Core Viewpoint - The stock price of Zhen Shitong has shown fluctuations, with a recent increase of 2.04% on November 18, 2023, despite a year-to-date decline of 6.03% [1][2]. Company Overview - Zhen Shitong Technology Co., Ltd. is located in Beijing and was established on May 22, 2000, with its stock listed on June 29, 2015 [2]. - The company specializes in multimedia video systems and data center system construction and services [2]. - The revenue composition includes multimedia information systems (55.69%), production monitoring and emergency command systems (20.99%), other services (17.74%), and data center system construction and services (5.57%) [2]. Financial Performance - For the period from January to September 2025, Zhen Shitong reported a revenue of 215 million yuan, representing a year-on-year decrease of 11.73% [2]. - The net profit attributable to shareholders was -52.77 million yuan, reflecting a significant year-on-year decline of 128.80% [2]. - Cumulatively, the company has distributed 104 million yuan in dividends since its A-share listing, with 4.87 million yuan distributed over the past three years [3]. Market Activity - As of November 18, 2023, Zhen Shitong's stock was trading at 16.51 yuan per share, with a market capitalization of 3.463 billion yuan [1]. - The stock experienced a net outflow of 1.34 million yuan in principal funds, with large orders accounting for 7.70% of purchases and 9.97% of sales [1].

Core Viewpoint - Zhen Shitong is a leading enterprise in the multimedia video and data center field in China, providing comprehensive solutions across the entire industry chain [1] Group 1: Business Performance - In Q3 2025, Zhen Shitong achieved revenue of 215 million yuan, ranking 103rd among 131 companies in the industry [2] - The company's main business revenue breakdown includes multimedia information systems at 72.68 million yuan (55.69%), production monitoring and emergency command systems at 27.39 million yuan (20.99%), other revenues at 23.16 million yuan (17.74%), and data center system construction and services at 7.27 million yuan (5.57%) [2] - The net profit for the same period was -58.26 million yuan, ranking 104th in the industry [2] Group 2: Financial Ratios - As of Q3 2025, Zhen Shitong's debt-to-asset ratio was 31.47%, lower than the previous year's 38.45% and below the industry average of 38.93% [3] - The gross profit margin for Q3 2025 was 15.81%, an increase from 13.26% in the previous year but significantly lower than the industry average of 29.96% [3] Group 3: Executive Compensation - The chairman, Wang Guohong, received a salary of 284,200 yuan in 2024, a decrease of 177,500 yuan from 2023 [4] - The general manager, Wang Xiaogang, received a salary of 386,000 yuan in 2024, down 27,300 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.11% to 45,200 [5] - The average number of circulating A-shares held per shareholder increased by 2.15% to 3,863.25 [5]

Core Insights - Zhen Shitong (002771.SZ) released its Q3 2025 financial report on October 23, 2025, indicating a total of 10.4673 million A-shares held by institutional investors, accounting for 4.99% of the company's total share capital [1] Institutional Holdings - As of October 22, 2025, there is one institutional investor holding shares in Zhen Shitong, which is Suzhou Longyue Holdings Co., Ltd. [1] - The total institutional holding percentage decreased by 0.81 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 14 public funds were not disclosed compared to the previous quarter, including funds such as Guojin Quantitative Multi-Factor A, Guojin Quantitative Selected A, Guojin Quantitative Multi-Strategy A, CSI 2000, and Zheshang Huijin Quantitative Selected Stocks A [1]

Core Viewpoint - The company, Beijing Zhen Shitong Technology Co., Ltd., has disclosed its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided [1][2]. Financial Data Summary - The third-quarter financial report has not been audited [3][6]. - The company has confirmed that there are no adjustments or restatements required for previous accounting data [3]. - Non-recurring gains and losses are not applicable, and there are no other items that meet the definition of non-recurring gains and losses [3]. Asset and Liability Analysis - The company has conducted a comprehensive review and impairment testing of its assets as of September 30, 2025, to reflect the financial status accurately [10][11]. - The total amount of credit impairment provisions recognized is 4.8773 million yuan, with a reversal of 675,900 yuan, and the total amount of assets written off is 302,200 yuan [14]. Shareholder Information - The company has reported that there are no changes in the top ten shareholders or any significant shareholders participating in the securities lending business [5]. Board Meeting Resolutions - The board of directors approved the third-quarter report with unanimous consent from all attending members [7][9]. - The board also approved the proposal for recognizing and reversing asset impairment provisions and writing off assets, ensuring compliance with accounting standards [10][14].

Group 1 - The company, Zhen Shitong, announced a total provision for credit impairment of 4.8773 million yuan and a reversal of asset impairment provisions amounting to 675,900 yuan, resulting in a net profit reduction of 3.5091 million yuan for the first three quarters of 2025 [1] - The company's revenue composition for the first half of 2025 shows that the government sector accounts for 34.04%, the energy sector for 32.02%, other industries for 23.54%, the financial sector for 7.99%, and the transportation sector for 2.41% [1] - As of the report date, Zhen Shitong's market capitalization is 3.3 billion yuan [2]

Core Insights - The company, Zhen Shitong (002771.SZ), reported a revenue of 215 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 11.73% [1] - The net loss attributable to shareholders of the listed company reached 52.77 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 52.82 million yuan [1]

Company Overview - Zhen Shitong (SZ 002771) announced its sixth board meeting on October 22, 2025, to review the third quarter report for 2025 [1] - As of the report, Zhen Shitong has a market capitalization of 3.3 billion yuan [1] Revenue Composition - For the first half of 2025, Zhen Shitong's revenue breakdown is as follows: - Government sector: 34.04% - Energy sector: 32.02% - Other sectors: 23.54% - Financial sector: 7.99% - Transportation sector: 2.41% [1]

证券代码：002771 证券简称：真视通 公告编号：2025-057 北京真视通科技股份有限公司 关于计提和转回资产减值准备及核销资产的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 经公司对截至2025年9月30日存在可能发生减值迹象的资产进行全面清查和 资产减值测试后，对各项资产是否存在减值进行评估和分析，公司本次计提和转 回资产减值准备的资产项目为应收账款、其他应收款和合同资产，具体明细如下： | 类别 | 项目 | 本次计提和转回减 值金额（元） | 占 年经审计归 2024 属于上市公司股东 净利润的比例 | | | --- | --- | --- | --- | --- | | 一、信用减值损失 （损失以"-"号填 | 应收账款坏账 准备 | -5,076,021.37 | | -71.87% | | 列） | 其他应收款坏 账准备 | 198,695.44 | | 2.81% | | 二、资产减值损失 （损失以"-"号填 列） | 合同资产减值 损失 | 675,934.23 | | 9.57% | | 合计 | | -4,201,391. ...

第六届董事会第三次会议决议公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 北京真视通科技股份有限公司（以下简称"公司"或"本公司"）第六届董 事会第三次会议于2025年10月22日上午10时在北京市朝阳区马甸裕民路12号中 国国际科技会展中心B座11层公司会议室以现场和通讯相结合的方式召开，本次 会议由公司董事长王国红先生召集并主持，会议通知于2025年10月17日以专人递 送、电子邮件等方式送达给全体董事。应出席董事9人，出席会议董事9人。本次 会议的召集、召开符合《中华人民共和国公司法》和《公司章程》的有关规定。 经与会董事认真审议，本次会议以记名投票表决方式逐项表决通过了以下决议： 一、 审议通过《关于公司2025年第三季度报告的议案》； 证券代码：002771 证券简称：真视通 公告编号：2025-055 北京真视通科技股份有限公司 表决结果：以同意9票，反对0票，弃权0票的表决结果审议通过《关于计提 和转回资产减值准备及核销资产的议案》。 《关于计提和转回资产减值准备及核销资产的公告》详见公司指定信息披露 媒体巨潮资讯网（http://www ...

Group 1 - The company's revenue for the third quarter is 84.02 million yuan, representing a year-on-year increase of 14.82% [1] - The company reported a net loss of 15.6964 million yuan for the third quarter, a decrease of 71.01% compared to the previous year [1] - For the first three quarters, the company's revenue is 215 million yuan, showing a year-on-year decline of 11.73% [1] Group 2 - The net loss for the first three quarters amounts to 52.7673 million yuan, reflecting a significant decline of 128.80% year-on-year [1]