Core Viewpoint - Jiangsu Zhongli Group has shown significant improvement in financial performance, with a notable reduction in losses and a substantial increase in cash flow, indicating positive signals post-bankruptcy restructuring [1][2] Financial Performance - For the first nine months of 2025, the company reported a revenue of 1.358 billion yuan, a decrease compared to the same period last year, but the reduction in net losses was a key highlight [1] - The net loss attributable to shareholders was 140 million yuan, a 69.09% reduction from 454 million yuan in the same period last year [1] - The net profit excluding non-recurring gains and losses was -191 million yuan, reflecting a 58.36% improvement year-on-year, indicating a gradual recovery in core business profitability [1] Cash Flow Improvement - The net cash flow from operating activities reached 1.041 billion yuan, representing an increase of over 33 times compared to the previous year [1] - The positive cash flow was primarily due to the lifting of protective freezes on the company's bank accounts by the bankruptcy restructuring administrator, restoring liquidity [1][2] - The net cash flow from financing activities turned positive at 542 million yuan, mainly from liquidity support provided by the bankruptcy restructuring administrator [2] Debt Management - The company's short-term borrowings decreased to 62 million yuan, down 86.78% from the beginning of the year, attributed to the implementation of a debt repayment plan through stock conversion [2] - Financial expenses saw a significant reduction of 75.18%, alleviating interest payment pressures due to the substantial decrease in debt burden [2] Contract Liabilities - Contract liabilities increased significantly from 102 million yuan at the beginning of the year to 522 million yuan, indicating a more than fourfold rise, which provides a solid foundation for future business development and revenue recognition [2]

Core Viewpoint - The company has ensured the authenticity, accuracy, and completeness of its quarterly report, with all board members bearing legal responsibility for any misrepresentation or omissions [2]. Financial Data Summary - The company has made adjustments to its accounting policies, specifically changing from the gross method to the net method for revenue recognition in its photovoltaic cell and module business, based on a careful analysis of its responsibilities and risks [4]. - The company reported that its third-quarter financial report has not been audited [10]. Shareholder Information - The report includes details on the total number of ordinary shareholders and the top ten shareholders, although specific figures are not provided in the excerpts [7]. Other Important Matters - The company has confirmed that there are no non-recurring profit and loss items applicable for the reporting period [6].

Core Viewpoint - The company, Jiangsu Zhongli Group Co., Ltd., has released its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information disclosed, with no significant omissions or misleading statements [2][3]. Financial Data Summary - The third-quarter financial report has not been audited [3][9]. - The company has made adjustments to its accounting policies, changing from the gross method to the net method for revenue recognition in its photovoltaic cell and module business, based on a careful analysis of relevant facts and circumstances [4]. - The company has confirmed that it will complete the capital reserve transfer to increase share capital by the end of 2024, which will require restating earnings per share for comparability [3]. Non-Recurring Gains and Losses - The company has indicated that there are no specific items that meet the definition of non-recurring gains and losses [5][6]. Shareholder Information - There are no changes in the number of shareholders or significant shareholders due to securities lending activities [6][8].

Core Viewpoint - Jiangsu Zhongli Group Co., Ltd. has shown significant improvement in its financial performance, with a notable reduction in net losses and a strong increase in equity, driven by restructuring and expansion in the photovoltaic business [1][2]. Financial Performance - For the first three quarters of 2025, the net profit attributable to shareholders was -140 million yuan, a substantial reduction in losses by 69.09% compared to the same period last year [1][2]. - As of the end of Q3 2025, the equity attributable to shareholders was approximately 1.86 billion yuan, reflecting a 31.03% increase from the end of the previous year [1]. - The net cash flow from operating activities surged by 3383.91% in the first three quarters of 2025, indicating improved operational efficiency [2]. Business Operations - The company has successfully completed its restructuring in 2024, which has positively impacted supply chain cooperation and customer trust [1]. - The cable business has maintained stable operations, providing consistent revenue support, while the photovoltaic business is actively expanding overseas [1][2]. - Prepayments increased by 299.58% and contract liabilities rose by 413.09% compared to the end of the previous year, driven by an increase in sales orders [2]. Photovoltaic Business Expansion - Zhongli Group's subsidiary, Suzhou Tenghui Photovoltaic Technology Co., Ltd., is aggressively pursuing international markets, participating in over 30 global renewable energy exhibitions since the beginning of 2025 [2]. - At the 2025 Intersolar Europe exhibition, Tenghui Photovoltaic's N-type series products received the "TOP PERFORMER" award, marking the fifth time the company has achieved this recognition [3]. - The strategic focus of the photovoltaic business has shifted towards high-potential overseas markets, with plans for localized team building and deep channel cooperation to enhance brand influence [3].

Core Viewpoint - Zhongli Group (002309.SZ) reported a significant decline in revenue and incurred losses in the first three quarters of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved an operating revenue of 1.358 billion yuan in the first three quarters, representing a year-on-year decrease of 25.35% [1] - The net loss attributable to shareholders of the listed company was 140 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 191 million yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥520,750,486.48, a decrease of 6.78% compared to the same period last year[5] - The company reported a 25.35% decline in total operating revenue for the first nine months of 2025, totaling ¥1,358,000,121.86[11] - Total operating revenue decreased to ¥1,358,000,121.86 from ¥1,819,272,744.55, representing a decline of approximately 25.4% year-over-year[21] - Total operating costs decreased to ¥1,555,964,305.34 from ¥2,253,561,176.72, a reduction of about 30.9% year-over-year[21] - Net loss for the period was ¥146,858,805.79, compared to a net loss of ¥454,324,163.48 in the previous period, showing an improvement of approximately 67.7%[22] Profitability and Earnings - The net profit attributable to shareholders was -¥69,128,810.86, representing a 63.28% improvement year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥83,152,906.35, a 56.81% improvement compared to the previous year[5] - Basic earnings per share improved to -¥0.025, a 65.75% increase from -¥0.073 in the same period last year[5] - Basic and diluted earnings per share improved to -0.051 from -0.176, indicating a positive trend in earnings performance[22] Cash Flow and Liquidity - Cash flow from operating activities showed a significant increase, reaching ¥1,041,190,085.02, up 3,383.91% year-to-date[5] - Cash flow from operating activities surged to CNY 1,041,190,085.02, a remarkable increase of 3383.91% due to the lifting of protective freezes on bank accounts[12] - Total cash inflow from operating activities was ¥2,531,270,096.42, compared to ¥1,478,994,885.15 in the prior period, reflecting a growth of approximately 71.1%[23] - Cash outflow from operating activities totaled ¥1,490,080,011.40, slightly up from ¥1,449,109,249.85, resulting in a net cash flow from operating activities of ¥1,041,190,085.02[23] - The ending cash and cash equivalents balance was ¥1,664,594,652.18, a significant increase from ¥158,561,842.56 at the end of the previous period[24] Assets and Liabilities - Total assets as of September 30, 2025, were ¥5,546,784,485.91, reflecting a 0.41% increase from the end of the previous year[5] - The company's total assets amounted to ¥5,546,784,485.91, slightly up from ¥5,524,164,637.48, indicating a marginal increase[20] - Total liabilities decreased to ¥3,700,685,992.71 from ¥4,111,975,955.79, reflecting a reduction of about 10%[20] - The company's equity attributable to shareholders increased to ¥1,860,823,610.43 from ¥1,420,101,526.57, marking a growth of approximately 31%[20] Shareholder Information - The top shareholder, Changshu Guangsheng New Energy Co., Ltd., holds a 20.00% stake with 601,533,077 shares[14] - The company has a total of 32,355 common shareholders as of the reporting period[14] Financial Strategy and Adjustments - The company has adjusted its accounting policy for revenue recognition from gross to net method for its photovoltaic business, impacting financial reporting[6] - The company is currently undergoing bankruptcy restructuring, which has influenced its financial strategies and cash flow management[12] Research and Development - Research and development expenses were ¥43,149,836.72, down from ¥72,093,792.88, a decrease of about 40.2% year-over-year[21] Credit and Financing - The company reported a significant decrease in credit impairment losses, amounting to CNY 20,651,653, a reduction of 183.51% compared to the previous period[12] - The company’s financial expenses decreased by 75.18% to ¥50,942,881.67 due to a significant reduction in liabilities[11] - Cash inflow from financing activities was ¥901,620,816.69, compared to ¥225,288,976.12 in the prior period, showing a substantial increase of approximately 299.5%[24] - Net cash flow from financing activities improved to ¥541,876,629.75, reversing from a net outflow of ¥204,173,928.34 in the previous period[24] - The company reported a cash outflow of ¥266,278,638.51 related to financing activities, which increased from ¥15,536,616.95 in the previous period, indicating higher financing costs[24]

证券代码：002309 证券简称：中利集团 公告编号：2025-086 原告与被告涉及买卖合同纠纷（参见 2025 年半年报"重大诉讼事项"之内 容），兴庆区人民法院立案后，依法适用普通程序公开开庭进行了审理。 （二）诉讼进展情况 经审理后判决如下： 江苏中利集团股份有限公司 关于子公司宁夏中盛诉讼事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，江苏中利集团股份有限公司（以下简称"公司"）子公司宁夏中盛电 缆技术有限公司（以下简称"宁夏中盛"）收到宁夏回族自治区银川市兴庆区人 民法院（以下简称"兴庆区人民法院"）送达的《民事判决书》【（2024）宁 0104 民初 18945 号】，现将相关情况公告如下： 一、本次诉讼相关情况 （一）诉讼各方当事人及基本情况 原告：宁夏佳洋能源有限公司 被告：宁夏中盛电缆技术有限公司 江苏中利集团股份有限公司董事会 2025 年 10 月 23 日 2 / 2 1.被告于本判决生效之日起七日内赔偿原告劳务费、鉴定费等合计 4,244,821.64 元； 2.案件受理费 104,767 元，由原告负担 65 ...

证券代码：002309 证券简称：中利集团 公告编号：2025-085 江苏中利集团股份有限公司 关于子公司诉讼事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，江苏中利集团股份有限公司（以下简称"公司"）子公司常熟耀创光 伏电站开发有限公司（以下简称"常熟耀创"）收到湖北省武汉市武昌区人民法 院（以下简称"武昌区人民法院"）送达的《民事判决书》【（2025）鄂 0106 民初 7895 号】，现将相关情况公告如下： 第三人：焦作中晖光伏发电有限公司 被告一为被告二的子公司。原告与被告一、被告二及第三人涉及合同纠纷（参 见 2025 年半年报"重大诉讼事项"之内容），武昌区人民法院立案后，依法适用 简易程序独任制公开开庭进行了审理。 （二）诉讼进展情况 武昌区人民法院经审理后判决如下： 一、本次诉讼相关情况 （一）诉讼各方当事人及基本情况 原告：青岛绿和新能源管理有限公司 被告一：常熟耀创光伏电站开发有限公司 被告二：苏州腾晖光伏技术有限公司（以下简称"腾晖光伏"） 1.被告一应于本判决生效之日起十日内向本案第三人支付相关款项、律师费、 诉 ...

Group 1 - The core viewpoint of the news is that Zhongli Group's stock has experienced a decline recently despite a year-to-date increase, indicating potential volatility in its stock performance [2][3]. - As of September 25, Zhongli Group's stock price was 2.92 CNY per share, with a market capitalization of 8.782 billion CNY and a trading volume of 20.08 million CNY [1]. - The company has seen a net outflow of 1.0961 million CNY in main funds, with significant selling pressure compared to buying [1]. Group 2 - Year-to-date, Zhongli Group's stock has increased by 19.67%, but it has declined by 4.89% in the last five trading days, 7.89% in the last 20 days, and 25.89% in the last 60 days [2]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on February 28 [3]. - Zhongli Group's main business includes the production and sales of optical communication, cable products, and photovoltaic new energy products, with a revenue composition that includes various cable types and photovoltaic components [3]. Group 3 - As of June 30, the number of shareholders in Zhongli Group was 26,400, an increase of 5.33% from the previous period, while the average circulating shares per person decreased by 5.17% [3]. - For the first half of 2025, Zhongli Group reported an operating income of 837 million CNY, a year-on-year decrease of 33.59%, while the net profit attributable to the parent company was -71.217 million CNY, reflecting a year-on-year increase of 73.20% [3]. - The company has distributed a total of 432 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [4].

一、本次诉讼相关情况 （一）诉讼各方当事人及基本情况 证券代码：002309 证券简称：中利集团 公告编号：2025-084 江苏中利集团股份有限公司 关于子公司腾晖光伏诉讼事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，江苏中利集团股份有限公司（以下简称"公司"）全资子公司苏州腾 晖光伏技术有限公司（以下简称"腾晖光伏"）收到江苏省苏州市中级人民法院 （以下简称"苏州中院"）送达的《民事判决书》【（2024）苏 05 民初 1479 号】， 现将相关情况公告如下： 2.被告二对上述第 1 项中被告一的付款义务承担连带责任。 当事人如果未按本判决指定的期间履行给付金钱义务，应当按照《中华人民 共和国民事诉讼法》第二百六十条之规定，加倍给付迟延履行期间的债务利息。 1 / 2 原告：苏州腾晖光伏技术有限公司 被告一：汉寿昊晖太阳能发电有限公司 被告二：常州市招联绿睿新能源有限公司 原告与被告一、被告二涉及建设工程施工合同纠纷（参见 2025 年半年报"重 大诉讼事项"之内容），苏州中院立案后，依法组成合议庭公开开庭进行了审理。 （二）诉讼进 ...