Core Viewpoints - The report emphasizes the importance of energy security amid the US-Iran conflict and highlights investment opportunities in the construction sector during the upcoming Two Sessions, focusing on major projects, urban renewal, and new productivity infrastructure [1][4]. Section Summaries 1. Investment Opportunities Ahead of the 2026 Two Sessions - The report predicts that the Two Sessions will continue the "proactive fiscal policy + structural monetary easing" approach, with three main focuses: major projects, urban renewal, and new productivity infrastructure. Infrastructure investment growth is expected to rebound from approximately -1% in 2025 to around 6.2% in 2026, becoming a key driver for stabilizing fixed asset investment [12][13]. 2. Mainline Selection - Structural recovery in infrastructure investment is anticipated, particularly in regions like Sichuan, Xinjiang, and Tibet, supported by central government funding. The report suggests monitoring order fulfillment and company PE levels, with a focus on companies such as Sichuan Road and Bridge, Xinjiang Communications Construction, and others [20][22]. 3. Timing Theme Investments - The report identifies urban renewal, underground pipelines, environmental codes, and the Middle East situation as key investment themes. It highlights the importance of urban renewal policies and the expected increase in demand for underground pipeline construction, with over 700,000 kilometers planned for renovation during the 14th Five-Year Plan, requiring over 5 trillion yuan in new investment [4][12]. 4. Left-Side Recommendations - Major construction state-owned enterprises are currently undervalued and have low institutional holdings. The report suggests focusing on companies with strong cash flow management and stable dividend policies, such as China State Construction, China Railway Construction, and others [4][20]. 5. Investment Recommendations - The report recommends focusing on energy security due to escalating US-Iran tensions, with specific suggestions for companies in chemical engineering, nuclear power, and oil and gas sectors. It also emphasizes the importance of urban renewal and underground pipeline projects, recommending companies like China State Construction and China Communications Construction [4][24]. 6. Key Company Valuations and Financial Analysis - The report provides a detailed valuation and financial analysis of key companies in the construction sector, indicating a generally positive outlook with buy ratings for major players such as China State Construction, China Railway, and others, reflecting their potential for growth and recovery [5][18].

证券代码：600667 证券简称：太极实业 公告编号：临2026-010 无锡市太极实业股份有限公司 2026年第一次临时股东会决议公告 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： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2026年2月27日 (二)股东会召开的地点：江苏省无锡市梁溪区兴源北路401号26楼太极实业公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集、董事长方涛先生主持。会议召集、召开及表决方式符合《公司法》和《公 司章程》等有关规定。 (五)公司董事和董事会秘书的列席情况 1、公司在任董事9人，列席8人，非独立董事胡嘉玙女士因公请假，未能出席本次会议； 审议结果：通过 2、董事会秘书出席了本次会议；公司高管人员列席了本次会议。 二、议案审议情况 (一)非累积投票议案 1、议案名称：关于变更注册资本并修订《公司章程》的议案 ...

证券代码：600667 证券简称：太极实业 公告编号：临 2026-010 无锡市太极实业股份有限公司 2026年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 1,297 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 747,022,210 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 35.7163 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集、董事长方涛先生主持。会议召集、召开及表决 方式符合《公司法》和《公司章程》等有关规定。 (一) 股东会召开的时间：2026 年 2 月 27 日 (二) 股东会召开的地点：江苏省无锡市梁溪区兴源北路 401 号 26 楼太极实业 公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持 ...

太极实业 2026年第一次临时股东会 法律意见书 江苏世纪同仁律师事务所 关于无锡市太极实业股份有限公司 2026年第一次临时股东会的法律意见书 无锡市太极实业股份有限公司: 根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国 证券法》《上市公司股东会规则》和《上海证券交易所上市公司自律监管指引第 1 号-规范运作》等法律、法规和规范性文件以及《公司章程》的规定,本所受公 司董事会的委托,指派本所律师出席公司 2026年第一次临时股东会,并就本次 临时股东会的召集、召开程序、出席会议人员资格、召集人资格、表决程序以及 表决结果等事项的合法有效性出具法律意见。 为出具本法律意见书,本所律师对本次临时股东会所涉及的有关事项进行了 审查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本所律师同意将本法律意见书随公司本次临时股东会决议一并公告,并依法 对本法律意见书承担相应的责任。 本所律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业 务标准、道德规范和勤勉尽责精神,出具法律意见如下: 一、关于本次临时股东会的召集、召开程序 江苏世纪 太极实业 2026年第一次临时股东 ...

2月26日，太极实业涨5.74%，截至发稿，报11.42元/股，成交9.96亿元，换手率4.33%，总市值238.85亿 元。太极实业股价已经连续4天上涨，区间累计涨幅14.41%。 从太极实业十大流通股东角度 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居太极实业十大流通股东。南方中证1000ETF（512100）三季度减 持14.39万股，持有股数1348.5万股，占流通股的比例为0.64%。根据测算，今日浮盈赚取约836.07万 元。连续4天上涨期间浮盈赚取1833.96万元。 截至发稿，崔蕾累计任职时间7年113天，现任基金资产总规模1370.2亿元，任职期间最佳基金回报 250.66%， 任职期间最差基金回报-15.93%。 资料显示，无锡市太极实业股份有限公司位于江苏省无锡市梁溪区兴源北路401号21层，成立日期1993 年7月26日，上市日期1993年7月28日，公司主营业务涉及半导体(集成电路)市场领先的制造与服务商,半 导体(集成电路)制造板块主要为半导体封测业务,半导体(集成电路)服务板块主要为电子高科技工程技术 服务业务。主营业务收入构成为：工程总包78.52%，封装测试9.08 ...

对于马年股市"开门红"，市场多评价"意料之内"。"这是一个积极的信号，表明在众多政策利好的推动 之下，市场对后续发展抱有积极预期。"无锡市上市公司协会相关负责人表示，抛开"过去十年节后'开 门红'占多数"这种经验性分析不谈，马年股市开门红，是政策强力托底、资金集中回流、外围普涨带 动、春节消费超预期等叠加形成的共振行情。 值得关注的是，全国两会前后，A股市场或将以政策催化为核心驱动力，资金将围绕政策导向的产业主 线与主题机会展开博弈，呈现"政策热点轮动、风格快速切换"的特征。此外，随着上市公司2025年年报 披露进入密集期，以及后续2026年一季报逐步亮相，业绩超预期标的有望获得资金重点聚焦，成为后续 行情的核心主线之一。（陈文君） 从行业分布来看，此次飘红的锡企主要集中在存储芯片、磷化工、环保设备、新能源汽车和电网设备等 当下市场热点板块。个股方面，除涨停个股外，德科立、亿能电力、怡达股份、电工合金等企业股价也 表现亮眼，涨幅居前，形成鲜明的板块联动效应。 太极实业表现强劲，当日涨幅9.91%，成交额达32.66亿元，成交量3.06亿股。"太极实业的涨停与存储 芯片行业的持续升温密切相关。"无锡市上市公司协 ...

Core Viewpoint - The Jiangsu state-owned enterprise reform sector experienced a 1.4% increase on February 24, with Taiji Industry leading the gains [1] Group 1: Market Performance - On the same day, the Shanghai Composite Index closed at 4117.41, up by 0.87% [1] - The Shenzhen Component Index closed at 14291.57, increasing by 1.36% [1] Group 2: Capital Flow - The main capital flow into the Jiangsu state-owned enterprise reform sector was a net inflow of 153 million yuan [1] - Retail investors contributed a net inflow of 128 million yuan, while speculative funds saw a net outflow of 281 million yuan [1]

Core Viewpoint - The storage chip sector is experiencing a significant surge due to increased demand driven by the AI boom, leading to a reversal in supply-demand dynamics and an upward price cycle for storage products [2][3]. Group 1: Market Performance - Beijing Junzheng's stock rose over 10%, with other companies like Taiji Industry and Shikong Technology hitting the daily limit, and Wanrun Technology, Baiwei Storage, Lanke Technology, Zhaoyi Innovation, and Shannon Chip also seeing gains [1]. - The top gainers in the market included Delong Laser (+13.25%), Juguang Technology (+12.17%), and Beijing Junzheng (+11.48%) [2]. Group 2: Industry Dynamics - The AI data center construction is accelerating the demand for high-bandwidth storage chips such as DRAM and HBM, with major manufacturers actively controlling ordinary storage capacity to focus on high-end AI storage, optimizing the supply-demand landscape [4]. - SK Hynix reported that its DRAM and NAND inventory has dropped to a low of approximately 4 weeks, with expectations for continued decline throughout the year, enhancing the original manufacturers' pricing power [3]. - Samsung is negotiating the pricing for its latest AI storage chip, HBM4, which is expected to be priced 20% to 30% higher than the previous generation, with an anticipated price of around $700 [3]. Group 3: Related Industries - The storage chip manufacturing sector is set to benefit from the dual increase in product volume and pricing, providing substantial growth potential for companies focused on storage chip R&D and manufacturing [4]. - The chip packaging and testing industry, particularly for high-end HBM chips, will see growth opportunities as the demand for advanced packaging technologies like 2.5D and 3D increases [4]. - The expansion of storage chip capacity and technological upgrades will drive demand for semiconductor materials and equipment, benefiting companies with core technological advantages and accelerating the domestic substitution process [4].

Core Viewpoint - Taiji Industry (600667) emphasizes that its stock price is influenced by multiple factors and the company will focus on its core business while enhancing operational and market value management to boost investor confidence and reflect the company's value more reasonably in the market [1] Group 1 - The company plans to concentrate on its main business operations [1] - It aims to implement various measures to enhance investor confidence [1] - The company seeks to ensure that its value is more accurately represented in the market [1]

Group 1 - The core point of the article is that Taiji Industry (600667.SH) has stated on its investor interaction platform that its semiconductor business does not involve HBM products [1]