Core Viewpoint - The company, Jilun Intelligent, reported a revenue of 596 million yuan for the first three quarters of 2025, highlighting its focus on innovation and product development in the robotics sector [1] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved an operating revenue of 596 million yuan [1] Group 2: Product Development and Innovation - The company is actively exploring and innovating the structure of robotic reducers, expanding its product range and enhancing product performance [1] - Jilun Intelligent has developed several specifications of the XT reducer, suitable for humanoid robots, which are now in small batch supply [1] Group 3: Market Demand and Customer Engagement - The company is responding to emerging demands in the humanoid robot industry by improving the rigidity, precision, and lifespan of its reducers [1] - Jilun Intelligent is enhancing its process maturity, product scalability, and delivery capabilities to attract more high-quality customers [1]

Core Insights - The company reported a revenue of 596 million yuan for the first three quarters of 2025, with 184 million yuan generated in the third quarter [1] Group 1: Financial Performance - The total revenue for the first three quarters was 596 million yuan, indicating a solid performance [1] - The revenue for the third quarter alone was 184 million yuan, contributing to the overall growth [1] Group 2: Business Development - The company is focusing on strengthening its traditional industries while continuously developing high-end industrial equipment [1] - A joint development project with OPS-INGERSOLL has led to the creation of CNC equipment applicable to the planetary roller screw industry, which is currently being promoted in both domestic and international markets [1] - The newly launched planetary roller screw CNC equipment follows the XT reducer as another strategic move in the humanoid robot component sector [1]

Group 1 - The core viewpoint of the news is that institutional investors have increased their holdings in Jilun Intelligent, with a total of 1.09 billion shares held, representing 4.97% of the company's total equity, marking a 0.57 percentage point increase from the previous quarter [1] Group 2 - In the public fund sector, three public funds increased their holdings, with a total increase of 0.72% compared to the previous period [2] - Three new public funds disclosed their holdings this quarter, while 19 public funds did not disclose their holdings compared to the previous quarter [2] Group 3 - Foreign investment sentiment shows a slight increase in holdings from one foreign fund, Hong Kong Central Clearing Limited [2]

Group 1 - The company, Jilun Intelligent, announced the convening of its ninth second board meeting on October 30, 2025, where the Q3 2025 report was reviewed [1] - For the first half of 2025, the revenue composition of Jilun Intelligent was as follows: 55.3% from automotive tire molds and related equipment manufacturing, 40.91% from intelligent equipment manufacturing, and 3.79% from other businesses [1]

Core Viewpoint - The company, JuLun Intelligent (002031.SZ), reported a significant decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 596 million yuan, representing a year-on-year decrease of 32.86% [1] - The net profit attributable to shareholders of the listed company was -89.478 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -104 million yuan [1] - The basic earnings per share were -0.0407 yuan [1]

Core Insights - The company, Giant Wheel Intelligent, is a leading manufacturer in the domestic tire mold industry, established in December 2001 and listed on the Shenzhen Stock Exchange in August 2004 [1] Financial Performance - For Q3 2025, Giant Wheel Intelligent reported a revenue of 596 million yuan, ranking 45th out of 89 in the industry, with the industry leader, Keda Manufacturing, generating 12.605 billion yuan [2] - The company's net profit for the same period was -89.4182 million yuan, placing it 85th in the industry, while Keda Manufacturing and Haomai Technology reported net profits of 1.832 billion yuan and 1.789 billion yuan, respectively [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 46.71%, higher than the previous year's 44.15% and above the industry average of 42.80% [3] - The gross profit margin for Q3 2025 was 12.58%, down from 17.99% year-on-year and significantly lower than the industry average of 28.52% [3] Executive Compensation - The chairman, Wu Youwu, received a salary of 400,000 yuan in 2024, an increase of 265,000 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.87% to 371,200, while the average number of circulating A-shares held per shareholder increased by 5.12% to 5,222.78 [5]

Core Insights - The company reported a significant decline in revenue and profit for the first three quarters of 2025, with total revenue at 596 million yuan, down 32.86% year-on-year, and a net profit attributable to shareholders of -89.48 million yuan, a decrease of 1631.62% [1][2] Financial Performance - Basic earnings per share for the reporting period were -0.04 yuan, with a weighted average return on equity of -4.12% [2] - The company's gross margin for the first three quarters was 12.58%, down 5.41 percentage points year-on-year, while the net margin was -15.00%, a decline of 15.32 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 13.49%, down 0.70 percentage points year-on-year and down 0.06 percentage points quarter-on-quarter; the net margin was -17.73%, a decrease of 17.50 percentage points year-on-year and down 6.17 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 170 million yuan, an increase of 28.33 million yuan year-on-year, with an expense ratio of 28.47%, up 12.55 percentage points from the same period last year [2] - Breakdown of expenses showed sales expenses increased by 19.57%, management expenses rose by 33.55%, and R&D expenses grew by 46.74%, while financial expenses decreased by 5.16% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 371,200, a decrease of 19,000 or 4.87% from the end of the previous half [3] - The average market value of shares held per shareholder increased from 45,800 yuan at the end of the previous half to 48,800 yuan, reflecting a growth of 6.55% [3] Company Overview - The company, located in Guangdong Province, specializes in manufacturing and selling automotive tire molds and related equipment, with main business revenue contributions from robotics and intelligent equipment (40.76%), tire molds (34.45%), hydraulic vulcanizing machines (20.85%), and others (3.79%) [3] - The company is classified under the machinery equipment sector, specifically in specialized equipment, and is involved in various concept sectors including cold chain logistics, humanoid robots, venture capital, artificial intelligence, and industrial mother machines [3]

证券代码：002031 证券简称：巨轮智能 公告编号：2025-043 巨轮智能装备股份有限公司 第九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 1、经与会董事签字并加盖董事会印章的第九届董事会第二次会议决议。 1、会议以 7 票同意，0 票反对，0 票弃权的表决结果通过了《2025 年第三季 度报告》。 本议案已事前经公司董事会审计委员会审议通过。 具体内容请见刊登于《中国证券报》《证券时报》《上海证券报》和巨潮资讯 网（http://www.cninfo.com.cn）的《2025年第三季度报告》。 三、备查文件 1、公司第九届董事会第二次会议的会议通知于 2025 年 10 月 20 日以书面、 电子邮件送达的方式通知全体董事、高级管理人员。 2、本次会议于 2025 年 10 月 30 日上午 10:30 在公司办公楼一楼视听会议室 召开，采用现场会议结合通讯表决的方式召开。 3、本次会议应到董事 7 人，实到董事 7 人。董事吴友武先生亲自出席会议； 董事曾旭钊先生、姚宁先生、吴晓冬先生，独立董 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥184,424,916.57, a decrease of 45.96% compared to the same period last year[4] - The net profit attributable to shareholders was -¥33,227,491.12, representing a decline of 19,856.57% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥43,822,810.40, down 1,406.00% from the previous year[4] - Year-to-date operating revenue reached ¥596,251,094.77, a decrease of 32.86% compared to the same period last year, primarily due to delays in investment project construction by some clients[7] - Basic and diluted earnings per share were both -¥0.0151, reflecting a decline of 15,200.00% year-on-year[4] - The net profit for the current period is a loss of ¥89,418,244.36, compared to a profit of ¥2,906,163.49 in the previous period, marking a significant decline[20] - The company reported a total comprehensive loss of ¥92,818,701.73 for the current period, compared to a loss of ¥538,659.70 in the previous period[20] - Basic and diluted earnings per share for the current period are both -¥0.0407, compared to ¥0.0027 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥161,194,220.10, an increase of 172.38% year-on-year, attributed to the recovery of some material prepayments[7] - The cash flow from operating activities generated a net amount of ¥161,194,220.10, contrasting with a negative cash flow of ¥222,718,010.37 in the previous period[22] - The company’s total operating cash inflow for the current period is ¥882,292,311.50, an increase from ¥633,343,783.56 in the previous period, indicating a growth of approximately 39.2%[22] - The company's current cash and cash equivalents stand at CNY 34,752,415.51, compared to CNY 201,522,007.79 previously, showing a significant decline of approximately 82.8%[15] - Cash and cash equivalents at the end of the period stand at ¥30,329,854.06, down from ¥165,532,361.88 at the end of the previous period[24] - The company’s financing activities resulted in a net cash outflow of ¥147,496,311.45, compared to a net outflow of ¥74,292,077.10 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,990,642,253.30, a decrease of 5.82% from the end of the previous year[4] - Current total assets amount to CNY 3,990,642,253.30, down from CNY 4,237,207,482.84 in the previous period, indicating a decline of approximately 5.8%[16] - Current total liabilities are CNY 1,863,952,599.57, a decrease from CNY 2,017,699,127.38, reflecting a reduction of about 7.6%[16] - Non-current liabilities total CNY 336,774,553.14, down from CNY 463,345,914.55, reflecting a decrease of about 27.3%[16] - The total equity attributable to shareholders is CNY 2,125,090,233.61, down from CNY 2,218,115,077.12, indicating a decrease of approximately 4.2%[16] - The equity attributable to shareholders at the end of the reporting period was ¥2,125,090,233.61, down 4.19% from the previous year[4] Expenses - The company reported an increase in management and R&D expenses compared to the previous year, contributing to the overall loss[7] - Total operating costs for the current period are ¥693,801,612.60, down from ¥877,623,296.62, indicating a reduction of about 20.9%[19] - The company incurred research and development expenses of ¥37,635,399.84, an increase from ¥25,647,827.73 in the previous period, reflecting a growth of approximately 46.6%[19] Non-Recurring Items - Non-recurring gains and losses for the current period amounted to ¥10,595,319.28, with government subsidies contributing ¥11,952,476.37[5] Corporate Governance - The company has made significant changes to its board structure, including the election of a new board and the cancellation of the supervisory board[12]

Core Viewpoint - The stock of Giant Wheel Intelligent has experienced a decline recently, with a notable drop in trading volume and significant net outflow of funds, despite a year-to-date increase in stock price. Group 1: Stock Performance - On October 17, Giant Wheel Intelligent's stock fell by 2.03%, trading at 7.72 CNY per share, with a total transaction volume of 263 million CNY and a market capitalization of 16.979 billion CNY [1] - Year-to-date, the stock price has increased by 55.33%, but it has decreased by 5.51% over the last five trading days, 12.37% over the last 20 days, and 4.93% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" 20 times this year, with the most recent appearance on September 18, where it recorded a net purchase of 286 million CNY [1] Group 2: Financial Performance - For the first half of 2025, Giant Wheel Intelligent reported a revenue of 412 million CNY, a year-on-year decrease of 24.69%, and a net profit attributable to shareholders of -56.25 million CNY, a decrease of 1091.40% [2] - The company has distributed a total of 317 million CNY in dividends since its A-share listing, with a cumulative payout of 2.1994 million CNY over the past three years [2] Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders for Giant Wheel Intelligent was 390,200, a decrease of 11.19% from the previous period, with an average of 4,968 circulating shares per person, an increase of 10.13% [2] - The second-largest shareholder is the Huaxia CSI Robot ETF, holding 49.2562 million shares, an increase of 8.7592 million shares from the previous period [3] - The third-largest shareholder is the Tianhong CSI Robot ETF, holding 19.9187 million shares, an increase of 3.6790 million shares from the previous period [3]