1考虑1.2亿元曾经剥离业务的应收账款减值+1亿元左右Ai相关新增投入，#公司传统主业盈利能力在3.2-3.7亿元 左右（主业受电网智能化投资周期影响，目前是低谷期）。 公司25年经营性净现金流约4亿元。 【山证电新】朗新科技25年业绩同比增长140%-160%，扭亏为盈，继续重点推荐！ 1月20日，公司公告2025年业绩预告，25年公司预计归母净利润1.0-1.5亿元，同比增长140%-160%（24年亏损2.5亿 元）。 1考虑1.2亿元曾经剥离业务的应收账款减值+1亿元左右Ai相关新增投入，#公司传统主业盈利能力在3.2-3.7亿元 左右（主业受电网智能化投资周期影响，目前是低谷期）。 【山证电新】朗新科技25年业绩同比增长140%-160%，扭亏为盈，继续重点推荐！ 1月20日，公司公告2025年业绩预告，25年公司预计归母净利润1.0-1.5亿元，同比增长140%-160%（24年亏损2.5亿 元）。 公司存量客户电力交易需求4000-6000亿度电，27年公司目标1000亿度电，占比全市场需求比例依然较低，业务天 花板极高。 按度电1-2分的盈利测算，公司今年该业务利润弹性3-6亿元，明年利润弹性 ...

Group 1: Delisting Risks - *ST Xin Yan: The Shenzhen Stock Exchange has approved the company's application to revoke the delisting risk warning due to restructuring [1] - *ST Zhong Zhuang (Rights Protection): The delisting risk warning has been revoked, but other risk warnings will continue, and the stock will be suspended for one day starting tomorrow [2] - ST Sai Wei: Expected to incur a loss of 720 million to 1.02 billion yuan in 2025, with a possibility of being subject to delisting risk warnings [3] Group 2: Earnings Forecasts - Hikvision: Expected net profit attributable to shareholders to grow by 18.46% year-on-year in 2025 [28] - Langzi Co.: Expected net profit to increase by 245.25% to 302.8% year-on-year in 2025 [4][30] - Zhaoyan New Drug: Expected net profit to increase by 214% to 371% year-on-year in 2025 [5][30] - Huachen Equipment: Expected net profit to increase by 193.64% to 242.04% year-on-year in 2025 [6][30] - Qianyuan Power: Expected net profit to increase by 160% to 190% year-on-year in 2025 [7][30] - Jin Fang Energy: Expected net profit to increase by 123.97% to 193.7% year-on-year in 2025 [8][31] - Zhongfu Industrial: Expected net profit to increase by 120.27% to 141.59% year-on-year in 2025 [9][32] - Batian Co.: Expected net profit to increase by 117.53% to 139.53% year-on-year in 2025 [10][32] - Zhongrong Electric: Expected net profit to increase by 104.89% to 131.10% year-on-year in 2025 [11][32] - Kaisheng New Materials: Expected net profit to increase by 96.47% to 150.06% year-on-year in 2025 [12][32] - Putailai: Expected net profit to increase by 93.18% to 101.58% year-on-year in 2025 [13][32] - Dongfang Iron Tower: Expected net profit to increase by 91.4% to 125.07% year-on-year in 2025 [14][32] - Pulaike: Expected net profit to increase by 89.64% to 110.11% year-on-year in 2025 [15][32] - Huabang Health: Expected profit of 660 million to 730 million yuan in 2025, turning from loss to profit [16][32] - Hongyuan Green Energy: Expected net profit of 180 million to 250 million yuan in 2025, turning from loss to profit [17][32] - Kangda New Materials: Expected profit of 125 million to 135 million yuan in 2025, turning from loss to profit [18][32] - Langxin Technology: Expected profit of 100 million to 150 million yuan in 2025, turning from loss to profit [19][32] - Hualv Biological: Expected profit of 100 million to 130 million yuan in 2025, turning from loss to profit [20][32] Group 3: Mergers and Acquisitions - Kangxin New Materials: Plans to acquire 51% of Yubang Semiconductor for 392 million yuan [21][32] - Aibo Medical: Plans to gain control of Demei Medical [22][32] Group 4: Share Buybacks and Reductions - Hengtong Co.: Plans to repurchase company shares worth 80 million to 100 million yuan [24][32] - Haier Smart Home: Plans to repurchase D shares up to 200,000 euros [29][32] - Blue Universe Co.: Shareholders plan to reduce their holdings by no more than 3.02% [29][32] - Hesheng Silicon Industry: Controlling shareholder plans to reduce holdings by no more than 3% [29][32] - Aolian Electronics (Rights Protection): Shareholder Liu Junsheng plans to reduce holdings by no more than 3% [29][32] - Bluefeng Biochemical: Hainan Wenqin plans to reduce holdings by no more than 3% [29][32] - Zhixin Precision: Shareholders plan to reduce holdings by no more than 3% [29][32] - Peking University Medical: Peking University Health plans to reduce holdings by no more than 3% [29][32] Group 5: Other Updates - Liou Co.: Self-inspection work has been completed, and the stock will resume trading on January 21 [29][32] - Yongxing Materials: The lithium mica green intelligent and efficient lithium extraction project has reached production capacity [29][32] - Debang Co.: Plans to voluntarily withdraw A shares from trading on the Shanghai Stock Exchange [29][32]

Group 1: Earnings Forecasts - Huabang Health expects a net profit of 660 million to 730 million yuan for 2025, recovering from a loss of 299 million yuan in the previous year, driven by improvements in its agricultural chemical materials sector and steady growth in its pharmaceutical and tourism segments [2] - Kangda New Materials anticipates a net profit of 125 million to 135 million yuan for 2025, compared to a loss of 246 million yuan last year, primarily due to significant sales growth in adhesive and specialty resin products, particularly in the wind power sector [2] - Longxin Technology forecasts a net profit of 100 million to 150 million yuan for 2025, recovering from a loss of 250 million yuan, with improvements in its energy digitalization business and reduced losses in its new energy sector [3] - Hualu Bio expects a net profit of 100 million to 130 million yuan for 2025, recovering from a loss of 47.57 million yuan, attributed to increases in both sales price and volume [3] - Jiuxi Software predicts a net profit of 40 million to 60 million yuan for 2025, recovering from a loss of 156 million yuan, supported by AI technology enhancements and market expansion strategies [3] Group 2: Major Corporate Developments - Liou Co. has completed its stock suspension review and will resume trading on January 21, 2026, confirming that its business operations remain normal and no significant undisclosed matters exist [4] - Hikvision reported total revenue of 92.518 billion yuan for 2025, a slight increase of 0.02%, with a net profit of 14.188 billion yuan, up 18.46%, driven by strategic adjustments and improved cash flow management [6] - JianTou Energy expects a net profit of approximately 1.877 billion yuan for 2025, a significant increase of about 253.38% from the previous year, due to optimized coal resource allocation and cost management [6] Group 3: Investment and Mergers - Aibo Medical plans to acquire at least 51% of Demai Medical to gain control, aiming to leverage its R&D advantages in the sports health sector [19] - Yifan Transmission intends to purchase 87.07% of Beijing Helishi Motor Technology Co., which will become a subsidiary upon successful completion of the transaction [16] - Guangdong Hongtu plans to invest up to 95 million yuan to establish a subsidiary in Thailand for automotive parts production and sales [20] Group 4: Stock Performance and Changes - Huicheng Environmental's major shareholder plans to increase their stake in the company by investing between 25 million and 50 million yuan within six months [22] - Liou Co. will resume trading after completing its stock suspension review, indicating stability in its operations [24] - Kailong High-Tech and Debang Co. have been suspended from trading, indicating potential issues or developments requiring further clarification [25]

1．财政部副部长廖岷在国新办新闻发布会上表示，财政部门将继续实施更加积极的财政政策。概括起 来就是"总量增加、结构更优、效益更好、动能更强"。2026年财政赤字、债务总规模和支出总量将保持 必要水平，确保总体支出力度只增不减。 2.财政部副部长廖岷在国新办新闻发布会上表示，本次优化调整个人消费贷款贴息政策，将信用卡账单 分期业务纳入到了贴息范围，取消现有政策当中对一些消费领域的限制。新政策意味着只要是消费贷款 都可以享受贴息。 重要的消息有哪些 1月21日（周三）申购提示 新股方面，美德乐申购代码920119，发行价格41.88元/股 ，发行市盈率为14.99倍，单一账户申购上限为 72万股。 投资有风险，申购需谨慎。 4.财政部等部门发布关于延续实施养老、托育、家政等社区家庭服务业税费优惠政策的公告，为社区提 供养老、托育、家政等服务的机构，按照规定享受税费优惠政策。 3.财政部综合司司长李先忠在国新办新闻发布会上表示，近期财政部、税务总局发布公告，明确自2026 年4月1日起取消光伏等产品出口退税，并分两年取消电子产品出口退税。此次出口退税政策调整，有利 于促进资源高效利用，也有利于引导产业结构合理调整， ...

报告期内，公司业绩重大变动的主要原因如下：1、能源数智化业务盈利大幅改善，主要系2024年剥离 非核心业务进行了大额减值计提，2025年度聚焦电网数智化业务，取得积极进展。2、能源互联网业务 盈利显著改善，主要系新电途亏损进一步收窄和电力交易业务规模增长带来业绩贡献。3、公司加大AI 技术和产品研发投入；对于非核心业务的应收账款等进一步充分减值计提，确认资产减值损失约1.2亿 元。4、归属于上市公司股东的非经常性损益约为2,500万元，主要系政府补助等，上年同期为2,769.25 万元。报告期内，公司现金流保持稳定且良好，经营性净现金流约4亿元。 格隆汇1月20日丨朗新科技(300682.SZ)公布，预计2025年归属于上市公司股东的净利润10,000万元– 15,000万元，同比扭亏为盈，扣除非经常性损益后的净利润8,000万元–12,000万元，同比扭亏为盈。 ...

Core Viewpoint - Longxin Technology (300682.SZ) is expected to achieve a net profit attributable to shareholders of 100-150 million yuan for the year 2025, marking a significant turnaround from previous losses [2] Group 1: Financial Performance - The company has improved its performance significantly after divesting non-core businesses and focusing on power grid development [2] - Operating net cash flow for the reporting period is approximately 400 million yuan, indicating stable development of the company's main business [2] Group 2: Strategic Focus - Longxin Technology is concentrating on a dual development strategy of energy digitalization and energy internet, aiming to build a platform that connects vast electricity load users with abundant electricity supply assets [2] - The company has committed to deepening its AI strategy, with a complete shift in its R&D technology system towards AI and increased investment in R&D [2] Group 3: Market Growth - The trading volume of electricity is expected to exceed 6 billion kilowatt-hours in 2025, representing a year-on-year growth of over 300% [2] - The performance of the energy internet segment has improved significantly due to reduced losses from the new electric path and increased scale of electricity trading [2]

Core Viewpoint - Longxin Technology (300682.SZ) is expected to achieve a net profit attributable to shareholders of 100-150 million yuan for the year 2025, marking a significant turnaround from previous losses [1] Group 1: Financial Performance - The company has improved its performance significantly after divesting non-core businesses and focusing on power grid development [1] - The operating net cash flow for the reporting period is approximately 400 million yuan, indicating stable development of the company's main business [1] Group 2: Strategic Focus - Longxin Technology is concentrating on a dual development strategy of energy digitization and energy internet, aiming to build a platform that connects vast electricity load users with abundant electricity supply assets [1] - The company has committed to deepening its AI strategy, with a complete shift in its technology research and development system towards AI, and has increased R&D investment [1] Group 3: Market Growth - The trading volume of electricity is expected to exceed 6 billion kilowatt-hours in 2025, representing a year-on-year growth of over 300% [1] - The performance of the energy internet segment has improved significantly due to reduced losses from the new electric path and increased scale of electricity trading [1]

Core Viewpoint - The company expects a significant turnaround in its financial performance, projecting a net profit of 100 million to 150 million yuan for 2025, compared to a loss of 250 million yuan in the same period last year, indicating a substantial improvement in profitability [1] Group 1: Financial Performance - The company anticipates a net profit of 100 million to 150 million yuan for 2025, a recovery from a loss of 250 million yuan in the previous year [1] - The improvement in profitability is attributed to the substantial recovery in the energy digitalization business, which has seen significant progress following the divestiture of non-core operations and large impairment provisions in 2024 [1] Group 2: Business Segments - The energy internet business has shown notable improvement, primarily due to a reduction in losses from the new electric path and growth in the scale of the electricity trading business contributing positively to performance [1]

Core Viewpoint - Longxin Technology has announced its annual performance forecast, expecting significant growth in net profit for 2025, indicating strong financial health and operational performance [1] Financial Performance - The company anticipates a net profit attributable to shareholders of 100 million to 150 million yuan for 2025, representing a year-on-year increase of 139.96% to 159.93% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 80 million and 120 million yuan, with a year-on-year growth of 128.78% to 143.17% [1]

Core Viewpoint - The company expects a net profit of 100 million to 150 million yuan for the fiscal year 2025, a significant recovery from a loss of 250 million yuan in the same period last year [1] Group 1: Financial Performance - The projected net profit for 2025 is between 100 million and 150 million yuan, compared to a loss of 250 million yuan in the previous year [1] Group 2: Strategic Focus - The company is focusing on a dual development strategy of energy digitization and energy internet, aiming to build a platform that connects a vast number of electricity load users with electricity supply assets [1] - The company is committed to deepening its AI strategy, shifting its research and development technology system entirely towards AI, and increasing R&D investment [1] Group 3: Competitive Advantage - The company has successfully established industry-leading AI technology and product competitive barriers [1]