争光股份（301092.SZ）11月6日在投资者互动平台表示，荆门项目目前正在抓紧建设当中，项目设备安 装大部分已完成，预计年底开始调试；公司销售部门针对湖北荆门项目的即将投产，已经加大市场拓展 和销售力度，为消化产能做好铺垫工作。 每经AI快讯，有投资者在投资者互动平台提问：湖北荆门3.9万吨的新产能在今年年底前能否如期投 产？明年大概什么时间节点产出能够达到设计产能？到产品销售有没有问题？ （记者 王晓波） ...

Group 1 - The company, ZHENGGUANG Co., stated that as of October 31, 2025, the number of shareholders is 10,664 [2]

Core Viewpoint - The company, Zhenguang Co., Ltd. (301092.SZ), has announced a share buyback program, successfully repurchasing a total of 10,573,400 shares, which represents 1.7812% of its current total share capital [1] Summary by Relevant Sections - **Share Buyback Details** - The repurchase was conducted through a special securities account via centralized bidding [1] - The highest transaction price was 5.71 CNY per share, while the lowest was 4.59 CNY per share [1] - The total amount spent on the buyback was 56,110,096.00 CNY, excluding transaction fees [1] - **Compliance and Regulations** - The buyback aligns with the company's share repurchase plan and complies with relevant laws and regulations [1]

证券代码：301092 证券简称：争光股份 公告编号：2025-052 浙江争光实业股份有限公司 除上述变更事项外，公司注册地址、投资者咨询电话、传真号码、 电子邮箱、公司网址等其他联系方式均保持不变，敬请广大投资者关 注，由此带来的不便，敬请谅解。 特此公告。 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 浙江争光实业股份有限公司（以下简称"公司"）因经营发展需 要，公司总部近日已搬迁至新办公地址，为便于投资者与公司沟通交 流，做好投资者关系管理工作，现将公司办公地址变更的具体情况公 告如下： | 办公地址 | 浙江省杭州市临平区南苑街道 | | | 浙江省杭州市临平经济技术开 | | --- | --- | --- | --- | --- | | 变更事项 | 世纪大道 1 号美亚大厦 16 楼 | 变更前 | 发区羽书街 | 变更后 1 号 | 公司对外披露的办公地址、董事会秘书和证券事务代表联系地址、 信息披露文件备置地点同步变更。 关于公司办公地址变更的公告 浙江争光实业股份有限公司董事会 2025 年 11 月 3 日 ...

Core Viewpoint - Zhangguang Co., Ltd. is a leading enterprise in the ion exchange and adsorption resin industry in China, with a focus on research, production, and sales, and has been actively involved in drafting national and industry standards [1] Group 1: Business Performance - In Q3 2025, Zhangguang's revenue was 485 million yuan, ranking 11th among 14 companies in the industry, while the industry leader, Shengquan Group, reported revenue of 8.072 billion yuan [2] - The net profit for the same period was 79.07 million yuan, placing the company 5th in the industry, with Shengquan Group leading at 782 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhangguang's debt-to-asset ratio was 12.73%, an increase from 10.79% year-on-year, significantly lower than the industry average of 33.32% [3] - The company's gross profit margin was 29.32%, slightly down from 29.77% year-on-year, but still above the industry average of 20.81% [3] Group 3: Leadership and Shareholder Information - The chairman, Shen Jianhua, received a salary of 1.0892 million yuan in 2024, a slight decrease from 1.0897 million yuan in 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 1.20% to 10,000, with an average holding of 6,058.98 shares, down by 1.26% [5] Group 4: Future Prospects - The company is set to launch the Jingmen project, which has a total investment of 1 billion yuan and a planned total capacity of 54,880 tons per year, with the first phase expected to produce 39,000 tons annually by the second half of 2025 [5] - Zhangguang is positioned to benefit from domestic substitution in the electronics and nuclear industries, being the first in its sector to obtain nuclear power qualifications [5] - Forecasts for net profit from 2025 to 2027 are 117 million, 196 million, and 265 million yuan, respectively, with corresponding EPS of 0.87, 1.46, and 1.98 yuan per share [5]

Market Overview - The A-share market showed mixed performance in October, with the Shanghai Composite Index rising by 2.7% while the Sci-Tech Innovation 50 Index fell by 1.6% [1][8] - The Hong Kong stock market experienced a pullback, with major indices such as the Hang Seng Index and Hang Seng Technology Index declining by 1.9% and 5.8% respectively [1][11] A-share Insights - The market is expected to maintain a strong performance due to multiple favorable factors, including the approval of the 15th Five-Year Plan by the Communist Party and anticipated interest rate cuts by the Federal Reserve [2][15] - The focus for mid-term investments should be on the TMT (Technology, Media, and Telecommunications) and advanced manufacturing sectors, while high-dividend and consumer sectors may be considered if market volatility increases [2][20] Hong Kong Insights - The Hong Kong market is likely to continue its upward trend amidst the Federal Reserve's interest rate cuts, with a focus on a "barbell" strategy that includes technology growth and high-dividend stocks [3][22] - Key sectors to watch include self-sufficient technology, chips, and high-end manufacturing, as well as stable dividend-paying sectors like telecommunications and utilities [3][22] Stock Recommendations - The A-share stock selection for November includes: Sunlord Electronics, Aolai Technology, Zhongji Xuchuang, Hangcha Group, Sany Heavy Industry, Zhengguang Co., Haier Smart Home, China Petroleum, Zijin Mining, and Shanghai Lingang [3][24] - The Hong Kong stock selection for November includes: New China Life Insurance, China Life Insurance, Tencent Holdings, SMIC, and Hua Hong Semiconductor [3][28]

Group 1 - A new company, Ningbo Zhengguang Biotechnology Co., Ltd., has been established with a registered capital of 10 million yuan [1] - The business scope of the company includes manufacturing and sales of bio-based materials, sales of synthetic materials, and sales of instruments and meters [1] - The company is jointly held by Zhengguang Co., Ltd. (301092) and other shareholders [1]

Core Insights - The company reported a total revenue of 485 million yuan and a net profit attributable to shareholders of 79.07 million yuan for Q3 2025 [1] - The operating cash flow showed a net inflow of 89.23 million yuan [1] Financial Performance - The latest asset-liability ratio stands at 12.73%, which is an increase of 0.52 percentage points from the previous quarter and an increase of 1.93 percentage points year-on-year [3] - The gross profit margin is reported at 29.32%, reflecting a decrease of 0.45 percentage points compared to the same period last year [3] - The return on equity (ROE) is at 4.08%, down by 0.08 percentage points year-on-year [3] - The diluted earnings per share (EPS) is 0.59 yuan [3] Efficiency Metrics - The total asset turnover ratio is 0.22 times [4] - The inventory turnover ratio is 2.32 times, which is a decrease of 0.06 times compared to the same period last year, representing a year-on-year decline of 2.36% [4] Shareholder Structure - The number of shareholders is 10,000, with the top ten shareholders holding a total of 99.32 million shares, accounting for 73.83% of the total share capital [4] - The largest shareholder is Shen Jianhua, holding 51.6 million shares [4]

Group 1 - The core point of the article is that Zhangguang Co., Ltd. (301092.SZ) reported an increase in institutional holdings in its third-quarter report for 2025, with a total of 1.42% of its shares held by six institutional investors as of October 27, 2025 [1] - The total number of shares held by institutional investors reached 1.9047 million, reflecting a rise of 0.39 percentage points compared to the previous quarter [1] - Among public funds, only one fund, Southern Zhihong Mixed A, increased its holdings, accounting for a 0.22% increase [1] Group 2 - A total of 20 public funds that were previously disclosed did not report their holdings this quarter, including notable funds such as Nuon Anlixin Flexible Allocation Mixed A and Jianxin New Materials Selected Stocks Initiated A [1]

Core Viewpoint - The company reported a revenue of 485 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 16.35% [1] - The net profit attributable to shareholders reached 79.07 million yuan, with a year-on-year increase of 2.23% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 73.95 million yuan, showing a year-on-year growth of 16.47% [1] - The basic earnings per share stood at 0.59 yuan [1] Financial Performance - Revenue for the first three quarters: 485 million yuan, up 16.35% year-on-year [1] - Net profit attributable to shareholders: 79.07 million yuan, up 2.23% year-on-year [1] - Net profit after deducting non-recurring gains and losses: 73.95 million yuan, up 16.47% year-on-year [1] - Basic earnings per share: 0.59 yuan [1]