免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 （记者 张海妮） 每经AI快讯，海通国际11月6日发布研报称，给予福耀玻璃（600660.SH，最新价：67.45元）"优于大 市"评级，目标价格为74.67元。评级理由主要包括：1）公司发布2025年三季报；2）利润短期承压，属 非经营性扰动；3）海外增长超预期，产能有序释放+结构优化支撑中期增长；4）新业务进入放量期， 铝饰条成第二增长极。风险提示：乘用车产销不及预期，地缘政治风险加剧，宏观经济增长低于预期， 公司产能释放不及预期等。 每经头条（nbdtoutiao）——36天，美国联邦政府"停摆"创纪录！航空濒临关闭，军饷发放困难，债务 增超6000亿美元...... ...

期货市场交易指引 2025 年 11 月 06 日 | | 宏观金融 | | --- | --- | | ◆股指： | 中长期看好，逢低做多 | | ◆国债： | 震荡运行 | | | 黑色建材 | | ◆焦煤： | 区间交易 | | ◆螺纹钢： | 区间交易 | | ◆玻璃： | 卖出看涨 | | | 有色金属 | | ◆铜： | 多单高位离场 | | | 或区间短线交易 | | ◆铝： | 建议逢低布局多单 | | ◆镍： | 建议观望或逢高做空 | | ◆锡： | 区间交易 | | ◆黄金： | 区间交易 | | ◆白银： | 区间交易 | | | 能源化工 | | ◆PVC： | 震荡运行 | | ◆烧碱： | 震荡运行 | | ◆纯碱： | 01 合约空头思路 | | ◆苯乙烯： | 震荡运行 | | ◆橡胶： | 震荡运行 | | ◆尿素： | 震荡运行 | | ◆甲醇： | 震荡运行 | | ◆聚烯烃： | 震荡运行 | | | 棉纺产业链 | | ◆棉花棉纱： | 震荡运行 | | ◆PTA： | 低位震荡 | | ◆苹果： | 震荡偏弱 | | ◆红枣： | 震荡偏弱 | | | 农业畜牧 ...

股指或区间震荡，债市或 震荡运行 2025-11-03 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 长江期货股份有限公司研究咨询部 研究员：张志恒 执业编号：F03102085 投资咨询号：Z0021210 金融期货策略建议 目 录 01 重点数据跟踪 02 01 股指策略建议 01 金融期货策略建议 p 策略展望：区间震荡。 p 风险提示：特朗普政策实施节奏与力度，美国经济数据暴雷，美联储降息节奏，地缘政治 资料来源：iFinD、华尔街见闻、长江期货 p 股指走势回顾：盘面上，个股涨多跌少，沪深京三市超3700股飘红，全市场成交2.35万亿，沪深两市 成交额2.32万亿，较上一个交易日缩量1000余亿。 p 核心观点：在中美贸易谈判、三季报、四中全会召开结束后，市场进入到一段时间的业绩、事件、政策 的真空期，市场缺少决定方向的催化剂，因此市场会进入到一段时间的震荡阶段以等待年底的新的变化。 国内流动性整体维持相对宽松、外部美联储降息预期或反复修正、TMT短期节奏或有所放缓，综合来 看预计11月市场风格有望再平衡，或重回杠哑铃结构。股指或震荡运行。 p 技术分析：MACD指标显示大盘指 ...

Core Insights - The company reported a total revenue of 55.124 billion yuan for Q3 2025, ranking 4th among peers, with a year-on-year decrease of 2.38% [1] - The net profit attributable to shareholders was 0.957 billion yuan, ranking 6th among peers, reflecting a year-on-year decline of 10.18% [1] - The net cash flow from operating activities was -0.463 billion yuan, ranking 27th among peers, showing a significant year-on-year decrease of 136.15% [1] Financial Performance - The latest debt-to-asset ratio is 57.39%, ranking 13th among peers, with a decrease of 0.47 percentage points from the previous quarter and 0.96 percentage points from the same period last year [3] - The latest gross profit margin is 10.49%, ranking 20th among peers, down by 0.20 percentage points from the previous quarter and 0.39 percentage points year-on-year [3] - The latest return on equity (ROE) is 5.19%, ranking 14th among peers, with a decrease of 0.69 percentage points from the same period last year [3] Earnings and Ratios - The diluted earnings per share (EPS) is 1.72 yuan, ranking 2nd among peers, representing a year-on-year decrease of 9.95% [3] - The total asset turnover ratio is 1.12 times, ranking 6th among peers, with a slight decrease of 0.01 times year-on-year [3] - The inventory turnover ratio is 6.27 times, ranking 5th among peers, showing an increase of 1.99% year-on-year, marking three consecutive years of growth [3] Shareholder Structure - The number of shareholders is 41,400, with the top ten shareholders holding 345 million shares, accounting for 62.05% of the total share capital [3] - The largest shareholder is China National Pharmaceutical Group Co., Ltd., holding 56.06% of the shares [3]

Core Insights - Huatai Securities (601688.SH) reported a total operating revenue of 27.129 billion yuan for Q3 2025, ranking third among disclosed peers, with a year-on-year increase of 3.026 billion yuan, or 12.55% [1] - The net profit attributable to shareholders reached 12.733 billion yuan, also ranking third among peers, with a year-on-year increase of 211 million yuan, achieving three consecutive years of growth, and a year-on-year increase of 1.69% [1] - The net cash flow from operating activities was 10.538 billion yuan, ranking tenth among peers [1] Financial Metrics - The latest debt-to-asset ratio stands at 79.97% [3] - The latest return on equity (ROE) is 6.20%, ranking fourteenth among peers [3] - The diluted earnings per share (EPS) is 1.35 yuan, ranking third among peers, with an increase of 0.02 yuan year-on-year, achieving three consecutive years of growth, and a year-on-year increase of 1.50% [3] - The total asset turnover ratio is 0.03 times [3] Shareholder Structure - The number of shareholders is 195,500, with the top ten shareholders holding 4.719 billion shares, accounting for 52.28% of the total share capital [3] - The top shareholders include Jiangsu Guoxin Group Co., Ltd. (15.2%), Hong Kong Central Clearing (Agent) Co., Ltd. (14.4%), and Jiangsu Transportation Holding Co., Ltd. (5.42%) among others [3]

Core Insights - Zhejiang Yongqiang (002489.SZ) reported a total operating revenue of 3.474 billion yuan for Q3 2025, with a net profit attributable to shareholders of 679 million yuan, and a net cash inflow from operating activities of 927 million yuan, which decreased by 210 million yuan compared to the same period last year, representing a year-on-year decline of 18.44% [1] Financial Performance - The company's latest debt-to-asset ratio stands at 36.42%, ranking 40th among disclosed peers, with an increase of 2.04 percentage points from the previous quarter [3] - The latest gross profit margin is 21.10%, ranking 60th among disclosed peers, which is a decrease of 0.71 percentage points from the previous quarter and a decline of 0.77 percentage points year-on-year [3] - The return on equity (ROE) is reported at 14.47% [3] - The diluted earnings per share (EPS) is 0.31 yuan [3] - The total asset turnover ratio is 0.45 times, ranking 39th among disclosed peers, which is a decrease of 0.03 times year-on-year, reflecting a decline of 5.89% [3] - The inventory turnover ratio is 1.95 times, ranking 60th among disclosed peers [3] Shareholder Structure - The number of shareholders is reported at 77,700, with the top ten shareholders holding a total of 1.259 billion shares, accounting for 58.06% of the total share capital [3] - The largest shareholder is Zhejiang Yongqiang Industrial Co., Ltd., holding 38.01% of the shares [3]

Core Insights - The company reported a total revenue of 212 million yuan and a net profit attributable to shareholders of -62.05 million yuan, which is an increase of 46.81 million yuan compared to the same period last year [3] - The latest asset-liability ratio is 33.35%, ranking second among disclosed peers, and has decreased by 6.26 percentage points year-on-year [2] - The latest gross profit margin is 7.00%, which is an increase of 1.65 percentage points from the previous quarter and an increase of 0.24 percentage points from the same period last year [2] Financial Metrics - The latest return on equity (ROE) is -4.04%, which is an increase of 2.92 percentage points compared to the same period last year [2] - The diluted earnings per share are -0.31 yuan, an increase of 0.30 yuan compared to the same reporting period last year [2] - The latest total asset turnover ratio is 0.09 times, and the inventory turnover ratio is 32.57 times, ranking fifth among disclosed peers [2] Shareholder Information - The number of shareholders is 12,300, with the top ten shareholders holding 114 million shares, accounting for 56.42% of the total share capital [2] - The largest shareholder is Suqian Zhongtian Rongjian Enterprise Management Co., Ltd., holding 26.1% of the shares [2]

Core Insights - The company reported a total revenue of 2.725 billion yuan and a net profit attributable to shareholders of 101 million yuan for Q3 2025 [1] - The company has a cash inflow from operating activities of 67.165 million yuan, ranking 93rd among disclosed peers [1] Financial Metrics - The latest debt-to-asset ratio is 42.72%, ranking 121st among disclosed peers [3] - The latest gross profit margin is 18.42%, ranking 106th among disclosed peers [3] - The latest return on equity (ROE) is 2.76%, ranking 110th among disclosed peers [3] Earnings and Efficiency - The diluted earnings per share (EPS) is 0.10 yuan, ranking 122nd among disclosed peers [4] - The latest total asset turnover ratio is 0.44 times [4] - The latest inventory turnover ratio is 2.44 times, ranking 135th among disclosed peers, which is a decrease of 0.39 times or 13.87% compared to the same period last year [4] Shareholder Structure - The number of shareholders is 101,600, with the top ten shareholders holding 484 million shares, accounting for 45.54% of the total share capital [4] - The largest shareholder is Qian Zhida, holding 21.21% of the shares, followed by Qian Zhiming with 20.14% [4]

公司股东户数为6003户，前十大股东持股数量为4421.88万股，占总股本比例为52.15%，前十大股东持股情况如下： 公司营业总收入为3.86亿元，在已披露的同业公司中排名第140。归母净利润为-2928.18万元，在已披露的同业公司中排名第175。经营活动现金净流入 为-3042.63万元，在已披露的同业公司中排名第151，较去年同报告期经营活动现金净流入减少3620.53万元，同比较去年同期下降626.50%。 | 序号 | 股东名称 | 持股 | | --- | --- | --- | | 1 | 励寅 | 21.0 | | 2 | 黄大庆 | 7.96 | | 3 | 郎洪田 | 6.01 | | 4 | 秦立罡 | 4.98 | | 5 | 王锋 | 3.43 | | 6 | 招商银行股份有限公司-南方科创板3年定期开放混合型证券投资基金 | 2.55 | | 7 | 苏肠 | 2.12 | | 8 | 上海力元股权投资管理有限公司 | 1.71 | | g | 招商银行股份有限公司-平安先进制造主题股票型发起式证券投资基金 | 1.23 | | 10 | 全国社保基金――四组合 | 1.12 | ...

2025年10月31日，联美控股(600167.SH)发布2025年三季报。 公司摊薄每股收益为0.24元。 公司最新总资产周转率为0.13次，在已披露的同业公司中排名第72，较去年同期总资产周转率持平，同比较去年同期下降3.28%。最新存货周转率为3.43 次，在已披露的同业公司中排名第83，较去年同期存货周转率减少0.37次，同比较去年同期下降9.74%。 公司股东户数为5.02万户，前十大股东持股数量为19.43亿股，占总股本比例为85.88%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 联众新能源有限公司 | 52.9 | | 2 | 联美集团有限公司 | 17.2. | | 3 | 拉萨和泰装修有限公司 | 4.91 | | ব | 周泽亮 | 2.48 | | 5 | 周如明 | 2.40 | | 6 | 沈阳茵美诺德科技有限公司 | 1.61 | | 7 | 深圳鼎呈投资管理有限公司-鼎呈顶志私募证券投资基金 | 1.29 | | 8 | 深圳鼎呈投资管理有限公司-鼎呈鼎盛20号私募证券投资基金 | 1.17 | | g | ...