Core Viewpoint - Winning Technology's stock price has shown significant volatility, with a year-to-date increase of 50.64% but a recent decline in the last five and twenty trading days [1][2] Group 1: Stock Performance - As of November 10, Winning Technology's stock price was 28.66 CNY per share, with a market capitalization of 18.603 billion CNY [1] - The stock has experienced a 2.05% decline on the day, with a trading volume of 368 million CNY and a turnover rate of 1.98% [1] - Year-to-date, the stock has risen by 50.64%, but it has decreased by 2.02% in the last five trading days and 7.99% in the last twenty trading days [1] Group 2: Financial Performance - For the period from January to September 2025, Winning Technology reported revenue of 6.784 billion CNY, a year-on-year increase of 4.72%, while net profit attributable to shareholders was 302 million CNY, a decrease of 39.06% [2] - The company has distributed a total of 553 million CNY in dividends since its A-share listing, with 330 million CNY distributed over the last three years [3] Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 17.69% to 62,500, with an average of 10,204 shares per shareholder, a decrease of 15.03% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 49,410 shares, and several ETFs with varying changes in their holdings [3]

Core Viewpoint - Winning Technology has shown a significant stock price increase of 55.27% year-to-date, despite a recent decline in the last five and twenty trading days [2] Financial Performance - For the period from January to September 2025, Winning Technology achieved a revenue of 6.784 billion yuan, representing a year-on-year growth of 4.72%, while the net profit attributable to shareholders was 302 million yuan, a decrease of 39.06% [2] - The company has distributed a total of 553 million yuan in dividends since its A-share listing, with 330 million yuan distributed over the past three years [3] Stock Market Activity - As of November 7, Winning Technology's stock price was 29.54 yuan per share, with a market capitalization of 19.174 billion yuan and a trading volume of 313 million yuan [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent net buy of 307 million yuan on September 12 [2] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 17.69% to 62,500, with an average of 10,204 circulating shares per person, a decrease of 15.03% [2] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in their holdings [3] Business Overview - Winning Technology, established on June 26, 2006, specializes in the research, design, manufacturing, sales, and service of lithium battery production equipment, with 65.66% of its revenue coming from this segment [2]

Core Viewpoint - The lithium battery equipment industry is experiencing a phase of "adjustment and differentiation" in the first nine months of 2025, with leading companies showing resilience and growth despite overall market challenges [1]. Group 1: Performance Overview - The lithium battery equipment sector has shown a mixed performance in 2025, with some companies facing revenue declines of 10%-30% due to previous order cycles, while leading firms like XianDao Intelligent and YingHe Technology achieved revenue growth [2][3]. - Profitability has been impacted by high impairment provisions, leading to losses for companies like HaiMuXing and ManEnSiTe, while others like XianDao Intelligent and LiYuanHeng improved profits through better cost control [3]. Group 2: Highlights of Leading Companies - **XianDao Intelligent**: Achieved a revenue of 10.439 billion yuan in the first nine months of 2025, a 15% increase year-on-year, with a net profit of 1.186 billion yuan, up 95% due to the recovery of receivables [4][5]. - **YingHe Technology**: Reported a revenue of 6.784 billion yuan, a 5% increase, but faced a 39% decline in net profit to 300 million yuan due to margin pressure [6]. - **LiYuanHeng**: Turned a profit with a revenue of 2.424 billion yuan, a 4% increase, and a net profit of 50 million yuan, marking a turnaround [8][9]. Group 3: Industry Outlook for 2026 - The industry is expected to benefit from three main opportunities: recovery in domestic demand, expansion into overseas markets, and technological upgrades, particularly in solid-state battery technology [10][11]. - However, challenges such as industry consolidation and international risks remain, with potential impacts from geopolitical tensions on market expansion and supply chains [12]. Group 4: Conclusion - The lithium battery equipment industry is poised for new opportunities amid adjustments, with leading companies leveraging technological advantages and international strategies to strengthen their positions [13].

Company Summary - Winning Technology (SZ 300457) announced on November 4 that employee representative director Wang Jun holds approximately 10,800 shares of the company, accounting for 0.0017% of the total share capital, and plans to reduce holdings by up to 2,700 shares within three months after the disclosure of the reduction plan [1][1][1] - As of the report, Winning Technology's market capitalization is 18.5 billion yuan [1][1][1] Industry Summary - A significant increase in overseas orders for a certain industry has been reported, with a surge of 246%, covering over 50 countries and regions [1][1][1] - Entrepreneurs have warned of potential malicious competition as some entities are selling at a loss, which could extend to international markets [1][1][1]

Core Insights - On November 4, six A-share listed companies disclosed share buybacks, including Huakai Yibai, Midea Group, and Ningde Times [1] - Seventeen A-share listed companies announced share reductions, including Yinghe Technology and Tianhe Solar [1] Buyback Summary - Huakai Yibai: Director Zhuang Junchao plans to buy back at least 30 million yuan worth of shares [2] - Midea Group: Has repurchased A-shares totaling 9.575 billion yuan [2] - Qingyue Technology: Actual controller Gao Yudi proposed a buyback of 10 million to 20 million yuan [2] - Shenzhen Ruijie: Obtained a commitment letter for a special loan for stock buyback [2] - Ningde Times: As of October 31, has repurchased 15.9908 million shares for a total amount of 4.386 billion yuan [2] - Huarong Co.: Plans to buy back shares worth 40 million to 125 million yuan [2] Reduction Summary - Yinghe Technology: Director Wang Jun plans to reduce holdings by no more than 2,700 shares [2] - Shenzhou Information: Shareholder Shen Chang Technology has completed the reduction of 9.5 million shares [2] - Tianhe Solar: Youze Venture Capital reduced holdings by 12.4749 million shares from September 5 to November 3 [2] - Hongbai New Materials: Shareholder Xinyu Baolong plans to reduce no more than 3% of shares [2] - Guobo Electronics: Shareholder Zhongdian Ke Guomi plans to reduce no more than 2% of shares [2] - Aorite: Shareholder Tiantai Boren plans to reduce no more than 0.25% of shares [2] - Yinuosi: Shareholder Zhangjiang Biomedical Base plans to transfer 4.2294 million shares, accounting for 3% of total equity [2] - Founder Securities: Third-largest shareholder China Cinda plans to reduce no more than 1% of shares [2] - Nine Company: Depository receipt holders plan to reduce no more than 0.04% of depository receipts [2] - Ningbo Zhongbai: Shareholder Zhang Jiangbo plans to reduce no more than 1% of shares [2] - Fudan Zhangjiang: Shareholder Yang Zongmeng plans to reduce no more than 1% of shares [2] - Liqun Co.: Director and executive Hu Peifeng plans to reduce no more than 0.08% of shares [2] - Suli Co.: Shareholder Jiesheng Investment plans to reduce no more than 0.48% of shares [2] - Shengkong Co.: Shareholder More Light plans to reduce no more than 2% of shares [2] - Ruihua Tai: Shareholder Hangke New Century plans to reduce no more than 1% of shares [2] - Shentong Technology: Directors Wang Huan and Zhou Baocong plan to reduce no more than 0.0473% of shares [2] - Huapei Niuwu: Shareholder Guoshou Chengda plans to reduce no more than 2% of shares [2]

Core Viewpoint - Wang Jun, the employee representative director of Yinghe Technology (300457.SZ), plans to reduce her shareholding by no more than 2,700 shares, which represents approximately 0.0004% of the company's total share capital [1] Summary by Relevant Sections - **Shareholding Details** - Wang Jun currently holds 10,800 shares, accounting for 0.0017% of the company's total share capital [1] - The planned reduction will occur within three months after the announcement, starting 15 trading days from the disclosure date [1] - **Reduction Plan** - The reduction will be executed through centralized bidding [1] - The maximum number of shares to be sold is 2,700, which is about 0.0004% of the total share capital [1]

Summary - The company Winhe Technology announced that employee representative director Wang Jun holds 10,800 shares, accounting for 0.0017% of the total share capital [1] - Wang Jun plans to reduce his holdings by no more than 2,700 shares, which represents 0.0004% of the total share capital, through centralized bidding within three months after the announcement date [1] - The reason for the reduction is personal funding needs, and the shares were acquired from the secondary market [1]

Core Viewpoint - Winhe Technology (300457.SZ) announced that employee representative director Ms. Wang Jun holds 10,800 shares of the company, representing 0.0017% of the current total share capital [1] Summary by Sections Shareholding and Reduction Plan - Ms. Wang plans to reduce her holdings by no more than 2,700 shares within three months after the disclosure of this reduction plan, which accounts for approximately 0.0004% of the current total share capital [1]

证券代码：300457 证券简称：赢合科技 编号：2025-076 深圳市赢合科技股份有限公司 关于公司董事减持股份的预披露公告 公司董事王君女士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。 特别提示： 2、截至本公告日，上述股东持有公司股份情况如下： 二、本次减持计划的主要内容： 1、本次拟减持的原因：个人资金需求。 2、股份来源：二级市场购入流通股份。 3、减持方式：证券交易所集中竞价交易。 1 深圳市赢合科技股份有限公司（以下简称"公司"）职工代表董事王君女士 持有公司股份 10,800 股（占公司当前总股本的 0.0017%，占当前剔除公司回购 专户股数后公司总股本的 0.0017%），计划在本次减持计划预披露公告之日起 15 个交易日后 3 个月内，以集中竞价方式减持公司股份不超过 2,700 股（占公司当 前总股本的比例约为 0.0004%，占当前剔除公司回购专户股数后公司总股本的 0.0004%）。 公司近日收到职工代表董事王君女士出具的《关于股份减持计划的告知函》， 现将有关情况公告如下： ...

Core Points - The article discusses the upcoming 2025 Solid-State Battery Industry Annual Conference and the Solid-State Battery Golden Ding Award Ceremony, scheduled for November 8, 2025, in Guangzhou, focusing on new technologies and ecosystem building [4][5][6]. Event Overview - The event will feature over 1000 participants and will include various forums and exhibitions related to solid-state battery technology [5][6]. - The main theme of the conference is "Focusing on New Technologies, Building a New Ecosystem" [5]. Key Participants - Major sponsors and exhibitors include companies such as RuTian Technology, JinNa Technology, and others involved in the sodium battery and solid-state battery sectors [4][6]. - Notable speakers include industry leaders from various research institutions and companies, highlighting advancements in solid-state battery technology [6][8]. Forum Agenda - The agenda includes a series of presentations and discussions on topics such as the development of solid-state battery technology, key materials, and manufacturing processes [6][19]. - Specific sessions will cover advancements in sulfide electrolytes, polymer-based solid-state lithium-ion batteries, and the challenges in developing solid-state battery materials [6][19]. Registration and Participation - Registration for the event is open, with fees structured for attendees and exhibitors, including options for sponsorship and exhibition space [19][20]. - The event aims to facilitate networking and collaboration among industry stakeholders [19].