Core Viewpoint - Nanjing Xingsheng Co., Ltd. announced a share reduction by its major shareholder, Nanjing Investment, and its concerted party, resulting in a decrease in their total shareholding [1] Group 1: Share Reduction Details - On January 7, 2026, Nanjing Investment reduced its holdings by 2,954,000 shares, which accounts for 1% of the company's total share capital [1] - The shareholding change by Nanjing Investment and its concerted parties reached an integer multiple of 1% [1] - The share reduction plan by He Jianwei has been completed [1]

Group 1 - The company Nanjing Holdings (002757) announced that its controlling shareholder, Dongguan Nanjing Industrial Investment Co., Ltd., along with its concerted actor, Zhan Renning, will reduce their holdings by 2.954 million shares, accounting for 1% of the company's total share capital on January 7, 2026 [1] - Additionally, the company's deputy general manager, He Jianwei, reduced his holdings by 33,000 shares, representing 0.01% of the total share capital on the same date [1]

证券代码：002757 证券简称：南兴股份 公告编号：2026-003 号 南兴装备股份有限公司 关于公司控股股东及其一致行动人减持股份触及 1%整数倍及 高级管理人员股份减持计划实施完成的公告 公司控股股东东莞市南兴实业投资有限公司及其一致行动人詹任宁先生、公 司副总经理何健伟先生保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 南兴装备股份有限公司（以下简称"公司"）于 2025 年 9 月 24 日在《证券 时报》《中国证券报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）披露 了《关于公司控股股东、高级管理人员减持计划的预披露公告》（公告编号： 2025-039），公司控股股东东莞市南兴实业投资有限公司（以下简称"南兴投资"） 及公司副总经理何健伟先生拟实施股份减持计划，具体内容详见上述公告。 公司于 2026 年 1 月 7 日分别收到南兴投资及其一致行动人詹任宁先生出具 的《关于股份减持的告知函》及何健伟先生出具的《关于股份减持计划实施完成 的告知函》，获悉南兴投资于 2026 ...

Group 1 - Nanjing Xingsheng Co., Ltd. experienced a decline of 8.28% today, with a turnover rate of 38.98% and a trading volume of 2.51 billion yuan, showing a fluctuation of 13.84% [2] - Institutional investors net bought 86.14 million yuan, while the Shenzhen Stock Connect saw a net purchase of 23.56 million yuan, and the total net selling by brokerage seats amounted to 110 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to a turnover rate of 38.68% and a daily decline deviation of -8.38% [2] Group 2 - The top five brokerage seats accounted for a total transaction of 386 million yuan, with a buying amount of 192 million yuan and a selling amount of 193 million yuan, resulting in a net selling of 692,900 yuan [2] - Among the brokerage seats, two institutional specialized seats were present, with a total buying amount of 86.72 million yuan and a selling amount of 578,700 yuan, leading to a net purchase of 86.14 million yuan [2] - The main capital outflow for the stock today was 279 million yuan, with a large single net outflow of 223 million yuan and a net outflow of 56.01 million yuan from large orders; however, over the past five days, the main capital saw a net inflow of 147 million yuan [2]

Core Viewpoint - Nanshing Co., Ltd. has experienced a significant decline in profitability and shareholder confidence, yet its stock has seen consecutive trading limits, raising questions about the underlying reasons for this market behavior [1]. Group 1: Financial Performance - The company's revenue from 2021 to 2024 was 2.777 billion, 2.96 billion, 3.629 billion, and 3.332 billion yuan, indicating a downward trend starting in 2023 [4]. - The gross profit margin has consistently decreased from 23.48% in 2021 to 18.99% in 2024, with a further drop to 16.3% in the first half of 2025 [6]. - Nanshing's net profit attributable to shareholders was 291 million, 290 million, 173 million, and -175 million yuan from 2021 to 2024, showing a continuous decline in profitability [11]. - The company reported a net profit forecast for 2025 between 90 million and 120 million yuan, a significant improvement from a loss of 175 million yuan in the previous year [10]. Group 2: IDC Business and Market Position - Nanshing Co. aims to enhance its performance through its IDC and cloud computing services, which have grown to account for 53.96% of its revenue by the first half of 2025, up from 0.52% in 2020 [14]. - Despite the increase in revenue share, the IDC business has a low gross profit margin of around 10%, which is significantly below the industry average of 30%-35% for major players [14]. - The company has faced challenges in integrating its acquired IDC subsidiary, leading to substantial asset impairment losses, which reached 385 million yuan in 2024 [7]. Group 3: Shareholder Dynamics - The proportion of shares held by the top ten shareholders decreased from 46.33% to 41.64% in 2025, indicating a significant exit of institutional investors [19]. - The company's stock price has been under pressure, with a notable reduction in shareholding by key stakeholders, including a recent sale by the vice president [20].

Core Viewpoint - Nanshing Co., Ltd. has experienced a significant decline in profitability, with its core subsidiary facing substantial impairment losses and institutional shareholders withdrawing, yet the company has recently seen a series of stock price increases despite a generally rising market in 2025 [1] Financial Performance - The company's revenue from 2021 to 2024 was 2.777 billion, 2.96 billion, 3.629 billion, and 3.332 billion respectively, indicating a decline post-2023 [3] - Gross margin has consistently decreased from 23.48% in 2021 to 18.99% in 2024, further dropping to 16.3% in the first half of 2025 [4] - Net profit attributable to shareholders from 2021 to 2024 was 291 million, 290 million, 173 million, and -175 million respectively, showing a continuous decline in profitability [6] Impairment and Subsidiary Performance - The company has faced significant asset impairment losses, with 385 million in 2024 attributed to the underperformance of its IDC subsidiary, Guangdong Unique Network Technology Co., Ltd. [5] - Despite a forecasted net profit of 90 million to 120 million for 2025, a substantial decline of 55.69% in net profit for the first three quarters of 2025 compared to the previous year indicates ongoing challenges [7] IDC Business Outlook - Nanshing Co., Ltd. aims to enhance performance through its IDC and cloud computing services, which have grown to account for 53.96% of total revenue by the first half of 2025, up from 0.52% in 2020 [8] - However, the IDC business has a low gross margin of around 10%, significantly below the industry average of 30%-35% for major operators [8] - The company faces intense competition from larger firms, which have established scale advantages and higher margins, leading to a challenging environment for smaller players like Nanshing [9] Shareholder Sentiment - The proportion of shares held by the top ten shareholders decreased from 46.33% to 41.64% in 2025, indicating a withdrawal of institutional investors amid concerns over the company's performance [9] - Recent insider selling, including the vice president's sale of shares, has further fueled investor skepticism regarding the company's future prospects [10]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002757 证券简称：南兴股份 公告编号：2026-002号 南兴装备股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间 2025年1月1日至2025年12月31日。 ■ 注：本公告中的"万元"均指人民币万元。 二、与会计师事务所沟通情况 本次业绩预告的相关财务数据未经注册会计师预审计。公司已就本次业绩预告有关事项与会计师事务所 进行了预沟通，公司与会计师事务所在业绩预告方面不存在重大分歧。 三、业绩变动原因说明 报告期内，公司净利润大幅增长的主要原因是2024年度计提商誉减值36,358.76万元，导致2024年度净利 润大幅减少。而本年度IDC业务的业绩有所增长，根据初步商誉减值测试的结果，商誉减值对本报告期 利润影响较少，因此2025年度净利润比去年同期会有大幅度增长。 四、风险提示 2、业绩预告情况 预计净利润为正值且属于下列情形之一： (扭亏为盈 □同向上升 □同向下降 二〇二六年一月六日 公司目前不存在可能影响本次业 ...

Market Overview - The Shanghai Composite Index experienced a rare 13 consecutive days of gains, breaking the previous high from November 14, 2025, and reaching a new high since July 2015, closing up by 1.50% [1] - The market saw over 4,100 stocks in the green, with significant contributions from financial sectors such as brokerage, insurance, and internet finance [1] Seasonal Trends - According to Zheshang Securities, the first quarter typically sees a "spring rally," where small and mid-cap growth indices perform best, setting the stage for February's market performance [1] Key Sectors Financial Sector - Major financial stocks like Dazhihui and Hualin Securities hit the daily limit, while China Ping An reached a new five-year high [1] Brain-Computer Interface - The brain-computer interface sector saw a surge, with nearly 20 stocks hitting the daily limit, driven by breakthroughs in clinical trials for a new fully implanted device [3] - The industry is expected to enter a critical phase of large-scale application, supported by policy backing and ongoing technological advancements [3] Non-Ferrous Metals - The non-ferrous metals sector strengthened, with companies like Luoyang Molybdenum and Zijin Mining reaching historical highs, influenced by rising global metal prices [4] - The London Metal Exchange reported significant price increases for tin and copper, indicating strong demand and supply dynamics [4] Solid-State Batteries - The solid-state battery sector experienced a rally, with several stocks hitting the daily limit, following the announcement of a commercially viable solid-state battery by Donut Lab [5] - The sector is expected to progress towards industrialization, supported by policy focus and active participation from industry players [5] Semiconductor Sector - The semiconductor sector remained active, with storage chips and semiconductor equipment leading the gains, as companies like Beifang Huachuang reached historical highs [6] - Price increases for DRAM chips were reported, with significant hikes expected in Q1 2026 [7] Institutional Insights - Guotai Junan Securities highlighted the internal trend of a "transformation bull market" in China, driven by economic shifts and capital market reforms [8] - Debon Securities expressed optimism for a slow bull market following the New Year, with expectations for continued upward movement in the A-share market [8] - Dongfang Securities noted that the market's upward trend is supported by strong investor confidence and the commercialization of new industries like brain-computer interfaces and AI [9]

（文章来源：证券时报网） 1月6日公司发布2025年业绩预告，预计实现净利润9000.00万元至1.20亿元，同比变动区间为 151.39%~168.51%。（数据宝） 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2026.01.05 | 10.02 | 20.57 | -7068.31 | | 2025.12.31 | 10.00 | 17.40 | 30984.98 | | 2025.12.30 | 10.01 | 8.28 | 15688.36 | | 2025.12.29 | 0.50 | 1.10 | 134.99 | | 2025.12.26 | -0.44 | 1.16 | -449.76 | | 2025.12.25 | 1.45 | 1.18 | 91.22 | | 2025.12.24 | 1.41 | 1.05 | 30.16 | | 2025.12.23 | -1.20 | 0.86 | -116.78 | | 2025.12.22 | -0.19 | 0.91 | 135.23 ...

Core Viewpoint - Naxing Co., Ltd. expects to turn a profit in 2025, projecting a net profit attributable to shareholders of between 90 million and 120 million yuan, compared to a loss of 175.15 million yuan in the same period last year [2][4]. Financial Performance - The company anticipates a net profit of 90 million to 120 million yuan for 2025, while the previous year showed a loss of 175.15 million yuan [4]. - The net profit after deducting non-recurring gains and losses is expected to be between 75 million and 105 million yuan, compared to a loss of 186.20 million yuan last year [4]. - Basic earnings per share are projected to be between 0.3046 yuan and 0.4062 yuan, compared to a loss of 0.5928 yuan per share in the previous year [4]. Business Segments - Naxing Co., Ltd. operates in two main business segments: traditional furniture intelligent equipment and IDC/cloud computing, which was entered through the acquisition of Unique Network in 2018 [5]. - The IDC business has become the largest revenue contributor, accounting for 54.51% of total revenue as of June 30, 2025, with revenue of 877 million yuan [5]. Goodwill and Impairment - The company recorded a goodwill impairment of 364 million yuan in 2024, which significantly impacted the net profit for that year [4]. - As of the end of 2024, the total accumulated goodwill impairment was 498 million yuan, with approximately 120 million yuan remaining unimpairment [5][7]. Market Performance - Naxing Co., Ltd. has seen its stock price surge, achieving three consecutive trading days of limit-up, with the latest stock price at 21.42 yuan per share and a total market capitalization of 6.329 billion yuan [8]. - The company is gaining attention in the market due to its involvement in AI technology applications and its integration of intelligent algorithms in smart manufacturing [6][8].