Core Viewpoint - Morgan Stanley's report indicates that the mid-term performance of Delta Electronics Holdings (00179) as of the end of September met expectations, with revenue showing a slight year-on-year decline but a half-year increase, while net profit experienced a year-on-year growth [1] Financial Performance - Revenue decreased by 1% year-on-year but increased by 2% half-year-on-half to reach $1.8 billion [1] - Net profit grew by 3% year-on-year and remained flat half-year-on-half, amounting to $133 million [1] - The improvement in automotive products (APG) and contributions from industrial products (IPG) were key factors in the financial performance [1] Market Sentiment and Future Outlook - The company provided limited details on new business plans during the earnings briefing, maintaining its usual communication style [1] - The lack of updates regarding AIDC and robotics order progress is expected to keep market sentiment towards the stock subdued [1] - Any specific updates on these business channels could potentially trigger significant valuation reassessments [1] Target Price and Rating - The target price for Delta Electronics Holdings has been reduced from HKD 67 to HKD 54, while the rating remains "Overweight" [1]

Core Viewpoint - Morgan Stanley's report indicates that the mid-term performance of Delta Electronics Holdings (00179) as of the end of September met expectations, with revenue showing a slight decline year-on-year but a modest increase on a half-year basis [1] Financial Performance - Revenue decreased by 1% year-on-year but increased by 2% on a half-year basis, reaching $1.8 billion [1] - Net profit grew by 3% year-on-year and remained flat on a half-year basis, amounting to $133 million [1] - The improvement in automotive products (APG) and contributions from industrial products (IPG) were key factors in the financial performance [1] Target Price and Rating - The target price for the stock has been reduced from HKD 67 to HKD 54, while maintaining an "Overweight" rating [1] Communication and Market Sentiment - The company provided limited details on new business plans during the earnings briefing, continuing its usual communication style [1] - The lack of updates regarding AIDC and robotics order progress is expected to keep market sentiment towards the stock subdued [1] - Any specific updates on these business channels could potentially trigger significant valuation reassessments [1]

Core Viewpoint - Morgan Stanley's report indicates that the mid-term performance of Delta Electronics for the period ending September met expectations, with revenue and net profit showing slight variations year-on-year and half-on-half [1] Financial Performance - Revenue decreased by 1% year-on-year but increased by 2% half-on-half to reach 1.8 billion USD [1] - Net profit grew by 3% year-on-year and remained flat half-on-half at 133 million USD [1] Business Segments - The improvement in the automotive products (APG) segment and contributions from the industrial products (IPG) segment were key factors in the financial performance [1] Communication and Market Sentiment - The company provided limited details on new business plans during the earnings briefing, maintaining its usual communication style [1] - The lack of updates regarding AI DC and robotics order progress is expected to keep market sentiment towards the stock subdued [1] Valuation and Target Price - Any specific updates on these business pipelines could trigger significant valuation reassessments [1] - The target price has been reduced from 67 HKD to 54 HKD, while maintaining a "buy" rating [1]

消息面上，德昌电机控股公布截至2025年9月30日止六个月中期业绩，营业额为18.33亿美元，同比下跌 1%；股东应占溢利净额上升3%至1.33亿美元；或按完全摊薄基础后为每股14.21美仙。基本净溢利下跌 8%至1.23亿美元。董事会宣布派发中期股息每股17港仙。 公告指出，尽管全球经济在面对美国国际贸易政策急剧转变带来的冲击下展现韧性，但由于生活成本压 力加上劳动市场疲软，世界主要经济体的整体消费者信心维持审慎。在德昌电机的汽车和消费者领域及 工业硬件产品等主要终端市场，所受的影响好坏参半。多个新兴驱动应用领域呈现有利的增长动力，惟 因更多成熟期的产品增长缓慢，加上因需求及全球供应链配置持续不明朗，原始设备制造商客户延迟推 出新项目，导致整体增长受到抵销。 德昌电机控股(00179)跌超11%，截至发稿，跌11.59%，报29.6港元，成交额1.91亿港元。 ...

智通财经APP获悉，德昌电机控股(00179)跌超11%，截至发稿，跌11.59%，报29.6港元，成交额1.91亿 港元。 公告指出，尽管全球经济在面对美国国际贸易政策急剧转变带来的冲击下展现韧性，但由于生活成本压 力加上劳动市场疲软，世界主要经济体的整体消费者信心维持审慎。在德昌电机的汽车和消费者领域及 工业硬件产品等主要终端市场，所受的影响好坏参半。多个新兴驱动应用领域呈现有利的增长动力，惟 因更多成熟期的产品增长缓慢，加上因需求及全球供应链配置持续不明朗，原始设备制造商客户延迟推 出新项目，导致整体增长受到抵销。 消息面上，德昌电机控股公布截至 2025 年9月30日止六个月中期业绩，营业额为18.33亿美元，同比下 跌1%；股东应占溢利净额上升3%至1.33亿美元；或按完全摊薄基础后为每股14.21美仙。基本净溢利下 跌8%至1.23亿美元。董事会宣布派发中期股息每股17港仙。 ...

Event Overview - The Guangdong Province Live Job Recruitment Activity will be held from July to December 2025, featuring 40 online job fairs [2] - The event is guided by the China Small and Medium Enterprises Development Promotion Center and co-hosted by various provincial departments [2] Live Broadcast Information - The 33rd session of the live broadcast will take place on November 13, 2025, from 10:00 to 12:00 [4] Company Profiles Lingyi Technology (Shenzhen) Co., Ltd. - Established in 2006 and listed on the A-share market in 2018, Lingyi is a leading supplier of AI terminal hardware [5] - The company has maintained a leading market share in the global consumer electronics market for precision functional components [5] - It has been recognized in multiple rankings, including the Fortune China 500 for eight consecutive years and has an MSCI-ESG rating of "A" for 2023-2024 [5] Baidu (China) Co., Ltd. Guangzhou Branch - Baidu is a leading AI company with a strong internet foundation, recognized as one of the top four AI companies globally [7] - The company holds over 80% of the Chinese search engine market share [7] Guangdong Welling Motor Manufacturing Co., Ltd. - Founded in 1992, Welling is a wholly-owned subsidiary of Midea Group, specializing in motor and drive system manufacturing [9] - The company has a production capacity of 300 million units annually and ranks first in the air conditioning and washing machine motor market [9] Guangzhou Hanlue Media Technology Co., Ltd. - Established in 2020, Hanlue focuses on a new talent cultivation model integrating experiential internships and training [10] - The company has launched a cross-border e-commerce training program to enhance job skills for students and job seekers [10][11] Chimelong Group Co., Ltd. - Founded in 1989, Chimelong is a large cultural tourism group with multiple theme parks and hotels [12] - The group receives over 40 million visitors annually and aims to become a world-class cultural tourism brand [12] Job Opportunities Lingyi Technology - Positions available include Die Cutting Technician (58 openings, salary 5.5k-12k), Quality Technician (18 openings, salary 5.5k-9k), and others [7] Baidu - Positions available include Internet Marketing Consultant (20 openings, salary 4.7k-8k) [7] Guangdong Welling - Positions available include Grassroots Technician Trainee (20 openings, salary 4.5k-6.5k) [9] Guangzhou Hanlue - Positions available include Cross-border E-commerce Operator (10 openings, salary 1k-10k+), and others [12] Chimelong Group - Positions available include Customer Receptionist (15 openings, salary 2.6k-2.86k), and others [14]

Core Viewpoint - 德昌电机控股 reported a slight decline in revenue but an increase in net profit, indicating resilience in profitability despite challenging market conditions [1] Financial Performance - Revenue for the six months ending September 30, 2025, was $1.833 billion, a year-on-year decrease of 1% [1] - Net profit attributable to shareholders rose by 3% to $133 million, with diluted earnings per share at 14.21 cents [1] - The interim dividend declared was 17 Hong Kong cents per share [1] Profitability Metrics - Gross profit margin increased slightly from 23.6% to 24.0, driven by lower direct labor costs, tighter raw material prices, and favorable foreign exchange movements [1] - These factors offset the impacts of reduced sales prices and rising wages [1] Cash Flow and Capital Expenditure - Free cash flow from operations increased from $144 million to $174 million, primarily due to a decrease in working capital, which outweighed the increase in capital expenditures [1] - The company expects capital expenditures to remain at a high single-digit percentage of revenue in the short term, aligning with planned automation investments and further production expansion [1]

Core Viewpoint - Huayang Intelligent experienced a decline of 2.23% in stock price on November 11, with a trading volume of 36.95 million yuan, indicating potential liquidity issues and market sentiment concerns [1]. Financing Summary - On November 11, Huayang Intelligent had a financing buy-in amount of 3.57 million yuan and a financing repayment of 4.48 million yuan, resulting in a net financing buy of -0.91 million yuan [1]. - The total financing and securities balance for Huayang Intelligent reached 117 million yuan, accounting for 10.05% of its circulating market value, which is above the 80th percentile level over the past year, indicating a high financing level [1]. - The company had no short selling activity on November 11, with a short selling balance of 0.00 shares, also reflecting a high level compared to the 90th percentile over the past year [1]. Financial Performance - As of September 30, Huayang Intelligent reported a total revenue of 318 million yuan for the first nine months of 2025, representing a year-on-year decrease of 14.52% [2]. - The net profit attributable to the parent company for the same period was 24.60 million yuan, showing a year-on-year decline of 2.38% [2]. Shareholder Information - The number of shareholders for Huayang Intelligent decreased to 5,462, a reduction of 18.38% compared to the previous period [2]. - The average number of circulating shares per shareholder increased by 22.52% to 4,318 shares [2]. - Cumulatively, the company has distributed 49.95 million yuan in dividends since its A-share listing [3]. - Notably, the fund "Nuoan Multi-Strategy Mixed A" has exited the list of the top ten circulating shareholders as of September 30, 2025 [3].

Core Viewpoint - On November 11, Xingdesheng experienced a decline of 1.08% with a trading volume of 59.84 million yuan, indicating a potential market reaction to recent financial data and trading activities [1]. Financing Summary - On November 11, Xingdesheng had a financing buy-in amount of 11.03 million yuan, with a financing repayment of 8.92 million yuan, resulting in a net financing buy of 2.11 million yuan [1]. - As of November 11, the total financing and securities lending balance for Xingdesheng was 119 million yuan, which accounts for 8.31% of its circulating market value, indicating a high level of financing compared to the past year [1]. - The financing balance is above the 70th percentile of the past year, suggesting strong investor interest [1]. Securities Lending Summary - On November 11, there were no shares repaid or sold in securities lending, resulting in a sell amount of 0 yuan and a securities lending balance of 0 yuan, which is at the 90th percentile of the past year, indicating a high level of inactivity in this area [1]. Company Overview - Xingdesheng Technology (Suzhou) Co., Ltd. is located in Suzhou Industrial Park, Jiangsu Province, and was established on November 18, 2004. The company specializes in the research, production, and sales of micro-special motors and related products [1]. - As of September 30, the number of shareholders for Xingdesheng was 17,800, a decrease of 11.89% from the previous period, while the average circulating shares per person increased by 13.50% to 3,033 shares [1]. Financial Performance - For the period from January to September 2025, Xingdesheng reported a revenue of 1.911 billion yuan, representing a year-on-year growth of 6.74%. However, the net profit attributable to the parent company was 134 million yuan, reflecting a year-on-year decrease of 3.28% [1]. - Since its A-share listing, Xingdesheng has distributed a total of 121 million yuan in dividends [2]. Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders of Xingdesheng, the Baoying Core Advantage Mixed A fund (213006) is the ninth largest shareholder, holding 300,000 shares as a new investor [2].

天眼查App显示，近日，邢台摩多电机有限公司成立，法定代表人为王桂林，注册资本30万人民币，经 营范围为一般项目：电机制造;电动机制造;发电机及发电机组销售;电子专用设备销售;电子产品销售;电 机及其控制系统研发;电工机械专用设备制造;电气设备修理;机械电气设备销售;电工器材销售（除依法 须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目：电气安装服务（依法须经批准的项 目，经相关部门批准后方可开展经营活动，具体经营项目以批准文件或许可证件为准）。 ...