Core Viewpoint - The company is focused on its core business and is actively extending its development layout along the industrial chain to protect the interests of the company and all shareholders [1] Group 1 - The company is committed to maintaining its main business operations [1] - The company is pursuing an active strategy to extend its development along the industrial chain [1] - The company emphasizes the importance of safeguarding the interests of its shareholders [1]

陈力皎女士直接持有公司 31.25%的股份，通过公司股东江阴秋炜管理咨询 合伙企业（有限合伙）（陈力皎女士持有其 5.71%份额）间接持有公司 0.25%的 股份，通过江阴秋炜商务服务有限公司（陈力皎女士持有其 90%股权）间接持有 公司 2.30%的股份，不存在应当履行而未履行的承诺事项。陈力皎女士将继续严 格遵守《中华人民共和国公司法》《上市公司董事和高级管理人员所持本公司股 份及其变动管理规则》《上市公司股东减持股份管理暂行办法》《深圳证券交易 所上市公司自律监管指引第 18 号——股东及董事、高级管理人员减持股份》等 相关法律法规、规范性文件的减持规定。 二、备查文件 1、非独立董事陈力皎女士的书面辞任报告。 特此公告。 江阴电工合金股份有限公司 关于非独立董事辞任的公告 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。 一、关于非独立董事辞任的情况 江阴电工合金股份有限公司（以下简称"公司"）董事会于近日收到公司非 独立董事陈力皎女士的书面辞任报告，因《公司章程》等内部制度调整，陈力皎 女士申请辞去公司第四届董事会非独立董事、副董事长及薪酬与考核委员会 ...

Core Viewpoint - The company’s copper busbar products are strategically suited for various applications in the power distribution sector and clean energy fields, highlighting their adaptability in the context of new power systems and digital infrastructure development [1] Group 1: Product Applications - The copper busbar products are applicable in high and low voltage electrical appliances, distribution equipment, and bus ducts [1] - These products are also widely used in clean energy sectors such as wind power, hydropower, and nuclear power plants [1] Group 2: Strategic Relevance - The copper busbar products demonstrate significant strategic adaptability amid the trends of new power systems and digital center construction [1]

Core Viewpoint - A significant number of A-share listed companies reported impressive financial results for the third quarter of 2025, indicating strong growth across various sectors [2][3][4]. Group 1: Company Performance Highlights - Chuanjin Nuo reported a revenue of 2.807 billion yuan for the first three quarters of 2025, a year-on-year increase of 27.57%, with a net profit of 304 million yuan, up 175.61% [2]. - Dazhu CNC achieved a revenue of 3.903 billion yuan for the first three quarters, a 66.53% increase, and a net profit of 492 million yuan, up 142.19% [3]. - Alloy Investment's revenue for the first three quarters was 230 million yuan, a 54.61% increase, with a net profit of 7.2581 million yuan, up 124.87% [3]. - Shuangyi Technology reported a revenue of 730 million yuan for the first three quarters, a 15.41% increase, with a net profit of 145 million yuan, up 125.25% [4]. - Jinyi Permanent Magnet achieved a revenue of 5.373 billion yuan for the first three quarters, a 7.16% increase, with a net profit of 515 million yuan, up 161.81% [4]. Group 2: Notable Third Quarter Results - In the third quarter, Chuanjin Nuo's revenue was 1.063 billion yuan, a 27.01% increase, with a net profit of 127 million yuan, up 189.43% [2]. - Dazhu CNC's third-quarter revenue reached 1.521 billion yuan, a 95.19% increase, with a net profit of 228 million yuan, up 281.94% [3]. - Alloy Investment's third-quarter revenue was 65.7118 million yuan, a 21.61% increase, with a net profit of 2.6823 million yuan, up 4985.25% [3]. - Jinyi Permanent Magnet's third-quarter revenue was 1.866 billion yuan, a 12.91% increase, with a net profit of 211 million yuan, up 172.65% [4]. - China Mobile reported a revenue of 794.7 billion yuan for the first three quarters, a 0.4% increase, with a net profit of 115.4 billion yuan, up 4.0% [5].

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [2] Financial Performance - The company achieved a revenue of 862,647,713.57 yuan in Q3 2025, representing a year-on-year growth of 43.08% [2] - The net profit attributable to shareholders was 45,104,349.08 yuan, showing a year-on-year increase of 78.44% [2]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter of 2025, indicating strong operational performance and positive market conditions [1] Financial Performance - In the third quarter, the company achieved revenue of 863 million yuan, representing a year-on-year increase of 43.08% [1] - The net profit attributable to shareholders for the third quarter was 45.10 million yuan, showing a year-on-year growth of 78.44% [1] - For the first three quarters, the company recorded total revenue of 2.293 billion yuan, which is a 25.11% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters reached 127 million yuan, reflecting a year-on-year growth of 38.45% [1]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter of 2025 compared to the same period last year [1] Financial Performance - The company's operating revenue reached 863 million yuan, representing a year-on-year increase of 43.08% [1] - The net profit attributable to shareholders was 45.1043 million yuan, reflecting a year-on-year growth of 78.44% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 44.7084 million yuan, showing a substantial year-on-year increase of 111.04% [1]

Group 1 - The core viewpoint of the article is that Electric Alloy (300697.SZ) has shown significant growth in its financial performance for the first three quarters of 2025, with notable increases in both revenue and net profit [1] Group 2 - The company's operating revenue for the first three quarters reached 2.293 billion yuan, representing a year-on-year growth of 25.11% [1] - The net profit attributable to shareholders of the listed company was 127 million yuan, reflecting a year-on-year increase of 38.45% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also 127 million yuan, with a year-on-year growth of 45.86% [1] - The basic earnings per share stood at 0.295 yuan [1]

Report Overview [Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This unaudited quarterly report's information disclosure is guaranteed by the board and senior management to be true, accurate, and complete, with financial information affirmed by key accounting personnel - This report is unaudited[2](index=2&type=chunk) - The Board of Directors and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility[2](index=2&type=chunk) - The company's head, chief accountant, and head of accounting department declare the financial information to be true, accurate, and complete[2](index=2&type=chunk) I. Major Financial Data [I. Major Accounting Data and Financial Indicators](index=1&type=section&id=%28%E4%B8%80%29%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant financial growth in Q3 2025 and year-to-date, with operating revenue up 43.08% this quarter and net profit attributable to parent up 78.44%, though net cash flow from operating activities decreased by 23.27% year-to-date Major Accounting Data and Financial Indicators | Indicator | Current Reporting Period (million CNY) | YoY Change in Current Reporting Period | Year-to-Date (million CNY) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 862.65 | 43.08% | 2,293.44 | 25.11% | | Net Profit Attributable to Shareholders of Listed Company | 45.10 | 78.44% | 127.44 | 38.45% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 44.71 | 111.04% | 127.32 | 45.86% | | Net Cash Flow from Operating Activities | -- | -- | 53.29 | -23.27% | | Basic Earnings Per Share (CNY/share) | 0.104 | 36.84% | 0.295 | 38.50% | | Diluted Earnings Per Share (CNY/share) | 0.104 | 36.84% | 0.295 | 38.50% | | Weighted Average Return on Net Assets | 3.78% | 1.46% | 10.58% | 2.04% | | **Period-End Indicator** | **End of Current Reporting Period (billion CNY)** | **End of Prior Year (billion CNY)** | **Change from Prior Year-End** | | | Total Assets | 2.21 | 1.84 | 20.41% | | | Total Equity Attributable to Shareholders of Listed Company | 1.23 | 1.12 | 9.19% | | [II. Non-Recurring Gains and Losses Items and Amounts](index=1&type=section&id=%28%E4%BA%8C%29%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) The company disclosed non-recurring gains and losses for the current period and year-to-date, primarily government grants, fair value changes of financial assets/liabilities, and other non-operating items, which collectively had a positive impact on net profit Non-Recurring Gains and Losses Items and Amounts | Item | Current Reporting Period Amount (thousand CNY) | Year-to-Date Amount (thousand CNY) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 0.00 | -7.43 | | Government Grants Recognized in Current Period P&L | 308.64 | 388.64 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities Held by Non-Financial Enterprises | -16.69 | -33.42 | | Other Non-Operating Income and Expenses Excluding the Above | 170.28 | -211.45 | | Less: Income Tax Impact | 69.34 | 8.82 | | Impact on Minority Interests (After Tax) | -3.10 | 15.85 | | Total | 396.00 | 111.66 | [III. Changes and Reasons for Major Accounting Data and Financial Indicators](index=2&type=section&id=%28%E4%B8%89%29%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, significant changes occurred across the balance sheet, income statement, and cash flow statement, driven by increased bank deposits, commercial acceptance bills, raw material prepayments, construction in progress, bank acceptance bills, income tax payable, raw material price increases, and futures gains, alongside higher selling and R&D expenses, increased product sales, and substantial changes in investing and financing cash flows Major Balance Sheet Item Changes and Reasons | Balance Sheet Item | Period-End Balance (million CNY) | Period-Start Balance (million CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 339.80 | 241.08 | 40.95% | Primarily due to increased bank deposits | | Notes Receivable | 103.65 | 55.57 | 86.52% | Primarily due to increased commercial acceptance bills received | | Prepayments | 35.16 | 13.85 | 153.89% | Primarily due to increased prepayments for raw material purchases | | Construction in Progress | 14.61 | 7.79 | 87.52% | Primarily due to increased equipment and engineering procurement | | Notes Payable | 294.17 | 30.00 | 880.57% | Primarily due to increased bank acceptance bills issued | | Provisions | 26.91 | 14.54 | 85.06% | Primarily due to increased raw material prices | | Other Comprehensive Income | 48.14 | 12.48 | 285.60% | Primarily due to increased futures gains | Major Income Statement Item Changes and Reasons | Income Statement Item | Current Period Amount (million CNY) | Prior Year Period Amount (million CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 18.17 | 12.19 | 49.04% | Primarily due to increased testing fees | | R&D Expenses | 41.50 | 30.09 | 37.95% | Primarily due to increased R&D investment | | Credit Impairment Losses | -10.71 | -1.19 | -801.38% | Primarily due to increased accounts receivable | | Operating Profit | 146.19 | 107.64 | 35.82% | Primarily due to increased product sales | | Net Profit | 128.63 | 92.69 | 38.77% | Primarily due to increased product sales | Major Cash Flow Statement Item Changes and Reasons | Cash Flow Statement Item | Current Period Amount (million CNY) | Prior Year Period Amount (million CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Investing Activities | -18.31 | -5.87 | -211.94% | Primarily due to increased cash paid for fixed asset purchases | | Net Cash Flow from Financing Activities | 49.71 | -58.46 | 185.03% | Primarily due to increased bank borrowings | | Net Increase in Cash and Cash Equivalents | 85.08 | 5.65 | 1406.21% | Primarily due to increased cash flow from financing activities | II. Shareholder Information [I. Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=3&type=section&id=%28%E4%B8%80%29%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 40,484 common shareholders, with Chen Lijiao and Xiamen Quanxin Enterprise Management Co., Ltd. as major shareholders holding 31.25% and 29.99% respectively, noting some restricted shares and a change in concerted action relationships - The total number of common shareholders at the end of the reporting period was **40,484 accounts**[10](index=10&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held (million shares) | Number of Restricted Shares Held (million shares) | | :--- | :--- | :--- | :--- | :--- | | Chen Lijiao | Domestic Natural Person | 31.25% | 135.20 | 101.40 | | Xiamen Quanxin Enterprise Management Co., Ltd. | State-Owned Legal Entity | 29.99% | 129.75 | 0 | | Jiangyin Qiuwei Management Consulting Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Entity | 4.44% | 19.19 | 0 | | Jiangyin Qiuwei Business Services Co., Ltd. | Domestic Non-State-Owned Legal Entity | 2.56% | 11.08 | 0 | | Shen Xiaqing | Domestic Natural Person | 0.24% | 1.05 | 0 | | MORGAN STANLEY & CO.INTERNATIONAL PLC. | Overseas Legal Entity | 0.22% | 0.96 | 0 | | Mao Xiangyang | Domestic Natural Person | 0.19% | 0.80 | 0 | | BARCLAYS BANK PLC | Overseas Legal Entity | 0.18% | 0.78 | 0 | | Li Baojiang | Domestic Natural Person | 0.16% | 0.71 | 0 | | Zhu Xiaoming | Domestic Natural Person | 0.15% | 0.66 | 0 | - Chen Lijiao and Feng Yuejun jointly hold 100% equity in Jiangyin Qiuwei Business Services Co., Ltd., forming a concerted action party. Jiangyin Qiuwei Management Consulting Partnership (Limited Partnership) terminated its concerted action relationship with Chen Lijiao on August 19, 2025[11](index=11&type=chunk)[12](index=12&type=chunk) [II. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings](index=4&type=section&id=%28%E4%BA%8C%29%20%E5%85%AC%E5%8F%B8%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%2010%20%E5%90%8D%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company has no preferred shareholders - The company has no preferred shareholders[12](index=12&type=chunk) [III. Changes in Restricted Shares](index=4&type=section&id=%28%E4%B8%89%29%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) There were no changes in the company's restricted shares during the reporting period - There were no changes in the company's restricted shares during the reporting period[12](index=12&type=chunk) III. Other Significant Matters [III. Other Significant Matters](index=4&type=section&id=%E4%B8%89.%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company had no other significant matters to report during the reporting period - The company had no other significant matters during the reporting period[12](index=12&type=chunk) IV. Quarterly Financial Statements [1. Consolidated Balance Sheet](index=4&type=section&id=1.%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2025, total assets reached **2.21 billion CNY**, a 20.41% increase from the beginning of the period, with a robust asset-liability structure and ample liquidity Consolidated Balance Sheet (Summary) | Item | Period-End Balance (billion CNY) | Period-Start Balance (billion CNY) | | :--- | :--- | :--- | | **Assets** | | | | Total Current Assets | 1.91 | 1.55 | | Total Non-Current Assets | 0.30 | 0.29 | | **Total Assets** | **2.21** | **1.84** | | **Liabilities** | | | | Total Current Liabilities | 0.95 | 0.70 | | Total Non-Current Liabilities | 0.03 | 0.02 | | **Total Liabilities** | **0.98** | **0.71** | | **Shareholders' Equity** | | | | Total Equity Attributable to Parent Company Shareholders | 1.23 | 1.12 | | Minority Interests (million CNY) | 3.98 | 2.79 | | **Total Shareholders' Equity** | **1.23** | **1.13** | | **Total Liabilities and Shareholders' Equity** | **2.21** | **1.84** | [2. Consolidated Income Statement from Year Start to End of Reporting Period](index=7&type=section&id=2.%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) As of September 30, 2025, year-to-date total operating revenue reached **2.29 billion CNY**, a 25.11% increase, with net profit attributable to parent company shareholders at **127.44 million CNY**, up 38.45%, indicating sustained profitability growth Consolidated Income Statement from Year Start to End of Reporting Period (Summary) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue (billion CNY) | 2.29 | 1.83 | | II. Total Operating Costs (billion CNY) | 2.14 | 1.72 | | III. Operating Profit (million CNY) | 146.19 | 107.64 | | IV. Total Profit (million CNY) | 145.98 | 108.95 | | V. Net Profit (million CNY) | 128.63 | 92.69 | | Net Profit Attributable to Parent Company Shareholders (million CNY) | 127.44 | 92.04 | | VI. Net Other Comprehensive Income After Tax (million CNY) | 35.65 | 26.02 | | VII. Total Comprehensive Income (million CNY) | 164.28 | 118.71 | | VIII. Earnings Per Share (Basic/Diluted) (CNY/share) | 0.295 | 0.213 | [3. Consolidated Cash Flow Statement from Year Start to End of Reporting Period](index=9&type=section&id=3.%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) As of September 30, 2025, year-to-date net cash flow from operating activities was **53.29 million CNY**, a 23.27% decrease, while net cash flow from financing activities turned into a **49.71 million CNY** inflow due to increased bank borrowings, resulting in a period-end cash and cash equivalents balance of **192.83 million CNY** Consolidated Cash Flow Statement from Year Start to End of Reporting Period (Summary) | Item | Current Period Amount (million CNY) | Prior Period Amount (million CNY) | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | 53.29 | 69.45 | | II. Net Cash Flow from Investing Activities | -18.31 | -5.87 | | III. Net Cash Flow from Financing Activities | 49.71 | -58.46 | | IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | 0.40 | 0.53 | | V. Net Increase in Cash and Cash Equivalents | 85.08 | 5.65 | | VI. Period-End Cash and Cash Equivalents Balance | 192.83 | 100.73 | [II. Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards from 2025](index=10&type=section&id=%28%E4%BA%8C%29%202025%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E9%A1%B9%E7%9B%AE%E6%83%85%E5%86%B5) The company did not adopt new accounting standards from 2025 and thus made no adjustments to financial statement items at the beginning of that year - The company did not adopt new accounting standards from 2025 and did not adjust related financial statement items at the beginning of the year[22](index=22&type=chunk) [III. Audit Report](index=11&type=section&id=%28%E4%B8%89%29%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's financial accounting report for the third quarter of 2025 is unaudited - The company's third-quarter financial accounting report is unaudited[23](index=23&type=chunk)

Core Viewpoint - The recent rise in copper prices is a concern for companies, but Electric Alloy (300697.SZ) has a pricing model that mitigates the impact of raw material price fluctuations on its operating performance [2]. Group 1: Company Response - Electric Alloy's pricing model is based on "raw material price + processing fee," which helps in managing costs effectively [2]. - The company utilizes copper futures on the Shanghai Futures Exchange for hedging, which reduces the risk associated with raw material price volatility [2].