Core Insights - The company reported a revenue of 393 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 6.52% [1] - The net profit attributable to shareholders was 33.45 million yuan, down 20.28% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 32.07 million yuan, showing a year-on-year increase of 2.85% [1] - The basic earnings per share were 0.07 yuan [1]

Core Insights - The company reported a revenue of 122 million yuan for the third quarter, representing a decline of 19.72% [1] - The net profit for the third quarter was 9.97 million yuan, down 52.14% [1] - For the first three quarters, the total revenue was 393 million yuan, a decrease of 6.52% [1] - The net profit for the first three quarters was 33.45 million yuan, reflecting a decline of 20.28% [1]

2025 年 10 月 27 日，南方风机股份有限公司（以下简称"公司"）召开了第 六届董事会第十一次会议，会议审议并通过了公司《2025 年第三季度报告》。为 使投资者全面了解本公司的经营成果、财务状况，公司《2025 年第三季度报告》 将于 2025 年 10 月 28 日刊登在中国证监会指定创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn），敬请投资者查阅。 特此公告。 南方风机股份有限公司 董事会 二〇二五年十月二十七日 1 证券代码：300004 证券简称：南风股份 公告编号：2025-028 南方风机股份有限公司 2025年第三季度报告披露提示性公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 ...

Revenue and Profitability - Revenue for Q3 2025 was CNY 121,741,454.71, a decrease of 19.72% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 9,974,175.56, down 52.14% year-on-year[5] - Basic earnings per share decreased by 60.00% to CNY 0.02[5] - Total operating revenue for the period was CNY 393,285,096, a decrease of 6.1% compared to CNY 420,701,915.71 in the previous period[20] - The net profit for the current period is 33,453,733.11, a decrease of 17.4% compared to 40,510,697.19 in the previous period[21] - The total profit for the current period is 37,405,691.00, down from 45,608,491.74, reflecting a decline of 17.5%[21] - The operating profit for the current period is 36,734,753.21, compared to 45,876,520.01 in the previous period, indicating a decrease of 20%[21] - Basic and diluted earnings per share for the current period are both 0.07, down from 0.09 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,157,396,449.12, an increase of 3.54% from the end of the previous year[5] - Total assets at the end of the period were CNY 2,157,396,449.12, up from CNY 2,083,584,262.62, reflecting an increase of 3.5%[17] - Total liabilities increased to CNY 377,609,429.21 from CNY 337,250,972.82, marking an increase of 12%[18] - The company's retained earnings showed a slight improvement, with a loss of CNY 1,027,907,751.29 compared to a loss of CNY 1,061,361,484.40 in the previous period[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 6,146,309.80, reflecting an 85.58% increase in cash outflow year-to-date[5] - The cash flow from operating activities shows a net outflow of -6,146,309.80, an improvement from -42,618,702.89 in the previous period[25] - Cash flow from investment activities resulted in a net outflow of -404,636,249.34, compared to -485,191,729.93 in the previous period, showing a reduction in outflow[25] - The total cash inflow from operating activities is 310,705,611.42, an increase from 242,670,080.38 in the previous period[24] - The total cash outflow from operating activities is 316,851,921.22, compared to 285,288,783.27 in the previous period, indicating an increase in outflow[25] - Cash and cash equivalents at the end of the period were CNY 224,615,969.20, down from CNY 529,448,835.41 at the beginning of the period, indicating a decrease of 57.6%[15] - The total cash and cash equivalents at the end of the period is 101,746,274.28, down from 182,538,660.53 in the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,154[11] Investments and Financial Assets - The company reported a 100% increase in trading financial assets due to the purchase of wealth management products[9] - The company's net investment income increased to CNY 11,826,455.28, compared to CNY 10,671,368.07 in the previous period, reflecting a growth of 10.8%[20] - The company experienced a 1227.26% increase in cash paid for the purchase of fixed assets, mainly due to increased production equipment purchases[12] Financial Performance Metrics - The company’s weighted average return on equity was 0.64%, down 0.57% year-on-year[5] - The company's financial expense reduction, with net financial costs decreasing from CNY 3,741,637.75 to CNY 1,405,619.50, a decrease of 62.5%[20] Inventory and Receivables - Accounts receivable increased to CNY 530,208,709.76 from CNY 463,467,447.57, representing an increase of 14.4%[16] - Inventory decreased to CNY 156,602,607.60 from CNY 170,902,714.25, a decline of 8.4%[16] Other Information - The company has not undergone an audit for the third quarter financial report[27]

Core Viewpoint - The company Nanfeng Co., Ltd. (300004) primarily applies its ventilation products in underground construction and engineering scenarios such as subways, tunnels, and underground parking lots [1] Company Summary - Nanfeng Co., Ltd. focuses on ventilation products [1] - The company's products are utilized in specific infrastructure projects, indicating a niche market presence [1] Industry Summary - The ventilation product market is relevant to underground construction, which includes subways, tunnels, and parking facilities [1] - The application of these products highlights the importance of ventilation solutions in enhancing safety and air quality in confined spaces [1]

Group 1 - The core viewpoint of the article is that Nanfeng Co., Ltd. (300004.SZ) primarily applies its ventilation products in underground construction and engineering scenarios such as subways, tunnels, and underground parking lots [1]

Core Viewpoint - The company is actively engaged in the development of ventilation products primarily used in nuclear power, subways, tunnels, large industrial, and civil construction sectors, and is open to exploring ventilation needs in underground or deep space projects based on specific project and client requirements [1] Group 1 - The company's ventilation products are mainly utilized in nuclear power, subways, tunnels, and large industrial and civil buildings [1] - The company expresses willingness to develop and connect with projects related to ventilation needs in underground or deep space [1] - The development of such projects will depend on specific project and client requirements [1]

Core Viewpoint - Nanfeng Co., Ltd. (300004) indicated on October 21 that shareholders should refer to the company's periodic reports for information regarding the number of shareholders [1] Group 1 - The company responded to investor inquiries on an interactive platform [1] - The company emphasized the importance of periodic reports for shareholder information [1]

Group 1: Company Overview and Business Operations - Southern Wind Power Co., Ltd. focuses on nuclear ventilation equipment, which has high technical requirements due to safety regulations and international standards [2][3] - The company has seen an upward trend in gross profit margins, attributed to the recovery of nuclear power station construction approvals and increased project activity [2][3] Group 2: Product Supply and Market Dynamics - The supply cycle for nuclear ventilation equipment typically spans 3-4 years, while for subway and tunnel ventilation, it is 2-3 years, and for large industrial and civil construction, it is under 1 year [3] - Variations in product structure and quantity during different periods affect the company's revenue and profit [3] Group 3: 3D Printing Business Development - In December 2024, the company acquired minority shareholder rights in Southern Additive, transitioning to 3D printing services, with ongoing normal business progress [4] - An investment of 50 million yuan was approved in September 2025 for fixed asset investments in 3D printing services, with plans for expansion currently in execution [4] Group 4: Competitive Advantages and Market Potential - The demand for high-performance electronic devices and cooling solutions is increasing, with 3D metal printing technology offering innovative design and integration capabilities [6] - Southern Additive's competitive edge lies in its ability to provide customized solutions based on client needs, with ongoing discussions and sample submissions to potential clients [6]

Core Viewpoint - Nanfeng Co., Ltd. (300004.SZ) is actively engaging in business discussions and sample deliveries with relevant clients for its 3D printing products, including liquid cooling plates [1] Company Summary - Nanfeng Co., Ltd. is involved in the production of 3D printing products, specifically highlighting its capability to manufacture liquid cooling plates [1]