Core Viewpoint - Viyang Co., Ltd. has experienced a decline in stock price and significant decreases in revenue and net profit for the year 2025, indicating potential challenges in its business operations [1][2]. Company Performance - As of October 29, Viyang's stock price decreased by 2.08% to 8.96 CNY per share, with a trading volume of 9.43 million CNY and a turnover rate of 0.51%, resulting in a total market capitalization of 1.86 billion CNY [1]. - Year-to-date, Viyang's stock price has fallen by 5.68%, with a 6.08% decline over the last five trading days, a slight increase of 0.45% over the last 20 days, and a 3.97% decrease over the last 60 days [1]. - For the period from January to September 2025, Viyang reported operating revenue of 6.12 billion CNY, a year-on-year decrease of 35.84%, and a net profit attributable to shareholders of -9.93 million CNY, representing a year-on-year decline of 174.56% [1]. Business Structure - Viyang's main business activities include design and construction of building decoration projects, with revenue composition as follows: decoration construction 60.47%, civil construction 38.67%, other (supplementary) 0.45%, and decoration design 0.42% [1]. - The company is classified under the Shenwan industry as part of the construction decoration sector, specifically in the renovation and decoration categories [1]. Shareholder Information - As of September 30, 2025, Viyang had 12,300 shareholders, a decrease of 6.58% from the previous period, with an average of 16,441 circulating shares per shareholder, an increase of 7.05% [1]. - Since its A-share listing, Viyang has distributed a total of 62.15 million CNY in dividends, with 4.16 million CNY distributed over the past three years [2]. - Among the top ten circulating shareholders, the Noan Multi-Strategy Mixed A fund holds 1.54 million shares, an increase of 374,900 shares compared to the previous period [2].

Group 1 - The core point of the article is that Weiye Co., Ltd. held its 10th meeting of the 6th board of directors on October 24, 2025, to review the proposal for the company's Q3 2025 report [1] - For the first half of 2025, Weiye's revenue composition was as follows: 60.88% from the construction decoration industry, 38.67% from civil engineering, and 0.45% from other businesses [1] - As of the report, Weiye's market capitalization is 2 billion yuan [1] Group 2 - The article mentions that the Chinese innovative drug sector has sold overseas authorizations worth 80 billion USD this year [1] - There is a discussion about the hot secondary market in biomedicine, while the primary market is facing challenges in fundraising [1]

2、本次计提减值损失的资产范围和总金额 经公司及子公司对截至 2025 年 9 月 30 日存在可能发生减值迹象的资产，范 围包括存货、应收款项、应收票据、其他应收账款、合同资产、固定资产等，进 行全面清查和资产减值测试后，2025 年前三季度计提信用减值损失和资产减值 损失合计金额为 8,098.40 万元，明细如下： 1）本次计提应收款项信用减值损失金额为7,037.44万元 证券代码：300621 证券简称：维业股份 公告编号：2025-073 维业建设集团股份有限公司 关于计提 2025 年前三季度信用减值损失和资产减值 损失的公告 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 导性陈述或重大遗漏。 根据《企业会计准则》《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》以及公司相关会计政策的规定，维业建设集团股份有 限公司（以下简称"公司"）2025年前三季度计提信用减值损失和资产减值损失 合计人民币8,098.40万元，现将具体情况公告如下： 一、本次计提减值损失情况概述 1、本次计提减值损失的原因 为客观反映公司财务状况和资产情况，根据《企业会计 ...

维业建设集团股份有限公司 董事会决议公告 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、误导性陈述或重大遗漏。 维业建设集团股份有限公司（以下简称"公司"或"维业股份"）第六届董 事会第十次会议于 2025 年 10 月 24 日以通讯表决方式召开。本次会议于 2025 年 10 月 14 日以书面、电子邮件方式送达了会议通知。会议由代董事长朱佳富先生主 持，应到董事 8 人，实到董事 8 人。公司全体高级管理人员列席本次会议。会议 的召开符合《公司法》和《公司章程》有关规定。审议了如下议案： 证券代码：300621 证券简称：维业股份 公告编号：2025-071 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）上的《2025 年第三季度报告》。 董 事 会 二〇二五年十月二十五日 1 本议案已经公司董事会审计委员会审议通过。 表决结果：同意 8 票、反对 0 票、弃权 0 票。 特此公告。 维业建设集团股份有限公司 一、审议通过《关于公司 2025 年第三季度报告的议案》 根据中国证监会和深圳证券交易所相关规定及《公司章程》等有关要求，结 合公司 202 ...

Core Viewpoint - The company reported a significant decline in net profit for the third quarter, despite a year-on-year increase in revenue, indicating potential challenges in profitability and operational efficiency [1] Financial Performance - The company's revenue for the third quarter was 2.112 billion, representing a year-on-year increase of 13.62% [1] - The net profit for the third quarter was a loss of 20.3595 million, a decrease of 696.71% compared to the previous year [1] - For the first three quarters, the total revenue was 6.12 billion, showing a year-on-year decline of 35.84% [1] - The net profit for the first three quarters was a loss of 9.926 million, which is a decline of 174.56% year-on-year [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥2,111,543,843.65, representing a 13.62% increase compared to the same period last year[4] - The net profit attributable to shareholders was -¥20,359,482.47, a decrease of 696.71% year-on-year[4] - Total operating revenue for the current period is ¥6,119,801,653.91, a decrease of 35.5% compared to ¥9,538,669,611.90 in the previous period[24] - The net profit for the current period is a loss of ¥9,929,811.25, compared to a profit of ¥13,312,817.23 in the previous period[26] - Basic and diluted earnings per share for the current period are both -¥0.05, compared to ¥0.06 in the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,000,716,108.93, an increase of 6.61% from the end of the previous year[4] - Total liabilities amount to ¥14,140,490,963.33, an increase from ¥13,221,683,618.33 in the previous period[22] - The company's total current assets reached RMB 14,420,560,316.65, up from RMB 13,515,690,977.67, indicating a growth of about 6.7%[21] - The company's non-current assets totaled RMB 580,155,792.28, slightly up from RMB 555,016,278.71, showing an increase of approximately 4.5%[21] Cash Flow - The cash flow from operating activities showed a net outflow of -¥890,104,310.25, a decline of 196.08% compared to the same period last year[10] - The net cash flow from operating activities was -890,104,310.25, a decrease from -300,624,733.53 in the previous period, indicating a worsening cash flow situation[29] - Cash generated from operating activities is ¥5,135,213,075.68, a decrease of 39.5% from ¥8,495,368,914.94 in the previous period[28] - Total cash inflow from financing activities was 1,116,791,631.08, compared to 727,060,430.26 in the prior period, showing a significant increase in financing[29] - The net cash flow from financing activities improved to 278,316,799.47 from -76,947,117.69, reflecting a positive shift in financing operations[29] - The total cash and cash equivalents at the end of the period stood at 1,021,803,748.97, slightly up from 1,021,268,993.73 in the previous period[30] - The net increase in cash and cash equivalents was -644,718,461.15, worsening from -415,553,282.44, highlighting ongoing liquidity challenges[29] Receivables and Payables - The company's accounts receivable increased by 46.07% to ¥5,663,725,376.62 compared to the end of 2024[9] - Accounts receivable increased significantly to RMB 5,663,725,376.62 from RMB 3,877,351,664.10, representing an increase of about 46.0%[21] - Accounts payable also saw an increase, rising to RMB 11,219,064,018.67 from RMB 10,497,756,558.53, reflecting an increase of approximately 6.9%[21] Inventory and Expenses - The inventory level rose by 30.49% to ¥778,169,909.68, attributed to increased inventory input and reduced turnover[9] - Inventory rose to RMB 778,169,909.68 from RMB 596,338,272.52, marking an increase of approximately 30.5%[21] - Financial expenses increased by 77.21% to ¥152,084,838.94, primarily due to higher interest expenses[10] - The company reported a decrease in research and development expenses to ¥45,739,043.20 from ¥63,965,073.40 in the previous period[25] Shareholder Information - The company has signed a continuation of the voting rights waiver agreement with its controlling shareholder, effective from August 13, 2025, to August 12, 2028[17] - The company appointed a new vice president, effective from September 8, 2025, to support its operational development[18] - Total equity attributable to shareholders of the parent company is ¥860,108,920.89, slightly up from ¥849,023,638.05 in the previous period[22]

Market Overview - The decoration and renovation sector increased by 0.74% compared to the previous trading day, with *ST Dongyi leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - The top-performing stocks in the decoration and renovation sector included: - *ST Dongyi: Closed at 8.34, up 5.04% with a trading volume of 180,700 shares and a turnover of 151 million yuan [1] - *ST Zhongzhuang: Closed at 3.70, up 4.52% with a trading volume of 231,400 shares and a turnover of 84.8 million yuan [1] - *ST Jianyi: Closed at 10.13, up 4.11% with a trading volume of 55,200 shares and a turnover of 56.1 million yuan [1] Capital Flow - The decoration and renovation sector experienced a net outflow of 76.68 million yuan from institutional investors, while retail investors saw a net inflow of 138 million yuan [2] - The capital flow for specific stocks showed: - *ST Zhongzhuang had a net inflow of 14.56 million yuan from institutional investors [3] - Jin Tanglong saw a net inflow of 10.21 million yuan from institutional investors [3] - Yaxia Co. had a net inflow of 4.51 million yuan from institutional investors [3]

Core Viewpoint - Yunnan Zhongyingji Enterprise Management Center (Limited Partnership) has reduced its stake in Weiye Co., Ltd. by 6.9678 million shares, representing 3.35% of the total share capital, bringing its ownership below 5% [1] Summary by Relevant Sections - **Shareholding Reduction** - The shareholder Yunnan Zhongyingji has executed a reduction of 6.9678 million shares through centralized bidding, which constitutes 3.35% of the total share capital of Weiye Co., Ltd. [1] - **Post-Reduction Ownership** - Following the reduction, Yunnan Zhongying's shareholding has decreased to 4.999959%, which is below the 5% threshold [1] - **Future Intentions** - As of the date of the report, Yunnan Zhongying does not rule out the possibility of further reducing its holdings in the company within the next 12 months [1]

证券代码：300621 证券简称：维业股份 公告编号：2025-069 维业建设集团股份有限公司 2025 年第一次临时股东大会决议公告 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、误导性陈述或重大遗漏。 特别提示: 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议； 3、本次股东大会对中小投资者进行了单独计票（中小投资者是指除上市公 司董事、监事、高级管理人员以及单独或者合计持有公司 5%以上股份的股东以 外的其他股东）。 维业建设集团股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日采 用现场投票与网络投票相结合的方式召开了公司 2025 年第一次临时股东大会， 审议并通过了如下议案，现将有关事项公告如下： 一、会议召开和出席情况 （一）股东大会届次：2025 年第一次临时股东大会 （二）股东大会的召集人：公司第六届董事会 1、现场会议召开时间：2025 年 10 月 17 日（星期五）15:00 2、网络投票时间：2025 年 10 月 17 日 其中：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 ...

证券代码：300621 证券简称：维业股份 公告编号：2025-070 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 维业建设集团股份有限公司 关于持股 5%以上股东权益变动触及 1%整数倍的公告 公司股东深圳君宜私募证券基金管理有限公司——君宜永卿私募证券投资基金保证向 本公司提供的信息内容真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 本次变动是否为履行已作 出的承诺、意向、计划 是 否□ 君宜永卿已按照相关规定进行了减持预披露，具体内容 详见公司 2025 年 9 月 15 日披露的《关于持股 5%以上股东减 持计划的预披露公告》（公告编号：2025-053）。截至 2025 年 10 月 15 日，君宜永卿的股份减持情况与此前已披露的减 持计划一致。 本次变动是否存在违反《证 券法》《上市公司收购管理 办法》等法律、行政法规、 部门规章、规范性文件和本 所业务规则等规定的情况 是□ 否 5.被限制表决权的股份情况 按照《证券法》第六十三条 的规定，是否存在不得行使 表决权的股份 是□ 否 6.备查文件 1．中国证券登记结算有限责任公司持股变动明细 2．相关书面承诺文件□ ...