Financial Performance - In the first three quarters of 2025, the company achieved revenue of CNY 8.188 billion, a year-on-year increase of 6.34% [3] - The revenue for Q3 2025 was CNY 2.685 billion, remaining flat year-on-year [3] - The net profit attributable to shareholders was CNY 420 million, a year-on-year decrease of 23.86% [3] - The non-recurring net profit was CNY 396 million, down 26.58% year-on-year [3] - The gross profit margin for the first three quarters was 21.98%, a decrease of 1.73 percentage points year-on-year [3] Cost and Investment - Period expenses increased by CNY 211 million, a growth of 17.94%, mainly due to strategic investments [4] - The increase in expenses included CNY 77 million for stock incentives and employee shareholding plans [4] - The company is focusing on technology R&D and new business layouts, particularly in digital energy, AI, and robotics [4] Market and Business Strategy - The company is implementing a "components + complete machine" dual-engine strategy to strengthen partnerships with leading clients [2] - Digital energy is in a critical market expansion phase, with new products receiving validation and orders in Europe and Asia-Pacific [2] - The smart automotive sector continues to grow rapidly, leveraging technological advantages and customer loyalty [2] Challenges and Outlook - The company faces short-term pressure on profits due to external environment factors, strategic investments, and stock incentive costs [3] - The impact of tariffs on demand is minimal, but they affect delivery and cost structures [5] - As overseas production capacity increases, revenue is expected to recover [5] New Business Developments - The digital energy sector is expected to accelerate growth, with high unit prices anticipated to surpass tools and home appliances [8] - The smart automotive business is gaining momentum, with products like charging stations and laser radar motors showing strong market presence [8] - Robotics is a strategic focus, with products like cooking robots entering mass delivery stages [8] Future Prospects - The company aims to enhance revenue and profitability through strategic cooperation with global leading clients [12] - The release of overseas production capacity and improved operational efficiency are expected to drive growth [12] - The company is committed to focusing on core technologies and expanding into new application scenarios [12]

Group 1 - The core viewpoint of the news is that TuoBang Co., Ltd. (002139.SZ) reported a decrease in institutional holdings in its third-quarter report for 2025, with a total of 8 institutional investors holding 87.4651 million shares, representing 7.01% of the total share capital, a decline of 0.88 percentage points from the previous quarter [1] Group 2 - In the public fund sector, there were 4 public funds that increased their holdings compared to the previous period, with a total increase of 0.73% [2] - There were 2 public funds that reduced their holdings, showing a slight decline [2] - A total of 236 public funds did not disclose their holdings this period, including several notable funds [2] - In terms of foreign investment, there was 1 foreign fund that increased its holdings, accounting for an increase of 0.20% [2]

Summary of TuoBang Co., Ltd. Conference Call Company Overview - **Company**: TuoBang Co., Ltd. - **Date**: October 27, 2025 - **Industry**: Digital Energy, Smart Automotive, Robotics Key Points Business Strategy - TuoBang adheres to a "whole machine + components" dual-engine strategy, focusing on product innovation and global expansion to navigate complex external environments and trade conflicts [2][4][22] - The company is adjusting its digital energy business to concentrate on advantageous categories, accelerating the incubation and growth of new businesses such as smart automotive and robotics [2][4] Financial Performance - For the first three quarters of 2025, TuoBang reported revenue of 8.188 billion yuan, a year-on-year increase of 6.34%, while net profit attributable to shareholders was 420 million yuan, a decline of 24% due to external factors, new business investments, and stock incentive costs [2][6] - In Q3 2025, the company achieved revenue of 2.685 billion yuan, remaining flat year-on-year, but profits were pressured by external conditions and new business investments [5][6] Global Operations - The company is transferring overseas production capacity due to trade wars, with a factory in Vietnam expected to be operational in the first half of 2026, which will enhance order-taking capacity and operational efficiency [2][7][9] - Current overseas production capacity utilization is between 70% and 80%, with sales scale around 2 billion yuan [10] New Business Development - The digital energy sector is in a critical market expansion phase, with smart automotive and robotics businesses expected to grow significantly, potentially reaching a scale of 10 billion yuan, outpacing the company's average growth rate [4][11] - The robotics business accounted for approximately 5% of total revenue in 2024, with expectations for significant growth in the coming years [12] Market Trends and Opportunities - The A-share market is currently in a technology bull market, with TuoBang positioned as a leading player in its niche, benefiting from global operations and competitive advantages [3] - The company is embracing AI and other cutting-edge technologies, with expectations for the whole machine business to start contributing to performance in 2026 [8][22] Challenges and Risks - Recent gross margin fluctuations are influenced by tariff policy adjustments and increased industry competition, with margins historically ranging from 22% to 24% [13] - The company has temporarily abandoned some low-margin orders to prioritize high-margin ones due to limited current capacity [7] Future Outlook - TuoBang anticipates that the new production capacity from the Vietnam factory will contribute to growth and operational efficiency starting in 2026 [9][21] - The company aims to maintain rapid growth through the integration of AI technologies and the expansion of its core business areas, including home appliances and tools [22][23] Conclusion - TuoBang's strong fundamentals, rapid growth in new businesses, and strategic focus on AI integration position it well for future success, with expectations for revenue and profit recovery as new capacities come online and market conditions stabilize [22][23]

Group 1 - The core viewpoint of the article is that拓邦股份 (002139.SZ) reported a mixed performance in its third-quarter results, with revenue growth but a significant decline in net profit [1] Group 2 - The company achieved a revenue of 8.188 billion yuan in the first three quarters, representing a year-on-year increase of 6.34% [1] - The net profit attributable to shareholders of the listed company was 420 million yuan, showing a year-on-year decrease of 23.86% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 396 million yuan, reflecting a year-on-year decline of 26.58% [1]

Core Insights - The company reported a revenue of 8,187,587,871.70 yuan for the first three quarters, representing a year-on-year increase of 6.34% [1] - The net profit attributable to shareholders decreased by 23.86% to 420,455,214.01 yuan compared to the same period last year [1] - A new shareholder, China Merchants Bank Co., Ltd. - Huaxia CSI 1000 ETF, has entered the list of top ten circulating shareholders [1]

Core Insights - The company reported a revenue of 81.876 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 6.34% [1] - The net profit attributable to shareholders decreased to 420 million yuan, reflecting a year-on-year decline of 23.86% [1] - Basic earnings per share were 0.34 yuan, down 22.73% compared to the previous year [1]

第一条 为规范深圳拓邦股份有限公司（以下简称"公司"）的信息披露暂缓 与豁免行为，确保公司依法合规履行信息披露义务，保护投资者的合法权益，根 据《中华人民共和国证券法》、《上市公司信息披露管理办法》、《上市公司信 息披露暂缓与豁免管理规定》、《深圳证券交易所股票上市规则》、《深圳证券 交易所上市公司自律监管指引第1号——主板上市公司规范运作》、《深圳拓邦 股份有限公司章程》（以下简称"《公司章程》"）等规定，特制定本制度。 第二条 公司和相关信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证监会和深圳证券交易所规定或者要求披露的内容，适 用本制度。 第三条 公司和相关信息披露义务人应当真实、准确、完整、及时、公平地 披露信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实 施内幕交易、操纵市场等违法行为。 第四条 公司和相关信息披露义务人应当审慎确定信息披露暂缓、豁免事项， 履行内部审核程序后实施。 第二章 暂缓、豁免披露信息范围及方式 深圳拓邦股份有限公司 信息披露暂缓与豁免管理制度 深圳拓邦股份有限公司 信息披露暂缓与豁免管理制度 （2025年10月） 第一章 总则 ...

深圳拓邦股份有限公司 财务管理制度 （2025 年 10 月） 第一章 总则 深圳拓邦股份有限公司 财务管理制度 第一条 为了规范深圳拓邦股份有限公司（以下简称"公司"）的会计核算和 财务行为，加强公司财务管理，有效地防范财务风险，确保公司的各项具体财 务核算及其管理工作制度化，真实、准确、完整地提供会计信息，以保护公司 及其相关方的合法权益。依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国会计法》、《企业会计准则》、《企业财务通则》、《会计基础工 作规范》、《深圳拓邦股份有限公司章程》（以下简称"《公司章程》"）及国家其 他有关法律和法规，结合本公司实际情况，制定本财务管理制度。 第二条 本制度是公司财务管理的基本行为规范，适用于公司及其所属公司。 本制度所称"所属公司"是指公司直接或间接的全资子公司、控股子公司、分公 司。公司及所属公司财务部门可以结合自身具体情况，在本制度框架内建立和 健全相应的财务管理实施细则。 第三条 公司的一切财务活动必须遵守国家相关法律、法规、《公司章程》 及本制度的规定，正确处理、如实反映财务状况和经营成果，依法计算并缴纳 各项税收，接受股东会、董事会 ...

深圳拓邦股份有限公司 董事会提名委员会议事规则 深圳拓邦股份有限公司 董事会提名委员会议事规则 （2025年10月修订） 第一章 总则 第一条 为完善公司治理结构，规范公司董事及高级管理人员（以下简称"高 管"）的产生，根据《中华人民共和国公司法》（以下简称"公司法"）、《上市 公司治理准则》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等有关法律法规、部门规章、规范性文件和《深圳拓邦股份有限 公司章程》（以下简称"公司章程"）的有关规定，结合公司实际情况，制定本规 则。 第二条 提名委员会为董事会下设的专门委员会，对董事会负责，并按照《公 司章程》和董事会授权履行职责，提名委员会的提案应当提交董事会审议决定。 第三条 提名委员会负责研究董事、高管的选择标准和程序并提出建议；遴 选合格的董事和高管的人选；对董事人选和高管人选进行审查并提出建议。 第四条 本规则所称高管是指董事会聘任的总经理、副总经理、财务总监、 董事会秘书等高级管理人员。 第二章 提名委员会委员 第六条 提名委员会委员由董事长提名，由董事会选举产生。委员会设召集 人一名，由董事长提名一名独立董事担任并由董事会审议 ...

深圳拓邦股份有限公司 股东会议事规则 第二条 公司应当完善股东会运作机制，平等对待全体股东，保障股东依法 享有的知情权、查询权、分配权、质询权、建议权、股东会召集权、提案权、提 名权、表决权等权利，积极为股东行使权利提供便利，切实保障股东特别是中小 股东的合法权益。 深圳拓邦股份有限公司 股东会议事规则 （2025年10月） 第一章 总则 第一条 为保障股东合法权益，保证公司股东会依法行使职权，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司治理准则》、《上市公司股东会规则》、《深 圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）、《深圳证券交 易所上市公司自律监管指引第1号——主板上市公司规范运作》（以下简称"《规 范运作指引》"）等有关法律法规、部门规章、规范性文件和《深圳拓邦股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，制定本规则。 公司应当积极采用累积投票、网络投票等方式，为股东特别是中小股东参加 股东会及行使表决权提供便利。 第三条 股东会是公司的权力机构。公司应当严格按照《公司法》、《证券 法》、《公 ...