Group 1 - The company reported that as of January 30, the number of shareholders was 94,627 [2]

Group 1: Company Overview - The company began adjusting prices from Q3 of the previous year, with new prices effectively implemented in Q4 [2] - The company has a significant presence in both domestic and overseas markets, with domestic sales expected to exceed 30% due to increased demand [2] Group 2: Pricing and Market Conditions - The company has adjusted the validity period of many quotes from annual or quarterly to monthly, allowing for more responsive pricing based on market conditions [2] - DRAM prices are still being increased, influenced by supply conditions and market dynamics [3] - The price increase for storage chips is expected to cover cost increases, although the exact future price changes remain uncertain [4] Group 3: Production and Capacity - The company has secured supply agreements with major wafer fabs to meet existing customer demands, but new customer demand is high and challenging to fulfill [3] - The company anticipates that the gross margin for storage chips will stabilize around 30%, with potential for gradual improvement due to current price adjustments [3] Group 4: Future Developments - New DRAM processes are expected to start volume production around mid-year, with revenue contributions anticipated in the following years [5] - The company is monitoring the market for potential price adjustments in LED drivers and other products based on supply chain conditions [5]

Group 1 - Beijing Junzheng's stock price increased by 4.76% on January 30, with a trading volume of 5.62 billion yuan [1] - The financing buy amount for Beijing Junzheng on the same day was 514 million yuan, while the financing repayment was 685 million yuan, resulting in a net financing outflow of 171 million yuan [1] - As of January 30, the total margin balance for Beijing Junzheng was 2.414 billion yuan, with the financing balance accounting for 3.45% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - Beijing Junzheng Integrated Circuit Co., Ltd. was established on July 15, 2005, and listed on May 31, 2011, focusing on the research and sales of microprocessor chips, smart video chips, and other ASIC chip products [2] - The company's revenue composition includes 61.56% from storage chips, 26.87% from computing chips, and 10.84% from analog and interconnect chips [2] - For the period from January to September 2025, Beijing Junzheng achieved a revenue of 3.437 billion yuan, representing a year-on-year growth of 7.35%, while the net profit attributable to shareholders decreased by 15.99% to 256 million yuan [2] Group 3 - Since its A-share listing, Beijing Junzheng has distributed a total of 439 million yuan in dividends, with 183 million yuan distributed in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 1.7068 million shares to 8.0896 million shares [3] - The E Fund Growth ETF and Southern CSI 500 ETF saw reductions in their holdings, with the former decreasing by 1.1488 million shares and the latter by 0.1046 million shares [3]

证券研究报告 2月十大金股推荐 1 ※ 核心观点 我们认为当前仍处于市场流动性偏宽的环境中，叠加高频景气跟踪与上市公司业绩预告均显示基本面有结构性亮点， 因此继续看好权益市场延续震荡向上趋势。方向上，建议重点关注：一是内外需共振景气向上、成长预期较好的科技 制造板块（AI/半导体/存储/风电等）；二是受益于产品涨价预期的周期板块（有色金属/化工等）；三是业绩有望筑 底改善的行业（建材/免税等）；四是部分绩优红利资产（保险等）。 资料来源：Wind，平安证券研究所 备注：本篇报告数据统计截至2026/1/29 平安证券研究所 2026年1月30日 请务必阅读正文后免责条款 2 证券代码 证券名称 申万一级行业 总市值 PE PB 推荐逻辑 （亿元人民币） (TTM) (MRQ) 300223.SZ 北京君正 电子 662 208.6 5.3 存储周期上行，L3智能驾驶催化汽车电子 603005.SH 晶方科技 电子 201 58.9 4.4 WLCSP先进封装领先企业，受益车规CIS需求扩张 688041.SH 海光信息 电子 6,073 256.6 27.7 国产算力领先企业，业绩持续增长可期 688615. ...

| 华安研究 2026年2月金股组合 | 归母净利润 | （百万元 | ） | 归母净利润增速 | 营业收入 | （百万元） | 营业收入增速 | eps | pe(其余有说明 | ) | 行业 | 金股代码 | 金股 | 核心推荐逻辑 | 风险提示 | 研究员 | 报告依据 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The CPO optical module sector and AI-related stocks have shown strong performance, with significant gains in several key companies, indicating a bullish trend in the market driven by robust fundamentals and increasing demand for AI infrastructure [1][4][7]. Group 1: Company Performance - Zhishang Technology reached a 20% limit up, while Taicheng Light and Tianfu Communication saw increases of nearly 13% and 11% respectively, with Tianfu Communication hitting a historical high [1][7]. - Other notable performers included Lian De Technology, Xin Yi Sheng, Guang Ku Technology, Zhong Ji Xu Chuang, and Chang Xin Bo Chuang, all of which rose over 5% [1][4]. Group 2: Market Trends - The A-share market has seen 21 CPO optical module concept stocks disclose 2025 earnings forecasts, with 17 expecting year-on-year net profit growth, indicating strong fundamentals [4][10]. - The AI industry is experiencing a surge in applications and model upgrades, which is expected to stimulate demand for AI computing infrastructure [4][10]. - The global Ethernet optical module market is projected to grow at a rate of 35% year-on-year by 2026, driven by strong demand from AI infrastructure, particularly in data centers [4][10]. Group 3: ETF Insights - The ChiNext AI ETF (159363) has gained 2.76%, reaching a new closing high, with a trading volume of 916 million yuan, marking a ten-week winning streak [2][8]. - The ETF is strategically positioned with approximately 60% of its portfolio in computing (leading optical module and IDC companies) and 40% in AI applications, reflecting a balanced approach to capitalize on both sectors [5][10].

每经头条（nbdtoutiao）——中国无人驾驶"军团"，"武装"阿布扎比 （记者 张明双） 每经AI快讯，北京君正1月30日晚间发布公告称，公司第六届第九次董事会会议于2026年1月29日在公 司会议室以通讯表决的方式召开。会议审议了《关于公司为子公司提供担保的议案》等文件。 ...

证券代码：300223 证券简称：北京君正 公告编号：2026-005 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 北京君正集成电路股份有限公司（以下简称"公司"）第六届董事会第九次会 议于 2026 年 1 月 29 日在公司会议室以通讯表决的方式召开，会议通知于 2026 年 1 月 22 日以通讯方式送达。会议应出席董事 12 人，实际出席董事 12 人。本 次会议的召开符合法律、行政法规、部门规章和公司章程的有关规定。会议由公 司董事长刘强先生主持，与会董事认真审议，形成如下决议： 一、 审议通过《关于公司为子公司提供担保的议案》 为保证公司全资子公司深圳君正时代集成电路有限公司（以下简称"深圳君 正"）的生产经营需要，公司同意就深圳君正向台湾积体电路制造股份有限公司 订购制造服务所产生的货款及费用提供担保，并签署《保证合同》。具体内容详 见公司于同日刊登在巨潮资讯网（www.cninfo.com.cn）上的《关于公司为子公司 提供担保的公告》。 表决结果：同意 12 票；反对 0 票；弃权 0 票；回避 0 票。 特此公告。 二○二六年一月三十日 ...

证券代码：300223 证券简称：北京君正 公告编号：2026-004 关于公司为子公司提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 为保证北京君正集成电路股份有限公司（以下简称"公司"）全资子公司深 圳君正时代集成电路有限公司（以下简称"深圳君正"）的生产经营需要，公司 与台湾积体电路制造股份有限公司（以下简称"台积电）就深圳君正向台积电订 购制造服务所产生的货款及费用提供担保，并于2026年1月29日签署了《保证合 同》（以下简称"本合同"）。 公司于 2026 年 1 月 29 日召开第六届董事会第九次会议，审议通过了《关于 公司为子公司提供担保的议案》。根据相关规定，本次无需提交股东会审议。 成立日期：2009年4月14日 北京君正集成电路股份有限公司 二、被担保人基本情况 被担保人：深圳君正时代集成电路有限公司 注册资本：9,000万人民币 主营业务：一般经营项目是：半导体集成电路芯片及计算机软硬件的技术开 发、设计、销售、技术咨询及技术服务；经营进出口业务（法律、行政法规、国 务院决定禁止的项目除外，限制的项目须 ...

Group 1 - The core point of the article is that Beijing Junzheng (300223.SZ) has announced adjustments in the prices of some of its computing chips on the investor interaction platform [1] Group 2 - The company is actively engaging with investors regarding its product pricing strategies [1]