Core Viewpoint - The company is strategically investing in the semiconductor industry while maintaining its core business in the decoration and renovation sector, aiming for long-term sustainable development through collaborative growth with its invested companies [1] Group 1 - The company has been operating its decoration and renovation business steadily in recent years [1] - The company is expanding its investment into the semiconductor industry to create new growth points for long-term development [1] - The company emphasizes maintaining strategic focus and supporting the operational development of its invested companies to protect the interests of the company and all shareholders [1]

Core Insights - The company reported a total revenue of 212 million yuan and a net profit attributable to shareholders of -62.05 million yuan, which is an increase of 46.81 million yuan compared to the same period last year [3] - The latest asset-liability ratio is 33.35%, ranking second among disclosed peers, and has decreased by 6.26 percentage points year-on-year [2] - The latest gross profit margin is 7.00%, which is an increase of 1.65 percentage points from the previous quarter and an increase of 0.24 percentage points from the same period last year [2] Financial Metrics - The latest return on equity (ROE) is -4.04%, which is an increase of 2.92 percentage points compared to the same period last year [2] - The diluted earnings per share are -0.31 yuan, an increase of 0.30 yuan compared to the same reporting period last year [2] - The latest total asset turnover ratio is 0.09 times, and the inventory turnover ratio is 32.57 times, ranking fifth among disclosed peers [2] Shareholder Information - The number of shareholders is 12,300, with the top ten shareholders holding 114 million shares, accounting for 56.42% of the total share capital [2] - The largest shareholder is Suqian Zhongtian Rongjian Enterprise Management Co., Ltd., holding 26.1% of the shares [2]

Core Viewpoint - Zhongtian Jingzhuang (002989.SZ) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 212 million yuan, representing a year-on-year decrease of 22.02% [1] - The net profit attributable to shareholders of the listed company was -62.0467 million yuan, indicating a loss [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -80.4774 million yuan [1] - The basic earnings per share stood at -0.31 yuan [1]

| 证券代码：002989 | 证券简称：中天精装 | 公告编号：2025-081 | | --- | --- | --- | | 债券代码：127055 | 债券简称：精装转债 | | 深圳中天精装股份有限公司 第四届监事会第十七次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 深圳中天精装股份有限公司（以下简称"公司"）第四届监事会第十七次会 议于 2025 年 10 月 29 日在公司会议室以现场会议和通讯表决相结合的方式召开。 本次会议通知于 2025 年 10 月 27 日以电子邮件、通讯方式送达全体监事。本次 会议由监事会主席王培录先生主持，应出席监事 3 名，实际出席监事 3 名，其中 监事王培录先生、潘宇欣女士以远程通讯的方式出席本次会议。本次会议的召集、 召开符合国家有关法律法规、规范性文件及《公司章程》的规定。 二、监事会会议审议情况 本次会议审议通过了以下议案，并形成如下决议： 1、审议通过《关于全资子公司购买股权事项的议案》。 公司间接参股的芯玑（东阳）半导体有限公司（以下简称"芯玑半导体"） 聚焦 ...

| 证券代码：002989 | 证券简称：中天精装 | 公告编号：2025-080 | | --- | --- | --- | | 债券代码：127055 | 债券简称：精装转债 | | 深圳中天精装股份有限公司 第四届董事会第二十八次会议决议公告 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，没有虚假 记载、误导性陈述或者重大遗漏。 本次交易完成后，中天精艺通过东阳中经芯玑企业管理合伙企业（有限合伙） （以下简称"中经芯玑"）间接持有芯玑半导体的股权比例未发生变化；中经芯 玑、芯玑半导体不再持有鑫丰科技股权，中天精艺由原穿透计算间接持有鑫丰科 技 5.4219%的股权调整为直接持有鑫丰科技 5.4211%的股权。 一、会议召开情况 深圳中天精装股份有限公司（以下简称"公司"）第四届董事会第二十八次 会议于 2025 年 10 月 29 日在公司会议室以现场会议和通讯表决相结合的方式召 开。本次会议通知于 2025 年 10 月 27 日以电子邮件、通讯方式送达全体董事、 监事、高级管理人员。本次会议由董事长楼峻虎先生主持，应出席董事 9 名，实 际出席董事 9 名，其中董事郑波先生、伍安媛女士、 ...

Group 1 - The company Zhongtian Decoration (SZ 002989) held its 28th meeting of the fourth board on October 29, 2025, to review the proposal for the "2025 Third Quarter Report" [1] - For the first half of 2025, Zhongtian Decoration's revenue composition was as follows: 96.2% from the decoration design industry, 3.06% from wholesale (equipment procurement), and 0.74% from the service industry [1] - The current market capitalization of Zhongtian Decoration is 5.3 billion yuan [2]

Group 1 - The core viewpoint of the article highlights that Zhongtian Decoration (SZ 002989) reported a significant decline in its third-quarter performance for 2025, with revenue of approximately 212 million yuan, representing a year-on-year decrease of 22.02% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 62.05 million yuan, indicating financial struggles [1] - The basic earnings per share were reported as a loss of 0.31 yuan, further reflecting the company's challenging financial situation [1] Group 2 - As of the report, Zhongtian Decoration has a market capitalization of 5.3 billion yuan, which provides context for its financial performance relative to its market value [2]

Revenue and Profitability - The company's revenue for Q3 2025 was ¥84,088,639.33, representing a 2.94% increase year-over-year, while year-to-date revenue decreased by 22.02% to ¥212,296,195.78[5]. - The net profit attributable to shareholders for Q3 2025 was -¥37,018,418.59, a 41.51% increase in loss compared to the same period last year, with a year-to-date loss of -¥62,046,692.86, an increase of 43.00%[5]. - Revenue for the first three quarters of 2025 was $212.30 million, a decrease of 22.02% compared to $272.25 million in the same period of 2024[12]. - Total operating revenue for the current period was ¥212,296,195.78, a decrease of 22% compared to ¥272,245,510.68 in the previous period[40]. - The company reported a net loss of ¥961,643.44 compared to a profit of ¥61,085,049.42 in the previous period[38]. - The net profit for the current period is -66,853,340.44, compared to -110,427,284.57 in the previous period, showing an improvement of approximately 39.5%[41]. - Total comprehensive income for the current period is -63,978,419.45, compared to -105,587,935.03 in the previous period, indicating a significant reduction in losses[42]. Cash Flow and Financial Position - The net cash flow from operating activities for the year-to-date period was ¥274,370,003.13, showing a significant increase of 2970.09%[5]. - Cash flow from operating activities shows a net inflow of 274,370,003.13, a turnaround from a net outflow of -9,559,621.17 in the previous period[45]. - Cash flow from investing activities resulted in a net outflow of -240,099,610.72, worsening from -94,754,797.95 in the previous period[45]. - Cash flow from financing activities shows a net outflow of -80,988,112.21, compared to -54,766,780.35 in the previous period[46]. - The company's cash and cash equivalents decreased by 60.07% to ¥255,897,692.69 due to increased purchases of financial products during the reporting period[9]. - Total assets as of September 30, 2025, were ¥2,357,936,689.04, reflecting a 2.80% increase from the end of the previous year[5]. - The company's equity attributable to shareholders increased by 4.03% to ¥1,537,261,721.27 compared to the end of the previous year[5]. - Total liabilities decreased slightly to ¥786,371,735.90 from ¥791,587,755.89, a reduction of about 1%[38]. Expenses and Costs - Operating costs decreased by 22.22% to $197.43 million from $253.84 million, primarily due to the reduction in revenue[12]. - Total operating costs amounted to ¥287,153,339.18, down from ¥336,427,706.38, reflecting a reduction of approximately 15%[40]. - Management expenses increased by 30.56% to $66.51 million, attributed to higher intermediary fees and one-time severance payments[12]. - Management expenses increased to 66,510,485.90 from 50,943,849.40, representing a rise of about 30.5%[41]. - R&D expenses dropped significantly by 67.82% to $3.08 million, reflecting reduced investment in research and development[12]. - Research and development expenses decreased to 3,080,454.07 from 9,572,985.22 in the previous period, reflecting a reduction of approximately 67.8%[41]. Investments and Assets - The company's trading financial assets increased by 183.92% to ¥685,266,117.63, primarily due to increased purchases of financial products[9]. - The company's long-term equity investments rose by 92.05% to ¥387,185,181.00, reflecting increased external investments during the reporting period[11]. - The company's inventory increased by 78.80% to ¥7,775,024.96, attributed to increased raw material purchases for ongoing projects[11]. - The company reported a significant increase in other current assets by 302.75% to ¥4,235,339.96, mainly due to an increase in pending input tax credits[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,319[14]. - The largest shareholder, Suqian Zhongtian Rongjian Enterprise Management Co., Ltd., holds 26.19% of the shares, totaling 52.80 million shares[14]. Fundraising and Utilization - The company raised a total of RMB 928,082,000.00 from its initial public offering, with a net amount of RMB 781,805,774.02 after deducting fees[15]. - As of September 30, 2025, the company has utilized RMB 644,326,600.00 of the raised funds, leaving a balance of RMB 172,180,200.00[16]. - From January to September 2025, the company sold assets totaling RMB 136,269,100.00, generating a profit of RMB 1,024,900.00[17]. New Business Ventures - In Q3 2025, the company secured new orders worth RMB 57,113,600.00 in its decoration business, with residential projects accounting for RMB 56,533,600.00[19]. - The company invested RMB 200,000,000.00 to establish Dongyang Zhongjing Xinjie Enterprise Management Partnership, focusing on semiconductor investments[20]. - The company acquired a 33.6984% stake in Coreis Semiconductor Technology for RMB 40,000,000.00, with production starting on September 27, 2025[20]. - The company modified its investment in Vision Intelligent Storage, reducing the investment amount to RMB 105,000,000.00 for a 38.59% stake[21]. - The company holds a 70% stake in Chipji Semiconductor, which is involved in semiconductor packaging and testing[22]. - The company plans to transfer its 44.5756% stake in Xinfeng Technology to focus on semiconductor packaging investments[23]. Wealth Management - In the first three quarters of 2025, the total amount of entrusted wealth management reached 747.70 million CNY, with an unexpired balance of 684.70 million CNY[29]. - The company utilized 569.70 million CNY of its own funds for bank wealth management products, with an unexpired balance of 549.70 million CNY[29]. - The company invested 168.00 million CNY of raised funds in bank wealth management products, with an unexpired balance of 135.00 million CNY[29]. - The highest single-day balance for entrusted wealth management was recorded at 747.70 million CNY[30]. - The average annualized return rate for the entrusted wealth management products ranged from 2.00% to 2.65%[30]. - The company received a total of 1.97 million CNY in investment income from structured deposits in April 2025[30]. - The company has invested in multiple structured deposit products with various banks, including a significant investment of 150.00 million CNY with Ningbo Bank[30]. - The company reported a total of 73.82 million CNY in investment income from a structured deposit with Ningbo Bank during the reporting period[30]. - The company has no overdue amounts in its entrusted wealth management activities[29]. - The company continues to manage its cash effectively through diversified financial products, ensuring liquidity and returns[30].

Core Viewpoint - The company reported a revenue of 84.09 million yuan for the third quarter, reflecting a year-on-year growth of 2.94%, but incurred a net loss of 37.02 million yuan [1] - For the first three quarters, the company generated a revenue of 212 million yuan, which represents a year-on-year decline of 22.02%, with a net loss of 62.05 million yuan [1] Financial Performance - Third quarter revenue: 84.09 million yuan, up 2.94% year-on-year [1] - Third quarter net loss: 37.02 million yuan [1] - Year-to-date revenue: 212 million yuan, down 22.02% year-on-year [1] - Year-to-date net loss: 62.05 million yuan [1]

| 证券代码：002989 | 证券简称：中天精装 | 公告编号：2025-082 | | --- | --- | --- | | 债券代码：127055 | 债券简称：精装转债 | | 深圳中天精装股份有限公司 关于全资子公司购买股权暨对外投资事项进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳中天精装股份有限公司（以下简称"公司"）间接参股的芯玑（东阳） 半导体有限公司（以下简称"芯玑半导体"）拟对外转让其所持合肥鑫丰科技有 限公司（以下简称"鑫丰科技"或"目标公司"）的 44.5756%股权。鉴于此， 经公司于 2025 年 10 月 29 日召开的第四届董事会第二十八次会议决议，公司全 资子公司深圳中天精艺投资有限公司（以下简称"中天精艺"）拟受让芯玑半导 体所持鑫丰科技 5.4211%的股权（以上合称"本次交易"）。 本次交易完成后，中天精艺通过东阳中经芯玑企业管理合伙企业（有限合伙） （以下简称"中经芯玑"）间接持有芯玑半导体的股权比例未发生变化；中经芯 玑、芯玑半导体不再持有鑫丰科技股权，中天精艺由原穿透计算间接持有鑫丰科 技 5 ...