顺灏股份（002565）(002565.SZ)发布公告，公司于2025年11月28日至2026年1月12日连续30个交易日内 日收盘价涨幅偏离值累计超过200%，根据《深圳证券交易所交易规则》的有关规定，属于股票交易严 重异常波动的情形。公司目前拟筹划以自有资金7,498万元对参股公司轨道辰光进行增资，本次增资后 公司持股为28.68%，其仍为公司参股子公司;轨道辰光为公司的关联法人，本次增资事项构成关联交 易。因该事项正处于筹划阶段，是否通过审批程序具有不确定性。轨道辰光尚属于初创公司，目前尚未 实现盈利，进一步加大投资后，未来可能对公司损益造成一定影响。 ...

智通财经APP讯，顺灏股份(002565.SZ)发布公告，公司于2025年11月28日至2026年1月12日连续30个交 易日内日收盘价涨幅偏离值累计超过200%，根据《深圳证券交易所交易规则》的有关规定，属于股票 交易严重异常波动的情形。公司目前拟筹划以自有资金7,498万元对参股公司轨道辰光进行增资，本次 增资后公司持股为28.68%，其仍为公司参股子公司;轨道辰光为公司的关联法人，本次增资事项构成关 联交易。因该事项正处于筹划阶段，是否通过审批程序具有不确定性。轨道辰光尚属于初创公司，目前 尚未实现盈利，进一步加大投资后，未来可能对公司损益造成一定影响。 ...

Core Viewpoint - The company, Shunhao Co., Ltd. (002565), has announced significant fluctuations in its stock trading, attributed to the recent surge in "commercial aerospace concept stocks" influenced by related policies and events in the commercial aerospace sector [1] Investment Details - On June 2025, the company invested 110 million yuan in Orbit Chuangguang, acquiring a 19.30% stake [1] - Orbit Chuangguang's primary business involves launching computing power satellites into dawn-dusk orbits to establish a space data center, providing computing power services to clients [1] Business Operations - The operational scope of Orbit Chuangguang includes integrated satellite technology applications, satellite navigation services, and manufacturing and sales of satellite mobile communication terminals [1] - The investment in Orbit Chuangguang does not have synergies with the company's existing business and is expected to have a minimal impact on the company's operating performance in 2025 [1] Market Context - The relevant industry is still in its early development stage, leading to significant uncertainty regarding future returns [1] - Orbit Chuangguang is currently a startup and has not yet achieved profitability, which may affect the company's financial results in the future [1]

1 证券代码：002565 证券简称：顺灏股份 公告编号：2026-002 上海顺灏新材料科技股份有限公司 关于股票交易严重异常波动的公告 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。 特别风险提示： 1、公司目前仅作为投资人参股北京轨道辰光科技有限公司（以下简称"轨道 辰光"），现有业务未与轨道辰光的业务产生协同效应，一定时期内公司主营业 务不会发生明显变化；轨道辰光业务受宏观经济、行业政策、市场环境变化等因 素的影响，亦存在产业化、商业化落地周期较长以及不达预期的风险。轨道辰光 的"天数天算"业务可能在未来5年内才有明确的商业价值，太空数据中心的"地 数天算"业务可能在未来5-10年才逐步具备与地面数据中心进行竞争的优势，这 一过程中标的公司也可能面临同行业公司的充分竞争压力。太空数据中心面临强 烈辐射、轨道维护困难、碎片危害以及与数据治理和太空交通相关的监管问题等 障碍，包括但不限于上述各类因素均可能导致项目商业化进度和效益晚于和低于 预期。 上述投资事项对公司现有业务无协同性，对公司2025年经营业绩影响较小， 相关产业发展仍处于早期阶段，未来收益存在较大 ...

格隆汇1月12日｜顺灏股份发布异动公告，公司目前仅作为投资人参股轨道辰光，公司现有业务未与轨 道辰光的业务产生协同效应，一定时期内公司主营业务不会发生明显变化；轨道辰光的"天数天算"业务 可能在未来5年内才有明确的商业价值，太空数据中心的"地数天算"业务可能在未来5-10年才逐步具备 与地面数据中心进行竞争的优势，这一过程中标的公司也可能面临同行业公司的充分竞争压力。上述投 资事项对公司现有业务无协同性，对公司2025年经营业绩影响较小，相关产业发展仍处于早期阶段，未 来收益存在较大不确定性。 ...

格隆汇1月12日丨顺灏股份(002565.SZ)公布股票交易严重异常波动公告，公司目前仅作为投资人参股北 京轨道辰光科技有限公司（简称"轨道辰光"），现有业务未与轨道辰光的业务产生协同效应，一定时期 内公司主营业务不会发生明显变化；轨道辰光业务受宏观经济、行业政策、市场环境变化等因素的影 响，亦存在产业化、商业化落地周期较长以及不达预期的风险。轨道辰光的"天数天算"业务可能在未来 5年内才有明确的商业价值，太空数据中心的"地数天算"业务可能在未来5-10年才逐步具备与地面数据 中心进行竞争的优势，这一过程中标的公司也可能面临同行业公司的充分竞争压力。太空数据中心面临 强烈辐射、轨道维护困难、碎片危害以及与数据治理和太空交通相关的监管问题等障碍，包括但不限于 上述各类因素均可能导致项目商业化进度和效益晚于和低于预期。上述投资事项对公司现有业务无协同 性，对公司2025年经营业绩影响较小，相关产业发展仍处于早期阶段，未来收益存在较大不确定性。轨 道辰光尚属于初创公司，目前尚未实现盈利，未来可能对公司损益造成一定影响。公司郑重提示广大投 资者注意股票市场交易风险，审慎决策，理性投资。 ...

Group 1 - The core viewpoint of the news is that Shunhao Co., Ltd. has experienced significant stock price increases and trading activity, indicating strong market interest and potential investor confidence [1][2]. - As of January 12, Shunhao's stock price rose by 24.11% year-to-date, with a 28.46% increase over the last five trading days, a 56.90% increase over the last 20 days, and a remarkable 220.42% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading volume) three times this year, with the latest appearance on January 8, where it recorded a net buying of 209 million yuan [1]. Group 2 - Shunhao Co., Ltd. was established on December 21, 2004, and went public on March 18, 2011. Its main business includes the research, production, processing, and sales of various paper products [2]. - The company's revenue composition is as follows: printing products 48.07%, aluminum-coated paper 30.03%, and other categories including composite paper, optical anti-counterfeiting film, and new tobacco products [2]. - As of September 30, the number of shareholders decreased by 4.61% to 43,900, while the average circulating shares per person increased by 4.83% to 24,123 shares [2]. Group 3 - Shunhao Co., Ltd. has distributed a total of 427 million yuan in dividends since its A-share listing, with 68.81 million yuan distributed over the past three years [3].

Company Overview - Shanghai Shunhao New Materials Technology Co., Ltd. is located at 200 Zhenchen Road, Putuo District, Shanghai, established on December 21, 2004, and listed on March 18, 2011 [2] - The company's main business includes research, production, processing, and sales of vacuum aluminum-coated paper, composite film paper, white cardboard, printed products, and cigarette polypropylene fiber bundles [2] - The revenue composition of the main business is as follows: printed products 48.07%, aluminum-coated paper 30.03%, others (supplement) 8.51%, composite film paper 5.56%, others 3.93%, optical anti-counterfeiting film 2.02%, new tobacco 1.65%, white cardboard 0.23% [2] Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 899 million yuan, a year-on-year decrease of 20.57%, while the net profit attributable to the parent company was 67.319 million yuan, a year-on-year increase of 20.29% [2] - The company has cumulatively distributed cash dividends of 427 million yuan since its A-share listing, with a total of 68.8128 million yuan distributed over the past three years [3] Stock Performance - On January 9, the stock price of Shunhao increased by 2.01%, reaching 21.84 yuan per share, with a trading volume of 3.171 billion yuan and a turnover rate of 14.03%, resulting in a total market capitalization of 23.15 billion yuan [1] - Year-to-date, the stock price has risen by 19.15%, with a 5-day increase of 19.15%, a 20-day increase of 62.14%, and a 60-day increase of 201.66% [1] - The company has appeared on the daily trading leaderboard three times this year, with the most recent appearance on January 8, where it recorded a net purchase of 209 million yuan [1]

Core Insights - Shunhao Co., Ltd. (002565) is focusing on its core business of specialty eco-friendly paper and printing products, which have maintained stable revenue and profit levels in recent years [1] - The company has established a mature layout in the industrial hemp and new tobacco sectors, with subsidiaries engaged in the extraction and export of CBD and other natural products [1] - Shunhao's recent investment in Beijing Orbit Chen Guang Technology Co., Ltd. aims to explore opportunities in the space computing industry, which is seen as a potential second growth curve for the company [2] Business Overview - The specialty eco-friendly paper business includes vacuum aluminum paper and laser anti-counterfeiting materials, while the printing business relies on a bidding model and personalized services to maintain high customer loyalty [1] - The industrial hemp sector is represented by Yunnan Green New Biological Pharmaceutical Co., Ltd., focusing on CBD and full-spectrum oil processing, while the U.S. subsidiary Shunho Luxin USA LLC offers products containing CBD and other natural ingredients [1] Investment Strategy - The investment in Orbit Chen Guang is a strategic move to transition into the computing industry, with expectations that space data centers will become a key solution for AI computing needs due to their energy efficiency and environmental benefits [2] - Orbit Chen Guang's core services include "space computing" for satellites and "ground computing" for terrestrial data centers, with potential commercial value expected to materialize within the next five years [2] Industry Trends - The space computing sector is viewed as a new frontier for companies seeking growth beyond traditional business limits, with significant implications for both the investing companies and the industry as a whole [3] - The space computing industry is still in its early stages but shows vast market potential, with various countries and companies beginning to position themselves strategically [3] - Continuous technological advancements and cross-industry investments are anticipated to accelerate the application and development of space computing technologies, providing robust computational support for various applications on Earth [3]

Group 1 - The defense and military industry saw a net inflow of over 18.9 billion yuan, while the computer sector had over 16.9 billion yuan, and machinery equipment received over 10.8 billion yuan in net inflows [2] - Non-bank financials experienced a net outflow of over 6.7 billion yuan, with the metals sector seeing a net outflow of over 5.4 billion yuan [2] - The military industry is expected to stabilize and improve, with a focus on high-end loyal drones and low-cost unmanned aerial vehicles as key development directions [7] Group 2 - The A-share market showed slight fluctuations, with major indices like the Shanghai Composite Index and Shenzhen Component Index experiencing minor declines, while technology growth stocks performed relatively well [4] - The new energy sector, particularly wind power equipment, showed strong performance, with significant increases in stock prices for companies like Goldwind Technology [7] - The global energy transition and the explosion of AI computing power are creating unprecedented opportunities for the new energy sector, with predictions of significant growth in wind power installations in various regions [9]