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长盛基金旗下长盛国企改革混合二季度末规模3.86亿元,环比增加5.72%
Sou Hu Cai Jing· 2025-07-19 08:54
数据显示,该基金近3个月收益率17.79%,近一年收益率34.88%,成立以来收益率为-56.3%。其股票持 仓前十分别为:生益科技、华丰科技、凌云股份、光迅科技、锐捷网络、华工科技、光明肉业、山推股 份、深南电路、上海机电,前十持仓占比合计47.49%。 天眼查商业履历信息显示,长盛基金管理有限公司成立于1999年3月,位于深圳市,是一家以从事资本 市场服务为主的企业。注册资本20600万人民币,法定代表人为胡甲。 来源:金融界 截至2025年6月30日,长盛基金旗下长盛国企改革混合(001239)期末净资产3.86亿元,比上期增加 5.72%,该基金经理为代毅。 简历显示,代毅先生:研究生,硕士,中国国籍。2010年7月加入长盛基金管理有限公司研究部,曾任行业研 究员、基金经理助理等职务。现任长盛城镇化主题混合型证券投资基金基金经理。曾任长盛动态精选证 券投资基金基金经理。2020年4月21日起担任长盛国企改革主题灵活配置混合型证券投资基金基金经 理。2019年05月22日至2020年05月27日任长盛同盛成长优选灵活配置混合型证券投资基金(LOF)基金经 理。曾任长盛生态环境主题灵活配置混合型证券投资基 ...
9家光模块上市公司披露上半年业绩预告 新易盛同比最高预增近4倍
news flash· 2025-07-18 13:32
Core Viewpoint - Nine listed companies in the optical module sector have disclosed their performance forecasts for the first half of the year, with significant year-on-year profit increases, particularly for New Yisheng, which expects a nearly fourfold increase in net profit [1] Group 1: Company Performance - New Yisheng anticipates a net profit increase of 328%-385% year-on-year, with a quarterly increase of 35.22%-67.01% [2] - Ruijie Network expects a year-on-year profit increase of 160%-232% and a quarterly increase of 172.79%-275.30% [2] - Zhongji Xuchuang forecasts a net profit of 3.6 billion to 4.4 billion yuan, with a year-on-year increase of 52.64%-86.57% [2] - Huagong Technology projects a net profit of 890 million to 950 million yuan, with a year-on-year increase of 42.43%-52.03% [2] - Guangxun Technology expects a net profit of 323 million to 407 million yuan, with a year-on-year increase of 55%-95% [2] - Xingwang Ruijie anticipates a net profit of 180 million to 240 million yuan, with a year-on-year increase of 43.81%-91.75% [2] - Cambridge Technology forecasts a net profit of 120 million to 128 million yuan, with a year-on-year increase of 50.12%-60.12% [2] - Guangku Technology expects a net profit of 48.56 million to 54.63 million yuan, with a year-on-year increase of 60%-80% [2] - Huilv Ecology anticipates a net profit of 36 million to 49 million yuan, with a year-on-year increase of 34.92%-83.64% [2] Group 2: Market Trends - The demand for high-speed optical modules has significantly increased, driven by the growth in data centers and AI technology [2] - Companies are benefiting from optimized product structures and increased customer demand in the computing power sector [2] - The overall performance of the optical module industry is being positively impacted by technological advancements and cost control measures [2]
海通证券晨报-20250718
Haitong Securities· 2025-07-18 02:46
Group 1: Strategy Overview - The overall growth in Q2 2025 still faces bottlenecks, but the performance improvement in emerging technologies and certain cyclical sectors is becoming clearer [2][11] - The pre-announcement of mid-year reports shows a pre-joy rate of 43.7% among 1,531 disclosed companies, lower than the past three years [11][12] - The cumulative profit growth for the entire A-share market and non-financial A-shares in the first half of the year is estimated at 1.0% and 1.2% respectively [11][12] Group 2: Industry Insights - Traditional economic sectors are improving slowly, with industrial enterprises experiencing a decline in accounts receivable turnover [3][12] - Emerging technologies are the main area for growth expectations, particularly in globally competitive industries [4][13] - Certain cyclical products, such as rare earths and small metals, are seeing price increases, while sectors like steel and construction materials are showing signs of performance improvement [4][13] Group 3: Company Focus - Guangxun Technology - Guangxun Technology's mid-year performance is expected to show a net profit of 3.23 to 4.07 billion yuan, representing a year-on-year growth of 55.00% to 95.00% [6][25] - The company has completed its stock incentive plan, which is expected to motivate employees and enhance future performance growth [7][25] - The target price for Guangxun Technology is maintained at 69.70 yuan, with a current price of 49.31 yuan, indicating a potential upside [25][26]
Grok4、KIMIK2发布,算力板块业绩预告亮眼
Shanxi Securities· 2025-07-17 10:43
通信 周跟踪(20250707-20250713) 领先大市-A(维持) 2025 年 7 月 17 日 行业研究/行业周报 通信行业近一年市场表现 行业动向: 1)Grok4 发布,xAI 宣称达到最新的 SOTA(最先进的模型) 资料来源:最闻 7 月 10 日,马斯克宣布推出 xAI 下一代大模型 Grok4,其推理能力相较于前 代提升了 10 倍,主要得益于 Grok4 推理的强化学习再度提升了 10 倍的计算量, 这意味着后训练和推理领域的 scalinglaw 仍在发挥作用。Grok4 在 HLE(人类最 后的考试)中成绩刷新新高,马斯克认为,Grok4 目前在所有学科都达到了博士 后的水平。应用方面,Grok4 的语音能力相较于上代速度快了 2 倍,在真实物理 世界执行复杂操作任务的能力大幅领先,被认为在编程、机器人训练、科学模拟、 前沿课题研究等领域可以实现更佳的效果。 相关报告: 【山证通信】山西证券通信行业周 2)Kimi 发布最新一代 MoE 模型 K2 并宣布开源,在自主编程、工具调用、 数学推理能力上表现大幅进步 跟踪:Coreweave 开启首批部署 GB300, 星网发展有望加速 ...
花旗:光迅科技_2025 年疲软业绩指引;估值过高;维持卖出评级
花旗· 2025-07-14 00:36
Investment Rating - The investment rating for Accelink Technologies is "Sell" with a target price of Rmb24.6, indicating an expected share price return of -46.7% [2][5]. Core Insights - Accelink Technologies expects a net profit growth of 55%-95% YoY for 1H25, with guidance of Rmb323 million to Rmb407 million, driven by strong optical transceiver demand and an improved product mix [1][4]. - The mid-point of the 2Q25 earnings guidance at Rmb215 million is slightly below expectations, suggesting potential downside risk to the share price, which is currently trading at a high valuation of 37x FY25 PE compared to peers at around high-teens [1][5]. - The valuation of Accelink is considered demanding due to lower profitability in the domestic transceiver market and relatively lower earnings growth compared to competitors like Innolight and Eoptolink [1][5]. Summary by Sections Earnings Guidance - For 2Q25, Accelink's net profit guidance is Rmb215 million, a 64% increase from Rmb131 million in 2Q24, while for 1H25, the guidance is Rmb365 million, a 75% increase from Rmb209 million in 1H24 [4]. Valuation - The target price of Rmb24.6 is based on a P/E multiple of 20.0x 2025E EPS, which is one standard deviation below the stock's five-year historical forward PER [5]. Market Capitalization - Accelink Technologies has a market capitalization of Rmb37,228 million (approximately US$5,196 million) [2].
通信行业周报:Grok4多模态问题分析能力增强,算力消耗倍增-20250713
Guoyuan Securities· 2025-07-13 12:44
Investment Rating - The report gives a "Recommended" rating for the telecommunications industry, considering the sustained high prosperity of the sector driven by AI, 5.5G, and satellite communications [2][5]. Core Insights - The overall market performance for the week (July 7-13, 2025) saw the Shanghai Composite Index rise by 1.09%, the Shenzhen Component Index by 1.78%, and the ChiNext Index by 2.36%. The telecommunications sector, represented by the Shenwan Communications Index, increased by 2.13% during the same period [2][11]. - Within the telecommunications sector, the highest increase was seen in the communication network equipment and devices, which rose by 4.16%, while the communication application value-added services had the lowest increase at 0.16% [2][14]. - Notable individual stock performances included Hengbao Co., which surged by 21.13%, followed by Changxin Bochuang at 19.84% and Shijia Photon at 14.85% [2][16]. Summary by Sections Market Overview - The telecommunications sector is experiencing a high level of prosperity, with significant contributions from advancements in AI and 5.5G technologies, as well as satellite communications [2][3]. - The report highlights a strong performance in the telecommunications sector, with a notable increase in stock prices across various sub-sectors [2][11]. Sub-sector Performance - The communication network equipment and devices sub-sector led the gains with a 4.16% increase, while other sub-sectors also showed positive trends [2][14]. - The report indicates a general upward trend across the telecommunications sub-sectors during the week [2][15]. Individual Stock Highlights - Hengbao Co. led the stock performance with a 21.13% increase, indicating strong market interest and potential investment opportunities [2][16]. - Other notable performers included Changxin Bochuang and Shijia Photon, reflecting a robust market environment for telecommunications stocks [2][16]. Future Focus Areas - The report suggests focusing on the computing power industry chain, particularly the upstream optical chip segment and the module segment, which are expected to benefit from the ongoing demand for AI and computing power [3].
光迅科技半年净利预增95% 首季研发费增55%牢铸技术护城河
Chang Jiang Shang Bao· 2025-07-08 22:52
Core Viewpoint - Guangxun Technology (002281.SZ) reported strong growth in its 2025 semi-annual performance forecast, with net profit expected to reach between 323 million to 407 million yuan, representing a year-on-year increase of 55% to 95% [1][2] Group 1: Performance Highlights - In the first half of 2025, Guangxun Technology's net profit is projected to be between 323 million to 407 million yuan, significantly up from 209 million yuan in the same period last year [2] - The company's net profit excluding non-recurring gains is expected to be between 311 million to 394 million yuan, with a growth rate of 50.47% to 90.84% [2] - Basic earnings per share are anticipated to be between 0.41 yuan to 0.51 yuan, a substantial increase from 0.27 yuan per share in the previous year [2] Group 2: Market Dynamics - The rapid expansion of global computing power investment, particularly in data centers, has driven a surge in demand for high-end optical devices and high-speed optical modules [2][3] - The global optical module market is expected to exceed 20 billion USD in 2025, with data center applications accounting for over 60% of this market [3] Group 3: R&D and Competitive Advantage - Guangxun Technology has established a professional R&D team of over 1,000 people, maintaining a high level of R&D investment at around 10% of its main business revenue over the past three years [4] - In Q1 2025, R&D expenses reached 231 million yuan, a significant increase of 55.14% year-on-year, representing 10.38% of total revenue [4] - The company has made breakthroughs in cutting-edge fields such as silicon photonics and CPO (Co-Packaged Optics), further solidifying its market position [3][4] Group 4: Employee Incentives - To attract and retain talent, Guangxun Technology has launched a stock incentive plan, proposing to grant up to 15.07 million restricted shares to no more than 985 eligible employees [5] - The plan includes 8 directors and senior management who will collectively receive 506,300 shares, accounting for 3.73% of the total grant [5] - Core technical and business personnel, totaling 977 individuals, will receive 13.05 million shares, representing a substantial 86.62% of the total grant [5]
7月8日早餐 | 存储巨头启动上市辅导;工业富联等业绩超预期
Xuan Gu Bao· 2025-07-07 23:59
Market Overview - US stock markets experienced a decline, with the Dow Jones down 0.94%, Nasdaq down 0.92%, and S&P 500 down 0.79%. Notable declines included Tesla at 6.79%, Apple at 1.69%, and Google A at 1.53%, while Amazon saw a slight increase of 0.03% [1] International Trade and Policy - The first wave of tax letters from Trump will affect 14 countries, including Japan and South Korea, with tax rates ranging from 25% to 40%, effective from August 1. The EU is reportedly close to reaching an agreement [2] - An EU spokesperson indicated that negotiations for a US-EU trade agreement have made progress, with a principle agreement expected [3] Company Developments - OpenAI is incurring high costs for talent retention, with equity compensation accounting for 119% of its revenue. Meanwhile, Meta is actively recruiting talent, with a senior AI executive from Apple set to join [4] - Samsung Electronics is expected to see a 39% decline in operating profit for Q2 due to weak AI chip sales [5] - Figure's CEO stated that humanoid robots are key to AGI and plans to deploy 100,000 units within four years [6] - Colin Murdoch, Chief Business Officer of Google DeepMind, announced that Isomorphic Labs, which designs drugs using AI, is preparing for its first human trials [7] Economic Forecasts - Goldman Sachs has revised its expectations for the Federal Reserve's interest rate cuts, now anticipating a potential cut in September, with a terminal rate of 3% to 3.25% [8] Domestic Industry Highlights DRAM Industry - Changxin Storage, a major domestic DRAM manufacturer, has initiated its IPO counseling, with a registered capital of 601.9 billion yuan and a valuation of 140 billion yuan. The success of Changxin and Yangtze Memory is expected to significantly impact the domestic semiconductor industry [11] Photovoltaic Industry - Major polysilicon manufacturers have raised prices for certain orders to 37 yuan per kilogram due to recent policy changes and industry self-discipline. The overall production of polysilicon is projected to increase, albeit at a limited rate [12] Petrochemical Industry - The price of butanone has risen by 4.54% to 8,267 yuan per ton, with a month-on-month increase of 28.51%. Supply disruptions due to maintenance at major production facilities are contributing to price increases [13] Automotive Components - A new mandatory national standard for passenger car brake systems will take effect on January 1, 2026, introducing new requirements for electric transmission brake systems and single-pedal braking [15] Company Earnings Forecasts - Industrial Fulian expects a net profit of 6.727 billion to 6.927 billion yuan for the first half of 2025, a year-on-year increase of 47.72% to 52.11%, driven by growth in cloud computing [16] - Rockchip anticipates a net profit of 520 million to 540 million yuan, a year-on-year increase of 185% to 195%, supported by AIoT product demand [17] - Loxin Technology projects a net profit of 250 million to 270 million yuan, a year-on-year increase of 65% to 78% [17] - China Power expects a net profit of 800 million to 1.15 billion yuan, a year-on-year increase of 68.28% to 141.90% [17]
光迅科技(002281) - 2025 Q2 - 季度业绩预告
2025-07-07 09:00
扭亏为盈 ☑同向上升 同向下降 | 项目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利:32,348 | 万元—40,696 | 万元 | 盈利:20,870 | 万元 | | | 比上年同期增长:55.00%—95.00% | | | | | | 扣除非经常性损 益后的净利润 | 盈利:31,112 | 万元—39,460 | 万元 | 盈利:20,677 | 万元 | | | 比上年同期增长:50.47%—90.84% | | | | | | 基本每股收益 | 盈利:0.41 | 元/股—0.51 | 元/股 | 盈利:0.27 | 元/股 | 证券代码:002281 证券简称:光迅科技 公告编号:(2025)036 武汉光迅科技股份有限公司 2025 年半年度业绩预告 本公司及董事会全体成员保证公告内容真实、准确和完整,没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 (一)业绩预告期间: 2025 年 1 月 1 日至 2025 年 6 月 30 日 (二)业绩预告情况 预 ...
中证国新国企人工智能主题指数下跌0.02%,前十大权重包含光迅科技等
Jin Rong Jie· 2025-07-04 14:44
Group 1 - The core index of the China Securities National New State-owned Enterprises Artificial Intelligence Theme Index (932359) closed at 2496.36 points, down 0.02%, with a trading volume of 24.788 billion [1] - Over the past month, the index has increased by 2.17%, but it has decreased by 3.98% over the last three months and by 3.73% year-to-date [1] - The index comprises 40 representative listed companies that provide technology, applications, and basic resources for artificial intelligence, selected from state-owned enterprises or companies with state capital participation [1] Group 2 - The top ten holdings of the index include: Zhongke Shuguang (11.03%), Hikvision (9.65%), China Software (7.85%), Guangxun Technology (6.77%), Baoxin Software (6.32%), Guangdian Yuntong (5.04%), Robot (4.9%), Zhongke Xingtai (4.79%), Inspur Information (4.77%), and Tongfang Co., Ltd. (3.46%) [1] - The market distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 55.04%, the Shenzhen Stock Exchange for 44.90%, and the Beijing Stock Exchange for 0.06% [2] - In terms of industry distribution, information technology constitutes 73.47%, communication services 18.00%, and industrial sector 8.53% [2] Group 3 - The index samples are adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [2] - Weight factors are adjusted in accordance with the regular sample adjustments, which occur at the same time as the sample adjustments [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or spin-offs [2]