Core Viewpoint - The company reported a slight increase in revenue for Q3 2025, but a significant decline in net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 1.043 billion yuan in Q3 2025, representing a year-on-year growth of 1.55% [1] - The net profit attributable to shareholders was 60.1149 million yuan, which reflects a year-on-year decrease of 26.04% [1] - The basic earnings per share stood at 0.0704 yuan [1]

Group 1 - The company Sierte (SZ 002538) held its seventh second board meeting on October 24, 2025, where it reviewed the proposal for the reappointment of the accounting firm [1] - For the first half of 2025, Sierte's revenue composition was as follows: chemical fertilizer manufacturing accounted for 88.14%, mining industry for 11.56%, and health sector for 0.3% [1] - As of the report, Sierte's market capitalization stood at 4.6 billion yuan [1]

Core Viewpoint - The company reported a revenue increase of 5.27% year-on-year for the first three quarters of 2025, but net profit decreased significantly by 37.89% [1] Financial Performance - The company's operating revenue for the first three quarters reached 3.225 billion yuan [1] - Net profit attributable to shareholders was 155 million yuan, showing a year-on-year decline of 37.89% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 146 million yuan, also down 37.22% year-on-year [1] - Basic earnings per share were reported at 0.1819 yuan [1]

Core Viewpoint - The company reported a revenue increase of 5.27% year-on-year for the first three quarters of 2025, but net profit decreased significantly by 37.89% [1] Financial Performance - The company's operating revenue for the first three quarters reached 3.225 billion yuan [1] - Net profit attributable to shareholders was 155 million yuan, showing a year-on-year decline of 37.89% [1] - The net profit after deducting non-recurring gains and losses was 146 million yuan, also down by 37.22% year-on-year [1] - Basic earnings per share stood at 0.1819 yuan [1]

安徽省司尔特肥业股份有限公司公告 证券代码：002538 证券简称：司尔特 公告编号：2025-46 安徽省司尔特肥业股份有限公司 关于续聘会计师事务所的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、拟续聘会计师事务所 ：信永中和会计师事务所（特殊普通合伙）（以下 简称 "信永中和"） 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙人：谭小青先生 2、上年度审计意见类型：保留意见的审计报告和带强调事项的无保留意见 的内部控制审计报告。 3、公司董事会及董事会审计委员会对本次聘任会计师事务所事项无异议。 4、本次聘任会计师事务所符合财政部、国务院国资委、证监会印发的《国 有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 公司第七届董事会第二次会议于 2025 年 10 月 24 日审议通过了《关于续聘 会计师事务所的议案》。现将有关事项说明如下： 一、拟聘任会计师事务所的情况 1、基本信息 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式： ...

安徽省司尔特肥业股份有限公司公告 证券代码：002538 证券简称：司尔特 公告编号：2025-47 安徽省司尔特肥业股份有限公司 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 14 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6 ...

安徽省司尔特肥业股份有限公司公告 证券代码：002538 证券简称：司尔特 公告编号：2025-44 安徽省司尔特肥业股份有限公司 第七届董事会第二次会议决议公告 本公司及其董事会全体成员保证公告内容真实、完整和准确，不存在虚假 记载、误导性陈述或重大遗漏。 安徽省司尔特肥业股份有限公司（以下简称"公司"或"本公司"）第七届董事 会第二次会议于 2025 年 10 月 24 日在公司七楼会议室以现场结合通讯方式召开， 会议通知于 2025 年 10 月 14 日以专人送达及电子邮件方式送达。本次会议应到 董事 9 名，实到董事 9 名；公司部分高级管理人员列席本次会议，会议由公司董 事长袁其荣先生主持。本次会议符合《公司法》《公司章程》的规定，会议的召 集、召开合法有效。经与会董事审议表决，形成如下决议： 一、审议通过《2025 年第三季度报告》 投票结果：全体董事以 9 票赞成，0 票反对，0 票弃权通过该议案。 该议案已经审计委员会审议通过。 投票结果：全体董事以 9 票赞成，0 票反对，0 票弃权通过该议案。 该议案已经审计委员会审议通过。 此议案需提交公司 2025 年第二次临时股东会审议。 内容详见 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 1,042,521,991.53, representing a 1.55% increase compared to CNY 1,026,603,307.41 in the same period last year[3]. - Net profit attributable to shareholders for Q3 2025 decreased by 26.04% to CNY 60,114,908.11 from CNY 80,516,030.93 year-on-year[3]. - The basic earnings per share for Q3 2025 was CNY 0.0704, down 26.05% from CNY 0.0943 in the previous year[4]. - Net profit for the first nine months of 2025 was ¥155,295,659.11, a decrease of 37.89% compared to the same period in 2024[8]. - Net profit for the period was CNY 155,295,659.11, a decrease of 38.0% from CNY 250,031,636.36 in the same period last year[26]. - Earnings per share (EPS) for the period was CNY 0.1819, down from CNY 0.2929 in the previous period[26]. - The company reported a total profit of CNY 216,135,015.17, a decrease from CNY 313,586,851.36 in the prior period[26]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 25,652,850.00, reflecting an 80.88% decline from CNY 134,166,400.00[3]. - Operating cash flow decreased by 80.88% to ¥25,652,852.51, attributed to increased cash payments for raw materials[9]. - The cash inflow from operating activities for the current period was ¥3,035,934,283.70, an increase of 22.8% compared to ¥2,472,193,730.77 in the previous period[28]. - The net cash flow from operating activities decreased to ¥25,652,852.51 from ¥134,166,421.37, reflecting a decline of 80.9%[28]. - The cash and cash equivalents at the end of the period were ¥119,050,510.47, down from ¥190,122,256.91 in the previous period[29]. - The company reported a cash decrease of ¥112,217,592.34 for the current period, contrasting with an increase of ¥32,761,948.98 in the previous period[29]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,374,733,364.37, a decrease of 0.16% compared to the previous year[4]. - Total liabilities amounted to CNY 1,008,262,899.25, compared to CNY 1,072,571,507.23 in the previous period[24]. - The total equity attributable to shareholders increased by 1.02% to CNY 5,366,470,465.12 compared to the previous year[4]. - The company’s non-current liabilities increased significantly, with other current liabilities rising by 525.47% to ¥28,528,919.14 due to an increase in tax payable[8]. - The total non-current assets were reported at RMB 2,965,000,000.00, reflecting a slight decrease from the previous period[21]. Operational Highlights - Total operating revenue for the period reached CNY 3,225,123,606.50, an increase of 5.28% compared to CNY 3,063,601,584.86 in the previous period[25]. - Total operating costs amounted to CNY 3,020,460,425.61, up 9.34% from CNY 2,762,220,951.51 in the prior period[25]. - Research and development expenses for the period were CNY 78,674,253.58, down from CNY 88,269,494.38 in the previous period[25]. Shareholder Information - Total shareholders at the end of the reporting period was 40,962, with the largest shareholder holding 21.33%[11]. - The company plans to increase shareholdings by key executives, with the chairman intending to invest between RMB 3 million and RMB 6 million within three months[13]. Legal and Compliance Issues - The company faced a penalty of RMB 3,306,272 due to environmental violations, which has been paid, and remediation efforts are underway[15]. - A safety incident at a subsidiary resulted in one fatality and two injuries, leading to a fine of RMB 690,000, but it did not significantly impact overall operations[16]. - The company is currently involved in legal proceedings related to alleged embezzlement, with the case under review until November 9, 2025[17]. - The company has made adjustments to previous accounting data due to accounting errors, impacting financial statements from 2021 to 2023[4]. Other Financial Metrics - Non-recurring gains and losses for the reporting period included government subsidies amounting to CNY 3,329,683.01, contributing to a total of CNY 8,691,793.33 year-to-date[5]. - The company reported a decrease in net profit after deducting non-recurring gains and losses by 26.37% to CNY 55,690,450.00 for Q3 2025[3]. - The weighted average return on equity for Q3 2025 was 1.13%, down from 1.52% in the same period last year[4]. - Other income decreased by 37.48% to ¥8,890,096.29, mainly due to a reduction in government subsidies[8]. - The company’s cash flow from investment activities was negative at -¥34,723,380.27, a decrease of 127.70% compared to the previous year[9]. Reporting and Governance - The company has not audited its third-quarter financial report[30]. - The company’s board of directors issued the report on October 24, 2025[31].

Core Points - The company Sierte received financing buy-in of 1.7707 million yuan on October 16, with a current financing balance of 332 million yuan, accounting for 7.21% of its market capitalization, exceeding the historical 50th percentile level [2] - On September 1, Sierte announced that it received a notice of investigation from the China Securities Regulatory Commission, which may lead to potential legal claims from affected investors [2] - Investors who purchased Sierte shares between April 20, 2022, and April 25, 2025, and hold them until the close on April 25, 2025, are eligible to participate in compensation claims [2] - The company will hold its third extraordinary general meeting on November 15, 2024, in Hefei, Anhui Province, with the chairman presiding over the meeting [2] Shareholder Meeting Summary - A total of 355 shareholders participated in the meeting, representing 194 million shares, which is 25.6% of the total voting shares [3] - The meeting combined on-site and online voting, with 1 shareholder voting on-site for 182 million shares (24.01%) and 354 shareholders voting online for 12.0152 million shares (1.58%) [3] - The meeting approved the proposal to appoint an accounting firm, and the legal procedures for the meeting were confirmed to be compliant with regulations [3] Company Activities - Sierte has participated in 315 bidding projects and holds 96 trademark registrations [4]

Core Viewpoint - The company Sierte has been implicated in a criminal case involving former executives and a securities representative, highlighting issues of embezzlement and bribery within the financing projects [1][2]. Group 1: Legal Issues - Sierte received a notice from the Xuancheng Public Security Bureau regarding the transfer of a case involving former executives and securities representative Sun Bin for embezzlement and bribery [1]. - The notice indicates that the evidence against the suspects, including Sun Bin, is deemed sufficient for prosecution [1]. - The case involves multiple charges, including embezzlement, bribery, fraud, and issuing false VAT invoices [1]. Group 2: Financing History - Since its listing in 2011, Sierte has conducted four refinancing activities between 2014 and 2019, all sponsored by Guoyuan Securities [2]. - Key financing projects include a directed issuance raising 1.07 billion yuan in September 2015 and an 800 million yuan convertible bond issuance in 2019, both involving Sun Bin as the sponsor [2]. Group 3: Regulatory Environment - The Chinese Securities Association revised the "Sponsorship Business Rules" in 2024, introducing a classification system that can suspend sponsors from business activities, impacting their career [3]. - The new rules enforce lifelong responsibility for the authenticity and completeness of project application materials, compelling sponsors to maintain diligence throughout the project lifecycle [3]. - Increased regulatory scrutiny aims to enhance the quality control of securities firms and ensure that they fulfill their role as gatekeepers in the capital market [3].