证券代码：688195 证券简称：腾景科技 公告编号：2026-009 腾景科技股份有限公司 关于对外投资设立全资子公司的进展公告 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。 一、对外投资概述 腾景科技股份有限公司（以下简称"公司"）基于整体发展规划的考虑，为 进一步完善产能布局，于 2026 年 3 月 9 日召开第三届董事会第三次会议，审议 通过了《关于设立郑州子公司的议案》，同意公司以自有资金出资人民币 3,500 万元在郑州成立全资子公司，建设光电子元器件制造基地，充分依托郑州在人力 资源供给、用工成本、区位交通等方面的优势，提升光通信无源光学元器件的订 单交付能力，解决公司产能瓶颈，匹配高速光模块、OCS、CPO 等多元光互联形 态的产品需求，满足 AI 算力高速发展对光通信无源光学元器件不断增长的市场 需求。 公司名称：腾景光通讯技术（郑州）有限公司 统一社会信用代码：91410100MAK926AJ8N 公司类型：有限责任公司（非自然人投资或控股的法人独资） 法定代表人：韦群 注册资本：叁仟伍佰万圆整 成 ...

证券代码：688195 证券简称：腾景科技 公告编号：2026-008 腾景科技股份有限公司 关于自愿披露对外投资设立全资子公司的公告 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： 投资标的：腾景科技股份有限公司（以下简称"公司"或"腾景科技"） 拟出资人民币 3,500 万元设立全资子公司腾景光通讯技术（郑州）有限公司（暂 定名，子公司名称以市场监督管理部门最终核准为准）（以下简称"新公司""全 资子公司"或"郑州子公司"），并由拟设立的郑州子公司负责实施"光电子元 器件制造基地项目"。 本次对外投资事项不涉及关联交易，也不构成《上市公司重大资产重组 管理办法》规定的重大资产重组。 本次投资助力公司把握光通信行业快速发展的战略机遇，有效提升无源 光学元器件订单交付能力，匹配高速光模块、OCS、CPO 等多元光互联形态的产 品需求，符合公司整体发展战略和全体股东的根本利益。 公司专业从事各类精密光学元组件、光纤器件、光测试仪器研发、生产和销 1 / 4 售，公司的产品主要应用于光通信、光纤激光等领域，部分 ...

Investment Rating - The report maintains a "Positive" investment rating for the quantum computing industry [5]. Core Insights - Quantum computing has made significant breakthroughs, particularly in error correction, bringing it closer to fault-tolerant quantum computing and accelerating commercialization [3]. - Government policies supporting quantum computing as a new productive force are expected to create a larger market space and unlock performance potential [3]. - Investors are advised to focus on upstream core equipment and components, midstream integrated platforms, and downstream application security sectors [3]. Summary by Sections 1. Classic Computing Performance Bottlenecks - The performance of classical computing is showing signs of stagnation, with quantum computing emerging as a new paradigm for accelerated computation [9][14]. - Quantum computing leverages quantum superposition and entanglement to process information in parallel, significantly reducing computational complexity for specific problems [8][14]. 2. Mainstream Quantum Computing Technology Paths - Multiple quantum computing technologies are being developed, including superconducting, ion trap, neutral atom, and photonic quantum computing, each with its own advantages and challenges [8][41]. - The progress in quantum computing has accelerated, with significant advancements in quantum superiority and error correction capabilities [8][41]. 3. National Policies Focused on Quantum Technology - Major countries are formulating quantum technology strategies and investing heavily, with the U.S. and China leading in government support and funding [8][9]. - Policies are accelerating industry development through planning, financial investment, and export controls [9]. 4. Accelerating Development of the Quantum Computing Industry - The quantum computing industry is in its early commercialization stage, primarily focusing on research-grade systems and key components, with revenue largely driven by government and research institution demand [8][9]. - Key players in the industry include IBM, Google, and domestic companies like GuoShun Quantum and Benyuan Quantum, which are making significant progress in core technology development [8][9]. 5. Overview of Domestic Quantum Computing Companies - Notable companies include GuoShun Quantum, a national leader in quantum technology, and Turing Quantum, a leader in photonic quantum computing [8][9].

Summary of Key Points from Conference Call Industry Overview - The strongest sector in the market is the oil and gas industry, with multiple companies showing significant performance [1] - Key players in the oil and gas sector include: - Water Development Oil and Gas (3 boards) - Intercontinental Oil and Gas (2 boards) - Zhun Oil Co. (2 boards) - Sinopec Oilfield Services (2 boards) - China National Petroleum Corporation (2 boards) [1][1][1] Sector Analysis - **Oil and Gas**: - Major companies include Tongyuan Petroleum, Intercontinental Oil and Gas, Water Development Gas, Zhongman Petroleum, Zhun Oil Co., Sinopec Oilfield Services, Beiken Energy, Blue Flame Holdings, and China National Petroleum [1] - **Shipping**: - Key players are COSCO Shipping Energy Transportation, China Merchants Jinling Shipyard, Ningbo Shipping, China Merchants Industry, and Nanjing Port [1] - **Photovoltaic Energy Storage**: - Notable companies include Airo Energy, Deyue Co., Shouhang New Energy, GCL-Poly Energy, Oujing Technology, Goodwe, and Guosheng Technology [1] - **Optical Communication**: - Companies mentioned include Huasheng Chang, Huilv Ecology, Tongding Interconnection, Jufei Optoelectronics, Robotech, Tengjing Technology, Huagong Technology, and Yuanjie Technology [2] - **Coal Chemical**: - Key players are Jinniu Chemical, Luohua Technology, Chitianhua, Baofeng Energy, China Coal Energy, and Lutianhua [2] - **Gold**: - Companies include Xiaocheng Technology, Western Gold, and Mankalon [2] - **Agriculture**: - Notable companies are Yasheng Group, Qiule Seed Industry, Kangnong Seed Industry, Shennong Seed Industry, and Quanyin High-Tech [2] - **Electric Power**: - Specific companies were not detailed in the provided content [2] Additional Insights - The market shows a diverse range of sectors with significant activity, particularly in oil and gas, which is currently the strongest sector [1] - The presence of multiple companies across various sectors indicates a robust market environment with potential investment opportunities [1][2]

Core Viewpoint - Tengjing Technology (688195.SH) reported a significant increase in revenue and net profit for the fiscal year 2025, driven by advancements in optical technology and strong demand in various sectors [1] Financial Performance - The company achieved total operating revenue of 585.54 million yuan [1] - Net profit attributable to shareholders reached 70.59 million yuan, while the net profit excluding non-recurring gains and losses was 67.25 million yuan [1] Business Segments - In the optical communication sector, the company benefited from explosive growth in AI computing power demand, leading to increased production scale of high-speed optical modules and OCS optical switches [1] - In the semiconductor equipment sector, the company focused on overcoming key processes in high-precision optical module production and testing, resulting in a significant increase in order delivery volume [1] - In the industrial laser sector, the company experienced steady growth in high laser damage threshold components, supported by a recovery in downstream industry demand [1]

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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 证券代码：688195 证券简称：腾景科技 公告编号：2026-006 腾景科技股份有限公司 2026年第一次临时股东会决议公告 （一） 股东会召开的时间：2026 年 2 月 27 日 （二） 股东会召开的地点：福州市马尾区珍珠路 2 号 11 楼公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 183 | | --- | --- | | 普通股股东人数 | 183 | | 2、出席会议的股东所持有的表决权数量 | 54,943,750 | | 普通股股东所持有表决权数量 | 54,943,750 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 42.4768 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 42.4768 | （四） 表决方式是 ...

福建天衡联合(福州)律师事务所 福建天衡联合律师事务所 Tenet & Partners 中国福州振武路 70 号福晟钱隆广场 43 层 福州 · 厦门 · 泉州 · 龙岩 · 上海 Http://www.tenetlaw.com 天衡联合律师事务所 Tenet & Partners 中国福州振武路 70 号福晟钱隆广场 43 层 Tel (86) 591-83810300 Fax (86) 591-83810301 福州 · 厦门 · 泉州 · 龙岩 · 上海 关于腾景科技股份有限公司 2026 年第一次临时股东会的 法律意见书 福建天衡联合(福州)律师事务所 关于腾景科技股份有限公司 2026年第一次临时股东会的 法律意见书 〔2024〕 天衡福顾宇第 0072-04 号 致:腾景科技股份有限公司 引 言 福建天衡联合(福州)律师事务所接受腾景科技股份有限公司(以下简称"公 司"）的委托,指派本所律师参加公司 2026年第一次临时股东会(以下简称"本 次会议"）,并根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司股东会规则》《上海证券交易所科创板股票上市规则》《上海证券交易所科创 板上市公 ...

Financial Performance - Total revenue for 2025 reached RMB 58,554.31 million, representing a year-on-year increase of 31.54% from RMB 44,514.07 million[4] - Net profit attributable to shareholders of the parent company was RMB 7,059.40 million, a slight increase of 1.77% compared to RMB 6,936.82 million in the previous year[4] - The basic earnings per share for the reporting period was RMB 0.55, reflecting a 1.85% increase from RMB 0.54[4] - The weighted average return on net assets decreased slightly to 7.46%, down 0.07 percentage points from 7.53%[4] - The equity attributable to shareholders of the parent company increased to RMB 98,800.39 million, a growth of 7.23% from RMB 92,135.74 million[4] Assets and Investments - The company's total assets at the end of the reporting period were RMB 151,760.45 million, up 16.81% from RMB 129,920.60 million at the beginning of the period[4] Research and Development - Research and development expenses increased by approximately 47% to RMB 6,952 million, focusing on AI computing power and AR near-eye display technologies[7] Strategic Plans - The company plans to enhance its core competitiveness in 2026 by expanding its precision optical components business in high-speed optical modules and OCS[7] - The company has implemented a 2025 employee stock ownership plan with an additional share payment amount of approximately RMB 845 million to strengthen team cohesion and creativity[7] Market Growth - The company achieved significant growth in the optical communication sector, driven by the explosive demand for AI computing power and increased production of high-speed optical modules[6]

Core Viewpoint - Tengjing Technology (688195.SH) reported a total operating revenue of 586 million yuan for 2025, reflecting a year-on-year growth of 31.54%, while the net profit attributable to the parent company was 70.594 million yuan, showing a modest increase of 1.77% [1] Group 1: Financial Performance - The total operating revenue for 2025 reached 586 million yuan, marking a year-on-year increase of 31.54% [1] - The net profit attributable to the parent company was 70.594 million yuan, which represents a year-on-year growth of 1.77% [1] Group 2: Business Segments - In the optical communication sector, the company benefited from a surge in AI computing demand, leading to increased production scale of passive optical components and large-size pure vanadium acid yttrium crystal products [1] - The North American subsidiary's optical testing instrument business also achieved steady growth [1] - In the emerging applications sector, particularly in semiconductor equipment, the company focused on overcoming key processes in high-precision optical module production and testing, resulting in a significant increase in order delivery volume for the year [1] - In the industrial laser field, the company saw steady growth in high laser damage threshold component business, supported by a recovery in downstream industry demand [1]

Core Viewpoint - The article discusses the current funding logic in the market, highlighting the significant movements of public funds in the technology sector, particularly in the semiconductor and biopharmaceutical industries, as they adjust their portfolios based on performance and valuation metrics [3][8]. Group 1: Public Fund Movements - Public funds have shown a notable shift in their holdings, particularly in the STAR Market, with the STAR 50 Index rising by 12.1% this year [3][4]. - The total market capitalization of STAR Market companies reached 10.4 trillion yuan, with the technology sector dominating, accounting for 62.1% of the total market cap [5][6]. - The semiconductor industry remains the core focus for fund allocation, with 12 companies in the sector having a market capitalization exceeding 10 billion yuan [9][11]. Group 2: Semiconductor Sector Insights - The market's pricing anchor for the semiconductor sector has shifted from "valuation expansion" to "performance realization," emphasizing the importance of actual earnings [13][14]. - Key drivers for future growth in the semiconductor sector include strong order backlogs, profit growth through acquisitions and expansions, and sustained price increases in advanced processes [13][14]. - Public funds have significantly increased their holdings in semiconductor materials, chip design, and equipment, with companies like ShenGong Co. seeing an 11% increase in fund holdings [15][21]. Group 3: Biopharmaceutical Sector Insights - The biopharmaceutical sector is a critical area for public funds, with major holdings in companies like BeiGene and United Imaging Healthcare, although the sector has faced a reduction in holdings for several key companies [24][26]. - The article notes that innovative drug companies are currently under pressure, with significant reductions in holdings observed in companies like BaiLi TianHeng and RongChang Biopharma [26][28]. - Despite the challenges, companies with strong earnings potential and innovative drug pipelines are still attracting interest from public funds, indicating a selective investment approach [35][40].