Market Overview - The communication services sector increased by 0.23% on November 6, with Century Hengtong leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Communication Services - Century Hengtong (301428) closed at 36.15, up 2.52% with a trading volume of 49,400 shares and a turnover of 176 million yuan [1] - Data Port (603881) closed at 31.79, up 1.50% with a trading volume of 163,300 shares and a turnover of 517 million yuan [1] - Super Communication (603322) closed at 47.07, up 1.36% with a trading volume of 91,400 shares and a turnover of 428 million yuan [1] Top Losers in Communication Services - Zhongfutong (300560) closed at 14.56, down 3.83% with a trading volume of 233,400 shares and a turnover of 341 million yuan [2] - Hengxin Oriental (300081) closed at 5.51, down 2.48% with a trading volume of 301,000 shares and a turnover of 166 million yuan [2] - Lian Technology (300603) closed at 10.71, down 1.47% with a trading volume of 111,700 shares and a turnover of 12 million yuan [2] Capital Flow Analysis - The communication services sector experienced a net outflow of 255 million yuan from institutional investors, while retail investors saw a net inflow of 267 million yuan [2] - Major stocks like China Telecom (601728) had a net inflow of 24.02 million yuan from institutional investors, but a net outflow of 63.54 million yuan from speculative funds [3] - Century Hengtong (301428) saw a net inflow of 14.68 million yuan from institutional investors, while retail investors had a net outflow of 16.96 million yuan [3]

Company Overview - Century Hengtong Technology Co., Ltd. was established on June 21, 2006, and listed on the Shenzhen Stock Exchange on May 19, 2023. The company is a leading digital life information service provider in China, driven by technological innovation, offering diversified value-added services to large enterprise clients [1] Business Performance - As of Q3 2025, Century Hengtong reported revenue of 795 million yuan, ranking 10th in the industry out of 17 companies. The industry leader, Guanghuan Xinnet, generated revenue of 5.479 billion yuan, while the second, Runze Technology, reported 3.977 billion yuan. The industry average revenue was 1.565 billion yuan, with a median of 852 million yuan [2] - The main business segments include: - Vehicle owner information services: 203 million yuan (37.64%) - Life information services: 196 million yuan (36.21%) - Business process services: 141 million yuan (26.05%) - Other services: 524,600 yuan (0.10%) [2] - The net profit for the same period was 44.91 million yuan, ranking 8th in the industry. The industry leader, Runze Technology, achieved a net profit of 4.7 billion yuan, while the second, Aofei Data, reported 167 million yuan. The industry average net profit was 317 million yuan, with a median of 31.803 million yuan [2] Financial Ratios - As of Q3 2025, Century Hengtong's debt-to-asset ratio was 53.47%, higher than the industry average of 43.57%, and up from 40.13% in the same period last year [3] - The company's gross profit margin was 26.48%, exceeding the industry average of 23.57% and slightly up from 23.50% in the previous year [3] Executive Compensation - Chairman Yang Xinghai received a salary of 907,200 yuan in 2024, an increase of 393,700 yuan from 2023. He has been the chairman since June 2014 [4] - General Manager Yang Xingrong's salary for 2024 was 803,700 yuan, a slight increase from 801,200 yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.29% to 16,100, with an average of 3,800.56 circulating A-shares held per shareholder, a decrease of 2.24% from the previous period [5]

Core Insights - Century Hengtong (301428.SZ) reported its Q3 2025 results on October 29, 2025, highlighting a total of 6 institutional investors holding shares, amounting to 7.10% of the total share capital [1] Institutional Holdings - The total number of shares held by institutional investors reached 701.02 million, representing a decrease of 4.41 percentage points compared to the previous quarter [1] - The institutional investors include Shenzhen Rongyan Innovation Equity Investment Partnership, Beijing Junsheng Taishi Equity Investment Center, and others [1] Public Fund Holdings - In this period, 27 public funds were disclosed, including Southern CSI Computer ETF, Southern CSI 2000 ETF, and Tianzhi China Manufacturing 2025 Mixed Fund [1]

Core Viewpoint - The company, Century Hengtong (301428), has appointed Ms. Gao Li as the representative for securities affairs, as approved by the board of directors [1]. Group 1 - The board of directors has agreed to the appointment of Ms. Gao Li [1].

Core Viewpoint - Century Hengtong (301428.SZ) reported a decline in both revenue and net profit for the first three quarters of the year, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters was 790 million yuan, a year-on-year decrease of 14.23% [1] - The net profit attributable to shareholders was 47.62 million yuan, down 27.46% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.18 million yuan, reflecting a significant decline of 40.59% year-on-year [1]

Core Insights - Century Hengtong reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 795 million yuan, down 14.23% year-on-year, and net profit at 47.62 million yuan, down 27.46% [1][2] Financial Performance - The company achieved a basic earnings per share of 0.48 yuan and a weighted average return on equity of 3.80% [2] - The price-to-earnings ratio (TTM) is approximately 62.04, the price-to-book ratio (LF) is about 2.80, and the price-to-sales ratio (TTM) is around 3.10 [2] - Gross margin for the first three quarters was 26.48%, an increase of 2.98 percentage points year-on-year, while net margin was 5.65%, a decrease of 1.31 percentage points [2] - In Q3 2025, the gross margin was 27.88%, up 2.60 percentage points year-on-year and 1.78 percentage points quarter-on-quarter, while the net margin was 3.90%, down 3.51 percentage points year-on-year and 3.64 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for Q3 2025 were 159 million yuan, an increase of 10.99 million yuan year-on-year, with an expense ratio of 20.05%, up 4.04 percentage points year-on-year [2] - Breakdown of expenses: sales expenses increased by 0.41%, management expenses by 6.17%, R&D expenses by 3.79%, and financial expenses by 53.09% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 16,100, a decrease of 2,426 (13.09%) from the end of the first half of the year [2] - The average market value per shareholder increased from 220,800 yuan to 234,200 yuan, a growth of 6.05% [2] Company Overview - Century Hengtong, established on June 21, 2006, and listed on May 19, 2023, is located in Guiyang, Guizhou Province [3] - The company provides value-added services to large enterprise clients, including financial institutions, telecom operators, and internet companies [3] - Revenue composition: 37.64% from vehicle owner information services, 36.21% from life information services, and 26.05% from business process services [3] - The company belongs to the communication services sector, specifically in communication application value-added services [3]

证券代码：301428 证券简称：世纪恒通 公告编号：2025-058 世纪恒通科技股份有限公司 关于股东部分股份解除质押及质押的公告 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、误导性陈述或者重大遗漏。 世纪恒通科技股份有限公司（以下简称"公司"或"本公司"）近日收到股 东深圳市熔岩创新股权投资合伙企业（有限合伙）（以下简称"熔岩创新"）的 通知，获悉其所持有本公司的部分股份办理了解除质押及质押手续。股东熔岩创 新、深圳市熔岩稳健股权投资合伙企业（有限合伙）、达孜熔岩投资管理有限公 司-平潭熔岩新浪潮股权投资合伙企业（有限合伙）、深圳市熔岩新机遇私募股 权基金合伙企业（有限合伙）、深圳市熔岩投资管理有限公司-深圳市熔岩新时 代股权投资合伙企业（有限合伙）、深圳市东方熔岩私募股权基金合伙企业（有 限合伙）系一致行动人，其私募基金管理人分别为深圳市熔岩投资管理有限公司、 达孜熔岩投资管理有限公司，达孜熔岩投资管理有限公司为深圳市熔岩投资管理 有限公司的全资子公司。本次股东部分股份解除质押及质押的具体事项如下： | 股东名称 | 是否为控股 股东或第一 大股东及其 | | 本次解除质 ...

证券代码：301428 证券简称：世纪恒通 公告编号：2025-061 世纪恒通科技股份有限公司 关于聘任证券事务代表的公告 特此公告。 世纪恒通科技股份有限公司董事会 世纪恒通科技股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开 第四届董事会第十八次会议，审议通过了《关于聘任证券事务代表的议案》，公 司董事会同意聘任郜丽女士为公司证券事务代表，协助董事会秘书履行职责，任 期自本次董事会审议通过之日起至第四届董事会届满之日止。 郜丽女士具备履行职责所必需的专业能力，具有良好的职业道德，已取得深 圳证券交易所颁发的董事会秘书培训证明，其任职资格符合《深圳证券交易所创 业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上 市公司规范运作》及《公司章程》等有关规定，郜丽女士简历详见附件。 证券事务代表联系方式如下： 联系地址：广东省深圳市南山区粤海街道大冲一路华润置地大厦 E 座 联系电话：0755-26998161 联系传真：0851-86815065 电子邮箱：sjhtzqb@sjht.com 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 ...

证券代码：301428 证券简称：世纪恒通 公告编号：2025-060 世纪恒通科技股份有限公司 关于 2025 年前三季度计提信用减值准备的公告 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、误导性陈述或者重大遗漏。 世纪恒通科技股份有限公司（以下简称"公司"）于2025年10月28日召开第四 届董事会第十八次会议、第四届监事会第十六次会议，审议通过了《关于2025 年前三季度计提信用减值准备的议案》。根据《深圳证券交易所创业板股票上市 规则》《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范 运作》等相关法律法规的规定，现将相关情况公告如下： 一、本次计提信用减值准备情况概述 （一）本次计提信用减值准备的原因 （1）应收票据按照信用风险特征组合计提坏账准备的组合类别及确定依据 如下： | 组合名称 | 确定组合的依据 | | 计量预期信用损失的方法 | | --- | --- | --- | --- | | 低风险银 | 承兑人为最近一年主体 | | 参考历史信用损失经验，结合当前状况以及对未 | | 行承兑汇 | 信用等级 A | 以上且评级 | 来经济状况的预 ...

经审核，监事会认为：公司《2025年第三季度报告》的编制和审议程序符合 法律、法规的规定，报告内容真实、准确、完整地反映了公司2025年第三季度的 实际经营情况，不存在虚假记载、误导性陈述或重大遗漏。 具体内容详见公司于2025年10月29日登载于《证券时报》《中国证券报》《上 海证券报》《证券日报》、经济参考网（http://www.jjckb.cn）和巨潮资讯网 （http://www.cninfo.com.cn）的《2025年第三季度报告》。 证券代码：301428 证券简称：世纪恒通 公告编号：2025-063 世纪恒通科技股份有限公司 第四届监事会第十六次会议决议公告 本公司及监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、误导性陈述或者重大遗漏。 一、会议召开情况 世纪恒通科技股份有限公司（以下简称"公司"）第四届监事会第十六次会议 于2025年10月28日在公司会议室以现场结合线上通讯表决方式召开，会议通知已 于2025年10月24日以电子邮件方式送达全体监事。本次会议应出席监事3人，实 际出席监事3人（其中，监事高列先生以通讯方式出席会议）。会议由监事会主 席胡海荣先生召集并 ...