Core Viewpoint - The company, Jintuo Co., Ltd. (300400.SZ), has received a corrective order from the Shenzhen Securities Regulatory Bureau due to various accounting irregularities and non-compliance issues [1] Group 1: Regulatory Actions - The Shenzhen Securities Regulatory Bureau has issued a decision to order the company to make corrections and has issued warning letters to several individuals including Wang Xinjie and Wu Siyuan [1] - The decision highlights issues such as inaccurate accounting for share-based payment expenses and non-standard revenue recognition practices [1] Group 2: Identified Issues - The company failed to properly identify significant financing components in sales contracts [1] - There were inaccuracies in the provision for bad debts related to accounts receivable [1] - The provision for inventory impairment was also found to be inaccurate [1]

深圳市劲拓自动化设备股份有限公司 关于收到深圳证监局行政监管措施决定书的公告 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、误导性陈述或者重大遗漏。 证券代码：300400 证券简称：劲拓股份 公告编号：2025-048 深圳市劲拓自动化设备股份有限公司、王新杰、WU SIYUAN(吴思远)、徐 德勇、朱玺、邵书利、毛一静： 经查，你公司存在股份支付费用核算不准确、收入核算不规范、未恰当识别 销售合同中的重大融资成分、应收账款坏账计提不准确、部分存货跌价准备计提 不准确等问题。 上述情形不符合《企业会计准则第 11 号——股份支付》第六条第一款、第 二款，《企业会计准则第 14 号——收入》第四条、第十三条、第十七条，《企 业会计准则第 30 号——财务报表列报》第十一条第一款、《企业会计准则第 1 号——存货》第十五条的相关规定，影响了相关财务信息披露的准确性，违反了 《上市公司信息披露管理办法》(证监会令第 182 号，下同)第三条第一款的规定。 公司时任董事长王新杰、现任董事长 WU SIYUAN(吴思远)、时任总经理徐德勇、 现任总经理朱玺、时任财务总监邵书利、时任代财务总 ...

Group 1 - The Shenzhen Stock Exchange issued a regulatory letter to Shenzhen Jintuo Automation Equipment Co., Ltd. regarding violations including inaccurate accounting for share-based payment expenses and improper revenue recognition [1] - The company failed to properly identify significant financing components in sales contracts and inaccurately accounted for bad debts and inventory impairment [1] - The actions of the company's former and current executives, including the chairman and general managers, were deemed to violate the Shenzhen Stock Exchange's listing rules [1] Group 2 - For the year 2024, Jintuo's revenue composition is entirely from the industrial sector, with a 100% share [1] - As of the report date, Jintuo's market capitalization stands at 4.9 billion yuan [1]

Core Viewpoint - The company, Jintuo Co., Ltd. (300400.SZ), has indicated that its products can be utilized in flexible PCBs [1] Group 1 - The company is actively engaging with investors through an interactive platform [1] - The application of the company's products in flexible PCBs highlights its relevance in the electronics industry [1]

Core Viewpoint - The company is addressing investor concerns regarding the recruitment of key positions and the current operational status, indicating a positive outlook despite recent stock price fluctuations [1]. Group 1: Recruitment Status - The company has identified a candidate for the vacant Secretary position, which is currently undergoing pre-appointment procedures [1] - The search for a suitable candidate for the Chief Financial Officer position is still ongoing [1] - Official announcements regarding the appointments will be made in future disclosures [1] Group 2: Operational Performance - The company reports that its current operations are performing well, with disclosed financial data reflecting a solid and stable development trend [1] - In response to significant market demand changes, the company has increased its investment in foundational research and development [1] - The company has established an industry-leading new thermal equipment hardware platform and an intelligent platform, launching innovative products such as large-scale integrated circuit reflow soldering equipment and digital intelligent direct current reflow soldering [1] Group 3: Technological Advancements - The company is actively advancing technical cooperation and product verification with clients [1] - Further details regarding the company's operations and developments will be available in periodic reports and announcements on the official information disclosure platform [1]

Core Viewpoint - The company has confirmed that its Malaysian factory is on track to begin production in the fourth quarter of this year, with product delivery capabilities expected to be established soon [2]. Group 1 - The Malaysian factory is progressing according to the original plan and is expected to have product delivery capabilities by Q4 of this year [2]. - The company's collaborative projects and joint laboratory construction are being carried out in an orderly manner [2]. - Shareholder information should be referenced from the company's periodic reports and announcements disclosed on the Giant Tide Information Network [2].

Core Viewpoint - The company reported its Q3 2025 earnings, showing a mixed performance with a slight decline in revenue but significant growth in net profit compared to the previous year [3][4]. Financial Performance - Q3 2025 revenue reached 227 million yuan, a year-on-year decrease of 1.18% [4]. - Net profit attributable to shareholders was 32.8 million yuan, reflecting a year-on-year increase of 33.72% [3][4]. - The net profit excluding non-recurring items was 32.8 million yuan, up 32.37% year-on-year [4]. - For the first three quarters of 2025, total revenue was 596 million yuan, an increase of 6.84% year-on-year [3]. - Net profit for the first three quarters was 86.2 million yuan, a growth of 42.8% year-on-year [3][4]. - The net profit excluding non-recurring items for the same period was 86.7 million yuan, up 46.63% year-on-year [3]. Profitability Metrics - The gross margin for Q3 2025 was 35.51%, an increase of 1.93 percentage points year-on-year and 1.35 percentage points quarter-on-quarter [4]. - The net profit margin for Q3 2025 was 14.46%, up 3.62 percentage points compared to the same period last year [4]. Cash Flow - The net cash flow from operating activities for the first three quarters reached 139 million yuan, a significant increase of 81.84% year-on-year, attributed to improved customer payment efficiency [5].

Core Insights - Jintuo Co., Ltd. (300400.SZ) released its Q3 2025 report on October 29, 2025, indicating a total of 4 institutional investors holding shares, amounting to 5.7521 million shares, which represents 2.37% of the total share capital [1] Institutional Holdings - The institutional investors include Haichuang (Shanghai) Private Fund Management Co., Ltd., Ping An Bank Co., Ltd., China Foreign Economic and Trade Trust Co., Ltd., and Shandong International Trust Co., Ltd. [1] - The total institutional holding percentage increased by 1.46 percentage points compared to the previous quarter [1] Public Fund Disclosures - One new public fund was disclosed in this period, namely Ping An New Xin Pioneer Mixed A [1] - A total of 87 public funds were not disclosed compared to the previous quarter, including several funds such as China Europe Data Mining Mixed A and Guotou Ruijin CSI 500 Index Enhanced A [1]

Group 1 - Company reported Q3 performance with revenue of approximately 596 million yuan, a year-on-year increase of 6.84% [1] - Net profit attributable to shareholders was about 86.16 million yuan, reflecting a year-on-year increase of 42.8% [1] - Basic earnings per share reached 0.36 yuan, up 44% year-on-year [1] Group 2 - As of the report, the market capitalization of the company is 5.6 billion yuan [2]

Financial Performance - The company's revenue for Q3 2025 was ¥226,841,101.59, a decrease of 1.18% compared to the same period last year, while the year-to-date revenue increased by 6.84% to ¥595,613,105.27[3] - Net profit attributable to shareholders for Q3 2025 was ¥32,801,834.03, representing a significant increase of 33.72% year-on-year, and a year-to-date net profit of ¥86,155,210.99, up 42.80%[3] - Basic earnings per share for Q3 2025 was ¥0.14, reflecting a 40.00% increase compared to the same period last year, with diluted earnings per share also at ¥0.14[3] - Total operating revenue for the current period reached ¥595,613,105.27, an increase of 6.3% compared to ¥557,499,804.20 in the previous period[22] - Net profit for the current period was ¥86,155,210.99, representing a significant increase of 42.6% from ¥60,460,388.85 in the previous period[23] - The total comprehensive income for the period reached CNY 84,020,908.60, an increase from CNY 60,408,360.65 in the previous period[24] - Basic and diluted earnings per share improved to CNY 0.36, compared to CNY 0.25 in the prior period[24] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period reached ¥138,808,994.01, an increase of 81.84% compared to the previous year[11] - Cash inflow from operating activities totaled CNY 622,637,665.71, while cash outflow was CNY 483,828,671.70[24] - The company reported a net cash flow from investing activities of -CNY 11,769,156.69, a decline from CNY 15,198,571.40 in the previous period[25] - Cash flow from financing activities resulted in a net outflow of -CNY 89,108,810.75, compared to -CNY 147,730,876.02 last year[25] - The ending balance of cash and cash equivalents increased to CNY 397,862,819.11 from CNY 313,756,145.91[25] - The net increase in cash and cash equivalents for the year-to-date period was ¥34,310,126.82, a 157.73% improvement compared to the previous year[11] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,227,520,466.13, a 5.62% increase from the end of the previous year[3] - Total liabilities rose to ¥446,477,722.76, up from ¥367,982,861.67, indicating an increase of 21.2%[20] - The company's equity attributable to shareholders decreased by 1.66% to ¥781,042,743.37 compared to the end of the previous year[3] - The equity attributable to shareholders of the parent company decreased to ¥781,042,743.37 from ¥794,190,633.81, a decline of 1.6%[20] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 38.49% to ¥207,383,722.75, primarily due to an increase in dispatched goods[8] - Accounts receivable decreased from 335,687,118.65 RMB to 301,655,772.36 RMB[18] - Inventory increased from 149,745,453.54 RMB to 207,383,722.75 RMB[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,039[13] - The largest shareholder, Wu Xian, holds 32.86% of the shares, totaling 79,729,018 shares[13] Other Financial Metrics - Research and development expenses for the current period were ¥28,636,572.38, down 14.8% from ¥33,606,974.29 in the previous period[23] - The company reported a financial income of ¥6,906,830.03, which decreased from ¥10,132,508.17, a decline of 31.8%[23] - The provision for expected losses increased to ¥10,955,727.17 from ¥7,646,085.16, reflecting a rise of 43.5%[20] Corporate Actions - The company plans to conduct foreign exchange derivative hedging transactions with a total limit not exceeding $30 million, valid for 12 months[17] - The company approved the grant of 2.18 million restricted stock to 53 incentive objects at a price of 8.56 RMB per share[16] - The company has a total of 2,702,400 shares of restricted stock at the end of the reporting period[15] Audit Status - The financial report for the third quarter was not audited[26]