[Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant turnaround in H1 2025, projecting net profit attributable to shareholders between RMB 166 million and RMB 198 million, a 502.09% to 579.60% increase from last year's loss of RMB 41.2841 million, with non-recurring adjusted net profit growing 17.04% to 43.42% Performance Forecast Summary | Item | Current Period | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders (RMB)** | **Profit: 166 million — 198 million** | **Loss: 41.2841 million** | | Year-on-Year Growth | 502.09% — 579.60% | - | | **Net Profit After Non-Recurring Items (RMB)** | **Profit: 71 million — 87 million** | **Profit: 60.6620 million** | | Year-on-Year Growth | 17.04% — 43.42% | - | | **Basic Earnings Per Share (RMB/share)** | **Profit: 0.1990 — 0.2374** | **Loss: 0.0495** | - The company expects to achieve a **turnaround from loss to profit** in the first half of 2025[2](index=2&type=chunk) [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) This performance forecast has not been audited by an accounting firm - This performance forecast represents preliminary calculations by the company's finance department and has not been audited by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Significant performance growth is primarily driven by substantial non-recurring gains, estimated at RMB 95 million to RMB 111 million from wealth management product investments and fair value changes of financial assets, contrasting sharply with last year's loss, alongside steady growth in core business revenue boosting non-recurring adjusted net profit - A significant increase in non-recurring gains is the primary driver for the surge in net profit, with an estimated impact of **RMB 95 million to RMB 111 million** on net profit for H1 2025, compared to a **loss of RMB 101.9461 million** in the prior year period, mainly from investment income on wealth management products and fair value changes of financial assets[4](index=4&type=chunk)[5](index=5&type=chunk) - The company's net profit after non-recurring items achieved year-on-year growth, primarily due to increased operating revenue in the first half of 2025[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises investors that this performance forecast is a preliminary, unaudited estimate by the finance department, with final accurate financial data to be disclosed in the 2025 semi-annual report, urging investors to exercise caution and be aware of investment risks - The company emphasizes that this performance forecast is a preliminary, unaudited estimate, with final data subject to the official semi-annual report, and advises investors to be mindful of investment risks[6](index=6&type=chunk)

Core Viewpoint - The company Xinlian Electronics (002546) expects a significant increase in net profit for the first half of 2025, projecting a range of 166 million to 198 million yuan, representing a year-on-year growth of 502.09% to 579.60% [1] Company Summary - Xinlian Electronics anticipates net profit for H1 2025 to be between 166 million and 198 million yuan [1] - The projected growth rate indicates a substantial increase compared to the previous year, highlighting strong performance expectations [1]

Market Overview - As of June 10, the Shanghai Composite Index closed at 3384.82 points, down 14.96 points, a decrease of 0.44% [1] - The Shenzhen Component Index closed at 10162.18 points, down 87.96 points, a decrease of 0.86% [1] - The ChiNext Index closed at 2037.27 points, down 24.02 points, a decrease of 1.17% [1] High Turnover Stocks - A total of 145 A-shares had a turnover rate exceeding 20% on June 10, with six stocks, including Kangliyuan and Jiaoda Tefa, having turnover rates above 50% [1] - The stock with the highest turnover rate was Kangliyuan (301287) at 78.20%, closing at 55.00 yuan with a price increase of 13.17% [1] - Jiaoda Tefa (920027) had a turnover rate of 72.03%, closing at 31.90 yuan with a significant price increase of 262.09% [1] Notable Stocks - Zhongke Magnetic (301141) had a turnover rate of 59.04%, closing at 55.02 yuan with a price increase of 20.00% [1] - Guokang Biochemical (300804) had a turnover rate of 56.79%, closing at 50.85 yuan with a price decrease of 10.32% [1] - Hai Chen Pharmaceutical (300584) had a turnover rate of 51.03%, closing at 42.27 yuan with a price increase of 2.95% [1] Additional High Turnover Stocks - Yuyin Co. (002177) had a turnover rate of 50.51%, closing at 7.73 yuan with a price decrease of 5.96% [1] - Zhongdian Xindong (002298) had a turnover rate of 49.62%, closing at 8.45 yuan with a price increase of 10.03% [1] - Huamai Technology (603042) had a turnover rate of 49.46%, closing at 18.37 yuan with a price decrease of 5.79% [1]

Core Viewpoint - The stock of Xinlian Electronics has experienced significant price increases, achieving three limit-ups within four trading days, with a cumulative increase of 29.58% and a turnover rate of 60.24% [2] Trading Performance - As of 11:26, the stock recorded a trading volume of 140 million shares and a transaction amount of 848 million yuan, with a turnover rate of 17.52% [2] - The total market capitalization of the stock reached 5.371 billion yuan, while the circulating market capitalization was 5.160 billion yuan [2] Institutional Activity - The stock was listed on the Dragon and Tiger list due to a cumulative price deviation of 20% over three consecutive trading days, with institutions net selling 8.1111 million yuan and brokerage seats collectively net buying 4.1878 million yuan [2] Shareholder Information - As of May 31, the number of shareholders increased to 44,800, reflecting a growth of 300 shareholders or 0.67% compared to the previous period [2] Financial Performance - In the first quarter, the company reported total operating revenue of 177 million yuan, representing a year-on-year increase of 11.57%, and a net profit of 107 million yuan, showing a substantial year-on-year growth of 742.35% [2]

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the performance of various sectors within the equipment manufacturing industry, indicating a mixed outlook for different segments [1][7]. Core Insights - The domestic engineering machinery market is experiencing a short-term decline in activity, with May 2025 data showing a 3.86% year-on-year decrease in average working hours and a 5.01 percentage point drop in operating rates [2][10]. - The automotive sector shows resilience, with a 6% year-on-year increase in daily retail sales of passenger cars during the last week of May 2025, supported by promotional strategies from manufacturers [2][10]. - In the photovoltaic sector, prices for battery cells and modules have stabilized, but demand remains weak, particularly for photovoltaic glass, which is experiencing price declines due to reduced purchasing from downstream component manufacturers [2][10]. Summary by Sections Market Overview - From June 3 to June 6, 2025, the indices for machinery equipment, power equipment, and automotive sectors changed by 0.93%, 1.38%, and 0.17% respectively, ranking 19th, 14th, and 25th among 31 primary industries [7][10]. Industry News and Key Company Announcements - As of April 2025, China's renewable energy generation capacity reached 2.017 billion kilowatts, a 58% year-on-year increase, with wind, solar, and nuclear power surpassing thermal power capacity [2][18]. - A humanoid robot manufacturer has completed a Series A financing round exceeding 100 million RMB, indicating growing investment in robotics [2][18]. - China National Power Engineering Group signed a 1GW project order in Azerbaijan, highlighting international expansion in renewable energy projects [2][20].

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into the performance of various sectors within the equipment manufacturing industry, indicating a mixed outlook for different segments [1][2]. Core Insights - The domestic engineering machinery market is experiencing a short-term decline in activity, with May 2025 data showing a 3.86% year-on-year decrease in average working hours and a 5.01 percentage point drop in operating rates [2]. - The automotive sector shows resilience, with a 6% year-on-year increase in daily retail sales of passenger vehicles in late May 2025, supported by promotional strategies from manufacturers [2]. - The photovoltaic sector is facing challenges, with a slowdown in demand for solar glass and a general decline in prices for various products, indicating a weak market outlook [2]. Summary by Sections Market Overview - From June 3 to June 6, 2025, the indices for machinery equipment, power equipment, and automotive sectors changed by 0.93%, 1.38%, and 0.17% respectively, ranking 19th, 14th, and 25th among 31 primary industries [7][10]. Engineering Machinery - The average working hours for major engineering machinery products in May 2025 were 84.5 hours, down 3.86% year-on-year and 6.25% month-on-month. The operating rate was 59.5%, reflecting a 5.01 percentage point year-on-year decline [2]. Automotive Sector - In the last week of May 2025, the average daily retail sales of passenger vehicles reached 95,000 units, a 6% increase compared to the same period last year, although it represented a 7% decrease from the previous month [2]. Photovoltaic Sector - The prices of photovoltaic cells and modules have seen a slowdown in their decline, but overall demand remains weak, particularly for solar glass, which is experiencing price pressure due to reduced purchasing needs from downstream component manufacturers [2]. Industry News - As of April 2025, China's renewable energy generation capacity reached 2.017 billion kilowatts, a 58% year-on-year increase, with wind, solar, and nuclear power surpassing thermal power capacity for the first time [2].

南京新联电子股份有限公司（以下简称"公司"、 "本公司"）股票交易价格 于 2025 年 6 月 5 日、2025 年 6 月 6 日连续 2 个交易日收盘价格涨幅偏离值累计 达到 20.72%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实的情况说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就 有关事项进行了核查，相关情况说明如下： 证券代码：002546 证券简称：新联电子 公告编号：2025-019 南京新联电子股份有限公司 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、股票交易异常波动情况 买卖本公司股票。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、 协议等；董事会也未获悉本公司有根据《深圳证券交易所股票上市规则》等有关 规定应予以披露而未披露的、对本公司股票及其衍生品种交易价格产生较大影响 的信息；公司前期披露的信息不存在需要更正、补充之处。 四、风险提示 ...

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。 证券代码：002546 证券简称：新联电子 公告编号：2025-019 一、股票交易异常波动情况 南京新联电子股份有限公司（以下简称"公司"、"本公司"）股票交易价格 于 2025 年 6 月 5 日、2025 年 6 月 6 日连续 2 个交易日收盘价格涨幅偏离值累计 达到 20.72%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实的情况说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就 有关事项进行了核查，相关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息。 南京新联电子股份有限公司 股票交易异常波动公告 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、 协议等；董事会也未获悉本公司有根据《深圳证券交易所股票上市规则 ...

Market Overview - A-shares experienced a rally in the afternoon, with the ChiNext Index and the STAR Market Index both rising over 1% [1] - The Shanghai Composite Index closed up 0.23% at 3384.1 points, while the Shenzhen Component Index rose 0.58% to 10203.5 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13.172 billion yuan, an increase of nearly 1.4 billion yuan compared to the previous day [1] Sector Performance - The food and beverage sector saw a pullback, with Yanjinpuzi dropping over 8% [1] - Pharmaceutical stocks also weakened, with Jinkai Biotechnology down nearly 10% and Sinovac Biotech falling over 8% [1] - The CPO concept stocks surged, with Shengyi Electronics and Haide Control hitting the daily limit [3][4] - The computing power concept stocks were strong, with Huijin Co. and Qingyun Technology also reaching the daily limit [1][3] - The virtual power plant concept gained traction, with Hengshi Technology and Ankao Zhidian both hitting the daily limit [7][8] - The sports concept remained active, with Jinling Sports achieving a three-day limit increase and Gongchuang Lawn hitting the limit for four consecutive days [9][10] CPO Concept - The CPO concept saw significant gains, with Shengyi Electronics closing at a 20% limit increase [3][4] - Other notable performers included Shijia Photon and Haide Control, both reaching their daily limits [3][4] Virtual Power Plant Concept - The virtual power plant concept also experienced a strong performance, with Hengshi Technology closing at a 20% limit increase [7][8] - Other companies in this sector, such as Ankao Zhidian and Jinzhi Technology, also saw substantial gains [7][8] Sports Sector - The sports sector showed continued strength, with Jinling Sports achieving a 20% limit increase and a cumulative increase of approximately 94% over four days [9][10] - The Jiangsu Province City Football League attracted significant attendance, boosting local tourism and consumption [11] Policy Developments - The National Energy Administration has initiated pilot projects focusing on new power system construction, including virtual power plants and intelligent microgrids [8][9] - The National Development and Reform Commission and the Energy Administration have introduced policies to promote green electricity connections, enhancing the traceability of renewable energy consumption [9]

Group 1 - The A-share virtual power plant sector showed significant activity at the beginning of trading, with New Alliance Electronics, China Electric Power Xinlong, and Jinzhih Technology all hitting the daily limit up [1] - Hengshi Technology experienced a substantial increase of 15%, while Wansheng Intelligent and Kanan Intelligent also saw gains [1]