（记者 曾健辉） 每经AI快讯，德明利9月23日晚间发布公告称，截至本公告日，李虎累计质押股数约为1380万股，占其 所持股份比例为17.38%。 每经头条（nbdtoutiao）——报价太低遭严防，投标企业还得"解释清楚"，一场国家组织的大型采购， 为何引发全行业关注 ...

证券代码：001309 证券简称：德明利 公告编号：2025-095 深圳市德明利技术股份有限公司 关于控股股东部分股份质押及解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 深圳市德明利技术股份有限公司（以下简称"公司"）近日收到了控股股东 李虎先生的通知，获悉其将所持有的公司部分股份办理了质押及解除质押手续， 具体情况如下： | | 李虎 是 | | 致行动人 | 东及其一 | 第一大股 名称 | 股股东或 股东 | 是否为控 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 3,750,000 | | | | 数量（股） | 本次质押 | | | | 4.72 | | (%) | 比例 | 股份 | 所持 | 占其 | | | 1.65 | | (%) | 比例 | 股本 | 司总 | 占公 | | | 否 | | 型） | 限售类 | 是，注明 | 售股（如 | 是否为限 | | | 否 | | | 押 | 充质 | 为补 | 是否 | | 日 | 月 22 | 2025 年 ...

Group 1 - On September 23, a total of 40 stocks were identified with institutional activity, with 21 stocks showing net buying and 19 stocks showing net selling [1] - The top three stocks with the highest net buying by institutions were Luxshare Precision, Demingli, and Haibo Sichuang, with net buying amounts of 373 million, 362 million, and 178 million respectively [1] - The top three stocks with the highest net selling by institutions were Wavelength Optoelectronics, Wolong Nuclear Materials, and Yingqu Technology, with net outflow amounts of 195 million, 185 million, and 161 million respectively [1]

Core Insights - Demingli's stock reached the daily limit increase, with a turnover rate of 19.04% and a transaction volume of 5.04 billion yuan, showing a price fluctuation of 6.76% [2] - Institutional investors net bought 362 million yuan, while the Shenzhen Stock Connect saw a net sell of 103 million yuan [2] - The stock was listed on the daily trading alert due to a price deviation of 10.78% [2] Trading Activity - The top five trading departments accounted for a total transaction volume of 2.343 billion yuan, with a net buying amount of 260 million yuan [2] - Seven institutional special seats participated, with a total buying amount of 764 million yuan and selling amount of 402 million yuan, resulting in a net buy of 362 million yuan [2] - The Shenzhen Stock Connect was the largest buying and selling department, with a buying amount of 484 million yuan and a selling amount of 588 million yuan, leading to a net sell of 103 million yuan [2] Recent Performance - Over the past six months, the stock has appeared on the trading alert five times, with an average price increase of 8.46% the day after being listed and an average increase of 22.75% over the following five days [3] - The stock experienced a net outflow of 223 million yuan in main funds today, with a significant outflow of 157 million yuan from large orders [3] - The latest margin trading data shows a total margin balance of 1.264 billion yuan, with a financing balance of 1.260 billion yuan and a securities lending balance of 4.034 million yuan [3] Margin Trading - In the past five days, the financing balance decreased by 236 million yuan, a decline of 15.79%, while the securities lending balance increased by 896,800 yuan, an increase of 28.58% [3]

Group 1 - On September 23, a total of 40 stocks were involved with institutional investors, with 21 showing net buying and 19 showing net selling [1] - The top three stocks with net buying by institutions were Luxshare Precision, Demingli, and Haibo Technology, with net buying amounts of 373 million, 362 million, and 178 million respectively [1] - The top three stocks with net selling by institutions were Wavelength Optoelectronics, Wolong Nuclear Materials, and Yingqu Technology, with net outflow amounts of 195 million, 185 million, and 161 million respectively [1] Group 2 - Longchuan Technology saw a 20% increase with a market value of 2,123.22 million [3] - Wanxiang Qianchao experienced a 9.98% increase with a market value of 1,737.71 million [3] - Guomai Culture had an 8.06% increase with a market value of 1,716.09 million [3] - Daogao Group experienced a decrease of 5.30% with a market value of 1,698.31 million [3] - Chuanrun Co. saw a 5.31% increase with a market value of 1,484.59 million [3] Group 3 - Yingshi Technology had a 10.02% decrease with a market value of 16,121.42 million [4] - Wolong Nuclear Materials experienced a 10% decrease with a market value of 18,494.36 million [4] - Wavelength Optoelectronics saw a 20% decrease with a market value of 19,517.04 million [4]

Core Viewpoint - The significant share reduction by the controlling shareholders of Demingli is perceived as a negative signal, yet the company's stock price surged over 80% following the announcement of the reduction plan, highlighting a disconnect between shareholder actions and market performance [1] Financial Performance - For the first half of 2025, Demingli reported a substantial revenue increase of 88.83%, reaching 4.109 billion yuan [1] - Despite the revenue growth, the company experienced a net loss of 118 million yuan, indicating a shift from profit to loss [1] - The company's cash flow situation is deteriorating, with net cash flow from operating activities projected to be negative for the years 2022 to 2024, at -331 million yuan, -1.015 billion yuan, and -1.263 billion yuan respectively, showing an accelerating cash outflow [1] - In the first half of 2025, the net cash flow from operating activities was -590 million yuan, further emphasizing the cash flow pressure [1] Shareholder Actions - The controlling shareholders, Li Hu and Tian Hua, completed their share reduction plan, selling a total of 4.3965 million shares, which decreased their ownership from 36.91% to 35% [1] - The average selling price during the reduction allowed the shareholders to cash out approximately 496 million yuan [1]

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。 ...