Core Viewpoint - Qiaoyuan Co., Ltd. expects a significant increase in net profit for the year 2025, projecting a growth of 51.51% to 71.62% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of 226 million to 256 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 215 million and 245 million yuan, reflecting a year-on-year increase of 49.80% to 70.71% [1] Growth Drivers - The primary reasons for the performance growth include: 1. Expansion of gas business scale, leading to increased production and sales, which boosts revenue [1] 2. Reduction in electricity costs, resulting in improved gross margins [1] 3. A significant impairment loss on long-term assets recorded in the same period last year, which is not expected to recur [1] - The impact of non-recurring gains and losses on net profit is estimated to be approximately 11 million yuan [1]

Group 1 - The company expects a net profit attributable to shareholders of 226 million to 256 million yuan in 2025, representing a year-on-year growth of 51.51% to 71.62% [1] - The main reasons for the profit growth include the expansion of gas business scale, increased production and sales volume, revenue growth, reduced electricity costs, and improved gross margin [1] - The company reported a significant impairment loss on long-term assets in the same period last year, which contributed to the improved performance this year [1] Group 2 - The estimated impact of non-recurring gains and losses on net profit is approximately 11 million yuan [1]

Core Viewpoint - Qiaoyuan Co., Ltd. (301286) expects a net profit of 226 million to 256 million yuan for 2025, representing a year-on-year growth of 51.51% to 71.62% [1] Group 1: Business Performance - The gas business is expanding, leading to increased production capacity and sales volume, which contributes to revenue growth [1] - The reduction in electricity costs has resulted in an improvement in gross profit margin [1] - The previous year saw significant impairment losses on long-term assets, which impacted the financial results [1]

证券代码：301286 证券简称：侨源股份 公告编号：2026-002 四川侨源气体股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 单位：万元 | 项 目 | | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 | | 22,600 | ～ | 25,600 | | | 东的净利润 | 比上年同期 | 51.51% | ～ | 71.62% | 14,916.56 | | | 增长 | | | | | | 扣除非经常性损益 | | 21,500 | ～ | 24,500 | | | 后的净利润 | 比上年同期 | 49.80% | ～ | 70.71% | 14,352.23 | | | 增长 | | | | | 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务所审计。公 司已就业绩预告有 ...

Group 1 - The core viewpoint of the article is the release of the first "2025 Hurun China Unicorn Graduation List," which identifies 796 companies valued over $1 billion that have gone public since 2000, with 18 companies from Chengdu making the list, ranking seventh nationally [1] Group 2 - The 18 Chengdu companies listed include: Xinyi Sheng, Kelun Botai Biotech, AVIC Drone, Chengdu Huamei, Jiachitech, Dekang Agriculture, Huatu Shanding, Chabaidao, Leidian Weili, Tianwei Food, Qiaoyuan Co., Kangnuo Ya, Zhenxin Technology, Fusenmei, Bomei, XGIMI Technology, Hongqi Chain, and Tianli International Holdings [1] - The listed unicorns are distributed across 126 cities in China, with a total value of 24 trillion yuan, and an average age of 19 years, which is 9 years older than those on the 2025 Hurun Global Unicorn List [1] Group 3 - The top five industries with the most companies on the list are semiconductors, industrial equipment, biotechnology, new energy, and software services, accounting for 46% of the total [1] - The highest valued industries among the listed companies are semiconductors, new energy, industrial equipment, consumer electronics, and biotechnology [1]

Group 1 - The 2025 Hurun China Unicorn Graduation List identifies 796 companies that have graduated as unicorns, valued at over $1 billion, established after 2000 [1][3] - Chengdu ranks seventh in the number of listed companies, with 18 enterprises making the list [1][4] - The total value of these unicorn graduates across China reaches 24 trillion RMB, with an average establishment year of 2006 and an average age of 19 years [2][3] Group 2 - The top five industries by the number of listed companies are semiconductors, industrial equipment, biotechnology, new energy, and software services, accounting for 46% of the total [3] - The highest valued industries are semiconductors, new energy, industrial equipment, consumer electronics, and biotechnology [3] - Among the 796 unicorn graduates, 33 companies are valued over 100 billion RMB, with 3 exceeding 1 trillion RMB [3][4] Group 3 - Chengdu's notable companies include: - Xinyi Technology (New Easy Win) ranked 44th with a valuation of 82 billion RMB in telecommunications [2][5] - Kelong Botai Biotechnology ranked 55th with a valuation of 11 billion RMB in biotechnology [2][5] - Zhonghang Unmanned Aerial Vehicle ranked 149th with a valuation of 30 billion RMB in robotics [2][5] - Chengdu Huami and Jiachitech both ranked 236th with valuations of 21 billion RMB in semiconductors and new materials respectively [2][5] - Other notable companies include Dekang Agriculture Technology, Huatuo Shanding, and Tea Hundred Road, with valuations ranging from 13 billion to 19 billion RMB [2][5]

Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index at 4104.22 points, down 0.20% and trading below the five-day moving average, while the total trading volume is 25,230.04 billion yuan [1]. Group 1: Market Performance - As of 1:59 PM, the Shanghai Composite Index is at 4104.22 points, reflecting a decrease of 0.20% [1]. - The total trading volume in the A-share market is reported at 25,230.04 billion yuan [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 778 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Tianyue Advanced (乖离率 15.31%) with a price increase of 20.00% [1]. - Fusa Technology (乖离率 15.11%) also increased by 20.00% [1]. - Huning Co. (乖离率 15.00%) with a 20.00% rise [1]. - Other stocks with smaller deviation rates include: - Weibohydraulic, Jinyinhe, and Ecovacs, which have just crossed the five-day moving average [1].

Market Overview - The chemical products sector experienced a decline of 0.55% on January 14, with Chenghe Technology leading the losses [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index rose to 14248.6, up 0.56% [1] Top Gainers in Chemical Sector - Qicai Chemical (300758) saw a significant increase of 20.01%, closing at 16.85 with a trading volume of 524,100 shares and a turnover of 832 million [1] - Changhua Chemical (301518) rose by 12.77%, closing at 44.60 with a trading volume of 124,200 shares and a turnover of 519 million [1] - Demei Chemical (002054) increased by 9.99%, closing at 8.81 with a trading volume of 420,300 shares and a turnover of 360 million [1] Top Losers in Chemical Sector - Chenghe Technology (688625) declined by 5.79%, closing at 58.71 with a trading volume of 88,500 shares and a turnover of 525 million [2] - Duofuduo (002407) fell by 4.31%, closing at 31.55 with a trading volume of 1,265,100 shares and a turnover of 404.6 million [2] - Kaisa Bio (688065) decreased by 3.97%, closing at 59.77 with a trading volume of 158,000 shares and a turnover of 965 million [2] Capital Flow Analysis - The chemical products sector experienced a net outflow of 1.757 billion from institutional investors, while retail investors saw a net inflow of 1.333 billion [2] - The top stocks with significant net inflows from retail investors include Qicai Chemical (300758) with a net inflow of 256 million [3] - Demei Chemical (002054) also had a notable net inflow of 108 million from retail investors [3]

Market Overview - The chemical products sector experienced a decline of 0.29% on January 13, with Qiaoyuan Co. leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Top Performers - Huaheng Biological (688639) saw a significant increase of 13.79%, closing at 41.34 with a trading volume of 419,600 shares and a transaction value of 1.721 billion [1] - Chenghe Technology (688625) rose by 12.29%, closing at 62.32 with a trading volume of 109,000 shares and a transaction value of 672 million [1] - Kaisa Biological (688065) increased by 12.14%, closing at 62.24 with a trading volume of 177,800 shares [1] Underperformers - Qiaoyuan Co. (301286) fell by 8.67%, closing at 47.41 with a trading volume of 53,000 shares and a transaction value of 258 million [2] - Hangqing Co. (002430) decreased by 6.99%, closing at 32.06 with a trading volume of 311,600 shares [2] - Taihe Technology (300801) dropped by 6.72%, closing at 30.39 with a trading volume of 173,200 shares [2] Capital Flow - The chemical products sector saw a net outflow of 642 million from institutional investors and 357 million from retail investors, while retail investors had a net inflow of 999 million [2] - The capital flow data indicates a mixed sentiment among different investor types within the sector [2] Individual Stock Capital Flow - Duoliangduo (002407) had a net inflow of 224 million from institutional investors, while it experienced a net outflow of 1.09 billion from retail investors [3] - Wanhu Chemical (600309) saw a net inflow of 189 million from institutional investors, with a net outflow of 76.596 million from retail investors [3] - Yahua Group (002497) had a net inflow of 154 million from institutional investors, while retail investors experienced a net outflow of 17.488 million [3]

Group 1 - The chemical products sector increased by 0.51% on January 12, with Qiaoyuan Co. leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Notable gainers in the chemical products sector included Qiaoyuan Co. with a closing price of 51.91, up 11.66%, and Titan Technology with a closing price of 28.48, up 11.08% [1] Group 2 - The chemical products sector experienced a net outflow of 1.905 billion yuan from institutional funds, while retail investors saw a net inflow of 1.202 billion yuan [2] - The top stocks by net inflow from retail investors included Qiaoyuan Co. and Titan Technology, while major outflows were observed in stocks like Demy Chemical [2][3] - The trading volume for Qiaoyuan Co. reached 61,300 hands with a transaction value of 319 million yuan, indicating strong market interest [1]