碧兴物联10月26日公告，股东宁波丰图汇烝投资中心（有限合伙）因自身经营需要，计划自2025年11月 17日起至2026年2月16日止，通过集中竞价和大宗交易方式减持公司股份不超过235.56万股，即不超过 公司总股本的3%。减持价格将根据减持时的二级市场价格确定。本次减持计划实施具有不确定性。 ...

Market Overview - The environmental equipment sector rose by 0.64% on October 22, with ST Xianhe leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - ST Xianhe (300137) closed at 8.02, up 4.43% with a trading volume of 138,100 shares and a turnover of 110 million yuan [1] - Yutong (600817) closed at 11.76, up 2.89% with a trading volume of 83,400 shares [1] - Jiuwu High-Tech (300631) closed at 31.67, up 2.39% with a trading volume of 166,000 shares [1] - Other notable performers include Falunsheng (000890) up 1.65% and Chulin Technology (001336) up 1.48% [1] Fund Flow Analysis - The environmental equipment sector experienced a net outflow of 22.79 million yuan from institutional investors, while retail investors saw a net outflow of 17.78 million yuan [2] - Conversely, speculative funds recorded a net inflow of 40.58 million yuan [2] Individual Stock Fund Flow - Huahong Technology (002645) had a net inflow of 17.58 million yuan from institutional investors, while retail investors faced a net outflow of 38.68 million yuan [3] - Zhitong Heavy Industry (600817) saw a net inflow of 11.17 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - Longyuan Technology (300105) had a net inflow of 7.25 million yuan from institutional investors, while retail investors faced a net outflow of 3.56 million yuan [3]

Core Insights - The environmental equipment sector saw a rise of 1.16% on September 29, with Bixing Wulian leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Environmental Equipment Sector Performance - Bixing Wulian (688671) closed at 21.94, up 4.23% with a trading volume of 10,800 lots and a transaction value of 23.25 million [1] - Longjing Environmental Protection (600388) closed at 14.88, up 3.69% with a trading volume of 248,300 lots [1] - Chuhuan Technology (001336) closed at 23.20, up 3.34% with a trading volume of 13,100 lots [1] - Other notable performers include Zhongcai Energy Saving (603126) at 6.81 (+2.87%), and Farsen (000890) at 4.56 (+2.70%) [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 99.21 million from institutional investors, while retail investors saw a net inflow of 90.53 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Longjing Environmental Protection (600388) had a net inflow of 19.64 million from institutional investors, but a net outflow of 19.48 million from speculative funds [3] - Farsen (000890) saw a net inflow of 10.53 million from institutional investors and a net inflow of 17.28 million from speculative funds [3] - Chuhuan Technology (001336) reported a slight net outflow of 2.14 million from institutional investors, with a small net inflow from speculative funds [3]

Core Viewpoint - The announcement from Bixing Wulian indicates that shareholder Ningbo Fengtu Huizheng Investment Center (Limited Partnership) has reduced its stake in the company by 785,189 shares, representing 1% of the total share capital, marking the completion of its share reduction plan [1] Summary by Relevant Sections - **Shareholder Activity** - Ningbo Fengtu Huizheng Investment Center has executed a share reduction of 785,189 shares through centralized bidding, which constitutes 1% of the company's total share capital [1] - **Plan Completion** - The share reduction plan has reached its designated time frame and is now concluded [1]

Core Viewpoint - The company, Bixing Wulian (688671.SH), has completed a share reduction plan executed by Fengtu Huizheng, resulting in a decrease of 785,189 shares, which represents 1% of the company's total share capital [1] Group 1 - Fengtu Huizheng has reduced its holdings in Bixing Wulian through centralized bidding transactions [1] - The share reduction plan has reached its designated time frame and is now concluded [1]

大股东持有的基本情况 证券代码：688671 证券简称：碧兴物联 公告编号：2025-44 碧兴物联科技（深圳）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： 二、减持计划的实施结果 （一）大股东因以下事项披露减持计划实施结果： 披露的减持时间区间届满 本次减持计划实施前，碧兴物联科技（深圳）股份有限公司（以下简称"公 司"）股东宁波丰图汇烝投资中心（有限合伙）（以下简称"丰图汇烝"）持有公 司股份 5,378,147 股，占公司股份总数的 6.85%。 减持计划的实施结果情况 公司于 2025 年 6 月 5 日披露了《股东减持股份计划公告》（公告编号： 2025-030）。丰图汇烝拟减持其所持有的公司股份合计不超过 2,355,567 股（不 超过公司总股本的 3%），其中，拟通过集中竞价方式减持不超过 785,189 股（不 超过公司总股本的 1%），拟通过大宗交易方式减持不超过 1,570,378 股（不超过 公司总股本的 2%），减持期间为自减持计划 ...

Group 1 - The company Bixing Wulian announced on September 25 that it received a notification from Fengtu Huizheng regarding the completion of a share reduction plan [1] - During the implementation period of the reduction plan, Fengtu Huizheng reduced approximately 790,000 shares of the company, accounting for 1% of the total share capital [1] - The share reduction plan has now been completed [1] Group 2 - On the anniversary of the "9.24" event, the total market value of A-shares has surpassed 116 trillion yuan [1] - Four major reforms are reshaping the new ecology of China's capital market [1]

Core Insights - Bixing Wulian (688671.SH) reported a revenue of 111.3 million yuan for the first half of 2025, marking an 11.16% year-on-year increase, but incurred a net loss attributable to shareholders of 23.91 million yuan, compared to a loss of 6.01 million yuan in the same period last year [1][2]. Financial Performance - Revenue for the first half of 2025 was 111.3 million yuan, up 11.16% from 100.1 million yuan in the previous year [2]. - The total profit for the period was -29.68 million yuan, worsening from -9.13 million yuan year-on-year [2]. - The net profit attributable to shareholders was -23.91 million yuan, compared to -6.01 million yuan in the same period last year [2]. - The net profit after excluding non-recurring items was -29.20 million yuan, compared to -10.98 million yuan in the previous year [2]. - The net cash flow from operating activities was -47.51 million yuan, a significant decline from a positive cash flow of 129.46 million yuan in the previous year, representing a 136.70% decrease [2]. - As of the end of the reporting period, the net assets attributable to shareholders were 1.08 billion yuan, down 2.00% from the previous year-end [2]. Historical Financial Data - Revenue for Bixing Wulian from 2022 to 2024 was 472.4 million yuan, 350 million yuan, and 329.4 million yuan, respectively [2]. - The net profit attributable to shareholders for the same years was 58.37 million yuan, 23.37 million yuan, and -38.55 million yuan [2]. - The net profit after excluding non-recurring items for the same years was 53.66 million yuan, 10.50 million yuan, and -52.62 million yuan [2]. Growth Indicators - The total revenue for the year ending December 31, 2024, was 329.4 million yuan, a decrease of 5.91% from the previous year [3]. - The net profit attributable to shareholders for the same period was -38.55 million yuan, reflecting a decline of 264.92% year-on-year [3]. - The net profit after excluding non-recurring items showed a significant decline of 601.42% year-on-year [3]. IPO Details - Bixing Wulian was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 9, 2023, with an initial public offering of 19.63 million shares at a price of 36.12 yuan per share [3]. - The total amount raised from the IPO was approximately 709.04 million yuan, with a net amount of 623.44 million yuan after deducting issuance costs [4]. - The actual net fundraising exceeded the original target by 210.83 million yuan [4].

Core Viewpoint - The environmental equipment sector experienced a slight increase of 0.06% on September 24, with Henghe Co., Ltd. leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3853.64, up 0.83%, and the Shenzhen Component Index closed at 13356.14, up 1.8% [1]. - The environmental equipment sector saw significant individual stock movements, with Henghe Co., Ltd. rising by 29.98% to a closing price of 32.30 [1]. Group 2: Stock Performance - Key stocks in the environmental equipment sector included: - Henghe Co., Ltd. (32.30, +29.98%, 80,400 shares, 248 million CNY) - Xuedilong (8.27, +6.99%, 578,100 shares, 481 million CNY) - Chuxiu Technology (22.72, +4.41%, 18,400 shares, 41.31 million CNY) [1]. - Other notable performers included Jiuwu Gaoke (+3.86%) and Hengrui Environmental (+3.79%) [1]. Group 3: Capital Flow - The environmental equipment sector saw a net inflow of 129 million CNY from institutional investors, while retail investors experienced a net outflow of 146 million CNY [2]. - The capital flow data indicated that Xuedilong had a net inflow of 87.56 million CNY from institutional investors, despite a net outflow from retail investors [3].

Core Insights - Bixing Wulian experienced a decline of 1.97% on September 23, with a trading volume of 21.2251 million yuan [1] - The company reported a financing net buy of -50,600 yuan on the same day, indicating a higher level of financing activity compared to the past year [1] Financing Overview - On September 23, Bixing Wulian had a financing buy of 2.1336 million yuan, with a total financing balance of 29.3882 million yuan, representing 3.00% of its market capitalization [1] - The financing balance is above the 50th percentile level over the past year, indicating a relatively high position [1] Securities Lending Overview - On September 23, there were no shares repaid or sold in the securities lending market, with a total lending balance of 0 yuan, which is at the 90th percentile level over the past year [1] Company Profile - Bixing Wulian Technology (Shenzhen) Co., Ltd. was established on January 18, 2012, and went public on August 9, 2023 [2] - The company's main business includes smart environmental monitoring and public safety big data, with revenue composition as follows: digital ecology (environmental monitoring operation services) 63.28%, digital ecology (environmental monitoring instruments and systems) 29.44%, digital public security (mobile access network data collection and analysis system) 2.69%, digital agriculture 2.51%, digital water conservancy/water affairs 2.06%, and others 0.02% [2] Financial Performance - For the first half of 2025, Bixing Wulian achieved a revenue of 111 million yuan, representing a year-on-year growth of 11.16%, while the net profit attributable to the parent company was -23.9132 million yuan, a decrease of 298.20% year-on-year [2] - The company has distributed a total of 7.0667 million yuan in dividends since its A-share listing [3]