Market Overview - The Shanghai Composite Index closed at 3897.71 points, down 0.42%, with a trading volume of 627.4 billion yuan [1] - The Shenzhen Component Index closed at 13056.70 points, down 0.68%, with a trading volume of 965.99 billion yuan [1] - The ChiNext Index closed at 3071.15 points, down 0.69%, with a trading volume of 451.81 billion yuan [1] - The total trading volume of both markets was 1.59339 trillion yuan, a decrease of 280.59 billion yuan compared to the previous trading day [1] Sector Performance - Strong performance was noted in sectors such as oil and petrochemicals, light industry manufacturing, building materials, and home appliances [1] - Concepts like street vendor economy, prepared dishes, 6G, aquaculture, and low-carbon metallurgy showed active trends [1] - Sectors that experienced declines included media, non-ferrous metals, computers, precious metals, electric equipment, pharmaceuticals, machinery, and education [1] Individual Stock Performance - A total of 1509 stocks rose, while 3493 stocks fell, with 152 stocks remaining flat and 15 stocks suspended [2] - Among the stocks, 55 reached the daily limit up, while 9 hit the limit down [2] - Jinfu Technology led with 7 consecutive limit-up days, followed by *ST Yatai with 6 consecutive limit-ups [5] Capital Flow - The net outflow of main funds in the Shanghai and Shenzhen markets was 31.083 billion yuan, with the ChiNext experiencing a net outflow of 14.283 billion yuan [6] - Eight sectors saw net inflows, with the light industry manufacturing sector receiving the highest net inflow of 569 million yuan [6] - The electronic sector had the largest net outflow, totaling 4.984 billion yuan [6] Notable Stocks - 58 stocks received net inflows exceeding 1 billion yuan, with Xinyi Technology leading at 1.158 billion yuan [8] - ZTE Corporation had the highest net outflow at 3.023 billion yuan, followed by Sanhua Intelligent Control and Beijing Junzheng [11] - Institutional investors net bought 15 stocks, with Aerospace Development receiving the highest net purchase of approximately 167 million yuan [14]

Core Insights - The total trading volume for Shanghai Stock Connect reached 81.037 billion, while Shenzhen Stock Connect totaled 98.724 billion [1] Trading Highlights - The top traded stocks in Shanghai Stock Connect included: - Industrial Fulian (601138) with a trading volume of 2.022 billion - Kweichow Moutai (600519) at 0.957 billion - Luoyang Molybdenum (603993) at 0.954 billion [2] - In Shenzhen Stock Connect, the leading stocks were: - Zhongji Xuchuang (300308) with 3.821 billion - Luxshare Precision (002475) at 3.019 billion - Xinyi Technology (300502) at 2.428 billion [3] Sector Performance - The sectors with the highest gains included: - Agriculture, Forestry, Animal Husbandry, and Fishery with a net inflow of 0.677 billion - Light Industry Manufacturing with 0.516 billion - Coal Mining and Selection with 0.350 billion [5] - The sectors with the largest outflows were: - Electronics with a net outflow of -7.387 billion - New Energy with -6.306 billion - Computers with -6.199 billion [6] Individual Stock Movements - The stocks with the highest net inflows included: - Industrial Fulian with 1.112 billion - Xinyi Technology with 1.090 billion - Shenghong Technology with 0.997 billion [7] - The stocks with the largest net outflows were: - ZTE Corporation with -3.008 billion - Sanhua Intelligent Control with -1.224 billion - Beijing Junzheng with -1.045 billion [8] ETF Trading - The top ETFs by trading volume included: - A500 ETF Fund with 5.4125 billion - CSI A500 ETF with 4.4341 billion - A500 ETF E Fund with 4.3784 billion [9] - The ETFs with the highest growth in trading volume compared to the previous trading day were: - Sci-Tech 100 Index ETF with 308.52 million, up 193.44% - Hang Seng Dividend Low Volatility ETF with 317.01 million, up 89.01% [10] Futures Positioning - In the four major futures contracts (IH, IF, IC, IM), both long and short positions were reduced, with significant short position reductions in IF and IM contracts [11] Institutional Activity - Notable institutional buying included: - Aerospace Development (000547) with a 10.03% increase and 1.67 billion bought by two institutions - Shunhao Shares (002565) with a 9.97% increase and 1.5 billion bought by three institutions [12] - Conversely, ZTE Corporation faced significant selling, with -3.008 billion sold by two institutions [13]

Core Insights - Lixun Precision's stock price increased by 2.34% to 59.98 CNY per share, with a total market capitalization of 436.78 billion CNY and a trading volume of 10.92 billion CNY, marking a cumulative increase of 5.3% over three consecutive days [1] Company Overview - Lixun Precision Industrial Co., Ltd. was established on May 24, 2004, and listed on September 15, 2010. The company focuses on the research, production, and sales of connectors, primarily serving the 3C (computer, communication, consumer electronics), automotive, and communication equipment sectors [1] - The revenue composition of Lixun Precision is as follows: consumer electronics 78.55%, communication interconnect products and precision components 8.91%, automotive interconnect products and precision components 6.95%, computer interconnect products and precision components 3.93%, and other connectors and businesses 1.65% [1] Fund Holdings - The Huisheng Huize Mixed A Fund (008418) holds 515,800 shares of Lixun Precision, accounting for 2.03% of the fund's net value, ranking as the tenth largest holding. The fund has realized a floating profit of approximately 706,600 CNY today and 1,557,700 CNY during the three-day increase [2] - The Huisheng Huize Mixed A Fund was established on December 17, 2019, with a current scale of 671 million CNY. Year-to-date returns are 33.36%, ranking 2219 out of 8122 in its category, while the one-year return is 34.79%, ranking 1831 out of 8056 [2] Fund Manager Performance - The fund managers of Huisheng Huize Mixed A include Qian Ruinan, Sun Qing, and Xu Yuliang. Qian has a tenure of 17 years and 284 days, with a total fund size of 1.643 billion CNY and a best return of 284.8% during his tenure [3] - Sun has a tenure of 6 years and 37 days, managing 6.461 billion CNY, with a best return of 67.82% [3] - Xu has a tenure of 5 years and 37 days, managing 1.643 billion CNY, with a best return of 26.91% [3]

Group 1 - Lixun Precision has seen a stock price increase of 2.34% to 59.98 CNY per share, with a total market capitalization of 436.78 billion CNY and a trading volume of 10.92 billion CNY, reflecting a turnover rate of 2.50% [1] - The stock has experienced a cumulative increase of 5.3% over the past three days [1] - The company specializes in the research, production, and sales of connectors, with its main business revenue composition being 78.55% from consumer electronics, 8.91% from communication interconnect products, 6.95% from automotive interconnect products, 3.93% from computer interconnect products, and 1.65% from other connectors and businesses [1] Group 2 - Hongtu Innovation Fund holds a significant position in Lixun Precision, with 415,600 shares representing 5.06% of the fund's net value, making it the seventh-largest holding [2] - The fund has realized a floating profit of approximately 569,400 CNY today and a total of 1,255,100 CNY during the three-day stock price increase [2] - The Hongtu Innovation Emerging Industry Mixed Fund has achieved a year-to-date return of 122.64%, ranking 11th out of 8,122 similar funds, and a one-year return of 115.77%, ranking 21st out of 8,056 similar funds [2]

Market Overview - The market experienced a downturn in early trading, with all three major indices declining. The Shanghai Composite Index fell by 0.55%, the Shenzhen Component Index dropped by 0.77%, and the ChiNext Index decreased by 0.88%. Nearly 4,000 stocks in the market saw declines [1][2]. Sector Performance - The Fujian sector continued to perform strongly, with Hai Xin Food achieving five consecutive trading limit-ups and Pingtan Development recording two limit-ups in three days [1]. - The commercial aerospace concept showed active performance, with Aerospace Development achieving nine limit-ups in thirteen days and Tongyu Communication recording four consecutive limit-ups [1]. - The AI mobile phone concept also saw localized strength, with Da Ming Optical achieving four consecutive limit-ups [1]. Declining Sectors - The battery sector experienced fluctuations and declines, with Shida Shenghua dropping nearly 7% [2]. - The non-ferrous metals sector showed weak performance, with Huaxi Nonferrous Metals also declining by nearly 7% [2]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.05 trillion yuan, a decrease of 179.6 billion yuan compared to the previous trading day [2]. Notable Stocks - Zhongji Xuchuang had the highest trading volume, exceeding 16 billion yuan, followed by Industrial Fulian and Xinyi Sheng with significant trading volumes as well [2][3]. - Notable stock performances included: - Aerospace Development up by 10.03% to 16.35 yuan [3] - Saiwei Electronics surged by 14.40% to 57.99 yuan [3] - Industrial Fulian increased by 2.51% to 61.31 yuan [3]

Core Insights - The main focus of the article is on the significant inflow of capital into specific stocks as of December 2, with notable amounts recorded for various companies [1] Group 1: Capital Inflows - The top stock receiving capital inflow is Industrial Fulian, with an inflow of 844 million yuan [1] - Luxshare Precision follows with an inflow of 619 million yuan [1] - Pingtan Development and Shenghong Technology also show strong inflows of 546 million yuan and 544 million yuan respectively [1] Group 2: Other Notable Stocks - Other companies with significant capital inflows include: - Tianfu Communication with 358 million yuan [1] - BYD with 319 million yuan [1] - Aerospace Power with 297 million yuan [1] - Additional companies in the top inflow list include: - GoerTek with 287 million yuan [1] - Rongji Software with 276 million yuan [1] - Aerospace Development with 228 million yuan [1]

December 1, 2025 04:44 AM GMT Luxshare Precision Industry Co., Ltd. | Asia Pacific M Idea AirPod Shipments vs. Luxshare's Share Price In this report, we focus on AirPod shipments vs. Luxshare's share price. According to IDC, AirPod shipments in 3Q25 were 17.2mn units (+42% QoQ, +9% YoY). Accelerated YoY shipments will likely support Luxshare's share price, in our view. Exhibit 1: Quarterly AirPod shipment trends vs. Luxshare share price performance since 2017 Rmb mn units Share price (LHS) AirPods Shipment ...

Group 1 - The 3D camera sector is leading the market with a rise of 1.1% [1] - Luxshare Precision increased by 1.93% [1] - Zhongke Optical rose by 1.5% [1] - Crystal Optoelectronics saw an increase of 0.64% [1]

| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-147 | | --- | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | | 立讯精密工业股份有限公司 关于 2026 年度对外担保额度预计的公告 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。 立讯精密工业股份有限公司（以下简称"公司"）于 2025 年 12 月 1 日召开第 六届董事会第二十次会议，审议通过了《关于 2026 年度对外担保额度预计的议案》， 同时董事会提请股东会授权公司管理层具体实施相关事宜。根据《深圳证券交易所 股票上市规则》《公司章程》等的规定，该事项尚需提交公司股东会审议。现将相 关情况公告如下： 一、担保情况概述 1、担保金额 为提高决策效率，保证公司及子公司业务顺利开展，同时加强公司及子公司对 外担保的日常管理，增强对外担保行为的计划性和合理性，公司预计在 2026 年度内， 公司及合并报表范围内子公司可为公司合并报表范围内的子公司，提供累计不超过 等值人民币 80 亿元的担保额度（简称"本担保额度"），其中向资产负债率 ...

| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-146 | | --- | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | | 立讯精密工业股份有限公司 关于公司2026年度日常关联交易预计公告 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、日常关联交易基本情况 （一）日常关联交易概述 立讯精密工业股份有限公司（以下简称"立讯精密"或"公司"）根据日常经营 与业务发展需要，对2026年度同类日常关联交易的总金额进行合理预计。公司 及子公司预计2026年度内拟与关联方LUXSAN TECHNOLOGY LIMITED（以下 简称"香港立臻"）、东莞杜博皮件有限公司（以下简称"东莞杜博"）、TELERAY (HONG KONG) INTERNATIONAL COMPANY LIMITED（以下简称"香港泰睿"）、 安徽立德汽车部件有限公司（以下简称"安徽立德"）、BCS Automotive Interface Solutions US, LLC (USA)（以下简称"BCS美国"）、立胜汽车科技（ ...