证券代码：300025 证券简称：华星创业 公告编号：2025-046 杭州华星创业通信技术股份有限公司 关于提供财务资助的公告 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。 重要内容提示： 1、本次资助对象为HXCY (THAILAND) CO.,LTD.（以下简称"华星泰国公司"）， 资助金额为不超过1,000万元人民币，在上述额度范围内可循环使用，期限不超 过3年，利率不低于5%。公司将根据华星泰国公司业务需求分次提供资助。 2、本次财务资助事项经杭州华星创业通信技术股份有限公司（以下简称"公 司"）第七届董事会第十二次会议审议通过，无需提交公司股东会审议。 3、公司将密切关注华星泰国公司的经营情况及财务状况，持续做好风险管 控工作，积极采取措施收回借款。本次资助对象为境外公司，除公司日常经营风 险外，还存在汇率波动的风险。 为开拓泰国当地的通信技术服务业务，公司于2024年8月26日召开董事会审议通 过《关于向子公司提供财务资助的议案》，公司董事会同意向华星泰国公司提供合 计不超过1,000万元额度的财务资助，期限不超过1年，以实际提款日起计算，利率 ...

证券代码：300025 证券简称：华星创业 公告编号：2025-044 《2025 年第三季度报告》的具体内容详见同日披露在巨潮资讯网的相关公 告。 《2025 年第三季度报告》的财务信息已经公司第七届董事会审计委员会审 议通过。 此项议案以 7 票同意、0 票反对、0 票弃权获得通过。 二、《关于向子公司提供财务资助的议案》 杭州华星创业通信技术股份有限公司 第七届董事会第十二次会议决议公告 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。 杭州华星创业通信技术股份有限公司（以下简称"公司"）第七届董事会第 十二次会议于 2025 年 10 月 22 日以邮件、传真或专人送达方式发出会议通知， 决定于 2025 年 10 月 27 日以通讯表决方式召开。会议应参与表决董事 7 名，实 际参与表决董事 7 名。本次会议的召开与表决程序符合《公司法》和《公司章程》 等的有关规定，会议由董事长朱东成先生主持。 经与会董事表决，通过如下决议： 一、《2025 年第三季度报告》 为开拓泰国当地的通信技术服务业务，公司向华星泰国公司提供不超过人民 币 1,000 万元的财 ...

Financial Performance - The company's revenue for Q3 2025 was ¥146,459,036.34, a decrease of 7.58% compared to the same period last year[5] - The net profit attributable to shareholders was -¥13,585,390.38, representing a 23.30% increase in losses year-over-year[5] - The basic earnings per share for the period was -¥0.0267, a 23.28% increase in losses compared to the previous year[5] - Total operating revenue for the period was ¥439,295,754.70, a decrease of 12.55% from ¥502,310,567.57 in the previous period[22] - The net profit for the current period is -41,826,632.78, compared to -42,050,957.70 in the previous period, indicating a slight improvement[23] - Total comprehensive income for the current period is -43,088,039.46, compared to -42,666,380.09 in the previous period[24] - Basic and diluted earnings per share are both -0.0784, slightly better than -0.0795 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥897,486,118.86, down 7.50% from the end of the previous year[5] - Total assets decreased to ¥897,486,118.86 from ¥970,217,287.74, a decline of 7.49%[20] - Total liabilities decreased to ¥357,874,976.93 from ¥387,838,106.35, a reduction of 7.73%[20] - The company's total equity decreased to ¥539,611,141.93 from ¥582,379,181.39, a decline of 7.35%[20] - The company reported a net loss of ¥280,206,917.08 in retained earnings, worsening from a loss of ¥240,303,364.10 in the previous period[20] Cash Flow - Cash flow from operating activities showed a net increase of 22.89%, primarily due to reduced operating expenses[11] - Operating cash flow for the current period is -37,316,866.69, an improvement from -48,393,511.31 in the previous period[26] - Cash flow from investment activities shows a net inflow of 46,366,226.94, compared to a net outflow of -2,741,275.80 in the previous period[26] - Cash and cash equivalents at the end of the period were ¥95,013,405.93, a decrease of 28.06% from ¥132,001,528.20 at the beginning of the period[18] - The cash and cash equivalents at the end of the period are 92,087,149.84, compared to 110,990,179.26 at the end of the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,470, with the largest shareholder holding 15.82% of the shares[14] - The company plans to lift restrictions on 75,120,000 shares on July 28, 2025, related to a specific share issuance[16] Other Income and Expenses - Other income increased by 76.91%, mainly due to higher government subsidies received during the period[8] - The company experienced a significant 8670.04% increase in asset disposal gains, attributed to increased fixed asset disposals[8] - The company reported a 58.18% decrease in receivables financing, reflecting a reduction in commercial acceptance bills[8] - Total operating costs amounted to ¥479,248,385.18, down 12.66% from ¥548,662,201.92 in the previous period[22] - The total operating expenses for the current period amount to 83,000,000.00, a decrease from 92,000,000.00 in the previous period[23] - The company incurred interest expenses of 4,136,466.99, down from 4,711,349.25 in the previous period[23] Inventory and Receivables - Accounts receivable decreased to ¥432,640,821.80 from ¥444,850,443.20, reflecting a reduction of 2.93%[18] - Inventory increased to ¥52,950,121.29, up 9.01% from ¥48,498,255.92[19] Audit Status - The company has not undergone an audit for the third quarter financial report[28]

Core Viewpoint - The company, Huaxing Chuangye, addresses investor concerns regarding its large accounts receivable, attributing it to industry characteristics, revenue structure, and payment cycle practices [1] Group 1: Accounts Receivable - The company's accounts receivable is significant, primarily due to the nature of the industry and its revenue structure [1] - Major clients include telecom operators and main equipment manufacturers, which are large state-owned enterprises with good credit and stable operations [1] - The quality of accounts receivable is considered high, with a low risk of bad debts [1] Group 2: Cash Flow Management - The company plans to enhance cash flow management through business adjustments and collection of receivables [1]

Core Viewpoint - The company, Huaxing Chuangye, is accelerating its business development and exploring diversified profit models [2] Group 1 - The company is responding to investor inquiries regarding its future strategies [2] - The focus on accelerating business development indicates a proactive approach to market opportunities [2] - The exploration of diversified profit models suggests a shift towards reducing reliance on traditional revenue streams [2]

Core Viewpoint - The company received a suggestion from an investor to suspend executive salaries during periods of loss and to resume payment of salaries and bonuses only after achieving profitability [1] Group 1 - The company acknowledged the investor's suggestion and stated that it would be forwarded for consideration [1]

Core Viewpoint - The company, Huaxing Chuangye (300025.SZ), has stated that it does not currently consider introducing a market maker system [1] Group 1 - Investors inquired about the potential introduction of a market maker system on the investor interaction platform [1] - The company responded on October 21, indicating that it is not planning to implement such a system at this time [1]

Core Viewpoint - The stock price fluctuations of Huaxing Chuangye (300025) are influenced by multiple factors including macroeconomic conditions and industry cycles [1] Group 1 - The company is making efforts to enhance its core competitiveness and profitability [1] - The company aims to provide returns to its investors [1]

Core Viewpoint - The company, Huaxing Chuangye, is facing challenges due to high dependence on major clients in the mobile communication services industry, leading to thin profit margins and losses despite stable business operations [1] Summary by Categories Business Performance - The company has a high reliance on downstream major clients, which affects its business stability [1] - Although the business is relatively stable, there has been a decline in prices, contributing to thinner profit margins [1] Cost Structure - The primary cost for the company in providing technical services is labor costs, which cannot be reduced proportionally [1] - The company has incurred losses due to increased R&D investments and management costs [1] Strategic Initiatives - The company plans to expand its business profitability by exploring new channels aligned with its development strategy [1] - Efforts will include actively seeking collaborations with operators and major equipment manufacturers in sectors such as government enterprises and digital economy [1] - The company aims to strengthen its overseas market development and pilot projects related to low-altitude economy [1] - The company is actively looking for new opportunities within the industry [1]

Core Viewpoint - The company has established a compensation and performance evaluation system that is closely linked to business results, aiming to enhance talent management and incentive mechanisms [1] Group 1 - The company has developed a performance assessment mechanism that is strongly tied to operational outcomes [1] - The company plans to expand new channels for development and actively seek new opportunities within the industry [1]