Group 1 - The company Sichuan Chuangxin Electronics announced the appointment of Mr. Zhu Cheng as the new Chief Financial Officer [1] - The board of directors approved the resolution regarding the appointment of the CFO [1] Group 2 - International gold prices have surpassed $5,000, marking a 280% increase over the past seven years [1] - Experts suggest that the future of gold prices will depend on the US dollar, with a focus on the international monetary system, interest rate cuts, and technological revolutions [1]

证券代码：600990 股票简称：四创电子 编号：临 2026-008 四创电子股份有限公司 关于回购注销部分限制性股票通知债权人的公告 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。 一、通知债权人的原由 四创电子股份有限公司（以下简称"公司")于 2026 年 1 月 7 日召开八届十 二次董事会，并于 2026 年 1 月 27 日召开 2026 年第一次临时股东会，审议通过 《关于回购注销部分限制性股票的议案》。具体内容详见公司于上海证券交易所 网站(www.sse.com.cn)及上海证券报披露的《四创电子关于回购注销部分限制性 股票的公告》(编号：临 2026-003)。 根据《四创电子股份有限公司长期股权激励计划暨首期实施方案》，由于首 次授予中激励对象任小伟先生因工作调整原因，已不符合公司首期限制性股票激 励计划（以下简称"本激励计划"）中有关激励对象的规定，根据本激励计划的 相关规定，公司决定回购注销前述已获授但尚未解除限售的全部限制性股票 23,731 股。回购完毕后，公司将向中国证券登记结算有限责任公司上 ...

股东会法律意见书 安徽天禾律师事务所 关于四创电子股份有限公司 二○二六年第一次临时股东会的法律意见书 致：四创电子股份有限公司 依据《证券法》《公司法》《上市公司股东会规则》和《四创电 子股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 安徽天禾律师事务所接受四创电子股份有限公司（以下简称"公司"） 的委托，指派马慧、吴佳玥两位律师（以下简称"本所律师"）就公 司于2026年1月27日召开的2026年第一次临时股东会（以下简称"本 次股东会"）出具法律意见书。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精 神，参与了本次股东会，并对公司提供的有关文件和事实进行了核查 和验证，现出具法律意见如下： 一、本次股东会的召集程序 本次股东会由公司董事会召集。公司董事会于2026年1月9日在 《上海证券报》和公司指定的信息披露网站上刊登了《关于召开二○ 二六年第一次临时股东会的通知》。 本所律师认为，公司本次股东会的召集程序符合法律、法规、规 范性文件和《公司章程》的规定。 二、本次股东会的召开程序 1、本次股东会于2026年1月27日下午14:30如期召开，董事长张 成伟先生因工作原因未能出席 ...

证券代码：600990 证券简称：四创电子 公告编号：临 2026-007 四创电子股份有限公司 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 | 427 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 117,606,300 | | 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份总数的比例（%） | 43.3851 | (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。 本次会议由公司第八届董事会召集，董事长张成伟先生因工作原因未能出席 本次会议，由过半数的董事推举，现场会议由董事张小旗先生主持，本次会议以 现场投票与网络投票相结合的方式进行表决，会议的召集、召开和表决方式符合 《公司法》《公司章程》及《股东会议事规则》的有关规定，本次会议决议合法、 有效。 (一) 股东会召开的时间：2026 年 1 月 27 日 ...

Core Viewpoint - The stock price of Sichuan Electronics has shown fluctuations, with a recent increase of 2.01% but a year-to-date decline of 8.56%, indicating potential volatility in the market [1][2]. Company Overview - Sichuan Electronics, established on August 18, 2000, and listed on May 10, 2004, is located in Hefei, Anhui Province. The company primarily operates in the radar, smart industry, and energy sectors, including meteorological radar, air traffic control radar, and various related products [2]. - The revenue composition of Sichuan Electronics includes radar and related products (53.16%), public safety products (26.24%), power products (15.10%), mobile support equipment (4.68%), and others (0.83%) [2]. Financial Performance - As of September 30, 2025, Sichuan Electronics reported a revenue of 1.041 billion yuan, a year-on-year decrease of 4.64%. The net profit attributable to shareholders was -90.20 million yuan, reflecting a significant decline of 123.05% [3]. - The company has distributed a total of 276 million yuan in dividends since its A-share listing, with 1.997 million yuan distributed over the past three years [4]. Shareholder Information - As of September 30, 2025, the number of shareholders for Sichuan Electronics was 33,500, a decrease of 0.25% from the previous period. The average number of circulating shares per shareholder increased by 0.25% to 8,035 shares [3]. - Notable changes in institutional holdings include a decrease in shares held by major shareholders, with new entries from two funds, indicating shifts in investor interest [4].

Investment Rating - The report maintains a "Recommended" rating for the controllable nuclear fusion industry, indicating an expectation of significant growth in the sector over the next 3-6 months [3][49]. Core Insights - The 2026 Nuclear Fusion Energy Technology and Industry Conference held in Hefei is expected to accelerate the industrialization of nuclear fusion, with major procurement projects and collaborative laboratory projects being signed [1][8]. - Star Ring Fusion has completed a 1 billion yuan Series A financing round, which will expedite the commercialization of nuclear fusion technology, with plans to complete engineering validation by 2028 and establish a demonstration reactor by around 2032 [9][1]. - The report anticipates that the domestic nuclear fusion projects will see a total investment of approximately 146.5 billion yuan, with capital expenditures expected to enter an expansion phase from 2025 to 2028, leading to increased orders in the industry chain [8][1]. Summary by Sections Industry Overview - The report highlights the significant participation of over 1,500 attendees from various sectors, including government, academia, and finance, at the 2026 Nuclear Fusion Energy Technology and Industry Conference [8]. - The conference aims to foster collaboration across innovation, industry, finance, and talent chains to build a synergistic nuclear fusion energy ecosystem [8]. Financing and Investment - Star Ring Fusion's 1 billion yuan financing round was led by Shanghai Guotou and other investment groups, focusing on developing a unique high-temperature superconducting spherical tokamak technology [9][1]. - The report notes that the nuclear fusion industry is entering a capital expenditure upcycle, with significant investments expected to drive order volumes in the supply chain [1][8]. Market Performance - The report provides a performance review of the nuclear fusion sector, noting that several companies have seen substantial stock price increases, with top performers including New Wind Power (+42%) and China Nuclear Construction (+27%) [22][26]. - The report also tracks bidding activities, indicating a total bidding amount of 1.28 billion yuan in early January 2026, with several high-value projects being awarded [12][15]. Recommended Companies - The report continues to recommend companies such as Hezhong Intelligent and Lianchuang Optoelectronics, while suggesting attention to Guoguang Electric [3][23]. - It emphasizes the importance of the magnet segment, recommending companies like Western Superconducting and Yongding Co., which have significant value contributions in the nuclear fusion supply chain [33][3].

四创电子股份有限公司 2026 年第一次临时股东会会议资料 目录 一、会议议程 二、议案 三、决议 四创电子股份有限公司 2026 年第一次临时股东会会议资料 四、股东会法律意见书 1/7 四创电子股份有限公司 2026 年第一次临时股东会会议资料 一、会议议程 会议主持人：张成伟先生 现场会议时间：2026年1月27日（星期二），下午14:30 网络投票时间：2026年1月27日（星期二） 采用上海证券交易所网络投票，通过交易系统投票平台的投票时间为股东会 召开当日的交易时间段：上午9:15－9:25，9:30-11:30,下午13:00－15:00；通 过互联网投票平台的投票时间为股东会召开当日的9:15-15:00 现场会议地点：四创电子高新区会议室 2/7 根据《四创电子股份有限公司长期股权激励计划暨首期实施方案》的相关规 定，激励对象获授的限制性股票完成股份登记后，若公司发生资本公积转增股本、 派送股票红利、股份拆细、配股或缩股、派息等事项，公司应对激励对象已获授 但尚未解除限售的限制性股票的回购价格及回购数量进行调整。因此，首次授予 回购激励对象涉及的限制性股票回购价格调整为12.57元/股（经2 ...

Investment Rating - The report assigns an "Accumulate" rating for the controlled nuclear fusion industry [26]. Core Insights - The controlled nuclear fusion sector is experiencing significant growth, with increasing procurement demands and notable financing activities, such as the completion of a 1 billion RMB Series A funding round by Star Ring Fusion [3][22]. - The 2026 Nuclear Fusion Technology and Industry Conference highlighted advancements in plasma technology, including the successful operation of the "Xuanlong-50U" hydrogen-boron plasma high-confinement mode discharge, marking a significant milestone in fusion research [16][19]. - The establishment of the Fusion Financial Institutions Alliance aims to facilitate the transition of nuclear fusion from laboratory research to engineering and commercialization, involving 130 financial and technology service institutions [24][25]. Summary by Sections Market Performance - During the week of January 12-16, the nuclear fusion index fell by 3.22%, underperforming the broader market indices [8][11]. Tender and Bid Information - Significant procurement activities were reported, focusing on superconducting materials and structural components, with total procurement amounts nearing 100 million RMB [10][13]. Domestic and International News - The 2026 Nuclear Fusion Technology and Industry Conference, held in Hefei, attracted over 1,500 participants and featured major procurement projects and collaborations [14][19]. - Japan announced the opening of three top fusion research facilities to private enterprises, marking a shift towards public-private collaboration in fusion technology [19][20]. Investment Dynamics - Star Ring Fusion's 1 billion RMB Series A financing is one of the largest in the domestic fusion energy sector, indicating strong confidence in the commercialization of next-generation energy technologies [22]. - The Fusion Financial Institutions Alliance was formed to enhance capital efficiency and support the commercialization of nuclear fusion technologies [24][25]. Investment Recommendations - The report suggests focusing on key components of controlled nuclear fusion, including magnets, power supplies, and structural components, with specific companies highlighted for potential investment [26].

Core Viewpoint - The stock of Sichuan Electronics has experienced a decline of 8.97% year-to-date and a significant drop of 17.66% over the past five trading days, indicating potential challenges in the company's performance and market perception [1]. Company Overview - Sichuan Electronics, established on August 18, 2000, and listed on May 10, 2004, is located in Hefei, Anhui Province. The company primarily operates in the radar industry, smart industry, and energy industry, focusing on products such as meteorological radar, air traffic control radar, low-altitude warning radar, and various related components [1]. - The revenue composition of the company includes radar and supporting products (53.16%), public safety products (26.24%), power products (15.10%), mobile support equipment (4.68%), and others (0.83%) [1]. Financial Performance - For the period from January to September 2025, Sichuan Electronics reported a revenue of 1.041 billion yuan, reflecting a year-on-year decrease of 4.64%. The net profit attributable to the parent company was -90.20 million yuan, a significant decline of 123.05% compared to the previous year [2]. - The company has distributed a total of 276 million yuan in dividends since its A-share listing, with 19.97 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Sichuan Electronics was 33,500, a decrease of 0.25% from the previous period. The average number of tradable shares per person increased by 0.25% to 8,035 shares [2]. - Notable changes in institutional holdings include a decrease in shares held by major shareholders such as Yongying Low Carbon Environmental Selection Mixed Fund and Hong Kong Central Clearing Limited, while new shareholders like Huashang New Trend Preferred Mixed Fund entered the top ten list [3].

【导读】传媒板块整体火热，商业航天板块继续回调；华夏幸福（600340）大举跌停，封单超180万手 大家好！来一起关注最新的市场行情和资讯～ 1月14日，A股主要指数开盘涨跌不一：上证指数微幅低开，创业板指涨0.34%。随后市场震荡走强，截至发稿， 上证指数涨0.79%，深证成指涨1.6%，创业板指涨1.75%；超4200只个股上涨。 行业板块上，传媒、计算机、有色金属等板块走高，AI应用、电子商务、稳定币等概念股火热；商业航天板块 热度退潮，银行板块走低。 来看详情—— 商业航天板块继续回调 1月14日上午，A股国防军工板块走低，商业航天、大飞机、军工信息化等热门赛道继续回调。 个股方面，北斗星通（002151）、四创电子（600990）、航天长峰（600855）、通宇通讯（002792）等多股集 体跌停。 | 序号 代码 | 名称 | 现价 涨跌 涨跌幅 ~ | | | | --- | --- | --- | --- | --- | | 1 | 002151 北斗星通 54.19 | | | -6.02 -10.00% | | വ | 002792 通宇通讯 | 62.97 -7.00 -10.00% | ...