Group 1 - The consumer electronics sector increased by 0.35% on December 30, with Yidong Electronics leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - Notable gainers in the consumer electronics sector included Yidong Electronics, which rose by 11.17% to a closing price of 79.50, and Shuo Beid, which increased by 10.71% to 27.29 [1] Group 2 - The consumer electronics sector experienced a net inflow of 1.459 billion yuan from institutional investors, while retail investors saw a net outflow of 272 million yuan [2] - The trading volume for Yidong Electronics was 341,900 shares, contributing to a transaction value of 2.642 billion yuan [1] - The top three stocks by transaction value included Shuo Beid at 3.574 billion yuan, Changying Precision at 7.940 billion yuan, and Yidong Electronics at 2.642 billion yuan [1]

Core Insights - The company, Tonglian Precision, has diversified manufacturing capabilities beyond MIM technology, including CNC machining, laser processing, wire cutting, die casting, stamping, precision injection molding, semi-solid die casting, and 3D printing [2] Group 1 - The company specializes in the research, design, production, and sales of high-precision, high-density, complex-shaped, and aesthetically pleasing precision components [2] - The company aims to continuously expand its diverse precision component manufacturing capabilities, focusing on the application of new materials to meet the industry's demand for lightweight materials and complex structural parts [2] - The core advantage of the company lies in its ability to quickly match customized customer needs and provide differentiated technical solutions [2] Group 2 - The company leverages its multi-process collaboration capabilities to penetrate more high-value-added product lines and enhance the market share of existing product lines [2] - This strategy has been a key driver for the rapid growth of the company's non-MIM business in recent years [2]

Core Viewpoint - The company is actively engaging in the research of 3D printing manufacturing processes and is evaluating various mainstream 3D printing equipment based on performance, technical compatibility, and cost-effectiveness [1] Group 1: Equipment Procurement - The company has previously procured 3D printing equipment primarily for research purposes [1] - The selection process for equipment involves comprehensive consideration of performance parameters and technical solutions [1] Group 2: Material Application - Currently, the company's 3D printing materials are mainly metal-based [1] - The company is simultaneously advancing research and business development for non-metal materials, with plans for gradual industrialization based on market demand [1]

Group 1 - The core viewpoint of the article is that Tonglian Precision has strategically positioned itself in the MIM precision components industry by preparing for opportunities in the foldable smartphone market through technology reserves and business layout [1] - The foldable smartphone-related business is currently a significant growth market within the MIM industry, and the company is optimistic about its prospects [1] - The company has accumulated mass production experience in components such as foldable screen hinges and axle covers, indicating readiness to capitalize on market opportunities [1] Group 2 - The company maintains ongoing communication and engagement with both domestic and international leading brand clients to actively pursue related business opportunities [1]

Core Viewpoint - Tonglian Precision experienced a stock price increase of 7.24% on December 23, with a trading volume of 341 million yuan, indicating positive market sentiment towards the company [1]. Financing Summary - On December 23, Tonglian Precision had a financing buy-in amount of 26.01 million yuan and a financing repayment of 61.85 million yuan, resulting in a net financing outflow of 35.84 million yuan [1]. - The total financing and securities balance for Tonglian Precision reached 327 million yuan, accounting for 3.95% of its market capitalization, which is above the 70th percentile of the past year [1]. - The company had no short selling activity on December 23, with a short selling balance of 0 shares, indicating a lack of bearish sentiment [1]. Company Performance - As of September 30, the number of shareholders for Tonglian Precision was 4,670, a decrease of 20.08% from the previous period, while the average circulating shares per person increased by 26.02% to 34,560 shares [2]. - For the period from January to September 2025, Tonglian Precision reported a revenue of 642 million yuan, reflecting a year-on-year growth of 8.38%, while the net profit attributable to shareholders was 5.76 million yuan, a significant decrease of 88.94% year-on-year [2]. Dividend and Shareholding Information - Since its A-share listing, Tonglian Precision has distributed a total of 147 million yuan in dividends, with 131 million yuan distributed over the past three years [3]. - As of September 30, 2025, notable institutional shareholders include Huaxia Industry Prosperity Mixed A, which is the fifth largest shareholder with 4.515 million shares, and several new institutional investors have entered the top ten shareholders list [3].

Group 1 - The Shanghai Composite Index closed at 3919.67 points, above the five-day moving average, with a slight increase of 0.06% [1] - The total trading volume of A-shares reached 156.62 billion yuan [1] - A total of 143 A-shares have surpassed the five-day moving average, with notable stocks including Suzhou Tianmai, Guofeng New Materials, and Fuxin Technology, showing significant deviation rates of 12.16%, 8.29%, and 8.28% respectively [1] Group 2 - The top stocks with the highest deviation rates from the five-day moving average include: - Suzhou Tianmai (16.63% increase, 12.16% deviation) - Guofeng New Materials (10.00% increase, 8.29% deviation) - Fuxin Technology (11.27% increase, 8.28% deviation) [1] - Other notable stocks with significant increases and their respective deviation rates include: - Xunxing Co., Ltd. (9.97% increase, 7.56% deviation) - Huasheng Lithium (11.73% increase, 7.47% deviation) - Penghui Energy (8.51% increase, 5.93% deviation) [1]

Group 1 - The core viewpoint of the news is that Tonglian Precision has seen a stock price increase of 5.11%, reaching 50.22 yuan per share, with a total market capitalization of 8.129 billion yuan [1] - Tonglian Precision, established on June 12, 2016, and listed on December 27, 2021, specializes in the research, design, production, and sales of high-precision, high-density, and complex-shaped precision components [1] - The company's main business revenue composition includes 66.47% from other metal craft products and plastic products, 30.78% from MIM products, 1.43% from molds and equipment, and 1.32% from other sources [1] Group 2 - According to data, one fund under the Fuguo Fund has a significant holding in Tonglian Precision, specifically the Fuguo SSE Index ETF Link A/B (100053), which held 404 shares as of the third quarter, ranking as the eighth largest holding [2] - The Fuguo SSE Index ETF Link A/B (100053) was established on January 30, 2011, with a current scale of 280 million yuan, and has achieved a year-to-date return of 18.57% [2] - The fund's performance ranks 2840 out of 4197 in its category for the year, with a one-year return of 18.42%, ranking 2741 out of 4154 [2]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management in 2026, aiming to enhance the efficiency of fund usage and increase returns for the company and its shareholders [3][14]. Investment Overview - The purpose of the investment is to improve the efficiency of temporarily idle raised funds while ensuring that it does not affect the construction and use of the raised funds projects [4]. - The maximum amount to be used for cash management is set at RMB 80 million, with a usage period of 12 months from the date of board approval [5][14]. - The source of funds is from the company's temporarily idle raised funds from its initial public offering [6]. Investment Method - The company will invest in low-risk, high-liquidity, principal-protected financial products with a maturity of no more than 12 months, including but not limited to structured deposits, time deposits, and large-denomination certificates of deposit [8][24]. - The management team is authorized to handle related matters and sign necessary documents within the approved limits [9][27]. Risk Control Measures - The company will strictly adhere to relevant regulations and guidelines to manage and supervise the investment in principal-protected financial products [16]. - Regular reports on investment status will be provided to the board, and independent directors will have the authority to supervise the use of funds [16][32]. Impact on the Company - The planned cash management will not affect the normal operations of the company or its subsidiaries, and it aims to enhance the returns on temporarily idle funds, benefiting both the company and its shareholders [18][35]. Intermediary Opinions - The sponsor, Guojin Securities Co., Ltd., has confirmed that the company has followed necessary approval procedures for the cash management plan, which complies with relevant regulations [19].

Core Viewpoint - The company, Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd., has approved a foreign exchange hedging plan for 2026, with a maximum limit of $5 million or equivalent foreign currency for the hedging activities [1] Group 1: Company Performance - As of December 19, 2025, the stock price of Tonglian Precision closed at 47.44 yuan, reflecting a 0.25% increase from the previous trading day [1] - The total market capitalization of the company is 7.679 billion yuan [1] - The stock opened at 47.5 yuan, reached a high of 48.5 yuan, and a low of 47.07 yuan, with a trading volume of 1.11 million yuan and a turnover rate of 1.43% [1] Group 2: Foreign Exchange Hedging Plan - The board of directors approved a proposal to conduct foreign exchange hedging activities, with a maximum contract value not exceeding $5 million or equivalent foreign currency [1] - The expected maximum margin and premium to be utilized for these transactions is $300,000 or equivalent foreign currency [1] - The funding for these activities will come from the company's own funds, and the trading period will be within 12 months from the board's approval [1] - The hedging products will include forwards, swaps, options, and other foreign exchange derivatives [1]

格隆汇12月19日丨统联精密(688210.SH)公布，在保证不影响公司募集资金投资计划正常进行的前提 下，公司及子公司拟使用最高不超过人民币8,000.00万元（包含本数）的暂时闲置募集资金进行现金管 理，额度使用期限为自董事会审议通过之日起12个月内有效。在前述额度及期限范围内，资金可以循环 滚动使用。 ...