Core Points - The stock price of the Electric Research Institute increased by 2.16% on November 25, reaching 7.10 CNY per share, with a trading volume of 1.10 billion CNY and a market capitalization of 5.319 billion CNY [1] - The company has seen a year-to-date stock price increase of 19.83%, with a 10.42% rise over the last five trading days, 15.07% over the last 20 days, and 4.87% over the last 60 days [1] - The company reported a decrease in revenue of 19.08% year-on-year for the first nine months of 2025, totaling 375 million CNY, and a net profit loss of 23.218 million CNY, a decrease of 247.44% [2] Financial Performance - As of September 30, the number of shareholders for the Electric Research Institute was 30,000, a decrease of 10.10% from the previous period, while the average circulating shares per person increased by 11.23% to 16,658 shares [2] - Cumulatively, the company has distributed 871 million CNY in dividends since its A-share listing, with 29.964 million CNY distributed over the past three years [3] Business Overview - The Electric Research Institute, established on April 14, 1997, and listed on May 11, 2011, is located in Suzhou, Jiangsu Province, and specializes in electrical testing services [1] - The main business revenue composition includes high-voltage electrical testing at 74.75% and low-voltage electrical testing at 25.25% [1] - The company operates within the social services sector, specifically in professional services related to testing services, and is involved in concepts such as ultra-high voltage, power IoT, small-scale power grids, rural power grids, and smart grids [1]

Core Viewpoint - Hongfa Technology Co., Ltd. has shown a significant increase in stock price this year, with a year-to-date rise of 29.82%, despite a recent decline in the last five trading days [1][2]. Financial Performance - For the period from January to September 2025, Hongfa achieved a revenue of 12.914 billion yuan, representing a year-on-year growth of 18.82%, and a net profit attributable to shareholders of 1.470 billion yuan, up 15.78% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 49,500, a rise of 66.96%, while the average circulating shares per person decreased by 40.11% to 29,476 shares [2]. - The company has distributed a total of 2.987 billion yuan in dividends since its A-share listing, with 1.370 billion yuan distributed in the last three years [3]. Stock Market Activity - On November 24, Hongfa's stock price rose by 2.04% to 29.03 yuan per share, with a trading volume of 354 million yuan and a turnover rate of 0.84%, leading to a total market capitalization of 43.011 billion yuan [1]. - The net outflow of main funds was 7.5195 million yuan, with large orders showing a buy of 51.2397 million yuan and a sell of 57.8643 million yuan [1]. Business Overview - Hongfa specializes in the production and sales of relays, with relay products accounting for 91.22% of its main business revenue, followed by electrical products at 4.63% and other products at 3.81% [1]. - The company is categorized under the power equipment industry, specifically in grid automation equipment, and is involved in sectors such as rural power grids, solar energy, and smart grids [1].

Core Viewpoint - Oriental Electronics has shown a mixed performance in stock price, with a year-to-date increase of 7.17% but a recent decline over the past five and twenty trading days [1] Group 1: Stock Performance - As of November 24, Oriental Electronics' stock price increased by 2.06%, reaching 11.39 CNY per share, with a trading volume of 1.03 billion CNY and a turnover rate of 0.68%, resulting in a total market capitalization of 15.271 billion CNY [1] - The stock has experienced a decline of 6.33% over the last five trading days and 5.16% over the last twenty trading days, while it has increased by 3.24% over the last sixty days [1] Group 2: Financial Performance - For the period from January to September 2025, Oriental Electronics reported a revenue of 5.165 billion CNY, reflecting a year-on-year growth of 11.53%, and a net profit attributable to shareholders of 495 million CNY, which is a 17.53% increase year-on-year [2] Group 3: Business Overview - Oriental Electronics, established on February 9, 1994, and listed on January 21, 1997, is based in Yantai, Shandong Province, and its main business includes electronic and communication equipment, power dispatching, industrial automation protection equipment, and other related services [2] - The company's revenue composition includes: 55.28% from smart power distribution, 13.51% from power transmission and transformation automation, 13.31% from dispatching and cloud services, 7.55% from industrial internet and smart manufacturing, 4.68% from renewable energy and storage, 3.73% from comprehensive energy and virtual power plants, 1.35% from leasing, and 0.60% from other sources [2] Group 4: Shareholder Information - As of September 30, 2025, Oriental Electronics had 68,800 shareholders, a decrease of 7.37% from the previous period, with an average of 19,474 circulating shares per shareholder, which is an increase of 7.96% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 31.558 million shares, an increase of 14.484 million shares from the previous period [3]

Core Viewpoint - The stock of Zhejiang Chint Electrics Co., Ltd. has experienced fluctuations, with a recent decline of 2.07% and a year-to-date increase of 24.19% [1] Company Overview - Zhejiang Chint Electrics Co., Ltd. was established on August 5, 1997, and went public on January 21, 2010. The company specializes in low-voltage electrical equipment, including distribution, terminal, control, and power electronics, as well as solar energy products and services [2] - The main revenue sources for the company include: solar power station engineering contracting (32.76%), power station operation (18.79%), terminal electrical products (13.01%), and distribution electrical products (11.23%) among others [2] Financial Performance - As of September 30, 2025, the company reported a revenue of 46.396 billion yuan, a slight decrease of 0.03% year-on-year, while the net profit attributable to shareholders increased by 19.49% to 4.179 billion yuan [3] - The company has distributed a total of 15.650 billion yuan in dividends since its A-share listing, with 3.319 billion yuan distributed in the last three years [4] Shareholder Information - As of September 30, 2025, the number of shareholders decreased to 85,600, with an average of 25,114 circulating shares per person, which is an increase of 3.30% from the previous period [3] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 123 million shares, a decrease of 8.4353 million shares from the previous period [4]

Core Viewpoint - Senyuan Electric's stock price has experienced fluctuations, with a year-to-date increase of 21.83% but a recent decline of 4.12% over the past five trading days [1] Group 1: Stock Performance - As of November 19, Senyuan Electric's stock price was 5.58 CNY per share, with a market capitalization of 5.188 billion CNY [1] - The stock has seen a trading volume of 94.7994 million CNY and a turnover rate of 1.81% [1] - The company has recorded a net outflow of 10.7202 million CNY in principal funds, with significant selling activity [1] Group 2: Financial Performance - For the period from January to September 2025, Senyuan Electric achieved operating revenue of 2.084 billion CNY, representing a year-on-year growth of 8.23% [2] - The net profit attributable to shareholders for the same period was 144 million CNY, reflecting a year-on-year increase of 10.05% [2] Group 3: Business Overview - Senyuan Electric, established on October 30, 2000, and listed on February 10, 2010, specializes in the development, production, and sales of power transmission and distribution equipment [1] - The company's main business revenue composition includes 83.16% from power transmission and transformation products, 14.24% from sanitation industry services, and 2.59% from other sources [1] - The company is categorized under the power equipment industry, specifically in the transmission and distribution equipment sector [1]

Core Viewpoint - The stock of Guodian NARI has experienced a decline of 5.81% year-to-date, with a notable drop of 7.20% over the past five trading days, indicating potential market concerns regarding its performance [1]. Company Overview - Guodian NARI Technology Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on February 28, 2001. It was listed on October 16, 2003. The company specializes in power grid automation, industrial control (including rail transit), power generation and renewable energy, and energy conservation and environmental protection [1]. - The main business revenue composition includes: Smart Grid 50.43%, Low Carbon Energy 26.98%, Digital Energy Integration 16.09%, Industrial Interconnection 5.13%, Integration and Others 1.24%, and Other (Supplementary) 0.13% [1]. Financial Performance - For the period from January to September 2025, Guodian NARI achieved operating revenue of 38.577 billion yuan, representing a year-on-year growth of 19.38%. The net profit attributable to the parent company was 4.855 billion yuan, reflecting a year-on-year increase of 8.55% [2]. - Since its A-share listing, Guodian NARI has distributed a total of 24.308 billion yuan in dividends, with 12.674 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders of Guodian NARI reached 150,100, an increase of 49.47% compared to the previous period. The average circulating shares per person decreased by 33.09% to 53,271 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 777.2 million shares, a decrease of 318 million shares from the previous period. China Securities Finance Corporation remains unchanged with 237 million shares [3].

Core Viewpoint - The stock price of Zhejiang Chint Electrics Co., Ltd. has experienced fluctuations, with a year-to-date increase of 31.87% but a recent decline of 9.59% over the past five trading days [1] Company Overview - Zhejiang Chint Electrics Co., Ltd. was established on August 5, 1997, and went public on January 21, 2010. The company specializes in low-voltage electrical equipment, electronic instruments, and automation control systems [2] - The main business revenue composition includes: 32.76% from photovoltaic power station engineering contracting, 18.79% from power station operation, and various other segments such as terminal electrical appliances and distribution electrical appliances [2] Financial Performance - As of September 30, 2025, the company reported a revenue of 46.396 billion yuan, a slight decrease of 0.03% year-on-year, while the net profit attributable to shareholders increased by 19.49% to 4.179 billion yuan [3] - Cumulative cash dividends since the company's A-share listing amount to 15.650 billion yuan, with 3.319 billion yuan distributed over the past three years [4] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 3.19% to 85,600, with an average of 25,114 circulating shares per person, an increase of 3.30% [3] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 123 million shares, a decrease of 8.4353 million shares from the previous period [4]

Core Viewpoint - Hongfa Technology Co., Ltd. has experienced a stock price decline of 2.05% on November 17, with a current price of 32.03 CNY per share and a total market capitalization of 46.756 billion CNY [1] Financial Performance - For the period from January to September 2025, Hongfa achieved a revenue of 12.914 billion CNY, representing a year-on-year growth of 18.82%, and a net profit attributable to shareholders of 1.470 billion CNY, up 15.78% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 2.987 billion CNY, with 1.370 billion CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 49,500, a rise of 66.96%, while the average circulating shares per person decreased by 40.11% to 29,476 shares [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 314 million shares, an increase of 16.9179 million shares compared to the previous period [3]

Core Insights - The stock price of Senyuan Electric has increased by 30.79% year-to-date, with a recent trading price of 5.99 CNY per share and a market capitalization of 5.569 billion CNY [1] - The company reported a revenue of 2.084 billion CNY for the first nine months of 2025, reflecting a year-on-year growth of 8.23%, and a net profit of 144 million CNY, up 10.05% [2] - Senyuan Electric has distributed a total of 667 million CNY in dividends since its A-share listing, with 37.19 million CNY distributed in the last three years [3] Stock Performance - As of November 14, Senyuan Electric's stock rose by 2.22% during the trading session, with a trading volume of 1.07 billion CNY and a turnover rate of 1.97% [1] - The stock has seen a 1.87% increase over the last five trading days, a 20.28% increase over the last 20 days, and a 14.75% increase over the last 60 days [1] Shareholder Information - As of September 30, the number of shareholders for Senyuan Electric is 52,600, a decrease of 8.41% from the previous period, while the average number of circulating shares per person increased by 9.18% to 17,671 shares [2] Business Overview - Senyuan Electric, established on October 30, 2000, and listed on February 10, 2010, specializes in the development, production, and sales of high and low voltage switchgear, high voltage components, and power quality management equipment [1] - The company's main business revenue composition includes 83.16% from power transmission and transformation products, 14.24% from sanitation industry services, and 2.59% from other sources [1] Dividend Distribution - The company has cumulatively distributed dividends amounting to 667 million CNY since its A-share listing, with a total of 37.19 million CNY in the last three years [3]

Core Viewpoint - Guodian NARI Technology Co., Ltd. has experienced a decline in stock price and significant net outflow of funds, while showing growth in revenue and net profit year-on-year [1][2]. Financial Performance - For the period from January to September 2025, Guodian NARI achieved operating revenue of 38.577 billion yuan, representing a year-on-year increase of 19.38% [2]. - The net profit attributable to shareholders for the same period was 4.855 billion yuan, reflecting a year-on-year growth of 8.55% [2]. Stock Performance - As of November 14, Guodian NARI's stock price was 23.91 yuan per share, down 2.01% during the trading session [1]. - Year-to-date, the stock has decreased by 2.97%, with a 4.93% drop over the last five trading days, but has increased by 3.91% over the last 20 days and 10.52% over the last 60 days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 150,100, up by 49.47% from the previous period [2]. - The average circulating shares per person decreased by 33.09% to 53,271 shares [2]. Dividend Distribution - Since its A-share listing, Guodian NARI has distributed a total of 24.308 billion yuan in dividends, with 12.674 billion yuan distributed in the last three years [3]. Major Shareholders - As of September 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 777.2 million shares, a decrease of 318 million shares from the previous period [3]. - China Securities Finance Corporation remained the third-largest shareholder with 237 million shares unchanged [3].