Core Viewpoint - The stock of Sanbian Technology has shown fluctuations in recent trading sessions, with a notable increase in share price this year, but a decline in recent days, indicating potential volatility in investor sentiment [1][2]. Company Performance - As of November 25, Sanbian Technology's stock price is 13.33 CNY per share, with a market capitalization of 3.921 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 19.77%, but has seen a decline of 6.65% over the last five trading days [1]. - For the period from January to September 2025, Sanbian Technology reported a revenue of 1.239 billion CNY, a year-on-year decrease of 16.91%, and a net profit attributable to shareholders of 40.155 million CNY, down 48.84% year-on-year [2]. Shareholder Information - As of November 10, the number of shareholders for Sanbian Technology has increased to 60,000, a rise of 50% from the previous period, while the average number of circulating shares per shareholder has decreased by 33.33% to 4,367 shares [2]. - The company has distributed a total of 61.088 million CNY in dividends since its A-share listing, with 26.208 million CNY distributed over the last three years [3]. Market Activity - Sanbian Technology has appeared on the stock market's "龙虎榜" (top trading list) 12 times this year, with the most recent appearance on November 6, where it recorded a net buy of -154 million CNY [1]. - The company operates in the electric equipment sector, focusing on transformer production and related services, with its main revenue sources being oil-immersed transformers (58.38%), combined transformers (28.13%), and dry-type transformers (10.89%) [1][2].

11月25日，特变电工盘中上涨2.04%，截至09:38，报21.96元/股，成交5.08亿元，换手率0.46%，总市值 1109.59亿元。 资金流向方面，主力资金净流入493.81万元，特大单买入8152.92万元，占比16.03%，卖出5573.10万 元，占比10.96%；大单买入9083.33万元，占比17.86%，卖出1.12亿元，占比21.97%。 特变电工今年以来股价涨75.82%，近5个交易日跌3.64%，近20日涨14.43%，近60日涨52.18%。 今年以来特变电工已经1次登上龙虎榜，最近一次登上龙虎榜为11月5日。 资料显示，特变电工股份有限公司位于新疆维吾尔自治区昌吉市北京南路189号，成立日期1993年2月26 日，上市日期1997年6月18日，公司主营业务涉及输变电业务、新能源业务及能源业务。主营业务收入 构成为：电气设备产品27.64%，煤炭产品18.27%，电线电缆产品16.22%，新能源产品及工程13.06%， 发电业务7.16%，铝电子新材料、铝及合金制品6.90%，输变电成套工程4.82%，其他(补充)2.11%，其他 1.63%，黄金1.58%，物流贸易0.60%。 ...

今年以来顺钠股份已经15次登上龙虎榜，最近一次登上龙虎榜为11月14日，当日龙虎榜净买入-1.63亿 元；买入总计1.03亿元 ，占总成交额比6.52%；卖出总计2.67亿元 ，占总成交额比16.85%。 资料显示，广东顺钠电气股份有限公司位于广东省佛山市顺德区大良街道五沙社区新悦路23号新业楼， 成立日期1992年10月28日，上市日期1994年1月3日，公司主营业务涉及以输配电设备为主业,投资供应 链管理、商业保理等。主营业务收入构成为：输配电系列产品99.79%，物业管理及其他0.21%。 11月21日，顺钠股份盘中下跌2.02%，截至09:35，报8.26元/股，成交4263.59万元，换手率0.75%，总市 值57.06亿元。 资金流向方面，主力资金净流入20.52万元，特大单买入175.35万元，占比4.11%，卖出242.71万元，占 比5.69%；大单买入978.83万元，占比22.96%，卖出890.95万元，占比20.90%。 顺钠股份今年以来股价涨36.30%，近5个交易日跌11.47%，近20日涨19.71%，近60日涨6.03%。 截至9月30日，顺钠股份股东户数6.15万，较上期减 ...

11月20日，保变电气盘中下跌2.03%，截至13:39，报10.13元/股，成交7.96亿元，换手率4.20%，总市值 186.55亿元。 资金流向方面，主力资金净流出3330.93万元，特大单买入1957.92万元，占比2.46%，卖出3302.61万 元，占比4.15%；大单买入1.65亿元，占比20.77%，卖出1.85亿元，占比23.27%。 保变电气今年以来股价涨29.04%，近5个交易日跌18.31%，近20日涨22.79%，近60日涨13.44%。 今年以来保变电气已经4次登上龙虎榜，最近一次登上龙虎榜为11月13日，当日龙虎榜净买入-6705.67 万元；买入总计3.09亿元 ，占总成交额比8.52%；卖出总计3.76亿元 ，占总成交额比10.37%。 资料显示，保定天威保变电气股份有限公司位于河北省保定市天威西路2222号，成立日期1999年9月28 日，上市日期2001年2月28日，公司主营业务涉及变压器、互感器、电抗器等输变电设备及辅助设备、 零部件的制造与销售。主营业务收入构成为：输变电产品99.30%，材料销售0.42%，其他0.28%。 责任编辑：小浪快报 保变电气所属申万行业为 ...

Core Points - The stock price of TBEA Co., Ltd. increased by 2.04% on November 20, reaching 23.50 CNY per share, with a trading volume of 1.742 billion CNY and a market capitalization of 118.741 billion CNY [1] - Year-to-date, TBEA's stock price has risen by 88.15%, but it has seen a decline of 5.77% over the last five trading days [1] - The company reported a revenue of 72.988 billion CNY for the first nine months of 2025, reflecting a year-on-year growth of 0.90%, and a net profit of 5.484 billion CNY, which is a 27.62% increase year-on-year [2] Financial Performance - TBEA has cumulatively distributed 15.118 billion CNY in dividends since its A-share listing, with 6.591 billion CNY distributed in the last three years [3] - As of September 30, 2025, TBEA had 354,100 shareholders, an increase of 10.92% from the previous period, with an average of 14,268 circulating shares per shareholder, a decrease of 9.84% [2] Shareholder Information - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 116 million shares, a decrease of 10.7 million shares from the previous period [3] - The fourth-largest circulating shareholder is Huatai-PB CSI 300 ETF, holding 86.008 million shares, down by 3.9053 million shares from the previous period [3] Business Overview - TBEA's main business segments include electrical equipment products (27.64%), coal products (18.27%), and electrical cables (16.22%), among others [1]

Core Viewpoint - TBEA Co., Ltd. has shown significant stock performance with an 86.15% increase year-to-date, despite a recent decline of 4.75% over the last five trading days [1] Financial Performance - For the period from January to September 2025, TBEA achieved a revenue of 72.988 billion yuan, reflecting a year-on-year growth of 0.90%. The net profit attributable to shareholders was 5.484 billion yuan, marking a 27.62% increase year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 15.118 billion yuan, with 6.591 billion yuan distributed over the past three years [3] Stock Market Activity - As of November 19, TBEA's stock price was 23.25 yuan per share, with a trading volume of 2.629 billion yuan and a turnover rate of 2.27%. The total market capitalization stood at 117.477 billion yuan [1] - The stock has appeared on the "龙虎榜" (a list of stocks with significant trading activity) once this year, with the most recent appearance on November 5 [1] Shareholder Information - As of September 30, 2025, TBEA had 354,100 shareholders, an increase of 10.92% from the previous period. The average number of circulating shares per shareholder was 14,268, a decrease of 9.84% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 116 million shares, a decrease of 10.7 million shares from the previous period [3]

Core Viewpoint - Jiuzhou Group's stock has experienced a decline of 5.58% year-to-date, with a recent drop of 2.02% on November 19, reflecting ongoing challenges in its financial performance and market sentiment [1][2]. Financial Performance - For the period from January to September 2025, Jiuzhou Group reported operating revenue of 947 million yuan, a year-on-year decrease of 2.75%, and a net profit attributable to shareholders of 43.12 million yuan, down 41.09% year-on-year [2]. - The company has cumulatively distributed 337 million yuan in dividends since its A-share listing, with 112 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 19, Jiuzhou Group's stock price was 6.79 yuan per share, with a market capitalization of 4.369 billion yuan. The stock has seen a trading volume of 36.94 million yuan and a turnover rate of 1.04% [1]. - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on May 9, where it recorded a net purchase of 16.93 million yuan [1]. Shareholder Information - As of September 30, Jiuzhou Group had 45,500 shareholders, a decrease of 13.07% from the previous period, while the average number of circulating shares per shareholder increased by 19.62% to 11,100 shares [2]. Business Overview - Jiuzhou Group, established on August 8, 1997, and listed on January 8, 2010, is based in Harbin, Heilongjiang Province. Its main business includes electrical equipment manufacturing and related power distribution engineering, with revenue sources comprising 63.22% from power generation, 25.59% from electrical and related equipment, 7.24% from heating, and 3.03% from other products [1].

Core Viewpoint - The stock of TBEA Co., Ltd. has experienced fluctuations, with a notable decline of 2.03% on November 18, 2023, despite a year-to-date increase of 81.99% [1] Financial Performance - For the period from January to September 2025, TBEA achieved a revenue of 72.988 billion yuan, reflecting a year-on-year growth of 0.90%, while the net profit attributable to shareholders was 5.484 billion yuan, up 27.62% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 15.118 billion yuan, with 6.591 billion yuan distributed over the past three years [3] Stock Market Activity - As of November 18, 2023, TBEA's stock price was 22.73 yuan per share, with a trading volume of 3.848 billion yuan and a turnover rate of 3.31%, resulting in a total market capitalization of 114.850 billion yuan [1] - The stock has seen a net outflow of 181 million yuan in principal funds, with significant buying and selling activity recorded [1] Shareholder Information - As of September 30, 2025, TBEA had 354,100 shareholders, an increase of 10.92% from the previous period, with an average of 14,268 circulating shares per shareholder, a decrease of 9.84% [2] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 116 million shares, a decrease of 10.7 million shares from the previous period [3]

Core Insights - Igor's stock price increased by 2.02% on November 18, reaching 28.83 CNY per share, with a total market capitalization of 12.198 billion CNY [1] - The company has seen a year-to-date stock price increase of 64.54%, but a recent decline of 6.85% over the last five trading days [1][2] - Igor's main business involves the research, production, and sales of power supply products for both consumer and industrial sectors, with energy products accounting for 74.43% of revenue [1] Financial Performance - For the period from January to September 2025, Igor reported a revenue of 3.808 billion CNY, representing a year-on-year growth of 17.41%, while net profit attributable to shareholders decreased by 15.38% to 178 million CNY [2] - Cumulative cash dividends since the A-share listing amount to 475 million CNY, with 308 million CNY distributed over the last three years [3] Shareholder Information - As of October 31, 2025, the number of Igor's shareholders decreased by 28.74% to 28,700, while the average number of circulating shares per person increased by 40.33% to 13,056 shares [2] - Notable institutional shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 7.6861 million shares, and several new institutional investors have entered the top ten shareholders list [3]

资金流向方面，主力资金净流出1369.25万元，特大单买入0.00元，占比0.00%，卖出485.87万元，占比 5.24%；大单买入917.32万元，占比9.89%，卖出1800.69万元，占比19.42%。 三变科技今年以来股价涨29.38%，近5个交易日跌8.28%，近20日涨9.67%，近60日涨3.97%。 11月18日，三变科技盘中下跌2.04%，截至09:56，报14.40元/股，成交9272.81万元，换手率2.44%，总 市值42.35亿元。 截至11月10日，三变科技股东户数6.00万，较上期增加50.00%；人均流通股4367股，较上期减少 33.33%。2025年1月-9月，三变科技实现营业收入12.39亿元，同比减少16.91%；归母净利润4015.50万 元，同比减少48.84%。 分红方面，三变科技A股上市后累计派现6108.80万元。近三年，累计派现2620.80万元。 机构持仓方面，截止2025年9月30日，三变科技十大流通股东中，国泰估值优势混合(LOF)A（160212） 位居第二大流通股东，持股287.09万股，相比上期减少972.08万股。 责任编辑：小浪快报 今年以 ...