北京德恒（昆明）律师事务所 法律意见 北京德恒（昆明）律师事务所 Beijing DeHeng Law Offices (KunMing) 云南省昆明市西山区西园路 126 号"融城优郡"B5 幢 3、4 层 电话（传真）：0871-63172192 邮编:650032 北京德恒（昆明）律师事务所 关于云南南天电子信息产业股份有限公司 关于云南南天电子信息产业股份有限公司 2025 年第四次临时股东会的 根据公司提供的有关资料及公开披露的信息，表明公司董事会已于 2025 年 10 月 20 日召开了会议，作出了关于召开本次股东会的决议，并于 2025 年 10 月 21 日在《中国证券报》《证券时报》《证券日报》《上海证券报》和巨潮资讯 网站等媒体刊登了召开本次股东会的通知。 本次股东会于 2025 年 11 月 5 日 15:00 在昆明市环城东路 455 号公司四楼会 议室召开，会议召开时间与通知公告时间间隔 15 天以上，会议召开的具体时间、 地点和审议事项也与公告内容一致。 本次股东会由公司董事长徐宏灿先生主持，符合法律、法规及《公司章程》 的规定。 二、关于出席本次股东会人员的资格 经本所律师审查 ...

Core Insights - Nantian Information's stock price increased by 2.20% to 18.55 CNY per share, with a market capitalization of 7.232 billion CNY as of October 28 [1] - The company reported a year-to-date stock price increase of 11.48%, with a recent five-day increase of 4.27% [1] - For the first nine months of 2025, Nantian Information achieved a revenue of 7.091 billion CNY, representing a year-on-year growth of 21.90% [2] Financial Performance - The company experienced a net profit loss of 10.8998 million CNY for the same period, a decrease of 119.49% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 469 million CNY, with 102 million CNY distributed in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 20.65% to 59,900, while the average circulating shares per person increased by 26.02% to 6,494 shares [2] - The second-largest circulating shareholder is Huabao Zhongzheng Financial Technology Theme ETF, holding 4.274 million shares, an increase of 1.9471 million shares from the previous period [3]

Core Insights - Nantian Information (000948.SZ) reported a significant increase in revenue but a substantial decline in net profit for Q3 2025, indicating a situation of rising income without corresponding profit growth [2] Financial Performance - The company's revenue for the first three quarters of 2025 reached 25.11 billion yuan, marking a year-on-year increase of 32.56% [2] - The net profit attributable to shareholders was -589.69 million yuan, reflecting a year-on-year decline of 119.29% [2] - The non-recurring net profit was -1.27 billion yuan, down 141.85% year-on-year, indicating ongoing losses despite revenue growth [2] Quarterly Breakdown - Revenue for the first three quarters was reported as follows: 19.93 billion yuan, 45.80 billion yuan, and 70.91 billion yuan [2] - Corresponding net profits for these quarters were -30.08 million yuan, -5.003 million yuan, and -109 million yuan, showing a continuous loss trend [2] Profitability Challenges - The decline in net profit for Q3 was attributed to intensified market competition, a decrease in gross margin, reduced investment income compared to the previous year, and increased impairment provisions [2] - The gross margin for Q3 was reported at 9.5%, which is considered low within the industry, having fallen below 13% since 2022 [2] Impairment Losses - The increase in credit impairment losses and asset impairment losses significantly impacted net profit, with total impairment losses rising by 21.47 million yuan, a year-on-year increase of 86.79% [2] - The rise in impairment losses was primarily due to increased provisions for bad debts on accounts receivable and inventory write-downs [2] Accounts Receivable - The company's accounts receivable have been close to 2 billion yuan since 2022, indicating a large volume [3] - As of Q3 this year, accounts receivable stood at 1.788 billion yuan, a decrease from 1.988 billion yuan at the beginning of the year, but still higher than most peers in the industry [3]

Core Viewpoint - The company reported a significant decrease in net profit and cash flow for the third quarter, attributed to increased market competition and higher costs, while also expanding its market presence and order volume. Financial Data Summary - The company's cash and cash equivalents decreased by 170,948.83 thousand yuan, a decline of 58.66%, mainly due to the industry cycle characteristics and increased procurement for order expansion [5] - Accounts receivable decreased by 10,530.74 thousand yuan, down 47.16%, primarily due to the maturity of receivables [5] - Prepayments increased by 17,182.78 thousand yuan, up 81.72%, due to increased orders [5] - Long-term equity investments rose by 5,080.19 thousand yuan, a growth of 33.72%, due to a change in accounting treatment for a subsidiary [5] - The company reported a net profit decrease of 5,662.34 thousand yuan, down 124.98%, due to intensified market competition and increased impairment provisions [9] Cash Flow Summary - Net cash flow from operating activities decreased by 48.2 million yuan, a decline of 30.57%, due to increased procurement and market expansion [10] - Net cash flow from investing activities decreased by 6.7 million yuan, down 148.29%, primarily due to the previous year's equity transfer income [10] - Net cash flow from financing activities increased by 12.5 million yuan, a growth of 33.19%, due to increased borrowing to support business expansion [10] Shareholder Information - The company plans to hold its fourth extraordinary general meeting on November 5, 2025, to discuss various proposals, including the reappointment of the accounting firm [51][53]

Core Insights - Nantian Information (000948.SZ) reported a revenue of 7.091 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 21.90% [1] - The company recorded a net loss attributable to shareholders of 10.8998 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 20.6436 million yuan [1] - The basic loss per share was 0.0277 yuan [1]

证券代码：000948 证券简称：南天信息 公告编号：2025-048 云南南天电子信息产业股份有限公司 关于续聘会计师事务所的公告 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。 特别提示 1、公司拟续聘信永中和会计师事务所（特殊普通合伙）（以下简称"信永 中和"）担任公司 2025 年度财务审计及内部控制审计机构，本次续聘会计师事 务所事项已经公司董事会审计委员会、第九届董事会第二十三次会议审议通过， 尚需提交公司股东会审议。 2、本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国 有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 云南南天电子信息产业股份有限公司（以下简称"公司"或"南 天信息"）于 2025 年 10 月 20 日召开第九届董事会第二十三次会议 审议通过了《关于续聘会计师事务所的议案》，公司拟续聘信永中和 担任公司 2025 年度财务审计及内部控制审计机构，聘期一年。本事 项需提交公司股东会审议。现就相关事宜公告如下： 一、拟续聘会计师事务所的基本情况 1、基本信息 机构名称：信永中和会计师事务所 ...

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]