Group 1 - A total of 7 companies had their restricted shares unlocked on November 3, with a combined unlock volume of 242 million shares, valued at 4.354 billion yuan based on the latest closing prices [1] - The companies with the highest unlock volumes are Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent, with unlock shares of 153 million, 48.76 million, and 28.92 million respectively [1] - In terms of unlock value, Yunding Technology, Hongbo Pharmaceutical, and Ruina Intelligent lead with unlock values of 1.74 billion yuan, 1.686 billion yuan, and 748 million yuan respectively [1] - The highest percentage of total share capital unlocked is seen in Hongbo Pharmaceutical, Yunding Technology, and Ruina Intelligent, with unlock ratios of 34.93%, 22.61%, and 21.28% respectively [1]

Group 1 - The core issue is that Qingyue Technology (688496) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false financial reporting, which could lead to a forced delisting if found guilty [1][2] - The company reported a total revenue of 476 million yuan for the third quarter of 2025, a year-on-year decrease of 13.64%, and a net profit attributable to shareholders of -43.35 million yuan, an increase of 11.3% year-on-year [1] - The stock closed at 8.94 yuan per share, with a market capitalization of 4.023 billion yuan [1] Group 2 - Next week, 30 stocks will face a total unlock market value of 20.322 billion yuan, with Huaxia Eye Hospital having the largest unlock value of 9.993 billion yuan [4][5] - The highest unlock ratio is for Huaxia Eye Hospital at 60.85%, followed by several other companies with significant unlock ratios [6] - The average stock price of the 30 stocks facing unlock has decreased by 1.89% since October, with some stocks like Transsion Holdings experiencing a significant drop of 19% [9]

Core Viewpoint - Next week, 30 stocks will have their restrictions lifted, with a total market value of 20.322 billion yuan based on the latest closing prices [1] Group 1: Stock Unlocking Details - Huaxia Eye Hospital will have 511 million shares available for trading, primarily consisting of original shareholders' restricted shares, with a market value of 9.993 billion yuan, the highest among the stocks [1] - Yunding Technology follows with 153 million shares to be unlocked, mainly from the placement of shares to targeted investors, with a market value of 1.74 billion yuan [1] Group 2: Unlocking Ratios - Huaxia Eye Hospital has the highest unlocking ratio at 60.85% [1] - Other companies with significant unlocking ratios include Hongbo Pharmaceutical, Naike Equipment, Yunding Technology, Ruina Intelligent, and Gangdi Technology [1]

Core Viewpoint - Yunding Technology is a leading provider of industrial internet solutions in China, with strong market competitiveness and a comprehensive service capability across the entire industry chain [1] Group 1: Business Overview - Yunding Technology was established on March 2, 1993, and listed on the Shenzhen Stock Exchange on June 27, 1996, with its headquarters in Jinan, Shandong Province [1] - The company's main businesses include iron ore mining, precious metal mining, healthcare, new energy, and tire manufacturing [1] - The company is classified under the computer - IT services II - IT services III sector and is associated with concepts such as Huawei Pangu, data elements, small-cap nuclear fusion, superconducting concepts, and nuclear power [1] Group 2: Financial Performance - In Q3 2025, Yunding Technology reported revenue of 864 million yuan, ranking 52nd among 131 companies in the industry, with the industry leader, Digital China, generating 102.365 billion yuan [2] - The net profit for the same period was 66.4865 million yuan, placing the company 30th in the industry, while the top performer, Unisplendour, achieved a net profit of 1.723 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Yunding Technology's debt-to-asset ratio was 31.21%, an increase from 30.10% year-on-year, which is lower than the industry average of 38.93% [3] - The company's gross profit margin for Q3 2025 was 30.99%, down from 32.91% year-on-year, but still above the industry average of 29.96% [3] Group 4: Management and Shareholder Information - The chairman, Liu Jian, has extensive experience and has been with the company since its inception, while the general manager, Liu Bo, saw a salary increase of 71,400 yuan year-on-year, reaching 942,300 yuan in 2024 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 16.48% to 79,700, with an average holding of 5,313.91 shares, an increase of 19.73% [5] Group 5: Business Highlights and Future Outlook - In the first half of 2025, the company reported revenue of 639 million yuan, a year-on-year increase of 0.30%, while net profit decreased by 42.36% to 42 million yuan [5] - Key business highlights include significant growth in ERP implementation and operation services, rapid development in smart power new energy products, and advancements in core technologies such as artificial intelligence and smart mining [5] - Market expansion efforts have led to breakthroughs in non-coal mining sectors, with a focus on ecological cooperation and brand enhancement [5] - Forecasts for 2025-2027 project revenues of 1.571 billion, 1.847 billion, and 2.201 billion yuan, with net profits of 99 million, 126 million, and 159 million yuan respectively [5]

证券代码：000409 证券简称：云鼎科技 公告编号：2025-050 云鼎科技股份有限公司 关于非公开发行限售股份解除限售上市流通的提示性公告 本公司及董事会全体成员保证本公告的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1.本次解除的限售股份为云鼎科技股份有限公司 2022 年度向特定对象发行 股票的限售股份。 2.本次解除限售股东户数共 1 户，解除限售的股份数量为 153,279,347 股， 占公司目前总股本的 22.61%，限售股份起始日期为 2022 年 11 月 2 日，限售期 限为 36 个月。 3.本次解除限售的股份上市流通日期为 2025 年 11 月 3 日。 一、本次解除限售股份的基本情况 经中国证券监督管理委员会《关于核准云鼎科技股份有限公司非公开发行股 票的批复》（证监许可[2022]2038 号）核准，云鼎科技股份有限公司（"公司"） 向特定对象山东能源集团有限公司（"山能集团"）非公开发行人民币普通股（A 股）股票 153,279,347 股。本次发行新增股份于 2022 年 11 月 2 日在深圳证券交 易所上市，限售期为自本次新增股份上市之日 ...

中信建投证券股份有限公司 关于云鼎科技股份有限公司 非公开发行限售股份解除限售上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为云鼎科技股份有限公司（以下简称"云鼎科技"或"公司"）2022 年度非公 开发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证 券交易所股票上市规则》等有关规定，对限售股份上市流通事项进行了审慎核查， 具体情况如下： 一、本次解除限售股份的基本情况 经中国证券监督管理委员会《关于核准云鼎科技股份有限公司非公开发行股 票的批复》（证监许可[2022]2038 号）核准，公司向特定对象山东能源集团有限 公司（以下简称"山能集团"）非公开发行人民币普通股（A 股）股票 153,279,347 股，本次发行新增股份于 2022 年 11 月 2 日在深圳证券交易所上市，限售期为自 本次新增股份上市之日起 36 个月。本次非公开发行股票完成后，公司总股本由 510,931,158 股增加至 664,210,505 股。 本次发行后至本核查意见出具日，公司因限制性股票激励计划授予、限制性 股票回购注销等导致总股本数量发生变动，具体变 ...

Core Insights - Shandong Energy Group and Huawei jointly launched the Yunding Fuxi Chemical Model and six mature application scenarios at the 21st China International Coal Mining Technology Exchange Conference, aiming to provide scalable intelligent transformation paths for the energy industry [1][4] Group 1: Model and Applications - The Yunding Fuxi Chemical Model was developed over two years by Yunding Technology, integrating chemical process mechanisms, expert experience, and equipment and quality data [4] - The model features capabilities such as intelligent optimization of gasification coal blending, methanol distillation process, low-temperature methanol washing, AI comprehensive analysis and early warning, intelligent monitoring of belt conveyors, and intelligent inspection of sulfur recovery [4] - Six innovative outcomes were introduced, covering mining production, network support, collaborative management, platform empowerment, and non-coal mining sectors [4] Group 2: Strategic Collaboration - Since the strategic partnership began in 2021, Shandong Energy Group and Huawei have established several innovative platforms, including a 5G smart mining laboratory and an intelligent mining testing center [5] - The collaboration has expanded from coal to chemical and high-end manufacturing sectors, injecting new momentum into traditional energy industries [5] - The successful release of these results signifies the validation of a "factory-style" development model that integrates AI large models and industrial internet technologies with industry knowledge [5] Group 3: Industry Impact - The China Coal Industry Association highlighted the collaboration as a benchmark for digital transformation in the industry, emphasizing the importance of key technology breakthroughs and disruptive innovation [4] - Yunding Technology has developed over 220 AI application scenarios, covering nearly 100 units, creating a replicable and promotable industry intelligent solution [5] - The new Fuxi model aims to empower the entire process of production operations, safety management, and process optimization in the chemical industry [5]

Group 1 - The core point of the article is the announcement of the re-tendering evaluation results for the emergency command system project by Shandong Gold Mining Co., Ltd. on October 26 [1] - Shandong Gold Mining has invested in a total of 27 enterprises and participated in 4,361 bidding projects [1] - The company holds 3 trademark registrations, 54 patents, and 6 copyrights, along with 30 administrative licenses [1] Group 2 - The winning bid for the emergency command system project was awarded to Yunding Technology Co., Ltd. with a contract amount of 2,699,700 [3] - The project is located in Shandong Province and was published on October 26, 2025 [3]

Core Viewpoint - The renovation and building materials sector experienced a slight increase, closing at 15,696.18 points with a growth rate of 0.23% on October 27 [1] Group 1: Stock Performance - Several stocks in the renovation and building materials sector saw price increases, with Asia's Creative Energy leading the gains at 7.52 CNY per share, up by 9.94% [1] - Wanli Stone closed at 35.80 CNY per share, marking a growth of 5.20%, ranking second in the sector [1] - *ST Sitong closed at 7.76 CNY per share, with a rise of 5.01%, placing third among renovation and building materials stocks [1] - Conversely, Beijing Lier led the declines, closing at 8.13 CNY per share, down by 9.97% [1] - Youbang Ceiling closed at 24.40 CNY per share, with a decrease of 6.94%, ranking second in losses [1] - Dinggu Jichuang closed at 9.75 CNY per share, down by 6.43%, placing third in the decline rankings [1] Group 2: Market Insights - According to a report by EIU Think Tank, the smart home market in China is projected to exceed 1 trillion CNY by 2025 [1] - Major players in the internet, home appliances, and traditional hardware sectors are increasingly investing in the smart home market, leading to enhanced product supply and technological advancements [1] - The expansion of the smart home market is becoming more pronounced due to these developments [1]

Core Viewpoint - The home improvement and building materials sector experienced a slight increase, closing at 15,798.45 points with a gain of 0.89% on October 27, indicating a positive market sentiment in this industry [1] Group 1: Stock Performance - Several stocks in the home improvement and building materials sector saw price increases, with Asia's Chuang Neng leading the gains at 7.52 CNY per share, up 9.94% [1] - Mengbaihe closed at 10.18 CNY per share, marking a 6.15% increase, ranking second in the sector [1] - *ST Si Tong closed at 7.76 CNY per share, with a gain of 5.01%, ranking third among the sector stocks [1] - Conversely, Beijing Lier led the declines, closing at 8.45 CNY per share, down 6.42% [1] - Dinggu Jichuang closed at 9.78 CNY per share, with a decrease of 6.14%, ranking second in losses [1] - Filinger closed at 43.30 CNY per share, down 2.26%, ranking third in the decline [1] Group 2: Market Insights - Citic Securities' research report indicates that the national subsidy for home improvement has shown some effectiveness, with noticeable improvements in home demand in cities or regions with greater policy flexibility [1] - The current demand being released is primarily driven by essential needs, and the recovery of renovation demand and the end of consumption downgrade in the home improvement industry are expected to rely on further policy enhancements and optimizations [1]