Core Viewpoint - Huatai Technology announced that its stock price experienced a cumulative decline of over 20% across three consecutive trading days from December 22 to December 24, indicating abnormal trading fluctuations as per the Shanghai Stock Exchange regulations [2] Summary by Relevant Categories Stock Performance - The stock price of Huatai Technology fell significantly, with a cumulative drop exceeding 20% over three trading days [2] Regulatory Compliance - The company’s stock price movement falls under the category of abnormal trading fluctuations according to the rules set by the Shanghai Stock Exchange [2]

四川华体照明科技股份有限公司 股票交易异常波动公告 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： 四川华体照明科技股份有限公司（以下简称"公司"）股票于 2025 年 12 月 22 日、12 月 23 日、12 月 24 日连续 3 个交易日内收盘价格跌幅偏离值累计超 过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动 情形。 经公司核实，并书面征询控股股东及实际控制人，截至本公告披露日， 确认不存在应披露而未披露的重大事项或重要信息。 一、股票交易异常波动的具体情况 | 证券代码：603679 | 证券简称：华体科技 | 公告编号：2025-070 | | --- | --- | --- | | 债券代码：113574 | 债券简称：华体转债 | | 针对公司股票异常波动，公司对有关事项进行了核查，有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 3、经自查，近期 ...

Core Viewpoint - The company announced that its stock price experienced an abnormal fluctuation, with a cumulative decline of over 20% during three consecutive trading days from December 22 to 24, 2025 [1] Summary by Relevant Sections - **Stock Price Movement** - The company's stock price fell significantly, with a cumulative drop exceeding 20% over three consecutive trading days [1] - **Verification of Information** - As of the announcement date, the company confirmed that there are no undisclosed significant matters or important information [1] - There are no corrections or supplements to previously disclosed information [1] - **Operational Environment** - There have been no significant changes in the recent operational and external environment [1] - **Insider Trading Activity** - During the period of abnormal fluctuation, the controlling shareholder, actual controller, and senior management did not buy or sell the company's stock [1] - **Investor Advisory** - The company reminded investors to pay attention to investment risks [1]

Core Viewpoint - 华体科技's stock experienced a significant decline, hitting the daily limit down with a turnover rate of 26.14% and a trading volume of 686 million yuan, indicating heightened market activity and investor concern [1] Trading Activity - The stock was listed on the Shanghai Stock Exchange due to a daily turnover rate of 25.75% and a daily decline deviation of -10.07%, with a total net sell of 39.45 million yuan from brokerage seats [1] - The top five brokerage seats accounted for a total transaction of 136 million yuan, with a buying amount of 48.48 million yuan and a selling amount of 87.93 million yuan, resulting in a net sell of 39.45 million yuan [1] - The largest buying brokerage was Guosheng Securities from Shanghai, with a purchase amount of 11.22 million yuan, while the largest selling brokerage was Guotai Junan Securities from Shanghai, with a selling amount of 26.67 million yuan [1] Fund Flow - The stock saw a net outflow of 134 million yuan from main funds, with a significant outflow of 118 million yuan from large orders and 15.70 million yuan from medium orders [1] - Over the past five days, the main funds experienced a net outflow of 234 million yuan [1] Financial Performance - For the first three quarters, 华体科技 reported a total revenue of 374 million yuan, reflecting a year-on-year growth of 29.67%, but also reported a net loss of 56.72 million yuan [1]

Core Viewpoint - Huatai Technology (603679) experienced a significant drop, hitting the daily limit down with a turnover rate of 26.14% and a trading volume of 686 million yuan, indicating strong selling pressure in the market [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange for having a daily turnover rate of 25.75% and a daily decline of 10.07%, with a total net sell of 39.45 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 136 million yuan, with buying amounting to 48.48 million yuan and selling amounting to 87.93 million yuan, resulting in a net sell of 39.45 million yuan [2] - The largest buying brokerage was Guosheng Securities from Shanghai, with a purchase amount of 11.22 million yuan, while the largest selling brokerage was Guotai Junan Securities from Shanghai, with a selling amount of 26.67 million yuan [2] Fund Flow - The stock saw a net outflow of 134 million yuan from main funds, with a significant outflow of 118 million yuan from large orders and 15.70 million yuan from medium orders [2] - Over the past five days, the main funds have seen a cumulative net outflow of 234 million yuan [2] Financial Performance - The company reported its third-quarter results, showing a total revenue of 374 million yuan for the first three quarters, representing a year-on-year growth of 29.67%, but with a net loss of 56.72 million yuan [2]

Group 1 - The optical optoelectronics sector experienced a decline of 0.42% compared to the previous trading day, with Huati Technology leading the drop [1] - On the same day, the Shanghai Composite Index closed at 3919.98, up 0.07%, while the Shenzhen Component Index closed at 13368.99, up 0.27% [1] Group 2 - In terms of capital flow, the optical optoelectronics sector saw a net outflow of 889 million yuan from main funds, while retail investors contributed a net inflow of 972 million yuan [2] - Speculative funds experienced a net outflow of approximately 83.06 million yuan [2]

| 证券代码：603679 | 证券简称：华体科技 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：113574 | 债券简称：华体转债 | | 四川华体照明科技股份有限公司 关于部分银行账户解除冻结的公告 四川华体照明科技股份有限公司（以下简称"公司"）与上海中电电子系统 科技股份有限公司就《<成都市环城生态区生态修复综合项目（南片区）、（东、 西片区）智慧绿道>设备及相关服务采购合同》及《<成都市环城生态区生态修复 综合项目（南片区）、（东、西片区）智慧绿道示范区智慧农业>系统设备及相 关服务采购合同》项下相关项目的最终验收、结算及款项支付事宜存在纠纷（纠 纷原因为未达到合同约定的结算节点），在相关诉讼案件中，公司作为被申请人， 申请人上海中电电子系统科技股份有限公司向成都市双流区人民法院申请采取 了司法保全等措施，具体详见公司于 2025 年 10 月 10 日发布的《四川华体照明 科技股份有限公司关于部分银行账户被冻结的公告》（公告编号：2025-065）。 日前，公司取得银行开具的诉讼保函，遂向双流区人民法院申请解除之前冻 结的公司基本账户和募集资金专户，具 ...

Market Overview - On December 23, A-shares experienced a slight increase with the Shanghai Composite Index rising by 0.07%, the Shenzhen Component Index by 0.27%, and the ChiNext Index by 0.41% [1] - The total trading volume in the Shanghai and Shenzhen markets approached 1.92 trillion, showing a slight increase compared to the previous day [1] - Over 1,500 stocks rose, with nearly 70 stocks hitting the daily limit, while around 3,900 stocks declined [1] Sector Performance - The Hainan Free Trade Zone concept stocks showed strong performance, with Hainan Haiyao (000566), Hainan Ruize (002596), and Hainan Development (002163) hitting the daily limit [3] - The lithium battery sector also performed well, with Tianji Co. (002759) reaching the daily limit [3] - Liquid cooling service providers saw gains in the afternoon, with Yingweike (002837) and Jitai Co. (002909) hitting the daily limit [3] - Semiconductor equipment concepts were active, with Shenghui Integration (603163) and Yaxiang Integration (603929) achieving consecutive limit-ups [3] - The non-ferrous tungsten sector was active, with Xianglu Tungsten (002842) and Zhangyuan Tungsten (002378) both hitting the daily limit [3] - The electric grid equipment sector saw a late surge, with Baobian Electric (600550) hitting the daily limit, followed by other stocks like Shun Sodium (000533) and Zhongneng Electric (300062) rising [3] New Listings - Three newly listed stocks all experienced significant gains, with N Tian Su (N天溯) and N Xi Hua (N锡华) triggering a second trading halt due to rapid price increases [3] Declining Sectors - The satellite internet sector faced declines, with stocks like Huati Technology (603679) hitting the daily limit down, and China Satellite Communications (601698) nearing the limit down [4] - The commercial aerospace sector also struggled, with Shunhao Co. (002565) and others hitting the daily limit down [4] - The tourism and hotel sector declined, with Qujiang Cultural Tourism (600706) hitting the daily limit down [4] - The education sector continued to decline, with China High-Tech (600730) hitting the daily limit down [4] - The Beidou navigation sector weakened, with Jiuzhiyang (300516) dropping over 12% [4] - Other sectors such as 3D glass, 6G concepts, and digital currency saw significant declines [4] Hong Kong Market - In the Hong Kong market, major indices turned negative, with the Hang Seng Technology Index falling by 0.8% [5] - Several tech stocks experienced sharp declines, including Horizon Robotics down nearly 5% and Kuaishou down 4% [5]

港股方面，截至发稿各大指数翻绿，恒生科技跌0.8%，多只科网股集体跳水。地平线机器人跌近5%，快手跌4%，同程旅行、京东健康、腾 讯控股、华虹半导体等集体跳水。 记者丨 江佩佩 编辑丨谢珍 12月23日， A股三大指数冲高回落，最终小幅收涨： 沪指涨0.07%，深证成指涨0.27%，创业板指涨0.41%。沪深两市成交额接近1.92万亿， | 较昨日小幅放量。 | | --- | | 个股方面，上涨股票数量超过1500只，近70只股票涨停。全市场近3900只个股下跌。 | | 海南自贸概念局部强势，海南海药、海南瑞泽、海南发展涨停。锂电池板块走强，天际股份涨停。液冷服务器午后拉升，英维克、集泰股份 涨停。半导体设备概念反复活跃，圣晖集成、亚翔集成2连板。有色·钨概念表现活跃，翔鹭钨业、章源钨业双双涨停。 | | 电网设备概念尾盘拉升，保变电气涨停，顺钠股份、中能电气、双杰电气、中国西电、特变电工跟涨。 今日上市的三只新股悉数大涨，新股N天溯、N锡华均触发二次临停。 | | 首称 | 现171 | 汽跃大 | | --- | --- | --- | | N纳百川 | 115.00 | 408.17% | | 30 ...

Market Performance - The A-share market saw mixed performance with the Shanghai Composite Index rising by 0.07% to 3919.98, the Shenzhen Component Index increasing by 0.27% to 13368.99, and the ChiNext Index up by 0.41% to 3205.01 [2] Sector Highlights - The lithium battery industry chain led the market, while stocks related to the Hainan Free Trade Zone remained active. The photolithography machine sector continued its strong performance, and energy metal stocks showed excellent results. However, sectors like commercial aerospace, consumer goods, and intelligent driving experienced adjustments [2] Notable Stocks - Several stocks in the liquid cooling server concept saw significant gains, with companies like Chuanrun Co., Yingweike, Tongfei Co., and Zhongguang Fanglei all hitting the daily limit of +20% [3] - Other notable gainers included Shenling Environment (+13.69%), Chuanrun Co. (+10.02%), and Yingweike (+10.00%) [3] Declining Stocks - The commercial aerospace sector faced declines, with stocks like Shunhao Co. and Huati Technology hitting the daily limit down, while others like Jiuzhiyang and Tianyin Machinery fell over 10% [3][4] - Notable decliners included Xingchen Technology (-13.31%), Jiuzhiyang (-12.23%), and Huati Technology (-10.01%) [4] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion, an increase of 37.9 billion compared to the previous trading day, with over 3800 stocks declining [4] Capital Flow - Main capital flows showed net inflows into sectors like batteries, basic chemicals, and precious metals, while there were net outflows from communication equipment, aerospace, and semiconductors. Specific stocks like Industrial Fulian, Duofluo, and Yingweike saw net inflows of 1.348 billion, 1.247 billion, and 996 million respectively [6][7] Institutional Insights - Guorong Securities predicts a continuation of a strong market trend into 2026 [8] - Shenwan Hongyuan emphasizes a nuanced view of trading volume, suggesting that high trading volume does not necessarily indicate a positive market trend [9] - Qianhai Bourbon Fund believes that structural fluctuations will not alter the slow bull market pattern, with expectations for expanded bull market space next year [10]