Core Viewpoint - Hengwei Technology's stock has shown a positive trend with a year-to-date increase of 5.73%, reflecting a stable performance in the market [1] Company Overview - Hengwei Technology (Shanghai) Co., Ltd. was established on March 31, 2003, and went public on June 7, 2017. The company specializes in the research, sales, and service of intelligent system solutions [1] - The company's revenue composition includes: 53.67% from network visualization, 46.24% from intelligent system platforms, and 0.09% from other sources [1] Financial Performance - As of September 30, Hengwei Technology reported a revenue of 488 million yuan for the first half of 2025, a year-on-year decrease of 23.19%. The net profit attributable to shareholders was 17.82 million yuan, down 75.16% year-on-year [2] - The company has distributed a total of 136 million yuan in dividends since its A-share listing, with 48.03 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, the number of shareholders for Hengwei Technology was 62,800, a decrease of 20.34% from the previous period. The average number of tradable shares per shareholder increased by 25.54% to 5,098 shares [2] - The top ten circulating shareholders include Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, with the former increasing its holdings by 39,570 shares [3]

Core Viewpoint - Unisplendour Co., Ltd. has shown a mixed performance in stock price and financial metrics, with a slight year-to-date increase and notable fluctuations over different trading periods [1][2]. Financial Performance - For the first half of 2025, Unisplendour achieved a revenue of 47.425 billion yuan, representing a year-on-year growth of 24.96%, while the net profit attributable to shareholders was 1.041 billion yuan, up 4.05% year-on-year [2]. - The company has cumulatively distributed 2.246 billion yuan in dividends since its A-share listing, with 615 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 24, Unisplendour's stock price increased by 2.01% to 27.92 yuan per share, with a trading volume of 643 million yuan and a turnover rate of 0.81%, resulting in a total market capitalization of 79.853 billion yuan [1]. - The stock has seen a year-to-date increase of 0.59%, a 5-day increase of 3.06%, a 20-day decrease of 9.76%, and a 60-day increase of 12.22% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 1.31 billion yuan on February 21 [1]. Shareholder Structure - As of September 19, the number of shareholders for Unisplendour was 260,000, a decrease of 10.34% from the previous period, with an average of 11,000 circulating shares per person, an increase of 11.54% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 66.1551 million shares, an increase of 9.2655 million shares from the previous period [3].

Core Insights - The company reported a revenue of 926 million yuan for the first three quarters of 2025, representing a year-on-year decline of 12.05% [1] - The net profit attributable to shareholders was -99.41 million yuan, an increase of 32.11% year-on-year [1] - The basic earnings per share stood at -0.20 yuan [2] Financial Performance - The gross margin for the first three quarters was 12.75%, up by 3.99 percentage points year-on-year [2] - The net margin was -9.96%, an improvement of 3.28 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 11.91%, showing a year-on-year increase of 5.52% but a quarter-on-quarter decrease of 3.16% [2] - The net margin for Q3 was -9.01%, up 6.05% year-on-year but down 0.28 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 222 million yuan, a decrease of 4.87 million yuan year-on-year [2] - The expense ratio was 23.98%, an increase of 2.43 percentage points compared to the same period last year [2] - Sales expenses increased by 10.11% year-on-year, while management expenses decreased by 3.24%, and R&D expenses decreased by 11.99% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 65,700, a decrease of 22,700 (25.68%) from the end of the previous half [2] - The average market value per shareholder increased from 110,400 yuan to 181,300 yuan, a growth of 64.21% [2] Company Overview - Beijing Capital Online Technology Co., Ltd. was established on July 13, 2005, and listed on July 1, 2020 [3] - The company specializes in high-performance IDC services and cloud services, with revenue composition of 49.89% from cloud hosting and related services, 45.83% from IDC services, and 4.28% from other income [3] - The company belongs to the computer-IT services sector and is involved in various concept sectors including AI training and autonomous driving [3]

Core Viewpoint - The stock price of Zhimi Intelligent has shown a significant increase of 48.59% year-to-date, with recent fluctuations indicating a mixed performance in the short term [2]. Group 1: Stock Performance - As of October 21, Zhimi Intelligent's stock rose by 2.01%, reaching 54.25 CNY per share, with a trading volume of 1.49 billion CNY and a turnover rate of 2.33%, resulting in a total market capitalization of 13.677 billion CNY [1]. - Year-to-date, the stock has increased by 48.59%, with a slight rise of 0.95% over the last five trading days, a decline of 9.40% over the last 20 days, and a marginal increase of 0.54% over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Zhimi Intelligent reported a revenue of 1.947 billion CNY, reflecting a year-on-year growth of 15.29%, while the net profit attributable to shareholders was 102 million CNY, marking an impressive increase of 80.08% [3]. Group 3: Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders for Zhimi Intelligent reached 38,400, an increase of 10.26% from the previous period, with an average of 1,948 shares held per shareholder, down by 7.28% [3]. - The company has distributed a total of 60.0569 million CNY in dividends since its A-share listing [4]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 1.2326 million shares, a decrease of 1.7431 million shares from the previous period [4].

Core Viewpoint - China Great Wall's stock price has shown a mixed performance in recent trading sessions, with a year-to-date increase of 12.15% but a decline of 3.20% over the last five trading days [1] Financial Performance - For the first half of 2025, China Great Wall reported revenue of 6.366 billion yuan, representing a year-on-year growth of 4.78%, and a net profit attributable to shareholders of 138 million yuan, which is a significant increase of 132.80% compared to the previous year [2] Stock Market Activity - As of October 21, the stock price was 16.34 yuan per share, with a trading volume of 725 million yuan and a market capitalization of 52.71 billion yuan [1] - The stock has been featured on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the most recent appearance on August 14 [1] Shareholder Information - As of October 10, the number of shareholders decreased to 390,400, a reduction of 7.99%, while the average number of circulating shares per person increased by 8.69% to 8,261 shares [2] - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 38.33 million shares, a decrease of 5.48 million shares from the previous period [3] Dividend Distribution - Since its A-share listing, China Great Wall has distributed a total of 1.855 billion yuan in dividends, with 22.58 million yuan distributed over the past three years [3] Business Segments - The company's main business segments include computing industry (80.86% of revenue), system equipment (13.52%), and other supplementary services (5.62%) [1]

Core Viewpoint - The stock of Deepin Technology has shown significant volatility, with a year-to-date increase of 85.97%, but recent declines in the short term raise questions about future performance [1][2]. Financial Performance - For the first half of 2025, Deepin Technology reported revenue of 3.009 billion yuan, reflecting a year-on-year growth of 11.16%, while the net profit attributable to shareholders was -228 million yuan, showing a year-on-year increase of 61.54% [2]. - Cumulative cash dividends since the company's A-share listing amount to 297 million yuan, with 47.07 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 21, the stock price was 106.63 yuan per share, with a market capitalization of 44.985 billion yuan. The stock experienced a net inflow of 19.63 million yuan from main funds [1]. - The stock has seen a 1.43% decline over the past five trading days and a 15.19% decline over the past 20 days, despite a 4.70% increase over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 14.04% to 27,600, with an average of 10,081 circulating shares per person, an increase of 16.35% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Wanjiayouxuan, with notable changes in their holdings [3].

Core Viewpoint - Hongxin Electronics has shown a mixed performance in stock price, with a year-to-date increase of 30.76% but a recent decline over the past five and twenty trading days [1][2]. Group 1: Stock Performance - As of October 20, Hongxin Electronics' stock price rose by 2.03% to 29.63 CNY per share, with a market capitalization of 14.298 billion CNY [1]. - The stock has experienced a decline of 7.92% over the last five trading days and 11.87% over the last twenty trading days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) once this year, with the last appearance on February 17 [1]. Group 2: Financial Performance - For the first half of 2025, Hongxin Electronics reported a revenue of 3.494 billion CNY, representing a year-on-year growth of 15.01% [2]. - The net profit attributable to shareholders for the same period was 53.9931 million CNY, reflecting a year-on-year increase of 9.85% [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 13.85% to 72,600, while the average number of circulating shares per person increased by 16.07% to 6,292 shares [2]. - The top ten circulating shareholders include significant holdings from various ETFs, with notable increases in shares held by Southern CSI 1000 ETF and others [3]. Group 4: Business Overview - Hongxin Electronics, established on September 8, 2003, and listed on May 23, 2017, specializes in the research, production, and sales of flexible printed circuit boards (FPC), rigid-flex boards, and backlight modules [1]. - The revenue composition of the company includes 48.49% from printed circuit boards, 42.41% from computing and related businesses, 8.01% from backlight modules, and 1.09% from other sources [1]. - The company operates within the electronic components sector, specifically in printed circuit boards, and is associated with concepts such as full-screen displays, Alibaba, all-in-one machines, foldable screens, and the metaverse [1].

Core Viewpoint - The stock of Fenghuo Communication has shown significant fluctuations, with a year-to-date increase of 38.89% and a recent decline of 3.70% over the past five trading days, indicating volatility in investor sentiment and market conditions [1]. Company Overview - Fenghuo Communication, established on December 25, 1999, and listed on August 23, 2001, is based in Wuhan, Hubei Province. The company specializes in the research, production, and sales of network information security products and mobile information products [1]. - The main revenue composition includes: 78.51% from communication system equipment, 18.02% from optical fiber cables, 1.98% from data network products, and 1.49% from other sources [1]. Financial Performance - For the first half of 2025, Fenghuo Communication reported operating revenue of 11.117 billion yuan, a year-on-year decrease of 19.73%. However, the net profit attributable to shareholders increased by 32.02% to 287 million yuan [2]. - The company has cumulatively distributed 3.791 billion yuan in dividends since its A-share listing, with 494 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Fenghuo Communication was 128,200, a decrease of 8.49% from the previous period. The average number of tradable shares per shareholder increased by 9.28% to 9,102 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 15.7589 million shares, an increase of 242,300 shares from the previous period. Southern CSI 500 ETF ranks as the sixth largest shareholder with 10.5624 million shares, up by 1.3183 million shares [3]. Market Activity - On October 16, the stock price of Fenghuo Communication rose by 2.02% to 26.78 yuan per share, with a trading volume of 561 million yuan and a turnover rate of 1.79%. The total market capitalization reached 34.525 billion yuan [1]. - The net inflow of main funds was 10.5002 million yuan, with significant buying and selling activities recorded [1].

Core Viewpoint - The stock of Electric Science Digital has experienced fluctuations, with a current price of 28.96 CNY per share, reflecting a year-to-date increase of 22.97% and a recent decline of 2.16% [1] Financial Performance - For the first half of 2025, Electric Science Digital reported a revenue of 4.855 billion CNY, representing a year-on-year growth of 7.56%. However, the net profit attributable to shareholders decreased by 19.33% to 108 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 1.827 billion CNY, with 755 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, the number of shareholders for Electric Science Digital reached 38,700, an increase of 0.55% from the previous period. The average number of circulating shares per person rose by 10.22% to 17,566 shares [2] - By June 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders [3] Market Activity - The stock has seen a trading volume of 134 million CNY with a turnover rate of 0.67%. The net outflow of main funds was 16.2586 million CNY, with significant buying and selling activity noted [1]

Core Viewpoint - The stock price of Electric Science Digital has shown a significant increase of 26.75% year-to-date, despite a recent decline of 1.16% over the past five trading days, indicating volatility in the market [2] Group 1: Stock Performance - As of October 10, the stock price reached 29.85 CNY per share, with a market capitalization of 20.304 billion CNY [1] - The stock has experienced a 12.13% increase over the past 20 days and a 24.43% increase over the past 60 days [2] Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 4.855 billion CNY, reflecting a year-on-year growth of 7.56%, while the net profit attributable to shareholders was 108 million CNY, a decrease of 19.33% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.827 billion CNY, with 755.6 million CNY distributed over the last three years [3] Group 3: Shareholder Information - As of September 30, the number of shareholders increased to 38,700, with an average of 17,566 circulating shares per person, marking a 10.22% increase [2] - The largest shareholders list saw the exit of Hong Kong Central Clearing Limited from the top ten shareholders as of June 30, 2025 [3] Group 4: Business Overview - Electric Science Digital, established in September 1993 and listed in March 1994, specializes in industry information solutions, data center intelligence solutions, and ongoing services [2] - The company's revenue composition includes 89.38% from industry digitization, 6.88% from new digital infrastructure, and 4.13% from digital products [2] - The company operates within the IT services sector and is associated with concepts such as edge computing and artificial intelligence [2]