证券代码：002985 证券简称：北摩高科 公告编号：2025-039 北京北摩高科摩擦材料股份有限公司 关于高级管理人员减持计划实施完成的公告 公司高级管理人员杨昌坤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。 北京北摩高科摩擦材料股份有限公司（下称"公司"）于 2025 年 9 月 25 日 在公司指定披露信息的媒体《中国证券报》、《证券时报》、《上海证券报》、《证券 日报》以及巨潮资讯网（www.cninfo.com.cn）披露了《关于 5%以上股东、高级 管理人员减持股份预披露公告》（公告编号：2025-034），对公司高级管理人员杨 昌坤先生的股份减持计划进行了预披露。 近日，公司收到副总经理杨昌坤先生出具的《关于股份减持计划实施完成的 告知函》，截至本公告披露之日，杨昌坤先生减持计划已实施完成。根据《证券 法》、《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、高级管 理人员减持股份》、《深圳证券交易所股票上市规则》、《上市公司自律监管指引第 1 号——主板上市公司规范运作》等有 ...

证券代码：002985 证券简称：北摩高科 公告编号：2025-040 赛尼航空董事王飞女士（系公司实控人近亲属）为赛尼锐驰的普通合伙人及 执行事务合伙人，持有赛尼锐驰 99%出资份额；李荣立先生为赛尼锐驰的有限合 伙人，持有赛尼锐驰 1%出资份额，其原为公司高级管理人员，目前辞任公司高 级管理人员职务未满十二个月。根据《深圳证券交易所股票上市规则（2025 年 修订）》《深圳证券交易所上市公司自律监管指引第 7 号——交易与关联交易 （2025 年修订）》的规定，王飞女士、李荣立先生为公司的关联方，本次共同投 资事项构成关联交易。 根据《公司章程》及相关法律法规的规定，该次关联交易无需提交公司股东 会审议，亦不构成《上市公司重大资产重组管理办法》所规定的重大资产重组。 二、关联交易进展情况 赛尼航空已于近日完成上述增资的工商登记注册手续并取得了《营业执照》。 工商登记基本信息如下： 公司名称：赛尼航空设备(河北)有限公司 公司类型：其他有限责任公司 法定代表人：王飞 北京北摩高科摩擦材料股份有限公司 关于公司与关联方共同投资及放弃优先认购权 暨关联交易完成的公告 本公司及董事会全体成员保证信息披露的内容真实 ...

北摩高科公告，公司与关联方北京赛尼锐驰技术咨询中心（有限合伙）共同投资赛尼航空设备(河北)有 限公司，并放弃对赛尼航空本次新增注册资本的优先认购权。赛尼航空已于近日完成增资的工商登记注 册手续并取得了《营业执照》，注册资本为壹仟万元整。 ...

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry, indicating a turning point in profitability and growth potential [6][4]. Core Insights - The military industry is expected to enter a new growth cycle driven by the initiation of the "14th Five-Year Plan" equipment construction, military trade, and commercial aerospace advancements [2][3]. - The overall revenue for the military sector increased by 3.07% year-on-year in the first three quarters of 2025, while net profit attributable to shareholders decreased by 9.89%, showing a narrowing decline compared to the previous year [6][11]. - Key segments such as components, sub-systems, and assembly levels have shown signs of recovery, with revenue growth turning positive for the first time since 2021 [18][25]. Summary by Sections 1. Performance Analysis - In Q3 2025, revenue growth rates for components, sub-systems, and assembly levels were 8.30%, 3.37%, and 1.16% respectively, marking a positive shift from negative growth in 2024 [18][19]. - The net profit for the components level increased by 6.94% year-on-year, while sub-systems and assembly levels saw declines of 28.98% and 19.48% respectively [18][23]. 2. Cash Flow Improvement - The cash flow from operations for sub-systems and assembly levels improved, while components faced temporary pressure [40][42]. - The sales collection ratio for assembly levels rose significantly by 23.23 percentage points to 92.50% in Q3 2025, indicating better cash flow management [40][41]. 3. Prepayments and Inventory - Prepayments (including contract liabilities) across all levels showed an upward trend, with assembly levels increasing by 21.85% to 63.345 billion yuan [48][49]. - Inventory levels for components, sub-systems, and assembly increased by 12.57%, 8.81%, and 19.82% respectively, suggesting a positive outlook for future performance [53][54]. 4. Segment Performance - The weaponry segment led revenue growth with a remarkable 27.52% increase, while the aerospace segment grew by 6.17% and the information technology segment by 5.37% [35][36]. - The information technology segment achieved a net profit growth rate of 136.38%, indicating strong performance and future growth potential [36][39].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with total revenue reaching 650 million yuan, a year-on-year increase of 34.60%, and net profit attributable to shareholders of 128 million yuan, up 53.20% year-on-year [1][7] - The improvement in profitability is attributed to the recovery of military product delivery schedules and the concentration of high-value brake component orders, alongside a low base from the previous year [7] - The company's gross profit margin was 48.85%, showing a year-on-year decline of 15.10 percentage points, but it has stabilized on a quarter-on-quarter basis [7] - The company has a healthy expense structure, with total sales, management, and R&D expenses accounting for 21.85% of revenue, a decrease of 2.30 percentage points year-on-year [7] Financial Performance Summary - For 2023, the total revenue is projected at 954.02 million yuan, with a year-on-year decrease of 4.39%, while the net profit is expected to be 217.43 million yuan, down 30.95% year-on-year [1] - The company anticipates a significant recovery in net profit for 2025, with projections of 210.10 million yuan, reflecting a year-on-year increase of 1,200.61% [1] - The earnings per share (EPS) for 2025 is estimated at 0.63 yuan, with a price-to-earnings (P/E) ratio of 47.95 [1] Cash Flow and Asset Management - The company reported a net cash flow from operating activities of 219 million yuan for the first three quarters of 2025, a significant improvement from a negative cash flow of 56 million yuan in the same period last year [7] - The asset-liability ratio stood at 29.63% at the end of the third quarter of 2025, a decrease of 6 percentage points from the beginning of the year, indicating a low leverage level within the military industry [7] - Accounts receivable decreased by 23.09% year-on-year, reflecting improved collection efforts [7] Future Outlook - The company is expected to continue its growth trajectory, with net profits projected to reach 2.10 billion yuan in 2025, 2.48 billion yuan in 2026, and 2.92 billion yuan in 2027, corresponding to P/E ratios of 48, 41, and 34 respectively [7]

Core Viewpoint - The company has disclosed its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided, and has reported a credit impairment loss of approximately 27.75 million yuan, which will impact the net profit for the period [10][20][21]. Financial Data Summary - The third-quarter financial report has not been audited [7]. - The company has confirmed that there are no adjustments or restatements required for previous accounting data [3]. - The total amount of credit impairment loss recognized for the period is 27,751,259.86 yuan, which will reduce the net profit for the first nine months of 2025 by the same amount [17][20]. Shareholder Information - The company has provided details regarding the total number of shareholders and the status of major shareholders, confirming no changes in the lending of shares for the top shareholders [5]. Board Meeting Summary - The fourth board meeting was held on October 24, 2025, where the third-quarter report was approved unanimously by all attending board members [9][12]. - The board also approved the proposal for recognizing credit impairment losses, which was reviewed and deemed reasonable by the audit committee [13][21].

Core Insights - The company reported a revenue of 650 million yuan for the first three quarters of 2025, representing a year-on-year growth of 34.60% [1] - The net profit attributable to shareholders reached 128 million yuan, showing a year-on-year increase of 53.20% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 126 million yuan, reflecting a year-on-year growth of 71.08% [1]

Core Insights - The company reported a revenue of 191 million yuan for Q3 2025, representing a year-on-year growth of 37.60% [1] - The net profit attributable to shareholders reached 46.566 million yuan, showing a significant increase of 180.42% year-on-year [1] - The basic earnings per share (EPS) stood at 0.14 yuan [1]

Group 1 - The core point of the article is that Beimo High-Tech (SZ 002985) held its fourth board meeting on October 24, 2025, to review the agenda including the third quarter report for 2025 [1] - For the first half of 2025, Beimo High-Tech's revenue composition was 68.51% from aviation-related equipment manufacturing and 31.49% from testing services [1] - As of the report, Beimo High-Tech has a market capitalization of 10 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the strong financial performance of Beimo High-Tech in Q3 2023, with significant year-on-year growth in revenue and net profit [1] - Beimo High-Tech reported revenue of approximately 650 million yuan for the first three quarters of 2023, representing a year-on-year increase of 34.6% [1] - The net profit attributable to shareholders of the listed company was approximately 128 million yuan, showing a year-on-year increase of 53.2% [1] - The basic earnings per share reached 0.38 yuan, which is a 52% increase compared to the previous year [1] Group 2 - As of the report, Beimo High-Tech has a market capitalization of 10 billion yuan [2]