越秀资本(000987.SZ)发布2025 年前三季度业绩预告，预计前三季度归属于上市公司股东的净利润29.22 亿元至30.94亿元，同比增长70%至80%。前三季度，公司积极把握资本市场稳健发展机遇，投资业务收 益实现同比提升;同时，新能源业务发电量随装机容量持续增长，经营效益不断提升，公司绿色转型成 效显著。 越秀资本(000987.SZ)发布2025 年前三季度业绩预告，预计前三季度归属... ...

智通财经APP讯，越秀资本(000987.SZ)发布2025 年前三季度业绩预告，预计前三季度归属于上市公司 股东的净利润29.22亿元至30.94亿元，同比增长70%至80%。前三季度，公司积极把握资本市场稳健发 展机遇，投资业务收益实现同比提升;同时，新能源业务发电量随装机容量持续增长，经营效益不断提 升，公司绿色转型成效显著。 ...

Core Viewpoint - Yuexiu Capital (000987) is expected to achieve a significant increase in net profit for the first three quarters of 2025, with projections indicating a year-on-year growth of 70% to 80% [1] Financial Performance - The projected net profit attributable to shareholders for the first three quarters of 2025 is estimated to be between 2.922 billion yuan and 3.094 billion yuan [1] - For the third quarter alone, the expected net profit is forecasted to be between 1.364 billion yuan and 1.536 billion yuan, reflecting a year-on-year growth of 94% to 118% [1] - The company's operational performance is set to reach a new high [1]

（一）2025年前三季度，公司积极把握资本市场稳健发展机遇，投资业务收益实现同比提升；同时，新 能源业务发电量随装机容量持续增长，经营效益不断提升，公司绿色转型成效显著。（二）公司控股子 公司广州资产管理有限公司持有北京控股有限公司4.14%股份，并于2025年9月30日获委任一名董事； 公司控股子公司广州越秀产业投资有限公司持有新天绿色能源股份有限公司4.97%股份，并于2025年7 月25日获委任一名董事。根据《企业会计准则》等相关规定，公司对所持前述股权资产的会计核算方法 由交易性金融资产变更为长期股权投资。公司财务部门根据初始投资成本与可辨认净资产公允价值的差 额，预计分别确认一次性收益约20.22亿元、2.98亿元，将分别增加公司2025年第三季度归母净利润约 10.47亿元、1.34亿元，相关收益为非经常性损益。与此有关的资产评估工作尚在有序推进中，实际财务 影响以公司定期报告披露数据为准。 （三）根据《企业会计准则》和公司会计政策的相关规定，为准确、客观的反映公司2025年9月30日的 财务状况及2025年前三季度的经营成果，公司对债权投资、长期应收款、应收款项及其他等资产进行全 面清查和减值测 ...

Core Viewpoint - The company, Yuexiu Capital, expects a significant increase in net profit for the first three quarters of 2025, driven by improved investment business performance and growth in renewable energy generation [1][2]. Group 1: Financial Performance - The net profit attributable to shareholders is projected to be between 292.21 million and 309.40 million yuan, representing a year-on-year growth of 70% to 80% [1]. - The net profit after deducting non-recurring gains and losses is expected to be between 140.62 million and 157.81 million yuan, reflecting a year-on-year increase of 18% to 32% [1]. Group 2: Business Developments - The company has actively seized opportunities in the capital market, leading to improved investment business returns [2]. - The renewable energy business has seen a continuous increase in power generation alongside growing installed capacity, contributing to enhanced operational efficiency [2]. Group 3: Equity Investments - The company's subsidiary, Guangzhou Asset Management Co., holds a 4.14% stake in Beijing Holdings Limited and has appointed a director as of September 30, 2025 [2]. - Another subsidiary, Guangzhou Yuexiu Industrial Investment Co., holds a 4.97% stake in New天绿色能源股份有限公司 and appointed a director on July 25, 2025 [2]. - The accounting treatment for these equity investments has changed from trading financial assets to long-term equity investments, leading to expected one-time gains of approximately 2.02 billion yuan and 298 million yuan, which will increase net profit by about 1.05 billion yuan and 134 million yuan, respectively [2]. Group 4: Asset Management - The company is conducting a comprehensive review and impairment testing of various assets, including debt investments and receivables, with expected impairment provisions of 1.4 billion to 1.6 billion yuan [3]. - This impairment is anticipated to reduce net profit by approximately 720 million to 820 million yuan for the first three quarters of 2025 [3].

Core Insights - The company, Yuexiu Capital, forecasts a net profit attributable to shareholders of 2.922 billion to 3.094 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 70% to 80% [1] Group 1 - The company is actively seizing opportunities in the stable development of the capital market, leading to an increase in investment business revenue [1] - The company's renewable energy business has seen a continuous increase in power generation alongside growing installed capacity, resulting in improved operational efficiency [1]

证券代码：000987 证券简称：越秀资本 公告编号：2025-058 广州越秀资本控股集团股份有限公司 三、风险提示 以上数据是公司财务部门根据《企业会计准则》及北京控股、 新天绿色能源经营业绩情况进行的初步估计，相关资产评估工作 尚在有序推进中，实际财务影响以公司定期报告披露数据为准。 请投资者注意投资风险。 一、参股相关公司的背景介绍 2024 年以来，为加强业务协同，并获取稳定的投资收益， 经公司总经理办公会审议决策，同意公司控股子公司广州资产管 理有限公司（以下简称"广州资产"）通过二级市场增持北京控 股港股股票（股票简称"北京控股"，股票代码：0392.HK），同意 公司控股子公司广州越秀产业投资有限公司（以下简称"越秀产 业投资"）通过二级市场增持新天绿色能源港股股票（股票简称 "新天绿色能源"，股票代码：0956.HK）。 截至目前，广州资产累计增持北京控股港股股票 5,207.35 万 股，占北京控股总股本的 4.14%；北京控股于 2025 年 9 月 30 日 披露《委任非执行董事》公告，广州资产董事长苏俊杰先生获委 任为北京控股董事。越秀产业投资累计增持新天绿色能源港股股 票 20,8 ...

Core Viewpoint - Yuexiu Capital (SZ 000987) is expected to report a net profit attributable to shareholders of approximately 2.922 billion to 3.094 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 70% to 80% [1] Financial Performance - The basic earnings per share are projected to be between 0.5808 yuan and 0.6152 yuan [1] - The significant increase in profit is attributed to the company's proactive engagement in the stable development opportunities of the capital market, leading to improved investment business returns [1] - The growth in the company's renewable energy business, driven by an increase in installed capacity and operational efficiency, has also contributed to the positive financial outlook [1] Revenue Composition - For the first half of 2025, the revenue composition of Yuexiu Capital is as follows: - Renewable energy business: 43.76% - Futures brokerage business: 27.38% - Financial leasing business: 23.45% - Non-performing asset management business: 4.68% - Investment management business: 1.55% [1] Market Capitalization - As of the report date, Yuexiu Capital has a market capitalization of 39.8 billion yuan [1]

越秀资本公告，预计2025年前三季度净利润为29.22亿元到30.94亿元，同比增长70%-80%。预计第三季 度净利润为13.64亿元到15.36亿元，同比增长94%-118%。前三季度扣除非经常性损益后的净利润预计为 14.06亿元到15.78亿元，同比增长18%-32%。 ...

[Guangzhou Yuexiu Capital Holdings Group Co., Ltd. Q1-Q3 2025 Performance Forecast](index=1&type=section&id=%E5%B9%BF%E5%B7%9E%E8%B6%8A%E7%A7%80%E8%B5%84%E6%9C%AC%E6%8E%A7%E8%82%A1%E9%9B%86%E5%9B%A2%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%89%8D%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) Guangzhou Yuexiu Capital Holdings Group Co., Ltd. forecasts significant profit growth for Q1-Q3 2025, with net profit attributable to shareholders expected to increase by 70%-80% [I. Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) Yuexiu Capital expects year-on-year net profit growth for both Q1-Q3 and Q3 2025, with Q1-Q3 net profit attributable to shareholders projected to increase by 70%-80% and Q3 by 94%-118% [Performance Forecast Period](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This section specifies the duration covered by the performance forecast, from January 1 to September 30, 2025 - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) [Q1-Q3 Performance Overview](index=1&type=section&id=%E5%89%8D%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%A6%82%E8%A7%88) This section provides a summary of the company's expected financial performance for the first three quarters of 2025, highlighting key profit metrics and year-on-year changes Q1-Q3 2025 Performance Forecast | Item | Q1-Q3 2025 (Estimated) | Prior Period (Jan-Sep 2024) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company (million yuan) | Profit: **2,922.10 ~ 3,093.98** | Profit: **1,718.88** | **70%~80%** | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses (million yuan) | Profit: **1,406.16 ~ 1,578.05** | Profit: **1,193.08** | **18%~32%** | | Basic Earnings Per Share (yuan/share) | Profit: **0.5808 ~ 0.6152** | Profit: **0.3431** | - | [Q3 Performance Overview](index=1&type=section&id=%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%BA%A6%E4%B8%9A%E7%BB%A9%E6%A6%82%E8%A7%88) This section presents the company's expected financial performance for the third quarter of 2025, detailing profit figures and year-on-year changes Q3 2025 Performance Forecast | Item | Q3 2025 (Estimated) | Prior Period (Jul-Sep 2024) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company (million yuan) | Profit: **1,363.65 ~ 1,535.54** | Profit: **702.97** | **94%~118%** | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses (million yuan) | Profit: **-143.81 ~ 28.08** | Profit: **326.42** | **Decrease 144%~91%** | | Basic Earnings Per Share (yuan/share) | Profit: **0.2715 ~ 0.3059** | Profit: **0.1403** | - | - The data is based on the company's consolidated financial statements, and basic earnings per share have accounted for the impact of repurchased treasury shares and perpetual bonds[5](index=5&type=chunk) [II. Communication with Accounting Firm](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) This performance forecast has not been audited by a certified public accountant - This performance forecast has not been audited by a certified public accountant[6](index=6&type=chunk) [III. Explanation of Major Performance Changes](index=2&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance changes are primarily attributed to increased investment income, growth in new energy business, and one-time gains from changes in equity accounting methods, partially offset by asset impairment provisions [Growth in Investment and New Energy Businesses](index=2&type=section&id=%E6%8A%95%E8%B5%84%E4%B8%9A%E5%8A%A1%E4%B8%8E%E6%96%B0%E8%83%BD%E6%BA%90%E4%B8%9A%E5%8A%A1%E5%A2%9E%E9%95%BF) This section details the positive impact of increased investment income and the continuous growth of the new energy business on the company's performance - The company actively seized opportunities in the stable capital market, achieving a year-on-year increase in investment income[7](index=7&type=chunk) - New energy business power generation continuously grew with increasing installed capacity, leading to improved operating efficiency and significant achievements in the company's green transformation[7](index=7&type=chunk) [Changes in Accounting Methods and One-Time Gains](index=2&type=section&id=%E4%BC%9A%E8%AE%A1%E6%A0%B8%E7%AE%97%E6%96%B9%E6%B3%95%E5%8F%98%E6%9B%B4%E5%8F%8A%E4%B8%80%E6%AC%A1%E6%80%A7%E6%94%B6%E7%9B%8A) This section explains the one-time gains resulting from changes in accounting methods for certain equity investments, specifically for Beijing Holdings and Xintian Green Energy - Guangzhou Asset Management Co., Ltd., a controlled subsidiary, holds **4.14%** of Beijing Holdings Co., Ltd. shares and appointed a director on September 30, 2025, leading to a change in accounting method from financial assets held for trading to long-term equity investment[7](index=7&type=chunk)[8](index=8&type=chunk) - Guangzhou Yuexiu Industrial Investment Co., Ltd., a controlled subsidiary, holds **4.97%** of Xintian Green Energy Co., Ltd. shares and appointed a director on July 25, 2025, leading to a change in accounting method from financial assets held for trading to long-term equity investment[7](index=7&type=chunk)[8](index=8&type=chunk) Estimated Gains from Changes in Accounting Methods | Equity Asset | Estimated One-Time Gain (100 million yuan) | Estimated Increase in Q3 2025 Net Profit Attributable to Shareholders (100 million yuan) | | :--- | :--- | :--- | | Beijing Holdings Co., Ltd. Equity | **20.22** | **10.47** | | Xintian Green Energy Co., Ltd. Equity | **2.98** | **1.34** | - The related gains are non-recurring items, and asset valuation work is still in progress[8](index=8&type=chunk) [Provision for Asset Impairment](index=3&type=section&id=%E8%B5%84%E4%BA%A7%E5%87%8F%E5%80%BC%E5%87%86%E5%A4%87%E8%AE%A1%E6%8F%90) This section outlines the company's provisions for asset impairment across various asset categories, which are expected to reduce net profit - The company conducted a comprehensive inventory and impairment test for assets including debt investments, long-term receivables, accounts receivable, and others[8](index=8&type=chunk) Estimated Impact of Asset Impairment Provisions | Item | Estimated Amount (100 million yuan) | Estimated Decrease in Q1-Q3 2025 Net Profit Attributable to Shareholders (100 million yuan) | | :--- | :--- | :--- | | Various Asset Impairment Provisions and Credit Impairment Provisions | **14 ~ 16** | **7.20 ~ 8.20** | - The actual provision details and financial impact will be disclosed separately once finalized[8](index=8&type=chunk) [IV. Risk Warning](index=3&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The financial data in this announcement is preliminary and unaudited, potentially differing from the final periodic report, thus investors should be aware of investment risks - The main financial data contained in this announcement are preliminary calculations by the company's finance department and have not been audited by an accounting firm[9](index=9&type=chunk) - The aforementioned data may differ from the data disclosed in the company's Q3 2025 report, and investors are advised to pay attention to investment risks[9](index=9&type=chunk)