Core Viewpoint - Ningbo Dongli's stock price has shown significant volatility, with a year-to-date increase of 163.67%, but a recent decline of 16.81% over the past 20 days, indicating potential market fluctuations and investor sentiment changes [1][2]. Financial Performance - For the period from January to September 2025, Ningbo Dongli achieved a revenue of 1.115 billion yuan, representing a year-on-year growth of 2.90%. The net profit attributable to shareholders was 58.4556 million yuan, reflecting a substantial increase of 36.83% compared to the previous year [2]. - Cumulatively, since its A-share listing, Ningbo Dongli has distributed a total of 191 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of October 10, 2025, the number of shareholders for Ningbo Dongli reached 49,800, an increase of 0.41% from the previous period. The average number of circulating shares per shareholder decreased by 0.41% to 9,629 shares [2]. - Notably, as of September 30, 2025, new institutional shareholders include Guangfa Innovation Upgrade Mixed Fund, which holds 13.5591 million shares, and Guangfa Growth Start Mixed A Fund, holding 3.6848 million shares [3]. Stock Market Activity - On October 30, 2025, Ningbo Dongli's stock price fell by 2.00% to 13.21 yuan per share, with a trading volume of 152 million yuan and a turnover rate of 2.36%. The total market capitalization stood at 7.03 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on September 9 [1].

Core Insights - Ningbo Dongli (002164.SZ) reported its Q3 2025 results, revealing that institutional investors hold a total of 162 million shares, accounting for 30.41% of the company's total equity [1] - The proportion of shares held by institutional investors increased by 3.43 percentage points compared to the previous quarter [1] Institutional Holdings - A total of six institutional investors disclosed their holdings in Ningbo Dongli, including Dongli Holdings Group, Industrial and Commercial Bank of China - GF Innovation Upgrade Flexible Allocation Mixed Securities Investment Fund, and UBS AG [1] - Three new public funds were disclosed this quarter, including GF Innovation Upgrade Mixed and GF Growth Start Mixed A [1] - Six public funds were not disclosed this quarter, including Dongfanghong CSI Advantage Growth Index Initiation A and Southern CSI 2000 ETF [1] Foreign Investment - One foreign fund, UBS AG, increased its holdings this quarter, with an increase percentage of 0.17% [1]

Financial Performance - The company reported a net profit attributable to shareholders increased by 36.83% compared to the same period last year, primarily due to an increase in product gross margin [13] - The net profit excluding non-recurring gains and losses also saw a rise of 35.89% year-on-year [13] - Basic earnings per share, diluted earnings per share, and weighted average return on equity all increased, reflecting the growth in net profit [13] Key Financial Data - The company disposed of subsidiary equity, generating an investment income of 1,025,222.11 yuan during the reporting period [4] - A provision for impairment of long-term equity investments was made, amounting to -2,821,765.64 yuan [4] - The total of the above non-recurring gains and losses amounted to -1,796,543.53 yuan, which is considered incidental and not directly related to normal business operations [4] Changes in Financial Metrics - Accounts receivable increased by 49.24% compared to the beginning of the year, attributed to a higher year-end collection ratio [5] - Other receivables rose by 187.26%, mainly due to an increase in bid deposits [6] - Contract liabilities decreased by 31.35%, primarily due to revenue recognition upon contract completion [10] Asset and Liability Changes - Long-term equity investments decreased by 100% due to the disposal of such investments during the reporting period [6] - Non-current liabilities due within one year increased by 576.20%, mainly due to an increase in long-term borrowings maturing within one year [11] - Deferred income increased by 77.64%, attributed to an increase in government subsidies related to assets [12]

Core Insights - Ningbo Dongli (002164.SZ) reported a revenue of 1.115 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.90% [1] - The net profit attributable to shareholders of the listed company reached 58.4556 million yuan, marking a year-on-year increase of 36.83% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 54.9206 million yuan, reflecting a year-on-year growth of 35.89% [1]

Core Viewpoint - Ningbo Dongli (002164.SZ) reported a revenue of 1.115 billion yuan for the first three quarters, reflecting a year-on-year growth of 2.90% [1] - The net profit attributable to shareholders reached 58.4556 million yuan, marking a significant year-on-year increase of 36.83% [1] - The net profit after deducting non-recurring gains and losses was 54.92 million yuan, which is a year-on-year growth of 35.89% [1] Financial Performance - Revenue for the first three quarters: 1.115 billion yuan, up 2.90% year-on-year [1] - Net profit attributable to shareholders: 58.4556 million yuan, up 36.83% year-on-year [1] - Net profit after deducting non-recurring gains: 54.92 million yuan, up 35.89% year-on-year [1]

Core Insights - The company reported a third-quarter revenue of 381 million yuan, a year-on-year decrease of 0.53% [1] - The net profit for the third quarter was 27.88 million yuan, showing a year-on-year increase of 30.05% [1] - For the first three quarters, the company achieved a revenue of 1.115 billion yuan, reflecting a year-on-year growth of 2.90% [1] - The net profit for the first three quarters was 58.46 million yuan, representing a year-on-year increase of 36.83% [1] Financial Performance - Third-quarter revenue: 381 million yuan, down 0.53% year-on-year [1] - Third-quarter net profit: 27.88 million yuan, up 30.05% year-on-year [1] - Year-to-date revenue: 1.115 billion yuan, up 2.90% year-on-year [1] - Year-to-date net profit: 58.46 million yuan, up 36.83% year-on-year [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥380,637,842.08, a decrease of 0.53% compared to the same period last year[5]. - Net profit attributable to shareholders increased by 30.05% year-on-year to ¥27,879,342.87, while the net profit excluding non-recurring gains and losses rose by 5.07% to ¥23,381,341.91[5]. - The basic and diluted earnings per share both increased by 25% to ¥0.05[5]. - Total operating revenue for the current period reached ¥1,115,101,110.73, an increase of 2.9% compared to ¥1,083,700,090.31 in the previous period[18]. - Net profit for the current period was ¥58,343,354.70, representing a 36.4% increase from ¥42,810,240.65 in the previous period[19]. - Earnings per share (EPS) for the current period was ¥0.11, up from ¥0.08 in the previous period[20]. - The total comprehensive income for the current period was ¥59,029,013.94, compared to ¥42,810,240.65 in the previous period[20]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,535,587,773.08, reflecting a 7% increase from the end of the previous year[5]. - Total current assets amount to 1,240,511,438.12 CNY, an increase from 1,154,734,918.02 CNY at the beginning of the period[14]. - Total assets amount to 2,535,587,773.08 CNY, compared to 2,369,628,065.93 CNY at the beginning of the period[15]. - Total current liabilities amount to 949,304,435.46 CNY, an increase from 914,553,238.65 CNY at the beginning of the period[15]. - Total non-current liabilities include long-term borrowings of 99,275,800.00 CNY, up from 49,600,000.00 CNY at the beginning of the period[15]. - The company has a total of 1,295,076,334.96 CNY in non-current assets, an increase from 1,214,893,147.91 CNY at the beginning of the period[15]. - The total liabilities amounted to ¥1,102,519,740.91, an increase from ¥993,997,092.86 in the previous period[16]. - The total equity attributable to shareholders of the parent company increased to ¥1,432,472,539.73, compared to ¥1,373,331,326.99 in the previous period[16]. Cash Flow - The company's cash flow from operating activities showed a decline of 24.77% year-to-date, totaling ¥46,010,536.78[5]. - Cash flow from operating activities increased to ¥594,430,476.99, compared to ¥498,246,868.53 in the previous period, reflecting a growth of 19.3%[21]. - The net cash flow from operating activities was $46,010,536.78, a decrease from $61,156,572.15[22]. - The net cash flow from investing activities was -$147,215,417.83, compared to -$58,394,640.73 in the previous period[22]. - Cash inflow from financing activities totaled $277,175,800.00, slightly up from $275,000,000.00[22]. - The net cash flow from financing activities improved to $62,012,177.85 from a negative $107,033,739.41[22]. - The ending cash and cash equivalents balance was $164,280,551.21, significantly higher than $78,359,535.27 in the previous period[22]. - The company received $40,500,000.00 from investment recoveries during the period[22]. - Total cash outflow for investing activities was $187,900,353.53, compared to $134,727,838.80 previously[22]. - The company paid $202,500,000.00 for debt repayment, down from $374,940,000.00[22]. - The impact of exchange rate changes on cash and cash equivalents was $621,220.36[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 49,620[12]. - The largest shareholder, Dongli Holding Group, holds 26.03% of shares, totaling 138,500,000 shares, with 125,000,000 shares pledged[12]. - The second-largest shareholder, Song Jilong, holds 13.13% of shares, totaling 69,864,628 shares, with 33,000,000 shares pledged[12]. Other Financial Metrics - The gross profit margin improved, contributing to a year-on-year increase of 36.83% in net profit attributable to shareholders[9]. - Accounts receivable increased by 49.24% compared to the beginning of the year, indicating a higher collection ratio at year-end[10]. - The company reported a significant increase of 114.91% in prepayments, primarily due to increased procurement payments[10]. - Long-term borrowings increased by 100.15%, mainly due to new loans for equipment[10]. - Deferred income rose by 77.64%, attributed to an increase in government subsidies related to assets received during the period[10]. - Research and development expenses rose to ¥79,753,612.69, an increase of 30% from ¥61,354,876.87 in the previous period[18]. - Deferred income tax liabilities decreased to ¥2,243,064.31 from ¥3,718,127.80 in the previous period[16]. - The third quarter financial report was not audited[23].

Core Viewpoint - Ningbo Dongli (002164.SZ) will showcase its products at the 2025 Asia International Power Transmission and Control Technology Exhibition, highlighting its advancements in various power control solutions [1][2] Group 1: Company Overview - Ningbo Dongli is the first A-share listed company in China's gear industry and is recognized as a national high-tech enterprise and a national champion demonstration enterprise [1] - The company has a sales network covering all 32 provinces, autonomous regions, and municipalities in China, with exports to Europe, America, Africa, Southeast Asia, and Australia [1] - Ningbo Dongli has established long-term strategic partnerships with numerous Fortune 500 companies, resulting in a stable and high-quality customer base [1] Group 2: Product and Technology - The company will display standard and specialized series of gear motors, reducers, high-efficiency and special electric motors, precision planetary reducers, transmission devices, and online detection technologies at the exhibition [1] - Ningbo Dongli holds 188 patents, including 35 invention patents, showcasing its strong technological innovation capabilities [1][2] - As a leading unit in multiple industry standards, the company ensures high competitiveness and market recognition for its products [2] Group 3: Research and Development - The company plans to increase R&D investment to enhance its technological innovation capabilities, collaborating with renowned institutions through platforms like the national postdoctoral research station and Zhejiang provincial enterprise technology center [2] - It aims to master advanced manufacturing technologies in hard tooth surface gears, high-efficiency motors, modular reducer integration, and intelligent control for medical doors [2] Group 4: Market Trends and Strategies - Benefiting from national policies supporting "new infrastructure," "intelligent manufacturing," and "green manufacturing," the gear and automatic door industries are experiencing new growth opportunities [2] - The company is actively expanding into emerging industries such as environmental protection, enhancing product performance, and promoting intelligent manufacturing to align with industry development trends [2] - Through the implementation of digital factories, Ningbo Dongli is accelerating its smart manufacturing initiatives and plans to further expand its sales network to enhance global market competitiveness [2]

Core Viewpoint - Ningbo Dongli announced on October 13 that as of September 30, 2025, the number of shareholders is expected to reach 49,620 [2] Summary by Category - **Company Information** - Ningbo Dongli has communicated to investors that the projected number of shareholders will be 49,620 by September 30, 2025 [2]

Company Overview - Ningbo Dongli Co., Ltd. is located at No. 1 Yinhai Road, Jiangbei District, Ningbo City, Zhejiang Province, established on June 8, 1998, and listed on August 23, 2007. The company specializes in the manufacturing, processing, and sales of general equipment, including transmission equipment and door control systems. The main revenue composition is as follows: transmission equipment 84.61%, door control systems 13.20%, and others 2.20% [1]. Stock Performance - As of September 30, Ningbo Dongli's stock price decreased by 2.06%, trading at 14.77 CNY per share, with a total market capitalization of 7.86 billion CNY. The stock has increased by 194.81% year-to-date, with a recent decline of 3.84% over the last five trading days, a 16.76% increase over the last 20 days, and a 63.75% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on September 9 [1]. Financial Performance - For the period from January to June 2025, Ningbo Dongli achieved operating revenue of 734 million CNY, representing a year-on-year growth of 4.77%. The net profit attributable to the parent company was 30.58 million CNY, reflecting a significant year-on-year increase of 43.65% [2]. - The total number of shareholders as of July 31 was 56,900, a decrease of 7.52% from the previous period, with an average of 8,437 circulating shares per person, an increase of 8.13% [2]. Dividend Information - Since its A-share listing, Ningbo Dongli has distributed a total of 191 million CNY in dividends. However, there have been no dividend distributions in the past three years [3].