Core Viewpoint - The stock of Maoshuo Power has shown volatility, with a recent increase in price despite a year-to-date decline, indicating potential investor interest and market dynamics [1][2]. Company Overview - Maoshuo Power, established on March 27, 2006, and listed on March 16, 2012, is located in Shenzhen, Guangdong Province. The company specializes in LED lighting driver power supplies and consumer electronic power supplies [2]. - The main revenue composition includes: SPS switching power supply (50.82%), LED driver power supply (44.91%), photovoltaic power generation (2.57%), other (1.20%), and energy storage business (0.50%) [2]. Financial Performance - For the period from January to September 2025, Maoshuo Power achieved operating revenue of 945 million yuan, representing a year-on-year growth of 2.95%. However, the net profit attributable to shareholders was -57.92 million yuan, a decrease of 252.32% year-on-year [3]. - The company has distributed a total of 147 million yuan in dividends since its A-share listing, with 107 million yuan distributed over the past three years [4]. Shareholder Information - As of October 20, 2025, the number of shareholders for Maoshuo Power is 30,000, with an average of 11,432 circulating shares per person [3]. - As of September 30, 2025, among the top ten circulating shareholders, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund (004685) is the fifth largest shareholder, holding 1.2634 million shares as a new shareholder [4]. Market Activity - The stock price of Maoshuo Power increased by 2.00% on October 27, reaching 9.68 yuan per share, with a trading volume of 37.4475 million yuan and a turnover rate of 1.15%. The total market capitalization is 3.452 billion yuan [1]. - Year-to-date, the stock has declined by 5.28%, with a recent five-day increase of 5.22%, a 20-day decline of 3.68%, and a 60-day increase of 2.43% [2].

证券日报网讯茂硕电源（002660）10月22日在互动平台回答投资者提问时表示，截至2025年10月20日， 公司股东人数为3万多户。 ...

Core Viewpoint - The company emphasizes the importance of operational quality while actively exploring new business opportunities alongside cost reduction and efficiency improvement [1] Group 1 - The management team of the company is highly focused on enhancing operational quality [1] - The company plans to continue focusing on core business performance recovery and the establishment of new growth points [1]

Core Viewpoint - As of October 10, 2025, the number of shareholders for Maoshuo Power (002660) is reported to exceed 30,000 [1] Summary by Categories - **Company Information** - Maoshuo Power has over 30,000 shareholders as of the specified date [1]

Summary of Key Points Core Viewpoint - A total of 522 stocks reported their latest shareholder numbers as of October 10, with 235 stocks showing a decline in shareholder count compared to the previous period, indicating a trend of decreasing investor interest in certain companies [1][4]. Group 1: Shareholder Count Changes - The stock with the largest decline in shareholder count is Maoshuo Power, which saw a decrease of 19.82% to 30,000 shareholders, alongside a cumulative drop of 12.73% in its stock price since the concentration of shares began [4][5]. - ST Meichen reported a decrease of 18.26% in shareholder count to 58,149, with a cumulative decline of 3.10% in stock price during the same period [4][5]. - Six stocks experienced a decline of over 10% in shareholder count, including Hengshuai Co. and Donghua Technology, with respective declines of 11.32% and 10.83% [4][5]. Group 2: Performance of Concentrated Stocks - Among the concentrated stocks, 27% outperformed the Shanghai Composite Index, despite an average decline of 2.93% since September 21, while the index itself rose by 0.51% [2]. - The top performers since the concentration began include Jingquanhua, which increased by 55.48%, and Haima Automobile, which rose by 17.35% [3][4]. Group 3: Industry Insights - The concentrated stocks are primarily found in the machinery, electronics, and basic chemical industries, with 33, 27, and 20 stocks respectively [4]. - The latest performance data indicates that the average decline for concentrated stocks since October 1 is 3.50%, with notable gains in specific sectors [4].

Market Overview - The consumer electronics sector experienced a decline of 5.18% on October 17, with Deep Technology 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] Stock Performance - Notable gainers in the consumer electronics sector included: - Heertai (002402) with a closing price of 50.46, up 2.04% [1] - Darui Electronics (300976) at 66.20, up 1.96% [1] - Yabo Xuan (920357) at 26.15, up 0.73% [1] - Significant decliners included: - Deep Technology (000021) at 27.40, down 9.99% [2] - Yunzhu Technology (688260) at 29.89, down 7.20% [2] - Maoshuo Power (002660) at 9.12, down 7.13% [2] Capital Flow - The consumer electronics sector saw a net outflow of 7.33 billion yuan from institutional investors, while retail investors contributed a net inflow of 5.48 billion yuan [2][3] - The capital flow for specific stocks showed: - Lianchuang Optoelectronics (600363) had a net inflow of 74.23 million yuan from institutional investors [3] - Heertai (002402) experienced a net outflow of 77.46 million yuan from retail investors [3]

Core Insights - A total of 13 companies released their Q3 2025 financial reports on October 17, with 10 companies reporting year-on-year profit growth and 11 companies showing revenue growth [1] Company Performance Summary - **仕佳光子**: Reported earnings per share of 0.6631, net profit of 29,971.78 million, a year-on-year increase of 727.74%, and revenue of 156,043.74 million, up 113.96% [1] - **华东数控**: Earnings per share of 0.0800, net profit of 2,312.18 million, a year-on-year increase of 151.78%, but revenue decreased by 3.21% to 24,883.19 million [1] - ***ST聆达**: Reported a loss with earnings per share of -0.4780, net loss of 12,791.70 million, but revenue increased by 83.47% to 8,909.23 million [1] - **藏格矿业**: Earnings per share of 1.7566, net profit of 275,080.14 million, a year-on-year increase of 47.26%, and revenue of 240,144.68 million, up 3.35% [1] - **春风动力**: Earnings per share of 9.2900, net profit of 141,536.95 million, a year-on-year increase of 30.89%, and revenue of 1,489,633.24 million, up 30.10% [1] - **福耀玻璃**: Earnings per share of 2.7100, net profit of 706,385.42 million, a year-on-year increase of 28.93%, and revenue of 3,330,190.79 million, up 17.62% [1] - **民士达**: Earnings per share of 0.6200, net profit of 9,117.17 million, a year-on-year increase of 28.88%, and revenue of 34,335.35 million, up 21.77% [1] - **天安新材**: Earnings per share of 0.3240, net profit of 9,753.97 million, a year-on-year increase of 21.47%, and revenue of 227,340.62 million, up 3.47% [1] - **国邦医药**: Earnings per share of 1.2100, net profit of 67,024.26 million, a year-on-year increase of 15.78%, and revenue of 446,988.44 million, up 1.17% [1] - **佛燃能源**: Earnings per share of 0.3200, net profit of 49,030.67 million, a year-on-year increase of 6.07%, and revenue of 2,350,147.41 million, up 5.38% [1] - **康华生物**: Earnings per share of 1.4553, net profit of 18,911.07 million, a year-on-year decrease of 53.41%, and revenue decreased by 20.78% to 84,006.26 million [1] - **茂硕电源**: Reported a loss with earnings per share of -0.1624, net loss of 5,792.09 million, and revenue increased by 2.95% to 94,519.57 million [1] - **博世科**: Reported a loss with earnings per share of -0.4000, net loss of 21,224.60 million, but revenue increased by 27.10% to 151,235.47 million [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, with no false records or misleading statements [2][9][18] - The third-quarter financial report has not been audited [3][6] - The company plans to apply for a total credit limit of RMB 55 million from various banks to support its operations and subsidiaries [20][21][30] Financial Data - The company intends to provision for credit impairment and asset impairment totaling RMB 29.1461 million for the period from January to September 2025, which will reduce the net profit by RMB 24.4418 million [31][32] - The company has not reported any non-recurring gains or losses in its financial statements [3][4] Shareholder Information - The company will hold its third extraordinary general meeting on November 3, 2025, to discuss various proposals, including the credit application and guarantees [40][41][47] - The meeting will be conducted both in-person and via online voting [42][44] Board and Supervisory Committee Meetings - The board and supervisory committee have both approved the third-quarter report and the credit application proposals, confirming compliance with legal and regulatory requirements [9][18][19]

Group 1 - The core point of the article is that Maoshuo Power (002660) reported a significant decline in both revenue and net profit for the third quarter of 2025 [1] Group 2 - In the third quarter of 2025, the company achieved an operating income of 293 million yuan, representing a year-on-year decrease of 9.88% [1] - The net profit for the same period was -35.39 million yuan, showing a year-on-year decline of 811.46% [1]

Core Viewpoint - Maoshuo Power announced that as of the disclosure date, the company and its subsidiaries have a total external guarantee balance of 0 yuan, with no overdue external guarantee matters [2] Summary by Category - **Financial Status** - The external guarantee balance is reported as 0 yuan, indicating a strong financial position without liabilities related to guarantees [2] - There are no overdue external guarantee matters, reflecting effective risk management practices [2]