Core Viewpoint - The company reported significant improvement in economic performance and operational quality in Q3, with notable increases in revenue and net profit compared to the previous year [1] Financial Performance - The company achieved a revenue growth of 2.01% year-on-year in Q3 [1] - The equity attributable to shareholders of the parent company increased by 36% [1] - The net profit attributable to shareholders of the parent company surged by 102% [1] Business Segments - The improvement in performance was driven by a slight recovery in the traditional business of the electric motor segment [1] - The nuclear power segment, including products such as nuclear motors, main pumps, high-end shielded pumps, and various reactor designs, showed sustained and stable growth [1]

Group 1 - The core viewpoint of the news is that Jiadian Co., Ltd. has experienced a decline in stock price and a mixed performance in financial metrics, indicating potential investment considerations [1][2]. Group 2 - As of October 30, Jiadian's stock price decreased by 2.07% to 13.23 CNY per share, with a total market capitalization of 9.195 billion CNY [1]. - The company has seen a year-to-date stock price increase of 18.35%, with a 1.85% rise over the last five trading days and an 11.93% increase over the last 20 days [1]. - The main business of Jiadian Co., Ltd. includes the manufacturing and maintenance of electric motors and pumps, with electric motors accounting for 100% of its revenue [1]. - The company is categorized under the power equipment industry, specifically in electric motors, and is involved in various concept sectors such as magnetic levitation and offshore wind power [1]. Group 3 - For the period from January to September 2025, Jiadian reported a revenue of 3.64 billion CNY, reflecting a year-on-year growth of 2.01%, while the net profit attributable to shareholders decreased by 5.09% to 196 million CNY [2]. - The number of shareholders as of October 20 is 36,500, a decrease of 2.90% from the previous period, with an average of 16,080 circulating shares per shareholder, which is an increase of 2.99% [2]. - Since its A-share listing, Jiadian has distributed a total of 536 million CNY in dividends, with 269 million CNY distributed over the past three years [2].

证券代码：000922 证券简称：佳电股份 公告编号：2025-076 哈尔滨电气集团佳木斯电机股份有限公司 关于完成全资子公司吸收合并三级子公司的公告 近日，公司收到白城市市场监督管理局下发的关于吉林佳电准予注销《登记 通知书》，吉林佳电工商注销登记手续已办理完毕。至此吉林佳电依法注销，本 次吸收合并事项已完成，吉林佳电全部资产、债权债务、业务、人员和相关资质 等均已由佳电公司承继，公司合并报表范围将发生相应变化，但不会对公司合并 报表产生实质性影响，不会对公司的财务及经营情况产生重大影响。 三、备查文件 1、吉林佳电准予注销《登记通知书》 特此公告。 哈尔滨电气集团佳木斯电机股份有限公司 董 事 会 2025 年 10 月 28 日 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 一、吸收合并情况 哈尔滨电气集团佳木斯电机股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开第九届董事会第三十七次会议和第九届监事会第三十次会议，审 议通过了《关于全资子公司吸收合并三级子公司的议案》，同意由全资子公司佳 木斯电机股份有限公司（以下简称"佳电公司 ...

Core Points - The company and its board members guarantee the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][3]. Financial Data - The third-quarter financial report has not been audited [3][6]. - There are no adjustments or restatements of previous accounting data required [3]. - The company does not have any non-recurring profit and loss items applicable for this quarter [3][4]. Shareholder Information - The report includes details on the total number of common shareholders and the top ten shareholders' holdings [5]. - There are no changes in the top ten shareholders due to securities lending activities [5]. Other Important Matters - There are no other significant matters to report for this quarter [5].

Core Viewpoint - The company reported a slight increase in revenue but a decline in net profit for the first three quarters of the year [1] Financial Performance - The company's operating revenue for the first three quarters reached 3.64 billion yuan, representing a year-on-year growth of 2.01% [1] - The net profit attributable to shareholders of the listed company was 196 million yuan, showing a year-on-year decrease of 5.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 171 million yuan, reflecting a year-on-year decline of 9.74% [1]

Core Insights - The company reported a revenue of 3.64 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.01% [1] - The net profit attributable to shareholders was 196 million yuan, a decrease of 5.09% year-on-year, while the net profit excluding non-recurring items was 171 million yuan, down 9.74% year-on-year [1] - The basic earnings per share stood at 0.29 yuan, with a weighted average return on equity of 4.60% [1] Financial Performance - The gross profit margin for the first three quarters was 22.19%, an increase of 0.39 percentage points year-on-year, while the net profit margin was 6.79%, a decrease of 0.21 percentage points year-on-year [1] - In Q3 2025, the gross profit margin was 21.76%, up 4.16 percentage points year-on-year but down 3.17 percentage points quarter-on-quarter; the net profit margin was 6.41%, an increase of 2.64 percentage points year-on-year but a decrease of 0.42 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the period were 456 million yuan, an increase of 12.63 million yuan year-on-year, with an expense ratio of 12.54%, up 0.10 percentage points year-on-year [2] - Sales expenses increased by 4.24% year-on-year, management expenses rose by 14.60% year-on-year, while R&D expenses decreased by 2.55% and financial expenses dropped by 40.33% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 37,500, an increase of 10,600 or 39.22% from the end of the previous half [2] - The average market value per shareholder decreased from 293,900 yuan at the end of the previous half to 224,400 yuan, a decline of 23.65% [2] Company Overview - Harbin Electric Group Jiamusi Electric Motor Co., Ltd. is located in Jiamusi City, Heilongjiang Province, and was established on December 31, 1996, with its listing date on June 18, 1999 [2] - The company's main business involves the manufacturing and maintenance of motors and shielded electric pumps, with 100% of its revenue derived from electric motors [2] - The company belongs to the Shenwan industry classification of power equipment - motors II - motors III, and is associated with concepts such as magnetic levitation, central enterprise reform, Heilongjiang Free Trade Zone, offshore wind power, and nuclear power [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,143,445,568.45, representing a 5.15% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2025 was ¥63,937,199.75, a significant increase of 102.23% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥58,020,461.97, up 118.82% year-over-year[5] - The basic earnings per share for Q3 2025 were ¥0.0917, reflecting a 71.35% increase year-over-year[5] - Net profit for the current period was ¥247,184,696.26, slightly down from ¥249,718,910.00, indicating a decrease of 1.0%[16] - The net profit attributable to the parent company's shareholders was ¥195,919,184.26, compared to ¥206,418,912.18 in the previous period, a decline of 5.1%[16] - The company’s basic and diluted earnings per share were both ¥0.29, down from ¥0.35 in the previous period, reflecting a decrease of 17.1%[16] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥9,674,861,742.22, a decrease of 3.67% from the end of the previous year[5] - Current assets total ¥7,372,367,386.32, down from ¥7,813,508,104.71 at the beginning of the period[12] - The company's total assets as of September 30, 2025, amount to ¥9,674,861,742.22, a decrease from ¥10,043,362,713.92 at the beginning of the period[13] - Total liabilities decreased to ¥4,540,132,090.01 from ¥6,340,888,319.53[13] - The equity attributable to owners of the company increased to ¥5,134,729,652.21 from ¥3,702,474,394.39[13] - Total equity attributable to the parent company increased to ¥4,550,714,544.24 from ¥3,336,198,312.09, marking a growth of 36.5%[14] - The total assets and liabilities amounted to ¥9,674,861,742.22, down from ¥10,043,362,713.92, indicating a decrease of 3.7%[14] Cash Flow - The cash flow from operating activities showed a net outflow of ¥804,976,243.40, which is an 80.70% decrease compared to the same period last year[5] - The company reported a net cash outflow from operating activities of ¥804,976,243.40, worsening from a net outflow of ¥445,480,871.40 in the previous period[18] - Cash inflow from investment activities was ¥355,345,688.76, slightly down from ¥356,717,150.00 in the previous period[18] - The company raised ¥1,251,526,062.92 from financing activities, with ¥140,000,000.00 coming from minority shareholders[18] - Cash inflow from financing activities totaled $1,565,807,732.92, compared to $238,062,500.00 in the previous period, indicating a significant increase[19] - Cash outflow from financing activities amounted to $1,689,619,622.00, up from $206,332,377.30, reflecting a substantial rise in financing costs[19] - The net cash flow from financing activities was negative at -$123,811,889.08, contrasting with a positive net cash flow of $31,730,122.70 previously[19] - The ending cash and cash equivalents balance was $1,556,615,157.06, down from $2,368,426,257.58 at the beginning of the period, showing a decrease of approximately 34.3%[19] - The net increase in cash and cash equivalents was -$811,811,100.52, compared to -$511,415,189.26 in the prior period, indicating worsening cash flow conditions[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,480[9] - The largest shareholder, Harbin Electric Group Co., Ltd., holds 36.94% of the shares, totaling 256,733,851 shares[9] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable financing by 69% to ¥380,938,205.70[8] - The company reported a significant increase in accounts receivable, which rose to ¥1,783,211,404.85 from ¥1,444,947,149.59[12] - The total inventory as of the end of the reporting period is ¥1,773,000,795.41, compared to ¥1,630,276,247.61 at the beginning[12] Financial Audit - The company has not audited its third-quarter financial report, which may affect investor confidence[20]

Core Points - As of October 20, 2025, the total number of shareholders for Jiadian Co., Ltd. is reported to be 36,521 [1] Company Information - Jiadian Co., Ltd. (stock code: 000922) provided this information in response to investor inquiries on an interactive platform [1]

Core Insights - The electric motor sector experienced a decline of 1.39% on the trading day, with Huari Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Electric Motor Sector Performance - Notable gainers in the electric motor sector included: - Xiangdian Co., Ltd. (Code: 600416) with a closing price of 14.53, up 3.64% and a trading volume of 337,900 shares, totaling 479 million yuan [1] - Huaxin Precision (Code: 603370) closed at 51.58, up 1.84% with a trading volume of 36,100 shares, totaling 184 million yuan [1] - Tongda Power (Code: 002576) closed at 18.34, up 1.27% with a trading volume of 57,500 shares, totaling 104 million yuan [1] - Major decliners included: - Huari Co., Ltd. (Code: 300626) closed at 12.35, down 5.36% with a trading volume of 266,900 shares, totaling 328 million yuan [2] - Wolong Electric Drive (Code: 600580) closed at 46.19, down 3.61% with a trading volume of 997,200 shares, totaling 4.605 billion yuan [2] - Jiangsu Fuli (Code: 300660) closed at 52.50, down 3.30% with a trading volume of 81,100 shares, totaling 424 million yuan [2] Capital Flow Analysis - The electric motor sector saw a net outflow of 875 million yuan from institutional investors, while retail investors contributed a net inflow of 878 million yuan [2] - Specific stock capital flows included: - Xiangdian Co., Ltd. had a net outflow of 36.36 million yuan from institutional investors [3] - Huaxin Precision experienced a net inflow of 9.49 million yuan from institutional investors [3] - Jiangsu Fuli saw a net outflow of 3.30 million yuan from institutional investors [3]

Core Viewpoint - The company has made significant progress in the industrialization and market penetration of its electric motors for heavy trucks and other applications [1] Group 1: Electric Motor Development - The heavy truck electric motor has transitioned from engineering application demonstration to small batch ordering stage [1] - The LNG cryogenic electric motor has achieved industrialized operation [1] - The fracturing truck electric motor has fully realized industrialization and is entering the oil extraction industry in large quantities [1] Group 2: Market Expansion - The intelligent electric motor has completed preliminary industrial application [1] - The company has participated in over 10 industry conferences and exhibitions this year, effectively expanding its market influence [1]