Core Insights - The company, Jiahe Intelligent, reported a revenue of 1.625 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 15.91% [1] - The net profit attributable to shareholders of the listed company was 28.8252 million yuan, down 60.03% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.2686 million yuan, a significant decline of 92.80% year-on-year [1] - The basic earnings per share stood at 0.08 yuan [1]

Core Viewpoint - Jiahe Intelligent (300793) reported a significant decline in both revenue and net profit for the third quarter of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved a revenue of 620 million yuan in Q3 2025, representing a year-on-year decrease of 23.03% [1] - The net profit for the same period was 3.7033 million yuan, reflecting a substantial year-on-year decline of 88.25% [1]

二、本次计提资产减值准备的范围和总金额 根据资产减值准备测试结果，本次需计提减值准备的资产主要为应收账款、 其他应收款、存货跌价损失及合同履约成本、长期股权投资，详细情况如下： | 项目 | 2025 年前三季度发生额（元） | | --- | --- | | 一、信用减值损失 | -2,949,213.28 | | 其中：1.应收账款坏账损失 | -2,850,666.13 | | 2.其他应收款坏账损失 | -98,547.15 | | 二、资产减值损失 | -17,609,051.11 | | 其中：1.存货跌价损失及合同履约成本减值 | -17,609,051.11 | | | | 佳禾智能科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假 记载、误导性陈述或者重大遗漏。 佳禾智能科技股份有限公司(以下简称"公司")根据《深圳证券交易所创 业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南第 1 号— —业务办理》《企业会计准则》及公司会计政策相关规定，基于谨慎性原则， 为了更加真实、准确的反映公司的资产与财 ...

Financial Performance - The company's revenue for Q3 2025 was ¥620,137,570, a decrease of 23.03% compared to the same period last year[6] - Net profit attributable to shareholders was ¥3,703,289, down 88.25% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥761,720, a decline of 95.93%[6] - The net profit for the first nine months of 2025 was ¥28,548,653, a decrease of 60.14% compared to the same period last year[13] - Total operating revenue for the current period was ¥1,624,870,218.74, a decrease of 16.0% compared to ¥1,932,312,096.54 in the previous period[26] - Operating profit for the current period was ¥25,981,154.68, a decline of 62.4% from ¥69,226,010.68 in the previous period[26] - The total profit for the current period is 24,807,486.73, a decrease from 67,570,817.30 in the previous period, indicating a significant decline[27] - The net profit attributable to shareholders of the parent company is 28,825,183.26, down from 72,112,759.09, reflecting a decrease of approximately 60%[27] - Basic earnings per share for the current period is 0.08, compared to 0.22 in the previous period, reflecting a decrease of approximately 63.64%[27] - The total comprehensive income for the current period is 25,057,266.73, down from 60,696,221.95, indicating a decline in overall profitability[27] Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥102,773,316, representing a 160.96% decrease compared to the previous year[6] - The net cash flow from operating activities for the first nine months of 2025 was -102,773,316.48, a decrease of 160.96% compared to the same period in 2024, primarily due to reduced operational inflows[15] - Cash and cash equivalents increased to ¥999,722,676.72 from ¥919,329,615.05, representing an increase of 8.7%[22] - The cash and cash equivalents at the end of the period amount to 993,334,510.34, a slight decrease from 1,011,188,000.68 in the previous period[29] - The company received cash from the recovery of investments totaling 2,908,100,000.00, an increase from 2,754,500,000.00 in the previous period, indicating improved investment recovery[28] - The net cash flow from investing activities increased to 218,637,562.50, a 119.40% change, mainly due to a reduction in the purchase of financial products with temporarily idle raised funds during the reporting period[15] - The net cash flow from financing activities was -46,776,662.96, a decrease of 103.93%, attributed to the inflow of funds from the issuance of convertible bonds in the previous period[15] - The net cash flow from financing activities is -46,776,662.96, a significant drop from 1,189,662,199.30 in the previous period, suggesting reduced financing activities[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,441,932,970, reflecting a 1.53% increase from the end of the previous year[6] - Accounts receivable increased by 41.11% to ¥567,012,107, primarily due to an increase in overdue accounts[10] - Total current assets reached ¥3,174,232,601.44, an increase of 3.7% from ¥3,062,240,284.79[22] - Total liabilities increased to ¥1,413,757,251.12 from ¥1,327,050,958.40, marking a rise of 6.5%[23] - Total equity attributable to shareholders decreased to ¥3,028,175,718.88 from ¥3,046,459,972.83, a decline of 0.6%[24] - Non-current assets totaled ¥1,267,700,368.56, down from ¥1,312,930,185.22, reflecting a decrease of 3.4%[23] Shareholder Information - As of September 30, 2025, the total number of ordinary shareholders was 47,530, with no preferred shareholders having restored voting rights[17] - Dongguan Wenfu Industrial Investment Co., Ltd. held 27.75% of the shares, amounting to 105,600,000 shares, making it the largest shareholder[17] - The company has a share repurchase program, holding 4,000,000 shares, which accounts for 1.05% of the total share capital[18] - The company’s actual controller is the chairman Yan Fan, with significant shareholding by Dongguan Wenfu Industrial Investment Co., Ltd.[17] Investments and Acquisitions - The company plans to acquire all limited partnership interests of beyerdynamic GmbH & Co. KG, with the acquisition agreement approved by the board on August 12, 2025[19] - The acquisition of BD KG's interests and shares is currently in progress, with further announcements to be made as required by law[20] - Investment income increased by 160.01% to ¥16,129,448, driven by the company's investment in financial products[13] Other Income and Expenses - The company reported a significant increase in other income, which rose by 30.76% to ¥28,832,077, mainly due to increased government subsidies[13] - The company reported a 120.38% decrease in other comprehensive income, primarily due to the transfer of amounts related to the disposal of a subsidiary[11] - The company reported a decrease in other comprehensive income after tax, amounting to -3,491,385.93, compared to -10,934,275.82 in the previous period, showing an improvement[27] - Inventory increased to ¥505,808,812.06, a rise of 3.0% compared to ¥488,456,512.88[22] - Total operating costs amounted to ¥1,619,752,805.88, down from ¥1,877,741,300.00, reflecting a reduction of 13.8%[26]

Core Insights - The company reported a third-quarter revenue of 620 million yuan, representing a year-on-year decline of 23.03% [1] - The net profit for the third quarter was 3.7033 million yuan, down 88.25% year-on-year [1] - For the first three quarters, the total revenue was 1.625 billion yuan, reflecting a year-on-year decrease of 15.91% [1] - The net profit for the first three quarters amounted to 28.8252 million yuan, which is a decline of 60.03% compared to the previous year [1]

Core Viewpoint - Jiahe Intelligent announced on October 20 that it will disclose the number of shareholders at relevant time points in its periodic reports to ensure fairness in information disclosure [2] Group 1 - The company will respond to investor inquiries regarding shareholder numbers [2] - The commitment to timely disclosure aligns with the principle of fair information dissemination [2]

| 证券代码：300793 | 证券简称：佳禾智能 | 公告编号：2025-095 | | --- | --- | --- | | 债券代码：123237 | 债券简称：佳禾转债 | | 佳禾智能科技股份有限公司 关于 2025 年第三季度可转债转股情况的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1、佳禾转债（债券代码：123237）转股期为2024年7月10日至2030年1月3日； 最新转股价为13.46元/股。 2、2025年第三季度：共有1,740张佳禾转债完成转股（票面金额共计174,000 元），合计转成12,920股佳禾智能 A 股股票（股票代码：300793）。 殊普通合伙）审计并出具了"天职业字[2024]1127号"《佳禾智能科技股份有限 公司验资报告》，对以上募集资金到账情况进行了审验确认。 （二）可转换公司债券上市情况 经深圳证券交易所同意，公司本次可转债于2024年1月24日在深圳证券交易 所上市交易，债券简称"佳禾转债"，债券代码"123237"。 （三）可转换公司债券转股期限 根据《募集说明书》的规定，本次 ...

Core Points - The Shanghai Composite Index closed at 3822.59 points, above the six-month moving average, with a slight increase of 0.07% [1] - The total trading volume of A-shares reached 13556.41 billion yuan, indicating active market participation [1] - A total of 49 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3822.59 points, reflecting a 0.07% increase [1] - The total trading volume for A-shares today is 13556.41 billion yuan [1] Stocks Surpassing Six-Month Moving Average - 49 A-shares have broken through the six-month moving average [1] - Stocks with the highest deviation rates include: - Shengyuan Environmental Protection: 6.76% - Zhixin Electronics: 6.18% - Weixing Intelligent: 6.16% [1] Additional Stock Information - Other stocks that have recently crossed the six-month line with lower deviation rates include: - Shuanglu Pharmaceutical - China Merchants Jiyu - Libote [1]

Group 1 - The core viewpoint of the article is that Jiahe Intelligent Technology Co., Ltd. held an investor relations event to discuss its business situation, particularly focusing on the headphone OEM business and its profit margins [1] - The investor relations activity was categorized as "Other - Guangdong Region 2025 Investor Online Collective Reception Day," held on September 19, 2025, via a panoramic network [1] - Key company representatives included Mr. Xia Ping, Vice President and Secretary of the Board, and Mr. Liu Dongdan, Vice President and Chief Financial Officer [1] Group 2 - Investors expressed significant interest in whether the gross margin for headphone OEM has increased this year, to which the company responded that the overall gross margin is experiencing a slow decline due to increased competition and changes in client product structures [1] - The company plans to enhance its overall gross margin through continuous technological innovation, expanding product categories, and increasing product added value [1] - The event provided a crucial opportunity for investors to directly communicate with the management team regarding core issues in the headphone OEM business, aiding their understanding of Jiahe Intelligent's operational status [1]

Group 1: Financial Performance - The gross margin for earphone OEM has shown a slight decline due to increased competition in the downstream market and changes in customer product structure [2] - The overall gross margin in the industry is experiencing a slow downward trend, influenced by the increasing penetration rate of TWS (True Wireless Stereo) earphones [2] Group 2: Company Strategy - The company aims to enhance its overall gross margin by continuously innovating technology and expanding product categories to increase product added value [2] - Specific financial data will be provided in the company's periodic reports [2]