Group 1 - The core point of the article is that shareholder Shen Liang has notified the company of his plan to reduce his shareholding in Dekoli (688205.SH) by a total of 1,973,191 shares, which represents 1.2466% of the company's total equity [1] - Following this reduction, the combined shareholding of shareholder Qian Mingying and Shen Liang will decrease from 20,325,165 shares to 18,351,974 shares, reducing their ownership percentage from 12.84% to 11.59% [1] - The equity change triggered a threshold of 1% in the ownership percentage [1]

Core Insights - The main point of the articles is the significant net outflow of capital from the Shanghai and Shenzhen stock markets, totaling 128.99 billion yuan, with a notable outflow from the Sci-Tech Innovation Board [1] Group 1: Market Overview - The total net outflow of capital from the Shanghai and Shenzhen markets was 128.99 billion yuan, with the Sci-Tech Innovation Board experiencing a net outflow of 12.93 billion yuan [1] - A total of 98 stocks on the Sci-Tech Innovation Board saw net inflows, while 495 stocks experienced net outflows [1] - Among the stocks that saw net inflows, the top three were 德科立 (1.10 billion yuan), 晶晨股份 (1.07 billion yuan), and 沃尔德 (959.27 million yuan) [1][2] Group 2: Stock Performance - On the Sci-Tech Innovation Board, 33 stocks rose, with two stocks, 禾信仪器 and 品高股份, hitting the daily limit [1] - The stock C恒坤 had the highest decline, dropping 11.47% [1] - The stock with the largest net outflow was 寒武纪-U, which saw a net outflow of 1.14 billion yuan and a decline of 5.54% [1] Group 3: Continuous Capital Flow - There were 24 stocks with continuous net inflows for more than three trading days, with 伟创电气 leading at nine consecutive days of inflow [2] - The stock with the longest continuous net outflow was 智翔金泰, which experienced 19 consecutive days of outflow [2]

Summary of Key Points Core Viewpoint - The recent block trading activity of Dekoli indicates significant institutional interest, with a total transaction volume of 138,100 shares and a transaction value of 14.0862 million yuan, reflecting a discount of 11.30% compared to the closing price on the same day [2][3]. Group 1: Trading Activity - On November 21, Dekoli experienced three block trades with a total volume of 138,100 shares and a total transaction value of 14.0862 million yuan, all at a price of 102.00 yuan per share [2]. - The closing price of Dekoli on the same day was 115.00 yuan, marking a 5.06% increase, with a daily turnover rate of 14.04% and a total trading volume of 2.516 billion yuan [3]. - Over the past three months, Dekoli has recorded 39 block trades with a cumulative transaction value of 115 million yuan [3]. Group 2: Institutional Participation - Institutional proprietary seats were involved in two of the block trades, contributing a total transaction value of 12.0462 million yuan, with a net purchase of the same amount [2]. - The latest margin financing balance for Dekoli is 792 million yuan, which has increased by 13.411 million yuan over the past five days, representing a growth rate of 1.72% [4]. Group 3: Company Background - Dekoli, officially known as Wuxi Dekoli Optoelectronic Technology Co., Ltd., was established on January 31, 2000, with a registered capital of 1.58285329 billion yuan [4].

证券代码：688205 证券简称：德科立 公告编号：2025-063 无锡市德科立光电子技术股份有限公司 关于持股 5%以上股东及其一致行动人权益变动触及 1%刻度的提示性公告 | 权益变动方向 | 比例增加□ | | 比例减少 | | --- | --- | --- | --- | | 权益变动前合计比例 | 12.84% | | | | 权益变动后合计比例 | 11.59% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否 | | | 是否触发强制要约收购义务 | 是□ | 否 | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | 其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 股东钱明颖及其一致行动人沈良保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全 ...

Core Insights - The stock of Dekoli increased by 5.06% on November 21, closing at 115.00 yuan, with three block trades totaling 138,100 shares and a transaction value of 14.0862 million yuan [1] Trading Activity - The first block trade occurred at a price of 102.00 yuan for 98,100 shares, amounting to 10.0062 million yuan, with a discount rate of -11.30%. The buyer was an institutional client, and the seller was Huatai Securities [1] - The second block trade also took place at 102.00 yuan for 20,000 shares, totaling 2.04 million yuan, with the same discount rate of -11.30%. The buyer was again an institutional client, and the seller was Huatai Securities [1] - The third block trade was at 102.00 yuan for 20,000 shares, amounting to 2.04 million yuan, with a discount rate of -11.30%. The buyer was Morgan Stanley Securities (China) and the seller was Huatai Securities [1] Recent Performance - Over the past three months, Dekoli has recorded a total of 39 block trades with a cumulative transaction value of 115 million yuan [1] - In the last five trading days, the stock has risen by 24.82%, with a net inflow of 421 million yuan from major funds [1]

Group 1 - The trading date for the securities is November 21, 2025, indicating recent market activity [1] - The security in focus is 德科立 (Dekoli) with the stock code 688205, showing specific interest from institutional investors [1] - The transaction price for 德科立 was 102 yuan, with a total transaction amount of 10 million yuan and a trading volume of 9.81 thousand shares [1] Group 2 - The buying department for the majority of transactions was identified as "机构专用" (Institutional Special Use), suggesting significant institutional interest [1] - There were multiple transactions recorded for 德科立 on the same date, indicating active trading and potential volatility [1] - The selling department included "量、看體公司 上海" (Volume, Look at Body Company Shanghai), which may reflect a strategic selling decision [1]

Core Insights - The article reports on a significant block trading activity for Dekoli on November 20, with a total transaction volume of 96,000 shares and a transaction value of 8.832 million yuan, reflecting a discount of 15.95% compared to the closing price of the day [1] Trading Activity Summary - On November 20, four block trades were executed, each at a price of 92.00 yuan, with a total transaction volume of 96,000 shares and a total transaction value of 8.832 million yuan [1] - Over the past three months, Dekoli has seen a total of 36 block trades, accumulating a transaction value of 101 million yuan [1] Company Background - Dekoli, officially known as Wuxi Dekoli Optoelectronic Technology Co., Ltd., was established on January 31, 2000, with a registered capital of 1.58285329 billion yuan [1]

Summary of Key Points Core Viewpoint - On November 20, Dekoli executed a block trade of 96,000 shares, amounting to 8.832 million yuan, which represented 0.45% of the total trading volume for the day. The transaction price was 92 yuan, reflecting a discount of 15.95% compared to the market closing price of 109.46 yuan [1]. Group 1: Trade Details - The block trade involved 96,000 shares of Dekoli, with a total transaction value of 8.832 million yuan [1]. - The transaction price of 92 yuan was significantly lower than the market closing price, indicating a discount of 15.95% [1]. - The trade accounted for 0.45% of the total trading volume on that day [1]. Group 2: Trading Date and Securities Information - The trade occurred on November 20, 2025, under the security name Dekoli with the code 688205 [2]. - Multiple brokerage firms participated in the trade, including Northeast Securities and Minsheng Securities, indicating a diverse interest from different market players [2].

Market Overview - The communication equipment sector rose by 0.45% on November 20, with Ruisi Kanda leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Top Gainers - Ruisi Kanda (603803) closed at 10.81, up 9.97% with a trading volume of 349,700 shares and a transaction value of 360 million yuan [1] - Shida Group (600734) closed at 4.20, up 9.95% with a trading volume of 2,955,400 shares and a transaction value of 1.217 billion yuan [1] - Dekeli (688205) closed at 109.46, up 9.53% with a trading volume of 187,400 shares and a transaction value of 1.956 billion yuan [1] Top Losers - Yongding Co., Ltd. (600105) closed at 14.50, down 8.69% with a trading volume of 2,042,700 shares and a transaction value of 3.059 billion yuan [2] - Changfei Fiber (601869) closed at 78.41, down 6.30% with a trading volume of 166,600 shares and a transaction value of 1.34 billion yuan [2] - Huiyuan Communication (000586) closed at 12.90, down 5.77% with a trading volume of 221,000 shares and a transaction value of 284 million yuan [2] Capital Flow - The communication equipment sector saw a net inflow of 281 million yuan from institutional investors, while retail investors contributed a net inflow of 295 million yuan [2] - The sector experienced a net outflow of 575 million yuan from speculative funds [2] Individual Stock Capital Flow - Tianfu Communication (300394) had a net inflow of 706 million yuan from institutional investors, while it saw a net outflow of 264 million yuan from speculative funds [3] - Ruisi Kanda (603803) experienced a net inflow of 104 million yuan from institutional investors, but a net outflow of 56.98 million yuan from speculative funds [3] - Dekeli (688205) had a net inflow of 92.046 million yuan from institutional investors, with a net outflow of 60.955 million yuan from speculative funds [3]

Group 1 - The CPO concept stocks in the A-share market experienced significant gains, with Zhongfu Circuit hitting the daily limit up of 20% [1] - Ruiskanda saw a rise of 10%, while Dekeli increased by over 9% [1] - Srey New Materials and Founder Technology both rose by over 7%, and Tianfu Communication increased by over 4% [1]