Financial Performance - The company's operating revenue for Q3 2025 reached ¥316,428,880, representing a year-on-year increase of 15.98% compared to ¥272,832,100 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2025 was ¥11,873,950, marking a significant increase of 44.25% from ¥8,231,431 in the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,919,820, which is an increase of 11.79% compared to ¥9,768,188 in the same period last year[5]. - Total operating revenue for the period reached ¥930,032,982.85, an increase of 10.55% compared to ¥841,219,740.08 in the previous period[24]. - Net profit for the period was ¥37,343,245.76, representing a significant increase of 74.8% from ¥21,359,872.65 in the prior period[25]. - The total comprehensive income for the period reached CNY 37,291,074.13, compared to CNY 21,375,248.66 in the previous period, reflecting a significant increase[26]. Assets and Equity - The company's total assets at the end of the reporting period were ¥1,549,792,812.66, reflecting an increase of 11.37% from ¥1,391,586,552.02 at the end of the previous year[5]. - The equity attributable to shareholders increased to ¥1,037,958,505.21, up 14.11% from ¥909,599,010.92 at the end of the previous year[5]. - The company's total assets increased to ¥1,549,792,812.66, compared to ¥1,391,586,552.02, marking a growth of 11.4%[23]. - The company's equity attributable to shareholders rose to ¥1,037,958,505.21, up from ¥909,599,010.92, an increase of 14.1%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥39,578,420, a substantial increase of 106.20% compared to ¥19,194,200 in the same period last year[5]. - Cash inflow from operating activities totaled CNY 856,794,767.44, up from CNY 777,802,804.52 in the previous period, indicating a growth of approximately 10.1%[26]. - The net cash flow from operating activities increased to CNY 39,578,426.10, compared to CNY 19,194,206.70 in the prior period, representing a growth of over 106%[26]. - The net cash flow from financing activities improved to CNY 92,538,166.34, up from CNY 49,851,331.39 in the previous period, marking an increase of about 85.5%[27]. Expenses and Liabilities - Management expenses increased by 52.39% to ¥50,573,617.13 due to higher employee compensation, depreciation, and share-based payment costs[13]. - Financial expenses decreased by 97.74% to ¥232,105.73 primarily due to reduced convertible bond interest and increased exchange gains[13]. - Income tax expenses increased by 43.38% to ¥8,223,003.11, reflecting a rise in total profit[13]. - Non-current liabilities decreased to ¥50,720,523.31 from ¥136,939,049.76, indicating a reduction of 63.0%[23]. Investments - The company has seen a significant increase in long-term equity investments, which rose by 1022.84% to ¥10,707,660.04 due to new investments in joint ventures[12]. - Long-term equity investments increased significantly to ¥10,707,660.04 from ¥953,623.76, indicating strategic investments[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,346[15]. - The largest shareholder, Zheng Licheng, holds 13.04% of shares, amounting to 16,079,112 shares, with 3,000,000 shares pledged[15]. Operational Metrics - The company reported a basic earnings per share of ¥0.1000 for Q3 2025, down 9.09% from ¥0.1100 in the same period last year[5]. - Research and development expenses increased to ¥37,858,353.97, compared to ¥29,678,893.88, reflecting a growth of 27.5%[24]. - The company has implemented a retrospective adjustment to its financial statements due to changes in accounting policies, affecting sales expenses and operating costs[6][7]. Other Financial Highlights - Other income rose by 77.95% to ¥12,685,950.43, mainly from increased government subsidies[13]. - The company's cash and cash equivalents increased to ¥39,034,075.24 from ¥34,498,201.05[21]. - Accounts receivable rose to ¥301,608,038.02 from ¥273,974,942.13, indicating improved sales performance[21]. - Inventory increased to ¥290,594,327.91 from ¥271,519,648.43, suggesting potential growth in production or sales[21]. - The company did not undergo an audit for the third quarter financial report[28].

证券代码：300984 证券简称：金沃股份 公告编号：2025-103 浙江金沃精工股份有限公司 第三届董事会第十一次会议决议公告 经审议，公司 2025 年第三季度报告真实反映了公司 2025 年第三季度的财务 状况和经营成果，不存在虚假记载、误导性陈述或重大遗漏。 具体内容详见公司同日披露在巨潮资讯网（www.cninfo.com.cn）上的《2025 年第三季度报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 三、备查文件 1、第三届董事会第十一次会议决议。 特此公告。 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 浙江金沃精工股份有限公司（以下简称"公司"）第三届董事会第十一次会 议通知于 2025 年 10 月 24 日以电子邮件方式发出，会议于 2025 年 10 月 29 日在 公司会议室以现场结合通讯的方式召开。会议由公司董事长杨伟先生主持，应到 董事 9 人，实到董事 9 人（其中现场出席董事 4 名，通讯出席董事 5 名），公司 高级管理人员列席了会议。会议的召集、召开和表决程序符合《中华人民共和国 ...

Summary of Jinwo Co., Ltd. Conference Call Industry and Company Overview - Jinwo Co., Ltd. operates in the global bearing ring market, currently holding a market share of less than 1.5% with a target to achieve 60 billion CNY in revenue, aiming for a 20% annual growth rate [2][4][31] - The company is diversifying into three main industries: bearing rings, humanoid robot components, and insulated bearing rings, with a focus on technological innovation and new product development [3][31] Key Points and Arguments Market Position and Growth Strategy - The global demand for bearing rings is over 100 billion CNY, with Jinwo aiming for 30 billion CNY from both domestic and international markets by 2025 [4][5] - The domestic market for insulated bearings is expected to reach a demand of 90 million units by 2035, driven by the growth of the new energy vehicle sector [4][29] - Jinwo has initiated an internationalization strategy, starting with a factory in Mexico expected to commence production in Q3 2026, followed by expansions in Europe and Southeast Asia [7][31] Financial Performance and Profitability - Jinwo's gross margin has improved from 13%-14% to 16%-17% in 2025, with a goal to restore it to 21%-23% or higher through automation and digital factory initiatives [2][6] - The company reported a doubling of profits in the first half of 2025, with expectations to maintain this growth trajectory in the coming years [10][31] Product Development and Innovations - The company is entering the planetary roller screw market, targeting a production capacity of 40,000 units per week to meet the demand for humanoid robots [8][13] - Insulated bearing rings are set to begin mass production in November 2025, addressing issues of electrical corrosion in new energy drive systems and air conditioning units [9][23][27] Competitive Landscape and Advantages - Jinwo's expertise in bearing ring manufacturing provides a competitive edge in the production of planetary roller screws, leveraging high precision and advanced processing techniques [11][12] - The insulated bearing market is experiencing rapid growth due to increasing electrification demands, with applications in various sectors including new energy vehicles and industrial machinery [27][29] Additional Important Insights - Jinwo is actively developing partnerships with major clients, including collaborations with leading global companies like Schaeffler and SKF [5][16] - The company is addressing the challenges of internal thread processing in planetary roller screws, focusing on innovative manufacturing techniques to enhance efficiency [18] - The insulated bearing technology is positioned to significantly reduce costs compared to traditional ceramic ball bearings, enhancing market competitiveness [25][26] Future Outlook - Jinwo aims to maintain a 20% annual revenue growth and expand its market presence, particularly in the insulated bearing segment starting in the second half of 2026 [31]

Core Viewpoint - Jinwo Co., Ltd. has seen a stock price increase of 5.54%, reaching 70.50 CNY per share, with a total market capitalization of 8.69 billion CNY as of October 21 [1] Group 1: Company Overview - Jinwo Co., Ltd. is located in Quzhou City, Zhejiang Province, and was established on June 14, 2011, with its listing date on June 18, 2021 [1] - The company's main business involves the research, development, production, and sales of bearing rings, with 95.72% of its revenue coming from this segment and 4.28% from other sources [1] Group 2: Shareholder Information - Penghua Fund's carbon neutrality theme mixed fund (016530) has entered the top ten circulating shareholders of Jinwo Co., Ltd., holding 4.935 million shares, which is 6.37% of the circulating shares [2] - The fund has achieved a floating profit of approximately 18.26 million CNY today [2] - The fund was established on May 5, 2023, with a current size of 2.08 billion CNY and has recorded a year-to-date return of 89.15% [2] Group 3: Fund Performance - The Penghua Fund's mixed fund (003835) holds 784,700 shares of Jinwo Co., Ltd., representing 3.96% of the fund's net value, ranking it as the fifth-largest holding [4] - This fund has a floating profit of about 2.90 million CNY today [4] - The fund was established on December 2, 2016, with a current size of 691 million CNY and has achieved a year-to-date return of 53.96% [4]

Market Performance - The general equipment sector increased by 2.03% on October 15, with Ding Tai Gao Ke leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Top Gainers in General Equipment Sector - Ding Tai Gao Ke (301377) closed at 72.61, up 11.71% with a trading volume of 122,000 shares and a transaction value of 867 million [1] - Rong Qi Ke Ji (301360) closed at 84.00, up 11.55% with a trading volume of 54,400 shares [1] - Mo Xin Yi Qi (688622) closed at 133.50, up 11.18% with a trading volume of less than 35,800 shares [1] - Wu Zhou Xin Chun (603667) closed at 45.55, up 10.00% with a trading volume of 561,900 shares and a transaction value of 2.506 billion [1] Market Capital Flow - The general equipment sector saw a net inflow of 225 million from institutional investors, while retail investors contributed a net inflow of 277 million [2] - However, there was a net outflow of 503 million from speculative funds [2] Individual Stock Capital Flow - Wu Zhou Xin Chun (603667) had a net inflow of 440 million from institutional investors, but a net outflow of 184 million from speculative funds [3] - Ding Tai Gao Ke (301377) experienced a net inflow of 76 million from institutional investors, with a net outflow of 82 million from retail investors [3] - Teng Da Ke Ji (001379) had a significant net inflow of 111 million from institutional investors, while speculative funds saw a net outflow of 63 million [3]

Market Overview - The general equipment sector experienced a decline of 0.43% on October 13, with Green Island Wind leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Gainers - Tonghui Electronics (920509) saw a closing price of 44.17, with a significant increase of 29.99% and a trading volume of 146,200 shares, amounting to a transaction value of 604 million [1] - Jiuling Technology (920505) closed at 70.16, up 26.64%, with a trading volume of 92,500 shares and a transaction value of 610 million [1] - New Lai Materials (300260) closed at 65.58, increasing by 20.00%, with a trading volume of 426,500 shares and a transaction value of 2.714 billion [1] Top Losers - Green Island Wind (301043) closed at 49.87, down 10.63%, with a trading volume of 47,600 shares [2] - Anpeilong (301413) closed at 155.10, decreasing by 6.66%, with a trading volume of 49,000 shares [2] - Hengerd (300946) closed at 55.33, down 5.74%, with a trading volume of 39,900 shares [2] Capital Flow - The general equipment sector saw a net outflow of 1.909 billion from institutional investors, while retail investors experienced a net inflow of 2.312 billion [2] - The table of capital flow indicates that Dongmu Co. (600114) had a net inflow of 97.7951 million from institutional investors, while it faced a net outflow of 57.0838 million from retail investors [3] - New Lai Materials (300260) had a net inflow of 42.5658 million from institutional investors, with a net outflow of 19.0466 million from retail investors [3]

Core Points - Zhejiang Jinwo Precision Engineering Co., Ltd. received an inquiry letter from the Shenzhen Stock Exchange regarding its application for a private placement of shares on August 4, 2025 [1] - The company, along with relevant intermediaries, has responded to the inquiries and updated the fundraising prospectus and other application documents [1] - The company disclosed its semi-annual report for 2025, leading to updates in the financial data within the application documents [1] - Further updates to the inquiry response and related application documents were made based on additional review comments from the Shenzhen Stock Exchange, with disclosures made on September 30, 2025 [1] - The issuance of shares to specific targets is subject to approval from the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [1] Financial Data Updates - The company updated its financial data in the application documents following the public disclosure of its 2025 semi-annual report [1] - The updated financial information was disclosed on August 29, 2025 [1] Regulatory Process - The issuance of shares requires approval from the Shenzhen Stock Exchange and registration from the China Securities Regulatory Commission, indicating a regulatory pathway that includes multiple steps [1] - The company will fulfill its information disclosure obligations and remind investors of potential investment risks [1]

广发证券股份有限公司 关于 浙江金沃精工股份有限公司 2025 年度向特定对象发行 A 股股票 之 上市保荐书 保荐机构（主承销商） 二零二五年九月 浙江金沃精工股份有限公司 上市保荐书 声 明 广发证券股份有限公司（以下简称"广发证券"、"保荐人"或"保荐机 构"）及具体负责本次证券发行上市项目的保荐代表人已根据《公司法》《证 券法》等法律、法规和中国证监会及深圳证券交易所的有关规定，诚实守信， 勤勉尽责，严格按照依法制订的业务规则和行业自律规范出具本上市保荐书， 并保证本上市保荐书的真实、准确、完整。 如无特别说明，本上市保荐书中所有简称和释义，均与《浙江金沃精工股 份有限公司 2025 年度向特定对象发行 A 股股票募集说明书》一致。 3-3-1 | 声 明 | 1 | | --- | --- | | 目 录 | 2 | | 第一节 | 本次证券发行基本情况 3 | | 一、发行人基本情况 3 | | | 二、本次证券发行的基本情况 9 | | | 三、保荐代表人、项目协办人及项目组其他成员情况 12 | | | 四、发行人与保荐机构的关联关系 13 | | | 第二节 | 保荐机构的承诺事项 15 | ...

浙江天册律师事务所 电话：0571 8790 1111 传真：0571 8790 1500 关于 浙江金沃精工股份有限公司 2025 年度向特定对象发行 A 股股票的 补充法律意见书（一） 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 补充法律意见书（一） 浙江天册律师事务所 关于浙江金沃精工股份有限公司 2025 年度向特定对象发行 A 股股票的 补充法律意见书（一） 编号：TCYJS2025H1440 号 致：浙江金沃精工股份有限公司 补充法律意见书（一） 3-2 浙江天册律师事务所（以下简称"本所"）接受浙江金沃精工股份有限公司 （以下简称"金沃股份"、"发行人"或"公司"）的委托，作为发行人 2025 年 度向特定对象发行 A 股股票（以下简称"本次发行"或"本次向特定对象发行股 票"）之专项法律顾问，为发行人本次发行提供法律服务，并已出具编号为 "TCYJS2025H1104"的《浙江天册律师事务所关于浙江金沃精工股份有限公司 2025 年度向特定对象发行 A 股股票的法律意见书》（以下简称"《法律意见书》"） 和编号为"TCLG2025H1158"的《浙江天册律师事务所关 ...

证券简称：金沃股份 证券代码：300984 浙江金沃精工股份有限公司 与 广发证券股份有限公司 关于 浙江金沃精工股份有限公司 申请向特定对象发行股票的 审核问询函之回复 （修订稿） 保荐人（主承销商） 二〇二五年九月 深圳证券交易所： 1-2 | 问题 | 1 | 4 | | --- | --- | --- | | 问题 | 2 | 73 | | 其他问题 | | 165 | 问题 1 根据申报材料，发行人本次向特定对象发行股票拟募集资金不超过 95,000.00 万元（含本数），其中 40,543.00 万元投向轴承套圈智能智造生产基 地改扩建项目（以下简称项目一），17,564.00 万元投向墨西哥生产基地建设项 目（以下简称项目二），9,893.00 万元投向锻件产能提升项目（以下简称项目三）， 27,000.00 万元补充流动资金。其中，项目二为纯扩产项目，拟建设轴承套圈生 产线；除扩产外，项目一还包括对现有业务的升级，项目三还包括对产业链上游 的延伸。项目一的不动产权证证号为浙（2025）衢州市不动产权第 0027737 号， 项目一与项目三环评文件尚未取得；项目二已取得浙江省商务厅核发的《企业境 ...