格隆汇11月24日｜A股市场CPO概念股普涨，其中，中富电路涨超13%，光库科技涨超9%，瑞斯康达涨 超6%，长芯博创、德科立涨超3%。 ...

Market Overview - As of November 21, the Shanghai Composite Index closed at 3834.89 points, down 96.16 points, a decline of 2.45% [1] - The Shenzhen Component Index closed at 12538.07 points, down 442.75 points, a decline of 3.41% [1] - The ChiNext Index closed at 2920.08 points, down 122.26 points, a decline of 4.02% [1] Trading Activity - A total of 91 A-shares had a turnover rate exceeding 20% on this day [1] - Notable stocks with high turnover rates included: - Dapeng Industrial (920091) with a turnover rate of 98.28% and a price increase of 1211.11% [1] - Jianglong Shipbuilding (300589) with a turnover rate of 55.14% and a price increase of 14.50% [1] - C Nanshan Data (301638) with a turnover rate of 52.72% and a price increase of 0.91% [1] Notable Stocks - Other significant stocks with high turnover rates included: - C Hengkun (688727) with a turnover rate of 46.22% and a price decrease of 11.47% [1] - Inspur Software (600756) with a turnover rate of 46.20% and a price increase of 6.76% [1] - ST Dongtong (300379) with a turnover rate of 44.50% and a price increase of 4.15% [1] - Additional stocks with notable performance included: - Shennong Agriculture (300189) with a turnover rate of 42.82% and a price increase of 3.67% [1] - Beifang Changlong (301357) with a turnover rate of 42.52% and a price increase of 0.68% [1]

Market Overview - The communication equipment sector rose by 0.45% on November 20, with Ruisi Kanda leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Top Gainers - Ruisi Kanda (603803) closed at 10.81, up 9.97% with a trading volume of 349,700 shares and a transaction value of 360 million yuan [1] - Shida Group (600734) closed at 4.20, up 9.95% with a trading volume of 2,955,400 shares and a transaction value of 1.217 billion yuan [1] - Dekeli (688205) closed at 109.46, up 9.53% with a trading volume of 187,400 shares and a transaction value of 1.956 billion yuan [1] Top Losers - Yongding Co., Ltd. (600105) closed at 14.50, down 8.69% with a trading volume of 2,042,700 shares and a transaction value of 3.059 billion yuan [2] - Changfei Fiber (601869) closed at 78.41, down 6.30% with a trading volume of 166,600 shares and a transaction value of 1.34 billion yuan [2] - Huiyuan Communication (000586) closed at 12.90, down 5.77% with a trading volume of 221,000 shares and a transaction value of 284 million yuan [2] Capital Flow - The communication equipment sector saw a net inflow of 281 million yuan from institutional investors, while retail investors contributed a net inflow of 295 million yuan [2] - The sector experienced a net outflow of 575 million yuan from speculative funds [2] Individual Stock Capital Flow - Tianfu Communication (300394) had a net inflow of 706 million yuan from institutional investors, while it saw a net outflow of 264 million yuan from speculative funds [3] - Ruisi Kanda (603803) experienced a net inflow of 104 million yuan from institutional investors, but a net outflow of 56.98 million yuan from speculative funds [3] - Dekeli (688205) had a net inflow of 92.046 million yuan from institutional investors, with a net outflow of 60.955 million yuan from speculative funds [3]

Group 1 - The CPO concept stocks in the A-share market experienced significant gains, with Zhongfu Circuit hitting the daily limit up of 20% [1] - Ruiskanda saw a rise of 10%, while Dekeli increased by over 9% [1] - Srey New Materials and Founder Technology both rose by over 7%, and Tianfu Communication increased by over 4% [1]

11月20日，瑞斯康达涨5.19%，截至发稿，报10.34元/股，成交1.56亿元，换手率3.79%，总市值43.93亿 元。 资料显示，瑞斯康达科技发展股份有限公司位于北京市海淀区西北旺东路10号院东区11号楼一至五层， 成立日期1999年6月8日，上市日期2017年4月20日，公司主营业务涉及为客户提供接入层网络的产品、 技术服务和综合解决方案,是国内光纤通信接入领域的领军企业。主营业务收入构成为：传输类设备 35.29%，宽带网络类设备21.25%，其他19.32%，软件产品16.42%，数通类设备7.72%。 从瑞斯康达十大流通股东角度 截至发稿，夏高累计任职时间10年353天，现任基金资产总规模24.94亿元，任职期间最佳基金回报 233.78%， 任职期间最差基金回报-71.74%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，大成基金旗下1只基金位居瑞斯康达十大流通股东。大成中证360互联网+指数A（002236） 三季度新 ...

Core Viewpoint - The A-share market shows a mixed performance with the Shanghai Composite Index at 3970.86 points, slightly down by 0.49%, while 37 A-shares have surpassed their annual lines, indicating potential investment opportunities in these stocks [1]. Group 1: Market Overview - As of 10:30 AM today, the total trading volume of A-shares reached 958.348 billion yuan [1]. - The Shanghai Composite Index is currently above its annual line, reflecting a positive market sentiment despite the slight decline [1]. Group 2: Stocks Surpassing Annual Lines - Notable stocks that have broken through their annual lines include: - Xuan Ya International (300612) with a deviation rate of 10.35% and a daily increase of 12.60% [1]. - Easy Point Technology (301171) with a deviation rate of 7.72% and a daily increase of 7.98% [1]. - Tianhe Defense (300397) with a deviation rate of 7.48% and a daily increase of 11.12% [1]. - Other stocks with smaller deviation rates that have just crossed their annual lines include: - Dongfang Guoxin (300166) with a deviation rate of 4.02% [1]. - Ruisi Kangda (603803) with a deviation rate of 3.85% [1]. Group 3: Detailed Stock Performance - The following table summarizes the performance of stocks that have surpassed their annual lines: | Stock Code | Stock Name | Daily Change (%) | Turnover Rate (%) | Annual Line (yuan) | Latest Price (yuan) | Deviation Rate (%) | | --- | --- | --- | --- | --- | --- | --- | | 300612 | Xuan Ya International | 12.60 | 22.72 | 15.47 | 17.07 | 10.35 | | 301171 | Easy Point Technology | 7.98 | 8.11 | 29.26 | 31.52 | 7.72 | | 300397 | Tianhe Defense | 11.12 | 13.63 | 12.64 | 13.59 | 7.48 | | 300166 | Dongfang Guoxin | 11.19 | 8.28 | 10.70 | 11.13 | 4.02 | | 603803 | Ruisi Kangda | 4.58 | 3.77 | 9.68 | 10.05 | 3.85 | [1]

Core Insights - The company reported a loss of 47.09 million, yet its gross margin increased significantly to 44.55%, a year-on-year growth of 14.85%, which is considered top-tier in the communication equipment sector [2][3] - Cash received from sales reached 961 million, exceeding the operating revenue of 846 million by 115 million, indicating strong cash flow management [3][4] Financial Performance Indicators - The net profit margin was -5.57%, while the gross profit margin was 44.55% [3] - The return on equity was -2.95%, reflecting the company's current financial challenges [3] Cash Flow Analysis - Cash received from sales decreased by 18.69% to 961 million, while tax refunds increased by 113.93% to 22.46 million [4] - The company reported a significant improvement in bad debt losses, which decreased by 293% to 20.29 million, indicating better customer quality and shorter collection cycles [4][8] Business Structure and Strategy - The company has a diversified business structure, with transmission equipment contributing 1.9 billion in revenue (35.29%), while software products, with a gross margin of 98.20%, contributed 36.77% to profits, indicating a shift towards software-defined hardware [7] - The company is strategically positioned in three key areas: optical networks, intelligent computing, and smart transportation, enhancing its competitive edge [9][10][11] Market Position and Future Outlook - The company is involved in significant projects, such as the global first OSE+OSU integrated technology cloud network, which enhances operational efficiency for operators [9] - The company is also collaborating with major players in the intelligent computing sector, showcasing its technological capabilities [10] Investment Perspective - The company exhibits characteristics of a "turnaround" opportunity, with improving gross margins, better cash collection, and narrowing losses [14] - The strategic positioning in high-growth sectors aligns with national strategies, suggesting potential for future growth [14]

Core Insights - The company Risconda (603803) experienced a net financing inflow of 12.9 million yuan on November 3, 2025, following a trend of continuous net buying over the past three trading days, totaling 755.68 million yuan [1][2]. Financing Activity Summary - On November 3, 2025, the financing balance reached 112 million yuan, with a net buying of 12.9 million yuan, representing 2.77% of the circulating market value [2]. - The financing balance on October 31, 2025, was also 112 million yuan, with a net buying of 792.2 thousand yuan, which was 2.84% of the circulating market value [2]. - The financing balance on October 30, 2025, was 111 million yuan, with a significant net buying of 6.6356 million yuan, accounting for 2.77% of the circulating market value [2]. - The financing balance showed fluctuations, with a decrease on October 29 and 28, 2025, indicating varying investor sentiment during that period [2]. Margin Trading Summary - The total margin trading balance on November 3, 2025, was 112 million yuan, reflecting an increase of 131.2 thousand yuan, or 0.12% from the previous day [3]. - The margin trading balance on October 31, 2025, was also 112 million yuan, with a notable increase of 779.5 thousand yuan, or 0.70% [3]. - On October 30, 2025, the margin trading balance was 111 million yuan, with a significant increase of 6.6478 million yuan, representing a 6.35% rise [3]. - The margin trading balance experienced declines on October 29 and 28, 2025, indicating a shift in market dynamics [3].

Core Viewpoint - The company has announced a change in its signing registered accountant for the 2025 fiscal year, appointing Tianzheng Accounting Firm as the auditing institution, with a new signing accountant replacing the previous one due to work arrangement adjustments [1][3]. Group 1: Change of Signing Registered Accountant - The company has approved the appointment of Tianzheng Accounting Firm as the auditing institution for the 2025 fiscal year during its board meeting and annual shareholders' meeting [1]. - The new signing registered accountants are Tianzheng's Tian Zhigang and Yang Ruolin, with Tian Zhigang replacing Xue Zhijuan due to her work arrangement changes [1][2]. Group 2: Background of New Signing Registered Accountant - Tian Zhigang has been a certified public accountant since December 2004 and has been practicing at Tianzheng since December 2019, with no violations of independence requirements or disciplinary actions in the last three years [2]. Group 3: Impact on the Company - The transition of responsibilities during the change has been orderly, and it is stated that this change will not adversely affect the company's financial statement audit for 2025 or the internal control audit for the end of 2025 [3].

关于变更签字注册会计师的公告 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个别及连带责任。 瑞斯康达科技发展股份有限公司（以下简称"公司"）分别于 2025 年 4 月 24 日、2025 年 5 月 16 日召开了第六届董事会第五次会议及公司 2024 年年度股 东会，会议审议通过了《关于续聘天健会计师事务所（特殊普通合伙）为公司 2025 年度审计机构的议案》，同意聘请天健会计师事务所（特殊普通合伙）为公 司 2025 年度审计机构。 证券代码：603803 证券简称：瑞斯康达 公告编号：2025-026 瑞斯康达科技发展股份有限公司 公司于 2025 年 11 月 3 日收到天健会计师事务所出具的《关于变更签字注册 会计师的函》，现将具体情况公告如下： 天健会计师事务所（特殊普通合伙）作为公司 2025 年度财务报表和 2025 年 末财务报告内部控制审计机构，原委派薛志娟和杨若琳作为公司 2025 年度财务 报表审计报告和 2025 年末财务报告内部控制审计报告的签字注册会计师。由于 薛志娟工作安排调整，现委派田志刚接替薛志娟 ...