Core Insights - Guanghe Technology (001389.SZ) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance [1] Financial Performance - The company achieved an operating revenue of 3.835 billion yuan, representing a year-on-year growth of 43.07% [1] - The net profit attributable to shareholders reached 724 million yuan, with a year-on-year increase of 46.97% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 704 million yuan, reflecting a year-on-year growth of 46.71% [1]

Group 1 - The company Guanghe Technology (SZ 001389) announced that as of the disclosure date, the guarantee balance for its subsidiaries is approximately 483 million yuan, accounting for 15.7% of the company's audited net assets for 2024 [1] - After this guarantee, the total guarantee amount for subsidiaries will be 1.39 billion yuan, which represents 45.21% of the company's audited net assets for 2024, including the already incurred guarantee of about 483 million yuan [1] - For the first half of 2025, Guanghe Technology's revenue composition is as follows: printed circuit boards account for 93.42%, while other businesses account for 6.58% [1] Group 2 - As of the report, Guanghe Technology has a market capitalization of 34.8 billion yuan [1]

Group 1: Kingsoft Office - Kingsoft Office reported a revenue of 1.521 billion yuan in Q3 2025, a year-on-year increase of 25.33% [1][2] - The net profit attributable to shareholders for Q3 2025 was 431 million yuan, reflecting a growth of 35.42% year-on-year [1][2] - For the first three quarters of 2025, the total revenue reached 4.178 billion yuan, up 15.21% year-on-year, while net profit was 1.178 billion yuan, an increase of 13.32% [1][2] Group 2: Ying Shi Innovation - Ying Shi Innovation achieved a revenue of 2.940 billion yuan in Q3 2025, marking a significant growth of 92.64% year-on-year [4] - The net profit attributable to shareholders for Q3 2025 was 272 million yuan, a decrease of 15.90% compared to the previous year [4][5] - For the first three quarters, the company reported a total revenue of 6.611 billion yuan, up 67.18%, while net profit was 792 million yuan, down 5.95% year-on-year [4][5] Group 3: Aier Eye Hospital - Aier Eye Hospital reported a revenue of 5.977 billion yuan in Q3 2025, a year-on-year increase of 3.83% [6][7] - The net profit attributable to shareholders for Q3 2025 was 1.064 billion yuan, reflecting a decline of 24.12% year-on-year [6][7] - For the first three quarters, the total revenue reached 17.484 billion yuan, up 7.25%, while net profit was 3.115 billion yuan, down 9.76% [6][7] Group 4: Hengrui Medicine - Hengrui Medicine reported a revenue of 7.427 billion yuan in Q3 2025, a year-on-year increase of 12.72% [8][10] - The net profit attributable to shareholders for Q3 2025 was 1.301 billion yuan, reflecting a growth of 9.53% year-on-year [8][10] - For the first three quarters, the total revenue reached 23.188 billion yuan, up 14.85%, while net profit was 5.751 billion yuan, an increase of 24.50% [8][10] Group 5: Victory Technology - Victory Technology achieved a revenue of 5.086 billion yuan in Q3 2025, marking a year-on-year increase of 78.95% [11][12] - The net profit attributable to shareholders for Q3 2025 was 1.102 billion yuan, reflecting a substantial growth of 260.52% year-on-year [11][12] - For the first three quarters, the company reported a total revenue of 14.117 billion yuan, up 83.40%, while net profit was 3.245 billion yuan, an increase of 324.38% [11][12] Group 6: Southern Airlines - Southern Airlines reported a revenue of 51.374 billion yuan in Q3 2025, a year-on-year increase of 3.01% [13][14] - The net profit attributable to shareholders for Q3 2025 was 3.840 billion yuan, reflecting a growth of 20.26% year-on-year [13][14] - For the first three quarters, the total revenue reached 137.665 billion yuan, up 2.23%, while net profit was 23.070 billion yuan, an increase of 17.40% [13][14] Group 7: Ningbo Bank - Ningbo Bank reported a revenue of 17.816 billion yuan in Q3 2025, a year-on-year increase of 9.19% [16][17] - The net profit attributable to shareholders for Q3 2025 was 7.673 billion yuan, reflecting a growth of 8.71% year-on-year [16][17] - For the first three quarters, the total revenue reached 54.976 billion yuan, up 8.32%, while net profit was 22.445 billion yuan, an increase of 8.39% [16][17] Group 8: Guizhou Moutai - Guizhou Moutai announced the resignation of Chairman Zhang Deqin due to work adjustments, with a new chairman to be elected soon [19] Group 9: Baosteel - Baosteel reported a revenue of 167.51 billion yuan in Q3 2025, a year-on-year increase of 14.29% [20][21] - The net profit attributable to shareholders for Q3 2025 was 812.45 million yuan, reflecting a return to profitability [20][21] - For the first three quarters, the total revenue reached 480.8 billion yuan, down 3.58%, while net profit was 2.33 billion yuan [20][21] Group 10: China Aluminum - China Aluminum reported a revenue of 601.24 billion yuan in Q3 2025, a year-on-year decrease of 4.66% [22][23] - The net profit attributable to shareholders for Q3 2025 was 38.01 billion yuan, reflecting a significant increase of 90.31% year-on-year [22][23] - For the first three quarters, the total revenue reached 1,765.16 billion yuan, up 1.57%, while net profit was 108.72 billion yuan, an increase of 20.65% [22][23] Group 11: Northern Rare Earth - Northern Rare Earth reported a revenue of 114.25 billion yuan in Q3 2025, a year-on-year increase of 33.32% [25][26] - The net profit attributable to shareholders for Q3 2025 was 610 million yuan, reflecting a growth of 69.48% year-on-year [25][26] - For the first three quarters, the total revenue reached 302.92 billion yuan, up 40.50%, while net profit was 1.541 billion yuan, an increase of 280.27% [25][26] Group 12: Hengli Petrochemical - Hengli Petrochemical reported a revenue of 534.96 billion yuan in Q3 2025, a year-on-year decrease of 17.98% [27] - The net profit attributable to shareholders for Q3 2025 was 19.72 billion yuan, reflecting a significant increase of 81.47% year-on-year [27] - For the first three quarters, the total revenue reached 1,573.84 billion yuan, down 11.46%, while net profit was 50.23 billion yuan, a slight decrease of 1.61% [27] Group 13: High Energy Environment - High Energy Environment is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and competitiveness [28] Group 14: Guangyun Technology - Guangyun Technology plans to acquire a 36.4652% stake in Chengdu Lingxuan Precision Machinery Co., Ltd. for 240 million yuan, gaining control over the company [29] Group 15: Zhongxin Metal - Zhongxin Metal reported a revenue of 39.807 billion yuan in Q3 2025, a year-on-year increase of 29.21% [32] - The net profit attributable to shareholders for Q3 2025 was 877 million yuan, reflecting a growth of 43.74% year-on-year [32] - For the first three quarters, the total revenue reached 1,034.64 billion yuan, up 8.84%, while net profit was 2.326 billion yuan, an increase of 35.47% [32]

暨对子公司提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1.被担保人：黄石广合精密电路有限公司（以下简称"黄石广合"）、广合 科技（国际）有限公司（以下简称"广合国际"）。 证券代码：001389 证券简称：广合科技 公告编号：2025-067 广州广合科技股份有限公司 2.广州广合科技股份有限公司（以下简称"广合科技"或"公司"）预计为 全资子公司黄石广合、广合国际增加合计不超过 10,600.00 万元的连带责任保证 担保。 关于公司及子公司向银行申请综合授信额度 3.已实际为黄石广合、广合国际提供的担保余额：30,274.81 万元。 4.公司无逾期对外担保情形。 5.特别风险提示：本次被担保人广合国际的资产负债率超过 70%，敬请广大 投资者注意相关风险。 一、担保情况概述 1.前次担保额度预计的基本情况 广合科技于 2025 年 3 月 31 日召开第二届董事会第十二次会议、第二届监事 会第十次会议，并于 2025 年 4 月 21 日召开 2024 年年度股东会，审议通过了《关 于公司及子公司向银行申请综合授信额度 ...

证券代码：001389 证券简称：广合科技 公告编号：2025-066 一、召开会议的基本情况 1、股东会届次：2025 年第四次临时股东会 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 11 月 13 日 15:00 （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 11 月 13 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 11 月 13 日 9:15 至 15:00 的任意时间。 广州广合科技股份有限公司 关于召开 2025 年第四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。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 ...

证券代码：001389 证券简称：广合科技 公告编号：2025-064 广州广合科技股份有限公司 第二届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 广州广合科技股份有限公司（以下简称"公司"）第二届董事会第十九次会议 于 2025 年 10 月 27 日在公司二楼会议室以现场结合通讯的方式举行，会议通知 于 2025 年 10 月 24 日以通讯方式发出。会议应到董事 7 人，实到董事 7 人。 董事会认为公司编制的《2025 年第三季度报告》真实反映了公司的财务状 况和经营成果，符合法律、行政法规和中国证监会的有关规定，报告内容真实、 准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见披露于《证券时报》《中国证券报》《上海证券报》《证券日报》 《经济参考网》和巨潮资讯网（http://www.cninfo.com.cn）。 本议案已经董事会审计委员会审议通过。 本议案经董事会表决，以 7 票同意、0 票反对、0 票弃权的表决结果通过。 2、审议通过了《关于公司及子公司向银行申请综合授 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,410,375,593.28, representing a 44.64% increase year-over-year[5] - Net profit attributable to shareholders was ¥232,236,211.98, up 34.16% compared to the same period last year[5] - The basic earnings per share (EPS) increased by 28.17% to ¥0.54, while diluted EPS also rose by 28.00% to ¥0.54[5] - Operating revenue for the first nine months of 2025 reached RMB 3,835,129,024.17, a 43.1% increase compared to RMB 2,680,659,839.63 in the same period of 2024, driven by increased market orders and optimized sales structure[10] - Total operating revenue for the current period reached ¥3,835,129,024.17, a significant increase of 43.0% compared to ¥2,680,659,839.63 in the previous period[20] - Net profit attributable to the parent company was ¥723,819,563.55, up 47.0% from ¥492,495,287.90 in the prior period[21] - Total comprehensive income for the current period was ¥719,317,268.46, compared to ¥492,495,287.90 in the prior period, marking a growth of 46.1%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,771,714,615.52, reflecting a 19.10% increase from the end of the previous year[5] - Total assets reached ¥6,771,714,615.52, up from ¥5,685,756,517.91, indicating an increase of around 19.1%[18] - Total liabilities increased to ¥3,137,763,702.88 from ¥2,611,910,623.34, which is an increase of approximately 20.1%[18] - The company reported a total of 3,453,254,219.04 in current assets, up from 2,848,678,148.23, which is an increase of about 21.2%[17] - The company’s non-current assets totaled ¥3,318,460,396.48, up from ¥2,837,078,369.68, indicating an increase of approximately 17%[18] Cash Flow - The company reported a cash flow from operating activities of ¥759,551,839.65, which is a 22.56% increase year-to-date[5] - Operating cash flow net amount increased to ¥759,551,839.65, compared to ¥619,722,425.36 in the previous period, reflecting a growth of 22.6%[23] - Cash received from sales of goods and services increased by 41.7% to RMB 3,349,079,911.63, reflecting the rise in operating revenue[11] - Cash paid for purchasing goods and services rose to RMB 2,110,254,563.74, a 43.4% increase, influenced by higher material procurement costs[11] - Cash received from investment recoveries increased significantly by 466.7% to RMB 923,800,000.00, primarily due to the recovery of structured deposit financial products[11] - The net cash flow from investing activities was -$637.99 million, compared to -$684.72 million in the previous period, indicating a slight improvement[24] - The cash inflow from investment activities was $931.44 million, compared to $168.30 million in the previous period, showing a significant increase[24] - Cash outflow from investment activities totaled $1.57 billion, up from $853.02 million in the previous period, indicating increased investment spending[24] - The company reported a cash increase of $67.35 million during the period, compared to an increase of $442.92 million in the previous period[24] Expenses - Research and development expenses rose to RMB 193,920,118.68, marking a 48.6% increase from RMB 130,511,586.36 in 2024, attributed to an increase in R&D projects[10] - Management expenses increased by 108.9% to RMB 151,265,315.99, mainly due to new equity incentives and increased management personnel compensation[10] - The total operating costs for the current period were ¥2,956,139,073.90, an increase of 42.0% from ¥2,083,434,547.35 in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,999, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Guangzhou Zhenyun Investment Co., Ltd., holds a 40.25% stake, amounting to 171,142,853 shares[14] Other Financial Metrics - The weighted average return on equity (ROE) for the year-to-date was 21.81%, up 1.95% from the previous year[5] - The company recorded a total of ¥6,251,537.08 in non-recurring gains and losses for the current period[6] - The company reported a 463.7% increase in fair value gains to RMB 6,626,850.30, driven by floating profits from outstanding forward foreign exchange contracts[10] - Other income increased to ¥22,521,062.42, up from ¥16,414,919.99, indicating a growth of 37.5%[20] Future Outlook - The company plans to implement new accounting standards starting in 2025, which could impact financial reporting[25] - The company did not undergo an audit for the third quarter financial report, which may affect investor confidence[25]

Core Points - The A-share market experienced a significant rebound, with the Shanghai Composite Index surpassing 3950 points and a trading volume of 1.99 trillion yuan, indicating a strong market sentiment [1][2] - The technology sector, particularly semiconductor stocks, led the market rally, while traditional cyclical stocks like liquor and oil saw declines, highlighting a stark divergence in stock performance [4][5] - Analysts suggest that the recent adjustments in the technology sector present a buying opportunity for quality leading companies as third-quarter reports are nearing completion and tariff concerns may soon dissipate [1][8] Market Performance - The Shanghai Composite Index rose by 0.71% to close at 3950.31 points, marking a new high for the current phase, with the ChiNext Index increasing by 3.57% [2] - The trading atmosphere improved significantly, with a daily trading volume increase of 330 billion yuan compared to the previous trading day [2] - The margin financing balance slightly decreased to 1.24 trillion yuan as of October 23 [2] Sector Analysis - Among the 31 first-level industries, 16 sectors closed in the green, with notable gains in communication and electronics, both rising nearly 5% [3] - The semiconductor, storage chip, and communication device sectors saw substantial increases, while traditional sectors like liquor and steel faced declines [4][5] - Specific stocks such as communication and electronic companies experienced significant price increases, with many hitting their daily limit [5][6] Investment Insights - Analysts emphasize the importance of focusing on technology and innovation as key investment themes, particularly in light of the "14th Five-Year Plan" which prioritizes technological advancement [7][9] - The market sentiment has shifted from cautious to optimistic, driven by policy catalysts and a return to technology as a main investment theme [8][9] - There is a potential for continued structural opportunities in non-technology sectors, especially if the current technology rally is merely a technical rebound [8]

Core Points - The Shanghai Composite Index closed at 3950.31 points, above the five-day moving average, with a gain of 0.71% [1] - The total trading volume of A-shares reached 1,991.617 billion yuan [1] - A total of 681 A-shares have prices that surpassed the five-day moving average, indicating positive market momentum [1] Stock Performance Summary - The top three stocks with the highest deviation rates from the five-day moving average are: - Kexiang Co., Ltd. (300903) with a deviation rate of 13.92% and a daily increase of 20.00% [2] - Aerospace Intelligent Equipment (300455) with a deviation rate of 13.15% and a daily increase of 19.98% [2] - Anhui Instrument Technology (688600) with a deviation rate of 10.85% and a daily increase of 14.27% [2] - Other notable stocks include: - Shenkong Co., Ltd. (688233) with a deviation rate of 10.55% and a daily increase of 17.34% [2] - Hengshuo Co., Ltd. (688416) with a deviation rate of 9.57% and a daily increase of 18.08% [2] - Lianyun Technology (688449) with a deviation rate of 9.44% and a daily increase of 13.22% [2]

Core Insights - The component sector experienced a significant increase of 6.98% on October 24, with N Chao Ying 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 - N Chao Ping (603175) saw a remarkable rise of 397.60%, closing at 84.99 with a trading volume of 368,400 shares and a transaction value of 2.764 billion [1] - Other notable performers included: - Kexiang Co. (300903) with a 20.00% increase, closing at 14.76 [1] - Shengyi Electronics (688183) with a 19.99% increase, closing at 88.94 [1] - Fangzheng Technology (600601) with a 10.05% increase, closing at 11.72 [1] Capital Flow - The component sector saw a net inflow of 6.012 billion in main funds, while retail investors experienced a net outflow of 3.761 billion [2][3] - Main funds showed significant interest in N Chao Ying, with a net inflow of 1.010 billion, representing 36.54% of the total [3] - Other companies like Shenghong Technology (300476) and Fangzheng Technology (600601) also attracted main fund inflows, but faced net outflows from retail investors [3]