证券代码：300139 证券简称：晓程科技 公告编号：2025-025 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 北京晓程科技股份有限公司（以下简称"公司"）第九届董事会第三次会议于 2025 年 10 月 28 日（星期二）在公司会议室以现场结合通讯的方式召开。会议通知已于 2025 年 10 月 17 日通过邮件的方式送达各位董事。本次会议应出席董事 9 人，实际出席董事 9 人。 本次会议由公司董事长程毅先生主持，本次会议的召开符合《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 1.审议通过《关于公司 2025 年第三季度报告的议案》。 具体内容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn）的《2025 年 第三季度报告》（公告编号：2025-026）。 公司董事会审计委员会已审议通过了该议案中的财务信息部分。 表决结果：9 票同意，0 票反对，0 票弃权。 三、备查文件 北京晓程科技股份有限公司 第九届董事会第三次会议决议公告 2. 北京晓程科技股 ...

Core Insights - The company reported a third-quarter revenue of 160 million yuan, representing a year-on-year increase of 52.03% [1] - The net profit for the third quarter was 34.35 million yuan, showing a year-on-year growth of 64.91% [1] - For the first three quarters, the total revenue reached 379 million yuan, reflecting a year-on-year increase of 59.66% [1] - The net profit for the first three quarters amounted to 76.80 million yuan, with an impressive year-on-year growth of 88.94% [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥160,429,930.54, representing a 52.03% increase year-over-year[5] - Net profit attributable to shareholders for the same period was ¥34,351,576.85, up 64.91% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥25,867,534.50, reflecting a significant increase of 134.20% year-over-year[5] - The company's basic earnings per share for Q3 2025 was ¥0.13, marking a 62.50% increase year-over-year[5] - The weighted average return on equity was 6.20%, an increase of 1.98% compared to the previous year[5] - The company reported a 59.66% increase in total revenue for the first nine months of 2025, amounting to ¥378,567,753.94[12] - Net profit for the current period was ¥103,100,426.24, representing a 66.6% increase from ¥61,810,244.55 in the previous period[23] - Earnings per share (EPS) for the current period was ¥0.28, compared to ¥0.15 in the previous period, reflecting an increase of 86.7%[23] Cash Flow and Liquidity - Cash flow from operating activities showed a remarkable increase of 1,027.54%, totaling ¥167,699,521.04[5] - The cash flow from operating activities for the first nine months of 2025 was ¥167,699,521.04, a significant increase from ¥14,873,010.40 in the same period last year[13] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[22] - Operating cash flow for the current period reached ¥167,699,521.04, a significant increase from ¥14,873,010.40 in the previous period, representing an increase of approximately 1,030%[25] - Total cash inflow from operating activities was ¥456,957,983.27, compared to ¥235,070,882.14 in the previous period, indicating a growth of about 94%[25] - Cash outflow from operating activities totaled ¥289,258,462.23, up from ¥220,197,871.74, reflecting an increase of approximately 31%[25] - The net increase in cash and cash equivalents for the period was ¥166,895,880.62, compared to ¥9,734,859.42 in the previous period, marking a substantial increase[26] - The ending balance of cash and cash equivalents stood at ¥547,962,906.45, up from ¥353,548,204.86 in the previous period, indicating a growth of approximately 55%[26] - The company received cash from sales of goods and services amounting to ¥424,220,017.07, a significant rise from ¥225,833,602.75 in the previous period, representing an increase of about 88%[25] - The company reported a cash inflow of ¥3,671,661.28 from tax refunds, compared to ¥3,150,439.74 in the previous period, reflecting an increase of approximately 17%[25] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,455,262,159.53, a 14.74% increase from the end of the previous year[5] - Total assets increased to ¥1,455,262,159.53, up from ¥1,268,258,753.38, marking a growth of 14.7%[21] - Total liabilities rose to ¥263,278,094.19, compared to ¥211,484,583.37 in the previous period, an increase of 24.5%[21] - The company's total equity reached ¥1,191,984,065.34, up from ¥1,056,774,170.01, indicating a growth of 12.8%[21] - The company reported a total current assets of ¥707,226,060.98, up from ¥594,470,628.50, an increase of 19.0%[19] - Cash and cash equivalents increased to ¥569,974,651.78 from ¥394,976,351.57, representing a growth of 44.3%[19] - Accounts receivable decreased to ¥44,373,804.33 from ¥91,714,088.29, a decline of 51.6%[19] - Inventory decreased to ¥63,928,448.76 from ¥69,650,352.10, a reduction of 8.3%[19] - Non-current assets include long-term equity investments of ¥46,695,748.61, up from ¥20,620,225.52, an increase of 126.5%[19] - The company has a goodwill of ¥7,194,514.79, slightly down from ¥7,278,453.33, a decrease of 1.2%[19] - Deferred tax assets increased to ¥39,303,376.89 from ¥29,325,656.85, an increase of 34.1%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 63,254[15] - The largest shareholder, Cheng Yi, holds 19.25% of shares, totaling 52,735,200 shares[15] - The top 10 shareholders hold a significant portion of shares, with the largest institutional investor being China Agricultural Bank[15] Operating Costs and Expenses - Total operating costs amounted to ¥249,105,969.90, up 31.1% from ¥189,906,686.21 in the prior period[22] - The company experienced a 266.92% increase in financial expenses, primarily due to changes in exchange rate gains and losses[12] - Research and development expenses were ¥2,856,261.96, slightly up from ¥2,846,402.21, indicating continued investment in innovation[22] Future Plans - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[22] Audit Status - The company has not audited its third-quarter financial report[27]

Core Points - The precious metals sector increased by 1.34% on October 27, with Chifeng Jilong Gold Mining leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Summary by Category Stock Performance - Chifeng Jilong Gold Mining (code: 6009888) closed at 29.76, up 3.05% with a trading volume of 699,800 shares and a transaction value of 2.083 billion yuan [1] - Zhongjin Gold (code: 600489) closed at 22.93, up 2.69% with a trading volume of 855,000 shares and a transaction value of 1.941 billion yuan [1] - Other notable performers include: - Xiaocheng Technology (code: 300139) closed at 25.26, up 1.90% [1] - Hunan Gold (code: 002155) closed at 20.42, up 1.44% [1] - Hengbang Shares (code: 002237) closed at 13.22, up 1.15% [1] Capital Flow - The precious metals sector experienced a net outflow of 341 million yuan from institutional investors and 147 million yuan from retail investors, while retail investors saw a net inflow of 489 million yuan [3][4] - Specific stock capital flows include: - Zhongjin Gold had a net outflow of 94.64 million yuan from institutional investors [4] - Hunan Gold saw a net inflow of 57.69 million yuan from institutional investors [4] - Sichuan Gold experienced a net outflow of 34.75 million yuan from institutional investors [4] ETF Information - The gold stock ETF (code: 159562) tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index and has seen a decline of 6.79% over the past five days [6] - The ETF's current price-to-earnings ratio is 24.06, with a recent reduction in shares by 27 million to a total of 1.31 billion shares, and a net inflow of 9.289 million yuan from institutional investors [6]

Core Insights - The precious metals sector experienced a decline of 1.08% on October 24, with Hunan Silver leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Precious Metals Sector Performance - Hunan Silver closed at 6.40, down 2.59%, with a trading volume of 1.35 million shares and a transaction value of 867 million [2] - Other notable declines include: - Shandong Gold down 1.11% to 36.50 with a transaction value of 1.14 billion [2] - Hunan Gold down 0.74% to 20.13 with a transaction value of 917 million [2] - The only gain in the sector was seen in Chifeng Gold, which rose 0.35% to 28.88 with a transaction value of 1.17 billion [2] Capital Flow Analysis - The precious metals sector saw a net outflow of 1.026 billion from institutional investors, while retail investors contributed a net inflow of 1.101 billion [3] - Key stocks with significant capital flow include: - Hunan Silver with a net outflow of 134 million from institutional investors [3] - Shandong Gold with a net outflow of 142 million [3] - Chifeng Gold with a net outflow of 644 million [3]

Core Insights - On October 23, Xiaocheng Technology's stock increased by 0.60%, with a trading volume of 834 million yuan [1] - The company reported a financing buy-in of 86.71 million yuan and a net financing outflow of 3.52 million yuan on the same day [1] - As of October 23, the total margin balance for Xiaocheng Technology was 625 million yuan, accounting for 9.12% of its market capitalization [1] Financing Summary - On October 23, Xiaocheng Technology had a financing buy-in of 86.71 million yuan, with a current financing balance of 625 million yuan, which is above the 90th percentile of the past year [1] - The company had no short selling activity on October 23, with a short selling balance of 0.00 yuan, indicating a high level of demand for its shares [1] Business Performance - As of September 30, Xiaocheng Technology had 63,300 shareholders, an increase of 17.90% from the previous period, while the average number of circulating shares per person decreased by 15.18% [2] - For the first half of 2025, the company achieved a revenue of 218 million yuan, representing a year-on-year growth of 65.78%, and a net profit attributable to shareholders of 42.45 million yuan, up 114.20% year-on-year [2] Dividend and Shareholding - Since its A-share listing, Xiaocheng Technology has distributed a total of 99.74 million yuan in dividends, with no dividends paid in the last three years [3] - As of June 30, 2025, the second-largest circulating shareholder was the Gold ETF (517520), holding 2.47 million shares, an increase of 590,000 shares from the previous period [3]

Core Viewpoint - The precious metals sector experienced a decline of 0.55% on October 23, with Zhaojin Gold leading the drop. Meanwhile, the Shanghai Composite Index and Shenzhen Component Index both saw a slight increase of 0.22% [1]. Group 1: Market Performance - The closing prices and performance of key stocks in the precious metals sector showed varied results, with Hunan Silver rising by 1.70% to 6.57 and Zhaojin Gold falling by 4.37% to 12.47 [1][2]. - The trading volume for Hunan Silver reached 1.8258 million shares, with a transaction value of 1.17 billion yuan, while Zhaojin Gold had a trading volume of 713,600 shares and a transaction value of 896 million yuan [1][2]. Group 2: Capital Flow - The precious metals sector saw a net outflow of 882 million yuan from major funds, while retail investors contributed a net inflow of 687 million yuan [2][3]. - Zhaojin Gold experienced a significant net outflow of 166 million yuan from major funds, accounting for 18.46% of its total capital [3].

Core Viewpoint - The company, Xiaocheng Technology, addressed investor inquiries regarding its electronic detonator business, indicating that relevant information can be found in its disclosed periodic reports [2] Summary by Category - **Company Information** - Xiaocheng Technology responded to investor questions on October 22, highlighting the availability of information about its electronic detonator business in its periodic reports [2]

Core Viewpoint - The recent sharp decline in gold prices has triggered significant reactions in the market, affecting both stock prices of gold-related companies and consumer behavior in the retail gold market [2][3][4]. Market Reaction - On October 22, A-share gold stocks experienced a collective drop, with companies like Hunan Silver and Shengda Resources hitting the daily limit down, while others like Xiaocheng Technology and Zhaojin Gold fell over 9% [3]. - The precious metals sector became the largest declining sector in A-shares that day, with the three major indices collectively falling and trading volume decreasing by 202.4 billion yuan compared to the previous day [3]. Retail Market Adjustment - The domestic gold retail market saw a significant adjustment, with major jewelry brands reducing their gold prices sharply. For instance, Chow Tai Fook's gold price dropped by 57 yuan to 1235 yuan per gram, while Lao Miao Gold saw a decrease of 83 yuan to 1211 yuan per gram [3]. - Despite the price drop, there was an increase in consumer purchases, with many taking advantage of lower prices to buy gold jewelry [4]. Factors Behind Price Drop - Analysts attribute the recent volatility in gold prices to a combination of technical corrections after a rapid increase, easing geopolitical tensions in Eastern Europe, and potential resolutions to the U.S. government shutdown crisis [5]. - The rapid rise in gold prices had created an overheated market, leading to profit-taking by institutions, which further accelerated the price decline [5]. Long-term Outlook - Despite the short-term price drop, several international investment banks remain optimistic about the future of gold prices. HSBC forecasts that gold's upward momentum could continue until 2026, with a target price of $5000 per ounce [6]. - Long-term bullish sentiment on gold remains intact, driven by concerns over U.S. fiscal deficits and the weakening of the dollar, positioning gold as a hedge against these risks [6].

Core Viewpoint - The A-share gold stocks experienced a significant decline following a sharp drop in international gold prices, marking the largest single-day drop since April 2013 [1] Group 1: Market Reaction - On October 22, A-share gold stocks collectively plummeted, with Hunan Silver and Shengda Resources hitting the daily limit down, while companies like Xiaocheng Technology, Zhaojin Gold, and Western Gold fell over 9% [1] - Other notable declines included Zhongjin Gold and Shanjin International dropping over 8%, and Chifeng Gold and Shandong Gold falling over 7% [1] Group 2: International Gold Price Movement - On October 21, international gold prices experienced a sharp decline, with spot gold prices falling below $4,100 per ounce, reaching a low of $4,080.87 per ounce, representing a drop of 6.3% [1] - This decline marked the largest single-day drop in gold prices since April 2013 [1] Group 3: Silver Price Impact - Silver prices also saw a significant drop, with intraday declines exceeding 8%, falling below $48 per ounce [1] Group 4: Domestic Gold Jewelry Price Adjustment - Following the international price drop, domestic gold jewelry prices were significantly reduced on October 22, with Chow Tai Fook's gold jewelry priced at 1,235 RMB per gram, down 57 RMB from the previous day [1] - Other reductions included Chow Sang Sang's gold jewelry at 1,238 RMB per gram (down 51 RMB) and Laomiao Gold's jewelry at 1,211 RMB per gram (down 83 RMB) [1]