格隆汇11月3日丨圣晖集成(603163.SH)公布，近日，公司收到股东苏州圣展发来的《关于提前终止减持 计划暨股份减持结果告知函》，苏州圣展自2025年10月20日至2025年10月31日期间通过集中竞价方式共 计减持公司股份56.55万股，占公司股份总数的0.5655%。苏州圣展决定提前终止本次减持计划。 截至本公告披露日，苏州圣展持有公司股票共计131.48万股，占公司目前总股本比例1.31475%。 ...

证券代码：603163 证券简称：圣晖集成 公告编号：2025-057 圣晖系统集成集团股份有限公司 股东提前终止减持计划暨减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，股东苏州圣展企业管理咨询合伙企业（有限合伙）（以 下简称"苏州圣展"）持有圣晖系统集成集团股份有限公司（以下简称"公司" 或"圣晖集成"）无限售流通股 1,880,250 股，占公司总股本的 1.88025%。 上述股东所持股份来源于公司首次公开发行前已取得的股份及公司 2023 年 实施权益分派资本公积转增股本取得的股份。 公司离任未满 6 个月的董事苏昱銂、监事黄雅萍、王瑜不参与苏州圣展本次 股份减持计划，亦不参与减持收益分配。 近日，公司收到股东苏州圣展发来的《关于提前终止减持计划暨股份减持结 果告知函》，苏州圣展自 2025 年 10 月 20 日至 2025 年 10 月 31 日期间通过集中 竞价方式共计减持公司股份 565,500 股，占公司股份总数的 0.56 ...

Core Points - The company Shenghui Integrated (603163.SH) announced that its shareholder Suzhou Shengzhan planned to reduce its holdings by no more than 620,000 shares, which represents 0.62% of the total share capital [1] - From October 20 to October 31, 2025, Suzhou Shengzhan reduced its holdings by 565,500 shares, accounting for 0.5655% of the total shares, leaving 54,500 shares untransferred [1] - Suzhou Shengzhan decided to terminate the reduction plan early, and after the completion of this reduction, it holds 1,314,800 shares, which is 1.31475% of the current total share capital [1]

Market Overview - The professional engineering sector increased by 1.42% on November 3, with Shanghai Port and Bay leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Notable gainers in the professional engineering sector included: - Yihai Aoying (605598) with a closing price of 33.18, up 10.01% and a trading volume of 79,700 shares, totaling 255 million yuan - Yaxiang Integration (603929) with a closing price of 46.71, up 10.01% and a trading volume of 45,900 shares, totaling 211 million yuan - Shenghui Integration (603163) with a closing price of 50.49, up 10.00% and a trading volume of 82,300 shares, totaling 402 million yuan [1] Capital Flow - The professional engineering sector saw a net inflow of 58.6 million yuan from institutional investors, while retail investors contributed a net inflow of 75.3 million yuan [2] - Notable stocks with significant capital flow included: - Donghua Technology (002140) with a net inflow of 123 million yuan from institutional investors, but a net outflow of 55.6 million yuan from retail investors [3] - Shenghui Integration (603163) with a net inflow of 43.6 million yuan from institutional investors, but a net outflow of 47.3 million yuan from retail investors [3]

Core Insights - Shenghui Integrated Group Co., Ltd. experienced a stock price increase of 5.12%, reaching 48.25 CNY per share, with a total market capitalization of 4.825 billion CNY [1] Company Overview - Shenghui Integrated Group was established on September 3, 2003, and went public on October 13, 2022. The company is located in Suzhou High-tech Zone, Jiangsu Province [1] - The main business activities include cleanroom engineering services in high-tech industries such as IC semiconductors and optoelectronics. The revenue composition is as follows: cleanroom engineering 64.36%, other electromechanical installation projects 31.78%, equipment sales 3.74%, and others 0.11% [1] Fund Holdings - Guodu Securities has a fund that heavily invests in Shenghui Integrated, specifically Guodu Jucheng (011389), which held 10,000 shares in the third quarter, accounting for 3.9% of the fund's net value, making it the fourth-largest holding [2] - The fund has a total size of 11.6662 million CNY and has achieved a year-to-date return of 10.41%, ranking 5845 out of 8223 in its category [2] Fund Manager Performance - The fund managers of Guodu Jucheng include Liao Xiaodong, Zhang Xiaolei, and Gong Yongjin, with varying tenures and performance records [3] - Liao Xiaodong has a tenure of 5 years and 174 days, with the best return of -24.14% and the worst return of -65.41% during his tenure [3] - Zhang Xiaolei has a tenure of 6 years and 324 days, achieving a best return of 80.09% and a worst return of -23.54% [3] - Gong Yongjin has a shorter tenure of 1 year and 215 days, with a consistent return of 9.93% [3]

Investment Rating - The industry rating is maintained at "Outperform the Market" [4] Core Views - The construction sector experienced a decline of 1.35% this week, underperforming the broader market by 1.11 percentage points, with mergers, acquisitions, and technology-related stocks showing stronger performance [1][3] - For the first three quarters of 2025, the construction sector reported a revenue decline of 5.10% and a net profit decline of 9.53%, with the revenue drop remaining consistent compared to the same period in 2024 [1][12] - The third quarter of 2025 saw a revenue decline of 4.24% and a net profit decline of 17.52%, with an increase in expenses impacting profits [1][12] Summary by Sections 1. Construction Sector Performance - The construction sector's revenue for the first three quarters of 2025 was 58,415 billion yuan, with a year-on-year decline of 5.10% and a net profit of 1,239 billion yuan, down 9.53% [12][15] - The third quarter of 2025 showed a revenue decline of 4.24% and a net profit decline of 17.52%, with a slight improvement in revenue compared to the second quarter [1][12] 2. Central Enterprises - Only China Chemical, China Electric Power, and China Energy Construction reported positive revenue growth in the first three quarters of 2025, with China Chemical also achieving positive net profit growth [2][15] - The current dividend yield for China Construction is at 5.00%, highlighting its strong performance in terms of dividends [2][15] 3. International Engineering - China National Materials achieved a revenue growth of 3.99% in the first three quarters of 2025, with a 4.48% growth in the third quarter [2][19] - Other international engineering companies faced significant revenue and profit pressure, with high dividend yields for China National Materials and China Steel International at 4.76% and 4.67% respectively [2][19] 4. Local State-Owned Enterprises - Local state-owned enterprises such as Sichuan Road and Bridge, Tibet Tianlu, and Xinjiang Communications Construction reported positive revenue and profit growth [2][22] - Xinjiang Communications Construction showed remarkable performance with a revenue growth of 38.58% and a net profit growth of 147.73% in the first three quarters of 2025 [2][22] 5. Professional Engineering - Companies in the semiconductor cleanroom sector, such as Shenghui Integration, reported significant growth, with a revenue increase of 59.40% and a net profit increase of 93.89% in the third quarter of 2025 [2][20] - The overall performance in the professional engineering sector showed a clear divergence, with some companies experiencing strong growth while others faced challenges [2][20] 6. Investment Recommendations - The report suggests focusing on the construction sector's recovery, particularly in infrastructure investments driven by government initiatives [29] - Key recommendations include local state-owned enterprises in high-growth regions such as Sichuan and Zhejiang, as well as central enterprises like China Communications Construction and China Railway Construction [29]

Core Viewpoint - Sheng Hui Integrated is a Taiwanese cleanroom engineering service provider with extensive overseas market experience, primarily serving the high-tech industry, including IC semiconductors and optoelectronics [1] Financial Performance - For Q3 2025, Sheng Hui Integrated reported revenue of 2.116 billion yuan, ranking 8th in the industry, with a net profit of 100 million yuan, also ranking 8th [2] - The company's main business segments include cleanroom engineering (834 million yuan, 64.36%), other electromechanical installation (412 million yuan, 31.78%), and equipment sales (48.46 million yuan, 3.74%) [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 49.71%, lower than the industry average of 61.18% [3] - The gross profit margin for Q3 2025 was 9.41%, below the industry average of 16.47% [3] Executive Compensation - The chairman, Liang Jinli, received a salary of 490,100 yuan in 2024, a slight increase from 2023 [4] - The general manager, Zhu Qihua, had a salary of 942,600 yuan in 2024, a decrease from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 39.35% to 12,800 [5] - The average number of circulating A-shares held per shareholder decreased by 28.24% to 2,726.5 [5] Order Backlog and Growth Projections - The company reported a strong order backlog of 2.214 billion yuan as of Q3 2025, a year-on-year increase of 21% [6] - Revenue for the first three quarters of 2025 was 2.116 billion yuan, a year-on-year increase of 46%, with net profit growing by 29% [6] - Forecasts for net profit from 2025 to 2027 are 142 million, 206 million, and 305 million yuan, representing growth rates of 24.1%, 45.4%, and 47.9% respectively [5]

圣晖系统集成集团股份有限公司 2025 年第二次临时股东会会议资料 证券代码：603163 证券简称：圣晖集成 圣晖系统集成集团股份有限公司 2025 年第二次临时股东会会议资料 二〇二五年十一月 | 2、《关联交易管理制度》修订对照表 28 | | --- | 圣晖系统集成集团股份有限公司 2025 年第二次临时股东会会议资料 2025 年第二次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法行使权利， 根据《公司法》、中国证监会《上市公司股东会规则》和公司《股东会议事规则》 等有关规定，特制定本会议须知： 一、公司负责本次股东会的议程安排和会务工作，出席会议人员应当听从公 司工作人员安排，共同维护好会议秩序。 二、为保证股东会的正常秩序，除出席会议的股东或者股东代理人、董事、 董事会秘书、其他高级管理人员、见证律师、本次会议议程有关人员及会务工作 人员以外，公司有权拒绝其他人员进入会场。对于影响股东会秩序和损害其他股 东合法权益的行为，公司将按规定加以制止。 三、出席股东会的股东、股东代理人应当持身份证或者营业执照复印件、授 权委托书和证券账户卡等证件按股东会通知登记时间办理签 ...

Group 1 - The core viewpoint of the news is that Shenghui Integrated has seen a stock price increase of 5.36%, reaching 49.50 CNY per share, with a trading volume of 273 million CNY and a turnover rate of 5.75%, resulting in a total market capitalization of 4.95 billion CNY [1] - Shenghui Integrated is primarily engaged in cleanroom engineering services in high-tech industries such as IC semiconductors and optoelectronics, with its main business revenue composition being 64.36% from cleanroom engineering, 31.78% from other electromechanical installation projects, 3.74% from equipment sales, and 0.11% from other sources [1] Group 2 - According to data from the top ten heavy stocks of funds, Guodu Securities has a fund that heavily invests in Shenghui Integrated, with Guodu Jucheng (011389) holding 10,000 shares, accounting for 3.9% of the fund's net value, making it the fourth-largest heavy stock [2] - Guodu Jucheng (011389) has a total scale of 11.6662 million CNY and has achieved a return of 10.43% this year, ranking 5838 out of 8155 in its category, with a one-year return of 8.74%, ranking 5879 out of 8031, and a cumulative loss of 45.39% since its inception [2] Group 3 - The fund managers of Guodu Jucheng (011389) are Liao Xiaodong, Zhang Xiaolei, and Gong Yongjin, with Liao having a tenure of 5 years and 169 days, achieving a best fund return of -24.14% and a worst return of -65.45% during his tenure [3] - Zhang has a tenure of 6 years and 319 days, with a best fund return of 80.09% and a worst return of -23.54% [3] - Gong has a tenure of 1 year and 210 days, with a consistent best and worst fund return of 9.95% [3]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][16][21] Core Views - The company has demonstrated significant year-on-year growth in revenue and profit, with Q3 2025 revenue reaching 821 million yuan, up 59% year-on-year, and net profit attributable to shareholders at 33 million yuan, up 94% year-on-year [1][8] - The company has a robust order backlog, with new orders signed in the first half of 2025 amounting to 2.251 billion yuan, a 70% increase year-on-year, and a total backlog of 2.214 billion yuan as of Q3 2025, up 21% year-on-year [1][10] - The gross margin is expected to recover in Q4 2025, with Q3 gross margin at 8.53%, down 1.47 percentage points from Q2 [2][11] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 2.116 billion yuan, a 46% increase year-on-year, and a net profit of 96 million yuan, a 29% increase year-on-year [1][8] - The company’s cash flow remains healthy, with net cash flow from operating activities for the first three quarters of 2025 at 121 million yuan, an increase of 99 million yuan year-on-year [2][15] - The company’s contract liabilities, reflecting advance payments, stood at 175 million yuan as of Q3 2025, a 34% increase year-on-year [2][15] Profit Forecast - The profit forecast for the company indicates net profits of 142 million yuan, 206 million yuan, and 305 million yuan for 2025, 2026, and 2027 respectively, representing year-on-year growth rates of 24.1%, 45.4%, and 47.9% [3][16]