证券研究报告 | 行业专题研究 gszqdatemark 2025 11 05 年 月 日 减速器：MIM 可加工出复杂薄壁、高强度、高硬度齿轮。如用 MIM 制造 谐波减速器柔轮，能一体化成形复杂薄壁结构，厚度能进一步下降，减重 的同时能保持较高抗拉强度。 传感器外壳/电机零部件：一体化形成适配轻量化迭代方向。MIM 工艺能 够提供高精度、高一致性的传感器外壳解决方案，也有望一体化成形电机 零部件，减少装配误差，适配电机轻量化的迭代方向。 投资建议：重点关注统联精密，建议关注东睦股份、海昌新材。 风险提示：技术替代风险；MIM 国产化不及预期风险；全球贸易摩擦风险； 数据陈旧风险。 机械设备 MIM 在机器人领域的应用前瞻 金属注射成形（ MIM）：代表未来的先进制造技术。MIM 是一种融合传统 粉末冶金与现代塑料注射成形技术的"近净成形"工艺，被誉为（"当今最 热门的零部件成形技术"。MIM 通过将微米级金属粉末与粘结剂混合注射 成形，再经脱脂、烧结等工艺，可生产公差±0.2%、材料利用率超 95% 的复杂金属零件。MIM 特别适用于生产小型、复杂的部件，这些部件若通 过传统的金属加工方法 例如机加工、铸 ...

Group 1: China Jushi (600176.SH) - The company achieved a revenue of 139.04 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 19.53% [6] - The net profit attributable to shareholders reached 25.68 billion yuan, up 67.51% year-on-year, with a non-recurring net profit of 26.12 billion yuan, increasing by 125.91% [6][9] - The company is expected to achieve net profits of 34.91 billion, 41.07 billion, and 46.48 billion yuan from 2025 to 2027, driven by the recovery of fiberglass prices and demand from various downstream sectors [9] Group 2: Transsion Holdings (688036.SH) - The company reported a revenue of 204.66 billion yuan in Q3 2025, a year-on-year increase of 22.60%, while the net profit attributable to shareholders was 9.35 billion yuan, down 11.06% year-on-year [11] - The company is expected to achieve revenues of 694.0 billion, 751.7 billion, and 871.6 billion yuan from 2025 to 2027, with net profits of 38.2 billion, 56.7 billion, and 70.8 billion yuan respectively [13] Group 3: Tonglian Precision (688210.SH) - The company reported a revenue of 2.4 billion yuan in Q3 2025, a year-on-year increase of 5.75%, while the net profit attributable to shareholders was 884,000 yuan, down 91.67% year-on-year [15] - The company is expected to achieve revenues of 11.4 billion, 15.5 billion, and 21.1 billion yuan from 2025 to 2027, with net profits of 1.0 billion, 1.9 billion, and 2.9 billion yuan respectively [17] Group 4: Topband Co., Ltd. (002139.SZ) - The company achieved a revenue of 26.9 billion yuan in Q3 2025, a slight increase of 0.1% year-on-year, while the net profit attributable to shareholders was 900 million yuan, down 44.7% year-on-year [18] - The company is expected to achieve net profits of 6.2 billion, 8.5 billion, and 10.8 billion yuan from 2025 to 2027 [19] Group 5: Inspur Information (000977.SZ) - The company reported a revenue of 1206.69 billion yuan in the first three quarters of 2025, a year-on-year increase of 45%, with a net profit of 14.82 billion yuan, up 15% year-on-year [25] - The company is expected to achieve net profits of 26.38 billion, 37.31 billion, and 47.77 billion yuan from 2025 to 2027 [26] Group 6: Benda Pharmaceutical (300558.SZ) - The company achieved a revenue of 27.17 billion yuan in the first three quarters of 2025, a year-on-year increase of 15.90%, while the net profit attributable to shareholders was 3.17 billion yuan, down 23.86% year-on-year [28] - The company is expected to achieve revenues of 35.50 billion, 43.71 billion, and 53.09 billion yuan from 2025 to 2027, with net profits of 5.73 billion, 7.21 billion, and 8.56 billion yuan respectively [29] Group 7: XWANDA (300207.SZ) - The company reported a revenue of 435.34 billion yuan in the first three quarters of 2025, a year-on-year increase of 13.73%, with a net profit of 14.05 billion yuan, up 15.94% year-on-year [35] - The company is expected to achieve net profits of 21.83 billion, 30.29 billion, and 40.31 billion yuan from 2025 to 2027 [37] Group 8: YH Technology (688080.SH) - The company achieved a revenue of 2 billion yuan in Q3 2025, a year-on-year increase of 34.5%, with a net profit of 400 million yuan, up 17.5% year-on-year [39] - The company is expected to achieve net profits of 1.5 billion, 2 billion, and 2.6 billion yuan from 2025 to 2027 [40] Group 9: Zhongji Xuchuang (300308.SZ) - The company reported a revenue of 102.2 billion yuan in Q3 2025, a year-on-year increase of 56.8%, with a net profit of 31.4 billion yuan, up 125% year-on-year [42] - The company is expected to achieve net profits of 107 billion, 205 billion, and 268 billion yuan from 2025 to 2027 [43] Group 10: Dongfang Tower (002545.SZ) - The company achieved a revenue of 33.92 billion yuan in the first three quarters of 2025, a year-on-year increase of 9.05%, with a net profit of 8.28 billion yuan, up 77.57% year-on-year [44] - The company is expected to achieve net profits of 12.68 billion, 14.46 billion, and 17.19 billion yuan from 2025 to 2027 [46]

11月5日，统联精密跌5.21%，截至发稿，报58.20元/股，成交2658.06万元，换手率0.28%，总市值93.93 亿元。 资料显示，深圳市泛海统联精密制造股份有限公司位于广东省深圳市龙华区观湖街道松轩社区环观中路 282号厂房四101、B栋一楼、D栋(整栋)，成立日期2016年6月12日，上市日期2021年12月27日，公司主 营业务涉及从事高精度、高密度、形状复杂、外观精美的精密零部件的研发、设计、生产及销售。主营 业务收入构成为：其他金属工艺制品及塑胶制品66.47%，MIM产品30.78%，模治具及设备1.43%，其他 (补充)1.32%。 从基金十大重仓股角度 数据显示，民生加银基金旗下1只基金重仓统联精密。民生加银聚优精选混合A（013296）三季度减持 6.48万股，持有股数24万股，占基金净值比例为9.51%，位居第一大重仓股。根据测算，今日浮亏损失 约76.8万元。 民生加银聚优精选混合A（013296）成立日期2021年10月14日，最新规模1.55亿。今年以来收益 13.91%，同类排名5143/8150；近一年收益37.22%，同类排名1640/8043；成立以来亏损23.2% ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688210 证券简称：统联精密公告编号：2025-081 深圳市泛海统联精密制造股份有限公司 关于股份回购进展及实施结果暨股份变动的公告 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、准确性和完整性承担法律责任。 重要内容提示： ■ 一、回购审批情况和回购方案内容 三、回购期间相关主体买卖股票情况 2024年11月6日，公司首次披露了回购股份方案，具体内容详见公司在上海证券交易所网站 （www.sse.com.cn）披露的《关于以集中竞价交易方式回购公司股份方案的公告》（公告编号：2024- 062）。 2025年9月2日至2025年9月5日期间，公司控股股东、实际控制人、董事长、总经理杨虎先生及一致行动 人合计减持公司股份480.7239万股，具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露 的《控股股东、实际控制人及一致行动人权益变动触及1%刻度及减持计划完成暨减持股份结果公告》 （公告编号：2025-063）。 除上述情况外，自公司首次披露本次回购股份方案至本公告 ...

证券日报网讯 11月4日晚间，统联精密发布公告称，截至2025年11月3日，公司本次股份回购计划实施 期限届满且已实施完毕。公司通过集中竞价交易方式已累计回购股份236.6948万股，占公司目前总股本 的比例为1.4665%。 （文章来源：证券日报） ...

证券代码：688210 证券简称：统联精密 公告编号：2025-081 深圳市泛海统联精密制造股份有限公司 关于股份回购进展及实施结果暨股份变动的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/11/6 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 4 11 | 11 | 月 | 日~2025 | 年 | 月 | 3 日 | | 预计回购金额 | 5,000万元~10,000万元 | | | | | | | | 回购价格上限 | 75.85元/股 | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | | □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 实际回购股数 | 236.6948万股 | | | | | ...

格隆汇11月4日丨统联精密(688210.SH)公布，截至2025年11月3日，公司本次股份回购计划实施期限届 满且已实施完毕。公司通过集中竞价交易方式已累计回购股份236.6948万股，占公司目前总股本的比例 为1.4665%，回购成交的最高价为64.42元/股，最低价为14.58元/股，支付的资金总额为人民币 5,002.7726万元（不含印花税、交易佣金等交易费用）。 ...

每经AI快讯，统联精密（SH 688210，收盘价：61.4元）11月4日晚间发布公告称，截至2025年11月3 日，公司本次股份回购计划实施期限届满且已实施完毕。公司通过集中竞价交易方式已累计回购股份约 236.69万股，占公司目前总股本的比例为1.4665%，回购成交的最高价为64.42元/股，最低价为14.58元/ 股，支付的资金总额为人民币约5002.77万元。 每经头条（nbdtoutiao）——中国这个行业爆了！海外订单猛增246%，覆盖50多国和地区，企业家提 醒：有人正以亏本价销售，警惕恶性竞争扩至海外 （记者 王晓波） 2024年1至12月份，统联精密的营业收入构成为：消费电子占比96.44%，其他占比2.11%，其他业务占 比1.45%。 截至发稿，统联精密市值为99亿元。 ...

Group 1 - The core viewpoint of the news is that Tonglian Precision has seen a significant increase in its stock price, rising by 5.92% to 66.39 CNY per share, with a total market capitalization of 10.715 billion CNY [1] - Tonglian Precision, established on June 12, 2016, and listed on December 27, 2021, specializes in the research, design, production, and sales of high-precision, high-density, and complex-shaped precision components [1] - The company's main business revenue composition includes 66.47% from other metal craft products and plastic products, 30.78% from MIM products, 1.43% from molds and tools, and 1.32% from other sources [1] Group 2 - From the perspective of major fund holdings, Minsheng Jia Yin Fund has a significant position in Tonglian Precision, with its fund "Minsheng Jia Yin Ju You Selected Mixed A" reducing its holdings by 6.48 thousand shares in the third quarter, now holding 240 thousand shares, which constitutes 9.51% of the fund's net value [2] - The fund has achieved a floating profit of approximately 890,400 CNY as of the report date [2] - The fund was established on October 14, 2021, with a current scale of 155 million CNY, and has reported an 18.08% return this year, ranking 4755 out of 8223 in its category [2]

Market Overview - The consumer electronics sector experienced a decline of 4.28% on October 31, with Heertai leading the drop [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Notable gainers in the consumer electronics sector included: - Litong Electronics (603629) with a closing price of 26.77, up 9.98% [1] - Tonglian Precision (688210) at 62.68, up 7.00% [1] - Yuzhong Technology (688260) at 31.85, up 5.78% [1] - Major decliners included: - Heertai (002402) at 51.32, down 8.86% with a trading volume of 1.57 million shares and a turnover of 8.704 billion [2] - Industrial Fulian (601138) at 72.00, down 7.66% with a trading volume of 2.463 million shares and a turnover of 18.181 billion [2] - Deep Technology (000021) at 27.30, down 6.38% with a trading volume of 1.4068 million shares and a turnover of 3.892 billion [2] Capital Flow - The consumer electronics sector saw a net outflow of 7.554 billion from institutional investors, while retail investors contributed a net inflow of 5.651 billion [2] - The capital flow for specific stocks showed: - Changying Precision (300115) had a net inflow of 681 million from institutional investors [3] - Litong Electronics (603629) experienced a net inflow of 102 million from institutional investors [3] - Heertai (002402) had a significant net outflow of 8.704 billion from institutional investors [3]