Financial Performance - The company's operating revenue for Q3 2025 was ¥418,733,116.57, representing a 1.53% increase year-over-year, while the revenue for the year-to-date period reached ¥1,211,752,952.34, up 14.32% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was ¥19,426,018.65, a significant increase of 186.07% year-over-year, and the year-to-date net profit reached ¥29,662,480.04, up 149.28%[5] - The basic and diluted earnings per share for Q3 2025 were both ¥0.0242, reflecting a 186.12% increase compared to the same quarter last year[5] - Total operating revenue for the current period reached ¥1,211,752,952.34, an increase of 14.3% compared to ¥1,060,006,700.37 in the previous period[23] - Net profit for the current period was ¥29,873,673.52, a significant recovery from a net loss of ¥60,849,949.31 in the previous period[24] - Basic and diluted earnings per share for the current period were both ¥0.0369, recovering from a loss of ¥0.0749 per share in the previous period[25] - The company achieved a total comprehensive income of ¥29,718,421.99, compared to a loss of ¥61,057,292.84 in the previous period[24] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥53,768,253.76, a substantial increase of 269.39% compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥53,768,253.76, compared to a negative cash flow of ¥31,741,592.36 in the prior period[25] - Cash and cash equivalents at the end of the period totaled ¥384,001,472.81, up from ¥269,891,560.41 at the end of the previous period[26] - The company reported a significant increase in cash and cash equivalents, with a 74.33% rise in monetary funds to ¥422,493,414.66 compared to the beginning of the year[8] - The net cash received from the disposal of fixed assets and other long-term assets was approximately ¥51.69 million, marking a 491.02% increase[9] - The company secured bank financing, resulting in cash inflows of ¥80 million, indicating a 100% increase in borrowing activities[9] Liabilities and Equity - The company's total liabilities decreased from CNY 985.7 million to CNY 965.2 million, a reduction of about 2.5%[22] - The company's equity attributable to shareholders increased by 4.46% to ¥690,726,871.94 compared to the end of the previous year[5] - Total assets at the end of Q3 2025 amounted to ¥1,648,845,039.78, a slight increase of 0.56% from the end of the previous year[5] Expenses and Costs - Operating income decreased by 92.97% to ¥117.46 million, primarily due to a reduction in compensation received compared to the previous year[9] - The company experienced a 240.49% increase in income tax expenses, totaling ¥7.86 million, attributed to a decrease in deductible losses and deferred tax assets[9] - The company reported a 179.48% increase in taxes paid, amounting to ¥24.51 million, due to increased business revenue[9] - The financial expenses decreased by 35.64% to ¥7,687,514.36, primarily due to a reduction in borrowing scale and increased interest income from bank deposits[8] - Total operating costs amounted to ¥1,176,500,360.89, up 5.1% from ¥1,119,027,717.47 in the prior period[23] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 41,556, with no preferred shareholders[11] - The largest shareholder, Hebei Ningrui Woge Management Consulting Co., Ltd., holds 16.49% of shares, totaling 132,426,713 shares[11] Investments and Acquisitions - The company’s subsidiary, Jin Xing Chuang, acquired land use rights for approximately ¥76.2 million to develop a production base for micro motors and silicone plastic components[15] - The company decided to terminate the external investment for the construction of a production base and will return the land use rights, with a refund of CNY 76.2 million after deducting a 20% deposit of CNY 15.24 million and agricultural development funds of CNY 244,600[16] Legal and Regulatory Matters - The company is currently undergoing a tax audit for the period from January 1, 2022, to December 31, 2024, focusing on R&D expense deductions[17] - The company is currently involved in a legal case regarding embezzlement by a former employee, which is under judicial review[17] Accounting Standards - The new accounting standards will be implemented starting from 2025[27] - The financial report for the first year of the new accounting standards will reflect relevant project situations at the beginning of the year[27] Miscellaneous - The company recorded a total of ¥2,540,188.11 in non-recurring gains and losses for Q3 2025, with a notable contribution from debt restructuring gains[6] - The company reported a significant increase in asset disposal gains, reaching approximately ¥24.76 million, a rise of 579.67% compared to the previous period[9] - The company’s minority shareholder profit increased by 132.35% to ¥211,193.48, reflecting improved performance from non-wholly owned subsidiaries[9] - Research and development expenses decreased to ¥35,584,110.07 from ¥50,706,262.29, reflecting a reduction of 29.8%[23] - The company’s total assets impairment loss was reported at -¥32,978,864.01, worsening from -¥25,920,510.28 in the previous period[24] - The company reported a significant reduction in inventory from CNY 190.2 million to CNY 152.9 million, a decrease of approximately 19.6%[20] - The company has completed the cancellation procedures for relevant certificates regarding the land use rights[16] - The third quarter financial report of Jinlong Electromechanical Co., Ltd. has not been audited[27]

Core Viewpoint - Kinglong Electric (300032.SZ) announced that its wholly-owned subsidiary, Xingke Electronics (Dongguan) Co., Ltd., received a tax inspection notice from the Dongguan Tax Bureau, which will examine the company's tax situation from January 1, 2022, to December 31, 2024, focusing on R&D expense deductions [1] Group 1 - The tax inspection is based on Article 54 of the Tax Collection and Administration Law of the People's Republic of China [1] - The inspection will cover the period of R&D expense deductions claimed by Xingke Electronics [1] - The company plans to review the relevant policy documents and verify the R&D expense deductions for the years involved [1]

证券代码：300032 证券简称：金龙机电 公告编号：2025-037 金龙机电股份有限公司 关于子公司收到税务检查通知书的公告 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。 金龙机电股份有限公司（以下简称"公司"）全资子公司兴科电子（东莞） 有限公司（以下简称"兴科电子"）于2025年10月17日收到国家税务总局东莞市 税务局虎门分局（以下简称"虎门税务分局"）送达的《税务检查通知书》（东 税虎门检通[2025]752号），虎门税务分局根据《中华人民共和国税收征收管理 法》第五十四条规定，对兴科电子2022年1月1日至2024年12月31日期间（如检查 发现此期间以外明显的税收违法嫌疑或者线索不受此限）涉税情况进行检查。经 与税局检查人员沟通了解，本次检查主要是针对兴科电子前述年度期间的研究开 发费用税前加计扣除事项。 公司及兴科电子将认真研读分析虎门税务分局检查提及的相关政策文件，同 时对所涉及年度申报的研发费用扣除情况进行进一步梳理、核查，并将与虎门税 务分局保持积极沟通。公司将根据事项进展及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告 ...

Company Overview - Jinlong Electromechanical Co., Ltd. is located in Dongguan, Guangdong Province, established on November 11, 1993, and listed on December 25, 2009 [2] - The company's main business includes the research, production, and sales of motors, silicone plastic structural components, and touch display products [2] - The revenue composition is as follows: structural components 48.45%, touch display modules 39.14%, motors 10.31%, electronic atomizers and related accessories 1.16%, and others 0.95% [2] Financial Performance - For the first half of 2025, Jinlong Electromechanical achieved operating revenue of 793 million yuan, a year-on-year increase of 22.46% [2] - The net profit attributable to the parent company was 10.24 million yuan, representing a year-on-year growth of 127.20% [2] - The company has cumulatively distributed cash dividends of 311 million yuan since its A-share listing, with no cash dividends distributed in the past three years [3] Stock Performance - As of September 15, the stock price of Jinlong Electromechanical rose by 2.10%, reaching 5.34 yuan per share, with a total market capitalization of 4.289 billion yuan [1] - Year-to-date, the stock price has increased by 18.40%, with a 0.00% change over the last five trading days, a decline of 4.47% over the last 20 days, and an increase of 6.37% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on May 8, where it recorded a net purchase of 68.77 million yuan [1] Market Activity - As of the latest data, the stock has seen a net inflow of 427,200 yuan from main funds, with significant buying and selling activities recorded [1] - The stock's trading volume included large orders, with a total buy of 27.37 million yuan and a sell of 24.75 million yuan [1] Shareholder Information - As of June 30, the number of shareholders reached 45,700, an increase of 1.34% from the previous period, while the average circulating shares per person decreased by 1.32% to 17,565 shares [2] Industry Classification - Jinlong Electromechanical is classified under the Shenwan industry category of electronics, specifically in consumer electronics and components assembly [2] - The company is associated with several concept sectors, including small-cap stocks, full-screen technology, low-priced stocks, shared economy, and the metaverse [2]

Core Insights - The direct current micro special motor industry is experiencing steady growth in China, driven by increasing automation in manufacturing and expanding application fields [1][2][4] - In 2024, China's production of direct current micro special motors is projected to reach 15.5 billion units, with a demand of 13.5 billion units and a market size of 288.63 billion yuan, reflecting a slight increase from 2023 [1][2] - The industry is characterized by a competitive landscape involving multinational corporations, foreign enterprises, and domestic companies [5][6] Industry Definition and Classification - Direct current micro special motors are defined as motors with a diameter less than 160mm or a height not exceeding 90mm, with a rated power of less than 750W or having special performance and applications [2] - They are classified into permanent magnet DC motors and armature DC motors, and further into brushed and brushless DC motors [2] Current Development Status - The industry originated in developed countries like Germany and Switzerland, rapidly developed in Japan, and is now expanding in developing countries due to rising application demands [2][4] - The application fields have broadened from audio equipment and home appliances to include garden tools, medical devices, industrial automation, new energy vehicles, and robotics [1][2] Market Size and Projections - The market size for direct current micro special motors in China is expected to reach 296.42 billion yuan by 2025, with production and demand projected to grow to 16 billion units and 13.8 billion units, respectively [1][2] Industry Chain - The upstream of the industry includes raw materials such as copper, steel, enameled wire, and castings; the midstream involves R&D and manufacturing; and the downstream applications span consumer electronics, industrial automation, medical devices, and new energy sectors [4] Competitive Landscape - The global direct current micro special motor industry is highly concentrated, primarily dominated by companies from Europe, Japan, and China, with advanced technology still residing in developed nations [4][5] - Major global players include Nidec, Denso, Mitsuba, Minebea, Ziehl-Abegg, Ebm-Papst, Mabuchi, and Maxon Motor [4] Domestic Market Dynamics - Chinese companies in the direct current micro special motor sector include Wolong Electric, Dayang Electric, Innovera, Jiangsu Leili, Jinlong Electromechanical, and others [6] - Despite advancements in technology, domestic companies still face challenges in market competitiveness compared to international counterparts [5] Future Development Trends - The industry is adapting to national policies and economic conditions, focusing on strategic adjustments and optimization of industrial structure, manufacturing technology, production modes, and product performance [7]

证券代码：300032 证券简称：金龙机电 公告编号：2025-036 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、终止对外投资及与政府部门协商退回土地使用权事项概述 金龙机电股份有限公司 关于终止对外投资及与政府部门协商退回土地使用权的 进展公告（二） 1 关于本次对外投资、竞得项目用地土地使用权及签订土地出让合同、项目投 资效益协议书、终止本次对外投资及退回土地的相关进展具体情况详见公司分别 于2020年11月18日、2020年11月28日、2023年8月3日、2023年8月7日、2023年8 月15日、2025年2月20日、2025年6月5日在巨潮资讯网披露的《关于签订项目投 资意向协议书的公告》（公告编号：2020-082）、《关于对外投资的公告》（公 告编号：2020-084）、《关于对深圳证券交易所关注函的回复公告》（公告编号： 2020-086）、《关于子公司成为土地使用权竞得入选人暨对外投资的进展公告》 （公告编号：2023-034）、《关于子公司竞得土地使用权暨对外投资的进展公告 （二）》（公告编号：2023-035）、《关于子公司竞 ...

Core Viewpoint - The company, Jinlong Electromechanical, currently does not have any products used in AI glasses, such as motors or structural components [1] Company Summary - Jinlong Electromechanical responded to an investor inquiry on September 2, indicating that they do not have products applicable to AI glasses at this time [1]

Core Viewpoint - The company, Jinlong Electric (300032), has indicated that a portion of its touch display modules and structural components are exported to EU countries, but the revenue from these products constitutes a small percentage of the overall revenue [1] Business Performance - The company disclosed its 2025 semi-annual report on August 29, 2025, which provides details on the operational performance of its various business segments for the first half of 2025 [1]

Group 1 - The company Jinlong Electromechanical stated that its motor products are primarily used in the consumer electronics sector and have not yet been shipped for robotics applications or vascular clearance products [2] - The smallest motor product currently offered by the company has a diameter of 4mm and a thickness of 1.3mm [2]

Group 1 - The company, Jinlong Electromechanical, confirmed on September 1 that its current product range does not include military products [1]