Core Viewpoint - The stock of Jiuziyang has experienced a decline of 2.01% on November 18, with a current price of 38.92 CNY per share, reflecting a market capitalization of 7.006 billion CNY. The company has shown a year-to-date stock price increase of 15.28% but has faced slight declines in the recent trading periods [1]. Financial Performance - For the period from January to September 2025, Jiuziyang reported a revenue of 357 million CNY, representing a year-on-year growth of 29.12%. The net profit attributable to shareholders was 21.746 million CNY, which is a 7.93% increase compared to the previous year [2]. Shareholder Information - As of November 13, 2025, the number of shareholders for Jiuziyang is 15,200, which is a decrease of 11.91% from the previous period. The average number of circulating shares per person has increased by 13.52% to 11,806 shares [2]. Dividend Distribution - Since its A-share listing, Jiuziyang has distributed a total of 217 million CNY in dividends, with 98.28 million CNY distributed over the last three years [3]. Ownership Structure - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder of Jiuziyang, holding 1.1399 million shares, which is an increase of 586,900 shares from the previous period [3].

证券日报网讯久之洋（300516）11月14日在互动平台回答投资者提问时表示，截至2025年11月13日，公 司股东人数为15246户。 ...

证券日报网讯久之洋（300516）11月12日在互动平台回答投资者提问时表示，截至2025年10月31日，公 司股东人数为17308户。 ...

Core Viewpoint - The company, Jiu Zhi Yang, clarifies that there is no competitive relationship with Hua Zhi Yang, as their business scopes are significantly different, ensuring no overlap in operations [1] Group 1: Business Relationship - Hua Zhi Yang focuses on optical tracking detection systems, special television systems, water conservancy engineering detection equipment, and multi-axis simulation turntables, which do not compete with the core products and target markets of Jiu Zhi Yang [1] - The company has established a good partnership with Hua Zhi Yang, utilizing its infrared and laser products in Hua Zhi Yang's optical tracking systems [1] Group 2: Competition Agreement - The controlling shareholder, Huazhong Optoelectronics Research Institute, signed a long-term effective "Avoidance of Competition Agreement" with the company, ensuring that it and its controlled enterprises will not engage in competing businesses [1] - This agreement is designed to protect the legitimate rights and interests of the company and all investors [1]

Core Viewpoint - The company, Jiu Zhi Yang (300516.SZ), clarified that there is no competitive relationship with Hua Zhi Yang, as their business scopes are significantly different and do not overlap [1] Group 1: Business Relationship - Hua Zhi Yang focuses on optical tracking detection systems, special television systems, water conservancy engineering detection equipment, and multi-axis simulation turntables, which are distinct from the company's core products and target markets [1] - The company has established a cooperative partnership with Hua Zhi Yang, with its infrared and laser products already being utilized in Hua Zhi Yang's optical tracking systems [1] Group 2: Competition Agreement - The company's controlling shareholder, Huazhong Optoelectronics Research Institute, signed a "Non-Competition Agreement" with the company, which is effective long-term and is being properly executed [1] - The agreement explicitly states that the controlling shareholder and its other controlled enterprises will avoid engaging in businesses that compete with the company's main operations, thereby protecting the legitimate rights and interests of the company and all investors [1]

Group 1 - The core viewpoint of the news is that Jiuziyang's stock has experienced fluctuations, with a current price of 40.40 CNY per share and a market capitalization of 7.272 billion CNY, reflecting a year-to-date increase of 19.66% [1] - As of October 20, 2025, Jiuziyang reported a revenue of 357 million CNY for the first nine months, representing a year-on-year growth of 29.12%, and a net profit of 21.746 million CNY, up 7.93% [2] - The company has distributed a total of 217 million CNY in dividends since its A-share listing, with 98.28 million CNY distributed over the past three years [3] Group 2 - Jiuziyang's main business includes the research, production, and sales of infrared thermal imaging cameras, laser rangefinders, and other related products, with revenue contributions of 55.88% from infrared thermal imaging cameras, 28.62% from optical systems, and 14.81% from laser measurement and lighting products [1] - The company is categorized under the electronic industry, specifically in the sub-sectors of other electronics, and is involved in various concept sectors including small-cap stocks, central enterprise reform, marine engineering equipment, short message concepts, and aerospace military industry [1] - As of September 30, 2025, the number of shareholders for Jiuziyang was 16,600, a slight decrease of 0.14%, while the average number of circulating shares per person increased by 0.14% to 10,819 shares [2]

Group 1 - The commercial aerospace sector experienced a significant rally on November 3, with companies like Aerospace Intelligence and Aerospace Technology hitting their daily price limits [1] - Shanghai Port Bay also saw a price limit increase, alongside notable gains from companies such as Holleywo, Shanghai Huguang, Chaojie Co., and Jiuzhiyang [1]

Core Viewpoint - The company, Jiuzhiyang, indicated that its developed products are not directly applicable to quantum communication, although some of its technologies are related to quantum technology and may form potential synergies in supporting areas [2]. Group 1 - The company responded to an investor inquiry regarding the applicability of its products in quantum communication [2]. - The company clarified that its current products do not have direct applications in quantum communication [2]. - The company acknowledged that certain technologies it has developed are related to quantum technology, suggesting potential collaborative opportunities in the future [2].

Core Insights - The company reported a total revenue of 357 million yuan for Q3 2025, representing an increase of 80.41 million yuan or 29.12% year-on-year [1] - The net profit attributable to shareholders was 21.75 million yuan, up by 1.60 million yuan or 7.93% compared to the same period last year [1] - The net cash inflow from operating activities was 176 million yuan, ranking 6th among disclosed peers [1] Financial Ratios - The latest debt-to-asset ratio stands at 32.00%, ranking 4th among disclosed peers [3] - The gross profit margin is 32.29%, which is an increase of 1.79 percentage points from the previous quarter, marking two consecutive quarters of growth [3] - The return on equity (ROE) is 1.67%, an increase of 0.10 percentage points year-on-year [3] Earnings and Turnover - The diluted earnings per share (EPS) is 0.07 yuan [4] - The total asset turnover ratio is 0.20 times, an increase of 0.04 times or 24.35% year-on-year [4] - The inventory turnover ratio is 0.89 times, up by 0.36 times or 65.99% compared to the same period last year [4] Shareholder Structure - The number of shareholders is 16,800, with the top ten shareholders holding 127 million shares, accounting for 70.71% of the total share capital [4] - The largest shareholder is Huazhong Optoelectronics Technology Research Institute, holding 58.25% of the shares [4]

Core Viewpoint - Jiu Zhi Yang (300516.SZ) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved an operating revenue of 357 million yuan, representing a year-on-year increase of 29.12% [1] - The net profit attributable to shareholders reached 21.7461 million yuan, reflecting a year-on-year increase of 7.93% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 20.5694 million yuan, which is a year-on-year increase of 24.37% [1] - Basic earnings per share stood at 0.1208 yuan [1]