Group 1 - The core point of the article is that Wavelength Optoelectronics (SZ 301421) held its 20th meeting of the 4th Board of Directors on November 18, 2025, where it reviewed the proposal to adjust the members of the Audit Committee [1] - For the year 2024, the revenue composition of Wavelength Optoelectronics is entirely from the optical optoelectronics industry, accounting for 100.0% [1] - As of the report date, the market capitalization of Wavelength Optoelectronics is 10.8 billion yuan [1]

Core Viewpoint - The optical and optoelectronic sector experienced a decline of 1.24% on November 19, with Nanji Guang leading the drop, while the Shanghai Composite Index rose by 0.18% [1][2]. Market Performance - The Shanghai Composite Index closed at 3946.74, and the Shenzhen Component Index closed at 13080.09, with the latter showing no change [1]. - Key stocks in the optical and optoelectronic sector showed varied performance, with Tengjing Technology rising by 8.88% to a closing price of 147.41, while Nanji Guang fell by 4.89% to 24.30 [1][2]. Trading Volume and Value - Tengjing Technology had a trading volume of 155,200 shares and a transaction value of 2.277 billion yuan, while Nanji Guang had a trading volume of 62,600 shares and a transaction value of 154 million yuan [1][2]. Capital Flow - The optical and optoelectronic sector saw a net outflow of 1.231 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.037 billion yuan [2][3]. - The capital flow data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2][3].

Core Viewpoint - Tengjing Technology announced that its stock trading experienced an abnormal fluctuation, with a cumulative closing price increase of 30% over three consecutive trading days from November 17 to November 19, 2025 [1] Summary by Relevant Sections - **Stock Trading Activity** - The company's stock price increased significantly, leading to a notification of abnormal trading conditions [1] - **Company Self-Examination** - Following the price surge, the company conducted a self-examination and communicated with its controlling shareholder and actual controller to verify the situation [1] - **Disclosure of Information** - As of November 19, 2025, the company confirmed that there were no significant matters affecting the abnormal stock trading fluctuations, nor were there any undisclosed major information [1]

Core Viewpoint - The stock of Xinruida has experienced fluctuations, with a recent decline of 2.06% and a year-to-date increase of 2.99%, indicating volatility in its market performance [1][2]. Company Overview - Xinruida Technology Co., Ltd. was established on May 15, 2012, and went public on April 28, 2020. The company is located in Hefei Economic and Technological Development Zone, specializing in the research, design, production, sales, and technical services of new display optoelectronic systems and intelligent health light source systems [2]. - The main revenue composition of Xinruida includes display modules (88.12%), display terminals (10.24%), other (1.52%), and health intelligent light sources (0.13%) [2]. Financial Performance - For the period from January to September 2025, Xinruida achieved operating revenue of 733 million yuan, a year-on-year decrease of 4.11%. However, the net profit attributable to the parent company was 94.27 million yuan, reflecting a year-on-year increase of 25.75% [2]. - Since its A-share listing, Xinruida has distributed a total of 246 million yuan in dividends, with 167 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Xinruida had 21,300 shareholders, a decrease of 6.86% from the previous period. The average circulating shares per person increased by 7.36% to 6,008 shares [2]. - The top ten circulating shareholders include new entrant Bodao Jiuhang Mixed A (008318), holding 443,400 shares, while several other funds have exited the top ten list [3].

Core Viewpoint - The announcement from Lante Optics regarding the second vesting period of the 2023 restricted stock incentive plan and the first vesting period of the 2024 plan indicates a significant step in the company's employee incentive strategy, with a total of 2,569,300 shares set to be listed for trading on November 24, 2025 [1] Group 1 - The stock type being listed is equity incentive shares [1] - The subscription method for the shares is offline [1] - The total number of shares available for trading is 2,569,300 [1]

（编辑 袁冠琳） 证券日报网讯 天禄科技11月18日在互动平台回答投资者提问时表示，TFT型偏光片用TAC膜供应商以日 韩企业为主，尤其日本厂商的份额约80%，目前中国大陆TFT级TAC膜基本依赖进口。公司于2023年设 立了子公司安徽吉光，已引入位于TAC膜产业链下游的三利谱、显智链、北京电控产投以及毅鸣、毅司 等股东，联合产业各方合力打破日韩对TAC膜的垄断，助力我国面板产业链的自主可控。 ...

从资金流向上来看，当日光学光电子板块主力资金净流出13.04亿元，游资资金净流入3.97亿元，散户资 金净流入9.07亿元。光学光电子板块个股资金流向见下表： 证券之星消息，11月18日光学光电子板块较上一交易日下跌1.05%，汇创达领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。光学光电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688502 | 成来元字 | 350.29 | 2.84% | 1.09万 | | 3.82亿 | | 300889 | 爰克股份 | 25.80 | 2.71% | 9.61万 | | 2.44亿 | | 301421 | 波长光电 | 94.06 | 1.65% | 6.52万 | | 6.18亿 | | 000020 | 深华发A | 15.70 | 1.62% | 7.02万 | | 2660'T | | 605588 | 冠白科技 | 53.11 | 1. ...

凯盛科技所属申万行业为：电子-光学光电子-面板。所属概念板块包括：药用玻璃、特种玻璃、 MLED、折叠屏、华为概念等。 截至9月30日，凯盛科技股东户数5.25万，较上期减少18.36%；人均流通股17997股，较上期增加 22.49%。2025年1月-9月，凯盛科技实现营业收入43.10亿元，同比增长20.57%；归母净利润1.29亿元， 同比增长15.06%。 分红方面，凯盛科技A股上市后累计派现4.32亿元。近三年，累计派现1.42亿元。 11月18日，凯盛科技盘中下跌2.02%，截至14:29，报11.67元/股，成交1.29亿元，换手率1.16%，总市值 110.24亿元。 资金流向方面，主力资金净流出1937.38万元，特大单买入0.00元，占比0.00%，卖出898.01万元，占比 6.98%；大单买入1563.59万元，占比12.15%，卖出2602.96万元，占比20.22%。 凯盛科技今年以来股价涨2.73%，近5个交易日跌3.87%，近20日涨0.69%，近60日跌8.11%。 资料显示，凯盛科技股份有限公司位于安徽省蚌埠市黄山大道8009号，成立日期2000年9月30日，上市 日期20 ...

Core Viewpoint - On November 17, a total of 13 target price adjustments were made by brokerages for listed companies, with notable increases in target prices for Kangguan Technology, Kede CNC, and Honglu Steel Structure, showing target price increases of 44.60%, 43.03%, and 37.73% respectively, across the optical optoelectronics, general equipment, and professional engineering industries [1][3]. Group 1: Target Price Increases - Kangguan Technology received a target price of 32.00 yuan with a target price increase of 44.60% [3] - Kede CNC was assigned a target price of 86.95 yuan, reflecting a 43.03% increase [3] - Honglu Steel Structure has a target price of 24.42 yuan, indicating a 37.73% increase [3] - Other companies with significant target price increases include Zhongxin International with a target price of 159.30 yuan (35.42% increase) and Sinopec with a target price of 7.60 yuan (31.49% increase) [3] Group 2: Brokerage Recommendations - A total of 51 listed companies received brokerage recommendations on November 17, with Aotewei and Kede CNC each receiving 2 recommendations [4][5] - Aotewei's closing price was 42.55 yuan, while Kede CNC's closing price was 60.79 yuan [5] Group 3: Rating Adjustments - On November 17, brokerages raised ratings for 2 companies, including Sinopec's rating upgraded from "Hold" to "Buy" by Huatai Securities, and Hongyuan Electronics' rating upgraded from "Hold" to "Buy" by CITIC Securities [4] - One company, Honglu Steel Structure, had its rating downgraded from "Strong Buy" to "Recommended" by Huachuang Securities [4] Group 4: First Coverage - On November 17, brokerages initiated coverage on 7 companies, including Wan Energy Power with an "Accumulate" rating from China Merchants Securities, and Hengyin Technology with an "Accumulate" rating from Zhongyou Securities [7][8] - Other companies receiving first coverage include Jinlei Co. with a "Buy" rating, Zhaoyan Pharmaceutical with an "Accumulate" rating, and Weisheng Information with a "Recommended" rating [8]

Core Insights - On November 17, 2023, brokerage firms provided target prices for listed companies, with notable increases for Kangguan Technology, Kede CNC, and Honglu Steel Structure, showing target price increases of 44.60%, 43.03%, and 37.73% respectively [1][3] Group 1: Target Price Increases - Kangguan Technology received a target price of 32.00 yuan, reflecting a 44.60% increase [3] - Kede CNC's target price is set at 86.95 yuan, indicating a 43.03% increase [3] - Honglu Steel Structure has a target price of 24.42 yuan, with a 37.73% increase [3] Group 2: Brokerage Recommendations - A total of 51 listed companies received brokerage recommendations on November 17, with Aotewei and Kede CNC each receiving 2 recommendations [4][5] - Aotewei's closing price was 42.55 yuan, while Kede CNC's closing price was 60.79 yuan [5] Group 3: Rating Adjustments - Two companies had their ratings upgraded on November 17, including China Petroleum, which was upgraded from "Hold" to "Buy" by Huatai Securities, and Hongyuan Electronics, upgraded from "Hold" to "Buy" by CITIC Securities [4] - One company, Honglu Steel Structure, had its rating downgraded from "Strong Buy" to "Recommended" by Huachuang Securities [4] Group 4: First Coverage - Seven companies received initial coverage on November 17, including Waneng Power with an "Accumulate" rating from China Merchants Securities, and Hengyin Technology with an "Accumulate" rating from Zhongyou Securities [7][8] - Other companies receiving first coverage include Jinlei Co., Ltd. with a "Buy" rating, Zhaoyan Pharmaceutical with an "Accumulate" rating, and Weisheng Information with a "Recommended" rating [7][8]