Core Viewpoint - Hongde Co., Ltd. reported significant growth in net profit for the third quarter, indicating strong financial performance despite market challenges [1] Financial Performance - The company achieved a net profit attributable to shareholders of 8.6079 million yuan in Q3, representing a year-on-year increase of 1844.45% [1] - The non-recurring net profit for the same period was 7.0418 million yuan, showing a year-on-year growth of 1003.56% [1] - For the first half of the year, the net profit attributable to shareholders was 25.2171 million yuan, with a non-recurring net profit of 14.3128 million yuan [1] Operational Factors - The company's operating profit is influenced by various factors including market environment, raw material costs, labor costs, customer pricing, transportation expenses, exchange rate fluctuations, and capacity utilization [1] - There may be reasonable fluctuations in the company's quarterly operating performance due to the aforementioned factors [1]

Core Viewpoint - The company reported a third-quarter performance of over 8 million, which is lower than the first two quarters despite project launches and industry recovery, raising questions about the reasons behind this decline [1] Group 1: Financial Performance - The company's operating profit is influenced by various factors including market environment, raw material costs, labor costs, customer pricing, transportation expenses, exchange rate fluctuations, and capacity utilization, leading to reasonable fluctuations in performance [1] Group 2: Management Changes - The company confirmed that the change in the financial officer was due to the previous officer, Ms. Li Rong, resigning for health reasons, and acknowledged her diligent contributions during her tenure [1]

Core Insights - The company reported a total revenue of 645 million yuan for Q3 2025, ranking 17th among disclosed peers [1] - The net profit attributable to shareholders was 33.825 million yuan, also ranking 17th among peers [1] - Operating cash flow showed a net inflow of 27.0366 million yuan, a decrease of 29.4351 million yuan compared to the same period last year, representing a year-on-year decline of 52.12% [1] Financial Ratios - The latest debt-to-asset ratio is 23.44%, which is an increase of 0.07 percentage points from the previous quarter and an increase of 5.81 percentage points from the same period last year [3] - The latest gross profit margin is 14.92%, ranking 13th among peers, with a decrease of 0.55 percentage points from the previous quarter and a decrease of 1.21 percentage points from the same period last year [3] - The latest return on equity (ROE) is 2.98%, ranking 13th among peers [3] Earnings Per Share - The diluted earnings per share (EPS) is 0.41 yuan, ranking 11th among disclosed peers [4] Asset Management - The latest total asset turnover ratio is 0.44 times, and the inventory turnover ratio is 2.63 times [5] Shareholder Structure - The number of shareholders is 7,696, with the top ten shareholders holding a total of 50.2847 million shares, accounting for 61.62% of the total share capital [5] - The largest shareholder, Yang Jinde, holds 42.96% of the shares [5]

Group 1 - Hongde Co., Ltd. (301163.SZ) released its Q3 2025 report on October 29, 2025, indicating that as of October 28, 2025, four institutional investors disclosed holdings in Hongde shares, totaling 2.5507 million shares, which accounts for 3.13% of the total share capital [1] - The institutional investors include Nantong Yuexiang Enterprise Management Center (Limited Partnership), J.P. Morgan Securities PLC - proprietary funds, Goldman Sachs LLC, and Morgan Dynamic Multi-Factor Mixed A, with a total institutional holding ratio down by 0.21 percentage points compared to the previous quarter [1] - In terms of public funds, one new public fund was disclosed this period, namely Morgan Dynamic Multi-Factor Mixed A, while 26 public funds were not disclosed compared to the previous quarter, including notable funds such as Nuon An Duo Strategy Mixed A and Huaxia New Brocade Mixed A [1] Group 2 - From the perspective of foreign investment, one new foreign institution was disclosed this period, which is J.P. Morgan Securities PLC - proprietary funds [1]

Core Viewpoint - Hongde Co., Ltd. reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for the first three quarters reached 645 million yuan, representing a year-on-year growth of 35.26% [1] - The net profit attributable to shareholders of the listed company was 33.825 million yuan, showing a year-on-year increase of 76.74% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 21.3546 million yuan, which is a year-on-year growth of 12.56% [1] - Basic earnings per share were reported at 0.4145 yuan [1]

Company Update - Hongde Co., Ltd. announced the resignation of Ms. Li Rong from the board of directors and as the financial head due to health reasons [1] - For the fiscal year 2024, the revenue composition of Hongde Co., Ltd. is as follows: cast iron products account for 72.22%, cast aluminum products account for 26.24%, and other businesses account for 1.54% [1] Industry Insight - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation towards a "slow bull" new pattern [1]

Core Points - Hongde Co., Ltd. announced the election of Ms. Li Rong as the employee representative director for the third board of directors during the first employee representative meeting scheduled for October 27, 2025 [1] Summary by Category - **Company Announcement** - Hongde Co., Ltd. will hold its first employee representative meeting on October 27, 2025, to elect the employee representative director for the third board of directors [1] - Ms. Li Rong has been elected as the employee representative director following the approval of the attending employee representatives [1]

Core Viewpoint - The company Hongde Co., Ltd. has appointed Wei Xiaolei as the new financial officer, indicating a strategic move in its management team [1] Group 1 - The board of directors of Hongde Co., Ltd. approved the appointment of Wei Xiaolei as the financial officer [1]

独立董事津贴制度 江苏宏德特种部件股份有限公司 独立董事津贴制度 第一条 根据《上市公司治理准则》《上市公司独立董事管理办法》及《公 司章程》的有关规定，按照"责任、风险、利益相一致"的原则，特制订本制度。 第二条 本制度所指的独立董事是指不在公司担任除董事外的其他职务，公 司按照《上市公司独立董事管理办法》的规定聘请的，与公司及其主要股东不存 在可能妨碍其进行独立客观判断的关系的董事。 第三条 津贴原则：津贴水平综合考虑独立董事的工作任务、责任等。 第四条 津贴标准：公司根据实际情况给予独立董事适当的津贴。独立董事 津贴为每人每年 60,000 元至 120,000 元（含税）。 第五条 以上津贴标准为税前标准，由公司统一按个人所得税标准代扣代缴 个人所得税。独立董事津贴从股东会通过当日起计算，按季度发放。 第六条 独立董事出席公司董事会、股东会等会议的差旅费以及按《公司章 程》行使职权所需费用，均由公司据实报销。 第七条 除本制度规定的津贴外，独立董事不得从公司及其主要股东或有利 害关系的机构和人员处取得本制度规定额外的独立董事津贴和未予披露的其他 利益。 第八条 本制度经公司股东会审议通过之日起生效并实 ...

薪酬与考核委员会议事规则 江苏宏德特种部件股份有限公司董事会 薪酬与考核委员会议事规则 第一章 总则 第一条 为进一步建立健全江苏宏德特种部件股份有限公司（以下简称"公司"） 董事、高级管理人员的考核和薪酬管理制度，完善公司治理结构，根据《中华人民 共和国公司法》《上市公司治理准则》《深圳证券交易所创业板股票上市规则》《深 圳证券交易所创业板上市公司规范运作指引》《公司章程》及其他有关规定，公司 设立董事会薪酬与考核委员会，并制订本议事规则。 薪酬与考核委员会议事规则 料及被考评人员的有关资料，负责筹备薪酬与考核委员会会议，监督薪酬与考核委 员会的有关决议执行情况，公司相关职能部门执行薪酬与考核委员会的决议和具体 工作安排。 第三章 职责权限 第二章 人员组成 第四条 薪酬与考核委员会由三名董事组成，其中独立董事应当过半数并担任 召集人。 第五条 薪酬与考核委员会委员由董事长、二分之一以上的独立董事或全体董 事的三分之一以上提名，并由董事会选举产生。新任委员在该次董事会会议结束后 立即就任。 第六条 薪酬与考核委员会设主任委员（召集人）一名，主任委员在委员内选 举，并报董事会批准产生。 第七条 薪酬与考核委员 ...