Core Viewpoint - The company is actively involved in the development of products for controlled nuclear fusion and aims to expand its commercial applications in this field [1] Product Development - The company's current products for controlled nuclear fusion include cold cathode thyratrons, traveling wave tubes, high-power microwave isolators, and vacuum capacitors [1] - The company is also engaged in the research and development of cyclotron tubes [1] Strategic Initiatives - The company plans to leverage the domestic key national science center platform to participate in major national scientific projects [1] - The focus is on continuously expanding its commercial applications in the controlled nuclear fusion sector [1]

Core Viewpoint - As of November 18, a total of 77 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Notable Financing Inflows - The stock with the longest consecutive net inflow is Jidian Co., which has seen net buying for 13 consecutive trading days [1] - Other stocks with significant consecutive net inflows include Xinzoubang, Aerospace Electronics, Guoli Electronics, Lizhong Group, Dashenlin, Jiangsu Boyun, Annuoqi, and Leao Planning [1]

Core Viewpoint - The company, Kunshan Guoli Electronics Technology Co., Ltd., is set to hold a Q3 2025 earnings presentation on November 25, 2025, to communicate its operational performance and development strategies to investors [3][4]. Group 1: Meeting Details - The earnings presentation will take place on November 25, 2025, from 15:00 to 16:30 [4][5]. - The meeting will be conducted online through the "Value Online" platform [4][5]. - Participants will include the Chairman, General Manager, Board Secretary, Chief Financial Officer, and an Independent Director [4]. Group 2: Investor Participation - Investors can submit questions until November 25, 2025, via a designated website or WeChat mini-program [2][6]. - The company will address commonly asked questions during the earnings presentation within the limits of information disclosure [2][6]. Group 3: Post-Meeting Information - After the earnings presentation, investors can access the meeting details and key content through the Value Online platform or the Yidong app [7].

| 证券代码：688103 | 证券简称：国力电子 | 公告编号：2025-070 | | --- | --- | --- | | 转债代码：118035 | 转债简称：国力转债 | | 昆山国力电子科技股份有限公司 2025 年第三季度业绩说明会预告公告 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： 一、说明会类型 昆山国力电子科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了《昆山国力电子科技股 会议召开时间：2025 年 11 月 25 日（星期二）15:00-16:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 11 月 25 日 前 访 问 网 址 https://eseb.cn/1tgP65XZ3QQ 或使用微信扫描下方小程序码进行会前提 问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍 ...

Core Insights - Guoli Electronics' stock price has increased by 55.17% year-to-date, but has seen a decline of 1.83% in the last five trading days and 10.39% over the past 20 days [2] - The company reported a revenue of 937 million yuan for the first nine months of 2025, representing a year-on-year growth of 71.23%, and a net profit of 55.72 million yuan, up 111.21% year-on-year [2] Company Overview - Guoli Electronics, established on October 12, 2000, is located in Kunshan, Jiangsu Province, and was listed on September 10, 2021. The company specializes in the research, production, and sales of electronic vacuum devices [2] - The revenue composition of Guoli Electronics includes: DC contactors (60.00%), vacuum relays (17.87%), AC contactors (11.50%), vacuum capacitors (5.33%), vacuum active devices (3.49%), and others (1.80%) [2] Market Performance - As of November 17, Guoli Electronics' stock price was 62.78 yuan per share, with a market capitalization of 5.984 billion yuan. The stock experienced a net outflow of 5.96 million yuan in principal funds [1] - The trading volume was 34.27 million yuan, with a turnover rate of 0.57% [1] Shareholder Information - As of September 30, 2025, Guoli Electronics had 5,709 shareholders, an increase of 6.23% from the previous period, with an average of 16,695 circulating shares per shareholder, a decrease of 5.87% [2] - The company has distributed a total of 98.36 million yuan in dividends since its A-share listing, with 68.31 million yuan distributed over the past three years [3]

Group 1 - The cultivated diamond sector experienced a decline of 4.21%, ranking among the top losers in the concept sector, with *ST Yazhen hitting the daily limit down [1][2] - Major stocks within the cultivated diamond sector that saw significant declines include Jing Sheng Electric (-7.23%), Huanghe Xuanfeng (-5.38%), and Sifangda (-6.02%) [2][3] - Conversely, stocks that gained in this sector include Guoli Electronics (+3.39%), Chaohongji (+2.24%), and Yuyuan Shares (+1.43%) [1][3] Group 2 - The cultivated diamond sector faced a net outflow of 9.45 billion yuan in principal funds, with 12 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 1 billion yuan [2] - The stock with the highest net outflow was Jing Sheng Electric, with a net outflow of 1.75 billion yuan, followed by Huanghe Xuanfeng and Sifangda with net outflows of 1.63 billion yuan and 1.44 billion yuan, respectively [2] - Stocks with the highest net inflows included Hengsheng Energy, World, and Chaohongji, with net inflows of 12.56 million yuan, 10.98 million yuan, and 10.39 million yuan, respectively [2][3]

Core Viewpoint - Guokui Electronics has shown significant stock performance with a year-to-date increase of 59.07% and a recent market capitalization of 6.135 billion yuan [1][2]. Financial Performance - For the period from January to September 2025, Guokui Electronics achieved a revenue of 937 million yuan, representing a year-on-year growth of 71.23% [2]. - The net profit attributable to shareholders for the same period was 55.7175 million yuan, reflecting a year-on-year increase of 111.21% [2]. Stock Market Activity - As of November 12, the stock price of Guokui Electronics was 64.36 yuan per share, with a trading volume of 56.2908 million yuan and a turnover rate of 0.93% [1]. - The stock has experienced a net inflow of 71,300 yuan from major funds, with significant buying and selling activities recorded [1]. Shareholder Information - As of September 30, the number of shareholders for Guokui Electronics was 5,709, an increase of 6.23% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 5.87% to 16,695 shares [2]. Dividend Distribution - Guokui Electronics has distributed a total of 98.3614 million yuan in dividends since its A-share listing, with 68.3135 million yuan distributed over the past three years [3]. Major Shareholders - As of September 30, 2025, the third-largest circulating shareholder is XINGQUAN Multi-Dimensional Value Mixed A, holding 2.8668 million shares, with no change in the number of shares held [3].

Core Insights - The stock of Guokai Electronics experienced a decline of 1.34% on November 11, with a trading volume of 58.43 million yuan [1] - The company reported a significant increase in revenue and net profit for the first nine months of 2025, with revenue reaching 937 million yuan, a year-on-year growth of 71.23%, and a net profit of 55.72 million yuan, up 111.21% year-on-year [2] Financing and Margin Trading - On November 11, Guokai Electronics had a financing buy-in amount of 6.30 million yuan, with a net financing buy of 0.53 million yuan, resulting in a total financing balance of 423 million yuan, which accounts for 7.03% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] Shareholder and Dividend Information - As of September 30, the number of shareholders increased by 6.23% to 5,709, while the average number of circulating shares per person decreased by 5.87% to 16,695 shares [2] - The company has distributed a total of 98.36 million yuan in dividends since its A-share listing, with 68.31 million yuan distributed over the past three years [3]

Core Insights - The cultivated diamond concept sector saw a rise of 3.46%, ranking second among concept sectors, with 14 stocks increasing in value [1] - Notable gainers included World, Inno Laser, and Sifangda, which rose by 9.80%, 8.70%, and 6.74% respectively [1] - The sector experienced a net inflow of 301 million yuan from main funds, with seven stocks receiving significant inflows [1] Fund Flow Analysis - The top stocks in terms of net fund inflow were Jing Sheng Electric, Inno Laser, and World, with inflows of 149 million yuan, 86.60 million yuan, and 64.02 million yuan respectively [1][2] - Inno Laser led with a net inflow rate of 12.10%, followed by Jing Sheng Electric at 8.89% and World at 6.14% [2] - The overall performance of the cultivated diamond concept was supported by strong fund inflows, indicating investor confidence in the sector [1][2] Stock Performance - The stock performance table highlighted that Jing Sheng Electric had a daily increase of 3.39% with a turnover rate of 3.27% [2] - Inno Laser's stock rose by 8.70% with a turnover rate of 10.95%, showcasing strong trading activity [2] - Conversely, stocks like Guoli Electronics and Guoji Precision experienced declines of 0.73% and 0.46% respectively, indicating mixed performance within the sector [3]

Group 1 - The company reported a revenue of 937 million yuan for the first three quarters of 2025, representing a year-on-year increase of 71.23%, and a net profit attributable to shareholders of 56 million yuan, up 111.21% year-on-year [1] - In Q3 2025, the company achieved a revenue of 368 million yuan, reflecting a year-on-year growth of 72.38% and a quarter-on-quarter increase of 8.61%, with a net profit attributable to shareholders of 20 million yuan, up 71.45% year-on-year but down 16.52% quarter-on-quarter [1] - The growth in performance is attributed to strong demand in the new energy vehicle industry, significant revenue growth from core products, and effective cost and expense control [1] Group 2 - The company has made long-term technological accumulation and strategic layout in vacuum active devices for large scientific engineering applications, focusing on products like hydrogen thyristors and high-power fast-tuning tubes, which are in critical stages of R&D and customer validation [2] - The company is concentrating R&D resources on high-barrier products like cyclotron tubes and has established stable partnerships with leading domestic research institutions to advance the development and testing of engineering prototypes [2] - The company expects net profits attributable to shareholders to reach 91 million yuan, 193 million yuan, and 266 million yuan from 2025 to 2027, with corresponding EPS of 0.95, 2.03, and 2.79 yuan, and PE ratios of 68.8, 32.3, and 23.5 times [2]