Market Overview - In October, the Shanghai and Shenzhen 300 Index remained unchanged, while the public utility index increased by 4.47% and the environmental index rose by 2.58% [1][16] - Among the 31 first-level industry categories, public utilities and environmental sectors ranked 5th and 8th in terms of growth [1][43] - In the electricity sector, thermal power increased by 10.98%, hydropower by 4.01%, and gas by 6.39% [1][44] Important Events - On October 30, the Ministry of Commerce issued guidelines to support the use of green low-carbon development in foreign trade, promoting the use of renewable energy and sustainable fuels in international shipping [2][17] - The guidelines encourage foreign trade enterprises to develop and utilize recycled resources and biodegradable materials [2][17] Sector Performance - The thermal power sector's revenue for the first three quarters of 2025 was 906.47 billion yuan, a year-on-year decrease of 5.48%, while net profit increased by 15.03% to 71.12 billion yuan [3][18] - The hydropower sector's revenue was 148.76 billion yuan, down 1.39%, with net profit rising by 1.73% to 51.32 billion yuan [3][22] - Wind power revenue decreased by 2.80% to 117.16 billion yuan, with net profit down 12.15% to 22.03 billion yuan [3][25] - The photovoltaic sector saw revenue of 26.10 billion yuan, a decline of 16.55%, but net profit increased by 55.77% to 2.90 billion yuan [3][28] - Nuclear power revenue was 164.08 billion yuan, up 1.76%, but net profit fell by 12.39% to 16.58 billion yuan [3][32] - The gas sector's revenue was 234.91 billion yuan, a decrease of 0.78%, with net profit down 5.49% to 10.25 billion yuan [3][36] Investment Strategy - For thermal power, it is recommended to invest in major companies like Huadian International and Shanghai Electric due to stable profitability [4][41] - In the renewable energy sector, companies such as Longyuan Power and Three Gorges Energy are recommended for their potential steady earnings growth [4][41] - Nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profits [4][41] - High-dividend hydropower stocks like Yangtze Power are highlighted for their defensive attributes [4][41] - In the gas sector, Jiufeng Energy is recommended for its capabilities in marine gas trading [4][41] - The environmental sector is advised to focus on companies like China Everbright Environment and Zhongshan Public Utilities, which are entering a mature phase with improved cash flow [4][42]

Market Overview - In October, the Shanghai and Shenzhen 300 index remained unchanged, while the public utility index increased by 4.47% and the environmental index rose by 2.58% [1][16] - Among the 31 primary industry sectors, public utilities and environmental sectors ranked 5th and 8th in terms of growth [1][43] - In the electricity sector, thermal power increased by 10.98%, hydropower by 4.01%, and gas by 6.39% [1][44] Important Events - On October 30, the Ministry of Commerce issued guidelines to promote green trade, encouraging foreign trade enterprises to adopt green and low-carbon development throughout their supply chains [2][17] - The guidelines support the use of renewable energy and sustainable fuels in international shipping, including green methanol and green ammonia [2][17] Sector Performance - The thermal power sector's revenue for the first three quarters of 2025 was 906.47 billion yuan, a year-on-year decrease of 5.48%, while net profit increased by 15.03% to 71.12 billion yuan [3][18] - Hydropower sector revenue totaled 148.76 billion yuan, down 1.39%, with net profit rising by 1.73% to 51.32 billion yuan [3][22] - Wind power revenue decreased by 2.80% to 117.16 billion yuan, with net profit down 12.15% to 22.03 billion yuan [3][25] - The solar power sector saw revenue of 26.10 billion yuan, a decline of 16.55%, but net profit increased by 55.77% to 2.90 billion yuan [3][28] - Nuclear power revenue was 164.08 billion yuan, up 1.76%, but net profit fell by 12.39% to 16.58 billion yuan [3][32] - The gas sector's revenue was 234.91 billion yuan, a decrease of 0.78%, with net profit down 5.49% to 10.25 billion yuan [3][36] Investment Strategy - For thermal power, it is recommended to invest in major companies like Huadian International and Shanghai Electric due to expected stable profitability [4][41] - In the renewable energy sector, leading companies such as Longyuan Power and Three Gorges Energy are recommended for their potential steady earnings [4][41] - Nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profits, with a recommendation for China Power Investment Corporation [4][41] - High-dividend hydropower stocks like Yangtze Power are highlighted for their defensive attributes [4][41] - In the gas sector, Jiufeng Energy is recommended for its capabilities in marine gas trading [4][41] - The environmental sector is advised to focus on companies like China Everbright Environment and Zhongshan Public Utilities, which are seen as utility-like investment opportunities [4][42]

投资者提问： 感谢您对公司的关注，公司高度重视核心技术自主创新、供应链优化与精益管理，并聚焦高价值场景推 动技术商业化落地，以保持公司的可持续发展。谢谢！查看更多董秘问答>> 董秘回答(聚光科技SZ300203)： 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 技术领先性与商业落地，2024 年降本增效初见成效，但能否实现可持续盈利，在国产替代的历史进程 中，聚光科技既是参与者，也是试金石，国产替代中公司如何把技术转化成盈利能力。 ...

Core Viewpoint - The high-end mass spectrometry market is dominated by Thermo Fisher and Agilent, while domestic companies like HeXin Instruments are making significant advancements with the launch of China's first LC-QTOFMS, indicating a shift towards increased domestic production [1] Group 1: Market Dynamics - The domestic market for mass spectrometry is expected to exceed 50% localization by 2026, reflecting a growing trend in local manufacturing capabilities [1] - The market capitalization of HeXin Instruments has already surpassed that of Jinggong Technology, indicating strong competitive positioning [1] Group 2: Company Strategy - The company emphasizes the importance of core technology innovation, supply chain optimization, and lean management to maintain industry leadership [1] - The focus on high-value scenarios for technology commercialization is a key strategy for sustainable development [1]

Core Viewpoint - The stock of 聚光科技 (Juguang Technology) has shown fluctuations in recent trading sessions, with a year-to-date increase of 12.22% but a decline in the last five, twenty, and sixty days [1][2]. Group 1: Stock Performance - As of November 4, the stock price of 聚光科技 reached 16.81 CNY per share, with a trading volume of 32.22 million CNY and a turnover rate of 0.43%, resulting in a total market capitalization of 7.543 billion CNY [1]. - The stock has experienced a net inflow of main funds amounting to 2.4474 million CNY, with significant buying and selling activities recorded [1]. - Year-to-date, the stock has seen a 12.22% increase, but it has declined by 5.56% over the last five trading days, 5.19% over the last twenty days, and 12.81% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, 聚光科技 reported a revenue of 2.05 billion CNY, reflecting a year-on-year decrease of 11.10%, and a net profit attributable to shareholders of -62.34 million CNY, a significant decline of 152.98% [2]. - The company has distributed a total of 630 million CNY in dividends since its A-share listing, with 112 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for 聚光科技 increased to 23,000, a rise of 13.30%, while the average circulating shares per person decreased by 11.74% to 19,483 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 13.82 million shares, a decrease of 5.19 million shares from the previous period, while Ruiyuan Growth Value Mixed A increased its holdings by 2.42 million shares to 10.86 million shares [3].

（文章来源：证券日报） 证券日报网讯 11月3日晚间，聚光科技发布公告称，截至2025年10月31日，公司通过回购专用证券账户 以集中竞价方式累计回购公司股份5，750，000股，占公司总股本的1.28%。 ...

聚光科技（300203）(300203.SZ)公告，公司截至2025年10月31日以集中竞价方式累计回购公司股份575 万股，占公司总股本的1.28%，成交总金额1.07亿元(不含交易费用)。 ...

格隆汇11月3日丨聚光科技(300203.SZ)公布，截至2025年10月31日，公司通过回购专用证券账户以集中 竞价方式累计回购公司股份5,750,000股，占公司总股本的1.28%，最高成交价为20.82元/股，最低成交 价为17.48元/股，成交总金额106,994,182.00元（不含交易费用）。本次回购符合相关法律法规的要求， 符合既定的回购方案。 ...

Group 1 - The company, 聚光科技, announced on November 3 that it has repurchased a total of 5.75 million shares, accounting for 1.28% of its total share capital [1] - The repurchase was conducted through a special securities account via centralized bidding, with a maximum transaction price of 20.82 yuan per share and a minimum transaction price of 17.48 yuan per share [1] - The total amount spent on the share repurchase is approximately 107 million yuan [1]

证券代码：300203 证券简称：聚光科技 公告编号：2025-046 聚光科技（杭州）股份有限公司 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9号——回购股份》等相关规定，公司应当在回购期间每个月的前三个交易日内 披露截至上月末的回购进展情况，现将相关情况公告如下： 关于回购公司股份的进展公告 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。 聚光科技(杭州)股份有限公司(下称"公司")于2025年8月20日召开第五届 董事会第二次会议，审议通过了《关于回购公司股份方案的议案》。同意公司使 用自有资金和自筹资金，以集中竞价交易方式回购部分公司已在境内发行的人民 币普通股（A股）股票，并在未来适宜时机用于实施股权激励计划或员工持股计 划。本次回购资金总额不低于人民币10,000万元（含本数）且不超过人民币15,000 万元（含本数），回购价格不超过人民币29.50元/股（含），回购期限为自公司 董事会审议通过本次回购方案之日起12个月内。具体内容详见公司于2025年8月 20日、2025年8月27日分别在巨潮资讯网披露的《关于回购公司股 ...