| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | | 立讯精密工业股份有限公司 关于以集中竞价交易方式回购公司股份方案的回购报告书 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。 重要内容提示： 1、回购股份基本情况 立讯精密工业股份有限公司（以下简称"公司"）拟使用自有资金或自筹资金（含 股票回购专项贷款资金等）以集中竞价方式回购部分公司已发行的人民币普通股（A 股）股票。本次回购股份的价格为不超过 86.96 元/股（含），回购价格上限未超过 公司董事会审议通过回购股份方案前 30 个交易日公司股票交易均价的 150%，拟回 购资金总额不低于 100,000 万元，不超过人民币 200,000 万元。在本次回购股份价 格上限为人民币 86.96 元/股的条件下，若按回购总金额上下限和回购股份价格上限 测算，预计可回购股份数量为：11,499,540 股至 22,999,080 股，占公司目前总股本 比例为：0.16%至 0. ...

Market Overview - On January 15, the Shanghai Composite Index closed at 4112.60 points, down 0.33%, with a trading volume of 11,759 billion yuan. The Shenzhen Component Index rose 0.41% to 14,306.73 points, with a trading volume of 17,296.48 billion yuan. The ChiNext Index increased by 0.56% to 3,367.92 points, with a trading volume of 8,497.13 billion yuan. The total trading volume for both markets was 29,055.48 billion yuan, a decrease of 10,358.95 billion yuan compared to the previous trading day [1]. Sector Performance - The chemical, electronics, non-ferrous metals, precious metals, and real estate sectors showed strong performance, while industries such as media, defense, computer, retail, textiles, pharmaceuticals, education, and light manufacturing experienced declines. Notably, the phosphorous chemical, storage chip, solid-state battery, fluorine chemical, organic silicon, and minor metals concepts were particularly active [2]. - Among the stocks, 2,169 rose, while 2,898 fell, with 104 remaining flat and 13 suspended. Excluding newly listed stocks, there were 65 stocks that hit the daily limit up and 72 that hit the limit down [2]. Capital Flow - The net outflow of main funds in the Shanghai and Shenzhen markets was 509.2 billion yuan, with the ChiNext experiencing a net outflow of 302.36 billion yuan. The CSI 300 index saw a net inflow of 53.17 billion yuan, while the STAR Market had a net outflow of 7.86 billion yuan. The electronics sector had the highest net inflow of 99.72 billion yuan, followed by banking, chemicals, and real estate [4]. - A total of 2142 stocks saw net inflows, with 117 stocks receiving over 1 billion yuan in net inflows. Leading the inflows was Luxshare Precision with 2.689 billion yuan, followed by Zhongji Xuchuang, Wolong Materials, and others [8][9]. Individual Stock Performance - The stocks with the highest net outflows included BlueFocus with a net outflow of 3.139 billion yuan, followed by Shanzhi Technology, Dongfang Wealth, and others [11][12]. - Institutional investors had a net buy of 15 stocks, with the highest net buy in Province Group at approximately 494 million yuan. Conversely, the highest net sell was in Liou Co., with a net outflow of approximately 432 million yuan [14][15].

Group 1 - The commercial aerospace concept has faced a significant decline, with popular stock Jin Feng Technology hitting the daily limit down, and two major retail investors selling a total of 384 million [1] - Institutions have increased their positions in several AI application concept stocks, with Shengguang Group receiving 494 million from four institutions, and Sanwei Communication and Tongda Hai receiving 279 million and 102 million respectively [1][12] - The top ten stocks by trading volume in the Shanghai and Shenzhen Stock Connect include Zijin Mining, Luoyang Molybdenum, and Kweichow Moutai, with total trading amounts of 1510.44 billion and 2044.34 billion respectively [2][3] Group 2 - The electronic sector saw a net inflow of 120.09 billion, leading among sectors, while the computer sector experienced the largest net outflow of 233.90 billion [5][6] - The top individual stocks with net inflows include Luxshare Precision, Zhongji Xuchuang, and Wolong Nuclear Materials, with inflows of 27.46 billion, 21.78 billion, and 15.12 billion respectively [7] - Conversely, the top stocks with net outflows include BlueFocus Media, Shanzi Gaoke, and Dongfang Caifu, with outflows of 30.78 billion, 26.97 billion, and 17.14 billion respectively [8] Group 3 - The top ten ETFs by trading volume include the CSI 500 ETF and the CSI 300 ETF, with trading amounts of 263.30 billion and 253.91 billion respectively, showing significant increases compared to the previous trading day [9][10] - The four major index futures contracts (IH, IF, IC, IM) have seen both long and short positions decrease, indicating a slight increase in bearish sentiment [11] Group 4 - Retail investors have actively traded various stocks, with significant buy and sell activities noted in stocks like Sanwei Communication and Jin Feng Technology, reflecting a diverse trading strategy [14][16] - Quantitative funds have shown high activity, particularly in stocks like Dazhi Technology, with multiple funds engaging in aggressive trading [17]

Core Insights - The A-share market is experiencing a concentrated disclosure period for annual performance forecasts, with over 140 companies having released their forecasts by January 13, 2025, and more than half of these companies reporting positive earnings expectations [2] - A clear divergence in performance is emerging, with leading companies in high-growth sectors benefiting from industry advantages and core competitiveness, while some traditional industries are facing losses due to cyclical fluctuations and weak demand [2] Group 1: Leading Companies and Performance - Leading companies are showing remarkable performance, with Zijin Mining expected to report a net profit of 510 to 520 billion yuan for 2025, a year-on-year increase of approximately 59% to 62% from 320.51 billion yuan in 2024 [3] - Other notable companies include WuXi AppTec with a projected net profit of 191.51 billion yuan (up 102.65%), Luxshare Precision with an expected profit of 165.18 to 171.86 billion yuan (up 23.59% to 28.59%), and Shanghai Port Group with a net profit of 134 billion yuan [3] - Cangge Mining and Huayou Cobalt are also expected to report significant profits, with Cangge Mining's net profit projected at 37 to 39.5 billion yuan, reflecting a year-on-year growth of 43.41% to 53.10% [3] Group 2: Explosive Growth in Certain Companies - Several companies are expected to achieve explosive growth, with Zhongke Lanyun projecting a net profit of 14 to 14.3 billion yuan, representing a staggering year-on-year increase of 366.51% to 376.51% [4] - Other companies with significant growth rates include Chuanhua Zhili with a profit increase of 256.07% to 361.57%, and Kangchen Pharmaceutical with a growth rate of 243% to 315% [4] - Companies like Tianci Materials and China Shipbuilding Defense are also expected to see profit growth exceeding 150%, with China Shipbuilding Defense projecting a net profit of 9.4 to 11.2 billion yuan, a year-on-year increase of 149.61% to 196.88% [4] Group 3: Sector Performance and Trends - The companies with positive earnings forecasts are concentrated in high-growth sectors, particularly in technology, pharmaceuticals, and consumer goods [5] - In the technology sector, companies like Daotong Technology and Aibisen are performing well, with Daotong Technology expected to achieve a net profit of 9 to 9.3 billion yuan, a year-on-year increase of 40.42% to 45.10% [5] - The gold sector is experiencing significant growth, with international gold prices reaching record highs, benefiting companies like Zijin Mining and Chifeng Jilong Gold, which is expected to report a net profit of 30 to 32 billion yuan, a year-on-year increase of 70% to 81% [6] Group 4: Challenges in Traditional Industries - In contrast to high-growth sectors, traditional industries are facing significant challenges, with many companies reporting losses due to cyclical fluctuations and weak market demand [7] - The chemical industry is particularly affected, with companies like China Chemical reporting a projected loss of 1.331 billion yuan for the year due to declining product prices [7] - Other sectors, including energy and home furnishings, are also struggling, with companies like Guomei Home and Yijing Optoelectronics forecasting negative profits due to weak demand and other external factors [7]

Market Overview - The two markets experienced a significant net outflow of 38.31 billion yuan, with 1,905 stocks seeing net inflows and 2,994 stocks experiencing net outflows [1] - The Shanghai Composite Index closed down by 0.33% [1] Industry Performance - Nine industries saw net inflows from large orders, with the electronics sector leading at a net inflow of 11.255 billion yuan and a 1.67% increase in the industry index [1] - The non-ferrous metals sector followed with a net inflow of 1.891 billion yuan and a 1.37% increase [1] - A total of 22 industries experienced net outflows, with the computer sector seeing the largest outflow of 13.689 billion yuan [1] Individual Stock Performance - Among the 53 stocks with net inflows exceeding 200 million yuan, Luxshare Precision led with a net inflow of 2.492 billion yuan [2] - Other notable stocks with significant inflows include Zhongji Xuchuang (2.425 billion yuan) and Wolong Nuclear Materials (1.627 billion yuan) [2] - Stocks with the highest net outflows included BlueFocus (2.668 billion yuan), followed by Shanzhi Gaoke (2.031 billion yuan) and Dongfang Caifu (1.780 billion yuan) [2][4] Stock Price Movements - Stocks with net inflows over 200 million yuan saw an average increase of 10.37%, outperforming the Shanghai Composite Index [2] - Specific stocks that closed at their daily limit include Blue Arrow Electronics and Shanhe Pharmaceutical [2] Sector Concentration - The stocks with the highest net inflows are concentrated in the electronics, power equipment, and communication sectors, with 24, 6, and 5 stocks respectively [2]

Market Overview - The Shanghai Composite Index fell by 0.33% on January 15, with 11 sectors experiencing gains, led by the electronics and basic chemicals sectors, which rose by 1.67% and 1.40% respectively [1] - The sectors with the largest declines were comprehensive and defense industries, which fell by 3.35% and 2.80% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets was 62.864 billion yuan, with six sectors seeing net inflows [1] - The electronics sector had the highest net inflow of capital, amounting to 12.083 billion yuan, while the non-ferrous metals sector followed with a net inflow of 1.936 billion yuan [1] Electronics Sector Performance - The electronics sector rose by 1.67%, with a total of 476 stocks in the sector, of which 283 increased in value and 7 hit the daily limit [2] - The leading stocks in terms of net capital inflow included Luxshare Precision, which saw an inflow of 2.936 billion yuan, followed by Wolong Nuclear Materials and Jiangbolong with inflows of 1.705 billion yuan and 909 million yuan respectively [2] Electronics Sector Capital Inflow - The top stocks by capital inflow in the electronics sector included: - Luxshare Precision: +7.07%, turnover rate 3.62%, capital flow 2.935 billion yuan - Wolong Nuclear Materials: +10.01%, turnover rate 14.35%, capital flow 1.705 billion yuan - Jiangbolong: +9.39%, turnover rate 9.05%, capital flow 908.607 million yuan [2] Electronics Sector Capital Outflow - The stocks with the highest capital outflow in the electronics sector included: - Zhenray Technology: -2.12%, turnover rate 11.27%, capital outflow -462.808 million yuan - Lingyi Technology: -1.16%, turnover rate 2.70%, capital outflow -431.998 million yuan - SMIC: -0.04%, turnover rate 2.78%, capital outflow -415.740 million yuan [3]

Group 1: Market Performance - The consumer electronics sector rose by 1.73% on January 15, with Huanxu Electronics leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Group 2: Individual Stock Performance - Huanxu Electronics (601231) closed at 30.57, up 10.00%, with a trading volume of 711,100 shares and a transaction value of 2.085 billion [1] - Zhishang Technology (301486) closed at 136.77, up 8.44%, with a trading volume of 87,100 shares and a transaction value of 1.164 billion [1] - Luxshare Precision (002475) closed at 57.37, up 7.07%, with a trading volume of 2,628,500 shares and a transaction value of 14.597 billion [1] - Other notable performers include Hengmingda (002947) up 5.18%, and Shentech (000021) up 4.46% [1] Group 3: Capital Flow Analysis - The consumer electronics sector saw a net inflow of 2.148 billion from main funds, while retail funds experienced a net outflow of 1.297 billion [2] - The main funds' net inflow for Luxshare Precision was 2.623 billion, while it faced a net outflow of 1.551 billion from speculative funds [3] - Shentech had a net inflow of 503 million from main funds, with a net outflow of 173 million from speculative funds [3]

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies that have made significant contributions to ESG (Environmental, Social, and Governance) practices, with over 5,000 enterprises participating in the evaluation process [1][4]. Group 1: ESG Award Overview - The award was launched in November 2025 by Sina Finance ESG Rating Center, focusing on promoting sustainable development and responsible investment [1][4]. - The evaluation process included comprehensive performance assessments, professional scoring, and online voting to determine the winners [1][4]. Group 2: Award Winners - The winners of the Best Environmental Responsibility Award include notable companies such as Sungrow Power Supply, Industrial Fulian, Kweichow Moutai, Geely Automobile, Haier Smart Home, Hisense Visual Technology, Linyang Electronics, Tongwei Co., Weichai Power, and Luxshare Precision [2][5]. - The award committee congratulated the winners and expressed hope that these companies will lead by example in enhancing their ESG capabilities and contribute to high-quality development in China [2][5]. Group 3: ESG Rating Center Introduction - The Sina Finance ESG Rating Center is the first Chinese platform dedicated to ESG information and ratings, promoting sustainable development and responsible investment [3][6]. - The center aims to establish ESG evaluation standards suitable for China's characteristics and enhance corporate ratings through collaboration with leading ESG enterprises and partners [3][6].

Group 1 - Lixun Precision's stock rose by 5.08% to 56.30 CNY per share, with a trading volume of 10.559 billion CNY and a turnover rate of 2.64%, resulting in a total market capitalization of 410.192 billion CNY [1] - The company, founded on May 24, 2004, and listed on September 15, 2010, specializes in the research, production, and sales of connectors, primarily used in 3C (computer, communication, consumer electronics), automotive, and communication equipment sectors [1] - The revenue composition of Lixun Precision includes 78.55% from consumer electronics, 8.91% from communication interconnect products and precision components, 6.95% from automotive interconnect products and precision components, 3.93% from computer interconnect products and precision components, and 1.65% from other connectors and businesses [1] Group 2 - The Hive Fund has one fund heavily invested in Lixun Precision, specifically the Hive Advanced Manufacturing Mixed Initiation A (019006), which held 7,100 shares, accounting for 2.58% of the fund's net value, making it the fourth-largest holding [2] - The Hive Advanced Manufacturing Mixed Initiation A fund was established on August 16, 2023, with a latest scale of 16.7123 million CNY, reporting a year-to-date loss of 0.87% and a one-year return of 37.7% [2] - The fund's performance ranks 8,688 out of 8,840 in its category year-to-date and 3,290 out of 8,094 over the past year, with a cumulative return of 31.75% since inception [2] Group 3 - The fund managers of the Hive Advanced Manufacturing Mixed Initiation A are Wu Qiong and Sun Ke, with Wu having a tenure of 2 years and 154 days, achieving a best return of 34.97% and a worst return of 33.69% during his tenure [3] - Sun has a tenure of 1 year and 7 days, with a best return of 43.16% and a worst return of 42.6%, managing a total fund asset of 17.7827 million CNY [3]

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting potential investment opportunities in specific sectors such as non-metal materials, photovoltaic equipment, and energy metals [1][2][3] Group 1: Stock Performance and Capital Inflows - The top stock by capital inflow is沃尔核材 with an inflow of 1.375 billion, showing a price increase of 10.01% [2] - 航天机电 follows with an inflow of 849 million and a price increase of 3.72% [2] - 华友钴业 has an inflow of 805 million and a price increase of 7.41% [2] - N至信 shows a remarkable price increase of 252.01% with an inflow of 720 million [2] - 英维克 has an inflow of 694 million and a price increase of 3.13% [2] Group 2: Sector Analysis - The non-metal materials sector is represented by沃尔核材, which has the highest capital inflow [2] - The photovoltaic equipment sector includes航天机电, indicating interest in renewable energy technologies [2] - The energy metals sector is highlighted by华友钴业 and赣锋锂业, both showing strong inflows and price increases, reflecting demand for materials used in batteries [2][3] - The household appliance sector is represented by四川长虹, which has an inflow of 641 million and a price increase of 6.58% [3] - The software development sector includes广联达, with an inflow of 423 million and a price increase of 7.33% [3]