Core Viewpoint - Estun's stock experienced a decline of 1.22% on November 20, with a trading volume of 203 million yuan, indicating a low financing balance and a decrease in shareholder numbers [1][2]. Financing and Margin Trading - On November 20, Estun had a financing buy-in of 17.39 million yuan and a financing repayment of 15.70 million yuan, resulting in a net financing buy of 1.69 million yuan. The total financing and margin trading balance reached 662 million yuan [1]. - The current financing balance of 658 million yuan accounts for 3.47% of the circulating market value, which is below the 20th percentile level over the past year, indicating a low financing level [1]. - In terms of securities lending, Estun repaid 13,400 shares and sold 2,800 shares on November 20, with a selling amount of 61,200 yuan. The remaining securities lending volume is 150,200 shares, with a balance of 3.28 million yuan, also below the 50th percentile level over the past year [1]. Financial Performance - For the period from January to September 2025, Estun achieved an operating income of 3.804 billion yuan, representing a year-on-year growth of 12.97%. The net profit attributable to shareholders reached 29.0039 million yuan, showing a significant increase of 143.48% [2]. Shareholder Structure - As of September 30, 2025, Estun had 114,300 shareholders, a decrease of 7.92% from the previous period. The average number of circulating shares per person increased by 8.60% to 6,846 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 25.6447 million shares, an increase of 6.4466 million shares from the previous period. Other notable shareholders include various ETFs focused on robotics, indicating growing institutional interest [3].

（文章来源：证券日报） 证券日报网讯埃斯顿11月20日在互动平台回答投资者提问时表示，公司最近一期的股东人数已在2025年 第三季度报告中披露，截至2025年9月30日公司普通股股东总数为114273户。 ...

Group 1 - China National Fisheries announced that its shareholder, China State-Owned Enterprises Mixed Ownership Reform Fund Co., Ltd., reduced its stake from 5.7076% to 5% by selling 2.5888 million shares at an average price of 10.31 yuan per share [1] - China National Fisheries, established in April 1998, focuses on deep-sea fishing, seafood processing and trade, and marine fishery services [2] Group 2 - Guilin Tourism plans to publicly select a partner for the "Living Lotus" project to build a theater and related facilities, with the partner responsible for investment, construction, and operation [2] - Guilin Tourism, founded in April 1998, operates in boat passenger transport, scenic tourism, hotels, and road passenger transport [2] Group 3 - Zhaomin Technology intends to issue convertible bonds to raise no more than 590 million yuan for new projects related to automotive components and precision engineering plastics [3] - Zhaomin Technology, established in October 2011, specializes in the R&D, production, and sales of precision injection parts and molds [3] Group 4 - Zhaomin Technology plans to establish overseas subsidiaries in Singapore and Thailand, focusing on wholesale trade and technology development in automotive precision components [4] - The registered capital for the Singapore subsidiaries is set at 1,000 USD, while the Thai subsidiary will have a capital of 500,000 THB [4] Group 5 - Yiyigou's subsidiary plans to increase capital by 8 million yuan to an associated company, with a pre-investment valuation of 42 million yuan [5] - Yiyigou, founded in April 2007, provides full-channel pharmaceutical distribution services [6] Group 6 - Yunda Express reported a 0.88% year-on-year decline in October express service revenue, totaling 4.495 billion yuan, with a business volume decrease of 5.11% [7] - Yunda Express, established in April 1996, operates in comprehensive express logistics [8] Group 7 - SAIWO Technology announced the first batch delivery of light transfer films for perovskite tandem components, marking a significant step in commercial application [8] - The current delivery is small-scale and will not significantly impact the company's revenue in 2024 [8] Group 8 - Hunan Baiyin's shareholder plans to reduce its stake by up to 1.95%, equating to a maximum of 55 million shares [9] - Hunan Baiyin, founded in November 2004, specializes in the smelting and sales of precious metals [9] Group 9 - Ningbo Construction's acquisition of Ningbo Transportation Engineering Construction Group has been approved by the Shanghai Stock Exchange [10] - Ningbo Construction, established in December 2004, focuses on construction engineering and related services [10] Group 10 - Sudar's shareholder plans to reduce its stake by up to 3%, which amounts to a maximum of 2.28 million shares [11] - Sudar, founded in July 2009, provides aftermarket services for hydraulic supports in coal mining machinery [12] Group 11 - Aeston plans to establish a joint venture with BOE Technology Group, focusing on the development and sales of drive technology products [13] - Aeston, established in February 2002, specializes in automation core components and industrial robotics [13] Group 12 - CICC is planning to absorb and merge Dongxing Securities and Xinda Securities through a stock exchange, with trading suspended for up to 25 days [14] - CICC, founded in July 1995, provides investment banking and asset management services [14] Group 13 - Dongjie Intelligent plans to purchase robots from an associated company for a total of 24.325 million yuan [15] - Dongjie Intelligent, established in December 1995, focuses on intelligent production systems and logistics [15] Group 14 - Shentong Express reported an 11.84% year-on-year increase in October express service revenue, totaling 4.95 billion yuan [16] - Shentong Express, founded in November 2001, operates in the express service industry [17] Group 15 - Zhongfu Industrial plans to invest 259 million yuan in a project to produce 3 million aluminum wheels [18] - Zhongfu Industrial, established in January 1997, specializes in aluminum processing and related industries [18] Group 16 - Maoshuo Power's director plans to reduce his stake by up to 980,300 shares, representing 0.2749% of the total shares [19] - Maoshuo Power, founded in March 2006, focuses on the R&D and production of power supplies [19] Group 17 - Wentai Technology's control over Anshi Semiconductor remains limited despite the lifting of an asset freeze order [20] - Wentai Technology, established in January 1993, specializes in mobile communication and semiconductor technology [20] Group 18 - Zhongyida's actual controller is involved in the merger of Xinda Securities by CICC, with no impact on Zhongyida's equity structure [20] - Zhongyida, founded in June 1992, produces and sells fine chemical products [20] Group 19 - Jinlongyu's subsidiary received a criminal judgment for contract fraud, with penalties imposed on both the company and an individual [20] - Jinlongyu, established in June 2005, focuses on kitchen food and oil products [20]

Group 1 - The core point of the article is that Estun plans to establish a joint venture with Suzhou BOE Sensor Technology Co., Ltd. to develop servo-related businesses [1][5] - The joint venture is proposed to be named Suzhou BOE Drive Technology Co., Ltd., focusing on general servo products, linear drive products, and precision drive control products [4] - The registered capital of the joint venture is set at 150 million yuan, with BOE Sensor contributing 90 million yuan for a 60% stake, while Estun will contribute 60 million yuan for a 40% stake [4] Group 2 - Estun aims to sign a technical licensing and service agreement with the joint venture, providing necessary technology and services for production operations, valued at 50 million yuan [4] - Suzhou BOE Sensor, established in June 2022, has reported revenues of 31.92 million yuan, 126 million yuan, and 84.03 million yuan from 2022 to 2024, with net losses of 9.12 million yuan, 39.51 million yuan, and 57.80 million yuan during the same period [4] - Estun focuses on automation core components, motion control systems, industrial robots, and intelligent manufacturing systems, aiming to leverage both companies' strengths to enhance competitiveness in the semiconductor and display sectors [5]

Core Insights - Nanjing Estun Automation Co., Ltd. plans to establish a joint venture with Suzhou BOE Sensor Technology Co., Ltd. to focus on servo system-related businesses, enhancing strategic positioning in smart manufacturing core components [1][2] - The joint venture will have a registered capital of RMB 150 million, with BOE Sensor contributing RMB 90 million (60% stake) and Estun contributing RMB 60 million (40% stake) [1] - Estun will provide core technology licensing and supporting technical services worth RMB 50 million to the joint venture, ensuring effective operation and technology implementation [1] Company Strategy - The partnership is expected to strengthen Estun's position in the servo system component segment and enhance its comprehensive solution capabilities in the smart manufacturing sector [2] - This investment aligns with Estun's long-term development strategy and is anticipated to positively impact the company's future financial status and operational results [2]

Core Viewpoint - The company plans to establish a joint venture with Suzhou BOE Sensor Technology Co., Ltd. to enhance its servo-related business and market presence in the semiconductor and display sectors [1] Investment Details - The registered capital of the joint venture will be 150 million yuan, with BOE Sensor contributing 90 million yuan for a 60% stake, while the company will invest 60 million yuan for a 40% stake [1] - The company will also enter into a technical licensing and service agreement with the joint venture, providing necessary technology and services valued at 50 million yuan [1] Strategic Objectives - The collaboration aims to integrate both parties' resources to strengthen their competitive advantage in the servo product market [1] - The joint venture is expected to expand the sales scale of servo products and explore broader market opportunities [1]

Core Viewpoint - The company plans to establish a joint venture with Suzhou BOE Sensor Technology Co., Ltd. to enhance its servo-related business and market presence in the semiconductor and display sectors [1] Investment Details - The registered capital of the joint venture is set at 150 million yuan, with BOE Sensor contributing 90 million yuan for a 60% stake, while the company contributes 60 million yuan for a 40% stake [1] - The company will also enter into a technical licensing and service agreement with the joint venture, providing necessary technology and services valued at 50 million yuan [1] Strategic Objectives - The collaboration aims to integrate both parties' resources to strengthen their competitive advantage in the servo product market [1] - The joint venture is expected to expand the sales scale of servo products and explore broader market opportunities [1]

每经AI快讯，埃斯顿（SZ 002747，收盘价：22.12元）11月19日晚间发布公告称，公司第五届第八次董 事会会议于2025年11月18日以现场结合通讯的表决方式召开。会议审议了《关于对外投资设立合资公司 及签署<技术许可与技术服务协议>暨关联交易的议案》等文件。 每经头条（nbdtoutiao）——爱泼斯坦案文件解密倒计时，美国会"秒过"法案直通特朗普，引爆两党"极 限撕扯" （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 2025年1至6月份，埃斯顿的营业收入构成为：仪器仪表制造业占比100.0%。 截至发稿，埃斯顿市值为193亿元。 ...

鉴于公司拟委派董事陈银兰女士担任合资公司的董事，合资公司将成为公司 的关联法人，根据《深圳证券交易所股票上市规则》，本次向合资公司提供技术 许可与技术服务的交易事项将构成关联交易。 股票代码：002747 股票简称：埃斯顿 公告编号：2025-072号 南京埃斯顿自动化股份有限公司 关于对外投资设立合资公司及签署技术许可协议暨关联交易的 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、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、交易概述 （一）交易基本情况 根据南京埃斯顿自动化股份有限公司（以下简称"公司"）战略发展规划， 公司拟与苏州京东方传感技术有限公司（以下简称"京东方传感"）签署《投资 合作协议》，共同投资设立合资公司，开展伺服相关业务。合资公司注册资本为 15,000 万元，其中京东方传感以现金出资 9,000 万元，占合资公司 60%股权；公 司以现金出资 6,000 万元，占合资公司 40%股权。合资公司成立后，公司拟与合 资公司签署《技术许可与技术服务协议》，向合资公司提供生产运营所需的技术 许可，并提供相应的技术服务，交易金额为 5,000 万元。 （二）关联关系 （三）审议 ...

股票代码：002747 股票简称：埃斯顿 公告编号：2025-071号 表决结果：同意 8 票，反对 0 票，弃权 0 票 本议案已经第五届董事会独立董事专门会议第八次会议、董事会审计委员会 2025 年第六次会议审议通过。 南京埃斯顿自动化股份有限公司 第五届董事会第二十次会议决议公告 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。 南京埃斯顿自动化股份有限公司（以下简称"公司"）第五届董事会第二十 次会议通知于 2025 年 11 月 15 日以电话、邮件等方式发出，会议于 2025 年 11 月 19 日在南京市江宁区吉印大道 1888 号（江宁开发区）会议室以通讯表决方 式召开。本次会议由董事长吴波先生主持，会议应出席董事 9 人，实际出席董事 9 人，本次会议的召开符合《公司法》及相关法律、法规以及《公司章程》的规 定。经审议，通过如下议案： 一、审议并通过《关于对外投资设立合资公司及签署<技术许可与技术服务 协议>暨关联交易的议案》 同意公司与苏州京东方传感技术有限公司（以下简称"京东方传感"）签署 《投资合作协议》，共同投资设立合资公司，开展伺服 ...