具体来看，今日上榜营业部中，第一大买入营业部为国信证券股份有限公司深圳红岭中路证券营业部， 买入金额为771.94万元，第一大卖出营业部为国盛证券有限责任公司杭州建设三路营业部，卖出金额为 1379.05万元。（数据宝） 美登科技11月19日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 国信证券股份有限公司深圳红岭中路证券营业部 | 771.94 | 105.90 | | 买二 | 国信证券股份有限公司深圳互联网分公司 | 761.35 | 743.58 | | 买三 | 东方财富证券股份有限公司拉萨东环路第二证券营业 部 | 475.10 | 462.01 | | 买四 | 国信证券股份有限公司北京分公司 | 458.27 | 70.53 | | 买五 | 广发证券股份有限公司杭州博亚时代中心营业部 | 423.38 | 0.00 | | 卖一 | 国盛证券有限责任公司杭州建设三路营业部 | 0.00 | 1379.05 | | 卖二 | 长城证券股份有限公司西北分公司 | 0.00 | 91 ...

Core Viewpoint - Meideng Technology (920227) experienced a significant increase of 22.82% in its stock price, with a trading volume of 4.63 billion yuan and a volatility of 31.83% on the day of reporting [2] Trading Data Summary - The stock's turnover rate reached 35.98%, leading to its listing on the trading board due to the notable price increase and trading activity [2] - The total net buying from brokerage seats amounted to 24.11 million yuan, with the top five brokerage seats contributing to a total transaction of 84.29 million yuan [2] - The largest buying brokerage was Guosheng Securities, with a purchase amount of 16.07 million yuan, while the largest selling brokerage was Ping An Securities, with a selling amount of 8.56 million yuan [2] Brokerage Activity Breakdown - The top five buying brokerages included: - Guosheng Securities, Hangzhou Construction Third Road: 16.07 million yuan - Great Wall Securities, Northwest Branch: 10.02 million yuan - Guoxin Securities, Shenzhen Internet Branch: 9.47 million yuan (with a selling amount of 0.16 million yuan) - Chuan Cai Securities, Chongqing Jiangbei Mouth: 8.18 million yuan (with a selling amount of 0.07 million yuan) - Guojin Securities, Shenzhen Branch: 7.82 million yuan (with a selling amount of 0.36 million yuan) [2] - The top five selling brokerages included: - Ping An Securities, Shenzhen Shennan East Road: 0.64 million yuan (with a buying amount of 0.00 million yuan) - Ping An Securities, Yinchuan Phoenix North Street: 0.63 million yuan (with a buying amount of 0.06 million yuan) - Huatai Securities, Nanjing Jiangning Tianyuan East Road: 0.48 million yuan (with a buying amount of 0.03 million yuan) - Donghai Securities, Shenzhen Shennan Avenue: 0.44 million yuan (with a buying amount of 0.00 million yuan) - Guoxin Securities, Shenzhen Tai Ran Ninth Road: 0.40 million yuan (with a buying amount of 0.11 million yuan) [2]

Core Points - Meidun Technology (920227) experienced a significant stock price increase of 22.82% on November 18, 2025, closing at 75.9 yuan [1] - The trading volume reached 6.3305 million shares, with a total transaction value of 463 million yuan [1] Trading Details - The top buying seat was from Guosheng Securities, which purchased 16.068 million yuan worth of shares [2] - The top selling seat was from Ping An Securities, which sold shares worth 8.5595 million yuan [2] - Other notable buying and selling activities included: - Changcheng Securities bought approximately 10.02 million yuan [2] - Guoxin Securities bought around 9.47 million yuan and sold about 1.56 million yuan [2] - Chuan Cai Securities bought approximately 8.18 million yuan and sold about 73.99 thousand yuan [2]

Core Insights - The IT services sector experienced a rise of 1.27% on November 18, with N Nanwang leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] IT Services Sector Performance - N Nanwang saw a significant increase in its closing price to 18.48, with a remarkable rise of 224.78% and a trading volume of 1.77 million shares, amounting to 3.39 billion yuan [1] - Other notable performers included: - Meideng Technology: closing price 75.90, up 22.82% [1] - Sichuang Medical: closing price 4.50, up 20.00% [1] - Guangyun Technology: closing price 16.45, up 19.99% [1] - Chuling Information: closing price 29.52, up 10.64% [1] Capital Flow Analysis - The IT services sector saw a net inflow of 2.32 billion yuan from institutional investors, while retail investors experienced a net outflow of 2.61 billion yuan [2][3] - The main stocks with significant capital inflows included: - Huasheng Tiancai: net inflow of 6.77 billion yuan [3] - N Nanwang: net inflow of 4.89 billion yuan [3] - Sichuang Medical: net inflow of 2.16 billion yuan [3]

Core Points - The Shanghai Composite Index closed at 3939.81 points, above the six-month moving average, with a decline of 0.81% [1] - The total trading volume of A-shares reached 1,945.96 billion yuan [1] - A total of 51 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3939.81 points, indicating a slight decline of 0.81% [1] - The total trading volume for A-shares today was 1,945.96 billion yuan [1] Stocks Surpassing Six-Month Moving Average - 51 A-shares have broken through the six-month moving average, with the highest deviation rates observed in: - Longxun Co., Ltd. with a deviation rate of 18.63% and a price increase of 20.00% [1] - Meideng Technology with a deviation rate of 14.56% and a price increase of 22.82% [1] - Jingchen Co., Ltd. with a deviation rate of 9.04% and a price increase of 11.90% [1] Additional Notable Stocks - Other stocks with significant performance include: - Guangyun Technology with a deviation rate of 8.67% and a price increase of 19.99% [1] - Qixin Group with a deviation rate of 8.30% and a price increase of 10.07% [1] - Haohan Deep Technology with a deviation rate of 6.70% and a price increase of 9.03% [1]

Investment Rating - The report indicates a positive investment sentiment towards the North Exchange market, particularly in the new energy sector, suggesting a potential for growth and investment opportunities [4][27]. Core Insights - The North Exchange A-share trading volume reached 23.87 billion yuan on November 13, 2025, an increase of 3.952 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1529.62, up 2.62% [8][4]. - A total of 282 companies were listed on the North Exchange, with 229 stocks rising, 9 remaining flat, and 44 declining. The top five gainers included Tianhong Lithium Battery (30.0%), Meideng Technology (13.6%), and Derui Lithium Battery (12.1%) [18][4]. - The report highlights that the new energy industry chain performed strongly, with significant contributions from lithium battery chemicals and diversified chemical sectors, indicating a robust market interest [4][21]. Summary by Sections Market Review - On November 13, 2025, the North Exchange A-share trading volume was 23.87 billion yuan, marking a 39.52 billion yuan increase from the previous day. The North Exchange 50 Index closed at 1529.62, reflecting a 2.62% increase, with a PE_TTM of 72.59 [8][4]. - The North Exchange specialized index closed at 2531.88, up 1.86% [8]. Stock Performance - Among the 282 companies, 229 saw an increase in stock prices, while 44 experienced declines. The top five gainers were Tianhong Lithium Battery (30.0%), Meideng Technology (13.6%), and Derui Lithium Battery (12.1%) [18][4]. - Conversely, the top five decliners included Ruixing Co. (-4.7%) and Chicheng Co. (-3.5%) [18][4]. Investment Recommendations - The report suggests that the North Exchange market is experiencing heightened activity, driven by increased investor interest in the new energy sector. The report emphasizes the long-term investment value of companies in specialized and innovative sectors [4][27]. - The report notes that the global monetary easing cycle continues, favoring small-cap stocks, which aligns with the characteristics of companies listed on the North Exchange [4].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) with a current price of 61.50 yuan [6]. Core Views - The company reported a revenue of 114 million yuan for the first three quarters of 2025, representing a year-on-year growth of 5.17%. However, the net profit attributable to shareholders decreased by 4.22% to 30 million yuan, and the net profit after deducting non-recurring gains and losses fell by 6.09% to 27 million yuan [6][11]. - The third quarter of 2025 saw a revenue of 38 million yuan, a year-on-year increase of 4.55%, but the net profit attributable to shareholders declined by 4.64% to 11 million yuan, indicating that the company's performance was below expectations due to macroeconomic pressures [6][7][9]. Summary by Sections Revenue Performance - The revenue growth rate was lower than expected, influenced by increased macroeconomic pressures. The company achieved a revenue of 38 million yuan in Q3 2025, which is similar to the 39 million yuan in Q2 2025, indicating a trend of single-digit growth [7][9]. Profitability - The company's overall performance was below expectations, with a gross margin of 68.70% in Q3 2025, down 1.30 percentage points from Q3 2024. The net margin also decreased to 27.50%, down 3.02 percentage points year-on-year, attributed to product price reductions [9][11]. Financial Forecast - The company is expected to achieve revenues of 175 million yuan, 203 million yuan, and 223 million yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 18.81%, 15.70%, and 10.08%. The net profit attributable to shareholders is projected to be 58 million yuan, 66 million yuan, and 73 million yuan for the same years, with growth rates of 40.00%, 13.36%, and 10.24% [10][11]. Valuation Metrics - The earnings per share (EPS) are forecasted to be 1.50 yuan, 1.70 yuan, and 1.88 yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 40.94, 36.12, and 32.76 [10][11].

证券代码：920227 证券简称：美登科技 公告编号：2025-142 杭州美登科技股份有限公司 （二）披露标准 根据《北京证券交易所股票上市规则》中相关规定，交易的成 交金额占上市公司最近一期经审计净资产的 10%以上且超过 1,000 万元的应当及时披露。 公司本次使用闲置自有资金购买理财产品的金额为 3,600 万 元。截止目前，公司使用自有闲置资金购买理财产品的未到期余额 为 9,100 万元，占公司 2024 年经审计净资产的 22.12%，达到上述 披露标准，现予以披露。 二、 本次委托理财情况 | 受托方 | 产品类 | | 产品名称 | | 产品金额 | 预计年 化收益 | 产品 收益 | | 投资 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 型 | | | （万元） | | 率（%） | 期限 类型 | | 方向 | 来源 | | 宁波银 | 银 | 行 | 单位结构性 | 3,600 | | 0.50%- | 21 天 浮 动 | 结 构 | | 自 有 | | 行 | ...

杭州美登科技股份有限公司 募集资金现金管理进展公告 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、 授权现金管理情况 证券代码：920227 证券简称：美登科技 公告编号：2025-143 （一）审议情况 公司于 2025 年 1 月 13 日召开第三届董事会第十五次会议和第 三届监事会第十二次会议，审议通过了《关于使用部分闲置募集资 金进行现金管理的议案》，同意公司使用不超过人民币 1.3 亿元的 部分闲置募集资金进行现金管理，在上述额度范围内资金可以循环 滚动使用。具体内容详见公司在北京证券交易所信息披露平台 （www.bse.cn）披露的《杭州美登科技股份有限公司使用部分闲置 募集资金进行现金管理的公告》（公告编号：2025-003）。公司保荐 机构国泰君安证券股份有限公司（已更名为"国泰海通证券股份有 限公司"）出具了无异议的核查意见。 （二）披露标准 根据《北京证券交易所股票上市规则》中相关规定，交易的成 交金额占上市公司最近一期经审计净资产的 10%以上且超过 1,000 万元的应当及 ...

证券代码：920227 证券简称：美登科技 公告编号：2025-141 2.会议召开地点：杭州市拱墅区丰潭路 380 号城西银泰城 E 座 9 楼公司会议 室 3.会议召开方式：现场、线上会议 4.发出董事会会议通知的时间和方式：2025 年 10 月 17 日以电话、邮件方式 发出 5.会议主持人：邹宇先生 杭州美登科技股份有限公司 第四届董事会第四次会议决议公告 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 24 日 2.议案表决结果：同意 7 票；反对 0 票；弃权 0 票。 公司审计委员会全体委员审议通过本议案，并将本议案提交董事会审议。 6.会议列席人员：全体高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开符合《公司法》、《公司章程》和《董事会议事规则》 的相关规定。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 二、议案审议情况 （一）审议通过《关于公司 202 ...