证券代码：601126 证券简称：四方股份 公告编号：2025-051 北京四方继保自动化股份有限公司 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个别及连带责任。 重要内容提示： （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 7 日（星期五）至 11 月 13 日（星期四）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 ir@sf-auto.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。 北京四方继保自动化股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在上海证券交易所（www.sse.com.cn）及指定信息披露媒体发布《四方股份 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 2025 年 11 月 14 日（星期五）11:00-12:00 举行 ...

Core Points - Sifang Co., Ltd. experienced a stock price increase of 5.23%, reaching 32.82 CNY per share, with a trading volume of 2.179 billion CNY and a turnover rate of 8.42%, resulting in a total market capitalization of 27.346 billion CNY [1] Company Overview - Sifang Co., Ltd. is located in Haidian District, Beijing, and was established on April 8, 1994. The company was listed on December 31, 2010. Its main business involves the research, development, production, sales, and technical services of relay protection, power grid automation, and power plant automation products [1] - The revenue composition of Sifang Co., Ltd. is as follows: 49.82% from power plant and industrial automation, 42.94% from power grid automation, 7.09% from other sources, and 0.15% from rental income, technical services, and material sales [1] Fund Holdings - According to data from the top ten holdings of funds, Guojin Fund has one fund heavily invested in Sifang Co., Ltd. The Guojin Guoxin Initiated A Fund (762001) reduced its holdings by 108,900 shares in the third quarter, now holding 200,300 shares, which accounts for 4.89% of the fund's net value, making it the second-largest holding [2] - The Guojin Guoxin Initiated A Fund (762001) was established on August 28, 2012, with a latest scale of 74.7632 million CNY. Year-to-date returns are 12.82%, ranking 5345 out of 8149 in its category; the one-year return is 9.36%, ranking 5446 out of 8053; and since inception, the return is 346.77% [2]

Core Insights - On November 5, a total of 36 stocks were identified with institutional activity, with 22 showing net buying and 14 showing net selling [1] Institutional Buying - The top three stocks with the highest net buying by institutions were: - Arctech (阿特斯) with a net buying amount of 391 million yuan - China Tungsten High-Tech (中钨高新) with a net buying amount of 168 million yuan - Sifang Co., Ltd. (四方股份) with a net buying amount of 132 million yuan [1] Institutional Selling - The top three stocks with the highest net selling by institutions were: - Zhenhua Heavy Industries (振华股份) with a net outflow of 197 million yuan - Shunfa Power (神马电力) with a net outflow of 124 million yuan - Jishi Media (吉视传媒) with a net outflow of 98.63 million yuan [1]

Core Insights - Sifang Co., Ltd. (601126) experienced a significant stock price increase of 8.19% with a trading volume of 3.67 billion yuan and a turnover rate of 15.10% on the day of reporting [1][2] - The stock was listed on the Shanghai Stock Exchange's "龙虎榜" due to a daily price fluctuation of 16.80%, indicating high trading activity [1] - Institutional investors showed strong interest, with a net purchase of 132 million yuan, while the Shanghai-Hong Kong Stock Connect recorded a net purchase of 47.82 million yuan [1][2] Trading Activity - The top five trading departments accounted for a total transaction volume of 844 million yuan, with a net purchase of approximately 78.98 million yuan [1] - The main buying departments included two institutional specialized seats, which collectively bought 132 million yuan, while the Shanghai-Hong Kong Stock Connect was both the largest buyer and seller [1][2] - The stock saw a net inflow of 280 million yuan from major funds, with large orders contributing 182 million yuan to this inflow [1] Financial Performance - As of November 4, the margin trading balance for Sifang Co., Ltd. was 750 million yuan, with a financing balance of 747 million yuan, reflecting a recent increase of 148 million yuan or 24.64% over the past five days [2] - The company's Q3 report indicated a revenue of 6.132 billion yuan, representing a year-on-year growth of 20.39%, and a net profit of 704 million yuan, up 15.57% year-on-year [2] - Five institutions rated the stock as a buy in the last five days, with the highest target price set at 32.08 yuan by China International Capital Corporation [2]

Core Insights - On November 5, a total of 36 stocks were involved with institutional investors, with 22 showing net buying and 14 showing net selling [1] - The top three stocks with the highest net buying by institutions were Aters (阿特斯) at 391.14 million yuan, Zhongtung High-tech (中钨高新) at 168.33 million yuan, and Sifang Co., Ltd. (四方股份) at 132.32 million yuan [1][2] - The top three stocks with the highest net selling by institutions were Zhenhua Holdings (振华股份) at 197.47 million yuan, Shunma Electric (神马电力) at 124.44 million yuan, and Jishi Media (吉视传媒) at 98.63 million yuan [1][3] Institutional Buying Summary - Aters (阿特斯) had a daily increase of 20.02% with a net buying amount of 391.14 million yuan [2] - Zhongtung High-tech (中钨高新) increased by 10.01% with a net buying of 168.33 million yuan [2] - Sifang Co., Ltd. (四方股份) rose by 8.19% with a net buying of 132.32 million yuan [2] - Other notable stocks with net buying included Dawi Co., Ltd. (大为股份) at 93.10 million yuan and Igor (伊戈尔) at 80.84 million yuan [2] Institutional Selling Summary - Zhenhua Holdings (振华股份) experienced a net outflow of 197.47 million yuan with a daily increase of 7.23% [3] - Shunma Electric (神马电力) had a net outflow of 124.44 million yuan with a daily increase of 10.00% [3] - Jishi Media (吉视传媒) saw a net outflow of 98.63 million yuan with a daily increase of 10.04% [3] - Other stocks with significant net selling included Hainan Development (海南发展) at 22.81 million yuan and Tongrun Equipment (通润装备) at 24.58 million yuan [3]

Core Insights - Sifang Co., Ltd. experienced a stock price increase of 8.19% today, with a trading volume of 3.67 billion yuan and a turnover rate of 15.10% [1] - The post-market data indicates that the Shanghai Stock Connect dedicated seat bought 203 million yuan and sold 155 million yuan, resulting in a net purchase of 132 million yuan by two institutional dedicated seats [1]

Core Insights - The net inflow of main funds into the power grid equipment sector reached 5.962 billion yuan, while retail investors experienced a net outflow of 3.272 billion yuan [2][3] - The power grid equipment sector saw a significant increase of 4.92% on the trading day, with major stocks like Caneng Electric leading the gains [1] Group 1: Stock Performance - Caneng Electric (code: 920299) closed at 24.90 yuan, up 29.96% with a trading volume of 181,100 shares and a transaction value of 402 million yuan [1] - Yinen Electric (code: 920046) closed at 17.95 yuan, up 20.79% with a trading volume of 207,600 shares [1] - Shuangjie Electric (code: 300444) closed at 68.60 yuan, up 20.02% with a trading volume of 2,188,800 shares and a transaction value of 2.003 billion yuan [1] Group 2: Market Trends - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] - The overall trading volume in the power grid equipment sector was robust, indicating strong investor interest [2] Group 3: Fund Flow Analysis - Main funds showed a net inflow of 5.962 billion yuan into the power grid equipment sector, while speculative funds had a net outflow of 2.689 billion yuan [2][3] - Retail investors also experienced a net outflow of 3.272 billion yuan, suggesting a shift in investment strategy among different investor types [2][3]

Core Insights - The flexible DC transmission concept has seen a significant increase of 4.13%, ranking second among concept sectors, with 47 stocks rising, including notable gainers like Shuangjie Electric and Jinguang Electric, which hit the 20% limit up [1][2]. Group 1: Market Performance - The flexible DC transmission sector attracted a net inflow of 3.3 billion yuan, with 34 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflows [2]. - The top net inflow stock was TBEA, with a net inflow of 1.199 billion yuan, followed by China XD Electric and Baobian Electric with net inflows of 455 million yuan and 429 million yuan, respectively [2][3]. Group 2: Stock Performance - Among the top performers, TBEA and Baobian Electric both recorded a 9.99% increase, while Shuangjie Electric surged by 20.02% [3][4]. - The stocks with the highest net inflow ratios included Baobian Electric at 35.56%, Huaci Co. at 23.37%, and Jinguang Electric at 14.15% [3][4].

Core Viewpoint - The high-voltage concept sector has shown significant growth, with a 3.36% increase, ranking third among concept sectors, driven by strong performances from several stocks [1][2]. Group 1: Sector Performance - The high-voltage concept sector saw 92 stocks rise, with notable gainers including Caneng Electric at a 30% limit up, and Jinguang Electric at a 20% limit up [1]. - Other significant gainers in the sector included Sun Cable, Shunma Electric, and Baobian Electric, which rose by 13.30%, 9.70%, and 9.51% respectively [1]. - Conversely, the sector also experienced declines, with Dongcai Technology, Yake Technology, and Changfei Optical Fiber falling by 2.92%, 2.31%, and 2.22% respectively [1]. Group 2: Capital Inflow - The high-voltage concept sector attracted a net inflow of 4.144 billion yuan, with 66 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2]. - The leading stock in terms of net capital inflow was TBEA, which saw a net inflow of 1.199 billion yuan, followed by China West Electric and Baobian Electric with net inflows of 455 million yuan and 429 million yuan respectively [2]. Group 3: Stock-Specific Data - Key stocks in the high-voltage sector included TBEA with a 9.99% increase and a turnover rate of 8.86%, and China West Electric with a 7.24% increase and a turnover rate of 10.31% [3]. - Baobian Electric also performed well with a 9.99% increase and a net inflow ratio of 35.56% [3]. - Other notable stocks included Sifang Co. with an 8.19% increase and a turnover rate of 15.10%, and Guodian Nari with a 2.32% increase and a turnover rate of 1.38% [3].

Group 1 - The core point of the news is the significant increase in the stock price of Sifang Co., which rose by 5.27% to 30.35 CNY per share, with a trading volume of 2.121 billion CNY and a turnover rate of 9.08%, leading to a total market capitalization of 25.288 billion CNY [1] - Sifang Co. specializes in the research, production, sales, and technical services of relay protection, grid automation, and power plant automation products, with its main business revenue composition being 49.82% from power and industrial automation, 42.94% from grid automation, and 7.09% from other sources [1] Group 2 - According to data from the top ten holdings of funds, the Everbright Prudential fund holds a significant position in Sifang Co., with the Everbright Prudential Belt and Road Mixed A Fund (001463) owning 82,500 shares, accounting for 2.05% of the fund's net value, ranking as the ninth largest holding [2] - The Everbright Prudential Belt and Road Mixed A Fund has a total scale of 81.0916 million CNY and has achieved a year-to-date return of 18.24%, ranking 4492 out of 8150 in its category, with a one-year return of 19.64%, ranking 3998 out of 8043 [2]