Core Viewpoint - The A-share market continues to rise, with the Shanghai Composite Index surpassing the 4100-point mark for the first time in 10 years, indicating a significant bullish trend in the market [1][3]. Market Performance - The Shanghai Composite Index reached 4110.37, up 27.39 points or 0.67% - The Shenzhen Component Index rose to 14097.44, increasing by 137.95 points or 0.99% - The ChiNext Index climbed to 1787.39, up 20.82 points or 1.18% - The total trading volume in the market was 1.75 trillion, with a predicted increase to 3.12 trillion, up by 291.1 billion [2]. Sector Performance - The defense and military industry led the market with a nearly 4% increase, with stocks like Huayin Technology and Guoke Military reaching a 20% limit up [3]. - The non-ferrous metals sector also performed well, with a rise of over 2%, featuring stocks like Yunnan Zhiye and Antai Technology hitting the limit up [4]. - The machinery equipment sector saw a significant increase of over 2%, with stocks such as Jizhi Co. and Shaoyang Hydraulic reaching the limit up [5]. Notable Stocks - Huayin Technology (688281) at 93.47, up 20.00% - Guoke Military (688543) at 75.96, up 20.00% - Shanghai Hanyun (300762) at 51.65, up 16.70% - Jizhi Co. (300553) at 47.86, up 20.01% - Shaoyang Hydraulic (301079) at 59.52, up 20.00% [4][6]. ETF Performance - Several ETFs related to "satellite" and "rare earth" sectors experienced significant gains, with increases exceeding 5% [8]. Risk Alerts - Companies like Zhite New Materials and Hongxun Technology have issued risk alerts due to abnormal stock price fluctuations, indicating potential volatility and divergence from fundamental values [12][13].

Core Viewpoint - The stock of Jizhi Co., Ltd. (SZ300553) reached its daily limit with a price of 47.86 yuan, marking a 20.01% increase, driven by strong performance indicators and technological advancements [1][2]. Group 1: Company Performance - In Q3 2025, Jizhi Co. reported a revenue increase of 42.78% year-on-year and a net profit increase of 133.25%, boosting investor confidence and contributing to the stock price surge [2]. - The company has implemented a restricted stock incentive plan covering 13 core executives, aligning their interests with long-term company performance goals for 2026-2027 [2]. Group 2: Technological and Business Developments - Jizhi Co. achieved a technological breakthrough with its DG3 high-speed dynamic balancing and overspeed testing equipment, breaking foreign technology monopolies and enhancing its core competitiveness [2]. - The subsidiary, Diting Intelligent, made progress in intelligent water sound signal processing, winning a project in the special electronic information equipment sector, which is expected to provide new growth opportunities [2]. Group 3: Industry Context and Market Reaction - The robotics industry has been rapidly growing, and Jizhi Co. has established business collaborations with several core equipment and robot component manufacturers [2]. - The company is planning to acquire Pumai Technology, which specializes in robot performance testing and calibration, potentially increasing its competitiveness in the robotics sector [2]. - On the technical front, positive signals such as MACD indicators forming a golden cross and stock price breaking through the upper Bollinger Band may attract technical investors [2].

1月9日，集智股份涨7.2%，截至发稿，报42.75元/股，成交2345.84万元，换手率0.67%，总市值47.46亿 元。 从基金十大重仓股角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，万家基金旗下1只基金重仓集智股份。万家先进制造混合发起式A（018184）三季度持有股 数15.8万股，占基金净值比例为3.64%，位居第九大重仓股。根据测算，今日浮盈赚取约45.35万元。 责任编辑：小浪快报 万家先进制造混合发起式A（018184）成立日期2023年3月31日，最新规模1908.83万。今年以来收益 8.4%，同类排名468/8827；近一年收益36.65%，同类排名3382/8084；成立以来收益33.37%。 万家先进制造混合发起式A（018184）基金经理为张希晨。 资料显示，杭州集智机电股份有限公司位于浙江省杭州市余杭区良渚街道七贤路1-1号，成立日期2004 年6月2日，上市日期2016年10月21日，公司主营业务涉及全自动平衡机、测试机 ...

| 证券代码：300553 | 证券简称：集智股份 | 公告编号：2026-001 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司 万元（不含税），实际募集资金净额为人民币 24,776.91 万元。以上募集资金到 账情况已由中汇会计师事务所（特殊普通合伙）验资，于 2024 年 8 月 20 日出具 了"中汇会验[2024]9665 号"《验资报告》。 关于 2025 年第四季度可转换公司债券转股情况的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1、转股期限和价格："集智转债"（债券代码：123245）的转股期限为 2025 年 2 月 20 日至 2030 年 8 月 13 日；最新有效的转股价格为 18.11 元/股。 2、2025 年第四季度（以下简称"本季度"）转股情况：本季度，共有 1,120 张"集智转债"转换为公司股份（票面金额共计 112,000.00 元），合计转股 6,179 股"集智股份"股票（股票代码：300553）。 3、剩余转债情况： ...

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry, indicating a positive outlook for the sector [7]. Core Insights - The mechanical equipment sector has shown strong performance, with the Shanghai Stock Exchange's mechanical equipment index rising by 4.50% from December 21 to December 26, 2025, outperforming the CSI 300 index by 2.55 percentage points [12]. - The low-altitude economy is gaining traction, with the National Development and Reform Commission officially categorizing it as a comprehensive economic form that drives innovation and application in related industries [3]. - The export of engineering machinery from China has seen significant growth, with a total export value of $52.3 billion in November 2025, marking a year-on-year increase of 16.6% [4]. Summary by Sections Weekly Market Review - From December 21 to December 26, 2025, the Shanghai Composite Index increased by 1.88%, the Shenzhen Component Index by 3.53%, and the ChiNext Index by 3.90%. The mechanical equipment sector outperformed the broader market, ranking 6th among 31 sectors [12]. - Sub-sectors such as general equipment, specialized equipment, and automation equipment saw increases of 5.11%, 5.30%, and 5.85%, respectively [12]. Key Sector Data Tracking - The low-altitude economy is being structured with a new statistical classification system, which will aid in policy formulation and regional development [3]. - The engineering machinery sector's export and import data for November 2025 shows a total trade value of $54 billion, with exports growing by 16.6% year-on-year [4]. - The report highlights the competitive advantages of domestic leading enterprises in the engineering machinery sector, supported by favorable supply and demand dynamics [4]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Huasheng Group [5]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli [5].

Core Viewpoint - The company aims to reduce financing costs and expand financing channels by participating in intellectual property asset securitization financing [1] Group 1: Financing Details - The company plans to pledge part of its intellectual property rights to Western Trust Co., Ltd. to secure financing [1] - The maximum amount of comprehensive credit applied for from Western Trust is not to exceed RMB 20 million, with a term of one year [1] - The company has entrusted Hangzhou United Rural Commercial Bank Co., Ltd. to provide guarantee for the aforementioned credit [1]

Group 1 - The company announced the appointment of Liu Sixuan as the securities affairs representative to assist the board secretary in fulfilling responsibilities [1] - The decision was made during a board meeting held on December 31 [1] Group 2 - The news highlights the company's ongoing efforts to strengthen its governance and compliance framework [1] - This appointment is part of the company's strategy to enhance communication with investors and stakeholders [1]

Core Viewpoint - The company announced the issuance of convertible bonds to raise a net amount of 247.77 million yuan for two projects, with a delay in project completion dates due to adjustments in construction schedules and equipment procurement [1] Group 1: Fundraising and Project Details - The company plans to use the raised funds for the "Intelligent Equipment R&D and Industrialization Base Construction Project" with a planned investment of 188.65 million yuan and a committed fundraising investment of 170.97 million yuan [1] - The second project, "Expansion of Intelligent Manufacturing Production Line for Motors," has a planned investment of 76.80 million yuan, with the full amount committed for fundraising [1] Group 2: Project Timeline and Impact - The completion date for both projects has been postponed from December 31, 2025, to December 31, 2026, due to delays in construction and equipment installation [1] - The delay does not affect the project implementation entities, total investment, fund usage, or construction content, and is not expected to have a significant adverse impact on the company's normal operations or shareholder interests [1]

2025 年 12 月 31 日 本次会计估计变更符合《企业会计准则第 28 号——会计政策、会计估计变 更和差错更正》的相关规定和公司实际经营情况，执行变更后的会计估计能更加 客观、公允地反映公司的财务状况和经营成果，决策程序符合有关法律法规和《公 司章程》的相关规定。本次会计估计变更不涉及对已披露财务报告数据的追溯调 整，不存在损害公司及股东利益的情形。 特此说明。 杭州集智机电股份有限公司董事会 杭州集智机电股份有限公司 董事会关于会计估计变更合理性的说明 杭州集智机电股份有限公司（以下简称"公司"）于2025年12月31日召开第 五届董事会第十八次会议和第五届审计委员会第七次会议，审议通过了《关于会 计估计变更的议案》。现就本次变更的合理性说明如下： 根据《企业会计准则第 4 号——固定资产》的相关规定，企业应当根据固定 资产的性质和使用情况，合理确定固定资产的使用寿命和预计净残值。企业至少 应当于每年年度终了，对固定资产的使用寿命、预计净残值和折旧方法进行复核。 使用寿命预计数与原先估计数有差异的，应当调整固定资产使用寿命。固定资产 使用寿命的改变应当作为会计估计变更。得益于新材料、新技术在建筑领域 ...

| 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-076 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司 第五届董事会第十八次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭州集智机电股份有限公司（以下简称"公司"）第五届董事会第十八次会 议于 2025 年 12 月 31 日在公司会议室召开，会议于 2025 年 12 月 28 日以电话、 电子邮件方式向全体董事进行了通知，会议应到董事 9 人，实到董事 9 人。公司 高级管理人员列席了本次会议。本次会议由公司董事长楼荣伟先生召集并主持。 会议召开符合《公司法》《公司章程》的有关规定，合法、有效。 经与会董事充分讨论，一致通过了如下决议： 1、审议通过《关于募集资金投资项目延期的议案》 经审议，董事会认为：公司本次募投项目延期，是公司根据向不特定对象发 行可转换公司债券募集资金投资项目的实际情况作出的审慎决定，未改变募投项 目内容、投资总额及实施主体等，不会对项目实施和公司的正常经营产生重大 ...