（来源：淘金ETF） 1. 中际旭创（300308）作为全球高速光模块领域的绝对龙头企业，中际旭创深度绑定英伟达、微软、谷 歌等北美头部云厂商，是AI算力爆发周期内最具确定性的核心受益标的。800G与1.6T高速光模块出货 量稳居全球前列，产品结构持续向高端迭代，毛利率与盈利水平稳步抬升。随着英伟达GB300与Rubin 新一代算力平台规模化落地，单机光模块用量大幅提升，直接推动公司订单持续高增。在CPO共封装光 学领域，企业技术储备完善，与产业链上下游协同推进下一代互联方案，长期成长空间进一步打开。北 美四大云厂商资本开支同比增长超60%，叠加英伟达业绩超预期，公司未来两年业绩确定性极高，产能 持续满载，客户结构优质且壁垒深厚，是光模块板块中业绩弹性最强、成长逻辑最清晰的龙头企业。 2. 新易盛（300502） 专注于高速光模块研发、生产与销售的新易盛，是国内少数具备全球竞争力的核心企业，产品覆盖数据 中心、电信传输全场景，在400G、800G高端模块领域出货量位居行业第一梯队。企业海外收入占比 高，深度绑定全球主流云厂商与设备商，订单能见度高且交付能力突出。受益于AI数据中心建设提速 与高速互联需求爆发， ...

Group 1 - Mingyang Circuit focuses on the R&D, production, and sales of printed circuit boards (PCBs), covering high multilayer boards, HDI boards, and rigid-flex boards, widely used in industrial control, communication equipment, and automotive electronics. The demand for high-reliability, high-density PCBs is continuously growing due to industrial automation upgrades, 5G communication network construction, and the increasing penetration of new energy vehicles [1][32] - Weirgao specializes in the R&D, production, and sales of electronic-grade special epoxy resins and related composite materials, which are key raw materials for PCBs. The demand for high-frequency, high-temperature, and low-loss materials is increasing in 5G communication, data centers, and new energy vehicles, leading to an expanding market space for specialty epoxy resins [2][33] - Qiangda Circuit focuses on the R&D, production, and sales of high-density interconnect printed circuit boards (HDI), widely used in consumer electronics such as smartphones and tablets. The market demand for high-end products like high multilayer HDI and AnyLayer HDI is continuously growing due to the recovery of the consumer electronics market and the upgrade of smart terminal functions [3][34] Group 2 - Benchuan Intelligent specializes in the R&D, production, and sales of PCBs, with core products including communication boards, automotive boards, and industrial control boards. The market demand for high-reliability, high-frequency PCBs is expanding due to the construction of 5G base stations and the upgrade of new energy vehicle systems [4][35] - Kexiang Co., Ltd. focuses on the R&D, production, and sales of HDI and high multilayer boards, covering various fields including consumer electronics and automotive electronics. The demand for high-end PCBs is continuously growing due to the functional upgrades of consumer electronics and the increasing demand for automotive electronic systems [5][36] - Jinlu Electronics specializes in the R&D, production, and sales of PCBs, with core products including automotive electronic boards and communication boards. The demand for high-reliability, high-integration PCBs is continuously growing due to the increasing penetration of new energy vehicles and the deep coverage of 5G networks [6][37] Group 3 - Shengyi Technology is a leading global supplier of copper-clad laminates (CCL) and related electronic materials, with products widely used in PCBs and electronic packaging. The demand for high-end copper-clad laminates is continuously expanding due to the increasing demand for high-frequency, high-temperature materials in 5G communication and data centers [7][38] - Xiehe Electronics focuses on the R&D, production, and sales of PCBs, including high-frequency and high-speed boards. The market demand for high-end products is continuously growing due to the advancement of 5G networks and the expansion of new energy vehicle systems [8][39] - Shiyun Circuit specializes in the R&D, production, and sales of PCBs, covering automotive electronics, consumer electronics, and industrial control. The demand for high-reliability, high-integration automotive PCBs is continuously growing due to the increasing complexity of in-vehicle electronic systems [9][40]

别再只盯着 "新三样"，中国正在用一种看不见的商品，收割全球 AI 市场。OpenRouter 最新周度数据击 穿认知：全球前十模型总 Token 量 8.7 万亿，中国模型独占 5.3 万亿，市占率高达 61%。MiniMax M2.5 以 2.45 万亿登顶榜首，Kimi K2.5、智谱 GLM-5、DeepSeek V3.2 全线霸榜 —— 这不是偶然的技术突 围，是中国 AI 从 "跟跑" 到 "主导" 的历史性拐点。 2. 字节生态：弹性算力之王 一、叙事核心：Token = 数字电力，一场永不枯竭的出口革命 Token 不是代码，是AI 时代的通用货币，更是最纯粹的电力衍生品。一个美国开发者调用智谱 API，数 据跨洋抵达中国数据中心，GPU 燃烧中国电力完成推理，结果再传回北美。电力从未出境，价值却通 过 Token 完成跨境交付，成本结构里电力 + 算力占比超 70%。中国低成本绿电 + 规模化算力集群，正 把能源优势，转化为全球 AI 服务的定价权。 这是比传统出口更性感的商业模式：不用集装箱、不耗物流、零库存，一度电变成百倍价值的智能服 务，源源不断流向全球。当全球还在比拼硬件制造，中国已 ...

证券日报网讯2月13日，弘信电子（300657）发布公告称，公司股东张洪、董事李震、董事兼副总经理 陈素真于2025年12月2日至2026年2月12日期间通过集中竞价分别减持2951716股、70000股、142500股， 减持比例分别为0.6117%、0.0145%、0.0295%，减持计划已实施完毕。 ...

证券代码：300657 证券简称：弘信电子 公告编号：2026-18 厦门弘信电子科技集团股份有限公司（以下简称"公司"）股东张洪女士、董事李 震先生、董事兼副总经理陈素真女士于 2025 年 11 月 10 日发布减持股份计划，拟在 2025 年 12 月 2 日 至 2026 年 2 月 28 日（法律法规、规范性文件规定不得减持的时间除外） 期间通过集中竞价或大宗交易的方式减持本公司股份，张洪女士预计其所减持数量合 计不超过 2,951,716 股、李震先生预计其所减持数量合计不超过 70,000 股、陈素真女士 预计其所减持数量合计不超过 142,500 股。具体内容详见公司在巨潮资讯网上披露的 《关于股东、董事减持股份计划的预披露公告》。 近日，公司分别收到了张洪女士、李震先生、陈素真女士完成股份减持的通知。 截至本公告披露日，张洪女士、李震先生、陈素真女士的股份减持计划已实施完成， 现将有关情况公告如下： 一、本次减持情况 | 股东名 | 减持方式 | | 减持期间 | | 减持均价 | 减持数量 | 减持比例 | 股份来源 | | --- | --- | --- | --- | --- | -- ...

南财智讯2月13日电，弘信电子公告，公司股东张洪、董事李震、董事兼副总经理陈素真减持计划已实 施完成。其中，张洪减持295.1716万股，李震减持7万股，陈素真减持14.25万股。 ...

Group 1 - The core viewpoint of the news is that Hongxin Electronics has seen a 5% increase in stock price, reaching 32.95 yuan per share, with a trading volume of 9.91 billion yuan and a turnover rate of 6.51%, resulting in a total market capitalization of 15.9 billion yuan [1] - Hongxin Electronics, established on September 8, 2003, and listed on May 23, 2017, is located in Xiamen, Fujian Province, and specializes in the research, production, and sales of flexible printed circuit boards (FPC), rigid-flex boards, and backlight modules [1] - The revenue composition of Hongxin Electronics is as follows: printed circuit boards account for 48.49%, computing power and related businesses for 42.41%, backlight modules for 8.01%, and others for 1.09% [1] Group 2 - From the perspective of major circulating shareholders, a fund under Southern Fund is among the top shareholders of Hongxin Electronics, with the Southern CSI 1000 ETF (512100) reducing its holdings by 36,800 shares in the third quarter, now holding 3.5725 million shares, which is 0.76% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has a latest scale of 78.996 billion yuan, with a year-to-date return of 8.48%, ranking 1533 out of 5569 in its category, and a one-year return of 34.89%, ranking 1868 out of 4295 [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has a cumulative tenure of 7 years and 99 days, managing total fund assets of 137.02 billion yuan, with the best fund return during the tenure being 251.88% and the worst being -15.93% [2]

Group 1 - The company Hongxin Electronics announced that its fifth board meeting for the fourth session was held on February 10, 2026, via communication voting [1] - The meeting reviewed the proposal regarding the estimated amount of daily related party transactions for the year 2026 [1]

证券代码：300657 证券简称：弘信电子 公告编号：2026-16 厦门弘信电子科技集团股份有限公司 关于调整 2024 年限制性股票激励计划 部分业绩考核目标的公告 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。 厦门弘信电子科技集团股份有限公司（以下简称"公司"或"弘信电子"）于 2026年2月10日召开第五届董事会第四次会议，审议通过了《关于调整2024年限 制性股票激励计划部分业绩考核目标的议案》。现将有关事项说明如下： 3、2024年9月12日至2024年9月21日，公司对拟激励对象名单的姓名和职务 在公司内部进行了公示，在公示期内，公司监事会未接到与本激励计划拟激励对 象有关的任何异议。2024年9月23日，公司披露了《监事会关于公司2024年限制 性股票激励计划激励对象名单的核查意见及公示情况说明》。 4、2024年9月27日，公司2024年第四次临时股东大会审议并通过了《关于公 司<2024年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2024年 限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董事 会办理202 ...

北京国枫律师事务所 关于厦门弘信电子科技集团股份有限公司 2024 年限制性股票激励计划调整事项的 法律意见书 国枫律证字[2024] AN109-4号 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7-8 层 邮编：100005 电话(Tel)：010－88004488/66090088 传真(Fax)：010－66090016 北京国枫律师事务所 关于厦门弘信电子科技集团股份有限公司 2024 年限制性股票激励计划调整事项的 法律意见书 国枫律证字[2024] AN109-4 号 致：厦门弘信电子科技集团股份有限公司 对本法律意见书的出具，本所律师特作如下声明： 1．本所律师仅针对本法律意见书出具之日以前已经发生或存在的事实，根据中 国现行有效的法律、法规、规章和规范性文件发表法律意见； 2．本所律师根据《证券法》《律师事务所从事证券法律业务管理办法》和《律师 事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具之日以前已经发 生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了 充分的核查验证，保证法律意见书所认定 ...