转自：证券日报网 重要公告： 中国交建：一季度新签合同额5530.34亿元 同比增长9.02% 北元集团：一季度净利润同比增长442.29% 方大特钢：一季度净利润同比增长167.99% 杰瑞股份：拟1.5亿元—2.5亿元回购公司股份 海泰科：一季度净利润同比增长5738.82% 沪市重要公告： 澜起科技（688008）公告，公司2025年第一季度实现营业收入12.22亿元，同比增长65.78%；净利 润5.25亿元，同比增长135.14%。 上海雅仕：一季度净利润同比增长129.78% 上海雅仕（603329）公告，公司2025年第一季度实现营业收入8.01亿元，同比增长57.5%；净利润 974.87万元，同比增长129.78% 北元集团：一季度净利润同比增长442.29% 中国交建：一季度新签合同额5530.34亿元 同比增长9.02% 中国交建（601800）公告，2025年一季度，公司新签合同额为5530.34亿元，同比增长9.02%，完成 年度目标的27%。 方大特钢：一季度净利润同比增长167.99% 方大特钢（600507）公告，公司2025年第一季度实现营业收入43.46亿元，同比下降26. ...

Group 1: Company Announcements - Jinzhongzi Liquor received approval from the Fuyang State-owned Assets Supervision and Administration Commission to transfer 92% equity of Anhui Jinyang Sun Biochemical Pharmaceutical Co., Ltd. [1] - Tianqi Lithium expects a net profit of 82 million to 123 million yuan for the first quarter of 2025, a significant recovery from a loss of 3.897 billion yuan in the same period last year [2] - Fosun Pharma announced the resignation of Senior Vice President Li Dongji due to retirement [3] - Yueyang Forest Paper's subsidiary Chengtong Carbon Sink won a forestry carbon sink cooperation development project, which could positively impact the company's annual operating performance [4] - Jingcheng Co. clarified that it has no involvement in humanoid robots or related investments, and has no plans for acquisitions in this area [5] Group 2: Financial Performance - Yara International reported a 374% year-on-year increase in net profit for the first quarter, with revenue of 1.213 billion yuan, up 91.47% [6] - Zhongxin Fluorine Materials announced a 5000 tons/year capacity for DFBP, a key raw material for PEEK, but noted significant uncertainty regarding future performance due to market demand and pricing factors [7] - Aokema revised its 2024 annual profit forecast to a net loss of 45 million to 50 million yuan, a decrease of approximately 101.06 million to 106.06 million yuan compared to the previous year [8] - Jibite reported a 22.47% increase in revenue to 1.136 billion yuan and an 11.82% increase in net profit to 283 million yuan for the first quarter of 2025 [13] - Zhongchong Co. reported a 62.13% increase in net profit for the first quarter, with revenue of 1.101 billion yuan, up 25.41% [14] - Lanjite Technology achieved a net profit of 525 million yuan for the first quarter, a 135.14% increase year-on-year [15] - Tianshan Aluminum reported a 46.99% increase in net profit for the first quarter, with revenue of 7.925 billion yuan, up 16.12% [16] - Shennandian Circuit reported a 29.47% increase in net profit for the first quarter, with revenue of 4.783 billion yuan, up 20.75% [17] - Lizhu Group reported a 4.75% increase in net profit for the first quarter, with revenue of 3.181 billion yuan, down 1.92% [18] - China Jushi reported a net profit of 730 million yuan for the first quarter, a 108.52% increase year-on-year, driven by increased sales and prices [19] Group 3: Share Buyback Plans - Jerry Holdings plans to repurchase shares worth 150 million to 250 million yuan, with a maximum price of 49 yuan per share [20] - Juxing Agriculture plans to repurchase shares worth 50 million to 100 million yuan, with a maximum price of 28 yuan per share [21]

Mergers and Acquisitions - Shanghai Yashi plans to acquire 30% equity in Euro-Asia Company, which would result in holding 100% equity if successful [1] - Jizhong Energy intends to acquire 20.02% equity in Duanwang Coal Industry from Jianxin Investment for 898 million yuan, increasing its stake to 83.21% post-transaction [1] Share Buybacks and Increases - Jerry Holdings plans to repurchase shares worth 150 million to 250 million yuan, with a maximum price of 49 yuan per share [2] - Tongkun Holdings' shareholder, Leixin Industrial, intends to increase holdings by 250 million to 500 million yuan [2] External Investments and Daily Operations - Visionox plans to invest 5 billion yuan to establish a global new display industry innovation center project in Kunshan [3] - Siwei Map Technology has signed a strategic cooperation framework agreement with Volcano Engine [4] - Nandu Power plans to list on the Hong Kong Stock Exchange [5] Performance Changes - Tianfu Communication reported a net profit of 338 million yuan in Q1 2025, a year-on-year increase of 21.07% [6] - Yara International reported a net profit of 384 million yuan in Q1, a significant year-on-year increase of 374%, driven by increased sales and prices of potash [7] - Tianqi Lithium expects a net profit of 82 million to 123 million yuan in Q1, marking a turnaround from losses, with increased production and sales of lithium compounds and derivatives [7] - Haitai Technology reported a net profit of 13.92 million yuan in Q1, a year-on-year increase of 5739%, attributed to revenue recognition from molds reaching acceptance status [7] - Lanke Technology's net profit for Q1 2025 was 525 million yuan, up 135.14% year-on-year, benefiting from AI industry trends driving demand for DDR5 memory interface chips and high-performance computing chips [7] - Shanghai Yashi reported a net profit of 9.75 million yuan in Q1 2025, a year-on-year increase of 129.78% [7] - Beiyuan Group's net profit for Q1 was 50 million yuan, a year-on-year increase of 442%, due to rising prices of caustic soda and declining procurement prices of key raw materials [7] - Desay SV reported a net profit of 582 million yuan in Q1, a year-on-year increase of 51.32% [8] - Quectel Wireless Solutions reported a net profit of 588 million yuan in 2024, a year-on-year increase of 548.49% [8] - Aucma corrected its annual performance forecast for 2024, expecting a net loss of 45 million to 50 million yuan [9]

Core Viewpoint - Company achieved significant growth in Q1 2025, with revenue of 1.22 billion yuan and net profit of 525 million yuan, driven by the demand for DDR5 memory interface chips and high-performance interconnect chips due to the AI industry trend [1][2] Financial Performance - In Q1 2025, the company reported revenue of 1.22 billion yuan, a year-on-year increase of 65.78%, and a net profit of 525 million yuan, up 135.14% year-on-year [1] - The sales revenue from interconnect chips reached 1.139 billion yuan, reflecting a year-on-year growth of 63.92% and a quarter-on-quarter increase of 17.19% [2] - The company set new historical highs for quarterly revenue, interconnect chip sales, and net profit attributable to shareholders, with these metrics showing continuous growth for eight consecutive quarters [1] Product Development - The interconnect chip product line is highlighted as the most outstanding, essential for enhancing system performance in intelligent computing systems [2] - The company has begun large-scale shipments of three new high-performance interconnect chip products, with expected sales revenue of approximately 422 million yuan in 2024, an eightfold increase from the previous year [2] - As of April 22, 2025, the company has over 1.29 billion yuan in orders for interconnect chips expected to be delivered in Q2 2025, with ongoing new orders from clients [2] Research and Development - In Q1 2025, the company's R&D expenditure was 153 million yuan, accounting for 12.52% of revenue, a decrease of 11.36 percentage points year-on-year [3] - The reduction in R&D spending is attributed to the postponement of AI computing chip development for data centers, allowing a strategic focus on high-speed interconnect chips [3] Stock Performance - The company's closing stock price was 74.11 yuan per share, reflecting a 1.79% increase [4]

Financial Performance - In Q1 2025, the company achieved operating revenue of RMB 1.22 billion, a year-on-year increase of 65.78% and a quarter-on-quarter increase of 14.43%[5] - The net profit attributable to shareholders reached RMB 525 million, representing a year-on-year growth of 135.14% and a quarter-on-quarter growth of 21.13%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 502 million, up 128.83% year-on-year and 34.22% quarter-on-quarter[5] - Basic and diluted earnings per share both reached 130.00 RMB, reflecting substantial net profit growth[13] - Total revenue for Q1 2025 reached CNY 1,222,209,473.93, a significant increase of 65.7% compared to CNY 737,262,933.17 in Q1 2024[23] - Operating profit for Q1 2025 was CNY 531,560,973.46, up 108.4% from CNY 240,601,444.51 in Q1 2024[23] - Net profit for Q1 2025 amounted to CNY 503,718,732.28, representing a 125.5% increase from CNY 223,408,575.46 in Q1 2024[23] - The total comprehensive income for the first quarter of 2025 was CNY 498,039,043.49, compared to CNY 231,786,516.86 in the same period of 2024, representing a significant increase[24] Cash Flow and Assets - The company's cash flow from operating activities was RMB 188 million, a decrease of 46.95% compared to the same period last year[5] - The company's cash flow from operating activities decreased by 46.95% due to increased inventory purchases in response to higher order volumes[13] - The net cash flow from operating activities for Q1 2025 was CNY 188,245,990.36, down from CNY 354,848,215.59 in Q1 2024[25] - Cash inflow from sales of goods and services reached CNY 1,125,068,586.14 in Q1 2025, compared to CNY 816,585,595.54 in Q1 2024, indicating a growth of approximately 38%[25] - The total cash inflow from operating activities was CNY 1,192,137,693.50 in Q1 2025, compared to CNY 877,588,152.72 in Q1 2024, marking an increase of approximately 36%[25] - The cash outflow for purchasing goods and services was CNY 685,019,291.04 in Q1 2025, significantly higher than CNY 243,028,370.41 in Q1 2024[25] - Cash and cash equivalents rose to CNY 7,174,729,668.02 in Q1 2025, compared to CNY 6,843,296,852.61 at the end of 2024, an increase of 4.9%[20] - The cash and cash equivalents at the end of Q1 2025 totaled CNY 7,035,629,596.00, up from CNY 5,646,760,859.58 at the end of Q1 2024[26] Research and Development - Research and development expenses decreased by 13.06% year-over-year, resulting in a reduction of R&D investment as a percentage of revenue by 11.36 percentage points[14] - Research and development expenses for Q1 2025 were CNY 153,057,849.50, down 13.0% from CNY 176,044,108.52 in Q1 2024[23] Product Performance and Market Position - The gross margin for the interconnect chip product line was 64.50%, an increase of 3.57 percentage points year-on-year, contributing to an overall gross profit growth of 73.66% year-on-year[6] - The sales revenue of interconnect chips was RMB 1.14 billion, a year-on-year increase of 63.92%[7] - The company successfully passed the CXL 2.0 compliance test for its CXL MXC chip, maintaining its industry-leading position[7] - The company launched the PCIe 6.x/CXL 3.x Retimer chip, which supports data transmission rates of up to 64GT/s[8] - The company expects a significant increase in demand and penetration rate for DDR5 memory interface chips in 2025 compared to 2024[10] - Revenue increased by 65.78% year-over-year, driven by strong demand in the AI industry and significant growth in DDR5 memory interface and module chip shipments[13] Shareholder Information - The total number of common shareholders at the end of the reporting period was 80,212, with the top ten shareholders holding significant stakes[15] - The largest shareholder, Hong Kong Central Clearing Limited, holds 87,681,792 shares, representing 7.66% of total shares[15] Order Backlog and Future Expectations - As of April 22, 2025, the total orders for interconnect chips to be delivered in Q2 2025 exceeded RMB 1.29 billion[10] - The company has a backlog of orders for interconnect chips expected to be delivered by Q2 2025, although actual delivery may vary due to potential order cancellations or delays[17] Equity and Liabilities - Total assets as of March 31, 2025, were CNY 12,665,661,054.42, compared to CNY 12,218,911,386.38 at the end of 2024, reflecting a growth of 3.7%[20] - Total liabilities decreased to CNY 723,952,158.25 in Q1 2025 from CNY 822,405,821.47 in Q4 2024, a reduction of 12.0%[21] - Current assets increased to CNY 9,882,720,112.65 in Q1 2025, up 4.4% from CNY 9,461,304,025.38 in Q4 2024[20] - The total equity attributable to shareholders increased to CNY 11,970,248,714.03 in Q1 2025 from CNY 11,403,438,067.08 in Q4 2024, a growth of 5.0%[21] Profitability Metrics - The weighted average return on equity increased by 2.33 percentage points, indicating improved profitability[13] - The company reported a gross profit margin of approximately 41.0% in Q1 2025, compared to 32.5% in Q1 2024[23]

澜起科技公告，2025年第一季度营业收入为12.22亿元，同比增长65.78%。净利润为5.25亿元，同比增 长135.14%。 ...

从中证交银理财长三角指数持仓样本的行业来看，信息技术占比28.21%、金融占比19.68%、工业占比 17.49%、医药卫生占比12.68%、原材料占比10.98%、可选消费占比7.97%、通信服务占比1.79%、能源 占比0.76%、房地产占比0.44%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。每次调整的样本比例一般不超过20%。权重因子随样本定期调整而调整，调整时间与指数样本 定期调整实施时间相同。在下一个定期调整日前，权重因子一般固定不变。特殊情况下将对指数进行临 时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照 计算与维护细则处理。 据了解，中证交银理财长三角指数以长三角地区沪深市场证券为待选样本，在战略新兴企业中，选取市 值较大、收入较高、研发投入较强的40只代表性上市公司证券；在非战略新兴企业中，选取盈利能力较 强、估值较低、分红较高的60只代表性上市公司证券，共同作为指数样本，以反映沪深市场长三角地区 代表性上市公司证券的整体表现。该指数以2012年12月31日为基日，以1000.0点为基点 ...

近一周机构调研个股数量有340只。 近一周，澜起科技合计获319家机构参与调研，包括60家基金公司、62家证券公司、84家保险公司等。 2024年度，公司实现营业收入约36.39亿元，同比增长59.20%；实现归母净利润14.12亿元，同比增长213.1%；实现扣非 归母净利润12.48亿元，同比增长237.44%；经营活动产生的现金流量净额为16.91亿元，同比增长131.29%，连续三年持 续增长。 2025年第一季度，公司预计实现营业收入约12.22亿元，同比增长约65.78%，环比增长约14.42%；实现归母净利润5.1亿 元—5.5亿元，同比增长128.28%—146.19%，环比增长17.59%—26.82%；实现归母扣非净利润4.85亿元—5.25亿元，同比 增长120.82%—139.03%，环比增长29.52%—40.2%。 在市值管理方面，澜起科技2024年度利润分配预案为每10股派发现金红利3.90元（含税），预计派发现金红利4.43亿 元；2024年实施回购金额达4.09亿元，预计派发现金股利及回购总金额约为8.52亿元，占公司2024年归属于母公司所有 者的净利润的60%，彰显公司对 ...

来源丨 投中网 什么是青年？可以用数据说话。联合国将青年定义为 15-24 岁，世界卫生组织则将年龄范围扩展到 15-44 岁。可以用古语说话。"后生可畏"的箴言 揭示着东方文明对青春力量的敬畏。也可以用概念说话。文艺复兴后，"青年"作为独立概念出现，经过五四运动后在中国普及，成为社会变革的象征。 对于投资，青年又意味着始终处于"成为"（ becoming ）的状态。在湍急的时代浪潮中，青年投资人要不断寻找自身的定位，校准自己的价值观，整 合各种不同的看待世界的方法和模型，形成一套自己的认知体系，当然，最重要的，投资人要与时代共振。 生命力是主体的一种经验和感受，是意识和行动之间的间隔。而投资正是社会生命力的象征。我们希望青年投资人能活出饱满的生命力。既能躬身入 局，中流击水，也能及时抽身，理清时代的脉络。既能理解宏观经济趋势，深入分析行业来龙去脉，更需在信息过载时筛选出有效信号，在快速变化的 市场中保持新鲜的眼光和敏锐的洞察力。 投资人要与时代共振。 | 5 | 邓到 | 陆石投资 | 北京、天津、成都 | 爱思达航天 天兵科技 | | --- | --- | --- | --- | --- | | | | ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 32.471 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 1.238 billion yuan [1] - A total of 214 stocks saw net inflows, while 364 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 85 stocks rose, while 499 stocks fell [1] - The top three stocks with the highest net inflow of funds were: - Cambrian (寒武纪) with a net inflow of 349.26 million yuan - Haiguang Information (海光信息) with 162.06 million yuan - Naxinwei (纳芯微) with 44.24 million yuan [1] Continuous Fund Flow Analysis - There are 50 stocks that have seen continuous net inflows for more than three trading days, with the highest being Zhongzi Technology (中自科技) and Anji Technology (安集科技), both with six consecutive days of inflow [1] - Conversely, 103 stocks have experienced continuous outflows, with Tianhe Energy (天合光能) leading at 15 consecutive days of outflow [1] Key Stocks with Fund Inflows - The following stocks had significant net inflows: - Cambrian (寒武纪): 349.26 million yuan, 5.98% inflow rate, 4.21% increase - Haiguang Information (海光信息): 162.06 million yuan, 4.83% inflow rate, 2.73% increase - Naxinwei (纳芯微): 44.24 million yuan, 3.81% inflow rate, 1.71% increase [1] Key Stocks with Fund Outflows - The stocks with the highest net outflows included: - Jinpan Technology (金盘科技): 183 million yuan, 4.55% decrease - Nine Company (九号公司): 119 million yuan - Lankai Technology (澜起科技): 119 million yuan [1]