12月2日，利和兴盘中下跌2.01%，截至13:23，报29.80元/股，成交3.18亿元，换手率5.58%，总市值 69.66亿元。 利和兴今年以来股价涨154.70%，近5个交易日跌12.89%，近20日涨8.84%，近60日涨54.32%。 今年以来利和兴已经13次登上龙虎榜，最近一次登上龙虎榜为10月14日，当日龙虎榜净买入-1211.62万 元；买入总计4.63亿元 ，占总成交额比11.79%；卖出总计4.75亿元 ，占总成交额比12.10%。 资料显示，深圳市利和兴股份有限公司位于广东省深圳市龙华区民塘路385号汇德大厦1号写字楼21层， 成立日期2006年1月9日，上市日期2021年6月29日，公司主营业务涉及自动化、智能化设备的研发、生 产和销售。主营业务收入构成为：智能制造设备43.58%，电子元器件31.43%，专用配件23.82%，其他 (补充)1.16%。 资金流向方面，主力资金净流出2891.67万元，特大单买入440.80万元，占比1.39%，卖出1095.20万元， 占比3.44%；大单买入6649.24万元，占比20.89%，卖出8886.51万元，占比27.92%。 利和兴所 ...

Core Viewpoint - The company Lihexing experienced a decline in stock price and trading volume, with significant changes in financing and shareholder structure, indicating potential challenges in financial performance and market perception [1][2]. Financing Summary - On November 21, Lihexing's stock fell by 1.09%, with a trading volume of 1.597 billion yuan. The financing buy-in amount for the day was 121 million yuan, while the financing repayment was 94.995 million yuan, resulting in a net financing buy of 26.155 million yuan [1]. - As of November 21, the total financing and securities lending balance for Lihexing was 400 million yuan, which represents 5.41% of its market capitalization. This financing balance is above the 50th percentile level over the past year, indicating a relatively high level [1]. - In terms of securities lending, there were no shares repaid or sold on November 21, with a securities lending balance of 0, which is at the 90th percentile level over the past year, suggesting a high position [1]. Financial Performance Summary - For the period from January to September 2025, Lihexing reported operating revenue of 327 million yuan, a year-on-year decrease of 8.85%. The net profit attributable to the parent company was -65.883 million yuan, reflecting a significant year-on-year decline of 529.94% [2]. - Since its A-share listing, Lihexing has distributed a total of 27.27 million yuan in dividends, with 11.6872 million yuan distributed over the past three years [2]. Shareholder Structure Summary - As of September 30, the number of shareholders for Lihexing reached 46,000, an increase of 168.43% compared to the previous period. However, the average circulating shares per person decreased by 62.75% to 4,112 shares [2]. - Notably, the fund Penghua Carbon Neutral Theme Mixed A (016530) has exited the list of the top ten circulating shareholders as of September 30, 2025 [2].

Core Points - The stock price of Lihexing increased by 2.03% on November 11, reaching 28.19 CNY per share, with a trading volume of 145 million CNY and a market capitalization of 6.589 billion CNY [1] - Year-to-date, Lihexing's stock price has risen by 140.94%, with a recent 5-day increase of 2.96%, a 20-day decrease of 29.35%, and a 60-day increase of 56.70% [2] - As of September 30, the number of shareholders increased by 168.43% to 46,000, while the average circulating shares per person decreased by 62.75% to 4,112 shares [3] Financial Performance - For the period from January to September 2025, Lihexing reported revenue of 327 million CNY, a year-on-year decrease of 8.85%, and a net profit attributable to shareholders of -65.883 million CNY, a decrease of 529.94% [3] - Since its A-share listing, Lihexing has distributed a total of 27.27 million CNY in dividends, with 11.6872 million CNY distributed over the past three years [4] Shareholder and Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Lihexing saw the exit of Penghua Carbon Neutral Theme Mixed A (016530) from the list [4]

Core Viewpoint - The stock of Lihexing has shown significant volatility, with a year-to-date increase of 137.01%, but recent declines in the short term indicate potential market fluctuations [2]. Group 1: Stock Performance - As of November 6, Lihexing's stock price increased by 2.10% to 27.73 CNY per share, with a trading volume of 220 million CNY and a turnover rate of 4.26%, resulting in a total market capitalization of 6.482 billion CNY [1]. - Year-to-date, Lihexing's stock has risen by 137.01%, but it has experienced a decline of 2.36% over the last five trading days and 1.94% over the last twenty days [2]. - The stock has been on the龙虎榜 (top trading list) 13 times this year, with the most recent appearance on October 14, where it recorded a net buy of -12.1162 million CNY [2]. Group 2: Financial Performance - For the period from January to September 2025, Lihexing reported a revenue of 327 million CNY, reflecting a year-on-year decrease of 8.85%, while the net profit attributable to shareholders was -65.883 million CNY, a decline of 529.94% [3]. - The company has distributed a total of 27.27 million CNY in dividends since its A-share listing, with 11.6872 million CNY distributed over the past three years [4]. Group 3: Shareholder and Ownership Structure - As of September 30, 2025, the number of shareholders for Lihexing reached 46,000, an increase of 168.43% from the previous period, while the average number of circulating shares per shareholder decreased by 62.75% to 4,112 shares [3]. - Notably, as of September 30, 2025, the top ten circulating shareholders saw the exit of the Penghua Carbon Neutral Theme Mixed A fund from the list [4]. Group 4: Business Overview - Lihexing, established on January 9, 2006, and listed on June 29, 2021, is based in Longhua District, Shenzhen, and specializes in the research, production, and sales of automation and intelligent equipment [2]. - The company's revenue composition includes 43.58% from intelligent manufacturing equipment, 31.43% from electronic components, 23.82% from specialized accessories, and 1.16% from other sources [2].

Company Overview - Lihexing was established on January 9, 2006, and listed on the Shenzhen Stock Exchange on June 29, 2021, with its registered and office address in Shenzhen, Guangdong Province. The company is a leading domestic supplier of intelligent manufacturing equipment, focusing on the research and development of automation and intelligent equipment, holding multiple core technologies [1]. Business Performance - As of Q3 2025, Lihexing reported a revenue of 327 million yuan, ranking 67th out of 89 in the industry, significantly lower than the top competitor, Keda Manufacturing, which reported 12.605 billion yuan, and second-place Haomai Technology at 8.076 billion yuan. The industry average revenue is 1.21 billion yuan, with a median of 596 million yuan [1]. - The main business segments include intelligent manufacturing equipment at 78.063 million yuan (43.58%), electronic components at 56.305 million yuan (31.43%), specialized accessories at 42.673 million yuan (23.82%), and others at 2.0846 million yuan (1.16%) [1]. - The net profit for the same period was -67.1681 million yuan, ranking 82nd out of 89, with a significant gap compared to Keda Manufacturing's 1.832 billion yuan and Haomai Technology's 1.789 billion yuan. The industry average net profit is 111 million yuan, with a median of 34.3712 million yuan [1]. Financial Ratios - As of Q3 2025, Lihexing's debt-to-asset ratio was 50.50%, an increase from 44.04% in the previous year and above the industry average of 42.80% [2]. - The gross profit margin for Q3 2025 was -2.83%, a significant decline from 20.31% in the previous year and below the industry average of 28.52% [2]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 168.43% to 46,000, while the average number of circulating A-shares held per account decreased by 62.75% to 4,112.97 [2]. - Notably, Penghua Carbon Neutral Theme Mixed A (016530) has exited the list of the top ten circulating shareholders [2]. Management Compensation - The chairman and general manager, Lin Yipan, received a salary of 854,800 yuan in 2024, a slight increase of 900 yuan from 2023 [2].

Core Viewpoint - The stock of Lihexing has experienced significant fluctuations, with a year-to-date increase of 157.09% but a recent decline of 20.63% over the past five trading days [1] Company Overview - Lihexing is located in Longhua District, Shenzhen, Guangdong Province, and was established on January 9, 2006, with its listing date on June 29, 2021 [1] - The company specializes in the research, production, and sales of automation and intelligent equipment [1] - The revenue composition includes: 43.58% from intelligent manufacturing equipment, 31.43% from electronic components, 23.82% from specialized accessories, and 1.16% from other sources [1] Financial Performance - As of June 30, 2025, Lihexing reported a revenue of 1.87 billion yuan, a year-on-year decrease of 30.78%, and a net profit attributable to shareholders of -37.94 million yuan, a decline of 382.13% [2] - The company has distributed a total of 27.27 million yuan in dividends since its A-share listing, with 11.69 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 9.77% to 17,100, with an average of 11,040 circulating shares per shareholder, an increase of 10.82% [2] - Among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A (016530) is the fourth largest, holding 2.67 million shares, down by 2.32 million shares from the previous period [3] Market Activity - On October 20, the stock price fell by 2.02% to 30.08 yuan per share, with a trading volume of 614 million yuan and a turnover rate of 10.56%, resulting in a total market capitalization of 7.03 billion yuan [1] - The net outflow of main funds was 25.15 million yuan, with large orders accounting for 20.80% of purchases and 25.33% of sales [1] - Lihexing has appeared on the daily trading list 13 times this year, with the most recent occurrence on October 14, where it recorded a net buy of -12.12 million yuan [1]

Core Insights - On October 9, Lihengxing's stock fell by 2.82%, with a trading volume of 1.567 billion yuan [1] - The company experienced a net financing purchase of 34.24 million yuan on the same day, with a total financing balance of 450 million yuan, accounting for 6.81% of its market capitalization [1] Financing and Margin Trading - On October 9, Lihengxing had a financing purchase of 174 million yuan and a repayment of 140 million yuan, resulting in a net financing purchase of 34.24 million yuan [1] - The total margin trading balance reached 450 million yuan, which is above the 80th percentile level over the past year, indicating a high level of financing activity [1] - No shares were sold or repaid in the margin trading segment on October 9, with a margin balance of 0 yuan, also indicating a high percentile level over the past year [1] Company Performance - As of June 30, the number of shareholders for Lihengxing was 17,100, a decrease of 9.77% from the previous period [2] - The average number of circulating shares per shareholder increased by 10.82% to 11,040 shares [2] - For the first half of 2025, Lihengxing reported a revenue of 187 million yuan, a year-on-year decrease of 30.78%, and a net profit attributable to shareholders of -37.94 million yuan, a significant decline of 382.13% [2] Dividend and Shareholding - Since its A-share listing, Lihengxing has distributed a total of 27.27 million yuan in dividends, with 11.69 million yuan distributed over the past three years [2] - As of June 30, 2025, the fourth largest circulating shareholder was Penghua Carbon Neutral Theme Mixed A, holding 2.6662 million shares, a decrease of 2.3173 million shares from the previous period [2]

Core Viewpoint - Lihexing's stock price increased by 5.36% to 28.13 CNY per share, with a trading volume of 861 million CNY and a turnover rate of 16.83%, resulting in a total market capitalization of 6.575 billion CNY [1] Company Overview - Shenzhen Lihexing Co., Ltd. is located at 385 Mintang Road, Longhua District, Shenzhen, Guangdong Province, established on January 9, 2006, and listed on June 29, 2021 [1] - The company's main business involves the research, production, and sales of automation and intelligent equipment [1] - Revenue composition: Intelligent manufacturing equipment accounts for 43.58%, electronic components 31.43%, specialized accessories 23.82%, and others 1.16% [1] Shareholder Information - Among the top ten circulating shareholders of Lihexing, Penghua Fund has a fund that reduced its holdings by 2.3173 million shares, now holding 2.6662 million shares, representing 1.41% of the circulating shares [2] - The Penghua Carbon Neutrality Theme Mixed A Fund (016530) was established on May 5, 2023, with a latest scale of 2.08 billion CNY and has achieved a year-to-date return of 111.72%, ranking 42 out of 8171 in its category [2] - Over the past year, the fund has returned 224.38%, ranking 10 out of 8004 in its category, and since inception, it has returned 110.07% [2] Fund Management - The fund manager of Penghua Carbon Neutrality Theme Mixed A is Yan Siqian, who has a cumulative tenure of 7 years and 347 days [3] - The total asset scale of the fund is 16.136 billion CNY, with the best fund return during the tenure being 306.25% and the worst being 15.1% [3]

Core Viewpoint - Lihexing experienced a decline of 5.15% on September 23, with a stock price of 28.93 CNY per share and a trading volume of 737 million CNY, resulting in a total market capitalization of 6.762 billion CNY [1] Company Overview - Shenzhen Lihexing Co., Ltd. is located at 385 Mintang Road, Longhua District, Shenzhen, Guangdong Province, established on January 9, 2006, and listed on June 29, 2021 [1] - The company's main business involves the research, development, production, and sales of automation and intelligent equipment [1] - Revenue composition: Intelligent manufacturing equipment accounts for 43.58%, electronic components 31.43%, specialized accessories 23.82%, and others 1.16% [1] Shareholder Information - Among the top ten circulating shareholders of Lihexing, Penghua Fund's carbon neutrality theme mixed fund A (016530) reduced its holdings by 2.3173 million shares in the second quarter, now holding 2.6662 million shares, representing 1.41% of circulating shares [2] - The estimated floating loss for Penghua Fund today is approximately 4.186 million CNY [2] Fund Performance - Penghua Carbon Neutrality Theme Mixed Fund A (016530) was established on May 5, 2023, with a latest scale of 2.08 billion CNY [2] - Year-to-date return is 111.32%, ranking 45 out of 8172 in its category; the one-year return is 234.56%, ranking 15 out of 7995; since inception, the return is 109.67% [2]