Core Viewpoint - The company is collaborating with South China University of Technology to establish a "High-Entropy Ceramic New Materials Joint Research Center," focusing on the fundamental research and application development of high-entropy ceramic materials [1] Group 1: Company Initiatives - The joint research center aims to promote the industrial application of high-entropy ceramic materials in high-end manufacturing fields such as new energy vehicles, aerospace, photovoltaics, and semiconductors [1] - The company is advancing its industrialization projects related to high-entropy ceramics in an orderly manner, although there have been no specific applications in recent launches [1] Group 2: Material Characteristics and Applications - High-entropy ceramics possess exceptional properties such as ultra-high temperature resistance and ultra-high hardness, making them suitable for various applications including battery thermal management, thermal barrier coatings for aircraft, semiconductor components, and high-end cutting tools [1] - The application prospects of high-entropy ceramics are extensive, contributing to enhanced performance and reliability of equipment in extreme environments [1]

Core Viewpoint - The company has experienced a significant increase in orders for electric vehicle battery swapping stations, with orders growing several times compared to the same period last year, driven by a focus on major clients and projects [1] Group 1: Company Performance - The company is currently operating at full capacity for its battery swapping stations [1] - There is an expectation of sustained strong demand from major clients over the next 2-3 years based on customer needs and industry trends [1] - The company is planning and implementing expansion plans to meet the anticipated growth in orders [1] Group 2: Future Outlook - The overall profitability of the company's battery swapping and new energy business segments is expected to significantly improve with the continued delivery of related orders [1]

导读：如果此次尚水智能IPO创业板之旅一旦成功，比亚迪将从该笔股权投资上获得更为惊人的回报。 不过，与既在营收上给予大力扶持，又在股权上投下真金白银的比亚迪相比，尚水智能A股上市最大的 受益者，除了其实控人之外，却另有其人——四年前完成IPO的博众精工，其实际控制人吕绍林夫妇将 又通过尚水智能IPO一役继续书写其资本造富的神话。 作者：姚 毅@北京 编辑：翟 睿@北京 在尝试通过上市公司并购和科创板IPO的方式登陆A股皆败后，"转道"深交所创业板第三次向国内资本 市场发起冲刺的深圳市尚水智能股份有限公司（下称"尚水智能"）终于赶在了2025年即将落幕之前，等 来了成功上市的曙光。 2025年12月16日，深交所2025年第30次上市委审议会议即将拉开帷幕，该次会议的主要议题即是对尚水 智能的创业板IPO申请进行审议和表决。 在尚水智能此次获准走上上市委会议之前，2025年内已有17家企业携IPO申请先其一步逐一获得了深交 所上市委会议的审核，且皆获得了上市委员们给出的"符合发行条件、上市条件和信息披露要求"的结 果，延续这一趋势，尚水智能似乎也胜算颇大。 早在2021年前后，尚水智能就曾一度与科恒股份进行接洽 ...

Group 1 - The core point of the article is that Bozhong Precision Engineering has disclosed the number of its shareholders, which is 10,459 as of December 10, 2025 [1]

Group 1 - The 3C supply chain is benefiting from the cyclical recovery of its industry and the accelerated penetration of AI at the edge, presenting growth opportunities [1] - The 3C supply chain's specialized manufacturing model of "components-modules-finished products" is well-suited for the mass production phase of humanoid robots [1] - Companies like Luxshare Precision and Lens Technology are leveraging their experience in the 3C sector to expand into humanoid robotics, focusing on module and finished product manufacturing [1] Group 2 - The 3C terminal market, represented by smartphones, is entering a recovery cycle, providing a foundation for industry growth [2] - Major tech companies are accelerating the deployment of AI at the edge, which is expected to drive a new replacement cycle for terminal products [2] - Companies like Apple, Google, and ByteDance are competing to enhance their mobile devices with AI capabilities, which could lead to significant growth in the 3C industry [2]

Core Viewpoint - The continuous decline in the number of shareholders for certain companies indicates a trend of increasing concentration of shares, with 122 companies experiencing a decrease for more than three consecutive periods, and some seeing declines for up to 13 periods [1] Group 1: Shareholder Trends - A total of 985 companies reported their latest shareholder numbers as of November 30, with 122 companies showing a continuous decline in shareholder numbers [1] - Notable companies with significant declines include ST Renzihang, which has seen a 23.81% drop in shareholder numbers over 13 periods, and Rundu Co., which has experienced a 40.50% decline over 11 periods [1] - Other companies with notable declines include Yihua New Materials and ST Huike, among others [1] Group 2: Market Performance - Among the companies with declining shareholder numbers, 36 have seen their stock prices rise, while 86 have experienced declines, with notable gainers including Shibu Testing (up 73.16%), Anlian Ruishi (up 58.15%), and Xianhe Environmental (up 32.00%) [2] - 37 companies, representing 30.33%, outperformed the Shanghai Composite Index during this period, with Shibu Testing, Anlian Ruishi, and Fuzheng Technology showing relative returns of 74.30%, 55.80%, and 32.87%, respectively [2] Group 3: Industry and Institutional Insights - The industries with the highest concentration of companies experiencing declining shareholder numbers include machinery, pharmaceuticals, and construction, with 18, 9, and 9 companies respectively [2] - In terms of market segments, 73 companies are listed on the main board, 47 on the ChiNext board, and 2 on the Sci-Tech Innovation board [2] - In the past month, 17 companies with declining shareholder numbers have been subject to institutional research, with Yunnan Copper, Great Wall Securities, and China Electric Port receiving the most attention [2]

Group 1: Robotics Industry - The U.S. government is focusing on the development of robotics, indicating that robotics technology is becoming a key frontier in U.S.-China competition, with potential for continued resonance between the two countries' industries [1] - The Trump administration's actions suggest a strategic elevation of the U.S. robotics industry, with domestic policies expected to follow suit [1] - U.S. companies are actively investing in the robotics sector, creating a closed loop of "model-simulation-hardware," while China's supply chain is accelerating the implementation of robotics in various scenarios [1] Group 2: Construction Machinery - In November, domestic excavator sales exceeded expectations, and exports maintained high growth rates despite a high base, indicating a strong overall fundamental outlook for the sector [2] - The upward trend in both domestic and international sales of construction machinery has been validated, with a focus on overseas markets where profits from exports account for about 70% of many companies [2] - The performance of companies in the construction machinery sector remains strong, with non-excavator domestic sales also showing significant growth [2] Group 3: Lithium Battery Equipment - The electrification of ships is expanding the application of lithium batteries into new scenarios, with a positive outlook for lithium battery equipment in the upcoming year [3] - The demand for lithium batteries is expected to increase as new technologies like solid-state and sodium-ion batteries emerge, enhancing the electrification rate across various sectors [3] - The mid-term acceptance of solid-state batteries is anticipated to be completed by the end of the year, leading to a new round of order tenders from leading battery manufacturers and vehicle manufacturers [3] Group 4: PCB Equipment - The PCB industry is experiencing a resurgence, characterized by high-end product development and factory establishment in Southeast Asia, which is driving the demand for PCB equipment upgrades [4] - Key segments of PCB equipment, such as drilling and plating, hold significant value and are critical for circuit board performance [4] - The industry is evolving towards higher layer counts and more precise wiring due to AI-driven advancements, necessitating improvements in processing technology [4] Group 5: Forklifts & Mobile Robots - Sales of large forklifts are maintaining growth, with domestic sales increasing by 5% to 16% and exports growing by 8% to 23% from July to October [5] - The industry is optimistic about the upward trend in demand for smart logistics and unmanned forklifts, with major companies launching intelligent logistics products in Q4 [5] Group 6: Recommended Companies in Machinery Sector - Key companies recommended include Hengli Hydraulic, Aibin Technology, LiuGong, XCMG, Jereh, Naipu Mining, SANY Heavy Industry, Zoomlion, Anhui Heli, Hangcha Group, Huace Testing, Shoucheng Holdings, Xian Dao Intelligent, Bozhong Precision, Haitai International, Yizhiming, Puyuan Precision Electronics, Zhongji United, and Maiwei Shares [6]

证券日报网讯12月8日，博众精工在互动平台回答投资者提问时表示，公司推出的全自动高精度共晶机- 星威EF8621、EH9721等已经在光通讯领域的头部企业形成批量销售，并出口至海外，用于目前主流的 400G、800G光模块贴合场景，其所具备的核心技术，如高精度拾取贴合系统、高效共晶加热系统、 wafer供料系统等均达到国际先进水平，同时公司针对下一代1.6T光模块产品的设备研发也正在进行之 中。子公司博众仪器目前经营一切正常，其在年中发布的200KV透射电子显微镜产品已获得批量订单， 目前正在生产交付过程中。 ...

博众精工在互动平台表示，公司推出的全自动高精度共晶机-星威EF8621、EH9721等已经在光通讯领域 的头部企业形成批量销售，并出口至海外，用于目前主流的400G、800G光模块贴合场景，其所具备的 核心技术，如高精度拾取贴合系统、高效共晶加热系统、wafer 供料系统等均达国际先进水平，同时公 司针对下一代1.6T光模块产品的设备研发也正在进行之中。 子公司博众仪器目前经营一切正常，其在 年中发布的200KV透射电子显微镜产品已获得批量订单，目前正在生产交付过程中。 (本文来自第一财经) ...

博众精工在互动平台表示，公司针对下一代1.6T光模块产品的设备研发也正在进行之中。子公司博众仪 器目前经营一切正常，其在年中发布的200KV透射电子显微镜产品已获得批量订单，目前正在生产交付 过程中。 ...