Group 1 - The core point of the news is that MagmiTech's stock price has dropped by 5.02%, currently trading at 78.85 CNY per share, with a total market capitalization of 43.376 billion CNY [1] - MagmiTech, established on July 29, 2003, and listed on March 6, 2017, specializes in the research, production, and sales of smart home appliance control products, industrial power supplies, and industrial automation products [1] - The revenue composition of MagmiTech includes: smart home appliance control products (45.92%), power supply products (24.77%), new energy and rail transit components (10.87%), industrial automation (8.32%), smart equipment (5.09%), precision connections (4.37%), and others (0.66%) [1] Group 2 - From the perspective of fund holdings, one fund under Jiashi Fund has a significant position in MagmiTech, with Jiashi CSI All-Share Home Appliance Index Fund A (018564) reducing its holdings by 1,400 shares, now holding 9,500 shares, which accounts for 3.87% of the fund's net value [2] - The Jiashi CSI All-Share Home Appliance Index Fund A was established on June 1, 2023, with a latest scale of 14.944 million CNY, and has achieved a year-to-date return of 12.9% [2] - The fund manager, Liu Jiayin, has been in position for 9 years and 236 days, with the fund's total asset scale at 225.744 billion CNY, achieving a best return of 171.89% and a worst return of -31.37% during the tenure [3]

Group 1 - The core point of the news is that Magmi Tech's stock price has dropped by 5.02%, currently trading at 78.85 CNY per share, with a total market capitalization of 43.376 billion CNY [1] - Magmi Tech, established on July 29, 2003, and listed on March 6, 2017, specializes in the research, production, and sales of smart home appliance control products, industrial power supplies, and industrial automation products [1] - The revenue composition of Magmi Tech includes: smart home appliance control products (45.92%), power supply products (24.77%), new energy and rail transit components (10.87%), industrial automation (8.32%), smart equipment (5.09%), precision connections (4.37%), and others (0.66%) [1] Group 2 - Dongwu Fund has one fund heavily invested in Magmi Tech, specifically the Dongwu Anxiang Quantitative Mixed A fund, which holds 28,200 shares, accounting for 5.51% of the fund's net value [2] - The Dongwu Anxiang Quantitative Mixed A fund has a total scale of 21.384 million CNY and has achieved a return of 41.92% this year, ranking 1606 out of 8147 in its category [2] - The fund manager, Tan Jing, has been in position for 1 year and 145 days, with the fund's total assets amounting to 1.217 billion CNY [3]

Core Viewpoint - The stock of Magmeter has experienced fluctuations, with a recent decline of 2.22% and a year-to-date increase of 32.19%, indicating volatility in its market performance [1][2]. Company Overview - Magmeter Electric Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on July 29, 2003, with its IPO on March 6, 2017 [2]. - The company specializes in the research, production, and sales of smart home appliance control products, industrial power supplies, and industrial automation products [2]. - The revenue composition includes: smart home appliance control products (45.92%), power supply products (24.77%), new energy and rail transit components (10.87%), industrial automation (8.32%), smart equipment (5.09%), precision connections (4.37%), and others (0.66%) [2]. Financial Performance - For the period from January to September 2025, Magmeter achieved a revenue of 6.791 billion yuan, representing a year-on-year growth of 15.05%, while the net profit attributable to shareholders decreased by 48.29% to 213 million yuan [2]. - The company has distributed a total of 468 million yuan in dividends since its A-share listing, with 161 million yuan distributed over the past three years [3]. Shareholder Information - As of October 31, 2025, the number of shareholders of Magmeter was 84,000, an increase of 1.20% from the previous period, with an average of 5,450 circulating shares per person, a decrease of 1.18% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 7.2803 million shares, which decreased by 7.112 million shares compared to the previous period [3].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company has a diversified product capability that spans both external and internal multi-level voltage conversion power modules and systems, with a focus on opportunities in onboard power and liquid cooling. It is gradually expanding towards becoming a comprehensive power supply solution provider for AI data centers. The AI power business is expected to become a new growth point for the company, driven by NVIDIA's push in the AIDC industry [2][6]. - In the first three quarters of 2025, the company achieved revenue of 6.791 billion yuan, a year-on-year increase of 15.05%, while the net profit attributable to the parent company was 213 million yuan, a year-on-year decrease of 48.29%. In Q3 2025, revenue was 2.118 billion yuan, up 11.93% year-on-year, but net profit dropped 59.58% year-on-year to 39 million yuan [6][8]. Summary by Sections Financial Performance - The company reported a total revenue of 6.791 billion yuan for the first three quarters of 2025, reflecting a 15.05% increase year-on-year. However, the net profit attributable to the parent company fell to 213 million yuan, down 48.29% year-on-year. In Q3 2025, revenue was 2.118 billion yuan, an 11.93% increase year-on-year, while net profit decreased by 59.58% to 39 million yuan [6][8]. Business Development - The company is making steady progress in its AI business, with most projects advancing smoothly. It has participated in several global industry exhibitions recently and launched a series of products such as Power Shelf, BBU Shelf, and Power Capacitor Shelf, which align with next-generation technology platforms. The company is focusing on opportunities in onboard power and liquid cooling, aiming to become a comprehensive power supply solution provider for AI data centers [2][6]. Market Position - The company has successfully established a foothold in overseas markets by offering competitive pricing, faster response times, and superior service. Its global "R&D + manufacturing + sales" network is becoming increasingly robust, leading to a growing proportion of overseas sales revenue [6]. Future Outlook - The company views the AI industry as a critical growth area for the next decade and is investing heavily in various aspects such as technology research, platform development, product R&D, testing, certification, supply chain optimization, and market expansion. It aims to leverage its technological advantages and quality customer resources to drive growth in the AI power sector [6][8].

Core Points - The other power equipment sector experienced a decline of 1.14% on November 11, with HaiLu Heavy Industry leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Sector Performance - HaiBo SiChuang (688411) saw a significant increase of 13.00%, closing at 299.65 with a trading volume of 72,500 shares and a transaction value of 2.176 billion [1] - ST YiShiTe (300376) rose by 7.81%, closing at 5.80 with a trading volume of 616,000 shares and a transaction value of 351 million [1] - Yingjie Electric (300820) increased by 4.51%, closing at 56.98 with a trading volume of 90,500 shares and a transaction value of 512 million [1] - Other notable performers included Rongfa Nuclear Power (002366) with a 3.91% increase and a closing price of 8.50, and AiKe SaiBo (688719) with a 2.63% increase [1] Decliners - HaiLu Heavy Industry (002255) led the decline with a drop of 7.13%, closing at 13.80 with a trading volume of 2,599,100 shares and a transaction value of 3.624 billion [2] - OuLu Tong (300870) fell by 6.08%, closing at 191.38 with a trading volume of 47,300 shares [2] - Dongfang Electric (600875) decreased by 3.71%, closing at 23.37 with a trading volume of 1,084,100 shares [2] Capital Flow - The other power equipment sector saw a net outflow of 1.045 billion from main funds, while retail investors contributed a net inflow of 791 million [2]

格隆汇11月10日｜华安证券研报指出，麦格米特2025年前三季度实现归母净利润2.13亿元，同 比-48.29%，2025Q3实现归母净利润0.39亿元。战略性费用投入加大，电源产品未来可期。公司坚定执 行平台化战略，为抢占AI服务器电源、汽车电子、光储充等高景气赛道机遇，持续加大研发和管理投 入，2025Q3单季度研发费用和管理费用分别为2.70亿元和0.82亿元，同比分别增加7.95%和37.21%。公 司已与英伟达形成合作伙伴关系，在服务器电源领域成为其指定的数据中心部件提供商之一。公司目前 在服务器电源领域已推出高功率服务器电源架（PowerShelf）、服务器备用电源架（BBUShelf）、超级 电容组架（PowerCapacitorShelf）、高压直流输电系统（800V/570kWSideRack）等产品，可广泛应用于 IDC机房、户外基站。电源业务有望成为公司新的业务增长贡献来源。维持"买入"评级。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has increased strategic investments in R&D and management to capture opportunities in high-growth sectors such as AI server power supplies, automotive electronics, and solar storage [6] - The company has established a partnership with NVIDIA, becoming a designated supplier for data center components in the server power supply sector [6] - The company's revenue for the first three quarters of 2025 reached 6.791 billion yuan, a year-on-year increase of 15.05%, while the net profit attributable to shareholders decreased by 48.29% to 213 million yuan [5] Financial Performance - For Q3 2025, the company achieved revenue of 2.118 billion yuan, a year-on-year increase of 11.93%, but the net profit attributable to shareholders fell by 59.58% to 39 million yuan [5] - The gross margin for the first three quarters of 2025 was 21.83%, down 3.83 percentage points year-on-year, while Q3 2025 gross margin was 21.31%, down 3.97 percentage points year-on-year [5] Future Profit Forecast - The company is expected to achieve net profits of 333 million yuan, 700 million yuan, and 887 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 142, 68, and 53 [7]

Core Insights - The article highlights the presence of Shenzhen Stock Connect seats in 50 stocks on the weekly leaderboard, with a net buying trend observed in 32 of these stocks, indicating strong investor interest [1] Group 1: Net Buying Stocks - The top three stocks with the highest net buying amounts are Dongshan Precision (44,304.19 thousand), Magpow (26,381.67 thousand), and Haima Automobile (25,748.19 thousand) [1] - The average increase for stocks with net buying from Shenzhen Stock Connect is 17.60%, outperforming the Shanghai Composite Index, which rose by 1.08% [1] - The stock with the largest weekly increase is Haili Heavy Industry, which saw a price rise of 61.03% [1] Group 2: Net Selling Stocks - A total of 18 stocks experienced net selling, with the highest net selling amounts recorded for Kaimeite Gas (14,505.25 thousand) and Zhongtung High-tech (12,281.06 thousand) [2] - The net selling trend indicates a potential shift in investor sentiment towards these stocks, as they recorded declines in their respective prices [2]

证券之星消息，11月7日其他电源设备板块较上一交易日下跌0.87%，海博思创领跌。当日上证指数报收 于3997.56，下跌0.25%。深证成指报收于13404.06，下跌0.36%。其他电源设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002255 | ■體題 | 14.38 | 10.02% | 163.33万 | | 23.07亿 | | 002518 | 科士达 | 53.60 | 9.99% | 29.22万 | | 15.13亿 | | 002851 | 麦格米特 | 86.12 | 2.33% | 46.82万 | | 40.06 Z | | 688719 | 爱科赛博 | 39.87 | 1.01% | 1.82万 | | 7179.01万 | | 002227 | 奥特迅 | 13.69 | 0.51% | 5.96万 | | 8141.26万 | | 688551 | 科威尔 | 40.71 | 0.39% | 1.81万 | | 7 ...

Core Points - The Shanghai Composite Index rose by 0.97%, the Shenzhen Component Index increased by 1.73%, and the ChiNext Index gained 1.84% on November 6 [1] - Demingli (001309.SZ) saw the highest net inflow of funds at 568 million yuan, accounting for 16.8% of its total trading volume, and closed up 10% with a turnover rate of 8.59% [1][3] - Xue Ren Group (002639.SZ) experienced the largest net outflow of funds, totaling 220 million yuan, which represented 4.27% of its total trading volume, and closed down 2.41% with a turnover rate of 57.23% [1][4] Institutional Activity - On November 6, 28 stocks appeared on the trading leaderboard with institutional involvement, where institutions net sold 105 million yuan in total, buying 9 stocks and selling 19 [4][5] - Haike New Source (301292.SZ) had the highest net purchase by institutions, with a net inflow of 175.83 million yuan and a closing increase of 16.23% [5][6] Northbound Capital - Northbound capital participated in 20 stocks on the leaderboard, with a total net inflow of 1.687 billion yuan, including a net purchase of 525 million yuan from the Shanghai Stock Connect and 1.162 billion yuan from the Shenzhen Stock Connect [9][10] - The stock with the highest net purchase from northbound capital was Yuanjie Technology (688498.SH), with a net inflow of 446 million yuan, while the largest net outflow was from Yue Media (002181.SZ), totaling 39.38 million yuan [10][12] Divergence in Institutional and Northbound Capital - There were discrepancies between institutional and northbound capital activities in several stocks, including Dongshan Precision, Demingli, and Haima Automobile, where institutions sold while northbound capital bought [12][13]