Market Overview - On October 27, the IT services sector rose by 1.09%, with Haixia Innovation leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Performers - Haixia Innovation (300300) closed at 7.66, with a significant increase of 20.06% and a trading volume of 1.7959 million shares, totaling a transaction value of 1.292 billion [1] - Huibo Yuntong (301316) saw a rise of 10.70%, closing at 55.64 with a transaction value of 1.315 billion [1] - Luqiao Information (920748) increased by 8.16%, closing at 45.98 with a transaction value of 181 million [1] Underperformers - Qiming Information (002232) experienced a decline of 5.97%, closing at 20.48 with a trading volume of 303.8 thousand shares and a transaction value of 625 million [2] - Liandi Information (920790) fell by 4.60%, closing at 65.66 with a transaction value of 91.6477 million [2] - Huichan Co., Ltd. (688500) decreased by 3.25%, closing at 70.63 with a transaction value of 214 million [2] Capital Flow - The IT services sector saw a net inflow of 230 million from institutional investors, while retail investors experienced a net inflow of 33.9954 million [2][3] - Major stocks like Haixia Innovation and Huasheng Tiancheng attracted significant institutional investment, with net inflows of 166 million and 149 million respectively [3] Summary of Individual Stock Performance - Haixia Innovation led with a net institutional inflow of 166 million, but faced a retail outflow of 62.8714 million [3] - Huasheng Tiancheng had a net institutional inflow of 149 million, with retail outflows totaling 124 million [3] - Other notable stocks included Hande Information (300170) with a net institutional inflow of 77.3047 million [3]

Core Insights - Tianshi Technology (300399.SZ) reported a total operating revenue of 346 million yuan for Q3 2025, with a net profit attributable to shareholders of 5.82 million yuan, an increase of 13.66 million yuan compared to the same period last year [1] Financial Performance - The company experienced a net cash outflow from operating activities of 51.02 million yuan [1] - The latest debt-to-asset ratio stands at 6.90%, a decrease of 1.53 percentage points from the same period last year [3] - The gross profit margin is reported at 3.04%, reflecting an increase of 0.06 percentage points from the previous quarter, marking two consecutive quarters of growth [3] - Return on equity (ROE) is at 1.13%, up by 2.68 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.03 yuan, an increase of 0.07 yuan from the same period last year [3] - Total asset turnover ratio is 0.62 times, while inventory turnover ratio is 20.68 times [3] Shareholder Structure - The number of shareholders is 32,000, with the top ten shareholders holding a total of 95.24 million shares, accounting for 48.20% of the total share capital [3] - The largest shareholder is Shangrao Digital and Financial Industry Investment Group Co., Ltd., holding 30.00% of the shares [3]

Core Insights - Tianli Technology (300399.SZ) reported a revenue of 346 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 8.66% [1] - The net profit attributable to shareholders of the listed company was 5.82 million yuan, showing a significant year-on-year increase of 174.24% [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 14.23 million yuan [1] - The basic earnings per share stood at 0.03 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥114,566,646.11, a decrease of 17.49% compared to the same period last year[4] - The net profit attributable to shareholders was -¥2,201,807.14, representing a decline of 121.87% year-on-year[4] - The company's basic earnings per share were -¥0.01, a decrease of 120.00% compared to the same period last year[4] - Total operating revenue for the current period is CNY 345,543,466.48, a decrease of 8.68% from CNY 378,292,363.95 in the previous period[20] - Net profit for the current period is CNY 5,734,521.75, compared to a net loss of CNY 8,076,329.08 in the previous period[21] - Earnings per share for the current period is CNY 0.03, recovering from a loss of CNY 0.04 in the previous period[21] Cash Flow - The net cash flow from operating activities was -¥51,017,605.49, a significant decrease of 886.23% compared to the previous year[11] - Cash inflow from operating activities totaled $448,980,611.21, a decrease from $472,716,640.86 in the previous period[25] - Cash outflow from operating activities was $499,998,216.70, compared to $466,227,718.93 previously, resulting in a net cash flow from operating activities of -$51,017,605.49, down from $6,488,921.93[25] - Cash inflow from investing activities reached $635,043,245.20, significantly higher than $103,588,872.99 in the prior period[25] - Cash outflow from investing activities was $587,538,244.13, compared to $360,435,865.05 previously, leading to a net cash flow from investing activities of $47,505,001.07, a recovery from -$256,846,992.06[25] - Cash inflow from financing activities was $4,687,702.76, with cash outflow totaling $14,101,691.41, resulting in a net cash flow from financing activities of -$9,413,988.65[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥559,258,255.39, down 0.86% from the end of the previous year[4] - Total current assets at the end of the reporting period amount to 539,072,507.03 RMB, a slight decrease from 543,017,049.86 RMB at the beginning of the period[18] - Total non-current assets decreased from 21,087,533.28 RMB to 20,185,748.36 RMB[18] - Total liabilities amount to CNY 38,607,821.85, slightly up from CNY 38,058,302.39 in the previous period[19] - Total equity attributable to shareholders of the parent company is CNY 513,267,487.77, down from CNY 517,328,814.62 in the previous period[19] - The company has a total of CNY 520,650,433.54 in total equity, down from CNY 526,046,280.75 in the previous period[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,952[13] - The largest shareholder, Shangrao Digital and Financial Industry Investment Group Co., Ltd., holds 30.00% of shares, totaling 59,280,000 shares[13] - The second-largest shareholder, Qian Yongyao, holds 13.19% of shares, totaling 26,064,121 shares[13] Inventory and Contract Liabilities - The company's inventory increased by 25,122.77% to ¥32,277,769.87, mainly due to pending settlements for certain business transactions[8] - The company's contract liabilities rose by 85.73% to ¥21,955,477.89, attributed to pending settlements for certain business transactions[8] Investment Income - The company reported a 3332.51% increase in investment income, amounting to ¥19,668,505.13, primarily due to gains from the disposal of stocks held by a subsidiary[10] - The company has reported a significant increase in investment income of CNY 19,668,505.13 compared to CNY 573,006.41 in the previous period[20] Other Financial Details - The company’s deferred tax liabilities decreased to CNY 379,244.04 from CNY 5,364,852.17 in the previous period[19] - The company has a total of 79,383,674.38 RMB in cash and cash equivalents, down from 92,310,267.45 RMB[18] - The ending cash and cash equivalents balance was $74,283,273.69, down from $110,570,940.91 in the previous period[26] - The company reported a significant increase in cash received from investment recoveries, totaling $578,036,384.68 compared to $102,000,000.00 previously[25] - The company experienced a decrease in cash paid for employee compensation, which was $28,585,162.25, slightly up from $28,090,045.57[25] - The third quarter financial report was not audited[27]

地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江西天利科技股份有限公司 2025 年第二次临时股东会的 法律意见书 上海市锦天城律师事务所 关于江西天利科技股份有限公司 2025 年第二次临时股东会的 法律意见书 致：江西天利科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江西天利科技股份有限 公司（以下简称"公司"、"天利科技"）的委托，就公司召开 2025 年第二次临时 股东会的有关事宜，根据《中华人民共和国公司法》（以下简称"《公司法》"） 《中华人民共和国证券法》（以下简称"《证券法》"）及《江西天利科技股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业 务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履 行了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东会所涉及的相关 事项进行了必要的核查和验证 ...

证券代码：300399 证券简称：天利科技 公告编号：2025-081 江西天利科技股份有限公司 2025 年第二次临时股东会决议公告 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： 1、本次股东会无新增、变更、否决议案的情形； 2、本次股东会无涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、召开时间 （1）现场会议召开时间：2025 年 10 月 13 日（星期一）14:30； （2）网络投票时间为：2025 年 10 月 13 日（星期一）。其中通过深交所交 易系统进行网络投票的具体时间为：2025 年 10 月 13 日 9:15-9:25、09:30-11:30、 13:00-15:00；通过深交所互联网投票系统进行网络投票的具体时间为：2025 年 10 月 13 日 9:15 至 15:00 期间的任意时间； 2、现场会议召开地点：江西省上饶市信州区吉阳中路 580 号青龙湖国际公 馆 1 号楼 13 楼 1305 室。 3、会议召开方式：现场投票与网络投票相结合的方式。 4、召集人：公司董事会。 7、会议的出席情况： （ ...

江西天利科技股份有限公司 关于完成董事增补的公告 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。 证券代码：300399 证券简称：天利科技 公告编号：2025-083 本次补选董事工作完成后，公司董事会中兼任公司高级管理人员以及由职工 代表担任的董事人数总计未超过公司董事总数的二分之一。 特此公告。 江西天利科技股份有限公司董事会 二〇二五年十月十三日 附件： 王黎贤先生简历 王黎贤先生，1987 年生，中国国籍，无境外永久居留权，本科学历。曾任英德海螺水 泥有限责任公司财务会计、浙江中瑞税务师事务所审计员、浙江同方会计师事务所项目经理、 上饶投资控股集团有限公司法务专员，现任上饶投资控股集团有限公司合规审计部经理。 截至本公告披露日，王黎贤先生未持有公司股票，除现任职单位外，与其他持有公司 5%以上股份的股东及董事、高级管理人员不存在关联关系。王黎贤先生不存在《公司法》《公 司章程》中规定的不得担任董事的情形，不存在受过中国证监会及其他有关部门的处罚和证 券交易所纪律处分的情形；不存在因涉嫌犯罪被司法机关立案侦查或者涉嫌违法违规被中国 证监会立案稽查，尚未 ...

Group 1 - The company announced the convening of its 18th meeting of the fifth board of directors on September 24, 2025 [1] - The board approved the proposal to add Mr. Wang Lixian as a candidate for non-independent director [1] - Mr. Wang will also serve on the Strategic Committee and the Compensation and Nomination Committee [1] - His term will commence upon approval by the company's shareholders and will last until the end of the current board's term [1]

证券代码：300399 证券简称：天利科技 公告编号：2025-078 江西天利科技股份有限公司 关于增补公司董事的公告 附件： 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。 王黎贤先生简历 江西天利科技股份有限公司（以下简称"公司"）于 2025 年 9 月 24 日召开 第五届董事会第十八次会议，审议通过了《关于增补公司董事的议案》，该议案 尚需提交公司 2025 年第二次临时股东会审议。董事会同意增补王黎贤先生（简 历详见附件）为公司第五届董事会非独立董事候选人，并担任战略委员会委员、 薪酬与提名委员会委员职务，任期自公司股东会审议通过之日起至第五届董事会 任期届满之日止。 王黎贤先生，1987 年生，中国国籍，无境外永久居留权，本科学历。曾任英德海螺水 泥有限责任公司财务会计、浙江中瑞税务师事务所审计员、浙江同方会计师事务所项目经理、 上饶投资控股集团有限公司法务专员，现任上饶投资控股集团有限公司合规审计部经理。 本次补选董事工作完成后，公司董事会中兼任公司高级管理人员以及由职工 代表担任的董事人数总计未超过公司董事总数的二分之一。 特此公告。 江西 ...

证券代码：300399 证券简称：天利科技 公告编号：2025-080 江西天利科技股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 根据江西天利科技股份有限公司（以下简称"公司"）第五届董事会第十八 次会议决议，公司拟召开2025年第二次临时股东会，现将有关事项通知如下： 一、会议召开的基本情况 3.会议召开的合法性及合规性：本次股东会的召开符合相关法律法规、部门 规章、规范性文件及《公司章程》的相关规定。 4.召开会议时间： （1）现场会议时间：2025年10月13日（星期一）14:30 （2）网络投票时间：2025年10月13日（星期一） 其中：通过深交所交易系统进行网络投票的具体时间为：2025年10月13日上 午9:15-9:25、9:30-11:30、13:00-15:00； 通过深交所互联网投票系统进行网络投票的具体时间为：2025年10月13日 9:15至15:00期间的任意时间。 5.会议的召开方式：本次会议采取现场投票与网络投票相结合的方式。 （1）现场投票：股东本人出席本次会议现场 ...