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。 二、2023年员工持股计划股票的出售情况 重要内容提示： ■ 一、2023年员工持股计划基本情况 公司分别于2023年8月25日召开第六届董事会第四次会议、2023年9月15日召开2023年第一次临时股东大 会审议通过了《关于〈环旭电子股份有限公司2023年员工持股计划（草案）〉及其摘要的议案》等相关 议案，具体内容详见公司于2023年9月16日在上海证券交易所网站披露的公告。 2023年11月23日，公司回购专用账户（B882423910）中所持有的372,000股公司股票以非交易过户形式 过户至公司2023年员工持股计划账户，过户价格为14.54元/股，具体内容详见公司于2023年11月25日披 露的《关于2023年员工持股计划完成股票非交易过户的公告》（公告编号：临2023-116）。 公司委托信托机构设立信托计划通过二级市场以集中竞价交易方式购买公司股票，截至2024年1月16 日，已完成购买公司股份合计5,722,397股，占公司总股本的0.26%，成交总金额为人民币8 ...

Investment Rating - The investment outlook for the Chinese electronic components industry is stable, with overall credit quality expected to remain unchanged over the next 12 to 18 months [5][8]. Core Insights - The industry is driven by the recovery in consumer electronics, rapid growth in automotive electronics, and advancements in artificial intelligence, with traditional consumer electronics providing basic demand support but limited impact on overall growth [15][21]. - The industry is expected to gradually transition towards high-end products, with leading companies leveraging their high-end capacity and technological advantages to maintain a competitive edge [15][21]. - The overall credit risk in the electronic components industry is manageable, with no significant changes in ratings and no instances of bond extensions or defaults reported [22]. Industry Fundamentals Analysis - In 2025, domestic policies such as "trade-in" programs effectively boosted demand in the downstream market, helping to stabilize the electronic components industry amid fluctuating international trade conditions and tariff policies [9][11]. - The global competition landscape in the electronic components sector has remained stable, with significant growth in revenue and profits across various sub-sectors, although operating cash flow has declined [7][22]. - The industry is expected to see substantial order growth driven by automotive electronics and AI demand, with potential for upward adjustments in industry outlook if favorable conditions persist [7][8]. Credit Performance of Industry Enterprises - The financial performance of enterprises within the electronic components industry has improved, with revenue and profit growth reported, although operating cash flow has decreased [22][27]. - The average revenue growth for sample enterprises in the electronic components sector was 27.14% year-on-year, with significant contributions from AI-related demands [27][28]. - The debt scale of sample enterprises increased, but the overall financial leverage remains low, indicating good debt repayment capabilities [34][35].

证券代码：601231 证券简称：环旭电子 公告编号：2026-016 公司委托信托机构设立信托计划通过二级市场以集中竞价交易方式购买公 司股票，截至 2024 年 1 月 16 日，已完成购买公司股份合计 5,722,397 股，占公 司总股本的 0.26%，成交总金额为人民币 82,129,501.83 元（不含交易费用），成 交均价约 14.35 元/股。公司 2023 年员工持股计划已完成拟持有的公司股票的过 户和购买，持有公司股票合计 6,094,397 股，占公司总股本的 0.28%。具体内容 详见公司于 2024 年 1 月 18 日披露的《关于 2023 年员工持股计划完成二级市场 股票购买的公告》（公告编号：2024-004）。 环旭电子股份有限公司 关于 2023 年员工持股计划出售完毕的公告 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。 重要内容提示： | 本次员工持股计划草案披露 | 时间：2023 8 | 年 | 月 | 29 | 日 | | | --- | --- | --- | --- | -- ...

环旭电子：环旭电子纳入MSCI中国指数，日月光大涨5%继续创历史新高 环旭电子被纳入MSCI中国指数，资金在2月27日收盘前买入，增量资金在途，更是对公司的认可！GPUCPO里 面台积电封测依靠日月光增加产能&共同研发，产业地位不断加强，最近三个交易日大涨近30%，近4000亿市值。 环旭电子被纳入MSCI中国指数，资金在2月27日收盘前买入，增量资金在途，更是对公司的认可！GPUCPO里 面台积电封测依靠日月光增加产能&共同研发，产业地位不断加强，最近三个交易日大涨近30%，近4000亿市值。 日月光＋环旭集团层面战略布局光通信＋服务器电源，提供totalsolution！ 环旭电子：环旭电子纳入MSCI中国指数，日月光大涨5%继续创历史新高 ...

Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

Market Performance - On February 11, A-shares showed mixed performance with the Shanghai Composite Index rising by 0.09% to 4131.99 points, while the Shenzhen Component Index fell by 0.35% to 14160.93 points, and the ChiNext Index decreased by 1.08% to 3284.74 points [1] - Sectors that performed well included battery recycling, scarce resources, rare earth permanent magnets, and minor metals, while sectors such as film, AI data, and online tourism saw declines [1] Fund Manager Changes - On February 11, 29 fund managers experienced changes in their positions, with 22 funds announcing manager departures [3] - Over the past 30 days (January 12 to February 11), a total of 677 fund managers left their positions, with 8 managers leaving on February 11 alone [3] - The reasons for these departures included personal reasons, job changes, and the end of temporary assignments [3] Fund Manager Appointments - On February 10, 49 funds announced new fund manager appointments involving 21 managers [5] - Notable new appointments include Zhang Qisi at Southern Fund, managing a total asset scale of 26.764 billion yuan, with a highest return of 102.58% on the Southern Nasdaq 100 Index Fund [5] Fund Research Activity - In the past month, Bosera Fund conducted the most company research, engaging with 55 listed companies, followed by Huaxia Fund and Penghua Fund with 49 and 42 companies respectively [8] - The consumer electronics sector was the most researched, with 165 instances, followed by the semiconductor sector with 162 instances [8] Recent Company Focus - In the last month, the most researched company by public funds was Daikin Heavy Industries, with 78 fund management companies participating in the research [10] - In the past week (February 4 to February 11), the most researched company was Huanxu Electronics, with 32 fund institutions involved [9]

- The report does not contain any quantitative models or factors for analysis[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42]

Summary of Huanxu Electronics Conference Call Company Overview - **Company**: Huanxu Electronics - **Industry**: Semiconductor packaging and testing, AI technology, data center solutions Key Points and Arguments Strategic Partnerships and Collaborations - Huanxu Electronics benefits from strategic adjustments by ASE Group, collaborating with leading packaging manufacturers to advance packaging technology, particularly in AI computing [2][5] - The company has established a close partnership with Meta in the AI glasses sector, securing multiple new project orders, with revenue expected to grow rapidly starting in 2026 [2][9] Business Segments and Growth Opportunities - **Data Center Business**: - Focused on three main areas: computing boards, optical communication, and power supply solutions [5][10] - Successfully entered AWS's AI accelerator card business, with projected orders exceeding $500 million by 2026 [2][5] - Plans to expand into ASIC mainboard PCBA segments, enhancing value per card and cabinet [10][11] - **Optical Communication**: - Huanxu is enhancing its technical capabilities through self-research and acquisitions, notably integrating with Guangchuanglian to strengthen its position in optical modules and components [2][12] - Launched a self-developed 1.6T silicon optical module product, with plans for rapid growth in this sector [12][13] - **Power Supply Solutions**: - Anticipates collaboration with ASE Group to develop next-generation backplane power supply solutions by 2027-2028, which could significantly boost revenue [8][14] Financial Projections - The company has raised its profit forecast, expecting a profit of 2.7 billion yuan in 2026, a 46% increase year-over-year, and 3.71 billion yuan in 2027, a 38% increase [4][15] - Continuous growth is expected through new business layouts, including Plugable optical modules and CPO segments [4][15] Market Position and Competitive Advantages - Huanxu aims to provide longer value chain solutions for top North American clients, leveraging its integration with ASE Group and Guangchuanglian [5][16] - The company is positioned to capitalize on the growing demand for AI technologies and advanced packaging solutions, particularly in the context of new product launches from major clients like Google and Apple [9][16] Challenges and Responses - The company faces challenges in scaling production and process technology, particularly in CPO and NPO products, but is addressing these through strategic acquisitions and partnerships [20][21] - Supply chain pressures exist, but Huanxu is working with North American clients to ensure smooth operations and is developing its own supply chain capabilities [21][22] Future Outlook - Huanxu is actively seeking further acquisitions of small, technically proficient companies to enhance its capabilities and market reach, particularly in optical communication and server power supply sectors [26] - The company is optimistic about the AI data center market and anticipates significant growth in the coming years, driven by its strategic initiatives and partnerships [2][26] Additional Important Information - Huanxu's expansion plans include increasing production capacity in Vietnam and Chengdu, with specific targets set for 2026 [18] - The integration of Guangchuanglian is expected to enhance Huanxu's market position and accelerate growth, with projected revenue growth of at least 100% over the next three years [4][13]

证券代码：601231 证券简称：环旭电子 公告编号：2026-015 特别提示：本简报所载财务数据为初步核算数据，未经会计师事务所审计，最终数据以公司定期报告为 准，请投资者注意投资风险。 环旭电子股份有限公司（以下简称"公司"）2026年1月合并营业收入为人民币4,922,130,206.87元，较去 年同期的合并营业收入增加4.00%，较2025年12月合并营业收入环比增加3.26%。 环旭电子股份有限公司董事会 2026年2月10日 环旭电子股份有限公司 2026年1月营业收入简报 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。 ...

Group 1 - XianDao Intelligent has set the final price for its H-share public offering at HKD 45.8 per share, with expected listing on February 11, 2026 [1] - Jida Communication is a candidate for a project with China Mobile, with an estimated service fee of approximately CNY 51.04 million [2] - Bowei Alloy's controlling shareholder plans to increase holdings by CNY 100 million to 150 million from February 10 to August 9, 2026 [3] Group 2 - Xiamen Airport reported 16,368 aircraft takeoffs and landings in January 2026, a year-on-year decrease of 4.82%, with passenger throughput of 2.38 million, down 3.84% [4] - Yitong Century has won a bid for a project worth CNY 107 million, providing comprehensive maintenance services for China Tower [5] - Huayi Brothers' controlling shareholder's 70 million shares are subject to judicial auction, representing 42.89% of his holdings and 2.52% of the company's total shares [6] Group 3 - Lianhuan Pharmaceutical received approval for the sale of Tadalafil tablets (20mg) in Ghana [7] - Aonong Biological reported a pig sales volume of 166,600 in January 2026, a year-on-year increase of 35.36% [8] - Xiantan Co. achieved chicken product sales revenue of CNY 546 million in January 2026, a year-on-year increase of 54.9% [9] Group 4 - Zhengbang Technology reported a January sales revenue of CNY 816 million from pig sales, a year-on-year increase of 19.69% [10] - Qianjin Pharmaceutical's net profit for 2025 grew by 24.74% to CNY 288 million [11] - Xinhua Pharmaceutical received a drug registration certificate for glucosamine sulfate capsules [12] Group 5 - Yuandong Bio completed the first dosing of its EP-0210 monoclonal antibody in a Phase I clinical trial for inflammatory bowel disease [13] - Jiaokong Technology signed a contract for the Sydney Metro West Line signal system subcontracting project worth AUD 93.53 million [14] - Dangsheng Technology signed a strategic cooperation framework agreement with Huineng Technology in solid-state batteries and the new energy industry [15] Group 6 - Jinhui Co. plans to acquire 100% of Fusheng Mining for CNY 210 million [16] - Cangzhou Mingzhu announced Guangzhou Light Industry as its new controlling shareholder after a share transfer [17] - Dingxin Technology's vice president was fined CNY 120,000 for short-term trading [18][19] Group 7 - China Modern Pharmaceutical's subsidiary passed a GMP compliance inspection for its production line [20] - Chaosheng Electronics plans to increase capital by CNY 400 million in its subsidiary to enhance competitiveness [21] - Lonyu Mountain reported a 25.03% year-on-year increase in pig sales revenue in January 2026 [22] Group 8 - Sanbo Brain Science's chairman has been released from investigation, and the company is operating normally [23] - Hainan Mining is planning to acquire control of Luoyang Fengrui Fluorine Industry and will resume trading on February 10, 2026 [24] - Dongwei Technology's net profit for 2025 increased by 86.81% [25] Group 9 - Yuanjie Technology plans to invest CNY 1.251 billion in a semiconductor chip and device R&D production base [26] - Metro Design signed a contract for an energy management project with Guangzhou Metro Group worth CNY 924 million [27] - Zhongmin Energy intends to acquire 51% of Fujian Yongtai Mintou Pumped Storage Co. for CNY 864 million [28] Group 10 - Dianzhi Technology plans to repurchase shares worth CNY 100 million to 200 million [29] - China Baoan was not selected as a restructuring investor for the Singshan Group [30] - Zhiguang Electric's subsidiary signed a CNY 1.004 billion contract for energy storage systems [31] Group 11 - Zhifei Biological received approval for a clinical trial of its herpes zoster vaccine [32] - KQ Bio received a new veterinary drug registration certificate for a vaccine against porcine circovirus type 2 [33] - Huanxu Electronics reported a 4% year-on-year increase in consolidated revenue for January 2026 [34] Group 12 - Xiangjia Co. reported a 10.42% year-on-year increase in live poultry sales revenue in January 2026 [35] - Kemin Foods' subsidiary reported a 68.29% year-on-year increase in pig sales revenue in January 2026 [36] - Liyuan Technology signed a procurement contract worth CNY 54.98 million [37] Group 13 - Jiuqiang Bio received a medical device registration certificate for a fibrin degradation product detection kit [38] - Zhongguancun's subsidiary passed the consistency evaluation for Tramadol Hydrochloride tablets [39] - Rundou Co. received a drug registration certificate for Candesartan Etil [40]