此外，医药生物、电力设备、计算机和基础化工同样受到私募机构高度关注，被调研次数均不少于100 次，被调研个股数量均不下30只。 【深圳商报讯】（记者 陈燕青）私募排排网统计数据显示，9月份共有979家私募证券管理人参与调 研，范围覆盖30个申万一级行业中的529只个股，合计调研次数高达2789次。其中，共有41家百亿私募 参与调研，覆盖189只个股，合计调研次数达318次。 9月份私募机构调研13个申万一级行业不下50次，其中更有6个行业被私募机构调研突破100次。 具体来看，电子行业成为私募机构调研次数最多的行业，该行业中78只个股受到私募机构调研关注，合 计调研次数达554次。 机械设备成为私募机构调研个股数量最多的行业，该行业中合计被私募机构调研达444次排名第二，被 调研个股数量86家，比第一名的电子行业还要多。 从9月份私募调研次数排名前10位个股来看，均被调研不少于36次，而且9月份均录得正收益。 值得一提的是，9月调研次数排名前10位的私募机构中，百亿私募达6家，分别是盘京投资、高毅资产、 淡水泉、睿郡资产、和谐汇一资产和聚鸣投资，依次调研34次、23次、22次、22次、20次和20次。 高毅资 ...

新华财经上海10月9日电私募排排网统计显示，截至2025年9月30日，9月共有979家私募证券管理人参与 到A股公司调研活动中，范围覆盖到30个申万一级行业中的529只个股，合计调研次数高达2789次。其 中共有41家百亿私募参与到A股公司调研，覆盖到27个申万一级行业中的189只个股，合计调研次数达 318次。 个股来看，医药生物行业个股迈威生物备受私募机构调研关注，9月获得88家私募机构扎堆调研达88 次，其中包括淡水泉、高毅资产、和谐汇一资产在内的7家百亿私募。 电子、电力设备和机械设备行业均有2只备受私募机构调研青睐，其中电子行业入围前十个股包括澜起 科技和炬光科技，分别被调研71次和67次，高居第二和第三名。其次是电力设备行业个股晶盛机电和聚 和材料，依次被调研63次和57次。此外是机械设备行业个股海目星和中控技术，均被调研36次。 机构来看，正圆投资9月调研43次居首，成为当月调研最为积极的私募机构，调研方向上，青睐机械设 备和电子行业，被调研个股数量分别达9只和7只，明显多于其余行业。 值得一提的是，9月调研次数排名前十的私募机构中，百亿私募高达6家，分别是盘京投资、高毅资产、 淡水泉、睿郡资产 ...

对于当前的市场行情，星石投资认为，当前市场处于慢牛趋势中，各个板块都存在较多机会，技术突破 和产业趋势带动科技成长方向，美联储开启降息周期叠加国内反内卷政策带动周期股表现，政策发力内 需、供需关系较优也有望带动估值相对偏低的泛消费领域表现。 星石投资预计，当前市场结构性冷热不均，后期股市风格可能较三季度有所均衡。一方面，在政策发 力、经济回暖、科技突破的大背景下，虽然估值重估率先体现在科技板块中，但整体中国资产估值中枢 将逐步上移，其他权益类资产出现估值重估是大概率事件。另一方面，当前市场主要驱动力为流动性因 素，"水往低处流"的历史经验也暗示市场风格更加均衡。 黑崎资本的观点称，长假后A股市场主要股指短中期表现，综合国内国际多维度因素考量，预期保持中 性偏积极。从宏观看，国际上，若美联储假期释放温和信号，新兴市场资金有望回流A股，地缘政治局 势稳定亦能释放风险偏好，为市场营造良好外部环境。国内"金九银十"经济活动恢复，长假期间或出台 财政货币刺激政策，如基建开工、消费刺激，均能提振市场信心。长假后A股市场在宏观经济向好、政 策预期积极、资金回流及行业热点支撑下，主要股指短中期有望保持中性偏积极态势。 A股市 ...

Core Viewpoint - The year 2025 is expected to be favorable for private equity firms, with significant returns observed in private securities products and a resurgence of star stock private equity funds [1]. Group 1: Performance of Private Equity Products - As of August 31, 2025, 10,135 private securities products recorded an average return of 20.41%, with 9,208 products achieving positive returns, resulting in a positive return rate of 90.85%. The 5th percentile return reached 60.64% [3]. - Among 6,473 stock strategy products, 6,026 achieved positive returns, representing 93.09%, with an average return of 25.38% and a 5th percentile return of 72.23%. This strong performance is attributed to structural opportunities in the market, with A-shares showing an upward trend and a focus on small and mid-cap stocks, as well as technology growth and resource cyclical stocks [3]. - Multi-asset strategies also performed well, with 1,279 products recording an average return of 15.61% and a positive return rate of 89.91%. The 5th percentile return for these products was 52.84% [3]. Group 2: Strategy Performance Breakdown - Combination fund strategies had the highest positive return rate, with 398 products showing 95.98% positive returns and an average return of 14.12%, while the 5th percentile return was 36.38% [4]. - Futures and derivatives (CTA) strategies underperformed, with 1,212 products achieving a 77.15% positive return rate and an average return of 8.55%. The 5th percentile return for these products was 37.61% [4]. - Bond strategies remained stable, with 773 products achieving a 92.50% positive return rate and an average return of 7.89%, while the 5th percentile return was 26.59% [4]. Group 3: Research Activities of Private Equity Firms - As of September 11, 2025, 2,366 private equity firms participated in A-share company research, covering 1,999 stocks across 30 primary industries, with a total of 35,168 research instances [5]. - The top private equity firms in terms of research frequency include Panjing Investment with 350 instances, followed by Gao Yi Asset and He Xie Hui Yi Asset, both exceeding 200 instances [5][6]. - Many large private equity firms have increased their overseas research efforts, with some focusing on long-term investments in non-ferrous enterprises and conducting multiple research trips to Africa to assess overseas mineral projects [7].

Group 1 - The core viewpoint of the article highlights that Shifeng Asset Management has conducted research on a listed company, Henglin Co., which has a competitive advantage in its U.S. operations due to local production in Vietnam and a well-established supply chain [1] - Henglin Co. reported a revenue of 1.45 billion for office furniture, a year-on-year decline of 23.11%, while the comprehensive home products category saw revenue of 2.182 billion, a year-on-year increase of 101.85% [1] - The growth in comprehensive home products revenue is attributed to a reclassification of sales channels and an increase in online sales, with Amazon being the primary platform for U.S. online sales [1] Group 2 - The company anticipates that by the first half of 2025, the OBM (Original Brand Manufacturer) business will account for 55.36% of its revenue [1] - Henglin Co. is expected to maintain strong operational quality and profitability potential, effectively mitigating tariff impacts through enhanced manufacturing capabilities [1]

Group 1: Wens Foodstuff Group - The company has significantly improved pig farming costs in the first half of the year due to stable large-scale production, effective disease control, increased market supply of pigs, enhanced breeding investments, and optimized feed formulations [1] - Wens Foodstuff is actively promoting a three-year initiative called "Strong Technology and Quality Improvement," focusing on refined management and cost reduction in piglet and meat pig production [1] - As of June, the company's debt-to-asset ratio decreased to 50.6%, with a target of around 45% [1] Group 2: Baolingbao Biology - In the first half of 2025, the company achieved total revenue of 139.92 million yuan, a year-on-year increase of 18.02%, and a net profit of 9.53 million yuan, up 37.49% [2] - The revenue from the three core products grew by 32.15%, with the gross profit margin rising to 17.94% [2] - The company’s HMO project is nearing completion, with 2'-FL approved by the health commission, and an enzyme preparation for allulose expected to be approved in the second half of the year [2]

Group 1: Company Insights - Puran's storage product line accounted for approximately 74% of revenue in the first half of the year, with "storage+" products making up about 26% [1] - ETOX process NOR Flash revenue share is increasing, with large capacity products delivered to industrial and communication clients [1] - MCU shipments grew over 50% year-on-year, dominating the "storage+" segment, while the company aims to expand into industrial and energy markets [1] Group 2: Financial Performance - New Zhou Bang achieved revenue of 4.248 billion yuan in the first half of 2025, an 18.58% year-on-year increase, with net profit rising 16.36% to 484 million yuan [2] - Battery chemicals revenue reached 2.815 billion yuan, up 22.77%, while electronic information chemicals saw a 25.18% increase to 679 million yuan [2] - The company is capitalizing on market opportunities from international manufacturers' production halts, with stable capacity utilization rates at its Poland electrolyte plant [2] Group 3: Market Trends - Huafeng Technology's sales in the new energy vehicle sector are growing, with plans to expand market size and promote high-voltage connector applications [3] - The company is experiencing asset impairment mainly due to increased accounts receivable and customer cost control [3] - High-speed I/O connector business is small but part of a subsidiary's offerings, with 224G high-speed backplane connectors having completed customer validation tests [3]

Group 1: Company Insights - Panjing Investment recently conducted research on three listed companies, including Purun Co., Ltd., which reported that storage products accounted for approximately 74% of its revenue in the first half of the year, while "storage+" products made up about 26% [1] - Zhongchuan Special Gas achieved a revenue of 144 million yuan in the first half of the year, representing a year-on-year growth of 49.19%, with a significant portion of its revenue coming from the integrated circuit industry, which accounts for about 70% [2] - Tongfei Co., Ltd. reported a revenue of 819 million yuan from power electronic temperature control products, showing a year-on-year increase of 77.48%, with overseas revenue growing by 111.94% due to increased efforts in expanding international clients [3] Group 2: Industry Trends - The decline in gross margin for Purun Co., Ltd. is attributed to industry cycles, competitive landscape, and company strategies, while the company aims to expand into industrial and automotive sectors [1] - Zhongchuan Special Gas plans to enhance its global supply, sales, and service capabilities, especially after a safety incident affected foreign electronic specialty gas manufacturers [2] - Tongfei Co., Ltd. is focusing on the energy storage temperature control sector, with a revenue increase of 87%, and is developing comprehensive cooling solutions for data centers [3]

Group 1: Ruihua Tai - Ruihua Tai's production efficiency is expected to improve in the first half of 2025, with ongoing market expansion for new products [1] - The company reported revenue of 181.93 million yuan, a year-on-year increase of 37.86%, and a reduction in losses by 2.40 million yuan [1] - Ruihua Tai has obtained 38 patents and employs 89 R&D personnel [1] - The construction of a 1,600-ton project in Jiaxing has been completed, with four production lines operational and one line in trial production [1] - Revenue from thermal control PI films has decreased to below 30%, while electronic PI films now account for approximately 55% of revenue [1] Group 2: Jinhong Gas - Jinhong Gas's revenue breakdown for the first half of 2025 shows bulk gas at 43.50%, specialty gases at 33.15%, on-site gas production and rental at 13.60%, and gas business at 9.75% [2] - The company has seen revenue and gross margin increase in Q2 due to improved service quality and customer expansion [2] - New electronic bulk gas projects are progressing steadily, with helium business benefiting from stable overseas sources [2] - The company has adjusted its revenue share in the semiconductor sector, with integrated circuits accounting for nearly 14% [2] - Future growth is expected from on-site gas projects, specialty gas product line expansion, and international trade [2]

Group 1: Jiangbolong - Jiangbolong's domestic market share in eSSD is second only to Solidigm and Samsung, with PCIe SSD and RDIMM products already in mass production for leading domestic enterprises [1] - The company's SOCMM products have been launched, offering over 2.5 times the bandwidth of traditional RDIMM and a 20% reduction in latency, while being one-third the size of standard RDIMM [1] - Jiangbolong has introduced TCM mode and partnered with SanDisk to launch customized UFS products, accelerating adoption among multiple Tier 1 customers [1] Group 2: Tianfu Communication - In the first half of 2025, Tianfu Communication achieved revenue of 2.456 billion yuan, a year-on-year increase of 57.84%, and a net profit of 899 million yuan, up 37.46% [2] - The growth in active business is primarily driven by increased deliveries of high-speed active products, with the company continuously expanding its customer base [2] - The company's Thailand factory has commenced production, with phase two focused on R&D and customer validation, expecting large-scale production next year [2]