Core Viewpoint - Evergrande High-Tech's stock price decreased by 1.72% on October 30, with a trading volume of 56.1 million yuan and a market capitalization of 1.888 billion yuan [1] Company Overview - Evergrande High-Tech, established on September 1, 1994, and listed on June 21, 2011, is located in Nanchang, Jiangxi Province. The company operates in two main sectors: energy conservation and environmental protection, and internet marketing. The energy conservation sector includes anti-wear and anti-corrosion, waste incineration furnace protection, and acoustic noise reduction. The internet marketing sector encompasses internet software distribution, targeted internet advertising, and professional SMS communication services [7] Financial Performance - As of September 30, 2025, Evergrande High-Tech reported a revenue of 226 million yuan, a year-on-year decrease of 23.53%. The net profit attributable to the parent company was -2.3028 million yuan, representing a year-on-year decrease of 116.20% [8] Business Segmentation - The company's revenue composition includes: mobile information services (51.41%), anti-wear and anti-corrosion (28.25%), waste heat power generation (11.37%), other services (8.25%), acoustic noise reduction engineering (0.57%), and photovoltaic power generation (0.15%) [7] Recent Developments - The company has developed a series of protective products and technologies in the anti-wear and anti-corrosion field, applicable in industries such as power, metallurgy, chemicals, cement, military, and waste incineration [2][3] - Evergrande High-Tech has invested in a 15MW waste heat power station in Fujian and successfully connected a 3.2MW distributed photovoltaic power generation project to the grid in December 2021 [3] - The company has signed a cooperation framework agreement for a smart city big data application project in Sanya [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 13.86% to 20,900, with an average of 10,690 circulating shares per person, an increase of 16.09% [8]

Core Viewpoint - Su Bote's stock price has experienced fluctuations, with a year-to-date increase of 39.81% but a recent decline in the last five trading days by 4.01% [1] Company Overview - Jiangsu Subote New Materials Co., Ltd. was established on December 15, 2004, and went public on November 10, 2017. The company specializes in the research, production, and sales of concrete additives [2] - The main revenue composition includes high-performance water reducers (51.83%), functional materials (20.74%), technical services (20.21%), and others [2] - As of September 30, the number of shareholders increased by 30.11% to 25,100, with an average of 16,761 circulating shares per person, a decrease of 23.14% [2] Financial Performance - For the period from January to September 2025, Su Bote achieved a revenue of 2.577 billion yuan, representing a year-on-year growth of 4.10%. The net profit attributable to shareholders was 94.12 million yuan, up 19.73% year-on-year [2] - The company has distributed a total of 740 million yuan in dividends since its A-share listing, with 234 million yuan distributed in the last three years [3] Shareholding Structure - As of September 30, 2025, the top ten circulating shareholders include a new entrant, the China Merchants Quantitative Selected Stock Fund (001917), holding 2.7122 million shares. The Nuoan Pioneer Mixed Fund (320003) has exited the top ten list [3]

Core Insights - Aladdin's revenue for the first three quarters of 2025 reached 444 million yuan, representing a year-on-year increase of 17.59% [1] - The company's net profit attributable to shareholders was 57.76 million yuan, a year-on-year decrease of 20.41% [1] - The basic earnings per share stood at 0.17 yuan [1] Financial Performance - The gross profit margin for the first three quarters of 2025 was 63.02%, a slight decrease of 0.06 percentage points year-on-year [2] - The net profit margin was 17.38%, down 4.96 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin improved to 66.27%, an increase of 4.44 percentage points year-on-year and 6.02 percentage points quarter-on-quarter [2] - The net profit margin for Q3 2025 was 22.81%, up 0.36 percentage points year-on-year and increased by 16.56 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 183 million yuan, an increase of 52.47 million yuan year-on-year [2] - The expense ratio was 41.32%, up 6.63 percentage points from the same period last year [2] - Sales expenses increased by 38.45%, management expenses rose by 38.37%, R&D expenses grew by 10.84%, and financial expenses surged by 761.11% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 11,600, a decrease of 894 from the end of the previous half-year, representing a decline of 7.17% [2] - The average market value per shareholder increased from 339,200 yuan at the end of the previous half-year to 374,400 yuan, a growth of 10.35% [2] Company Overview - Shanghai Aladdin Biochemical Technology Co., Ltd. was established on March 16, 2009, and went public on October 26, 2020 [3] - The company's main business involves the research, development, production, and sales of reagents, with research reagents accounting for 96.96% of revenue [3] - Aladdin operates in the basic chemical industry, specifically in the chemical products sector, and is associated with concepts such as synthetic biology, e-commerce, scientific instruments, and specialized innovation [3]

Group 1 - China Satellite reported a net profit of 14.81 million yuan for the first three quarters, marking a turnaround from losses, with a revenue of 3.102 billion yuan, up 85.28% year-on-year [1] - SAIYANG Technology signed a contract worth 533 million yuan for Airbus A320 series aircraft transport tooling, effective until 2038 [1] - Zhongwei Semiconductor achieved a net profit of 152 million yuan, a 36.78% increase year-on-year, with a revenue of 773 million yuan, up 19.03% [2] Group 2 - Jiao Cheng Ultrasonic reported a net profit of 94.03 million yuan, a significant increase of 359.81% year-on-year, with a revenue of 521 million yuan, up 27.53% [3] - Keda Li's net profit grew by 16.55% year-on-year to 1.185 billion yuan, with a revenue of 10.603 billion yuan, up 23.41% [3] - Ningbo Huaxiang's net profit fell by 87.68% to 88.73 million yuan, despite a revenue increase of 5.88% to 19.224 billion yuan [4] Group 3 - Mingzhi Electric reported a net profit of 49.84 million yuan, a 5.43% increase year-on-year, with a revenue of 2.043 billion yuan, up 11.66% [6] - Xianda Co. achieved a net profit of 196 million yuan, a staggering increase of 3064.56% year-on-year, with a revenue of 2.008 billion yuan, up 6.11% [7] - Longxin General's net profit rose by 75.45% to 1.577 billion yuan, with a revenue of 14.557 billion yuan, up 19.14% [8] Group 4 - Hainan Highway reported a net loss of 10.63 million yuan, despite a revenue increase of 133.41% to 314 million yuan [9] - Zhongci Electronics achieved a net profit of 443 million yuan, a 20.07% increase year-on-year, with a revenue of 2.143 billion yuan, up 13.62% [11] - Hangyang Co. reported a net profit of 757 million yuan, a 12.14% increase year-on-year, with a revenue of 11.428 billion yuan, up 10.39% [12] Group 5 - Yuanli Technology's net profit decreased by 2.89% to 152 million yuan, with a revenue of 1.654 billion yuan, down 3.69% [13] - Guihang Co. reported a net profit of 118 million yuan, a slight increase of 0.77%, with a revenue of 1.870 billion yuan, up 8.65% [14] - Haixing Co. achieved a net profit of 147 million yuan, a 41.41% increase year-on-year, with a revenue of 1.711 billion yuan, up 21.45% [16] Group 6 - Weiteng Electric reported a net profit decline of 87.47% to 13.66 million yuan, with a revenue of 2.597 billion yuan, down 5.40% [18] - Tiancai Control achieved a net profit of 50.33 million yuan, a 91.73% increase year-on-year, with a revenue of 1.855 billion yuan, up 27.3% [20] - Hangzhi Qianjin reported a net profit of 207 million yuan, a 9.59% increase year-on-year, with a revenue of 1.730 billion yuan, up 5.39% [21] Group 7 - Suli Co. reported a net profit of 139 million yuan, a remarkable increase of 1522.38%, with a revenue of 2.064 billion yuan, up 25.39% [23] - Sanqi Interactive achieved a net profit of 2.345 billion yuan, a 23.57% increase year-on-year, with a revenue of 12.461 billion yuan, down 6.59% [24] - Yongjie New Materials reported a net profit of 309 million yuan, a 30.99% increase year-on-year, with a revenue of 7.020 billion yuan, up 20.01% [26] Group 8 - Kang Enbei achieved a net profit of 584 million yuan, a 12.65% increase year-on-year, with a revenue of 4.976 billion yuan, up 1.27% [28] - Zhongyuan Highway reported a net profit of 961 million yuan, a 16.78% increase year-on-year, with a revenue of 4.888 billion yuan, up 3.89% [30] - Hunan Gold achieved a net profit of 1.029 billion yuan, a 54.28% increase year-on-year, with a revenue of 41.194 billion yuan, up 96.26% [32] Group 9 - Huadong Pharmaceutical reported a net profit of 2.748 billion yuan, a 7.24% increase year-on-year, with a revenue of 32.664 billion yuan, up 3.77% [33] - Dongyangguang achieved a net profit of 906 million yuan, a significant increase of 189.80%, with a revenue of 10.970 billion yuan, up 23.56% [35] - Xinrui Technology reported a net loss of 62.62 million yuan, despite a revenue increase of 28.02% to 1.672 billion yuan [37] Group 10 - Jiabiyou achieved a net profit of 129 million yuan, a 54.18% increase year-on-year, with a revenue of 428 million yuan, up 10.56% [38] - Ruifeng New Materials reported a net profit of 574 million yuan, a 14.85% increase year-on-year, with a revenue of 2.551 billion yuan, up 10.87% [39] - Zhongfu Industrial achieved a net profit of 1.187 billion yuan, a 63.25% increase year-on-year, with a revenue of 16.633 billion yuan, down 0.60% [40] Group 11 - Aohai Technology reported a net profit of 359 million yuan, a 19.32% increase year-on-year, with a revenue of 5.188 billion yuan, up 14.14% [41] - Kangzhong Medical announced a share transfer plan involving 5.33% of its shares due to shareholder funding needs [43] - Hualing Steel plans to invest 512 million yuan in a new continuous casting project [44]

Core Viewpoint - The stock of Jiu Ri New Materials has experienced fluctuations, with a year-to-date increase of 67.24%, but a recent decline in the last 20 days by 4.59% [1][2] Group 1: Stock Performance - As of October 28, Jiu Ri New Materials' stock price is 25.17 CNY per share, with a market capitalization of 4.058 billion CNY [1] - The stock has seen a trading volume of 1.02 billion CNY, with a turnover rate of 2.47% [1] - Year-to-date, the stock has risen by 67.24%, with a recent 5-day increase of 3.07% and a 60-day increase of 6.65% [1] Group 2: Financial Performance - For the period from January to September 2025, Jiu Ri New Materials reported a revenue of 1.097 billion CNY, a year-on-year decrease of 2.39% [2] - The net profit attributable to the parent company for the same period was 2.7198 million CNY, reflecting a year-on-year increase of 111.27% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Jiu Ri New Materials is 12,400, an increase of 14.01% from the previous period [2] - The average number of circulating shares per shareholder is 12,952, which is a decrease of 12.29% from the previous period [2] - The company has distributed a total of 203 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Group 4: Business Overview - Jiu Ri New Materials, established in 1998 and listed in 2019, specializes in the research, production, and sales of photoinitiators, which account for 79.50% of its revenue [2] - The company operates in the basic chemical industry, specifically in chemical products, and is involved in various concept sectors including small-cap, PCB, specialized and innovative, flexible electronics, and 3D printing [2]

Core Viewpoint - The stock of Shandong Boyuan Pharmaceutical Chemical Co., Ltd. has experienced significant fluctuations, with a year-to-date increase of 151.82% but a recent decline of 3.42% over the last five trading days [1] Group 1: Company Overview - Shandong Boyuan Pharmaceutical Chemical Co., Ltd. was established on August 6, 2008, and is located in Shouguang City, Shandong Province [2] - The company specializes in the research, production, and sales of fine chemicals, including organic iodides, inorganic iodides, precious metal catalysts, luminescent materials, and hexamethyldisilazane [2] - The main revenue composition includes iodides (74.56%), specialty functional chemicals (12.79%), trading business (9.94%), and others (2.72%) [2] Group 2: Financial Performance - For the period from January to September 2025, Boyuan achieved operating revenue of 1.073 billion yuan, representing a year-on-year growth of 6.60% [2] - The net profit attributable to the parent company was 132 million yuan, showing a year-on-year decrease of 22.53% [2] - Cumulative cash dividends since the A-share listing amount to 88.408 million yuan [3] Group 3: Shareholder and Market Activity - As of October 20, 2025, the number of shareholders increased by 25.58% to 13,300, with an average of 2,502 circulating shares per person, a decrease of 20.37% [2] - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on October 17, where it recorded a net buy of -20.2738 million yuan [1] - Major shareholders include various new institutional investors, with significant holdings from funds such as Zhonghang New Start Flexible Allocation Mixed A and Hong Kong Central Clearing Limited [3]

Core Viewpoint - The stock of Haineng Technology has shown a positive trend with a year-to-date increase of 14.37%, reflecting strong performance in the clean energy and chemical sectors [1][2]. Financial Performance - For the period from January to September 2025, Haineng Technology achieved a revenue of 1.942 billion yuan, representing a year-on-year growth of 5.60% [2]. - The net profit attributable to the parent company was 57.9511 million yuan, marking a significant year-on-year increase of 109.15% [2]. Stock Market Activity - As of October 28, the stock price was 4.06 yuan per share, with a trading volume of 37.4696 million yuan and a turnover rate of 0.40% [1]. - The stock has seen a net outflow of 1.914 million yuan from major funds, with large purchases accounting for 15.74% and sales for 20.85% of the total trading volume [1]. Shareholder Information - As of October 20, the number of shareholders increased to 45,800, up by 4.90%, while the average circulating shares per person decreased by 4.67% to 50,928 shares [2]. - The company has distributed a total of 863 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Company Overview - Haineng Technology, established on June 3, 1997, and listed on April 27, 2010, is based in Haidian District, Beijing, and specializes in the research, production, and sales of environmentally friendly new materials and chemical products [1]. - The main business revenue composition includes 50.98% from environmental materials and chemical products, and 48.51% from hydrocarbon-based biodiesel [1].

Core Insights - The stock price of Haineng Technology fell by 2.20% on October 27, trading at 4.01 CNY per share with a market capitalization of 9.422 billion CNY [1] - The company has seen a year-to-date stock price increase of 12.96% and a 109.15% year-on-year growth in net profit for the first nine months of 2025 [2][3] Financial Performance - For the period from January to September 2025, Haineng Technology reported a revenue of 1.942 billion CNY, reflecting a 5.60% increase year-on-year [2] - The net profit attributable to the parent company was 57.9511 million CNY, showing a significant increase of 109.15% compared to the previous year [2] Shareholder Information - As of October 20, 2025, the number of shareholders increased by 4.90% to 45,800, while the average circulating shares per person decreased by 4.67% to 50,928 shares [2] - The company has distributed a total of 863 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Business Overview - Haineng Technology, established on June 3, 1997, specializes in the research, production, and sales of environmentally friendly materials and chemical products, among other services [2] - The main revenue sources are environmentally friendly materials and chemical products (50.98%) and hydrocarbon-based biodiesel (48.51%) [2]

Core Viewpoint - The stock price of Subote has experienced fluctuations, with a year-to-date increase of 42.39% but a recent decline in the last few trading days, indicating potential volatility in the market [2]. Company Overview - Subote, established on December 15, 2004, and listed on November 10, 2017, is located in Nanjing, Jiangsu Province. The company specializes in the research, production, and sales of concrete additives [2]. - The main revenue composition includes high-performance water reducers (51.83%), functional materials (20.74%), technical services (20.21%), and others [2]. Financial Performance - For the first half of 2025, Subote achieved operating revenue of 1.673 billion yuan, representing a year-on-year growth of 7.03%. The net profit attributable to shareholders was 63.245 million yuan, up 18.68% year-on-year [3]. - Since its A-share listing, Subote has distributed a total of 740 million yuan in dividends, with 234 million yuan distributed in the last three years [4]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 1.55% to 19,300, with an average of 21,807 circulating shares per person, a decrease of 1.53% [3]. - Notably, Noan Pioneer Mixed A (320003) is the sixth-largest circulating shareholder, holding 5.6563 million shares as a new shareholder [4]. Market Activity - On October 23, Subote's stock price fell by 2.06% to 10.48 yuan per share, with a trading volume of 14.8323 million yuan and a turnover rate of 0.33%. The total market capitalization stands at 4.468 billion yuan [1]. - In terms of capital flow, there was a net inflow of 848,800 yuan from main funds, with large orders accounting for 21.48% of total purchases [1].

Core Viewpoint - Hangyang Co., Ltd. has experienced a stock price decline of 2.01% on October 22, with a current price of 24.38 CNY per share and a market capitalization of 23.852 billion CNY. The company has seen a year-to-date stock price increase of 13.40% but a recent decline of 8.86% over the last five trading days [1][2]. Company Overview - Hangyang Co., Ltd. is located in Qingshanhu Street, Lin'an District, Hangzhou, Zhejiang Province, and was established on December 18, 2002. The company was listed on June 10, 2010, and its main business involves the production and sales of air separation equipment, industrial gas products, and petrochemical equipment [2]. - The revenue composition of Hangyang Co., Ltd. is as follows: gas sales 62.68%, air separation equipment 31.64%, petrochemical products 4.33%, other (supplementary) 0.70%, and engineering contracting 0.66% [2]. Financial Performance - For the period from January to June 2025, Hangyang Co., Ltd. achieved an operating income of 7.327 billion CNY, representing a year-on-year growth of 8.92%. The net profit attributable to the parent company was 479 million CNY, with a year-on-year increase of 9.61% [2]. - Since its A-share listing, Hangyang Co., Ltd. has distributed a total of 3.821 billion CNY in dividends, with 2.165 billion CNY distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Hangyang Co., Ltd. was 31,500, an increase of 6.36% from the previous period. The average circulating shares per person were 31,069 shares, a decrease of 5.98% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 28.2115 million shares, a decrease of 12.4229 million shares from the previous period. The fund "Bosera Growth Leading Mixed A" remains unchanged with 9.1475 million shares [3].