| 证券代码：003036 | 证券简称：泰坦股份 公告编号：2025-055 | | --- | --- | | 债券代码：127096 | 债券简称：泰坦转债 | 浙江泰坦股份有限公司 第十届董事会第十四次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、第十届董事会第十四次会议决议； 2、第六届审计委员会第十次会议决议。 特此公告。 二、董事会会议审议情况 经与会董事认真讨论，本次会议审议并通过以下议案： （一）以 9 票同意，0 票反对，0 票弃权的结果审议通过《关于公司 2025 年第三季度报告的议案》 具体内容详见同日披露于《证券时报》《中国证券报》《上海证券报》《证 券日报》和巨潮资讯网（www.cninfo.com.cn）的《2025 年三季度报告》（2025-056）。 本议案已经公司第六届审计委员会第十次会议审议通过。 三、备查文件 浙江泰坦股份有限公司（以下简称"公司"）第十届董事会第十四次会议通 知于 2025 年 10 月 21 日以专人送达和电子邮件方式发出，并于 2025 年 10 月 27 ...

Financial Performance - The company's revenue for Q3 2025 was ¥348,298,425.28, a decrease of 14.56% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥5,878,361.21, down 67.94% year-on-year[3]. - The net profit excluding non-recurring items was -¥1,420,698.45, a decline of 112.94% compared to the previous year[3]. - Total operating revenue for the current period is ¥1,030,509,196.77, a decrease of 16.2% compared to ¥1,230,630,345.46 in the previous period[16]. - Net profit for the current period is ¥46,352,710.57, a decline of 44.5% from ¥83,508,793.47 in the previous period[17]. - The total comprehensive income for the current period is ¥45,470,415.13, down from ¥86,958,543.60 in the previous period[17]. Cash Flow and Liquidity - Cash flow from operating activities was -¥106,039,380.34, representing a significant decrease of 426.83% year-to-date[3]. - The net cash flow from operating activities is -¥106,039,380.34, compared to a positive cash flow of ¥32,445,138.67 in the previous period[21]. - Cash and cash equivalents decreased from ¥852,381,819.91 to ¥707,339,253.83, a reduction of about 17.0%[12]. - Cash and cash equivalents at the end of the period amount to ¥707,339,253.83, down from ¥730,897,267.61 at the end of the previous period[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,100,951,675.42, a slight increase of 0.16% from the end of the previous year[3]. - Total current assets decreased from ¥2,380,828,322.81 to ¥2,360,101,227.99, a decline of approximately 0.9%[12]. - Total liabilities decreased from ¥1,641,678,754.49 to ¥1,626,864,894.81, a decrease of approximately 0.9%[14]. - Non-current assets increased from ¥715,101,986.18 to ¥740,850,447.43, an increase of approximately 3.6%[13]. - Total equity attributable to shareholders increased from ¥1,449,209,352.29 to ¥1,466,010,535.47, an increase of about 1.2%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,607[9]. - Basic earnings per share were ¥0.03, down 62.50% from the same period last year[3]. - Basic earnings per share for the current period is ¥0.19, a decrease from ¥0.37 in the previous period[17]. Expenses and Income - Financial expenses rose by 81.57% to ¥15,165,126.59, primarily due to decreased interest income[7]. - Other income increased by 32.29% to ¥34,453,773.72, mainly from government subsidies[7]. - Research and development expenses for the current period are ¥27,611,484.55, down from ¥31,697,542.12 in the previous period[16]. - Other income for the current period is ¥34,453,773.72, an increase from ¥26,043,318.41 in the previous period[16]. Audit Information - The company has not undergone an audit for the third quarter financial report[22].

Group 1 - The core viewpoint of the news is that Titan Co., Ltd. has experienced fluctuations in its stock price and financial performance, with a notable decline in revenue and profit in the first half of 2025 [1][2]. - As of October 23, Titan's stock price decreased by 2.05% to 16.21 CNY per share, with a market capitalization of 3.506 billion CNY [1]. - Year-to-date, Titan's stock has increased by 34.46%, but it has seen declines of 0.73% over the last five trading days, 8.16% over the last 20 days, and 14.14% over the last 60 days [1]. Group 2 - For the first half of 2025, Titan reported operating revenue of 682 million CNY, a year-on-year decrease of 17.10%, and a net profit attributable to shareholders of 36.24 million CNY, down 42.08% year-on-year [2]. - The company has a total of 12,200 shareholders as of June 30, which is an increase of 22.33% from the previous period, while the average number of circulating shares per shareholder decreased by 18.25% to 17,730 shares [2]. - Since its A-share listing, Titan has distributed a total of 183 million CNY in dividends, with 154 million CNY distributed over the past three years [3].

Core Viewpoint - Zhejiang Titan Co., Ltd. will pay the second-year interest on its convertible bonds, "Titan Convertible Bonds," on October 27, 2025, at a rate of 7.00 yuan per 10 bonds, which is equivalent to 0.70% for the second year [2][11]. Group 1: Bond Issuance Details - The total issuance amount of the convertible bonds is 295.50 million yuan, with 2.955 million bonds issued at a par value of 100 yuan each [4]. - The bonds will be listed for trading on the Shenzhen Stock Exchange starting November 15, 2023 [4]. - The bond term is six years, from October 25, 2023, to October 24, 2029 [4]. Group 2: Interest Payment Information - The interest payment date is set for October 27, 2025, with the interest record date being October 24, 2025 [12]. - The interest will be paid annually, with the first-year interest rate at 0.50%, the second year at 0.70%, the third year at 1.00%, the fourth year at 1.70%, the fifth year at 2.50%, and the sixth year at 3.00% [2][3]. - For individual investors, the actual interest received after tax will be 5.60 yuan per 10 bonds due to a 20% withholding tax [11]. Group 3: Conversion and Guarantee Information - The initial conversion price for the bonds is set at 13.81 yuan per share, which will be adjusted to 13.39 yuan per share after the 2023 annual equity distribution [9]. - The conversion period for the bonds will start on May 6, 2024, and end on October 24, 2029 [10]. - The bonds are guaranteed by the controlling shareholder, Shaoxing Titan Investment Co., Ltd., which has pledged its shares in Titan Co. as collateral [8]. Group 4: Credit Rating - The bonds have been rated "A" by Zhongzheng Pengyuan Credit Rating Co., Ltd., with a stable outlook [10].

| 证券代码：003036 | 证券简称：泰坦股份 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：127096 | 债券简称：泰坦转债 | | 浙江泰坦股份有限公司 关于可转换公司债券 2025 年付息公告 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。 特别提示： 1、"泰坦转债"将于 2025 年 10 月 27 日按面值支付第二年利息，每 10 张 "泰坦转债"（面值 1,000 元）利息为 7.00 元（含税） 2、债权登记日：2025 年 10 月 24 日 3、除息日：2025 年 10 月 27 日 4、付息日：2025 年 10 月 27 日 5、"泰坦转债"票面利率：第一年 0.50%、第二年 0.70%、第三年 1.00%、 第四年 1.70%、第五年 2.50%、第六年 3.00% 6、"泰坦转债"本次付息的债权登记日为 2025 年 10 月 24 日，凡在 2025 年 10 月 24 日（含）前买入并持有本期债券的投资者享有本次派发的利息；2025 年 10 月 24 日卖出本期债券的投资 ...

Core Viewpoint - The continuous rainy weather in the Huanghuai region is significantly impacting the autumn harvest and winter wheat planting, prompting insurance companies to implement measures to facilitate claims and support farmers [1][3]. Group 1: Impact of Weather on Agriculture - The Huanghuai region has experienced multiple rounds of continuous rainfall this year, leading to higher precipitation levels compared to previous years, which poses challenges for timely harvesting and planting [3]. - The persistent rain has resulted in noticeable yield reductions in certain areas, particularly in Henan and Puyang, where insurance companies are actively engaging in claims assessments [4]. Group 2: Insurance Companies' Response - Major insurance companies like PICC, Ping An, and Taikang are opening green channels and simplifying claims processes to expedite compensation for farmers affected by the weather [1][3]. - Insurance institutions are utilizing technology such as drones and satellite remote sensing to enhance the efficiency of loss assessments and to establish scientific loss determination rules [4][8]. Group 3: Challenges in Claims Assessment - The claims assessment process faces significant challenges due to the unique nature of continuous rain, the widespread and dispersed nature of the affected areas, and the complexity of loss evaluations [7]. - The gradual and hidden damage caused by continuous rain complicates the quantification of losses, making it difficult to distinguish between natural yield reductions and weather-related damages [7]. Group 4: Technological Integration and Data Construction - Insurance companies are encouraged to strengthen technological integration by utilizing drones and satellites for loss assessments and developing weather index insurance to reduce the need for on-site evaluations [8]. - There is a call for enhanced data construction, including the development of agricultural risk models that integrate meteorological and crop yield data to create precise agricultural risk maps and loss assessment models [8].

| 证券代码：003036 | 证券简称：泰坦股份 | 公告编号：2025-053 | | --- | --- | --- | | 债券代码：127096 | 债券简称：泰坦转债 | | 浙江泰坦股份有限公司 关于 2025 年第三季度可转换公司债券转股情况公告 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。 特别提示： 1、累计转股情况：浙江泰坦股份有限公司可转换公司债券（以下简称"泰 坦转债"）于 2024 年 5 月 6 日开始转股，截至 2025 年 9 月 30 日，累计共有 3,550,600.00 元"泰坦转债"转为公司股份，因转股形成的股份数量为 267,121 股，占"泰坦转债"转股前公司已发行股份总额的 0.124%。 2、未转股可转债情况：截至 2025 年 9 月 30 日，尚未转股的"泰坦转债" 金额为 291,949,400.00 元，占"泰坦转债"发行总额的 99.80%。 3、本季度转股情况：2025 年 7 月 1 日至 2025 年 9 月 30 日期间，"泰坦转 债"因转股减少 29,899 张（2,989,900.00 ...

New Stock Issuance - YouSheng Co., Ltd. (Securities Code: 732418) issued shares at a price of 46.36 RMB on September 12, 2025[1] - *ST Tianmao (Securities Code: 000627) has a cash option declaration period from September 15 to September 19, 2025[1] - *ST Zitian (Securities Code: 300280) enters the delisting arrangement period starting September 15, 2025[1] Trading Alerts - Hangke Technology (Securities Code: 688006) reported severe abnormal fluctuations on September 11, 2025[1] - Shanghai Electric Power (Securities Code: 600021) had a trading volume of 8,487 on September 10, 2025[1] - Tianji Co., Ltd. (Securities Code: 002759) reported a trading volume of 8,705 on September 10, 2025[1] Abnormal Fluctuations - ST Lingnan (Securities Code: 002717) reported a trading volume of 7,965 on September 10, 2025[3] - ST Huaxi (Securities Code: 002630) reported a trading volume of 9,579 on September 11, 2025[3] - ST Jianye (Securities Code: 600381) reported a trading volume of 5,420 on September 3, 2025[3]

Summary of Key Points Core Viewpoint - Titan Co., Ltd. experienced a decline of 5.64% in its stock price, with a trading volume of 2.94 billion yuan and a turnover rate of 7.51% on the day of reporting [2]. Trading Activity - The stock was listed on the Dragon and Tiger List due to a price deviation of -8.18%, with institutional investors net selling 17.92 million yuan [2]. - The top five trading departments accounted for a total transaction volume of 85.51 million yuan, with a net selling amount of 9.10 million yuan [2]. - Among the trading departments, three institutional special seats were involved, with a total buying amount of 8.32 million yuan and a selling amount of 26.23 million yuan, resulting in a net sell of 17.92 million yuan [2]. Historical Performance - Over the past six months, Titan Co., Ltd. has appeared on the Dragon and Tiger List six times, with an average price drop of 4.21% the day after being listed and an average decline of 8.25% in the following five days [2]. Capital Flow - On the reporting day, the stock saw a net inflow of 6.28 million yuan from major funds, including a net inflow of 2.85 million yuan from large orders [2]. - In the past five days, the net inflow of major funds amounted to 35.92 million yuan [2].

Market Overview - The convertible bond market showed positive performance with the Zhongzheng Convertible Bond Index rising by 1.23% to 480.25, with a total trading volume of 76.871 billion [1] - A total of 437 convertible bonds were traded, with 409 increasing in value, 1 remaining flat, and 27 declining [1] Top Performing Convertible Bonds - The top five performing convertible bonds included: - Fushi Convertible Bond (123217) with a rise of 20.0% - Jing 23 Convertible Bond (113669) also up by 20.0% - Jiazhe Convertible Bond (113039) increasing by 17.69% - Chongda Convertible Bond 2 (128131) up by 14.01% - Outong Convertible Bond (not specified) rising by 11.67% [2] Underperforming Convertible Bonds - The five convertible bonds with the largest declines were: - Kaizhong Convertible Bond (113698) down by 3.29% - Yaoshi Convertible Bond (123145) decreasing by 2.92% - Titan Convertible Bond (127096) falling by 2.69% - Huicheng Convertible Bond (not specified) down by 2.04% [2] Corresponding Stock Performance - Among the stocks corresponding to the convertible bonds, 352 stocks rose, 16 remained flat, and 69 declined [1] - The top five performing stocks included: - Si Hui Fushi (300852) with a rise of 19.99% - Jingke Technology (601778) increasing by 10.05% - Chongda Technology (002815) up by 10.01% - Luxshare Precision (not specified) rising by 10.00% - Jingwang Electronics (not specified) also up by 10.00% [4] Declining Stocks - The stocks with the largest declines included: - Titan Shares (not specified) down by 5.64% - Huahai Pharmaceutical (not specified) decreasing by 4.26% - Nenghui Technology (not specified) down by 3.88% - Shouhua Gas (not specified) falling by 2.99% - Shandong Zhanggu (not specified) down by 2.98% [5]