Group 1 - Huari Electric Co., Ltd. has experienced a stock price decline of 9.1% over the last three days, with the current price at 18.99 CNY per share and a market capitalization of 3.418 billion CNY [1] - The company specializes in the research, production, sales, and service of small power motors and micro-special motor commutators, with its main business revenue composition being: fully plastic type 42.57%, others 26.42%, ordinary type 23.97%, coil type 6.10%, and others 0.94% [1] Group 2 - Noan Fund's Noan Multi-Strategy Mixed A (320016) has increased its holdings in Huari shares by 467,200 shares, bringing its total to 1.4357 million shares, which represents 0.8% of the circulating shares [2] - The fund has incurred a floating loss of approximately 387,600 CNY today and a total floating loss of 2.7278 million CNY during the three-day decline [2] - The fund has achieved a year-to-date return of 13.21% and a one-year return of 78.24%, ranking 720 out of 8,884 and 346 out of 8,127 in its category, respectively [2]

公司预计2025年度净利润为600万元至900万元，实现扭亏为盈。 以上内容基于公开资料整理，不构成投资建议。 经济观察网华瑞股份（300626）于2026年1月30日发布2025年度业绩预告，预计净利润为600万元至900 万元，实现扭亏为盈。具体财务数据将以正式披露的2025年度报告为准。 业绩经营情况 ...

Market Overview - The machinery sector experienced a slight decline of 0.04% on the previous trading day, with China Electric Motor leading the losses [1] - The Shanghai Composite Index closed at 4102.2, up by 0.85%, while the Shenzhen Component Index closed at 14156.27, up by 0.21% [1] Stock Performance - Key stocks in the machinery sector showed varied performance, with Jiadian Co. rising by 3.37% to a closing price of 14.74, and China Electric Motor falling by 3.32% to 30.54 [1][2] - The trading volume and turnover for notable stocks included: - Jiadian Co.: 155,500 shares, turnover of 228 million yuan - Zhaowei Electromechanical: 84,300 shares, turnover of 1.038 billion yuan - China Electric Motor: 153,000 shares, turnover of 479 million yuan [1][2] Capital Flow - The machinery sector saw a net outflow of 154 million yuan from institutional investors, while retail investors contributed a net inflow of 57.18 million yuan [2] - Notable capital flows for specific stocks included: - Zhaowei Electromechanical: net inflow of 1.21 billion yuan from institutional investors - China Electric Motor: net outflow of 39.74 million yuan from institutional investors [3]

（文章来源：证券日报） 证券日报网讯 1月30日，华瑞股份发布2025年度业绩预告称，公司预计2025年度归属于上市公司股东的 净利润为600万元至900万元。 ...

华瑞电器股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于扭亏为盈情形 （1）以区间数进行业绩预告的 单位：万元 | 项 | 目 | 本报告期 | | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 东的净利润 | | | 600 | ～ | 900 | | -326.81 | | 扣除非经常性损益 | | | 497 | ～ | 742 | | -414.32 | | 后的净利润 | | | | | | | | 证券代码：300626 证券简称：华瑞股份 公告编号：2026-002 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务所审计，公司已就业绩预 告有关事项与年报审计会计师事务所进行了预沟通，公司与会计师事务所在本报告期业绩预告方 ...

华瑞股份公告，预计2025年度净利润为600万元至900万元，上年同期为净亏损326.81万元。报告期内， 公司换向器主营业务稳定，各项生产经营工作稳步推进，预计营业收入较上年同期有所增长。但确认参 股公司业绩下滑形成的投资损失预计2155万元-2680万元，并对相关长期股权投资暂估相应减值准备 1000万元。预计本报告期非经常性损益对公司净利润的影响为103万元。 ...

Core Viewpoint - The electric motor sector experienced a decline of 0.35% on the trading day, with Huari Co., Ltd. leading the losses, while the Shanghai Composite Index rose by 0.14% and the Shenzhen Component Index increased by 0.5% [1]. Group 1: Market Performance - The electric motor sector's individual stock performance showed mixed results, with notable gainers including Yifan Transmission (up 5.87% to 59.20) and China Electric Motor (up 5.35% to 32.87) [1]. - The overall trading volume for the electric motor sector was significant, with major stocks like Dayang Electric achieving a transaction value of 2.719 billion yuan [1]. Group 2: Fund Flow Analysis - On the trading day, the electric motor sector saw a net outflow of 860 million yuan from institutional investors, while retail investors contributed a net inflow of 818 million yuan [2]. - The fund flow data indicates that individual stocks like China Electric Motor and Dayang Electric had varying levels of net inflow and outflow from different investor categories [3].

Core Viewpoint - Huari Co., Ltd. has reached a historical high in stock price, with a significant increase of 11.57% as of 9:36 AM, reflecting strong market performance in the context of the overall electric equipment industry [1] Company Summary - Huari Co., Ltd. reported a total operating revenue of 602 million yuan for the first three quarters, representing a year-on-year growth of 9.51% [1] - The company achieved a net profit of 13.66 million yuan, which is a decline of 17.79% compared to the previous year [1] - The basic earnings per share are recorded at 0.0759 yuan, with a weighted average return on equity of 2.61% [1] Industry Summary - The electric equipment industry overall has experienced a slight decline of 0.23% [1] - Within the industry, 81 stocks have seen price increases, with notable gainers including Yifan Transmission, Huari Co., Ltd., and Hancable, which have risen by 20.00%, 11.57%, and 10.04% respectively [1] - Conversely, 311 stocks have faced declines, with major losers including Yinen Power, Caneng Power, and Hongxiang Co., which have dropped by 9.14%, 8.06%, and 7.23% respectively [1]

Group 1 - A total of 344 companies listed on the ChiNext board reported their latest shareholder numbers as of January 10, with 115 companies experiencing a decline in shareholder numbers compared to the previous period, and 8 companies seeing a decline of over 10% [1] - The company with the largest decline in shareholder numbers is Yidian Tianxia, which reported 71,862 shareholders, a decrease of 23.09% from December 31, while its stock price has increased by 100.79% since the concentration of shares [1] - Jiangfeng Electronics and Hengshuai Co., Ltd. also reported significant declines in shareholder numbers of 19.29% and 16.65%, respectively, with stock price increases of 37.84% and 24.58% since the concentration of shares [1] Group 2 - 25 companies on the ChiNext board have shown a continuous concentration of shares, with some experiencing a decline in shareholder numbers for more than three consecutive periods, and one company has seen a decline for seven consecutive periods [1] - Huari Co., Ltd. reported a continuous decrease in shareholder numbers for seven periods, with a cumulative decline of 33.32%, while Lingpai Technology and Wanbang Pharmaceutical also reported declines of 15.35% and 7.14%, respectively [2] - The average stock price increase for concentrated shares since January 1 is 9.38%, with notable increases from Yidian Tianxia, Jingce Electronics, and Zhida Mai, which rose by 100.79%, 58.34%, and 45.39%, respectively [2] Group 3 - Among the concentrated shares, four companies have announced their performance forecasts for the full year of 2025, with Fute Technology expected to have a net profit increase of 143.12% [3] - Hanyu Group follows with an expected net profit increase of 0.60 million [3]

Major Events - Hualing Cable announced the termination of the acquisition of control over Xingxin Aerospace due to failure to reach consensus on specific agreement terms, stating that this decision will not adversely affect its operations or financial status [1] - Xianglu Tungsten Industry expects a net profit of 125 million to 180 million yuan for 2025, driven by continuous price increases in tungsten raw materials and improved market conditions [1] Company Announcements - Zhongwei Semiconductor is set to launch its first non-volatile memory chip, a low-power SPI NOR Flash with a capacity of 4M bits, filling a product gap in the Flash sector [2] - Nanshan Aluminum plans to invest approximately 437 million USD in a 250,000-ton electrolytic aluminum project in Indonesia [4] - Xinfengming intends to acquire a 35% stake in Dushan Port Development to enhance its supply chain capabilities [5] - Jiangxi Copper signed a cooperation framework agreement with China Ordnance Material Group for the purchase and sale of copper and nickel products [6] Performance Forecasts - Wan Tong Development expects a net loss of 500 million to 750 million yuan for 2025, attributed to strategic shifts and increased impairment losses [12] - Hunan YN anticipates a net profit of 1.15 billion to 1.4 billion yuan for 2025, driven by growth in lithium battery materials [13] - Tianjian Technology forecasts a net loss of 176 million to 250 million yuan for 2025, with potential delisting risk due to financial performance [14] - Leading companies like Guotou Securities and Xiangcai Securities project significant profit growth for 2025, with Guotou expecting 3.42 billion yuan, a 35.18% increase [27][28] Industry Trends - The tungsten market is experiencing improved supply-demand dynamics, benefiting companies like Xianglu Tungsten [1] - The photovoltaic industry continues to face challenges, with companies like Trina Solar projecting substantial losses due to market pressures [19] - The aluminum sector is seeing investment growth, particularly in overseas projects, as indicated by Nanshan Aluminum's plans [4] Stock Movements - Hualing Cable's stock will not be adversely affected by the termination of the acquisition [1] - Companies like Hunan YN and Guotou Securities are expected to see positive stock performance due to favorable profit forecasts [13][27]