Core Viewpoint - Nandu Power experienced a decline in stock price and significant net outflow of funds, reflecting market challenges despite a year-to-date price increase of 19.33% [1][2]. Financial Performance - For the period from January to September 2025, Nandu Power reported a revenue of 5.911 billion, a year-on-year decrease of 24.80%, and a net profit attributable to shareholders of -220 million, a decrease of 189.22% [2]. - Cumulative cash dividends since the A-share listing amount to 684 million, with 56.102 million distributed over the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 6.02% to 115,000, while the average circulating shares per person increased by 6.42% to 7,415 shares [2]. - The second-largest circulating shareholder is Qianhai Kaiyuan Public Utilities Stock, holding 18.948 million shares, while Hong Kong Central Clearing Limited is the sixth-largest, holding 9.099 million shares, down by 1.2013 million shares from the previous period [3]. Market Activity - On November 19, Nandu Power's stock fell by 2.03%, trading at 19.26 per share with a total market capitalization of 17.303 billion [1]. - The stock saw a net outflow of 19.876 million in principal funds, with significant selling pressure compared to buying [1].

11月17日，安孚科技盘中下跌2.06%，截至10:09，报39.45元/股，成交5053.17万元，换手率0.60%，总 市值101.71亿元。 安孚科技所属申万行业为：电力设备-电池-蓄电池及其他电池。所属概念板块包括：电子商务、中盘、 跨境电商、固态电池、锂电池等。 截至9月30日，安孚科技股东户数1.53万，较上期增加41.54%；人均流通股13833股，较上期减少 29.35%。2025年1月-9月，安孚科技实现营业收入36.08亿元，同比增长0.39%；归母净利润1.74亿元，同 比增长16.32%。 分红方面，安孚科技A股上市后累计派现1.42亿元。近三年，累计派现1.16亿元。 机构持仓方面，截止2025年9月30日，安孚科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股512.19万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流出314.28万元，特大单买入280.96万元，占比5.56%，卖出304.01万元，占 比6.02%；大单买入521.96万元，占比10.33%，卖出813.18万元，占比16.09%。 安孚科技今年以来股价涨39.10%，近5个交 ...

Group 1 - The core viewpoint of the news is that Wanli Co., Ltd. has experienced significant stock price increases this year, with a year-to-date rise of 66.42% and a recent increase of 20.90% over the past 20 days [1] - As of November 14, Wanli's stock price reached 13.48 CNY per share, with a market capitalization of 2.066 billion CNY [1] - The company has seen a net outflow of main funds amounting to 1.2387 million CNY, with large orders buying 485,600 CNY and selling 1.7243 million CNY [1] Group 2 - For the period from January to September 2025, Wanli Co., Ltd. reported operating revenue of 359 million CNY, a year-on-year decrease of 5.74%, and a net profit attributable to shareholders of -33.1573 million CNY, a decline of 32.86% [2] - The number of shareholders increased to 11,600, reflecting a 6.19% rise, while the average circulating shares per person decreased by 5.83% to 13,215 shares [2] Group 3 - Since its A-share listing, Wanli Co., Ltd. has distributed a total of 15.5 million CNY in dividends, with no dividends paid in the last three years [3]

11月14日，安孚科技盘中下跌2.01%，截至10:09，报40.50元/股，成交7195.30万元，换手率0.84%，总 市值104.42亿元。 资金流向方面，主力资金净流出443.60万元，特大单买入431.61万元，占比6.00%，卖出268.66万元，占 比3.73%；大单买入1413.76万元，占比19.65%，卖出2020.31万元，占比28.08%。 截至9月30日，安孚科技股东户数1.53万，较上期增加41.54%；人均流通股13833股，较上期减少 29.35%。2025年1月-9月，安孚科技实现营业收入36.08亿元，同比增长0.39%；归母净利润1.74亿元，同 比增长16.32%。 分红方面，安孚科技A股上市后累计派现1.42亿元。近三年，累计派现1.16亿元。 机构持仓方面，截止2025年9月30日，安孚科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股512.19万股，为新进股东。 责任编辑：小浪快报 今年以来安孚科技已经1次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入-5609.53万 元；买入总计1.59亿元 ，占总成交额比19.94%；卖出总计 ...

Core Viewpoint - Wanli Co., Ltd. has shown a significant increase in stock price and trading activity, indicating positive market sentiment despite a decline in revenue and profit for the year [1][2]. Group 1: Stock Performance - As of November 13, Wanli's stock price increased by 2.08% to 13.25 CNY per share, with a total market capitalization of 2.031 billion CNY [1]. - The stock has risen 63.58% year-to-date, with a 2.71% increase over the last five trading days, 17.36% over the last 20 days, and 13.15% over the last 60 days [1]. - The company has seen a net inflow of 56.56 thousand CNY from main funds, with significant buying and selling activity from large orders [1]. Group 2: Financial Performance - For the period from January to September 2025, Wanli reported a revenue of 359 million CNY, a year-on-year decrease of 5.74%, and a net profit attributable to shareholders of -33.16 million CNY, down 32.86% year-on-year [2]. - The company has not distributed any dividends in the last three years, with a total payout of 15.5 million CNY since its A-share listing [3]. Group 3: Company Overview - Wanli Co., Ltd. is located in Jiangjin District, Chongqing, and was established on July 18, 1992, with its shares listed on March 24, 1994 [1]. - The company's main business involves the research, production, and sales of lead-acid batteries, which account for 99.03% of its revenue [1].

安孚科技所属申万行业为：电力设备-电池-蓄电池及其他电池。所属概念板块包括：电子商务、跨境电 商、并购重组、中盘、固态电池等。 截至9月30日，安孚科技股东户数1.53万，较上期增加41.54%；人均流通股13833股，较上期减少 29.35%。2025年1月-9月，安孚科技实现营业收入36.08亿元，同比增长0.39%；归母净利润1.74亿元，同 比增长16.32%。 11月13日，安孚科技盘中上涨2.07%，截至10:46，报42.88元/股，成交9612.33万元，换手率1.07%，总 市值110.56亿元。 资金流向方面，主力资金净流出1494.38万元，特大单买入0.00元，占比0.00%，卖出583.79万元，占比 6.07%；大单买入1807.36万元，占比18.80%，卖出2717.95万元，占比28.28%。 安孚科技今年以来股价涨51.20%，近5个交易日涨9.47%，近20日涨13.20%，近60日涨31.25%。 今年以来安孚科技已经1次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入-5609.53万 元；买入总计1.59亿元 ，占总成交额比19.94%；卖出总计2.15 ...

Group 1 - The core viewpoint of the news is that Wanli Co., Ltd. has experienced a decline in stock price and financial performance, despite a significant increase in stock price year-to-date [1][2] - As of November 12, Wanli's stock price was 12.90 CNY per share, with a market capitalization of 1.977 billion CNY and a trading volume of 20.55 million CNY [1] - Year-to-date, Wanli's stock price has increased by 59.26%, with a 2.22% increase over the last five trading days and a 13.16% increase over the last 20 days [1] Group 2 - For the period from January to September 2025, Wanli reported operating revenue of 359 million CNY, a year-on-year decrease of 5.74%, and a net profit attributable to shareholders of -33.16 million CNY, a year-on-year decrease of 32.86% [2] - The company has a total of 11,600 shareholders as of September 30, which is an increase of 6.19% from the previous period, while the average circulating shares per person decreased by 5.83% to 13,215 shares [2] Group 3 - Since its A-share listing, Wanli has distributed a total of 15.5 million CNY in dividends, with no dividends distributed in the last three years [3]

Core Viewpoint - The company, Xiongtao Co., Ltd., is a leading player in the global LFP lithium battery UPS market, with a diverse product range including lead-acid, lithium, hydrogen fuel cells, and sodium batteries. The company has significant advantages in the UPS power supply business [1]. Group 1: Business Performance - In Q3 2025, Xiongtao Co., Ltd. achieved a revenue of 2.38 billion yuan, ranking 6th in the industry, significantly lower than the top competitor, Tianneng Co., Ltd., which reported 33.40 billion yuan [2]. - The net profit for the same period was 104 million yuan, placing the company 5th in the industry, again below Tianneng Co., Ltd.'s 1.39 billion yuan [2]. Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 47.65%, slightly down from 48.37% year-on-year, but higher than the industry average of 38.83% [3]. - The gross profit margin for the same period was 17.88%, down from 19.15% year-on-year, yet still above the industry average of 17.75% [3]. Group 3: Executive Compensation - The chairman, Zhang Huanong, received a salary of 713,200 yuan in 2024, a decrease of 600,900 yuan from 2023 [4]. - The general manager, Tang Tao, earned 1,086,400 yuan in 2024, down 205,300 yuan from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.01% to 44,900, while the average number of circulating A-shares held per shareholder increased by 4.18% to 8,214.29 [5]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 16.20 million shares, an increase of 11.78 million shares from the previous period [5]. Group 5: Market Outlook - The company is recognized as a veteran in the power supply industry, with its UPS power supply business for data centers contributing 47% of revenue and 75% of profits in the first half of 2025 [5]. - Forecasts for total revenue from 2025 to 2027 are 4.84 billion, 5.65 billion, and 6.66 billion yuan, with year-on-year growth rates of 36.2%, 16.8%, and 17.9% respectively [5]. - Expected net profits for the same period are 290 million, 460 million, and 640 million yuan, with growth rates of 197.0%, 58.3%, and 40.2% respectively [5].

Core Viewpoint - Wanli Co., Ltd. is a domestic leader in the lead-acid battery sector, focusing on research, production, and sales, but faces significant challenges in revenue and profitability compared to industry leaders [1][2]. Group 1: Business Performance - In Q3 2025, Wanli's revenue was 359 million, ranking 10th among 10 companies in the industry, significantly lower than the top competitor, Tianneng, at 33.402 billion [2]. - The main business, lead-acid battery sales, generated 241 million, accounting for 99.03% of total revenue, while other business segments contributed only 2.36 million [2]. - The net profit for the same period was -33.1573 million, placing the company 9th in the industry, far behind Tianneng's 1.386 billion [2]. Group 2: Financial Ratios - As of Q3 2025, Wanli's debt-to-asset ratio was 8.84%, an increase from 7.11% year-on-year, which is significantly lower than the industry average of 38.83%, indicating strong debt repayment capability [3]. - The gross profit margin for Q3 2025 was 4.17%, down from 5.85% year-on-year, and below the industry average of 17.75%, suggesting a need for improvement in profitability [3]. Group 3: Management and Shareholder Information - The controlling shareholder is Jiatiansha Asset Management Co., Ltd., with Mo Tianquan as the actual controller and chairman, who has a rich industry background [4]. - As of September 30, 2025, the number of A-share shareholders increased by 6.19% to 11,600, while the average number of shares held per account decreased by 5.83% to 13,200 [5].

Core Viewpoint - Yema Battery is a leading company in the domestic high-performance environmentally friendly zinc-manganese battery sector, with strong R&D capabilities and a focus on the development, production, and sales of these batteries [1] Financial Performance - For Q3 2025, Yema Battery reported a revenue of 1.028 billion yuan, ranking 7th among 10 companies in the industry. The top company, Tianneng Co., had a revenue of 33.402 billion yuan, while the industry average was 6.243 billion yuan [2] - The revenue breakdown shows that alkaline batteries contributed 504 million yuan (86.16%), carbon batteries contributed 49.74 million yuan (8.51%), and other products contributed 30.42 million yuan (5.20%) [2] - The net profit for the same period was 54.656 million yuan, also ranking 7th in the industry. The leading company, Tianneng Co., reported a net profit of 1.386 billion yuan, with the industry average at 281 million yuan [2] Financial Ratios - As of Q3 2025, Yema Battery's debt-to-asset ratio was 21.79%, down from 25.36% year-on-year and significantly lower than the industry average of 38.83%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 14.26%, a decrease from 21.48% year-on-year and below the industry average of 17.75%, suggesting a need for improvement in profitability [3] Executive Compensation - The chairman, Chen Yijun, received a salary of 1.0762 million yuan in 2024, an increase of 11,200 yuan from 2023 [4] - The general manager, Yu Gufeng, had a salary of 1.6052 million yuan in 2024, up by 11,600 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.06% to 36,700, while the average number of circulating A-shares held per account increased by 4.23% to 7,129.9 [5]