Core Viewpoint - Winning Technology has shown significant stock price appreciation and strong trading activity, indicating investor interest and potential growth in the lithium battery equipment sector [1][2]. Company Performance - As of September 23, Winning Technology's stock price increased by 2.01% to 34.52 CNY per share, with a total market capitalization of 22.407 billion CNY [1]. - The company has experienced an 81.45% increase in stock price year-to-date, with a 4.57% rise in the last five trading days and a 50.02% increase over the past 20 days [1]. - For the first half of 2025, Winning Technology reported a revenue of 4.264 billion CNY, a year-on-year decrease of 3.68%, and a net profit of 271 million CNY, down 19.84% year-on-year [2]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 40.78% to 53,100, while the average number of circulating shares per person decreased by 28.86% to 12,010 shares [2]. - The company has distributed a total of 553 million CNY in dividends since its A-share listing, with 330 million CNY distributed in the last three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 3.693 million shares (a decrease of 1.0402 million shares), and Southern CSI 1000 ETF, which holds 3.607 million shares (an increase of 0.6917 million shares) [3].

Company Overview - Liyuanheng has seen a stock price increase of 223.20% year-to-date, with a recent decline of 0.59% over the last five trading days and a 22.79% increase over the last 20 days [2] - The company specializes in the research, production, and sales of intelligent manufacturing equipment, primarily serving industries such as lithium batteries, automotive parts, precision electronics, security, and rail transportation [2] - The revenue composition of Liyuanheng includes 80.56% from lithium battery manufacturing equipment, 12.23% from value-added parts and services, 3.62% from intelligent warehousing equipment, 2.72% from automotive parts manufacturing equipment, and 0.87% from other manufacturing equipment [2] Financial Performance - For the first half of 2025, Liyuanheng reported a revenue of 1.529 billion yuan, a year-on-year decrease of 17.48%, while the net profit attributable to shareholders was 33.41 million yuan, reflecting a year-on-year increase of 119.33% [2] - The company has distributed a total of 87.2418 million yuan in dividends since its A-share listing, with 35.3218 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Liyuanheng had 22,400 shareholders, an increase of 60.40% from the previous period, with an average of 7,541 circulating shares per shareholder, a decrease of 37.66% [2] - Among the top ten circulating shareholders, a new shareholder, China Aviation New Start Flexible Allocation Mixed A (005537), holds 935,900 shares, ranking as the sixth largest circulating shareholder [3] Market Activity - On September 23, Liyuanheng's stock price rose by 2.12%, reaching 72.30 yuan per share, with a trading volume of 94.1075 million yuan and a turnover rate of 0.78%, resulting in a total market capitalization of 12.199 billion yuan [1] - The net outflow of main funds was 7.2782 million yuan, with large orders accounting for 12.42% of purchases and 20.82% of sales [1]

Core Viewpoint - Winning Technology has shown significant stock performance this year, with a year-to-date increase of 77.92%, despite a recent decline in the last five trading days [1] Company Overview - Winning Technology, established on June 26, 2006, and listed on May 14, 2015, is located in Shenzhen, Guangdong Province. The company specializes in the research, design, manufacturing, sales, and service of lithium battery production equipment [1] - The main business revenue composition includes 65.66% from lithium battery production equipment and 34.34% from other supplementary services [1] Financial Performance - For the first half of 2025, Winning Technology reported operating revenue of 4.264 billion yuan, a year-on-year decrease of 3.68%, and a net profit attributable to shareholders of 271 million yuan, down 19.84% year-on-year [2] - The company has distributed a total of 553 million yuan in dividends since its A-share listing, with 330 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 40.78% to 53,100, while the average circulating shares per person decreased by 28.86% to 12,010 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable changes in their holdings [3]

Company Overview - Jin Yinhe is located in Foshan, Guangdong Province, and was established on January 29, 2002, with its listing date on March 1, 2017 [1] - The company specializes in high-end equipment manufacturing, including new energy equipment and chemical new material equipment [1] - The main business revenue composition includes: lithium battery production equipment (50.40%), organic silicon products (20.32%), organic silicon production equipment (18.68%), lithium mica comprehensive utilization products (9.27%), and others (1.33%) [1] Stock Performance - As of September 22, Jin Yinhe's stock price increased by 2.01% to 35.04 CNY per share, with a trading volume of 128 million CNY and a turnover rate of 2.55%, resulting in a total market capitalization of 6.097 billion CNY [1] - Year-to-date, the stock price has risen by 89.41%, with a recent decline of 3.23% over the last five trading days, a 27.46% increase over the last 20 days, and a 24.43% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent occurrence on September 9 [1] Financial Performance - As of June 30, the number of shareholders increased to 26,100, a rise of 92.89%, while the average circulating shares per person decreased by 30.66% to 5,631 shares [2] - For the first half of 2025, Jin Yinhe reported a revenue of 660 million CNY, a year-on-year decrease of 17.70%, and a net profit attributable to shareholders of -42.165 million CNY, a year-on-year decrease of 224.23% [2] Dividend Information - Since its A-share listing, Jin Yinhe has distributed a total of 63.9439 million CNY in dividends, with 35.2304 million CNY distributed over the past three years [3]

Company Overview - Liyuanheng Intelligent Equipment Co., Ltd. is located in Huizhou, Guangdong Province, established on November 19, 2014, and listed on July 1, 2021. The company specializes in the research, production, and sales of intelligent manufacturing equipment, providing high-end equipment and factory automation solutions for industries such as lithium batteries, automotive parts, precision electronics, security, and rail transportation [1]. Financial Performance - As of June 30, 2025, Liyuanheng achieved operating revenue of 1.529 billion yuan, a year-on-year decrease of 17.48%. However, the net profit attributable to shareholders increased by 119.33% to 33.41 million yuan [2]. - The company has distributed a total of 87.2418 million yuan in dividends since its A-share listing, with 35.3218 million yuan distributed over the past three years [3]. Stock Performance - On September 19, Liyuanheng's stock price decreased by 2.01%, closing at 70.82 yuan per share, with a trading volume of 569 million yuan and a turnover rate of 4.70%. The total market capitalization is 11.949 billion yuan [1]. - Year-to-date, Liyuanheng's stock price has increased by 216.58%, with a recent decline of 3.25% over the last five trading days, a 16.12% increase over the last 20 days, and a 70.04% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Liyuanheng is 22,400, an increase of 60.40% compared to the previous period. The average number of circulating shares per person is 7,541, a decrease of 37.66% [2]. - Among the top ten circulating shareholders, Zhonghang New Start Flexible Allocation Mixed A (005537) is the sixth largest shareholder, holding 935,900 shares as a new shareholder [3]. Industry Context - Liyuanheng operates within the electric equipment sector, specifically in battery and lithium battery specialized equipment. The company is associated with concepts such as solid-state batteries, hydrogen energy, CATL concepts, lithium batteries, and energy storage [2].

Company Overview - 德新科技 is located in Urumqi, Xinjiang, and was established on May 28, 2003, with its listing date on January 5, 2017 [1] - The company primarily engages in road passenger transport and bus station services, with a revenue composition of 89.90% from precision manufacturing and 10.10% from passenger services [1] Stock Performance - As of September 19, 德新科技's stock price increased by 2.25% to 22.69 CNY per share, with a total market capitalization of 5.298 billion CNY [1] - Year-to-date, the stock has risen by 69.40%, with a recent decline of 1.77% over the last five trading days, but an increase of 23.25% over the last 20 days and 28.02% over the last 60 days [1] - The company has appeared on the龙虎榜 three times this year, with the most recent appearance on September 3, where it recorded a net buy of -32.1434 million CNY [1] Financial Performance - For the first half of 2025, 德新科技 reported a revenue of 251 million CNY, representing a year-on-year growth of 90.50%, and a net profit attributable to shareholders of 22.3517 million CNY, up 187.09% year-on-year [2] - Cumulatively, the company has distributed 44.145 million CNY in dividends since its A-share listing, with 13.0768 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 德新科技 had 30,200 shareholders, an increase of 5.03% from the previous period, with an average of 7,683 circulating shares per shareholder, a decrease of 4.15% [2] Industry Context - 德新科技 operates within the electric equipment sector, specifically in battery and lithium battery specialized equipment, and is associated with concepts such as solid-state batteries, lithium batteries, and Xinjiang revitalization [2]

Company Overview - Shenzhen Mannesmann Technology Co., Ltd. is located in Longtian Street, Pingshan District, Shenzhen, Guangdong Province, and was established on December 1, 2014. The company went public on May 12, 2023. Its main business involves the research, design, production, and sales of high-precision slot coating nozzles, coating equipment, and coating accessories [1][2]. Financial Performance - For the first half of 2025, Mannesmann achieved operating revenue of 560 million yuan, representing a year-on-year growth of 59.93%. However, the net profit attributable to shareholders was -23.51 million yuan, a decrease of 132.66% compared to the previous period [2]. - As of June 30, 2025, the company had a total of 24,600 shareholders, an increase of 13.39% from the previous period. The average circulating shares per person decreased by 11.81% to 2,350 shares [2]. Stock Market Performance - On September 16, Mannesmann's stock price fell by 2.05%, trading at 66.33 yuan per share, with a total transaction volume of 231 million yuan and a turnover rate of 5.94%. The company's total market capitalization is 9.544 billion yuan [1]. - Year-to-date, Mannesmann's stock price has increased by 22.40%, with a decline of 3.41% over the last five trading days, a rise of 3.64% over the last 20 days, and a rise of 3.45% over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders included Southern CSI 1000 ETF, which held 641,500 shares, an increase of 107,100 shares from the previous period. Hong Kong Central Clearing Limited was the seventh-largest shareholder, holding 395,400 shares, a decrease of 1,227,400 shares. Huaxia CSI 1000 ETF entered as a new shareholder with 389,300 shares, while GF CSI 1000 ETF also entered as a new shareholder with 315,600 shares [3]. Business Segmentation - Mannesmann's main business revenue composition is as follows: energy systems account for 77.92%, coating applications for 20.94%, and other segments for 1.14% [1]. - The company is classified under the Shenwan industry category of electric power equipment, specifically in battery and lithium battery specialized equipment. It is associated with concepts such as solid-state batteries, hydrogen energy, CATL concepts, lithium batteries, and energy storage [1]. Dividend Distribution - Since its A-share listing, Mannesmann has distributed a total of 89.81 million yuan in dividends [3].

Company Overview - Shanghai Xianhui Automation Technology Co., Ltd. was established on March 28, 2007, and went public on August 11, 2020. The company specializes in the research, production, and sales of various intelligent manufacturing equipment [2] - The main business revenue composition includes: 63.35% from precision structural components for new energy power batteries, 34.90% from intelligent automation equipment for new energy vehicles, 1.02% from other sources, 0.58% from industrial manufacturing data systems, and 0.15% from intelligent automation equipment for fuel vehicles [2] - The company belongs to the Shenwan industry category of electric power equipment - battery - lithium battery special equipment, and is associated with concepts such as solid-state batteries, CATL concept, lithium batteries, energy storage, and new energy vehicles [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.273 billion yuan, representing a year-on-year growth of 8.59%, and a net profit attributable to the parent company of 152 million yuan, with a year-on-year increase of 17.44% [2] - Since its A-share listing, the company has distributed a total of 132 million yuan in dividends, with 102 million yuan distributed in the last three years [3] Stock Performance - As of September 16, the company's stock price decreased by 2.01% to 73.29 yuan per share, with a total market capitalization of 9.196 billion yuan [1] - Year-to-date, the stock price has increased by 94.71%, with a decline of 7.17% over the last five trading days, a rise of 24.49% over the last 20 days, and a 35.72% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on July 22, where it recorded a net purchase of 172 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders was 9,684, a decrease of 0.72% from the previous period, while the average circulating shares per person increased by 0.72% to 12,913 shares [2][3] - Notably, the fund "Bosera Military Industry Theme Stock A" (004698) has exited the top ten circulating shareholders list [3]

Company Overview - Shanghai Xianhui Automation Technology Co., Ltd. was established on March 28, 2007, and went public on August 11, 2020. The company specializes in the research, production, and sales of various intelligent manufacturing equipment [2] - The main business revenue composition includes: 63.35% from precision structural components for new energy power batteries, 34.90% from intelligent automation equipment for new energy vehicles, 1.02% from other sources, 0.58% from industrial manufacturing data systems, and 0.15% from intelligent automation equipment for fuel vehicles [2] - The company is classified under the Shenwan industry as electric power equipment - battery - lithium battery special equipment, and is associated with concepts such as solid-state batteries, CATL concept, lithium batteries, energy storage, and new energy vehicles [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.273 billion yuan, representing a year-on-year growth of 8.59%, and a net profit attributable to the parent company of 152 million yuan, with a year-on-year increase of 17.44% [2] - Since its A-share listing, the company has distributed a total of 132 million yuan in dividends, with 102 million yuan distributed over the past three years [3] Stock Performance - As of September 15, the company's stock price decreased by 2.07% to 75.33 yuan per share, with a total market capitalization of 9.452 billion yuan [1] - Year-to-date, the stock price has increased by 100.13%, with a 0.71% increase over the last five trading days, a 30.22% increase over the last 20 days, and a 52.86% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on July 22, where it recorded a net purchase of 172 million yuan [1]

Company Overview - Zhengye Technology, established on November 14, 1997, and listed on December 31, 2014, is located in Dongguan, Guangdong Province. The company specializes in the R&D, production, and sales of precision processing and testing automation equipment for PCBs, as well as automation assembly and testing equipment for LCD modules [1][2]. Financial Performance - For the first half of 2025, Zhengye Technology achieved operating revenue of 377 million yuan, representing a year-on-year growth of 7.71%. The net profit attributable to the parent company was 16.25 million yuan, showing a significant year-on-year increase of 121.61% [2]. - Since its A-share listing, Zhengye Technology has distributed a total of 126 million yuan in dividends, with no dividends paid in the last three years [3]. Stock Performance - As of September 15, Zhengye Technology's stock price increased by 2.05% to 10.47 yuan per share, with a trading volume of 1.22 billion yuan and a turnover rate of 3.23%. The total market capitalization reached 3.844 billion yuan [1]. - Year-to-date, the stock price has risen by 94.61%, with a recent decline of 4.38% over the last five trading days. Over the past 20 days, the stock has increased by 18.04%, and over the last 60 days, it has risen by 42.26% [1]. Shareholder Information - As of September 10, the number of shareholders of Zhengye Technology was 47,500, an increase of 52.56% from the previous period. The average number of tradable shares per person decreased by 34.45% to 7,725 shares [2]. Industry Classification - Zhengye Technology is classified under the electrical equipment industry, specifically in battery and lithium battery specialized equipment. The company is associated with concepts such as solid-state batteries, CATL concepts, lithium batteries, energy storage, and photovoltaic glass [2].