Summary of Key Points from Conference Call Records Industry and Company Involved - The focus is on the **commercial aerospace industry** and **AI technology sector**, specifically highlighting **SpaceX** and its initiatives [1][2]. Core Insights and Arguments - **SpaceX's Progress**: SpaceX is actively advancing its IPO process and plans to integrate xAI into its business model. It has submitted an application to the FCC for a million AI satellites, aiming to create a satellite constellation for space computing power [1]. - **Collaboration with Apple**: SpaceX is collaborating with Apple to promote direct satellite connectivity for mobile phones, which is expected to expand the downstream applications in the commercial aerospace sector [1]. - **AI and AGI Development**: Major companies like Ant Group and Google are releasing world models, which are crucial for the advancement of Artificial General Intelligence (AGI). The integration of Large Language Models (LLM) and world models is anticipated to enhance AI's ability to understand and interact with the physical world [1]. Additional Important Content - **AI Traffic Competition**: Major companies are competing for AI traffic during the Spring Festival, with total investments exceeding 1.5 billion. The success of DeepSeek and subsequent promotions is setting a precedent for AI product marketing during the festival [2]. - **Future AI Product Promotion**: In 2026, various companies are expected to launch promotional subsidies, which may accelerate the adoption of Bot-type AI products and lay the groundwork for the commercialization of AI applications [2]. - **Investment Recommendations**: Continued optimism is expressed for the synergy between aerospace and AI. Key companies to watch include: - **AI Sector**: Haitai Ruisheng, Deepin Technology, Dingjie Zhizhi, Hehe Information, Guoneng Rixin, Zhongkong Technology, and Wanxing Technology [2]. - **Commercial Aerospace**: Focus on three main areas: - Rocket manufacturing materials and structural components (e.g., Guoji Jinggong) - Core components and testing services for satellites (e.g., Electric Science Digital, Suochen Technology) - Terminal and service-related companies in space computing and communication operations [2].

1月28日，素有"智能健康硬件第一股"之称的倍轻松（688793.SH）披露2025年年度业绩预告，公司业绩迎来大反转，从2024年的微盈状态陷入巨额亏损， 同比跌幅超900%。叠加营销费用高企、实控人涉嫌信披违规被立案调查等多重利空，这家曾经的便携按摩仪龙头企业正面临着上市以来的多重发展考 验，其市值较上市巅峰时期已缩水超八成，行业地位也岌岌可危。 业绩从微盈到巨亏 四年三度陷亏损泥潭 倍轻松的2025年业绩预告显示，公司2025年预计实现归母净利润亏损8400万元至1.05亿元，扣非净利润亏损7100万元至9200万元。而在2024年，公司还实 现了归母净利润1025.32万元，成功扭亏为盈，短短一年时间，业绩便从微盈转为巨亏，归母净利润同比跌幅超900%。 资料图。来源：倍轻松官网 对于业绩巨亏的原因，倍轻松解释称，受战略调整过渡期影响，公司营业收入较上年同期下降，进而带动毛利额下降；同时，经营端销售费用投入产出效 能未达预期，而固定支出和刚性成本短期内无法与营收规模实现同步压降，多重因素叠加下，最终导致利润大幅下滑。 事实上，此次业绩巨亏并非毫无预兆，而是公司经营承压的集中爆发。从季度数据来看，202 ...

"便携按摩器第一股"倍轻松（688793.SH）业绩再陷亏损。 2026年1月28日，倍轻松发布2025年业绩预告，预计2025年度实现归属于母公司所有者的净利润为亏损 8400万元至1.05亿元，较上年同期的盈利1025.32万元由盈转亏；扣除非经常性损益后的净利润预计为亏 损7100万元至9200万元，较上年同期的亏损327.69万元，亏损同比扩大。 值得留意的是，2024年，倍轻松曾短暂扭亏，但公司预计2025年重回亏损。从历年财报数据来看，这将 是倍轻松自2021年上市以来的第三次陷入年度亏损。 《中国经营报》记者留意到，面对困境，倍轻松自2024年开始将线下直营店面从纯销售产品形态转变 为"科技产品+速效按摩"的新模式，并于2025年第二季度推出"轻松一刻"健康管理品牌，以"智能设备 +人工手法+艾灸理疗"形成三位一体的按摩服务体系。然而，这些变革成效仍有待释放。 在二级市场上，投资者正用脚投票。截至2026年1月30日收盘，倍轻松股价收于22.36元/股，市值仅剩 19.22亿元，较上市初期缩水超80%。从百亿元市值的明星企业到如今再陷亏损，倍轻松的转型之路依 然道阻且长。 面对千亿按摩市场业绩预 ...

Group 1 - The small home appliance sector experienced a decline of 1.22% on January 30, with Hongzhi Technology leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] - Notable gainers in the small appliance sector included Fujia Co., which rose by 2.58% to a closing price of 18.68, and Rainbow Group, which increased by 1.92% to 23.33 [1] Group 2 - The small home appliance sector saw a net outflow of 123 million yuan from main funds, while retail investors contributed a net inflow of 105 million yuan [2] - Key stocks with significant fund flows included Feike Shiqi, which had a main fund net inflow of 8.34 million yuan, and Delmar, which saw a net inflow of 6.38 million yuan [3] - Conversely, Hongzhi Technology experienced a main fund net inflow of 739,500 yuan, but also had a significant retail net inflow of 610,200 yuan [3]

Core Viewpoint - The company Beiqing Song (688793.SH), known as the "first stock of smart health hardware," has reported a significant turnaround in its 2025 annual performance forecast, projecting a net loss of 84 million to 105 million yuan, a decline of over 900% compared to a slight profit in 2024, amid high marketing costs and an investigation into information disclosure violations involving its actual controller [1][2][5]. Financial Performance - The 2025 performance forecast indicates a net loss of 84 million to 105 million yuan, with a non-recurring net profit loss of 71 million to 92 million yuan, contrasting sharply with a net profit of 10.25 million yuan in 2024, marking a year-on-year decline of over 900% [2][4]. - In the fourth quarter of 2025, the projected net loss is between 18.27 million and 39.37 million yuan, significantly higher than the 284,660 yuan loss in the fourth quarter of 2024, indicating a worsening trend [2][4]. - For the first three quarters of 2025, the company reported approximately 552 million yuan in revenue, a substantial decrease of 34.07%, with a net profit loss of 65.63 million yuan, a year-on-year decline of 600.98% [4][5]. Marketing and Cost Structure - Marketing expenses remain high, accounting for nearly 60% of revenue, which has not effectively driven revenue growth and has instead compressed profit margins, contributing to the company's poor performance [6][7]. - In the first three quarters of 2025, the company spent approximately 316 million yuan on sales expenses, a reduction of 27.52% year-on-year, but this decline was insufficient compared to the 34.07% drop in revenue [6]. - The proportion of sales expenses to revenue was 57.32% in the first three quarters of 2025, indicating that for every 100 yuan of revenue, nearly 60 yuan was spent on sales, significantly higher than the industry average [6][7]. Governance and Regulatory Issues - The actual controller, Ma Xuejun, is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure, which has exposed internal control issues within the company [8][10]. - Ma Xuejun has been involved in long-term fund occupation issues, with a total of 12.08 million yuan occupied through various means, although the principal has been repaid [10][11]. - The company has received multiple regulatory inquiries and warnings due to internal control vulnerabilities and issues related to information disclosure accuracy [11].

1月29日，倍轻松（维权）跌0.09%，成交额3075.99万元。两融数据显示，当日倍轻松获融资买入额 271.87万元，融资偿还238.58万元，融资净买入33.29万元。截至1月29日，倍轻松融资融券余额合计 6909.14万元。 融资方面，倍轻松当日融资买入271.87万元。当前融资余额6909.14万元，占流通市值的3.64%，融资余 额低于近一年40%分位水平，处于较低位。 机构持仓方面，截止2025年9月30日，倍轻松十大流通股东中，宝盈核心优势混合A（213006）位居第 六大流通股东，持股170.00万股，持股数量较上期不变。 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 资料显示，深圳市倍轻松科技股份有限公司位于广东省深圳市南山区创业路1777号海信南方大厦19楼， 成立日期2000年7月5日，上市日期2021年7月15日，公司主营业务涉及公司是一家专注于健康产品创新 研发的高新技术企业,主要从 ...

一、本次解除冻结的进展情况 证券代码：688793 证券简称：倍轻松 公告编号：2026-003 深圳市倍轻松科技股份有限公司 关于股东部分股份解除冻结的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重大风险提示： 截至本公告披露日，公司实际控制人马学军先生所持有公司的 557,042 股股份已解除冻结。 本次解除冻结后，马学军先生所持公司股票已全部解除冻结，无被冻结 股份。 深圳市倍轻松科技股份有限公司（以下简称"公司"）于 2026 年 1 月 29 日发布公告，马学军先生持有公司的 557,042 股股份被广东省深圳市南山区人民 法院司法冻结，详情请参照公司在上海证券交易所网站（www.sse.com.cn）发布 的《关于股东部分股份被司法冻结及解除冻结的公告》（公告编号：2026-002） 公司于近日通过中国证券登记结算有限责任公司系统查询，获悉公司马学军 先生持有的被司法冻结的 557,042 股股份已解除冻结。本次解除冻结的股份占公 司总股本的比例为 0.65%，占实际控制人直接和间接控制公司股份的比例 ...

证券代码：688793 证券简称：倍轻松 公告编号：2026-002 深圳市倍轻松科技股份有限公司 关于股东部分股份被司法冻结及解除冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重大风险提示： 本次实际控制人马学军先生所持有公司部分股份被司法冻结，因合同纠 纷，申请人向法院提出财产保全马学军先生名下价值人民币 10,245,120 元的财 产,马学军先生所持有公司 32,235,281 股股份于 2026 年 1 月 26 日被司法冻结， 占公司总股本 37.51%。经与申请人及法院沟通，法院于 2026 年 1 月 27 进行部 分解除冻结，最终确定被冻结数量为 557,042 股，占公司总股本的比例为 0.65%， 占实际控制人直接和间接控制公司股份的比例合计为 1.31%。截至目前，公司实 际控制人马学军先生与申请人已达成和解，法院于 2026 年 1 月 27 日已裁定解除 对 557,042 股股份的冻结。目前正通过中国证券登记结算有限责任公司办理解冻。 本次实际控制人所持有的部分股份被司法冻结及法院已 ...

每经AI快讯，合合信息1月28日晚间发布公告称，公司于近日收到股东东方富海及东方富海二号出具的 《关于股份减持结果的告知函》，截至2026年1月27日，东方富海及东方富海二号通过集中竞价与大宗 交易方式累计已减持公司股份约390万股，占公司总股本的2.79%，本次减持时间区间届满。 （记者 王瀚黎） 每经头条（nbdtoutiao）——从极寒测试到万套装车！半固态电池今年有望搭载多款新车：各大厂商摩 拳擦掌，动力电池技术迎来迭代年 ...

南财智讯1月28日电，合合信息公告，公司持股5%以上股东东方富海（芜湖）股权投资基金（有限合 伙）及东方富海（芜湖）二号股权投资基金（有限合伙）于2025年11月6日至2026年1月27日期间，通过 集中竞价及大宗交易方式累计减持公司股份3,899,556股，占公司总股本的2.79%。本次减持计划时间区 间届满，未完成减持数量为300,444股。减持后，东方富海与东方富海二号合计持有公司股份6,533,874 股，占公司总股本的4.67%。 ...