Financial Performance - The company's operating revenue for Q3 2025 was ¥484,672,349.35, representing a 1.80% increase year-over-year[5]. - Net profit attributable to shareholders for the same period was ¥43,678,003.10, up 14.65% compared to the previous year[5]. - The basic earnings per share increased by 12.77% to ¥0.53, while diluted earnings per share also stood at ¥0.53[5]. - Total operating revenue for the current period reached ¥1,389,811,173.90, an increase of 5.2% compared to ¥1,320,603,673.61 in the previous period[17]. - Net profit for the current period was ¥132,896,172.39, representing a significant increase of 35.8% from ¥97,776,935.20 in the previous period[18]. - Basic and diluted earnings per share increased to ¥1.62, up from ¥1.20, indicating a growth of 35%[19]. - The company reported a total comprehensive income of ¥136,820,052.09, up from ¥98,538,090.69, an increase of 38.8%[19]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,479,091,671.77, reflecting a 4.08% increase from the end of the previous year[5]. - The company's net assets attributable to shareholders increased by 7.63% to ¥1,353,831,026.57[5]. - The company's current assets decreased to CNY 1,082,715,713.06 from CNY 1,197,159,039.05, indicating a reduction of approximately 9.5%[14]. - Non-current assets increased to CNY 1,396,375,958.71 from CNY 1,184,819,917.55, reflecting a growth of about 17.8%[15]. - The total liabilities increased to CNY 1,577,415,788.44 from CNY 1,011,386,943.00, representing a significant increase of approximately 56%[15]. - Total liabilities decreased slightly to ¥1,105,029,038.34 from ¥1,124,092,982.12, a reduction of approximately 1.7%[16]. - Total equity attributable to shareholders rose to ¥1,353,831,026.57, compared to ¥1,257,885,974.48, reflecting an increase of 7.6%[16]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥183,688,695.56, showing a significant increase of 93.36%[5]. - The net cash flow from operating activities improved to ¥183,688,695.56, compared to ¥94,996,836.66 in the prior period, marking an increase of 93.4%[20]. - Cash received from sales of goods and services was ¥1,156,431,511.27, an increase from ¥1,126,801,382.76, showing a growth of 2.6%[20]. - Net cash flow from investing activities was -$187.55 million, compared to -$136.03 million in the previous period, indicating an increase in cash outflow for investments[21]. - Cash inflow from financing activities totaled $30 million, up from $20 million in the previous period, reflecting increased borrowing[21]. - Cash outflow for debt repayment was $76.38 million, significantly higher than $32.69 million in the previous period, indicating a focus on reducing debt[21]. - The net cash flow from financing activities was -$99.01 million, compared to -$65.90 million in the previous period, showing a larger cash outflow[21]. - The ending cash and cash equivalents balance was $262.27 million, down from $238.77 million in the previous period[21]. - The company’s cash and cash equivalents decreased by $99.41 million during the period, compared to a decrease of $105.75 million in the previous period[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,322[9]. - The company plans to issue up to 24,525,000 A-shares to raise no more than CNY 81,800,000, indicating a strategic move for capital expansion[12]. - The company is actively monitoring the approval process for the issuance of A-shares, which is subject to regulatory review, indicating a cautious approach to capital raising[13]. Other Information - The company experienced a 425.75% increase in other receivables, primarily due to land payments receivable from a subsidiary[7]. - The company’s goodwill increased by 31.10% to ¥74,574,903.37, attributed to acquisitions made during the period[7]. - Other comprehensive income after tax for the current period was ¥3,923,879.70, significantly higher than ¥761,155.49 in the previous period[19]. - The company reported a total cash inflow from investing activities of $70.80 million, while cash outflow was $258.35 million, leading to a net cash outflow of $187.55 million[21]. - The impact of exchange rate changes on cash and cash equivalents was an increase of $3.46 million, compared to an increase of $1.18 million in the previous period[21]. - The company reported a financial report for the third quarter that was not audited, indicating potential limitations in the reliability of the reported figures[22]. - The company will implement new accounting standards starting in 2025, which may affect future financial reporting[22].

Core Viewpoint - Zhenghe Industrial announced that its stock price experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% over three consecutive trading days [1] Summary by Sections Stock Price Movement - The stock price of Zhenghe Industrial showed a cumulative increase of over 20% during the trading days of October 24, 27, and 28, 2025, indicating significant volatility [1] Company Disclosure - The company confirmed that there are no corrections or supplements needed for previously disclosed information and has not identified any recent media reports that could have significantly impacted its stock price [1]

证券代码：003033 证券简称：征和工业 公告编号：2025-058 青岛征和工业股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 青岛征和工业股份有限公司（以下简称"公司"或"本公司"，股票简称： 征和工业，股票代码：003033）股票交易价格连续三个交易日内（即2025年10 月24日、2025年10月27日、2025年10月28日）收盘价格涨幅偏离值累计超过20%， 根据《深圳证券交易所交易规则》的相关规定，属于股票交易异常波动情形。 二、公司关注并核实情况的说明 3.公司近期经营情况正常，内外部经营环境未发生重大变化。 4.股票异常波动期间，公司控股股东、实际控制人不存在买卖公司股票的行 为。 5.公司、控股股东和实际控制人不存在关于公司的应披露而未披露的重大 事项，或处于筹划阶段的重大事项。 1 三、是否存在应披露而未披露信息的说明 公司董事会确认：公司目前没有任何根据《深圳证券交易所股票上市规则》 等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协 议等；董事会 ...

Market Overview - On October 28, the motorcycle and other sectors rose by 0.12%, led by Zhenghe Industrial. The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1]. Stock Performance - Zhenghe Industrial (003033) closed at 86.53, up 10.01% with a trading volume of 51,900 shares and a transaction value of 432 million yuan [1]. - Shanghai Phoenix (600679) closed at 13.53, up 3.28% with a trading volume of 202,500 shares and a transaction value of 275 million yuan [1]. - TaoTao Vehicle (301345) closed at 252.20, up 2.40% with a trading volume of 18,100 shares and a transaction value of 454 million yuan [1]. - Qianli Technology (601777) closed at 11.41, up 1.78% with a trading volume of 421,100 shares and a transaction value of 480 million yuan [1]. - Other notable performances include Xinlong Health (002105) up 1.58% and Chunfeng Power (603129) up 0.52% [1]. Capital Flow - The motorcycle and other sectors experienced a net outflow of 151 million yuan from main funds, while retail funds saw a net inflow of 62.61 million yuan [2]. - The main funds showed a net outflow in several stocks, including Zhenghe Industrial and Qianli Technology, while retail investors contributed positively to stocks like Green通科技 [3]. Detailed Stock Capital Flow - Zhenghe Industrial had a main fund net outflow of 33.16 million yuan, with retail inflow of 21.91 million yuan [3]. - Qianli Technology saw a main fund net inflow of 13.31 million yuan, but retail investors had a net outflow of 15.13 million yuan [3]. - Chunfeng Power had a main fund net inflow of 9.84 million yuan, while retail investors had a slight outflow [3].

Market Overview - As of October 27, the Shanghai Composite Index closed at 3996.94 points, with an increase of 1.18% [1] - The Shenzhen Component Index closed at 13489.40 points, up by 1.51% [1] - The ChiNext Index closed at 3234.45 points, rising by 1.98% [1] Trading Activity - A total of 2530 stocks saw an increase in average transaction volume, with 78 stocks experiencing a growth of over 50% [1] - 2034 stocks reported a decrease in average transaction volume [1] - Notable stocks with significant increases in transaction volume include Xinri Co., Haomai Technology, and Changbao Co. [1] Individual Stock Performance - Xinri Co. reported a daily increase of 10.02% with an average transaction volume of 1456 shares, showing a 253.73% increase [1] - Haomai Technology increased by 10.01% with an average transaction volume of 784 shares, reflecting a 206.77% increase [1] - Changbao Co. rose by 9.95% with an average transaction volume of 2716 shares, marking a 197.17% increase [1] - Tianyi Medical saw a significant increase of 20.00% with an average transaction volume of 575 shares, up by 153.85% [1] Active Stocks by Transaction Count - Geer Software had a notable increase in transaction count, rising by 3312.09% with 106,389 transactions [2] - Huajian Group experienced a decrease of 9.99% but had a transaction count increase of 1338.50% with 220,091 transactions [2] - Shanghai Port Bay reported a 1.59% increase with 41,109 transactions, reflecting a 723.50% increase [2] Summary of Notable Stocks - Tianyi Medical, Wanlang Magnetic Plastic, and Jialan Technology all reported significant increases in both transaction volume and count, indicating heightened trading activity [1][2] - Stocks like Xinyuan Co. and Juzhu Co. also showed substantial increases in transaction metrics, suggesting potential investment interest [1][2]

Summary of Key Points Core Viewpoint - The article provides a comprehensive overview of the agricultural machinery industry in China, highlighting key listed companies, their revenue performance, business layouts, and future planning strategies. Group 1: Overview of Listed Companies - The agricultural machinery industry in China includes upstream companies like QuanChai Power and Zhenghe Industrial, midstream companies such as Jifeng Technology and Xinguang Agricultural Machinery, and downstream companies like Dongfang Group and Beidahuang [1][2]. Group 2: Company Revenue and Performance - In 2024, major companies in the agricultural machinery sector include: - Zhonglian Heavy Industry: Revenue of 454.78 billion - Yituo Co., Ltd.: Revenue of 118.56 billion - Jifeng Technology: Revenue of 27.09 billion - Other companies have varying revenues, with the lowest being Xinguang Agricultural Machinery at 2.69 billion [4][16]. Group 3: Business Layout and Focus Areas - Companies like Yituo Co., Ltd. and Jifeng Technology have over 90% of their business focused on agricultural machinery, with a significant emphasis on tractors and harvesters [14]. - Zhonglian Heavy Industry focuses on high-end agricultural machinery, while other companies like Xinguang Agricultural Machinery specialize in specific products like combine harvesters [15]. Group 4: Employee and Patent Information - Zhonglian Heavy Industry employs over 30,000 people, with 10,724 being technical staff, and holds the most patents in the industry at 4,399 [8][9]. - Other companies have varying employee counts and patent holdings, indicating a diverse range of capabilities within the sector [10]. Group 5: Future Business Planning - Companies are focusing on new product development, expanding overseas markets, and enhancing technology. For instance, Yituo Co., Ltd. aims to improve product quality and develop export-oriented products, while Jifeng Technology plans to leverage its network for promoting high-end agricultural machinery [17]

Market Overview - On October 27, the motorcycle and other sectors rose by 0.32% compared to the previous trading day, with Xinri Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Key Performers - Xinri Co., Ltd. (603787) closed at 13.95, with a significant increase of 10.02% and a trading volume of 112,700 shares, amounting to a transaction value of 156 million yuan [1] - Zhenghe Industrial (003033) also saw a rise of 10.00%, closing at 78.66 with a trading volume of 12,400 shares [1] - Jiuyi Co., Ltd. (300994) increased by 7.58%, closing at 19.58 with a trading volume of 129,900 shares [1] Decliners - Qianjiang Motorcycle (000913) experienced a decline of 3.52%, closing at 16.18 with a trading volume of 134,700 shares and a transaction value of 219 million yuan [2] - Ninebot Company (689009) fell by 3.39%, closing at 63.25 with a trading volume of 330,200 shares [2] - Aima Technology (603529) decreased by 1.90%, closing at 32.55 with a trading volume of 138,000 shares [2] Capital Flow - The motorcycle and other sectors saw a net outflow of 167 million yuan from main funds, while retail funds had a net inflow of 79.27 million yuan [2] - The main funds' net inflow and outflow for key stocks showed varied trends, with Xinri Co., Ltd. experiencing a net outflow of 50.56 million yuan from main funds [3] - Zhenghe Industrial had a net inflow of 26.49 million yuan from main funds, indicating strong interest [3]

Market Overview - On October 24, the motorcycle and other sectors rose by 1.86%, with Zhenghe Industrial leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Zhenghe Industrial (003033) closed at 71.51, up 3.65% with a trading volume of 26,200 shares and a turnover of 186 million [1] - Ninebot (60006899) closed at 65.47, up 3.61% with a trading volume of 156,800 shares and a turnover of 1.013 billion [1] - Jiangxi General (603766) closed at 13.46, up 2.36% with a trading volume of 206,500 shares and a turnover of 27.7 million [1] - Taotao Industry (301345) closed at 237.80, up 2.27% with a trading volume of 15,700 shares and a turnover of 36.9 million [1] - Other notable stocks include Yong'anxing (603776) at 19.47, up 2.15%, and Aima Technology (603529) at 33.18, up 1.84% [1] Capital Flow - The motorcycle and other sectors saw a net inflow of 92.5351 million in main funds, while retail funds experienced a net outflow of 44.7828 million [2] - The main funds' net inflow and outflow for key stocks include: - Ninebot: 14.44% net inflow from main funds, with a net outflow of 29.7736 million from retail funds [3] - Aima Technology: 8.85% net inflow from main funds, with a net outflow of 2.82074 million from retail funds [3] - Zhenghe Industrial: 10.47% net inflow from main funds, with a net outflow of 1.62597 million from retail funds [3]

Market Overview - The motorcycle and other sectors increased by 0.69% compared to the previous trading day, with Xinlong Health 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 - Key stocks in the motorcycle sector showed the following performance: - Xinlong Health (002105) closed at 6.93, up 2.97% with a trading volume of 81,000 shares and a turnover of 55.44 million yuan [1] - Linhai Co., Ltd. (600099) closed at 10.93, up 2.82% with a trading volume of 36,400 shares and a turnover of 39.37 million yuan [1] - Taotao Industry (301345) closed at 240.50, up 2.57% with a trading volume of 17,000 shares and a turnover of 410 million yuan [1] - Other notable stocks include Huayang Racing (920058) and Jiuyi Company (6006899), which also experienced gains [1] Capital Flow - The motorcycle and other sectors saw a net inflow of 8.76 million yuan from main funds, while retail investors contributed a net inflow of 35.90 million yuan [2] - The main funds experienced a net outflow of 44.65 million yuan from speculative funds [2] Individual Stock Capital Flow - Notable capital flows for specific stocks include: - Jiuyi Company (689009) had a net inflow of 39.18 million yuan from main funds, while speculative funds saw a net outflow of 28.45 million yuan [3] - Longxin General (603766) had a net inflow of 13.46 million yuan from main funds, with speculative funds showing a net inflow of 20.83 million yuan [3] - Taotao Industry (301345) had a net inflow of 11.56 million yuan from main funds, while retail investors experienced a net outflow [3]

Core Viewpoint - Zhenghe Industrial experienced a decline of 5.04% in stock price, currently trading at 70.03 CNY per share, with a total market capitalization of 5.725 billion CNY [1] Company Overview - Zhenghe Industrial, established on October 9, 1999, and listed on January 11, 2021, is located in Pingdu City, Qingdao, Shandong Province. The company specializes in the research, development, manufacturing, and sales of various chain transmission systems [1] - The revenue composition of Zhenghe Industrial includes: vehicle chain systems (58.07%), agricultural machinery chain systems (17.46%), industrial equipment chain systems (16.81%), scrap materials (5.04%), and other products (2.62%) [1] Fund Holdings - According to data from the top ten holdings of funds, Everbright Pramerica Fund has a significant position in Zhenghe Industrial. The Everbright Pramerica Specialized and Innovative Mixed A Fund (016477) held 32,600 shares in the second quarter, accounting for 2.97% of the fund's net value, ranking as the ninth largest holding [2] - The Everbright Pramerica Specialized and Innovative Mixed A Fund was established on January 16, 2023, with a latest scale of 27.5249 million CNY. Year-to-date returns are 39.69%, ranking 1281 out of 8234 in its category; one-year returns are 55.77%, ranking 672 out of 8095; and since inception returns are 16.47% [2] Fund Manager Information - The fund manager of Everbright Pramerica Specialized and Innovative Mixed A Fund is Cui Shutian, who has been in the position for 5 years and 113 days. The total asset size of the fund is 1.455 billion CNY, with the best return during the tenure being 47.41% and the worst return being -25.54% [3]