Core Viewpoint - JiaHua Technology (688051.SH) announced a share reduction plan by its shareholder Shanghai PuGang, intending to sell up to 500,000 shares, representing 0.65% of the company's total shares, due to personal funding needs [1] Summary by Relevant Sections - **Share Reduction Plan** - The shareholder plans to reduce holdings through centralized bidding [1] - The reduction will occur within three months starting from December 3, 2025, to March 2, 2026 [1] - The number of shares to be reduced will be adjusted in case of any changes in share structure, such as stock dividends or capital increases [1]

Core Viewpoint - The company JiaHua Technology announced a plan for a shareholder to reduce their stake in the company due to personal funding needs, indicating potential changes in shareholder structure and liquidity concerns [1] Summary by Relevant Sections - **Shareholder Reduction Plan** - The shareholder, Shanghai PuGang Enterprise Management Center (Limited Partnership), intends to reduce its holdings by up to 500,000 shares, which represents approximately 0.65% of the company's total share capital [1] - The reduction will occur between December 3, 2025, and March 2, 2026, through a centralized bidding process [1] - There is no specified price range for the share reduction, which may indicate flexibility in the selling strategy [1]

南财智讯11月10日电，佳华科技公告，公司股东上海普纲企业管理中心（有限合伙）持有公司股份 172.67万股，占公司总股本的2.23%。因自身资金需求，上海普纲计划通过集中竞价方式减持不超过50 万股，即不超过公司总股本的0.65%。减持期间为2025年12月3日至2026年3月2日，减持股份来源于公 司首次公开发行前取得的股份。本次减持计划不会对公司治理结构及持续经营产生重大影响，减持价格 将根据市场价格确定。上海普纲及其一致行动人李劲合计持有公司5.46%股份，其中李劲持股3.23%。 过去12个月内，上海普纲已减持77.33万股，占公司总股本的1%。 ...

Core Viewpoint - Shareholder Shanghai Pugang plans to reduce its stake in Jiahua Technology by up to 0.65% through centralized bidding due to personal funding needs [1] Summary by Categories Shareholder Actions - Shanghai Pugang Enterprise Management Center (Limited Partnership) intends to reduce its holdings by no more than 500,000 shares, which represents 0.65% of the company's total share capital [1] Timeline - The reduction period is set from December 3, 2025, to March 2, 2026 [1]

佳华科技公告，股东上海普纲企业管理中心由于自身资金需求，计划通过集中竞价方式减持公司股份不 超过50万股，占公司总股份的0.65%。 ...

Market Performance - The IT services sector increased by 0.75% on November 10, with Junyi Digital leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Gainers in IT Services - Junyi Digital (301172) closed at 24.02, up 8.39% with a trading volume of 167,600 shares and a transaction value of 403 million yuan [1] - Qianfang Technology (002373) closed at 11.36, up 6.17% with a trading volume of 741,100 shares and a transaction value of 836 million yuan [1] - Haoyun Technology (300448) closed at 7.71, up 6.05% with a trading volume of 448,500 shares and a transaction value of 338 million yuan [1] Top Losers in IT Services - Guozi Software (920953) closed at 38.48, down 4.11% with a trading volume of 44,900 shares and a transaction value of 174 million yuan [2] - Lupu Information (920748) closed at 54.98, down 3.54% with a trading volume of 32,100 shares and a transaction value of 181 million yuan [2] - Shenzhou Information (000555) closed at 19.05, down 2.56% with a trading volume of 1,393,800 shares and a transaction value of 2.714 billion yuan [2] Capital Flow Analysis - The IT services sector experienced a net outflow of 899.7 million yuan from institutional investors, while retail investors saw a net inflow of 931 million yuan [2][3] - Major stocks like Qianfang Technology and Junyi Digital had significant net inflows from retail investors despite overall sector outflows [3]

Group 1 - Jiahua Technology (688051) closed at 48.55 yuan on November 7, experiencing a decline of 15.26% with a turnover rate of 6.19% and an amplitude of 18.40%, resulting in a transaction volume of 246 million yuan [2] - The stock was listed on the daily trading list due to a closing price drop of 15% [2] - The top five trading departments accounted for a total transaction of 94.22 million yuan, with a net sell of 8.04 million yuan [2] Group 2 - The main buying department was Goldman Sachs (China) Securities, Shanghai Pudong New District, with a buying amount of 15.36 million yuan, followed by CITIC Securities, Shenzhen Binhai Avenue, with 7.14 million yuan [3] - The leading selling department was CITIC Securities, Shanghai Branch, with a selling amount of 13.50 million yuan [3] - Overall, the stock saw a net outflow of 6.44 million yuan in main funds throughout the day [3]

Market Performance - The Sci-Tech 50 Index fell by 1.47%, closing at 1415.69 points, with a total trading volume of 4.188 billion shares and a turnover of 188.988 billion yuan, resulting in an average turnover rate of 2.20% [1] - Among the tradable stocks on the Sci-Tech Board, 185 stocks closed higher, with 5 stocks rising over 10% and 17 stocks rising between 5% and 10%. Conversely, 401 stocks closed lower, with 1 stock declining over 10% [1] Turnover Rate Analysis - The turnover rate distribution shows that 2 stocks had a turnover rate exceeding 20%, 20 stocks had a turnover rate between 10% and 20%, and 37 stocks had a turnover rate between 5% and 10% [1] - The stock with the highest turnover rate was He Yuan Biological, which closed down by 7.09% with a turnover rate of 30.81% and a transaction amount of 1.249 billion yuan. Wanrun New Energy rose by 15.28% with a turnover rate of 22.99% and a transaction amount of 1.727 billion yuan [1] Sector Performance - In terms of sector performance, the electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 18 stocks, followed by the power equipment and computer sectors with 15 and 7 stocks, respectively [2] Capital Flow - Among the high turnover stocks, 34 stocks experienced net inflows of main funds, with the highest net inflows recorded for Purun Co., Wanrun New Energy, and Huahong Company, amounting to 190 million yuan, 157 million yuan, and 101 million yuan, respectively [2] - Conversely, stocks with significant net outflows included He Yuan Biological, Baiwei Storage, and Xi'an Yicai, with net outflows of 200 million yuan, 95.678 million yuan, and 91.679 million yuan, respectively [2] Leverage Fund Movements - A total of 30 stocks received net purchases from leveraged funds, with notable increases in financing balances for Artis, Jinpan Technology, and He Yuan Biological, which increased by 735 million yuan, 239 million yuan, and 189 million yuan, respectively [2] - Stocks with the largest decreases in financing balances included Huahong Company, Yuanjie Technology, and Jingyi Equipment, which decreased by 293 million yuan, 156 million yuan, and 130 million yuan, respectively [2]

Market Overview - The IT service sector experienced a decline of 1.79% on November 7, with Jiahua Technology leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Top Performers - Haixia Innovation (300300) saw a significant increase of 10.87%, closing at 11.42 with a trading volume of 2.32 million shares and a transaction value of 2.548 billion [1] - Wutu Measurement and Control (920116) rose by 5.81%, closing at 72.86 with a trading volume of 40,200 shares and a transaction value of 286 million [1] - Jiachuan Video (300264) increased by 5.38%, closing at 6.27 with a trading volume of 394,400 shares and a transaction value of 246 million [1] Underperformers - Jiahua Technology (688051) experienced the largest decline of 15.26%, closing at 48.55 with a trading volume of 47,900 shares and a transaction value of 2.46 billion [2] - Shenzhou Information (000555) fell by 8.22%, closing at 19.55 with a trading volume of 1.6861 million shares and a transaction value of 3.354 billion [2] - Danghong Technology (688039) decreased by 7.11%, closing at 46.93 with a trading volume of 47,100 shares and a transaction value of 226 million [2] Capital Flow - The IT service sector saw a net outflow of 3.929 billion from main funds, while retail funds had a net inflow of 3.077 billion [2] - Speculative funds recorded a net inflow of 0.852 billion [2]

Group 1 - The core point of the news is that Jiahua Technology experienced a decline of 5.27% in its stock price, reaching 54.27 yuan per share, with a total market capitalization of 4.197 billion yuan [1] - Jiahua Technology, established on September 14, 2007, and listed on March 20, 2020, is based in Tongzhou District, Beijing, and focuses on smart building, intelligent desulfurization operations, smart environmental protection, smart city solutions, and environmental monitoring and information technology [1] - The company's revenue composition is as follows: smart environmental protection accounts for 67.98%, smart city solutions for 20.00%, smart dual-carbon initiatives for 11.38%, and other segments for 0.43% and 0.21% respectively [1] Group 2 - From the perspective of fund holdings, one fund under Caitong Fund has Jiahua Technology as a significant holding, with 500 shares representing 0.02% of the fund's net value, ranking as the eighth largest holding [2] - The Caitong Yixiang Stable Pension One-Year Holding Period Mixed Fund (FOF) was established on September 10, 2024, with a latest scale of 94.9637 million yuan, and has achieved a year-to-date return of 7.77% [2] - The fund manager, Chen Xi, has been in position for 3 years and 261 days, with the fund's total asset scale at 169 million yuan, achieving a best return of 10.51% and a worst return of -7.53% during his tenure [2]