Core Viewpoint - Shenglan Co., Ltd. is a leading enterprise in the domestic connector industry, focusing on the research, production, and sales of electronic connectors and precision components, with a strong technical foundation and quality customer resources [1] Group 1: Business Performance - In Q3 2025, Shenglan's revenue was 1.244 billion, ranking 50th among 88 companies in the industry, while the industry leader, Industrial Fulian, reported revenue of 603.931 billion [2] - The net profit for the same period was 104 million, placing the company 32nd in the industry, with the top performer, Industrial Fulian, achieving a net profit of 22.522 billion [2] - For the first half of 2025, revenue grew by 28.97% year-on-year to 774 million, and net profit increased by 58.13% to 84.0087 million [5] Group 2: Financial Ratios - As of Q3 2025, Shenglan's debt-to-asset ratio was 46.18%, higher than the previous year's 39.20% and above the industry average of 44.84% [3] - The gross profit margin for the same period was 24.15%, slightly down from 24.71% year-on-year but still above the industry average of 19.47% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.65% to 23,400, while the average number of circulating A-shares held per shareholder increased by 5.96% to 6,722.09 [5] - Hong Kong Central Clearing Limited became the second-largest circulating shareholder, increasing its holdings by 2.5049 million shares [5] Group 4: Management Compensation - The chairman, Huang Xuelin, received a salary of 590,100, an increase of 2,700 from the previous year, while the general manager, Pan Hao, earned 425,100, up by 65,500 [4]

Core Viewpoint - The consumer electronics sector experienced a decline of 2.94% on October 30, with Longyang Electronics leading the drop [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Major stocks in the consumer electronics sector showed varied performance, with notable gainers including XW Communication (+7.41%) and Chunqiu Electronics (+3.51%) [1] Group 2: Stock Performance - Longyang Electronics saw a significant decline of 9.58%, closing at 58.50 [2] - Other notable decliners included Yabo Xuan (-8.32%) and Anker Innovation (-8.29%) [2] Group 3: Capital Flow - The consumer electronics sector experienced a net outflow of 5.992 billion yuan from main funds, while retail investors saw a net inflow of 4.374 billion yuan [2][3] - The capital flow data indicates that while main funds exited, retail investors were actively buying into the sector [3]

Core Insights - The company Shenglan Co., Ltd. reported a revenue of 1.244 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 34.72% [1] - The net profit attributable to shareholders of the listed company reached 103 million yuan, with a year-on-year increase of 17.30% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also 103 million yuan, showing a year-on-year growth of 22.01% [1] - The basic earnings per share stood at 0.63 yuan [1]

Company Performance - Shenglan Co., Ltd. reported a revenue of approximately 1.244 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 34.72% [1] - The net profit attributable to shareholders of the listed company was approximately 103 million yuan, reflecting a year-on-year increase of 17.3% [1] - Basic earnings per share were 0.63 yuan, which is an increase of 8.62% compared to the previous year [1] Market Context - As of the report, Shenglan Co., Ltd. has a market capitalization of 8.5 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

Core Insights - Shenglan Co., Ltd. (300843.SZ) reported a significant increase in revenue and net profit for the third quarter, indicating strong financial performance [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.24 billion yuan, representing a year-on-year growth of 34.72% [1] - The net profit attributable to shareholders of the listed company was 103 million yuan, showing a year-on-year increase of 17.3% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also 103 million yuan, with a year-on-year growth of 22.01% [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥469,757,245.95, an increase of 45.38% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 45.47% to ¥18,846,476.77 for Q3 2025, while the net profit after deducting non-recurring gains and losses was ¥20,401,844.20, down 37.25%[5] - Year-to-date revenue from January to September 2025 was ¥1,243,981,173.02, reflecting a growth of 34.72% year-on-year[12] - Total operating revenue for the current period reached ¥1,243,981,173.02, an increase of 34.7% compared to ¥923,415,008.58 in the previous period[22] - Net profit for the current period was ¥104,098,915.24, representing a growth of 22% from ¥85,379,844.58 in the previous period[23] - The total comprehensive income for the current period was ¥103,956,678.24, compared to ¥84,967,723.89 in the previous period, reflecting an increase of 22.3%[23] Assets and Liabilities - The company's total assets increased by 37.52% to ¥2,979,389,924.57 compared to the end of the previous year[5] - Total assets increased to ¥2,979,389,924.57, compared to ¥2,166,541,137.39 in the previous year, reflecting a growth of 37.5%[21] - Total liabilities rose to ¥1,375,900,989.01, up from ¥631,839,933.33, indicating a significant increase of 117%[21] - The company's long-term liabilities totaled ¥465,141,710.93, a significant increase from ¥22,149,684.61 in the previous year[21] Cash Flow - Cash flow from operating activities showed a significant decline of 60.40%, totaling ¥44,559,511.10 year-to-date[5] - Operating cash inflow totaled 797,814,173.01 yuan, down from 904,438,844.00 yuan in the previous period, reflecting a decrease of approximately 11.8%[24] - The net cash flow from operating activities was 44,559,511.10 yuan, significantly lower than 112,538,013.64 yuan from the previous year, indicating a decline of about 60.4%[24] - The company experienced a net cash outflow from investing activities of 128,000,328.60 yuan, an improvement from a net outflow of 169,239,680.92 yuan in the prior period[25] - Cash inflow from financing activities was 639,063,230.66 yuan, a substantial increase from 110,749,570.86 yuan in the previous period[25] - The net cash flow from financing activities was 486,658,936.08 yuan, compared to a net outflow of 57,904,882.23 yuan last year, marking a significant turnaround[25] - The company's cash and cash equivalents increased by 403,256,647.51 yuan, contrasting with a decrease of 113,978,608.16 yuan in the previous period[25] - The ending balance of cash and cash equivalents stood at 708,651,297.94 yuan, up from 281,291,226.04 yuan at the end of the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,362[14] - The largest shareholder, Shenglan Investment Holdings Co., Ltd., holds 54.20% of shares, totaling 88,730,000 shares[14] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by Shenglan Investment and Hong Kong Central Clearing Ltd.[15] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[15] - The total number of restricted shares at the end of the period is 6,663,394, down from 8,009,025, indicating a reduction of 16.73%[17] - The company has no preferred shareholders as of the reporting period[16] Expenses and Impairments - The company reported a 93.89% increase in selling expenses, totaling ¥39,612,948.69, due to efforts in acquiring new customers[12] - The company recorded a significant increase of 1651.41% in credit impairment losses, amounting to -¥11,862,251.17, due to a substantial rise in accounts receivable[12] - Research and development expenses for the current period were ¥69,075,770.91, which is a 15% increase from ¥59,974,990.17 in the previous period[22] - The company reported a credit impairment loss of ¥11,862,251.17, compared to a gain of ¥764,609.84 in the previous period[23] Earnings Per Share - The company’s basic earnings per share decreased by 45.45% to ¥0.12 for Q3 2025[5] - The company reported a basic earnings per share (EPS) of 0.63, an increase from 0.58 in the previous period, and a diluted EPS of 0.63 compared to 0.55 last year[24] Audit and Reliability - The third quarter financial report was not audited, which may affect the reliability of the reported figures[26]

Core Insights - The consumer electronics sector experienced a decline of 1.04% on October 23, with Yunzhong Technology leading the drop [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Consumer Electronics Sector Performance - Notable gainers included: - Xinyin Electronics (Code: 301329) with a closing price of 21.85, up 9.03% and a trading volume of 133,200 shares, totaling 286 million yuan [1] - Yitian Co., Ltd. (Code: 300812) closed at 28.00, up 8.23% with a trading volume of 217,700 shares, totaling 588 million yuan [1] - Major decliners included: - Yunzhong Technology (Code: 688260) closed at 31.60, down 7.00% with a trading volume of 68,800 shares, totaling 221 million yuan [2] - Yidao Information (Code: 001314) closed at 49.68, down 3.96% with a trading volume of 66,700 shares, totaling 333 million yuan [2] Capital Flow Analysis - The consumer electronics sector saw a net outflow of 1.874 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.658 billion yuan [2] - Key stocks with significant capital flow included: - Deep Technology (Code: 000021) with a net inflow of 82.59 million yuan from institutional investors [3] - Transsion Holdings (Code: 688036) with a net inflow of 53.54 million yuan from institutional investors [3]

Group 1 - The company, Shenglan Co., Ltd. (300843), expressed its commitment to actively expand its business to provide better returns to investors [1]

格隆汇10月21日丨胜蓝股份(300843.SZ)公布2025年员工持股计划，本期员工持股计划的资金总额不超 过15,000.00万元，公司全部有效的员工持股计划所持有的股票总数累计不超过公司股本总额的10%，单 个员工所获股份权益对应的股票总数累计不超过公司股本总额的1%。本员工持股计划的股票来源为通 过二级市场购买（包括但不限于大宗交易和竞价交易）等法律法规许可的方式取得并持有公司股票。公 司股东会审议通过本员工持股计划后6个月内完成标的股票的购买。 ...

胜蓝科技股份有限公司 2025 年员工持股计划（草案） 证券简称：胜蓝股份 证券代码：300843 债券简称：胜蓝转 02 债券代码：123258 胜蓝科技股份有限公司 2025 年员工持股计划 （草案） 二〇二五年十月 1 胜蓝科技股份有限公司 2025 年员工持股计划（草案） 声 明 本公司及全体董事保证本员工持股计划及其摘要不存在任何虚假记载、误导 性陈述或重大遗漏，并对内容的真实性、准确性和完整性依法承担法律责任。 2 胜蓝科技股份有限公司 2025 年员工持股计划（草案） 风险提示 1、公司本次员工持股计划须经公司股东会批准后方可实施，本次员工持股 计划能否获得公司股东会批准，存在不确定性。 2、有关本次员工持股计划的资金来源、出资金额、实施方案等属初步结果， 能否完成实施，存在不确定性。 3、本次信托计划合同、资产管理计划合同或私募基金合同及相关协议尚未 签订，上述合同/协议能否签订或本次员工持股计划能否足额募集资金，存在不 确定性。敬请广大投资者谨慎决策，注意投资风险。 3 胜蓝科技股份有限公司 2025 年员工持股计划（草案） 特别提示 1、胜蓝科技股份有限公司（以下简称"公司"、"本公司"或 ...