Core Viewpoint - Puyang Huicheng (300481.SZ) reported a decline in both revenue and net profit for the first three quarters of the year, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 1.069 billion yuan, a year-on-year decrease of 1.36% [1] - The net profit attributable to shareholders was 109 million yuan, reflecting a year-on-year decline of 27.55% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 101 million yuan, down 27.76% year-on-year [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Puyang Huicheng in Q3, indicating a decline in revenue and net profit compared to the previous year [1] Group 2 - For the first three quarters of 2025, the company reported revenue of approximately 1.069 billion yuan, a year-on-year decrease of 1.36% [1] - The net profit attributable to shareholders was about 109 million yuan, reflecting a year-on-year decrease of 27.55% [1] - The basic earnings per share were 0.37 yuan, which is a decrease of 27.45% compared to the same period last year [1]

Core Viewpoint - Puyang Huicheng (300481.SZ) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 1.069 billion yuan, a year-on-year decrease of 1.36% [1] - The net profit attributable to shareholders of the listed company was 109 million yuan, down 27.55% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 101 million yuan, reflecting a decrease of 27.76% year-on-year [1] - Basic earnings per share were 0.37 yuan [1]

濮阳惠成电子材料股份有限公司 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 濮阳惠成电子材料股份有限公司（以下简称"公司"）第五届董事会第二十 三次会议于 2025 年 10 月 23 日以通讯的方式召开。会议通知已于 2025 年 10 月 16 日通过邮件的方式送达各位董事。会议应出席董事 7 名，实际出席董事 7 名。 本次会议召开符合《公司法》和《公司章程》等有关规定。 二、董事会会议审议情况 经与会董事审议，以投票表决方式审议了以下议案： 1.审议通过《关于公司<2025 年第三季度报告>的议案》 证券代码：300481 证券简称：濮阳惠成 公告编号：2025-059 濮阳惠成电子材料股份有限公司 第五届董事会第二十三次会议决议的公告 1.第五届董事会第二十三次会议决议； 2.第五届董事会审计委员会第十二次会议决议。 特此公告。 濮阳惠成电子材料股份有限公司董事会 2025年10月24日 公司董事会经审查认为：公司对《2025 年第三季度报告》的编制和审核程 序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地 ...

Financial Performance - The company's revenue for Q3 2025 was ¥348,320,862.34, representing a decrease of 4.73% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥38,000,857.22, an increase of 1.49% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥35,852,980.70, up by 4.06%[4]. - Year-to-date revenue reached ¥1,069,225,527.63, down 1.36% from the previous year, with a year-to-date net profit of ¥108,644,571.12, a decline of 27.55%[4]. - Total operating revenue for the period was CNY 1,069,225,527.63, a decrease of 1.3% compared to CNY 1,083,951,749.07 in the previous period[21]. - Net profit for the period was CNY 108,658,097.24, down 27.5% from CNY 149,972,667.72 in the previous period[21]. - Basic and diluted earnings per share were both CNY 0.37, compared to CNY 0.51 in the previous period[22]. Assets and Liabilities - The company's total assets as of September 30, 2025, were ¥2,993,257,966.27, reflecting a 6.40% increase from the end of the previous year[4]. - Total assets increased to 2,993,257,966.27 RMB from 2,813,131,398.21 RMB, reflecting a growth of approximately 6.4%[17]. - Current assets totaled 1,854,716,521.08 RMB, up from 1,779,143,110.09 RMB, indicating an increase of about 4.2%[17]. - Total liabilities increased to CNY 590,110,451.07, up from CNY 401,550,924.92[18]. - The company’s total current liabilities rose to CNY 545,715,056.71, compared to CNY 381,128,269.55 previously[18]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥122,278,329.46, down 47.20% compared to the same period last year[4]. - The net cash inflow from operating activities was CNY 122,278,329.46, a decrease of 47.3% compared to CNY 231,604,741.49 in the previous period[24]. - Cash generated from operating activities was CNY 1,210,372,277.76, an increase from CNY 1,140,275,482.81 in the previous period[23]. - Cash inflow from financing activities totaled CNY 406,341,816.66, significantly higher than CNY 125,000,000.00, marking an increase of 225.1%[24]. - The net cash flow from financing activities was CNY 12,926,086.49, recovering from a net outflow of CNY -187,334,226.21 in the previous period[24]. Inventory and Investments - The company reported a significant increase in inventory, which rose by 32.59% to ¥198,385,754.33, attributed to increased stockpiling[8]. - Long-term equity investments increased to ¥126,056,292.86, marking a 100% change due to equity acquisitions[8]. - Long-term equity investments amounted to 126,056,292.86 RMB, indicating a strategic focus on long-term growth[17]. - Inventory increased to 198,385,754.33 RMB from 149,619,822.48 RMB, representing a growth of approximately 32.5%[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,846[11]. - The largest shareholder, Qu Shui Ao Cheng Industrial Co., Ltd., holds 35.24% of shares, totaling 102,858,211 shares[11]. - The company’s cash dividend distribution plan for the first half of 2025 is set at 2 RMB per 10 shares, based on a total share capital of 291,855,438 shares[15]. Research and Development - The company reported a significant increase in research and development expenses to CNY 60,469,991.60, compared to CNY 57,556,585.85 in the previous period[21].

Core Viewpoint - Puyang Huicheng reported a decline in revenue for the third quarter, while net profit showed a slight increase compared to the previous year [1] Financial Performance - The revenue for the third quarter was 348 million yuan, a year-on-year decrease of 4.73% [1] - The net profit for the third quarter was 38.01 million yuan, a year-on-year increase of 1.49% [1] - For the first three quarters, the total revenue was 1.069 billion yuan, a year-on-year decrease of 1.36% [1] - The net profit for the first three quarters was 109 million yuan, a year-on-year decrease of 27.55% [1]

格隆汇10月24日丨濮阳惠成(300481.SZ)在投资者互动平台表示，公司不生产光刻胶。 ...

Core Viewpoint - The company actively responds to investor inquiries while adhering to legal regulations and confidentiality requirements, but does not disclose specific product sales figures to avoid competitive risks [1] Group 1 - The company emphasizes compliance with laws and regulations in its communication with investors [1] - The company aims to protect its long-term development by limiting the disclosure of sensitive information [1] - The company acknowledges the potential competitive risks associated with sharing detailed sales information [1]

Core Viewpoint - Puyang Huicheng (300481.SZ) has a diverse application of its products across various sectors, including electronic component packaging materials, electrical equipment insulation materials, wind power, composite materials, and coatings [1] Group 1 - The company's functional material intermediates are primarily used in organic optoelectronic materials [1]

Group 1 - The company, Puyang Huicheng (300481.SZ), does not produce carbon fiber [1] - The main business activities include the research, production, and sales of anhydride derivatives and functional material intermediates [1] - The products are widely used in various fields such as electronic component packaging materials, electrical equipment insulation materials, wind power, composite materials, and coatings [1]