Core Viewpoint - The company, Youlide, announced an adjustment to its cash dividend distribution for the first half of 2025, maintaining the dividend per share while increasing the total cash dividend amount [2] Summary by Category Dividend Distribution - Youlide plans to distribute a cash dividend of 3.00 yuan (including tax) for every 10 shares, which remains unchanged [2] - The total cash dividend amount has been adjusted from 33,299,396.40 yuan (including tax) to 33,530,276.40 yuan (including tax) [2] - The company will not conduct a capital reserve transfer to increase share capital or issue bonus shares [2]

Core Viewpoint - The recent report by the All-China Federation of Industry and Commerce highlights the innovation status of the top 1,000 private enterprises in R&D investment, with notable performances from the instrumentation manufacturing industry [2][4]. R&D Investment Rankings - Three companies from the instrumentation manufacturing sector made it to the "Top 500 Private Enterprises in R&D Investment" list: - Weisheng Holdings Co., Ltd. (Rank 310, Hunan Province) - Wuhan Jingce Electronic Group Co., Ltd. (Rank 314, Hubei Province) - Holley Technology Group Co., Ltd. (Rank 329, Beijing) [2][3]. Patent Rankings - Six companies from the instrumentation manufacturing sector were recognized in the "Top 500 Private Enterprises in Invention Patents" list: - Weisheng Holdings Co., Ltd. (Rank 42, Hunan Province) - Wuhan Jingce Electronic Group Co., Ltd. (Rank 87, Hubei Province) - Juhua Technology (Hangzhou) Co., Ltd. (Rank 251, Zhejiang Province) - Holley Technology Group Co., Ltd. (Rank 257, Beijing) - Anhui Tiankang Group Co., Ltd. (Rank 423, Anhui Province) - Jinka Intelligent Group Co., Ltd. (Rank 494, Zhejiang Province) [3][5].

Core Viewpoint - The company has decided to deregister its wholly-owned subsidiary, Changchun Lantai Intelligent Technology Co., Ltd., to optimize management structure and reduce operational costs, which will not materially affect the company's overall business development and profitability [1][2]. Group 1: Company Announcement - The company announced the deregistration of its subsidiary based on strategic adjustments and actual operational conditions [1]. - The deregistration was approved by the chairman and did not require board or shareholder approval [1]. - The deregistration does not involve related transactions or constitute a major asset restructuring as defined by regulations [1]. Group 2: Subsidiary Information - Changchun Lantai was established on February 7, 2024, with a registered capital of 50 million RMB [2]. - The subsidiary's business scope included technology services, manufacturing and sales of intelligent instruments, and various consulting services [2]. - The deregistration will change the scope of the company's consolidated financial statements, with Changchun Lantai no longer included [2]. Group 3: Impact on the Company - The deregistration will not have a substantial impact on the company's overall business development or profitability [2]. - There are no adverse effects on the interests of the listed company and its shareholders [2].

Core Viewpoint - The company has approved a share repurchase plan, intending to buy back shares using its own funds and/or special loans, with a maximum price limit set at 34.90 CNY per share after the annual equity distribution [1][2]. Group 1: Share Repurchase Plan - The company plans to repurchase shares with a budget between 60 million CNY and 120 million CNY, with the repurchase price not exceeding 35 CNY per share [1]. - The repurchase will be conducted through centralized bidding and is aimed at implementing an employee stock ownership plan or equity incentive plan [1]. - The maximum repurchase price was adjusted to 34.90 CNY per share starting from May 6, 2025, following the completion of the annual equity distribution for 2024 [1]. Group 2: Progress of Share Repurchase - As of October 13, 2025, the company has repurchased a total of 1,763,100 shares, representing 1.33% of the total share capital, with a total expenditure of approximately 56.74 million CNY [2]. - The highest repurchase price recorded was 34.90 CNY per share, while the lowest was 30.31 CNY per share [2]. Group 3: Compliance and Regulations - The share repurchase is in compliance with the company's repurchase plan and relevant legal regulations [3]. - The company has adhered to the requirements set forth by the Shenzhen Stock Exchange regarding the timing, quantity, and pricing of the repurchased shares [4].

Group 1 - The company Qin Chuan IoT announced on October 15 that it will recognize impairment losses totaling 1.5457 million yuan, which will reduce the consolidated profit for the third quarter of 2025 [1] - The impairment losses will be recorded under asset impairment losses and credit impairment losses categories, and the amount is unaudited, subject to final confirmation by the accounting firm during the annual audit [1] Group 2 - The news highlights a significant opportunity in the silver rental market, with annualized interest rates soaring to 35%, indicating a lucrative arbitrage situation as silver is being airlifted to the UK [1]

Core Viewpoint - Qin Chuan IoT (688528) reported a mixed performance in its third-quarter results, showing a year-on-year increase in revenue but a decline in net profit for the first three quarters [1] Financial Performance - The company's third-quarter revenue reached 91.5191 million yuan, representing a year-on-year growth of 26.41% [1] - For the first three quarters, total revenue was 219 million yuan, reflecting a year-on-year decline of 16.24% [1] - The net profit attributable to shareholders in the third quarter was -9.0342 million yuan, while the net profit for the first three quarters was -69.8991 million yuan [1] - Basic earnings per share stood at -0.05 yuan per share [1] Operational Insights - The decline in revenue during the first half of the year was attributed to a decrease in sales volume and selling price of domestic gas meters, leading to a drop in operating income [1] - The increase in third-quarter revenue and gross margin, along with a reduction in net loss compared to the first half of the year, indicates an improvement in operational conditions [1]

Core Viewpoint - The actual controller of Zhongxi Tianma Rare Earth Company is a natural person shareholder, Lin Ping, rather than China Rare Earth Group, despite the company's 20% stake in Zhongxi Tianma [1] Company Information - San Chuan Wisdom holds a 20% equity stake in Zhongxi Tianma Rare Earth Company [1] - The company clarified its ownership structure in response to investor inquiries on an interactive platform [1]

数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 根据国家统计局数据可知：2025年8月全国仪器仪表制造业出口货值为143.8亿元，同比增长0.3%；2025 年1-8月全国仪器仪表制造业累计出口货值为1101.4亿元，累计同比增长9.8%。 2019年-2025年1-8月全国仪器仪表制造业出口货值统计图 上市公司：创远信科（831961），奥迪威（832491），同惠电子（833509），海能技术（430476），新 芝生物（430685），基康仪器（830879），天罡股份（832651），驰诚股份（834407），莱赛激光 （871263） 相关报告：智研咨询发布的《2025-2031年中国仪器仪表市场供需预测及未来发展趋势报告》 ...

Core Insights - Wuhan Honghuize Laboratory Equipment Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a focus on laboratory and analytical equipment sales [1] Company Overview - The company is legally represented by Li Chong and operates in various sectors including sales of laboratory analysis instruments, smart instruments, and general machinery [1] - The business scope includes a wide range of activities such as electronic components wholesale and retail, office equipment sales, and environmental protection equipment sales [1] Business Activities - The company engages in technology services, development, consulting, and transfer, as well as industrial design and installation services [1] - It also focuses on the sale of second-class medical devices, software development, and artificial intelligence application software [1] - Additional activities include sales of chemical products (excluding licensed chemical products), teaching instruments, and communication equipment [1]

Core Insights - China's goods trade import and export reached 33.61 trillion yuan in the first three quarters of this year, showing a year-on-year growth of 4% [1] - Exports amounted to 19.95 trillion yuan, increasing by 7.1%, while imports were 13.66 trillion yuan, slightly decreasing by 0.2% [1] - The growth rate of imports and exports has accelerated quarter by quarter, with a notable 8% increase in September, surpassing market expectations [1] Trade Performance - The export of mechanical and electrical products reached 12.07 trillion yuan, growing by 9.6%, accounting for 60.5% of total exports [1] - High-tech product exports totaled 3.75 trillion yuan, with an 11.9% increase, contributing over 30% to overall export growth [1][2] - The "new three items" and green products, such as railway electric locomotives, have seen double-digit growth [2] Regional Trade Dynamics - Major economic provinces like Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong contributed over 80% to national export growth, with a combined increase of 5.2% [2] - The western region's trade maintained strong momentum, with imports and exports reaching 3.21 trillion yuan, a year-on-year growth of 10.2% [2] Market Diversification - Trade with Belt and Road Initiative countries reached 17.37 trillion yuan, growing by 6.2%, accounting for 51.7% of total trade [3] - Exports to ASEAN, Latin America, Africa, and Central Asia grew by 9.6%, 3.9%, 19.5%, and 16.7% respectively [3] - Cross-border e-commerce imports and exports reached 1.37 trillion yuan, increasing by 10.3%, contributing significantly to employment [3] Trade Policy Stance - China has announced it will not seek new special and differential treatment in current and future WTO negotiations, indicating a commitment to open markets and multilateralism [4]