每经AI快讯，炬光科技（SH 688167，收盘价：175.97元）9月17日晚间发布公告称，2025年9月17日， 公司收到宁波宁炬、宁波新炬、宁波吉辰分别出具的《股份减持计划实施结果告知函》，上述股东减持 比例分别为0.6494%、0.6096%、0.6090%，宁波宁炬、宁波新炬、宁波吉辰按照上述减持计划已实施完 毕。 （记者 王晓波） 截至发稿，炬光科技市值为158亿元。 每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 2024年1至12月份，炬光科技的营业收入构成为：计算机和通信和其他电子设备制造业占比99.59%，其 他业务占比0.41%。 ...

证券代码：688167 证券简称：炬光科技 公告编号：2025-070 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，宁波宁炬创业投资合伙企业（有限合伙）（以下简称"宁 波宁炬"，曾用名：西安宁炬投资有限合伙企业）持有公司股份 1,762,852 股，占 公司总股本的 1.9618%；宁波新炬创业投资合伙企业（有限合伙）（以下简称"宁 波新炬"，曾用名：西安新炬投资有限合伙企业）持有公司股份 731,139 股，占 公司总股本的 0.8136%；宁波吉辰创业投资合伙企业（有限合伙）（以下简称"宁 波吉辰"，曾用名：西安吉辰企业管理咨询合伙企业（有限合伙））持有公司股份 719,000 股，占公司总股本的 0.8001%。上述股份为在公司首次公开发行前取得 的股份，已于 2024 年 12 月 24 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 9 日，公司披露了《西安炬光科技股份有限 ...

西安炬光科技股份有限公司 2025 年第四次临时股东大会会议资料 证券代码：688167 证券简称：炬光科技 西安炬光科技股份有限公司 2025 年第四次临时股东大会会议资料 | 2025 年第四次临时股东大会会议须知 1 | | --- | | 2025 年第四次临时股东大会会议议程 3 | | 2025 年第四次临时股东大会会议议案 5 | | 议案一：《关于<西安炬光科技股份有限公司 2025 年限制性股票激励计划（草案）> | | 及其摘要的议案》 5 | | 议案二：《关于<西安炬光科技股份有限公司 2025 年限制性股票激励计划实施考 | | 核管理办法>的议案》 6 | | 议案三：《关于提请股东大会授权董事会办理西安炬光科技股份有限公司 2025 | | 年限制性股票激励计划有关事项的议案》 7 | | 议案四：《关于激励对象累计获授公司股份数量超过股本总额 1%的议案》 9 | | 《关于激励对象 C***Z***先生累计获授公司股份数量超过股本总额 1%的 4.01 | | 议案》 9 | | 《关于激励对象刘兴胜先生累计获授公司股份数量超过股本总额 1%的议案》 4.02 | | 10 ...

9月17日，炬光科技大宗交易成交36.09万股，成交额5014.38万元，占当日总成交额的2.68%，成交均价 138.94元，较市场收盘价175.97元折价21.04%，其中最高成交价172.45元，最低成交价136元。 | 交易日期 | 证券間核 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 类出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-09-17 | 矩光科技 | 688167 | 172.45 | 500.11 | 2.9 | 粗泰证券有限责任 公司西安友谊西路 | 中信建投证券股份 有限公司西安科技 | Ka | | | | | | | | 还有留业部 | 路证券营业部 | | | 2025-09-17 | 矩光科技 | 688167 | 136 | 1549 | 11.39 | 机构专用 | 中信建投证券股份 | を | | | | | | | | | 有限公司西安市南 大街证券营业部 | | | 2025-09-17 | 炬光科技 | 68 ...

Investment Rating - The report recommends a focus on companies involved in OCS systems, particularly those producing OCS machines and core components, with specific recommendations for 中际旭创, 光库科技, and 腾景科技 [3][34][35]. Core Insights - The OCS (Optical Circuit Switches) technology is highlighted as a key advancement in the optical networking industry, providing high bandwidth, low power consumption, and low latency, which are essential for modern data centers [11][14][34]. - The report emphasizes the increasing participation of major industry players in the OCS market, indicating a clearer development path for OCS technology and a potential acceleration in the performance realization of companies within the OCS supply chain [3][34]. Summary by Sections OCS Solutions at the Expo - The 26th China International Optoelectronic Exposition showcased various OCS solutions, with significant participation from over 3,800 exhibitors from more than 30 countries [10]. - Coherent presented two digital liquid crystal OCS solutions, featuring a 300-port and a 64-port model, both designed for high reliability and low power consumption [19][20]. - 光库科技 demonstrated a MEMS OCS solution capable of supporting 640 or 320 LC ports, already deployed in over 750,000 fiber optic connectors globally [25][26]. - 凌云光 and Polatis are leading the promotion of direct beam steering OCS technology, utilizing piezoelectric ceramics for precise light routing [27][31]. Investment Recommendations - The report suggests focusing on companies involved in OCS machines, such as 中际旭创, 德科立, 光库科技, and 凌云光, as well as core component manufacturers like 腾景科技 and 赛微电子 [3][34][35]. - The ongoing acceleration in global computing infrastructure and interconnect bandwidth is expected to enhance the performance realization of companies in the OCS supply chain [34]. Company Profit Forecasts and Valuation - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for key companies, with 中际旭创 projected to have an EPS of 8.58 in 2025 and a PE of 48, while 光库科技 is expected to have an EPS of 0.43 and a PE of 237 [4][35].

| 交易日期 | 证券商隊 | 蓬券代码: | 成交价(元) 成交金额[万元) 成交量(*) 买入营业部 | | | 美出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 025-09-16 | 矩光科技 | 688167 | 161.7 2.48 | 401.02 | 银泰证券有限责任 | 中信建投证券股份 | 180 | | | | | | | 公司西安友谊西路 | 有限公司西安科技 | | | | | | | | UN MI BE II LAN FOR ST | SALES AND BEAULY COLLECT CONTRACT | | 9月16日，炬光科技大宗交易成交2.48万股，成交额401.02万元，占当日总成交额的0.28%，成交价161.7 元，较市场收盘价165元折价2%。 ...

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Juguang Technology, indicating a significant increase in financing activities and a high level of margin trading [1][2]. - On September 15, Juguang Technology's stock rose by 1.58%, with a trading volume of 1.51 billion yuan. The financing buy-in amount for the day was 240 million yuan, while the financing repayment was 202 million yuan, resulting in a net financing buy of 37.76 million yuan [1]. - As of September 15, the total margin trading balance for Juguang Technology was 688 million yuan, with the financing balance accounting for 4.76% of the circulating market value, indicating a high level compared to the past year [1]. Group 2 - Juguang Technology, established on September 21, 2007, specializes in the research, production, and sales of high-power semiconductor laser components and optical components, with a revenue composition of 48.73% from optical products and 18.92% from semiconductor laser products [2]. - For the first half of 2025, Juguang Technology reported a revenue of 393 million yuan, reflecting a year-on-year growth of 26.20%, while the net profit attributable to shareholders was -24.94 million yuan, showing an increase of 11.30% compared to the previous period [2]. - The company has distributed a total of 65.87 million yuan in dividends since its A-share listing, indicating a commitment to returning value to shareholders [3].

Group 1 - On September 15, Juguang Technology executed a block trade of 25,400 shares, with a transaction amount of 3.9952 million yuan, accounting for 0.26% of the total transaction volume for the day [1] - The transaction price was 157.29 yuan, which represents a 2% discount compared to the market closing price of 160.5 yuan [1]

Core Viewpoint - Juguang Technology (688167.SH) announced a significant change in shareholding, with its controlling shareholder Liu Xingsheng and his concerted actors reducing their stake, which now stands at 15.73% from 16.70% [1][2]. Shareholding Changes - The reduction involved a total of 868,821 shares sold between September 4 and September 12, 2025, with a total transaction value of approximately 115 million yuan [1][2]. - The weighted average price of Juguang Technology's shares during this period was 132.125 yuan [1]. - The specific shareholders involved in the reduction include Song Tao, Yan Suibin, Li Xiaoning, Tian Ye, and several investment partnerships, with varying amounts of shares sold [2]. Company Background - Juguang Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 24, 2021, with an initial public offering of 22.49 million shares at a price of 78.69 yuan per share [4]. - The company raised a total of 1.77 billion yuan, with net proceeds of 1.63 billion yuan, exceeding the originally planned fundraising amount [4]. - The funds raised are intended for various projects, including the micro-optics application project and the industrialization of laser radar modules [4]. Shareholding Structure - Liu Xingsheng, as the controlling shareholder, holds a total of 17.36% of the voting rights through direct holdings and agreements with concerted actors [3]. - Other concerted actors hold minor stakes, with the largest being 1.95% [3].

Group 1 - The US and China held talks in Madrid on September 14 regarding trade issues, including unilateral tariffs and export controls [1] - The Chinese government is encouraging private investment in new productivity, emerging services, and new infrastructure [2] - The US Department of Commerce added several Chinese entities to its export control "entity list," which China strongly opposes [3] - China initiated anti-dumping investigations on imported simulation chips from the US and launched a discrimination investigation regarding US measures in the integrated circuit sector [4] Group 2 - The People's Bank of China reported that the social financing scale increased by 26.56 trillion yuan in the first eight months of 2025, up 4.66 trillion yuan year-on-year [5] - The National Bureau of Statistics is set to release key economic data, including industrial added value and fixed asset investment [6] - The Ministry of Finance announced early issuance of local government debt limits to address hidden debt [7] Group 3 - The Ministry of Industry and Information Technology released a plan for the automotive industry aiming for approximately 32.3 million vehicle sales in 2025, a 3% increase [8] - The National Internet Information Office is drafting regulations to promote the use of electronic documents and digital currency in cross-border payments [9] - The National Health Commission's draft for national standards on pre-prepared food safety has passed expert review [10] Group 4 - The China Securities Regulatory Commission is investigating *ST Dongtong for serious financial fraud, proposing fines totaling 2.29 billion yuan [11] - Dongcai Technology announced that its high-speed electronic resin has been supplied to major server systems including Nvidia and Huawei [12] - Tuojing Technology plans to raise up to 4.6 billion yuan for high-end semiconductor equipment projects [13] - GoerTek announced plans to acquire 100% of Shanghai Aolai through a capital increase of 530 million yuan [14] - TCL Technology intends to invest approximately 29.5 billion yuan in an 8.6-generation printed OLED production line [15] Group 5 - The US stock market showed mixed results, with the Dow Jones down 0.59% and the Nasdaq up 0.44%, driven by large tech stocks [20] - Nvidia is reportedly scaling back its cloud computing efforts, particularly its DGX Cloud service [21] - Economists predict that the Federal Reserve may implement two to three interest rate cuts by the end of the year [22]