Group 1 - The company has implemented share repurchase to execute the 2021 and 2023 restricted stock incentive plans [1] - The company will disclose any new share repurchase situations related to restricted stock incentive plans in a timely manner as per regulations [1]

Core Insights - The list of major equipment for the year 2025 has been publicly announced, highlighting four companies from Wujiang Development Zone that have successfully been recognized for their equipment [1] - The recognition of first sets of major technical equipment is crucial for measuring a company's core competitiveness and reflects the high-quality development level of the manufacturing industry [1] Group 1: Company Highlights - Bozhong Precision's "Tunnel Cavity Large Size Battery Cell High-Pressure Injection Equipment" features a unique horizontal double-layer tunnel cavity structure, achieving breakthroughs in key technologies that enhance the efficiency and precision of liquid injection for large battery cells [2] - Zhongke Heavy Instrument's "ZY316 Gallium Nitride Power Semiconductor MOCVD Equipment" introduces an innovative reaction chamber design that improves material uniformity and reduces production costs by 30%, addressing industry challenges and reducing reliance on imports [2] - Hengtong Intelligent Equipment's "TXLS-WJ80 New Generation Fully Automatic Optical Fiber Drawing Equipment" utilizes high-purity argon gas to replace helium, significantly lowering production costs and overcoming import dependencies in high-end special optical fiber drawing equipment [3] - Mingzhi Technology's "MZZX200 High-Efficiency Brake Disc Cold Core Box System" is designed for large-scale production of passenger car brake disc sand cores, integrating intelligent control systems to enhance efficiency and energy consumption [3] Group 2: Industry Development - Wujiang Development Zone has prioritized the cultivation, research, and application of first sets of major technical equipment, effectively stimulating innovation through policy guidance and optimized innovation ecosystems [1] - The zone plans to continue improving its support system, focusing on key technological breakthroughs and promoting collaboration and demonstration applications to facilitate the transition from "first set" to "first order" and market proliferation [3]

Group 1 - The core business of Mingzhi Technology focuses on sand casting, with a development strategy to strengthen casting equipment, expand casting production, and refine casting services [2] - As of September 30, 2025, Mingzhi Technology reported a revenue of 370 million yuan, a year-on-year decrease of 15.01%, and a net profit attributable to shareholders of 44.15 million yuan, down 16.56% year-on-year [2] - The company has distributed a total of 166 million yuan in dividends since its A-share listing, with 117 million yuan distributed in the last three years [3] Group 2 - On November 21, Mingzhi Technology's stock fell by 4.54%, with a trading volume of 31.83 million yuan [1] - The financing data on November 21 showed a financing purchase of 3.43 million yuan and a financing repayment of 6.56 million yuan, resulting in a net financing outflow of 3.13 million yuan [1] - The total balance of margin trading for Mingzhi Technology as of November 21 was 38.11 million yuan, accounting for 1.72% of its market capitalization, indicating a high level compared to the past year [1]

Core Viewpoint - Mingzhi Technology, established in 2003 and listed in 2021, is a leader in the domestic sand casting industry, focusing on high-end core equipment and high-quality aluminum alloy castings, with a strong technical and industrial chain advantage [1] Group 1: Business Performance - In Q3 2025, Mingzhi Technology achieved revenue of 370 million yuan, ranking 69th among 82 companies in the industry, while the industry leader, CIMC, reported revenue of 117.061 billion yuan [2] - The net profit for the same period was 44.131 million yuan, placing the company 48th in the industry, with the top performer, CIMC, reporting a net profit of 2.395 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Mingzhi Technology's debt-to-asset ratio was 23.09%, significantly lower than the industry average of 39.81%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 31.24%, higher than the industry average of 22.64%, reflecting robust profitability [3] Group 3: Executive Compensation - The chairman, Wu Qinfang, received a salary of 611,000 yuan in 2024, a decrease of 402,400 yuan from 2023 [4] - The general manager, Qiu He, also received a salary of 611,000 yuan in 2024, down by 195,500 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.29% to 5,353, while the average number of circulating A-shares held per household decreased by 5.03% to 23,200 shares [5] - New major shareholders include CITIC Prudential Multi-Strategy Mixed Fund A, among others, while Huashang Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A exited the top ten list [5]

Core Viewpoint - Mingzhi Technology (688355.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 370 million yuan, representing a year-on-year decrease of 15.01% [1] - The net profit attributable to shareholders was 44.15 million yuan, down 16.56% year-on-year [1] - The basic earnings per share stood at 0.36 yuan [1]

Core Viewpoint - Mingzhi Technology reported a decline in both revenue and net profit for the first three quarters of the year, indicating potential challenges in its financial performance [1]. Financial Performance - The company's operating revenue for the first three quarters was 369,786,805.34 yuan, representing a year-on-year decrease of 15.01% [1]. - The net profit attributable to shareholders of the listed company was 44,152,064.99 yuan, which is a year-on-year decrease of 16.56% [1]. Shareholder Changes - Among the top ten circulating shareholders, new entrants include: - Industrial and Commercial Bank of China - CITIC Prudential Multi-Strategy Flexible Allocation Mixed Securities Investment Fund (LOF) - China Merchants Securities - Zhongjia Specialized and New Quantitative Stock Selection Mixed Initiation Securities Investment Fund - China Minsheng Bank - Jianxin Flexible Allocation Mixed Securities Investment Fund [1].

证券代码：688355 证券简称：明志科技 公告编号：2025-038 苏州明志科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 1 登录上证路演中心首页点击"提问预征集"栏目 2 访问网址 https://eseb.cn/1sxTycYTsNG 或使用微信扫描下方小程序 码进行会前提问 3 通过公司邮箱 securities@mingzhi-tech.com 进行提问。 会议召开时间：2025 年 11 月 20 日（星期四）10:00-11:00 会议召开地点： 上海证券交易所上证路演中（https://roadshow.sseinfo.com/） 价值在线（www.ir-online.cn） 会议召开方式：上证路演中心、价值在线网络互动 投资者可于 2025 年 11 月 13 日（星期四）至 11 月 19 日（星期三）16:00 前通过以下三种方式提前进行提问： 公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问 题进行回 ...

苏州明志科技股份有限公司（以下简称"公司"或"明志科技"）第三届董事会 第二次会议通知于 2025 年 10 月 24 日以邮件方式发出，于 2025 年 10 月 29 日以现场 开会的方式召开。本次会议应到董事 7 人，实际到会董事 7 人，本次会议由董事长吴 勤芳先生主持。会议的召集和召开程序符合有关法律、行政法规、部门规章、规范性 文件和公司章程的规定，会议决议合法、有效。 证券代码：688355 证券简称：明志科技 公告编号：2025-037 苏州明志科技股份有限公司 第三届董事会第二次会议决议公告 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。 一、董事会会议召开情况 具体内容详见公司于同日披露于上海证券交易所网站（www.sse.com.cn）的《苏 州明志科技股份有限公司 2025 年第三季度报告》。 二、董事会会议审议情况 本次会议经充分审议，形成以下决议： （一） 审议通过《关于 2025 年第三季度报告的议案》 本议案已经董事会审计委员会审议通过。 公司 2025 年第三季度报告的编制和审核程序符合法律、 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥117,744,245.25, a decrease of 15.55% compared to the same period last year[2] - The total profit for the quarter was ¥1,008,046.93, reflecting a significant decline of 88.15% year-over-year[2] - The net profit attributable to shareholders was ¥545,047.99, down 94.68% from the previous year[2] - Total operating revenue for the first three quarters of 2025 was CNY 369,786,805.34, a decrease of 15.0% compared to CNY 435,110,770.32 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 44,130,988.60, a decline of 16.6% from CNY 52,915,565.97 in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.36, compared to CNY 0.43 in the same period of 2024[21] Cash Flow - The net cash flow from operating activities increased by 135.75% to ¥138,078,440.24 in the current quarter[3] - Operating cash inflow totaled $540,504,004.55, an increase from $495,138,916.56 year-over-year[24] - Net cash outflow from operating activities was $336,074,718.57, compared to $421,549,515.01 in the previous period[24] - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 501,809,668.13, an increase of 11.9% from CNY 448,302,323.37 in 2024[23] - Cash received from investment recoveries was $688,872,250.77, a decrease from $949,000,000.00[24] - Cash paid for the acquisition of fixed assets was $5,180,097.25, significantly lower than $19,690,924.99 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,385,253,121.91, up 4.57% from the end of the previous year[3] - Current assets totaled RMB 953,733,947.01 as of September 30, 2025, compared to RMB 869,283,247.99 at the end of 2024, reflecting a growth of approximately 9.7%[15][16] - The total current liabilities increased to RMB 292,877,328.66 from RMB 214,150,054.48, marking an increase of approximately 36.7%[16] - Total liabilities increased to CNY 319,916,012.04 in 2025 from CNY 239,785,679.93 in 2024, reflecting a growth of 33.5%[17] - The total liabilities of the company increased, reflecting a growing leverage position[16] Research and Development - Research and development expenses totaled ¥18,887,855.90, representing 16.04% of operating revenue, an increase of 2.62 percentage points[3] - Research and development expenses for the first three quarters of 2025 were CNY 51,788,100.53, up 20.9% from CNY 42,848,515.96 in 2024[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,353[10] - Total equity attributable to shareholders decreased to CNY 1,065,314,243.43 in 2025 from CNY 1,084,901,470.58 in 2024, a decline of 1.8%[17] Other Financial Metrics - The basic earnings per share for the quarter was ¥0.004, a decrease of 95.00% compared to the same period last year[3] - The weighted average return on equity was 0.05%, a decrease of 0.92 percentage points year-over-year[3] - Financial expenses for the first three quarters of 2025 showed a significant improvement, with a net income of CNY -21,292,042.58 compared to CNY -487,895.35 in 2024[20] - Other comprehensive income after tax for the first three quarters of 2025 was CNY -5,950,600.27, compared to CNY -10,588.57 in 2024[21]

苏州明志科技股份有限公司 信息披露暂缓与豁免管理制度 二〇二五年十月 苏州明志科技股份有限公司 信息披露暂缓与豁免管理制度 第一章 总 则 第一条 为规范苏州明志科技股份有限公司（以下简称"公司"或"本公 司"）的信息披露暂缓与豁免行为，督促公司依法合规履行信息披露义务，保 护投资者的合法权益，根据《中华人民共和国证券法》《上市公司信息披露管 理办法》《上市公司信息披露暂缓与豁免管理规定》（以下简称"《披露豁免 规定》"）、《上海证券交易所科创板股票上市规则》（以下简称"《股票上 市规则》"）、《上海证券交易所科创板上市公司自律监管指引第 1 号——规 范运作》等法律、行政法规、部门规章、规范性文件及《苏州明志科技股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 公司按照《股票上市规则》《披露豁免规定》以及其他相关法律、 行政法规、部门规章、规范性文件的规定，办理信息披露暂缓、豁免业务的， 适用本制度。 第三条 公司拟披露的信息存在相关法律、行政法规、部门规章、规范性文 件及证券交易所规定的可暂缓、豁免披露情形的，由公司自行审慎判断，并接 受证券交易所对相关信息披露暂缓、豁免事 ...