证券代码：688719 证券简称：爱科赛博 公告编号：2025-075 西安爱科赛博电气股份有限公司 股东减持股份计划公告 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 截至本公告披露日，西安爱科赛博电气股份有限公司（以下简称"公司"）股 东深圳市达晨创通股权投资企业(有限合伙)（以下简称"达晨创通"）持有公司股 份数 4,696,993 股，占公司股份总数的 4.071%；深圳市达晨创鸿私募股权投资企 业(有限合伙)（以下简称"达晨创鸿"）持有公司股份数 1,159,688 股，占公司股份 总数的 1.005%。达晨创通和达晨创鸿作为一致行动人合计持有公司 5,856,681 股， 占总股本的 5.076%；股东陕西省集成电路产业投资基金(有限合伙（) 以下简称"集 成电路基金"）持有公司股份数 5,769,271 股，占公司股份总数的 5.000%；前述 股份均为公司首次公开发行上市前及资本公积转增股本取得的股份，已于 2024 年 9 月 30 日起上市流通。 减持计 ...

智通财经APP讯，爱科赛博(688719.SH)发布公告，公司于2025年11月13日收到股东达晨创通、达晨创鸿 出具的《关于股份减持计划的告知函》，因经营发展需要，现达晨创通及达晨创鸿拟自公告披露之日起 15个交易日后的3个月内通过集中竞价或大宗交易的方式减持其所持有的公司股份合计不超过230.77万 股，即不超过公司总股本的2%。 公司于2025年11月13日收到股东集成电路基金出具的《关于股份减持计划的告知函》，因经营发展需 要，现集成电路基金拟自公告披露之日起15个交易日后的3个月内通过集中竞价的方式减持其所持有的 公司股份不超过115.39万股，即不超过公司总股本的1%。 ...

格隆汇11月13日丨爱科赛博(688719.SH)公布，公司于2025年11月13日收到股东达晨创通、达晨创鸿出 具的《关于股份减持计划的告知函》，因经营发展需要，现达晨创通及达晨创鸿拟自本公告披露之日起 15个交易日后的3个月内通过集中竞价或大宗交易的方式减持其所持有的公司股份合计不超过2,307,708 股（若减持期间内公司有送股、资本公积金转增股本等股份变动股本除权、除息事项，则对该数量进行 相应调整，并在相关公告中予以说明），即不超过公司总股本的2.00%，其中达晨创通拟自本公告披露 之日起15个交易日后的3个月内通过集中竞价减持公司股份不超过1,153,854股，通过大宗交易减持公司 股份不超过1,849,150股，合计减持公司股份不超过1,849,150股；达晨创鸿拟自本公告披露之日起15个交 易日后的3个月内通过集中竞价减持公司股份不超过458,558股，通过大宗交易减持公司股份不超过 458,558股，合计减持公司股份不超过458,558股。 公司于2025年11月13日收到股东集成电路基金出具的《关于股份减持计划的告知函》，因经营发展需 要，现集成电路基金拟自本公告披露之日起15个交易日后的 ...

格隆汇11月13日丨爱科赛博(688719.SH)公布，公司于2025年11月13日收到股东达晨创通、达晨创鸿出 具的《关于股份减持计划的告知函》，因经营发展需要，现达晨创通及达晨创鸿拟自本公告披露之日起 15个交易日后的3个月内通过集中竞价或大宗交易的方式减持其所持有的公司股份合计不超过2,307,708 股（若减持期间内公司有送股、资本公积金转增股本等股份变动股本除权、除息事项，则对该数量进行 相应调整，并在相关公告中予以说明），即不超过公司总股本的2.00%，其中达晨创通拟自本公告披露 之日起15个交易日后的3个月内通过集中竞价减持公司股份不超过1,153,854股，通过大宗交易减持公司 股份不超过1,849,150股，合计减持公司股份不超过1,849,150股；达晨创鸿拟自本公告披露之日起15个交 易日后的3个月内通过集中竞价减持公司股份不超过458,558股，通过大宗交易减持公司股份不超过 458,558股，合计减持公司股份不超过458,558股。 公司于2025年11月13日收到股东集成电路基金出具的《关于股份减持计划的告知函》，因经营发展需 要，现集成电路基金拟自本公告披露之日起15个交易日后的 ...

Core Points - The other power equipment sector experienced a decline of 1.14% on November 11, with HaiLu Heavy Industry leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Sector Performance - HaiBo SiChuang (688411) saw a significant increase of 13.00%, closing at 299.65 with a trading volume of 72,500 shares and a transaction value of 2.176 billion [1] - ST YiShiTe (300376) rose by 7.81%, closing at 5.80 with a trading volume of 616,000 shares and a transaction value of 351 million [1] - Yingjie Electric (300820) increased by 4.51%, closing at 56.98 with a trading volume of 90,500 shares and a transaction value of 512 million [1] - Other notable performers included Rongfa Nuclear Power (002366) with a 3.91% increase and a closing price of 8.50, and AiKe SaiBo (688719) with a 2.63% increase [1] Decliners - HaiLu Heavy Industry (002255) led the decline with a drop of 7.13%, closing at 13.80 with a trading volume of 2,599,100 shares and a transaction value of 3.624 billion [2] - OuLu Tong (300870) fell by 6.08%, closing at 191.38 with a trading volume of 47,300 shares [2] - Dongfang Electric (600875) decreased by 3.71%, closing at 23.37 with a trading volume of 1,084,100 shares [2] Capital Flow - The other power equipment sector saw a net outflow of 1.045 billion from main funds, while retail investors contributed a net inflow of 791 million [2]

Macroeconomic Insights - Global asset performance shows mixed results, with the Hang Seng Index up 1.29% and the Shanghai Composite Index up 1.08%, while developed markets like the S&P 500 fell by 1.63%[6] - In October, the U.S. ISM Manufacturing PMI declined, indicating economic slowdown, while consumer confidence continued to drop according to the University of Michigan index[7] Inflation and Prices - October CPI in China rose by 0.2% year-on-year, while PPI decreased by 2.1%, indicating a stable inflation environment with core service prices reaching their highest level since March 2024[11] - The rise in core CPI is attributed to reduced food drag and increased service contributions, with gold prices significantly impacting jewelry costs[13] Trade and Exports - In October, China's exports fell by 1.1% year-on-year, while imports grew by 1.0%, leading to a slight decrease in trade surplus[16] - The export structure shows weakness in non-U.S. markets, particularly the EU, while exports to the U.S. and ASEAN remained strong[18] Investment Strategies - The asset allocation report suggests an overweight position in Chinese A-shares and industrial commodities, with equity allocation set at 45% and bonds at 45%[22] - The report emphasizes the importance of AI industry trends and the potential for volatility in global equity markets, recommending a focus on quality assets[23] Market Dynamics - The trading activity has decreased, with turnover rates and transaction volumes declining across indices, indicating a cautious market sentiment[28] - The report highlights a decrease in northbound capital flow, with a net outflow of 2.6 billion CNY in the recent week, reflecting investor sentiment shifts[34]

Core Viewpoint - Aikaisibo, a leading company in the field of power electronic conversion and control, was listed on the Shanghai Stock Exchange on September 28, 2023, and has a strong focus on R&D, production, and sales of power electronic conversion and control equipment [1] Financial Performance - In Q3 2025, Aikaisibo achieved a revenue of 585 million yuan, ranking 18th in the industry, significantly lower than the industry leader China Power's 40.971 billion yuan and the second-ranked Haibosi's 7.913 billion yuan [2] - The company's net profit for the same period was -44.6247 million yuan, placing it 20th in the industry, far behind the industry leader's 2.502 billion yuan and the second's 624 million yuan [2] Profitability and Debt Management - Aikaisibo's debt-to-asset ratio in Q3 2025 was 27.47%, lower than the industry average of 42.24%, indicating relatively low debt pressure [3] - The gross profit margin for the same period was 31.37%, higher than the industry average of 25.60%, although it decreased from the previous year's 41.12% [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 14.07% to 7,003, while the average number of circulating A-shares held per household decreased by 9.77% to 12,800 [5] - The top ten circulating shareholders include the Fuguo Tianhui Growth Mixed Fund, holding 2 million shares, a decrease of 1,367 shares from the previous period [5] Business Highlights and Future Outlook - Aikaisibo has focused on the power electronic conversion control field for nearly 30 years, building three major technology platforms and serving well-known companies across multiple industries [5] - The precision testing power business is expected to see significant revenue growth in 2024, supported by lean management and reduced expenses [5] - The company is projected to achieve revenues of 1.303 billion yuan, 1.6 billion yuan, and 1.775 billion yuan from 2025 to 2027, with net profits of 105 million yuan, 133 million yuan, and 182 million yuan respectively [5] - CICC has adjusted the 2025 net profit forecast down by 41.9% to 86 million yuan, while introducing a 2026 net profit estimate of 146 million yuan, maintaining an outperform rating with a target price of 32 yuan [6]

Market Overview - The other power equipment sector experienced a decline of 2.4% on the trading day, with Zhongheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock movements included: - Xinfuneng (300593) rose by 11.97% to a closing price of 27.23, with a trading volume of 642,500 shares and a turnover of 1.727 billion yuan [1] - Zhongheng Electric (002364) fell by 8.05% to a closing price of 25.60, with a trading volume of 621,900 shares and a turnover of 1.633 billion yuan [2] - Other significant declines included Maigemit (002851) down 5.48% and Yingjie Electric (300820) down 4.53% [2] Capital Flow - The other power equipment sector saw a net outflow of 2.227 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.740 billion yuan [2][3] - The capital flow for specific stocks indicated: - Zhongheng Electric had a net outflow of 14.05 million yuan from institutional investors [3] - ST Huaxi (002630) experienced a net inflow of 12.12 million yuan from retail investors despite a net outflow from institutional investors [3]

Core Viewpoint - The A-share market is experiencing a collective rise in controllable nuclear fusion concept stocks, driven by recent policy announcements that highlight the importance of quantum technology and nuclear fusion as new economic growth points [1][2]. Group 1: Stock Performance - An Tai Technology (000969) and Dongfang Tantalum (000962) both reached the daily limit up of 10% [1]. - Western Superconducting (688122) increased by 9.09%, while Aikosebo rose by 8.47% [1][2]. - Yongding Co. (600105) saw a rise of 7.26%, and Jinbei Electric (002533) increased by 5.20% [1][2]. - Other notable performers include Jingda Co. (600577) with a 5.10% increase and Xuguang Electronics (600353) with a 4.66% rise [1][2]. Group 2: Market Context - On October 24, the Central Committee proposed the 15th Five-Year Plan, emphasizing the development of future industries, including quantum technology and nuclear fusion [2]. - The report from Guojin Securities indicates that these sectors are expected to receive top-level policy support and funding, enhancing their growth potential [2].

Core Insights - Aikaisibo Electric Co., Ltd. experienced a stock price increase of 5.68%, reaching 40.38 CNY per share, with a total market capitalization of 4.659 billion CNY as of October 27 [1] Company Overview - Aikaisibo Electric Co., Ltd. is located in Xi'an, Shaanxi Province, and was established on January 19, 1996. The company was listed on September 28, 2023 [1] - The main business activities include research, development, production, and sales of power electronic conversion and control equipment [1] Revenue Composition - The revenue breakdown is as follows: - Precision testing power supply: 62.98% - Power quality control equipment: 17.25% - Special power supply: 16.85% - Other (supplementary): 2.74% - Others: 0.19% [1] Fund Holdings - Huafu Fund has a significant holding in Aikaisibo, with the Huafu Tianxin Flexible Allocation Mixed A Fund (003152) holding 54,100 shares, representing 6.74% of the fund's net value, making it the third-largest holding [2] - The fund has achieved a year-to-date return of 19.23% and a one-year return of 21.3%, ranking 4,581 out of 8,226 and 4,006 out of 8,099 respectively [2] Fund Manager Performance - The fund manager, Wang Yiwei, has been in position for 4 years, with a total fund asset size of 422 million CNY. The best return during his tenure is 89.65%, while the worst is -32.32% [2]