南财智讯1月29日电，红棉股份发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 7850万元—9950万元，同比预减80.85%—84.89%；预计2025年全年归属于上市公司股东的扣除非经常 性损益的净利润为8000万元—9900万元。 ...

2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上情形 1、业绩预告期间：2025 年 1 月 1 日-2025 年 12 月 31 日。 （1）以区间数进行业绩预告的 单位：万元 证券代码：000523 证券简称：红棉股份 公告编号：2026－002 广州市红棉智汇科创股份有限公司 2025 年度业绩预告 本公司及其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 性陈述或者重大遗漏。 一、本期业绩预计情况 公司 2025 年度经营业绩变动的主要原因如下： 1、公司上年同期存在偶发性事项，2024 年公司对挂账超过三年的其他应收款 核销并进行资产损失扣除，由此导致递延所得税费用减少约 4.29 亿元，引起公司 2024 年度归属于上市公司股东的净利润大幅增加，影响金额约为 4.29 亿元。2025 年公司未有前述偶发性事项，因而公司归属于上市公司股东的净利润呈较大幅度的 下降，若不考虑 2024 年递延所得税费用事项，公司归属于上市公司股东的净利润同 比保持平稳。 2、公司 2025 年度扣除非经常性损益后的净利润保持稳定增长，主要得益于： 一是全资子公司广州华糖食品有限公司持 ...

Market Overview - The comprehensive sector declined by 0.36% compared to the previous trading day, with Zongyi Co. leading the decline [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable gainers included: - Teda Co. (Code: 000652) with a closing price of 4.47, up 1.82% on a trading volume of 465,500 shares and a turnover of 207 million yuan [1] - Teli A (Code: 000025) with a closing price of 19.29, up 1.79% on a trading volume of 220,400 shares and a turnover of 42.7 million yuan [1] - Nanjing Public Utilities (Code: 000421) with a closing price of 7.39, up 1.51% on a trading volume of 225,900 shares and a turnover of 166 million yuan [1] - Notable decliners included: - Zongyi Co. (Code: 600770) with a closing price of 6.36, down 3.78% on a trading volume of 1,099,200 shares and a turnover of 705 million yuan [2] - Sanmu Group (Code: 000632) with a closing price of 5.24, down 3.14% on a trading volume of 297,900 shares and a turnover of 156 million yuan [2] - Zhangzhou Development (Code: 000753) with a closing price of 7.48, down 2.86% on a trading volume of 368,100 shares and a turnover of 278 million yuan [2] Capital Flow - The comprehensive sector experienced a net outflow of 175 million yuan from main funds, while retail funds saw a net inflow of 78.95 million yuan [2] - The detailed capital flow for selected stocks showed: - Yuegui Co. (Code: 000833) had a main fund net inflow of 36.89 million yuan, but a net outflow from retail funds of 22.58 million yuan [3] - Nanjing Public Utilities (Code: 000421) had a main fund net inflow of 11.50 million yuan, with a net outflow from retail funds of 5.39 million yuan [3] - Tianchen Co. (Code: 600620) had a significant main fund net outflow of 9.34 million yuan, but a net inflow from retail funds of 11.27 million yuan [3]

Market Overview - On January 20, the A-share market showed a mixed performance with the Shanghai Composite Index slightly down by 0.01% at 4113.65 points, while the Shenzhen Component and ChiNext Index fell by 0.97% and 1.79% respectively, closing at 14155.63 points and 3277.98 points [1] - The total trading volume reached 2.78 trillion yuan, indicating a slight increase in activity but still below the five-day average, with a clear capital siphoning effect [1] - The market focus shifted towards cyclical and defensive sectors, with precious metals, chemicals, and infrastructure leading gains, while previously popular sectors like commercial aerospace, semiconductors, and AI computing faced significant corrections [1] Main Capital Trends - Major funds exhibited a "abandon high for low" characteristic, with net inflows of 8.5 billion yuan into the chemical sector and 4.2 billion yuan into precious metals, while significant outflows occurred in AI computing and commercial aerospace sectors, with net withdrawals of 12 billion yuan and 7.8 billion yuan respectively [2] - Northbound funds recorded a net purchase of 5.8 billion yuan, focusing on resource stocks like Zijin Mining and Shandong Gold, as well as consumer and semiconductor sectors [2] - The overall market saw over 60% of stocks decline, indicating a clear divergence in fund preferences and a retreat in risk appetite [2] Investment Opportunities in Newly Listed Stocks - China Chemical (601117): A leading player in the chemical engineering sector, the stock closed at 8.79 yuan with a recent five-day increase of 7.59%, indicating significant valuation recovery potential due to deep discounting [3] - Hongmian Co., Ltd. (000523): Engaged in textile and apparel, the stock closed at 4.24 yuan with a five-day increase of 6.27%, benefiting from improving consumer demand and stable raw material prices [4] - Mingtai Aluminum (601677): A leader in aluminum processing, the stock closed at 16.63 yuan with a five-day increase of 11.99%, supported by strong demand from the new energy and industrial sectors [5] Summary and Investment Recommendations - The A-share market on January 20 displayed a mixed performance, with the Shanghai index slightly down while the Shenzhen indices fell more significantly, indicating a cautious short-term sentiment [11] - The focus on low-valuation cyclical stocks and sector leaders like China Chemical and Mingtai Aluminum is recommended, as they are significantly undervalued and show potential for valuation recovery [11] - Conversely, stocks with excessive valuation premiums, such as Fenglong Co., Ltd. and Aviation Power Technology, should be avoided due to their reliance on short-term market sentiment without fundamental support [11][12]

Core Viewpoint - The Guangdong Free Trade Zone concept has shown a positive performance with a 1.44% increase, ranking 9th among concept sectors, indicating a growing interest and investment in this area [1]. Group 1: Market Performance - The Guangdong Free Trade Zone concept saw 18 stocks rise, with notable performers including Hongmian Co., Yue Media, and Yaowang Technology reaching their daily limit up [1]. - The top gainers in the sector included Shiyong Zhaoye, Huanlejia, and Huafa Co., with increases of 3.20%, 3.10%, and 2.96% respectively [1]. - Conversely, stocks such as Yuegui Co., Zhongjing Electronics, and Yichang Technology experienced declines of 4.12%, 2.52%, and 1.77% respectively [1]. Group 2: Capital Flow - The Guangdong Free Trade Zone concept attracted a net inflow of 733 million yuan from main funds, with 13 stocks receiving net inflows, and 8 stocks exceeding 10 million yuan in net inflow [2]. - Yue Media led the net inflow with 337 million yuan, followed by Yaowang Technology and Hongmian Co. with net inflows of 217 million yuan and 167 million yuan respectively [2]. - The net inflow ratios for Yaowang Technology, Hongmian Co., and Yue Media were 39.87%, 32.90%, and 30.42% respectively, indicating strong investor interest in these stocks [3].

Core Viewpoint - The A-share market shows a slight decline with the Shanghai Composite Index closing at 4113.65 points, below the five-day moving average, with a change of -0.01% [1] Group 1: Market Overview - The total trading volume of A-shares today reached 28,042.35 billion yuan [1] - A total of 412 A-shares have prices that surpassed the five-day moving average [1] Group 2: Stocks with Significant Deviation - The stocks with the largest deviation from the five-day moving average include: - Meibang Technology (证券代: 920471) with a deviation rate of 21.58%, closing at 17.49 yuan, up 29.94% today [2] - Jiayun Technology (证券代: 300242) with a deviation rate of 10.57%, closing at 6.38 yuan, up 19.92% today [2] - Hongmian Co., Ltd. (证券代: 000523) with a deviation rate of 8.16%, closing at 4.24 yuan, up 10.13% today [2] Group 3: Additional Stocks with Positive Performance - Other notable stocks with positive performance and deviation from the five-day moving average include: - Shanghai Jiubai (证券代: 600838) with a deviation rate of 8.11%, closing at 14.07 yuan, up 10.01% today [2] - Zhonghua Enterprise (证券代: 600675) with a deviation rate of 7.73%, closing at 3.04 yuan, up 10.14% today [2] - Guozhong Water Affairs (证券代: 600187) with a deviation rate of 7.48%, closing at 2.76 yuan, up 9.96% today [2]

Market Overview - The Shanghai Composite Index closed at 4105.16 points, below the five-day moving average, with a decline of 0.21% [1] - The total trading volume of A-shares reached 230.22 billion yuan [1] Stocks Performance - A total of 339 A-shares have prices that broke through the five-day moving average today [1] - The stocks with the largest deviation rates include: - Meibang Technology (21.58%) - Jiayun Technology (10.57%) - Dongtong Retreat (8.25%) [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - China Merchants Bank - Balanshi - Aike Co., Ltd. [1] Top Stocks by Deviation Rate - The top stocks with significant price increases and their respective deviation rates are: - Meibang Technology: 29.94% increase, 25.39% turnover rate, latest price 17.49 yuan [1] - Jiayun Technology: 19.92% increase, 18.95% turnover rate, latest price 6.38 yuan [1] - Dongtong Retreat: 9.78% increase, 9.36% turnover rate, latest price 2.02 yuan [1] - Other notable stocks include: - Hongmian Co., Ltd.: 10.13% increase, latest price 4.24 yuan, deviation rate 8.16% [1] - Shanghai Jiubai: 10.01% increase, latest price 14.07 yuan, deviation rate 8.11% [1]

Market Overview - A-shares opened high but closed lower, with the Shanghai Composite Index down 0.3% at 4101.62 points, Shenzhen Component down 1.22%, and ChiNext Index down 1.83% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.85 trillion yuan, an increase of 568 billion yuan compared to the previous trading day [2] Sector Performance - The communication equipment, aerospace military, electronic components, basic metals, and energy equipment sectors experienced significant declines [2] - The banking and insurance sectors saw a notable rise, with food and beverage, real estate, and semiconductor sectors also performing well [2] Banking and Insurance Sector - The banking and insurance sector showed resilience, with major insurance stocks like China Life and Ping An rising over 1% [3] - Key banking stocks such as CITIC Bank increased by over 2%, while other banks like China Construction Bank and Bank of China rose by over 1% [5] - A report from China Galaxy Securities indicated that structural monetary policy tools and a marginal improvement in RMB credit could support bank lending [5] Food and Beverage Sector - The food and beverage sector was active, with food processing stocks leading the gains, including Hongmian Co., Jingji Zhino, and Weizhi Xiang, all hitting the daily limit [6] - Notable performers included Hongmian Co. with a 10.13% increase and Jingji Zhino with a 10.01% increase [7] Real Estate Sector - The real estate sector showed a rebound, with stocks like Dayue City and Chengtou Holdings hitting the daily limit, and others like China Merchants Shekou and Binjiang Group rising over 5% [8] - Recent data from the National Bureau of Statistics indicated a slight decrease in new residential sales prices in first-tier cities, which may influence market sentiment [10] Aerospace and Military Sector - The aerospace and military sector faced significant declines, with stocks like Tongyu Communication and Aerospace Power hitting the daily limit down, and Aerospace Hongtu dropping 13% [11] - Other companies in the sector, such as China Satellite and China Aerospace, also saw declines exceeding 6% [12]

Core Viewpoint - Hongmian Co., Ltd. (SZ000523) experienced a limit-up on January 20, 2026, reaching a price of 4.24 yuan, with a 10.13% increase, resulting in a total market capitalization of 7.782 billion yuan and a circulating market value of 5.619 billion yuan, with a total transaction amount of 376 million yuan [1][2]. Group 1 - The increase in stock price is attributed to growth in the beverage business, improved park operations, and enhanced cash flow [2]. - The company's main business includes food and beverage as well as cultural and creative industry park development and operation. Recent announcements indicate that the beverage segment has seen both revenue and gross margin growth, with significant results from e-commerce and expansion into external markets. The launch of multiple new products in 2025 has received positive market feedback [2]. - The subsidiary, Xinshicheng, is actively exploring external markets, leading to increased revenue and profit in the park operation segment, which supports the stock price increase [2]. Group 2 - The company's financial situation has improved, with operating cash flow shifting from a negative 37.33 million yuan to a positive 338 million yuan, representing a year-on-year increase of 1004.86%. The non-recurring net profit for the first three quarters grew by 13.87%, indicating enhanced profitability in core operations [2]. - The company has been revising multiple systems to optimize corporate governance, which is expected to benefit long-term governance levels and development potential [2]. - The recent performance of the food and beverage and park operation sectors has attracted market attention, with some related stocks also performing well, creating a sectoral linkage effect [2].

Group 1 - The A-share market has seen a strong performance in the new retail sector, with stocks such as Hongmian Co., Hanchang Group, and Shanghai Jiubai hitting the daily limit, while Xinhua Department Store rose over 6% [1] - The National Development and Reform Commission (NDRC) plans to formulate an implementation plan for expanding domestic demand from 2026 to 2030, aiming to create new demand through new supply and provide strong innovation measures and resource guarantees [1] - The NDRC is currently working on actions to stabilize employment and expand capacity, as well as plans to increase urban and rural residents' income, with the goal of enhancing consumer capacity and optimizing consumption upgrades [1] Group 2 - Notable stock performances include Hongmian Co. with a 10.13% increase and a market capitalization of 7.782 billion, and Hanchang Group with a 10.02% increase and a market capitalization of 3.434 billion [2] - Shanghai Jiubai also saw a 10.01% increase, bringing its market capitalization to 5.640 billion, while Xinhua Department Store increased by 6.18% with a market cap of 4.959 billion [2] - Other companies like HeBai Group and Wancheng Group experienced increases of over 5%, with market capitalizations of 6.910 billion and 39.9 billion respectively [2]