Market Outlook - The market is expected to maintain a fluctuating upward trend around the Spring Festival in February 2026, with a focus on the "Technology + Resources" mainline market[3] - Key attention should be given to the earnings reports of US tech stocks and the potential validation of AI industry trends[3] Investment Strategy - Focus on three main lines: - Technology sector, including optical modules, storage, semiconductor equipment, and energy storage, addressing the issues of electricity shortages in the US, chip shortages domestically, and global storage shortages[3] - Non-ferrous metals, with increased volatility expected after January, particularly in industrial metals and chemicals[3] - Hot topics such as robots participating in the Spring Festival Gala and updates on AI large models[3] Recommended Stocks - **Metals**: Shandong Gold (EPS: 1.78, PE: 30.6 in 2026E)[20] - **Chemicals**: Juhua Co. (EPS: 2.51, PE: 15.7 in 2026E)[20] - **New Energy**: Junda Co. (EPS: 1.67, PE: 60.5 in 2026E)[20] - **Machinery**: Dier Laser (EPS: 2.87, PE: 30.6 in 2026E)[20] - **Military Industry**: Aero Engine Corporation (EPS: 0.35, PE: 132.9 in 2026E)[20] - **Non-Banking**: New China Life (EPS: 10.68, PE: 7.8 in 2026E)[20] - **Automotive**: Top Group (EPS: 1.92, PE: 37.7 in 2026E)[20] - **Electronics**: Jingce Electronics (EPS: 1.15, PE: 115.3 in 2026E)[20] - **Communication**: Zhongji Xuchuang (EPS: 17.40, PE: 37.3 in 2026E)[20] - **Media**: Giant Network (EPS: 2.12, PE: 20.8 in 2026E)[20] Risk Factors - Economic recovery may fall short of expectations, leading to slow growth or stagnation due to factors like slow job growth and reduced market demand[22] - Significant changes in individual stock fundamentals could lead to substantial declines in revenue or net profit[22]

Core Viewpoint - The semiconductor company Jingce Electronics (300567) has announced a positive earnings forecast for 2025, projecting a net profit of 80 million to 90 million yuan, marking a turnaround from a loss in the previous year [2][3]. Financial Performance - The company expects a net profit attributable to shareholders of 80 million to 90 million yuan for 2025, compared to a loss of 97.5985 million yuan in the previous year, representing a growth of 181.97% to 192.21% [3]. - The forecasted net profit excluding non-recurring items is projected to be between 21.657 million and 31.657 million yuan, reflecting a year-on-year increase of 113.66% to 119.97% [2][3]. Business Segment Analysis - In the semiconductor equipment sector, the company has strengthened its leading position in domestic semiconductor measurement and increased R&D investment in advanced processes (14nm and below), leading to significant revenue growth and improved profitability [3][4]. - The advanced process products have become the core driver of the company's performance, with the semiconductor sector now being the main contributor to overall revenue [4]. - In the display business, the company anticipates a continued recovery in the flat panel display industry in 2025, benefiting from the expansion of large-size LCD production and increased demand for testing equipment [4]. Challenges and Adjustments - The company faces ongoing losses in its new energy business and plans to optimize its business structure, focusing on its strengths in the semiconductor sector [5]. - Investment income has decreased compared to the previous year, particularly from its joint venture Hubei Xingchen Technology Co., which is currently in a rapid investment phase, further impacting overall performance [5]. - Non-recurring gains are expected to contribute approximately 58.343 million yuan to the net profit, primarily from government subsidies [5]. Market Performance - The stock has seen a strong performance, with a cumulative increase of over 45% in January 2025 [5].

Core Viewpoint - The company, Jingce Electronics, forecasts a significant increase in net profit for 2025, driven by advancements in semiconductor equipment and a strong market position in the semiconductor measurement sector [1]. Group 1: Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 80 million and 90 million yuan, representing a year-on-year increase of 181.97% to 192.21% [1]. - The net profit after deducting non-recurring gains and losses is anticipated to be between 21.657 million and 31.657 million yuan, reflecting a year-on-year growth of 113.66% to 119.97% [1]. Group 2: Semiconductor Sector - The company is capitalizing on the critical window for domestic semiconductor equipment replacement, enhancing its leading position in the semiconductor measurement field [1]. - Key products in the semiconductor front-end measurement sector, such as thickness measurement series, OCD equipment, and electron beam equipment, are leading in the domestic industry [2]. - Advanced process products, particularly those for 7nm and below, are increasingly contributing to the company's revenue and order volume, becoming the core driver of performance [2]. Group 3: Display Industry - The flat panel display industry is experiencing a recovery, with steady demand for terminal applications, benefiting the company from the expansion of LCD and OLED production capacities [3]. - The company is deepening cooperation with major clients and exploring traditional display market demands while also expanding into new display technologies and precision optical instruments [3]. - The flat panel display testing business has seen rapid growth, with an increase in gross margin and significant improvement in profitability due to optimized customer and product structures [3].

Group 1 - The company Jingce Electronics announced that its fifth board meeting for the year 2026 was held on January 30, 2026, via teleconference [1] - The meeting reviewed the proposal regarding the expected daily operational related transactions for the year 2026 [1]

证券代码：300567 证券简称：精测电子 公告编号：2026-011 （一）关联交易概述 武汉精测电子集团股份有限公司（以下简称"公司"）及下属全资/控股子 公司因日常经营需要，拟与关联方武汉克莱美特创新技术股份有限公司（以下简 称"克莱美特"）、苏州科韵激光科技有限公司（以下简称"苏州科韵"）、昆 山龙雨智能科技有限公司（以下简称"昆山龙雨"）、苏州诺亚智造科技有限公 司（以下简称"苏州诺亚"）、伟恩测试技术（武汉）有限公司（以下简称"伟 恩测试"）、浙江众凌科技有限公司（以下简称"浙江众凌"）、高视科技（苏 州）股份有限公司（以下简称"高视科技"）、湖北星辰技术有限公司（以下简 称"湖北星辰"）、上海惟甲科技有限公司（以下简称"上海惟甲"）、合肥威 迪半导体材料有限公司（以下简称"合肥威迪"）、长沙华实半导体有限公司（以 下简称"长沙华实"）发生日常经营性关联交易事项，预计2026年度日常关联交 易额度合计不超过16,060万元，占公司最近一期经审计净资产的4.64%。 公司于2026年1月30日召开第五届董事会第十次会议，审议《关于公司2026 年度日常经营性关联交易预计的议案》。彭骞先生、刘荣华先生 ...

南财智讯1月30日电，精测电子发布2025年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为8000万元—9000万元，同比预增181.97%—192.21%；预计2025年全年归属于上市公司股东的扣除非 经常性损益的净利润为2165.70万元—3165.70万元，同比预增113.66%—119.97%。 ...

证券代码：300567 证券简称：精测电子 公告编号：2026-010 武汉精测电子集团股份有限公司 第五届董事会第十次会议决议公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 武汉精测电子集团股份有限公司（以下简称"公司"）第五届董事会第十次 会议由公司董事长彭骞先生召集，会议通知于2026年1月27日以电子邮件的方式 发出。会议于2026年1月30日10点以通讯会议的方式召开。 同意公司与关联方武汉克莱美特创新技术股份有限公司、苏州科韵激光科技 有限公司、昆山龙雨智能科技有限公司、苏州诺亚智造科技有限公司、伟恩测试 技术（武汉）有限公司、浙江众凌科技有限公司、高视科技（苏州）股份有限公 司、湖北星辰技术有限公司、上海惟甲科技有限公司、合肥威迪半导体材料有限 公司、长沙华实半导体有限公司发生日常经营性关联交易事项，预计2026年度日 常关联交易额度合计不超过16,060万元。 具 体 内 容 详 见 公 司 于 2026 年 1 月 31 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《武汉精 ...

精测电子公告，预计2025年度净利润为8000万元—9000万元，上年同期亏损9759.85万元。预计扣除非 经常性损益后的净利润为2165.7万元—3165.7万元，上年同期亏损1.59亿元。报告期内，公司紧抓半导 体设备国产化替代的关键窗口期，持续巩固并提升在半导体量检测领域的国内领先地位，进一步加大了 对先进制程领域（14nm及以下）的研发投入和产品布局。 ...

| 证券代码：300567 | 证券简称：精测电子 | 公告编号：2026-012 | | --- | --- | --- | | 债券代码：123176 | 债券简称：精测转2 | | 武汉精测电子集团股份有限公司 2025年度业绩预告 公司及董事会全体成员保证信息披露的内容真实、准确、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 2、预计的业绩：□亏损 扭亏为盈 □同向上升 □同向下降 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市 公司股东的 | 盈利：8,000 万元—9,000 万元 | 亏损：9,759.85 万元 | | 净利润 | 比上年同期增长：181.97%—192.21% | | | 扣除非经常 性损益后的 | 盈利：2,165.70 万元—3,165.70 万元 | 亏损：15,856.12 万元 | | 净利润 | 比上年同期增长：113.66%—119.97% | | 二、与会计师事务所沟通情况 公司半导体前道量测领域膜厚系列产 ...

Market Overview - The general equipment sector experienced a decline of 1.92% on January 29, with Haichuan Intelligent leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Top Gainers in General Equipment Sector - Deen Precision Engineering (300780) saw a significant increase of 19.99%, closing at 32.71 with a trading volume of 307,500 shares and a transaction value of 906 million [1] - Mouse View Technology (688583) rose by 15.08%, closing at 107.23 with a trading volume of 46,200 shares and a transaction value of 486 million [1] - New Jin Power (300157) increased by 14.65%, closing at 6.34 with a trading volume of 2,395,300 shares and a transaction value of 140.9 million [1] Top Losers in General Equipment Sector - Wenshan Sanqi (300720) fell by 13.99%, closing at 33.20 with a trading volume of 154,100 shares and a transaction value of 550 million [2] - Hongsheng Co., Ltd. (603090) decreased by 10.00%, closing at 79.88 with a trading volume of 37,600 shares and a transaction value of 317 million [2] - Jincheng Technology (301525) dropped by 9.04%, closing at 86.24 with a trading volume of 41,600 shares and a transaction value of 374 million [2] Capital Flow Analysis - The general equipment sector saw a net outflow of 3.517 billion in main funds, while retail investors contributed a net inflow of 2.687 billion [2] - The sector experienced a net inflow of 830 million from speculative funds [2] Individual Stock Capital Flow - Leo Group (002131) had a main fund net inflow of 2.89 billion, but a net outflow of 1.12 billion from speculative funds [3] - Deen Precision Engineering (300780) recorded a main fund net inflow of 166 million, with a net outflow of 46.308 million from speculative funds [3] - New Jin Power (300157) had a main fund net inflow of 33.89 million, while speculative funds saw a net inflow of 43.007 million [3]