Core Viewpoint - Cheng Tian Wei Ye (300689.SZ) reported its Q3 2025 results, highlighting a significant presence of institutional investors holding 42.99% of its total shares, although this represents a decline of 1.21 percentage points from the previous quarter [1] Institutional Holdings - As of October 24, 2025, three institutional investors disclosed holdings in Cheng Tian Wei Ye, totaling 49.6983 million shares [1] - The institutional investors include Shenzhen Cheng Tian Sheng Ye Investment Co., Hainan Qianling Private Fund Management Partnership (Limited Partnership) - Qianling FOF Comprehensive Growth No. 1 Private Securities Investment Fund, and Goldman Sachs [1] - The overall institutional holding percentage decreased by 1.21 percentage points compared to the last quarter [1] Public Fund Disclosures - In this reporting period, 16 public funds were not disclosed compared to the previous quarter, including funds such as Baodao Growth Zhihang Stock A, Baodao Yuanhang Mixed A, and others [1] Foreign Investment - One new foreign institutional investor, Goldman Sachs, was disclosed in this quarter compared to the previous quarter [1]

Core Insights - The company, Cheng Tian Wei Ye, reported strong growth in its Q3 2025 financial results, with a revenue of 310 million yuan, representing a year-on-year increase of 24.48%, and a net profit of 12.42 million yuan, showing a significant year-on-year growth of 2925.45% [2] - In Q3 2025 alone, the company achieved a revenue of 100.6 million yuan, up 9.94% year-on-year, and a net profit of 1.5458 million yuan, reflecting a year-on-year increase of 225.45% [2] Financial Performance - The company’s revenue for the first three quarters reached 310 million yuan, with a net profit of 12.42 million yuan, indicating a substantial improvement in profitability [2] - The single-quarter performance in Q3 2025 shows a revenue of 100.6 million yuan and a net profit of 1.5458 million yuan, highlighting a strong operational efficiency and profitability improvement [2] Business Overview - Cheng Tian Wei Ye is a leading enterprise in the smart card and dedicated chip sector, with its main business encompassing R&D, production, and sales of smart cards and dedicated chips, widely applied in communication, finance, transportation, and social security [3] - The company maintains a competitive advantage through a full industry chain layout and one-stop service capabilities, while also expanding its market share with major telecom operators [3] Growth Strategy - The company plans to continue its innovation-driven strategy, focusing on extending its industrial chain and exploring new fields, particularly in smart card applications in 5G and IoT [4] - Cheng Tian Wei Ye aims to leverage opportunities in the semiconductor and digital energy thermal management markets through ongoing technological innovation and product upgrades [4] Future Outlook - With the acceleration of global digitalization and the widespread application of emerging technologies, the company is expected to experience broader development opportunities due to its solid technical foundation in smart cards and dedicated chips [4] - Analysts believe that the company’s stable growth in traditional business, combined with rapid development in emerging sectors, will provide new growth momentum, making its future prospects promising [4]

Core Insights - The company, Cheng Tian Wei Ye, reported strong growth in its Q3 2025 financial results, with a revenue of 310 million yuan, a year-on-year increase of 24.48%, and a net profit of 12.42 million yuan, reflecting a significant year-on-year growth of 2925.45% [1] - In Q3 2025 alone, the company achieved a revenue of 100.6 million yuan, up 9.94% year-on-year, and a net profit of 1.5458 million yuan, which is a 225.45% increase year-on-year, indicating improved profitability and operational efficiency [1] Group 1 - The company operates in the smart card and dedicated chip sectors, focusing on R&D, production, and sales, with applications in communication, finance, transportation, and social security [2] - Cheng Tian Wei Ye maintains a competitive edge through a full industry chain layout and one-stop service capabilities, while expanding its market share with major telecom operators in China [2] - The company has seen explosive growth in its semiconductor packaging materials business in 2024, with continued strong growth expected in 2025, and has developed new technologies in thermal management [2] Group 2 - The company plans to continue its innovation-driven strategy, extending its industrial chain and exploring new fields, particularly in 5G and IoT applications [3] - Cheng Tian Wei Ye aims to leverage opportunities in the semiconductor and digital energy thermal management markets through ongoing technological innovation and product upgrades [3] - The company is well-positioned for future growth due to its solid technical foundation in smart cards and dedicated chips, as well as its proactive approach in emerging business areas [3]

Core Insights - Shenzhen Cheng Tian Wei Ye Technology Co., Ltd. has established a joint venture, SuperX Cooltech, with SuperX AI Technology Limited to focus on AI server and high-performance computing liquid cooling systems [1][2] - The partnership signifies a strategic move in Cheng Tian Wei Ye's global strategy for digital and energy thermal management [1][2] Group 1: Liquid Cooling Technology and Market Position - Liquid cooling technology is becoming essential for AI data centers due to the limitations of traditional air cooling methods, especially with the rise of high-power GPUs [2] - The joint venture aims to provide efficient and reliable liquid cooling solutions for the global market, excluding mainland China and Hong Kong [1][2] - Cheng Tian Wei Ye is leveraging its expertise in semiconductor materials and thermal management to create a comprehensive liquid cooling product line [2][5] Group 2: Core Product System of the Joint Venture - The joint venture will develop a core product system that includes high-strength nano-injection liquid cooling plates, microchannel liquid cooling plates (MLCP), liquid cooling modules, and CDU systems [3][4] - The MLCP is designed for high-density cooling solutions, supporting precise temperature control and thermal load balancing [3][4] - The integrated solutions aim to achieve system-level energy efficiency with a PUE of less than 1.1 [3] Group 3: Key Technological Innovations - The joint venture will utilize advanced technologies such as nano-injection molding, material reduction techniques, fluid optimization designs, and intelligent control systems [4] - These innovations are expected to provide a competitive edge in the liquid cooling market [4] Group 4: Global Market Outlook - The global liquid cooling systems market is projected to grow significantly, driven by increasing power density and efficiency demands in data centers [5] - The MLCP technology is anticipated to enter mass production by mid-2026, with strong interest from major AI chip customers [5] - The joint venture's product offerings are positioned to cover the entire thermal management chain from chip to cabinet, enhancing its market potential [5]

智通财经APP讯，澄天伟业(300689.SZ)发布2025年三季度报告，该公司前三季度营业收入为3.1亿元， 同比增长24.48%。归属于上市公司股东的净利润为1242.22万元，同比增长2925.45%。归属于上市公司 股东的扣除非经常性损益的净利润为623.73万元，同比增长204.03%。基本每股收益为0.109元。 ...

Core Viewpoint - SuperX AI Technology Limited has entered into a definitive agreement to establish a joint venture, SuperX Cooltech, with Shenzhen Chengtian Weiye Technology Co., Ltd. to provide liquid cooling products and infrastructure solutions globally, excluding mainland China, Hong Kong SAR, and Macau SAR [1][2]. Group 1: Joint Venture Details - The joint venture will leverage the strengths of both companies in AI system integration and thermal management core components [2]. - SuperX will become the single largest shareholder of the joint venture [1]. Group 2: Industry Context - The demand for efficient cooling solutions is driven by new generation GPU architectures, such as NVIDIA Blackwell, which have increased power consumption above 100kW, making traditional air cooling methods inadequate [3]. - Liquid cooling technologies are becoming the preferred choice in the industry due to their ability to enhance heat exchange efficiency and server stability, while also improving energy efficiency ratios [4]. Group 3: Strategic Advantages - The joint venture will enable SuperX to offer a comprehensive product matrix, simplifying procurement and integration processes for customers [8]. - By collaborating on R&D and manufacturing, the joint venture aims to build system-level technical barriers and enhance global delivery capabilities [8]. - The partnership is expected to optimize customer return on investment by reducing project delivery cycles and operational energy consumption [8]. Group 4: Company Profiles - SuperX AI Technology Limited specializes in AI infrastructure solutions, providing a range of products and services for AI data centers, including high-performance AI servers and liquid cooling solutions [9]. - Shenzhen Chengtian Weiye Technology Co., Ltd. is a high-tech enterprise focused on R&D and manufacturing of thermal management products, with a strong presence in various industries [10].

Group 1 - The core point of the article is that Cheng Tian Wei Ye (SZ 300689) held its sixth board meeting on October 24, 2025, to review the proposal for the third quarter report of 2025 [1] - Cheng Tian Wei Ye's revenue composition for the year 2024 is entirely from the smart card manufacturing industry, accounting for 100.0% [1] - As of the report date, Cheng Tian Wei Ye has a market capitalization of 5.9 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 on the hot secondary market for biomedicine, while the primary market is facing challenges in fundraising [1]

第五届监事会第五次会议决议公告 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。 一、监事会会议召开情况 证券代码：300689 证券简称：澄天伟业 公告编号：2025-036 深圳市澄天伟业科技股份有限公司 具体内容详见公司于 2025 年 10 月 25 日在巨潮资讯网披露的《2025 年第三 季度报告》（公告编号：2025-037）。 表决结果：3 票赞成、0 票反对、0 票弃权。 深圳市澄天伟业科技股份有限公司（以下简称"公司"）第五届监事会第五 次会议通知于 2025 年 10 月 21 日以邮件的形式发出，会议于 2025 年 10 月 24 日上午 11:00 在公司会议室以现场和通讯方式召开。本次会议应出席监事 3 名， 亲自出席监事 3 名（其中，监事李猛、黄金明以通讯方式参与本次会议）。本次 会议由监事会主席袁丹主持，公司董事会秘书列席了会议。本次监事会会议的召 开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、监事会会议审议情况 1、审议通过了《关于公司 2025 年第三季度报告的议案》 经审核，监事会认为：董事会编 ...

证券代码：300689 证券简称：澄天伟业 公告编号：2025-035 深圳市澄天伟业科技股份有限公司 第五届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、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 深圳市澄天伟业科技股份有限公司（以下简称"公司"）第五届董事会第六 次会议通知于 2025 年 10 月 21 日以邮件的形式发出，会议于 2025 年 10 月 24 日上午 10:00 在公司会议室以现场和通讯方式召开。本次会议应出席董事 5 名， 亲自出席董事 5 名（其中，董事冯学裕现场出席会议，其他董事以视频方式参加 会议）。本次会议由董事长冯学裕主持，公司监事及高级管理人员列席了会议。 本次董事会会议的召集、召开符合有关法律、行政法规、部门规章、规范性文件 和《公司章程》的规定。 二、董事会会议审议情况 1、审议通过了《关于公司 2025 年第三季度报告的议案》 具体内容详见公司于 2025 年 10 月 25 日在巨潮资讯网披露的《2025 年第三 季度报告》（公告编号：2025-037）； 2、第五届董事会审计委员会第四次会议决议。 特此公 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥100,600,553.98, representing a 9.94% increase year-over-year[4] - Net profit attributable to shareholders increased by 225.45% to ¥1,545,840.09 in Q3 2025, while year-to-date net profit rose by 2,925.45% to ¥12,422,216.69[4] - Basic and diluted earnings per share for Q3 2025 were both ¥0.0136, reflecting a 225.61% increase compared to the same period last year[4] - Total operating revenue for Q3 2025 reached CNY 310,155,023.93, an increase of 24.5% compared to CNY 249,166,190.82 in the same period last year[20] - Net profit for the period was CNY 11,968,326.10, significantly higher than CNY 356,513.54 in the previous year, marking a substantial increase[21] - Earnings per share (EPS) for the quarter was CNY 0.1090, compared to CNY 0.0036 in the same quarter last year[22] - The company reported a comprehensive income total of CNY 10,336,946.55, compared to CNY 146,027.28 in the same quarter last year[22] Assets and Liabilities - The total assets at the end of Q3 2025 amounted to ¥792,037,460.03, a slight increase of 0.25% from the previous year[4] - The total assets of the company stood at CNY 792,037,460.03, slightly up from CNY 790,091,192.20[18] - Total liabilities decreased to CNY 101,857,581.56 from CNY 108,539,980.48, indicating a reduction of approximately 6.2%[18] - The company's equity attributable to shareholders increased to CNY 690,609,558.97 from CNY 677,199,076.58, reflecting a growth of 2.1%[18] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 40.73% to ¥26,973,146.97[4] - Operating cash flow for the current period was ¥26,973,146.97, an increase of 40.5% compared to ¥19,166,792.63 in the previous period[23] - Cash inflow from operating activities was ¥334,329,788.12, compared to ¥269,325,596.55, representing a growth of 24.2%[23] - Cash outflow for purchasing goods and services was ¥230,834,978.20, an increase from ¥163,913,642.33, reflecting a rise of 40.7%[23] - The company received ¥16,821,175.97 in tax refunds, which is a 92.5% increase from ¥8,727,714.11[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,145[10] - The largest shareholder, Shenzhen Chengtian Shengye Investment Co., Ltd., holds 41.25% of shares, totaling 47,685,000 shares[10] - The second-largest shareholder, Feng Xueyu, holds 11.00% of shares, totaling 12,712,960 shares[10] - The top 10 shareholders collectively hold a significant portion of the company's equity, indicating concentrated ownership[10] Investments and Other Activities - The company reported a significant increase in accounts receivable, which rose by 70.95% to ¥7,226,631.33 due to the receipt of bank acceptance bills[7] - The company’s prepayments increased by 142.00% to ¥3,646,305.04, primarily due to higher energy and procurement payments[7] - The company recorded a 303.18% increase in non-operating income, amounting to ¥77,783.91, attributed to increased non-operating activities[8] - The net cash flow from investing activities decreased by 96.70% to ¥1,558,197.70, mainly due to an increase in unredeemed investment amounts in financial products[8] - Total cash inflow from investment activities was ¥815,625,643.82, up from ¥516,056,593.83, reflecting a growth of 57.9%[24] - Net cash flow from investment activities decreased to ¥1,558,197.70 from ¥47,227,315.23, indicating a significant decline[24] Research and Development - Research and development expenses for the quarter were CNY 9,658,890.30, compared to CNY 9,245,410.84 in the previous year, showing an increase of 4.5%[20]