公历新的一年来临前夕，不少机构马不停蹄地进行调研，寻找新一年A股市场投资机会。就在刚刚过去的2025年12月，合计逾600家A股 上市公司接受了机构调研。 值得注意的是，这里面，有超过100家公司2025年股价翻倍。 2025年12月机构调研逾600家A股上市公司 数据显示，刚刚过去的2025年12月，机构调研活动保持了较高的热度，合计逾600家A股上市公司接受了调研。 从调研次数上看，据Wind统计口径，机构2025年12月调研博盈特焊次数居前，全月累计调研次数合计超过10次，参与调研的机构涉及公募 基金、私募基金、券商、保险公司等多种不同类型的机构，调研形式包括现场参观、线上调研等。 比如2025年12月24日，博盈特焊以特定对象调研及现场参观形式接受了多家机构调研，在调研交流中，公司方面对投资者提出的一些问题 进行了回复。比如，对于国内HRSG产能布局问题，博盈特焊方面回复表示，公司在大凹基地布局2条HRSG生产线，预计会在2026年投产。 大凹基地生产的HRSG产品主要满足非北美市场的HRSG市场需求。 2025年12月，杰瑞股份股价亦走势强劲，当月累计上涨超过两成。 欧科亿2025年12月也多次接受 ...

相关报告：智研咨询发布的《中国PCB钻针行业市场现状调查及发展潜力研判报告》 二、PCB钻针行业产业链 内容概要：PCB钻针是用于印制电路板钻孔的工具，藉由贯穿电路板层与层间的接点，以制作出点对点 间的通路，使得电路板上各电子零件得以连通串接。从PCB钻针产业链来看，上游为原材料及生产设 备，原材料主要为碳化钨粉、钴粉等，辅材料为工业气体、磨削材料、涂层辅料及备件、模具制备材 料、包装材料和其他辅材等。中游为PCB钻针生产制造。下游为应用领域PCB领域，PCB广泛应用于服 务器、汽车、消费电子、医疗、工业等领域。全球PCB行业已形成以亚洲为主导、中国为核心的产业格 局。2024年中国大陆地区PCB产值为412.13亿美元，同比增长9.1%，占全球总产值的比重为56%，2025 年产值将进一步扩大至437.3亿美元。未来，消费电子、人工智能、新能源汽车等应用的快速发展，对 PCB的需求将不断增加，PCB行业将继续保持增长态势。受下游PCB市场景气度提升影响，PCB钻针行 业规模也重回增长态势，2024年全球PCB钻针行业市场规模为45亿元，同比增长15.4%；2025年市场规 模将进一步扩大至62亿元，同比增长 ...

Core Viewpoint - The tungsten price increase has led to higher costs for hard alloy tools, prompting manufacturers to raise prices, with expectations for growth in the industry, particularly in high-end sectors due to domestic substitution opportunities [1][2]. Group 1: Industry Trends - The hard alloy tool industry is experiencing a recovery after a period of consolidation, with increased growth expectations for the coming year, especially in high-end manufacturing sectors such as AI, humanoid robots, and semiconductor equipment [1]. - The demand for tools in emerging industries is rising, driven by technological breakthroughs, which is expected to boost sales of high-value-added products [1][4]. - The precision tool industry has a high user stickiness, with tool costs representing only 1%-4% of manufacturing costs, but their quality significantly impacts processing precision and product quality [4]. Group 2: Price Adjustments and Financial Performance - Tool manufacturers, including Zhongtung High-tech, have implemented multiple price increases in 2025 to address rising raw material costs, with adjustments varying by product type based on cost structure and market conditions [2][3]. - In Q3, leading tool companies reported significant profit increases, with Huari Precision's net profit rising by 915.62% year-on-year, attributed to improved downstream demand and enhanced product performance [3]. - Other companies like Okoyi and Zhongtung High-tech also reported substantial profit growth in Q3, with net profits increasing by 69.31% and 36.53% respectively [3]. Group 3: Future Outlook - The domestic tool industry is expected to move away from previous low performance, showing signs of recovery, particularly in high-end manufacturing sectors [3]. - The demand for tungsten remains strong, with expectations for prices to stay high, allowing companies to effectively transfer costs to downstream customers through price adjustments [5]. - The trend of domestic substitution in the high-end hard alloy tool market is gaining momentum, with emerging industry demand seen as a key opportunity for domestic companies to penetrate the high-end market by 2026 [5].

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：公司目前已经有1300吨的棒材产能，且产品能够满足 PCB钻针的材质需求。请问公司是否有计划往下游产业链进行延升？进入下游PCB钻针生产领域，包括 不限于组件团队，收购等多种形式，为公司创造更多的附加价值。 欧科亿（688308.SH）12月30日在投资者互动平台表示，目前数控刀具园已具备1300吨棒材生产产能， 具备快速组建PCB钻针棒材的产能与供应能力；公司已实现向下游核心客户供货，覆盖主流产品的多种 规格型号，获得了一定的市场认可；公司将紧密跟随市场需求增长的步伐，积极规划并进一步扩大PCB 钻针棒料的产能与供应，同时积极寻求产业链延伸。 ...

（文章来源：每日经济新闻） 欧科亿（688308.SH）12月30日在投资者互动平台表示，钨丝具有出色的抗疲劳性和抗拉强度，公司正 在积极开发机器人腱绳相关领域的钨丝产品。 每经AI快讯，有投资者在投资者互动平台提问：高测股份几个月前就公告开发成功复合钨丝腱绳用于 人形机器人。贵司也生产钨丝，请问有无可用于该类产品的品种？或者贵司是否有计划开发该类产品？ ...

Overview - The mechanical equipment sector has shown strong performance, with a 30.48% increase from January to November 2025, ranking sixth among 31 primary industry indices [20][21][22] - Multiple sub-sectors have outperformed the Shanghai Composite Index and CSI 300, with significant gains in electric motors, general equipment, and specialized equipment [20][22] General Sector - The PMI and new orders PMI for the general sector showed a trend of rising and then falling, indicating stable manufacturing demand, with inventory levels remaining reasonable [2][32] - The peak growth rate for finished product inventory PMI was 2.56%, suggesting a stable inventory situation [2][32] - Companies to watch include Inovance Technology, Okuma, Huari Precision, New Sharp, Naipu Mining Machinery, and Jereh [2][39] Engineering Machinery Sector - The engineering machinery industry is experiencing a recovery in domestic demand and high overseas demand, with a focus on electrification and technological transformation [3] - Key players like SANY Heavy Industry, XCMG, Zoomlion, and LiuGong are noted for their advantages in technology research and global channels [3] Rail Transit Equipment Sector - The growth rates for passenger and freight transport have exceeded the annual expectations set by the China National Railway Group, with significant investment in the railway sector [4] - From January to October 2025, passenger volume reached 3.95 billion, up 6.4% year-on-year, and freight volume was 4.37 billion tons, up 2.6% [4] - Companies to focus on include CRRC Corporation, China Railway Signal & Communication, and Siwei Control [4][39] Quantum Technology Sector - The national strategy increasingly emphasizes quantum technology, with expectations for continued investment and policy support [8] - The development of quantum technology is anticipated to drive demand for related hardware and software, benefiting core equipment manufacturers [8][39] Low-altitude Economy Sector - The low-altitude economy has been highlighted in government work reports, with local governments actively promoting development plans [9] - By 2025, local low-altitude economic industry funds are expected to exceed 100 billion, providing financial support for development [9][39] Export Chain Sector - The export chain is advised to focus on the U.S. market and emerging markets, with potential recovery in consumer spending if the U.S. continues to lower interest rates [10] - Companies to monitor include Jack Technology, Honghua Digital, Yindu Co., and Yizhiming [10][39]

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on AI equipment and consumables, as well as commercial aerospace [1]. Core Insights - The report highlights the rapid growth in demand for high-performance servers, GPUs, and advanced PCBs driven by the surge in AI technology and applications. The global PCB industry is projected to grow from $73.6 billion in 2024 to $96.4 billion by 2029, with a CAGR of 5.6% [7][22]. - The report emphasizes the importance of advancements in PCB equipment and consumables, particularly in drilling and exposure equipment, which are expected to see significant market growth due to the increasing complexity of AI applications [22][24]. - The commercial aerospace sector is entering a critical phase with the successful launch of reusable rockets, which could significantly reduce satellite launch costs and accelerate satellite networking processes [7][24]. Summary by Sections Industry and Company Investment Views - The report discusses the impact of AI on PCB demand, noting that the need for high-density and high-layer PCBs is increasing, which will drive the demand for advanced drilling and exposure equipment [22][24]. - Key companies to watch include Dingtai High-Tech and Zhongtung High-New in the consumables sector, and Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [7][24]. - The report suggests that the equipment industry is entering a golden age due to the expansion of AI infrastructure, with significant growth expected in drilling and exposure equipment markets [22][24]. Key Data Tracking - The report provides macroeconomic data, including the manufacturing PMI index and fixed asset investment growth rates, which are crucial for understanding the overall health of the mechanical industry [26][30]. - The mechanical sector has shown a strong performance, with a 4.5% increase in the sector index, outperforming the broader market indices [11][16]. Company Earnings Forecasts and Valuations - The report includes earnings forecasts and valuations for key companies in the mechanical sector, with several companies rated as "Strong Buy," indicating strong expected growth in earnings per share (EPS) and favorable price-to-earnings (PE) ratios [2][8].

资料显示，株洲欧科亿数控精密刀具股份有限公司位于湖南省株洲市炎陵县中小企业创业园创业路,湖 南省株洲市天元区马家河街道金龙社区马家河路588号，成立日期1996年1月23日，上市日期2020年12月 10日，公司主营业务涉及从事数控刀具产品和硬质合金制品的研发、生产和销售。主营业务收入构成 为：数控刀具产品50.72%，硬质合金制品46.91%，其他(补充)1.49%，其他产品0.88%。 欧科亿所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：机器人概念、融资融券、 太阳能、人形机器人、专精特新等。 截至9月30日，欧科亿股东户数7667.00，较上期增加13.48%；人均流通股20709股，较上期减少 11.88%。2025年1月-9月，欧科亿实现营业收入10.23亿元，同比增长14.34%；归母净利润5112.59万元， 同比减少43.09%。 12月26日，欧科亿盘中上涨2.03%，截至09:52，报32.20元/股，成交4641.88万元，换手率0.92%，总市 值51.13亿元。 资金流向方面，主力资金净流入125.16万元，特大单买入103.19万元，占比2.22%，卖出116.0 ...

责任编辑：小浪快报 欧科亿所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：机器人概念、融资融券、 太阳能、人形机器人、小盘等。 截至9月30日，欧科亿股东户数7667.00，较上期增加13.48%；人均流通股20709股，较上期减少 11.88%。2025年1月-9月，欧科亿实现营业收入10.23亿元，同比增长14.34%；归母净利润5112.59万元， 同比减少43.09%。 资金流向方面，主力资金净流出676.52万元，特大单买入150.81万元，占比4.11%，卖出574.23万元，占 比15.66%；大单买入408.76万元，占比11.15%，卖出661.86万元，占比18.05%。 欧科亿今年以来股价涨70.55%，近5个交易日涨6.04%，近20日涨4.41%，近60日涨24.11%。 12月25日，欧科亿盘中下跌2.08%，截至09:53，报30.53元/股，成交3665.98万元，换手率0.75%，总市 值48.48亿元。 资料显示，株洲欧科亿数控精密刀具股份有限公司位于湖南省株洲市炎陵县中小企业创业园创业路,湖 南省株洲市天元区马家河街道金龙社区马家河路588号，成立日期19 ...

欧科亿于2020年12月10日在上交所科创板上市，发行数量为2500万股，发行价格为23.99元/股，保荐机 构为民生证券股份有限公司(现为国联民生（601456）证券股份有限公司)，保荐代表人为宋彬、金亚 平。 欧科亿首次公开发行股票募集资金总额为6.00亿元，扣除发行费用后，募集资金净额为5.33亿元。欧科 亿最终募集资金比原计划多2491.73万元。欧科亿于2020年12月7日发布的招股说明书显示，该公司拟募 集资金5.08亿元，其中4.50亿元用于年产4000万片高端数控刀片智造基地建设项目，5800万元用于数控 精密刀具研发平台升级项目。 中国经济网北京12月24日讯欧科亿(688308.SH)昨日晚间披露《股东减持股份计划公告》。 根据公告，股东袁美和拟通过集中竞价或大宗交易方式减持公司股份不超过3,000,000股，即不超过公司 目前总股本的1.89%。 本次减持将于公告披露之日起15个交易日后的3个月内进行，通过集中竞价交易方式减持的，在任意连 续90日内，减持股份的总数不超过公司股份总数的1%；通过大宗交易方式减持的，在任意连续90日 内，减持股份的总数不超过公司股份总数的2%。减持方式及对 ...