Core Viewpoint - Hengtong Holdings has experienced a stock price increase of 68.63% year-to-date, but recent trading shows mixed performance with a slight decline in the last 20 days [1][2] Group 1: Stock Performance - As of November 19, Hengtong's stock price is 4.30 CNY per share, with a market capitalization of 12.79 billion CNY [1] - The stock has seen a trading volume of 69.18 million CNY, with a turnover rate of 0.53% [1] - Year-to-date, the stock has risen by 68.63%, with a recent 5-day increase of 1.18%, a 20-day decline of 5.49%, and a 60-day increase of 35.65% [1] Group 2: Financial Performance - For the period from January to September 2025, Hengtong achieved a revenue of 1.26 billion CNY, representing a year-on-year growth of 38.94% [2] - The net profit attributable to shareholders for the same period was 189 million CNY, showing a slight increase of 0.68% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders has increased by 51.38% to 51,800 [2] - The average number of circulating shares per shareholder is 57,388, which has decreased by 33.94% [2] - Hengtong has distributed a total of 709 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]

Market Overview - The participation fund sector declined by 0.53% on November 14, with Changjiang Securities leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Individual Stock Performance - Notable gainers included: - Zhongshun Group (Code: 000039) with a closing price of 8.94, up 9.96% [1] - Guomai Technology (Code: 002093) with a closing price of 11.90, up 2.15% [1] - Major decliners included: - Changjiang Securities (Code: 000783) with a closing price of 8.80, down 2.98% [2] - Huatai Securities (Code: 601688) with a closing price of 22.17, down 2.93% [2] Capital Flow Analysis - The participation fund sector experienced a net outflow of 2.136 billion yuan from institutional investors, while retail investors saw a net inflow of 1.242 billion yuan [2] - The overall capital flow indicated that speculative funds had a net inflow of 894 million yuan [2] Detailed Capital Flow by Stock - Key stocks with significant capital flow: - Zhongshun Group had a net inflow of 597 million yuan from institutional investors, but a net outflow of 378 million yuan from speculative funds [3] - Industrial and Commercial Bank of China (Code: 601398) saw a net inflow of 145 million yuan from institutional investors [3] - Other stocks like Northeast Securities (Code: 000686) and Hanhua Technology (Code: 600226) showed mixed capital flows with both inflows and outflows from different investor types [3]

Core Viewpoint - Hengtong Holdings has experienced significant stock price fluctuations in 2023, with a year-to-date increase of 65.10% but a recent decline of 9.66% over the past five trading days [2] Group 1: Stock Performance - As of October 31, Hengtong's stock price rose by 2.18% to 4.21 CNY per share, with a total market capitalization of 12.52 billion CNY [1] - The stock has seen a trading volume of 64.89 million CNY, with a turnover rate of 0.53% [1] - Year-to-date, Hengtong's stock has been on the龙虎榜 (top trading list) once, with a net buy of 48.06 million CNY on August 29 [2] Group 2: Financial Performance - For the period from January to September 2025, Hengtong reported a revenue of 1.262 billion CNY, reflecting a year-on-year growth of 38.94% [2] - The net profit attributable to shareholders for the same period was 189 million CNY, showing a slight increase of 0.68% year-on-year [2] Group 3: Business Overview - Hengtong Holdings, established on May 11, 1999, primarily operates in the production and sales of biological pesticides, veterinary drugs, and feed additives, with a significant focus on electrolytic copper foil, which constitutes 67.62% of its revenue [2] - The company is classified under the public utility sector, specifically in electricity and heat services, and is involved in various concept sectors including lithium batteries and copper foil [2] Group 4: Shareholder Information - As of September 30, 2025, Hengtong had 51,800 shareholders, an increase of 51.38% from the previous period, with an average of 57,388 circulating shares per shareholder, down by 33.94% [2] - The company has cumulatively distributed 709 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]

Market Overview - The participation fund sector experienced a slight decline of 0.06% compared to the previous trading day, with Hengtong Optic-Electric leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the participation fund sector included: - Guomai Technology (Code: 002093) with a closing price of 11.54, up 1.67% and a trading volume of 256,100 shares [1] - Haixin Co., Ltd. (Code: 600851) with a closing price of 6.81, up 1.49% and a trading volume of 99,400 shares [1] - Industrial and Commercial Bank of China (Code: 601398) with a closing price of 7.99, up 1.01% and a trading volume of 3,320,400 shares [1] - Major decliners included: - Hengtong Optic-Electric (Code: 600226) with a closing price of 4.26, down 6.37% and a trading volume of 1,332,300 shares [2] - Guoyuan Securities (Code: 000728) with a closing price of 8.91, down 5.41% and a trading volume of 1,456,500 shares [2] - Great Wall Securities (Code: 002939) with a closing price of 11.41, down 3.88% and a trading volume of 963,700 shares [2] Capital Flow - The participation fund sector saw a net outflow of 2.201 billion yuan from institutional investors, while retail investors experienced a net inflow of 908 million yuan [2][3] - Notable capital flows included: - Industrial and Commercial Bank of China with a net inflow of 86.098 million yuan from institutional investors [3] - Suzhou High-tech (Code: 600736) with a net inflow of 22.7105 million yuan from institutional investors [3] - Hengtong Optic-Electric with a net outflow of 24.8845 million yuan from retail investors [3]

Core Viewpoint - Hengtong Optic-Electric Co., Ltd. reported a significant increase in revenue and a modest rise in net profit for the first three quarters of 2025, indicating strong operational performance despite a slight slowdown in profit growth [1] Financial Performance - The total operating revenue for the first three quarters reached 1.262 billion yuan, representing a year-on-year growth of 38.94% [1] - The net profit attributable to shareholders of the parent company was 189 million yuan, showing a year-on-year increase of 0.68% [1] - The basic earnings per share stood at 0.06 yuan [1]

证券代码：600226 证券简称：亨通股份 公告编号：2025-050 浙江亨通控股股份有限公司 关于 2025 年前三季度与行业相关的经营数据公告 | 一、相关产品的产量、销量及收入实现情况 | | --- | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 浙江亨通控股股份有限公司（以下简称"公司"）根据《上海证券交易所上市 公司自律监管指引第3号——行业信息披露(第十三号——化工)》要求，现将2025 年前三季度与行业相关的经营数据（未经审计）披露如下： | 产品名称 | 产量（折百,吨） | 销量（折百,吨） | 营业收入(万元) | | --- | --- | --- | --- | | 兽药、饲料添加剂 | 3,624.40 | 3,452.06 | 18,520.36 | | 蒸汽 | 1,303,967.00 | 849,008.00 | 17,442.26 | 二、相关产品和原材料的价格变动情况 （一）相关产品价格波动情况 | 产品名称 | 2025年1-9月平均 售价（元/吨） | 2024年1-9月平均售 ...

会议召开时间：2025 年 11 月 11 日(星期二)13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 4 日(星期二)至 11 月 10 日(星期一)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（600226@zjhtkg.com） 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：600226 证券简称：亨通股份 公告编号：2025-051 浙江亨通控股股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 浙江亨通控股股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年 第三季度经营成果、财务状 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Hengtong Holdings, reporting a revenue increase of 38.94% year-on-year for the first three quarters of 2025, amounting to approximately 1.262 billion yuan [1] - The net profit attributable to shareholders of the listed company for the same period is approximately 189 million yuan, reflecting a slight increase of 0.68% year-on-year [1] - As of the report's release, Hengtong Holdings has a market capitalization of 13.5 billion yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥443,627,294.68, an increase of 27.84% compared to the same period last year[4] - The total profit for the quarter was ¥57,528,085.83, a decrease of 21.80% year-on-year[4] - The net profit attributable to shareholders was ¥61,707,348.67, down 12.87% from the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥42,108,233.23, which represents a slight increase of 1.98%[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,261,838,782.76, compared to ¥908,204,370.68 in the same period of 2024, indicating a year-over-year increase of approximately 39%[25] - Net profit for the first three quarters of 2025 was ¥188,653,761.80, compared to ¥163,641,791.74 in 2024, reflecting an increase of approximately 15%[26] - The company reported a total comprehensive income of ¥188,312,799.99 for the first three quarters of 2025, up from ¥163,413,851.24 in 2024, representing an increase of approximately 15%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,853,471,108.68, reflecting a 7.96% increase from the end of the previous year[5] - The company's total assets amounted to RMB 4,853,471,108.68, up from RMB 4,495,818,200.43 at the end of 2024, reflecting an increase of about 8%[22] - The company's total liabilities as of September 30, 2025, were RMB 1,239,819,164.32, compared to RMB 1,080,532,389.40 at the end of 2024, marking an increase of approximately 14.7%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,829[11] - Hengtong Group Co., Ltd. holds 504,153,332 shares, accounting for 16.95% of total shares[12] - Suzhou Hengtong Yongxu Venture Capital holds 322,231,091 shares, representing 10.83% of total shares[12] - The top ten shareholders do not have any changes in their shareholding due to securities lending activities[12] Cash Flow - The company reported a cash flow from operating activities of ¥8,980,451.08 for the year-to-date[4] - Cash flow from operating activities generated a net amount of ¥8,980,451.08, a recovery from a negative cash flow of ¥62,436,017.73 in the previous year[30] - Cash flow from investing activities showed a net outflow of ¥422,211,889.30, worsening from a net outflow of ¥131,248,274.32 in the same period last year[31] - Cash flow from financing activities yielded a net inflow of ¥239,975,766.95, compared to a slight outflow of ¥6,268,615.19 in the previous year[31] Equity and Investments - The equity attributable to shareholders increased by 5.81% to ¥3,613,651,944.36 compared to the previous year[5] - Long-term equity investments increased to RMB 1,674,891,998.18 as of September 30, 2025, from RMB 1,581,854,668.21 at the end of 2024, representing a rise of about 5.9%[21] - The company's retained earnings increased to RMB 383,469,161.99 as of September 30, 2025, compared to RMB 194,815,400.19 at the end of 2024, showing a significant growth of approximately 96.5%[22] Legal Matters - The company has initiated legal proceedings against parties for overdue transaction intention funds, with a court ruling in favor of the company[13] - The company has received execution funds amounting to RMB 24.48 million from legal proceedings, with remaining amounts still pending[17] - The company is closely monitoring the progress of legal matters to protect the interests of the company and its shareholders[17] Research and Development - Research and development expenses surged to ¥59,479,278.91, up from ¥26,936,007.87, indicating a growth of around 121%[26] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[32]

Core Insights - The company reported a third-quarter revenue of 444 million yuan, representing a year-on-year increase of 27.84% [1] - The net profit for the third quarter was 61.71 million yuan, showing a decline of 12.87% [1] - For the first three quarters, the total revenue reached 1.262 billion yuan, with a year-on-year growth of 38.94% [1] - The net profit for the first three quarters was 189 million yuan, reflecting a slight increase of 0.68% year-on-year [1]