1月22日，炬光科技大宗交易成交6万股，成交额1090.13万元，占当日总成交额的1.17%，成交价181.71 元，较市场收盘价194.83元折价6.73%。 | 股票基金信息 | | | | | | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | 卖出营业部 | | 026-01-22 | 炬光科技 | 688167 | 丢鳥ほ免有思想任 181.71 1090.13 | 申摘思想话委常案 | ...

证券代码：688167 证券简称：炬光科技 公告编号：2026-005 现将减持计划实施结果情况公告如下： 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，李小宁持有西安炬光科技股份有限公司（以下简称"公 司"）1,680 股，占公司总股本的 0.0019%。上述股份为股权激励归属取得的股份。 减持计划的实施结果情况 2025 年 12 月 20 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：2025-094），李小宁拟通过集中竞价交易方式减持不 超过 1,680 股，即合计不超过公司总股本的 0.0019%。 2026 年 1 月 22 日，公司收到李小宁出具的《股份减持计划实施结果告知函》， 在本次减持计划期间，李小宁通过集中竞价交易方式合计减持公司股份 1,680 股， 本次减持计划已实施完毕。 股东名称 李小宁 股东身份 控股股东、实控人及一致行动人 √是 □否 直接持股 ...

Investment Rating - The report rates the robot lidar industry with a strong growth outlook, projecting a compound annual growth rate (CAGR) of 29.19% from 2020 to 2024 and 15.87% from 2025 to 2030, indicating robust market potential [4][57]. Core Insights - The robot lidar industry is characterized by technological intensity, cost reduction, and a shift from automotive dominance to a balanced market between automotive and robotics applications. The market size is expected to grow from 62.23 billion RMB in 2020 to 173.31 billion RMB in 2024, driven by the explosion of the robotics industry and domestic substitution [4][57]. - The industry is undergoing a cost revolution, with high-end product prices dropping from $5,000 in 2021 to 2,000-3,000 RMB by 2025, influenced by chip design, scale effects, and accelerated localization of the supply chain [20][61]. - The application scenarios for lidar are diversifying, with significant growth in both automotive and robotics sectors, particularly in service robots and autonomous vehicles [21][59]. Summary by Sections Industry Definition - Robot lidar serves as the core sensor for providing three-dimensional vision to robots, essential for high-precision, all-weather perception. The technology has evolved through mechanical rotation, semi-solid, and solid-state designs to enhance reliability and reduce costs [5]. Industry Characteristics - The robot lidar industry is a high-tech, research-driven sector with significant cost reductions reshaping market dynamics. The application scenarios are becoming increasingly diverse, with rapid growth in the robotics market [18]. Development History - The industry has evolved through three phases: initial experimentation (1960s-2000), industrialization and rapid growth (2001-2015), and large-scale application and maturity (2016-present) [23]. Industry Chain Analysis - The industry chain consists of upstream core components, midstream manufacturing and integration, and downstream application scenarios. The domestic substitution is progressing rapidly, with significant improvements in localization across all segments of the supply chain [28][29]. Market Size - The market size for robot lidar is projected to grow from 193.68 billion RMB in 2025 to 404.52 billion RMB by 2030, with a CAGR of 15.87%. The growth is attributed to the rapid expansion of the robotics industry and increasing penetration rates of lidar in various applications [57][61]. Competitive Landscape - The competitive landscape is characterized by a tiered structure, with leading companies like Hesai Technology and RoboSense dominating the market. The market concentration is expected to increase, with top firms capturing a significant share of the emerging robotics lidar market [75][80].

Group 1 - The article discusses the recent policy measures issued by Guangdong province aimed at promoting high-quality development in transportation through artificial intelligence [4][5] - The policy encourages enterprises to focus on core technology breakthroughs and innovation in areas such as end-to-end remote driving, intelligent decision-making, and precise prediction and control [4][5] - The initiative aims to create high-quality data sets, toolchains, and algorithm libraries to facilitate the application of large models in autonomous driving [4][5] Group 2 - The article lists various companies involved in the development of key technologies related to autonomous driving, including 威帝股份, 凯众股份, and 大华股份 [6] - It highlights the importance of advanced systems such as steer-by-wire systems, vehicle-mounted cameras, and heads-up displays (HUD) in the context of intelligent driving [6]

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The report emphasizes the acceleration of the CPO (Co-Packaged Optics) industry driven by the silicon photonics trend, highlighting the increasing demand for CPO, optical modules, and liquid cooling solutions [4][5] - NVIDIA's recent product launches, including the Vera Rubin AI supercomputer, are expected to boost the demand for CPO and related technologies [4][5] - The report identifies key investment opportunities in the silicon photonics and CPO supply chain, recommending specific companies as potential beneficiaries [7] Summary by Sections Industry Overview - The report indicates a clear trend towards silicon photonics and CPO development, with significant implications for various sectors [6] Key Technologies and Products - The Vera Rubin NVL72 cabinet features advanced specifications, including 20 trillion transistors and enhanced memory capacities, which are expected to drive demand for related technologies [4] - The NVIDIA Spectrum-X Ethernet CPO supports significant bandwidth expansion, facilitating cluster scaling [5] Investment Opportunities - The report highlights four key focus areas in silicon photonics: silicon photonic engines, CW light sources, optical interconnects, and passive components, recommending specific companies for investment [6][7] - Recommended companies include: - "Four Key Focus" companies: Zhongji Xuchuang, Xinyi Sheng, Yuanjie Technology, and Tianfu Communication - "Three Small Dragons" in silicon photonics equipment and optical interconnects: Robotek, Zhishang Technology, and Juguang Technology [7]

Core Viewpoint - The CPO concept stocks in the A-share market have shown strong performance, with several companies experiencing significant price increases [1] Group 1: Stock Performance - Robotech and Lantech both surged over 14% [1] - Huada Technology, Woge Optoelectronics, Tongfu Microelectronics, and Kechuan Technology reached the 10% daily limit up [1] - Benkawa Intelligent increased by over 8% [1] - Changdian Technology, Huamao Technology, and Hengtong Optoelectronics rose over 6% [1] - Tiantong Co., Shuguang Digital Creation, Cambridge Technology, Juguang Technology, and Taicheng Technology all gained over 5% [1]

1月21日，炬光科技涨5.07%，截至发稿，报199.69元/股，成交4.90亿元，换手率2.81%，总市值179.44 亿元。 截至发稿，余展昌累计任职时间3年100天，现任基金资产总规模134.34亿元，任职期间最佳基金回报 62.57%， 任职期间最差基金回报-9.65%。 资料显示，西安炬光科技股份有限公司位于陕西省西安市高新区丈八六路56号，成立日期2007年9月21 日，上市日期2021年12月24日，公司主营业务涉及从事激光行业上游的高功率半导体激光元器件(产生 光子)、激光光学元器件(调控光子)的研发、生产和销售。主营业务收入构成为：激光光学产品 48.73%，半导体激光产品18.92%，汽车应用解决方案产品12.62%，泛半导体制程解决方案产品8.97%， 全球光子工艺和制造业务6.23%，研发服务及加工服务3.76%，其他0.77%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从基金十大重仓股角度 责任编辑：小浪快报 数据显示，鹏华基金旗下1只基 ...

炬光科技公告称，2026年1月起，西安宏盾新材料科技有限公司及其子公司不再是公司关联方。预计 2026年1-3月，公司与西安宏盾及其子公司日常关联交易合计400.59万元，无需提交股东会审议。交易 主要为购买原材料和委托加工服务等，定价公允合理。2025年实际发生交易1935.50万元，未超出原预 计的2885万元。西安宏盾及其子公司经营正常，具备履约能力，此次关联交易符合公司经营需要，不会 损害股东权益。 ...

公司与西安宏盾及其子公司的日常关联交易均为公司正常生产经营业务 范畴，定价公允、结算时间与方式合理，交易风险可控，不存在损害公司及股东 利益的情况。本次日常关联交易不会影响公司的独立性，公司主要业务不会因此 形成对关联方的依赖。 证券代码：688167 证券简称：炬光科技 公告编号：2026-004 西安炬光科技股份有限公司 关于 2026 年 1-3 月日常关联交易预计的公告 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： 西安宏盾新材料科技有限公司及其子公司（以下简称"西安宏盾及其子公 司"或"关联人"）于 2026 年 4 月起将不再是西安炬光科技股份有限公司（以下简 称"公司"）的关联方，预计 2026 年 1 至 3 月与公司发生的日常关联交易合计总 额为 400.59 万元，无需提交股东会审议。 2、公司 2026 年 1-3 月日常关联交易预计情况可能与实际情况存在差异，公司可根据实 际交易情况，在同一控制下的不同关联方之间进行额度调剂（包括不同关联交易类型间的调 剂），总额不超过预计金额。 ...

Market Overview - The Shanghai Composite Index closed at 4105.16 points, below the five-day moving average, with a decline of 0.21% [1] - The total trading volume of A-shares reached 230.22 billion yuan [1] Stocks Performance - A total of 339 A-shares have prices that broke through the five-day moving average today [1] - The stocks with the largest deviation rates include: - Meibang Technology (21.58%) - Jiayun Technology (10.57%) - Dongtong Retreat (8.25%) [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - China Merchants Bank - Balanshi - Aike Co., Ltd. [1] Top Stocks by Deviation Rate - The top stocks with significant price increases and their respective deviation rates are: - Meibang Technology: 29.94% increase, 25.39% turnover rate, latest price 17.49 yuan [1] - Jiayun Technology: 19.92% increase, 18.95% turnover rate, latest price 6.38 yuan [1] - Dongtong Retreat: 9.78% increase, 9.36% turnover rate, latest price 2.02 yuan [1] - Other notable stocks include: - Hongmian Co., Ltd.: 10.13% increase, latest price 4.24 yuan, deviation rate 8.16% [1] - Shanghai Jiubai: 10.01% increase, latest price 14.07 yuan, deviation rate 8.11% [1]