联测科技公告，第三季度营收为9832.23万元，同比增长8.95%；净利润为2258.17万元，同比增长 165.36%。前三季度营收为3.53亿元，同比增长6.84%；净利润为7552.55万元，同比增长36.54%。 ...

Group 1 - The company, Lian Ce Technology, holds a total of 39,373 shares of Zhongtai Automobile through its wholly-owned subsidiary, Chang Ce Electromechanical [1]

Group 1 - Harbin Air Conditioning plans to transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. The subsidiary reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the previous year's net profit absolute value [1] - Xinhua Insurance expects a net profit of 29.986 billion to 34.122 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 45% to 65% [1][2] - Gansu Energy anticipates a net profit of 1.55 billion to 1.6 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 11.86% to 15.47% [2][3] Group 2 - Dongfang Tower forecasts a net profit of 750 million to 900 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 60.83% to 93% [4] - Meili Eco announced that its subsidiary won a bid for an EPC project worth 2.375 billion yuan [6] - Bohai Chemical's wholly-owned subsidiary will undergo routine maintenance for its 600,000 tons/year PDH unit, expected to last about 30 days [8] Group 3 - Qin Port Co. reported a total throughput of 317.02 million tons for the first nine months of 2025, a year-on-year increase of 5.56% [10] - Jianglong Shipbuilding won a bid for a 72.99 million yuan fishery enforcement vessel project, accounting for 4.22% of its 2024 audited revenue [11] - Longyuan Technology expects a net profit of 35 million to 40 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50.11% to 71.55% [12] Group 4 - Naipu Mining anticipates a net profit of 61 million to 66 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 45.16% to 49.32% [14] - Jinggong Steel Structure reported a cumulative contract amount of 17.98 billion yuan for the first nine months of 2025, a year-on-year increase of 4.8% [15][16] - Shenzhen Gas reported a net profit of 918 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.08% [17] Group 5 - Yabao Pharmaceutical's subsidiary received a drug registration certificate for a new diabetes medication [18] - Shaanxi Coal's coal production in September was 14.56 million tons, a year-on-year increase of 5.34% [20] - Sifang New Materials reported a 15.94% year-on-year decline in concrete production for the first three quarters [22] Group 6 - Nanjing Foods reported a consolidated revenue of 276 million yuan in September, a slight increase of 0.0016% year-on-year [23] - Pulaike received a new veterinary drug registration certificate for a flea and tick treatment [24] - Zhucheng Technology received a cash dividend of 15 million yuan from its subsidiary [25] Group 7 - David Medical's subsidiary received a medical device registration certificate for a portable electronic endoscope image processor [26] - Zhongtong Bus reported a 36.88% year-on-year increase in sales in September, totaling 1,106 units [27] - Xiantan Co. reported a 11.95% year-on-year increase in chicken sales revenue in September [28] Group 8 - Bojun Technology expects a net profit of 552 million to 662 million yuan for the first three quarters of 2025, a year-on-year increase of 50% to 80% [30] - Haishi Pharmaceutical's innovative pain relief drug clinical trial application has been accepted [31] - Lingxiao Pump Industry used 80 million yuan of idle funds to purchase financial products [32] Group 9 - Qiangda Circuit's subsidiary completed business registration changes to expand its operational scope [33] - *ST Tianyu's controlling shareholder applied for bankruptcy liquidation due to severe financial difficulties [34] - Baolidi's shareholder plans to reduce holdings by up to 1 million shares [36] Group 10 - Zijin Mining completed the acquisition of Kazakhstan's Raygorodok gold mine, controlling 100% of its rights [44] - Zhonggang Luoyang's indirect controlling shareholder completed a capital increase, raising registered capital from approximately 26.666 billion yuan to 44.824 billion yuan [46] - Jinyu Jidong's director resigned due to work adjustments [47]

Core Viewpoint - The controlling shareholders of Lian Ce Technology (688113) plan to reduce their holdings, raising concerns about the company's stock buyback program and its effectiveness in supporting shareholder value [1][5]. Summary by Sections Shareholder Actions - On October 12, Lian Ce Technology announced that two of its controlling shareholders, Li Hui and Zhang Hui, plan to reduce their holdings by up to 1.92 million shares, representing 2.98% of the total share capital, between November 4, 2025, and February 3, 2026 [1][3]. - If the maximum reduction is executed at the closing price of 39.78 yuan per share, the total cashing out could exceed 76 million yuan [3]. Company Buyback Program - The company's buyback program initiated in April 2023 has seen limited progress, with less than 500,000 yuan spent so far, leading to investor skepticism about its intent [4][5]. - The buyback plan aims to repurchase shares worth 10 million to 20 million yuan for employee stock ownership plans or equity incentives, but only 12,800 shares have been repurchased, accounting for 0.02% of the total share capital [5]. Shareholder Structure and Market Performance - Lian Ce Technology is a professional provider of power system testing solutions, with major clients including SAIC Group, GAC Group, Huawei, and others [4]. - The controlling shareholder, Zhao Aiguo, and his associates hold a combined 35.11% of the shares, indicating a high concentration of ownership [4]. - Despite the recent sell-offs by controlling shareholders, the stock has seen a year-to-date increase of 39%, with a current market capitalization of 2.5 billion yuan [5].

Performance Disclosure - Hengdian East Magnetic expects a net profit attributable to shareholders of 1.39 billion to 1.53 billion yuan for the first three quarters, representing a year-on-year increase of 50.1% to 65.2% [1] - China Nuclear Power reported a cumulative commercial power generation of 184.364 billion kWh for the first three quarters, a year-on-year increase of 14.95% [2] - Yangtze Power's total power generation from its domestic cascade power stations was approximately 235.126 billion kWh for the first three quarters, remaining roughly flat compared to the previous year [2] Shareholding Changes - Zhongrong Electric's employee shareholding platform plans to reduce its stake by no more than 1% of the company's total shares [3] - Eryi Biological's controlling shareholder and its concerted parties plan to reduce their stake by no more than 3% of the company's total shares [4] - Lian Ce Technology's actual controller's concerted parties plan to reduce their stake by no more than 2.98% of the company's total shares [5] Risk Matters - Wentai Technology announced that the Dutch government has frozen the assets of its subsidiary, Anshi Semiconductor, for one year, affecting its revenue of approximately 14.7 billion yuan in 2024 [6] Share Transfer - Zhongzhi Holdings announced that its major shareholder, Changjiang Ecological Environmental Group, intends to transfer all of its 63.133 million shares, accounting for 24.73% of the total shares, at a price not lower than 8.72 yuan per share [7] Company Clarification - Haiou Zhugong clarified that it has not participated in any form of lighthouse factory qualification application or recognition, despite media reports linking it to the "lighthouse factory concept" [8]

Core Insights - On October 12, no A-share listed companies disclosed any increase in shareholding, while six companies reported share reductions [1] Group 1: Companies Reporting Share Reductions - Lian Ce Technology's controlling shareholder's concerted actors plan to reduce their holdings by no more than 2.98% [2] - Baolidi's shareholder holding over 5% (Yunnan Trust) plans to reduce holdings by no more than 1 million shares [2] - Zhongrong Electric's controlling shareholder's concerted actors intend to reduce their holdings by no more than 0.999% [2] - Ketaobiological's specific shareholder Zhang Liebing plans to reduce holdings by no more than 1.8976% [2] - Yirui Biological's controlling shareholder and its concerted actors plan to reduce holdings by no more than 3% [2] - Shanghai Hohong's major shareholder Xinggang Rongchuang plans to reduce holdings by no more than 1% [2]

Group 1 - The actual controller's concerted actors, including directors Li Hui and Zhang Hui, hold significant shares in the company, with Li Hui owning approximately 4.87 million shares (7.56% of total shares) and Zhang Hui owning about 3.33 million shares (5.16% of total shares) [1][2] - Li Hui's shares include around 4.84 million shares acquired before the company's IPO, which will be released from restrictions on May 6, 2024, while the remaining shares are from equity incentives with release dates on October 13, 2023, and October 28, 2024 [1] - Both Li Hui and Zhang Hui plan to reduce their holdings by a total of up to 32,000 shares through centralized bidding and up to 64,000 shares through block trading, representing a combined reduction of no more than 1.49% of the company's total shares [2]

联测科技公告称，公司实际控制人的一致行动人、公司董事、副总经理李辉拟通过集中竞价和大宗交易 方式减持公司股份合计不超过960,000股，占公司总股本的1.49%；公司实际控制人的一致行动人、公司 董事张辉拟通过集中竞价和大宗交易方式减持公司股份合计不超过960,000股，占公司总股本的1.49%。 减持期间为自公告披露之日起15个交易日后的3个月内。 ...

联测科技(688113.SH)发布公告，公司于近日收到公司实际控制人的一致行动人、公司董事、副总经理 李辉先生以及公司实际控制人的一致行动人、公司董事张辉先生出具的《关于江苏联测机电科技股份有 限公司减持股份计划的告知函》，因个人资金需求，李辉先生拟通过集中竞价方式减持公司股份不超过 32万股，拟通过大宗交易方式减持公司股份不超过64万股，合计减持股份比例不超过公司股份总数的 1.49%;张辉先生拟通过集中竞价方式减持公司股份不超过32万股，拟通过大宗交易方式减持公司股份不 超过64万股，合计减持股份比例不超过公司股份总数的1.49%，减持期间为自公告披露之日起15个交易 日后的3个月内。 ...

智通财经APP讯，联测科技(688113.SH)发布公告，公司于近日收到公司实际控制人的一致行动人、公司 董事、副总经理李辉先生以及公司实际控制人的一致行动人、公司董事张辉先生出具的《关于江苏联测 机电科技股份有限公司减持股份计划的告知函》，因个人资金需求，李辉先生拟通过集中竞价方式减持 公司股份不超过32万股，拟通过大宗交易方式减持公司股份不超过64万股，合计减持股份比例不超过公 司股份总数的1.49%;张辉先生拟通过集中竞价方式减持公司股份不超过32万股，拟通过大宗交易方式减 持公司股份不超过64万股，合计减持股份比例不超过公司股份总数的1.49%，减持期间为自公告披露之 日起15个交易日后的3个月内。 ...