Market Overview - The Shanghai Composite Index closed at 3897.56 points, with a change of 0.21% [1] - The total trading volume of A-shares reached 1681.524 billion yuan [1] Technical Analysis - A total of 83 A-shares experienced a "death cross" where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hongxing Co., Ltd. with a difference of -2.45% [1] - Huayi Technology with a difference of -2.30% [1] - Top Group with a difference of -2.27% [1] Individual Stock Performance - Hongxing Co., Ltd. (001209) saw a decrease of 0.61% with a latest price of 17.88 yuan, which is 5.01% below the 10-day moving average [1] - Huayi Technology (688071) decreased by 4.25%, with a latest price of 36.98 yuan, 11.65% below the 10-day moving average [1] - Top Group (601689) decreased by 3.89%, latest price at 66.49 yuan, 11.94% below the 10-day moving average [1] - Other notable declines include: - Green Harmonic (688017) down 5.05% [1] - Fangzheng Electric (002196) down 1.46% [1] - Anjie Technology (002635) down 1.99% [1] Additional Stock Movements - Stocks with minor declines include: - Dongwang (600052) down 1.52% [2] - Tian Sheng (300169) up 0.56% [2] - Guhua Gongjiu (000596) up 3.82% [2]

Market Overview - The specialized equipment sector declined by 0.43% on October 13, with Aomeisen leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Top Gainers in Specialized Equipment Sector - Lihexing (301013) saw a significant increase of 20.01%, closing at 37.90 with a trading volume of 848,000 shares and a transaction value of 3.061 billion [1] - Lingge Technology (920284) rose by 16.90%, closing at 46.01 with a trading volume of 130,000 shares and a transaction value of 561 million [1] - ST Xinyuan (300472) increased by 11.96%, closing at 6.46 with a trading volume of 376,200 shares and a transaction value of 234 million [1] Top Losers in Specialized Equipment Sector - Yunmeima (920080) experienced a decline of 8.11%, closing at 34.10 with a trading volume of 95,200 shares and a transaction value of 323 million [2] - Haoyang Co. (300833) fell by 7.94%, closing at 39.64 with a trading volume of 33,000 shares and a transaction value of 132 million [2] - Rutong Co. (603036) decreased by 6.78%, closing at 22.15 with a trading volume of 191,700 shares and a transaction value of 423 million [2] Capital Flow Analysis - The specialized equipment sector saw a net outflow of 1.135 billion from institutional investors and 170 million from retail investors, while retail investors had a net inflow of 1.305 billion [2] - Notable capital inflows included Beikang Technology (600980) with a net inflow of 99.84 million from institutional investors [3] - Zhengfan Technology (688596) had a net inflow of 64.25 million from institutional investors, while experiencing a net outflow of 113 million from retail investors [3]

Core Insights - The specialized equipment sector increased by 1.11% on September 29, with Lingge Technology leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Sector Performance - Lingge Technology (code: 833284) saw a significant rise of 14.39%, closing at 29.25 with a trading volume of 125,900 shares and a transaction value of 357 million yuan [1] - Tai Rui Machinery (code: 603289) increased by 6.23%, closing at 11.08 with a trading volume of 180,400 shares and a transaction value of 198 million yuan [1] - Yuejian Intelligent (code: 603095) rose by 5.65%, closing at 16.07 with a trading volume of 110,100 shares and a transaction value of 175 million yuan [1] - Li Hexing (code: 301013) increased by 5.56%, closing at 30.75 with a trading volume of 635,400 shares and a transaction value of 1.94 billion yuan [1] - Other notable performers include Zhongjian Technology (code: 002779) up 5.36%, Ruankong Co. (code: 002073) up 5.34%, and Yongchuang Intelligent (code: 603901) up 5.19% [1] Fund Flow Analysis - The specialized equipment sector experienced a net outflow of 68.17 million yuan from institutional funds, while retail investors contributed a net inflow of 302 million yuan [2] - The overall trend indicates a divergence in fund flow, with institutional investors withdrawing while retail investors increased their participation [2]

Core Viewpoint - Huayi Technology's stock increased by 5.23% on September 25, reaching a price of 43.47 CNY per share, with a total market capitalization of 3.686 billion CNY [1] Company Overview - Shanghai Huayi Technology Group Co., Ltd. was established on November 28, 1998, and went public on July 29, 2021. The company focuses on the development of intelligent testing technology for automotive powertrains, engaging in the research, design, manufacturing, sales, and related testing services of intelligent testing equipment [1] - The main revenue composition includes: 54.81% from new energy vehicle powertrain testing services, 35.55% from powertrain intelligent testing equipment, 9.31% from intelligent driving, and 0.32% from other services [1] Shareholder Information - Southern Fund's Southern Sci-Tech Innovation 3-Year Open Mixed Fund (506000) entered the top ten circulating shareholders of Huayi Technology in the second quarter, holding 2.53% of the circulating shares with 2.144 million shares [2] - The fund has achieved a return of 44.38% year-to-date, ranking 1574 out of 8173 in its category, and a return of 109.27% over the past year, ranking 383 out of 8003 [2] Fund Manager Profile - The fund manager of Southern Sci-Tech Innovation 3-Year Open Mixed Fund is Zheng Xiaoxi, who has been in the position for 6 years and 101 days. The fund's total asset size is 5.844 billion CNY, with the best return during his tenure being 143.5% and the worst being -33.69% [3] Fund Holdings - Southern Sci-Tech Innovation 3-Year Open Mixed Fund holds 2.144 million shares of Huayi Technology, representing 4.43% of the fund's net value, making it the tenth largest holding [4]

Summary of Conference Call on Intelligent Connected Vehicles Industry Overview - The conference call discusses the intelligent connected vehicle industry, specifically focusing on the new safety requirements for combination driving assistance systems released by the Ministry of Industry and Information Technology (MIIT) in China [1][2][3]. Key Points and Arguments - **New Regulations**: The MIIT has issued a draft for public consultation regarding safety requirements for L1 to L2++ level vehicles, aimed at standardizing market practices and enhancing consumer confidence [1][3]. - **Market Penetration**: As of the first seven months of the year, the penetration rate of new cars equipped with driving assistance features has reached 65%, with L2 level vehicles estimated at 45% to 50% [1][5]. - **Impact on Testing Industry**: The new regulations are expected to significantly increase the demand for vehicle testing, with an estimated annual market growth of approximately 2 billion yuan for passenger vehicle testing alone. The commercial vehicle testing demand may be even larger, potentially exceeding several billion yuan [1][6]. - **Testing Requirements**: New testing methods will need to accommodate various product forms, including single-lane, multi-lane, and navigation assistance systems. Testing will involve field tests (46 typical scenarios), road tests (minimum of 72 hours), and document verification, raising the bar for testing technology and service capabilities [1][7][8]. - **Market Recommendations**: The call recommends key players in the testing industry, such as China Automotive Research (中国汽研) and Huayi Technology, as well as component manufacturers like Sutech, Nexperia, Bertel, and others, who are expected to benefit from the new regulations [2][3]. Additional Important Content - **Risks and Challenges**: Attention is drawn to potential risks, including a downturn in the domestic passenger vehicle market and slower-than-expected technological advancements, which could impact the effectiveness of the new regulations and the performance of related companies [3][9]. - **Consumer Confidence**: The introduction of these regulations is deemed crucial for improving consumer confidence in the market, particularly in light of existing confusion surrounding L2.5 and L2.9 classifications due to regulatory gaps [5][9]. This summary encapsulates the essential insights from the conference call regarding the intelligent connected vehicle industry and the implications of the new safety requirements.

Core Viewpoint - The departure of a key technical personnel, Zhang Jieping, from Huayi Technology (688071.SH) raises concerns about the company's R&D capabilities and future growth potential [1] Company Summary - Zhang Jieping officially left the company on September 19, 2023, after reaching the legal retirement age, and will no longer hold any position within the company [1] - Zhang joined the company in January 2022 as the Deputy General Manager of the Intelligent Driving Division, focusing on the intelligent analysis of automotive powertrain testing data and the establishment and optimization of a big data management platform [1] - The company's semi-annual report for 2025 indicates a reduction in the R&D team size, with the number of R&D personnel decreasing from 127 to 111, a reduction of 16 individuals year-on-year [1] - Total R&D expenditure for the reporting period was 23.45 million yuan, a decrease of 2.45% compared to the previous year, with R&D investment accounting for 8.85% of operating revenue, down 4.85 percentage points year-on-year [1] - In the first half of the year, the company achieved operating revenue of 265 million yuan, a year-on-year increase of 51.10%, primarily driven by the gradual production ramp-up of new energy vehicle powertrain testing services and intelligent driving business [1] - The company reported a net loss of 5.46 million yuan during the same period [1]

证券代码：688071 证券简称：华依科技 公告编号：2025-042 上海华依科技集团股份有限公司 关于核心技术人员离职的公告 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： ● 上海华依科技集团股份有限公司（以下简称"华依科技"或"公司"）核心技术人员张洁萍女士因达到法 定退休年龄，于近日正式退休，公司不再认定其为核心技术人员，且张洁萍女士不再担任公司任何职 务。 ● 截至本公告披露日，公司技术研发工作正常进行，并持续专注研发体系建设。本次核心技术人员的离 职不会对公司的生产经营和技术研发带来实质性影响，不会影响公司拥有的核心技术，不会对公司的研 发管理、生产经营等方面产生任何不利影响。 一、张洁萍女士离职的具体情况 公司核心技术人员张洁萍女士因达到法定退休年龄，于近日正式退休，公司不再认定其为核心技术人 员，且张洁萍女士不再担任公司任何职务。公司及董事会对张洁萍女士任职期间为公司发展所做出的努 力和贡献表示衷心感谢。 1、核心技术人员的具体情况 张洁萍女士，1975年6月出生，中国国籍，无境外永久居留 ...

（文章来源：证券日报） 证券日报网讯 9月18日晚间，华依科技发布公告称，公司核心技术人员张洁萍女士因达到法定退休年 龄，于近日正式退休，公司不再认定其为核心技术人员，且张洁萍女士不再担任公司任何职务。 ...

Group 1 - Shudao Equipment's subsidiary signed a construction contract worth 24.68 million yuan for a hydrogen fuel cell manufacturing base project [1] - Zhongliang Technology received a land acquisition compensation of 30 million yuan from the government [2] - Palm Holdings won a bid for a high-standard farmland construction project in Lankao County, with a contract value of 433 million yuan, accounting for 14.12% of the company's audited revenue for 2024 [3] Group 2 - Changchun Yidong's subsidiary received a government subsidy of 2.85 million yuan, which is 122.78% of the company's audited net profit for the last fiscal year [4] - Wuzhou Transportation successfully issued 200 million yuan in medium-term notes with an interest rate of 2.10% [5][6] - Tiandi Source's subsidiary plans to apply for a trust loan of up to 500 million yuan from related parties [8] Group 3 - Tiandi Source's subsidiary acquired a residential land use right in Xi'an for 2.015 billion yuan [9] - Opcon Vision received a medical device registration certificate for its ultrasonic nebulizer [11] - Jingjiawei announced the resignation of its vice president due to personal reasons [13] Group 4 - Fulinh Precision's subsidiary received a prepayment of 1.5 billion yuan from CATL for securing lithium iron phosphate material supply [15] - Yunzhu Technology's subsidiary received a government subsidy of 20.12 million yuan [16] - Kehua Bio's ferritin test kit received a medical device registration certificate [17] Group 5 - Jinghua Pharmaceutical's medical sodium alginate wound dressing received a medical device registration certificate [18] - Lingwei Technology established a wholly-owned subsidiary with a registered capital of 1 million yuan [19] - Sanwei Co. won a bid for concrete sleeper procurement projects worth 158 million yuan [20] Group 6 - Shanghai Pharmaceuticals' Nicardipine tablets passed the consistency evaluation for generic drugs [21] - Lushan New Materials increased its idle fund management limit to 750 million yuan [24] - Huayi Technology announced the retirement of a core technical staff member [25] Group 7 - Yingli Environment plans to use up to 300 million yuan of idle raised funds for cash management [30] - Yong'an Forestry plans to develop a national reserve forest project in Putian, Fujian, with an estimated investment of 154 million yuan [32] - Xinyuan Technology's shareholders plan to reduce their holdings by up to 3.18% of the company's shares [60]

中信证券股份有限公司 关于上海华依科技集团股份有限公司 核心技术人员离职的核查意见 中信证券股份有限公司（以下简称"中信证券"）作为上海华依科技集团股 份有限公司（以下简称"华依科技"或"公司"）首次公开发行股票并上市、2022 年度向特定对象发行股票并上市及后续持续督导保荐机构，根据《中华人民共和 国公司法》《中华人民共和国证券法》《首次公开发行股票注册管理办法》《证券 发行上市保荐业务管理办法》以及《上海证券交易所科创板股票上市规则》等有 关规定，对公司核心技术人员离职事项进行了核查，具体情况及核查意见如下： 一、核心技术人员离职的具体情况 公司核心技术人员张洁萍女士因达到法定退休年龄，于近日正式退休，公司 不再认定其为核心技术人员，且张洁萍女士不再担任公司任何职务。公司及董事 会对张洁萍女士任职期间为公司发展所做出的努力和贡献表示衷心感谢。 （一）核心技术人员的具体情况 张洁萍女士，1975 年 6 月出生，中国国籍，无境外永久居留权，毕业于同 济大学电力电子与电力传动专业，硕士研究生学历。曾任 Powermax（上海）有 限公司研发工程师、项目部项目经理；Analog Devices Inc.资深应用 ...