Financial Performance - The company's operating revenue for Q3 2025 reached ¥627,673,925.90, representing a year-on-year increase of 27.39%[5] - Net profit attributable to shareholders for Q3 2025 was ¥21,430,611.55, a significant increase of 356.47% compared to the same period last year[5] - The basic earnings per share for Q3 2025 was ¥0.09, reflecting a 350.00% increase year-on-year[5] - The company's net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was ¥21,156,436.60, up 299.22% year-on-year[5] - Total operating revenue for the current period reached ¥1,832,572,965.66, an increase of 33% compared to ¥1,378,968,158.38 in the previous period[20] - Net profit for the current period was ¥32,585,499.05, representing a 61% increase from ¥20,226,980.01 in the previous period[22] - Basic and diluted earnings per share were both ¥0.14, compared to ¥0.09 in the prior period[22] - The total comprehensive income for the current period was ¥32,585,499.05, compared to ¥20,226,980.01 in the previous period[22] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥3,844,927,328.45, which is a 9.33% increase from the end of the previous year[5] - The total assets of the company reached approximately ¥3.84 billion as of September 30, 2025, compared to ¥3.52 billion at the beginning of the period, reflecting an increase of about 9.1%[17] - The company's current assets totaled approximately ¥3.50 billion, up from ¥3.16 billion, indicating a growth of around 10.6%[17] - Total liabilities increased to approximately ¥2.81 billion from ¥2.49 billion, reflecting a growth of about 12.9%[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2,575,676.73 for the year-to-date, a decrease of 95.09% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥2,575,676.73, worsening from a net outflow of ¥52,420,173.82 in the previous period[22] - Cash flow from investment activities showed a net outflow of -$14.45 million in the current period, compared to -$40.41 million in the previous period, indicating an improvement[23] - Cash flow from financing activities generated a net inflow of $57.94 million, down from $141.98 million year-over-year[23] - The net cash increase for the period was $40.91 million, down from $49.15 million in the previous period[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,869[11] - The largest shareholder, Huzhou Dike Industrial Investment Co., Ltd., held a 43.28% stake in the company[11] - The number of shares held by the top ten shareholders includes significant stakes, with Huzhou Dike Industrial Investment Co., Ltd. holding approximately 97.94 million shares[14] - The company plans to release restricted shares totaling approximately 117.78 million by April 27, 2025, which may impact future share liquidity[15] - The company has a total of 134.85 million restricted shares, with a significant portion held by executives under lock-up agreements[15] Research and Development - Research and development expenses increased in Q3 2025, driven by higher investment in R&D projects[9] - Research and development expenses increased to ¥67,222,577.39, up 48% from ¥45,396,869.81 in the previous period[20] Inventory and Receivables - The company reported a significant increase in inventory, which rose to approximately ¥315.74 million from ¥244.24 million, an increase of about 29.3%[17] - Accounts receivable increased to approximately ¥2.00 billion from ¥1.94 billion, representing a rise of about 3.1%[17] Financial Reporting and Standards - The company’s financial report for Q3 was not audited, indicating a potential area for investor scrutiny[24] - The new accounting standards will be first implemented starting in 2025, which may impact future financial reporting[24]

Core Insights - Jiusong Electric experienced a 1.22% decline in stock price on October 24, with a trading volume of 247 million yuan [1] - The company reported a financing buy-in of 24.09 million yuan and a financing repayment of 26.18 million yuan on the same day, resulting in a net financing outflow of 2.09 million yuan [1] - As of October 24, the total margin balance for Jiusong Electric was 147 million yuan, representing 3.49% of its market capitalization [1] Financing Summary - On October 24, Jiusong Electric had a financing buy-in of 24.09 million yuan, with a current financing balance of 147 million yuan, which is above the 60th percentile of the past year [1] - The margin trading data indicates that there were no shares sold or repaid in the short selling segment on the same day, with a short selling balance of 0 [1] Company Overview - Jiusong Electric, established on May 19, 2004, and listed on October 27, 2021, is located in Huzhou, Zhejiang Province [1] - The company's main business includes the research, production, sales, and service of fire-resistant special cables and power cables [1] - The revenue composition of Jiusong Electric is as follows: plastic insulated cables (44.51%), inorganic mineral insulated metal sheath cables (19.56%), power cables (18.88%), mineral insulated cables (12.48%), and others (4.57%) [1] Financial Performance - As of June 30, Jiusong Electric had 30,000 shareholders, a decrease of 8.18% from the previous period, while the average number of circulating shares per person increased by 112.74% to 6,971 shares [2] - For the first half of 2025, the company achieved a revenue of 1.205 billion yuan, reflecting a year-on-year growth of 35.95%, while the net profit attributable to the parent company was 11.155 million yuan, a decrease of 28.18% year-on-year [2] Dividend Information - Since its A-share listing, Jiusong Electric has distributed a total of 133 million yuan in dividends, with 84.057 million yuan distributed over the past three years [3]

Core Viewpoint - The company, Jiusheng Electric (301082.SZ), has stated that it is not involved in the charging pile business, focusing instead on the production of cable products that can be used in the infrastructure construction of charging piles. Currently, the company's business emphasis is not in this area, with only sporadic sales of cable products [1] Group 1 - The company has not laid out plans for the charging pile business [1] - The cable products produced by the company can be utilized in charging pile infrastructure [1] - The current business focus of the company is not on charging piles, with only limited sales of cable products [1]

Group 1 - The controllable nuclear fusion concept stocks experienced a significant decline in early trading on October 16, with companies such as Hezhong Intelligent, Zhongzhou Special Materials, China Nuclear Construction, and Haheng Huatuo dropping over 7% [1] - Other companies like China Electric Research, Jiusheng Electric, Changfu Co., and Aikesibo also saw declines exceeding 4% [1]

Group 1 - Nuclear power concept stocks are active, with significant gains observed in several companies [1] - Degu Technology reached the daily limit increase, indicating strong market interest [1] - Other companies such as New Lai Fu, He Duan Intelligent, An Tai Technology, Chu Jiang New Materials, and China Nuclear Construction also hit the daily limit increase [1] Group 2 - Additional companies including China Electric Xilong, China Electric Research Institute, Jiu Sheng Electric, Western Superconducting, Wu Jin Stainless Steel, and Tian Gang Co., Ltd. experienced upward movement in their stock prices [1]

Group 1 - The core point of the article is that Jiusheng Electric (301082.SZ) clarified on an investor interaction platform that it did not supply products to CFETR in October, despite claims that it accounted for 13% of the supply [2] Group 2 - An investor inquired about the accuracy of a report from Sina Finance regarding Jiusheng Electric's supply to CFETR [2] - Jiusheng Electric responded on October 10, stating that the company did not supply any products to CFETR in October [2]

证券代码：301082 证券简称：久盛电气 公告编号：2025-041 久盛电气股份有限公司 关于公司高级管理人员减持计划实施完成的公告 公司副总经理方纯兵先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 久盛电气股份有限公司（以下简称"公司"）于 2025 年 6 月 11 日披露了《关 于公司高级管理人员减持计划的预披露公告》（公告编号：2025-022），公司高 级管理人员方纯兵先生计划自上述公告披露之日起 15 个交易日后 3 个月内（即 2025 年 7 月 3 日至 2025 年 10 月 2 日）通过集中竞价减持本公司股份不超过 128,625 股（占公司总股本比例不超过 0.06%），窗口期不减持。 近日，公司收到方纯兵先生出具的《关于股份减持计划实施完成的告知函》， 截至本公告披露日，方纯兵先生的减持计划已全部实施完成，现将具体情况公告 如下： 一、股东减持情况 1、减持股份来源：公司首次公开发行前已发行的股份及资本公积金转增股 本获得的股份 | 股东名称 | 减持方式 | 减持期间 | ...

Market Overview - On October 9, the A-share market saw a strong rally, with the Shanghai Composite Index rising over 1% to break through 3900 points, marking a 10-year high [1][2] - The Shenzhen Component Index increased by 1.47% to 13725.56 points, while the ChiNext Index rose by 0.73% to 3261.82 points [2] - The total trading volume in the Shanghai and Shenzhen markets reached 26,723 billion yuan, an increase of 4,748 billion yuan compared to the previous trading day [2] Sector Performance - The non-ferrous metals sector experienced significant gains, with stocks like Tongling Nonferrous Metals, Northern Copper, and Yunnan Copper hitting the daily limit [6][8] - The controlled nuclear fusion concept saw a surge, with stocks such as Changfu Co., Yinjie Electric, and Western Superconducting also reaching the daily limit [11][13] - The rare earth sector rallied, with companies like China Rare Earth and Northern Rare Earth hitting the daily limit [9][10] Gold Market - On October 8, international spot gold prices exceeded $4000 per ounce, reaching a historical high [8] - Factors contributing to the rise in gold prices include concerns over U.S. government shutdowns, political uncertainties in Japan, and expectations of continued interest rate cuts by the Federal Reserve [8] Semiconductor Sector - The storage chip concept gained momentum, with stocks like Canxin Co. and Huahong Semiconductor seeing significant increases, with Canxin hitting the daily limit [14][16] - A report from CFM Flash Market indicated that prices for server eSSD and DDR5 RDIMM are expected to rise by over 10% in Q4 2025 due to increased demand from cloud service providers [16][17] Policy Impact - The Ministry of Commerce announced new export controls on certain rare earth-related items, further tightening the supply chain for these materials [9] - Analysts expect that the new regulations will lead to a long-term bullish outlook for the rare earth and magnetic materials sectors due to supply constraints [9]

Market Performance - The grid equipment sector increased by 2.98% compared to the previous trading day, with Jiusheng Electric leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Individual Stock Performance - Jiusheng Electric (301082) closed at 20.36, with a rise of 13.55% and a trading volume of 413,300 shares [1] - Jinbei Electric (002533) rose by 10.04% to close at 12.93, with a trading volume of 383,200 shares [1] - Tebian Electric (600089) increased by 10.00% to 19.58, with a trading volume of 2,297,100 shares and a transaction value of 4.45 billion [1] - Other notable performers include Far East Holdings (600869) up 8.30% and Jingda Co. (600577) up 8.08% [1] Capital Flow Analysis - The grid equipment sector saw a net inflow of 1.277 billion in main funds, while retail funds experienced a net outflow of 634 million [2] - The main funds showed significant inflows in stocks like Tebian Electric and Jinbei Electric, while retail investors withdrew from these stocks [3] Summary of Stock Flows - Tebian Electric had a main fund net inflow of 668 million, representing 15.01% of its trading volume, while retail funds saw a net outflow of 274 million [3] - Jinbei Electric experienced a main fund net inflow of 108 million, accounting for 22.48% of its trading volume, with retail funds withdrawing 45.5 million [3] - Other stocks like Jingda Co. and China West Electric also showed similar trends with varying degrees of fund inflows and outflows [3]

Core Points - The Shanghai Composite Index closed at 3933.97 points, above the six-month moving average, with a gain of 1.32% [1] - The total trading volume of A-shares reached 26,718.18 billion yuan, with 174 A-shares breaking through the six-month moving average [1] Summary by Category Market Performance - The Shanghai Composite Index increased by 1.32%, closing above the six-month moving average at 3933.97 points [1] - A total trading volume of 26,718.18 billion yuan was recorded for A-shares [1] Individual Stock Performance - Notable stocks that broke through the six-month moving average include: - Zhongya Co., with a price increase of 19.97% and a deviation rate of 14.85% [1] - Zhongzhou Special Materials, with a price increase of 19.99% and a deviation rate of 14.75% [1] - Changhong Technology, with a price increase of 11.65% and a deviation rate of 10.37% [1] - Other stocks with smaller deviation rates that just crossed the six-month line include: - China Electric Environmental Protection, Xiamen Port Authority, and Qianhe Flavoring [1]