Group 1 - Liren Technology (SZ 001259) announced the convening of its fourth board meeting on October 29, 2025, to review the proposal for the "2025 Q3 Report" [1] - For the first half of 2025, Liren Technology's revenue composition is entirely from the small home appliance industry, accounting for 100.0% [1] - As of the report date, Liren Technology has a market capitalization of 2.1 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]

证券代码：001259 证券简称：利仁科技 公告编号：2025-054 北京利仁科技股份有限公司 第四届董事会第六次会议决议公告 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。 一、董事会会议召开情况 本议案已经董事会审计委员会审议通过。 议案表决结果：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见公司在指定信息披露媒体及巨潮资讯网（www.cninfo.com.cn） 披露的《2025 年第三季度报告》。 三、备查文件 1、公司第四届董事会第六次会议决议； 2、公司第四届董事会审计委员会第四次会议决议。 北京利仁科技股份有限公司（以下简称"公司"）第四届董事会第六次会议 于 2025 年 10 月 29 日上午 10:00 以现场及通讯方式在公司会议室召开，会议通 知已于 2025 年 10 月 21 日以邮件、电话、微信的方式通知全体董事。本次会议 由公司董事长宋老亮先生召集并主持，会议应出席的董事 9 人，实际出席的董事 9 人，全体高管列席本次会议。本次会议的通知、召集和召开符合《中华人民共 和国公司法》及《北京利仁科技股份有限公司章程》的有 ...

Core Insights - Liren Technology reported a third-quarter revenue of 81.9488 million yuan, representing a year-on-year increase of 41.56% while experiencing a net loss of 760,400 yuan [1] - For the first three quarters, the company achieved a revenue of 287 million yuan, marking a year-on-year growth of 9.35%, with a net profit of 4.164 million yuan [1] Financial Performance - Third-quarter revenue: 81.9488 million yuan, up 41.56% year-on-year [1] - Third-quarter net loss: 760,400 yuan [1] - Year-to-date revenue (first three quarters): 287 million yuan, up 9.35% year-on-year [1] - Year-to-date net profit: 4.164 million yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was CNY 81,948,751.19, representing a year-on-year increase of 41.56% compared to CNY 57,890,445.00 in the same period last year[5] - The net profit attributable to shareholders of the listed company for Q3 2025 was CNY -760,383.30, a decrease of 87.26% from CNY -5,967,087.00 in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY -853,665.30, reflecting an 85.98% decrease compared to CNY -6,087,467.00 in the same period last year[5] - The basic earnings per share for Q3 2025 was CNY -0.0103, an improvement of 87.38% from CNY -0.0816 in the previous year[5] - The weighted average return on equity for Q3 2025 was -0.11%, compared to -0.80% in the previous year[5] - The company reported a net loss of ¥819,452.44 for the total profit, compared to a profit of ¥7,026,469.87 in the previous period[21] - The total revenue attributable to the parent company's owners was 4,163,994.83 yuan, compared to 10,098,365.74 yuan in the previous period, indicating a significant decline[22] - Basic and diluted earnings per share were both 0.0566 yuan, down from 0.1381 yuan in the previous period[22] Assets and Liabilities - Total assets as of September 30, 2025, were CNY 838,812,257.23, down 9.79% from CNY 929,851,606.46 at the end of the previous year[5] - Current liabilities decreased significantly to ¥100,930,948.01 from ¥180,060,844.51, a reduction of 44.0%[17] - Non-current assets increased to ¥438,579,811.09 from ¥374,393,663.25, reflecting a growth of 17.2%[17] - Total assets decreased to ¥838,812,257.23 from ¥929,851,606.46, a decline of 9.8%[18] Cash Flow - The company's cash and cash equivalents decreased by 42.23% to CNY 208,864,590.72 from CNY 361,556,778.44 due to payments related to the construction of the subsidiary's production base[9] - Cash inflow from operating activities totaled 297,447,363.39 yuan, an increase from 270,186,036.96 yuan year-over-year[22] - Net cash flow from operating activities was 14,015,387.88 yuan, slightly down from 14,693,919.65 yuan in the previous period[22] - Cash outflow from investing activities was 153,070,569.98 yuan, compared to 75,533,994.03 yuan in the previous period, resulting in a net cash flow from investing activities of -153,038,869.98 yuan[23] - Cash inflow from financing activities was 920,000.00 yuan, while cash outflow totaled 14,588,705.62 yuan, leading to a net cash flow from financing activities of -13,668,705.62 yuan[23] - The ending balance of cash and cash equivalents was 208,864,590.72 yuan, down from 428,976,146.88 yuan in the previous period[23] Operational Metrics - Accounts receivable increased by 59.25% to CNY 6,976,705.33, attributed to normal business operations[9] - Other current assets rose by 66.83% to CNY 34,893,942.23, mainly due to changes in deductible input tax of the subsidiary[9] - Accounts payable decreased by 47.92% to ¥85,486,368.64 due to changes in project construction progress[10] - Contract liabilities increased by 120.39% to ¥1,563,064.50, influenced by changes in advance payments[10] - Financial expenses decreased by 62.10% to -¥2,437,717.48, primarily due to changes in bank deposits[10] - The company reported a 95.51% decrease in other operating income to ¥17,227.72, mainly due to a reduction in government subsidies unrelated to daily operations[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,127[12] - The largest shareholder, Song Laoliang, holds 47.19% of the shares, totaling 34,725,852 shares[12] Other Information - The company experienced a significant asset impairment loss of 24,905.45% due to changes in inventory product structure[10] - Deferred income tax liabilities decreased by 34.13% to ¥2,129,148.81, influenced by changes in the remaining term of lease contracts[10] - Research and development expenses were ¥8,680,236.72, slightly up from ¥8,665,557.40, indicating a marginal increase of 0.2%[20] - The third quarter financial report was not audited[24]

Market Overview - The small home appliance sector increased by 0.51% on October 24, with Beiding Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Beiding Co., Ltd. (300824) closed at 12.40, up 4.03% with a trading volume of 92,300 shares and a turnover of 115 million yuan [1] - Liren Technology (001259) closed at 28.51, up 3.90% with a trading volume of 27,100 shares and a turnover of 76.47 million yuan [1] - Ousheng Electric (301187) closed at 26.83, up 2.68% with a trading volume of 25,800 shares and a turnover of 68.55 million yuan [1] - Other notable performers include Beikang (6610Z6) up 2.20%, and Lek Electric (603355) up 1.82% [1] Capital Flow - The small home appliance sector experienced a net outflow of 1.7073 million yuan from institutional investors, while retail investors saw a net outflow of 18.9792 million yuan [2] - Conversely, speculative funds recorded a net inflow of 20.6865 million yuan [2] Individual Stock Capital Flow - Ousheng Electric (301187) had a net inflow of 6.5022 million yuan from institutional investors, while retail investors faced a net outflow of 7.6842 million yuan [3] - Fuhua Co., Ltd. (603219) saw a net inflow of 6.2580 million yuan from institutional investors, with retail investors experiencing a net outflow of 756,600 yuan [3] - Other stocks like Kaineng Health (300272) and Delmar (301332) also showed varying capital flows, indicating mixed investor sentiment [3]

北京利仁科技股份有限公司 简式权益变动报告书 上市公司信息 上市公司名称：北京利仁科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：利仁科技 股票代码：001259 信息披露义务人：北京利仁投资中心（有限合伙） 信息披露义务人声明 一、本报告书系根据《中华人民共和国证券法》《上市公司收购管理办法》《公 开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及其 他相关法律法规编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信 息披露义务人合伙协议或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券 的公司信息披露内容与格式准则第 15 号——权益变动报告书》的规定，本报告 书已全面披露了信息披露义务人在北京利仁科技股份有限公司中拥有权益的股 份变动情况。 四、截至本报告书签署日，除本报告书披露的持股信息外，信息披露义务人没有 通过任何其他方式增加或减少其在北京利仁科技股份有限公司中拥有权益的股 份。 五、本次权益变动是根据本报告书所载明的资料进行的。除信息披露义务人外， 没有委托或者授权任何其他人提供 ...

Core Viewpoint - Liren Technology announced that its shareholder, Liren Investment, will reduce its holdings of unrestricted circulating shares through centralized bidding from October 21 to October 23, 2025, by 147,700 shares, accounting for 0.2007% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Details** - Liren Investment will reduce its holdings by 147,700 shares through centralized bidding [1] - This reduction represents 0.2007% of the company's total share capital and 0.2032% of the total share capital after excluding shares in the repurchase special account [1] - **Post-Reduction Holdings** - After the reduction, Liren Investment will hold 5,018,300 shares, which is 6.8194% of the company's total share capital [1] - This represents 6.9038% of the total share capital after excluding shares in the repurchase special account [1]

Market Overview - On October 23, the small home appliance sector rose by 0.02% compared to the previous trading day, with Rainbow Group leading the gains [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] Stock Performance - Key stocks in the small home appliance sector showed varied performance, with Rainbow Group closing at 25.17, up 4.66%, and Lek Electric at 24.67, up 1.86% [1] - Other notable performers included Liren Technology at 27.44, up 1.70%, and Ousheng Electric at 26.13, up 0.85% [1] Trading Volume and Value - Rainbow Group had a trading volume of 156,000 shares and a transaction value of 386 million yuan [1] - Lek Electric recorded a trading volume of 130,000 shares with a transaction value of 316 million yuan [1] Capital Flow - The small home appliance sector experienced a net outflow of 101 million yuan from institutional investors, while retail investors saw a net inflow of approximately 89.85 million yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors [2] Individual Stock Capital Flow - Rainbow Group had a net inflow of 31.61 million yuan from institutional investors, while it faced a net outflow of 2.87 million yuan from retail investors [3] - Lek Electric saw a net inflow of 4.47 million yuan from institutional investors but a significant outflow of 19.97 million yuan from speculative funds [3]

Core Insights - Beijing Liren Technology Co., Ltd. has launched a new stainless steel electric pancake maker, filling a gap in the market and achieving sales of over 15,000 units in the first month, ranking first in similar products on JD.com with a 100% positive review rate [1][3] - The company emphasizes health as a core consumer demand, with over 80% of consumers preferring Liren when purchasing electric pancake makers, reflecting a strong market position and a 37% repurchase rate among mothers [3][5] - The launch of the "Little Steel Man" stainless steel series represents a significant material upgrade and a milestone in Liren's high-end strategy, aiming to enhance brand value and lead the industry [3][5] Product and Market Position - The new product features a food-grade 304 stainless steel non-coating baking pan, showcasing Liren's 30 years of technological accumulation and commitment to product safety and health [1][3] - The company plans to develop a comprehensive product matrix around the "Little Steel Man" series, focusing on health and sustainability in the small appliance ecosystem, which will further solidify its leading position in the industry [3][5] Innovation and Future Strategy - Liren Technology has consistently driven innovation since the inception of the electric pancake maker in China in 1995, positioning itself as a pioneer in the health cooking ecosystem [5] - The company aims to inject strong momentum into the sustainable development of the entire Chinese small appliance industry through its health-focused initiatives [3][5]

Core Insights - Beijing Liren Technology Co., Ltd. has launched a new stainless steel electric pancake maker, filling a gap in the market and achieving sales of over 15,000 units in the first month, ranking first in similar products on JD.com with a 100% positive review rate [1] - The company emphasizes health as a core consumer demand, with over 80% of consumers preferring Liren when purchasing electric pancake makers, reflecting a strong commitment to product safety and dietary health [2] - Liren Technology aims to build a comprehensive and reliable health ecosystem for small appliances, focusing on the "Little Steel Man" stainless steel series to enhance its leading position in the industry [3] Product Innovation - The new product features a food-grade 304 stainless steel non-coating baking pan, representing a significant material upgrade and aligning with the company's high-end strategy to enhance brand value [2] - The introduction of the "Little Steel Man" series is seen as a milestone in Liren's 30-year history of innovation in the electric pancake maker market [2][4] Market Position - Liren Technology has maintained its position as a market leader since the inception of the electric pancake maker in China in 1995, with a focus on continuous innovation and health-oriented products [2][4] - The company has achieved a 37% repurchase rate among mothers, indicating strong customer loyalty and satisfaction [2]