Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing growth in its cross-border e-commerce business, benefiting from the depreciation of the RMB and the demand for consumer electronics, particularly in small household appliances and audio products. Group 1: Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the R&D, production, and sales of precision metal connectors and consumer electronics, including smart small appliances and computer peripherals [7] - The company's main revenue sources are: sliding rails (71.62%), smart small appliances (16.77%), power supplies (8.01%), and others (3.60%) [7] - As of December 20, the number of shareholders is 20,200, with an average of 17,633 circulating shares per person [7] Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.112 billion yuan, a year-on-year decrease of 6.23%, while the net profit attributable to the parent company was 2.6922 million yuan, a year-on-year increase of 106.21% [7] - The company has distributed a total of 71.1607 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [8] Group 3: Market Activity - On January 6, the company's stock rose by 0.79%, with a trading volume of 79.8007 million yuan and a turnover rate of 3.52%, resulting in a total market capitalization of 2.935 billion yuan [1] - The company's cross-border e-commerce segment includes small appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2] - The overseas revenue accounted for 67.99% of the company's total revenue, benefiting from the depreciation of the RMB [3] Group 4: Technical Analysis - The average trading cost of the company's shares is 6.99 yuan, with recent chip reduction slowing down; the current stock price is near a support level of 6.35 yuan [6] - The main capital inflow today was 7.2784 million yuan, accounting for 0.09% of the total, with no significant trend in main capital [5]

资金分析 今日主力净流入-97.74万，占比0.03%，行业排名45/76，连续3日被主力资金减仓；所属行业主力净流入 1.53亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-97.74万-233.72万-201.23万-328.82万-1336.59万 主力持仓 来源：新浪证券-红岸工作室 1月5日，美新科技涨0.44%，成交额3290.01万元，换手率2.44%，总市值21.69亿元。 异动分析 粤港澳大湾区+人民币贬值受益 1、公司位于广东省惠州市惠东县大岭镇十二托乌塘地段。 2、根据2024年年报，公司海外营收占比为97.08%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 该股筹码平均交易成本为19.56元，近期该股有吸筹现象，但吸筹力度不强；目前股价靠近压力位 18.33，谨防压力位处回调，若突破压力位则可能会开启一波上涨行情。 公司简介 资料显示，美新科技股份有限公司位于广东省惠州市惠东县大岭镇十二托乌塘地段，成立日期2004年6 月16日，上市日期2024年3月13日，公司主营业务涉及主要从事塑 ...

Group 1 - The core viewpoint of the news is that Tian Shun Co., Ltd. has experienced a decline in stock price and financial performance, indicating potential challenges in its operations [1][2]. - As of January 5, the stock price of Tian Shun Co., Ltd. fell by 2.03% to 15.44 CNY per share, with a total market capitalization of 2.351 billion CNY [1]. - The company reported a net outflow of 10.07 million CNY in principal funds, with significant selling pressure observed in large orders [1]. Group 2 - Tian Shun Co., Ltd. operates primarily in third-party logistics for bulk and oversized goods, with its main revenue sources being international air logistics (71.53%), third-party logistics (17.63%), and supply chain management (9.48%) [1]. - For the period from January to September 2025, the company achieved a revenue of 782 million CNY, representing a year-on-year decrease of 22.67%, and a net profit attributable to shareholders of -12.67 million CNY, a decline of 170.04% [2]. - The company has distributed a total of 44.27 million CNY in dividends since its A-share listing, with 4.57 million CNY distributed in the last three years [3].

Core Viewpoint - The stock price of New Dazheng has increased by 2.14% this year, reflecting a positive trend in the company's performance and market interest [2]. Group 1: Stock Performance - As of January 5, New Dazheng's stock price reached 12.42 CNY per share, with a trading volume of 35.83 million CNY and a turnover rate of 1.37%, resulting in a total market capitalization of 2.81 billion CNY [1]. - The stock has shown a 1.97% increase over the last five trading days, a 6.33% increase over the last 20 days, and a 6.14% increase over the last 60 days [2]. Group 2: Company Overview - New Dazheng Property Group Co., Ltd. is located in Yuzhong District, Chongqing, and was established on December 10, 1998, with its listing date on December 3, 2019 [2]. - The company specializes in smart city public building and facility management, providing comprehensive property management services, professional management services, and value-added services [2]. - The revenue composition of the company includes: basic business 87.79%, urban services 8.22%, innovative business 3.86%, and others 0.13% [2]. Group 3: Financial Performance - For the period from January to September 2025, New Dazheng reported operating revenue of 2.27 billion CNY, a year-on-year decrease of 11.82%, and a net profit attributable to shareholders of 104 million CNY, a decrease of 2.97% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 415 million CNY in dividends, with 230 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for New Dazheng was 15,200, an increase of 6.68% from the previous period, with an average of 14,059 circulating shares per person, a decrease of 6.26% [2]. - Among the top ten circulating shareholders, Dongfanghong Yuanjian Value Mixed A (010714) ranked as the seventh largest shareholder, holding 2.8237 million shares, an increase of 90,100 shares from the previous period [3].

Core Viewpoint - Huaye Flavor has shown a stock price increase of 2.05% as of January 5, 2025, with a current price of 26.44 CNY per share and a market capitalization of 1.978 billion CNY [1] Group 1: Stock Performance - The stock price of Huaye Flavor has increased by 2.05% year-to-date, with a 1.34% increase over the last five trading days, a 0.41% decrease over the last 20 days, and a 9.08% decrease over the last 60 days [1] - The trading volume reached 21.44 million CNY with a turnover rate of 1.87% [1] Group 2: Company Overview - Huaye Flavor, established on July 12, 2002, and listed on September 16, 2020, is located in Qianshan City, Anhui Province, and specializes in the research, production, and sales of lactone series synthetic flavors [1] - The revenue composition of Huaye Flavor includes 85.85% from gamma-lactone products, 10.03% from delta-lactone products, and 4.12% from other sources [1] - The company is classified under the beauty care-cosmetics manufacturing industry and is part of several concept sectors including micro-cap stocks, small-cap stocks, cosmetics, and margin trading [1] Group 3: Financial Performance - For the period from January to September 2025, Huaye Flavor achieved a revenue of 273 million CNY, representing a year-on-year growth of 6.19%, and a net profit attributable to shareholders of 24.84 million CNY, reflecting a year-on-year increase of 39.41% [1] - Since its A-share listing, Huaye Flavor has distributed a total of 30.12 million CNY in dividends, with 14.92 million CNY distributed over the past three years [1] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Huaye Flavor is 10,600, a decrease of 16.79% from the previous period, while the average circulating shares per person increased by 20.17% to 4,104 shares [1] - Among the top ten circulating shareholders, CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is the seventh largest shareholder, holding 299,400 shares as a new investor [2]

Core Viewpoint - Mogao Co., Ltd. has experienced a stock price increase of 2.07% this year, but has seen declines in the short term, indicating volatility in its market performance [1][2]. Company Overview - Mogao Co., Ltd. is located in Lanzhou, Gansu Province, and was established on December 29, 1995, with its stock listed on March 24, 2004. The company primarily engages in grape cultivation and wine production and sales [2]. - The revenue composition of Mogao Co., Ltd. includes: membrane bags (45.95%), biodegradable materials and products (24.97%), pharmaceuticals (12.71%), other (8.24%), and agricultural planting and processing (8.13%) [2]. Financial Performance - For the period from January to September 2025, Mogao Co., Ltd. reported a revenue of 143 million yuan, representing a year-on-year decrease of 36.49%. The net profit attributable to shareholders was -49.87 million yuan, reflecting a year-on-year decline of 83.10% [2]. - The company has distributed a total of 41.9765 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Market Activity - As of January 5, the stock price of Mogao Co., Ltd. was 5.42 yuan per share, with a trading volume of 7.2701 million yuan and a turnover rate of 0.42%, resulting in a total market capitalization of 1.740 billion yuan [1]. - The company has seen a decrease in shareholder accounts by 18.04% to 21,900, while the average circulating shares per person increased by 22.02% to 14,652 shares [2]. Industry Classification - Mogao Co., Ltd. is classified under the food and beverage sector, specifically in the non-white liquor category, and is associated with concepts such as wine, micro-cap stocks, rural revitalization, Gansu state-owned assets, and low-priced stocks [2].

1月5日，严牌股份盘中上涨2.07%，截至09:53，报10.34元/股，成交755.27万元，换手率0.34%，总市值 23.49亿元。 严牌股份所属申万行业为：环保-环保设备Ⅱ-环保设备Ⅲ。所属概念板块包括：微盘股、小盘、污水处 理、节能环保、融资融券等。 截至12月19日，严牌股份股东户数8144.00，较上期减少0.92%；人均流通股26764股，较上期增加 0.93%。2025年1月-9月，严牌股份实现营业收入6.58亿元，同比增长18.09%；归母净利润1415.68万元， 同比减少66.31%。 分红方面，严牌股份A股上市后累计派现2.64亿元。近三年，累计派现1.78亿元。 责任编辑：小浪快报 严牌股份今年以来股价涨2.07%，近5个交易日跌0.39%，近20日跌3.54%，近60日涨1.27%。 资料显示，浙江严牌过滤技术股份有限公司位于浙江省天台县始丰街道永兴路1号，成立日期2014年5月 28日，上市日期2021年10月20日，公司主营业务涉及环保过滤材料的研发、生产和销售业务。主营业务 收入构成为：无纺系列53.53%，机织系列40.70%，其他(补充)5.77%。 ...

Core Viewpoint - The stock of Baolijia has shown a slight increase of 2.08% since the beginning of the year, with a current market value of 2.044 billion yuan, indicating a stable performance in the chemical industry despite a decrease in revenue [1] Group 1: Company Overview - Baolijia Chemical Co., Ltd. is located in Minhang District, Shanghai, and was established on August 24, 2001, with its stock listed on July 30, 2021 [1] - The company primarily engages in the research, production, and sales of water-based acrylic emulsions, with its main business revenue composition being: construction emulsions 54.83%, waterproof emulsions 18.05%, packaging emulsions 9.87%, additives and others 8.69%, and textile emulsions 8.57% [1] Group 2: Financial Performance - For the period from January to September 2025, Baolijia achieved an operating income of 1.382 billion yuan, a year-on-year decrease of 18.35%, while the net profit attributable to shareholders increased by 110.21% to 7.0846 million yuan [1] - Since its A-share listing, Baolijia has distributed a total of 5.4705 million yuan in dividends, with no dividends paid in the last three years [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Baolijia was 7,078, a decrease of 6.75% from the previous period, with an average of 9,606 circulating shares per person, an increase of 7.23% [1] - Notable new institutional shareholders include Huaxia Zhisheng Pioneer Stock (LOF) A, holding 669,400 shares, and CITIC Prudential Multi-Strategy Mixed (LOF) A, holding 618,600 shares, both ranking among the top ten circulating shareholders [2]

必易微所属申万行业为：电子-半导体-模拟芯片设计。所属概念板块包括：微盘股、小盘、智能家居、 储能、小米概念等。 截至9月30日，必易微股东户数6367.00，较上期增加5.87%；人均流通股5920股，较上期减少5.54%。 2025年1月-9月，必易微实现营业收入4.61亿元，同比减少3.15%；归母净利润-279.30万元，同比增长 86.29%。 机构持仓方面，截止2025年9月30日，必易微十大流通股东中，诺安多策略混合A（320016）退出十大 流通股东之列。 1月5日，必易微盘中上涨2.09%，截至09:49，报39.50元/股，成交1433.28万元，换手率0.53%，总市值 27.59亿元。 资金流向方面，主力资金净流入15.24万元，特大单买入0.00元，占比0.00%，卖出109.48万元，占比 7.64%；大单买入349.29万元，占比24.37%，卖出224.57万元，占比15.67%。 必易微今年以来股价涨2.09%，近5个交易日涨1.59%，近20日涨4.41%，近60日跌15.67%。 资料显示，深圳市必易微电子股份有限公司位于广东省深圳市南山区西丽街道西丽社区打石二路万科云 ...

ETF 规模扰动提前透支了 A500 主线行情预期，量化策略风险敞口边际进一步收紧空 间有限，2026 年 1 月微盘股复苏节奏有望比往年提前。从 IM 基差维度来看，对冲策 略有望节后重新建仓，其将是小微盘复苏的重要催化。 ❑ 如何理解微盘股 4 季度的震荡行情？ 对冲策略年末保收益，资金面形成蓄力。12 月末私募基金需要根据当年收益来 计提业绩报酬，而 2025 年量化产品在上下半年呈现两极分化的表现，上半年平 均 500 指增超额年化 22.7%，大幅领先其他权益类产品。而下半年，尤其是 8 月 上旬至 9 月中旬，量化策略普遍跑输市场，对冲类产品更是受基差影响，平均回 撤 3%-5%左右。因此，年末私募产品对风险的敏感度比往年更高，从基差变化 可以看出，期货空头力量频繁变化，IM 年化基差在 18%-5%之间大幅波动，截 至 12 月 31 日，IM 年化基差收敛至 5%附近。即使是指增多头类策略，面对 A500 带来的权重股强势行情，风险敞口亦大幅收紧。对此，我们认为转机有望 在元旦后出现，对冲产品批量建仓，量化敞口的放开，都将为小微盘带来结构性 资金流入。 ❑ 如何理解 A 股微型股长期牛市？ 微 ...