Core Insights - The company reported a significant decline in revenue and net profit for the third quarter, indicating potential challenges in its financial performance [1] Financial Performance - The company's revenue for the first three quarters was 469,759,438.87 yuan, representing a year-on-year decrease of 46.84% [1] - The net profit attributable to shareholders was 3,506,372.50 yuan, which is a year-on-year decrease of 72.05% [1] Shareholder Changes - Among the top ten circulating shareholders, several new investors have entered, including Shenzhen Shenlei Technology Co., Ltd., Ma Xiaochuan, and Shanghai Juming Investment Management Co., Ltd. [1]

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。 根据《企业会计准则》相关规定的要求，为了更加真实、准确地反映无锡线上线 下通讯信息技术股份有限公司（以下简称"公司"）截至2025年9月30日的资产状况和 财务状况，公司（含子公司）对应收款项、其他应收款、存货、固定资产等资产进行 了全面清查，对可能发生减值迹象的资产进行了充分地分析和评估，按资产类别进行 了减值测试。根据减值测试结果，基于谨慎性原则，公司对可能发生资产减值损失的 相关资产计提了减值准备。现将本次计提资产减值准备的具体情况公告如下： 一、本次计提资产减值准备情况 经过公司对截止2025年9月30日存在可能发生减值迹象的资产进行全面清查和资 产减值测试后，2025年1月-9月计提信用减值损失为6,181,811.26元，计提资产减值损 失0.00元。具体详见下表： 单位：元 | 项目名称 | 2025年1-9月份计提金额 | | --- | --- | | 信用减值损失 | 6,181,811.26 | | 其中：应收账款坏账准备 | 5,704,196.09 | | 其他应收款坏账准备 | 477 ...

证券代码：300959 证券简称：线上线下 公告编号：2025-060 无锡线上线下通讯信息技术股份有限公司 第三届董事会第十二次会议决议公告 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。 表决结果：5 票同意，0 票弃权，0 票反对。 一、董事会会议召开情况 1.本次董事会由夏军先生召集，会议通知于 2025 年 10 月 25 日以电子邮件方式发 出。 2.本次董事会于 2025 年 10 月 28 日在公司会议室以通讯方式召开。 3.本次董事会应出席董事 5 名，实际出席董事 5 名。 4.本次董事会由董事长夏军先生主持，公司高管列席了本次董事会。 5.本次董事会会议的召集、召开符合《公司法》《公司章程》及相关法规的规定。 二、董事会会议审议情况 本次会议以投票表决方式审议通过以下议案： 1. 审议通过《关于<2025 年第三季度报告>的议案》 2025 年 10 月 30 日 2 经审议，董事会一致认为：公司《2025 年第三季度报告》的内容符合法律、行 政法规、中国证券监督管理委员会和深圳证券交易所的相关规定，报告内容真实、准 确、完整，不存在任何 ...

Company Summary - The company "线上线下" announced a credit impairment loss of approximately 6.18 million yuan for the period from January to September 2025, resulting in a total profit reduction of about 6.18 million yuan and a net profit reduction attributable to shareholders of approximately 4.6 million yuan [1] - The equity attributable to shareholders decreased by approximately 4.02 million yuan due to the credit impairment loss [1] - The credit impairment loss was not audited by an accounting firm, and the final figures will be based on the audited financial data [1] Revenue Composition - For the first half of 2025, the revenue composition of "线上线下" was as follows: mobile information services accounted for 89.34%, digital marketing business accounted for 10.51%, and other businesses accounted for 0.15% [1] Market Capitalization - As of the report date, the market capitalization of "线上线下" is 8.6 billion yuan [1]

Financial Performance - The company's revenue for Q3 2025 was ¥136,063,297.59, a decrease of 61.68% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥7,212,561.29, representing a decline of 169.29% year-over-year[4] - The company's basic earnings per share were -¥0.09, a decline of 169.23% compared to the same period last year[4] - Total operating revenue for the current period was ¥469,759,438.87, a decrease of 46.8% compared to ¥883,615,230.80 in the previous period[27] - Net profit for the current period was ¥4,788,019.43, a decline of 66.1% from ¥14,042,633.67 in the previous period[29] - Earnings per share for the current period were ¥0.04, compared to ¥0.15 in the previous period, reflecting a 73.3% decrease[29] Cash Flow - The net cash flow from operating activities was ¥4,397,759.70, down 89.52% from the previous year[4] - Net cash flow from operating activities was ¥4,397,759.70, a significant decrease from ¥41,969,634.88 in the previous period[32] - Investment cash inflow totaled ¥654,991,017.53, compared to ¥591,751,101.04, reflecting an increase of about 10.7%[33] - Net cash flow from investment activities improved to ¥24,468,568.92, recovering from a negative cash flow of -¥98,871,693.18 in the prior period[33] - Cash inflow from financing activities was ¥10,000,000.00, down from ¥52,650,614.62, indicating a decline of approximately 81%[33] - Net cash flow from financing activities was -¥83,214,639.51, worsening from -¥70,939,786.07 in the previous period[33] - The ending cash and cash equivalents balance was ¥172,330,649.43, an increase from ¥140,770,631.21 year-over-year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,331,061,808.29, a decrease of 7.80% from the end of the previous year[4] - The company's total current assets decreased from 1,230,982,746.41 RMB to 1,036,696,338.02 RMB, a decline of approximately 15.7%[23] - The total assets decreased from 1,443,609,825.51 RMB to 1,331,061,808.29 RMB, representing a reduction of about 7.8%[23] - Total liabilities decreased to ¥197,344,765.82 from ¥261,206,310.17, a reduction of 24.4%[25] - Total equity decreased to ¥1,133,717,042.47 from ¥1,182,403,515.34, a decline of 4.1%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,835[16] - The largest shareholder, Wang Kun, holds 25.89% of shares, amounting to 20,808,746 shares, with 16,448,041 shares pledged[16] - Shenzhen Shenlei Technology Co., Ltd. holds 13.32% of shares, totaling 10,706,199 shares, all of which are pledged[16] - The company has not disclosed any changes in the top 10 shareholders due to securities lending activities[18] Research and Development - Research and development expenses for the first nine months of 2025 were ¥6,015,071.09, a decrease of 38.68% compared to the previous year[11] - The company reported a decrease in research and development expenses to ¥6,015,071.09 from ¥9,809,503.27, a reduction of 38.5%[28] Other Financial Metrics - The company reported a significant increase in other equity instrument investments, rising by 64,405.44% to ¥28,669,445.00[9] - The net cash flow from investing activities increased by 124.75% to ¥24,468,568.92 compared to the previous year[14] - The company experienced a 58.02% reduction in short-term borrowings, which decreased to ¥20,015,277.78[9] - The company recorded a financial expense of -¥5,323,346.32, an improvement compared to -¥7,268,778.08 in the previous period[28] Market Strategy - The company aims to enhance market expansion strategies and product development in the upcoming quarters[30] Audit Status - The company’s third-quarter financial report was not audited, which may impact the reliability of the reported figures[34]

"以前下船换班要带着行李跑两个地方，路上折腾，查验还要重复开包。"船员冀泽起说，在新启用的国 际换班船员联合查验中心，船员可以"一站换班"，"一次开包"即可完成检查，原本需要40分钟的行李物 品查验时间，如今不到10分钟即可完成。 据悉，本次启用的国际换班船员联合查验中心采用"线下共同查验、线上协同支撑"模式，在线下，边检 民警和海关关员在中心现场联合进行实物查验，在线上，双方则通过换班船员信息申报系统，完成船员 信息申报和行李物品预警研判。 中新网青岛10月28日电(张孝鹏)全国首个线上线下式国际换班船员联合查验中心28日在中国(山东)自贸 试验区青岛片区(简称"青岛自贸片区")启用。该中心通过"线下共同查验、线上协同支撑"的一体化监管 模式简化审批流程，将船员换班时间从2至3个小时压缩至不到1个小时。 10月28日，线上线下式国际换班船员联合查验中心在青岛自贸片区启用。(青岛自贸片区管委会供图) 山东港口青岛港是全球领先的综合性港口，年均出入境(港)船舶1.8万余艘次、出入境(港)人员38万余人 次。青岛自贸片区提升国际航行船舶换班船员通关体验，对当地优化口岸营商环境意义深远。 据介绍，目前，该国际换班船 ...

Investment Rating - The report maintains a "Recommended" rating for the telecommunications industry, reflecting a positive outlook due to sustained high demand and growth in AI, 5.5G, and satellite communications [5]. Core Insights - The telecommunications sector experienced a significant increase, with the industry index rising by 11.55% during the week of October 20-26, 2025. This is in contrast to the broader market indices, which saw smaller gains [11][14]. - The report highlights that the highest growth within the telecommunications sub-sectors was in communication network equipment and devices, which rose by 17.85%, while communication engineering and services had the lowest increase at 3.07% [14][15]. - Notable individual stock performances included Zhongji Xuchuang, which surged by 32.23%, followed by Line Online and Shijia Photon with increases of 28.98% and 24.63%, respectively [16]. Summary by Sections Market Overview - The overall market performance for the week showed the Shanghai Composite Index up by 2.88%, the Shenzhen Component Index up by 4.73%, and the ChiNext Index up by 8.05%, indicating a robust market environment [11]. Sub-sector Performance - The report details that all sub-sectors within telecommunications showed an upward trend, with communication network equipment and devices leading the gains [14][15]. Key News and Developments - The report notes significant advancements in quantum computing, with Google achieving a breakthrough that allows for calculations 13,000 times faster than traditional computers, which could have implications for various industries including telecommunications [25]. - The "14th Five-Year Plan" emphasizes the importance of emerging technologies such as low-altitude economy, quantum technology, 6G, and artificial intelligence, which are expected to drive future growth in the telecommunications sector [20][21]. Company Announcements - Several major telecommunications companies released their third-quarter reports, showing varied performance metrics. For instance, China Mobile reported a revenue of 794.67 billion RMB, a year-on-year increase of 0.41%, while China Telecom reported a revenue of 396.99 billion RMB, up by 0.58% [26][28].

Core Points - The Ministry of Education held the "Golden Autumn Launch" employment matching event for the 2026 national college graduates in Hangzhou, Zhejiang, gathering over 400 employers across various sectors [2] - More than 7,000 job positions were offered at the event, with an additional 90,000 job opportunities available online through the "National College Student Employment Service Platform" [2] - The event introduced a technology achievement exhibition and trading fair for universities, aimed at addressing the technical upgrade and talent service needs of enterprises, thereby enhancing quality and capacity while increasing employment for graduates [2] Industry Insights - The Ministry of Education is actively guiding localities and universities to expand market-oriented and social employment channels, ensuring precise employment services [4] - There is a focus on connecting with economically strong provinces to better facilitate the matching of talent and job positions between universities and enterprises [4]

Investment Rating - The communication industry is rated as "Positive" with expectations that the industry index will outperform the market index by over 5% in the next six months [49]. Core Insights - The communication sector has shown robust growth, with a 11.56% increase from October 20 to October 24, 2025, outperforming the CSI 300 index by 8.31 percentage points [3][13]. - Year-to-date, the communication industry has risen by 70.42%, ranking second among major sectors [3][15]. - The current PE TTM for the communication sector is 25.93, which is at the 34.12 percentile, indicating a relatively low valuation level [15]. - The report highlights a significant internal performance and stock price divergence among listed companies, suggesting a cautious yet optimistic outlook for operators with sustained profit growth and enhanced network value [6][47]. Summary by Sections Market Review - The communication sector has outperformed the CSI 300 index, with 101 out of 120 listed companies experiencing stock price increases during the review period [14][15]. - The top three gainers were Zhongji Xuchuang, Online Offline, and Shijia Photon, while the top three decliners were Dongxin Peace, Zhongguang Lightning Protection, and Wanma Technology [17][14]. Industry News - The report discusses the strategic focus on emerging technologies such as quantum technology, embodied intelligence, and 6G, which are expected to create significant market opportunities over the next decade [18][19]. - Major telecommunications companies like China Mobile, China Telecom, and China Unicom reported steady revenue growth, with China Mobile achieving a revenue of 794.7 billion yuan and a net profit of 115.4 billion yuan, reflecting a 4% year-on-year increase [26][28][30]. Investment Recommendations - The report suggests maintaining a cautiously optimistic stance, focusing on operators with continuous profit growth, companies benefiting from traffic growth and computing networks, and high-quality firms with strong core competitiveness [6][47].

Group 1 - The event held in Beijing aimed to connect the supply chain and introduce local specialty agricultural products from Gaoyou, such as Gaoyou duck eggs and shrimp, to the Beijing market [1] - The New Fa Di market plays a crucial role in supplying over 80% of agricultural products to Beijing, making it a strategic hub for Gaoyou's agricultural products [1] - Key products showcased included Gaoyou duck eggs, shrimp, and rice, with several other local specialties attracting attention from buyers and citizens [1] Group 2 - Gaoyou has established 16 Chinese geographical indication trademark agricultural products and 3 national geographical indication products, with several included in national promotion lists [2] - The establishment of a "Gaoyou Quality Agricultural Products Supply and Marketing Base" at New Fa Di market and the hiring of four agricultural experts for strategic development indicate a strong preparation for market entry [2] - The New Fa Di market has committed to creating a "green channel" for Gaoyou agricultural products, promoting them through both online and offline channels to ensure stable supply to the Beijing market [2]