（编辑 楚丽君） 证券日报网讯 11月28日晚间，金卡智能发布公告称，公司本次注销的回购股份合计为1，123，900股， 占注销前公司总股本的0.27%。经中国证券登记结算有限责任公司深圳分公司审核确认，公司此次回购 股份的注销事宜已于2025年11月27日办理完成。本次注销完成后，公司总股本将由418，337，213股变 更为417，213，313股。 ...

证券代码：300349 证券简称：金卡智能 公告编号：2025-050 金卡智能集团股份有限公司 关于回购股份注销完成暨股份变动的公告 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。 （一）股份回购计划（2022年-2023年）的实施情况 2022年5月27日，公司召开了第五届董事会第五次会议，审议通过了《关于 回购公司股份的议案》，公司拟在不低于人民币5,000万元且不超过10,000万元额 度范围内使用自有资金回购部分社会公众股份用于实施股权激励计划或员工持 股计划，回购方式为交易所集中竞价交易，回购价格不超过14元/股，回购实施 期限自董事会审议通过回购方案之日起12个月内。 2023年3月24日，公司披露了《关于回购股份实施结果暨股份变动的公告》 （公告编号：2023-011），自2022年7月19日首次实施股份回购至2023年3月23日 回购股份期限届满，公司股份回购计划累计通过股票回购专用证券账户以集中竞 价交易方式回购公司股份5,710,000股，最高成交价为11.42元/股，最低成交价为 8.98元/股，成交均价为10.11元/股，支付的总金额 ...

Core Viewpoint - The company has completed the cancellation of repurchased shares, totaling 1.1239 million shares, which represents 0.27% of the total shares before cancellation [1] Summary by Sections Share Repurchase and Cancellation - The total number of repurchased shares canceled is 1.1239 million [1] - This cancellation accounts for 0.27% of the company's total shares prior to the cancellation [1] - The cancellation process was confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. and was completed on November 27, 2025 [1] Changes in Total Share Capital - Following the cancellation, the company's total share capital will decrease from 418 million shares to 417 million shares [1]

（文章来源：证券日报） 证券日报网讯金卡智能11月26日在互动平台回答投资者提问时表示，截至2025年10月31日，公司股东户 数为27071户。 ...

资料显示，金卡智能集团股份有限公司位于浙江省杭州市钱塘区元成路161号，成立日期2004年7月28 日，上市日期2012年8月17日，公司主营业务涉及智能燃气表及燃气计量管理系统的研发、生产、销售, 致力于为燃气公司提供燃气计量、结算收费、组网传输、在线监测、流量调配的整体解决方案。主营业 务收入构成为：智能民用燃气终端及系统64.49%，智能工商业燃气终端及系统20.73%，智慧公用事业 管理系统及其他7.70%，智能水务终端及系统7.09%。 11月20日，金卡智能跌0.45%，成交额7303.47万元。两融数据显示，当日金卡智能获融资买入额971.97 万元，融资偿还911.67万元，融资净买入60.30万元。截至11月20日，金卡智能融资融券余额合计3.93亿 元。 融资方面，金卡智能当日融资买入971.97万元。当前融资余额3.93亿元，占流通市值的7.10%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，金卡智能11月20日融券偿还100.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量8700.00股，融券余额11.53万元，超过近一年70%分位水平，处于 ...

Group 1 - The company, Jinka Intelligent, stated on November 4 that as of October 31, 2025, the number of shareholders will be 27,071 [2]

Core Insights - The establishment of the "Future Factory Promotion Center" in Zhejiang aims to address common challenges in the manufacturing sector's transformation, focusing on digital infrastructure and production organization [1] - The transformation is evolving from factory upgrades to ecosystem evolution, enhancing collaboration across the supply chain and innovating business models [1] Group 1: Digital Transformation and Efficiency - Ruipu Lanjun, a leader in the energy storage sector, has reduced raw material shortage rates from 32% to 7% through a supply chain collaboration platform, resulting in a 19.5% increase in production efficiency and a 42.3% reduction in operational costs [1] - Zhejiang Qianjiang Motorcycle Co., Ltd. has utilized digital, automated, and intelligent technologies to enhance its entire business chain, achieving a 20% reduction in R&D cycles and a 30% decrease in delivery times through PLM systems and APS intelligent scheduling [2] Group 2: Broader Collaboration and Social Impact - Jin Card Intelligent Group and Yubang Electric Intelligent Equipment have extended their collaboration from manufacturing to urban governance, creating a "Gas Industry Brain" for real-time monitoring and intelligent scheduling of urban gas networks [3] - Yubang Electric's smart equipment and drone inspection systems have improved inspection efficiency by over 70%, marking a strategic upgrade from producing smart products to providing digital inspection services [3] Group 3: Support for SMEs and Future Goals - Zhejiang Telecom is focusing on empowering small and medium-sized enterprises (SMEs) by creating an integrated AI platform for the electric motor industry, reducing annual access costs for individual companies to under 20,000 yuan [5] - The goal is to build 120 future factories in the province by the end of 2027, with Zhejiang Telecom having diagnosed nearly 30,000 enterprises and conducted 125 standard training sessions in the past year [5]

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The company achieved operating revenue of 2.355 billion yuan in the first three quarters of 2025, a year-on-year increase of 5.52%, while net profit attributable to the parent company was 207 million yuan, a year-on-year decrease of 30.49% [2] - The company is focusing on high-quality customers and controlling procurement costs, which is expected to stabilize and improve gross margins [2][3] - The company is increasing its investment in overseas resources and has successfully secured orders in several countries along the "Belt and Road" initiative, enhancing its global supply chain [3] - The domestic production process measurement segment is deepening, with significant breakthroughs in key products and customer acquisition, supported by national policies promoting domestic substitution [4] - The company is positioned as a leader in the measurement industry, benefiting from urban renewal projects and macroeconomic conditions, with expectations for revenue growth driven by domestic substitution demand [5] Financial Summary - For the first three quarters of 2025, the company reported a gross margin of 36.69%, a slight increase of 0.18 percentage points quarter-on-quarter, but a decrease of 4.96 percentage points year-on-year [2] - The company’s expense ratio for the first three quarters of 2025 was 27.47%, a year-on-year decrease of 2.39 percentage points [3] - Revenue projections for 2025-2027 are estimated at 3.19 billion, 3.51 billion, and 3.88 billion yuan, respectively, with corresponding earnings per share of 0.82, 0.93, and 1.04 yuan [5][7]

Group 1: Strategic Partnerships and International Expansion - The company has signed a joint investment agreement with Samruk-Kazyna Invest LLP in Kazakhstan, establishing GoldcardSmart Group Kazakhstan LLP to enhance local market services and explore similar models in other countries [1] - The company is increasing investments in overseas markets, having achieved breakthroughs in several "Belt and Road" countries, and plans to further expand its global presence [2] Group 2: Product Development and Market Opportunities - The process measurement segment has successfully completed certifications for key products, including quality flow meters and electromagnetic flow meters, achieving sales breakthroughs with nearly 60 clients [3] - The company is positioned to benefit from national policies promoting domestic substitution of key technologies, creating significant market opportunities for leading domestic instrument manufacturers [3] Group 3: Competitive Landscape and Domestic Substitution - Foreign brands like Emerson and Endress+Hauser still hold market share in high-end industrial gas measurement, but the domestic substitution trend is accelerating, with the company leading in hydrogen measurement technology [3] - The company plans to increase R&D investments to strengthen its market position and expand both domestically and internationally [3] Group 4: Financial Performance and Shareholder Relations - The company's gross profit margin decreased by 4.96% year-on-year due to various macroeconomic and market factors, prompting a focus on optimizing product structure and cost reduction [4] - The increase in shareholding by Hong Kong Central Clearing Limited by 0.185 percentage points indicates foreign investors' confidence in the company's fundamentals and market outlook [4] Group 5: Future Business Development - The company’s subsidiary, Zhejiang Tianxin New Energy, is positioned to capitalize on the growing solar and energy storage markets, leveraging its software and patent technologies [5] - The company emphasizes its commitment to shareholder returns and plans to maintain high dividend levels, contingent on financial health and operational performance [5]

Core Viewpoint - The stock of Jinka Intelligent has shown a positive trend with a year-to-date increase of 6.73%, reflecting strong market interest and performance in the smart gas meter sector [1][2]. Financial Performance - For the period from January to September 2025, Jinka Intelligent achieved a revenue of 2.355 billion yuan, representing a year-on-year growth of 5.52% [2]. - The net profit attributable to the parent company was 207 million yuan, which reflects a significant decrease of 30.49% compared to the previous year [2]. Stock Market Activity - As of October 29, Jinka Intelligent's stock price was 14.06 yuan per share, with a market capitalization of 5.882 billion yuan [1]. - The stock experienced a trading volume of 41.7988 million yuan, with a turnover rate of 0.82% [1]. - The main funds showed a net outflow of 325,300 yuan, with large orders accounting for 6.19% of purchases and 6.96% of sales [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Jinka Intelligent was 22,500, a decrease of 6.93% from the previous period [2]. - The average number of circulating shares per person increased by 7.59% to 16,478 shares [2]. Dividend Distribution - Since its A-share listing, Jinka Intelligent has distributed a total of 1.248 billion yuan in dividends, with 456 million yuan distributed over the past three years [3]. Company Overview - Jinka Intelligent, established on July 28, 2004, and listed on August 17, 2012, is based in Hangzhou, Zhejiang Province [1]. - The company specializes in the research, development, production, and sales of smart gas meters and gas measurement management systems, providing comprehensive solutions for gas companies [1]. - The main revenue sources include smart residential gas terminals and systems (64.49%), smart commercial gas terminals and systems (20.73%), and other related services [1].