Core Points - The latest financing balance of the ChiNext market is 367.464 billion yuan, with a week-on-week increase of 3.028 billion yuan, indicating a positive trend in financing activities [1] - A total of 25 stocks saw their financing balances increase by over 10%, while 12 stocks experienced a decline of more than 10% [1] Financing Balance Overview - The total margin balance for ChiNext stocks reached 368.568 billion yuan, marking a continuous increase for six consecutive trading days [1] - The financing balance specifically increased to 367.464 billion yuan, with a week-on-week rise of 3.028 billion yuan [1] - The margin trading balance for short selling decreased to 1.103 billion yuan, reflecting a reduction of 7.6652 million yuan [1] Stocks with Significant Financing Balance Increase - Among the 535 stocks with increased financing balances, the stock with the highest increase is Sanwei Tiandi, which saw a financing balance of 70.6392 million yuan, up 66.35% from the previous day [3] - Other notable stocks with significant increases include Focase Technology and Shanghai Steel Union, with increases of 43.23% and 34.52%, respectively [3] Market Performance of Stocks with Increased Financing - Stocks with financing balance increases averaged a rise of 2.86% on the trading day, with top performers including Sanchuan Wisdom, Yirui Biology, and Focase Technology, which rose by 15.27%, 12.15%, and 11.54% respectively [2] - Conversely, stocks with the largest declines included Pulian Software, Houpu Co., and Hopu Co., with declines of 6.92%, 5.85%, and 3.61% respectively [2] Stocks with Significant Financing Balance Decrease - A total of 400 stocks experienced a decrease in financing balance, with 12 stocks seeing declines of over 10% [4] - The stock with the largest decrease is Tuanluozhe, with a financing balance of 18.9151 million yuan, down 94.06% [4] - Other stocks with significant declines include Laimei Pharmaceutical and Jialian Technology, with decreases of 22.96% and 21.70% respectively [4]

Core Viewpoint - On July 14, the Shanghai Composite Index rose by 0.27%, with institutional investors appearing on the trading lists of 35 stocks, net buying 19 and net selling 16 [1] Institutional Trading Summary - Institutional special seats net bought the most in Xiangyang Bearing, which closed at the daily limit with a turnover rate of 27.67% and a transaction amount of 2.076 billion yuan, net buying 110.74 million yuan [2] - San Chuan Wisdom closed up 15.27% with a turnover rate of 32.50%, net buying 75.27 million yuan, but had a net outflow of 35.2 million yuan [2] - Zhongke Magnetic Industry closed down 5.10% with a turnover rate of 45.77%, net buying 53.99 million yuan, but had a net outflow of 49.77 million yuan [2] Market Performance - The average increase of stocks with institutional net purchases was 2.36%, outperforming the Shanghai Composite Index [3] - Stocks like Changrong Co. and Xinling Electric showed strong performance, closing at the daily limit [3] - Historical data indicates a 52.06% probability of stocks with institutional net purchases rising the next day, and a 39.70% probability of rising in the following three days [3] Earnings Forecasts - Among the stocks with institutional net purchases, four have released half-year earnings forecasts, with Yuhua Development expected to have a net profit of 200 million yuan, a year-on-year increase of 708% [3] Net Selling Summary - The stock with the highest net selling by institutions was Siyuan Electric, with a net selling amount of 162.84 million yuan, while also seeing a net inflow of 98.77 million yuan [3] - Dazhihui was noted for a net selling of 120.24 million yuan, with a significant net outflow of 433 million yuan [4] Deep and Shanghai Stock Connect - On July 14, 15 stocks on the trading list had appearances from the Deep and Shanghai Stock Connect, with Siyuan Electric and Zhongke Jincai seeing net purchases of 139 million yuan and 113 million yuan respectively [7][8] - Stocks like Hengbao Co. and Greenland Holdings experienced significant net selling amounts of 193 million yuan and 79.38 million yuan respectively [8]

证券代码：300066 证券简称：三川智慧 公告编号：2025-028 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人 就相关事项进行了认真核实，现对有关情况说明如下： 1、公司未发现前期披露的信息存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司的股票交易价格产生 较大影响的未公开重大信息； 三川智慧科技股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体成员保证公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、 股票交易异常波动的情况 三川智慧科技股份有限公司（以下简称"公司"）（证券简称：三川智慧， 证券代码：300066）股票交易价格连续两个交易日（2025 年 7 月 11 日、2025 年 7 月 14 日）收盘价涨幅偏离值累计超过 30%，根据《深圳证券交易所交易规 则》的相关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况说明 1、经自查，公司不存在违反公平信息披露规定的其他情形。 2、公司已预约于 2025 年 8 月 27 日披露《2025 年半年度报告》，截至本公 告披露日，公司 2025 年半年度财务数据 ...

Group 1 - The A-share rare earth permanent magnet sector is experiencing active bidding, with companies such as Wolong New Energy and Jingyuntong hitting the daily limit up [1] - Other companies like Sanchuan Wisdom, Huahong Technology, Baogang Co., and Jintian Co. also opened high, rising over 5% [1]

Group 1: Liquidity and Scale of Rare Metal ETFs - The rare metal ETF had an intraday turnover of 3.5%, with a transaction volume of 30.73 million yuan [3] - Over the past week, the average daily transaction volume of the rare metal ETF reached 37.71 million yuan, ranking first among comparable funds [3] - In the past year, the rare metal ETF's scale increased by 16.82 million yuan, also ranking first among comparable funds [3] - The latest margin buying amount for the rare metal ETF reached 2.08 million yuan, with a margin balance of 21.28 million yuan [3] Group 2: Performance and Returns - As of July 10, the net value of the rare metal ETF increased by 30.36% over the past year [3] - The highest monthly return since inception was 24.02%, with the longest consecutive monthly gains being 3 months and the longest gain percentage being 14.06% [3] - The average return during the rising months was 7.76% [3] Group 3: Industry Insights and Recommendations - The lithium sector is currently in a bottom oscillation phase, with solid-state battery industrialization accelerating and energy storage demand expected to surge [3] - The new energy storage installations are projected to grow by 140% year-on-year in 2024, which may serve as a core catalyst [3] - Companies with strong cost control in lithium extraction from salt lakes and those with overseas resource layouts are recommended for attention [3] Group 4: Rare Earth Market Dynamics - The implementation of the Rare Earth Management Regulations is expected to enhance compliance capacity concentration, with a growth rate of 5.9% in 2024 [4] - The supply-demand gap for praseodymium and neodymium oxide is anticipated to widen starting in 2025, with a focus on light rare earth leading enterprises [4] - The strategic position of rare earths is significant due to U.S. tariff policies, which may positively impact company performance [4] Group 5: Key Stocks in Rare Metal Sector - The top ten weighted stocks in the CSI Rare Metal Theme Index include Salt Lake Co., Northern Rare Earth, Luoyang Molybdenum, and others, accounting for 54.07% of the total weight [4] - Notable stock performances include Northern Rare Earth with a 9.85% increase and Salt Lake Co. with a 0.86% increase [6] Group 6: Investment Opportunities - Investors can also participate in the rare metal sector through the Rare Metal ETF linked fund (014111) [7]

Core Viewpoint - San Chuan Wisdom (SZ300066) reported a significant increase in revenue for 2024, but net profit declined sharply, indicating potential challenges in profitability despite revenue growth [1][2]. Financial Performance - The company's operating revenue for 2024 was 1.473 billion yuan, a year-on-year increase of 35.52% compared to 2023 [1]. - Net profit attributable to shareholders was 63.77 million yuan, a decrease of 73.43% from the previous year [1]. - The net profit after deducting non-recurring gains and losses was -16.74 million yuan, down 115.56% year-on-year [1]. - Basic earnings per share were 0.0613 yuan, reflecting a 73.43% decline compared to 2023 [1]. - The total assets at the end of 2024 were 2.925 billion yuan, a decrease of 10.04% from the previous year [1]. Profitability Metrics - The gross profit margin for 2024 was 17.44%, an increase of 0.26 percentage points year-on-year [2]. - The net profit margin was 1.53%, a decrease of 9.88 percentage points compared to the previous year [2]. Expense Management - Total operating expenses for 2024 were 246 million yuan, a decrease of 7.45 million yuan from the previous year [2]. - The expense ratio was 16.71%, an increase of 5.61 percentage points year-on-year [2]. - Sales expenses decreased by 1.15%, while management expenses increased by 11.08% [2]. Employee Statistics - The total number of employees at the end of 2024 was 1,312, a reduction of 152 employees or 10.38% compared to the previous year [4]. - The number of employees in the parent company was 780, while the main subsidiaries had 532 employees [3]. Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 was 3.1429 million yuan [7]. - The highest salary was received by General Manager Li Qiangzu, amounting to 626,100 yuan, a slight decrease from the previous year's salary [7]. Company Overview - San Chuan Wisdom Technology Co., Ltd. is located in Yingtan, Jiangxi Province, and specializes in smart water meters, particularly IoT water meters, along with water management systems and services [9].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend with LME copper prices increasing by 2.26% to $9,879.00 per ton, while domestic copper prices rose by 2.47% to 79,900 yuan per ton. Supply-side pressures are evident as the processing fee for imported copper concentrate has dropped to -$44.81 per ton, indicating potential supply constraints [1][13] - The aluminum market is stabilizing at the bottom, with LME aluminum prices up by 1.31% to $2,595.00 per ton. However, the operating rate of leading aluminum cable enterprises has decreased to 61.8%, reflecting ongoing demand challenges [2][14] - Gold prices have decreased by 2.90% to $3,286.10 per ounce, influenced by geopolitical tensions and a reduction in SPDR gold holdings, indicating a temporary decline in gold's safe-haven appeal [3][15] - The rare earth sector is experiencing upward momentum, driven by export controls and stable production levels, with expectations of improved supply-demand dynamics and potential price support [3][27][30] Summary by Sections 1. Overview of Bulk and Precious Metals Market - Copper prices are on the rise, with a slight increase in inventory and a decrease in processing fees indicating potential supply issues [1][13] - Aluminum prices are stabilizing, but demand remains weak as indicated by declining operating rates in the industry [2][14] - Precious metals, particularly gold, are facing downward pressure due to geopolitical factors and reduced investment interest [3][15] 2. Updates on Bulk and Precious Metals Fundamentals 2.1 Copper - The copper market is experiencing a robust demand outlook, with potential supply constraints due to declining processing fees and reduced operating rates in key sectors [1][13] 2.2 Aluminum - The aluminum market is stabilizing, but the demand outlook remains weak, as evidenced by declining operating rates in the aluminum cable sector [2][14] 2.3 Precious Metals - Gold prices are under pressure due to geopolitical tensions and a decrease in ETF holdings, reflecting a temporary decline in its safe-haven status [3][15] 3. Updates on Minor Metals and Rare Earths - The rare earth sector is expected to benefit from improved supply-demand dynamics and stable production levels, with potential price support anticipated [3][27][30] - The antimony market is facing downward price pressure, but upcoming regulatory changes may provide a demand boost [4][31] - Molybdenum prices are stabilizing, with low inventory levels and strong demand from the steel sector indicating a positive outlook [4][32] 4. Updates on Energy Metals - Lithium prices have shown slight declines, but production levels are increasing, indicating a stable supply outlook [5] - Cobalt prices have increased, reflecting strong demand in battery applications, while nickel prices are mixed with slight fluctuations [5]

关于使用闲置自有资金购买理财产品的进展公告 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。 三川智慧科技股份有限公司（以下简称"公司"）于2024年8月28日召开第 七届董事会第十次会议，审议通过《关于使用闲置自有资金进行现金管理的议 案》，同意公司在确保资金安全、操作合法合规、正常生产经营不受影响的前 提下，使用部分闲置自有资金通过金融机构进行现金管理。现金管理的主要方 式为购买理财产品，额度不超过5亿元人民币，在此限额内可以滚动使用，使用 期限自第七届董事会第十次会议审议通过之日起12个月内有效，单个理财产品 的投资期限不超过一年。具体内容详见公司于2024年8月29日在巨潮资讯网披露 的《关于使用闲置自有资金进行现金管理的公告》（公告编号：2024-046）。 根据上述决议，近日公司使用闲置自有资金购买了世纪证券有限责任公司 （以下简称"世纪证券"）的理财产品。现将具体事项公告如下： 二、投资风险及风险控制措施 （一）投资风险 证券代码：300066 证券简称：三川智慧 公告编号：2025-027 三川智慧科技股份有限公司 2、通过进行适度的短期理财，能 ...

Core Viewpoint - San Chuan Wisdom has been committed to optimizing and upgrading intelligent manufacturing, focusing on innovation-driven development strategies in the smart water sector, and has been recognized as one of the "Advanced Intelligent Factories in Jiangxi Province by 2025" due to its outstanding performance in intelligent manufacturing [1] Group 1: Company Achievements - San Chuan Wisdom is one of the earliest companies in China specializing in the research, production, and sales of water meters, and is a leading smart water service provider in the country [2] - The company has successfully passed multiple certifications for its ultrasonic water meters, including the NMI certification from Australia and the MID and OIML certifications from Slovakia, allowing its products to circulate freely in 31 EU member states [2] - The 5G smart factory is designed with an annual production capacity of 5 million water meters, utilizing programmable robots and achieving over 95% automation in the production process [2][3] Group 2: Industry Trends - The demand for smart water meters is expected to increase due to the acceleration of smart city and water-saving city initiatives, as well as the implementation of tiered water pricing policies [4] - The smart water industry in China is transitioning from automation to digitalization, with most water companies building information infrastructure and moving towards a smart water 3.0 phase [4] - The development of smart water services will increasingly focus on intelligent solutions, leveraging big data and AI for deep data analysis to support decision-making [5] Group 3: Future Outlook - The 5G smart factory will significantly enhance San Chuan Wisdom's competitive advantage by improving production efficiency, product delivery capabilities, and reducing production costs [3] - The company aims to align with industry developments and continue driving product innovation, contributing to the transition of the entire industry towards advanced smart water 3.0 levels [6] - National policies introduced in 2024 are expected to boost the water industry, creating vast market opportunities for smart water solutions [6]

证券代码：300066 证券简称：三川智慧 公告编号：2025-026 三川智慧科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 三川智慧科技股份有限公司（以下简称"公司"或"本公司"）2024 年年 度权益分派方案已获 2025 年 5 月 9 日召开的 2024 年年度股东大会审议通过， 现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 1、公司股东大会审议通过的 2024 年年度权益分派方案为：以 2024 年 12 月 31 日总股本 1,040,033,262 股为基数，向全体股东每 10 股派发现金红利 0.30 元（含税），共计派发现金红利 31,200,997.86 元，不送红股，不以资本 公积金转增股本。若在本利润分配方案公告后至实施前，公司总股本因股权激 励行权、可转债转股、股份回购等事项发生变动的，将按照分配总额不变的原 则对分配比例进行调整。 2、公司自分配方案披露至实施期间公司股本总额未发生变化。 3、公司本次实施的分配方案与股东大会审议通过的分配方案一致。 4、本次实施 ...