科森科技公告，董事TAN CHAI HAU先生计划在3个月内通过集中竞价交易方式减持不超过34.12万股， 占公司总股本的0.0615%。目前，TAN CHAI HAU先生持有公司无限售条件流通股136.5万股，占公司总 股本的0.25%。减持股份来源为股权激励，原因是自身资金需求。减持期间为2025年9月22日至2025年 12月21日。减持计划符合相关法律法规，存在减持时间、价格、数量等不确定性。此次减持不会导致公 司控制权发生变更。 ...

Group 1 - The core viewpoint of the news highlights a significant decline in high-profile stocks during the afternoon trading session on August 29, with several companies hitting their daily limit down [1] - Companies such as Chunzhong Technology and Helitai experienced a limit down, indicating a severe drop in stock prices [1] - Other companies like Huasheng Tiancai, Dayuan Pump Industry, and Wantong Development also reached their limit down, reflecting a broader market downturn [1] Group 2 - The stocks of Chuanrun Co., Kesen Technology, Nengke Technology, and Kede Education showed notable declines, contributing to the overall negative sentiment in the market [1]

Group 1 - A total of 180 stocks in the Shanghai and Shenzhen markets have received net financing inflows for five consecutive days or more as of August 28 [1] - Qilu Bank has the longest streak, with net inflows for 16 consecutive trading days [1] - Other notable stocks with significant net financing inflows include China Steel International, Kosen Technology, Chengdi Xiangjiang, Meishuo Technology, Sinan Navigation, Zhejiang Construction Investment, Huagong Technology, and Wuhan Fangu [1]

Group 1 - The stock of Kosen Technology (603626) increased by 9.24% with a turnover rate of 34.89% and a trading volume of 3.273 billion yuan, showing a fluctuation of 11.84% [2] - The stock was listed on the Shanghai Stock Exchange's daily trading information due to its turnover rate, with a net selling amount of 69.6713 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 494 million yuan, with a buying amount of 212 million yuan and a selling amount of 282 million yuan, resulting in a net selling of 69.6713 million yuan [2] Group 2 - In the past six months, the stock has appeared on the daily trading list seven times, with an average price increase of 5.82% the day after being listed and an average increase of 18.70% in the following five days [3] - The stock experienced a net inflow of 5.5062 million yuan in main funds today, with a net outflow of 56.4930 million yuan from large orders and a net inflow of 61.9992 million yuan from major orders, totaling a net inflow of 222 million yuan over the past five days [3] - The company's semi-annual report released on August 27 showed that it achieved an operating income of 1.582 billion yuan in the first half of the year, a year-on-year decrease of 9.13%, and a net profit of -105 million yuan [3]

Core Viewpoint - Kosen Technology (603626) reported a decline in total revenue for the first half of 2025, with a total revenue of 1.582 billion yuan, down 9.13% year-on-year, while the net profit attributable to shareholders improved by 34.51% to -105 million yuan [1] Financial Performance Summary - Total revenue for the first half of 2025 was 1.582 billion yuan, a decrease of 9.13% compared to 1.741 billion yuan in 2024 [1] - The net profit attributable to shareholders was -105 million yuan, an improvement of 34.51% from -161 million yuan in 2024 [1] - Gross margin increased by 43.57% to 7.66%, while net margin improved by 27.93% to -6.65% [1] - Total expenses (selling, administrative, and financial) amounted to 169 million yuan, accounting for 10.68% of revenue, an increase of 17.49% year-on-year [1] - Earnings per share improved by 34.3% to -0.19 yuan, while operating cash flow per share decreased by 36.01% to 0.11 yuan [1] Significant Changes in Financial Items - Accounts receivable decreased by 12.25% to 1.179 billion yuan [1] - Cash and cash equivalents decreased by 19.79% to 323 million yuan [1] - Other receivables increased significantly by 762.15%, attributed to government asset recovery compensation [4] - Contract liabilities increased by 50.35%, due to an increase in advance payments [6] - Tax payable increased by 279.03%, linked to increased government asset recovery taxes [7] - Other current liabilities decreased by 55.6%, due to a reduction in low-rated bank notes [9] - Net cash flow from operating activities decreased by 36.01%, attributed to increased payment for goods [10] Business Evaluation - The company's historical return on invested capital (ROIC) has been relatively low, with a median ROIC of 11.83% since its listing, and a particularly poor ROIC of -10.84% in 2024 [10] - The company has reported losses in four out of seven annual reports since its listing, indicating a generally poor investment outlook [10] Financial Health Indicators - The cash flow situation is concerning, with cash and cash equivalents covering only 24.9% of current liabilities [11] - The debt situation is also a concern, with interest-bearing debt to asset ratio reaching 28.33% [11]

Core Viewpoint - The company, Kosen Technology, has clarified that it is not currently involved in supplying components for Apple's foldable phone, despite market speculation [1] Group 1 - Kosen Technology has stated that it will continue to invest in research and development for products in this category [1] - The company has successfully delivered some components for other consumer electronics products [1]

Group 1 - The stock of Kosen Technology (603626) increased by 3.33% today, with a turnover rate of 31.24% and a trading volume of 2.724 billion yuan, showing a fluctuation of 8.96% [2] - The stock was listed on the Shanghai Stock Exchange's daily trading report due to its turnover rate, with a net selling amount of 112 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 619 million yuan, with a buying amount of 253 million yuan and a selling amount of 366 million yuan, resulting in a net selling of 112 million yuan [2] Group 2 - In the past six months, the stock has appeared on the trading report six times, with an average price increase of 5.13% the day after being listed and an average increase of 14.85% in the following five days [3] - The stock saw a net inflow of 98.9687 million yuan in main funds today, including a net inflow of 31.4514 million yuan from large orders and 67.5172 million yuan from major funds, with a total net inflow of 470 million yuan over the past five days [3] - The company's semi-annual report released on August 27 showed that it achieved a revenue of 1.582 billion yuan in the first half of the year, a year-on-year decrease of 9.13%, and a net profit of -105 million yuan [3]

Group 1 - The article highlights that as of August 27, a total of 50 stocks on the Shanghai and Shenzhen exchanges have experienced net inflows of main funds for five consecutive days or more [1] - Among these, Yindu Co. has seen the longest streak with 11 consecutive days of net inflow, ranking first [1] - The stock with the highest total net inflow amount is Cambricon Technologies, which has accumulated a net inflow of 1.336 billion over six days [1] Group 2 - The article provides a detailed ranking of stocks based on the number of consecutive days of net inflow, with Cambricon Technologies leading at 6 days and 1.336 billion net inflow [1] - Other notable stocks include Kosen Technology with 9 days and 0.931 billion net inflow, and Kehua Data with 5 days and 0.626 billion net inflow [1] - The article also mentions the proportion of net inflow to trading volume, with Weili ranking first at a net inflow ratio of 12.44% over five days [1][2]

Group 1 - The core viewpoint of the news is the announcement of the 2025 second extraordinary general meeting of shareholders by Kersen Technology Co., Ltd., scheduled for September 11, 2025, to discuss various resolutions [15][10]. - The board of directors confirmed that the content of the announcement is truthful, accurate, and complete, and they bear legal responsibility for it [2][14]. - The meeting will adopt a combination of on-site and online voting methods, with specific voting times outlined for both platforms [17][15]. Group 2 - The board meeting that approved the half-year report and other resolutions was held on August 26, 2025, with all six directors present [3][4]. - The board approved the nomination of Jiang Hai as a non-independent director candidate, pending shareholder approval [8]. - The meeting's resolutions were deemed legally valid and compliant with relevant laws and regulations [5][6]. Group 3 - The notice for the extraordinary general meeting was communicated to all shareholders, and the meeting will take place at the company's administrative building in Kunshan [15][26]. - Shareholders must register to attend the meeting, either in person or via email, with specific documentation required for both corporate and individual shareholders [25][26]. - The company will cover no expenses for transportation or accommodation for attendees [27].

Financial Performance - Kosen Technology (603626.SH) reported a revenue of 1.582 billion yuan for the first half of 2025, a year-on-year decline of 9.13%, with a net loss of 105 million yuan [1][3] - The company has experienced continuous losses for eight consecutive quarters, with a net loss of 12 million yuan in the second quarter alone [1] - The net profit attributable to the parent company for the first quarter of 2023, 2024, and 2025 has been negative, with a projected net loss of 477 million yuan for the full year of 2024 despite a revenue increase of 30.26% [3] Long-term Trends - Kosen Technology's net profit attributable to the parent company has shown a declining trend from 369 million yuan in 2021 to a projected loss of 477 million yuan in 2024, indicating an accelerated loss [3] - The company attributed its ongoing losses to new products being in the ramp-up phase and higher-than-expected R&D expenses, which accounted for approximately 6.2% of revenue in the first half of 2025 [3] Market Activity - Despite the poor financial performance, Kosen Technology's stock price surged by 81.18% from August 15 to 26, 2023, closing at 15.6 yuan per share, creating a stark contrast with its financial results [1][4] - The stock has previously experienced a 10-day consecutive rise due to speculation around the "foldable screen" concept, with a peak increase of 185%, although the company clarified that its related business had not generated revenue [3][4] Investor Behavior - As of August 26, 2023, Kosen Technology's dynamic price-to-earnings ratio was negative, contrasting sharply with the average P/E ratio of 41.44% in the consumer electronics sector [4] - The trading volume on August 26 showed a turnover rate of 31.2%, with a net sell-off of 135 million yuan, indicating significant trading activity and interest from known speculative investors [4][5]