Group 1 - The core point of the article is that Wanshang Technology (SZ 301180) held its third board meeting on October 22, 2025, to review the proposal for the full report of the third quarter of 2025 [1] - For the year 2024, Wanshang Technology's revenue composition is as follows: 77.94% from consumer electronics, 17.65% from power/storage products, and 4.42% from other sources [1] - As of the report, Wanshang Technology has a market capitalization of 6.3 billion yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Wanxiang Technology in Q3 2025, showing a revenue increase but a significant decline in net profit and earnings per share [1] Group 2 - Wanxiang Technology reported a revenue of approximately 1.049 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 30.84% [1] - The net profit attributable to shareholders was approximately 9.66 million yuan, reflecting a year-on-year decrease of 55.1% [1] - The basic earnings per share were 0.02 yuan, down 60% compared to the previous year [1] - As of the report date, Wanxiang Technology's market capitalization stood at 6.3 billion yuan [1]

证券代码：301180 证券简称：万祥科技 公告编号：2025-040 苏州万祥科技股份有限公司 第三届董事会第二次会议决议公告 三、备查文件 1、《苏州万祥科技股份有限公司第三届董事会第二次会议决议》； 2、深交所要求的其他文件。 一、董事会会议召开情况 苏州万祥科技股份有限公司（以下简称"万祥科技"、"公司"）第三届董事 会第二次会议于 2025 年 10 月 12 日以电话/书面方式向董事候选人发出通知，并 于 2025 年 10 月 22 日在公司会议室以通讯方式举行。本次会议由董事长黄军先 生主持，应到董事七名，实到董事七名，公司高级管理人员列席了会议。本次会 议的召开和表决程序符合《公司法》、《证券法》和《公司章程》的有关规定。 二、董事会会议审议情况 1、审议通过《关于审议 2025 年第三季度报告全文的议案》 公司董事认真审阅了《2025 年第三季度报告》全文，认为《2025 年第三季 度报告》全文能够真实、准确、完整地反映公司的实际情况，不存在虚假记载、 误导性陈述或者重大遗漏。 表决结果：7 票同意，0 票反对，0 票弃权。 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.co ...

Core Insights - The company reported a third-quarter revenue of 415 million yuan, representing a year-on-year growth of 29.19% [1] - The net profit for the third quarter was 7.651 million yuan, showing a year-on-year increase of 2.32% [1] - For the first three quarters, the company achieved a revenue of 1.049 billion yuan, which is a year-on-year increase of 30.84% [1] - The net profit for the first three quarters was 9.657 million yuan, reflecting a year-on-year decline of 55.10% [1] Financial Performance - Third-quarter revenue: 415 million yuan, up 29.19% year-on-year [1] - Third-quarter net profit: 7.651 million yuan, up 2.32% year-on-year [1] - Year-to-date revenue (first three quarters): 1.049 billion yuan, up 30.84% year-on-year [1] - Year-to-date net profit (first three quarters): 9.657 million yuan, down 55.10% year-on-year [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥414,671,682.97, representing a year-on-year increase of 29.19%[5] - The net profit attributable to shareholders was ¥7,651,019.26, a slight increase of 2.32% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 232.45% to ¥7,225,525.25[5] - The company reported a 30.84% increase in total operating revenue for the year-to-date period, totaling ¥1,048,687,277.45[8] - Total operating revenue for the current period reached ¥1,048,687,277.45, an increase of 30.8% compared to ¥801,500,818.29 in the previous period[14] - The company reported a net profit margin improvement, with net profit increasing to ¥23,598,570.47 from ¥13,291,690.77, representing an increase of 77.5%[14] - The company's net profit for the current period is CNY 9,656,551.66, a decrease of 55.1% compared to CNY 21,507,671.20 in the previous period[15] - Operating profit for the current period is CNY 13,921,276.71, down from CNY 24,356,230.86, reflecting a decline of 42.5%[15] - Total profit for the current period is CNY 15,761,607.50, compared to CNY 26,792,491.47 in the previous period, representing a decrease of 41.2%[15] - The total comprehensive income for the current period is CNY 9,003,338.85, a decrease of 57.5% from CNY 21,150,591.69 in the previous period[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,982,152,987.25, reflecting a growth of 6.83% from the end of the previous year[5] - Total assets as of the reporting date were ¥1,982,152,987.25, compared to ¥1,855,486,846.68 in the previous period, indicating a growth of 6.8%[13] - Total liabilities increased to ¥664,106,345.29 from ¥552,879,620.88, marking a rise of 20.1%[13] - The company's equity attributable to shareholders reached ¥1,318,046,641.96, up from ¥1,302,607,225.80, reflecting a growth of 1.2%[13] Cash Flow and Investments - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥112,887,583.69, a decrease of 1,069.77%[8] - Cash flow from operating activities shows a net outflow of CNY -112,887,583.69, contrasting with a net inflow of CNY 11,640,683.65 in the previous period[16] - The company experienced a significant increase in cash inflow from sales, totaling CNY 884,617,831.16, compared to CNY 700,340,692.69 in the previous period, marking an increase of 26.3%[16] - Investment activities resulted in a net cash outflow of CNY -116,767,497.51, compared to a net outflow of CNY -184,125,855.84 in the previous period, indicating an improvement[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,475, with no preferred shareholders having restored voting rights[9] - The top three shareholders hold significant stakes: Huang Jun at 37.32% (149,299,199 shares), Zhang Zhigang at 28.86% (115,430,399 shares), and Wu Guozhong at 12.44% (49,766,400 shares)[9] - There are no significant changes in the top 10 shareholders' participation in margin trading or securities lending[9] Operational Metrics - Accounts receivable increased by 47.01% to ¥613,596,047.88, primarily due to longer payment terms for energy storage products[8] - Accounts receivable increased from ¥417,375,791.92 to ¥613,596,047.88, representing a growth of about 47%[11] - Inventory rose from ¥142,737,995.09 to ¥165,922,107.23, indicating an increase of approximately 16%[11] - Total current assets increased from ¥795,377,282.47 to ¥930,867,244.83, showing a growth of about 17%[11] Research and Development - Research and development expenses were ¥52,066,940.41, a decrease of 8.9% from ¥56,755,084.36 in the previous period[14] - The company has allocated resources for new product development, focusing on data resources and innovative solutions[14] Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance product offerings[14] - Future guidance indicates a continued focus on cost management and efficiency improvements to sustain profitability[14] Miscellaneous - The company has not reported any new strategies or major developments in product or technology during this period[10] - No significant mergers or acquisitions have been disclosed in the recent financial report[10] - The company has not undergone an audit for the third quarter financial report[18]

Market Overview - The Shanghai Composite Index closed at 3859.80 points, above the annual line, with a change of 0.52% [1] - The total trading volume of A-shares reached 14312.80 billion yuan [1] Stocks Breaking Annual Line - A total of 148 A-shares have surpassed the annual line today, with notable stocks including: - Tengda Technology with a deviation rate of 9.43% - Shengyang Technology at 9.02% - Jida Zhengyuan at 8.67% [1] - Stocks with smaller deviation rates that just crossed the annual line include *ST Biology, Hongte Technology, and Yunding Technology [1] Top Performers - The top three stocks with the highest deviation rates are: 1. Tengda Technology: Today's increase of 10.01%, turnover rate of 22.36%, latest price at 23.85 yuan [1] 2. Shengyang Technology: Today's increase of 10.00%, turnover rate of 6.20%, latest price at 12.10 yuan [1] 3. Jida Zhengyuan: Today's increase of 10.02%, turnover rate of 8.23%, latest price at 26.57 yuan [1] Additional Notable Stocks - Other notable stocks with significant performance include: - Shengbang Safety with an increase of 8.32% and a deviation rate of 6.63% [1] - Pingmei Co. with an increase of 6.35% and a deviation rate of 5.95% [1] - Tianao Electronics with an increase of 10.00% and a deviation rate of 5.73% [1]

Core Viewpoint - Wanxiang Technology announced the election of Ms. Shen Mengna as the employee representative director of the company's third board of directors during the employee representative meeting scheduled for October 17, 2025 [2] Group 1 - The employee representative meeting will take place on October 17, 2025 [2] - All attending employee representatives unanimously agreed to elect Ms. Shen Mengna [2]

Core Points - Suzhou Wanxiang Technology Co., Ltd. has recently completed a management reshuffle, with several directors and senior executives resigning [1] - The company held its 17th meeting of the second board of directors and the 16th meeting of the second supervisory board on September 25, 2025, and will hold its first extraordinary shareholders' meeting on October 17, 2025, to complete the election of non-independent and independent directors [1] Board of Directors Changes - Due to the upcoming expiration of the second board's term, directors Bu Shuren, independent directors Huang Peng and Zhang Li will no longer serve on the board and its committees [2] - Bu Shuren indirectly holds 400,000 shares through Suzhou Wanqianxiang Enterprise Consulting Management Partnership (Limited Partnership), while Huang Peng and Zhang Li do not hold any shares [2] Supervisory Board Changes - The supervisory board will no longer be established, and supervisors Xie Jianliang, Jin Yu, and Zhu Xuejun will no longer serve as supervisors but will continue in other roles within the company [3] - Xie Jianliang indirectly holds 200,000 shares, while Jin Yu does not hold any shares, and Zhu Xuejun indirectly holds 50,000 shares [3] Senior Management Changes - Senior executive Wu Guozhong will no longer serve as the deputy general manager due to the expiration of the second board's term [4] - Wu Guozhong indirectly holds 511,488 shares and an additional 262,656 shares through the same consulting partnership [4] - The company expresses gratitude for the contributions made by the departing directors and supervisors during their tenure [4]

苏州万祥科技股份有限公司 重大事项内部报告制度 苏州万祥科技股份有限公司 重大事项内部报告制度 第一章 总则 第一条 为规范苏州万祥科技股份有限公司（以下简称"公司"）的重大事项 内部报告工作的管理，保证公司内部重大事项的快速传递、归集和有效管理，及 时、准确、全面、完整地披露事项，明确公司各部门、各子公司及有关人员重大 事项内部报告的程序和职责，维护投资者的合法权益。根据《中华民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司信息披露管理办法》《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 2 号——创业板上市公司规范运作》等有关法 律、法规、规章、规范性文件和《苏州万祥科技股份有限公司章程》（以下简称 "《公司章程》"）的有关规定，结合公司实际情况，制定本制度。 第二条 重大事项内部报告制度是指当出现、发生或即将发生可能对公司股 票及其衍生品种交易价格产生较大影响的情形或事件时，按照本制度规定负有报 告义务的单位、部门和人员，应当在第一时间将相关信息向公司责任领导、董事 会秘书、董事长进行报告，确保董事会秘书第一时间 ...

本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 苏州万祥科技股份有限公司（以下简称"万祥科技"、"公司"）第二届董事 会任期即将届满，根据《公司法》《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 2 号——创业板上市公司规范运作》以 及《公司章程》等规定，公司按照相关法律程序进行董事会换届选举。 公司于 2025 年 10 月 17 日召开职工代表大会，全体与会职工代表一致同意 选举沈梦娜女士为公司第三届董事会职工代表董事（简历详见附件）。 证券代码：301180 证券简称：万祥科技 公告编号：2025-039 苏州万祥科技股份有限公司 关于选举第三届董事会职工代表董事的公告 苏州万祥科技股份有限公司 董 事 会 2025 年 10 月 18 日 附件：沈梦娜女士简历 沈梦娜，1987 年 11 月生，中国国籍，无永久境外居留权，硕士学历，工 商管理专业。2013 年 7 月-2019 年 12 月，任职于苏州通富超威半导体有限公司 财务部；2019 年 12 月至今，任苏州万祥科技股份有限公司财务经理。 沈梦娜女士与其他持有公司 ...