证券日报网讯 12月30日，长信科技在互动平台回答投资者提问时表示，截至2025年12月10日公司持股 户数为121679户。 （文章来源：证券日报） ...

Core Viewpoint - The company emphasizes that its stock price fluctuations in the secondary market are influenced by multiple factors, while its operational activities are currently running smoothly and in an orderly manner [1] Group 1: Company Operations - The company is committed to investor returns and shares its development achievements with shareholders [1] - The company adheres to regulatory requirements and aligns its actions with its development status and financial arrangements [1] Group 2: Future Outlook - The company plans to continue its steady development of core businesses, enhance its core competitiveness, and increase long-term investment value [1] - The company aims to consistently communicate its operational results to investors [1]

Group 1 - The core point of the article highlights that Changxin Technology's stock price increased by 1% to 6.05 CNY per share, with a trading volume of 51.99 million CNY and a turnover rate of 0.35%, resulting in a total market capitalization of 15.11 billion CNY [1] - Changxin Technology, established on January 19, 2006, and listed on May 26, 2010, is located in the Wuhu area of the China (Anhui) Free Trade Pilot Zone and specializes in automotive electronics, ultra-thin LCD panels, flexible glass covers (UTG), and consumer electronics [1] - The company's main business revenue is entirely derived from touch display device materials, accounting for 100% of its revenue [1] Group 2 - Among the top circulating shareholders of Changxin Technology, Huaxia Fund's Huaxia CSI 1000 ETF (159845) reduced its holdings by 25,200 shares in the third quarter, now holding 13.58 million shares, which represents 0.55% of the circulating shares [2] - The Huaxia CSI 1000 ETF has a current scale of 45.469 billion CNY and has achieved a year-to-date return of 29.03%, ranking 1865 out of 4195 in its category, with a one-year return of 24.56%, ranking 2070 out of 4179 [2] - The fund manager, Zhao Zongting, has been in position for 8 years and 260 days, overseeing a total fund asset scale of 355.865 billion CNY, with the best fund return during his tenure being 124.34% and the worst being -32.63% [2]

Core Viewpoint - Changxin Technology (300088.SZ) provides mid-to-high-end display module products for mobile phones, wearables, NB, and PAD, establishing long-term and stable deep cooperation with numerous mobile brand clients [1] Group 1 - The company serves H customers with display module products [1] - The company has formed long-term and stable partnerships with various mobile brand clients [1]

Core Viewpoint - Changxin Technology (300088.SZ) provides mid-to-high-end display module products for mobile phones, wearables, NB, and PAD, establishing long-term and stable deep cooperation with numerous mobile brand clients [1] Group 1 - The company serves H customers with display module products [1] - The company has formed long-term and stable partnerships with various mobile brand clients [1]

Group 1 - The Anhui Provincial Government has awarded the 7th Anhui Provincial Government Quality Award to four organizations and an individual for their outstanding contributions to quality work [2] - The awarded organizations include Anhui Wanwei High-tech Materials Co., Ltd., Baowu Group Maanshan Rail Transit Materials Technology Co., Ltd., Chery Commercial Vehicle (Anhui) Co., Ltd., and Lenovo (Hefei) Electronic Technology Co., Ltd. [2] - The nomination award was given to eight organizations and two individuals, highlighting the importance of quality management and innovation in enhancing brand competitiveness and economic development [2][3] Group 2 - The announcement emphasizes the need for recognized organizations and individuals to continue their efforts in improving quality and promoting high-quality development [3] - It encourages local entities and quality workers to learn from the awarded parties and enhance quality awareness, aligning with the spirit of the 20th National Congress of the Communist Party of China [3] - The initiative aims to support the construction of a strong quality foundation for Anhui's economic development during the 14th Five-Year Plan period and contribute to the modernization of the province [3]

Investment Rating - The report gives an "Outperform the Market" rating for the company [5][40]. Core Insights - The company is a leader in touch display modules and is positioned to benefit from the growth in automotive electronics and the adoption of new technologies such as foldable screens [3][32]. - The company has a strong market presence, being the largest manufacturer of ITO conductive glass globally and holding a 50% market share in TFT LCD substrate thinning [1][7]. - The automotive electronics segment is highlighted as a key growth area, with the company providing integrated touch display modules for over 70% of global vehicle brands [2][32]. Summary by Sections Company Overview - Founded in 2000 and listed on the Shenzhen Stock Exchange in 2010, the company specializes in the research, production, and sales of key components for flat panel displays, including ITO conductive glass and touch sensors [1][7]. - The company has established itself as a significant player in the automotive touch display market, with a comprehensive product range that includes 3D curved automotive cover plates and display modules [2][3]. Financial Projections - The company is expected to achieve revenues of 88.89 billion, 110.58 billion, and 119.43 billion CNY for the years 2023, 2024, and 2025 respectively, with year-on-year growth rates of 27.2%, 24.4%, and 8.0% [4][35]. - Net profit projections for 2025, 2026, and 2027 are 3.92 billion, 5.17 billion, and 7.12 billion CNY, reflecting growth rates of 10.0%, 31.8%, and 37.6% [3][35]. Valuation - The report estimates a reasonable valuation range for the company's stock between 6.95 and 7.37 CNY, indicating a potential upside of 17.42% to 24.54% from the current price of 6.07 CNY [5][40]. - The valuation is based on a relative valuation method, comparing the company to similar firms in the industry [38][40]. Market Position and Competitive Advantage - The company is the only supplier in mainland China certified for thinning business by a major North American client, which enhances its competitive edge [1][2]. - The company has a robust client base, including major brands like Huawei, OPPO, and VIVO, which positions it well for future growth in high-end markets [1][2].

Core Insights - Changxin Technology's stock increased by 0.85% on December 19, with a trading volume of 163 million yuan, indicating a positive market response [1] - The company experienced a net financing outflow of 4.32 million yuan on the same day, with a total financing and margin trading balance of 1.104 billion yuan [1] - For the period from January to September 2025, Changxin Technology reported a revenue of 8.958 billion yuan, reflecting a year-on-year growth of 3.72%, while the net profit attributable to shareholders decreased by 2.54% to 285 million yuan [2] Financing and Margin Trading - On December 19, Changxin Technology had a financing buy-in of 21.6952 million yuan, with a financing balance of 1.101 billion yuan, representing 7.43% of its market capitalization [1] - The financing balance is currently below the 30th percentile level over the past year, indicating a low position [1] - The company repaid 6,000 shares of margin trading on December 19, with a margin trading balance of 2.9555 million yuan, which is above the 50th percentile level over the past year, indicating a relatively high position [1] Shareholder Structure - As of November 10, the number of shareholders for Changxin Technology reached 121,700, an increase of 0.70% from the previous period [2] - The average number of circulating shares per shareholder decreased by 0.70% to 20,418 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 46.5347 million shares, and several ETFs that have seen varying changes in their holdings [2]

Core Viewpoint - Changxin Technology announced the approval of several proposals, including the revision of certain governance systems during the 20th meeting of the 7th Board of Directors [2] Group 1 - The company held its 20th meeting of the 7th Board of Directors on December 15 [2] - The meeting resulted in the approval of multiple proposals, indicating ongoing governance improvements [2] - The specific details of the revised governance systems were not disclosed in the announcement [2]

2024年1至12月份，长信科技的营业收入构成为：电子材料行业占比100.0%。 （记者 王晓波） 每经AI快讯，长信科技（SZ 300088，收盘价：5.95元）12月15日晚间发布公告称，公司第七届第二十 次董事会会议于2025年12月15日以通讯会议方式召开。会议审议了《关于修订 <公司章程> 的议案》等 文件。 截至发稿，长信科技市值为149亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ ...