Core Insights - A total of 13 companies released their Q3 2025 financial reports on October 17, with 10 companies reporting year-on-year profit growth and 11 companies showing revenue growth [1] Company Performance Summary - **仕佳光子**: Reported earnings per share of 0.6631, net profit of 29,971.78 million, a year-on-year increase of 727.74%, and revenue of 156,043.74 million, up 113.96% [1] - **华东数控**: Earnings per share of 0.0800, net profit of 2,312.18 million, a year-on-year increase of 151.78%, but revenue decreased by 3.21% to 24,883.19 million [1] - ***ST聆达**: Reported a loss with earnings per share of -0.4780, net loss of 12,791.70 million, but revenue increased by 83.47% to 8,909.23 million [1] - **藏格矿业**: Earnings per share of 1.7566, net profit of 275,080.14 million, a year-on-year increase of 47.26%, and revenue of 240,144.68 million, up 3.35% [1] - **春风动力**: Earnings per share of 9.2900, net profit of 141,536.95 million, a year-on-year increase of 30.89%, and revenue of 1,489,633.24 million, up 30.10% [1] - **福耀玻璃**: Earnings per share of 2.7100, net profit of 706,385.42 million, a year-on-year increase of 28.93%, and revenue of 3,330,190.79 million, up 17.62% [1] - **民士达**: Earnings per share of 0.6200, net profit of 9,117.17 million, a year-on-year increase of 28.88%, and revenue of 34,335.35 million, up 21.77% [1] - **天安新材**: Earnings per share of 0.3240, net profit of 9,753.97 million, a year-on-year increase of 21.47%, and revenue of 227,340.62 million, up 3.47% [1] - **国邦医药**: Earnings per share of 1.2100, net profit of 67,024.26 million, a year-on-year increase of 15.78%, and revenue of 446,988.44 million, up 1.17% [1] - **佛燃能源**: Earnings per share of 0.3200, net profit of 49,030.67 million, a year-on-year increase of 6.07%, and revenue of 2,350,147.41 million, up 5.38% [1] - **康华生物**: Earnings per share of 1.4553, net profit of 18,911.07 million, a year-on-year decrease of 53.41%, and revenue decreased by 20.78% to 84,006.26 million [1] - **茂硕电源**: Reported a loss with earnings per share of -0.1624, net loss of 5,792.09 million, and revenue increased by 2.95% to 94,519.57 million [1] - **博世科**: Reported a loss with earnings per share of -0.4000, net loss of 21,224.60 million, but revenue increased by 27.10% to 151,235.47 million [1]

Group 1 - The core point of the article is that *ST Lingda held its 29th meeting of the sixth board of directors on October 16, 2025, to review the Q3 2025 report and other documents [1] - For the first half of 2025, *ST Lingda's revenue composition was as follows: EPC engineering business accounted for 84.73%, photovoltaic power generation business accounted for 13.84%, and other businesses accounted for 1.43% [1] - As of the time of reporting, *ST Lingda's market capitalization was 3 billion yuan [1]

智通财经APP讯，*ST聆达(300125.SZ)发布2025年三季度报告，该公司前三季度营业收入为8909.23万 元，同比增长83.47%。归属于上市公司股东的净亏损为1.28亿元。归属于上市公司股东的扣除非经常性 损益的净亏损为1.12亿元。基本每股亏损为0.478元。 ...

Core Insights - *ST Lingda (300125.SZ) reported a significant increase in revenue for the first three quarters of 2025, reaching 89.09 million yuan, which represents a year-on-year growth of 83.47% [1] - The company recorded a net loss attributable to shareholders of 128 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 112 million yuan [1] - The basic loss per share was 0.478 yuan [1]

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-100 董事会 聆达集团股份有限公司 2025 年 10 月 17 日 关于2025年第三季度报告披露的提示性公告 公司2025年第三季度报告于2025年10月17日在中国证监会指定的创业板 信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬请广大投 资者注意查阅。 特此公告。 聆达集团股份有限公司 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。 聆达集团股份有限公司（以下简称：公司）于2025年10月16日召开第六 届董事会第二十九次会议、第六届监事会第二十四次会议，审议通过了《2025 年第三季度报告》。 ...

证券代码：300125 证券简称：*ST 聆达 公告编号：2025-099 聆达集团股份有限公司 第六届监事会第二十四次会议决议公告 一、审议通过了《2025 年第三季度报告》 经审核，监事会认为：聆达集团股份有限公司2025年第三季度报告的编制和 审议程序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整 地反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 本议案经表决，以 3 票同意，0 票反对，0 票弃权获得通过。 特此公告。 聆达集团股份有限公司 2025 年 10 月 17 日 本公司及监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。 聆达集团股份有限公司（以下简称：公司）在全资子公司金寨嘉悦新能源科 技有限公司会议室召开第六届监事会第二十四次会议。本次会议通知于2025年10 月13日以电子邮件、微信等方式送达，会议于2025年10月16日上午以现场与通讯 表决相结合的方式召开。本次会议应出席监事3人，实际出席监事3人。本次会议 的召集和召开符合《中华人民共和国公司法》及《公司章程》的有关规定。 本次会议由监事会主席刘艳女士 ...

聆达集团股份有限公司 证券代码：300125 证券简称：*ST 聆达 公告编号：2025-098 董事会认为：聆达集团股份有限公司 2025 年第三季度报告的编制和审议程 序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映 了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 本议案经表决，以 9 票同意，0 票反对，0 票弃权获得通过。 第六届董事会第二十九次会议决议公告 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。 聆达集团股份有限公司（以下简称：公司）在全资子公司金寨嘉悦新能源科 技有限公司会议室召开第六届董事会第二十九次会议。本次会议通知于2025年10 月13日以电子邮件、微信等通讯方式送达，会议于2025年10月16日上午以现场与 通讯表决相结合的方式召开。本次会议应出席董事9人，实际出席董事9人，其中 独立董事3人。本次会议的召集和召开符合《中华人民共和国公司法》及《公司 章程》的有关规定。 本次会议由董事长金永峰先生主持，经与会董事认真审议，形成如下决议： 一、审议通过了《2025 年第三季度报告》 本议案在 ...

聆达集团股份有限公司 2025 年第三季度报告 证券代码：300125 证券简称：*ST 聆达 公告编号：2025-101 聆达集团股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 ☑否 1 聆达集团股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | | 比上年同期增减 | | | 营业收入（元） | 29,162,388.76 | 111.37% | ...

Market Overview - The electricity sector increased by 0.42% compared to the previous trading day, with Shanghai Electric leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Shanghai Electric (600021) closed at 24.23, up 9.99% with a trading volume of 1.8894 million shares and a transaction value of 4.35 billion [1] - Other notable performers include: - Suihengyun A (000531) at 6.86, up 9.94% [1] - ST Yinda (300125) at 10.93, up 8.11% [1] - Shimao Energy (605028) at 27.43, up 6.90% [1] - Jiantou Energy (000600) at 8.83, up 5.12% [1] Fund Flow Analysis - The electricity sector saw a net inflow of 51.26 million from institutional investors, while retail investors contributed a net inflow of 101 million [2] - Notable net inflows from major stocks include: - Shanghai Electric with a net inflow of 441 million [3] - Huaneng International (600011) with a net inflow of 70.87 million [3] - Suihengyun A with a net inflow of 50.87 million [3] Declining Stocks - Some stocks in the electricity sector experienced declines, including: - Changqing Group (002616) down 3.99% to 6.25 [2] - Zhonglv Electric (000537) down 3.95% to 9.00 [2] - Huaguang Huaneng (600475) down 1.95% to 16.55 [2]

Investment Rating - The report maintains an "Overweight" rating for the utility sector [1]. Core Insights - The report highlights the orderly promotion of green electricity direct connection development in Shandong and the official commercial operation of the "Ningdian into Hunan" project, which enhances electricity supply capacity [5][10]. - It suggests focusing on investment opportunities in hydropower and thermal power during the peak summer season, recommending specific companies for investment [2]. - The report emphasizes the growth potential of nuclear power, with multiple approvals for new units, and the recovery of asset quality in green energy [2][5]. Summary by Sections 1. Market Review - The SW utility index increased by 3.45% during the week of October 6-10, 2025, with notable gains in various sub-sectors such as thermal power and gas [10]. - The top-performing stocks included Dazhong Public Utilities (+21.1%) and Shanghai Electric (+18.7%) [10]. 2. Electricity Sector Tracking 2.1. Electricity Consumption - Total electricity consumption from January to July 2025 reached 5.86 trillion kWh, a year-on-year increase of 4.5%, with growth in all sectors [14]. 2.2. Power Generation - Cumulative power generation for the same period was 5.47 trillion kWh, reflecting a 1.3% year-on-year increase, with varying performance across different energy sources [22]. 2.3. Electricity Prices - The average electricity purchase price in June 2025 was 389 RMB/MWh, down 1% year-on-year and 1.3% month-on-month [35]. 2.4. Thermal Power - As of October 10, 2025, the price of thermal coal was 705 RMB/ton, a decrease of 17.92% year-on-year [43]. 2.5. Hydropower - The Three Gorges Reservoir's water level was normal, with inflow and outflow rates significantly higher than previous years [54]. 2.6. Nuclear Power - Eleven new nuclear units were approved in 2024, indicating a positive growth trajectory for the sector [2]. 3. Key Announcements - The report includes significant announcements related to the development of green electricity projects and the operational status of major power transmission projects [5].