Core Viewpoint - Zhou Dasheng Jewelry Co., Ltd. engaged in a specific investor research activity on December 24, 2025, discussing various aspects of its business with nine institutional investors, focusing on brand strategy, product development, and sales performance [1][2]. Group 1: Investor Research Activity - The investor research activity took place at the company's headquarters with participation from nine institutions, including Kaiyuan Securities and Yingfeng Capital [2]. - Key discussion topics included brand matrix construction, the progress of the "National Treasure" IP project, product structure and R&D innovation, and terminal sales performance [2][3]. Group 2: Brand Strategy - Investors inquired about the company's brand strategy, specifically regarding brand tiering, market positioning differentiation, and channel collaboration [2]. Group 3: "National Treasure" IP Project - The "National Treasure" series has received positive market feedback, and investors were interested in future product planning, cultural element integration, and supply chain support [2]. Group 4: Product Structure and R&D - Discussions included product category optimization, the proportion of design and R&D investment, and the application of new technologies to enhance gross margin [2]. Group 5: Terminal Sales Performance - Investors focused on terminal sales data, including recent store traffic, same-store revenue growth, and contributions from online channels such as live e-commerce [3]. Group 6: Compliance and Information Disclosure - The company adhered to information disclosure regulations, ensuring the accuracy and completeness of the information shared during the investor meeting, with all participants signing a confidentiality agreement [4].

进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为649.18万元。该股近5个交易日累 计上涨34.00%，主力资金合计净流入5258.51万元。 责任编辑：小浪快报 第1笔成交价格为6.50元，成交36.00万股，成交金额234.00万元，溢价率为-3.56%，买方营业部为华泰 证券股份有限公司深圳益田路证券营业部，卖方营业部为华泰证券股份有限公司深圳益田路证券营业 部。 第2笔成交价格为6.74元，成交30.00万股，成交金额202.20万元，溢价率为0.00%，买方营业部为国泰海 通证券股份有限公司深圳福华三路证券营业部，卖方营业部为机构专用。 12月24日，华联控股收涨9.95%，收盘价为6.74元，发生2笔大宗交易，合计成交量66万股，成交金额 436.2万元。 ...

Group 1 - The company held an investor conference call on December 23, 2025, organized by Xinda Securities, where the Vice President and Secretary of the Board, Zhang Qiqiang, presented the company's basic situation, development strategy, and recent progress [1] - The company emphasized the importance of adhering to commitment letters and information disclosure regulations during the meeting [1] Group 2 - The delivery and revenue recognition cycle for nuclear power valves typically spans 2-3 years, with orders being delivered in batches after the production plan is approved by the owner [2] - The company highlighted that despite the design lifespan of nuclear power valves being up to 60 years, the need for replacement parts is driven by factors such as material aging and environmental conditions, leading to a growing market for replacement parts [3] Group 3 - The company reported significant progress in expanding its overseas market presence, with improvements in export market access and certification [4] - The future target for the value of products in a single unit is to exceed 100 million yuan, with growth expected from new product categories and the replacement parts market [4] - The company is actively investing in research and development for special valves aimed at advanced nuclear energy applications, including nuclear fusion [4] Group 4 - New production capacity is expected to gradually be released starting in early 2026, as the new production line is currently undergoing equipment installation [4]

Core Viewpoint - Nanwei Medical's stock price has shown a significant increase of 28.14% year-to-date, with a recent uptick of 2.04% on December 24, 2023, indicating positive market sentiment towards the company [1]. Financial Performance - For the period from January to September 2025, Nanwei Medical achieved a revenue of 2.381 billion yuan, reflecting a year-on-year growth of 18.29% [2]. - The net profit attributable to the parent company for the same period was 509 million yuan, marking a year-on-year increase of 12.90% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Nanwei Medical increased to 12,500, up by 1.38% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 1.36% to 15,009 shares [2]. Dividend Distribution - Since its A-share listing, Nanwei Medical has distributed a total of 978 million yuan in dividends, with 664 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 3.6594 million shares as a new shareholder [3]. - Huabao Zhongzheng Medical ETF (512170) is the seventh-largest circulating shareholder, holding 3.2232 million shares, which is a decrease of 459,000 shares from the previous period [3]. - Zhonggeng Value Pioneer Stock (012930) is the eighth-largest circulating shareholder, holding 3.0087 million shares, with an increase of 103,000 shares compared to the previous period [3].

Group 1 - The core viewpoint of the news is that Zhangyue Technology's stock has shown fluctuations, with a recent increase of 2.01% and a total market value of 8.471 billion yuan [1] - As of September 30, 2025, Zhangyue Technology reported a revenue of 2.462 billion yuan, representing a year-on-year growth of 28.68%, while the net profit attributable to shareholders was -217 million yuan, a decrease of 488.26% compared to the previous period [2] - The company has a diverse revenue structure, with digital reading platforms contributing 63.75%, derivative businesses 30.02%, copyright products 6.12%, and others 0.12% [1] Group 2 - The number of shareholders for Zhangyue Technology decreased by 10.44% to 56,500 as of September 30, 2025, while the average circulating shares per person increased by 11.66% to 7,771 shares [2] - The company has distributed a total of 302 million yuan in dividends since its A-share listing, with 123 million yuan distributed in the last three years [3] - Institutional holdings show that Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, increasing its holdings by 2.1304 million shares to 11.2868 million shares [3]

Core Viewpoint - Longxi Co., Ltd. has shown significant stock price performance, with a year-to-date increase of 150.33%, despite recent fluctuations in trading volume and net inflow of funds [1][2]. Group 1: Stock Performance - As of December 24, Longxi's stock price increased by 2.01% to 24.37 CNY per share, with a trading volume of 3.78 billion CNY and a turnover rate of 3.94%, resulting in a total market capitalization of 9.737 billion CNY [1]. - The stock has experienced a 1.67% increase over the last five trading days, a 5.54% decrease over the last 20 days, and a 13.69% decrease over the last 60 days [1]. - Longxi has appeared on the "龙虎榜" (a stock trading leaderboard) eight times this year, with the most recent appearance on December 5, where it recorded a net buy of -124 million CNY [1]. Group 2: Company Overview - Longxi Co., Ltd. was established on December 24, 1997, and went public on August 5, 2002. The company specializes in the research, production, and sales of various types of bearings and gearboxes [2]. - The revenue composition of Longxi includes 62.11% from bearing products, 32.42% from metal material trading, 2.82% from gearboxes, and other segments contributing smaller percentages [2]. - As of September 30, the number of shareholders increased by 28.51% to 74,500, while the average circulating shares per person decreased by 22.18% to 5,363 shares [2]. Group 3: Financial Performance - For the period from January to September 2025, Longxi reported a revenue of 1.067 billion CNY, reflecting a year-on-year decrease of 22.23%, and a net profit attributable to shareholders of 117 million CNY, down 29.38% year-on-year [2]. - The company has distributed a total of 876 million CNY in dividends since its A-share listing, with 109 million CNY distributed over the last three years [3]. Group 4: Shareholder Structure - As of September 30, 2025, the third-largest circulating shareholder is Yongying Advanced Manufacturing Mixed Fund, holding 5.4627 million shares, a decrease of 12.3516 million shares from the previous period [3]. - New shareholders include Hong Kong Central Clearing Limited, holding 2.2686 million shares, and Dongfang Alpha Preferred Mixed Fund, holding 1.0467 million shares [3].

Core Viewpoint - Anji Technology has shown significant stock performance with a year-to-date increase of 107.71% and a market capitalization of 37.42 billion yuan as of December 24 [1]. Group 1: Stock Performance and Market Activity - On December 24, Anji Technology's stock rose by 2.05%, reaching 222.00 yuan per share, with a trading volume of 461 million yuan and a turnover rate of 1.25% [1]. - The stock has increased by 9.39% over the last five trading days, 15.22% over the last 20 days, and 13.68% over the last 60 days [1]. - The net outflow of main funds was 1.82 million yuan, with large orders accounting for 26.89% of purchases and 27.82% of sales [1]. Group 2: Financial Performance - For the period from January to September 2025, Anji Technology reported a revenue of 1.812 billion yuan, representing a year-on-year growth of 38.09%, and a net profit attributable to shareholders of 608 million yuan, up 54.96% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 178 million yuan, with 125 million yuan distributed over the past three years [3]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders increased by 48.24% to 16,800, while the average circulating shares per person decreased by 32.30% to 10,037 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 18.796 million shares, an increase of 6.0729 million shares from the previous period [3]. - New institutional shareholders include the Guotai CSI Semiconductor Materials and Equipment Theme ETF, holding 1.219 million shares [3].

12月24日，百利天恒盘中下跌2.00%，截至14:14，报342.40元/股，成交1.57亿元，换手率0.44%，总市 值1413.68亿元。 截至9月30日，百利天恒股东户数5979.00，较上期增加25.08%；人均流通股17208股，较上期减少 20.05%。2025年1月-9月，百利天恒实现营业收入20.66亿元，同比减少63.52%；归母净利润-4.95亿元， 同比减少112.16%。 机构持仓方面，截止2025年9月30日，百利天恒十大流通股东中，中欧医疗健康混合A（003095）位居 第三大流通股东，持股370.19万股，相比上期减少57.78万股。香港中央结算有限公司位居第四大流通股 东，持股289.57万股，相比上期减少69.64万股。华夏上证科创板50成份ETF（588000）位居第五大流通 股东，持股283.37万股，相比上期减少159.13万股。易方达上证科创板50ETF（588080）位居第六大流 通股东，持股229.92万股，相比上期减少101.89万股。永赢医药创新智选混合发起A（015915）位居第 七大流通股东，持股164.98万股，为新进股东。汇添富创新医药混合A（006 ...

Core Viewpoint - The stock price of Quectel Wireless Solutions has shown significant fluctuations, with a year-to-date increase of 40.20% and recent declines in the short term, indicating a volatile market environment for the company [2]. Group 1: Stock Performance - As of December 24, the stock price increased by 2.10% to 94.59 CNY per share, with a trading volume of 450 million CNY and a turnover rate of 1.84%, resulting in a total market capitalization of 24.75 billion CNY [1]. - Year-to-date, the stock has risen by 40.20%, with a slight decline of 0.22% over the last five trading days, an increase of 8.56% over the last 20 days, and a decrease of 6.17% over the last 60 days [2]. Group 2: Company Overview - Quectel Wireless Solutions, established on October 25, 2010, and listed on July 16, 2019, specializes in the design, production, research, and sales of wireless communication modules and solutions in the Internet of Things (IoT) sector [2]. - The company's main revenue sources are wireless modules and antennas, accounting for 99.32% of total revenue, with other sources contributing 0.68% [2]. - The company operates within the communication equipment sector, focusing on communication terminals and accessories, and is involved in various concept sectors including millimeter-wave radar, autonomous driving, 6G, drones, and 5G [2]. Group 3: Financial Performance - For the period from January to September 2025, Quectel achieved a revenue of 17.877 billion CNY, representing a year-on-year growth of 34.96%, while the net profit attributable to shareholders was 733 million CNY, reflecting a significant increase of 105.65% [2]. - Since its A-share listing, the company has distributed a total of 749 million CNY in dividends, with 540 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 42,400, a rise of 10.63%, with an average of 6,174 circulating shares per person, which is a decrease of 9.61% from the previous period [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 17.75 million shares, an increase of 1.1141 million shares compared to the previous period, while Ruiyuan Growth Value Mixed A (007119) holds 2.9047 million shares, a decrease of 19.82% [3].

Core Viewpoint - The stock of Ruiskanda has shown significant price movements and trading activity, indicating investor interest and market dynamics in the telecommunications equipment sector [1][2]. Group 1: Stock Performance - Ruiskanda's stock price increased by 24.84% year-to-date, with a recent 11.31% rise over the last five trading days and a 31.02% increase over the past 60 days [2]. - The stock reached a price of 11.91 CNY per share, with a trading volume of 2.31 billion CNY and a turnover rate of 4.69% [1]. Group 2: Financial Performance - For the period from January to September 2025, Ruiskanda reported a revenue of 846 million CNY, reflecting a year-on-year decrease of 17.88%. However, the net profit attributable to shareholders was -47.09 million CNY, showing a year-on-year increase of 27.61% [3]. - The company has distributed a total of 311 million CNY in dividends since its A-share listing, with 24.31 million CNY distributed over the last three years [4]. Group 3: Shareholder and Market Activity - As of September 30, 2025, Ruiskanda had 33,800 shareholders, a decrease of 18.56% from the previous period, with an average of 12,560 circulating shares per shareholder, an increase of 22.78% [3]. - The company has appeared on the stock market's "Dragon and Tiger List" nine times this year, with the most recent appearance on November 26, where it recorded a net buy of -55.60 million CNY [2].