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。 一、董事会会议召开情况 新天科技股份有限公司（以下简称"公司"）第五届董事会第十五次会议于 2025 年 10 月 23 日发出会议通知，并于 2025 年 10 月 28 日以现场结合通讯表决方式召开。 本次会议应出席董事 9 人，实际出席董事 9 人，公司监事、高级管理人员列席了本次 会议，会议由公司董事长王胜利先生主持。会议的召集、召开程序符合《公司法》、 《公司章程》及其他相关法律、法规的规定。 证券代码：300259 证券简称：新天科技 公告编号：2025-029 新天科技股份有限公司 第五届董事会第十五次会议决议公告 二、董事会会议审议情况 经与会董事认真审议，会议通过以下决议： （一）审议通过《关于公司 2025 年第三季度报告的议案》 公司董事会认为：公司 2025 年第三季度报告真实、准确、完整地反映了本报告 期的财务状况和经营成果，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：本议案以 9 票同意，0 票反对，0 票弃权获得通过。 公司董事会审计委员会已审议通过了该议案。 《 202 ...

新天科技股份有限公司 2025 年第三季度报告 证券代码：300259 证券简称：新天科技 公告编号：2025-028 新天科技股份有限公司 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 新天科技股份有限公司 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 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 271,724,769.90 | 15.90% | 718 ...

Group 1 - The event in Zhengzhou focused on stimulating mergers and acquisitions (M&A) to promote high-quality industrial development, with participation from experts, financial institutions, and industry leaders [1] - Zhengzhou has a robust financial ecosystem with 421 financial institutions, over 60 listed companies, a fund scale exceeding 90 billion, and a bond market exceeding 400 billion [1] - Key industries in Zhengzhou include equipment manufacturing, biomedicine, modern food, and digital economy, with leading companies like Yutong Bus, China Railway Equipment, and Hanwei Technology [1] Group 2 - The implementation of the "Six M&A Guidelines" has led to significant activity in the M&A market, with 10 listed companies initiating 12 M&A transactions, of which 5 have been completed, resulting in substantial revenue and profit growth [2] - The Shenzhen Stock Exchange has seen increased activity in the restructuring market, particularly among private listed companies, with a trend towards industry consolidation and a focus on new productive forces [2] - Experts predict that M&A will surpass IPOs as the main avenue for capital market activity, driven by new regulations and the current pressures on the IPO market [2] Group 3 - M&A carries significant opportunities but also risks, with a noted 70% failure rate in M&A cases, primarily due to integration issues and cultural mismatches [3] - Strategic alignment, cultural compatibility, and valuation premiums are critical considerations in successful M&A transactions [3] - The event included presentations from seven quality projects in strategic emerging fields such as biotechnology, semiconductors, new materials, and intelligent manufacturing [3]

Group 1 - The company, Xintian Technology, stated on September 9 that the number of its shareholders will be disclosed through regular reports [2]

Core Insights - New Tian Technology (300259) reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 447 million yuan, up 24.39% year-on-year, and net profit of 78.9 million yuan, up 38.45% [1] Financial Performance - Total revenue for the second quarter of 2025 was 306 million yuan, reflecting a year-on-year increase of 55.49 [1] - The gross profit margin decreased to 41.39%, down 9.03% year-on-year, while the net profit margin improved to 17.66%, up 11.33% year-on-year [1] - The total of selling, administrative, and financial expenses was 69.96 million yuan, accounting for 15.65% of revenue, a decrease of 12.33% year-on-year [1] - Earnings per share increased to 0.07 yuan, a rise of 39.36% year-on-year [1] Accounts Receivable and Cash Flow - The accounts receivable balance was significant, with accounts receivable amounting to 551 million yuan, representing 287.71% of the net profit [1][5] - Operating cash flow per share remained stable at 0.02 yuan, with a year-on-year increase of 9.5% [1] Cost and Expenses - Operating costs increased by 33.77%, attributed to the rise in operating revenue [2] - Financial expenses surged by 59.04%, primarily due to a decrease in interest income compared to the previous year [2] Investment and Returns - The company's return on invested capital (ROIC) was 6.14%, indicating average capital returns, with a historical median ROIC of 8.3% over the past decade [4] - The net profit margin for the previous year was 21.52%, suggesting high added value in products or services [4]

Core Viewpoint - New Tian Technology reported strong financial performance in the first half of 2025, driven by the demand for smart metering and system solutions, as well as advancements in IoT, big data, and AI technologies [1][2] Financial Performance - The company achieved a total revenue of 447 million yuan, representing a year-on-year growth of 24.39% [1] - The net profit attributable to shareholders was 79 million yuan, with a year-on-year increase of 38.45% [1] - Among the instrument and meter industry stocks that have released semi-annual reports, New Tian Technology ranked fifth in revenue growth [1] Product Performance - Revenue from smart residential water meters and systems was approximately 184 million yuan, up 16.53% year-on-year [1] - Revenue from smart gas meters and systems surged to about 103 million yuan, marking a significant increase of 106.86% [1] - Smart commercial water meters and flow meters maintained revenue above 100 million yuan, with a gross margin of 55.64% [1] R&D and Innovation - The company added 18 new patents in the first half of the year, including 2 invention patents, 9 utility model patents, and 7 design patents [2] - New Tian Technology has participated in the formulation of over 50 national and industry standards, showcasing its strong R&D capabilities [2] - The company’s smart water platform 7.0 has integrated multiple AI models, enhancing functionalities such as voice interaction and loss detection [2] Market Outlook - The smart water market is projected to reach 37 billion yuan by 2026, while the smart water meter market may exceed 40 billion yuan by 2030 [3] - The water-saving industry is expected to reach a scale of 1 trillion yuan by 2027, according to recent government guidelines [3] - New Tian Technology's current rolling P/E ratio is 22.24, significantly lower than the industry average, indicating a favorable valuation [3]

Group 1 - The company reported a total revenue of 447 million yuan for the first half of 2025, representing a year-on-year growth of 24.39%, and a net profit attributable to shareholders of 79 million yuan, up 38.45% year-on-year [1] - The growth in performance is primarily driven by the sustained market demand for core products such as smart meters and systems, smart water management, and smart gas solutions, along with deep integration and product innovation in IoT, big data, and AI technologies [1] - The company ranks fifth in revenue growth among the instrument and meter industry stocks that have released their semi-annual reports [1] Group 2 - The company has a strong focus on research and development, adding 18 new patents in the first half of the year, including 2 invention patents, 9 utility model patents, and 7 design patents, along with 17 new software copyrights [2] - The company has participated in the formulation of over 50 national and industry standards and holds a CMMI Level 5 certification, indicating its R&D capabilities are at an internationally advanced level [2] - The company has implemented its smart water management solutions across more than 2,500 public utility units, covering over 30 provincial-level administrative regions in China [2] Group 3 - The company is a leading player in the smart water management, smart metering, and agricultural water-saving sectors, with the smart water management market expected to reach 37 billion yuan by 2026 and the smart water meter market potentially exceeding 40 billion yuan by 2030 [3] - The company is well-positioned to benefit from the expanding industry scale, with the water-saving industry projected to reach a trillion yuan by 2027 according to recent government guidelines [3] - The company's rolling price-to-earnings ratio is 22.24, significantly lower than the overall industry average, and its price-to-book ratio is 1.57, the second lowest in the instrument and meter industry [3]

Core Insights - The company Xin Tian Technology (SZ 300259) reported a significant increase in its half-year performance for 2025, with revenue reaching approximately 447 million yuan, representing a year-on-year growth of 24.39% [2] - The net profit attributable to shareholders was about 78.9 million yuan, marking a year-on-year increase of 38.45% [2] - The basic earnings per share were reported at 0.0694 yuan, which is a 39.36% increase compared to the previous year [2]

Group 1 - The company Xin Tian Technology (SZ 300259) announced its fifth board meeting on August 20, 2025, to review the 2025 semi-annual report and related documents [1] - For the year 2024, the company's revenue composition shows that the smart metering industry accounts for 99.17%, while other sectors contribute 0.83% [1] - As of the report, Xin Tian Technology has a market capitalization of 4.5 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Xintian Technology in the first half of 2025, showcasing significant growth in both revenue and net profit [2] - The company achieved operating revenue of 446,897,487.83 yuan, representing a year-on-year increase of 24.39% [2] - The net profit attributable to shareholders of the listed company was 78,903,344.52 yuan, reflecting a year-on-year growth of 38.45% [2]