Core Viewpoint - The A-share market saw a significant rally in computing hardware stocks towards the end of trading, indicating strong investor interest and potential growth in this sector [1] Group 1: Stock Performance - Filin Kesi reached the daily limit up with a 20% increase [1] - Saiwei Electronics surged over 17% [1] - Other companies such as Zhaolong Interconnect, TeFa Information, Shenyu Co., and Dekeli also experienced notable gains [1]

Investment Rating - The report assigns an "Accumulate" investment rating for the company [2][9] Core Insights - The company's short-term profitability is under pressure, but the data communication market is experiencing rapid growth, particularly in DCI, computing centers, and data center sectors [5][6] - The company has a strong technological advantage in DCI products, which are currently in small-scale trial production, and the revenue contribution from these products is expected to increase significantly [6][7] - The company is also advancing its silicon-based OCS technology, with overseas sample orders already received, and aims to accelerate the development of next-generation OCS products [7] Financial Performance - In the first three quarters, the company achieved revenue of 652 million yuan, a year-on-year increase of 8.59%, while the net profit attributable to shareholders decreased by 47.43% to 40 million yuan [5] - Revenue projections for 2025-2027 are 1.028 billion, 1.694 billion, and 2.683 billion yuan respectively, with corresponding EPS of 0.50, 1.36, and 2.51 yuan [9][11] - The company is expected to gradually improve its profitability as market demand recovers and new production capacity is fully released [5][9] Market Trends - The demand for DCI products is driven by the mainstream trend of distributed computing clusters, which require high bandwidth, high integration, low cost, and low latency [6] - The traditional telecom transmission market is experiencing structural slowdowns, impacting profit margins, but the strong demand for AI and computing infrastructure is providing growth opportunities [5][6] Future Outlook - The company is well-positioned to leverage its technological advantages in long-distance optoelectronic devices and is expected to gradually release profits in the medium to long term [9] - The anticipated launch of the second-generation high-dimensional OCS prototype in the first half of 2026 is expected to enhance the company's product offerings [7]

证券代码：688205 证券简称：德科立 公告编号：2025-065 无锡市德科立光电子技术 第二届董事会第十八次会议决议公告 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、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 无锡市德科立光电子技术股份有限公司（以下简称"公司"）第二届董事会第十八次会议于2025年11月28 日在公司会议室召开。本次会议的通知于2025年11月25日通过书面及电话等方式送达全体董事。本次会 议应参加董事9名，实际参加董事9名，会议由董事长渠建平先生主持，本次会议的召集、召开方式符合 《公司法》等法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于公司发行S股股票并在新加坡交易所上市的议案》 为进一步提高公司综合竞争力，深入推进公司的国际化战略，同时借助国际资本市场，实现公司融资渠 道的多元化，公司拟在新加坡证券交易所有限公司（以下简称"新交所"）主板以二次上市的方式发行新 的普通股（"S股"或"股票"）并挂牌上市（以下简称"本次发行上市"）。 根据《中华人民共和 ...

Group 1 - SMIC announced the termination of the sale of its stake in SMIC Ningbo due to failure to reach an agreement within the expected timeframe, retaining a 14.832% stake post-termination, with no significant impact on financial status [2] - Chaozhuo Aerospace's actual controller will change to Hubei State-owned Assets Supervision and Administration Commission, with stock resuming trading on December 1 [2] - ST Lifan faces potential forced delisting due to false disclosures in its 2021-2023 annual reports, with a total false revenue of 592 million yuan, representing 50.91% of the reported revenue for those years [3] Group 2 - Lijun Holdings' subsidiary signed a contract worth approximately 57.6 million USD for high-pressure roller mills, accounting for 52.53% of the audited consolidated revenue for 2024, expected to positively impact future performance [3] - Sanjiang Shopping's second-largest shareholder, Alibaba Zeta, reduced its stake by 5.4768 million shares, decreasing its holding from 30% to 29% [4] - Tianfeng Securities is under investigation by the CSRC for suspected information disclosure violations and illegal financing [5] Group 3 - China Jushi's major shareholder, Zhenstone Group, plans to increase its stake by no less than 550 million yuan and no more than 1.1 billion yuan [6] - Helun Zhe's major shareholder received a notice of investigation for suspected information disclosure violations, which does not affect the company's operations [7] - Yongtai Energy's actual controller also received a notice of investigation for similar violations, with no impact on the company's operations [8] Group 4 - Wuhantian Source's major shareholder, Konka Group, plans to transfer 9.83% of its shares to China Resources Asset Management [9] - Pinggao Electric won a bid for a State Grid project worth approximately 773 million yuan [9] - Zhejiang Longsheng is collaborating with a private equity fund to establish a venture capital partnership [9]

截至发稿，德科立市值为194亿元。 2024年1至12月份，德科立的营业收入构成为：计算机和通信和其他电子设备制造业占比98.34%，其他 业务占比1.66%。 （记者 曾健辉） 每经AI快讯，德科立（SH 688205，收盘价：122.35元）11月28日晚间发布公告称，公司第二届第十八 次董事会会议于2025年11月28日在公司会议室召开。会议审议了《关于确定董事会授权人士的议案》等 文件。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 ...

证券代码：688205 证券简称：德科立 公告编号：2025-066 无锡市德科立光电子技术股份有限公司 关于聘请 S 股发行及上市审计机构的公告 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、准确性和完整性承担个别及连带责任。 重要内容提示： 拟聘任的会计师事务所名称：容诚会计师事务所（特殊普通合伙）（以下 简称"容诚会计师事务所"） 容诚会计师事务所已购买注册会计师职业责任保险，职业保险累计赔偿限额 不低于 2 亿元，职业保险购买符合相关规定。 近三年在执业中相关民事诉讼承担民事责任的情况： 无锡市德科立光电子技术股份有限公司（以下简称"公司"）于 2025 年 11 月 28 日召开第二届董事会第十八次会议，审议通过《关于公司聘请 S 股发行及 上市的审计机构的议案》，同意聘请容诚会计师事务所为公司在新加坡证券交易 所有限公司主板以二次上市的方式发行新的普通股（S 股）并挂牌上市（以下简 称"本次发行上市"）的审计机构。 一、拟聘任会计师事务所事项的情况说明 基于公司本次发行上市的需要，考虑到容诚会计师事务所在发行上市项目方 面拥有较为丰富的财务审 ...

证券代码：688205 证券简称：德科立 公告编号：2025-067 无锡市德科立光电子技术股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第三次临时股东会 召开日期时间：2025 年 12 月 15 日14 点 00 分 召开地点：无锡市德科立光电子技术股份有限公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 15 日 至2025 年 12 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 股东会召开日期：2025年12月15日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的 ...

证券代码：688205 证券简称：德科立 公告编号：2025-065 无锡市德科立光电子技术股份有限公司 第二届董事会第十八次会议决议公告 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、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 无锡市德科立光电子技术股份有限公司（以下简称"公司"）第二届董事会 第十八次会议于 2025 年 11 月 28 日在公司会议室召开。本次会议的通知于 2025 年 11 月 25 日通过书面及电话等方式送达全体董事。本次会议应参加董事 9 名， 实际参加董事 9 名，会议由董事长渠建平先生主持，本次会议的召集、召开方式 符合《公司法》等法律、行政法规、部门规章、规范性文件和《公司章程》的规 定。 二、董事会会议审议情况 （一）审议通过《关于公司发行 S 股股票并在新加坡交易所上市的议案》 为进一步提高公司综合竞争力，深入推进公司的国际化战略，同时借助国际 资本市场，实现公司融资渠道的多元化，公司拟在新加坡证券交易所有限公司（以 下简称"新交所"）主板以二次上市的方式发行新的普通股（"S 股"或"股票"） 并挂牌 ...

Core Insights - The communication equipment sector experienced a slight decline of 0.1% on November 28, with Dekoli leading the drop [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Notable gainers in the communication equipment sector included: - Tongyu Communication (002792) with a closing price of 23.78, up 9.99% on a trading volume of 73,200 shares and a transaction value of 174 million [1] - Changxin Bochuang (300548) closed at 126.30, up 7.22% with a trading volume of 498,400 shares and a transaction value of 6.203 billion [1] - Meilixin (301307) closed at 38.13, up 6.33% with a transaction value of 544 million [1] - Conversely, Dekoli (688205) saw a significant decline of 8.69%, closing at 122.35 with a trading volume of 269,400 shares [2] - Other notable decliners included: - Shida Group (600734) down 8.30% to 5.08 [2] - Wanlong Optoelectronics (300710) down 6.80% to 26.59 [2] Capital Flow - The communication equipment sector saw a net outflow of 1.862 billion from institutional investors, while retail investors contributed a net inflow of 1.938 billion [2][3] - The capital flow for specific stocks indicated: - Xinyi Sheng (300502) had a net inflow of 632.2 million from institutional investors, while retail investors had a net outflow of 328 million [3] - Changxin Bochuang (300548) experienced a net inflow of 339 million from institutional investors, with a net outflow of 165 million from retail investors [3] - Guodun Quantum (688027) had a net inflow of 67.76 million from institutional investors, while retail investors had a net outflow of 1.4514 million [3]

证券日报网讯11月27日，德科立在互动平台回答投资者提问时表示，公司在定期报告中按照相关要求对 股东户数进行披露，请关注公司后续的定期报告。 ...