Group 1 - Company Announced the convening of the 21st meeting of the 7th Board of Directors on October 20, 2025, via communication methods [1] - The meeting reviewed the "2025 Third Quarter Report" and other documents [1] Group 2 - Industry expert emphasizes the need to shift funding focus from excessive investment in housing and infrastructure to enhancing social welfare [1]

Group 1 - The company reported a revenue of 1.31 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 6.03% [1] - The net profit attributable to shareholders was -46 million yuan, showing a significant year-on-year decline of 213.57% [1] - The basic earnings per share were -0.2156 yuan, which is a decrease of 213.53% compared to the previous year [1]

Core Viewpoint - Anada (002136.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges faced by the company [1] Financial Performance - The company's operating revenue for the first three quarters was 1.31 billion yuan, representing a year-on-year decrease of 6.03% [1] - The net loss attributable to shareholders of the listed company was 46.369 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 51.0461 million yuan [1] - The basic loss per share was 0.2156 yuan [1]

Core Viewpoint - Anada (002136.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges faced by the company [1] Financial Performance - The company's operating revenue for the first three quarters was 1.31 billion yuan, representing a year-on-year decrease of 6.03% [1] - The net loss attributable to shareholders of the listed company was 46.369 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 51.0461 million yuan [1] - The basic loss per share was 0.2156 yuan [1]

Core Insights - Anada (002136.SZ) reported a revenue of 434 million yuan for Q3 2025, representing a year-on-year decline of 4.52% [1] - The net profit attributable to shareholders of the listed company was -20.1012 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -22.9062 million yuan [1]

Core Viewpoint - Anada (002136.SZ) reported a decline in revenue and net profit for the third quarter of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the third quarter was 434 million yuan, representing a year-on-year decrease of 4.52% [1] - The net profit attributable to shareholders of the listed company was -20.1012 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -22.9062 million yuan [1]

二、董事会会议审议情况 证券代码：002136 证券简称：安纳达 公告编号：2025－39 安徽安纳达钛业股份有限公司 第七届董事会第二十一次会议决议公告 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 安徽安纳达钛业股份有限公司（以下简称"公司"）董事会于 2025 年 10 月 16 日以邮件及送达的方式发出召开第七届董事会第二十一次会议通知，2025 年 10 月 20 日，公司以通讯方式召开第七届董事会第二十一次会议。本次应出席 会议参与表决的董事 6 名，实际参加表决的董事 6 名。会议由公司董事长刘军昌 先生主持，公司部分高级管理人员列席会议，本次会议的召集、召开符合《公司 法》和《公司章程》的有关规定。 1 1、会议以 6 票赞成，0 票弃权，0 票反对，审议通过了《2025 年第三季度 报告》。 具体内容详见《证券时报》《中国证券报》、巨潮资讯网（www.cninfo.com.cn） 刊登的《2025 年第三季度报告》。 三、备查文件 经与会董事签字并加盖董事会印章的第七届董事会第二十一次会议决议。 特此公告 安徽安纳达 ...

安纳达公告，2025年前三季度营业收入13.1亿元，同比下降6.03%。净利润亏损4636.9万元，上年同期 净利润4082.71万元。 ...

Financial Performance - The company's revenue for Q3 2025 was ¥434,137,207.12, representing a 4.52% increase year-over-year, while the year-to-date revenue decreased by 6.03% to ¥1,310,067,519.22[5] - The net profit attributable to shareholders for Q3 2025 was -¥20,101,237.27, a significant decline of 357.02% compared to the same period last year, with a year-to-date net profit of -¥46,369,038.84, down 213.57%[5] - The basic and diluted earnings per share for Q3 2025 were both -¥0.0935, reflecting a decrease of 356.10% year-over-year[5] - The operating profit for Q3 2025 was -¥82,589,977.43, a drastic decline of 592.15% compared to the same period last year, indicating significant challenges in profitability[9] - Total operating revenue for the third quarter was ¥1,310,067,519.22, a decrease of 6.0% compared to ¥1,394,167,436.60 in the previous year[21] - Net profit for the quarter was a loss of ¥67,666,809.15, contrasting with a profit of ¥18,782,111.88 in the previous year[22] - The total comprehensive income amounted to -67,666,809.15, a significant decrease from 18,782,111.88 in the prior period[23] Assets and Liabilities - Total assets as of September 30, 2025, were ¥2,049,190,198.61, a decrease of 2.28% from the end of the previous year[5] - Accounts receivable increased to ¥327,128,763.83 from ¥262,074,544.19, indicating a rise of 24.8%[18] - Inventory decreased to ¥214,469,972.66 from ¥237,869,967.28, a decline of 9.8%[18] - Current assets totaled ¥1,065,287,149.32, down from ¥1,203,101,613.10, reflecting a decrease of 11.5%[18] - Total liabilities increased to ¥739,010,158.91 from ¥722,439,032.99, marking a rise of 2.0%[18] Cash Flow - The company's cash flow from operating activities showed a year-to-date net outflow of -¥118,046,345.62, which is an improvement of 16.04% compared to the previous year[5] - Operating cash inflow for the current period was $997.64 million, an increase of 15.67% compared to the previous period's $862.49 million, driven by a 14.75% growth in cash received from sales[10] - Operating cash outflow increased to $1,115.69 million, up 11.23% from $1,003.08 million in the previous period, influenced by a 14.32% rise in cash payments[10] - Net cash flow from operating activities was -$118.05 million, an improvement of 16.04% from -$140.59 million in the previous period[10] - Investment cash inflow decreased by 30.97% to $4.59 million from $6.66 million, primarily due to a decline in cash received from investment activities[10] - Investment cash outflow dropped significantly by 52.86% to $10.73 million from $22.75 million, reflecting reduced cash payments for fixed assets and other long-term assets[10] - Net cash flow from investing activities improved by 61.91%, reaching -$6.13 million compared to -$16.10 million in the previous period[10] - Financing cash inflow surged by 742.40% to $84.24 million from $10 million, mainly due to increased borrowings[11] - Financing cash outflow rose by 98.82% to $115.13 million from $57.91 million, attributed to higher debt repayments[11] - Net cash flow from financing activities improved by 35.52%, totaling -$30.89 million compared to -$47.91 million in the previous period[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,633, with no preferred shareholders[13] Research and Development - Research and development expenses were ¥35,790,266.96, down from ¥42,445,857.08, a decrease of 15.5%[22] Future Guidance - The company has not provided specific guidance for future performance or new product developments in this report[21]

Group 1 - The core viewpoint of the news is that Anada's stock has shown fluctuations in price and trading volume, with a current market value of 2.316 billion yuan and a year-to-date price increase of 10.46% [1] - As of September 20, the number of shareholders for Anada has decreased by 5.85% to 23,800, while the average circulating shares per person increased by 6.21% to 9,018 shares [2] - Anada's main business revenue composition includes 65.61% from titanium dioxide, 30.65% from iron phosphate, and 3.74% from other products [1] Group 2 - For the first half of 2025, Anada reported an operating income of 876 million yuan, a year-on-year decrease of 10.51%, and a net profit attributable to shareholders of -26.27 million yuan, a year-on-year decrease of 158.08% [2] - Since its A-share listing, Anada has cumulatively distributed cash dividends amounting to 194 million yuan, with 64.56 million yuan distributed over the past three years [3] - The stock has experienced a recent decline of 1.64% over the last five trading days and a 1.46% decline over the last 20 days [1]