智通财经APP讯，阿尔特(300825.SZ)发布2025年三季度报告，该公司前三季度营业收入为7.36亿元，同 比增长19.30%。归属于上市公司股东的净亏损为1.51亿元。归属于上市公司股东的扣除非经常性损益的 净亏损为1.58亿元。基本每股亏损为0.3082元。 ...

智通财经APP讯，绿色动力环保(01330)发布公告，截至2025年9月30日止三个月第三季度集团实现未经 审核垃圾进厂量376.76万吨，发电量13.28亿度，上网电量10.93亿度，供汽量27.26万吨。截至2025年6月 30日止半年度集团实现未经审核累计垃圾进厂量1092.19万吨，同比增长2.00%;累计发电量38.67亿度， 同比增长1.17%;累计上网电量32.06亿度，同比增长1.46%;累计供汽量78.81万吨，同比增长111.91%。 ...

每经AI快讯，长安汽车（SZ 000625，收盘价：12.72元）10月24日晚间发布公告称，公司第九届第四十 六次董事会会议于2025年10月24日在长安汽车金融城会议室以现场结合视频方式召开。会议审议了《关 于修订 <董事会授权管理办法> 的议案》等文件。 2025年1至6月份，长安汽车的营业收入构成为：汽车制造业占比100.0%。 截至发稿，长安汽车市值为1261亿元。 每经头条（nbdtoutiao）——溢价近10万倍！知名品牌豪掷1.7亿元买2000股，目标公司注册资本仅1万 港元且还未营业！上交所都看不懂了：收购有何必要性？ （记者 曾健辉） ...

截至发稿，厦门信达市值为40亿元。 每经AI快讯，厦门信达（SZ 000701，收盘价：5.89元）10月24日晚间发布公告称，公司第十二届二〇 二五年度第十一次董事会会议于2025年10月24日以通讯方式召开。会议审议了《关于公司部分领导班子 成员2022-2024年延期支付薪酬兑付的议案》等文件。 2025年1至6月份，厦门信达的营业收入构成为：商业占比97.7%，工业占比1.73%，服务业占比0.57%。 每经头条（nbdtoutiao）——溢价近10万倍！知名品牌豪掷1.7亿元买2000股，目标公司注册资本仅1万 港元且还未营业！上交所都看不懂了：收购有何必要性？ （记者 曾健辉） ...

Core Viewpoint - Shenzhen Zhishang Technology Co., Ltd. plans to acquire 99.8555% equity of Shenzhen Hengyang Data Co., Ltd. The independent financial advisor, Wukuang Securities, has provided a special review opinion addressing key issues related to the target asset's operations and financial status, indicating high reliance on major client Alibaba and a significant decline in gross margin for smart computing products, although the company asserts that the collaboration is sustainable and does not pose significant adverse effects on ongoing operations [1][2]. Group 1: Business Model and Revenue - Hengyang Data focuses on the R&D and sales of smart computing and data processing products, with core products including AI computing clusters and integrated intelligent computing machines. The business model is centered on R&D design, with production mainly outsourced to external manufacturers. Revenue for the years 2023, 2024, and Q1 2025 is projected at 215 million, 455 million, and 178 million respectively, with smart computing product revenue increasing from 32.83% to 91.48% of total revenue [2][4]. - The growth of Hengyang Data's business is heavily dependent on orders from Alibaba and its designated manufacturer, Xinhua San. Sales to Xinhua San amounted to 101 million and 56 million in the last year and the first quarter of 2025, accounting for 33.97% and 30.68% of total revenue [2][4]. Group 2: Financial Performance - Hengyang Data's revenue shows significant volatility, with smart computing product revenue reaching 264 million in 2024, a 271.83% increase from 2023, but dropping to 163 million in Q1 2025. The company attributes this fluctuation to product delivery cycles and customer procurement rhythms [4][6]. - The concentration of customers is notable, with sales to Alibaba increasing from 26.84% in 2023 to 79.81% in Q1 2025. Despite the high dependency on a major client, Wukuang Securities notes that Alibaba, as a leading player in the domestic cloud computing market, plans to invest 380 billion in AI infrastructure over the next three years, suggesting a sustainable partnership for Hengyang Data [4][6]. Group 3: Gross Margin Trends - The gross margin for sales to Alibaba has been declining, with figures of 55.39%, 28.38%, and 9.91% over the reporting periods. This decline is attributed to price adjustments following the transition to large-scale delivery and market competition, aligning with the industry norm of "high initial, stable later" gross margins for customized products [3][4]. - Overall gross margin for Hengyang Data's smart computing business has also decreased from 55.48% to 12.65% during the reporting period. The company anticipates that the launch of new products like NSA.A5 and Beidou Seven Stars 2.0 will alleviate these adverse factors by 2026 [4][6]. Group 4: Production and Supply Chain - Hengyang Data employs a "R&D + sales" business model, outsourcing low-value-added production processes to external manufacturers. The top two suppliers, NationGate and Zhuhai Yibo Technology, accounted for 85.68%, 98.61%, and 98.39% of procurement in the reporting periods [5][6]. - The company maintains that its pricing with suppliers is based on competitive bidding and that it will continue to focus on R&D while outsourcing production. As of March 2025, the company's inventory value stands at 172 million, primarily related to a data application solution project for a major client, which is expected to be delivered within 2025 [5][6].

每经AI快讯，云南白药（SZ 000538，收盘价：56.36元）10月24日晚间发布公告称，公司第十届2025年 第六次董事会会议于2025年10月24日在公司总部会议室以现场结合通讯表决的方式召开。会议审议了 《关于修订 <董事会议事规则> 的议案》等文件。 截至发稿，云南白药市值为1006亿元。 每经头条（nbdtoutiao）——溢价近10万倍！知名品牌豪掷1.7亿元买2000股，目标公司注册资本仅1万 港元且还未营业！上交所都看不懂了：收购有何必要性？ （记者 曾健辉） 2025年1至6月份，云南白药的营业收入构成为：商业销售占比59.78%，工业销售占比40.01%，其他业 务占比0.1%，技术开发服务占比0.08%，旅店饮食业占比0.03%。 ...

Core Insights - On October 24, a total of 34 stocks were involved in institutional trading, with 16 stocks showing net buying and 18 stocks showing net selling [1] Institutional Buying - The top three stocks with the highest net buying by institutions were: - Shenzhen South Circuit (深南电路) with a net buying amount of 198 million yuan - ShenKong Co., Ltd. (神开股份) with a net buying amount of 65.95 million yuan - Jiangbo Long (江波龙) with a net buying amount of 60.29 million yuan [1] Institutional Selling - The top three stocks with the highest net selling by institutions were: - Demingli (德明利) with a net outflow of 267 million yuan - Chaoying Electronics (超颖电子) with a net outflow of 191 million yuan - Shengyi Electronics (生益电子) with a net outflow of 129 million yuan [1]

每经AI快讯，盛新锂能（SZ 002240，收盘价：21.51元）10月24日晚间发布公告称，公司第八届第二十 三次董事会会议于2025年10月24日在四川省成都市武侯区桂溪街道锦云西一巷成都交易所大厦14楼公司 会议室以现场与通讯表决相结合方式召开。会议审议了《关于修订和制定公司内部治理制度的议案》等 文件。 2025年1至6月份，盛新锂能的营业收入构成为：新能源材料占比100.0%。 截至发稿，盛新锂能市值为197亿元。 每经头条（nbdtoutiao）——溢价近10万倍！知名品牌豪掷1.7亿元买2000股，目标公司注册资本仅1万 港元且还未营业！上交所都看不懂了：收购有何必要性？ （记者 曾健辉） ...

又一家银行宣布不再设立监事会！ 10月23日，常熟银行发布公告称，已于近日收到《苏州金融监管分局关于常熟农村商业银行修改公司章程的批复》。自《公司章程》核准之日起，常 熟银行监事会依法撤销，现任监事不再担任监事及监事会相关职务，该行《监事会议事规则》等监事会相关制度同时废止。 （截图来源：常熟银行） 常熟银行官网"组织构架"显示，该行原监事会由监督委员会、提名与履职考评委员会和监事会办公室组成。公告内容显示，后续将由董事会审计与消 费者权益保护委员会依法承接监事会职权。 《国际金融报》记者注意到，今年以来，商业银行监事会正密集退出历史舞台。 9月25日，工商银行、建设银行、农业银行、中国银行和交通银行5家国有大行纷纷发文宣告获批取消监事会。据不完全统计，年内还有招商银行、光 大银行、沪农商行、华夏银行和长沙银行等约20家机构的监事会退场。事实上，自2022年以来，多家国有大行和股份行监事长一职便"名存实亡"，职 位陆续空缺。 （文章来源：国际金融报） 据了解，2023年新修订的《公司法》第121条明确允许股份有限公司通过董事会下设审计委员会行使监事会职权，《商业银行法》规定商业银行组织形 式适用公司法，则为银 ...

格隆汇10月24日丨德龙汇能(000593.SZ)公布，公司收到公司控股股东北京顶信瑞通科技发展有限公司 的通知，获悉其与东阳诺信芯材企业管理合伙企业(有限合伙)签订《股份转让之意向协议》，拟将其持 有公司29.64%股份转让给东阳诺信芯材企业管理合伙企业(有限合伙)，可能导致公司控制权发生变更。 目前，各方主体正在就具体交易方案、协议等相关事项进行磋商，尚存在重大不确定性，如交易双方不 能达成一致，可能存在终止筹划的风险。 ...