9月17日，万业企业盘中上涨2.50%，截至13:14，报16.42元/股，成交2.41亿元，换手率1.61%，总市值 152.81亿元。 万业企业今年以来股价涨12.64%，近5个交易日涨2.69%，近20日涨8.31%，近60日涨20.75%。 分红方面，万业企业A股上市后累计派现25.46亿元。近三年，累计派现2.12亿元。 机构持仓方面，截止2025年6月30日，万业企业十大流通股东中，南方信息创新混合A（007490）位居 第四大流通股东，持股1446.70万股，相比上期增加551.23万股。香港中央结算有限公司位居第五大流通 股东，持股1046.30万股，相比上期增加70.60万股。南方中证房地产ETF发起联接A（004642）位居第七 大流通股东，持股829.93万股，相比上期增加22.87万股。南方中证1000ETF（512100）位居第九大流通 股东，持股601.86万股，相比上期增加114.44万股。华夏中证1000ETF（159845）位居第十大流通股 东，持股354.70万股，为新进股东。 责任编辑：小浪快报 资料显示，上海万业企业股份有限公司位于上海市徐汇区龙华路2696号龙华万科中 ...

中天国富证券有限公司 二零二五年九月 1 关于 上海万业企业股份有限公司详式权益变动报告书 之 2025 年二季度持续督导意见 财务顾问 声明 中天国富证券有限公司受聘担任衢州先导猎宇新材料科技有限公司（曾用 名：广州先导猎宇科技技术有限公司）、先导科技集团有限公司通过协议转让方 式获取宏天元基金全部基金份额，从而间接获得浦科投资的控制权，进而间接 控制上市公司 24.27%的股权项目的财务顾问。 根据《上市公司收购管理办法》的规定，自万业企业公告详式权益变动报 告书公告（2024 年 11 月 29 日）至收购完成后 12 个月内，本财务顾问应当对 上述事项履行持续督导职责。 本持续督导意见不构成对上市公司的任何投资建议，投资者根据本持续督 导意见所做出的任何投资决策而产生的相应风险，本财务顾问不承担任何责 任。本意见所依据的文件、书面资料等由信息披露义务人与万业企业提供，信 息披露义务人与万业企业保证对其真实性、准确性和完整性承担全部及连带责 任。本财务顾问对所发表意见的真实性、准确性和完整性负责。 2 | 释义 4 | | --- | | 一、上市公司权益变动、过户情况 5 | | （一）本次收购概况 ...

（文章来源：每日经济新闻） 每经AI快讯，地产股异动拉升，黑牡丹涨停，卧龙新能4连板，空港股份、衢州发展、光大嘉宝、万业 企业等纷纷拉升。 ...

证券之星消息，9月10日房地产开发板块较上一交易日上涨0.44%，首开股份领涨。当日上证指数报收 于3812.22，上涨0.13%。深证成指报收于12557.68，上涨0.38%。房地产开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600376 | 首开股份 | 4.68 | 10.12% | 198.74万 | | 9.09亿 | | 000718 | 苏宁环球 | 2.74 | 10.04% | 157.15万 | | 4.18 乙 | | 000809 | 和展能源 | 3.64 | 9.97% | 133.57万 | | 4.53亿 | | 600173 | 卧龙新能 | 8.39 | 9.96% | 142.24万 | | 11.57亿 | | 000668 | *ST荣控 | 9.77 | 5.05% | 3.94万 | | 3748.32万 | | 000609 | ST中迪 | 4.82 | 4.56% | 21.43万 | | 1.0 ...

9月10日，万业企业盘中上涨2.05%，截至09:43，报16.42元/股，成交9422.81万元，换手率0.62%，总市 值152.81亿元。 万业企业所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：MSCI中国、半导体设 备、基金重仓、小金属、光伏玻璃等。 截至6月30日，万业企业股东户数5.06万，较上期减少5.44%；人均流通股18394股，较上期增加5.76%。 2025年1月-6月，万业企业实现营业收入6.99亿元，同比增长247.76%；归母净利润4080.62万元，同比增 长157.63%。 分红方面，万业企业A股上市后累计派现25.46亿元。近三年，累计派现2.12亿元。 资金流向方面，主力资金净流入389.43万元，特大单买入581.40万元，占比6.17%，卖出474.82万元，占 比5.04%；大单买入1391.53万元，占比14.77%，卖出1108.68万元，占比11.77%。 万业企业今年以来股价涨12.64%，近5个交易日涨5.39%，近20日涨11.10%，近60日涨23.11%。 资料显示，上海万业企业股份有限公司位于上海市徐汇区龙华路2696号龙华万科中心 ...

证券代码：600641 证券简称：万业企业 公告编号：临 2025-054 上海万业企业股份有限公司 2025年第二次临时股东大会 2. 原股东大会召开日期：2025 年 9 月 15 日 3. 原股东大会股权登记日 关于2025年第二次临时股东大会的延期公告 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： 会议延期后的召开时间：2025 年 10 月 15 日 一、 原股东大会有关情况 1. 原股东大会的类型和届次 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 600641 | 万业企业 | 2025/9/8 | 二、 股东大会延期原因 因统筹相关工作安排，经上海万业企业股份有限公司（以下简称 "公司"）审慎研究，决定将 2025 年第二次临时股东大会延期至 2025 年 10 月 15 日 14 点召开，原股权登记日不变。 本次临时股东大会的延期符合《上市公司股东会规则》和《上海 证券交易所股票上市规则》等相关法律法规和《上海 ...

Macro Strategy - The report highlights the focus on domestic economic policy changes driven by anti-involution and the Fourth Plenary Session [1] Fixed Income - The report discusses why domestic commercial banks are unlikely to shrink their balance sheets, citing factors such as economic slowdown, loose monetary policy, and the government's call for financial services to support the real economy [2] - It notes that while some small and medium-sized banks may consider balance sheet reduction, the overall probability for the industry is low [2] Industry Analysis New Industries - The company reported a revenue of 2.185 billion yuan in H1 2025, a decrease of 1.18% year-on-year, and a net profit of 771 million yuan, down 14.62% [4] - The overseas market showed strong performance with a revenue of 954 million yuan, an increase of 19.62% [5] - Domestic revenue was 1.229 billion yuan, down 12.81%, with a notable decline in reagent business [5] BYD Electronics - The company achieved a revenue of 80.61 billion yuan in H1 2025, a year-on-year increase of 2.6%, and a net profit of 1.73 billion yuan, up 14% [6] - The new energy vehicle business saw a revenue increase of 60.5% to 12.45 billion yuan, driven by smart cabin and driving products [6] Pinduoduo - The company’s profit exceeded expectations, leading to an adjustment in the Non-GAAP net profit forecast for 2025-2027 [9] Northern Huachuang - The company is benefiting from the domestic semiconductor equipment platform trend, with a focus on expanding its product line through acquisitions [10] Wan Ye Enterprises - The company reported a turnaround in H1 2025, driven by rapid growth in bismuth materials and semiconductor equipment [11] Horizon Robotics - The company achieved a revenue of 1.57 billion yuan in H1 2025, a 68% increase, with significant growth in chip shipments [12] BeiGene - The company’s core product sales are expected to drive revenue growth, with an upward revision of net profit forecasts for 2025-2027 [14] Jiuzhoutong - The company reported a revenue of 81.106 billion yuan in H1 2025, a 5.1% increase, with a net profit of 1.446 billion yuan, up 19.7% [15] Fenzhong Media - The company maintains a steady growth trajectory, with EPS forecasts for 2025-2027 remaining stable [16] High Measurement Co. - The company is entering the humanoid robot market, leveraging its core technology in grinding equipment [17] Tian Nai Technology - The company adjusted its profit forecast for 2025-2027, maintaining a "buy" rating due to the potential of single-wall carbon tubes [18] Hailiang Co. - The company is expected to see significant growth in the U.S. market, with net profit forecasts for 2025-2027 remaining stable [19] Sanofi - The company reported a revenue of 2.264 billion yuan in H1 2025, with strong performance in the overseas market [20] Xue Da Education - The company is positioned as a leading personalized education provider, with stable growth in its training business [22] Blue Sky Gas - The company is committed to high dividend payouts, with a focus on improving cash flow despite lower profits in H1 2025 [23] Haitian Precision - The company is experiencing short-term pressure on earnings but is steadily advancing its capacity and channel development [24] Solidarity Hall - The company is leveraging AI and overseas expansion to enhance its business model and revenue potential [25] Shoulu Hotel - The company is optimizing its hotel operations and expanding its footprint, with profit forecasts for 2025-2027 remaining stable [27] Changhua Group - The company is expected to see continued revenue growth, driven by new product launches and customer acquisition [28] SF Express - The company is entering a growth phase, with profit forecasts for 2025-2027 being adjusted upward [29] Oil and Gas Sector - The company is experiencing rapid growth in oil and gas production, with profit forecasts for 2025-2027 being adjusted upward [30] Alibaba - The company is focusing on cloud business growth and AI investments, with profit forecasts for FY2026-2028 being adjusted [31] Ding Sheng New Materials - The company is experiencing strong growth in battery foil shipments, with profit forecasts for 2025-2027 being adjusted [32] BYD - The company is facing increased competition, leading to adjustments in profit forecasts for 2025-2027 [34] Okai Yi - The company is experiencing steady revenue growth, with profit forecasts for 2025-2026 being adjusted downward [35] Maiwei Biotech - The company maintains its revenue forecasts for 2025-2027, focusing on strategic drug development [36] United Imaging - The company reported a revenue of 6.016 billion yuan in H1 2025, with strong growth in both domestic and overseas markets [37]

Investment Rating - The report maintains an "Accumulate" rating for the company [7] Core Views - The company turned profitable in H1 2025, with significant growth in bismuth materials and semiconductor equipment businesses [7] - H1 2025 revenue reached 699 million yuan, a substantial increase of 247.8% year-on-year, driven primarily by bismuth materials and deep processing business [7] - The company is expanding its semiconductor equipment segment, particularly in ion implantation machines, while also enhancing its bismuth materials business [7] Financial Summary - Total revenue forecast for 2023A is 964.61 million yuan, with a projected increase to 1,982.74 million yuan by 2027E, reflecting a growth rate of 40.18% [7] - The net profit attributable to the parent company is expected to rise from 151.15 million yuan in 2023A to 514.54 million yuan in 2027E, indicating an 81.80% growth in 2025E [7] - The latest diluted EPS is projected to increase from 0.16 yuan in 2023A to 0.55 yuan in 2027E [7] - The current market capitalization corresponds to dynamic P/E ratios of 74, 45, and 28 for 2025E, 2026E, and 2027E respectively [7] Business Performance - The company achieved a gross margin of 27.5% in H1 2025, although it faced pressure due to lower margins in new bismuth materials [7] - The net profit margin improved significantly to -2.6% in H1 2025, a year-on-year increase of 57.1 percentage points [7] - The company’s cash flow from operating activities was -3.294 billion yuan in H1 2025, indicating short-term cash flow pressure [7] Strategic Developments - The company is solidifying its position as a domestic leader in ion implantation equipment while expanding into larger market segments such as etching and thin film deposition [7] - The bismuth materials business is rapidly growing, benefiting from rising domestic prices and increased demand from downstream sectors [7]

Financing Activities - On September 1, Wan Ye Enterprise (600641) had a financing buy-in of 73.35 million yuan and a financing repayment of 70.11 million yuan, resulting in a net financing buy of 3.23 million yuan, with a financing balance of 942 million yuan [1] - In the last three trading days, the cumulative net buy reached 31.28 million yuan, and in the last 20 trading days, there were net financing buys on 11 occasions [1] Margin Trading Data - On September 1, the margin trading balance was 944 million yuan, reflecting an increase of 3.36 million yuan or 0.36% from the previous day [4] - The margin trading balance has shown fluctuations over the past few days, with notable increases on August 28 (26.67 million yuan) and August 27 (5.79 million yuan) [4] Short Selling Activities - On September 1, there were 3,300 shares sold short, with a short selling balance of 146,700 shares [3] - In the last three trading days, there has been a cumulative net short sell of 8,200 shares, with 13 out of the last 20 trading days showing net short selling [2][3] Market Sentiment Indicators - An increase in financing balance indicates a strengthening of bullish market sentiment, while a decrease suggests a more cautious or bearish outlook [5] - Conversely, an increase in short selling balance reflects a growing bearish sentiment in the market, while a decrease indicates a potential shift towards a more bullish sentiment [5]

Group 1 - The second largest shareholder of Wanye Enterprise, Sanlin Wanye (Shanghai) Enterprise Group, holds approximately 70.35 million shares, accounting for 7.56% of the total share capital [1] - As of the announcement date, Sanlin Wanye has pledged 66.56 million shares, which represents 94.62% of its total holdings and 7.15% of the company's total share capital [1] - The revenue composition for Wanye Enterprise for the year 2024 is as follows: real estate accounts for 48.34%, manufacturing for 41.44%, services for 8.72%, and other businesses for 1.49% [1] Group 2 - The current market capitalization of Wanye Enterprise is 15 billion yuan [1]