3、公司持股5%以上股东苏翠霞女士持有公司股份13,711,000股（占公司总股本比例为5.15%）。苏翠霞 女士计划在本减持计划公告之日起十五个交易日后的三个月内（即2025年11月25日至2026年2月24日） 以集中竞价、大宗交易的方式减持公司股份不超过2,765,000股（不超过公司总股本比例的1.04%）。 4、公司高级管理人员陈军先生持有公司股份90,200股（占公司总股本比例为0.03%）。陈军先生计划在 本减持计划公告之日起十五个交易日后的三个月内（即2025年11月25日至2026年2月24日）以集中竞价 的方式减持公司股份不超过22,500股（不超过公司总股本比例的0.01%）。 格隆汇11月3日丨申菱环境(301018.SZ)公布，1、广东申菱环境系统股份有限公司实际控制人之一致行 动人、持股5%以上股东广东申菱投资有限公司（简称"申菱投资"）持有公司股份34,984,500股（占公司 总股本比例为13.15%）。申菱投资计划在本减持计划公告之日起十五个交易日后的三个月内（即2025 年11月25日至2026年2月24日）以大宗交易的方式减持公司股份不超过3,200,000股（不超过公司 ...

3、公司持股5%以上股东苏翠霞女士持有公司股份13,711,000股（占公司总股本比例为5.15%）。苏翠霞 女士计划在本减持计划公告之日起十五个交易日后的三个月内（即2025年11月25日至2026年2月24日） 以集中竞价、大宗交易的方式减持公司股份不超过2,765,000股（不超过公司总股本比例的1.04%）。 格隆汇11月3日丨申菱环境(301018.SZ)公布，1、广东申菱环境系统股份有限公司实际控制人之一致行 动人、持股5%以上股东广东申菱投资有限公司（简称"申菱投资"）持有公司股份34,984,500股（占公司 总股本比例为13.15%）。申菱投资计划在本减持计划公告之日起十五个交易日后的三个月内（即2025 年11月25日至2026年2月24日）以大宗交易的方式减持公司股份不超过3,200,000股（不超过公司总股本 比例的1.20%）。 4、公司高级管理人员陈军先生持有公司股份90,200股（占公司总股本比例为0.03%）。陈军先生计划在 本减持计划公告之日起十五个交易日后的三个月内（即2025年11月25日至2026年2月24日）以集中竞价 的方式减持公司股份不超过22,500股（不超过公 ...

公司持股5%以上股东苏翠霞女士持有公司股份约1371万股（占公司总股本比例为5.15%）。苏翠霞女士 计划在本减持计划公告之日起十五个交易日后的三个月内以集中竞价、大宗交易的方式减持公司股份不 超过约276万股。 每经AI快讯，申菱环境（SZ 301018，收盘价：56.39元）11月3日晚间发布公告称，公司于近日收到实 际控制人之一致行动人申菱投资、持股5%以上股东谭炳文先生、苏翠霞女士以及高级管理人员陈军先 生分别出具的《关于公司股份减持计划的告知函》。 广东申菱环境系统股份有限公司实际控制人之一致行动人、持股5%以上股东广东申菱投资有限公司持 有公司股份约3498万股（占公司总股本比例为13.15%）。申菱投资计划在本减持计划公告之日起十五 个交易日后的三个月内以大宗交易的方式减持公司股份不超过320万股。 公司持股5%以上股东、董事谭炳文先生持有公司股份2908万股（占公司总股本比例为10.93%）。谭炳 文先生计划在本减持计划公告之日起十五个交易日后的三个月内以集中竞价的方式减持公司股份不超过 266万股。 截至发稿，申菱环境市值为150亿元。 每经头条（nbdtoutiao）——"为了孩子吃上饭， ...

Core Viewpoint - The company announced that its concerted action party, Shenling Investment, holds 34.9845 million shares, accounting for 13.15%, and plans to reduce its holdings by up to 3.2 million shares, representing 1.20%, through block trading between November 25, 2025, and February 24, 2026 [1] Shareholder Reduction Plans - Major shareholders Tan Bingwen and Su Cuixia hold 29.08 million shares (10.93%) and 13.711 million shares (5.15%) respectively, and plan to reduce their holdings by up to 2.66 million shares and 2.765 million shares through centralized bidding and block trading during the same period, representing 1.00% and 1.04% respectively [1] - Vice General Manager Chen Jun holds 90,200 shares (0.03%) and intends to reduce his holdings by up to 22,500 shares, accounting for 0.01%, through centralized bidding during the same timeframe [1]

证券代码：301018 证券简称：申菱环境 公告编号：2025-044 广东申菱环境系统股份有限公司 关于实际控制人之一致行动人、持股 5%以上股东及 高级管理人员股份减持计划的预披露公告 公司实际控制人之一致行动人广东申菱投资有限公司、持股5%以上股东谭炳 文先生、苏翠霞女士及公司高级管理人员陈军先生保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 4、公司高级管理人员陈军先生持有公司股份 90,200 股（占公司总股本比例 为 0.03%）。陈军先生计划在本减持计划公告之日起十五个交易日后的三个月内 （即 2025 年 11 月 25 日至 2026 年 2 月 24 日）以集中竞价的方式减持公司股份 不超过 22,500 股（不超过公司总股本比例的 0.01%）。 公司于近日收到实际控制人之一致行动人申菱投资、持股 5%以上股东谭炳 文先生、苏翠霞女士以及高级管理人员陈军先生分别出具的《关于公司股份减持 计划的告知函》，现将相关情况公告如下： 二、本次减持计划的主要内容 1、减持原因：申菱投资、谭炳文先生、苏翠霞女士以及陈军先生的自身资 金安排。 2、股份来源：申菱投资 ...

Core Viewpoint - Shunling Environment is a leading air environment regulation equipment company in China, focusing on specialized air conditioning and providing comprehensive solutions for various application scenarios [1] Group 1: Business Performance - In Q3 2025, Shunling Environment achieved a revenue of 2.508 billion yuan, ranking 3rd in the industry, surpassing the industry average of 1.625 billion yuan and the median of 1.237 billion yuan [2] - The main business composition includes equipment revenue of 1.395 billion yuan (82.94%), solutions and services revenue of 281 million yuan (16.68%), and other revenue of 6.38 million yuan (0.38%) [2] - The net profit for the same period was 154 million yuan, ranking 6th in the industry, above the industry average of 144 million yuan and the median of 93.47 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Shunling Environment was 54.52%, higher than the previous year's 50.49% and the industry average of 36.25% [3] - The gross profit margin for Q3 2025 was 23.16%, down from 26.37% in the previous year and below the industry average of 24.91% [3] Group 3: Executive Compensation - The chairman, Cui Yingqi, received a salary of 600,600 yuan in 2024, an increase of 125,000 yuan from 2023 [4] - The general manager, Pan Zhanhua, earned 1.2759 million yuan in 2024, up by 609,900 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 25.41% to 27,800 [5] - The average number of circulating A-shares held per shareholder decreased by 20.76% to 7,107.42 [5] Group 5: Growth Prospects - Guojin Securities forecasts that Shunling Environment's data service segment will see revenues of 2.7 billion, 4.6 billion, and 6.4 billion yuan from 2025 to 2027, with year-on-year growth rates of 77%, 67%, and 39% respectively [6] - Zhongyin International Securities anticipates revenues of 4.042 billion, 5.004 billion, and 5.808 billion yuan for the same period, with net profits of 262 million, 353 million, and 425 million yuan [7] - The company has a leading position in the liquid cooling technology market for data centers, with significant order growth in 2025 [7]

Market Overview - The general equipment sector experienced a decline of 1.09% on October 30, with Shenling Environment leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Top Gainers - Wald (688028) saw a significant increase of 19.64%, closing at 53.80 [1] - Puyuan Precision (688337) rose by 14.16%, closing at 47.65 [1] - Landun Optoelectronics (300862) increased by 14.15%, closing at 25.57 [1] - Hexin Instruments (688622) gained 11.91%, closing at 147.01 [1] - Huadong CNC (002248) rose by 10.01%, closing at 12.64 [1] Top Losers - Shenling Environment (301018) fell by 12.91%, closing at 57.13 [2] - Caiqi Technology (301360) decreased by 11.68%, closing at 77.71 [2] - Seagull Co., Ltd. (603269) dropped by 9.98%, closing at 12.45 [2] - Rongyi Precision (920223) declined by 8.38%, closing at 20.66 [2] - Tiangang Co., Ltd. (920651) fell by 7.04%, closing at 50.57 [2] Capital Flow - The general equipment sector saw a net outflow of 1.815 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.555 billion yuan [2][3] - The top stocks by net inflow from retail investors included Huadong CNC (002248) with a net inflow of 2.06 billion yuan [3] - Wald (688028) experienced a net outflow of 673.862 million yuan from retail investors [3]

Company Summary - Shenling Environment (301018.SZ) experienced a significant decline of 11.23%, reaching a new low of 58.63 yuan, with a total market capitalization of 1.5 billion yuan [1] - For the first three quarters of 2025, the company reported a year-on-year revenue growth of 26.84% and a net profit increase of 5.05%, indicating a steady business expansion [1] - However, the net profit turned negative in the third quarter, suggesting that cost control or seasonal factors may impact short-term performance [1] - Long-term focus is needed on whether revenue growth can consistently translate into profit and the status of cash flow [1] Industry Summary - The "14th Five-Year Plan" suggests the release of favorable policies for environmental protection and high-end equipment, which may benefit the sector where Shenling Environment operates [1]

Core Insights - The company reported a total revenue of 2.508 billion yuan for Q3 2025, with a net profit attributable to shareholders of 150 million yuan [1] - The net cash flow from operating activities was -4.7733 million yuan, ranking 141st among disclosed peers, representing a decrease of 59.7089 million yuan year-on-year, a decline of 108.69% [1] Financial Performance - The latest asset-liability ratio stands at 54.52%, ranking 173rd among peers, an increase of 4.03 percentage points compared to the same period last year [3] - The latest gross profit margin is 23.16%, ranking 146th among peers, down 1.25 percentage points from the previous quarter and down 3.20 percentage points year-on-year [3] - The latest return on equity (ROE) is 5.66% [3] - The diluted earnings per share (EPS) is 0.56 yuan [3] - The total asset turnover ratio is 0.45 times, and the inventory turnover ratio is 2.00 times [3] Shareholder Structure - The number of shareholders is 27,800, with the top ten shareholders holding 179 million shares, accounting for 67.46% of the total share capital [3] - The top shareholders include: 1. Cui Yingqi - 20.71% 2. Guangdong Shenling Investment Co., Ltd. - 13.1% 3. Tan Bingwen - 10.9% 4. Ling Shui Xinzhong Cheng Venture Capital Partnership (Limited Partnership) - 6.21% 5. Su Cuixia - 5.15% 6. Ling Shui Xinzhong Xian Venture Capital Partnership (Limited Partnership) - 4.80% 7. Jiangsu Bank Co., Ltd. - 2.49% 8. Ou Zhaoming - 1.87% 9. Shanghai Pudong Development Bank Co., Ltd. - 1.25% 10. Industrial Bank Co., Ltd. - 0.89% [3]

Group 1 - The company, Shenling Environment, reported a revenue of approximately 2.508 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 26.84% [1] - The net profit attributable to shareholders of the listed company was about 150 million yuan, reflecting a year-on-year growth of 5.05% [1] - The basic earnings per share reached 0.56 yuan, which is a year-on-year increase of 3.7% [1]