Quantitative Factors and Construction Methods - **Factor Name**: Large Buy Order Transaction Amount Ratio **Construction Idea**: This factor captures the buying behavior of large funds by analyzing the proportion of large buy orders in the total transaction amount for a given day[8] **Construction Process**: 1. Utilize tick-by-tick transaction data to identify buy and sell orders based on bid and ask sequence numbers[8] 2. Filter transactions by volume to identify large orders[8] 3. Calculate the proportion of large buy order transaction amounts to the total transaction amount for the day[8] **Evaluation**: This factor effectively reflects the behavior of large funds in the market[8] - **Factor Name**: Net Active Buy Transaction Amount Ratio **Construction Idea**: This factor measures the active buying behavior of investors by calculating the net active buy transaction amount as a proportion of the total transaction amount for a given day[8] **Construction Process**: 1. Use tick-by-tick transaction data to classify each transaction as either active buy or active sell based on the buy/sell flag[8] 2. Subtract the active sell transaction amount from the active buy transaction amount to obtain the net active buy transaction amount[8] 3. Calculate the proportion of net active buy transaction amount to the total transaction amount for the day[8] **Evaluation**: This factor effectively captures the active buying behavior of investors in the market[8] --- Factor Backtesting Results Large Buy Order Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Stone Machinery (000852.SZ): 88.4%, 99.2% time-series percentile[10] 2. ShenKai Shares (002278.SZ): 87.0%, 100.0% time-series percentile[10] 3. Oriental Garden (002310.SZ): 86.4%, 96.7% time-series percentile[10] 4. Wuhan Holdings (600168.SH): 86.1%, 97.1% time-series percentile[10] 5. Guangtian Group (002482.SZ): 85.5%, 91.4% time-series percentile[10] 6. Zhengbang Technology (002157.SZ): 85.4%, 99.2% time-series percentile[10] 7. Oriental Electric Heating (300217.SZ): 85.4%, 97.5% time-series percentile[10] 8. Nengte Technology (002102.SZ): 85.3%, 83.6% time-series percentile[10] 9. Xianfeng Holdings (002141.SZ): 85.3%, 97.5% time-series percentile[10] 10. Qingsong Jianhua (600425.SH): 85.1%, 93.4% time-series percentile[10] Net Active Buy Transaction Amount Ratio - **Top 10 Stocks (20251020-20251024)**: 1. Tangshan Port (601000.SH): 20.7%, 97.1% time-series percentile[11] 2. Changqing Shares (603768.SH): 17.0%, 100.0% time-series percentile[11] 3. Shuangyuan Technology (688623.SH): 16.3%, 99.6% time-series percentile[11] 4. Guotou Power (600886.SH): 16.3%, 98.0% time-series percentile[11] 5. Fenglong Shares (002931.SZ): 16.0%, 100.0% time-series percentile[11] 6. Gongdong Medical (605369.SH): 14.9%, 99.2% time-series percentile[11] 7. Zhaoxun Media (301102.SZ): 14.8%, 100.0% time-series percentile[11] 8. Fantuo Digital Creation (301313.SZ): 14.6%, 100.0% time-series percentile[11] 9. Huali Group (300979.SZ): 14.6%, 99.6% time-series percentile[11] --- Broad Index Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: 75.2%, 61.5% time-series percentile[13] 2. SSE 50: 73.9%, 23.0% time-series percentile[13] 3. CSI 300: 75.5%, 77.9% time-series percentile[13] 4. CSI 500: 76.0%, 68.4% time-series percentile[13] 5. ChiNext Index: 75.2%, 76.6% time-series percentile[13] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Shanghai Composite Index: -0.8%, 78.7% time-series percentile[13] 2. SSE 50: 3.3%, 96.3% time-series percentile[13] 3. CSI 300: 2.3%, 95.1% time-series percentile[13] 4. CSI 500: 0.8%, 86.9% time-series percentile[13] 5. ChiNext Index: 5.3%, 100.0% time-series percentile[13] --- Industry Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Banking: 80.7%, 91.0% time-series percentile[14] 2. Steel: 79.5%, 3.3% time-series percentile[14] 3. Non-Banking Finance: 79.2%, 33.2% time-series percentile[14] 4. Comprehensive: 79.1%, 35.7% time-series percentile[14] 5. Real Estate: 78.7%, 34.0% time-series percentile[14] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Electronics: 8.0%, 74.2% time-series percentile[14] 2. Communication: 7.4%, 96.3% time-series percentile[14] 3. National Defense and Military Industry: 3.5%, 35.7% time-series percentile[14] 4. Computers: 2.6%, 89.3% time-series percentile[14] 5. Automobiles: 2.6%, 60.2% time-series percentile[14] --- ETF Backtesting Results - **Large Buy Order Transaction Amount Ratio (20251020-20251024)**: 1. Bosera China Education ETF: 91.2%, 100.0% time-series percentile[16] 2. Huaxia Growth ETF: 90.5%, 97.1% time-series percentile[16] 3. Fortune Shanghai Composite ETF: 90.0%, 94.7% time-series percentile[16] 4. Fortune Tourism Theme ETF: 89.6%, 97.5% time-series percentile[16] 5. Guotai Shanghai Composite ETF: 89.3%, 92.2% time-series percentile[16] - **Net Active Buy Transaction Amount Ratio (20251020-20251024)**: 1. Bosera Chip ETF: 15.6%, 93.0% time-series percentile[17] 2. E Fund Dividend ETF: 15.2%, 94.3% time-series percentile[17] 3. Huatai-PineBridge 2000 ETF: 15.0%, 100.0% time-series percentile[17] 4. Tianhong Growth ETF: 13.7%, 82.4% time-series percentile[17] 5. Huaxia Sci-Tech ETF: 13.6%, 91.4% time-series percentile[17]

Group 1 - Yonghe Co., Ltd. reported a net profit of 469 million yuan for the first three quarters, a year-on-year increase of 220.39% [1] - Jinli Permanent Magnet achieved a net profit of 515 million yuan, reflecting a year-on-year growth of 161.81% [1][2] - Sanhe Pharmaceutical Auxiliary's net profit increased by 8.28% year-on-year, reaching 133 million yuan [2] Group 2 - Jiahuan Technology experienced a net profit decline of 26.53%, totaling 55.35 million yuan [3] - Wuchan Huaneng reported a net profit decrease of 15.10%, amounting to 453 million yuan [3] - Chuan Investment Energy's net profit fell by 4.54%, totaling 4.22 billion yuan [4][5] Group 3 - Dayang Bio's net profit grew by 56.12%, reaching 80 million yuan [5] - Weili Medical reported a net profit increase of 14.94%, totaling 192 million yuan [6] - People's Tongtai's net profit decreased by 45.69%, amounting to 112 million yuan [7] Group 4 - Jiuhuan Bio received a medical device registration certificate for its NT-proBNP test kit [8] - Jincheng Pharmaceutical's subsidiary obtained a drug registration certificate for a specific injection [9] - Guangdian Yuntong's subsidiary acquired a money service operator license in Hong Kong [10] Group 5 - Dash Intelligent won a bid for a project worth 96 million yuan related to the Shijiazhuang subway [10] - Alloy Investment's net profit increased by 124.87%, reaching 7.26 million yuan [11] - Kaile Co., Ltd. reported a net profit growth of 159.14%, totaling 21.63 million yuan [12] Group 6 - Chuanjinno's net profit surged by 175.61%, reaching 304 million yuan [14] - Rijiu Optoelectronics reported a net profit increase of 36.54%, totaling 76.91 million yuan [15] - Dazhu CNC's net profit grew by 142.19%, amounting to 492 million yuan [15] Group 7 - Nairui Radar expects a net profit increase of 181% for the first three quarters [17] - Suzhou Tianmai successfully acquired land use rights for a new manufacturing project [19] - Aokai Pharmaceutical announced clinical research data for its innovative drug at a major conference [21][22] Group 8 - Jilin Aodong's subsidiary passed the consistency evaluation for a specific injection [24] - Qinxin Environment announced the resignation of a board member [25] - *ST Baoying is planning a change in control, leading to a stock suspension [26] Group 9 - Jianlang Hardware's director plans to reduce holdings by up to 500,000 shares [27] - Taihe Technology's director intends to reduce holdings by up to 606,000 shares [29] - Zhongyuan Securities announced a cash dividend of 0.008 yuan per share [31] Group 10 - Beijing-Shanghai High-Speed Railway plans to distribute a cash dividend of 0.0385 yuan per share [32] - Zhuhai Guanyu expects a net profit increase of 36.88%-55.54% for the first three quarters [34] - Shenglong Co., Ltd. reported a net loss of 72.95 million yuan for the first three quarters [36] Group 11 - Shuangyuan Technology plans to distribute a cash dividend of 0.125 yuan per share [38] - Shaanxi Guotou A reported a net profit increase of 6.6%, totaling 996 million yuan [40] - Sunshine Nuohua intends to invest 15 million yuan in a biotech company [41] Group 12 - Yangjie Technology's net profit increased by 45.51%, reaching 974 million yuan [42] - Xingwang Yuda reported a net profit growth of 260%, totaling 38.37 million yuan [43] - Tongyou Technology turned a profit with a net profit of 9.29 million yuan [44]

Core Points - The company announced a cash dividend of 0.125 CNY per share for the 2025 semi-annual period [1][3] - The dividend distribution plan was approved by the board on August 25, 2025, following authorization from the annual shareholders' meeting on May 19, 2025 [1][2] Distribution Plan - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the day before the equity registration date [2] - The total cash dividend to be distributed amounts to 7,324,838.00 CNY (including tax) based on a total share capital of 58,598,704 shares after accounting for repurchased shares [3][5] Dividend Calculation - The per-share cash dividend is calculated as approximately 0.1239 CNY after adjusting for the total share capital [5][6] - The reference price for ex-dividend trading will be adjusted based on the previous closing price minus the cash dividend [4][6] Implementation Details - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation's clearing system for shareholders who have completed designated transactions [7] - Specific shareholders, including certain investment management companies, will receive their dividends directly from the company [9] Taxation Information - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividend, while those holding for less than one year will have tax withheld upon sale of the shares [10][11] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.1125 CNY per share [12]

民生证券股份有限公司 关于浙江双元科技股份有限公司 差异化分红事项的核查意见 民生证券股份有限公司（以下简称"保荐机构"）作为浙江双元科技股份 有限公司（以下简称"双元科技"或"公司"）首次公开发行股票并在科创板上 市的保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 海证券交易所上市公司自律监管指引第7号——回购股份》等相关法律、行政法 规、部门规章及其他规范性文件相关规定，对双元科技2025年半年度利润分配所 涉及的差异化分红（以下简称"本次差异化分红"）相关事项进行了审慎核查， 并出具核查意见如下： 一、本次差异化分红原因 公司于2024年2月23日召开第二届董事会第二次会议，审议通过《关于以集 中竞价交易方式回购公司股份方案的议案》，同意公司使用首次公开发行人民币 普通股取得的部分超募资金通过上海证券交易所交易系统以集中竞价交易方式回 购公司部分股份，回购股份将用于员工持股计划或者股权激励。回购资金总额不 低于人民币3,000万元（含），不超过人民币5,000万元（含），回购价格不超过 人民币93.54元/股（含）。回购期限自公司董事会审议通过本次回购公司股份方 案之日起12个月内。 ...

证券代码：688623 证券简称：双元科技 公告编号：2025-044 浙江双元科技股份有限公司 2025年半年度权益分派实施公告 本公司董事会及全体董事保证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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/10/23 | 2025/10/24 | 2025/10/24 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 19 日的2024年年度股东大会授权董事会 在符合利润分配的条件下具体制定，并经 2025 年 8 月 25 日召开的第二届董事会 第八次会议审议通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 根据上海证券交易所的相关规定，公司按照以下公式计算除权（息）开盘参 考价： 除权（息）参考价格=（前收盘价格-现金红利）÷（1+流通股份变动比例） 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分 ...

【导读】上证指数盘中突破3900点，续创10年新高 | 上证指数 | 深证成指 | | 北证50 | | | --- | --- | --- | --- | --- | | 3908.28 | 13677.13 | | 1525.15 | | | +25.50 +0.66% | +150.62 +1.11% | | -3.48 -0.23% | | | 科创50 | 创业板指 | | 万得全A | | | 1559.66 | 3273.72 | | 6406.42 | | | +64.38 +4.31% | +35.55 +1.10% | | +57.48 +0.91% | | | 沪深300 | 中证500 | | 中证A500 | | | 4688.12 | 7493.63 | | 5679.31 | | | +47.43 +1.02% | +81.26 +1.10% | | +60.60 +1.08% | | | 中证1000 | 深证100 | | 中证红利 | | | 7629.64 | 6024.45 | | 5450.78 | | | +54.67 +0.72% | +65.92 +1.11% ...

Core Insights - The stock of Shuangyuan Technology experienced a decline of 1.89% on September 23, with a trading volume of 26.65 million yuan [1] - The company reported a net financing outflow of 4.93 million yuan on the same day, with a total financing balance of 113 million yuan, representing 9.04% of its market capitalization [1] Company Overview - Shuangyuan Technology, established on March 21, 2006, and listed on June 8, 2023, is located in Hangzhou, Zhejiang Province [2] - The company specializes in providing quality detection and control solutions for production processes, focusing on online automated measurement and control systems, as well as machine vision intelligent detection systems [2] - The revenue composition includes 63.93% from online automated detection systems, 32.73% from machine vision systems, and 3.35% from system components and maintenance services [2] Financial Performance - For the first half of 2025, Shuangyuan Technology reported a revenue of 161 million yuan, a year-on-year decrease of 9.39%, and a net profit attributable to shareholders of 36.51 million yuan, down 28.53% year-on-year [2] - The company has distributed a total of 172 million yuan in dividends since its A-share listing [3]

Core Points - The company, Zhejiang Shuangyuan Technology Co., Ltd., will hold a half-year performance and cash dividend briefing on September 22, 2025, from 13:00 to 14:00 [2][4] - The briefing will be conducted in an interactive online format at the Shanghai Stock Exchange Roadshow Center [3][4] - Investors can submit questions from September 15 to September 19, 2025, and the company will address common concerns during the briefing [2][5] Meeting Details - The meeting will take place on September 22, 2025, from 13:00 to 14:00 at the Shanghai Stock Exchange Roadshow Center [4] - Key participants include the Chairman, General Manager, Secretary of the Board, Chief Financial Officer, and Independent Director [4] - Investors can participate online and ask questions through the designated website or company email [5] Contact Information - The contact for inquiries is the Board Office, reachable at phone number 0571-88854902 or via email at info_zjusy@163.com [5]

证券代码：688623 证券简称：双元科技 公告编号：2025-043 浙江双元科技股份有限公司 关于召开 2025 年半年度业绩暨现金分红说明会的 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： （网址：https://roadshow.sseinfo.com/） 会议召开时间：2025 年 09 月 22 日（星期一）13:00-14:00 会议召开地点：上海证券交易所上证路演中心 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 09 月 22 日（星期一）13:00-14:00 （二） 会议召开地点：上证路演中心 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 15 日（星期一）至 09 月 19 日（星期五）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 info_zjusy@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 浙江双元科技股份 ...

Group 1 - The second meeting of the board of directors of Zhejiang Shuangyuan Technology Co., Ltd. was held on September 10, 2025, in a combination of on-site and telecommunication formats [2][3] - The meeting approved the election of the current chairman, Mr. Zheng Jian, as the representative director to execute company affairs, with a term consistent with the second board of directors [3][4] - The board also approved adjustments to the members and chairpersons of various specialized committees to ensure their normal operation, with terms aligned with the second board of directors [5][6] Group 2 - The company held its first extraordinary general meeting of shareholders on September 10, 2025, where it approved the cancellation of the supervisory board, an increase in the number of directors, and amendments to the company’s articles of association [9][15] - The board of directors will consist of seven members, including three independent directors, three non-independent directors, and one employee representative director, elected by the employee representative assembly [9][10] - Mr. Hu Yizhen was elected as the employee representative director, and he meets all legal and regulatory qualifications for the position [10][11] Group 3 - The board of directors made adjustments to the nomination committee and the remuneration and assessment committee, while the composition of the strategy and audit committees remains unchanged [12][13] - The adjustments to the specialized committees are in accordance with relevant laws and regulations, ensuring compliance with the updated company articles of association [12][13]