证券代码：000020 200020 证券简称：深华发 A 深华发 B 公告编号：2025-20 深圳中恒华发股份有限公司 关于召开 2025 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要提示： 一、召开会议的基本情况 1、股东会届次：2025 年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 26 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 26 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 12 月 26 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 ...

股票代码：000020 200020 股票名称：深华发A 深华发B 编号：2025-18 深圳中恒华发股份有限公司 第十一届监事会第十一次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、监事会会议召开情况 1.深圳中恒华发股份有限公司监事会于 2025 年 11 月 28 日以电子 邮件和送达方式向全体监事发出召开第十一届监事会第十一次会议的 通知。 2.本次监事会会议于 2025 年 12 月 8 日以通讯方式召开。 二、监事会会议审议情况 本次会议以投票表决的方式审议通过了《关于公司<监事会议事规 则>废止的议案》，监事会任期届满后不再举行换届选举，公司《监事 会议事规则》废止。 表决结果为：同意 2 票，反对 0 票，弃权 0 票。 三、备查文件 经与会监事签字并加盖监事会印章的监事会决议。 特此公告。 1 深圳中恒华发股份有限公司 监 事 会 3.本次监事会会议应参会表决监事 3 人，实际参会表决监事 2 人， 黄雁波女士因退休未出席会议，亦未委托他人出席会议。 4.本次监事会会议的召开符合有关法律、行政法规、部门规章、规 范性文件和公 ...

股票代码：000020 200020 股票名称：深华发A 深华发B 编号：2025-17 深圳中恒华发股份有限公司 第十一届董事会第十一次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 1.深圳中恒华发股份有限公司董事会于 2025 年 11 月 28 日以传 真及电子邮件方式向全体董事、监事发出召开第十一届董事会第十一 次会议的通知。 2.本次董事会会议于 2025 年 12 月 8 日以通讯方式召开。 3.本次董事会会议应参会表决董事 7 人，全部参会表决。 4.公司高级管理人员列席会议。 5.本次董事会会议的召开符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 二、董事会会议审议情况 在公司董事充分理解会议议案并表达意见后，本次会议形成以下 决议： 1、《关于公司董事会换届选举非独立董事的议案》 公司第十一届董事会于 2025 年 10 月任期届满，根据《公司法》 和《公司章程》的有关规定，公司董事会由 7 名董事组成，其中 1 名董事由公司职工代表担任（由公司职工民主选举产生）。经征求股 东单位意见、 ...

Market Overview - The market exhibited a fragmented low-volume trading pattern, with the Shanghai Composite Index slightly down by 0.15%, while the Shenzhen Component and ChiNext Index rose by 1.02% and 2.14% respectively. Approximately 3,600 stocks declined against over 1,600 that rose, with total trading volume reaching 1.7 trillion [1][3]. AI Hardware Sector - The AI hardware sector saw significant gains, with OCS continuing to strengthen and the CPO sector experiencing a collective rise. Key stocks such as Special Information and Zhongji Xuchuang hit new highs, while others like Saimicroelectronics and Yuxi Technology also saw substantial increases [4][6][7]. Consumer Sector - The consumer sector experienced a resurgence in the afternoon following the release of a plan by six departments aimed at enhancing the adaptability of consumer goods supply and demand. This plan anticipates the formation of three trillion-level consumption areas and ten billion-level consumption hotspots by 2027. Retail stocks like Dongbai Group and Sanjiang Shopping surged, with several stocks hitting the daily limit [9][10]. Shenzhen Local Stocks - Following the announcement of a financial support plan for enterprises in Guangdong, Shenzhen local stocks initially showed little reaction but later surged in the afternoon, led by stocks like Teli A and Shenhua A. The rally was partly driven by news regarding Vanke's debt situation and restructuring plans, which sparked interest in related local stocks [12][14][15][17]. Reader Culture - Reader Culture experienced a sudden surge of over 7% in the afternoon, closing with a 5.1% increase. The rise was attributed to heightened media attention surrounding figures like Luo Yonghao, suggesting that market movements may be influenced by social media trends rather than fundamental factors [20].

Core Insights - The optical and optoelectronic sector saw a slight increase of 0.19% on November 26, with Qianzhao Optoelectronics leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Qianzhao Optoelectronics (300102) closed at 16.25, up 10.47% with a trading volume of 1.7353 million shares and a transaction value of 2.787 billion [1] - Hu塑控股 (000509) closed at 4.03, up 10.11% with a trading volume of 296,500 shares and a transaction value of 116 million [1] - Other notable performers include 深华发A (000020) up 6.36%, 水晶光电 (002273) up 3.53%, and 华映科技 (000536) up 3.07% [1] Capital Flow - The optical and optoelectronic sector experienced a net outflow of 302 million from institutional investors, while retail investors saw a net inflow of 300 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2][3] Individual Stock Capital Flow - Qianzhao Optoelectronics had a net inflow of 97.1797 million from institutional investors, but a net outflow of 79.7584 million from speculative funds [3] - 华映科技 (000536) saw a net inflow of 70.1528 million from institutional investors, with retail investors contributing a net inflow of 51.7918 million [3] - 华塑控股 (000509) had a significant net inflow of 50.6239 million from speculative funds, but a net outflow from retail investors [3]

Core Insights - The company, 深华发A, is a diversified electronic enterprise established in 1981 and listed in 1992, with a focus on property management and electronic manufacturing [1] Financial Performance - For Q3 2025, 深华发A reported revenue of 683 million, ranking 30th out of 38 in the industry, significantly lower than the top competitors 京东方A (154.55 billion) and TCL科技 (135.94 billion), as well as below the industry average of 11.64 billion and median of 1.88 billion [2] - The net profit for the same period was 21.27 million, ranking 23rd in the industry, again trailing behind 京东方A (4.40 billion) and 康冠科技 (503 million), and below the industry average of 66.81 million and median of 33.17 million [2] Financial Ratios - As of Q3 2025, 深华发A's debt-to-asset ratio was 43.59%, an increase from 42.16% year-on-year, which is lower than the industry average of 45.77%, indicating relatively good debt repayment capability [3] - The gross profit margin for the same period was 12.26%, up from 11.99% year-on-year, but still below the industry average of 14.89%, suggesting room for improvement in profitability [3] Management and Shareholder Information - The chairman, 李中秋, has a stable salary of 480,000, unchanged from the previous year, and has been in leadership roles since 2007 [4] - As of September 30, 2014, the number of A-share shareholders decreased by 8.30% to 16,300, while the average number of circulating A-shares held per shareholder increased by 9.05% to 3,958.11 [5]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥226,770,875.73, representing a year-on-year increase of 14.48%[5] - Net profit attributable to shareholders for Q3 2025 was ¥6,926,957.32, a significant increase of 65.38% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,830,212.66, up 88.03% year-on-year[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.0245, reflecting a growth of 65.29% compared to the previous year[5] - Total operating revenue for the current period reached ¥682,950,220.46, an increase of 12.65% compared to ¥606,267,906.59 in the previous period[19] - The net profit for the current period is 21,266,931.43, an increase of 49.3% compared to 14,243,050.41 in the previous period[20] - Operating profit for the current period is 25,642,344.59, up from 17,564,985.89, reflecting a growth of 46.2%[20] - Total comprehensive income for the current period is 21,266,931.43, which is a 49.3% increase from 14,243,050.41 in the previous period[20] - Basic earnings per share for the current period is 0.0751, compared to 0.0503 in the previous period, representing a growth of 49.3%[21] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥753,231,361.36, an increase of 10.74% from the end of the previous year[5] - The company's equity attributable to shareholders increased to ¥424,925,939.36, up 5.27% from the end of the previous year[5] - Total liabilities rose to ¥328,305,422.00 from ¥276,533,673.57, an increase of 18.73%[17] - Cash and cash equivalents decreased to ¥147,761,130.11 from ¥203,169,481.08, a decline of 27.38%[16] - Cash and cash equivalents at the end of the period amount to 67,419,151.15, compared to 59,192,450.95 at the end of the previous period, showing an increase of 13.8%[23] Cash Flow - Cash flow from operating activities showed a negative net amount of -¥44,676,025.37, indicating a decline of 268.21% compared to the previous year[5] - Cash flow from operating activities shows a net outflow of -44,676,025.37, compared to -12,133,184.12 in the previous period, indicating a decline in cash generation[22] - The company received cash from operating activities totaling 642,156,788.33, an increase from 588,660,188.48 in the previous period[22] - The company reported a cash outflow from investing activities of -1,434,582.92, slightly improved from -1,859,489.33 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,401[9] - Wuhan Zhongheng Group holds 42.13% of shares, totaling 119,289,894 shares, all of which are frozen and pledged[9] - The second largest shareholder, Seg (Hong Kong) Limited, holds 5.85% of shares, totaling 16,569,560 shares[9] - The company has no preferred shareholders or changes in the top 10 shareholders due to margin trading[10] - The top 10 shareholders do not participate in margin trading activities[10] Operational Highlights - The company reported a significant increase in government subsidies, with total non-recurring gains amounting to ¥4,090,206.03, a rise of 795.89% year-on-year[8] - Accounts receivable increased by 67.18% to ¥229,546,447.19 due to sales growth[8] - The company experienced a 48.78% increase in cash received from investment activities, totaling ¥305,000,000.00, attributed to increased financial investments[8] - Inventory levels rose to ¥70,696,502.56, up from ¥58,664,510.58, marking a 20.00% increase[16] - The company reported R&D expenses of ¥11,702,664.62, up from ¥9,164,232.41, indicating a 27.73% increase in investment in innovation[19] Legal and Regulatory Matters - The company has ongoing legal matters related to the urban renewal project, with a claim for economic damages of 52 million yuan[12] - The company is involved in a land exchange agreement with Wuhan Zhongheng Group, which includes two industrial land parcels totaling approximately 48,200 square meters[10] - The expected compensation for the company from the urban renewal project is estimated to be 50.5% of the total compensation[11] - The company has not yet released the pledged shares held by its controlling shareholder[13] - As of December 31, 2015, Wuhan Zhongheng Group pledged 88,750,047 shares to China Merchants Securities Asset Management Co., Ltd.[13]

Core Insights - The company reported a third-quarter revenue of 227 million, representing a year-on-year increase of 14.48% [1] - The net profit for the third quarter was 6.927 million, showing a significant year-on-year growth of 65.38% [1] - For the first three quarters, the total revenue reached 683 million, which is a 12.65% increase compared to the same period last year [1] - The net profit for the first three quarters amounted to 21.267 million, reflecting a year-on-year growth of 49.31% [1]

Core Insights - The optical and optoelectronic sector experienced a rise of 1.05% on October 24, with Chenfeng Technology leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Chenfeng Technology (603685) closed at 21.12, up 10.00% with a trading volume of 86,700 shares and a turnover of 175 million yuan [1] - Dongtian Micro (301183) closed at 101.10, up 8.42% with a trading volume of 113,300 shares [1] - Tianshan Electronics (301379) closed at 31.67, up 6.70% with a trading volume of 199,600 shares [1] - Other notable performers include Sudavige (300331) up 5.48% and Huichuangda (300909) up 5.46% [1] Capital Flow - The optical and optoelectronic sector saw a net outflow of 466 million yuan from institutional investors and 155 million yuan from retail investors, while retail investors had a net inflow of 621 million yuan [2] - The capital flow data indicates a mixed sentiment among different investor types within the sector [2] Individual Stock Capital Flow - Crystal Optoelectronics (002273) experienced a net outflow of 74.89 million yuan from institutional investors [3] - Wave Length Optoelectronics (301421) had a net inflow of 44.73 million yuan from institutional investors [3] - Sudavige (300331) saw a net inflow of 41.19 million yuan from institutional investors [3]

New Stock Issuance - New stock issuance includes 泰凯英 (code: 920020) at an issuance price of 7.50 and 超颖电子 (code: 732175) at 17.08[1] Equity Market Alerts - 上纬新材 (code: 688585) is undergoing a tender offer from September 29, 2025, to October 28, 2025[1] - 科思科技 (code: 688788) and 博瑞医药 (code: 688166) have recent announcements dated September 26, 2025, and October 10, 2025, respectively[1] - 南新制药 (code: 688189) reported severe abnormal fluctuations on October 10, 2025[1] Trading Alerts - A total of 50 stocks have trading alerts with the latest announcements on October 15, 2025, including 国光连锁 (code: 605188) and 中持股份 (code: 603903)[1] - The lowest trading alert price recorded is 1,116 for 赛恩斯 (code: 688480)[1]