AI Industry Insights - In February 2026, China's AI model API usage surpassed the US for the first time, with 41.2 trillion tokens compared to the US's 29.4 trillion tokens[5] - The average daily usage of large models in China increased by 263% from H1 2025 to H2 2025, reaching 37 trillion tokens[12] - The demand for domestic computing power is experiencing exponential growth, driven by the rapid adoption of AI technologies[5] Market Performance - The median price change for technology growth stocks on the Beijing Stock Exchange was +0.70% from February 24 to February 27, 2026, with 63% of companies showing an increase[37] - Notable gainers included *ST Yun Chuang (+29.55%), Ke Li Co. (+21.79%), and Tonghui Information (+19.06%) during the same period[37] Valuation Metrics - The median TTM P/E ratio for the mechanical equipment sector rose from 44.0X to 50.0X, while the electronic equipment sector's median P/E increased from 60.5X to 61.0X[43][44] - The median market capitalization for electronic equipment companies increased from 22.4 billion yuan to 23.2 billion yuan[44] Sector Developments - The Beijing Stock Exchange has 28 companies in the AI+ industry chain, covering various segments such as computing power services, AI applications, and AI-powered products[31][32] - The AI computing market in China is projected to reach $25.9 billion in 2025, reflecting a year-on-year growth of 36.2%[26]

陕西天润科技股份有限公司 2025 年年度业绩快报公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 一、2025 年年度主要财务数据和指标 单位：元 | 项目 | 本报告期 | 上年同期 | 变动比例% | | --- | --- | --- | --- | | 营业收入 | 206,861,923.51 | 178,506,064.87 | 15.89% | | 利润总额 | 4,772,729.04 | 4,511,119.01 | 5.80% | | 归属于上市公司股 | 6,178,951.04 | 5,832,857.82 | 5.93% | | 东的净利润 | | | | | 归属于上市公司股 东的扣除非经常性 | 2,247,158.28 | 1,526,422.91 | 47.22% | | 损益的净利润 | | ...

一、本次股票解除限售数量总额为 504,549 股，占公司总股本 0.5663%，可交易 时间为 2026 年 2 月 25 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控 | | | | 本次解 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 股股东、 | | 本次 | 本次解除 | 除限售 | 尚未解除限 | | 序号 | 股东姓名 | 实际控制 | 任职情况 | 解限 | 限售登记 | 股数占 | 售的股票数 | | | 或名称 | 人或其一 | | 售原 | 股票数量 | 公司总 | 量 | | | | 致行动人 | | 因 | | 股本比 | | | | | | | | | 例 | | | 1 | 陈利 | 是 | 董事、总 | A | 94,153 | 0.1057% | 23,984,087 | | | | | 经理 | | | | | | 2 | 张尔严 | 否 | 副总经理 | A | 103,946 | 0.1167% | 639,094 | | 3 | 胡俊勇 | 否 | 董事、副 | A ...

证券代码：920564 证券简称：天润科技 公告编号：2026-004 二、募集资金管理情况 陕西天润科技股份有限公司 关于募集资金专项账户完成销户的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、募集资金基本情况 2022 年 3 月 30 日，公司收到中国证券监督管理委员会下发的《关于同意陕西天润科 技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕656 号），同意公司向不特定合格投资者公开发行股票的注册申请。 为规范公司募集资金管理，保护投资者合法权益，根据《北京证券交易所上市公司 持续监管办法（试行）》、《北京证券交易所股票上市规则》等相关要求，公司制定了《募 集资金管理制度》。根据相关规定，公司对募集资金实行专户存储，在银行设立募集资金 专户。2022 年 5 月 31 日，公司联同保荐机构开源证券分别与上海浦东发展银行股份有限 公司西安分行、招商银行股份有限公司西安雁塔路支行签订《募集资金专户三方监管协 议》。 自《募集资金管理制度》制定和《募集资金专户 ...

Group 1 - In the past month (from December 27, 2025, to January 26, 2026), a total of 18 companies listed on the Beijing Stock Exchange (BSE) received institutional research, with Xingchen Technology being the most notable, attracting 31 participating institutions [1] - Among the 18 companies, 16 were researched by brokerages, 11 by funds, 5 by private equity, and 4 by insurance companies [1] - The companies that received the most attention from institutions include Tietuo Machinery, Wuxin Tunnel Equipment, and Jikang Technology, with 27, 23, and 16 participating institutions respectively [1] Group 2 - The average market capitalization of all companies on the BSE as of January 26 was 3.327 billion yuan, while the average market capitalization of the companies that received research was 4.205 billion yuan [2] - The companies with the highest market capitalization among those researched include Kaifa Technology, Fujida, and Jinhua New Materials [2] - The average stock price increase for the researched companies over the past month was 5.46%, with notable gainers including Tianrun Technology, Tairis, and Fujida, which saw increases of 24.61%, 18.46%, and 13.52% respectively [1][2]

证券代码：920564 证券简称：天润科技 公告编号：2026-003 陕西天润科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 □业绩说明会 □媒体采访 √现场参观 □新闻发布会 □分析师会议 □路演活动 活动地点：公司会议室 参会单位及人员：东北证券、汇安基金、广发基金、大唐英加基金（排名不 分先后） 上市公司接待人员：公司董事长贾友先生、公司董事会秘书谢宏博先生、公 司董事会办公室主任徐航先生 三、 投资者关系活动主要内容 □其他 二、 投资者关系活动情况 活动时间：2026 年 1 月 22 日 问题 1：公司在香港地区的业务开展情况如何？香港业务的实施对公司海外 业务的开拓带来哪些积极影响？ 回答：公司自 2021 年通过公开投标中标我国香港地区多个三维数码地图制 作和航空摄影项目，连续多年为香港地区提供航空摄影数据获取、街景激光扫描、 城市高精度三维建模、平台研发、城市空间信息数据更新等技术服务。2025 年 平 ...

证券代码：920564 证券简称：天润科技 公告编号：2026-002 陕西天润科技股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2026 年 1 月 16 日 2.会议召开地点：公司会议室 3.会议召开方式：现场（提供网络投票） 5.会议主持人：董事长贾友 6.召开情况合法合规的说明： 本次股东会的会议召集、召开、议案审议程序等符合《公司法》等有关法律、 行政法规、部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 11 人，持有表决权的股份总数 64,121,016 股，占公司有表决权股份总数的 71.9623%。 其中通过网络投票参与本次股东会的股东共 4 人，持有表决权的股份总数 2,454 股，占公司有表决权股份总数的 0.0028%。 （三）公司董事、高级管理人员出席或列席股东会情况 4.会议召集人：董事会 2.回避表决情况 本议案 ...

二〇二六年一月 751 ZHONG LUN 中 倫 律 師 事 務 所 特殊的普通合伙 Limited Liability Partnership 北京市中伦律师事务所 关于陕西天润科技股份有限公司 2026 年第一次临时股东会的 法律意见书 深圳 · 广州 · 武汉 · 成都 重庆 · 青岛 · 杭州 · 南京 · 海口 · 东京 · 香港 · 纽约 · 洛杉矶 · 旧金山 · 阿拉木图 明区会和东路 20号院正大中心 3号楼 South Tower of CP Center, 20 Jin He Fast Avenue 电话/Tel : +86 10 5957 2288 传真/Fax : +86 10 6568 1022/1838 北京市中伦律师事务所 关于陕西天润科技股份有限公司 2026年第一次临时股东会的 法律意见书 致:陕西天润科技股份有限公司 北京市中伦律师事务所(以下简称"本所")接受陕西天润科技股份有限公 司(以下简称"公司")委托,指派本所律师对公司 2026年第一次临时股东会进 行见证,并出具《北京市中伦律师事务所关于陕西天润科技股份有限公司 2026 年第一次临时股东会的法律意见书》( ...

Core Insights - Tianrun Technology (920564) experienced a price increase of 4.47% today, with a turnover rate of 42.70% and a trading volume of 653 million yuan, showing a price fluctuation of 32.32% [2] Trading Activity - Institutional investors net sold 5.41 million yuan, while brokerage seats collectively net bought 8.21 million yuan [2] - The stock was listed on the龙虎榜 due to its price fluctuation of 32.32% and turnover rate of 42.70% [2] - The top five brokerage seats accounted for a total trading volume of 147 million yuan, with a buying amount of 75.03 million yuan and a selling amount of 72.23 million yuan, resulting in a net buying of 2.80 million yuan [2] Institutional Participation - Among the brokerage seats listed, two institutional specialized seats were involved, with a total buying amount of 11.42 million yuan and a selling amount of 16.83 million yuan, leading to a net sell of 5.41 million yuan [2] - Over the past six months, the stock has appeared on the龙虎榜 11 times, with an average price increase of 0.42% the day after being listed and an average increase of 0.46% in the following five days [2]

Market Overview - On January 12, the North Exchange A-shares trading volume reached 43.52 billion yuan, an increase of 13.69 billion yuan from the previous trading day[1] - The North Exchange 50 Index closed at 1605.77, up 5.35%, with a PE_TTM of 67.48 times[1] - The North Exchange Specialized and Innovative Index closed at 2782.05, rising by 6.92%[1] Stock Performance - Out of 287 companies on the North Exchange, 272 rose, 0 remained flat, and 15 declined[1] - The top five gainers were: - Zhongcheng Technology (30.0%) - Tianrun Technology (30.0%) - Xingtum Control (30.0%) - Tonghui Information (30.0%) - Liujin Technology (29.9%)[1] - The top five decliners were: - Hongxi Technology (-6.2%) - Henghe Co., Ltd. (-3.0%) - Hengdong Light (-2.5%) - Haixi Communication (-2.3%) - Jiahua Technology (-2.2%)[1] Investment Insights - The overall trading activity on the North Exchange was robust, benefiting from the overall heat in the A-share market, which saw a record trading volume of 3.64 trillion yuan[3] - The technology growth sector, including AI applications, commercial aerospace, and controlled nuclear fusion, experienced significant gains, driving related companies on the North Exchange[3] - The North Exchange's focus on innovative small and medium enterprises aligns well with current policy support for "new quality productivity," suggesting continued benefits from the deepening technology growth trend[3] Risks - Potential risks include policy regulatory risks, unexpected policy changes for the North Exchange, and intensified industry competition[4]