截至9月30日，赛意信息股东户数3.90万，较上期增加6.40%；人均流通股8448股，较上期减少6.52%。 2025年1月-9月，赛意信息实现营业收入15.01亿元，同比减少11.96%；归母净利润2761.47万元，同比减 少70.83%。 资金流向方面，主力资金净流出3107.33万元，特大单买入2219.02万元，占比5.99%，卖出4084.87万 元，占比11.03%；大单买入8344.73万元，占比22.52%，卖出9586.21万元，占比25.87%。 赛意信息今年以来股价涨11.93%，近5个交易日涨11.93%，近20日涨14.52%，近60日跌5.34%。 资料显示，广州赛意信息科技股份有限公司位于广东省广州市天河区珠江西路17号4501室，成立日期 2005年1月10日，上市日期2017年8月3日，公司主营业务涉及提供企业信息化解决方案及服务。主营业 务收入构成为：泛ERP67.10%，智能制造及工业互联网32.90%。 赛意信息所属申万行业为：计算机-IT服务Ⅱ-IT服务Ⅲ。所属概念板块包括：MCP概念、AIAgent（智 能体）、ERP概念、华为盘古、国产软件等。 1月9日，赛意 ...

1月7日，赛意信息盘中下跌2.02%，截至10:23，报23.78元/股，成交1.56亿元，换手率1.98%，总市值 97.12亿元。 资金流向方面，主力资金净流出950.65万元，特大单买入264.59万元，占比1.70%，卖出1263.20万元， 占比8.10%；大单买入3606.46万元，占比23.13%，卖出3558.50万元，占比22.82%。 赛意信息今年以来股价涨3.53%，近5个交易日涨7.50%，近20日涨5.92%，近60日跌14.55%。 资料显示，广州赛意信息科技股份有限公司位于广东省广州市天河区珠江西路17号4501室，成立日期 2005年1月10日，上市日期2017年8月3日，公司主营业务涉及提供企业信息化解决方案及服务。主营业 务收入构成为：泛ERP67.10%，智能制造及工业互联网32.90%。 截至9月30日，赛意信息股东户数3.90万，较上期增加6.40%；人均流通股8448股，较上期减少6.52%。 2025年1月-9月，赛意信息实现营业收入15.01亿元，同比减少11.96%；归母净利润2761.47万元，同比减 少70.83%。 分红方面，赛意信息A股上市后累计派现2 ...

金融工程 证 券 研 究 报 告 市场情绪监控周报（20251229-20251231） 深度学习因子 12 月超额 5.46%，本周热度变化最 大行业为有石油石化、建筑装饰 本周情绪因子跟踪 本周宽基热度变化方面：热度变化率最大的中证 500，相比上周提高 3.45%， 最小的为"其他"，相比上周降低 2.39%；宽基热度动量组合 25 年累计收益为 36.8%。 本周申万行业热度变化方面，一级行业中热度变化率正向变化前 5 的一级行 业分别为石油石化、建筑装饰、基础化工、机械设备、家用电器，负向变化前 5 的一级行业分别为农林牧渔、社会服务、商贸零售、食品饮料、煤炭；申万 二级行业中，热度正向变化率最大的 5 个行业是电机Ⅱ、装修装饰Ⅱ、炼化及 贸易、航运港口、化学纤维。 本周概念热度变化最大的 5 个概念为华为盘古、移动支付、代糖概念、减速 器、PEEK 材料；高热度概念+低热度个股组合 25 年累计收益为 41.8%。 本周市场估值跟踪 本周宽基和行业估值： 沪深 300、中证 500、中证 1000 的滚动 5 年历史分位数分别为 90%、97%、 94%。 申万一级行业中，从 2015 年开始回溯 ...

资料显示，石家庄常山北明科技股份有限公司位于河北省石家庄市长安区广安大街34号天利商务大厦九 层，成立日期1998年12月29日，上市日期2000年7月24日，公司主营业务涉及纯棉纱布和涤棉纱布的生 产销售;自产产品和技术的进出口业务;棉花批发、零售;软件及计算机服务业务。主营业务收入构成为： 系统集成及行业解决方案服务85.94%，定制软件及服务11.77%，代理产品增值销售1.61%，其他 0.68%。 12月29日，常山北明盘中上涨2.86%，截至09:35，报20.88元/股，成交2.00亿元，换手率0.61%，总市值 333.79亿元。 资金流向方面，主力资金净流出50.32万元，特大单买入100.21万元，占比0.50%，卖出256.73万元，占 比1.28%；大单买入1166.35万元，占比5.83%，卖出1060.15万元，占比5.30%。 常山北明今年以来股价涨3.67%，近5个交易日涨3.37%，近20日跌4.87%，近60日跌7.77%。 今年以来常山北明已经8次登上龙虎榜，最近一次登上龙虎榜为10月16日，当日龙虎榜净买入5.21亿 元；买入总计7.26亿元 ，占总成交额比20.03% ...

Group 1 - The core viewpoint of the news is that Wanda Information's stock has experienced a decline of 19.65% this year, with a recent drop of 2.15% on December 23, trading at 6.38 yuan per share [1] - As of December 10, the number of shareholders for Wanda Information is 56,400, a decrease of 2.71% from the previous period, while the average circulating shares per person increased by 2.79% to 25,538 shares [2] - For the period from January to September 2025, Wanda Information reported a revenue of 1.329 billion yuan, reflecting a year-on-year growth of 0.57%, while the net profit attributable to shareholders was -408 million yuan, showing a year-on-year increase of 27.07% [2] Group 2 - Wanda Information has cumulatively distributed 292 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] - As of September 30, 2025, the top ten circulating shareholders of Wanda Information include Hong Kong Central Clearing Limited, which holds 9.7795 million shares, a decrease of 2.6443 million shares from the previous period [3] - The company's main business involves software development and services in the urban informationization sector, with revenue composition being 47.86% from software development, 32.37% from operation and maintenance services, and 19.74% from integration services [1]

Group 1 - The core point of the news is that Changshan Beiming's stock price has shown fluctuations, with a recent increase of 2.13% to 20.15 CNY per share, while the company has experienced a decline of 16.25% over the past 20 days [1] - As of December 10, 2023, Changshan Beiming's main business revenue composition includes 85.94% from system integration and industry solution services, 11.77% from custom software and services, 1.61% from agency product value-added sales, and 0.68% from other sources [2] - The company has been listed on the stock market since July 24, 2000, and is located in Shijiazhuang, Hebei Province, with its main business involving the production and sales of cotton yarn and polyester-cotton yarn [2] Group 2 - As of September 30, 2025, the top ten circulating shareholders of Changshan Beiming include Hong Kong Central Clearing Limited, which holds 13.23 million shares, an increase of 4.55 million shares compared to the previous period [3] - In the first nine months of 2025, Changshan Beiming achieved an operating income of 5.125 billion CNY, representing a year-on-year growth of 4.36%, while the net profit attributable to the parent company was -155 million CNY, showing a year-on-year increase of 45.40% [2] - The company has not distributed any dividends in the last three years, with a total payout of 469 million CNY since its A-share listing [3]

Core Viewpoint - The stock of Saiyi Information has shown a mixed performance in recent trading sessions, with a year-to-date increase of 26.75% but a decline in the last 5, 20, and 60 days [1][2]. Company Performance - As of November 24, the stock price of Saiyi Information reached 22.98 CNY per share, with a market capitalization of 9.385 billion CNY [1]. - The company has experienced a net inflow of 1.245 million CNY from major funds, with significant buying and selling activities recorded [1]. - For the period from January to September 2025, Saiyi Information reported a revenue of 1.501 billion CNY, a year-on-year decrease of 11.96%, and a net profit of 27.6147 million CNY, down 70.83% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 6.40% to 39,000, while the average circulating shares per person decreased by 6.52% to 8,448 shares [2]. - The company has distributed a total of 262 million CNY in dividends since its A-share listing, with 124 million CNY distributed in the last three years [3]. Institutional Holdings - As of September 30, 2025, Huazhang Small and Medium-sized Growth Mixed Fund (040007) is the tenth largest circulating shareholder, holding 4.3112 million shares, an increase of 982,400 shares compared to the previous period [3].

Market Overview - The market experienced a significant decline with a trading volume of approximately 2 trillion, an increase of about 250 billion compared to the previous trading day, and over 5,000 stocks fell [1] - The decline in the market is attributed to ongoing risk aversion, following the overnight performance of US stocks, and a significant drop in Asian markets such as Japan and South Korea [1][2] - The core logic behind the global market downturn is a combination of changing liquidity expectations and a divergence in AI narratives, with funds shifting from growth stocks to defensive sectors [1][2] Sector Performance - The military industry saw a rise, particularly the China Shipbuilding sector, with notable stocks like Jiuzhiyang hitting the daily limit [2] - AI application concepts also experienced gains, with stocks like Yidian Tianxia and Visual China reaching their daily limits [2] - Conversely, sectors such as lithium resources, energy metals, and solid-state batteries faced significant declines, with multiple stocks hitting the daily limit down [3] Fund Flows - Main funds focused on sectors such as agriculture, marine equipment, and fisheries, with notable net inflows into stocks like Kaimeteqi and Saiwei Electronics [4] Economic Indicators - The National Energy Administration reported that the total electricity consumption in October reached 8,572 billion kilowatt-hours, a year-on-year increase of 10.4% [6] Strategic Insights - Morgan Stanley forecasts that 2026 will be a year of stabilization for Chinese stocks, with limited upside for indices and moderate profit growth [5] - Zheshang Securities maintains a neutral to optimistic outlook on the market, emphasizing a balanced approach between cyclical and technology growth sectors [8] - Huaxin Securities indicates that while the A-share market is currently in a tug-of-war around the 4,000-point mark, there are no clear signals of a market peak yet [9]

Core Viewpoint - The stock of Tuowei Information has experienced fluctuations, with a notable decline of 2.03% on November 21, 2023, despite an overall increase of 81.98% year-to-date [1] Financial Performance - For the period from January to September 2025, Tuowei Information reported a revenue of 2.078 billion yuan, representing a year-on-year decrease of 29.43%. However, the net profit attributable to shareholders increased significantly by 852.03% to 105 million yuan [2] - The company has cumulatively distributed 138 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders for Tuowei Information reached 459,100, an increase of 1.17% from the previous period. The average number of circulating shares per shareholder decreased by 1.19% to 2,495 shares [2] - The top ten circulating shareholders include significant institutional investors, with notable changes in holdings among various ETFs [3]

Core Viewpoint - Visual China experienced a stock price decline of 2.04% on November 20, with a trading price of 23.02 CNY per share and a total market capitalization of 16.127 billion CNY [1] Group 1: Stock Performance - Year-to-date, Visual China's stock price has increased by 10.69%, with a 6.77% rise over the last five trading days, an 11.64% increase over the last 20 days, and a 6.83% rise over the last 60 days [1] - The company has appeared on the "龙虎榜" (a stock trading list) 10 times this year, with the most recent appearance on November 18, where it recorded a net buy of 108 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Visual China reported a revenue of 610 million CNY, reflecting a year-on-year growth of 0.30%, while the net profit attributable to shareholders decreased by 9.03% to 74.314 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 205 million CNY, with 47.586 million CNY distributed over the last three years [3] Group 3: Shareholder Information - As of September 30, 2025, Visual China had 120,900 shareholders, a decrease of 12.60% from the previous period, with an average of 5,591 circulating shares per shareholder, an increase of 14.41% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 8.2011 million shares, an increase of 1.9764 million shares from the previous period [3]