Group 1 - The company plans to repurchase shares between 150 million to 250 million yuan for employee stock incentive plans, with a maximum repurchase price adjusted to 90 yuan per share [1] - As of December 31, 2025, the company has repurchased a total of 3.1257 million shares, accounting for 0.31% of the total share capital, with a highest transaction price of 75.20 yuan per share and a lowest transaction price of 33.67 yuan per share [1] - The total transaction amount for the repurchased shares is 109 million yuan, excluding transaction fees [1] Group 2 - The company will continue to implement the share repurchase within the designated period and will disclose updates in a timely manner [1]

证券代码：002353 证券简称：杰瑞股份 公告编号：2025-098 烟台杰瑞石油服务集团股份有限公司 | 股东名称 | 是否为控股股东或第一 | | 本次解除质押数量 | | 占其所持 | 占公司总 | | 质押起始日 | | 质押解除日 | | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 大股东及其一致行动人 | | | （股） | 股份比例 | 股本比例 | | | | | | | | | 刘贞峰 | | 是 | | 9,000,000 | 8.20% | 0.88% | 2025 | 年 1 月 2 | 日 | 2025 年 12 | 月 | 30 日 | 中信证券股 份有限公司 | 3、股东股份累计质押情况 关于控股股东部分股份质押和解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 烟台杰瑞石油服务集团股份有限公司（以下简称"公司"）近日接到公司控股股东之一、 董事刘贞峰先生的通知，获 ...

Investment Strategy and Key Stock Portfolio - The report emphasizes the importance of enhancing macro governance effectiveness and maintaining a positive policy tone, with a combination of more proactive fiscal policy and moderately loose monetary policy expected to continue [4][9] - The focus is on expanding domestic demand and stabilizing investment, with recent policy adjustments such as the relaxation of housing purchase restrictions in Beijing and a reduction in the value-added tax rate for second-hand home sales [4][9] - The report highlights the potential for a pause in interest rate cuts by the Federal Reserve in the first half of the coming year, as recent U.S. GDP data exceeded expectations, driven by a rebound in personal consumption [10] Key Stock Recommendations - **Jinfa Technology (金发科技, 600143.SH)**: Positioned to transition from a comprehensive plastic leader to a high-end chemical materials platform, benefiting from strong demand in emerging industries [11][14] - **Hengli Petrochemical (恒力石化, 600346.SH)**: As a leading private refining enterprise, it is expected to benefit from a new cycle of refining prosperity due to its extensive production capacity and diversified product offerings [11][14] - **Satellite Chemical (卫星化学, 002648.SZ)**: Anticipated to enter a new growth phase with improved profitability in aromatics and polyester chains, supported by its cost control and market position [11][14] - **Huidi Technology (汇得科技, 603192.SH)**: Expected to maintain high-quality growth due to strong demand for polyurethane materials and a favorable cost environment [11][14] - **Aikodi (爱柯迪, 600933.SH)**: Positioned to benefit from the recovery of its robotics segment and potential contracts with Tesla, enhancing its growth prospects [11][14] - **TeBao Bio (特宝生物, 688278.SH)**: Anticipated to see significant growth driven by its core product and expanding R&D pipeline [11][14] - **New Dairy (新乳业, 002946.SZ)**: Expected to improve profitability through product innovation and a focus on low-temperature products [11][14] - **Zhongke Lanyun (中科蓝讯, 688332.SH)**: Positioned to benefit from AI-driven growth in the electronics sector, with a comprehensive product line [11][14] - **Hengxuan Technology (恒玄科技, 688608.SH)**: Focused on high-end SOC chips and AIOT applications, with strong competitive positioning [11][14] - **Jereh Group (杰瑞股份, 002353.SZ)**: Expected to see robust growth supported by its diversified business and significant orders in the natural gas sector [11][14] ETF Recommendations - **Southern CSI 1000 ETF (南方中证 1000ETF, 512100.OF)**: Notable growth of 29.27% year-to-date, tracking the CSI 1000 Index [15] - **E Fund CSI Artificial Intelligence Theme ETF (易方达中证人工智能主题, 159819.OF)**: Strong performance with a 70.29% increase year-to-date [15] - **Chemical ETF (化工 ETF, 159870.OF)**: Gained 43.01% year-to-date, reflecting the performance of the chemical industry [15] - **Huatai-PB CSI Major Consumption ETF (汇添富中证主要消费 ETF, 159928.OF)**: Slight decline of 2.40% year-to-date [15] - **Southern CSI Shenwan Nonferrous Metals ETF (南方中证申万有色金属 ETF, 512400.OF)**: Significant growth of 98.26% year-to-date [15]

Investment Rating - The report maintains a "Buy" rating for the equipment manufacturing industry, particularly highlighting investment opportunities in AI-driven sectors and computing infrastructure [2]. Core Insights - The equipment manufacturing industry in China is transitioning into a technology-driven phase, with AI and computing infrastructure being key areas for investment. The report emphasizes the growth potential of AI endpoint products and computing infrastructure investments [2]. - The report identifies three main drivers for the recovery of machinery equipment exports by 2026: the expected interest rate cuts by the Federal Reserve, strong infrastructure demand along the Belt and Road Initiative, and the rising demand for AI computing equipment [3]. Summary by Sections AI-Driven Growth - Investment opportunities are seen in AI endpoints such as humanoid robots, smart manufacturing, and various consumer AI products, which are expected to experience rapid growth. This will lead to increased demand for chips used in training, inference, and storage, initiating a new investment cycle in semiconductor equipment [2]. - The report also highlights the importance of computing infrastructure investments to support AI endpoints, recommending investments in cooling systems and energy solutions due to power shortages [2]. Export Recovery Drivers - The report outlines three key drivers for the expected recovery in machinery equipment exports by 2026: 1. Recovery in overseas demand due to anticipated interest rate cuts by the Federal Reserve, which will boost global industrial product demand [3]. 2. Strong infrastructure demand in countries along the Belt and Road Initiative, particularly in the Middle East, where domestic oil service equipment manufacturers are expected to benefit from high growth [3]. 3. Increased demand for equipment driven by AI computing needs, leading to growth in gas turbines and diesel generator sets, as well as PCB materials and testing equipment [3]. Company Profit Forecasts - The report provides profit forecasts for key recommended companies, all rated as "Buy," indicating a positive outlook for their performance in the coming years [5].

Core Viewpoint - The news highlights the recent performance of the National Petroleum and Natural Gas Index and the impact of geopolitical tensions in Venezuela on the oil market, with expectations of a price range for Brent crude oil in early 2026 [1][2]. Group 1: Market Performance - As of December 31, 2025, the National Petroleum and Natural Gas Index (399439) increased by 0.01%, with notable gains from stocks such as Haimer Technology (300084) up 4.26%, Yutong Co. (603036) up 3.10%, and China Petroleum (601857) up 1.56% [1]. - The oil and gas ETF (159697) was quoted at 1.19 yuan, with a net subscription of 4 million units during the trading session [1]. Group 2: Geopolitical Impact - The escalation of the regional situation in Venezuela is causing disturbances in the crude oil market, adding uncertainty to supply and demand forecasts [1]. - China Galaxy Securities anticipates a significant accumulation of supply in the near term, projecting Brent crude oil prices to range between $55 and $63 per barrel in January 2026, with potential downward pressure [1]. Group 3: Index Composition - As of November 28, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index include China Petroleum (601857), China Petrochemical (600028), and China National Offshore Oil Corporation (600938), collectively accounting for 65.78% of the index [2]. - The oil and gas ETF (159697) closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector [1].

Group 1 - The core viewpoint of the articles highlights the significant interest from brokerages in A-share listed companies, with over 2800 companies receiving brokerage research in 2025, indicating that more than half of the market's listed companies have been under brokerage attention [1][2] - The mechanical equipment, electronics, and pharmaceutical biotechnology sectors are identified as the most favored by brokerages, with over 290 companies in each sector receiving research attention [1][2] - The mechanical equipment sector is particularly noted for investment opportunities in the humanoid robot industry chain, while the electronics sector is advised to focus on new technologies and demands driven by the AI innovation cycle [3][4] Group 2 - Crystal Optoelectronics, a company in the electronics sector, has been the most favored by brokerages, receiving 175 research visits, and is part of a sector that has seen a significant price increase of nearly 42% in 2025 [1][2] - The electronics sector has over 320 companies receiving brokerage research, with notable companies like Huaqin Technology and Luxshare Precision receiving more than 140 research visits each [2] - The pharmaceutical biotechnology sector has 296 companies under brokerage research, with a cumulative increase of only 12.44% in 2025, indicating a relative underperformance compared to other sectors [3][4] Group 3 - Investment opportunities in the humanoid robot sector are expected to grow, with a focus on companies entering the Tesla supply chain and those involved in core supply chain and standardization [3] - The electronics sector is anticipated to benefit from the AI-driven demand for high-performance storage and semiconductor testing equipment, suggesting a favorable outlook for related companies [4] - The pharmaceutical sector is expected to continue focusing on innovative drug companies, supported by favorable policies and increasing international market presence, which will attract more investor attention [4]

Group 1 - The company, Jerry Holdings (002353), announced the election of Mr. Liu Dong as the employee representative director of the seventh board of directors [1]

Group 1 - The core point of the article is that Jerry Holdings announced the approval of several resolutions during its second extraordinary general meeting of shareholders in 2025, including the election of non-independent and independent directors, as well as amendments to certain proposals [1] Group 2 - The company held its second extraordinary general meeting of shareholders on December 29 [1] - Resolutions passed include the election of the seventh board of directors' non-independent directors and independent directors [1] - The meeting also addressed amendments to various proposals [1]

证券代码：002353 证券简称：杰瑞股份 公告编号：2025-096 烟台杰瑞石油服务集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 2025 年 12 月 29 日 附件：职工董事简历 刘东，男，1970 年 11 月出生，中国国籍，无境外居留权。毕业于重庆大学 工程机械专业，大学本科学历、工学学士学位。历任烟台港务局港务工程公司工 程师，杰瑞股份副总经理、董事、副总裁。现任杰瑞股份董事、荣誉总工程师。 根据《中华人民共和国公司法》（以下简称《公司法》）、《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》（以下简称《自律 监管指引》）、《烟台杰瑞石油服务集团股份有限公司章程》（以下简称《公司 章程》）等有关规定，烟台杰瑞石油服务集团股份有限公司（以下简称"公司"） 于 2025 年 12 月 29 日召开公司职工代表大会，选举刘东先生为公司第七届董事 会职工代表董事（刘东先生简历请见附件）。职工代表董事刘东先生将与公司 2025 年第二次临时股东会选举产生的非职工代表董事共同组成公司第七届董事 会，任期为自 202 ...

山东鑫福来源律师事务所 山东鑫福来源律师事务所 关于烟台杰瑞石油服务集团股份有限公司 2025 年第二次临时股东会的 法律意见书 地址：烟台市莱山区观海路 119 号 2 楼 邮编：264003 山东鑫福来源律师事务所 山东鑫福来源律师事务所 关于烟台杰瑞石油服务集团股份有限公司 2025 年第二次临时股东会的法律意见书 2、公司已通过深圳证券交易所交易系统和互联网投票系统向 股东提供网络形式的投票平台。参加网络投票的股东通过深圳证券 交易所交易系统在 2025 年 12 月 29 日上午 9:15-9:25，9:30-11： 30，下午 13：00-15：00；及互联网投票系统在 2025 年 12 月 29 日 上午 9:15 至下午 15:00 期间的任意时间通过网络进行投票。 山东鑫福来源律师事务所 致：烟台杰瑞石油服务集团股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公 司治理准则》、《深圳证券交易所股票上市规则》等我国现行法律、 行政法规、部门规章、规范性文件（以下简称法律、法规）的规定， 以及根据《烟台杰瑞石油服 ...