Core Viewpoint - Huahong Technology experienced a 5.03% decline in stock price, closing at 15.66 CNY per share, with a trading volume of 1.08 billion CNY and a turnover rate of 11.92%, resulting in a total market capitalization of 9.828 billion CNY [1] Company Overview - Jiangsu Huahong Technology Co., Ltd. was established on August 19, 2004, and went public on December 20, 2011. The company is located at 1118 Chengyang Road, Zhouzhuang Town, Jiangyin City, Jiangsu Province [1] - The main business segments include recycling resource processing equipment, comprehensive utilization of waste resources, elevator components, and rare earth waste utilization [1] Revenue Composition - The revenue composition of Huahong Technology is as follows: - Comprehensive utilization of rare earth resources: 49.56% - Sales of magnetic materials: 23.77% - Sales of recycling resource processing equipment: 10.45% - Sales of elevator components: 9.83% - Waste recovery processing and trade: 4.68% - Others: 1.71% [1] Fund Holdings - Qianhai Kaiyuan Fund has a significant holding in Huahong Technology, with the Qianhai Kaiyuan Shengxin Mixed A Fund (005541) holding 821,300 shares, representing 4.19% of the fund's net value, making it the eighth largest holding [2] - The fund has reported a floating loss of approximately 681,700 CNY as of the latest update [2] Fund Performance - The Qianhai Kaiyuan Shengxin Mixed A Fund has achieved a year-to-date return of 69.37%, ranking 401 out of 8166 in its category, and a one-year return of 65.63%, ranking 541 out of 8014 [2] - Since its inception, the fund has delivered a return of 228.72% [2] Fund Manager Information - The fund is managed by Yang Delong and Shi Yan, with Yang having a tenure of 15 years and 49 days, overseeing assets totaling 1.961 billion CNY, and a best return of 82.77% during his tenure [2] - Shi has a tenure of 6 years and 151 days, managing assets of 504 million CNY, with a best return of 65.63% [2]

Core Insights - The environmental equipment sector saw a rise of 0.92% on October 9, with Jiuwu Gaoke leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Environmental Equipment Sector Performance - Jiuwu Gaoke (300631) closed at 34.21, up 4.24% with a trading volume of 108,100 shares and a transaction value of 366 million [1] - Shengjian Technology (603324) closed at 28.41, up 3.31% with a trading volume of 73,000 shares and a transaction value of 206 million [1] - Xuedilong (002658) closed at 8.13, up 3.17% with a trading volume of 219,500 shares and a transaction value of 177 million [1] - Other notable performers include ST Xianhe (300137) up 2.96%, Longjing Environmental (600388) up 2.72%, and Huahong Technology (002645) up 2.68% [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 17.02 million from institutional investors, while retail investors saw a net outflow of 51.31 million [2] - Conversely, speculative funds recorded a net inflow of 68.33 million [2] Individual Stock Capital Flow - Huahong Technology (002645) had a net inflow of 62.44 million from institutional investors, while it faced a net outflow of 21.82 million from retail investors [3] - Xuedilong (002658) saw a net inflow of 17.14 million from institutional investors, with a net outflow of 24.95 million from retail investors [3] - Shengjian Technology (603324) had a net inflow of 13.68 million from institutional investors, while retail investors experienced a net outflow of 21.17 million [3]

Group 1 - The core point of the news is that Huahong Technology's stock price increased by 5.04% to 16.87 CNY per share, with a trading volume of 448 million CNY and a turnover rate of 4.83%, resulting in a total market capitalization of 10.588 billion CNY [1] - Huahong Technology, established on August 19, 2004, and listed on December 20, 2011, is located in Jiangyin City, Jiangsu Province. The company specializes in recycling resource processing equipment, comprehensive utilization of waste resources, elevator components, and rare earth waste utilization [1] - The main revenue composition of Huahong Technology includes: 49.56% from rare earth resource utilization, 23.77% from magnetic material sales, 10.45% from recycling resource processing equipment sales, 9.83% from elevator components sales, 4.68% from waste recovery and processing, and 1.71% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Qianhai Kaiyuan Fund has a significant position in Huahong Technology. The Qianhai Kaiyuan Shengxin Mixed A Fund (005541) held 821,300 shares in the second quarter, accounting for 4.19% of the fund's net value, ranking as the eighth largest holding [2] - The Qianhai Kaiyuan Shengxin Mixed A Fund has achieved a year-to-date return of 71.04%, ranking 353 out of 8238 in its category, and a one-year return of 65.86%, ranking 609 out of 8082 [2] - The fund manager, Yang Delong, has a tenure of 15 years and 48 days, with a total fund asset size of 1.961 billion CNY and a best return of 82.77% during his tenure. The co-manager, Shi Yan, has a tenure of 6 years and 150 days, managing assets of 504 million CNY with a best return of 65.63% [3]

Group 1 - The metal cobalt sector increased by 3.49%, ranking third among concept sectors, with 33 stocks rising, including Shengtun Mining, Huahong Technology, and China Metallurgical Group hitting the daily limit [1] - Notable gainers in the cobalt sector included Huayou Cobalt, which rose by 9.38%, Luoyang Molybdenum by 6.51%, and China Nonferrous Metal by 5.44% [1] - The sector saw a net inflow of 625 million yuan from main funds, with 13 stocks receiving net inflows, and six stocks exceeding 100 million yuan in net inflow [2] Group 2 - The top three stocks by net inflow were Huayou Cobalt with 719 million yuan, China Metallurgical Group with 438 million yuan, and Shengtun Mining with 347 million yuan [2] - The net inflow ratios for leading stocks were 25.33% for Huahong Technology, 23.86% for China Metallurgical Group, and 7.66% for Shengtun Mining [3] - The overall performance of the cobalt sector was supported by significant trading volumes, with Huayou Cobalt achieving a turnover rate of 8.32% [3]

Group 1 - The environmental equipment sector rose by 1.32% on September 30, with Guolin Technology leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] - Guolin Technology's stock price increased by 20.00% to 19.86, with a trading volume of 403,400 shares and a transaction value of 752 million [1] Group 2 - The environmental equipment sector saw a net inflow of 378 million from institutional investors, while retail investors experienced a net outflow of 220 million [2] - Huahong Technology had a net inflow of 255 million from institutional investors, representing 23.85% of its total trading volume [3] - The stock of Yingfeng Environment had a net inflow of 39.88 million from institutional investors, accounting for 13.71% of its trading volume [3]

Company Overview - Jiangsu Huahong Technology Co., Ltd. is located in Jiangyin City, Jiangsu Province, established on August 19, 2004, and listed on December 20, 2011 [1] - The company specializes in recycling resource processing equipment, comprehensive utilization of waste resources, elevator components, and rare earth waste utilization [1] Business Segmentation - The main revenue composition includes: - Comprehensive utilization of rare earth resources: 49.56% - Sales of magnetic materials: 23.77% - Sales of recycling resource processing equipment: 10.45% - Sales of elevator components: 9.83% - Waste recovery processing and trade: 4.68% - Others: 1.71% [1] Stock Performance - On September 30, Huahong Technology's stock rose by 6.3%, reaching a price of 15.52 CNY per share, with a trading volume of 279 million CNY and a turnover rate of 3.29%, resulting in a total market capitalization of 9.74 billion CNY [1] Fund Holdings - Xin Yuan Fund has a significant holding in Huahong Technology, with the Xin Yuan Guozheng 2000 Index Enhanced A fund (018579) holding 129,900 shares, accounting for 0.91% of the fund's net value, ranking as the seventh largest holding [2] - The fund has achieved a year-to-date return of 34.76%, ranking 1494 out of 4220 in its category, and a one-year return of 59.1%, ranking 1024 out of 3846 [2] Fund Manager Information - The fund manager of Xin Yuan Guozheng 2000 Index Enhanced A is Liu Yutao, who has been in the position for 3 years and 12 days, managing a total asset size of 554 million CNY [3] - During his tenure, the best fund return was 34.18%, while the worst was -0.2% [3]

Group 1 - The company held its 31st meeting of the 7th Board of Directors on September 29, 2025, with all 9 directors present, confirming the legality and validity of the meeting [2][3][4] - The Board approved the draft of the 2025 Employee Stock Ownership Plan (ESOP) with a vote of 6 in favor and no opposition, with related directors abstaining from the vote [3][6][10] - The Board also approved the management measures for the 2025 ESOP, with the same voting results as the previous resolution [6][22] Group 2 - The company plans to submit the approved ESOP and its management measures to the shareholders' meeting for further approval [5][9][13] - The Board proposed to authorize itself to handle matters related to the ESOP, including changes, terminations, and adjustments in response to legal changes [10][11][12] - A second extraordinary shareholders' meeting is scheduled for October 17, 2025, to discuss the approved resolutions [14][25][30] Group 3 - The 13th meeting of the 7th Supervisory Board was also held on September 29, 2025, with all 3 supervisors present, confirming the legality and validity of the meeting [17][18] - The Supervisory Board approved the draft of the 2025 ESOP with a vote of 2 in favor and no opposition, with one related supervisor abstaining [19][20] - The Supervisory Board confirmed that the ESOP complies with relevant laws and regulations, and it is beneficial for the company's governance and employee motivation [21][22]

Group 1 - The company Huahong Technology (002645.SZ) announced an employee stock ownership plan for 2025 with a funding scale not exceeding 47.1126 million yuan [1] - Each unit of the employee stock ownership plan is priced at 1 yuan, with a maximum number of units set at 47.1126 million [1] - The funding sources for the plan include employees' legal salaries, self-raised funds, and other legally permitted methods, with no financial assistance provided by the company to the holders [1] Group 2 - The shares for the employee stock ownership plan will be sourced from the company's repurchased A-share common stock, totaling no more than 6,561,635 shares, which represents 1.05% of the company's total share capital as of the announcement date [1]

Group 1 - Company Huahong Technology (SZ 002645) announced on September 29 that its 31st meeting of the 7th board of directors was held, discussing the draft of the 2025 employee stock ownership plan [1] - For the first half of 2025, Huahong Technology's revenue composition was as follows: 64.69% from recycling resource processing equipment, 23.77% from magnetic materials, 9.83% from elevator components, and 1.71% from other businesses [1] - As of the report date, Huahong Technology's market capitalization was 9.2 billion yuan [2]

江苏华宏科技股份有限公司 2025年员工持股计划管理办法 江苏华宏科技股份有限公司 2025年员工持股计划管理办法 第一章 总则 第一条 为规范江苏华宏科技股份有限公司（以下简称"华宏科技"或"公司"） 2025 年员工持股计划（以下简称"员工持股计划"或"本计划"或"员工持股计 划"）的实施，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中 华人民共和国证券法》（以下简称"《证券法》"）、中国证监会《关于上市公司 实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、《深圳证券 交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简称 "《自律监管指引》"）等相关法律、行政法规、规章、规范性文件和《江苏华宏 科技股份有限公司章程》（以下简称《公司章程》）《江苏华宏科技股份有限公司 2025 年员工持股计划（草案）》（以下简称"员工持股计划"）之规定，特制定 《江苏华宏科技股份有限公司 2025 年员工持股计划管理办法》（以下简称"本办法" 或"《员工持股计划管理办法》"）。 第二章 员工持股计划的制定 第二条 员工持股计划的基本原则 一、依法合规原则 公司实施员工持股计划， ...