证券代码：300160 证券简称：秀强股份 江苏秀强玻璃工艺股份有限公司 投资者关系活动记录表 编号：2025-003 | | ☑特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 □其他（请文字说明其他活动内容） | | | 参与单位名称及 | 国诚投资：洪海超、王凡 | | | 人员姓名 | | | | 时间 | 年 11 月 10 日（星期一） | 2025 | | 地点 | 江苏秀强玻璃工艺股份有限公司 会议室 302 | | | 上市公司接待人 | 副总经理、董事会秘书：席公正 | | | 员姓名 | 证券事务代表：鲍梦媛 1、公司未来的发展方向是什么？ | | | | 答：公司持续以客户需求为导向，实行产品销售差异化战略，提升新 产品、高附加值产品的销售占比，围绕家电玻璃及新能源玻璃领域进行产 | | | | 品优化。家电端将持续围绕彩晶、镀膜、多曲面等方向优化迭代，在关键 | | | | 生产工序推进自动化与信息化，依托泰国生产基地贴近核心客户、提 ...

Core Viewpoint - The recent financial report of Xiugang Co., Ltd. shows a mixed performance with a revenue increase but a decline in net profit, highlighting concerns over accounts receivable and profitability metrics [1][3]. Financial Performance - Total revenue for Q3 2025 reached 1.237 billion yuan, a year-on-year increase of 9.19% compared to 1.133 billion yuan in Q3 2024 [1]. - Net profit attributable to shareholders for Q3 2025 was 171 million yuan, down 5.9% from 182 million yuan in Q3 2024 [1]. - The gross profit margin decreased to 26.33%, a decline of 12.36% year-on-year, while the net profit margin fell to 13.84%, down 13.78% year-on-year [1]. - The company reported a significant increase in accounts receivable, which reached 373 million yuan, representing 170.19% of the latest annual net profit [1][3]. Cost and Efficiency Metrics - Total selling, administrative, and financial expenses amounted to 97.83 million yuan, accounting for 7.91% of revenue, a decrease of 9.45% year-on-year [1]. - Earnings per share (EPS) decreased to 0.22 yuan, down 5.91% from 0.24 yuan in the previous year [1]. Business Operations and Strategy - The company is focusing on its core product lines, particularly household appliance glass, which includes subcategories like colored glass and coated glass [3]. - The establishment of a production line in Thailand aims to enhance supply chain responsiveness and mitigate trade risks [5]. - The company plans to continue developing new products and optimizing production management to maintain competitiveness in the household appliance glass market [6]. Investment and Financial Health - The company's return on invested capital (ROIC) was reported at 8.75%, indicating average capital returns [4]. - Cash assets are described as healthy, suggesting a stable financial position despite the challenges in profitability [4].