Core Viewpoint - The company, Suzhou Huaya Intelligent Technology Co., Ltd., has released its third-quarter financial report, which has not been audited, highlighting significant changes in financial metrics and performance indicators compared to the previous year [9]. Financial Data Summary - The company's cash balance at the end of the period increased by 125.53% compared to the beginning of the year, primarily due to the redemption of purchased financial products and net cash inflow from operating activities [5]. - The balance of trading financial assets decreased by 73.52% compared to the beginning of the year, mainly due to the maturity and redemption of purchased financial products [5]. - The balance of notes receivable increased by 43.50% compared to the beginning of the year, attributed to an increase in non-6+9 notes that have been endorsed but not yet matured [5]. - The balance of notes payable increased by 117.92% compared to the beginning of the year, primarily due to increased payments to suppliers using bank acceptance bills [5]. - The balance of accounts payable decreased by 35.38% compared to the beginning of the year, mainly due to payments made for project costs [5]. - The balance of employee compensation payable decreased by 32.16% compared to the beginning of the year, primarily due to the payment of last year's year-end bonuses [5]. - The share capital increased by 41% compared to the beginning of the year, due to the implementation of the 2024 annual equity distribution, converting capital reserves into share capital [5]. - The consolidated operating revenue from the beginning of the year to the reporting period increased by 80.06% compared to the same period last year, mainly due to the inclusion of data from the subsidiary, Guan Hong [5]. - The consolidated operating costs increased by 85.91% compared to the same period last year, also due to the inclusion of data from the subsidiary, Guan Hong [5]. - The consolidated sales expenses increased by 62.57% compared to the same period last year, attributed to data from the subsidiary and the parent company's equity incentives [5]. - The consolidated management expenses increased by 96.67% compared to the same period last year, due to data from the subsidiary and the parent company's equity incentives [5]. - The consolidated R&D expenses increased by 117.53% compared to the same period last year, primarily due to data from the subsidiary and the parent company's equity incentives [5]. - The consolidated financial expenses increased by 155.24% compared to the same period last year, mainly due to the capitalization of convertible bond interest expenses [5]. - The consolidated credit impairment losses increased by 4569.04% compared to the same period last year, attributed to data from the subsidiary [5]. - The cash received from sales of goods and services increased by 47.82% compared to the same period last year, mainly due to data from the subsidiary [5]. - The cash paid for purchases of goods and services increased by 80.30% compared to the same period last year, also due to data from the subsidiary [5]. - The net cash flow from investment activities increased by 275,257,547.45 yuan compared to the same period last year, primarily due to net cash inflow from the purchase and redemption of bank financial products and the previous acquisition of the subsidiary, Guan Hong [5]. - The net cash flow from financing activities decreased by 32,345,076.71 yuan compared to the same period last year, mainly due to increased cash received from equity incentives in the previous period [5].

Core Viewpoint - Huaya Intelligent, established in December 1998 and listed on the Shenzhen Stock Exchange in April 2021, specializes in customized processing of precision metal components for semiconductor equipment, showcasing leading technical capabilities [1] Financial Performance - For Q3 2025, Huaya Intelligent reported revenue of 773 million yuan, ranking 16th in the industry, significantly lower than the top competitor, North China Huachuang, which had 27.301 billion yuan, and the second competitor, Zhongwei, with 8.063 billion yuan [2] - The main business segments include precision metal components at 252 million yuan (58.06%), intelligent logistics equipment at 176 million yuan (40.62%), semiconductor equipment maintenance at 4.67 million yuan (1.08%), and others at 1.05 million yuan (0.24%) [2] - The net profit for the same period was 67.916 million yuan, ranking 13th in the industry, again trailing behind North China Huachuang's 4.98 billion yuan and Shengmei Shanghai's 1.266 billion yuan [2] Financial Ratios - As of Q3 2025, Huaya Intelligent's debt-to-asset ratio was 31.55%, down from 36.72% year-on-year, and below the industry average of 35.23%, indicating strong debt repayment capability [3] - The gross profit margin was 27.84%, a decline from 30.11% year-on-year, and also lower than the industry average of 38.42%, suggesting a need for improvement in profitability [3] Executive Compensation - The chairman, Wang Cainan, received a salary of 1.98 million yuan in 2024, an increase of 620,000 yuan from 2023 [4] - The general manager, Wang Jingyu, earned 816,300 yuan in 2024, up by 180,300 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.08% to 12,600, with an average holding of 6,344.02 shares, which increased by 0.08% [5] - The new subsidiary, Guan Hong Intelligent, contributed to the intelligent equipment business revenue, although profitability was under pressure due to its consolidation [5] Business Expansion - Huaya Intelligent is benefiting from the trend of domestic production and is actively expanding into new business areas, including solid-state battery equipment through its subsidiary Guan Hong Intelligent [6] - The company signed a project agreement for solid-state battery dry electrode equipment with downstream customers, indicating growth potential in this sector [6] - The establishment of Suzhou Super Vision Robot Co., Ltd. in May 2025 aims to enter the humanoid robot market [6] Earnings Forecast - EPS projections for Huaya Intelligent are estimated at 1.05, 1.28, and 1.56 yuan per share for 2025 to 2027, with a target price of 57.59 yuan per share based on a 45x PE ratio for 2026 [6]

Core Viewpoint - Huaya Intelligent (003043.SZ) reported a significant increase in revenue for the first three quarters of 2025, but experienced a decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 773 million yuan, representing a year-on-year growth of 80.06% [1] - The net profit attributable to shareholders of the listed company was 49.07 million yuan, showing a year-on-year decrease of 25.84% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 48.28 million yuan, down 23.88% year-on-year [1] - Basic earnings per share stood at 0.37 yuan [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥339,489,688.70, representing an increase of 82.01% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,431,577.10, up 48.42% year-on-year, while net profit after deducting non-recurring gains and losses was ¥22,353,496.31, an increase of 54.49%[4] - Total operating revenue for the current period reached ¥773,248,117.76, a significant increase from ¥429,435,724.97 in the previous period, representing a growth of approximately 80%[16] - Net profit for the current period was ¥67,916,644.10, slightly down from ¥69,169,035.27, reflecting a decrease of around 1.8%[17] - The company's basic earnings per share decreased to ¥0.37 from ¥0.83, a decline of approximately 55%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,890,474,965.19, a decrease of 0.48% from the end of the previous year[4] - Total assets decreased to ¥2,890,474,965.19 from ¥2,904,440,164.19, a reduction of about 0.5%[15] - Total liabilities decreased to ¥911,844,074.38 from ¥1,005,183,426.82, a decline of approximately 9.3%[15] - The company's accounts payable decreased by 35.38% year-to-date, primarily due to payments made for project costs[8] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥64,952,958.26, down 27.12% compared to the previous year[4] - Operating cash inflow for the current period reached ¥571,501,797.08, a significant increase from ¥385,343,927.96 in the previous period, representing a growth of approximately 48.3%[20] - Net cash flow from operating activities decreased to ¥64,952,958.26 from ¥89,118,726.29, reflecting a decline of about 27.0%[21] - Cash inflow from investment activities totaled ¥1,352,326,992.39, slightly down from ¥1,399,031,682.89, a decrease of approximately 3.3%[21] - The net increase in cash and cash equivalents for the current period was ¥284,041,693.88, up from ¥69,772,841.49, representing a growth of approximately 305.5%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,584[10] - The largest shareholder, Wang Cainan, holds 34.20% of shares, totaling 45,817,994 shares[10] - The number of shares held by the top ten shareholders includes significant stakes from both individual and institutional investors, indicating concentrated ownership[10] Research and Development - The company reported a significant increase in research and development expenses, which rose by 117.53% year-on-year, primarily due to data from the consolidated subsidiary[8] - Research and development expenses increased to ¥42,886,584.64 from ¥19,715,554.97, showing a growth of approximately 117%[16] Other Financial Metrics - The weighted average return on equity was 1.23%, a decrease of 0.15% year-on-year[4] - The company's cash and cash equivalents increased to ¥543,643,919.02 from ¥241,053,545.45, representing a growth of 125.5%[13] - Accounts receivable rose to ¥437,351,067.45 from ¥339,934,731.69, an increase of 28.7%[13] - Inventory decreased to ¥337,030,607.15 from ¥388,408,983.75, a decline of 13.2%[13] - The company reported a total of 79,536,111.11 in trading financial assets, down from 300,417,528.26, a decrease of 73.5%[13] - The company reported a decrease in other comprehensive income, with a net amount of ¥313,128.21 compared to ¥1,747,198.09 in the previous period, a decline of about 82%[18] - The total equity attributable to shareholders increased to ¥1,816,045,437.63 from ¥1,755,514,345.81, reflecting a growth of approximately 3.4%[15] Future Outlook - Future outlook and strategic initiatives will be discussed in subsequent reports, focusing on market expansion and new product development[12] Audit Information - The company did not undergo an audit for the third quarter financial report[22]

Core Viewpoint - The company has decided not to exercise the early redemption rights for its convertible bonds, "Hua Ya Convertible Bonds," despite triggering the conditional redemption clause due to stock prices exceeding 130% of the conversion price for fifteen trading days [3][6][16]. Group 1: Board Meeting Details - The third meeting of the board of directors was held on October 27, 2025, with all seven directors present, and the meeting complied with relevant laws and regulations [2][3]. - The board meeting was chaired by the company's chairperson, Wang Cainan, and the decision to not redeem the bonds was made after thorough discussion [2][3]. Group 2: Decision on Convertible Bonds - The board approved the proposal not to redeem the "Hua Ya Convertible Bonds" early, despite the stock price conditions being met [3][4]. - The decision includes a commitment not to exercise the redemption rights for the next three months, even if the conditions are triggered again [3][6][16]. Group 3: Convertible Bond Details - The "Hua Ya Convertible Bonds" were issued on December 16, 2022, with a total amount of 340 million yuan, and are listed on the Shenzhen Stock Exchange [7][8]. - The initial conversion price was set at 69.39 yuan per share, which has been adjusted multiple times due to dividend distributions and other factors, currently standing at 30.71 yuan per share [10][11][13]. Group 4: Redemption Clause and Trigger Conditions - The conditional redemption clause allows the company to redeem the bonds if the stock price exceeds 130% of the conversion price for at least fifteen trading days [14][16]. - The recent trigger occurred from September 29 to October 27, 2025, when the stock price met the criteria for redemption [16]. Group 5: Compliance and Verification - The decision not to redeem the bonds has been verified by the sponsoring institution, confirming that the necessary procedures were followed and that the decision aligns with regulatory requirements [18].

Core Points - The company, Huaya Intelligent, announced on October 27 that it will not exercise the early redemption rights for its convertible bonds, Huaya Convertible Bonds [1] - The board of directors decided that for the next three months (from October 28, 2025, to January 27, 2026), if the conditional redemption terms for the Huaya Convertible Bonds are triggered again, the company will also not exercise the early redemption rights [1] - The first trading day for the re-evaluation of the Huaya Convertible Bonds will be January 28, 2026, and the company will convene a board meeting to decide on any future early redemption rights if the conditions are met [1]

| 股票代码：003043 | 股票简称：华亚智能 | 公告编号：2025-083 | | --- | --- | --- | | 转债代码：127079 | 转债简称：华亚转债 | | 苏州华亚智能科技股份有限公司 关于本次不提前赎回"华亚转债"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。 特别提示： 1、自2025年9月29日至2025年10月27日，公司股票已有十五个交易日的收盘 价格不低于"华亚转债"对应当期转股价格的130%，已触发"华亚转债"的有条件赎 回条款。 2、2025年10月27日，公司召开了第三届董事会第三十八次会议并审议通过《 关于不提前赎回华亚转债的议案》，公司董事会决定本次不行使"华亚转债"的提前 赎回权利，同时决定未来3个月内（即2025年10月28日至2026年1月27日），如再 次触发"华亚转债"上述有条件赎回条款时，公司均不行使提前赎回权利。以2026 年1月28日作为首个交易日重新计算，若"华亚转债"再次触发有条件赎回条款，届 时公司将再按照相关法律法规和《募集说明书》的要求召开董事会审议是否行使" 华亚转债"的 ...

东吴证券股份有限公司 关于苏州华亚智能科技股份有限公司 不提前赎回华亚转债的核查意见 东吴证券股份有限公司（以下简称"保荐机构"、"东吴证券"）作为苏州 华亚智能科技股份有限公司（以下简称"华亚智能"、"公司"）向不特定对象 发行可转换公司债券并在深主板上市的保荐机构，根据《证券发行上市保荐业务 管理办法》《可转换公司债券管理办法》《深圳证券交易所上市公司自律监管指 引第15号——可转换公司债券》等相关法律、法规和规范性文件的规定，对华亚 智能不提前赎回"华亚转债"的事项进行了审慎核查，具体情况及核查意见如下： 一、可转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会出具的《关于核准苏州华亚智能科技股份有限 公司公开发行可转换公司债券的批复》（证监许可〔2022〕2756号）核准，华 亚智能向社会公开发行可转换公司债券340万张，每张面值为人民币100元，按 面值发行，发行总额为人民币340,000,000.00元。募集资金总额扣除各项发行费 用（不含税）人民币3,418,867.92元后，实际募集资金净额为336,581,132.08元。 上述募集资金到位情况已经天衡会计师事务所（特殊普通合伙）于 ...

| 股票代码：003043 | 股票简称：华亚智能 | 公告编号：2025-082 | | --- | --- | --- | | 转债代码：127079 | 转债简称：华亚转债 | | 结合当前的市场情况及公司自身实际情况，公司董事会决定本次不行使"华亚 转债"的提前赎回权利，同时决定未来 3 个月内（即 2025 年 10 月 28 日至 2026 年 1 月 27 日），如再次触发"华亚转债"上述有条件赎回条款时，公司均不行使提前赎 回权利。以 2026 年 1 月 28 日作为首个交易日重新计算，若"华亚转债"再次触发有 条件赎回条款，届时公司将再按照相关法律法规和《募集说明书》的要求召开董事 会审议是否行使"华亚转债"的提前赎回权利，并及时履行信息披露义务。 苏州华亚智能科技股份有限公司 第三届董事会第三十八次会议决议公告 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。 苏州华亚智能科技股份有限公司(以下简称"公司")于2025年10月27日在公司会 议室以现场结合通讯方式召开第三届董事会第三十八次会议，因本次会议是否召开 以当日股票收盘价为依据，经 ...

Core Viewpoint - The company, Suzhou Huaya Intelligent Technology Co., Ltd., is set to lift restrictions on the sale of shares related to the acquisition of a 51% stake in Guan Hong Intelligent Equipment Co., Ltd. The release of these shares is scheduled for October 24, 2025, allowing for increased liquidity in the market [1][2][8]. Group 1: Share Release Details - The number of shares to be released from restrictions is 4,562,372, which accounts for 3.4050% of the company's total share capital [2][8]. - The actual number of shares that will be available for trading is 3,992,075, representing 2.9794% of the total share capital [2][8]. - The shares were issued to four counterparties as part of the transaction to acquire the stake in Guan Hong Intelligent [3][4]. Group 2: Performance Commitments - The performance commitments for Guan Hong Intelligent include a net profit of no less than 70 million yuan for 2024 and 82 million yuan for 2025, totaling at least 152 million yuan for the two years [5]. - An additional commitment for 2026 includes a net profit of no less than 88 million yuan [5]. - The company has met its 2024 performance commitment with a reported net profit of 72.019 million yuan [5]. Group 3: Shareholder Compliance - The four shareholders involved in the transaction have adhered to their commitments as of the date of the announcement [7]. - Specific lock-up arrangements are in place for the shares held by the shareholders, with a 12-month restriction on transfer from the date of registration [4][10]. Group 4: Capital Structure Changes - Following the issuance of shares to specific investors, the total number of shares has increased to 95,026,652 [6]. - After a capital increase through a stock dividend distribution, the total share capital rose to 133,038,719 shares [6]. - As of October 10, 2025, the total number of shares is reported to be 133,990,651 [6].