北京商报讯（记者 魏蔚）11月25日，速腾聚创发布的最新财报显示，2025年三季度营收4.07亿元，同比 减少0.2%，来自于产品的营收3.87亿元，其中用于ADAS的产品营收2.45亿元，用于机器人及其他的营 收1.42亿元；解决方案板块营收1194.5万元；服务及其他贡献营收802.8万元。同期，速腾聚创经调整净 亏损6457.3万元，同比收窄7%。 ...

嘉实润泽量化定期混合（005167）成立日期2018年1月19日，最新规模3325.72万。今年以来收益 17.44%，同类排名4014/8136；近一年收益19.66%，同类排名3816/8058；成立以来收益16.99%。 嘉实润泽量化定期混合（005167）基金经理为赖礼辉。 11月25日，星环科技涨5.04%，截至发稿，报71.91元/股，成交3.23亿元，换手率4.93%，总市值87.11亿 元。 资料显示，星环信息科技(上海)股份有限公司位于上海市徐汇区虹漕路88号3楼、B栋11楼,香港铜锣湾 勿地臣街1号时代广场2座31楼，成立日期2013年6月5日，上市日期2022年10月18日，公司主营业务涉及 公司是一家企业级大数据基础软件开发商,围绕数据的集成、存储、治理、建模、分析、挖掘和流通等 数据全生命周期提供基础软件及服务。主营业务收入构成为：软件产品与技术服务72.84%，解决方案 22.37%，软硬一体产品及服务4.49%，其他业务收入0.30%。 从基金十大重仓股角度 数据显示，嘉实基金旗下1只基金重仓星环科技。嘉实润泽量化定期混合（005167）三季度持有股数 5000股，与上期相比持股 ...

资金流向方面，主力资金净流出249.69万元，特大单买入0.00元，占比0.00%，卖出231.46万元，占比 23.20%；大单买入319.91万元，占比32.06%，卖出338.14万元，占比33.89%。 截至11月10日，慧辰股份股东户数5337.00，较上期减少10.02%；人均流通股13737股，较上期增加 11.13%。2025年1月-9月，慧辰股份实现营业收入3.15亿元，同比增长16.35%；归母净利润-4316.01万 元，同比增长29.49%。 分红方面，慧辰股份A股上市后累计派现742.75万元。近三年，累计派现0.00元。 慧辰股份今年以来股价涨90.09%，近5个交易日跌8.04%，近20日跌10.68%，近60日跌10.07%。 今年以来慧辰股份已经2次登上龙虎榜，最近一次登上龙虎榜为8月6日，当日龙虎榜净买入5870.61万 元；买入总计1.23亿元 ，占总成交额比20.30%；卖出总计6430.49万元 ，占总成交额比10.61%。 资料显示，北京慧辰资道资讯股份有限公司位于北京市朝阳区酒仙桥北路甲10号院102号楼6层，成立日 期2008年11月14日，上市日期2020年7 ...

Core Points - Longxin Zhongke's stock price decreased by 2.00% on November 12, trading at 130.33 CNY per share with a market capitalization of 52.262 billion CNY [1] - The company experienced a net outflow of 23.383 million CNY in principal funds, with significant selling pressure observed [1] - Year-to-date, the stock has declined by 1.47%, with a notable drop of 11.04% over the past 20 trading days [1] Company Overview - Longxin Zhongke Technology Co., Ltd. was established on March 5, 2008, and went public on June 24, 2022 [1] - The company specializes in the research, sales, and services of processors and supporting chips, with revenue composition as follows: 47.09% from information technology chips, 35.82% from industrial control chips, and 17.09% from solutions [1] - The company is classified under the electronic-semiconductor-digital chip design industry and is associated with concepts such as DeepSeek, Xinchuang, robotics, operating systems, and semiconductors [1] Financial Performance - As of September 30, 2025, Longxin Zhongke reported a revenue of 351 million CNY, reflecting a year-on-year growth of 13.94%, while the net profit attributable to shareholders was -394 million CNY, a decrease of 14.89% year-on-year [2] - The number of shareholders increased by 25.97% to 28,200, while the average circulating shares per person decreased by 20.62% [2] - Notably, Hong Kong Central Clearing Limited entered the top ten circulating shareholders with a holding of 6.2578 million shares [2]

Summary of Longxin Zhongke Conference Call Company Overview - **Company**: Longxin Zhongke - **Industry**: Semiconductor and CPU manufacturing Key Financial Metrics - **Revenue Growth**: Revenue for the first three quarters of 2025 reached 350 million yuan, a year-on-year increase of 13.4% [3] - **Industrial Control Chip Revenue**: 125 million yuan, up 68.83% year-on-year [3] - **Information Technology Chip Revenue**: 165 million yuan, a 15.7% increase [3] - **Solution Revenue**: 60 million yuan, down approximately 33% [3] - **Gross Margin**: - Industrial control chips: 64.81%, up 50% year-on-year [3] - Information technology chips: 23.83%, up 0.81 percentage points [3] - Solutions: 46%, an increase of 22 percentage points [3] - **Net Profit**: Loss of 390 million yuan, a decrease of 510 million yuan year-on-year [3] - **Operating Cash Flow**: Decreased by 447 million yuan, down 180 million yuan year-on-year [3] Strategic Initiatives - **Platform and Quality Focus**: The company adheres to a "platform-based, quality-first" strategy while promoting both policy-driven and open markets [2][5] - **Product Development**: Continuous improvement of the Longxin architecture software ecosystem and development of next-generation products [2][5] - **Market Expansion**: Plans to consolidate the desktop CPU market and expand into business system applications, particularly in server CPU applications [2][7] Product and Market Performance - **Industrial Control Sector**: Sales in this sector are expected to double to 180 million yuan in 2025, with a strong performance in key industries such as high-speed rail and nuclear power [4][14] - **New Product Launches**: The new "Qiaopian" product is anticipated to enhance profitability in the information technology sector [2][8] - **Competitive Advantage**: The "Three Swordsmen" and "Three Elite Soldiers" product lines are gaining traction in government tenders due to their cost-performance advantages [2][6] Future Outlook - **Growth Cycle**: The period from 2025 to 2027 is seen as a critical growth phase for the company [7] - **Sales Strategy Adjustment**: Aiming to enhance sales strategies to improve profitability and sustainable development [7][8] - **Collaboration with Major Enterprises**: Strengthening partnerships with leading companies to ensure stable growth [8] Research and Development - **R&D Investment**: 375 million yuan invested in R&D in the first three quarters of 2025, with a focus on developing 10 key terminal and server products over the next three years [4][15] - **New Chip Development**: Ongoing development of next-generation chips, including low-cost and high-performance options [18][21] Software Ecosystem Development - **Ecosystem Building**: Focus on overcoming software ecosystem barriers and enhancing compatibility with various applications [11][22] - **Open Source Community Engagement**: Active maintenance and optimization of open-source communities related to Longxin architecture [22][24] Unique Advantages - **Compatibility and Performance**: Longxin architecture has surpassed x86 and ARM platforms in peripheral driver and browser compatibility, facilitating easier migration of existing applications [24] Conclusion Longxin Zhongke is positioned for growth with a strong focus on product development, market expansion, and strategic partnerships, despite facing challenges in profitability and cash flow. The company's commitment to R&D and software ecosystem development is expected to drive future success in the semiconductor industry.

Core Viewpoint - The company, Starry Technology, is a leading enterprise-level big data software developer in China, facing challenges in revenue and profitability compared to industry leaders [1][2]. Group 1: Company Overview - Starry Technology was established on June 5, 2013, and went public on October 18, 2022, on the Shanghai Stock Exchange, with its headquarters in Shanghai [1]. - The company focuses on providing foundational software and services throughout the data lifecycle, operating within the computer software development sector, particularly in big data and artificial intelligence [1]. Group 2: Financial Performance - For Q3 2025, the company's revenue was 225 million yuan, ranking 25th out of 35 in the industry, significantly lower than the top competitor, iFlytek, which reported 16.989 billion yuan [2]. - The company's net profit for the same period was -213 million yuan, placing it 29th in the industry, again trailing behind leading firms like Kingsoft Office and Fanwei Network [2]. - The main business revenue composition includes software products and technical services at 111 million yuan (72.84%), solutions at 34.11 million yuan (22.37%), and integrated products and services at 6.84 million yuan (4.49%) [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 23.76%, an increase from 19.17% year-on-year, which is lower than the industry average of 29.42%, indicating relatively good debt repayment capability [3]. - The gross profit margin for Q3 2025 was 47.49%, down from 55.75% year-on-year, and below the industry average of 63.59%, suggesting a need for improvement in profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.11% to 10,800, while the average number of circulating A-shares held per shareholder decreased by 1.09% to 8,706 [5]. - The top ten circulating shareholders included a new entry, Huabao Zhongzheng Financial Technology Theme ETF, holding 1.4776 million shares [5]. Group 5: Business Highlights and Future Outlook - In H1 2025, the company reported revenue of 153 million yuan, an increase of 8.82% year-on-year, with a 25.24% reduction in net loss [5]. - Key business highlights include securing 30 million yuan in orders related to large models across various industries, launching a new generation of AI infrastructure, and collaborating with Hong Kong Broadband for enterprise digital transformation [6]. - Forecasts for 2025 to 2027 project revenues of 427 million, 503 million, and 610 million yuan, with net losses expected to narrow over the same period [5][6].

Core Viewpoint - The financial performance of Puyuan Precision Technology (stock code: 688337) in the third quarter of 2025 shows a mixed trend, with revenue growth but significant declines in profit margins and net income, indicating potential challenges ahead for the company [2][3]. Financial Data Summary - The company's operating revenue for the first three quarters of 2025 reached CNY 597.39 million, an increase of 11.68% year-on-year [3][22]. - The total profit for the same period was CNY 36.77 million, down 25.43% compared to the previous year [2][22]. - Net profit attributable to shareholders decreased by 32.38% to CNY 40.66 million [2][22]. - The basic earnings per share for the third quarter was CNY 0.13, a decrease of 53.57% year-on-year [2][13]. Revenue Analysis - Sales revenue from self-developed core technology platform products increased by 21.26%, accounting for 46.49% of total sales [3][4]. - High-end digital oscilloscope products (bandwidth ≥2GHz) contributed significantly, with sales revenue growing by 104.02% [4]. - The MHO/DHO series high-resolution digital oscilloscopes saw a sales revenue increase of 25.75% [5]. - Revenue from solutions, including accessory products and services, grew by 22.71% [6]. Profitability Analysis - The overall gross margin for the first three quarters was 55.00%, down 3.44 percentage points year-on-year, primarily due to increased manufacturing costs and market competition [7]. - Research and development expense ratio increased to 28.43%, impacting net profit [8]. Non-Recurring Gains and Losses - Non-recurring gains included government subsidies amounting to CNY 302,972, while losses from asset disposals totaled CNY -3,682.33 [11][12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,894, with the largest shareholder holding 32.94% of the shares [16][18]. - The actual controller of the company is Wang Yue, who, along with associated parties, controls a total of 6.10% of the shares [17]. Cash Flow Analysis - The net cash flow from operating activities for the first three quarters was -CNY 2.83 million, a significant decline compared to the previous year [25].

Group 1 - The core viewpoint of the news is that Longxin Technology Co., Ltd. has shown fluctuations in stock performance, with a recent increase in share price and notable changes in shareholder structure and financial performance [1][2]. Group 2 - As of October 30, Longxin's stock price increased by 2.02% to 143.33 CNY per share, with a trading volume of 484 million CNY and a market capitalization of 57.475 billion CNY [1]. - Year-to-date, Longxin's stock price has risen by 8.35%, with a 5-day increase of 5.23%, a 20-day decrease of 11.75%, and a 60-day increase of 9.37% [1]. - The company reported a revenue of 351 million CNY for the first nine months of 2025, representing a year-on-year growth of 13.94%, while the net profit attributable to shareholders was -39.4 million CNY, a decrease of 14.89% year-on-year [2]. - The main business revenue composition includes 47.09% from information technology chips, 35.82% from industrial control chips, and 17.09% from solutions [1]. - As of September 30, the number of Longxin's shareholders increased by 25.97% to 28,200, while the average circulating shares per person decreased by 20.62% to 14,203 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as a new shareholder with 6.2578 million shares, while Huaxia SSE STAR 50 ETF has exited the top ten list [2].

Group 1 - The core point of the news is that Xinghuan Technology's stock price dropped by 5.05% to 59.20 CNY per share, with a trading volume of 247 million CNY and a turnover rate of 4.35%, resulting in a total market capitalization of 7.171 billion CNY [1] - Xinghuan Technology, established on June 5, 2013, and listed on October 18, 2022, is a developer of enterprise-level big data infrastructure software, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main business revenue composition includes software products and technical services at 72.84%, solutions at 22.37%, integrated hardware and software products and services at 4.49%, and other business revenue at 0.30% [1] Group 2 - From the perspective of major fund holdings, the Guoxin Guozheng Fund has a significant position in Xinghuan Technology, with the Guoxin Guozheng New Star A fund holding 60,000 shares, accounting for 2.66% of the fund's net value, ranking as the ninth largest holding [2] - The Guoxin Guozheng New Star A fund, established on April 15, 2015, has a latest scale of 117 million CNY, with a year-to-date return of 36.25%, ranking 2352 out of 8155 in its category, and a one-year return of 35.8%, ranking 1958 out of 8031 [2]

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has seen a significant increase of 5.26%, reaching a price of 55.48 CNY per share, with a total market capitalization of 6.721 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main business revenue composition includes software products and technical services at 72.84%, solutions at 22.37%, integrated hardware and software products and services at 4.49%, and other business income at 0.30% [1] Group 2 - From the perspective of fund holdings, one fund under Jiashi Fund has a significant position in Xinghuan Technology, specifically Jiashi Runze Quantitative Regular Mixed Fund (005167), which held 5,000 shares in the second quarter, unchanged from the previous period [2] - The Jiashi Runze Quantitative Regular Mixed Fund has a net asset value proportion of 0.78% in Xinghuan Technology, ranking as the tenth largest holding in the fund [2] - The fund has achieved a year-to-date return of 18.28% and a one-year return of 20.23%, with a total fund size of 30.0684 million CNY [2]