Core Viewpoint - Zongshen Power (001696.SZ) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential in the market [1] Financial Performance - The company achieved an operating revenue of 9.583 billion yuan, representing a year-on-year growth of 31.18% [1] - The net profit attributable to shareholders reached 758 million yuan, showing a remarkable year-on-year increase of 93.70% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 710 million yuan, reflecting a year-on-year growth of 92.63% [1]

Core Insights - The company reported a significant increase in revenue and profit for the first three quarters of 2025, with total revenue reaching 9.583 billion yuan, a year-on-year growth of 31.18%, and a net profit attributable to shareholders of 758 million yuan, up 93.70% [1] - The third quarter alone saw revenue of 2.928 billion yuan, reflecting a year-on-year increase of 14.32%, and a net profit of 252 million yuan, which is a remarkable growth of 130.65% [1] - The growth in performance is attributed to the expansion of the general machinery and motorcycle engine businesses, as well as significant improvements in investment income from joint ventures [1] Business Segments - The company has optimized its overall industrial layout, establishing a diversified structure centered on general machinery and motorcycle engines, while also covering emerging fields such as aviation power, new energy, and high-end components [1] - The aviation power business has developed a product line primarily focused on small and medium-sized aviation piston engines, creating five major aviation power platforms and launching over 20 derivative products, including propeller products [2] - The company has achieved airworthiness certifications in France and Germany, and has integrated various systems to meet customer needs comprehensively [2] - A wholly-owned subsidiary, Chongqing Chenyu Technology Co., Ltd., was established to serve as a strategic platform for the aviation power business, facilitating accelerated development in this sector [2] - The company is forming a dual-driven model of "steady growth in traditional businesses and strategic breakthroughs in aviation power," with traditional businesses providing stable cash flow and performance support for long-term strategic developments [2]

Core Viewpoint - Zongshen Power (001696.SZ) reported strong financial performance for the first three quarters of 2025, with significant growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 9.583 billion yuan, representing a year-on-year increase of 31.18% [1] - Net profit attributable to shareholders reached 758 million yuan, marking a year-on-year growth of 93.70% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 710 million yuan, reflecting a year-on-year increase of 92.63% [1]

Core Viewpoint - Zongshen Power continues to demonstrate strong revenue and profit growth, with a net profit increase of 93.70% year-on-year in the first three quarters of 2025, reflecting the company's robust operational performance and strategic positioning in both traditional and emerging business sectors [2][3][4]. Financial Performance - In the first half of 2025, the company achieved total revenue of 6.693 billion yuan, a year-on-year increase of 39.05%, and a net profit of 506 million yuan, up 79.37% [3]. - For the first three quarters of 2025, total revenue reached 9.639 billion yuan, representing a 30.17% year-on-year growth, with net profit soaring to 758 million yuan, marking a 93.70% increase [3][4]. Business Segments - The general machinery segment, as the primary growth driver, reported a revenue of 3.647 billion yuan in the first half of 2025, a significant increase of 73.06%, with net profit rising by 139.79% [4]. - The motorcycle engine segment generated 2.330 billion yuan in revenue during the same period, reflecting a 14.39% growth, primarily driven by increased export volumes [5][6]. Emerging Business Opportunities - The company is focusing on three key areas: aviation power, new energy, and high-end components, which are expected to support long-term growth [7][8]. - In the new energy sector, Zongshen Power has established two product systems covering electric drive systems and energy storage, achieving significant revenue growth [8]. Capital Operations and Investments - The company reported over 63 million yuan in investment income in the first half of 2025, largely due to the strong performance of its associate company, Longxin General [9]. - Zongshen Power's strategic investments, including the acquisition of a stake in Longxin General, have enhanced its market position in the motorcycle and general machinery sectors [9][10]. Research and Development - The company has increased its R&D expenditure to 165 million yuan in the first half of 2025, a 15.04% increase year-on-year, and holds nearly 1,500 effective patents [11][12]. - The "14th Five-Year Plan" emphasizes the low-altitude economy as a strategic emerging industry, projecting significant growth opportunities in this sector [12].

Core Viewpoint - Zongshen Power has reported impressive financial results for the first three quarters of 2025, with significant year-on-year growth in net profit and operating income, driven by its dual business model of motorcycle engines and general machinery [1][2]. Financial Performance - The company achieved a net profit of 758 million yuan, a substantial increase of 93.70% year-on-year [1]. - The non-recurring net profit reached 710 million yuan, up 92.63% year-on-year [1]. - Operating income for the period was 9.583 billion yuan, reflecting a growth of 31.18% compared to the previous year [1]. - The basic earnings per share were 0.6617 yuan, marking a 93.71% increase year-on-year [1]. - Net cash flow from operating activities was 687 million yuan, an increase of 86.87% year-on-year, indicating improved cash collection capabilities [1]. Business Segments - The rapid growth in performance is primarily attributed to the synergy between the motorcycle engine and general machinery sectors, with the latter being a key driver of revenue growth [2]. - The general machinery segment saw significant sales increases in agricultural and forestry machinery, as well as small engineering machinery, supported by strong domestic and international orders [2]. - The motorcycle engine business is steadily advancing in its transition towards electrification and high-end products, with growing competitiveness in mid-to-large displacement engines and new energy motorcycle power systems [2]. Investment and Strategic Initiatives - The company's investment in joint ventures has also contributed to performance growth, with investment income reaching 116 million yuan, a remarkable increase of 318.43% year-on-year [2]. - Zongshen Power has been actively expanding its business boundaries through equity participation and joint ventures, enhancing its risk resilience and profit flexibility [2]. Capital Operations and Collaborations - The company has been focusing on capital operations and industrial integration, with collaborative effects gradually being realized, particularly with Longxin General [3]. - Longxin General reported a net profit increase of 75.45% year-on-year, indicating a strong partnership in the general power products and new energy terminal sectors [3]. - Zongshen Power is constructing a diversified industrial matrix centered around "power systems" through investments in emerging fields and technology companies [3]. Future Growth Prospects - Zongshen Power is strategically planning for the "14th Five-Year Plan" period, with low-altitude economy identified as a crucial growth area [4]. - The company’s subsidiary, Zongshen Aviation, is making significant strides in the design and manufacturing of small aviation engines, achieving major technical breakthroughs and certifications [4]. - The CA500 aviation piston engine is set to become the first domestic aviation power product certified under strict civil aviation standards, positioning the company favorably in the general aviation market [4]. - Analysts predict that with the ongoing policy benefits for the low-altitude economy and the gradual recovery of the global general aviation market, Zongshen Power is likely to experience dual enhancements in performance and valuation over the next five years [5].

证券代码：001696 证券简称：宗申动力 公告编号：2025-60 自 2025 年 1 月 1 日至 2025 年 9 月 30 日，公司及子公司使用自有资金购买 理财产品金额未超过公司股东会授权额度，以上购买理财产品的交易均不构成关 联交易，具体情况请见附件《重庆宗申动力机械股份有限公司购买理财产品情况 表》。 特此公告。 重庆宗申动力机械股份有限公司 董事会 2025 年 10 月 31 日 1 / 3 附件：重庆宗申动力机械股份有限公司购买理财产品情况表 重庆宗申动力机械股份有限公司 关于购买理财产品的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 重庆宗申动力机械股份有限公司（简称"公司"）第十一届董事会第十九次 会议和 2024 年年度股东大会审议通过《关于公司开展理财业务的议案》：批准 使用投资理财金额日峰值不超过 10 亿元人民币（含）的自有闲置资金及信贷融 资资金开展理财业务，有效期至公司 2025 年年度股东会重新核定额度前。具体 内容详见公司于2025年4月1日和4月 22日在巨潮资讯网（www.cninfo.com.cn） 上 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-59 重庆宗申动力机械股份有限公司 关于向参股公司增资暨关联交易的公告 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。 重要内容提示： 1．交易内容：重庆宗申动力机械股份有限公司（简称"公司"）拟与关联 方重庆宗申投资有限公司（简称"宗申投资"）以现金方式向重庆宗申新智造 科技有限公司（简称"宗申新智造"）按持股比例增资 32,378.51 万元，其中 公司出资 15,635.58 万元。 2．本次交易构成关联交易，未构成重大资产重组。 3．至本次关联交易为止，过去 12 个月内公司已向宗申新智造增资 642.26 万元。 4．本次关联交易事项已经独立董事专门会议审议通过，并于 2025 年 10 月 29 日经公司第十二届董事会第二次会议审议通过，无需提交公司股东会审议。 2．法定代表人：李耀 一、关联交易概述 1．根据宗申新智造经营管理的资金需求，公司拟与关联方宗申投资以现金 方式向宗申新智造按持股比例增资 32,378.51 万元，其中宗申投资出资 16,742.93 万元，公司出资 15, ...

独立董事 2025 年第二次专门会议决议 本次向参股公司增资是为满足宗申新智造经营管理的需要，公司提供必要的资金支持， 本次关联交易事项遵循公平、公正、公开的原则进行，参股公司双方股东均按持股比例以 现金方式出资，交易定价公允合理，不存在损害公司及股东利益，尤其是中小股东利益的 情形，不会影响公司的独立性，亦不会对公司持续经营能力产生不利影响。综上所述，我 们一致同意将此事项提交公司董事会审议，关联董事应回避表决。 特此决议！ 重庆宗申动力机械股份有限公司 独立董事：易继明、郑亚光、贾滨 2025 年 10 月 24 日 重庆宗申动力机械股份有限公司 独立董事 2025 年第二次专门会议决议 根据《上市公司独立董事管理办法》《上市公司治理准则》《深圳证券交易所股票上 市规则》等相关法律、法规和规范性文件的有关规定，重庆宗申动力机械股份有限公司（简 称"公司"）于 2025 年 10 月 21 日以专人送达、传真或电子邮件方式发出召开独立董事 2025 年第二次专门会议通知，并于 2025 年 10 月 24 日以通讯表决方式召开。 会议应出席独立董事 3 名，实际出席会议独立董事 3 名，独立董事易继明先生、 ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-61 重庆宗申动力机械股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 重庆宗申动力机械股份有限公司（简称"公司"）已于2025年10月31日在指 定媒体和网站上披露《公司2025年第三季度报告》。为加强投资者关系管理，便 于广大投资者更深入、全面了解公司2025年第三季度报告和经营情况，公司定于 2025年11月7日（星期五）在全景网召开2025年第三季度业绩说明会，将针对经 营业绩等投资者关心的问题与广大投资者进行在线交流和沟通，欢迎广大投资者 积极参与。 一、网上业绩说明会的安排 1．召开时间：2025年11月7日（星期五）下午15:00-16:00 2．出席人员：公司总经理、董事黄培国先生，副总经理、财务总监刘源洪 先生，独立董事郑亚光先生，副总经理、董事会秘书林艺先生（如遇特殊情况， 参会人员可能进行调整）。 3．参与方式：本次业绩说明会将采用网络远程方式召开，投资者可登陆全 景网"投资者关系互动平台"（http://ir.p5w ...

证券代码：001696 证券简称：宗申动力 公告编号：2025-57 重庆宗申动力机械股份有限公司 3．董事出席会议情况 会议应到董事 9 名，实到董事 9 名，以通讯表决方式出席会议的为独立董事 易继明先生、郑亚光先生和贾滨先生。董事长左宗申先生主持会议，公司高级管 理人员列席会议，符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 经会议逐项审议并表决，作出如下决议： 第十二届董事会第二次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 1．会议通知情况 重庆宗申动力机械股份有限公司（简称"公司"）董事会于 2025 年 10 月 24 日向全体董事和高级管理人员以专人送达、邮件或传真方式发出了会议通知 及相关材料。 2．会议召开的时间、地点、方式 公司第十二届董事会第二次会议于 2025 年 10 月 29 日在宗申工业园办公大 楼一楼会议室以现场和通讯表决的方式召开。 1．公司第十二届董事会第二次会议决议； 2．公司董事会审计委员会 2025 年第五次会议决议； 3．独立董事 2025 年第二次专门会议决 ...