,872,739.57, an increase of 45.93% year-on-year[5] - The basic earnings per share for Q3 2025 was CNY 0.37, reflecting a growth of 42.31% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 359,015,157.67, up 17.22% year-on-year[5] - The weighted average return on equity for Q3 2025 was 3.44%, an increase of 0.84% compared to the previous year[5] - The total comprehensive income for the period was CNY 1,399,668,558.82, compared to CNY 1,025,209,715.69 in the previous period, representing an increase of approximately 36.5%[20] - Basic and diluted earnings per share increased to CNY 0.99 from CNY 0.80, reflecting a growth of 23.75%[20] - Net profit for the current period was ¥1,305,079,203.81, compared to ¥1,058,267,303.22 in the previous period, indicating an increase of around 23.3%[19] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to CNY 26,335,063,498.83, representing a 9.16% increase from the end of the previous year[5] - The company's total assets amounted to ¥26,335,063,498.83, up from ¥24,124,759,391.49, reflecting a growth of approximately 9.1%[16] - Current liabilities rose to ¥10,711,500,172.32 from ¥9,656,960,817.55, an increase of about 10.9%[16] - Non-current liabilities totaled ¥1,493,022,321.76, slightly up from ¥1,435,801,987.50, indicating an increase of approximately 4%[16] - The company's total equity increased to ¥14,130,541,004.75 from ¥13,031,996,586.44, representing a growth of about 8.5%[16] Cash Flow - The company recorded a net cash flow from operating activities of CNY 1,246,851,918.76 for the year-to-date, reflecting a 0.32% increase[5] - Cash inflow from operating activities totaled CNY 13,130,215,175.28, down from CNY 13,672,769,136.56, indicating a decrease of about 4%[21] - Cash outflow from operating activities was CNY 11,883,363,256.52, compared to CNY 12,429,925,133.76, a decrease of approximately 4.4%[22] - Net cash flow from investing activities was negative at CNY -1,465,082,939.27, worsening from CNY -850,155,175.02 in the previous period[22] - Cash flow from financing activities showed a net outflow of CNY -10,129,950.69, compared to a net inflow of CNY 45,585,052.34 in the previous period[22] - The ending balance of cash and cash equivalents was CNY 2,528,698,793.94, up from CNY 2,202,815,408.16 in the previous period[22] Investments and Expenses - Research and development expenses rose to ¥747,901,322.79, compared to ¥671,486,023.22 in the previous period, reflecting an increase of approximately 11.4%[18] - The company reported a significant increase in investment income to ¥82,633,109.37 from ¥99,811,712.36, indicating a decrease of about 17.2%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,649[11] - The company has a major shareholder, Anhui Zhongding Holding (Group) Co., Ltd., holding 532,701,321 shares, which accounts for 40.46% of total shares[12] - The top ten shareholders include significant institutional investors, with China Agricultural Bank holding 11,478,229 shares, representing 0.87% of total shares[12] - The company has not disclosed any known relationships or agreements among shareholders, indicating a lack of coordinated action among them[13] - The company has not engaged in any share lending or borrowing activities among its top shareholders, maintaining stability in shareholding structure[13] Other Financial Metrics - Non-operating income from government subsidies for the year-to-date was CNY 45,480,497.12[7] - The total non-recurring gains and losses for Q3 2025 amounted to CNY 130,857,581.90[8] - Trading financial assets increased by 103.06% to ¥1,068,552,499.51, primarily due to an increase in bank wealth management products[9] - Accounts receivable decreased by 36.85% to ¥413,274,230.60, mainly due to a reduction in commercial acceptance bills and financial company acceptance bills[9] - Long-term equity investments rose by 92.38% to ¥164,195,771.80, attributed to an increase in long-term equity investment projects[9] - Short-term borrowings increased by 38.97% to ¥3,188,178,373.85, driven by a rise in short-term funding needs[9] - Financial expenses decreased by 53.51% to ¥84,483,076.56, due to reduced interest expenses and increased exchange gains[9] - The fair value change income surged by 19,267.00% to ¥143,841,862.76, resulting from the fair value of trading financial assets and other non-current financial assets[9] - Expected liabilities increased by 194.90% to ¥168,788,592.72, mainly due to an increase in expected liability projects from certain subsidiaries[9] - Other comprehensive income improved by 37.84%, with a reduction in foreign currency translation differences[9] - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets increased by 5,449.43% to ¥38,480,674.95, due to higher proceeds from asset disposals[9] Audit Information - The company did not undergo an audit for the third quarter financial report[23]

Core Insights - The upcoming quarterly earnings reports will be crucial for determining the performance of heavily weighted stocks and their potential for valuation restructuring, especially as the market stands at 3900 points [2] - A conference will be held on November 4-5 in Shanghai to discuss the earnings of key stocks and analyze sector performance and growth potential in light of the "14th Five-Year Plan" [2] Company Highlights - A list of companies expected to be discussed includes major players in various sectors such as lithium battery manufacturing, renewable energy, and healthcare, indicating a focus on industries with growth potential [3][5] - Companies mentioned include EVE Energy, LONGi Green Energy, and BYD, showcasing a diverse range of sectors from technology to healthcare [3][5] Industry Focus - The conference aims to provide insights into the economic landscape and investment opportunities across different sectors, particularly in light of the recent policy expectations [2] - The emphasis on sectors like renewable energy and healthcare suggests a strategic focus on industries that align with current market trends and government policies [3][5]

Core Viewpoint - Zhongding Company has shown a significant stock price increase of 70.51% year-to-date, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Zhongding Company achieved a revenue of 9.846 billion yuan, representing a year-on-year growth of 1.83%, and a net profit attributable to shareholders of 817 million yuan, up 14.11% year-on-year [2]. - The company has distributed a total of 2.738 billion yuan in dividends since its A-share listing, with 790 million yuan distributed in the last three years [3]. Stock Market Activity - As of October 21, Zhongding Company's stock price was 22.03 yuan per share, with a market capitalization of 29.002 billion yuan [1]. - The stock has seen a trading volume of 4.92 billion yuan on the same day, with a turnover rate of 1.72% [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on April 8, where it recorded a net buy of -20.4528 million yuan [1]. Shareholder Structure - As of June 30, 2025, Zhongding Company had 101,400 shareholders, a slight decrease of 0.18% from the previous period [2]. - The average number of circulating shares per shareholder increased by 0.18% to 12,966 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 24.7886 million shares, a decrease of 28.0887 million shares from the previous period [3].

Group 1 - The core viewpoint of the article is that Zhongding Co., Ltd. primarily focuses on the automotive industry for its sealing products [2] Group 2 - Zhongding Co., Ltd. responded to investor inquiries on October 20 regarding its product applications [2]

证券日报网讯中鼎股份（000887）10月20日在互动平台回答投资者提问时表示，公司已与深圳逐际动力 科技有限公司共同签署《项目合作意向协议》，目前公司正积极推进合资公司成立。 ...

Core Viewpoint - The company is actively developing thermal management systems and expanding into energy storage and supercomputing center thermal management based on its automotive thermal management business [1] Group 1: Business Development - The company's subsidiary, Zhongding Fluid and Zhongding Intelligent Thermal Systems, leads the development of thermal management system assembly [1] - The company has launched a series of liquid cooling units and immersion liquid cooling units in the energy storage sector [1] Group 2: Product Offerings - In the supercomputing center thermal management field, the main product is the CDU (Cold Liquid Distribution Unit) [1] - The company plans to gradually apply immersion technology to supercomputing center thermal management based on actual needs [1] Group 3: Technology and Innovation - The company utilizes self-developed thermal management controllers and control algorithms, along with core technologies such as piping systems and seals [1] - The company is accelerating customer engagement to enhance its market presence [1]

Core Viewpoint - The company is actively developing its thermal management system business, focusing on liquid cooling products for energy storage and supercomputing centers, leveraging its proprietary technologies [2]. Group 1: Product Development - The company has launched a series of liquid cooling units and immersion cooling units in the energy storage sector [2]. - In the supercomputing center thermal management field, the main product is the CDU (Cold Liquid Distribution Unit) [2]. - The company plans to gradually apply immersion technology to supercomputing center thermal management based on actual needs [2]. Group 2: Market Engagement - The company is accelerating customer engagement to enhance its market presence in thermal management solutions [2].

Group 1 - The company has signed a "Project Cooperation Intention Agreement" with Shenzhen Zhujidi Power Technology Co., Ltd. [2] - The company is actively promoting the establishment of a joint venture with Zhujidi Power [2]