Core Viewpoint - Changyou Technology (301557.SZ) plans to invest in a partnership to establish a venture capital fund focusing on the humanoid robotics industry and new materials and energy sectors [1] Investment Details - The total committed capital from all partners amounts to RMB 22 million, with the company contributing RMB 5 million, representing a 22.73% stake in the fund [1] - The fund will be managed by Zhirong Private Fund Management (Nanjing) Co., Ltd [1] Investment Focus - The fund will primarily invest in upstream and downstream enterprises related to the humanoid robotics industry chain and new materials and energy, aligning with national industrial policies [1] - Idle funds of the partnership may be used for purchasing government bonds and other legally compliant bank or securities financial products [1]

Core Viewpoint - Changyou Technology (301557.SZ) plans to invest in a partnership focused on the humanoid robot industry and new materials and energy sectors, with a total commitment of RMB 22 million [1] Investment Details - The company will contribute RMB 5 million, representing a 22.73% stake in the partnership [1] - The total capital commitment from all partners amounts to RMB 22 million [1] - The fund will be managed by Zhirong Private Fund Management (Nanjing) Co., Ltd [1] Investment Focus - The fund will primarily invest in unlisted companies within the humanoid robot industry chain and upstream and downstream enterprises related to new materials and energy [1] - Idle funds from the partnership may be used for purchasing government bonds and other legally compliant financial products [1]

Core Viewpoint - Changyou Technology (301557.SZ) plans to invest in a new venture capital partnership focused on the humanoid robot industry and new materials and energy sectors, with a total commitment of 22.73% from the company [1] Investment Details - The total subscribed capital for the partnership is 22 million yuan, with Changyou Technology contributing 5 million yuan [1] - The partnership will be established with several other limited partners, including Chen Liangliang, Zhao Dan, Zhao Gang, and Zhang Liang [1] - The fund will be managed by Zhirong Private Equity Fund Management (Nanjing) Co., Ltd [1] Investment Focus - The fund will primarily invest in unlisted companies within the humanoid robot industry chain and upstream and downstream enterprises related to new materials and energy, aligning with national industrial policies [1]

Core Viewpoint - The company plans to establish a venture capital partnership with professional investment institutions, contributing a total of RMB 22 million, with the company investing RMB 5 million, representing 22.73% of the total contribution [1] Group 1 - The total subscribed capital from all partners is RMB 22 million [1] - The company will contribute RMB 5 million in cash [1] - The fund manager is Zhirong Private Fund Management (Nanjing) Co., Ltd [1]

Core Viewpoint - Changyou Technology (301557.SZ) plans to invest in a new venture capital partnership focusing on the humanoid robot industry and new materials and energy sectors, with a total commitment of 22.73% from the company [1] Investment Details - The total subscribed capital for the partnership is 22 million yuan, with Changyou Technology contributing 5 million yuan [1] - The investment will be made in collaboration with professional investment institutions and other partners [1] Fund Management - The fund will be managed by Zhirong Private Equity Fund Management (Nanjing) Co., Ltd [1] - The partnership includes several other limited partners: Chen Liangliang, Zhao Dan, Zhao Gang, and Zhang Liang [1] Investment Focus - The fund will primarily invest in unlisted companies within the humanoid robot industry chain and upstream and downstream enterprises related to new materials and energy, aligning with national industrial policies [1]

证券代码：301557 证券简称：常友科技 公告编号：2025-057 江苏常友环保科技股份有限公司 关于公司与专业投资机构共同投资的公告 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、误导性陈述或重大遗漏。 一、与专业投资机构共同投资的概述 江苏常友环保科技股份有限公司（以下简称"公司"）拟以自有资金与专业 投资机构共同投资，公司作为有限合伙人与普通合伙人智融文在股权投资（常州） 有限公司及其他有限合伙人陈良良、赵旦、赵刚、张亮共同投资设立常州智融文 在赋诚创业投资合伙企业（有限合伙）（以下简称"合伙企业"或"基金"）， 出资方式均为货币出资。全体合伙人本次的认缴出资总额为人民币 2,200.00 万元， 公司拟以自有资金认缴出资人民币 500.00 万元，出资比例为 22.73%，基金管理 人为智融私募基金管理（南京）有限公司。 名称：智融私募基金管理（南京）有限公司 统一社会信用代码：91320105MA26CN717N 法定代表人：李宁 成立日期：2021 年 6 月 24 日 注册资本：1000 万元 1 企业类型：有限责任公司（自然人投资或控股） 注册地址：南京市建邺区 ...

Core Insights - The wind power equipment sector experienced a slight decline of 0.14% on November 19, with Zhonghuan Hailu leading the losses [1][2] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - Notable gainers in the wind power equipment sector included: - Changyou Technology (301557) with a closing price of 127.57, up 8.48% on a trading volume of 22,000 shares and a turnover of 269 million yuan [1] - Delijia (603092) closed at 69.35, up 4.73% with a trading volume of 75,000 shares and a turnover of 516 million yuan [1] - Feiwo Technology (301232) closed at 49.48, up 3.32% with a trading volume of 46,700 shares and a turnover of 233 million yuan [1] - Major decliners included: - Zhonghuan Hailu (301040) closed at 22.90, down 3.42% with a trading volume of 30,700 shares and a turnover of 70.84 million yuan [2] - Electric Wind Power (688660) closed at 15.86, down 3.41% with a trading volume of 218,800 shares [2] - Hongde Co., Ltd. (301163) closed at 28.87, down 3.28% with a trading volume of 14,300 shares [2] Capital Flow - The wind power equipment sector saw a net outflow of 280 million yuan from institutional investors, while retail investors contributed a net inflow of 234 million yuan [2][3] - Key stocks with significant capital flow included: - Zhongchuan Technology (600072) with a net inflow of 68.30 million yuan from institutional investors [3] - Jinfeng Technology (002202) with a net inflow of 30.83 million yuan from institutional investors [3] - Feiwo Technology (301232) with a net inflow of 26.27 million yuan from institutional investors [3]

Core Viewpoint - Changyou Technology experienced a stock price increase of 6.12% on November 17, with a trading volume of 227 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On November 17, Changyou Technology had a financing buy-in amount of 17.0073 million yuan, while the financing repayment was 23.4805 million yuan, resulting in a net financing outflow of 6.4732 million yuan [1]. - As of November 17, the total financing and securities lending balance for Changyou Technology was 94.4381 million yuan, which represents 7.25% of its circulating market value [1]. - There were no shares sold or repaid in the securities lending segment on November 17, with a remaining balance of 0 yuan [1]. Business Performance - For the period from January to September 2025, Changyou Technology reported a revenue of 822 million yuan and a net profit attributable to shareholders of 56.8956 million yuan, reflecting a year-on-year decrease of 19.96% [2]. - The company's main business revenue composition includes: 54.64% from wind turbine covers, 41.40% from lightweight sandwich materials, and 3.11% from other composite materials [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Changyou Technology was 6,704, a decrease of 22.71% from the previous period, while the average circulating shares per person increased by 29.39% to 1,652 shares [2]. - The cumulative cash distribution since the A-share listing amounts to 48.7387 million yuan [3]. - Among the top ten circulating shareholders, CITIC Securities ranked as the sixth largest with an increase of 12,900 shares, while CITIC Securities Selection ranked ninth with an increase of 21,200 shares [3].

Market Overview - The wind power equipment sector experienced a decline of 0.66% on November 14, with Delijia leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Changyou Technology (301557) saw a significant increase of 7.78%, closing at 110.80 with a trading volume of 16,700 lots and a transaction value of 182 million [1] - Pangu Intelligent (301456) rose by 4.20%, closing at 31.50 with a trading volume of 74,300 lots and a transaction value of 229 million [1] - Other notable performers included Hongde Co. (301163) with a 1.30% increase and Zhonghuan Hailu (301040) with a 0.84% increase [1] Declining Stocks - Delijia (603092) led the decline with a drop of 4.92%, closing at 62.48 with a trading volume of 73,200 lots and a transaction value of 46.4 million [2] - Other stocks that declined included Weili Transmission (300904) down 2.36% and Mingyang Smart Energy (601615) down 2.03% [2] Capital Flow - The wind power equipment sector saw a net outflow of 157 million from institutional investors, while retail investors contributed a net inflow of 36.27 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors showed some interest [2] Individual Stock Capital Flow - Hewei Electric (603063) had a net inflow of 89.62 million from institutional investors, but a net outflow of 72.91 million from retail investors [3] - Pangu Intelligent (301456) experienced a net inflow of 14.43 million from institutional investors, while retail investors showed a net outflow of 1.33 million [3] - Overall, the capital flow data reflects varying levels of investor confidence across different stocks within the sector [3]

Core Insights - The wind power equipment sector experienced a rise of 1.17% on November 13, with Hewei Electric leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Hewei Electric (603063) closed at 32.17, with a gain of 5.23% and a trading volume of 466,200 shares, amounting to a transaction value of 1.484 billion [1] - Changyou Technology (301557) closed at 102.80, up 4.44%, with a trading volume of 11,000 shares [1] - Jixin Technology (601218) closed at 5.99, gaining 2.74% with a trading volume of 1,334,800 shares [1] - Goldwind Technology (002202) closed at 15.35, up 2.47%, with a trading volume of 898,400 shares [1] - Other notable stocks include Tiensun Wind Power (002531) and Daqian Heavy Industry (002487), with respective gains of 1.50% and 1.39% [1] Capital Flow - The wind power equipment sector saw a net outflow of 66.1885 million from institutional investors, while retail investors contributed a net inflow of 249 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Hewei Electric experienced a net inflow of 18.7 million from institutional investors but saw a net outflow of 112 million from speculative funds [3] - Daqian Heavy Industry had a net inflow of 57.5975 million from institutional investors, while speculative funds saw a net outflow of 41.7643 million [3] - Jixin Technology had a net inflow of 21.1361 million from institutional investors, with a net outflow of 39.1975 million from speculative funds [3]