证券日报网讯 12月11日，长龄液压在互动平台回答投资者提问时表示，截至2025年12月10日收盘，长 龄液压股东人数为7692户。 （文章来源：证券日报） ...

证券时报·数据宝统计，截至发稿，长龄液压收盘价为66.39元，下跌1.48%，本期筹码集中以来股价累 计下跌8.30%。具体到各交易日，5次上涨，4次下跌。 长龄液压12月11日披露，截至12月10日公司股东户数为7692户，较上期（11月30日）减少1067户，环比 降幅为12.18%。 （文章来源：证券时报网） 公司发布的三季报数据显示，前三季公司共实现营业收入7.50亿元，同比增长10.50%，实现净利润1.10 亿元，同比增长20.51%，基本每股收益为0.7700元，加权平均净资产收益率5.19%。（数据宝） ...

江苏长龄液压股份有限公司 关于要约收购事项的进展公告 证券代码：605389 证券简称：长龄液压 公告编号：2025-052 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： 截至本公告披露之日，本次要约收购事项尚在推进过程中，收购人无锡 核芯破浪科技合伙企业（有限合伙）（以下简称"核芯破浪"）何时发布要约收 购报告书全文的时间尚未最终确定。请投资者注意投资风险。 江苏长龄液压股份有限公司（以下简称"公司"）于 2025 年 12 月 10 日收 到核芯破浪发来的《关于要约收购江苏长龄液压股份有限公司进展情况的函》， 现将函件内容公告如下： "2025 年 7 月 10 日，无锡核芯破浪科技合伙企业（有限合伙）（以下简称 "核芯破浪"）向江苏长龄液压股份有限公司（以下简称"上市公司"、"长龄 液压"）发出《江苏长龄液压股份有限公司要约收购报告书摘要》（以下简称"《要 约收购报告书摘要》"）。核芯破浪拟按照《上市公司收购管理办法》的相关规 定向除无锡核芯听涛科技合伙企业（有限合伙）（现已更名为"无锡核芯听涛科 技合 ...

Group 1 - The stock price of Changling Hydraulic reached a historical high, increasing by 7.95% to 73.43 yuan, with a trading volume of 1.8126 million shares and a transaction value of 129 million yuan [1][1][1] - The total market capitalization of the company in A-shares is 10.58 billion yuan, while the circulating market capitalization is 10.006 billion yuan [1][1][1] - As of November 20, the number of shareholders increased to 8,204, reflecting a 0.72% growth compared to the previous period [1][1][1] Group 2 - In the third quarter report, the company achieved an operating income of 750 million yuan, representing a year-on-year growth of 10.50%, and a net profit of 110 million yuan, with a year-on-year increase of 20.51% [1][1][1] - The basic earnings per share are reported at 0.7700 yuan, and the weighted average return on equity is 5.19% [1][1][1] Group 3 - The mechanical equipment industry, to which the company belongs, has an overall increase of 0.49%, with 389 stocks rising and 4 stocks hitting the daily limit [1][1][1] - Among the stocks that declined, the largest drop was seen in Lvdiao Feng, with a decrease of 8.65% [1][1][1]

（文章来源：每日经济新闻） 每经AI快讯，11月28日，长龄液压涨6.51%，报72.45元/股，股价再创新高，总市值突破104.39亿元，成 交额达7223.49万元。 ...

Core Insights - The engineering machinery sector experienced a slight increase of 0.08% on November 27, with N Nant leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Engineering Machinery Sector Performance - N Nant saw a significant rise in its closing price to 24.51, with a remarkable increase of 183.03% and a trading volume of 525,200 shares, resulting in a transaction value of approximately 1.396 billion yuan [1] - Other notable performers included Hengli Hydraulic, which increased by 10.00% to a closing price of 101.38, with a trading volume of 322,700 shares and a transaction value of about 3.172 billion yuan [1] - The overall trading activity in the engineering machinery sector showed mixed results, with some stocks experiencing declines [2] Capital Flow Analysis - The engineering machinery sector saw a net outflow of 263 million yuan from institutional investors and a net outflow of 107 million yuan from speculative funds, while retail investors contributed a net inflow of 370 million yuan [2] - Specific stocks like Hengli Hydraulic and N Nant had varying capital flows, with Hengli Hydraulic experiencing a net inflow of approximately 56.73 million yuan from institutional investors [3] - The overall sentiment in the sector indicates a cautious approach from institutional and speculative investors, contrasted by retail investor confidence [2][3]

Market Overview - On November 27, the A-share market experienced a pullback after an initial rise, with the Sci-Tech 50 and ChiNext indices both retreating over 2% from their gains. The Shanghai Composite Index rose by 0.29%, while the Shenzhen Component Index and ChiNext Index fell by 0.25% and 0.44%, respectively [3][4]. Sector Performance - The organic silicon, solid-state battery, consumer electronics, paper, and photovoltaic equipment sectors saw significant gains, while sectors such as Hainan Free Trade Zone, film and television, cultivated diamonds, China Shipbuilding, and internet e-commerce faced declines [3][4]. Key Stocks - Organic silicon stocks performed strongly, with companies like Hongbai New Materials and Chenguang New Materials hitting the daily limit, and Huasheng Lithium and Jinyinhai rising over 10% [5]. - Solid-state battery stocks also surged, with multiple companies including Mingguan New Materials and Liande Equipment reaching the daily limit [6][7]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets was 1.71 trillion yuan, a decrease of 736 billion yuan compared to the previous trading day, with nearly 2,800 stocks rising across the market [7]. Capital Flow - Main capital inflows were observed in the consumer electronics, printing and dyeing, and battery sectors, while there were outflows from cultural media, telecommunications, and computing sectors. Notable inflows included ZTE Communications, Chip Original, and Furi Electronics, while Zhongji Xuchuang, Hudian Co., and CATL faced significant sell-offs [10]. Institutional Insights - According to Debang Securities, market volume will determine the height of the market trend, suggesting a continued rotation between technology and consumer sectors. Hengsheng Qianhai Fund noted that the A-share market remains in a strong tug-of-war between bulls and bears, with future fluctuations expected. Dongwu Securities highlighted the robust demand for computing power in the AI narrative, indicating that the market for computing infrastructure is still in a phase of rapid expansion [11][12].

Market Overview - The engineering machinery sector increased by 0.26% on November 25, with Helen Zhe leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Individual Stock Performance - Helen Zhe (300201) closed at 6.36, up 6.00% with a trading volume of 1.5095 million shares and a turnover of 944 million yuan [1] - Jin Dao Technology (301279) closed at 28.89, up 5.13% with a trading volume of 27,900 shares and a turnover of 797.584 million yuan [1] - Xia Gong Co. (600815) closed at 3.74, up 3.31% with a trading volume of 1.382 million shares and a turnover of 511 million yuan [1] - Changling Hydraulic (605389) closed at 67.01, up 3.20% with a trading volume of 20,900 shares and a turnover of 140 million yuan [1] - Aidi Precision (603638) closed at 19.90, up 3.11% with a trading volume of 137,300 shares and a turnover of 274 million yuan [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 23.2778 million yuan from institutional investors and 12.6804 million yuan from speculative funds, while retail investors saw a net inflow of 35.9582 million yuan [2] - The top net inflows from institutional investors included Zhonglian Cheke (000157) with 38.2059 million yuan and Helen Zhe (300201) with 36.83 million yuan [3] - The largest net outflows from retail investors were seen in Zhonglian Cheke (000157) with -50.0579 million yuan and Helen Zhe (300201) with -25.7235 million yuan [3]

Core Insights - The engineering machinery sector experienced a rise of 0.81% on November 20, with construction machinery 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] Engineering Machinery Sector Performance - Key stocks in the engineering machinery sector showed varied performance, with notable gainers including: - Construction Machinery (600984) at 4.26, up 4.41% with a trading volume of 737,900 shares and a turnover of 312 million yuan [1] - Changling Hydraulic (605389) at 70.15, up 3.01% with a trading volume of 33,700 shares [1] - Hengli Hydraulic (601100) at 89.74, up 2.56% with a trading volume of 72,200 shares [1] - Other stocks such as Xugong Machinery (000425) and Liugong (000528) also saw modest increases of 1.28% and 1.10% respectively [1] Capital Flow Analysis - The engineering machinery sector saw a net outflow of 36.05 million yuan from institutional investors, while retail investors experienced a net outflow of 44.80 million yuan [2] - Conversely, speculative funds recorded a net inflow of 80.85 million yuan [2] Individual Stock Capital Flow - Notable capital flows for specific stocks included: - Yichang Heavy Industry (600031) with a net inflow of 76.39 million yuan from institutional investors [3] - Hailun Zhe (300201) with a net inflow of 29.80 million yuan from institutional investors [3] - Construction Machinery (600984) had a net inflow of 15.71 million yuan from institutional investors [3]

Core Viewpoint - The recent ownership change of Changling Hydraulic has progressed, with the completion of the share transfer process, leading to a new control structure involving significant players in the semiconductor industry and state-owned enterprises [1][3][6]. Group 1: Ownership Change Details - On November 15, Changling Hydraulic announced the completion of the share transfer, with Hu Kangqiao and state-owned enterprises acquiring a combined 41.99% stake [1][3]. - The total transaction amount for the ownership change is approximately 20.88 billion yuan, with Hu Kangqiao's group contributing around 14.68 billion yuan for 29.99% of the shares [2][5][6]. - Following the transaction, the actual controllers of the company will include the Jiangyin High-tech Zone State-owned Assets Office, Hu Kangqiao, and Xu Lantao [2][6]. Group 2: Background of New Controllers - Hu Kangqiao, the new key figure, has a strong background in semiconductor design, having founded Corelink Interconnect and raised over 600 million yuan in funding from top investment firms [2][8][9]. - Corelink Interconnect specializes in mixed-signal chip design and has been recognized as a national-level "little giant" enterprise, indicating its significant role in the semiconductor industry [9][10]. Group 3: Financial Performance of Changling Hydraulic - Changling Hydraulic has faced declining financial performance since its IPO in 2021, with revenue fluctuating between 806 million yuan and 907 million yuan and net profit decreasing from 202 million yuan to 95 million yuan [12][13]. - Despite the financial struggles, the company has maintained a high dividend payout ratio, distributing 94 million yuan and 61 million yuan in cash dividends for 2024 and 2025, respectively [14].