Group 1: Investor Relations and Communication - The company emphasizes the importance of investor relations management, establishing a sound value management system, and improving communication mechanisms through regular performance briefings and investor meetings [3] - The third quarter performance briefing was held on October 31, 2025, via the "Value Online" platform, facilitating online communication with investors [2] - The company has received an A-class rating for information disclosure from the Shenzhen Stock Exchange for five consecutive years, reinforcing market trust [4] Group 2: Financial Performance and Management - The company's net profit for the first three quarters of 2025 was CNY 10.25 billion, with a decline in profit contribution compared to the previous year [3] - The company reported a significant decrease in revenue due to changes in insurance contract income recognition, impacting the overall financial performance [3] - The company’s cash flow situation is stable, with a monetary fund of CNY 13.9 billion and a 40% year-on-year increase in operating cash flow for the first three quarters of 2025 [3] Group 3: Cost Control and Operational Efficiency - The company adopts a dual strategy of refined and digitalized cost control, focusing on administrative and operational expenses [3] - The implementation of the "COFCO E+" digital platform has improved process efficiency and achieved cost savings [3] Group 4: Market Position and Strategic Focus - The company is focused on serving the real economy, enhancing its financial work's political and social relevance, and contributing to agricultural modernization through supply chain finance [4] - The company aims to optimize its business structure and develop a second growth curve in its trust business, maintaining a steady and controllable risk profile [4]

Core Viewpoint - COFCO Capital is a leading diversified financial services enterprise in China, with a comprehensive financial business layout supported by its parent company, COFCO Group [1] Group 1: Business Performance - As of Q3 2025, COFCO Capital reported revenue of 217 million yuan, ranking 8th in the industry, with the top competitor, Yuexiu Capital, generating 5.999 billion yuan [2] - The main business segments include insurance (3.524 billion yuan, 72.02%), trust (749 million yuan, 15.30%), and futures (598 million yuan, 12.23%) [2] - The net profit for the same period was 1.572 billion yuan, ranking 3rd in the industry, with the leading company, Sinopec Capital, achieving 8.102 billion yuan [2] Group 2: Financial Ratios - COFCO Capital's debt-to-asset ratio was 80.60% in Q3 2025, higher than the industry average of 66.96% [3] - The gross profit margin was 24.03%, significantly improved from -8.75% year-on-year but still below the industry average of 32.78% [3] Group 3: Executive Compensation - The chairman, Sun Yanmin, received a salary of 2.2511 million yuan in 2024, an increase of 336,600 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.61% to 134,100, while the average number of shares held per shareholder decreased by 1.59% to 17,200 [5] - The top shareholders include Southern CSI 500 ETF and Hong Kong Central Clearing Limited, with slight reductions in their holdings [5] Group 5: Business Highlights and Future Outlook - The insurance segment, Zhongying Life, showed robust performance with a 9.14% year-on-year increase in revenue, accounting for 72.02% of total revenue [5] - COFCO Futures demonstrated resilience with steady domestic brokerage performance and key breakthroughs in international expansion [5] - Trust business reached a scale of 642.5 billion yuan, with a shift towards service trusts and active management [5] - Forecasts for total revenue from 2025 to 2027 are 9.971 billion, 10.857 billion, and 11.956 billion yuan, with net profits of 1.724 billion, 1.896 billion, and 2.132 billion yuan respectively [5] - Despite market volatility, COFCO Capital is expected to maintain investment value, with a projected net profit of 1.3 billion yuan for 2025 [6]

Core Viewpoint - COFCO Capital announced the nomination of Mr. Wang Xi and Mr. Yu Yanlei as candidates for non-independent directors of the sixth board of directors [1] Group 1 - COFCO Capital is under the control of COFCO Group [1] - The announcement was made on the evening of October 30 [1]

Core Viewpoint - COFCO Capital (002423.SZ) reported a decline in both revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 7.169 billion yuan, representing a year-on-year decrease of 8.55% [1] - The net profit attributable to shareholders of the listed company was 1.025 billion yuan, down 56.11% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.019 billion yuan, reflecting a year-on-year decline of 56.34% [1]

股票代码：002423 股票简称：中粮资本 公告编号：2025-039 中粮资本控股股份有限公司 关于召开2025年第三季度业绩说明会 并征集问题的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 中粮资本控股股份有限公司（以下简称"公司"）《2025 年第三季度报告》 等文件经公司第六届董事会第三次会议审议通过后，已于 2025 年 10 月 31 日在 巨潮资讯网（www.cninfo.com.cn）披露。为使广大投资者更加全面、深入地了解 公司经营情况，公司将于 2025 年 10 月 31 日召开 2025 年第三季度业绩说明会。 一、业绩说明会的安排 1、召开时间：2025 年 10 月 31 日（周五）下午 15:00 至 17:00 2、召开方式：网络平台文字互动 3、出席人员：公司董事长孙彦敏先生，总经理王希先生，副总经理兼董事 会秘书姜正华女士，独立董事李宏先生。 4、网络互动参与方式： 三、投资者咨询方式 联系部门：公司证券事务部 联系电话：010-85017079 联系邮箱：zlzbdb@cofco.com 特此公告。 本次业绩说明会 ...

中粮资本控股股份有限公司关于 公司非独立董事辞职、拟选举非独立董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、公司非独立董事辞职的情况 中粮资本控股股份有限公司（以下简称"公司"）董事会于近日收到公司非 独立董事孙昌宇先生、李德罡先生的书面辞职报告，具体情况如下： 因工作原因，孙昌宇先生申请辞去公司非独立董事职务。辞去上述职务后， 孙昌宇先生将不再任公司及控股子公司任何职务。截至本公告日，孙昌宇先生未 持有公司股份，不存在应履行而未履行的承诺事项，本次变动不会影响公司经营 管理工作的正常开展。 因工作原因，李德罡先生申请辞去公司非独立董事职务。辞去上述职务后， 李德罡先生将继续担任公司副总经理、财务负责人等职务。截至本公告日，李德 罡先生未持有公司股票，不存在应履行而未履行的承诺事项，本次变动不会影响 公司经营管理工作的正常开展。 在公司召开股东会，选举新的董事就任前，孙昌宇先生、李德罡先生仍将根 据《公司法》、《公司章程》等相关法律法规的规定，履行董事职责。 孙昌宇先生、李德罡先生担任公司董事期间勤勉尽责，恪尽职守，公司谨对 孙昌宇先生、李德 ...

股票代码：002423 股票简称：中粮资本 公告编号：2025-040 中粮资本控股股份有限公司 关于召开 2025 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 18 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2025 年 11 月 18 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 11 月 18 日 9:15 至 15:00 的任意 时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 ...

股票代码：002423 股票简称：中粮资本 公告编号：2025-035 （二）《关于孙昌宇先生、李德罡先生辞去公司非独立董事职务的议案》 中粮资本控股股份有限公司 第六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的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中粮资本控股股份有限公司（以下简称"公司"）第六届董事会第三次会议 通知于 2025 年 10 月 21 日以书面或邮件形式发出，据此通知，会议于 2025 年 10 月 29 日在北京以现场方式召开，会议应到董事 7 名，实到 7 名。会议由公司 董事长孙彦敏先生主持，公司部分高级管理人员列席会议。会议的召集、召开符 合《中华人民共和国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 本次会议审议通过以下议案： （一）《公司 2025 年第三季度报告》 公司董事会审计委员会事前审议通过了该事项，并同意提交公司董事会审议。 议案表决情况：赞成 7 票；反对 0 票；弃权 0 票。 相关内容详见公司 2025 年 10 月 31 日在巨潮资讯网刊登的《中粮资本控股 股份有限公司 2025 ...

Core Insights - COFCO Capital (002423.SZ) reported a total operating revenue of 7.169 billion yuan for the first three quarters, representing a year-on-year decline of 8.55% [1] - The net profit attributable to shareholders of the listed company was 1.025 billion yuan, down 56.11% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.019 billion yuan, reflecting a year-on-year decrease of 56.34% [1]

Group 1 - The core point of the article is that COFCO Capital reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the revenue was 2.275 billion yuan, a year-on-year decrease of 21.74% [1] - The net profit for the third quarter was 178 million yuan, a year-on-year decrease of 64.31% [1] - For the first three quarters, the revenue totaled 7.169 billion yuan, a year-on-year decrease of 8.55% [1] - The net profit for the first three quarters was 1.025 billion yuan, a year-on-year decrease of 56.11% [1]