1月9日，美亚光电涨1.18%，成交额1.11亿元。两融数据显示，当日美亚光电获融资买入额1511.37万 元，融资偿还1446.65万元，融资净买入64.73万元。截至1月9日，美亚光电融资融券余额合计1.61亿 元。 融资方面，美亚光电当日融资买入1511.37万元。当前融资余额1.59亿元，占流通市值的0.84%，融资余 额超过近一年60%分位水平，处于较高位。 融券方面，美亚光电1月9日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量7.72万股，融券余额165.75万元，超过近一年60%分位水平，处于较高位。 资料显示，合肥美亚光电技术股份有限公司位于安徽省合肥市高新区望江西路668号，成立日期2000年3 月3日，上市日期2012年7月31日，公司主营业务涉及 从事光电检测与分级专用设备及其应用软件研 发、生产和销售。主营业务收入构成为：色选机72.61%，医疗设备19.97%，X射线工业检测机5.25%， 配件及其他2.17%。 截至12月31日，美亚光电股东户数2.60万，较上期减少3.36%；人均流通股16658股，较上期增加 3.48%。2025年1 ...

1月8日，美亚光电盘中下跌2.04%，截至13:32，报21.08元/股，成交9573.05万元，换手率1.04%，总市 值185.98亿元。 资金流向方面，主力资金净流出598.69万元，特大单买入552.55万元，占比5.77%，卖出1260.75万元， 占比13.17%；大单买入1276.91万元，占比13.34%，卖出1167.40万元，占比12.19%。 资料显示，合肥美亚光电技术股份有限公司位于安徽省合肥市高新区望江西路668号，成立日期2000年3 月3日，上市日期2012年7月31日，公司主营业务涉及 从事光电检测与分级专用设备及其应用软件研 发、生产和销售。主营业务收入构成为：色选机72.61%，医疗设备19.97%，X射线工业检测机5.25%， 配件及其他2.17%。 美亚光电所属申万行业为：机械设备-专用设备-其他专用设备。所属概念板块包括：机械、养老金概 念、MSCI中国、融资融券、口腔医疗等。 截至12月31日，美亚光电股东户数2.60万，较上期减少3.36%；人均流通股16658股，较上期增加 3.48%。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% ...

Core Viewpoint - Meiya Optoelectronics experienced a decline of 1.30% in stock price on November 20, with a trading volume of 60.87 million yuan, indicating a potential shift in investor sentiment and market dynamics [1]. Financing and Trading Data - On November 20, Meiya Optoelectronics had a financing buy amount of 4.95 million yuan and a financing repayment of 7.79 million yuan, resulting in a net financing buy of -2.84 million yuan. The total financing and securities lending balance reached 158 million yuan [1]. - The current financing balance is 157 million yuan, accounting for 0.90% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high financing level [1]. - In terms of securities lending, 4,200 shares were repaid and 1,100 shares were sold on November 20, with a selling amount of 21,700 yuan. The securities lending balance is 1.05 million yuan, which is below the 20th percentile level over the past year, suggesting a low level of short selling activity [1]. Company Performance - As of November 10, the number of shareholders for Meiya Optoelectronics was 29,700, a decrease of 1.84% from the previous period. The average circulating shares per person increased by 1.87% to 14,614 shares [2]. - For the period from January to September 2025, Meiya Optoelectronics reported a revenue of 1.694 billion yuan, representing a year-on-year growth of 7.35%. The net profit attributable to the parent company was 519 million yuan, reflecting a year-on-year increase of 15.30% [2]. Dividend and Shareholder Information - Since its A-share listing, Meiya Optoelectronics has distributed a total of 4.898 billion yuan in dividends, with 1.852 billion yuan distributed over the past three years [3]. - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 61.95 million shares, an increase of 10.17 million shares from the previous period. New shareholder, China Europe Value Select Mixed A, holds 5.51 million shares, while another shareholder, Fu Guo Long-term Growth Mixed A, increased its holdings by 251,500 shares [3].

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].