长江商报奔腾新闻记者 徐佳 业绩回温，股价提升，星帅尔（002860.SZ）却遭到实控人及高管集体减持。 9月7日晚间，星帅尔披露股东减持计划。公司控股股东、实际控制人陈丽娟计划在公告披露之日起十五 个交易日后的三个月内，以集中竞价方式或大宗交易方式减持公司股份900万股，占公司总股本比例 2.50%，占剔除公司回购专用账户股份后总股本比例2.56%。 不仅如此，星帅尔的董事、总经理张勇以及三名副总经理孙建、陆游、孙海也拟分别减持公司股份20万 股、13万股、6万股、9万股。 综上，本轮减持中，陈丽娟及星帅尔四名高管拟合计减持公司股份948万股，占公司剔除公司回购专用 账户股份后总股本的2.71%。 目前，陈丽娟、张勇、孙建、陆游、孙海分别持有星帅尔8555.27万股、70.04万股、41.08万股、17.58万 股、28.77万股，占剔除公司回购专用账户股份后总股本的24.29%、0.2%、0.12%、0.05%、0.08%。 半年报显示，星帅尔的主要业务板块中，冰箱、冷柜、空调等压缩机及小家电用配套产品实现营业收入 3.92亿元，同比下降9.89%，占营业收入的比例为34.62%；毛利率为36.67%，同 ...

2020年4月，科捷智能的前身科捷有限新增注册资本，顺丰投资以每一元注册资本3.71元的价格认购， 认购金额合计7026.78万元。同时，科捷智能股东易元投资将其持有科捷有限911.93万元注册资本按每一 元注册资本3.34元的价格，作价3045.85万元转让给顺丰投资。 通过上述交易，顺丰投资合计耗资约1亿元成为科捷有限的第二大股东。2020年11月，顺丰投资还将所 持科捷有限5.8346%的股权（对应注册资本791.39万元）作价3000万元转让给金丰博润。 2020年12月，科捷有限整体变更为股份有限公司。在科捷智能IPO之前，顺丰投资持有其14.85%股份。 2022年9月，科捷智能在科创板上市。 目前，顺丰投资仍直接持有科捷智能2014.55万股，持股比例为11.14%，均为IPO前取得。 长江商报奔腾新闻记者 徐佳 业绩持续亏损，科捷智能（688455.SH）遭到第二大股东减持。 9月7日晚间，科捷智能披露重要股东减持计划。因自身资金需求，公司股东深圳市顺丰投资有限公司 （以下简称"顺丰投资"）拟在2025年9月30日至2025年12月29日期间，合计减持公司股份不超过542.55 万股，不超过公 ...

亿华通原计划收购旭阳集团（01907.HK）旗下旭阳氢能100%股权及资产，同时募集配套资金，向产业链上游延伸。 优化产业链布局对亿华通而言确有必要。长江商报记者发现，2020年至今的5年半，亿华通净利润持续亏损，累计亏损12.14亿元；扣非净利润更是连续亏 损6年半，2019年以来累计亏损14.22亿元。 不过，亿华通依然表示，从应用场景看，中国燃料电池汽车应用场景已由前期单一的公交领域商业化示范应用向多场景示范应用转变，同时也在船舶、热 电联供等新领域展开应用。 点击蓝字关注我们 长江商报记者 黄聪 业绩"断崖式"下滑之下，"氢能A+H第一股"亿华通（688339.SH、02402.HK）的重大资产重组也宣告折戟。 9月5日晚间，亿华通发布公告显示，公司董事会同意公司终止发行股份购买资产并募集配套资金暨关联交易事项，原因为"交易相关方未能就本次交易的 最终方案达成一致意见"。 旭阳集团表示，此次合作标志着双方在氢能产业的深度合作，将共同推动氢能业务的战略发展。 不过，旭阳氢能业绩并不理想，其2023年实现营业收入4.05亿元、净利润5903.3万元。到了2024年，旭阳氢能营业收入降至3.2亿元，净利润降 ...

Core Viewpoint - Guizhou Moutai has reclaimed its title as the "king of stocks" in the A-share market, demonstrating the persistence of the "Moutai curse" despite competition from other companies like Cambricon [1][3][8]. Group 1: Company Performance - Guizhou Moutai's parent company, Moutai Group, received a commitment for a special loan of up to 2.7 billion yuan from a bank [3]. - Moutai Group plans to invest between 3 billion and 3.3 billion yuan to repurchase shares within the next six months [4]. - The company recently completed a share buyback worth 6 billion yuan [5]. - For the first half of 2025, Guizhou Moutai reported a net profit of 45.403 billion yuan, an increase of 8.89% year-on-year [5][11]. Group 2: Market Dynamics - Cambricon briefly surpassed Guizhou Moutai to become the "king of stocks," achieving share prices of 1,587.91 yuan and 1,492.49 yuan on August 28 and 29, respectively [6][7]. - However, Guizhou Moutai regained its position with closing prices of 1,476.10 yuan and 1,491.30 yuan on September 1 and 2, respectively, exceeding Cambricon's prices [7]. - The historical trend shows that companies that have previously surpassed Guizhou Moutai have often seen their stock prices decline shortly after [9][10]. Group 3: Financial Stability - Guizhou Moutai has maintained strong financial performance over the past two decades, with consistent revenue and net profit growth [11]. - In 2024, the company achieved revenues of 174.144 billion yuan and a net profit of 86.228 billion yuan, reflecting year-on-year growth of 15.66% and 15.38%, respectively [11]. - The company has a high gross margin of over 90% and a net profit margin exceeding 50%, along with a low debt-to-asset ratio and strong cash flow [11]. Group 4: Future Outlook - Guizhou Moutai and Moutai Group remain optimistic about future performance, with plans for further share repurchases and investments [12][13]. - As of June 2025, mutual funds held approximately 92.9802 million shares of Guizhou Moutai, indicating growing institutional interest [13].

# a r 长江商报消息●长江商报记者 徐佳 在A股市场波澜壮阔的行情中，银行板块正以惊人的势头成为主角。 继8月6日流通市值首度超越"宇宙行"工商银行后，9月4日，农业银行（601288.SH，01288.HK）总市值达到2.55万亿元，正式问鼎A股总市值榜首。 截至9月5日收盘，农业银行总市值2.48万亿元，依旧是A股总市值最高的上市公司，且2025年内A股及H股涨幅分别达到43%、31.54%，领跑同行。 市场分析认为，银行板块的强势表现源于"稳健业绩+低估值+高股息+政策利好"的多重驱动。以农业银行为例，一直以来，农业银行定位于"服务乡村振兴 的领军银行"和"服务实体经济的主力银行"。2025年上半年，农业银行实现营业收入3699.37亿元，同比增长0.85%；归属于母公司股东的净利润（净利润， 下同）1395.1亿元，同比增长2.66%，成为上半年唯一一家实现营业收入和净利润双增的国有行。 长江商报记者注意到，特别是在支农助农方面，2025年上半年，农业银行的县域贷款增加9164亿元，余额站稳10万亿元，县域贷款占境内贷款比重升至 40.9%。 不仅如此，国有六大行在2025年中期拟合计派现2047 ...

Core Viewpoint - The competition for the title of "King of A-shares" between Kweichow Moutai and Cambricon Technologies has been intense, with Moutai reclaiming its position shortly after being surpassed [1][4] Group 1: Company Performance - Kweichow Moutai's strong fundamentals have allowed it to maintain its status as the top high-priced stock in A-shares, with a consistent growth in revenue and net profit over the past two decades [10] - In 2024, Kweichow Moutai achieved a revenue of 1741.44 billion and a net profit of 862.28 billion, reflecting a year-on-year growth of 15.66% and 15.38% respectively [10] - For the first half of 2025, despite a decline in the overall liquor market, Kweichow Moutai reported a revenue of 910.94 billion and a net profit of 454.03 billion, with growth rates of 9.16% and 8.89% [3][10] Group 2: Shareholder Actions - Kweichow Moutai's controlling shareholder, Moutai Group, plans to invest between 30 billion and 33 billion to buy back company shares within the next six months [2][11] - The company has recently completed a share repurchase plan costing 60 billion, acquiring 3.9276 million shares [11] - Moutai Group has also secured a loan commitment of up to 27 billion from Agricultural Bank of China to support its share buyback efforts [12] Group 3: Market Dynamics - Cambricon Technologies briefly held the title of "King of A-shares" but faced a significant price adjustment shortly after, indicating the volatility in the tech sector [5][9] - The demand for domestic AI chips is increasing due to global tech competition, positioning Cambricon as a key player in this market, often referred to as the "NVIDIA of China" [4][9] - Historical trends show that challengers to Kweichow Moutai's title often experience rapid declines in stock price after initially surpassing it, reinforcing the "Moutai curse" [6][7][9]

Core Viewpoint - The recent surge in the stock price of Xian Dao Intelligent is attributed to its successful breakthrough in mass production of all-solid-state batteries, leading to a significant increase in market capitalization and the personal wealth of its founder Wang Yanqing [2][7]. Company Development - Xian Dao Intelligent, originally a small equipment manufacturer in Wuxi, has evolved into a leader in the lithium battery equipment sector since its establishment in 2009 by Wang Yanqing, who identified the potential of solid-state batteries in 2018 [2][6]. - The company successfully transitioned from capacitor equipment to lithium battery equipment during the 2008 financial crisis, which allowed it to survive and thrive in a growing market [5][6]. Financial Performance - In the first half of 2025, Xian Dao Intelligent reported revenue of 6.61 billion yuan, a year-on-year increase of 14.92%, and a net profit of 740 million yuan, up 61.19%, reversing previous declines [8]. - The company's stock price has seen a continuous rise, with a market capitalization increase of 37.9 billion yuan over six days, reaching 84.26 billion yuan [1][7]. Market Position and Future Outlook - Xian Dao Intelligent has established itself as a leading supplier in the lithium battery equipment industry, benefiting from the high demand driven by major battery manufacturers like CATL and EVE Energy [8]. - The company is positioned to capitalize on the growing market for all-solid-state batteries, with plans to release a fully proprietary production line solution by June 2024 [7].

Core Viewpoint - The company, Yingke Medical, is continuing its share repurchase plan, adjusting the maximum repurchase price from 26.51 CNY to 41.88 CNY per share due to a significant increase in its stock price [2][11]. Financial Performance - In the first half of 2025, Yingke Medical achieved a revenue of 49.13 billion CNY, representing an 8.90% year-on-year growth, and a net profit attributable to shareholders of 7.10 billion CNY, which is a 21.02% increase compared to the previous year [3][4]. - The company reported a strong recovery in 2024, with a revenue of 95.23 billion CNY, up 37.65%, and a net profit of 14.65 billion CNY, up 282.63% [6]. Market Position and Strategy - Yingke Medical is a comprehensive medical care product supplier based in China, focusing on personal protective equipment, rehabilitation care, and other medical products, with a significant emphasis on disposable gloves [8][9]. - The company has rapidly diversified its market presence, particularly in non-American regions, achieving a 45% year-on-year increase in sales revenue from overseas non-American markets in the first half of 2025 [7][11]. Production Capacity and Innovation - The annual production capacity for disposable non-latex gloves has reached 87 billion units, positioning the company as a global leader in this sector [9]. - The company invested 2.04 billion CNY in research and development in the first half of 2025, maintaining a product quality rate of over 99% for its glove products [3][10]. Stock Performance and Confidence - Since July, Yingke Medical's stock price has increased by 46.73%, with a maximum increase of 72.52%, prompting the company to raise its share repurchase price to ensure the smooth execution of its repurchase plan [11].

Core Viewpoint - After the change of actual controller, Jifeng Technology (300022.SZ) is undergoing significant transformations, including the establishment of a wholly-owned subsidiary, Jifeng Aviation, to focus on the low-altitude economy [1][2][9] Group 1: Company Developments - On September 5, Jifeng Technology announced the establishment of Jifeng Aviation with a capital of 50 million yuan, aimed at developing the low-altitude economy business [1][2] - The actual controller of Jifeng Technology changed to Tian Gangyin, with Tian Gangqiang appointed as the new chairman [1][3][8] - The company is leveraging the advantages of its new controlling shareholder, Anhui Lanshi, and its indirect controlling shareholder, Shenzhen United Aircraft Technology, to enhance its low-altitude business [4][9] Group 2: Financial Performance - In 2024, Jifeng Technology reported a revenue of 2.709 billion yuan, a year-on-year increase of 2.24%, but incurred a net loss of 30.81 million yuan [6] - In the first half of 2025, the company achieved a revenue of 1.462 billion yuan, a slight decrease of 0.45%, while net profit increased by 177.01% to 4.0473 million yuan [7]

Core Viewpoint - The company Kuangda Technology (002516.SZ) is undergoing a significant ownership change, with its controlling shareholder, Shen Jialiang, transferring 28% of the company's shares to Zhuzhou Qichuang, which is expected to enhance the company's long-term development and operational efficiency [1][5][6]. Company Overview - Kuangda Technology specializes in the research, production, and sales of automotive interior materials and components, as well as the investment and operation of photovoltaic power plants [3][9]. - The company has also entered the radio frequency front-end filter sector through its investment in a joint venture, Chip Investment Microelectronics [3][9]. Share Transfer Details - Shen Jialiang signed a share transfer agreement on September 5, 2025, to transfer 412 million shares at a price of 5.39 yuan per share, totaling 2.22 billion yuan [4][5]. - Following the transfer, Shen and his associates will hold approximately 327 million shares, representing 22.21% of the total shares, and will relinquish all voting rights associated with these shares [5][6]. Financial Performance - In the first half of 2025, Kuangda Technology reported revenues of 1.066 billion yuan, a year-on-year increase of 7.09%, and a net profit of 76.77 million yuan, also up 7.01% [1][8]. - The company's financial health is strong, with cash and trading financial assets amounting to 235 million yuan and 617 million yuan, respectively, and no short-term or long-term debt, resulting in an asset-liability ratio of only 18.23% [2][8]. Historical Performance - From 2021 to 2024, Kuangda Technology's revenue showed a steady increase, with figures of 1.724 billion yuan, 1.784 billion yuan, 1.803 billion yuan, and 2.098 billion yuan, reflecting growth rates of 15.68%, 3.51%, 1.09%, and 16.35% respectively [7]. - The automotive interior business generated 1.926 billion yuan in revenue in 2024, marking a 20.88% increase, while the photovoltaic segment saw a decline in revenue and profitability [7][8]. Industry Context - The automotive interior materials sector is experiencing complex and changing dynamics, with Kuangda Technology positioned to meet diverse market demands through its comprehensive production capabilities and product offerings [9]. - The company is also expanding its technological capabilities in the radio frequency front-end filter market, having acquired a Japanese company and established partnerships with domestic firms [9].