11月28日，和而泰盘中下跌2.00%，截至09:53，报47.53元/股，成交6.04亿元，换手率1.56%，总市值 439.51亿元。 资金流向方面，主力资金净流出4901.46万元，特大单买入2721.86万元，占比4.51%，卖出5137.72万 元，占比8.51%；大单买入1.37亿元，占比22.72%，卖出1.62亿元，占比26.84%。 责任编辑：小浪快报 和而泰所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：砷化镓、卫星互 联网、氮化镓、北斗导航、华为海思等。 截至9月30日，和而泰股东户数24.63万，较上期增加72.35%；人均流通股3272股，较上期减少41.98%。 2025年1月-9月，和而泰实现营业收入82.70亿元，同比增长17.47%；归母净利润6.03亿元，同比增长 69.66%。 分红方面，和而泰A股上市后累计派现7.70亿元。近三年，累计派现3.25亿元。 机构持仓方面，截止2025年9月30日，和而泰十大流通股东中，香港中央结算有限公司位居第一大流通 股东，持股5229.24万股，相比上期增加3907.98万股。南方中证1000ETF（51210 ...

Group 1 - The core point of the news is that Heertai experienced a decline of 5.21% in its stock price, reaching 51.70 CNY per share, with a trading volume of 5.014 billion CNY and a turnover rate of 11.28%, resulting in a total market capitalization of 47.807 billion CNY [1] - Heertai, established on January 12, 2000, and listed on May 11, 2010, is based in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of smart controllers for household appliances, next-generation smart controllers, and smart hardware [1] - The company's main business revenue composition includes: 65.41% from household appliance smart controllers, 11.34% from smart product smart controllers, 9.82% from power tool smart controllers, 7.63% from automotive electronic smart controllers, 3.69% from microwave and millimeter-wave analog phased array T/R chips, and 2.10% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Xinda Australia has heavily invested in Heertai, specifically the Xin'ao New Target Flexible Allocation Mixed A (003456), which reduced its holdings by 2,700 shares in the third quarter, now holding 600 shares, accounting for 0.05% of the fund's net value [2] - The Xin'ao New Target Flexible Allocation Mixed A (003456) fund was established on October 19, 2016, with a latest scale of 2.4078 million CNY, showing a year-to-date return of 3.02% and a one-year return of 3.85% [2] - The fund manager, Yang Bin, has been in position for 3 years and 19 days, with the fund's total asset scale at 6.812 billion CNY, achieving a best return of 10.29% and a worst return of 0.08% during his tenure [3]

Group 1 - The core point of the news is that Heertai's stock price increased by 5.03% to 53.66 CNY per share, with a trading volume of 2.785 billion CNY and a turnover rate of 6.61%, resulting in a total market capitalization of 49.619 billion CNY [1] - Heertai, established on January 12, 2000, and listed on May 11, 2010, is based in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of smart controllers for household appliances, next-generation smart controllers, and smart hardware [1] - The company's main business revenue composition includes: 65.41% from household appliance smart controllers, 11.34% from intelligent product smart controllers, 9.82% from power tool smart controllers, 7.63% from automotive electronic smart controllers, 3.69% from microwave and millimeter-wave analog phased array T/R chips, and 2.10% from other sources [1] Group 2 - From the perspective of Heertai's top ten circulating shareholders, the Guangfa Fund has a stake in Heertai, with the Guangfa CSI 1000 ETF (560010) reducing its holdings by 157,700 shares in the third quarter, now holding 3.8972 million shares, which is 0.48% of the circulating shares [2] - The Guangfa CSI 1000 ETF (560010) has achieved a year-to-date return of 25.4% and a one-year return of 21.96%, ranking 1920 out of 4208 and 1979 out of 3971 in its category, respectively [2] - The fund manager of Guangfa CSI 1000 ETF (560010) is Luo Guoqing, who has been in the position for 10 years and 42 days, with the fund's total asset size reaching 104.711 billion CNY [3]

Group 1 - The core point of the news is that Heertai's stock price increased by 5.09% to 51.25 CNY per share, with a trading volume of 2.803 billion CNY and a turnover rate of 6.98%, resulting in a total market capitalization of 47.391 billion CNY [1] - Heertai, established on January 12, 2000, and listed on May 11, 2010, is based in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of smart controllers for household appliances, next-generation smart controllers, and smart hardware [1] - The main revenue composition of Heertai includes: 65.41% from household appliance smart controllers, 11.34% from smart product smart controllers, 9.82% from power tool smart controllers, 7.63% from automotive electronic smart controllers, 3.69% from microwave and millimeter-wave analog phased array T/R chips, and 2.10% from other sources [1] Group 2 - According to data, the Guangfa Zhongzheng 1000 ETF (560010) is among the top ten circulating shareholders of Heertai, having reduced its holdings by 157,700 shares in the third quarter, now holding 3.8972 million shares, which accounts for 0.48% of the circulating shares [2] - The Guangfa Zhongzheng 1000 ETF has achieved a return of 27.35% this year, ranking 1929 out of 4216 in its category, and a return of 21.04% over the past year, ranking 2037 out of 3956 [2] - The fund manager of Guangfa Zhongzheng 1000 ETF is Luo Guoqing, who has been in the position for 10 years and 39 days, with a total asset scale of 104.711 billion CNY [3]

Core Viewpoint - The stock of Heertai experienced a decline of 2.01% on November 12, with a trading price of 45.25 yuan per share, amidst significant trading volume and net outflow of funds [1]. Group 1: Stock Performance - Heertai's stock price has increased by 151.25% year-to-date, but it has seen a decline of 4.54% in the last five trading days and 10.57% in the last twenty days [1]. - The company has appeared on the trading leaderboard nine times this year, with the most recent appearance on October 31, where it recorded a net buy of 43.05 million yuan [1]. Group 2: Company Overview - Heertai, established on January 12, 2000, and listed on May 11, 2010, is based in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of smart controllers and related technologies [2]. - The main revenue sources for Heertai include smart controllers for household appliances (65.41%), smart products (11.34%), power tools (9.82%), automotive electronics (7.63%), and microwave/mm-wave chips (3.69%) [2]. Group 3: Financial Performance - For the period from January to September 2025, Heertai achieved a revenue of 8.27 billion yuan, reflecting a year-on-year growth of 17.47%, while the net profit attributable to shareholders was 603 million yuan, marking a 69.66% increase [2]. - The company has distributed a total of 770 million yuan in dividends since its A-share listing, with 325 million yuan distributed over the past three years [3]. Group 4: Shareholder Structure - As of September 30, 2025, Heertai had 246,300 shareholders, an increase of 72.35% from the previous period, with an average of 3,272 circulating shares per person, down by 41.98% [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 52.29 million shares, which increased by 39.08 million shares compared to the previous period [3].

Group 1 - The stock of Heertai fell by 6.06% to 52.90 CNY per share, with a trading volume of 5.199 billion CNY and a turnover rate of 11.27%, resulting in a total market capitalization of 48.916 billion CNY [1] - Heertai, established on January 12, 2000, and listed on May 11, 2010, specializes in the research, production, and sales of smart controllers for household appliances, next-generation smart controllers, and smart hardware, as well as microwave and millimeter-wave analog phased array T/R chip design and services [1] - The revenue composition of Heertai includes: 65.41% from household appliance smart controllers, 11.34% from smart product controllers, 9.82% from power tool controllers, 7.63% from automotive electronic controllers, 3.69% from microwave and millimeter-wave chips, and 2.10% from other sources [1] Group 2 - The CITIC Prudential fund holds a significant position in Heertai, with the CITIC Prudential CSI Smart Home Index (LOF) A (165524) reducing its holdings by 3,900 shares to 28,200 shares, representing 1.8% of the fund's net value, making it the fourth-largest holding [2] - The fund has a total scale of 46.8677 million CNY and has achieved a return of 33.8% this year, ranking 1516 out of 4216 in its category, with a one-year return of 40.63%, ranking 1098 out of 3889 [2] - The fund manager, Huang Zhi, has been in position for 7 years and 101 days, managing assets totaling 3.059 billion CNY, with the best return during his tenure being 146.63% and the worst being -21.39% [3]

Core Points - On October 31, Heertai's stock dropped by 6.06%, trading at 52.90 CNY per share, with a total transaction volume of 5.199 billion CNY and a turnover rate of 11.27%, resulting in a total market capitalization of 48.916 billion CNY [1] Company Overview - Shenzhen Heertai Intelligent Control Co., Ltd. was established on January 12, 2000, and went public on May 11, 2010. The company is located in Nanshan District, Shenzhen, Guangdong Province [1] - The main business activities include the research, development, production, and sales of smart controllers for household appliances, next-generation smart controllers, smart hardware, and vendor service platform business. Additionally, it involves the design, research, development, production, sales, and technical services of microwave and millimeter-wave analog phased array T/R chips [1] - The revenue composition of the main business is as follows: smart controllers for household appliances 65.41%, smart product controllers 11.34%, electric tool controllers 9.82%, automotive electronic controllers 7.63%, microwave and millimeter-wave analog phased array T/R chips 3.69%, and others 2.10% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Guojin Fund has a significant position in Heertai. The Guojin CSI 1000 Index Enhanced A (017846) held 93,000 shares in the third quarter, accounting for 0.88% of the fund's net value, making it the largest holding [2] - The fund was established on March 22, 2023, with a current scale of 202 million CNY. Year-to-date, it has achieved a return of 41.26%, ranking 1155 out of 4216 in its category; over the past year, it has returned 48.27%, ranking 815 out of 3889; and since inception, it has returned 28.98% [2]

Core Viewpoint - Heertai's stock price increased by 5.26% to 52.42 CNY per share, with a trading volume of 1.576 billion CNY and a market capitalization of 48.478 billion CNY as of October 23 [1] Company Overview - Shenzhen Heertai Intelligent Control Co., Ltd. was established on January 12, 2000, and went public on May 11, 2010. The company is located in Nanshan District, Shenzhen, Guangdong Province [1] - The main business includes the research, development, production, and sales of smart controllers for household appliances, next-generation smart controllers, smart hardware, and vendor service platform business. It also involves the design, development, production, sales, and technical services of microwave and millimeter-wave analog phased array T/R chips [1] - The revenue composition of the main business is as follows: smart controllers for household appliances 65.41%, smart product controllers 11.34%, electric tool controllers 9.82%, automotive electronic controllers 7.63%, microwave and millimeter-wave analog phased array T/R chips 3.69%, and others 2.10% [1] Shareholder Information - Huaxia Fund's Huaxia CSI 1000 ETF (159845) is among the top ten circulating shareholders of Heertai. In the third quarter, it reduced its holdings by 6,300 shares, holding a total of 5.0304 million shares, which accounts for 0.62% of the circulating shares. The estimated floating profit today is approximately 13.1798 million CNY [2] - The Huaxia CSI 1000 ETF was established on March 18, 2021, with a latest scale of 38.227 billion CNY. Year-to-date return is 24.07%, ranking 2086 out of 4218 in its category; the one-year return is 25.57%, ranking 1695 out of 3875; and the return since inception is 24.83% [2] Fund Management - The fund manager of Huaxia CSI 1000 ETF (159845) is Zhao Zongting, who has been in the position for 8 years and 192 days. The total asset scale of the fund is 305.809 billion CNY, with the best fund return during his tenure being 123.57% and the worst being -32.63% [3] Fund Holdings - In the second quarter, Huaxia CSI 1000 ETF held 5.0367 million shares of Heertai, accounting for 0.31% of the fund's net value, making it the sixth-largest holding. The estimated floating profit today is approximately 13.1963 million CNY [4]

Core Insights - The company, Heertai, experienced a decline of 1.21% in stock price on September 30, with a trading volume of 5.481 billion yuan. The net financing buy was negative at 92.59 million yuan, indicating a higher repayment than new purchases [1] Financial Performance - For the first half of 2025, Heertai reported a revenue of 5.446 billion yuan, representing a year-on-year growth of 19.21%. The net profit attributable to shareholders was 354 million yuan, showing a significant increase of 78.65% compared to the previous year [2] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 1.99% to 142,900, while the average circulating shares per person increased by 2.59% to 5,639 shares [2] - The company has distributed a total of 770 million yuan in dividends since its A-share listing, with 325 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 13.2126 million shares, a decrease of 6.3066 million shares from the previous period. The Southern CSI 1000 ETF increased its holdings by 1.6151 million shares to 8.5426 million shares [3]

Group 1 - The stock of Heertai fell by 6.46% on September 26, closing at 49.20 CNY per share, with a trading volume of 4.921 billion CNY and a turnover rate of 11.89%, resulting in a total market capitalization of 45.5 billion CNY [1] - Heertai, established on January 12, 2000, and listed on May 11, 2010, is based in Shenzhen, Guangdong Province. The company specializes in the research, production, and sales of smart controllers for household appliances, next-generation smart controllers, smart hardware, and vendor service platform business [1] - The revenue composition of Heertai includes: 65.41% from household appliance smart controllers, 11.34% from smart product smart controllers, 9.82% from power tool smart controllers, 7.63% from automotive electronic smart controllers, 3.69% from microwave and millimeter-wave analog phased array T/R chips, and 2.10% from other sources [1] Group 2 - One fund under Huatai-PineBridge holds Heertai as a top ten position, with 9,800 shares of Heertai, accounting for 0.28% of the fund's net value, ranking as the seventh largest holding [2] - The Huatai-PineBridge fund, known as Zhongzheng 1000 (516300), was established on March 15, 2021, with a latest scale of 81.32 million CNY. It has achieved a year-to-date return of 28.76%, ranking 1918 out of 4220 in its category, and a one-year return of 66.38%, ranking 1246 out of 3824 [2]