Group 1 - On November 11, Jiusheng Electric's stock rose by 2.26%, with a trading volume of 382 million yuan. The financing buy amount was 35.84 million yuan, while the financing repayment was 47.67 million yuan, resulting in a net financing buy of -11.83 million yuan. The total financing and securities balance reached 141 million yuan [1] - As of November 11, Jiusheng Electric's financing balance was 141 million yuan, accounting for 2.99% of its circulating market value. This financing balance is above the 50th percentile level over the past year, indicating a relatively high position [1] - Jiusheng Electric's main business includes the research, production, sales, and service of fire-resistant special cables and power cables. The revenue composition is as follows: plastic insulated cables 44.51%, inorganic mineral insulated metal sheath cables 19.56%, power cables 18.88%, mineral insulated cables 12.48%, and others 4.57% [1] Group 2 - As of September 30, Jiusheng Electric had 22,900 shareholders, a decrease of 23.80% from the previous period. The average circulating shares per person increased by 31.24% to 9,149 shares [2] - For the period from January to September 2025, Jiusheng Electric achieved operating revenue of 1.833 billion yuan, a year-on-year increase of 32.89%. The net profit attributable to the parent company was 32.59 million yuan, reflecting a year-on-year growth of 61.10% [2] - Jiusheng Electric has distributed a total of 133 million yuan in dividends since its A-share listing, with 84.06 million yuan distributed over the past three years [3]

Group 1 - The core point of the news is that Jiusheng Electric experienced a decline of 5.01% in its stock price, reaching 20.28 CNY per share, with a trading volume of 263 million CNY and a turnover rate of 6.14%, resulting in a total market capitalization of 4.59 billion CNY [1] - Jiusheng Electric, established on May 19, 2004, and listed on October 27, 2021, is located in Huzhou, Zhejiang Province, and specializes in the research, production, sales, and service of fire-resistant special cables and power cables [1] - The revenue composition of Jiusheng Electric includes: plastic insulated cables (44.51%), inorganic mineral insulated metal sheath cables (19.56%), power cables (18.88%), mineral insulated cables (12.48%), and others (4.57%) [1] Group 2 - Among the top ten circulating shareholders of Jiusheng Electric, a fund under Dacheng Fund has entered the list, specifically the Dacheng CSI 360 Internet + Index A (002236), which holds 905,900 shares, accounting for 0.43% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund was established on February 3, 2016, with a latest scale of 788 million CNY, and has achieved a return of 39% this year, ranking 1249 out of 4216 in its category [2] - The fund has a one-year return of 40.96%, ranking 612 out of 3917, and a cumulative return since inception of 227.83% [2]

Core Viewpoint - Jiusong Electric, established in 2004 and listed in 2021, is a significant player in the domestic special cable sector, focusing on fire-resistant cables and holding multiple technology patents [1] Financial Performance - In Q3 2025, Jiusong Electric reported revenue of 1.833 billion, ranking 29th in the industry, significantly lower than the top competitor Baoshen Co. at 37.65 billion and the second competitor Far East Co. at 20.209 billion [2] - The company's net profit for the same period was 32.5855 million, also ranking 29th, far below the industry leader Dongfang Cable at 914 million and second place Jinbei Electric at 536 million [2] Financial Ratios - As of Q3 2025, Jiusong Electric's debt-to-asset ratio was 73.09%, an increase from 67.44% year-on-year, and above the industry average of 54.36% [3] - The gross profit margin for Q3 2025 was 12.04%, down from 12.55% year-on-year and below the industry average of 13.49% [3] Executive Compensation - The chairman and general manager, Zhang Jianhua, received a salary of 1.2093 million in 2024, a slight decrease from 1.214 million in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 23.80% to 22,900, while the average number of circulating A-shares held per shareholder increased by 31.24% to 9,149.13 [5]