Core Viewpoint - ShenNan Circuit has shown significant stock performance with a year-to-date increase of 116.08%, despite a recent decline of 3.20% over the last five trading days [1] Financial Performance - For the period from January to September 2025, ShenNan Circuit achieved a revenue of 16.754 billion yuan, representing a year-on-year growth of 28.39% [2] - The net profit attributable to shareholders for the same period was 2.326 billion yuan, reflecting a year-on-year increase of 56.30% [2] Stock Market Activity - As of November 18, ShenNan Circuit's stock price was 205.28 yuan per share, with a market capitalization of 136.869 billion yuan [1] - The stock has been active on the trading board three times this year, with the latest occurrence on October 24, where it recorded a net purchase of 380 million yuan [1] Shareholder Information - As of September 30, 2025, the number of shareholders for ShenNan Circuit was 39,500, a decrease of 25.79% from the previous period [2] - The top circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings to 21.7066 million shares, while several new institutional investors entered the top ten list [3] Dividend Distribution - Since its A-share listing, ShenNan Circuit has distributed a total of 3.441 billion yuan in dividends, with 1.744 billion yuan distributed over the last three years [3] Industry Context - ShenNan Circuit operates within the electronic components sector, specifically in printed circuit boards (PCB), and is associated with major concepts such as the Foxconn concept and the Apple supply chain [2]

Core Viewpoint - The stock of Yingtong Communications has shown significant growth this year, with a 52.04% increase, and the company is actively involved in the electronic and consumer electronics sector, focusing on acoustic and data transmission products [1][2]. Financial Performance - For the period from January to September 2025, Yingtong Communications reported a revenue of 630 million yuan, representing a year-on-year growth of 5.75%. However, the net profit attributable to the parent company was a loss of 35.65 million yuan, a decrease of 8.90% compared to the previous year [2]. - The company has distributed a total of 198 million yuan in dividends since its A-share listing, with 41.96 million yuan distributed over the last three years [3]. Stock Market Activity - As of November 18, the stock price of Yingtong Communications was 21.27 yuan per share, with a market capitalization of 3.962 billion yuan. The stock has seen a trading volume of 24.07 million yuan and a turnover rate of 0.77% [1]. - The company has appeared on the "Dragon and Tiger List" 12 times this year, with the most recent appearance on March 25, where it recorded a net buy of -11.29 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Yingtong Communications was 16,100, a decrease of 49.01% from the previous period. The average number of circulating shares per person increased by 96.11% to 9,348 shares [2]. Business Overview - Yingtong Communications, established on October 23, 2010, and listed on April 13, 2017, operates as a comprehensive technology company involved in product research and development, manufacturing, sales, and industrial investment operations. The main revenue sources are acoustic products and precision components (61.93%), power and data transmission products (35.02%), and other products (3.05%) [1].

Core Viewpoint - The stock of Zhihua Technology has experienced fluctuations, with a year-to-date increase of 74.11%, but a recent decline of 2.06% on November 14, indicating potential volatility in the market [1]. Company Overview - Zhihua Technology, established on July 26, 2004, and listed on August 4, 2017, is located in Dongguan, Guangdong Province. The company specializes in the research, production, and sales of functional components for consumer electronics, particularly mobile devices [1]. - The revenue composition of Zhihua Technology includes structural electronic components (39.37%), functional electronic components (39.30%), optical components (20.43%), and other supplementary products (0.91%) [1]. Financial Performance - For the period from January to September 2025, Zhihua Technology reported a revenue of 1.197 billion yuan, reflecting a year-on-year growth of 6.03%. However, the company recorded a net profit attributable to shareholders of -64.45 million yuan, which is a 19.96% increase compared to the previous year [2]. - Since its A-share listing, Zhihua Technology has distributed a total of 48.6384 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of November 10, the number of shareholders for Zhihua Technology is 18,400, a decrease of 14.86% from the previous period. The average number of circulating shares per person has increased by 17.46% to 9,230 shares [2]. - The company is categorized under the electronic industry, specifically in consumer electronics and components assembly, and is associated with various concept sectors including QFII holdings and flexible electronics [2].

Core Viewpoint - The stock of Zhihui Power has shown significant volatility, with a year-to-date increase of 79.27%, but a recent decline of 2.92% over the last five trading days, indicating potential fluctuations in investor sentiment and market conditions [2]. Group 1: Stock Performance - As of November 13, Zhihui Power's stock price increased by 2.02% to 15.65 CNY per share, with a total market capitalization of 4.079 billion CNY [1]. - The stock has experienced a year-to-date increase of 79.27%, with a recent decline of 2.92% over the last five trading days [2]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on August 26, where it recorded a net purchase of 4.524 million CNY [2]. Group 2: Financial Performance - For the period from January to September 2025, Zhihui Power reported a revenue of 1.197 billion CNY, reflecting a year-on-year growth of 6.03%, while the net profit attributable to shareholders was -64.4538 million CNY, showing a year-on-year increase of 19.96% [3]. - The company has distributed a total of 48.6384 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [4]. Group 3: Shareholder and Market Data - As of November 10, the number of shareholders for Zhihui Power was 18,400, a decrease of 14.86% from the previous period, with an average of 9,230 circulating shares per shareholder, an increase of 17.46% [3]. - The company operates in the electronic industry, specifically in the consumer electronics sector, with its main business revenue derived from structural electronic devices (39.37%), functional electronic devices (39.30%), optical components (20.43%), and other sources (0.91%) [2].

Company Overview - Shenghong Technology Co., Ltd. is located in Huizhou, Guangdong Province, and specializes in the research, development, production, and sales of new electronic devices, primarily printed circuit boards (PCBs) [1] - The company was established on July 28, 2006, and went public on June 11, 2015 [1] - The main business revenue composition is 93.66% from PCB manufacturing and 6.34% from other sources [1] Stock Performance - As of November 12, the stock price of Shenghong Technology decreased by 2.06%, trading at 283.21 CNY per share, with a total market capitalization of 246.49 billion CNY [1] - The stock has increased by 577.68% year-to-date, with a recent decline of 5.09% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent net purchase of 2.12 billion CNY on September 5 [1] Financial Performance - For the period from January to September 2025, Shenghong Technology reported a revenue of 14.12 billion CNY, representing a year-on-year growth of 83.40% [2] - The net profit attributable to the parent company was 3.25 billion CNY, showing a significant year-on-year increase of 324.38% [2] Shareholder Information - As of October 10, the number of shareholders decreased to 176,900, a reduction of 3.85% [2] - The average number of tradable shares per shareholder increased by 4.01% to 4,835 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and E Fund's ChiNext ETF, both of which have seen a decrease in their holdings [3]

Core Points - The stock price of Yingtong Communications has decreased by 2.02% to 19.92 CNY per share as of November 12, with a market capitalization of 3.711 billion CNY [1] - The company has seen a year-to-date stock price increase of 42.39%, with a recent decline of 1.09% over the last five trading days [1] - Yingtong Communications has been listed on the "Dragon and Tiger List" 12 times this year, with the most recent instance on March 25, where it recorded a net buy of -1128.95 million CNY [1] Financial Performance - For the period from January to September 2025, Yingtong Communications achieved a revenue of 630 million CNY, representing a year-on-year growth of 5.75%, while the net profit attributable to shareholders was -35.65 million CNY, a decrease of 8.90% year-on-year [2] - The company has distributed a total of 198 million CNY in dividends since its A-share listing, with 41.96 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, Yingtong Communications had 16,100 shareholders, a decrease of 49.01% from the previous period, with an average of 9,348 circulating shares per shareholder, an increase of 96.11% [2] Business Overview - Yingtong Communications, established on October 23, 2010, and listed on April 13, 2017, operates in the electronic sector, focusing on acoustic products and precision components, which account for 61.93% of its revenue, while power and data transmission products contribute 35.02% [1][2]

Core Viewpoint - The stock of Guangyun Da has experienced fluctuations, with a recent decline of 2.05% and a year-to-date increase of 9.12%, indicating volatility in its market performance [1]. Financial Performance - For the period from January to September 2025, Guangyun Da reported a revenue of 9.65 billion yuan, reflecting a year-on-year growth of 23.13%. However, the net profit attributable to shareholders was -524.48 million yuan, a significant decrease of 261.78% compared to the previous year [2]. Stock Market Activity - As of November 12, Guangyun Da's stock price was 9.09 yuan per share, with a total market capitalization of 5.06 billion yuan. The trading volume was 19.29 million yuan, with a turnover rate of 0.49% [1]. - The net outflow of main funds was 2.85 million yuan, with large orders accounting for 10.15% of purchases and 24.94% of sales [1]. Shareholder Information - As of October 31, the number of shareholders for Guangyun Da reached 39,000, an increase of 3.05% from the previous period. The average number of circulating shares per person decreased by 2.96% to 11,116 shares [2]. Business Overview - Guangyun Da, established on October 25, 2005, and listed on June 8, 2011, operates in the fields of electronic information and aerospace, providing laser application services and innovative solutions for intelligent manufacturing. The revenue composition includes 48.63% from laser application services, 24.64% from intelligent equipment, 19.54% from aerospace components, 5.74% from lasers, and 1.46% from leasing and other services [1]. Dividend Information - Since its A-share listing, Guangyun Da has distributed a total of 80.60 million yuan in dividends, with 12.36 million yuan distributed over the past three years [3].

Core Viewpoint - The company, Jieban Technology, is experiencing a decline in stock price and has a significant reliance on major clients like Foxconn and Apple, with a notable portion of its revenue coming from overseas markets, benefiting from the depreciation of the RMB [1][3][7]. Business Overview - Jieban Technology specializes in customized precision components and structural parts, providing a range of services including product design, material selection, mold design, prototyping, testing, and mass production [7]. - The company's revenue composition includes 92.70% from precision manufacturing products, 5.79% from new materials, and 1.51% from other sources [7]. Client Dependency - The company's direct clients primarily include Foxconn, Quanta Computer, Compal Electronics, Catcher Technology, and BYD, with sales to Foxconn accounting for 35.58%, 36.85%, and 39.52% of total revenue in recent periods [2]. - A significant portion of the company's products is used in Apple's laptops and tablets, with sales to Apple-related products representing 85.22%, 77.95%, and 81.27% of total revenue [2]. Financial Performance - For the period from January to September 2025, Jieban Technology achieved a revenue of 9.62 billion, reflecting a year-on-year growth of 62.04%, while the net profit attributable to the parent company was -12.58 million, a decrease of 1762.51% year-on-year [7]. - The company has distributed a total of 432.37 million in dividends since its A-share listing [8]. Market Position - As of November 11, the company's stock price decreased by 0.64%, with a trading volume of 1.49 billion and a market capitalization of 7.896 billion [1]. - The company has a high overseas revenue ratio of 67.79%, benefiting from the depreciation of the RMB [3]. Institutional Holdings - As of September 30, 2025, several new institutional investors have entered the top ten shareholders, indicating a shift in ownership dynamics [9].

Core Viewpoint - Yaxin Integrated Technology has experienced a significant stock price increase of 92.69% year-to-date, despite a recent decline of 1.43% over the past five trading days [1] Company Overview - Yaxin Integrated Technology (Suzhou) Co., Ltd. was established on February 28, 2002, and went public on December 30, 2016. The company specializes in high-tech electronic industries, including IC semiconductors and optoelectronics, as well as cleanroom engineering services for various sectors [2] - The main revenue sources for Yaxin Integrated include cleanroom system integration engineering (94.53%), other engineering services (3.13%), equipment sales (1.44%), and other income (0.90%) [2] - The company is categorized under the construction decoration industry, specifically in specialized engineering [2] Financial Performance - For the period from January to September 2025, Yaxin Integrated reported a revenue of 3.109 billion yuan, a year-on-year decrease of 29.63%. However, the net profit attributable to shareholders increased by 0.78% to 442 million yuan [2] - The company has distributed a total of 920 million yuan in dividends since its A-share listing, with 693 million yuan distributed over the past three years [3] Shareholder Information - As of October 31, 2025, the number of shareholders increased by 4.01% to 11,400, with an average of 18,686 circulating shares per shareholder, a decrease of 3.85% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 7.4891 million shares, a decrease of 186,400 shares from the previous period. Meanwhile, Guangfa Small Cap Growth Mixed Fund increased its holdings by 739,200 shares to 2.9746 million shares [3]

Core Viewpoint - ShenNan Circuit experienced a stock price decline of 2.08% on November 11, with a trading price of 213.76 CNY per share and a market capitalization of 142.52 billion CNY [1] Company Overview - ShenNan Circuit Co., Ltd. is located in Longgang District, Shenzhen, Guangdong Province, and was established on July 3, 1984. The company was listed on December 13, 2017, and its main business involves the research, development, production, and sales of printed circuit boards (PCBs) [1] - The revenue composition of ShenNan Circuit includes: 60.01% from printed circuit boards, 16.64% from packaging substrates, 14.14% from electronic assembly, 5.80% from other supplementary products, and 3.40% from other products [1] Financial Performance - For the period from January to September 2025, ShenNan Circuit achieved operating revenue of 16.754 billion CNY, representing a year-on-year growth of 28.39%. The net profit attributable to the parent company was 2.326 billion CNY, reflecting a year-on-year increase of 56.30% [2] - Since its A-share listing, ShenNan Circuit has distributed a total of 3.441 billion CNY in dividends, with 1.744 billion CNY distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders of ShenNan Circuit was 39,500, a decrease of 25.79% from the previous period. The average number of circulating shares per person increased by 34.75% to 16,847 shares [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 21.7066 million shares, an increase of 7.4697 million shares from the previous period. New shareholders include several funds, while some previously listed funds have exited the top ten circulating shareholders [3]