Core Insights - Shenzhen's cross-border e-commerce is positioned as a significant player in China's foreign trade transformation, with a projected GMV of 1 trillion RMB by 2025, up from 900 billion RMB in 2024 [2] - The city hosts 120,000 sellers and 100,000 service providers, representing a substantial portion of the national market, and is recognized as a "super hub" for cross-border e-commerce [3] - The shift from "product export" to "brand export" and now to "ecosystem export" illustrates Shenzhen's evolution in global trade [8] Group 1: Industry Growth and Performance - Shenzhen's cross-border e-commerce has established a "sunshine" regulatory service model, leading to a continuous top ranking in import and export scale for four consecutive years [3] - Notable companies like Anker Innovations and Ugreen Technology have reported significant revenue growth, with Anker achieving a revenue of 21.02 billion RMB in the first three quarters of 2025, a 27.79% increase year-on-year [3][4] - Ugreen Technology also demonstrated strong performance with a revenue of 6.364 billion RMB, reflecting a 47.80% year-on-year growth [5] Group 2: Emerging Brands and Market Dynamics - A new wave of "dark horse" sellers has emerged, with companies achieving annual sales of over 1 billion RMB in niche markets, contributing to the diversity of Shenzhen's cross-border e-commerce landscape [5] - The collaboration between cross-border e-commerce and traditional manufacturing is driving digital transformation and brand development, exemplified by companies like Saiwei Times, which has launched over 70 self-owned brands [6] Group 3: Policy Support and Future Directions - The Shenzhen government has implemented policies to support independent brand development, offering financial incentives for companies to establish their own platforms [9] - The transition to "ecosystem export" is characterized by companies integrating supply chains and retail, enhancing their global competitiveness [9] - Experts predict that Shenzhen's cross-border e-commerce will evolve from merely selling products to offering standards, models, and comprehensive outputs of technology and management [9]

Market Overview - On December 30, the motorcycle and other sectors experienced a decline of 0.25% compared to the previous trading day, with Xilong Health leading the drop [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] Stock Performance - Notable gainers in the motorcycle and other sectors included: - Zhenghe Industrial (003033) with a closing price of 76.55, up 4.48% and a trading volume of 80,900 shares, totaling 616 million yuan [1] - Zhang (603766) closed at 15.85, up 1.67% with a trading volume of 190,400 shares, totaling 302 million yuan [1] - Conversely, Xilong Health (002105) led the declines with a closing price of 7.37, down 1.99% and a trading volume of 146,700 shares, totaling 109 million yuan [2] Capital Flow - The motorcycle and other sectors saw a net outflow of 79.19 million yuan from institutional investors, while retail investors contributed a net inflow of 71.26 million yuan [2] - The detailed capital flow for selected stocks showed: - Taotao Automotive (301345) had a net inflow of 13.75 million yuan from institutional investors, but a net outflow of 33.80 million yuan from retail investors [3] - Zhenghe Industrial (003033) experienced a net inflow of 10.05 million yuan from institutional investors, with retail investors contributing a net inflow of 1.33 million yuan [3]

Market Performance - The motorcycle and other sectors increased by 0.2% compared to the previous trading day, with Zhenghe Industrial leading the gains [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Zhenghe Industrial (code: 003033) closed at 73.27, with a rise of 10.00% and a trading volume of 44,500 shares [1] - Qianhui Motorcycle (code: 000913) rose by 3.76% to close at 15.73, with a trading volume of 103,700 shares [1] - Huayang Jizhu (code: 920058) increased by 3.02% to 33.80, with a trading volume of 13,200 shares [1] - Qianli Technology (code: 601777) rose by 1.77% to 10.90, with a trading volume of 341,200 shares [1] - Chuncheng Power (code: 603129) increased by 0.86% to 280.72, with a trading volume of 9,876 shares [1] - Other notable stocks include Jiuyi Co. (code: 600689) down by 2.22% and Longxin General (code: 603766) down by 1.83% [3] Fund Flow Analysis - The motorcycle and other sectors experienced a net outflow of 69.04 million yuan from institutional funds and 60.62 million yuan from retail funds, while retail investors saw a net inflow of 130 million yuan [2] - Zhenghe Industrial had a net inflow of 28.22 million yuan from institutional funds, while Qianli Technology saw a net inflow of 23.77 million yuan [4] - The overall fund flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are increasing their positions [2][4]

兴业证券股份有限公司 关于广东绿通新能源电动车科技股份有限公司 2、关于资产减值 上市公司截至2025年9月30日的应收账款、存货等资产金额较大。保荐机构提示上市公 司关注2025年度资产减值情况，严格遵循相关会计准则的要求，对可能发生减值损失的资 产充分计提减值准备。 3、关于募投项目 2025 年度定期现场检查报告 | 保荐人名称：兴业证券股份有限公司 | 被保荐公司简称：绿通科技 | | | | | --- | --- | --- | --- | --- | | 保荐代表人姓名：张华辉 | 联系电话：020-83637785 | | | | | 保荐代表人姓名：高颖 | 联系电话：020-83637785 | | | | | 现场检查人员姓名：张华辉、吕鹏飞 | | | | | | 现场检查对应期间：2025年度 | | | | | | 现场检查时间：2025年12月11-12日 | | | | | | 一、现场检查事项 现场检查意见 | | | | | | （一）公司治理 | | 是 | 否 | 不适用 | | 现场检查手段： | | | | | | （1）查看公司章程及现行公司治理制度； | | | ...

兴业证券股份有限公司 关于广东绿通新能源电动车科技股份有限公司 2025 年持续督导培训情况报告 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》的相 关规定，保荐机构兴业证券股份有限公司于 2025 年 12 月 11 日对广东绿通新能 源电动车科技股份有限公司（以下简称"公司"）的控股股东和实际控制人、董事、 高级管理人员、中层以上管理人员进行了专门培训，本次培训的具体情况如下： 一、培训基本情况 1、培训时间：2025 年 12 月 11 日 2、培训地点：广东绿通新能源电动车科技股份有限公司会议室 3、授课人员：张华辉 4、参加培训人员：公司控股股东和实际控制人、董事、高级管理人员、中 层以上管理人员 5、培训主题：募集资金新规与监管案例分享 通过此次培训，公司控股股东和实际控制人、董事、高级管理人员、中层以 上管理人员加强了对规范管理、使用募集资金的认识。此次培训有助于进一步提 升公司的规范运作水平，本次培训达到了预期的目标，取得了良好的效果。 （以下无正文） （本页无正文，为《兴业证券股份有限公司关于广东绿通新能源电动车科技 股份有限公司 2025 年持续督导培训情况报告》之签字 ...

Market Overview - On December 25, the motorcycle and other sectors rose by 1.02% compared to the previous trading day, with Zhenghe Industrial leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Stock Performance - Zhenghe Industrial (code: 003033) closed at 69.69, with a gain of 4.56% and a trading volume of 34,600 shares, amounting to a transaction value of 239 million yuan [1] - Other notable performers included: - Lvtong Technology (code: 301322) at 28.10, up 2.26% [1] - Jiangui General (code: 603766) at 15.74, up 2.08% [1] - Xinlong Health (code: 002105) at 7.86, up 1.95% [1] Capital Flow - The motorcycle and other sectors experienced a net outflow of 55.78 million yuan from institutional investors, while retail investors saw a net inflow of 80.48 million yuan [2] - The capital flow for specific stocks showed: - Zhenghe Industrial had a net inflow of 13.02 million yuan from institutional investors [3] - Jiangui General saw a net outflow of 44.15 million yuan from speculative funds [3] - Xinlong Health had a net inflow of 7.28 million yuan from retail investors [3]

Core Insights - The motorcycle and other sectors experienced a slight increase of 0.0% on December 24, with Qianli Technology leading the gains [1] - The Shanghai Composite Index closed at 3940.95, up 0.53%, while the Shenzhen Component Index closed at 13486.42, up 0.88% [1] Sector Performance - Qianli Technology (601777) closed at 10.66, with a rise of 2.50% and a trading volume of 254,600 shares, amounting to a transaction value of 269 million yuan [1] - New Day Co., Ltd. (603787) saw a closing price of 13.19, increasing by 2.25% with a trading volume of 33,700 shares, resulting in a transaction value of 44.19 million yuan [1] - Xilong Health (002105) closed at 7.71, up 1.18%, with a trading volume of 171,200 shares and a transaction value of 131 million yuan [1] - Other notable performers included Lvtong Technology (301322) and Jiuqi Co., Ltd. (300994), with increases of 1.14% and 0.96% respectively [1] Fund Flow Analysis - The motorcycle and other sectors experienced a net outflow of 134 million yuan from main funds, while retail investors saw a net inflow of 142 million yuan [2] - The detailed fund flow for specific stocks showed that Linhai Co., Ltd. (600099) had a net inflow of 599,700 yuan from main funds, while Zhenhe Industry (003033) had a net outflow of 224,200 yuan [3] - Notably, Taotao Industry (301345) experienced a significant net outflow of 3.33 million yuan from main funds [3]

证券日报网讯12月22日，绿通科技（301322）在互动平台回答投资者提问时表示，大摩半导体的自研设 备暂未形成收入，相关存货主要是其采购的量检测退役设备以及相关备件；新增预付款主要系大摩半导 体为采购量检测退役设备支付的预付款项；大摩半导体的业务以设备销售收入为主，合同负债以设备相 关合同负债为主；根据客户的不同，合同预付款一般约定在10%-50%比例不等。 ...

本次投资合作方中，广州创钰投资管理有限公司、广州创钰铭瑞创业投资合 伙企业（有限合伙）、广州创钰铭芯创业投资合伙企业（有限合伙）、广州创钰 铭璟创业投资合伙企业（有限合伙）为专业投资机构，绿通产业基金与专业投资 机构共同投资设立的合伙企业创钰芯成和创钰智芯（以下合称"持股平台"）仅 作为持股平台设立和存续，通过与全芯智造技术股份有限公司（以下简称"标的 公司"）原股东的股权转让交易使持股平台的有限合伙人间接持有标的公司的股 权 。 本 次 投 资 的 具 体 内 容 详 见 公 司 于 2025 年 9 月 12 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于广东绿通产业投资基金合伙企业（有限合伙） 与专业投资机构共同投资暨关联交易的公告》（公告编号：2025-081）。 证券代码：301322 证券简称：绿通科技 公告编号：2025-099 广东绿通新能源电动车科技股份有限公司 关于广东绿通产业投资基金合伙企业（有限合伙）与专业投 资机构共同投资暨关联交易的进展公告 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。 2025 年 ...

Summary of Key Points Core Viewpoint - As of December 18, the margin financing and securities lending balance in the Shanghai and Shenzhen markets decreased to 24,916.5 billion yuan, reflecting a reduction of 34.69 billion yuan from the previous trading day [1]. Group 1: Market Overview - The financing balance stands at 24,748.41 billion yuan, down by 33.13 billion yuan compared to the previous trading day [1]. - The Shanghai market's margin balance is 12,666.44 billion yuan, decreasing by 43.7 billion yuan, while the Shenzhen market's balance is 12,250.06 billion yuan, increasing by 9.01 billion yuan [1]. Group 2: Stock Performance - A total of 1,604 stocks experienced net buying of margin funds, with 60 stocks having net buying amounts exceeding 10% of their total trading volume [3]. - The top three stocks by net buying ratio are: - Hotway Co., Ltd. (24.35%) - Xinhongye (23.16%) - Saitex New Materials (23.13%) [4][5]. Group 3: Significant Net Buying Stocks - There are 29 stocks with net buying amounts exceeding 100 million yuan, with the top three being: - Xinyi Sheng (609 million yuan) - China Ping An (516 million yuan) - China Satellite (278 million yuan) [7].