中证智能财讯新强联（300850）1月23日晚间披露2025年度业绩预告，预计2025年归母净利润7.8亿元至9.2亿元，同比增长1093.07%-1307.21%；扣非净利润 预计6.8亿元至8.2亿元，同比增长356.18%-450.1%。以1月23日收盘价计算，新强联目前市盈率（TTM）约为22.37倍-26.38倍，市净率（LF）约3倍，市销率 （TTM）约4.48倍。 市销率=总市值/营业收入。市销率估值法通常用于亏损或微利的成长型公司。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 资料显示，公司主营业务为大型回转支承的设计、制造；精密轴承的设计、制造；中高频淬火，轴承滚子来料加工；锻件、铸件、法兰及锁紧盘的设计、制 造。 据公告，公司业绩变动原因为， 1、受益于风电行业需求回暖，装机需求持续释放，公司依托技术优势进一步扩大了市场份额。在产能利用率保持较高水平 的背景下，公司通过优化成本管控、提升高附加值产品比重，实现了产品毛利率的稳步提高。2、报告期内非经常性损益预计对净利润的影响额约为9500- 11000万元，其中主要系持有金融资产产生的公允价值变动损益以及处置金融资产产 ...

Group 1 - The stock price of Xin Qiang Lian has dropped by 4.67% to 42.49 CNY per share, with a total market capitalization of 17.595 billion CNY, and a cumulative decline of 5.93% over the last three days [1] - Xin Qiang Lian specializes in the research, production, and sales of large slewing bearings and industrial forgings, with wind power products accounting for 75.84% of its main business revenue [1] - The company was established on August 3, 2005, and went public on July 13, 2020 [1] Group 2 - Guoshou Anbao Fund holds 20,000 shares of Xin Qiang Lian in its Guoshou Anbao Stable Ji Mixed A fund, representing 1.09% of the fund's net value, ranking as the sixth largest holding [2] - The fund has experienced a floating loss of approximately 41,600 CNY today and a total floating loss of 53,600 CNY over the past three days [2] - Guoshou Anbao Stable Ji Mixed A fund was established on December 26, 2017, with a current scale of 73.628 million CNY and a year-to-date return of 1.63% [2] Group 3 - The fund manager Wu Wen has a tenure of 10 years and 82 days, with a total fund asset size of 11.284 billion CNY and a best return of 90.53% during his tenure [3] - The co-manager Xiong Liang has a tenure of 1 year and 182 days, managing assets of 95.8767 million CNY, with a best return of 31.66% during his tenure [3]

Group 1 - The core point of the news is the performance and market position of Xin Qiang Lian, which saw a stock price increase of 5.03% to 43.45 CNY per share, with a trading volume of 453 million CNY and a market capitalization of 17.992 billion CNY [1] - Xin Qiang Lian specializes in the research, production, and sales of large slewing bearings and industrial forgings, with its main business revenue composition being 75.84% from wind power products, 7.26% from locking discs, and smaller percentages from other categories [1] Group 2 - From the perspective of fund holdings, Penghua Fund has a significant position in Xin Qiang Lian, with its Penghua New Energy Selected Mixed A fund reducing its holdings by 575,800 shares, now holding 619,700 shares, which represents 2.19% of the fund's net value [2] - The Penghua New Energy Selected Mixed A fund has achieved a return of 41.42% this year, ranking 1871 out of 8155 in its category, and has a total fund size of 607 million CNY [2]

12月18日，新强联跌5.06%，截至发稿，报43.51元/股，成交4.29亿元，换手率3.22%，总市值180.17亿 元。 资料显示，洛阳新强联回转支承股份有限公司位于河南省洛阳市新安县经济技术开发区洛新园区京津路 8号，成立日期2005年8月3日，上市日期2020年7月13日，公司主营业务涉及大型回转支承和工业锻件的 研发、生产和销售。主营业务收入构成为：风电类产品75.84%，锁紧盘7.26%，其他6.23%，锻件 6.05%，盾构机类产品1.49%，海工装备类产品1.39%，电力1.15%，其他轴承类产品0.42%，联轴器 0.10%，齿轮箱轴承产品0.03%，风电发电机组用传动组件0.03%。 从基金十大重仓股角度 数据显示，申万菱信基金旗下1只基金重仓新强联。申万菱信中证1000指数增强A（017067）三季度持 有股数2.02万股，占基金净值比例为0.87%，位居第九大重仓股。根据测算，今日浮亏损失约4.69万 元。 申万菱信中证1000指数增强A（017067）成立日期2023年2月14日，最新规模5688.7万。今年以来收益 28.32%，同类排名1589/4197；近一年收益28.49% ...

Core Viewpoint - The stock of Xin Qiang Lian experienced a decline of 5.1%, trading at 48.43 yuan per share, with a total market capitalization of 20.054 billion yuan as of November 18 [1] Company Overview - Xin Qiang Lian is located in the Economic and Technological Development Zone of Xin'an County, Luoyang, Henan Province, and was established on August 3, 2005, with its listing date on July 13, 2020 [1] - The company specializes in the research, development, production, and sales of large slewing bearings and industrial forgings [1] Revenue Composition - The revenue breakdown of Xin Qiang Lian is as follows: - Wind power products: 75.84% - Locking discs: 7.26% - Others: 6.23% - Forgings: 6.05% - Shield tunneling machine products: 1.49% - Offshore equipment: 1.39% - Power: 1.15% - Other bearing products: 0.42% - Couplings: 0.10% - Gearbox bearing products: 0.03% - Wind turbine generator transmission components: 0.03% [1] Fund Holdings - E Fund's fund, E Fund CSI 1000 Quantitative Enhancement A (017094), holds 67,100 shares of Xin Qiang Lian, accounting for 0.43% of the fund's net value, ranking as the seventh largest holding [2] - The fund has reported a floating loss of approximately 174,500 yuan as of the latest data [2] Fund Performance - E Fund CSI 1000 Quantitative Enhancement A was established on April 25, 2023, with a current scale of 311 million yuan [2] - Year-to-date return is 39.31%, ranking 979 out of 4212 in its category; the one-year return is 38.87%, ranking 815 out of 3956; and since inception, the return is 40.69% [2]

Core Insights - New Qianglian's stock price dropped by 5.02% to 49.56 CNY per share, with a trading volume of 704 million CNY and a turnover rate of 4.61%, resulting in a total market capitalization of 20.522 billion CNY [1] Company Overview - Luoyang New Qianglian Slewing Bearing Co., Ltd. is located in the Economic and Technological Development Zone of Xin'an County, Luoyang, Henan Province, established on August 3, 2005, and listed on July 13, 2020 [1] - The company's main business involves the research, development, production, and sales of large slewing bearings and industrial forgings [1] - Revenue composition includes: wind power products 75.84%, locking discs 7.26%, others 6.23%, forgings 6.05%, shield machine products 1.49%, offshore equipment 1.39%, electricity 1.15%, other bearing products 0.42%, couplings 0.10%, gearbox bearing products 0.03%, and wind turbine transmission components 0.03% [1] Fund Holdings - Huashang Fund has one fund heavily invested in New Qianglian, specifically the Huashang Theme Selection Mixed Fund (630011), which held 159,300 shares in the third quarter, accounting for 2.6% of the fund's net value, ranking as the tenth largest holding [2] - The estimated floating loss for the fund today is approximately 417,400 CNY [2] - The Huashang Theme Selection Mixed Fund was established on May 31, 2012, with a current size of 266 million CNY, achieving a year-to-date return of 43.82% and a one-year return of 37.46% [2]

Core Viewpoint - Jixin Technology (601218.SH) is experiencing a turnaround in performance, reporting significant revenue and profit growth, while planning to acquire assets to enhance its manufacturing capabilities and transition from a single supplier to a comprehensive component system supplier in the wind power industry [1][2]. Financial Performance - For Q3 2025, Jixin Technology reported revenue of 361 million yuan, a year-on-year increase of 11.84%, and a net profit attributable to shareholders of 32.51 million yuan, up over 10 times [1][2]. - For the first three quarters of 2025, the company achieved revenue of 1.076 billion yuan, a 19.14% increase year-on-year, and a net profit of 114 million yuan, reflecting a 213.98% growth [2]. - The gross margin for the first three quarters of 2025 was 21.71%, an increase of 6.7 percentage points compared to the previous year [2]. Market Dynamics - The wind power industry has been significantly influenced by policy changes, with a notable increase in demand for wind power components following the issuance of the "136 Document" in January 2025, which promoted market-oriented pricing for renewable energy [3]. - Jixin Technology's sales volume of wind power castings increased by 32% year-on-year in the first half of 2025, driven by favorable market conditions [3]. Strategic Acquisition - Jixin Technology plans to acquire 57.45% of Jiangsu New Energy Bearing Co., Ltd. for 239.3 million yuan, which will allow the company to hold 100% of the target company and mark a significant step in its vertical integration strategy within the wind power supply chain [1][4]. - The acquisition is expected to enhance Jixin Technology's manufacturing capabilities and address production capacity constraints by leveraging its existing resources [5]. Business Synergy - New Energy Bearing specializes in high-tech bearings for wind power applications, providing products to leading manufacturers, which aligns well with Jixin Technology's core business [4][5]. - The acquisition is anticipated to create synergies by sharing customer resources and offering a "one-stop" service to downstream clients [5].

Core Viewpoint - New Qianglian's stock price has shown significant growth this year, with a year-to-date increase of 124.21%, despite a recent decline in the last five trading days [1][2]. Company Overview - New Qianglian, established on August 3, 2005, and listed on July 13, 2020, is located in the Economic and Technological Development Zone of Xin'an County, Luoyang, Henan Province. The company specializes in the research, production, and sales of large slewing bearings and industrial forgings [1]. - The company's main business revenue composition includes: wind power products (75.84%), locking plates (7.26%), and other categories such as forgings (6.05%) and shield machine products (1.49%) [1]. Financial Performance - For the first half of 2025, New Qianglian achieved operating revenue of 2.21 billion yuan, representing a year-on-year growth of 108.98%. The net profit attributable to shareholders reached 400 million yuan, a remarkable increase of 496.60% [2]. - Since its A-share listing, New Qianglian has distributed a total of 199 million yuan in dividends, with 104 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for New Qianglian was 30,900, an increase of 20.33% from the previous period. The average number of circulating shares per person decreased by 9.40% to 8,660 shares [2]. - Notable changes in institutional holdings include a decrease in shares held by major shareholders such as Nuoan Pioneer Mixed A and Hong Kong Central Clearing Limited, while Southern CSI 1000 ETF increased its holdings [3].

Core Viewpoint - The meeting in Luoyang focused on advancing the integrated source-grid-load-storage projects in Henan Province, highlighting the importance of renewable energy and energy efficiency in the region's development [1][2][3] Group 1: Project Implementation and Impact - Henan Province has implemented over 600 integrated source-grid-load-storage projects, contributing positively to clean energy development and the achievement of carbon neutrality goals [3] - The New Strong Union's subsidiary, New Saint New Energy, has constructed distributed photovoltaic power stations with a total installed capacity of 120 MW, significantly reducing electricity costs from 0.72 yuan per kWh to 0.55 yuan per kWh, achieving a self-consumption rate of 47.5% [1] - The State Power Investment Corporation's project in Fulu Village has generated over 100,000 yuan in annual income for the village, reducing electricity costs for residents to 0.5 yuan per kWh [2] Group 2: Government Initiatives and Future Plans - The Henan Provincial Government plans to accelerate the implementation of integrated source-grid-load-storage projects, with a target of over 1,000 pilot projects to be completed by the end of 2027 [2] - The provincial development and reform commission has issued implementation guidelines for various categories of integrated projects, aiming to promote large-scale development of renewable energy while ensuring high-level consumption [2]

Group 1 - The core viewpoint of the news is the significant stock performance of Xin Qiang Lian, which has seen a 10.47% increase over three consecutive days, reaching a price of 42.40 CNY per share with a market capitalization of 17.31 billion CNY [1] - Xin Qiang Lian specializes in the research, production, and sales of large slewing bearings and industrial forgings, with wind power products accounting for 75.84% of its main business revenue [1] - The company was established on August 3, 2005, and went public on July 13, 2020, indicating a relatively recent entry into the public market [1] Group 2 - The Hengsheng Qianhai Fund holds a significant position in Xin Qiang Lian, with 36,800 shares representing 2.33% of the fund's net value, making it the fifth-largest holding [2] - The fund has achieved a year-to-date return of 37.72% and a one-year return of 47.01%, ranking it 2055 out of 8244 and 2621 out of 8080 in its category, respectively [2] - The fund manager, Xing Cheng, has been in charge for 3 years and 192 days, with the best fund return during this period being 87.69% [2]