Group 1 - The core point of the article is that Kaizhong Precision (002823.SZ) reported a decline in revenue for the first three quarters of the year, while net profit showed significant growth [1] Group 2 - The company's operating revenue for the first three quarters was 2.175 billion yuan, a year-on-year decrease of 6.62% [1] - The net profit attributable to shareholders of the listed company was 179 million yuan, reflecting a year-on-year increase of 54.45% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 180 million yuan, which represents a year-on-year growth of 66.79% [1]

Group 1 - Company KaiZhong Precision reported a revenue of approximately 2.175 billion yuan for the first three quarters of 2025, a year-on-year decrease of 6.62% [1] - The net profit attributable to shareholders of the listed company was approximately 179 million yuan, reflecting a year-on-year increase of 54.45% [1] - Basic earnings per share increased by 56.42% to 0.6022 yuan [1] Group 2 - As of the report, the market capitalization of KaiZhong Precision is 5.4 billion yuan [2]

证券代码：002823 证券简称：凯中精密 公告编号：2025-051 深圳市凯中精密技术股份有限公司 第五届董事会第十二次会议决议公告 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，不 存在虚假记载、误导性陈述或重大遗漏。 具体内容详见公司同日披露于巨潮资讯网（http://www.cninfo.com.cn）的 《2025 年第三季度报告》。 本议案已经公司第五届董事会审计委员会 2025 年第五次会议审议通过。 表决结果：9 票同意、0 票反对、0 票弃权、0 票回避。 特此公告。 深圳市凯中精密技术股份有限公司 董事会 2025 年 10 月 24 日 1 深圳市凯中精密技术股份有限公司（以下简称"公司"）第五届董事会第十二 次会议通知于2025年10月19日以电子邮件、电话等形式向各位董事发出，会议于 2025年10月23日以现场与通讯相结合的方式召开。本次会议应出席董事9名（含 独立董事3名），实际出席9名。会议由董事长张浩宇先生召集和主持，公司总经 理、常务副总经理、董事会秘书列席了会议。本次会议的召集、召开和表决程序 均符合《中华人民共和国公司法》等法律、法规及《深圳市凯中精密技术 ...

Financial Performance - The company's revenue for Q3 2025 was ¥745,348,832.68, a decrease of 4.88% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was ¥65,938,183.25, an increase of 70.74% year-on-year[4] - The basic earnings per share for Q3 2025 was ¥0.2218, reflecting an increase of 85.92% compared to the same period last year[4] - Total operating revenue for the current period is $2,175,359,720.30, a decrease of 6.6% from $2,329,550,634.31 in the previous period[17] - Net profit for the current period is $179,065,515.18, representing an increase of 54.3% compared to $115,934,867.13 in the previous period[18] - Basic and diluted earnings per share increased to $0.6022 from $0.3850, reflecting a growth of 56.5%[19] - Other comprehensive income after tax for the current period is $38,139,905.37, a significant recovery from a loss of $1,957,498.03 in the previous period[18] - The company reported a total comprehensive income of $217,205,420.55, an increase of 90.5% from $113,977,369.10 in the previous period[19] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,605,320,695.54, representing a 1.16% increase from the end of the previous year[4] - The company's equity attributable to shareholders increased by 5.64% year-on-year, reaching ¥2,032,243,497.12[4] - Total assets amounted to ¥3,605,320,695.54, up from ¥3,563,923,727.47, marking an increase of about 1.2%[15] - Total liabilities decreased to ¥1,573,077,198.42 from ¥1,640,238,261.59, showing a reduction of approximately 4.1%[15] - The company's equity attributable to shareholders increased to ¥2,032,243,497.12 from ¥1,923,685,465.88, representing a growth of about 5.7%[15] - The company’s estimated liabilities increased by 1101.29% due to the rise in expected liabilities from unresolved lawsuits[8] Cash Flow and Financing - Cash flow from operating activities for the year-to-date period was ¥351,921,850.83, an increase of 52.24%[4] - Net cash flow from operating activities is $351,921,850.83, up 52.4% from $231,162,491.69 in the previous period[20] - Cash and cash equivalents at the end of the period increased to $136,313,883.36 from $103,757,061.02, marking a rise of 31.4%[21] - The company reported a significant increase in accounts receivable financing, up 316.24% due to an increase in notes receivable[7] - Short-term borrowings rose to ¥630,013,668.00 from ¥593,605,114.79, indicating an increase of approximately 6.1%[14] - Financing activities generated a net cash outflow of $224,211,480.14, worsening from a net outflow of $112,007,114.38 in the previous period[21] Operational Changes - The company experienced a 61.35% increase in construction in progress, attributed to new project production equipment and technological upgrades[8] - The financial expenses decreased by 79.18% year-on-year, mainly due to reduced interest expenses and favorable exchange rate impacts[8] - The company has plans for market expansion and new product development, although specific figures were not disclosed during the call[12] - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[12] Inventory and Receivables - Accounts receivable rose to ¥500,033,484.55 from ¥493,321,481.79, indicating an increase of about 1.4%[13] - Inventory decreased to ¥468,855,946.10 from ¥486,579,177.97, reflecting a decline of approximately 3.7%[13] - The company reported a decrease in fixed assets to ¥1,816,008,338.36 from ¥1,873,412,886.64, reflecting a decline of about 3.1%[14]

Core Insights - The company reported a third-quarter revenue of 745 million yuan, a year-on-year decrease of 4.88% [1] - The net profit for the third quarter was 65.93 million yuan, showing a significant year-on-year increase of 70.74% [1] - For the first three quarters, the total revenue reached 2.175 billion yuan, reflecting a year-on-year decline of 6.62% [1] - The net profit for the first three quarters was 179 million yuan, which represents a year-on-year growth of 54.45% [1]

Market Overview - The electric motor sector increased by 0.75% compared to the previous trading day, with Dayang Electric leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Dayang Electric (002249) closed at 11.48, rising by 2.96% with a trading volume of 2.67 million shares and a transaction value of 3.037 billion [1] - Other notable performers include: - Kaizhong Precision (002823) at 16.74, up 2.07% [1] - Bafang Electric (603489) at 24.88, up 1.97% [1] - Huayang Intelligent (301502) at 47.77, up 1.90% [1] - Kangping Technology (300907) at 33.04, up 1.63% [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 252 million from institutional investors, while retail investors saw a net inflow of 103 million [2] - Notable stock fund flows include: - Jiangte Electric (002176) with a net inflow of 26.04 million from institutional investors [3] - Huayi Shares (300626) with a net inflow of 24.04 million from institutional investors [3] - Zhaowei Electromechanical (003021) with a net inflow of 13.15 million from institutional investors [3]

Core Points - The company, Kaizhong Precision (002823.SZ), has completed its employee stock ownership plan by purchasing a total of 1,252,200 shares through the secondary market, representing 0.38% of the total share capital [1] - The average transaction price for the shares was approximately 15.96 yuan per share, with a total transaction amount of 19,989,627.00 yuan (excluding transaction fees) [1] - The purchased shares will be locked for a period of 12 months, from October 21, 2025, to October 20, 2026 [1]

深圳市凯中精密技术股份有限公司（以下简称"公司"）于2025年4月15日、 2025年5月7日分别召开了第五届董事会第六次会议和2024年年度股东大会，审议 通过了《关于公司<2025年员工持股计划（草案）>及其摘要的议案》《关于公 司<2025年员工持股计划管理办法>的议案》《关于提请股东大会授权董事会办 理 员 工 持 股 计 划 相 关 事 宜 的 议 案 》 ， 具 体 内 容 详 见 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 证券代码：002823 证券简称：凯中精密 公告编号：2025-050 深圳市凯中精密技术股份有限公司 关于 2025 年员工持股计划完成股票购买暨实施进展的公告 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，不 存在虚假记载、误导性陈述或重大遗漏。 3、公司董事未参与本次员工持股计划，公司董事之关联人、监事、高级管 理人员参与本次员工持股计划，相关人员在公司董事会、监事会、股东大会审议 本次员工持股计划相关议案时回避表决。除此之外，公司董事、监事、高级管理 人员与本次员工持股计划之间不存在关联关系。 4、本次员工持股计划的持有人与 ...

Core Viewpoint - The company, Kaizhong Precision (002823.SZ), has completed its employee stock ownership plan by purchasing a total of 1,252,200 shares, representing 0.38% of the total share capital, at an average price of approximately 15.96 yuan per share, totaling around 19.99 million yuan [1] Summary by Relevant Sections - **Employee Stock Ownership Plan** - The employee stock ownership plan for 2025 has been executed through secondary market transactions [1] - The total shares purchased under this plan are 1,252,200, which is 0.38% of the company's total share capital [1] - The average transaction price for the shares was approximately 15.96 yuan per share, with a total transaction amount of 19,989,627.00 yuan (excluding transaction fees) [1] - **Lock-up Period** - The purchased shares will be subject to a lock-up period of 12 months, starting from October 21, 2025, to October 20, 2026 [1] - The actual subscription amount did not exceed the upper limit approved by the shareholders' meeting [1]

Market Overview - The electric motor sector experienced a decline of 3.48% on the trading day, with the leading stock, Fangzheng Electric, falling significantly [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Fangzheng Electric (002196) saw a sharp decline of 10.02%, closing at 8.62, with a trading volume of 532,300 shares and a turnover of 468 million [2] - Other notable declines included: - Kaizhong Precision (002823) down 9.88% to 15.78 - Xiangdian Co. (600416) down 5.14% to 14.20 - Ocean Electric (002249) down 4.88% to 10.14 [2] Capital Flow - The electric motor sector experienced a net outflow of 575 million from institutional investors, while retail investors saw a net inflow of 488 million [2][3] - Notable capital flows included: - Wolong Electric (600580) with a net outflow of 44.56 million from institutional investors [3] - Zhongdian Electric (603988) with a net inflow of 44.30 million from institutional investors [3] Individual Stock Analysis - Dibei Electric (603320) closed at 21.29, with a slight increase of 1.57%, trading 108,700 shares for a turnover of 228 million [1] - Other stocks like Huayi Intelligent (301502) and Ananda (603350) also faced declines of 2.80% and 2.84%, respectively [1]