A-share announcement highlights | Hithink RoyalFlush Information Network (300033.SZ): Net profit in the third quarter increased by 145% year-on-year, with increasing demand for financial information services.

Today's Focus 1. China United Network Communications: Net profit in the first three quarters increased by 5.2% year-on-year, Computing power business achieves scale breakthrough China United Network Communications (600050.SH) announced that the company's operating revenue in the first three quarters of 2025 was RMB 292.985 billion, a year-on-year increase of 1.0%; net profit attributable to the parent company was RMB 8.772 billion, a year-on-year increase of 5.2%. In the third quarter, operating revenue was RMB 92.783 billion, a year-on-year increase of 0.0%, and net profit was RMB 2.423 billion, a year-on-year increase of 5.4%. The company's computing power business achieved a scale breakthrough, with cloud revenue reaching RMB 52.9 billion. The intelligent transformation of data centers has shown significant results, with data center revenue reaching RMB 21.4 billion, a year-on-year increase of 8.9%. Continuously deepening the integration of digital intelligence, promoting the deep integration of 5G, AI, and industrial Internet, empowering thousands of industries to upgrade comprehensively, and serving more than 20,000 customers with 5G virtual private networks. The total scale of intelligent computing has exceeded 35 EFLOPS. 2. Hithink RoyalFlush Information Network: Net profit in the third quarter increased by 145%, strong demand for financial information services Hithink RoyalFlush Information Network (300033.SZ) announced its third-quarter revenue of RMB 14.81 billion, a year-on-year increase of 56.72%; net profit was RMB 7.04 billion, a year-on-year increase of 144.5%; for the first three quarters, revenue was RMB 32.61 billion, a year-on-year increase of 39.67%; net profit was RMB 12.06 billion, a year-on-year increase of 85.29%. During the reporting period, the activity in the capital market rebounded, investor confidence was restored, driving the demand for financial information services. At the same time, the company increased its research and development investment in artificial intelligence and other areas, promoted the integration and innovation of products and large model technology, optimized core product competitiveness and user experience, and accelerated the growth of value-added telecommunications business. 3. Ningbo TIP Rubber Technology: Stock price has significantly deviated from fundamentals, rapid decline possible Ningbo TIP Rubber Technology (605255.SH) issued a stock trading risk alert, stating that the company's stock price has increased by 246.02% from August 22 to October 22. In the three trading days from October 20 to 22, the stock turnover rate remained high at 8.09%, 5.68%, and 6.36%, with a significant increase in volume, accumulating huge trading risks during the period. Currently, the company's stock price has significantly deviated from the fundamentals of the listed company, and there is a possibility of a rapid decline at any time. As confirmed by the company and the acquirer Zhong Haoxin English, as of now, Zhong Haoxin English has initiated independent and autonomous initial public offering (IPO) related work, and has entered the process of shareholding reform (shareholding reform). Zhong Haoxin English's existing capital and securities path are unrelated to this acquisition. As of now, within the next 36 months, Zhong Haoxin English has no plans or arrangements to go public through the company's shell listing. 4. Shenzhen Sed Industry: Pre-listing sale of subsidiary equity Shenzhen Sed Industry (000032.SZ) announced that, to further focus on its main business responsibilities, the company's wholly-owned subsidiary, China Electronic System Technology Co., Ltd., is planning to sell 80% of its equity in China Electrode Intercontinental Environmental Protection Technology Development Co., Ltd., 70% of its equity in Shandong China Dafei Lun New Energy Investment Co., Ltd., 100% of its equity in China Hedong Biomass Thermal Power Co., Ltd., 42.5% of its equity in Hebei China Jing'an Energy Conservation and Environmental Protection Technology Co., Ltd., 70% of its equity in Hebei Yutai Thermal Energy Technology Co., Ltd., and 100% of its equity in China Wushuang Heat Machinery Co., Ltd. This equity sale will be pre-listed on the Beijing Property Rights Exchange. 5. Yantai China Pet Foods: Received administrative supervision measures decision from Shandong Securities Regulatory Bureau Yantai China Pet Foods (002891.SZ) announced that the company recently received the "Administrative Supervision Measures Decision" issued by the Shandong Securities Regulatory Bureau. It was found that on April 29, 2025, due to the conversion of convertible bonds, the company's controlling shareholder Yantai Zhongxing Biological Technology Co., Ltd. and its concerted action person Shanghai Tongyi Investment Management Co., Ltd. - Tongyi Chunxiao 19 Private Equity Securities Investment Fund reduced their combined shareholding from 26.08% to 25.94%, touching the integer multiple of 1%. The company did not announce this change in equity. The Shandong Securities Regulatory Bureau decided to take administrative supervision measures including ordering correction and regulatory talks with the company, and recorded it in the Securities and Futures Market Integrity Archives database. 6. 2 consecutive boards Shaanxi Construction Machinery risks warning: the company has been losing money for 3 consecutive years Shaanxi Construction Machinery (600984.SH) issued a stock trading abnormal fluctuation announcement, stating that after self-inspection and inquiries to the company's controlling shareholder and actual controller, there are no significant events or important information that have not been disclosed by the company, the controlling shareholder, or the actual controller up to now. The net profit attributable to the listed company's shareholders for the first half of 2025 was -RMB 447 million, and the company has been losing money for three consecutive years. Investors should pay attention to investment risks. 7. JUNSHI BIO: Wholly-owned subsidiary passes FDA on-site inspection JUNSHI BIO (688180.SH) announced that its wholly-owned subsidiary, Suzhou Zhonghe Biomedical Technology Co., Ltd. (referred to as "Suzhou Zhonghe"), recently received the on-site inspection report issued by the U.S. Food and Drug Administration (FDA), indicating that Suzhou Zhonghe has passed the CGMP on-site inspection. This is the second time Suzhou Zhonghe has passed the FDA on-site inspection since 2023. As of now, Suzhou Wujiang production base has a fermentation capacity of 4,500 liters (9*500 liters) and has obtained GMP certification and approval from multiple countries and regions. It is mainly responsible for the commercial supply of cetuximab to overseas markets. 8. Harbin Xinguang Optic-Electronics Technology: Chairman Kang Weimin relieved of retention Harbin Xinguang Optic-Electronics Technology (688011.SH) announced that the company recently received a "Notice of Release of Retention" issued by Song County Supervision Committee, stating that the Song County Supervision Committee has lifted the retention measures against the company's controlling shareholder, actual controller, chairman, and general manager Kang Weimin. Kang Weimin has now resumed his duties as the company's chairman and general manager, and the company's production and operation are normal. 9. Jiangsu New Energy Development: Controlling shareholder proposes to invest in offshore wind power projects and entrust the company to manage Jiangsu New Energy Development (603693.SH) announced that the company's controlling shareholder Jiangsu Guoxin Group Co., Ltd. (referred to as "Guoxin Group") led a consortium to obtain the development rights of approximately 1.55 million kilowatts of offshore wind power projects. Currently, the Yancheng Dafeng H19# offshore wind power project and the Yancheng Dongtai H4#/H6# offshore wind power project have met the conditions for establishing project companies and advancing approvals. To avoid competition in the same industry, Guoxin Group will invest in these two projects first. Guoxin Group has pledged that after meeting the conditions for injection into the listed company, it will transfer its corresponding project company's equity (no less than 51%) to the company at a fair price. At the same time, Guoxin Group will sign a share entrustment management agreement with the company to entrust the management of the project company's equity held by it. This transaction constitutes a related party transaction but not a major asset reorganization. Operating performance 1. Do-Fluoride New Materials: Net profit in the first three quarters increased by 407.74% Do-Fluoride New Materials (002407.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 24 billion in the third quarter, a year-on-year increase of 5.18%; net profit attributable to the parent company was RMB 267.244 million, compared to a loss of RMB 461.357 million in the same period last year (adjusted). In the first three quarters, operating revenue was RMB 67.29 billion, a year-on-year decrease of 2.75%; net profit was RMB 78.0546 million, a year-on-year increase of 407.74%. 2. Zhejiang Weihua New Material: Net profit in the third quarter increased by 250.04% Zhejiang Weihua New Material (603310.SH) released its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.23 billion in the third quarter, a year-on-year increase of 51.46%; net profit was RMB 25.3849 million, a year-on-year increase of 250.04%. In the first three quarters, operating revenue was RMB 6.6 billion, a year-on-year decrease of 15.18%; net profit was RMB 1.09 billion, a year-on-year decrease of 40.96%; basic earnings per share were RMB 0.31. The sales revenue in the third quarter was similar to the first and second quarters, but due to lower sales revenue and profit in the same period last year, there was a significant year-on-year growth. 3. Shanghai Sunglow Packaging Technology: Net profit in the first three quarters increased by 186.19% Shanghai Sunglow Packaging Technology (603499.SH) released its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.27 billion in the third quarter, a year-on-year decrease of 0.67%; net profit was RMB 17.1545 million, a year-on-year decrease of 7.98%. In the first three quarters, operating revenue was RMB 7.42 billion, a year-on-year increase of 26.47%; net profit was RMB 95.4706 million, a year-on-year increase of 186.19%; basic earnings per share were RMB 0.3155. During the reporting period, the packaging business performed well overall, with significant growth in the packaging printing business sector's operating revenue compared to the same period last year. As sales revenue increased year-on-year, profit levels also increased. 4. Jiujiang Defu Technology: Net profit in the first three quarters increased by 132.63% Jiujiang Defu Technology (301511.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 32.01 billion in the third quarter, a year-on-year increase of 47.88%; net profit was RMB 2788.79 million, a year-on-year increase of 128.27%. In the first three quarters, operating revenue was RMB 85 billion, a year-on-year increase of 59.14%; net profit was RMB 6659.41 million, a year-on-year increase of 132.63%. During the reporting period, copper foil sales volume significantly increased compared to the same period last year, leading to increased revenue. At the same time, the company's capacity utilization rate increased year-on-year, the unit production cost decreased significantly, resulting in a rise in the company's copper foil product gross profit margin and corresponding increase in profit. 5. SINOPEC Shandong Taishan Petroleum: Net profit in the first three quarters increased by 112.32% SINOPEC Shandong Taishan Petroleum (000554.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 8.07 billion in the third quarter, a year-on-year decrease of 5.54%; net profit was RMB 2172.62 million, a year-on-year increase of 24.95%. In the first three quarters, operating revenue was RMB 23.95 billion, a year-on-year decrease of 5.6%; net profit was RMB 1.13 billion, a year-on-year increase of 112.32%. 6. Shandong Kaisheng New Materials: Net profit in the first three quarters increased by 121.56%, plans to distribute RMB 0.5 per 10 shares Shandong Kaisheng New Materials (301069.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.42 billion in the third quarter, a year-on-year increase of 19.96%; net profit was RMB 27.2706 million, compared to a loss of RMB 1.7645 million in the same period last year. In the first three quarters, operating revenue was RMB 7.74 billion, a year-on-year increase of 11.22%; net profit was RMB 1.16 billion, a year-on-year increase of 121.56%. The company plans to distribute RMB 0.5 (tax included) in cash dividend per 10 shares. 7. Advanced Fiber Resources: Net profit in the first three quarters increased by 106.61% Advanced Fiber Resources (300620.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 4.02 billion in the third quarter, a year-on-year increase of 26.53%; net profit was RMB 63.4391 million, a year-on-year increase of 149.09%. In the first three quarters, operating revenue was RMB 9.98 billion, a year-on-year increase of 35.11%; net profit was RMB 1.15 billion, a year-on-year increase of 106.61%. 8. Zhejiang Xinnong Chemical: Net profit in the third quarter increased by 105.68% Zhejiang Xinnong Chemical (002942.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.45 billion in the third quarter, a year-on-year increase of 13.44%; net profit was RMB 12.7464 million, a year-on-year increase of 105.68%. In the first three quarters, operating revenue was RMB 8.37 billion, a year-on-year increase of 10.77%; net profit was RMB 1.03 billion, a year-on-year increase of 38.91%. 9. Nanjing Medlander Medical Technology: Net profit in the third quarter increased by 36.71% Nanjing Medlander Medical Technology (688273.SH) released its third-quarter report for 2025, with the company achieving operating revenue of RMB 1.03 billion in the third quarter, a year-on-year increase of 0.42%; net profit was RMB 32.0786 million, a year-on-year increase of 36.71%. In the first three quarters, operating revenue was RMB 3.44 billion, a year-on-year increase of 4.01%; net profit was RMB 95.9987 million, a year-on-year decrease of 0.07%; basic earnings per share for the first three quarters were RMB 0.9813. The change in net profit during the reporting period is mainly due to an increase in government subsidies compared to the same period last year. The company plans to distribute a cash dividend of RMB 3 per 10 shares to all shareholders. 10. Jiangsu Sinopep-Allsino Biopharmaceutical: Net profit in the first three quarters increased by 26.92% Jiangsu Sinopep-Allsino Biopharmaceutical (688076.SH) released its third-quarter report for 2025, with the company achieving operating revenue of RMB 4.79 billion in the third quarter, a year-on-year increase of 13.82%; net profit was RMB 1.34 billion, a year-on-year increase of 9.27%. In the first three quarters of 2025, operating revenue was RMB 15.27 billion, a year-on-year increase of 21.95%; net profit was RMB 4.45 billion, a year-on-year increase of 26.92%; basic earnings per share for the first three quarters were RMB 1.42. 11. Acrel Co., Ltd.: Net profit in the first three quarters increased by 21.31% Acrel Co., Ltd. (300286.SZ) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.98 billion in the third quarter, a year-on-year increase of 4.56%; net profit was RMB 66.652 million, a year-on-year increase of 15.2%. In the first three quarters, operating revenue was RMB 8.37 billion, a year-on-year increase of 2.59%; net profit was RMB 192 million, a year-on-year increase of 21.31%. 12. Willfar Information Technology: Net profit in the first three quarters increased by 12.24% Willfar Information Technology (688100.SH) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 7.44 billion in the third quarter, a year-on-year increase of 3.54%; net profit was RMB 1.69 billion, a year-on-year increase of 12.24%. In the first three quarters, operating revenue was RMB 21.12 billion, a year-on-year increase of 8.8%; net profit was RMB 4.74 billion, a year-on-year increase of 12.24%. 13. Shanghai Action Education Technology: Net profit in the first three quarters increased by 10.39%, plans to distribute RMB 5 per 10 shares Shanghai Action Education Technology (605098.SH) disclosed its third-quarter report for 2025, with the company achieving operating revenue of RMB 2.22 billion in the third quarter, a year-on-year increase of 27.93%; net profit was RMB 83.4003 million, a year-on-year increase of 42.78%. In the first three quarters, operating revenue was RMB 5.66 billion, a year-on-year increase of 0.52%; net profit was RMB 2.15 billion, a year-on-year increase of 10.39%. The company plans to distribute a cash dividend of R