Market Overview - The black home appliance sector increased by 0.44% on January 19, with *ST Gauss leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Stock Performance - *ST Gauss (002848) closed at 11.93, up 5.02% with a trading volume of 67,800 shares and a turnover of 78.41 million yuan [1] - Non-Chi (002429) closed at 9.40, up 2.29% with a trading volume of 1.8684 million shares and a turnover of 1.717 billion yuan [1] - Other notable stocks include Tongzhou Electronics (002052) at 12.93, up 0.94%, and Hisense Visual (600060) at 23.61, up 0.81% [1] Capital Flow - The black home appliance sector experienced a net outflow of 148 million yuan from main funds, while retail investors saw a net inflow of 140 million yuan [1] - The detailed capital flow indicates that Non-Chi had a main fund net inflow of 14.04 million yuan, while *ST Gauss had a net inflow of 8.06 million yuan [2] - Conversely, Sichuan Changhong (600839) faced a significant main fund net outflow of 121 million yuan [2]

Group 1 - The company, Jiulian Technology, has obtained qualifications for military-selected civilian equipment manufacturing [1] - The wholly-owned subsidiary, Guangdong Xiangteng Technology Co., Ltd., has received the weapon equipment quality management system certification [1] - The company encourages investors to follow its announcements on the Shanghai Stock Exchange and designated information disclosure media for updates on R&D, products, and business directions [1]

Core Viewpoint - Jiulian Technology announced that it won the bid for the communication integration module framework procurement project from Xingwang Application Technology Co., Ltd. in Q4 2025, marking a significant achievement for the company [1] Group 1 - The company emphasized the importance of following its announcements on the Shanghai Stock Exchange and designated information disclosure media for updates on R&D, products, and business directions [1]

Core Viewpoint - Jiulian Technology emphasizes the complementary nature of satellite IoT and cellular IoT, indicating a focus on integrated applications in various scenarios [1] Group 1: Company Insights - The company is closely monitoring the opportunities presented by the construction of "integrated space-ground network" [1] - Jiulian Technology encourages investors to keep an eye on its R&D, products, and business directions through announcements on the Shanghai Stock Exchange and designated information disclosure media [1]

Core Viewpoint - Jiulian Technology announced the termination of its major asset restructuring plan due to a lack of consensus on key transaction matters among the parties involved [1] Group 1: Announcement Details - The company disclosed the termination announcement on January 10, 2026, under the announcement number 2026-001 [1] - The decision to terminate the restructuring was made after active discussions and negotiations among the parties related to the major asset restructuring [1] Group 2: Future Communications - The company encourages stakeholders to continue monitoring its research, products, and business direction through announcements published on the Shanghai Stock Exchange website and designated information disclosure media [1]

Core Viewpoint - Jiulian Technology's products, including Cat.1, 5G RedCap, and Cat.4 modules, cater to various applications in cellular IoT, addressing high, medium, and low-speed needs [1] Group 1: Product Features - The Cat.1, 5G RedCap, and Cat.4 modules meet the diverse requirements of cellular IoT applications, with specific technical characteristics tailored to different scenario demands [1] - The company's products complement both cellular IoT and satellite IoT, indicating a versatile approach to connectivity solutions [1] Group 2: Market Opportunities - Jiulian Technology is closely monitoring the development of "integrated space-ground network" construction, highlighting its focus on forward-looking opportunities in the industry [1]

Group 1 - The core point of the article is that Jiulian Technology has successfully passed the automotive communication module certification [2] Group 2 - The company announced this achievement in response to investor inquiries on its interactive platform [2]

Group 1 - The company holds a 42.8546% stake in Baoji Guoan Jingjin Equity Investment Partnership (Limited Partnership) [1] - Guoan Jingjin Fund invested in 21st Century Space Technology Application Co., Ltd. in 2016 [1] - The fund currently holds a 1.4982% equity stake in Century Space [1]

Group 1 - The company is focusing on the production of products related to smart manufacturing, including new energy products, robotics, power communication modules, energy storage PACK, and photovoltaic and energy storage projects in its second industrial park [1] - The current capacity utilization rate is in the ramp-up phase [1]

Market Overview - The black home appliance sector experienced a decline of 1.85% on January 15, with Zhaochi Co., Ltd. leading the drop [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] Stock Performance - Sichuan Changhong (600839) saw a price increase of 5.00%, closing at 10.70, with a trading volume of 5.9554 million shares [1] - ST Gauss (002848) also increased by 5.00%, closing at 11.96, with a trading volume of 126,100 shares [1] - Other notable performers included Chenyi Intelligent (301578) with a slight increase of 0.81% and a closing price of 35.91 [1] - Conversely, stocks like Feichi Co., Ltd. (002429) experienced a significant decline of 9.75%, closing at 8.70, with a trading volume of 2.7528 million shares [1] Capital Flow - The black home appliance sector saw a net inflow of 310 million yuan from institutional investors, while retail investors experienced a net outflow of 129 million yuan [1] - The capital flow data indicates that Sichuan Changhong had a net inflow of 5.90 billion yuan from institutional investors, while retail investors had a net outflow of 2.56 billion yuan [2] - Zhaochi Co., Ltd. reported a net outflow of 1.89 billion yuan from institutional investors, with a retail net inflow of 717.1 million yuan [2]