证券日报网讯12月10日晚间，福晶科技（002222）发布公告称，公司于近日收到控股股东物构所出具的 书面告知函及《简式权益变动报告书》，物构所于2025年12月1日至12月9日通过集中竞价交易减持275 万股，减持后持股比例由20.58%降至20.00%，触及5%整数倍。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司是否有能力制造RMS≤0.1nm，PV≤1nm的超光 滑反射镜？ 福晶科技（002222.SZ）12月11日在投资者互动平台表示，尊敬的投资者，您好！公司目前最高光学加 工精度可以做到＜0.1nm RMS（平面光学元器件），谢谢！ （记者 曾健辉） ...

Investment Rating - The investment rating for the company is "Buy" [5]. Core Insights - The company maintains a solid position in its traditional business, with significant R&D investments yielding fruitful results. It is the largest global producer of LBO and BBO crystals and components, holding the number one market share globally. The precision optical products segment has achieved mass production of new prism gratings for high-speed optical network dynamic control modules, with performance metrics reaching international advanced levels, making it a key supplier for leading domestic and international companies [1][5]. - The company has targeted high-end laser device markets to address the bottleneck of imported core components, successfully breaking the monopoly of foreign suppliers with its self-developed acousto-optic and magneto-optic devices. In the first three quarters of 2025, the company achieved revenue of 842 million yuan, a year-on-year increase of 26.62%, and a net profit attributable to the parent company of 218 million yuan, up 29.75% year-on-year, with Q3 2025 marking record highs for both revenue and profit [1]. - The company’s subsidiary, Zhiqi Photonics, has made significant progress in the ultra-precision optical field, achieving a revenue of 49.05 million yuan in the first half of 2025, a year-on-year increase of 73.66%, and successfully turning a profit. The company is well-positioned to capitalize on future opportunities in ultra-precision optics [2][3]. Financial Projections - Revenue projections for the company are estimated at 1.115 billion yuan for 2025, 1.339 billion yuan for 2026, and 1.503 billion yuan for 2027, with corresponding net profits of 302 million yuan, 406 million yuan, and 494 million yuan respectively. The company is expected to see steady growth across its various business segments [3][4]. - The projected growth rates for revenue are 27.3% in 2025, 20.1% in 2026, and 12.2% in 2027, while net profit growth rates are expected to be 38.0% in 2025, 34.6% in 2026, and 21.6% in 2027 [4]. Key Data - The company’s earnings per share (EPS) is projected to be 0.64 yuan in 2025, 0.86 yuan in 2026, and 1.05 yuan in 2027. The price-to-earnings (P/E) ratio is expected to decrease from 99.9 in 2025 to 61.0 in 2027, indicating improving valuation metrics [4][10]. - The company’s return on equity (ROE) is projected to improve from 17.8% in 2025 to 20.8% in 2027, while the gross profit margin is expected to stabilize around 56.5% in 2025 and 56.7% in 2027 [10].

Group 1 - The company maintains a strong position in its traditional business, being the largest global producer of LBO and BBO crystals and components, with a market share of 1st globally [1] - In the precision optics sector, the company has achieved mass production of new prism gratings for dynamic control modules in high-speed optical networks, reaching international advanced performance levels [1] - The company has successfully developed self-researched acousto-optic and magneto-optic devices, breaking the monopoly of foreign suppliers in the laser device market [1] Group 2 - The subsidiary, Zhiqi Photon, focuses on ultra-precision optics, planning to develop and manufacture optical components for high-end applications in analysis instruments, detection equipment, and life sciences [2] - Zhiqi Photon reported revenue of 49.05 million yuan in H1 2025, a year-on-year increase of 73.66%, and achieved profitability, indicating positive future prospects in ultra-precision optics [2] - The company has extensive experience in the field of Yttrium Vanadate (YVO4) crystals, being one of the first to research and achieve mass production, positioning itself well in the OCS market [2] Group 3 - Revenue projections for the company are estimated at 1.115 billion yuan in 2025, 1.339 billion yuan in 2026, and 1.503 billion yuan in 2027, with net profits expected to be 302 million yuan, 406 million yuan, and 494 million yuan respectively [3] - The company is expected to see steady growth across its various business segments, with positive developments in ultra-precision optics from its subsidiary Zhiqi Photon [3]

Key Points - Yonghui Supermarket's stock may face significant decline risks after a short-term surge [1] - Fuzhijing Technology's actual controller reduced holdings by 1.0429 million shares during abnormal stock fluctuations [1] Investment Projects - Ninghu Expressway plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern connection project [1] - China Shipbuilding Special Gas plans to invest approximately 870 million yuan to build an annual production facility for 3,383 tons of high-purity hydrogen sulfide and other electronic gases [1] Contract Wins - Jicheng Electronics won contracts totaling approximately 215 million yuan for multiple State Grid projects [1] - Beixin Road and Bridge secured a 180 million yuan engineering project [1] - Beijing Kerui won a 498 million yuan State Grid project [1] Equity Acquisitions - Blues Technology intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [1] - Daon Co. plans to acquire 80% of Ningbo Aisikai [1] - Alibaba Travel Investment intends to subscribe for 20% equity in Zhongxin Youyou through a 55% stake in Hangzhou Aixin [1] Share Buybacks - Xingyu Co. plans to repurchase shares with an investment of 200 million to 300 million yuan [1]

Group 1 - Dingyang Technology has launched the SPB3000X series source load simulator, which includes three models: SPB3100X, SPB3200X, and SPB3300X, featuring high precision, low ripple noise, and fast transient response [1] - Ningbo Huaxiang plans to acquire 40% of Fengmei Power's equity from SAIC Volkswagen, with the total acquisition involving 100% equity [2] - ST Jiaotou will implement a capital reserve conversion to increase share capital, with a total of 267 million shares to be converted [3] Group 2 - Century Huatong's subsidiary Guosheng Capital holds 19.5887 million shares of Moer Thread, accounting for 4.8968% of the total share capital before the IPO [4] - Meidike intends to introduce strategic investors to its subsidiary, with an investment of 200 million yuan at a pre-investment valuation of 2.18 billion yuan [5] - Baiyun Airport reported a 12.58% year-on-year increase in passenger throughput in November, totaling 7.3228 million passengers [6] Group 3 - Shengda Resources' subsidiary Honglin Mining has received approval for a three-month extension for trial production [7] - ST Yigou's subsidiary Suning International is expected to increase net profit by approximately 992 million yuan from the sale of eight subsidiaries [8][9] - Huayi Brothers reported overdue debts totaling 52.5 million yuan, exceeding 10% of its audited net assets for 2024 [10] Group 4 - Wanshun New Materials plans to acquire 100% of Eurofoil Luxembourg for 12.3889 million euros, enhancing its aluminum foil production capabilities [11] - Wuhan Tianyuan's subsidiary plans to invest approximately 600 million yuan in two energy storage projects [12] - Maike Biological's subsidiary has received a product registration certificate for a new automatic cell morphology analyzer [13] Group 5 - CATL intends to register for the issuance of bonds not exceeding 10 billion yuan, primarily for project construction and working capital [14] - Yuntianhua plans to acquire 100% of Tianyao Chemical for 36.8858 million yuan, enhancing its fine phosphorus chemical product line [15] - Fucheng Technology's controlling shareholder has reduced its stake by 1.0429 million shares [16] Group 6 - Zhili Fang plans to reduce its stake by up to 1.2% of the company's total shares [17][18] - Qianzhao Optoelectronics' chairman intends to reduce his stake by up to 0.02% [19] - Sanmu Group's subsidiary plans to sell 75 office properties for 24.1068 million yuan [20] Group 7 - Zhuangyuan Pasture's director plans to reduce his stake by up to 3% of the company's total shares [21] - Chongqing Pharmaceutical's subsidiary has signed a licensing agreement with Pfizer, potentially earning up to 50 million USD in milestone payments [22] - Yongqing Environmental Protection's shareholder plans to reduce its stake by up to 1% [23] Group 8 - Lens Technology plans to acquire 100% of PMG International Co., Ltd., enhancing its capabilities in server cabinet business [24] - Xinbang Pharmaceutical is facing prosecution for alleged unit bribery, but its control remains unchanged [25] - Meian Health's shareholders plan to reduce their stake by up to 3% of the company's total shares [26] Group 9 - Central Plaza's subsidiary has decided to suspend operations due to ongoing operational difficulties [27] - Dawn Co. plans to acquire 80% of Ningbo Aisikai for 516 million yuan, including the transfer of related patents and technologies [28] - Kweichow Moutai will distribute over 30 billion yuan in cash dividends based on its 2025 mid-term profit distribution plan [29] Group 10 - Baiyun Airport has received approval from the CSRC for a stock issuance to specific targets [29] - Zai Sheng Technology reported that revenue from aerospace-related products will account for less than 0.5% of its total revenue in 2024 [30]

今日关注 美联储降息25个基点。 财政部拟发行7500亿元到期续作特别国债。 11月CPI同比上涨0.7%。 沐曦股份披露首次公开发行股票并在科创板上市发行结果，网上20349股遭弃购。 2.财政部将于12月12日开展2025年到期续作特别国债发行。财政部有关负责人就此接受采访表示，2025年到期续作的7500亿元特别国债将在全国银行间债 券市场面向有关银行定向发行，期限品种包括10年期4000亿元、15年期3500亿元。发行过程不涉及社会投资者，个人投资者不能购买。2025年到期续作特 别国债是原特别国债的等额滚动发行，仍与原有资产负债相对应，不增加财政赤字。 3.12月10日，国家统计局公布数据显示，11月份居民消费价格指数(CPI)同比上涨0.7%，涨幅扩大；扣除食品和能源价格的核心CPI同比上涨1.2%，涨幅连 续3个月保持在1%以上。同期，工业生产者出厂价格指数(PPI)环比上涨0.1%，连续两个月上涨；同比下降2.2%，降幅比上月扩大0.1个百分点。 4.12月10日，市场有传闻称，香港证监会、港交所于上周五(2025年12月5日)联名致函IPO保荐人，称旨在表达监管层对近期所递交的新上市申请中所 ...

Key Points - Yonghui Supermarket (601933.SH) may face significant downside risk after a large short-term price increase [2] - Fuzhijun Technology (002222.SZ) saw its actual controller reduce holdings by 1.0429 million shares during the period of abnormal stock fluctuations [2] - Ninghu Expressway (600377.SH) plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern approach project [2] - Jicheng Electronics (002339.SZ) won contracts totaling approximately 215 million yuan for multiple State Grid projects [2] - Lens Technology (300433.SZ) intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [2] - Xingyu Co., Ltd. (601799.SH) plans to repurchase shares with an investment of 200 million to 300 million yuan [2] - Zhuangyuan Pasture (002910.SZ) board member Ma Hongfu plans to reduce holdings by no more than 3% [2] - Ruili Kemi (001285.SZ) has received project designation from clients [3] - Guangliwei (301095.SZ) plans to establish a wholly-owned subsidiary in Singapore focused on application research and global sales [3]

美联储降息25个基点。 财政部拟发行7500亿元到期续作特别国债。 11月CPI同比上涨0.7%。 沐曦股份披露首次公开发行股票并在科创板上市发行结果，网上20349股遭弃购。 今日关注 重要的消息有哪些 1．国际货币基金组织（IMF）12月10日在京表示，尽管面临多重冲击，中国经济仍展现出显著韧性。IMF预 计2025年中国经济增速将达5%，较今年10月发布的《世界经济展望报告》上调0.2个百分点。 2．财政部将于12月12日开展2025年到期续作特别国债发行。财政部有关负责人就此接受采访表示，2025年到 期续作的7500亿元特别国债将在全国银行间债券市场面向有关银行定向发行，期限品种包括10年期4000亿元、 15年期3500亿元。发行过程不涉及社会投资者，个人投资者不能购买。2025年到期续作特别国债是原特别国债 的等额滚动发行，仍与原有资产负债相对应，不增加财政赤字。 3．12月10日，国家统计局公布数据显示，11月份居民消费价格指数（CPI）同比上涨0.7%，涨幅扩大；扣除 食品和能源价格的核心CPI同比上涨1.2%，涨幅连续3个月保持在1%以上。同期，工业生产者出厂价格指数 （PPI）环比上涨0 ...

Company News - Xinfeng Pharmaceutical is facing prosecution for alleged unit bribery, which may negatively impact its brand reputation and business development [2] - Muxi Co. reported that online investors abandoned the subscription of 20,349 shares, with a total value of approximately 2.13 million yuan [3] - Yonghui Supermarket is undergoing orderly store adjustments, with normal business operations [4] - Central Plaza has authorized management to implement a plan to suspend operations at its Xuzhou store due to ongoing operational difficulties [5] - Dongbai Group's largest shareholder reduced its stake by 2.98% on December 9 [6] - Lens Technology plans to acquire 100% of PMG International to enhance its capabilities in AI computing infrastructure [6] - CATL intends to register and issue bonds not exceeding 10 billion yuan for project construction and working capital [7] - Kweichow Moutai announced a mid-term dividend of 30 billion yuan for 2025, with the record date on December 18 [8] - Wuliangye approved a mid-term dividend of 10.007 billion yuan for 2025, with the record date on December 17 [9] - Century Huatong's subsidiary holds 1,958,870 shares of Moer Thread, which may significantly impact its Q4 net profit [10] - Huayi Brothers reported a debt default of 52.5 million yuan and plans to gradually exit and dispose of some assets [11] - Western Materials' second-largest shareholder reduced its stake by 7.13 million shares from March 5 to December 9 [12] - Guomin Technology plans to change its domestic accounting firm due to regulatory investigations involving its previous auditor [13] Investment & Contracts - China Shipbuilding Special Gas announced an investment of 870 million yuan to build a project for producing high-purity hydrogen sulfide and other electronic gases [14] - Daon Co. plans to acquire 80% of Ningbo Aisikai Synthetic Rubber Co. for 516 million yuan, enhancing its production capabilities [15] - Huasheng Co. intends to purchase 97.4% of AIDC's Yixin Technology for approximately 666 million yuan [16] - Wuhan Tianyuan's subsidiary signed an investment agreement for a total of about 600 million yuan in energy storage projects [17] Shareholding Changes & Buybacks - Qianzhao Optoelectronics' chairman plans to reduce his stake by up to 145,000 shares due to personal financial needs [18] - Zhuangyuan Ranch's major shareholder intends to reduce his stake by up to 3% [19] - Zhili Fang plans to reduce its stake by up to 1.20% [20] - Yingsite's major shareholder plans to reduce its stake by up to 2.22% [21] Operations & Performance - Hefei China reported a consolidated revenue of 628 million yuan for the first 11 months, a decrease of 26.02% year-on-year [22] Contracts & Project Wins - Jicheng Electronics won contracts totaling approximately 215 million yuan from the State Grid [23] Stock Price Fluctuations - Fuzheng Technology's stock experienced abnormal fluctuations, with its controlling shareholder reducing holdings by 1.0429 million shares [24] Other - Kaisheng New Materials has postponed the implementation of its lithium battery project due to market uncertainties [25]