证券日报网讯2月25日，盛科通信发布业绩快报称，公司2025年实现营业总收入115053.14万元，同比增 长6.35%。 ...

蓝特光学：2025年净利润同比增长76.09% 2月25日晚，蓝特光学(688127)发布业绩快报，2025年实现营业收入15.36亿元，同比增长48.52%；实现 归母净利润3.88亿元，同比增长76.09%；基本每股收益为0.96元/股。 联影医疗：2025年净利润同比增长49.60% 2月25日晚，联影医疗(688271)发布2025年度业绩快报，营业收入达到138.2亿元，同比增长34.18%；实 现归属于母公司所有者的净利润为18.88亿元，同比增长49.60%。 恒玄科技：2025年净利润同比增长27.75% 2月25日晚，恒玄科技(688608)发布业绩快报，2025年实现营业收入35.25亿元，同比增长8.02%；实现净 利润5.88亿元，同比增长27.75%。 南亚新材：2025年净利润同比增长378.65% 2月25日晚，南亚新材(688519)发布业绩快报，2025年度公司实现营业收入52.28亿元，同比增长 55.52%；实现净利润2.41亿元，同比增长378.65%。 兖矿能源：控股子公司兖煤澳洲公司2025年税后利润4.40亿澳元 2月25日晚，兖矿能源(600188)发布公告称， ...

公告称，高强度研发投入导致2025年度利润下降，随着公司总体亏损情况的增加，公司每股收益类各项 指标同比有所下降。 盛科通信(688702.SH)披露2025年度业绩快报，公司2025年度实现营业收入为11.51亿元，同比增长 6.35%;实现归属于母公司所有者的净亏损1.5亿元;实现归属于母公司所有者的扣除非经常性损益的净亏 损2.18亿元。 ...

公告称，高强度研发投入导致2025年度利润下降，随着公司总体亏损情况的增加，公司每股收益类各项 指标同比有所下降。 盛科通信(688702.SH)披露2025年度业绩快报，公司2025年度实现营业收入为11.51亿元，同比增长 6.35%;实现归属于母公司所有者的净亏损1.5亿元;实现归属于母公司所有者的扣除非经常性损益的净亏 损2.18亿元。 ...

| 项目 | 本报告期 | 上年同期 | 增减变动幅度（％） | | --- | --- | --- | --- | | 营业总收入 | 115,053.14 | 108,182.67 | 6.35 | | 营业利润 | -15,104.31 | -7,308.68 | 不适用 | | 利润总额 | -14,980.05 | -6,826.47 | 不适用 | | 归属于母公司所有者的 净利润 | -14,984.27 | -6,826.47 | 不适用 | | 归属于母公司所有者的 | | | | | 扣除非经常性损益的净 | -21,844.27 | -10,847.02 | 不适用 | | 利润 | | | | | 基本每股收益（元） | -0.37 | -0.17 | 不适用 | | 加权平均净资产收益率 | -6.50% | -2.88% | 减少 3.62 个百分点 | | | 本报告期末 | 本报告期初 | 增减变动幅度（％） | | 总资产 | 253,417.79 | 266,211.10 | -4.81 | | 归属于母公司的所有者 | 223,174.49 | 233,328.32 | ...

格隆汇2月25日丨盛科通信(688702.SH)公布2025年度业绩快报，经财务部门初步测算，预计公司2025年 度实现营业收入为11.51亿元，较上年同期增加6870.47万元，同比增长6.35%；实现归属于母公司所有 者的净利润为-1.50亿元，较上年同期亏损增加8157.80万元；实现归属于母公司所有者的扣除非经常性 损益的净利润为-2.18亿元，较上年同期亏损增加1.10亿元。报告期末，公司总资产25.34亿元，较期初 下降4.81%；归属于母公司的所有者权益22.32亿元，较期初下降4.35%；归属于母公司所有者的每股净 资产5.44元，较期初下降4.39%。 影响经营业绩的主要因素：面对复杂多变的市场环境，公司收入规模保持温和增长，研发投入的持续增 长导致短期利润承压。公司持续加大研发投入，为公司在新产品的研发与新市场的布局奠定坚实的基 础。公司不断深化布局工艺平台，加快产品迭代以及增强产品性能和优化成本，为高质量可持续发展提 供持久动力，构建长期竞争力。 ...

苏州盛科公告称，2025年度实现营业收入115,053.14万元，同比增长6.35%；归属于母公司所有者的净 利润为 -14,984.27万元，较上年同期亏损增加8,157.80万元。报告期末，公司总资产253,417.79万元，较 期初下降4.81%；归属于母公司的所有者权益223,174.49万元，较期初下降4.35%。业绩变动主因是研发 投入持续增长，虽收入规模温和增长，但短期利润承压。数据为初步核算，未经审计，以2025年年度报 告为准。 ...

2月25日，盛科通信涨5.92%，截至发稿，报199.00元/股，成交4647.29万元，换手率0.11%，总市值 815.90亿元。盛科通信股价已经连续3天上涨，区间累计涨幅27.79%。 资料显示，苏州盛科通信股份有限公司位于江苏省苏州工业园区江韵路258号，成立日期2005年1月31 日，上市日期2023年9月14日，公司主营业务涉及以太网交换芯片及配套产品的研发、设计和销售。主 营业务收入构成为：以太网交换芯片72.43%，以太网交换芯片模组11.94%，以太网交换机10.48%，定 制化解决方案及其他3.18%，授权许可1.97%。 从盛科通信十大流通股东角度 截至发稿，罗文杰累计任职时间12年313天，现任基金资产总规模1713.58亿元，任职期间最佳基金回报 185.44%， 任职期间最差基金回报-47.6%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居盛科通 ...

Investment Rating - The report maintains a "Recommended" investment rating for the electronic industry [4][9]. Core Insights - The report highlights the ongoing competition in AI model development, with significant advancements from both international and domestic companies, particularly in computational power [6]. - It emphasizes the importance of computational power as a key investment theme, focusing on overseas computational power, domestic computational power, and storage as three main lines of investment [6][9]. - The report notes that domestic AI models are reaching a dual inflection point in technology and commercialization, with a shift from parameter competition to efficiency and agent-based innovations [6]. Summary by Sections Overseas Computational Power - Google launched its Gemini 3.1 Pro model, achieving a significant increase in reasoning and coding capabilities, with test scores surpassing previous models [6]. - Companies like Lumentum and Coherent saw stock increases of 19.90% and 14.57% respectively, driven by better-than-expected orders [6]. - Nvidia's stock rose by 4.78% as it prepares to unveil a revolutionary AI chip at the upcoming GTC 2026 conference [6]. Domestic Computational Power - Domestic AI model companies performed well during the holiday period, with notable stock increases for companies like Zhizhu and MiniMax [6]. - The report mentions the successful launch of several new AI models by domestic companies, indicating a shift towards efficiency and commercialization [6]. - Key domestic chips have been adapted for new models, with significant support from various domestic computational platforms [6]. Storage Chips - The report notes stock increases for companies like SanDisk and Micron, driven by growing AI demand [6]. - Micron is investing $50 billion to expand its production capacity in response to increasing AI infrastructure needs [6]. - The report highlights the significant price increase for HBM4 chips, reflecting the inflationary effects of AI demand [6].

Core Insights - The 2026 Spring Festival Gala marked a significant shift with AI becoming the main attraction, integrating deeply into the event in unprecedented ways [1][11] Group 1: AI Application and Engagement - The core of this AI-driven event was the "Doubao" application from ByteDance, which played a crucial role as the exclusive AI cloud partner, contributing to both technical support and interactive segments [3][4] - "Doubao" launched a large-scale "Doubao New Year" campaign a week before the gala, featuring exciting lottery activities with over 100,000 high-tech prizes, including robots and electric vehicles, to engage the audience [3][4] Group 2: Technical Infrastructure - Behind the scenes, ByteDance's video generation model Seedance 2.0 was responsible for creating customized visual experiences for several performances, enhancing the overall viewer experience [6] - The AI server supply chain was led by Inspur Information, which provided high-performance servers equipped with NVIDIA H800 GPUs, crucial for supporting "Doubao" and the gala's high concurrency interactions [7] Group 3: Data and Content Supply - Hai Tian Rui Sheng, a leader in AI training data, supplied high-quality multimodal training data for "Doubao," while Visual China provided essential image and video content [9] - The marketing aspect was significantly supported by BlueFocus, which integrated "Doubao" into its marketing platform, facilitating AI-driven promotional activities for the gala [9] Group 4: Hardware and Software Collaboration - Zhongke Chuangda was designated as the sole system-level software partner for "Doubao," focusing on optimizing the AI's performance on various devices [8] - ZTE collaborated with "Doubao" to develop AI smartphones, while other companies provided essential components for AI-enabled devices, ensuring seamless integration of AI technology into consumer products [8]