Core Viewpoint - Donghua Technology reported a decline in third-quarter revenue but an increase in net profit, indicating a mixed performance in the latest financial results [1] Financial Performance - The third-quarter revenue was 2.012 billion yuan, a year-on-year decrease of 2.23% [1] - The net profit for the third quarter was 125 million yuan, a year-on-year increase of 15.61% [1] - For the first three quarters, the total revenue reached 6.795 billion yuan, reflecting a year-on-year growth of 5.61% [1] - The net profit for the first three quarters was 365 million yuan, showing a year-on-year increase of 14.97% [1]

东华工程科技股份有限公司 2025 年第三季度报告 证券代码：002140 证券简称：东华科技 公告编号：2025-053 东华工程科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1、董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3、第三季度财务会计报告是否经过审计 □是 否 1 东华工程科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 2,011,618,150.35 | -2.23% | 6 ...

第一章 总 则 第二章 组织机构及职责 第三章 信息披露的内容 第一节 新股和可转换公司债券的发行与上市 第二节 定期报告 第三节 临时报告 第四节 应披露的交易 第五节 应披露的其他重大事件 第六节 涉及各部门及下属公司的信息披露 第七节 涉及控股股东与实际控制人的信息披露 第四章 信息披露工作的管理 第五章 信息披露的程序 第六章 信息披露的媒体 第七章 信息披露的保密 第一节 保密措施 第二节 暂缓与豁免管理 第八章 责任追究 第九章 其他相关事项 第十章 公司信息披露常设机构和联系方式 第十一章 附 则 第二条 本规定适用于公司各部门及下属公司。 信息披露管理规定（2025 版） 目 录 第一章 总 则 第一条 为规范东华工程科技股份有限公司（以下简称"本公司"或"公司"） 的信息披露行为，确保公司信息披露内容的真实、准确、完整，切实维护公司、 股东及投资者的合法权益，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》"）、《上市公司信息披露管理办 法》（以下简称"《管理办法》"）、《上市公司治理准则》、《深圳证券交易所股票上 市规则》（以下简称" ...

| | 第三季度 | | 第三季度 | | | 截至报告期末累计 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 项目 | 新签约订单 | | 中标未签约订单 | | | 已签约未完工订单 | 备注 | | 类型 | 数量 | 金额 | 数量 | 金额 | 数量 | 金额 | | | | (个) | (万元) | (个) | (万元) | (个) | (万元) | | | 设计技术 性服务 | 36 | 12,640.73 | 0 | 0 | 785 | 182,270.57 | 即咨询、 设计项 | | | | | | | | | 目 | | 工程 总承包 | 6 | 60,779.30 | 6 | 552,912.76 | 185 | 4,810,483.20 | 含 EPC+0 等 | | 合计 | 42 | 73,420.03 | 6 | 552,912.76 | 970 | 4,992,753.77 | | 证券代码：002140 证券简称：东华科技 公告编号：2025-056 东华工程科技股份有限公司 2025 年第三季度经营情况简报 ...

Core Insights - Donghua Technology's stock price increased by 2.02% on October 30, reaching 12.10 CNY per share, with a market capitalization of 8.567 billion CNY [1] - The company has seen a year-to-date stock price increase of 24.36%, with notable gains over various trading periods [1] - Donghua Technology's main business includes chemical engineering, environmental governance, and infrastructure projects, with a revenue composition heavily reliant on general contracting [1] Financial Performance - For the first half of 2025, Donghua Technology reported a revenue of 4.784 billion CNY, reflecting a year-on-year growth of 9.29%, and a net profit attributable to shareholders of 240 million CNY, up 14.64% year-on-year [2] - The company has distributed a total of 840 million CNY in dividends since its A-share listing, with 255 million CNY distributed over the past three years [3] Shareholder Structure - As of October 10, 2025, the number of shareholders decreased by 10.83% to 38,700, while the average number of circulating shares per person increased by 12.14% to 14,042 shares [2] - The top circulating shareholders include Hong Kong Central Clearing Limited and Zhongyou Core Advantage Flexible Allocation Mixed A, with notable changes in their holdings [3]

Core Points - The company received a letter of thanks from the villagers of Yujia Bian Village for its contributions to rural revitalization efforts [1] - The company donated 50,000 yuan to purchase 30 solar street lights and repair the cultural square, improving living conditions for the villagers [1] - The newly installed solar street lights have addressed the issue of nighttime travel for villagers, providing convenience and warmth [1] - The renovated cultural square has become an important venue for daily communication and cultural entertainment for the villagers, enriching their spiritual and cultural lives [1] - In addition to infrastructure support, the company is actively promoting local industrial development [3] - In the first half of the year, the company purchased local agricultural products worth 264,700 yuan, encouraging local residents to improve their livelihoods and enhancing product quality and industry chain [3] - The company aims to continue its commitment to corporate social responsibility and contribute to the construction of beautiful rural areas [3]

Investment Rating - The industry investment rating is currently neutral, indicating that the industry is expected to perform in line with the overall market [22]. Core Insights - The fixed asset investment and manufacturing investment growth rates have continued to decline, with a cumulative year-on-year decrease of 0.5% for fixed asset investment from January to September 2025, and a 4.0% year-on-year increase in manufacturing investment, which is a decline of 1.1 percentage points compared to the previous month [3][4]. - Infrastructure investment is under pressure, with a year-on-year growth of 3.3% for total infrastructure investment and 1.1% for infrastructure investment excluding electricity, both showing a decline in growth rates compared to the previous month [4]. - Real estate investment remains low, with a year-on-year decrease of 13.9% from January to September 2025, and construction starts down by 18.9% [10]. Summary by Sections Economic Overview - The GDP growth for the first three quarters of 2025 is reported at 5.2%, with quarterly growth rates of 5.4%, 5.2%, and 4.8% respectively [3]. Infrastructure Investment - Infrastructure investment growth is under pressure, with specific sectors like transportation, water conservancy, and public utilities showing varying degrees of decline [4]. - Eastern regions experienced a year-on-year investment decline of 4.5%, while central and western regions saw a slight increase of 1.5% [4]. Real Estate Investment - Real estate investment has shown a significant decline, with expectations of a slow recovery due to challenges in supply and inventory replenishment [10]. Investment Recommendations - The report suggests that the overall industry is weak, but regional investments may gain traction with the implementation of national strategic layouts. Recommended companies include China Chemical, China Energy Construction, China Railway, and China Railway Construction among others [14].

Investment Rating - The industry investment rating is "Overweight" [2] Core Viewpoints - The economic operation in the first three quarters of 2025 shows steady progress, with fixed asset investment and manufacturing investment growth continuing to decline. The GDP growth rates for Q1, Q2, and Q3 of 2025 are 5.4%, 5.2%, and 4.8% respectively, leading to a cumulative year-on-year fixed asset investment decrease of 0.5% [4][5] - Infrastructure investment is under pressure, with transportation, water conservancy, and public utility investment growth all facing challenges. The total infrastructure investment growth rate (including all categories) is 3.3%, down 2.1 percentage points from the previous month [5] - Real estate investment remains low, with a year-on-year decrease of 13.9% in the first nine months of 2025, indicating a weak recovery in investment [10] Summary by Sections Economic Overview - The GDP growth for the first three quarters of 2025 is 5.2%, with a decline in fixed asset investment and manufacturing investment growth rates [4][5] Infrastructure Investment - Total infrastructure investment growth is 3.3%, with specific sectors like transportation and public utilities showing negative growth [5] Real Estate Investment - Real estate investment has decreased by 13.9% year-on-year, with construction starts and completions showing slight improvements [10] Investment Recommendations - The report suggests that the overall industry is weak, but regional investments may gain flexibility with national strategic layouts. Recommended companies include China Chemical, China Energy Construction, China Railway, and China Railway Construction [14]

Core Viewpoint - A total of 474 stocks reported their latest shareholder numbers as of October 10, with 220 stocks showing a decline compared to the previous period, indicating a trend of decreasing shareholder engagement in certain companies [1][3]. Group 1: Shareholder Changes - Among the 474 companies, 220 reported a decrease in shareholder numbers, with five companies experiencing a decline of over 10% [3]. - ST Meichen had the largest drop in shareholder numbers, decreasing by 18.26% to 58,149 shareholders, while Hengshuai Co. saw a decline of 11.32% to 8,956 shareholders [3][4]. - The average decline in shareholder numbers for the latest concentrated stock group was 1.24% since October 1 [3]. Group 2: Stock Performance - The concentrated stocks monitored from September 30 showed an average decline of 0.87% since September 21, underperforming the Shanghai Composite Index, which rose by 2.52% during the same period [2]. - Among the stocks with a decline in shareholder numbers, Jingquanhua had the highest increase in stock price, rising by 67.47% since September 21 [2][3]. - The top-performing stocks since the concentration period include Jingquanhua, Haima Automobile, and Yiyi Co., with respective increases of 40.96%, 22.68%, and 14.71% [3]. Group 3: Industry Insights - The concentrated stocks are primarily from the machinery, electronics, and computer industries, with 32, 26, and 19 stocks respectively [3]. - The performance of concentrated stocks indicates a mixed outlook across different sectors, with some companies experiencing significant gains despite overall declines in shareholder numbers [2][3].

Summary of Key Points Core Viewpoint - The recent data indicates a significant decline in the number of shareholders for many companies, with 190 out of 417 companies reporting a decrease in shareholder count as of October 10, compared to the previous period [1][4]. Group 1: Shareholder Count Changes - A total of 417 companies disclosed their shareholder counts as of October 10, with 190 showing a decrease compared to September 30 [4]. - The company with the largest decline in shareholder count is Hengshuai Co., with a decrease of 11.32% to 8,956 shareholders [4]. - Donghua Technology reported a 10.83% drop in shareholder count, bringing the total to 38,700 [4]. Group 2: Stock Performance - Among the stocks with a decline in shareholder count, Jingquanhua saw the highest increase in stock price, rising by 52.23% since September 21 [3]. - The average performance of concentrated stocks since October 1 has been a decline of 0.31%, with 29% of these stocks outperforming the Shanghai Composite Index [2][4]. Group 3: Industry Insights - The industries with the most concentrated stocks include machinery, electronics, and computers, with 26, 24, and 16 stocks respectively [4]. - The latest concentrated stocks include Hengshuai Co. (automotive), Donghua Technology (construction decoration), and Huazi Technology (power equipment), all showing varying degrees of stock performance [5].