（文章来源：证券日报） 证券日报网讯积成电子11月7日在互动平台回答投资者提问时表示，公司在智能电网、能源互联网、综 合能源管理等领域的解决方案可应用于虚拟电厂建设的相关环节，目前该类业务占比较小。 ...

（编辑 任世碧） 证券日报网讯 积成电子11月7日在互动平台回答投资者提问时表示，公司深耕主业特别是能源电力行业 数十年，以让能源电力系统更安全、更绿色、更高效、更可靠为使命，致力于不断推进能源电力数字 化、智能化发展，恪守诚信、敬业、协作分享的理念，坚持为客户创造价值，近年来经营层通过实施管 理变革及一系列管理措施推动公司业绩增长，未来公司将继续锚定主业，紧抓国内外发展机遇，持续推 进网内网外业务齐发展，不断努力提升公司自身价值并积极回报投资者。 ...

Core Viewpoint - The company, Jicheng Electronics, is involved in providing solutions for smart grids, energy internet, and comprehensive energy management, which can be applied to the construction of virtual power plants, although this segment currently represents a small proportion of its business [1] Group 1 - The company has solutions applicable to virtual power plant construction [1] - The current business proportion related to this area is relatively small [1]

Core Viewpoint - The company, Jicheng Electronics, has indicated that its solutions in smart grid, energy internet, and integrated energy management can be applied to various aspects of virtual power plant construction, although this business segment currently represents a small proportion of its overall operations [1] Group 1 - The company is involved in smart grid solutions [1] - The company provides energy internet solutions [1] - The company offers integrated energy management solutions [1] Group 2 - The business related to virtual power plants is currently a small part of the company's overall business [1]

Core Viewpoint - The company, Jicheng Electronics (002339.SZ), is involved in providing solutions for smart grids, energy internet, and comprehensive energy management, which can be applied to the construction of virtual power plants, although this segment currently represents a small proportion of its business [1] Group 1 - The company offers solutions in smart grid and energy management sectors [1] - The application of these solutions extends to virtual power plant construction [1] - The current business proportion related to this area is relatively small [1]

Group 1 - The core viewpoint of the article highlights the growth in the electrical machinery and equipment manufacturing industry in China, with a notable increase in export value [1] - In September 2025, the export value of the electrical machinery and equipment manufacturing industry reached 150.53 billion yuan, representing a year-on-year growth of 7% [1] - From January to September 2025, the cumulative export value was 1,333.73 billion yuan, with a year-on-year increase of 6.4% [1] Group 2 - The article lists several publicly listed companies in the electrical machinery sector, including XJ Electric, Dongfang Electronics, and Jinzhiketech, among others [1] - The data presented is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating a robust market outlook for the industry [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and consulting services [1]

Core Viewpoint - Jicheng Electronics, established in 2000 and listed in 2010, is a significant player in the domestic power grid automation equipment sector, focusing on software and hardware products related to power grid automation, with strengths in technology research and system integration [1] Group 1: Business Performance - In Q3 2025, Jicheng Electronics achieved revenue of 1.758 billion yuan, ranking 12th in the industry, below the industry average of 3.566 billion yuan and the median of 0.883 billion yuan [2] - The net profit for the same period was -62.21 million yuan, ranking 26th in the industry, significantly lower than the industry average of 386 million yuan and the median of 68.74 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jicheng Electronics had a debt-to-asset ratio of 50.38%, higher than the previous year's 49.77% and above the industry average of 40.35% [3] - The gross profit margin for the same period was 23.46%, down from 30.31% year-on-year and below the industry average of 31.57% [3] Group 3: Executive Compensation - The chairman, Wang Liang, received a salary of 661,100 yuan in 2024, a decrease of 7,400 yuan from 2023 [4] - The general manager, Yan Zhonghua, earned 641,200 yuan in 2024, down by 8,300 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 26.62% to 41,200, while the average number of circulating A-shares held per shareholder increased by 36.27% to 11,600 [5]

Core Viewpoint - Jicheng Electronics experienced a stock price decline of 2.08% on October 29, with a current price of 7.99 CNY per share and a market capitalization of 4.028 billion CNY. The company has seen a year-to-date stock price increase of 16.30% but a recent decline over the past five trading days [1]. Financial Performance - For the period from January to September 2025, Jicheng Electronics achieved a revenue of 1.758 billion CNY, representing a year-on-year growth of 23.11%. However, the company reported a net profit attributable to shareholders of -76.1473 million CNY, which is a year-on-year increase of 16.28% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Jicheng Electronics was 41,200, a decrease of 26.62% from the previous period. The average number of circulating shares per shareholder increased by 36.27% to 11,632 shares [2]. Business Overview - Jicheng Electronics, established on August 10, 2000, and listed on January 22, 2010, specializes in automation for power grids, including dispatch automation, substation automation, and power generation automation systems. The main revenue sources are: distribution automation (36.88%), substation automation (20.77%), public utility automation (18.63%), grid dispatch automation (13.70%), evaluation services (8.05%), and other products (1.97%) [1]. Dividend Information - Since its A-share listing, Jicheng Electronics has distributed a total of 231 million CNY in dividends, with 2.016 million CNY distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders, Guangfa Quantitative Multi-Factor Mixed A (005225) is the ninth largest shareholder, holding 3.0877 million shares as a new investor [3].

一、本次计提减值准备情况概述 证券代码：002339 证券简称：积成电子 公告编号：2025-032 积成电子股份有限公司 关于 2025 年第三季度计提资产减值准备的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假记载、 误导性陈述或者重大遗漏。 积成电子股份有限公司（以下简称"公司"）根据《企业会计准则》、《深圳证 券交易所股票上市规则》等法律法规、规范性文件的相关规定，现将公司2025年第 三季度计提资产减值准备情况公告如下： 1、本次计提资产减值准备的原因 根据《企业会计准则》及公司《资产减值准备计提管理办法》等相关规定，为 真实、准确地反映公司截至 2025 年 9 月 30 日的资产价值，基于谨慎性原则，公司 对合并报表范围内的资产进行了分析，对存在减值迹象的资产计提相应减值准备。 2、本次计提资产减值准备的资产范围、总金额和计入的报告期间 本次计提减值准备事项根据公司《资产减值准备计提管理办法》的规定，已经 公司董事长批准，无需提交公司董事会审议。 二、本次计提资产减值准备对公司的影响 本次计提资产减值准备合计 364.16 万元，减少公司 2025 年第三季度净利润 36 ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 667,117,285, representing a 22.07% increase compared to CNY 546,517,000 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was CNY 15,843,053.87, a decrease of 80.89% from CNY 76,147,314.77 in the previous year[5]. - The basic earnings per share for Q3 2025 was -0.0314 CNY, down 80.46% from -0.1511 CNY in the same period last year[5]. - Total operating revenue for the current period reached ¥1,757,983,511.82, an increase of 23.06% compared to ¥1,427,993,298.77 in the previous period[17]. - Net profit for the current period was -¥62,212,356.16, an improvement from -¥77,982,561.07 in the previous period, indicating a reduction in losses[18]. - The company reported a total comprehensive loss of -¥62,212,356.16, compared to -¥77,982,561.07 in the previous period[19]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 4,204,851,283.88, a decrease of 4.25% from CNY 4,391,476,649.28 at the end of the previous year[5]. - The total current assets amount to 3,342,534,250.65 yuan, a decrease from 3,507,402,345.50 yuan at the beginning of the period[14]. - The total liabilities amount to 1,894,083,869.22 yuan, an increase from 1,778,522,414.60 yuan at the beginning of the period[14]. - The total liabilities amounted to ¥2,118,402,306.30, a decrease from ¥2,220,861,085.33 in the previous period[15]. - The long-term borrowings decreased by 54.26%, primarily due to the reclassification of long-term loans due within one year[9]. - Long-term borrowings decreased from 395,724,000.00 yuan to 181,000,000.00 yuan[14]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 188,497,462.12, showing a decrease of 4.37% compared to CNY 180,598,553.39 in the previous year[5]. - The net cash flow from operating activities was -¥188,497,462.12, slightly worse than -¥180,598,553.39 in the previous period[20]. - Cash inflow from investment activities totaled $43,111,212.94, compared to $42,276,508.30 in the previous period, reflecting a slight increase[21]. - Cash outflow for investment activities was $72,681,417.73, up from $47,942,341.84, resulting in a net cash flow from investment activities of -$29,570,204.79, compared to -$5,665,833.54 previously[21]. - Cash inflow from financing activities amounted to $228,950,521.58, down from $506,372,063.84, indicating a significant decrease[21]. - The net increase in cash and cash equivalents was -$355,118,301.71, compared to -$226,805,389.75 in the prior period[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,159[10]. - The largest shareholder, Shandong State-owned Assets Investment Holdings Co., Ltd., holds 10.38% of shares, totaling 52,337,588 shares[10]. - The second-largest shareholder, Shandong Iron Investment Private Fund Management Co., Ltd., holds 5.67% of shares, totaling 28,590,250 shares[10]. Research and Development - The company reported a significant increase in development expenditures, which rose by 1129.99% due to ongoing capitalized R&D projects[8]. - Research and development expenses increased to ¥179,809,319.98, compared to ¥158,663,055.14 in the previous period, reflecting a focus on innovation[17]. Inventory and Receivables - The company experienced a 41.80% increase in inventory levels, driven by an increase in orders and stockpiling[8]. - Accounts receivable decreased from 1,457,797,867.96 yuan to 1,310,742,252.71 yuan[13]. - Inventory increased from 609,525,900.49 yuan to 864,309,511.84 yuan[13]. Cash and Cash Equivalents - Cash and cash equivalents decreased from 881,202,902.19 yuan to 541,216,782.49 yuan[13]. - The ending balance of cash and cash equivalents was $463,670,293.76, down from $552,356,473.26[21]. Audit and Accounting Standards - The company did not undergo an audit for the third quarter financial report[22]. - The new accounting standards will be first implemented starting in 2025, but the company is not applicable for this adjustment[22].