Core Viewpoint - Jingu Co., Ltd. (002488) expects a significant increase in net profit attributable to shareholders for the first three quarters of 2025, projecting between 40 million to 60 million yuan, which represents a year-on-year growth of 23.57% to 85.35% [1] Group 1 - The company's Avatar low-carbon wheel business has shown continuous growth during the reporting period [1] - The production capacity of the newly established Avatar low-carbon wheel production base is gradually being released [1] - The automotive parts business has maintained stable growth [1]

Report Overview [Important Notice](index=1&type=section&id=Important%20Notice) Zhejiang Jingu Co., Ltd. forecasts significant growth in net profit attributable to shareholders and net profit after non-recurring items for Q1-Q3 2025 - The performance forecast period is from January 1, 2025, to September 30, 2025, with **net profit expected to be positive and increase year-on-year**[7](index=7&type=chunk) Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company anticipates substantial growth in Q1-Q3 2025 net profit attributable to shareholders and net profit after non-recurring items, alongside increased basic EPS Key Financial Indicators for Q1-Q3 2025 Performance Forecast (Unit: Million CNY) | Indicator | Current Period (Forecast) | Prior Year Period | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 40 — 60 | 32.37 | 23.57% — 85.35% | | Net Profit After Non-Recurring Items | 34 — 54 | 25.30 | 34.39% — 113.45% | | Basic Earnings Per Share (CNY/share) | 0.04 — 0.06 | 0.03 | - | [Communication with Accounting Firm](index=1&type=section&id=Communication%20with%20Accounting%20Firm) This performance forecast is a preliminary estimate by the company's finance department and has not been pre-audited - This performance forecast has **not been pre-audited by an accounting firm**[5](index=5&type=chunk) Analysis of Performance Changes Performance growth is driven by Avatar low-carbon wheel business expansion, new production base operations, and increased R&D investment in new materials for high-end manufacturing competitiveness - The Avatar low-carbon wheel business achieved sustained growth, with new production bases gradually releasing capacity after commissioning, driving **stable growth in the automotive parts business**[6](index=6&type=chunk) - The company continues to increase R&D and innovation efforts, focusing on expanding the application of new materials like **Avatar niobium micro-alloys in embodied AI and electric transportation**[6](index=6&type=chunk) - This will drive the company to form a new material product matrix, enhancing its **comprehensive competitiveness in high-end manufacturing**[6](index=6&type=chunk) Other Related Explanations This unaudited performance forecast is a preliminary estimate; final data will be in the Q3 2025 report, and investors are advised to note investment risks - This performance forecast is a preliminary estimate by the company's finance department and has **not been audited by an auditing firm**[8](index=8&type=chunk) - The final performance data will be subject to the **company's disclosed Q3 2025 report**[8](index=8&type=chunk) - Investors are kindly requested to **make prudent decisions and be aware of investment risks**[8](index=8&type=chunk)

Core Viewpoint - The company believes that recent escalations in tariff disputes will not impact its operations, as it has already faced higher tariffs due to anti-dumping and countervailing measures from Europe and the U.S. [2] Group 1: Impact of Tariffs - The company has previously been affected by anti-dumping and countervailing measures from Europe and the U.S., resulting in tariffs that are significantly higher than current or potential new tariffs [2] - The company asserts that the recent tariff escalations will not have an effect on its business operations [2] Group 2: Product Demand and Expansion - The company's Avatar low-carbon wheel products are primarily focused on the domestic market and are currently in a state of supply shortage [2] - To actively expand its overseas market, the company has invested in a new production line for Avatar low-carbon wheels in Thailand, which is expected to commence production by the end of 2025 [2] - This new production line is anticipated to inject new growth momentum into the company's overseas business [2]

Core Viewpoint - The company is responding to investor suggestions regarding the development of lightweight high-speed rail wheels using advanced materials and technologies, indicating a strategic focus on innovation and collaboration in the rail transportation sector [1] Group 1: Company Initiatives - The company has introduced a new lightweight product, the Avatar low-carbon wheel, characterized by high strength, low cost, and low carbon emissions [1] - The company is increasing its research and development efforts to explore more horizontal product development and application scenarios based on existing research in new materials, processes, and technologies [1] Group 2: Industry Context - There is a pressing demand for lightweight components in high-speed rail, particularly for wheels, which presents significant weight reduction potential [1] - The company is encouraged to engage with the China Academy of Railway Sciences to provide technical briefings and collaborate on testing material fatigue resistance and wear resistance, which could lead to advancements in high-speed rail wheel technology [1]

每经AI快讯，有投资者在投资者互动平台提问：今天股市股票大跌，是不是三季度业绩没有达到预 期？另外，贵司下半年在手订单如何？经营是否正常？ 金固股份（002488.SZ）10月13日在投资者互动平台表示，目前公司经营情况良好，公司在国内外已布 局建设多个生产基地，也获得多个海内外定点项目，部分项目已经批量供货。公司三季度业绩情况届时 请关注公司定期报告。 （文章来源：每日经济新闻） ...

Core Points - Jin Gu Co., Ltd. experienced a significant decline of 8.25% in stock price, with a trading volume of 4.12 billion yuan and a turnover rate of 3.89% [2] - The stock was listed on the Shenzhen Stock Exchange due to a daily price deviation of -7.51%, with institutional investors net selling 10.02 million yuan [2] - The stock saw a net outflow of 48.49 million yuan in main funds, with large orders contributing to a net outflow of 24.64 million yuan [2] Trading Activity - The latest margin trading balance for Jin Gu Co., Ltd. is 602 million yuan, with a financing balance of 599 million yuan and a securities lending balance of 2.96 million yuan [3] - Over the past five days, the financing balance decreased by 8.83 million yuan, a decline of 1.45%, while the securities lending balance increased by 1.03 million yuan, an increase of 53.69% [3] - On October 13, the top trading departments included the Shenzhen Stock Connect, which had a net buying amount of 33.18 million yuan and a selling amount of 27.02 million yuan [3]

Group 1: Innovation in Pharmaceuticals - The State Council has introduced regulations to standardize clinical research and application of biomedical technologies, promoting innovation and ensuring medical quality and safety [1] - The innovative pharmaceutical industry is experiencing positive fundamentals, with overseas licensing amounts exceeding $66.8 billion by mid-2025, and 31% of innovative drugs introduced by international pharmaceutical companies originating from China [1] Group 2: Infrastructure Development - Seven departments, including the Ministry of Industry and Information Technology, have released a plan to enhance new information infrastructure, focusing on the integration of "5G + industrial internet" and the development of computing power infrastructure [2] - The plan aims to promote the resourceization and assetization of industrial data, and to integrate artificial intelligence technologies with service-oriented manufacturing [2] Group 3: Financial Standards - The China Securities Regulatory Commission has published three financial industry standards related to securities exchanges and asset securitization, effective immediately [3] Group 4: Housing and Urban Development - The Ministry of Housing and Urban-Rural Development is deepening reforms in the housing and real estate sectors during the 14th Five-Year Plan, aiming to establish a new model for real estate development and improve the housing supply system [4] Group 5: Healthcare Pricing Regulation - The National Healthcare Security Administration has initiated a special rectification of "dual pricing" practices in designated retail pharmacies, emphasizing the need for fair pricing for insured patients [5][6] Group 6: Cloud Computing Standards - The Ministry of Industry and Information Technology and the National Standardization Administration have issued guidelines for the construction of a comprehensive cloud computing standardization system, aiming to establish over 30 new national and industry standards by 2027 [7] Group 7: Company News - Nengke Technology plans to raise up to 1 billion yuan for the development of its AI training platform [8] - Various companies reported significant year-on-year profit increases, with notable growth from Dao Shi Technology (408.27%) and Dongyangguang (171.08% - 199.88%) [8]

Key Points - The revenue from products used for controlled nuclear fusion at Ha Huan Huatong accounts for less than 1% of total revenue [1] - Dongyangguang expects a net profit increase of 171.08% to 199.88% in the first three quarters [2] - Lianhua Holdings anticipates a net profit increase of 51.39% to 69.55% in the first three quarters [5] - Allwinner Technology projects a net profit growth of 72.2% to 92.06% year-on-year for the first three quarters [5] - Northern Rare Earth expects a net profit increase of 272.54% to 287.34% in the first three quarters [5] - Strong瑞 Technology's controlling shareholder and its concerted parties plan to reduce their holdings by no more than 3% [5] - East China Airlines Logistics' shareholder Tianjin Ruiyuan intends to reduce holdings by no more than 15.8756 million shares [5] - New Light Optoelectronics' actual controller and director Kang Lixin plans to increase holdings by 5 million to 10 million yuan [5] - Jiulian Technology plans to raise no more than 182 million yuan through a private placement [5] - Jingu Co. signed a strategic cooperation agreement with Ninebot [5]

Financial Performance - Jinling Mining reported a net profit of 220 million yuan for the first three quarters, representing a year-on-year increase of 47.09% [1] - Northern Rare Earth expects a net profit of 1.51 billion to 1.57 billion yuan for the first three quarters, a year-on-year increase of 272.54% to 287.34% [2] - Chuanjinno anticipates a net profit of 290 million to 310 million yuan for the first three quarters, with a year-on-year growth of 162.56% to 180.66% [3] - Allwinner Technology expects a net profit of 260 million to 290 million yuan for the first three quarters, a year-on-year increase of 72.20% to 92.06% [15] - Youyan New Materials forecasts a net profit of 230 million to 260 million yuan for the first three quarters, a year-on-year growth of 101% to 127% [16] - Qianyuan Electric anticipates a net profit of 451 million to 531 million yuan for the first three quarters, representing a year-on-year increase of 70% to 100% [18] Corporate Actions - Aowei New Materials announced that its stock will resume trading on October 13 after a suspension due to unusual trading fluctuations [4] - Dongxin Co. plans to transfer 13.2675 million shares, accounting for 3.00% of the total share capital, through a pricing inquiry [5] - Xibei Securities announced the resignation of its fund manager due to retirement [6] - Aviation Control reported the resignation of its vice chairman due to job relocation [7] - BOE Technology Group announced the resignation of its vice chairman for personal reasons [9] - Standard Shares reported the resignation of its chairman due to work adjustments [10] - Kent Shares announced the resignation of its deputy general manager for personal reasons [10] Strategic Developments - Keda Li plans to establish a wholly-owned subsidiary in Hong Kong with an investment of up to 3 million HKD to enhance its international presence [13] - Jiekang Equipment completed the acquisition of 51% of Shandong Carbon Seeking's shares, which will be included in its consolidated financial statements [12] - China Energy Construction signed three total contracting projects for wind and solar power in Saudi Arabia, with a total contract value of approximately 19.554 billion yuan [14]

Core Viewpoint - The strategic cooperation between Jingu Co., Ltd. and Ninebot Company aims to enhance industry influence and competitiveness in the electric transportation sector by focusing on lightweight, high-strength materials to replace traditional structures [1][2]. Group 1: Company Overview - Jingu Co., Ltd. specializes in the research, production, and sales of automotive wheels and has developed a new material called Avatar niobium microalloy, which offers high strength, good toughness, low cost, and reduced carbon emissions, achieving large-scale application in the wheel industry [1]. - Ninebot Company has a strong presence in the smart short transportation sector, with a diverse product line including electric balance bikes, scooters, all-terrain vehicles, service robots, and E-bikes, leading the market in smart electric two-wheeled vehicles [1]. Group 2: Strategic Cooperation Details - The cooperation will focus on three core areas: 1. Ninebot will leverage its product resources and technological advantages to assist Jingu in accelerating the innovative application of Avatar niobium microalloy in industrial upgrades [2]. 2. Jingu will collaborate with Ninebot to develop lightweight, high-strength, and low-cost components for electric two-wheelers and service robots, utilizing its expertise in new materials [2]. 3. Both companies will share market analysis and investment opportunities, establishing a collaborative mechanism to ensure efficient progress in their partnership [2]. Group 3: Industry Context and Future Prospects - The demand for lightweight and environmentally friendly materials in the electric transportation sector is increasing due to national policies such as the "Electric Bicycle Safety Technical Specifications" and the "Plastic Limit Order" [1]. - Jingu has reported significant progress in applying Avatar niobium microalloy in emerging fields such as embodied intelligent robots and low-altitude aircraft, with ongoing collaborations with various companies to advance key component projects [3].