Core Viewpoint - Anke Detection (300572.SZ) reported a slight decline in revenue and continued losses in its Q3 2025 financial results, raising concerns about its governance following penalties imposed on its subsidiaries for issuing false emission inspection reports [1][2]. Financial Performance - For the first three quarters, the company achieved a revenue of 326 million yuan, a year-on-year decrease of 0.17% [1]. - The net profit attributable to shareholders was -21.19 million yuan, although this represented a 19.52% improvement in loss compared to the same period last year [1][4]. - The net profit excluding non-recurring gains and losses was -29.49 million yuan, with a gross margin of 30.84%, showing a slight increase of 0.16 percentage points year-on-year [4]. Governance and Compliance Issues - Two subsidiaries of Anke Detection, Zhuhai Jinsheng Automotive Testing Co., Ltd. and Zhuhai Jinda Automotive Testing Co., Ltd., were fined a total of 262,500 yuan for issuing false emission inspection reports [2]. - The penalties included a fine of 137,500 yuan for Jinsheng and 125,000 yuan for Jinda, along with the confiscation of illegal gains [2]. Control Change - In August, Anke Detection announced a control change plan where Shanghai Xirui Technology Co., Ltd. intends to become the new controlling shareholder through a share transfer and voting rights delegation [3]. - Xirui Technology plans to acquire 14.72 million shares at a price of 21.84 yuan per share, totaling approximately 322 million yuan, which will give it control over 20% of the voting rights [3]. Cost Management - The total period expenses for the company were 136 million yuan, a decrease of 6.57% year-on-year, with a period expense ratio of 41.57%, down 2.86 percentage points [4]. - Sales and R&D expenses decreased by 8.24% and 33.31%, respectively, while financial expenses increased by 58.64% due to rising financing costs [4]. Shareholder Information - As of the end of Q3, the total number of shareholders reached 16,400, an increase of 4,138 shareholders, representing a growth of 33.69% compared to the end of the previous half [5].

Core Insights - Nine listed companies have recently been exposed to environmental risks, with three being state-controlled enterprises [2][3][4] Group 1: Environmental Violations and Penalties - Anke Detection's two subsidiaries, Zhuhai Jinsheng Automotive Testing Co., Ltd. and Zhuhai Jinda Automotive Testing Co., Ltd., were fined a total of 262,500 yuan for issuing false emission inspection reports [2][3] - Wan Feng Co., Ltd.'s subsidiary, Shaoxing Sand New Materials Co., Ltd., was fined 180,000 yuan for exceeding pollution discharge limits and evading supervision [3][4] - Lanhua Technology's subsidiary, Shanxi Lanhua Coal Chemical Co., Ltd., was fined 232,000 yuan for exceeding nitrogen oxide emissions [4][5] - Tianbang Food's subsidiary, Tianbang Food Technology (Hefei) Co., Ltd., was fined 248,000 yuan for failing to construct required waste gas treatment facilities [5] Group 2: Regulatory Framework and Reporting - The penalties were issued based on various environmental protection laws, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law [2][3][4][5] - The public environmental research center (IPE) emphasizes the importance of transparency in environmental information, advocating for a norm of public disclosure [6]

Core Insights - The professional services sector saw a rise of 1.23% on October 31, with Ancar Detection leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Company Performance - Ancar Detection (300572) closed at 35.63, up 8.86% with a trading volume of 163,900 shares and a transaction value of 579 million [1] - Shicun Detection (301228) closed at 25.41, up 5.30% with a trading volume of 51,400 shares and a transaction value of 130 million [1] - Keri International (300662) closed at 29.45, up 4.99% with a trading volume of 102,800 shares and a transaction value of 299 million [1] - Puni Testing (300887) closed at 8.29, up 4.02% with a trading volume of 148,700 shares and a transaction value of 123 million [1] - Zero Point Data (301169) closed at 45.16, up 3.15% with a trading volume of 22,700 shares and a transaction value of 102 million [1] Market Capital Flow - The professional services sector experienced a net inflow of 59.68 million from institutional investors, while retail investors saw a net inflow of 74.99 million [2] - The sector's overall market activity indicated a net outflow of 135 million from speculative funds [2] Detailed Fund Flow - Major net inflows were observed in companies like Zhonggang Tianyuan (002057) with 20.63 million and Lansheng Co. (600826) with 18.61 million [3] - Ancar Detection (300572) had a net inflow of 10.09 million from institutional investors, while it faced a net outflow of 9.43 million from speculative funds [3] - The overall fund flow indicates a mixed sentiment among different investor categories within the professional services sector [3]

Core Viewpoint - Anke Detection is a leading enterprise in the domestic vehicle inspection field, providing comprehensive solutions and possessing full industry chain service capabilities [1] Group 1: Business Performance - In Q3 2025, Anke Detection reported revenue of 326 million yuan, ranking 16th out of 21 in the industry, with the industry leader, Huace Testing, generating 4.702 billion yuan [2] - The main business composition includes vehicle inspection systems at 124 million yuan, accounting for 56.40%, and inspection operation services at 81.7054 million yuan, accounting for 37.16% [2] - The net profit for the same period was -28.1349 million yuan, ranking 19th in the industry, with the industry leader's net profit at 810 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Anke Detection's debt-to-asset ratio was 27.31%, higher than the industry average of 26.67% [3] - The gross profit margin for Q3 2025 was 30.84%, lower than the industry average of 43.39% [3] Group 3: Executive Compensation - Chairman He Xianning's salary for 2024 is 1 million yuan, unchanged from the previous year [4] - General Manager Ma Du's salary for 2024 is 236,900 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 33.69% to 16,400 [5] - The average number of circulating A-shares held per shareholder decreased by 25.20% to 11,200 [5]

Market Overview - The professional services sector increased by 0.83% on the previous trading day, with Anche Detection leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up by 1.18%, while the Shenzhen Component Index closed at 13489.4, up by 1.51% [1] Top Performers - Anche Detection (300572) closed at 32.72, with a rise of 7.45% and a trading volume of 181,700 shares, totaling a transaction value of 591 million yuan [1] - Shengke Nano (688757) closed at 31.05, up by 6.70%, with a trading volume of 51,100 shares and a transaction value of 158 million yuan [1] - Gangyan Nake (300797) closed at 18.36, increasing by 6.62%, with a trading volume of 209,300 shares and a transaction value of 379 million yuan [1] Underperformers - Shishi Testing (300416) closed at 16.02, down by 3.73%, with a trading volume of 330,800 shares and a transaction value of 532 million yuan [2] - Guangdong Jianke (301632) closed at 29.59, decreasing by 2.08%, with a trading volume of 75,100 shares and a transaction value of 222 million yuan [2] - Xince Standard (300938) closed at 26.55, down by 1.96%, with a trading volume of 143,300 shares and a transaction value of 389 million yuan [2] Capital Flow - The professional services sector experienced a net outflow of 202 million yuan from institutional investors, while retail investors saw a net inflow of 122 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Anche Detection (301289) had a net inflow of 25.6 million yuan from institutional investors, while it faced a net outflow of 21.6 million yuan from retail investors [3] - Gangyan Nake (300797) saw a net inflow of 13.6 million yuan from institutional investors and a net inflow of 15.1 million yuan from speculative investors [3] - Zhonggang Tianyuan (002057) had a net inflow of 7.4 million yuan from institutional investors, while retail investors experienced a net outflow of 11.3 million yuan [3]

Group 1 - The core point of the article is that Anchek Detection (300572.SZ) reported a decline in revenue and a net loss for the third quarter of 2025 [1] Group 2 - The company's operating revenue for the third quarter was 106 million yuan, representing a year-on-year decrease of 1.11% [1] - The net profit attributable to shareholders of the listed company was a loss of 6.71 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 9.18 million yuan [1]

Core Viewpoint - Anke Detection (300572.SZ) reported a decline in revenue and incurred net losses in the first three quarters of 2025 [1] Financial Performance - The company's operating revenue for the first three quarters was 326 million yuan, representing a year-on-year decrease of 0.17% [1] - The net loss attributable to shareholders of the listed company was 21.19 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 29.49 million yuan [1] - The basic loss per share was 0.11 yuan [1]

一、监事会会议召开情况 深圳市安车检测股份有限公司（以下简称"公司"）第四届监事会第十七次 会议于 2025 年 10 月 24 日在广东省深圳市南山区学府路 63 号高新区联合总部大 厦 35 楼会议室以现场结合通讯表决的方式召开，会议通知已于 2025 年 10 月 14 日以书面、电子邮件的方式送达参会人员。会议应出席监事 3 名，实际出席监事 3 名。 会议由监事会主席潘明秀女士主持，公司董事会秘书李云彬先生列席了本次 会议。本次会议的召开符合有关法律、行政法规、部门规章、规范性文件及《公 司章程》的规定。 二、监事会会议审议情况 （一）审议通过《公司 2025 年第三季度报告》。 表决结果：同意 3 票，反对 0 票，弃权 0 票，回避 0 票。 证券代码：300572 证券简称：安车检测 公告编号：2025-041 深圳市安车检测股份有限公司 第四届监事会第十七次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 （http://www.cninfo.com.cn/new/index）。 三、备查文件 （一）《第四届监事会第十七次会议决议 ...

证券代码：300572 证券简称：安车检测 公告编号：2025-040 本议案已经审计委员会审议通过。 一、董事会会议召开情况 深圳市安车检测股份有限公司（以下简称"公司"）第四届董事会第十八次 会议于 2025 年 10 月 24 日在广东省深圳市南山区学府路 63 号高新区联合总部大 厦 35 楼会议室以现场结合通讯表决的方式召开，会议通知已于 2025 年 10 月 14 日以书面、电子邮件的方式送达参会人员。本次会议应出席董事 7 人，实际出席 董事 7 人。 会议由公司董事长贺宪宁先生主持，公司监事、高级管理人员列席了会议。 本次会议的召开符合有关法律、行政法规、部门规章、规范性文件及《公司章程》 的规定。 二、董事会会议审议情况 （一）审议通过《公司 2025 年第三季度报告》。 表决结果：同意 7 票，反对 0 票，弃权 0 票，回避 0 票。 经审议，董事会认为：《公司 2025 年第三季度报告》的编制程序符合法律 法规、中国证监会和深圳证券交易所的规定，报告内容真实、准确、完整地反映 了公司经营的实际情况，不存在任何虚假记载、误导性陈述或重大遗漏。 深圳市安车检测股份有限公司 第四届董事会第 ...

Financial Performance - Q3 2025 revenue was CNY 106,464,976.38, a decrease of 1.11% year-over-year[5] - Net profit attributable to shareholders was a loss of CNY 6,711,104.54, an increase in loss of 40.30% year-over-year[5] - Net profit excluding non-recurring items was a loss of CNY 9,175,818.04, an increase in loss of 38.43% year-over-year[5] - Total operating revenue for Q3 2025 was CNY 326,340,656.62, a slight decrease of 0.17% compared to CNY 326,882,485.99 in the same period last year[30] - Net profit for the period was a loss of CNY 28,134,945.49, an improvement from a loss of CNY 32,660,490.63 in the previous year, indicating a reduction in losses by about 13.5%[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 21,637,262.89, an increase of 263.29%[5] - Operating cash inflow totaled $442.31 million, an increase of 12.7% from $392.63 million in the previous period[33] - Net cash flow from operating activities was $21.64 million, a significant improvement from a net outflow of $13.25 million in the prior period[34] - Total cash outflow from operating activities was $420.68 million, an increase from $405.88 million in the prior period[34] Assets and Liabilities - Total assets as of September 30, 2025, were CNY 2,476,819,310.41, a decrease of 2.11% from the end of the previous year[5] - The company's total assets decreased to CNY 2,476,819,310.41 from CNY 2,530,154,400.51, a decline of approximately 2.1%[29] - Total current assets decreased from 1,683,200,772.68 CNY to 1,651,308,083.05 CNY, a reduction of approximately 1.9%[27] - Total liabilities remained relatively stable at CNY 676,401,560.55 compared to CNY 676,485,518.00, showing a negligible change[29] - The total equity attributable to shareholders decreased to CNY 1,771,267,031.94 from CNY 1,792,521,501.68, a decline of about 1.2%[29] Borrowings and Financial Leverage - Short-term borrowings increased by 1669.60% to CNY 10,971,500.00 compared to the end of the previous year[10] - The company’s short-term borrowings increased significantly to CNY 10,971,500.00 from CNY 620,000.00, indicating a rise in financial leverage[29] Research and Development - R&D expenses decreased by 33.31% to CNY 21,636,621.76 for the year-to-date compared to the same period last year[13] - The company reported a decrease in research and development expenses to CNY 21,636,621.76 from CNY 32,444,329.91, a reduction of approximately 33.3%[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,419[20] - The largest shareholder, He Xian Ning, holds 25.72% of shares, totaling 58,889,686 shares, with 14,722,421 shares pledged[20] - The company has a repurchase account holding 3,217,100 shares, accounting for 1.4049% of the total share capital[20] Other Income and Expenses - Other income decreased by 66.23% to CNY 2,871,300.97 for the year-to-date compared to the same period last year[13] - Cash paid for dividends and interest increased by 460.04% to CNY 25,505,873.89 compared to the same period last year[18] - Tax refunds received decreased by 89.19% to CNY 546,533.60 compared to the same period last year[17] Inventory and Fixed Assets - Cash and cash equivalents decreased from 923,552,003.32 CNY to 726,281,731.97 CNY, a decline of about 21.4%[27] - Inventory increased from 236,914,156.19 CNY to 265,315,225.08 CNY, an increase of approximately 12.1%[27] - Fixed assets decreased from 204,687,009.28 CNY to 193,407,261.16 CNY, a decline of about 5.5%[27] Contract Liabilities - The company’s contract liabilities increased to CNY 179,565,427.57 from CNY 147,885,339.13, reflecting a growth of approximately 21.4%[29] Cash Flow from Investment and Financing Activities - Cash inflow from investment activities was $1.34 billion, down from $1.57 billion year-over-year[34] - Net cash flow from investment activities was -$176.13 million, compared to a positive $44.24 million in the previous period[34] - Cash inflow from financing activities was $17.44 million, slightly up from $15.39 million in the prior period[34] - Net cash flow from financing activities was -$72.57 million, worsening from -$64.53 million year-over-year[34] - The ending cash and cash equivalents balance was $679.87 million, down from $740.77 million in the previous period[34] Company Developments - The company is planning a change in control with He Xian Ning signing a share transfer agreement with Shanghai Xirui Technology Co., Ltd.[24] - The company has not disclosed any new product or technology developments in the current reporting period[25]