Core Viewpoint - The company, Chongqing Meiansen Technology Co., Ltd., has released a prompt announcement regarding the disclosure of its third-quarter report for 2025, ensuring the accuracy and completeness of the information provided [1]. Group 1 - The company and its board guarantee that the disclosed information is true, accurate, and complete, with no false records or misleading statements [1]. - The full text of the third-quarter report for 2025 was disclosed on October 28, 2025, on the designated information disclosure website of the China Securities Regulatory Commission [1]. - Investors are advised to pay attention to the full report available for review [1].

Core Viewpoint - The company reported a decline in performance for Q3 2025 due to the downturn in the coal industry, but core profitability remains stable, and progress has been made in the development of emerging businesses such as mining robots [1][2] Financial Performance - In Q3 2025, the company achieved operating revenue of 94.78 million yuan and a net profit attributable to shareholders of 10.87 million yuan, with a net profit of 9.70 million yuan after deducting non-recurring gains and losses [1] - For the first nine months of 2025, the company reported total operating revenue of 317 million yuan and a net profit of 39.59 million yuan, with a net profit of 36.14 million yuan after deductions [1] - The gross profit margin for the first three quarters reached 46.16%, indicating stable core profitability despite revenue and profit declines [1] Financial Structure - As of the end of Q3 2025, the company had total assets of 1.33 billion yuan and equity attributable to shareholders of 942 million yuan, reflecting a steady enhancement of capital strength [1] Business Strategy - The company is implementing a strategy of "deepening the coal mining main business + expanding non-coal mining" to effectively mitigate the impact of industry downturns on performance [1] Emerging Business Development - The company is actively advancing the research and development of mining explosion-proof robots in collaboration with partners, having completed initial design and key technology verification, with plans to focus on overcoming R&D challenges and accelerating prototype production [2] - This initiative aligns with the policy direction of "accelerating the replacement of robots in hazardous and heavy positions in mines," which is expected to open new growth opportunities for the company [2] - Despite short-term performance pressure from industry cycles, the support for intelligent mining construction and the rigid demand remain unchanged, suggesting potential for performance rebound during industry recovery [2]

Core Viewpoint - Meiansen (300275) reported a decline in performance due to the downturn in the coal industry, but is focusing on intelligent mining construction and diversifying into new fields such as mining robots and satellite communication to create new growth engines [1][2] Group 1: Financial Performance - In the first three quarters of 2025, the company achieved an operating income of 317 million yuan and a net profit attributable to shareholders of 39.59 million yuan, with a basic earnings per share of 0.13 yuan [1] - The net profit after deducting non-recurring items was 36.14 million yuan [1] Group 2: Industry Context - The overall performance of the industry has declined due to the downturn in the coal sector, prompting Meiansen to stabilize its coal business while expanding into non-coal mining markets [1] - Recent policies such as the "Key R&D Directory for Coal Mine Robots" and "Guidance on Promoting Intelligent Mining Construction" support the integration of AI and mining, aiming for a robot replacement rate of at least 30% in coal mines and 20% in non-coal mines by 2026 [1] Group 3: Strategic Initiatives - The company is actively incubating its mining robot business to create new profit growth points, having established a subsidiary focused on this area [2] - Meiansen is advancing the research and development of explosion-proof mining robots, with initial design plans completed and key technology validation underway [2] - The company’s subsidiary has developed core technologies for satellite communication, enabling services in areas without 5G coverage, which could synergize with its main business [2]

Core Viewpoint - Meian Sen (300275.SZ) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 317 million yuan, representing a year-on-year decrease of 9.80% [1] - The net profit attributable to shareholders of the listed company was 39.5947 million yuan, down 14.49% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 36.1394 million yuan, a decrease of 16.30% year-on-year [1] - Basic earnings per share were 0.1294 yuan [1]

Core Insights - The company Meiansen reported a decline in revenue and net profit for the first three quarters of the year, indicating potential challenges in its financial performance [1]. Financial Performance - The company's total operating revenue for the first three quarters was 317,443,676.06 yuan, representing a year-on-year decrease of 9.8% [1]. - The net profit attributable to shareholders of the listed company was 39,594,655.61 yuan, which reflects a year-on-year decline of 14.49% [1]. Shareholder Changes - Among the top ten circulating shareholders, new entrants include Ye Lisheng, Su Yunjian, Xie Xingzhi, Zhou Hehua, and Zhao Huan [2].

Group 1 - The core viewpoint of the news is that Meiansen (SZ 300275) reported a decline in its third-quarter performance for 2023, with revenue and net profit both decreasing year-on-year [1] - For the first three quarters of 2023, the company's revenue was approximately 317 million yuan, representing a year-on-year decrease of 9.8% [1] - The net profit attributable to shareholders was about 39.59 million yuan, which is a year-on-year decrease of 14.49% [1] - The basic earnings per share for the company was 0.1294 yuan, reflecting a year-on-year decrease of 15.81% [1] Group 2 - As of the report date, Meiansen's market capitalization stood at 3.9 billion yuan [2]

重庆梅安森科技股份有限公司 2025 年第三季度报告披露提示性公告 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。 特别提示：本公司 2025 年第三季度报告全文已于 2025 年 10 月 28 日在中国证 监会指定的创业板信息披露网站上披露，请投资者注意查阅！ 证券代码：300275 证券简称：梅安森 公告编号：2025-073 特此公告。 重庆梅安森科技股份有限公司 董 事 会 2025 年 10 月 28 日 ...

经与会监事认真审议，会议在保证所有监事充分发表意见的前提下，以投票 表决的方式审议通过了以下议案： 1、审议通过《2025 年第三季度报告》 经审核，监事会认为：董事会编制和审核公司 2025 年第三季度报告的程序符 合法律、行政法规和中国证监会的规定，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、误导性陈述或者重大遗漏。 证券代码：300275 证券简称：梅安森 公告编号：2025-072 重庆梅安森科技股份有限公司 第六届监事会第八次会议决议公告 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。 重庆梅安森科技股份有限公司（以下简称"梅安森"或"公司"）第六届监 事会第八次会议通知于 2025 年 10 月 23 日以电子邮件方式发出，会议于 2025 年 10 月 27 日在公司会议室以现场方式召开。本次会议应出席监事三人，实际出 席监事三人。本次会议由公司监事会主席主持，董事会秘书列席了会议。本次会 议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的有 关规定，所做决议合法有效。 一、本次监事会会议审议情况 2、 ...

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。 重庆梅安森科技股份有限公司（以下简称"梅安森"或"公司"）第六届董 事会第九次会议通知于 2025 年 10 月 23 日以电子邮件方式发出，会议于 2025 年 10 月 27 日在公司会议室以现场与通讯表决相结合的方式召开。本次会议应出 席董事七人，实际出席董事七人（董事马焰、胡世强以通讯表决方式参加）。本 次会议由公司董事长主持，董事会秘书列席了会议。本次会议的召开符合有关法 律、行政法规、部门规章、规范性文件和《公司章程》的有关规定，所做决议合 法有效。 一、本次董事会会议审议情况 经与会董事认真审议，会议在保证所有董事充分发表意见的前提下，以投票 表决的方式审议通过了以下议案： 证券代码：300275 证券简称：梅安森 公告编号：2025-071 重庆梅安森科技股份有限公司 第六届董事会第九次会议决议公告 二、备查文件 1、第六届董事会第九次会议决议； 2、深圳证券交易所要求的其他文件。 特此公告。 重庆梅安森科技股份有限公司 董 事 会 2025 年 10 月 28 日 1、审议通过《2025 年第三 ...

Financial Performance - Revenue for Q3 2025 was CNY 94,780,657.78, a decrease of 20.76% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 10,866,845.59, down 22.91% year-on-year[5] - Basic earnings per share decreased by 24.63% to CNY 0.0352[5] - Total operating revenue decreased to ¥317,443,676.06 from ¥351,926,904.02, a decline of approximately 9.8%[26] - Net profit for the period was ¥39,724,457.99, down from ¥46,549,571.20, representing a decrease of about 14.0%[27] - Basic earnings per share decreased to ¥0.1294 from ¥0.1537, a decline of about 15.7%[27] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 14,390,746.77, a decline of 414.54% compared to the previous year[13] - Operating cash flow net amount was negative at ¥-14,390,746.77, compared to a positive ¥4,575,169.57 in the previous period[30] - The company's cash and cash equivalents decreased to CNY 30,938,521.71 from CNY 76,501,485.30, reflecting a significant reduction in liquidity[21] - The ending balance of cash and cash equivalents was $24.46 million, down from $26.81 million in the previous period[31] - The net increase in cash and cash equivalents was -$42.14 million, compared to -$82.39 million in the previous period, showing a significant reduction in cash burn[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,332,563,415.96, a decrease of 1.15% from the end of the previous year[5] - The total assets of the company as of September 30, 2025, amounted to CNY 1,332,563,415.96, a decrease from CNY 1,348,073,309.76 at the beginning of the period[21] - Total liabilities decreased to ¥390,052,408.31 from ¥454,076,427.16, a reduction of approximately 14.1%[23] - The company's total current liabilities decreased to CNY 356,846,020.20 from CNY 380,564,127.89, indicating improved short-term financial health[22] Shareholder Equity - The company's equity attributable to shareholders increased by 5.41% to CNY 942,150,886.31 compared to the end of the previous year[5] - Total equity attributable to shareholders increased to ¥942,150,886.31 from ¥893,766,563.64, an increase of about 5.4%[23] - The total number of restricted shares at the end of the period was 36,543,615, with significant releases planned for certain shareholders[18] - The company has a total of 2,680,900 shares held in a repurchase account, indicating ongoing share buyback activities[17] Receivables and Inventory - Accounts receivable increased to CNY 436,892,022.96 from CNY 416,851,857.50, indicating a growth in credit sales[21] - Inventory levels rose to CNY 164,331,157.35 from CNY 155,808,758.20, suggesting an increase in stock[21] - The company reported a significant increase in receivables financing by 123.68% to CNY 32,188,262.68[10] Expenses and Impairments - Financial expenses decreased by 52.98% to CNY 2,154,642.98 due to reduced borrowing costs[12] - The company experienced a 50.30% increase in credit impairment losses, totaling CNY -7,423,758.84[12] - The company reported a credit impairment loss of ¥-7,423,758.84, compared to ¥-4,939,456.69 in the previous period, indicating a worsening in credit quality[26] - Research and development expenses increased to ¥34,406,080.06 from ¥31,972,540.21, an increase of approximately 13.6%[26] Future Outlook and Changes - The third quarter financial report was not audited, which may affect the reliability of the reported figures[32] - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[32]