11月26日，九号公司智慧移动生态链项目签约落户常州高新区。据介绍，九号公司在常州的研发生产基 地，是全球最大的智能短交通产品研发生产基地，可全面支撑全球每年数百万台智能产品的需求。九号 公司智慧移动生态链项目将搭建一个"智慧移动人"与"智慧移动物"共生的出行生态系统，建成后预计将 新增300万台高端电动车、500万套零配件配套的产能。 ...

Market Performance - On November 26, A-shares showed mixed performance with the Shanghai Composite Index down by 0.15% to 3864.18 points, while the Shenzhen Component Index rose by 1.02% to 12907.83 points, and the ChiNext Index increased by 2.14% to 3044.69 points [1] Fund Manager Changes - In the last 30 days (October 27 to November 26), there were 631 fund manager changes across various fund products, with 15 announcements made on November 26 alone. The reasons for these changes included 3 managers leaving due to job changes and 4 due to product expirations [3] Fund Manager Performance - Li Zhi, a fund manager at Jiashi Fund, currently manages assets totaling 22.715 billion yuan. His highest-performing fund during his tenure was the Jiashi ChiNext ETF (159955), which achieved a return of 80.22% over 2 years and 120 days [4] New Fund Managers - Su Bingyi from Dacheng Fund currently manages assets of 2.254 billion yuan, with his best-performing fund being Dacheng Jingheng Mixed A (090019), which returned 252.52% over 7 years and 155 days [5] Fund Research Activity - In the past month (October 27 to November 26), the most researched company by public funds was Luxshare Precision, with 76 fund management companies participating in the research. Other notable companies included Lens Technology and Zhaoyi Innovation, with 74 and 70 participating firms, respectively [6][9] Recent Research Focus - In the last week (November 19 to November 26), the most researched company was Ninebot, with 47 fund institutions involved. Other companies with significant research attention included Huichuan Technology, Weili Transmission, and Siling Co., with 23, 21, and 20 institutions, respectively [7] Industry Research Trends - Over the past month, the healthcare equipment industry received the most attention from fund companies, with 545 research instances, followed by the semiconductor industry with 501 instances [8]

Core Viewpoint - The company expresses confidence in the continued growth of its electric two-wheeler business, citing the impact of new national standards as an opportunity rather than a hindrance [1] Group 1: Sales Performance - In the first three quarters of this year, the sales of electric motorcycles slightly exceeded those of electric bicycles, indicating a strong performance in the motorcycle segment [1] - The electric motorcycle segment is not affected by the new national standards, providing stable performance support for the company [1] Group 2: Product Development - The company has proactively prepared multiple new electric bicycle models that comply with the new national standards [1] - These new products will feature significant differentiation in industrial design and smart experience, enhancing their market appeal [1] - The company plans to gradually launch these new products into the market, aligning with the new regulations [1]

Core Insights - In the past five trading days, a total of 239 companies were investigated by institutions, with significant interest in companies like Ding Tai Gao Ke, Nine Company, and Jing Chen Shares [1][2] - The majority of the investigations were conducted by securities companies, accounting for 90.38% of the total, followed by fund companies and private equity firms [1] - Among the companies investigated, 39 received attention from more than 20 institutions, with Ding Tai Gao Ke being the most scrutinized, attracting 239 institutions [1][2] Group 1: Institutional Research Activity - A total of 239 companies were investigated by institutions from November 18 to November 24 [1] - Securities companies conducted research on 216 companies, while fund companies and private equity firms investigated 150 and 80 companies, respectively [1] - Ding Tai Gao Ke received the highest number of institutional inquiries, with 239 institutions participating [1] Group 2: Financial Performance and Market Movement - In the past five days, six stocks among those investigated saw an increase in funds, with Jing Chen Shares receiving a net inflow of 449 million yuan [1][2] - The stocks that increased in value included Jing Chen Shares, which rose by 15.68%, and others like Hua Xi You Se and Si Ling Shares, which increased by 3.33% and 3.20%, respectively [2] - Conversely, 31 stocks experienced declines, with Ying Lian Shares, Rong Qi Ke Ji, and Hai You Xin Cai seeing the largest drops of 18.48%, 17.41%, and 14.83% [2] Group 3: Company-Specific Insights - Ding Tai Gao Ke's latest closing price was 100.50 yuan, with a decline of 8.30% [3] - Jing Chen Shares closed at 92.72 yuan, marking a significant increase of 15.68% [3] - Ying Lian Shares, on the other hand, closed at 17.11 yuan, reflecting a substantial decrease of 18.48% [3]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the last 30 days include United Imaging Healthcare, Lens Technology, Aibo Medical, Sanhua Intelligent Control, and Zhaoyi Innovation [2][13] - In the last 5 days, the most popular companies for institutional research include Ninebot Company-WD, Rongbai Technology, Lens Technology, Yintong Intelligent Control, and Yinglian Co., Ltd [2][15] - Among the top twenty companies in the last 30 days, 19 companies had 10 or more rating agencies involved, with significant profit growth expected for Jiao Cheng Ultrasound, Lanke Technology, and United Imaging Healthcare in Q1-Q3 of 2025 compared to the same period in 2024 [2][13][16] Group 2: Major Shareholder Increase in A-Share Listed Companies - From November 17 to November 21, 2025, five listed companies announced significant shareholder increases, with Changshu Bank increasing its shareholding by more than 1% of total equity, while Huangtai Liquor, Longlide, Fuguang Co., and Feiwo Technology planned to increase their holdings with an average of more than 1% of the market value on the announcement date [3][20] - From January 1 to November 21, 2025, a total of 295 companies announced significant shareholder increases, with 90 of them having 10 or more rating agencies involved. Among these, 23 companies had an average planned increase amount exceeding 1% of the market value on the announcement date, including Xianhe Co., Hubei Yihua, Xinji Energy, and Zhongju Gaoxin [5][22] Group 3: Share Buyback Situation in A-Share Listed Companies - From November 17 to November 21, 2025, 65 companies announced their buyback progress, with 16 companies having 10 or more rating agencies involved. Five companies had an average planned buyback amount exceeding 1% of the market value on the announcement date, with a focus on Jian Sheng Group, Trina Solar, and Prologis Pharmaceuticals [4][25] - From January 1 to November 21, 2025, a total of 1,805 companies announced their buyback progress, with 344 of them having 10 or more rating agencies involved. Among these, 88 companies had a significant buyback ratio, with two companies, Huaming Equipment and Prologis Pharmaceuticals, still in the board proposal stage [6][27]

Market Performance - On November 24, the three major A-share indices closed higher, with the Shanghai Composite Index rising by 0.05% to 3836.77 points, the Shenzhen Component Index increasing by 0.37% to 12585.08 points, and the ChiNext Index up by 0.31% to 2929.04 points [1]. Fund Manager Changes - In the past 30 days (October 25 to November 24), a total of 644 fund managers have left their positions across various funds. On November 24 alone, 72 funds announced changes in their fund managers [3]. - The reasons for the changes include 15 fund managers leaving due to job changes from managing 40 funds, 6 due to product expiration from managing 9 funds, and 3 for personal reasons from managing 23 funds [3]. Fund Manager Performance - Lu Yushan from Southern Fund currently manages assets totaling 1.109 billion yuan, with the highest return of 147.82% achieved in the Southern Reform Opportunity fund over 6 years and 305 days [5]. - Yu Haiyan from E Fund manages assets of 440.629 billion yuan, with the highest return of 155.84% from the E Fund CSI 300 Non-Bank ETF over 11 years and 154 days [5]. Fund Research Activity - In the past month, the most active fund company in conducting company research was Chuangjin Hexin Fund, which researched 214 listed companies. Other active fund companies included Bosera Fund, Huaxia Fund, and Ping An Fund, researching 117, 113, and 112 companies respectively [7]. - The medical device industry was the most researched sector, with 639 instances of research, followed by the chemical products industry with 502 instances [7]. Recent Company Focus - The most researched company in the last month was Luxshare Precision, with 76 fund management companies participating in the research. Other notable companies included Lens Technology and Ninebot, with 74 and 72 fund management companies involved respectively [8]. - In the past week (November 17 to November 24), Ninebot was the most researched company, receiving attention from 47 fund institutions, followed by Lens Technology, Rongbai Technology, and Boying Special Welding [9].

Group 1 - The "Lingguang" App, launched by Ant Group, has surpassed 1 million downloads within 4 days of its release, featuring three core functions: "Lingguang Dialogue," "Lingguang Flash Applications," and "Lingguang Open Eye" [2] - AMD CEO Lisa Su expressed confidence in the growing AI market, viewing it as a significant opportunity and stating that insufficient investment in AI could be more dangerous than a potential bubble [2] - The demand for computing power in AI is described as "endless," with companies providing reliable AI infrastructure expected to thrive as the market grows [2] Group 2 - In the past month, 17 listed companies, including Ninebot, Lens Technology, and others, have received over 200 institutional visits, indicating strong interest in robotics-related stocks [3] - Specific companies like Ninebot and Lens Technology had high institutional visit counts, with 365 and 348 visits respectively, highlighting their prominence in the robotics sector [3] - Meta has launched WorldGen, a system that generates interactive 3D worlds from a single text prompt, enhancing user immersion and exploration capabilities [3] Group 3 - Foxconn and NVIDIA are collaborating to build a supercomputing center with an investment of $14 billion, expected to be completed in the first half of 2026 [4] - The new department, Visonbay.ai, established by Foxconn for AI supercomputing and cloud operations, will utilize NVIDIA's Blackwell GB300 chips, marking the center as Asia's first GB300 AI data center [5]

Core Insights - Over a thousand listed companies have been investigated by institutional investors since November, indicating a high level of interest in the market [3][4] - The top three companies receiving the most institutional attention are Ninebot, Rongbai Technology, and Lens Technology, with Ninebot leading at 179 institutions [5][6] - Despite a recent pullback in tech stocks, sectors such as application software, integrated circuits, and electronic components continue to attract significant institutional research [12][13] Institutional Research Activity - As of the week of November 17 to 23, over 400 listed companies disclosed records of institutional investor investigations, maintaining a high level of research activity [4][5] - The top ten companies by the number of institutional inquiries include: 1. Ninebot: 179 institutions 2. Rongbai Technology: 137 institutions 3. Lens Technology: 121 institutions 4. Yingtang Zhikong: 61 institutions 5. Yinglian Co.: 49 institutions 6. Qiaocheng Ultrasonic: 47 institutions 7. Tainkang: 41 institutions 8. AVIC Heavy Machinery: 40 institutions 9. World: 38 institutions 10. Obsidian: 33 institutions [5][6] Sector Focus - The focus of institutional research has been on hard technology sectors, particularly in areas such as AI, robotics, and consumer electronics [12][13] - Companies like Lens Technology are optimistic about their future in the robotics sector, projecting significant growth in humanoid and quadruped robot shipments [6] - Institutions are particularly interested in AI technology, which is expected to transition into practical applications in the coming year, with opportunities in computing power, cloud infrastructure, and various applications [13]

Market Performance - All three major indices declined during the week from November 17 to 21, with the Shanghai Composite Index falling by 3.90%, the Shenzhen Component Index by 5.13%, and the ChiNext Index by 6.15% [1][2]. Stock Movements - A total of 17 stocks experienced a weekly increase of over 30%, with Jianglong Shipbuilding leading at a rise of 64.97%. Other notable gainers included Rongji Software (61.06%), Zhongshui Fishery (61.05%), and *ST Dongtong (45.41%) [3][4]. - Conversely, 58 stocks saw declines exceeding 20%, with Huasheng Lithium Battery leading the drop at 33.19%, followed by Shanshui Bide (31.71%) and Zhongneng Electric (28.42%) [3][4]. Trading Activity - 78 stocks had a turnover rate exceeding 100%, with C South Network leading at 256.12%, followed closely by Jianglong Shipbuilding at 251.43% and C Hengkun at 243.47% [5][6]. - The majority of stocks with turnover rates above 100% were from the power equipment, computer, and pharmaceutical sectors [5]. Capital Flow - No industry saw net inflows from major funds during the week, with the power equipment sector experiencing a net outflow exceeding 50 billion yuan. Notably, Kaimeteqi received a net inflow of 1.297 billion yuan, marking a weekly increase of 13.93% [8][9]. - Other stocks with significant net inflows included Yidian Tianxia (9.04 billion yuan), Rongji Software (7.71 billion yuan), and C South Network (7.68 billion yuan) [8][9]. Margin Trading - Ningde Times topped the list for net buy amounts in margin trading, with a net buy of 2.117 billion yuan despite a weekly decline of 8.44%. Other notable net buys included Zhongji Xuchuang and Aerospace Development [10][11]. Institutional Research - A total of 441 listed companies were researched by institutions, with Ninebot Company-WD receiving the most attention from 179 institutions. Other companies like Rongbai Technology and Lens Technology were also highlighted [13][14]. - Institutions showed a focus on sectors such as industrial machinery, electronic components, and specialty chemicals [13]. New Institutional Interests - Institutions initiated coverage on 50 stocks this week, with nine stocks receiving target prices. Notable mentions include Tanshihua with a target price of 11.14 yuan and Beifang Navigation with a target price of 15.60 yuan [15][16].

Wind数据显示，机构本周（11月17日至11月21日）共调研了441家上市公司，其中九号公司-WD最获关 注，参与调研的机构达179家。容百科技、蓝思科技、英唐智控分别获137、121、61家机构调研。 据统计，丰元股份获机构调研8次，冰轮环境、复洁环保获调研6次。 从调研行业来看，机构持续聚焦工业机械、电子元件、特种化工等板块。 ...