Core Viewpoint - Longquan Co., Ltd. reported that as of October 31, 2025, the number of shareholders will be 24,987 [2] Company Summary - Longquan Co., Ltd. is actively engaging with investors through interactive platforms [2] - The company is projecting a specific number of shareholders for a future date, indicating a focus on shareholder engagement and growth [2]

Market Overview - The cement sector experienced a decline of 0.2% on November 4, with Shangfeng Cement leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Individual Stock Performance - Hanjian Heshan saw a significant increase of 10.09%, closing at 6.11, with a trading volume of 231,100 shares and a turnover of 141 million yuan [1] - Fujian Cement also rose by 10.00%, closing at 7.81, with a trading volume of 706,200 shares and a turnover of 527 million yuan [1] - Conversely, Shangfeng Cement fell by 1.83%, closing at 10.74, with a trading volume of 152,300 shares and a turnover of 164 million yuan [2] Capital Flow Analysis - The cement sector had a net inflow of 68.57 million yuan from institutional investors, while retail investors saw a net outflow of 93.65 million yuan [2][3] - Notably, Fujian Cement experienced a net inflow of 102 million yuan from institutional investors, but a net outflow of 68.33 million yuan from retail investors [3] - Hanjian Heshan had a substantial net inflow of 77.89 million yuan from institutional investors, with a significant net outflow of 39.61 million yuan from retail investors [3]

Meeting Overview - The fifth extraordinary general meeting of shareholders was held on October 30, 2025, at 14:30 [2] - The meeting combined on-site voting and online voting through the Shenzhen Stock Exchange systems [3] Attendance - A total of 142 shareholders participated, representing 235,570,471 shares, which is 41.8350% of the total voting shares [5] - Among them, 8 shareholders attended the meeting in person, representing 234,287,793 shares (41.6072%), while 134 participated via online voting, representing 1,282,678 shares (0.2278%) [5] Resolutions Passed - Four proposals were presented at the meeting, with the second and third proposals requiring a special resolution, both passing with over two-thirds of the votes [6] - The following proposals were approved: 1. **Reappointment of the auditing firm for 2025**: Approved with 235,531,471 votes (99.9834%) [7] 2. **Change of registered capital**: Approved with 235,512,671 votes (99.9755%) [8] 3. **Amendment of the Articles of Association**: Approved with 235,533,571 votes (99.9843%) [9] 4. **Revision and establishment of governance systems**: Approved with 235,523,271 votes (99.9800%) [10] Legal Opinion - The meeting was witnessed by lawyers from Beijing Jiayuan Law Firm, confirming that the meeting's procedures and resolutions complied with relevant laws and regulations [11] Capital Reduction Announcement - Following the approval of the capital change, the registered capital will decrease from RMB 563,694,346 to RMB 563,226,346 due to the repurchase and cancellation of 468,000 restricted shares [14][15]

2、本次股东大会未涉及变更以前股东大会决议的情况。 一、会议召开情况 证券代码：002671 证券简称：龙泉股份 公告编号：2025-077 山东龙泉管业股份有限公司 2025 年第五次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示: 1、本次股东大会未出现否决议案的情况； 1、会议召开时间 （1）现场会议召开时间：2025 年 10 月 30 日（星期四）14:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 10 月 30 日 9:15 至 9:25、9:30 至 11:30，13:00 至 15:00；通过深圳 证券交易所互联网投票系统（http://wltp.cninfo.com.cn）投票的具体时间为：2025 年 10 月 30 日 9:15 至 2025 年 10 月 30 日 15:00 期间的任意时间。 2、会议召开地点：江苏省常州市新北区沿江东路 533 号龙泉股份会议室 3、会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 公司通过深圳证券交易所交易 ...

证券代码：002671 证券简称：龙泉股份 公告编号：2025-078 山东龙泉管业股份有限公司 公司回购注销部分已授予但尚未解除限售的限制性股票将涉及注册资本减 少。本次回购注销完成后，公司总股本将由 563,694,346 股减少至 563,226,346 股， 公司注册资本也相应由人民币 563,694,346 元减少至人民币 563,226,346 元。 根据《中华人民共和国公司法》等相关法律、法规的规定，公司特此通知债 权人，债权人自本公告之日起 45 日内，有权要求本公司清偿债务或者提供相应 的担保。债权人未在规定期限内行使上述权利的，公司将按照法定程序继续实施 本次回购注销和减少注册资本相关事宜。 债权人如果提出要求本公司清偿债务的，应根据《中华人民共和国公司法》 等相关法律法规的规定，向公司提出书面要求，并随附相关证明文件。 特此公告。 山东龙泉管业股份有限公司董事会 二零二五年十月三十一日 关于注销回购股份减少注册资本暨通知债权人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 山东龙泉管业股份有限公司（以下简称"公司"或"本公司"）于 ...

北京市嘉源律师事务所 关于山东龙泉管业股份有限公司 2025 年第五次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致：山东龙泉管业股份有限公司 基于前述，本所律师根据相关法律法规的要求，按照律师行业公认的业务标 北京市嘉源律师事务所 关于山东龙泉管业股份有限公司 2025年第五次临时股东大会的 法律意见书 嘉源(2025)-04-774 北京市嘉源律师事务所（以下简称"本所"）接受山东龙泉管业股份有限公 司（以下简称"公司"）委托，指派本所律师出席公司2025年第五次临时股东大 会（以下简称"本次股东大会"），并进行了必要的验证工作。本所指派本所律 师对本次股东大会进行见证，并根据《中华人民共和国公司法》《上市公司股东 会规则》以及《山东龙泉管业股份有限公司章程》（以下简称"《公司章程》"）、 股东大会议事规则的规定对本次股东大会的召集与召开程序、出席会议人员的资 格、表决程序等事项出具本法律意见书。 为出具本法律意见书，本所指 ...

Core Insights - Longquan Co., Ltd. (002671) reported a significant increase in revenue and net profit for Q3 2025, indicating strong financial performance [1] Financial Performance - The company achieved a revenue of 561 million yuan in Q3 2025, representing a year-on-year growth of 58.69% [1] - The net profit for the same period was 84.6044 million yuan, showing a year-on-year increase of 34.49% [1]

Core Insights - Longquan Co., Ltd. (002671.SZ) reported a significant increase in revenue and profit for the first three quarters of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating revenue of 1.179 billion yuan, representing a year-on-year growth of 52.59% [1] - The net profit attributable to shareholders reached 122 million yuan, with a year-on-year increase of 53.54% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 119 million yuan, reflecting a year-on-year growth of 54.95% [1]

证券代码：002671 证券简称：龙泉股份 公告编号：2025-075 山东龙泉管业股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 山东龙泉管业股份有限公司（以下简称"公司"）根据《企业会计准则》《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南第 1 号— —业务办理》等相关规定，将公司 2025 年前三季度计提资产减值准备的具体情 况公告如下： 一、本次计提资产减值准备的概述 1、本次计提资产减值准备的原因 根据《企业会计准则》《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南第 1 号——业务办理》以及公司相关会计政策，为了真实、 准确地反映公司截至 2025 年 9 月 30 日的资产状况和经营成果，公司对 2025 年 前三季度末的资产进行了清查和减值测试。 2、本次计提资产减值准备的资产范围及金额 根据相关法规以及公司相关会计政策，结合公司的实际情况，本着谨慎性原 则，公司及控股子公司 2025 年前三季度计提各项资产减值准备具体情况如下： 单位：元 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥561,051,576.48, representing a year-over-year increase of 58.69%[5] - Net profit attributable to shareholders was ¥84,604,360.36, up 34.49% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥83,325,472.54, reflecting a 32.50% increase year-over-year[5] - The company reported a basic earnings per share of ¥0.1516, which is a 35.00% increase compared to the same period last year[5] - The company’s net profit for the year-to-date period increased by 53.54% compared to the previous year, driven by stable deliveries from major projects and the consolidation of Nantong Power Station Valve Co., Ltd.[10] - Net profit for the current period was ¥125,803,649.02, representing a 59% increase from ¥79,138,724.14 year-over-year[19] - Earnings per share (EPS) increased to 0.2183 from 0.1416, reflecting a growth of 54.2%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,198,586,931.77, an increase of 8.58% from the end of the previous year[5] - The total current assets amount to 2,116,877,643.57 yuan, an increase from 1,828,842,762.78 yuan at the beginning of the period[14] - Total liabilities amount to 2,030,153,455.94 yuan, with current liabilities at 1,015,445,242.97 yuan[15] - The total liabilities increased to ¥1,378,699,344.01 from ¥1,281,337,103.70, indicating a rise of 7.6%[16] - Total equity attributable to shareholders rose to ¥1,780,793,417.20, up from ¥1,665,887,584.91, reflecting a growth of 6.9%[16] - The company’s total liabilities decreased by 30.88% in short-term borrowings, attributed to increased repayments of bank loans[9] Cash Flow - The net cash flow from operating activities increased by 89.73%, primarily due to increased cash collections from sales[11] - Cash flow from operating activities generated a net amount of ¥145,929,519.70, compared to ¥76,913,275.89 in the previous period, marking an increase of 90%[21] - Cash flow from investing activities resulted in a net outflow of ¥234,945,114.13, worsening from a net outflow of ¥30,292,409.98 in the prior period[21] - Cash flow from financing activities showed a net outflow of ¥73,093,941.49, compared to a net outflow of ¥6,355,335.51 in the previous period[21] - The net increase in cash and cash equivalents was -$162,109,535.92, while it was $53,265,530.40 previously[23] - The ending cash and cash equivalents balance stood at $142,076,876.53, down from $183,004,537.84[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,911[12] - The largest shareholder, Guangdong Jianhua Enterprise Management Consulting Co., Ltd., holds 23.07% of shares, totaling 130,033,668 shares[12] - The second-largest shareholder, Jianhua Building Materials (China) Co., Ltd., holds 16.76% of shares, totaling 94,488,394 shares[12] Operational Highlights - The company experienced a significant increase in prepayments, which rose by 754.20% due to increased material payments and prepayments related to the newly consolidated Nantong Power Station Valve Co., Ltd.[9] - The company reported a significant increase in research and development expenses, which totaled ¥15,098,711.56, up from ¥12,601,542.66, indicating a focus on innovation[18] Other Information - The third quarter financial report was not audited[24] - The new accounting standards will be first implemented starting in 2025[24] - The board of directors of Shandong Longquan Pipe Industry Co., Ltd. convened on October 30, 2025[25]