经济观察网福晶科技（002222）(002222.SZ)在2026年2月13日出现逆市下跌，收盘报71.09元，跌幅 3.97%，而同日上证指数跌1.26%，光学光电子板块跌0.87%。下跌主要受控股股东减持压力、技术面回 调及板块情绪拖累，但资金面呈现主力净流入态势。 股票近期走势 股价与大盘背离：福晶科技当日振幅达4.73%，最低触及71.00元，成交额12.21亿元，换手率3.63%。其 所属的光学光电子板块整体下跌0.87%，电子板块微跌0.29%。 资金面分化：主力资金净流入6974.69万元，占总成交额5.71%，但游资和散户资金分别净流出3327.93 万元、3646.76万元，显示内部资金分歧。 股价异动原因 板块情绪拖累：尽管半导体设备板块逆势上涨0.14%，但光学光电子板块整体低迷，部分资金流向军 工、影视等防御性板块。 业绩经营情况 业绩稳健增长：2025年前三季度营收8.42亿元(同比+26.62%)，归母净利润2.18亿元(同比+29.75%)，毛 利率维持在52.81%。机构预测2025年净利润同比增29.33%至2.83亿元。 主力资金逆势布局：2月12日融资净买入2542.72 ...

内容概况：中国衍射光栅行业下游应用市场的蓬勃发展为国产衍射光栅提供了广阔舞台。2024年，中国 衍射光栅行业市场规模约为1.74亿元，同比增长5.45%。以5G、光纤通信为基础的数据海啸，正推动电 信领域对波长分复用（WDM）核心元件——衍射光栅的需求高速增长。同时，光谱仪（尤其在环境监 测、生物医药领域）作为传统最大应用市场，以及激光雷达（LiDAR）、AR/VR、量子技术等前沿领 域，均对高性能光栅产生了定制化、规模化的新需求。 相关上市企业：福晶科技（002222）、腾景科技（688195） 相关企业：成都光明光电股份有限公司、中国南玻集团股份有限公司、凯盛科技股份有限公司、戈碧迦 光电科技股份有限公司、洛阳玻璃股份有限公司、金晶科技股份有限公司、彤程新材料集团股份有限公 司、华懋（厦门）新材料科技股份有限公司、江苏南大光电材料股份有限公司、北方华创科技集团股份 有限公司、武汉锐科光纤激光技术股份有限公司、深圳太辰光通信股份有限公司 关键词：衍射光栅、衍射光栅市场规模、衍射光栅行业现状、衍射光栅发展趋势 一、行业概述 衍射光栅是一种基于光的衍射与干涉原理的光学元件，通过表面周期性结构（如等间距狭缝或反射 ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry, indicating an expectation of returns stronger than the market benchmark by over 5% [5]. Core Insights - Strong demand for computing power driven by AI applications is expected to continue, with significant investments from major cloud providers [8]. - The hardware supply-demand imbalance is spreading across various sectors, leading to price increases [8]. - New technologies such as CPO (Co-Packaged Optics) are anticipated to create additional demand [8]. Summary by Sections Investment Recommendations and Targets - Key investment targets include: - Semiconductor manufacturing: SMIC (688981, Buy), Hua Hong Semiconductor (01347, Buy) - Testing and packaging: Changdian Technology (600584, Buy), Tongfu Microelectronics (002156, Buy), and others [9]. - Server storage: Lianqi Technology (688008, Buy) - CPUs: Haiguang Information (688041, Buy), Longxin Technology (688047, Not Rated), and others [9]. - Passive components: Sanhua Group (300408, Buy), Fenghua Advanced Technology (000636, Not Rated) [9]. - Server manufacturing: Industrial Fulian (601138, Buy), Huaqin Technology (603296, Buy) [9]. - Analog and power chips: Naxin Micro (688052, Buy), Sierui Technology (688536, Not Rated), and others [9]. - Semiconductor equipment: Zhongwei Company (688012, Buy), Northern Huachuang (002371, Buy), and others [9]. - Optical devices/chips: Zhishang Technology (301486, Not Rated), Tianfu Communication (300394, Not Rated), and others [9]. AI Applications and Edge Computing - Key targets in edge AI applications include: - AI main control chips: Amlogic (688099, Buy), Hengxuan Technology (688608, Buy) - Edge storage: Zhaoyi Innovation (603986, Buy), Bawei Storage (688525, Buy) [10]. - Terminal manufacturers: Hikvision (002415, Buy), Luxshare Precision (002475, Buy), BYD Electronics (00285, Not Rated), and others [10]. - Core components for AI edge: Huanxu Electronics (601231, Buy), Sunny Optical Technology (02382, Buy), and others [10].

证券日报网讯2月6日，福晶科技（002222）在互动平台回答投资者提问时表示，公司具备高精度光学加 工能力，可以提供定制化光学元件，具体规格、指标根据客户需求协商确定。 ...

证券日报网讯2月6日，福晶科技（002222）在互动平台回答投资者提问时表示，截至2026年1月底，公 司合并普通账户和融资融券信用账户的股东数为54848户。 ...

Group 1 - The core product of the company is doped yttrium vanadate, which has been a significant offering for many years [2] - The company has been supplying this product in bulk to laser customers [2] - Some of the products are being exported overseas [2]

证券日报网讯2月6日，福晶科技（002222）在互动平台回答投资者提问时表示，公司根据业务布局和经 营计划有序推进研发项目，具体经营信息以公司定期报告或临时公告披露的信息为准。 ...

Summary of the Conference Call on AI Annual Report Analysis Industry Overview - The conference focused on the analysis and outlook of AI annual reports, particularly in the TMT (Technology, Media, and Telecommunications) sector, with a specific emphasis on domestic and international AI companies [1][2][4]. Key Points and Arguments General Market Sentiment - The period from October 31 to March is characterized as a performance vacuum, where the focus is on thematic investments rather than immediate earnings results [2][3]. - The spring market is expected to see a resurgence, with significant activity anticipated around March [3][4]. North American Companies - North American companies, particularly those involved in AI and cloud computing, have reported earnings that exceeded expectations, indicating strong capital expenditure in AI [4][6]. - Companies like Microsoft and Meta have shown robust spending on AI infrastructure, reflecting a positive outlook for the sector [4][6]. - Despite some domestic companies underperforming, their stock prices have rebounded, suggesting that market sentiment is more focused on thematic trends rather than immediate earnings [5][6]. Domestic AI Companies - Domestic AI companies are experiencing a supply-demand imbalance, with strong demand for AI-related products and services, despite some companies reporting earnings below expectations [6][7]. - The industry is characterized by a shortage of materials and components, which is driving prices up and creating a favorable environment for growth [6][7][10]. Future Growth Projections - There is a consensus that the growth trajectory for AI companies will continue to be strong, with expectations for significant growth in 2026 and beyond [8][9]. - Many companies are currently undervalued, trading at price-to-earnings (P/E) ratios between 15x to 20x, which presents a potential investment opportunity [8][9]. Specific Company Insights - Companies like Wan, Tianfu Communication, and others are highlighted for their potential despite recent earnings misses, as the overall industry outlook remains positive [4][6][7]. - The demand for GPUs and AI chips is expected to remain high, with domestic companies like Cambrian facing challenges but still showing potential for recovery [9][10]. Application and Innovation - The conference emphasized the importance of AI applications, particularly in gaming and media, with companies like Tencent and ByteDance leading the charge [14][15]. - The emergence of AI-driven applications is seen as a significant growth area, with expectations for increased investment and innovation in this space [14][15]. Regulatory and Market Concerns - There are concerns regarding potential regulatory impacts on the gaming industry, but these are largely viewed as unfounded and not likely to affect the overall market significantly [15][16]. - The market is currently experiencing volatility, but analysts suggest that this presents buying opportunities for fundamentally strong companies [21][22]. Additional Important Insights - The conference highlighted the importance of monitoring capital expenditure trends among major tech companies, as this will influence the demand for AI infrastructure and services [36][37]. - The potential for new technologies, such as diamond-based cooling materials for semiconductors, was discussed as a future growth area [24][25]. - Analysts recommend focusing on companies with strong fundamentals and growth potential, particularly in the AI and semiconductor sectors, as the market continues to evolve [22][23][39].

Mergers and Acquisitions - Dawn Co., Ltd. plans to acquire the plastic and engineering plastic compound business of Hwaseung Chemical Vietnam Co., Ltd. for a total purchase price of $15.737 million, with the final amount to be determined after auditing the target company's financial situation [1] - Guoneng Rixin intends to increase its stake in Sanas Zhihui (Qingdao) Electric Co., Ltd. from 20% to 31% through a combination of acquiring existing shares and cash capital increase, with a total investment of 17.625 million yuan [2] Shareholding Changes - Baodi Mining announced that six shareholders reduced their holdings by varying percentages, with reductions of 0.66%, 0.77%, 0.64%, 0.74%, 0.63%, and 0.92% respectively [3] - Fuzhijing Technology reported that the Chinese Academy of Sciences' Institute of Physics reduced its stake by 2%, totaling 9.405 million shares [4] - Huaxin Building Materials disclosed that its shareholder, Huaxin Group, increased its holdings by 0.74%, acquiring a total of 15.4687 million shares between January 12, 2026, and February 2, 2026 [5] Regulatory Matters - Dingxin Communications announced that its director and vice president, Yuan Zhishuang, received a notice of administrative penalty for selling shares and then repurchasing them within six months, facing a warning and a fine of 120,000 yuan [6]

A 股量子计算：政策与市场驱动下的实锤玩家图谱据光子盒公众号数据显示，2024 年全球量子计算产 业规模达 50.37 亿美元，预计 2030 年将激增至 2199.78 亿美元，2027-2029 年将成为关键爆发节点。在 国内，"十五五" 规划将量子科技列为战略产业，300 亿元专项研发资金落地，A 股企业已在量子计算全 产业链形成多点突破，从软件算法到核心硬件均涌现出具备明确技术与产品支撑的实锤参与者。 科大国创：量子软件领航者，生态协同筑壁垒作为源自中国科学技术大学的高科技企业，科大国创通过 "技术研发 + 资本参股 + 场景落地" 三重路径深度参与量子计算产业。在核心技术研发上，公司自主打 造 "九章" 量子编程框架，其量子化学模拟精度较 IBM 的 Qiskit 工具链高出 30%，还开发专用量子编程 语言 QCAML，技术实力获国际对标认可。 技术协同方面，科大国创与中科大共建智能计算联合实验室，参与 "祖冲之三号" 超导量子计算机的量 子纠错算法研发，实现前沿科研与工程化落地的无缝衔接。资本布局上，公司参股国仪量子 （2.75%）、本源量子（3.08%）等头部企业，构建 "科大系" 量子生态闭 ...