对于业绩变动的原因，公告称，报告期内，公司营业收入及扣非后的归母净利润下降的主要原因是公司 产品的暂定价与审核价格之间的价差调整。公司主要客户为大型军工集团下属单位，最终用户为特定领 域用户，根据特定领域产品定价规定，公司的部分定型产品需要接受特定领域用户的审价，在未批价 前，公司向客户交付的价格按双方协商的合同暂定价格入账，待特定领域用户批价后进行调整。 1月19日晚间，天箭科技（002977）发布2025年度业绩预告，公司预计2025年度归母净利润为亏损1.76 亿元至2.5亿元，比上年同期下降1196.06%至1657.73%。预计扣非后的归母净利润为亏损1.76亿元至2.5 亿元，比上年同期下降1203.83%至1668.77%。 天箭科技强调，公司2025年度业绩受部分产品价格调整影响预计出现亏损，但公司主营业务未发生重大 变化。2026年，公司将在延续现有业务与产品体系的基础上，重点发力新型号与新产品的定型及量产工 作，并加速新技术的研发与验证进程，以进一步夯实主业优势，提升核心产品竞争力。同时公司也将扎 实做好战略规划与经营管理，积极稳健地推进业务增长。 同日晚间，天箭科技还披露了《关于公司股票 ...

Group 1 - The international gold price reached a new high, with COMEX gold peaking at $4698 per ounce due to rising market risk aversion following U.S. President Trump's proposal to impose new tariffs on eight European countries [1] - Domestic gold jewelry prices have increased, with brands like Chow Tai Fook raising the price of 24K gold jewelry to approximately 1455 yuan per gram, a rise of 19 yuan overnight [1] - The Shenzhen Shui Bei market saw gold jewelry prices rise from 1126 yuan per gram at the beginning of January to 1200 yuan per gram, indicating a significant price increase [1] Group 2 - Many gold jewelry brands are targeting the young consumer market by offering lightweight and co-branded gold products, which is seen as a key strategy for industry growth [2] - The World Gold Council reported that consumers aged 18 to 34 contribute over one-third of gold jewelry sales, indicating a generational shift in consumer demographics [2] - The rise of the "Z generation" as a new mainstay in gold consumption is reshaping the industry's operational logic and consumer preferences [2] Group 3 - New consumption models targeting young consumers, such as gold jewelry rental, are emerging in the retail market amid high gold prices [3] - Rental prices for wedding jewelry are typically calculated per gram, with ordinary soft gold priced at 30 yuan per gram and hard gold at 40 yuan per gram, making it an attractive option for young consumers [3] - Consumers are increasingly accepting rental jewelry as a practical response to high gold prices, allowing them to allocate saved funds for other investments [3]

人民财讯1月19日电，远东传动（002406）1月19日发布业绩预告，预计2025年归母净利1.48亿元至1.68 亿元，同比增长25.06%至41.96%。报告期内，公司取得良好的经营业绩，主要原因包括国内商用车市 场增长态势显著，新能源商用车、出口细分市场稳健攀升等。 ...

在新管理团队执掌近一年后，荣耀在年轻化、全球化、高端化转型中取得了实质进展。 在1月19日晚举行的2026年荣耀设计之夜上，荣耀"一口气"推出了三款新品，包括荣耀Magic8Pro Air、 荣耀500Pro MOLLY20周年限定版、荣耀Magic8RSR保时捷设计款。 这三款产品差异化特征均颇为显著，其中，荣耀Magic8Pro Air主打极致轻薄，机身厚度仅约6.1mm，重 量约155g，刷新行业旗舰机物理尺寸，瞄准追求极致轻薄的中高端人士；荣耀500Pro MOLLY20周年限 定版为行业首款潮玩手机，深度融合了泡泡玛特经典IP(如Molly)元素，覆盖机身外观设计、专属系统主 题与定制化周边配件，视觉辨识度拉满，瞄准热衷潮玩用品的年轻用户；荣耀Magic8RSR保时捷设计款 则将跨界超跑设计美学与顶级科技配置完美融合，代表荣耀品牌的顶级实力，瞄准崇尚设计美学与顶级 性能的超高端商务人士。 "通过这三款产品，荣耀全面覆盖当下国内主流的不同消费群体，同步展现荣耀在设计、技术与生态融 合上的核心实力，这一产品设计组合思路值得行业借鉴。"一位手机业人士表示。据了解，目前，行业 其他手机品牌也在跟进Air款以 ...

Core Viewpoint - The company, Jiu Wu Intelligent Technology Co., Ltd., is seeking to go public on the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for intelligent embodied industrial robots in China, with a significant market growth forecast ahead [1][4]. Company Overview - Jiu Wu Intelligent was established in 2017 and is recognized as one of China's leading companies in the intelligent embodied industrial robot sector, focusing on designing, developing, and deploying robots with perception, decision-making, and interaction capabilities [2]. - The company ranks second in the Chinese market for intelligent embodied industrial robot solutions, holding a market share of 5.9% as of 2024 [2]. Technology and Products - The company has developed a proprietary full-stack robotic technology, which includes core software and algorithms for robot perception, planning, control, and complex cluster scheduling, as well as critical hardware components like LiDAR, robotic arms, controllers, and drivers [2]. - Jiu Wu Intelligent's JOS robotic operating system, launched in 2018, is one of the first in China to integrate perception, motion control, and planning, enabling robots to perform various tasks [2]. Market Performance - The company has sold over 11,000 intelligent embodied industrial robots to 156 clients across 16 industrial sectors, including 48 listed companies or their subsidiaries [3]. - Revenue projections indicate that the company will generate 2.07 billion yuan in 2023 and 3.66 billion yuan in 2024, with profits of 9.13 million yuan and 32.64 million yuan, respectively [3]. Market Growth and IPO Plans - The intelligent embodied industrial robot market in China is expected to grow from 5.1 billion yuan in 2024 to 53.2 billion yuan by 2029, with a compound annual growth rate of 59.6% [4]. - The funds raised from the IPO will primarily be allocated to technology research and development, production facility construction, sales service network expansion, and strategic investments from 2026 to 2030 [4]. Shareholding Structure - The company's chairman and CEO, Wang Hongjun, holds 4.87% of the shares, while other major shareholders include Tunan Investment, Jiu You Intelligent, and Ju Chuang Intelligent, collectively holding 34.47% [4][5]. - Sequoia Capital holds an 11.34% stake in the company, while Shangrong Capital, through its subsidiaries, holds a combined 2.34% [5].

目前公司已形成了覆盖可编程逻辑器件(CPLD/FPGA)、数据转换(ADC/DAC)、存储芯片、总线接口、 电源管理、微控制器等多系列集成电路产品，这些产品可广泛应用于电子、通信、控制、测量等多个领 域。 公司在去年12月接待了招商证券、久联资管、云图启航、招银理财、申万菱信、西部利得、华宝基金、 人保资产、嘉实基金、柏骏资本、千泰投资等机构的调研，对于机构关注公司产品在端侧算力芯片的布 局情况，公司回应称，公司已经成功开发用于边缘计算领域的人工智能芯片，AI算力高达16Tops，可用 于人工智能设备的机器视觉识别、深度学习推理、各种大模型运算，且已在特种行业的多个客户小批量 试用。公司用于边缘计算领域，100Tops算力、视频编解码能力高达8K的人工智能芯片也正在研发中。 1月19日，成都华微(688709.SH)发布公告，预计2025年归属于上市公司股东的净利润盈利2.13亿至2.55 亿元，同比增长74.35%至108.73%；扣非净利润预计为1.83亿至2.20亿元，同比增幅达108.86%至 151.09%，盈利能力显著提升。 2024年，公司实现营业收入为6.04亿元，归属于母公司所有者的净利润为 ...

Core Viewpoint - Hunan YN Energy (301358) expects a significant increase in net profit for 2025, projecting a range of 1.15 billion to 1.4 billion yuan, representing a year-on-year growth of 93.75% to 135.87% due to the rapid development of the new energy vehicle and energy storage markets [1] Group 1: Company Performance - The company attributes its profit growth to the rising demand for lithium battery cathode materials driven by the rapid development of the new energy vehicle and energy storage markets, alongside a structural supply shortage [1] - Sales of phosphate cathode materials have surged, particularly as new products align with market demands for higher energy density, faster charging performance, and larger cell capacities [1] - The recovery of lithium carbonate prices in the second half of 2025, combined with effective cost control and ongoing integrated layout, has enhanced overall profitability [1] Group 2: Market Trends - The energy storage market is entering a rapid development phase due to advancements in large cell technology, market reforms, and increased demand from emerging applications like AI data centers [2] - The electrification penetration rate of passenger and commercial vehicles is increasing, which is expected to support growth in the power battery sector [2] Group 3: Competitive Landscape - Despite strong downstream market demand, the phosphate cathode materials industry faces profitability pressures and intense competition, with future competition relying on technological innovation and comprehensive industry chain strength [2] - The company aims to strengthen its competitive edge through continuous innovation, integrated layout, and high-quality differentiated products to seize market opportunities arising from technological upgrades [2] Group 4: New Product Development - New product lines such as the CN-5 series and YN-9 series are well-aligned with market trends towards larger energy storage cells and enhanced fast-charging capabilities, with a rapid increase in shipment proportions since 2025 [2] Group 5: Capacity Planning - The company plans to cautiously manage its capacity layout based on market conditions, leveraging its extensive construction experience and efficient team to enhance expansion efficiency in mature bases [3]

本次发行有助于缓解公司的资金压力，优化财务结构，降低公司资产负债率水平。目前，随着公司业务 规模的不断扩张，仅依靠自有资金及银行贷款已经较难满足公司快速发展的需求，本次发行的募集资金 将有效地解决公司不断发展所产生的资金缺口。此外，资本实力的夯实和资本债务结构的改善将有助于 增强公司后续通过银行信贷等手段进行融资的能力，拓展后续融资空间，为本次发行完成后公司业务的 升级和规模扩大提供有效支持、奠定资本基础。 2022年度、2023年度和2024年度，龙建股份归属于母公司股东的净利润分别为3.49亿元、3.34亿元和 4.13亿元，平均可分配利润为3.65亿元。龙建股份称，本次发行可转换公司债券募集资金金额不超过10 亿元（含本数），参考近期债券市场的发行利率水平并经合理估计，公司最近三年平均可分配利润足以 支付本次发行可转换公司债券一年的利息。 龙建股份处于基础设施建设行业，目前基建行业处于高速发展阶段。行业特点是建设周期长，经济效益 稳定，对国民经济和社会发展影响较大，是关乎国计民生的战略性行业。随着经济形势不断变化，传统 基建的更新改造和新基建的加快推进，已成为各国促进发展和改善经济重要手段。 龙建股份表 ...

人民财讯1月19日电，中粮科技（000930）近日在接待机构调研中表示，阿洛酮糖是公司与营养研究院 合作研发的新产品，主要原料为果葡糖浆，通过酶法转化制成。该项目已研发8年，技术转化效率行业 领先。公司目前通过三阶段布局产能：第一阶段与山东企业合作利用其设备快速投产；第二阶段在榆树 改造闲置设备，预计2026年投产；第三阶段在西北项目预留1万吨产能。公司强调产能建设将根据市场 反应灵活调整，重点在于市场开拓与头部企业合作。 ...

（原标题：今晚，突发公告！大牛股：终止收购星鑫航天） 今晚，两则公告引发市场关注！ 1月19日晚间，吴通控股公告，公司全资子公司国都互联未中标农业银行手机短信长号码代理服务商项目。此次项目未中标，预计将会对公司未来 经营业绩产生较大不利影响。 同日晚间，华菱线缆公告，因在部分具体协议条款上未能达成一致，公司终止收购湖南星鑫航天新材料股份有限公司控制权。 二级市场上，华菱线缆是一只商业航天概念"牛股"。2025年11月27日至2026年1月12日期间，公司股价涨幅达到178%。随后几个交易日，公司股 价从高位调整。 吴通控股：全资子公司未中标 吴通控股19日晚间公告，1月19日，中国农业银行股份有限公司"农银e采平台"发布了《中国农业银行股份有限公司手机短信长号码代理服务商项 目－中标候选人及中标结果公示》。根据相关公示，该项目按照最低评标价法评标，公司全资子公司北京国都互联科技有限公司（国都互联）未 中标及未入选备选人，目前该中标结果处于公示期。 应对措施方面，吴通控股称，在移动信息服务业务领域，公司将加强通道资源开发，加大成本及费用管控力度，提升运营效率，提高公司市场竞 争力。 吴通控股表示，中国农业银行股 ...