证券代码：002195 证券简称：岩山科技 公告编号：2025-053 上海岩山科技股份有限公司 第九届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 上海岩山科技股份有限公司（以下简称"公司"）第九届董事会第三次会议于 2025年10月28日以现场及通讯表决相结合的方式在上海市浦东新区环科路1455 号模力社区 T1 公司会议室召开，本次会议通知于 2025 年 10 月 24 日以电子邮件 方式发出。会议应参加审议董事 9 人，实际参加审议董事 9 人，其中独立董事杨 帆先生、独立董事郑中巧先生以通讯方式出席会议并参与表决。公司部分高级管 理人员列席了会议。本次董事会由公司董事长叶可先生召集并主持，会议的召集、 召开程序符合《公司法》和《公司章程》的有关规定，会议合法有效。 全体出席董事审议并通过了以下议案： 一、审议通过《公司 2025 年第三季度报告》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 公司董事认真审议了《公司 2025 年第三季度报告》，认为《公司 2025 年第 三季度报告》的编制和审核程序符合法律、 ...

Group 1 - The core point of the article is that Yanshan Technology (SZ 002195) announced the convening of its ninth board meeting on October 28, 2025, to review the Q3 2025 report and other documents [1] - For the first half of 2025, Yanshan Technology's revenue composition was as follows: Internet information services accounted for 94.58%, artificial intelligence business for 3.01%, and others for 2.41% [1] - As of the report, Yanshan Technology's market capitalization was 44.2 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - The article suggests that a "slow bull" market pattern is emerging [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥149,627,893.13, an increase of 3.51% year-on-year, while the revenue for the year-to-date period decreased by 3.42% to ¥466,437,664.11[5] - Net profit attributable to shareholders for Q3 2025 surged to ¥115,452,556.28, reflecting a significant increase of 2,047.05% year-on-year, with a year-to-date net profit of ¥182,560,105.66, up 331.09%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥125,465,075.21 in Q3 2025, marking a 3,056.21% increase year-on-year, while the year-to-date figure was ¥183,546,374.40, up 595.37%[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.0203, representing a year-on-year increase of 2,155.56%, with year-to-date earnings per share at ¥0.0321, up 328.00%[5] - The total profit for the current period is ¥129,175,323.47, compared to a loss of ¥44,153,425.61 in the previous period, indicating a strong recovery[22] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥10,730,532,703.72, a 2.16% increase from the end of the previous year[5] - The company's total liabilities increased to ¥356,569,250.03 from ¥248,234,483.31, indicating a rise of approximately 43.7%[20] - The company's total equity as of September 30, 2025, was ¥10,373,963,453.69, up from ¥10,255,565,570.70 at the beginning of the period[20] - As of September 30, 2025, total assets amounted to ¥10,730,532,703.72, an increase from ¥10,503,800,054.01 at the beginning of the period[19] Investment Income - The company's investment income from trading financial assets significantly contributed to the net profit growth in Q3 2025[5] - The investment income for the first nine months of 2025 reached ¥455,214,161.24, an increase of 828.17% year-on-year, attributed to the disposal of financial assets[10] - The company reported an investment income of ¥455,214,161.24, a significant increase from ¥49,044,276.14 in the previous period[21] - The net cash received from investment gains reached CNY 412,676,343.49, a staggering increase of 9,324.88% compared to the previous period, primarily due to the disposal of stocks and equity investments[12] Cash Flow - The cash flow from operating activities showed a net outflow of ¥200,734,861.89, worsening from a net outflow of ¥68,556,807.15 in the previous period[24] - The cash flow from investing activities resulted in a net outflow of ¥322,156,437.92, an improvement from a net outflow of ¥736,869,110.42 in the previous period[25] - The cash and cash equivalents decreased to ¥1,207,186,410.58 from ¥1,625,451,811.67, a decline of approximately 25.7%[18] - The cash and cash equivalents at the end of the period stand at ¥1,035,219,889.17, compared to ¥1,011,866,567.79 at the end of the previous period[25] Research and Development - The company’s research and development expenses for the first nine months of 2025 were ¥257,819,114.67, a 55.39% increase compared to the same period in 2024, indicating a focus on innovation[10] - Research and development expenses rose significantly to ¥257,819,114.67, compared to ¥165,916,197.87 in the previous period, reflecting a year-over-year increase of approximately 55.2%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 709,158, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Shanghai Yanhe Technology Partnership, holds 9.77% of the shares, totaling 553,924,434 shares[14] - The company completed a share buyback of 10,989,900 shares, approximately 0.19% of the total share capital, for a total amount of ¥59,999,750.84[17] - The company completed the registration capital change due to the share buyback and issued a new business license on October 21, 2025[17] Other Financial Metrics - The company experienced a 299.07% increase in taxes payable, amounting to ¥58,348,694.19, due to an increase in income tax liabilities during the reporting period[10] - The cash received from the disposal of fixed assets, intangible assets, and other long-term assets amounted to CNY 6,924,440.00, reflecting a 333.66% increase, attributed to the disposal of fixed assets[12] - The cash paid for debt repayment significantly decreased by 99.95% to CNY 24,000.00, due to a reduction in maturing bank loans[12] - The cash paid for dividends, profits, or interest payments dropped by 99.67% to CNY 188,443.77, as there were no dividends paid in the current period[12]

Core Insights - The company reported third-quarter revenue of 150 million, representing a year-over-year increase of 3.51% [1] - Net profit for the third quarter reached 115 million, showing a significant year-over-year growth of 2,047.05% [1] - For the first three quarters, total revenue was 466 million, reflecting a year-over-year decline of 3.42% [1] - Net profit for the first three quarters amounted to 183 million, which is a year-over-year increase of 331.09% [1]

Group 1 - The company, Yanshan Technology, announced the completion of a capital reduction registration change [1] - The registered capital has been reduced from RMB 5,681,544,596 to RMB 5,670,554,696 [1] - The company has obtained a new business license with the unified social credit code 91310000607203699D [1]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 证券代码：002195 证券简称：岩山科技 公告编号：2025-051 上海岩山科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 一、基本情况概述 上海岩山科技股份有限公司（以下简称"公司"）分别于 2025 年 5 月 30 日召 开的第八届董事会第二十次会议、第八届监事会第十六次会议、2025 年 6 月 24 日召开的 2024 年度股东大会均逐项审议通过了《关于回购部分社会公众股份并注 销方案的议案》，同意公司使用自有资金（不低于 2024 年度经审计归属于母公司 股东净利润的 30%）和/或自筹资金（含银行回购专项贷款）以集中竞价交易方式 回购公司部分社会公众股份，本次回购的股份将用于减少公司注册资本，并自回 购完成之日起十日内注销。本次拟回购资金总额不低于人民币 4,000.00 万元（含 此金额，不低于 2024 年度经审计归属于母公司股东净利润的 30%）且不超过人 民币 6,000.00 万元（含此金额），回购价格不超过 8.28 元/股。具体内容详见公司 在《中国证券报》《上海证券 ...

Core Insights - The brain-computer interface sector saw a rise of 2.81%, ranking fifth among concept sectors, with 40 stocks increasing in value, including notable gains from companies like Innovation Medical, which hit the daily limit, and others such as Beikang and Dineke, which rose by 11.28%, 10.19%, and 7.42% respectively [1][2] Market Performance - The top-performing concept sectors today included Cultivated Diamonds at 6.69%, followed by Combustible Ice at 3.86%, and Brain-Computer Interface at 2.81%, while sectors like Gold and Metal Lead experienced declines of -2.09% and -1.99% respectively [2] - The brain-computer interface sector attracted a net inflow of 641 million yuan, with 23 stocks receiving net inflows, and five stocks exceeding 30 million yuan in net inflows, led by Innovation Medical with 603 million yuan [2][3] Stock Performance - The stocks with the highest net inflow ratios included Innovation Medical at 30.84%, Renhe Pharmaceutical at 10.82%, and Yanshan Technology at 9.32% [3] - Specific stock performances within the brain-computer interface sector showed Innovation Medical increasing by 10.02% with a turnover rate of 20.08%, while Yanshan Technology rose by 4.86% with a turnover rate of 5.04% [3][4]

Market Performance - The IT services sector increased by 1.63% on October 20, with Chuling Information leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Top Gainers in IT Services - Chuling Information (300250) closed at 25.98, up 12.42% with a trading volume of 534,800 shares and a turnover of 1.364 billion [1] - Huicheng Co., Ltd. (688500) closed at 72.34, up 8.33% with a trading volume of 62,300 shares and a turnover of 465 million [1] - Yanshan Technology (002195) closed at 7.34, up 4.86% with a trading volume of 2.8219 million shares and a turnover of 2.057 billion [1] Decliners in IT Services - ST Yilianzhong (300096) closed at 7.86, down 7.53% with a trading volume of 249,500 shares [2] - Chenyuan Technology (300523) closed at 24.52, down 2.43% with a trading volume of 53,900 shares [2] - Guoyuan Technology (920184) closed at 20.66, down 2.36% with a trading volume of 37,500 shares [2] Capital Flow Analysis - The IT services sector experienced a net outflow of 950 million from institutional investors and 291 million from retail investors, while retail investors saw a net inflow of 1.241 billion [2][3] - Yanshan Technology (002195) had a net inflow of 17 million from institutional investors, while it faced a net outflow of 108 million from retail investors [3] - Chuling Information (300250) had a net inflow of 54.94 million from institutional investors, but a net outflow of 57.89 million from retail investors [3]

Key Points - The low-altitude economy continues to attract significant financing, with capital concentrating on leading companies. Recently, Zero Gravity Aircraft Industry (Hefei) Co., Ltd. announced the completion of A++++ round financing amounting to nearly 300 million yuan, bringing its total financing in two months to nearly 700 million yuan [4][11]. - Quantum computing competition is intensifying, with multiple technological routes being pursued. Logic Bit, a superconducting quantum computing company, completed a Pre-A round financing of tens of millions of yuan, primarily from existing shareholders [4][13]. Additionally, Bosc Quantum completed an A++ round financing of several hundred million yuan [4][15]. - In the health sector, early-stage tools and platform technologies are receiving support. OxTium Technology announced the completion of several million yuan in angel+ round financing led by Sequoia China Seed Fund [5][33]. - The new consumption sector is also seeing active financing, with Velotric completing a B round financing led by Shunwei Capital [8]. - The hard technology sector is witnessing significant investments, with companies like Rock Energy and BridGene Biosciences completing substantial financing rounds [14][36]. - The healthcare industry is experiencing a surge in financing, with companies like Yike Medical and Wuyou Jump completing rounds of several million to nearly 200 million yuan [28][30]. - The AI and enterprise service sectors are also active, with companies like Future Intelligence and Aishi Technology completing significant financing rounds [43][46]. Group 1 - Low-altitude economy financing remains high, with Zero Gravity Aircraft Industry raising nearly 300 million yuan [4][11] - Quantum computing competition is heating up, with Logic Bit and Bosc Quantum securing significant funding [4][13][15] - Health sector tools and platforms are gaining early-stage support, exemplified by OxTium Technology's financing [5][33] Group 2 - New consumption sector financing is active, with Velotric's B round led by Shunwei Capital [8] - Hard technology sector investments are significant, with Rock Energy and BridGene Biosciences completing major financing [14][36] - Healthcare industry financing is surging, with Yike Medical and Wuyou Jump securing substantial rounds [28][30] Group 3 - AI and enterprise service sectors are also seeing significant financing, with Future Intelligence and Aishi Technology completing major rounds [43][46]

Core Viewpoint - Yan Mountain Technology (002195) announced that its subsidiary Yan Chao Fusion has completed a multi-hundred million RMB angel round financing, aimed at advancing the research and development of fusion devices and superconducting technology applications [1] Financing and Investment - The financing round was co-led by Yan Mountain Technology and Yan Mountain Investment, with the funds designated for the development of advanced superconducting fusion devices [1] Technological Development - Yan Chao Fusion is focusing on an advanced superconducting fusion route, emphasizing its unique steady-state operation advantages and future grid compatibility [1] - The company is advancing the research of an advanced superconducting fusion system using internationally leading quasi-equilibrium magnetic configurations and leveraging AI and 3D printing to accelerate device development [1] Collaborative Efforts - The company is establishing a "Fusion and New Energy Joint Laboratory" in collaboration with Peking University in Shenzhen, focusing on the physics and engineering of fusion devices, AI for science, superconducting materials, and energy applications [1] - Yan Chao Fusion is actively expanding international research cooperation channels and plans to recruit globally recognized fusion experts to form a top-tier academic advisory committee [1]