证券代码：300203 证券简称：聚光科技 公告编号：2026-004 聚光科技（杭州）股份有限公司 关于回购公司股份的进展公告 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。 聚光科技(杭州)股份有限公司(下称"公司")于2025年8月20日召开第五届 董事会第二次会议，审议通过了《关于回购公司股份方案的议案》。同意公司使 用自有资金和自筹资金，以集中竞价交易方式回购部分公司已在境内发行的人民 币普通股（A股）股票，并在未来适宜时机用于实施股权激励计划或员工持股计 划。本次回购资金总额不低于人民币10,000万元（含本数）且不超过人民币15,000 万元（含本数），回购价格不超过人民币29.50元/股（含），回购期限为自公司 董事会审议通过本次回购方案之日起12个月内。具体内容详见公司于2025年8月 20日、2025年8月27日分别在巨潮资讯网披露的《关于回购公司股份方案的公告》 （公告编号：2025-031）、《回购报告书》（公告编号：2025-037）。 公司已取得交通银行股份有限公司杭州浣纱支行出具的《交通银行股票回购 增持贷款承诺函》，承诺为公司提 ...

截至9月30日，聚光科技股东户数2.30万，较上期增加13.30%；人均流通股19483股，较上期减少 11.74%。2025年1月-9月，聚光科技实现营业收入20.50亿元，同比减少11.10%；归母净利润-6233.51万 元，同比减少152.98%。 分红方面，聚光科技A股上市后累计派现6.30亿元。近三年，累计派现1.12亿元。 机构持仓方面，截止2025年9月30日，聚光科技十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股1381.53万股，相比上期减少518.92万股。睿远成长价值混合A（007119）位居第五大流通 股东，持股1085.88万股，相比上期增加242.09万股。诺安先锋混合A（320003）、汇添富医药保健混合 （470006）退出十大流通股东之列。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 1月30日，聚光科技跌1.78%，成交额1.67亿元。两融数据显示，当日聚光 ...

特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我 们的推送。 近期，聚光科技发布2025年业绩预告： 1、业绩预告期间：2 0 2 5年1月1日至2 0 2 5年1 2月3 1日。 2、业绩预告情况：预计净利润为负值 2 0 0 0万元左右；预计PPP等项目减值损失金额较去年同期有所减少。最终 计提减值金额将由公 司聘请的专业评估机构及审计机构进行评估和审计后确定。报告期公 司实现的经营活动产生的 现金流量净额约3 . 7亿元。 一、本期业绩预计情况 | 项目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | -24, 000 | | -19,000 | 20, 686. 18 | | 扣除非经常性损益后的净利润 | -28, 500 | | -23,500 | 12,743.5 | 注 ： 上表中的 " 万 元 " 均 指 人 民 币 万 元 。 二、与会计师事务所沟通情况 本次业绩预告未经会计师事务所审计。但公司已就业绩预告有关事项与会计师事务所 进行了预 沟 ...

Market Overview - On January 30, the environmental equipment sector rose by 0.09% compared to the previous trading day, with Hengyu Environmental leading the gains [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Hengying Environmental (688309) closed at 31.60, up 12.06% with a trading volume of 58,100 shares and a transaction value of 175 million yuan [1] - Other notable performers included Meiyu Technology (688376) with a closing price of 69.02, up 2.77%, and Lihua Technology (300800) at 12.69, up 2.59% [1] - The table of stock performance shows various companies in the environmental equipment sector with their respective closing prices, percentage changes, trading volumes, and transaction values [1] Capital Flow - The environmental equipment sector experienced a net outflow of 124 million yuan from institutional investors, while retail investors saw a net inflow of 151 million yuan [2] - The capital flow table indicates the net inflow and outflow for various stocks within the sector, highlighting the dynamics between institutional and retail investors [2][3] Individual Stock Analysis - Yinfeng Environment (000967) had a net inflow of 28.08 million yuan from institutional investors, while Hengying Environmental (688309) saw a net inflow of 18.60 million yuan [3] - Conversely, Huahong Technology (002645) faced a significant decline of 10.00%, with a trading volume of 323,900 shares and a transaction value of 507 million yuan [2][3]

Group 1 - The company, 聚光科技, has disclosed its performance forecast for the year 2025, expecting a net loss attributable to shareholders of between 190 million and 240 million yuan [1] - The net loss after deducting non-recurring gains and losses is projected to be between 235 million and 285 million yuan [1]

Financial Performance - The company expects a net profit of approximately -24,000 million RMB for the year 2025, compared to -19,000 million RMB in the same period last year[4] - The net profit after deducting non-recurring gains and losses is projected to be -28,500 million RMB, down from -23,500 million RMB year-over-year[4] - The company anticipates a goodwill impairment of approximately 17-20 million RMB for the reporting period, with the final amount to be determined by professional assessment and audit[7] - The performance forecast has not been audited by an accounting firm, and the final financial data will be disclosed in the 2025 annual report[8] Cash Flow and Non-Recurring Items - The net cash flow from operating activities is estimated to be around 370 million RMB[7] - Non-recurring gains and losses for 2025 are expected to be about 45 million RMB, primarily from government subsidies[7] Business Strategy and Market Conditions - The company is focusing on high-end analytical instruments and core supporting businesses to enhance operational capabilities and cash flow management[6] - The main business revenue has declined due to decreased customer demand and intensified industry competition[7] - The company plans to optimize business structure and personnel efficiency in 2026 to achieve sustainable development[7] Investment Advisory - Investors are advised to make cautious decisions and be aware of investment risks[8]

Investment Rating - The report maintains a "Buy" rating for key companies in the environmental monitoring sector, such as Huicheng Environmental and GaoNeng Environment [6][22]. Core Insights - The report highlights the dual drivers of policy and demand in the environmental monitoring sector, indicating that leading companies will continue to benefit from recent regulatory changes [1][12]. - Recent government guidelines signal a shift in soil remediation practices, creating multiple growth opportunities in soil remediation and environmental consulting sectors [1][12]. - The report emphasizes the importance of high dividend assets and growth-oriented companies in the current low macroeconomic interest rate environment [2][22]. Summary by Sections Investment Views - The report discusses the release of guidelines by three departments to enhance the connection between pollution site remediation and development, marking a transition in soil remediation practices [9][12]. - It also covers the introduction of differentiated management for air quality performance in key industries, which provides incentives for companies to transition towards greener practices [13][20]. - The report notes that institutional holdings and valuations in the environmental sector are at historical lows, suggesting a potential for sustained rebounds [22]. Market Performance - The environmental sector outperformed the broader market, with a reported increase of 4.72% compared to the Shanghai Composite Index's 0.84% increase [24]. - Sub-sectors such as monitoring (5.55%), energy saving (7.99%), and solid waste (5.67%) showed significant gains, indicating strong market interest [24]. Industry News - The report mentions the release of the 2026 version of hazardous waste management guidelines, aimed at improving the classification and management of solid waste [35]. - It also highlights the recognition of zero-carbon factories in Henan Province, showcasing advancements in energy efficiency and environmental standards [36]. Key Announcements - The report includes performance forecasts for various companies, indicating significant expected growth for Huicheng Environmental and GaoNeng Environment due to their strong project pipelines and technological advancements [22][23].

Core Insights - The environmental equipment sector experienced a rise of 1.42% on January 22, with Chuangyuan Technology leading the gains [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Environmental Equipment Sector Performance - Chuangyuan Technology (000551) closed at 16.00, up 4.99%, with a trading volume of 616,300 shares and a transaction value of 9.67 billion [1] - ST Jieneng (000820) closed at 4.04, up 4.94%, with a trading volume of 122,900 shares and a transaction value of 49.26 million [1] - Huahong Technology (002645) closed at 16.70, up 3.86%, with a trading volume of 340,500 shares and a transaction value of 560 million [1] - Longjing Environmental Protection (600388) closed at 16.30, up 3.23%, with a trading volume of 127,810 shares and a transaction value of 450 million [1] - Other notable performers include Falsheng (000890) up 3.02% and Yingfeng Environment (000967) up 3.00% [1] Capital Flow Analysis - The environmental equipment sector saw a net outflow of 46.71 million from institutional investors and 29.86 million from retail investors, while retail investors had a net inflow of 76.57 million [2] - Chuangyuan Technology had a net inflow of 86.73 million from institutional investors, while retail investors experienced a net outflow of 66.68 million [3] - Huahong Technology had a net inflow of 35.59 million from institutional investors, with a net outflow of 3.40 million from retail investors [3]

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [6][8]. Core Views - The report highlights that coal and electricity prices are declining simultaneously, which is expected to maintain reasonable profitability for thermal power companies. Recommendations include major thermal power companies such as Huadian International and Shanghai Electric [4][20]. - Continuous government policies supporting the development of renewable energy are anticipated to lead to stable profitability in renewable power generation. Recommended companies include Longyuan Power, Three Gorges Energy, and regional offshore wind power companies [4][20]. - The report notes that the growth in installed capacity and power generation will offset the downward pressure on electricity prices, with nuclear power companies expected to maintain stable profitability. Recommended companies include China Nuclear Power and China General Nuclear Power [4][20]. - The report emphasizes the defensive attributes of hydropower stocks in a global interest rate decline environment, recommending Jiangsu Yangtze Power as a stable and growth-oriented hydropower leader [4][20]. - The environmental sector is entering a mature phase, with significant improvements in free cash flow. The report suggests focusing on "utility-like investment opportunities" in the environmental sector, recommending companies such as China Everbright Environment and Shanghai Industrial Holdings [21]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.57%, while the public utility index increased by 0.06% and the environmental index by 0.27%. The relative returns for public utilities and environmental sectors were 0.63% and 0.84%, respectively [13][22]. Important Events - Shanxi Province initiated a bidding process for the 2026 incremental renewable energy project mechanism, with a total bidding scale of 9.576 billion kWh, including 3.527 billion kWh from wind power and 6.049 billion kWh from solar power. The bidding price range is set between 0.2 and 0.32 yuan/kWh [2][14]. Special Research - The report outlines that over 26 cities in China have raised water prices in 2025, with adjustments primarily between 10% and 30%. The report emphasizes the necessity of price adjustments due to rising costs faced by water supply companies [3][17][19]. Investment Strategy - The report recommends various companies across different sectors, including thermal power, renewable energy, nuclear power, hydropower, and environmental services, based on their expected performance and market conditions [4][20][21].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][6][8]. Core Insights - The report highlights the launch of the 2026 incremental renewable energy project pricing mechanism in Shanxi Province, with a bidding range of 0.2-0.32 CNY/kWh and a total bidding volume of 9.576 billion kWh [2][14]. - It notes that over 26 cities in China have raised water prices in 2025, with adjustments typically ranging from 10% to 30% [3][17]. - The report emphasizes the importance of the carbon neutrality context, recommending investments in the renewable energy supply chain and integrated energy management [20]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.57%, while the public utility index increased by 0.06% and the environmental index by 0.27% [1][13]. - Within the electricity sector, thermal power increased by 0.35%, while hydropower decreased by 1.76% and renewable energy generation rose by 1.61% [1][22]. Important Events - The Shanxi pricing mechanism for renewable energy projects has a total scale of 95.76 billion kWh, with wind power at 35.27 billion kWh and solar power at 60.49 billion kWh [2][14]. - The bidding submission rate for both wind and solar power is set at 120% [2][14]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [4][20]. - The report suggests that nuclear power companies like China Nuclear Power and China General Nuclear Power will maintain stable profitability [4][20]. - It also highlights the defensive attributes of hydropower stocks in a global interest rate decline environment, recommending Changjiang Power [4][20]. Special Research - The report discusses the challenges in adjusting water prices due to regulatory processes, with many water supply companies facing profitability issues [3][17]. - It notes that the average annual cost increase for the water supply industry is about 3%, leading to a situation where some companies operate under a "low price + loss + government subsidy" model [3][17]. Company Profit Forecasts - The report provides profit forecasts and investment ratings for various companies, all rated as "Outperform," including Huadian International, Longyuan Power, and China Nuclear Power [8][21].