Core Viewpoint - Nanjing Cigu Technology Co., Ltd. will hold a Q3 2025 performance briefing on December 3, 2025, to discuss its operational results and financial status with investors [2][3][4]. Group 1: Meeting Details - The performance briefing is scheduled for December 3, 2025, from 10:00 AM to 11:00 AM [2][6]. - The meeting will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [5][6]. - Investors can submit questions from November 26, 2025, to December 2, 2025, before 4:00 PM [2][7]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center website [4][5]. - The company will address commonly asked questions during the briefing [3][7]. - Contact information for inquiries includes the company's securities department, with a phone number and email provided [7].

证券代码：688448 证券简称：磁谷科技 公告编号：2025-044 南京磁谷科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 南京磁谷科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布 公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度的经营成果、财务状况，公司计划于 2025 年 12 月 3 日（星期三）上午 10:00- 11:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、方式 （一）会议召开时间：2025 年12 月3 日上午10:00-11:00 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。 重要内容提示： ● 会议召开时间：2025 年12 月3 日（星期三）上午10:00 ...

Group 1 - The core point of the article is that Magu Technology (688448.SH) announced the completion of a share reduction plan by shareholder Xu Longxiang, who has reduced his holdings by 613,172 shares, accounting for 0.86% of the company's total share capital [1] Group 2 - Xu Longxiang completed the share reduction through centralized bidding transactions [1] - The reduction plan was fully implemented as of November 17, 2025 [1]

Group 1 - The core point of the news is that Maggu Technology (SH 688448) announced the completion of a share reduction plan by shareholder Xu Longxiang, who has reduced his holdings by 613,172 shares, accounting for 0.86% of the company's total share capital [1] - As of November 18, 2023, the market capitalization of Maggu Technology is 3.4 billion yuan [2] Group 2 - For the fiscal year 2024, the revenue composition of Maggu Technology is as follows: 93.06% from the general equipment industry and 6.94% from other businesses [1]

证券代码：688448 证券简称：磁谷科技 公告编号：2025-043 南京磁谷科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 股东持股的基本情况 本次减持计划实施前，南京磁谷科技股份有限公司（以下简称"公司"） 股东、董事、核心技术人员徐龙祥先生持有公司股份 4,753,477 股，占公 司总股本的 6.63%。上述股份来源于公司首次公开发行前取得的股份，已 于 2024 年 3 月 21 日起上市流通。 减持计划的实施结果情况 公司于 2025 年 10 月 15 日在上海证券交易所网站（www.sse.com.cn） 披露了《股东减持股份计划公告》（公告编号：2025-039）。股东徐龙祥先 生因自身资金需求，拟通过集中竞价的方式减持其持有的公司股份合计不 超过 613,400 股，即不超过公司总股本的 0.86%。本次减持期间，自该公 告披露之日起 15 个交易日后的 3 个月内进行，且在任意连续 90 个自然日 内减持股份的总数不超过公司股份总数 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [48]. Core Insights - The mechanical industry is experiencing steady growth, with significant developments in the low-altitude economy and manufacturing mid-test platforms, which are expected to enhance investment vitality and safety regulation [3][4]. - The report highlights a recent decline in the mechanical equipment sector, with a drop of 2.22% from November 9 to November 14, 2025, underperforming the broader market indices [10][12]. - Key sectors such as low-altitude economy and engineering machinery are projected to maintain a stable growth trajectory, supported by government initiatives and infrastructure investments [4][5]. Weekly Market Review - From November 9 to November 14, 2025, the Shanghai Composite Index fell by 0.18%, while the Shenzhen Component Index and the ChiNext Index decreased by 1.40% and 3.01%, respectively [10]. - The sub-sectors within the mechanical equipment industry, including general equipment, specialized equipment, and engineering machinery, experienced declines of 1.17%, 0.88%, and 5.07%, respectively [10][13]. Key Sector Tracking - The low-altitude economy sector has seen important progress, with the State Council issuing measures to encourage private investment in infrastructure, which is expected to bolster the industry's development [3]. - The Ministry of Industry and Information Technology has initiated plans to accelerate the systematic layout and high-level construction of manufacturing mid-test platforms, aiming for a robust service network by the end of 2027 [4][20]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and WanFeng Aowei [5]. - In the mechanical equipment sector, companies such as Sany Heavy Industry, XCMG, and Huazhong CNC are highlighted as potential investment opportunities [5].

Group 1 - The core point of the news is that Maglev Technology Co., Ltd. has seen a significant stock price increase of 5.28% on November 14, reaching 49.85 yuan per share, with a total market capitalization of 3.572 billion yuan and a cumulative increase of 26.6% over the past three days [1] - The company, established on September 22, 2006, specializes in the research, production, and sales of magnetic suspension fluid machinery, magnetic suspension bearings, high-speed motors, and high-speed drives, with 84.85% of its main business revenue coming from magnetic suspension air products [1] - The trading volume for the day was 279 million yuan, with a turnover rate of 11.99% [1] Group 2 - Among the top ten circulating shareholders of Maglev Technology, the Agricultural Bank of China Asset Management's fund, specifically the Agricultural Bank New Energy Mixed A (002190), has entered the list, holding 1.1115 million shares, which accounts for 2.32% of the circulating shares [2] - The fund has gained approximately 2.7787 million yuan in floating profit today and 11.0594 million yuan during the three-day price increase [2] - The Agricultural Bank New Energy Mixed A fund was established on March 29, 2016, with a current scale of 8.786 billion yuan and a year-to-date return of 36.47%, ranking 2331 out of 8140 in its category [2]

Group 1 - The core viewpoint of the news is that Maglev Technology has seen a significant stock price increase, with a 5.28% rise on November 14, reaching 49.85 yuan per share, and a cumulative increase of 26.6% over three days [1] - The company, Nanjing Maglev Technology Co., Ltd., specializes in the research, production, and sales of magnetic suspension fluid machinery, magnetic suspension bearings, high-speed motors, and high-speed drives, with 84.85% of its revenue coming from magnetic suspension air products [1] - The total market capitalization of Maglev Technology is reported to be 35.72 billion yuan, with a trading volume of 2.79 billion yuan and a turnover rate of 12.03% [1] Group 2 - Huaxia Fund's Huaxia Leading Stock Fund (001042) has entered the top ten circulating shareholders of Maglev Technology, holding 729,000 shares, which is 1.52% of the circulating shares [2] - The fund has generated a floating profit of approximately 182.24 million yuan today and a total of 725.33 million yuan during the three-day price increase [2][4] - The fund manager, Wang Xiaoli, has a tenure of over 10 years, with the fund's best return during his management being 82.9% and the worst being -39.85% [3]

Core Insights - The total margin financing balance on the STAR Market decreased by 0.87 billion yuan to 258.26 billion yuan as of November 12, marking a continuous decline for four trading days [1][2] - The highest margin financing balance is held by Cambrian, with a balance of 14.645 billion yuan, followed by SMIC and Haiguang Information with balances of 13.756 billion yuan and 8.060 billion yuan respectively [1][2] - In terms of margin trading, 234 stocks saw an increase in financing balance, while 352 stocks experienced a decrease [1][2] Margin Financing Summary - The total margin financing balance is 258.26 billion yuan, down by 0.87 billion yuan from the previous trading day [1] - The highest margin financing stocks include: - Cambrian: 14.645 billion yuan - SMIC: 13.756 billion yuan - Haiguang Information: 8.060 billion yuan [1] - Notable increases in financing balance: - Magv Technology: +41.85% - Jindike: +34.50% - Yuanjie Technology: +20.74% [1][2] - Significant decreases in financing balance: - Wanrun New Energy: -25.13% - Elon Technology: -17.69% - XGIMI Technology: -15.33% [1][2] Margin Short Selling Summary - The total margin short selling balance is 0.899 billion yuan, down by 19.8591 million yuan from the previous trading day [1][2] - The highest margin short selling stocks include: - Haiguang Information: 0.039 billion yuan - Cambrian: 0.031 billion yuan - SMIC: 0.028 billion yuan [2] - Notable increases in short selling balance: - Foxit Software: +177.52% - Yirui Technology: +149.76% - Weimaisi: +76.58% [2] - Significant decreases in short selling balance: - Chengdu Xian Dao: -74.75% - Zhenhua Wind Power: -58.62% - Liyuanheng: -58.37% [2]

Market Performance - The Sci-Tech Innovation Board (STAR Market) index fell by 0.58%, closing at 1379.45 points, with a total trading volume of 4.193 billion shares and a turnover of 181.687 billion yuan, resulting in an average turnover rate of 2.19% [1] - Among the tradable stocks on the STAR Market, 188 stocks closed higher, with 3 stocks rising over 10% and 9 stocks rising between 5% and 10%. Conversely, 396 stocks closed lower, with 7 stocks declining over 10% [1] Turnover Rate Analysis - The turnover rate distribution shows that 3 stocks had a turnover rate exceeding 20%, 14 stocks had a turnover rate between 10% and 20%, and 45 stocks had a turnover rate between 5% and 10% [1] - The highest turnover rate was recorded by Magu Technology at 30.12%, closing up by 5.39%, with a transaction amount of 670 million yuan. He Yuan Biological followed with a turnover rate of 27.54%, closing up by 2.90%, with a transaction amount of 990 million yuan [1][3] Stock Performance - In terms of stock performance, among the stocks with a turnover rate exceeding 5%, 27 stocks rose today, with the highest increases seen in Dekoli (up 11.93%), Ruikeda (up 11.00%), and Yingfang Software (up 8.61%). Conversely, the largest declines were in Artis (down 14.33%), Lais Information (down 12.20%), and World (down 11.12%) [2] - The electronic industry had the most stocks with a turnover rate exceeding 5%, totaling 18 stocks, followed by the power equipment and pharmaceutical sectors with 14 and 9 stocks, respectively [2] Capital Flow - Among the high turnover stocks, 30 stocks experienced net inflows of main funds, with the largest inflows in Shijia Photon (188 million yuan), Baijishenzhou (178 million yuan), and Dekoli (151 million yuan). In contrast, Tianhe Energy, Jinpan Technology, and Artis saw the largest net outflows, totaling 445 million yuan, 180 million yuan, and 163 million yuan, respectively [2] - Recent leverage fund movements indicate that 46 stocks received net purchases of leveraged funds, with the largest increases in financing balances for Artis (552 million yuan), Purun Shares (289 million yuan), and Jinpan Technology (267 million yuan). Conversely, the largest decreases were seen in Jiehuate, Foxit Software, and Xinxiangwei, with reductions of 183 million yuan, 177 million yuan, and 166 million yuan, respectively [2]