Company Overview - Zhejiang Yongqiang Group Co., Ltd. is located at No. 1 Qianjiang South Road, Linhai City, Zhejiang Province, established on June 18, 2001, and listed on October 21, 2010 [1] - The company specializes in the research, development, design, production, and sales of outdoor leisure furniture and products [1] Revenue Composition - The main revenue sources are as follows: leisure furniture accounts for 62.29%, shading furniture 36.25%, metal products 0.82%, accessories and others 0.64%, and tourism and consulting services 0.01% [1] Stock Performance - On October 31, Zhejiang Yongqiang's stock rose by 5.12%, reaching a price of 3.90 CNY per share, with a trading volume of 262 million CNY and a turnover rate of 3.58%, resulting in a total market capitalization of 8.459 billion CNY [1] Shareholder Information - Among the top ten circulating shareholders of Zhejiang Yongqiang, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 87,100 shares in the third quarter, now holding 9.9204 million shares, which is 0.52% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a current scale of 76.63 billion CNY. Year-to-date returns are 27.12%, ranking 2130 out of 4216 in its category; the one-year return is 25.9%, ranking 2007 out of 3889; and since inception, the return is 12.5% [2] Fund Management - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 6 years and 360 days. The total asset scale under management is 122.76 billion CNY, with the best fund return during the tenure being 182.39% and the worst being -15.93% [3]

Core Insights - Zhejiang Yongqiang (002489.SZ) reported a total operating revenue of 3.474 billion yuan for Q3 2025, with a net profit attributable to shareholders of 679 million yuan, and a net cash inflow from operating activities of 927 million yuan, which decreased by 210 million yuan compared to the same period last year, representing a year-on-year decline of 18.44% [1] Financial Performance - The company's latest debt-to-asset ratio stands at 36.42%, ranking 40th among disclosed peers, with an increase of 2.04 percentage points from the previous quarter [3] - The latest gross profit margin is 21.10%, ranking 60th among disclosed peers, which is a decrease of 0.71 percentage points from the previous quarter and a decline of 0.77 percentage points year-on-year [3] - The return on equity (ROE) is reported at 14.47% [3] - The diluted earnings per share (EPS) is 0.31 yuan [3] - The total asset turnover ratio is 0.45 times, ranking 39th among disclosed peers, which is a decrease of 0.03 times year-on-year, reflecting a decline of 5.89% [3] - The inventory turnover ratio is 1.95 times, ranking 60th among disclosed peers [3] Shareholder Structure - The number of shareholders is reported at 77,700, with the top ten shareholders holding a total of 1.259 billion shares, accounting for 58.06% of the total share capital [3] - The largest shareholder is Zhejiang Yongqiang Industrial Co., Ltd., holding 38.01% of the shares [3]

Core Viewpoint - Zhejiang Yongqiang is a leading outdoor leisure furniture manufacturer in China, established in 2001 and listed on the Shenzhen Stock Exchange in 2010, with strong R&D and production capabilities, and its products are sold both domestically and internationally [1] Group 1: Business Performance - In Q3 2025, Zhejiang Yongqiang reported revenue of 3.474 billion yuan, ranking 8th among 17 companies in the industry, with the top company, Gujia Home, generating 15.012 billion yuan [2] - The company's net profit for the same period was 684 million yuan, placing it 2nd in the industry, while Gujia Home led with a net profit of 1.602 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhejiang Yongqiang's debt-to-asset ratio was 36.42%, down from 38.49% in the previous year, which is lower than the industry average of 45.64% [3] - The company's gross profit margin for the same period was 21.10%, slightly down from 21.87% year-on-year, and also below the industry average of 31.44% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.16% to 77,700, while the average number of circulating A-shares held per shareholder increased by 7.71% to 24,600 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited was the second largest, holding 49.35 million shares, a decrease of 43.17 million shares from the previous period [5]

Core Viewpoint - Zhejiang Yongqiang (002489.SZ) reported a revenue of 3.474 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 5.37% [1] - The net profit attributable to shareholders reached 679 million yuan, marking a year-on-year increase of 39.22% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 215 million yuan, showing a significant year-on-year increase of 81.31% [1] - Basic earnings per share stood at 0.31 yuan [1] Financial Performance - Revenue for the first three quarters: 3.474 billion yuan, up 5.37% year-on-year [1] - Net profit attributable to shareholders: 679 million yuan, up 39.22% year-on-year [1] - Net profit after deducting non-recurring items: 215 million yuan, up 81.31% year-on-year [1] - Basic earnings per share: 0.31 yuan [1]

Group 1 - Zhejiang Yongqiang announced the convening of its seventh board meeting on October 30, 2025, via telecommunication to review the third quarter report for 2025 [1] - For the first half of 2025, Zhejiang Yongqiang's revenue composition was as follows: outdoor leisure furniture and supplies accounted for 98.53%, metal products for 0.82%, others for 0.64%, and air ticket tourism services for 0.01% [1] - As of the report, Zhejiang Yongqiang's market capitalization was 8 billion yuan [1]

Group 1 - Zhejiang Yongqiang reported a revenue of approximately 3.474 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 5.37% [1] - The net profit attributable to shareholders of the listed company was approximately 679 million yuan, showing a year-on-year increase of 39.22% [1] - The basic earnings per share reached 0.31 yuan, which is a year-on-year increase of 40.91% [1] Group 2 - As of the report date, Zhejiang Yongqiang has a market capitalization of 8 billion yuan [2]

浙江永强集团股份有限公司（以下简称"公司"）第七届董事会第三次会议（以下 简称"会议"）通知于2025年10月20日以专人送达、传真或电子邮件等形式发出，会议 于2025年10月30日以通讯表决方式召开。应参与表决董事9人，实际参与表决董事9人。 公司高级管理人员列席了本次会议。 本次会议的召集、召开以及参与表决董事人数符合《中华人民共和国公司法》《公 司章程》等有关法律、法规的规定。会议由董事长谢建勇先生主持，经参加会议董事认 真审议并经记名投票方式表决，审议通过以下决议： 第一项、 以 9 票同意，0 票反对，0 票弃权，审议通过了《关于审议公司 2025 年 第三季度报告的议案》； 公司2025年第三季度实现营业收入3.94亿元，比去年同期增加24.49%；2025年前三 季度实现营业总收入34.74亿元，同比上升5.37%。公司2025年第三季度实现归属于母公 司股东的净利润为1.66亿元，比去年同期上升895.76%；前三季度实现归属于母公司股 东的净利润6.79亿元，同比上升39.22%，且实现归属于母公司股东的扣除非经常性损益 的净利润2.15亿元，同比上升81.31%。 《2025年第三季度报 ...

Core Insights - Zhejiang Yongqiang reported a revenue of 394 million yuan for Q3 2025, representing a year-on-year growth of 24.49% [1] - The net profit attributable to shareholders reached 166 million yuan, showing a significant increase of 895.76% year-on-year [1] - Basic earnings per share stood at 0.08 yuan for Q3 2025 [1] Financial Performance - For the first three quarters, the company achieved a total revenue of 3.474 billion yuan, reflecting a year-on-year growth of 5.37% [1] - The net profit attributable to shareholders for the first three quarters was 679 million yuan, which is a year-on-year increase of 39.22% [1] - Basic earnings per share for the first three quarters were reported at 0.31 yuan [1]

浙江永强集团股份有限公司 2025 年第三季度报告 证券代码：002489 证券简称：浙江永强 公告编号：2025-048 浙江永强集团股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 浙江永强集团股份有限公司 2025 年第三季度报告 一、主要财务数据 2 浙江永强集团股份有限公司 2025 年第三季度报告 | 少数股东权益影响额 | -405,526.16 | -385,971.94 | | | --- | --- | --- | --- | | （税后） | | | | | 合计 | 265,507,230.61 | 463,425,694.54 | -- | （一） 主要会计数据和财务指标 公司是否需追溯 ...

Core Points - Zhejiang Yongqiang Group Co., Ltd. announced a name change of its controlling shareholder from Zhejiang Yongqiang Industrial Co., Ltd. to Zhejiang Qiangzhe Industrial Group Co., Ltd. due to business development needs [1] - The new business license issued by the Market Supervision Administration of Linhai City indicates that the registered capital of the controlling shareholder is 80 million yuan [1] - The change in the name of the controlling shareholder does not involve any changes in shareholding or affect the company's operational activities [1] Company Information - The controlling shareholder was established on December 19, 2006, and is a limited liability company with the legal representative being Xie Xianxing [1] - The business scope includes furniture manufacturing and sales, metal materials manufacturing, household appliances manufacturing, and various other manufacturing and sales activities [1] - The company operates in multiple sectors, including furniture, hardware products, lighting fixtures, sports equipment, and smart home devices [1]