Core Insights - Yanpai Co., Ltd. (301081.SZ) released its Q3 2025 report on October 28, 2025, indicating that institutional investors hold a total of 125 million shares, accounting for 54.97% of the company's total equity [1] Institutional Holdings - As of October 27, 2025, six institutional investors disclosed their holdings in Yanpai Co., Ltd., with a combined shareholding of 125 million shares, representing 54.97% of the total equity [1] - The institutional investors include Tian Tai Southwest Investment Management Co., Ltd., Tian Tai Youfeng Investment Consulting Management Co., Ltd., Tian Tai Fengxi Investment Partnership (Limited Partnership), Hangzhou Jiuhu Investment Management Partnership (Limited Partnership), Zhejiang Yinlun Machinery Co., Ltd., and a collective asset management plan from China Merchants Securities Asset Management [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.87 percentage points [1] Public Fund Holdings - In this reporting period, 35 public funds were not disclosed compared to the previous quarter, including notable funds such as CITIC Prudential Multi-Strategy Mixed (LOF) A, Nuon Multi-Strategy Mixed A, and Huaxia CSI 500 Index Enhanced A [1]

Core Viewpoint - The company reported a revenue increase of 18.09% year-on-year for the first three quarters of 2025, but net profit decreased significantly by 66.31% [1] Financial Performance - The company's revenue for the first three quarters reached 658 million yuan [1] - Net profit attributable to shareholders was 14.1568 million yuan, a decrease of 66.31% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 11.1674 million yuan, down 72.57% year-on-year [1] - Basic earnings per share were 0.07 yuan [1]

Group 1 - The core point of the article is that Yanpai Co., Ltd. reported its third-quarter performance, showing a revenue increase but a significant decline in net profit and earnings per share [1] Group 2 - For the first three quarters of 2025, Yanpai Co., Ltd. achieved a revenue of approximately 658 million yuan, representing a year-on-year increase of 18.09% [1] - The net profit attributable to shareholders of the listed company was approximately 14.16 million yuan, reflecting a year-on-year decrease of 66.31% [1] - The basic earnings per share were reported at 0.07 yuan, which is a year-on-year decrease of 66.67% [1] - As of the report date, Yanpai Co., Ltd. had a market capitalization of 2.5 billion yuan [1]

| 证券代码：301081 | 证券简称： | 严牌股份 | 公告编号：2025-089 | | --- | --- | --- | --- | | 债券代码：123243 | 债券简称： | 严牌转债 | | 浙江严牌过滤技术股份有限公司 关于 2025 年前三季度计提资产减值损失和信用减值损失的公告 | 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。 | 根据《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》，浙江严牌过滤技术股份有限公司（以下简称"公司"）依据《企业会 计准则》以及公司相关会计政策的规定，为真实、准确反映公司 2025 年 1 至 9 月财务状况、资产价值与经营成果，公司对各类资产进行全面清查和减值测试， 基于谨慎性原则，对截至 2025 年 9 月 30 日公司可能发生信用及资产减值损失的 有关资产计提信用及资产减值准备。现将具体事宜公告如下： 一、本次计提资产减值损失和信用减值损失概况 为了能够更加真实、准确和公允的反映公司资产和财务状况，根据《企业会 计准则》及公司会计政策的相关规定 ...

会议由监事会主席孙晓阳女士主持。会议召开符合有关法律、法规、规章和 《公司章程》的规定。出席会议的监事对各项议案进行了认真审议并做出了如下 决议： | 证券代码：301081 | 证券简称： | 严牌股份 | 公告编号：2025-087 | | --- | --- | --- | --- | | 债券代码：123243 | 债券简称： | 严牌转债 | | 浙江严牌过滤技术股份有限公司 第四届监事会第十八次会议决议公告 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。 一、监事会会议召开情况 浙江严牌过滤技术股份有限公司（以下简称"公司"）第四届监事会第十八 次会议于 2025 年 10 月 24 日（星期五）在天台县始丰街道永兴路 1 号以现场的 方式召开。会议通知已于 2025 年 10 月 21 日通过邮件的方式送达各位监事。本 次会议应出席监事 3 人，实际出席监事 3 人。 三、备查文件 1、第四届监事会第十八次会议决议。 特此公告。 浙江严牌过滤技术股份有限公司监事会 2025 年 10 月 28 日 二、监事会会议审议情况 （一）审议通过《关于公司 ...

| 证券代码：301081 | 证券简称： | 严牌股份 | 公告编号：2025-086 | | --- | --- | --- | --- | | 债券代码：123243 | 债券简称： | 严牌转债 | | 浙江严牌过滤技术股份有限公司 第四届董事会第二十二次会议决议公告 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。 一、董事会会议召开情况 浙江严牌过滤技术股份有限公司（以下简称"公司"）第四届董事会第二十 二次会议于 2025 年 10 月 24 日（星期五）在天台县始丰街道永兴路 1 号以现场 结合通讯的方式召开。会议通知已于 2025 年 10 月 21 日通过邮件的方式送达各 位董事。本次会议应出席董事 7 人，实际出席董事 7 人（其中：通讯方式出席董 事 3 人）。 会议由董事长孙尚泽先生主持，全体监事、高级管理人员列席。会议召开符 合有关法律、法规、规章和《公司章程》的规定。经各位董事认真审议，会议形 成了如下决议： 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第三季度报告》。 本议案经公司第四 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥228,831,612.45, representing a 15.05% increase year-over-year, while the year-to-date revenue reached ¥658,286,985.71, up 18.09% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2025 was -¥7,366,969.11, a decrease of 156.87% year-over-year, and the year-to-date net profit was ¥14,156,789.25, down 66.31% compared to the previous year[3] - The basic earnings per share for Q3 2025 was -¥0.04, a decline of 166.67% year-over-year, while the diluted earnings per share was -¥0.03, down 150.00% compared to the same period last year[3] - Total operating revenue increased to ¥658,286,985.71, up from ¥557,456,940.82, representing a growth of approximately 18.1% year-over-year[25] - Net profit for the period was ¥13,696,661.86, down from ¥42,539,331.36, indicating a decline of approximately 67.8% year-over-year[26] - The total comprehensive income for the period was CNY 13,126,250.04, compared to CNY 41,388,974.35 in the previous period, indicating a significant decrease[27] - Basic earnings per share for the current period was CNY 0.07, down from CNY 0.21 in the previous period, reflecting a decline in profitability[27] Assets and Liabilities - Total assets as of September 30, 2025, were ¥2,381,794,891.04, an increase of 14.84% from the end of the previous year[3] - The company's total assets reached ¥2,381,794,891.04, an increase from ¥2,074,069,035.81 at the beginning of the period, marking a growth of about 14.9%[22] - Current assets totaled ¥1,120,743,370.79, slightly up from ¥1,097,025,504.84, showing a growth of approximately 2.2%[22] - Total liabilities amounted to ¥1,252,983,888.93, compared to ¥1,048,497,116.05, reflecting an increase of about 19.5%[23] - The company's equity attributable to shareholders rose to ¥1,113,925,209.34 from ¥1,022,930,999.60, an increase of approximately 8.9%[23] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥2,618,102.98, reflecting a significant decrease of 98.10% compared to the same period last year[3] - The net cash flow from operating activities for the first nine months of 2025 was ¥2,618,102.98, a decrease of 98.10% compared to ¥137,625,622.45 in the same period of 2024, primarily due to increased cash payments for goods and services[11] - The net cash flow from financing activities for the first nine months of 2025 was ¥150,659,832.66, down 67.13% from ¥458,415,388.84 in 2024, mainly due to a decrease in cash received from borrowings[11] - Cash inflow from operating activities totaled CNY 641,479,725.77, an increase from CNY 542,677,436.45 in the prior period[29] - The net cash flow from financing activities was CNY 150,659,832.66, a decrease from CNY 458,415,388.84 in the prior period[30] - The ending cash and cash equivalents balance was CNY 267,965,440.29, down from CNY 511,416,018.67 in the previous period[30] Inventory and Borrowings - Inventory increased by 33.71% year-over-year to ¥355,032,780.40, primarily due to an increase in the scope of consolidation and stockpiling[8] - Short-term borrowings rose by 241.83% to ¥221,374,368.41, attributed to an increase in short-term loans during the period[8] - Inventory increased significantly to ¥355,032,780.40 from ¥265,526,458.22, representing a rise of about 33.7%[22] - Short-term borrowings surged to ¥221,374,368.41 from ¥64,761,613.02, indicating a substantial increase of approximately 242.5%[23] Expenses - The company reported a 49.87% increase in taxes and surcharges, totaling ¥7,636,839.25, mainly due to higher property tax and land use tax[9] - Management expenses increased by 34.26% year-over-year to ¥62,283,268.90, driven by higher employee compensation and office expenses[9] - Research and development expenses were ¥28,496,258.71, up from ¥23,273,721.38, indicating a growth of about 22.4% year-over-year[26] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,830, with no preferred shareholders having restored voting rights[13] - The largest shareholder, Tiantai Southwest Investment Management Co., Ltd., holds 36.81% of shares, amounting to 83,628,020 shares, with 23,950,000 shares pledged[13] - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Tiantai Youfeng Investment Consulting Management Co., Ltd., owning 10.21% or 23,202,400 shares[13] - The company has a total of 9,227,970 restricted shares at the end of the reporting period, primarily due to executive lock-up regulations[16] - The company has not reported any changes in the number of preferred shareholders or significant changes in restricted shares during the reporting period[15] Acquisition Plans - The company plans to acquire 100% equity of Technische Textilien Lörrach GmbH & Co. KG and its management company for approximately €2.9 million, which will be consolidated into the company's financial statements upon completion[17] - The acquisition has been approved by the company's board and is currently undergoing necessary regulatory approvals, with potential risks including market and operational uncertainties[18] - The company is actively monitoring macroeconomic and industry changes to mitigate risks associated with the acquisition and overall market conditions[18] Audit Information - The company did not undergo an audit for the third quarter financial report[31]

Core Viewpoint - Yanpai Co., Ltd. announced that as of the date of the announcement, the company has no litigation-related guarantee amounts or any guarantee amounts it is required to bear due to losing a lawsuit [2] Summary by Category - **Company Status** - Yanpai Co., Ltd. confirmed the absence of any litigation-related guarantees [2] - The company stated it does not have any obligations arising from guarantees due to adverse legal judgments [2]

关于为子公司提供担保的进展公告 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。 一、担保情况概述 | 证券代码：301081 | 证券简称：严牌股份 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：123243 | 债券简称：严牌转债 | | 浙江严牌过滤技术股份有限公司 浙江严牌过滤技术股份有限公司（以下简称"公司"或"严牌股份"）分 别于 2025 年 4 月 1 日召开第四届董事会第十五次会议、第四届监事会第十四次 会议，于 2025 年 4 月 23 日召开 2025 年第二次临时股东大会，审议通过了《关 于公司 2025 年度向银行等金融机构申请综合授信额度及提供相应担保的议案》。 同意公司为子公司浙江严牌技术有限公司（以下简称"严牌技术"）申请综合 授信额度提供担保不超过人民币 30,000 万元。公司股东大会授权公司董事长或 其授权代理人在授信担保额度内与金融机构办理相关授信额度的申请事宜及办 理相关资产的抵押、质押事项，签署有关的合同、协议、凭证等各项法律文件， 并办理相关手续，期限自 2025 年第二 ...

Core Viewpoint - As of October 20, 2025, the number of shareholders for Yanpai Co., Ltd. is reported to be 8,706 [2] Summary by Categories Company Information - Yanpai Co., Ltd. has confirmed through an interactive platform that it has 8,706 shareholders as of the specified date [2]