业绩经营情况 公司2025年前三季度营业收入94.43亿元，同比微降0.68%，归母净利润2.15亿元，同比增长13.80%；截 至2025年9月30日，股东户数2.78万，香港中央结算有限公司新进为第四大流通股东。分红方面，A股上 市后累计派现14.46亿元，近三年累计10.12亿元。 以上内容基于公开资料整理，不构成投资建议。 截至2026年2月6日，长城科技融资余额为1.87亿元，占流通市值的3.44%，处于近一年70%分位的高位 水平；当日融资净买入为-451.05万元，显示短期融资资金流出，但整体余额仍较高。此前的2月2日， 融资余额为1.89亿元，融资净买入-317.97万元。融资数据的变化可能反映市场情绪波动。 行业政策现状 电力设备板块近期受AI算力和绿色能源转型驱动，例如2025年12月AI电力峰会等事件曾提振电网设备 需求预期。行业政策如新能源车和光伏领域的支持措施，可能长期影响公司业务。 经济观察网长城科技（603897）近期融资余额处于近一年高位，但短期呈现净流出；公司前三季度营收 微降，净利润增长。电力设备行业受AI算力与绿色能源转型政策驱动。 资金面情况 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activities of Changcheng Technology, indicating a mixed performance in terms of stock trading and financial metrics [1][2][3] Group 2 - As of February 6, Changcheng Technology's stock price increased by 1.19%, with a trading volume of 80.03 million yuan [1] - The financing data shows that on February 6, the company had a financing buy-in amount of 5.86 million yuan and a financing repayment of 10.37 million yuan, resulting in a net financing buy of -4.51 million yuan [1] - The total financing and securities balance for Changcheng Technology reached 187 million yuan, accounting for 3.44% of its circulating market value, which is above the 70th percentile of the past year [1] - On the same day, the company had no shares repaid in securities lending but sold 500 shares, amounting to 13,200 yuan, with a securities lending balance of 52,700 yuan, exceeding the 80th percentile of the past year [1] Group 3 - As of September 30, the number of shareholders for Changcheng Technology increased to 27,800, a rise of 5.96%, while the average circulating shares per person decreased by 5.62% to 7,425 shares [2] - For the period from January to September 2025, Changcheng Technology reported an operating income of 9.443 billion yuan, a year-on-year decrease of 0.68%, while the net profit attributable to shareholders increased by 13.80% to 215 million yuan [2] Group 4 - Since its A-share listing, Changcheng Technology has distributed a total of 1.446 billion yuan in dividends, with 1.012 billion yuan distributed over the past three years [3] - As of September 30, 2025, Hong Kong Central Clearing Limited became the fourth largest circulating shareholder, holding 1.4504 million shares as a new shareholder [3]

Core Viewpoint - The A-share market has entered a phase of fluctuation and adjustment after a continuous rise at the beginning of the year, with popular sectors like commercial aerospace, gold, and silver also experiencing corrections. A balanced investment strategy across different industries is recommended to capture opportunities and mitigate risks associated with concentrated investments [1][7]. Investment Strategy - The newly issued fund, Invesco Great Wall Smart Mixed Fund (code: 026709), is managed by Guo Lin, a member of the Invesco Great Wall Technology Legion, who emphasizes a growth-oriented investment style with balanced allocations across various sectors [1][3]. - Guo Lin's investment philosophy focuses on "trends, timing, and cost," seeking to identify sub-industries with mid-term growth potential by analyzing industry policies, technological innovations, and supply-demand changes [3][9]. Portfolio Composition - In Guo Lin's managed funds, over 50% of the holdings are in growth-style stocks, primarily concentrated in TMT (Technology, Media, and Telecommunications), with additional allocations in non-ferrous metals, pharmaceuticals, military, and new consumption sectors [4][10]. - The fund has shown strong performance, with returns of 54.77% and 98.12% over the past 1 and 2 years, respectively, significantly outperforming the benchmark [10]. Market Outlook - The A-share market is currently fluctuating around the 4000-point mark, with expectations of increased trading volume and active performance in growth sectors due to a favorable liquidity environment [5][11]. - Guo Lin suggests that the first quarter is an opportune time for stock selection, as many companies will provide clearer guidance for the new year, and the market is expected to undergo differentiation after an active investment phase [12]. Fee Structure - The Invesco Great Wall Smart Mixed Fund employs a floating fee structure linked to excess returns, aligning the interests of the fund manager with those of investors and promoting a focus on sustainable long-term performance [6][12].

2月2日，长城科技涨0.97%，成交额1.64亿元。两融数据显示，当日长城科技获融资买入额618.41万 元，融资偿还936.39万元，融资净买入-317.97万元。截至2月2日，长城科技融资融券余额合计1.89亿 元。 融资方面，长城科技当日融资买入618.41万元。当前融资余额1.89亿元，占流通市值的3.51%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，长城科技2月2日融券偿还0.00股，融券卖出200.00股，按当日收盘价计算，卖出金额5222.00 元；融券余量500.00股，融券余额1.31万元，超过近一年80%分位水平，处于高位。 资料显示，浙江长城电工科技股份有限公司位于浙江省湖州练市长城大道东1号，成立日期2007年8月16 日，上市日期2018年4月10日，公司主营业务涉及电磁线的研发、生产和销售。主营业务收入构成为： 电磁线97.89%，其他(补充)2.11%。 截至9月30日，长城科技股东户数2.78万，较上期增加5.96%；人均流通股7425股，较上期减少5.62%。 2025年1月-9月，长城科技实现营业收入94.43亿元，同比减少0.68%；归母净利润2.15亿 ...

Group 1 - The company expects to incur a loss for the fiscal year 2025, from January 1 to December 31, 2025 [1] - The preliminary performance forecast has not been audited by the annual auditing firm, but the company has communicated with the auditors regarding this forecast, and there are no discrepancies [1][2] Group 2 - The company has focused on its core business strategy, optimizing its business structure and product matrix, leading to steady growth in operating revenue and an increase in gross profit year-on-year [2] - The company anticipates a significant reduction in net loss attributable to shareholders for the fiscal year 2025 [2] - Non-recurring gains and losses for the company are expected to be approximately 59.5 million to 67 million, primarily from non-current asset disposal gains and government subsidies [2] Group 3 - The financial data will be detailed in the company's 2025 annual report, and the company emphasizes the importance of rational investment [3] - The company has designated specific media outlets for information disclosure, including "China Securities Journal," "Securities Times," "Shanghai Securities Journal," and the website www.cninfo.com.cn [3]

Group 1 - The company expects to incur a loss for the fiscal year 2025, which spans from January 1, 2025, to December 31, 2025 [2][3] - The preliminary performance forecast has not been audited by the annual auditing firm, but the company has communicated with the auditors regarding the forecast, and there are no discrepancies [3] - The company aims to optimize its business structure and product matrix, leading to steady growth in operating revenue and an increase in gross profit year-on-year, while also improving resource efficiency and asset structure [4] Group 2 - The company anticipates a significant reduction in net loss attributable to shareholders for the fiscal year 2025, driven by strategic focus and market opportunities [4] - Non-recurring gains and losses for the year are expected to be approximately between 595 million to 670 million yuan, primarily from non-current asset disposal gains and government subsidies [4] - The specific financial data will be disclosed in detail in the company's 2025 annual report [5]

Core Viewpoint - China Great Wall Technology Group Co., Ltd. has successfully returned 1.8 billion RMB of temporarily used idle raised funds to its designated account, ensuring that the investment projects remain unaffected [1][2]. Group 1 - The company held meetings on January 13, 2025, where it approved the use of up to 1.8 billion RMB of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months [1]. - As of January 8, 2026, the company has fully returned the 1.8 billion RMB to the raised funds account and notified the sponsor, CITIC Securities Co., Ltd. [1][2]. - During the period of using the idle funds, the company managed the funds reasonably, ensuring that the normal progress of the investment plan was not affected and that there was no change in the purpose of the raised funds [2].

Core Viewpoint - The announcement details the resignation of Mr. Niu Ming, the Senior Vice President of China Great Wall Technology Group Co., Ltd., due to work changes, and confirms that his departure will not disrupt the company's operations [1][2]. Group 1 - Mr. Niu Ming submitted his resignation letter to the board, which will take effect upon delivery [1]. - He holds 60,000 shares of the company and will comply with relevant regulations regarding shareholding changes after his resignation [1]. - The company expresses gratitude for Mr. Niu Ming's contributions during his tenure [2]. Group 2 - The announcement is officially made by the board of directors of China Great Wall Technology Group Co., Ltd. [3].

Group 1 - The core viewpoint of the article is the summary of the 2025 Annual Third Extraordinary General Meeting of the company, highlighting the voting results and attendance [2][9][12] Group 2 - The meeting was held on December 22, 2025, with both on-site and online voting options available [3][4] - A total of 2,606 shareholders and their proxies attended the meeting, representing 42.1093% of the total voting shares [6] - The meeting's agenda included the reappointment of Da Xin as the company's auditor for 2025, which was approved with 99.6812% of the votes [9][11] - Zhang Fan was elected as an independent director of the eighth board, receiving 99.7045% approval from the voting shareholders [12][13] Group 3 - The meeting complied with relevant laws and regulations, including the Company Law and the Articles of Association [5][14] - Legal opinions confirmed the legitimacy of the meeting's procedures and voting results [14]

Core Viewpoint - The board of directors of China Great Wall Technology Group Co., Ltd. held its 25th meeting of the 8th session on December 5, 2025, where several key resolutions were passed, including the acquisition of foreign equity in Wuhan Changguang Power Co., Ltd. and the nomination of an independent director candidate [1][10]. Group 1: Board Resolutions - The board approved the acquisition of foreign equity in Wuhan Changguang Power Co., Ltd. by Wuhan Zhongyuan Electronics Group Co., Ltd., which does not constitute a related party transaction [1]. - The board agreed to amend the "Audit Committee Work Regulations" [3]. - The board approved the revision of the "Related Party Transaction Management System" [6]. - The board nominated Mr. Zhang Fan as an independent director candidate for the 8th board, pending approval from the shareholders' meeting and regulatory review [9][10]. - The board proposed to convene the third extraordinary shareholders' meeting for 2025, which was also approved [11]. Group 2: Shareholders' Meeting Details - The third extraordinary shareholders' meeting for 2025 is scheduled for December 22, 2025, at 14:45, with both on-site and online voting options available [16][17]. - The registration date for shareholders to attend the meeting is December 16, 2025 [18]. - Shareholders can participate in the meeting either in person or through a proxy, and specific registration procedures are outlined [23].