Core Viewpoint - 科润智控 (920062) experienced a decline of 3.58% on the trading day, with a turnover rate of 21.24% and a total transaction amount of 369 million yuan, indicating significant trading activity and potential volatility in the stock [2] Trading Activity Summary - The stock was listed on the龙虎榜 due to its turnover rate reaching 21.24%, with institutional investors net selling 3.67 million yuan [2] - The top five trading departments had a combined transaction amount of 86.1 million yuan, with buying amounting to 39.76 million yuan and selling amounting to 46.35 million yuan, resulting in a net sell of 6.59 million yuan [2] - One institutional specialized seat was noted among the trading departments, with a buying amount of 3.66 million yuan and a selling amount of 7.34 million yuan, leading to a net sell of 3.67 million yuan [2] Historical Performance - Over the past six months, the stock has appeared on the龙虎榜 six times, with an average price drop of 1.96% the day after being listed and an average decline of 4.29% over the following five days [2]

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每经讯，2025年11月6日，北交所上市公司科润智控（920062，收盘价：12.66元）登上龙虎榜，交易方式是连续竞价，披露原因 是当日换手率达到21.24%，成交数量2832.97万股，成交金额3.69亿元。买一席位为东莞证券股份有限公司东莞南城东莞大道证 券营业部，买入1096.83万元；卖一席位为国信证券股份有限公司深圳互联网分公司，卖出1358.31万元。 每日经济新闻 （记者 曾健辉） ...

Group 1 - The stock of KORUN Intelligent Control (920062) increased by 5.63% with a turnover rate of 30.08%, and a total transaction amount of 522 million yuan, showing a volatility of 19.83% [1][2] - Institutional investors net bought 1.4133 million yuan, while brokerage seats collectively net sold 3.2683 million yuan [1][2] - The stock has appeared on the daily trading list five times in the past six months, with an average decline of 1.55% the day after being listed and an average decline of 4.47% over the following five days [3] Group 2 - The top five brokerage seats accounted for a total transaction amount of 117 million yuan, with a buying amount of 57.6554 million yuan and a selling amount of 59.5104 million yuan, resulting in a net sell of 1.8550 million yuan [2][3] - The specific buying and selling activities of the top brokerage seats were detailed, with the first seat being Guosen Securities, which had a buying amount of 13.1795 million yuan and a selling amount of 19.6294 million yuan [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown rapid growth in its main business, although the production of subsidiaries has lowered the overall gross margin. The transformer export value has reached a historical high for four consecutive months [4][9] - The energy structure transformation and the demand for AI computing power are driving the power equipment market into a high growth cycle. The global investment in the power sector is expected to reach $1.5 trillion in 2025, with grid investment surpassing $400 billion for the first time [9] - The company is projected to achieve revenues of 1.65 billion yuan in 2025, with a year-on-year growth rate of 22.46%, and net profits of 48 million yuan, reflecting a growth rate of 11.38% [9] Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 1.039 billion yuan, a year-on-year increase of 22.38%, while the net profit attributable to the parent company was 20 million yuan, a decrease of 23.00% [5] - In Q3 2025, the company reported operating revenue of 338 million yuan, a year-on-year increase of 3.14%, but a net loss of 3 million yuan, a decline of 144.87% year-on-year [5] - The gross margin for the first three quarters of 2025 was 12.18%, down 3.97 percentage points year-on-year, and the net margin was 2.01%, down 1.06 percentage points year-on-year [9] Revenue and Profit Forecast - The forecast for total operating revenue from 2025 to 2027 is 1.65 billion yuan, 2.19 billion yuan, and 2.80 billion yuan, with growth rates of 22.46%, 32.89%, and 27.79% respectively [7] - The net profit attributable to the parent company is expected to be 48 million yuan, 65 million yuan, and 89 million yuan for the years 2025 to 2027, with growth rates of 11.38%, 35.21%, and 38.39% respectively [9] - The earnings per share (EPS) for the same period is projected to be 0.25 yuan, 0.34 yuan, and 0.47 yuan [9] Market Performance - The company's stock price has shown relative returns of 11.17% over the past month, 1.63% over the past three months, and 29.62% over the past year compared to the North Securities 50 index [3]

Group 1 - The core point of the article is that KERUN Intelligent Control (stock code: 920062) experienced significant trading activity on November 5, 2025, with a turnover rate of 30.08% and a trading volume of 40.1275 million shares, amounting to a total transaction value of 522 million yuan [1] Group 2 - The top buyer was Guosen Securities Co., Ltd. Shenzhen Internet Branch, purchasing shares worth 13.1795 million yuan [1] - The top seller was also Guosen Securities Co., Ltd. Shenzhen Internet Branch, selling shares worth 19.6294 million yuan [1]

Core Points - The total trading volume of stocks on the Beijing Stock Exchange reached 1.007 billion shares, with a total transaction value of 22.218 billion yuan, a decrease of 7.31 billion yuan compared to the previous trading day [1] - Among the traded stocks, 182 stocks closed higher, accounting for 65.00% of the total, with notable gainers including Caneng Power, Yinen Power, and Guangxin Technology, which rose by 29.96%, 20.79%, and 13.30% respectively [1] - Conversely, 94 stocks closed lower, with Fujida, Digital Human, and Tietuo Machinery experiencing declines of 7.68%, 6.42%, and 5.16% respectively [1] Trading Activity - A total of 62 stocks had transaction values exceeding 100 million yuan, with Fujida, Better Ray, and Kerun Intelligent Control leading at 662.36 million yuan, 588.52 million yuan, and 522.41 million yuan respectively [1] - The trading activity showed that 27 stocks had a turnover rate exceeding 10%, with 7 stocks exceeding 20%. Additionally, 48 stocks had turnover rates between 5% and 10%, while 192 stocks had turnover rates between 1% and 5% [1] - The stocks with the highest turnover rates included Danna Biology, Caneng Power, and Yinen Power, with rates of 44.61%, 41.10%, and 32.40% respectively [1] Stock Performance - The closing prices and performance of notable stocks included: - Fujida: 37.00 yuan, down 7.68%, turnover rate 9.66%, transaction value 662.36 million yuan [1] - Better Ray: 35.74 yuan, up 0.17%, turnover rate 1.49%, transaction value 588.52 million yuan [1] - Kerun Intelligent Control: 13.13 yuan, up 5.63%, turnover rate 30.08%, transaction value 522.41 million yuan [1] - Guangxin Technology: 110.00 yuan, up 13.30%, turnover rate 16.59%, transaction value 516.98 million yuan [1] - Caneng Power: 24.90 yuan, up 29.96%, turnover rate 41.09%, transaction value 402.04 million yuan [1] - Yinen Power: 17.95 yuan, up 20.79%, turnover rate 32.40%, transaction value 352.46 million yuan [1]

Group 1 - The A-share market saw a significant surge in electric grid equipment stocks, with notable performances including Caneng Electric reaching a 30% limit up and Yinen Electric rising by 23% [1][2] - Other companies such as Shuangjie Electric, Zhongzhi Technology, Jinguang Electric, and others also experienced limit up of 20%, indicating a strong market trend in this sector [1][2] - Microsoft CEO Satya Nadella highlighted that the current challenge in the AI industry is not an excess of computing power but rather a lack of sufficient electricity to support all GPU operations [1] Group 2 - Caneng Electric's market capitalization is reported at 2.244 billion, with a year-to-date increase of 157.73% [2] - Yinen Electric has a market cap of 1.851 billion and a year-to-date increase of 21.78% [2] - Other companies like Shuangjie Electric and Zhongzhi Technology have market caps of 7.898 billion and 4.735 billion respectively, with year-to-date increases of 42.71% and 37.87% [2]

科润智能控制股份有限公司 证券代码：920062 证券简称：科润智控 公告编号：2025-132 第四届董事会第十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 10 月 29 日 2.会议召开地点：公司会议室 3.会议召开方式：现场结合通讯 4.发出董事会会议通知的时间和方式：2025 年 10 月 27 日以书面和电话方式 发出 5.会议主持人：董事长王荣先生 6.会议列席人员：其他高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、表决程序等方面符合《中华人民共和国公司法》和 《公司章程》的有关规定。 （二）会议出席情况 本议案经公司第四届董事会审计委员会第七次会议事前审议通过。 3.回避表决情况： 本议案不涉及回避表决。 4.提交股东会表决情况： 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事潘自强、刘杰、冯震远因个人工作安排以通讯方式参与表决。 二、议案审议情况 （一）审议通 ...

财通证券股份有限公司 关于科润智能控制股份有限公司 新增预计 2025 年日常性关联交易的核查意见 财通证券股份有限公司（以下简称 （财财通证券"财保荐机构"）作为科润智能 控制股份有限公司（以下简称 （财公司"财科润智控"）向不特定合格投资者公开发 行股票的保荐机构，对科润智控履行持续督导义务。根据《证券发行上市保荐业 务管理办法》《北京证券交易所股票上市规则》（《北京证券交易所上市公司持续 管办法（以行行）》《北京证券交易所证券发行上市保荐业务管理细则》等相关规定， 保荐机构对科润智控新增预计 2025 年日常性关联交易的事项进行了核查，具体 情况如简： 一、日常性关联交易新增预计情况 根据公司生产经营情况，公司需新增预计 2025 年度可能发生的日常性关联 交易，具体情况如简： 单位：元 | | | | | | | 2024 年与关联 | 调整后预计金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 关联交易 | 主要交易内 | 原预计 2025 年 | 2025 年累计已发 | 新增预计 2025 | 调整后预计 2025 | 方实际发生金 ...

证券代码：920062 证券简称：科润智控 公告编号：2025-134 科润智能控制股份有限公司 关于新增预计 2025 年日常性关联交易的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、 日常性关联交易预计情况 （一） 预计情况 科润智能控制股份有限公司（以下简称"公司"）于 2025 年 2 月 5 日召开第四届董 事会第八次会议，并于 2025 年 2 月 24 日召开 2025 年第一次临时股东大会，审议通过 了《关于预计 2025 年日常性关联交易的议案》。 | 接受关联 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 人委托代 为销售其 产品、商品 | | | | | | | | | 关联方为公司 融资提供担保 及与关联方江 | | | | | | | 其他 | 山农商行发生 | 1,800,000,000.00 | 743,584,022.14 | | 1,800,000,000.00 | 767,597,57 ...