Core Viewpoint - Nanwang Technology, established in May 2010 and listed on the Shenzhen Stock Exchange in June 2023, is a significant player in the domestic paper packaging industry, focusing on the research, development, and manufacturing of eco-friendly paper bags and food packaging [1] Group 1: Business Performance - For Q3 2025, Nanwang Technology reported revenue of 1.305 billion yuan, ranking 8th among 21 companies in the industry, with the industry leader, Yutong Technology, generating 12.601 billion yuan [2] - The main business composition includes food packaging at 281 million yuan (36.20%), eco-friendly paper bags at 272 million yuan (35.01%), non-woven bags at 194 million yuan (24.96%), labels at 20.5592 million yuan (2.65%), and others at 9.2137 million yuan (1.19%) [2] - The net profit for the same period was 2.9153 million yuan, ranking 16th in the industry, with the top performer, Yutong Technology, achieving a net profit of 1.161 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Nanwang Technology's debt-to-asset ratio was 41.70%, higher than the previous year's 34.17% and above the industry average of 35.30% [3] - The gross profit margin for the period was 12.92%, down from 15.49% year-on-year and below the industry average of 21.53% [3] Group 3: Management and Shareholder Information - The chairman, Chen Kaisheng, received a salary of 1.041 million yuan in 2024, an increase of 27,600 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 4.02% to 13,100, while the average number of circulating A-shares held per account increased by 4.18% to 7,635.28 [5]

Core Viewpoint - Nanwang Technology (301355.SZ) reported a decrease in institutional ownership in its third-quarter report for 2025, with a total of 6 institutional investors holding 54.84 million shares, representing 28.11% of the total share capital, down by 1.85 percentage points from the previous quarter [1] Institutional Ownership - As of October 29, 2025, institutional investors collectively held 54.84 million shares of Nanwang Technology, accounting for 28.11% of the total share capital [1] - The institutional investors include Huian Huaying Investment Center (Limited Partnership), Huian Chuanghui Investment Center (Limited Partnership), Jinjiang Yongrui Investment Partnership (Limited Partnership), Huian Zhonghui Investment Center (Limited Partnership), Jinjiang Yongyue Investment Partnership (Limited Partnership), and China Construction Bank Co., Ltd. - Nuoan Multi-Strategy Mixed Securities Investment Fund [1] - Compared to the previous quarter, the total institutional ownership percentage decreased by 1.85 percentage points [1] Public Fund Holdings - One public fund, Nuoan Multi-Strategy Mixed A, increased its holdings during this period, with an increase percentage of 0.26% [1] - A total of 30 public funds that were previously disclosed did not report their holdings this quarter, including CITIC Prudential Multi-Strategy Mixed (LOF) A, Guojin Quantitative Multi-Factor A, CITIC Prudential Economic Preferred Mixed A, Jianxin Flexible Allocation Mixed A, and Guojin Quantitative Selected A [1]

Core Viewpoint - Nanwang Technology (301355.SZ) reported a significant increase in revenue for the first three quarters of 2025, but experienced a substantial decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.305 billion yuan, representing a year-on-year growth of 31.96% [1] - The net profit attributable to shareholders of the listed company was 7.8587 million yuan, showing a year-on-year decrease of 79.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.8639 million yuan, down 80.73% year-on-year [1] - Basic earnings per share stood at 0.04 yuan [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥528,026,517.24, representing a year-on-year increase of 31.58%[5] - The net profit attributable to shareholders decreased by 65.67% to ¥5,531,661.86, while the net profit excluding non-recurring gains and losses fell by 70.06% to ¥4,084,497.74[5] - Basic and diluted earnings per share were both ¥0.03, down 62.50% compared to the same period last year[5] - The company reported a year-to-date net profit attributable to shareholders of ¥7,858,732.98, down 79.40% year-on-year[5] - The company's net profit for the current period is CNY 2,915,332.75, compared to CNY 34,665,969.18 in the previous period, indicating a significant decrease[21] - Operating income for the current period is CNY -1,832,506.95, while the previous period reported CNY 34,846,072.23, reflecting a substantial decline[21] - Total comprehensive income for the current period is CNY 3,233,657.27, down from CNY 35,889,999.42 in the previous period[21] - The company reported a basic and diluted earnings per share of CNY 0.04, compared to CNY 0.2 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,699,710,639.27, an increase of 4.49% from the end of the previous year[5] - The company reported a significant increase in accounts receivable, rising to ¥293,487,047.32 from ¥245,252,800.86, reflecting a growth of 19.6%[16] - Cash and cash equivalents decreased to ¥252,322,135.79 from ¥299,646,650.57, a decline of 15.8%[16] - Non-current assets totaled ¥1,732,244,702.73, an increase of 10.2% from ¥1,572,149,764.88 at the beginning of the period[17] - Total liabilities increased to ¥1,125,748,276.91, up 12.1% from ¥1,004,071,037.40[17] - The company's equity attributable to shareholders decreased slightly to ¥1,507,757,747.32 from ¥1,523,819,270.19, a decline of 1.1%[17] Cash Flow - The company's net cash flow from operating activities for the year-to-date was ¥85,796,675.28, reflecting a 9.60% increase[5] - Cash flow from operating activities increased to CNY 85,796,675.28 from CNY 78,280,882.35 year-over-year[23] - The company generated CNY 1,421,501,633.81 in cash from sales of goods and services, an increase from CNY 1,083,268,530.78 in the previous period[23] - Investment activities resulted in a net cash outflow of CNY -208,131,883.71, compared to CNY -44,138,496.70 in the previous period[23] - Financing activities produced a net cash inflow of CNY 75,696,731.42, up from CNY 19,287,861.25 year-over-year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,124[10] - The top 10 shareholders hold a total of 34,800,000 shares, with the largest shareholder, Chen Kaisheng, holding 34,800,000 shares, representing a significant portion of the company's equity[12] - The repurchase account holds 1,743,100 shares, accounting for 0.8934% of the total shares, ranking it as the 4th largest shareholder[11] - The company has a total of 96,017,500 shares under lock-up agreements, with 87,500 shares released during the current period[13] - The company has no changes in the number of shares held by the top 10 shareholders due to margin trading activities[12] - The company has a total of 5 shareholders holding more than 5% of the shares, indicating a concentrated ownership structure[12] - The company has no new restrictions on shares during the current period, maintaining the same number of locked shares as before[12] Operational Insights - The gross profit margin has declined, contributing to the decrease in net profit, alongside increased management expenses and depreciation costs[8] - Total operating revenue for the current period reached ¥1,304,695,961.92, an increase of 31.9% compared to ¥988,741,114.11 in the previous period[20] - Total operating costs amounted to ¥1,320,047,604.95, up 36.7% from ¥966,162,548.95 in the prior period[20] - Gross profit margin decreased, with operating costs representing approximately 101.2% of operating revenue in the current period[20] - Research and development expenses rose to ¥43,253,463.99, an increase of 32.6% compared to ¥32,605,334.25 in the previous period[20] - The company reported a net loss from asset impairment of ¥4,863,416.32, compared to a loss of ¥3,917,706.82 in the prior period[20] Future Outlook - The company’s financial report for the quarter ending September 30, 2025, is pending release, indicating ongoing financial assessments[15] - The company has not disclosed any new strategies or market expansions during the current reporting period[14] - The company’s future outlook remains stable with no significant changes in shareholder structure or financial guidance provided[14] - The company continues to focus on maintaining its current shareholder base without any new major investments or acquisitions announced[14]

证券代码：301355 证券简称：南王科技 公告编号：2025-062 福建南王环保科技股份有限公司 原经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋一层 变更后经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋 二、变更后的工商登记信息 名称：珠海市中粤纸杯容器有限公司 统一社会信用代码：914404006174974755 类型：有限责任公司（非自然人投资或控股的法人独资） 法定代表人：潘海群 成立日期：1990 年 12 月 28 日 关于全资子公司变更经营场所地址并完成工商变更登记的公告 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、误导性陈述或者重大遗漏。 福建南王环保科技股份有限公司的全资子公司珠海市中粤纸杯容器有限公 司因经营发展需要，将公司经营场所地址变更为：珠海市金湾区三灶镇定湾七 路 362 号 4 栋，并于近期完成工商变更登记手续，取得了珠海市金湾区市场监 督管理局换发的《营业执照》。具体情况如下： 一、经营场所地址变更情况 经营场所地址：珠海市金湾区三灶镇定湾七路 362 号 4 栋 三、备查文件 《珠海市中粤纸杯容器有限公司营业执照 ...

福建南王环保科技股份有限公司 第三届董事会第二十六次会议决议公告 证券代码：301355 证券简称：南王科技 公告编号：2025-058 （一）审议通过《关于向 2025 年限制性股票激励计划激励对象首次授予限 制性股票的议案》 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 福建南王环保科技股份有限公司（以下简称"公司"）第三届董事会第二十 六次会议通知于 2025 年 10 月 16 日以通讯方式送达全体董事，并于 2025 年 10 月 20 日在公司会议室以现场结合通讯表决方式召开。会议应出席董事 7 名，实 际出席董事 7 名（其中以通讯表决方式出席会议的董事 7 名，陈凯声、黄国滨、 郑清勇、罗月庭、罗妙成、常晖、刘琳琳以通讯表决方式出席会议）。会议由董 事长陈凯声先生主持，监事会成员、董事会秘书及公司其他高管列席会议，会议 的召开符合《中华人民共和国公司法》等相关法律法规、部门规章、规范性文件 和《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事认真审议，并以记名投票方式表决，形成以下决议： 1、福建南王环保科技 ...

性股票的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示 证券代码：301355 证券简称：南王科技 公告编号：2025-060 福建南王环保科技股份有限公司 关于向 2025 年限制性股票激励计划激励对象首次授予限制 福建南王环保科技股份有限公司（以下简称"公司"）《福建南王环保科 技股份有限公司 2025 年限制性股票激励计划（草案）》（以下简称"《激励计 划（草案）》"或"本次激励计划"）规定的限制性股票首次授予条件已经成 就。根据公司 2025 年第二次临时股东大会的授权，公司于 2025 年 10 月 20 日 召开的第三届董事会第二十六次会议和第三届监事会第十六次会议，审议通过 了《关于向 2025 年限制性股票激励计划激励对象首次授予限制性股票的议案》， 确定 2025 年 10 月 20 日为首次授予日，以 7.90 元/股的授予价格向 85 名激励对 象首次授予 144.00 万股限制性股票。现将有关事项说明如下： 一、本次激励计划简述 公司于 2025 年 9 月 11 日召开 2025 年第二次临时股东大会，审议通过了 ...

证券代码：301355 证券简称：南王科技 公告编号：2025-061 福建南王环保科技股份有限公司 董事会薪酬与考核委员会与监事会 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》 （以下简称"《管理办法》"）、《深圳证券交易所创业板股票上市规则》《深 圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》及《福建南王 环保科技股份有限公司章程》（以下简称"《公司章程》"）等法律、法规、规 范性文件的规定，福建南王环保科技股份有限公司（以下简称"公司"）董事会 薪酬与考核委员会与监事会对公司 2025 年限制性股票激励计划（草案）（以下 简称"《激励计划（草案）》"或"本次激励计划"）首次授予激励对象名单进 行了核实并发表意见如下： 一、本次激励计划拟激励对象均不存在《管理办法》第八条规定的不得成为 激励对象的下列情形： （一）最近 12 个月内被证券交易所认定为不适当人选； （二）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （三）最近 12 个月内因重大违法违规行为被中国证监会及其派出机构行 ...

证券代码：301355 证券简称：南王科技 公告编号：2025-059 监事会认为：根据《上市公司股权激励管理办法》及公司《2025 年限制性 股票激励计划（草案）》的相关规定以及公司 2025 年第二次临时股东大会的授 权，监事会认为本次激励计划规定的授予条件已经成就，同意以 2025 年 10 月 20 日为首次授予日，以 7.90 元/股的授予价格向 85 名激励对象首次授予 144.00 万股限制性股票。 表决结果：赞成 3 票、反对 0 票、弃权 0 票。 具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）披露的《关于向 2025 年限制性股票激励计划激励对象首次授予限制性股票的公告》。 福建南王环保科技股份有限公司 第三届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，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 福建南王环保科技股份有限公司（以下简称"公司"）第三届监事会第十六 次会议于 2025 年 10 月 20 日在公司会议室召开。会议通知于 2025 年 10 月 16 日通过通讯的方式送达各位监事。本次会议由监 ...

福建南王环保科技股份有限公司 2025 年限制性股票激励计划 首次授予激励对象名单（首次授予日） 注：1、上述任何一名激励对象通过全部有效的股权激励计划获授的本公司股票均未超 过公司总股本的 1%。公司全部有效的激励计划所涉及的标的股票总数累计不超过股权激 励计划提交股东大会时公司股本总额的 20%。 一、2025 年限制性股票激励计划首次授予分配情况表 姓名 国籍 职务 获授的限制性 股票数量 （万股） 占首次授予 限制性股票 总数的比例 占本激励计 划公告日股 本总额的比 例 郑清勇 中国 董事、财务总监 10.00 5.64% 0.05% 刘莺莺 中国 副总经理、董事会 秘书 1.00 0.56% 0.01% 中层管理人员、核心技术（业务） 骨干（83 人） 133.00 75.00% 0.68% 预留部分 33.31 18.79% 0.17% 合计 177.31 100.00% 0.91% | | | 技术（业务）骨干 | | | 技术（业务）骨干 | | --- | --- | --- | --- | --- | --- | | 4 | 黄韬 | 中层管理人员、核心 | 46 | 王舒含 | 中层管 ...