Core Viewpoint - GQY Vision reported a significant decline in revenue and an increase in net losses for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 64.3967 million yuan, representing a year-on-year decrease of 23.62% [1] - The net loss attributable to shareholders of the listed company was 31.5645 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 36.2627 million yuan [1] - The basic loss per share was 0.0744 yuan [1]

Group 1 - GQY Vision reported a revenue of approximately 64.4 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 23.62% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 31.56 million yuan, with a basic earnings per share loss of 0.0744 yuan [1] - As of the report date, GQY Vision's market capitalization stood at 2.7 billion yuan [1] Group 2 - The A-share market has surpassed 4,000 points, marking a significant resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging driven by technology [1]

证券代码：300076 证券简称：GQY视讯 公告编号：2025-53 宁波GQY视讯股份有限公司 第八届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 本议案已经公司董事会审计委员会审议通过。具体内容详见公司在中国证监 会指定的信息披露网站披露的《2025年第三季报告》。 表决结果：同意9票、反对0票、弃权0票。 三、备查文件 1、公司第八届董事会第三次会议决议； 2、公司第八届董事会审计委员会第二次会议决议； 1、审议通过《关于公司<2025 年第三季度报告>的议案》 一、董事会会议召开情况 宁波GQY视讯股份有限公司（以下简称"公司"或"GQY视讯"）第八届董 事会第三次会议通知于2025年10月19日以电话及邮件方式通知全体董事，并于 2025年10月29日以现场及通讯方式召开。本次会议由公司董事长荆毅民先生主持， 应参加董事9名，实际参与表决董事9名。本次会议的召集、召开符合《公司法》、 《公司章程》和《董事会议事规则》的有关规定，会议合法有效。 二、董事会会议审议情况 经与会董事审议，本次会议以记名投票的表决方式逐项表决通 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥23,649,845.05, representing a 245.10% increase compared to the same period last year[3]. - The net profit attributable to shareholders was -¥8,838,065.57, a decrease of 10.97% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,359,581.57, reflecting a 14.84% increase compared to the previous year[3]. - Total operating revenue for the current period is ¥64,396,653.34, a decrease of 23.6% from ¥84,307,611.02 in the previous period[31]. - Net profit for the current period is a loss of ¥32,188,001.13, compared to a loss of ¥24,669,432.60 in the previous period, representing a 30.5% increase in losses[32]. - Total comprehensive loss for the current period is ¥32,188,001.13, compared to a loss of ¥24,669,432.60 in the previous period[33]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,006,511,265.95, down 3.91% from the end of the previous year[3]. - The company's total liabilities decreased from CNY 116,207,222.67 to CNY 103,762,751.00 during the same period[30]. - The company's total equity decreased from CNY 931,236,452.33 to CNY 902,748,514.95, indicating a decline in shareholder value[30]. - Cash and cash equivalents at the end of the period amount to ¥92,771,853.38, compared to ¥11,142,861.14 at the end of the previous period[36]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥55,728,614.70, which is a 36.76% increase in outflow compared to the previous year[3]. - Operating cash flow for the current period is a net outflow of ¥55,728,614.70, an improvement from a net outflow of ¥88,125,400.93 in the previous period[36]. - The company received cash inflows from investment activities totaling ¥1,328,264,554.59, down from ¥1,696,969,470.28 in the previous period[36]. - The company raised ¥3,700,000.00 from new investments, compared to ¥1,050,000.00 in the previous period[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,386[12]. - The company’s major shareholder, Ningbo Gaosi Investment Co., Ltd., holds 29.72% of the shares, totaling 125,996,000 shares[13]. - The company’s major shareholders include Jiangsu Securities Co., Ltd. with 2.23% and Guo Qiyin with 2.92%[13]. - The company has not engaged in any share lending or borrowing activities among its top shareholders[13]. Corporate Governance - The company’s independent director, Wu Leiming, completed his term and resigned on February 19, 2025, with Zhang Jun being elected as his replacement[16]. - The company’s independent director, Li Yamin, resigned on March 5, 2025, and Fang Xiaomin was elected as her replacement[18]. - The company’s independent directors have been actively replaced to ensure governance continuity[16][18]. Business Developments - The company received the "High-tech Enterprise Certificate" from Ningbo Science and Technology Bureau, valid for three years, allowing a corporate income tax rate of 15%[14]. - The company completed the change of business registration, extending its operating period to "perpetual" from "June 10, 1992, to February 22, 2025"[15]. - The company plans to establish a holding subsidiary, Shenzhen Yiransi Technology Co., Ltd., with an investment of 6.5 million RMB, holding 65%[20]. - The company has agreed to dissolve the subsidiary Henan Zhongke General Electronic Information Technology Co., Ltd., to enhance operational efficiency[19]. - The company completed the acquisition of 100% equity in Zhongwei Construction (Shanghai) Development Co., Ltd. for CNY 600,000, which has qualifications for electronic and intelligent engineering contracting[25]. - The company signed an agreement to acquire 70% of Shenzhen Taiheng Optoelectronics Co., Ltd. for CNY 17.5 million, with the transaction completed on October 10, 2025[26]. - The company agreed to transfer its entire 51% stake in Beijing Yuqian Information Technology Co., Ltd. to Ningbo GQY Video Technology Co., Ltd. on June 5, 2025, following a board meeting on May 12, 2025[22]. - The company plans to invest CNY 2.04 million to hold a 51% stake in Shanghai Yujian Guanghai Cultural Technology Co., Ltd. as part of a joint venture with Hangzhou Guowen Qiyu Cultural Technology Co., Ltd. and Shanghai Guanghai Wuchuang High-tech Co., Ltd.[21]. Inventory and Costs - Inventory increased by 85.97% to ¥63,039,899.96, attributed to increased stocking in response to orders[10]. - Total operating costs for the current period are ¥101,012,271.67, down 11.8% from ¥114,487,020.93 in the previous period[31]. - Research and development expenses for the current period are ¥4,504,367.04, down 20.9% from ¥5,693,182.66 in the previous period[32]. - The company's inventory increased from CNY 33,897,277.65 to CNY 63,039,899.96, reflecting a 85.5% increase in stock levels[29]. - The company reported a net loss of CNY 64,337,952.41 in retained earnings, compared to a loss of CNY 32,773,488.83 at the beginning of the period[30].

Group 1 - The core point of the article is that GQY Vision (300076) confirmed its independent business operations and management capabilities in response to investor inquiries [1] - The controlling shareholder of the company is Ningbo Gaosi Investment Co., Ltd [1]

Core Viewpoint - GQY Vision (300076.SZ) confirmed that Mr. Guo Qiyin is currently not holding any position in the company [2] Company Information - GQY Vision responded to an investor inquiry on the interactive platform regarding the current status of Mr. Guo Qiyin [2]

Group 1 - Sanfu Co., Ltd. (603938.SH) reported that the revenue from storage chips accounts for less than 1% of its total operating income [1] - Ningde Times (300750.SZ) achieved a net profit of 18.549 billion yuan in the third quarter, representing a year-on-year growth of 41.21% [1] - China Shipbuilding (600150.SH) expects a year-on-year increase of 104.30% in net profit for the first three quarters, reaching 12.639 billion yuan [2] - iFlytek (002230.SZ) reported a year-on-year growth of 202.4% in net profit for the third quarter [2] Group 2 - Yucai Resources (002998.SZ) plans to invest 150 million yuan in the construction of a composite new materials production base project [1] - Dashi Intelligent (002421.SZ) won a smart transportation project contract worth 96 million yuan [1] - GQY Vision (300076.SZ) is acquiring 70% of Taihen Optoelectronics [1] - Dongtu Technology (300353.SZ) intends to purchase 100% of Gaoweike's equity and raise matching funds, leading to a stock suspension [1] - Changhong Huayi (000404.SZ) has repurchased 1.03% of its shares [1] - Junsheng Electronics (600699.SH) has a subsidiary that recently secured a project for automotive intelligent electrification [2] - Jinxinno (300252.SZ) plans to raise no more than 292 million yuan through a private placement for the expansion of data center high-speed interconnection products [2]

Core Insights - The optical and optoelectronic sector increased by 1.57% on October 21, with Huashu Holdings leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Sector Performance - Huashu Holdings (000509) closed at 3.45, with a rise of 9.87% and a trading volume of 794,300 shares, totaling a transaction value of 268 million yuan [1] - Zhouming Technology (300232) closed at 7.87, up 8.10%, with a trading volume of 850,800 shares, totaling 662 million yuan [1] - Dongtian Micro (301183) closed at 103.50, increasing by 7.86%, with a trading volume of 106,100 shares, totaling 1.066 billion yuan [1] - Aolide (688378) closed at 25.74, up 7.52%, with a trading volume of 109,200 shares, totaling 278 million yuan [1] - Weida Optoelectronics (920001) closed at 21.59, increasing by 6.20%, with a trading volume of 29,900 shares, totaling 63.67 million yuan [1] Fund Flow Analysis - The optical and optoelectronic sector experienced a net outflow of 134 million yuan from institutional funds, while retail investors saw a net inflow of 415 million yuan [2] - The overall trend indicates a mixed sentiment among different types of investors within the sector [2]

Core Viewpoint - GQY Vision has acquired a 70% stake in Shenzhen Taiheng Optoelectronics for 17.5 million yuan to enhance its strategic positioning in the large-screen display sector and improve operational efficiency [1][4]. Group 1: Transaction Details - The acquisition involves purchasing shares from shareholders Cha Changchun, Cha Xiaogang, and Gu Yongqiang, with the transaction completed on October 10, 2025 [1]. - The total consideration for the acquisition is 17.5 million yuan, corresponding to 3.5 million shares of Taiheng Optoelectronics [1]. - The transaction was funded using the company's own funds and is not expected to adversely affect its financial status [4]. Group 2: Company Overview - Taiheng Optoelectronics, established in 2014, specializes in the R&D, production, and sales of LED display products, with a registered capital of 5 million yuan [2]. - The company offers a diverse range of LED display products applicable in various sectors, including advertising, stage performances, and education [2]. Group 3: Financial Performance - In 2024, Taiheng Optoelectronics reported audited revenues of 67.93 million yuan and a net profit of 3.23 million yuan [3]. - For the first half of 2025, the company achieved revenues of 34.12 million yuan and a net profit of 4.15 million yuan, surpassing the total revenue of the previous year [2][3]. - As of June 30, 2025, Taiheng Optoelectronics had total assets of 72.54 million yuan, total liabilities of 62.96 million yuan, and a debt-to-asset ratio of 86.8% [2][3]. Group 4: Performance Commitments - The original shareholders have committed to performance targets, ensuring that Taiheng Optoelectronics achieves a minimum revenue of 65 million yuan in 2025 and progressively increasing targets through 2028 [4]. - If the cumulative net profit over three years does not reach 9 million yuan, the sellers must compensate the difference in cash [4].

Group 1 - GQY Vision has signed an equity transfer agreement to acquire 70% of Shenzhen Taiheng Optoelectronics Co., Ltd. for a total consideration of 17.5 million yuan [1] - The acquisition involves purchasing shares from three shareholders: Cha Changchun (33.60%), Cha Xiaogang (33.60%), and Gu Yongqiang (2.80%) [1] - The transaction has been completed with the necessary business registration changes finalized by October 10, 2025 [1] Group 2 - Taiheng Optoelectronics is a high-tech enterprise specializing in the R&D, design, production, sales, and service of LED display products [2] - The company offers a diverse range of LED display products suitable for various applications, including outdoor and indoor displays, rental models, and fixed installations [2] - Its products are widely used in advertising, stage performances, conference collaboration, and various sectors such as healthcare, culture, and education [2]