Investment Rating - The report maintains a "Strong Buy" rating for the construction decoration industry, indicating a positive outlook for the sector [3]. Core Insights - The report emphasizes the arrival of a new industrial era, highlighting significant opportunities for construction companies to engage in cross-industry transformations [17]. - It notes that the net financing of special bonds has increased year-on-year, with a total of 3,086 billion yuan in net financing as of January 30, 2026, which is higher than the average of the past three years [22][23]. - The report identifies key sectors for investment, including commercial aerospace, low-altitude economy, quantum technology, AI, and future energy sources like nuclear power and controlled nuclear fusion [17][20]. Summary by Sections Industry Outlook and Investment Recommendations - The report suggests focusing on the construction of key projects in the western region during the "14th Five-Year Plan," recommending state-owned enterprises such as China Railway Construction and China State Construction [11]. - It highlights the potential benefits for companies involved in tunneling, civil explosives, and geotechnical engineering due to high demand in these sectors [28]. - The report also encourages investment in new economic directions such as commercial aerospace, low-altitude economy, computing power, and AI, recommending companies like Roman Technology and Honglu Steel Structure [28]. Market Performance Review - The construction decoration index fell by 1.44% this week, underperforming the overall A-share index, which declined by 0.44% [34]. - Notable performers included Roman Technology (+18.6%) and Taiji Industry (+16.03%), while companies like Hexin Instruments (-20.65%) and Su Testing (-15.05%) saw significant declines [34][35]. Key Company Dynamics - The report tracks significant company developments, including China Railway Construction signing new contracts worth 1.6 trillion yuan in Q4, showing stability compared to the previous year [21]. - It also notes that Zhite New Materials expects a net profit of 160-200 million yuan for 2025, reflecting a year-on-year increase of 117.11% to 171.39% [21].

行 业 研 究 / 建 筑 装 饰 / 证 券 研 究 报 建筑装饰行业周报 未来产业大时代来临，重视建筑企业跨 界转型大机遇 2026 年 02 月 01 日 【投资要点】 商业航天&低空经济：商业航天与低空经济同为拓展人类活动与资源 获取边界，激发经济活力的重要载体。同时本周中国航天科技集团宣 布全面实施"155 战略"，关注【苏州规划】（拟收购的东进航科布 局低空基建并与中国星网合作空天大数据的算法与系统研发），【亚 玛顿】（钙钛矿电池）、【隆华科技】（PMI）、【凯盛科技】（UTG 玻璃）、【上海港湾】（钙钛矿电池）、【中衡设计】（参股致航科 技）、【招标股份】（卫星数据分析）。 （太空）算力：本周 SpaceX 申请部署至多 100 万颗卫星欲建轨道 AI 数据中心网络，重视算力基建与商业航天结合并扩展至太空的逻辑。 关注板块内布局算力业务的【罗曼股份】、【浦东建设】。 机器人：以具身智能、人形机器人、黑灯工厂等为核心，进一步推动 我国制造业竞争力提升。与国内领先四足/双足机器人企业镜识科技/矩 阵超智深度合作的【宏润建设】，进军消防机器人行业的【青鸟消防】， 以及研发工业机器人的头部钢结构企业【鸿 ...

证券之星消息，1月30日专业工程板块较上一交易日下跌0.28%，铜冠矿建领跌。当日上证指数报收于 4117.95，下跌0.96%。深证成指报收于14205.89，下跌0.66%。专业工程板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601133 | 柏诚股份 | 18.55 | 10.02% | 47.79万 | | 8.74亿 | | 605289 | 罗曼股份 | 80.41 | 10.00% | 11.41万 | | 8.95 Z | | 603163 | 圣晖集成 | 110.85 | 8.68% | 6.69万 | | 7.34亿 | | 601226 | 华电科工 | 11.21 | 6.86% | 95.29万 | | 10.40亿 | | 603929 | 亚翔隼成 | 158.29 | 4.31% | 7.51万 | | 12.07亿 | | 002135 | 东南网架 | 6.00 | 3.81% | 49.90万 | | 2.96亿 ...

Core Viewpoint - Roman Co., Ltd. has achieved a significant stock price increase due to improved financial performance, large orders, and diversified business operations [2]. Group 1: Financial Performance - In the 2025 annual report, Roman Co., Ltd. turned a profit with a net profit attributable to shareholders of 50 to 60 million yuan, a substantial improvement from the previous year's loss, indicating enhanced operational conditions and profitability [2]. Group 2: Order Acquisition - The company has signed a total of 448 million yuan in orders, which include projects related to computing power equipment and the China Merchants project, providing strong support for future revenue growth [2]. Group 3: Business Diversification - Roman Co., Ltd. has established three major business segments: urban lighting, intelligent sources, and digital entertainment, achieving a diversified business layout. Additionally, through the acquisition of Wu Tong High-tech, the company has entered the integrated circuit and artificial intelligence sectors, expanding its business boundaries and creating new profit growth points [2]. Group 4: Market Trends - The landscape lighting and related digital technology sectors have recently shown active performance, with several stocks in the same sector experiencing varying degrees of increase, contributing to the stock price surge of Roman Co., Ltd. [2]. Group 5: Technical Indicators - The MACD indicator for the stock has formed a golden cross recently, indicating a clear upward trend in the short term [2].

风，为算力中心、数据产业园等场景提供绿色能源整体解决方案，构建"算力生产—能源消耗"的碳中和 闭环。 （调研小组成员：齐劼人、全泽源、杨翔菲、赵平） ◎记者 杨翔菲 实习生 吴子悠 青岛罗曼文化艺术展览中心内，《疯狂动物城2》的粉丝光临"疯狂小 镇"快闪店，沉浸式打卡电影名场面；深圳《哈利·波特》禁忌森林夜游体验主题场景里，"哈迷"挥起魔 杖念动咒语，解锁一个个隐藏机关；上海天文馆的球幕影院里，《苍穹》等热门项目一票难求；在上海 国际光影节的多个现场，闪烁的光影串联起城市地标…… 这些火爆全网的文化科技体验背后，都指向 同一家上海企业——罗曼股份。作为国内景观照明行业的龙头，罗曼股份自2021年登陆上交所主板后， 并未固守传统赛道，而是通过两次关键并购完成跨越式发展。 罗曼股份董事长兼总经理孙凯君表示， 展望"十五五"，公司将秉持"适应新常态，面对新市场，拥抱新技术"的发展定位，核心战略聚焦全面拥 抱AI。 并购破局：锚定"好赛道+强协同" 日前，罗曼股份公告，其控股子公司上海武桐树高新技术有 限公司（下称"武桐树高新"）陆续与多个客户签订算力领域合同，合同总额约6.04亿元。上述算力领域 的重要签约，正是罗 ...

2025年，罗曼股份迈出关键一步——收购AIDC算力服务器与集群综合解决方案服务商武桐树高新，正 式切入AI算力领域。 这一布局曾被外界误解为"跨界"，实则暗藏深层协同考量。孙凯君解释，罗曼股份的数智能源板块需要 核心应用场景落地，而算力中心正是绿色能源的关键承载场景。未来，公司将加速与武桐树高新融合， 构建算电融合核心竞争力：聚焦AIDC算力基础设施建设，深化"绿色算力"布局，充分发挥在新能源与 液冷技术上的积累，打造低PUE、高可靠性的绿色数据中心解决方案，抢占AI时代能源效率的制高点。 就在2024年，罗曼股份收购了全球体验设计引领者英国霍洛维兹公司（Holovis），一举实现"借船出 海"的战略突破。孙凯君表示，此次并购并非偶然。霍洛维兹在虚拟现实技术和沉浸式体验领域的深厚 积淀，能与罗曼股份的景观照明核心业务形成"照明+体验设计"的协同效应，助力企业快速切入全球主 题乐园、商业综合体等高端场景。并购成效立竿见影，罗曼股份借此打通海外市场渠道，收获了一批国 际优质客户。 整合赋能：把握时机实现"1+1>2" 青岛罗曼文化艺术展览中心内，《疯狂动物城2》的粉丝光临"疯狂小镇"快闪店，沉浸式打卡电影名场 ...

科技创新已成为全球竞争的核心赛场。上海多家上市公司正以科创为笔，在新征程中书写中国智造的新 答卷。 这股力量，也体现在产业升级的深度融合里。申达股份以"硬科创"为支撑，通过全球50余家生产基地的 协同联动，把"上海制造"送入全球主流车企供应链，并用"1+7"方案破解跨文化整合难题，让传统制造 业焕发全球竞争力；艾力斯则以"精准聚焦+深度开发"为底色，凭借核心大单品伏美替尼实现稳健增 长，以AI等前沿技术加持研发与市场开拓，诠释着创新药企"专注者行远"的故事。 出海之路，早已超越单纯的产品输出，成为技术、标准与生态的全球共建。罗曼股份的"放权管理+资 源共享"、申达股份的"全球协同+属地化服务"、优刻得的"自建智算中心+智能算力平台"、艾力斯的"国 际化布局+深耕创新管线"，无不彰显其扎根本土、拥抱世界的智慧。 浦江潮涌，风帆正劲。"十五五"规划建议明确"推动科技创新和产业创新深度融合"，这为上海企业出海 提供了更广阔的舞台。从算力基础设施到纺织制造，从生物医药到文化科技，上海企业正以科创为笔、 以全球为纸，描绘发展新质生产力的崭新图景。 （文章来源：上海证券报） 科技创新，为沪企出海注入强劲力量。 这股力量， ...

证券之星消息，1月28日专业工程板块较上一交易日上涨0.91%，铜冠矿建领涨。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。专业工程板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920019 | 铜冠矿建 | 28.00 | 15.27% | 22.61万 | | 6.18亿 | | 601068 | 中铝国际 | 6.64 | 9.93% | 66.56万 | | 4.26亿 | | 605289 | 罗曼股份 | 74.80 | 7.67% | - 10.15万 | | 7.60亿 | | 603929 | 亚翔集成 | 158.35 | 5.85% | 10.14万 | | 15.69亿 | | 601618 | 中国中治 | 3.30 | 4.76% | 953.47万 | | 31.79亿 | | 002140 | 东华科技 | 12.76 | 4.42% | 27.91万 | | 3.52亿 ...

Investment Rating - The report maintains an "Outperform" rating for the commercial aerospace sector, indicating a positive outlook for investment opportunities in this area [3]. Core Insights - The report highlights that fixed asset investment (FAI) in 2025 is under pressure, with a total of 485,186 billion yuan, representing a year-on-year decline of 3.8%, which is a worsening of 1.2 percentage points compared to the previous 11 months [15]. - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 2.2% year-on-year, with a similar trend observed in real estate development investment, which fell by 17.2% to 82,788 billion yuan [15]. - The report emphasizes the potential for a rebound in the construction and real estate markets driven by macroeconomic policies, particularly in urban renewal initiatives [16]. - Key companies such as China State Construction and China Energy Engineering reported year-on-year increases in new orders for Q4, indicating a positive trend in capital expenditure among leading industrial firms [16]. Summary by Sections Industry Outlook and Investment Recommendations - The report suggests focusing on the cyclical recovery of the construction sector, particularly in light of supportive policies aimed at urban renewal and infrastructure development [16]. - It recommends investing in high-quality cyclical stocks and companies involved in commercial aerospace and low-altitude economy sectors, such as Roman Holdings and Honglu Steel Structure [26]. Market Performance Review - The construction decoration index rose by 1.88%, outperforming the overall A-share index, which increased by 0.83% [14]. - Notable performers in the sector included chemical engineering (+10.70%) and steel structure (+7.71%) [14]. Key Company Dynamics - Roman Holdings is projected to achieve a profit of 1.8-2 billion yuan in 2025, indicating a turnaround from previous losses, driven by strong demand for computing power in major cities [19]. - China Energy Engineering reported a new contract amount of 1.45 trillion yuan for 2025, reflecting a year-on-year increase of 2.9% [19].

证券日报网讯 1月21日，罗曼股份发布公告称，公司预计2025年年度实现利润总额 1.80 亿元到2.00 亿 元，归属于上市公司股东的净利润为 5，000.00 万元到 6，000.00 万元，与上年同期相比，将实现扭亏 为盈。 （文章来源：证券日报） ...