Core Viewpoint - Haotong Technology is a leading domestic precious metal recycling company with strong technical capabilities and a full industry chain advantage, focusing on precious metal recycling and related products [1] Group 1: Business Performance - In Q3 2025, Haotong Technology reported revenue of 2.385 billion yuan, ranking 7th in the industry [2] - The company's net profit for the same period was 119 million yuan, placing it 8th in the industry [2] - The main business composition includes trade at 933 million yuan (69.27%), precious metal recycling at 392 million yuan (29.12%), new materials at 18.34 million yuan (1.36%), and others at 3.30 million yuan (0.24%) [2] Group 2: Financial Ratios - As of Q3 2025, Haotong Technology's debt-to-asset ratio was 63.41%, up from 45.26% year-on-year, exceeding the industry average of 44.55% [3] - The gross profit margin for Q3 2025 was 7.84%, an increase from 6.17% year-on-year, but still below the industry average of 20.16% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.50% to 13,400 [5] - The average number of circulating A-shares held per shareholder decreased by 6.13% to 8,314.76 [5] - Notable changes among the top ten circulating shareholders include a decrease in holdings for Guangfa Ruiyi Leading Mixed A and a new entry from Guangfa Value Leading Mixed A [5] Group 4: Executive Compensation - The chairman and general manager, Xia Jun, received a salary of 324,900 yuan in 2024, unchanged from 2023 [4]

Core Insights - On October 29, Haotong Technology executed a block trade of 209,000 shares, amounting to 4.4475 million yuan, which represented 5.11% of the total trading volume for the day. The transaction price was 21.28 yuan, reflecting a discount of 21.56% compared to the market closing price of 27.13 yuan [1][2]. Trading Details - **Transaction Date**: October 29, 2025 - **Stock Code**: 301026 - **Stock Name**: Haotong Technology - **Transaction Price**: 21.28 yuan - **Transaction Volume**: 20.9 thousand shares - **Transaction Amount**: 4.4475 million yuan - **Buyer Brokerage**: Everbright Securities Co., Ltd., Shanghai Huaihai Middle Road Securities Business Department - **Seller Brokerage**: CITIC Securities Co., Ltd., Xuzhou Jianguo West Road Securities Business Department [2].

证券代码：301026 证券简称：浩通科技 公告编号：2025-054 徐州浩通新材料科技股份有限公司 二、其他相关说明 1、本次权益变动符合《中华人民共和国证券法》《深圳证券交易所创业板股票上 市规则》《深圳证券交易所上市公司自律监管指引第18号——股东及董事、高级管理 人员减持股份》等有关法律法规和规范性文件的规定。 2、本次权益变动不会导致公司控制权发生变化，不会对公司的治理结构及持续性 经营产生重大影响。 控股股东、实际控制人及其一致行动人权益变动触及1% 整数倍的提示性公告 夏军先生及徐州博通企业管理合伙企业（有限合伙）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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 徐州浩通新材料科技股份有限公司（以下简称"公司"）于2025年8月28日披露了 《控股股东、实际控制人及特定股东减持股份预披露公告》（公告编号：2025-041）， 公司控股股东、实际控制人夏军先生及其一致行动人徐州博通企业管理合伙企业（有 限合伙）（以下简称"博通"，合称"信息披露义务人"）计划自公告披露之日起15 个交易日后的3个 ...

Core Insights - Haotong Technology (301026) reported a revenue of 1.038 billion yuan for Q3 2025, representing a year-on-year growth of 60.53% [1] - The company achieved a net profit of 33.01 million yuan in Q3 2025, reflecting a year-on-year increase of 49.06% [1] Financial Performance - Q3 2025 revenue: 1.038 billion yuan, up 60.53% year-on-year [1] - Q3 2025 net profit: 33.01 million yuan, up 49.06% year-on-year [1]

Core Viewpoint - Haotong Technology (301026.SZ) reported a slight increase in revenue and a significant rise in net profit for the first three quarters of the year, indicating stable performance amidst market conditions [1] Financial Performance - The company's operating revenue for the first three quarters reached 2.38 billion yuan, reflecting a year-on-year growth of 0.36% [1] - The net profit attributable to shareholders was 117 million yuan, showing an 18.31% increase compared to the previous year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 106 million yuan, which represents a year-on-year growth of 19.49% [1]

Core Insights - Haotong Technology (301026.SZ) reported a revenue of 2.385 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 0.36% [1] - The net profit attributable to shareholders of the listed company reached 117 million yuan, marking an 18.31% increase year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 106 million yuan, which represents a year-on-year growth of 19.49% [1] - The basic earnings per share stood at 0.7425 yuan [1]

徐州浩通新材料科技股份有限公司 2025年第三季度报告披露提示性公告 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。 证券代码：301026 证券简称：浩通科技 公告编号：2025-052 徐州浩通新材料科技股份有限公司2025年第三季度报告将于2025年10月21日在巨 潮资讯网（www.cninfo.com.cn）上披露，敬请投资者注意查阅。 特此公告 徐州浩通新材料科技股份有限公司董事会 2025年10月21日 ...

Group 1 - The core point of the article is that Haotong Technology reported significant growth in its third-quarter revenue and net profit, indicating strong performance in the market [1] Group 2 - In the third quarter, the company's revenue reached 1.038 billion yuan, representing a year-on-year increase of 60.53% [1] - The net profit for the third quarter was 33.01 million yuan, showing a year-on-year growth of 49.06% [1] - For the first three quarters, the total revenue amounted to 2.385 billion yuan, with a slight year-on-year increase of 0.36% [1] - The net profit for the first three quarters was 117 million yuan, reflecting a year-on-year growth of 18.31% [1]

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥1,038,177,317.58, representing a 60.53% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥33,001,115.00, up 49.06% year-on-year, while the net profit excluding non-recurring items was ¥34,986,584.72, an increase of 28.99%[4] - The basic earnings per share for the period was ¥0.2093, a rise of 48.23% compared to the same period last year[4] - Net profit for the current period was ¥118,829,479.78, up from ¥98,746,050.25, reflecting a growth of approximately 20.3%[22] - Earnings per share (EPS) for the current period was ¥0.7425, compared to ¥0.6277 in the previous period, marking an increase of about 18.3%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,627,792,585.68, reflecting a 52.06% increase from the end of the previous year[4] - Total current assets increased to ¥3,465,843,217.22 from ¥2,042,259,257.76, representing a growth of approximately 70%[17] - Total assets reached ¥4,627,792,585.68, up from ¥3,043,455,043.58, indicating a growth of around 52%[18] - Total liabilities increased to ¥2,934,332,603.24 from ¥1,468,927,210.83, reflecting a growth of approximately 99.5%[20] - Total liabilities increased, with accounts payable rising to ¥661,379,296.69 from ¥29,934,475.25, a significant increase[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥353,239,888.26, showing a decrease of 15.05% compared to the previous year[4] - Cash flow from operating activities was ¥2,787,882,156.94, an increase from ¥2,623,659,278.60, representing a growth of approximately 6.3%[24] - Net cash flow from operating activities amounted to $353.24 million, down from $415.84 million year-over-year[25] - Cash inflow from investment activities reached $924.54 million, significantly higher than $346.77 million in the prior year[25] - Cash inflow from financing activities was $1.99 billion, up from $775.70 million in the previous period[25] Research and Development - Research and development expenses increased by 181.42% to ¥29,107,682.07, indicating a significant investment in process improvement[9] - Research and development expenses rose to ¥29,107,682.07 from ¥10,343,134.21, showing a significant increase of about 180.5%[21] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 13,416[11] - Major shareholder Xia Jun holds 39.10% of shares, totaling 61,892,362 shares[11] - The number of restricted shares held by Xia Jun at the end of the period is 46,419,271, with 15,473,090 shares released during the period[14] Inventory and Cash Equivalents - Cash and cash equivalents rose to ¥963,229,630.94 from ¥289,642,372.07, an increase of about 233%[17] - Inventory increased significantly to ¥1,362,783,191.42 from ¥880,006,813.16, marking a rise of approximately 55%[17] - The company reported a 232.56% increase in cash and cash equivalents, totaling ¥963,229,630.94, due to increased deposits for bills[9] - The ending cash and cash equivalents balance was $156.65 million, a significant increase from $9.64 million year-over-year[26] Other Financial Metrics - Total operating revenue for the current period reached ¥2,384,988,838.64, a slight increase from ¥2,376,394,795.94 in the previous period, representing a growth of approximately 0.5%[21] - Total operating costs amounted to ¥2,286,995,933.84, compared to ¥2,281,915,427.66 in the prior period, indicating an increase of about 0.6%[21] - Deferred income decreased slightly to ¥34,553,192.57 from ¥36,347,292.74, a decline of approximately 4.9%[20] - Other comprehensive income after tax for the current period was -¥8,508.20, compared to -¥94,059.70 in the previous period, showing an improvement[22] Borrowings and Payables - The company’s short-term borrowings rose by 153.24% to ¥1,440,680,000.00, attributed to increased payments for goods via acceptance and letters of credit[9] - Short-term borrowings surged to ¥1,440,680,000.00 from ¥568,900,000.00, an increase of approximately 153%[18] - The company experienced a 2109.42% increase in accounts payable, amounting to ¥661,379,296.69, due to an increase in unpaid raw material procurement[9] Audit Status - The third quarter financial report was not audited[27]

Core Viewpoint - The company, Haotong Technology (301026), stated that shareholder reduction is a normal capital demand and will not affect the company's long-term operations and development [1] Group 1 - The company addressed investor concerns regarding shareholder reduction [1] - The management emphasized that such actions are part of normal financial needs [1] - The company reassured that its long-term business and growth prospects remain unaffected [1]