1月12日，长盈通涨5.28%，截至发稿，报61.80元/股，成交5.24亿元，换手率7.24%，总市值79.59亿 元。长盈通股价已经连续4天上涨，区间累计涨幅18.8%。 责任编辑：小浪快报 资料显示，武汉长盈通光电技术股份有限公司位于湖北省武汉市东湖开发区高新五路80号，成立日期 2010年5月18日，上市日期2022年12月12日，公司主营业务涉及从事光纤陀螺核心器件光纤环及其综合 解决方案研发、生产、销售和服务的国家级专精特新"小巨人"企业,致力于开拓以军用惯性导航领域为 主的光纤环及其主要材料特种光纤的高新技术产业化应用。主营业务收入构成为：光纤环器件 57.61%，特种光纤19.36%，其他(补充)11.68%，新型材料7.18%，光器件设备及其他4.17%。 从基金十大重仓股角度 永赢启源混合发起A（016560）基金经理为沈平虹。 截至发稿，沈平虹累计任职时间1年3天，现任基金资产总规模8.98亿元，任职期间最佳基金回报 51.34%， 任职期间最差基金回报15.44%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、 ...

1月9日，长盈通涨5.25%，截至发稿，报56.16元/股，成交3.03亿元，换手率4.62%，总市值72.32亿元。 长盈通股价已经连续3天上涨，区间累计涨幅7.99%。 大摩万众创新混合A（002885）基金经理为李子扬。 截至发稿，李子扬累计任职时间285天，现任基金资产总规模2.55亿元，任职期间最佳基金回报 35.42%， 任职期间最差基金回报35.21%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，武汉长盈通光电技术股份有限公司位于湖北省武汉市东湖开发区高新五路80号，成立日期 2010年5月18日，上市日期2022年12月12日，公司主营业务涉及从事光纤陀螺核心器件光纤环及其综合 解决方案研发、生产、销售和服务的国家级专精特新"小巨人"企业,致力于开拓以军用惯性导航领域为 主的光纤环及其主要材料特种光纤的高新技术产业化应用。主营业务收入构成为：光纤环器件 57.61%，特种光纤19.36%，其他(补充)11.68%，新型材 ...

1月9日，长盈通涨5.25%，截至发稿，报56.16元/股，成交3.03亿元，换手率4.62%，总市值72.32亿元。 长盈通股价已经连续3天上涨，区间累计涨幅7.99%。 资料显示，武汉长盈通光电技术股份有限公司位于湖北省武汉市东湖开发区高新五路80号，成立日期 2010年5月18日，上市日期2022年12月12日，公司主营业务涉及从事光纤陀螺核心器件光纤环及其综合 解决方案研发、生产、销售和服务的国家级专精特新"小巨人"企业,致力于开拓以军用惯性导航领域为 主的光纤环及其主要材料特种光纤的高新技术产业化应用。主营业务收入构成为：光纤环器件 57.61%，特种光纤19.36%，其他(补充)11.68%，新型材料7.18%，光器件设备及其他4.17%。 永赢启源混合发起A（016560）基金经理为沈平虹。 截至发稿，沈平虹累计任职时间1年0天，现任基金资产总规模8.98亿元，任职期间最佳基金回报 43.04%， 任职期间最差基金回报14.83%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考， ...

Core Viewpoint - Changying Tong experienced a 3.17% decline in stock price on November 28, with a trading volume of 247 million yuan, indicating potential volatility in the market [1] Financing Summary - On November 28, Changying Tong had a financing buy-in amount of 34.73 million yuan and a financing repayment of 16.80 million yuan, resulting in a net financing buy of 17.94 million yuan [1] - As of November 28, the total financing and securities lending balance for Changying Tong was 297 million yuan, with the financing balance accounting for 8.34% of the circulating market value, which is above the 90th percentile level over the past year [1] Company Overview - Changying Tong, established on May 18, 2010, and listed on December 12, 2022, is located in Wuhan, Hubei Province, and specializes in the research, production, and sales of optical fiber gyroscope core components and solutions [2] - The company's main business revenue composition includes optical fiber ring devices (57.61%), special optical fibers (19.36%), other (11.68%), new materials (7.18%), and optical device equipment and others (4.17%) [2] - For the period from January to September 2025, Changying Tong achieved a revenue of 269 million yuan, representing a year-on-year growth of 46.77%, and a net profit attributable to shareholders of 30.79 million yuan, reflecting a significant year-on-year increase of 933.24% [2] Dividend and Shareholder Information - Since its A-share listing, Changying Tong has distributed a total of 53.03 million yuan in dividends [3] - As of September 30, 2025, the top ten circulating shareholders include Huaxia Military Industry Safety Mixed A (002251) as the largest shareholder with 5.71 million shares, an increase of 61,400 shares from the previous period [3] - New shareholders include China Europe High-end Equipment Stock Initiation A (016847), which ranks as the fourth largest circulating shareholder with 3 million shares [3]

Group 1 - The core viewpoint of the news is the performance and market position of Changying Tong, a company specializing in optical fiber gyroscope technology, which has seen a decline in stock price and trading volume [1] - Changying Tong's stock price dropped by 5.23% to 34.80 CNY per share, with a total market capitalization of 4.482 billion CNY [1] - The company was established on May 18, 2010, and went public on December 12, 2022, focusing on the research, production, and sales of optical fiber ring devices and related solutions [1] Group 2 - The main revenue composition of Changying Tong includes optical fiber ring devices (57.61%), special optical fibers (19.36%), other supplementary products (11.68%), new materials (7.18%), and optical device equipment (4.17%) [1] - According to fund data, Yongying Fund has a significant holding in Changying Tong, with its fund "Yongying Qiyuan Mixed Initiation A" increasing its stake by 46.36 thousand shares in the third quarter [2] - The fund's current holding in Changying Tong represents 4.06% of its net asset value, ranking it as the ninth largest holding [2]

Core Insights - Changying Tong's stock price increased by 2.01% on November 18, reaching 36.56 CNY per share, with a total market capitalization of 4.708 billion CNY [1] Financial Performance - For the period from January to September 2025, Changying Tong achieved a revenue of 269 million CNY, representing a year-on-year growth of 46.77%, and a net profit attributable to shareholders of 30.786 million CNY, which is a significant increase of 933.24% [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 76.27% to 7,987, while the average circulating shares per person decreased by 43.27% to 11,834 shares [2] Business Overview - Changying Tong, established on May 18, 2010, specializes in the research, production, and sales of fiber optic gyroscope core components and solutions, focusing on military inertial navigation applications [2] - The company's revenue composition includes fiber optic ring devices (57.61%), special optical fibers (19.36%), and other segments [2] Institutional Holdings - As of September 30, 2025, the largest circulating shareholder is Huaxia Military Industry Safety Mixed A, holding 5.7146 million shares, an increase of 61,400 shares from the previous period [3]

Investment Rating - The report maintains a "Buy-A" investment rating for the company with a 12-month target price of 45.80 yuan [4][8]. Core Views - The company achieved a revenue of 269 million yuan in the first three quarters of 2025, representing a year-on-year increase of 46.77%, and a significant turnaround in net profit to 30.79 million yuan from a loss of 3.69 million yuan in the same period last year [1]. - The growth in revenue is primarily driven by a substantial increase in the delivery volume of optical fiber components, with a 65.5% year-on-year growth in Q3 2025 [1]. - The company continues to invest heavily in R&D, with R&D expenses increasing by 42.6% to 29.33 million yuan in the first three quarters of 2025, representing a R&D expense ratio of 10.9% [2]. - The company is expanding its business into the optical fiber energy sector and has made a strategic acquisition of Shengyisheng for 158 million yuan, which will enhance its capabilities in optical communication and AI optical modules [3]. Summary by Sections Financial Performance - In Q3 2025, the company reported a revenue of 77 million yuan, with a net profit of 1.68 million yuan, marking a significant recovery from a loss of 18.87 million yuan in the same quarter last year [1]. - The gross margin improved by 6.4 percentage points to 45.4%, and the net margin increased by 43.8 percentage points to 1.7% in Q3 2025 [1]. R&D and Competitive Position - The company is focused on maintaining its leading position in optical fiber sensing by continuously increasing R&D investments and attracting high-end talent [2]. - The establishment of a complete supply chain from fiber to modules enhances the company's core competitiveness [2]. Growth Strategy - The company is actively pursuing both organic and inorganic growth strategies, particularly in the fields of 6G communication, artificial intelligence, and AI computing power [3]. - The acquisition of Shengyisheng is expected to open up new growth avenues and enhance the company's long-term growth potential [3].

Company Overview - Changying Tong is a national-level specialized and innovative "little giant" enterprise established on May 18, 2010, and listed on December 12, 2022, located in Wuhan, Hubei Province [1] - The company focuses on the research, production, sales, and service of optical fiber gyroscope core components, particularly optical fiber rings, and their application in military inertial navigation [1] - The revenue composition includes: optical fiber ring devices 57.61%, special optical fibers 19.36%, others 11.68%, new materials 7.18%, and optical device equipment and others 4.17% [1] Stock Performance - As of November 3, Changying Tong's stock price is 38.91 CNY per share, with a trading volume of 150 million CNY and a turnover rate of 4.16%, resulting in a total market capitalization of 5.011 billion CNY [1] - The stock has experienced a continuous decline over three days, with a cumulative drop of 8.98% [1] Fund Holdings - Changsheng Fund has one fund heavily invested in Changying Tong, specifically Changsheng Aerospace Marine Mixed A (000535), which increased its holdings by 42,800 shares in the third quarter, totaling 221,600 shares, representing 3.94% of the fund's net value [2] - The fund has incurred a floating loss of approximately 42,100 CNY today, with a total floating loss of 850,900 CNY during the three-day decline [2] Fund Manager Performance - The fund manager of Changsheng Aerospace Marine Mixed A is Wang Bingfang, who has been in the position for 3 years and 106 days, managing assets totaling 471 million CNY [3] - The best fund return during Wang's tenure is -5.33%, while the worst return is -47.99% [3]

Group 1 - The core viewpoint of the news is the performance and market position of Changying Tong, a company specializing in optical fiber gyroscope technology, which has seen a stock price increase of 5.01% to 43.36 CNY per share, with a total market capitalization of 5.584 billion CNY [1] - Changying Tong was established on May 18, 2010, and went public on December 12, 2022. The company focuses on the research, production, and sales of optical fiber ring core devices and solutions, primarily targeting the military inertial navigation sector [1] - The revenue composition of Changying Tong includes: optical fiber ring devices (57.61%), special optical fibers (19.36%), other supplementary products (11.68%), new materials (7.18%), and optical device equipment and others (4.17%) [1] Group 2 - According to data from the top ten holdings of funds, one fund under Qianhai Kaiyuan has a significant position in Changying Tong, holding 294,500 shares, which accounts for 7.92% of the fund's net value, making it the second-largest holding [2] - The Qianhai Kaiyuan Hong Kong-Shenzhen Strong Domestic Industry Fund (004321) has achieved a year-to-date return of 12.01% and a one-year return of 19.85%, ranking 5443 out of 8154 and 3778 out of 8025 in its category, respectively [2] - The fund manager, Wei Chun, has been in position for nearly 7 years, with the fund's total assets amounting to 1.197 billion CNY and a best return of 144.91% during his tenure [3]

Core Viewpoint - Changying Technology's stock rose by 5.1% to 42.43 CNY per share, with a total market capitalization of 5.464 billion CNY, indicating positive market sentiment towards the company [1] Company Overview - Wuhan Changying Technology Co., Ltd. was established on May 18, 2010, and went public on December 12, 2022. The company specializes in the research, production, sales, and service of optical fiber gyroscope core components, particularly optical fiber rings, and is recognized as a national-level specialized and innovative "little giant" enterprise [1] - The company's main business revenue composition includes: optical fiber ring devices (57.61%), special optical fibers (19.36%), other supplementary products (11.68%), new materials (7.18%), and optical device equipment and others (4.17%) [1] Fund Holdings - Changsheng Fund has a significant holding in Changying Technology, with its Changsheng Aerospace Marine Mixed A Fund (000535) increasing its stake by 22,300 shares in the second quarter, holding a total of 178,800 shares, which represents 3.91% of the fund's net value [2] - The fund has achieved a year-to-date return of 18.37%, ranking 4281 out of 8162 in its category, and a one-year return of 16.92%, ranking 4321 out of 8024 [2] Fund Manager Information - The fund manager of Changsheng Aerospace Marine Mixed A Fund is Wang Bingfang, who has been in the position for 3 years and 93 days. The fund's total asset size is 370 million CNY, with the best and worst returns during his tenure being -8.91% and -47.99%, respectively [3]