1月14日中午，中国宝能披露，宝能集困董事长、观致汽车实控人姚振华于1月13日向最高人民法院、江 苏省高级人民法院实名举报：常熟市委常委陈国栋，常熟经开区管委会和常熟市人民法院串通一气、联 手操纵侵吞观致汽车80亿元资产。 以下为姚振华举报全文： 常熟市委常委陈国栋，常熟经开区管委会和常熟法院的违法违规行为，将造成观致股东宝能集团260亿 元的巨额投资血本无归，严重损害股东合法权益，严重损害1500家供应商及几十家机构债权人合计139 亿元债权的合法权益，严重破坏成熟的法制环境、营商环境。 本人姚振华，现任宝能集团董事长，也是观致汽车实控人，观致汽车注册资本169亿元，宝能集团持股 63%，本人现郑重向最高人民法院江苏省高级人民法院实名举报，常熟市委常委陈国栋，常熟经开区管 委会和常熟市人民法院串通一气、联手操纵。 在观致汽车2.7亿元执行案件中，违法成立清算工作组，强制封控观致汽车工厂、设备，严重超额查封 执行，强制拍卖观致汽车、土地、厂房及常规机器设备、专用车型设备等核心资产。 经第三方机构评估，该资产价值80亿元，而常熟法院仅低评为15亿元，并在苏州中院2025年12月22日立 案受理观致汽车破产重整后 ...

Core Viewpoint - The announcement by Zhixing Technology highlights its selection as a supplier for a Korean automotive group's advanced driver-assistance solutions, marking a significant strategic milestone for the company in its international expansion efforts [2] Group 1: Partnership Details - Zhixing Technology has received a "Designated Development Notification" from a Korean automotive group, confirming its role as a supplier for four vehicle models [2] - The company will provide integrated driving and parking assistance solutions based on Horizon's Journey series computing platform [2] - The expected sales volume for these solutions over the lifecycle of the four models (2026 to 2033) is projected to reach one million units, with nearly half of the products destined for overseas markets [2] Group 2: Strategic Significance - This collaboration is a critical breakthrough for Zhixing Technology in its internationalization strategy, demonstrating the company's ability to meet high global market standards [2] - The partnership is expected to further strengthen and enhance the company's market competitiveness [2] Group 3: R&D and Risk Management - Zhixing Technology is committed to actively advancing related research and development efforts for the project [2] - The company acknowledges the risks and uncertainties associated with the research and development of integrated driving assistance solutions and plans to enhance risk management to mitigate potential market volatility impacts [2]

Core Viewpoint - The company, YueLing Co., plans to transfer a 10.05% stake in Zhongshi Guangxin (Shishi) Co., Ltd. through public listing, with a base price set at 161 million yuan, aiming to optimize asset structure and improve capital efficiency [2][4]. Group 1: Transaction Details - The stake being sold is a financial investment by YueLing Co., with clear ownership and no encumbrances or legal disputes affecting the rights [2]. - The valuation for the transaction is based on an asset appraisal report from Zhejiang Zhonglian Asset Appraisal Co., with a book value of 196 million yuan and an assessed value of 161 million yuan, reflecting a depreciation of 35 million yuan, or 17.87% [2][3]. - The proceeds from the sale will be used to supplement the company's working capital or for investments related to its main business [3][4]. Group 2: Company Background - Zhongshi Guangxin was established on June 10, 2019, with a registered capital of 241.24 million yuan, focusing on the R&D and manufacturing of optoelectronic devices [3]. - As of October 31, 2025, Zhongshi Guangxin's total assets are reported at 687.30 million yuan, with net assets of 41.22 million yuan, and a net loss of 11.58 million yuan for the period from January to October 2025 [3]. - YueLing Co. holds a 10.05% stake in Zhongshi Guangxin, while the founder, Su Hui, is the largest shareholder with an 18.22% stake [3]. Group 3: Strategic Intent - The transfer of the stake is not related to the company's core business assets, and the goal is to revitalize existing assets, recover funds, and enhance overall operational efficiency and risk resilience [4]. - If the initial listing does not result in a sale, the maximum reduction in the transfer price will not exceed 20% [3].

1月14日，亿晶光电连发两则公告，分别披露2025年年度业绩预亏情况及股票可能被实施退市风险警示的相关风险提 示，公司2025年业绩大幅亏损且期末净资产为负，经营发展面临多重挑战。 根据业绩预亏公告，亿晶光电预计2025年度实现归属于母公司所有者的净利润为-45,000万元至-60,000万元，扣除非经 常性损益后的归属于母公司所有者的净利润为-44,750万元至-59,750万元。同时，公司预计2025年度期末净资产 为-6,800万元至-13,000万元，较上年同期的49,769.30万元大幅下滑，由正转负。 回顾上年同期经营业绩，亿晶光电2024年利润总额为-242,722.28万元，归属于母公司所有者的净利润为-209,028.64万 元，扣除非经常性损益后的归属于母公司所有者的净利润为-209,210.43万元，每股收益为-1.77元/股。 对于2025年业绩预亏的主要原因，公司公告指出三点核心因素。 其一，2025年国内光伏行业进入转型重塑阶段，尽管"反内卷"治理取得积极成效，产业链价格逐步筑底回升，但受前 期阶段性结构性产能错配的惯性影响，供需失衡持续，行业整体疲软，盈利能力未得到修复。 其二， ...

Core Viewpoint - The company plans to raise up to 690.6577 million yuan through a private placement of A-shares to strengthen its RFID core business, upgrade technology research and development, and supplement working capital, aiming to maintain its leadership in the IoT industry [2][5]. Fundraising Details - The fundraising plan has been approved by the company's board and targets no more than 35 specific investors, including securities investment funds, securities companies, and insurance institutional investors, all subscribing in cash [2]. - The issuance price will be no less than 80% of the average stock price over the 20 trading days prior to the pricing date, with the final price determined through negotiation based on subscription bids [2]. - The total number of shares to be issued will not exceed 221,927,220, representing no more than 30% of the company's total share capital before the issuance [2]. Allocation of Funds - The raised funds will be allocated to five major projects: - RFID electronic tag production line construction: 190.339 million yuan, expected to add a capacity of 2 billion RFID tags [3][4]. - Innovation industry center construction: 94.7617 million yuan, focusing on vertical application model research and smart equipment production in IoT and AI [3][4]. - RFID electronic tag chip process upgrade: 70.4 million yuan, aimed at developing next-generation chips with large storage capacity and data encryption [3][4]. - IoT smart terminal construction: 135.157 million yuan, for customized IoT terminal devices and cultural products [3][4]. - Supplementing working capital: 200 million yuan, to optimize capital structure and enhance financial strength [3][4]. Company Background - The company is the first listed RFID company in China and a global leader in RFID and IoT technology solutions, with over 30 years of industry experience and more than 600 authorized patents and proprietary technologies [5]. - It holds a leading market position in smart railways, smart culture, and apparel retail, aligning its fundraising efforts with national industrial policy and the rapid development trends in the IoT and RFID industries [5].

Group 1 - The core viewpoint of the news is that Woge Optoelectronics anticipates a revenue increase for 2025, despite projecting a net loss due to increased R&D and operational costs [2] - The company expects to achieve an operating revenue between 240 million to 270 million yuan, representing a year-on-year growth of 8.07% to 21.58% [2] - The anticipated net profit attributable to the parent company is projected to be between -100 million to -140 million yuan, with a net profit excluding non-recurring gains and losses expected to be between -115 million to -160 million yuan [2] Group 2 - For 2026, Woge Optoelectronics is set to launch its first domestic 8th generation OLED glass processing production line in the first half of the year [3] - The company is advancing the application of glass-based circuit boards in various fields, including Mini/Micro LED displays, 5G-A/6G communications, and advanced semiconductor packaging [3] - Woge Optoelectronics aims to leverage its integrated capabilities in flexible film materials for satellite solar wings, actively promoting product testing and new customer development [3]

案件核心事实显示，李胜曾任职于九江天赐，期间签订了《劳动合同》《商业保密、竞业限制协议》等文件，离职前担任过电池生产部工艺技术总监、生产 运营总监、制造部总监、工厂厂长、电解质工厂总监、总工程师等多个关键职务，掌握九江天赐核心商业秘密。时任浙江研一公司董事长的岳敏为获取该商 业秘密，承诺给予李胜高额顾问费及高管职位，诱使李胜伙同郑飞龙（已判刑）等人向浙江研一公司披露相关商业秘密。浙江研一公司为此向李胜支付人民 币万元，向郑飞龙支付50万元。 根据法院判决，依照《中华人民共和国刑法》相关条款及《最高人民法院、最高人民检察院关于办理侵犯知识产权刑事案件适用法律若干问题的解释》相关 规定，经审判委员会讨论决定：被告单位浙江研一新能源科技有限公司犯侵犯商业秘密罪，判处罚金人民币二千万元（所处罚金已缴纳）；被告人岳敏犯侵 犯商业秘密罪，判处有期徒刑二年八个月，缓刑三年，并处罚金人民币二百万元（缓刑考验期限从判决确定之日起计算，所处罚金已缴纳）；被告人张春晖 犯侵犯商业秘密罪，判处有期徒刑一年六个月，缓刑二年，并处罚金人民币五十万元，其违法所得人民币万元将用于赔偿九江天赐公司经济损失。 公告指出，若本次判决生效条件达成， ...

Core Insights - The company, SUTENG JUCHUANG, announced significant business updates and unaudited operational data for the year ending December 31, 2025, highlighting major breakthroughs in new product launches and sales of LiDAR products [2] Group 1: Sales Performance - In Q4 2025, SUTENG JUCHUANG sold approximately 459,600 LiDAR units, with 238,400 units for Advanced Driver Assistance Systems (ADAS) and 221,200 units for robotics and other applications, indicating strong quarterly growth [2] - For the entire year of 2025, total LiDAR sales reached approximately 912,000 units, marking a significant scale breakthrough [2] Group 2: Market Segmentation - Within the annual sales, ADAS LiDAR products accounted for about 609,000 units, becoming the core growth engine for the company [2] - LiDAR products for robotics and other applications totaled approximately 303,000 units, showcasing the vast market potential across diverse application scenarios [2]

Group 1 - The core point of the announcement is that Sega Technology has made significant progress in its investment in Guangcai Xincheng Technology Co., Ltd., having paid 120 million yuan and officially holding a 20% stake in the company [2] - The investment began on December 26, 2025, with the board approving a transaction price of 275 million yuan for the 20% stake through capital increase and acquisition of shares from founding shareholders [2] - Following the completion of the equity change registration, Guangcai Xincheng's registered capital increased from 662.0427675 million yuan to 762.7801653 million yuan [2] Group 2 - In terms of shareholding structure, Sega Technology holds 20% of the company with a registered capital contribution of 15.25560407 million yuan, making it the largest shareholder [3] - The second-largest shareholder is Jindi United Holdings Group Co., Ltd., with a 16.0072% stake, contributing 12.2100128 million yuan [3] - Other significant shareholders include Jiaxing Hetong Intelligent Technology Partnership and Jiaxing Xinchuan No. 1 Equity Investment Fund Partnership, holding 11.3778% and 10.7318% respectively [3]

Core Viewpoint - Shengxin Lithium Energy is expected to continue reporting losses in 2025, but the extent of the losses is projected to narrow compared to the previous year, indicating a trend of improving operational performance [3]. Financial Performance - For the period from January 1, 2025, to December 31, 2025, the net profit attributable to shareholders is expected to be a loss of 600 million to 850 million yuan, compared to a loss of 621.58 million yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 500 million to 750 million yuan, a significant improvement from the loss of 897.40 million yuan in the previous year [3]. - The basic earnings per share are expected to be a loss of 0.66 to 0.94 yuan per share, compared to a loss of 0.69 yuan per share in the same period last year [3]. Factors Influencing Performance - The company's performance in 2025 is primarily influenced by the supply and demand dynamics within the industry, as well as increased foreign exchange losses due to the depreciation of the US dollar [3]. - Positive factors include a rebound in lithium product market prices in the second half of the year and the commencement of sales from the Indonesian factory, which are expected to contribute to an increase in gross profit compared to the previous year [3].