炬光科技公告，宋涛、侯栋、李小宁、田野、宁波宁炬、宁波新炬、宁波吉辰、刘兴胜因自身资金需 求，拟自本减持计划披露之日起15个交易日后的3个月内，通过集中竞价交易方式、大宗交易方式合计 减持不超过1311258股股份，即不超过公司总股本的1.4592%。 (本文来自第一财经) ...

（记者 贾运可） 截至发稿，炬光科技市值为157亿元。 每经头条（nbdtoutiao）——海南封关首日直击：为中国探路，全球最大自贸港如何重塑开放边界？ 每经AI快讯，炬光科技（SH 688167，收盘价：174.74元）12月19日晚间发布公告称，截至本公告披露 日，宋涛持有西安炬光科技股份有限公司股份约9.45万股，占公司总股本的0.1051%；侯栋持有公司约 1.69万股，占公司总股本的0.0188%；延绥斌持有公司股份约8.01万股，占公司总股本的0.0892%；李小 宁持有公司股份1680股，占公司总股本的0.0019%；田野持有公司股份约7.67万股（其中股权激励归属 3200股），占公司总股本的0.0854%；宁波宁炬创业投资合伙企业（有限合伙）持有公司股份约117.93 万股，占公司总股本的1.3124%；宁波新炬创业投资合伙企业（有限合伙）持有公司股份约18.33万股， 占公司总股本的0.204%；宁波吉辰创业投资合伙企业（有限合伙）持有公司股份约17.18万股，占公司 总股本的0.1912%；刘兴胜持有公司约1199.42万股（其中股权激励归属约4.08万股），占公司总股本的 约13.3 ...

Core Viewpoint - Juguang Technology (688167.SH) announced that shareholders, including Song Tao, plan to reduce their holdings by a total of no more than 1.3113 million shares, representing 1.4592% of the company's total share capital, between January 14, 2026, and April 13, 2026 [1] Summary by Category - Shareholder Actions - Shareholders, including Song Tao, intend to reduce their holdings through centralized bidding or block trading [1] - The planned reduction amounts to a maximum of 1.3113 million shares [1] - This reduction represents 1.4592% of the total share capital of the company [1]

智通财经APP讯，炬光科技(688167.SH)发布公告，公司股东宋涛等计划自2026年1月14日至2026年4月 13日期间，通过集中竞价或大宗交易方式合计减持不超过131.13万股，占公司总股本的1.4592%。 ...

Core Viewpoint - The company, Juguang Technology, announced that several shareholders plan to reduce their holdings due to personal financial needs, with a total reduction of up to 1.4592% of the company's total share capital [1] Shareholder Reduction Plans - A total of up to 131.13 million shares will be reduced over a period of three months starting from 15 trading days after the announcement [1] - Specific shareholders include Liu Xingsheng, who plans to reduce up to 240,800 shares, and Ningbo Ningju, who intends to reduce up to 540,300 shares [1] - Other shareholders, such as Song Tao, Hou Dong, Yan Suibin, Li Xiaoning, Tian Ye, Ningbo Xinjun, and Ningbo Jichen, also have reduction plans [1] Impact on Company Governance - The planned reductions will not lead to a change in the company's control and will not significantly impact the company's governance structure or ongoing operations [1]

Core Viewpoint - The company plans to utilize up to RMB 20 million of temporarily idle raised funds for cash management, focusing on high safety, good liquidity, low risk, and capital preservation products [1] Group 1 - The investment period for the cash management is set from December 27, 2025, to December 26, 2026 [1] - The funds can be used in a rolling manner within the specified limit and timeframe [1]

Core Insights - The financing balance of the STAR Market increased by 314 million yuan compared to the previous day, with 45 stocks seeing an increase of over 10 million yuan in financing balance, led by C Muxi, Moer Thread, and Changguang Huaxin [1][2] - As of December 17, the total margin financing balance of the STAR Market reached 261.36 billion yuan, an increase of 339 million yuan from the previous trading day [1] - C Muxi, which was newly listed on December 17, had a financing balance of 805 million yuan on its first day, marking a significant entry into the market [1][2] Financing Trends - Among the stocks with significant net financing purchases, C Muxi led with a net buy of 1.37 billion yuan, followed by Moer Thread and Changguang Huaxin with net buys of 959.14 million yuan and 619.09 million yuan, respectively [2] - The average increase in stock prices for those with net purchases exceeding 10 million yuan was 17.79%, with C Muxi experiencing a remarkable rise of 692.95% [2] - The sectors attracting the most interest from margin traders included electronics, power equipment, and computers, with 25, 5, and 5 stocks respectively [2] Stock Performance - The stocks with the highest financing balances and their respective changes included: - C Muxi: 805.27 million yuan, up 692.95% - Moer Thread: 1.82 billion yuan, up 8.10% - Changguang Huaxin: 1.01 billion yuan, up 10.54% [2][3] - Stocks with significant decreases in financing balance included Zhongwei Company, Shengyi Electronics, and Dingtong Technology, with reductions of 83.58 million yuan, 68.24 million yuan, and 62.35 million yuan, respectively [1]

Group 1: Major Asset Restructuring - Pulutong plans to acquire 100% of Leqee Group Limited and 8.26% of Hangzhou Lemai through share issuance and cash payment, with the transaction price yet to be determined [2][3] - Wanlong Optoelectronics intends to acquire 100% of Zhejiang Zhongkong Information Industry Co., Ltd. through share issuance and cash payment, with the final transaction price still pending [4][5] - Fengxing Co. plans to acquire 75% of Baiyin Huaxin Jiuhe Recycling Resources Co., Ltd. through share issuance and cash payment, with the asset valuation and transaction price yet to be confirmed [6] Group 2: Corporate Mergers and Acquisitions - CICC disclosed a plan to absorb and merge Dongxing Securities and Xinda Securities, with the merger expected to result in the cancellation of the latter's listings [7] - Meike Home is in the process of planning to acquire control of Shenzhen Wandelong Optoelectronics Co., Ltd., with the valuation still under consideration [8] Group 3: Significant Contracts and Agreements - China CRRC signed several major contracts totaling approximately 533.1 billion yuan, which includes contracts for wind power equipment and urban rail vehicles [15] - China Duty Free Group won bids for duty-free store projects at Shanghai Pudong and Hongqiao International Airports, with a joint investment of 102 million yuan for a new duty-free joint venture [16]

Market Overview - The main board saw significant gains with stocks like Tongding Interconnection (+10.09%), Guangxun Technology (+10.01%), and Zhongci Electronics (+10.00%) leading the charge [1] - The ChiNext board also performed well, with Yidong Electronics (+20.01%), Gu'ao Technology (+20.00%), and Liant Technology (+20.00%) showing strong increases [1] - The Sci-Tech Innovation board was led by Kaipu Cloud (+20.00%), Juguang Technology (+17.34%), and Shengyi Electronics (+13.56%) [1] - Active sub-industries included SW Communication Network Equipment and Devices (+7.11%) and SW Communication Cables and Accessories (+6.90%) [1] Domestic News - Aibang ARAI announced the launch of the industry's first ultra-low power silicon-based LCD micro-display panel, model OP03021, featuring a resolution of 1632×1536 and a refresh rate of 90Hz [1] - The semiconductor sector observed a strategic acquisition by the Greater Bay Area Fund and Huada Jiutian of Sierxin, enhancing Huada Jiutian's capabilities in digital chip design and verification [1] - Texas Instruments and UBTECH Robotics entered a strategic partnership, with Texas Instruments procuring UBTECH's Walker S2 humanoid robots for deployment in production lines [1] - Xiaomi raised prices on several tablet models, with the entry-level Redmi Pad 2 seeing a price increase of approximately 20%, from 999 yuan to 1199 yuan [1] Company Announcements - Nanchip Technology plans to issue 1.933 billion yuan in convertible bonds to fund projects in smart power management chips, automotive chips, and industrial sensor and control chips [3] - Geke Micro announced a government subsidy of 60 million yuan received by its subsidiary Geke Microelectronics (Zhejiang) [3] - Mingyang Circuit projected a maximum of 5.09 million yuan in related transactions with Bai Rou New Materials for 2026, primarily for raw material procurement [3] - Pingzhi Information's subsidiary signed a 5-year contract with Inner Mongolia Unicom for computing power services, valued at 38.25 million yuan [3] Overseas News - TOPPAN plans to install an advanced semiconductor packaging R&D line at its Ishikawa factory, set to be operational by July 2026 [2] - SK Hynix's advanced semiconductor packaging factory in Indiana is set to break ground in Q1 2026, with an investment of approximately 3.87 billion USD [2] - SEM forecasts a 13.7% year-on-year increase in global semiconductor equipment sales in 2025, reaching a historical high of 133 billion USD [2] - Samsung Electronics aims to finalize the product development specifications for LPDDR6-PIM memory solutions by the end of this year, enhancing AI capabilities in edge computing devices [2]

Core Insights - On December 17, the Shanghai Composite Index rose by 1.19%, with institutional investors appearing on the trading lists of 31 stocks, net buying 18 and net selling 13 [1] - Institutional special seats net bought a total of 467 million yuan, marking the fifth consecutive day of net buying [1] Institutional Net Buying - The stock with the highest net buying from institutional seats was Juguang Technology, which closed up 17.34% with a turnover rate of 12.90% and a transaction volume of 2.025 billion yuan. The top five trading departments included three institutional special seats, net buying a total of 291.32 million yuan [2] - ShenNan Circuit hit the daily limit, closing up 10.00% with a turnover rate of 2.60% and a transaction volume of 3.663 billion yuan. Seven institutional special seats were among the top five trading departments, net buying a total of 173.44 million yuan [2] - Hualing Cable closed up 5.21% with a turnover rate of 58.77% and a transaction volume of 3.217 billion yuan. Two institutional special seats net bought a total of 124.66 million yuan [3] Institutional Net Selling - The stock with the highest net selling by institutions was Yingweike, which saw a net selling amount of 220.25 million yuan. It was listed due to a price deviation of 8.32% [4] - XueRen Group had a net selling of 140.22 million yuan, with a turnover rate of 46.49% [4] - Guangxun Technology also saw significant net selling, amounting to 124.14 million yuan, despite a price deviation of 8.32% [4] Market Performance - The average increase of stocks with net buying from institutions was 8.38%, outperforming the Shanghai Composite Index [3] - Stocks like Yidong Electronics and Kaipu Cloud showed strong performance, closing at the daily limit [3] - A backtest of stocks with net buying from institutions over the past month revealed a 45.83% probability of rising the next day and a 38.54% probability of rising over three days [3] Earnings Forecast - Among the stocks with net buying from institutions, two provided earnings forecasts for 2025, both indicating an increase. Nantetech is expected to have a net profit of 111 million yuan, representing a year-on-year increase of 13.02% [3] Stocks with Deep and Hong Kong Stock Connect - On December 17, 16 stocks on the trading list had appearances from the Deep and Hong Kong Stock Connect, with net buying amounts for ShenNan Circuit, Shengxin Lithium Energy, and Aerospace Machinery totaling 146 million yuan, 109 million yuan, and 85.18 million yuan respectively [7] - Stocks like XueRen Group and Biological Shares saw significant net selling through the Deep and Hong Kong Stock Connect, with amounts of 143 million yuan and 54.91 million yuan respectively [7]