格隆汇1月27日丨联赢激光(688518.SH)在投资者互动平台表示，目前全固态电池处于研发阶段，公司已 经为两家行业头部客户的中试线提供了设备，公司积极配合头部电池公司，进行固态电池设备方面的研 发。 ...

格隆汇1月27日丨联赢激光(688518.SH)在投资者互动平台表示，目前全固态电池处于研发阶段，公司已 经为两家行业头部客户的中试线提供了设备，公司积极配合头部电池公司，进行固态电池设备方面的研 发。 ...

Group 1 - The lithium battery industry is entering an accelerated expansion phase, with major companies starting a new round of capital expenditures in 2025, and 2026 is expected to see record-high capex investments [1] - The demand for lithium batteries has consistently exceeded expectations in recent years, leading to order overflow from major manufacturers due to insufficient capacity, with an estimated additional production capacity of nearly 1 TWh expected in 2026 [1] - Major lithium battery manufacturers are currently initiating equipment tenders, with hundreds of GWh of orders already visible, and further orders of around 100 GWh are anticipated [1] Group 2 - Orders for lithium battery equipment have reached new highs, with most equipment manufacturers showing positive year-on-year growth in contract liabilities, and many have surpassed historical peaks [2] - The strong order situation in the lithium battery equipment sector is expected to continue into 2026, although profitability improvements may not be realized until 2026 [2] Group 3 - Progress has been made in the research and development of solid-state batteries, with a shift in focus towards cost reduction and efficiency improvements in equipment, laying the groundwork for future testing of solid-state batteries [3] - Major battery manufacturers are expected to begin constructing pilot lines for solid-state batteries in 2026, which will create additional demand and opportunities for equipment companies [3] Group 4 - Companies to watch in this sector include XianDao Intelligent (300450.SZ), XianHui Technology (688155.SH), LianYing Laser (688518.SH), HaiMuXing (688559.SH), DeLong Laser (688170.SH), ST YiFei (688646.SH), YingHe Technology (300457.SZ), HangKe Technology (688006.SH), and XinYuRen (688573.SH) [4]

Core Insights - The Chinese laser and optoelectronics industry is experiencing significant personnel changes at the beginning of 2026, with multiple companies announcing important adjustments in their management teams [1][3] Group 1: Company Announcements - Five listed companies, including Dazhu Laser, Huaray Laser, Lianying Laser, Jieput, and Lianchuang Optoelectronics, have reported changes such as resignations of independent directors and appointments of new executives [1][3] - Dazhu Laser's independent director Wang Tianguang resigned for personal reasons, leading to a need for a supplementary election to maintain compliance with regulations [4][6] - Huaray Laser completed a management transition, appointing He Lidong as chairman and general manager, ensuring strategic continuity and emphasizing technical talent [7][9] - Lianying Laser's vice president Yin Dong resigned but will remain with the company in another capacity, indicating an internal restructuring rather than a complete departure [10][12] - Jieput appointed Liu Meng, a technical expert, as vice president, reflecting a strategic focus on enhancing product development and competitiveness in the high-power laser market [13][15] - Lianchuang Optoelectronics appointed Gu Hongwu as a non-independent director, transitioning from a supervisory role to a decision-making position within the board [16][18] Group 2: Strategic Implications - The personnel changes across these companies highlight a focus on strategic succession and the importance of technical expertise in the laser industry, particularly in the context of AI integration and high-end transformation [3] - The new management teams are characterized by stability and a strong technical background, which is crucial for driving innovation and maintaining competitive advantages in the rapidly evolving market [9][15] - The adjustments in leadership roles are seen as efforts to optimize governance structures and enhance strategic decision-making capabilities within the companies [18]

公司公告汇总 深圳市联赢激光股份有限公司及其子公司自2025年1月1日至2025年12月31日，累计获得政府补助 7,445.36万元，其中与收益相关的补助为5,245.96万元，与资产相关的补助为2,199.40万元。上述补助已 按规定进行会计处理，与收益相关的计入当期损益，与资产相关的确认为递延收益并按资产使用年限分 期摊销。以上数据未经审计，最终以会计师事务所审计结果为准。 本周关注点 公司公告汇总：联赢激光及其子公司累计获得政府补助7,445.36万元。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2026年1月16日收盘，联赢激光（688518）报收于30.14元，较上周的27.53元上涨9.48%。本周，联 赢激光1月15日盘中最高价报32.05元，股价触及近一年最高点。1月12日盘中最低价报27.1元。联赢激光 当前最新总市值102.88亿元，在自动化设备板块市值排名32/78，在两市A股市值排名2006/5183。 ...

Core Viewpoint - The stock of Lianying Laser has shown significant growth in 2023, with a year-to-date increase of 25.44%, and notable gains over various trading periods, indicating strong market interest and performance [2]. Group 1: Stock Performance - As of January 16, Lianying Laser's stock price decreased by 2.15% to 30.47 CNY per share, with a trading volume of 93.51 million CNY and a turnover rate of 0.89%, resulting in a total market capitalization of 10.4 billion CNY [1]. - The stock has increased by 10.68% over the last five trading days, 36.45% over the last 20 days, and 24.01% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Lianying Laser achieved a revenue of 2.248 billion CNY, reflecting a year-on-year growth of 2.16%, while the net profit attributable to shareholders was 108 million CNY, marking a 14.08% increase [2]. - The company has distributed a total of 214 million CNY in dividends since its A-share listing, with 143 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Lianying Laser was 15,100, a decrease of 6.68% from the previous period, with an average of 22,559 circulating shares per shareholder, an increase of 7.16% [2]. - Among the top ten circulating shareholders, Jin Ying Technology Innovation Stock A holds 5.4702 million shares, a decrease of 93,400 shares from the previous period, while Hua An Ju You Selected Mixed Fund is a new shareholder with 4.7433 million shares [3].

Group 1 - The stock price of Lianying Laser (688518) closed at 31.14 yuan on January 15, 2026, with an increase of 5.88% and a turnover rate of 7.52% [1] - The trading volume was 256,600 shares, with a total transaction amount of 789 million yuan [1] - The net inflow of main funds was 5.93 million yuan, indicating a positive short-term attitude from main investors [2] Group 2 - Lianying Laser and its subsidiaries received a total of 74.45 million yuan in government subsidies for the year 2025, with 52.46 million yuan related to income and 21.99 million yuan related to assets [1] - The income-related subsidies accounted for a significant portion of the total subsidies received [2] - The subsidies have been accounted for according to regulations, with income-related subsidies included in current profits and asset-related subsidies recognized as deferred income [1]

Investment Rating - The report recommends a positive investment outlook for the machinery equipment industry, particularly focusing on companies with high export potential and strong growth prospects in overseas markets [3][10]. Core Insights - The report identifies three major opportunities for machinery equipment exports: the Belt and Road Initiative driving demand in resource-rich countries, strong demand recovery in Europe and the US, and the shift from capacity export to technology export in high-end manufacturing [3][4][5]. - Key companies recommended for investment include SANY Heavy Industry, Zoomlion, LiuGong, and Hengli Hydraulic in the engineering machinery sector, and Jerry Holdings and Neway in the oil service sector [3][4][5][67]. Summary by Sections Belt and Road Initiative - Investment in oil, gas, and mineral resources in resource-rich countries is accelerating, driving demand for domestic equipment and expanding global market share [3]. - The engineering machinery sector is expected to benefit from rising prices of non-ferrous metals and increased capital expenditure by mining companies, leading to higher demand for high-margin excavators [3][10]. European and American Demand - The report highlights a recovery in overseas production capacity and macroeconomic recovery, focusing on high-quality targets with significant exposure to European and American markets [4]. - Key recommendations include leading Chinese hand tool exporter Juxing Technology and companies in the industrial forklift sector such as Hangcha Group and Anhui Heli [4]. High-End Manufacturing Export - The shift from capacity export to technology export is emphasized, with Chinese equipment manufacturers leveraging their advantages to enhance export ceilings [5]. - Companies involved in the production of optical module equipment, lithium battery equipment, and photovoltaic equipment are highlighted as key players, with specific recommendations for firms like Meiwai and Aotewi [5]. Engineering Machinery Export - The report anticipates a new upward cycle for overseas engineering machinery demand starting in 2025, driven by recovery in global demand and increased capital expenditure in mining and infrastructure [10][11]. - Key companies with established overseas operations and competitive advantages in mining and large infrastructure projects are expected to benefit significantly [10][11]. Oil Service Market - The Middle East is identified as a core market for oil service companies, with high certainty for growth due to stable capital expenditure and strong demand [67][69]. - Recommended companies include Jerry Holdings, which has a comprehensive international certification system and strong project execution capabilities, and Neway, which has a significant presence in the aftermarket service sector [67][69].

Group 1: Market Performance - The automation equipment sector increased by 0.96% on January 15, with Robotech leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Group 2: Individual Stock Performance - Robotech (300757) closed at 290.16, up 6.72%, with a trading volume of 101,800 shares and a transaction value of 2.899 billion [1] - Lianying Laser (688518) closed at 31.14, up 5.88%, with a trading volume of 256,600 shares and a transaction value of 789 million [1] - ST Yifei (688646) closed at 37.35, up 4.92%, with a trading volume of 15,600 shares and a transaction value of 57.017 million [1] - Dazhu Laser (002008) closed at 44.72, up 4.15%, with a trading volume of 369,000 shares and a transaction value of 1.620 billion [1] - Other notable stocks include Haili Ao (688589) at 62.10, up 4.07%, and Delong Laser (688170) at 36.66, up 3.85% [1] Group 3: Capital Flow Analysis - The automation equipment sector experienced a net outflow of 462 million from institutional investors, while retail investors saw a net inflow of 557 million [2] - The capital flow for individual stocks shows that Huichuan Technology (300124) had a net inflow of 378 million from institutional investors [3] - Robotech (300757) had a net inflow of 191 million from institutional investors, but a net outflow of 92.015 million from retail investors [3]

Group 1 - The company Shenzhen Lianying Laser Co., Ltd. and its subsidiaries received a total of government subsidies amounting to RMB 74.4536 million from January 1, 2025, to December 31, 2025 [2] - Among the total subsidies, RMB 52.4596 million is related to income and RMB 21.9940 million is related to assets, both figures are unaudited [2] - The company will recognize the income-related subsidies in the current profit and loss, while the asset-related subsidies will be recorded as deferred income and recognized in profit and loss over the useful life of the corresponding assets [2]