| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603421 | 鼎信通讯 | 7.92 | 10.00% | 36.71万 | 2.87亿 | | 688100 | 威胜信息 | 46.16 | 7.15% | 12.84万 | · 5.98亿 | | 600487 | 亨通光电 | 27.78 | 2.58% | 168.27万 | 46.66 Z | | 920374 | 云里物里 | 26.19 | 0.69% | 9740.58 0 | 2537.64万 | | 601869 | 长飞光纤 | 118.40 | 0.48% | 18.14万 | 21.33亿 | | 300183 | 东软载波 | 15.92 | 0.44% | 9.04万 | 1.45亿 | | 301307 | 美利信 | 36.28 | 0.42% | 7.68万 | 2.78亿 | | 301577 | 美信科技 | 61.74 | 0.18% | 8711.45 | 5374.66万 | | 300555 | ...

中金公司研究部 信科移动 688387.SH 自主通信体系领军者，天地一体布局再启 征程 刘中玉 分析员 SAC 执证编号：S0080521060003 SFC CE Ref：BSP722 zhongyu.liu@cicc.com.cn 刘婧 分析员 SAC 执证编号：S0080523070005 jing7.liu@cicc.com.cn 李舜尧 分析员 SAC 执证编号：S0080525090005 shunyao.li@cicc.com.cn 2026-01-12 0 投资亮点 1 ✓ 深耕通信行业二十八载，天地一体布局推动成长。 ✓ 信科移动是中国信息通信科技集团有限公司下属核心企业，由大唐移动通信设备有限公司和武汉虹信通信技 术有限责任公司联合重组而成，是以5G为代表的全球移动通信领域自主创新领军企业，是5G技术、标准、 产业引领发展的重要贡献者，也是全球5G无线移动通信产业的核心推动力量。 | 肩负使命 | 蓬勃发展 | 跨越升级 | 全新启航 | | --- | --- | --- | --- | | 1998~2008 | 2009~2014 | 2015~2020 | 2021至今 | | ...

Economic Information - Several smartphone manufacturers, including Xiaomi, OPPO, vivo, and Transsion, have lowered their annual shipment forecasts, with Xiaomi and OPPO reducing by over 20%, vivo by nearly 15%, and Transsion to below 70 million units [2] - Silver prices have surged over 50% in one month and over 150% in six months, impacting the photovoltaic industry, which consumes a significant amount of silver. The cost of raw materials for solar cells has increased by nearly 20% due to rising silver prices [2] - The company Xibei is expected to incur cumulative losses exceeding 600 million yuan from September 2025 to March 2026, leading to the closure of 102 stores, accounting for 30% of its total outlets [2] Company Alerts - Shenghong Technology anticipates a net profit increase of 260%-295% year-on-year for 2025, although Q4 performance fell short of expectations [4] - Cambridge Technology expects a net profit increase of 51%-67% year-on-year for 2025, with Q4 results also below expectations [4] - Multiple companies, including Weimait and Youyan Silicon, have announced plans to reduce their shareholdings by up to 4.98% and 3% respectively [4][11] Overseas Alerts - The three major U.S. stock indices collectively declined last Friday, with the Nasdaq China Golden Dragon Index dropping by 1.15%. Notable declines were seen in Chinese stocks such as Alibaba and JD.com [5] - The European Union is considering imposing tariffs on U.S. goods worth 93 billion euros in response to U.S. tariffs on eight European countries, which could take effect on February 6 if no agreement is reached [5]

证券之星消息，1月16日通信设备板块较上一交易日上涨0.03%，信科移动领涨。当日上证指数报收于 4101.91，下跌0.26%。深证成指报收于14281.08，下跌0.18%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688387 | 信科移动 | 19.81 | 11.54% | 212.61万 | | 41.20亿 | | 002796 | 世嘉科技 | 43.45 | 10.00% | 24.03万 | | 10.17亿 | | 600198 | 大唐电信 | 12.13 | 9.97% | 122.19万 | | 13.96 Z | | 301307 | 美利信 | 37.49 | 9.75% | 17.52万 | | 6.30亿 | | 300555 | ST路通 | 16.02 | 7.30% | 6.02万 | | 9365.40万 | | 301205 | 联特科技 | 209.44 | 6.31% | 13.49万 | | ...

Group 1 - The core viewpoint of the article highlights a strong rebound in AI computing hardware, with significant gains in related stocks and a forecasted explosive growth in AI server shipments by 2026 [1] - Goldman Sachs' analyst team predicts that the penetration rate of ASIC chips will rise to 40%, leading to a more than double year-on-year increase in shipments of 800G/1.6T optical modules [1] - The acceleration of ASIC chip penetration is expected to drive the AI server and optical communication industries towards a trillion-dollar market [1] Group 2 - In the consumer electronics sector, Apple's upcoming foldable iPhone is anticipated to be a strong catalyst for the smartphone market, while the PC market continues to face significant challenges [1] - Goldman Sachs emphasizes that demand for AI-related technologies and high-end hardware will continue to drive revenue growth in China's semiconductor, optical communication, and PCB industries [1] - Emerging sectors such as smart driving, AI software, and low-orbit satellites are accelerating their implementation due to policy and technological breakthroughs, providing diversified investment opportunities [1] Group 3 - The communication ETF Huaxia (515050) tracks the CSI 5G communication theme index, focusing on electronic (chips, PCBs, consumer electronics) and communication (optical modules, servers) computing hardware [1] - The top five holdings in the ETF include Zhongji Xuchuang, Xinyi Sheng, Luxshare Precision, Industrial Fulian, and Zhaoyi Innovation [1]

Group 1 - The commercial aerospace sector is experiencing a resurgence, with the satellite industry ETF (159218) rising by 3.31% as of January 16, indicating strong market interest [1] - Key component stocks such as Xinke Mobile-U, Zhenlei Technology, Xunwei Communication, and Zhongke Star Map have shown significant gains, contributing to the overall performance of the ETF [1] - The trading volume for the ETF reached approximately 730 million, with average trading volumes over the past 20, 10, and 5 days being 810 million, 1.27 billion, and 1.72 billion respectively, indicating increasing trading momentum [1] Group 2 - According to Kaiyuan Securities, low Earth orbit (LEO) satellite constellations have become a new battleground for major countries in space competition, with the satellite industry market potentially reaching trillions in scale [2] - The low Earth orbit satellite market is expected to exhibit significant growth potential over the next decade, driven by competition for frequency resources [2] - The pressure from the competition for low Earth orbit satellite resources is likely to accelerate the entire satellite industry's transition from an "investment incubation period" to a "profit realization period" [2]

（文章来源：每日经济新闻） 每经AI快讯，1月16日，商业航天概念股盘中震荡回升，城建发展反包涨停，天银机电涨近10%，钧达 股份、信科移动、臻镭科技、昊志机电跟涨。 ...

Group 1 - The core viewpoint of the news is that Xinke Mobile has seen a stock price increase of 5.01%, reaching 18.65 CNY per share, with a total market capitalization of 63.76 billion CNY [1] - Xinke Mobile, established on December 29, 1998, is a high-tech enterprise controlled by a central state-owned enterprise, focusing on mobile communication international standard formulation, core technology research and development, and industrialization [1] - The company's main business revenue composition includes: integrated mobile communication services (35.01%), system equipment (21.44%), industry-specific network equipment and others (16.24%), antenna feeder equipment (14.09%), indoor distribution equipment (6.58%), mobile communication network operation and maintenance services (5.84%), and others (0.80%) [1] Group 2 - According to data, Guolian Fund has one fund heavily invested in Xinke Mobile, specifically the Guolian Smart Selection Pioneer Stock A (020748), which holds 172,600 shares, accounting for 0.44% of the fund's net value [2] - The Guolian Smart Selection Pioneer Stock A fund has a total scale of 145 million CNY and has achieved a return of 7.32% this year, ranking 1900 out of 5531 in its category [2] - The fund has a one-year return of 54.39%, ranking 1064 out of 4215, and an overall return of 86.12% since its inception [2] Group 3 - The fund managers of Guolian Smart Selection Pioneer Stock A are Wang Zhe and Chen Xinyu, with Wang Zhe having a tenure of 7 years and 64 days, managing assets totaling 2.519 billion CNY, and achieving a best fund return of 106.32% during his tenure [3] - Chen Xinyu has a tenure of 6 years and 171 days, managing assets of 1.211 billion CNY, with a best fund return of 82.83% during his tenure [3]

Core Viewpoint - The communication equipment sector experienced a mixed performance, with a slight overall increase of 0.88% on January 15, while the Shanghai Composite Index fell by 0.33% and the Shenzhen Component Index rose by 0.41% [1]. Group 1: Stock Performance - Shenyu Co., Ltd. led the gains in the communication equipment sector with a closing price of 42.62, reflecting a rise of 10.39% and a trading volume of 396,000 shares, amounting to a transaction value of 1.671 billion [1]. - Other notable performers included: - Sega Technology with a closing price of 39.50, up 10.00% [1]. - Shijia Photon with a closing price of 87.43, up 7.30% [1]. - Lian Te Technology with a closing price of 197.00, up 7.01% [1]. - Zhaolong Interconnect with a closing price of 57.55, up 6.67% [1]. Group 2: Declining Stocks - The sector also saw significant declines, with Guangha Communication dropping 17.15% to a closing price of 28.98 [2]. - Other stocks that faced losses included: - Fujida down 10.68% to 44.90 [2]. - Xinkemobile down 10.66% to 17.76 [2]. - Huanghuo Communication down 10.01% to 43.07 [2]. Group 3: Capital Flow - The communication equipment sector experienced a net outflow of 1.058 billion from institutional investors and 2.280 billion from retail investors, while retail investors saw a net inflow of 3.338 billion [2]. - The capital flow for specific stocks indicated: - Zhongji Xuchuang had a net inflow of 1.832 billion from institutional investors [3]. - Xinyi Sheng saw a net inflow of 1.208 billion [3]. - Shijia Photon had a net inflow of 516 million [3].

Group 1 - The core point of the news is that 信科移动 experienced a decline of 5.38% in its stock price, reaching 18.81 yuan per share, with a trading volume of 420 million yuan and a turnover rate of 1.09%, resulting in a total market capitalization of 64.307 billion yuan [1] - 信科移动 is a high-tech enterprise controlled by a central state-owned enterprise, established on December 29, 1998, and listed on September 26, 2022. Its main business involves mobile communication international standard formulation, core technology research and development, and industrialization [1] - The revenue composition of 信科移动 includes: integrated mobile communication services (35.01%), system equipment (21.44%), industry-specific network equipment and others (16.24%), antenna feeder equipment (14.09%), indoor distribution equipment (6.58%), mobile communication network operation and maintenance services (5.84%), and other supplementary services (0.80%) [1] Group 2 - From the perspective of major holdings, one fund under 汇添富基金 holds 信科移动 as a top ten stock, specifically the 汇添富创新活力混合A fund, which held 552,200 shares, accounting for 1.83% of the fund's net value, with an estimated floating loss of approximately 590,900 yuan [2] - The 汇添富创新活力混合A fund was established on April 19, 2016, with a latest scale of 137 million yuan. Year-to-date return is 5.79%, ranking 2685 out of 8840 in its category; the one-year return is 42.22%, ranking 2794 out of 8094; and since inception, the return is 136.25% [2]