Core Insights - The A-share market for controllable nuclear fusion concept stocks experienced a significant decline, with major stocks like Ha Welding Huatong and Yongding Co. dropping over 8% [1] - Elon Musk publicly criticized nuclear fusion power on social media, stating that building small nuclear fusion reactors on Earth is economically foolish, as the Sun itself is a massive, free nuclear fusion reactor [1] Stock Performance Summary - Ha Welding Huatong: Decreased by 8.72%, market cap at 89.62 billion [2] - Yongding Co.: Decreased by 8.04%, market cap at 29.4 billion [2] - Ice Wheel Environment: Decreased by 6.98%, market cap at 16.8 billion [2] - Changfu Co.: Decreased by 6.46%, market cap at 2.512 billion [2] - Juguang Technology: Decreased by 5.45%, market cap at 14 billion [2] - Aike Saibo: Decreased by 4.62%, market cap at 6.081 billion [2] - Hezhuan Intelligent: Decreased by 4.35%, market cap at 11.7 billion [2] - Hailu Heavy Industry: Decreased by 3.76%, market cap at 10.6 billion [2] - Western Superconducting: Decreased by 3.73%, market cap at 47.2 billion [2] - Rongfa Nuclear Power: Decreased by 3.59%, market cap at 15.6 billion [2] - Changguang Huaxin: Decreased by 3.20%, market cap at 25.5 billion [2]

Group 1 - The core viewpoint of the news is that the controlled nuclear fusion concept stocks in the A-share market experienced a significant decline, influenced by Elon Musk's negative comments on nuclear fusion power generation [1] - Specific stocks that fell include: - Ha Huan Huatong down 8.72% with a market cap of 8.962 billion - Yongding Co. down 8.04% with a market cap of 29.4 billion - Ice Wheel Environment down 6.98% with a market cap of 16.8 billion - Changfu Co. down 6.46% with a market cap of 2.512 billion - Juguang Technology down 5.45% with a market cap of 14 billion [2] Group 2 - Elon Musk publicly criticized the idea of building small nuclear fusion reactors on Earth, calling it economically wasteful and stating that the Sun itself is a massive, free nuclear fusion reactor [1] - Musk emphasized that the energy produced by the Sun could meet all energy demands in the solar system, further questioning the feasibility of small-scale nuclear fusion projects [1]

Group 1 - The core point of the article highlights the performance of the 中证2000ETF嘉实 (159535), which has seen a decline of 0.85% to 1.394 yuan with a trading volume of 707,800 yuan as of the midday close on December 11 [1] - The fund's performance benchmark is the 中证2000 index return, managed by 嘉实基金管理有限公司, with a return of 40.77% since its establishment on September 14, 2023, and a return of -0.98% over the past month [1] Group 2 - The top holdings of 中证2000ETF嘉实 include 华胜天成, which fell by 1.43%, 汉威科技 down by 1.45%, 海立股份 down by 0.87%, and 仕佳光子 up by 4.94% [1] - Other notable stock movements include 东土科技 down by 1.68%, 每日互动 down by 2.23%, 宏创控股 up by 2.48%, 炬光科技 down by 2.01%, 永鼎股份 up by 9.98%, and 美湖股份 down by 1.41% [1]

Core Viewpoint - CPO (Chip-Package-Optical) technology is emerging as a key direction for high-speed optical modules, leveraging the advantages of "chip and optical engine co-packaging" to become a core area for next-generation optical communication devices [1] Company Highlights - **特发信息 (Tefa Information, 000070.SZ)**: Latest stock price at 14.85 CNY, with a daily increase of +10.00%. The subsidiary has CPO platform design capabilities and high-precision packaging technology applicable for CPO packaging [1] - **联特科技 (Liante Technology, 301205.SZ)**: Latest stock price at 143.60 CNY, with a daily increase of +7.24%. Focused on optical communication transceiver modules, mastering design and manufacturing capabilities from optical chips to optical modules [1] - **长芯博创 (Changxin Bochuang, 300548.SZ)**: Latest stock price at 143.82 CNY, with a daily increase of +7.09%. An integrated circuit electronic device company that has released external light source modules for CPO and is developing photonic technology-related products [1] - **德科立 (Dekeli, 688205.SH)**: Latest stock price at 172.90 CNY, with a daily increase of +4.78%. A light transmission company with R&D plans covering 800G and CPO high-speed miniaturized optical transceiver module technology solutions [1] - **华工科技 (Huagong Technology, 000988.SZ)**: Latest stock price at 83.20 CNY, with a daily increase of +3.53%. A photonics company with vertical integration capabilities, establishing a research institute to focus on CPO and LPO technologies [1] - **光迅科技 (Guangxun Technology, 002281.SZ)**: Latest stock price at 68.55 CNY, with a daily increase of +3.24%. A global supplier of photonic devices that has already laid out CPO technology and completed silicon photonic integration packaging technology development [1] - **新易盛 (Xinyi Sheng, 300502.SZ)**: Latest stock price at 432.26 CNY, with a daily increase of +3.13% [1] - **中天科技 (Zhongtian Technology, 600522.SH)**: Latest stock price at 17.22 CNY, with a daily increase of +2.99%. Advancing CPO co-packaging optical technology and has mastered high-speed optical module packaging capabilities [2] - **炬光科技 (Juguang Technology, 688167.SS)**: Latest stock price at 170.89 CNY, with a daily increase of +2.45%. Acquired SMO technology applicable for efficient collimation and coupling of laser light sources in CPO [2] - **源杰科技 (Yuanjie Technology, 688498.SH)**: Latest stock price at 691.66 CNY, with a daily increase of +2.39%. Has laser product reserves for CPO, with CW high-power laser technology applicable in the CPO field [2] - **光库科技 (Guangku Technology, 300620.SZ)**: Latest stock price at 172.58 CNY, with a daily increase of +2.20%. Launched high-density, high polarization-maintaining fiber array collimators for CPO applications [2] - **仕佳光子 (Shijia Photonics, 688313.SH)**: Latest stock price at 96.10 CNY, with a daily increase of +2.13%. Products like high-power laser chips can be used for CPO packaging [2] - **亨通光电 (Hengtong Optic-Electric, 600487.SH)**: Latest stock price at 20.75 CNY, with a daily increase of +1.72%. One of the earliest companies to layout CPO optoelectronic co-packaging, previously launched a 3.2T CPO working prototype [2] - **聚飞光电 (Jufei Optoelectronics, 300303.SZ)**: Latest stock price at 7.12 CNY, with a daily increase of +1.71%. The company's invested subsidiary has silicon optical chips applicable for CPO [2] - **中际旭创 (Zhongji Xuchuang, 300308.SZ)**: Latest stock price at 616.00 CNY, with a daily increase of +1.65%. A leading optical module company, with CPO as one of its key evolution directions, already has R&D and layout in place [3]

格隆汇12月10日丨炬光科技(688167.SH)公布，西高投拟通过集中竞价交易方式减持不超过127,641股股 份，即不超过公司总股本的0.1420%。2025年12月10日，公司收到西高投出具的《股份减持计划实施结 果告知函》，西高投按照上述减持计划已实施完毕。 ...

西安炬光科技股份有限公司 简式权益变动报告书 公司名称：西安炬光科技股份有限公司 股票简称：炬光科技 股票代码：688167 上市地点：上海证券交易所 信息披露义务人 1：西安高新技术产业风险投资有限责任公司 签署日期：2025 年 12 月 10 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称为《证券法》）、 《上市公司收购管理办法》（以下简称《收购管理办法》）、《公开发行证券的 公司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"）及其他相关的法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购管理办法》《准则 15 号》的规定，本报告书已 全面披露信息披露义务人在西安炬光科技股份有限公司中拥有权益的股份变动 情况。 四、截止本报告书签署之日，除本报告书披露的持股信息外，信息披露义务 人没有通过任何其他方式增加或减少其在西安炬光科技股份有限公司中拥有权 益的股份。 住所及通讯地址：陕西省西安市高 ...

证券代码：688167 证券简称：炬光科技 公告编号：2025-090 西安炬光科技股份有限公司 股东减持股份结果公告 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： 股东持有的基本情况 本次减持计划实施前，西安高新技术产业风险投资有限责任公司（以下简称 "西高投"）持有西安炬光科技股份有限公司（以下简称"公司"）股份 864,224 股，占公司总股本的 0.9618%。上述股份为在公司首次公开发行前取得的股份， 已于 2022 年 12 月 26 日（因 2022 年 12 月 24 日为非交易日，故顺延至下一交易 日）解除限售并上市流通。 减持计划的实施结果情况 2025 年 8 月 25 日，公司披露了《西安炬光科技股份有限公司股东减持股份 计划公告》（公告编号：2025-058），西高投拟通过集中竞价交易方式减持不超 过 127,641 股股份，即不超过公司总股本的 0.1420%。 2025 年 12 月 10 日，公司收到西高投出具的《股份减持计划实施结果告知 函》，西高投按照上述减 ...

西安炬光科技股份有限公司 关于持股 5%以上股东权益变动触及 5%刻度 的提示性公告 公司合并持股 5%以上股东西安高新技术产业风险投资有限责任公司、陕西省集成 电路产业投资基金（有限合伙）保证向本公司提供的信息真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 | 权益变动方向 | | 比例增加□ | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 5.14% | | | | 权益变动后合计比例 | 5.00% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | | 是否使公司控股股东及实际控 制人发生变化 | 是□ | 否☑ | | 证券代码：688167 证券简称：炬光科技 公告编号：2025-091 重要内容提示： 2、信息披露义务人信息 一、 信息披露义务人及其一致行动人的基本信息 1、身份类别 | | □ | 控股股东/实际控制人及其一致行动人 | | --- | --- | --- | | | ☑ | 其他 5%以上大股东及其一致行动人 | | 投资 ...

Core Viewpoint - The announcement from Juguang Technology indicates that Xi'an High-tech Industry Venture Capital Co., Ltd. has completed its share reduction plan, selling a total of 127,641 shares, which represents 0.1420% of the company's total share capital [1] Summary by Relevant Sections - **Share Reduction Details** - The share reduction occurred between September 16, 2025, and December 9, 2025, through centralized bidding transactions [1] - The price range for the shares sold was between 139.00 yuan and 164.53 yuan per share, resulting in a total reduction amount of 18.9343 million yuan [1] - **Post-Reduction Holdings** - After the reduction, Xi'an High-tech holds 736,583 shares in the company, decreasing its holding percentage to 0.8197% [1] - **Consistency with Previous Plans** - The actual reduction aligns with the previously disclosed reduction plan, confirming the company's adherence to its outlined strategy [1]

Group 1 - The core point of the article is that Juguang Technology announced a reduction in the shareholding percentage of its major shareholders, Xi'an High-tech Industry Venture Capital Co., Ltd. and Shaanxi Integrated Circuit Industry Investment Fund (Limited Partnership), from 5.14% to 5.00% [1] - From September 16 to December 9, 2025, Xi'an High-tech reduced its holdings by 127,641 shares, bringing its total shares held to 736,583, which now represents 0.82% of the company [1] - The shareholding change is part of a planned reduction and does not trigger a mandatory bid, nor does it affect the control rights of the company, as the reduction plan by Xi'an High-tech has been completed [1]