Company Overview - Huari Co., Ltd. (SZ 300626) announced the convening of its fifth board meeting on October 29, 2025, to review the proposal for the "2025 Q3 Report" [1] - As of the report, Huari's market capitalization stands at 2.3 billion yuan [1] Revenue Composition - For the first half of 2025, Huari's revenue composition is as follows: - Automotive motors: 33.93% - Other businesses: 26.61% - Power tools: 14.81% - Home appliances: 14.36% - Industrial motors: 7.21% [1]

证券代码：300626 证券简称：华瑞股份 公告编号：2025-048 鉴于孙瑞良未能按期清偿借款，梧州东泰于 2025 年 9 月 28 日向梧州市中级 人民法院提交了民事起诉状，请求法院判令孙瑞良归还本金、利息及违约金；请 求法院判令对孙瑞良所持有的华瑞股份 41,474,532 股股票及其孳息、以及孙瑞良 所抵押的房产折价或拍卖、变卖价款享有优先受偿权；判决被告向原告支付律师 费；本案案件受理费、保全费、保全保险费由被告承担。梧州东泰于 2025 年 10 月 23 日收到《受理案件通知书》。 华瑞电器股份有限公司 关于控股股东提起诉讼事项的公告 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。 华瑞电器股份有限公司（以下简称"公司"、"华瑞股份"）于近日接到公 司控股股东梧州市东泰国有资产经营有限公司（以下简称"梧州东泰"）的通知， 梧州东泰根据其与孙瑞良及张依君于2020年签署的相关借款协议、梧州东泰与孙 瑞良签署的相关股票质押合同，因孙瑞良未能按期清偿借款，梧州东泰于2025 年9月28日向梧州市中级人民法院提交了民事起诉状，并请求法院判令对孙瑞良 ...

证券代码：300626 证券简称：华瑞股份 公告编号：2025-049 华瑞电器股份有限公司 第五届董事会第七次会议决议公告 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。 一、董事会会议召开情况 华瑞电器股份有限公司（以下简称"公司"）第五届董事会第七次会议于2025 年10月29日在公司会议室以现场结合通讯的方式召开，会议通知已于2025年10 月24日以电话、微信方式发出。本次应出席董事9人，实际出席董事9人。会议由 董事长张波先生主持，公司高级管理人员列席会议。本次会议的召集、召开符合 《中华人民共和国公司法》等有关法律、行政法规、部门规章、规范性文件和《公 司章程》的有关规定。 二、董事会会议审议情况 经审议，董事会认为公司2025年第三季度报告的编制和审核的程序符合法 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、误导性陈述或者重大遗漏。具体内容详见 公司在巨潮资讯网（http://www.cninfo.com.cn）披露的《2025年三季度报告》（公 告编号：2025-050）。 表决结 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥212,858,413.38, representing a 3.98% increase year-over-year, while the year-to-date revenue reached ¥601,780,766.49, up 9.51% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥8,954,101.10, a significant increase of 47.59% year-over-year, but the year-to-date net profit decreased by 17.79% to ¥13,656,686.31[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,435,692.94 for Q3 2025, up 68.83% year-over-year, while the year-to-date figure was ¥10,975,315.62, down 22.20%[5]. - Total operating revenue for the period reached ¥601,780,766.49, an increase of 9.1% compared to ¥549,530,009.47 in the previous period[19]. - Total operating costs amounted to ¥574,420,918.86, up from ¥519,511,738.15, reflecting a rise of 10.6%[19]. - Net profit for the period was ¥13,656,686.31, a decrease of 17.5% from ¥16,611,937.23 in the prior period[20]. - Basic and diluted earnings per share were both ¥0.0759, down from ¥0.0923 in the previous period[21]. Assets and Liabilities - The company's total assets at the end of Q3 2025 were ¥879,777,166.19, a decrease of 9.58% from the end of the previous year[5]. - Total assets decreased to ¥879,777,166.19 from ¥972,935,829.14, a decline of 9.6%[18]. - The company's total liabilities decreased by 9.58% compared to the end of the previous year, indicating improved financial stability[5]. - Total liabilities decreased to ¥350,680,522.71 from ¥457,495,871.97, a reduction of 23.4%[18]. - Current liabilities decreased to ¥342,644,939.03 from ¥448,427,353.96, a decline of 23.6%[18]. - Non-current assets totaled ¥351,903,273.26, down from ¥371,385,831.03, a decrease of 5.0%[18]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥31,093,430.98, reflecting a 59.71% increase[5]. - The weighted average return on equity for Q3 2025 was 1.71%, an increase of 0.58% compared to the previous year[5]. - The company reported a significant increase in cash received from other operating activities, amounting to ¥54,725,282.96, which is a 2642.16% increase year-over-year[10]. - Cash and cash equivalents increased to ¥93,144,670.39 from ¥68,299,677.06, representing a growth of approximately 36.4%[16]. - Net cash flow from operating activities was $31.09 million, up 59.6% from $19.47 million year-over-year[24]. - Cash received from sales of goods and services was $610.67 million, an increase from $561.84 million year-over-year[23]. - Cash outflow from investing activities was $99.35 million, significantly higher than $6.44 million in the prior period[24]. - Cash inflow from financing activities was $266.27 million, down from $315.69 million in the previous period[24]. - The ending cash and cash equivalents balance was $93.14 million, down from $127.47 million in the previous period[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,428[12]. - The largest shareholder, Sun Ruiliang, holds 23.04% of shares, totaling 41,474,532 shares, with 1,000,000 shares frozen[12]. - The second largest shareholder, Wuzhou Dongtai State-owned Assets Management Co., Ltd., holds 18.50% of shares, totaling 33,296,288 shares, with 15,577,156 shares frozen[13]. - The company has a total of 10 major shareholders, none of whom are involved in margin trading[12]. Other Information - The company has not yet received performance compensation for the years 2022 and 2023, and is monitoring the situation closely[14]. - As of October 15, 2025, the controlling shareholder has completed additional pledge registration for part of its shares[14]. - The company has received an arbitration application regarding performance commitments for the year 2023[14]. - Research and development expenses were ¥22,319,440.19, slightly up from ¥22,121,518.98, indicating a growth of 0.9%[19]. - Other income for the period was ¥4,304,288.73, down from ¥5,063,357.38, a decrease of 15.0%[20]. - The company did not undergo an audit for the third quarter financial report[25].

Group 1 - The company Huari Co., Ltd. stated on October 27 that its commutator products are supplied directly to downstream motor customers and are typically not provided to complete machine end customers [2]

Group 1 - The company has confirmed that its commutator products are directly supplied to downstream motor customers and typically are not provided to complete machine end customers [2]

Group 1 - The core viewpoint of the news is that Huari Electric Co., Ltd. has seen a significant increase in its stock price, rising by 5.1% to reach 12.98 CNY per share, with a trading volume of 206 million CNY and a turnover rate of 9.20%, resulting in a total market capitalization of 2.336 billion CNY [1] - Huari Electric, established on February 12, 1996, and listed on March 20, 2017, is primarily engaged in the research, production, sales, and service of small power motors and micro-special motor commutators [1] - The company's main business revenue composition includes: fully plastic type 42.57%, others (supplementary) 26.42%, ordinary type 23.97%, roll plate type 6.10%, and others 0.94% [1] Group 2 - From the perspective of Huari's top ten circulating shareholders, a fund under Nuoan Fund ranks among them, specifically Nuoan Multi-Strategy Mixed A (320016), which entered the top ten in the second quarter with 968,500 shares, accounting for 0.54% of circulating shares [2] - The estimated floating profit for Nuoan Multi-Strategy Mixed A today is approximately 610,200 CNY [2] - The fund was established on August 9, 2011, with a latest scale of 1.399 billion CNY, achieving a year-to-date return of 67.98%, ranking 251 out of 8,154 in its category, and a one-year return of 83.68%, ranking 93 out of 8,025 [2]

Core Insights - The electric motor sector experienced a decline of 1.39% on the trading day, with Huari Co., Ltd. leading the losses [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] Electric Motor Sector Performance - Notable gainers in the electric motor sector included: - Xiangdian Co., Ltd. (Code: 600416) with a closing price of 14.53, up 3.64% and a trading volume of 337,900 shares, totaling 479 million yuan [1] - Huaxin Precision (Code: 603370) closed at 51.58, up 1.84% with a trading volume of 36,100 shares, totaling 184 million yuan [1] - Tongda Power (Code: 002576) closed at 18.34, up 1.27% with a trading volume of 57,500 shares, totaling 104 million yuan [1] - Major decliners included: - Huari Co., Ltd. (Code: 300626) closed at 12.35, down 5.36% with a trading volume of 266,900 shares, totaling 328 million yuan [2] - Wolong Electric Drive (Code: 600580) closed at 46.19, down 3.61% with a trading volume of 997,200 shares, totaling 4.605 billion yuan [2] - Jiangsu Fuli (Code: 300660) closed at 52.50, down 3.30% with a trading volume of 81,100 shares, totaling 424 million yuan [2] Capital Flow Analysis - The electric motor sector saw a net outflow of 875 million yuan from institutional investors, while retail investors contributed a net inflow of 878 million yuan [2] - Specific stock capital flows included: - Xiangdian Co., Ltd. had a net outflow of 36.36 million yuan from institutional investors [3] - Huaxin Precision experienced a net inflow of 9.49 million yuan from institutional investors [3] - Jiangsu Fuli saw a net outflow of 3.30 million yuan from institutional investors [3]

Core Viewpoint - Huari Co., Ltd. (300626.SZ) has stated on the investor interaction platform that the company currently has no collaboration with Yushu Technology [1] Group 1 - The company confirmed the absence of any partnership with Yushu Technology [1]

Core Viewpoint - Huari Co., Ltd. (300626.SZ) has stated on the investor interaction platform that the company currently has no collaboration with Yushu Technology [1] Group 1 - The company clarified its position regarding potential partnerships, specifically denying any collaboration with Yushu Technology [1]