长江商报消息●长江商报记者 徐佳 历时超过半年，广电计量（002967.SZ）再融资顺利落地。 2月2日晚间，广电计量披露定增发行情况。公司以24.01元/股的价格向16名特定对象非公开发行股票5414.41万 股，募集资金总额约为13亿元。 长江商报记者注意到，本次发行中，国家军民融合产业投资基金二期、中国国有企业结构调整基金二期两支"国家 队"基金分别认购3亿元、1.8亿元，合计认购4.8亿元，占募资总额的比例约为37%。发行完成之后，两支基金均已 进入广电计量前十大股东之列。 作为国有控股的第三方计量检测龙头企业，面临数字化浪潮，广电计量将通过本次定增募资布局新兴领域，培育 新增长点，同时突破区域产能瓶颈，优化全国战略布局，并补充流动资金，增强抗风险能力。 数据显示，2025年前三季度，广电计量实现营业收入24.16亿元，同比增长11.86%；归属于上市公司股东的净利润 （以下简称"归母净利润"）2.39亿元，同比增长26.51%。 63名投资者申购16家获配 广电计量本次定增推进已有半年时间。 根据发行结果，广电计量本次定增发行价格为24.01元/股，较发行底价18.60元溢价29.09%。公司共发行 ...

长江商报消息●长江商报记者 沈右荣 功能饮料巨头东鹏饮料（605499.SH，09980.HK）成功完成"A+H"双平台布局。不过，港股市场试水首日，东鹏 饮料股价盘中破发。 2月3日，东鹏饮料如愿登陆港股市场，公司创始人、实际控制人林木勤与"东鹏大咖"首位代言人韩红现场敲锣。 盘中，公司股价一度跌至245.60港元/股，跌破发行价，收盘报251.8港元/股，表现平淡。 备受关注的是，东鹏饮料本次IPO，顶级"投资天团"押注，包括腾讯、淡马锡、卡塔尔投资局、贝莱德、红杉中国 等。 并不缺钱的东鹏饮料本次IPO募资101.41亿港元（约合人民币90.37亿元），将使公司现金流更为充足。 东鹏饮料港股上市，将加快推动全球化战略。目前东鹏饮料的产品已出口超30个国家和地区，印尼、越南等海外 子公司落地运营。 东鹏饮料热衷营销。2025年前九个月，公司销售费用超过26亿元，而研发费只有0.52亿元。 近年来，东鹏饮料积极开拓第二增长曲线，"抄作业"产品"东鹏补水啦"虽然贡献了不菲收入，但公司营业收入依 然对东鹏特饮高度依赖。 出海开拓，东鹏饮料还有很长的路要走。 顶级资本押注股价仍破发 备受关注的功能饮料龙头东鹏饮料 ...

Core Viewpoint - The "2026 Spring Festival Special Activity Plan" aims to stimulate consumer spending and enhance cultural experiences during the longest Spring Festival in history, which will feature a 9-day holiday from February 15 to 23, 2026 [1] Group 1: Activity Overview - The plan includes six key areas: food, accommodation, transportation, tourism, shopping, and entertainment, with various promotional activities such as traditional food events and home renovation sales [1] - Increased transportation capacity will be provided by civil aviation and railway departments to facilitate travel during the holiday [1] Group 2: Consumer Incentives - The plan encourages cities with trial programs for prize invoices to enhance prize offerings during the Spring Festival, promoting consumer participation through shopping lotteries and subsidies [2][3] - There will be an emphasis on increasing the number of trade-in subsidies for consumer goods during the holiday, particularly for automobiles and home appliances [3] Group 3: Financial Support - Financial institutions are encouraged to collaborate with key merchants to create exclusive Spring Festival promotions, including cash discounts and digital currency incentives [3] - Measures will be implemented to ensure adequate cash services and operational bank branches to meet consumer financial needs during the holiday [3] Group 4: Cross-Industry Collaboration - The plan promotes collaboration among various sectors, including dining, tourism, and entertainment, to offer bundled benefits such as hotel stays with complimentary attraction tickets [4] - Online platforms will be leveraged to drive consumer engagement, encouraging online reservations followed by offline experiences [4] Group 5: Enhancing Inbound Tourism - The initiative includes the creation of multilingual maps to guide international travelers in experiencing Chinese cultural heritage and customs [4] - Additional flight capacity will be allocated on international routes to support inbound tourism, combining air travel with cultural tourism products [4]

零食巨头三只松鼠（300783）（300783.SZ）喊了三年的"高端性价比"战略，似乎失灵了。 近日，三只松鼠发布业绩预告，公司预计2025年度实现归母净利润1.35亿元至1.75亿元，同比下降60% 左右；预计扣非净利润为4500万元至6500万元，同比下降80%左右。 2025年前三季度，公司实现的归母净利润、扣非净利润分别为1.61亿元、0.57亿元。 对比发现，第四季度，三只松鼠可能会出现亏损，即便盈利，也将是近四年最为糟糕的四季度业绩。 自2025年11月宣布涨价后，2026年1月19日，三只松鼠上调线下分销场景的部分坚果礼品类价格。 针对2025年经营业绩大幅下滑，三只松鼠解释称，2025年度，销售旺季（年货节）结构性错档、坚果原 料价格较大幅度上涨、主动调整销售结构等，再加上前期战略性投入，综合导致利润下滑。 值得一提的是，2024年，三只松鼠买流量的费用高达12亿元；2025年前三季度，公司销售费用超过16亿 元，同比增长24%，究其原因，也是因为买流量的费用增加。 第四季度业绩创近四年同期最差 三只松鼠的经营业绩大幅下滑。 根据近期发布的年度业绩预告，2025年度，三只松鼠预计实现归母净利 ...

合肥国资入主次年，启动对三佳科技（600520）(600520.SH)的"输血"计划。 2月1日晚间，三佳科技发布定增预案。公司拟向控股股东合肥市创新科技风险投资有限公司(以下简称"合肥创新投")发行股票募集资金总额不超过3亿 元，扣除发行费用后募集资金净额拟全部用于补充流动资金和偿还银行借款。 长江商报记者注意到，2025年初，合肥创新投拿下三佳科技控股权，三佳科技易主合肥国资。本次包揽三佳科技定增之后，合肥创新投的持股比例将提升 至23.47%，有助于进一步增强公司控制权的稳定性，并向市场传达对三佳科技未来发展前景的信心。 三佳科技表示，本次发行由合肥创新投全额认购，本次发行完成后公司控股股东合肥创新投直接持有公司股份比例将得到提升，有助于进一步增强公司控 制权的稳定性。同时，合肥创新投认购本次发行的股票表明了对公司未来发展前景的信心，并为公司后续发展提供了有力的资金支持，有利于维护公司市 场形象，提升公司整体投资价值。 值得一提的是，2002年初登陆资本市场后，三佳科技仅在2014年4月完成一笔定增，募资净额3.39亿元。 而对于三佳科技而言，控股股东的真金白银，将为公司继续发力半导体封装业务提供资金支 ...

Core Insights - The article highlights the successful integration of traditional culture and modern digital marketing by Gujinggongjiu through a live-streaming event featuring actress Liu Tao, aimed at boosting the consumption of liquor during the Chinese New Year [1][10] Group 1: Live Streaming Event - The live-streaming event titled "Celebrate the New Year with Gujing, Liu Tao Brings Good Fortune" was held on January 28, attracting significant consumer interest and engagement [1] - The event lasted nearly 4 hours, achieving impressive metrics such as over 30 million total exposures and more than 5 million cumulative viewers, with a peak online audience of 156,000 [3][4] Group 2: Sales Performance - During the live stream, the total exposure of products reached over 13 million, leading to stock shortages for several gift boxes, including the Year of the Horse limited edition and other premium offerings [4] - The live stream maintained an online audience of over 100,000 throughout, securing the top position in Douyin's real-time liquor category rankings, establishing a benchmark in the white liquor live-streaming sector [4] Group 3: Brand and Cultural Engagement - The success of the live stream is attributed to Gujinggongjiu's commitment to brand culture, precise understanding of consumer scenarios, and deep insights into regional consumer needs [6] - Liu Tao's popularity and relatability aligned perfectly with Gujinggongjiu's branding as a "national liquor," enhancing the connection with viewers through interactive elements and cultural messaging [8] Group 4: Marketing Innovation - The collaboration of "celebrity + culture + live streaming" represents an innovative marketing approach for Gujinggongjiu, effectively converting sales while promoting traditional brewing techniques and cultural heritage [10] - By leveraging a national-level live streaming platform, Gujinggongjiu successfully reached a broader audience, particularly younger consumers, facilitating a transformation towards a more youthful brand image [8][10]

Core Viewpoint - Greenway Technology (301322.SZ) is experiencing a significant decline in profitability due to adverse impacts from the overseas market, particularly the U.S. market, which has led to a substantial drop in expected net profits for 2025 [2][3][5]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of 40 million to 50 million yuan for 2025, representing a year-on-year decline of 64.82% to 71.86% [3][4]. - The expected net profit after excluding non-recurring gains and losses is projected to be between 2 million and 3 million yuan, reflecting a decrease of 97.16% to 98.11% year-on-year [3][4]. - Revenue from the U.S. market is expected to be approximately 48.69 million yuan in 2025, a decline of about 79.89% compared to 2024 [5]. Market Dynamics - The U.S. market has historically been a significant source of revenue for Greenway Technology, contributing to 53.22% of total revenue in 2023, which is expected to drop to 29.14% in 2024 and further to 10.97% in the first half of 2025 [4][5]. - The company is facing challenges due to high anti-dumping and countervailing duties imposed by the U.S. government, which have severely impacted its business operations in that market [5]. Strategic Initiatives - In response to declining U.S. market performance, Greenway Technology is diversifying its market presence by expanding into Southeast Asia and the Middle East, as well as investing in new product development [7][8]. - The company has acquired a 51% stake in Damo Semiconductor, marking its strategic shift from a focus solely on electric vehicles to the semiconductor industry, which is expected to provide new revenue streams [8][9]. - Greenway Technology is also pursuing a diversified product strategy, focusing on clean vehicles and electric all-terrain vehicles (UTVs) that are not subject to U.S. tariffs, aiming to reduce reliance on its core electric vehicle products [7][8]. Investment and Shareholder Actions - The founder of Damo Semiconductor plans to transfer 8.0240% of the company's shares to a fund under Chuangyu Investment for 83.45 million yuan, with Greenway Technology opting not to exercise its preemptive rights on this share transfer [9]. - The company's major shareholder, Zhang Zhijiang, and his spouse plan to increase their holdings in the company by investing between 20 million and 30 million yuan in the next six months [9].

Core Viewpoint - The explosive growth of the AI industry is driving significant performance gains in the electronic materials supply chain, exemplified by Honghe Technology's impressive earnings forecast for 2025, with net profit expected to increase by 745% to 889% year-on-year [1][2]. Group 1: Earnings Forecast - Honghe Technology anticipates a net profit of between 193 million to 226 million yuan for 2025, representing a year-on-year increase of 745% to 889% [1][2]. - The company's non-net profit is projected to reach between 187 million to 219 million yuan, reflecting a staggering year-on-year growth of over 33 times [2]. Group 2: Market Drivers - The primary driver behind the substantial earnings growth is the surge in demand from the AI terminal market, which has led to a simultaneous increase in both volume and price in the electronic-grade glass fiber cloth market [2]. - The company has achieved significant technological advancements and industry chain layout, with new products certified by downstream customers set to begin mass supply in 2025, coinciding with the AI industry's demand explosion [2]. Group 3: Expansion Plans - To address capacity constraints and capitalize on market opportunities, Honghe Technology has finalized a 995 million yuan fundraising plan aimed at expanding production capabilities [3]. - The fundraising will support the construction of high-performance glass fiber yarn production lines and a special glass fiber research center, with a total of 632.63 million yuan allocated for production line construction [3]. Group 4: Globalization Efforts - The company is accelerating its global expansion by establishing a production base in Malaysia, focusing on cutting and grinding capabilities to serve overseas markets, with international revenue now accounting for 20% of total income [4]. - Honghe Technology is also pursuing a listing on the Hong Kong Stock Exchange to broaden its financing channels and enhance its international brand presence [4].

第三季度净利润同比增11倍 公开资料显示，高德红外1999年成立于湖北武汉，2010年在深交所主板挂牌上市，是一家以红外热成像 技术为核心的综合光电系统及新型完整装备系统总体研制生产企业，业务涵盖了红外焦平面探测器芯 片、红外热成像整机及以红外热成像为核心的综合光电系统、完整装备系统总体、传统非致命性弹药及 信息化弹药四大业务板块。 2024年，因部分型号项目类产品价格下调及合同订单采购计划延期等因素，型号项目类产品收入较上年 同期下降，对利润实现产生较大影响，高德红外出现上市以来首次年度亏损。 2025年，公司凭借自身全产业链布局优势，持续推动红外技术创新成果在国防与民用领域的双向转化与 协同突破，加快高科技成果的产业化进程，业绩大幅增长。 长江商报消息 ●长江商报记者 李璟 业务需求快速释放，"红外第一股"高德红外（002414.SZ）业绩大增。 根据高德红外日前发布的业绩预告，预计公司2025年实现归母净利润为7亿元至9亿元，同比扭亏为盈。 长江商报记者注意到，2025年以来，高德红外接连斩获大单，持续为公司带来新的收入和利润增长。 对于业绩变动原因，高德红外表示，2025年原延期的型号项目类产品恢复交 ...

Core Viewpoint - Pinming Technology (688109.SH) has reported significant growth in its performance, with a forecasted revenue of 420 million to 450 million yuan for 2025, remaining stable compared to the previous year, while net profit is expected to increase by 46.13% to 58.83% [1][2] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 46 million to 50 million yuan for 2025, marking a year-on-year increase of 46.13% to 58.83% [1][2] - The non-deductible net profit is projected to be between 34.4 million and 38.4 million yuan, with a growth rate of 63.60% to 82.62% [1][2] - The company has achieved continuous growth in net profit for three consecutive years, recovering from a loss in 2022 to a profit of 12.43 million yuan in 2023 and 31.48 million yuan in 2024, reflecting year-on-year growth of 122.19% and 153.27% respectively [2] Group 2: Business Strategy and Operations - The growth in performance is attributed to the company's focus on "quality improvement and efficiency enhancement" and the optimization of its operational quality [3] - The company has seen an increase in revenue from its construction information software business, which has improved its revenue structure and overall profitability [2][3] - Cost control measures have been effective, with reductions in research and sales expenses, and improved collection efficiency on accounts receivable [3] Group 3: AI Development and Partnerships - Pinming Technology is deepening the application of AI in the construction information sector, with its AI model "Pinming Xiaozhu" currently in the early stages of promotion [4][5] - The company has entered into a share transfer agreement with Tongzhi Technology, which acquired 12.55 million shares, representing 15.92% of the total share capital, for a total price of 496 million yuan [5] - Following the transaction, Tongzhi Technology has committed to not seeking control or reducing its shareholding for specified periods, indicating a strategic partnership focused on intelligent applications [5] Group 4: Research and Development - The company has increased its investment in research and innovation, with a total of 59 patents and 351 software copyrights held as of mid-2025 [6] - An additional 47 invention patents are under substantive examination, showcasing the company's technological advancement and R&D capabilities [6] - In the first three quarters of 2025, the company invested 61.93 million yuan in research and development [6]