Financial Performance - The company's operating revenue for Q3 2025 was ¥199,332,232.56, representing a 25.40% increase year-over-year[5] - The net profit attributable to shareholders was -¥33,509,545.50, a decrease of 34.88% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was -¥30,429,100.96, down 41.25% year-over-year[5] - For the first three quarters of 2025, the company achieved operating revenue of CNY 520,725,624.11, a year-on-year decrease of 25.36%[18] - The net profit attributable to shareholders was CNY -52,202,270.15, a year-on-year decline of 354.59%[18] - The net cash flow from operating activities was CNY -83,471,746.75, an increase of 38.60% year-on-year[18] - Total operating revenue for the current period is ¥520,725,624.11, a decrease of 25.4% compared to ¥697,670,458.81 in the previous period[30] - The net profit for the current period is a loss of ¥52,319,028.83, compared to a profit of ¥20,827,569.04 in the previous period, representing a significant decline[31] - Basic and diluted earnings per share for the current period are both -¥0.0840, compared to ¥0.0332 in the previous period[33] - The total comprehensive income attributable to the parent company is a loss of ¥52,202,270.15, compared to a profit of ¥20,504,107.75 in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,073,869,018.46, a decrease of 6.54% from the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to CNY 4,073,869,018.46, a decrease from CNY 4,359,134,803.69 at the beginning of the period[25] - The company's current assets decreased to CNY 2,955,932,255.20 from CNY 3,446,152,081.17, reflecting a reduction of approximately 14.2%[26] - The company's total liabilities decreased to CNY 578,231,611.00 from CNY 823,943,791.98, indicating a reduction of approximately 29.8%[27] - The equity attributable to the parent company decreased from CNY 3,524,914,817.98 to CNY 3,485,477,972.41, a decline of about 1.1%[29] Cash Flow - Cash flow from operating activities was -¥83,471,746.75, showing a 38.60% improvement compared to the previous period[12] - Cash flow from operating activities shows a net outflow of ¥83,471,746.75, an improvement from a net outflow of ¥135,953,576.73 in the previous period[34] - Cash flow from investing activities results in a net outflow of ¥686,239,441.36, compared to a net outflow of ¥612,582,341.31 in the previous period[34] - Cash flow from financing activities shows a net outflow of ¥48,570,765.54, an improvement from a net outflow of ¥149,972,968.25 in the previous period[34] - The cash and cash equivalents at the end of the period amount to ¥697,958,307.78, down from ¥737,797,183.61 at the end of the previous period[34] Project and Market Development - The company secured multiple projects in key areas such as gas, drainage, and water supply, with project amounts exceeding CNY 10 million each[19] - The company’s intelligent 12345 government service hotline business expanded significantly, with overall contract amounts showing substantial growth compared to the previous year[21] - The company plans to continue increasing R&D investment and actively explore market opportunities to support government modernization efforts[19] - The company is focusing on project management and collaboration mechanisms to enhance delivery quality and execution efficiency[21] - The company has been awarded projects in cities like Chongqing, Nanjing, and Huludao, reflecting its strength in urban governance and resilience improvement[19] - The national policy support for urban development and infrastructure construction has provided new momentum for the industry[21] - The company plans to focus on urban infrastructure renovation and digital governance, aligning with national policies to enhance urban resilience and governance capabilities[23] - The "Two New" and "Two Heavy" initiatives are expected to allocate CNY 800 billion to support 1,459 projects, which will benefit the underground pipeline sector significantly[22] - The company anticipates improved market liquidity and vitality as local governments accelerate project lists and investment plans due to the rollout of special bonds and long-term treasury bonds[24] - The company maintains a strong project execution capability due to its extensive experience in urban digital governance and service[23] - The company aims for sustainable development, leveraging its technological advantages and practical experience to navigate external market fluctuations[24] Financial Ratios and Metrics - The basic earnings per share were -¥0.0539, reflecting a 35.45% improvement year-over-year[5] - The company experienced a 69.12% reduction in financial expenses, primarily due to decreased interest income[10] - The investment income increased dramatically by 14,258.93% to ¥10,355,729.02, attributed to gains from equity disposals[10] - The company reported a 67.61% improvement in cash flow from financing activities, amounting to -¥48,570,765.54, due to the absence of stock repurchase transactions from the previous year[12] Audit Status - The company has not undergone an audit for the third quarter financial report[35]

1、审议通过了《关于公司2025年第三季度报告的议案》 北京数字政通科技股份有限公司 证券代码：300075 证券简称：数字政通 公告编号：2025-045 第六届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 北京数字政通科技股份有限公司（以下简称"公司"）第六届董事会第八次 会议于 2025 年 10 月 22 日下午以现场表决加通讯表决的方式在公司会议室召开。 会议应出席董事 8 名，实际出席董事 8 名。本次会议由公司董事长吴强华先生主 持。 本次会议已于 2025 年 10 月 15 日以通讯等方式通知全体董事，与会的各位 董事已知悉与所议事项相关的必要信息。本次会议的召开符合《中华人民共和国 公司法》和《北京数字政通科技股份有限公司章程》等有关规定。 二、董事会会议审议情况 北京数字政通科技股份有限公司 董事会 2025 年 10 月 22 日 1 《2025 年第三季度报告》全文具体内容详见中国证监会指定的创业板信息 披露平台。公司董事会审计委员会已审议通过本议案并同意提交董事会审议。 表决结果：8 ...

Group 1 - Dingjide's subsidiary has successfully launched the industrial production of POE materials, achieving stable production of qualified products [1] - Xinhua Insurance reported a 19% year-on-year increase in original insurance premium income for the first three quarters, totaling 172.705 billion yuan [1] - Chunfeng Power achieved a 30.89% year-on-year increase in net profit for the first three quarters, with total revenue reaching 14.15 billion yuan [1][2] Group 2 - Guangsheng Nonferrous expects a net profit of 100 million to 130 million yuan for the first three quarters, marking a turnaround from losses [1] - Aobi Zhongguang anticipates a net profit of approximately 108 million yuan for the first three quarters, with revenue growth of 103.5% [1] - Guobang Pharmaceutical reported a 15.78% year-on-year increase in net profit for the first three quarters, totaling 6.7 billion yuan [1] Group 3 - Zhujiang Co. manages 428 projects with a signed construction area of approximately 50.9853 million square meters as of September 2025 [1] - Kecuan Technology has terminated its application for issuing convertible bonds, considering its development plan and actual situation [1] - Guoxin Securities has received approval to register 15 billion yuan in short-term corporate bonds [1] Group 4 - Aihua Pharmaceutical's clinical trial for a pediatric cough syrup has been approved by the National Medical Products Administration [1] - Xinjiang Jiaojian signed new construction contracts worth 1.413 billion yuan in the third quarter [1] - Sichuan Shuangma's subsidiary has received approval for the listing of a raw material drug used in treating various diseases [1] Group 5 - Gansu Energy's 1,000 MW coal-fired unit has officially commenced commercial operation [1] - Zhejiang Energy reported a 4.68% year-on-year increase in power generation for the first three quarters, totaling 135.234 billion kWh [1] - Tiandi Source's contract sales amount for the first nine months decreased by 16.18% to 3.085 billion yuan [1] Group 6 - Biological Shares' subsidiary has obtained a new veterinary drug registration certificate for a vaccine [1] - Jintong Co. reported a 4.03% year-on-year increase in net profit for the first three quarters, totaling 2.283 billion yuan [1] - Rihua Technology plans to invest 800 million yuan in a new project for industrial ray detection equipment [1] Group 7 - Zhongtian Technology has won multiple marine project bids totaling approximately 1.788 billion yuan [1] - Qingsong Co. has completed the disposal of a 148-acre industrial park project, transferring it for 163 million yuan [1] - Tongyuan Petroleum has successfully bid for a $126 million oil and gas service project in Algeria [1] Group 8 - Hengmingda's chairman proposed a share buyback plan of 200 million to 400 million yuan [1] - Deyi Cultural plans to reduce its holdings by up to 1% of the company's shares [1] - Feirongda's major shareholder plans to reduce its holdings by up to 2.36% of the company's shares [1] Group 9 - Mankun Technology plans to issue convertible bonds to raise no more than 760 million yuan for high-end PCB production and digital upgrades [1] - Sanlian Forging's shareholder plans to reduce its holdings by up to 3% of the company's shares [1] - Huagong Technology intends to jointly establish a venture capital fund with a target size of 500 million yuan [1] Group 10 - Shida Shenghua expects a net loss of 49 million to 75 million yuan for the first three quarters [1] - Huichuangda's major shareholder plans to reduce its holdings by up to 0.65% of the company's shares [1] - Yuxin Electronics reported a 60.21% year-on-year increase in net profit for the first three quarters, totaling 73.3941 million yuan [1] Group 11 - Yiwei Communication expects a 50% to 55% decline in net profit for the first three quarters [1] - Lio Co. plans to reduce its repurchased shares by up to 135 million shares [1] - Sichuan Shuangma's subsidiary has received approval for a new drug registration [1]

Core Viewpoint - Digital Zhengtong (300075.SZ) plans to raise a maximum of 1.05 billion yuan through a private placement of A-shares, with adjustments made to the allocation of funds for various projects due to previous fundraising exceeding 30% of the total amount [1][2]. Fundraising and Project Allocation - The total amount of funds raised is capped at 105 million yuan, with specific projects receiving adjusted funding as follows: - Urban Lifeline Operation Management Service Platform: Total investment 221.34 million yuan, reduced from 21 million yuan to 20.3 million yuan - Urban Renewal Management Service Platform: Total investment 144.71 million yuan, reduced from 13.7 million yuan to 13.3 million yuan - Urban Governance and Large Model 3.0 and Intelligent Agent Industry Application: Total investment 222.37 million yuan, reduced from 20 million yuan to 19.5 million yuan - New Generation Urban Low-altitude Flight Operation Service System: Total investment 184.12 million yuan, reduced from 17 million yuan to 16.5 million yuan - Urban Intelligent Data Operation Service System: Total investment 205.05 million yuan, reduced from 16 million yuan to 15.4 million yuan - Supplementing working capital remains unchanged at 20 million yuan [2]. Issuance Details - The issuance will target no more than 35 specific investors, including various financial institutions and qualified investors, with subscriptions made in cash [2]. - The pricing benchmark for the issuance will be set on the first day of the issuance period, with the price not lower than 80% of the average trading price over the previous 20 trading days [3]. Shareholder Activity - The actual controller of the company, Wu Qianghua, plans to reduce his holdings by up to 12 million shares, representing 1.93% of the total share capital, through block trading [4][5]. - Following the reduction, Wu's shareholding will decrease from 136.46 million shares to 124.46 million shares, reducing his ownership percentage from 21.97% to 20.04% [5]. Financial Performance - In the first half of 2025, the company reported a revenue of 321.39 million yuan, a decrease of 40.34% year-on-year, with a net loss attributable to shareholders of 18.69 million yuan [8][9]. - For the year 2024, the company recorded a revenue of 713.33 million yuan, down 41.20% from the previous year, and a net loss of 395.70 million yuan, a significant decline of 394.45% [10].

Core Viewpoint - Digital政通 (300075.SZ) plans to raise up to 105 million yuan through a private placement of A-shares to enhance its main business layout and supplement working capital [1] Fundraising Purpose - The raised funds will be allocated to five major projects: 1. Construction of urban lifeline operation management service platform 2. Construction of urban renewal management service platform 3. Urban governance human and large model 3.0 and intelligent application in the industry 4. Construction of a new generation urban-level low-altitude flight operation service system 5. Construction of urban intelligent data operation service system - Additionally, 20 million yuan will be used to supplement working capital [1] Strategic Alignment - The company aims to seize opportunities from the Digital China strategy and the development of the low-altitude economy to enhance its technological strength and market competitiveness [1] Previous Fund Usage - As of December 31, 2024, the balance of the previous non-public offering project special account was 51,122,647.32 yuan, including interest [1] - The funds originated from a non-public offering completed in July 2020, with a net fundraising amount of 585,858,781.70 yuan, and the remaining balance will be permanently used to supplement working capital for daily operations [1]

Core Insights - On October 16, a total of 10 companies in the A-share market announced plans related to private placements [1] - Three companies disclosed new private placement proposals, six companies had their proposals approved by shareholders, and one company's proposal was halted [1] Group 1: Private Placement Proposals - The companies with the highest proposed fundraising amounts are Junpu Intelligent, Digital Government, and Delixi Shares, with proposed amounts of up to 1.161 billion, 1.05 billion, and 720 million respectively [1] - A total of 114 companies have announced completed private placement plans this year, with 55 companies raising over 1 billion [1] Group 2: Major Fundraising Amounts - The highest fundraising amounts from private placements were reported by China Bank, Postal Savings Bank, and Transportation Bank, with total fundraising amounts of 165 billion, 130 billion, and 120 billion respectively [1]

Group 1 - The company plans to raise no more than 1.05 billion yuan through a private placement of shares to fund various urban management and smart city projects, as well as to supplement working capital [2][3] - As the first developer of a new digital urban management platform in China, the company has implemented over 5,000 projects across more than 500 cities, serving a population exceeding 550 million and covering over 70% of urban built-up areas [2] - In the first half of the year, the company reported a revenue of 321 million yuan, a decrease of 40.34% year-on-year, and a net loss attributable to shareholders of 18.69 million yuan, a decline of 125.98% year-on-year [2] Group 2 - The company noted that while market demand for digital and intelligent construction remains active, some clients are being cautious with project funding, leading to delays in project initiation and contract execution [3] - The company aims to enhance its product layout, accelerate product iteration and business scale expansion, and strengthen technological innovation and R&D investment, all of which require significant capital and working capital [3] - The funds raised from the stock issuance are expected to improve the company's financial strength and risk resistance, ultimately enhancing its market competitiveness and operational performance [3]

Group 1 - The company plans to raise no more than 1.05 billion yuan through a private placement of shares to fund various urban management and smart city projects, as well as to supplement working capital [1] - As the first developer of a new digital urban management platform in China, the company has implemented over 5,000 projects across more than 500 cities, serving a population of over 550 million and covering over 70% of urban built-up areas in the country [1] - In the first half of the year, the company reported a revenue of 321 million yuan, a decrease of 40.34% year-on-year, and a net loss attributable to shareholders of 18.69 million yuan, a decline of 125.98% year-on-year [1] Group 2 - The company noted that while the demand for digital and intelligent construction remains active, some clients are becoming more cautious with project funding, leading to delays in project initiation and contract execution, which has created temporary operational pressure [2] - The company is focused on optimizing resource allocation, strengthening internal management and cost control, and actively seeking new business opportunities to maintain stable development of its core business [2] - The capital raised from the stock issuance will enhance the company's financial strength and risk resistance, and the implementation of funded projects is expected to improve market competitiveness, operational performance, and profitability [2]

Group 1: Company Announcements - Sanhua Intelligent Control denied rumors of receiving a large robot order [1] - Shengfang Textile A's subsidiary plans to invest in a 1.49-meter wide polarizer production line project [1] - Rongji Software's subsidiary signed a contract worth 126 million yuan for the construction of Henan Rongji Software Park [1] - Nar Holdings intends to acquire at least 51% of Shanghai Feilai Testing [1] - Hengmingda plans to repurchase shares worth 200 million to 400 million yuan [1] - Shuo Beid's net profit for the first three quarters is expected to increase by 1258.39% to 1313.24% year-on-year [1] - Huizhiwei's major fund plans to reduce holdings by no more than 4.6684 million shares [1] - Junpu Intelligent plans to raise no more than 1.161 billion yuan through a private placement [1] - Sifang Optoelectronics received a project notification from a client, with a total contract amount expected to be 59 million yuan [1] Group 2: Performance Forecasts - Saifen Technology expects a net profit increase of 65% to 80% year-on-year for the first three quarters [2] - Asia-Pacific Co. anticipates a net profit increase of 97.38% to 113.30% year-on-year for the first three quarters [2] Group 3: Shareholding Changes - Xin Hongze's controlling shareholder plans to reduce holdings by no more than 3% [2] - Ugreen Technology's management and its concerted actions plan to reduce holdings by no more than 1.5% [2] - Sanfeng Intelligent's director and his concerted actions plan to reduce holdings by no more than 2.85% [2] - Huizhiwei's major fund plans to reduce holdings by no more than 4.6684 million shares [2] Group 4: Other Fundraising Activities - Digital Zhengtong plans to raise no more than 1.05 billion yuan through a private placement [2] - Deli Co. plans to raise no more than 720 million yuan through a private placement [2] - Junpu Intelligent plans to raise no more than 1.161 billion yuan through a private placement [2] - Sifang Optoelectronics received a project notification from a client, with a total contract amount expected to be 59 million yuan [2]

Group 1 - Sanhua Intelligent Control (002050.SZ) denied rumors of receiving a large robot order [1] - Deep Textile A (000045.SZ) subsidiary plans to invest in a 1.49-meter wide polarizer production line project [1] - Rongji Software (002474.SZ) subsidiary signed a 126 million yuan contract for the construction of Henan Rongji Software Park [1] Group 2 - Nar Holdings (002825.SZ) intends to acquire at least 51% equity in Shanghai Feilai Testing [1] - Hengmingda (002947.SZ) plans to repurchase shares worth 200 million to 400 million yuan [1] - Suobede (300322.SZ) expects a net profit growth of 1258.39% to 1313.24% year-on-year for the first three quarters [1] Group 3 - New Hongze (002836.SZ) major shareholder plans to reduce holdings by no more than 3% [1] - Ugreen Technology (301606.SZ) management and its concerted parties plan to reduce holdings by no more than 1.5% [1] - Wisdom Micro (688512.SZ) major fund plans to reduce holdings by no more than 466,840 shares [1] Group 4 - Digital Zhengtong (300075.SZ) plans to raise no more than 1.05 billion yuan through a private placement [2] - Delixi Shares (002571.SZ) plans to raise no more than 720 million yuan through a private placement [2] - Junpu Intelligent (688306.SZ) plans to raise no more than 1.161 billion yuan through a private placement [2] - Sifang Optoelectronics (688665.SZ) received a project notification from a client, with a total contract amount expected to be 59 million yuan [2]