11月10日，达实智能盘中上涨2.08%，截至10:38，报2.94元/股，成交1.04亿元，换手率1.78%，总市值 62.35亿元。 资金流向方面，主力资金净流入471.18万元，特大单买入1041.50万元，占比10.05%，卖出814.60万元， 占比7.86%；大单买入1628.41万元，占比15.72%，卖出1384.13万元，占比13.36%。 分红方面，达实智能A股上市后累计派现5.40亿元。近三年，累计派现1.80亿元。 机构持仓方面，截止2025年9月30日，达实智能十大流通股东中，南方中证1000ETF（512100）位居第 三大流通股东，持股1939.32万股，相比上期减少24.71万股。香港中央结算有限公司位居第四大流通股 东，持股1650.15万股，相比上期增加1.65万股。华夏中证1000ETF（159845）位居第七大流通股东，持 股1152.10万股，相比上期减少2.14万股。广发中证1000ETF（560010）位居第八大流通股东，持股 895.71万股，相比上期减少36.48万股。 责任编辑：小浪快报 资料显示，深圳达实智能股份有限公司位于广东省深圳市南山区粤海街道高新区 ...

航锦科技所属申万行业为：基础化工-化学原料-氯碱。所属概念板块包括：一体机概念、DeepSeek概 念、军工电子、北斗导航、算力概念等。 截至9月30日，航锦科技股东户数12.41万，较上期增加5.16%；人均流通股5302股，较上期减少4.91%。 2025年1月-9月，航锦科技实现营业收入32.87亿元，同比增长1.38%；归母净利润1518.91万元，同比减 少62.72%。 分红方面，航锦科技A股上市后累计派现6.41亿元。近三年，累计派现7447.81万元。 机构持仓方面，截止2025年9月30日，航锦科技十大流通股东中，鹏华中证细分化工产业主题ETF联接A （014942）位居第四大流通股东，持股796.41万股，为新进股东。香港中央结算有限公司位居第五大流 通股东，持股678.54万股，相比上期减少715.69万股。国泰中证军工ETF（512660）位居第六大流通股 东，持股514.84万股，相比上期减少96.18万股。广发中证军工ETF（512680）位居第七大流通股东，持 股283.65万股，相比上期增加60.95万股。富国中证军工指数A（161024）位居第十大流通股东，持股 164.61 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The overall investment strategy involves a combination of bullish, bearish, and neutral outlooks across different sectors and commodities, with specific trading suggestions based on fundamental and technical analyses [2][4]. - For macro - financial products, A - share index futures are expected to oscillate and rise, and treasury bond futures still have upward momentum [11][13]. - In the black commodities sector, a mid - term bearish approach is recommended for steel and related products, while double - coking products may continue to oscillate in the short term [15][17]. - In the agricultural products sector, different commodities have varying trends, such as cotton in low - level oscillation, sugar with a bearish supply - demand outlook, and eggs with a complex supply - demand and price relationship [28][30][32]. - In the energy and chemical sector, crude oil is expected to be weak, and other products like fuel oil, plastics, etc., follow their own supply - demand and market - driven trends [39][41]. Summary by Relevant Catalogs 1. Based on Fundamental and Technical Analyses - **Fundamental Analysis**: Commodities are classified into trend - bearish (e.g., iron ore), oscillating - bearish, oscillating, oscillating - bullish, and trend - bullish (e.g., lithium carbonate) based on fundamental factors [2]. - **Technical Analysis**: Commodities are divided into bearish (e.g., corn starch), oscillating (e.g., Shanghai aluminum), and bullish (e.g., palm oil) based on quantitative indicators [4]. 2. Macro News - China has adjusted export control measures and trade policies, with trade data showing continuous growth in imports and a short - term decline in exports in October. CPI and PPI have positive changes, and foreign exchange reserves and gold reserves have increased [6][7]. - The US government shutdown has affected economic data release and economic growth, and the Federal Reserve's future policy actions are under consideration [8]. 3. Macro - Financial Products - **Stock Index Futures**: Adopt an oscillating - rising strategy, paying attention to the style switch between IH and IC. A - shares oscillated lower, affected by trade data and price index changes [11]. - **Treasury Bond Futures**: Monetary policy implementation is in the process, and bonds still have upward momentum. The weakening of export data may lead to more relaxed monetary policies [13]. 4. Black Commodities - **Steel and Ore**: In the medium - term winter, a bearish approach is recommended. Market factors include policy, demand, supply, and valuation. The market may first rebound and then decline, and winter storage willingness may be affected [15]. - **Coking Coal and Coke**: Prices may continue to oscillate in the short term, affected by factors such as coal mine production inspections and downstream iron - water production [17]. - **Ferroalloys**: The upper and lower limits of the double - silicon disk are strengthened, and a long - term bearish approach is recommended. Short - term attention should be paid to cost - side disturbances [18]. - **Soda Ash and Glass**: For soda ash, adopt a wait - and - see approach; for glass, try to go long at low prices. The supply and demand of both have their own characteristics and uncertainties [20]. 5. Non - ferrous Metals and New Materials - **Zinc**: Hold short positions at high levels. Domestic zinc inventories have decreased, and the market is affected by domestic and international factors [22]. - **Lithium Carbonate**: Oscillate in the short term, supported by strong fundamentals and inventory reduction, but limited by seasonal demand decline [23]. - **Industrial Silicon and Polysilicon**: Both oscillate within a range, with industrial silicon having a relatively balanced supply - demand relationship, and polysilicon being affected by policy expectations [24]. 6. Agricultural Products - **Cotton**: Oscillate at a low level, affected by supply pressure and weak demand, but supported by price resistance at low levels [28]. - **Sugar**: Adopt a bearish or wait - and - see approach. The global sugar supply is in surplus, and domestic sugar is affected by supply and cost factors [30]. - **Eggs**: Futures are strong in the short term, but the upside of spot prices is limited. Pay attention to the verification of futures expectations by spot prices [32]. - **Apples**: Oscillate strongly. The acquisition season has its own characteristics, and attention should be paid to price trends and inventory consumption [34]. - **Corn**: Pay attention to the upper pressure. The market is affected by supply pressure and policy - related factors [35]. - **Jujubes**: Adopt a wait - and - see approach. The spot market in sales areas is weak, affecting the new jujube order price [36]. - **Pigs**: Supply pressure persists, and the spot price is likely to oscillate weakly. Adopt a bearish approach for near - month contracts [37]. 7. Energy and Chemical Products - **Crude Oil**: Oscillate weakly. Supply exceeds demand, and the price is likely to fall [39]. - **Fuel Oil**: Prices follow crude oil, with a supply - abundant and demand - weak structure [40]. - **Plastics**: Oscillate weakly. Supply pressure is high, but production losses may provide some support [41]. - **Rubber**: Stop falling in the short term due to weather, but face upward pressure [42]. - **Synthetic Rubber**: Oscillate weakly, affected by raw materials and inventory [43]. - **Methanol**: Near - month contracts oscillate weakly, and far - month contracts can be slightly bullish after a rebound [44]. - **Caustic Soda**: Oscillate strongly, affected by spot prices, electricity prices, and other factors [46]. - **Asphalt**: The price fluctuation range is expected to increase, and the focus is on the price bottom after winter - storage games [47]. - **Polyester Industry Chain**: May continue to be strong in the short term, affected by sentiment and news, and pay attention to unexpected device changes [48]. - **Liquefied Petroleum Gas**: Oscillate strongly in the short term due to peak demand, but bearish in the long term due to abundant supply [49]. - **Pulp**: The upside is limited. Observe port de - stocking and spot transactions, and consider short positions at high levels [50]. - **Logs**: Oscillate weakly, with supply pressure and a weakening spot market [51]. - **Urea**: Operate according to policies, with a wide - range oscillation strategy [52].

| | | | 2024沪深两市信息披露考评结果较2023降低两级的公司 | | | | --- | --- | --- | --- | --- | --- | | 公司名称 | 2024考评 | 2023 | 2022 | 地域 | 申万行业 | | 科达制造 | D | B | A | 广东省 | 专用设备 | | *ST宝鹰 | D | B | B | 广东省 | 装修装饰 II | | *ST汇科 | D | B | B | 广东省 | 软件开发 | | *ST建艺 | D | B | B | 广东省 | 装修装饰 II | | *ST新元 | D | B | B | 江西省 | 专用设备 | | ST晨鸣 | D | B | B | 山东省 | 造纸 | | ST华西 | D | B | B | 四川省 | 其他电源设备 II | | ST凯利 | D | B | B | ┣海 | 医疗器械 | | 成都路桥 | D | B | B | 四川省 | 基础建设 | | 节能铁汉 | D | B | B | 广东省 | 基础建设 | | 荃银高科 | C | A | A | 安徽省 | 种植业 | | ...

11月7日，顶点软件盘中下跌2.05%，截至14:15，报38.21元/股，成交8921.85万元，换手率1.13%，总市 值78.48亿元。 资金流向方面，主力资金净流出1044.98万元，特大单买入0.00元，占比0.00%，卖出409.82万元，占比 4.59%；大单买入1275.98万元，占比14.30%，卖出1911.14万元，占比21.42%。 顶点软件今年以来股价涨3.55%，近5个交易日跌3.53%，近20日跌9.82%，近60日跌7.39%。 资料显示，福建顶点软件股份有限公司位于福建省福州市鼓楼区铜盘路软件大道89号G区8-9号楼顶点 软件金融科技中心，成立日期2000年10月25日，上市日期2017年5月22日，公司主营业务涉及致力于利 用自主研发的"灵动业务架构平台(LiveBOS)",为包括证券、期货、银行、电子交易市场等在内的金融行 业及其他行业提供以业务流程管理(BPM)为核心、以"互联网+"应用为重点方向的信息化解决方案。主 营业务收入构成为：软件开发及服务业务98.37%，系统集成业务1.63%。 顶点软件所属申万行业为：计算机-软件开发-垂直应用软件。所属概念板块包括：De ...

Core Viewpoint - Zhongke Xingtou's stock price has shown fluctuations with a year-to-date increase of 18.09%, while recent trading periods indicate a slight decline [1][2]. Company Overview - Zhongke Xingtou, established on January 20, 2006, and listed on July 8, 2020, is located in the Beijing Shunyi District and specializes in software sales, data services, technology development, integrated machine products, and system integration [1]. - The company's revenue composition includes: 53.46% from civil geographic information, 27.46% from special geographic information, 14.34% from commercial aerospace, 4.73% from low-altitude economy, and 0.01% from other sources [1]. Financial Performance - For the period from January to September 2025, Zhongke Xingtou reported a revenue of 2.208 billion yuan, reflecting a year-on-year growth of 10.02%, and a net profit attributable to shareholders of 146 million yuan, with a slight increase of 0.54% [2]. - Since its A-share listing, the company has distributed a total of 279 million yuan in dividends, with 190 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Zhongke Xingtou had 28,900 shareholders, an increase of 18.46% from the previous period, with an average of 27,999 circulating shares per shareholder, down by 15.74% [2]. - The top ten circulating shareholders include notable entities such as the Fortune China Securities Military Industry Leader ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings [3].

天亿马所属申万行业为：计算机-IT服务Ⅱ-IT服务Ⅲ。所属概念板块包括：高铁、数据确权、智能交 通、DeepSeek概念、空间计算等。 截至9月30日，天亿马股东户数9434.00，较上期减少6.52%；人均流通股5244股，较上期增加6.97%。 2025年1月-9月，天亿马实现营业收入2.28亿元，同比增长46.62%；归母净利润419.00万元，同比增长 119.80%。 分红方面，天亿马A股上市后累计派现3074.44万元。近三年，累计派现1189.96万元。 责任编辑：小浪快报 11月7日，天亿马盘中上涨2.03%，截至13:32，报60.80元/股，成交7843.47万元，换手率2.64%，总市值 40.65亿元。 资金流向方面，主力资金净流出84.73万元，特大单买入260.65万元，占比3.32%，卖出230.56万元，占 比2.94%；大单买入1844.15万元，占比23.51%，卖出1958.97万元，占比24.98%。 天亿马今年以来股价涨117.53%，近5个交易日跌2.19%，近20日跌7.60%，近60日涨15.30%。 资料显示，广东天亿马信息产业股份有限公司位于广东省汕头市海滨 ...

Core Viewpoint - The stock of China Overseas Chinese Town A (华侨城A) has shown fluctuations, with a recent increase of 2.07% and a total market capitalization of 19.773 billion yuan, despite a year-to-date decline of 7.87% [1] Financial Performance - For the period from January to September 2025, China Overseas Chinese Town A reported a revenue of 17.025 billion yuan, a year-on-year decrease of 41.95%, and a net profit attributable to shareholders of -4.367 billion yuan, down 85.76% year-on-year [2] - Cumulative cash dividends since the listing amount to 16.503 billion yuan, with no dividends distributed in the past three years [3] Shareholder Structure - As of October 20, 2025, the number of shareholders for China Overseas Chinese Town A is 103,300, a decrease of 2.38% from the previous period, while the average number of circulating shares per person increased by 2.43% to 66,792 shares [2] - The top ten circulating shareholders include notable entities such as the Fortune China Tourism Theme ETF and Hong Kong Central Clearing Limited, with significant increases in their holdings [3]

Company Overview - Wanshun New Materials Co., Ltd. is located in Shantou, Guangdong Province, established on March 6, 1998, and listed on February 26, 2010. The company primarily engages in the production and sales of aluminum foil/aluminum plates, paper products, optoelectronic products, packaging materials, and related trade activities [1][2]. Financial Performance - For the period from January to September 2025, Wanshun New Materials reported a revenue of 4.09 billion yuan, a year-on-year decrease of 13.86%. The net profit attributable to the parent company was -87.08 million yuan, reflecting a year-on-year decline of 140.53% [2]. - The company has cumulatively distributed 433.4 million yuan in dividends since its A-share listing, with 53.33 million yuan distributed over the past three years [3]. Stock Performance - As of November 7, Wanshun New Materials' stock price increased by 2.25%, reaching 6.36 yuan per share, with a trading volume of 175 million yuan and a turnover rate of 3.87%. The total market capitalization stands at 5.71 billion yuan [1]. - Year-to-date, the stock price has risen by 32.22%, with a slight increase of 0.16% over the last five trading days, 3.58% over the last 20 days, and 10.99% over the last 60 days [1]. Shareholder Information - As of October 31, the number of shareholders for Wanshun New Materials is 39,000, a decrease of 2.66% from the previous period. The average number of circulating shares per shareholder is 18,574, an increase of 2.74% [2]. Industry Classification - Wanshun New Materials is classified under the non-ferrous metals industry, specifically in the industrial metals-aluminum sector. The company is associated with several concept sectors, including QLED, aluminum-plastic film, DeepSeek concept, Huawei concept, and flexible electronics [2].

Core Viewpoint - Transsion Holdings has experienced a significant decline in stock price, with a year-to-date drop of 25.29% and a recent 9.23% decrease over the last five trading days [1] Company Overview - Transsion Holdings, established on August 21, 2013, and listed on September 30, 2019, is based in Shenzhen, Guangdong Province. The company focuses on the design, research and development, production, sales, and brand operation of smart terminals, primarily smartphones [1] - The company's revenue composition includes 83.91% from smartphones, 10.22% from other products, and 5.86% from feature phones [1] Financial Performance - For the period from January to September 2025, Transsion Holdings reported a revenue of 49.543 billion yuan, a year-on-year decrease of 3.33%. The net profit attributable to shareholders was 2.148 billion yuan, reflecting a significant year-on-year decline of 44.97% [2] - Since its A-share listing, Transsion Holdings has distributed a total of 13.230 billion yuan in dividends, with 10.620 billion yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Transsion Holdings increased to 25,600, a rise of 13.86%. The average number of circulating shares per person decreased by 12.18% to 44,576 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 19.844 million shares, down by 12.3365 million shares from the previous period. Other notable shareholders include E Fund's and Huaxia's ETFs, which also saw reductions in their holdings [3]