Financial Performance - The company's revenue for Q3 2025 was ¥263,991,349.95, a decrease of 0.99% compared to the same period last year[5] - The net profit attributable to shareholders was -¥1,935,212.91, representing a decline of 122.76% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥3,637,376.32, down 149.68% from the previous year[5] - The company reported a net loss of ¥11,631,570.19, compared to a net profit of ¥18,773,581.37 in the previous period[24] - The total comprehensive loss for the period was ¥11,863,683.09, compared to a comprehensive income of ¥18,694,671.47 in the previous period[24] - The company's earnings per share (EPS) decreased to -0.0499 from 0.0495, indicating a significant decline in profitability per share[24] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥1,729,087,140.80, an increase of 3.40% compared to the end of the previous year[5] - The total liabilities increased to ¥618,428,614.76 from ¥554,295,859.29, indicating a rise in financial obligations[20] - The total equity decreased to ¥1,110,658,526.04 from ¥1,117,907,678.14, reflecting a decline in shareholder value[20] - The company’s long-term liabilities increased to ¥236,476,881.07 from ¥220,949,489.67, suggesting a growing long-term financial commitment[20] Cash Flow - The net cash flow from operating activities was -¥19,613,839.51, a decline of 109.25% compared to the same period last year[10] - Operating cash flow for the current period was -19,613,839.51 CNY, compared to -9,373,612.89 CNY in the previous period, indicating a decline in cash generation from operations[25] - Cash outflow for operating activities totaled 681,279,767.01 CNY, slightly higher than 672,928,671.57 CNY in the previous period[25] - Cash received from sales of goods and services was 640,754,204.77 CNY, a slight decrease from 643,061,966.83 CNY in the previous period[25] - Net cash flow from financing activities improved to 6,342,257.58 CNY, recovering from -69,650,829.91 CNY in the previous period[26] - Cash inflow from financing activities was 45,000,000.00 CNY, compared to 20,000,000.00 CNY in the previous period, reflecting an increase in borrowing[26] Investments - The investment income rose by 47.69% as a result of increased investment returns from joint ventures and associates[9] - Total cash inflow from investment activities increased to 361,561,963.68 CNY, up from 284,873,302.68 CNY in the previous period[26] - Net cash flow from investment activities was -24,469,074.41 CNY, a significant decrease from a positive 37,340,245.97 CNY in the previous period[26] - Total cash outflow from investment activities was 386,031,038.09 CNY, compared to 247,533,056.71 CNY in the previous period, indicating increased investment spending[26] - The company reported a cash inflow of 12,624,326.48 CNY from investment income, significantly higher than 1,949,071.68 CNY in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,042[11] - The largest shareholder, Fu Yuchen, holds 17.01% of shares, totaling 49,359,277 shares, with 10,780,000 shares pledged[11] - The company has no preferred shareholders or changes in restricted shares during the reporting period[13] - The total number of restricted shares at the end of the period is 54,303,734, with a reduction of 1,721,350 shares during the period[15] - There are no significant changes in the top ten shareholders or their shareholding status during the reporting period[12] Operational Costs - Total operating revenue for the current period reached ¥763,358,413.82, an increase from ¥739,562,738.01 in the previous period[22] - Total operating costs increased to ¥780,916,985.51 from ¥728,641,011.08, with operating costs specifically rising to ¥434,706,751.80 from ¥399,774,865.45[23] - Research and development expenses rose to ¥74,769,759.80 from ¥70,545,636.36, highlighting a continued investment in innovation[23] Financial Expenses - The company reported a significant increase in financial expenses by 65.27% due to reduced interest income from large-denomination certificates of deposit[9] - The company experienced a 169.73% increase in credit impairment losses, primarily due to higher bad debt provisions[10]

| 证券代码：300112 | 证券简称：万讯自控 | 公告编号：2025-060 | | --- | --- | --- | | 债券代码：123112 | 债券简称：万讯转债 | | 深圳万讯自控股份有限公司 为全资子公司提供担保的公告 1、基本情况 | 公司名称 | 成都安可信电子股份有限公司 | | --- | --- | | 企业类型 | 股份有限公司（非上市） | | 注册资本 | 人民币10,500万元 | | 法定代表人 | 傅晓阳 | | 成立日期 | 1998年7月22日 | | 注册地址 | 成都高新区九兴大道6号 | | --- | --- | | 经营范围 | 设计、开发、生产、销售工业、民用自动控制系统、电气信号 | | | 设备装置、各类探测器、控制器、电磁阀、阀门、防爆电器、 | | | 防爆仪器仪表及软件并提供技术服务、技术转让、技术咨询； | | | 开发、生产、销售电子产品，及其产品、设备的安装、工程施 | | | 工（凭资质许可证经营）；消防工程施工、工程设计（凭资质 | | | 许可证经营）；货物进出口及技术进出口（国家法律、行政法 | | | 规禁止的除外，法律、行 ...

| 证券代码：300112 | 证券简称：万讯自控 | 公告编号：2025-061 | | --- | --- | --- | | 债券代码：123112 | 债券简称：万讯转债 | | 深圳万讯自控股份有限公司（以下简称"公司"）根据《企业会计准则》《深 圳证券交易所上市公司自律监管指引第2号—创业板上市公司规范运作》等相关 规定，基于谨慎性原则，为了真实、准确地反映公司财务状况及资产价值，对截 至2025年9月30日合并报表范围内相关资产计提减值准备。现将具体情况公告如 下： | 项目 | 金额 | | --- | --- | | 信用减值损失（损失以"-"号填列） | -734.02 | 深圳万讯自控股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 一、2025年前三季度计提减值准备情况概述 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。 1、本次计提资产减值准备的原因 为真实反映公司截止2025年9月30日的资产状况及经营情况，根据《企业会 计准则》《深圳证券交易所上市公司自律监管指引第2号-创业板上市公司规范运 作》和公司相关会计政策等 ...

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry [6]. Core Insights - The mechanical industry is experiencing steady growth, particularly in the low-altitude economy and machinery sectors, supported by policy initiatives and technological advancements [3][4]. - The report highlights a significant increase in excavator sales, with a total of 19,858 units sold in September 2025, marking a year-on-year growth of 25.4%, including a domestic sales increase of 21.5% and an export increase of 29% [3]. Weekly Market Review - From October 13 to October 17, 2025, the Shanghai Composite Index decreased by 1.47%, while the ShenZhen Component Index and the ChiNext Index fell by 4.99% and 5.71%, respectively. The Shenwan Mechanical Equipment Index dropped by 5.84%, underperforming the CSI 300 Index by 3.62 percentage points, ranking 27th among 31 Shenwan first-level industries [11]. - Within sub-sectors, the performance varied, with general equipment down by 5.62%, specialized equipment down by 5.74%, rail transit equipment II down by 2.22%, engineering machinery down by 3.04%, and automation equipment down by 9.06% [11]. Key Sector Tracking - **Low-altitude Economy**: The Suzhou Development and Reform Commission released a dual list of capabilities and demands for the low-altitude economy, indicating strong local enterprise involvement in aircraft development and operations [3]. - **Machinery Equipment**: The report emphasizes the competitive advantage of domestic leading enterprises in both supply and demand, with a positive outlook for the engineering machinery sector [3]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huasheng Group, and Nairui Radar. In the complete machine sector, focus on Wan Feng Ao Wei, Yihang Intelligent, Zongheng Co., and Green Energy Hui Charge. Key component manufacturers include Zongshen Power, Wolong Electric Drive, Yingliu Co., and Yingboer. In air traffic management and operations, consider CITIC Heli, Zhongke Xingtu, and Sichuan Jiuzhou [4]. - In the machinery equipment sector, recommended companies include Juxing Technology, Quan Feng Holdings, and Nine Company for the export chain, and Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery [4]. Economic Data Tracking - The report tracks various economic indicators, including the manufacturing PMI and fixed asset investment completion rates, which provide insights into the overall health of the manufacturing sector [40][44].

南财智讯10月16日电，万讯自控公告，尊威贸易（深圳）有限公司于2025年10月14日至2025年10月15日 通过集中竞价方式减持公司股份6.74万股，占公司总股本的0.02%，减持后持股比例降至5.00%，不再是 公司持股比例5%以上的股东。本次权益变动不会导致上市公司控制权发生变化，不影响公司治理结构 及持续经营。未来12个月内，尊威贸易不排除继续增减持股份。 ...

| 证券代码：300112 | 证券简称：万讯自控 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：123112 | 债券简称：万讯转债 | | 深圳万讯自控股份有限公司 关于持股 5%以上股东权益变动触及 5%整数倍的提示性公告 股东尊威贸易（深圳）有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 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。 三、其他相关说明 1、本次权益变动符合《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等有关法律 法规的规定。 特别提示： 1、本次权益变动系深圳万讯自控股份有限公司（以下简称"公司"）持股 5%以上股东尊威贸易（深圳）有限公司（以下简称"尊威贸易"或"信息披露 义务人"）因资金需求减持公司股份导致其持有的公司股份比例减少至 5.00%。 2、本次权益变动不涉及要约收购，不会导致公司控股股东及实际控 ...

深圳万讯自控股份有限公司 深圳万讯自控股份有限公司 简式权益变动报告书 上市公司名称：深圳万讯自控股份有限公司 股票上市地点：深圳证券交易所 股票简称：万讯自控 股票代码：300112 信息披露义务人：尊威贸易（深圳）有限公司 住所：深圳市南山区粤海街道海德一道中洲控股金融中心 A 座 7 楼 7A-70-703S 通讯地址：深圳市南山区粤海街道海德一道中洲控股金融中心 A 座 7 楼 7A-70-703S 股份变动性质：减持股份导致持股比例变化 签署日期：2025 年 10 月 16 日 深圳万讯自控股份有限公司 信息披露义务人声明 1、 本报告书系依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的 公司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准 则 15 号》"）及其他相关法律、法规和规范性文件编制。 2、 信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 3、 依据《证券法》《收购办法》的规定，本报告书已全面披露信息披露义 务 ...

| 证券代码：300112 | 证券简称：万讯自控 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：123112 | 债券简称：万讯转债 | | 深圳万讯自控股份有限公司 关于股东股份质押的公告 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。 深圳万讯自控股份有限公司(以下简称"公司")接到公司股东傅晓阳先生的 通知，获悉其将部分股份办理了质押业务，具体情况如下： 一、股东股份质押的基本情况 | 股东 | 是否为控 股股东及 | 本次质押 | 占其所 持股份 | 占公 司总 | 是否 为限 | 是否 为补 | 质押起 | 质押到期日 | 质权人 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 其一致行 | 数量（股） | 比例 | 股本 | 售股 | 充质 | 始日 | | | 用途 | | | 动人 | | | 比例 | | 押 | | | | | | 傅晓阳 | 否 | 3,500,000 | 19. ...

Group 1 - The core point of the article is that Wanshun Control (SZ 300112) announced the release of share pledges by shareholder Fu Xiaoyang, involving 4.5 million shares, while maintaining a total of 2.34 million shares pledged, which accounts for 13.07% of his holdings [1] - As of the announcement date, Wanshun Control's market capitalization is 2.6 billion yuan [1] - For the first half of 2025, Wanshun Control's revenue composition shows that the industrial automation control sector accounts for 98.89% of total revenue, while other businesses contribute 1.11% [1]

| 证券代码：300112 | 证券简称：万讯自控 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：123112 | 债券简称：万讯转债 | | 深圳万讯自控股份有限公司 深圳万讯自控股份有限公司（以下简称"公司"）近日接到公司股东傅晓阳 先生的通知，获悉其将部分股份办理了解除质押业务，具体情况如下： 一、股东股份解除质押的基本情况 | 股东 名称 | | 是否为第一 大股东及一 | 本次解除质押 | 占其所持 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 致行动人 | 股份数量（股） | 股份比例 | 股本比例 | | | | | 傅晓阳 | | 否 | 4,500,000 | 25.13% | 1.55% | 2024/10/23 | 2025/10/09 | 上海海通证券 资产管理有限 公司 | | 合 | 计 | -- | 4,500,000 | 25.13% | 1.55% | -- | -- | | | | | | | | ...