Core Viewpoint - The company, Guosheng Technology, has experienced unusual stock trading fluctuations, with a cumulative increase of over 20% during three consecutive trading days from November 10 to 12, 2025, despite facing significant operational challenges in its financial performance [1] Financial Performance - For the first three quarters of 2025, the company's net profit attributable to shareholders was -151.05 million yuan, and the net profit after deducting non-recurring gains and losses was -151.71 million yuan [1] - The company's current price-to-book ratio stands at 5.77, which is significantly higher than the industry average of 3.35 for the electrical machinery and equipment manufacturing sector [1] Market Behavior - The stock price has been closing at the daily limit up price during the specified trading days, indicating strong market interest despite the underlying financial difficulties [1] - The company has issued a reminder to investors to be cautious regarding performance risks and to make prudent investment decisions [1]

Group 1 - Guosheng Technology (SH 603778) announced that Guosheng Energy holds 108,295,827 shares, accounting for 16.49% of the total shares [1] - Guosheng Energy pledged 46,500,000 shares, which is 42.94% of its holdings, bringing the total pledged shares to 61,500,000, or 56.79% of its holdings [1] - For the first half of 2025, Guosheng Technology's revenue composition shows that the photovoltaic industry accounts for 100.31%, while the landscaping ecological business accounts for -0.31% [1] Group 2 - As of the report, Guosheng Technology has a market capitalization of 4.6 billion yuan [2]

Core Viewpoint - The company has experienced significant stock price volatility, with a cumulative increase of over 20% in closing prices over two consecutive trading days, followed by a limit-up closing on the third day [1] Financial Performance - For the first three quarters of 2025, the company reported a net loss of 151.05 million yuan and a non-recurring net loss of 151.71 million yuan [1] Corporate Actions - The company's subsidiary plans to increase its capital by 230 million yuan for Tieling Global [1] Market Position - The company's price-to-book ratio is higher than the industry average, indicating potential overvaluation [1] Shareholder Information - The controlling shareholder has pledged 9.37% of the total share capital, which may raise concerns regarding financial stability [1]

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Core Viewpoint - The announcement details the pledge of shares by the controlling shareholder, Guosheng Energy, which holds 16.49% of Guosheng Technology's total shares, with 15,000,000 shares pledged, accounting for 13.85% of its holdings [2][3]. Summary by Sections Share Pledge Situation - Guosheng Technology received notification on November 11, 2025, regarding the pledge of shares by its controlling shareholder, Guosheng Energy [3]. - The pledge date is based on the maturity date of the main debt and can be terminated early [3]. Other Information - The pledged shares are not used as collateral for major asset restructuring or performance compensation [4]. - As of the announcement date, Guosheng Energy's cumulative pledged shares are detailed, but specific numbers are not provided in the text [5]. Stock Trading Abnormal Fluctuation - Guosheng Technology's stock experienced a cumulative price deviation exceeding 20% over two consecutive trading days on November 10 and 11, 2025, indicating abnormal trading activity [9][10]. - The company's current price-to-book ratio is 5.24, which is higher than the industry average of 3.35 [9][16]. Company Operational Status - The company confirmed that its production and operational activities are normal, with no significant changes in market conditions or industry policies [11]. - There are no undisclosed major events or information that could impact the company's stock price [14][19]. External Investment Matters - The company disclosed an investment of 23 million yuan in a subsidiary, aiming to develop an AI smart manufacturing project for solid-state battery production [12]. - The investment carries risks, including project implementation delays and potential failure to achieve expected economic benefits [18].

每经AI快讯，11月11日，国晟科技（603778）(603778.SH)公告称，公司股票于2025年11月10日、11日 连续两个交易日内收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情况。公司生产经营正 常，无应披露而未披露的重大事项。 ...

证券代码：603778 证券简称：国晟科技 公告编号：临 2025-051 国晟世安科技股份有限公司 经公司自查，并向公司控股股东及实际控制人书面问询核实，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 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法律责任。 重要风险提示： 国晟世安科技股份有限公司（以下简称"公司"）股票于2025年11月10日、 2025年11月11日连续两个交易日内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况。 公司所属电气机械和器材制造业最新市净率为3.35，公司市净率为5.24， 公司2025年前三季度归属于上市公司股东的净利润-15,104.74万元，归属于上市 公司股东的扣除非经常性损益的净利润-15,171.09万元。 公司于2025年10月15日披露了《关于对外投资暨关联交易的公告》，本次 对外投资事项将使公司承担一定的流动性风险，投资标的国晟环球新能源（铁岭） 有限公司 ...

证券代码：603778 证券简称：国晟科技 公告编号：临 2025-050 国晟世安科技股份有限公司 关于控股股东部分股份质押的公告 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。 2、本次质押股份不涉及用作重大资产重组业绩补偿等事项的担保或其他保 障用途的情况。 1 3、截至公告披露日，国晟能源累计质押股份情况如下： 单位：股 重要内容提示： 国晟能源股份有限公司（以下简称"国晟能源"）持有本公司股份 108,295,827 股，占公司股份总数的 16.49%。本次质押后，累计质押股份数量为 15,000,000 股，占其持股数量的比例为 13.85%。 一、本次股份质押情况 国晟世安科技股份有限公司（以下简称"公司"或"本公司"）于 2025 年 11 月 11 日接到控股股东国晟能源通知，获悉其所持有本公司的部分股份被质押， 具体情况如下： | | | | 是 | 是 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

Core Insights - The infrastructure sector saw a slight increase of 0.24% on November 11, with Guosheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Infrastructure Sector Performance - Guosheng Technology (603778) closed at 6.39, up 9.98% with a trading volume of 111,200 shares and a transaction value of 71.08 million [1] - China Nuclear Engineering (601611) closed at 13.94, up 6.98% with a trading volume of 2.24 million shares and a transaction value of 3.048 billion [1] - Garden Holdings (605303) closed at 20.22, up 4.71% with a trading volume of 128,000 shares and a transaction value of 261 million [1] - Dongzhu Ecology (6553209) closed at 8.81, up 3.28% with a trading volume of 335,100 shares and a transaction value of 294 million [1] - Other notable performers include Dongfang Landscape (002310) up 3.17% and ST Jiaotou (002200) up 3.02% [1] Capital Flow Analysis - The infrastructure sector experienced a net inflow of 156 million from institutional investors, while retail investors saw a net inflow of 42.43 million [2] - However, speculative funds recorded a net outflow of 199 million [2] Individual Stock Capital Flow - China Nuclear Engineering (601611) had a net inflow of 472 million from institutional investors, representing 15.48% of its trading volume [3] - Garden Holdings (605303) saw a net inflow of 21.17 million from institutional investors, but a net outflow of 12.26 million from speculative funds [3] - Dongzhu Ecology (603359) had a net inflow of 20.10 million from institutional investors, with a net outflow of 4.55 million from speculative funds [3]

Market Overview - The market experienced fluctuations with the Shenzhen Component Index and ChiNext Index both declining over 1% while the superhard materials sector surged, with stocks like Sifangda and Huanghe Xuanfeng hitting the daily limit [1] - The photovoltaic sector showed strength, with companies like Zhonglai Co. and GCL-Poly Energy also reaching the daily limit [1] - The consumer sector saw gains in the afternoon, with stocks such as Huanlejia and Sanyuan Co. hitting the daily limit [1] - The storage chip sector faced adjustments, with companies like Xiangnong Xinchuan dropping nearly 10% [1] - The total trading volume for the day was 2.01 trillion [1] Hot Topics Cultivated Diamonds - Cultivated diamonds saw a significant rise, with stocks like Huanghe Xuanfeng, Sifangda, and Hengsheng Energy hitting the daily limit [3] - The demand for diamond micro-drills, which utilize diamond tips for precision drilling in various materials, is increasing due to their application in high-power and high-frequency electronic devices [3] - According to estimates, the diamond cooling market is projected to grow from $0.5 billion in 2025 to $152.4 billion by 2030, with a compound annual growth rate of 214% [4] Photovoltaic Sector - The photovoltaic sector experienced a notable increase, with companies like Jincheng Co. and Guosheng Technology hitting the daily limit [5] - A recent guideline from the National Development and Reform Commission and the National Energy Administration emphasizes the promotion of advanced and efficient new energy storage technologies, aiming to meet the demand for 200 million kilowatts of new energy consumption annually by 2030 [5] - The "anti-involution" policies in the photovoltaic sector are focused on controlling prices and production volumes, leading to price increases across the supply chain since July [8][9] Consumer Sector - The consumer sector remained active, with companies like Dongbai Group and Zhejiang Dongri achieving consecutive daily limits [9] - The October CPI data indicated a year-on-year decrease of 2.9% in food prices, suggesting a gradual recovery in the restaurant chain sector [10] - The dairy product market is expected to see a stable recovery in demand, with supply gradually improving [11]