Core Viewpoint - Longying Precision experienced a decline of 1.77% in stock price on November 11, with a trading volume of 2.154 billion yuan, indicating potential market volatility and investor sentiment shifts [1] Financing Summary - On November 11, Longying Precision had a financing buy-in amount of 424 million yuan and a financing repayment of 418 million yuan, resulting in a net financing buy of 5.53 million yuan [1] - As of November 11, the total financing and securities lending balance for Longying Precision was 3.235 billion yuan, with the financing balance at 3.205 billion yuan, accounting for 6.96% of the circulating market value, which is above the 90th percentile level over the past year [1] - In terms of securities lending, 3,100 shares were repaid and 8,300 shares were sold on November 11, with a selling amount of 281,000 yuan, while the remaining securities lending volume was 874,500 shares, with a balance of 29.6018 million yuan, also exceeding the 90th percentile level over the past year [1] Company Overview - Longying Precision, established on July 17, 2001, and listed on September 2, 2010, is located in Bao'an District, Shenzhen, Guangdong Province, specializing in the development, production, and sales of electronic connectors, smart electronic products, new energy vehicle connectors, and modules, among others [2] - The revenue composition of Longying Precision includes: 41.16% from consumer electronics precision structural components and modules, 34.04% from new energy product components and connectors, 20.28% from electronic connectors and smart electronic products, and 4.07% from other sources [2] - For the period from January to September 2025, Longying Precision achieved a revenue of 13.51 billion yuan, representing a year-on-year growth of 11.68%, while the net profit attributable to the parent company was 468 million yuan, reflecting a year-on-year decrease of 21.25% [2] Dividend and Shareholding Information - Since its A-share listing, Longying Precision has distributed a total of 1.023 billion yuan in dividends, with 176 million yuan distributed over the past three years [3] - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 27.2122 million shares, an increase of 18.0729 million shares from the previous period [3] - The third-largest circulating shareholder is E Fund's ChiNext ETF, holding 20.0956 million shares, which decreased by 3.3704 million shares from the previous period [3]

Group 1 - The core viewpoint of the news is the performance and business profile of Changying Precision, which saw a stock price increase of 5.54% to 27.26 CNY per share, with a total market capitalization of 37.082 billion CNY [1] - Changying Precision, established on July 17, 2001, and listed on September 2, 2010, specializes in the development, production, and sales of electronic connectors, precision components for smart electronics, connectors and modules for new energy vehicles, and components for consumer electronics [1] - The revenue composition of Changying Precision includes 41.16% from precision components for consumer electronics, 34.04% from new energy product components and connectors, 20.28% from electronic connectors and precision components for smart electronics, and 0.44% from robotics and industrial internet [1] Group 2 - Among the top ten circulating shareholders of Changying Precision, E Fund's Chuangye ETF (159915) entered the list in the second quarter, holding 23.466 million shares, which is 1.73% of the circulating shares, with an estimated floating profit of approximately 33.5564 million CNY [2] - The E Fund Chuangye ETF (159915) was established on September 20, 2011, with a current scale of 85.537 billion CNY, achieving a year-to-date return of 44.74% and a one-year return of 101.69% [2]

Group 1 - The core issue involves Changying Precision's failure to timely disclose related party transactions amounting to 42.46 million yuan, which represents 0.73% of the company's audited net assets as of the end of 2023 [2] - The Shenzhen Stock Exchange has pointed out that Changying Precision's actions violate regulations and has urged the board to take the matter seriously, rectify the issue promptly, and prevent recurrence [2] - The board members are reminded to ensure that information disclosure is truthful, accurate, complete, and free from false records, misleading statements, or significant omissions, and they bear individual and joint responsibility [2] Group 2 - In the 2024 annual report, Changying Precision reported a revenue of 16.934 billion yuan, reflecting a year-on-year growth of 23.40% [4] - The net profit attributable to shareholders reached 772 million yuan, showing a remarkable increase of 800.24% year-on-year, while the non-recurring net profit attributable to shareholders surged by 2750.70% to 531 million yuan [4] - The basic earnings per share for the company stood at 0.60 yuan [4]