Core Viewpoint - The company emphasizes the importance of market value management and aims for high-quality development to enhance its market value through improved operational performance [1] Group 1 - The company is committed to building communication bridges with investors through various forms such as performance briefings and investor research [1] - The company continuously monitors the upstream and downstream of its main industry chain to identify investment opportunities and expand its development space [1] - The company strives to inject new momentum into its long-term development [1]

Core Viewpoint - The company is maintaining stable operations in its main business and is exploring applications of specialty steel wire products in the new energy sector, although large-scale sales have not yet been established [1] Group 1 - The company is focusing on high-quality development of its various businesses while keeping an eye on policy directions [1] - The specific business plans of its associate company Lingban Technology regarding the "Guaguayousheng" project should be referred to its official information, as it operates independently [1]

Core Viewpoint - The company is closely monitoring policies related to the acceleration of scene cultivation and the large-scale application of new scenarios, indicating a proactive approach to align its business with emerging opportunities [1] Group 1: Company Operations - The company's main business remains stable, suggesting a solid operational foundation [1] - The special steel wire segment is exploring applications in the new energy sector, although it has not yet achieved significant sales volume [1]

Business Overview - The textile carding equipment is a key business for the company, maintaining a leading position in the domestic market and planning to expand overseas, where current overseas revenue is relatively low [2][3] - The company has intensified its efforts in the home appliance sector for stainless steel decorative panels, collaborating with well-known brands to develop high-end products [3][4] Special Steel Wire Products - Special steel wire has diverse applications, including springs, rivets, fishhooks, automotive parts, and textile equipment. The external supply of steel wire has surpassed internal needs, leading to a saturated order volume and insufficient production capacity [3][4] - A high-end special steel wire project is underway, with construction completed and equipment installation in progress, aimed at alleviating capacity constraints [3][4] Equipment Manufacturing - The equipment manufacturing business focuses on metal wire rod rolling equipment, with a strong growth trend and the ability to replace imports. The demand for flat wire processing equipment is increasing due to advancements in electric vehicle motors and ultra-high voltage transformers [4][5] Market and Shareholder Management - The company aims for high-quality development to enhance operational performance and market value, while also improving investor relations and information disclosure [4][5] - The company has initiated its first share buyback in line with provincial government guidelines and is considering the feasibility of using repurchased shares for equity incentives [5] - The original controlling shareholder's reduction of holdings is ongoing, which may impact stock prices, but the company believes its long-term investment value will be recognized as it continues to develop healthily [5]

证券代码：002722 证券简称：物产金轮 公告编码：2025-084 | 1．基本情况 | | | | | --- | --- | --- | --- | | 信息披露义务人 | 南通金轮控股有限公司 | | | | 住所 | 江苏省南通市海门区丝绸路 | 949 号 | | | 权益变动时间 | 2025 年 11 月 5 日 | | | | 股票简称 | 物产金轮 | 股票代码 | 002722 | | 变动类型（可多选） | 增加□ 减少☑ | 一致行动人 | 有□ 无☑ | | 是否为第一大股东或实际控制人 | | 是□ | 否☑ | | 2．本次权益变动情况 | | | | 物产中大金轮蓝海股份有限公司 关于持股 5%以上股东权益变动触及 1%整数倍的公告 公司持股 5%以上股东南通金轮控股有限公司保证向公司提供的信息内容真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证信息披露的内容与信息披露义务人提供的信 息一致。 物产中大金轮蓝海股份有限公司（以下简称"公司"、"物产金轮"）于 2025 年 9 月 11 日披露了《持股 5%以上股东减持计划预披露公告》（公 ...

Core Viewpoint - The company, Wuchan Goldwheel (002722.SZ), has received a notification from Jinlun Holdings regarding a reduction in shareholding, indicating a significant change in ownership structure [1] Group 1 - Jinlun Holdings has reduced its stake in Wuchan Goldwheel by selling 1 million shares [1] - The total shares sold represent 8.84% of the company's current total share capital [1] - After excluding shares in the repurchase special account, the reduction accounts for 8.87% of the adjusted total share capital [1]

Core Points - Nantong Jinlun Holdings Co., Ltd. reduced its stake in Wuchan Jinlun by selling 1 million shares, representing 1.16% of the total share capital [1] - After the reduction, Nantong Jinlun Holdings holds 19.662315 million shares, decreasing its ownership from 10.00% to 8.84% [1] - The share reduction was part of a previously disclosed plan and was executed through centralized trading on the stock exchange [1] - Despite the reduction, Nantong Jinlun Holdings remains a shareholder with over 5% ownership, and there has been no change in the company's control [1]

Core Viewpoint - The shareholder Nantong Jinlun Holdings Co., Ltd. has reduced its stake in the company by 1 million shares, representing 8.84% of the current total share capital, and 8.87% when excluding shares in the repurchase account [1] Summary by Sections - **Shareholder Actions** - Nantong Jinlun Holdings Co., Ltd. has cumulatively reduced its holdings by 1 million shares as of November 5, 2025 [1] - The reduction accounts for a 1.16% decrease in equity [1] - **Reduction Plan** - The initial plan was to reduce up to 6.2428 million shares between October 10, 2025, and January 9, 2026, which would be up to 3% of the total share capital excluding repurchased shares [1] - The current reduction plan has not yet been fully executed [1] - **Regulatory Compliance** - The reduction has complied with relevant regulations and will not lead to a change in the company's control [1]

Core Viewpoint - The stock of Wuchan Jinlun has shown a mixed performance in recent trading sessions, with a year-to-date increase of 16.34% and a notable decline over the past 60 days, indicating potential volatility in its market position [2]. Financial Performance - For the period from January to September 2025, Wuchan Jinlun reported a revenue of 1.811 billion yuan, reflecting a year-on-year decrease of 7.30%. The net profit attributable to shareholders was 97.6648 million yuan, down 13.85% compared to the previous year [2]. - Cumulatively, since its A-share listing, Wuchan Jinlun has distributed a total of 298 million yuan in dividends, with 109 million yuan distributed over the last three years [3]. Stock Market Activity - As of October 31, Wuchan Jinlun's stock price rose by 2.14% to 16.23 yuan per share, with a trading volume of 27.1876 million yuan and a turnover rate of 0.88%. The total market capitalization stands at 3.609 billion yuan [1]. - The net inflow of main funds was 492,000 yuan, with large orders amounting to 2.3489 million yuan, accounting for 8.64% of total transactions, while sales reached 1.8568 million yuan, representing 6.83% [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Wuchan Jinlun increased to 28,400, marking an 11.84% rise from the previous period. The average number of circulating shares per shareholder decreased by 6.39% to 6,479 shares [2]. - Among the top ten circulating shareholders, the Guotai Zhongzheng Steel ETF (515210) is the fourth largest, holding 1.2181 million shares, an increase of 701,800 shares from the previous period [3]. Business Overview - Wuchan Jinlun, established on December 14, 2004, and listed on January 28, 2014, is located in Nantong Economic and Technological Development Zone, Jiangsu Province. The company specializes in the research, production, and sales of textile carding equipment and stainless steel decorative materials [2]. - The main business revenue composition includes stainless steel plates (56.38%), other products (19.86%), metal needle cloth (13.39%), elastic covers (5.82%), strip needle cloth (2.42%), and fixed covers (2.14%) [2]. Industry Classification - Wuchan Jinlun is classified under the Shenwan industry category of machinery and equipment, specifically specialized equipment for textile and apparel [2]. The company is also associated with several concept sectors, including small-cap stocks, artificial intelligence, venture capital, AIGC concepts, and Zhejiang state-owned assets [2].

Group 1: Financial Performance - The company's revenue and profit both experienced a decline in the first three quarters of 2025 compared to the same period last year, primarily due to external economic conditions and U.S. tariff policies [2][3] - In Q3 2025, revenue increased by 4.95% compared to Q2, and year-on-year growth was 13.03%; net profit attributable to shareholders grew by 30.39% quarter-on-quarter and 20.96% year-on-year [3] Group 2: Strategic Initiatives - The company is focusing on high-end product development and expanding both domestic and international markets, which are key drivers for sustainable growth [3] - The company plans to enhance its gross margin in the stainless steel decorative board business by increasing the sales proportion of high-end products and accelerating the certification process for new clients [3] Group 3: Research and Development - R&D expenses have significantly increased compared to the same period last year, with ongoing efforts in patent applications and authorizations [4] - The company is actively exploring potential investment opportunities in emerging fields such as new energy and new materials, although there are currently no plans for independent R&D or collaborations in these areas [4] Group 4: Corporate Governance and Investor Relations - The company is committed to high-quality development and aims to enhance its market value through improved operational performance and effective investor relations management [5] - The company acknowledges the impact of macroeconomic factors and industry cycles on stock price fluctuations and encourages investors to consider these risks rationally [5]