Core Insights - Xiangxin Technology Co., Ltd. reported a record high revenue of 5.667 billion yuan for the first three quarters of 2023, representing a year-on-year growth of 16.16%, while net profit attributable to shareholders decreased to 159 million yuan [1][2] Revenue Growth Drivers - The revenue growth is attributed to the synergy of three core business segments, showcasing strong market resilience [1] - In the electric vehicle sector, the company has strengthened partnerships with major automakers, including GAC Group, Geely, BYD, and XPeng, leveraging its advanced precision stamping mold technology [1] - In the power battery sector, Xiangxin has established comprehensive collaborations with top ten domestic battery manufacturers, which has supported significant business growth [1] Emerging Business Segments - In the photovoltaic and energy storage sectors, Xiangxin has begun mass production of energy storage systems in collaboration with Paneco Group, highlighting its competitive advantages in safety, longevity, and intelligence [2] - The company has formed long-term global strategic partnerships with KDHAR in Australia and SANSO Electric in Japan to develop a "photovoltaic + energy storage + computing power center" project, aiming to enhance overseas green computing power markets [2] Robotics Development - The humanoid robot business has made significant progress, transitioning from technology development to customer delivery, with the completion of two generations of dexterous hands [2][3] - The second-generation dexterous hand features a lightweight design and high precision, making it suitable for various industrial applications [2] Strategic Investments and Innovations - Xiangxin has strategically invested in Hengqu Motor to complete the critical link in the power system, forming a comprehensive technology chain [3] - The company has established a joint innovation center with the Guangdong Academy of Sciences, contributing to the development of a self-controlled humanoid robot industry ecosystem [3] AI Cooling Solutions - In September 2023, Xiangxin launched a liquid cooling solution for AI computing power, which includes CPU/GPU liquid cooling modules and self-sealing quick-connect fittings [4] - The liquid cooling module features a micro-channel design that significantly increases heat exchange area and efficiency, compatible with major AI chips [4]

Core Insights - The company reported a revenue of 5.667 billion yuan for the first three quarters of 2025, marking a year-on-year growth of 16.16%, achieving a historical high in revenue; however, net profit attributable to shareholders decreased to 159 million yuan [1] - The company's core business segments demonstrated strong market resilience, particularly in the new energy sector, with significant collaborations with leading automotive manufacturers and battery producers [2] Business Performance - The revenue growth in the third quarter was driven by the synergy of three core business segments, including precision stamping molds for the automotive industry, which strengthened partnerships with major car manufacturers such as GAC Group, Geely, BYD, and XPeng [2] - In the power battery sector, the company has established comprehensive cooperation with top ten domestic battery manufacturers, contributing to significant business growth [2] - The company achieved a milestone in the photovoltaic and energy storage sector by launching a joint energy storage system with PANECO, emphasizing safety, longevity, and intelligence [2] Strategic Partnerships - The company announced a long-term global strategic partnership with KDH AR from Australia and SANSO Electric from Japan, focusing on a demonstration project integrating photovoltaic, energy storage, and computing power [3] New Business Development - The humanoid robot business has made significant progress, completing the development of two generations of dexterous hands, which are now being industrially applied [4] - The second-generation dexterous hand features a lightweight design and high precision, meeting the demands of various industrial applications [4] - The company has also invested in key components of the power system and established a comprehensive ecosystem for humanoid robots [4] AI Cooling Solutions - The company launched a liquid cooling solution for AI computing power, which includes CPU/GPU liquid cooling modules and other innovative components [5] - The liquid cooling module features a microchannel design that significantly increases heat exchange area and efficiency, compatible with major AI chips [6]

Core Viewpoint - The company, Xiangxin Technology, emphasizes the accuracy and completeness of its quarterly financial report, ensuring no false records or misleading statements are present [2][3]. Financial Data Summary - The third-quarter financial report has not been audited [3][6]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the current reporting period [3]. Shareholder Information - The report includes details on the total number of common shareholders and the top ten shareholders' holdings [4][5]. - There are no changes in the share lending situation of major shareholders compared to the previous period [5]. Other Important Matters - The company confirms that the financial report is prepared under the supervision of its legal representative and accounting heads [3][6].

Core Viewpoint - Xiangxin Technology (002965.SZ) reported a year-on-year increase in revenue for the first three quarters, but a significant decline in net profit [1] Financial Performance - The company's operating revenue for the first three quarters reached 5.667 billion yuan, representing a year-on-year growth of 16.16% [1] - The net profit attributable to shareholders of the listed company was 159 million yuan, showing a year-on-year decrease of 41.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 146 million yuan, reflecting a year-on-year decline of 43.91% [1]

Core Insights - Xiangxin Technology's subsidiary, Changshu Xiangxin Auto Parts Co., Ltd., has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise, highlighting its innovation capabilities and industry competitiveness [1][2] - The title of national-level "small giant" enterprise is the highest honor in China's quality small and medium-sized enterprise evaluation system, with stringent selection criteria [1] - Changshu Xiangxin specializes in the research, development, manufacturing, and sales of automotive parts and molds, having established a solid foundation for this recognition through previous accolades [1][2] Company Performance - Changshu Xiangxin focuses on high-strength lightweight automotive seat components, achieving industry-leading performance metrics and strong market recognition [2] - The company has developed a proprietary dual-layer aluminum stamping technology that enhances production efficiency while maintaining high precision [2] - The use of high-strength aluminum alloys and dual-layer lightweight structures allows for a weight reduction of 30% to 50% compared to traditional steel components, improving vehicle energy efficiency and safety [2] Future Outlook - The recognition as a national-level "small giant" is seen as a significant affirmation of Changshu Xiangxin's commitment to innovation and core business focus [2] - The company plans to continue its "specialized, refined, distinctive, and innovative" development path, increasing R&D investment and striving to enhance its core competitiveness [2] - Changshu Xiangxin aims to contribute to the high-quality development of China's automotive industry [2]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥2,094,303,963.49, representing a year-on-year increase of 21.49%[4] - The net profit attributable to shareholders decreased by 50.09% to ¥46,175,650.76 for the quarter, while the year-to-date net profit was ¥158,578,766.46, down 41.09% compared to the previous year[4] - The basic earnings per share for Q3 2025 was ¥0.2276, a decline of 56.03% year-on-year[4] - Total operating revenue for the current period reached ¥5,666,651,075.92, an increase of 16.14% compared to ¥4,878,268,937.12 in the previous period[18] - Net profit for the current period was ¥162,169,963.76, a decrease of 40.36% from ¥271,481,148.21 in the previous period[19] - Basic and diluted earnings per share decreased to ¥0.7281 from ¥1.4627, reflecting a decline of 50.19%[20] - The total profit for the current period was ¥164,927,559.05, down 44.79% from ¥298,494,019.18 in the previous period[19] Assets and Liabilities - Total assets increased by 10.91% to ¥8,690,064,927.01 compared to the end of the previous year[4] - Total liabilities increased to ¥4,416,815,415.33 from ¥3,633,786,757.46, marking an increase of about 21.56%[16] - The company's total equity attributable to shareholders increased by 1.62% to ¥4,265,668,760.98 compared to the end of the previous year[4] - The company's equity attributable to shareholders rose to ¥4,265,668,760.98 from ¥4,197,639,754.14, showing an increase of approximately 1.62%[16] Cash Flow - The net cash flow from operating activities for the first nine months of 2025 was ¥74,268,024.39, a significant increase of 159.97% compared to the same period last year[9] - Cash flow from operating activities generated a net amount of ¥74,268,024.39, recovering from a negative cash flow of ¥123,848,389.20 in the previous period[23] - Cash flow from investing activities showed a net inflow of ¥131,862,707.99, compared to a net outflow of ¥246,855,360.61 in the prior period[24] - Cash and cash equivalents at the end of the period increased to ¥950,425,870.80 from ¥732,143,296.91, marking a growth of 29.87%[24] - The company's cash and cash equivalents increased to ¥1,059,509,984.12 from ¥945,281,772.80, representing a growth of approximately 12.06%[14] Accounts Receivable and Inventory - Accounts receivable rose by 26.24% to ¥2,105,823,660.78, attributed to expanded sales scale[8] - Accounts receivable rose to ¥2,105,823,660.78 from ¥1,668,162,425.36, indicating an increase of about 26.16%[14] - Inventory increased by 11.23% to ¥2,109,472,299.15, driven by an increase in orders and stockpiling[8] - The company reported a total of 2,109,472,299.15 in inventory, up from 1,896,442,634.67, indicating an increase of approximately 11.21%[14] Research and Development - Research and development expenses surged by 45.30% to ¥243,519,901.48, reflecting the company's commitment to increasing R&D investment[9] - The company reported an increase in research and development expenses to ¥243,519,901.48, up 45.24% from ¥167,599,166.29 in the prior period[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 44,939[11] - The largest shareholder, Chen Rong, holds 17.43% of shares, totaling 46,250,599 shares[11] - The number of shares held by the top ten shareholders accounts for a significant portion of the total shares, with the top two shareholders holding a combined 31.30%[12] Financial Expenses - The company reported a 384.56% increase in financial expenses, primarily due to higher interest expenses and exchange rate fluctuations[9] Long-term Investments - The company has ongoing investments in long-term equity, which increased to ¥93,087,678.40 from ¥81,907,442.48, a growth of about 13.43%[14]

Core Viewpoint - Xiangxin Technology stated on October 29 that it strictly adheres to relevant laws and regulations regarding information disclosure, confirming that there are no undisclosed matters that should have been disclosed [1] Group 1 - The company will disclose the number of shareholders as of the end of the reporting period in its regular reports [1]

Core Viewpoint - The announcement details the completion of the share reduction plan by the controlling shareholders of Xiangxin Technology Co., Ltd., confirming that the reduction was executed in accordance with previously disclosed plans and regulations [3][7]. Share Reduction Plan - The controlling shareholders, Chen Rong and Xie Xiangwa, planned to reduce their holdings by up to 7,961,411 shares, representing 3.00% of the total share capital, from July 28, 2025, to October 27, 2025 [2]. - The reduction included a maximum of 2,653,804 shares through centralized bidding (1.00% of total shares) and 5,307,607 shares through block trading (2.00% of total shares) [2]. Implementation Status - The reduction plan has been completed as of the announcement date, and the actual reduction aligns with the previously disclosed plan [3][8]. - The implementation of the share reduction plan complies with relevant laws and regulations, ensuring no violations occurred [7][8]. Shareholding Situation - The announcement includes details on the shareholding situation before and after the reduction, although specific numerical data is not provided in the summary [5][6]. Regulatory Compliance - The share reduction plan was executed in accordance with the Company Law, Securities Law, and relevant stock exchange regulations, ensuring that there was no impact on the company's control or governance structure [7][8].

祥鑫科技股份有限公司 关于公司控股股东、实际控制人减持计划期限届满暨实施情况的公告 本公司控股股东、实际控制人陈荣先生、谢祥娃女士保证向本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公告内容与信息披露义务人提供的信息一致。 祥鑫科技股份有限公司（以下简称"公司"）于 2025 年 07 月 05 日披露了《关于公 司控股股东、实际控制人减持公司股份的预披露公告》（公告编号：2025-039），公司控 股股东、实际控制人陈荣先生、谢祥娃女士计划自本公告披露之日起 15 个交易日后的 三个月内（即 2025 年 07 月 28 日起至 2025 年 10 月 27 日，但法律法规规定不得减持的 期间除外）通过集中竞价或者大宗交易方式减持公司股份不超过 7,961,411 股（占公司 目前总股本的 3.00%），其中以集中竞价方式减持公司股份的不超过 2,653,804 股（占公 司目前总股本的 1.00%）、以大宗交易方式减持公司股份的不超过 5,307,607 股（占公司 目前总股本的 2.00%）。 证券代码：002965 证券简称：祥鑫科技 公告编号 ...

Core Viewpoint - The demand for liquid cooling solutions in high-density computing servers is increasing due to the enhanced cooling requirements driven by artificial intelligence applications [2] Group 1: Company Developments - Xiangxin Technology has developed a liquid cooling solution tailored for computing scenarios, leveraging its experience in thermal management from the automotive and battery sectors [2] - The company's liquid cooling solution has achieved significant improvements in lightweight integrated design, integrated pipeline layout, temperature control precision, and system stability [2] - Xiangxin Technology offers customized efficient cooling solutions based on specific application scenarios and cooling needs of clients, although details about specific clients and business situations are confidential [2]