Group 1: Weichuang Electric / Automation Equipment - The company is strengthening collaborations to promote technological innovation and market expansion in the robot-driven component business [4] - Plans to establish a joint venture in Thailand with Zhejiang Rongtai to expand the smart robot electromechanical integration market, with both parties holding 50% shares [4] - The company aims to deepen industry demand and continue global expansion, focusing on regions like Asia, Africa, and Latin America while enhancing product offerings [5] - Revenue projections for 2025-2027 are estimated at 1.977 billion, 2.444 billion, and 3.108 billion yuan, with net profits of 288 million, 346 million, and 419 million yuan respectively [6] Group 2: Lenovo Group / Computer Equipment - Lenovo reported FY2026Q3 revenue of approximately 22.204 billion USD, an 18% year-on-year increase, with a net profit of 546 million USD, down 21% year-on-year [7][8] - The adjusted net profit increased by 36% year-on-year, driven by efficiency optimization and a high-end product mix [8] - The Infrastructure Solutions Group (ISG) is undergoing strategic restructuring, expected to accelerate the return to profitability in FY2027 [9] Group 3: Shipping and Ports Industry - National import and export total reached 45.47 trillion yuan in 2025, with a 3.8% year-on-year growth [13] - Container throughput at major coastal ports reached 31.198 million TEUs, a 7% year-on-year increase [15] - The Baltic Dry Index (BDI) rose by 135.95% year-on-year, indicating a significant increase in dry bulk shipping rates [19] Group 4: Google-A / Overseas - Google reported Q4 2025 revenue of 113.828 billion USD, an 18% year-on-year increase, with a net profit of 33.455 billion USD, up 30% year-on-year [25] - Search advertising revenue grew by 17% year-on-year, driven by AI innovations enhancing user experience and monetization efficiency [26] - Google Cloud revenue surged by 48% year-on-year, reaching 17.7 billion USD, with a significant increase in annual recurring revenue [27] Group 5: Yutong Technology / Packaging Printing - The company plans to acquire 51% of Huayan Technology for 449 million yuan, aiming to enhance its capabilities in precision manufacturing [32][34] - The acquisition is expected to leverage industry synergies and empower the second growth curve, focusing on high-profile clients like Google and Samsung [34] - Revenue projections for 2025-2027 are estimated at 19.069 billion, 21.001 billion, and 23.077 billion yuan, with net profits of 1.608 billion, 1.798 billion, and 1.980 billion yuan respectively [34] Group 6: NetEase-S / Gaming - NetEase reported Q4 2025 revenue of 27.5 billion yuan, a 3% year-on-year increase, with a net profit of 6.2 billion yuan, down 28.8% year-on-year [36][37] - The gaming segment showed resilience with a revenue of 22 billion yuan, driven by strong performance from popular IPs and new game launches [38] - The company is focusing on AI-driven strategies to enhance operational efficiency and optimize its business structure [39] Group 7: Aidi Pharmaceutical / Biopharmaceuticals - The company is advancing its international product launch and received GMP certification from Tanzania, facilitating entry into the African market [43] - Revenue for 2025 is projected at 721 million yuan, a 72.57% year-on-year increase, with a focus on HIV innovative drug sales [43] - Multiple new drug pipelines are actively progressing, with significant clinical trial approvals received [44] Group 8: Meituan-W / Local Life Services - Meituan is projected to achieve total revenue of 916 billion yuan in Q4 2025, with a core local business revenue of 648 billion yuan, reflecting a competitive landscape [45][46] - The company is strategically increasing investments in marketing and rider incentives to enhance operational efficiency amid fierce competition [46] - Long-term growth potential is anticipated through refined operations in instant delivery and overseas expansion [49] Group 9: Huahong Semiconductor / Semiconductors - Huahong Semiconductor reported Q4 2025 revenue of 660 million USD, a 22.4% year-on-year increase, with a wafer shipment of 1.45 million pieces [50]

Group 1 - The company, Jiewa Technology Co., Ltd., is holding its first extraordinary shareholders' meeting of 2026 on March 10, 2026 [2][5] - The meeting will be conducted using a combination of on-site and online voting methods, with specific time slots for each [3][5] - Shareholders must register to attend the meeting, with detailed registration procedures outlined for both individual and institutional investors [11][15] Group 2 - The company is involved in a related party transaction where its subsidiary, Hangzhou Lingxin Microelectronics Co., Ltd., will receive an investment from the Nanjing Green Technology Venture Capital Partnership [21][24] - The investment includes a cash contribution of 26.77 million yuan for an equity stake of 10.85% and an additional 33.23 million yuan for a 2.86% equity transfer [21][24] - Following the transaction, the company's direct and indirect ownership in Lingxin Micro will decrease from 44.38% to 42.24%, while maintaining control over the subsidiary [21][24]

证券代码：688141 证券简称：杰华特 公告编号：2026-004 杰华特微电子股份有限公司 关于公司参股基金对外投资暨关联交易的公告 本公司董事会及全体董事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： 本次交易概述：杰华特微电子股份有限公司（以下简称"公司"或"杰 华特"）参股基金南靖绿色科技创业投资合伙企业（有限合伙）（以下简称"南靖 基金"）拟以货币出资 2,677.48 万元对公司控股子公司杭州领芯微电子有限公 司（以下简称"领芯微"、"标的公司"或"目标公司"）进行增资，占领芯微增 资后股权比例的 10.85%；同时南靖基金拟出资 3,322.52 万元受让宁波草稚星优 凯创业投资合伙企业（有限合伙）及宁波草稚星道流创业投资合伙企业（有限合 伙）合计持有的领芯微 2.86%股份。公司及公司控股子公司拟放弃对领芯微本次 增资的优先认购权及上述股权转让的优先受让权。本次交易完成后，南靖基金持 有领芯微的股权比例为 13.40%；公司和公司全资子公司杰瓦特微电子（杭州） 有限公司直接和间接持有领芯微的股权比例由 44.3 ...

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： 一、 召开会议的基本情况 关于召开2026年第一次临时股东会的通知 （一） 股东会类型和届次 2026年第一次临时股东会 证券代码：688141 证券简称：杰华特 公告编号：2026-005 杰华特微电子股份有限公司 召开日期时间：2026 年 3 月 10 日 15 点 30 分 召开地点：浙江省杭州市西湖区三墩镇圣塘坝街 19 号圣塘芯城 A 座 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 3 月 10 日 至2026 年 3 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 股东会召开日期：2026年3月10日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 ...

本次交易完成后，南靖基金持有领芯微的股权比例为13.40%；公司和公司全资子公司杰瓦特微电子 （杭州）有限公司直接和间接持有领芯微的股权比例由44.38%变更为42.24%，并实际控制领芯微的股 权比例由91.69%变更为81.74%；同时，公司拥有领芯微5名董事席位中的3名，对领芯微拥有重大事项 决策权、影响管理层的任免，拥有对领芯微的控制权，领芯微仍为公司控股子公司，因此，本次增资及 股权转让事项不会导致公司合并报表范围发生变化。 格隆汇2月11日丨杰华特(688141.SH)公布，公司参股基金南靖绿色科技创业投资合伙企业（有限合伙） （以下简称"南靖基金"）拟以货币出资2,677.48万元对公司控股子公司杭州领芯微电子有限公司（以下 简称"领芯微"、"标的公司"或"目标公司"）进行增资，占领芯微增资后股权比例的10.85%；同时南靖基 金拟出资3,322.52万元受让宁波草稚星优凯创业投资合伙企业（有限合伙）及宁波草稚星道流创业投资 合伙企业（有限合伙）合计持有的领芯微2.86%股份。公司及公司控股子公司拟放弃对领芯微本次增资 的优先认购权及上述股权转让的优先受让权。 ...

资料显示，杰华特微电子股份有限公司位于浙江省杭州市西湖区三墩镇圣塘坝街19号圣塘芯城A座,香港 铜锣湾希慎道33号利园1期19楼1919室，成立日期2013年3月18日，上市日期2022年12月23日，公司主营 业务涉及模拟集成电路的研发与销售,为客户提供高效率、高性能、高可靠性的一站式模拟集成电路产 品解决方案。主营业务收入构成为：电源管理芯片93.09%，其中:DC-DC芯片56.79%，其中:AC-DC芯片 20.48%，其中:线性电源芯片14.40%，信号链芯片4.37%，功率产品1.69%，其中:电池管理芯片1.43%， 技术服务收入0.82%，其他(补充)0.02%，其他0.01%。 2月9日，杰华特涨5.03%，截至发稿，报52.20元/股，成交2.15亿元，换手率0.94%，总市值235.07亿 元。 汇添富科技创新混合A（007355）基金经理为马翔。 截至发稿，马翔累计任职时间9年338天，现任基金资产总规模197.13亿元，任职期间最佳基金回报 309.18%， 任职期间最差基金回报-19.06%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在 ...

Core Viewpoint - Jiewate (688141.SH) has disclosed its 2025 annual performance forecast, indicating expected revenue between 2.6 billion to 2.75 billion yuan, but projecting a net loss attributable to shareholders of 730 million to 630 million yuan [1] Group 1: Financial Performance Forecast - For 2025, Jiewate anticipates operating revenue of 260,000.00 thousand yuan to 275,000.00 thousand yuan [1] - The projected net profit attributable to shareholders is expected to be a loss of 730,000.00 thousand yuan to 630,000.00 thousand yuan [1] - The forecasted net profit excluding non-recurring gains and losses is estimated to be a loss of 820,000.00 thousand yuan to 720,000.00 thousand yuan [1] Group 2: Historical Financial Performance - In 2023, Jiewate reported a net profit attributable to shareholders of -531.4 million yuan, and in 2024, it was -603.4 million yuan [1] - The net profit excluding non-recurring gains and losses for 2023 was -554.1 million yuan, and for 2024, it was -643.8 million yuan [1] Group 3: IPO and Fundraising - Jiewate raised a total of 222,214.08 thousand yuan from its initial public offering, with a net amount of 205,468.49 thousand yuan, exceeding the original fundraising target by 48,373.76 thousand yuan [2] - The company initially planned to raise 157,094.73 thousand yuan for various projects, including high-performance power management chips and automotive electronic chips [2] - The total issuance costs for the IPO amounted to 16,745.59 thousand yuan, with underwriting fees of 13,332.84 thousand yuan [2] Group 4: Company Control - The actual controllers of Jiewate are Zhou Xunwei, a U.S. national, and Huang Biliang, a resident of Macau, China [2]

国联核心成长（004671）成立日期2017年9月29日，最新规模7696.91万。今年以来收益6.12%，同类排 名1700/8874；近一年收益56.21%，同类排名1213/8124；成立以来收益189.12%。 2月3日，杰华特跌0.79%，截至发稿，报49.00元/股，成交6.86亿元，换手率3.09%，总市值220.66亿 元。杰华特股价已经连续4天下跌，区间累计跌幅9.93%。 国联核心成长（004671）基金经理为吴刚。 资料显示，杰华特微电子股份有限公司位于浙江省杭州市西湖区三墩镇圣塘坝街19号圣塘芯城A座,香港 铜锣湾希慎道33号利园1期19楼1919室，成立日期2013年3月18日，上市日期2022年12月23日，公司主营 业务涉及模拟集成电路的研发与销售,为客户提供高效率、高性能、高可靠性的一站式模拟集成电路产 品解决方案。主营业务收入构成为：电源管理芯片93.09%，其中:DC-DC芯片56.79%，其中:AC-DC芯片 20.48%，其中:线性电源芯片14.40%，信号链芯片4.37%，功率产品1.69%，其中:电池管理芯片1.43%， 技术服务收入0.82%，其他(补充)0.02 ...

Core Viewpoint - The semiconductor industry is undergoing a transformation driven by AI and automotive electronics, with analog integrated circuits (ICs) playing a crucial role as a bridge between the physical and digital worlds. Jiewa Microelectronics, a leading company in analog IC design listed on China's STAR Market, is seeking to list on the Hong Kong Stock Exchange to establish a dual financing platform [1]. Company Overview - Jiewa Microelectronics has established a leading position in China's analog IC market, particularly in the power management IC sector, ranking among the top four Chinese companies in terms of revenue [1]. - The company is currently facing significant financial challenges, including ongoing net losses and negative operating cash flow, despite its strong market position [1]. Business Model - Jiewa adopts a "virtual IDM" model, which balances flexibility and process innovation by outsourcing capital-intensive manufacturing processes while maintaining control over key technology aspects [2]. - This model allows Jiewa to focus on high-tech R&D and IC design, avoiding the heavy capital investments associated with traditional manufacturing [2]. Financial Performance - Jiewa's revenue has shown a strong recovery, with reported revenues of 1.448 billion RMB in 2022, 1.297 billion RMB in 2023, 1.679 billion RMB in 2024, and 2.113 billion RMB in the first ten months of 2025 [2]. - Despite a slight decline in 2023 due to industry destocking and weak consumer demand, revenue growth is expected to rebound significantly in 2024, with a projected year-on-year increase of 59.8% in the first ten months of 2025 [2]. R&D Investment - The company maintains a high R&D expenditure, with R&D costs consistently exceeding 35% of revenue, amounting to 746 million RMB in the first ten months of 2025 [3]. - This investment strategy aims to capitalize on opportunities in AI servers and automotive electronics, focusing on high-performance products [3]. Profitability and Market Position - Jiewa is currently in a loss-making phase, with net losses of 533 million RMB in 2023, 611 million RMB in 2024, and 496 million RMB in the first ten months of 2025 [3]. - The company's gross margin has improved, reaching 22.6% in the first ten months of 2025, up from 11.8% in 2023, driven by increased revenue from high-value segments [3]. Competitive Landscape - The analog chip industry is highly competitive, with Jiewa facing challenges from global giants like Texas Instruments and Analog Devices [4]. - Jiewa's virtual IDM model reduces financial pressure but requires higher demands for capacity coordination and proprietary technology rights [4]. Market Share - Jiewa ranks 13th globally in the analog IC market and 6th in the more lucrative DC-DC IC market, with a market share of 1.9% among domestic companies [4][5]. - The company is positioned as the second-largest domestic player in China's power management market for computing and storage, establishing a solid foundation for long-term growth amid the AI wave [5]. Future Outlook - The upcoming Hong Kong listing will focus on funding the development of high-end power management and signal chain chips, aiming to enhance product line completeness and capture market share in high-value growth areas [6]. - The key to Jiewa's future success lies in leveraging its virtual IDM model to achieve scale in high-tech areas and convert its technological investments into positive cash flow [6].

截至发稿，田光远累计任职时间4年332天，现任基金资产总规模791.33亿元，任职期间最佳基金回报 177.23%， 任职期间最差基金回报-46.65%。 2月2日，杰华特跌5.08%，截至发稿，报49.55元/股，成交4.92亿元，换手率2.15%，总市值223.13亿 元。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 资料显示，杰华特微电子股份有限公司位于浙江省杭州市西湖区三墩镇圣塘坝街19号圣塘芯城A座,香港 铜锣湾希慎道33号利园1期19楼1919室，成立日期2013年3月18日，上市日期2022年12月23日，公司主营 业务涉及模拟集成电路的研发与销售,为客户提供高效率、高性能、高可靠性的一站式模拟集成电路产 品解决方案。主营业务收入构成为：电源管理芯片93.09%，其中:DC-DC芯片56.79%，其中:AC-DC芯片 20.48%，其中:线性电源芯片14.40%，信号链芯片4.37%，功率产品1.69%，其中:电池 ...