Claude Cowork 正式发布，CPU 需求加速增长 [Table_Industry] 电子元器件 | | | [Table_Invest] 评级： 增持 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 舒迪(分析师) | 021-38676666 | shudi@gtht.com | S0880521070002 | | 段笑南(研究助理) | 021-38031382 | duanxiaonan@gtht.com | S0880124070028 | 本报告导读： Claude Cowork 正式发布，通用 Agent 加速落地。Agent 任务中 CPU 需承担更多工 作负荷，CPU 需求或加速增长。 投资要点： [Table_Report] 相关报告 行业跟踪报告 表1：推荐标的估值表（收盘价参考 2026 年 1 月 21 日） | 证券代码 | 公司名称 | 收盘价 | EPS（元/股） | | | PE | | | 评级 | | --- | --- | --- | --- | --- | --- | -- ...

Monetary Policy and Economic Measures - The central bank governor Pan Gongsheng stated that a moderately loose monetary policy will continue in 2026, with room for further cuts in reserve requirement ratios and interest rates to maintain ample liquidity [3] - The first batch of 936 billion yuan of ultra-long special government bonds has been allocated to support approximately 4,500 projects in various sectors, expected to drive total investment exceeding 460 billion yuan [4] - The People's Bank of China will conduct a 900 billion yuan MLF operation on January 23, net injecting 700 billion yuan into the market, marking the 11th consecutive month of increased operations [4] Consumer and Investment Trends - State-owned banks collectively announced the implementation of personal consumption loan interest subsidy policies, allowing some high-quality clients to enjoy effective interest rates in the "2%" range, lower than current housing loan rates [3] - Public funds have focused their fourth-quarter 2025 positions on core sectors such as electronics and power equipment, with Zhongji Xuchuang becoming the largest holding stock [3] Market Performance - The A-share market saw a slight increase, with the Shanghai Composite Index rising 0.14% to 4122.58 points, and the Shenzhen Component Index increasing by 0.5% [6] - The Hong Kong stock market also experienced minor fluctuations, with the Hang Seng Index rising 0.17% to 26629.96 points, and net inflows from southbound funds amounting to 5.166 billion HKD [6] Corporate Developments - Alibaba Group has decided to support its chip company "Pingtouge" for independent listing, with plans for restructuring to a mixed-ownership enterprise [7] - Xiaomi Group has initiated a stock repurchase plan of up to 2.5 billion HKD [9] - Nanjing Bank reported a net profit growth of 8.08% year-on-year for 2025 [9] Regulatory and Policy Updates - The State Administration for Market Regulation has issued a red card for the first time in the public utility sector, prohibiting a merger between two gas companies [10] - Nine departments jointly issued opinions to promote high-quality development in the pharmaceutical retail industry, encouraging mergers and acquisitions among retail pharmacies [10] Economic Indicators - The unemployment rate for urban labor aged 16-24 was reported at 16.5% in December 2025, while the rate for those aged 25-29 was 6.9% [5] - The National Bureau of Statistics reported a 28.1% year-on-year increase in sales revenue for the smart device manufacturing industry in 2025 [10]

Shareholder Reduction Plans - Junchen Technology's shareholder Junchen Partnership plans to reduce its stake by no more than 2.94% [1] - Wuchan Jinlun's shareholder Jinlun Holdings intends to reduce its stake by no more than 3% [1] - Haiguang Information's major shareholder Blue Ocean Lightboat Partnership plans to reduce its stake by no more than 0.50% [1] - Boyun New Materials' shareholder Gao Chuang Investment plans to reduce its stake by no more than 1% [1] - Green Alliance Technology's shareholder Cyber Security Fund plans to reduce its stake by no more than 3% [1] - Te Fa Service's shareholder Yinkun Company plans to reduce its stake by no more than 3% [1] - Mengcao Ecology's actual controller Wang Zhaoming plans to reduce his stake by no more than 2.3311% [1] - Huatu Shanding's shareholder Che Lu plans to reduce his stake by no more than 3% [1] - Heshun Electric's shareholder Shen Xin plans to reduce his stake by no more than 2.5% [1] - Ruihua Tai's shareholder Ju Yao Kun plans to reduce his stake by no more than 540,000 shares [1] - Luokai Co., Ltd.'s shareholders Luohui Investment, Luoteng Investment, and Luosheng Investment plan to reduce their total stake by 378,030 shares [1] - Zhongke Feice's shareholder Guotou Chuangye Fund plans to reduce its stake by 234,870 shares [1] - Tuo Jing Technology's shareholder National Integrated Circuit Fund has already reduced its stake by 297,760 shares [1] Other Significant Developments - *ST Biology has terminated its major asset restructuring plan [1] - *ST Biology's stock may face delisting [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688041 证券简称：海光信息 公告编号：2026-001 海光信息技术股份有限公司 2025年中期权益分派实施公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： ● 是否涉及差异化分红送转：是 二、分配方案 1.发放年度：2025年中期 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等相关 规定，公司回购专用证券账户中的股份不享有股东会表决权、利润分配、公积金转增股本、认购新股和 可转换公司债券等权利，不得质押和出借。 3.差异化分红送转方案： （1）差异化分红方案 ● 每股分配比例 每股现金红利0.09元 一、通过分配方案的股东会届次和日期 本次利润分配方案经海光信息技术股份有限公司（以下简称"公司"）2025年12月29日的2025年第三次临 时 ...

据天眼查APP显示，海光信息技术股份有限公司成立于2014年10月24日，注册资本232433.8091万人民 币。（数据宝） 1月22日海光信息大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 1.50 | 432.75 | 288.50 | 0.00 | 华泰证券股份有限公司北京西三 | 国泰海通证券股 | | | | | | 环国际财经中心证券营业部 | 份有限公司总部 | （文章来源：证券时报网） 海光信息1月22日大宗交易平台出现一笔成交，成交量1.50万股，成交金额432.75万元，大宗交易成交价 为288.50元。该笔交易的买方营业部为华泰证券股份有限公司北京西三环国际财经中心证券营业部，卖 方营业部为国泰海通证券股份有限公司总部。 进一步统计，近3个月内该股累计发生39笔大宗交易，合计成交金额为4.44亿元。 证券时报·数据宝统计显示，海光信息今日收盘价为2 ...

海光信息(688041.SH)发布公告，因股东自身资金需求，蓝海轻舟合伙计划自本公告披露之日起15个交 易日后的三个月内通过大宗交易和/或集中竞价交易方式减持股份数量合计不超过1162万股，即不超过 公司总股本的0.50%。 ...

智通财经APP讯，海光信息(688041.SH)发布公告，因股东自身资金需求，蓝海轻舟合伙计划自本公告 披露之日起15个交易日后的三个月内通过大宗交易和/或集中竞价交易方式减持股份数量合计不超过 1162万股，即不超过公司总股本的0.50%。 ...

Major Announcements - Zhaoyi Innovation plans to use 500 million CNY of A-share fundraising to increase capital in its wholly-owned subsidiaries for the implementation of the DRAM project [1] - Haiguang Information's mid-2025 profit distribution plan includes a cash dividend of 0.09 CNY per share, totaling 209 million CNY [2] - *ST Biology has terminated the major asset restructuring plan to acquire 51% of Hunan Huize Biomedical Technology Co., Ltd. [3] - Fosun Pharma intends to spin off its subsidiary Fosun Antigen for independent listing on the Hong Kong Stock Exchange [4] - Jingchen Co. has set the inquiry transfer price at 82.85 CNY per share for the transfer of 13.1 million shares [5] Performance Forecasts - Zhaoyi Innovation expects a net profit of approximately 1.61 billion CNY for 2025, a year-on-year increase of about 46% [9] - Longying Precision anticipates a net profit decrease of 17.70% to 29.36% for 2025, estimating between 545 million CNY and 635 million CNY [9] - Ruichuang Micro-Nano forecasts a net profit of around 1.1 billion CNY for 2025, representing a 93% increase [10] - Nanjing Bank projects a net profit of 21.81 billion CNY for 2025, an 8.08% increase year-on-year [11] - Zhongyuan Co. expects a net profit increase of 80% to 105% for 2025, estimating between 139 million CNY and 158 million CNY [12] - Qiangyi Co. anticipates a net profit increase of 57.87% to 71.17% for 2025, estimating between 368 million CNY and 399 million CNY [13] - Liard expects a net profit of 300 million CNY to 380 million CNY for 2025, turning from a loss of 889 million CNY in the previous year [14] - Daheng Technology forecasts a net profit of approximately 106 million CNY for 2025, also turning from a loss [16] - Dongfeng Co. anticipates a net loss of 390 million CNY to 480 million CNY for 2025 [17] - Qing Song Co. expects a net profit increase of 137.73% to 201.74% for 2025, estimating between 130 million CNY and 165 million CNY [18] - SIRUI Co. forecasts a net profit of 165 million CNY to 184 million CNY for 2025, turning from a loss [19] - Shengmei Shanghai expects a revenue increase of 18.91% to 22.47% for 2025, estimating between 6.68 billion CNY and 6.88 billion CNY [20] - Yijun Co. anticipates a net loss of 11 million CNY to 14 million CNY for 2025 [21] - Saint Yuan Environmental Protection expects a net profit increase of 31.79% to 59.24% for 2025, estimating between 240 million CNY and 290 million CNY [22] - Lijun Co. forecasts a net profit decrease of 45.05% to 60.03% for 2025, estimating between 4.8 million CNY and 6.6 million CNY [23] - Xingqi Eye Medicine expects a net profit increase of 95.82% to 121.56% for 2025, estimating between 662 million CNY and 749 million CNY [25] - Beidou Star expects a net loss of 230 million CNY to 290 million CNY for 2025, reducing losses compared to the previous year [26] - Yiling Pharmaceutical anticipates a net profit of 1.2 billion CNY to 1.3 billion CNY for 2025, turning from a loss of 725 million CNY [27] - Zhijiang Bio forecasts a net loss of 32 million CNY to 47 million CNY for 2025, reducing losses compared to the previous year [28] - Yema Battery expects a net profit decrease of 58% to 70% for 2025, estimating between 45.83 million CNY and 64.17 million CNY [29] - Yunmei Energy anticipates a net loss of 410 million CNY to 470 million CNY for 2025 [30] - Yingfang Micro expects a net loss of 69 million CNY to 97 million CNY for 2025 [31] - Guanghua Technology forecasts a net profit of 85 million CNY to 120 million CNY for 2025, turning from a loss [33] Share Buybacks - Hengyi Petrochemical plans to repurchase shares worth 500 million CNY to 1 billion CNY [34] - Yunyi Electric plans to repurchase shares worth 100 million CNY to 150 million CNY [34] - Xidun Pharmaceutical plans to repurchase shares worth 25 million CNY to 50 million CNY [35]

格隆汇1月22日丨海光信息(688041.SH)公布，公司近日收到大股东蓝海轻舟合伙出具的《关于股份减持 计划的告知函》，因股东自身资金需求，蓝海轻舟合伙计划自本公告披露之日起15个交易日后的三个月 内通过大宗交易和/或集中竞价交易方式减持股份数量合计不超过1162万股，即不超过公司总股本的 0.50%。 ...

证券代码：688041 证券简称：海光信息 公告编号：2026-002 海光信息技术股份有限公司 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、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东持有的基本情况 截至本公告披露日，海光信息技术股份有限公司（以下简称"公司"）大股 东成都蓝海轻舟企业管理合伙企业（有限合伙）（以下简称"蓝海轻舟合伙"）为 公司员工持股平台，持有公司股份 141,486,364 股，占公司总股本 6.09%，为公 司首次公开发行前取得的股份，已于 2025 年 8 月 12 日上市流通。 关于持股 5%以上股东减持股份计划公告 减持计划的主要内容 公司近日收到大股东蓝海轻舟合伙出具的《关于股份减持计划的告知函》， 因股东自身资金需求，蓝海轻舟合伙计划自本公告披露之日起 15 个交易日后的 三个月内通过大宗交易和/或集中竞价交易方式减持股份数量合计不超过 11,620,000 股，即不超过公司总股本的 0.50%。减持股份计划实施期间，如遇派 息、送股、转增股本、配股等除权除息事项，上述拟减持股份数量将相应进行调 ...