Group 1 - The core point of the article is that Zhongchao Holdings (SZ 002471) announced a plan for a board member to reduce his shareholding by up to 52,500 shares, which is approximately 0.0038% of the total share capital [1] - As of the announcement, Zhongchao Holdings has a market capitalization of 6.5 billion yuan [1] - The revenue composition for Zhongchao Holdings from January to June 2025 indicates that the cable industry accounts for 98.77% of total revenue, while other segments contribute 0.91% and cable accessories account for 0.32% [1]

证券代码：002471 证券简称：中超控股 公告编号：2025-086 江苏中超控股股份有限公司 董事兼董事会秘书减持股份预披露公告 公司董事兼董事会秘书陈铖女士保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持有本公司股份 210,000 股（占本公司总股本比例 0.0153%）的董事兼董事 会秘书计划自本公告发布之日起十五个交易日后的 3 个月内以集中竞价方式减 持本公司股份不超过 52,500 股，占本公司总股本比例 0.0038%。 一、股东的基本情况 | 序号 | 股东名称 | 任职情况 | 持股数量（股） | 持股比例 | | --- | --- | --- | --- | --- | | 1 | 陈铖 | 董事兼董事会秘书 | 210,000 | 0.0153% | 注：截至本公告披露日，公司总股本为 1,368,760,000 股。 二、本次减持计划的主要内容 1、减持原因：个人资金需求。 2、具体安排： 3、调整说明：若减持计划期间因公司有送红股、配股、资本公积金转增股 本等股 ...

Core Viewpoint - The announcement from Zhongchao Holdings indicates that a board member and secretary, Chen Cheng, plans to reduce his shareholding due to personal financial needs, which will not significantly impact the company's operations or control [1] Summary by Relevant Sections Shareholding Reduction Plan - Chen Cheng holds 210,000 shares, representing 0.0153% of the total share capital, and intends to reduce his holdings by up to 52,500 shares, which is 0.0038% of the total share capital, through centralized bidding from November 28, 2025, to February 27, 2026 [1] Impact on Company - The planned reduction in shareholding is subject to uncertainty but is not expected to lead to a change in company control or have a significant impact on the company's operations [1]

Group 1 - The core point of the article is that Zhongchao Holdings (002471.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025 [1] Group 2 - For the first three quarters of 2025, the company achieved an operating income of 3.846 billion yuan, a year-on-year decrease of 2.21% [1] - The net profit attributable to shareholders of the listed company was a loss of 24.9823 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 26.6446 million yuan, with a basic earnings per share of -0.0191 yuan [1]

Core Viewpoint - Zhongchao Holdings (002471.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges faced by the company [1] Financial Performance - The company's operating revenue for the first three quarters was 3.846 billion yuan, a year-on-year decrease of 2.21% [1] - The net loss attributable to shareholders of the listed company was 24.9823 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 26.6446 million yuan [1] - Basic loss per share was 0.0191 yuan [1]

Core Viewpoint - Zhongchao Holdings, a significant player in the domestic wire and cable industry, is facing challenges in revenue and profitability despite its full industry chain advantages [1][2]. Group 1: Company Overview - Zhongchao Holdings was established on August 5, 1996, and listed on the Shenzhen Stock Exchange on September 10, 2010, with its registered and office address in Yixing, Jiangsu Province [1]. - The company specializes in the research, production, sales, and service of wire and cable, categorized under the power equipment industry [1]. Group 2: Financial Performance - For Q3 2025, Zhongchao Holdings reported revenue of 3.846 billion yuan, ranking 15th out of 40 in the industry, which is below the industry leader Baosheng's 37.65 billion yuan and the average of 5.823 billion yuan [2]. - The main business segment, power cables, generated 2.205 billion yuan, accounting for 84.45% of total revenue [2]. - The net profit for the same period was -26.9776 million yuan, placing the company 37th in the industry, significantly lower than the top performers [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 66.72%, down from 70.33% year-on-year but still above the industry average of 54.36%, indicating higher debt pressure [3]. - The gross profit margin was 10.18%, slightly down from 10.25% year-on-year and below the industry average of 13.49%, suggesting a need for improvement in profitability [3]. Group 4: Executive Compensation - The chairman, Li Bianfen, received a salary of 328,600 yuan in 2024, an increase of 110,000 yuan from 2023 [4]. - The general manager, Liu Guangzhong, earned 312,500 yuan in 2024, up by 20,100 yuan from the previous year [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.43% to 166,400, while the average number of circulating A-shares held per account decreased by 2.37% to 7,843 [5].

Financial Performance - The company's revenue for Q3 2025 was ¥1,235,210,331.47, a decrease of 21.11% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥31,616,250.28, representing a decline of 337.42% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥30,797,680.53, a decrease of 357.02% compared to the previous year[5]. - Total operating revenue for the current period was ¥3,846,276,208.75, a decrease of 2.2% from ¥3,933,394,975.95 in the previous period[24]. - Operating profit for the current period was -¥29,610,363.97, compared to -¥7,945,231.91 in the previous period, indicating a worsening performance[25]. - Net profit for the current period was -¥26,977,617.43, a significant decline from -¥7,419,475.66 in the previous period[25]. - The net profit attributable to the parent company was -24,982,266.60, compared to -6,818,317.04 in the previous period, indicating a significant increase in losses[26]. - The total comprehensive income amounted to 11,338,810.43, a recovery from a loss of -13,390,873.31 in the previous period[26]. - The basic earnings per share were -0.0191, worsening from -0.0054 in the previous period[26]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was -¥143,535,578.87, an increase of 36.76% in outflow compared to the previous year[5]. - Cash and cash equivalents decreased to ¥598,267,166.13 from ¥973,198,690.37, a decline of 38.6%[22]. - The net cash flow from operating activities was -143,535,578.87, an improvement from -226,968,774.69 in the previous period[28]. - Cash inflow from operating activities totaled 4,901,121,274.17, slightly down from 4,903,203,051.76 in the previous period[28]. - Cash outflow from operating activities was 5,044,656,853.04, compared to 5,130,171,826.45 in the previous period[28]. - The ending cash and cash equivalents balance was 207,335,674.70, compared to 128,374,303.21 in the previous period[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,340,152,595.25, down 5.65% from the end of the previous year[5]. - Total liabilities decreased to ¥3,562,723,595.74 from ¥3,908,866,301.67, a reduction of 8.8%[22]. - Owner's equity increased to ¥1,777,428,999.51 from ¥1,750,921,644.71, an increase of 1.5%[22]. - The total number of common shareholders at the end of the reporting period is 166,390[13]. Investments and Projects - Long-term equity investments increased by 311.52%, attributed to the conversion of certain investments into long-term equity[9]. - The company plans to issue up to 380,400,000 shares to raise a total of no more than 1,210 million RMB for projects including high-temperature alloy precision casting[15]. - The investment amount for the high-end component manufacturing project has been adjusted to 100,000 million RMB, with a working capital of 4,900 million RMB[17]. - The total investment for the high-end component manufacturing project has been updated from 99,500 million RMB to 100,000 million RMB[17]. - The company’s high-temperature alloy precision casting intelligent manufacturing technology research project has been renamed to "Advanced High-Temperature Alloy Precision Forming Intelligent Manufacturing Technology R&D Project"[16]. Shareholding Structure - Jiangsu Zhongchao Investment Group Co., Ltd. holds 16.11% of shares, totaling 220,444,030 shares, with 206,400,000 shares pledged[13]. - The total number of preferred shareholders is not applicable, indicating no preferred shares issued[14]. - The company has not experienced any changes in the shareholding structure of the top 10 shareholders due to securities lending[13]. Operational Metrics - The weighted average return on net assets was -1.80%, a decrease of 2.61% compared to the same period last year[5]. - The company experienced a 38.53% decrease in cash and cash equivalents, primarily due to increased operational expenditures[8]. - The inventory balance increased by 34.59% to reflect rising copper prices and increased customer orders[8]. - The company reported a 145.45% increase in credit impairment losses, primarily due to an increase in bad debt provisions[11]. - Accounts receivable decreased to ¥1,923,063,729.03 from ¥2,155,384,155.68, a reduction of 10.8%[22]. - Inventory increased to ¥891,807,489.77, up 34.6% from ¥662,631,919.61, indicating potential overstocking[22]. - Total operating costs decreased to ¥3,877,934,026.56, down 3.6% from ¥4,023,257,809.22[25].

Group 1 - The core point of the news is that Zhongchao Holdings has received formal acceptance from the Shenzhen Stock Exchange for its application to issue shares to specific investors, marking a significant step in its strategic layout in the aerospace high-end manufacturing sector [1] - The company plans to issue up to 380 million shares to no more than 35 specific investors, aiming to raise a total of no more than 1.21 billion yuan, which will be allocated to key projects in aerospace engine and gas turbine high-end component manufacturing, advanced high-temperature alloy precision forming technology research and development, and supplementing working capital [1] - This fundraising initiative aligns with the national "14th Five-Year Plan," which emphasizes "technological self-reliance" and includes "building a strong aerospace nation" as a key goal, highlighting the unprecedented strategic importance placed on the aerospace industry by the state [1] Group 2 - Jiangsu Precision Casting, a subsidiary of Zhongchao Holdings, has signed an agreement with Shanghai Jiao Tong University to participate in a national key technology research project focused on new materials, specifically responsible for the research on "high-temperature alloy large complex thin-walled castings," with results directly applicable to key components of aircraft engines [2] - Jiangsu Precision Casting's "high-temperature alloy overall liquid precision forming technology" won the National Technology Invention Award (Second Class) at the National Science and Technology Conference in June 2024, successfully overcoming industry challenges in the precision forming of large complex thin-walled components, and has been applied in major aerospace projects [2] - The aerospace industry chain is expected to encounter new development opportunities as the "14th Five-Year Plan" elevates the "strong aerospace nation" initiative, with Zhongchao Holdings expanding high-end capacity and deepening technological research and development, supported by its subsidiary's national project participation and recognition [2]

Core Points - The company has received a notification from the Shenzhen Stock Exchange regarding the acceptance of its application for a specific stock issuance [1] - The application documents submitted by the company were found to be complete, leading to the decision for acceptance by the exchange [1] - The issuance is subject to approval from the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission, indicating uncertainty regarding the final approval and timeline [1] Company Actions - The company will fulfill its information disclosure obligations in accordance with relevant regulations and requirements as the situation progresses [1] - Investors are advised to pay attention to investment risks associated with this matter [1]

Core Points - On October 23, 2025, Zhongchao Holdings announced that it received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application for a specific stock issuance [2] Group 1 - The Shenzhen Stock Exchange has verified that the application documents submitted by Zhongchao Holdings for the issuance of stocks to specific objects are complete and has decided to accept the application [2]