Core Viewpoint - Haowu Co., Ltd. reported a net profit of 42.78 million yuan for the first three quarters of 2025, marking a turnaround from losses, with a third-quarter net profit of 12.34 million yuan [1] Financial Performance - The company achieved a net profit attributable to shareholders of 42.78 million yuan in the first three quarters of 2025, compared to previous losses [1] - In the third quarter alone, the net profit attributable to shareholders was 12.34 million yuan, indicating a significant recovery [1] Loss Compensation Announcement - Haowu Co., Ltd. announced plans to use its capital reserves to cover previous losses, specifically utilizing 67.95 million yuan from surplus reserves and 876.01 million yuan from capital reserves, totaling approximately 943.96 million yuan [1] - Following the implementation of this plan, the company's surplus reserves will be reduced to 0 yuan, and capital reserves will decrease to approximately 747.18 million yuan, resulting in a cumulative undistributed profit of 0 yuan on the parent company’s financial statements [1] - The company stated that this plan complies with relevant laws and regulations, aiming to enhance investor returns and promote high-quality development [1]

Core Viewpoint - The financial performance of Haowu Co., Ltd. continues to improve, with a significant increase in net profit despite a decline in revenue [1] Financial Performance - For the first three quarters of 2025, Haowu Co., Ltd. reported a revenue of 2.183 billion yuan, a year-on-year decrease of 16.98% - The net profit for the same period was 42.7752 million yuan, showing a year-on-year increase of 279.04% - In the third quarter alone, the company achieved a revenue of 726 million yuan, down 18.69% year-on-year, while net profit reached 12.3436 million yuan, up 324.27% year-on-year - The net profit has been positive for four consecutive quarters [1] Business Segments - Haowu Co., Ltd. operates in two main segments: automotive sales and services, and internal combustion engine crankshaft manufacturing - The automotive sales segment includes vehicle sales, maintenance services, and comprehensive services, with key brands such as SAIC Volkswagen, FAW Volkswagen, and various new energy vehicle brands - The crankshaft business focuses on the research, manufacturing, and sales of crankshafts for automotive, engineering machinery, and agricultural machinery, leading in production and sales within the domestic passenger car crankshaft industry [2] Capital Management - On October 27, the company announced plans to use its surplus reserves to cover losses, with a total of 944 million yuan allocated from surplus reserves and capital reserves - This move aims to eliminate the accumulated losses reported in the parent company's financial statements, which stood at -944 million yuan at the end of last year - The implementation of this plan requires approval from the shareholders' meeting [3] Regulatory Context - The use of surplus reserves to cover losses aligns with the new Company Law, which allows companies to utilize capital reserves for loss compensation after exhausting other reserves - This regulatory change is seen as a way to enhance the operational flexibility of listed companies and create conditions for future dividend distributions [3][4] Expert Opinion - Financial experts suggest that using surplus reserves to cover losses can effectively relieve operational constraints and optimize equity structure, potentially restoring cash dividend capabilities and improving key financial metrics - This strategy is expected to enhance market confidence and valuation for the company [4]

证券日报网讯浩物股份（000757）10月24日在互动平台回答投资者提问时表示，公司汽车销售及服务业 务板块，依托国家设备更新及消费品以旧换新政策，深化运营管理、强化费用管控，通过关停、转让低 效专营店，布局新能源品牌等举措优化品牌结构，资产效率和人员效能实现大幅提升。2025年上半年， 汽车销售及服务业务板块净利润实现164.29万元，同比扭亏为盈。 ...

Core Viewpoint - The company is addressing investor concerns regarding low net profit from its automotive sales segment and the significant capital it occupies, while outlining strategies for improvement and future profitability [1] Group 1: Company Response - The company acknowledges the investor's question about the low net profit in the automotive sales segment and the capital it consumes [1] - The company is implementing measures such as shutting down and transferring inefficient specialty stores, optimizing brand structure, and focusing on new energy brands to enhance operational management and cost control [1] - The automotive sales and service segment is projected to achieve a net profit of 1.6429 million yuan in the first half of 2025, marking a turnaround from previous losses [1]

Core Viewpoint - The company announced its first share repurchase on October 21, 2025, involving 953,800 shares, which represents 0.06% of the total share capital [2] Summary by Relevant Sections - **Share Repurchase Details** - The company conducted its first share repurchase through centralized bidding [2] - A total of 953,800 shares were repurchased [2] - The repurchased shares account for 0.06% of the company's total share capital [2]

Group 1 - The company, Haowu Co., reported that as of October 10, 2025, the number of shareholders is 29,110 [1]

Investment Rating - The report maintains a "weaker than the market" rating for the U.S. stock market [5]. Core Views - The U.S. government shutdown has led to a lack of key economic data, increasing uncertainty for the Federal Reserve's monetary policy decisions [1]. - The Michigan Consumer Sentiment Index has declined for three consecutive months, indicating growing public concern about the economic outlook, with inflation expectations remaining high at 4.6% [2]. - Market sentiment has shifted positively due to comments from former President Trump regarding U.S.-China trade relations, despite ongoing government shutdown concerns [2]. - The report suggests that in the context of "tariff disruptions and a dovish Fed," U.S. Treasury yields are expected to decline, with a recommendation to focus on medium to short-term U.S. Treasuries [3]. Summary by Sections U.S. Macroeconomics and Liquidity - The government shutdown has resulted in the suspension of key economic data releases, creating a "data vacuum" that complicates economic assessments and policy decisions [1]. - The consumer confidence index reflects a significant drop, indicating heightened economic anxiety among consumers [2]. Investment Recommendations - The report advises maintaining a core allocation in medium to short-term U.S. Treasuries to lock in yields and reduce volatility, with a potential extension to five years for higher-risk investors [3]. - Investment-grade credit bonds are recommended, particularly in technology and consumer staples sectors, while high-yield bonds should have controlled durations [3]. - Chinese dollar bonds are highlighted for their credit improvement and spread advantages, with a focus on "high quality and short duration" strategies [3]. Key Events and Data - Future attention should be directed towards the upcoming U.S. CPI data and the Federal Reserve's Beige Book [3].

Core Insights - The company reported a decrease in the number of shareholders, with a total of 27,674 shareholders as of September 30, down by 2,352 from the previous period, representing a decline of 7.83% [2] - The company's stock price closed at 5.85 yuan, reflecting an increase of 9.96%, with a cumulative increase of 6.95% since the concentration of shares began [2] - The company's semi-annual report indicated a total revenue of 1.457 billion yuan for the first half of the year, a year-on-year decrease of 16.10%, while net profit reached 30.43 million yuan, a significant increase of 265.50% [2] Shareholder Information - As of September 30, the number of shareholders was 27,674, a decrease of 2,352 from the previous period [2] - The decline in shareholders represents a 7.83% reduction compared to the last reporting period [2] Stock Performance - The closing stock price was 5.85 yuan, which is a 9.96% increase [2] - The stock has seen a cumulative increase of 6.95% since the concentration of shares began, with 3 days of price increases and 4 days of declines, including 2 instances of hitting the daily limit [2] Financial Performance - The company reported a total revenue of 1.457 billion yuan for the first half of the year, which is a 16.10% decrease year-on-year [2] - Net profit for the same period was 30.43 million yuan, marking a substantial increase of 265.50% [2] - Basic earnings per share were reported at 0.0576 yuan, with a weighted average return on equity of 1.95% [2]

证券日报网讯浩物股份9月23日在互动平台回答投资者提问时表示，截至2025年9月19日，公司股东户数 为30，026户。 （文章来源：证券日报） ...

Group 1 - The company Yongda Automobile (03669) announced a share buyback plan [1] - The company will spend HKD 3.0174 million to repurchase 1.5 million shares [1] - The buyback price per share ranges from HKD 1.97 to HKD 2.03 [1]