全文请见：三年16倍大牛股！德明利业绩亏损，实控人宣布减持计划后股价仍涨超80%！ 然而，与股价强势形成鲜明对比的是，公司2025年上半年财务数据呈现"冰火两重天"态势：营业收入同 比大幅增长88.83%至41.09亿元；但净利润却由盈转亏，录得亏损1.18亿元。此外，公司现金流压力持 续加剧。2022年~2024年，公司经营活动现金流净额分别为-3.31亿元、-10.15亿元、-12.63亿元，呈现加 速失血状态，而2025年上半年公司经营活动产生的现金流量净额为-5.90亿元。 实控人大额减持往往被理解为利空，然而德明利的实控人在发布减持计划后的1个多月时间，股价反而 大涨超80%，而德明利上市三年多的股价累计涨幅更是达16倍。到9月22日，公司发布公告称，李虎、 田华夫妇的减持计划已实施完毕。通过集中竞价和大宗交易方式，李虎、田华夫妇合计减持了439.65万 股，使其持股比例从36.91%降至35%。以公告中公布的减持均价计算，两人合计套现约4.96亿元。 ...

Core Viewpoint - The stock price of Demingli surged over 80% following the announcement of a share reduction plan by its controlling shareholders, despite the company reporting a net loss of 1.18 billion yuan in the first half of 2025, contrasting with a significant revenue increase of 88.83% to 4.109 billion yuan [1][2][3]. Group 1: Shareholder Actions and Stock Performance - The controlling shareholders of Demingli, Li Hu and Tian Hu, announced a plan to reduce their holdings by up to 5.7 million shares, representing 2.51% of the total share capital [2]. - Following the announcement, the stock price increased by 83.25% from August 19 to September 22, 2025 [2]. - Since its IPO in July 2022, Demingli's stock price has risen 16 times, from an adjusted issue price of 10.06 yuan to a closing price of 170.62 yuan [2]. Group 2: Financial Performance - In the first half of 2025, Demingli achieved a revenue of 4.109 billion yuan, marking an 88.83% year-on-year increase, primarily driven by a 290.1% surge in embedded storage business [3][4]. - The company reported a net loss of 1.18 billion yuan, a decline of 130.43% year-on-year, marking the third consecutive quarter of losses [3][4]. - Key profitability metrics showed a drastic decline, with gross margin dropping from 29% to 5.03% and net margin turning negative at -2.87% [3][4]. Group 3: Cash Flow and Operational Challenges - Demingli's operating cash flow has been under pressure, with net cash flow from operating activities recorded at -590 million yuan in the first half of 2025 [4]. - The company has faced increasing cash flow challenges, with projected negative cash flows of -331 million yuan, -1.015 billion yuan, and -1.263 billion yuan from 2022 to 2024 [4]. - The disparity between net profit and cash flow is attributed to business expansion, adjustments in credit policies, and increased inventory procurement costs [4][5]. Group 4: Market and Industry Dynamics - The semiconductor storage industry is experiencing a new upward cycle, with significant price increases since March 2025, driven by rising AI demand [6][7]. - Demingli's product lines, particularly embedded storage and enterprise SSDs, have seen rapid growth, contributing to the company's revenue increase [6][7]. - The company has successfully entered the supply chains of several well-known enterprises, indicating a strong market position [6].

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index closing at 3812.83 points, down 0.18%, while the ChiNext Index rose 0.21% to 3114.55 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 25,188 billion yuan, an increase of over 3,700 billion yuan compared to the previous day [1] Sector Performance - The tourism, real estate, pharmaceuticals, and brokerage sectors saw declines, with several stocks hitting the daily limit down [2] - Conversely, the banking sector performed well, with major banks like China Construction Bank and Industrial and Commercial Bank of China seeing gains of over 3% [3] - The semiconductor sector continued its strong performance, with stocks like Changchuan Technology and Xidian Co. hitting the daily limit up [5][10] Semiconductor Sector Insights - Changchuan Technology's profit forecast for the first three quarters of 2025 indicates a year-on-year increase of 131.39% to 145.38% due to strong market demand and substantial order volumes [10] - The domestic semiconductor industry is experiencing a push for increased localization, with a significant gap in GPU production capacity noted at approximately 3 million units [11] Notable Stocks - Tianpu Co. achieved a remarkable 15 consecutive trading days of limit-up, closing at 111.28 yuan per share, marking a historical high [12] - The semiconductor stocks such as Changchuan Technology and Xidian Co. both reached their daily limit up, reflecting strong investor interest [5][6]

中国经济网北京9月23日讯 德明利(001309)今日股价涨停，收报170.62元，涨幅10.00%。 龙虎榜数据显示，买入德明利金额最大的前五名中，有4家机构专用席位；卖出德明利金额最大的前五名中，有3家机构专用席位。经统计，机构席位今 日买入德明利净额为36181.21万元。 | 序号 | 上榜日期 | 相关 | 收盘价 涨跌幅 | 买方 卖方 机构买入 | | 机构卖出( | 机构买) | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 机构数 机 名陵 | 農额 同 | 总额(万) | 争额(万) | | | 2025-09-23 明细 股吧 170.62 10.00% | | | A | 76405.60 | 40224 39 | 36181.21 | | 序号 | | 交易营业部名称 | | | 买入金额(万) | 占总成交比例 | 卖出金额(万) | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 深股通专用 | | 772次 47.02% | 0 | 4843 ...

第1笔成交价格为170.62元，成交1.21万股，成交金额206.45万元，溢价率为0.00%，买方营业部为中信 证券股份有限公司北京呼家楼证券营业部，卖方营业部为兴业证券股份有限公司湖南分公司。 进一步统计，近3个月内该股累计发生47笔大宗交易，合计成交金额为9.79亿元。该股近5个交易日累计 上涨35.95%，主力资金合计净流出4.47亿元。 责任编辑：小浪快报 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月23日，德明利收涨10.00%，收盘价为170.62元，发生1笔大宗交易，合计成交量1.21万股，成交金额 206.45万元。 ...

New Stock Listings - YouSheng Co., Ltd. (Stock Code: 603418) listed at an issue price of 46.36 RMB on September 23, 2025[1] - ZhiTianTui (Stock Code: 300280) is in the delisting preparation period with 8 trading days remaining[1] - ZhongHuanHaiLu (Stock Code: 301040) and JiShiChuanMei (Stock Code: 601929) have recent announcements regarding trading activities[1] Trading Alerts - XianDaoZhiNeng (Stock Code: 300450) reported severe abnormal fluctuations in trading[1] - HangKeKeJi (Stock Code: 688006) and YuanLinCo (Stock Code: 605303) have recent trading alerts[1] - Multiple stocks including YunNanLvYou (Stock Code: 002059) and *STMuBang (Stock Code: 603398) have recent announcements related to trading activities[1] Market Trends - A total of 30 stocks have been flagged for abnormal trading activities in the past week, indicating increased market volatility[1] - The recent trading patterns suggest a potential shift in investor sentiment, particularly in the technology and media sectors[1]

德明利(001309.SZ)今日涨停3连板，股价创历史新高，换手率19.04%，成交额50.4亿元。龙虎榜数据显示，深股通买入4.84亿元，卖出5.88亿元，净卖出1.03 亿元；七家机构买入7.64亿元，卖出4.02亿元，净买入3.62亿元。上榜席位全天买入13.02亿元，卖出10.41亿元，合计净买入2.6亿元。(格隆汇) | | 买入金额最大的前5名 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | | 交易营业部名称 | | | 买入金额(万) | 占总成交比例 | 本 | | 1 | 深股通专用 | | 772次 47.02% | 9 | 48439.86 | 9.61% | | | 2 | 机构专用 | | 1733次 42.30% | ▲ | 19485.92 | 3.87% | | | 3 | 机构专用 | | 1733次 42.30% | ▲ | 11863.22 | 2.35% | | | র্ব | 机构专用 | | 1733次 42.30% | ▶ | 11573.10 | 2.30% | | ...

Core Viewpoint - The major shareholders of Demingli (001309.SZ), Li Hu and Tian Hua, have completed their share reduction plan, selling a total of 4,396,500 shares, which represents a reduction of 1.93775% of the company's total shares [1][3]. Shareholder Reduction Details - Li Hu reduced his holdings through competitive and block trading, selling a total of 4,176,500 shares at an average price of approximately 111.89 yuan per share, resulting in a cash-out of approximately 46.67 million yuan [2][3]. - Tian Hua sold 220,000 shares at an average price of 134.89 yuan per share, cashing out approximately 2.97 million yuan [3]. - The combined cash-out from both shareholders amounts to approximately 49.64 million yuan [3]. Shareholding Structure - Before the reduction, Li Hu held 83,586,629 shares, accounting for 36.84% of Demingli's total share capital, while Tian Hua indirectly held 888,051 shares, representing 0.39% [4]. - Li Hu and Tian Hua are identified as the actual controllers of Demingli and are in a marital relationship [4]. Company Background - Demingli was listed on the Shenzhen Stock Exchange on July 1, 2022, with an initial public offering of 20 million shares at a price of 26.54 yuan per share, raising a total of approximately 53.08 million yuan [5]. - The company planned to use the raised funds for various projects, including technology upgrades and research center construction [5]. - In 2024, Demingli issued 13,029,608 shares to specific investors at a price of 75.95 yuan per share, raising approximately 989.60 million yuan, with a net amount of approximately 972.04 million yuan after expenses [6].

人民财讯9月23日电，德明利（001309）今日涨停，成交额50.4亿元，换手率19.04%。盘后龙虎榜数据 显示，深股通专用席位买入4.84亿元并卖出5.88亿元，5家机构专用席位净买入5.22亿元，有2家机构专 用席位净卖出1.60亿元。 ...

（责任编辑：康博） 中国经济网北京9月23日讯 德明利(SZ:001309)今日股价涨停，截至收盘报170.62元，涨幅10.00%， 总市值387.11亿元。该股此前2个交易日涨停。 ...