Core Viewpoint - Q3 2025 financial report of Qiaoyuan Co., Ltd. shows significant growth in revenue and net profit, indicating strong operational performance and market demand for high-purity gases [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 797 million yuan, a year-on-year increase of 8.75% - The net profit attributable to shareholders reached 181 million yuan, up 40.54% year-on-year - The net cash flow from operating activities was 152 million yuan, reflecting a growth of 16.01% - In Q3 alone, the company reported a revenue of 267 million yuan, a 5.57% increase year-on-year, and a net profit of 63 million yuan, which is a 16.88% increase year-on-year [1]. Business Operations - Qiaoyuan Co., Ltd. specializes in the research, production, sales, and service of high-purity gases, with a comprehensive supply and service network established over 20 years - The product range includes high-purity oxygen, nitrogen, argon, medical oxygen, food nitrogen, industrial oxygen, carbon dioxide, hydrogen, various electronic gases, and mixed gases, catering to traditional industries like metallurgy and emerging sectors such as new energy and biomedicine [1][2]. Production Capacity and Expansion - In Sichuan, the company operates the largest liquid air separation gas production line in Southwest China, with multiple production bases including Dujiangyan, Wenchuan, Meishan, Jintang, and Deyang - In Fujian, the company has two air separation gas production lines with capacities of 25,000 Nm³/h and 40,000 Nm³/h respectively - The company is actively expanding production capacity in Jintang and Pengzhou, focusing on high-purity electronic gases, medical gases, and rare gases to meet the growing demand in high-end markets [2]. Strategic Investments - In August 2025, Qiaoyuan Co., Ltd. signed an investment cooperation agreement to invest 302 million yuan in building a specialty gas production base in Chengdu's new materials industrial park - This project is expected to add over 80,000 tons of specialty gas production capacity annually, including electronic-grade and medical-grade carbon dioxide [2].

Core Viewpoint - Q3 2025 report of Qiaoyuan Co., Ltd. (301286.SZ) indicates a decline in institutional ownership, with a total of 3 institutional investors holding 2.5475 million shares, representing 0.64% of total shares, down by 1.31 percentage points from the previous quarter [1] Institutional Investors - Three institutional investors disclosed holdings in Qiaoyuan Co., Ltd., including Shanghai Panyao Asset Management Co., Ltd., Hong Kong Central Clearing Limited, and Morgan Stanley & Co. International PLC [1] - The total institutional ownership decreased by 1.31 percentage points compared to the previous quarter [1] Public Funds - A total of 28 public funds were not disclosed in this quarter compared to the previous one, including notable funds such as Huaxia Zhisheng Value Growth Stock A and Bosera Chengyu Economic Circle ETF [1] Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings slightly compared to the previous quarter [1] - A new foreign institution, Morgan Stanley & Co. International PLC, disclosed its holdings this quarter [1]

Core Insights - The company reported a revenue of 267,243,622.23 yuan for the third quarter of 2025, reflecting a year-on-year growth of 5.57% [2] - The net profit attributable to shareholders of the listed company was 63,435,658.83 yuan, showing a year-on-year increase of 16.88% [2] Financial Performance - Revenue for Q3 2025: 267.24 million yuan, up 5.57% year-on-year [2] - Net profit for Q3 2025: 63.44 million yuan, up 16.88% year-on-year [2]

Core Insights - Sichuan Qiaoyuan Gas Co., Ltd. reported a revenue of 797 million yuan for the first three quarters of 2025, representing an 8.75% year-on-year increase, and a net profit of 181 million yuan, up 40.54% year-on-year [1] - In Q3 alone, the company achieved a revenue of 267 million yuan, a 5.57% increase year-on-year, and a net profit of approximately 63.44 million yuan, reflecting a 16.88% growth year-on-year [1] Group 1: Company Overview - Established in 2002, the company specializes in the production and sales of industrial gases, with a comprehensive supply and service network covering various gas types including high-purity oxygen, nitrogen, argon, medical oxygen, and carbon dioxide [1] - The company serves traditional industries such as metallurgy and chemicals, as well as emerging sectors like new energy, semiconductors, and biomedicine [1] Group 2: Market Position and Strategy - The diverse range of gas products allows the company to serve multiple industries, helping to mitigate market risks and providing stable revenue sources [2] - The company has the largest liquid air separation gas production line in Southwest China and is expanding its production capacity with new bases in Meishan, Jintang, and Deyang [2] - A recent investment of 302 million yuan will establish a special gas production base in Chengdu, expected to add over 80,000 tons of specialty gas capacity annually [2] Group 3: Industry Trends and Future Prospects - The company is strategically positioned to serve both traditional and emerging industries, creating a dual-driven development model [3] - In the military sector, the company focuses on the research and production of high-purity, high-reliability specialty gases, supporting national high-end manufacturing and supply chain initiatives [3] - The company has already supplied products to key units in aerospace, nuclear industry, and other critical sectors [3]

Core Insights - Q3 report of Qiaoyuan Co., Ltd. (301286.SZ) shows a revenue of 797 million yuan for the first three quarters, representing a year-on-year growth of 8.75% [1] - The net profit attributable to shareholders of the listed company reached 180 million yuan, marking a year-on-year increase of 40.54% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 170 million yuan, reflecting a year-on-year growth of 39.19% [1]

Group 1 - Sanwang Communication plans to repurchase shares worth 20-40 million yuan for employee stock incentive plans [1] - Ankrui reported a net profit of 192 million yuan for the first three quarters, a year-on-year increase of 21.31% [1] - Taishan Petroleum's net profit for the first three quarters reached 113 million yuan, up 112.32% year-on-year [1] - Zhejiang Xiantong achieved a net profit of 152 million yuan for the first three quarters, a 17.4% increase year-on-year [1] Group 2 - Xuanji Information reported a net loss of 173 million yuan for the first three quarters [1] - Mailande's net profit slightly decreased by 0.07% to 96 million yuan for the first three quarters [1] - Tengjing Technology's subsidiary received a sales order worth 87.61 million yuan [1] Group 3 - Hotgen Biotech's affiliate achieved positive results in Phase Ib clinical trials for the innovative drug SGC001 [1] - Zhongyan Dadi won a bid for a sports project in Beijing worth 74.04 million yuan [1] - Henghui Security's net profit decreased by 12.85% to 81.98 million yuan for the first three quarters [1] Group 4 - Xiongdi Technology's net profit increased by 71.16% to 18.38 million yuan for the first three quarters [1] - Meilixin reported a net loss of 215 million yuan for the first three quarters [1] - Haichen Pharmaceutical's net profit grew by 16.22% to 32.68 million yuan for the first three quarters [1] Group 5 - Qiaoyuan Co. reported a net profit of 181 million yuan for the first three quarters, a 40.54% increase year-on-year [1] - Fuda Co. achieved a net profit of 221 million yuan for the first three quarters, up 83.27% year-on-year [1] - Xianggang Technology's net profit surged by 186.19% to 95.47 million yuan for the first three quarters [1] Group 6 - ST Nanchuan received a restriction order from the court due to a financial dispute [1] - Changyou Technology announced the dismissal of two vice presidents [1] - Haoyuan Automotive received a project confirmation for an automatic parking system worth 576 million yuan [1] Group 7 - Jiuzhou Biotech obtained a medical device registration certificate for a diagnostic kit [1] - Shihua Machinery signed an investment intention letter for a subsidiary's capital increase [1] - Zhuhai Mian Group plans to transfer 100% equity of Gree Real Estate [1] Group 8 - Dalian Heavy Industry reported a net profit of 490 million yuan for the first three quarters, a 23.97% increase year-on-year [1] - Haimeng Data reported a net loss of 75.43 million yuan for the first three quarters [1] - Feilong Co. achieved a net profit of 287 million yuan for the first three quarters, a 7.54% increase year-on-year [1] Group 9 - Kaipu Testing reported a net profit of 57.84 million yuan for the first three quarters, a 3.34% increase year-on-year [1] - Ganyue Express signed a strategic cooperation agreement with a major energy company [1] - Tuoshan Heavy Industry's controlling shareholder plans to reduce its stake by 2.82% [1] Group 10 - Yiatong's shareholder plans to reduce its stake by 1% [1] - Weishi Electronics reported a net profit of 24.29 million yuan for the first three quarters, a 22.59% decrease year-on-year [1] - Shensi Electronics won a bid for a data space construction project worth 161 million yuan [1] Group 11 - Xiechuang Data plans to purchase server assets worth up to 4 billion yuan [1] - Shandong Express's controlling shareholder plans to transfer 7% of its shares [1] - ST Huapeng's subsidiary received a government subsidy of 4.65 million yuan [1] Group 12 - Jieqiang Equipment's shareholder plans to reduce its stake by 1% [1] - China Jushi reported a net profit of 2.568 billion yuan for the first three quarters, a 67.51% increase year-on-year [1] - ST Fanli reported a net loss of 44.78 million yuan for the first three quarters [1] Group 13 - Xiyu Tourism reported a net profit of 98.58 million yuan for the first three quarters, a 14.51% decrease year-on-year [1] - Abison reported a net profit of 185 million yuan for the first three quarters, a 57.33% increase year-on-year [1] - Huayan Precision reported a net profit of 70.76 million yuan for the first three quarters, a 31.07% increase year-on-year [1] Group 14 - Jiangling Motors reported a net profit of 74.9 million yuan for the first three quarters, a 35.76% decrease year-on-year [1]

Core Insights - Q3 2025 report indicates that the company achieved a revenue of 797 million yuan, reflecting a year-on-year growth of 8.75% [1] - The net profit attributable to shareholders reached 181 million yuan, marking a significant year-on-year increase of 40.54% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 172 million yuan, which is a year-on-year growth of 39.19% [1] - Basic earnings per share stood at 0.4561 yuan [1]

四川侨源气体股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召开第五届董事会第十八次会议，审议通过《关于公司<2025 年第三季 度报告>全文的议案》。 为使投资者全面了解公司 2025 年第三季度的经营成果和财务状况， 公司《2025 年第三季度报告》于 2025 年 10 月 23 日在中国证监会指定的 创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上进行披露， 敬请广大投资者注意查阅。 特此公告。 四川侨源气体股份有限公司董事会 证券代码：301286 证券简称：侨源股份 公告编号：2025-055 四川侨源气体股份有限公司 2025 年第三季度报告披露提示性公告 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、误导性陈述或者重大遗漏。 2025 年 10 月 23 日 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥267,243,622.23, an increase of 5.57% compared to the same period last year[5] - Net profit attributable to shareholders was ¥63,435,658.83, reflecting a growth of 16.88% year-over-year[5] - The basic earnings per share increased by 17.91% to ¥0.16, while diluted earnings per share also rose by 17.91% to ¥0.16[5] - Total operating revenue for the period reached ¥796,556,712.79, an increase of 8.8% compared to ¥732,456,691.45 in the previous period[25] - The net profit attributable to the parent company increased to ¥888,191,344.80, up from ¥739,061,190.50, reflecting a growth of 20.2%[24] - The net profit for the current period is CNY 180,855,945.82, an increase of 40.5% compared to CNY 128,688,397.69 in the previous period[26] - Operating profit for the current period is CNY 228,209,785.57, up from CNY 162,493,208.92, reflecting a growth of 40.4%[26] - The total comprehensive income attributable to the parent company was CNY 180,855,945.82, compared to CNY 128,688,397.69 in the previous period, reflecting a growth of 40.5%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,076,236,521.21, representing a 3.97% increase from the end of the previous year[5] - Total assets increased to ¥2,076,236,521.21 from ¥1,996,863,826.20, representing a growth of 4.0%[24] - Total liabilities decreased to ¥166,026,566.56 from ¥243,774,966.22, a reduction of 31.9%[24] - The company's inventory stood at ¥48,943,178.13, slightly up from ¥47,728,874.40, indicating a 2.5% increase[22] Cash Flow - The company reported a net cash flow from operating activities of ¥152,242,578.65, which is a 16.01% increase compared to the same period last year[13] - Cash flow from operating activities generated a net amount of CNY 152,242,578.65, compared to CNY 131,228,129.52 in the previous period, indicating an increase of 16%[27] - The company experienced a net cash outflow from financing activities of CNY 97,445,088.75, an improvement from a net outflow of CNY 167,122,303.00 in the previous period[28] - The company reported cash inflow from investment activities of CNY 483,863,481.74, significantly higher than CNY 354,886.01 in the previous period[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,499[14] - The largest shareholder, Qiao Zhiyong, holds 71.10% of the shares, totaling 284,471,100 shares[14] - The second-largest shareholder, Qiao Kun, holds 8.37% of the shares, totaling 33,488,370 shares[14] - Qiao Zhiyong's locked shares amount to 213,353,325, which are subject to annual release of 25% starting from June 14, 2025[16] - The total number of restricted shares at the beginning of the period was 360,375,000, with 360,090,000 remaining at the end of the period[17] - The company has not disclosed any other significant shareholder relationships or actions beyond those mentioned[15] Research and Development - Research and development expenses decreased by 57.02% to ¥194,474.22, attributed to a reduction in R&D personnel[11] - Research and development expenses were recorded at ¥194,474.22, down from ¥452,435.99, showing a decrease of 57.1%[25] Other Income and Investments - Other income surged by 116.87% to ¥11,276,657.41, primarily due to increased government subsidies received during the period[11] - Investment income rose significantly by 708.96% to ¥682,558.23, driven by higher returns from bank financial products[11] - The company plans to invest in an electronic-grade medical special gas production base in Chengdu, with the investment cooperation agreement approved on August 4, 2025[18] - The company has completed the business registration for its subsidiaries involved in the investment project as of September 9, 2025[18] - The company decided to terminate the equity acquisition of Deyang Hongchen Chemical Co., Ltd. due to strategic reasons[19] Audit and Compliance - The company has not undergone an audit for the third quarter financial report[29]

Core Viewpoint - Qiaoyuan Co., Ltd. is a comprehensive gas supplier focused on the research, production, sales, and service of high-purity gases, with a fully controlled production capability from air separation to product delivery [1] Group 1: Company Overview - The company specializes in high-purity gases, including high-purity oxygen, high-purity nitrogen, high-purity argon, medical oxygen, food nitrogen, and industrial oxygen [1] - The core products and technologies of the company are independently controllable and do not rely on external manufacturers [1]