谁都没想到，就在散户们疯狂抛售可控核聚变概念股的时候，外资却在悄悄做一件完全相反的事。 上海电气跌了25.85%，西部超导从90块砸到65块，海陆 重工、中国核建也都跌超25%，整个板块一片哀嚎。 就在这场暴跌中，北向资金和外资机构不仅没有逃跑，反而在2025年三季度新进了五家小盘央国企。 这些公司的市值大多在30亿到90亿之间，看似不起 眼，却藏着外资的深意。 让人意外的是，这些被外资看中的企业，有一个共同特点：它们不是那些被游资爆炒的"概念股"，而是实打实参与国家重大科技项目的企业。 比如中核科 技，它正在为聚变堆研发阀门；比如理工光科，它的传感器用在了"中国环流三号"装置上。 外资这一次的选股思路，和普通散户完全相反。 哈焊华通更受外资青睐，巴克莱、J.P摩根、美林三家机构一起重仓。 这家公司做的是熔焊材料，听起来传统，但它的产品已经用在了可控核聚变项目上。 三季度以来，它的股价逆势涨了17%。 理工光科的市值只有33亿，但它提供的传感器是"中国环流三号"的核心部件。 J.P摩根新进了66万股，位列第六大股东。 这种小市值的科技型央企，正好符 合外资"低位布局"的口味。 百利电气的情况有点特殊。 它的子 ...

Core Viewpoint - Baoli Electric (600468) announced on November 17 that as of September 30, 2025, the total number of shareholders is expected to be 89,357 [1] Summary by Category - Company Information - Baoli Electric's total number of shareholders is projected to reach 89,357 by September 30, 2025 [1]

Core Viewpoint - The company will hold an investor briefing on November 24, 2025, to discuss its Q3 2025 performance and financial results, allowing for interactive communication with investors [1][2]. Group 1: Meeting Details - The investor briefing is scheduled for November 24, 2025, from 15:00 to 16:00 [1][2]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center, accessible online [1][2]. - The format of the meeting will be an online interactive session [1][2]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [3]. - Investors are encouraged to submit questions from November 17 to November 21, 2025, via the Roadshow Center's website or through the company's email [3]. - The company will address commonly asked questions during the briefing [3]. Group 3: Contact Information - The company’s contact department is the Board Office, with a phone number of 022-83963876 and an email address of 600468@benefo.tj.cn [4].

股票简称：百利电气 股票代码：600468 公告编号：2025-042 天津百利特精电气股份有限公司 关于召开2025 年第三季度业绩说明会的公告 特别提示 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： 会议召开时间：2025 年 11 月 24 日（星期一）下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://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 17 日（星期一）至 11 月 21 日（星 期五）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 600468@benefo.tj.cn 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。 天津百利特精电气股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 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、财务状况，公司计 划于 2 ...

Market Overview - On November 12, the Tianjin state-owned enterprise reform sector declined by 0.36% compared to the previous trading day, with Baili Electric leading the decline [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Key stocks in the Tianjin state-owned enterprise reform sector showed mixed performance, with T-712 rising by 1.98% to close at 20.56, and Baili Electric falling by 3.54% to close at 7.08 [1][2] - The trading volume and turnover for T-712 were 302,000 shares and 636 million yuan, respectively [1] Capital Flow - The Tianjin state-owned enterprise reform sector experienced a net outflow of 102 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2] - The capital flow data indicates that while institutional and speculative funds withdrew, retail investors were actively buying into the sector [2][3] Individual Stock Analysis - T-712 had a net inflow of 78.32 million yuan from institutional investors, while Baili Electric saw a significant outflow of 78.51 million yuan [3] - The stock of Tianjin Port closed at 4.89, down 0.41%, with a trading volume of 209,600 shares [2][3]

Core Viewpoint - Baili Electric (600468.SH) stated that its products are currently not applicable to thorium-based molten salt reactor technology [1] Group 1: Company Overview - The company specializes in the research, development, production, and sales of power distribution and control equipment, wires and cables, and pumps [1] - Baili Electric aims to focus on high-end products and services in the power equipment sector, seizing opportunities from energy structure optimization and the construction of new power systems [1] Group 2: Future Strategy - The company plans to implement a new energy industry layout while closely monitoring the development of new technologies [1] - Future strategies will be aligned with the company's actual situation to empower its development [1]

Core Viewpoint - The company, Baoli Electric (600468.SH), has stated that its products are currently not applicable to thorium-based molten salt reactor technology, while focusing on high-end products and services in the power equipment sector [1] Group 1: Company Overview - Baoli Electric specializes in the research, production, and sales of power distribution and control equipment, wires and cables, and pumps [1] - The company aims to leverage opportunities arising from energy structure optimization and the construction of new power systems [1] Group 2: Strategic Focus - The company is committed to implementing new energy industry layouts and closely monitoring the development of new technologies [1] - Future strategies will be aligned with the company's actual situation to empower its development [1]

Core Insights - The Tianjin state-owned enterprise reform sector saw a slight increase of 0.2% on October 31, with Haitai Development leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance Summary - Haitai Development (600082) closed at 4.72, up 6.07% with a trading volume of 399,300 shares and a turnover of 185 million yuan [1] - Guifaxiang (002820) closed at 12.80, up 3.90% with a trading volume of 137,100 shares and a turnover of 174 million yuan [1] - Tianbao Infrastructure (000965) closed at 4.38, up 2.10% with a trading volume of 861,500 shares and a turnover of 380 million yuan [1] - Other notable stocks include Jinmeng Technology (300334) at 7.50 (+1.90%), Bohai Chemical (600800) at 3.83 (+1.86%), and Jintou City Development (600322) at 2.51 (+1.21%) [1] Capital Flow Analysis - The Tianjin state-owned enterprise reform sector experienced a net inflow of 67.98 million yuan from institutional investors, while retail investors saw a net outflow of 84.03 million yuan [2][3] - The main capital inflow was observed in Tianbao Infrastructure (000965) with a net inflow of 49.38 million yuan, while Jin Kai New Energy (600821) faced a significant net outflow of 66.21 million yuan [3]

Core Insights - The company reported a total revenue of 1.626 billion yuan for Q3 2025, marking an increase of 209 million yuan or 14.75% year-on-year [1] - The net profit attributable to shareholders decreased to 82.7632 million yuan, down 20.2002 million yuan or 19.62% compared to the same period last year [1] - The net cash flow from operating activities was -76.6517 million yuan, a decrease of 75.7220 million yuan year-on-year [1] Financial Metrics - The latest debt-to-asset ratio is 44.77%, an increase of 1.51 percentage points from the previous quarter and 3.56 percentage points from the same period last year [3] - The gross profit margin is 20.14%, down 1.40 percentage points from the previous quarter and 4.03 percentage points year-on-year [3] - The return on equity (ROE) stands at 4.12%, a decrease of 0.72 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.08 yuan, down 0.02 yuan or 19.64% year-on-year [3] - The total asset turnover ratio is 0.42 times, an increase of 0.06 times year-on-year [3] - The inventory turnover ratio is 2.71 times, up 0.58 times or 26.93% year-on-year [3] Shareholder Structure - The number of shareholders is 89,400, with the top ten shareholders holding 654 million shares, accounting for 60.14% of the total share capital [3] - The largest shareholder is Tianjin Hydraulic Machinery (Group) Co., Ltd., holding 53.29% of the shares [3]

Core Insights - The company reported a revenue of 1.626 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 14.75% [1] - The net profit attributable to shareholders decreased to 82.76 million yuan, a decline of 19.62% year-on-year [1] - The non-recurring net profit was 78.67 million yuan, down 17.83% compared to the previous year [1] - The basic earnings per share stood at 0.0761 yuan [1]