Core Insights - The stock price of Jieput has increased by 201.32% year-to-date, but has seen a decline of 5.05% in the last five trading days [2] - The company reported a revenue of 1.509 billion yuan for the first nine months of 2025, representing a year-on-year growth of 41.02%, and a net profit of 204 million yuan, up 97.30% year-on-year [2] Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, is located in Longhua District, Shenzhen, Guangdong Province [2] - The company specializes in the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronic devices [2] - The revenue composition of Jieput includes lasers (53.32%), laser/optical intelligent equipment (38.19%), other main businesses (6.61%), fiber optic devices (1.81%), and others (0.07%) [2] Market Performance - As of November 13, Jieput's stock price was 141.86 yuan per share, with a market capitalization of 13.484 billion yuan [1] - The trading volume on November 13 was 134 million yuan, with a turnover rate of 1.02% [1] - The net outflow of main funds was 4.1853 million yuan, with significant buying and selling activity from large orders [1] Shareholder Information - As of September 30, 2025, Jieput had 7,160 shareholders, an increase of 8.35% from the previous period [2] - The average number of circulating shares per shareholder decreased by 7.71% to 13,275 shares [2] - The company has distributed a total of 157 million yuan in dividends since its A-share listing, with 96.4377 million yuan distributed in the last three years [3] Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder is GF Technology Innovation Mixed A, holding 2.8491 million shares, a decrease of 286,600 shares from the previous period [3] - New institutional shareholders include Huaxia Industry Prosperity Mixed A, holding 1.7168 million shares, and GF Innovation Upgrade Mixed, holding 1.6810 million shares [3] - Jin Ying Technology Innovation Stock A and GF Value Core Mixed A have exited the top ten circulating shareholders list [3]

Core Viewpoint - Dongcai Technology's stock price has shown significant volatility, with a year-to-date increase of 145.97%, but a recent decline of 7.53% over the past five trading days [1][2]. Group 1: Stock Performance - As of November 13, Dongcai Technology's stock price reached 18.30 CNY per share, with a market capitalization of 18.632 billion CNY [1]. - The stock has experienced a trading volume of 3.89 billion CNY, with a turnover rate of 2.11% [1]. - The company has been on the "Dragon and Tiger List" three times this year, with the most recent occurrence on September 12 [1]. Group 2: Financial Performance - For the period from January to September 2025, Dongcai Technology reported a revenue of 3.803 billion CNY, reflecting a year-on-year growth of 17.18% [2]. - The net profit attributable to shareholders for the same period was 283 million CNY, marking a year-on-year increase of 19.80% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 52,300, up by 60.68% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 29.34% to 19,464 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 19.942 million shares, an increase of 6.6923 million shares from the previous period [3]. Group 4: Business Overview - Dongcai Technology specializes in the research, development, manufacturing, and sales of new chemical materials, with a revenue composition of 28.31% from electronic materials, 27.27% from new energy materials, and 26.23% from optical film materials [1]. - The company operates within the basic chemical industry, specifically in the plastic and film materials sector, and is associated with concepts such as the Apple supply chain, flexible electronics, Huawei, NVIDIA, and OLED [2]. Group 5: Dividend Information - Since its A-share listing, Dongcai Technology has distributed a total of 1.107 billion CNY in dividends, with 317 million CNY distributed over the past three years [3].

Group 1: Institutional Research and Optimism - Over 40 A-share companies in the Apple supply chain have been intensively researched by institutions since the fourth quarter, with many expressing optimism about future business development prospects [1] - 18 A-share companies, including Lens Technology and Pengding Holdings, have received over 50 institutional research inquiries, indicating strong interest from the investment community [2] Group 2: Company-Specific Insights - Lens Technology, a key supplier for Apple, reported that market response to new product launches exceeded expectations, leading to strong customer order demand and plans to expand production staff to nearly 170,000 [2] - East Mountain Precision, a supplier of flexible circuit boards for iPhones, noted growth in its soft board business due to increased demand for new consumer electronics, with production capacity expected to ramp up starting in the second half of 2026 [3] - BOE Technology Group, a supplier of iPhone screens, highlighted its established capacity and technological advantages in the flexible AMOLED sector, with a significant increase in high-end product offerings [3] - Crystal Optoelectronics reported a substantial increase in shipments for a major client's new model, with expectations for continued growth in the fourth quarter [4][5] Group 3: Future Business Outlook - Crystal Optoelectronics anticipates steady demand for its core products, including micro-prism and coated filter products, with a focus on maintaining strong performance in the consumer electronics sector [5] - Pengding Holdings expects a strong performance in the fourth quarter, contingent on market demand, while preparing for future product line expansions [5] - The foldable phone market is rapidly growing, with significant expectations for new product launches from major clients in 2026, which will drive demand for various components [6][8]

Group 1: Institutional Research and Optimism - Over 40 A-share companies in the Apple supply chain have been intensively researched by institutions since the fourth quarter, with many expressing optimism about future business prospects [1] - 18 A-share companies, including Lens Technology and Pengding Holdings, received over 50 institutional research inquiries, indicating strong interest from the investment community [1] - Lens Technology, a key supplier for Apple, reported that market response to new product launches exceeded expectations, leading to increased orders and production capacity [1] Group 2: Company-Specific Developments - Dongshan Precision, a supplier of flexible circuit boards for iPhones, noted growth in its soft board business due to increased demand for new consumer electronics, with production capacity expected to ramp up by the second half of 2026 [2] - BOE Technology Group, a screen supplier for iPhones, highlighted its established capabilities in flexible AMOLED technology and its strategic positioning to meet the demands of major smartphone brands [2] - Crystal Optoelectronics reported significant increases in shipments for its optical film products, with expectations for continued growth in the fourth quarter driven by strong demand from major clients [3] Group 3: Market Trends and Future Outlook - The flexible screen market is rapidly growing, with companies like Lens Technology and Pengding Holdings preparing for increased production and new product lines in response to market demand [4][5] - The anticipated launch of foldable devices by major clients in 2026 is expected to drive demand for components such as ultra-thin glass covers and structural parts, enhancing overall product value [6] - Companies are actively engaging in R&D for foldable screen projects, establishing strong partnerships with major clients to ensure technological advancements and market readiness [4][5][6]

Core Viewpoint - The stock of Pengding Holdings has experienced a decline of 2.02% on November 12, with significant trading activity and a notable year-to-date increase of 32.33% despite recent short-term declines [1][2]. Financial Performance - For the period from January to September 2025, Pengding Holdings reported a revenue of 26.855 billion yuan, representing a year-on-year growth of 14.34%. The net profit attributable to shareholders was 2.408 billion yuan, reflecting a year-on-year increase of 21.95% [2]. - Cumulatively, the company has distributed 9.725 billion yuan in dividends since its A-share listing, with 5.097 billion yuan distributed over the past three years [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 75,500, up by 22.75% from the previous period. The average number of circulating shares per person decreased by 18.48% to 30,570 shares [2]. - The stock has appeared on the trading leaderboard five times this year, with the most recent instance on September 22, where it recorded a net purchase of 54.8954 million yuan [1]. Stock Performance and Trading Volume - The stock price of Pengding Holdings was reported at 46.95 yuan per share, with a total market capitalization of 108.832 billion yuan. The trading volume reached 480 million yuan, with a turnover rate of 0.44% [1]. - Year-to-date, the stock has seen a price increase of 32.33%, but has experienced declines of 8.10% over the last five trading days, 4.51% over the last 20 days, and 9.43% over the last 60 days [1].

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 Insights - The stock price of Jieput has increased by 213.64% year-to-date, with a recent decline of 0.85% over the last five trading days [1] - The company reported a revenue of 1.509 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 41.02%, and a net profit of 204 million yuan, up 97.30% [2] Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, is located in Longhua District, Shenzhen, Guangdong Province [1] - The company's main business includes the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronic devices [1] - The revenue composition is as follows: lasers 53.32%, laser/optical intelligent equipment 38.19%, other main businesses 6.61%, fiber optic devices 1.81%, and others 0.07% [1] Shareholder and Market Data - As of September 30, 2025, Jieput had 7,160 shareholders, an increase of 8.35% from the previous period, with an average of 13,275 circulating shares per shareholder, down 7.71% [2] - The company has distributed a total of 157 million yuan in dividends since its A-share listing, with 96.44 million yuan distributed over the last three years [3] - Notable changes in institutional holdings include a decrease in shares held by Guangfa Technology Innovation Mixed A and new entries from Huaxia Industry Prosperity Mixed A and Guangfa Innovation Upgrade Mixed [3]

Core Viewpoint - The stock of Ultrasonic Electronics has experienced fluctuations, with a recent decline of 2.06% and a year-to-date increase of 26.78%, indicating volatility in its market performance [1][2]. Company Overview - Ultrasonic Electronics, established on September 5, 1997, and listed on October 8, 1997, is located in Shantou, Guangdong Province. The company specializes in the research, production, and sales of printed circuit boards, LCDs, touch screens, ultra-thin and special copper-clad laminates, and ultrasonic electronic instruments [1]. - The revenue composition of Ultrasonic Electronics is as follows: printed circuit boards 50.64%, LCDs 27.87%, copper-clad laminates 16.91%, and ultrasonic electronic instruments and others 4.59% [1]. Financial Performance - For the period from January to September 2025, Ultrasonic Electronics achieved a revenue of 4.674 billion yuan, representing a year-on-year growth of 10.91%. The net profit attributable to the parent company was 178 million yuan, reflecting a year-on-year increase of 20.93% [2]. - Since its A-share listing, Ultrasonic Electronics has distributed a total of 1.148 billion yuan in dividends, with 215 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders of Ultrasonic Electronics was 45,400, an increase of 3.35% from the previous period. The average number of circulating shares per person was 11,817, a decrease of 3.24% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 15.3208 million shares, an increase of 11.4716 million shares compared to the previous period. Meanwhile, the fund "Zhaoshang Quantitative Selected Stock Initiation A" holds 3.0497 million shares, a decrease of 826,200 shares [3].

11月10日，大族激光盘中下跌2.07%，截至11:02，报39.23元/股，成交4.65亿元，换手率1.22%，总市值 403.91亿元。 大族激光所属申万行业为：机械设备-自动化设备-激光设备。所属概念板块包括：PCB概念、5G、柔性 电子、苹果产业链、小米概念等。 截至9月30日，大族激光股东户数12.30万，较上期减少25.55%；人均流通股7775股，较上期增加 31.23%。2025年1月-9月，大族激光实现营业收入127.13亿元，同比增长25.51%；归母净利润8.63亿元， 同比减少39.46%。 分红方面，大族激光A股上市后累计派现37.13亿元。近三年，累计派现7.79亿元。 机构持仓方面，截止2025年9月30日，大族激光十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股6880.01万股，相比上期增加4344.83万股。华夏中证机器人ETF（562500）位居第四大流 通股东，持股2317.95万股，相比上期增加433.56万股。南方中证500ETF（510500）位居第五大流通股 东，持股1226.69万股，相比上期减少21.49万股。天弘中证机器人ETF（159770 ...