Group 1 - The other electronic sector experienced a decline of 0.58% on December 19, with Jiemai Technology leading the drop [1] - The Shanghai Composite Index closed at 3890.45, up 0.36%, while the Shenzhen Component Index closed at 13140.22, up 0.66% [1] Group 2 - On the same day, the other electronic sector saw a net outflow of 176 million yuan from institutional funds, while retail investors contributed a net inflow of 22.28 million yuan [2] - Speculative funds recorded a net inflow of 154 million yuan into the other electronic sector [2]

Group 1 - The core point of the news is that Jiemai Technology's stock price dropped by 5.11% to 28.96 CNY per share, with a trading volume of 139 million CNY and a turnover rate of 1.16%, resulting in a total market capitalization of 12.48 billion CNY [1] - Jiemai Technology, established on April 9, 2001, is located in the Anji Economic Development Zone, Zhejiang Province, and was listed on April 7, 2017. The company specializes in the research, production, and sales of electronic component thin carrier tapes [1] - The main revenue composition of Jiemai Technology includes electronic packaging materials at 83.94%, electronic-grade film materials at 12.02%, and other products at 4.04% [1] Group 2 - From the perspective of the top ten circulating shareholders, the fund under Quanguo Fund ranks among the top shareholders of Jiemai Technology. The Quanguo Xuyuan Three-Year Holding Period Mixed A Fund (016709) entered the top ten shareholders in the third quarter, holding 16.77 million shares, accounting for 4.14% of the circulating shares [2] - The estimated floating loss for the Quanguo Xuyuan Three-Year Holding Period Mixed A Fund today is approximately 26.16 million CNY [2] - The Quanguo Xuyuan Three-Year Holding Period Mixed A Fund was established on October 18, 2022, with a latest scale of 16.33 billion CNY. Year-to-date returns are 38.73%, ranking 1661 out of 8098 in its category, while the one-year return is 34.45%, ranking 1895 out of 8067 [2]

Group 1 - The 2025 Securities Times Analyst Annual Conference and Best Analyst Award Ceremony was held in Suzhou, gathering nearly 2000 guests from over 60 securities firms and nearly 100 listed companies [2][3] - The conference theme was "Going Far by Starting Small, Continuing to Enhance," focusing on enhancing financial service quality and supporting the development of the real economy [2][3] - The event featured keynote speeches from prominent figures, including the Chief Economist of Changjiang Securities and the Chairman of Jiemai Technology, emphasizing the importance of research in identifying market trends [2][3] Group 2 - The 2025 Best Analyst Award winners were announced, with notable firms like Changjiang Securities, GF Securities, and Huachuang Securities recognized for their research excellence [3][4] - The award for the best research team, SSR, was highly anticipated, with top firms showcasing their influence in the industry [3] - In the macroeconomic research category, GF Securities' research team won first place, followed by teams from Huachuang Securities and Zheshang Securities [3] Group 3 - The conference also awarded the "Visionary Investment Institution" prize based on the accuracy of institutions' voting results across 30 research areas, with several prominent funds recognized [4] - Nearly 50 securities firms participated in the awards, with over 1300 institutions applying for voting qualifications, managing assets exceeding 100 trillion yuan [4] Group 4 - From December 18 to 19, top analysts discussed investment strategies for 2026, focusing on macroeconomic trends and market directions [5][6] - Key insights included the characteristics of global narratives and the differentiation of domestic economic drivers, with expectations for a narrowing temperature difference in the economy [6] - Analysts highlighted that stock market valuations remain neutral, with corporate earnings providing some support, while bond markets face limited downward interest rate space [6]

Core Viewpoint - Jiemai Technology has completed a strategic investment in Beijing Critical Field Technology Co., marking its entry into the high-temperature superconducting materials sector and a significant step towards the ultimate energy track of controllable nuclear fusion [1][2]. Investment Details - Jiemai Technology invested 27 million yuan to acquire a 22.50% stake in Beijing Critical Field through a capital increase, with the registered capital of the target company rising from 4 million yuan to 5.3333 million yuan [1]. - The investment aligns with Jiemai's strategy to capitalize on the commercialization opportunities in the ultimate energy sector, particularly in controllable nuclear fusion [2]. Company Profile - Beijing Critical Field has a strong technical foundation and industry competitiveness, with a core team that has over 30 years of experience in high-temperature superconducting technology and has participated in nearly 30 major national projects [2]. - The company focuses on the industrialization of copper-based and nickel-based high-temperature superconducting materials, aiming to break foreign technology monopolies and support transformative technologies such as controllable nuclear fusion and high-temperature superconducting cables [2]. Strategic Significance - The investment is seen as a forward-looking move by Jiemai Technology to integrate into the controllable nuclear fusion industry chain, leveraging its expertise in electronic-grade films and polymer composite materials [2]. - This collaboration is expected to enhance Jiemai's core competitiveness and open new growth avenues by extending its business into critical materials for nuclear fusion [2]. Production Capacity - Beijing Critical Field is in the process of establishing China's first high-quality copper-based superconducting material production line, which will enable large-scale and stable production of superconducting powders and targets [3]. - The establishment of this production line is anticipated to significantly reduce R&D and application costs for downstream enterprises and promote the formation of a complete independent industrial chain for high-temperature superconductors in China [3]. Market Outlook - As controllable nuclear fusion technology approaches commercialization, the demand for high-temperature superconducting materials is expected to surge, presenting a significant market opportunity [3]. - Jiemai Technology's cross-industry investment aligns with its development as a technology-driven platform and positions it well to benefit from the growth in the new energy materials sector [3].

资料显示，北京临界领域成立于2025年，是 家面向变 性技术的综合性材料科技企业。公司聚焦铜基 温 超导材料及相关应 技术的产业化突破，致力于打破国外技术垄断，保障中国高温超导领域关键原材料 的自主可控，为可控核聚变、高温超导电缆、磁悬浮列车等变革性技术的落地和快速发展，提供核心材 料支撑。 值得一提的是，北京临界领域团队核心成员源自中国高温超导领域头部研发团队，在高温超导材料制备 和应用技术研究方面具备30余年技术积淀，曾主持和参与完成国家"863"超导攻关项目、国家重大基础 研究"973"项目、国家自然科学基金、教育部科学技术研究重大项目等近30项，授权国家发明专利30余 项。 浙江大学管理学院特聘教授钱向劲在接受《证券日报》记者采访时表示，可控核聚变的核心是"在极端 环境下实现等离子体的稳定约束与高效能量转换"，而上游材料是突破这一核心的"基石性要素"。 "其中，超导材料是核聚变'约束系统'的核心，与传统低温超导相比，高温超导材料具备三大突出优 势，更高临界温度与磁场、更低运行能耗与更长寿命以及支撑更小体积的装置。而铜基高温超导粉体与 靶材是制备高温超导带材的关键原材料，其品质直接影响高温超导带材的超导 ...

Group 1 - The core point of the article is that Jiemai Technology (002859) announced that neither the company nor its wholly-owned subsidiary has experienced overdue guarantees, litigation related to guarantees, or losses due to being ruled against in guarantee-related judgments [1] Group 2 - The announcement reflects the company's stable financial position and risk management practices [1] - The absence of legal issues or overdue guarantees indicates a lower risk profile for investors [1] - This information may enhance investor confidence in Jiemai Technology's operational integrity [1]

Core Viewpoint - The company is strategically investing in high-performance superconducting materials to support the development of controlled nuclear fusion and high-temperature superconductors, aiming to break foreign technology monopolies and ensure the self-sufficiency of critical materials in China [1][2][3] Group 1: Investment and Partnership - On December 18, 2025, the company announced its investment in Beijing Critical Field Technology Co., Ltd., focusing on upstream key materials for the superconducting industry [1] - The company acquired a 22.50% stake in Beijing Critical Field through a capital increase of RMB 27 million, while another partner, Qingke Chuanglian, acquired a 2.50% stake for RMB 3 million [2] - The registered capital of Beijing Critical Field increased from RMB 4 million to RMB 5.3333 million following this investment [2] Group 2: Technological and Market Implications - The core team of Beijing Critical Field has over 30 years of experience in high-temperature superconducting material research and has participated in significant national projects, holding over 30 patents [1] - The investment aligns with China's "14th Five-Year Plan" for nuclear fusion and aims to capitalize on the commercialization wave in the energy sector, emphasizing the importance of superconducting and key metal materials for the stability and efficiency of fusion devices [2] - The company aims to leverage its expertise in electronic-grade films and polymer composites to synergize with Beijing Critical Field's technological advantages, facilitating a transition into the nuclear fusion materials sector and enhancing its competitive edge [3]

证券日报网讯 12月18日，洁美科技发布公告称，公司在新能源材料领域、新型功能材料领域的产业化 布局及公司战略发展需要，为打造科技型平台企业，前瞻性布局高性能铜基、镍基高温超导粉体和靶 材、铜基高温超导织构块体等高温超导行业上游关键原材料，切入可控核聚变、高温超导材料核心领 域，公司投资参股了北京临界领域科技有限公司（简称"北京临界领域"）。2025年12月17日，公司接到 参股子公司北京临界领域科技有限公司的通知，北京临界领域完成了工商变更登记手续并取得了北京市 市场监督管理局换发的《营业执照》。 （文章来源：证券日报） ...

| 证券代码：002859 | 证券简称：洁美科技 | 公告编号：2025-093 | | --- | --- | --- | | 债券代码：128137 | 债券简称：洁美转债 | | 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。 特别风险提示： 浙江洁美电子科技股份有限公司（以下简称"公司"）及下属全资或控股子公司担保总 余额（担保实际发生额，含本次担保，均为公司合并报表范围内主体之间的担保）超过上市 公司最近一期经审计净资产50%，敬请投资者注意相关风险。 一、担保情况概述 （一）本次担保基本情况 为满足公司经营发展需要，公司于2025年12月17日与中国银行股份有限公司安吉县支行 签署了《最高额保证合同》（合同编号：安吉2025人保165号），为全资子公司浙江洁美电子 信息材料有限公司向中国银行股份有限公司安吉县支行的人民币5,400万元的最高额授信额 度提供连带责任保证。 浙江洁美电子科技股份有限公司 关于为全资子公司提供担保的进展公告 （二）审议程序 浙江洁美电子科技股份有限公司分别于2025年4月15日、2025年5月7日召开第四届董事会 第二 ...

Group 1 - The core viewpoint of the articles indicates that the other electronic sector experienced a slight increase of 0.03% on December 18, with Jiemai Technology leading the gains [1] - The Shanghai Composite Index closed at 3876.37, reflecting an increase of 0.16%, while the Shenzhen Component Index closed at 13053.98, showing a decrease of 1.29% [1] - The net capital outflow from the other electronic sector amounted to 332 million yuan, while retail investors contributed a net inflow of 245 million yuan [2] Group 2 - The main funds in the other electronic sector saw a net outflow of 332 million yuan, with speculative funds showing a net inflow of 86.84 million yuan [2] - The detailed capital flow for individual stocks in the other electronic sector is provided in a table format [2]