Market News - China's official PMI for November and industrial profits for October will be released, with October's manufacturing PMI dropping to 49, while high-tech manufacturing, equipment manufacturing, and consumer goods sectors continue to expand [3] - Key economic data from the US includes September retail sales and durable goods orders, delayed due to recent government shutdowns, along with initial jobless claims [4] - The Federal Reserve's Beige Book and the European Central Bank's meeting minutes will be published, with expectations for New Zealand's central bank to cut rates by 25 basis points to 2.25% and Korea's central bank to maintain rates at 2.5% [5] - The US government is considering allowing Nvidia to sell H200 chips to China, with the Commerce Department reviewing export restrictions [6] - The People's Bank of China will have 16,760 billion yuan in reverse repos maturing this week, with various amounts maturing each day [7] - MSCI announced adjustments to its indices, including the addition of 17 stocks and the removal of 16 from the MSCI China A-share index, effective November 24, 2025 [8] Sector Developments - The Ministry of Industry and Information Technology announced the official launch of satellite IoT commercial trials in China [10] - A price adjustment window for oil products is set for November 24, with a projected decrease of 50 yuan per ton based on current oil prices [10] - The world's largest "Hualong One" nuclear power base successfully connected its second unit to the grid [10] - The 2025 Asian General Aviation Exhibition will take place from November 27 to 30 in Zhuhai, focusing on low-altitude possibilities [10] - The 2025 Software Technology Conference will be held in Beijing on November 28, themed "AI Reshaping Software, Empowering the Future of Industry" [10] - The China Automotive Supply Chain Conference is scheduled for November 24-26, 2025, in Wuhu, focusing on industry ecosystem dynamics [10] Individual Stock Events - Jiahua Technology plans to acquire controlling interest in Shudun Technology, leading to a stock suspension [15] - China Merchants Bank's financial asset investment company has been approved to commence operations [15] - CITIC Bank's wholly-owned subsidiary has also received approval to start operations [15] - Several companies are facing risks related to stock price fluctuations and bankruptcy restructuring [15] - Companies like Jinkang Technology and Qingmu Technology are planning significant acquisitions and strategic partnerships [15] Lock-up Expiration - A total of 39 companies will have lock-up shares released this week, amounting to 1.927 billion shares with a total market value of 20.295 billion yuan based on the closing price on November 21 [14] - The peak lock-up expiration day is November 24, with 18 companies releasing shares worth a total of 12.496 billion yuan, accounting for 61.57% of the week's total [14] - Notable companies with significant lock-up expirations include Southern Airlines, Huazhong Holdings, and Jiyang Precision [14] Upcoming IPOs - Two new stocks are set to be issued this week: Moer Thread on November 24 and Bai Ao Sai Tu on November 28 [19] Economic Outlook - The current volatility in global risk assets is attributed to liquidity issues and over-reliance on AI narratives, suggesting a potential for valuation corrections [21] - There is an opportunity for reallocating investments in A-shares and Hong Kong stocks, focusing on traditional manufacturing and resource sectors [22] - The market is expected to see a recovery in Chinese assets as overseas risks are absorbed, with a focus on high-growth sectors like AI and manufacturing [24] - The upcoming spring market is anticipated to benefit from policy validation and cyclical price increases, with a focus on sectors like basic chemicals and industrial technology [23]

证券代码：920720 证券简称：吉冈精密 公告编号：2025-106 无锡吉冈精密科技股份有限公司 投资者关系活动记录表 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、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 参会单位及人员：通过网络方式参加 2025 年第三季度报告业绩说明会的投 资者。 上市公司接待人员：公司董事长、总经理：周延先生；公司董事会秘书、财 务总监：仲艾军先生；公司董事会董事：林海涛先生。 三、 投资者关系活动主要内容 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 11 月 13 日 活动地点：全景网"投资者关系互动平台"（http://ir.p5w.net）。 问题 1：请介绍一下公司前三季度营收增长情况？ 回复：您好，公司 2025 年 1-9 月的营业收入为 511,542,164.95 元，较上年 同期增加 28.97%，归属于上市公司股东的净利润为 45,697,273.55 元，较上 ...

证券代码：920720 证券简称：吉冈精密 公告编号：2025-105 （一）会议召开时间：2025 年 11 月 13 日（星期四）15:00-16:30。 （二）会议召开地点 本次季度报告业绩说明会将采用网络远程方式举行，投资者可登陆全景网 "投资者关系互动平台"（https://ir.p5w.net）参与本次 2025 年第三季度报告 业绩说明会。 三、 参加人员 无锡吉冈精密科技股份有限公司 2025 年第三季度报告业绩说明会预告公告 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、 说明会类型 无锡吉冈精密科技股份有限公司（以下简称公司）于 2025 年 10 月 30 日在 北京证券交易所官方信息披露平台（http://www.bse.cn/）披露了《无锡吉冈精 密科技股份有限公司 2025 年第三季度报告》（公告编号：2025-103）,为方便广 大投资者更深入了解公司 2025 年第三季度经营业绩的具体情况，进一步加强与 投资者的互动交流，公司拟召开 2025 年第三季度报告网上业绩 ...

Core Insights - YG Precision (920720.BJ) reported its Q3 2025 results on October 30, 2025, revealing a total of 5 institutional investors holding shares, amounting to 3.3248 million shares, which represents 1.25% of the total share capital [1] - The institutional holding ratio decreased by 0.78 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Industrial and Commercial Bank of China - E Fund North Exchange Selected Two-Year Open Mixed Securities Investment Fund, China Merchants Bank - China Europe North Certificate 50 Component Index Initiated Securities Investment Fund, Bank of Communications - Bosera North Certificate 50 Index Initiated Securities Investment Fund, Beijing Bank - Chuangjin Hexin North Certificate 50 Index Enhanced Securities Investment Fund, and China Merchants Bank - GF North Certificate 50 Index Securities Investment Fund [1] - The total institutional holding ratio is now at 1.25% [1] Public Funds - In the current period, 2 public funds increased their holdings compared to the previous period, including China Europe North Certificate 50 Component Index Initiated A and Bosera North Certificate 50 Index Initiated A, with a slight increase in holding ratio [2] - Conversely, 2 public funds reduced their holdings, namely Chuangjin Hexin North Certificate 50 Index Enhanced A and GF North Certificate 50 Index A, with a slight decrease in holding ratio [2] - A total of 31 public funds did not disclose their holdings this period, including Dongcai North Certificate 50 Index Initiated A, Huaan North Certificate 50 Index Initiated A, Wanjia North Certificate 50 Index Initiated A, ICBC North Certificate 50 Index A, and Huitianfu North Certificate 50 Index A [2]

证券代码：920720 证券简称：吉冈精密 公告编号：2025-104 截至本公告日，上述公示期已结束。根据《优质中小企业梯度培育管理暂行办 法》规定，公示无异议的公司，将由国家工业和信息化部认定为专精特新"小巨人" 企业。 二、对公司的影响 本次入选第七批国家级专精特新"小巨人"企业名单，是对公司技术研发水平、 创新成果转化能力等方面的认可，也是对公司坚持自主创新、长期深耕细分领域技 术的肯定，有利于提高公司的品牌知名度和在行业内的影响力，对公司整体发展产 生积极影响。未来公司将持续聚焦核心业务，提高科技创新能力，强公司核心竞争 力。 关于公司入选第七批国家级专精特新"小巨人"企业 并完成公示的公告 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、基本情况 根据江苏省工业和信息化厅发布《关于江苏省第七批专精特新"小巨人"企业 和 2025 年专精特新"小巨人"复核通过企业名单的公示》，无锡吉冈精密科技股份 有限公司（以下简称"公司"）入选第七批国家级专精特新"小巨人"企业。 无锡吉冈精密科技股份有 ...

1.会议召开时间：2025 年 10 月 30 日 2.会议召开地点：江苏省无锡市锡山区东昌路 22 号四楼公司会议室 证券代码：920720 证券简称：吉冈精密 公告编号：2025-102 无锡吉冈精密科技股份有限公司 第四届董事会第三次会议决议公告 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 3.会议召开方式：现场及通讯方式 4.发出董事会会议通知的时间和方式：2025 年 10 月 24 日以书面方式发出 5.会议主持人：董事长周延先生 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、审议程序符合《中华人民共和国公司法》及有关法 律、法规和《公司章程》的规定,经全体董事同意，会议由公司董事长周延以视 频方式主持。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事长周延先生、董事董瀚林先生、张玉霞女士、独立董事孙文龙先生因工 作原因以通讯方式参与表决。 根据《中华人民共和国公司法》《 ...