风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从基金十大重仓股角度 数据显示，平安基金旗下1只基金重仓瑞可达。平安新兴产业混合(LOF)（501099）二季度持有股数7.39 万股，占基金净值比例为3.73%，位居第八大重仓股。根据测算，今日浮盈赚取约26.74万元。 10月27日，瑞可达涨5.03%，截至发稿，报75.62元/股，成交2.50亿元，换手率1.64%，总市值155.53亿 元。 平安新兴产业混合(LOF)（501099）基金经理为翟森。 资料显示，苏州瑞可达连接系统股份有限公司位于江苏省苏州市吴中区吴淞江科技产业园淞葭路998 号，成立日期2006年1月11日，上市日期2021年7月22日，公司主营业务涉及专业从事连接器产品的研 发、生产、销售和服务的高新技术企业。主营业务收入构成为：新能源连接器产品91.47%，通信连接 器产品3.96%，其他连接器产品3.01%，其他(补充)1.57%。 截至发稿，翟森累计任职时间4年304天，现任基金资产总规模4. ...

Group 1 - The A-share copper cable high-speed connection sector opened higher on October 20, with Hui Lv Ecological rising over 9% [2] - Ruikeda increased by more than 3%, while Changying Precision and Woer Nuclear Materials also saw gains [2]

Core Viewpoint - Ruida's stock price dropped by 5% to 66.88 CNY per share, with a trading volume of 254 million CNY and a turnover rate of 1.81%, resulting in a total market capitalization of 13.755 billion CNY [1] Company Overview - Suzhou Ruida Connector System Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on January 11, 2006, with its listing date on July 22, 2021 [1] - The company specializes in the research, development, production, sales, and service of connector products, classified as a high-tech enterprise [1] Revenue Composition - The revenue composition of Ruida is as follows: - New energy connector products: 91.47% - Communication connector products: 3.96% - Other connector products: 3.01% - Others (supplementary): 1.57% [1] Fund Holdings - Longcheng Fund has a significant holding in Ruida, with its Longcheng Digital Economy Mixed A Fund (016507) holding 106,000 shares, accounting for 2.47% of the fund's net value, ranking as the tenth largest holding [2] - The fund has experienced a floating loss of approximately 373,000 CNY today [2] Fund Performance - Longcheng Digital Economy Mixed A Fund was established on January 19, 2023, with a current size of 147 million CNY [2] - Year-to-date return is 53.74%, ranking 611 out of 8160 in its category; the one-year return is 64.64%, ranking 535 out of 8021; since inception, the return is 31.4% [2] - The fund manager, Han Lin, has a tenure of 9 years and 169 days, with total assets under management of 1.452 billion CNY [2]

Group 1 - The core point of the news is that Ruikeda's stock price has dropped by 5.1%, currently trading at 70.51 CNY per share, with a total market capitalization of 14.502 billion CNY [1] - Ruikeda specializes in the research, production, sales, and service of connector products, with 91.47% of its revenue coming from new energy connectors [1] - The company was established on January 11, 2006, and went public on July 22, 2021 [1] Group 2 - Jin Ying Fund has a significant holding in Ruikeda, with the Jin Ying Min An Return Fixed A (006972) fund holding 464,400 shares, representing 2.23% of the fund's net value [2] - The fund has experienced a floating loss of approximately 1.7601 million CNY today [2] - The Jin Ying Min An Return Fixed A fund has a total scale of 946 million CNY and has achieved a year-to-date return of 17.33% [2] Group 3 - The fund manager of Jin Ying Min An Return Fixed A is Lin Longjun, who has been in the position for 7 years and 153 days [3] - Under Lin Longjun's management, the fund has achieved a best return of 75.13% and a worst return of -12.89% [3]

Group 1 - Harbin Air Conditioning plans to transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. The subsidiary reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the previous year's net profit absolute value [1] - Xinhua Insurance expects a net profit of 29.986 billion to 34.122 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 45% to 65% [1][2] - Gansu Energy anticipates a net profit of 1.55 billion to 1.6 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 11.86% to 15.47% [2][3] Group 2 - Dongfang Tower forecasts a net profit of 750 million to 900 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 60.83% to 93% [4] - Meili Eco announced that its subsidiary won a bid for an EPC project worth 2.375 billion yuan [6] - Bohai Chemical's wholly-owned subsidiary will undergo routine maintenance for its 600,000 tons/year PDH unit, expected to last about 30 days [8] Group 3 - Qin Port Co. reported a total throughput of 317.02 million tons for the first nine months of 2025, a year-on-year increase of 5.56% [10] - Jianglong Shipbuilding won a bid for a 72.99 million yuan fishery enforcement vessel project, accounting for 4.22% of its 2024 audited revenue [11] - Longyuan Technology expects a net profit of 35 million to 40 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50.11% to 71.55% [12] Group 4 - Naipu Mining anticipates a net profit of 61 million to 66 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 45.16% to 49.32% [14] - Jinggong Steel Structure reported a cumulative contract amount of 17.98 billion yuan for the first nine months of 2025, a year-on-year increase of 4.8% [15][16] - Shenzhen Gas reported a net profit of 918 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.08% [17] Group 5 - Yabao Pharmaceutical's subsidiary received a drug registration certificate for a new diabetes medication [18] - Shaanxi Coal's coal production in September was 14.56 million tons, a year-on-year increase of 5.34% [20] - Sifang New Materials reported a 15.94% year-on-year decline in concrete production for the first three quarters [22] Group 6 - Nanjing Foods reported a consolidated revenue of 276 million yuan in September, a slight increase of 0.0016% year-on-year [23] - Pulaike received a new veterinary drug registration certificate for a flea and tick treatment [24] - Zhucheng Technology received a cash dividend of 15 million yuan from its subsidiary [25] Group 7 - David Medical's subsidiary received a medical device registration certificate for a portable electronic endoscope image processor [26] - Zhongtong Bus reported a 36.88% year-on-year increase in sales in September, totaling 1,106 units [27] - Xiantan Co. reported a 11.95% year-on-year increase in chicken sales revenue in September [28] Group 8 - Bojun Technology expects a net profit of 552 million to 662 million yuan for the first three quarters of 2025, a year-on-year increase of 50% to 80% [30] - Haishi Pharmaceutical's innovative pain relief drug clinical trial application has been accepted [31] - Lingxiao Pump Industry used 80 million yuan of idle funds to purchase financial products [32] Group 9 - Qiangda Circuit's subsidiary completed business registration changes to expand its operational scope [33] - *ST Tianyu's controlling shareholder applied for bankruptcy liquidation due to severe financial difficulties [34] - Baolidi's shareholder plans to reduce holdings by up to 1 million shares [36] Group 10 - Zijin Mining completed the acquisition of Kazakhstan's Raygorodok gold mine, controlling 100% of its rights [44] - Zhonggang Luoyang's indirect controlling shareholder completed a capital increase, raising registered capital from approximately 26.666 billion yuan to 44.824 billion yuan [46] - Jinyu Jidong's director resigned due to work adjustments [47]

1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - Since August, the pace of changes in the supply - demand structure of the convertible bond market has accelerated. On the demand side, insurance funds have rapidly and significantly reduced their holdings of convertible bonds, while the demand from public funds has remained stable. On the supply side, although the number of forced redemptions has increased significantly since August, the enthusiasm for new convertible bond proposals has been high, and the review speed has marginally accelerated [1][10][14]. - The A - share market fluctuated sharply this week. The current A - share market valuation has significantly recovered. Large - scale equipment renewal and consumer product trade - in measures are expected to boost domestic demand, and the export growth rate may decline. The Fed has re - entered the interest rate cut cycle, and the weak resonance between the domestic economic fundamentals and the capital side is expected to gradually start [27]. - Considering the impact of refinancing policies, the subsequent issuance pressure of convertible bonds is expected to be low. The risk of a correction in convertible bond valuations has been temporarily alleviated. However, in the context of stock market volatility and the strong "taking - profits" sentiment of institutions in the fourth quarter, the short - term profit - making effect of the convertible bond market may be weak. Attention should be paid to the band - trading opportunities of convertible bonds in a volatile market [28]. 3. Summary According to the Directory 1. Convertible Bond Weekly Special Topic and Outlook 1.1 What are the Highlights of New Convertible Bond Issues? - Since August, the demand - side of the convertible bond market has seen insurance funds significantly reducing their holdings, while public funds have increased their positions. On the supply - side, new convertible bond proposals have been actively submitted, and the review speed has accelerated. For example, in August, 18 new convertible bond proposals passed the board of directors, reaching the level of March 2023. In September, 17 proposals passed the general meeting of shareholders, and 7 passed the listing committee review, reaching the level of January 2024 [1][10][14]. - As of October 10, there are 4 convertible bond proposals awaiting issuance after obtaining the CSRC's approval for registration, and 8 public convertible bond proposals have passed the listing committee review, with a total scale of 530.5 million yuan. The industry distribution of these convertible bonds is mainly in TMT, advanced manufacturing, and cyclical industries [15][20]. 1.2 Weekly Review and Market Outlook - This week, the A - share market fluctuated sharply. Before the holiday, the A - share market rose, with the new energy industry chain and semiconductors leading the gains. After the holiday, the market first rose and then fell. The current A - share market valuation has recovered, and domestic demand is expected to be boosted, but the export growth rate may decline [27]. - In the convertible bond market, the subsequent issuance pressure is expected to be low. The short - term profit - making effect may be weak, and attention should be paid to band - trading opportunities. Industries to focus on include popular themes such as semiconductors and AI, domestic - demand - oriented sectors, and central state - owned enterprises under the China - specific valuation system [28][29]. 2. Weekly Tracking of the Convertible Bond Market 2.1 The Equity Market Style is Differentiated, and Pro - cyclical Sectors are Strengthening - From September 29 to October 10, the equity market showed mixed performance. The market style was more inclined to large - cap growth stocks. 26 Shenwan industry indices rose, and 5 declined. The non - ferrous metals, steel, and basic chemical industries led the gains [32][34]. 2.2 The Convertible Bond Market Rose Narrowly, and the Premium Rate for 100 - yuan Par Value Rebounded - From September 29 to October 10, the convertible bond market rose. The average daily trading volume decreased. Most individual bonds rose. The non - ferrous metals, beauty care, and non - bank financial industries led the gains in the convertible bond market, while the communication industry declined [38][39]. - The weighted conversion value of the entire market increased, and the premium rate rose. The median price of convertible bonds increased, and the number of medium - and low - priced convertible bonds decreased [45][49]. 2.3 High - frequency Tracking of Different Types of Convertible Bonds 2.3.1 Classification Valuation Changes - This week, the valuations of equity - biased and balanced convertible bonds increased. Among different par - value convertible bonds, the valuation of 80 - 90 yuan par - value convertible bonds increased more significantly. The valuations of AA + and AA - rated convertible bonds decreased, while those of other ratings increased. The valuations of large - cap and small - cap convertible bonds increased significantly, while those of other scales decreased [60]. - Since the beginning of 2024, the conversion premium rates of equity - biased and balanced convertible bonds have rebounded from the bottom [60]. 2.3.2 Market Index Performance - This week, convertible bonds of all ratings and scales rose. Since 2023, high - rated AAA convertible bonds have shown stable performance, while low - rated convertible bonds have shown weaker anti - decline ability and greater rebound strength [71]. 3. Tracking of Convertible Bond Supply and Terms 3.1 This Week's Primary Proposals Issuance - This week, there were no newly listed convertible bonds, and there were 3 convertible bonds awaiting listing, with a total scale of 730.2 million yuan. The number of primary approvals was 10 [76]. - From the beginning of 2023 to October 10, 2025, there were 103 convertible bond proposals in total, with a total scale of 15.8329 billion yuan. The number and scale of proposals at different stages vary [77]. 3.2 Downward Revision & Redemption Clauses - This week, 9 convertible bonds were expected to trigger downward revisions, 4 announced no downward revisions, 0 proposed downward revisions, and 1 actually carried out a downward revision. Six convertible bonds were expected to trigger redemptions, 0 announced no redemptemptempt 0 announced no redemptions, and 5 announced early redemptions [5][83][84]. - As of the end of this week, there were 0 convertible bonds in the put - option declaration period and 9 in the company's capital - reduction repayment declaration period [88].

证券代码：688800 证券简称：瑞可达 公告编号：2025-051 苏州瑞可达连接系统股份有限公司 关于 2022 年向特定对象发行股票募投项目结项的公 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。 苏州瑞可达连接系统股份有限公司（以下简称"公司"）2022 年向特定对 象发行股票募集资金投资项目（以下简称"募投项目"）中"新能源汽车关键零 部件项目"、"研发中心项目"和"补充流动资金"已达到预定可使用状态，公 司决定将上述募投项目全部结项。根据《上海证券交易所科创板上市公司自律监 管指引第 1 号——规范运作》等相关规定，上述事项无需董事会审议。现将相关 情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于同意苏州瑞可达连接系统股份有限 公司向特定对象发行股票注册的批复》（证监许可[2022]1703 号），本公司向特定 投资者发行人民币普通股股票（A 股）515.7052 万股，每股发行价为 132.44 元， 应募集资金总额人民币 68,300.00 万元，根据有关规定扣除发行费用 1, ...

Market Overview - The other electronic sector experienced a decline of 1.69% on October 10, with C Yunhan leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers included: - Jingquanhua (002885) with a closing price of 20.52, up 10.03% and a trading volume of 298,400 shares [1] - Igor (002922) closed at 23.00, up 5.50% with a trading volume of 508,900 shares [1] - Chuangyitong (300991) closed at 41.81, up 3.16% with a trading volume of 73,100 shares [1] - Major decliners included: - C Yunhan (301563) closed at 142.27, down 13.55% with a trading volume of 82,900 shares [2] - Tailong Co. (300650) closed at 18.55, down 8.85% with a trading volume of 273,200 shares [2] - Liyuan Information (300184) closed at 11.38, down 7.78% with a trading volume of 1,224,600 shares [2] Capital Flow - The other electronic sector saw a net outflow of 401 million yuan from institutional investors, while retail investors experienced a net inflow of 187 million yuan [2] - Notable capital inflows included: - Xiangnan Xinchuan (300475) with a net inflow of 216 million yuan from institutional investors [3] - Igor (002922) with a net inflow of 138 million yuan from institutional investors [3] - Conversely, significant outflows were observed in: - Jingquanhua (002885) with a net outflow of 116 million yuan from institutional investors [3] - Keleke (002782) with a net outflow of 56 million yuan from retail investors [3]

Group 1 - The core point of the news is that Ruikeda's stock price has dropped by 5.02%, currently trading at 76.11 CNY per share, with a total market capitalization of 15.654 billion CNY [1] - Ruikeda specializes in the research, production, sales, and service of connector products, with 91.47% of its revenue coming from new energy connectors [1] - The company was established on January 11, 2006, and went public on July 22, 2021 [1] Group 2 - Hengyue Fund has a significant position in Ruikeda, with its Hengyue Growth Selected Mixed A fund increasing its holdings by 75,700 shares in the second quarter, now holding a total of 401,100 shares [2] - The fund's net asset value proportion for Ruikeda is 3.7%, making it the seventh-largest holding [2] - The fund has experienced a floating loss of approximately 1.6126 million CNY as of the report date [2] Group 3 - The fund manager of Hengyue Growth Selected Mixed A is Liao Mingbing, who has been in the position for 5 years and 91 days [3] - Under Liao's management, the fund has achieved a best return of 62.24% and a worst return of -41.96% [3] - The current total asset size of the fund is 822 million CNY [3]

Core Insights - On October 9, Ruikeda's stock rose by 6.67%, with a trading volume of 1.034 billion yuan [1] - As of October 9, the total margin balance for Ruikeda was 986 million yuan, with a financing net buy of -677,800 yuan for the day [1][2] - For the first half of 2025, Ruikeda reported a revenue of 1.525 billion yuan, a year-on-year increase of 59.15%, and a net profit of 157 million yuan, up 141.64% year-on-year [2] Financing and Margin Trading - On October 9, Ruikeda had a financing buy of 135 million yuan and a financing repayment of 136 million yuan, resulting in a net buy of -677,800 yuan [1] - The current financing balance of 985 million yuan accounts for 5.98% of the circulating market value, which is above the 90th percentile level over the past year [1] - The margin trading data indicates that there were no shares sold or repaid on October 9, with a remaining short balance of 64,790 yuan, which is below the 50th percentile level over the past year [1] Company Overview - Ruikeda, established on January 11, 2006, and listed on July 22, 2021, is based in Suzhou, Jiangsu Province, and specializes in the research, production, sales, and service of connector products [1] - The company's revenue composition includes 91.47% from new energy connectors, 3.96% from communication connectors, and 3.01% from other connectors [1] Shareholder and Institutional Holdings - As of June 30, 2025, Ruikeda had 16,200 shareholders, an increase of 25.14%, with an average of 12,713 circulating shares per person, up 3.75% [2] - The top ten circulating shareholders include Hai Futong Stock Mixed Fund as the sixth largest shareholder with 1.8938 million shares, and Hong Kong Central Clearing Limited as the eighth largest with 1.5765 million shares, which decreased by 1.0993 million shares from the previous period [2]