Revenue and Profitability - The company's revenue for the third quarter reached ¥131,635,839.32, representing a year-on-year increase of 52.47%[5] - Net profit attributable to shareholders decreased by 17.32% to ¥9,423,037.59, while the year-to-date net profit dropped by 56.46% to ¥16,523,162.52[5] - The basic earnings per share for the quarter was ¥0.1290, down 17.01% compared to the same period last year[5] - Total operating revenue for the current period reached ¥287,496,061.08, an increase of 3.25% compared to ¥277,593,857.27 in the previous period[18] - Net profit for the current period was ¥15,926,920.67, a decrease of 57.53% from ¥37,536,786.94 in the previous period[19] - Earnings per share (EPS) for the current period was ¥0.2263, down from ¥0.5176 in the previous period[19] - The total comprehensive income for the current period was ¥15,926,920.67, down from ¥37,536,786.94 in the previous period[19] Assets and Liabilities - Total assets increased by 9.03% to ¥1,843,763,983.45 compared to the end of the previous year[5] - Total assets increased to ¥1,843,763,983.45, compared to ¥1,691,031,233.85 in the previous period, reflecting a growth of 9.05%[17] - Total liabilities rose to ¥215,428,276.29, up from ¥71,453,774.84 in the previous period, indicating a significant increase[17] - Total equity attributable to shareholders of the parent company was ¥1,618,324,573.50, slightly up from ¥1,609,970,083.50 in the previous period[16] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of ¥66,333,448.47, a decrease of 179.10% year-to-date[5] - Operating cash flow net amount decreased to -$66.33 million from $83.86 million in the previous period, indicating a significant decline in operational performance[21] - Cash received from sales of goods and services decreased by 39.17% to ¥119,986,710.39, primarily due to an increase in accounts receivable[9] - Cash received from sales of goods and services was $119.99 million, down from $197.25 million, indicating a decline of about 39.2%[21] - Cash inflow from investment activities totaled $1.99 billion, slightly down from $2.05 billion, while cash outflow decreased to $1.77 billion from $2.63 billion, resulting in a net cash flow from investment activities of $229.85 million[21] - Financing activities generated a cash inflow of $1 million, down from $10 million, with cash outflow increasing to $100.19 million from $29.99 million, leading to a net cash flow from financing activities of -$99.19 million[22] - The total cash and cash equivalents at the end of the period amounted to $134.26 million, compared to $193.00 million in the previous period, reflecting a decrease of approximately 30.4%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,548[11] - The largest shareholder, Gu Ting, holds 34.11% of shares, totaling 25,012,500 shares[11] - The number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with Gu Ting and Gu Ren together holding over 51%[11] - The company has a total of 0.52% of its shares repurchased through a dedicated securities account[12] Expenses and Investments - The company reported a 31.23% increase in management expenses, totaling ¥18,498,261.24, mainly due to higher personnel costs[9] - Research and development expenses for the current period were ¥20,299,985.93, an increase of 21.06% from ¥16,640,773.03 in the previous period[18] - The company reported an investment income of ¥18,662,564.16, compared to ¥14,549,518.96 in the previous period, marking a growth of 28.93%[18] - The company has invested in construction projects, with construction in progress valued at ¥85,488,130.18, up from ¥10,145,803.57[15] Accounts Receivable and Cash Management - Accounts receivable rose by 142.10% to ¥121,162,692.69, attributed to increased sales in the third quarter[8] - Accounts receivable rose to ¥121,162,692.69 from ¥50,047,439.93, indicating an increase of about 142%[15] - Cash received from tax refunds increased significantly to $12.43 million from $2.24 million, showing a growth of approximately 454.5%[21] - Cash paid for purchasing goods and services rose to $120.51 million from $50.97 million, marking an increase of about 136.3%[21] - Cash paid to employees increased to $56.88 million from $48.71 million, reflecting a rise of approximately 16.5%[21] Audit and Reliability - The financial report for the third quarter was not audited, which may affect the reliability of the reported figures[23]

Core Viewpoint - The financial performance of Xiechang Technology shows a decline in revenue and net profit, indicating potential challenges ahead for the company [2]. Financing Summary - On September 23, Xiechang Technology experienced a financing buy-in of 4.05 million yuan, with a net financing outflow of -1.16 million yuan, resulting in a total financing balance of 120 million yuan, which accounts for 10.56% of its market capitalization [1]. - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - There were no short-selling activities on September 23, with a short-selling balance of 0, also reflecting a high percentile level over the past year [1]. Financial Performance - For the first half of 2025, Xiechang Technology reported a revenue of 156 million yuan, a year-on-year decrease of 18.51%, and a net profit attributable to shareholders of 7.1 million yuan, down 73.26% year-on-year [2]. - As of June 30, 2025, the number of shareholders decreased by 5.46% to 9,578, while the average circulating shares per person increased by 5.77% to 3,073 shares [2]. Dividend and Shareholding - Since its A-share listing, Xiechang Technology has distributed a total of 24.85 million yuan in dividends [3]. - As of June 30, 2025, the eighth largest circulating shareholder is Baodao Growth Zhihang Stock A, holding 259,300 shares as a new shareholder [3].

Core Viewpoint - The announcement from Xiechang Technology (301418) indicates the election of Ms. Zhou Hua as the employee director of the company's fourth board of directors during the employee representative meeting held on September 12, 2025 [1] Group 1 - The employee representative meeting was held on the afternoon of September 12, 2025 [1] - Ms. Zhou Hua was elected as the employee director [1]

北京植德（上海）律师事务所 关于江苏协昌电子科技集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 植德沪（会）字[2025]0038 号 北京植德（上海）律师事务所（以下简称"本所"）接受贵公司的委托，指 派律师出席并见证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 北京植德（上海）律师事务所 关于江苏协昌电子科技集团股份有限公司 2025 年第一次临时股东大会的 法律意见书 植德沪（会）字[2025]0038 号 致：江苏协昌电子科技集团股份有限公司（贵公司） 二〇二五年九月 上海市徐汇区虹桥路 183 号徐家汇中心三期 A 座办公楼 27 层（THREE itc） 邮编：200030 27th Floor Tower A, THREE itc, No.183 Hongqiao Road, Xuhui District, Shanghai 200030 P.R.C 电话(Tel)：021-52533500 传真(Fax)：021-52533599 www.meritsandtree.com 本所律师参加本次会议进行见证，并根据《中华人民共和国公司法》（以下 简称"《公司法》 ...

证券代码：301418 证券简称：协昌科技 公告编号：2025-031 江苏协昌电子科技集团股份有限公司 周华女士符合《公司法》《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》《公司章程》规定的有关职工董事任职资格。 周华女士担任公司职工董事后，公司第四届董事会中兼任公司高级管理人员的 董事以及由职工代表担任的董事人数总计未超过董事总数的二分之一，符合相 关法律法规的要求。 二、备查文件 1、江苏协昌电子科技集团股份有限公司第二届第七次职工代表大会决议。 特此公告。 江苏协昌电子科技集团股份有限公司 董事会 2025 年 9 月 12 日 关于选举董事会职工董事的公告 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。 一、选举职工董事情况 江苏协昌电子科技集团股份有限公司（以下简称"公司"）于2025 年8 月25 日召开的第四届董事会第十一次会议审议通过了《关于修订<公司章程> 并办理工商变更登记的议案》，该议案已经2025年第一次临时股东大会审议通 过。 根据公司新修订的《公司章程》第一百零九条的规定"公司设董事会，董 事会由九名董 ...

2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、 误导性陈述或重大遗漏。 特别提示： 1. 本次股东大会未出现否决议案的情形。 2. 本次股东大会不涉及变更以往股东大会已通过的决议的情况。 一、会议召开和出席情况 1. 会议召开时间： 证券代码：301418 证券简称：协昌科技 公告编号：2025-030 江苏协昌电子科技集团股份有限公司 （1）现场会议召开时间：2025 年9月 12 日（星期五）下午 14:30 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 9月 12 日上午即 9:15-9:25 ，9:30-11:30，下午 13:00-15:00；通 过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025 年9月 12 日 9:15-15:00 期间的任意时间。 2. 会议召集人：公司董事会； 3. 会议主持人：公司董事长顾挺先生； 4. 现场会议召开地点：江苏协昌电子科技集团股份有限公司 1 号楼 1321会 议室； 5. 会议召开方式：本次股东大会采取现场会议与网络投票相结合的方式。 ...

Core Insights - The company Xiechang Technology has clarified its product applications in response to investor inquiries, highlighting its focus on electric vehicles and related sectors [2] Group 1: Product Applications - The company's motion controller products are primarily used in electric bicycles, electric light motorcycles, electric motorcycles, and electric tricycles [2] - The downstream applications of the company's power chip products include electric vehicles, power tools, consumer electronics, and household appliances [2]

Group 1 - The company will continue to monitor the development trends in the semiconductor industry [2] - The company plans to increase R&D investment based on actual conditions [2] - The goal is to enhance the company's technological capabilities and market competitiveness [2]

Core Viewpoint - The company, Xiechang Technology, focuses on the application of its motion controller products in various electric vehicle sectors, indicating a strong market presence in the electric mobility industry [1] Group 1: Product Applications - The motion controller products are primarily used in electric bicycles, electric scooters, electric motorcycles, and electric tricycles [1] - The power chip products have downstream applications in electric vehicles, power tools, consumer electronics, and household appliances [1]

Core Insights - The company reported a revenue of 156 million yuan for the first half of 2025, representing a year-on-year decline of 18.51% [1] - The net profit attributable to shareholders was 7.1 million yuan, down 73.26% year-on-year [1] - The net profit after excluding non-recurring gains and losses was -5.89 million yuan [1] - The basic earnings per share stood at 0.0972 yuan [1]