Core Insights - The trade sector experienced a rise of 2.01% on October 31, with Jiangsu Guotai leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Trade Sector Performance - Jiangsu Guotai (002091) closed at 9.34, up 6.26% with a trading volume of 1.138 million shares and a transaction value of 1.071 billion [1] - Other notable performers included: - Dongfang Chuangye (600278) at 8.36, up 5.03% [1] - Nanjing Shanglv (600250) at 11.11, up 4.91% [1] - Shisuo Hongye (600128) at 11.00, up 3.09% [1] Capital Flow Analysis - The trade sector saw a net inflow of 231 million in main funds, while retail funds experienced a net outflow of 118 million and 113 million respectively [2] - Key individual stock capital flows included: - Jiangsu Guotai with a net inflow of 103 million, but retail outflows of 64 million [3] - Dongfang Chuangye with a net inflow of 94 million from main funds, but retail outflows of 60 million [3] - Nanjing Shanglv with a net inflow of 62 million from main funds, but retail outflows of 41 million [3]

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunities Index, showcasing their daily and year-to-date performance along with dividend yields [1][2] - The top performer is COSCO Shipping Energy Transportation (600026.SH) with a daily increase of 8.76% and a year-to-date increase of 19.08%, offering a dividend yield of 2.77% [1] - China National Foreign Trade Transportation Group (601598.SH) ranks second with a daily increase of 7.40% and a year-to-date increase of 31.14%, providing a dividend yield of 4.28% [1] Group 2 - The index consists of 100 stocks, with a maximum weight of 3% for any single stock and a maximum of 33% for any single GICS industry [2] - The index's historical price-to-earnings ratio is 10.08, with an expected price-to-earnings ratio of 10.64, and a dividend yield of 5.18% [2] - The data for the index is sourced from the Shanghai and Shenzhen Stock Exchanges, with the latest update as of October 30, 2025 [2]

Core Viewpoint - Jiangsu Guotai is a significant player in the domestic supply chain services and chemical new energy sectors, showcasing technical and market advantages in its industry [1] Group 1: Business Performance - In Q3 2025, Jiangsu Guotai achieved a revenue of 29.604 billion, ranking 6th in the industry [2] - The company reported a net profit of 1.6 billion, placing it 3rd in the industry [2] - The main business composition includes export trade in textiles and apparel at 15.066 billion, accounting for 81.01% of total revenue [2] Group 2: Financial Ratios - Jiangsu Guotai's debt-to-asset ratio was 49.60% in Q3 2025, lower than the industry average of 63.05%, indicating strong solvency [3] - The gross profit margin for the company was 15.65%, higher than the industry average of 15.06%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 8.46% to 57,600 [5] - The average number of circulating A-shares held per shareholder decreased by 7.80% to 27,700 [5] Group 4: Management Compensation - The chairman, Zhang Ziyan, received a salary of 5.56 million in 2024, a decrease of 20,000 from 2023 [4] - The president, Chen Xiaodong, maintained a salary of 1.8 million for both 2024 and 2023 [4] Group 5: Future Outlook - The company is expected to maintain a net profit forecast of 1.38 billion for 2025 and 1.49 billion for 2026, with a target price adjustment of 15% to 10.58 [5] - Business highlights include strong resilience in the supply chain main business and potential improvements in chemical business profitability [5][6]

Core Viewpoint - Jiangsu Guotai (002091.SZ) reported a revenue of 29.604 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.06% [1] - The net profit attributable to shareholders of the listed company reached 935 million yuan, marking a year-on-year increase of 5.37% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 880 million yuan, with a year-on-year growth of 3.07% [1] - The basic earnings per share stood at 0.57 yuan [1]

Core Insights - Jiangsu Guotai reported a revenue of 29.604 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 2.06% [1] - The net profit attributable to shareholders was 0.935 billion yuan, up 5.37% year-on-year, with a basic earnings per share of 0.57 yuan [1] - The company proposed a cash dividend of 1.70 yuan per 10 shares for the third quarter of 2025 [1] Financial Performance - The gross profit margin for the first three quarters was 15.65%, an increase of 0.54 percentage points year-on-year, while the net profit margin was 5.40%, up 0.33 percentage points [1] - In Q3 2025, the gross profit margin was 15.86%, a year-on-year increase of 0.91 percentage points, and a quarter-on-quarter increase of 0.42 percentage points [1] - The net profit margin for Q3 was 6.19%, up 0.50 percentage points year-on-year and 0.95 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the company were 2.692 billion yuan, an increase of 0.283 billion yuan year-on-year, with an expense ratio of 9.09%, up 0.79 percentage points [2] - Sales expenses increased by 11.93% year-on-year, while management expenses rose by 5.13% [2] - R&D expenses decreased by 11.30%, and financial expenses surged by 1441.35% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 57,600, an increase of 4,496 or 8.46% from the end of the previous half [2] - The average market value per shareholder increased from 222,600 yuan to 258,100 yuan, a growth of 15.92% [2] Company Overview - Jiangsu Guotai, established on May 7, 1998, and listed on December 8, 2006, is located in Zhangjiagang, Jiangsu Province [2] - The company's main business includes supply chain services and chemical new energy, with revenue composition: 81.01% from export trade of textiles and toys, 13.58% from import and domestic trade, 5.24% from chemical products, and 0.17% from other sources [2] - The company belongs to the Shenwan industry classification of retail trade and is involved in sectors such as organic silicon, mid-cap stocks, cross-border e-commerce, lithium hexafluorophosphate, and the Yangtze River Delta integration [2]

| 证券代码：002091 | 证券简称：江苏国泰 | 公告编号：2025-76 | | --- | --- | --- | | 转债代码：127040 | 转债简称：国泰转债 | | 江苏国泰国际集团股份有限公司 第九届监事会第十七次（临时）会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 江苏国泰国际集团股份有限公司（以下简称"公司"）第九届监事会第十七次（临 时）会议，于 2025 年 10 月 25 日以电子邮件和送达的方式发出会议通知，并于 2025 年 10 月 29 日在公司会议室召开，本次会议应出席监事五名，实际出席监事五名，本 次会议由公司监事会主席杨革先生主持。本次会议的召开符合有关法律、行政法规、 部门规章、规范性文件和公司章程的规定。 二、监事会会议审议情况 1、审议通过《江苏国泰国际集团股份有限公司 2025 年第三季度报告》，同意 5 票，反对 0 票，弃权 0 票。 经审核，监事会认为董事会编制和审核江苏国泰国际集团股份有限公司 2025 年 第三季度报告的程序符合法律、行政法规和中国证监会的规 ...

| 证券代码：002091 | 证券简称：江苏国泰 | 公告编号：2025-75 | | --- | --- | --- | | 转债代码：127040 | 转债简称：国泰转债 | | 江苏国泰国际集团股份有限公司 第九届董事会第二十三次（临时）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 2、第九届董事会审计委员会 2025 年第五次会议决议。 特此公告。 江苏国泰国际集团股份有限公司 董事会 二〇二五年十月三十一日 本议案详细内容见公司指定信息披露报纸《证券时报》和指定信息披露 网站巨潮资讯网 http://www.cninfo.com.cn《江苏国泰：关于 2025 年中期利润 分配方案的公告》。 三、备查文件 1、经与会董事签字并加盖董事会印章的公司第九届董事会第二十三次 （临时）会议决议； 1、审议通过《江苏国泰国际集团股份有限公司 2025 年第三季度报告》， 同意 9 票，反对 0 票，弃权 0 票。 《江苏国泰国际集团股份有限公司 2025 年第三季度报告》财务报告部分 已经公司董事会审计委员会审议通过。 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥11,006,551,823.04, a decrease of 3.25% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2025 was ¥390,761,276.69, down 1.43% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥356,124,227.83, an increase of 4.60% compared to the same period last year[4]. - Total operating revenue for the period reached CNY 29,644,614,182.66, an increase of 2.03% compared to CNY 29,053,437,248.78 in the previous period[21]. - Net profit for the period was CNY 1,600,039,862.91, representing a growth of 8.63% from CNY 1,473,102,836.11 in the prior year[22]. - The net profit attributable to the parent company was CNY 916,648,562.29, compared to CNY 859,610,284.96 in the prior period, reflecting a growth of approximately 6.5%[23]. - Basic earnings per share increased to CNY 0.57 from CNY 0.55, while diluted earnings per share rose to CNY 0.49 from CNY 0.47[23]. Assets and Liabilities - Total assets as of September 30, 2025, were ¥44,990,360,476.12, a decrease of 0.77% from the end of the previous year[4]. - The company's total assets decreased to CNY 44,990,360,476.12 from CNY 45,341,097,870.26, a decline of 0.78%[20]. - Current liabilities increased to CNY 17,304,984,072.40, compared to CNY 16,166,187,521.46, marking a rise of 7.05%[20]. - Long-term borrowings significantly decreased to CNY 268,630,155.20 from CNY 2,516,289,839.80, a reduction of 89.35%[20]. - The total liabilities decreased to CNY 22,314,225,669.50 from CNY 23,309,953,541.20, reflecting a decline of 4.27%[20]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥1,052,879,454.90, an increase of 28.75%[4]. - Cash flow from operating activities generated a net cash inflow of CNY 1,052,879,454.90, up from CNY 817,741,456.81 in the previous period[26]. - Cash received from the sale of goods and services was CNY 29,207,779,387.99, an increase from CNY 27,162,050,505.34[25]. - The company reported a net cash outflow from investing activities of CNY -2,681,133,983.07, an improvement from CNY -5,656,531,387.08 in the prior period[26]. - Cash and cash equivalents at the end of the period totaled CNY 9,754,816,261.82, down from CNY 11,436,462,765.50 at the end of the previous period[27]. - The company’s cash flow from financing activities resulted in a net outflow of CNY -1,573,388,291.55, worsening from CNY -585,752,685.14 in the prior period[26]. Investment and Shareholder Information - Investment income for the first nine months of 2025 was ¥191,766,025.40, a significant increase of 330.09% compared to the same period in 2024[9]. - The company reported an investment income of CNY 191,766,025.40, compared to CNY 44,587,001.41 in the previous period, showing a substantial increase[22]. - The company reported a 289.06% increase in investment properties, totaling ¥1,560,937,086.09, due to the completion of large infrastructure projects[9]. - Short-term borrowings increased by 381.97% to ¥3,779,458,752.10, primarily to optimize interest rate structure and ensure capital reserves[9]. - The number of ordinary shareholders at the end of the reporting period was 57,643[10]. - The largest shareholder, Jiangsu Guotai International Trade Co., Ltd., holds a 31.99% stake in the company[11]. - The top shareholder, Jiangsu Guotai International Trade Co., Ltd., holds 520,634,425 shares, representing a significant portion of the company's equity[12]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[12]. - The company has confirmed that there are no known relationships among the top ten unrestricted shareholders[12]. Equity and Capital Management - As of September 30, 2025, the company's cash and cash equivalents amounted to RMB 12,414,978,905.07, a decrease from RMB 14,729,827,889.92 at the beginning of the period[18]. - The company's trading financial assets increased to RMB 10,584,266,627.66 from RMB 8,468,422,325.48, reflecting a growth of approximately 25.0%[18]. - Accounts receivable rose to RMB 7,400,174,056.32 from RMB 6,648,951,331.99, indicating an increase of about 11.3%[18]. - The company plans to utilize up to RMB 2.8 billion of temporarily idle funds from the issuance of convertible bonds for cash management within a 12-month period[16]. - As of September 30, 2025, the remaining balance of convertible bonds was RMB 3,986,935,500.00, with a total of 39,869,355 bonds outstanding[14]. - The net proceeds from the issuance of convertible bonds were RMB 454,228.80 million after deducting issuance costs[14]. - The company received approval for the transfer of 100% equity of its controlling shareholder to a state-owned asset management center, which will manage the shareholder rights[15].

| 证券代码：002091 | 证券简称：江苏国泰 | 公告编号：2025-78 | | --- | --- | --- | | 转债代码：127040 | 转债简称：国泰转债 | | 江苏国泰国际集团股份有限公司 关于2025年中期利润分配方案的公告 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。 特别提示： 1、公司2025年中期利润分配方案为：以利润分配方案提交董事会审议前一 交易日的公司总股本1,627,639,679股为基数，向全体股东每10股派发现金股利 1.70元（含税），不送红股，不实施资本公积金转增股本。因公司公开发行的可 转换公司债券处于转股期内，若公司股本总额在分配预案披露后至分配方案实施 期间因新增股份上市、股权激励授予行权、可转债转股、股份回购等事项而发生 变化的，公司2025年中期利润分配按照"现金分红总额固定不变"的原则进行分 配，对每股分配比例进行调整。 2、2024年度股东大会授权董事会制定和实施2025年中期利润分配方案，故 本次利润分配无需提交股东大会审议。 江苏国泰国际集团股份有限公司（以下简称"公司"）于2025年5月 ...

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant daily and year-to-date gains along with dividend yields [1]. Group 1: Stock Performance - Nanshan Aluminum (600219.SH) leads with a daily increase of 10.12% and a year-to-date gain of 21.05%, with a dividend yield of 3.71% [1]. - Chuanheng Co., Ltd. (002895.SZ) follows closely with a daily rise of 10.00% and an impressive year-to-date increase of 44.31%, offering a dividend yield of 4.14% [1]. - Shenhuo Co., Ltd. (000933.SZ) shows a daily increase of 7.38% and a year-to-date performance of 53.35%, with a dividend yield of 3.16% [1]. - Yuntianhua Co., Ltd. (600096.SH) has a daily gain of 7.04% and a year-to-date increase of 42.93%, with a dividend yield of 5.37% [1]. - Tianshan Aluminum (002532.SZ) reports a daily rise of 6.81% and a remarkable year-to-date gain of 79.73%, with a dividend yield of 2.87% [1]. Group 2: Additional Notable Stocks - Mercury Home Textiles (603365.SH) shows a daily increase of 6.43% and a year-to-date performance of 30.72%, with a dividend yield of 4.39% [1]. - Deyue Co., Ltd. (605117.SH) has a daily rise of 4.50% and a year-to-date increase of 37.54%, with a dividend yield of 3.35% [1]. - Yiyi Co., Ltd. (001206.SZ) reports a daily gain of 4.32% and an impressive year-to-date increase of 101.18%, with a dividend yield of 2.59% [1]. - China Foreign Trade (601598.SH) shows a daily increase of 3.32% and a year-to-date performance of 22.11%, with a dividend yield of 4.60% [1]. - COSCO Shipping Energy (600026.SH) has a daily rise of 2.56% and a year-to-date increase of 9.48%, with a dividend yield of 3.02% [1].