New Stock Listings - New stock "Aomeisen" (920080) listed at an issue price of 8.25 on October 10, 2025[1] - "Shangwei New Materials" (688585) has a tender offer period from September 29 to October 28, 2025[1] Delisting and Trading Alerts - "Zitian Tui" (300280) is in the delisting arrangement period with only 1 trading day remaining[1] - "Pinming Technology" (688109) is experiencing severe abnormal fluctuations[1] Market Updates - Multiple companies including "Kesi Technology" (688788) and "Bory Medical" (688166) have recent announcements related to trading activities[1] - "Ganfeng Lithium" (002460) and "Luoyang Molybdenum" (603993) have also made recent disclosures[1] Additional Information - A total of 30 companies have been highlighted for various trading activities and announcements on October 10, 2025[1] - Links to detailed announcements for each company are provided for further insights[1]

Core Viewpoint - The announcement details a partial tender offer by Wuxi Core Breakwave Technology Partnership (Limited Partnership) to acquire 17.2904 million shares of Changling Hydraulic, representing 12.00% of the company's total shares, at an adjusted price of 35.82 yuan per share due to a recent dividend distribution [1] Group 1 - Wuxi Core Breakwave intends to make a tender offer to all shareholders except for Wuxi Core Tsingtao Technology Partnership (Limited Partnership) and Jiangyin Chenglian Shuangying Investment Partnership (Limited Partnership) [1] - The initial tender offer price was set at 36.24 yuan per share but was adjusted to 35.82 yuan per share following the company's 2025 semi-annual equity distribution [1] - The partnership will provide updates on the transaction progress every 30 days until the tender offer report is announced [1]

Core Insights - The engineering machinery sector experienced a rise of 1.48% on October 9, with Changling Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Group 1: Stock Performance - Changling Hydraulic (605389) closed at 67.42, with a significant increase of 10.00% and a trading volume of 33,200 shares, amounting to a transaction value of 216 million [1] - Hengli Hydraulic (601100) saw a closing price of 104.00, up 8.59%, with a trading volume of 225,400 shares and a transaction value of 2.298 billion [1] - Wintop Hydraulic (920839) closed at 43.85, increasing by 4.40%, with a trading volume of 24,600 shares and a transaction value of 10.7 million [1] Group 2: Capital Flow - The engineering machinery sector experienced a net outflow of 370 million from institutional investors, while retail investors saw a net inflow of 162 million [2] - Major stocks like Xugong Machinery (000425) had a net inflow of 13.8 million from institutional investors, but a net outflow of 93.5 million from retail investors [3] - Changling Hydraulic (605389) had a net inflow of 28.9 million from institutional investors, but also saw outflows from both retail and speculative investors [3]

Market Performance - The engineering machinery sector rose by 1.16% on September 30, with Changling Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Individual Stock Performance - Changling Hydraulic (605389) closed at 61.29, up 6.96% with a trading volume of 38,800 shares and a turnover of 233 million yuan [1] - Tongli Co. (834599) closed at 19.55, up 5.79% with a trading volume of 105,900 shares and a turnover of 208 million yuan [1] - Xugong Machinery (000425) closed at 11.50, up 4.55% with a trading volume of 1,398,300 shares and a turnover of 158.3 million yuan [1] - Other notable performers include Wantong Hydraulic (830839) up 3.45% and Shantui (000680) up 1.97% [1] Fund Flow Analysis - The engineering machinery sector experienced a net outflow of 209 million yuan from institutional investors, while retail investors saw a net inflow of 71.1 million yuan [2] - Notable net inflows from retail investors were observed in stocks like Anhui Heli (600761) with a net inflow of 23.7 million yuan [3] Key Stock Movements - Xugong Machinery (000425) had a significant net outflow from institutional investors amounting to 1.37 billion yuan, while retail investors contributed a net inflow of 37.9 million yuan [3] - Changling Hydraulic (605389) saw a net inflow of 19.6 million yuan from institutional investors but a net outflow from retail investors of 16.4 million yuan [3] - Zhejiang Dingli (603338) had a net inflow of 27.1 million yuan from institutional investors [3]

Company Performance - The stock price of Changling Hydraulic reached a historical high, increasing by 4.14% to 59.67 yuan, with a trading volume of 1.95 million shares and a transaction value of 115 million yuan [2] - The company's latest A-share total market capitalization is 8.598 billion yuan, and the circulating market capitalization is 8.131 billion yuan [2] - In the first half of the year, the company reported operating revenue of 465 million yuan, a year-on-year decrease of 1.22%, and a net profit of 65.7417 million yuan, a year-on-year decrease of 0.03% [2] - The basic earnings per share are 0.4600 yuan, and the weighted average return on equity is 3.10% [2] Industry Overview - The mechanical equipment industry, to which Changling Hydraulic belongs, has an overall increase of 0.02% [2] - Within the industry, 275 stocks are rising, with three stocks hitting the daily limit, including Hezhuan Intelligent and Jikai Shares [2] - Conversely, 296 stocks are declining, with the largest declines seen in *ST Xinyuan, Huagong Technology, and *ST Xingnong, with declines of 12.19%, 5.02%, and 4.99% respectively [2]

New Stock Issuance - New stock issuance for Aomeisen (证券代码: 920080) is priced at 8.25 RMB per share[1] - The last trading day for Zitian (证券代码: 300280) is in 9 trading days[1] - Zhonghuan Hailu (证券代码: 301040) and Jishi Media (证券代码: 601929) have recent announcements regarding their stock status[1] Market Alerts - Significant abnormal fluctuations reported for Xian Dao Intelligent (证券代码: 300450) and Hangke Technology (证券代码: 688006)[2] - ST Green Kang (证券代码: 002868) and ST Gao Hong (证券代码: 000851) are under scrutiny due to recent trading activities[1] - ST Xin Tong (证券代码: 600289) and ST Ya Zhen (证券代码: 603389) have also been flagged for unusual market behavior[1] Trading Insights - The report includes links to detailed announcements for various stocks, indicating ongoing market monitoring and regulatory compliance[1] - The document highlights the importance of tracking stock performance and regulatory updates for informed investment decisions[1]

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on the export of process industrial equipment and humanoid robots [1]. Core Insights - The petrochemical industry is expected to become a major source of global oil demand growth, benefiting from China's mature industrial chain and related equipment. Despite challenges such as energy transition and geopolitical risks, global oil demand is projected to grow by 2.5 million barrels per day from 2024 to 2030, reaching 105.5 million barrels per day [6]. - The humanoid robot sector is highlighted for three key reasons: new technology directions focusing on cost reduction and lightweight designs, the importance of application scenarios, and the division of the robot market into two main segments: equipment and data/visualization [6]. - The report suggests that monetary and fiscal policies are being strengthened, which may lead to a new recovery cycle in the equipment industry. Key companies to watch include Huichuan Technology, Xinjie Electric, and Weichuang Electric in the industrial control sector, and various companies in the robotics and machine tool sectors [6]. Summary by Sections Industry Overview - The mechanical industry consists of 632 listed companies with a total market capitalization of approximately 6,323.2 billion yuan and a circulating market value of about 5,266.4 billion yuan [3]. Company Earnings Forecasts and Valuations - Key companies and their projected earnings per share (EPS) and price-to-earnings (PE) ratios for 2025E to 2027E are as follows: - Huichuan Technology: EPS of 2.12 yuan in 2025E, PE of 38.60 [2]. - Flantak: EPS of 0.60 yuan in 2025E, PE of 18.12 [2]. - Xinjie Electric: EPS of 1.83 yuan in 2025E, PE of 34.64 [2]. - Oke Yi: EPS of 0.71 yuan in 2025E, PE of 32.04 [2]. - Lanjian Intelligent: EPS of 1.50 yuan in 2025E, PE of 25.98 [2]. Market Performance - The mechanical sector has shown a 1.5% increase in the past week, while the overall market performance of the Shanghai Composite Index was -1.3% [10][15]. - Among sub-sectors, boiler equipment had the highest increase at 12.3%, while shipbuilding had the lowest at -4.0% [11]. Investment Recommendations - The report emphasizes the importance of focusing on companies in various sectors, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][21].

Core Viewpoint - Jiangsu Changling Hydraulic Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price deviation of 20% over three consecutive trading days from September 16 to September 18, 2025, which is classified as abnormal trading activity according to the Shanghai Stock Exchange rules [2][5]. Group 1: Stock Trading Abnormalities - The company's stock price increased significantly over three consecutive trading days, leading to a cumulative closing price deviation of 20% [2][5]. - The company conducted a self-examination and confirmed that there were no undisclosed significant matters apart from what has been publicly disclosed [2][10]. Group 2: Share Transfer Agreement - On July 10, 2025, a share transfer agreement was signed, where shareholders Summer Jifa and Summer Zemin planned to transfer a total of 43,211,714 shares, representing 29.99% of the company's total shares, to Huaxin Tingtao and Chenglian Shuangying [3][7]. - Additionally, Huaxin Polang intends to make a partial tender offer to acquire 17,290,448 shares, which accounts for 12.00% of the total shares, from all shareholders excluding Huaxin Tingtao and Chenglian Shuangying [3][7]. Group 3: Business Operations - The company primarily produces central swivel joints, tensioning devices, construction machinery swivel reducers, precision castings, and photovoltaic swivel reducers [6]. - The company confirmed that its main business operations have not changed, and the internal production activities are normal, with no significant adjustments in the market environment or industry policies [6][10]. Group 4: Market and Media Influence - The company has not identified any media reports or market rumors that could significantly impact its stock trading prices, nor is it involved in any market hot concepts [11]. - There were no significant stock trading activities by directors, supervisors, senior management, or controlling shareholders during the period of abnormal stock trading [12]. Group 5: Risk and Compliance - The board of directors confirmed that there are no undisclosed matters that should be disclosed according to the relevant regulations of the Shanghai Stock Exchange [15]. - The company emphasizes that all information should be verified through designated media and encourages rational investment decisions [15].

Core Viewpoint - Changling Hydraulic announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 20% over three consecutive trading days from September 16 to September 18, 2025 [2] Company Summary - The company conducted a self-examination and consulted with its controlling shareholder and actual controller, confirming that there are no undisclosed significant matters apart from what has been publicly disclosed in designated media [2]

证券代码：605389 证券简称：长龄液压 公告编号：2025-041 江苏长龄液压股份有限公司 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。 经公司自查并向公司控股股东及实际控制人征询核实，截至本公告披露 日，除已在指定媒体上公开披露的信息外，不存在应披露而未披露的重大事项。 2025 年 7 月 10 日，无锡核芯听涛科技合伙企业（有限合伙）（以下简 称"核芯听涛"）与夏继发、夏泽民，江阴澄联双盈投资合伙企业（有限合伙）（以 下简称"澄联双盈"，与"核芯听涛"统称"收购方"）与夏继发分别签署《关于 江苏长龄液压股份有限公司之股份转让协议》（以下合称"《股份转让协议》"）， 夏继发、夏泽民拟将其持有长龄液压合计 43,211,714 股无限售条件流通股份协议 转让给核芯听涛、澄联双盈，占长龄液压股份总数的 29.99%。此外，根据《股 份转让协议》的约定，无锡核芯破浪科技合伙企业（有限合伙）（以下简称"核 芯破浪"）拟按照《上市公司收购管理办法》的相关规定向长龄液压除核芯听涛、 澄联双盈以外 ...