Core Viewpoint - Zhongchao Holdings (002471) reported a slight increase in total revenue for Q1 2025, but showed improvements in profitability metrics despite negative net profits [1][2] Financial Performance - Total revenue for Q1 2025 reached 1.035 billion yuan, a year-on-year increase of 0.81% [1] - The company's net profit attributable to shareholders was -20.24 million yuan, an improvement of 23.08% year-on-year [1] - The adjusted net profit was -20.43 million yuan, reflecting a year-on-year increase of 27.94% [1] Profitability - Gross margin for the reporting period was 10.46%, up 7.58% year-on-year [2] - Net margin was -2.02%, an increase of 20.64% year-on-year, indicating better cost control [2] Cost Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 94.5284 million yuan, accounting for 9.13% of revenue, a decrease of 15.28% from the previous year [3] Asset and Liability Situation - As of the end of Q1 2025, cash and cash equivalents were 785 million yuan, a year-on-year increase of 30.49% [4] - Accounts receivable stood at 2.038 billion yuan, down 3.62% year-on-year [4] - Interest-bearing debt was 1.938 billion yuan, an increase of 2.22% year-on-year, with a debt-to-asset ratio of 34.12% [4] Cash Flow Situation - Operating cash flow per share was -0.18 yuan, a decrease of 9.15% year-on-year [5] - The ratio of cash and cash equivalents to current liabilities was only 24.56%, with a three-year average operating cash flow to current liabilities ratio of 6.17% [5] Dividends and Financing - Since its listing, Zhongchao Holdings has raised a total of 1.198 billion yuan and distributed dividends totaling 305 million yuan, resulting in a dividend-to-financing ratio of 0.26 [6] Business Model and Evaluation - The company's performance is primarily driven by research and marketing efforts, with a return on invested capital (ROIC) of 1.83%, indicating weak capital returns [7] - The net profit margin was -0.43%, suggesting low added value in products or services [7]

一、主要会计数据和财务指标 二、前10名无限售条件股东持股情况 三、分红送配方案情况 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0155 | -0.0207 | 25.12 | -0.0348 | | 每股净资产（元） | 1.26 | 1.21 | 4.13 | 1.05 | | 每股公积金(元) | 0.12 | 0.07 | 71.43 | 0 | | 每股未分配利润(元) | 0.15 | 0.20 | -25 | 0.02 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 10.35 | 10.27 | 0.78 | 10.59 | | 净利润(亿元) | -0.2 | -0.26 | 23.08 | -0.44 | | 净资产收益率(%) | -1.17 | -1.59 | 26.42 | -3.28 | 本次公司不分配不转赠。 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,035,292,953.17, representing a year-on-year increase of 0.81% compared to ¥1,026,938,489.21 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥20,237,919.29, an improvement of 23.08% from a loss of ¥26,309,319.27 in the previous year[5]. - The net profit for the current period was a loss of ¥20,928,102.37, an improvement compared to a loss of ¥26,157,271.01 in the previous period, reflecting a decrease in losses of approximately 20.5%[24]. - Basic earnings per share improved to -0.0155 from -0.0207, reflecting a positive trend in earnings performance[24]. - The company reported a comprehensive income total of ¥2,708,131.34, a significant recovery from a loss of ¥19,092,457.12 in the previous period[24]. Cash Flow - The net cash flow from operating activities was negative at ¥243,642,780.14, which is a decline of 9.15% compared to the previous year's negative cash flow of ¥223,215,933.85[5]. - Operating cash flow for the current period was -243,642,780.14 CNY, compared to -223,215,933.85 CNY in the previous period, indicating a decline in cash flow from operations[25]. - The net cash flow for the period was -280,165,899.67 CNY, compared to -272,716,071.11 CNY in the previous period, showing continued cash outflow[26]. - The ending cash and cash equivalents balance decreased to 62,817,632.90 CNY from 93,842,767.53 CNY in the previous period, reflecting a cash depletion[26]. - The total cash inflow from operating activities was 1,259,089,924.98 CNY, down from 1,424,081,775.76 CNY in the previous period, indicating a decline in operational revenue[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,642,854,292.76, a decrease of 0.30% from ¥5,659,787,946.38 at the end of the previous year[5]. - Current liabilities totaled ¥3,766,591,950.25, a decrease from ¥3,800,339,939.89, reflecting a reduction of about 0.9%[22]. - Non-current liabilities increased to ¥111,521,608.39 from ¥108,526,361.78, representing an increase of approximately 2.0%[22]. - The company's equity attributable to shareholders increased by 0.84% to ¥1,730,831,563.82 from ¥1,716,421,470.68 at the end of the previous year[5]. - The total equity attributable to shareholders of the parent company was ¥1,730,831,563.82, up from ¥1,716,421,470.68, indicating a growth of about 0.8%[22]. Investments and Projects - The company plans to issue up to 380,400,000 shares, raising a total of no more than RMB 1,210 million for projects including high-temperature alloy precision casting for aerospace engines and gas turbines[15]. - The investment amount for the high-end component manufacturing project has been updated to RMB 100,000 million, with the working capital adjusted from RMB 44 million to RMB 49 million[17]. - The total investment for the advanced high-temperature alloy precision forming intelligent manufacturing technology R&D project has been revised to RMB 99,500 million[16]. - The company is transitioning the implementation location of the high-end component manufacturing project to a non-related party site, indicating a strategic shift in operational planning[17]. Receivables and Inventory - Other receivables increased by 456.90% to ¥166,049,588.86, as the company focused on its main business and adjusted its asset structure[9]. - The company’s other receivables increased from RMB 36,342,428.68 to RMB 202,392,017.54, showing a significant rise of approximately 454.5%[20]. - Inventory increased by 35.66% to ¥236,264,360.58, mainly due to rising copper prices and increased customer orders[9]. - Inventory increased significantly from RMB 662,631,919.61 to RMB 898,896,280.19, reflecting a growth of approximately 35.7%[20]. - Accounts receivable decreased from RMB 2,155,384,155.68 to RMB 2,037,504,100.62, indicating a reduction of approximately 5.4%[20]. Costs and Expenses - Total operating costs decreased to ¥1,059,206,248.19 from ¥1,086,327,419.71, marking a reduction of about 2.5%[23]. - Research and development expenses were ¥34,305,543.67, down from ¥45,527,452.59, indicating a reduction of about 24.7%[24]. - Cash outflow for employee compensation was 110,453,450.50 CNY, slightly up from 104,462,329.28 CNY in the previous period, reflecting increased labor costs[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,308, with the largest shareholder holding 16.10% of the shares[13]. - The company has approved the extension of the validity period for the stock issuance resolution by 12 months[18]. - The company’s total assets and liabilities will be adjusted following the repurchase and cancellation of 240,000 restricted stocks due to the departure of an incentive object[18]. Audit and Reliability - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[27].

歌尔股份公告称，公司于2025年4月10日审议通过回购方案，拟回购5亿至10亿元用于员工持股计划或股 权激励计划。4月16日，公司取得中国建设银行潍坊分行8.6亿元贷款承诺书，用于回购公司股票，期限 36个月，承诺书有效期两年或至借款合同生效之日。该贷款符合相关政策要求，不代表公司对回购金额 的承诺，具体回购资金总额以回购期满时实际使用的资金总额为准。 2、中国中铁：收到工商银行16亿元回购专项贷款承诺函 中国中铁公告，公司近日取得中国工商银行北京市分行出具的《贷款承诺函》，承诺为公司提供不超过 人民币16亿元且不高于实际执行回购计划90%的公司股票回购专项贷款，专项用于公司以集中竞价交易 方式回购公司A股股份，贷款期限不超过3年。 3、光韵达：拟以不超6.5亿元现金收购亿联无限100%股份 光韵达公告称，公司与陈政、王周锋等交易对手方签署了《股份转让意向协议书》，拟以现金方式收购 深圳市亿联无限科技股份有限公司100%的股份，最终收购比例由各方协商确定。本次交易对价不超过 6.5亿元。本次交易预计不构成关联交易或重大资产重组。亿联无限是一家专业从事宽带接入设备、无 线网络设备等网络设备的研发、生产和销售的高 ...

关于中标的提示性公告 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。 证券代码：002471 证券简称：中超控股 公告编号：2025-031 江苏中超控股股份有限公司 近日，国家电网公司发布了中标结果或公示结果公告，江苏中超控股股份有 限公司（以下简称"公司"）全资子公司无锡市明珠电缆有限公司（以下简称"明 珠电缆"）、江苏远方电缆厂有限公司（以下简称"远方电缆"）、江苏长峰电 缆有限公司（以下简称"长峰电缆"）、控股子公司江苏中超电缆股份有限公司 （以下简称"中超电缆"）为中标人，现将有关情况提示如下： | 序 号 | 招标/采购编号 | 项目名称/招标人 | 设备材料/货物名称 | 中标人 | 中标金额 | | --- | --- | --- | --- | --- | --- | | | | | | | （万元） | | | | 国网河北电力 2025 年 | | | | | 1 | 0425AA | 第一次物资类协议库存 | 布电线 | 中超电缆 | 501.54 | | | | 公开招标采购 | | | | | 2 | | 国家电网有限公司 | 低压 ...

中超控股（002471）公告，公司全资子公司明珠电缆、远方电缆、长峰电缆及控股子公司中超电缆近日 中标国家电网公司多个项目，中标金额共计2.55亿元。中标项目包括布电线、低压电力电缆、10kV电力 电缆和架空绝缘导线等。中标金额占公司2024年度经审计营业总收入的4.64%。本次中标将对公司经营 业绩产生较为积极的影响。 ...

前十大流通股东累计持有： 34236.96万股，累计占流通股比： 26.23%，较上期变化： 3807.16万股。 | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 江苏中超投资集团有限公司 | 22044.40 | 16.89 | 不变 | | 许钢生 | 6499.36 | 4.98 | 新进 | | 杨飞 | 1596.23 | 1.22 | 不变 | | 范小峰 | 711.94 | 0.55 | 新进 | | 刘正侠 | 699.73 | 0.54 | 新进 | | 姜宏波 | 649.22 | 0.50 | 100.00 | | 范雯 | 545.73 | 0.42 | 新进 | | UBS AG | 501.05 | 0.38 | 新进 | | 韩俊锡 | 500.00 | 0.38 | 50.00 | | 余英尔 | 489.30 | 0.37 | -1785.88 | | | 较上个报告期退出前十大股东有 | | | | 张秀 | 1317.58 | 1.04 | 退出 | | J. P. Morgan ...

江苏中超控股股份有限公司 内部控制审计报告 苏亚审内 〔2025〕 1 号 一、企业对内部控制的责任 审计机构：苏亚金诚会计师事务所（特殊普通合伙） 地 址：南京市泰山路 159 号正太中心 A 座 14-16 层 邮 编：210009 传 真：025-83235046 电 话：025-83235002 网 址：www.syjc.com 电子信箱：info@syjc.com 苏亚金诚会计师事务所( 特 殊 普通合伙) 苏 亚 审 内 〔2025〕 1 号 内部控制审计报告 江苏中超控股股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了 江苏中超控股股份有限公司（以下简称中超控股公司）2024 年 12 月 31 日的财务报告内 部控制有效性。 中国注册会计师: 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定，建立健全和有效实施内部控制，并评价其有效性是企业董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见， 并对注意到的非财务报告内部控制的重大缺陷进行披露。 ...

江苏中超控股股份有限公司 审计报告 苏亚审 〔2025〕 91 号 审计机构：苏亚金诚会计师事务所（特殊普通合伙） 地 址：南京市泰山路 159 号正太中心 A 座 14-16 层 邮 编：210009 传 真：025-83235046 电 话：025-83235002 网 址：www.syjc.com 电子信箱：info@syjc.com 苏亚金诚会计师事务所( 特 殊 普通合伙) 苏 亚 审 〔2025〕 91 号 审 计 报 告 江苏中超控股股份有限公司全体股东： 一、审计意见 我们审计了江苏中超控股股份有限公司（以下简称中超控股）财务报表，包括 2024 年 12 月 31 日的合并资产负债表及资产负债表，2024 年度的合并利润表及利 润表、合并现金流量表及现金流量表、合并所有者权益变动表及所有者权益变动表 以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公 允反映了中超控股 2024 年 12 月 31 日的财务状况以及 2024 年度的经营成果和现金 流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册 会 ...

苏亚金诚会计师事务所( 特 殊 普通合伙) 苏 亚 核 〔2025〕 24 号 关于江苏中超控股股份有限公司 关于江苏中超控股股份有限公司 2024年度营业收入扣除情况表的 专项审核报告 苏亚核 〔2025〕24 号 审计机构：苏亚金诚会计师事务所（特殊普通合伙） 地 址：南京市泰山路 159 号正太中心 A 座 14-16 层 邮 编：210009 传 真：025-83235046 电 话：025-83235002 网 址：www.syjc.com 电子信箱：info@syjc.com 2024 年度营业收入扣除情况表的专项审核报告 江苏中超控股股份有限公司全体股东： 我们接受委托，审计了江苏中超控股股份有限公司（以下简称中超控股）2024 年 12 月 31 日的合并资产负债表及资产负债表，2024 年度的合并利润表及利润表、合并现金流 量表及现金流量表和合并所有者权益变动表及所有者权益变动表以及财务报表附注，并于 2025 年 4 月 14 日出具了苏亚审〔2025〕91 号审计报告。在对上述财务报表审计的基础 上，我们审核了后附的中超控股 2024 年度营业收入扣除情况表(以下简称营业收入扣除情 况表 ...