联合〔2025〕10660 号 联合资信评估股份有限公司 关于终止哈尔滨九洲集团股份有限公司主体及相关债项信用评 受哈尔滨九洲集团股份有限公司（以下简称"公司"）委托，联合资信评估股份有限公司（以 下简称"联合资信"）对公司主体及相关债项进行了信用评级。根据最新的评级结果，公司主体 长期信用等级为 AA-，"九洲转 2"信用等级为 AA-，评级展望为稳定。 根据公司于 2025 年 10 月 22 日披露的《哈尔滨九洲集团股份有限公司关于九洲转 2 摘牌的公 告》，2025 年 10 月 15 日为"九洲转 2"赎回日，公司已全额赎回截至赎回登记日收市后在中国结 算登记在册的"九洲转 2"，赎回完成后，已无"九洲转 2"继续流通或交易，"九洲转 2"不再 具备上市条件而需摘牌。自 2025 年 10 月 23 日起，公司发行的"九洲转 2"将在深交所摘牌。截 至目前，"九洲转 2"已全部赎回且摘牌，不再存续。根据有关法规、监管规定、自律规则及联合 资信《终止评级制度》，自本公告发布之日起，联合资信终止对公司及"九洲转 2"债项的信用评 级，并将不再更新公司及上述债项的评级结果。 特此公告 联合资信评估股份有限 ...

Core Insights - Jiuzhou Group reported strong performance in Q3 2025, with revenue of 261 million yuan, a year-on-year increase of 12.77% [1] - The company's net profit attributable to shareholders, excluding non-recurring items, surged by 159.36% year-on-year in Q3, and by 170.88% in the first three quarters [1] - Operating cash flow for the first three quarters reached 306 million yuan, reflecting a significant year-on-year growth of 321.95%, primarily due to accelerated government subsidies for renewable energy [1] Financial Performance - Q3 revenue was 261 million yuan, marking a 12.77% increase compared to the previous year [1] - Net profit attributable to shareholders, excluding non-recurring items, increased by 159.36% year-on-year in Q3 [1] - For the first three quarters, net profit attributable to shareholders, excluding non-recurring items, totaled 48 million yuan, a substantial increase of 170.88% [1] Cash Flow and Subsidies - Operating cash flow for the first three quarters reached 306 million yuan, a remarkable increase of 321.95% year-on-year [1] - The improvement in cash flow is attributed to the acceleration of government subsidies, with 193.54 million yuan received in August for renewable energy projects [1] - As of June 30, the company had 1.203 billion yuan in receivables from power generation, with 1.167 billion yuan being renewable energy subsidies [1] Policy Impact - The Ministry of Finance's notification on June 16 established a "monthly payment" mechanism for renewable energy subsidies, alleviating financial pressures on new energy companies [1] - The timely receipt of government subsidies has reduced financial costs and enhanced profitability for Jiuzhou Group [1] - The positive impact of these policies is expected to accelerate the development of Jiuzhou Group's renewable energy business [1]

Core Viewpoint - Jiuzhou Group (300040.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 947 million yuan, a year-on-year decrease of 2.75% [1] - The net profit attributable to shareholders was 43.12 million yuan, reflecting a year-on-year decrease of 41.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 48.01 million yuan, showing a significant year-on-year increase of 170.88% [1] - Basic earnings per share were reported at 0.0706 yuan [1]

Core Viewpoint - Jiuzhou Group (300040) announced that neither the company nor its controlling subsidiaries have any overdue guarantees, are involved in any litigation related to guarantees, or have incurred losses due to being ruled against in guarantee-related cases [1] Summary by Categories - **Company Guarantees** - Jiuzhou Group and its subsidiaries have no overdue guarantees [1] - There are no guarantees involved in any litigation [1] - The company has not been ordered to bear losses due to guarantee-related judgments [1]

Core Viewpoint - Jiuzhou Group reported significant growth in revenue and net profit for Q3 2025, driven by government subsidies for renewable energy, indicating a positive outlook for the company's operations and cash flow [1][2] Financial Performance - In Q3 2025, Jiuzhou Group achieved operating revenue of 261 million yuan, a year-on-year increase of 12.77% [1] - The company's net profit attributable to shareholders, excluding non-recurring items, grew by 159.36% year-on-year in Q3 [1] - For the first three quarters of 2025, the net profit attributable to shareholders, excluding non-recurring items, reached 48 million yuan, a substantial increase of 170.88% compared to the same period last year [1] - Operating cash flow for the first three quarters amounted to 306 million yuan, reflecting a remarkable growth of 321.95% year-on-year [1] Policy Impact - The Ministry of Finance's announcement on June 16, 2025, established a monthly payment mechanism for renewable energy subsidies, marking the end of the funding shortage for the industry [1] - Jiuzhou Group received a total of 193.54 million yuan in renewable energy price subsidies in August 2025, which included projects in wind and solar power [2] - As of June 30, 2025, 1.203 billion yuan of accounts receivable for power generation included 1.167 billion yuan in renewable energy subsidies, with 11 subsidiaries included in the subsidy directory [2] Operational Strength - The timely receipt of government subsidies alleviated the cash flow pressure for daily operations of renewable energy stations, reducing financial costs and enhancing profitability and market competitiveness [2] - The dual support of steady revenue growth and improving cash flow positions Jiuzhou Group's renewable energy business for accelerated development [2]

Group 1 - The core point of the article is that Jiuzhou Group announced the convening of its 27th meeting of the 8th Board of Directors on October 27, 2025, to discuss various proposals, including the agenda for the fifth extraordinary shareholders' meeting in 2025 [1] - For the first half of 2025, Jiuzhou Group's revenue composition is as follows: heating revenue accounts for 43.58%, intelligent assembly manufacturing business accounts for 28.61%, power generation revenue accounts for 26.89%, and other businesses account for 0.92% [1] - As of the report date, Jiuzhou Group has a market capitalization of 4.3 billion yuan [1]

证券代码：300040 证券简称：九洲集团 公告编号：2025-109 哈尔滨九洲集团股份有限公司 关于为子公司申请综合授信提供担保的公告 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。 一、担保情况概述 为满足子公司生产经营资金需要，公司拟为子公司向金融机构申请授信提供 担保。拟申请授信的子公司有：泰来九洲广惠公共事业有限责任公司（以下简称 "泰来广惠"）和哈尔滨九洲电气技术有限责任公司（以下简称"九洲技术"）， 拟申请综合融资授信额度的具体内容如下： 其中：泰来广惠的担保明细如下： | 序号 | 金融机构名称 | 授信额度 | 款项用途 | 期限 | | | --- | --- | --- | --- | --- | --- | | 1 | 光大银行东大直支行 | 1,000 万元 | 流贷 | 不超过 1 | 年 | 泰来广惠是公司全资子公司，成立于2019年9月9日，统一社会信用代码为 91230224MA1BQWXU34，注册地址为黑龙江省齐齐哈尔市泰来县泰来镇欧洲小镇小 1 区一期1号楼一层商服26号2-4层商服1号等4处，注册资本：6000万元人 ...

证券代码：300040 证券简称：九洲集团 公告编号：2025-110 哈尔滨九洲集团股份有限公司 关于核销部分应收款项的公告 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。 哈尔滨九洲集团股份有限公司（以下简称"公司"）于2025年10月27日召开第 八届董事会第二十七次会议，会议审议通过了《关于核销部分应收款项的议案》， 本次核销坏账无需提交公司股东大会审议。现将本次核销坏账的具体内容公告如下： 一、本次坏账核销情况概述 根据《企业会计准则》《深圳证券交易所上市公司规范运作指引》以及公司应 收款项管理制度等相关规定，为进一步加强公司的资产管理，防范财务风险，真实 反映公司财务状况，公司对于经营过程中因各种原因长期催讨无果、确实无法收回 且涉及账龄超过5年以上的部分坏账予以核销。本次拟核销应收账款1笔，账面余额 6,474,000.00元，其中破产重整转股权投资金额为1,186,886.00元,剩余5,287,114.00元 已全部计提应收账款坏账准备，账面价值0元。 | 科目名称 | 核销金额（元） | 核销原因 | 款项是否由关联交易产生 | | --- ...

证券代码：300040 证券简称：九洲集团 公告编号：2025-111 哈尔滨九洲集团股份有限公司 关于召开2025年第五次临时股东会的通知 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、召开会议的基本情况 1．股东会届次：2025年第五次临时股东会（以下简称"本次股东会"）。 1 系统和互联网系统两种投票方式，同一股东账户只能选择其中一种方式。公司股 东或其委托代理人通过相应的投票系统行使表决权的表决票数，应当与现场投票 的表决票数以及符合规定的其他投票方式的表决票数一起计入本次股东会的表 决权总数。 2．股东会的召集人：公司董事会 3．会议召开的合法、合规性：公司第八届董事会第二十七次会议审议通过 了《关于召开2025年第五次临时股东会的议案》，本次会议召开符合有关法律、 行政法规、部门规章、规范性文件和《公司章程》的规定。 4．会议召开的日期、时间： （1）现场会议召开时间：2025年11月12日（星期三）下午13：30； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025年11月12日上午9:15-9:25、9:3 ...

证券代码：300040 证券简称：九洲集团 公告编号：2025-107 哈尔滨九洲集团股份有限公司 第八届董事会第二十七次会议决议公告 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、审议通过《2025 年第三季度报告》 公司《2025 年第三季度报告》详见中国证监会指定的创业板信息披露网站 巨潮资讯网（www.cninfo.com.cn）上披露的相关公告。 本议案已由第八届董事会审计委员会第一次会议审议通过。 表决结果：同意票 9 票，反对票 0 票，弃权票 0 票。 二、审议通过《关于为子公司申请综合授信提供担保的议案》 为满足子公司生产经营的资金需要，2025 年度公司拟为子公司向银行申请 授信提供担保。拟申请授信的子公司有：泰来九洲广惠公共事业有限责任公司（以 下简称"泰来广惠"）、哈尔滨九洲电气技术有限责任公司（以下简称"九洲技术"）， 拟申请综合融资授信额度的具体内容如下： 泰来广惠的担保明细如下： 1 哈尔滨九洲集团股份有限公司（以下简称"九洲集团"或"公司"）于 2025 年 10 月 17 日以电子邮件、传真和专人送达方式向全体董事发出召 ...