Core Viewpoint - The lighting equipment sector experienced a decline of 0.2% on February 2, with *ST Xingguang leading the drop. The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1]. Group 1: Market Performance - The closing prices and percentage changes of key stocks in the lighting equipment sector are as follows: - Minbao Optoelectronics: 53.98, up 20.01% - Lianyu Co., Ltd.: 55.95, up 10.01% - Komatsu Co., Ltd.: 8.92, up 5.19% - OPPLE Lighting: 20.39, up 0.69% - Other stocks showed declines, with *ST Xingguang down 4.05% to 2.13 [1][2]. Group 2: Capital Flow - On the same day, the lighting equipment sector saw a net inflow of 6.692 million yuan from institutional investors, while retail investors contributed a net inflow of 18.248 million yuan. However, speculative funds experienced a net outflow of 24.9407 million yuan [2][3]. - The capital flow for specific stocks indicates: - Lianyu Co., Ltd.: 22.4838 million yuan net inflow from institutional investors - Minbao Optoelectronics: 14.3518 million yuan net inflow from institutional investors - Other stocks like *ST Xingguang and Hengtai Lighting experienced net outflows from both institutional and speculative investors [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002638 证券简称：勤上股份 公告编号：2026-001 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。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日。 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 四、风险提示 1、本次业绩预告是公司财务部门初步测算的结果，具体财务数据以公司披露的2025年年度报告为准； 2、各类资产最终计提资产减值准备及资产处置金额以公司年审会计师事务所的审计结果为准； 3、公 司指定的信息披露媒体为《中国证券报》《上海证券报》《证券时报》《证券日报》和巨潮资讯网，公 司所有信息均以上述指定媒体披露的信息为准。敬请广大投资者注意投资风险。 特此公告。 二、与会计师事务所沟通情况 本次业绩预告相关财务数据是公司财务部门初步测算的结果，未经会计师事务所审计。公司已就本次业 绩预告有关事项与会计师事务所进行了预沟通，双方不存在重大分歧。 三、业绩变动原因说明 1、报告期内，公司处置子公司上海澳展在建工程项目（含土 ...

Core Viewpoint - The company expects a net profit for the year 2025 to be between -347 million to -271 million yuan, representing a year-on-year decline of 39.16% to 8.68% [1] Financial Performance - The company incurred a disposal loss of approximately 117 million yuan from the disposal of its subsidiary Shanghai Aozhan's construction project, which includes land use rights, contributing to non-operating losses for the period [1] - The company recognized an investment loss of about 104 million yuan from its joint venture Yuguang Lighting, which is in a continuous loss state, impacting operating profits [1] - The appreciation of the RMB has led to increased foreign exchange losses [1] - A decline in bank deposit interest rates has resulted in reduced interest income from bank deposits and wealth management products, cumulatively decreasing operating profits by approximately 28 million yuan [1] Asset Management - The company conducted a comprehensive review of various assets at the end of the reporting period, analyzing those with potential impairment signs based on a cautious principle [1] - The company has made an expected credit loss provision of approximately 11.1 million yuan while reversing asset impairment losses of 22 million yuan [1]

证券代码：002638 证券简称：勤上股份 公告编号：2026-001 东莞勤上光电股份有限公司 2025 年度业绩预告 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。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 | 项 目 | 本报告期 | | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 利润总额（如适 | | -34,370 | ～ | -26,770 | -24,802.20 | | 用） | 比上年同期下降 | 38.58% | ～ | 7.93% | | | 归属于上市公司股 | | -34,700 | ～ | -27,100 | -24,935.98 | | 东的净利润 | 比上年同期下降 | 39.16% | ～ | 8.68% | | | 扣除非经常性损益 | | -22,300 | ～ | -14,700 | -24,151.59 | | 后的净利润 | 比上年同期增长 | 7.67% ...

Core Viewpoint - The lighting equipment sector experienced a decline of 1.27% on January 29, with Lida Xin leading the drop. The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1]. Group 1: Market Performance - The lighting equipment sector's stocks showed mixed performance, with notable gainers including Xiaolan Co. (up 2.03% to 8.56) and Geli Er (up 1.29% to 20.39) [1]. - Lida Xin's stock price fell by 2.77% to 19.99, contributing to the sector's overall decline [2]. - The total trading volume for the lighting equipment sector was significant, with Xiaolan Co. achieving a trading volume of 217,400 shares and a transaction value of 190 million [1]. Group 2: Capital Flow - The lighting equipment sector saw a net outflow of 22.87 million from institutional investors and 12.78 million from retail investors, while retail investors had a net inflow of 35.65 million [2]. - Specific stocks like Xiaolan Co. and Sunshine Lighting experienced varying levels of net inflow and outflow, with Xiaolan Co. seeing a net inflow of 2.88 million from retail investors [3]. - The overall capital flow indicates a cautious sentiment among institutional and speculative investors, contrasting with retail investors' increased participation [2][3].

Market Overview - The lighting equipment sector increased by 0.04% on January 28, with Ocean King leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up by 0.27%, while the Shenzhen Component Index closed at 14342.9, up by 0.09% [1] Stock Performance - Notable stock performances include: - Ocean King (002724) closed at 7.67, up by 10.04% with a trading volume of 384,700 shares and a turnover of 286 million yuan [1] - Opple Lighting (603515) closed at 19.98, up by 0.55% with a trading volume of 23,400 shares and a turnover of 46.45 million yuan [1] - Other stocks like Sunshine Lighting (600261) remained unchanged at 3.65, while companies like Qunshang Co. (002638) and Foshan Lighting (000541) saw declines of 1.92% and 1.09% respectively [1][2] Capital Flow - The lighting equipment sector experienced a net inflow of 18.43 million yuan from institutional investors, while retail investors saw a net outflow of 17.56 million yuan [2] - The capital flow for key stocks shows: - Ocean King had a net inflow of 69.14 million yuan from institutional investors, while retail investors had a net outflow of 52.64 million yuan [3] - Other stocks like Opple Lighting and Sunshine Lighting faced net outflows from both institutional and retail investors [3]

Market Overview - The lighting equipment sector experienced a decline of 0.69% on January 27, with Lida Xin leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - OPPLE Lighting (603515) closed at 19.87, with an increase of 1.53% and a trading volume of 35,500 shares, totaling a transaction value of 69.83 million yuan [1] - Debang Lighting (603303) closed at 14.66, up 1.24%, with a trading volume of 32,300 shares and a transaction value of 46.73 million yuan [1] - Lida Xin (605365) closed at 20.77, down 3.44%, with a trading volume of 93,400 shares and a transaction value of 194 million yuan [2] - Sunshine Lighting (600261) closed at 3.65, down 2.14%, with a trading volume of 182,900 shares and a transaction value of 66.54 million yuan [2] Capital Flow Analysis - The lighting equipment sector saw a net outflow of 62.41 million yuan from institutional investors, while retail investors had a net inflow of 44.31 million yuan [2] - The overall capital flow indicates that retail investors are more active in the sector despite the institutional outflow [2] Detailed Capital Flow for Selected Stocks - OPPLE Lighting had a net inflow of 7.01 million yuan from institutional investors, while retail investors had a net outflow of 5.84 million yuan [3] - Debang Lighting experienced a net inflow of 2.21 million yuan from institutional investors, with retail investors seeing a net inflow of 1.23 million yuan [3] - Lida Xin had a net outflow of 1.01 million yuan from institutional investors, indicating a negative sentiment among larger investors [3]

Core Insights - The solar street light market in China is experiencing significant growth potential, transitioning from initial application to market promotion and scaling up towards intelligent upgrades, driven by technological advancements and increasing demand [1][11] Market Overview - The market size of China's solar street light industry is projected to grow from 291 million yuan in 2019 to 385 million yuan in 2024, with a compound annual growth rate (CAGR) of 5.76% [1][12] - By 2025, the market size is expected to reach 407 million yuan [1] Industry Development - The solar street light industry has evolved from the 1970s, initially limited by low efficiency and storage capacity, to widespread application in urban and rural areas since the 21st century [7][11] - The production volume of solar street lights is forecasted to increase from 543,500 units in 2019 to 642,600 units in 2024, with a CAGR of 3.41% [11][12] - Sales volume is expected to rise from 458,200 units in 2019 to 571,000 units in 2024, with a CAGR of 4.5% [11][12] Technological Advancements - Continuous improvements in photovoltaic and storage technologies are leading to enhanced efficiency and cost optimization, facilitating the transition towards intelligent solar street lights [1][11] - The efficiency of single crystal PERC cells has surpassed 23%, and new battery technologies are emerging, significantly reducing initial investment costs and extending the lifespan of solar street lights [11] Industry Chain - The solar street light industry chain includes upstream raw material supply (solar panels, lithium batteries, LED lights), midstream manufacturing and assembly, and downstream applications in parks, squares, and urban roads [8][11] Key Players - Major companies in the solar street light industry include Qunshang Co., Ltd., Zhouming Technology, and Jiawei New Energy, among others [2][13] - The competitive landscape is characterized by a mix of national brands and numerous regional manufacturers, with a shift towards comprehensive solutions that integrate smart control systems [13] Future Trends - The integration of smart management platforms and IoT technologies is expected to transform solar street lights into critical nodes for urban data collection and management [15] - Innovations in materials and storage technologies will drive performance improvements, with a focus on higher efficiency solar cells and advanced battery solutions [17] - Aesthetic design and scene-specific customization are becoming focal points for competition, moving beyond basic functionality to enhance visual appeal and environmental integration [18]

Core Viewpoint - The lighting equipment sector experienced a slight increase of 0.04% on January 21, with Xiaosong Co. leading the gains. The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1]. Group 1: Market Performance - Xiaosong Co. (002723) led the sector with a closing price of 9.03, reflecting a gain of 2.50% and a trading volume of 117,500 shares, amounting to a transaction value of 106 million yuan [1]. - Other notable performers included Sanxiong Aurora (300625) with a closing price of 12.79, up 0.95%, and Debang Lighting (603303) at 14.29, up 0.92% [1]. - The overall trading volume and transaction values for various companies in the lighting equipment sector were detailed, indicating active market participation [1]. Group 2: Capital Flow - The lighting equipment sector saw a net outflow of 25.49 million yuan from institutional investors, while retail investors contributed a net inflow of 35.79 million yuan [2]. - The capital flow data highlighted that Xiaosong Co. experienced a net inflow of 4.08 million yuan from institutional investors, while it faced a net outflow of 4.04 million yuan from speculative funds [3]. - Other companies like Hengtai Lighting (920339) and Debang Lighting (603303) showed mixed capital flows, with varying degrees of net inflows and outflows from different investor categories [3].

Group 1 - The lighting equipment sector increased by 2.72% on January 19, with Qunshang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Qunshang Co., Ltd. saw a closing price of 3.19, with a rise of 10.00%, and a trading volume of 756,600 shares, amounting to a transaction value of 234 million yuan [1] Group 2 - The main funds in the lighting equipment sector had a net inflow of 104 million yuan, while retail investors experienced a net outflow of 61.36 million yuan [2] - The trading data shows that Qunshang Co., Ltd. had a net inflow of 84.74 million yuan from main funds, accounting for 36.16% of its trading volume [3] - Sunshine Lighting had a net inflow of 26.89 million yuan from main funds, representing 12.61% of its trading volume [3]