Core Viewpoint - Xizi Clean Energy (002534.SZ) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 4.333 billion yuan, representing a year-on-year decrease of 11.20% [1] - The net profit attributable to shareholders of the listed company was 177 million yuan, down 58.31% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 150 million yuan, reflecting a year-on-year decline of 11.15% [1]

Core Viewpoint - Xizi Clean Energy reported a significant decline in both revenue and net profit for the third quarter of 2025, indicating potential challenges in its operational performance [2] Financial Performance - In Q3 2025, the company achieved a revenue of 1.539 billion yuan, a year-on-year decrease of 18.64% [2] - The net profit attributable to shareholders was 28.765 million yuan, down 64.60% year-on-year [2] - Basic earnings per share (EPS) for Q3 2025 stood at 0.04 yuan [2] - For the first three quarters of 2025, total revenue reached 4.333 billion yuan, reflecting an 11.20% year-on-year decline [2] - The net profit attributable to shareholders for the first three quarters was 177 million yuan, a decrease of 58.31% year-on-year [2] - Basic EPS for the first three quarters was 0.24 yuan [2]

证券代码：002534 证券简称：西子洁能 编号：2025－120 西子清洁能源装备制造股份有限公司 关于 2025 年前三季度计提资产减值准备和坏账核销的公告 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。 一、本次计提资产减值准备情况概述 西子清洁能源装备制造股份有限公司（以下简称"公司"）根据《企业会计 准则》和公司既定会计政策的相关规定，对截止 2025 年 9 月 30 日的相关资产进 行了减值测试，具体情况如下： 1、 公司 2025 年 1-9 月新增计提资产减值准备 4,794.40 万元，占 2024 年度 经审计的归属于母公司所有者的净利润绝对值的 10.90%。减值计提明细构成如 下表所示： | 资产名称 | 2025 年 1-9 | 占 2024 月计提资产减值准 | 年度经审计的归属于 母公司所有者的净利润绝对 | | --- | --- | --- | --- | | | 备金额（万元） | | 值的比例 | | 应收票据 | | -126.84 | -0.29% | | 应收款项融资 | | 178.51 | 0.41% | | ...

证券代码：002534 证券简称：西子洁能 编号：2025－119 西子清洁能源装备制造股份有限公司 关于关联交易的公告 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。 一、关联交易概述 西子清洁能源装备制造股份有限公司（以下简称"公司"或"西子洁能"） 拟与蒲惠智造科技股份有限公司（以下简称"蒲惠智造"）签订技术开发合同， 涉及软件服务供应，交易情况如下： | 关联交易类 型 | 项目名称 | 定价方式 | 关联方 | 预计金额不超 过（含税，万元） | | --- | --- | --- | --- | --- | | | 审计系统 IT | | | 532 18 | | | 安防一体化监控平台升级项目 | | 蒲惠智造 | | | 向 关 联 人 采 购商品、接受 | | 招投标 | 科技股份 | | | 劳务、租赁 | 供应商绩效及风险可视化项目 | | 有限公司 | 74 | | | 燃气锅炉控制及多炉协同优化 项目 | | | 390 | | | 合计 | | | 1,014 | 因公司董事长王克飞先生在蒲惠智造担任董事长兼总经理，蒲惠智造是公司 ...

证券代码：002534 证券简称：西子洁能 编号：2025－118 西子清洁能源装备制造股份有限公司 第六届董事会第三十次临时会议决议公告 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。 西子清洁能源装备制造股份有限公司（以下简称"公司"）第六届董事会第 三十次临时会议通知于 2025 年 10 月 22 日以邮件、专人送达等形式发出，会议 于 2025 年 10 月 27 日以通讯表决方式召开，应参加表决董事 9 人，实际参加表 决董事 9 人，符合《中华人民共和国公司法》《公司章程》等的有关规定。会议 由公司董事长王克飞先生召集，经全体董事通讯表决形成如下决议： 一、《2025 年第三季度报告》； 表决结果：同意：9 票；反对：0 票；回避：0 票；弃权：0 票。 详细内容见刊登在2025年10月29日《证券时报》《中国证券报》《证券日报》 和公司指定信息披露网站巨潮资讯网http://www.cninfo.com.cn上的《2025年第三 季度报告》。 二、《关于关联交易的议案》； 西子清洁能源装备制造股份有限公司董事会 时报》《中国证券报》《证券日报》 ...

Core Viewpoint - Xizi Clean Energy (002534.SZ) reported a decline in both revenue and net profit for the first three quarters of the year, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 4.33 billion yuan, a year-on-year decrease of 11.20% [1] - The net profit attributable to shareholders was 177 million yuan, down 58.31% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 150 million yuan, reflecting a year-on-year decline of 11.15% [1]

截至发稿，西子洁能市值为136亿元。 每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 贾运可） 2025年1至6月份，西子洁能的营业收入构成为：锅炉及原动机制造业占比96.05%，贸易服务及其他占 比3.95%。 每经AI快讯，西子洁能（SZ 002534，收盘价：16.32元）10月28日晚间发布公告称，公司第六届第三十 次董事会临时会议于2025年10月27日以通讯表决方式召开。会议审议了《2025年第三季度报告》等文 件。 ...

Core Insights - The company reported a third-quarter revenue of 1.539 billion, representing a year-on-year decline of 18.64% [1] - The net profit for the third quarter was 28.765 million, down 64.60% year-on-year [1] - For the first three quarters, the total revenue was 4.333 billion, showing a year-on-year decrease of 11.20% [1] - The net profit for the first three quarters was 177 million, reflecting a decline of 58.31% year-on-year [1]

Financial Performance - Revenue for Q3 2025 was CNY 1,538,971,109.10, a decrease of 18.64% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 28,765,044.90, down 64.60% year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 21,390,607.43, a decline of 71.63% compared to the previous year[3] - Total operating revenue decreased to ¥4,332,954,971.22 from ¥4,879,586,469.76, representing a decline of approximately 11.2% year-over-year[22] - Operating profit fell to ¥222,373,448.90 compared to ¥514,704,711.52 in the previous period, a decline of approximately 56.9%[23] - Net profit decreased to ¥225,946,289.76 from ¥460,333,970.33, reflecting a drop of around 50.9% year-over-year[24] - Basic and diluted earnings per share decreased to ¥0.24 from ¥0.57, a reduction of approximately 57.9%[24] Cash Flow and Investments - Operating cash flow for the year-to-date reached CNY 347,612,624.71, an increase of 129.75% year-on-year[3] - Cash flow from operating activities generated a net cash inflow of ¥347,612,624.71, compared to ¥151,301,900.04 in the previous period, indicating an increase of about 129.0%[27] - The net cash flow from investment activities dropped by 557.81% to -CNY 438,591,571.10, mainly due to increased cash outflows for structured financial products[10] - Cash flow from investing activities resulted in a net cash outflow of ¥438,591,571.10, contrasting with a net inflow of ¥95,803,124.88 in the prior period[28] - The net cash flow from financing activities improved by 54.96% to -CNY 410,509,635.11, reflecting reduced cash outflows for bank loan repayments[10] - Cash flow from financing activities showed a net cash outflow of ¥410,509,635.11, compared to a larger outflow of ¥911,358,462.84 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,740,702,252.32, a decrease of 1.82% from the end of the previous year[4] - The company's total liabilities decreased from RMB 10,301,414,837.01 to RMB 8,953,265,468.16 during the reporting period[19][20] - The company's cash and cash equivalents decreased from RMB 3,529,696,399.14 to RMB 3,398,815,988.49[17][18] - The company's accounts receivable decreased from RMB 1,828,639,997.29 to RMB 1,504,896,556.30[17][18] - The company's inventory decreased from RMB 1,552,133,132.53 to RMB 1,489,274,254.90[17][18] - The company's total equity increased from RMB 4,711,852,851.82 to RMB 5,787,436,784.16[20] - The company reported a total current liabilities of RMB 7,530,472,562.42, down from RMB 7,970,454,191.04[19][20] Shareholder Information - Shareholders' equity attributable to the parent company increased by 26.37% to CNY 5,332,054,379.94 compared to the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 31,832[11] - The largest shareholder, Xizi Elevator Group Co., Ltd., holds 34.49% of the shares, totaling 288,349,956 shares[11] - The company repurchased 4,149,500 shares, resulting in a complete cancellation of treasury shares[9] Strategic Initiatives and Market Position - The company is focusing on improving cash collection from orders and managing receivables more effectively[4] - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q3 2023[30] - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[30] - The company provided a forward guidance of 10% revenue growth for Q4 2023, projecting revenues of approximately 1.32 billion RMB[30] - New product launches contributed to a 30% increase in sales volume, with the latest product line accounting for 200 million RMB in revenue[30] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing energy efficiency[30] - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[30] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[30] - A strategic partnership was formed with a leading technology firm, expected to drive innovation and reduce costs by 15%[30] - The company reported a gross margin of 40%, an improvement from 35% in the previous quarter[30] - Operating expenses were reduced by 5%, totaling 300 million RMB, contributing to overall profitability[30] Financial Challenges - The company experienced a significant decline in net profit due to a drop in equity disposal gains from the previous year[4] - Financial expenses rose by 298.93% to CNY 32,994,856.19, primarily due to increased foreign exchange losses from USD-denominated assets[9] - Investment income decreased by 90.47% to CNY 27,504,420.10, attributed to last year's significant gains from the transfer of equity in a subsidiary[9] - Tax expenses decreased by 89.82% to CNY 5,460,475.07, as last year's high tax was linked to significant investment income[9]

Core Viewpoint - An increasing number of "post-00s" girls, like Li Hongyan, are graduating from technical schools and entering workshops, becoming new backbones and contributing to "Made in China" [2] Group 1 - The trend of young women entering the manufacturing sector is growing, indicating a shift in workforce demographics [2] - These individuals are playing a significant role in enhancing the capabilities of the manufacturing industry in China [2]