(责任编辑：徐自立) 中国经济网北京1月29日讯 三环集团(300408.SZ)今日收报50.16元，跌幅4.17%。 三环集团2025年10月14日盘中股价一度达到55.12元，创历史新高。 中泰证券股份有限公司研究员王芳、刘博文2025年10月30日发布研报《三环集团(300408)：前三 季度稳健增长 看好MLCC/SOFC业务持续突破》称，维持三环集团"买入"评级。 华西证券股份有限公司研究员单慧伟2025年10月30日发布研报《三环集团(300408)2025年三季度 业绩点评：业绩符合预期 多轮驱动打开成长天花板》称，维持三环集团"买入"评级。 ...

证券之星消息，1月28日元件板块较上一交易日下跌0.48%，科翔股份领跌。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。元件板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002484 | 江海股份 | 32.03 | 5.33% | 50.25万 | | 15.91亿 | | 300814 | 中富电路 | 75.00 | 5.03% | 11.63万 | | 8.77亿 | | 300852 | 四会富仕 | 50.15 | 4.44% | 16.86万 | | 8.09亿 | | 300408 | 三环集团 | 52.34 | 2.51% | 1 37.20万 | | 19.63亿 | | 600183 | 生益科技 | 74.52 | 2.38% | 48.60万 | | 36.10亿 | | 000636 | 风华高科 | 21.43 | 1.90% | 68.00万 | | 14.62亿 | | ...

Core Viewpoint - The report highlights the significant inflow of main capital into various stocks, with specific companies showing remarkable performance in terms of net capital inflow and stock price changes [1][2]. Group 1: Main Capital Inflow - A total of 88 stocks have experienced a net inflow of main capital for five consecutive days or more, indicating strong investor interest [1]. - Hangzhou Bank leads with 16 consecutive days of net inflow, followed by Yunnan Baiyao with 14 days [1]. - Midea Group has the highest total net inflow amounting to 1.582 billion yuan over seven days, while Hangzhou Bank follows closely with 1.489 billion yuan over 16 days [1]. Group 2: Performance Metrics - The stock with the highest net inflow ratio relative to trading volume is Fenglong Co., which has surged by 359.76% over the past 16 days [1]. - Other notable stocks include Guotai Junan Securities with a net inflow of 1.109 billion yuan over 11 days and China Ping An with 1.074 billion yuan over six days, although their stock prices have seen declines of 2.46% and 3.28% respectively [1]. - The report includes a detailed table of stocks with their respective net inflow amounts, inflow ratios, and cumulative price changes, providing a comprehensive overview of market trends [1][2].

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for overseas listing applications, specifically requesting additional information from SanHuan Group regarding the use of raised funds and the proportion of domestic and overseas uses [1] - SanHuan Group has submitted its application to the Hong Kong Stock Exchange, with China Galaxy International acting as the sole sponsor [1] - The CSRC has requested SanHuan Group to clarify the consistency of the filing materials with the prospectus, detailing the specific use of raised funds and the regulatory procedures followed for both domestic and overseas investments [1] Group 2 - SanHuan Group has established itself as a global leader in advanced electronic ceramic materials and components, focusing on four core product categories: electronic and ceramic materials, electronic components, communication devices, and equipment components [2] - The company has achieved significant competitive advantages in specific segments, such as becoming one of the top suppliers of alumina ceramic substrates, with a global market share exceeding 50% based on projected 2024 revenues [2] - SanHuan Group ranks first in the global market share for SOFC (Solid Oxide Fuel Cell) membrane sheets, which are critical components for energy transition systems, according to projections for 2024 [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for six companies, including SanHuan Group, which is required to clarify the specific use of raised funds and the proportion of domestic and overseas uses [1] - SanHuan Group has submitted its application to the Hong Kong Stock Exchange, with China Galaxy International as the sole sponsor [1] - The CSRC requests SanHuan Group to ensure consistency between the filing materials and the prospectus regarding the issuance plan, and to provide legal opinions from lawyers [1] Group 2 - SanHuan Group focuses on advanced ceramic materials and has become a global leader in the field of advanced electronic ceramic materials and components [2] - The company has established a core product matrix covering four categories: electronic and ceramic materials, electronic components, communication devices, and equipment components, serving key application areas such as communication, AI and data centers, consumer electronics, automotive electronics, semiconductor manufacturing and packaging, new energy, and smart industrial control [2] - SanHuan Group has achieved significant competitiveness in specific segments, with over 50% global market share in alumina ceramic substrates by 2024, and ranks first in the global market for SOFC membrane sheets [2]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for six companies, including SanHuan Group, which is required to clarify the specific use of raised funds and the proportion of domestic and overseas uses [1] - SanHuan Group has submitted its application to the Hong Kong Stock Exchange, with China Galaxy International as the sole sponsor [1] - The CSRC requests SanHuan Group to ensure consistency between the filing materials and the prospectus regarding the issuance plan, and to provide legal opinions from lawyers [1] Group 2 - SanHuan Group focuses on advanced ceramic materials and has become a global leader in the field of advanced electronic ceramic materials and components [2] - The company has established a core product matrix covering four categories: electronic and ceramic materials, electronic components, communication devices, and equipment components, serving key application areas such as communication, AI and data centers, consumer electronics, automotive electronics, semiconductor manufacturing, new energy, and smart industrial control [2] - SanHuan Group has achieved significant competitiveness in specific segments, with over 50% global market share in alumina ceramic substrates by 2024, and ranks first in the global market for SOFC membrane sheets [2]

Core Insights - The strategic position and application value of piezoelectric devices are increasingly prominent in the context of the booming development of strategic emerging industries such as 5G communication, new energy vehicles, smart grids, and artificial intelligence. The market size of China's piezoelectric device industry is expected to reach approximately 523.4 billion yuan in 2024, representing a year-on-year growth of 5.06% [1][8]. Industry Overview - Piezoelectric devices are electronic components that operate based on the piezoelectric effect, widely used in sensing, driving, energy conversion, and signal processing, making them critical components in electronic devices such as mobile phones, medical equipment, and aerospace [2][4]. Market Size - The piezoelectric device industry in China is projected to reach a market size of approximately 523.4 billion yuan in 2024, with a year-on-year growth rate of 5.06% [1][8]. Key Companies - The competitive landscape of the piezoelectric device industry in China features a "technology stratification and scenario differentiation" characteristic. Key players include: - **SanHuan Group**: Dominates in optical fiber ceramic inserts and ceramic packaging bases, achieving a revenue of 6.508 billion yuan in the first three quarters of 2025, a year-on-year increase of 20.96% [9][10]. - **Unisoc**: Focuses on piezoelectric quartz crystal frequency devices, with a revenue of 4.904 billion yuan in the first three quarters of 2025, a year-on-year increase of 15.05% [10]. - **Audiwei**: Leads in the domestic market share of automotive ultrasonic sensors [9]. - **Guangdong Huilun Crystal Technology**: Specializes in miniaturized resonators to meet high-frequency demands in IoT [9]. Industry Development Trends 1. **Accelerated Technological Innovation**: The industry is moving towards lead-free and high-performance developments, with breakthroughs in lead-free piezoelectric ceramics such as KNN, enhancing piezoelectric strain by 200% [11]. 2. **Surging Market Demand**: The demand for piezoelectric devices is driven by 5G, new energy vehicles, and medical ultrasound applications, with each new energy vehicle incorporating 15-20 piezoelectric sensors [12]. 3. **Industry Chain Integration**: The industry is enhancing competitiveness through vertical integration and cross-industry fusion, with companies optimizing processes to improve mechanical quality factors [13].

1月15日，三环集团涨0.79%，成交额11.61亿元。两融数据显示，当日三环集团获融资买入额6768.90万 元，融资偿还6906.58万元，融资净买入-137.68万元。截至1月15日，三环集团融资融券余额合计6.76亿 元。 融资方面，三环集团当日融资买入6768.90万元。当前融资余额6.70亿元，占流通市值的0.70%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，三环集团1月15日融券偿还9900.00股，融券卖出4.11万股，按当日收盘价计算，卖出金额 203.73万元；融券余量11.96万股，融券余额592.86万元，超过近一年90%分位水平，处于高位。 资料显示，潮州三环(集团)股份有限公司位于广东省潮州市凤塘三环工业城内综合楼,香港铜锣湾勿地臣 街1号时代广场2座31楼，成立日期1992年12月10日，上市日期2014年12月3日，公司主营业务涉及电子 元件及其基础材料的研发、生产和销售。主营业务收入构成为：电子、通信元件及材料98.84%，其他 (补充)1.16%。 截至9月30日，三环集团股东户数3.02万，较上期增加1.19%；人均流通股61897股，较上期减少1.18 ...

Core Viewpoint - The passive components industry is crucial for electronic devices, providing essential functions such as signal regulation and energy storage without external power. The industry is supported by various national policies aimed at promoting innovation and domestic production, with significant growth expected in both global and Chinese markets by 2024 [1][4][7]. Industry Overview - Passive components, also known as passive devices, operate without external power and rely on physical properties to perform functions like current/voltage regulation and energy storage. They are essential for ensuring signal transmission and circuit stability, forming the backbone of the electronic industry [2][3]. Policy Support - China has implemented several key policies to support the passive components industry, including reforms in management systems, strategies to expand domestic demand, and guidelines for energy electronics development. These policies aim to enhance local companies' capabilities in high-end material research and precision manufacturing [4][5]. Industry Chain - The upstream of the passive components industry consists of raw material and equipment suppliers, with critical materials largely imported. The midstream includes manufacturing of capacitors, inductors, and resistors, with domestic companies like Fenghua Advanced Technology and SanHuan Group leading in mid-to-low-end markets. The downstream market is driven by consumer electronics, automotive electronics, and emerging fields like AI and 5G [5][6]. Market Dynamics - The global passive components market is expected to reach $39.1 billion by 2024, with a growth rate of 7.7%. The Asia-Pacific region dominates, accounting for over 70% of the market share. China, as the largest demand market, is projected to grow to 142.3 billion yuan in 2024, with a compound annual growth rate of 15.2% from 2020 to 2024 [7][8]. Competitive Landscape - The competitive landscape of the passive components industry in China is characterized by international giants dominating high-end markets, while domestic companies are making strides in mid-to-low-end segments. Key players like Fenghua Advanced Technology and SanHuan Group are focusing on high-end product certifications and technological advancements [9][10]. Development Trends - The future of the passive components industry in China will focus on three main areas: technological upgrades, deepening domestic substitution, and ecological collaboration. Products will evolve towards higher capacitance, miniaturization, and reliability, with a strong emphasis on self-sufficiency in materials and core technologies [11][12].

1月9日，三环集团涨1.51%，成交额15.45亿元。两融数据显示，当日三环集团获融资买入额1.50亿元， 融资偿还8969.49万元，融资净买入5983.98万元。截至1月9日，三环集团融资融券余额合计7.72亿元。 融资方面，三环集团当日融资买入1.50亿元。当前融资余额7.69亿元，占流通市值的0.84%，融资余额 超过近一年90%分位水平，处于高位。 分红方面，三环集团A股上市后累计派现48.03亿元。近三年，累计派现17.42亿元。 机构持仓方面，截止2025年9月30日，三环集团十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股8064.52万股，相比上期减少4135.37万股。中国证券金融股份有限公司位居第三大流通股 东，持股2750.27万股，持股数量较上期不变。易方达创业板ETF（159915）位居第四大流通股东，持 股2679.65万股，相比上期减少450.74万股。华泰柏瑞沪深300ETF（510300）位居第五大流通股东，持 股2293.38万股，相比上期减少97.68万股。易方达沪深300ETF（510310）位居第八大流通股东，持股 1650.96万股，相比上期减少53 ...