Core Viewpoint - Moen Electric's stock price increased by 5.05% to 14.36 CNY per share, with a trading volume of 1.541 billion CNY and a turnover rate of 26.29%, resulting in a total market capitalization of 6.328 billion CNY [1] Group 1: Company Overview - Moen Electric, established on October 5, 1997, and listed on July 20, 2010, is located at 2829 Jiangshan Road, Pudong New District, Shanghai [1] - The company's main business segments include cable business, electromagnetic wire business, and quasi-financial services [1] - Revenue composition: Electromagnetic wire and others 81.54%, power cables 12.22%, others (supplementary) 3.27%, electrical equipment wires and cables 2.95%, communication cables and optical cables 0.02% [1] Group 2: Shareholder Information - Jin Yuan Shun An Fund has a fund that ranks among the top ten circulating shareholders of Moen Electric, specifically the Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund (004685), which entered the top ten in Q3 with 1.6982 million shares, accounting for 0.39% of circulating shares [2] - The fund has achieved a year-to-date return of 46.84%, ranking 1129 out of 8213 in its category, and a one-year return of 51.51%, ranking 589 out of 8130 [2] Group 3: Fund Manager Profile - The fund manager of Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund is Miao Weibin, who has a tenure of 8 years and 339 days [3] - The fund's total asset size is 1.432 billion CNY, with the best return during Miao's tenure being 585.75% and the worst being -28.79% [3]

Core Viewpoint - On November 17, Haoyang Co., Ltd. experienced a decline of 5.02%, with a stock price of 41.83 CNY per share and a total market capitalization of 5.291 billion CNY [1] Company Overview - Haoyang Co., Ltd. is located in Panyu District, Guangzhou, established on March 17, 2005, and listed on May 20, 2020. The company specializes in the research, production, and sales of stage entertainment lighting equipment, architectural lighting equipment, and trusses [1] - The revenue composition of the company is as follows: stage entertainment lighting equipment 90.84%, other accessories 5.38%, trusses 1.90%, and architectural lighting equipment 1.89% [1] Shareholder Information - Longxin Fund has a presence among the top ten circulating shareholders of Haoyang Co., Ltd. Longxin Jinli Trend Mixed A (519994) entered the top ten in the third quarter, holding 821,100 shares, accounting for 1.01% of circulating shares. The estimated floating loss today is approximately 1.8147 million CNY [2] - Longxin Jinli Trend Mixed A (519994) was established on April 30, 2006, with a latest scale of 4.03 billion CNY. Year-to-date return is 34.63%, ranking 2292 out of 8213 in its category; the one-year return is 28.87%, ranking 2490 out of 8130; and since inception, the return is 707.96% [2] Fund Manager Information - The fund manager of Longxin Jinli Trend Mixed A (519994) is Gao Yuan, who has been in the position for 8 years and 321 days. The total asset scale under management is 6.028 billion CNY, with the best fund return during his tenure being 218.49% and the worst being 19.19% [3] Fund Holdings - Longxin Fund's Longxin Shuangli Preferred Mixed A (519991) holds Haoyang Co., Ltd. as its tenth largest holding, with 71,100 shares, accounting for 3.33% of the fund's net value. The estimated floating loss today is approximately 157,100 CNY [4] - Longxin Shuangli Preferred Mixed A (519991) was established on June 19, 2008, with a latest scale of 91.3121 million CNY. Year-to-date return is 24.64%, ranking 3662 out of 8213 in its category; the one-year return is 27.73%, ranking 2675 out of 8130; and since inception, the return is 275.56% [4] Additional Fund Manager Information - The fund manager of Longxin Shuangli Preferred Mixed A (519991) is Zhu Yufeng, who has been in the position for 8 years and 32 days. The total asset scale under management is 9.16542 million CNY, with the best fund return during his tenure being 66.39% and the worst being -27.98% [5]

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，博时基金旗下1只基金重仓宏发股份。博时湖北新旧动能转换ETF（159743）三季度减持 4.16万股，持有股数7.86万股，占基金净值比例为1.7%，位居第十大重仓股。根据测算，今日浮亏损失 约12.89万元。 博时湖北新旧动能转换ETF（159743）成立日期2021年12月29日，最新规模1.22亿。今年以来收益 29.3%，同类排名1752/4217；近一年收益25.01%，同类排名1652/3957；成立以来收益13.81%。 博时湖北新旧动能转换ETF（159743）基金经理为尹浩。 截至发稿，尹浩累计任职时间6年40天，现任基金资产总规模109.76亿元，任职期间最佳基金回报 110.32%， 任职期间最差基金回报-32.87%。 11月17日，宏发股份跌5.02%，截至发稿，报31.06元/股，成交6.77亿元，换手率1.46%，总市值453.40 亿元。 资料显示，宏发科技股份有 ...

东方匠心优选混合A（015586）基金经理为房建威。 截至发稿，房建威累计任职时间7年127天，现任基金资产总规模2.56亿元，任职期间最佳基金回报 86.65%， 任职期间最差基金回报-16.04%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 11月17日，宏发股份跌5.02%，截至发稿，报31.06元/股，成交6.76亿元，换手率1.46%，总市值453.40 亿元。 资料显示，宏发科技股份有限公司位于福建省厦门市集美北部工业区东林路564号，成立日期1990年12 月21日，上市日期1996年2月5日，公司主营业务涉及继电器的生产与销售。主营业务收入构成为：继电 器产品91.22%，电气产品4.63%，其他(补充)3.81%，其他产品0.34%。 从基金十大重仓股角度 数据显示，东方基金旗下1只基金重仓宏发股份。东方匠心优选混合A（015586）三季度持有股数4万 股，占基金净值比例为4.84%，位居第五大重仓股。根据测算，今日浮亏损失约6.56万元。 东方匠 ...

Group 1 - The core point of the news is that Guoguang Electric has seen a significant stock price increase of 6.28%, reaching 94.06 CNY per share, with a trading volume of 299 million CNY and a market capitalization of 10.195 billion CNY [1] - Guoguang Electric, established on October 8, 1981, and listed on August 31, 2021, is located in Chengdu Economic and Technological Development Zone, Sichuan Province. The company specializes in the research, production, and sales of vacuum and microwave application products [1] - The main revenue composition of Guoguang Electric includes microwave devices (60.90%), nuclear industry equipment and components (29.97%), other civilian products (8.83%), and others (0.30%) [1] Group 2 - Longsheng Fund has a significant holding in Guoguang Electric, with its Longsheng Transformation Upgrade Mixed Fund (001197) increasing its stake by 27,700 shares in the third quarter, bringing the total to 85,400 shares, which accounts for 3.25% of the fund's net value [2] - The Longsheng Transformation Upgrade Mixed Fund (001197) was established on April 21, 2015, with a current size of 219 million CNY. It has achieved a year-to-date return of 15.62%, ranking 5097 out of 8213 in its category, and a one-year return of 4.21%, ranking 7049 out of 8130 [2] - The fund manager, Wang Bingfang, has been in charge for 3 years and 120 days, with the fund's total asset size at 471 million CNY. The best return during his tenure was -9.4%, while the worst was -47.99% [3]

Core Viewpoint - The company is actively advancing its digital transformation initiatives, focusing on the development of a "digital lighthouse factory" at its new headquarters in Hefei Changfeng Industrial Base [1] Group 1: Digital Transformation - The company has been implementing digital transformation since 2019, integrating technologies such as artificial intelligence and digital twins into production, management, and project delivery [1] - The company has developed a smart park digital twin that includes comprehensive 3D modeling and data collection analysis of energy, environment, equipment, and production lines within the park [1] Group 2: Smart Lighthouse Factory - The company's smart lighthouse factory has been recognized as an excellent case of artificial intelligence by the China Communications Industry Association (CCIA) [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 8.846 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 10.36%. The net profit attributable to the parent company was 2.347 billion yuan, up 4.79% year-on-year. In Q3 2025, the revenue was 3.311 billion yuan, showing a year-on-year growth of 1.32% and a quarter-on-quarter increase of 11.51%. However, the net profit for Q3 was 825 million yuan, down 17.84% year-on-year but up 1% quarter-on-quarter [2][4]. Financial Performance - For Q3, the company had operating expenses of 300 million yuan, with an expense ratio of 9.1%, both of which increased quarter-on-quarter. This was primarily due to financial expenses rising from exchange rate fluctuations, with estimated exchange losses around 60 million yuan [11]. - The company is expected to maintain growth in orders from Ukraine, alongside improvements in demand from other markets, leading to a positive operational trend in Q4. The company is positioned as a leader in household and commercial energy storage, benefiting from rapid growth in emerging markets and overseas commercial storage [11]. Future Outlook - The company is projected to achieve net profits of 3.3 billion yuan and 4.1 billion yuan for 2025 and 2026, respectively, corresponding to price-to-earnings ratios of 23 and 18 times [11].

11月17日，精达股份涨5.62%，截至发稿，报10.71元/股，成交6356.72万元，换手率0.28%，总市值 230.18亿元。 万家国证2000指数增强A（018653）基金经理为乔亮。 截至发稿，乔亮累计任职时间6年91天，现任基金资产总规模58.86亿元，任职期间最佳基金回报 124.01%， 任职期间最差基金回报1.09%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，铜陵精达特种电磁线股份有限公司位于安徽省铜陵市经济技术开发区黄山大道北段988号， 成立日期2000年7月12日，上市日期2002年9月11日，公司主营业务涉及漆包电磁线、裸铜线、电线电缆 及拉丝模具制造、销售。主营业务收入构成为：漆包线72.24%，汽车、电子线14.36%，特种导体 4.85%，其他(补充)3.30%，裸铜线3.13%，铜杆及铝杆2.13%。 从基金十大重仓股角度 数据显示，万家基金旗下1只基金重仓精达股份。万家国证2000指数增强A（01 ...

Core Points - Moen Electric's stock price dropped by 5.78% to 12.88 CNY per share, with a trading volume of 57.34 million CNY and a turnover rate of 1.03%, resulting in a total market capitalization of 5.676 billion CNY [1] Company Overview - Moen Electric, established on October 5, 1997, and listed on July 20, 2010, is located at 2829 Jiangshan Road, Pudong New District, Shanghai. The company's main business includes cable manufacturing, electromagnetic wire, and quasi-financial services [1] - The revenue composition of Moen Electric is as follows: electromagnetic wire and others account for 81.54%, power cables 12.22%, other supplementary services 3.27%, electrical equipment wires and cables 2.95%, and communication cables and optical cables 0.02% [1] Shareholder Information - Jin Yuan Shun An Fund has a fund that entered the top ten circulating shareholders of Moen Electric, holding 1.6982 million shares, which is 0.39% of the circulating shares. The estimated floating loss today is approximately 1.3416 million CNY [2] - The Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund (004685) was established on November 14, 2017, with a latest scale of 1.432 billion CNY. Year-to-date returns are 46.84%, ranking 1129 out of 8213 in its category; the one-year return is 51.51%, ranking 589 out of 8130; and since inception, the return is 585.75% [2]

Core Insights - Zhongrong Electric's stock increased by 0.91% on November 14, with a trading volume of 368 million yuan [1] - The company reported a net financing purchase of 731,500 yuan on the same day, with a total financing and securities balance of 286 million yuan [1][2] - For the period from January to September 2025, Zhongrong Electric achieved a revenue of 1.434 billion yuan, representing a year-on-year growth of 48.47%, and a net profit of 242 million yuan, reflecting a 101.77% increase [2] Financing and Securities - On November 14, Zhongrong Electric had a financing purchase of 34.6426 million yuan, with a current financing balance of 285 million yuan, accounting for 2.70% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] - The company had no shares repaid in securities lending on November 14, with 1,300 shares sold, amounting to 139,500 yuan [1] Shareholder Information - As of November 10, the number of shareholders for Zhongrong Electric was 14,600, a decrease of 1.67% from the previous period [2] - The average number of circulating shares per shareholder increased by 1.70% to 4,714 shares [2] - The company has distributed a total of 176 million yuan in dividends since its A-share listing, with 136 million yuan distributed in the last three years [2] Institutional Holdings - As of September 30, 2025, the fourth largest circulating shareholder is GF Multi-Factor Mixed Fund, holding 2.3996 million shares, a decrease of 101,900 shares from the previous period [2] - Hong Kong Central Clearing Limited is a new ninth largest circulating shareholder, holding 1.1889 million shares [2] - Invesco Great Wall New Energy Industry Stock A Class has exited the list of the top ten circulating shareholders [2]