Group 1 - The company Huazhong Xinchuan (300928) has been in deep cooperation with Xiaopeng for many years [1] - The company's display system terminal products have been applied in Xiaopeng's automobiles and low-altitude flying vehicles [1] - The related flying vehicle products have not yet achieved mass production and sales [1]

Core Viewpoint - Huazhong Xinchang (300928.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges faced by the company [1] Financial Performance - The company's operating revenue for the first three quarters was 681 million yuan, a year-on-year decrease of 2.16% [1] - The net loss attributable to shareholders of the listed company was 58.354 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 59.722 million yuan [1] - The basic loss per share was 0.73 yuan [1]

Financial Performance - The company's revenue for Q3 2025 was ¥261,975,896.65, a decrease of 1.42% compared to the same period last year[5] - The net profit attributable to shareholders was -¥20,333,082.52, down 79.51% year-on-year[5] - The basic earnings per share for the period was -¥0.25, reflecting a decline of 78.57% compared to the previous year[5] - Total operating revenue for the current period is CNY 681,407,273.98, a decrease of 2.3% from CNY 696,463,158.44 in the previous period[20] - Net profit for the current period is a loss of CNY 54,974,075.19, compared to a loss of CNY 35,585,076.58 in the previous period, indicating a worsening performance[21] - Basic and diluted earnings per share were both -CNY 0.73, worsening from -CNY 0.49 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,309,041,678.56, a decrease of 2.57% from the end of the previous year[5] - Total assets decreased to CNY 1,309,041,678.56 from CNY 1,343,567,034.53, a decline of 2.6%[19] - Total liabilities increased to CNY 194,117,174.32 from CNY 175,852,511.78, an increase of 10.5%[19] Cash Flow - The cash flow from operating activities showed a net outflow of -¥45,274,810.16, an increase of 26.63% in outflow compared to the previous year[5] - Cash inflow from operating activities totaled CNY 861,779,758.21, up from CNY 752,323,450.73, representing an increase of approximately 14.5%[22] - Cash outflow from operating activities was CNY 907,054,568.37, compared to CNY 814,029,362.68 in the previous period, resulting in a net cash flow from operating activities of -CNY 45,274,810.16[22] - Cash inflow from investment activities was CNY 87,030,995.59, down from CNY 211,021,036.22, reflecting a decrease of approximately 58.8%[23] - Cash outflow from investment activities totaled CNY 149,878,694.57, compared to CNY 300,583,287.77 in the previous period, leading to a net cash flow from investment activities of -CNY 62,847,698.98[23] - The ending cash and cash equivalents balance was CNY 101,595,171.77, down from CNY 231,048,330.19 in the previous period[23] Inventory and Borrowings - Inventory increased by 40.76% to ¥111,637,055.65, attributed to the ramp-up in production of smart cockpit terminal projects[9] - Short-term borrowings rose by 33.31% to ¥80,041,288.86, primarily due to new short-term bank loans[9] Expenses - Total operating costs increased to CNY 750,832,036.19, up 1.2% from CNY 738,978,705.03 in the previous period[20] - Financial expenses increased by 174.63% to ¥992,737.76, mainly due to increased borrowing interest expenses[9] - Research and development expenses increased to CNY 48,521,136.53, up from CNY 45,351,746.90, reflecting a focus on innovation[20] Tax and Other Income - Income tax expenses increased by 84.41% to -$22,671,277.52, reflecting a corresponding decrease in total profit[10] - Cash received from tax refunds decreased by 43.74% to $1,397,575.50, mainly due to higher refunds in the previous period[10] - Cash received from other operating activities fell by 42.56% to $2,085,174.34, attributed to fewer government subsidies received[10] - The company received government subsidies amounting to ¥603,620.00 during the reporting period[7] - Other comprehensive income after tax for the current period is CNY 3,747,456.68, compared to a loss of CNY 2,334,198.04 in the previous period, indicating improved performance in this area[21] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 9,723, with the top 10 shareholders holding significant stakes[11] - The largest shareholder, He Xinyi, holds 22.00% of shares, totaling 17,597,754 shares[11]

Core Points - Huazhong Xinchang announced the convening of the 13th meeting of the third board of directors on August 27, 2025, and the first extraordinary shareholders' meeting on September 15, 2025, to review the proposal for expanding the company's business scope and amending the articles of association [2] - The company has completed the registration procedures for the changes related to the board and shareholders' resolutions, and has obtained a new business license from the Beijing Economic and Technological Development Zone Market Supervision Administration [2]

华安鑫创控股（北京）股份有限公司 章 程 二〇二五年十月 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下简 称"公司"）。公司由华安鑫创控股（北京）有限公司依法整体变更设立，承继原华安 鑫创控股（北京）有限公司的全部资产、负债和业务。公司在北京经济技术开发区市 场监督管理局注册登记，并取得统一社会信用代码为"91110112061289514G"的《营 业执照》。 第三条 公司于 2020 年 12 月 10 日经中国证券监督管理委员会（以下简称"中 国证监会"）注册同意，首次向社会公众发行人民币普通股 2,000.00 万股，于 2021 年 1 月 6 日在深圳证券交易所上市。 第四条 公司注册名称：华安鑫创控股（北京）股份有限公司 公司英文名称：HAXC Holdings (Beijing) Co., Ltd. 第五条 公司住所：北京市北京经济技术开发区科创十三街 18 号院 5 号楼 3 层 0304A 室； | 第一章 | 总 | 则 | 4 | | --- | --- | --- | --- | | 第二章 | | 经营宗旨和经营范围 | 5 | | 第三章 | | 公司设立方 ...

证券代码：300928 证券简称：华安鑫创 公告编号：2025-042 近日，公司完成了上述董事会、股东大会决议所涉《公司章程》备案等事项 的工商变更登记手续，并取得了北京经济技术开发区市场监督管理局换发的《营 业执照》。因市场监督管理部门更新并统一了企业经营范围术语，公司原经营范 围部分表述须按照市场监督管理部门的要求做相应调整。由于该等调整仅为经营 范围术语的更新与统一，因此不会对公司业务经营产生实质影响。公司已对2025 年8月28日在巨潮资讯网（www.cninfo.com.cn）披露的《公司章程》中涉及经营 范围的条款内容作出相应调整，调整后的《公司章程》详见相关公告。本次变更 后公司相关工商登记信息如下： 名 称：华安鑫创控股（北京）股份有限公司 统一社会信用代码：91110112061289514G 类 型：股份有限公司（上市、自然人投资或控股） 住 所：北京市北京经济技术开发区科创十三街18号院5号楼3层0304A 室 华安鑫创控股（北京）股份有限公司 关于完成工商变更登记并换发营业执照的公告 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 ...

Group 1 - Jieqiang Equipment has completed the acquisition of 51% stake in Shandong Carbon Seeking, which will now be included in the company's consolidated financial statements [1] - Tonghua Dongbao's insulin injection product has received marketing approval in Myanmar for diabetes treatment [1] - New Light Optoelectronics' actual controller plans to increase shareholding by 5 to 10 million yuan within six months [2] Group 2 - Far East Holdings received contracts worth 1.769 billion yuan in September [3] - Poly Developments reported a 1.84% decrease in signed sales amount in September, totaling 20.531 billion yuan [4] - ST Nuotai expects a net profit increase of 5.62% to 13.74% for Q3 2025 [7] Group 3 - Chongqing Port's controlling shareholder plans to merge with another entity, changing the controlling shareholder to Chongqing Logistics Group [9] - New Energy Company reported a 28.21% increase in cumulative power generation from January to September [11] - Dashiang Co. announced the resignation of its chairman due to personal reasons [12] Group 4 - Liao Port Co. announced the resignation of a non-executive director due to work changes [13] - Zhongzai Resources received a government subsidy of 5.33 million yuan, accounting for 23.72% of its audited net profit for 2024 [14] - Xiaoming Co. reported a sales revenue of 66.15 million yuan from chicken products in September [15] Group 5 - Tianyi Co. signed a framework contract worth 23.50 million yuan for e-business network terminal production [16] - Jingu Co. signed a strategic cooperation agreement with Ninebot Technology for lightweight materials [18] - Tianbang Foods reported a sales revenue of 634 million yuan from commodity pigs in September [20] Group 6 - Shaanxi Energy's subsidiary received an administrative penalty for safety violations, resulting in a fine of 940,000 yuan [22] - North Bay Port reported a 9% increase in cargo throughput in September [23] - Tangrenshen reported a sales revenue of 639 million yuan from pig sales in September [24] Group 7 - Dabeinong reported a sales revenue of 541 million yuan from pig sales in September [25] - Jiukang Bio obtained four medical device registration certificates [26] - Canan Co. invested 90 million yuan in structured deposits with a bank [27] Group 8 - Zhuhai Port reported a 5.44% decrease in cargo throughput in Q3 [28] - Jinli Yongmag expects a net profit increase of 157% to 179% for the first three quarters [29] - Huamao Logistics' controlling shareholder plans to increase shareholding by 64.5 to 129 million yuan [30] Group 9 - Dongjie Intelligent signed a 50 million yuan contract for intelligent warehousing in the steel industry [31] - Sais Technology signed a cooperation framework agreement with Volcano Engine for intelligent robotics [32] - Huadong Pharmaceutical's subsidiary received approval for clinical trials of a new drug targeting advanced solid tumors [34] Group 10 - TCL Technology completed the acquisition of 80% and 100% stakes in LG Display's subsidiaries for 11.088 billion yuan [34] - Shuangliang Energy won a 419 million yuan EPC project for cooling systems [36] - Ruina Intelligent announced plans for shareholders to reduce their stakes by up to 1.18% [38] Group 11 - Baodi Mining announced plans for shareholders to reduce their stakes by up to 5.45% [40] - Xinyi Technology's shareholders set the transfer price for shares at 328 yuan each [42] - Sunshine Power submitted an application for H-share listing on the Hong Kong Stock Exchange [44] Group 12 - Qisheng Technology's controlling shareholder plans to reduce their stake by up to 3.09% [46] - Wu Ming Kangde sold 30.3 million shares of Wu Ming He Lian through block trading [48] - Qiaoyin Co. announced plans for shareholders to reduce their stakes by up to 6% [49] Group 13 - Muyuan Foods reported a sales revenue of 9.066 billion yuan from commodity pigs in September [51] - Huawang Technology's shareholders plan to reduce their stakes by up to 1.1% [53] - Huaxin Xinchuang received a project notification from Lantu Automotive for display components [54] Group 14 - China Merchants Shekou reported a signed sales amount of 16.698 billion yuan in September [55] - Shao Neng Co. received approval for an antitrust review regarding a share acquisition [57] - Pengding Holdings reported a 6.21% increase in consolidated revenue in September [58] Group 15 - Ganfeng Lithium is advancing its solid-state battery commercialization and strategic investment in the energy storage sector [59]

Core Viewpoint - Huazhong Xinchuan has received project confirmation from Lantu Automotive for the development and supply of dual-screen display assembly products, highlighting the company's technical strength and capabilities in the smart cockpit display assembly sector [2] Group 1: Company Developments - Huazhong Xinchuan has been recognized for its integration capabilities, rapid delivery, and cost control in the smart cockpit display assembly field through this collaboration with Lantu Automotive [2] - The dual-screen display is described as the core "visual hub" of the smart cockpit, enhancing interaction efficiency and reshaping the aesthetic of the interior [2] Group 2: Industry Trends - The shift from "dual-core drive" to "single-core multi-screen" in electronic and electrical architecture is noted, contributing to vehicle lightweighting and cost optimization [2] - The project confirmation is expected to help Huazhong Xinchuan optimize supply chain management and improve production efficiency and cost control [2] Group 3: Future Outlook - Successful conversion of subsequent orders could enhance Huazhong Xinchuan's market share in the smart cockpit sector and positively impact future operating performance [2] - There is uncertainty regarding project progress, with actual supply volumes dependent on formal sales orders, making the impact on this year's operating performance uncertain [2]

Core Insights - Huazhong Xinchuan (300928.SZ) has received a project confirmation notice from Lantu Automotive Technology Co., Ltd., indicating that the company has been qualified for the development and supply of dual-screen display assembly products for a specific project [1] Group 1 - Huazhong Xinchuan has been awarded the qualification for a project with Lantu Automotive, which signifies a potential growth opportunity in the automotive display market [1]

Core Viewpoint - Huazhong Xinchang (300928.SZ) has received a project confirmation from Lantu Automotive Technology Co., Ltd. for the development and supply of dual-screen display assembly products [1] Group 1 - The company has been officially designated as a supplier for a specific project by Lantu Automotive [1] - This project involves the development and supply of dual-screen display assembly products [1]