11月20日，民爆光电涨1.27%，成交额2045.64万元。两融数据显示，当日民爆光电获融资买入额182.28 万元，融资偿还114.83万元，融资净买入67.45万元。截至11月20日，民爆光电融资融券余额合计 5683.85万元。 融资方面，民爆光电当日融资买入182.28万元。当前融资余额5683.85万元，占流通市值的4.53%，融资 余额低于近一年30%分位水平，处于低位。 截至11月10日，民爆光电股东户数7480.00，较上期增加0.85%；人均流通股3966股，较上期减少 0.84%。2025年1月-9月，民爆光电实现营业收入12.30亿元，同比减少0.04%；归母净利润1.50亿元，同 比减少19.75%。 分红方面，民爆光电A股上市后累计派现4.45亿元。 机构持仓方面，截止2025年9月30日，民爆光电十大流通股东中，平安低碳经济混合A（009878）位居 第一大流通股东，持股240.00万股，相比上期减少117.00万股。景顺长城竞争优势混合（008131）位居 第六大流通股东，持股43.43万股，相比上期减少21.22万股。景顺长城价值边际灵活配置混合A （008060）位居第八大 ...

11月14日，超频三跌5.01%，截至发稿，报7.58元/股，成交4.54亿元，换手率12.94%，总市值34.66亿 元。 资料显示，深圳市超频三科技股份有限公司位于广东省深圳市龙岗区天安数码城4栋B座7楼，成立日期 2005年4月27日，上市日期2017年5月3日，公司主营业务涉及电子产品新型散热器件、锂电池正极材 料、LED照明灯具的研发、生产和销售,并为下游客户提供高质量的合同能源管理及照明工程等服务。 主营业务收入构成为：锂离子电池材料46.35%，散热产品28.92%，其他产品15.77%，LED照明灯具 5.04%，照明亮化工程3.92%。 从基金十大重仓股角度 数据显示，银华基金旗下1只基金重仓超频三。2000增强ETF（159555）三季度持有股数4.5万股，占基 金净值比例为0.71%，位居第八大重仓股。根据测算，今日浮亏损失约1.8万元。 责任编辑：小浪快报 2000增强ETF（159555）成立日期2023年12月1日，最新规模4419.59万。今年以来收益49.29%，同类排 名634/4216；近一年收益47.32%，同类排名315/3955；成立以来收益63.1%。 2000增强 ...

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。 2000增强ETF（159555）成立日期2023年12月1日，最新规模4419.59万。今年以来收益47.41%，同类排 名589/4216；近一年收益46.25%，同类排名305/3951；成立以来收益61.04%。 2000增强ETF（159555）基金经理为张凯、张亦驰。 截至发稿，张凯累计任职时间13年3天，现任基金资产总规模19.92亿元，任职期间最佳基金回报 130.54%， 任职期间最差基金回报-43.75%。 张亦驰累计任职时间4年174天，现任基金资产总规模77.45亿元，任职期间最佳基金回报61.37%， 任职 期间最差基金回报-35.59%。 11月13日，超频三涨6.55%，截至发稿，报7.48元/股，成交5319.97万元，换手率1.63%，总市值34.21亿 元。 资料显示，深圳市超频三科技股份有限公司位于广东省深圳市龙岗区天安数码城4栋B座7楼，成立日期 2005年4月27日，上市日期2017 ...

Group 1 - The company is currently focused on the manufacturing of LED components and LED lighting fixtures [2] - The company is primarily engaged in the design, research and development, and sales of semiconductor memory [2]

Company Overview - Chao Ping San was established on April 27, 2005, and listed on the Shenzhen Stock Exchange on May 3, 2017, with its registered and office address in Shenzhen, Guangdong Province. The company is a leading provider of electronic product cooling solutions in China, possessing high technical barriers and market share in the cooling technology field [1] Business Operations - The main business of Chao Ping San includes the research, development, production, and sales of new cooling devices for electronic products, lithium battery cathode materials, and LED lighting fixtures. The company also provides high-quality contract energy management and lighting engineering services to downstream customers. It belongs to the Shenwan industry category of electronics - consumer electronics - consumer electronic components and assembly, and is associated with concepts such as small-cap, smart city, 5G nuclear fusion, superconducting concepts, and nuclear power [1] Financial Performance - In Q3 2025, Chao Ping San reported an operating revenue of 631 million yuan, ranking 72nd among 88 companies in the industry. The top two companies in the industry, Industrial Fulian and Luxshare Precision, reported revenues of 603.93 billion yuan and 220.91 billion yuan, respectively, with the industry average at 15.49 billion yuan and the median at 1.415 billion yuan. The net profit for the same period was -7.69 million yuan, ranking 74th in the industry, with the top two companies reporting net profits of 22.52 billion yuan and 12.73 billion yuan, respectively, while the industry average was 635 million yuan and the median was 54.76 million yuan [2] Financial Ratios - As of Q3 2025, Chao Ping San's debt-to-asset ratio was 73.44%, which is higher than the industry average of 44.84% and also higher than the 58.58% from the same period last year. The gross profit margin for Q3 2025 was 14.09%, lower than the industry average of 19.47% and also lower than the 16.18% from the previous year [3] Executive Compensation - The chairman of Chao Ping San, Du Jianjun, has a salary of 960,000 yuan for 2024, which remains unchanged from 2023. Du Jianjun, born in 1968, holds a master's degree and has held various professional titles. He has served as the chairman and general manager of the company since December 2014 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders of Chao Ping San was 30,500, a decrease of 0.66% from the previous period. The average number of circulating A-shares held per household increased by 0.67% to 15,000 [5]

Core Viewpoint - Minbao Optoelectronics, established in March 2010 and listed on the Shenzhen Stock Exchange in August 2023, is a significant player in the domestic LED lighting industry, focusing on R&D, production, and sales of LED lighting products, with strong technical capabilities and a complete industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Minbao Optoelectronics achieved a revenue of 1.23 billion yuan, ranking 7th among 14 companies in the industry, while the industry leader, Foshan Lighting, reported revenue of 6.532 billion yuan [2] - The company's net profit for the same period was 148 million yuan, placing it 4th in the industry, with the top performer, Opple Lighting, reporting a net profit of 578 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Minbao Optoelectronics had a debt-to-asset ratio of 15.86%, significantly lower than the industry average of 35.11%, indicating strong solvency [3] - The company's gross profit margin was 28.42%, down from 31.03% year-on-year but still above the industry average of 26.32% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.81% to 7,372, while the average number of circulating A-shares held per shareholder increased by 1.84% to 4,024.69 [5] - The largest circulating shareholder, Ping An Low Carbon Economy Mixed A, held 2.4 million shares, a decrease of 1.17 million shares from the previous period [5] Group 4: Market Conditions - The company's H1 2025 performance was below expectations, with revenue of 817 million yuan, a year-on-year increase of only 0.1%, and a net profit of 107 million yuan, down 16% year-on-year [6] - The lighting industry faced export pressures, with a total export value of approximately 25.8 billion USD in the first half of 2025, a decline of 6% year-on-year [6] - The company experienced mixed performance across its business segments, with commercial lighting revenue down 4%, industrial lighting up 2%, and special lighting up 36% [6]

Core Insights - On October 17, Mianbao Optoelectronics experienced a decline of 2.76% with a trading volume of 41.9874 million yuan [1] - As of October 17, the company had a total margin balance of 61.6836 million yuan, which accounts for 4.91% of its circulating market value, indicating a low financing balance compared to the past year [1] - The company reported a revenue of 817 million yuan for the first half of 2025, showing a slight year-on-year increase of 0.11%, while the net profit attributable to shareholders decreased by 15.92% to 107 million yuan [2] Financing and Margin Data - On October 17, Mianbao Optoelectronics had a financing buy-in amount of 6.2773 million yuan and a net financing buy-in of 2.2337 million yuan [1] - The company had no short selling activity on October 17, with a short selling balance of 0.00 yuan, indicating a high level of short selling compared to the past year [1] Shareholder and Institutional Holdings - As of October 10, the number of shareholders for Mianbao Optoelectronics was 7,262, a decrease of 1.49% from the previous period [2] - The company has distributed a total of 444.5 million yuan in dividends since its A-share listing [3] - The largest circulating shareholder is Ping An Low Carbon Economy Mixed A, holding 3.57 million shares, which is a decrease of 330,000 shares from the previous period [3]

Core Viewpoint - The stock price of Minbao Optoelectronics (301362.SZ) has declined by 4.90%, closing at 42.11 yuan, indicating it is currently in a state of underperformance since its IPO [1] Group 1: IPO Details - Minbao Optoelectronics was listed on the Shenzhen Stock Exchange's ChiNext board on August 4, 2023, with an issuance of 26.17 million shares at a price of 51.05 yuan per share [1] - The total funds raised from the IPO amounted to 1.34 billion yuan, with a net amount of 1.24 billion yuan after deducting issuance costs, exceeding the original plan by 141.27 million yuan [1] - The company planned to use the raised funds for projects including LED lighting automation expansion, construction of headquarters and R&D center, and to supplement working capital [1] Group 2: Issuance Costs - The total issuance costs for the IPO were 92.99 million yuan, with underwriting fees accounting for 68.07 million yuan [1]

Company Overview - Shenzhen Minbao Optoelectronics Co., Ltd. is located in Bao'an District, Shenzhen, Guangdong Province, and was established on March 5, 2010. The company went public on August 4, 2023. Its main business involves the research, production, and sales of LED lighting fixtures [1]. Business Segmentation - The revenue composition of Minbao Optoelectronics is as follows: Commercial lighting accounts for 57.09%, Industrial lighting for 36.75%, Special lighting for 6.08%, and Other (supplementary) for 0.08% [1]. Stock Performance - On September 30, Minbao Optoelectronics' stock fell by 5.06%, closing at 42.04 CNY per share, with a trading volume of 74.82 million CNY and a turnover rate of 5.89%. The total market capitalization is 4.4 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Minbao Optoelectronics, a fund under Dazhong Fund is included. The Dazhong CSI 360 Internet+ Index A (002236) entered the top ten circulating shareholders in the second quarter, holding 366,900 shares, which represents 1.24% of the circulating shares. The estimated floating loss today is approximately 821,800 CNY [2]. Fund Performance - The Dazhong CSI 360 Internet+ Index A (002236) was established on February 3, 2016, with a latest scale of 698 million CNY. Year-to-date, it has achieved a return of 34.3%, ranking 1529 out of 4220 in its category. Over the past year, the return is 69.94%, ranking 711 out of 3846. Since inception, the return is 216.74% [2]. Fund Management - The fund manager of Dazhong CSI 360 Internet+ Index A is Xia Gao, who has a cumulative tenure of 10 years and 302 days. The total asset scale of the fund is 2.26 billion CNY. The best fund return during his tenure is 215.19%, while the worst return is -71.74% [3].

Core Points - The stock price of ChaoPing San has decreased by 2.14% on September 26, trading at 6.86 CNY per share with a market capitalization of 3.137 billion CNY [1] - Year-to-date, the stock has increased by 11.54%, but has seen a decline of 4.59% in the last five trading days and 7.42% in the last twenty days [2] - The company reported a revenue of 474 million CNY for the first half of 2025, representing a year-on-year growth of 18.47%, and a net profit of 11.31 million CNY, up 163.01% [2] Company Overview - ChaoPing San Technology Co., Ltd. was established on April 27, 2005, and went public on May 3, 2017 [2] - The company is located in Longgang District, Shenzhen, Guangdong Province, and specializes in the R&D, production, and sales of electronic products, including new heat dissipation devices, lithium battery cathode materials, and LED lighting [2] - The revenue composition is as follows: lithium-ion battery materials 46.35%, heat dissipation products 28.92%, other products 15.77%, LED lighting 5.04%, and lighting engineering 3.92% [2] Shareholder Information - As of September 19, the number of shareholders is 30,700, a decrease of 2.65% from the previous period, with an average of 14,855 circulating shares per person, an increase of 2.72% [2] Dividend Information - Since its A-share listing, ChaoPing San has distributed a total of 33.2446 million CNY in dividends, with no dividends paid in the last three years [3]