Financial Performance - Total revenue for Q3 2025 was CNY 831,355,869.31, a decrease of 12.07% year-over-year[4] - Net profit attributable to shareholders was CNY 76,965,817.25, down 20.80% compared to the same period last year[4] - Basic earnings per share decreased by 23.33% to CNY 0.46[5] - The total profit for Q3 2025 was CNY 169,000,004.09, reflecting a decline of 12.61% year-over-year[4] - The net profit after deducting non-recurring gains and losses was CNY 85,836,977.19, down 11.44% year-over-year[4] - Net profit for the first three quarters of 2025 was ¥335,427,174.69, a slight decrease of 1.3% compared to ¥341,197,915.70 in 2024[20] - Basic earnings per share for the first three quarters of 2025 were ¥1.15, down from ¥1.30 in the same period of 2024[21] Assets and Liabilities - Total assets increased by 15.69% to CNY 5,305,269,621.92 compared to the end of the previous year[5] - The company's total assets increased to ¥5,305,269,621.92 in 2025 from ¥4,585,770,812.25 in 2024, representing a growth of 15.7%[16] - Total liabilities rose to ¥2,722,328,160.42 in 2025, compared to ¥2,234,734,256.54 in 2024, marking an increase of 21.9%[16] - The company's equity increased to ¥2,582,941,461.49 in 2025 from ¥2,351,036,555.71 in 2024, reflecting a growth of 9.8%[16] - The company's equity attributable to shareholders increased by 7.50% to CNY 2,123,256,681.32 compared to the end of the previous year[5] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 93.46%, primarily due to reduced sales collections[9] - Cash generated from operating activities was ¥2,361,160,276.13 in 2025, compared to ¥2,480,831,489.50 in 2024, indicating a decrease of 4.8%[23] - The net cash inflow from operating activities was 19,771,731.57, a decrease of 93.43% compared to the previous period's 302,133,849.92[24] - Total cash inflow from investment activities was 1,177,687,405.36, while cash outflow was 1,379,256,569.15, resulting in a net cash outflow of -201,569,163.79[24] - Cash inflow from financing activities totaled 679,102,436.03, with a net cash inflow of 72,919,072.32, contrasting with a net outflow of -241,123,477.18 in the previous period[25] - The ending balance of cash and cash equivalents was 417,557,368.41, down from 526,435,782.90 at the beginning of the period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,373[11] - The largest shareholder, Li Guoping, holds 58,614,360 shares, representing 34.89% of total shares[11] - The largest non-restricted shareholder, Li Laqin, holds 40,801,064 shares, representing 24.29%[11] Operating Costs and Expenses - Total operating revenue for the first three quarters of 2025 was ¥1,953,373,201.12, a decrease of 14.0% compared to ¥2,271,305,640.51 in the same period of 2024[19] - Total operating costs for the first three quarters of 2025 were ¥1,559,263,957.80, down 16.7% from ¥1,872,434,143.43 in 2024[19] - Research and development expenses for the first three quarters of 2025 were ¥46,057,056.93, down from ¥54,324,486.03 in 2024, a decrease of 15.2%[20] Other Financial Information - Non-recurring gains and losses for the period included government subsidies amounting to CNY 410,606.44[7] - The weighted average return on equity decreased by 1.23 percentage points to 3.62%[5] - The company reported an investment income of ¥7,034,745.28 in 2025, significantly higher than ¥3,180,291.48 in 2024, representing an increase of 121.5%[20] - The company received tax refunds amounting to 10,505,552.36, compared to 4,180,423.55 in the previous period[24] - Cash received from other operating activities was 291,276,035.98, significantly higher than 8,095,507.25 previously[24] - The company paid 186,766,808.99 in employee compensation, an increase from 171,860,807.35 in the prior period[24] - Cash outflow for other investment activities was 1,294,019,566.91, compared to 1,567,989,808.39 in the previous period[24] - The impact of exchange rate changes on cash and cash equivalents was -54.59, a minor change compared to -354,443.65 previously[25] - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[26]

Core Viewpoint - The company plans to change its Chinese name to Jiangsu Tongli Tianqi Technology Co., Ltd. and its stock abbreviation to Tongli Tianqi, aiming to better reflect its strategic development direction and enhance market image [1] Group 1: Company Strategy - The name change is intended to align more closely with the company's strategic focus [1] - The acquisition of a 51% stake in Beijing Tianqi Hongyuan New Energy Technology Co., Ltd. in 2022 has led to stable growth in the new energy business [1] Group 2: Financial Performance - The new energy business has contributed over 50% to the consolidated net profit [1]

Core Insights - The company is actively engaging in energy-saving initiatives for its computing power centers, focusing on green electricity and energy collaboration [1][3] - A strategic cooperation framework agreement was signed with the government of Qingyang, Gansu Province, to develop a storage equipment manufacturing base and energy storage stations [1][2] - The company aims to achieve a power supply reliability of 99.99% for data centers by integrating green electricity and energy storage systems, potentially replacing traditional backup systems [2][3] Group 1 - The company has signed a strategic cooperation agreement with the Qingyang government to build energy storage facilities, which will supply green power directly to data centers [1] - The project includes the construction of energy storage production lines and independent energy storage stations, enhancing the green electricity ratio and reducing energy costs [1][2] - The company is working on a microgrid project in Kenya, which has successfully validated its self-developed technology and accumulated experience in microgrid construction [2] Group 2 - The National Development and Reform Commission has issued measures to strengthen the support for digital economy innovation, emphasizing the need for reliable computing power resources [3] - The company, through its subsidiary Tianqi Hongyuan, is focusing on core technology research in the energy storage and microgrid sectors, particularly in immersion liquid cooling technology [3] - The company is participating in the construction of national computing power hub cities, exploring intelligent scheduling models for energy collaboration [3]

Group 1 - Alibaba Group's CEO announced an increase in capital expenditure to support the upcoming ASI era, with a projected 10-fold increase in energy consumption at Alibaba Cloud's global data centers by 2032 [1] - Tongli Risheng, through its subsidiary Tianqi Hongyuan, is entering the energy storage sector, aiming to provide energy storage solutions to companies like Alibaba by improving green energy consumption and reducing data center energy costs [1] - A strategic cooperation agreement was signed between Tongli Risheng and Hangzhou Xinfengwei Network Technology Co., focusing on collaborative efforts in energy storage and AI computing technology to enhance operational efficiency and economic benefits of intelligent computing data centers [1] Group 2 - Tianqi Hongyuan specializes in core technology research and development in the energy storage and microgrid industry, particularly excelling in immersion liquid cooling technology and providing comprehensive energy storage solutions [2] - The company is actively participating in the construction of national computing center nodes, having signed a strategic agreement with the government of Qingyang to establish a 2GWh energy storage equipment production line and a 1GWh lithium iron phosphate energy storage station [2] - The Qingyang project aims to support the computing needs of 50,000 P and is expected to benefit from policy incentives as it attracts major companies like Alibaba Cloud and Huawei Cloud [2]

Group 1 - The company Tongli Risheng announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.06 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for September 29, 2025, with the ex-dividend date and the date of cash dividend distribution both on September 30, 2025 [2]

证券代码：605286 证券简称：同力日升 公告编号：2025-039 江苏同力日升机械股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.06元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/29 | － | 2025/9/30 | 2025/9/30 | 1. 发放年度：2025年半年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/29 | － | 2025/9/30 | 2025/9/30 | 四、 分配实施办法 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 9 月 ...

Core Viewpoint - Tongli Risheng (605286) announced the transfer of a 4.13% stake in its subsidiary Tianqi Hongyuan New Energy Technology Co., Ltd. to Yicun Zerui for 105 million yuan, while the company waived its right of first refusal, which will not affect its financial or operational status [1][2]. Group 1: Company Structure and Stake Changes - Before the transaction, Tongli Risheng held a 51% stake in Tianqi Hongyuan, while Jiusheng Xihua held 47% and Beijing Hehui Chuangying held 2% [1]. - After the transaction, Tongli Risheng will still hold 51%, Beijing Hehui Chuangying will maintain 2%, Jiusheng Xihua's stake will decrease to 42.87%, and Yicun Zerui will hold 4.13% [1]. Group 2: Business Operations and Strategic Partnerships - Tianqi Hongyuan focuses on core technology research in the energy storage and microgrid sectors, developing a complete technology system from cell-level optimization to system integration [2]. - The company signed a strategic cooperation agreement with Shell China to work on fully immersed liquid cooling technology, enhancing the safety and lifespan of energy storage systems [2]. - Tianqi Hongyuan is involved in a 920MWh shared energy storage project in Chengde, utilizing semi-solid state energy storage systems to improve performance and safety [2]. - The company is actively participating in the construction of national computing power centers and has signed strategic agreements with local governments to develop energy storage production lines and lithium iron phosphate energy storage stations [3]. - The introduction of a state-owned investment fund is expected to accelerate the development of new energy and energy storage projects, enhancing the integration of computing and energy [3].

Core Viewpoint - Tongli Risheng (605286) announced the transfer of a 4.13% stake in its subsidiary Tianqi Hongyuan New Energy Technology Co., Ltd. for 105 million yuan, with the company waiving its right of first refusal, which will not affect its overall stake or financial status [1][2]. Group 1: Shareholding Structure - Before the transaction, Tongli Risheng held a 51% stake in Tianqi Hongyuan, while other stakeholders included Beijing Hehui Chuangying Investment Partnership (2%) and Jiusheng Xihua (47%) [1]. - After the transaction, Tongli Risheng will still hold 51%, while Jiusheng Xihua's stake will decrease to 42.87%, and Yicun Zerui will hold 4.13% [1]. Group 2: Business Focus and Developments - Tianqi Hongyuan focuses on core technology research in the energy storage and microgrid sectors, developing a complete technology system from cell-level optimization to system integration [2]. - The company has signed a strategic cooperation agreement with Shell China to work on immersion liquid cooling technology, enhancing the safety and lifespan of energy storage systems [2]. - Tianqi Hongyuan is actively involved in a 920MWh shared energy storage project in Chengde, utilizing semi-solid state battery systems to significantly improve performance metrics [2]. Group 3: Strategic Initiatives - The company is engaging in the "computing power and electricity synergy" trend, participating in the construction of national computing power center nodes [3]. - A strategic agreement was signed with the government of Qingyang to establish a 2GWh energy storage equipment production line and a 1GWh lithium iron phosphate energy storage station [3]. - Collaboration with Gansu Mobile aims to develop projects focused on the renewable energy transformation of communication infrastructure [3].

Core Insights - The 2025 World Energy Storage Conference opened in Ningde, focusing on the theme "New Era of Energy Storage, Zero Carbon to Future," highlighting China's position as the largest energy storage market globally [1] Group 1: Industry Development - The energy storage industry is becoming a core engine for building a new power system under the "dual carbon" strategy, with significant challenges such as the intermittency of renewable energy sources like wind and solar [2] - China's new energy storage development policies have established a foundational framework, leading to steady industry growth and diverse technological routes [3] Group 2: Company Performance - Companies in the energy storage sector are reporting strong financial performance, with EVE Energy's energy storage battery business achieving revenue of 10.298 billion yuan, a year-on-year increase of 32.47%, and Sungrow's energy storage system business reaching 17.803 billion yuan, up 127.78% year-on-year [4] - Kelu Electronics, a subsidiary of Midea Group, has developed a comprehensive self-research and production capability for core components of energy storage systems, launching the Aqua-C3.0 Pro liquid-cooled energy storage system with enhanced efficiency and reduced total cost of ownership [4] Group 3: Technological Innovation - Zhiguang Electric advocates for cascade-type high-voltage energy storage technology, which has a higher voltage level and requires long-term experience in high-voltage power electronics [5] - Tongli Risheng has established a complete technical system from cell-level optimization to system integration, with core technologies including immersion liquid cooling and AI-based energy management systems [6] Group 4: Market Outlook - Investment institutions are optimistic about opportunities in the energy storage sector, citing clearer business models and unexpected demand in emerging markets as key drivers for battery demand expansion [8] - Analysts suggest that the energy storage industry is entering a new growth phase, supported by stable domestic demand, overseas market growth, and expanding application scenarios [8]

Overview - Jiangsu Tongli Risheng Machinery Co., Ltd. announced the transfer of 4.13% equity in its subsidiary Beijing Tianqi Hongyuan New Energy Technology Co., Ltd. for RMB 10.5 million [2][4] - The company has waived its right of first refusal for this equity transfer, which does not constitute a related party transaction or a major asset restructuring [2][5] Transaction Details - The equity being transferred corresponds to a registered capital of RMB 5.582537 million [2][4] - The decision to waive the right of first refusal was made considering the long-term strategic planning of the company and the background of the acquiring party [4] Company Structure and Impact - Prior to the transaction, the company held 51% of Tianqi Hongyuan, while after the transaction, it will still hold 51% [13] - The transaction will not affect the company's consolidated financial statements or its financial and operational status significantly [13]