Core Points - The company, 电连技术, reported that as of November 10, 2025, the number of shareholders is 22,176 [1]

Group 1 - The core inquiry from investors is about the supply of products from the robotics company of Sairis [2] - Electric Connection Technology (300679.SZ) confirmed on the investor interaction platform that it has established R&D cooperation with leading robotics companies [2] - The company has already applied relevant products to leading humanoid robot companies and stated that there is no undisclosed information regarding customer details [2]

Core Viewpoint - The company, 电连技术 (300679.SZ), confirmed that Huawei is a client, which is subject to confidentiality agreements between the company and its clients [1] Group 1 - The company has a relationship with Huawei, indicating a significant client partnership [1]

Group 1 - The company, Dianlian Technology, announced its participation in the "2025 Shenzhen Listed Companies Investor Online Reception Day" to enhance interaction with investors [2] - The event is scheduled for November 20, 2025 [2]

本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP，参与 本次互动交流，活动时间为2025年11月20日（周四）14:30-17:00。届时公司高管将 在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权激励和可持续 发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 证券代码：300679 证券简称：电连技术 公告编号：2025-088 电连技术股份有限公司 关于参加 2025 年度深圳辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，电连技术股份有限公司（以下简称"公司"） 将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公司协会与深圳市 全景网络有限公司联合举办的"2025年度深圳辖区上市公司投资者网上集体接待日 活动"，现将相关事项公告如下： 电连技术股份有限公司董事会 2025 年 11 月 10 日 ...

Core Viewpoint - The company emphasizes the importance of communication with investors while adhering to principles of fair information disclosure and confidentiality of business information [1] Group 1 - The company actively engages with investors to address their concerns sincerely [1]

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [1][23]. Core Insights - The company achieved a record high quarterly revenue of 15.15 billion yuan in Q3 2025, reflecting a year-over-year increase of 27.48% and a quarter-over-quarter increase of 14.13% [1]. - Despite the revenue growth, the net profit attributable to the parent company decreased by 13.84% year-over-year in Q3 2025, amounting to 1.30 billion yuan [1]. - The company is expanding its presence in the server and humanoid robot connector markets, which are expected to provide significant growth opportunities due to the rapid development of the AI industry [8]. Financial Performance Summary - For the first three quarters of 2025, the company reported total revenue of 40.39 billion yuan, a year-over-year increase of 21.2%, and a net profit of 3.73 billion yuan, down 18.71% year-over-year [1]. - The projected financial indicators for 2025 to 2027 show a steady increase in total revenue, with estimates of 60.04 billion yuan in 2025, 73.93 billion yuan in 2026, and 88.27 billion yuan in 2027, reflecting growth rates of 28.8%, 23.1%, and 19.4% respectively [3][9]. - The net profit attributable to the parent company is expected to grow from 625 million yuan in 2025 to 1.05 billion yuan in 2027, with a projected growth rate of 21.6% in 2027 [3][9]. Market Position and Growth Potential - The company is recognized as a leading domestic connector manufacturer, with a strong focus on consumer electronics connectors and a forward-looking approach to BTB connectors [8]. - The automotive connector business is anticipated to be a key growth driver, benefiting from the rapid development of the automotive market, particularly in the context of new energy vehicles [8]. - The company has established collaborations with major automotive manufacturers, which positions it well to capitalize on the growing demand in this sector [8].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company reported a revenue of 4.039 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 21.20%. The net profit attributable to the parent company was 373 million yuan, a decrease of 18.71% year-on-year. In Q3 alone, revenue reached 1.515 billion yuan, up 27.48% year-on-year and 14.13% quarter-on-quarter. The net profit for Q3 was 130 million yuan, down 13.84% year-on-year but up 8.99% quarter-on-quarter [5] - The revenue growth was primarily driven by the peak sales season in consumer electronics and automotive electronics. The company, as a leader in RF connectors, benefited from the dual drivers of consumer electronics and automotive sectors [5] - The company is expanding its production capacity in response to downstream demand, which has led to increased operational costs. Factors such as product price adjustments, structural changes, and relocation costs have impacted overall profitability [5] - The gross margin for the first three quarters of 2025 was 29.58%, down 4.18 percentage points year-on-year, while the net profit margin was 9.23%, down 4.53 percentage points year-on-year. In Q3, the gross margin was 29.85%, down 3.75 percentage points year-on-year but up 1.62 percentage points quarter-on-quarter [5] - The company has a complete range of automotive connector products and has established strong partnerships with major domestic and international clients, leading to stable growth in this business segment [5] - The company is also focusing on the AI and robotics sectors, collaborating with leading robotics companies to develop high-frequency, high-speed connectors for humanoid robots and expanding into data center server applications [5] Financial Data and Projections - The company expects revenues of 5.856 billion yuan, 7.280 billion yuan, and 8.870 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 25.6%, 24.3%, and 21.8% [6] - The projected net profits for the same years are 601 million yuan, 889 million yuan, and 1.110 billion yuan, with year-on-year changes of -3.4%, +48.0%, and +24.8% respectively [6] - The earnings per share (EPS) are expected to be 1.41 yuan, 2.09 yuan, and 2.61 yuan for 2025, 2026, and 2027 respectively [6]

Core Viewpoint - The company, as a leader in high-frequency and high-speed automotive connectors in China, is actively involved in the humanoid robot sector, indicating a focus on advanced applications in emerging technologies [1] Company Summary - The company has established research and development collaborations with leading humanoid robot companies, showcasing its commitment to innovation in the robotics field [1] - Current products have already been applied in top humanoid robot companies, highlighting the practical implementation of its technology [1] - The industry is still in the early stages of commercialization, suggesting potential growth opportunities as the market develops [1] Industry Summary - The humanoid robot sector is characterized by high sensor configurations, which aligns with the company's product offerings, indicating a strategic fit in the market [1] - The company emphasizes that any business and customer collaboration details will be disclosed through official announcements, ensuring transparency [1] - There is currently no undisclosed information that the company is obligated to reveal, indicating a stable communication approach with investors [1]

Core Insights - The article discusses the recent movements of social security funds in the stock market, highlighting new investments, increases, and decreases in holdings during the third quarter [1][2] Summary by Category New Investments - In the third quarter, social security funds initiated positions in 17 new stocks, with a total of 70 stocks being held by these funds [1] - The stock with the highest number of social security fund holders is Zhuoyi Information, appearing in the top ten shareholders list with two funds holding a combined 233.68 million shares, representing 1.93% of the circulating shares [1] Holdings and Proportions - The stock with the highest holding proportion among new investments is Lanke High-tech, with a holding ratio of 2.15%, followed closely by Dielian Technology at 2.12% [1] - The largest number of shares held by social security funds among new investments is in Dazhu Laser, with 11,928,500 shares, followed by Jinling Mining and Lanke High-tech with 8,810,400 shares and 7,638,700 shares, respectively [1] Performance Metrics - Among the new investments, 11 companies reported year-on-year net profit growth, with Tuowei Information showing the highest increase of 852.03% [2] - The average increase of new stocks since October is 1.29%, outperforming the Shanghai Composite Index, with Beifang Changlong leading the performance with a cumulative increase of 21.89% [2] - The stock with the largest decline is Xingwang Ruijie, which has seen a cumulative drop of 14.40% [2]