（文章来源：证券日报） 证券日报网讯 1月8日，经纬辉开在互动平台回答投资者提问时表示，公司收购中兴系统事宜目前已按 照前期公告的内容签订协议，并按照协议内容推进执行，如有变更会及时公告，请以公司公告为准。 ...

证券日报网讯1月7日，经纬辉开（300120）发布公告称，公司不存在逾期担保、涉及诉讼的担保。 ...

证券代码：300120 证券简称：经纬辉开 公告编号：2026-01 天津经纬辉开光电股份有限公司 关于担保进展的公告 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、担保情况概述 天津经纬辉开光电股份有限公司（以下简称"经纬辉开"或"公司"）分别 于 2024 年 12 月 30 日、2025 年 1 月 16 日召开了第六届董事会第八次会议、2025 年第一次临时股东大会，审议通过了《关于 2025 年度公司及子公司申请综合授 信及提供担保事宜的议案》，同意 2025 年度公司及子公司拟向银行及非银行等 金融机构申请综合授信额度累计不超过 241,700 万元人民币，并为不超过 222,700 万元的综合授信额度提供担保，综合授信期限为自公司股东大会审议通 过之日起不超过 12 个月。 2024-69）、《关于调整 2025 年度公司及子公司申请综合授信及提供担保的公告》 （公告编号：2025-24）。 二、担保进展情况 上述担保事项为未来有效期内的预计发生额，授信期限内，授信额度及担保 额度可循环使用，授信额度和担保额度可在各金融机构之间按照实际情况 ...

内容概要：近年来，我国换位导线行业市场规模呈现上升趋势，2024年中国换位导线行业市场规模从 2022年的42亿元增长至82亿元。这一增长一方面得益于电力基础设施建设的强力拉动，换位导线作为特 高压变压器、电抗器等核心设备的关键材料，其需求不断增长，同时老旧电网改造的稳步进行，也进一 步增加了换位导线的需求。另一方面，在 "双碳" 目标推动下，风电、光伏等新能源产业快速扩张，成 为换位导线市场增长的核心新引擎。此外，传统工业和轨道交通领域的升级改造，为换位导线市场提供 了额外增长动力。预计2025年在政策和技术的推动下，中国换位导线行业市场规模将继续保持增长趋 势，达到100亿元以上。 相关上市企业：宏远股份（920018）、经纬辉开（300120）、金杯电工（002533）、特变电工 （600089）、保变电气（600550）、金田股份（601609）、云南铜业（000878）、铜陵有色 （000630）、中国西电（601179）等。 相关企业：保定天威集团特变电气有限公司、西安华隆电工器材有限公司、南通市百威电气有限公司、 江苏柏森电气有限公司、扬州市三合新能源股份有限公司、铜陵杨铜电气有限公司、江苏锡洲 ...

Core Viewpoint - The company Jingwei Huirun plans to acquire 100% equity of Zhongxing System Technology Co., Ltd. for 850 million yuan in cash, resulting in a stock price surge. The acquisition comes with a staggering premium of 1077%, while the company's cash reserves are only 811 million yuan, which is less than the acquisition price [1][10]. Group 1: Financial Performance and Valuation - In the first half of 2025, Jingwei Huirun reported revenue of 1.275 billion yuan, a year-on-year decline of 20.23%, and a net profit of 14.08 million yuan, down 70.78% [2][11]. - The target company, Zhongxing System, is projected to have a net profit of 65.92 million yuan in 2024 and 31.70 million yuan in the first half of 2025, which is more than double Jingwei Huirun's net profit for the same period [2][11]. - The valuation premium of 1077% is contentious, with Zhongxing System's total equity assessed at 853 million yuan, while its net assets were only 72.49 million yuan as of June 2025 [2][11]. Group 2: Debt and Financial Structure - Zhongxing System has a high debt-to-asset ratio of 96%, indicating a leveraged operation that significantly affects its risk resilience [3][12]. - Jingwei Huirun's acquisition is entirely cash-based, putting pressure on its cash flow, as its cash reserves of 811 million yuan are below the acquisition cost of 850 million yuan. The company's interest-bearing liabilities, including short-term loans and current portion of non-current liabilities, total 852 million yuan [5][14]. - The target company's total liabilities amount to 1.819 billion yuan against total assets of 1.892 billion yuan, resulting in a debt ratio of 96.17% [7][16]. Group 3: Strategic Considerations - The funding for the acquisition is described as "self-owned funds or self-raised funds," leaving room for potential future debt financing [6][15]. - This acquisition represents a cross-industry merger, as Jingwei Huirun's main business is in liquid crystal displays and electromagnetic wire products, while Zhongxing System specializes in private network communication systems and digital technology services [6][15]. - The rapid technological updates in the private network communication industry necessitate continuous R&D investment, posing new challenges for Jingwei Huirun, which primarily operates in traditional manufacturing [6][15].

证券日报网讯 12月8日晚间，经纬辉开发布公告称，持有本公司股份61，302，902股（占公司总股本比 例为10.67%）的董事、高级管理人员陈建波先生计划自公司披露股份减持计划公告之日起15个交易日 后的3个月内（自2025年12月31日至2026年3月30日）以集中竞价、大宗交易等合法合规的方式减持本公 司股份不超过14，359，000股（占公司总股本的2.50%）。 （文章来源：证券日报） ...

Group 1 - Trump announced that Nvidia is allowed to export H200 AI chips to "approved customers" in China, with the U.S. requiring a 25% revenue share from sales, applicable to companies like AMD as well [2] - The White House economic advisor Hassett stated that Trump will announce numerous positive economic messages and advocated for continued interest rate cuts by the Federal Reserve, emphasizing that the extent of cuts should depend on data [2] - Trump plans to introduce a "One Rule" executive order to streamline regulations for AI businesses, asserting that companies should not need separate approvals from all 50 states for operations [2] Group 2 - The Dow Jones fell by 0.45%, the Nasdaq decreased by 0.14%, and the S&P 500 dropped by 0.35%, with most large tech stocks declining [3][4] - Notable declines included Tesla down over 3%, Google down over 2%, and Amazon down over 1%, while Nvidia and Microsoft saw gains of over 1% [3][4] - The Nasdaq Golden Dragon China Index rose by 0.08%, with Baidu up over 3% and Xpeng up over 2%, while Netease fell over 2% [3] Group 3 - WTI crude oil futures fell by $1.20, nearly 2%, closing at $58.88 per barrel, while Brent crude oil futures dropped by $1.26, or 1.98%, to $62.49 per barrel [5][7] - Spot gold decreased by 0.13% to $4190.48 per ounce, and spot silver fell by 0.22% to $58.13 per ounce [5][7] Group 4 - OpenAI reported a 143% increase in global paid enterprise users, with over 100,000 companies using its AI products, and employees saving 40 to 60 minutes daily using AI [11] - The technology sector saw an 11-fold increase in AI usage, with rapid growth in international markets like Germany and Japan [11] Group 5 - Paramount announced a hostile takeover bid for Warner Bros. at $30 per share, totaling $108.4 billion, following Netflix's recent agreement to acquire part of Warner's core business [12] - Trump expressed his intention to be involved in the Netflix acquisition decision, citing concerns over market share [12] Group 6 - Apple’s hardware technology senior vice president denied rumors of leaving the company, while the iPhone 17 Pro series saw a price drop, with the Pro model reduced from 8999 yuan to 8699 yuan [13]

科锐国际：控股股东泰永康达拟减持不超过3%公司股份 (本文来自第一财经) 长江电力：近期控股股东中国三峡集团增持28.84亿元公司股份 中富电路：控股股东、实际控制人之一致行动人中富电子、睿山科技、泓锋实业拟合计减持不超3%股 份 *ST绿康：股东江苏百兴拟减持不超3%公司股份 中自科技：股东银鞍岭英拟减持不超3%公司股份 宏德股份：控股股东及其一致行动人拟合计减持不超3%股份 经纬辉开：董事陈建波拟减持不超2.50%股份 东威科技：董事及核心技术人员拟合计减持不超1.11%股份 国信证券：华润信托和一汽投资拟合计减持不超0.72%公司股份 海格通信：股东杨海洲拟减持不超0.14%公司股份 香飘飘：大股东杨冬云拟减持不超0.10%公司股份 天际股份：控股股东汕头天际12月8日减持351.99万股 永辉超市：持股5%以上股东一致行动人12月4日-12月8日减持9075万股 闻泰科技：股东无锡国联集成电路投资中心11月27日至12月8日期间减持1184.5万股 ...

格隆汇12月8日丨经纬辉开(300120.SZ)公布，董事、高级管理人员陈建波先生计划自公司披露股份减持 计划公告之日起15个交易日后的3个月内（自2025年12月31日至2026年3月30日）以集中竞价、大宗交易 等合法合规的方式减持本公司股份不超过14,359,000股（占公司总股本的2.50%）。 ...

智通财经APP讯， 经纬辉开(300120.SZ)公告，公司董事、高级管理人员陈建波先生计划自2025年12月 31日至2026年3月30日以集中竞价、大宗交易等合法合规的方式减持公司股份不超过1435.9万股(占公司 总股本的2.50%)。 ...