Core Viewpoint - The company, Zhongci Electronics, is experiencing high order fulfillment and capacity utilization for its electronic ceramic products, indicating strong market demand and operational efficiency [2]. Company Summary - Zhongci Electronics has reported that its electronic ceramic products, including ceramic shells and substrates, currently have a full order book and maintain a high capacity utilization rate [2]. - The company has been investing in the construction of new production lines for electronic ceramic shells since 2022, focusing on automation and smart upgrades to enhance production capacity and efficiency [2]. - The production line construction is progressing as planned, with capacity gradually being released to meet market demand [2]. - By 2026, the company plans to actively expand production in response to market needs to ensure timely order fulfillment [2].

Core Viewpoint - Zhongci Electronics is a high-tech enterprise specializing in GaN communication base station RF chips and devices, SiC power modules, and electronic ceramics, with a focus on third-generation semiconductor devices and modules, as well as electronic ceramic materials and components [2] Group 1: Business Overview - The company operates in two main areas: third-generation semiconductor devices and modules, and electronic ceramic materials and components [2] - The electronic ceramics business includes communication device ceramic shells, industrial laser ceramic shells, consumer electronics ceramic shells, aluminum nitride thin and thick film substrates, automotive electronic components, and precision ceramic parts [2] Group 2: Applications - The products are widely used in various fields such as optical communication, wireless communication, rail transportation, industrial lasers, consumer electronics, low-carbon heating and cooling, automotive electronics, semiconductor equipment, and low-altitude economy [2] Group 3: Recent Developments - The subsidiary Guolian Wanzhong has upgraded its SiC chip wafer process line from 6 inches to 8 inches, which is now operational and in the product upgrade and customer introduction phase [2] - This upgrade is expected to enhance the market competitiveness of Guolian Wanzhong's SiC power products [2]

Core Viewpoint - The company aims to enhance operational efficiency and overall profitability through the acquisition of GaN RF chip business for communication base stations [2] Group 1: Acquisition Details - The acquired GaN RF chip business includes both high and low power GaN RF chips, covering the chip production and manufacturing stages [2] - The primary customers for these chips are Bowei Company and Guolian Wanzhong, which require GaN RF chips for their terminal products [2]

（文章来源：证券日报） 证券日报网讯 1月20日，中瓷电子在互动平台回答投资者提问时表示，公司暂无应披露而未披露的重大 信息。公司始终严格按照《证券法》《上市公司信息披露管理办法》等相关规定，履行信息披露义务。 ...

Market Overview - The communication equipment sector experienced a decline of 3.62% on January 20, with Tongyu Communication leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable gainers included: - Dingxin Communication (603421) with a closing price of 7.92, up 10.00% on a trading volume of 367,100 shares and a turnover of 287 million [1] - Weisheng Information (688100) closed at 46.16, up 7.15% with a trading volume of 128,400 shares and a turnover of 598 million [1] - Major decliners included: - Tongyu Communication (002792) closed at 46.14, down 10.01% with a trading volume of 656,100 shares and a turnover of 3.158 billion [2] - Datang Telecom (600198) closed at 10.64, down 9.98% with a trading volume of 898,800 shares and a turnover of 971 million [2] Capital Flow - The communication equipment sector saw a net outflow of 12.802 billion from institutional investors, while retail investors experienced a net inflow of 8.096 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Hengtong Optic (600487) had a net inflow of 338 million from institutional investors, while retail investors saw a net outflow of 304 million [3] - Longfly Fiber (601869) experienced a net inflow of 132 million from institutional investors, but a net outflow of 161 million from retail investors [3] - Dingxin Communication (603421) had a significant net inflow of 106 million from institutional investors, while retail investors faced a net outflow of 568 million [3]

Core Viewpoint - The company, Zhongci Electronics, reports strong demand for its electronic ceramic products, maintaining high capacity utilization and progressing with production line expansions and automation efforts to enhance efficiency and meet market needs [1] Group 1: Company Performance - Zhongci Electronics has a full order book for its electronic ceramic products, including ceramic shells and substrates, with high capacity utilization [1] - The company has been investing in the construction of new production lines for electronic ceramic shells since 2022, focusing on automation and efficiency improvements [1] - The production line construction is progressing as planned, with capacity gradually being released to meet market demand [1] Group 2: Future Outlook - By 2026, the company plans to actively expand production in response to market demand, ensuring the fulfillment of order deliveries [1]

资料显示，河北中瓷电子科技股份有限公司位于河北省石家庄市鹿泉经济开发区昌盛大街21号，成立日 期2009年8月6日，上市日期2021年1月4日，公司主营业务涉及氮化镓通信基站射频芯片与器件、碳化硅 功率模块及其应用产品、电子陶瓷系列产品的研发、生产和销售等业务。主营业务收入构成为：电子陶 瓷材料及元件69.39%，第三代半导体器件及模块45.56%。 1月20日，中瓷电子跌5.38%，截至发稿，报76.88元/股，成交3.41亿元，换手率1.28%，总市值346.77亿 元。 南方中证500ETF（510500）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年277天，现任基金资产总规模1702.51亿元，任职期间最佳基金回报 183.13%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从中瓷电子十大流通股东角度 数据显示，南方基金旗下1只基金位居中瓷电子十大流通股东。南方中证500ETF（510500） ...

Group 1 - The core viewpoint of the article highlights a strong rebound in AI computing hardware, with significant gains in related stocks and a forecasted explosive growth in AI server shipments by 2026 [1] - Goldman Sachs' analyst team predicts that the penetration rate of ASIC chips will rise to 40%, leading to a more than double year-on-year increase in shipments of 800G/1.6T optical modules [1] - The acceleration of ASIC chip penetration is expected to drive the AI server and optical communication industries towards a trillion-dollar market [1] Group 2 - In the consumer electronics sector, Apple's upcoming foldable iPhone is anticipated to be a strong catalyst for the smartphone market, while the PC market continues to face significant challenges [1] - Goldman Sachs emphasizes that demand for AI-related technologies and high-end hardware will continue to drive revenue growth in China's semiconductor, optical communication, and PCB industries [1] - Emerging sectors such as smart driving, AI software, and low-orbit satellites are accelerating their implementation due to policy and technological breakthroughs, providing diversified investment opportunities [1] Group 3 - The communication ETF Huaxia (515050) tracks the CSI 5G communication theme index, focusing on electronic (chips, PCBs, consumer electronics) and communication (optical modules, servers) computing hardware [1] - The top five holdings in the ETF include Zhongji Xuchuang, Xinyi Sheng, Luxshare Precision, Industrial Fulian, and Zhaoyi Innovation [1]

截至发稿，陈曦累计任职时间3年331天，现任基金资产总规模1.69亿元，任职期间最佳基金回报 9.23%， 任职期间最差基金回报-7.53%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，财通基金旗下1只基金重仓中瓷电子。财通颐享稳健养老一年持有期混合发起(FOF) （021166）三季度持有股数2700股，与上期相比持股数量不变，占基金净值比例为0.17%，位居第四大 重仓股。根据测算，今日浮盈赚取约1.12万元。 财通颐享稳健养老一年持有期混合发起(FOF)（021166）成立日期2024年9月10日，最新规模9496.37 万。今年以来收益0.16%，同类排名1277/1306；近一年收益6.57%，同类排名876/1032；成立以来收益 9.4%。 财通颐享稳健养老一年持有期混合发起(FOF)（021166）基金经理为陈曦。 1月16日，中瓷电子涨5.4%，截至发稿，报80.80元/股，成交5.72亿元，换手率2.13%，总市值364.45亿 元。 ...

（文章来源：证券日报） 证券日报网讯 1月15日，中瓷电子在互动平台回答投资者提问时表示，公司聚焦于主营业务发展，利用 多元化的员工激励方式，推动核心团队的建设、健全人才培养机制，加强对优秀人才的吸引力，从而保 障上市公司及子公司现有经营团队的稳定和发展。如有相关进展将及时公告。 ...