Summary of Key Points Core Viewpoint - The company, Fenda Technology, announced a share buyback plan, indicating confidence in its financial health and future prospects [1]. Group 1: Share Buyback Details - Fenda Technology plans to repurchase approximately 3.22 million shares, which represents 0.18% of the company's total share capital [1]. - The buyback will be conducted through centralized bidding, with a maximum transaction price of 7.78 yuan per share and a minimum price of 6.53 yuan per share [1]. - The total amount allocated for this buyback is approximately 22.23 million yuan [1].

根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等规定，现将公司实施股份回购的进展情况公告如下： 一、回购股份的进展情况 截至 2025 年 10 月 31 日，公司以集中竞价方式回购公司股份 3,219,700 股， 占公司目前总股本的比例为 0.18%，最高成交价为 7.78 元/股，最低成交价为 6.53 元/股，支付总金额为 22,230,117.00 元（不含交易费用）。本次回购符合公司回购 方案中限定条件的要求。 二、其他说明 证券代码：002681 证券简称：奋达科技 公告编号：2025-063 深圳市奋达科技股份有限公司 关于回购公司股份的进展公告 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。 深圳市奋达科技股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日召开 第五届董事会第十七次会议，审议通过了《关于回购公司股份的议案》，公司决 定使用自有资金或自筹资金以集中竞价方式回购部分公司已发行的人民币普通 股（A 股）股份，用于实施股权激励计划或员工持股计划。本次回购股份价格不 超过人民币 1 ...

Core Insights - Fenda Technology (002681.SZ) released its Q3 2025 report on October 31, 2025, indicating a total of 1.22 billion shares held by institutional investors, accounting for 6.79% of the company's total equity [1] Institutional Holdings - A total of six institutional investors disclosed their holdings in Fenda Technology, with a combined shareholding of 1.22 billion shares [1] - The institutional investors include Shenzhen High-tech Investment Group Co., Ltd., Shenzhen Guarantee Group Co., Ltd., Zhuhai Gree Financial Investment Management Co., Ltd., and others [1] - The institutional holding percentage decreased by 2.00 percentage points compared to the previous quarter [1] Public Fund Holdings - In this period, 63 public funds were reported, including Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and others [1] - No new public funds were disclosed compared to the previous quarter [1]

Core Points - The company and its board guarantee the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][3][6] Financial Data Summary - The quarterly financial report has not been audited [3][5] - There are no adjustments or restatements of previous accounting data [3] - The company does not have any non-recurring profit and loss items [3][4] - Changes in major accounting data and financial indicators are applicable, with details to be provided in the financial statements [4] Shareholder Information - The total number of common shareholders and the situation of the top ten shareholders are to be reported [4] - There are no changes in the top ten shareholders due to securities lending activities [4] Other Important Matters - No other significant matters are applicable for this reporting period [4]

Core Viewpoint - The company reported a significant 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 1.99 billion yuan, representing a year-on-year decrease of 15.46% [1] - The net profit attributable to shareholders was 12.78 million yuan, down 91.65% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 8.96 million yuan, reflecting a year-on-year decline of 93.03% [1]

Group 1 - The core viewpoint of the article highlights that Fenda Technology (SZ 002681) reported a significant decline in its third-quarter performance for 2025, with revenue of approximately 1.99 billion yuan, a year-on-year decrease of 15.46% [1] - The net profit attributable to shareholders of the listed company was about 12.78 million yuan, reflecting a substantial year-on-year decrease of 91.65% [1] - The basic earnings per share were reported at 0.0071 yuan, which is a decrease of 91.63% compared to the previous year [1] Group 2 - As of the report date, Fenda Technology's market capitalization stands at 11.9 billion yuan [2]

Financial Performance - The company's revenue for Q3 2025 was ¥729,603,387.21, a decrease of 22.62% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥4,302,975.15, representing a decline of 106.42% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,721,278.74, down 90.97% from the previous year[4] - The company reported a 15.46% decline in revenue for the first nine months of 2025, totaling ¥1,989,844,859.44, primarily due to decreased sales in audio products and smart wearables[11] - Total operating revenue for the third quarter was CNY 1,989,844,859.44, a decrease of 15.5% compared to CNY 2,353,802,081.28 in the same period last year[20] - Net profit for the period was CNY 7,629,756.28, a significant decline from CNY 141,309,212.63 year-over-year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,582,892,168.27, a decrease of 1.71% from the end of the previous year[4] - The company reported a total asset value of CNY 4,582,892,168.27, a decrease from CNY 4,662,443,344.69[18] - Total liabilities decreased slightly to CNY 2,316,001,371.78 from CNY 2,322,740,729.05[18] - Long-term borrowings increased to CNY 828,607,692.28, up from CNY 525,760,164.81, representing a growth of 57.7%[18] - The company's equity attributable to shareholders decreased to CNY 2,278,258,447.57 from CNY 2,407,901,370.53, a decline of 5.4%[18] Cash Flow - The net cash flow from operating activities for the first nine months was ¥128,405,331.45, down 41.31% year-on-year[13] - Net cash flow from operating activities was CNY 128,405,331.45, a decrease from CNY 218,802,361.80 in the previous period[23] - Cash inflow from investment activities totaled CNY 4,725,658,311.96, compared to CNY 2,195,972,720.46 in the prior period[24] - Net cash flow from financing activities was CNY 119,056,178.63, improving from a negative CNY 37,778,179.40 in the previous period[24] - The company reported a decrease in cash inflow from sales of goods and services, totaling CNY 2,229,248,075.43, down from CNY 2,391,070,419.52[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 224,972[14] - The largest shareholder, Xiao Fen, holds 12.06% of shares, totaling 216,479,527 shares, with 165,733,180 shares pledged[14] - The company has no preferred shareholders or related information regarding preferred stockholders[15] - The number of shareholders with voting rights restored for preferred shares is zero[14] - The company has not reported any changes in the top 10 shareholders due to securities lending or borrowing[15] Inventory and Receivables - Inventory levels rose by 71.41% to ¥430,174,026.38, primarily due to stockpiling for orders from the Vietnam production base[8] - Accounts receivable increased from 489,906,835.76 CNY to 595,395,367.58 CNY, representing an increase of about 21.5%[16] - Inventory rose significantly from 250,965,414.78 CNY to 430,174,026.38 CNY, marking an increase of approximately 71.6%[16] Research and Development - Research and development expenses increased by 23.67% to ¥163,292,571.64, reflecting a focus on new product and AI-related development[11] - Research and development expenses increased to CNY 163,292,571.64, up from CNY 132,040,345.08, indicating a growth of 23.7%[20] Other Financial Metrics - The company recorded an investment income of CNY 6,024,640.90, compared to CNY 4,279,327.08 in the previous year, reflecting an increase of 40.8%[20] - Other comprehensive income after tax was CNY 466,160.16, a recovery from a loss of CNY 7,427,557.21 in the previous year[21] - Total comprehensive income for the period amounted to CNY 8,095,916.44, with a total attributable to the parent company of CNY 13,250,673.04[22] - The company reported basic and diluted earnings per share of CNY 0.0071, down from CNY 0.0848 in the previous period[22]

Core Viewpoint - Fenda Technology's stock has shown mixed performance in recent trading, with a year-to-date increase of 9.78% but a decline of 12.40% over the past 20 days, indicating volatility in its market position [1][2]. Group 1: Stock Performance - On October 22, Fenda Technology's stock rose by 2.09%, reaching 6.85 CNY per share, with a trading volume of 1.01 billion CNY and a turnover rate of 0.98%, resulting in a total market capitalization of 12.293 billion CNY [1]. - Year-to-date, Fenda Technology's stock price has increased by 9.78%, while it has experienced a 0.44% increase over the last five trading days, a 12.40% decrease over the last 20 days, and a 1.58% decrease over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Fenda Technology reported a revenue of 1.26 billion CNY, a year-on-year decrease of 10.68%, and a net profit attributable to shareholders of 17.09 million CNY, down 80.16% year-on-year [2]. - The company has distributed a total of 362 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Fenda Technology had 206,100 shareholders, a decrease of 10.02% from the previous period, with an average of 7,435 circulating shares per shareholder, an increase of 10.36% [2]. - The top ten circulating shareholders include the Southern CSI 1000 ETF, which holds 13.26 million shares, an increase of 3.78 million shares compared to the previous period [3].

Core Insights - Fenda Technology's stock increased by 1.07% on October 20, with a trading volume of 178 million yuan, indicating a positive market response [1] - The company experienced a net financing outflow of 3.1553 million yuan on the same day, with a total financing balance of 706 million yuan, representing 5.93% of its market capitalization [1] - The company's revenue for the first half of 2025 decreased by 10.68% year-on-year, while net profit dropped by 80.16% [2] Financing and Margin Trading - On October 20, Fenda Technology had a financing buy-in of 11.0156 million yuan, with a financing balance of 703 million yuan, which is above the 70th percentile of the past year [1] - The company repaid 1,000 shares of margin trading and sold 800 shares, with a selling amount of 5,288 yuan, indicating active trading behavior [1] - The margin trading balance of 3.0809 million yuan is above the 60th percentile of the past year, suggesting a high level of borrowing activity [1] Shareholder and Dividend Information - As of June 30, the number of shareholders decreased by 10.02% to 206,100, while the average number of circulating shares per person increased by 10.36% [2] - Fenda Technology has distributed a total of 362 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] - The top ten circulating shareholders include the Southern CSI 1000 ETF, which increased its holdings by 3.7819 million shares [3]

Core Viewpoint - The announcement from Fenda Technology indicates that a significant portion of shares held by its controlling shareholder, Mr. Xiao Fen, has been pledged, raising concerns about the company's financial stability and shareholder confidence [1] Group 1: Share Pledge Details - Mr. Xiao Fen has pledged 11.75 million shares recently, bringing the total pledged shares to approximately 177 million, which represents 81.99% of his holdings [1] - The total pledged shares by the concerted actors amount to 7.403 million, accounting for 68.92% of their holdings [1]