Core Viewpoint - Beilong Precision (301567.SZ) reported a slight increase in revenue for the first three quarters of 2025, but experienced a significant decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 298 million yuan, reflecting a year-on-year growth of 0.10% [1] - The net profit attributable to shareholders was 17.6356 million yuan, showing a year-on-year decrease of 32.22% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 11.9672 million yuan, down 46.77% year-on-year [1] - Basic earnings per share stood at 0.24 yuan [1]

Group 1 - The company reported a revenue of 298 million yuan for the first three quarters of 2025, representing a year-on-year growth of 0.10% [1] - The net profit attributable to shareholders was 17.64 million yuan, showing a year-on-year decline of 32.22% [1] - The basic earnings per share were 0.24 yuan, which is a decrease of 35.14% compared to the previous year [1]

证券代码：301567 证券简称：贝隆精密 公告编号：2025-039 5、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法 律法规和《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于<2025 年第三季度报告>的议案》 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、贝隆精密科技股份有限公司（以下简称"公司"）第二届董事会第十一次 会议的会议通知于 2025 年 10 月 18 日通过电子邮件等方式送达至各位董事，通 知中包括会议相关资料，同时列明了会议的召开时间、地点和审议内容。 2、本次会议于 2025 年 10 月 21 日在公司会议室以现场结合通讯方式召开。 3、本次会议应出席董事 7 人，实际出席董事 7 人，其中现场出席会议的董 事 4 人，董事高炎康先生、独立董事白剑先生、刘云女士以通讯方式参会。 4、本次会议由董事长杨炯先生主持，公司高级管理人员魏兴娜女士、吴磊 先生、证券事务代表杭天宇先生列席了本次会议。 贝隆精密科技股份有限公司 第二届董事会第十一次会议决议公告 本议案已经公司 ...

Revenue and Profitability - Revenue for Q3 2025 reached ¥117,444,022.43, an increase of 14.76% year-over-year, and a 24.09% increase compared to the previous quarter[7] - Net profit attributable to shareholders decreased by 15.59% year-over-year to ¥7,049,270.26, while net profit after deducting non-recurring gains and losses fell by 18.87% to ¥5,961,457.51[7] - The net profit margin for the year-to-date was 5.83%, down from 8.67% in the previous year, reflecting increased costs and competitive pressures[12] - Net profit for the current period was ¥17,635,607.38, down from ¥26,018,544.71, indicating a decrease of approximately 32.4%[29] - Total comprehensive income for the period was CNY 17,635,607.38, a decrease from CNY 26,018,544.71 in the previous period, representing a decline of approximately 32.1%[30] - Basic and diluted earnings per share decreased to CNY 0.24 from CNY 0.37, reflecting a decline of 35.1%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥918,234,190.04, reflecting a 4.62% increase from the end of the previous year[7] - Current assets totaled ¥371,248,887.80, up from ¥312,101,262.08, marking an increase of around 19%[25] - Total liabilities increased to ¥170,476,914.57 from ¥134,600,718.29, representing a growth of approximately 26.6%[26] - Non-current assets decreased to ¥546,985,302.24 from ¥565,581,124.30, a decline of about 3.3%[25] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 43.23% to ¥33,326,661.55, primarily due to a reduction in cash received from sales[7][14] - Net cash flow from operating activities was CNY 33,326,661.55, down 43.2% from CNY 58,702,182.11 in the previous period[32] - Cash inflow from operating activities totaled CNY 303,324,033.73, a decrease of 3.1% compared to CNY 313,205,679.42 last year[32] - Cash outflow from operating activities increased to CNY 269,997,372.18, up 6.1% from CNY 254,503,497.31 in the previous period[32] - Net cash flow from investing activities was negative at CNY -50,498,583.45, an improvement from CNY -92,574,323.17 in the previous period[32] - Cash flow from financing activities generated a net inflow of CNY 13,988,975.14, down 64.9% from CNY 39,857,683.65 last year[32] - The ending balance of cash and cash equivalents was CNY 35,038,719.87, a decrease from CNY 13,159,787.91 in the previous period[32] Expenses - The company reported a significant increase in management expenses by 16.54% to ¥2,173.68 million, attributed to increased depreciation and consulting fees[14] - Research and development expenses rose by 5.51% to ¥2,050.11 million, driven by increased investment in automation[14] - The company reported a significant increase in research and development expenses, which rose to ¥20,493,766.15 from ¥19,422,699.73, an increase of approximately 5.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,027[17] - The largest shareholder, Yang Jiong, holds 52.50% of the shares, totaling 37,800,000 shares[17] - Ningbo Beiyu Investment holds 7.50% of the shares, amounting to 5,400,000 shares[17] - The total number of shares held by the top ten unrestricted shareholders includes 512,000 shares held by Shi Ruqiao[17] - The company has a total of 0 shares held by shareholders through margin trading[18] - The total number of shares held by Yang Jiong remains unchanged at 37,800,000, with a lock-up period until January 16, 2027[20] - The company has not disclosed any other significant shareholder relationships or actions[18] Projects and Future Plans - The company plans to enhance operational management and competitiveness by hiring external consultants, which may impact future financial performance[12] - The company plans to extend the completion date for the "Precision Structural Parts Expansion Project" and "R&D Center Construction Project" from January 22, 2026, to January 22, 2027[22] - The company will add new locations in Yuyao City for the aforementioned projects without changing the total investment amount[22] Inventory and Costs - Total operating revenue for the current period reached ¥297,664,965.89, a slight increase from ¥297,379,063.64 in the previous period, reflecting a growth of approximately 0.1%[28] - Total operating costs increased to ¥285,997,848.78 from ¥272,440,002.63, representing a rise of about 5.3%[28] - Inventory increased to ¥90,489,798.37 from ¥74,680,827.37, reflecting a growth of approximately 21.1%[25] - Short-term borrowings increased by 191.63% to ¥2,301.42 million, indicating a rise in financing activities[13] - Short-term borrowings rose significantly to ¥35,023,866.67 from ¥12,009,716.67, an increase of about 191.5%[26] - Deferred income increased to ¥32,474,715.72 from ¥19,757,860.60, reflecting a growth of about 64.5%[26]

Group 1 - The company's Q3 revenue reached 117 million, representing a year-on-year increase of 14.76% [1] - The net profit for Q3 was 7.0493 million, showing a decline of 15.59% [1] - For the first three quarters, the total revenue was 298 million, with a slight increase of 0.10% [1] Group 2 - The net profit for the first three quarters was 17.6356 million, which is a decrease of 32.22% [1]

Core Viewpoint - Beilong Precision has experienced a decline in stock price and financial performance, with significant changes in financing and shareholder structure, indicating potential challenges ahead for the company [1][2]. Financing Summary - On October 16, Beilong Precision's stock fell by 0.90%, with a trading volume of 30.03 million yuan. The financing buy-in amount was 1.50 million yuan, while the financing repayment was 3.16 million yuan, resulting in a net financing outflow of 1.67 million yuan [1]. - As of October 16, the total financing and securities lending balance for Beilong Precision was 61.62 million yuan, accounting for 7.21% of its market capitalization, which is above the 60th percentile level over the past year, indicating a high financing balance [1]. - In terms of securities lending, there were no shares repaid or sold on October 16, with a securities lending balance of 0.00 yuan, which is above the 80th percentile level over the past year, also indicating a high position [1]. Financial Performance Summary - For the first half of 2025, Beilong Precision reported operating revenue of 180 million yuan, a year-on-year decrease of 7.60%. The net profit attributable to the parent company was 10.59 million yuan, down 40.08% year-on-year [2]. - The company has distributed a total of 33.12 million yuan in dividends since its A-share listing [3]. Shareholder Structure Summary - As of October 10, the number of shareholders for Beilong Precision was 8,921, a decrease of 1.17% from the previous period. The average number of circulating shares per person increased by 1.19% to 2,380 shares [2].

Group 1 - The core viewpoint of the news highlights the financial performance and stock trading activities of Beilong Precision, indicating a decrease in revenue and net profit for the first half of 2025 [2] - As of October 15, Beilong Precision's stock price increased by 0.83%, with a trading volume of 39.86 million yuan, and a net financing buy of -478,700 yuan [1] - The company has a total financing and securities balance of 63.29 million yuan, which accounts for 7.34% of its market capitalization, indicating a high level of financing balance compared to the past year [1] Group 2 - As of October 10, the number of shareholders for Beilong Precision was 8,921, a decrease of 1.17% from the previous period, while the average circulating shares per person increased by 1.19% to 2,380 shares [2] - For the first half of 2025, Beilong Precision reported an operating income of 180 million yuan, a year-on-year decrease of 7.60%, and a net profit attributable to the parent company of 10.59 million yuan, down 40.08% year-on-year [2] - The company has distributed a total of 33.12 million yuan in dividends since its A-share listing [3]

2025 年第一次临时股东大会的法律意见书 杭州市上城区钱江路 1366 号华润大厦 A 座 3001 邮编：311500 Room 01, 30/F, Area A, China Resources Tower, No.1366, Qianjiang Road, Hangzhou 311500, China T: (86-571) 8992 6500 F: (86-571) 8992 6501 北京竞天公诚（杭州）律师事务所 关于贝隆精密科技股份有限公司 致：贝隆精密科技股份有限公司 北京竞天公诚（杭州）律师事务所（以下简称"本所"）接受贝隆精密科技 股份有限公司（以下简称"公司"）的委托，指派本所律师列席并见证了公司于 2025 年 10 月 15 日（星期三）14:30 在公司 2 楼会议室召开的 2025 年第一次临 时股东大会（以下简称"本次股东大会"），现依据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股东大会规则》等中国现行法律、法规和 相关规范性文件（以下简称"中国法律法规"）及《贝隆精密科技股份有限公司 章程》（以下简称"《公司章程》"）、《贝隆精密科技股份有限公司股东大会 ...

证券代码：301567 证券简称：贝隆精密 公告编号：2025-038 1、本次股东大会未出现否决议案的情况； 2、本次股东大会未涉及变更前次股东大会决议的情况； 3、本次股东大会以现场投票和网络投票相结合的方式召开。 一、召开会议的基本情况 贝隆精密科技股份有限公司 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的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： （一）会议召开情况 1、现场会议时间：2025 年 10 月 15 日下午 14:30。 2、现场会议地点：浙江省余姚市舜宇西路 184 号贝隆精密科技股份有限公 司 2 楼会议室。 3、会议方式：现场投票和网络投票相结合。 4、召集人：贝隆精密科技股份有限公司（以下简称"公司"）董事会。 5、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时间为：2025 年 10 月 15 日 的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00。 通过互联网投票系统（http://wltp.cninfo.com.cn）进行网络投票的时间为： 2025 年 10 月 1 ...

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 9, there are 1,020 stocks with a circulating market value below 3 billion yuan, and 413 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,684 stocks have a total market value below 5 billion yuan, with 617 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - Zitian Tui: 0.61 million yuan - *ST Gao Hong: 4.30 million yuan - *ST Yuan Cheng: 5.60 million yuan [1] - The three stocks with the smallest total market values are: - Zitian Tui: 0.62 million yuan - *ST Gao Hong: 4.40 million yuan - *ST Yuan Cheng: 5.60 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - Kun Tai Co., Ltd.: 6.29 million yuan, PE ratio: 51.71, Industry: Automotive - Kang Li Yuan: 6.62 million yuan, PE ratio: 44.27, Industry: Light Manufacturing - Ke Rui Si: 6.72 million yuan, PE ratio: 186.98, Industry: Communication - Yangzhou Jinquan: 6.79 million yuan, PE ratio: 20.66, Industry: Textile and Apparel - Hong Ming Co., Ltd.: 6.85 million yuan, Industry: Machinery Equipment [1][2]