Group 1 - The core point of the announcement is that Shanghai Jiaocheng Ultrasonic Technology Co., Ltd. received a notice regarding a change in equity held by a shareholder, Shanghai Jianlin Enterprise Management Partnership, which has reduced its shareholding to below 5.61% [2][3][4] - The shareholder, Jianlin Enterprise, reduced its holdings by 1,110,604 shares on January 30, 2026, bringing its total shares from 7,607,596 to 6,496,992, which now represents 5.61% of the company's total equity [2][3] - This reduction in shareholding is part of a previously disclosed plan and does not trigger a mandatory tender offer or affect the company's controlling shareholder or actual controller [2][3][4] Group 2 - The company will continue to monitor the equity changes of the information disclosure obligor and will fulfill its disclosure obligations in accordance with relevant laws and regulations [4] - The reduction does not have a significant impact on the company's governance structure or ongoing operations [3]

证券代码：688392 证券简称：骄成超声 公告编号：2026-003 上海骄成超声波技术股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 投资者上海鉴霖企业管理合伙企业（有限合伙）及其一致行动人段忠福保证向本公 司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | 5%以上大股东及其一致行动人 | | --- | --- | --- | | 投资者及其一致行动人的身份 | √其他 | | | | | □合并口径第一大股东及其一致行动人（仅适用 | | | | 于无控股股东、实际控制人） | | | □其他 | / （请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | | | □ 控股股东/实控人 | | | 上海鉴霖企业管理合 | □ 控股股东/实控人的一致 | √91330201MA28302M7Y | | ...

Group 1 - The core point of the news is that on January 30, 2026, Jiao Cheng Ultrasound executed a block trade of 730,000 shares, amounting to 92.8487 million yuan, which accounted for 16.92% of the total trading volume for that day [1][2] - The transaction price was 127.19 yuan per share, representing a discount of 6% compared to the market closing price of 135.31 yuan [1][2] Group 2 - The block trade involved multiple institutional buyers, with the largest single transaction being 34.3413 million yuan for 27,000 shares [2] - Other notable transactions included amounts of 17.8066 million yuan for 14,000 shares and 10.1752 million yuan for 8,000 shares, all executed by institutional buyers [2]

Market Overview - The battery sector experienced a decline of 0.92% compared to the previous trading day, with Jiao Cheng Ultrasonic leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Notable gainers in the battery sector included: - Zhongwei New Materials: closed at 59.49, up 5.22% with a trading volume of 393,200 shares [1] - Nord Shares: closed at 7.04, up 3.07% with a trading volume of 1,005,500 shares [1] - Wanrun New Energy: closed at 75.34, up 2.90% with a trading volume of 75,100 shares [1] - Major decliners included: - Jiao Cheng Ultrasonic: closed at 141.00, down 7.54% with a trading volume of 30,300 shares [2] - Jin Yinhe: closed at 51.40, down 6.82% with a trading volume of 154,300 shares [2] - Daoshi Technology: closed at 29.91, down 5.94% with a trading volume of 758,300 shares [2] Capital Flow - The battery sector saw a net outflow of 3.927 billion yuan from institutional investors, while retail investors contributed a net inflow of 2.931 billion yuan [2][3] - Key stocks with significant capital flow included: - Ningde Times: net inflow of 16.9 million yuan from institutional investors, but a net outflow of 1.57 billion yuan from retail investors [3] - Nord Shares: net inflow of 1 billion yuan from institutional investors, with a net outflow of 46.646 million yuan from retail investors [3] - Wukuang New Energy: net inflow of 79.102 million yuan from institutional investors, with a net outflow of 1.2041 million yuan from retail investors [3]

Group 1 - The core viewpoint of the news is that Jiao Cheng Ultrasonic experienced a decline in stock price while showing significant financing activity, indicating high investor interest despite the drop [1] - On January 26, Jiao Cheng Ultrasonic's stock fell by 3.59%, with a trading volume of 241 million yuan. The financing buy-in amount was 43.77 million yuan, while the financing repayment was 20.44 million yuan, resulting in a net financing buy of 23.32 million yuan [1] - As of January 26, the total balance of margin trading for Jiao Cheng Ultrasonic was 362 million yuan, which represents 2.24% of its market capitalization and is above the 80th percentile level over the past year, indicating a high level of financing activity [1] Group 2 - Jiao Cheng Ultrasonic, established on February 13, 2007, specializes in the research, design, production, and sales of ultrasonic welding and cutting equipment, as well as providing automation solutions for the new energy battery manufacturing sector [2] - The company's revenue composition includes 31.42% from parts, 25.86% from new energy battery ultrasonic equipment, 18.51% from services and others, 13.92% from harness connector ultrasonic equipment, 8.03% from semiconductor ultrasonic equipment, and 2.09% from non-metal ultrasonic equipment [2] - For the period from January to September 2025, Jiao Cheng Ultrasonic achieved a revenue of 521 million yuan, representing a year-on-year growth of 27.53%, and a net profit attributable to shareholders of 94.03 million yuan, which is a significant increase of 359.81% year-on-year [2] Group 3 - Since its A-share listing, Jiao Cheng Ultrasonic has distributed a total of 167 million yuan in dividends [3] - As of September 30, 2025, the number of shareholders for Jiao Cheng Ultrasonic increased to 8,133, up by 71.84% from the previous period, while the average circulating shares per person decreased by 4.81% to 14,230 shares [2][3] - New institutional shareholders include Fu Guo Tian Hui Growth Mixed Fund (LOF) A/B, holding 4 million shares, and Fu Guo New Vitality Flexible Allocation Mixed Fund A, holding 1.0024 million shares, while several funds exited the top ten circulating shareholders list [3]

Group 1 - The core point of the news is that Shanghai Jiaocheng Ultrasonic Technology Co., Ltd. experienced a stock decline of 5.13%, with a current share price of 141.35 yuan and a total market capitalization of 16.359 billion yuan [1] - The company specializes in the research, design, production, and sales of ultrasonic welding and cutting equipment, as well as providing automation solutions for the new energy battery manufacturing sector [1] - The revenue composition of the company's main business includes: 31.42% from accessories, 25.86% from ultrasonic equipment for new energy batteries, 18.51% from services and others, 13.92% from ultrasonic equipment for wire harness connectors, 8.03% from semiconductor ultrasonic equipment, 2.09% from non-metal ultrasonic equipment, and 0.18% from other supplementary sources [1] Group 2 - From the perspective of major holdings, Huian Fund has one fund heavily invested in Jiaocheng Ultrasonic, specifically the Huian Tianli 18-month holding period mixed A fund, which holds 10,000 shares, accounting for 0.96% of the fund's net value [2] - The fund has reported a floating loss of approximately 76,400 yuan as of the latest data [2] - The Huian Tianli 18-month holding period mixed A fund was established on August 10, 2022, with a current scale of 56.8657 million yuan, and has achieved a year-to-date return of 5.56% [2]

Core Viewpoint - The company, Jiao Cheng Ultrasonic, is focusing on expanding its overseas business, particularly in the European market, with an expected revenue contribution of approximately 1% from overseas operations in 2024 [1]. Group 1: Business Strategy - The company is dedicated to the research and application of ultrasonic technology, aiming to create a comprehensive technology platform that covers both power ultrasound and detection ultrasound [1]. - The company is actively promoting high-end applications in the fields of new energy and semiconductors, specifically targeting products such as harness connector ultrasonic equipment and semiconductor ultrasonic equipment [1]. Group 2: Market Expansion - The company is leveraging its domestic factories to export products to the European market while also utilizing overseas subsidiaries or channel partnerships to promote its products in Europe and other international regions [1]. - The company emphasizes its commitment to responding promptly to customer needs and continuously deepening its presence in overseas markets [1].

Group 1 - A-shares are showing steady growth in 2026, with foreign institutions actively conducting research to seize investment opportunities, particularly in technology sectors like AI, semiconductors, and electronic devices [1] - As of January 15, 2026, foreign institutions have conducted a total of 70 research sessions on A-share listed companies, with Anji Technology receiving the most attention from 27 foreign institutions [1] - UBS Wealth Management indicates that despite strong performance in the Chinese stock market since 2025, valuations remain low compared to global peers, suggesting significant upside potential [1] Group 2 - Morgan Asset Management forecasts a potential slowdown in global economic growth in 2026, with a supportive low-interest-rate environment expected to bolster economic development [2] - The liquidity environment in China is anticipated to remain loose, with a clear supportive policy stance from the government, which is expected to benefit the stock market [2] - Key investment directions identified include AI-driven sectors, lithium battery industry, non-ferrous metals, machinery benefiting from overseas demand, and semiconductor fields focusing on domestic GPU and equipment [2] Group 3 - Fidelity Fund emphasizes the importance of the "super track" of artificial intelligence and three strong sectors: aerospace, low-altitude economy, and innovative consumer [3]

Group 1 - The core point of the news is that Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. has seen a stock price increase of 5.75%, reaching 152.50 yuan per share, with a total market capitalization of 17.649 billion yuan [1] - The company specializes in the research, design, production, and sales of ultrasonic welding and cutting equipment, as well as providing automation solutions for the new energy battery manufacturing sector [1] - The revenue composition of the company's main business includes: 31.42% from accessories, 25.86% from ultrasonic equipment for new energy batteries, 18.51% from services and others, 13.92% from ultrasonic equipment for wire harness connectors, 8.03% from semiconductor ultrasonic equipment, 2.09% from non-metal ultrasonic equipment, and 0.18% from other supplementary sources [1] Group 2 - From the perspective of major fund holdings, Jiao Cheng Ultrasonic is a significant investment for the Jin Ying Fund, with the Jin Ying Research Driven Mixed A Fund holding 5,479 shares, representing 1.63% of the fund's net value [2] - The Jin Ying Research Driven Mixed A Fund has a total scale of 735,200 yuan and has achieved a year-to-date return of 5.18%, ranking 3,562 out of 8,847 in its category [2] - The fund manager, Li Longjie, has a tenure of 1 year and 252 days, with the best fund return during this period being 5.08% [3]

Group 1 - The company is continuously monitoring opportunities related to its core business and strategic development plans [1] - The company is actively exploring potential applications in emerging fields, focusing on expanding the use of ultrasound technology into more application areas [1]