豪鹏科技公告称，公司第二届董事会第十七次会议审议通过多项向特定对象发行A股股票相关议案。本 次发行股票数量不超2998.29万股，募集资金总额不超8亿元，用于储能电池建设等项目。发行对象不超 35名，限售期6个月。相关议案尚需提交公司股东会以特别决议方式审议通过，待深交所审核及中国证 监会同意注册。此外，会议还通过制定未来三年股东回报规划等议案，并决定于1月22日召开2026年第 一次临时股东会。 ...

Group 1 - The report indicates that geopolitical tensions, particularly the U.S. actions in Venezuela, are expected to boost oil and gold prices, while the impact on equity assets is manageable. Attention should be paid to the Federal Reserve chair nomination, liquidity, and the CES conference, with U.S. stocks showing signs of recovery. [4][12][13] - Domestic PMI for December showed a significant rebound, driven by new subsidies, major projects, and proactive real estate policies. The report anticipates a positive start for A-shares, supported by policy initiatives, increased capital inflow, and technological catalysts. [4][18][19] - The report emphasizes a focus on technology and cyclical industries, particularly in sectors like commercial aerospace, robotics, AI, and semiconductors, as well as lithium batteries, non-ferrous metals, and chemicals. [4][20] Group 2 - The report lists the top ten stocks for January, including companies from various sectors such as electronics, automotive, and healthcare, with no specific ranking provided. [5][10] - Semiconductor company SMIC (688981.SH) is highlighted as a leader in integrated circuit manufacturing, with a projected revenue growth from 574.77 billion to 742.45 billion from 2024 to 2026, reflecting its critical role in the industry. [21][22] - Tianfu Communication (300394.SZ) is noted for its strong revenue growth driven by high-speed optical module demand, with a forecasted revenue increase from 57.33 billion to 106.87 billion from 2025 to 2027. [23][26] - New energy company Haopeng Technology (001283.SZ) is focusing on AI applications and has begun mass production of AI-related products, with projected net profits increasing from 2.47 billion to 5.50 billion from 2025 to 2027. [44][46] - Zhongmin Resources (002738.SZ) is expanding its lithium salt production capacity and has significant projects underway, with revenue expectations of 56.91 billion to 97.27 billion from 2024 to 2026. [48][52] - China Aluminum (601600.SH) reported a revenue increase of 13.95% in Q1 2025, with a focus on improving cash flow and reducing debt levels, indicating a strong operational performance. [54][56]

Core Insights - The report highlights the performance of stock recommendations from various brokerages, with 10 brokerages achieving over 50% returns in 2025, showcasing their ability to identify and recommend stocks early in the market cycle [2][3]. Group 1: Brokerage Performance - The highest cumulative return was achieved by Guoyuan Securities at 83.73%, followed by Northeast Securities and Kaiyuan Securities with returns of 67.47% and 67% respectively [2]. - Other brokerages such as Dongxing Securities, Huaxin Securities, and China Merchants Securities also reported returns exceeding 60%, while Everbright Securities, Dongguan Securities, Guotai Junan, and Changcheng Securities had returns above 50% [2]. Group 2: Stock Selection Strategy - The success of these brokerages is attributed to their strategy of identifying stocks at low points and consistently recommending them, which has led to significant gains [4][5]. - For instance, Kaiyuan Securities recommended Xinyisheng for four consecutive months, resulting in a total increase of 440% from May to August [6]. Group 3: Popular Stocks - Tencent Holdings emerged as the most recommended stock, being favored by around seven brokerages each month, making it the most popular stock of the year [7]. - The report indicates that the most popular stocks varied throughout the year, with technology stocks dominating in the first quarter, consumer stocks in the second, financial stocks in the third, and a return to technology stocks in the fourth quarter [7].

Core Insights - The article highlights the performance of brokerage firms' recommended stocks, known as "golden stocks," which have achieved over 50% returns in 2025, with some firms excelling by identifying and recommending stocks early in their upward trends [1][3]. Group 1: Performance of Golden Stocks - As of December 29, 2025, 10 brokerage firms' golden stock portfolios recorded returns exceeding 50%, with the highest being 83.73% from Guoyuan Securities [3]. - Other notable performers include Northeast Securities and Kaiyuan Securities, with returns of 67.47% and 67%, respectively [3]. - The golden stock strategy has become a mature business for many brokerage firms, showcasing their research capabilities and market insights [3]. Group 2: Strategies for Success - Early identification of stocks at low prices and consistent recommendations have been key strategies for achieving high returns [4]. - For instance, Kaiyuan Securities recommended Xinyisheng for four consecutive months, resulting in a total increase of 440% from May to August [5]. - Guoyuan Securities focused on sectors like media, pharmaceuticals, and machinery, with significant monthly gains from stocks like Giant Network and JiBit [4]. Group 3: Popularity of Tencent - Tencent Holdings emerged as the most recommended stock, being favored by around seven brokerage firms monthly, making it the top "golden stock" of the year [2][6]. - The popularity of stocks varies by quarter, with technology stocks dominating in the first quarter, consumer stocks in the second, financial stocks in the third, and a return to technology stocks in the fourth quarter [6]. Group 4: Market Trends and Recommendations - The article notes that not all popular stocks achieve high success rates, with less than 40% of the most recommended A-share stocks showing gains in the same month they were recommended [7].

Core Viewpoint - Haopeng Technology is focusing on AI and has a clear profitability inflection point due to product upgrades and strategic resource allocation in high-voltage positive electrode fields [1] Group 1: Business Strategy - The company is actively promoting product upgrades and shifting its business focus towards emerging AI edge scenarios, which is expected to lead to simultaneous increases in volume and price, opening a second growth curve [1] - Haopeng Technology is enhancing its presence in the robotics sector, embracing AI+ and establishing a clear growth path [1] Group 2: Technological Advancements - The company is leveraging its strong technical reserves to transform into AI edge projects, collaborating with several leading brands, and has begun mass production of new products, resulting in improved order visibility [1] - The proportion of high-end AI products is increasing, which may optimize the company's profitability structure [1] Group 3: Performance Outlook - Given the deep technical reserves and the mass production of AI edge projects, the company has a clear performance inflection point and maintains a "buy" rating [1]

Core Viewpoint - The report from Huaxin Securities indicates that Haopeng Technology is focusing on AI+ and has a clear profit inflection point, with a strategic shift towards high-value-added products and emerging applications in AI and computing infrastructure [1] Group 1: Business Strategy - The company is actively upgrading its products towards high-value areas, investing in high-voltage positive electrodes, silicon-based negative electrodes, stacked steel shells, and solid-state batteries [1] - The business focus is gradually shifting from traditional consumer electronics to AI edge and computing infrastructure, which is expected to lead to simultaneous increases in product volume and price, opening a second growth curve [1] Group 2: Technological Advancements - The company is strengthening its technological barriers in energy density, safety, and reliability, with solid technical reserves in solid-state batteries and stacked steel shells [1] - Multiple AI edge projects have entered the initial production phase, enhancing order visibility and driving revenue growth [1] Group 3: Market Position and Growth Potential - The company has established deep partnerships with several leading global AI edge technology brands, with new products entering mass production [1] - The increasing proportion of high-end AI products is expected to continuously optimize the overall profit structure [1] - Given the strong technical reserves and the clear growth path in the AI+ sector, the company maintains a "buy" rating [1]

Investment Rating - The report maintains a "Buy" rating for the company [2][6]. Core Insights - The company is focusing on AI+ strategies, indicating a clear turning point in profitability as it shifts its product offerings towards high-value areas such as high-voltage positive electrodes, silicon-based negative electrodes, stacked steel shells, and solid-state batteries [3]. - The company is transitioning its business focus from traditional consumer electronics to emerging applications in AI edge computing and computing infrastructure, which is expected to drive both volume and price increases, opening a second growth curve [3]. - The AI edge applications are progressing well, with products like AI glasses, AI headphones, AI toys, AI servers, and robots entering mass production, which is anticipated to lead to significant revenue growth as market penetration increases [4]. - The company has entered the data center BBU core supply chain, capitalizing on the growing global demand for AI computing and high-end backup power sources, which presents a substantial market opportunity [5]. Financial Projections - The company forecasts net profits of 247 million, 397 million, and 550 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.47, 3.97, and 5.50 yuan [6][10]. - The current stock price corresponds to a PE ratio of 28, 18, and 13 for the years 2025, 2026, and 2027 respectively, reflecting the company's strong technical foundation and the clear profitability turning point [6].

Group 1 - The 2025 China Rare Earth Industry Association Hydrogen Storage Materials Sub-Committee and Industrial Technology Development Seminar was held in Huizhou, focusing on the theme of "Collaborative Hydrogen Storage Industry Ecosystem, Building a New Quality Future with AI" [1] - The chairman of Haopeng Technology emphasized the company's strategic positioning as a "leader in energy for consumer AI endpoints," highlighting their systematic layout in silicon-carbon anodes, steel shell stacking, and solid-state battery technologies to address energy demands in emerging sectors like AI smart glasses and robotics [1] - Haopeng Technology aims to develop high-integration system packaging capabilities and customized solutions to tackle core issues in energy supply for next-generation smart hardware, while maintaining a deep partnership with leading global brands from the design phase [1] Group 2 - Huizhou's transportation network is well-developed, with multiple highways, an efficient airport, and high-speed rail connections, facilitating quick access to the Greater Bay Area [2] - The Huizhou District has established a modern industrial system focusing on new energy, intelligent equipment manufacturing, and service industries, with a new energy storage industry cluster expected to generate an annual output value of 23 billion yuan [2] - The district is committed to optimizing the business environment and supporting the development of strategic emerging industries like hydrogen storage materials, inviting companies to establish operations in the area [2] Group 3 - The conference served as an important platform for collaborative innovation among industry, academia, and research, clarifying the development path for AI-enabled hydrogen storage industries [3] - Attendees expressed their commitment to using the conference as a catalyst to promote high-quality development in the hydrogen storage industry and support the transition to green energy [3]

深圳证券交易所： 世纪证券有限责任公司（以下简称"世纪证券"或"保荐机构"）根据《深 圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等相关法律、法规 和规范性文件的规定，对深圳市豪鹏科技股份有限公司（以下简称"豪鹏科技" 或"公司"）进行了 2025 年度持续督导培训，报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：世纪证券有限责任公司 （七）培训内容：根据《证券发行上市保荐业务管理办法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等规则要求，重点向培训对象介绍了募集资金管理、关联交易、 内幕交易、资金占用、信息披露等相关规定，加深了公司董事、高级管理人员等 相关人员对相关法律法规、信息披露要求的理解。 二、上市公司的配合情况 世纪证券有限责任公司 关于深圳市豪鹏科技股份有限公司 2025 年度持续督导培训情况的报告 保荐机构在本次持续督导培训的工作过程中，公司积极予以配合，保证了培 训工作的有序进行，达到了良好效果。 三、本次持续督导培训的结论 保荐机构按照《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》的 ...

| 2.对外提供财务资助是否合法合规，并如实披露 | | √ | | --- | --- | --- | | 3.大额资金往来是否具有真实的交易背景及合理原因 | | √ | | 4.重大投资或者重大合同履行过程中是否不存在重大变化 | √ | | | 或者风险 | | | | 5.公司生产经营环境是否不存在重大变化或者风险 | √ | | | 6.前期监管机构和保荐人发现公司存在的问题是否已按相 | √ | | | 关要求予以整改 | | | | 二、现场检查发现的问题及说明 | | | | 无。 | | | （以下无正文） 世纪证券有限责任公司 关于深圳市豪鹏科技股份有限公司 2025 年度持续督导工作现场检查报告 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等有 关法律法规的要求，世纪证券有限责任公司作为深圳市豪鹏科技股份有限公司 （以下简称"豪鹏科技"或"公司"）的持续督导机构，于 2025 年 12 月 18 日至 2025 年 12 月 19 日对豪鹏科技 2025 年度有关情况进行了现场检查，报告如下： | 保荐人名称：世纪证券有限责任公司 | 被保荐公司简称：豪鹏科技 | ...