劲拓股份公告，自2025年9月3日起，由公司董事长吴思远先生代行董事会秘书职责。董事会秘书职位空 缺时间已超过3个月，根据规定，董事长应当代行该职责。公司将尽快完成董事会秘书的选聘工作。 ...

中捷资源今日涨停，全天换手率25.48%，成交额8.37亿元，振幅13.28%。龙虎榜数据显示，机构净卖出 3707.51万元，营业部席位合计净卖出2980.40万元。 深交所公开信息显示，当日该股因日涨幅偏离值达11.42%上榜，机构专用席位净卖出3707.51万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.95亿元，其中，买入成交额为6386.36 万元，卖出成交额为1.31亿元，合计净卖出6687.91万元。 中捷资源9月3日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 国信证券股份有限公司北京分公司 | 2911.22 | 110.70 | | 买二 | 机构专用 | 971.45 | 3637.23 | | 买三 | 机构专用 | 816.60 | 1627.18 | | 买四 | 机构专用 | 779.11 | 1010.25 | | 买五 | 华鑫证券有限责任公司佛山南海海五路证券营业部 | 769.52 | 11.05 | | 卖一 | 机构专用 | 971.4 ...

Group 1 - The company is currently engaged in technology research and development in the liquid cooling field [1] - There is no business collaboration between the company and Nvidia at this time [1]

Core Viewpoint - The company has provided significant guarantees for its subsidiaries, which raises concerns about financial leverage and risk exposure [1] Group 1: Guarantees and Financials - As of the announcement date, the total external guarantees provided by the company and its subsidiaries exceed 50% of the most recent audited net assets [1] - On September 3, 2025, the company signed a guarantee contract with the Hunan Branch of the Export-Import Bank of China to provide joint liability guarantees for a loan of 48 million USD (approximately 341.32 million RMB) requested by its wholly-owned subsidiary Avmax [1] - The annual general meeting in 2024 approved a total guarantee amount not exceeding 86.58 million RMB for Avmax, leaving a remaining available guarantee amount of 16.71 million RMB after this guarantee [1] - As of June 30, 2025, the company's total external guarantee balance is 307.28 million RMB, accounting for approximately 66.59% of the most recent audited net assets, with no violations of external guarantee regulations [1]

Group 1 - The stock price of Beihua Co., Ltd. has dropped by 5.04% on September 3, reaching 16.02 CNY per share, with a trading volume of 277 million CNY and a turnover rate of 3.08%, resulting in a total market capitalization of 8.796 billion CNY [1] - Beihua Co., Ltd. has experienced a continuous decline in stock price for three consecutive days, with a cumulative drop of 4.26% during this period [1] - The company, established on August 23, 2002, and listed on June 5, 2008, is located in Luzhou, Sichuan Province, and its main business involves the production and sales of nitrocellulose and industrial pumps [1] Group 2 - The top circulating shareholder of Beihua Co., Ltd. includes a fund under Great Wall Fund, specifically the Great Wall Jiujia Innovation Growth Mixed A (004666), which entered the top ten circulating shareholders in the second quarter, holding 5 million shares, accounting for 0.91% of circulating shares [2] - The estimated floating loss for the Great Wall Jiujia Innovation Growth Mixed A fund today is approximately 4.25 million CNY, with a floating loss of 3.75 million CNY during the three-day decline [2] - The fund, managed by Yu Guoliang, has a total scale of 2.051 billion CNY, with a year-to-date return of 34.52%, ranking 1697 out of 8180 in its category, and a one-year return of 98.9%, ranking 360 out of 7967 [2]

Core Viewpoint - The company has experienced rapid performance improvement, driven by increased demand for high-end equipment, resulting in a significant rise in overall gross margin [2] Financial Performance - In H1 2025, the company achieved operating revenue of 454 million yuan, a year-on-year increase of 26.22%, and a net profit attributable to shareholders of 67 million yuan, a year-on-year increase of 144.18% [1] - The company's gross margin and net profit margin for H1 2025 were 41.86% and 15.06%, respectively, reflecting increases of 9.6 and 7.03 percentage points [2] - The company effectively controlled overall expenses, with sales, management, financial, and R&D expense ratios at 13.6%, 5.18%, -3.68%, and 9.15%, showing changes of +0.27, -0.43, +0.71, and -0.95 percentage points, respectively [2] Product Performance - Revenue from solder paste printing equipment reached approximately 292 million yuan, a year-on-year increase of 53.56%, with a gross margin of 46.54%, up 7.57 percentage points [2] - The market share of dispensing equipment steadily increased, generating revenue of approximately 60.5 million yuan, a year-on-year increase of 26.31% [2] - Revenue from packaging equipment was approximately 59.18 million yuan, a year-on-year decrease of 38.85%, primarily due to a slowdown in industry demand [3] - Revenue from flexible automation equipment reached approximately 24.51 million yuan, a year-on-year increase of 71.33%, with the company's 800G optical module automation assembly line recognized by a globally renowned client [3] Investment Outlook - The company, as a leading provider of solder paste printing equipment, is diversifying its product offerings across multiple fields, with collaborative development across business segments [4] - Projected net profits attributable to shareholders for 2025-2027 are estimated at 138 million, 185 million, and 224 million yuan, corresponding to EPS of 1.30, 1.74, and 2.10 yuan, and PE ratios of 51.04, 38.10, and 31.53 times, respectively [4]

Group 1 - The core viewpoint of the news is that Yinghe Technology has seen a significant stock price increase of 7.37%, reaching 28.70 CNY per share, with a total market capitalization of 18.629 billion CNY [1] - Yinghe Technology specializes in the research, design, manufacturing, sales, and service of lithium battery production equipment, with 65.66% of its revenue coming from this main business [1] - The company was established on June 26, 2006, and went public on May 14, 2015 [1] Group 2 - Western Li De Fund has a significant holding in Yinghe Technology, with its fund, Western Li De New Enjoy Mixed A (008541), holding 5,700 shares, accounting for 1.03% of the fund's net value [2] - The fund has achieved a year-to-date return of 10.49% and a one-year return of 19.22% [2] - The fund manager, Mi Huaqing, has a tenure of 2 years and 349 days, with the best fund return during this period being 21.82% [3]

Group 1 - The core viewpoint of the news is that Taixin Fund has conducted research on Ningbo Jingda, which specializes in heat exchanger and precision press equipment, and has seen a recovery in orders and performance in the second quarter after a slight decline in the first half of the year due to international trade factors [1] - Ningbo Jingda focuses on manufacturing battery shell and motor shell stamping equipment, and has achieved a year-on-year double-digit growth in orders starting from the second quarter [1] - The company has acquired 100% of Wuxi Weiyan, leading to a 70% increase in export orders in the first half of the year, with North American orders reaching the level of the previous year [1] Group 2 - The company has established a joint venture, Germany Jingda Shaola, to introduce advanced technologies such as high-frequency pipe making and rolling machines, promoting import substitution [1] - The microchannel heat exchanger equipment is applied in various fields including automotive thermal management, data centers, and hydrogen energy, with clients such as BYD, Faurecia, and Sanhua [1] - The company is expanding into new directions such as EV, robotics, eVTOL lightweighting, and hydrogen energy, while also focusing on the development of specialized machines for robotics [1]

Group 1 - The core viewpoint of the article highlights the recent research conducted by Baoyin Investment on Ningbo Jingda, a listed company specializing in heat exchanger and precision press equipment, with a focus on battery and motor casing stamping equipment [1] - The company's performance in the first half of the year experienced a slight decline due to international trade factors, but there was a recovery in the second quarter with double-digit year-on-year growth in orders [1] - The acquisition of 100% equity in Wuxi Weiyan contributed to a 70% increase in export orders in the first half of the year, with North American orders reaching the level of the previous year [1] Group 2 - The establishment of a joint venture, Germany Jingda Shaola, aims to introduce advanced technologies such as high-frequency pipe manufacturing and rolling machines to promote import substitution [1] - The microchannel heat exchanger equipment is applied in various fields including automotive thermal management, data centers, and hydrogen energy, with clients such as BYD, Valeo, and Sanhua [1] - The company is expanding into new directions such as EV, robotics, eVTOL lightweighting, and hydrogen energy, while also focusing on the development of specialized machines for robotics [1]

Core Viewpoint - The company reported a decline in revenue and net profit for H1 2025, primarily due to weakened market demand for its core product, filter presses [4][5]. Financial Performance - In H1 2025, the company achieved revenue of 2.83 billion, a year-on-year decrease of 9.6%, and a net profit attributable to shareholders of 330 million, down 28.5% year-on-year [4]. - For Q2 2025, revenue was 1.42 billion, a year-on-year decline of 12.3%, with a net profit of 160 million, down 30.0% year-on-year [4]. - The overall gross margin decreased by 3.5 percentage points to 25.9%, while the net profit margin fell by 3.1 percentage points to 11.6% [5]. Market Demand and Sales - The demand for filter presses has weakened, leading to pressure on both sales volume and profit margins [5]. - Revenue from the new energy sector decreased significantly, with its contribution to total revenue dropping by 9.1 percentage points to 13.4% [5]. - Domestic revenue accounted for 95.8% of total revenue, amounting to 2.71 billion, down 9.0% year-on-year, while international revenue was 120 million, down 21.4% [5]. Strategic Initiatives - The company is actively promoting new products and expanding into new markets, focusing on technological innovation and product upgrades [6]. - Orders and revenue from supporting equipment have been increasing, although their lower gross margins limit their contribution to overall net profit [6].