截至9月30日，澜起科技股东户数9.29万，较上期增加36.10%；人均流通股12326股，较上期减少 26.50%。2025年1月-9月，澜起科技实现营业收入40.58亿元，同比增长57.83%；归母净利润16.32亿元， 同比增长66.89%。 分红方面，澜起科技A股上市后累计派现23.67亿元。近三年，累计派现13.50亿元。 机构持仓方面，截止2025年9月30日，澜起科技十大流通股东中，香港中央结算有限公司位居第一大流 通股东，持股1.45亿股，相比上期增加2972.74万股。易方达上证科创板50ETF（588080）位居第五大流 通股东，持股3911.50万股，相比上期减少828.05万股。华夏上证科创板50成份ETF（588000）位居第六 大流通股东，持股3821.67万股，相比上期减少1415.66万股。嘉实上证科创板芯片ETF（588200）位居 第七大流通股东，持股2599.58万股，相比上期减少117.67万股。华夏上证50ETF（510050）位居第八大 流通股东，持股2187.86万股，相比上期减少60.18万股。华泰柏瑞沪深300ETF（510300）位居第九大流 通股东，持股1 ...

12月2日，菲利华盘中下跌2.03%，截至11:03，报75.12元/股，成交5.89亿元，换手率1.51%，总市值 392.33亿元。 资金流向方面，主力资金净流出355.78万元，特大单买入2759.38万元，占比4.69%，卖出3968.13万元， 占比6.74%；大单买入1.39亿元，占比23.64%，卖出1.31亿元，占比22.19%。 今年以来菲利华已经1次登上龙虎榜，最近一次登上龙虎榜为8月13日，当日龙虎榜净买入-3.22亿元； 买入总计6.59亿元 ，占总成交额比16.31%；卖出总计9.81亿元 ，占总成交额比24.27%。 资料显示，湖北菲利华石英玻璃股份有限公司位于湖北省荆州市东方大道68号，成立日期1999年1月22 日，上市日期2014年9月10日，公司主营业务涉及主要从事光通讯、半导体、太阳能、航空航天及其他 领域用高性能石英玻璃材料及制品、石英纤维及制品的生产与销售业务。主营业务收入构成为：石英玻 璃材料70.80%，石英玻璃制品28.91%，其他0.30%。 分红方面，菲利华A股上市后累计派现6.77亿元。近三年，累计派现2.75亿元。 机构持仓方面，截止2025年9月30日 ...

Group 1 - The core viewpoint of the news is that Beijing Jin Chengzi Technology Co., Ltd. has experienced fluctuations in its stock price and trading volume, with a notable increase in stock price year-to-date but recent declines in the short term [1][2] - As of December 2, the stock price of Jin Chengzi is 35.03 CNY per share, with a market capitalization of 3.596 billion CNY and a trading volume of 1.04 billion CNY [1] - The company has seen a year-to-date stock price increase of 83.83%, but a decline of 4.81% in the last five trading days [1] Group 2 - Jin Chengzi's main business involves the research and sales of laser processing equipment motion control systems, contributing 74.14% to its revenue [2] - The company was established on January 14, 2004, and went public on October 26, 2022 [2] - As of November 20, the number of shareholders has increased by 0.15% to 6,819, with an average of 15,055 circulating shares per person [2] Group 3 - For the period from January to September 2025, Jin Chengzi achieved a revenue of 185 million CNY, representing a year-on-year growth of 15.80%, and a net profit of 36.51 million CNY, up 32.86% [2][3] - The company has distributed a total of 47.56 million CNY in dividends since its A-share listing [3] - As of September 30, 2025, the top ten circulating shareholders include new shareholder Nanhua Fenghui Mixed A, holding 221,000 shares [3]

12月2日，江丰电子盘中下跌2.01%，截至10:31，报86.49元/股，成交2.80亿元，换手率1.45%，总市值 229.48亿元。 江丰电子所属申万行业为：电子-半导体-半导体材料。所属概念板块包括：集成电路、半导体、芯片概 念、长三角一体化、第三代半导体等。 截至11月20日，江丰电子股东户数5.99万，较上期减少3.11%；人均流通股3691股，较上期增加3.21%。 2025年1月-9月，江丰电子实现营业收入32.91亿元，同比增长25.37%；归母净利润4.01亿元，同比增长 39.72%。 分红方面，江丰电子A股上市后累计派现2.79亿元。近三年，累计派现1.88亿元。 机构持仓方面，截止2025年9月30日，江丰电子十大流通股东中，易方达创业板ETF（159915）位居第 四大流通股东，持股441.51万股，相比上期减少74.69万股。香港中央结算有限公司退出十大流通股东之 列。 责任编辑：小浪快报 资金流向方面，主力资金净流出1078.22万元，特大单买入1018.10万元，占比3.64%，卖出1978.19万 元，占比7.07%；大单买入8149.62万元，占比29.13%，卖出826 ...

Core Viewpoint - The acquisition of a 6.4969% stake in Hangzhou Hualan Microelectronics Co., Ltd. by Garden Holdings has led to a significant drop in its stock price following an inquiry from the Shanghai Stock Exchange regarding the transaction [1][2] Group 1: Stock Performance - On December 2, Garden Holdings' stock price fell sharply, reaching a decline of 9.74% to 21.49 yuan per share, with a brief touch of the daily limit down [1] - From January 2 to December 1, the company's stock had previously seen a cumulative increase of 214.12% [1] Group 2: Transaction Details - Garden Holdings announced plans to purchase the stake for 112 million yuan, stating that the transaction does not constitute a related party transaction or a major asset restructuring, and does not require shareholder approval [1] - The company is involved in a full industry chain of landscaping services, while Hualan Micro is a provider of components in the domestic data storage sector [1] Group 3: Inquiry from Shanghai Stock Exchange - The inquiry from the Shanghai Stock Exchange highlighted that Hualan Micro had previously applied for an IPO in December 2022 but withdrew the application in May 2024 [2] - Hualan Micro reported revenues of 565 million yuan in 2022 and 221 million yuan in the first nine months of 2023, with net profits of -111 million yuan and -78 million yuan respectively, indicating a trend of declining revenue and increasing losses [2] - The exchange requested explanations regarding the reasons for Hualan Micro's continuous losses, comparisons with industry peers, and the rationale behind the transaction's valuation and payment arrangements [2]

Core Viewpoint - The stock of Silicon Electric Co., Ltd. has shown significant growth in 2023, with a year-to-date increase of 41.92% and notable recent performance in trading volumes and market capitalization [1][2]. Group 1: Stock Performance - As of December 2, the stock price reached 222.77 yuan per share, with a market capitalization of 9.296 billion yuan [1]. - The stock has experienced a 10.12% increase over the last five trading days, a 16.94% increase over the last 20 days, and a 37.74% increase over the last 60 days [1]. - The company has appeared on the trading leaderboard 14 times this year, with the most recent appearance on September 26, where it recorded a net buy of -86.72 million yuan [1]. Group 2: Company Overview - Silicon Electric Co., Ltd. was established on December 25, 2003, and is located in Longgang District, Shenzhen, Guangdong Province [2]. - The company specializes in the research, production, and sales of semiconductor equipment, focusing on semiconductor probe testing technology [2]. - The revenue composition includes 54.52% from die probe tables, 34.00% from wafer probe tables, and 11.48% from other sources [2]. Group 3: Financial Performance - For the period from January to September 2025, the company reported a revenue of 289 million yuan and a net profit attributable to shareholders of 25.06 million yuan, reflecting a year-on-year decrease of 61.30% [2]. - Cumulative cash dividends since the A-share listing amount to 39.9747 million yuan [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 15.30% to 12,100, with an average of 862 circulating shares per person, a decrease of 13.27% [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 266,000 shares, an increase of 181,800 shares from the previous period [3].

Core Viewpoint - The stock of Shenzhen Technology Co., Ltd. (深科技) has experienced fluctuations, with a recent decline of 2.03% and a year-to-date increase of 27.77% [1] Group 1: Stock Performance - As of December 2, the stock price is 24.11 CNY per share, with a market capitalization of 37.893 billion CNY [1] - The stock has seen a net outflow of 12.6181 million CNY from main funds, with significant buying and selling activity [1] - Over the past 20 days, the stock has decreased by 10.60%, while it has increased by 3.12% in the last 5 trading days [1] Group 2: Company Overview - Shenzhen Technology Co., Ltd. was established on July 4, 1985, and listed on February 2, 1994, focusing on advanced manufacturing in various electronic products [2] - The company's revenue composition includes high-end manufacturing (50.52%), storage semiconductor business (27.13%), and intelligent metering terminals (21.70%) [2] - The company operates in the electronic-consumer electronics sector and is involved in several concept sectors, including semiconductor and automotive electronics [2] Group 3: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 11.278 billion CNY, reflecting a year-on-year growth of 3.93%, and a net profit of 756 million CNY, up 14.27% [2] - The company has distributed a total of 3.958 billion CNY in dividends since its A-share listing, with 702 million CNY distributed in the last three years [3] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders is 216,900, a decrease of 5.73% from the previous period, with an average of 7,244 circulating shares per person [2][3] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 28.6221 million shares, an increase of 15.6346 million shares from the previous period [3]

Core Viewpoint - Company Amway Co., Ltd. (300218.SZ) has successfully applied its silicon-based materials and TPU process technology in various fields including home furnishings, automotive interiors, consumer electronics, and functional footwear materials [1] Group 1: Product Applications - The company's TPU materials are characterized by vibrant colors, strong fashion appeal, lightweight, and excellent comprehensive performance including wear resistance, acid resistance, alkali resistance, hydrolysis resistance, and solvent resistance, along with being eco-friendly [1] - Currently, the company has not combined its TPU materials with nanomaterials [1] Group 2: Market Expansion - The company's semiconductor-related materials have achieved small-scale production, although this segment currently contributes a small proportion to the overall revenue [1] - The company is actively expanding its market and customer base, striving to increase sales [1]

证券研究报告 | 2025年12月02日 | 晨会纪要 | | --- | | 数据日期:2025-12-01 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 3914.00 | 13146.71 | 4576.48 | 14149.78 | 3822.65 | 1336.75 | | 涨跌幅度（%） | 0.65 | 1.25 | 1.10 | 1.10 | 1.09 | 0.72 | | 成交金额（亿元） | 7856.58 | 10882.79 | 4638.61 | 3556.73 | 5183.00 | 654.92 | 【重点推荐】 金融工程 金融工程周报:ETF 周报-上周股票型 ETF 涨幅中位数达 2.4%，AI ETF 领 涨 【常规内容】 宏观与策略 固定收益投资策略:2025 年 12 月转债市场研判及"十强转债"组合 固定收益投资策略:债海观潮，大势研判——多空交织，利率低位震荡 行业与公司 食品饮料周报（25 年第 4 ...

Core Viewpoint - The establishment of Guoxin Holdings (Chongqing) Co., Ltd. marks a significant step in enhancing cooperation between China Guoxin and Chongqing, focusing on strategic emerging industries and the development of the western financial center [1][2]. Group 1: Company Overview - China Guoxin Holdings Co., Ltd. was founded on December 22, 2010, and is one of the central enterprises regulated by the State-owned Assets Supervision and Administration Commission (SASAC) [4]. - The company was designated as a pilot for state-owned capital operation by the State Council in early 2016 and officially transitioned to a phase of continuous deepening reform in December 2022 [4]. - As of the end of 2024, the total assets of the company are expected to reach 980 billion yuan, with annual profits exceeding 20 billion yuan for four consecutive years [4]. Group 2: Strategic Cooperation - The leadership of Chongqing expressed gratitude for China Guoxin's support in the development of strategic emerging industries and the construction of the western financial center [2]. - The local government aims to leverage the recent developments to enhance the economic capabilities of the Chengdu-Chongqing economic circle and accelerate the construction of the western land-sea new corridor [2]. - China Guoxin is committed to increasing its investment in Chongqing, focusing on sectors such as semiconductors, artificial intelligence, advanced materials, biomedicine, low-altitude economy, and new energy vehicles [3].