Core Viewpoint - The company, Ping An Electric (平安电工), is actively managing its fundraising and investment strategies, with a focus on enhancing operational efficiency and project funding through various financial instruments [3][4]. Group 1: Trading Information - As of October 27, 2025, Ping An Electric's stock closed at 51.43 yuan, reflecting a 1.38% increase, with a turnover rate of 6.18% and a trading volume of 28,700 shares, amounting to a transaction value of 147 million yuan [1]. - On the same day, the net inflow of funds from major investors was 4.2053 million yuan, indicating positive engagement from institutional investors [2][4]. - Retail investors, however, showed a net outflow of 6.1337 million yuan, suggesting a divergence in investment sentiment among different investor classes [2]. Group 2: Company Announcements - The company announced plans to utilize its own funds, bank acceptance bills, letters of credit, and foreign exchange to finance its fundraising projects, with a net fundraising amount of 727.545 million yuan aimed at various development initiatives [3]. - The board of directors has approved this approach, which allows for the replacement of these expenditures with funds from the fundraising account, ensuring that the intended use of the funds remains unchanged [3][4]. - The sponsor, CITIC Securities, confirmed that the procedures followed were in compliance with regulatory requirements and did not harm the interests of the company or its shareholders [3].

Core Viewpoint - The company ensures that the quarterly report is true, accurate, and complete, with no false records or misleading statements [2][8][9] Financial Data - The third-quarter financial report has not been audited [3][6] - There are no adjustments or restatements of previous years' accounting data [3] - The company does not have any non-recurring profit and loss items [3] Board Meeting - The third board meeting was held on October 24, 2025, with all nine directors present, meeting the legal requirements for a quorum [7] - The board approved the third-quarter report, confirming that it reflects the company's actual situation without any misleading statements [8][9] - The board also approved the use of self-owned funds and other financial instruments to pay for fundraising project expenses, with subsequent reimbursement from the fundraising account [10][11]

Core Insights - The company reported a revenue of 888 million yuan for the first three quarters, representing a year-on-year growth of 14.25%, and a net profit of 201 million yuan, up 22.71% year-on-year [1] - In Q3 alone, the revenue was 317 million yuan, with a year-on-year increase of 10.84%, and a net profit of approximately 65.85 million yuan, reflecting a growth of 10.21% year-on-year [1] - The company is a leading global player in high-temperature mica insulation materials and has a comprehensive sustainable innovation capability across the entire industry chain [1] Business Performance - The growth in performance is attributed to the company's integrated industry chain advantages and increased R&D investment, allowing it to achieve growth despite macroeconomic pressures [1] - The new energy safety protection composite components business has shown particularly strong performance, becoming a new growth driver [1] - The growth is significantly influenced by the new safety regulations for power batteries for electric vehicles released by the Ministry of Industry and Information Technology in April, which raised safety standards to a "zero tolerance" level [1] Technological Advancements - The company has developed a complete solution for thermal runaway protection in new energy vehicles through its "multi-level thermal runaway blocking" technology, which includes three levels of protection: cell-level, module-level, and system-level [1] - This technological innovation aims to achieve the goal of "no fire" and supports the integrated development of the company's offerings [1] Strategic Initiatives - The company has established a core competitive advantage through its full industry chain layout, coordinating development across three major business areas: electrical engineering, new energy, and fiberglass products [2] - The company is advancing fundraising projects at its Wuhan and Tongcheng bases [2] - The company announced a flexible payment strategy for its fundraising projects, allowing it to use various payment methods initially and later replace them with raised funds, involving a net amount of 727.545 million yuan [2] - The total amount raised from the initial public offering was 806.5482 million yuan, with a net amount of 727.545 million yuan after deducting issuance costs [2] - The raised funds will be specifically allocated to five major projects, including the Wuhan production base, Tongcheng production base, and new materials R&D center [2] - The adjustment in payment methods is expected to enhance fund utilization efficiency and ensure the smooth progress of key projects like the construction and intelligent upgrade of the Wuhan production base [2]

Core Insights - The company reported a revenue of 888 million yuan for the first three quarters, representing a year-on-year growth of 14.25%, and a net profit of 201 million yuan, up 22.71% year-on-year [1] - In Q3 alone, the revenue was 317 million yuan, with a year-on-year increase of 10.84%, and a net profit of approximately 65.85 million yuan, reflecting a growth of 10.21% year-on-year [1] - The company is a leading global player in high-temperature mica insulation materials and has a comprehensive sustainable innovation capability across the entire industry chain [1] Business Performance - The growth in performance is attributed to the company's integrated industry chain advantages and increased R&D investment, allowing it to achieve growth despite macroeconomic pressures [1] - The new energy safety protection composite components business has shown particularly strong performance, becoming a new growth driver [1] - The growth is significantly influenced by the new safety regulations for power batteries for electric vehicles released by the Ministry of Industry and Information Technology in April, which raised safety standards to a "zero tolerance" level [1] Technological Advancements - The company has developed a complete solution for thermal runaway protection in new energy vehicles through its "multi-level thermal runaway blocking" technology, which includes three levels of protection: cell-level, module-level, and system-level [1] - This technological innovation aims to achieve the goal of "no fire" and supports the integrated development of the company's offerings [1] Strategic Initiatives - The company has established a core competitive advantage through its full industry chain layout, which includes raw material mining, deep processing of insulation materials, and collaborative development across three major business areas: electric power, new energy, and fiberglass products [2] - The company is advancing fundraising projects at its Wuhan and Tongcheng bases [2] - The company announced a flexible payment strategy for its fundraising projects, allowing it to use various payment methods initially and later replace them with raised funds, with a net amount of 727.545 million yuan allocated for key projects [2]

Core Viewpoint - Hubei Ping An Electric Technology Co., Ltd. disclosed its third quarter report for 2025 and approved a funding replacement plan for its fundraising projects, laying a foundation for future operations and project advancement [1][4]. Meeting Details - The board meeting was held on October 24, 2025, with all nine directors present, meeting the legal requirements [2]. - The meeting was convened and chaired by Chairman Pan Xiebao, with senior management in attendance, ensuring compliance with procedural regulations [2]. Third Quarter Report Approval - The board approved the 2025 third quarter report, confirming that the report's preparation complied with legal and regulatory requirements, accurately reflecting the company's operational status without any misleading statements or omissions [3]. - The voting results for the report were unanimous, with all nine votes in favor [3]. Fundraising Project Funding Replacement Plan - The board approved a plan allowing the company to use its own funds, bank acceptance bills, letters of credit, and foreign exchange to pay for fundraising project expenses, with subsequent reimbursement from the fundraising account [4]. - This approach aims to enhance the flexibility of fund usage and ensure the timely implementation of fundraising projects, with the plan also receiving unanimous approval [4]. Reference Documents and Disclosure - The meeting's reference documents include resolutions from the audit committee and the board meeting, which are available for investor review through designated information disclosure platforms [5].

Group 1 - The core viewpoint of the article highlights the financial performance of Ping An Electric (SZ 001359), which reported a revenue of approximately 888 million yuan for the first three quarters of 2025, representing a year-on-year increase of 14.25% [1] - The net profit attributable to shareholders of the listed company was approximately 201 million yuan, reflecting a year-on-year increase of 22.71% [1] - The basic earnings per share were reported at 1.0831 yuan, which is a year-on-year increase of 12.49% [1] Group 2 - As of the report, the market capitalization of Ping An Electric stands at 9.4 billion yuan [2]

中信证券股份有限公司 关于湖北平安电工科技股份公司 使用自有资金、银行承兑汇票、信用证及外汇等方式支付募投项 目所需资金并以募集资金等额置换的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为湖北 平安电工科技股份公司（以下简称"平安电工"或"公司"）首次公开发行股票 并在主板上市及持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》 《上市公司募集资金监管规则》《深圳证券交易所股票上市规则》及《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》等有关规定， 对平安电工使用自有资金、银行承兑汇票、信用证及外汇等方式支付募投项目所 需资金并以募集资金等额置换的事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意湖北平安电工科技股份公司首次公 开发行股票注册的批复》（证监许可〔2023〕2121 号），公司向社会公众公开 发行人民币普通股（A 股）股票 4,638 万股，发行价为每股人民币 17.39 元，共 计募集资金 80,654.82 万元，扣除不含税发行费用人民币 7,900.32 万元，募集资 金净额为 72,75 ...

证券代码：001359 证券简称：平安电工 公告编号：2025-034 湖北平安电工科技股份公司 关于使用自有资金、银行承兑汇票、信用证及外汇等 方式支付募投项目所需资金并以募集资金等额置换 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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 湖北平安电工科技股份公司（以下简称"公司"）于 2025 年 10 月 24 日召 开第三届董事会第九次会议，审议通过了《关于使用自有资金、银行承兑汇票、 信用证及外汇等方式支付募投项目所需资金并以募集资金等额置换的议案》，同 意公司在募集资金投资项目（以下简称"募投项目"）实施期间，在不影响募投 项目正常实施的前提下，根据实际需要，先行使用自有资金、银行承兑汇票、信 用证及外汇等方式支付募投项目所需资金，后续定期统计支付的募投项目款项金 额，再从募集资金专户支取相应等额款项进行置换，该部分等额置换资金视同募 投项目使用资金。现将有关情况公告如下： 公司与海关或税局绑定的银行账户统一支付，无法通过募集资金账户直接支付。 2、为了提高经营效率、降低采购成本，公司采购设备、原材料、研发材料 等采取批量统一采购的策略，因此 ...

证券代码：001359 证券简称：平安电工 公告编号：2025-033 湖北平安电工科技股份公司 第三届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 湖北平安电工科技股份公司（以下简称"公司"）第三届董事会第九次会 议（以下简称"本次会议"或"会议"）的通知于2025年10月19日通过书面和 电子通讯等方式送达各位董事。本次会议于2025年10月24日（星期五）在公司 会议室以现场结合通讯的方式召开。会议应参加董事9名，实际参加董事9名，符 合召开董事会会议的法定人数。会议由公司董事长潘协保先生召集并主持，公 司高级管理人员列席了本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《公司章 程》等法律、法规和规范性文件的规定，会议合法有效。 二、董事会会议审议情况 经各位董事认真审议，形成了如下决议： （一）审议通过《关于公司<2025年第三季度报告>的议案》 经审议，董事会认为：公司编制《2025 年第三季度报告》的程序符合法 律、行政法规和深圳证券交易所的规定，报告内容真实、准确、完整地 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥317,156,627.46, representing a year-on-year increase of 10.84%[5] - Net profit attributable to shareholders for Q3 2025 was ¥65,848,753.92, up 10.21% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥63,486,197.45, reflecting a 16.11% increase year-on-year[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.3550, marking a 10.21% increase year-on-year[5] - Total operating revenue for the current period reached ¥887,582,444.52, an increase of 14.2% compared to ¥776,845,802.20 in the previous period[20] - Operating profit for the current period was ¥233,132,207.30, reflecting a growth of 22.5% from ¥190,235,806.84 in the previous period[20] - The net profit for the current period was 200,909,537.56, compared to 163,723,463.00 in the previous period, indicating a year-over-year increase of about 23%[21] - The basic and diluted earnings per share for the current period were both 1.0831, compared to 0.9628 in the previous period, reflecting an increase of about 12.5%[21] - The total comprehensive income for the current period was 201,041,569.72, compared to 164,226,684.54 in the previous period, indicating a growth of approximately 22%[21] Assets and Liabilities - The total assets as of September 30, 2025, amounted to ¥2,366,296,259.58, which is a 7.87% increase from the end of the previous year[5] - Current assets totaled ¥1,550,111,341.11, an increase of 4.0% from ¥1,489,763,542.20 at the beginning of the period[18] - Non-current assets increased to ¥816,184,918.47, up 15.9% from ¥703,859,585.93 at the start of the period[18] - Total liabilities increased to ¥390,887,622.37, up 10.1% from ¥354,880,872.28 at the start of the period[19] - Shareholders' equity rose to ¥1,975,408,637.21, an increase of 7.4% from ¥1,838,742,255.85 at the beginning of the period[19] Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥132,420,318.02, showing a significant increase of 521.87%[5] - The net cash flow from operating activities increased significantly by 521.87%, reaching ¥132,420,318.02 compared to ¥21,293,844.87 in the same period last year[12] - Cash received from other operating activities rose by 74.72% to ¥37,182,100.99, primarily due to an increase in the redemption of large certificates of deposit[12] - The net cash flow from investing activities improved by 107.98%, amounting to ¥24,173,090.81, compared to a negative cash flow of ¥303,100,503.37 in the previous year[12] - The net cash flow from financing activities was negative at -¥71,522,093.33, a decline of 111.59% from the previous year's positive cash flow of ¥617,319,078.41[12] - The total cash and cash equivalents at the end of the period amounted to 728,772,700.12, up from 509,383,858.59 in the previous period, representing an increase of approximately 43%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,435, with the largest shareholder, Hubei Zhonghui Industrial Co., Ltd., holding 39.89% of the shares[14] - The top ten shareholders collectively hold significant stakes, with the largest individual shareholder owning 74,000,000 shares[14] Expenses and Taxation - The company reported a 44.48% increase in taxes paid, totaling ¥86,668,568.74, attributed to higher VAT and additional taxes paid during the period[12] - The company reported a tax expense of 30,002,998.85 for the current period, up from 25,350,946.56 in the previous period, reflecting an increase of approximately 18%[21] - Research and development expenses for the current period were ¥42,570,289.07, a 25.5% increase from ¥33,930,709.98 in the previous period[20] Other Financial Metrics - The company experienced a 14004.96% increase in financial income, primarily due to increased interest income and exchange gains[10] - The cash and cash equivalents net increase was ¥85,732,594.04, reflecting a decrease of 74.60% compared to the previous year[12] - Cash inflows from operating activities totaled 696,913,150.87, compared to 581,041,848.48 in the previous period, showing an increase of about 20%[23] - The company reported a net profit margin improvement, with operating profit margin increasing due to better cost management and revenue growth[20]