Core Viewpoint - The stock of Yuanxin Industrial experienced a decline of 2.34% on November 12, with a trading volume of 25.72 million yuan, indicating a potential shift in investor sentiment and market dynamics [1]. Financing Summary - On November 12, Yuanxin Industrial had a financing buy-in amount of 2.22 million yuan and a financing repayment of 2.74 million yuan, resulting in a net financing outflow of 0.52 million yuan [1]. - As of November 12, the total financing and securities lending balance for Yuanxin Industrial was 80.34 million yuan, accounting for 2.79% of its market capitalization, which is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - The company had no securities lending activity on November 12, with a remaining balance of 0 shares and 0 yuan, also reflecting a high position relative to the past year [1]. Business Performance - For the period from January to September 2025, Yuanxin Industrial reported a revenue of 456 million yuan, representing a year-on-year growth of 13.25%, while the net profit attributable to shareholders decreased by 58.39% to 14.71 million yuan [2]. - The company’s main business revenue composition includes 77.97% from shaping machines, 14.97% from high-temperature intelligent dyeing machines, 5.12% from dust and oil removal energy recovery equipment, and 1.70% from other sources [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Yuanxin Industrial was 4,937, a decrease of 36.30% from the previous period, while the average circulating shares per person increased by 60.61% to 15,696 shares [2]. - The cumulative cash distribution since the company's A-share listing amounts to 63.77 million yuan, with 39.24 million yuan distributed over the past three years [3]. - Notably, the fund "Nuoan Multi-Strategy Mixed A" (320016) has exited the top ten circulating shareholders list as of September 30, 2025 [3].

Core Viewpoint - The financial performance and stock activity of Yuanxin Industrial indicate a mixed outlook, with revenue growth but a significant decline in net profit, alongside high financing levels and changes in shareholder composition [1][2][3]. Financing Activity - On November 11, Yuanxin Industrial's stock rose by 1.60%, with a trading volume of 27.90 million yuan. The financing buy-in amounted to 4.03 million yuan, while financing repayment was 3.13 million yuan, resulting in a net financing buy of 0.91 million yuan. The total financing and securities balance reached 80.86 million yuan, accounting for 2.74% of the circulating market value, which is above the 90th percentile of the past year [1]. - The financing balance of 80.86 million yuan is at a high level compared to historical data, indicating strong investor interest [1]. Business Performance - For the period from January to September 2025, Yuanxin Industrial reported a revenue of 456 million yuan, reflecting a year-on-year growth of 13.25%. However, the net profit attributable to shareholders decreased by 58.39% to 14.71 million yuan [2]. - The company's main business revenue is derived from various textile-related equipment, with the largest segment being shaping machines at 77.97% of total revenue [1]. Shareholder Composition - As of September 30, 2025, the number of shareholders decreased to 4,937, a reduction of 36.30%. The average number of circulating shares per person increased by 60.61% to 15,696 shares [2]. - Notably, the top ten circulating shareholders saw a change, with the Noan Multi-Strategy Mixed A fund exiting the list [3]. Dividend Distribution - Since its A-share listing, Yuanxin Industrial has distributed a total of 63.77 million yuan in dividends, with 39.24 million yuan distributed over the past three years [3].

Core Points - The company announced the convening of its 31st meeting of the third board of directors on September 23, 2025, and the second extraordinary general meeting of shareholders on October 16, 2025, to review the proposal regarding changes in registered capital and amendments to relevant documents [1] - The company has completed the business registration change procedures and obtained a new business license issued by the Zhejiang Provincial Market Supervision Administration [1]

远信工业股份有限公司（以下简称"公司"）于 2025 年 9 月 23 日召开第三届 董事会第三十一次会议，并于 2025 年 10 月 16 日召开 2025 年第二次临时股东大 会，审议通过了《关于变更注册资本、修订<公司章程>的议案》，具体内容详见 公司于 2025 年 9 月 24 日在巨潮资讯网（http://www.cninfo.com.cn）上披露的《关 于变更注册资本、修订<公司章程>及制定、修订公司治理制度的公告》（公告编 号：2025-056）。 近日，公司完成了工商变更登记手续，并取得浙江省市场监督管理局换发的 《营业执照》，换发后的《营业执照》相关登记信息内容如下： 名称：远信工业股份有限公司 | 证券代码：301053 | 证券简称：远信工业 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：123246 | 债券简称：远信转债 | | 远信工业股份有限公司 关于完成工商变更登记并换发营业执照的公告 | 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记 | | --- | | 载、误导性陈述或者重大遗漏。 | 住所：浙江省新 ...

Core Insights - The company is experiencing a significant decline in net profit despite a growth in operating revenue, indicating a challenge of increasing revenue without corresponding profit growth [1][2] - The textile equipment manufacturer reported a revenue of 456 million yuan for the first three quarters of 2025, a year-on-year increase of 13.25%, while net profit dropped to 14.71 million yuan, a decrease of 58.39% [1] - The company faces dual challenges of weakened profitability and limited improvement in cash flow amidst uncertainties in the overall textile industry recovery [1] Profitability Decline - The most notable risk signal from the company's quarterly report is the substantial decline in profitability, shifting from a profitable state to a significant drop in net profit [2] - The primary reason for this situation is the decrease in overall profitability levels, with a noticeable drop in net profit margin despite revenue growth, indicating pressure on the company's profit-generating capabilities [2] - Increased expenses, particularly financial costs due to the issuance of convertible bonds and interest amortization, have significantly eroded operating profits [2] - A reduction in government subsidies and other income further impacted the company's profit levels, while a decline in return on equity reflects weakened profitability for shareholders [2] Financial Structure Changes - The quarterly report reveals risks related to the company's financial structure and cash flow pressures, with a significant increase in fixed assets due to the conversion of fundraising projects into fixed assets [3] - Although cash flow from operating activities has improved compared to the previous year, it remains negative, indicating a need for better receivables management [3] - The increase in accounts payable due to expanded production scale and growth in contract liabilities may suggest improved order conditions, but the rise in interest-bearing debt adds financial pressure [3] - A decrease in cash reserves compared to the end of the previous year, primarily due to ongoing investments in fundraising projects, introduces uncertainty regarding the company's operational flexibility [3] - Balancing revenue growth with profit quality remains a challenge for the company, necessitating improvements in operational efficiency, cost control, and fund utilization to navigate current challenges [3]

Core Insights - The company reported a revenue of 456 million yuan for the first three quarters of 2025, representing a year-on-year increase of 13.25% [1] - The net profit attributable to shareholders decreased to 14.71 million yuan, a decline of 58.39% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 13.36 million yuan, down 54.29% year-on-year [1] - The basic earnings per share stood at 0.18 yuan [1]

Core Viewpoint - Yuanxin Industrial (301053.SZ) reported a revenue increase of 13.25% year-on-year for the first three quarters of 2025, reaching 456 million yuan, while net profit attributable to shareholders decreased by 58.39% to 14.71 million yuan [1] Financial Performance - Revenue for the first three quarters of 2025 was 456 million yuan, reflecting a year-on-year increase of 13.25% [1] - Net profit attributable to shareholders was 14.71 million yuan, showing a significant decrease of 58.39% year-on-year [1] - Net profit excluding non-recurring gains and losses was 13.36 million yuan, down 54.29% year-on-year [1] - Basic earnings per share stood at 0.18 yuan [1]

| 证券代码：301053 | 证券简称：远信工业 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：123246 | 债券简称：远信转债 | | 远信工业股份有限公司 关于 2025 年前三季度计提减值准备的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记 载、误导性陈述或者重大遗漏。 远信工业股份有限公司（以下简称"公司"或"本公司"）根据《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 2 号— —创业板上市公司规范运作》、《企业会计准则》以及公司相关会计政策的规定， 基于谨慎性原则，为真实、准确反映公司 2025 年 1-9 月财务状况、资产价值与经 营成果，公司对 2025 年 9 月 30 日合并报表范围内的资产进行减值测试，根据减 值测试结果对其中存在减值迹象的资产相应计提了减值准备。现将对 2025 年前三 季度计提减值准备的有关情况说明如下： 一、本次计提减值准备情况 （一）本次计提减值准备的原因 根据《企业会计准则》及公司会计政策的相关规定，公司对合并范围内截至 2025 年 9 月 30 日的 ...

Group 1 - The core point of the article is that Yuanxin Industrial reported a revenue of 142 million yuan in the third quarter, representing a year-on-year increase of 14.71% while net profit decreased by 92.48% to 947,200 yuan [1] - For the first three quarters, the company achieved a revenue of 456 million yuan, which is a year-on-year growth of 13.25%, but net profit fell by 58.39% to 14.7122 million yuan [1]

Revenue and Profitability - Revenue for Q3 2025 reached ¥141,743,449.76, an increase of 14.71% year-over-year, while year-to-date revenue was ¥455,605,728.37, up 13.25% compared to the same period last year [5] - Net profit attributable to shareholders was ¥947,229.03, a significant decrease of 92.48% year-over-year, with year-to-date net profit at ¥14,712,170.45, down 58.39% [5] - Basic earnings per share for Q3 2025 was ¥0.01, down 93.33% year-over-year, while diluted earnings per share was ¥0.05, a decrease of 66.67% [5] - Total operating revenue for the current period reached ¥455,605,728.37, an increase of 13.24% compared to ¥402,290,355.06 in the previous period [15] - Net profit for the current period was ¥14,747,274.18, a decrease of 58.61% from ¥35,643,199.96 in the previous period [16] - Basic earnings per share decreased to ¥0.18 from ¥0.43, reflecting a decline of 58.14% [17] - The company reported a total comprehensive income of ¥14,585,666.67, down from ¥35,616,106.60 in the previous period [17] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,397,719,113.01, reflecting a 2.25% increase from the end of the previous year [5] - Total current assets decreased from 858,468,741.73 yuan to 830,821,533.03 yuan, a decline of approximately 3.5% [12] - Total assets increased from 1,367,019,824.99 yuan to 1,397,719,113.01 yuan, a growth of approximately 2.2% [14] - Total liabilities increased slightly from 663,979,022.62 yuan to 665,340,437.07 yuan, an increase of about 0.2% [14] - The company's equity attributable to shareholders increased from 687,465,165.89 yuan to 726,295,157.00 yuan, an increase of approximately 5.6% [14] Cash Flow and Financial Position - Cash flow from operating activities showed a net outflow of ¥4,079,749.63, an improvement of 79.47% compared to the same period last year [8] - Cash flow from operating activities showed a net outflow of ¥4,079,749.63, compared to a net outflow of ¥19,872,519.09 in the previous period [18] - Cash and cash equivalents decreased by 31.40% to ¥260,823,924.48, mainly due to ongoing investments in fundraising projects [8] - Cash and cash equivalents at the end of the period were ¥244,819,827.71, down from ¥338,211,762.33 at the end of the previous period [18] Expenses and Investments - The company reported a 71.93% increase in fixed assets, totaling ¥486,857,621.98, primarily due to the capitalization of investment project assets [8] - The company’s financial expenses surged by 4224.33% to ¥13,447,835.03, attributed to increased interest expenses from convertible bonds [8] - Research and development expenses increased to ¥26,137,631.45, up 9.19% from ¥23,933,737.29 in the prior period [15] - The company incurred a credit impairment loss of ¥9,243,057.72, compared to ¥5,778,284.46 in the previous period [16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 4,937 [10] - The largest shareholder, Xinchang Yuanwei Technology Co., Ltd., holds 53.81% of shares, totaling 45,316,225 shares [10] - The company has no preferred shareholders or changes in restricted shares during the reporting period [11] Inventory and Receivables - Accounts receivable increased from 187,391,658.95 yuan to 224,736,786.63 yuan, an increase of about 19.9% [12] - The company reported a significant increase in inventory from 248,637,198.77 yuan to 257,782,967.13 yuan, an increase of approximately 3.6% [12] Audit Status - The company's financial report for the third quarter was not audited [19]