Core Viewpoint - The company expects a net profit of 251 million to 295 million yuan for the year 2025, representing a year-on-year growth of 50.53% to 76.92% [1] Financial Performance - The company's revenue is projected to grow by over 20% year-on-year due to sustained demand in downstream markets and active expansion of various product lines [1] - The impact of non-recurring gains and losses on net profit is estimated to be between 30 million to 36 million yuan [1] Research and Development - The company maintains a high level of investment in research and development, with R&D expenses increasing by over 10% year-on-year [1] Market Segments - Revenue growth is observed in niche markets such as robotic vacuum cleaners, smart vision, and smart industrial sectors [1]

证券代码：300458 证券简称：全志科技 公告编号：2026-0120-001 珠海全志科技股份有限公司 2025 年度业绩预告 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、本期业绩预计情况 1.业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 三、业绩变动原因说明 1.报告期内，公司下游市场需求持续增长，公司积极拓展各产品线业务及推 动新产品量产，在扫地机器人、智能视觉、智能工业等细分市场营业收入实现同 比增长，公司营业收入同比增长 20%以上； 2.报告期内，公司保持高强度的研发投入，研发费用同比增长 10%以上； 2.业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 （1）以区间数进行业绩预告的 单位：万元 | 项 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 | | 25,100 | ～ | 29,500 | 16,674.58 | | 股东的净利润 | 比上年同期增长 | 50.53% | ～ | 76 ...

1月15日，全志科技涨1.69%，成交额13.20亿元。两融数据显示，当日全志科技获融资买入额1.38亿 元，融资偿还1.36亿元，融资净买入190.20万元。截至1月15日，全志科技融资融券余额合计14.41亿 元。 融资方面，全志科技当日融资买入1.38亿元。当前融资余额14.35亿元，占流通市值的3.81%，融资余额 低于近一年50%分位水平，处于较低位。 融券方面，全志科技1月15日融券偿还5000.00股，融券卖出2200.00股，按当日收盘价计算，卖出金额 10.05万元；融券余量14.65万股，融券余额669.15万元，低于近一年40%分位水平，处于较低位。 截至9月30日，全志科技股东户数15.73万，较上期增加14.26%；人均流通股4294股，较上期减少 12.48%。2025年1月-9月，全志科技实现营业收入21.61亿元，同比增长28.21%；归母净利润2.78亿元， 同比增长84.41%。 分红方面，全志科技A股上市后累计派现9.34亿元。近三年，累计派现3.48亿元。 机构持仓方面，截止2025年9月30日，全志科技十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股44 ...

Core Viewpoint - The storage module leader, Baiwei Storage, has announced a significant increase in its earnings forecast for 2025, driven by a rapid rebound in storage prices, which has notably improved the profitability of related A-share listed companies [1] Group 1: Company Performance - Baiwei Storage expects to achieve an operating revenue of 10 billion to 12 billion yuan in 2025, representing a year-on-year growth of 49.36% to 79.23% [1] - The company anticipates a net profit attributable to shareholders of 850 million to 1 billion yuan, reflecting a substantial year-on-year increase of 427.19% to 520.22% [1] Group 2: Industry Outlook - A total of 12 storage-related concept stocks are projected to see a year-on-year increase in net profit or a turnaround from losses in 2025 [1] - Notable companies such as Jiangbolong and Allwinner Technology are expected to have net profit growth exceeding 100%, while leading stocks like Zhaoyi Innovation and Lanke Technology forecast net profit growth of over 40% [1]

Core Viewpoint - Zhongyou Securities report indicates that Allwinner Technology's AI glasses SOC has begun large-scale sales, with the next-generation product expected to ship in Q1 of this year [1] Group 1: Product Development - The company is seizing the opportunity in AI glasses, with the AI glasses based on the V821 Huayan solution having completed customer launch and officially started large-scale sales [1] - The V821 has already achieved mass production of nearly 1 million units [1] - The upcoming V881, an iterative model for AI glasses, is expected to ship in Q1 of this year, with future models like V883 planned to provide advanced features [1] Group 2: Software and Technology - The company has developed a complete solution by integrating algorithms and SDKs, enabling functionalities from target detection to image enhancement [1] - The solution can recognize various targets, including humans, vehicles, pets, and packages [1] - It also incorporates AI-MEMC, wide dynamic range, intelligent dehazing, and image enhancement processing capabilities, continuously empowering visual products on the edge and endpoint [1] Group 3: Investment Rating - The report gives a "buy" rating for the company [1]

Core Insights - On January 8, 2023, brokerage firms provided target prices for listed companies, with notable increases for GCL-Poly Energy, Haiguang Information, and China Pacific Insurance, showing target price increases of 49.60%, 40.27%, and 29.61% respectively, across the photovoltaic equipment, semiconductor, and insurance industries [1][2]. Group 1: Target Price Increases - GCL-Poly Energy (688390) received a target price of 111.00 yuan, reflecting a 49.60% increase from the latest closing price [2]. - Haiguang Information (688041) has a target price of 339.00 yuan, indicating a 40.27% increase [2]. - China Pacific Insurance (601601) has a target price of 60.85 yuan, showing a 29.61% increase [2]. Group 2: Brokerage Recommendations - On January 8, 30 listed companies received brokerage recommendations, with Jinggong Steel Structure, Helen Zhe, and China Chemical each receiving one recommendation [2]. - One company, Allwinner Technology (300458), had its rating upgraded from "Hold" to "Buy" by Zhongyou Securities [3]. Group 3: Rating Downgrades - Two companies experienced rating downgrades: Haixia Co. (002320) was downgraded from "Buy" to "Hold" by Tianfeng Securities, and Sanhua Intelligent Control (002050) was downgraded from "Buy" to "Hold" by Northeast Securities [4]. Group 4: First-Time Coverage - Seven companies received first-time coverage on January 8, including Jieli Rigging (002342) rated "Hold" by Northeast Securities, and Shenchi Electromechanical (603109) rated "Buy" by CITIC Securities [5]. - Other companies receiving first-time ratings include Chenguang Co. (603899) with a "Recommended" rating, and Jinhua New Materials (920015) with a "Hold" rating [5].

Core Viewpoint - On January 8, 2023, brokerage firms provided target prices for listed companies, with notable increases in target prices for companies in the photovoltaic equipment, semiconductor, and insurance industries, specifically GCL-Poly Energy, Haiguang Information, and China Pacific Insurance, with target price increases of 49.60%, 40.27%, and 29.61% respectively [1][2]. Group 1: Target Price Increases - GCL-Poly Energy (688390) received a target price of 111.00 yuan, reflecting a target price increase of 49.60% from Dongwu Securities [2]. - Haiguang Information (688041) has a target price of 339.00 yuan, with a target price increase of 40.27% from CITIC Securities [2]. - China Pacific Insurance (601601) has a target price of 60.85 yuan, showing a target price increase of 29.61% from Zheshang Securities [2]. Group 2: Brokerage Recommendations - On January 8, 30 listed companies received brokerage recommendations, with Jinggong Steel Structure, Helen Zhe, and China Chemical each receiving one recommendation [2]. - One company, Allwinner Technology (300458), had its rating upgraded from "Hold" to "Buy" by Zhongyou Securities [3]. Group 3: Rating Downgrades - Two companies experienced rating downgrades: Haixia Co., Ltd. (002320) had its rating lowered from "Buy" to "Hold" by Tianfeng Securities, and Sanhua Intelligent Control (002050) had its rating lowered from "Buy" to "Hold" by Northeast Securities [4]. Group 4: First Coverage - Seven companies received initial coverage on January 8, including Jieli Rigging (002342) rated "Hold" by Northeast Securities, Shenchi Electromechanical (603109) rated "Buy" by CITIC Securities, and Chenguang Co., Ltd. (603899) rated "Recommended" by Ping An Securities [5].

Investment Rating - The investment rating for the company is upgraded to "Buy" [1] Core Insights - The company has commenced large-scale sales of its AI glasses SOC, with the next-generation product expected to ship in Q1 of this year. The V821 solution has already achieved nearly one million units in production, and the upcoming V881 model will support 12 to 24 million pixel photography and 4K video recording, with enhanced computing power and optimized standby power consumption [4][5] - The company is focused on providing complete AI products by integrating solutions and AI models, emphasizing that the core competitiveness of edge AI products lies not only in hardware specifications but also in software capabilities [5] - Revenue projections for the company are estimated at 2.93 billion, 3.61 billion, and 4.34 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 366.15 million, 530.14 million, and 657.99 million yuan for the same years, leading to a "Buy" rating [6] Financial Overview - The latest closing price of the company's stock is 44.66 yuan, with a total market capitalization of 36.9 billion yuan and a circulating market value of 30.2 billion yuan. The company has a debt-to-asset ratio of 15.6% and a price-to-earnings ratio of 171.77 [3] - The company’s projected revenue growth rates are 36.76%, 28.04%, 23.21%, and 20.32% for the years 2024, 2025, 2026, and 2027 respectively [9] - The estimated earnings per share (EPS) are projected to be 0.20, 0.44, 0.64, and 0.80 yuan for the years 2024, 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 221.08, 100.68, 69.54, and 56.02 [11]

Core Viewpoint - The company, Allwinner Technology (全志科技), emphasizes its commitment to addressing diverse customer needs in the AIoT sector by continuously launching products and solutions tailored to target customers [1] Group 1 - The company acknowledges the broad applications of AIoT in various downstream sectors [1] - There is a recognition of the diverse demands from customers within the AIoT market [1] - The company plans to maintain its focus on developing products and solutions that meet these specific customer needs [1]

证券日报网讯1月5日，全志科技（300458）在互动平台回答投资者提问时表示，公司根据客户需求，提 供DDR适配的服务。 ...