中邮证券研报指出，联动科技营收稳健增长，股份支付短期影响业绩表现。得益于公司积极开拓市场， 产品销售收入有所增加。前三季度共计产生0.12亿元股份支付费用，股权激励股份支付分摊一定程度影 响了公司的利润水平。公司产品关键技术指标达国内领先、国际先进水平，核心竞争力突出；集成电路 测试系统兼具模拟与数字信号测试能力，核心性能指标与同类进口设备相当，具备较强的国产化替代潜 力。市场开拓多点发力，业务规模有序扩容，进一步夯实核心竞争壁垒。公司全力推进大规模数字SoC 类集成电路测试领域新产品的研发与验证工作，因产品技术复杂度高，验证周期相对较长。首次覆盖给 予"买入"评级。 ...

Group 1 - The core viewpoint of the report indicates that the profitability of Xing Sen Technology's main business has significantly improved, with expectations to turn profitable by 2025 [1] - The AI-driven substrate market is experiencing high demand, and the company's scarce production capacity is becoming increasingly valuable [1] - Xing Sen Technology is one of the few domestic manufacturers with both BT and ABF substrate capabilities, making its production and technical capabilities particularly rare in the current market context [1] Group 2 - The demand for IC substrates is expected to continue rising due to explosive growth in AI chips, high-performance computing (HPC), and 5G communication sectors, leading the industry into a new growth phase [1] - The global IC substrate market is projected to reach USD 16.69 billion by 2025, increase to USD 18.44 billion by 2026, and eventually expand to USD 45.34 billion by 2035 [1] - The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 10.51% from 2026 to 2035 [1] Group 3 - The company is expected to benefit from the AI wave, with its PCB and semiconductor businesses continuing to perform well [1] - Earnings per share (EPS) projections for the company are estimated at CNY 0.08, CNY 0.25, and CNY 0.40 for the years 2025, 2026, and 2027 respectively [1] - The report maintains a "recommend" rating for the company [1]

格隆汇2月10日｜安森美半导体公布去年第四季度业绩，营收同比下滑11%至约15.3亿美元，略好于分 析师预期的约15.2亿美元；调整后每股收益为0.64美元，远低于上年同期的约0.95美元，仍超过分析师 预期的0.62美元。期内，电源解决方案部门营收同比下滑11%至7.24亿美元，智能传感部门收入同比下 降17%至2.5亿美元，模拟和混合信号部门收入同比下降9%至5.56亿美元。展望第一季度，安森美预计 营收将在14.4亿至15.4亿美元之间，中间值低于分析师预期的15.1亿美元。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 ST萃华（维权）(002731.SZ)跌停报10.77元，总市值27.59亿元；1月29日至今，该股累计跌幅逾32%。ST萃华公告称，公司于近日收到中国证监会下发的 《立案告知书》，因公司涉嫌信息披露违法违规，中国证监会决定对公司立案。目前公司部分经营活动和业务尚能开展。在立案调查期间，公司将积极配合 中国证监会的相关调查工作，并严格按照相关法律法规的规定和监管要求及时履行信息披露义务。(格隆汇) ...

格隆汇2月10日｜据Business Insider，云软件供应商赛富时本月初裁减了不到1000个职位。知情人士 称，此次裁员涉及营销、产品管理、数据分析和Agentforce人工智能产品相关的岗位。 ...

Group 1 - The A-share market saw a collective decline in gold concept stocks, with notable drops including Caibai Co., Ltd. hitting the daily limit down, and Baoding Technology falling over 7% [1] - Other companies such as Silver Industry and Sichuan Gold also experienced significant declines, with drops exceeding 4% and 3% respectively [1] Group 2 - Specific stock performance data shows Caibai Co., Ltd. down by 9.99% with a total market value of 19.1 billion, while Baoding Technology decreased by 7.55% with a market cap of 7.511 billion [2] - Sichuan Gold and Xiaocheng Technology reported declines of 3.74% and 3.59% respectively, with market values of 19.7 billion and 16.2 billion [2] - The year-to-date performance indicates that despite recent declines, some companies like Xiaocheng Technology have seen a significant increase of 94.33% since the beginning of the year [2]

Core Viewpoint - The A-share market saw a broad increase in bank stocks, with Shanghai Bank, Construction Bank, CITIC Bank, Minsheng Bank, Bank of Communications, and Zheshang Bank all rising over 1% [1] Group 1: Stock Performance - Shanghai Bank (601229) increased by 1.82%, with a total market capitalization of 142.8 billion and a year-to-date decline of 0.50% [2] - Construction Bank (601939) rose by 1.58%, holding a market cap of 2,354.4 billion, and has a year-to-date decline of 3.02% [2] - CITIC Bank (601998) saw a rise of 1.47%, with a market cap of 421.8 billion and a year-to-date decline of 1.56% [2] - Minsheng Bank (600016) increased by 1.27%, with a market cap of 174.3 billion and a year-to-date increase of 3.92% [2] - Bank of Communications (601328) rose by 1.19%, with a market cap of 602.6 billion and a year-to-date decline of 5.93% [2] - Zheshang Bank (601916) increased by 1.01%, with a market cap of 82.4 billion and a year-to-date decline of 1.32% [2] Group 2: Additional Bank Performance - Chongqing Rural Commercial Bank (601077) rose by 0.91%, with a market cap of 75.6 billion and a year-to-date increase of 6.49% [2] - Everbright Bank (601818) increased by 0.90%, with a market cap of 198.5 billion and a year-to-date decline of 0.78% [2] - Nanjing Bank (6000009) rose by 0.89%, with a market cap of 140.5 billion and a year-to-date decline of 0.61% [2] - Lanzhou Bank (001227) increased by 0.86%, with a market cap of 13.4 billion and a year-to-date increase of 3.46% [2] - Postal Savings Bank (601658) rose by 0.77%, with a market cap of 626.9 billion and a year-to-date decline of 2.05% [2] - Agricultural Bank (601288) increased by 0.75%, with a market cap of 2,365.9 billion and a year-to-date decline of 11.98% [2] - Bank of China (601988) rose by 0.74%, with a market cap of 1,746.4 billion and a year-to-date decline of 5.41% [2] - Qingdao Bank (002948) increased by 0.72%, with a market cap of 32.5 billion and a year-to-date increase of 24.78% [2]

Core Viewpoint - Citigroup has raised the net profit forecasts for Luoyang Molybdenum for 2025, 2026, and 2027 by 3.8%, 34.2%, and 17.5% respectively, reaching 20.5 billion, 33.9 billion, and 31.8 billion yuan [1] Group 1: Profit Forecasts - The net profit for 2025 is projected at 20.5 billion yuan, for 2026 at 33.9 billion yuan, and for 2027 at 31.8 billion yuan [1] - The significant increase in the 2026 profit forecast is attributed to the expected contribution from newly acquired assets [1] Group 2: Asset Acquisition - Luoyang Molybdenum announced the acquisition of Brazilian gold assets in December 2025, completing the transaction in January 2026 [1] - The newly acquired assets are expected to contribute 7.1 tons of attributable gold production in 2026, generating approximately 2.4 billion yuan in net profit, which accounts for about 7% of total net profit [1] Group 3: Target Price Adjustment - Citigroup has raised the target price for Luoyang Molybdenum from 20.6 HKD to 28.3 HKD and maintains a "Buy" rating [1]

格隆汇2月10日｜凯投宏观的分析师Thomas Mathews表示，标普500指数今年可能会得到科技股的支 撑。他预计，尽管年初走势动荡，2026年对该指数仍将是良好的一年。Mathews指出，尽管市场对人工 智能资本支出及其可能对部分公司商业模式造成负面影响有所担忧，但科技公司的盈利前景依然"相当 乐观"。他表示，凯投宏观一直对美股持积极态度，目前还不是放弃的时候。凯投宏观预测标普500指数 年底将上涨至8000点。 ...

格隆汇2月10日｜基于首个产业级2Bit端侧量化方案，腾讯混元今天正式推出一款面向消费级硬件场景 的"极小"模型HY-1.8B-2Bit，等效参数量仅有0.3B，内存占用仅600MB，比常用的一些手机应用还小。 通过对此前混元的小尺寸语言模型——HY-1.8B-Instruct进行2比特量化感知训练（QAT）产出，这一模 型对比原始精度模型等效参数量降低了6倍，并且在沿用原模型全思考能力同时，在真实端侧设备上对 比原始精度模型生成速度提升2—3倍，可大幅提升使用体验。此次腾讯混元推出HY-1.8B-2Bit模型，可 以在边缘设备上无压力部署。这也是首个在实现2bit产业级量化的端侧模型实践。 ...