Core Viewpoint - Xinghui Co., Ltd. reported a decrease in revenue for the first three quarters of 2025, while net profit showed significant growth, indicating a mixed financial performance [1] Financial Performance - The company achieved an operating revenue of 1.112 billion yuan, a year-on-year decrease of 6.23% [1] - The net profit attributable to shareholders of the listed company was 2.6922 million yuan, reflecting a year-on-year increase of 106.21% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 24.1323 million yuan, representing a year-on-year increase of 468.65% [1] - Basic earnings per share were reported at 0.0059 yuan [1]

证券代码：300464 证券简称：星徽股份 公告编号：2025-130 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》 公司编制的《2025 年第三季度报告》公允地反映了公司的经营状况和经营 成果，报告所披露的信息真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏。 《2025 年第三季度报告》（公告编号：2025-131）同日披露于巨潮资讯网 （www.cninfo.com.cn）。 广东星徽精密制造股份有限公司 第五届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，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 广东星徽精密制造股份有限公司（以下简称"公司"）第五届董事会第十五 次会议于 2025 年 10 月 27 日在公司会议室以现场结合通讯方式召开，本会议通 知已于 2025 年 10 月 22 日以通讯方式发出。本次会议应出席董事 7 名，实际出 席董事 7 名。会议由公司董事长谢晓华女士主持，高级管理人员列席了本次会议。 本次会议的召开符合《中华人民共和国公司法》等相关法律法规和《广东星徽精 密制造股份有限公 ...

Group 1 - The company reported a revenue of 11.121 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 6.23% [1] - The net profit attributable to shareholders of the listed company was 2.7 million yuan, showing a year-on-year increase of 106.21% [1] - Basic earnings per share were 0.0059 yuan, reflecting a year-on-year growth of 106.37% [1]

Group 1 - The core point of the article is that Xinghui Co., Ltd. (SZ 300464) held its 15th meeting of the 5th board of directors on October 27, 2025, to review the proposal for the third quarter report of 2025 [1] - For the year 2024, the revenue composition of Xinghui Co., Ltd. is as follows: manufacturing of construction and safety metal products accounts for 64.95%, cross-border e-commerce accounts for 33.54%, and other businesses account for 1.51% [1] - As of the time of reporting, the market capitalization of Xinghui Co., Ltd. is 3.2 billion yuan [1]

Core Insights - The company reported third-quarter revenue of 386 million yuan, representing a year-on-year increase of 0.33% [1] - Net profit for the third quarter was 12.829 million yuan, showing a significant year-on-year growth of 124.33% [1] - For the first three quarters, total revenue was 1.112 billion yuan, reflecting a year-on-year decline of 6.23% [1] - Net profit for the first three quarters reached 2.6922 million yuan, which is a year-on-year increase of 106.21% [1]

Financial Performance - The company's revenue for Q3 2025 was CNY 385,919,235.13, representing a slight increase of 0.33% compared to the same period last year[5]. - Net profit attributable to shareholders reached CNY 12,828,959.68, a significant increase of 124.33% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,872,925.49, up 367.84% compared to the previous year[5]. - Basic earnings per share for the period was CNY 0.0280, reflecting a growth of 124.89% year-on-year[5]. - Total operating revenue for the current period is ¥1,112,103,668.69, a decrease of 6.2% from ¥1,186,037,683.31 in the previous period[20]. - Net profit for the current period is ¥4,581,677.78, compared to a net loss of ¥41,561,436.10 in the previous period[21]. - Earnings per share (basic and diluted) improved to ¥0.0059 from a loss of ¥0.0926[22]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 1,480,274,962.36, an increase of 3.59% from the end of the previous year[5]. - The company reported a total asset of ¥1,480,274,962.36 as of September 30, 2025, an increase from ¥1,428,920,996.90 at the beginning of the period[17]. - Current assets totaled ¥933,847,131.76, up from ¥863,426,344.54 at the start of the period, indicating a growth of approximately 8.1%[17]. - The company reported a total non-current asset of ¥546,427,830.60, down from ¥565,494,652.36, indicating a decrease of about 3.4%[18]. - The company's total liabilities increased slightly to ¥1,320,995,546.87 from ¥1,280,425,435.85[19]. - The total current liabilities decreased to ¥971,172,144.14 from ¥1,031,649,150.35, a reduction of approximately 5.8%[18]. Cash Flow - The company reported a decline in operating cash flow, with a net cash flow from operating activities of CNY 15,107,856.01, down 60.98% year-to-date[5]. - The net cash flow from operating activities was $15,107,856.01, a decrease of 61.0% compared to $38,721,586.42 in the previous period[24]. - Cash inflow from financing activities totaled $525,465,278.34, an increase of 93.5% compared to $271,581,099.75 in the previous period[24]. - The ending cash and cash equivalents balance was $74,855,210.24, up from $59,473,626.44 in the previous period[24]. - Total cash outflow from operating activities was $1,154,374,715.64, compared to $1,103,003,655.07 in the previous period[24]. Shareholder Information - The company has a total of 23,838 common shareholders as of the end of the reporting period[10]. - Major shareholder Xie Xiaohua holds 22.33% of the shares, with 83,700,000 shares pledged and 18,165,218 shares frozen[10]. - The equity attributable to shareholders of the parent company increased to ¥138,862,066.10 from ¥129,983,081.93[19]. Operational Efficiency - The significant increase in net profit was attributed to cost structure optimization and enhanced operational efficiency through smart automation[8]. - Total operating costs decreased to ¥1,067,363,102.88, down 9.2% from ¥1,175,772,917.02[20]. - Investment income rose to ¥19,252,397.48, compared to ¥10,580,324.40 in the previous period[21]. Other Information - The company plans to lift restrictions on 37,274,248 shares, with a significant portion related to performance commitments set to be lifted by February 19, 2025[14]. - The company did not undergo an audit for the third quarter financial report[26]. - The new accounting standards will be implemented starting in 2025[25].

Market Overview - The internet e-commerce sector increased by 0.8% on October 27, with Xin Xun Da 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] Individual Stock Performance - Xin Xun Da (300518) closed at 15.09, with a rise of 11.04% and a trading volume of 338,000 shares, totaling a transaction value of 517 million yuan [1] - Kuaijingtong (002640) closed at 5.12, up 4.07%, with a trading volume of 2.119 million shares [1] - Saiwei Times (301381) closed at 23.66, increasing by 2.65% with a trading volume of 54,100 shares [1] - Other notable performers include Xinghui Co. (300464) and Huakai Yibai (300592), with increases of 2.36% and 1.55% respectively [1] Capital Flow Analysis - The internet e-commerce sector saw a net inflow of 70.5 million yuan from institutional investors, while retail investors experienced a net outflow of 2.2 million yuan [2][3] - Kuaijingtong (002640) had a significant net inflow of 106 million yuan from institutional investors, while retail investors saw a net outflow of 80.8 million yuan [3] - Xin Xun Da (300518) recorded a net inflow of 10.9 million yuan from institutional investors, with retail investors experiencing a net outflow of 52 million yuan [3]

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。 重要内容提示： 1、案件所处的诉讼阶段：案件受理阶段。 证券代码：300464 证券简称：星徽股份 公告编号：2025-129 广东星徽精密制造股份有限公司 关于诉讼暨诉讼进展的公告 月 27 日披露的《关于累计诉讼、仲裁情况暨诉讼进展的公告》（公告编号： 2025-004）、执行情况详见公司于 2025 年 3 月 10 日披露的《关于诉讼的进展公 告》（公告编号：2025-008）。 二、有关本案的基本情况 （一）诉讼各方当事人 原告：孙才金、朱佳佳、深圳市亿网众盈投资管理合伙企业（有限合伙）、 深圳市广富云网投资管理合伙企业（有限合伙）、深圳市恒富致远投资管理合伙 企业（有限合伙）、深圳市泽宝财富投资管理合伙企业（有限合伙）。 被告：公司、深圳市星徽创新投资有限公司、广东华徽贸易有限公司、清远 星徽。 2、公司及子公司所处的当事人地位：被告。 3、涉案的金额：人民币 8,546.53 万元。 4、对上市公司损益产生的影响：本案与公司前期已披露的（2023）粤 03 民终 32758 号案件（已判决，尚处于执 ...

Market Overview - On October 23, the internet e-commerce sector declined by 0.48%, with Qingmu Technology leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Notable gainers in the internet e-commerce sector included: - Xinjinda (300518) with a closing price of 13.52, up 3.84% on a trading volume of 109,600 shares and a turnover of 146 million yuan [1] - Jiaodian Technology (002315) closed at 44.40, up 2.94% with a trading volume of 58,500 shares and a turnover of 255 million yuan [1] - Conversely, significant decliners included: - Yumu Technology (301110) which fell by 6.88% to a closing price of 70.49 with a trading volume of 55,000 shares and a turnover of 38.7 million yuan [2] - Yiwan Yichuang (300792) decreased by 3.52% to 29.34, with a trading volume of 129,700 shares and a turnover of 379 million yuan [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 28.67 million yuan from institutional investors and 45.72 million yuan from speculative funds, while retail investors saw a net inflow of 74.39 million yuan [2] - Detailed capital flow for selected stocks showed: - Xinjinda (300518) had a net outflow of 21.82 million yuan from institutional investors [3] - Jiaodian Technology (002315) saw a net inflow of 18.16 million yuan from institutional investors [3] - Qingmu Technology (301110) had a net inflow of 14.98 million yuan from institutional investors [3]

Market Overview - On October 22, the internet e-commerce sector declined by 0.87%, with 壹网壹创 leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the internet e-commerce sector showed varied performance, with 新迅达 closing at 13.02, up 0.93%, and 壹网壹创 closing at 30.41, down 2.09% [1][2] - The trading volume and turnover for selected stocks indicate active trading, with 跨境通 recording a turnover of 235 million yuan [1] Capital Flow - The internet e-commerce sector experienced a net outflow of 174 million yuan from institutional investors, while retail investors saw a net inflow of 127 million yuan [2] - Specific stocks like 青木科技 had a net inflow of 10.23 million yuan from institutional investors, while ST通葡 saw a significant net outflow of 2.81 million yuan [3]