Core Points - The electric motor sector experienced a decline of 2.03% on the trading day, with Fangzheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Bafang Co., Ltd. (603489) closed at 31.24, up 3.65% with a trading volume of 65,100 shares and a transaction value of 201 million yuan [1] - Kangping Technology (300907) closed at 32.66, up 1.90% with a trading volume of 26,000 shares and a transaction value of 84.69 million yuan [1] - Huarui Co., Ltd. (300626) closed at 13.15, up 1.47% with a trading volume of 176,600 shares [1] - Tongda Power (002576) closed at 17.93, up 0.50% with a trading volume of 33,200 shares and a transaction value of 59.67 million yuan [1] - Mingzhi Electric (603728) closed at 66.32, up 0.48% with a trading volume of 61,700 shares [1] - Jiangnan Yifan (301023) closed at 40.05, up 0.38% with a trading volume of 12,000 shares and a transaction value of 48.08 million yuan [1] - Huayang Intelligent (301502) closed at 47.90, up 0.23% with a trading volume of 4,544 shares and a transaction value of 21.83 million yuan [1] - Shenli Co., Ltd. (603819) closed at 12.21, up 0.08% with a trading volume of 40,700 shares and a transaction value of 49.83 million yuan [1] - Dibei Electric (603320) closed at 19.40, down 0.05% with a trading volume of 15,500 shares and a transaction value of 30.12 million yuan [1] - China Electric Motor (603988) closed at 26.10, down 0.15% with a trading volume of 46,300 shares and a transaction value of 121 million yuan [1] Capital Flow - The electric motor sector saw a net outflow of 1.037 billion yuan from main funds, while retail investors contributed a net inflow of 966 million yuan [3] - Speculative funds recorded a net inflow of 70.95 million yuan [3]

Core Points - Huari Co., Ltd. (300626) stated on November 12 that as of October 31, 2025, the number of shareholders is expected to reach 17,547 [1]

Financial Performance - The net profit for Q3 2025 increased by 47.59%, significantly faster than the previous two quarters [2] - Revenue for the first three quarters of 2025 reached 602 million CNY, a 9.51% increase year-on-year, while net profit decreased by 17.79% to 13.66 million CNY [6] Business Segments - The demand for electric vehicle (EV) single vehicle controllers has surged by 3-5 times, with the automotive business accounting for approximately 45% of total revenue [2][5] - Overseas revenue constitutes 35% of total income, although there has been a decline in direct exports to Europe and the US due to external factors [4] Market Opportunities - The company is leveraging policies for vehicle replacement and electric vehicles to expand its market share in the automotive electric component sector [5] - The company is focusing on the development of hollow cup motors, which are gaining traction in various high-tech fields such as medical devices and aerospace [6] R&D and Product Development - The company is actively developing new products, including micro controllers and brushless connectors, to enhance resource efficiency [6] - A dedicated R&D team is addressing technical challenges in hollow cup motor controllers to ensure high reliability and performance [6] Competitive Advantage - The company maintains a stable R&D team with extensive industry experience, which supports continuous technological innovation [7] - The company has a strong market position in domestic markets and is recognized by international clients, bolstered by its diverse production capabilities [8] Future Outlook - The company plans to maintain its focus on core business areas while exploring new opportunities in the supply chain and industry dynamics [8] - There is a commitment to enhancing customer relationships and expanding market share through high-quality products and services [8]

Core Viewpoint - Huari Co., Ltd. announced that its wholly-owned subsidiary, Ningbo Shengke Transmission Co., Ltd., has been included in the seventh batch of "Specialized, Refined, Characteristic, and Innovative" small giant enterprises list published by the Ningbo Municipal Bureau of Economy and Information Technology [1] Group 1 - The announcement was made on the evening of October 30 [1] - The public notice period for the list has concluded as of the date of the announcement [1]

Core Insights - Huari Co., Ltd. is a leading enterprise in the domestic commutator industry, specializing in the R&D, production, and sales of small power motors and micro-special motors commutators, with a full industry chain differentiation advantage [1] Financial Performance - For Q3 2025, Huari Co., Ltd. reported revenue of 602 million yuan, ranking 21st out of 26 in the industry, significantly lower than the top competitor Wolong Electric Drive at 11.967 billion yuan and second-place Dayang Electric at 9.18 billion yuan [2] - The company's net profit for the same period was 13.657 million yuan, ranking 24th out of 26, also far below the industry leaders Dayang Electric at 896 million yuan and Wolong Electric Drive at 829 million yuan [2] Profitability and Debt Ratios - As of Q3 2025, Huari Co., Ltd. had a debt-to-asset ratio of 39.86%, which is higher than the industry average of 35.64% [3] - The gross profit margin for the period was 16.28%, lower than the previous year's 18.23% and below the industry average of 21.03% [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 17.58% to 10,400, while the average number of circulating A-shares held per shareholder increased by 21.33% to 17,300 [5] - Notable shareholders include Noan Multi-Strategy Mixed A, which increased its holdings by 467,200 shares, and CITIC Prudential Multi-Strategy Mixed A, which is a new shareholder with 850,700 shares [5] Management Compensation - The total compensation for General Manager Xie Jinyue was 1.2599 million yuan in 2024, an increase of 97,700 yuan from 2023 [4]

证券代码：300626 证券简称：华瑞股份 公告编号：2025-052 华瑞电器股份有限公司 关于举办2025年第三季度业绩说明会的公告 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。 重要内容提示： 华瑞电器股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在巨 潮资讯网上披露了《2025 年三季度报告》。为便于广大投资者更加全面深入地 了解公司经营业绩、发展战略等情况，公司定于 2025 年 11 月 10 日（星期一） 15:00-16:00 在"价值在线"（www.ir-online.cn）举办华瑞电器股份有限公司 2025 年第三季度业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意 见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 11 月 10 日（星期一）15:00-16:00 会议召开时间：2025 年 11 月 10 日（星期一）15:00-16:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会 议 问 题 征 集 ： 投 资 者 可 于 202 ...

证券代码：300626 证券简称：华瑞股份 公告编号：2025-051 华瑞电器股份有限公司 关于全资子公司入选国家级专精特新"小巨人"企业的公告 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。 国家级专精特新"小巨人"企业是工业和信息化部为贯彻落实中共中央办公 厅、国务院办公厅《关于促进中小企业健康发展的指导意见》有关要求，经各省 级主管部门组织报送、专家评审、社会公示等流程评选产生。专精特新"小巨人" 企业通常位于产业基础核心领域、产业链关键环节，创新能力突出、掌握核心技 术、细分市场占有率高、质量效益优，是优质中小企业的核心力量。 宁波胜克入选国家级专精特新"小巨人"企业名单，体现了相关政府部门对 其技术创新、产品质量及综合实力的高度认可，有利于提升公司品牌知名度和市 场竞争力，对公司长远发展具有积极影响。宁波胜克将继续专注主营业务，不断 进行技术创新和突破，充分发挥专精特新"小巨人"企业的示范作用。 三、风险提示 本次入选预计不会对公司当期经营业绩产生重大影响，敬请广大投资者谨 慎决策，注意防范投资风险。 四、备查文件 《关于宁波市第七批专精特新"小巨 ...

Core Viewpoint - Huari Co., Ltd. (300626.SZ) reported a year-on-year revenue increase of 9.51% for the first three quarters of 2025, reaching 602 million yuan, while net profit attributable to shareholders decreased by 17.79% to 13.6567 million yuan [1] Financial Performance - The company's operating revenue for the first three quarters was 602 million yuan, reflecting a year-on-year growth of 9.51% [1] - Net profit attributable to shareholders was 13.6567 million yuan, showing a decline of 17.79% compared to the previous year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 10.9753 million yuan, which represents a decrease of 22.20% year-on-year [1] - Basic earnings per share stood at 0.0759 yuan [1]

Core Insights - The company reported a revenue of 212,858,413.38 yuan for the third quarter of 2025, representing a year-on-year growth of 3.98% [1] - The net profit attributable to shareholders of the listed company was 8,954,101.10 yuan, showing a significant year-on-year increase of 47.59% [1] Financial Performance - Revenue for Q3 2025: 212,858,413.38 yuan, up 3.98% year-on-year [1] - Net profit for Q3 2025: 8,954,101.10 yuan, up 47.59% year-on-year [1]

Group 1 - Company Huari Co., Ltd. reported a revenue of approximately 602 million yuan for the first three quarters of 2025, representing a year-on-year increase of 9.51% [1] - The net profit attributable to shareholders of the listed company was approximately 13.66 million yuan, showing a year-on-year decrease of 17.79% [1] - The basic earnings per share were 0.0759 yuan, which is a year-on-year decrease of 17.77% [1] Group 2 - As of the report, the market capitalization of Huari Co., Ltd. is 2.3 billion yuan [2]