Group 1 - The core point of the news is that Yilian Technology's stock price dropped by 5.05% to 104.76 CNY per share, with a trading volume of 293 million CNY and a turnover rate of 14.33%, resulting in a total market capitalization of 9.577 billion CNY [1] - Yilian Technology, established on December 7, 2011, is located in Shenzhen, Guangdong Province, and specializes in the research, design, production, sales, and service of electrical connection components [1] - The main revenue composition of Yilian Technology includes: 58.83% from cell connection components, 28.44% from low-voltage signal transmission components, 11.48% from power transmission components, 0.81% from other FPC components, and 0.44% from other supplementary components [1] Group 2 - Among the top circulating shareholders of Yilian Technology, Huaxia Fund's Huaxia CSI 1000 ETF (159845) reduced its holdings by 1,000 shares in the third quarter, now holding 99,300 shares, which accounts for 0.52% of the circulating shares [2] - The estimated floating loss for Huaxia CSI 1000 ETF today is approximately 553,200 CNY [2] - The Huaxia CSI 1000 ETF was established on March 18, 2021, with a latest scale of 45.469 billion CNY, and has achieved a year-to-date return of 28.83% [2]

Core Insights - On November 12, Yilian Technology's stock rose by 9.67%, with a trading volume of 591 million yuan [1] - As of November 12, the total margin balance for Yilian Technology was 148 million yuan, with a net margin buy of -10.06 million yuan for the day [1][2] Financial Performance - For the period from January to September 2025, Yilian Technology reported a revenue of 3.506 billion yuan, representing a year-on-year growth of 28.93% [2] - The net profit attributable to shareholders for the same period was 221 million yuan, showing a year-on-year increase of 20.42% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Yilian Technology was 14,400, an increase of 9.63% from the previous period [2] - The average number of circulating shares per shareholder decreased by 8.78% to 1,333 shares [2] Margin Trading Details - On November 12, Yilian Technology had a margin buy of 44.4975 million yuan and a margin repayment of 54.5581 million yuan [1] - The current margin balance is 147 million yuan, accounting for 7.48% of the circulating market value [1] Business Composition - Yilian Technology's main business revenue composition includes: - Battery connection components: 58.83% - Low-voltage signal transmission components: 28.44% - Power transmission components: 11.48% - Other FPC components: 0.81% - Others: 0.44% [1]

Core Insights - 壹连科技's stock price decreased by 1.81% on November 3, with a trading volume of 143 million yuan, indicating a negative market sentiment towards the company [1] - The company reported a net financing outflow of 744.65 million yuan on the same day, suggesting a reduction in investor confidence [1] - As of September 30, 2025, 壹连科技 achieved a revenue of 3.506 billion yuan, reflecting a year-on-year growth of 28.93%, and a net profit of 221 million yuan, up 20.42% year-on-year [2] Financing and Trading Data - On November 3, 壹连科技 had a financing buy-in of 14.0652 million yuan and a financing repayment of 21.5116 million yuan, resulting in a total financing balance of 1.59 billion yuan [1] - The current financing balance represents 8.65% of the company's market capitalization [1] - The company had a margin trading balance of 2,500 shares and a margin balance of 237,700 yuan as of November 3 [1] Shareholder and Institutional Holdings - As of September 30, 2025, 壹连科技 had 14,400 shareholders, an increase of 9.63% from the previous period, with an average of 1,333 circulating shares per shareholder, down 8.78% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 230,000 shares, an increase of 40,200 shares from the previous period [2] - Other notable institutional shareholders include Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, with slight reductions in their holdings [2]

Core Viewpoint - Yilian Technology, a leading domestic battery connection system company, is set to be listed on the Shenzhen Stock Exchange on November 22, 2024, focusing on the research and development of electrical connection components across various fields [1] Business Overview - Yilian Technology was established on December 7, 2011, and specializes in the R&D, design, production, sales, and service of electrical connection components, with a significant presence in the automotive electronics and electrical systems sector [1] - The company ranks 13th in revenue among 36 companies in the industry, with a revenue of 3.506 billion yuan for Q3 2025, while the industry leader, Yujing Electronics, reported 45.844 billion yuan [2] - The main revenue sources include cell connection components (1.216 billion yuan, 58.83%), low-voltage signal transmission components (588 million yuan, 28.44%), and power transmission components (237 million yuan, 11.48%) [2] Financial Performance - For Q3 2025, Yilian Technology reported a net profit of 219 million yuan, ranking 11th in the industry, with the industry average net profit being 217 million yuan [2] - The company's asset-liability ratio stands at 52.63%, higher than the industry average of 44.11%, while its gross profit margin is 16.10%, below the industry average of 19.46% [3] Management and Shareholder Structure - The chairman, Tian Wangxing, has a salary of 510,000 yuan for 2024, while the general manager, Tian Ben, has a salary of 1.3643 million yuan, reflecting a 33.75% increase from the previous year [4] - As of September 30, 2025, the number of A-share shareholders increased by 9.63% to 14,400, with an average holding of 1,333.51 shares [5] Growth Prospects - In the first half of 2025, Yilian Technology achieved a revenue of 2.067 billion yuan, a year-on-year increase of 22.1%, and a net profit of 137 million yuan, up 18.5% [6] - The company has a diversified product portfolio covering multiple application areas, including electric vehicle components, with significant clients such as CATL [6] - Future projections indicate a compound annual growth rate of 28% for net profit over the next three years, with a target price of 116.55 yuan based on a 35x PE ratio for 2025 [6]

Core Insights - 壹连科技's stock increased by 4.97% on October 24, with a trading volume of 251 million yuan [1] - The company reported a net financing outflow of 10.69 million yuan on the same day, with a total financing and securities balance of 169 million yuan [1][2] - As of September 30, 2025, 壹连科技 achieved a revenue of 3.506 billion yuan, representing a year-on-year growth of 28.93% [2] Financing and Trading Activity - On October 24, 壹连科技 had a financing buy-in of 21.89 million yuan, while the current financing balance is 169 million yuan, accounting for 9.06% of the circulating market value [1] - The company had no short selling activity on October 24, with a short selling balance of 21,290 yuan and a remaining short selling volume of 2,200 shares [1] Company Overview - 壹连科技, established on December 7, 2011, is located in Shenzhen, Guangdong Province, and specializes in the research, design, production, sales, and service of electrical connection components [1] - The company's main revenue sources include: 58.83% from battery connection components, 28.44% from low-voltage signal transmission components, 11.48% from power transmission components, and 0.81% from other FPC components [1] Shareholder and Institutional Holdings - As of September 30, 2025, 壹连科技 had 14,400 shareholders, an increase of 9.63% from the previous period, with an average of 1,333 circulating shares per person, down by 8.78% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 230,000 shares, an increase of 40,200 shares from the previous period [2]

Core Insights - On October 17, Yilian Technology experienced a decline of 3.77% with a trading volume of 115 million yuan, indicating a negative market sentiment towards the company [1] - The company reported a net financing outflow of 34,900 yuan on the same day, with a total financing and securities balance of 173 million yuan, which constitutes 10.15% of its market capitalization [1] Financing Overview - On October 17, Yilian Technology had a financing purchase amount of 13.43 million yuan, while the financing repayment was 13.47 million yuan, resulting in a net financing buy of -34,900 yuan [1] - The current financing balance stands at 173 million yuan, representing 10.15% of the company's circulating market value [1] Securities Lending Overview - On October 17, Yilian Technology repaid 200 shares in securities lending, with no shares sold, resulting in a selling amount of 0 yuan [1] - The remaining securities lending volume is 2,000 shares, with a balance of 176,800 yuan [1] Company Profile - Yilian Technology, established on December 7, 2011, is located in Shenzhen, Guangdong Province, and is set to be listed on November 22, 2024 [1] - The company's main business involves the research, design, production, sales, and service of electrical connection components, with revenue composition as follows: 58.83% from cell connection components, 28.44% from low-voltage signal transmission components, 11.48% from power transmission components, 0.81% from other FPC components, and 0.44% from other supplementary components [1] Shareholder and Financial Performance - As of June 30, the number of shareholders for Yilian Technology was 13,200, a decrease of 20.84% from the previous period, while the average circulating shares per person increased by 86.48% to 1,461 shares [2] - For the first half of 2025, Yilian Technology achieved a revenue of 2.066 billion yuan, a year-on-year increase of 22.12%, and a net profit attributable to shareholders of 137 million yuan, up 18.49% year-on-year [2] - The company has distributed a total of 78.36 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest shareholder with 189,900 shares, an increase of 124,500 shares from the previous period [2] - New institutional shareholders include Southern CSI 1000 ETF, holding 168,800 shares, and Huaxia CSI 1000 ETF, holding 100,300 shares [2]

Core Viewpoint - The stock of Yilian Technology has experienced a decline in recent trading sessions, with a notable drop of 2.01% on October 16, 2023, reflecting a challenging market environment for the company [1]. Company Overview - Yilian Technology, established on December 7, 2011, is located in Shenzhen, Guangdong Province, and specializes in the research, design, production, sales, and service of electrical connection components [2]. - The company's main revenue sources are: 58.83% from battery connection components, 28.44% from low-voltage signal transmission components, 11.48% from power transmission components, and 0.81% from other FPC components [2]. - As of June 30, 2023, Yilian Technology had 13,200 shareholders, a decrease of 20.84% from the previous period, with an average of 1,461 circulating shares per shareholder, an increase of 86.48% [2]. Financial Performance - For the first half of 2025, Yilian Technology reported a revenue of 2.066 billion yuan, representing a year-on-year growth of 22.12%, and a net profit attributable to shareholders of 137 million yuan, up 18.49% year-on-year [2]. - The company has distributed a total of 78.3554 million yuan in dividends since its A-share listing [3]. Shareholding Structure - As of June 30, 2023, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 189,900 shares, an increase of 124,500 shares from the previous period [3]. - New institutional shareholders include Southern CSI 1000 ETF, holding 168,800 shares, and Huaxia CSI 1000 ETF, holding 100,300 shares [3].

Core Viewpoint - 壹连科技 has shown a positive performance in stock trading, with a 3.14% increase in share price on October 15, 2023, and a trading volume of 144 million yuan [1] Financing Summary - On October 15, 2023, 壹连科技 had a financing buy-in amount of 16.27 million yuan and a financing repayment of 22.77 million yuan, resulting in a net financing outflow of 6.50 million yuan [1] - As of October 15, 2023, the total financing and securities lending balance for 壹连科技 was 169 million yuan, which represents 9.44% of its market capitalization [1] - The company had a securities lending repayment of 200 shares on October 15, 2023, with no shares sold short, and a remaining securities lending balance of 1,900 shares valued at 177,100 yuan [1] Company Profile - 壹连科技, established on December 7, 2011, is located in Shenzhen, Guangdong Province, and specializes in the research, design, production, sales, and service of electrical connection components [1] - The company's main revenue sources are: cell connection components (58.83%), low-voltage signal transmission components (28.44%), power transmission components (11.48%), other FPC components (0.81%), and other (supplementary) components (0.44%) [1] Financial Performance - For the period from January to June 2025, 壹连科技 reported a revenue of 2.066 billion yuan, reflecting a year-on-year growth of 22.12%, and a net profit attributable to shareholders of 137 million yuan, which is an 18.49% increase year-on-year [2] - As of June 30, 2025, the number of shareholders for 壹连科技 was 13,200, a decrease of 20.84% from the previous period, while the average circulating shares per person increased by 86.48% to 1,461 shares [2] Shareholder Composition - As of June 30, 2025, the second-largest circulating shareholder of 壹连科技 was Hong Kong Central Clearing Limited, holding 189,900 shares, an increase of 124,500 shares from the previous period [2] - New institutional shareholders include Southern CSI 1000 ETF (512100) as the fourth-largest shareholder with 168,800 shares, and 华夏 CSI 1000 ETF (159845) as the sixth-largest shareholder with 100,300 shares [2]

Core Insights - 壹连科技's stock price decreased by 2.93% on September 18, with a trading volume of 183 million yuan [1] - The company reported a financing net buy of -2.65 million yuan on the same day, with a total financing and securities balance of 144 million yuan [1][2] - As of June 30, 2025, 壹连科技 achieved a revenue of 2.066 billion yuan, representing a year-on-year growth of 22.12%, and a net profit of 137 million yuan, up 18.49% year-on-year [2] Financing and Trading Activity - On September 18, 壹连科技 had a financing buy of 16.14 million yuan, with a current financing balance of 144 million yuan, accounting for 8.55% of the circulating market value [1] - The company had no shares repaid in securities lending on September 18, with 100 shares sold, amounting to 8,727 yuan at the closing price [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders for 壹连科技 was 13,200, a decrease of 20.84% from the previous period, while the average circulating shares per person increased by 86.48% to 1,461 shares [2] - The company has distributed a total of 78.36 million yuan in dividends since its A-share listing [3] - Notable institutional shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 12.45 million shares, and several new entrants such as Southern CSI 1000 ETF and Huaxia CSI 1000 ETF [3]

Core Points - On September 11, Yilian Technology's stock rose by 1.70%, with a trading volume of 153 million yuan [1] - The company experienced a net financing outflow of 373.94 million yuan on the same day, with a total financing and securities balance of 1.47 billion yuan [1] - As of June 30, the number of shareholders decreased by 20.84% to 13,200, while the average circulating shares per person increased by 86.48% to 1,461 shares [2] Financing and Securities - On September 11, Yilian Technology had a financing purchase of 15.25 million yuan, with a current financing balance of 1.47 billion yuan, accounting for 8.22% of the circulating market value [1] - The company had no shares repaid in securities lending on September 11, with 200 shares sold, amounting to 18,600 yuan at the closing price [1] - The securities lending balance stood at 214,100 yuan with a remaining quantity of 2,300 shares [1] Business Performance - For the first half of 2025, Yilian Technology reported a revenue of 2.066 billion yuan, representing a year-on-year growth of 22.12%, and a net profit attributable to shareholders of 137 million yuan, up 18.49% year-on-year [2] - The company's main business revenue composition includes: 58.83% from battery connection components, 28.44% from low-voltage signal transmission components, 11.48% from power transmission components, and 0.81% from other FPC components [1] Shareholder Structure - As of June 30, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 189,900 shares, an increase of 124,500 shares from the previous period [2] - New institutional shareholders include Southern CSI 1000 ETF, holding 168,800 shares, and Huaxia CSI 1000 ETF, holding 100,300 shares [2]