快意电梯难“快意”，高新技术企业资格被取消

Core Viewpoint - The cancellation of the high-tech enterprise qualification for Kuaiji Elevator will negatively impact its financial performance and future funding opportunities [1][5][6]. Group 1: Company Announcement - Kuaiji Elevator announced on December 3 that it has been stripped of its high-tech enterprise qualification for the years 2021 to 2023 by several government bodies [1]. - Following the announcement, the company's stock price fell over 8% on December 4, closing at 9.16 yuan per share, a decline of 7.01% [2]. Group 2: Financial Impact - The cancellation of the high-tech qualification will lead to an increase in corporate income tax from 15% to 25%, which is expected to reduce profits and affect return rates [5]. - The company reported a total revenue of 9.51 billion yuan for the first three quarters of 2025, a year-on-year decrease of 14.82%, and a net profit of 520.62 million yuan, down 38.97% year-on-year [6]. - Kuaiji Elevator's performance has fluctuated over the years, with a peak revenue of 19.84 billion yuan and a net profit of 2.81 billion yuan in 2021, followed by declines in 2022 and 2024 [6]. Group 3: Industry Context - The main reasons for the cancellation of high-tech qualifications among companies include insufficient proportion of technical personnel, inadequate R&D expenditure intensity, and lack of documentation, which account for 91% of such cancellations [5]. - The loss of high-tech status also affects eligibility for national and local technology project funding, innovation funds, and technology transformation funds, potentially impacting cash flow and R&D capabilities [5]. Group 4: Financial Metrics - Kuaiji Elevator's gross margin has decreased from 41.25% in 2021 to 24.94% in 2024, while net margin has dropped from 14.14% to 8.37% during the same period [6]. - As of the third quarter of 2025, the gross margin and net margin further declined to 22.23% and 5.48%, respectively [6].