Core Viewpoint - The three major indices in the Chinese stock market experienced a collective decline during the morning session, indicating a bearish sentiment among investors [1]. Market Performance - The Shanghai Composite Index fell by 0.66%, the Shenzhen Component Index decreased by 0.87%, the ChiNext Index dropped by 1.1%, and the Beijing Stock Exchange 50 Index declined by 1.75% [1]. - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 10,580 billion yuan, a decrease of 290 billion yuan compared to the previous day [2]. - Over 3,800 stocks in the market saw declines, reflecting widespread selling pressure [2]. Sector Performance - The sectors that performed well included Shenzhen state-owned enterprise reform, coal mining and processing, film and television, port shipping, energy metals, and tourism and hotels [2]. - Conversely, sectors that faced significant declines included engineering machinery, cultivated diamonds, CPO, precious metals, and semiconductors [2]. Notable Stocks - Shenzhen local stocks experienced a collective surge, with companies like Jian Ke Yuan hitting the daily limit, and others such as Guangtian Group, Shen Saige, and Shen Property A also reaching the daily limit [2]. - The coal sector continued its upward trend, with stocks like Shanxi Coking Coal, Yunnan Coal Energy, and Shaanxi Black Cat hitting the daily limit during intraday trading [2]. - The port shipping sector saw a rally, with Qin Port Co. reaching the daily limit [2]. Declining Stocks - The engineering machinery, cultivated diamonds, and oil and gas extraction sectors experienced a collective pullback, with stocks like Shanhe Intelligent, Construction Machinery, and Zhun Oil falling significantly [2]. - CPO concept stocks also faced volatility, with companies like Weier Gao and Dongtianwei dropping over 10%, while Tianfu Communication, Changfei Optical Fiber, and Xinyi Sheng also declined [2].

证券日报网讯山河智能（002097）10月22日在互动平台回答投资者提问时表示，公司股价表现受到宏观 经济、政策环境、市场环境、行业基本面等多种因素的影响。公司目前生产经营情况正常，没有应披露 未披露的信息。未来，公司将持续做好经营管理工作，努力提升公司经营业绩和内在价值，以良好的经 营成果回馈投资者。 ...

Core Viewpoint - The company's stock performance is influenced by various factors including macroeconomic conditions, policy environment, market conditions, and industry fundamentals [1] Group 1: Company Strategy - The company aims to improve development quality, steadily enhance operational efficiency, and increase profitability to boost value creation capabilities [1] - The company will strengthen investor communication and information disclosure to actively convey its investment value to the outside world [1]

Core Insights - The company, Shanhe Intelligent (002097), reported that as of October 20, 2025, it has a total of 179,074 shareholders [1] Company Summary - As of the specified date, the number of shareholders indicates a significant level of investor interest and engagement with the company [1]

Core Viewpoint - The engineering machinery sector experienced a rise of 0.76% on October 22, with Tietuo Machinery leading the gains, while the overall market indices showed slight declines [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3913.76, down 0.07% [1] - The Shenzhen Component Index closed at 12996.61, down 0.62% [1] Group 2: Individual Stock Performance - Tietuo Machinery (code: 920706) closed at 28.59, up 14.50% with a trading volume of 190,200 shares and a transaction value of 579 million yuan [1] - Fushite (code: 301446) closed at 35.62, up 12.05% with a trading volume of 93,200 shares [1] - Construction Machinery (code: 600984) closed at 4.60, up 10.05% with a trading volume of 1,259,000 shares and a transaction value of 574 million yuan [1] - Southern Road Machinery (code: 603280) closed at 41.47, up 10.00% with a trading volume of 84,700 shares [1] - Weiman Sealing (code: 301161) closed at 37.90, up 8.22% with a trading volume of 134,000 shares [1] - Wuxin Tunnel Equipment (code: 920174) closed at 61.16, up 6.66% with a trading volume of 103,400 shares [1] - Shanhe Intelligent (code: 002097) closed at 14.70, up 6.44% with a trading volume of 2,601,700 shares and a transaction value of 3.827 billion yuan [1] - Zhongli Co., Ltd. (code: 603194) closed at 41.08, up 4.03% with a trading volume of 57,300 shares [1] - Zhongji United (code: 605305) closed at 38.24, up 3.46% with a trading volume of 89,000 shares [1] - Tongli Co., Ltd. (code: 66500ZG6) closed at 20.50, up 3.38% with a trading volume of 133,400 shares [1] Group 3: Capital Flow - The engineering machinery sector saw a net outflow of 248 million yuan from main funds, while retail funds experienced a net inflow of 308 million yuan, and a net outflow of 6.009 million yuan from individual investors [1]

Core Viewpoint - The company clarifies that its tool-type robots are unmanned equipment designed for specific scenarios or task requirements, significantly differing in shape, structure, or function from humanoid robots [1] Company Overview - The company's aviation business focuses on the sales, leasing, and maintenance of regional aircraft, and it does not engage in the manufacturing of drones or aviation vehicles [1]

Group 1 - ShenKong Co., Ltd. and Petrochemical Machinery have achieved a three-day consecutive increase in stock prices [1] - Zhongyu Technology has risen over 10%, reaching a new high [1] - DeShi Co., Ltd., Petrochemical Oil Service, Shandong Molong, Bingyang Technology, and Shanhe Intelligent have also seen stock price increases [1]

Core Viewpoint - The engineering machinery sector is experiencing a strong upward trend, with several companies achieving significant stock price increases [1] Company Performance - Iron Tuo Machinery has reached a daily limit increase of 30% [1] - Construction Machinery has achieved two consecutive days of price increases [1] - Southern Road Machinery has also hit the daily limit increase [1] - Other companies such as Hengli Drilling Tools, Wuxin Tunnel Equipment, Shanhe Intelligent, Weiman Sealing, and Zhigao Machinery have shown upward movement in their stock prices [1]

Group 1 - The shale gas sector continues to be active, with Zhongyu Technology reaching a new high [1] - ShenKong Co., Shihua Machinery have achieved three consecutive trading limits [1] - Other companies such as Desheng Co., Shihua Oil Service, Shandong Molong, Bingyang Technology, and Shanhe Intelligent are also experiencing upward trends [1]

Core Viewpoint - On October 21, the Shanghai Composite Index rose by 1.36%, the Shenzhen Component Index increased by 2.06%, and the ChiNext Index climbed by 3.02% [1] Group 1: Stock Performance - The stock with the highest net inflow was Shanhe Intelligent (002097.SZ), with a net inflow of 188 million yuan, accounting for 12.83% of the total trading volume [1][5] - Shanhe Intelligent closed up by 10.04% with a turnover rate of 10.12% [1] - The stock with the highest net outflow was Sifangda (300179.SZ), which experienced a net outflow of 109 million yuan, representing 4.67% of the total trading volume [4][7] Group 2: Institutional Activity - A total of 28 stocks on the leaderboard saw institutional participation, with institutions net selling 676 million yuan overall [7] - The stock with the highest institutional net purchase was Lanfeng Biochemical (002513.SZ), which closed up by 10.06% and had a turnover rate of 39.79% [8] - Institutions net sold 18 stocks while net buying 10 stocks on that day [7] Group 3: Northbound Capital - Northbound capital participated in 21 stocks on the leaderboard, with a total net purchase of 184 million yuan [12] - The stock with the highest net purchase from northbound capital was Hefei Urban Construction (002208.SZ), with a net purchase of 61.8 million yuan, accounting for 3.92% of the total trading volume [12] - The stock with the highest net outflow from northbound capital was Zhengzhou Coal Electricity (600121.SH), with a net outflow of 59.6 million yuan, representing 4.07% of the total trading volume [12]