Core Viewpoint - Boliview (688345) reported significant growth in its Q3 2025 financial results, driven by market demand changes and proactive market expansion efforts [1] Financial Performance - Q3 revenue reached 731 million, representing a year-on-year increase of 63.62% [1] - Net profit for Q3 was 12.52 million, showing a remarkable year-on-year growth of 6785.57% [1] - For the first three quarters, net profit totaled 48.54 million, reflecting a year-on-year increase of 316.77% [1] Market Dynamics - The revenue growth is attributed to changes in market demand and the company's active market development strategies, leading to a year-on-year increase in business volume [1]

Core Insights - The 138th Canton Fair has seen a significant influx of global buyers, with a focus on industrial matchmaking in Dongguan, a renowned manufacturing city in China [2][5] - Dongguan's participation as a "City of Manufacturing Aesthetics" has resulted in a substantial intended transaction amount of $530 million, reflecting a 15.2% increase compared to the previous session [5] Group 1: Event Overview - The Canton Fair's second phase commenced on October 23, attracting over ten global buyers from countries such as Russia, Egypt, Argentina, Libya, and Canada to Dongguan for targeted industrial matchmaking [2] - The "Manufacturing Aesthetics" tour organized in Dongguan included visits to four local companies, facilitating direct interactions between buyers and manufacturers [2][3] Group 2: Buyer Insights - Elfrid, a buyer from Libya, expressed the value of the event, highlighting the opportunity to see the entire manufacturing process and personally test product quality [3] - Red Dull, a buyer from Brazil, noted the importance of clean energy in global industrial development and showed interest in collaborating with a local electric vehicle parts manufacturer after observing new technology products [5] Group 3: Company Perspectives - Dongguan companies, such as Guangdong Haixin Intelligent Kitchen Co., are actively seeking partnerships with international buyers, emphasizing the importance of product design, quality, and pricing in negotiations [3] - Dongguan Getiana Shoe Bag Manufacturing Co. is expanding into South American and African markets, focusing on product series and cost-effectiveness to meet the needs of new customers [7]

Core Viewpoint - The company, Boliwei (688345.SH), has reported a reduction in shareholding by key stakeholders, indicating a potential shift in ownership dynamics and investor sentiment [1] Shareholding Changes - Mr. Zhang Zhiping reduced his shareholding by 723,000 shares through block trading from October 15 to October 20, 2025, representing 0.71% of the total share capital [1] - Zhuhai Boguang Juliyi Enterprise Management Partnership (Limited Partnership) sold 100,000 shares on October 21, 2025, through centralized bidding, accounting for 0.10% of the total share capital [1] - Following these transactions, the combined shareholding of Mr. Zhang Zhiping, Boguang Juliyi, and their concerted parties decreased from 73,324,800 shares to 72,501,800 shares, reducing their total ownership from 72.49% to 71.68%, which triggers a 1% threshold change [1]

2.信息披露义务人信息 证券代码：688345 证券简称：博力威 公告编号：2025-047 广东博力威科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 张志平、刘聪、深圳昆仑鼎天投资有限公司（有限合伙）、珠海乔戈里企业 管理合伙企业（有限合伙）及珠海博广聚力企业管理合伙企业（有限合伙）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。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 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） | | | | 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 72.49% 权益变动后合计比例 71.68% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否☑ ...

Summary of Key Points Core Viewpoint - On October 20, a block trade of 233,000 shares of Bolivian was executed at a price of 27.80 yuan, representing a discount of 29.35% compared to the closing price of the day [2] Trading Activity - The total transaction amount for the block trade was 6.4771 million yuan [2] - Over the past three months, Bolivian has recorded a total of 6 block trades, with a cumulative transaction amount of 59.8225 million yuan [2] Stock Performance - The closing price of Bolivian on the same day was 39.35 yuan, reflecting an increase of 13.56% [2] - The daily turnover rate was 4.21%, with a total trading volume of 161 million yuan [2] - There was a net inflow of main funds amounting to 5.7491 million yuan for the day [2] - Over the past five days, the stock has increased by 5.52%, but there was a cumulative net outflow of funds amounting to 9.1870 million yuan [2] Margin Trading Data - The latest margin balance for Bolivian is 57.0277 million yuan, which has decreased by 5.7172 million yuan over the past five days, representing a decline of 9.11% [2]

Core Viewpoint - On October 20, a total of 9 stocks from the Sci-Tech Innovation Board (STAR Market) experienced block trading, with a cumulative transaction amount of 165 million yuan [1][2]. Group 1: Trading Overview - There were 23 block trades executed, totaling a volume of 2.4156 million shares and an aggregate transaction value of 165 million yuan [1]. - The stock with the highest transaction amount was Bawei Storage, with 3 block trades totaling 536,026 shares and a transaction value of 50.3626 million yuan [1]. - Other notable stocks in terms of transaction value included Honghua Digital Science and Dameng Data, with transaction amounts of 43.7311 million yuan and 18.8032 million yuan, respectively [1]. Group 2: Price Performance - The average discount rates for block trades relative to the closing prices were highest for Bolivian, Dameng Data, and Dekeli, with discount rates of 29.36%, 20.75%, and 12.24% respectively [1]. - Stocks with the highest premium rates included Dize Pharmaceutical and Lair Technology, both at 0.06% [1]. - The STAR 50 Index rose by 0.35%, with 447 stocks (76.02%) on the STAR Market increasing in value, while the average increase for stocks involved in block trading was 1.75% [1]. Group 3: Institutional Participation - Among the block trades, there were 5 transactions involving institutional buyers or sellers, covering 3 stocks [2]. - The leading stocks for institutional buying were Bawei Storage and Honghua Digital Science, with buying amounts of 46.98 million yuan and 9.8986 million yuan, respectively [2]. - The stocks with the highest net inflow of funds included Dekeli, Dize Pharmaceutical, and Bawei Storage, with net inflows of 82.1361 million yuan, 25.2536 million yuan, and 6.3566 million yuan, respectively [2].

Group 1 - A total of 56 stocks in the A-share market experienced block trading today, with a total transaction value of 1.168 billion yuan [1] - The top three stocks by transaction value were Hengli Petrochemical (220 million yuan), Wantong Development (99.9929 million yuan), and Chuangye Huikang (68.4 million yuan) [1] - Among the stocks, 7 were traded at par, 4 at a premium, and 45 at a discount; the highest premium rates were for Aidi Precision (4.02%), Hengli Petrochemical (0.86%), and Lier Technology (0.06%) [1] Group 2 - The stocks with the highest discount rates included Boliview (29.35%), Yuxin Electronics (21.36%), and Zhongji Xuchuang (21.09%) [1] - The ranking of institutional buy amounts showed Chuangye Huikang leading with 66.24 million yuan, followed by Jinlong Co. (51.3405 million yuan) and Baiwei Storage (46.98 million yuan) [1] - The top three stocks by institutional sell amounts were Longqi Technology (13.008 million yuan),招商公路 (6.156 million yuan), and Dize Pharmaceutical-U (4.3532 million yuan) [2]

Core Insights - On October 20, Boliview executed a block trade of 233,000 shares, amounting to 6.4771 million yuan, which represented 3.87% of the total trading volume for the day [1] - The transaction price was 27.8 yuan, reflecting a discount of 29.35% compared to the market closing price of 39.35 yuan [1] Summary by Categories Trading Activity - The block trade involved 233,000 shares of Boliview, with a total transaction value of 6.4771 million yuan [2] - The trade accounted for 3.87% of the total trading volume on that day [1] Pricing Details - The executed price of the shares was 27.8 yuan, which is significantly lower than the market closing price of 39.35 yuan, indicating a discount of 29.35% [1]

Core Viewpoint - The solid-state battery concept is gaining momentum, with several stocks, including Haike New Energy and Kewell, rising over 10% following Chery Automobile's announcement of technological breakthroughs in the solid-state battery industry chain [1] Group 1: Market Reaction - Solid-state battery stocks experienced significant gains, with Haike New Energy, Kewell, Huasheng Lithium Battery, and Zhuhai Guanyu all rising over 10% [1] - Other companies such as Boliview, Xiangtan Electric, Guoxuan High-Tech, and Zhongke Electric also showed notable increases in stock prices [1] Group 2: Technological Advancements - On October 18, Chery Automobile announced at the 2025 Chery Global Innovation Conference that it has achieved a full industry chain technology breakthrough in solid-state batteries [1] - Chery showcased the Rhino S all-solid-state battery module, which is expected to enhance the range of electric vehicles to 1200-1300 kilometers after installation [1]

Group 1 - The core point of the news is that Boliwei's stock price dropped by 5.02% to 34.97 CNY per share, with a total market capitalization of 3.537 billion CNY as of the report date [1] - Boliwei Technology Co., Ltd. specializes in the research, production, sales, and service of green and environmentally friendly lithium-ion battery packs and cells, with its main revenue sources being: 46.21% from lightweight vehicle lithium-ion batteries, 21.91% from consumer electronics batteries, 17.72% from energy storage batteries, and 5.12% from lithium battery cells [1] Group 2 - Huashang Fund has a significant holding in Boliwei, with the Huashang Quality Selection Mixed A Fund (014558) holding 49,700 shares, representing 1.23% of the fund's net value, making it the ninth-largest holding [2] - The Huashang Quality Selection Mixed A Fund has achieved a year-to-date return of 55.47% and a one-year return of 67.25%, ranking 529 out of 8160 and 451 out of 8021 respectively [2] Group 3 - The fund manager of Huashang Quality Selection Mixed A is Deng Mo, who has been in the position for 10 years and 42 days, with the fund's total asset size at 2.044 billion CNY [3] - During Deng Mo's tenure, the best fund return was 139.6%, while the worst return was -41.84% [3]