Market Overview - The communication services sector increased by 0.23% on November 6, with Century Hengtong leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Communication Services - Century Hengtong (301428) closed at 36.15, up 2.52% with a trading volume of 49,400 shares and a turnover of 176 million yuan [1] - Data Port (603881) closed at 31.79, up 1.50% with a trading volume of 163,300 shares and a turnover of 517 million yuan [1] - Super Communication (603322) closed at 47.07, up 1.36% with a trading volume of 91,400 shares and a turnover of 428 million yuan [1] Top Losers in Communication Services - Zhongfutong (300560) closed at 14.56, down 3.83% with a trading volume of 233,400 shares and a turnover of 341 million yuan [2] - Hengxin Oriental (300081) closed at 5.51, down 2.48% with a trading volume of 301,000 shares and a turnover of 166 million yuan [2] - Lian Technology (300603) closed at 10.71, down 1.47% with a trading volume of 111,700 shares and a turnover of 12 million yuan [2] Capital Flow Analysis - The communication services sector experienced a net outflow of 255 million yuan from institutional investors, while retail investors saw a net inflow of 267 million yuan [2] - Major stocks like China Telecom (601728) had a net inflow of 24.02 million yuan from institutional investors, but a net outflow of 63.54 million yuan from speculative funds [3] - Century Hengtong (301428) saw a net inflow of 14.68 million yuan from institutional investors, while retail investors had a net outflow of 16.96 million yuan [3]

Core Viewpoint - The stock of ChaoXun Communication has shown volatility with a year-to-date increase of 25% but has recently experienced a decline over the past few trading days, indicating potential market fluctuations and investor sentiment changes [2][3]. Stock Performance - As of November 6, ChaoXun Communication's stock price was 47.50 CNY per share, with a trading volume of 1.99 billion CNY and a market capitalization of 74.85 billion CNY [1]. - The stock has increased by 25% year-to-date, but has decreased by 5.17% in the last five trading days and 18.36% in the last 20 days [2]. Financial Performance - For the period from January to September 2025, ChaoXun Communication reported a revenue of 1.778 billion CNY, representing a year-on-year growth of 79.63%. The net profit attributable to shareholders was 59.87 million CNY, reflecting a significant increase of 135.48% [3]. - The company has not distributed any dividends in the last three years, with a total payout of 30.33 million CNY since its A-share listing [4]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 50.46% to 38,700, while the average number of circulating shares per person decreased by 33.54% to 4,075 shares [3]. - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 2.176 million shares, an increase of 1.108 million shares from the previous period [4]. Business Overview - ChaoXun Communication, established on August 28, 1998, and listed on July 28, 2016, is primarily engaged in communication network construction, maintenance, and optimization. The revenue breakdown shows that intelligent computing accounts for 79.16%, communication technology services for 16.08%, and ICT for 4.44% [2].

Core Viewpoint - The strategic partnership among Junyu Group, Zhongjing Investment Construction Group, and ChaoXun Communication aims to enhance collaboration in the fields of computing power and renewable energy, contributing to the development of a green digital economy [1][2]. Group 1 - The signing ceremony for the "Guilin Huajun AI Industrial Park" project took place in Guangzhou, marking the formal establishment of a deep strategic partnership among the three companies [1]. - The collaboration will leverage Junyu Group's experience in computing power and renewable energy project development, Zhongjing's investment capabilities in the renewable energy sector, and ChaoXun's technical advantages in computing infrastructure [1][2]. - A regular communication mechanism will be established to clarify cooperation directions, share policy information, market channels, and technological achievements, and explore cross-field collaborative development [1]. Group 2 - Junyu Group's representative emphasized that the past cooperation has built a solid foundation of trust, and this strategic partnership is a key step in deepening collaboration [2]. - ChaoXun Communication highlighted the strong alignment of advantages among the three parties and committed to leveraging its technical and scenario advantages in the computing power and renewable energy sectors [2]. - Zhongjing Investment Construction Group pledged to focus on investment services for renewable energy supporting projects, ensuring detailed coordination and support for project implementation [2].

Core Insights - The signing ceremony for the "Guilin Huajun AI Industrial Park" project took place on November 3, marking the establishment of a strategic partnership among Junyu Group, Zhongjing City Investment Construction Group, and Chaoxun Communication [1] Group 1 - The collaboration will focus on synergistic efforts in the "computing power + new energy" sectors [1] - The partnership aims to initiate a new phase of industrial integration and development [1]

Core Points - The stock price of ChaoXun Communication increased by 2.02% on November 3, reaching 47.02 CNY per share, with a trading volume of 400 million CNY and a turnover rate of 5.52% [1] - The company has seen a year-to-date stock price increase of 23.74%, but has experienced a decline of 10.13% over the last five trading days [1] - ChaoXun Communication's main business revenue composition includes intelligent computing business (79.16%), communication technology services (16.08%), ICT business (4.44%), and others (0.32%) [1] Financial Performance - For the period from January to September 2025, ChaoXun Communication achieved a revenue of 1.778 billion CNY, representing a year-on-year growth of 79.63% [2] - The net profit attributable to the parent company for the same period was 59.8734 million CNY, showing a year-on-year increase of 135.48% [2] Shareholder Information - As of September 30, 2025, the number of shareholders of ChaoXun Communication increased by 50.46% to 38,700 [2] - The average number of circulating shares per shareholder decreased by 33.54% to 4,075 shares [2] - The company has distributed a total of 30.33 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [3]

Core Insights - A new company named Chao Xun Zhi Suan (San Ming) Technology Co., Ltd. has been established with a registered capital of 10 million yuan [2] - The company's business scope includes digital technology services, internet data services, big data services, data processing and storage support services, and artificial intelligence public data platforms [2] - The shareholders of the company include Chao Xun Communication, Guangzhou Yun Shang Hong Tu Investment Partnership (Limited Partnership), and Guangzhou Hua Hui Zhi Suan Digital Information Technology Co., Ltd. [2]

Market Overview - On October 31, the communication services sector declined by 0.99%, with ChaoXun Communication leading the drop [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Notable gainers in the communication services sector included: - Fengzhushou (301382) with a closing price of 34.88, up 3.96% on a trading volume of 117,600 shares and a turnover of 408 million yuan [1] - Yitong Century (300310) closed at 6.05, up 3.42% with a trading volume of 430,900 shares and a turnover of 258 million yuan [1] - Major decliners included: - ChaoXun Communication (603322) which closed at 46.09, down 7.99% with a trading volume of 189,400 shares [2] - Online and Offline (300959) closed at 102.88, down 6.35% with a trading volume of 73,300 shares [2] Capital Flow - The communication services sector experienced a net outflow of 561 million yuan from institutional investors, while retail investors saw a net inflow of 524 million yuan [2] - The table of capital flow indicates that: - Zhongbei Communication (603220) had a net inflow of 53.31 million yuan from institutional investors [3] - Data Port (603881) saw a net inflow of 45.70 million yuan from institutional investors [3]

Core Viewpoint - ChaoXun Communication (603322.SH) reported a decline in institutional ownership in its third-quarter report for 2025, with a total of 6 institutional investors holding 16.63 million shares, representing 10.55% of the total share capital, a decrease of 0.51 percentage points from the previous quarter [1] Institutional Investors - A total of 6 institutional investors disclosed their holdings in ChaoXun Communication, with a combined shareholding of 16.63 million shares, accounting for 10.55% of the total share capital [1] - The institutional ownership ratio decreased by 0.51 percentage points compared to the previous quarter [1] Public Funds - One public fund, E Fund CSI 2000 ETF, increased its holdings compared to the previous period, with a slight rise in ownership percentage [1] - One new public fund, GF Baifa 100 Index A, was disclosed in this period compared to the previous quarter [1] - Eleven public funds that were previously disclosed did not report again this quarter, including funds such as CSI 2000, Huaxia Zhisheng Optimal Mixed Initiation A, and others [1]

Core Viewpoint - The company, ChaoXun Communication, has released its quarterly report, ensuring the accuracy and completeness of the financial information presented, and confirming that there are no false statements or significant omissions [2][3]. Financial Data Summary - The financial statements for the third quarter are unaudited, covering the period from the beginning to the end of the quarter [3][5]. - The report includes major accounting data and financial indicators, although specific figures are not detailed in the provided text [3][5]. - The company has not identified any non-recurring gains or losses that are significant enough to warrant special mention [3][4]. Shareholder Information - There is no change in the number of shareholders or significant changes in the top ten shareholders compared to the previous period [4][5]. Other Important Information - The company has not identified any additional important information regarding its operational performance during the reporting period [5]. - The financial statements are prepared under the responsibility of the company's management, including the CEO and accounting heads, confirming their accountability for the accuracy of the financial data [6][7].

Group 1 - The core point of the article is that ChaoXun Communication (SH 603322) held its 21st meeting of the 5th board of directors on October 30, 2025, to review proposals including the revision of certain governance systems [1] - For the fiscal year 2024, ChaoXun Communication's revenue composition is as follows: Intelligent Computing accounts for 54.39%, Information Communication accounts for 44.98%, and other businesses account for 0.64% [1]