证券日报网讯 深天马A11月17日在互动平台回答投资者提问时表示，公司分红方案遵守规则的要求，综 合公司经营情况、未来发展规划等因素后作出。未来，公司将在具备分红条件的前提下结合公司的经营 发展规划，积极分红回报投资者。 ...

Group 1 - The company, Deep Tianma A, reported that as of November 10, 2025, the number of shareholders is 72,702, including margin accounts [2]

Group 1 - The company Junchen Technology (301106) responded to investor inquiries on November 14, indicating that as of November 10, 2025, the number of shareholders is 8,879 [1]

Group 1: Manufacturing Innovations - The manufacturing sector in Shaanxi is experiencing significant technological innovation, with companies like Qinchuan Machine Tool Group achieving breakthroughs in core components for industrial robots, transitioning from "none" to "some" and then to "precision" in domestic RV reducers [2] - Zhejiang Geely Holding Group's new vehicle production base in Xi'an is fully automated, with a projected output of over 300,000 vehicles in 2024, showcasing advancements in manufacturing efficiency [1][2] - The emphasis on smart, green, and integrated manufacturing is highlighted as a strategy for enhancing product quality and production efficiency in the face of market competition [1] Group 2: Agricultural Advancements - The agricultural sector in Shaanxi is also embracing technology, with smart greenhouses allowing farmers to control conditions via mobile devices, leading to increased efficiency and quality in tomato production [2] - The kiwi fruit industry in Zhouzhi County is utilizing high-tech sorting lines and pre-cooling ripening techniques to enhance fruit quality and standardization, with an annual production exceeding 600,000 tons and a total output value surpassing 10 billion yuan [4] - The integration of technology in agriculture is transforming traditional practices, contributing to job creation and economic growth in rural areas [2][4] Group 3: Policy and Strategic Direction - The 20th Central Committee of the Communist Party of China emphasizes the need for a coordinated development of technology-driven, green, quality, and brand agriculture, aiming to modernize the agricultural sector into a significant industry [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 4.31 billion with a year-on-year increase of 20.6% for the first three quarters of 2025, and a net profit attributable to shareholders of 129 million, up 15.1% [3][9]. - In Q3 alone, the company achieved a revenue of 1.545 billion, reflecting a 13.8% year-on-year growth, and a net profit of 77 million, which is a 9.93% increase [3][9]. - The gross profit margin for the first three quarters was 18.5%, slightly down by 0.2 percentage points year-on-year, while the net profit margin was 3.0%, down by 0.1 percentage points [9]. Summary by Sections Financial Performance - For the first three quarters, the company achieved a revenue of 4.31 billion, a 20.6% increase year-on-year, and a net profit of 129 million, up 15.1% [3][9]. - Q3 results showed a revenue of 1.545 billion, a 13.8% increase, and a net profit of 77 million, up 9.93% [3][9]. - The gross profit margin for Q3 was 22.4%, down 1.1 percentage points year-on-year, while the net profit margin was 5.0%, down 0.2 percentage points [9]. Business Segments - The new display segment is expected to maintain rapid growth, with orders for automotive displays and 3A cover glass gradually being released [9]. - The application materials segment is anticipated to decline, with a noted decrease in gross profit margin [9]. Cost and Efficiency - The company’s expense ratio decreased by 1.9 percentage points to 14.8%, with reductions in management, R&D, and financial expenses [9]. - The net profit margin after deducting non-recurring items improved to 1.9%, up by 1.9 percentage points year-on-year [9]. Future Outlook - The company is expected to expand its new materials business and increase production of UTG cover glass, projecting net profits of 160 million and 230 million for 2025 and 2026, respectively [9].

Group 1 - The company, Tianma Microelectronics Co., Ltd., will participate in the "2025 Annual Online Collective Reception Day for Investors of Listed Companies in Shenzhen" [2] - The event is guided by the Shenzhen Securities Regulatory Bureau and the China Securities Investor Services Center, and organized in collaboration with the Shenzhen Listed Companies Association and Shenzhen Panorama Network Co., Ltd. [2] - The event is scheduled for November 20, 2025, aimed at enhancing interaction and communication with investors [2]

Group 1 - The core viewpoint of the article highlights the recent trend of state-owned enterprises (SOEs) acquiring listed companies, with a specific focus on the case of Visionox, which is set to be controlled by Hefei Jianshu Investment Co., Ltd. through a private placement of shares totaling up to 2.937 billion yuan [3][5][10] - Visionox plans to issue 419 million shares at a price of 7.01 yuan per share, raising funds primarily for working capital and debt repayment, which will enhance its financial strength and operational capabilities [5][6] - Hefei Jianshu's acquisition will increase its stake in Visionox from 11.45% to 31.89%, making it the controlling shareholder, with the Shushan District People's Government becoming the actual controller [5][6] Group 2 - Visionox, established in 2001, specializes in the research, production, and sales of OLED and Micro-LED display devices, holding a significant market share in the smartphone AMOLED panel sector, ranking third globally with an 11.2% share and first in the smart wearable AMOLED panel market with a 27% share [6][7] - Despite its market position, Visionox has faced continuous losses in recent years, with reported revenues of 7.477 billion yuan in 2022 and net losses of 2.07 billion yuan, indicating financial challenges amid fierce industry competition [7][8] - The article notes a broader trend of SOEs acquiring listed companies across various regions, driven by the need for local industries to strengthen and expand, as well as the challenges faced by companies in raising capital in the current market environment [10][11][12]

Core Insights - The trading volume of Visionox reached 1.015 billion yuan, marking the highest level since February 26, 2025 [2] - The latest stock price increased by 0.49%, with a turnover rate of 6.84% [2] - The previous trading day's total transaction volume for the stock was 79 million yuan [2]

Overview - Shenzhen Baoming Technology Co., Ltd. has decided to deregister its wholly-owned subsidiary, Huizhou Baoming Display Technology Co., Ltd., to optimize resource allocation and reduce management costs [2][3]. Company Information - The subsidiary, Huizhou Baoming Display Technology Co., Ltd., was established on February 19, 2014, with a registered capital of 5 million RMB [2]. - The company is a limited liability company wholly owned by Huizhou Baoming Precision Co., Ltd., which is in turn 100% owned by Shenzhen Baoming Technology Co., Ltd. [2]. Reasons for Deregistration and Impact - The deregistration is aimed at further integrating resources, improving asset operation efficiency, and reducing management costs, without harming the interests of the company or its shareholders, especially minority shareholders [3]. - After the deregistration, Huizhou Baoming Display will no longer be included in the consolidated financial statements of the company, and it will not significantly impact the company's financial status or operational results [3].

Group 1 - The core viewpoint of the article highlights the inquiry about the implementation of unmanned intelligent production lines at Visionox, in light of advancements in artificial intelligence and automation [2]. - Visionox primarily engages in the production, processing, and sales of small to medium-sized AMOLED display devices, indicating a focus on emerging display technologies [2]. - The company has achieved a high level of automation and intelligent collaboration across its production processes, suggesting significant advancements in operational efficiency [2].