Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company reported a strong performance in the first three quarters of 2025, achieving operating revenue of 4.026 billion yuan, a year-on-year increase of 40.19%, and a net profit attributable to shareholders of 399 million yuan, up 13.13% year-on-year [9] - The liquid cooling business is poised for growth, driven by technological advancements and partnerships with major clients like NVIDIA and Intel [9] - The company is expected to benefit from the rapid growth in data center rack scale and new energy storage installations, with projected revenues of 6.401 billion yuan, 8.710 billion yuan, and 11.923 billion yuan for 2025, 2026, and 2027 respectively [9] Financial Performance Summary - **Revenue Forecast**: - 2023A: 3.529 billion yuan - 2024A: 4.589 billion yuan - 2025E: 6.401 billion yuan - 2026E: 8.710 billion yuan - 2027E: 11.923 billion yuan - **Net Profit Forecast**: - 2023A: 344 million yuan - 2024A: 453 million yuan - 2025E: 609 million yuan - 2026E: 820 million yuan - 2027E: 1.122 billion yuan - **EPS Forecast**: - 2023A: 0.47 yuan - 2024A: 0.61 yuan - 2025E: 0.62 yuan - 2026E: 0.84 yuan - 2027E: 1.15 yuan [8][10] Market Performance - The company's stock has shown a performance of -7% over the last 12 months compared to the Shanghai Composite Index and the CSI 300 Index [4]

Group 1: Research Basic Information - The research object is Bojie Co., Ltd., belonging to the special equipment industry, with a reception time of October 14, 2025, and the listed company's reception staff is the board secretary Huang Can [16] Group 2: Detailed Research Institutions - The research institutions include Fangzheng Huisheng (investment company, representative: Han Zhenguo), Yuanju Capital (others, representative: Yang Yan), Qianyi Capital (others, representative: Sun Linqi), Yangxiang Investment (others, representative: Dai Xi), Cinda Securities (securities company, representative: Wang Rui), E Fund (fund management company, representative: Yao Huanchen), Grain Investment (others, representative: Guo Yuanrao), Saisuo Investment (others, representative: Huang Qixu), Roadshow Era (others, representatives: Wang Jizhuo, Lin Qian), Hongrui Zhiying (others, representative: Zhang Xianfu) [17] Group 3: Main Content - The company led investors to visit the production line and then returned to the meeting room for communication [22] - In the liquid - cooled server testing field, besides N customer's demand, other customers also want to introduce liquid - cooling and testing solutions, and the company will actively expand the market. The current target is to provide thermal management solutions for customers' high - power products [23] - Liquid - cooled components are the company's future development direction and are still in progress. The self - developed liquid - cooled module products are used in the company's testing equipment. The company cooperates with the industrial chain and universities to research and develop materials needed for liquid - cooling solutions but does not produce the materials itself [23][24] - The company focuses on water - cooling heads, quick connectors, etc. in the liquid - cooling field. It will design, develop, and integrate industrial chain resources based on its competitive advantages and customer needs to achieve the launch and mass production of component products [25] - The core advantage of the company's transformation from the testing field to component supply is its high - quality customer resources. Through in - depth cooperation with customers in the testing field, it can accurately capture customer pain points and provide solutions [25] - The big data and cloud server testing field accounts for about 25% of the company's revenue [26] - Based on the needs of N customer and other customers, the orders for AI server - related testing equipment are expected to be optimistic this year. The orders for automotive electronics are growing rapidly and have been delivered. The orders in the 3C field are relatively stable. The orders for MLCC field equipment are growing rapidly as the MLCC industry has recovered since last year. The revenue of dicing machines in the semiconductor field is growing rapidly but with a small overall proportion [27]

Group 1 - Huayi Technology's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling no more than 2.5433 million shares, from November 5, 2025, to February 4, 2026 [1] - Huayi Technology specializes in intelligent testing equipment for automotive powertrains, testing services for new energy vehicles, and intelligent driving-related businesses [1] - China Overseas Land & Investment reported a contract sales amount of 1.08 billion yuan in September, a year-on-year decrease of 59% [1] Group 2 - Degute announced it does not participate in nuclear energy or nuclear pollution control equipment manufacturing, focusing instead on energy-saving and environmental protection equipment [2] - Degute's main business targets chemical, energy, metallurgy, and solid waste treatment sectors [2][3] Group 3 - Zhongke Sanhuan expects a net profit of 80 million to 100 million yuan for the first three quarters of 2025, compared to a loss of 42.053 million yuan in the same period last year [4] - The company specializes in rare earth permanent magnet materials and new magnetic materials [4] Group 4 - Jieshun Technology anticipates a net profit of 68 million to 80 million yuan for the first three quarters of 2025, representing a year-on-year increase of 58.11% to 86.01% [5] - The company focuses on intelligent parking management systems and related services [5] Group 5 - Shengtun Mining plans to acquire Canadian Loncor's gold mine assets for approximately 1.35 billion yuan (190 million USD) [6] - The acquisition targets the Adumbi gold mine project in the Democratic Republic of the Congo, which has significant resource potential [6][7] Group 6 - Xizi Clean Energy reported new orders of 1.27 billion yuan in the third quarter, with total new orders of 4.054 billion yuan for 2025 [7] - The company specializes in waste heat boilers and clean energy generation equipment [7] Group 7 - Xiangsha Precision plans to invest 49% in a new investment fund focused on humanoid robots and industrial robots, with a total subscription amount of 49 million yuan [8] - The fund aims to invest in key components for humanoid robots and industrial service robots [8] Group 8 - Huangting International announced the termination of major asset sales and debt restructuring due to failure to reach consensus on core terms [10] - The company faces potential financial risks as its main assets have been judicially determined to be used for debt repayment [10] Group 9 - Jinlang Technology reported a net profit growth of 29.39% year-on-year for the first three quarters of 2025, with a total revenue of 5.663 billion yuan [12][13] - The company specializes in the research, production, and sales of string inverters for solar power generation [12] Group 10 - Guoen Co. signed a cooperation agreement for a photovoltaic production increase and seawater lithium extraction project, with a total funding of 26.7 million HKD from both parties [14] - The project focuses on enhancing photovoltaic cooling efficiency and developing lithium extraction systems [14] Group 11 - Aerospace Intelligent Manufacturing expects a net profit of 600 million to 664 million yuan for the first three quarters of 2025, representing a year-on-year increase of 12% to 24% [15] - The company operates in the automotive parts, oil and gas equipment, and high-performance functional materials sectors [15] Group 12 - Fuxin Technology's shareholder plans to transfer 3% of the company's shares, totaling 2.6472 million shares, due to personal funding needs [16] - The company specializes in the research, production, and sales of conductive silver paste for photovoltaic cells [16] Group 13 - Dike Co. plans to acquire 62.5% of Jiangsu Jingkai Semiconductor Technology Co. for 300 million yuan, focusing on storage chip packaging and testing services [17] - The acquisition will make Dike Co. the controlling shareholder of Jiangsu Jingkai [17] Group 14 - Phoenix Shipping plans to purchase dry bulk carriers for up to 60 million USD to expand its capacity and optimize fleet structure [18] - The funding will come from self-owned and raised funds [18] Group 15 - Ru Yi Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [21] - The company continues normal production and operational activities during the investigation [21] Group 16 - Kuntai Co. signed a cooperation letter of intent with French company Trèves to establish a carpet production line in Morocco [23] - The agreement ensures a long-term supply of automotive carpets to Trèves for five years [23] Group 17 - Huason Pharmaceutical's shareholders plan to reduce their holdings by up to 3% of the company's shares, totaling 12.5278 million shares [25] - The reduction is due to personal and fund funding needs [25] Group 18 - Zhongshe Co. plans to acquire 51% of Wuxi Jiaojian New Materials for 68.85 million yuan, focusing on asphalt and stabilized mixture production [27] - The acquisition will enhance Zhongshe's capabilities in the transportation and construction sectors [27] Group 19 - Tai Jia Co. plans to transfer its 2.5% stake in a venture capital fund for 14.3827 million yuan [28] - The transaction will result in Tai Jia no longer holding any shares in the fund [28] Group 20 - Weilan Lithium Core plans to invest 20 million USD in the Green Beauty Indonesia project to enhance its market competitiveness [30] - The investment will result in a 5.95% stake in the target company, which produces high-nickel ternary precursors [30] Group 21 - Guosheng Technology's subsidiary plans to invest 230 million yuan in Tieling Global for a solid-state battery project [32] - The investment will result in a 51.11% stake in Tieling Global, integrating the solid-state battery supply chain [32]

美腾科技所属申万行业为：机械设备-专用设备-能源及重型设备。所属概念板块包括：小盘、微盘股、 DeepSeek概念、人工智能、融资融券等。 截至6月30日，美腾科技股东户数5062.00，较上期增加5.57%；人均流通股6738股，较上期减少5.27%。 2025年1月-6月，美腾科技实现营业收入2.65亿元，同比减少5.91%；归母净利润813.13万元，同比减少 74.35%。 分红方面，美腾科技A股上市后累计派现6948.87万元。 责任编辑：小浪快报 10月15日，美腾科技盘中上涨2.02%，截至10:04，报25.30元/股，成交440.90万元，换手率0.52%，总市 值22.37亿元。 美腾科技今年以来股价涨16.94%，近5个交易日跌1.44%，近20日跌1.21%，近60日涨1.36%。 资料显示，天津美腾科技股份有限公司位于天津市南开区奥城国际C6南7楼，成立日期2015年1月21 日，上市日期2022年12月9日，公司主营业务涉及是一家以提供工矿业智能装备与系统为主体业务的科 技企业,核心产品集聚感知、分析、推理、决策、控制功能。主营业务收入构成为：智能装备71.86%， 智能系统与仪器 ...

Core Insights - 27 companies listed on the ChiNext board have released their performance forecasts for the first three quarters, with 23 companies expecting profit increases, representing 85.19% of the total [1] - The overall proportion of companies with positive forecasts is 92.59%, with 2 companies expecting to turn a profit and 2 companies forecasting profit declines [1] Performance Forecasts - Among the companies expecting profit increases, 9 companies anticipate a net profit growth of over 100%, while 6 companies expect a growth between 50% and 100% [1] - The company with the highest expected net profit growth is Morning Light Bio, forecasting a median increase of 372.80% [1] - Other notable companies include Glacier Network and Bai Ao Intelligent, with expected net profit growths of 207.09% and 184.12%, respectively [1] Company Performance Data - The following companies are highlighted for their significant expected profit increases: - Morning Light Bio (Code: 300138) - Expected net profit growth: 372.80%, Latest closing price: 13.99, Year-to-date change: 62.33% [1] - Glacier Network (Code: 300533) - Expected net profit growth: 207.09%, Latest closing price: 38.10, Year-to-date change: 92.81% [1] - Bai Ao Intelligent (Code: 300836) - Expected net profit growth: 184.12%, Latest closing price: 56.53, Year-to-date change: 95.40% [1] - Other companies with notable growth include Chuan Jin Nuo (171.61%), Jin Li Yong (168.00%), and Bo Teng (139.09%) [1]

Group 1: General Information - The research object is Huali Technology, belonging to the special equipment industry, and the reception time was on October 14, 2025. The company's reception staff included the board secretary Huashun Yang and the securities affairs supervisor Linyong [17] - Participating research institutions include CITIC Securities, GF Securities, Guolian Fund, Golden Eagle Fund, etc [2] Group 2: Investor Questions and Company Responses - Regarding the potential impact of the US's proposed tariff increase on overseas sales, the company stated that its overseas sales mainly cover Asia, Europe, and the Americas, with a low proportion of revenue from the US market. The tariff increase is uncertain, and the company will focus on international situations, design diverse cross - border service solutions, and explore overseas market opportunities [22] - To extend the life cycle of anime trading cards, the company uses well - known IPs or national - trend cultures, updates game content regularly, and hosts events and competitions through self - operation [22] - The core player group of Pokémon Bright Star is relatively stable. During the product iteration period, the company held a gratitude event and invited players to experience the new product [22] - The company will increase the external release of Pokémon Bright Star according to market demand and explore the feasibility of multi - business channel placements [23] - The company's Three Kingdoms Fantasy Battle TCG card game, first unveiled at the Guangzhou Anime Game Festival in early October, is an attempt at the "amusement equipment + TCG card" model, enabling seamless online - offline integration and creating a new card sales model [24]

Investment Rating - The investment rating for the company is "Buy" [7] Core Views - The company has achieved significant revenue growth, with a 40.2% year-on-year increase in revenue for the first three quarters of 2025, reaching 4.03 billion yuan, and a net profit of 400 million yuan, up 13% year-on-year [1] - The growth in Q3 was driven by increased revenue from energy-saving products for server rooms and cabinets, despite a slight quarter-on-quarter decline of 11% due to revenue recognition timing [2] - The company is positioned strongly in the liquid cooling market, with comprehensive product offerings and recognition from major players like Intel and Google, indicating a robust competitive advantage [3][11] Financial Performance - For 2025, the company expects revenues of 6.2 billion yuan, with a year-on-year growth rate of 35.1%, and net profits of 603 million yuan, reflecting a growth rate of 33.2% [12] - The overall gross margin for the company is reported at 29.4%, with a net profit margin of 12.9%, both showing quarter-on-quarter improvements [2] - The company’s inventory has increased to 1.23 billion yuan, up 39% year-on-year, indicating a strong order backlog and project reserves [2] Market Position and Future Outlook - The liquid cooling industry is expected to become increasingly complex, with a shift towards integrated solutions that require collaboration among various stakeholders [4] - Companies with comprehensive solution capabilities will have a competitive edge, as clients increasingly rely on pre-sales design and post-sales operations [5] - The company is well-positioned to capitalize on the growing demand for liquid cooling solutions, particularly in the context of rising energy consumption in AI clusters [11]

证券之星消息，截至2025年10月14日收盘，艾隆科技(688329)报收于19.98元，下跌1.09%，换手率 2.6%，成交量2.0万手，成交额4042.86万元。 10月14日的资金流向数据方面，主力资金净流出403.88万元，占总成交额9.99%，游资资金净流入 125.91万元，占总成交额3.11%，散户资金净流入277.98万元，占总成交额6.88%。 该股主要指标及行业内排名如下： | 指标 | 艾隆科技 | 专用设备行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 15.42亿元 | 76.11亿元 | 261 267 | | 净资产 | 7.8亿元 | 22.37亿元 | 207 267 | | 净利润 | -839.02万元 | 6732.17万元 | 222 267 | | 市盈率(动) | -91.92 | 46.1 | - 267 | | 市净率 | 2.02 | 3.86 | 40 267 | | 毛利率 | 40.69% | 27.6% | 33 267 | | 净利率 | -7.33% | 0.42% | 236 267 | | R ...

今日上证指数高开低走，收盘下跌0.62%，深证成指下跌2.54%，个股涨跌幅中位数为下跌0.97%。涨停 板方面，今日涨停个股数较昨日减少较多，今日并无涨停股数量有特别优势的板块。不过大消费概念涨 停股相对较多。此前热门的AI产业链近期涨停股数量总体趋少，而大消费概念近期却现较多涨停股， 这可能是行情风格转变的一个信号。 值得注意的是，从主力资金情况来看，培育钻石概念股黄河旋风今日有较多主力资金流入，同时今日多 只培育钻石概念股涨幅较大，如力量钻石、惠丰钻石、四方达、楚江新材涨幅均在10%以上。 消息面上，楚江新材预计公司前三季度净利润3.5亿–3.8亿元，同比增长2057.62%–2242.56%，主因产品 升级与技术改造项目投产带动产销规模及收入持续增长。10月9日，商务部会同海关总署发布关于对超 硬材料、稀土设备和原辅料、钬等5种中重稀土、锂电池和人造石墨负极材料相关物项实施出口管制措 施的公告，将于11月8日正式实施。 每经记者｜闫峰峰 每经编辑｜何建川 各位投资者，大家好。 涨跌停板数据，不仅是反映板块和个股强弱的指标，更是市场情绪与资金流向的重要标志。那么，今日 的涨停个股有哪些特点呢？哪些涨停股 ...

证券之星消息，10月14日专用设备板块较上一交易日下跌1.34%，西磁科技领跌。当日上证指数报收于 3865.23，下跌0.62%。深证成指报收于12895.11，下跌2.54%。专用设备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) | | --- | --- | --- | --- | --- | --- | | 300950 | 德国特 | 40.57 | 19.99% | 18.49万 | 7.02亿 | | 600843 | 上工申贝 | 13.73 | 10.02% | 99.97万 | 13.62亿 | | 001225 | 和泰机电 | 52.20 | 10.01% | 2.22万 | 1.14亿 | | 688128 | 中国电研 | 35.85 | 7.37% | 17.01万 | 6.00亿 | | 300509 | 新美星 | 10.94 | 7.36% | 29.56万 | 3.22亿 | | 300756 | 金马游乐 | 58.66 | 6.79% | 8.86万 | 5.07亿 | | 920026 | 卓兆点胶 | 38. ...