Core Viewpoint - The continuous upgrade of battery manufacturing processes emphasizes the need for high-precision laser processing technology, which is crucial for enhancing battery manufacturing quality and safety [2]. Group 1: Industry Trends - The 2025 High-Performance Lithium Battery Annual Conference will be held from November 18 to 20 in Shenzhen, featuring a keynote speech by Zhao Shuming, the product line director of Jieput [3]. - The conference will celebrate the 15th anniversary of the event and include the High-Performance Golden Ball Award ceremony, with participation from over 1500 attendees and multiple specialized forums and reports [7]. Group 2: Company Insights - Jieput, a leading domestic laser supplier, has developed specialized solutions for laser processing in lithium battery manufacturing, particularly for high-reflectivity materials, achieving successful applications in top battery production lines [5]. - Jieput has created a WPD welding process monitoring module that enables real-time monitoring of plasma, reflected light, and thermal radiation signals during the welding process, ensuring reliable product quality by detecting defects promptly [5]. - The laser welding depth OCT detection module utilizes optical coherence tomography and synchronized scanning technology to provide 2D and 3D imaging for pre-, during, and post-welding inspections, significantly improving production efficiency [5]. - Jieput's laser processing solutions are currently applied in several leading battery companies, focusing on comprehensive control technology for the entire laser welding process to ensure quality reliability [5].

Core Viewpoint - The China Securities 2000 ETF managed by Huaxia Fund has experienced a decline of 1.12% as of the midday close on November 12, with a trading volume of 11.11 million yuan [1] Group 1: ETF Performance - The China Securities 2000 ETF (562660) closed at 1.673 yuan, down 1.12% [1] - Since its inception on September 6, 2023, the fund has achieved a return of 68.85%, with a monthly return of 4.43% [1] Group 2: Major Holdings Performance - Major holdings in the ETF include Tian'ao Electronics, which fell by 1.23%, and Guoen Co., which dropped by 4.47% [1] - Other notable declines include Asia-Pacific Shares down 2.36%, Baosheng Shares down 3.07%, and Green Power down 0.13% [1] - The largest decline was seen in Jieput, which fell by 6.34%, while Daon Shares decreased by 2.51% [1]

Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective decline, with several companies showing significant drops in their stock prices [1]. Group 1: Stock Performance - Yongding Co., Ltd. (600105) saw a decline of 6.53%, with a total market capitalization of 20.3 billion and a year-to-date increase of 182.25% [2]. - Changxin Bochuang (300548) dropped by 5.98%, with a market cap of 27.3 billion and a year-to-date increase of 102.19% [2]. - Guangku Technology (300620) fell by 5.39%, with a market cap of 24.6 billion and a year-to-date increase of 103.96% [2]. - Cambridge Technology (603083) decreased by 4.96%, with a market cap of 34.5 billion and a year-to-date increase of 147.37% [2]. - Taicheng Light (300570) declined by 4.84%, with a market cap of 20.8 billion and a year-to-date increase of 27.28% [2]. - Jepu Tech (688025) experienced a drop of 4.89%, with a market cap of 13.2 billion and a year-to-date increase of 194.80% [2]. - Tianfu Communication (300394) fell by 4.43%, with a market cap of 123 billion and a year-to-date increase of 144.51% [2]. - Sry New Materials (688102) decreased by 4.26%, with a market cap of 14.9 billion and a year-to-date increase of 120.63% [2]. - Juguang Technology (688167) saw a decline of 4.16%, with a market cap of 11.7 billion and a year-to-date increase of 103.55% [2]. - Lian Te Technology (301205) dropped by 3.71%, with a market cap of 13.6 billion and a year-to-date increase of 38.55% [2]. - Laimu Co., Ltd. (603633) decreased by 3.59%, with a market cap of 4.58 billion and a year-to-date increase of 31.69% [2]. - Zhongji Xuchuang (300308) fell by 3.47%, with a market cap of 502 billion and a year-to-date increase of 267.66% [2]. - Huilv Ecology (001267) saw a decline of 3.37%, with a market cap of 14.4 billion and a year-to-date increase of 141.49% [2].

Core Points - The company will hold a performance briefing on November 18, 2025, from 13:00 to 14:00 to discuss its half-year and third-quarter results for 2025 [2][5] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [3][5] - Investors can submit questions from November 12 to November 17, 2025, through the Roadshow Center website or via the company's email [2][6] Meeting Details - The performance briefing is scheduled for November 18, 2025, from 13:00 to 14:00 [5] - The location for the meeting is the Shanghai Stock Exchange Roadshow Center [5] - The meeting will be conducted in an online interactive format, allowing real-time communication with investors [3][4] Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [4][5] - Questions can be pre-submitted through the Roadshow Center website or the company's email before the deadline [6] - After the briefing, investors can access the main content and details of the meeting on the Roadshow Center website [6]

证券代码：688025 证券简称：杰普特 公告编号：2025-045 深圳市杰普特光电股份有限公司 关于召开 2025 年半年度暨第三季度 业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 投资者可于 2025 年 11 月 12 日(星期三)至 11 月 17 日(星期一)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@jptoe.com 进行 提问。公司将在说明会上对投资者普遍关注的问题进行回答。 深圳市杰普特光电股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日、2025 年 10 月 31 日发布了公司 2025 年半年度报告及 2025 年第三季度报告， 为便于广大投资者更全面深入地了解公司 2025 年半年度及第三季度经营成果、 财务状况，公司计划于 2025 年 11 月 18 日 13:00-14:00 举行 2025 年半年度暨第 三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络互动 ...

Core Insights - The research team led by researcher You Jingbi from the Institute of Semiconductor Research, Chinese Academy of Sciences, has made significant progress in perovskite solar cells, achieving a power conversion efficiency of 27.2% for prototype devices and enhancing operational stability, laying a crucial foundation for the industrialization of perovskite solar cells [1] Group 1: Investment Opportunities - Seven perovskite battery stocks have recorded net financing purchases exceeding 100 million yuan since the fourth quarter of 2025, with Longi Green Energy, Canadian Solar, BOE Technology Group, and Tongwei Co., Ltd. leading the list with amounts of 909 million yuan, 887 million yuan, 786 million yuan, and 766 million yuan respectively [1] - Thirteen perovskite battery stocks reported net profits exceeding 10 million yuan in the first three quarters of 2025, with stable year-on-year growth, including Jiepu Technology, Xian Dao Intelligent, and Weidao Nano, which saw profit increases of 97.3%, 94.97%, and 64.84% respectively [1]

Core Insights - The stock price of Jieput has increased by 213.64% year-to-date, with a recent decline of 0.85% over the last five trading days [1] - The company reported a revenue of 1.509 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 41.02%, and a net profit of 204 million yuan, up 97.30% [2] Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, is located in Longhua District, Shenzhen, Guangdong Province [1] - The company's main business includes the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronic devices [1] - The revenue composition is as follows: lasers 53.32%, laser/optical intelligent equipment 38.19%, other main businesses 6.61%, fiber optic devices 1.81%, and others 0.07% [1] Shareholder and Market Data - As of September 30, 2025, Jieput had 7,160 shareholders, an increase of 8.35% from the previous period, with an average of 13,275 circulating shares per shareholder, down 7.71% [2] - The company has distributed a total of 157 million yuan in dividends since its A-share listing, with 96.44 million yuan distributed over the last three years [3] - Notable changes in institutional holdings include a decrease in shares held by Guangfa Technology Innovation Mixed A and new entries from Huaxia Industry Prosperity Mixed A and Guangfa Innovation Upgrade Mixed [3]

Group 1 - Jepter's stock price has declined by 1.32% to 146.96 CNY per share, with a trading volume of 208 million CNY and a turnover rate of 1.48%, resulting in a total market capitalization of 13.968 billion CNY. The stock has experienced a cumulative decline of 12.94% over the past three days [1] - The main business of Shenzhen Jepter Optoelectronics Co., Ltd. includes the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronic devices. The revenue composition is as follows: lasers 53.32%, laser/optical intelligent equipment 38.19%, other main businesses 6.61%, fiber optic devices 1.81%, and others 0.07% [1] Group 2 - Southern Fund's Southern Strategy Optimization Mixed Fund (202019) holds 58,200 shares of Jepter, accounting for 2.43% of the fund's net value, ranking as the fifth-largest holding. The estimated floating loss today is approximately 114,000 CNY, with a total floating loss of 1.2706 million CNY during the three-day decline [2] - The Southern Strategy Optimization Mixed Fund (202019) was established on March 30, 2010, with a current scale of 338 million CNY. Year-to-date returns are 42.98%, ranking 1576 out of 8150 in its category, while the one-year return is 44.13%, ranking 1461 out of 8043. Since inception, the fund has achieved a return of 121.56% [2]

Investment Rating - The report maintains a "Recommendation" rating for the company, with a target price of 185.28 CNY [2][8]. Core Insights - The company reported a significant increase in performance for the third quarter of 2025, with a revenue of 1.628 billion CNY, representing a year-on-year growth of 31.90% and a quarter-on-quarter growth of 16.83%. The net profit attributable to the parent company reached 109 million CNY, showing a year-on-year increase of 123.78% and a quarter-on-quarter increase of 83.53% [2][8]. - The company's revenue for the first three quarters of 2025 was 1.509 billion CNY, up 41.02% year-on-year, while the net profit attributable to the parent company was 204 million CNY, up 97.30% year-on-year. The gross profit margin stood at 40.58%, an increase of 0.38 percentage points year-on-year [2][8]. Financial Performance Summary - The company is projected to achieve total revenue of 2.037 billion CNY in 2025, with a year-on-year growth rate of 40.1%. The net profit attributable to the parent company is expected to reach 259 million CNY, reflecting a year-on-year growth of 95.7% [4][9]. - Earnings per share (EPS) are forecasted to be 2.73 CNY in 2025, with a price-to-earnings (P/E) ratio of 54 times [4][9]. - The gross profit margin is expected to be 39.5% in 2025, with a net profit margin of 12.9% [9]. Business Strategy and Market Position - The company is focusing on optimizing its product structure and enhancing its research and development efforts, particularly in the laser equipment sector. It aims to provide comprehensive solutions centered around laser technology [8]. - The company is strategically expanding its presence in the intelligent equipment and optical communication sectors, responding to the growing demand from data centers, cloud computing, and artificial intelligence industries [8].

Core Insights - The stock price of Jieput, as of November 4, has decreased by 2.21%, trading at 145.63 CNY per share with a market capitalization of 13.842 billion CNY [1] - Jieput's stock has seen a significant increase of 209.32% year-to-date, despite a recent decline of 1.53% over the last five trading days [1] Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, specializes in the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronic devices [1] - The company's revenue composition includes: lasers (53.32%), laser/optical intelligent equipment (38.19%), other main businesses (6.61%), fiber optic devices (1.81%), and others (0.07%) [1] Financial Performance - For the period from January to September 2025, Jieput reported a revenue of 1.509 billion CNY, reflecting a year-on-year growth of 41.02%, and a net profit attributable to shareholders of 204 million CNY, marking a 97.30% increase [2] - Cumulative cash dividends since Jieput's A-share listing amount to 157 million CNY, with 96.437 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, Jieput had 7,160 shareholders, an increase of 8.35% from the previous period, with an average of 13,275 circulating shares per shareholder, down by 7.71% [2] - Notable changes in institutional holdings include a decrease in shares held by Guangfa Technology Innovation Mixed A and new entries from Huaxia Industry Prosperity Mixed A and Guangfa Innovation Upgrade Mixed [3]