第三季度业绩下滑 三季报显示，今年1—9月，锦浪科技实现营业收入56.63亿元，同比增长9.71%;实现归母净利润8.65亿 元，同比增长29.39%。单季对比来看，一到三季度，公司分别实现营业收入15.18亿元、22.76亿元、 18.69亿元，分别实现归母净利润1.95亿元、4.07亿元、2.63亿元。 从成本和费用来看，锦浪科技的人工成本与研发投入持续增加。前三季度，应付职工薪酬达1.50亿元， 同比增长34.51%;研发费用达3.41亿元，同比增长17.02%;销售费用和管理费用分别为4.17亿元和2.37亿 元，同比增长22.94%和29.53%。 值得注意的是，今年上半年，锦浪科技业绩已有下滑迹象。一是占收入"大头"的并网逆变器收入同比下 滑11.22%，二是户用光伏发电系统毛利率下降3.19个百分点，三是海外地区整体毛利率下降0.38个百分 点。 据海关总署数据，今年8月，逆变器出口额62.9亿元，同比增长2.2%，环比下降3.4%。分大洲看，逆变 器对欧洲出口26.9亿元，同比下降1.6%，环比下降4.9%;对亚洲出口19.4亿元，同比增长2.4%，环比下 降5.5%。 锦浪科技称，若行业政策 ...

Group 1 - Huayi Technology's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling no more than 2.5433 million shares, from November 5, 2025, to February 4, 2026 [1] - Huayi Technology specializes in intelligent testing equipment for automotive powertrains, testing services for new energy vehicles, and intelligent driving-related businesses [1] - China Overseas Land & Investment reported a contract sales amount of 1.08 billion yuan in September, a year-on-year decrease of 59% [1] Group 2 - Degute announced it does not participate in nuclear energy or nuclear pollution control equipment manufacturing, focusing instead on energy-saving and environmental protection equipment [2] - Degute's main business targets chemical, energy, metallurgy, and solid waste treatment sectors [2][3] Group 3 - Zhongke Sanhuan expects a net profit of 80 million to 100 million yuan for the first three quarters of 2025, compared to a loss of 42.053 million yuan in the same period last year [4] - The company specializes in rare earth permanent magnet materials and new magnetic materials [4] Group 4 - Jieshun Technology anticipates a net profit of 68 million to 80 million yuan for the first three quarters of 2025, representing a year-on-year increase of 58.11% to 86.01% [5] - The company focuses on intelligent parking management systems and related services [5] Group 5 - Shengtun Mining plans to acquire Canadian Loncor's gold mine assets for approximately 1.35 billion yuan (190 million USD) [6] - The acquisition targets the Adumbi gold mine project in the Democratic Republic of the Congo, which has significant resource potential [6][7] Group 6 - Xizi Clean Energy reported new orders of 1.27 billion yuan in the third quarter, with total new orders of 4.054 billion yuan for 2025 [7] - The company specializes in waste heat boilers and clean energy generation equipment [7] Group 7 - Xiangsha Precision plans to invest 49% in a new investment fund focused on humanoid robots and industrial robots, with a total subscription amount of 49 million yuan [8] - The fund aims to invest in key components for humanoid robots and industrial service robots [8] Group 8 - Huangting International announced the termination of major asset sales and debt restructuring due to failure to reach consensus on core terms [10] - The company faces potential financial risks as its main assets have been judicially determined to be used for debt repayment [10] Group 9 - Jinlang Technology reported a net profit growth of 29.39% year-on-year for the first three quarters of 2025, with a total revenue of 5.663 billion yuan [12][13] - The company specializes in the research, production, and sales of string inverters for solar power generation [12] Group 10 - Guoen Co. signed a cooperation agreement for a photovoltaic production increase and seawater lithium extraction project, with a total funding of 26.7 million HKD from both parties [14] - The project focuses on enhancing photovoltaic cooling efficiency and developing lithium extraction systems [14] Group 11 - Aerospace Intelligent Manufacturing expects a net profit of 600 million to 664 million yuan for the first three quarters of 2025, representing a year-on-year increase of 12% to 24% [15] - The company operates in the automotive parts, oil and gas equipment, and high-performance functional materials sectors [15] Group 12 - Fuxin Technology's shareholder plans to transfer 3% of the company's shares, totaling 2.6472 million shares, due to personal funding needs [16] - The company specializes in the research, production, and sales of conductive silver paste for photovoltaic cells [16] Group 13 - Dike Co. plans to acquire 62.5% of Jiangsu Jingkai Semiconductor Technology Co. for 300 million yuan, focusing on storage chip packaging and testing services [17] - The acquisition will make Dike Co. the controlling shareholder of Jiangsu Jingkai [17] Group 14 - Phoenix Shipping plans to purchase dry bulk carriers for up to 60 million USD to expand its capacity and optimize fleet structure [18] - The funding will come from self-owned and raised funds [18] Group 15 - Ru Yi Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [21] - The company continues normal production and operational activities during the investigation [21] Group 16 - Kuntai Co. signed a cooperation letter of intent with French company Trèves to establish a carpet production line in Morocco [23] - The agreement ensures a long-term supply of automotive carpets to Trèves for five years [23] Group 17 - Huason Pharmaceutical's shareholders plan to reduce their holdings by up to 3% of the company's shares, totaling 12.5278 million shares [25] - The reduction is due to personal and fund funding needs [25] Group 18 - Zhongshe Co. plans to acquire 51% of Wuxi Jiaojian New Materials for 68.85 million yuan, focusing on asphalt and stabilized mixture production [27] - The acquisition will enhance Zhongshe's capabilities in the transportation and construction sectors [27] Group 19 - Tai Jia Co. plans to transfer its 2.5% stake in a venture capital fund for 14.3827 million yuan [28] - The transaction will result in Tai Jia no longer holding any shares in the fund [28] Group 20 - Weilan Lithium Core plans to invest 20 million USD in the Green Beauty Indonesia project to enhance its market competitiveness [30] - The investment will result in a 5.95% stake in the target company, which produces high-nickel ternary precursors [30] Group 21 - Guosheng Technology's subsidiary plans to invest 230 million yuan in Tieling Global for a solid-state battery project [32] - The investment will result in a 51.11% stake in Tieling Global, integrating the solid-state battery supply chain [32]

Core Viewpoint - JinkoSolar (300763.SZ) experienced a significant drop of over 9% in its stock price, falling below the 80 yuan mark, with a total market capitalization of 31.75 billion yuan [1] Financial Performance - In the third quarter, the company reported an operating income of 1.869 billion yuan, representing a year-on-year increase of 3.43% [1] - The net profit attributable to shareholders was 263 million yuan, showing a year-on-year decline of 16.85% [1] Market Reaction - The announcement of a proposed issuance of 1.677 billion yuan in convertible bonds raised concerns about potential dilution of shares, leading to increased risk-averse sentiment among investors [1]

【导读】A股市场拉升翻红 大家好！来一起关注最新的市场行情和资讯～ 10月15日，A股三大指数小幅高开，盘初集体跳水翻绿，随后快速拉升。截至发稿，三大指数均已翻红。 | 行业板块方面，商贸零售、美容护理、建筑材料、有色金属等板块集体拉升，电子商务、水泥制造、网络安全等概念股活跃；军工股不振，光刻机、光伏 | 逆变器等概念股走低。 | | --- | --- | | 港股早间集体高开，截至发稿，三大指数涨幅均超1%。哔哩哔哩涨超4%，领涨恒生科技指数成份股。 | | 来看详情—— 10月15日，国家统计局城市司首席统计师董莉娟解读2025年9月份PPI数据。董莉娟表示，PPI同比下降2.3%，降幅比上月收窄0.6个百分点。部分行业产能 治理成效显现，市场竞争秩序持续优化，价格同比降幅收窄。产业结构升级和消费潜力释放带动相关行业价格同比上涨。现代化产业体系加快构建，制造 业高端化、智能化、绿色化发展向好，市场需求稳步扩大。 另外，上午国产软件、操作系统、数字系统等概念股活跃，久其软件、格尔软件、榕基软件等多股涨停。 | 序号 代码 | | 名称 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | ...

Core Insights - As of October 15, 12 companies have released their Q3 2025 reports, with 11 reporting year-on-year profit growth and 1 reporting a decline [1] - 8 companies experienced year-on-year revenue growth, while 4 reported a decline [1] - Notably, 8 companies saw both profit and revenue growth, while 1 company, Qifeng New Materials, reported declines in both metrics [1] - The company with the highest profit growth was Dao's Technology, with an increase of 182.45% [1] Summary by Category Profit Performance - Dao's Technology reported a net profit of 41,544.60 million yuan, with a year-on-year increase of 182.45% [1] - Wo Le Home reported a net profit of 13,768.02 million yuan, with a year-on-year increase of 70.92% [1] - Xiaogoods City reported a net profit of 345,731.29 million yuan, with a year-on-year increase of 48.45% [1] - Qifeng New Materials reported a net profit of 10,236.83 million yuan, with a year-on-year decrease of 3.82% [1] Revenue Performance - Dao's Technology reported revenue of 600,086.22 million yuan, with a year-on-year decrease of 1.79% [1] - Wo Le Home reported revenue of 105,508.48 million yuan, with a year-on-year increase of 2.18% [1] - Xiaogoods City reported revenue of 1,306,112.99 million yuan, with a year-on-year increase of 23.07% [1] - Qifeng New Materials reported revenue of 253,024.65 million yuan, with a year-on-year decrease of 0.83% [1]

Core Insights - On October 15, seven companies released their Q3 2025 financial reports, with six reporting year-on-year profit growth and one reporting a decline [1] - Four companies experienced simultaneous growth in both net profit and operating revenue, while one company saw declines in both metrics [1] Summary by Company - **我乐家居 (Code: 603326)** - Earnings per share: 0.4314 CNY - Net profit: 137.68 million CNY, up 70.92% year-on-year - Operating revenue: 1,055.08 million CNY, up 2.18% year-on-year [1] - **小商品城 (Code: 600415)** - Earnings per share: 0.6300 CNY - Net profit: 345.73 million CNY, up 48.45% year-on-year - Operating revenue: 1,306.11 million CNY, up 23.07% year-on-year [1] - **联泓新科 (Code: 003022)** - Earnings per share: 0.1700 CNY - Net profit: 23.24 million CNY, up 30.32% year-on-year - Operating revenue: 456.82 million CNY, down 8.02% year-on-year [1] - **锦浪科技 (Code: 300763)** - Earnings per share: 2.1900 CNY - Net profit: 86.55 million CNY, up 29.39% year-on-year - Operating revenue: 566.26 million CNY, up 9.71% year-on-year [1] - **威唐工业 (Code: 300707)** - Earnings per share: 0.1834 CNY - Net profit: 3.25 million CNY, up 9.14% year-on-year - Operating revenue: 59.93 million CNY, down 10.70% year-on-year [1] - **聚灿光电 (Code: 300708)** - Earnings per share: 0.2400 CNY - Net profit: 17.30 million CNY, up 8.43% year-on-year - Operating revenue: 249.95 million CNY, up 23.59% year-on-year [1] - **齐峰新材 (Code: 002521)** - Earnings per share: 0.1800 CNY - Net profit: 10.24 million CNY, down 3.82% year-on-year - Operating revenue: 253.02 million CNY, down 0.83% year-on-year [1]

Core Viewpoint - The photovoltaic equipment sector is experiencing fluctuations, with significant declines in stock prices for several companies, indicating potential volatility in the market [1]. Company Summary - DKE Holdings and Jinlang Technology both saw their stock prices drop by over 10% [1]. - Other companies such as Jing Sheng Mechanical and Electrical, Shangneng Electric, and Maiwei Co. also experienced declines, suggesting a broader trend in the sector [1].

Core Insights - As of October 15, 2025, a total of 12 A-share listed companies have disclosed their Q3 financial reports, with all reporting profits and none reporting losses [1] - The cumulative revenue of these companies reached 45.529 billion yuan, reflecting a year-on-year increase of 12.24%, while the total net profit amounted to 6.418 billion yuan, marking a year-on-year growth of 41.99% [1] - Among the 12 companies, 11 reported an increase in net profit year-on-year, while only one company experienced a decline [1] Revenue and Profit Analysis - The total revenue for the 12 companies was 45.529 billion yuan, with a year-on-year growth of 12.24% [1] - The total net profit was 6.418 billion yuan, showing a year-on-year increase of 41.99% [1] - One company reported a net profit exceeding 1 billion yuan, with the top three companies being Xiaogoods City, Jinlang Technology, and Daoshi Technology, with net profits of 3.457 billion yuan, 0.865 billion yuan, and 0.415 billion yuan respectively [1] Net Profit Growth - Two companies reported a net profit growth exceeding 50%, with Daoshi Technology, Wo Le Home, and Xiaogoods City leading the way, showing net profit growth rates of 182.45%, 70.92%, and 48.45% respectively [1]

每经记者｜黄鑫磊 每经编辑｜董兴生 10月14日，光伏逆变器龙头锦浪科技（300763.SZ，股价87.9元，市值349.94亿元）发布了2025年三季 报，公司第三季度实现营业收入18.69亿元，同比微增3.43%，但归母净利润下滑明显，为2.63亿元，同 比下降16.85%。 锦浪科技称，通过上述项目实施，可扩大分布式光伏发电业务规模，丰富公司储能产品类型，实施差异 化、专业化竞争策略，建设高水平研发实验室、引进先进的设施设备，并对公司多环节软硬件进行数智 化升级。 值得注意的是，今年上半年，锦浪科技业绩已有下滑迹象。一是占收入"大头"的并网逆变器收入同比下 滑11.22%，二是户用光伏发电系统毛利率下降3.19个百分点，三是海外地区整体毛利率下降0.38个百分 点。 据海关总署数据，今年8月，逆变器出口额62.9亿元，同比增长2.2%，环比下降3.4%。分大洲看，逆变 器对欧洲出口26.9亿元，同比下降1.6%，环比下降4.9%；对亚洲出口19.4亿元，同比增长2.4%，环比下 降5.5%。 锦浪科技称，若行业政策发生重大不利变动、公司未能紧跟全球光伏市场区域热点、区域能源供需变动 使得电力等能源价格大 ...

经济观察网 2025年10月14日，锦浪科技(300763)发布2025年第三季度报告，2025年第三季度实现营业收 入18.69亿元，同比增长3.43%；实现净利润2.63亿元，同比下降16.85%。 ...