资金流向方面，主力资金净流出1126.16万元，特大单买入3250.34万元，占比10.01%，卖出2357.54万 元，占比7.26%；大单买入6949.88万元，占比21.39%，卖出8968.84万元，占比27.61%。 资料显示，杭州炬华科技股份有限公司位于浙江省杭州市余杭区仓前街道仓兴街1099号，成立日期2006 年4月6日，上市日期2014年1月21日，公司主营业务涉及智慧计量与采集系统、智能电力终端及系统、 物联网智能水表、智能配用电产品及系统、智能充电设备、物联网传感器及配件等物联网产品和综合能 源服务解决方案。主营业务收入构成为：智慧计量与采集系统80.26%，物联网通讯、传感器及配件 9.11%，智能电力终端及系统5.11%，智能流量仪表及系统3.38%，智能配用电产品及系统1.26%，其他 0.89%。 炬华科技所属申万行业为：电力设备-电网设备-电工仪器仪表。所属概念板块包括：特高压、轨道交 通、智慧水务、充电桩、融资融券等。 炬华科技今年以来股价涨4.43%，近5个交易日涨3.53%，近20日涨14.21%，近60日涨14.14%。 1月12日，炬华科技盘中上涨2.02%，截至13 ...

1月9日，炬华科技跌0.89%，成交额5.36亿元。两融数据显示，当日炬华科技获融资买入额6219.38万 元，融资偿还9299.20万元，融资净买入-3079.82万元。截至1月9日，炬华科技融资融券余额合计4.92亿 元。 融资方面，炬华科技当日融资买入6219.38万元。当前融资余额4.91亿元，占流通市值的5.36%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，炬华科技1月9日融券偿还400.00股，融券卖出1.47万股，按当日收盘价计算，卖出金额26.17 万元；融券余量7.35万股，融券余额130.83万元，超过近一年90%分位水平，处于高位。 资料显示，杭州炬华科技股份有限公司位于浙江省杭州市余杭区仓前街道仓兴街1099号，成立日期2006 年4月6日，上市日期2014年1月21日，公司主营业务涉及智慧计量与采集系统、智能电力终端及系统、 物联网智能水表、智能配用电产品及系统、智能充电设备、物联网传感器及配件等物联网产品和综合能 源服务解决方案。主营业务收入构成为：智慧计量与采集系统80.26%，物联网通讯、传感器及配件 9.11%，智能电力终端及系统5.11%，智能流量仪表及系统 ...

Core Viewpoint - Juhua Technology's stock has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 8.613 billion yuan as of November 20 [1] Company Overview - Juhua Technology, established on April 6, 2006, and listed on January 21, 2014, is located in Hangzhou, Zhejiang Province. The company specializes in smart metering and collection systems, smart power terminals, IoT smart water meters, and other IoT products and comprehensive energy service solutions [2] - The revenue composition of Juhua Technology includes: smart metering and collection systems (80.26%), IoT communication, sensors, and accessories (9.11%), smart power terminals and systems (5.11%), smart flow meters and systems (3.38%), smart power distribution products and systems (1.26%), and others (0.89%) [2] - The company belongs to the Shenwan industry category of electric power equipment, specifically grid equipment and electrical instruments, and is associated with concepts such as small-cap stocks, virtual power plants, ultra-high voltage, smart grids, and power IoT [2] Financial Performance - For the period from January to September 2025, Juhua Technology reported operating revenue of 1.25 billion yuan, a year-on-year decrease of 19.14%, and a net profit attributable to shareholders of 480 million yuan, down 11.45% year-on-year [2] - Since its A-share listing, Juhua Technology has distributed a total of 1.157 billion yuan in dividends, with 664 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, Juhua Technology had 29,500 shareholders, an increase of 1.20% from the previous period, with an average of 16,941 circulating shares per shareholder, a decrease of 1.18% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 7.5674 million shares (a decrease of 7.8031 million shares from the previous period), and new entrant Huaxia CSI 1000 ETF, holding 1.9561 million shares [3]

11月14日，炬华科技跌5.12%，截至发稿，报17.96元/股，成交4.91亿元，换手率5.39%，总市值92.35亿 元。 截至发稿，陆杨累计任职时间2年114天，现任基金资产总规模3.19亿元，任职期间最佳基金回报 57.44%， 任职期间最差基金回报45.79%。 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 数据显示，鑫元基金旗下1只基金重仓炬华科技。鑫元专精特新混合A（015071）三季度持有股数43.62 万股，占基金净值比例为6.1%，位居第三大重仓股。根据测算，今日浮亏损失约42.31万元。 鑫元专精特新混合A（015071）成立日期2022年6月17日，最新规模9696.46万。今年以来收益35.99%， 同类排名2370/8140；近一年收益29.65%，同类排名2264/8056；成立以来亏损29.42%。 鑫元专精特新混合A（015071）基金经理为陆杨。 资料显示，杭州炬华科技股份有限公司位于浙江省杭州市余杭区仓前街道仓兴 ...

Group 1 - The core point of the news is that Juhua Technology's stock price has dropped by 5.18%, currently trading at 18.50 CNY per share, with a total market capitalization of 9.512 billion CNY [1] - Juhua Technology, established on April 6, 2006, and listed on January 21, 2014, specializes in smart metering and collection systems, smart power terminals, IoT smart water meters, and other IoT products, with the main business revenue composition being 80.26% from smart metering and collection systems [1] - The trading volume for Juhua Technology reached 1.863 billion CNY, with a turnover rate of 18.57% [1] Group 2 - Xinyuan Fund has one fund heavily invested in Juhua Technology, specifically the Xinyuan Specialized and Innovative Mixed A Fund (015071), which holds 436,200 shares, accounting for 6.1% of the fund's net value [2] - The Xinyuan Specialized and Innovative Mixed A Fund has a total scale of 96.9646 million CNY and has achieved a year-to-date return of 34.7% [2] - The fund manager, Lu Yang, has been in position for 2 years and 112 days, with the best fund return during his tenure being 54.38% [3]

Core Points - The stock of Juhua Technology fell by 5.18%, trading at 18.50 CNY per share, with a total transaction volume of 1.863 billion CNY and a turnover rate of 18.57%, resulting in a total market capitalization of 9.512 billion CNY [1] - Juhua Technology, established on April 6, 2006, and listed on January 21, 2014, specializes in smart metering and collection systems, smart power terminals and systems, IoT smart water meters, smart power distribution products and systems, smart charging equipment, IoT sensors and accessories, and comprehensive energy service solutions [1] - The revenue composition of Juhua Technology includes: smart metering and collection systems (80.26%), IoT communication, sensors, and accessories (9.11%), smart power terminals and systems (5.11%), smart flow meters and systems (3.38%), smart power distribution products and systems (1.26%), and others (0.89%) [1] Shareholder Information - Among the top ten circulating shareholders of Juhua Technology, one fund from Huaxia Fund ranks as a significant shareholder. The Huaxia CSI 1000 ETF (159845) entered the top ten in the third quarter, holding 1.9561 million shares, which accounts for 0.39% of the circulating shares [2] - The estimated floating loss for the Huaxia CSI 1000 ETF today is approximately 1.9757 million CNY [2] - The Huaxia CSI 1000 ETF was established on March 18, 2021, with a latest scale of 45.469 billion CNY. Year-to-date returns are 27.98%, ranking 1929 out of 4216 in its category; the one-year return is 15.96%, ranking 2386 out of 3937; and since inception, the return is 28.76% [2]

Core Viewpoint - Juhua Technology is a leading provider of energy IoT solutions in China, focusing on smart metering and intelligent power terminals, with a strong technical and full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Juhua Technology achieved revenue of 1.25 billion yuan, ranking 4th in the industry, surpassing the industry average of 1.144 billion yuan and the median of 582 million yuan [2] - The main business segment, smart metering and collection systems, generated 710 million yuan, accounting for 80.26% of total revenue [2] - The net profit for the same period was 488 million yuan, also ranking 4th in the industry, exceeding the industry average of 230 million yuan and the median of 120 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 14.42%, down from 16.98% year-on-year and significantly lower than the industry average of 30.70%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 43.36%, a decrease from 47.96% year-on-year but still above the industry average of 34.67%, reflecting strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.74% to 28,200, while the average number of circulating A-shares held per shareholder increased by 0.74% to 17,700 [5] - The top ten circulating shareholders included Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable changes in their holdings [5] Group 4: Executive Compensation - The chairman of the company, Yang Guang, received a salary of 1.5062 million yuan in 2024, an increase of 545,300 yuan compared to 2023 [4]

Core Insights - On October 22, Juhua Technology's stock fell by 1.52% with a trading volume of 127 million yuan, indicating a decline in investor confidence [1] - The company reported a net financing outflow of 274,900 yuan on the same day, with a total financing and securities balance of 461 million yuan, which is high compared to historical levels [1] Financing Summary - On October 22, Juhua Technology had a financing buy-in amount of 22.72 million yuan, with a current financing balance of 461 million yuan, representing 5.78% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] Securities Lending Summary - On the same day, Juhua Technology repaid 800 shares in securities lending and sold 900 shares, with a selling amount of 14,000 yuan based on the closing price [1] - The remaining securities lending volume was 39,400 shares, with a balance of 611,100 yuan, also exceeding the 90th percentile of the past year [1] Company Overview - Juhua Technology, established on April 6, 2006, and listed on January 21, 2014, specializes in smart metering and collection systems, smart power terminals, IoT smart water meters, and related products [2] - The company's revenue composition includes 80.26% from smart metering systems, 9.11% from IoT communications and sensors, and smaller contributions from other segments [2] Financial Performance - For the first half of 2025, Juhua Technology reported a revenue of 884 million yuan, a year-on-year decrease of 12.88%, while net profit attributable to shareholders increased by 1.00% to 344 million yuan [2] Shareholder Information - As of October 20, 2025, the number of shareholders increased by 1.58% to 28,700, with an average of 17,451 circulating shares per person, a decrease of 1.56% [2] - The company has distributed a total of 1.157 billion yuan in dividends since its A-share listing, with 664 million yuan distributed in the last three years [3]

Core Viewpoint - On October 20, Juhua Technology experienced a slight increase in stock price by 0.39%, with a trading volume of 118 million yuan, indicating active market participation and interest in the company's shares [1]. Financing Summary - On October 20, Juhua Technology had a financing buy-in amount of 17.43 million yuan and a financing repayment of 24.04 million yuan, resulting in a net financing outflow of 6.61 million yuan [1]. - As of October 20, the total financing and securities lending balance for Juhua Technology was 453 million yuan, which represents 5.65% of its circulating market value, indicating a high level of financing activity compared to the past year [1]. - The company had a securities lending repayment of 0 shares and a securities lending sell-out of 800 shares on the same day, with a sell-out amount of 12,500 yuan, while the securities lending balance was 313,600 yuan, exceeding the 70th percentile level over the past year [1]. Business Overview - Juhua Technology, established on April 6, 2006, and listed on January 21, 2014, is based in Hangzhou, Zhejiang Province. The company specializes in smart metering and collection systems, smart power terminals and systems, IoT smart water meters, smart power distribution products and systems, smart charging equipment, IoT sensors and accessories, and comprehensive energy service solutions [2]. - The main revenue composition of Juhua Technology includes smart metering and collection systems (80.26%), IoT communications, sensors, and accessories (9.11%), smart power terminals and systems (5.11%), smart flow meters and systems (3.38%), smart power distribution products and systems (1.26%), and other sources (0.89%) [2]. Financial Performance - For the first half of 2025, Juhua Technology reported a revenue of 884 million yuan, reflecting a year-on-year decrease of 12.88%, while the net profit attributable to shareholders increased by 1.00% to 344 million yuan [2]. - Since its A-share listing, Juhua Technology has distributed a total of 1.157 billion yuan in dividends, with 664 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, the number of shareholders for Juhua Technology was 28,200, a decrease of 0.74% from the previous period, with an average of 17,727 circulating shares per person, which increased by 0.74% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 15.3705 million shares, a decrease of 3.3479 million shares from the previous period, while the Southern CSI 1000 ETF entered as a new shareholder with 3.3343 million shares [3].

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Juhua Technology, indicating a mixed sentiment in the market with a slight increase in stock price and notable financing activities [1][2] - On September 5, Juhua Technology's stock rose by 1.50%, with a trading volume of 154 million yuan. The net financing buy was negative at 780,800 yuan, indicating more repayments than new purchases [1] - As of September 5, the total margin balance for Juhua Technology was 424 million yuan, accounting for 5.29% of its market capitalization, which is above the 90th percentile of the past year, suggesting a high level of margin activity [1] Group 2 - As of August 29, the number of shareholders for Juhua Technology was 27,600, a decrease of 1.53% from the previous period, while the average circulating shares per person increased by 1.56% to 18,155 shares [2] - For the first half of 2025, Juhua Technology reported a revenue of 884 million yuan, a year-on-year decrease of 12.88%, while the net profit attributable to shareholders increased by 1.00% to 344 million yuan [2] - Since its A-share listing, Juhua Technology has distributed a total of 1.157 billion yuan in dividends, with 664 million yuan distributed over the past three years [3]