证券代码：300994 证券简称：久祺股份 公告编号：2025-057 （一）审议通过《关于<2025年第三季度报告>的议案》 经审议，董事会认为：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。 公司董事会审计委员会审议通过了该议案。 久祺股份有限公司 第三届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、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 久祺股份有限公司（以下简称"公司"）第三届董事会第七次会议于2025年10 月24日在公司会议室以现场结合网络的方式召开。会议通知已于2025年10月19日以 专人送达的方式送达各位董事。本次会议由董事长李政先生召集并主持，会议应出 席董事7人，实际出席董事7人。公司全体高级管理人员列席了本次会议。本次会议 的召集、召开和表决程序符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 经与会董事认真审议，形成以下决议： 2025年10月28日 表决情况：7 票同意，0 票反对，0 票弃权。 具体内容详见公司同日披露于巨潮资讯网 ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥869,699,243.60, an increase of 22.21% compared to the same period last year[5] - Net profit attributable to shareholders was ¥42,198,048.48, up 58.94% year-on-year[5] - Basic earnings per share increased by 63.64% to ¥0.18[5] - The company reported a 32.45% increase in revenue for the first nine months of 2025, totaling ¥2,369,134,070.11[9] - Total operating revenue for the current period reached ¥2,369,134,070.11, a significant increase of 32.5% compared to ¥1,788,634,888.90 in the previous period[18] - Net profit for the current period was ¥121,158,615.64, representing a 48.8% increase from ¥81,470,303.78 in the previous period[20] - Basic and diluted earnings per share both improved to ¥0.55, compared to ¥0.35 in the prior period[20] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,285,031,389.16, reflecting a 5.17% increase from the end of the previous year[5] - Total assets increased to ¥2,285,031,389.16 from ¥2,172,788,176.22, reflecting a growth of approximately 5.2%[15] - Total liabilities increased to ¥1,046,029,867.76, up from ¥959,646,035.35 in the previous period[16] - Total equity attributable to shareholders of the parent company rose to ¥1,198,556,017.57, compared to ¥1,164,559,555.76 in the previous period[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥97,955,008.66, up 18.31%[5] - Cash generated from operating activities was ¥2,531,821,630.92, an increase from ¥1,844,034,456.81 in the previous period[22] - Net cash inflow from operating activities amounted to ¥97,955,008.66, an increase from ¥82,796,488.99 in the previous period, reflecting a growth of approximately 18.5%[23] - The cash flow from operating activities totaled ¥2,882,570,533.76, compared to ¥2,074,568,049.74, indicating a growth of approximately 39%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,877[11] - The largest shareholder, Li Zheng, holds 33.30% of shares, totaling 77,618,160 shares[11] - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with the top three shareholders alone holding over 65%[11] - The company has established a joint action agreement among major shareholders, effective for one year until August 2026[12] - The company is actively managing its shareholder structure to ensure stability and efficient decision-making processes[12] Operating Costs and Margins - The gross profit margin for the first nine months of 2025 was impacted by a 32.15% increase in operating costs, totaling ¥2,041,460,004.34[9] - Total operating costs amounted to ¥2,223,916,209.85, up 31.0% from ¥1,696,122,659.74 in the prior period[19] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥887,677,750.30 from ¥822,324,621.67, a growth of approximately 7.5%[14] - The total cash and cash equivalents at the end of the period reached ¥854,158,813.26, compared to ¥711,037,076.05, marking an increase of about 20.1%[23] Other Financial Metrics - Cash received from sales and services for the first nine months was ¥2,531,821,630.92, a 37.30% increase year-on-year[10] - The company experienced a significant increase in prepayments, which rose by 137.24% to ¥224,918,367.87, indicating a rise in orders on hand[9] - Other payables surged by 1084.20% to ¥102,517,711.89, primarily due to an increase in dividends payable[9] - Accounts receivable decreased to ¥474,576,805.73 from ¥521,406,165.45, a decline of about 8.9%[15] - The company reported a decrease in other comprehensive income, with a net amount of -¥2,064,035.11 compared to -¥2,512,693.66 in the previous period[20] Investment Activities - Total cash inflow from investment activities was ¥1,080,044,424.63, compared to ¥810,106,074.50, representing a significant increase of about 33.2%[23] - Cash outflow from investment activities totaled ¥1,073,967,075.35, up from ¥740,700,223.99, indicating a rise of approximately 45%[23] - The company received ¥1,077,695,409.65 in cash related to investment activities, which is an increase from ¥803,740,972.47, showing a growth of about 34%[23] - The company’s cash flow from investment activities netted ¥6,077,349.28, a decrease from ¥69,405,850.51 in the previous period[23]

Market Overview - On October 27, the motorcycle and other sectors rose by 0.32% compared to the previous trading day, with Xinri Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Key Performers - Xinri Co., Ltd. (603787) closed at 13.95, with a significant increase of 10.02% and a trading volume of 112,700 shares, amounting to a transaction value of 156 million yuan [1] - Zhenghe Industrial (003033) also saw a rise of 10.00%, closing at 78.66 with a trading volume of 12,400 shares [1] - Jiuyi Co., Ltd. (300994) increased by 7.58%, closing at 19.58 with a trading volume of 129,900 shares [1] Decliners - Qianjiang Motorcycle (000913) experienced a decline of 3.52%, closing at 16.18 with a trading volume of 134,700 shares and a transaction value of 219 million yuan [2] - Ninebot Company (689009) fell by 3.39%, closing at 63.25 with a trading volume of 330,200 shares [2] - Aima Technology (603529) decreased by 1.90%, closing at 32.55 with a trading volume of 138,000 shares [2] Capital Flow - The motorcycle and other sectors saw a net outflow of 167 million yuan from main funds, while retail funds had a net inflow of 79.27 million yuan [2] - The main funds' net inflow and outflow for key stocks showed varied trends, with Xinri Co., Ltd. experiencing a net outflow of 50.56 million yuan from main funds [3] - Zhenghe Industrial had a net inflow of 26.49 million yuan from main funds, indicating strong interest [3]

Core Viewpoint - Jiuqi Co., Ltd. has seen a significant increase in stock price and trading volume, indicating positive market sentiment and potential growth opportunities in the bicycle and related products sector [1][2]. Company Overview - Jiuqi Co., Ltd. is based in Hangzhou, Zhejiang Province, and was established on October 6, 2000. It was listed on August 12, 2021. The company specializes in the design, research and development, production, and sales of bicycles and related products [6]. - The company's main business revenue composition includes: parts (32.36%), other products (22.04%), adult bicycles (17.86%), children's bicycles (16.86%), electric bicycles (10.42%), motorcycles (0.32%), and others (0.14%) [6]. Financial Performance - For the first half of 2025, Jiuqi Co., Ltd. achieved a revenue of 1.499 billion yuan, representing a year-on-year growth of 39.22%. The net profit attributable to shareholders was 87.0976 million yuan, with a year-on-year increase of 55.42% [6]. - The company has distributed a total of 493 million yuan in dividends since its A-share listing, with 291 million yuan distributed over the past three years [7]. Market Position and Product Offering - Jiuqi Co., Ltd. is one of the major bicycle exporters in China, offering a wide range of bicycle products, including full-size and multi-series bicycles, and related products. The company has a strong design and development capability, providing a "one-stop" service for customers [2]. - The company’s online sales platforms include Amazon, Lazada, AliExpress, and Walmart, indicating a robust presence in the cross-border e-commerce sector [2]. Industry Trends - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 96.44% of total revenue as of the 2024 annual report [2]. - Jiuqi Co., Ltd. operates within several concept sectors, including the multi-child concept, sports industry, bicycle concept, cross-border e-commerce, and small-cap stocks [6].

Group 1 - New stock Danaher Bio will be available for subscription today with a subscription code of 920009 and an issue price of 17.1 yuan [1] - The China Solid-State Battery Conference will be held from October 22-24 in Hefei, with participation from companies like CATL, Weilan New Energy, and Guoxuan High-Tech [1] - The 2025 Greater Bay Area International Embodied Intelligent Robot Industry Conference and Exhibition will also take place from October 22-24 [1] Group 2 - Tesla and IBM are scheduled to release their financial reports after the US market closes on October 22 [1] - Ten listed companies will experience stock unlocks, with Ousheng Electric unlocking 188.63 million shares (73.99% of total shares) and Saiwei Microelectronics unlocking 26.16 million shares (30.37% of total shares) [1][1] - Several companies have announced dividend distributions, with notable payouts including Xinjie Electric (10 shares for 5.90 yuan) and Jiuqi Co. (10 shares for 4.00 yuan) [1] Group 3 - Hupu Co. is implementing a share issuance plan, with a scale of 65.99 million shares and raising funds of 415.14 million yuan at an issuance price of 6.39 yuan, with the listing date set for October 22, 2025 [1]

Core Viewpoint - The article highlights the dividend distribution plans of several A-share companies, indicating a trend of significant cash returns to shareholders. Group 1: Dividend Distribution - 26 A-share companies are undergoing stock rights registration today [1] - Xinjie Electric, Jiuqi Co., and Changjiu Logistics have the highest dividend payouts, distributing 5.90 yuan, 4.00 yuan, and 3.10 yuan per 10 shares respectively [1] - Three additional companies have announced dividend plans, with Industrial Fulian, Yanjing Beer, and Tailong Co. proposing payouts of 3.3 yuan, 1.0 yuan, and 0.2 yuan per 10 shares respectively [1]

Core Insights - The company, Jiuqi Co., Ltd. (stock code: 300994), reported that as of October 10, 2025, the total number of shareholders is 12,921 [1] Summary by Category - **Company Information** - Jiuqi Co., Ltd. has a total of 12,921 shareholders as of the specified date [1]

Market Overview - On October 20, the motorcycle and other sectors rose by 0.02% compared to the previous trading day, with Xinlong Health leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Key stocks in the motorcycle and other sectors showed the following performance: - Xinlong Health (002105) closed at 6.73, up 2.91% with a trading volume of 66,400 shares and a turnover of 44.37 million yuan - Chunfeng Power (603129) closed at 239.85, up 2.90% with a trading volume of 25,800 shares and a turnover of 614 million yuan - Linhai Co. (6600099) closed at 10.63, up 2.31% with a trading volume of 28,000 shares and a turnover of 29.58 million yuan [1] Capital Flow - The motorcycle and other sectors experienced a net outflow of 125 million yuan from main funds, while retail investors saw a net inflow of 105 million yuan [2] - The following stocks had notable capital flows: - Nine Company (6006899) had a main fund net inflow of 42.71 million yuan, while retail saw a net outflow of 14.15 million yuan - Qianjiang Motorcycle (000913) had a main fund net inflow of 5.53 million yuan, with retail experiencing a net outflow of 5.28 million yuan [3]

Core Viewpoint - The motorcycle and other sectors experienced a significant decline, with a drop of 3.68% on October 17, led by Chuncheng Power [1] Market Performance - The Shanghai Composite Index closed at 3839.76, down 1.95% - The Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Chuncheng Power (603129) closed at 233.09, down 6.75% with a trading volume of 40,100 shares and a transaction value of 9.55 billion - Zhenghe Industrial (003033) closed at 73.75, down 6.22% with a trading volume of 44,700 shares and a transaction value of 335 million - Qianjiang Motorcycle (000913) closed at 16.56, down 5.26% with a trading volume of 119,500 shares and a transaction value of 202 million - Qianli Technology (601777) closed at 11.39, down 4.85% with a trading volume of 539,100 shares and a transaction value of 622 million - Lvtong Technology (301322) closed at 29.18, down 4.83% with a trading volume of 23,800 shares and a transaction value of 71.04 million - Taotao Vehicle (301345) closed at 237.81, down 3.72% with a trading volume of 15,500 shares and a transaction value of 376 million - Yong'an Xing (603776) closed at 19.22, down 3.22% with a trading volume of 38,100 shares and a transaction value of 74.48 million - Ninebot Company (60006899) closed at 62.87, down 2.32% with a trading volume of 131,800 shares and a transaction value of 8.46 billion - Jiuqi Co., Ltd. (300994) closed at 17.83, down 2.25% with a trading volume of 32,300 shares and a transaction value of 58.66 million - Yuanma Technology (603529) closed at 32.72, down 1.71% with a trading volume of 53,400 shares and a transaction value of 176 million [1] Capital Flow - The motorcycle and other sectors saw a net outflow of 163 million from main funds, while retail funds experienced a net inflow of 99.93 million and speculative funds saw a net inflow of 62.57 million [1]

Investment Rating - The report maintains a positive outlook on the light industry and paper sector for Q3 2025, indicating a favorable investment rating [1]. Core Insights - The globalization of supply chains is accelerating changes in the packaging landscape, with leading companies increasing their market share and improving profitability [2]. - Q3 2025 is expected to see a divergence in performance among companies, influenced by supply chain advantages and growth potential [2]. - The report highlights specific companies with projected revenue and profit growth, indicating a robust performance in certain segments despite challenges in others [5][6]. Summary by Sections Packaging and Printing - Companies like Yutong Technology and Baosteel Packaging are expected to see slight revenue growth, while others like Meiyingsen may face revenue pressure but maintain profit growth [2][3]. - The overall packaging sector is benefiting from the global supply chain shift, with many companies reporting stable or improving profit margins [2][3]. Export Sector - Companies such as Jiangxin Home and Qianjiang Motorcycle are projected to experience significant revenue growth, with estimates of over 30% for Q3 2025 [6][7]. - The report notes that the export sector is showing resilience, with several companies adapting well to changing market conditions [6][7]. Two-Wheel and Motorcycle Sector - Companies like Aima Technology and Spring Wind Power are expected to report revenue growth of over 10% in Q3 2025, driven by seasonal demand and market adjustments [10][11]. - The sector is experiencing a mix of growth and challenges, with some companies facing declines due to regulatory changes [10][11]. Home Furnishing Sector - The report indicates that companies like Oppein Home and Kuka Home are facing revenue declines, while others like Joy Home are expected to show resilience with slight growth [12][14]. - The home furnishing market is under pressure from policy changes, but some segments are performing better than others [12][14]. Light Consumer Goods - Companies such as Dongkang Oral and Jeya are projected to see significant revenue and profit growth, with estimates indicating over 60% growth for Jeya in Q3 2025 [13][16]. - The light consumer goods sector is showing a positive trend, with several companies benefiting from strong demand and effective marketing strategies [13][16]. Paper Industry - The report anticipates a mixed performance in the paper sector, with some companies like Sun Paper expected to see profit declines due to price pressures, while others may experience stability [18][19]. - The paper industry is facing challenges from raw material price fluctuations, but certain segments are expected to maintain profitability [18][19].