格隆汇10月27日丨可靠股份(301009.SZ)发布公告，2025年前三季度，实现营业收入8.29亿元，同比增加 5.12%；归属于上市公司股东的净利润2798.44万元，同比增加26.79%；归属于上市公司股东的扣除非经 常性损益的净利润2321.83万元，同比增加37.81%；基本每股收益0.105元。 ...

Core Viewpoint - The aging population trend is increasingly prominent, and the focus is on how to ensure a dignified and comfortable life for the elderly. Reliable Co., Ltd. has reported a positive financial performance, indicating its strong capabilities in production, sales, and innovation in the silver economy sector [1][4]. Financial Performance - In the first three quarters of 2025, Reliable Co., Ltd. achieved a total revenue of 829 million yuan, a year-on-year increase of 5.12%. The net profit attributable to shareholders was 27.98 million yuan, up 26.79% year-on-year. Operating cash flow saw a significant increase of 136.29%, reaching 89.72 million yuan [1]. Product Innovation - Reliable Co., Ltd. has developed a new adult diaper product designed to reduce the frequency of changes at night and significantly lower the risk of bedsores. This product is based on in-depth research into the physiological characteristics of the elderly, achieving breakthroughs in absorption, moisture retention, dryness, and leak prevention [1]. - The company has also launched the "Cloud Soft Instant Absorption" series, which optimizes skin-friendliness, absorption speed, and breathability, catering to the needs of sensitive skin [2]. - Recent innovations include the "Cranberry Probiotic Absorbent Towel" and the upgraded "Absorption Treasure 2.0," which combine functional materials with care technology to address users' health and comfort needs [2]. Market Position and Channel Strategy - Reliable Co., Ltd. has established a comprehensive online and offline channel coverage, achieving good sales performance. The company operates official flagship stores on major e-commerce platforms and actively explores new sales channels such as live streaming and community group buying [3]. - The brand has consistently ranked first in market share in the adult incontinence sector in China, reflecting its strong brand effect and market presence [3]. Industry Outlook - According to the National Bureau of Statistics, the population aged 60 and above in China has exceeded 310 million, accounting for 22% of the total population, marking the entry into a moderately aging society. The adult incontinence products market is expected to exceed 16.8 billion yuan by 2031, indicating a significant growth opportunity in the silver economy [4]. - With robust R&D capabilities, precise user insights, and a comprehensive channel strategy, Reliable Co., Ltd. is well-positioned to lead industry trends and provide reliable health care solutions for more families in China [4].

Group 1 - The core point of the article is that Reliable Co., Ltd. (SZ 301009) held a temporary board meeting on October 24, 2025, to review the proposal for the Q3 2025 report [1] - The company's revenue composition for the year 2024 is entirely from the paper products industry, accounting for 100.0% [1] - As of the report, Reliable Co., Ltd. has a market capitalization of 3.8 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Reliable Co., which reported a revenue increase and a significant rise in net profit for the third quarter of 2025 [1] - Reliable Co. achieved approximately 829 million yuan in revenue for the first three quarters of 2025, representing a year-on-year increase of 5.12% [1] - The net profit attributable to shareholders of the listed company was approximately 27.98 million yuan, reflecting a year-on-year increase of 26.79% [1] Group 2 - As of the report, Reliable Co. has a market capitalization of 3.8 billion yuan [2]

一、董事鲍佳女士《关于<2025 年第三季度报告>的议案》的反对理由及公 司说明 杭州可靠护理用品股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召开第五届董事会第十二次（临时）会议，董事鲍佳女士、独立董事景乃权先 生对《关于<2025 年第三季度报告>的议案》分别投反对、弃权票，并出具了相 关理由，现将相关事项说明如下： 董事长兼总经理金利伟不顾反对强行主导的代售杜迪品牌婴儿纸尿裤产品 业务继 2024 年度亏损后，2025 年 1-6 月亏损，2025 年 7-9 月亏损。 杭州可靠护理用品股份有限公司 关于部分董事对定期报告有异议的说明 1、原经营决策的重大失职 二、独立董事景乃权先生《关于<2025 年第三季度报告>的议案》的弃权理 由及公司说明 1、审计委员会调查事项真实性有待确认。 公司说明： 鲍佳董事本意见所指代售杜迪业务事项，已于 2024 年 4 月 26 日召开的第五 届董事会独立董事第一次专门委员会会议审议通过后，提交至公司第五届董事会 第三次会议审议通过，公司代售杜迪业务已经过独立董事审议通过，并经过董事 会集体决策，符合公司的治理制度规定。 该业务是基于扩大渠道协 ...

证券代码：301009 证券简称：可靠股份 公告编号：2025-041 杭州可靠护理用品股份有限公司 关于计提资产减值准备及确认其他权益工具投资公允 价值变动的公告 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。 杭州可靠护理用品股份有限公司（以下简称"公司"）根据《深圳证券交易 所创业板股票上市规则》《企业会计准则》等相关规定，将计提资产减值准备及 确认其他权益工具投资公允价值变动的具体情况公告如下： 一、计提资产减值准备及确认其他权益工具投资公允价值变动情况的概述 为真实反映公司财务状况和经营成果，根据《企业会计准则》及相关会计政 策等规定，公司对合并范围内截至 2025 年 9 月 30 日的各类资产进行全面清查， 并进行充分的评估和分析。基于谨慎性原则，经资产减值测试，公司认为部分资 产存在一定的减值迹象，对存在减值迹象的相关资产计提信用减值准备及资产减 值准备；同时依据公允价值计量要求对其他权益工具投资实施价值重估程序。 经公司及子公司对截至 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，计提信用减值准备及资 ...

一、监事会会议召开情况 杭州可靠护理用品股份有限公司（以下简称"公司"）第五届监事会第十一 次（临时）会议于 2025 年 10 月 24 日在杭州市余杭区向往街 1118 号英国中心 T6-28 层公司会议室以现场及网络会议相结合的方式召开。会议通知已于 2025 年 10 月 20 日以电话及电子邮件等方式送达各位监事。本次会议应出席监事 3 人，实际出席监事 3 人（其中监事张雅冬女士以网络方式在线参会并审议表决）。 会议由监事会主席任绍楠先生主持，会议召开符合有关法律、法规、规章和《公 司章程》的规定。 二、监事会会议审议情况 1、审议通过《关于<2025 年第三季度报告>的议案》 证券代码：301009 证券简称：可靠股份 公告编号：2025-039 杭州可靠护理用品股份有限公司 第五届监事会第十一次（临时）会议决议公告 本公司及监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。 2025 年 10 月 28 日 1 经审议，监事会认为：公司《2025 年第三季度报告》的编制和审核程序符 合法律、行政法规和中国证监会的有关规定，报告内容真实、准确、完整地反映 了 ...

证券代码：301009 证券简称：可靠股份 公告编号：2025-038 杭州可靠护理用品股份有限公司 第五届董事会第十二次（临时）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。 二、董事会会议审议情况 1、审议通过《关于<2025 年第三季度报告>的议案》 《2025 年第三季度报告》具体内容详见公司同日披露在巨潮资讯网 （www.cninfo.com.cn）的相关公告。 本议案中的财务报告部分已经公司董事会审计委员会审议通过。 一、董事会会议召开情况 杭州可靠护理用品股份有限公司（以下简称"公司"）第五届董事会第十二 次（临时）会议于 2025 年 10 月 24 日在杭州市余杭区向往街 1118 号英国中心 T6-28 层公司会议室以现场及网络会议相结合的方式召开，会议通知已于 2025 年 10 月 20 日以电话及电子邮件等方式送达各位董事。本次会议应出席董事 7 人，实际出席董事 7 人（其中董事鲍佳女士、独立董事寿泓先生、独立董事肖炜 麟先生、独立董事景乃权先生以网络方式在线参会并审议表决），会议由董事长 金利伟先生主持，公司部分监事 ...

Financial Performance - The company's revenue for Q3 2025 was ¥280,534,838.99, representing a 4.59% increase year-over-year[5] - The net profit attributable to shareholders was -¥294,219.26, a decrease of 74.28% compared to the same period last year[5] - Total operating revenue for the current period reached ¥829,490,834.92, an increase of 5.4% compared to ¥789,105,083.96 in the previous period[26] - Net profit for the current period was ¥28,234,763.27, representing a 28.9% increase from ¥21,976,779.79 in the previous period[27] - The company's operating profit rose to ¥31,128,547.29, compared to ¥22,741,285.66, marking a significant increase of 37.5%[27] - The total comprehensive income attributable to the parent company was CNY 18,085,556.74, compared to CNY 22,073,000.56 in the previous period, reflecting a decrease of approximately 18%[28] - The total comprehensive income for the period was CNY 18,236,918.45, down from CNY 21,978,737.39 in the previous period, reflecting a decrease of approximately 17%[28] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was ¥89,716,017.68, showing a significant increase of 136.29%[13] - The company reported a cash balance of ¥728,613,271.18 as of September 30, 2025, an increase from ¥613,695,304.72 at the beginning of the period, reflecting a growth of approximately 18.7%[21] - The total cash and cash equivalents at the end of the period reached CNY 712,929,871.81, compared to CNY 531,134,102.01 in the previous period, indicating an increase of approximately 34%[31] - Cash inflows from operating activities totaled CNY 979,904,796.40, compared to CNY 927,738,782.40 in the previous period, showing an increase of approximately 6%[30] - The net cash flow from operating activities increased to CNY 89,716,017.68, up from CNY 37,968,489.31, representing a growth of about 136%[30] - The net cash flow from investing activities was negative at CNY -32,375,553.85, an improvement from CNY -247,698,015.22 in the previous period[30] - The total cash outflow from financing activities was CNY 172,510,859.36, compared to CNY 53,614,705.32 in the previous period, indicating a rise of approximately 221%[30] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,150,851,067.60, reflecting a 2.93% increase from the end of the previous year[6] - Current liabilities totaled ¥691,734,484.93, an increase from ¥627,671,696.85, which is a rise of 10.2%[24] - Non-current liabilities decreased slightly to ¥47,496,944.24 from ¥50,386,438.76, a decline of 5.7%[24] - The company's equity attributable to shareholders decreased slightly by 0.04% to ¥1,333,510,388.01[6] - The total equity attributable to shareholders of the parent company was ¥1,333,510,388.01, a slight decrease from ¥1,334,074,525.27[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,604[15] - The top ten unrestricted shareholders include major stakeholders such as Jin Liwei, holding 20,477,321 shares, and Bao Jia, holding 19,797,671 shares[16] - The company has a repurchase account holding 5,435,800 shares, representing 2.00% of total shares[16] - A total of 2,664,200 shares were sold by specific shareholders from August 25 to August 29, 2025, accounting for 0.98% of the company's total share capital[20] - The company plans to reduce shares held by specific shareholders, with a maximum of 4,231,250 shares to be sold by one shareholder during the three-month period starting August 15, 2025[19] Investment and Expenses - The company reported a 959.95% increase in investment income, totaling ¥8,367,737.67 year-to-date[12] - The company reported an investment income of ¥8,367,737.67, compared to a loss of ¥973,044.01 in the previous period, indicating a significant turnaround[27] - Research and development expenses increased to ¥35,129,430.65, up from ¥32,856,479.39, indicating a growth of 6.9%[27] - The company experienced a 25.22% increase in taxes and surcharges, totaling ¥6,546,362.88 year-to-date[12] Accounts Receivable and Payable - Accounts receivable decreased to ¥177,645,177.51 from ¥202,398,244.10, representing a decline of approximately 12.2%[21] - The company’s accounts receivable financing increased to ¥20,526,279.27 from ¥16,353,004.10, showing a growth of approximately 25.9%[21] - The company’s prepayments rose to ¥28,694,630.14 from ¥26,009,895.98, reflecting an increase of about 10.3%[21] Borrowings - Short-term borrowings increased by 99.53% to ¥199,782,888.45, primarily due to an increase in bill discounting[11]

Core Insights - The company reported third-quarter revenue of 281 million, representing a year-on-year increase of 4.59% [1] - The net profit for the third quarter was a loss of 294,200, a decline of 74.28% [1] - For the first three quarters, the company achieved revenue of 829 million, reflecting a year-on-year growth of 5.12% [1] - The net profit for the first three quarters was 27.98 million, showing a year-on-year increase of 26.79% [1]