Core Viewpoint - The financial report for the first three quarters of 2025 shows significant growth in revenue and net profit for Diwei, indicating a strong performance in the oil and gas equipment sector [1][2]. Financial Performance - The company's revenue for the first three quarters reached 873 million yuan, a year-on-year increase of 9.86% [1]. - The net profit attributable to shareholders was approximately 89.71 million yuan, reflecting a year-on-year growth of 40.59% [1]. - The net profit excluding non-recurring items was about 88.44 million yuan, with a year-on-year increase of 59.49% [1]. - Basic earnings per share stood at 0.46 yuan [1]. Profitability Metrics - The gross margin for the first three quarters was 21.79%, up by 2.80 percentage points year-on-year [2]. - The net profit margin was 10.28%, an increase of 2.25 percentage points compared to the same period last year [2]. - In Q3 2025, the gross margin improved to 24.61%, with a year-on-year increase of 8.17 percentage points and a quarter-on-quarter increase of 3.20 percentage points [2]. - The net profit margin for Q3 was 12.31%, up 8.72 percentage points year-on-year and 1.86 percentage points quarter-on-quarter [2]. Expense Analysis - Total operating expenses for the period were approximately 94.89 million yuan, an increase of 18.62 million yuan year-on-year [2]. - The expense ratio was 10.87%, up 1.27 percentage points from the previous year [2]. - Sales expenses decreased by 2.58% year-on-year, while management expenses increased by 37.47%, R&D expenses grew by 1.20%, and financial expenses surged by 2545.30% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 4,884, an increase of 384 from the end of the previous half-year, representing an 8.53% growth [3]. - The average market value of shares held per shareholder rose from 1.0326 million yuan to 1.5337 million yuan, marking a 48.53% increase [3]. Company Overview - Nanjing Diwei High-end Manufacturing Co., Ltd. is located in Jiangbei New District, Nanjing, Jiangsu Province, and was established on August 19, 2009 [3]. - The company was listed on July 8, 2020, and specializes in the research, production, and sales of oil and gas equipment components [3]. - Diwei operates within the machinery and equipment sector, specifically in specialized equipment for energy and heavy machinery [3].

Core Viewpoint - The company, DeGute, is experiencing a decline in stock price and trading volume, while also engaging in strategic acquisitions and innovations in energy efficiency and AI technology [1][4]. Group 1: Company Performance - On October 30, DeGute's stock fell by 3.75%, with a trading volume of 178 million yuan and a market capitalization of 4.969 billion yuan [1]. - For the period from January to September 2025, DeGute reported a revenue of 382 million yuan, a year-on-year decrease of 9.29%, and a net profit attributable to shareholders of 72.26 million yuan, down 26.39% year-on-year [8]. Group 2: Strategic Initiatives - The company is developing high-temperature air preheaters for gasification, which can increase production by 45% and save fuel by 9.3% to 13.2%, contributing to carbon emission reduction [2]. - DeGute plans to acquire 100% of Whale Cloud Computing Technology Co., Ltd. through a combination of issuing ordinary shares and cash, making it a wholly-owned subsidiary [3]. - Whale Cloud is focused on AI and cloud computing, aiming to create a comprehensive AI-driven architecture for enterprises [3]. Group 3: Industry Positioning - DeGute has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [2]. - The company has entered the hydrogen energy production sector, providing energy-saving heat exchange and storage equipment, and possesses the design qualifications for pressure vessels [2].

Core Viewpoint - Jerry Holdings has shown a significant stock price increase of 42.07% year-to-date, despite a slight decline in the recent trading period, indicating a volatile but generally positive market performance [2]. Financial Performance - For the period from January to September 2025, Jerry Holdings reported a revenue of 10.42 billion yuan, reflecting a year-on-year growth of 29.49%. The net profit attributable to shareholders was 1.808 billion yuan, marking a 13.11% increase compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 3.299 billion yuan, with 1.819 billion yuan distributed over the past three years [3]. Stock Market Activity - As of October 30, Jerry Holdings' stock price reached 51.36 yuan per share, with a market capitalization of 52.585 billion yuan. The stock experienced a trading volume of 1.40 billion yuan and a turnover rate of 0.40% [1]. - The stock has seen a net inflow of 11.4423 million yuan from major funds, with significant buying activity from large orders [1]. Shareholder Structure - As of October 20, 2025, the number of shareholders for Jerry Holdings increased to 23,100, with an average of 30,037 circulating shares per shareholder, a slight decrease of 1.08% [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 68.4299 million shares, an increase of 11.3162 million shares from the previous period [3].

Core Viewpoint - The stock price of Xi'an Shengu Power Co., Ltd. has shown a modest increase this year, with a notable rise in recent trading days, despite a slight decline in revenue and net profit for the first nine months of 2025 [2][3]. Group 1: Stock Performance - As of October 29, the stock price increased by 2.19% to 8.86 CNY per share, with a trading volume of 46.91 million CNY and a market capitalization of 15.27 billion CNY [1]. - Year-to-date, the stock price has risen by 7.13%, with a 2.90% increase over the last five trading days, 6.24% over the last 20 days, and 1.61% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 7.186 billion CNY, a year-on-year decrease of 1.42%, and a net profit attributable to shareholders of 617 million CNY, down 7.31% year-on-year [2]. - The company has distributed a total of 7.560 billion CNY in dividends since its A-share listing, with 2.329 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 32,200, up 6.99% from the previous period, with an average of 53,034 circulating shares per person, a decrease of 6.53% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 14.4857 million shares, an increase of 777,000 shares from the previous period, while Southern CSI 1000 ETF reduced its holdings by 5.81 million shares [3].

Core Points - The stock price of Chuangli Group dropped by 2.07% to 6.14 CNY per share, with a market capitalization of 3.97 billion CNY as of October 29 [1] - The company has seen a year-to-date stock price increase of 17.85%, but a decline of 1.92% over the last five trading days [1] - Chuangli Group's main business revenue composition includes 92.18% from coal machinery sales, 3.73% from mining energy-saving and emission reduction, and 0.84% from mining engineering [1][2] Financial Performance - For the first half of 2025, Chuangli Group reported operating revenue of 1.16 billion CNY, a year-on-year increase of 0.87%, while net profit attributable to shareholders decreased by 17.06% to 81.77 million CNY [2] - The company has distributed a total of 505 million CNY in dividends since its A-share listing, with 228 million CNY distributed in the last three years [3] Shareholder Information - As of June 30, Chuangli Group had 35,100 shareholders, a decrease of 11.19% from the previous period, with an average of 18,429 circulating shares per shareholder, an increase of 12.61% [2]

Core Viewpoint - Aerospace Engineering's stock price has shown a significant increase of 27.23% year-to-date, despite a recent decline of 2.54% over the last five trading days [2] Group 1: Stock Performance - As of October 28, Aerospace Engineering's stock price rose by 2.03% to 19.59 CNY per share, with a trading volume of 66.41 million CNY and a turnover rate of 0.64% [1] - The company has a total market capitalization of 10.5 billion CNY [1] - Year-to-date stock performance shows a 27.23% increase, with a 2.54% decline in the last five trading days, a 1.50% increase over the last 20 days, and a 14.19% increase over the last 60 days [2] Group 2: Financial Performance - For the first half of 2025, Aerospace Engineering reported a revenue of 1.988 billion CNY, representing a year-on-year growth of 80.04%, and a net profit attributable to shareholders of 96.87 million CNY, up 6.70% year-on-year [2] - The company has distributed a total of 567 million CNY in dividends since its A-share listing, with 196 million CNY distributed over the past three years [3] Group 3: Business Overview - Aerospace Engineering, established on June 22, 2007, and listed on January 28, 2015, specializes in coal gasification technology and related equipment [2] - The company's main business segments include industrial gas operations (49.87%), clean and efficient coal utilization (46.17%), high-end equipment manufacturing (3.91%), and other services (0.06%) [2] - The company is categorized under the machinery and equipment sector, specifically in specialized equipment for energy and heavy machinery [2] Group 4: Shareholder Information - As of June 30, 2025, the number of shareholders for Aerospace Engineering was 22,900, a decrease of 3.48% from the previous period [2] - The average number of tradable shares per shareholder increased by 3.61% to 23,454 shares [2] - Notable institutional shareholders include Hong Kong Central Clearing Limited, which is the sixth-largest shareholder with 4.6173 million shares, and Zhuque Jiangxin, which increased its holdings by 890,200 shares [3]

Core Viewpoint - CITIC Heavy Industries has shown significant stock performance with a year-to-date increase of 68.30%, indicating strong market interest and potential growth opportunities in the heavy equipment sector [1][2]. Company Overview - CITIC Heavy Industries, established on January 26, 2008, and listed on July 6, 2012, is based in Luoyang, Henan Province. The company specializes in the development, research, and sales of large equipment and key components in sectors such as heavy machinery, engineering, robotics, and energy-saving equipment [2]. - The company's revenue composition includes: 56.17% from mining and heavy equipment, 20.39% from new energy equipment, 18.23% from special materials, and 5.21% from robotics and intelligent equipment [2]. Financial Performance - For the first half of 2025, CITIC Heavy Industries reported a revenue of 3.981 billion yuan, reflecting a year-on-year growth of 2.35%. The net profit attributable to shareholders was 203 million yuan, marking a 6.39% increase compared to the previous year [2]. - The company has distributed a total of 1.099 billion yuan in dividends since its A-share listing, with 304 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, CITIC Heavy Industries had 134,900 shareholders, a decrease of 16.02% from the previous period. The average number of circulating shares per shareholder increased by 19.07% to 33,732 shares [2]. - Notable institutional shareholders include the Huaxia CSI Robotics ETF, which holds 41.0096 million shares, and the Southern CSI 500 ETF, holding 27.1251 million shares, both showing increases in their holdings [3].

Core Viewpoint - The stock of Kexin Electromechanical has experienced fluctuations, with a recent decline of 2.12% and a year-to-date increase of 42.90% [1][2]. Company Overview - Kexin Electromechanical, established on March 11, 1997, and listed on July 8, 2010, is located in Shifang City, Sichuan Province. The company specializes in high-end heavy process equipment and core systems integration across various sectors, including petroleum refining, natural gas chemical, coal chemical, nuclear military, new energy, and new materials [2]. - The revenue composition of Kexin Electromechanical includes: petroleum refining equipment (50.76%), natural gas chemical equipment (33.77%), oil and gas equipment (7.94%), new energy high-end equipment (5.76%), coal chemical equipment (1.34%), and other equipment (0.43%) [2]. Financial Performance - For the period from January to September 2025, Kexin Electromechanical reported a revenue of 856 million yuan, a year-on-year decrease of 18.63%. The net profit attributable to the parent company was 55.19 million yuan, down 61.44% year-on-year [2]. - The company has distributed a total of 240 million yuan in dividends since its A-share listing, with 183 million yuan distributed over the past three years [3]. Shareholder Information - As of October 20, 2025, Kexin Electromechanical had 22,900 shareholders, a decrease of 4.57% from the previous period. The average circulating shares per person increased by 4.79% to 9,171 shares [2]. - Notable institutional shareholders include Invesco Great Wall New Energy Industry Fund (holding 4.01 million shares) and Huabao Power Combination Mixed A Fund (holding 1.00 million shares), both of which are new shareholders [3]. Market Activity - The stock has seen significant trading activity, with a recent trading volume of 151 million yuan and a turnover rate of 4.41%. The stock has appeared on the "Dragon and Tiger List" four times this year, with the latest appearance on September 9, where it recorded a net buy of -12.39 million yuan [1].

Group 1 - High-speed Electric achieved a revenue of 810 million yuan, a year-on-year increase of 30.33%, and a net profit of 36.33 million yuan, up 54.32% year-on-year for the first three quarters [1] - Huaguang Bio reported a revenue of 868 million yuan, a year-on-year increase of 17.98%, and a net profit of 16.33 million yuan, up 146.55% year-on-year for the first three quarters [2] - North Navigation turned a profit with a net profit of 125 million yuan for the first three quarters, compared to a loss in the previous year, with a revenue of 2.468 billion yuan, up 210.01% year-on-year [3] Group 2 - Wukuang New Energy reported a revenue of 5.054 billion yuan, a year-on-year increase of 33.96%, but a net loss of 20.1 million yuan for the first three quarters [4] - Century Rui Er achieved a revenue of 5.110 billion yuan, a year-on-year increase of 5.21%, and a net profit of 41.64 million yuan, up 27.23% year-on-year for the first three quarters [5] - Jiejie Micro reported a revenue of 2.502 billion yuan, a year-on-year increase of 24.70%, and a net profit of 34.7 million yuan, up 4.30% year-on-year for the first three quarters [6] Group 3 - Zhejiang Huaye achieved a revenue of 739 million yuan, a year-on-year increase of 11.08%, and a net profit of 181 million yuan, up 143.68% year-on-year for the first three quarters [7] - Lege Co. reported a revenue of 4.846 billion yuan, a year-on-year increase of 21.92%, but a net profit of 16.9 million yuan, down 36.33% year-on-year for the first three quarters [8] - Huichuan Technology achieved a revenue of 31.663 billion yuan, a year-on-year increase of 24.67%, and a net profit of 4.254 billion yuan, up 26.84% year-on-year for the first three quarters [9] Group 4 - Jieya Co. reported a revenue of 565 million yuan, a year-on-year increase of 38.44%, and a net profit of 67.9 million yuan, up 95.78% year-on-year for the first three quarters [10] - Hengtian Hailong reported a revenue of 829 million yuan, a year-on-year increase of 0.89%, but a net profit of 274,780 yuan, down 93% year-on-year for the first three quarters [11] - Baolidi achieved a revenue of 1.058 billion yuan, a year-on-year increase of 4.57%, and a net profit of 106 million yuan, up 31.25% year-on-year for the first three quarters [12] Group 5 - Feitian Chengxin reported a revenue of 520 million yuan, a year-on-year increase of 3.10%, and a net profit of 10.38 million yuan, up 146.05% year-on-year for the first three quarters [13] - Xiangqiang Co. reported a revenue of 1.237 billion yuan, a year-on-year increase of 9.19%, but a net profit of 171 million yuan, down 5.90% year-on-year for the first three quarters [14] - Guangzheng Eye Care reported a revenue of 663 million yuan, a year-on-year decrease of 5.05%, but a net profit of 17,340 yuan, turning from loss to profit for the first three quarters [15] Group 6 - Sand Technology achieved a revenue of 430 million yuan, a year-on-year increase of 26.94%, and a net profit of 115 million yuan, up 47.52% year-on-year for the first three quarters [16] - Tianhao Energy reported a revenue of 1.941 billion yuan, a year-on-year decrease of 36.05%, and a net profit of 95.74 million yuan, down 27.25% year-on-year for the first three quarters [17] - Yiyuan Communication achieved a revenue of 17.877 billion yuan, a year-on-year increase of 34.96%, and a net profit of 733 million yuan, up 105.65% year-on-year for the first three quarters [18] Group 7 - Zhenhai Co. reported a revenue of 295 million yuan, a year-on-year decrease of 9.96%, and a net profit of 51.69 million yuan, down 8% year-on-year for the first three quarters [19] - Xinda Securities received approval to issue up to 10 billion yuan in corporate bonds for technology innovation [20] - Jingong Steel Structure signed a contract worth 1.23 billion yuan for an overseas project [21] Group 8 - Chuanfa Longmang plans to invest 366 million yuan in a lithium dihydrogen phosphate project [22] - Ningbo Energy plans to invest 58.5 million yuan to establish a joint venture [23] - China Unicom plans to spin off its subsidiary for listing on the Growth Enterprise Market [24] Group 9 - China Unicom reported a revenue of 292.985 billion yuan, a year-on-year increase of 1%, and a net profit of 8.772 billion yuan, up 5.2% year-on-year for the first three quarters [25] - Haigang Co. announced a plan to reduce its shareholding by 0.9965% [26] - Jintongling's subsidiary is facing bankruptcy liquidation [27] Group 10 - Lanshi Heavy Industry plans to transfer 51.02% of its environmental company shares for 14.39 million yuan [28] - Lanshi Heavy Industry's shareholder plans to reduce its stake by 1% [29] - Dongtian Micro reported a revenue of 637 million yuan, a year-on-year increase of 53.91%, and a net profit of 80.03 million yuan, up 99.20% year-on-year for the first three quarters [30] Group 11 - Siling Co. reported a revenue of 581 million yuan, a year-on-year increase of 4.38%, and a net profit of 14 million yuan, up 2.17% year-on-year for the first three quarters [31] - Hanrui Cobalt achieved a revenue of 4.871 billion yuan, a year-on-year increase of 16.49%, and a net profit of 238 million yuan, up 42.57% year-on-year for the first three quarters [32] - Ganfeng Lithium's vice president plans to reduce his stake by 40,000 shares [33] Group 12 - Kaile Co. plans to acquire at least 50% of Kesheng Machinery [34] - Huace Navigation achieved a revenue of 2.618 billion yuan, a year-on-year increase of 15.47%, and a net profit of 493 million yuan, up 26.41% year-on-year for the first three quarters [35] - Jingbeifang reported a revenue of 3.613 billion yuan, a year-on-year increase of 5.14%, and a net profit of 243 million yuan, up 7.94% year-on-year for the first three quarters [36] Group 13 - Weiergao achieved a revenue of 1.122 billion yuan, a year-on-year increase of 51.93%, and a net profit of 69.79 million yuan, up 48.11% year-on-year for the first three quarters [37] - Hanyi Co. reported a revenue of 139 million yuan, a year-on-year increase of 1.10%, and a net profit of 904,470 yuan, up 78.52% year-on-year for the first three quarters [38] - Boya Precision achieved a revenue of 387 million yuan, a year-on-year increase of 47.27%, and a net profit of 66.11 million yuan, up 82.87% year-on-year for the first three quarters [39] Group 14 - Qianfang Technology achieved a revenue of 5.256 billion yuan, a year-on-year decrease of 2.82%, and a net profit of 189 million yuan, up 1098.97% year-on-year for the first three quarters [40] - Binhua Co. submitted an application for H-share listing [41] - Chengde Lulu reported a revenue of 1.956 billion yuan, a year-on-year decrease of 9.42%, and a net profit of 384 million yuan, down 8.47% year-on-year for the first three quarters [42] Group 15 - Beifang Changlong reported a revenue of 122 million yuan, a year-on-year increase of 159.21%, but a net profit of 11.29 million yuan, turning from profit to loss for the first three quarters [43]

Core Viewpoint - The stock of Lijun Thermal Energy has shown fluctuations with a recent increase of 2.05%, while the company faces a decline in revenue and net profit for the first half of 2025 compared to the previous year [1][2]. Financial Performance - As of October 22, Lijun Thermal Energy's stock price is 50.67 CNY per share, with a market capitalization of 4.611 billion CNY [1]. - The company has experienced a year-to-date stock price increase of 24.07%, but a decline of 6.99% over the last five trading days [1]. - For the first half of 2025, Lijun Thermal Energy reported a revenue of 404 million CNY, a decrease of 11.60% year-on-year, and a net profit of 52.55 million CNY, down 32.66% year-on-year [2]. Shareholder Information - As of October 10, the number of shareholders for Lijun Thermal Energy is 6,426, a decrease of 2.12% from the previous period [2]. - The average number of circulating shares per shareholder has increased by 2.16% to 3,540 shares [2]. Dividend and Institutional Holdings - Lijun Thermal Energy has distributed a total of 227 million CNY in dividends since its A-share listing [3]. - As of June 30, 2025, major institutional shareholders include Taikang Quality Life Mixed Fund, which increased its holdings by 150,000 shares, and Taikang Strategy Preferred Mixed Fund, which increased its holdings by 140,000 shares [3].