Core Insights - Senhe Elevator Co., Ltd. experienced a stock price increase of 5.68% on September 15, reaching 11.35 CNY per share, with a total market capitalization of 3.028 billion CNY [1] Company Overview - Senhe Elevator Co., Ltd. is located in the Lian City Industrial Park, Nanxun District, Huzhou, Zhejiang Province, and was established on December 7, 2007, with its listing date on September 7, 2021 [1] - The company's main business includes the research, manufacturing, and sales of elevators, escalators, and moving walkways, along with related installation, debugging services, and after-market services such as maintenance, parts sales, and upgrades [1] - The revenue composition of the main business is as follows: 77.58% from equipment buyout model, 20.88% from elevator sales with installation services, and 1.53% from parts and other services [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under ICBC Credit Suisse holds a significant position in Senhe shares. The fund, ICBC Credit Suisse Joy Mixed A (011729), held 32,500 shares in the second quarter, accounting for 0.12% of the fund's net value, ranking as the fourth-largest holding [2] - The fund has a total scale of 90.9406 million CNY and has achieved a year-to-date return of 26.2%, ranking 3,233 out of 8,246 in its category, with a one-year return of 45.23%, ranking 3,592 out of 8,054 [2] Fund Manager Information - The fund manager for ICBC Credit Suisse Joy Mixed A (011729) is Jiao Wenlong, who has a tenure of 10 years and 124 days, managing assets totaling 9.24 billion CNY, with the best fund return during his tenure being 86.49% and the worst being -89.78% [3] - Co-manager He Shun has a tenure of 1 year and 332 days, managing assets of 6.865 billion CNY, with the best return of 55.46% and the worst return of 6.84% during his tenure [3]

（文章来源：证券日报） 证券日报网讯森赫股份9月11日在互动平台回答投资者提问时表示，根据中国结算深圳分公司的最新数 据，截至2025年9月10日，公司股东人数为9671人。 ...

Core Viewpoint - The company, Senhe Elevator Co., Ltd., is actively involved in the elevator manufacturing and sales industry, with a focus on international markets and innovative technologies related to urbanization and IoT applications [2][6]. Company Overview - Senhe Elevator Co., Ltd. was established on December 7, 2007, and went public on September 7, 2021. The company specializes in the research, development, manufacturing, and sales of elevators, escalators, and moving walkways, along with related installation, debugging, and maintenance services [6]. - The main revenue sources for the company are from complete elevator sales and installation, accounting for 98.47%, while parts and other services contribute 1.53% [6]. - As of August 29, the number of shareholders is 9,429, a decrease of 7% from the previous period, with an average of 18,665 circulating shares per person, an increase of 7.53% [6]. Market Activity - On September 10, the stock price of Senhe increased by 0.37%, with a trading volume of 17.81 million yuan and a turnover rate of 0.93%, leading to a total market capitalization of 2.887 billion yuan [1]. - The main net inflow of funds today was 126,100 yuan, representing 0.01% of the total, with the industry ranking at 55 out of 194 [3]. International Presence - The company has significant overseas clients primarily in Bangladesh, Russia (Far East region), Kuwait, Uzbekistan, and Mexico, with Bangladesh, Russia, and Kuwait being the main foreign sales regions [2]. - Senhe is actively responding to the "Belt and Road" initiative, exporting products to countries such as Bangladesh, Kuwait, and Mexico [2]. Technological Innovations - The company integrates its GRPS passenger elevators, GRE escalators, and GRM moving walkways with the SICE IoT cloud service platform to support new urbanization projects [2]. - Senhe has developed elevator products that utilize biometric recognition technologies (voice, facial, and fingerprint recognition) and IoT capabilities for remote control and monitoring [2]. Financial Performance - For the first half of 2025, the company reported a revenue of 243 million yuan, a year-on-year decrease of 36.17%, and a net profit attributable to shareholders of 35.54 million yuan, down 40.04% year-on-year [6]. - Since its A-share listing, the company has distributed a total of 227 million yuan in dividends, with 173 million yuan in the last three years [7].

来源：新浪证券-红岸工作室 9月9日，森赫股份跌1.55%，成交额2427.60万元，换手率1.27%，总市值28.76亿元。 异动分析 中俄贸易概念+新型城镇化+一带一路+物联网+人脸识别 1、公司海外客户主要集中于孟加拉国、俄罗斯（远东地区）、科威特、乌兹别克斯坦、墨西哥等国 家，其中孟加拉国、俄罗斯和科威特为公司最主要的国外销售地区。 2、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 3、公司持股49%的Turkmenistan Sicher在土库曼斯坦从事电梯制造及销售；公司积极响应国家"一带一 路"倡议，产品销往孟加拉国、科威特、墨西哥等国家和地区。 4、2021年9月15日互动易回复：公司通过电梯物联网平台，对电梯的运行信号、状态、故障数据进行监 测和采集，运用大数据、云计算技术，实现电梯远程监控、维保管理、使用管理、安全预警、应急处置 等功能。 5、据招股说明书：公司在新旧产业融合过程中，研发生物特征识别（语音识别、人脸识别、指纹识 别）、基于物联网实现远程呼梯、二维码识别等新技术应 ...

（文章来源：证券日报） 证券日报网讯森赫股份9月2日在互动平台回答投资者提问时表示，截至2025年8月29日，公司股东人数 为9429户。 ...

Core Viewpoint - The company, Senhe Elevator Co., Ltd., is experiencing a decline in stock performance and revenue, with significant reliance on international markets and new technologies for growth [2][6]. Group 1: Company Overview - Senhe Elevator Co., Ltd. was established on December 7, 2007, and went public on September 7, 2021. The company specializes in the research, manufacturing, and sales of elevators, escalators, and moving walkways, along with related installation, debugging, and maintenance services [6]. - The main revenue sources for the company are: elevators (84.67%), installation services (8.88%), escalators and moving walkways (3.92%), and other services (1.69%) [6]. - As of August 29, the number of shareholders is 9,429, a decrease of 7% from the previous period, while the average circulating shares per person increased by 7.53% [6]. Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 243 million yuan, a year-on-year decrease of 36.17%, and a net profit attributable to shareholders of 35.54 million yuan, down 40.04% year-on-year [6][7]. - The company has distributed a total of 227 million yuan in dividends since its A-share listing, with 173 million yuan distributed over the past three years [7]. Group 3: Market Activity - On September 2, the company's stock price fell by 0.18%, with a trading volume of 48.62 million yuan and a turnover rate of 2.61%, resulting in a total market capitalization of 2.884 billion yuan [1]. - The main net inflow of funds today was -1.33 million yuan, representing 0.03% of the total, indicating a continuous reduction in main funds over the past three days [3][4]. Group 4: Strategic Initiatives - The company has a significant international customer base, primarily in Bangladesh, Russia, and Kuwait, and is actively responding to the "Belt and Road" initiative by exporting products to various countries [2]. - The company is integrating new technologies such as biometric recognition and IoT for remote elevator management and monitoring, which aligns with the new urbanization strategy [2].

Core Viewpoint - The company, Senhe Elevator Co., Ltd., is experiencing fluctuations in stock performance and is involved in various international markets, particularly in the elevator manufacturing sector, while facing challenges in revenue and profit margins [2][6][7]. Group 1: Company Overview - Senhe Elevator Co., Ltd. was established on December 7, 2007, and went public on September 7, 2021. The company specializes in the research, development, manufacturing, and sales of elevators, escalators, and moving walkways, along with related installation and maintenance services [6]. - The main revenue sources for the company are: elevators (84.67%), installation services (8.88%), escalators and moving walkways (3.92%), and other services (1.69%) [6]. - As of August 20, the number of shareholders increased to 10,100, with an average of 17,358 circulating shares per person, indicating a slight decrease in individual shareholding [6]. Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 243 million yuan, a year-on-year decrease of 36.17%, and a net profit attributable to shareholders of 35.54 million yuan, down 40.04% compared to the previous year [7]. - The company has distributed a total of 227 million yuan in dividends since its A-share listing, with 173 million yuan distributed over the past three years [8]. Group 3: Market Activity - On September 1, the stock price of Senhe increased by 1.21%, with a trading volume of 32.35 million yuan and a turnover rate of 1.69%, leading to a total market capitalization of 2.889 billion yuan [1]. - The company has seen a net outflow of 1.4998 million yuan from major investors today, marking a continuous three-day trend of reduced investment [3][4].

Group 1 - Kone Elevator announced a significant investment plan in the Guangdong-Hong Kong-Macao Greater Bay Area, including the establishment of a southern headquarters, R&D center, and smart logistics and assembly center in Shenzhen, focusing on modernization and digital maintenance services [1][11] - The Chinese elevator market has the largest elevator ownership globally, with international brands like Kone and Otis holding about 70% market share, while domestic brands account for only around 30% [2][5] - The elevator industry has faced revenue declines due to a slowdown in real estate demand, leading to increased competition and price wars among companies [2][4] Group 2 - In the first half of 2025, 10 out of 12 listed elevator companies in China reported revenue declines, with Shanghai Mechanical and Guangri shares experiencing decreases of 6.41% and 3.05%, respectively [3][4] - The total revenue of 12 A-share elevator companies in the first half of 2025 was 18.125 billion yuan, marking a five-year low compared to over 22 billion yuan in the same period in 2021 [3][4] - The demand for elevator maintenance and modernization is expected to grow, with over 1.2 million elevators in use and more than 1 million old elevators exceeding 15 years of service [9][10] Group 3 - Domestic brands are increasingly focusing on digitalization and smart technology to enhance competitiveness, with significant investments in R&D for IoT and AI applications [5][6] - Companies like Kone and Guangri are implementing smart elevator cloud service platforms and optimizing business structures to improve profitability [6][9] - The Chinese government is supporting the modernization of old elevators through special long-term bonds, with 6.2 billion yuan allocated for updating over 41,000 residential elevators [10][11]

Group 1 - The core point of the article highlights that Senhe Co., Ltd. has experienced a decrease in the number of shareholders, with a total of 9,429 shareholders as of August 31, down by 710 from the previous period, representing a 7.00% decrease [2] - The closing price of Senhe Co., Ltd. was 10.83 yuan, reflecting an increase of 1.21%, but the stock price has cumulatively decreased by 9.37% since the concentration of shares began, with 2 days of increase and 6 days of decrease during this period [2] - The latest margin trading data shows that as of August 29, the total margin balance for the stock was 70.9836 million yuan, with a financing balance of the same amount, indicating a decrease of 818,800 yuan or 1.14% since the concentration of shares began [2] Group 2 - The company's semi-annual report indicates that for the first half of the year, it achieved operating revenue of 243 million yuan, a year-on-year decrease of 36.17%, and a net profit of 35.5408 million yuan, down 40.04% year-on-year, with basic earnings per share at 0.1300 yuan and a weighted average return on equity of 4.13% [2]

Financial Performance - The company reported total revenue of 243 million yuan for the first half of 2025, a decrease of 36.17% year-on-year [1] - The net profit attributable to shareholders was 35.54 million yuan, down 40.04% compared to the previous year [1] - The gross profit margin was 33.05%, showing a slight increase of 0.28% year-on-year, while the net profit margin decreased by 6.07% to 14.61% [1] - The total of selling, administrative, and financial expenses was 29.89 million yuan, accounting for 12.29% of revenue, an increase of 4.9% year-on-year [1] - Earnings per share fell to 0.13 yuan, a decrease of 40.91% year-on-year [1] Accounts Receivable - The company's accounts receivable reached a significant level, with accounts receivable accounting for 100.37% of the latest annual net profit [1][3] - The accounts receivable decreased by 35.89% year-on-year to 97.21 million yuan [1] Cash Flow and Assets - The company reported cash and cash equivalents of 231 million yuan, a decrease of 50.81% year-on-year [1] - Operating cash flow per share remained stable at 0.07 yuan, reflecting a year-on-year increase of 7.6% [1] Investment and Returns - The company's return on invested capital (ROIC) was 8.76%, indicating average capital returns [2] - Historical data shows a median ROIC of 10.18% since the company went public, with the lowest ROIC recorded at 4.17% in 2022 [1] Fund Holdings - The largest fund holding in the company is the ICBC Joy Mixed A Fund, which holds 32,500 shares and has recently entered the top ten holdings [4]