Core Viewpoint - The stock of Yamaton has shown a significant increase of 37.97% year-to-date, despite a recent decline in revenue and net profit, indicating potential volatility in the company's financial performance [1][2]. Financial Performance - As of September 30, 2025, Yamaton reported a revenue of 1.58 billion yuan, a year-on-year decrease of 35.42% [2]. - The net profit attributable to shareholders was -59.57 million yuan, reflecting a year-on-year decline of 123.67% [2]. - The company has cumulatively distributed 319 million yuan in dividends since its A-share listing, with 232 million yuan distributed over the past three years [3]. Stock Market Activity - On November 10, Yamaton's stock price rose by 2.03%, reaching 20.62 yuan per share, with a trading volume of 51.71 million yuan and a turnover rate of 1.27% [1]. - The stock has appeared on the "Dragon and Tiger List" five times this year, with the most recent occurrence on July 18, where it recorded a net buy of -10.75 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 25.12% to 31,500, while the average circulating shares per person decreased by 20.08% to 6,308 shares [2].

Core Insights - Tesla's Shanghai Gigafactory has installed solar panels on its roof, and the Shanghai energy storage facility is also adding solar panels, indicating a shift towards renewable energy solutions [2] - Amatton (002623.SZ) confirmed that the solar tile glass provided to Tesla is exported to the United States, and the business cooperation with Tesla is functioning normally [2] Company Summary - Amatton is supplying solar tile glass to Tesla, which is being exported to the U.S. market [2] - The collaboration between Amatton and Tesla is reported to be stable and operational [2]

Core Viewpoint - The company confirmed that it is supplying solar tile glass to Tesla, specifically for export to the United States, and stated that the business cooperation with Tesla is proceeding normally [1]. Group 1 - Investors inquired about the use of the company's solar tile glass in Tesla's Shanghai Gigafactory, which has reportedly installed solar panels on its roof [1]. - The company responded positively, indicating that all business dealings with Tesla are functioning as expected [1].

Group 1 - The core point of the article is that Yamaton (002623.SZ) reported a significant decline in revenue and incurred a net loss in the third quarter of 2025 [1] Group 2 - In the third quarter, the company achieved an operating income of 498 million yuan, representing a year-on-year decrease of 28.52% [1] - The net loss for the third quarter was 43.7461 million yuan [1] - For the first three quarters, the company reported an operating income of 1.58 billion yuan, which is a year-on-year decrease of 35.42% [1] - The net loss for the first three quarters amounted to 59.5704 million yuan [1]

Core Viewpoint - 亚玛顿 reported a significant decline in revenue and an increase in net loss for the third quarter of 2025 compared to the previous year [1] Financial Performance - In Q3 2025, the company achieved a revenue of 498 million yuan, representing a year-on-year decrease of 28.52% [1] - The net loss for Q3 2025 was 43.74 million yuan [1] - For the first three quarters of 2025, the total revenue was 1.58 billion yuan, down 35.42% year-on-year [1] - The net loss for the first three quarters of 2025 amounted to 59.57 million yuan [1]

Core Viewpoint - Yamaton (002623) reported a significant decline in financial performance for the first three quarters of 2025, with a net profit loss of approximately 59.57 million yuan, indicating an increase in losses compared to the previous year [1] Financial Performance - For the first three quarters of 2025, Yamaton achieved an operating revenue of approximately 1.58 billion yuan, representing a year-on-year decrease of 35.42% [1] - The net profit attributable to shareholders for the same period was approximately -59.57 million yuan, reflecting an increase in losses compared to the previous year [1]

Core Insights - The company, Yamaton (002623.SZ), reported a significant decline in revenue for the first three quarters of 2025, with total revenue reaching 1.58 billion yuan, representing a year-on-year decrease of 35.42% [1] - The net loss attributable to shareholders of the listed company amounted to 59.57 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 79.80 million yuan [1]

Group 1 - Company Amatone (SZ 002623) reported a revenue of approximately 1.58 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 35.42% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 59.57 million yuan [1] - The basic earnings per share showed a loss of 0.3 yuan [1] Group 2 - As of the report, Amatone's market capitalization stands at 4 billion yuan [2]

证券代码：002623 证券简称：亚玛顿 公告编号：2025-056 常州亚玛顿股份有限公司 第六届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 常州亚玛顿股份有限公司（以下简称"公司"）第六届董事会第二次会议通 知于 2025 年 10 月 20 日以书面、电话和电子邮件的形式发出，并于 2025 年 10 月 24 日以现场与通讯表决相结合的方式在常州市天宁区青龙东路 616 号公司会 议室召开。会议由公司董事长林金锡先生主持，应到董事 8 名,实到董事 8 名， 其中 6 名董事现场出席会议，赵东平先生、屠江南女士以通讯方式表决。公司高 级管理人员列席本次会议。会议召开符合《中华人民共和国公司法》等法律、法 规和《公司章程》的规定。 一、董事会会议审议情况： （一）审议通过了《关于公司 2025 年第三季度报告的议案》 表决结果：8 票同意，0 票反对，0 票弃权。 《公司 2025 年第三季度报告》具体内容详见同日刊登于《证券时报》《中 国证券报》《上海证券报》《经济参考报》和公司指定信息披露网站巨潮资讯网 （http:// ...

Financial Performance - The company's revenue for Q3 2025 was ¥497,744,812.30, a decrease of 28.52% compared to the same period last year, and a cumulative revenue of ¥1,580,390,561.55, down 35.42% year-to-date[4] - The net profit attributable to shareholders was a loss of ¥43,746,098.03, representing an 8.87% decrease year-on-year, with a cumulative loss of ¥59,570,415.72, down 123.67% year-to-date[4] - The basic and diluted earnings per share were both -¥0.22, a decrease of 4.76% compared to the previous year, and -¥0.30 year-to-date, down 114.29%[4] - Total operating revenue decreased to ¥1,580,390,561.55 from ¥2,447,138,253.69, representing a decline of approximately 35.4% year-over-year[25] - Net loss for the period was ¥62,372,665.42, compared to a net loss of ¥21,817,750.05 in the previous period, indicating a significant increase in losses[27] - The basic and diluted earnings per share were both reported at -0.30, compared to -0.14 in the previous period, indicating worsening performance[27] Assets and Liabilities - The company's total assets increased by 6.47% year-on-year to ¥5,746,614,011.87, while total equity decreased by 5.69% to ¥2,832,712,824.77[5] - Total current assets increased to ¥3,744,066,743.07 from ¥3,269,901,776.96, representing a growth of approximately 14.5%[21] - Total liabilities increased to ¥2,296,522,814.56 from ¥1,744,980,432.16, reflecting a rise of approximately 31.6%[22] - The company's total liabilities increased to ¥2,870,751,240.07 from ¥2,354,057,922.67, reflecting a rise of approximately 22%[26] - The total equity attributable to shareholders decreased to ¥2,832,712,824.77 from ¥3,003,528,017.25, a decline of about 5.7%[26] Cash Flow - Operating cash flow for the year-to-date was ¥110,523,334.41, a significant decrease of 68.64% compared to the previous year[4] - Cash generated from operating activities was ¥1,326,208,696.63, down from ¥2,221,555,392.70, a decrease of approximately 40.3%[29] - The net cash flow from operating activities was $110.52 million, a decrease of 68.7% compared to $352.42 million in the previous period[30] - The net cash flow from investment activities increased by 52.44% year-on-year, while cash flow from financing activities decreased by 60.09% due to loan repayments[16] - The net cash flow from investment activities was -$146.88 million, improving from -$308.83 million in the previous period[30] - The net cash flow from financing activities was $157.52 million, down 60% from $394.67 million year-over-year[31] Operating Costs and Expenses - The company's operating costs decreased by 36.47% year-on-year, primarily due to a reduction in revenue from the photovoltaic market[10] - Total operating costs decreased to ¥1,658,560,073.44 from ¥2,485,520,919.96, a reduction of about 33.2% year-over-year[26] - Research and development expenses decreased by 38.53% year-on-year, attributed to lower initial investment in R&D projects[12] - The company’s R&D expenses were ¥48,393,895.11, down from ¥78,730,752.06, a decrease of about 38.5% year-over-year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,487[18] - The largest shareholder, Changzhou Yamaton Technology Group Co., Ltd., holds 33.85% of shares, totaling 67,380,200 shares, with 40,000,000 shares pledged[18] - The company has no preferred shareholders or significant changes in shareholder structure reported[20] - The company is actively engaged in financing activities, with notable participation in margin trading by some shareholders[19] Other Financial Metrics - The company reported a 574.73% increase in investment income year-on-year, mainly due to increased financial management income[12] - Other comprehensive income after tax increased to ¥6,854,736.18 from ¥6,087,680.36, showing a growth of approximately 12.6%[27] - Cash inflow from investment activities totaled $3.42 billion, significantly up from $1.74 billion year-over-year[30] - Cash inflow from financing activities amounted to $1.18 billion, compared to $1.08 billion in the prior year[31] - The total cash and cash equivalents at the end of the period reached $1.18 billion, up from $924.60 million at the end of the previous period[31]