Core Insights - The lighting equipment sector experienced a decline of 0.99% on October 29, with Ocean King leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Sector Performance - The following companies in the lighting equipment sector showed notable price movements: - Greer (20.35, +5.50%, 32,000 shares, 62.82 million CNY) [1] - *ST Xingguang (2.08, +5.05%, 822,700 shares, 16.7 million CNY) [1] - Hengtai Lighting (10.94, +1.86%, 20,600 shares, 22.24 million CNY) [1] - Minexplosion Optoelectronics (43.19, +0.91%, 53,219 shares, 22.89 million CNY) [1] - Sanxiong Aurora (12.44, +0.40%, 45,900 shares, 57.04 million CNY) [1] - Foshan Lighting (6.38, 0.00%, 111,300 shares, 70.63 million CNY) [1] - Sunshine Lighting (3.63, -0.27%, 197,000 shares, 71.15 million CNY) [1] - Lida Xin (17.39, -1.14%, 60,300 shares, 105 million CNY) [1] - Komatsu Co. (7.86, -1.26%, 148,900 shares, 117 million CNY) [1] - Debang Lighting (13.73, -1.29%, 16,700 shares, 23.08 million CNY) [1] Capital Flow - The lighting equipment sector saw a net outflow of 32.03 million CNY from institutional investors, while retail investors contributed a net inflow of 23.99 million CNY [2] - The following companies had significant capital flow: - Lida Xin: Net inflow of 9.05 million CNY from institutional investors, but net outflows from retail and speculative investors [3] - *ST Xingguang: Net inflow of 8.19 million CNY from institutional investors, with outflows from speculative and retail investors [3] - Sunshine Lighting: Net inflow of 3.65 million CNY from institutional investors, with outflows from speculative investors [3] - Shihong History: Net inflow of 2.54 million CNY from institutional investors, but significant outflows from speculative investors [3] - Foshan Lighting: Net inflow of 2.53 million CNY from institutional investors, with outflows from speculative investors [3]

Core Viewpoint - The company has disclosed its third-quarter financial report, highlighting significant changes in key financial metrics and ongoing legal matters related to shareholder compensation and asset transactions [3][4][10]. Financial Data Summary - The company's cash and cash equivalents increased by 166.12% compared to the beginning of the period, primarily due to the redemption of bank wealth management products and proceeds from the disposal of construction projects [4]. - Trade financial assets decreased by 20.00%, while accounts receivable increased by 112.74% due to higher customer payments via bills [4]. - Inventory decreased by 31.60% as a result of timely deliveries and cost recognition [5]. - R&D expenses rose by 57.61%, reflecting increased investment in research and development [6]. - Financial expenses surged by 85.77%, attributed to exchange rate fluctuations and declining interest income from bank deposits [6]. - The company reported a 50.58% decrease in investment income due to losses from joint ventures and reduced financial returns [6]. Shareholder Information - The company has experienced changes in the ownership of shares, with significant portions of shares held by certain shareholders being subject to judicial disposal [9]. - The largest shareholder, JingTengDa, holds 21.31% of the voting rights, while the actual controller remains Li Junfeng [9]. Legal Matters - The company is actively pursuing legal actions against several parties for performance compensation related to previous agreements, with some shares already repurchased and canceled [10][11]. - Ongoing litigation involves a real estate transfer contract with WeiLiang Electric, where the company is defending its interests against claims for contract termination [12][15]. - The company has initiated arbitration proceedings against Aidi Education Acquisition for unpaid obligations, with significant assets currently frozen [16]. Asset Transactions - The company has agreed to sell a construction project to Shanghai Nanxian Investment Development Co., Ltd. for a total price of 420 million yuan, which is expected to improve cash flow and reduce project risks [16].

Group 1 - The core point of the article highlights that Qingshan Co., Ltd. reported a revenue of approximately 311 million yuan for the first three quarters of 2025, representing a year-on-year increase of 7.16% [1] - The company experienced a net loss attributable to shareholders of approximately 179 million yuan during the same period [1] - The basic earnings per share for the company were reported as a loss of 0.1257 yuan [1] Group 2 - The article also notes that the A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation [1] - It emphasizes that the technology sector is reshaping the market dynamics, leading to the emergence of a "slow bull" market pattern [1]

Core Insights - The company reported a significant decline in third-quarter revenue and net profit, indicating financial challenges [1] - Year-to-date revenue shows a modest increase, but net profit continues to decline sharply [1] Financial Performance - Third-quarter revenue was 47.55 million, a decrease of 30.53% [1] - Third-quarter net profit loss amounted to 150 million, a decline of 685.91% [1] - Year-to-date revenue reached 311 million, reflecting a growth of 7.16% [1] - Year-to-date net profit loss totaled 179 million, a decrease of 328.44% [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥47,548,925.98, a decrease of 30.53% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥150,434,472.74, reflecting a significant decline of 685.91% year-on-year[5]. - The basic earnings per share were -¥0.1059, down 690.30% from the previous year[5]. - Total operating revenue for the current period reached ¥310,901,976.77, an increase of 7.5% compared to ¥290,115,552.81 in the previous period[28]. - Net loss for the current period was ¥178,565,845.49, compared to a net loss of ¥41,684,581.60 in the previous period, indicating a significant increase in losses[29]. - The company's total comprehensive loss for the current period was ¥177,912,154.07, compared to a loss of ¥41,449,925.37 in the previous period, indicating a significant increase in overall losses[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,327,759,217.12, a decrease of 9.52% from the end of the previous year[5]. - The company's total assets decreased to ¥2,327,759,217.12 from ¥2,572,774,144.02, a decline of approximately 9.5%[28]. - Total liabilities decreased to ¥266,982,508.23 from ¥334,085,281.06, representing a reduction of about 20%[28]. - The company's total current assets increased to RMB 1,720,430,057.12 as of September 30, 2025, compared to RMB 1,464,224,642.09 at the beginning of the period, reflecting a growth of approximately 17.5%[26]. Cash Flow - Cash flow from operating activities showed a net increase of 109.82% year-to-date, amounting to ¥3,605,609.50[5]. - Operating cash inflow for the current period was CNY 399,514,691.70, an increase of 9.1% from CNY 366,543,140.55 in the previous period[30]. - Net cash flow from operating activities was CNY 3,605,609.50, a significant recovery from a net outflow of CNY -36,733,200.16 in the previous period[30]. - Cash outflow from financing activities was CNY 4,790,579.83, a decrease of 84.5% from CNY 30,947,059.81 in the previous period[31]. - The net increase in cash and cash equivalents was CNY 315,091,218.52, compared to a net decrease of CNY -289,111,670.76 in the previous period[31]. - The ending balance of cash and cash equivalents was CNY 411,832,199.19, up from CNY 159,306,995.75 in the previous period[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,628[12]. - Dongguan Qunshang Group holds 10.02% of shares, amounting to 143,940,370 shares, with 142,000,000 shares pledged[12]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Dongguan Qunshang Group, having a voting power of 21.31% after excluding repurchased shares[13]. - The company has repurchased 16,498,650 shares, representing 1.15% of the total share capital[13]. - The equity attributable to shareholders of the parent company decreased to ¥2,060,559,677.99 from ¥2,238,463,421.46, a decline of approximately 8%[28]. Legal Matters - The company has initiated legal proceedings for performance compensation against multiple parties, with a court ruling in favor of the company[15]. - Compensation obligations from Yang Yong include 82,081,128 shares and cash compensation of 78,892,524.24 RMB, which remain unfulfilled[17]. - The company filed a counterclaim in response to Weiliang Electric's lawsuit, which was dismissed by the court, and the company plans to appeal the decision[20]. - The company has initiated arbitration against Aidi Education Acquisition for unpaid obligations amounting to RMB 649,094,940.04, with ongoing legal measures to protect its interests[22]. - As of the reporting date, RMB 67.9404 million in the company's fundraising account has been frozen due to ongoing legal disputes[22]. Research and Development - Research and development expenses increased by 57.61% year-on-year, indicating a focus on innovation[9]. - Research and development expenses increased to ¥12,119,913.41 from ¥7,689,650.00, reflecting a growth of 57.5%[29]. Asset Management - The company reported a 41,398.24% increase in cash received from the disposal of fixed assets, driven by the sale of a subsidiary's construction project[10]. - The company agreed to sell a construction project for RMB 420 million to optimize its asset structure and enhance cash flow[23]. - The company's inventory decreased by 31.60% year-on-year, reflecting effective management of stock levels[8]. - Inventory decreased to RMB 94,401,449.53 from RMB 138,016,418.45, indicating a reduction of approximately 31.6%[26]. - The company's non-current assets, including fixed assets and intangible assets, showed a decline, with intangible assets dropping from RMB 237,552,164.80 to RMB 55,140,730.85[26].

（记者 曾健辉） 截至发稿，勤上股份市值为40亿元。 每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" 每经AI快讯，勤上股份（SZ 002638，收盘价：2.75元）10月27日晚间发布公告称，东莞勤上光电股份 有限公司于2025年10月24日召开第六届董事会第十九次会议审议通过了《关于回购股份集中竞价减持计 划的议案》。根据公司于2024年7月27日披露的《回购报告书》之约定用途，同意公司计划以集中竞价 方式减持已回购股份不超过约1650万股，减持期间为自减持计划公告之日起十五个交易日之后六个月 内。 ...

证券代码：002638 证券简称：勤上股份 公告编号：2025-053 东莞勤上光电股份有限公司 经认真审议，与会董事以通讯投票的方式进行表决，形成本次会议决议如下： 第六届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、召开情况 东莞勤上光电股份有限公司（以下简称"公司"）第六届董事会第十九次会 议于2025年10月24日在公司会议室以通讯的方式召开，会议由董事长李俊锋先 生召集和主持。会议通知已于2025年10月20日以专人送达、电子邮件或传真等 方式送达全体董事。本次会议应出席董事9名，实际出席董事9名。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》等相关法律法规、 部门规章和《公司章程》的规定，会议合法有效。公司全部监事及高管列席了本 次会议。 二、审议情况 1、第六届董事会第十九次会议决议。 特此公告。 东莞勤上光电股份有限公司董事会 2025 年 10 月 27 日 1 （一）审议通过了《关于回购股份集中竞价减持计划的议案》 表决结果：9 票同意，0 票反对，0 票弃权。 《关于回购股份集中竞价 ...

证券代码：002638 证券简称：勤上股份 公告编号：2025-054 东莞勤上光电股份有限公司 2、减持方式：采用集中竞价交易方式； 关于回购股份集中竞价减持计划的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 东莞勤上光电股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召 开第六届董事会第十九次会议审议通过了《关于回购股份集中竞价减持计划的议 案》。根据公司于 2024 年 7 月 27 日披露的《回购报告书》之约定用途，同意 公司计划以集中竞价方式减持已回购股份不超过 16,498,650 股（即不超过公司 总股本的 1.15%），减持期间为自减持计划公告之日起十五个交易日之后六个月 内。具体情况如下： 一、公司已回购股份的基本情况 公司于 2024 年 7 月 22 日召开第六届董事会第十一次会议审议通过了《关 于股份回购方案的议案》，同意公司使用自有资金以集中竞价方式回购公司部分 股份，用于维护公司价值及股东权益所必须。回购的资金总额不低于人民币 3,000 万元（含）且不超过人民币 5,000 万元（含），回购股份价格不超 ...

Core Insights - The lighting equipment sector experienced a 1.46% increase on October 23, with Lida Xin leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index also rose by 0.22% to 13025.45 [1] Stock Performance Summary - Lida Xin (605365) closed at 16.65, up 3.93% with a trading volume of 123,100 shares and a turnover of 202 million yuan [1] - Other notable performers included: - Qinsong Co. (002638) at 2.82, up 2.17% [1] - Sanxiong Aurora (300625) at 12.35, up 2.15% [1] - OPPLE Lighting (603515) at 18.06, up 2.03% [1] - ST Xingguang (002076) at 2.02, up 2.02% [1] Capital Flow Analysis - The lighting equipment sector saw a net outflow of 9.95 million yuan from institutional investors and 22.77 million yuan from speculative funds, while retail investors contributed a net inflow of 32.72 million yuan [2] - Detailed capital flow for selected stocks included: - Sanxiong Aurora (300625) with a net outflow of 3.93 million yuan from institutional investors [3] - OPPLE Lighting (603515) had a net inflow of 260.97 million yuan from institutional investors [3] - Lida Xin (605365) experienced a net outflow of 1.35 million yuan from institutional investors [3]

Market Overview - The lighting equipment sector experienced a decline of 1.84% on October 17, with Greely leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Greely (code: 920641) closed at 20.19, down 7.09% with a trading volume of 48,300 and a turnover of 99.55 million [1] - Hengtai Lighting (code: 920339) closed at 9.84, down 4.19% with a trading volume of 660,696 and a turnover of 9.69 million [1] - Ocean King (code: 002724) closed at 7.35, down 4.17% with a trading volume of 128,100 and a turnover of 95.98 million [1] - Lida Xin (code: 605365) closed at 15.17, down 2.76% with a trading volume of 42,200 and a turnover of 64.74 million [1] - Min Explosive Optoelectronics (code: 301362) closed at 42.34, down 2.76% with a trading volume of 9,690 and a turnover of 41.99 million [1] - Foshan Lighting (code: 000541) closed at 6.17, down 2.22% with a trading volume of 100,700 and a turnover of 62.81 million [1] - Sunshine Lighting (code: 600261) closed at 3.52, down 1.95% with a trading volume of 156,100 and a turnover of 55.49 million [1] - Lianyu Co., Ltd. (code: 001326) closed at 52.42, down 1.84% with a trading volume of 14,400 and a turnover of 76.75 million [1] - Xiaosong Co., Ltd. (code: 002723) closed at 7.84, down 1.63% with a trading volume of 104,000 and a turnover of 81.92 million [1] - ST Xingguang (code: 002076) closed at 1.83, down 1.61% with a trading volume of 181,000 and a turnover of 33.53 million [1] Fund Flow Analysis - The lighting equipment sector saw a net outflow of 11.15 million from main funds, while retail investors had a net inflow of 8.17 million [1] - The main fund inflow and outflow for specific stocks include: - Min Explosive Optoelectronics: net inflow of 4.55 million from main funds, net outflow of 3.16 million from retail funds [2] - Qinsong Co., Ltd.: net inflow of 3.88 million from main funds, net outflow of 0.66 million from retail funds [2] - Lianyu Co., Ltd.: net inflow of 2.64 million from main funds, net inflow of 4.18 million from retail funds [2] - Sanxiong Aurora: net inflow of 0.97 million from main funds, net outflow of 1.83 million from retail funds [2] - Lida Xin: net outflow of 0.09 million from main funds, net inflow of 0.87 million from retail funds [2] - ST Xingguang: net outflow of 0.56 million from main funds, net inflow of 0.99 million from retail funds [2] - OPPLE Lighting: net outflow of 0.86 million from main funds, net inflow of 1.17 million from retail funds [2] - Debang Lighting: net outflow of 1.96 million from main funds, net inflow of 3.36 million from retail funds [2] - Ocean King: net outflow of 4.45 million from main funds, net inflow of 2.00 million from retail funds [2]