经济观察网2026年2月6日，京华激光（603607）核心客户卡游正式宣布成为2026年春晚独家卡牌合作伙 伴，这一事件可能对短期市场情绪产生积极影响。同时，公司文创业务持续拓展，2024年该业务营收同 比增长240.83%至约1.85亿元，成为增长新引擎。 股票近期走势 近7天京华激光股价呈现波动态势：2月6日涨停收盘于25.47元，单日涨幅10.02%；随后几日调整，截至 2月13日收盘价为25.54元，近5日累计涨跌幅0.27%，区间振幅6.16%。资金面上，近5日主力资金净流入 4212.05万元，显示短期资金关注度较高。技术面显示当前股价接近布林带中轨24.54元，需关注支撑位 表现。 机构观点 部分分析指出，京华激光正从传统防伪供应商向"春晚卡牌+硬科技"复合标的转型，文创卡牌业务毛利 率接近38%，但需注意客户集中度(如对卡游的依赖)及IP热度波动风险。此外，公司微纳光学技术布局 (如晶圆级微透镜阵列研发)为长期增长提供想象空间，但当前营收贡献较小。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - The report highlights a decline in the export value of China's printing and recording media copying industry, indicating potential challenges for companies in this sector [1]. Industry Summary - By December 2025, the export value of the printing and recording media copying industry in China is projected to be 5.19 billion yuan, reflecting a year-on-year decrease of 5.5% [1]. - The cumulative export value for the entire year of 2025 is expected to reach 59.96 billion yuan, which represents a year-on-year decline of 3.2% [1]. - A statistical chart from 2019 to 2025 illustrates the trends in export value for the printing and recording media copying industry [1]. Company Summary - Listed companies mentioned include Zhuhai Zhongfu (000659), Shaanxi Jinye (000812), Yongxin Co., Ltd. (002014), Donggang Co., Ltd. (002117), Jinjia Co., Ltd. (002191), Hexing Packaging (002228), Haishun New Materials (300501), Longlide (300883), Shanghai Ailu (301062), Xiyue Zhixing (301198), Jinghua Laser (603607), Dashengda (603687), Fangda New Materials (838163), Hujing Materials (870204), and Zhongrong Co., Ltd. (301223) [1].

Group 1 - The core viewpoint of the article highlights the growth in the printing and recording media replication industry in China, with an increase in the number of enterprises in this sector [1] - As of January-November 2025, there are 7,130 enterprises in the printing and recording media replication industry, which is an increase of 117 enterprises compared to the same period last year, representing a year-on-year growth of 1.67% [1] - The printing and recording media replication industry accounts for 1.36% of the total industrial enterprises in China [1] Group 2 - The report referenced is the "2026-2032 China Printing Industry Market Special Survey and Investment Prospect Analysis Report" published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in deep industry research and providing comprehensive consulting services for investment decisions [1]

Group 1 - The core point of the announcement is the share reduction by the company's directors and senior management due to personal financial needs, with specific details on the number of shares reduced and the percentage of total shares [1][3][4] - Before the reduction plan, the company's director and CFO, Ms. Feng Yiping, held 4,161,511 shares, accounting for 2.3312% of the total shares, while another director, Mr. Xie Gaoxiang, held 1,737,151 shares, accounting for 0.9731% [1][2] - The reduction plan announced on September 2, 2025, allowed for a maximum reduction of 1,434,200 shares, approximately 0.8034% of the total shares, with a commitment to not reduce more than 25% of their respective holdings [1][3] Group 2 - As of the announcement date, Ms. Feng Yiping reduced her holdings by 100,000 shares, representing 0.0560% of the total shares, while Mr. Xie Gaoxiang reduced his holdings by 255,700 shares, representing 0.1432% of the total shares [1][3] - The reduction plan was executed in compliance with relevant laws and regulations, and the actual reduction matched the previously disclosed plan [3][4] - There were no violations of the reduction plan or other commitments, and the plan was not terminated early [4]

Core Viewpoint - The announcement from Jinghua Laser indicates a planned share reduction by key executives due to personal financial needs, which may impact investor sentiment and stock performance [2] Group 1: Shareholding Information - The company's Vice President and CFO, Ms. Feng Yiping, holds 4,161,511 shares, accounting for 2.3312% of the total share capital [2] - The company's Vice President, Mr. Xie Gaoxiang, holds 1,737,151 shares, representing 0.9731% of the total share capital [2] Group 2: Reduction Plan - The reduction plan allows both executives to sell up to 25% of their respective holdings within three months after a 15 trading day period post-announcement, totaling a maximum of 1,434,200 shares, which is approximately 0.8034% of the total share capital [2] - As of the announcement date, Ms. Feng has already reduced her holdings by 100,000 shares, which is 0.0560% of the total share capital, while Mr. Xie has reduced his holdings by 255,700 shares, accounting for 0.1432% of the total share capital [2]

证券代码：603607 证券简称：京华激光 公告编号：2025-033 浙江京华激光科技股份有限公司 董事、高级管理人员减持股份结果公告 本公司董事会、全体董事及相关股东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： 董事、高级管理人员持股的基本情况 本次减持计划实施前，浙江京华激光科技股份有限公司（以下简称"公司"） 董事兼副总经理、财务总监冯一平女士持有公司股份 4,161,511 股，占公司总股 本的 2.3312%；董事兼副总经理谢高翔先生持有公司股份 1,737,151 股，占公司 总股本的 0.9731%。股份来源为公司首次公开发行前持有的股份及上市后以资本 公积转增股本方式取得的股份。 减持计划的实施结果情况 公司于 2025 年 9 月 2 日披露了《京华激光董事、高级管理人员减持股份计 划公告》（公告编号：2025-027），冯一平女士、谢高翔先生因个人资金需求，自 公告披露之日起 15 个交易日后 3 个月内（窗口期等不减持股份），拟通过集中竞 价、大宗交易方式，减持不超过其各自所持公司股份总数的 25%，合计将 ...

Summary of Key Points Core Viewpoint - Jinghua Laser (603607.SH) announced the reduction of shares by two individuals, indicating potential changes in shareholder structure and market sentiment [1] Shareholder Actions - Ms. Feng Yiping reduced her holdings by 100,000 shares, which represents 0.0560% of the company's total share capital [1] - Mr. Xie Gaoxiang reduced his holdings by 255,700 shares, accounting for 0.1432% of the company's total share capital [1]

Core Insights - The A-share market's photolithography machine sector experienced a collective surge, with notable gains in several companies, indicating strong investor interest and potential growth in this industry [1]. Company Performance - XINLAI YINGCAI (300260) saw a significant increase of 11.63%, with a total market capitalization of 22.7 billion and a year-to-date increase of 105.59% [2]. - Kaimeteqi (002549) achieved a 10% increase, reaching a market cap of 15.5 billion and a remarkable year-to-date growth of 262.64% [2]. - Saiwei Electronics (300456) rose by 6.43%, with a market value of 47.47 billion and a year-to-date increase of 276.89% [2]. - Jinghua Laser (603607) increased by 6.45%, with a market capitalization of 4.715 billion and a year-to-date growth of 65.31% [2]. - Blue Eagle Equipment (300293) experienced a 5.91% rise, with a market cap of 7.517 billion, but a year-to-date decline of 2.24% [2]. - Sudavige (300331) increased by 5.07%, with a market capitalization of 8.179 billion and a year-to-date growth of 45.63% [2].

Core Viewpoint - The A-share market's photolithography machine sector experienced a significant rally, with multiple companies showing strong gains on December 18, indicating positive market sentiment and potential growth in this industry [1]. Group 1: Company Performance - XINLAI YINGCAI (300260) saw an increase of 11.63%, with a total market capitalization of 22.7 billion and a year-to-date increase of 105.59% [2]. - KEMET GAS (002549) achieved a 10% rise, bringing its market cap to 15.5 billion and a remarkable year-to-date increase of 262.64% [2]. - SAIWEI ELECTRONICS (300456) rose by 6.43%, with a market value of 47.4 billion and a year-to-date increase of 276.89% [2]. - JINGHUA LASER (603607) increased by 6.45%, with a market cap of 4.715 billion and a year-to-date increase of 65.31% [2]. - BLUEYING EQUIPMENT (300293) rose by 5.91%, with a market capitalization of 7.517 billion, but a year-to-date decrease of 2.24% [2]. - SUDA WEIGE (300331) increased by 5.07%, with a market cap of 8.179 billion and a year-to-date increase of 45.63% [2]. - LIUSHI CO., LTD (603928) saw a rise of 3.89%, with a market cap of 4.269 billion and a year-to-date increase of 98.99% [2]. - QICAI CHEMICAL (300758) increased by 3.82%, with a market cap of 5.185 billion and a year-to-date increase of 6.59% [2]. - GAOMENG NEW MATERIAL (300200) rose by 3.71%, with a market cap of 5.659 billion and a year-to-date increase of 60.67% [2]. - MAOCAI OPTICS (688502) increased by 3.33%, with a market cap of 21.6 billion and a year-to-date increase of 103.33% [2].

Group 1 - The A-share market's photolithography machine sector experienced a collective surge, indicating strong investor interest and potential growth in this industry [1] - Xinlai Materials saw a significant increase of over 11%, reflecting positive market sentiment towards the company [1] - Kaimeteqi reached a daily limit increase of 10%, showcasing robust performance and investor confidence [1] Group 2 - Saiwei Electronics and Jinghua Laser both rose by over 6%, indicating a favorable trend among key players in the photolithography machine sector [1] - Lanying Equipment and Sudavige also reported gains of over 5%, further emphasizing the overall strength of the sector [1]