Core Viewpoint - Liyuan Co., Ltd. is a domestic enterprise in the aluminum profile and deep processing product sector, facing significant challenges in revenue and profitability compared to industry peers [1][2][3]. Group 1: Company Overview - Liyuan Co., Ltd. was established on November 13, 2001, and listed on the Shenzhen Stock Exchange on November 17, 2010, with its registered and office address in Liaoyuan City, Jilin Province [1]. - The company specializes in the research, production, and sales of aluminum profiles and deep processing products, serving sectors such as high-speed rail, automotive lightweighting, nuclear fusion, superconductivity, and nuclear power [1]. Group 2: Financial Performance - For Q3 2025, Liyuan's revenue was 197 million yuan, ranking 31st among 31 companies in the industry, while the top company, China Aluminum, reported revenue of 176.516 billion yuan [2]. - The main business composition includes self-produced aluminum profiles at 84.455 million yuan (86.37%), aluminum liquid at 8.5538 million yuan (8.75%), and aluminum profile processing at 4.7775 million yuan (4.89%) [2]. - The net profit for the same period was -89.4574 million yuan, placing the company 30th in the industry, with the industry leader, China Aluminum, achieving a net profit of 17.296 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Liyuan's debt-to-asset ratio was 72.12%, significantly higher than the industry average of 46.20%, indicating substantial debt pressure [3]. - The gross profit margin was -6.33%, an improvement from -19.32% year-on-year, but still below the industry average of 10.69%, suggesting a need for enhanced profitability [3]. Group 4: Executive Compensation - The chairman, Xu Mingzhe, received a salary of 1.2 million yuan in 2024, an increase of 700,000 yuan from the previous year [4]. - The president, Liu Shumao, saw a slight decrease in salary from 1.061 million yuan in 2023 to 1.0453 million yuan in 2024 [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.32% to 98,200, while the average number of circulating A-shares held per shareholder increased by 9.08% to 36,100 [5]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the ninth largest, holding 22.9756 million shares as a new shareholder [5].

Core Insights - Liyuan Co., Ltd. (002501.SZ) released its Q3 2025 report, indicating a total of 9 institutional investors holding shares, amounting to 1.262 billion shares, which represents 35.55% of the total share capital [1] - The institutional holding ratio increased by 0.08 percentage points compared to the previous quarter [1] - Three public funds were disclosed this period, with no new public funds reported compared to the last quarter [1] - One new foreign institution, Hong Kong Central Clearing Limited, was disclosed this quarter [1] Institutional Holdings - A total of 9 institutional investors disclosed their holdings in Liyuan Co., Ltd., with a combined holding of 1.262 billion shares [1] - The institutional investors include various companies such as Beiyou Intelligent Technology, Jilin Bank, and Northeast Securities, among others [1] - The overall institutional holding ratio increased slightly by 0.08 percentage points from the previous quarter [1] Public Funds - This quarter saw the disclosure of 3 public funds, including CITIC Securities Vision Return A, Huaxia National Index 2000 Enhanced Initiation A, and Huaxia CSI 800 Index Enhanced A [1] - No new public funds were reported compared to the previous quarter [1] Foreign Investment - One new foreign institution, Hong Kong Central Clearing Limited, was disclosed this quarter, indicating a continued interest from foreign investors [1]

吉林利源精制股份有限公司 证券代码：002501 证券简称：利源股份 公告编号：2025-074 第六届监事会第八次会议决议公告 本公司及监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。 吉林利源精制股份有限公司（以下简称"公司"）第六届监事会第八次会议于 2025 年 10 月 28 日在公司会议室召开。本次会议通知于 2025 年 10 月 25 日以通 讯、书面报告或网络等方式发出。本次会议由监事会主席马勇先生主持，会议采 取现场结合通讯方式进行了表决。会议应出席监事 3 人，亲自出席监事 3 人。会 议的召集、召开符合《中华人民共和国公司法》《公司章程》及有关法律法规的 规定。 经与会监事审议表决，一致通过如下议案： （一）审议通过了《关于 2025 年第三季度报告的议案》 表决结果：3 票赞成、0 票弃权、0 票反对、0 票回避 公司根据 2025 年第三季度实际情况，编制了《2025 年第三季度报告》。经 审核，监事会认为董事会编制和审议公司《2025 年第三季度报告》的程序符合 法律、行政法规及中国证监会、深圳证券交易所有关规定的要求，报告内容真实、 准确 ...

证券代码：002501 证券简称：利源股份 公告编号：2025-073 吉林利源精制股份有限公司 第六届董事会第十六次会议决议公告 （一）审议通过了《关于 2025 年第三季度报告的议案》 表决结果：9 票赞成、0 票反对、0 票弃权、0 票回避 具体内容详见公司同日刊登在巨潮资讯网（www.cninfo.com.cn）的相关公告。 本事项已经公司董事会审计委员会审议通过。 特此公告。 吉林利源精制股份有限公司董事会 2025 年 10 月 30 日 1 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。 吉林利源精制股份有限公司（以下简称"公司"）第六届董事会第十六次会议 于 2025 年 10 月 28 日在公司会议室召开。本次会议通知于 2025 年 10 月 25 日以 通讯、书面报告或网络等方式发出。本次董事会由董事长许明哲先生主持，会议 采取现场结合通讯方式进行了表决。会议应出席董事 9 人，亲自出席董事 9 人。 公司全体监事和全体高级管理人员列席了本次会议。本次会议的召开符合《中华 人民共和国公司法》和《公司章程》及有关法律法规的规定。 经与会董事 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥98,803,260.80, representing an increase of 83.06% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥30,723,786.35, a decrease of 26.17% year-on-year[5]. - The net cash flow from operating activities was -¥125,199,695.17, showing an improvement of 40.45% compared to the previous year[12]. - Total operating revenue for the current period was ¥196,589,990.81, a decrease of 17.1% compared to ¥237,292,247.75 in the previous period[29]. - Total operating costs decreased to ¥267,843,262.42 from ¥336,539,365.22, representing a reduction of 20.5%[29]. - Net loss attributable to shareholders of the parent company was ¥88,426,516.65, compared to a loss of ¥116,594,365.64 in the previous period, indicating an improvement of 24.1%[30]. - The total comprehensive income attributable to the parent company was -88,426,516.65 CNY, compared to -116,594,365.64 CNY in the previous period, showing an improvement of approximately 24%[31]. - Basic and diluted earnings per share were both -0.02 CNY, compared to -0.03 CNY in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥998,623,635.13, reflecting a growth of 7.29% from the end of the previous year[5]. - Total assets increased to ¥998,623,635.13 from ¥930,751,092.09, reflecting a growth of 7.3%[28]. - Total liabilities rose to ¥720,230,814.51 from ¥563,998,276.83, an increase of 27.7%[28]. - Non-current liabilities totaled ¥311,372,659.40, slightly up from ¥304,753,414.10, showing a marginal increase of 2.0%[28]. - The total equity attributable to shareholders decreased to ¥263,656,288.40 from ¥351,015,433.80, a decline of 25.0%[28]. Cash Flow - Cash inflows from operating activities totaled 98,779,114.71 CNY, an increase from 91,692,627.96 CNY in the previous period, representing an increase of about 8%[31]. - Cash outflows from operating activities were 223,978,809.88 CNY, down from 301,937,805.40 CNY in the previous period, indicating a reduction of approximately 26%[31]. - The net cash flow from operating activities was -125,199,695.17 CNY, an improvement from -210,245,177.44 CNY in the previous period[31]. - Cash inflows from investing activities amounted to 3,320,000.00 CNY, significantly lower than 40,146,863.00 CNY in the previous period[32]. - Cash outflows from investing activities were 1,962,627.93 CNY, down from 5,780,228.50 CNY in the previous period, indicating a decrease of about 66%[32]. - The net cash flow from financing activities was 109,791,278.24 CNY, compared to 57,710,962.22 CNY in the previous period, showing an increase of approximately 90%[32]. - The ending cash and cash equivalents balance was 8,575,219.89 CNY, compared to 7,306,063.29 CNY in the previous period, reflecting an increase of about 17%[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 98,155[14]. - The largest shareholder, Beiyou Intelligent Technology (Changchun) Co., Ltd., holds 22.54% of shares, totaling 800,000,000 shares, which are frozen[14]. - The company’s chairman, Xu Mingzhe, completed a share buyback plan, acquiring 4,706,400 shares, representing 0.1326% of the total share capital, for a total amount of 10,000,090.00 RMB[17]. - The company repurchased 5,324,100 shares, accounting for 0.15% of the total share capital, with a total transaction amount of 5,496,545.00 RMB[18]. - The top ten shareholders do not have any reported changes in their financing and securities lending activities compared to the previous period[15]. - The company has not disclosed any related party transactions involving the top ten shareholders[15]. Loans and Financial Support - Indirect controlling shareholder, Jiangsu Bubugao, provided the company with a 20 million RMB interest-free loan for 12 months to support stable development[20]. - The company’s indirect controlling shareholder provided an additional 30 million RMB interest-free loan for 12 months to supplement working capital[20]. - As of the report date, Jiangsu Bubugao has cumulatively provided financial support of 70 million yuan to the listed company, all in the form of non-interest-bearing loans[21]. - Jiangsu Bubugao has provided a guarantee of up to 50 million yuan for its wholly-owned subsidiary, Jilin Liyuan Supply Chain Co., Ltd., with a validity period not exceeding 12 months[22]. Other Financial Matters - The company reported a significant increase in accounts receivable, which rose by 133% to ¥170,589,023.79 due to adjustments in customer structure[9]. - Short-term borrowings decreased by 100%, indicating no new borrowings during the reporting period[9]. - The company experienced a 95% increase in financial expenses, totaling ¥10,964,277.64, primarily due to increased interest expenses and exchange losses[11]. - The company recorded a 66484% increase in non-operating income, amounting to ¥1,898,440.84, due to the reversal of previously accrued liabilities[11]. - The company disclosed important matters in various financial publications, including announcements related to share repurchase and litigation progress[23][24]. - The third quarter financial report was not audited[33].

Group 1 - The core viewpoint of the news is that Liyuan Co., Ltd. has experienced a decline in stock price and significant changes in shareholder structure, alongside a notable decrease in revenue and a negative net profit for the first half of 2025 [1][2][3] Group 2 - As of October 29, Liyuan's stock price fell by 2.15% to 2.28 CNY per share, with a total market capitalization of 8.094 billion CNY [1] - The company has seen a year-to-date stock price increase of 42.50%, but has experienced a decline of 6.17% over the last five trading days and 9.16% over the last twenty days [1] - Liyuan's main business involves the research, production, and sales of aluminum profiles and deep processing products, with 86.37% of revenue coming from self-produced aluminum profiles [1] Group 3 - As of September 19, the number of shareholders increased by 15.70% to 107,100, while the average circulating shares per person decreased by 13.57% to 33,124 shares [2] - For the first half of 2025, Liyuan reported a revenue of 97.7867 million CNY, a year-on-year decrease of 46.66%, and a net profit attributable to shareholders of -57.7027 million CNY, an increase of 23.04% year-on-year [2] Group 4 - Since its A-share listing, Liyuan has distributed a total of 313 million CNY in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the top ten circulating shareholders of Liyuan [3]

Market Overview - Major market indices opened higher, with the Shanghai Composite Index rising by 0.05% to 3990.27 points, the Shenzhen Component Index increasing by 0.40% to 13484.01 points, and the ChiNext Index up by 1.07% to 3263.98 points [1] Stock Performance - A total of 1761 stocks rose at the opening, with 11 stocks hitting the daily limit up. Notable performers included *ST Wanfang with 11 consecutive limit ups over 13 days, ST Zhongdi with 9 consecutive limit ups, and Pingtan Development with 7 limit ups over 9 days [1] - Conversely, 2802 stocks declined at the opening, with 6 stocks hitting the daily limit down, including *ST Suwu and *ST Heke [1] Price Continuity - Among stocks that hit the limit up yesterday, 9 stocks continued to rise at the opening today, including Pingtan Development and Shikong Technology. Stocks that opened lower included Yashi Chuangneng, Geer Software, and *ST Nanzhi, with declines of 5.20%, 5.04%, and 4.83% respectively [1] - From the stocks that hit the limit down yesterday, 4 stocks continued to decline today, including *ST Suwu and *ST Heke [1]

Core Insights - On October 23, Liyuan Co., Ltd. experienced a stock price change of 0.00% with a trading volume of 117 million yuan [1] - The company reported a financing buy amount of 1.7066 million yuan and a financing repayment of 2.7954 million yuan, resulting in a net financing buy of -1.0889 million yuan [1] - As of October 23, the total margin balance for Liyuan Co. was 110 million yuan, representing 1.28% of its market capitalization [1] Financing Summary - On the same day, Liyuan Co. had a financing buy of 1.7066 million yuan, with a current financing balance of 110 million yuan, which is above the 80th percentile of the past year [1] - The company had no short selling activity on October 23, with a short selling balance of 0.00 yuan, indicating a high level of short selling availability [1] Company Overview - Liyuan Co., Ltd. is located in Longshan District, Liaoyuan City, Jilin Province, and was established on November 13, 2001, with its listing date on November 17, 2010 [1] - The company's main business involves the research, production, and sales of aluminum profiles and deep processing products, with revenue composition as follows: 86.37% from self-produced aluminum profiles, 8.75% from aluminum liquid, and 4.89% from aluminum profile processing [1] Shareholder and Financial Performance - As of September 19, the number of shareholders for Liyuan Co. reached 107,100, an increase of 15.70% from the previous period, while the average circulating shares per person decreased by 13.57% to 33,124 shares [2] - For the first half of 2025, Liyuan Co. reported operating revenue of 97.7867 million yuan, a year-on-year decrease of 46.66%, and a net profit attributable to shareholders of -57.7027 million yuan, an increase of 23.04% year-on-year [2] - Since its A-share listing, Liyuan Co. has distributed a total of 313 million yuan in dividends, with no dividends paid in the last three years [2] - As of June 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders of Liyuan Co. [2]

Core Points - The company, Jilin Liyuan Precision Co., Ltd., held its 15th meeting of the 6th Board of Directors on October 20, 2025, where a unanimous decision was made to approve a debt restructuring proposal [1][2][6] - The debt restructuring aims to accelerate the recovery of receivables and minimize potential bad debt losses, with a total outstanding amount of 46,400,997.84 yuan owed by Jiangsu Jiangding Plastic Industry Technology Co., Ltd. [5][16] - The restructuring plan includes a repayment schedule divided into seven installments, with the final payment due by June 20, 2028 [11][16] Debt Restructuring Overview - The company filed a lawsuit against Jiangsu Jiangding for the immediate payment of 51,400,997.84 yuan, of which 5,000,000.00 yuan has been paid, leaving a balance of 46,400,997.84 yuan [5] - The debt restructuring agreement will involve guarantees and collateral from multiple parties, ensuring the company's rights are protected [13][14] Financial Implications - As of December 31, 2024, the company had made provisions for bad debts amounting to approximately 44,600,997.84 yuan, which may be reversed if the restructuring is successfully implemented [16] - The successful execution of the debt restructuring is expected to have a positive impact on the company's financial condition and operational results [16]

Core Viewpoint - Liyuan Co., Ltd. is taking legal action against Jiangsu Jiangding Plastic Technology Co., Ltd. to recover outstanding payments totaling approximately 51.4 million yuan, aiming to mitigate potential bad debt losses [1] Group 1: Legal Action and Debt Recovery - Liyuan Co., Ltd. filed a lawsuit against Jiangsu Jiangding on July 2025, demanding immediate payment of 51,400,997.84 yuan and associated penalties [1] - Following the lawsuit, Jiangsu Jiangding has made a partial payment of 5,000,000.00 yuan, leaving an outstanding principal amount of 46,400,997.84 yuan [1] - The company plans to enter into a settlement agreement with Jiangsu Jiangding, which includes a debt restructuring plan for repayment in seven installments, with the final payment due by June 20, 2028 [1] Group 2: Guarantees and Collateral - Several guarantors, including companies and individuals, have voluntarily agreed to assume joint liability for the debts owed by Jiangsu Jiangding to Liyuan Co., Ltd. [1] - Jiangsu Jiangding and its guarantors are providing collateral to secure the repayment of the outstanding debt [1] - Jiangsu Jiangding is also responsible for covering reasonable expenses incurred by Liyuan Co., Ltd. in asserting its rights, amounting to 500,000 yuan [1]