据人民财讯12月10日，海光信息与中科曙光（603019）分别召开了终止重大资产重组投资者说明会，海 光信息高管指出，交易双方的二级市场股价相比预案时发生了较大变化。特别是自8月中旬以来，受国 内国际环境变化、A股市场整体走势、AI产业热度变化及市场预期等复杂因素的影响，吸并双方股价开 始了整体上涨并呈现较大波动的态势。基于审慎性考虑，决定终止本次交易事项。另外，两家企业将基 于各自的核心的定位与竞争力，在保持上市公司独立性的基础上加强战略协同。其中，海光信息聚焦 CPU、DCU芯片，中科曙光在超节点算力、科学大模型开发平台、集群系统等前沿技术上与海光信息 开展更深入的合作。 ...

Core Viewpoint - Hainengda's stock price has experienced a decline of 16.40% year-to-date, with recent trading showing mixed performance, indicating potential volatility in the market [1][2]. Group 1: Stock Performance - On November 26, Hainengda's stock fell by 2.06%, trading at 11.88 CNY per share, with a total transaction volume of 3.61 billion CNY and a turnover rate of 2.36%, resulting in a total market capitalization of 216.05 billion CNY [1]. - Year-to-date, Hainengda's stock has decreased by 16.40%, with a 3.39% increase over the last five trading days and a 4.58% increase over the last 20 days, while it has dropped by 13.91% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Hainengda reported a revenue of 3.746 billion CNY, representing a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 186 million CNY, down 26.00% year-on-year [2]. - The company has cumulatively distributed 309 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Hainengda had 257,200 shareholders, a decrease of 11.45% from the previous period, with an average of 4,987 circulating shares per shareholder, an increase of 12.94% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 13.6172 million shares (down 35.09% from the previous period), and several ETFs with varying changes in shareholding [3].

11月25日，海能达盘中上涨2.09%，截至14:18，报12.22元/股，成交8.25亿元，换手率5.36%，总市值 222.24亿元。 截至9月30日，海能达股东户数25.72万，较上期减少11.45%；人均流通股4987股，较上期增加12.94%。 2025年1月-9月，海能达实现营业收入37.46亿元，同比减少10.26%；归母净利润1.86亿元，同比减少 26.00%。 分红方面，海能达A股上市后累计派现3.09亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，海能达十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股1361.72万股，相比上期减少35.09万股。南方中证1000ETF（512100）位居第四大流通股 东，持股998.42万股，相比上期减少9.43万股。国泰中证全指通信设备ETF（515880）位居第五大流通 股东，持股658.96万股，相比上期增加374.02万股。华夏中证1000ETF（159845）位居第六大流通股 东，持股592.98万股，相比上期减少8100.00股。广发中证1000ETF（560010）位居第八大流通股东，持 股460 ...

Core Viewpoint - Hainengda's stock price increased by 5.05% to 12.06 CNY per share, with a trading volume of 721 million CNY and a turnover rate of 4.74%, resulting in a total market capitalization of 21.933 billion CNY [1] Group 1: Company Overview - Hainengda Communication Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on May 11, 1993, with its listing date on May 27, 2011 [1] - The company specializes in the research, production, and sales of professional wireless communication equipment, including intercom terminals and cluster systems, and provides comprehensive solutions, making it a leading provider in the global professional wireless communication equipment market and in China [1] - The revenue composition of Hainengda is as follows: terminals 44.36%, systems 42.37%, and OEM and others 13.27% [1] Group 2: Shareholder Information - Among Hainengda's top ten circulating shareholders, one fund from Huaxia Fund is notable. The Huaxia CSI 1000 ETF (159845) reduced its holdings by 8,100 shares in the third quarter, now holding 5.9298 million shares, which accounts for 0.46% of the circulating shares [2] - The Huaxia CSI 1000 ETF (159845) was established on March 18, 2021, with a current scale of 45.469 billion CNY. It has achieved a return of 20% this year, ranking 2071 out of 4209 in its category, and a return of 14.26% over the past year, ranking 2451 out of 3982 [2]

Core Viewpoint - Hainengda's stock price has experienced a decline of 17.38% year-to-date, with recent trading showing slight recovery, while the company faces a decrease in revenue and net profit for the first nine months of 2025 [1][2]. Company Overview - Hainengda Communication Co., Ltd. is a leading provider of professional wireless communication equipment in China, established on May 11, 1993, and listed on May 27, 2011 [2]. - The company's main business includes the research, production, and sales of intercom terminals and cluster systems, contributing 44.36% of revenue from terminals, 42.37% from systems, and 13.27% from OEM and others [2]. - Hainengda operates within the communication equipment sector and is involved in various concept sectors, including the World Cup, Belt and Road Initiative, blockchain, and China-Russia trade [2]. Financial Performance - For the first nine months of 2025, Hainengda reported a revenue of 3.746 billion yuan, a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 186 million yuan, down 26.00% year-on-year [2]. - The company has distributed a total of 309 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, Hainengda had 257,200 shareholders, a decrease of 11.45% from the previous period, with an average of 4,987 circulating shares per shareholder, an increase of 12.94% [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 13.6172 million shares, a decrease of 350,900 shares from the previous period [3].

Core Viewpoint - Hainengda's stock price has experienced a decline of 19.00% year-to-date, with recent trading showing mixed performance, indicating potential challenges in the company's market position and financial health [1][2]. Financial Performance - For the period from January to September 2025, Hainengda reported revenue of 3.746 billion yuan, a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 186 million yuan, down 26.00% year-on-year [2]. - The company has not distributed any dividends in the past three years, with a total payout of 309 million yuan since its A-share listing [3]. Stock Market Activity - As of November 19, Hainengda's stock was trading at 11.51 yuan per share, with a market capitalization of 20.932 billion yuan. The stock saw a net outflow of 16.5478 million yuan in principal funds [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent instance on June 13, where it recorded a net purchase of 324 million yuan [1]. Shareholder Structure - As of September 30, 2025, Hainengda had 257,200 shareholders, a decrease of 11.45% from the previous period. The average number of circulating shares per shareholder increased by 12.94% to 4,987 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 13.6172 million shares, a decrease of 350,900 shares from the previous period [3].

Core Viewpoint - Hainengda's stock price has experienced a decline of 17.59% year-to-date, with recent trading showing mixed performance, indicating potential volatility in the market [1][2]. Financial Performance - For the period from January to September 2025, Hainengda reported a revenue of 3.746 billion yuan, a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 186 million yuan, down 26.00% year-on-year [2][3]. - The company has cumulatively distributed 309 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - As of November 18, Hainengda's stock was trading at 11.71 yuan per share, with a market capitalization of 21.296 billion yuan [1]. - The stock has seen significant trading activity, with a net outflow of 47.33 million yuan from main funds and a notable presence on the "龙虎榜" (top trading list) five times this year, with the latest instance on June 13, where it recorded a net buy of 324 million yuan [1][2]. Shareholder Structure - As of September 30, 2025, Hainengda had 257,200 shareholders, a decrease of 11.45% from the previous period, with an average of 4,987 circulating shares per shareholder, an increase of 12.94% [2][3]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 13.6172 million shares, a decrease of 350,900 shares from the previous period [3].

Core Viewpoint - Hainengda's stock has experienced a decline of 21.04% year-to-date, with significant net outflows of capital and a decrease in both revenue and net profit for the first nine months of 2025 [1][2]. Group 1: Stock Performance - On November 12, Hainengda's stock price fell by 2.09%, reaching 11.22 CNY per share, with a trading volume of 1.90 billion CNY and a turnover rate of 1.31%, resulting in a total market capitalization of 204.05 billion CNY [1]. - Year-to-date, Hainengda's stock has dropped by 21.04%, with a 2.94% decline over the last five trading days, 0.88% over the last twenty days, and 6.27% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Hainengda reported operating revenue of 3.746 billion CNY, a year-on-year decrease of 10.26%, and a net profit attributable to shareholders of 186 million CNY, down 26.00% year-on-year [2]. - The company has cumulatively distributed 309 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Hainengda had 257,200 shareholders, a decrease of 11.45% from the previous period, with an average of 4,987 circulating shares per shareholder, an increase of 12.94% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 13.6172 million shares, a decrease of 350,900 shares, while the Guotai Zhongzheng All Index Communication Equipment ETF increased its holdings by 3.7402 million shares to 6.5896 million shares [3].

Core Viewpoint - Hainengda's stock price has experienced a decline of 21.32% year-to-date, with recent trading activity showing slight fluctuations in both buying and selling volumes, indicating a mixed investor sentiment [1][2]. Company Overview - Hainengda Communication Co., Ltd. is a leading provider of professional wireless communication equipment in China, primarily engaged in the research, production, and sales of intercom terminals and cluster systems [2]. - The company's revenue composition includes 44.36% from terminals, 42.37% from systems, and 13.27% from OEM and other services [2]. - As of June 30, 2025, Hainengda had 290,500 shareholders, with an average of 4,415 circulating shares per shareholder [2]. Financial Performance - For the first half of 2025, Hainengda reported a revenue of 2.259 billion yuan, a year-on-year decrease of 17.50%, and a net profit attributable to shareholders of 93.5818 million yuan, down 42.37% year-on-year [2]. - The company has cumulatively distributed 309 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholding Structure - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and several ETFs, with notable increases in holdings for South China CSI 1000 ETF and Huaxia CSI 1000 ETF [3].

Core Insights - On October 15, Hainengda's stock rose by 0.89% with a trading volume of 269 million yuan, indicating a positive market response [1] - The company reported a financing buy-in of 22.74 million yuan and a net financing buy of 123,900 yuan on the same day, reflecting low financing activity compared to historical levels [1] - As of June 30, 2025, Hainengda's revenue decreased by 17.50% year-on-year to 2.259 billion yuan, and net profit dropped by 42.37% to 93.58 million yuan [2] Financing and Trading Activity - On October 15, Hainengda's total financing and margin trading balance was 613 million yuan, which is 2.97% of its market capitalization, indicating a low financing level compared to the past year [1] - The company had a margin trading repayment of 23,400 shares and a margin selling of 2,200 shares, with a margin balance of 1.3199 million yuan, also reflecting low activity [1] Shareholder and Dividend Information - As of June 30, 2025, Hainengda had 290,500 shareholders, an increase of 1.57% from the previous period, with an average of 4,415 circulating shares per shareholder, a decrease of 1.54% [2] - The company has cumulatively distributed 309 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings for several funds [3]