证券日报网讯2月25日，康斯特（300445）在互动平台回答投资者提问时表示，公司压力产品收入约占 总营收的70%以上，在国内市场应用依次以计量检测、发电及电网、仪表及传感器、石油及天然气等行 业为主。 ...

Core Viewpoint - The company is experiencing a scattered distribution of users in the high-end manufacturing sector, with its main calibration testing equipment primarily serving traditional fuel vehicle manufacturers [2] Group 1: Business Overview - The calibration testing equipment's demand in the new energy vehicle sector is currently limited, focusing mainly on temperature and humidity sensor calibration, thermal management system temperature control accuracy, pressure balance, and full temperature range performance testing [2] - The overall procurement volume for these calibration testing devices in the new energy vehicle segment is small, having a minimal impact on the company's revenue [2] Group 2: Future Outlook - The company is actively expanding its relevant scenarios and engaging with technical personnel to provide more suitable solutions, aiming for increased collaboration opportunities [2]

Core Viewpoint - The sensor project is identified as a crucial business line for the company, focusing on achieving vertical integration of high-precision pressure sensors and terminal products [1] Group 1: Project Development - The first phase of the sensor core aims to steadily increase the self-supply ratio and facilitate rapid iteration of technology and products [1] - Small batch trial production is currently underway for all ranges except for micro-pressure, with the overall process in the stage of craftsmanship adjustment and capacity ramp-up [1] Group 2: Market Expansion - The company plans to accelerate market exploration and expansion for external sales of pressure sensors and related products, driven by industrial user demand [1]

Core Viewpoint - The company emphasizes that the sensor project is a crucial future business line, focusing on achieving vertical integration of high-precision pressure sensors and terminal products [1] Group 1: Sensor Project Development - The core goal of the first phase of the sensor project is to stabilize the self-supply ratio and enable rapid iteration of technology and products [1] - Currently, small batch trials are underway for all pressure ranges except for micro-pressure, with the overall process in the stage of fine-tuning and capacity ramp-up [1] Group 2: Market Expansion - The company plans to accelerate the exploration and expansion of the market for externally sold pressure sensors and related products, driven by industrial user demand [1]

Core Viewpoint - The company, 康斯特, primarily focuses on calibration testing instruments, which account for 95% of its revenue, and operates under a multi-variety, small-batch production model [2] Group 1: Revenue and Production - The company indicates that the production capacity and order conversion efficiency may fluctuate due to factors such as demand rhythm, supply chain capabilities, integration of new products and processes, and external business environment [2] - The pressure product line, which contributes over 70% to the company's revenue, has sufficient production capacity elasticity [2] Group 2: Digital Transformation - The company has been actively pursuing the integration of digitalization, automation, and intelligence in its research, production, and sales systems [2] - Continuous optimization of supply efficiency and order conversion efficiency for mid-to-high-end products is a key focus for the company [2]

Core Viewpoint - The company, 康斯特, has provided insights into its order backlog and production line utilization, indicating that its main calibration testing instruments account for 95% of its revenue and are produced using a multi-variety, small-batch operational model [2] Group 1 - As of February 6, 2026, the company's order conversion efficiency and production capacity utilization may fluctuate due to factors such as demand rhythm, supply chain capabilities, integration of new products and processes, and external business environment [2] - The pressure product line, which contributes over 70% to the company's revenue, has sufficient capacity elasticity [2] - The company has been actively integrating digitalization, automation, and intelligence into its research, production, and sales systems to continuously optimize the supply efficiency of mid-to-high-end products and order conversion efficiency [2]

Group 1 - The company has confirmed that it is not a supplier for SpaceX, indicating that its user base is diversified across high-end manufacturing sectors such as civil aviation and commercial aerospace [2] - From 2016 to 2024, the company has received relatively small order amounts from commercial aerospace users, including those involved in space exploration, which have a limited impact on the company's revenue [2]

Group 1 - Fujian State-owned Assets Management Company plans to reduce its stake in Fuguang Co., Ltd. by up to 3%, amounting to a maximum of 481.68 million shares [1] - Ice Wheel Environment Technology Co., Ltd. intends to reduce its stake in Qingda Environmental Protection by up to 3%, totaling a maximum of 372.68 million shares [2] - Wang Zhong, a shareholder of Jiangshan Oupai, plans to reduce his stake by up to 3%, which equates to a maximum of 531.51 million shares [6] Group 2 - Huadong Medicine's subsidiary, Zhejiang Daer Biotechnology Co., Ltd., received approval for a clinical trial of DR10624 injection for hypertriglyceridemia [3] - Guangdong Construction won a bid for a lithium battery intelligent manufacturing project worth 1.524 billion yuan [4] - Qilu Bank reported a net profit of 5.713 billion yuan for 2025, a year-on-year increase of 14.58% [5] Group 3 - Chang'an Automobile plans to repurchase shares worth between 1 billion and 2 billion yuan [8] - The company reported a January sales figure of 134,700 vehicles, a year-on-year decrease of 51.14% [31] - Foton Motor's January sales reached 55,553 vehicles, reflecting a year-on-year growth of 10.99% [35] Group 4 - Hongchang Technology plans to acquire a 21% stake in Liangzhi Joint Technology for 54.6 million yuan, aiming for control [11] - Suwen Electric Power's subsidiary is participating in an investment fund focused on high-tech industries [19] - Tangyuan Electric's application for a stock issuance to specific investors has been approved by the CSRC [20] Group 5 - JinkoSolar announced it has no orders related to "space photovoltaics" and remains focused on ground photovoltaic products [39] - High Measurement Co. clarified that it has not engaged in any space photovoltaic business or collaborations with relevant teams [40] - Jin Jing Technology noted that the TCO glass market is still small and has minimal impact on its revenue [13]

Key Points - JinkoSolar has not reported any revenue from "space photovoltaic" orders [1] - Shuangliang Energy has not yet engaged in any space photovoltaic-related business [1] - CITIC Bank has increased its investment in CITIC Financial Leasing Co., Ltd. by 2 billion yuan [1] - Palm Holdings has won a bid for the construction project of high-standard farmland in Shuyang District, Shangqiu City for 2025 [1] - Shanghai Pharmaceuticals plans to transfer its 30% stake in Amgen [1] - Huanxu Electronics expects a net profit of 1.853 billion yuan for 2025, a year-on-year increase of 12.16% [1] - Changan Automobile plans to repurchase shares worth 1 billion to 2 billion yuan [2] - Jinpu Garden plans to reduce its shareholding by no more than 2% [1] - Sileck's subsidiary has received a project confirmation letter from a client, with an expected procurement volume of approximately 360 million cylindrical battery shells [2] - Zhongwen Online intends to collaborate with Tencent on the authorization of animated micro-short dramas [2]

Summary of Key Points Core Viewpoint - The article highlights the recent stock buyback and reduction activities of various A-share listed companies, indicating potential shifts in investor sentiment and company strategies in the market [1]. Group 1: Stock Buyback Activities - Changhong Huayi: Some directors and senior management plan to increase their shareholding in the company [2]. - Pianzihuang: The controlling shareholder has obtained a special loan commitment for a buyback of up to 450 million yuan [2]. - Gaweida: The board proposes a share repurchase plan amounting to 30 million to 35 million yuan [2]. - Changan Automobile: Plans to repurchase shares worth between 1 billion to 2 billion yuan [2]. Group 2: Stock Reduction Activities - Shengke Communication: Recently, the National Integrated Circuit Industry Investment Fund reduced its stake by 0.6% of the total share capital [2]. - Furi Technology: Shareholders plan to reduce their holdings by up to 2% of the total share capital [2]. - Pulit: Shareholders Zhou Wu and executive Li Hong plan to collectively reduce their holdings by up to 0.57% [2]. - Nankuang Group: The executive vice president plans to reduce his stake by up to 1% [2]. - Qinda Environmental Protection: Shareholder Binglun Environment plans to reduce holdings by up to 3% [2]. - Fuchuang Precision: Shareholder Guotou Chuangyi plans to reduce holdings by up to 3% [2]. - Shuangqiang Technology: Director Zhou Zhaocheng plans to reduce holdings by up to 0.32% [2]. - Debi Group: The controlling shareholder plans to reduce holdings by up to 1.92% [2]. - Jinpu Garden: Shareholders plan to reduce their stakes by 1% each [2]. - Kangsi Te: Shareholders plan to reduce their holdings [2]. - Guangda Jiabao: Shareholders plan to reduce their holdings by up to 1% [2]. - Baogang Jin: Director Yuan Xiaofeng plans to reduce holdings by up to 0.0923% [2]. - ST Lutong: Shareholders plan to reduce their holdings by up to 3.33% [2]. - Zhang Xiaoqin: Shareholder plans to reduce holdings by up to 0.31% [2]. - Yuxing Co.: Shareholder Huang Shiliu plans to reduce holdings by up to 0.22% [2]. - Guai Bao Pet: Shareholders plan to reduce their holdings by up to 1.90% [2]. - Kaipu Biological: Shareholder plans to reduce holdings by up to 3% [2]. - Jiangshan Oupai: Shareholder Wang Zhong plans to reduce holdings by up to 3% [2]. - Fuguang Co.: Shareholder plans to reduce holdings by up to 3% [2].