Group 1 - The core point of the news is that Tonglian Precision has experienced a decline in stock price, dropping by 5.21% to 58.20 CNY per share, with a total market capitalization of 9.393 billion CNY [1] - The company, Shenzhen Tonglian Precision Manufacturing Co., Ltd., specializes in the research, design, production, and sales of high-precision, high-density, and complex-shaped precision components, with its main business revenue composition being 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 others [1] - The company was established on June 12, 2016, and went public on December 27, 2021 [1] Group 2 - Minsheng Jia Yin Fund has a significant holding in Tonglian Precision, with its fund, Minsheng Jia Yin Ju You Selected Mixed A (013296), reducing its stake by 6.48 million shares in the third quarter, now holding 240,000 shares, which accounts for 9.51% of the fund's net value [2] - The fund has reported a floating loss of approximately 768,000 CNY due to the stock's decline [2] - The fund was established on October 14, 2021, with a current size of 155 million CNY, achieving a year-to-date return of 13.91% and a one-year return of 37.22% [2]

Core Viewpoint - The company, Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd., has announced the progress and results of its share repurchase plan, which aims to utilize repurchased shares for employee stock ownership plans or equity incentives. Group 1: Share Repurchase Approval and Plan - The company approved a share repurchase plan on November 4, 2024, allowing the use of self-owned funds and special loans for repurchase, with a maximum price of 30.30 CNY per share and a total fund amount between 50 million CNY and 100 million CNY [2] - The repurchase period is set for 12 months from the board's approval date, with further details disclosed on November 6 and November 12, 2024 [2] Group 2: Adjustments to Repurchase Price - Following the implementation of the 2024 annual equity distribution, the maximum repurchase price was adjusted from 30.30 CNY to 30.15 CNY per share [3] - On October 15, 2025, the board approved a further adjustment of the maximum repurchase price to 75.85 CNY per share, while other aspects of the repurchase plan remained unchanged [3] Group 3: Implementation of Share Repurchase - The company initiated its first share repurchase on December 30, 2024, and disclosed the details on December 31, 2024 [4] - As of November 3, 2025, the company had repurchased a total of 2.366948 million shares, accounting for 1.4665% of the total share capital, with a total expenditure of approximately 50.03 million CNY [4][5] Group 4: Impact on Company Operations - The share repurchase is not expected to significantly impact the company's daily operations, financial status, or future development, and will not alter the control of the company [5] Group 5: Shareholder Transactions During Repurchase Period - During the repurchase period, the controlling shareholder and related parties sold a total of 4.807239 million shares from September 2 to September 5, 2025 [5] Group 6: Future Plans for Repurchased Shares - The repurchased shares will be used for employee stock ownership plans or equity incentive plans; if not utilized within three years, the company will proceed with capital reduction and cancellation of untransferred shares [9]

Group 1 - The company, Tonglian Precision, announced the completion of its share repurchase plan as of November 3, 2025 [2] - A total of 2.366948 million shares were repurchased, representing 1.4665% of the company's current total share capital [2]

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 | | | | | ...

Core Viewpoint - The company Tonglian Precision (688210.SH) has completed its share repurchase plan, which was set to expire on November 3, 2025, and has successfully executed the buyback of shares [1] Summary by Categories Share Repurchase Details - The company repurchased a total of 2,366,948 shares, which accounts for 1.4665% of the current total share capital [1] - The highest price paid for the repurchased shares was 64.42 CNY per share, while the lowest price was 14.58 CNY per share [1] - The total amount spent on the share repurchase was 50.027726 million CNY, excluding transaction fees such as stamp duty and trading commissions [1]

Company Summary - Tonglian Precision (SH 688210) announced the completion of its share repurchase plan as of November 3, 2025, having repurchased approximately 2.3669 million shares, accounting for 1.4665% of the total share capital, with a total expenditure of approximately RMB 50.0277 million [1][1][1] - The highest repurchase price was RMB 64.42 per share, while the lowest was RMB 14.58 per share [1][1][1] - As of the report date, Tonglian Precision has a market capitalization of RMB 9.9 billion [1][1][1] Industry Summary - The industry is experiencing a significant increase in overseas orders, with a reported surge of 246%, covering over 50 countries and regions [1][1][1] - Entrepreneurs have raised concerns about potential malicious competition, as some entities are selling products at a loss [1][1][1]

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]

Group 1 - The core point of the news is that Tonglian Precision (688210.SH) has seen significant institutional interest, with 42 institutional investors holding a total of 53.9 million shares, representing 33.39% of the total share capital as of October 30, 2025 [1] - The top ten institutional investors collectively hold 28.19% of the shares, with an increase of 1.51 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings, accounting for a 0.55% increase, while six funds decreased their holdings, representing a 0.36% decrease [2] - A total of 26 new public funds disclosed their holdings in Tonglian Precision, while 100 funds did not disclose their holdings in the current period [2] - One social security fund, specifically the Huaxia Fund Management Co., Ltd. - Social Security Fund 422 Combination, has newly disclosed its holdings in Tonglian Precision [2]

Core Insights - Tonglian Precision experienced a stock price increase of 5.12%, reaching 61.58 CNY per share, with a trading volume of 144 million CNY and a turnover rate of 1.50%, resulting in a total market capitalization of 9.939 billion CNY [1] Company Overview - Shenzhen Tonglian Precision Manufacturing Co., Ltd. was established on June 12, 2016, and went public on December 27, 2021. The company specializes in the research, design, production, and sales of high-precision, high-density, complex-shaped, and aesthetically pleasing precision components [1] - The 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] Shareholder Insights - In the third quarter, Invesco Great Wall Fund's "Invesco Great Wall Steady Return Mixed A Class" (001194) entered the top ten circulating shareholders of Tonglian Precision, holding 2.5323 million shares, which accounts for 1.57% of the circulating shares. The estimated floating profit for today is approximately 7.5969 million CNY [2][4] - The fund was established on April 10, 2015, with a latest scale of 2.157 billion CNY. Year-to-date returns are 116.44%, ranking 28 out of 8154 in its category, while the one-year return is 122.4%, also ranking 28 out of 8046 [2] Fund Management - The fund manager of Invesco Great Wall Steady Return Mixed A Class is Jiang Shan, who has been in the position for 4 years and 81 days. The total asset scale of the fund is 36.787 billion CNY, with the best return during his tenure being 209.33% and the worst being -16.09% [3]