Group 1 - The core viewpoint of the news is that Yachuang Electronics (301099.SZ) reported its Q3 2025 results, highlighting the current institutional investor holdings and changes compared to the previous quarter [1] - As of October 29, 2025, a total of 10 institutional investors disclosed holdings in Yachuang Electronics A-shares, with a combined holding of 8.4937 million shares, representing 5.79% of the total share capital [1] - The top ten institutional investors include Hong Kong Central Clearing Limited, Yancheng Shuoqing Enterprise Management Center (Limited Partnership), and others, with their combined holding ratio decreasing by 2.21 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, there was an increase in holdings from one public fund, namely Dongcai Huixin Preferred Mixed Initiation A, with a slight rise in holding percentage [2] - Two new public funds disclosed their holdings this quarter, including Xinyuan Guozheng 2000 Index Enhanced A and Haifutong Zhongzheng 2000 Enhanced Strategy ETF [2] - A total of 27 public funds were not disclosed this quarter compared to the previous quarter, including notable funds such as Huabao Power Combination Mixed A and Huabao Industry Selection Mixed [2] Group 3 - From the foreign investment perspective, one new foreign institution disclosed its holdings this quarter, which is Hong Kong Central Clearing Limited [3]

Core Viewpoint - Yachuang Electronics (301099.SZ) reported a significant increase in revenue for the first three quarters of 2025, but net profit experienced a decline despite growth in net profit excluding non-recurring items [1] Financial Performance - The company's operating revenue for the first three quarters reached 4.655 billion yuan, representing a year-on-year increase of 105.27% [1] - The net profit attributable to shareholders of the listed company was 82.7663 million yuan, showing a year-on-year decrease of 19.29% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 79.8033 million yuan, which is a year-on-year increase of 22.87% [1] - Basic earnings per share stood at 0.59 yuan [1]

Core Viewpoint - Yachuang Electronics has confirmed that its storage product inventory is sufficient to ensure normal delivery of storage business orders [1] Group 1: Company Operations - The company stated that it has ample inventory for its storage products, which will support the normal delivery of orders in the storage business [1] - Yachuang Electronics is also involved in the distribution of passive components, primarily used in the optical module sector [1]

Core Viewpoint - Yachuang Electronics (301099.SZ) reported a significant increase in revenue for the first three quarters, but net profit experienced a decline despite an increase in net profit excluding non-recurring gains and losses [1] Financial Performance - The company's operating revenue for the first three quarters reached 4.655 billion yuan, representing a year-on-year growth of 105.27% [1] - The net profit attributable to shareholders of the listed company was 82.766 million yuan, showing a year-on-year decline of 19.29% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 79.8 million yuan, which reflects a year-on-year increase of 22.87% [1]

证券代码：301099 证券简称：雅创电子 公告编号：2025-127 上海雅创电子集团股份有限公司 第三届董事会第四次会议决议公告 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。 董事会认为公司 2025 年第三季度报告包含的信息公允、全面、真实的反映 了本报告期的财务状况和经营成果等事项，所披露的信息真实、准确、完整，不 存在任何虚假记载、误导性陈述或重大遗漏。 本议案已经公司董事会审计委员会审议通过。 表决结果：同意 7 票；反对 0 票；弃权 0 票。 具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第 三季度报告》。 二、备查文件 1、上海雅创电子集团股份有限公司第三届董事会审计委员会第二次会议 决议； 2、上海雅创电子集团股份有限公司第三届董事会第四次会议决议。 上海雅创电子集团股份有限公司（以下简称"公司"）第三届董事会第四次 会议于 2025 年 10 月 28 日以通讯会议的方式召开。本次会议通知于 2025 年 10 月 24 日以书面方式发出，会议应出席董事 7 人，实际出席董事 7 人。会议 由董事 ...

Group 1 - The core point of the article is that 雅创电子 reported significant revenue growth in the third quarter, but a decline in net profit [1] - In the third quarter, the company's revenue reached 1.808 billion yuan, representing a year-on-year increase of 79.62% [1] - The net profit for the third quarter was 41.9496 million yuan, showing a decrease of 32.70% compared to the previous year [1] Group 2 - For the first three quarters, the company's total revenue was 4.655 billion yuan, which is a year-on-year growth of 105.27% [1] - The net profit for the first three quarters amounted to 82.7663 million yuan, reflecting a decline of 19.29% year-on-year [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,808,496,967.60, representing a 79.62% increase year-over-year[5] - Net profit attributable to shareholders decreased by 32.70% to ¥41,949,589.81 for the quarter, while the year-to-date net profit decreased by 19.29% to ¥82,766,256.02[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 154.87% to ¥42,416,006.47 for the quarter[5] - The company reported a significant increase in operating income for the first nine months of 2025, reaching ¥465,543.76 million, up 105.27% from the same period in 2024[8] - The company achieved a sales revenue of RMB 4,655.44 million, representing a year-on-year growth of 105.27%[14] - The distribution business generated revenue of RMB 4,416.05 million, with a year-on-year growth of 119.64%[14] - The company's third-quarter net profit attributable to the parent company increased by 38.72% compared to the second quarter, primarily due to increased exchange gains[18] - The net profit for the current period is 98,159,639.96, a decrease from 121,254,831.29 in the previous period, representing a decline of approximately 19%[25] - Total comprehensive income for the current period was 100,757,293.33, compared to 125,448,807.93 in the previous period, reflecting a decrease of about 20%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,502,422,626.36, a 17.13% increase compared to the end of the previous year[5] - Total assets increased to ¥4,502,422,626.36 from ¥3,844,011,996.97, representing a growth of about 17.1%[21] - Total liabilities rose to ¥2,913,119,656.41 from ¥2,358,524,961.21, an increase of approximately 23.4%[22] - The company's equity attributable to shareholders increased to ¥1,295,887,459.57 from ¥1,241,451,048.49, reflecting a growth of about 4.4%[22] - The company’s long-term borrowings increased to ¥367,096,000.00 from ¥84,092,499.96, a significant rise of approximately 336.5%[21] Cash Flow and Expenses - The company reported a cash flow deficit from operating activities of ¥204,221,835.49, a decline of 147.79% year-to-date[5] - The company's cash and cash equivalents decreased to ¥259,619,237.08 from ¥524,127,581.02, a decline of about 50.5%[20] - The net cash flow from operating activities was -204,221,835.49, a decline from 427,349,073.20 in the previous period[27] - The company experienced a net cash outflow from investing activities of -391,021,554.33, compared to -251,850,053.40 in the previous period[27] - The net cash flow from financing activities was 320,167,370.89, a recovery from -113,276,241.79 in the previous period[27] Research and Development - Research and development expenses increased by 57.12% to ¥7,928.57 million, reflecting the company's commitment to enhancing its R&D capabilities[8] - The company increased its R&D investment in automotive-grade analog chips, totaling RMB 79.29 million, a year-on-year increase of 57.12%[16] - Research and development expenses for the current period were ¥79,285,661.95, up from ¥50,461,049.26, indicating a growth of approximately 56.9%[24] Shareholder Information - The company's major shareholder, Xie Lishu, holds 51.71% of the shares, with 56,885,400 shares under pledge[13] Profitability Metrics - The weighted average return on equity decreased to 3.17%, down 2.43% from the previous year[5] - The gross profit margin for the reporting period was 13.14%, a decrease of 4.93 percentage points compared to the previous year[14] - Operating profit increased significantly to 142,926,133.34 from 39,110,771.62, indicating a growth of over 264%[25] - Total revenue from operating activities reached 4,591,225,947.83, compared to 2,394,243,612.04 in the previous period, marking an increase of approximately 92%[26] - The company reported a basic and diluted earnings per share of 0.59, down from 0.77 in the previous period[26]

Group 1 - The company, Yachuang Electronics (301099), has been deeply engaged in the electronic components distribution business for over 20 years [1] - The company has a wide range of agency partnerships across various product lines [1] - Detailed information about the agency products can be found on the company's official website and in regular reports [1]

Core Viewpoint - Yachuang Electronics responded to investor inquiries on October 27, indicating that details regarding the company's external investments should be monitored through relevant company announcements [2] Group 1 - The company is actively engaging with investors through interactive platforms [2] - The company emphasizes the importance of following official announcements for updates on investment activities [2]

Core Insights - The company Yachuang Electronics (301099) reported that as of October 20, 2025, the number of its shareholders is expected to exceed 26,000 [1] Summary by Category - **Company Information** - Yachuang Electronics anticipates having over 26,000 shareholders by October 20, 2025 [1]