消息面上，武汉凡谷2025年中报预告显示业绩预减，可能对公司短期市场表现带来一定影响。此外，公 司在职业教育领域也有所布局，但具体进展尚未披露。 资金流向方面，8月15日主力资金净流出1848.03万元，近五日累计净流出1.41亿元，显示短期资金呈现 流出态势。 风险提示：股市有风险，投资需谨慎。 截至2025年8月15日收盘，武汉凡谷股价报13.41元，较前一交易日上涨0.45%，成交额达2.39亿元。该 公司所属通信设备板块近期表现活跃，市场关注度有所提升。 武汉凡谷是一家专注于通信设备研发与制造的企业，业务涵盖毫米波技术等领域。公司当前总市值为 91.63亿元，流通市值68.51亿元。 ...

关于董事辞职的公告 根据《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》《公司章程》等相关规定，李张林女士的辞职不会导致公司董事会成员低 于法定最低人数，不会影响公司董事会正常运作和公司正常生产经营，其辞职报 告自送达公司董事会之日起生效。辞职生效后，李张林女士不再担任公司任何职 务。 截至本公告披露日，李张林女士未持有公司股份，其亦不存在应履行而未履 行的承诺事项。 公司董事会对李张林女士在任职期间为公司所作贡献表示衷心感谢！ 公司将尽快按照相关规定完成董事的补选工作。 证券代码：002194 证券简称：武汉凡谷 公告编号：2025-024 武汉凡谷电子技术股份有限公司 关于董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 武汉凡谷电子技术股份有限公司（以下简称"公司"）董事会于 2025 年 7 月 31 日收到公司董事李张林女士的书面辞职报告，李张林女士因个人原因申请辞 去所担任的公司董事及董事会战略委员会委员职务。李张林女士原定董事任期至 第八届董事会届满，即至 2027 年 1 月 11 日止。 特此公告。 武 ...

Investment Rating - The report maintains a "Recommend" rating for the communication industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [36]. Core Insights - The optical module industry has shown unexpected growth in the first half of 2025, with major companies reporting over 50% year-on-year profit increases, driven by the demand for 800G products [22][26]. - NVIDIA's H20 chip is set to re-enter the Chinese market, which is expected to enhance the domestic computing power supply chain and benefit related sectors such as IDC [19][17]. - The communication sector has outperformed the broader market indices, with a 7.56% increase in the past week, and a 17.82% increase year-to-date, significantly surpassing the performance of the CSI 300 index [9][10]. Summary by Sections Industry Overview - The communication industry consists of 123 listed companies with a total market capitalization of approximately 492.49 billion yuan [3]. - The sector's performance has been strong, with a year-to-date increase of 17.82%, outperforming the CSI 300 index by 14.67 percentage points [9]. Market Performance - The communication sector's absolute performance over the last month, six months, and twelve months stands at 8.7%, 18.6%, and 30.5%, respectively [4]. - The sector's PE-TTM is reported at 35.94, compared to 13.39 for the CSI 300 index [9]. Key Companies and Recommendations - Key recommendations include China Mobile, China Telecom, and China Unicom for operators; for optical modules, NewEase, Tianfu Communication, and Zhongji Xuchuang are highlighted [30]. - The report suggests monitoring companies like Aofei Data, Guanghuan New Network, and Runze Technology in the IDC sector due to the anticipated benefits from the H20 chip's market re-entry [19][30]. Optical Module Market - Major optical module suppliers in China have reported significant profit growth, with NewEase's net profit expected to increase by 327.68%-385.47% year-on-year [22]. - The demand for 800G and 1.6T products is driving the market, with expectations of continued growth in the coming quarters [26][24].

[Wuhan Fangu 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Wuhan%20Fangu%20Electronics%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) This report provides Wuhan Fangu's preliminary financial outlook for the first half of 2025, highlighting a significant expected decline in net profit [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a substantial year-on-year decrease in net profit for the first half of 2025, with a projected loss after non-recurring items 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 1.60 million – 2.07 million yuan | Profit: 29.91 million yuan | | Year-on-Year Change | Decrease: 93.08% – 94.65% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss: 7.32 million – 7.79 million yuan | Profit: 23.79 million yuan | | Year-on-Year Change | Decrease: 130.78% – 132.75% | - | | **Basic Earnings Per Share** | Profit: 0.0023 – 0.0030 yuan/share | Profit: 0.0438 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) This performance forecast is based on preliminary internal calculations and has not undergone pre-auditing by a certified public accountant - This performance forecast represents the company's preliminary calculation results and has not been audited by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The primary drivers for the expected profit decline include severe market competition leading to reduced gross margins and lower interest income - Despite a slight increase in RF device revenue, the company's gross profit margin significantly declined due to intensified market competition and customer-demanded price reductions[5](index=5&type=chunk) - Although the company implemented cost reduction and efficiency improvement measures, it could not fully offset the negative impact of significant product price reductions on profit[5](index=5&type=chunk) - Due to lower interest rates, interest income recognized in the current period decreased, further impacting net profit[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) The company clarifies that the forecast data is preliminary and advises investors to exercise caution, awaiting the final audited semi-annual report - This performance forecast data represents the preliminary calculation results from the company's finance department and is not final[7](index=7&type=chunk) - Specific financial data will be detailed in the company's 2025 semi-annual report[7](index=7&type=chunk) - The company advises investors to make cautious decisions and be aware of investment risks[7](index=7&type=chunk)

Group 1: Company Performance and Orders - The company is currently operating normally with rolling order demands [2] - The company will disclose its semi-annual performance in the upcoming semi-annual report [2] - In April and May, the company's operational status remained stable compared to the first quarter [2] Group 2: Market and Technology Developments - The global RAN market is expected to improve in 2025 after a prolonged downturn, with the company experiencing year-on-year growth in overseas sales in Q1 2025 [2] - The company has products that support 5.5G technology and is actively tracking developments in 5.5G and 6G technologies [2][3] Group 3: Investment Activities - The company invested RMB 100 million in Guangju Microelectronics Co., Ltd. on March 25, 2025 [3] - The company will fulfill its information disclosure obligations regarding the investment progress [3]

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，武汉凡谷电子技术股份有限公司（以下 简称"公司"）将参加由湖北证监局、湖北省上市公司协会与深圳市全景网络有 限公司联合举办的"2025年湖北辖区上市公司投资者集体接待日活动"，现将相 关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为2025年6月12日（星期四）14:00-16:40。届时公 司董事长贾雄杰先生、董事兼总经理李明先生、副总经理兼董事会秘书彭娜女士 将在线就公司2024年度业绩、公司治理、发展战略、经营状况等投资者关心的问 题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 关于参加湖北辖区上市公司 2025 年投资者网上集体接待日活动的公告 证券代码：002194 证券简称：武汉凡谷 公告编号：2025-022 武汉凡谷电子技术股份有限公司 关于参加湖北辖区上市公司 2025 年投资者 网上集体接待日 ...

| 002194 | 武汉凡谷 | 15.40 | 25.33 | 3.01 | | --- | --- | --- | --- | --- | | 920016 | 中草香料 | 29.25 | 25.31 | 2.99 | | 871396 | 常辅股份 | 48.15 | 25.29 | -3.31 | | 002862 | 实丰文化 | 21.23 | 25.18 | 2.02 | | 002136 | 安纳达 | 12.58 | 25.17 | -10.01 | | 000510 | 新金路 | 5.80 | 25.09 | -7.50 | | 600476 | 湘邮科技 | 18.55 | 25.07 | -3.13 | | 301665 | 泰禾股份 | 31.22 | 24.97 | -5.62 | | 301598 | 博科测试 | 65.30 | 24.83 | 5.32 | | 839719 | 宁新新材 | 15.15 | 24.82 | -7.23 | | 300240 | 飞力达 | 9.33 | 24.54 | 4.83 | | 920002 | 万达轴承 | 201.77 | ...

Market Overview - The Shanghai Composite Index fell by 0.05%, the Shenzhen Component Index decreased by 0.41%, and the ChiNext Index dropped by 0.80% on May 26, with a total market turnover of 1,033.9 billion yuan, a decrease of 148.7 billion yuan from the previous day [1] - Nearly 3,800 stocks rose, with sectors such as controlled nuclear fusion, gaming, and beverage manufacturing leading the gains [1] Stock Performance - A total of 62 stocks hit the daily limit, with 10 stocks on consecutive limit-up days, and 23 stocks failed to hit the limit, resulting in a limit-up rate of 73% (excluding ST and delisted stocks) [3] - Notable stocks include: - Super Control Holdings with 16 consecutive limit-up days - Ha Welding Technology with 20% limit-up on two consecutive days - Suzhou Longjie with 12 limit-up days in 8 days [3] Key Stocks and Transactions - Wuhan Fanggu achieved a limit-up with a turnover of 1.244 billion yuan and a turnover rate of 16.75%, with net purchases from the Shenzhen Stock Connect special seat amounting to 86.06 million yuan [6][10] - Hongbo Co. also reached a limit-up with a turnover of 2.737 billion yuan and a turnover rate of 33.82%, with institutional net selling of 47.87 million yuan [15][16] - Kaimeite Gas hit a limit-up with a turnover of 1.318 billion yuan and a turnover rate of 19.02%, with institutional net purchases of 49.61 million yuan [20][21] Institutional Activity - The top three net purchases by institutions on the day were Wuhan Fanggu, Hongbo Co., and Kaimeite Gas, with net purchases of 194 million yuan, 170 million yuan, and 164 million yuan, respectively [6] - The top three net sales by institutions were Zhongzhou Special Materials, Snowman Co., and New World, with net sales of 104 million yuan, 92 million yuan, and 86 million yuan, respectively [7] Sector Highlights - The controlled nuclear fusion sector showed strong performance, with multiple stocks achieving significant gains [3] - The gaming sector also saw notable activity, contributing to the overall market performance [1] Summary of Key Stocks - Star Technology reached a limit-up with a turnover of 1.327 billion yuan and a turnover rate of 11.86%, with institutional net purchases of 59.82 million yuan [25] - Baobian Electric achieved a limit-up with a turnover of 1.266 billion yuan and a turnover rate of 7.41%, with net purchases from the Shanghai Stock Connect special seat amounting to 26.30 million yuan [25][29]

Market Overview - On May 26, A-shares showed mixed performance with a total market turnover of 1.03 trillion yuan, a decrease of over 140 billion yuan compared to the previous Friday [1] - Most industry sectors experienced gains, particularly gaming, power equipment, electric grid equipment, cultural media, jewelry, and communication services [1] Fund Flow Analysis - The main funds experienced a net outflow of 7.527 billion yuan, with eight industries seeing net inflows [1] - The media industry led with a net inflow of 956 million yuan, followed by light manufacturing, banking, environmental protection, and coal industries with net inflows of 489 million yuan, 299 million yuan, 258 million yuan, and 134 million yuan respectively [1] - In contrast, the automotive industry had the highest net outflow at 2.051 billion yuan, with the electric power equipment and pharmaceutical industries also seeing significant outflows exceeding 1 billion yuan [1] Individual Stock Performance - Among individual stocks, 26 stocks had net inflows exceeding 100 million yuan, with eight stocks surpassing 200 million yuan [2] - Wuhan Vanguards saw a net inflow of 511 million yuan, closing at the daily limit, while Hongbo shares had a net inflow of 473 million yuan, also closing at the daily limit [2][3] - The top stocks by net inflow included Wuhan Vanguards (5.11 billion yuan), Hongbo shares (4.73 billion yuan), and Kaimeteqi (4.12 billion yuan) [3] Significant Outflows - A total of 34 stocks experienced net outflows exceeding 100 million yuan, with 13 stocks seeing outflows of 200 million yuan or more [4] - BYD had the largest net outflow at 1.058 billion yuan, followed by Huibo Yuntong, Ningde Times, and Dongfang Fortune, each with outflows exceeding 300 million yuan [4][5] Tail-End Fund Flow - At the end of the trading day, the main funds had a net inflow of 1.24 billion yuan, with mechanical equipment, electronics, communication, light manufacturing, food and beverage, and computer industries all seeing inflows exceeding 100 million yuan [6] - Notable stocks with significant tail-end inflows included Hongbo shares and Yinzhijie, both exceeding 100 million yuan [6][7]

Group 1 - The communication index increased by 0.73% as of May 26, 2025, with notable stock performances from Wuhan Fangu, Yongding Co., Wanma Technology, Haige Communication, and Shenglu Communication [1] - The communication ETF (159695) rose by 0.88%, with a 3.09% increase over the past month, ranking first among comparable funds [1] - The communication ETF recorded a trading volume of 1.0157 million yuan during the session, with an average daily trading volume of 8.9962 million yuan over the past year [4] Group 2 - The communication ETF's scale grew by 13.1801 million yuan in the past six months, leading in growth among comparable funds [4] - The ETF's shares increased by 13 million units in the last six months, also ranking first in new share growth among comparable funds [4] - The Ministry of Industry and Information Technology plans to accelerate the development of 5G-A and 6G technologies, enhancing modern industrial systems [4] Group 3 - The top ten weighted stocks in the communication index include China Telecom, ZTE, China Mobile, and China Unicom, accounting for 58.92% of the index [4] - Investors can access opportunities in optical communication under the AI transformation through the communication ETF linked fund (019072) [4]