Group 1 - Dongfang Electric announced that three executives plan to reduce their holdings by a total of no more than 30,000 shares due to personal financial needs [1] - Yahu Pharmaceutical's APL-1401 clinical trial data was presented at the 19th European Colorectal Congress, indicating progress in treating moderate to severe ulcerative colitis [1] - Guizhou Bai Ling's actual controller is under investigation by the China Securities Regulatory Commission for insider trading and information disclosure violations [3] Group 2 - Bairen Medical's ePTFE pericardial membrane product has been approved for registration, ending the reliance on imports for this product in the domestic market [4] - Qianxin received approval for a total of 2 billion yuan in technology innovation bonds, with plans to issue medium-term notes and short-term financing bonds [6] - Tengjing Technology's shareholder plans to reduce holdings by no more than 1.96% of the company's shares [7] Group 3 - Yuntianhua's subsidiary is required to pay 386 million yuan in overdue taxes and penalties, which will impact the company's net profit for 2025 [8] - Jianyou Pharmaceutical's propofol emulsion injection has received FDA approval in the United States [9] - Suzhou Gaoxin successfully acquired land use rights for a residential project for 360 million yuan [9] Group 4 - Chalco International's subsidiary won a bid for a 3.03 billion yuan electrolytic aluminum project [11] - Tai Long Pharmaceutical's stock will continue to be suspended due to potential changes in control as the major shareholder is planning a share transfer [12] - Qianli Technology reported a 63.44% year-on-year increase in automobile sales for November, although new energy vehicle sales decreased by 43.98% [13] Group 5 - Fosun Pharma's innovative drug FXS0887 has received approval for a Phase I clinical trial for advanced malignant solid tumors [14] - Guoen Co. has obtained approval for a project to produce 20,000 square meters of aviation-grade acrylic glass, with a total investment of 560 million yuan [15] - Guofa Co.'s chairman resigned due to personal reasons [17] Group 6 - Shanghai Construction won a bid for a state-owned construction land use right for 264 million yuan [18] - Weixin Kang's subsidiary received approval for a clinical trial of lidocaine cream for local anesthesia [20] - Sanxing Medical's subsidiary is a candidate for a 152 million yuan transformer procurement project for the State Grid [20] Group 7 - People's Daily announced the resignation of its president due to work changes, while retaining other leadership roles [21] - Beibu Gulf Port reported a 0.29% year-on-year increase in cargo throughput for November [22] - Chongqing Construction won three engineering projects with a total value of approximately 2.773 billion yuan [23] Group 8 - Xingyu Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange [24] - Huajian Group signed a design contract worth 160 million yuan for a comprehensive project [25] - Wankai New Materials plans to invest 350 million yuan in a technical transformation project for producing 100,000 tons of adipic acid [26] Group 9 - Kaipuyun received a government subsidy of 18 million yuan, which is 87.43% of its net profit for the last audited fiscal year [28] - Ningbo Port expects a 10.8% year-on-year increase in container throughput for November [30] - An Cai High-Tech plans to invest 498 million yuan to upgrade its photovoltaic glass production line [32] Group 10 - Shunhao Co. stated that its existing business has not generated synergies with the rail business, which faces various risks [34] - Yihualu plans to publicly transfer 35% of its stake in Liaoyun Company [35] - ST Wanfang's shareholder plans to reduce holdings by no more than 3% of the company's shares [36] Group 11 - Youyou Food's shareholder plans to reduce holdings by no more than 110,000 shares [38] - Hengtong Optic-Electric's incentive fund has spent 49.98 million yuan to purchase company shares [41] - Zoli Pharmaceutical plans to issue convertible bonds to raise no more than 1.556 billion yuan for various projects [42]

编号：2025-08 证券代码： 002017 证券简称：东信和平 东信和平科技股份有限公司投资者关系活动记录表 投资者关系活动 类别 ☑ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 （请文字说明其他活动内容） 活动参与人员 中信证券股份有限公司、佛山抱石商业投资有限公司 东信和平：卓义伟、黄少芬、龚楚瑶 时间 2025 年 12 月 03 日 地点 公司会议室 形式 线下调研 交流内容及具 体问答记录 1.公司在车联网领域的业务布局和未来规划？ 答：公司积极把握新能源汽车产业快速发展和网联化、智能 化升级带来的市场机遇，聚焦车载数字身份识别与安全连接核心 领域。依托公司在数字身份安全与平台服务的长期技术积累，已 为多家车企及解决方案商提供相关产品与服务。未来，公司将加 大数字安全业务研发投入，强化市场开拓与重点客户攻坚，推动 车联网业务实现可持续增长。 2.公司未来的投资并购方向？ 答：公司将基于自身战略发展需求，通过产融结合适时推进 外延式发展。一是坚持技术同根、市场同源，整合内部优势资源 筑牢公司内生增长；二是通过生态级"纵向拓展+横 ...

Group 1 - The core logic of the report emphasizes optimism for the communication sector in 2026, focusing on opportunities in computing power, telecom operators, and satellite internet [10][11] - The report suggests a stock selection strategy that includes recommendations for companies in various segments such as networking, optical devices, liquid cooling, and copper connections [11] - The report highlights the expected dividend yields for major telecom operators, with China Mobile, China Telecom, and China Unicom projected to have dividend yields of approximately 6.3%, 5.5%, and 5.1% respectively for Hong Kong stocks [11] Group 2 - The report identifies operational risks related to AI demand growth not meeting expectations, which could slow down the conversion speed of enterprise-level AI solutions and affect infrastructure procurement [12][13] - It discusses the potential deterioration of the competitive landscape in AI hardware, as increased capital expenditure by global tech companies may lead to intensified competition [18][19] - The report notes risks associated with the satellite internet sector, particularly regarding the uncertainty of capital expenditure and the maturity of the industry [23][24] Group 3 - The report provides a risk assessment for recommended stocks, including major telecom operators, which are characterized by stable growth, high dividends, and technological growth [30] - It highlights specific risks for individual companies, such as the potential decline in gross margins for Zhongji Xuchuang due to increased competition in the 800G market [31][32] - The report also addresses the risks for companies like Yingwei and Kexin, focusing on market competition and the challenges of expanding into overseas markets [38][40]

（文章来源：证券日报） 证券日报网讯 12月3日，天孚通信在互动平台回答投资者提问时表示，截至2025年11月28日收盘，公司 股东人数为142309户（合并信用账户）。 ...

Core Viewpoint - The trading volume on the Shanghai and Shenzhen Stock Connects shows significant activity, with notable stocks and sectors experiencing varying levels of capital inflow and outflow, indicating potential investment opportunities and market trends. Group 1: Trading Volume - The total trading amount for the Shanghai Stock Connect was 83.656 billion, while the Shenzhen Stock Connect reached 103.653 billion [1]. - The top traded stocks on the Shanghai Stock Connect included Industrial Fulian (19.44 billion), Kweichow Moutai (10.55 billion), and Luoyang Molybdenum (10.48 billion) [2]. - On the Shenzhen Stock Connect, the leading stocks were Xinyi Semiconductor (35.33 billion), Zhongji Xuchuang (34.01 billion), and Panghong Technology (21.77 billion) [3]. Group 2: Sector Performance - Sectors with the highest capital inflow included cultivated diamonds, coal, and wind power equipment, while sectors such as AI applications and lithium mining saw the largest declines [4]. - The optical and optoelectronic sector led in net capital inflow with 14.32 billion, followed by small household appliances (5.97 billion) and industrial metals (4.63 billion) [5]. - The computer sector experienced the highest net capital outflow at -112.12 billion, followed by electronics at -91.84 billion and the new energy sector at -70.77 billion [6]. Group 3: Individual Stock Capital Flow - The top stocks with net capital inflow included N China Platinum (36.82 billion), Tianxue Communication (13.56 billion), and Jingyue Wan A (10.81 billion) [7]. - Conversely, the stocks with the highest net capital outflow were ZTE Corporation (-21.42 billion), Pingtan Development (-17.98 billion), and Zhongji Xuchuang (-14.79 billion) [8]. Group 4: ETF Trading - The top ten ETFs by trading amount included A500 ETF Fund (6.2678 billion), Hong Kong Securities ETF (5.3725 billion), and A500 ETF Huatai Baichuan (4.6938 billion) [9]. - The ETFs with the highest growth in trading amount compared to the previous trading day were Nasdaq ETF (9.2893 billion, +288.81%) and Growth Enterprise Board ETF (2.5507 billion, +127.05%) [10]. Group 5: Futures Positioning - In the four major futures contracts (IH, IF, IC, IM), both long and short positions increased, with the IM contract seeing a significant increase in long positions [11]. Group 6: Institutional Activity - Institutional activity was notable, with Sifangda seeing a 15.37% increase and receiving 56.74 million from institutions, while Pingtan Development faced a sell-off of 105 million [12][13]. - The trading activity of retail investors was also high, with significant purchases in Tongyu Communication and Aerospace Development [15].

Group 1: Market Overview - The total trading volume of the Shanghai and Shenzhen Stock Connect today reached 187.31 billion, with Industrial Fulian and Xinyi Sheng leading in trading volume for Shanghai and Shenzhen stocks respectively [1][2] - The Shanghai Stock Connect had a total trading amount of 83.66 billion, while the Shenzhen Stock Connect totaled 103.65 billion [2] Group 2: Top Stocks - In the Shanghai Stock Connect, the top traded stocks included Industrial Fulian (19.44 billion), Kweichow Moutai (10.55 billion), and Luoyang Aluminum (10.48 billion) [3] - In the Shenzhen Stock Connect, the leading stocks were Xinyi Sheng (35.33 billion), Zhongbiao Xiangchuang (34.01 billion), and Shenghong Technology (21.77 billion) [3] Group 3: Sector Performance - The optical and optoelectronic sector saw the highest net inflow of funds, while the computer sector experienced the largest net outflow [4][5] - Sectors such as cultivated diamonds, coal, and wind power equipment showed significant gains, whereas AI applications and lithium mining sectors faced declines [4] Group 4: ETF Trading - The top ETF by trading volume was the A500 ETF Fund (62.68 billion), with the Hong Kong Securities ETF following at 53.73 billion [6] - The Nasdaq ETF (513300) saw a remarkable trading volume increase of 288% compared to the previous trading day [8] Group 5: Futures Market - In the futures market, all four major index futures contracts (IH, IF, IC, IM) saw both long and short positions increase, with the IM contract showing a greater increase in long positions [9] Group 6: Institutional and Retail Activity - Institutional activity was notable, with Aerospace Development receiving significant purchases from institutions, including 82.03 million from one institution and 238 million from a prominent retail investor [10][14] - Retail investors were also active, with notable transactions in stocks like Tongyu Communication and Aerospace Development [14]

Group 1 - The A-share market experienced a decline in November, with the ChiNext index dropping over 4% due to multiple factors including the Federal Reserve's interest rate expectations and year-end settlement by institutional investors [2] - December is viewed as a critical month for the A-share market, serving as a window for funds to position themselves for the upcoming year [2] - Longjiang Securities suggests focusing on three main lines: technology growth sectors like AI hardware and applications, market hot spots such as robotics and innovative drugs, and chemical industries benefiting from policy optimization [2] Group 2 - According to招商证券, the market is likely to choose an upward direction in December, with a high probability of a year-end rally driven by increased capital inflow [3] - Dongwu Securities notes that the short-term interest rate cut expectations have risen to over 80%, creating a warmer overall market atmosphere [3] - As of December 3, 2025, 37 brokerages have disclosed their December stock recommendations, covering 230 A-share companies, with many companies being recommended by multiple brokerages [3][4] Group 3 - The electronics sector remains the most favored, with 47 companies included in the December stock recommendations, significantly higher than other sectors [6] - The food and beverage and media sectors have seen a notable increase in attention, with the number of recommended stocks rising by 8 and 5, respectively [6] - In contrast, the number of recommended stocks in the power equipment, non-ferrous metals, and automotive sectors has decreased by more than 5 [6] Group 4 - 中际旭创 is the most recommended stock, with 10 brokerages supporting it, highlighting its strong position as a leader in optical modules [9] - The stock has seen a remarkable increase of nearly 320% from January to November 2025, with significant holdings from public funds and northbound capital [9][11] - 美的集团 is also highlighted, with substantial holdings from public funds and northbound capital, and a year-to-date increase of over 12% [12] Group 5 - 23 stocks are jointly held by public funds and northbound capital, each exceeding 2 billion yuan in market value, indicating strong institutional interest [12][13] - Among these, 5 stocks have doubled in value this year, and 16 have increased by over 30% [12] - The stocks are primarily from the electronics and non-ferrous metals sectors, reflecting current market trends and investor sentiment [12]

| 卖四 | 东方财富证券股份有限公司上海分公司 | 14.76 | 7779.82 | | --- | --- | --- | --- | | 卖五 | 深股通专用 | 26266.53 | 7524.77 | 通宇通讯今日下跌2.54%，全天换手率59.65%，成交额59.45亿元，振幅12.42%。龙虎榜数据显示，机构 净买入3457.95万元，深股通净买入1.87亿元，营业部席位合计净卖出5.76亿元。 深交所公开信息显示，当日该股因日换手率达59.65%上榜，机构专用席位净买入3457.95万元，深股通 净买入1.87亿元。 融资融券数据显示，该股最新（12月2日）两融余额为3.69亿元，其中，融资余额为3.68亿元，融券余额 为72.81万元。近5日融资余额合计减少9062.01万元，降幅为19.77%，融券余额合计增加23.02万元，增 幅46.24%。（数据宝） 通宇通讯12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 | 深股通专用 | 26266.53 | 7524.77 ...

Summary of Key Points Core Viewpoint - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 187.31 billion, with Industrial Fulian and Xinyi Sheng leading in individual stock trading volume. The optical and optoelectronic sector saw the highest net inflow of funds, while the Nasdaq ETF experienced a significant increase in trading volume. Group 1: Trading Volume and Key Stocks - The total trading amount for the Shanghai Stock Connect was 83.66 billion, while the Shenzhen Stock Connect was 103.65 billion [1] - Industrial Fulian topped the Shanghai Stock Connect with a trading volume of 1.944 billion, followed by Kweichow Moutai at 1.055 billion and Luoyang Molybdenum at 1.048 billion [2] - Xinyi Sheng led the Shenzhen Stock Connect with a trading volume of 3.533 billion, followed by Zhongji Xuchuang at 3.401 billion and Shenghong Technology at 2.177 billion [3] Group 2: Sector Performance - The optical and optoelectronic sector had the highest net inflow of funds at 1.432 billion, with a net inflow rate of 3.43% [4] - The computer sector experienced the largest net outflow of funds at -11.212 billion, with a net outflow rate of -9.34% [5] Group 3: ETF Trading - The Nasdaq ETF (513300) saw a trading volume of 0.92893 billion, with a week-on-week growth of 288.81% [8] - The A500 ETF Fund (512050) had the highest trading volume at 6.2678 billion, with a week-on-week growth of 15.80% [8] Group 4: Futures Positions - In the main futures contracts, both long and short positions increased, with the IM contract seeing a significant increase in long positions by 9,616 contracts [6] Group 5: Institutional and Retail Activity - Aerospace Development received institutional buying of 82.03 million, while it also faced selling of 43.07 million from another institution [9] - The stock Tongyu Communication saw buying from two institutions totaling 88.33 million, while facing selling of 53.76 million from another institution [10]

证券日报网讯12月3日，新易盛（300502）在互动平台回答投资者提问时表示，公司自创立以来高度重 视新技术、新产品研发、大力投入创新。未来，将继续聚焦核心技术研发，夯实行业竞争力。 ...