股市必读：沙河股份（000014）11月3日董秘有最新回复

Core Viewpoint - The company is in the process of acquiring 70% of Jinghua Electronics to enhance its quality, scale, and profitability, despite Jinghua's ongoing financial losses [2][3]. Group 1: Company Performance - As of November 3, 2025, the stock price of Shahe Co., Ltd. (000014) closed at 18.86 yuan, up 0.59%, with a turnover rate of 12.48%, trading volume of 302,000 shares, and a transaction amount of 590 million yuan [1]. - Jinghua Electronics reported a revenue of 127 million yuan in 2023, with a net loss of 20.35 million yuan. For 2024, revenue is projected at 135 million yuan with a net loss of 10.27 million yuan, and for the first three quarters of 2025, revenue is 123 million yuan with a net loss of 30.84 million yuan [2]. Group 2: Market Reactions - Following the announcement of the acquisition, the stock price experienced a limit down, indicating negative market sentiment and concerns from investors regarding the acquisition of a loss-making company [2]. - On November 3, the main funds saw a net outflow of 35.56 million yuan, accounting for 6.02% of the total transaction amount, while retail investors had a net inflow of 28.90 million yuan, representing 4.9% of the total transaction amount [4][5].