证券代码：000948 证券简称：南天信息 公告编号：2025-049 云南南天电子信息产业股份有限公司 关于召开 2025 年第四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：2025 年第四次临时股东会 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。 于股权登记日 2025 年 10 月 30 日（星期四）下午收市时在中 国证券登记结算有限责任公司深圳分公司登记在册的公司全体股东 均有权出席股东会，并可以以书面形式委托代理人出席会议和参加 表决，该股东代理人不必是本公司股东（授权委托书详见附件二）。 （2）本公司董事和高级管理人员； （3）公司聘请的律师； （4）根据相关法规应当出席股东会的其他人员。 （1）现场会议时间：2025 年 11 月 05 日 15:00:00 （2）网络投票时间：通 ...

证券代码：000948 证券简称：南天信息 公告编号：2025-046 云南南天电子信息产业股份有限公司 第九届董事会第二十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 （一）会议通知时间及方式：会议通知已于 2025 年 10 月 16 日 以邮件方式送达。 （二）会议时间、地点和方式：本次会议于 2025 年 10 月 20 日 以通讯方式召开。 （三）会议应到董事九名，实到董事九名。 （四）会议由公司董事长徐宏灿先生主持，公司高级管理人员列 席会议。 表决情况：九票同意、零票反对、零票弃权。 表决结果：审议通过。 本议案已经公司董事会审计委员会审议通过。 具体内容详见公司同日披露的《2025 年第三季度报告》。 （二）审议《关于设立分公司的议案》； （五）会议的召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 二、 董事会会议审议情况 （一）审议《南天信息 2025 年第三季度报告》； 表决情况：九票同意、零票反对、零票弃权。 表决结果：审议通过。 根据公司经营发展需要，进一步优化公司战 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥2,510,872,265.01, representing a year-on-year increase of 32.56%[3] - The net profit attributable to shareholders was a loss of ¥5,896,931.09, a decline of 119.29% compared to the same period last year[3] - The net cash flow from operating activities decreased by 30.57% to -¥2,058,024,030.52 year-to-date[3] - The company experienced a 124.98% decline in net profit year-on-year, with a decrease of ¥5,662.34 million attributed to intensified market competition[9] - The net profit for the current period was a loss of ¥11,317,322.28, compared to a profit of ¥45,306,065.09 in the previous period, reflecting a significant decline[24] - The company reported a net loss attributable to shareholders of -10,899,771.36, compared to a profit of 55,927,418.62 in the previous period[25] - The company’s total comprehensive income was -11,317,322.28, compared to 45,306,065.09 in the previous period, reflecting a significant decline[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,209,992,623.78, down 19.19% from the end of the previous year[3] - The company's total assets decreased to ¥8,209,992,623.78 from ¥10,159,851,622.69, a reduction of approximately 19.2%[22] - Current liabilities totaled ¥5,361,324,850.06, down from ¥7,111,079,094.87, showing a decrease of about 24.6%[22] - The company's cash and cash equivalents decreased to ¥1,204,801,826.47 from ¥2,914,290,109.65, a decline of approximately 58.7%[20] - Accounts receivable decreased to ¥1,787,930,839.52 from ¥1,899,644,534.52, a reduction of about 5.9%[20] - Inventory decreased to ¥3,331,379,642.68 from ¥3,533,651,705.05, indicating a decline of approximately 5.7%[21] Investment and Financing - The company's investment income decreased by 163.65% year-on-year, amounting to a reduction of ¥899.60 million[9] - The net cash flow from financing activities increased by 33.19% to ¥1.25 billion, reflecting increased borrowing due to higher funding needs[10] - Cash inflows from financing activities amounted to 2,126,017,640.84, significantly higher than 821,349,251.12 in the prior period[29] - The net cash flow from financing activities was 502,531,015.90, an increase from 377,310,806.53 in the previous period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,916[12] - Yunnan Provincial Industrial Investment Holding Group holds 34.92% of shares, totaling 136,142,507 shares[12] - The largest shareholder, Yunnan Provincial Industrial Investment Holding Group, has no pledged shares[12] - The company has not disclosed any significant changes in the top 10 shareholders due to margin trading activities[13] Share Repurchase and Incentive Plans - The company has 285 individuals as incentive plan participants, with a total of 3,703,853 restricted shares released for trading on February 5, 2025[14] - The company completed the repurchase and cancellation of 127,162 restricted shares, accounting for 0.0323% of the total share capital, with a total expenditure of 969,708.34 yuan[15] - The total number of shares after the repurchase and cancellation is 393,617,825 shares[15] - The company has a total of 3,729,051 restricted shares canceled, which is 0.9474% of the total share capital, with a total expenditure of 30,176,324.67 yuan[17] Corporate Governance - The company decided to terminate the plan for issuing A-shares to specific targets due to current market conditions[18] - The company will no longer have a supervisory board, with its functions transferred to the audit committee of the board of directors[17] Operational Costs and Expenses - The operating costs increased by 26.14% year-on-year, totaling an increase of ¥132,613.98 million, driven by the expansion of financial technology and digital business[9] - Total operating costs amounted to ¥7,073,251,147.95, up from ¥5,769,005,020.28, indicating a rise of about 22.6%[23] - The company reported research and development expenses of ¥310,808,641.33, slightly down from ¥324,264,402.24, a decrease of about 4.1%[24]

Core Insights - The company reported a third-quarter revenue of 2.511 billion yuan, representing a year-on-year increase of 32.56% [1] - The net profit for the third quarter showed a loss of 5.8969 million yuan, a decline of 119.29% [1] - For the first three quarters, the company achieved a revenue of 7.091 billion yuan, reflecting a year-on-year growth of 21.90% [1] - The net profit for the first three quarters also indicated a loss of 10.8998 million yuan, down by 119.49% [1]

Core Viewpoint - Nantian Information's stock has shown fluctuations in price and trading volume, with a recent increase of 2.05% to 17.96 CNY per share, while the company faces challenges in profitability despite revenue growth [1][2]. Financial Performance - For the first half of 2025, Nantian Information reported a revenue of 4.58 billion CNY, representing a year-on-year growth of 16.75%. However, the net profit attributable to shareholders was a loss of 5.00 million CNY, a decrease of 119.72% compared to the previous period [2]. - The company has distributed a total of 469 million CNY in dividends since its A-share listing, with 102 million CNY distributed over the last three years [3]. Stock Market Activity - As of October 20, Nantian Information's market capitalization stood at 7.002 billion CNY, with a trading volume of 65.42 million CNY and a turnover rate of 0.94% [1]. - The stock price has increased by 7.93% year-to-date, but has seen declines of 1.10% over the last five trading days, 6.21% over the last twenty days, and 12.39% over the last sixty days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 75,500, while the average number of circulating shares per person decreased by 13.53% to 5,153 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 2.928 million shares, a decrease of 1.1619 million shares from the previous period [3].

Core Points - The fourth Global Digital Trade Expo was held in Hangzhou from September 25 to 29, showcasing innovations in digital trade [1] - Yunnan Nantian Electronic Information Industry Co., Ltd. presented multiple innovative products and solutions, focusing on fintech and the "Digital Yunnan" initiative [1] - The expo is the only national-level, international, and professional exhibition in China themed on digital trade, with the theme "Seeing Innovative Future at the Expo" [1] Company Highlights - Nantian Information showcased its presence at the "Silk Road E-commerce Pavilion-T049" with a vibrant atmosphere [1] - The audience showed significant interest in Nantian Information's innovations, including LLM multi-model collaboration, AI application development platform, trusted intelligent financial devices, smart agriculture digital solutions, and portable counter terminal devices [1] - The company emphasized its commitment to innovation-driven development, focusing on AI technology to provide high-quality, comprehensive, and efficient products and solutions for industry clients [1]

Core Viewpoint - Nantian Information has shown a mixed performance in stock price and financial results, with a notable increase in revenue but a significant decline in net profit [1][2]. Financial Performance - As of June 30, 2025, Nantian Information reported a revenue of 4.58 billion yuan, representing a year-on-year growth of 16.75% [2]. - The company experienced a net loss of 5.00 million yuan, a decrease of 119.72% compared to the previous period [2]. - The stock price increased by 10.34% year-to-date but has seen a decline of 2.65% over the last five trading days and 8.25% over the last 20 days [1]. Shareholder Information - The number of shareholders increased by 15.66% to 75,500 as of June 30, 2025, while the average number of circulating shares per person decreased by 13.53% to 5,153 shares [2]. - The company has distributed a total of 469 million yuan in dividends since its A-share listing, with 102 million yuan distributed in the last three years [3]. Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 2.93 million shares, a decrease of 1.16 million shares from the previous period [3]. - Huabao Zhongzheng Financial Technology Theme ETF is the fourth-largest circulating shareholder, holding 2.33 million shares, an increase of 62,100 shares from the previous period [3]. Business Overview - Nantian Information, established on December 21, 1998, and listed on October 14, 1999, is based in Kunming, Yunnan Province [1]. - The company's main business segments include IT product sales and industrial internet (47.59%), integrated solutions (31.41%), software development and services (19.63%), smart channel solutions (1.02%), and others (0.36%) [1].

Core Insights - Nantian Information is a leading provider of digital comprehensive solutions and services for the financial industry, with nearly 40 years of experience in the field of information technology and digitalization [2][3] Company Overview and Performance Review - In 2024, the company achieved a revenue of 9.451 billion yuan, representing a year-on-year growth of 3.43%, while the net profit attributable to shareholders after deducting non-recurring gains and losses was 101 million yuan, up 41.62% year-on-year [2] - For the first half of 2025, the company reported a revenue of 4.580 billion yuan, a year-on-year increase of 16.75%, but incurred a net loss attributable to shareholders of 5.0028 million yuan, primarily due to intensified market competition and a decline in business gross margins [2] Business Development and Profitability Strategy - The company plans to leverage its advantages in financial IT professional services and talent resources, integrating business scenarios with innovative technologies to enhance digital products and solutions for both financial and non-financial clients [3] - To improve profitability, the company will focus on four areas: enhancing R&D and new technology application capabilities, maintaining key clients in the financial sector while exploring new clients in government and power sectors, promoting a self-operated business model, and implementing refined management to boost execution capabilities [3] Core Competitiveness and Collaboration - Nantian Information's core competitiveness lies in its deep understanding of the financial industry's information technology, extensive engineering experience, a solid customer base covering numerous banks and insurance companies, and a commitment to R&D that enhances innovation capabilities across various segments [4] - The company has established partnerships with over 70 partners, including Huawei, completing more than 400 adaptation certifications, and actively participates in the Xinchuang Alliance [4] - In the field of artificial intelligence, the company has launched multiple products and solutions applied in key industries such as finance, energy, and government [4] - The company emphasizes market value management by maintaining smooth communication channels with investors and increasing capital market promotion to enhance company value [4]

Group 1: Company Overview - Nantian Information is a leading provider of digital solutions and services for the financial industry, with nearly 40 years of experience in industry information technology and digitalization [2][3] - The company focuses on "financial technology" and "digital services" as its main business lines, leveraging its technical expertise and project experience [2][3] Group 2: Financial Performance - In 2024, the company achieved a revenue of 94.51 million yuan, representing a year-on-year growth of 3.43% [2] - The net profit attributable to the parent company was 1.01 million yuan, up 41.62% year-on-year [2] - In the first half of 2025, the company reported a revenue of 16.75 million yuan, a year-on-year increase of 45.80% [2] - The net profit attributable to the parent company showed a loss of 500.28 thousand yuan, primarily due to intensified market competition and a decline in gross profit margin [2] Group 3: Future Development Plans - The company plans to enhance profitability by improving R&D capabilities and applying new technologies to existing products, while also developing new products [3] - It aims to maintain existing key clients in the financial sector while actively exploring clients in government, energy, transportation, and civil aviation sectors [3] - The company will promote a self-operated model internally to achieve rapid business replication and growth [3] Group 4: Core Competencies - Nantian Information has a deep understanding of the financial industry, with extensive experience in information technology projects and a strong talent pool [4] - The company has established a solid customer base, covering major policy banks and commercial banks, as well as numerous insurance companies [4] - It emphasizes R&D empowerment and has maintained a strong innovation capability, allowing it to adapt to market changes and customer needs [4] Group 5: Strategic Partnerships - The company collaborates with over 70 partners, including major tech firms like Huawei and Tencent, to enhance its product offerings and solutions [7] - Nantian Information is actively involved in national innovation strategies and has completed over 400 adaptation certifications for its products [7] Group 6: Non-Financial Business Expansion - The company leverages its strengths in financial technology to explore and provide solutions in digital government, smart education, and smart transportation [9] Group 7: Artificial Intelligence Initiatives - Nantian Information has launched several AI products and solutions, including a full-stack AI model solution and various intelligent assistant platforms [9]

Core Viewpoint - The financial IT sector is experiencing a rise in market capitalization driven by trends in cross-border payments, stablecoins, and artificial intelligence, despite the lack of significant performance improvements in earnings among major companies [1][5]. Market Capitalization and Performance - Ten representative companies in the financial IT sector have shown varying degrees of market capitalization growth, with Runhe Software at approximately 48 billion yuan, significantly higher than its peers [2]. - Among these companies, only five reported positive net profits, and only four achieved profit growth in the first half of 2025 [1][2]. Revenue and Growth Rates - Nantian Information and Shenzhou Information led in revenue, reaching approximately 4.566 billion yuan and 4.405 billion yuan, with year-on-year growth rates of 16.76% and 7.88% respectively [2]. - Other companies reported revenues ranging from 31.1 million yuan to 1.736 billion yuan, with three companies experiencing negative growth: Yuxin Technology (-4.89%), Changliang Technology (-5.75%), and Kelong Software (-38.05%) [2]. Profitability Metrics - Yuxin Technology reported a net profit of 220 million yuan, a year-on-year increase of 35.26%, while the remaining profitable companies had net profits below 100 million yuan [3]. - The highest gross margin was reported by Yuxin Technology at 34.53%, with other companies like Changliang Technology and Kelong Software also exceeding 30% [3]. Research and Development Investment - Anshuo Information had the highest R&D expense ratio at 14.14%, with several other companies exceeding 10% [3]. Return on Equity (ROE) - Among the ten companies, five had a positive ROE, with Yuxin Technology leading at 5.11% [4]. Industry Challenges - The financial IT market is characterized by limited capacity and intense competition, with large financial institutions having self-sufficiency, which reduces demand for products and services from smaller companies [5]. - Long payment cycles and project durations are common issues affecting profitability across the industry [6]. Losses and Financial Strain - Shenzhou Information reported the largest loss at 96 million yuan, attributed to increased overdue receivables and related impairment provisions [7]. - Nantian Information's loss was due to intensified market competition and declining gross margins [7]. AI and International Expansion - Companies are increasingly leveraging AI technology to enhance efficiency and reduce costs, with several firms reporting successful AI product implementations [8]. - International markets are being targeted for growth, with companies like Kelong Software and Changliang Technology expanding their presence in Southeast Asia [9][10].