Group 1 - The core viewpoint of the article is that Zhengxian Electric (688395.SH) has been actively expanding its business in the European Union market over the past two years, achieving small batch orders for exports to EU countries [1] Group 2 - The company has maintained a consistent focus on the EU market, indicating a strategic commitment to international expansion [1] - The successful execution of small batch orders suggests that the company is beginning to establish a foothold in the competitive EU market [1]

格隆汇12月17日丨正弦电气(688395.SH)在互动平台表示，近两年公司持续保持对欧盟市场的业务拓 展，目前已有小批量订单实现对欧盟国家的出口。 ...

Market Overview - The Shanghai Composite Index closed at 3889.35 points, with a change of 0.41% [1] - The total trading volume of A-shares reached 2119.01 billion yuan [1] Technical Analysis - 28 A-shares experienced a crossover where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Hengfeng Information: -0.95% - Huaxia Happiness: -0.87% - Haitai New Light: -0.79% [1] Individual Stock Performance - Hengfeng Information (300605) saw a decline of 6.66% with a turnover rate of 18.06% [1] - Huaxia Happiness (600340) decreased by 1.63% with a turnover rate of 7.60% [1] - Haitai New Light (688677) increased by 1.19% with a turnover rate of 0.80% [1] - Jiangsu Beiren (688218) fell by 1.35% with a turnover rate of 3.68% [1] - Shenhui Technology (300853) decreased by 0.99% with a turnover rate of 2.24% [1] - Other notable declines include: - Zhongke Tongda (688038): -1.51% - Zhongke Information (300678): -0.37% - Fa Lion (605318): -0.91% [1] Additional Stock Movements - Stocks with minor declines include: - New Times (002527): -0.45% - Shanghai Environment (601200): -0.62% - Mind Electronics (300656): +0.29% [2] - The stock performance of various companies indicates a mixed market sentiment, with some stocks showing resilience while others face downward pressure [2]

证券日报网讯 12月11日晚间，正弦电气发布公告称，公司于近日收到立信会计师事务所（特殊普通合 伙）（简称"立信会计师事务所"）出具的《关于变更公司2025年度审计报告项目合伙人的函》。立信会 计师事务所作为公司2025年度财务报表及内部控制审计机构，原指派项目合伙人宣宜辰女士、签字注册 会计师徐隆岚先生为公司提供审计服务；因原项目合伙人宣宜辰女士工作安排调整，项目合伙人由宣宜 辰女士变更为陈雷先生，徐隆岚先生仍为签字注册会计师，继续完成公司2025年度财务报表及内部控制 审计相关工作。 （编辑 任世碧） ...

公司于近日收到立信会计师事务所出具的《关于变更公司 2025 年度审计报告项 目合伙人的函》，现将具体情况公告如下： 一、项目合伙人变更情况 立信会计师事务所作为公司 2025 年度财务报表及内部控制审计机构，原指派项 目合伙人宣宜辰女士、签字注册会计师徐隆岚先生为公司提供审计服务；因原项目合 伙人宣宜辰女士工作安排调整，项目合伙人由宣宜辰女士变更为陈雷先生，徐隆岚先 生仍为签字注册会计师，继续完成公司 2025 年度财务报表及内部控制审计相关工作。 二、本次变更项目合伙人基本情况 证券代码：688395 证券简称：正弦电气 公告编号：2025-050 深圳市正弦电气股份有限公司 关于变更会计师事务所项目合伙人的公告 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、准确性和完整性依法承担法律责任。 深圳市正弦电气股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第 五届董事会第八次会议、第五届监事会第七次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，审议通过了《关于续聘 2025 年度会计师事务所的议案》，同 ...

Group 1 - The core viewpoint of the news is that Zhengxian Electric experienced a decline in stock price and trading volume, with significant changes in financing and stockholder metrics [1][2]. Group 2 - On November 21, Zhengxian Electric's stock fell by 5.58%, with a trading volume of 27.59 million yuan. The financing data showed a net financing outflow of 0.90 million yuan for the day [1]. - As of November 21, the total balance of margin trading for Zhengxian Electric was 33.87 million yuan, accounting for 1.65% of its market capitalization, which is below the 10th percentile level over the past year [1]. - The company had no short selling activity on November 21, with a short selling balance of 0 yuan, indicating a high level of short selling compared to the 90th percentile over the past year [1]. Group 3 - As of September 30, the number of shareholders for Zhengxian Electric was 4,665, a decrease of 9.38% from the previous period, while the average circulating shares per person increased by 10.35% to 18,563 shares [2]. - For the period from January to September 2025, Zhengxian Electric reported a revenue of 329 million yuan, representing a year-on-year growth of 18.03%, while the net profit attributable to shareholders decreased by 3.75% to 29.52 million yuan [2]. Group 4 - Zhengxian Electric has distributed a total of 83.17 million yuan in dividends since its A-share listing, with 43.95 million yuan distributed over the past three years [3]. - As of September 30, 2025, the ninth largest circulating shareholder of Zhengxian Electric is the Nuoan Multi-Strategy Mixed Fund A, which holds 593,000 shares as a new shareholder [3].

深圳市正弦电气股份有限公司 关于参加 2025 年度深圳辖区上市公司 投资者网上集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 证券代码：688395 证券简称：正弦电气 公告编号：2025-049 届时公司董事长兼总经理涂从欢先生、独立董事蔡贵龙先生、董事会秘书邹 敏女士、财务总监杨龙先生将在线就公司业绩、公司治理、发展战略、经营状况、 融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交 流，欢迎广大投资者踊跃参与！ 特此公告。 深圳市正弦电气股份有限公司董事会 2025 年 11 月 15 日 为进一步加强与投资者的互动交流，深圳市正弦电气股份有限公司（以下简 称"公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公司 协会与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司投资者 网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登陆"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全 ...

Core Insights - The company reported a total revenue of 329 million yuan for Q3 2025, representing an 18.03% year-on-year increase, while the net profit attributable to shareholders decreased by 3.75% to 29.5168 million yuan [1] - The company's accounts receivable is notably high, with accounts receivable accounting for 349.06% of the latest annual net profit [3] - The gross margin decreased to 32.7%, down 9.37% year-on-year, and the net margin fell to 8.98%, a decline of 18.46% [1] Financial Performance - Total revenue for Q3 2025 was 1.09 billion yuan, up 20.45% year-on-year, while net profit for the same quarter was 7.6409 million yuan, an increase of 5.41% [1] - The company’s operating cash flow per share increased by 15.38% to 0.28 yuan, while earnings per share decreased by 5.56% to 0.34 yuan [1] - The total of selling, administrative, and financial expenses was 48.7357 million yuan, accounting for 14.82% of revenue, a decrease of 3.07% year-on-year [1] Debt and Cash Flow - The company’s cash assets are reported to be very healthy, with cash funds increasing by 110.40% to 136 million yuan [1][4] - Interest-bearing liabilities surged by 1221.68% to 1.6214 million yuan, indicating a significant increase in debt [1] Business Model and Market Strategy - The company’s business model relies heavily on research and marketing efforts, which require careful examination of the underlying drivers [4] - The overseas market has been established in regions including Europe, Southeast Asia, South Asia, and the CIS, with plans to enhance competitiveness through improved channel networks and localized product adaptations [5]

Core Viewpoint - The company reported a year-on-year increase in revenue and net profit for the third quarter, indicating positive financial performance and growth potential [1] Financial Performance - The company achieved operating revenue of 109 million yuan in the third quarter, representing a year-on-year growth of 20.45% [1] - The net profit attributable to shareholders of the listed company was 7.64 million yuan, showing a year-on-year increase of 5.41% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 5.81 million yuan, reflecting a year-on-year growth of 2.02% [1] - The basic earnings per share were reported at 0.09 yuan [1]

Core Insights - The company reported a revenue of 329 million yuan for the first three quarters of 2025, representing a year-on-year growth of 18.03% [1] - The net profit attributable to shareholders decreased to 29 million yuan, reflecting a year-on-year decline of 3.75% [1] - Basic earnings per share were 0.34 yuan, down 5.56% compared to the previous year [1]