Core Insights - Double Elephant Co., Ltd. (002395.SZ) released its Q3 2025 financial report on October 25, 2025, indicating significant institutional ownership and changes in public fund disclosures [1] Institutional Ownership - As of October 24, 2025, there is one institutional investor holding shares in Double Elephant, with a total of 173 million shares, representing 64.52% of the company's total equity [1] - The institutional ownership percentage decreased by 0.38 percentage points compared to the previous quarter [1] Public Fund Disclosures - In this reporting period, 44 public funds were not disclosed compared to the previous quarter, including notable funds such as China Europe Jiaxuan Mixed A, Huashang Upstream Industry Stock A, and others [1]

Core Insights - The company reported a revenue of 1.914 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 19.32% [1] - The net profit attributable to shareholders reached 182 million yuan, showing a significant year-on-year increase of 121.32% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 163 million yuan, reflecting a year-on-year growth of 127.39% [1] - The basic earnings per share stood at 0.6799 yuan [1]

Core Insights - The company reported a revenue of 699,101,596.33 yuan for the third quarter of 2025, representing a year-on-year growth of 12.39% [2] - The net profit attributable to shareholders of the listed company was 47,936,990.67 yuan, showing a significant year-on-year increase of 49.92% [2] Financial Performance - Revenue for Q3 2025: 699.1 million yuan, up 12.39% year-on-year [2] - Net profit for Q3 2025: 47.9 million yuan, up 49.92% year-on-year [2]

Group 1 - The core viewpoint of the news is that Shuangxiang Co., Ltd. reported significant growth in its third-quarter performance for 2025, with revenue and net profit showing substantial year-on-year increases [1] - For the first three quarters of 2025, the company's revenue reached approximately 1.914 billion yuan, representing a year-on-year increase of 19.32% [1] - The net profit attributable to shareholders of the listed company was approximately 182 million yuan, marking a remarkable year-on-year increase of 121.32% [1] - The basic earnings per share were reported at 0.6799 yuan, also reflecting a year-on-year increase of 121.32% [1] Group 2 - As of the report, Shuangxiang Co., Ltd. has a market capitalization of 5 billion yuan [2]

二、会议审议情况 1、会议以 3 票同意、0 票反对、0 票弃权的表决结果，审议通过 了《公司 2025 年第三季度报告》。 经审核，监事会认为董事会编制和审核公司 2025 年第三季度报 告的程序符合法律、行政法规和中国证监会的规定，报告内容真实、 准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性 陈述或者重大遗漏。 证券代码：002395 证券简称：双象股份 公告编号：2025-030 无锡双象超纤材料股份有限公司 第七届监事会第十八次会议决议公告 本公司及监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、误导性陈述或重大遗漏。 一、会议召开情况 无锡双象超纤材料股份有限公司(以下简称"公司")第七届监事 会第十八次会议通知于 2025 年 10 月 19 日以电子邮件、直接送达方 式发出，会议于 2025 年 10 月 23 日以通讯方式召开。会议由公司监 事会主席叶雪刚先生主持，会议应到监事三人，实到三人。会议的召 开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规 定。 特此公告 无锡双象超纤材料股份有限公司 监 事 会 二○二五年十月二十四日 三、备查文件 1 ...

证券代码：002395 证券简称：双象股份 编号：2025-029 无锡双象超纤材料股份有限公司 第七届董事会第二十一次会议决议公告 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、误导性陈述或重大遗漏。 一、会议召开情况 无锡双象超纤材料股份有限公司(以下简称"公司")于2025年10 月19日以电子邮件、直接送达方式发出召开第七届董事会第二十一次 会议的通知，会议于2025年10月23日以通讯方式召开，本次会议由公 司董事长顾希红先生主持，会议应参加的董事7名，实际参加的董事7 名。会议的召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。 二、会议审议情况 1、会议以 7 票同意、0 票反对、0 票弃权的表决结果，审议通过 了《公司 2025 年第三季度报告》。 《 公 司 2025 年 第 三 季 度 报 告 》 详 见 巨 潮 资 讯 网 （http://www.cninfo.com.cn）及《证券时报》。 三、备查文件 1、经与会董事签字并加盖董事会印章的公司第七届董事会第二十 一次会议决议。 特此公告 无锡双象超纤材料股份有限公司 董 事 会 二○二五年 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥699,101,596.33, an increase of 12.39% compared to the same period last year[4] - Net profit attributable to shareholders was ¥47,936,990.67, representing a significant growth of 49.92% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥41,749,498.45, up by 48.68% from the previous year[4] - The company's basic earnings per share (EPS) was ¥0.1787, which is a 49.92% increase compared to the same period last year[4] - Net profit increased by 121.32% to ¥182,350,182.08, driven by the release of production capacity in Chongqing and increased profit from the wholly-owned subsidiary[11] - Net profit for the current period was ¥182,350,182.08, representing a significant increase of 121.5% from ¥82,391,027.95 in the previous period[23] - Basic and diluted earnings per share were both ¥0.6799, compared to ¥0.3072 in the prior period[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,391,179,520.60, reflecting a 5.09% increase from the end of the previous year[4] - Total assets increased to ¥2,391,179,520.60, up from ¥2,275,454,192.74, reflecting a growth of 5.1%[21] - Total liabilities decreased to ¥888,013,061.52 from ¥915,374,081.27, a reduction of 3.0%[21] - Non-current assets totaled ¥1,111,149,727.43, remaining stable compared to ¥1,111,148,624.72 in the previous period[21] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥129,595,644.07, a remarkable increase of 322.90%[4] - Operating cash flow from operating activities improved by 322.90% to ¥129,595,644.07, due to a higher proportion of cash received from sales compared to cash paid for purchases[11] - The net cash flow from operating activities for the current period is ¥129,595,644.07, compared to a negative cash flow of ¥58,139,895.75 in the previous period, indicating a significant improvement[24] - Total cash inflow from operating activities reached ¥998,737,862.58, up from ¥911,135,436.40 in the previous period, reflecting a growth of approximately 9.4%[24] - Cash outflow from operating activities decreased to ¥869,142,218.51 from ¥969,275,332.15, showing a reduction of about 10.3%[24] - Cash flow from investment activities rose by 385.74% to ¥46,766,276.96, primarily due to government relocation compensation received[11] - The net cash flow from investing activities is ¥46,766,276.96, a recovery from a negative cash flow of ¥16,366,758.29 in the previous period[25] - Cash inflow from investing activities totaled ¥142,201,937.81, significantly higher than the previous period's ¥22,000.00[25] - Cash outflow from investing activities increased to ¥95,435,660.85 from ¥16,388,758.29, indicating a rise in investment activities[25] - The net cash flow from financing activities was negative at -¥47,381,120.58, worsening from -¥5,667,712.59 in the previous period[25] - Total cash inflow from financing activities was ¥130,468,756.01, slightly up from ¥126,571,429.62[25] - The ending cash and cash equivalents balance increased to ¥373,833,350.65 from ¥191,373,960.29, marking a substantial rise[25] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 15,271, with the largest shareholder, Jiangsu Shuangxiang Group Co., Ltd., holding 64.52% of shares[13] Research and Development - Research and development expenses increased by 28.50% to ¥71,699,381.47, indicating a focus on innovation[9] - Research and development expenses increased to ¥71,699,381.47, up from ¥55,799,084.78, indicating a growth of 28.5%[22] Other Financial Metrics - The weighted average return on equity was 12.63%, an increase of 4.01% compared to the previous year[4] - The company reported a financial income of ¥7,175,629.76, compared to ¥2,951,781.69 in the previous period, showing a substantial increase[22] - Deferred tax assets were recorded at ¥7,184,010.65, slightly down from ¥7,372,347.20 in the prior period[21] Compensation and Acquisitions - The company received a total compensation of ¥603,752,398.00 for land and property acquisition, with ¥557,470,096.00 received by September 30, 2025[17] Inventory and Receivables - Total current assets increased to ¥1,280,029,793.17 from ¥1,164,305,568.02, with cash and cash equivalents rising to ¥382,091,903.94[19] - Inventory levels increased to ¥365,898,113.18 from ¥301,995,138.77, indicating a growth in stock[19] - Accounts receivable rose to ¥80,321,717.58 from ¥54,885,726.95, reflecting an increase in credit sales[19] - Other receivables decreased significantly to ¥27,133,956.59 from ¥79,335,963.82, indicating improved collection efficiency[19] Audit Information - The company did not undergo an audit for the third quarter report, which may affect the perception of financial reliability[26]

Core Viewpoint - The stock of Shuangxiang Co., Ltd. experienced a decline of 1.56% on October 16, with a trading volume of 68.398 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On October 16, Shuangxiang Co., Ltd. had a financing buy-in amount of 6.5815 million yuan and a financing repayment of 8.9077 million yuan, resulting in a net financing outflow of -2.3262 million yuan [1] - The total financing and securities balance for Shuangxiang Co., Ltd. as of October 16 is 166 million yuan, which accounts for 3.38% of its circulating market value, indicating a high level of financing activity compared to the past year [1] - The company had no short-selling activity on October 16, with a short-selling balance of 0.00 yuan, also reflecting a high level of inactivity in this area compared to the past year [1] Business Performance - As of October 10, the number of shareholders for Shuangxiang Co., Ltd. increased by 1.56% to 15,500, while the average circulating shares per person decreased by 1.53% to 17,292 shares [2] - For the first half of 2025, Shuangxiang Co., Ltd. reported a revenue of 1.215 billion yuan, representing a year-on-year growth of 23.71%, and a net profit attributable to shareholders of 134 million yuan, showing a significant year-on-year increase of 166.61% [2] Dividend Information - Since its A-share listing, Shuangxiang Co., Ltd. has distributed a total of 256 million yuan in dividends, with 67.0523 million yuan distributed over the past three years [3]

Group 1 - The company emphasizes market value management and aims to enhance operational efficiency by focusing on its core business and maintaining continuous cash dividends to reward investors' trust and support [2] - The company indicated that any future plans for share buybacks or increases will be disclosed in accordance with relevant regulations [2]

Core Viewpoint - The company has over 10 years of experience in the PMMA industry and is the first domestic enterprise in China to mass-produce optical-grade PMMA products, achieving quality levels comparable to foreign counterparts while maintaining a cost advantage and strong import substitution capability [1] Group 1 - The company has been deeply engaged in the PMMA industry for more than a decade [1] - It is the first domestic company to achieve mass production of optical-grade PMMA products [1] - The quality of the company's products has reached the level of similar foreign products [1] Group 2 - The company possesses a certain cost advantage in the PMMA market [1] - It has a strong capability for import substitution, indicating potential for market growth [1]