Group 1 - The core point of the news is that Jicheng Electronics experienced a decline of 5.04% in stock price, reaching 11.69 yuan per share, with a trading volume of 643 million yuan and a turnover rate of 11.29%, resulting in a total market capitalization of 5.893 billion yuan [1] - Jicheng Electronics, established on August 10, 2000, and listed on January 22, 2010, is based in Jinan, Shandong Province. The company specializes in automation for power grids, including dispatch automation, substation automation, and power generation automation systems [1] - The revenue composition of Jicheng Electronics includes: 36.88% from distribution and utilization automation, 20.77% from substation automation, 18.63% from public utility automation, 13.70% from grid dispatch automation, 8.05% from evaluation services, and 1.97% from other products [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under GF Fund ranks among the top shareholders of Jicheng Electronics. The GF Quantitative Multi-Factor Mixed A Fund (005225) newly entered the top ten shareholders in the third quarter, holding 3.0877 million shares, accounting for 0.64% of circulating shares [2] - The GF Quantitative Multi-Factor Mixed A Fund (005225) was established on March 21, 2018, with a latest scale of 3.586 billion yuan. Year-to-date returns are 9.58%, ranking 2752 out of 8866 in its category; the one-year return is 66.13%, ranking 1144 out of 8126; and since inception, the return is 156.84% [2] - The fund managers of GF Quantitative Multi-Factor Mixed A are Yi Wei and Li Yuxin. Yi Wei has a tenure of 2 years and 209 days, with a total fund asset size of 4.013 billion yuan, achieving a best return of 88.37% and a worst return of -1.66% during his tenure [2]

Group 1 - The company disclosed a preliminary winning bid announcement on December 9, 2025, and a corresponding winning bid announcement on December 11, 2025 [2] - Contracts related to the winning bid are currently being signed, and there are no significant changes reported [2]

Market Performance - The grid equipment sector increased by 1.12% compared to the previous trading day, with Anke Zhidian leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Top Gainers in Grid Equipment Sector - Anke Zhidian (300617) closed at 43.99, up 11.20% with a trading volume of 207,700 shares and a transaction value of 906 million [1] - Zhongchao Holdings (002471) closed at 8.56, up 10.03% with a trading volume of 1,191,000 shares and a transaction value of 1.02 billion [1] - Sanbian Technology (002112) closed at 23.96, up 10.01% with a trading volume of 697,500 shares and a transaction value of 1.62 billion [1] Decliners in Grid Equipment Sector - Honglin Power (301439) closed at 17.16, down 3.00% with a trading volume of 210,000 shares and a transaction value of 363 million [2] - Kaifa Electric (300407) closed at 13.42, down 2.89% with a trading volume of 185,700 shares and a transaction value of 249 million [2] - Jiangsu Huachen (603097) closed at 35.20, down 1.95% with a trading volume of 90,600 shares and a transaction value of 326 million [2] Capital Flow Analysis - The grid equipment sector experienced a net outflow of 2.656 billion from institutional investors, while retail investors saw a net inflow of 1.903 billion [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Sanbian Technology (002112) had a net inflow of 296 million from institutional investors, but a net outflow of 118 million from retail investors [3] - Jicheng Electronics (002339) saw a net inflow of 226 million from institutional investors, with a significant net outflow of 103 million from retail investors [3] - Zhongchao Holdings (002471) had a net inflow of 215 million from institutional investors, but also faced a net outflow of 95 million from retail investors [3]

Group 1 - Huaming Equipment and China XD Electric reached new highs during trading [1] - Senyuan Electric, Hancable, and Guangdian Electric achieved three consecutive trading limit ups [1] - New Alliance Electronics, Hongsheng Huayuan, and Jicheng Electronics also saw stock price increases [1]

Group 1 - The company, Jicheng Electronics, announced that it will disclose the number of shareholders at the end of the reporting period in its regular reports [2]

Group 1 - The power grid equipment sector is experiencing renewed activity, with companies such as Huaming Equipment and China XD Electric reaching new highs during trading [1] - Senyuan Electric, Hancable, and Guangdian Electric have achieved three consecutive trading limit-ups, indicating strong market performance [1] - Other companies including Xinlian Electronics, Hongsheng Huayuan, Jicheng Electronics, Shuangjie Electric, and Dalian Electric Porcelain are also seeing upward trends in their stock prices [1]

证券代码：002339 证券简称：积成电子 公告编号：2026-005 积成电子股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或者重大遗漏。 一、股票交易异常波动情况介绍 截至2026年1月19日，积成电子股份有限公司（以下简称"公司"或"本公 司"）（证券简称：积成电子，证券代码：002339）股票连续两个交易日（2026 年1月16日、2026年1月19日）收盘价格涨幅偏离值累计超过20%，根据《深圳证 券交易所交易规则》的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实的相关情况 公司董事会通过电话、微信及现场问询方式，对持有公司股份5%以上股东、 公司全体董事及高级管理人员就相关问题进行了核实，现将有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息； 3、近期公司经营情况正常，内外部经营环境未发生重大变化； 4、公司不存在关于本公司的应披露而未披露的重大事项，或处于筹划阶段 的重大事项； 5、持有公司股份5%以上 ...

Core Viewpoint - The company announced that its stock price experienced an abnormal fluctuation, with a cumulative deviation of over 20% in closing prices over two consecutive trading days (January 16 and January 19) [1] Group 1: Stock Performance - The stock price deviation indicates significant volatility, which is classified as an abnormal fluctuation [1] - The company confirmed that there were no corrections or additional disclosures regarding prior information, and its recent operations are normal [1] Group 2: Shareholder Activity - During the period of abnormal stock price fluctuation, shareholders holding more than 5% of the company’s shares, as well as directors and senior management, did not engage in any buying or selling of the company's stock [1] Group 3: Future Disclosures - The company is expected to release its 2025 annual report on April 24, and it advises investors to refer to designated media announcements for accurate information [1]

Group 1 - European and US stock index futures fell sharply, with European futures down 1.33% [2] - The A-share market showed a mixed performance, with the Shanghai Composite Index up 0.29% and the ChiNext Index down 0.7% [3] - A total of 3,527 stocks rose, while 1,828 stocks declined, indicating a broad market activity [4] Group 2 - Gold stocks surged, with Sichuan Gold and Zhaojin Mining hitting the daily limit [6] - Electric grid equipment stocks also saw significant gains, with multiple stocks like China Xidian and Jicheng Electronics reaching the daily limit [8] - Commercial aerospace concept stocks rebounded, with Hangfa Control and others hitting the daily limit [9] Group 3 - In the decline category, computing hardware stocks fell sharply, with Cambridge Technology hitting the daily limit down and Ruijie Networks dropping over 10% [12][13] - The Nikkei 225 index in Asia fell by approximately 0.6%, while the Seoul Composite Index surpassed 4,900 points, reaching a new high [14] - Analysts noted that Asian markets showed resilience compared to European and US markets, attributed to the unexpected willingness of the US to let European allies bear the brunt of trade tensions [18]

Market Overview - On January 19, A-shares experienced a contraction in trading volume with mixed performance across major indices. The Shanghai Composite Index rose by 0.29% to close at 4114.00, while the Shenzhen Component Index increased by 0.09% to 14294.05. In contrast, the ChiNext Index fell by 0.7% to 3337.61, and the Sci-Tech Innovation Board Index decreased by 0.21% to 1851.07 [2][3]. Sector Performance - The electric grid equipment sector saw a significant surge, with over 20 stocks hitting the daily limit up. Notable performers included China West Electric and Jicheng Electronics [4]. - The top gainers in the electric grid equipment sector included: - YN Power: +29.96% to 24.51 - Guanjie Electric: +20.00% to 14.82 - Caneng Power: +17.72% to 28.10 [5]. Trading Volume and Market Activity - The total trading volume in the Shanghai and Shenzhen markets reached 2.71 trillion yuan, a decrease of 317.9 billion yuan compared to the previous trading day. Over 3500 stocks rose across the market [6][7]. Capital Flow - Main capital inflows were observed in the electric grid equipment, tourism, and automotive sectors, while semiconductor, communication, and media sectors experienced net outflows [8]. - Specific stocks with significant net inflows included: - TBEA: 2.408 billion yuan - China West Electric: 1.807 billion yuan - Haiguang Information: 1.091 billion yuan [9]. - Conversely, net outflows were noted in: - Industrial Fulian: 1.578 billion yuan - CATL: 1.464 billion yuan - Xiangshan Chip: 1.337 billion yuan [10]. Institutional Insights - Jin Yuan Securities emphasized the importance of focusing on company performance growth and safety margins during the annual report window [11]. - Guotai Junan expressed optimism about the spring market, highlighting opportunities in sectors supported by performance [12]. - Wanlian Securities anticipated that policies would continue to promote comprehensive reforms in capital market financing, reinforcing the market's stabilization and positive momentum [13].