[Key Highlights](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) Delixi New Energy Technology Co., Ltd. expects to achieve profitability in the first three quarters of 2025, with net profit attributable to parent company owners increasing by over 50% year-on-year, projecting 35 million to 40 million CNY in net profit and 30 million to 35 million CNY in non-recurring net profit, subject to final official disclosure 2025 Q1-Q3 Performance Forecast (Preliminary) | Indicator | Estimated Amount (CNY million) | | :--- | :--- | | Net Profit Attributable to Parent Company Owners | 35 - 40 | | Net Profit Attributable to Parent Company Owners Excluding Non-recurring Gains and Losses | 30 - 35 | | Year-on-year Net Profit Increase | Over 50% | - This performance forecast is based on preliminary calculations and has not been audited; the final data will be subject to the company's officially disclosed Q3 2025 report[2](index=2&type=chunk) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) This section details the performance forecast period for the first three quarters of 2025, specific financial prediction ranges, and emphasizes that these unaudited figures are preliminary estimates from the company's finance department [Performance Forecast Period](index=1&type=section&id=(%E4%B8%80)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This performance forecast covers the financial period from January 1, 2025, to September 30, 2025 - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) [Performance Forecast Details](index=1&type=section&id=(%E4%BA%8C)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company expects net profit attributable to parent company owners for the first three quarters of 2025 to be between 35 million and 40 million CNY, with net profit excluding non-recurring gains and losses between 30 million and 35 million CNY 2025 Q1-Q3 Performance Forecast (CNY million) | Indicator | Estimated Amount (CNY million) | | :--- | :--- | | Net Profit Attributable to Parent Company Owners | 35 - 40 | | Net Profit Attributable to Parent Company Owners Excluding Non-recurring Gains and Losses | 30 - 35 | [Financial Data Explanation](index=2&type=section&id=(%E4%B8%89)%20%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E8%AF%B4%E6%98%8E) All financial data in this performance forecast are preliminary estimates by the company's finance department and have not been audited by an accounting firm - This performance forecast data has not been audited by an accounting firm and represents preliminary estimates by the company's finance department[6](index=6&type=chunk) [Prior Period Performance Overview](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5) This section presents the financial performance for the first three quarters of 2024 (prior period), including net profit attributable to parent company owners, net profit excluding non-recurring gains and losses, and earnings per share, providing a comparative baseline for the current period's projected increase 2024 Q1-Q3 Performance Overview | Indicator | Amount | | :--- | :--- | | Net Profit Attributable to Parent Company Owners | 16.30 CNY million | | Net Profit Attributable to Parent Company Owners Excluding Non-recurring Gains and Losses | -6.46 CNY million | | Earnings Per Share | 0.07 CNY | [Primary Reasons for Performance Increase](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The company's projected performance increase for the first three quarters of 2025 is primarily driven by growth in the precision manufacturing business segment, enhanced by internal management, optimized processes, market expansion, product structure optimization, strengthened supply chain management, and refined cost control, collectively boosting operational efficiency and profitability - The performance increase is primarily attributed to the growth of the **precision manufacturing business segment**[8](index=8&type=chunk) - The company strengthened internal management, optimized business processes, and improved operational efficiency to achieve cost reduction and efficiency gains[8](index=8&type=chunk) - Increased market research, deep understanding of customer needs, precise targeting of customers, and active expansion into emerging markets to find new profit growth points[8](index=8&type=chunk) - Optimized production processes to reduce waste and improve raw material utilization, adjusted product structure and sales policies based on market dynamics, strengthened supply chain management, and implemented refined management to control labor costs[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company states that as of the announcement date, there are no significant uncertainties affecting the accuracy of the performance forecast, but reiterates that these unaudited preliminary figures require investors to exercise caution and be aware of investment risks - As of the announcement date, the company has no significant uncertainties that could affect the accuracy of this performance forecast[9](index=9&type=chunk) - This performance forecast has not been audited by an accounting firm and represents preliminary estimated data from the company's finance department[9](index=9&type=chunk) - The specific and accurate financial data will be subject to the company's officially disclosed Q3 2025 report; investors are advised to make prudent decisions and be aware of investment risks[9](index=9&type=chunk)[10](index=10&type=chunk)

Core Viewpoint - The company, 德新科技, anticipates a net profit of 35 million to 40 million yuan for the first three quarters of 2025, driven by growth in its precision manufacturing segment [1] Group 1: Financial Performance - The expected net profit for the first three quarters of 2025 is between 35 million and 40 million yuan [1] - The company's market capitalization is currently 4.9 billion yuan [1] Group 2: Business Segmentation - For the year 2024, the revenue composition is as follows: manufacturing accounts for 80.17%, services for 9.49%, trade for 6.0%, and other businesses for 4.34% [1] Group 3: Growth Drivers - The anticipated profit increase is attributed to enhanced internal management, optimized business processes, and improved operational efficiency [1] - The company is focusing on market research to better understand customer demand changes and is actively expanding into emerging markets to identify new profit growth points [1]

Core Viewpoint - The A-share market is experiencing a decline, with the Shanghai Composite Index down by 0.47% and a total trading volume of 2,104.034 billion yuan as of 14:01 [1]. Group 1: Market Performance - The Shanghai Composite Index is at 3,871.31 points, reflecting a decrease of 0.47% [1]. - A total of 91 A-shares have seen their 5-day moving averages cross below their 10-day moving averages, indicating potential bearish trends [1]. Group 2: Notable Stocks - Hongxing Co. (001209) has a 5-day moving average of 18.33 yuan, down 1.39% today, with a distance of -2.53% from its 10-day moving average [1]. - Huayi Technology (688071) shows a significant drop of 5.62%, with its 5-day moving average at 40.79 yuan, which is -2.43% lower than its 10-day moving average [1]. - Top Group (601689) has decreased by 5.54%, with a 5-day moving average of 73.56 yuan, -2.42% from its 10-day moving average [1].

Company Overview - 德新科技 is located in Urumqi, Xinjiang, and was established on May 28, 2003, with its listing date on January 5, 2017 [1] - The company primarily engages in road passenger transport and bus station services, with a revenue composition of 89.90% from precision manufacturing and 10.10% from passenger services [1] Stock Performance - As of September 19, 德新科技's stock price increased by 2.25% to 22.69 CNY per share, with a total market capitalization of 5.298 billion CNY [1] - Year-to-date, the stock has risen by 69.40%, with a recent decline of 1.77% over the last five trading days, but an increase of 23.25% over the last 20 days and 28.02% over the last 60 days [1] - The company has appeared on the龙虎榜 three times this year, with the most recent appearance on September 3, where it recorded a net buy of -32.1434 million CNY [1] Financial Performance - For the first half of 2025, 德新科技 reported a revenue of 251 million CNY, representing a year-on-year growth of 90.50%, and a net profit attributable to shareholders of 22.3517 million CNY, up 187.09% year-on-year [2] - Cumulatively, the company has distributed 44.145 million CNY in dividends since its A-share listing, with 13.0768 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 德新科技 had 30,200 shareholders, an increase of 5.03% from the previous period, with an average of 7,683 circulating shares per shareholder, a decrease of 4.15% [2] Industry Context - 德新科技 operates within the electric equipment sector, specifically in battery and lithium battery specialized equipment, and is associated with concepts such as solid-state batteries, lithium batteries, and Xinjiang revitalization [2]

Company Overview - 德新科技 is located in Urumqi, Xinjiang, and was established on May 28, 2003, with its listing date on January 5, 2017 [1] - The company primarily engages in road passenger transport and bus station services, with a revenue composition of 89.90% from precision manufacturing and 10.10% from passenger services [1] Stock Performance - As of September 9, 德新科技's stock price increased by 2.01% to 23.32 CNY per share, with a total market capitalization of 5.446 billion CNY [1] - Year-to-date, the stock has risen by 74.11%, but has seen a decline of 6.27% over the last five trading days [1] - The stock has appeared on the龙虎榜 three times this year, with the most recent appearance on September 3, where it recorded a net buy of -32.14 million CNY [1] Financial Performance - For the first half of 2025, 德新科技 reported a revenue of 251 million CNY, representing a year-on-year growth of 90.50%, and a net profit attributable to shareholders of 22.35 million CNY, up 187.09% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 44.145 million CNY, with 13.0768 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 德新科技 had 30,200 shareholders, an increase of 5.03% from the previous period, with an average of 7,683 shares held per shareholder, a decrease of 4.15% [2] Industry Classification - 德新科技 belongs to the electric equipment sector, specifically in battery and lithium battery specialized equipment, and is associated with concepts such as solid-state batteries and BYD [2]

Group 1 - The core viewpoint is that Dexin Technology has successfully transitioned from a transportation company to a player in the lithium battery, new energy, and robotics sectors, experiencing significant stock price increases and revenue growth [1][2]. - Dexin Technology's stock price rose from over 18 yuan to 25.6 yuan between August 29 and September 3, marking a continuous four-day limit-up [1]. - The company reported a revenue of 251 million yuan in the first half of the year, representing a year-on-year growth of 90.5%, and a net profit of 22.35 million yuan, nearly doubling compared to the previous year [1]. Group 2 - The company has diversified its business by acquiring 100% of Dongguan Zhihong Precision Mould Co., Ltd. in 2021, marking its entry into the lithium battery sector [1]. - Dexin Technology's precision manufacturing business is expected to contribute 80% of its revenue in 2024, focusing on lithium battery molds, new energy equipment, and precision reducers for robots [1]. - Despite the positive market response, the company issued announcements to temper market enthusiasm, indicating uncertainty about the rapid stock price increase [2].

Market Overview - The battery sector experienced a decline of 0.68% on the previous trading day, with Dexin Technology leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Notable gainers in the battery sector included: - Tianhong Lithium Battery (涨幅: 29.99%, 收盘价: 28.09, 成交额: 4.91 billion) [1] - Lijia Technology (涨幅: 29.98%, 收盘价: 32.08, 成交额: 5.04 billion) [1] - Zhengye Technology (涨幅: 20.02%, 收盘价: 10.49, 成交额: 5.97 billion) [1] - Significant decliners included: - Dexin Technology (跌幅: -10.00%, 收盘价: 23.04, 成交额: 11.16 billion) [2] - Yema Battery (跌幅: -10.00%, 收盘价: 25.56, 成交额: 5.66 billion) [2] - Jia Yuan Technology (跌幅: -6.71%, 收盘价: 28.65, 成交额: 17.00 billion) [2] Capital Flow - The battery sector saw a net outflow of 4.82 billion from institutional investors and 4.51 billion from retail investors, while retail investors had a net inflow of 9.33 billion [2] - Key stocks with significant capital flow included: - Tianci Materials (主力净流入: 2.62 billion, 散户净流入: -2.13 billion) [3] - Zhengye Technology (主力净流入: 2.28 billion, 散户净流入: -1.00 billion) [3] - Tianji Shares (主力净流入: 1.93 billion, 散户净流入: -8321.59 million) [3]

Group 1 - The stock of DeXin Technology (603032) increased by 2.89% with a turnover rate of 29.18% and a trading volume of 1.769 billion yuan, showing a fluctuation of 10.19% [2] - The stock was listed on the Shanghai Stock Exchange due to its turnover rate reaching 29.18%, with a net selling amount of 32.14 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 407 million yuan, with a buying amount of 187 million yuan and a selling amount of 220 million yuan, resulting in a net selling of 32.14 million yuan [2] Group 2 - The main buying brokerage was Guotai Junan Securities Headquarters, with a buying amount of 49.87 million yuan, while the largest selling brokerage was Huafu Securities Northeast Branch, with a selling amount of 59.39 million yuan [3] - The stock experienced a net outflow of 96.94 million yuan in main funds, with a significant outflow of 45.36 million yuan from large orders and 51.58 million yuan from big orders [2] - Over the past five days, the main funds had a net inflow of 63.96 million yuan [2] Group 3 - The company reported a revenue of 251 million yuan for the first half of the year, representing a year-on-year growth of 90.50%, and a net profit of 22.35 million yuan, reflecting a year-on-year increase of 187.09% [3] - As of September 2, the margin trading balance for the stock was 12.2 million yuan, with a financing balance of 12.2 million yuan and a securities lending balance of 59,700 yuan [2] - Over the past five days, the financing balance decreased by 3.58 million yuan, a decline of 2.85%, while the securities lending balance increased by 570 yuan, an increase of 10.61% [2]

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - ST Tianmao (000627) has a cash option declaration period from September 15, 2025, to September 19, 2025[1] - Tianpu Co., Ltd. (605255) announced significant trading activity on September 3, 2025[1] Market Volatility - Kaipu Cloud (688228) reported severe abnormal fluctuations on August 30, 2025[1] - Xinhua Jin (600735) experienced significant trading activity on August 30, 2025[1] - ST Chuntian (600381) had notable trading activity on September 3, 2025[1] Other Notable Announcements - ST Er Ya (600107) reported trading activity on September 3, 2025[1] - Shanghai Electric Power (600021) had significant trading activity on September 3, 2025[1] - ST Gao Hong (000851) reported trading activity on September 3, 2025[1]

Market Overview - A-shares market showed a slight decline overall on September 3, 2025, with major indices experiencing minor adjustments, while the ChiNext index saw a momentary increase [1][2] - The Shanghai Composite Index opened high but fell over 40 points, with a decline exceeding 1% at one point before narrowing its losses [2] - The Shenzhen Component Index performed relatively well, and the ChiNext index had a peak increase of over 1.8% during the session [2] Individual Stock Performance - EVE Energy (300014) saw a significant increase, with its stock price rising over 14% during the session, leading to a market capitalization fluctuation around 130 billion yuan [2] - Another leading stock in the ChiNext, Sungrow Power Supply (300274), also experienced a substantial rise, with a peak increase of over 10%, bringing its latest market capitalization to over 220 billion yuan [2] - Several stocks in the market exhibited active trading, with multiple stocks hitting the daily limit up [4] Sector Performance - In terms of sector performance, internet, comprehensive, electrical equipment, and semiconductor sectors led the gains, while multi-financial and transportation equipment sectors faced declines [2] - Concept sectors such as lithography machine and electronic paper saw significant gains, while lithium mining concepts also performed well, although their gains narrowed later [3] Company Announcements - DeXin Technology (603032) hit the daily limit up for the fourth consecutive trading day, issuing a risk warning due to significant price fluctuations, with a cumulative increase exceeding 20% over two trading days [5] - Bojie Co., Ltd. (002975) also reached the daily limit up for the third consecutive day, confirming no undisclosed matters that could affect its stock price [6] - Baiyin Nonferrous Metals (601212) hit the daily limit up for the third consecutive day, with a static P/E ratio of 390.44, significantly higher than the industry average of 83.35 [7] Hong Kong Market Overview - The Hong Kong stock market opened high but turned lower, with the Hang Seng Index experiencing a decline during the session [8] - Among the Hang Seng Index constituents, stocks like Zhongsheng Holdings, CSPC Pharmaceutical Group, and Xinyi Solar saw notable gains [9] Company Earnings - NIO Inc. reported its Q2 2025 earnings, with total revenue of 19.0087 billion yuan (approximately 2.6535 billion USD), marking a 9.0% increase year-over-year and a 57.9% increase quarter-over-quarter [10] - The net loss for NIO in Q2 2025 was 4.9948 billion yuan (approximately 0.6972 billion USD), a decrease of 1.0% year-over-year and 26.0% quarter-over-quarter [10] - NIO's vehicle delivery volume reached 72,056 units in Q2 2025, a 25.6% increase year-over-year and a 71.2% increase quarter-over-quarter [10] Company Performance - Neway Data Holdings experienced a significant drop, with its stock price declining over 16% despite reporting a 10% year-over-year revenue increase to 2.938 billion HKD for the fiscal year ending June 30, 2025 [11]