长江商报消息 ●长江商报记者 潘瑞冬 作为石油和化学工业工程领域的"国家队"，中国化学（601117.SH）订单收获颇丰。 近日，中国化学公告称，公司2025年1—8月新签合同额2563.39亿元，其中境内合同额2060.48亿元，境 外合同额502.91亿元。 业绩方面，2025年上半年，中国化学归母净利润同比增长9.26%，达31.02亿元。长江商报记者注意到， 此前七年，即2018年至2024年，中国化学的营业收入和归母净利润连续七年实现双增，加上2025年上半 年，这七年半，公司累计实现归母净利润329.16亿元。 境内订单增长6.52% 净利稳健增长 中国化学是我国石油和化学工业体系建设的"国家队"，在基础化工、石油化工、煤化工上具备领先优 势。公司在全球完成工程项目7万多个，业务遍布全球80多个国家和地区，位居全球油气服务领域第 一。 1953年成立至今，中国化学承担了我国90%的化工项目、70%的石油化工项目。目前，化学工程业务依 然是公司传统的核心业务，也是收入和利润的主要来源。 近年来，中国化学的业绩稳步增长。同花顺数据显示，2017年，中国化学的营业收入和归母净利润分别 为585.71亿元 ...

Core Insights - The film "731" has sparked significant interest in the Chinese film market, contributing to a recovery in the industry and an increase in stock prices of related companies [1][2][11] Film Performance - "731" was released on September 18 and broke three historical records for Chinese cinema, including the highest number of screenings on opening day [5] - As of September 22, the film's box office exceeded 12.7 billion yuan [2][6] Company Impact - The film's production involved companies like Changying Group and Poly Film, with Changying Group not being publicly listed but having a related entity, Jishi Media, that has seen a stock price increase of approximately 136% over two months [3][4][7] - Jishi Media's market capitalization rose by about 8.7 billion yuan during this period [4][7] - Other companies like China Film and Tonghong Technology, which have ties to Changying Group, also experienced stock price increases of 39% and 53% respectively, with market capitalizations rising by 8.7 billion yuan and 1.5 billion yuan [11] Industry Trends - The overall Chinese film industry is showing signs of recovery, with a reported 22.9% year-on-year increase in total box office revenue for the first half of 2025 [12]

巴菲特清仓了比亚迪（002594.SZ、01211.HK）的消息在网上流传，伴随的是，投资17年，巴菲特的投 资回报超过38倍。 9月22日，比亚迪集团品牌及公关处总经理李云飞回应称，股票投资，有买就有卖，这是很正常的事 情。他同时表示，感谢芒格和巴菲特对比亚迪的认可。 2008年，听从已经去世的老搭档查理·芒格的建议，巴菲特买了比亚迪。伯克希尔以每股8港元的价格， 买了比亚迪港股2.25亿股，耗资约18亿港元。14年后的2022年，伯克希尔哈撒韦才开始减持，2024年7 月，其持股比降至5%以下。 据统计，巴菲特持有比亚迪股票的这些年里，比亚迪的股价上涨了约3890%。 被股神巴菲特长期持有的比亚迪确实表现了较高成长性。Wind数据显示，2011年A股上市以来，比亚迪 累计盈利1284.97亿元。其中，2024年，公司盈利超过400亿元。 比亚迪核心人员看好公司发展前景。近期，37名核心人员（含高管）合计斥资5232.78万元增持公司股 份。 17年长投回报超38倍 股神巴菲特投资比亚迪，堪称是大赚特赚。 长江商报消息 ●长江商报记者 沈右荣 根据公开信息，2008年，听从已经去世的老搭档查理·芒格的建议， ...

长江商报奔腾新闻记者 张璐 相关基金到期退出 "华润系"欲减持山西汾酒（600809.SH）。 9月22日，山西汾酒发布公告称，其股东华创鑫睿（香港）有限公司（简称"华创鑫睿"）因旗下基金到 期清算，拟通过大宗交易方式减持所持有的部分山西汾酒股份，减持数量不超过1620.06万股，减持比 例不超1.33%。 当前，中国白酒行业正经历一场深刻的周期性调整，行业整体产量、销售额及利润均承受一定压力。 在"总量收缩、分化加剧"的背景下，企业能保持稳健前行极为不易。在此环境下，山西汾酒交出一份较 为稳健的半年报。2025年上半年，山西汾酒实现营收239.64亿元，同比增长5.35%；净利润85.05亿元， 同比增长1.13%。 山西汾酒主营汾酒、竹叶青酒及杏花村酒的生产与销售。经营数据显示，今年上半年，其核心产品汾酒 系列实现营收233.91亿元，占公司总营收比重约98%，产品结构高度集中；其他酒类实现销售收入4.84 亿元，同比下降10.55%。产品结构内部优化明显。 此外，值得一提的是，山西汾酒的成功也离不开其前瞻性的全国化战略。按地区划分，今年上半年，山 西汾酒在山西省内、省外分别实现销售收入87.32亿元、1 ...

Group 1 - Longfly Fiber's largest shareholder, DrakaComteq B.V., completely divested its holdings, selling 37.5953 million H-shares on September 19, 2025, and no longer holds any shares in the company [2] - As of March 31, 2025, both DrakaComteq B.V. and China Huaxin Post and Telecommunications Technology Co., Ltd. are the largest shareholders of Longfly Fiber, each holding 180 million shares, representing 23.73% of the total shares [2] - From the beginning of the second quarter of 2025 until now, DrakaComteq B.V. has sold all of its 180 million shares, during which Longfly Fiber's A-shares rose by 259.2% and H-shares increased by 297.42% [2] Group 2 - Longfly Fiber's stock price surged over four times from HKD 11.93 per share at the beginning of the year to HKD 61.6 per share on September 19, 2025, while the A-share price increased by over three times during the same period [3] - In 2024, Longfly Fiber faced revenue pressure, reporting operating income of CNY 12.197 billion, a year-on-year decrease of 8.65%, and a net profit attributable to shareholders of CNY 676 million, down 47.91% year-on-year [3] - In the first half of 2025, the company achieved operating income of CNY 6.384 billion, a year-on-year increase of 19.38%, while the net profit attributable to shareholders was CNY 296 million, down 21.71% year-on-year [3] Group 3 - The market has shown increasing interest in optical fiber and cable products related to computing data centers, particularly hollow-core fibers; however, Longfly Fiber stated that these products currently represent a small proportion of global demand for optical fibers and cables [4] - The application of hollow-core fibers is still in its early stages, lacking scale sales and stable pricing and profit levels, with no significant impact on the company's financial data yet [4] - In July 2025, China Mobile launched its first commercial hollow-core fiber, with Longfly Fiber being the sole bidder at an actual bid price of approximately CNY 36,000 per core kilometer [4]

Core Viewpoint - Lixun Precision's stock price has reached a new high following a partnership with OpenAI to develop a consumer-grade device, while also experiencing increased demand from Apple for iPhone 17 production [2][3]. Group 1: Stock Performance and Market Reaction - On September 22, Lixun Precision's stock price hit the daily limit, closing at 60.95 yuan per share, with a total market capitalization of 442 billion yuan [2]. - The company’s actual controller, Wang Laisheng, has been actively increasing his stake in the company, having purchased 4.4145 million shares for a total of 201 million yuan [2][3]. Group 2: Financial Performance - Lixun Precision reported a revenue of 124.503 billion yuan for the first half of 2025, marking a year-on-year increase of 20.18%, and a net profit of 6.644 billion yuan, up 23.13% year-on-year [3]. - The company anticipates a net profit of between 10.89 billion yuan and 11.344 billion yuan for the first three quarters of 2025, representing a growth of 20% to 25% compared to the same period last year [4]. Group 3: Strategic Developments - Lixun Precision is in the process of an IPO in Hong Kong, with expected fundraising exceeding 1 billion USD, aimed at supporting its global strategic expansion [4]. - The company is recognized for its precision manufacturing capabilities across various sectors, including consumer electronics, automotive, communication, industrial, and medical fields, serving leading global brand clients [3].

Core Viewpoint - Yuhua Technology (300360.SZ) has won a bid from State Grid Corporation for the procurement of metering devices, which is expected to positively impact the company's future operations and performance [2][3] Group 1: Bid Details - On September 22, Yuhua Technology announced a pre-bid win for State Grid's 2025 procurement, covering 10 packages with a total of 440,900 units and a total value of approximately 142 million yuan [2] - The breakdown of the bid includes: - 320,000 units of A-level single-phase smart energy meters valued at 43.2 million yuan - 75,000 units of B-level three-phase smart energy meters valued at 25.4 million yuan - 9,000 units of C-level smart energy meters valued at 4.8 million yuan - 13,000 units of smart fusion terminals valued at 33.4 million yuan - 14,900 units of dedicated transformer collection terminals valued at 15.2 million yuan - 9,000 units of modular dedicated transformer terminals valued at 19.8 million yuan [2] Group 2: Financial Performance - For the first half of 2025, Yuhua Technology reported revenue of 884 million yuan, a year-on-year decrease of 12.88%, while net profit was 345 million yuan, a year-on-year increase of 1% [4] - The revenue decline was primarily due to fluctuations in market demand for traditional business areas, despite these areas accounting for 80.26% of total revenue [4] - The company experienced growth in its IoT communication, sensor, and accessory business, with revenue of 80.55 million yuan, a year-on-year increase of 27.57%, and a gross margin of 47.28%, up 11.68 percentage points [4] Group 3: Financial Health - As of the end of the first half of 2025, Yuhua Technology's debt-to-asset ratio was 13.98%, remaining below 20% for most of the past eight years [5] - The company has maintained a high level of financial management efficiency, with financial expenses being negative for 13 consecutive years since 2012, reaching -57.64 million yuan in 2024 [5] - Financial expenses continued to optimize, amounting to -47.09 million yuan in the first half of 2025 [5]

Core Viewpoint - Shanghai Construction Group (600170.SH) has experienced a significant stock price surge due to rumors regarding increased gold reserves at its subsidiary, Zala Mining, despite the company clarifying that these claims are outdated and not new positive news [2][3] Group 1: Stock Performance - Shanghai Construction Group's stock has achieved five consecutive daily limit-ups, with a total increase of 60.99% over five days, closing at 3.88 yuan per share, marking a nearly four-year high [2] - The stock price surge is attributed to market speculation about Zala Mining's gold reserves, prompting the company to issue multiple announcements to clarify the situation [2] Group 2: Company Clarifications - The company confirmed that its operations are normal and there are no undisclosed significant matters, with the controlling shareholder also confirming no major asset restructuring or stock incentive plans [2] - Shanghai Construction Group emphasized that the rumors regarding increased gold reserves are based on information disclosed in August 2020 and do not represent new developments [2] Group 3: Business Performance - The company's gold business revenue has historically been a small fraction of total revenue, with figures from 2019 to the first half of 2025 showing gold revenue never exceeding 0.5% of total revenue [3] - In the first half of 2025, the company reported total revenue of 1050.42 billion yuan, a year-on-year decline of 28.04%, with net profit down 14.07% to 7.1 billion yuan [3] - The traditional construction contracting business saw a significant revenue drop of 30%, while the gold sales business achieved revenue of 4.03 billion yuan, an 8.44% increase year-on-year, contributing 1.46 billion yuan to total gross profit [3]

Group 1 - Company signed an EPC contract worth $513 million (approximately 3.688 billion RMB) with ADNOC Gas for the UAE LNG pipeline project [2][3] - The project has a construction period of 36 months followed by a 12-month warranty period [3] - Successful implementation of the project is expected to positively impact the company's revenue and profit over the next 3-4 years [3] Group 2 - Company has recently secured multiple large contracts in the Middle East, including a $2.524 billion (approximately 18.032 billion RMB) contract for the Iraq seawater pipeline project [4] - As of June 2025, the company's contract liabilities reached 35.15 billion RMB, showing consistent growth over the past three years [4] - Revenue from overseas markets accounted for 28.83% of the company's total income in the first half of 2025 [4]

长江商报消息●长江商报记者 黄聪 小米汽车又召回了，依旧是SU7标准版。 9月19日，国家市场监督管理总局发布公告称，日前，小米汽车科技有限公司（简称"小米汽车"）备案 了召回计划，决定自即日起，召回2024年2月6日至2025年8月30日生产的部分SU7标准版电动汽车，共 计11.69万辆。 值得注意的是，小米汽车此次召回理由为"辅助驾驶功能"缺陷，而半年前公司小米SU7的辅助驾驶问题 备受外界关注。 事实上，2025年1月，小米汽车计划召回SU7标准版电动汽车共计3.09万辆。 2025年以来，小米SU7已进行了两次召回，合计召回汽车14.78万辆。 而且，根据小米汽车提供的召回车辆型号，长江商报记者发现，两次召回汽车大概率有部分重复，最新 召回的部分小米SU7标准版属于"二次召回"。 交付量方面，上牌数据显示，2025年前8月，小米汽车销量达22.48万辆，完成全年35万辆目标约64%。 辅助驾驶存缺陷 9月19日，国家市场监督管理总局发布的公告显示，日前，小米汽车备案了召回计划，决定自即日起， 召回2024年2月6日至2025年8月30日生产的部分SU7标准版电动汽车，共计11.69万辆。 公告显示， ...