Core Viewpoint - Kangli Elevator's stock has shown a mixed performance in recent trading, with a year-to-date increase of 9.59% but a decline over the past five, twenty, and sixty days [1][2]. Financial Performance - For the period from January to September 2025, Kangli Elevator achieved a revenue of 3.069 billion yuan, representing a year-on-year growth of 6.68%. The net profit attributable to shareholders was 321 million yuan, reflecting a year-on-year increase of 13.95% [2]. - Cumulatively, since its A-share listing, Kangli Elevator has distributed a total of 3.424 billion yuan in dividends, with 715 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Kangli Elevator was 32,000, a decrease of 3.18% from the previous period. The average number of circulating shares per shareholder increased by 3.15% to 24,857 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 19.899 million shares, which is a decrease of 6.8514 million shares compared to the previous period [3]. Market Activity - On November 25, Kangli Elevator's stock price rose by 2.13%, reaching 7.20 yuan per share, with a trading volume of 50.5382 million yuan and a turnover rate of 0.89%. The total market capitalization stood at 5.744 billion yuan [1]. - The net inflow of main funds was 363,200 yuan, with large orders accounting for 15.18% of purchases and 10.11% of sales [1].

来源：新浪证券-红岸工作室 11月24日，森赫股份涨1.77%，成交额2240.63万元，换手率1.11%，总市值30.68亿元。 异动分析 新型城镇化+中俄贸易概念+一带一路+物联网+人脸识别 1、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 今日主力净流入-74.29万，占比0.03%，行业排名85/197，连续3日被主力资金减仓；所属行业主力净流 入-5.04亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-74.29万-238.64万-482.07万-562.33万-3727.74万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额488.14万，占总成交额的3.55%。 技术面：筹码平均交易成本为11.77元 2、公司海外客户主要集中于孟加拉国、俄罗斯（远东地区）、科威特、乌兹别克斯坦、墨西哥等国 家，其中孟加拉国、俄罗斯和科威特为公司最主要的国外销售地区。 3、公司持股49%的Turkmenistan Sicher在土库曼斯坦从事电梯制造及销售；公司积极 ...

11月19日，康力电梯盘中下跌2.04%，截至13:47，报7.20元/股，成交4364.88万元，换手率0.76%，总市 值57.44亿元。 资金流向方面，主力资金净流出127.99万元，特大单买入133.10万元，占比3.05%，卖出449.64万元，占 比10.30%；大单买入585.17万元，占比13.41%，卖出396.63万元，占比9.09%。 康力电梯今年以来股价涨9.59%，近5个交易日跌3.61%，近20日涨5.57%，近60日跌4.38%。 责任编辑：小浪快报 资料显示，康力电梯股份有限公司位于江苏省汾湖高新技术产业开发区康力大道888号，成立日期1997 年10月3日，上市日期2010年3月12日，公司主营业务涉及电梯、自动扶梯、自动人行道及成套配件产品 研发、生产、销售及整机产品的安装和维保。主营业务收入构成为：电梯63.99%，安装及维保 15.95%，扶梯14.68%，零部件4.10%，其他1.28%。 分红方面，康力电梯A股上市后累计派现34.24亿元。近三年，累计派现7.15亿元。 机构持仓方面，截止2025年9月30日，康力电梯十大流通股东中，香港中央结算有限公司位居第三大流 ...

来源：新浪证券-红岸工作室 11月18日，森赫股份跌0.66%，成交额3201.43万元，换手率1.51%，总市值32.12亿元。 异动分析 新型城镇化+中俄贸易概念+一带一路+物联网+人脸识别 1、2023年3月15日互动易回复：公司GRPS乘客电梯、GRE自动扶梯、GRM自动人行道系列产品结合 SICE物联网云服务平台，为新型城镇化建设提供产品及服务。 2、公司海外客户主要集中于孟加拉国、俄罗斯（远东地区）、科威特、乌兹别克斯坦、墨西哥等国 家，其中孟加拉国、俄罗斯和科威特为公司最主要的国外销售地区。 3、公司持股49%的Turkmenistan Sicher在土库曼斯坦从事电梯制造及销售；公司积极响应国家"一带一 路"倡议，产品销往孟加拉国、科威特、墨西哥等国家和地区。 4、2021年9月15日互动易回复：公司通过电梯物联网平台，对电梯的运行信号、状态、故障数据进行监 测和采集，运用大数据、云计算技术，实现电梯远程监控、维保管理、使用管理、安全预警、应急处置 等功能。 5、据招股说明书：公司在新旧产业融合过程中，研发生物特征识别（语音识别、人脸识别、指纹识 别）、基于物联网实现远程呼梯、二维码识别等新技 ...

Core Viewpoint - Senhe Elevator Co., Ltd. is experiencing fluctuations in stock performance and is involved in various growth initiatives related to new urbanization and international trade, particularly under the Belt and Road Initiative. Company Overview - Senhe Elevator Co., Ltd. was established on December 7, 2007, and went public on September 7, 2021. The company specializes in the research, manufacturing, and sales of elevators, escalators, and moving walkways, along with related installation, debugging, maintenance, and aftermarket services. The revenue composition includes 77.58% from equipment sales, 20.88% from installation services, and 1.53% from parts and others [6]. Financial Performance - For the period from January to September 2025, the company reported revenue of 407 million yuan, a year-on-year decrease of 24.78%, and a net profit attributable to shareholders of 55.43 million yuan, down 30.36% year-on-year [6]. Market Activity - On November 5, the stock price of Senhe increased by 1.16%, with a trading volume of 40.04 million yuan and a turnover rate of 1.89%, leading to a total market capitalization of 3.249 billion yuan [1]. Investment Themes - The company is actively engaged in new urbanization initiatives and international trade, with significant overseas clients in countries such as Bangladesh, Russia, Kuwait, Uzbekistan, and Mexico. The company is also involved in the Belt and Road Initiative, exporting products to these regions [2]. Technology and Innovation - Senhe is integrating IoT technology into its elevator products, enabling remote monitoring, maintenance management, and safety alerts through a cloud service platform. The company is also developing biometric recognition technologies, including voice, facial, and fingerprint recognition [2]. Shareholder Information - As of October 31, the number of shareholders in Senhe was 10,300, an increase of 12.74% from the previous period, with an average of 17,135 shares held per shareholder, a decrease of 11.30% [6].

Company Overview - Meilun Elevator was established on May 23, 2000, and listed on the Shanghai Stock Exchange on September 15, 2017. The company is based in Shaoxing, Zhejiang Province, and is a well-known domestic elevator manufacturer focusing on R&D and manufacturing of elevator products, possessing a full industry chain advantage [1] Business Performance - As of Q3 2025, Meilun Elevator reported revenue of 497 million yuan, ranking 10th among 15 companies in the industry, significantly lower than the industry leader Shanghai Mechanical's 14.709 billion yuan and second-ranked Guangri's 4.817 billion yuan. The industry average revenue was 2.323 billion yuan, with a median of 848 million yuan [2] - The net profit for the same period was 27.6163 million yuan, also ranking 10th in the industry, with a notable gap compared to Shanghai Mechanical's 1.016 billion yuan and Guangri's 416 million yuan. The industry average net profit was 161 million yuan, with a median of 41.8204 million yuan [2] Financial Ratios - As of Q3 2025, Meilun Elevator's debt-to-asset ratio was 29.31%, down from 38.18% in the previous year and below the industry average of 39.63%, indicating good debt repayment capability [3] - The gross profit margin for Q3 2025 was 22.76%, lower than the previous year's 29.21% and below the industry average of 24.29% [3] Executive Compensation - The chairman, Qian Xuelin, received a salary of 1.002 million yuan in 2024, an increase of 128,800 yuan from 2023. The general manager, Tian Jianhua, also saw an increase in salary from 901,800 yuan in 2023 to 1.002 million yuan in 2024, an increase of 100,200 yuan [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.62% to 14,200, while the average number of circulating A-shares held per shareholder increased by 10.64% to 21,300. Among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A (320016) ranked as the fifth largest, holding 1.9365 million shares, an increase of 881,700 shares from the previous period [5]

Core Viewpoint - Meilun Elevator's stock price has shown fluctuations, with a year-to-date increase of 18.35% and a recent decline of 0.62% over the past five trading days [2] Company Overview - Meilun Elevator, established on May 23, 2000, and listed on September 15, 2017, is located in Shaoxing, Zhejiang Province. The company specializes in the research, production, sales, installation, and maintenance of elevators, escalators, moving walkways, and related components [2] - The revenue composition of Meilun Elevator includes: elevators, escalators, and walkways (82.27%), installation and maintenance (15.67%), and other (2.06%) [2] - As of September 30, 2025, the number of shareholders is 14,200, a decrease of 9.62% from the previous period, with an average of 21,302 circulating shares per shareholder, an increase of 10.64% [2] Financial Performance - For the period from January to September 2025, Meilun Elevator reported a revenue of 497 million yuan, a year-on-year decrease of 13.46%. The net profit attributable to the parent company was 28.12 million yuan, down 75.72% year-on-year [2] - Since its A-share listing, Meilun Elevator has distributed a total of 259 million yuan in dividends, with 137 million yuan distributed over the past three years [3] Stock Market Activity - On October 31, Meilun Elevator's stock rose by 2.03%, reaching 8.05 yuan per share, with a trading volume of 24.17 million yuan and a turnover rate of 1.00%. The total market capitalization is 2.81 billion yuan [1] - The net inflow of main funds was 222,200 yuan, with large orders buying 2.11 million yuan (8.72% of total) and selling 1.88 million yuan (7.80% of total) [1] Institutional Holdings - As of September 30, 2025, the fifth largest circulating shareholder of Meilun Elevator is the Nuoan Multi-Strategy Mixed A Fund (320016), holding 1.94 million shares, an increase of 881,700 shares from the previous period [3]

Core Insights - The company, Huning Co., Ltd., is a leading domestic enterprise in elevator components, focusing on the development, design, and sales of these components, with strong technical research and development capabilities [1] Financial Performance - In Q3 2025, Huning Co., Ltd. achieved a revenue of 237 million yuan, ranking 13th out of 15 in the industry, significantly lower than the industry leader, Shanghai Mechanical, which reported 14.709 billion yuan, and the second place, Guangri Co., which reported 4.817 billion yuan [2] - The company's net profit for the same period was 14.686 million yuan, ranking 11th in the industry, again far behind Shanghai Mechanical's 1.016 billion yuan and Guangri's 416 million yuan [2] Profitability and Debt Ratios - As of Q3 2025, Huning Co., Ltd. had a debt-to-asset ratio of 12.46%, lower than the previous year's 12.70% and significantly below the industry average of 39.63%, indicating good debt repayment capability [3] - The gross profit margin for the same period was 22.05%, down from 25.34% year-on-year and below the industry average of 24.29% [3] Executive Compensation - The chairman, Zou Jiachun, received a salary of 405,700 yuan in 2024, an increase of 5,500 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.44% to 4,354, while the average number of circulating A-shares held per account increased by 8.04% to 41,900 [5]

Core Viewpoint - General Elevator, established in 2003 and listed in 2021, focuses on innovative technology in the elevator industry, providing comprehensive solutions for various building elevator needs [1] Group 1: Business Performance - In Q3 2025, General Elevator reported revenue of 306 million, ranking 12th in the industry, significantly lower than the top competitor Shanghai Mechanical's 14.709 billion and the second competitor Guangri's 4.817 billion [2] - The main business revenue from elevator sales was 147 million, accounting for 93.89% of total revenue, while maintenance services contributed 7.6525 million (4.89%) and other services 1.9142 million (1.22%) [2] - The net profit for the same period was -9.1424 million, placing the company 13th in the industry, with a stark contrast to Shanghai Mechanical's 1.016 billion and Guangri's 416 million [2] Group 2: Financial Ratios - As of Q3 2025, General Elevator's debt-to-asset ratio was 33.16%, lower than the previous year's 37.51% and below the industry average of 39.63% [3] - The gross profit margin for Q3 2025 was 32.62%, an increase from 28.60% year-on-year, and higher than the industry average of 24.29% [3] Group 3: Executive Compensation - The chairman, Xu Zhiming, received a salary of 686,000 in 2024, a decrease of 15,700 from 2023 [4] - The general manager, Shen Liming, earned 1.2516 million in 2024, an increase of 796,900 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 21.44% to 9,425, while the average number of shares held per shareholder increased by 31.99% to 20,400 [5]

Core Viewpoint - Kuaiyi Elevator is a well-known domestic elevator manufacturer with strong R&D and production capabilities, leading in product quality and technology in the industry [1] Group 1: Business Overview - Kuaiyi Elevator was established on September 16, 1998, and listed on the Shenzhen Stock Exchange on March 24, 2017 [1] - The main business includes design, R&D, manufacturing, sales, installation, renovation, and maintenance services for elevators, escalators, and moving walkways [1] - The company belongs to the machinery equipment - specialized equipment - building equipment sector and is associated with concepts such as small-cap, artificial intelligence, and nuclear fusion [1] Group 2: Financial Performance - For Q3 2025, Kuaiyi Elevator reported revenue of 0.951 billion, ranking 7th in the industry out of 15 companies [2] - The company's net profit for the same period was 0.052 billion, also ranking 7th in the industry [2] - The main business revenue composition includes: - Elevators: 0.484 billion (77.54%) - Installation and maintenance: 0.124 billion (19.84%) - Escalators: 0.01372 billion (2.20%) - Other businesses: 0.002664 billion (0.43%) [2] Group 3: Financial Ratios - As of Q3 2025, Kuaiyi Elevator's debt-to-asset ratio was 42.13%, higher than the industry average of 39.63% [3] - The gross profit margin for the same period was 22.23%, lower than the industry average of 24.29% [3] Group 4: Executive Compensation - Chairman Luo Aiwen's salary for 2024 was 1.1438 million, a decrease of 0.0062 million from 2023 [4] - General Manager Luo Aiming's salary for 2024 was 1.3466 million, a decrease of 0.0124 million from 2023 [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.79% to 14,500 [5] - The average number of circulating A-shares held per shareholder increased by 7.28% to 19,400 [5]