Core Viewpoint - The stock of Haitan Water Group Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative price increase exceeding 20% over three consecutive trading days from November 3 to November 5, 2025 [2][3]. Group 1: Stock Trading Abnormality - The stock price on November 5, 2025, closed at 14.20 yuan per share, with a rolling price-to-earnings ratio of 24.82 and a price-to-book ratio of 2.30 [2]. - The abnormal trading situation is defined by the Shanghai Stock Exchange rules, indicating significant price deviation [3]. Group 2: Company Operations - The company confirmed that its production and operational activities are normal, with no significant changes in market environment or industry policies [4]. - There are no undisclosed major events that could affect the stock price, and prior disclosures do not require correction or supplementation [6]. Group 3: Major Events - The company is in the process of issuing convertible bonds to unspecified investors, with relevant announcements made on September 30 and November 1, 2025 [5][6]. - As of the announcement date, there are no undisclosed major events related to asset restructuring, share issuance, or other significant corporate actions [6]. Group 4: Market Sentiment - The company has not identified any media reports or market rumors that would necessitate clarification regarding the stock price fluctuations [7][8]. - The company's major shareholders and executives did not engage in stock trading during the period of abnormal price movement [8].

Core Viewpoint - Haitian Holdings announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in the closing price over three consecutive trading days from November 3 to November 5, 2025 [1] Summary by Relevant Sections - Stock Performance - The stock price of Haitian Holdings showed a cumulative increase of over 20% during the trading days of November 3, 4, and 5, 2025, indicating significant market activity [1] - Company Disclosure - Following a self-examination and inquiries with major shareholders and actual controllers, the company confirmed that there are no undisclosed significant information as of the date of the announcement [1]

证券代码：603759 证券简称：海天股份 公告编号：2025-102 海天水务集团股份公司 关于公司股票交易异常波动的公告 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法律责任。 重要内容提示： 海天水务集团股份公司（以下简称"公司"）股票于 2025 年 11 月 3 日、 4 日、5 日连续三个交易日内日收盘价格涨幅偏离值累计超过 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。其中，11 月 5 日收盘价为 14.20 元/股，最新滚动市盈率为 24.82，市净率为 2.30。 经公司自查，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信息。 生产经营风险：公司目前生产经营活动正常，市场环境、行业政策没有 发生重大调整，内部经营秩序正常。 一、股票交易异常波动的具体情况 截至本公告披露日，本次发行相关事项正在推进中。 2、经公司自查，并向公司控股股东及实际控制人书面函件核实，截至本公 告披露日，公司及公司控股股东、实际控制人均不存在其他应披露而未披露的重 大信息 ...

Core Insights - A total of 77 stocks in the Shanghai and Shenzhen markets have experienced net inflows of main funds for five consecutive days or more as of November 5, with Cambricon Technologies (寒武纪-U) leading with 50 days of continuous inflow [1] - The total net inflow of main funds for Cambricon Technologies reached 6.325 billion yuan, followed by Shanghai Pudong Development Bank with a net inflow of 777 million yuan over five days [1] - In terms of the proportion of net inflow to trading volume, *ST Baoying ranks first, with a 47.72% increase over the past eight days [1] Summary by Category Stocks with Continuous Net Inflows - Cambricon Technologies (688256) has seen net inflows for 50 days totaling 6.325 billion yuan, with a price increase of 44.33% [1] - Shanghai Pudong Development Bank (600000) recorded net inflows of 777 million yuan over five days, with a price increase of 0.42% [1] - CITIC Bank (601998) had net inflows of 439 million yuan over six days, with a price increase of 3.85% [1] Notable Performers - *ST Baoying had the highest net inflow ratio, with a significant price increase of 47.72% over the last eight days [1] - Other notable stocks include Jiangsu Bank (600919) with a net inflow of 342 million yuan and a price increase of 5.70%, and Yaxing Anchor Chain (601890) with a net inflow of 331 million yuan and a price increase of 10.16% [1] Additional Stocks with Inflows - Other stocks with notable net inflows include: - China Shenhua (601088) with 314 million yuan and a 3.42% increase [1] - Haotian Co., Ltd. (603759) with 166 million yuan and a 64.35% increase over 11 days [1] - Microelectronic Physiology (688351) with 140 million yuan and a 12.94% increase [1]

Core Insights - The environmental governance sector saw an increase of 0.81% on November 3, with Zhejiang Fu Holdings 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] Environmental Governance Sector Performance - Top gainers included: - Zhejiang Fu Holdings (002266) with a closing price of 4.52, up 9.98% and a trading volume of 1.93 million shares, totaling 873 million yuan [1] - Zhonghuan Environmental (300692) at 9.58, up 7.28% with a trading volume of 450,900 shares, totaling 434 million yuan [1] - Haitan Co., Ltd. (603759) at 11.74, up 6.73% with a trading volume of 370,700 shares, totaling 413 million yuan [1] - Other notable gainers included: - Feima International (002210) at 4.45, up 5.95% with a trading volume of 6.29 million shares, totaling 2.83 billion yuan [1] - ST New Power (300152) at 2.50, up 5.49% with a trading volume of 374,000 shares, totaling 9.19 million yuan [1] Fund Flow Analysis - The environmental governance sector experienced a net outflow of 772 million yuan from institutional investors, while retail investors saw a net inflow of 677 million yuan [2] - The top stocks by fund flow included: - Zhejiang Fu Holdings (002266) with a net inflow of 22.3 million yuan from institutional investors, but a net outflow of 114 million yuan from speculative funds [3] - Feima International (002210) with a net inflow of 10.7 million yuan from institutional investors, but a net outflow of 97.8 million yuan from speculative funds [3] - Yuan Da Environmental (600292) with a net inflow of 38.3 million yuan from institutional investors, but a net outflow of 14.9 million yuan from speculative funds [3]

Core Points - Haitian Holdings announced on October 31 that it received a notice from the Shanghai Stock Exchange regarding the acceptance of its application for issuing securities on the main board [2] - The Shanghai Stock Exchange confirmed that the application documents submitted by the company were complete and met legal requirements, thus deciding to accept and review the application [2] Summary by Category - **Company Announcement** - Haitian Holdings received a notification from the Shanghai Stock Exchange about the acceptance of its securities issuance application [2] - The application is for the main board listing and includes a fundraising prospectus and related documents [2] - **Regulatory Review** - The Shanghai Stock Exchange conducted a verification of the submitted application documents and found them to be in order [2] - The decision to accept the application indicates compliance with relevant regulations [2]

证券代码：603759 证券简称：海天股份 公告编号：2025-101 海天水务集团股份公司 海天水务集团股份公司（以下简称"公司"）于 2025 年 10 月 30 日收到上 海证券交易所（以下简称"上交所"）出具的《关于受理海天水务集团股份公司 沪市主板上市公司发行证券申请的通知》（上证上审（再融资）〔2025〕337 号）。 上交所依据相关规定对公司报送的沪市主板上市公司发行证券的募集说明书及 相关申请文件进行了核对，认为该项申请文件齐备，符合法定形式，决定予以受 理并依法进行审核。 公司本次向不特定对象发行可转换公司债券事项尚需通过上交所审核，并获 得中国证券监督管理委员会（以下简称"中国证监会"）作出同意注册的决定后 方可实施，最终能否通过上交所审核，并获得中国证监会同意注册的决定及其时 间尚存在不确定性。公司将根据该事项的进展情况，严格按照有关法律法规的规 定和要求及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 海天水务集团股份公司董事会 2025 年 11 月 1 日 1 关于向不特定对象发行可转换公司债券申请获得 上海证券交易所受理的公告 本公司董事会及全体董事保证本公告内容不 ...

Group 1 - Company Haitian Co., Ltd. reported a revenue of approximately 2.041 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 94.6% [1] - The net profit attributable to shareholders of the listed company was approximately 104 million yuan, showing a year-on-year decrease of 28.11% [1] - Basic earnings per share were 0.23 yuan, which is a year-on-year decrease of 25.81% [1] Group 2 - As of the report date, the market capitalization of Haitan Co., Ltd. is 5 billion yuan [2]

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法律责任。 一、董事会会议召开情况 （一）海天水务集团股份公司（下称"公司"）第四届董事会第三十一次会议 的召集、召开符合《公司法》等有关法律、行政法规、部门规章、规范性文件和 《公司章程》的规定。 证券代码：603759 证券简称：海天股份 公告编号：2025-100 海天水务集团股份公司 第四届董事会第三十一次会议决议公告 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露的《海天 股份：2025 年第三季度报告》。 特此公告。 海天水务集团股份公司董事会 （二）会议通知于 2025 年 10 月 28 日通过电子邮件方式送达至所有董事。 （三）本次会议于 2025 年 10 月 30 日以通讯表决的方式召开。 （五）公司董事长张霞主持本次会议，高级管理人员列席了本次会议。 二、董事会会议审议情况 审议通过了《2025 年第三季度报告》 此议案已经通过第四届董事会审计委员会第十七次会议审议通过。 表决结果：9 票同意，0 票反对，0 票弃权，0 票回避。 （四）本次 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,042,859,192.69, an increase of 218.44% compared to the same period last year[5] - The total profit for the quarter was ¥62,107,364.21, reflecting a growth of 9.35% year-on-year[5] - Net profit attributable to shareholders was ¥42,549,554.61, up by 3.21% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥40,400,068.57, an increase of 7.03% year-on-year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 2,041,177,926.45, a significant increase of 94.8% compared to CNY 1,048,923,454.64 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 120,356,411.34, a decrease of 24.8% from CNY 160,038,052.49 in the same period of 2024[21] - Earnings per share for the first three quarters of 2025 were CNY 0.23, down from CNY 0.31 in the previous year[22] Assets and Liabilities - The company's total assets increased by 35.18% to ¥8,938,774,209.84 compared to the end of the previous year[6] - Total current assets as of September 30, 2025, amount to ¥3,193,008,629.41, an increase from ¥1,807,426,579.99 in the previous year[17] - Accounts receivable increased to ¥1,509,837,797.78 from ¥980,726,379.95 year-over-year[17] - Total liabilities increased to CNY 5,838,331,536.35 in 2025 from CNY 3,631,789,095.23 in 2024, reflecting a growth of 60.7%[19] - The company's total non-current liabilities reached CNY 3,268,023,824.94 in 2025, compared to CNY 1,938,219,026.81 in 2024, marking an increase of 68.7%[19] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥306,431,514.54, a decline of 235.74% year-to-date[6] - Cash generated from operating activities in the first three quarters of 2025 was CNY 1,672,597,390.26, compared to CNY 855,603,083.23 in the same period of 2024[23] - The net cash flow from operating activities was -306,431,514.54, compared to 225,753,450.87 in the previous period, indicating a significant decline[24] - Total cash inflow from financing activities reached 3,049,040,440.90, up from 752,750,418.37, reflecting a strong increase in financing efforts[25] - The net cash flow from investing activities was -594,501,539.93, worsening from -329,827,456.10, highlighting increased investment outflows[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,417[13] - The largest shareholder, Sichuan Haitan Investment Co., Ltd., holds 267,768,008 shares, accounting for 57.99% of total shares[13] Operational Insights - The significant increase in revenue is attributed to the acquisition of the photovoltaic silver paste division from Heraeus, which boosted the new energy materials business[10] - The net profit decline of 34.99% is primarily due to reduced sewage pricing income compared to the same period last year[11] - The company is currently in a growth phase for its new energy materials segment, leading to an increase in accounts receivable and negative operating cash flow[11] - The company reported a significant increase in inventory, rising to ¥146,189,620.73 from ¥28,991,812.65 year-over-year[17] - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[14] - There are no other important reminders regarding the company's operational situation during the reporting period[15] Expenses - Total operating costs for the first three quarters of 2025 were CNY 1,912,165,924.97, up 128.9% from CNY 835,499,746.82 in the previous year[20] - Research and development expenses for the first three quarters of 2025 were CNY 54,571,965.31, significantly higher than CNY 1,692,599.31 in the same period of 2024[20] - The company reported a total of CNY 99,515,648.60 in financial expenses for the first three quarters of 2025, up from CNY 69,353,025.63 in the previous year[21] - The company paid 1,513,897,790.66 for goods and services, a substantial increase from 328,830,182.49, reflecting higher operational costs[24]