证券代码：002637 证券简称：赞宇科技 公告编号： 2025-055 赞宇科技集团股份有限公司 关于回购股份比例达到1%暨回购进展的公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或者重大遗漏承担责任。 赞宇科技集团股份有限公司（以下简称"公司"）于2024年11月19日召开第六 届董事会第十八次会议，审议通过了《关于回购股份的方案》，公司拟使用自有 资金或银行专项贷款资金以集中竞价交易方式回购部分公司已在境内发行的人 民币普通股（A股）股票，用于后期实施股权激励或员工持股计划。原定本次回 购股份价格不超过13.99元/股（含），2024年年度权益分派实施后调整股份回购 价格上限为13.87元/股（含）（详见2025-030公告），本次回购股份的资金总额 为不低于人民币10,000万元（含）且不超过人民币20,000万元（含），具体回购 资金总额以回购结束时实际回购使用的资金总额为准。公司本次回购股份的期限 自董事会审议通过本次回购股份方案之日起12个月内。具体内容详见公司在《证 券时报》和巨潮资讯网（www.cninfo.com.cn）上披露的《关于回购公司股 ...

Market Overview - The domestic market indices showed a decline, with the Shanghai Composite Index closing at 3,954.79, down 0.81% [2] - The Shenzhen Component Index and the CSI 300 also experienced declines of 1.14% and 1.47% respectively [2] Agricultural Sector - The company "Juxing Agriculture" reported a continuous increase in pig output, with a total of 293,000 pigs sold in the first three quarters of 2025, generating sales revenue of 5.153 billion [6] - The company aims to control breeding costs through various efficiency measures, despite a decline in pig prices leading to a drop in profitability in Q3 [6] New Materials Sector - "Jundingda" achieved a revenue of 728 million in the first three quarters of 2025, marking a year-on-year growth of 23.43% [5] - The company reported a net profit of 137 million, up 18.82%, with a gross margin of 40.38% and a net margin of 18.86% [5] Military Industry - "Inner Mongolia Yijian" reported a revenue of 7.894 billion in the first three quarters of 2025, a year-on-year increase of 11.07% [10] - The net profit reached 386 million, up 6.18%, driven by improvements in profit margins and growth in unmanned and military trade sectors [10][11] Technology Sector - "Dameng Data" reported a revenue of 2.167 billion in Q3 2025, a decrease of 6.59% year-on-year, but with an improved gross margin of 14.77% [16] - The company is focusing on expanding its military trade market and enhancing its position in high-tech weaponry [16] Energy Sector - "Baofeng Energy" achieved a revenue of 35.54 billion in the first three quarters of 2025, a year-on-year increase of 46.4% [27] - The net profit reached 8.95 billion, up 97.3%, driven by capacity release and steady progress on ongoing projects [27] Chemical Sector - "Zanyu Technology" reported a revenue of 9.676 billion in the first three quarters of 2025, with a year-on-year growth of 27.92% [20] - The net profit for the same period was 151 million, reflecting a 24.96% increase, attributed to the recovery in palm oil prices [20] Textile and Apparel Sector - "Weixing Co." reported a revenue of 36.33 billion in the first three quarters of 2025, a slight increase of 1.46% [24] - The net profit was 5.83 billion, down 6.46%, but the company is optimistic about future growth due to new factory efficiencies [24] Clinical Data Update - The clinical data for HLX43 shows promising safety advantages and potential as a cornerstone drug for tumors, with an overall response rate of 47.4% in specific patient groups [33][35]

Investment Rating - The report assigns a "Buy-B" rating for the company, indicating a positive outlook for its stock performance in the coming months [6]. Core Insights - The company's performance is closely linked to the palm oil market, which has shown signs of recovery. The increase in palm oil prices has positively impacted the company's product pricing and gross margins [6][4]. - The company reported a significant improvement in its financials for Q3 2025, with a revenue increase of 6.22% year-on-year and a net profit increase of 83.15% year-on-year, primarily driven by the recovery in palm oil prices [4][5]. - The Indonesian government's B50 biodiesel policy is expected to create a long-term upward trend in palm oil prices, which will benefit the company [5][6]. Financial Performance Summary - For the first three quarters of 2025, the company achieved a revenue of 9.676 billion yuan, a year-on-year increase of 27.92%, and a net profit of 151 million yuan, up 24.96% year-on-year [4]. - The gross margin for Q3 2025 was reported at 6.95%, with a net margin of 1.59%, indicating a recovery in profitability [5]. - The forecast for net profit from 2025 to 2027 is projected to be 210 million yuan, 430 million yuan, and 570 million yuan, respectively, with corresponding P/E ratios of 25, 12, and 9 [6][9].

Core Insights - Zanyu Technology (002637) reported a strong performance in the first three quarters of 2025, with revenue reaching 9.676 billion yuan, a year-on-year increase of 27.92%, and a net profit attributable to shareholders of 151 million yuan, up 24.96% [1] - The company's operating cash flow significantly improved, with a net cash flow from operating activities of 622 million yuan, a year-on-year increase of 40.31% [1] - Zanyu Technology specializes in the research and production of surfactants, oil chemical products, and OEM/ODM processing of personal care products, establishing itself as a leading player in the domestic market [1] Financial Performance - Revenue for the first three quarters of 2025 was 9.676 billion yuan, reflecting a 27.92% increase year-on-year [1] - Net profit attributable to shareholders reached 151 million yuan, marking a 24.96% year-on-year growth [1] - The net cash flow from operating activities was 622 million yuan, showing a substantial increase of 40.31% compared to the previous year [1] - The non-recurring net profit attributable to shareholders was 137 million yuan, with a remarkable growth of 49.93% year-on-year, indicating strong core profitability [1][4] Industry Position - Zanyu Technology is one of the few Chinese oil chemical companies with overseas palm oil raw material production bases, enhancing its supply chain control and market reach [3] - The company has established a comprehensive industrial park layout for surfactant production and daily chemical products in various locations, integrating upstream and downstream supply chains [2] - The global surfactant market is expected to grow moderately, with projected sales reaching 32.97 billion USD in 2025 and 39.36 billion USD by 2031, reflecting a CAGR of 3.00% from 2025 to 2031 [2] Research and Development - R&D expenses increased by 26.34% year-on-year, indicating the company's commitment to enhancing its long-term competitiveness through technological investment [4] - The company has achieved significant results in the development of new specialty surfactants and optimization of traditional surfactant processes, maintaining a leading position in the industry [3]

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 9.675 billion yuan, an increase of 27.92% compared to the same period last year [2] - The net profit attributable to shareholders reached 150 million yuan, up by 24.96% year-on-year [2] - As of September 30, 2025, total assets amounted to 8.393 billion yuan, reflecting a 5.88% increase since the beginning of the year [2] - Total liabilities were 4.601 billion yuan, rising by 11.64% from the start of the year [2] - Shareholders' equity attributable to the company was 3.774 billion yuan, a slight increase of 0.27% [2] - The asset-liability ratio stood at 54.81% [2] Product and Market Overview - The company produces surfactants primarily used in detergents, cosmetics, food processing, and textile dyeing, which are essential in daily life [3] - Oil chemical products are applied in plastics, rubber, textiles, daily chemicals, leather, paper, and oil fields, indicating a broad market potential [3] - The company has an annual production capacity of 100,000 tons for liquid detergents in Zhenjiang and 50,000 tons for OEM/ODM personal care products in Hebi [3] Impairment and Financial Adjustments - In the first three quarters of 2025, the company recognized a credit impairment provision of 31.8792 million yuan and an asset impairment provision of 7.0298 million yuan, totaling 38.909 million yuan, which reduced the consolidated profit for the period [3] Export and Industry Outlook - The export tax for crude palm oil is set at $220.36 per ton, including a special export tax of $96.36 [3] - The palm oil market is expected to remain stable, with prices fluctuating within a reasonable range driven by supply and demand fundamentals [3] Strategic Development - The company aims to enhance its supply chain management by extending its operations upstream to raw materials and expanding its sales market, particularly in Southeast Asia [4] - The company is engaged in futures hedging to mitigate risks associated with raw material price fluctuations [4] - As of September 30, 2025, the company has repurchased 4.0598 million shares for a total amount of 39.7674 million yuan [4] - The strategic focus is on surfactants, oil chemical products, and personal care products, with an emphasis on customer-centric OEM/ODM services and technological innovation [4]

Core Viewpoint - Zanyu Technology (002637.SZ) reported a strong performance in the first three quarters of 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 9.676 billion yuan, representing a year-on-year increase of 27.92% [1] - The net profit attributable to shareholders of the listed company was 151 million yuan, reflecting a year-on-year growth of 24.96% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 137 million yuan, showing a substantial year-on-year increase of 49.93% [1]

证券代码：002637 证券简称：赞宇科技 公告编号： 2025-054 赞宇科技集团股份有限公司 一、 会议以 9 票同意、0 票弃权、0 票反对，审议通过《2025 年第三季度 报告》； 经审阅公司编制的 2025年第三季度报告，董事会认为：公司编制《2025年 第三季度报告》的程序符合法律、行政法规和中国证监会的规定，报告内容真实、 准确、完整地反映了上市公司的实际情况，未发现参与2025年第三季度报告编制 和审议的人员有违反保密规定的行为。 本董事会及董事会全体成员保证2025年第三季度报告所载内容真实、准确、 完整，不存在任何虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 公司董事会审计委员会 2025 年第四次会议审议通过了本次议案。 关于本议案，详见巨潮资讯网（www.cninfo.com.cn）《2025年第三季度报 告》及《证券时报》公告。 特此公告！ 赞宇科技集团股份有限公司 第七届董事会第二次会议决议公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 赞宇科技集团股份有限公司（以下简 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥3,122,922,931.73, representing a year-on-year increase of 6.22% and a cumulative increase of 27.92% for the year-to-date period[5] - Net profit attributable to shareholders for Q3 2025 was ¥53,541,883.08, an increase of 83.15% compared to the same period last year, with a year-to-date net profit of ¥150,740,861.68, up 24.96%[5] - The basic earnings per share for Q3 2025 was ¥0.12, reflecting a 71.43% increase year-on-year, while the diluted earnings per share also stood at ¥0.12[5] - Total operating revenue for the current period reached ¥9,675,516,607.65, an increase of 28.0% compared to ¥7,563,789,138.83 in the previous period[22] - Net profit for the current period was ¥129,105,050.42, representing a 16.0% increase from ¥110,363,433.82 in the previous period[23] - Basic and diluted earnings per share were both CNY 0.33, an increase from CNY 0.28 in the previous period[24] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥8,393,972,696.98, marking a 5.88% increase from the end of the previous year[5] - The company's total assets increased to ¥8,393,972,696.98, compared to ¥7,927,998,790.26 in the previous year, reflecting a growth of 5.9%[21] - Current liabilities rose to ¥3,973,767,414.90, up 22.9% from ¥3,234,031,226.80 in the prior year[21] - The company's total equity stood at ¥3,792,490,438.97, slightly down from ¥3,806,413,111.34 in the previous year[21] - The company's total liabilities increased, with short-term borrowings rising by 25.55% to ¥1,828,069,160.55, driven by increased financing needs for operations[9] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥621,806,204.89, an increase of 40.31% compared to the same period last year[10] - The net cash flow from operating activities was CNY 621,806,204.89, an increase from CNY 443,158,693.71 in the previous period, reflecting a growth of approximately 40.3%[26] - The net cash flow from investing activities was negative at ¥340,549,764.59, a decline of 101.17% year-on-year, primarily due to increased project construction expenditures[10] - The net cash flow from investing activities was -CNY 340,549,764.59, worsening from -CNY 169,288,487.72 in the previous period[26] - The net cash flow from financing activities was -CNY 217,116,523.36, an improvement compared to -CNY 292,458,266.22 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,383[12] - The largest shareholder, Henan Zhengshang Enterprise Development Group Co., Ltd., holds 18.60% of shares, totaling 87,497,800 shares, with 62,000,000 shares pledged[12] - The company has repurchased a total of 12,017,400 shares, representing 2.55% of the total share capital, as of September 30, 2025[14] - The company plans to repurchase shares at a price not exceeding RMB 13.99 per share, with a total repurchase fund of no less than RMB 100 million and no more than RMB 200 million[16] - The highest repurchase price recorded was RMB 10.99 per share, with a total transaction amount of RMB 39,767,364.92[17] Research and Development - Research and development expenses for the year-to-date period were ¥86,082,928.34, a 26.34% increase compared to the same period last year, indicating a focus on innovation[10] - Research and development expenses increased to ¥86,082,928.34, a rise of 26.3% compared to ¥68,133,251.20 in the prior period[23] Other Financial Metrics - Accounts receivable increased by 65.37% to ¥772,264,530.20 due to revenue growth, while other receivables decreased by 26.00% to ¥317,532,035.50 due to debt restructuring[9] - Accounts receivable increased to RMB 772,264,530.20 from RMB 466,984,661.96, indicating a significant rise in credit sales[19] - The company has also seen an increase in other receivables, which amounted to RMB 317,532,035.50, down from RMB 429,086,236.55[19] - The company reported an investment loss of ¥12,459,607.65, worsening from a loss of ¥6,465,191.19 in the previous period[23] - The total comprehensive income for the period was CNY 31,976,408, compared to CNY 122,212,723 in the previous period[24] - The company received CNY 108,583,687.40 in tax refunds, compared to CNY 65,118,706.21 in the previous period, marking a 66.7% increase[26] - The cash inflow from investment activities totaled CNY 19,516,325.62, significantly higher than CNY 6,391,339.35 in the previous period[26] - The total cash and cash equivalents at the end of the period were CNY 246,081,941.77, down from CNY 561,856,905.39 in the previous period[27] - The cash and cash equivalents at the end of the period were not disclosed but are critical for assessing liquidity and operational flexibility[21]

Company Summary - Zanyu Technology (SZ 002637) announced on October 24 that shareholder Fang Yinjun has pledged 7.1 million shares to Bank of China International Securities, representing 29.83% of his total holdings [1][1][1] - As of the announcement date, Zanyu Technology has a market capitalization of 5.2 billion yuan [1][1][1] Industry Summary - For the first half of 2025, Zanyu Technology's revenue composition is as follows: 52.21% from the oil and fat chemical industry, 45.59% from daily chemicals, 1.75% from trade and other businesses, and 0.45% from processing services [1][1][1]

| 股 | 是否为控股 | | | 占公司 | 是否为限售 | 是否为 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 东 | 股东或第一 | 本次质押 | 占其所持 | 总股本 | 股（如是， | 补充质 | 质押起 | 质押到 | 质权人 | 质押用 | | 名 | 大股东及其 | 数量(股) | 股份比例 | 比例 | 注明限售类 | 押 | 始日 | 期日 | | 途 | | 称 | 一致行动人 | | | | 型） | | | | | | | 方 银 | | | | | | | 2025-1 | 2026-1 | 中银国 际证券 | 个人融 | | | 否 | 7,100,000 | 29.83% | 1.51% | 否 | 否 | 0-22 | 0-21 | 股份有 | 资需要 | | 军 | | | | | | | | | 限公司 | | 1、本次股份质押的基本情况 2、股东股份累计质押的基本情况 注:"股份限售和冻结数量"中的限售股份为高管锁定股。 证券代码：002637 证券简称： ...