截至11月10日，美亚光电股东户数2.97万，较上期减少1.84%；人均流通股14614股，较上期增加 1.87%。2025年1月-9月，美亚光电实现营业收入16.94亿元，同比增长7.35%；归母净利润5.19亿元，同 比增长15.30%。 分红方面，美亚光电A股上市后累计派现48.98亿元。近三年，累计派现18.52亿元。 机构持仓方面，截止2025年9月30日，美亚光电十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股6194.57万股，相比上期增加1017.39万股。中欧价值智选混合A（166019）位居第九大流 通股东，持股551.27万股，为新进股东。富国长期成长混合A（011037）位居第十大流通股东，持股 531.57万股，相比上期增加25.15万股。东方红智远三年持有混合（009576）退出十大流通股东之列。 责任编辑：小浪快报 11月20日，美亚光电跌1.30%，成交额6086.78万元。两融数据显示，当日美亚光电获融资买入额495.03 万元，融资偿还779.15万元，融资净买入-284.11万元。截至11月20日，美亚光电融资融券余额合计1.58 亿元。 融资方面，美亚光电 ...

Core Viewpoint - Meiya Optoelectronics has shown a mixed performance in financing activities, with a slight increase in stock price but a net outflow in financing, indicating potential investor caution [1][2]. Financing Summary - On October 15, Meiya Optoelectronics experienced a stock price increase of 1.31%, with a trading volume of 79.43 million yuan. The financing buy-in amount was 5.63 million yuan, while the financing repayment was 9.11 million yuan, resulting in a net financing outflow of 3.48 million yuan [1]. - As of October 15, the total financing and securities lending balance for Meiya Optoelectronics was 176 million yuan, with the financing balance at 174 million yuan, accounting for 0.98% of the circulating market value, which is above the 80th percentile of the past year [1]. - In terms of securities lending, on the same day, 5,800 shares were repaid, and 1,300 shares were sold, amounting to a selling value of 26,200 yuan. The remaining securities lending volume was 63,500 shares, with a balance of 1.28 million yuan, which is below the 40th percentile of the past year [1]. Business Performance - For the first half of 2025, Meiya Optoelectronics reported a revenue of 1.02 billion yuan, reflecting a year-on-year growth of 9.92%. The net profit attributable to shareholders was 303 million yuan, marking an 11.34% increase compared to the previous year [2]. - The company's main business revenue composition includes 72.61% from color sorting machines, 19.97% from medical equipment, 5.25% from X-ray industrial inspection machines, and 2.17% from accessories and others [1]. Shareholder Information - As of October 10, the number of shareholders for Meiya Optoelectronics was 31,600, a decrease of 0.89% from the previous period. The average circulating shares per person increased by 0.90% to 13,738 shares [2]. - Cumulatively, since its A-share listing, Meiya Optoelectronics has distributed a total of 4.898 billion yuan in dividends, with 1.852 billion yuan distributed in the last three years [3]. - As of June 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 51.77 million shares, an increase of 8.18 million shares from the previous period. New shareholder 富国长期成长混合A (011037) entered as the ninth-largest shareholder with 5.0642 million shares [3].

Company Overview - Meiya Optoelectronics, established on March 3, 2000, is located in Hefei, Anhui Province, and was listed on July 31, 2012. The company specializes in the research, production, and sales of optoelectronic detection and grading equipment and its application software [1]. Business Segmentation - The main revenue sources for Meiya Optoelectronics are as follows: color sorters account for 72.61%, medical equipment 19.97%, X-ray industrial inspection machines 5.25%, and accessories and others 2.17% [1]. Stock Performance - On September 22, Meiya Optoelectronics' stock rose by 5.02%, reaching a price of 21.77 CNY per share, with a trading volume of 251 million CNY and a turnover rate of 2.70%. The total market capitalization is 19.206 billion CNY [1]. Fund Holdings - According to data, Ping An Fund has one fund heavily invested in Meiya Optoelectronics. The Ping An Research Selected Mixed A Fund (021576) increased its holdings by 400 shares in the second quarter, totaling 18,200 shares, which represents 4.62% of the fund's net value, ranking as the tenth largest holding [2]. Fund Performance - The Ping An Research Selected Mixed A Fund (021576) was established on August 20, 2024, with a latest scale of 2.2139 million CNY. Year-to-date returns are 33%, ranking 2454 out of 8244 in its category. Over the past year, returns are 27.92%, ranking 5321 out of 8066, and since inception, returns are 28.27% [2]. Fund Management - The fund manager for Ping An Research Selected Mixed A is Zhang Xiaoqian, who has a tenure of 9 years and 239 days, with a total asset scale of 1.724 billion CNY. The best fund return during his tenure is 262.67%, while the worst is 3.24%. Co-manager Zhang Yinxian has a tenure of 1 year and 335 days, managing assets of 1.425 billion CNY, with a best return of 105.95% and a worst return of 30.04% [3].

Investment Rating - The investment rating for the company is "Accumulate" and is maintained [1] Core Views - The company has shown steady growth in performance, with a significant increase in cash flow [4] - The main source of revenue growth is from color sorting machines, with a year-on-year revenue increase of 15.17% [5] - The company is transitioning from a single equipment manufacturer to a systematic solution provider, leveraging AI and big data for product innovation [6] - The company has achieved a net cash flow from operating activities of 393 million yuan, a year-on-year increase of 125% [6] Financial Performance - In the first half of 2025, the company achieved revenue of 1.023 billion yuan, a year-on-year increase of 9.92% [4] - The net profit attributable to the parent company was 303 million yuan, up 11.34% year-on-year [4] - The gross profit margin increased by 1.26 percentage points to 52.14% [5] - The company expects revenue for 2025-2027 to be 2.626 billion, 2.948 billion, and 3.269 billion yuan, with year-on-year growth rates of 13.66%, 12.25%, and 10.88% respectively [7] Valuation Metrics - The price-to-earnings (P/E) ratios for 2025-2027 are projected to be 24.23, 21.51, and 19.24 respectively [7] - The company maintains a low debt-to-asset ratio of 16.5% [3]

Group 1 - The core viewpoint of the news is that Meiya Optoelectronics has shown significant stock performance and financial growth in recent months, with a notable increase in share price and revenue [1][2]. - As of August 27, Meiya Optoelectronics' stock price increased by 41.64% year-to-date, with a 13.06% rise in the last five trading days [1]. - The company reported a revenue of 1.023 billion yuan for the first half of 2025, representing a year-on-year growth of 9.92%, and a net profit of 303 million yuan, up 11.34% [2]. Group 2 - Meiya Optoelectronics has a diverse revenue structure, with color sorting machines accounting for 72.61% of its main business income, followed by medical equipment at 19.97% and X-ray industrial inspection machines at 5.25% [1]. - The company has distributed a total of 4.898 billion yuan in dividends since its A-share listing, with 1.852 billion yuan distributed in the last three years [3]. - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.1829 million shares [3].