证券日报网讯 1月27日，深南电路发布公告称，公司预计2025年度归属于上市公司股东的净利润为 315，431.00万元至334，206.66万元，比上年同期增长68.00%至78.00%。 （编辑 丛可心） ...

深南电路（002916）(002916.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润31.54 亿元至33.42亿元，同比增长68.00%至78.00%;扣除非经常性损益后的净利润29.93亿元至31.67亿元，同 比增长72.00%至82.00%。 ...

智通财经APP讯，深南电路(002916.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 31.54亿元至33.42亿元，同比增长68.00%至78.00%;扣除非经常性损益后的净利润29.93亿元至31.67亿 元，同比增长72.00%至82.00%。 ...

Suspension and Resumption - Jiasitang's shareholder, Everbright Industrial, is planning a transfer of company shares, leading to a stock suspension [1] Share Buyback - Pianzaihuang's controlling shareholder, Jiulongjiang Group, intends to increase its stake in the company by 300 million to 500 million yuan. The Phase I clinical trial of the innovative drug PZH2113 has completed the enrollment of the first subject, with no similar indication drugs approved in the domestic and international markets [2] Mergers and Acquisitions - Tailinwei plans to acquire 100% equity of Panqi Micro through a combination of issuing shares and cash payment [3] Business Operations - Baitong Energy plans to invest approximately 400 million USD through its wholly-owned subsidiary, Tuda Aluminum, in a project with Angola's Dande Port Development Company, establishing a wholly-owned company, Baitong Tuda (Angola) Aluminum [4] - Puluo Pharmaceutical has signed a strategic cooperation framework agreement with Hangzhou Derui Zhiyao Technology Co., Ltd. to develop a long-term collaboration on CDMO projects [4] - Nord shares intend to upgrade and transform the production line equipment of its wholly-owned subsidiary, Qinghai Electronics, with an estimated total investment of 168 million yuan, expanding production capabilities to include high-end lithium battery copper foil [4] Performance Changes - Guotai Haitong expects a net profit of 27.533 billion to 28.006 billion yuan for 2025, representing a year-on-year increase of 111% to 115%, driven by significant growth in wealth management, institutional, and trading business revenues [5] - Shenwan Hongyuan anticipates a net profit of 9.1 billion to 10.1 billion yuan for 2025, a year-on-year growth of 75% to 94% [6] - Yahua Group projects a net profit of 600 million to 680 million yuan for 2025, reflecting a year-on-year increase of 133.36% to 164.47%, supported by stable orders from high-quality clients and a rebound in lithium salt market prices [6] - Ganfeng Lithium expects a net profit of 1.1 billion to 1.65 billion yuan for 2025, marking a turnaround from losses [7] - Zhongjin Gold anticipates a net profit of 4.8 billion to 5.4 billion yuan for 2025, a year-on-year increase of 41.76% to 59.48%, primarily due to improved profitability in its mineral gold business [7] - Nanya New Materials expects a net profit of 220 million to 260 million yuan for 2025, a year-on-year growth of 337.20% to 416.69%, driven by a recovery in demand in the copper-clad laminate industry [7] - Shijia Photon anticipates a net profit of approximately 342 million yuan for 2025, reflecting a year-on-year increase of about 425.95%, supported by rapid growth in the data communication market driven by AI development [7] - Zhenlei Technology projects a net profit of 123 million to 145 million yuan for 2025, a year-on-year increase of 529.64% to 642.26%, benefiting from increased demand in the special integrated circuit industry [8] - Yihua shares expect a net profit of 310 million to 390 million yuan for 2025, a year-on-year growth of 149.66% to 214.09%, driven by the development of the computing power industry [8] - Electric Investment and Financing anticipates a net profit of 3 billion to 3.5 billion yuan for 2025, a year-on-year increase of 187.37% to 235.26%, due to the inclusion of Electric Investment Nuclear Power in the consolidated financial statements following a major asset restructuring [8] - Hongxin Electronics expects a net profit of 110 million to 150 million yuan for 2025, a year-on-year increase of 93.61% to 164.01%, with profitability in its FPC business and rapid growth in computing power business driven by the ALL IN AI strategy [8] - Shennan Circuit anticipates a net profit of 3.154 billion to 3.342 billion yuan for 2025, a year-on-year increase of 68% to 78% [8] - Hudian shares expect a net profit of 3.822 billion yuan for 2025, a year-on-year increase of 48% [8]

Group 1 - The company, Shenzhen Sannuo Circuit, forecasts a net profit attributable to shareholders of 315,431 million to 334,206 million yuan for 2025, representing a year-on-year growth of 68.00% to 78.00% [1] - The basic earnings per share are expected to be between 4.73 yuan and 5.01 yuan [1] - The main reasons for the performance change include leveraging opportunities from AI computing power upgrades, increased demand in the storage market, and the electrification and intelligence of automobiles [1] Group 2 - The company has strengthened market development efforts and enhanced market competitiveness, which has driven product structure optimization [1] - There is a focus on advancing digital transformation and upgrading smart manufacturing to improve operational management capabilities [1] - These initiatives are expected to contribute to the company's revenue scale and profit growth compared to the previous year [1]

Group 1 - Heng Rui Medicine's HRS-5346 tablet has been included in the list of breakthrough therapeutic varieties by the National Medical Products Administration, with a total R&D investment of approximately 76.3 million yuan [2] - Yu Guang Jin Lead announced a significant stock price increase of 45.01% over five trading days, expressing uncertainty about the future price of silver [3] - Dongcai Technology's actual controller and vice chairman has been detained for investigation, but the company states that this will not significantly impact its normal operations [4] Group 2 - Aisen Co. plans to invest 2 billion yuan to establish an integrated circuit materials manufacturing base in East China, with the first phase expected to be operational by 2028 [5] - Jingpin Special Equipment has been banned from participating in procurement activities for three years, but the impact on overall operations is considered limited [6] - Nanhua Futures' overseas subsidiary has obtained membership at the Nodal Exchange, allowing it to trade and clear related products [7] Group 3 - Di'er Laser is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its international strategy [8] - Zhong Rare Earth expects a net profit of 100 million to 130 million yuan in 2025, reversing a loss from the previous year due to market improvements [10] - Shen Nan Circuit anticipates a net profit increase of 68% to 78% in 2025, driven by demand in AI computing and smart automotive sectors [11] Group 4 - Hai Xin Energy Science and Technology expects a net loss of 450 million to 640 million yuan in 2025, although this is an improvement from the previous year's loss [12] - Nan Ya New Materials forecasts a net profit increase of 337% to 417% in 2025, attributed to a recovery in the copper-clad laminate industry [13] - CanSino expects a net profit of 24.5 million to 29 million yuan in 2025, driven by the growth of its quadrivalent meningococcal vaccine [14] Group 5 - Zhi Guang Electric anticipates a net profit of 110 million to 160 million yuan in 2025, reversing a previous loss due to growth in its energy storage business [15] - Dongfang Securities expects a net profit increase of 67.8% in 2025, benefiting from capital market opportunities [17] - Jinlong Automobile forecasts a net profit increase of 193.68% in 2025, supported by growth in overseas markets [18] Group 6 - Zhen Lei Technology expects a net profit increase of 529.64% to 642.26% in 2025, driven by demand in special integrated circuits [19] - Yong Ding Co. anticipates a net profit of 200 million to 300 million yuan in 2025, reflecting significant growth from investment income [20] - Xiamen Tungsten's preliminary report indicates a net profit of 2.311 billion yuan in 2025, a 35.08% increase year-on-year [21] Group 7 - Guo Dun Quantum expects a net profit of 5 million yuan in 2025, marking a return to profitability [22] - Shi Jia Photon forecasts a net profit increase of approximately 426% in 2025, driven by growth in optical chip orders [23] - Ningbo Fubang anticipates a net profit increase of 3099.59% to 4379.43% in 2025, largely due to rising silver prices and significant non-recurring gains [24] Group 8 - Huasheng Lithium Battery plans to adjust its share repurchase price limit from 32 yuan to 150 yuan per share [26] - Aonong Biological announced plans for multiple shareholders to reduce their stakes [28] - Pizaihuang's controlling shareholder intends to increase its stake by 300 million to 500 million yuan [29]

Core Viewpoint - The company expects a net profit of 3.154 billion to 3.342 billion yuan for the year 2025, representing a year-on-year growth of 68% to 78% [1] Group 1: Growth Opportunities - The company is capitalizing on three major growth opportunities: AI computing power upgrades, increased demand in the storage market, and the electrification and intelligence of automobiles [1] - The company is enhancing its market development capabilities and competitiveness to drive product structure optimization [1] Group 2: Digital Transformation and Operational Efficiency - The company is advancing its digital transformation and smart manufacturing upgrades to improve operational management capabilities [1] - These initiatives are expected to contribute to the company's revenue scale and profit growth compared to the previous year [1]

证券代码：002916 证券简称：深南电路 公告编号：2026-007 深南电路股份有限公司 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：预计净利润为正值且属于同向上升 50%以上情形 单位：万元 | 项 | 目 | 本报告期 | | | | 上年同期 | | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | | | 315,431.00 | ～ | 334,206.66 | 187,756.55 | | 股东的净利润 | 比上年同期增长 | | 68.00% | ～ | 78.00% | | | 扣除非经常性损 | | | 299,258.09 | ～ | 316,656.82 | 173,987.26 | | 益后的净利润 | 比上年同期增长 | | 72.00% | ～ | 82.00% | | | 基本每股收益 （元/股） | | | 4.73 ...

Market Performance - The component sector increased by 2.2% on January 27, with Huazheng New Materials leading the gains [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] Top Gainers in the Component Sector - Huazheng New Materials (603186) closed at 71.07, up 6.89% with a trading volume of 135,400 shares and a transaction value of 924 million [1] - Shiyun Circuit (603920) closed at 68.25, up 6.36% with a trading volume of 413,800 shares and a transaction value of 2.722 billion [1] - Pengding Holdings (002938) closed at 60.49, up 5.97% with a trading volume of 481,600 shares and a transaction value of 2.877 billion [1] - Other notable gainers include Nanya New Materials (5.89%), Fangbang Co. (5.36%), and ShenNan Circuit (5.15%) [1] Market Capital Flow - The component sector saw a net inflow of 980 million from main funds, while retail funds experienced a net outflow of 375 million [2][3] - The main funds' net inflow was significant in stocks like Dongshan Precision (6.69 million) and Shenghong Technology (3.23 million) [3] Notable Decliners - ST Dongjing (002199) closed at 9.64, down 5.02% with a trading volume of 63,600 shares and a transaction value of 62.352 million [2] - Fangzheng Technology (600601) closed at 11.87, down 2.63% with a trading volume of 1,722,700 shares and a transaction value of 2.041 billion [2] - Other decliners include Zhongjing Electronics (2.09%) and Xunjiexing (1.92%) [2]

Core Viewpoint - The PCB sector is experiencing significant performance growth driven by AI demand, with several key investment themes identified for 2023 [1][2]. Investment Themes - **PCB Upgrade Trend**: The commercialization of CoWoP technology is accelerating, leading to a new round of upgrades in AI PCB products. mSAP capacity, equipment, and technical capabilities will become higher competitive thresholds for PCB manufacturers, presenting investment opportunities across the mSAP supply chain [1][2]. - **CCL Upgrade from M8 to M9**: The transition from M8 to M9 CCL is a definitive trend, with an increasing number of GPUs, ASIC servers, and 1.6T switches adopting M9 CCL. The usage of Q fabric, HVLP 3-4, and hydrocarbon resins will continue to rise rapidly [1][2]. - **Upstream Material Price Increases**: The price of upstream materials is still in an upward cycle, which is expected to further improve profitability [1][3]. - **Rising Demand for Substrates**: Demand for BT substrates is increasing, with continuous price hikes, while ABF substrate demand is beginning to overflow to domestic manufacturers [1][4]. Market Performance - The PCB sector's performance has exceeded market expectations, particularly in the upstream materials and equipment segments, driven by global AI PCB capacity expansion. Companies like Jin'an Guoji and Huazheng New Materials in the CCL segment, and Dazhu CNC and Chipbase in the equipment segment, have shown significant excess returns [2]. Price Trends - The CCL industry average price has increased by 20%-30% in 2025, with expectations for further price hikes in 2026 potentially exceeding those of 2025 due to supply-demand dynamics and raw material price trends [3]. Demand Dynamics - The global AI data center's storage demand is robust, with TSMC's capital expenditure for 2026 projected at $52-56 billion, significantly above market expectations. This indicates a strong upward trend in storage chip demand, leading to continuous price increases for BT substrates and the overflow of ABF substrate demand to domestic suppliers [4].