关于收到执行裁定书暨重大仲裁的进展公告 证券代码：300198 证券简称：ST 纳川 公告编号：2025-125 福建纳川管材科技股份有限公司 关于收到执行裁定书暨重大仲裁的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1. 案件所处的仲裁阶段：执行。 2. 公司所处的当事人地位：被执行人。 3. 涉案金额：81,272,844.23 元（2025 年 4 月 4 日起至实际清偿之日止的 利息、罚息、复利按《授信额度协议》约定计算，具体金额以实际处理时为准， 暂未计算在内）。 4. 对公司损益产生的影响：根据执行通知书，履行交纳欠款、迟延履行的 债务利息及执行费的义务，具体会计处理和影响情况以公司年度审计报告为准。 一、本次执行事项的基本情况 的[2025]泉仲南字 475 号裁决文书向法院申请执行。2025 年 9 月 19 日，公司收 到厦门市思明区人民法院送达的《执行通知书》（（2025）闽 0203 执 15987 号）。 具体内容详见公司于 2025 年 9 月 22 日披露在巨潮资讯网的《关于收到执行通知 书暨重大仲裁的 ...

Group 1 - The core point of the article is that ST Nanchuan held its 31st meeting of the 5th board of directors on October 22, 2025, to review the proposal for the third quarter report of 2025 [1] - For the year 2024, ST Nanchuan's revenue composition is as follows: pipe sales account for 32.28%, products or services related to new energy vehicles account for 22.89%, engineering service revenue accounts for 20.84%, trade accounts for 16.46%, and operation and maintenance repair accounts for 7.53% [1] - As of the time of reporting, ST Nanchuan has a market capitalization of 2.3 billion yuan [1] Group 2 - The article mentions that Chinese innovative drugs have sold overseas licenses worth 80 billion USD this year, highlighting the hot secondary market in biomedicine [1] - A dialogue with Lu Gang, a partner at Chuangdong Investment, indicates that while the secondary market is thriving, the primary market is facing challenges in fundraising [1]

Group 1 - The core point of the article is that ST Nanchuan (300198.SZ) reported a significant decline in revenue and incurred a net loss in the third quarter [1] Group 2 - For the first three quarters, the company reported an operating income of 57.92 million yuan, representing a year-on-year decrease of 55.71% [1] - The net loss for the period was 108 million yuan, with a non-recurring net loss of 89.8 million yuan [1] - The basic earnings per share were reported at -0.1050 yuan [1]

Core Insights - ST Nanchuan reported a significant decline in revenue and net profit for the first three quarters of 2025, with total revenue at 57.93 million yuan, down 55.71% year-on-year, and a net loss of 108 million yuan, a decrease of 33.30% year-on-year [1][2] Financial Performance - The basic earnings per share for the reporting period was -0.10 yuan, with a weighted average return on equity of -148.88% [2] - The company's gross margin for the first three quarters was 25.14%, an increase of 9.98 percentage points year-on-year, while the net margin was -191.69%, a decline of 127.81 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 19.43%, up 0.10 percentage points year-on-year but down 12.65% quarter-on-quarter; the net margin was -146.61%, down 14.08% year-on-year but up 31.26% from the previous quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 42.04 million yuan, an increase of 2.43 million yuan year-on-year, with an expense ratio of 72.58%, up 42.29 percentage points year-on-year [2] - Sales expenses decreased by 27.26% year-on-year, while management expenses remained nearly unchanged, R&D expenses decreased by 19.30%, and financial expenses increased by 76.60% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 24,600, a decrease of 3,422 or 12.20% from the end of the previous half [3] - The average market value per shareholder decreased from 96,300 yuan to 95,900 yuan, a decline of 0.46% [3] Company Overview - Fujian Nanchuan Pipe Technology Co., Ltd. was established on June 11, 2003, and listed on April 7, 2011; its main business includes the R&D, manufacturing, and sales of drainage pipes, pipeline repair, engineering services, and new energy vehicle-related products [3] - The revenue composition is as follows: pipe sales 42.65%, new energy vehicle-related products or services 39.30%, and operation and maintenance repair 23.24% [3] - The company is classified under the building materials industry, specifically in the pipe sector, and is associated with concepts such as shared vehicles, ST stocks, small-cap stocks, and autonomous driving [3]

关于全资子公司签订建设工程施工合同的公告 证券代码：300198 证券简称：ST 纳川 公告编号：2025-123 福建纳川管材科技股份有限公司 关于全资子公司签订建设工程施工合同的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 福建纳川管材科技股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召开第五届董事会第三十一次会议，审议通过了《关于全资子公司签订建设工 程施工合同的议案》，近日，公司全资子公司福建万润新能源科技有限公司（以 下简称"福建万润"）拟与榕消建设集团有限公司签订《建设工程施工合同》， 暂定合同价款 17991250.00 元。 根据《深圳证券交易所创业板股票上市规则》及《公司章程》的规定，本事 项在公司董事会审批权限范围内，无需股东会审议。本合同不构成关联交易，不 构成《上市公司重大资产重组管理办法》规定的重大资产重组。现将有关内容公 告如下： 一、交易对方的基本情况 企业名称：榕消建设集团有限公司 企业类型：有限责任公司（自然人投资或控股） 法定代表人：金钗 统一社会信用代码：91350100MA322UY460 ...

第五届监事会第二十二次会议决议公告 证券代码：300198 证券简称：ST 纳川 公告编号：2025-122 福建纳川管材科技股份有限公司 第五届监事会第二十二次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 1 本次监事会通知于 2025 年 10 月 11 日以电子邮件形式发出。 2 本次监事会于 2025 年 10 月 22 日在公司总部 5 楼会议室召开，会议以现 场表决方式召开。 3 本次监事会应出席监事 3 人，实际出席监事 3 人。 4 本次监事会由监事会主席林惠霞女士主持，公司董事会秘书列席了会议。 5 本次会议的召开和表决程序符合《中华人民共和国公司法》等法律法规和 《公司章程》的有关规定。 二、监事会会议审议情况 1. 审议通过《关于<2025 年第三季度报告>的议案》 具体内容详见同日刊载于巨潮资讯网(http://www.cninfo.com.cn)的《2025 年第三季度报告》。 表决情况：同意 3 人，占有表决权监事人数的 100%，无弃权和反对票。 三、备查文件 1. 第五届监事会第二十二次会 ...

第五届董事会第三十一次会议决议公告 证券代码：300198 证券简称：ST 纳川 公告编号：2025-121 4. 本次董事会由董事长陈志江先生主持，公司监事、高级管理人员列席了 会议。 5. 本次董事会的召开和表决程序符合《中华人民共和国公司法》等法律法 规和《公司章程》的有关规定。 二、董事会会议审议情况 1. 审议通过《关于〈2025 年第三季度报告〉的议案》 福建纳川管材科技股份有限公司 第五届董事会第三十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1. 本次董事会通知于 2025 年 10 月 11 日以电子邮件形式发出。 2. 本次董事会于 2025 年 10 月 22 日在公司总部 5 楼会议室召开，会议以通 讯方式召开。 3. 本次董事会应出席董事 5 人，实际出席董事 5 人。 经审议，董事会认为：《2025 年第三季度报告》内容真实、准确、完整地 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 本议案已经审计委员会审议通过。 具体内容详见同日刊载于巨潮资讯网(http://ww ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥22,392,072.26, a decrease of 31.54% compared to the same period last year[5] - The net profit attributable to shareholders was -¥31,694,687.57, representing a 22.31% increase in losses year-over-year[5] - The net profit after deducting non-recurring gains and losses was -¥24,069,527.91, a decrease of 48.05% compared to the previous year[5] - The company's basic and diluted earnings per share were both -¥0.0307, reflecting a 22.47% increase in losses compared to the same period last year[5] - The company reported a net loss of -¥111,043,091.85 for the first nine months, which is a 32.91% increase in losses compared to the previous year[10] - The net profit for the current period is -111,043,091.85 CNY, compared to -83,544,932.38 CNY in the previous period, indicating a significant increase in losses of approximately 33%[25] - The total profit for the current period is -103,291,915.93 CNY, which is a decline from -85,731,960.14 CNY in the previous period, reflecting a worsening financial performance[25] - The basic and diluted earnings per share for the current period are both -0.1050, compared to -0.0788 in the previous period, showing a decrease in earnings per share[26] - The company reported operating income of -84,418,400.83 CNY for the current period, compared to -59,900,139.11 CNY in the previous period, indicating a decline in operational performance[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,054,301,000.20, down 3.48% from the end of the previous year[5] - The company's total liabilities increased by 119.54% for current liabilities due to reclassification of long-term loans[9] - Total liabilities increased to ¥2,040,193,884.24, up from ¥2,003,236,870.74, reflecting a rise of 1.8%[24] - The company's equity attributable to shareholders decreased to ¥18,502,957.91 from ¥126,963,951.49, a drop of 85.4%[24] - Non-current assets totaled ¥1,189,061,389.98, a decline of 10.0% from ¥1,321,787,247.56[23] Cash Flow - The operating cash flow net amount for the year-to-date was ¥14,342,809.71, a significant decrease of 82.42%[5] - Cash flow from operating activities for the current period is 14,342,809.71 CNY, down from 81,586,466.72 CNY in the previous period, indicating a decline of approximately 83%[26] - Cash flow from investing activities for the current period is 3,602,289.49 CNY, compared to 13,609,474.92 CNY in the previous period, representing a decrease of about 73%[27] - Cash flow from financing activities shows a net outflow of -15,151,223.74 CNY, compared to -94,668,780.43 CNY in the previous period, indicating an improvement in cash flow management[27] - Cash and cash equivalents increased to ¥16,665,165.62 from ¥12,294,276.38, representing a growth of 35.5%[22] - The cash and cash equivalents at the end of the period amount to 8,981,490.52 CNY, slightly up from 8,867,304.53 CNY in the previous period[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,638[12] - The company reported a total of 7,539,700 shares held by Beijing Yuanhe Shengde Investment Co., accounting for 0.73% of total shares[13] - The top shareholder, Changjiang Ecological Environmental Protection Group Co., holds 157,662,247 shares, representing a significant portion of the company's equity[13] - The total number of shares held by the top 10 shareholders reflects a concentrated ownership structure, with significant implications for governance and control[13] - As of the end of the reporting period, the total number of restricted shares was 5,332,029, with 1,750,100 shares released from restriction during the period[16] Restructuring and Audit - The company is undergoing a pre-restructuring process, initiated by the Quanzhou Intermediate People's Court, which may impact its future operations[17] - A total of 38 potential investors have expressed interest in the company's restructuring, indicating a level of market interest[18] - The company received a qualified audit report with a "significant uncertainty related to going concern," leading to risk warnings on its stock starting April 30, 2025[20] - The company has signed a restructuring investment agreement with selected industry investors, which may provide financial support during the restructuring process[19] - The company’s stock is subject to risk warnings due to the ongoing restructuring and financial uncertainties[20] - The company has not yet received legal documents regarding its entry into the restructuring process, indicating ongoing uncertainty[19] - The company has not undergone an audit for the third quarter financial report[28]

ST纳川公告，第三季度营收为2239.21万元，同比下降31.54%；净利润亏损3169.47万元，下降22.31%。 前三季度营收为5792.99万元，同比下降55.71%；净利润亏损1.08亿元，下降33.30%。 ...

Core Viewpoint - ST Nanchuan (300198) has received a consumption restriction order from the Quanzhou Quangang District People's Court due to a financial loan contract dispute with Industrial Bank, indicating ongoing legal and financial challenges for the company [1] Group 1: Company Overview - ST Nanchuan was established in 2003 and primarily engages in the research, development, manufacturing, and sales of water supply and drainage pipes, pipeline repair, engineering services, and new energy business [1] - The company has received a qualified audit report regarding "significant uncertainties related to going concern" for the fiscal year 2024, along with a negative internal control audit report [1] Group 2: Legal Issues - The consumption restriction order affects ST Nanchuan and its subsidiaries, including Fujian Nanchuan Pipe Industry Technology Co., Ltd., and others, due to failure to fulfill obligations outlined in a legal document [1] - The company is currently in communication with relevant parties to resolve the financial loan dispute [1] Group 3: Shareholder Dynamics - Chen Zhijiang, the chairman of ST Nanchuan, has faced personal financial issues, including a high-profile divorce that resulted in the division of his shares in the company [2] - As of June 2025, Chen Zhijiang's ownership in ST Nanchuan has decreased to 0.68%, with the largest shareholders now being Changjiang Ecological Environmental Group Co., Ltd. (15.28%) and Three Gorges Capital Holdings Co., Ltd. (5.01%) [2] Group 4: Regulatory Actions - The China Securities Regulatory Commission (CSRC) has investigated Chen Zhijiang and Zhang Xiaoying for alleged stock manipulation, which resulted in a significant increase in ST Nanchuan's stock price during the manipulation period [3] - Zhang Xiaoying was ordered to pay 49.1 million yuan in illegal gains and a fine of 147 million yuan due to the manipulation activities [3]