Core Insights - The professional engineering sector saw an increase of 0.99% on November 13, with Sanwei Chemical leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Summary of Key Points Performance of Leading Stocks - Sanwei Chemical (002469) closed at 9.26, up 6.81%, with a trading volume of 635,000 shares and a transaction value of 587 million yuan [1] - Aiman Co. (605289) closed at 69.93, up 6.16%, with a trading volume of 46,200 shares and a transaction value of 318 million yuan [1] - Yongfu Co. (300712) closed at 31.58, up 4.29%, with a trading volume of 152,900 shares and a transaction value of 477 million yuan [1] - Donghua Technology (002140) closed at 12.97, up 3.93%, with a trading volume of 305,000 shares and a transaction value of 395 million yuan [1] - Baili Technology (6568209) closed at 7.50, up 3.02%, with a trading volume of 274,900 shares and a transaction value of 205 million yuan [1] Performance of Declining Stocks - Nenghui Technology (301046) closed at 29.01, down 3.04%, with a trading volume of 62,400 shares and a transaction value of 183 million yuan [2] - China Haicheng (002116) closed at 11.48, down 2.63%, with a trading volume of 621,400 shares and a transaction value of 705 million yuan [2] - Jinggong Steel Structure (600496) closed at 4.45, down 1.33%, with a trading volume of 567,700 shares and a transaction value of 252 million yuan [2] Capital Flow Analysis - The professional engineering sector experienced a net outflow of 418 million yuan from main funds, while retail funds saw a net inflow of 128 million yuan [2]

Group 1 - Huayang Intelligent's shareholder, Fosun Weiying, plans to reduce its stake by up to 285.42 million shares, representing no more than 5% of the company [1] - Kangtai Biological's controlling shareholder's concerted actor, Du Xinglian, intends to reduce its stake by up to 272.4 million shares, which is no more than 0.24% of the total share capital [2] - Mindray Medical has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [4] Group 2 - Junpu Intelligent's chairman, Liu Yuan, resigned for personal reasons, and Wang Jianfeng was elected as the new chairman [6] - Mingchen Health's actual controller and executives plan to collectively reduce their stake by up to 8.61 million shares, accounting for 3.27% of the total share capital [7] - Zhongheng Design's directors and executives plan to reduce their stake by up to 151.57 million shares, representing no more than 0.55% of the total share capital [9] Group 3 - ST Erya and its actual controller, Zheng Jiping, are still under investigation by the China Securities Regulatory Commission [10] - Qicai Chemical's shareholder, Beijing Fengyan, plans to reduce its stake by up to 399.12 million shares, accounting for 0.98% of the total share capital [11] - Aier Eye Hospital plans to distribute a cash dividend of 0.8 yuan per 10 shares to all shareholders, totaling approximately 744 million yuan [12] Group 4 - Meiri Interactive's actual controller's concerted actor plans to reduce its stake by up to 394.74 million shares, which is 1% of the total share capital [13] - Maipu Medical's pre-IPO shareholder plans to reduce its stake by up to 67.05 million shares, representing no more than 1% of the total share capital [15] - Qinchuan Machine Tool's subsidiary plans to increase its registered capital from 50 million yuan to 200 million yuan, introducing new investors [17] Group 5 - Guiyang Bank's proposed director, Yu Rui, has resigned due to work reasons [19] - Guiyang Bank plans to acquire Xifeng Development Village Bank and establish a branch [20] - Aojing Medical's directors and executives plan to collectively reduce their stake by up to 25.28 million shares, accounting for no more than 0.19% of the total share capital [21] Group 6 - Zhongji Xuchuang intends to issue H-shares and list on the Hong Kong Stock Exchange [22] - ST Huatuo's stock will have its risk warning lifted, changing its name to Shiji Huatuo [25] - *ST Gaohong's stock has been delisted from the Shenzhen Stock Exchange [27] Group 7 - Tianwo Technology plans to publicly transfer a 7.12% stake in Qinghai Haihe Railway Transportation Co., with an assessed value of approximately 8.54 million yuan [28] - Xingye Technology's major shareholder plans to reduce its stake by up to 886.65 million shares, representing no more than 3% of the total share capital [29] - Jiangnan Chemical has successfully acquired 100% equity of Chongqing Shun'an Explosive Materials Co., with a transfer base price of 1 billion yuan [31]

Group 1 - Tianwo Technology (SZ 002564) announced on November 10 that its fourth board meeting was held via communication, where the proposal to sell equity in Qinghai Haihe was reviewed [1] - As of the report, Tianwo Technology has a market capitalization of 7.6 billion yuan [1] Group 2 - The chairman of Peking University Pharmaceutical, Xu Xiren, was arrested, and prior to this, police had investigated the group's factory [1] - Internal sources indicated that the group's assets were disposed of by Xu, with a significant amount of funds unaccounted for [1]

Core Viewpoint - Tianwo Technology (002564.SZ) plans to publicly transfer its 7.1173% stake in Qinghai Haihe Railway Transportation Co., Ltd. through the Shanghai United Assets and Equity Exchange, with an assessed value of 8.5376 million yuan as of June 30, 2025 [1] Group 1 - The company currently holds a 7.1173% equity stake in Qinghai Haihe [1] - The stake's asset valuation is based on an assessment by a third-party evaluation agency [1] - The company has completed the necessary state-owned asset registration procedures for the transfer [1]

Core Viewpoint - Tianwo Technology (002564) plans to publicly transfer its 7.1173% stake in Qinghai Haihe Railway Transportation Co., Ltd. through the Shanghai United Assets and Equity Exchange, with an asset valuation of 8.5376 million yuan as of June 30, 2025 [1] Group 1 - The company currently holds a 7.1173% equity stake in Qinghai Haihe [1] - The asset valuation of the stake is determined to be 8.5376 million yuan based on a third-party evaluation [1] - The company has completed the necessary state-owned asset registration procedures for the transfer [1]

Core Viewpoint - Tianwo Technology announced the intention to publicly transfer its 7.1173% stake in Qinghai Haihe through the Shanghai United Assets and Equity Exchange, with an assessed value of 8.5376 million yuan as of June 30, 2025 [1] Group 1: Company Actions - The company has completed the state-owned asset registration for the stake transfer [1] - Qinghai Xinheng Aluminum has waived its right of first refusal, while Qinghai Qingzang Railway Logistics has not [1] Group 2: Financial Performance - For the first half of 2025, Qinghai Haihe reported revenue of 6.5931 million yuan and a net loss of 2.8318 million yuan [1] Group 3: Strategic Implications - If the transaction is successful, it will help the company to revitalize its assets and focus on its core business, with the final profit and loss yet to be determined [1]

证券代码：002564 证券简称：天沃科技 公告编号：2025-054 苏州天沃科技股份有限公司 关于拟公开挂牌转让参股公司股权的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、 交易概述 苏州天沃科技股份有限公司（以下简称"天沃科技"或"公司"）原持有参 股公司青海海河铁路运输有限公司（以下简称"青海海河"）7.1173%股权，现拟 通过上海联合产权交易所有限公司公开挂牌转让。根据第三方评估机构的评估结 果，以 2025 年 6 月 30 日为基准日，公司持有的青海海河 7.1173%股权资产评估 值为 853.76 万元，并已履行完毕国资备案程序。公司将以此为基础制定本次公 开挂牌转让的首次挂牌价格。 标的名称：青海海河铁路运输有限公司 统一社会信用代码：91633000710558818K 企业类型：其他有限责任公司 公司于 2025 年 11 月 10 日召开第四届董事会第七十六次会议，审议通过了 《关于出售青海海河股权的议案》。董事会授权公司管理层全权办理本次交易相 关事宜，包括但不限于制定及调整本次公开挂牌出售的具体方案（含挂牌价格）、 ...

1.以 8 票同意、0 票反对、0 票弃权的结果审议通过了《关于出售青海海河股 权的议案》。 具体内容详见公司于 2025 年 11 月 11 日分别在《中国证券报》《上海证券报》 《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）披露的《关于拟 公开挂牌转让参股公司股权的公告》（公告编号：2025-054）。 三、备查文件 证券代码：002564 证券简称：天沃科技 公告编号：2025-053 苏州天沃科技股份有限公司 第四届董事会第七十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，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 苏州天沃科技股份有限公司（以下简称"公司"）第四届董事会第七十六次会 议于 2025 年 11 月 10 日以通讯方式召开。本次会议于 2025 年 11 月 3 日以电话或 邮件形式通知全体董事，会议由董事长易晓荣先生主持，会议应到董事 8 名，实 到董事 8 名，部分监事和高级管理人员列席了会议。本次会议出席人数、召开程 序、议事内容均符合《中华人民共和国公司法》和《苏州天沃科技股份有限公司 章程》的有关规定 ...

Core Viewpoint - Several listed companies, including ST Huatuo, Tianwo Technology, and ST Emergency, have reported significant revenue and net profit growth for Q3 2025, despite facing issues related to securities fraud and regulatory penalties. This performance improvement provides a stronger basis for investor compensation through legal channels [1]. Group 1: ST Huatuo - ST Huatuo reported a quarterly revenue exceeding 10 billion yuan for the first time, with a net profit increase of 163.78% year-on-year [2]. - The company has faced regulatory penalties for financial misconduct from 2018 to 2022, with a total fine of 8 million yuan and accountability for its financial executives [2]. - Investors who purchased shares between April 27, 2019, and July 24, 2023, may be eligible for compensation [3]. Group 2: Tianwo Technology - Tianwo Technology achieved a revenue of 1.954 billion yuan in the first three quarters, a year-on-year increase of 14.83%, and a net profit surge of 950.20% [4]. - The company is currently dealing with over 100 compensation claims from shareholders, totaling approximately 13.84 million yuan [4]. - Investors who bought shares between April 28, 2017, and April 27, 2023, may also seek compensation [4]. Group 3: ST Emergency - ST Emergency reported total revenue of 591 million yuan, a year-on-year decrease of 18.06%, but a net profit increase of 58.96% [5]. - The company received penalties for accounting errors in its 2022 annual report, which overstated revenue by 31.37 million yuan [5]. - Investors who purchased shares between April 26, 2023, and December 19, 2023, may be eligible for compensation [5]. Group 4: Renzhi Co. - Renzhi Co. experienced a revenue decline of 47.95% year-on-year, with a net loss of 21.15 million yuan [6]. - The company has made progress in its securities fraud cases, with a court ruling requiring it to compensate investors [6]. - Investors who bought shares between August 28, 2020, and March 25, 2024, may still seek compensation [6].

Market Overview - The professional engineering sector experienced a decline of 0.48% on November 4, with Shanghai Port leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable gainers in the professional engineering sector included: - Yaxiang Integration (603929) with a closing price of 50.30, up 7.69% and a trading volume of 159,900 shares [1] - Yongfu Co., Ltd. (300712) closed at 29.12, up 5.78% with a trading volume of 231,300 shares [1] - Shikong Technology (605178) closed at 66.49, up 4.13% with a trading volume of 208,300 shares [1] - Other stocks with positive performance included: - Rishang Group (002593) up 2.27% [1] - Huadian Technology (601226) up 1.34% [1] Decliners - Major decliners included: - Fei Gui Yu Shan (605598) down 3.13% with a trading volume of 91,600 shares [2] - Honglu Steel Structure (002541) down 3.10% with a trading volume of 66,100 shares [2] - Shenghui Integration (603163) down 2.46% with a trading volume of 70,300 shares [2] Capital Flow - The professional engineering sector saw a net outflow of 395 million yuan from institutional investors, while retail investors contributed a net inflow of 310 million yuan [2][3] - Notable capital flows included: - Yongfu Co., Ltd. (300712) with a net inflow of 71.39 million yuan from institutional investors [3] - Rishang Group (002593) with a net inflow of 26.38 million yuan from institutional investors [3] - Shikong Technology (603098) with a net inflow of 15.01 million yuan from institutional investors [3]