上述机构调研的4561家公司中，包括深圳迈瑞生物医疗电子股份有限公司、浙江水晶光电科技股份有限 公司、中控技术股份有限公司等在内的650家公司获得了100家及以上机构的集中调研。其中，中控技术 股份有限公司以1348家机构的调研数量位居第一。 值得一提的是，今年前三季度，被100家及以上机构集中调研的650家公司二级市场表现普遍亮眼，共有 569家公司股价期间累计上涨，占比高达87.54%。其中，120家公司股价期间累计涨幅超过100%，胜宏 科技（惠州）股份有限公司（以下简称"胜宏科技"）、广东思泉新材料股份有限公司、成都新易盛通信 技术股份有限公司二级市场表现尤为突出，期间累计涨幅分别为581.06%、394.08%、344.84%。 数据显示，今年前三季度，A股共有4561家上市公司获得券商、险资等机构调研。 通用设备方面，"随着传统制造业的自动化、智能化升级，以及储能、光伏等新兴产业的快速发展，这 种横跨存量升级与增量扩张的需求格局，为通用设备企业业绩增长提供了可预期的支撑。"王雨婷补充 说。 （文章来源：证券日报） 据记者梳理，技术突破叠加产品放量是推动公司股价上涨的重要因素。以胜宏科技为例，一方面 ...

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Mindray Medical, Huichuan Technology, United Imaging Healthcare, Shenzhen South Circuit, and Aibo Medical [11][13] - In the last five days, the most popular companies for institutional research include Jepu Tech, Ganli Pharmaceutical, Shiji Information, Guangri Co., and Nenghui Technology [11][12] - Among the top twenty companies in the past 30 days, 12 companies had 10 or more rating agencies involved, with significant profit growth expected for Lankai Technology, Huichuan Technology, and Sanhua Intelligent Control in their 2025 mid-year reports compared to 2024 [11][12] Group 2: Shareholder Increase and Buyback Strategies - From September 22 to September 26, 2025, four listed companies announced significant shareholder increases [18] - A total of 71 companies announced buyback progress during the same period, with 22 of them having 10 or more rating agencies involved [24] - From January 1 to September 26, 2025, 274 companies announced shareholder increases, with 86 of them having 10 or more rating agencies involved [20] Group 3: Buyback Situation - From January 1 to September 26, 2025, 1,747 companies announced buyback progress, with 414 of them having 10 or more rating agencies involved [26] - Among these, 108 companies had a buyback amount that exceeded 1% of their market value on the announcement date [26][27] - Specific companies in the buyback phase include Chengde Lulu, Liugong, Shantui, Huaming Equipment, Jian Sheng Group, Ruoyu Chen, and China Jushi [27]

Group 1 - The core viewpoint of the article highlights that in the recent 10 trading days (from September 15 to September 26), a total of 421 companies were investigated by institutions, with the majority being from securities companies, followed by fund companies and overseas institutions [1] - Among the companies that received overseas institutional research, ShenNan Circuit was the most focused on, being visited by 29 overseas institutions [1] - The average stock price of companies that received overseas institutional research increased by 3.11% over the past 10 trading days, with notable gainers including DeMingLi, JingZhiDa, and WoDe [1] Group 2 - More than half of the stocks that were investigated by overseas institutions saw an increase in financing, with 10 stocks receiving net purchases exceeding 100 million yuan [1] - ZhongChuangZhiLing received the highest net purchase amount of 342 million yuan, followed by KeDaXunFei and JuGuangKeJi [1][2] - The table provided lists specific companies, their overseas institutional research counts, stock price changes, and net financing amounts, indicating significant interest and investment activity in these stocks [2]

Summary of Key Points Core Viewpoint - In the past five trading days, a total of 235 companies were investigated by institutions, with notable interest in companies like HaiMuxing, JingZhiDa, and GanLi Pharmaceutical, indicating a trend of concentrated institutional research activity [1]. Institutional Research Activity - 206 companies, accounting for 87.66% of the surveyed companies, were investigated by securities firms, followed by 149 companies by fund companies and 81 companies by private equity firms [1]. - Among the companies, 41 received attention from more than 20 institutions, with HaiMuxing being the most investigated at 154 institutions, followed by JingZhiDa at 138 institutions, and both HanGao Group and GanLi Pharmaceutical at 91 institutions each [1]. Fund Flow and Stock Performance - Out of the stocks investigated by more than 20 institutions, 16 experienced net capital inflows in the past five days. Notably, DangSheng Technology saw a net inflow of 291 million yuan, the highest among them, followed by GuoRui Technology and GaoWeiDa with net inflows of 231 million yuan and 176 million yuan, respectively [1]. - In terms of stock performance, 24 stocks among those investigated rose, with the highest increases seen in DeMingLi (38.41%), HanGao Group (27.30%), and JingZhiDa (26.75%). Conversely, 16 stocks declined, with the largest drops in XingHui Entertainment (13.12%), SanXia Tourism (10.53%), and JinTian Shares (9.89%) [2]. Detailed Company Insights - HaiMuxing (688559): Investigated once by 154 institutions, latest closing price at 45.82 yuan, with a price increase of 8.45% [2]. - JingZhiDa (688627): Investigated once by 138 institutions, latest closing price at 181.00 yuan, with a price increase of 26.75% [2]. - HanGao Group (001221): Investigated once by 91 institutions, latest closing price at 70.22 yuan, with a price increase of 27.30% [2]. - GanLi Pharmaceutical (603087): Investigated once by 91 institutions, latest closing price at 79.34 yuan, with a price increase of 9.15% [2]. Additional Company Performance - Other notable companies include WoErDe (688028) with 87 institutions investigating and a price increase of 22.71%, and DingTong Technology (688668) with 77 institutions investigating but a price decrease of 6.17% [2][3].

2025 年 09 月 23 日 策略研究团队 机构调研的关注度集中在机器人、AI、半导体 ——机构调研周跟踪 weijixing@kysec.cn 韦冀星（分析师） 简宇涵（分析师） jianyuhan@kysec.cn 证书编号：S0790525050005 "机构调研信息"是投资者决策过程当中，重要的信息补充 机构调研是资本市场信息传递和价值挖掘的重要环节。对于专业机构而言，是深 度研究、投资决策的关键步骤。相较财务信息，机构调研具备披露及时、信息多 维且深入等优势。往往在调研结束后 1-2 天内，公司以公告方式对外披露，主要 内容包含参会人员信息、会议问答等，投资者与公司管理层之间的问答往往涉及 行业最新动态及公司运营细节。 机构调研信息是对基本面信息的重要补充，但信息量大且杂乱。为了清晰梳理 出调研中有效、增量信息，我们推出机构调研周跟踪系列，汇总最近一周、一 个月公开的机构调研信息，涵盖行业、个股两维度，包含调研热度（环比、同 比数据）、调研获得的行业及个股信息增量。 市场高位，机构调研的注意力集中在机器人、AI、半导体等 在指数连续数月上涨后，市场来到一个相对较高的位置，科技板块内多数细分行 业 ...

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Mindray Medical, Huichuan Technology, Crystal Optoelectronics, Jing Sheng Machinery, and United Imaging Medical [13][15] - In the last five days, the most popular companies for institutional research include Jepu Te, Gan Li Pharmaceutical, Shiji Information, Guangri Co., and Nenghui Technology [13][14] - Among the top twenty companies in the past 30 days, 18 companies had ten or more rating agencies, with significant profit growth expected for Lankai Technology, Desai Xiwei, and Huichuan Technology in their 2025 mid-year reports compared to 2024 [13][16] Group 2: Shareholder Increase in A-Share Listed Companies - From September 15 to September 19, 2025, three listed companies announced significant shareholder increases, including Sierte, Qilu Bank, and Wuzhou Transportation, with Wuzhou Transportation's planned increase amount exceeding 1% of the market value on the announcement date [20][21] - From January 1 to September 19, 2025, a total of 271 companies announced shareholder increases, with 83 of them having ten or more rating agencies. Among these, 22 companies had planned increase amounts exceeding 1% of their market value [22][23] Group 3: Share Buyback Situations in A-Share Listed Companies - From September 15 to September 19, 2025, 69 companies announced buyback progress, with 25 of them having ten or more rating agencies. Five companies, including Jian Sheng Group, Huafa Co., Ninebot Inc., Wens Foodstuff Group, and Jiayi Co., had buyback amounts exceeding 1% of their market value [27][29] - From January 1 to September 19, 2025, a total of 1,739 companies announced buyback progress, with 420 having ten or more rating agencies. Among these, 107 companies had buyback amounts exceeding 1% of their market value [28][30]

Macro Economic Insights - The Federal Reserve announced a 25 basis point interest rate cut, bringing the rate to a range of 4.0%-4.25% [4] - The Fed raised its economic and inflation forecasts, indicating a potential 75 basis point cut in 2025, reflecting a significant change from previous predictions [5] - The Fed's internal divisions are evident, with Chairman Powell navigating challenges related to a cooling labor market and persistent inflation [6] Fiscal Policy Overview - In August, the national general public budget revenue was 1,235.9 billion yuan, while expenditure was 1,858.7 billion yuan, indicating a fiscal deficit [10] - Narrow fiscal revenue growth was stable, with a 2% year-on-year increase in August, while corporate income tax saw a notable 33% increase, suggesting improved corporate profits [11] - Public fiscal expenditure growth slowed to 0.8% year-on-year in August, below the annual target of 4% [12] Government Fund Revenue and Expenditure - Government fund revenue decreased by 15 percentage points to 5.7% year-on-year in August, with land sale revenue declining by 5.8% [13] - Government fund expenditure remained strong, growing by 20% year-on-year in August, despite a decrease from the previous month's 42% growth [13] Company-Specific Insights: Kanglong Chemical - Kanglong Chemical successfully passed FDA inspections, aligning its quality system with international standards, which supports its transition from R&D to commercial production [24] - The company reported a revenue of 6.441 billion yuan in H1 2025, a 14.9% year-on-year increase, with new orders growing over 10% [25] - The company maintains a "buy" rating, with projected net profits of 1.771 billion, 2.274 billion, and 2.782 billion yuan for 2025-2027 [25] Laboratory and CMC Business Performance - The laboratory services segment achieved revenue of 3.892 billion yuan in H1 2025, reflecting a 15.5% year-on-year growth, with new orders also increasing over 10% [26] - The CMC business segment reported a revenue of 1.390 billion yuan, up 18.2% year-on-year, with new orders growing approximately 20% [26]

Group 1: Industry Insights - The overall attention on the computer, media, and non-ferrous metal industries has increased on a week-on-week basis [3][12][17] - In the last week, the total number of research engagements across all A-shares was 833, which is lower than the 1,412 engagements in the same period of 2024 [13] - The monthly total for August was 1,828 engagements, still below the 2,050 engagements recorded in August 2024 [19][22] Group 2: Individual Company Insights - Companies such as Jingsheng Electromechanical and Nandu Energy have received significant market attention, with both being researched twice in the last week [28][4] - Jingsheng Electromechanical has made progress in semiconductor substrate materials and has secured orders from international clients, indicating a strong market position [28] - Nandu Energy focuses on new energy storage applications and data centers, with a significant portion of its products aimed at the North American market, highlighting its international reach [4][28] Group 3: Research Engagement Trends - The computer, media, and non-ferrous metal sectors saw a week-on-week increase in research attention, with specific numbers indicating a rise in engagements [3][17] - In the last month, companies like Yunnan Copper and Ice Wheel Environment were among those with high research engagement, reflecting their growing market interest [30][25] - The report emphasizes the importance of institutional research as a timely and multidimensional source of information for investors, supplementing traditional financial data [10][11]

Group 1 - In the past five trading days, a total of 267 companies were investigated by institutions, with significant interest in companies like Huichuan Technology, Juhe Materials, and Jingsheng Mechanical & Electrical [1] - Among the companies investigated, 56 received attention from more than 20 institutions, with Huichuan Technology being the most popular, attracting 393 institutions [1][2] - The types of institutions involved in the investigations included 224 securities companies, 178 fund companies, and 91 private equity firms, indicating a strong interest from the securities sector [1] Group 2 - In terms of capital inflow, 21 stocks among those investigated saw net inflows, with Shengyi Electronics receiving the highest net inflow of 493 million yuan [1] - The performance of investigated stocks showed that 41 stocks increased in value, with Su Da Weige, Shuanghuan Transmission, and Suning Universal leading with gains of 28.49%, 25.98%, and 18.61% respectively [2] - Conversely, 14 stocks experienced declines, with Huanrui Century, Nuo Si Ge, and Qilu Bank showing the largest drops of 8.10%, 4.38%, and 3.63% respectively [2] Group 3 - The data indicates that seven companies were investigated three times, including Yuntu Holdings, Linggang Co., and Xingrong Environment, highlighting a concentrated interest in these firms [1] - The investigation results also revealed that companies in the machinery and equipment sector, such as Huichuan Technology and Jingsheng Mechanical & Electrical, received notable attention from institutions [2][3] - The overall trend suggests a growing interest in sectors like electronics, machinery, and power equipment, as evidenced by the number of institutions involved in the investigations [1][2]

Market Overview - Major market indices opened higher but declined throughout the day on September 16 [1] - The automotive parts sector continued to rise, with stocks such as Wanxiang Qianchao, Riyi Electronics, and Yinlun Co. hitting the daily limit [1] Sector Performance - The automotive parts sector saw significant inflows, with 23 stocks receiving over 10 million yuan in leveraged funds on the previous day [1] - Notable stocks with increased leveraged funding include Ningbo Huaxiang, Junsheng Electronics, and Weichai Power [1] - The multi-financial concept also surged, with Jianyuan Trust hitting the daily limit and other stocks like Aijian Group and Shaanxi Guotou A following suit [1] - The liquid-cooled server concept experienced a substantial rise, with stocks such as Chunzong Technology, Cambridge Technology, and Longpan Technology reaching the daily limit [1] - The humanoid robot concept showed strong performance, with Hanwei Technology, Haon Automotive, and Henghui Security rising over 10% [1] Financing Activity - As of September 15, the total market financing balance reached 2.35 trillion yuan, an increase of 18.34 billion yuan from the previous trading day, marking seven consecutive days of growth [3] - A total of 49 stocks recorded net financing purchases exceeding 1 billion yuan, with Ningde Times leading at 1.021 billion yuan [4][5] - Other notable stocks with significant net financing purchases include Shenghong Technology and CITIC Securities [4] New Stock Offerings - Two new stocks were available for subscription on September 16: Jianfa Zhixin and Jinhua New Materials [6] - Jianfa Zhixin offered 63.19 million shares at a price of 7.05 yuan per share, with a price-to-earnings ratio of 13.29 [6] - Jinhua New Materials had a total issuance of 32.67 million shares at a price of 18.15 yuan per share, with a price-to-earnings ratio of 11.52 [6] Institutional Research - In the past five trading days, approximately 275 companies were investigated by institutions, with four companies receiving attention from over 100 institutions [8] - The companies with the highest institutional interest include Juhe Materials, Jing Sheng Machinery, Aisidun, and Xiamen Tungsten [8]