Core Viewpoint - The information regarding "Wanrun Technology's online reverse roadshow and obtaining large orders" is false, as confirmed by the company [1] Company Announcement - Wanrun Technology issued an announcement regarding abnormal stock trading fluctuations, stating that it has not conducted any investor relations activities or accepted any form of research recently [1] - The company emphasized that the circulated information is untrue and that there have been no significant undisclosed events reported in the media that could impact the company's stock price [1]

（编辑 姚尧） 证券日报网讯 10月20日晚间，万润科技发布公告称，公司股票连续3个交易日内（2025年10月16日、10 月17日、10月20日）日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动。公司前期披露的信 息不存在需要更正、补充之情况。公司近期生产经营情况正常，内外部经营环境未发生重大变化。 ...

Core Insights - Ningde Times reported a net profit of 18.5 billion yuan for the third quarter, a year-on-year increase of 41% [1] - Dazhu CNC's net profit for the third quarter surged by 282%, driven by strong demand for AI server high multilayer boards and increased sales of innovative equipment [1] - Wanrun Technology clarified that recent rumors regarding an online roadshow and large orders were false [1] Financial Performance - Ningde Times: Q3 net profit of 18.5 billion yuan, revenue of 104.19 billion yuan, and a net profit excluding non-recurring items of 16.4 billion yuan [1] - Dazhu CNC: Q3 revenue of 1.521 billion yuan, net profit of 228 million yuan, with a year-on-year revenue growth of 95.19% and net profit growth of 281.94% [1] - China Shipbuilding: Expected net profit increase of 104.30% to 126.39% for the first three quarters [4] - Ding Tong Technology: Net profit growth of 125% for the first three quarters [4] - Other companies reporting significant profit increases include Nairui Radar (estimated 181% increase), Meixin Sheng (132% increase), and Yanjing Beer (37.45% increase) [4] Other Developments - Xiangnong Chip announced that its third-largest shareholder, New Momentum Fund, plans to reduce its stake by up to 1% [2] - Dongtu Technology is planning to issue shares to acquire assets from Beijing Gaoweike Electric Technology, with stock suspension starting from October 21, 2025 [3] - Shennma Power reported a 56.69% increase in net profit for Q3 [5] - Industrial Fulian plans to distribute 3.3 yuan per 10 shares for the first half of 2025 [6]

Core Viewpoint - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding significant corporate actions and financial performance. Group 1: Corporate Announcements - Wanrun Technology clarified that rumors about an online roadshow and large orders are false, stating no such investor relations activities have occurred recently [4] - DiAo Micro plans to acquire 100% of Rongpai Semiconductor through a combination of share issuance and cash payment, with stock resuming trading on October 21, 2025 [5][6] - Dongtu Technology is planning to issue shares to acquire assets from Beijing Gaoweike Electric Technology, with stock suspension starting October 21, 2025 [7] - Guangsheng Nonferrous Metals announced the absorption merger of two wholly-owned rare earth subsidiaries to enhance management efficiency and reduce operational costs [8] - Shan Shui Technology's actual controller and chairman was subjected to criminal coercive measures, but the company's operations remain normal [9] - Xingchen Technology completed the acquisition of 53.3087% of Shanghai Furui Kun Microelectronics, which will now be a subsidiary [10] - Yiyi Co. is planning to issue shares and cash to acquire assets, with stock suspension since October 14, 2025 [11] - Yintai Group's acquisition of Huatuo Pharmaceutical received antitrust approval, allowing the transaction to proceed [12] Group 2: Financial Performance - China Mobile reported a net profit of 31.1 billion yuan for Q3 2025, a year-on-year increase of 1.4%, with total revenue of 794.7 billion yuan for the first three quarters, up 0.4% [14] - Alloy Investment's Q3 net profit surged by 4985% to 2.68 million yuan, with revenue of 65.71 million yuan, a 21.61% increase [15] - iFlytek's Q3 net profit increased by 202.4% to 172 million yuan, with revenue of 6.078 billion yuan, up 10.02% [16] - Yonghe Co. reported a Q3 net profit of 198 million yuan, a 485.77% increase, with total revenue of 1.34 billion yuan, up 11.42% [17] - Dazhu CNC's Q3 net profit rose by 282% to 228 million yuan, with revenue of 1.521 billion yuan, a 95.19% increase [18] - Dingtong Technology's Q3 net profit grew by 125% to 61.175 million yuan, with year-to-date revenue of 1.156 billion yuan, up 64.45% [20] - Shenneng Power's Q3 net profit increased by 56.69% to 117 million yuan, with total revenue of 459 million yuan, up 33.38% [21] - Runben Co. reported a slight decline in Q3 net profit by 2.89%, totaling 78.52 million yuan, despite a revenue increase of 16.67% [22] - Dayang Bio's Q3 net profit grew by 56.12% to 29.53 million yuan, with revenue of 248 million yuan, up 5.72% [23] - Kaile Co. reported a significant increase in net profit by 159.14% for the first three quarters, totaling 21.63 million yuan [24] - China Shipbuilding expects a net profit increase of 104% to 126% for the first three quarters, estimating between 5.55 billion to 6.15 billion yuan [25] Group 3: Shareholding Changes - Zhejiang Mining's major shareholders plan to reduce their holdings by up to 3% of the company's shares [27] - Blue Arrow Electronics' shareholders intend to reduce their holdings by up to 3% [28] - Jifeng Technology's shareholders plan to reduce their holdings by up to 3% [29] Group 4: Major Contracts - Dash Smart announced a joint bid for a smart transportation project worth 96 million yuan, which represents 3.03% of the company's projected revenue for 2024 [30]

10月20日晚间，万润科技发布股票交易异常波动公告称，公司近日发现市场上流传"万润科技线上反路 演及获得大额订单"的相关信息，经公司核查，公司近日未开展前述投资者关系活动、亦未接受其它任 何形式的调研，前述信息所涉内容为不实信息。除此之外，近期公共传媒没有报道可能或已经对公司股 票交易价格产生较大影响的未公开重大信息。 万润科技今日涨停，全天成交额超22亿元，截至收盘，涨停板上封单仍超9万手。 | 17.24 | | 额 22.25亿 股本8.45亿 市盈 294.7 | | 万得 | | | --- | --- | --- | --- | --- | --- | | +1.57 | +10.02% | 换 15.87% 市值1 146亿 市净 9.38 | | 盘口 | | | 关闭4 | 五日 | 日K 周K 月K 更多 | | | | | 叠加 | | 盘口 | | 智能 | | | 17.24 | | 10.02% 卖5 | | | 0 | | | | 卖4 | | | 0 | | | | $3 卖2 | | | 0 0 | | 15.67 | | 0 000/ 2 == | | | 0 | | | ...

10月 20日晚间，万润科技发布股票交易异常波动公告称，公司近日发现市场上流传"万润科技线上反路演及获得大额订单"的相关信息，经公司核查， 公司近日未开展前述投资者关系活动、亦未接受其它任何形式的调研，前述信息所涉内容为不实信息。除此之外，近期公共传媒没有报道可能或已经对 公司股票交易价格产生较大影响的未公开重大信息。 万润科技今日涨停，全天 成交额超22亿元， 截至收盘， 涨停板上封单仍超9万手。 | 17.24 | | 额 22.25亿 股本8.45亿 市盈 294.7 | 万得 참■ | | | --- | --- | --- | --- | --- | | +1.57 | | +10.02% 换 15.87% 市值1146亿 市净 9.38 | | | | 分时 五日 | | 日Ｋ 周Ｋ 月Ｋ 更多 | | | | 叠加 | | 盘口 | 资金 | | | 17.24 | | 10.02% 卖5 -- | | 0 | | | | 卖4 -- 23 | | 0 | | 15.67 | | 0.00% | | | | | ミ2 | | | 0 0 | | | | 卖1 | | O | | | | ग्रे ...

Financial Performance - China Mobile reported a net profit of 31.1 billion yuan for Q3 2025, a year-on-year increase of 1.4% [1] - iFlytek's Q3 net profit increased by 202.4%, reaching 172 million yuan, with revenue of 6.078 billion yuan, up 10.02% year-on-year [2] - China Shipbuilding expects a net profit of 5.55 to 6.15 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 104.3% to 126.39% [3] - Industrial Fulian plans to distribute a cash dividend of 3.3 yuan per 10 shares, totaling 6.551 billion yuan, which is 54.08% of its net profit for the first half of 2025 [4] - Alloy Investment reported a Q3 net profit of 2.68 million yuan, a staggering increase of 4985.25% [11] - Yonghe shares achieved a Q3 net profit of 198 million yuan, up 485.77% year-on-year [12] - Dazhu CNC's Q3 net profit grew by 282% to 228 million yuan [13] - Dingtong Technology's net profit for the first three quarters increased by 125% to 177 million yuan [14] - Shenneng Power's Q3 net profit rose by 56.69% to 117 million yuan [15] - Runben shares reported a slight decline in Q3 net profit by 2.89% [16] - Dayang Bio's Q3 net profit increased by 56.12% to 29.53 million yuan [18] - Kaile shares reported a 159.14% increase in net profit for the first three quarters [19] Corporate Actions - Wanrun Technology clarified that recent market rumors regarding online roadshows and large orders were false [5] - Dongtu Technology announced a stock suspension while planning to acquire assets from Beijing Gaoweike Electric Technology [6] - Guangsheng Nonferrous Metals is merging two wholly-owned rare earth subsidiaries to enhance operational efficiency [7] - Sanwater Technology's actual controller and chairman was taken under criminal coercive measures, but operations remain normal [8] - Xingchen Technology completed the acquisition of a 53.3087% stake in Shanghai Furui Kun Microelectronics [9] - Yiyi Co. announced a stock suspension while planning to issue shares and raise funds for asset acquisition [10] - Yingtai Group's subsidiary received antitrust approval for the acquisition of Huatuo Pharmaceutical for 369 million yuan [11] Major Contracts - Dash Intelligent won a 96 million yuan smart transportation project as the lead partner in a consortium [23]

Economic Data Summary - In September, the GDP growth rate slowed to 4.8%, marking the lowest point in a year, while the cumulative GDP growth for the first three quarters reached 5.2% [3] - The industrial added value significantly exceeded expectations, growing by 6.5% year-on-year in September, supported by an increase in working days and strong export performance [4] - Fixed asset investment turned negative at -0.5% year-on-year for the first nine months, the first negative growth since mid-2020, with real estate investment in September dropping by 21.2%, a historical low [4] - Retail sales growth further slowed to 3.0%, the lowest since December last year, influenced by the timing of the Mid-Autumn Festival and a decrease in consumer spending [4] - Urban residents' disposable income grew by 4.5%, while spending increased by only 3.9%, indicating a savings rate of 38.3%, consistent with the past two years but higher than pre-pandemic levels [4] Market Trends - On October 20, A-shares saw collective gains, with the Shanghai Composite Index rising by 0.63%, Shenzhen Component by 0.98%, and ChiNext by 1.98% [8] - The coal and gas sectors experienced significant gains due to cold weather impacts, with coal prices rising, and expectations of supply tightening due to safety inspections [8] - The cultivated diamond sector saw a surge, with stocks like Huifeng Diamond hitting the daily limit [8] Company Performance - Keda Xunfei reported a net profit of 172 million yuan for Q3, a year-on-year increase of 202.40% [12] - Alloy Investment's Q3 net profit surged to 2.68 million yuan, up 4985.25% year-on-year [12] - China Shipbuilding's net profit for the first three quarters is expected to be between 4.08 billion and 4.68 billion yuan, reflecting a year-on-year increase of 106.93% to 137.36% [12] Industry Insights - The deep earth economy is gaining attention, focusing on the development of deep earth resources and related industries, as highlighted by the Ministry of Natural Resources [13] - Goldman Sachs noted China's strong influence over rare earths, suggesting that the country is unlikely to abandon proposed controls, which could lead to various market responses [7] Stock Market Dynamics - The net inflow of main funds reached 37.95 billion yuan, with the electronics sector seeing the largest inflow [17] - The top five sectors for net inflow included electronics, communication, machinery, power equipment, and coal [17] - Northbound trading totaled 234.73 billion yuan, with significant transactions in banks and rare earths [20]

Core Viewpoint - Wanrun Technology (002654.SZ) has announced that recent rumors regarding "online roadshows and large orders" are false, as the company has not conducted any investor relations activities or accepted any form of research recently [1] Summary by Categories - **Company Activities** - The company confirmed that it has not engaged in any investor relations activities or received any form of research inquiries recently [1] - **Market Impact** - There have been no reports in public media that could have significantly impacted the company's stock trading price due to undisclosed major information [1]

Core Viewpoint - The company, Wanrun Technology (002654.SZ), has experienced abnormal stock price fluctuations, with a cumulative increase of over 20% in closing prices over three trading days. The company has clarified that recent rumors regarding an online roadshow and large orders are false [1] Group 1 - The company's stock price increased significantly, with a cumulative rise exceeding 20% over three trading days (October 16, 17, and 20, 2025) [1] - The company has identified that there are rumors circulating in the market about an online roadshow and obtaining large orders, which have been confirmed as untrue [1] - The company has not conducted any investor relations activities or accepted any form of research related to the aforementioned rumors [1]