Financial Performance - In Q3 2025, the company achieved a revenue of 249 million CNY, a year-on-year increase of 10.19% [2] - The net profit for Q3 2025 was 43 million CNY, reflecting a year-on-year growth of 21.39% [2] - For the first nine months of 2025, total revenue reached 728 million CNY, up 23.43% year-on-year, with a net profit of 137 million CNY, an 18.82% increase [2] Customer and Market Insights - The revenue from the largest customer in Q3 2025 decreased compared to the previous quarter [3] - Revenue from the automotive sector accounted for approximately 69% of total revenue in Q3 2025, with a year-on-year growth of 33% in the first nine months [3][4] - Domestic sales showed a 1% increase compared to Q2 2025, while overall sales remained stable [3] Production and Capacity - Domestic production capacity is concentrated in Dongguan, Jiangmen, and Suzhou, with high equipment utilization rates [4] - A new factory project in Dongguan is underway, covering nearly 7,000 square meters, expected to be operational by mid-2026 [4] - The Mexican facility is operational, while the Moroccan and Vietnamese factories are not expected to commence operations in the short term [4] Strategic Decisions - The company’s production layout is designed to meet the Just-In-Time (JIT) inventory management needs of the automotive industry, enhancing delivery efficiency and reducing logistics costs [4] - The company’s pricing strategy focuses on reasonable pricing through communication with clients, avoiding price wars with competitors [4] Research and Development - The company is developing tendon ropes and protective tubes for humanoid robots, currently in the testing phase [5] - The total investment for the Vietnamese subsidiary is planned to be no more than 900,000 USD, with a factory area of approximately 5,000-6,000 square meters [5] Risk Awareness - The company acknowledges that fluctuations in raw material prices, which account for about 65% of the main business costs, can impact gross margins [4] - Investors are advised to be aware of the risks associated with future plans and performance estimates, as these do not constitute binding commitments [5]

Group 1 - The core viewpoint of the news is that Jun Ding Da (301538.SZ) reported its Q3 2025 results, highlighting the institutional investor holdings and changes in share ownership [1] - As of October 27, 2025, a total of 9 institutional investors disclosed holdings in Jun Ding Da A-shares, with a combined holding of 11.4673 million shares, accounting for 14.63% of the total share capital [1] - The institutional investor holding ratio decreased by 0.43 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, there was an increase in holdings from one public fund, namely Guotai Valuation Advantage Mixed (LOF) A, with an increase in holding ratio of 2.41% [2] - A total of 64 public funds did not disclose their holdings in this period compared to the previous quarter, including funds such as Nuoan Pioneer Mixed A and Baodao Growth Smart Navigation Stock A [2]

Core Viewpoint - The company has disclosed its third-quarter financial report, emphasizing the accuracy and completeness of the information provided, and has made significant investments to support its international expansion strategy [2][3][4]. Financial Data - The third-quarter financial report has not been audited [3][17]. - The company has not made any adjustments or restatements to previous accounting data [3]. - There are no non-recurring profit and loss items reported [3]. Investment Activities - The company plans to increase its investment in Jiekafu (Mexico) by $4 million, bringing the total investment to $10 million, which will enhance the company's operational capabilities in Mexico [6][9]. - A new subsidiary, Jiekafu (Vietnam), is being planned to capitalize on market opportunities in Southeast Asia, although it is still in the registration phase [9]. Corporate Developments - The company celebrated the completion of the factory construction for its functional protective materials project in Dongguan, which is expected to be operational by mid-2026 [10]. - The Shandong subsidiary has officially commenced operations, enhancing the company's domestic market presence [11]. Regulatory Changes - The company has completed adjustments to its corporate governance structure, including changes to the supervisory board's powers and updates to its articles of association [12]. - The Chongqing and Wuhan branches have undergone changes in their business registration types to align with their operational status [13][14][15].

Core Viewpoint - Jun Ding Da (301538.SZ) reported a strong performance in the first three quarters of 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company's operating revenue for the first three quarters reached 728 million yuan, representing a year-on-year increase of 23.43% [1] - The net profit attributable to shareholders of the listed company was 137 million yuan, showing a year-on-year growth of 18.82% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 133 million yuan, reflecting a year-on-year increase of 19.45% [1] - Basic earnings per share stood at 1.7501 yuan [1]

Market Overview - The plastic sector increased by 0.84% on October 27, with Wanlong Magnetic Plastic leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Gainers in the Plastic Sector - Wanlong Weisi (603150) closed at 41.42, up 10.01% with a trading volume of 66,400 shares and a turnover of 269 million yuan [1] - Ningbo Color Masterbatch (301019) closed at 20.34, up 7.51% with a trading volume of 102,400 shares [1] - Jundingda (301538) closed at 86.50, up 6.16% with a trading volume of 33,000 shares [1] - Changhong High-Tech (605008) closed at 18.62, up 3.62% with a trading volume of 62,800 shares [1] - Foshan Plastics Technology (000973) closed at 7.75, up 3.47% with a trading volume of 515,200 shares [1] Market Capital Flow - The plastic sector experienced a net outflow of 263 million yuan from institutional investors, while retail investors saw a net inflow of 36.98 million yuan [2] - The overall market showed a mixed trend with significant individual stock movements [2] Individual Stock Capital Flow - Foshan Plastics Technology (000973) had a net outflow of 44.17 million yuan from institutional investors, while retail investors had a net outflow of 42.13 million yuan [3] - Wanlong Magnetic Plastic (603150) saw a net inflow of 39.34 million yuan from institutional investors, but a net outflow of 16.73 million yuan from retail investors [3] - Dongcai Technology (601208) had a net inflow of 38.08 million yuan from institutional investors, with a net outflow of 55.14 million yuan from retail investors [3]

Financial Performance - The company's revenue for Q3 2025 reached ¥249,090,839.58, representing a year-on-year increase of 10.19%[5] - Net profit attributable to shareholders for Q3 2025 was ¥42,623,620.94, up 21.39% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥41,478,304.77, reflecting a 22.08% increase year-on-year[5] - The company’s total revenue for the first nine months of 2025 was ¥727,650,478.44, a 23.43% increase compared to the same period in 2024[11] - Total operating revenue for the current period reached ¥727,650,478.44, an increase of 23.5% compared to ¥589,503,402.43 in the previous period[33] - Net profit for the current period was ¥137,205,293.35, representing a 18.8% increase from ¥115,473,912.27 in the previous period[34] - Basic and diluted earnings per share increased to ¥1.7501 from ¥1.5383, reflecting a growth of 13.7%[35] Cash Flow and Liquidity - The company reported a significant increase in cash flow from operating activities, with a net amount of ¥94,637,148.40, up 151.71% year-on-year[5] - The company's cash and cash equivalents increased significantly by 855.33% to ¥125,052,418.99 due to improved cash flow from operations[13] - Cash flow from operating activities generated a net amount of ¥94,637,148.40, significantly higher than ¥37,597,012.52 in the prior period[35] - Total cash and cash equivalents at the end of the period reached 234,076,009.18, up from 96,807,597.50 in the previous period[36] - The net increase in cash and cash equivalents was 125,052,418.99, compared to a decrease of 16,556,001.88 in the previous period[36] Assets and Liabilities - The total assets as of September 30, 2025, amounted to ¥1,606,272,797.01, a growth of 6.84% from the end of the previous year[5] - Total liabilities increased slightly to ¥233,623,500.84 from ¥234,438,517.83, showing a reduction of 0.3%[32] - The total liabilities increased, with accounts payable at approximately ¥89.64 million, up from ¥87.87 million, reflecting ongoing operational commitments[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,406[15] - Yang Fengkai and Yang Qiaoyun hold 30.80% and 29.37% of shares respectively, totaling 24,150,668 and 23,029,661 shares[15] - The top 10 shareholders account for significant ownership, with the largest shareholder holding 30.80%[15] - The company maintains a strong shareholder base with no significant changes in the ownership structure noted during the reporting period[15] Strategic Initiatives - The company plans to continue expanding its market presence in the automotive and engineering machinery sectors, leveraging its increased sales performance[11] - The company plans to increase its investment in Jiekafu (Mexico) by $4 million, bringing the total investment to $10 million, which will enhance its operational and market expansion capabilities[18] - The establishment of Jiekafu (Vietnam) is in preparation, aimed at leveraging market opportunities in Southeast Asia to enhance global competitiveness[19] - The Dongguan project has reached the construction milestone of topping out, with the factory expected to be operational by mid-2026[21] - The Shandong subsidiary has officially commenced operations, focusing on business expansion in the North China region, which will improve the company's domestic market responsiveness[23] Research and Development - Research and development expenses rose to ¥35,267,854.55, compared to ¥29,746,301.14 in the previous period, indicating a 18.5% increase[34] - New products and technologies are under development, although specific details were not disclosed in the provided content[16] Governance and Compliance - The company completed structural adjustments in its governance, enhancing operational compliance and governance standards[25] Other Financial Metrics - The company has seen a 441.69% increase in notes receivable, driven by revenue growth[10] - Inventory levels rose to approximately ¥163.09 million, up from ¥140.63 million, indicating a strategic buildup in stock[30] - Short-term borrowings were recorded at ¥31 million, marking the company's engagement in financing activities[30] - Cash inflow from financing activities totaled 53,472,508.05, a decrease from 510,973,317.01 in the prior period[36] - Cash outflow from financing activities was 60,682,979.81, down from 103,161,136.02 in the previous period[36] Audit Status - The third quarter financial report was not audited[37]

Core Viewpoint - The company, Jun Ding Da (301538.SZ), is currently in the testing and validation phase for its tendon products, with research and development progressing according to plan, but has not yet reached a significant milestone that requires disclosure [1] Group 1 - The tendon products are still undergoing testing and validation [1] - Research and development work is advancing as per the established schedule [1] - The projects under development are characterized by long R&D cycles and high uncertainty [1] Group 2 - The testing and validation process involves multiple technical calibrations and scenario adaptations [1] - Progress needs to be made gradually [1]

Core Viewpoint - The company emphasizes its commitment to international expansion as a key part of its development strategy, with ongoing projects in Mexico and Morocco, and plans to explore opportunities in Southeast Asia [1] Group 1: International Operations - The company has established a subsidiary, Jiekafu, in Mexico, which is expected to commence operations by the end of 2024 and is currently in the ramp-up phase [1] - In addition to Mexico, the company is actively advancing the construction of its subsidiary in Morocco [1] Group 2: Future Expansion Plans - The company plans to explore the feasibility of setting up sales networks, warehouses, and manufacturing plants in overseas regions, particularly in Southeast Asia, based on downstream customer demand [1]

Core Viewpoint - The company is actively pursuing international expansion as part of its development strategy, with a focus on establishing operations in various regions, including Southeast Asia [1] Group 1: International Expansion Plans - The company has already invested in Mexico by establishing a subsidiary, Jiekafu, which is set to commence operations by the end of 2024 and is currently in the ramp-up phase [1] - In addition to Mexico, the company is also advancing the construction of its subsidiary in Morocco [1] - Future plans include exploring the feasibility of setting up sales outlets, warehouses, and manufacturing plants in Southeast Asia and other overseas regions based on downstream customer demand [1]

Core Viewpoint - The company, Jun Ding Da (301538.SZ), specializes in the design, research and development, production, and sales of polymer modified protective materials, with no current products directly related to "robotic flexible fabric outerwear" [1] Group 1 - The main business of the company includes functional protective sleeves and functional monofilaments [1] - The company has stated that if there are substantial developments or business layouts in emerging fields in the future, it will strictly adhere to information disclosure regulations [1]