Group 1 - The core point of the news is that Lianchuang Optoelectronics experienced a stock price increase of 5.36%, reaching 66.46 yuan per share, with a trading volume of 1.196 billion yuan and a turnover rate of 4.14%, resulting in a total market capitalization of 30.141 billion yuan [1] - Lianchuang Optoelectronics, established on June 30, 1999, and listed on March 29, 2001, is located in Nanchang, Jiangxi Province. The company specializes in the research, production, and sales of semiconductor laser series, microelectronic components, high-temperature superconducting induction equipment, intelligent control products, backlight source products, optoelectronic communication, and intelligent equipment cables, as well as metal materials [1] - The main business revenue composition of Lianchuang Optoelectronics includes: intelligent control 49.81%, backlight source and applications 36.15%, laser series and traditional LED chip products 7.77%, optoelectronic communication and intelligent equipment cables and metal materials 4.45%, and others 1.83% [1] Group 2 - From the perspective of fund holdings, one fund under Zhongyou Fund has a significant position in Lianchuang Optoelectronics. The Zhongyou Multi-Strategy Flexible Allocation Mixed Fund (000706) held 30,000 shares in the second quarter, accounting for 4.31% of the fund's net value, making it the fifth-largest holding [2] - The Zhongyou Multi-Strategy Flexible Allocation Mixed Fund (000706) was established on July 24, 2014, with a latest scale of 40.5747 million yuan. Year-to-date, it has achieved a return of 5.49%, ranking 6757 out of 8234 in its category; over the past year, it has returned 4.44%, ranking 7086 out of 8083; and since inception, it has returned 63.48% [2]

Core Viewpoint - The concept of controllable nuclear fusion stocks is experiencing a significant surge, with multiple companies seeing substantial stock price increases [1] Group 1: Stock Performance - Yongding Co. and Wangzi New Materials both reached the daily limit increase [1] - Hezhong Intelligent has achieved six consecutive trading limit increases over ten days [1] - Antai Technology has seen three consecutive trading limit increases [1] - Zhongzhou Special Materials and Lianchuang Optoelectronics have both risen over 8% [1] - Other companies such as Haheng Huaton, Xuguang Electronics, Guoguang Electric, Changfu Co., Baili Electric are also experiencing upward trends [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The controlled nuclear fusion sector is experiencing steady progress in research and construction, with continuous order releases, indicating a positive long-term development outlook [8][35] - The BEST device construction has fully commenced, and the core component bidding is expected to accelerate [6][22] - Recent breakthroughs in plasma discharge frequency and intensity by Zap Energy mark significant advancements towards commercialization [20][21] Summary by Sections Sector Review - In the week of October 9-10, 2025, most segments within the controlled nuclear fusion sector saw price increases, with notable gains in individual stocks such as Hahai Huadong (+29.6%), Hezhuan Intelligent (+21.0%), and Antai Technology (+21.0%) [5][15] - The magnetic materials segment rose by 10.9%, vacuum chamber and metal forgings by 10.8%, and upstream metal materials by 7.6% [17] Industry Dynamics - The BEST device's key component, the Dewar base, has been successfully installed, marking a new phase in the project [22] - Germany announced a €2 billion fusion action plan aimed at establishing a demonstration reactor by the 2040s [25] - Gauss Fusion released a concept design report for Europe's first commercial fusion power plant, with an estimated investment of €15-18 billion [31] Company Developments - Hangyang Group won a bid for a low-temperature liquid helium testing system project, which is crucial for the controlled nuclear fusion low-temperature system [34] Weekly Perspective - The ongoing development of nuclear fusion devices and the release of orders are viewed positively for the sector's long-term prospects, with a focus on core components such as magnets, main units, and power supplies [35]

Core Viewpoint - The company, Lianchuang Optoelectronics, announced a share buyback plan, indicating a commitment to enhancing shareholder value through the repurchase of its own shares [2] Summary by Categories Company Actions - As of September 30, 2025, the company has repurchased a total of 1,863,400 shares through the Shanghai Stock Exchange, representing 0.4109% of its current total share capital [2]

Core Viewpoint - Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. announced the progress of repaying loans and repurchasing minority shares of its subsidiary, Jiangxi Lianchuang Display Technology Co., Ltd. [1] Transaction Overview - The company plans to repurchase 33.0229% of shares from Nanchang Airport Industry Equity Investment Management Co., Ltd. for 100 million yuan, making Jiangxi Lianchuang Display a wholly-owned subsidiary [2] - The repurchase will be recorded as a long-term payable according to accounting standards, effectively repaying the debt owed to the investment company [2] Transaction Progress - On September 2, 2025, the shares were publicly listed for transfer, with the deadline for bidding set for September 29 [3] - Jiangxi Lianchuang was the only bidder, and on September 30, a contract was signed for the share transfer, with the payment already completed [3] Contract Main Content - The contract specifies that the transferor is the investment company and the transferee is Jiangxi Lianchuang, with the transfer price set at 100 million yuan [4] - The payment is to be made in a lump sum within five working days after the contract becomes effective, and the registration change must be completed within ten working days after the issuance of the transaction certificate [4] Transaction Impact and Risks - The repurchase is part of fulfilling prior agreements and will not significantly impact the company's financial status or operational results [5] - However, the need for further registration changes may pose some risks that investors should be aware of [5]

Core Viewpoint - Lianchuang Optoelectronics (600363.SH) has announced a share buyback program, indicating confidence in its stock value and future prospects [1] Summary by Categories Share Buyback Details - The company has repurchased a total of 1.8634 million shares, which represents 0.4109% of its current total share capital [1] - The highest purchase price was 62.00 CNY per share, while the lowest was 53.44 CNY per share [1] - The total amount spent on the buyback is 105 million CNY, excluding transaction fees such as stamp duty and commissions [1]

证券代码：600363 证券简称：联创光电 公告编号：2025-077 江西联创光电科技股份有限公司 关于股份回购进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/1/24 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 2 2 | 10 | 日~2026 | 年 | 月 | 日 9 | | 预计回购金额 | 10,000万元~15,000万元 | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 1,863,400股 | | | | | | | 累计已回购股数占总股本比例 | 0.4109% | | | | | | | 累计已回购金额 | 104,635,782.73元 | | | | | | | ...

Group 1 - Company Lianchuang Optoelectronics (SH 600363) announced on October 9 that it has repurchased approximately 1.86 million shares, accounting for 0.4109% of its total share capital, with a total expenditure of approximately 105 million RMB [1] - The shares were repurchased through the Shanghai Stock Exchange trading system at a maximum price of 62 RMB per share and a minimum price of 53.44 RMB per share [1] - As of the announcement, Lianchuang Optoelectronics has a market capitalization of 29.8 billion RMB [2]

证券代码：600363 证券简称：联创光电 编号：2025-076 江西联创光电科技股份有限公司 关于偿还借款暨回购子公司江西联创显示科技有限公司 少数股权的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 江西联创光电科技股份有限公司（以下简称"公司"）以自有或自筹资金 10,000 万元偿还南昌临空产业股权投资管理有限公司（以下简称"临空产业投资 公司"）借款暨回购其持有的公司控股子公司江西联创显示科技有限公司（以下 简称"联创显示"）33.0229%股权（以下简称"本次交易"）。 2025 年 9 月 30 日，公司通过江西省产权交易所摘牌方式受让临空产业 投资公司持有的联创显示 33.0229%股权，交易价格为 10,000 万元。同日，公司 与临空产业投资公司就本次交易签署《产权交易合同》。目前，本次交易股权转 让价款已支付。 本次交易尚需办理工商登记变更等法律法规规定的程序，公司将严格按 照相关法律、法规要求，履行信息披露义务，敬请广大投资者注意投资风险。 一、交易概述 公司于 202 ...

Core Viewpoint - The superconducting sector continues to strengthen, with several companies experiencing significant stock price increases, indicating growing investor interest and potential market opportunities [1] Company Summaries - Western Superconducting Technologies, Yongding Co., and Jinbei Electric all reached their daily price limit, reflecting strong market performance [1] - Other companies such as Jingda Co., Baili Electric, Lianchuang Optoelectronics, Dongfang Tantalum, Baoshen Co., and Zhongtian Technology also saw their stock prices rise, indicating a broader trend in the superconducting industry [1]