创金合信基金旗下产品重仓持有富信科技，截至2025年四季度，持仓1.16万股，占基金净值比例 0.54%。近期股价波动导致该基金持仓盈亏变化显著。 经济观察网 富信科技（688662）近期股价连续上涨，2025年业绩快报显示营业收入增长但净利润下 滑，同时有基金持仓动态及早期治理结构优化等事件引发市场关注。 公司结构与治理 股票近期走势 截至2026年2月11日，富信科技股价已连续4个交易日上涨，累计涨幅达13.9%，当日收盘报58.83元/ 股，总市值约51.91亿元。这一波动反映了市场交投活跃，换手率较高。 业绩经营情况 2026年1月19日，公司公布2025年度业绩快报，实现营业收入5.35亿元，同比增长3.73%；但归母净利润 3988.69万元，同比下降10.32%。业绩变动主要受消费类产品收入未达预期及市场投入增加等因素影 响。 机构持仓分析 2025年12月11日，公司因取消监事会并强化审计委员会等治理优化措施引发市场关注，当时股价涨停。 但此为历史事件，需结合最新动态评估。 以上内容基于公开资料整理，不构成投资建议。 ...

Group 1 - The core viewpoint of the news is that Fuxin Technology has seen a significant increase in its stock price, rising 1.96% to 58.83 CNY per share, with a total market capitalization of 5.191 billion CNY and a cumulative increase of 13.9% over the past four days [1] - Fuxin Technology, established on June 6, 2003, and listed on April 1, 2021, operates in the production and management of household appliances and semiconductor electronic devices, with its main business revenue composition being: thermoelectric complete applications 33.90%, semiconductor thermoelectric devices 31.24%, semiconductor thermoelectric systems 21.21%, and others 13.65% [1] Group 2 - From the perspective of fund holdings, one fund under Chuangjin Hexin has Fuxin Technology as a significant holding, with 11,600 shares representing 0.54% of the fund's net value, ranking as the eighth largest holding [2] - The fund, Chuangjin Hexin Yunyiliang Quantitative Stock Mixed A (020224), has a current scale of 75.8565 million CNY and has achieved a return of 6.93% this year, ranking 3064 out of 8884 in its category [2] - The fund managers, Dong Liang and Sun Yue, have significant experience, with Dong Liang having a tenure of 12 years and 141 days and Sun Yue having 5 years and 157 days, managing total assets of 7.348 billion CNY and 5.94 billion CNY respectively [2]

Group 1 - The core point of the news is that Fuxin Technology's stock price increased by 5.03% to 54.25 CNY per share, with a trading volume of 1.09 billion CNY and a market capitalization of 4.787 billion CNY as of the report date [1] - Fuxin Technology, established on June 6, 2003, and listed on April 1, 2021, is located in Shunde High-tech Zone, Guangdong Province. The company specializes in the production and operation of household appliances and semiconductor electronic devices [1] - The revenue composition of Fuxin Technology includes: thermoelectric complete machines 33.90%, semiconductor thermoelectric devices 31.24%, semiconductor thermoelectric systems 21.21%, and other categories 13.65% [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Chuangjin Hexin holds Fuxin Technology as a significant investment. The Chuangjin Hexin Yunyuan Quantitative Stock Mixed A Fund (020224) held 11,600 shares in the fourth quarter, accounting for 0.54% of the fund's net value, ranking as the eighth largest heavy stock [2] - The Chuangjin Hexin Yunyuan Quantitative Stock Mixed A Fund (020224) was established on June 27, 2024, with a latest scale of 75.8565 million CNY. Year-to-date return is 5.14%, ranking 3055 out of 8873 in its category; the one-year return is 22.77%, ranking 4905 out of 8123; and the return since inception is 36.13% [2] Group 3 - The fund managers of Chuangjin Hexin Yunyuan Quantitative Stock Mixed A Fund (020224) are Dong Liang and Sun Yue. As of the report date, Dong Liang has a cumulative tenure of 12 years and 136 days, with a total fund asset scale of 7.348 billion CNY, achieving a best fund return of 137.13% and a worst return of -26.54% during his tenure [3] - Sun Yue has a cumulative tenure of 5 years and 152 days, with a total fund asset scale of 5.94 billion CNY, achieving a best fund return of 82.82% and a worst return of -19.51% during his tenure [3]

Group 1 - The core point of the news is that Fuxin Technology's stock price dropped by 5.14% to 50.91 CNY per share, with a total market value of 4.492 billion CNY as of the report date [1] - Fuxin Technology, established on June 6, 2003, and listed on April 1, 2021, is located in Shunde High-tech Zone, Guangdong Province, and primarily engages in the production and operation of household appliances and semiconductor electronic devices [1] - The revenue composition of Fuxin Technology includes: thermoelectric complete machines 33.90%, semiconductor thermoelectric devices 31.24%, semiconductor thermoelectric systems 21.21%, and other categories 13.65% [1] Group 2 - From the perspective of major fund holdings, one fund under Chuangjin Hexin holds shares in Fuxin Technology, specifically the Chuangjin Hexin Yunyuan Quantitative Stock Mixed A (020224), which held 11,600 shares, accounting for 0.54% of the fund's net value, ranking as the eighth largest holding [2] - The fund has a current scale of 75.8565 million CNY and has achieved a return of 6.03% year-to-date, ranking 3160 out of 8873 in its category, with a one-year return of 23.01%, ranking 4941 out of 8119 [2] Group 3 - The fund managers of Chuangjin Hexin Yunyuan Quantitative Stock Mixed A (020224) are Dong Liang and Sun Yue, with Dong Liang having a tenure of 12 years and 135 days, managing assets totaling 7.348 billion CNY, and achieving a best return of 137.13% during his tenure [3] - Sun Yue has a tenure of 5 years and 151 days, managing assets of 5.94 billion CNY, with a best return of 82.82% during his tenure [3]

Market Overview - The other electronic sector experienced a decline of 0.55% on January 20, with Fuxin Technology leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable gainers in the other electronic sector included: - Yingfang Micro (Code: 000670) with a closing price of 8.50, up 9.96% [1] - Yunhan Chip City (Code: 301563) with a closing price of 189.40, up 7.55% [1] - Woer Nuclear Material (Code: 002130) with a closing price of 30.62, up 3.13% [1] - Significant decliners included: - Fuxin Technology (Code: 688662) with a closing price of 53.98, down 6.93% [2] - Jiu Zhi Yang (Code: 300516) with a closing price of 69.76, down 6.26% [2] - Xin Ya Zhi Cheng (Code: 002388) with a closing price of 5.77, down 4.63% [2] Capital Flow - The other electronic sector saw a net outflow of 8.92 billion yuan from main funds, while retail funds had a net inflow of 3.04 billion yuan [2] - Notable capital flows for specific stocks included: - Woer Nuclear Material had a main fund net inflow of 4.26 million yuan, but a retail net outflow of 3.95 million yuan [3] - Yunhan Chip City experienced a main fund net inflow of 58.20 million yuan, with a retail net outflow of 40.24 million yuan [3] - Yingfang Micro had a significant main fund net inflow of 27.01 million yuan, but a retail net outflow of 17.34 million yuan [3]

Group 1 - The core viewpoint of the news is that 24 companies have released their performance reports for 2025, with significant variations in revenue and profit growth among them [1][2][3] - Poly Developments reported the highest revenue at 308.26 billion yuan, but experienced a slight decline of 1.09% year-on-year [1][3] - Among the companies, 16 reported revenue growth, with the highest increase of 37.18% from Siyuan Electric, achieving 21.21 billion yuan in revenue [1][2] Group 2 - In terms of net profit, all companies that released performance reports were profitable, with five companies exceeding 10 billion yuan in net profit [2] - CITIC Bank led with a net profit of 70.62 billion yuan, reflecting a year-on-year growth of 2.98% [2][3] - The largest net profit growth was seen in Quanyuan Spring, which reported a net profit of 0.15 billion yuan, up 147.89% year-on-year [2]

Core Insights - Two companies listed on the Sci-Tech Innovation Board have released their performance forecasts for 2025, indicating varying growth trajectories in revenue and profit [1] Group 1: Company Performance - China Electric Research (中国电研) expects to achieve a revenue of 4.766 billion yuan in 2025, representing a year-on-year growth of 5.38%. The net profit is projected to be 533 million yuan, with a year-on-year increase of 14.04%. The basic earnings per share are estimated at 1.3200 yuan, and the weighted average return on equity is forecasted at 15.70% [1] - Fuxin Technology (富信科技) anticipates a revenue of 53.487 million yuan in 2025, reflecting a year-on-year growth of 3.73%. However, the net profit is expected to decline to 39.887 million yuan, a decrease of 10.32% compared to the previous year. The basic earnings per share are projected at 0.4600 yuan, with a weighted average return on equity of 5.65% [1] Group 2: Reporting Dates - The scheduled disclosure date for China Electric Research's 2025 annual report is April 28, 2026 [1] - The scheduled disclosure date for Fuxin Technology's 2025 annual report is April 27, 2026 [1]

Core Viewpoint - Fuxin Technology (688662.SH) reported its 2025 annual performance, showing a revenue increase but a decline in net profit [2] Financial Performance - The company achieved an operating revenue of 534.88 million yuan, representing a year-on-year growth of 3.73% [2] - The net profit attributable to the parent company was 39.89 million yuan, reflecting a year-on-year decrease of 10.32% [2]

Core Viewpoint - Fuxin Technology (688662.SH) reported a mixed performance for the fiscal year 2025, with revenue growth but a decline in net profit [1] Financial Performance - The company achieved an operating revenue of 534.88 million yuan, representing a year-on-year increase of 3.73% [1] - The net profit attributable to the parent company was 39.89 million yuan, reflecting a year-on-year decrease of 10.32% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 38.11 million yuan, down 8.67% compared to the previous year [1] Business Development - The company actively promoted technology research and product iteration during the fiscal year [1] - The semiconductor thermoelectric device business showed a positive development trend [1] - However, revenue from consumer systems and complete machine products did not meet expectations, and overall profitability declined due to increased market expansion and promotion costs, as well as fluctuations in the RMB exchange rate [1]

Financial Performance - In 2025, the company achieved total operating revenue of RMB 53,487.65 million, an increase of 3.73% compared to the previous year[5] - The net profit attributable to the parent company's shareholders was RMB 3,988.69 million, a decrease of 10.32% year-over-year[5] - The net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 3,810.79 million, down 8.67% from the previous year[5] - The earnings per share decreased to RMB 0.46, down 11.54% compared to the previous year[5] - The weighted average return on net assets was 5.65%, a decrease of 1.14 percentage points from the previous year[5] Assets and Equity - The company's total assets at the end of the reporting period were RMB 94,542.68 million, a decrease of 5.85% from the beginning of the period[5] - The equity attributable to the parent company's shareholders increased to RMB 73,061.64 million, up 4.59% from the beginning of the period[5] Business Development and Challenges - The company actively promoted technology research and product iteration, with positive development in the semiconductor thermoelectric device business[6] - The decline in overall profitability was attributed to lower-than-expected revenue from consumer systems and complete machine products, increased market expansion costs, and fluctuations in the RMB exchange rate[6] - There were no financial data or indicators with changes exceeding 30% during the reporting period[7]