Core Viewpoint - Lihexing (301013.SZ) has maintained a good cooperative relationship with Moore Threads [1] Company Summary - Lihexing has been actively engaging with Moore Threads, indicating a positive partnership that may lead to future collaborative opportunities [1]

Market Overview - As of November 18, the Shanghai Composite Index closed at 3939.81 points, down 32.22 points, a decline of 0.81% [1] - The Shenzhen Component Index closed at 13080.49 points, down 121.52 points, a decline of 0.92% [1] - The ChiNext Index closed at 3069.22 points, down 35.98 points, a decline of 1.16% [1] High Turnover Stocks - A total of 100 A-shares had a turnover rate exceeding 20% on November 18, with six stocks, including Beikong Detection and C Hengkong, having turnover rates above 50% [1] - Beikong Detection (stock code: 920160) had a closing price of 26.50 yuan and a turnover rate of 88.46%, with a price increase of 295.52% [1] - C Hengkong (stock code: 688727) closed at 61.55 yuan, with a turnover rate of 81.36% and a price increase of 310.61% [1] - Other notable stocks with high turnover rates include C Nanshu (75.35% turnover, 224.78% increase) and Zhongfutong (53.96% turnover, -3.19% decrease) [1] Additional High Turnover Stocks - Other stocks with significant turnover rates include: - Xue Ren Group (50.33% turnover, -2.55% decrease) [1] - Jianglong Boat (46.42% turnover, -2.02% decrease) [1] - Xuanya International (44.73% turnover, 20.01% increase) [1] - Hongxiang Co. (44.63% turnover, 5.98% increase) [1] - The list continues with various companies showing diverse performance in terms of turnover and price changes [2][3][4]

Market Overview - The specialized equipment sector increased by 0.31% on November 17, with Lingge Technology leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Top Performers - Lingge Technology (Code: 920284) closed at 52.22, up 10.87% with a trading volume of 92,200 shares and a transaction value of 457 million [1] - Guoanda (Code: 300902) closed at 24.49, up 6.39% with a trading volume of 332,400 shares and a transaction value of 843 million [1] - Dayilong (Code: 002209) closed at 15.30, up 6.18% with a trading volume of 316,200 shares and a transaction value of 480 million [1] - Yingweike (Code: 002837) closed at 74.42, up 6.06% with a trading volume of 1,757,100 shares and a transaction value of 5.609 billion [1] Underperformers - Hetai Electromechanical (Code: 001225) closed at 53.10, down 5.63% with a trading volume of 20,000 shares and a transaction value of 108 million [2] - Caokai Co., Ltd. (Code: 002691) closed at 10.05, down 5.10% with a trading volume of 561,300 shares and a transaction value of 59.5 million [2] - Sudar Co., Ltd. (Code: 001277) closed at 41.91, down 4.66% with a trading volume of 64,700 shares and a transaction value of 273 million [2] Capital Flow - The specialized equipment sector experienced a net outflow of 616 million from institutional investors, while retail investors saw a net inflow of 609 million [2] - The top net inflows from retail investors included Yingweike (2.64 billion) and Shandong Molong (3.79 million) [3] - The top net outflows from institutional investors included Yingweike (-2.12 billion) and Shandong Molong (-1.39 million) [3]

Core Insights - The specialized equipment sector experienced a decline of 0.76% on November 14, with *ST Xinyuan leading the drop [1][2] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Sector Performance - The specialized equipment sector saw significant individual stock movements, with notable gainers including: - Hetai Electromechanical (001225) up 10.01% at 56.27, with a trading volume of 15,200 and a turnover of 82.38 million [1] - Xizhuang Co. (001332) also up 10.01% at 59.58, with a trading volume of 30,800 and a turnover of 176 million [1] - Kexin Electromechanical (300092) increased by 9.99% to 18.05, with a trading volume of 327,600 and a turnover of 575 million [1] Decliners - The sector also faced declines, with *ST Xinyuan (300472) falling by 10.06% to 8.05, with a trading volume of 331,700 and a turnover of 277 million [2] - Other notable decliners included: - Sudda Co. (001277) down 9.99% at 43.96, with a trading volume of 102,100 and a turnover of 45.5 million [2] - Mokei Co. (002691) down 6.45% at 10.59, with a trading volume of 588,400 and a turnover of 612 million [2] Capital Flow - The specialized equipment sector saw a net outflow of 1.634 billion from institutional investors, while retail investors contributed a net inflow of 1.794 billion [2][3] - Key stocks with significant capital flow included: - Lihua Xing (301013) with a net inflow of 89.12 million from institutional investors [3] - Jerey Co. (002353) with a net inflow of 68.06 million from institutional investors [3]

Core Points - The stock price of Lihexing increased by 2.03% on November 11, reaching 28.19 CNY per share, with a trading volume of 145 million CNY and a market capitalization of 6.589 billion CNY [1] - Year-to-date, Lihexing's stock price has risen by 140.94%, with a recent 5-day increase of 2.96%, a 20-day decrease of 29.35%, and a 60-day increase of 56.70% [2] - As of September 30, the number of shareholders increased by 168.43% to 46,000, while the average circulating shares per person decreased by 62.75% to 4,112 shares [3] Financial Performance - For the period from January to September 2025, Lihexing reported revenue of 327 million CNY, a year-on-year decrease of 8.85%, and a net profit attributable to shareholders of -65.883 million CNY, a decrease of 529.94% [3] - Since its A-share listing, Lihexing has distributed a total of 27.27 million CNY in dividends, with 11.6872 million CNY distributed over the past three years [4] Shareholder and Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Lihexing saw the exit of Penghua Carbon Neutral Theme Mixed A (016530) from the list [4]

Core Viewpoint - The company has completed the development of its second-generation fully automatic nano-imprinting equipment project, which is expected to be finalized by the end of 2024, but has not yet generated actual commercial revenue [1] Group 1 - The company is closely monitoring market changes and customer demands to seize market opportunities [1]

Core Viewpoint - The company has completed the research and development of its second-generation fully automatic nano-imprinting equipment, but it has not yet been commercialized to generate actual revenue [2]. Group 1 - The second-generation nano-imprinting technology has been developed and is expected to be completed by the end of 2024 [2]. - The company is closely monitoring market changes and customer demands to seize market opportunities [2].

Group 1 - The company's stock price fluctuations are influenced by multiple factors, and investors are advised to be aware of investment risks [1] - The company is maintaining normal production and operations while focusing on supplying mature equipment to major clients and actively collaborating on new product development [1] - The company is closely monitoring market changes, aligning with customer demands, and seizing market opportunities [1] Group 2 - The company is optimizing costs and supply chains to promote cost reduction and efficiency improvement [1] - The company is taking proactive measures based on its actual situation to facilitate high-quality development [1]

Core Viewpoint - The stock of Lihexing has shown significant volatility, with a year-to-date increase of 137.01%, but recent declines in the short term indicate potential market fluctuations [2]. Group 1: Stock Performance - As of November 6, Lihexing's stock price increased by 2.10% to 27.73 CNY per share, with a trading volume of 220 million CNY and a turnover rate of 4.26%, resulting in a total market capitalization of 6.482 billion CNY [1]. - Year-to-date, Lihexing's stock has risen by 137.01%, but it has experienced a decline of 2.36% over the last five trading days and 1.94% over the last twenty days [2]. - The stock has been on the龙虎榜 (top trading list) 13 times this year, with the most recent appearance on October 14, where it recorded a net buy of -12.1162 million CNY [2]. Group 2: Financial Performance - For the period from January to September 2025, Lihexing reported a revenue of 327 million CNY, reflecting a year-on-year decrease of 8.85%, while the net profit attributable to shareholders was -65.883 million CNY, a decline of 529.94% [3]. - The company has distributed a total of 27.27 million CNY in dividends since its A-share listing, with 11.6872 million CNY distributed over the past three years [4]. Group 3: Shareholder and Ownership Structure - As of September 30, 2025, the number of shareholders for Lihexing reached 46,000, an increase of 168.43% from the previous period, while the average number of circulating shares per shareholder decreased by 62.75% to 4,112 shares [3]. - Notably, as of September 30, 2025, the top ten circulating shareholders saw the exit of the Penghua Carbon Neutral Theme Mixed A fund from the list [4]. Group 4: Business Overview - Lihexing, established on January 9, 2006, and listed on June 29, 2021, is based in Longhua District, Shenzhen, and specializes in the research, production, and sales of automation and intelligent equipment [2]. - The company's revenue composition includes 43.58% from intelligent manufacturing equipment, 31.43% from electronic components, 23.82% from specialized accessories, and 1.16% from other sources [2].

Group 1 - The core point of the article is that Lihexing (301013.SZ) has confirmed that Moore Threads is a client of the company [1]