Core Viewpoint - Huihan Co., Ltd. is a significant player in the vehicle networking smart terminal and IoT smart module sectors, with a strong technical foundation and quality customer base, having been established in 2008 and listed on the Shenzhen Stock Exchange in 2024 [1] Financial Performance - In Q3 2025, Huihan Co., Ltd. reported revenue of 677 million yuan, ranking 32nd out of 63 in the industry, with the industry leader, Inspur Information, generating 120.67 billion yuan [2] - The net profit for the same period was 136 million yuan, placing the company 14th in the industry, with the top performer, Inspur Information, achieving a net profit of 1.49 billion yuan [2] Financial Ratios - As of Q3 2025, Huihan Co., Ltd. had a debt-to-asset ratio of 24.25%, lower than the industry average of 34.38% and down from 25.52% in the previous year [3] - The gross profit margin for Q3 2025 was 29.26%, slightly down from 29.59% year-on-year and below the industry average of 34.46% [3] Executive Compensation - The chairman, Sui Ronghua, received a salary of 1.3738 million yuan in 2024, an increase of 340,500 yuan from 2023 [4] - The general manager, Lin Wei, earned 1.3784 million yuan in 2024, up by 319,100 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 21.83% to 11,400, while the average number of circulating A-shares held per shareholder increased by 57.82% to 2,827.46 [5] - Hong Kong Central Clearing Limited was the sixth-largest shareholder, increasing its holdings by 381,300 shares [5] Business Highlights - Huihan Co., Ltd. has shown a compound annual growth rate (CAGR) of 47% in net profit from 2019 to 2024, driven by increased shipment volumes and product iterations [6] - The revenue from vehicle networking terminal devices in 2024 was 842 million yuan, a year-on-year increase of 32.19%, accounting for 82.39% of total revenue [6] - The company is expected to generate revenues of 1.339 billion yuan, 1.705 billion yuan, and 2.126 billion yuan from 2025 to 2027, with net profits projected at 238 million yuan, 308 million yuan, and 377 million yuan respectively [6]

Group 1 - The core viewpoint of the news is that Huihan Co., Ltd. (301600.SZ) reported a decrease in institutional holdings in its third-quarter report for 2025, with a total of 40.86 million shares held by eight institutional investors, representing 39.09% of the total share capital, down by 1.41 percentage points from the previous quarter [1] - Institutional investors include notable entities such as Fujian Guomai Group Co., Ltd., Yibin Chenda New Energy Industry Equity Investment Partnership, and Hong Kong Central Clearing Limited, among others [1] - In the public fund sector, one fund, Southern CSI 1000 ETF, reported a slight decrease in holdings, while one new public fund, GF Optional Consumer Link A, was disclosed [1] Group 2 - Foreign investment sentiment showed an increase in holdings from one foreign fund, Hong Kong Central Clearing Limited, with an increase of 0.36% [2]

Core Insights - The company Huihan Co., Ltd. (301600.SZ) reported a total revenue of 677 million yuan for Q3 2025, a decrease of 57.72 million yuan compared to the same period last year, representing a year-on-year decline of 7.85% [1] - The net profit attributable to shareholders was 136 million yuan, with net cash inflow from operating activities amounting to 111 million yuan [1] Financial Performance - The latest debt-to-asset ratio is 24.25%, which is an increase of 1.38 percentage points from the previous quarter [3] - The gross profit margin stands at 29.26%, ranking 41st among disclosed peers, down by 0.38 percentage points from the previous quarter and down by 0.33 percentage points year-on-year [3] - The return on equity (ROE) is reported at 10.80% [3] - The diluted earnings per share (EPS) is 1.30 yuan, a decrease of 0.25 yuan compared to the same period last year, reflecting a year-on-year decline of 16.17% [3] - The total asset turnover ratio is 0.40 times, down by 0.18 times year-on-year, representing a decline of 31.59% [3] - The inventory turnover ratio is 1.76 times, ranking 30th among disclosed peers, down by 0.56 times year-on-year, indicating a decline of 24.23% [3] Shareholder Structure - The number of shareholders is reported at 11,400, with the top ten shareholders holding a total of 79.94 million shares, accounting for 76.48% of the total share capital [3] - The largest shareholder is Fujian Guomai Group Co., Ltd. with a holding of 33.6 million shares [3]

Group 1 - The core point of the article is that Huihan Co., Ltd. announced a cash dividend plan for the first three quarters of 2025, proposing to distribute a cash dividend of 5 RMB per 10 shares to all shareholders [2] - The total cash dividend to be distributed amounts to 52.26175 million RMB (including tax) based on the current total share capital of 10,452.35 million shares [2]

Core Insights - The company reported a revenue of 677 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 7.85% [1] - The net profit attributable to shareholders of the listed company was 136 million yuan, showing a year-on-year increase of 0.75% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 127 million yuan, which is a year-on-year decrease of 2.96% [1] - The basic earnings per share stood at 1.3 yuan [1]

证券代码：301600 证券简称：慧翰股份 公告编号：2025-033 慧翰微电子股份有限公司 第四届董事会第十六次会议决议公告 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。 一、董事会会议召开情况 慧翰微电子股份有限公司（以下简称"公司"）第四届董事会第十六次会议 于2025年10月28日在公司会议室以现场结合通讯的方式召开。会议通知于2025 年 10 月 23 日以电子邮件等方式送达。本次会议应出席董事 8 人，实际出席董事 8 人。会议由董事长隋榕华先生主持，公司有关高级管理人员列席会议。 本次会议的召集、召开和表决程序符合有关法律、行政法规、部门规章、规 范性文件和公司章程的规定。 二、董事会会议审议情况 经与会董事审议形成以下决议： 1、以 8 票同意，0 票反对，0 票弃权审议通过《公司 2025 年第三季度报告》 公司编制的《2025 年第三季度报告》符合法律、行政法规和中国证监会的 规定，报告内容真实、准确、完整地反映了公司 2025 年三季度的实际情况，不 存在任何虚假记载、误导性陈述或者重大遗漏。 本议案经公司董事会审计委员会审议通过。 ...

证券代码：301600 证券简称：慧翰股份 公告编号：2025-035 慧翰微电子股份有限公司 关于 2025 年前三季度现金分红方案的公告 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、误导性陈述或重大遗漏。 公司于 2025 年 10 月 28 日召开第四届董事会第十六次会议审议通过《公司 2025 年前三季度现金分红方案》，将相关事项公告如下： 一、公司 2025 年前三季度现金分红方案的基本情况 根据公司 2025 年第三季度财务报告（未经审计），公司 2025 年 1-9 月合并 报表中归属于母公司所有者的净利润为 135,879,090.23 元。截至 2025 年 9 月 30 日，公司合并报表可供分配利润为 461,438,837.35 元，母公司报表可供分配 利润为 441,436,897.55 元，根据合并报表和母公司报表中可供分配利润孰低的 原则，公司可供股东分配的利润为 441,436,897.55 元。 综合考虑公司可供股东分配的利润总额以及公司 2024 年年度股东大会授权 要求，公司计划以现有总股本 10,452.35 万股为基数向全体股东每 10 股 ...

Company Performance - Huihan Co., Ltd. reported a revenue of approximately 677 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 7.85% [1] - The net profit attributable to shareholders of the listed company was about 136 million yuan, showing a year-on-year increase of 0.75% [1] - Basic earnings per share were 1.3 yuan, reflecting a year-on-year decrease of 16.17% [1] Market Context - As of the report, Huihan Co., Ltd. has a market capitalization of 12.9 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

慧翰微电子股份有限公司 2025 年第三季度报告 证券代码：301600 证券简称：慧翰股份 公告编号：2025-034 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个 别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 慧翰微电子股份有限公司 1 2025 年第三季度报告 慧翰微电子股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 226,482,839.74 | -25.75% | 677,13 ...

Group 1 - The company, Huihan Co., expressed that the increase in charging facilities positively impacts its operations as part of the automotive industry chain [2] - The company's digital energy management solutions are applied in the charging facilities sector [2]