Group 1 - The third extraordinary general meeting of shareholders was held on November 13, 2025, at the company's conference room in Chongqing [2] - All 12 current directors attended the meeting, along with the board secretary and other senior management [3] - The meeting was convened and presided over by the chairman, Mr. Yu Min, and complied with the relevant provisions of the Company Law and the Articles of Association [2][3] Group 2 - Two non-cumulative voting proposals were reviewed and approved: the proposal to add a director and the proposal to change the registered capital and amend the Articles of Association [4] - The second proposal was a special resolution that required more than two-thirds of the voting rights to pass, which it achieved [5] Group 3 - The meeting was witnessed by lawyers from Taihe Tai (Chongqing) Law Firm, who confirmed that the meeting's procedures and resolutions were in compliance with legal requirements [6]

Core Insights - The engineering consulting services sector saw a slight increase of 0.12% on November 13, with Hualan Group leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Hualan Group (301027) closed at 19.85, with a rise of 8.59% and a trading volume of 228,700 shares, amounting to a transaction value of 444 million yuan [1] - Other notable performers included: - Zhaobiao Co. (301136) at 14.22, up 3.80% [1] - Huayang International (002949) at 14.93, up 1.91% [1] - Youan Design (300983) at 24.95, up 1.51% [1] Capital Flow - The engineering consulting services sector experienced a net outflow of 209 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2][3] Individual Stock Capital Flow - Notable net inflows from retail investors included: - Shanshui Bide (300844) with a retail net inflow of 1.17 million yuan [3] - Tongji Technology (600846) with a retail net inflow of 731,830 yuan [3] - Conversely, significant net outflows from institutional investors were observed in: - Huatu Shanding (300492) with a net outflow of 1.43 million yuan [3] - Jianyan Design (301167) with a net outflow of 459,910 yuan [3]

Core Insights - The engineering consulting services sector experienced a slight increase of 0.14% on November 12, with Shanshui Bide leading the gains [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] Performance Summary - Shanshui Bide (300844) closed at 53.30, up 6.22% with a trading volume of 24,800 and a transaction value of 129 million [1] - Hualan Group (301027) closed at 18.28, up 6.16% with a trading volume of 153,800 and a transaction value of 277 million [1] - Other notable performers include Huatu Shanding (300492) at 66.56, up 2.72%, and Tongji Technology (600846) at 14.75, also up 2.72% [1] Fund Flow Analysis - The engineering consulting services sector saw a net outflow of 34.86 million from institutional investors and 27.34 million from retail investors, while individual investors contributed a net inflow of 62.20 million [2] - Major stocks like Taiji Industry (600667) had a net inflow of 171 million from institutional investors, while Hualan Group (301027) saw a net inflow of 30.48 million [3] - Conversely, Suzhou Planning (301505) experienced a significant decline of 5.03% with a trading volume of 41,100 and a transaction value of 96.88 million [2]

Core Insights - The engineering consulting services sector experienced a decline of 0.3% on November 11, with Tai Chi Industrial leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Sector Performance - Notable gainers in the engineering consulting services sector included: - Jian Ke Yuan (300675) with a closing price of 17.83, up 4.27% and a trading volume of 122,100 shares, totaling 216 million yuan [1] - Su Jiao Ke (300284) closed at 8.64, up 2.73% with a trading volume of 281,800 shares, totaling 243 million yuan [1] - Suzhou Planning (301505) closed at 24.45, up 2.56% with a trading volume of 38,800 shares, totaling 94.41 million yuan [1] - Major decliners included: - Tai Chi Industrial (600667) closed at 9.48, down 4.53% with a trading volume of 2,395,800 shares, totaling 2.34 billion yuan [2] - China Ruilin (603257) closed at 65.21, down 3.06% with a trading volume of 20,200 shares, totaling 133 million yuan [2] - Zhibiao Co. (301136) closed at 14.24, down 2.86% with a trading volume of 220,800 shares, totaling 314 million yuan [2] Capital Flow - The engineering consulting services sector saw a net outflow of 267 million yuan from institutional investors, while retail investors experienced a net inflow of 149 million yuan [2] - Key individual stock capital flows included: - Su Jiao Ke (300284) had a net inflow of 30.88 million yuan from institutional investors, but a net outflow of 26.68 million yuan from retail investors [3] - Shen Cheng Jiao (301091) saw a net inflow of 20.64 million yuan from institutional investors, with a net outflow of 23.43 million yuan from retail investors [3] - Matrix Co. (301365) had a net inflow of 20.13 million yuan from institutional investors, but a net outflow of 25.66 million yuan from retail investors [3]

Market Overview - On November 10, the Jiangsu state-owned enterprise reform sector rose by 1.09% compared to the previous trading day, with Xuelang Environment leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Xuelang Environment (300385) closed at 6.28, with a gain of 4.49% and a trading volume of 270,400 shares, amounting to a transaction value of 171 million [1] - Jianshi Family (603369) closed at 39.22, up 3.78%, with a trading volume of 168,300 shares and a transaction value of 651 million [1] - Jiangtian Chemical (300927) closed at 28.69, up 3.72%, with a trading volume of 90,700 shares and a transaction value of 257 million [1] - Other notable stocks include Weivi Co. (600300) with a 3.63% increase and a transaction value of 269 million, and Jiangsu Jinzu (600901) with a 3.57% increase and a transaction value of 261 million [1] Capital Flow - The Jiangsu state-owned enterprise reform sector saw a net inflow of 99.64 million from main funds, while retail investors experienced a net outflow of 81.07 million [2] - The main funds showed a significant presence in stocks like Huatai Securities (601688) with a net inflow of 154 million, while retail investors withdrew from stocks like Xuelang Environment and Weivi Co. [3]

Market Overview - The engineering consulting services sector increased by 0.66% on November 10, with Youan Design leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Performers - Youan Design (300983) closed at 24.08, up 4.74% with a trading volume of 26,100 and a transaction value of 61.90 million [1] - Hopu Co., Ltd. (301024) closed at 46.60, up 4.53% with a trading volume of 54,000 and a transaction value of 245 million [1] - Zhongda An (300635) closed at 15.50, up 3.54% with a trading volume of 107,500 [1] Underperformers - Zhongcheng Consulting (920003) closed at 35.60, down 7.63% with a trading volume of 59,900 and a transaction value of 215 million [2] - Zhongshe Consulting (920873) closed at 8.12, down 4.13% with a trading volume of 96,100 [2] - Huayang International (002949) closed at 14.55, down 1.82% with a trading volume of 34,800 [2] Capital Flow - The engineering consulting services sector experienced a net outflow of 88.92 million from institutional investors, while retail investors saw a net inflow of 18.07 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Tai Chi Industrial (600667) had a net inflow of 80.24 million from institutional investors, but a net outflow of 78.37 million from retail investors [3] - China Ruilin (603257) saw a net inflow of 22.60 million from institutional investors, with a net outflow of 16.92 million from retail investors [3] - Hopu Co., Ltd. (301024) had a net inflow of 10.70 million from institutional investors, while retail investors experienced a net outflow of 10.51 million [3]

Core Viewpoint - The engineering consulting services sector experienced a decline of 1.21% on November 7, with Zhongshe Consulting leading the drop. The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1]. Group 1: Market Performance - The engineering consulting services sector saw a net outflow of 667 million yuan from main funds, while retail investors contributed a net inflow of 422 million yuan [2][3]. - Notable stock performances included N Zhongcheng, which surged by 170.08% to close at 38.54 yuan, and Zhongshe Consulting, which fell by 4.08% to close at 8.47 yuan [1][2]. Group 2: Individual Stock Analysis - The top gainers in the sector included: - N Zhongcheng: 38.54 yuan, +170.08%, 114,800 shares traded, 462 million yuan in transaction value - Zhongda An: 14.97 yuan, +2.67%, 44,300 shares traded, 6.61 million yuan in transaction value [1]. - The top losers included: - Zhongshe Consulting: 8.47 yuan, -4.08%, 173,600 shares traded, 153 million yuan in transaction value - Shanshui Bide: 49.33 yuan, -3.44%, 9,767 shares traded, 49.16 million yuan in transaction value [2].

Core Viewpoint - The storage chip sector experienced a significant rise at the beginning of trading, with notable performances from several companies, indicating a positive market sentiment in this industry [1] Company Performance - Shannon Semiconductor reached a new high, reflecting strong investor interest and confidence in its growth potential [1] - Yingxin Development hit the daily limit up, showcasing robust demand and possibly strong financial results or market positioning [1] - Other companies such as Taiji Industry, Demingli, Jiangbolong, Purain Co., and Yishitong also saw increases, indicating a broader positive trend within the storage chip sector [1]

Core Viewpoint - The company, Taiji Industry (600667.SH), is committed to strengthening its semiconductor business and maintaining its strategic direction in this sector [1] Group 1: Semiconductor Business Strategy - The company will continue to enhance its semiconductor operations, focusing on quality and cost differentiation within the SK Hynix ecosystem through its subsidiary, Haitai Semiconductor [1] - Taiji Semiconductor, another subsidiary, will adhere to the "12335" strategic plan, aiming to integrate into mainstream markets, deepen its presence in automotive applications, target high-end products, and optimize its structure [1] - The company emphasizes the importance of improving technical capabilities, systemic capabilities, and resilience against market risks [1]

Market Overview - On November 3, the total trading volume of the Shanghai and Shenzhen stock markets reached 2.11 trillion, a decrease of 210.7 billion compared to the previous trading day [1] - The sectors that performed well included thorium-based molten salt concepts, AI applications, coal, and Hainan Free Trade Zone, while small metals and battery sectors saw declines [1] High-Performance Stocks - *ST Dongyi achieved a 5.01% increase, marking its 15th consecutive trading day of gains [3] - *ST Wanfang also rose by 5.01%, with 13 consecutive days of gains [3] - ST Zhongdi increased by 4.97%, achieving 12 consecutive days of gains [3] - Pingtan Development surged by 10.03%, with 9 consecutive days of gains attributed to strong quarterly report growth [3] - An Tai Group rose by 9.97%, with 7 consecutive days of gains due to reduced losses and a focus on circular economy [3] Trading Dynamics - The top three net purchases on the daily leaderboard were Tai Chi Industrial, Aerospace Intelligent Equipment, and Shenzhou Information, with net purchases of 330 million, 328 million, and 326 million respectively [5] - The top three net sales were Kaimete Gas, Hongrun Construction, and Siwei Control, with net sales of 236 million, 140 million, and 134 million respectively [7] Sector Highlights - Aerospace Intelligent Equipment saw a significant increase of 19.98%, with a trading volume of 21.56 billion and a net institutional purchase of 69.42 million [19] - Shenzhou Information also increased by 10.03%, with a trading volume of 42.94 billion, although it faced a slight net institutional sell-off of 555,100 [19] - Kaimete Gas experienced a decline of 9.96%, with a trading volume of 30.27 billion and a net institutional sell-off of 1.08 billion [19] Company-Specific Insights - Tai Chi Industrial is focusing on semiconductor packaging and testing services, with a buyback plan approved for 100-120 million shares at a price not exceeding 10.38 yuan per share [10][14] - Aerospace Intelligent Equipment has been involved in the development of thorium-based molten salt reactors, which have shown promising results in recent tests [14] - Kaimete Gas reported a 13.72% decline in net profit for Q3 2025, reflecting challenges in the photolithography sector [17]