Core Viewpoint - Nanhua Instrument, established in 1996 and listed in 2015, specializes in vehicle and environmental monitoring equipment, showcasing technical advantages in its field [1] Group 1: Business Performance - For Q3 2025, Nanhua Instrument reported revenue of 110 million, ranking 59th among 61 companies in the industry, with the top company, Chuan Yi Co., achieving 4.89 billion [2] - The net profit for the same period was -1.9965 million, placing it 48th in the industry, while the leading company reported a net profit of 469 million [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 9.87%, significantly lower than the industry average of 27.43%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 42.61%, slightly below the industry average of 43.50, reflecting a profitability level close to the industry average [3] Group 3: Executive Compensation - Chairman Yang Yaoguang's salary for 2024 is 426,300, a decrease of 7,000 from 2023 [4] - General Manager Liang Weiming's salary for 2024 is 477,900, an increase of 143,700 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.31% to 11,100, with an average holding of 7,899.88 shares, which is an increase of 9.06% [5]

Core Viewpoint - Nanhua Instrument experienced a 5.06% increase in stock price, reaching 14.12 CNY per share, with a total market capitalization of 1.9 billion CNY as of October 30 [1] Company Overview - Nanhua Instrument Co., Ltd. is located in Nanhai District, Foshan City, Guangdong Province, and was established on April 24, 1996. It was listed on January 23, 2015 [1] - The company specializes in the research, production, and sales of motor vehicle testing equipment and systems, as well as environmental monitoring equipment and systems [1] - The revenue composition of the company includes: 93.29% from motor vehicle testing equipment and systems, 2.73% from environmental testing equipment and systems, 2.52% from urban and rural digital comprehensive solutions, and 1.46% from vehicle management industry networked software [1] Shareholder Information - Noan Fund's Noan Multi-Strategy Mixed A (320016) has entered the top ten circulating shareholders of Nanhua Instrument, holding 943,400 shares, which is 1.08% of the circulating shares [2] - The fund has achieved a year-to-date return of 67.93%, ranking 480 out of 8,152 in its category, and a one-year return of 77.49%, ranking 301 out of 8,038 [2] Fund Manager Performance - The fund manager, Kong Xianzheng, has a tenure of 4 years and 339 days, with a total fund asset size of 5.608 billion CNY and a best return of 85.03% during his tenure [3] - Wang Haichang, another fund manager, has a tenure of 3 years and 101 days, managing assets of 3.427 billion CNY, with a best return of 72.01% during his tenure [3]

Core Viewpoint - The financial report of Nanhua Instrument (stock code: 300417) for the third quarter of 2025 shows significant growth in revenue and net profit, indicating a positive trend in the company's performance despite some challenges in cash flow and asset management [2]. Financial Data Summary - The company's operating revenue for the reporting period reached 46,738,952.48 CNY, representing a 53.63% increase compared to the same period last year [2]. - The net profit attributable to shareholders was 966,377.66 CNY, a substantial increase of 136.34% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 416,251.51 CNY, up 112.94% from the previous year [2]. - The basic and diluted earnings per share were both 0.0072 CNY, reflecting a 136.36% increase compared to the same period last year [2]. - Total assets at the end of the reporting period were 533,698,067.60 CNY, a slight decrease of 0.27% from the end of the previous year [2]. Non-Recurring Gains and Losses - The report includes non-recurring gains and losses, with a total of 550,126.15 CNY for the reporting period, down from 1,264,898.17 CNY in the previous year [4]. Changes in Key Financial Metrics - Cash and cash equivalents increased by 35.90% to 126,447,053.51 CNY, primarily due to the redemption of certain financial products [7]. - Trade financial assets decreased by 32.33% to 84,634,335.96 CNY, also due to the redemption of financial products [7]. - Contract liabilities increased by 101.41% to 19,984,746.77 CNY, indicating a rise in advance payments received [8]. - The net cash flow from operating activities was -2,666,260.28 CNY, a decrease of 158.60% year-on-year, mainly due to payments for materials and performance bonuses [8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,084, with the top ten shareholders holding significant stakes [10]. - The largest shareholder, Yang Yaoguang, holds 12.35% of the shares, followed by Li Yuan with 11.81% and Deng Zhiyi with 11.30% [10]. Other Significant Events - The company completed the acquisition of a controlling stake in Guangdong Jiade Power Clean Technology Co., Ltd., increasing its holdings to 54.47% [15].

Core Insights - Nanhua Instrument reported a revenue of 110 million yuan for the first three quarters of 2025, representing a year-on-year increase of 63.60% [1] - The company recorded a net profit attributable to shareholders of -180,000 yuan, a decline of 100.97% year-on-year [1] - The basic earnings per share stood at -0.00 yuan [2] Financial Performance - The gross profit margin for the first three quarters of 2025 was 42.61%, an increase of 3.01 percentage points year-on-year [2] - The net profit margin was -1.82%, a decrease of 29.35 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 37.64%, up 0.55 percentage points year-on-year but down 6.18 percentage points quarter-on-quarter [2] - The net profit margin for Q3 2025 was 1.76%, an increase of 10.50 percentage points year-on-year but a decrease of 3.26 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 49.28 million yuan, an increase of 13.43 million yuan year-on-year [2] - The expense ratio was 44.82%, down 8.52 percentage points from the same period last year [2] - Sales expenses increased by 36.25%, management expenses by 31.50%, R&D expenses by 39.14%, and financial expenses by 74.83% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 11,100, a decrease of 1,004 or 8.31% from the end of the previous half [3] - The average market value of shares held per shareholder increased from 139,300 yuan to 158,600 yuan, a growth of 13.85% [3] Company Overview - Nanhua Instrument, established on April 24, 1996, and listed on January 23, 2015, is located in Nanhai District, Foshan, Guangdong Province [3] - The company specializes in the R&D, production, and sales of motor vehicle testing equipment and systems, as well as environmental monitoring equipment and systems [3] - The revenue composition includes 93.29% from motor vehicle testing equipment, 2.73% from environmental monitoring equipment, 2.52% from urban digital solutions, and 1.46% from vehicle management software [3] - The company belongs to the machinery and equipment industry, specifically in general equipment and instrumentation [3]

股票代码：300417 股票简称：南华仪器 公告编号：2025-047 佛山市南华仪器股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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。 佛山市南华仪器股份有限公司（以下简称"公司"）第五届董事会第十二次 会议决定于 2025 年 11 月 14 日（星期五）14:30 召开公司 2025 年第二次临时股 东大会(下称"本次股东大会"），现就召开本次股东大会的相关事项通知如下： 一、召开会议基本情况 1．股东大会届次：2025 年第二次临时股东大会。 2．股东大会的召集人：公司董事会。公司于 2025 年 10 月 27 日召开第五届 董事会第十二次会议审议通过《关于提请召开 2025 年第二次临时股东大会的议 案》。 4．会议召开的日期、时间： （1）现场会议召开的日期和时间：2025 年 11 月 14 日（星期五）下午 14:30。 （2）网络投票的日期和时间：2025 年 11 月 14 日（星期五）。 其中：通过深圳证券交易所交易系统进行网络投票的时间：2025 年 11 月 14 日上午 9 ...

股票代码：300417 股票简称：南华仪器 公告编号：2025-043 二、监事会会议审议情况 1、会议以 3 票赞成，0 票反对，0 票弃权，审议通过了《关于〈2025 年第三季度 报告〉的议案》 经审核，监事会认为：公司严格按照公司财务制度规范运作，公司《2025 年第三 季度报告》包含的信息公允、 全面、真实地反映了公司本报告期的财务状况和经营成 果等事项；所出具的财务 报告（未经会计师事务所审计）是客观、公正、真实的；公 司《2025 年第三季度报告》所披露的信息真实、准确、完整，报告所载资料不存在任 何虚假记载、误导性陈述或重大遗漏。 具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）上披露的《2025 年第三季 度报告》，同时《2025 年第三季度报告披露提示性公告》刊登在中国证监会指定信息披 露报刊《证券时报》。 2、会议以 3 票赞成，0 票反对，0 票弃权，审议通过了《关于修订<公司章程>的 议案》 佛山市南华仪器股份有限公司 第五届监事会第十二次会议决议公告 本公司及监事会全体监事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、监事会会议召开 ...

股票代码：300417 股票简称：南华仪器 公告编号：2025-042 佛山市南华仪器股份有限公司 第五届董事会第十二次会议决议公告 本公司及董事会全体董事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、会议召开情况 佛山市南华仪器股份有限公司（以下简称"公司"）第五届董事会第十二次 会议的通知已于 2025 年 10 月 20 日以电话及邮件方式送达各位董事。本次会议 于 2025 年 10 月 27 日 14:00 在公司十九楼会议室以现场与通讯方式召开。本次 会议应参会董事 5 人，实际参会董事 5 人。其中，董事杨耀光、邓志溢、杨伟光、 李苑彬以现场方式参加本次会议，郭剑花以通讯方式出席会议。全体监事及高管 列席本次会议。本次会议的召开符合《公司法》和《佛山市南华仪器股份有限公 司章程》（以下简称"《公司章程》"）及有关法律、法规的规定，会议合法有效。 本次会议推选公司董事杨耀光先生主持。 二、会议表决情况 1、会议以 5 票同意，0 票反对，0 票弃权，审议通过了《关于<2025 年第 三季度报告>及其摘要的议案》 公司根据相关的法律、法规、规范性文件及《公司章程》的 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥46,738,952.48, representing a year-on-year increase of 53.63%[5] - The net profit attributable to shareholders was ¥966,377.66, a significant increase of 136.34% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥416,251.51, up 112.94% year-on-year[5] - The company reported a year-to-date operating revenue of ¥109,954,241.97, which is an increase of 63.60% year-on-year, driven by market expansion and policy support[8] - Total operating revenue for the current period reached ¥109,954,241.97, a significant increase from ¥67,208,290.12 in the previous period, reflecting a growth of approximately 63.9%[20] - The total revenue for the current period is 125,247,974.02 CNY, an increase from 82,150,179.51 CNY in the previous period, representing a growth of approximately 52.4%[22] Profitability - The company's net profit margin for the current period was negative, indicating challenges in profitability despite revenue growth[20] - Operating profit for the current period was reported at -¥1,786,981.04, a decline from the previous period's profit of ¥17,715,093.14[20] - The total profit (loss) for the current period is -1,945,298.93 CNY, compared to a profit of 17,750,508.45 CNY in the previous period[21] - The net profit attributable to the parent company's shareholders is -179,985.34 CNY, while the previous period's profit was 18,508,556.12 CNY[21] - The comprehensive income total for the current period is -2,034,176.36 CNY, contrasting with 18,495,295.77 CNY in the previous period[21] - The basic and diluted earnings per share for the current period are both -0.0013 CNY, compared to 0.1375 CNY in the previous period[21] Cash Flow - The cash flow from operating activities showed a net outflow of ¥2,666,260.28, a decrease of 158.60% compared to the same period last year[9] - The net cash flow from operating activities is -2,666,260.28 CNY, a decline compared to a positive cash flow of 4,549,578.80 CNY in the previous period[22] - The total operating cash inflow is 127,603,953.11 CNY, while the total operating cash outflow is 130,270,213.39 CNY, resulting in a net cash flow from operating activities of -2,666,260.28 CNY[22] - The net cash flow from investing activities is 37,254,422.33 CNY, down from 46,014,175.00 CNY in the previous period[22] - Cash and cash equivalents at the end of the period amounted to ¥126,447,053.51, up from ¥93,047,449.87 at the beginning of the period, indicating a growth of approximately 35.8%[17] - The cash and cash equivalents at the end of the period amount to 121,342,473.15 CNY, an increase from 92,817,403.37 CNY in the previous period[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥533,698,067.60, a slight decrease of 0.27% from the end of the previous year[5] - Total assets decreased slightly to ¥533,698,067.60 from ¥535,121,883.69, a reduction of about 0.3%[19] - Total liabilities increased to ¥52,685,955.53 from ¥52,075,595.26, marking an increase of approximately 1.2%[18] - Non-current assets totaled ¥181,188,887.18, down from ¥188,460,862.74, reflecting a decrease of about 3.6%[18] - The company's inventory rose to ¥84,388,244.01 from ¥80,195,998.98, an increase of approximately 5.5%[17] - Long-term equity investments increased to ¥24,177,572.76 from ¥22,272,389.08, showing a growth of about 8.6%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,084[11] - The top shareholder, Yang Yaoguang, holds 12.35% of shares, totaling 16,616,000 shares[11] - The second-largest shareholder, Li Yuan, owns 11.81% of shares, amounting to 15,887,350 shares[11] - The number of shares held by the top ten shareholders is significant, with the largest holding being over 16 million shares[12] - The company has a total of 47,000,962 restricted shares at the end of the reporting period[14] - The company’s management includes several directors and senior executives with significant shareholdings, indicating strong insider ownership[12] - The company has not reported any changes in the participation of major shareholders in margin trading activities[12] Acquisition - The company has acquired 39.4745% of Guangdong Jiadeli Clean Technology Co., Ltd., increasing its total holdings to 54.4745%[15] - The company previously held 1.5 million shares of Jiadeli, representing 15% before the acquisition[15] - The acquisition was completed on October 22, 2025, and Jiadeli has become a subsidiary of the company[15] Other Information - Research and development expenses for the year-to-date period amounted to ¥8,493,622.77, reflecting a 39.14% increase compared to the previous year[9] - The weighted average return on net assets was 0.21%, showing a decrease of 0.04% compared to the previous year[5] - The company reported a significant increase in fair value gains of 289.89%, totaling ¥595,572.68, attributed to increased investment income[9] - The company has not undergone an audit for the third quarter financial report[24]

对外担保管理制度 第一条 为了保护投资者的合法权益，加强公司银行信用和担保管理，规避和降低 经营风险，根据《中华人民共和国民法典》、《中华人民共和国公司法》、《上市公司监 管指引第 8 号-上市公司资金往来、对外担保的监管要求》、《深圳证券交易所上市公司 自律监管指引第 2 号-创业板上市公司规范运作》和《佛山市南华仪器股份有限公司章 程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 本制度所称对外担保，是指公司或控股子公司以第三人的身份为债务人对 其所负债务提供担保（包括公司对控股子公司的担保），当债务人不履行债务时，由公 司或控股子公司按照约定履行债务、承担责任的行为。 第三条 公司对外担保实行统一管理，非经公司董事会或股东会批准、授权，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第四条 本制度适用于本公司及本公司的全资、控股子公司。未经公司批准，子公 司不得对外提供担保，不得相互提供担保。 佛山市南华仪器股份有限公司 第五条 公司独立董事应在年度报告中，对公司报告期末尚未履行完毕和当期发生 的对外担保情况、执行本制度规定情况进行专项说明，并发表独立意见。 第六条 ...

佛山市南华仪器股份有限公司 外部信息使用人管理制度 第二条 本制度适用于公司及下设的各部门，控股子公司、分公司及公司的董事、 高级管理人员和其他可以接触、获取公司重大未公开信息的人员。 第一条 为加强佛山市南华仪器股份有限公司（以下简称"公司"）定期报告、临 时公告及重大事项在编制、审议和披露期间的外部信息使用人管理，规范外部信息报 送管理，维护信息披露的公平原则，保护投资者的合法权益，依据现行有效的《中华 人民共和国公司法》、《中华人民共和国证券法》、《上市公司信息披露管理办法》、《深 圳证券交易所创业板股票上市规则》等法律、法规、规范性文件和《佛山市南华仪器 股份有限公司章程》、《信息披露管理制度》等有关规定，结合公司实际情况，制定本 制度。 4 位提前报送统计报表等资料的，公司应当提示报送的外部单位及相关人员认真履行保 密义务和禁止内幕交易的义务，公司应将报送的相关外部单位及个人作为内幕信息知 情人登记备案。 第三条 本制度所指"信息"是指涉及公司的经营、财务等对公司证券价格可能产 生重大影响的信息，包括但不限于定期报告、临时公告、业绩预告、财务快报、统计 数据、需报批的重大事项等。 第四条 董事会是信 ...