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 飞天诚信科技股份有限公司（以下简称"公司"）第五届董事会第十二次会 议于 2025 年 10 月 22 日在北京市海淀区学清路 9 号汇智大厦 B 楼 17 层会议室以 现场、通讯的方式召开，会议通知于 2025 年 10 月 10 日以专人送达、通讯的方 式向全体董事发出。会议应出席董事 6 人，实际出席董事 6 人，会议由董事长黄 煜先生主持，会议的召开符合《中华人民共和国公司法》及《飞天诚信科技股份 有限公司章程》（以下简称"《公司章程》"）的规定。 证券代码：300386 证券简称：飞天诚信 公告编号：2025-030 飞天诚信科技股份有限公司 关于第五届董事会第十二次会议决议的公告 1.第五届董事会第十二次会议决议； 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》 表决结果：赞成 6 票、反对 0 票、弃权 0 票。 2.第五届董事会审计委员会2025年第五次会议决议。 特此公告。 1 飞天诚信科技股份有限公司 董事会 2025年10月24日 2 ...

Revenue and Profitability - The company's revenue for Q3 2025 was ¥156,847,715.14, a decrease of 9.69% compared to the same period last year[5] - Net profit attributable to shareholders increased by 167.00% year-on-year to ¥4,320,012.49, while the net profit after deducting non-recurring gains and losses rose by 157.45% to ¥4,129,779.58[5] - The basic earnings per share for the period was ¥0.01, reflecting a 150.00% increase compared to the previous year[5] - Total operating revenue for the current period reached ¥519,593,160.62, an increase of 3.2% compared to ¥503,954,565.16 in the previous period[16] - Net profit for the current period was ¥10,350,923.92, a significant recovery from a net loss of ¥22,854,831.76 in the previous period[17] - Basic earnings per share improved to ¥0.02, compared to a loss of ¥0.05 per share in the previous period[18] - The company reported a comprehensive income of ¥4,516,534.34, recovering from a loss of ¥19,777,659.50 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,626,424,640.34, down 3.58% from the end of the previous year[5] - Total assets amounted to ¥1,626,424,640.34, a decrease from ¥1,686,892,442.63 in the previous period[15] - Total liabilities decreased to ¥152,616,072.25 from ¥212,318,224.55 in the previous period, reflecting a reduction in financial obligations[15] - Non-current assets totaled ¥39,558,766.19, down from ¥155,174,871.10 in the previous period, indicating a significant reduction in long-term investments[15] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥10,358,563.62, an improvement of 86.31% compared to the same period last year[9] - Operating cash inflow for the current period was ¥543,390,716.31, a decrease of 0.15% compared to ¥547,198,617.77 in the previous period[19] - Net cash outflow from operating activities was ¥10,358,563.62, improving from a net outflow of ¥75,656,314.19 in the previous period[19] - Cash inflow from investment activities totaled ¥963,486,726.69, significantly increasing from ¥487,312,501.64 in the previous period[20] - Net cash outflow from investment activities was ¥8,552,735.62, compared to a net inflow of ¥993,313.65 in the previous period[20] - The net increase in cash and cash equivalents was -¥23,926,913.10, improving from -¥84,738,401.65 in the previous period[20] - The ending balance of cash and cash equivalents was ¥272,905,733.62, up from ¥228,148,721.99 in the previous period[20] - The company received ¥932,304,334.94 from investment recoveries, a substantial increase from ¥449,603,000.00 in the previous period[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 43,515[11] - The largest shareholder, Huang Yu, holds 30.31% of shares, totaling 126,700,046 shares[11] - The company has a total of 0 preferred shareholders at the end of the reporting period[12] - There are no changes in the top 10 shareholders due to margin trading activities[11] Research and Development - Research and development expenses decreased by 30.03% to ¥48,641,112.81, indicating a reduction in investment in this area[9] - Research and development expenses were ¥48,641,112.81, down from ¥69,519,627.23, indicating a strategic shift in R&D investment[16] Government Subsidies and Other Income - The company received government subsidies totaling ¥392,285.37 during the reporting period, contributing to its financial performance[6] - The company reported a significant increase in investment income loss, which rose by 709.13% to ¥-1,346,081.50, primarily due to increased losses from investments in associates[9] Audit and Compliance - The third quarter financial report was not audited[21]

Market Overview - The computer equipment sector experienced a decline of 2.83% on September 26, with Xuanji Information leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers included: - ST Yingfituo: closed at 2.82, up 4.83% with a trading volume of 197,400 shares and a turnover of 55.38 million [1] - Huijin Co.: closed at 15.90, up 2.91% with a trading volume of 883,600 shares and a turnover of 142.6 million [1] - Major decliners included: - Xuanji Information: closed at 6.47, down 7.70% with a trading volume of 1,914,900 shares and a turnover of 127.5 million [2] - Yimikang: closed at 16.41, down 6.01% with a trading volume of 338,600 shares and a turnover of 56.9 million [2] Capital Flow - The computer equipment sector saw a net outflow of 3.633 billion in main funds, while retail investors contributed a net inflow of 2.477 billion [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed interest [2][3] Individual Stock Capital Flow - Huijin Co. had a main fund net inflow of 1.45 billion, but retail investors showed a net outflow of 984.26 million [3] - Xuanji Information experienced a significant net outflow of 1.27 billion from retail investors, indicating a lack of confidence [3]

Group 1 - The company, Feitian Chengxin, reported that as of September 19, 2025, it has a total of 44,271 shareholders [1]

Group 1 - The company, Feitian Technologies (300386.SZ), clarified on the interactive platform that it does not engage in internet financial services [1] - The main business activities of the company include identity authentication products, smart terminal products, and chip products [1]

Group 1 - The core viewpoint of the news is that Feitian Technology's stock has experienced fluctuations, with a recent decline of 2.01% and a total market value of 8.34 billion yuan [1] - As of July 31, the number of shareholders for Feitian Technology is 50,100, a decrease of 2.14% from the previous period, while the average circulating shares per person increased by 2.19% to 5,000 shares [2] - For the first half of 2025, Feitian Technology reported a revenue of 363 million yuan, representing a year-on-year growth of 9.83%, and a net profit attributable to shareholders of 6.06 million yuan, up 137.66% year-on-year [2] Group 2 - Feitian Technology has cumulatively distributed 223 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] - As of June 30, 2025, Huabao Zhongzheng Financial Technology Theme ETF is the sixth largest circulating shareholder, holding 1.9042 million shares, an increase of 191,000 shares from the previous period [3] - The company's main business revenue composition includes 45.75% from smart terminals, 40.97% from identity authentication products, 13.10% from security chips, and 0.19% from other sources [1]

Company Overview - Feitian Technologies Co., Ltd. is located in Haidian District, Beijing, and was established on June 16, 1998. The company went public on June 26, 2014. Its main business involves the research, production, sales, and service of information security products centered on identity authentication [1][2]. Financial Performance - For the first half of 2025, Feitian Technologies achieved operating revenue of 363 million yuan, representing a year-on-year growth of 9.83%. The net profit attributable to shareholders was 6.06 million yuan, showing a significant increase of 137.66% year-on-year [2]. - As of July 31, the number of shareholders was 50,100, a decrease of 2.14% from the previous period. The average circulating shares per person increased by 2.19% to 5,000 shares [2]. Stock Performance - On August 25, Feitian Technologies' stock price rose by 2.01%, reaching 21.36 yuan per share, with a trading volume of 305 million yuan and a turnover rate of 5.79%. The total market capitalization stood at 8.929 billion yuan [1]. - Year-to-date, the stock price has increased by 27.14%, with a 2.69% rise over the last five trading days, 6.00% over the last 20 days, and 13.68% over the last 60 days [1]. Shareholder and Dividend Information - Since its A-share listing, Feitian Technologies has distributed a total of 223 million yuan in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the sixth-largest circulating shareholder is the Huabao Zhongzheng Financial Technology Theme ETF, holding 1.9042 million shares, an increase of 191,000 shares from the previous period [3]. Business Segmentation - The company's main business revenue composition includes: 45.75% from smart terminals, 40.97% from identity authentication products, 13.10% from security chips, and 0.19% from other sources [1]. - Feitian Technologies is classified under the Shenwan industry as part of the computer sector, specifically in computer equipment and other computer devices. It is associated with concepts such as electronic payments, blockchain, digital currency, mobile payments, and financial technology [1].

Core Viewpoint - The recent financial report of Feitian Chengxin (300386) shows a positive trend in revenue and net profit, despite a decline in quarterly performance, indicating potential recovery and growth opportunities for the company [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 363 million yuan, a year-on-year increase of 9.83% [1]. - Net profit attributable to shareholders was 6.06 million yuan, up 137.66% compared to the previous year [1]. - The gross margin improved to 40.02%, reflecting a year-on-year increase of 6.32% [1]. - The net margin turned positive at 1.66%, a significant improvement from a negative 4.94% in the previous year [1]. - Total expenses (sales, management, and financial) amounted to 115 million yuan, accounting for 31.75% of revenue, which is a slight increase of 2.46% year-on-year [1]. Cash Flow and Asset Management - Operating cash flow per share improved to -0.07 yuan, a 64.27% increase year-on-year [1]. - The company reported a significant increase in cash and cash equivalents, with a net increase of 42.51% due to improved operating cash flow [3]. - Other current assets saw a notable increase of 38.9% due to an increase in bank deposits [3]. Investment and Return Metrics - The company has shown a historical median Return on Invested Capital (ROIC) of 3.89%, indicating weak investment returns, with the worst year being 2023 at -12% [3]. - The company has experienced four years of losses since its listing, suggesting caution for potential investors [3]. Recommendations and Concerns - Attention is advised on the company's cash flow situation, as the average operating cash flow over the past three years is significantly negative [4]. - Financial expenses are high relative to the average operating cash flow, indicating potential financial strain [4].

Core Insights - The company reported a total revenue of 363 million yuan for the first half of 2025, marking an increase of 32.47 million yuan compared to the same period last year, representing a year-on-year growth of 9.83% [1] - The net profit attributable to shareholders was 6.06 million yuan, an increase of 22.16 million yuan from the same period last year, achieving two consecutive years of growth [1] - The company experienced a net cash outflow from operating activities of 30.95 million yuan, which is an improvement of 55.66 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio stands at 8.51%, a decrease of 1.48 percentage points from the previous quarter and a decrease of 1.61 percentage points from the same period last year [3] - The latest gross profit margin is 40.02%, an increase of 1.56 percentage points from the previous quarter and an increase of 2.38 percentage points from the same period last year, achieving two consecutive quarters of growth [3] - The latest return on equity (ROE) is 0.41%, an increase of 1.46 percentage points from the same period last year [3] Earnings and Turnover - The diluted earnings per share are 0.01 yuan, an increase of 0.05 yuan from the same period last year, achieving two consecutive years of growth [4] - The latest total asset turnover ratio is 0.22 times, an increase of 0.03 times from the same period last year, representing a year-on-year increase of 14.93% [4] - The latest inventory turnover ratio is 0.91 times, an increase of 0.15 times from the same period last year, representing a year-on-year increase of 20.40% [4] Shareholder Structure - The number of shareholders is 58,300, with the top ten shareholders holding 231 million shares, accounting for 55.17% of the total share capital [4] - The largest shareholder is Huang Yu I, holding 30.31% of the shares [4] - Other significant shareholders include Li Wei (11.26%) and Lu Zhou (10.68%) [4]

Core Insights - Feitian Integrity (300386.SZ) released its semi-annual report for 2025 on August 22, 2025, indicating a total of 2 institutional investors holding shares, amounting to 2.6693 million shares, which represents 0.64% of the total share capital [1] - The institutional holding ratio decreased by 0.06 percentage points compared to the previous quarter [1] - Among public funds, only one fund, Huabao Zhongzheng Financial Technology Theme ETF, increased its holdings slightly [1] - Foreign investment sentiment showed a decrease, with one foreign fund, Goldman Sachs International - proprietary funds, reducing its holdings by 0.10% [1]