（原标题：生产线上做科研，头部职校探路科教融汇丨2025职教拐点⑤） 南方财经记者伍素文 实习生姜语锌 广州报道 "晚上八点多，我这一排办公室几乎都亮着灯，这是我们每天都会经历的日常。"广东一所高职院校的青 年教师张强对南方财经记者说。 从985高校毕业后，张强就进入目前所在的学校，几年时间就参与成立了多个所在专业不同方向的研究 院。他的团队有许多是跟他一样博士毕业的老师，白天在产线上做实验，晚上回到办公室继续埋案工 作。 这些年，和张强一样以教学和科研并重的教师越来越多了。"科研"这个常与研究型大学搭配的词汇，如 今愈加频繁地出现在职业院校的成绩单上。 2025年全球前2%顶尖科学家榜单中22所高职榜上有名，2025年国家自然科学基金申请项目评审中多所 高职院校宣布获得历史突破......科研能力正成为高水平职业院校的重要考察维度。好的高职院校，不仅 要教好技能，也要搞好科研、科教融汇。 事实上，对于高职院校要不要搞科研、搞怎样的科研，社会上一直众说纷纭。但随着技术与科学交织相 融，现代产业问题越来越需要跨学科交叉融合创新，职业教育要搞科研已在业内形成了共识。尤其是日 渐成规模的职业本科，更是承担着科教融汇 ...

Core Viewpoint - Puhua Technology's stock has experienced fluctuations, with a recent decline of 2.05%, while the company has shown a year-to-date increase of 27.11% in stock price [1] Financial Performance - For the period from January to September 2025, Puhua Technology reported revenue of 3.152 billion yuan, a year-on-year decrease of 7.82%, and a net profit attributable to shareholders of 17.5567 million yuan, down 3.80% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 490 million yuan, with 130 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Puhua Technology is 28,800, a decrease of 7.01% from the previous period, while the average circulating shares per person increased by 7.54% to 23,639 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 20.1067 million shares, an increase of 4.9016 million shares from the previous period [3] Business Overview - Puhua Technology, established in November 1994 and listed in January 2011, is based in Guangzhou and specializes in information network construction services, communication circuit board production, and various communication solutions [1] - The company's main business revenue composition includes public communication (36.06%), private communication and smart applications (35.41%), and intelligent manufacturing (28.53%) [1] Market Activity - As of November 19, 2023, Puhua Technology's stock price is 27.23 yuan per share, with a market capitalization of 18.531 billion yuan and a trading volume of 110 million yuan [1] - The stock has seen a recent net outflow of 9.1663 million yuan in principal funds, with significant selling pressure compared to buying [1]

Core Points - Puhua Technology's stock price decreased by 2.01% on November 14, trading at 26.84 CNY per share with a market capitalization of 18.266 billion CNY [1] - The company has seen a year-to-date stock price increase of 25.29%, but a recent decline of 2.15% over the last five trading days [1] - As of September 30, 2025, Puhua Technology reported a revenue of 3.152 billion CNY, a year-on-year decrease of 7.82%, and a net profit of 17.557 million CNY, down 3.80% year-on-year [2] Financial Performance - The company has a total market capitalization of 18.266 billion CNY and a trading volume of 42.3759 million CNY on November 14 [1] - The main business revenue breakdown includes: public communication (36.06%), private network communication and smart applications (35.41%), and intelligent manufacturing (28.53%) [1] - Cumulative cash dividends since the A-share listing amount to 490 million CNY, with 130 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 7.01% to 28,800, while the average number of circulating shares per person increased by 7.54% to 23,639 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.9016 million shares to 20.1067 million shares [3]

Company Overview - Weijia Technology was established on April 18, 2007, and is a provider of digital intelligent high-end specialized equipment, integrating R&D, manufacturing, sales, and services [3] - The company focuses on precision CNC, intelligent manufacturing, robotics, industrial lasers, visual inspection, structural and software design [3] IPO History - Weijia Technology submitted its application for an IPO on the ChiNext board in September 2021 and was accepted, undergoing three rounds of review and inquiry responses [2] - In September 2022, the company withdrew its IPO application due to not meeting issuance conditions, listing conditions, or information disclosure requirements [2] Financial Performance - The company's revenue for the years 2019, 2020, and 2021 was 230 million, 481 million, and 798 million yuan respectively [4] - The net profit for the same years was 15.636 million, 55.53 million, and 93.278 million yuan respectively [4] Shareholding Structure - Qiu Sijun directly holds 36.72% of the company's shares and controls 51.26% of the voting rights through various management centers [4] - Qiu Sijun is the chairman and general manager of the company, born in October 1971, with a diploma in electronic engineering [4]

Core Viewpoint - The company, Jingcheng Shares (600860.SH), primarily engages in equipment manufacturing, focusing on gas storage and transportation equipment as well as intelligent manufacturing. The company has not invested in Xiaomi Robotics or Tiangong Robotics [1]. Company Overview - The main business of the company is equipment manufacturing [1]. - Key products include gas storage and transportation equipment and intelligent manufacturing solutions [1]. Investment Activity - The company has confirmed that it has not made investments in Xiaomi Robotics or Tiangong Robotics [1].

Group 1 - Nanjing Panda (SH 600775) announced on November 7 that its 11th board meeting was held, where the proposal to cancel the supervisory board and abolish the "Supervisory Meeting Rules" was reviewed [1] - For the first half of 2025, Nanjing Panda's revenue composition was as follows: Smart City accounted for 53.7%, Electronic Manufacturing Products for 46.55%, and Intelligent Manufacturing for 4.08%, with inter-segment elimination at -4.33% [1] - As of the report date, Nanjing Panda's market capitalization was 11.1 billion yuan [1] Group 2 - The domestic art insurance market, valued at 4.8 billion yuan, faces challenges as insurers find pricing difficult, indicating a lack of optimism in the sector [1]

Core Viewpoint - Jingpin Special Equipment experienced a decline of 5.09% on October 17, with a stock price of 87.89 yuan per share and a total market capitalization of 6.65 billion yuan [1] Company Overview - Beijing Jingpin Special Equipment Technology Co., Ltd. was established on July 9, 2009, and went public on December 8, 2022. The company specializes in the research, production, and sales of optoelectronic reconnaissance equipment and military robots [1] - The revenue composition of the company includes: special robots (39.03%), intelligent manufacturing (23.71%), simulation and emulation (18.99%), intelligent sensing equipment (16.16%), technical services (2.10%), and others (0.02%) [1] Shareholder Information - Among the top ten circulating shareholders of Jingpin Special Equipment, one fund under China Europe Fund, the China Europe Industry Outlook Mixed A (012390), entered the top ten in the second quarter, holding 880,000 shares, which accounts for 2.49% of the circulating shares. The estimated floating loss today is approximately 4.14 million yuan [2] - The China Europe Industry Outlook Mixed A fund was established on June 16, 2021, with a latest scale of 1.466 billion yuan. Year-to-date returns are 15.99%, ranking 4992 out of 8160 in its category, while the one-year return is 24.69%, ranking 3899 out of 8021. Since its inception, it has incurred a loss of 25.42% [2] Fund Manager Information - The fund manager of China Europe Industry Outlook Mixed A is Li Shuai, who has been in the position for 10 years and 86 days. The total asset scale of the fund is 4.479 billion yuan, with the best fund return during his tenure being 101.5% and the worst being -28.16% [3][5] Fund Holdings - The China Europe High-end Equipment Stock Initiation A (016847) fund has increased its holdings in Jingpin Special Equipment by 370,100 shares in the second quarter, bringing its total to 500,100 shares, which constitutes 5.22% of the fund's net value. The estimated floating loss today is approximately 2.36 million yuan [4] - This fund was established on November 14, 2022, with a latest scale of 170 million yuan. Year-to-date returns are 28.83%, ranking 1742 out of 4218 in its category, while the one-year return is 29.35%, ranking 1999 out of 3865. Since its inception, the fund has achieved a return of 8.41% [4]

Event Overview - The 23rd Guangzhou International Auto Show will be held from November 21-24, 2025, at the Guangzhou Import and Export Fair Complex, covering a total area of 240,000 square meters [2] - Over 90 mainstream car manufacturers and 12,000 journalists are expected to attend, with an estimated audience of over 800,000 from various industries [2] Event Activities - The Shenzhen Automotive Electronics Industry Association will host a "1v1 Innovation Product Technology Matching Conference" during the event, aimed at facilitating communication between vehicle manufacturers and Tier 1 suppliers [2] - The conference will help automotive electronic companies understand the latest demands and trends from OEMs, allowing them to align their product strategies effectively [2] Product and Technology Focus - The event will cover a wide range of product and technology areas, including intelligent chassis, smart cockpits, advanced driver assistance systems (ADAS), new energy technologies, and various electronic components [4] - The 1v1 matching format will allow for direct communication between R&D and procurement leaders from automotive manufacturers and Tier 1 suppliers, enhancing the efficiency of information exchange [3] Target Participants - The event aims to invite various OEMs and Tier 1 suppliers, including notable companies such as Huawei, Baidu, and Valeo, among others [7]

Core Insights - The stock of Jingpin Special Equipment experienced a decline of 2.43% on October 10, with a trading volume of 122 million yuan [1] - The company reported a significant increase in revenue and a net loss for the first half of 2025, indicating growth potential despite current financial challenges [2] Financing and Trading Activity - On October 10, Jingpin Special Equipment had a financing buy amount of 8.56 million yuan and a net financing outflow of 2.82 million yuan, with a total financing balance of 92.42 million yuan [1] - The financing balance represents 2.81% of the circulating market value, which is above the 70th percentile of the past year, indicating a high level of financing activity [1] - The company had no short selling activity on October 10, with a short balance of 0.595 million yuan, also above the 80th percentile of the past year [1] Company Overview - Jingpin Special Equipment, established on July 9, 2009, and listed on December 8, 2022, specializes in the research, production, and sales of optoelectronic reconnaissance equipment and military robots [1] - The company's revenue composition includes special robots (39.03%), intelligent manufacturing (23.71%), simulation (18.99%), intelligent sensing equipment (16.16%), technical services (2.10%), and others (0.02%) [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 25.81% to 4,343, while the average circulating shares per person decreased by 23.80% to 8,133 shares [2] - The company has distributed a total of 37.67 million yuan in dividends since its A-share listing [3] - Notable institutional shareholders include GF Small and Medium Cap Selected Mixed Fund, which increased its holdings by 14.59 million shares, and new entrants such as China Europe Industry Forward Mixed Fund and Huaxia CSI Robot ETF [3]

Core Viewpoint - The news highlights the significant advancements in vocational education in Dezhou during the "14th Five-Year Plan" period, emphasizing the integration of education with industry to enhance talent development and meet local economic needs [3][4][6]. Group 1: Vocational Education Development - The vocational education sector in Dezhou has aligned its professional offerings with the demands of the local economy, focusing on seven leading industries and 11 key industrial chains. A total of 109 outdated programs have been eliminated, while 76 new programs in high-demand areas such as new energy equipment technology and smart manufacturing have been introduced [3][4]. - The establishment of a dynamic adjustment mechanism for professional settings has improved the relevance of vocational training to industry needs, resulting in a more streamlined and targeted approach to talent cultivation [3][4]. Group 2: Industry-Education Integration - Dezhou has expanded the depth and breadth of industry-education integration through various school-enterprise cooperation models, establishing partnerships with over a hundred well-known companies, including JD.com, Huawei, and BYD. This has led to the creation of 17 industrial colleges and 94 training bases [4]. - The innovative "factory-school integration" model has received national recognition, marking a significant achievement in vocational education. Additionally, Dezhou has initiated 11 local industry-education joint ventures, with three recognized at the provincial level, fostering a collaborative ecosystem [4]. Group 3: Social Service Function of Vocational Education - Vocational schools in Dezhou have enhanced their role as engines for technical services and skill improvement, conducting over 45,000 training sessions annually for employees and the community. They have also provided nearly a thousand technical consulting and technology service events [6]. - In 2024, the vocational education sector aims to promote the transformation of 133 technological achievements, generating a contract value of 175 million yuan, thereby directly contributing to technological innovation and process upgrades in local enterprises [6].