证券日报网讯和而泰10月27日在互动平台回答投资者提问时表示，截至2025年9月30日，公司合同负债 为81065951.90元，具体财务数据可查看公司披露的2025年第三季度报告。 （文章来源：证券日报） ...

Core Insights - The article discusses the recent adjustments in QFII (Qualified Foreign Institutional Investor) holdings in A-shares as companies disclose their Q3 reports, highlighting a clear trend in foreign investment strategies [1][2]. Group 1: Sovereign Wealth Fund Adjustments - Sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) and the Monetary Authority of Macao have shown distinct trading behaviors, with ADIA significantly increasing its holdings in cyclical resource stocks, particularly Baofeng Energy, which now has a market value exceeding 790 million yuan [3][4]. - In contrast, the Monetary Authority of Macao has adopted a more defensive and stable investment strategy, focusing on resource, environmental, and manufacturing sectors, with a total market value of 1.14 billion yuan across six stocks [3][4]. - The Hong Kong Monetary Authority has reduced its holdings in Chengde Lolo, now holding 9.3 million shares, indicating a cautious approach compared to ADIA's aggressive positioning [4]. Group 2: Traditional Foreign Banks' Strategies - Major foreign banks like Morgan Stanley, UBS, and Goldman Sachs have shown a trend towards concentrated investments in high-certainty sectors, with Morgan Stanley holding 42 A-shares valued at 2.874 billion yuan, focusing on electric power equipment and digital infrastructure [5][6]. - Morgan Chase has the largest coverage with 71 A-shares, significantly increasing its stake in China West Electric from 56.82 million shares to 130 million shares, reflecting a strategic shift towards high-potential stocks [5]. - UBS has diversified its holdings across 55 A-shares, emphasizing mid-to-small-cap growth stocks, while Goldman Sachs has concentrated on resource and chemical stocks, indicating varied investment philosophies among these institutions [5][6]. Group 3: Common Holdings Among Foreign Institutions - Several stocks have emerged as "foreign consensus stocks," held by three or more foreign institutions, indicating strong compatibility in valuation, fundamentals, and policy direction [7][8]. - Notable examples include Chengfei Integration, which is held by multiple institutions with a total market value exceeding 132 million yuan, and Innovation Medical, favored by four foreign entities [7][8]. - Other stocks like Lianhuan Pharmaceutical and Xingwang Yuda have also gained traction among foreign investors, showcasing a trend towards core assets in advanced manufacturing, healthcare, TMT, and military materials sectors [8].

Group 1 - The report tracks stocks, industries, and sectors that are reaching new highs, serving as market indicators and highlighting the effectiveness of momentum and trend-following strategies [1][4] - As of October 24, 2025, the distance to the 250-day new high for major indices is as follows: Shanghai Composite Index 0.00%, Shenzhen Component Index 3.18%, CSI 300 1.04%, CSI 500 3.85%, CSI 1000 2.99%, CSI 2000 3.14%, ChiNext Index 2.77%, and STAR 50 Index 4.99% [5][24] - Among the CITIC primary industry indices, the sectors closest to their 250-day new highs include telecommunications, oil and petrochemicals, electricity and public utilities, construction, and electronics [8][24] Group 2 - A total of 1,123 stocks reached a 250-day new high in the past 20 trading days, with the highest number of new highs in the electronics, machinery, and basic chemicals sectors [2][13] - The sectors with the highest proportion of new high stocks are non-ferrous metals, coal, and electronics, with respective proportions of 59.68%, 47.22%, and 36.85% [13][24] - The technology and cyclical sectors had the most stocks reaching new highs this week, with respective counts of 356 and 322 [15] Group 3 - The report identifies 50 stocks that have shown stable new highs, including companies like Shannon Chip Creation, Industrial Fulian, and Heertai, primarily from the technology and manufacturing sectors [3][20][25] - The technology sector had the most new high stocks, particularly in the electronics industry, while the manufacturing sector's leading industry was machinery [20][25]

证券之星消息，10月24日消费电子板块较上一交易日上涨4.51%，环旭电子领涨。当日上证指数报收于 3950.31，上涨0.71%。深证成指报收于13289.18，上涨2.02%。消费电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601231 | 环旭电子 | 23.82 | 10.02% | 41.54万 | | 9.56亿 | | 603890 | 春秋电子 | 14.10 | 9.98% | 62.34万 | | 8.73亿 | | 002402 | 和而泰 | 55.72 | 8.22% | 123.49万 | | 67.26 Z | | 300602 | 飞荣达 | 32.81 | 7.43% | 28.29万 | | 9.03亿 | | 002475 | 立讯精密 | 63.91 | 6.27% | 234.45万 | | 147.37亿 | | 000021 | 深科技 | 29.64 | 6.01% | 173.82万 | | 50.9 ...

| 名称 | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | n more | 3950.31 | +27.90 | +0.71% | | 000001 | | | | | | 创业板指 | A pril 1 | 3171.57 | +109.41 | +3.57% | | 399006 | | | | | | 深证成指 | 11 11 11 11 11 11 11 | 13289.18 | +263.74 | +2.02% | | 399001 | | | | | | 北证50 | more | 1472.08 | +16.71 | +1.15% | | 899050 | | | | | | 科创20 | Company of the company of | 1462.22 | | +60.97 = 作者 | | 000688 | | | | | 盘面上，存储芯片、半导体板块爆发，CPO、PCB、电子元件板块活跃；商业航天板块走高，AIPC、电子化学品及激光雷达等板块涨幅居前。煤 炭板块回调，燃气股普跌，房地产服务、油气设服、公用事 ...

国产智能控制器龙头企业和而泰(002402.SZ)取得加速增长的经营业绩。 10月22日晚，和而泰披露了2025年三季度报告。前三季度，公司实现营业收入为82.70亿元，同比增长 17.47%；实现归母净利润逾6亿元，同比增长约70%。 对于未来，和而泰表示，将采取财务与战略双轮驱动方式，培育新的增长极。 二级市场上，2025年初以来，和而泰的股价已经翻倍。 2025年前三季度，和而泰实现的归母净利润为6.03亿元，同比增长69.66%；扣非净利润5.68亿元，同比 增长70.13%。 2024年前三季度，公司实现的营业收入、归母净利润分别为70.40亿元、3.55亿元，同比增长28.30%、 6.29%。 对比发现，2025年前三季度，和而泰的归母净利润加速增长。而且，公司前三季度的归母净利润创了历 史新高。 对此，和而泰解释，公司有效贯彻降本增效措施，并对客户与产品进行优化，经营质量得到较大幅度提 升。 和而泰坚持技术创新引领战略发展，提升创新能力，优化工艺水平，增强市场竞争力。2025年前三季 度，公司研发投入4.73亿元，同比增长17.08%。 净利连续三季高增长 和而泰的经营业绩高速增长。 根据最新 ...

事件：公司 10 月 22 日晚发布《2025 年第三季度报告》，2025 年前三季度， 公司实现营业收入 82.70 亿元，同比增长 17.47%；归母净利润 6.03 亿元，同 比增长 69.66%；扣非归母净利润 5.68 亿元，同比增长 70.13%。 和而泰（002402.SZ） 业绩表现亮眼，利润空间显著提升 TMT 及中小盘/通信 证券研究报告 | 公司点评报告 2025 年 10 月 23 日 ❑ 风险提示：控制器需求不及预期、子公司业绩不及预期、原材料价格上涨。 财务数据与估值 | 会计年度 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 7507 | 9659 | 12115 | 15070 | 18494 | | 同比增长 | 26% | 29% | 25% | 24% | 23% | | 营业利润(百万元) | 361 | 366 | 759 | 991 | 1205 | | 同比增长 | -34% | 1% | 108% | 30% | 22% | ...

Core Viewpoint - The A-share market in Shenzhen has seen a collective surge in local stocks, driven by the announcement of a new action plan aimed at promoting high-quality mergers and acquisitions in the city from 2025 to 2027 [1] Group 1: Market Performance - Shenzhen local stocks experienced significant gains, with notable performers including: - JianKexuan (建科院) hitting a 20% limit up - ShenShuiGuiYuan (深水规院) rising over 13% - Other stocks such as GuangTian Group (广田集团), TeFa Information (特发信息), and ShenSaiGe (深赛格) also reaching 10% limit up [1] - The action plan aims for the total market capitalization of domestic and foreign listed companies to exceed 20 trillion yuan by the end of 2027, with a goal of nurturing 20 companies with a market value of over 100 billion yuan [1] Group 2: Stock Data Summary - Key stock performance data includes: - JianKexuan (建科院): 20.02% increase, market cap of 3.042 billion yuan, year-to-date increase of 28.74% [2] - ShenShuiGuiYuan (深水规院): 13.68% increase, market cap of 6.971 billion yuan, year-to-date increase of 116.85% [2] - GuangTian Group (广田集团): 10.05% increase, market cap of 7.802 billion yuan, year-to-date decrease of 3.70% [2] - ShenSaiGe (深赛格): 10.04% increase, market cap of 13.8 billion yuan, year-to-date increase of 39.40% [2] - Other notable stocks include: - ShenWuYuan A (深物业A): 10.03% increase, market cap of 6.735 billion yuan, year-to-date increase of 29.29% [2] - ShenLiHeKeChuang (力合科创): 9.97% increase, market cap of 12 billion yuan, year-to-date increase of 24.29% [2]

华夏中证1000ETF（159845）成立日期2021年3月18日，最新规模382.27亿。今年以来收益24.07%，同 类排名2086/4218；近一年收益25.57%，同类排名1695/3875；成立以来收益24.83%。 华夏中证1000ETF（159845）基金经理为赵宗庭。 截至发稿，赵宗庭累计任职时间8年192天，现任基金资产总规模3058.09亿元，任职期间最佳基金回报 123.57%， 任职期间最差基金回报-32.63%。 10月23日，和而泰涨5.26%，截至发稿，报52.42元/股，成交15.76亿元，换手率3.79%，总市值484.78亿 元。 资料显示，深圳和而泰智能控制股份有限公司位于广东省深圳市南山区高新南区科技南十路6号深圳航 天科技创新研究院大厦D座10楼1010-1011，成立日期2000年1月12日，上市日期2010年5月11日，公司主 营业务涉及家庭用品智能控制器、新一代智能控制器、智能硬件的研发、生产和销售以及厂商服务平台 业务;微波毫米波模拟相控阵T/R芯片设计研发、生产、销售和技术服务。主营业务收入构成为：家用电 器智能控制器65.41%，智能化产品智能控制器11. ...

Industry News - Shenzhen has released an action plan to promote high-quality development of mergers and acquisitions, aiming for a total market capitalization of over 20 trillion yuan for listed companies by the end of 2027, and to cultivate 20 companies with a market value of over 100 billion yuan [5] - The average wholesale price of pork in China has been declining for ten consecutive weeks since August, attributed to an increase in supply. Experts suggest that the pork price may have reached its lowest point for the year by mid-October [5] - The China Securities Investment Fund Association is set to release a draft for public consultation regarding performance comparison benchmarks for public funds, with major fund companies submitting various indices for consideration [7] - The average interest rates for different deposit terms in September 2025 were reported, with the 3-month term at 0.944%, 6-month at 1.147%, and 1-year at 1.277% [7] - The AI infrastructure service market in China grew by 122.4% year-on-year in the first half of 2025, reaching 19.87 billion yuan, with Alibaba Cloud holding a 24.7% market share [7] - Guizhou Moutai has adjusted the usage rules for electronic bank acceptance bills for channel merchants, clarifying that these bills can only be used for products other than its core product, Feitian Moutai [7] - The China Communications Standards Association has announced the initiation of testing and validation for computing power interconnectivity capabilities based on industry standards [7] Company News - TaiLing Microelectronics announced that its major shareholder, the National Integrated Circuit Industry Investment Fund, plans to reduce its stake by no more than 2% [8] - Tianpu Co., Ltd. reported that some investors have engaged in abnormal trading behaviors that mislead market decisions [8] - Shannon Semiconductor reported a 1.36% year-on-year decline in net profit for the first three quarters [8] - Hefei Urban Construction announced a net loss of 51.31 million yuan for the third quarter [8] - *ST Chengchang reported a 565% year-on-year increase in net profit for the third quarter, with multiple remote sensing satellite projects entering a phase of regular batch delivery [8] - Heertai announced a 69.66% year-on-year increase in net profit for the first three quarters, focusing on high-growth emerging fields such as robotics [8] - Vico Precision announced plans to jointly invest in semiconductor industry supporting precision components and automated production line projects with Chip Alliance Fund [8] - Tesla reported third-quarter revenue of $28.1 billion, exceeding market expectations [14]