Core Viewpoint - Qinsun Co., Ltd. is a leading supplier of semiconductor lighting products and comprehensive solutions, facing challenges in revenue and profitability compared to industry peers [1][2]. Group 1: Company Overview - Qinsun Co., Ltd. was established on November 7, 1994, and listed on the Shenzhen Stock Exchange on November 25, 2011, with its registered and office address in Dongguan, Guangdong Province [1]. - The company specializes in semiconductor lighting, focusing on smart lighting, outdoor lighting, landscape lighting, and outdoor courtyard products [1]. Group 2: Financial Performance - For Q3 2025, Qinsun's revenue was 311 million yuan, ranking 13th among 14 companies in the industry, while the industry leader, Foshan Lighting, reported revenue of 6.532 billion yuan [2]. - The company's net profit for the same period was -179 million yuan, placing it last in the industry, with the top performer, Opple Lighting, achieving a net profit of 578 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Qinsun's debt-to-asset ratio was 11.47%, an increase from 10.31% year-on-year, significantly lower than the industry average of 35.11% [3]. - The company's gross profit margin for Q3 2025 was 17.39%, up from 13.62% year-on-year, but still below the industry average of 26.32% [3]. Group 4: Executive Compensation - The chairman and general manager, Li Junfeng, received a salary of 1.1732 million yuan in 2024, an increase of 667,200 yuan from 2023 [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.12% to 36,600, while the average number of circulating A-shares held per shareholder increased by 5.39% to 36,800 [5].

Group 1 - The core point of the news is that Qinsun Co., Ltd. has seen a stock price increase of 5.22%, reaching 2.82 CNY per share, with a total market capitalization of 4.051 billion CNY [1] - Qinsun Co., Ltd. specializes in semiconductor lighting, focusing on smart lighting, outdoor lighting, landscape lighting, and outdoor courtyard products, and has established itself as a leading supplier in the industry [1] - The company's revenue composition includes outdoor courtyard products at 74.25%, outdoor lighting at 18.99%, landscape lighting at 4.97%, display screens and others at 1.78%, and indoor lighting at 0.01% [1] Group 2 - Hai Fu Tong Fund has a significant holding in Qinsun Co., Ltd., with its Hai Fu Tong Quantitative Stock Mixed A Fund holding 30,100 shares, representing 0.69% of the fund's net value [2] - The Hai Fu Tong Quantitative Stock Mixed A Fund has achieved a year-to-date return of 28.33%, ranking 2800 out of 8161 in its category [2] - The fund manager, Li Ziwu, has a tenure of 2 years and 244 days, with the best fund return during this period being 75.25% [3]

Group 1 - The core viewpoint of the news is that Qunshang Co., Ltd. has experienced a significant stock price increase, with a 5.02% rise on September 18, reaching 2.72 CNY per share, and a total market capitalization of 3.908 billion CNY [1] - Qunshang Co., Ltd. specializes in semiconductor lighting, focusing on smart lighting, outdoor lighting, landscape lighting, and outdoor courtyard products, and has established itself as a leading supplier in the industry [1] - The company's revenue composition includes outdoor courtyard products (74.25%), outdoor lighting (18.99%), landscape lighting (4.97%), display screens and others (1.78%), and indoor lighting (0.01%) [1] Group 2 - Hai Futong Fund holds a significant position in Qunshang Co., Ltd., with its Hai Futong Quantitative Stock Mixed A Fund (021655) holding 30,100 shares, accounting for 0.69% of the fund's net value, making it the fifth-largest holding [2] - The Hai Futong Quantitative Stock Mixed A Fund has achieved a year-to-date return of 29.34% and a one-year return of 36.04%, ranking 3083 out of 8172 and 4765 out of 7980 respectively [2] - The fund manager, Li Ziw, has been in charge for 2 years and 217 days, with the fund's total asset size at 2.92 million CNY and a best return of 75.65% during his tenure [3]