Group 1 - China Satellite reported a net profit of 14.81 million yuan for the first three quarters, marking a turnaround from losses, with a revenue of 3.102 billion yuan, up 85.28% year-on-year [1] - SAIYANG Technology signed a contract worth 533 million yuan for Airbus A320 series aircraft transport tooling, effective until 2038 [1] - Zhongwei Semiconductor achieved a net profit of 152 million yuan, a 36.78% increase year-on-year, with a revenue of 773 million yuan, up 19.03% [2] Group 2 - Jiao Cheng Ultrasonic reported a net profit of 94.03 million yuan, a significant increase of 359.81% year-on-year, with a revenue of 521 million yuan, up 27.53% [3] - Keda Li's net profit grew by 16.55% year-on-year to 1.185 billion yuan, with a revenue of 10.603 billion yuan, up 23.41% [3] - Ningbo Huaxiang's net profit fell by 87.68% to 88.73 million yuan, despite a revenue increase of 5.88% to 19.224 billion yuan [4] Group 3 - Mingzhi Electric reported a net profit of 49.84 million yuan, a 5.43% increase year-on-year, with a revenue of 2.043 billion yuan, up 11.66% [6] - Xianda Co. achieved a net profit of 196 million yuan, a staggering increase of 3064.56% year-on-year, with a revenue of 2.008 billion yuan, up 6.11% [7] - Longxin General's net profit rose by 75.45% to 1.577 billion yuan, with a revenue of 14.557 billion yuan, up 19.14% [8] Group 4 - Hainan Highway reported a net loss of 10.63 million yuan, despite a revenue increase of 133.41% to 314 million yuan [9] - Zhongci Electronics achieved a net profit of 443 million yuan, a 20.07% increase year-on-year, with a revenue of 2.143 billion yuan, up 13.62% [11] - Hangyang Co. reported a net profit of 757 million yuan, a 12.14% increase year-on-year, with a revenue of 11.428 billion yuan, up 10.39% [12] Group 5 - Yuanli Technology's net profit decreased by 2.89% to 152 million yuan, with a revenue of 1.654 billion yuan, down 3.69% [13] - Guihang Co. reported a net profit of 118 million yuan, a slight increase of 0.77%, with a revenue of 1.870 billion yuan, up 8.65% [14] - Haixing Co. achieved a net profit of 147 million yuan, a 41.41% increase year-on-year, with a revenue of 1.711 billion yuan, up 21.45% [16] Group 6 - Weiteng Electric reported a net profit decline of 87.47% to 13.66 million yuan, with a revenue of 2.597 billion yuan, down 5.40% [18] - Tiancai Control achieved a net profit of 50.33 million yuan, a 91.73% increase year-on-year, with a revenue of 1.855 billion yuan, up 27.3% [20] - Hangzhi Qianjin reported a net profit of 207 million yuan, a 9.59% increase year-on-year, with a revenue of 1.730 billion yuan, up 5.39% [21] Group 7 - Suli Co. reported a net profit of 139 million yuan, a remarkable increase of 1522.38%, with a revenue of 2.064 billion yuan, up 25.39% [23] - Sanqi Interactive achieved a net profit of 2.345 billion yuan, a 23.57% increase year-on-year, with a revenue of 12.461 billion yuan, down 6.59% [24] - Yongjie New Materials reported a net profit of 309 million yuan, a 30.99% increase year-on-year, with a revenue of 7.020 billion yuan, up 20.01% [26] Group 8 - Kang Enbei achieved a net profit of 584 million yuan, a 12.65% increase year-on-year, with a revenue of 4.976 billion yuan, up 1.27% [28] - Zhongyuan Highway reported a net profit of 961 million yuan, a 16.78% increase year-on-year, with a revenue of 4.888 billion yuan, up 3.89% [30] - Hunan Gold achieved a net profit of 1.029 billion yuan, a 54.28% increase year-on-year, with a revenue of 41.194 billion yuan, up 96.26% [32] Group 9 - Huadong Pharmaceutical reported a net profit of 2.748 billion yuan, a 7.24% increase year-on-year, with a revenue of 32.664 billion yuan, up 3.77% [33] - Dongyangguang achieved a net profit of 906 million yuan, a significant increase of 189.80%, with a revenue of 10.970 billion yuan, up 23.56% [35] - Xinrui Technology reported a net loss of 62.62 million yuan, despite a revenue increase of 28.02% to 1.672 billion yuan [37] Group 10 - Jiabiyou achieved a net profit of 129 million yuan, a 54.18% increase year-on-year, with a revenue of 428 million yuan, up 10.56% [38] - Ruifeng New Materials reported a net profit of 574 million yuan, a 14.85% increase year-on-year, with a revenue of 2.551 billion yuan, up 10.87% [39] - Zhongfu Industrial achieved a net profit of 1.187 billion yuan, a 63.25% increase year-on-year, with a revenue of 16.633 billion yuan, down 0.60% [40] Group 11 - Aohai Technology reported a net profit of 359 million yuan, a 19.32% increase year-on-year, with a revenue of 5.188 billion yuan, up 14.14% [41] - Kangzhong Medical announced a share transfer plan involving 5.33% of its shares due to shareholder funding needs [43] - Hualing Steel plans to invest 512 million yuan in a new continuous casting project [44]

| 证券代码：002850 | 证券简称：科达利 | 公告编号：2025-072 | | --- | --- | --- | | 债券代码：127066 | 债券简称：科利转债 | | 深圳市科达利实业股份有限公司 第五届董事会第二十四次（临时）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，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市科达利实业股份有限公司（以下简称"公司"）第五届董事会第二十 四次（临时）会议通知于 2025 年 10 月 22 日以电子邮件、书面形式送达全体董 事和高级管理人员；会议于 2025 年 10 月 28 日在公司会议室以现场与通讯表决 相结合的方式举行。会议由董事长励建立先生主持，应到董事七名，实到董事七 名，其中励建炬先生、胡殿君先生、张玉箱女士、赖向东先生、张文魁先生通讯 表决；公司高级管理人员列席了会议。会议召开、审议及表决程序符合《中华人 民共和国公司法》和《公司章程》的有关规定。 《公司 2025 年第三季度报告》详见 2025 年 10 月 29 日的《证券时报》、《中 国证券报》、《上海证券报》和《证券日报》及巨 ...

Group 1 - Company KedaLi (SZ 002850) announced the convening of its 24th temporary board meeting on October 28, 2025, to review the third quarter report for 2025 [1] - For the first half of 2025, KedaLi's revenue composition was 99.87% from metal structure manufacturing and 0.13% from other businesses [1] - The current market capitalization of KedaLi is 48.4 billion yuan [2] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

深圳市科达利实业股份有限公司 董事会薪酬与考核委员会 2025 年 10 月 22 日 深圳市科达利实业股份有限公司（以下简称"公司"）第五届董事会薪酬与 考核委员会第五次会议于 2025 年 10 月 22 日在公司会议室召开，审议通过了《关 于公司 2022 年股票期权激励计划注销部分股票期权的议案》、《关于公司 2022 年股票期权激励计划第三个行权期行权条件达成的议案》。根据《公司 2022 年股 票期权激励计划（草案）》（以下简称"《激励计划》"）及《公司 2022 年股票期权 激励计划实施考核管理办法》（以下简称"《考核办法》"）的规定，对注销 2022 年股票期权激励计划部分股票期权及 2022 年股票期权激励计划第三个行权期行 权条件达成事项进行审核，发表核查意见如下： 一、鉴于 2022 年股票期权激励计划第三个行权期 41 名激励对象离职，已不 符合激励对象要求；1 名激励对象因其他原因身故，其未获准行权的股票期权作 废，由公司注销；另外，2022 年股票期权激励计划第二个行权期激励对象全部 或部分未行权。同意公司董事会对前述已获授、尚未行权的股票期权共 189,160 份予以注销。本次注 ...

关于 2022 年股票期权激励计划注销部分股票期权的公告 | 证券代码：002850 | 证券简称：科达利 | 公告编号：2025-074 | | --- | --- | --- | | 债券代码：127066 | 债券简称：科利转债 | | 深圳市科达利实业股份有限公司 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。 （三）2022 年 10 月 17 日，公司召开 2022 年第三次临时股东大会，会议审 议通过了《关于<公司 2022 年股票期权激励计划（草案）>及其摘要的议案》、《关 于<公司 2022 年股票期权激励计划实施考核管理办法>的议案》以及《关于提请 股东大会授权董事会办理公司 2022 年股票期权激励计划有关事项的议案》。公司 实施本次激励计划已获股东大会批准，并授权董事会确定股票期权授予日、在激 励对象符合条件时向激励对象授予股票期权并办理授予股票期权所必需的全部 事宜。 （四）2022 年 10 月 17 日，公司分别召开第四届董事会第三十五次（临时） 会议和第四届监事会第二十二次（临时）会议，审议通过了《关于调整 2022 年 股票期 ...

| 证券代码：002850 | 证券简称：科达利 | 公告编号：2025-075 | | --- | --- | --- | | 债券代码：127066 | 债券简称：科利转债 | | 深圳市科达利实业股份有限公司 关于 2022 年股票期权激励计划第三个行权期行权条件达成 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。 深圳市科达利实业股份有限公司（以下简称"公司"或"本公司"）于2025 年10月28日召开第五届董事会第二十四次（临时）会议审议通过了《关于公司2022 年股票期权激励计划第三个行权期行权条件达成的议案》。现将相关事项公告如 下： 一、公司 2022 年股票期权激励计划已履行的决策程序 （一）2022 年 9 月 23 日，公司召开第四届董事会第三十四次（临时）会议， 会议审议通过了《关于<公司 2022 年股票期权激励计划（草案）>及其摘要的议 案》、《关于<公司 2022 年股票期权激励计划实施考核管理办法>的议案》以及《关 于提请股东大会授权董事会办理公司 2022 年股票期权激励计划有关事项的议 案》。公司独立董事对此发表了同 ...

关于 深圳市科达利实业股份有限公司 2022 年股票期权激励计划 第三个行权期行权条件成就及 注销部分股票期权的 法律意见书 中国 深圳 福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11-12/F, Taiping Finance Tower, Yitian Road No.6001, Futian District, Shenzhen 518038 电话(Tel)：(0755)88265288 传真(Fax)：(0755)88265537 电子邮件（E-mail）：info@sundiallawfirm.com 网站（Website）：www.sundiallawfirm.com | | | 法律意见书 广东信达律师事务所 关于深圳市科达利实业股份有限公司 2022 年股票期权激励计划 第三个行权期行权条件成就及注销部分股票期权的 法律意见书 信达励字[2025]第 157 号 致：深圳市科达利实业股份有限公司 广东信达律师事务所（以下简称"信达"）接受贵公司的委托，担任贵公 司实施 2022 年股票期权激励计划的专项法律顾问。根据《中华人民共和国公司 法》《中华人民共和国证券法 ...

科达利公告，第三季度营收为39.59亿元，同比增长25.81%；净利润为4.15亿元，同比增长12.75%。前 三季度营收为106.03亿元，同比增长23.41%；净利润为11.85亿元，同比增长16.55%。 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥3,958,539,728.08, representing a year-on-year increase of 25.81%[5] - Net profit attributable to shareholders was ¥415,311,356.57, up 12.75% compared to the same period last year[5] - The basic earnings per share (EPS) increased to ¥1.52, reflecting an 11.76% growth year-on-year[5] - The company’s total revenue for the year-to-date reached ¥10,603,222,514.38, a 23.41% increase compared to the same period last year[9] - Operating profit for the period was ¥1,384,223,317.41, reflecting a growth of 16.8% from ¥1,185,077,921.94 in the previous period[21] - The company reported a net profit of ¥1,389,421,110.21, compared to ¥1,175,269,068.84 in the same period last year, indicating a year-over-year increase of 18.2%[21] - The net profit for the current period is approximately ¥1.18 billion, an increase of 16.0% compared to ¥1.01 billion in the previous period[22] - Basic earnings per share increased to ¥4.34 from ¥3.76, reflecting a growth of 15.4%[22] - The company reported a total comprehensive income of approximately ¥1.30 billion, compared to ¥1.01 billion in the previous period, indicating a growth of 28.8%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥21,483,757,923.99, a 12.77% increase from the end of the previous year[5] - Total assets reached ¥21,483,757,923.99, a significant increase from ¥19,050,522,318.15, reflecting a growth of 12.8%[19] - Total liabilities increased to ¥8,749,386,291.66 from ¥7,365,953,256.83, which is a rise of 18.7%[20] - The company's equity attributable to shareholders rose to ¥12,697,956,304.09, compared to ¥11,641,302,848.28, indicating an increase of 9.1%[20] Cash Flow - Operating cash flow net amount was ¥1,928,648,069.47, showing a 7.89% increase, primarily driven by increased sales collections[10] - Cash flow from operating activities generated a net amount of approximately ¥1.93 billion, up 7.9% from ¥1.79 billion in the previous period[25] - The company’s cash outflow for operating activities was approximately ¥8.44 billion, up from ¥6.75 billion in the previous period, reflecting a rise of 25.0%[25] - The company’s financing activities resulted in a net cash outflow of approximately -¥429.81 million, an improvement from -¥845.18 million in the previous period[26] - Cash and cash equivalents increased to ¥2,437,856,486.38 from ¥2,102,446,526.30, representing a growth of 15.9%[18] - Cash and cash equivalents at the end of the period totaled approximately ¥1.51 billion, an increase from ¥1.29 billion at the end of the previous period[26] Research and Development - The company reported a 29.90% increase in R&D expenses, totaling ¥586,842,178.94, due to investments in new products and projects[9] - Research and development expenses increased to ¥586,842,178.94, up from ¥451,767,618.20, reflecting a growth of 29.8% year-over-year[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,399[12] - The largest shareholder, Li Jicheng, holds 28.20% of shares, totaling 77,198,985 shares[12] - The top 10 shareholders hold a significant portion of shares, with the top three accounting for over 40%[12] Investments and Projects - The company approved an investment of up to €50 million for the construction of a precision component project in Hungary[14] - The company plans to invest up to RMB 210 million in a new lithium battery precision component project in Thailand[15] - The company has adjusted the location of its U.S. project from Indiana to Wisconsin to optimize its North American production layout[15] - As of the end of Q3 2025, the total remaining convertible bond amount is RMB 1,534,186,800[17] - The company has completed a total of 1,152 shares in convertible bond conversions by the end of Q3 2025[17] - The company is focusing on expanding its local production capabilities to meet customer demands[14] - The company is actively pursuing strategic investments to enhance its market presence in Southeast Asia[15] Operating Costs - The company’s operating costs rose by 23.45% to ¥8,147,115,240.56, in line with the increase in revenue[9] - Total operating costs amounted to ¥9,216,296,848.32, up 23.3% from ¥7,475,251,208.38 in the prior period[21]

Economic News - The 28th ASEAN Plus China, Japan, and South Korea Leaders' Meeting emphasized the importance of open cooperation and strategic alignment to enhance economic potential through environmental improvement, deepening industrial chain collaboration, and fostering new growth drivers [1] - Canadian Prime Minister Carney announced plans for significant domestic investment and trade diversification, aiming to double exports to non-U.S. markets over the next decade, exceeding CAD 300 billion [1] - From January to September, profits of large-scale industrial enterprises in China increased by 3.2% year-on-year, marking the highest growth rate since August of the previous year [1] - The China Logistics and Purchasing Federation reported that the total demand for food cold chain logistics in the third quarter reached 117 million tons, a year-on-year increase of 4.72% [1] - The International Monetary Fund (IMF) predicts that the U.S. government's debt burden may exceed that of Italy and Greece for the first time this century, with total debt projected to rise over 20% to 143.4% of GDP by the end of the decade [1] Company Insights - Rio Tinto Group and State Power Investment Corporation launched a pilot project for pure electric battery swap mining trucks at the Oyu Tolgoi copper mine in Mongolia, marking the first use of this technology in an open-pit mine [4] - Yongmaotai reported third-quarter revenue of CNY 1.655 billion, a year-on-year increase of 59.65%, with net profit soaring by 6319.92% to CNY 30.41 million [4] - Delin Hai's third-quarter revenue reached CNY 185 million, up 94.96% year-on-year, while net profit surged by 1322.74% to CNY 48.73 million [4] - Knight Dairy's third-quarter revenue was CNY 246 million, down 6.78%, but net profit increased by 189.26% to CNY 22.73 million [4] - Porsche, a subsidiary of Volkswagen Group, reported a third-quarter loss of EUR 966 million (approximately CNY 8 billion), leading to a 99% year-on-year decline in sales profit for the first three quarters [4] Industry Analysis - The 20th Central Committee of the Communist Party of China emphasized the importance of high-quality development and technological self-reliance as core foundations for future growth, aiming to transition from a follower to a leader in the global industrial chain [6][7] - The meeting highlighted the need to build a modern industrial system and strengthen the real economy, with a focus on becoming a manufacturing, quality, aerospace, transportation, and internet power [6] - The report suggests that the technology sector, particularly those related to self-reliance, will be a key area for investment, with a positive outlook for companies in this space [7] - The food and beverage sector is experiencing a shift towards lower-alcohol products to attract younger consumers, as evidenced by the introduction of new low-alcohol products at recent trade fairs [10][11] - The logistics industry is seeing a recovery in single-ticket revenue, with major players like Shentong and Yunda reporting significant increases in revenue per ticket [22][23] Investment Recommendations - The report recommends focusing on technology sectors, particularly those with strong performance indicators, as the market shifts back to fundamentals with the release of quarterly reports [7] - In the food and beverage sector, attention is drawn to leading companies like Guizhou Moutai, which are showing signs of recovery despite short-term price fluctuations [11] - For the chemical industry, investment opportunities are identified in sectors benefiting from improved supply-demand dynamics and those driven by capital expenditure and R&D [27]