证券代码：002127 证券简称：南极电商 公告编号：2025-054 南极电商股份有限公司 关于公司控股股东、实际控制人部分股份质押延期购回的公告 注：本次质押股份不存在负担重大资产重组等业绩补偿义务。 2、股东股份累计质押情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： | 股东 | 持股 | 持股 | 本次质押前质 | 本次质押后质 | 占其所持 | 占公司总 | 已质押股份情况 已质押股份 | 占已质 | 未质押股份情况 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 数量 （股） | 比例 | 押股份数量 （股） | 押股份数量 （股） | 股份比例 | 股本比例 | 限售和冻结、 | 押股份 | 限售和冻结 | 占未质 押股份 | | | | | | | | | 标记数量 | 比例 | 数量（股） | 比例 | | 张玉祥 | 612,159,216 | 24.94% | 286,570,000 | 286,570,000 | 46.81% | 11.67% ...

Core Viewpoint - The company, Nanji E-commerce, is addressing investor concerns regarding its declining stock price and the stability of its main revenue source, the mobile internet media advertising business, which has a low gross margin of around 5% [1] Group 1: Business Performance - The mobile internet media advertising business has maintained a low gross margin of approximately 5%, raising questions about its profitability stability [1] - The company is actively optimizing traditional business lines and restructuring to reduce costs and improve efficiency [1] Group 2: Future Strategy - The company plans to deepen penetration in vertical industries while expanding into emerging industry opportunities, focusing on providing precise and effective advertising services to clients [1] - The company has outlined a strategy to gradually open up domestic and international market opportunities through its Apple business line by 2025 [1] Group 3: Risk Disclosure - The company has confirmed that it complies with legal disclosure requirements and does not have any undisclosed significant risks that could impact its operations, such as large goodwill impairments or termination of important partnerships [1]

Market Overview - On October 31, the internet e-commerce sector rose by 2.4%, led by JiaoDian Technology [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] Stock Performance - JiaoDian Technology (002315) closed at 47.35, up 7.83% with a trading volume of 180,800 shares [1] - Xinghui Co., Ltd. (300464) closed at 7.36, up 5.14% with a trading volume of 390,000 shares [1] - Yiwan Yichuang (300792) closed at 30.53, up 4.48% with a trading volume of 128,300 shares [1] - Other notable performers include Nanji E-commerce (002127) up 3.82% and Liren Lizhuang (605136) up 3.77% [1] Capital Flow - The internet e-commerce sector saw a net inflow of 80.17 million yuan from institutional investors, while retail investors contributed a net inflow of 11 million yuan [2] - However, speculative funds experienced a net outflow of 190 million yuan [2] Individual Stock Capital Flow - JiaoDian Technology had a net outflow of 45.58 million yuan from institutional investors, while retail investors contributed a net inflow of 29.81 million yuan [3] - Guolian Co., Ltd. (603613) saw a net inflow of 22.78 million yuan from institutional investors [3] - Yiwan Yichuang experienced a net inflow of 21.93 million yuan from institutional investors [3]

Core Viewpoint - Antarctic E-commerce (002127.SZ) reported a decline in institutional ownership in its third-quarter report for 2025, with a total of 7 institutional investors holding 284 million shares, representing 11.55% of the total share capital, a decrease of 2.47 percentage points from the previous quarter [1] Institutional Investors - A total of 7 institutional investors disclosed their holdings in Antarctic E-commerce, with a combined shareholding of 284 million shares, accounting for 11.55% of the total share capital [1] - The institutional investors include various entities such as the company's employee stock ownership plan, Wujiang Xinmin Industrial Investment Co., Shanghai Fengnan Investment Center, Hong Kong Central Clearing Limited, Guangzhou Haomeng Computer Technology Co., National Social Security Fund 117 Portfolio, and China Merchants Bank's Southern CSI 1000 ETF [1] - The institutional ownership percentage decreased by 2.47 percentage points compared to the previous quarter [1] Public Funds - In this period, 150 public funds were disclosed, including notable funds such as Shenwan Hongyuan New Economy Mixed A, Southern CSI 1000 ETF, BlackRock China New Horizons Mixed A, Shenwan Hongyuan Letong Mixed A, and Shenwan Hongyuan Lexiang Mixed A [1] Social Security Fund - One new social security fund disclosed its holdings in Antarctic E-commerce, specifically the National Social Security Fund 117 Portfolio, while one previously undisclosed fund, the National Social Security Fund 107 Portfolio, was also noted [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings in Antarctic E-commerce by 0.15% compared to the previous period [1]

Core Insights - The company, Nanji E-commerce, reported a revenue of approximately 1.991 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 17.29% [1] - The net profit attributable to shareholders was around 42.79 million yuan, down 21.09% year-on-year [1] - Basic earnings per share were 0.018 yuan, reflecting a decline of 20.35% compared to the previous year [1] Financial Performance - Revenue for the first three quarters: approximately 1.991 billion yuan, down 17.29% year-on-year [1] - Net profit attributable to shareholders: approximately 42.79 million yuan, down 21.09% year-on-year [1] - Basic earnings per share: 0.018 yuan, down 20.35% year-on-year [1]

Core Viewpoint - The company reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved operating revenue of 1.991 billion yuan, representing a year-on-year decrease of 17.29% [1] - The net profit attributable to shareholders of the listed company was 42.7931 million yuan, down 21.09% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.2428 million yuan, reflecting a significant decline of 87.76% year-on-year [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥637,112,520.67, a decrease of 25.02% compared to the same period last year[5] - The net profit attributable to shareholders was ¥29,172,381.03, down 21.09% from ¥42,793,069.40 in the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥15,972,985.48, a significant drop of 87.76% compared to the previous year[5] - Total operating revenue decreased to ¥1,990,573,635.16 from ¥2,406,571,226.37, representing a decline of approximately 17.2% year-over-year[32] - Net profit for the period was ¥42,922,730.10, down from ¥50,732,493.77, reflecting a decrease of approximately 15.4% year-over-year[33] - The net profit attributable to the parent company's shareholders for the current period is ¥42,793,069.40, compared to ¥54,226,915.15 in the previous period, reflecting a decrease of approximately 21.1%[34] - The total comprehensive income for the current period is ¥42,922,730.10, down from ¥50,732,493.77 in the previous period, indicating a decline of about 15.4%[34] - The basic and diluted earnings per share for the current period are both ¥0.018, compared to ¥0.0226 in the previous period, representing a decrease of approximately 20.5%[34] Assets and Liabilities - Total assets as of September 30, 2025, were ¥4,835,044,860.12, representing a decrease of 4.98% from the end of the previous year[7] - The company's total assets decreased to ¥4,835,044,860.12 from ¥5,088,393,218.30, a decline of about 4.9%[30] - Total liabilities decreased to ¥669,795,906.34 from ¥880,451,487.38, a reduction of approximately 24%[30] - The total equity attributable to shareholders decreased to ¥4,171,769,194.87 from ¥4,214,591,632.71, a decline of about 1%[30] Cash Flow - The company reported a cash flow deficit from operating activities of ¥428,086,082.88 year-to-date[5] - The net cash flow from operating activities for the current period is -¥428,086,082.88, slightly improved from -¥441,510,440.76 in the previous period[36] - Cash inflow from operating activities totaled ¥2,531,204,522.00, down from ¥2,765,569,917.40 in the previous period, a decrease of about 8.5%[36] - Cash outflow from operating activities was ¥2,959,290,604.88, compared to ¥3,207,080,358.16 in the previous period, showing a reduction of approximately 7.7%[36] - The net cash flow from investing activities is -¥449,551,418.60, an improvement from -¥613,037,868.39 in the previous period[36] - The total cash and cash equivalents at the end of the period is ¥570,373,909.84, compared to ¥525,104,536.05 at the end of the previous period, indicating an increase of about 8.6%[37] - The company reported cash inflow from investment activities of ¥4,640,549,565.60, up from ¥3,288,393,106.16 in the previous period, reflecting an increase of approximately 41.2%[36] - The cash outflow from financing activities for the current period is ¥104,945,001.68, compared to ¥199,191,289.37 in the previous period, indicating a decrease of about 47.3%[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 97,947[21] - Zhang Yuxiang holds 24.94% of shares, totaling 612,159,216 shares, with 286,570,000 shares pledged[21] Management and Governance - The company has revised its articles of association, eliminating the supervisory board and transferring its powers to the audit committee of the board of directors[26] Expenses - The company’s management expenses decreased by 37.15% year-on-year to ¥55,116,500[16] - Research and development expenses remained stable at ¥12,327,902.03 compared to ¥12,002,650.94 in the previous period, indicating a slight increase[33] Financial Investments - The fair value change income increased by 1,803.93% year-on-year to ¥24,755,200, primarily due to changes in fund investments[17] - The company reported a financial asset fair value gain of ¥24,755,165.07 compared to a gain of ¥1,300,214.32 in the previous period[33] Future Plans - The company plans to increase the guarantee limit for its wholly-owned subsidiary's advertising business by 100 million RMB, adjusting the total guarantee amount to no more than 300 million RMB[24]

Market Overview - On October 23, the internet e-commerce sector declined by 0.48%, with Qingmu Technology leading the drop [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 - Notable gainers in the internet e-commerce sector included: - Xinjinda (300518) with a closing price of 13.52, up 3.84% on a trading volume of 109,600 shares and a turnover of 146 million yuan [1] - Jiaodian Technology (002315) closed at 44.40, up 2.94% with a trading volume of 58,500 shares and a turnover of 255 million yuan [1] - Conversely, significant decliners included: - Yumu Technology (301110) which fell by 6.88% to a closing price of 70.49 with a trading volume of 55,000 shares and a turnover of 38.7 million yuan [2] - Yiwan Yichuang (300792) decreased by 3.52% to 29.34, with a trading volume of 129,700 shares and a turnover of 379 million yuan [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 28.67 million yuan from institutional investors and 45.72 million yuan from speculative funds, while retail investors saw a net inflow of 74.39 million yuan [2] - Detailed capital flow for selected stocks showed: - Xinjinda (300518) had a net outflow of 21.82 million yuan from institutional investors [3] - Jiaodian Technology (002315) saw a net inflow of 18.16 million yuan from institutional investors [3] - Qingmu Technology (301110) had a net inflow of 14.98 million yuan from institutional investors [3]

Core Viewpoint - A new company, Shanghai Huguang Times Cultural Creative Co., Ltd., has been established, focusing on cultural and creative services, with shared ownership involving Nanjing E-commerce Co., Ltd. [1] Company Summary - The legal representative of the newly established company is Hu Jiamin [1] - The business scope includes artistic creation, brand management, organizing cultural and artistic exchange activities, and digital content production services (excluding publishing and distribution) [1] - The company is co-owned by Nanjing E-commerce (stock code: 002127) among others [1]

Group 1 - The company *ST Fanli held its 12th meeting of the 10th board of directors on October 20, 2025, to discuss the proposal for the first extraordinary shareholders' meeting of 2025 [1] - The meeting took place in the company's conference room [1] Group 2 - The article emphasizes the need to shift funding focus from excessive investment in housing and infrastructure to enhancing investments in the livelihood sector [1]