2、公司上述在手订单因业务类型不同，交付周期差异较大，预计今年内不 能全部确认收入。具体准确的财务数据以公司正式披露的定期报告为准。 一、截至2025年12月31日的在手订单余额情况 因圣晖系统集成集团股份有限公司（以下简称"公司"）所在行业发展稳定， 公司业务稳步增长，截至 2025 年 12 月 31 日，公司在手订单余额为 25.38 亿元 （未含税），比上年同期增长 46.28%。其中，IC 半导体行业在手订单余额为 20.46 亿元（未含税），精密制造行业在手订单余额为 3.69 亿元（未含税），光电及 其他行业在手订单余额为 1.23 亿元（未含税）。 二、相关说明及风险提示 1、公司上述在手订单数据源自公司内部统计，未经审计，不能以此直接推 算公司营业收入、净利润等财务数据，在手订单数据可能在月度之间存在一定变 动，其变动因素包括但不限于统计口径差异、税收因素等。公司日常生产经营情 况未发生重大变动，以上数据仅供投资者及时了解公司日常经营概况。 证券代码：603163 证券简称：圣晖集成 公告编号：2026-002 圣晖系统集成集团股份有限公司 关于在手订单情况的自愿性披露公告 本公司董事会及全 ...

Core Viewpoint - Shenghui Integrated announced that as of 2025, the company's order backlog stands at 2.538 billion yuan (excluding tax), representing a year-on-year increase of 46.28% [1] Group 1: Order Backlog Details - The order backlog in the IC semiconductor industry amounts to 2.046 billion yuan [1] - The order backlog in the precision manufacturing industry is 369 million yuan [1] - The order backlog in the optoelectronics and other industries totals 123 million yuan [1] Group 2: Revenue and Delivery Considerations - The company cautions that the order data is unaudited and cannot be directly translated into revenue or net profit [1] - The delivery cycle varies, and it is expected that not all revenue can be recognized this year [1] - The execution of orders is subject to various factors, which may lead to risks of non-fulfillment or termination [1]

Market Overview - The professional engineering sector increased by 0.16% on January 14, with Shenghui Integration leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Top Gainers - Shenghui Integration (603163) closed at 79.48, up 10.01% with a trading volume of 60,100 shares [1] - Yaxiang Integration (603929) closed at 138.78, up 10.00% with a trading volume of 45,000 shares [1] - Shikong Technology (605178) closed at 64.47, up 6.21% with a trading volume of 88,000 shares [1] - Other notable gainers include: - Deep Sanda A (000032) up 5.30% - Sanlian Hongpu (300384) up 4.21% [1] Top Losers - Feifei History (605598) closed at 62.95, down 7.70% with a trading volume of 169,300 shares [2] - Aiman Co. (605289) closed at 67.85, down 5.76% with a trading volume of 43,700 shares [2] - Jilu Steel Structure (002541) closed at 20.43, down 4.04% with a trading volume of 134,000 shares [2] Capital Flow - The professional engineering sector experienced a net outflow of 737 million yuan from institutional investors, while retail investors saw a net inflow of 329 million yuan [2] - Notable capital flows include: - Shenghui Integration had a net inflow of 138 million yuan from institutional investors [3] - Yaxiang Integration saw a net outflow of 44.7 million yuan from retail investors [3] - Deep Sanda A had a net inflow of 84.98 million yuan from institutional investors [3]

证券代码：603163 证券简称：圣晖集成 公告编号：2026-001 圣晖系统集成集团股份有限公司 关于为控股子公司提供担保的进展公告 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法律责任。 重要内容提示： 担保对象及基本情况 | | | | Sheng | Huei | Engineering | | --- | --- | --- | --- | --- | --- | | | | 被担保人名称 | Technology 下简称"越南圣晖"） | | Company Limited（以 | | | | 本次担保金额 | 9,309.62 | 万元 | | | 担 保 象 | 对 | 实际为其提供的担保余额 | 92,683.68 | 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | 本次担保是否有反担保 | □是 否 | | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公 ...

Group 1 - The professional engineering sector increased by 1.14% on January 5, with *ST Tianlong leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] - Notable stocks in the professional engineering sector included *ST Tianlong, which rose by 20.04% to a closing price of 5.39, and Zhi Te New Materials, which also increased by 20.04% to 13.42 [1] Group 2 - The professional engineering sector saw a net inflow of 327 million yuan from institutional investors, while retail investors experienced a net outflow of 161 million yuan [2] - Major stocks with significant net inflows included Yaxiang Integration, which had a net inflow of 152 million yuan, and Zhi Te New Materials with a net inflow of 126 million yuan [3] - The overall market showed a mixed trend, with some stocks like Feifei Shishang declining by 5.51% to a closing price of 65.65 [2]

Core Insights - The report recommends key stocks across various industries for January 2026, highlighting potential investment opportunities based on market trends and company performance [2][3]. Industry Summaries Construction - Shenghui Integration (603163.SH) is a Taiwanese cleanroom engineering service provider and a core supplier for Google's TPU supply chain, poised to benefit from TSMC's expansion in the U.S. with potential orders from TSMC Arizona and multiple North American data centers [2]. Social Services - China Duty Free Group (601888.SH) is expected to benefit from a new cycle in domestic duty-free sales, with a boost from the upcoming consumption peak during the New Year and Spring Festival, leading to improved performance expectations [2]. Electronics - Lante Optics (688127.SH) is experiencing significant growth in its optical prism product line and is collaborating with multiple waveguide manufacturers for AR glasses, indicating strong profit elasticity and expansion potential [2]. Utilities and Environmental Protection - China General Nuclear Power (003816.SZ) is set to benefit from the normalization of nuclear power approvals and improvements in market pricing mechanisms, with expected production increases in Guangdong province [2]. Nonferrous Metals - Zijin Mining (601899.SH) is a leading player in the nonferrous sector, with high profit contributions from gold and copper, and is entering a rapid growth phase in lithium production, making it a highly valued investment opportunity for 2026 [2]. Agriculture, Forestry, Animal Husbandry, and Fishery - Youran Dairy (9858.HK), a global leader in dairy farming, is expected to benefit from rising milk prices and beef price increases, leading to significant performance recovery [2]. Internet - Tencent Holdings (0700.HK) is well-positioned for the AI era, leveraging its ecosystem advantages, with potential growth from e-commerce and AI agent capabilities not yet reflected in current profit forecasts [2]. Pharmaceuticals - WuXi AppTec (603259.SH) is supported by strong performance, order growth, and capital expenditure, with favorable regulatory changes expected to enhance the valuation of the CXO sector [2]. Light Industry - Sun Paper (002078.SZ) is entering a new capacity release phase with significant production increases expected, making it a compelling investment with reasonable valuation metrics [2]. Textiles and Apparel - Anta Sports (2020.HK) is anticipated to benefit from the performance of its premium sports brands, with a favorable valuation and upcoming catalysts from Q4 operational disclosures and the Spring Festival consumption peak [2].

Group 1 - The stock of Shenghui Integration (603163) experienced a limit down today, with a turnover rate of 3.98% and a trading volume of 303 million yuan, showing a fluctuation of 7.95% [1] - Institutional investors net sold 40.18 million yuan, while brokerage seats collectively net bought 9.55 million yuan [1] - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily decline deviation of -10.04% [1] Group 2 - In the past six months, the stock has appeared on the watch list 11 times, with an average price drop of 0.18% the next day and an average increase of 1.82% over the following five days [2] - The stock saw a net outflow of 34.43 million yuan in principal funds today, with large orders contributing to a net outflow of 18.21 million yuan and 16.21 million yuan respectively [2] - The company's Q3 report indicated a total revenue of 2.116 billion yuan for the first three quarters, representing a year-on-year growth of 46.29%, and a net profit of 95.65 million yuan, up 29.09% year-on-year [2]

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the construction industry, indicating an expected return that will outperform the CSI 300 index by 10% or more over the next six months [6]. Core Insights - The 2026 fiscal policy is set to remain proactive, with a focus on increasing fiscal spending and optimizing government bond tools to enhance local financial capabilities. This is expected to support economic growth and improve the construction industry's operational conditions [18][11]. - Infrastructure investment has shown signs of recovery, with November data indicating a month-on-month improvement. The construction sector is anticipated to stabilize as policies aimed at debt reduction and "anti-involution" continue to be implemented [2][11]. - The demand for cleanroom construction is expected to rise due to increased capital expenditures in the semiconductor and cloud service sectors, driven by rapid advancements in AI technology [3][15]. Summary by Sections Industry Dynamics - The national fiscal work conference highlighted the achievements of 2025 and outlined the key tasks for 2026, emphasizing a more active fiscal policy to stimulate consumption and manage risks in key areas [18]. - The construction industry is expected to benefit from a combination of improved fiscal policies and a recovering investment environment, leading to marginal improvements in operational performance [2][11]. Market Performance - The construction industry saw a weekly increase of 2.26%, outperforming the CSI 300 index, with the decoration and renovation sector showing the highest growth at 11.37% [20][21]. - The overall industry valuation metrics indicate a TTM P/E ratio of 12.47 and a P/B ratio of 0.83, with several companies showing low valuations, suggesting potential investment opportunities [24][28]. Key Companies to Watch - Recommended companies include low-valuation state-owned enterprises such as China State Construction, China Communications Construction, and China Railway Construction, which are expected to benefit from improved cash flow and profitability [11][13]. - Cleanroom engineering leaders like Yaxin Integration and Shenghui Integration are highlighted for their potential growth due to increasing demand in the semiconductor sector [3][15].

Summary of Key Points Core Viewpoint - On December 26, a total of 47 stocks were involved with institutional investors, with 27 stocks showing net buying and 20 stocks showing net selling [2]. Institutional Net Buying - The top three stocks with the highest net buying by institutions were: - Aerospace Development: Net buying amount of 482 million yuan, with a price increase of 10.00% [3] - Demingli: Net buying amount of 205 million yuan, with a price increase of 10.00% [3] - China Satellite: Net buying amount of 200 million yuan, with a price increase of 10.00% [3] Institutional Net Selling - The top three stocks with the highest net selling by institutions were: - Yaxiang Integration: Net outflow amount of 247 million yuan [2] - Tianji Shares: Net outflow amount of 137 million yuan [2] - Shenghui Integration: Net outflow amount of 128 million yuan [2] Additional Stocks with Notable Activity - Other stocks with significant institutional net buying included: - Zhejiang Shiyu: Net buying amount of 166 million yuan, with a price increase of 9.99% [4] - Aerospace Electronics: Net buying amount of 149 million yuan, with a price increase of 4.62% [4] - Guanglian Aviation: Net buying amount of 132 million yuan, with a price increase of 12.37% [4] - Other stocks with significant institutional net selling included: - Hainan Development: Net outflow amount of 293 million yuan, with a price increase of 10.01% [6] - Xiamen International Trade: Net outflow amount of 290 million yuan, with a price increase of 9.96% [6] - Haike New Source: Net outflow amount of 266 million yuan, with a price increase of 20.00% [6]

近半年该股累计上榜龙虎榜10次，上榜次日股价平均涨0.91%，上榜后5日平均涨4.44%。 资金流向方面，今日该股主力资金净流出889.29万元，其中，特大单净流入1431.77万元，大单资金净流 出2321.07万元。近5日主力资金净流入5496.32万元。 10月18日公司发布的三季报数据显示，前三季度公司共实现营业收入21.16亿元，同比增长46.29%，实 现净利润9564.69万元，同比增长29.09%。（数据宝） 圣晖集成(603163)今日下跌3.40%，全天换手率9.68%，成交额8.27亿元，振幅17.34%。龙虎榜数据显 示，机构净卖出1.28亿元，营业部席位合计净买入549.77万元。 上交所公开信息显示，当日该股因日振幅值达17.34%上榜，机构专用席位净卖出1.28亿元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交3.02亿元，其中，买入成交额为8980.86 万元，卖出成交额为2.12亿元，合计净卖出1.23亿元。 具体来看，今日上榜的营业部中，共有1家机构专用席位现身，即卖一，合计净卖出1.28亿元。 | 买/ | 买入金额（万 | 卖出金额（万 | 会员营业部名称 ...