Report Overview - Reported Company: Qinchuan Wulian - Industry: Instrumentation - Research Date: October 21, 2025 [1][2][17] Report's Core View - The company's performance in Q3 2025 improved, with increased revenue, reduced losses, and improved cash flow The smart sensor business and overseas market are expected to drive future growth The company will continue to increase revenue through various measures and strengthen cost control and internal management [29][30] Key Points by Section 1. Research Basic Information - Research Object: Qinchuan Wulian - Industry: Instrumentation - Reception Time: 2025-10-21 - Reception Personnel: Chairman and General Manager Shao Zehua, Director and Deputy General Manager Li Yong, Board Secretary and Financial Controller Li Ting, Independent Director Liao Weizhi [17] 2. Detailed Research Institutions - The reception objects include investors and others [20] 3. Main Content R & D Investment - In January - September 2025, the R & D expense was 42.4095 million yuan, accounting for 19.36% of the revenue The company invested in R & D in smart city IoT, intelligent sensors, and industrial IoT, and obtained 197 new invention patents, 27 software copyrights, and participated in compiling 12 national standards from January to September 2025 As of September 30, 2025, the company had a total of 890 invention patents, 369 software copyrights, and participated in compiling 72 national standards [24] Overseas Business - From January to September 2025, the overseas revenue was 29.3623 million yuan, a year - on - year increase of 21.3771 million yuan (267.71%) The company will continue to focus on the markets in South America, Southeast Asia, and the Middle East [25][26] Performance Growth Drivers - The intelligent sensor business will be driven by policies and market demand, especially in the automotive, home appliance, and low - altitude economy fields The overseas market for gas meters also has growth potential [26][27] Domestic Gas Meter Business - In Q3 2025, the IoT smart gas meter business revenue was 54.8568 million yuan, a year - on - year increase of 6.95% The company will focus on large and medium - sized gas group customers and strengthen cost control [27] Cash Flow - In Q3 2025, the net cash flow from operating activities was 33.0952 million yuan, a year - on - year increase of 23.2604 million yuan, mainly due to better customer payments The company will continue to increase revenue and strengthen accounts receivable management [27][29] Cost Control and Profitability - In Q3 2025, the revenue and gross profit margin increased The company will integrate supply chain resources, optimize procurement costs, and improve production efficiency to achieve cost reduction and efficiency improvement [29] Smart Sensor Industry - The intelligent sensor industry is expected to expand due to policies and market demand The company's intelligent sensor products are mainly used in the automotive, home appliance, and low - altitude economy fields, and have entered the supply chains of many automotive companies [31] M & A Plan - The company will focus on investment and M & A opportunities in the intelligent sensor business to expand its scale and competitiveness [33]

近期，数字人民币试点新进展不少。兴业银行数字人民币钱包于日前上线，这是今年3月兴业银行 成为第10家数字人民币运营机构后的重要进展。兴业银行相关负责人表示，该行将以数字人民币钱包上 线为契机，打造更多特色场景和商业模式，不断延伸服务触角，推进数字人民币试点工作扩面增量，为 实体经济和广大人民群众提供更加便捷安全的数字人民币服务，努力建设成为市场领先的数字人民币运 营机构。 产品创新提速、使用场景拓宽，数字人民币试点正稳步推进。截至5月31日，15个省市的试点地区 通过数字人民币累计交易笔数大约2.64亿笔，金额大约830亿元人民币，支持数字人民币支付的商户门 店数量达到456.7万个。 看到这些新进展，大家更关心的是数字人民币接下来如何发展？在服贸会期间举行的2022中国国际 金融年度论坛上，中国人民银行数字货币研究所所长穆长春透露，将搭建数字人民币智能合约生态服务 平台。 数字人民币智能合约技术是目前数字人民币最突出的创新之一。"智能合约在支撑数字经济降本提 效、促进服务创新发展等方面具有巨大潜力。"穆长春表示，在数字人民币的顶层设计中，通过加载不 影响货币功能的智能合约，实现了数字人民币的可编程性，使数字 ...

成都秦川物联网科技股份有限公司 2024 年年度股东大会会议资料 证券代码：688528 证券简称：秦川物联 成都秦川物联网科技股份有限公司 二〇二五年五月 成都秦川物联网科技股份有限公司 2024 年年度股东大会会议资料 成都秦川物联网科技股份有限公司 目 录 成都秦川物联网科技股份有限公司 2024 年年度股东大会会议资料 成都秦川物联网科技股份有限公司 根据《中华人民共和国公司法》 《中华人民共和国证券法》 《上市公司股东会 规则》 《成都秦川物联网科技股份有限公司章程》 《成都秦川物联网科技股份有限 公司股东大会议事规则》等有关规定，特制定成都秦川物联网科技股份有限公司 （以下简称"公司"）2024 年年度股东大会会议须知： 一、股东大会期间，全体出席人员应以维护股东的合法权益、确保大会的正 常秩序和议事效率为原则，自觉履行法定义务。 二、股东及股东代理人参加股东大会依法享有发言权、质询权、表决权等权 利。 三、要求发言的股东及股东代理人，应当按照会议的议程，举手示意并经会 议主持人许可方可发言。股东及股东代理人发言或提问应围绕本次股东会议的议 题进行，简明扼要，时间不超过 5 分钟。 四、主持人可安 ...