融券方面，恒为科技1月16日融券偿还0.00股，融券卖出100.00股，按当日收盘价计算，卖出金额 3272.00元；融券余量1.29万股，融券余额42.21万元，低于近一年20%分位水平，处于低位。 资料显示，恒为科技(上海)股份有限公司位于上海市闵行区陈行路2388号8号楼6楼，成立日期2003年3 月31日，上市日期2017年6月7日，公司主营业务涉及智能系统解决方案的研发、销售与服务。主营业务 收入构成为：网络可视化53.67%，智能系统平台46.24%，其他(补充)0.08%，其他0.01%。 1月16日，恒为科技跌5.57%，成交额15.40亿元。两融数据显示，当日恒为科技获融资买入额1.53亿 元，融资偿还2.82亿元，融资净买入-1.29亿元。截至1月16日，恒为科技融资融券余额合计6.18亿元。 机构持仓方面，截止2025年9月30日，恒为科技十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持股383.79万股，为新进股东。南方中证1000ETF（512100）位居第九大流通股东，持股 202.26万股，相比上期减少4.39万股。华夏中证1000ETF（159845）退出十大流通股 ...

12月30日，恒为科技涨0.11%，成交额1.60亿元。两融数据显示，当日恒为科技获融资买入额1305.93万 元，融资偿还2113.01万元，融资净买入-807.08万元。截至12月30日，恒为科技融资融券余额合计6.26 亿元。 融资方面，恒为科技当日融资买入1305.93万元。当前融资余额6.26亿元，占流通市值的7.20%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，恒为科技12月30日融券偿还700.00股，融券卖出1100.00股，按当日收盘价计算，卖出金额 2.98万元；融券余量6100.00股，融券余额16.54万元，低于近一年10%分位水平，处于低位。 资料显示，恒为科技(上海)股份有限公司位于上海市闵行区陈行路2388号8号楼6楼，成立日期2003年3 月31日，上市日期2017年6月7日，公司主营业务涉及智能系统解决方案的研发、销售与服务。主营业务 收入构成为：网络可视化53.67%，智能系统平台46.24%，其他(补充)0.08%，其他0.01%。 截至11月30日，恒为科技股东户数6.44万，较上期减少1.26%；人均流通股4968股，较上期增加1.28%。 2025年 ...

Core Viewpoint - The company, XinTuXinKe, has achieved significant gains from its stock buyback program, with a maximum floating profit of nearly 2.6 times the repurchase price, yet it faces the stark reality of stagnant revenue and continuous losses over the past five years [1][3][4]. Group 1: Stock Buyback and Performance - On November 26, 2025, XinTuXinKe sold 500 shares from its buyback account at an average price of 28.73 yuan per share, following a buyback at an average price of 11.57 yuan per share [2][3]. - The company’s stock price peaked at 41.46 yuan in September 2025, resulting in a maximum floating profit of 258% based on the repurchase cost [3]. - Despite the impressive stock performance, the company has not achieved revenue exceeding 200 million yuan since its IPO in 2020 and has reported losses for five consecutive years [4][5]. Group 2: Financial Performance and Challenges - XinTuXinKe's revenue has stagnated, with figures of 1.93 billion yuan in 2020, followed by 1.57 billion yuan, 1.44 billion yuan, 1.49 billion yuan, and 1.53 billion yuan in subsequent years, all failing to surpass 200 million yuan [4]. - The company has reported net losses of 45.61 million yuan, 79.10 million yuan, 67.94 million yuan, and 80.66 million yuan from 2021 to 2024, with a net loss of 4.47 million yuan in the first three quarters of 2025 [4]. - The company has faced negative cash flow from operating activities for five consecutive years, with a net cash flow of -4.34 million yuan in the first three quarters of 2025 [4]. Group 3: Business Operations and Future Outlook - XinTuXinKe's main business focuses on providing integrated solutions and products centered around intelligent systems, particularly in the defense and civilian sectors [5]. - The company has invested significantly in new products and aims to enhance its product matrix, although the scaling process may take time [5]. - The company’s representatives believe that the most challenging period has passed and anticipate improvements in the civilian market segment in the future [5].