Core Viewpoint - The company has announced an extension of the expected operational readiness date for two projects, which are the "Hunan Changsha MIM Products Production Base Construction Project" and the "Pan Hai R&D Center Construction Project," to June 30, 2026 [1] Group 1: Project Details - The total planned investment for the production base project is 646 million yuan, while the R&D center project is set at 102 million yuan [1] - The funding source for these projects is from the proceeds of the initial public offering, designated for construction purposes [1] Group 2: Reasons for Delay - The delay is attributed to additional business demands from some clients that are expected to be released in the first half of the coming year, necessitating capacity adjustments [1] - Outstanding payments for certain construction works and equipment are also a factor in the delay [1] Group 3: Impact Assessment - The extension does not alter the investment purpose, total investment amount, or the implementing entity of the projects [1] - The company asserts that the delay will not have a substantial impact, will not harm shareholder interests, and complies with relevant fundraising management regulations [1] - Overall, the delay is not expected to negatively affect the company's normal operations or overall fundraising arrangements [1]

Group 1 - The core point of the article highlights the performance and market position of LianTe Technology, which saw a stock price increase of 1.39% to 173.98 CNY per share, with a total market capitalization of 22.573 billion CNY [1] - LianTe Technology, established on October 28, 2011, specializes in the research, production, and sales of optical communication transceiver modules, with 92.72% of its revenue coming from 10G and above optical modules [1] - The company has a trading volume of 3.22 billion CNY and a turnover rate of 2.76% [1] Group 2 - From the perspective of fund holdings, LianTe Technology is a significant investment for Huabao Fund, with its Huabao Specialized and New Mixed Fund A (016380) holding 8,300 shares, representing 3.78% of the fund's net value [2] - The Huabao Specialized and New Mixed Fund A has achieved a year-to-date return of 62.89% and a one-year return of 102.7%, ranking 432 out of 8,251 in its category [2] - The fund was established on September 27, 2022, and currently has a total size of 10.5798 million CNY [2]

Group 1 - The core viewpoint of the article is that 联特科技 has commenced production at its second factory in Malaysia, focusing on the development and manufacturing of next-generation high-speed optical modules such as 800G and 1.6T [2] - The company aims to continuously enhance its overseas production capacity, optimizing actual capacity based on customer order demands [2]

Core Viewpoint - The company, 联特科技, experienced a decline in stock price by 5.04% on December 26, with a trading volume of 1.96 billion yuan and a market capitalization of 21.979 billion yuan [1] Group 1: Company Overview - 联特科技 specializes in the research, development, production, and sales of optical communication transceiver modules, with a significant revenue contribution from 10G and above optical modules at 92.72% [7] - The company was established on October 28, 2011, and went public on September 13, 2022 [7] - As of September 30, the company had 24,900 shareholders, an increase of 7.14% from the previous period [8] Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 847 million yuan, representing a year-on-year growth of 31.75% [8] - The net profit attributable to the parent company was 81.796 million yuan, showing a year-on-year increase of 31.39% [8] - The company has distributed a total of 46.852 million yuan in dividends since its A-share listing [9] Group 3: Market Position and Technology - The company has developed core capabilities in optical chip integration, high-speed optical devices, and high-speed optical module design and production [2] - The main application markets for optical modules include data communication, telecommunications, and emerging markets, with the data communication market being the fastest-growing segment [2] - The company’s low-power design technology for optical modules significantly reduces power consumption, providing a competitive advantage in 5G communication and data center applications [3] Group 4: Shareholder and Institutional Holdings - As of September 30, 2025, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 2.3947 million shares, an increase of 533,000 shares from the previous period [9] - New institutional shareholders include 永赢科技驱动A, which holds 943,100 shares, and South China CSI 1000 ETF, which holds 474,700 shares, having decreased by 8,800 shares from the previous period [9]

Group 1 - The CPO concept stocks in the A-share market have declined, with notable drops in several companies [1] - Robotech has fallen over 6%, while Lantech and Shijia Photon have decreased by more than 5% [1] - Dekoli has dropped nearly 5%, and other companies like Changxin Bochuang, Jingwang Electronics, Juguang Technology, and Huamao Technology have seen declines of over 3% [1]

Market Overview - As of December 24, the Shanghai Composite Index closed at 3940.95 points, up by 20.97 points, representing a 0.53% increase [1] - The Shenzhen Component Index closed at 13486.42 points, up by 117.43 points, with a 0.88% increase [1] - The ChiNext Index closed at 3229.58 points, up by 24.57 points, reflecting a 0.77% increase [1] Stock Performance - A total of 89 A-shares had a turnover rate exceeding 20%, with six stocks, including C Jianxin and C Nabai Chuan, having turnover rates above 50% [1] - C Jianxin (688805) had a closing price of 58.12 yuan and a turnover rate of 77.25%, with a significant increase of 212.81% [1] - C Nabai Chuan (301667) closed at 82.73 yuan, with a turnover rate of 67.98%, but experienced a decline of 28.06% [1] - C Xihua (603248) closed at 26.01 yuan, with a turnover rate of 57.63%, and a decrease of 29.34% [1] - C Tiansu (301449) closed at 75.83 yuan, with a turnover rate of 54.69%, down by 24.93% [1] - Other notable stocks include C Youxun (688807) with a closing price of 231.60 yuan and a turnover rate of 50.23%, up by 14.03% [1] Additional Notable Stocks - Huazhong Cable (001208) closed at 21.05 yuan with a turnover rate of 49.18%, up by 6.10% [1] - Guangdao Tui (920680) closed at 1.32 yuan, with a turnover rate of 46.41%, and an increase of 29.41% [1] - Tongyu Communication (002792) closed at 34.71 yuan, with a turnover rate of 42.86%, up by 6.31% [1] - Shennong Agriculture (300189) closed at 7.90 yuan, with a turnover rate of 41.35%, up by 1.41% [1]

Core Viewpoint - The company is actively engaging in the research of 3D printing manufacturing processes and is evaluating various mainstream 3D printing equipment based on performance, technical compatibility, and cost-effectiveness [1] Group 1: Equipment Procurement - The company has previously procured 3D printing equipment primarily for research purposes [1] - The selection process for equipment involves comprehensive consideration of performance parameters and technical solutions [1] Group 2: Material Application - Currently, the company's 3D printing materials are mainly metal-based [1] - The company is simultaneously advancing research and business development for non-metal materials, with plans for gradual industrialization based on market demand [1]

Core Viewpoint - The company, Wuhan LianTe Technology Co., Ltd., is experiencing fluctuations in stock performance, with a recent decline of 3.27% and a market capitalization of 23.39 billion yuan. The company is involved in the optical communication module sector, focusing on high-speed optical devices and modules, particularly for data centers and 5G applications [1][4]. Company Overview - Wuhan LianTe Technology was established on October 28, 2011, and went public on September 13, 2022. The company specializes in the research, production, and sales of optical communication transceiver modules, with 92.72% of its revenue coming from 10G and above optical modules [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 847 million yuan, representing a year-on-year growth of 31.75%. The net profit attributable to the parent company was 81.8 million yuan, also reflecting a year-on-year increase of 31.39% [8]. Market Position and Trends - The company has developed core capabilities in optical chip integration, high-speed optical devices, and module design. Its products are crucial components in the data center and 5G communication sectors, with the optical module market experiencing significant growth, particularly in the data communication segment [2][3]. International Revenue Impact - As of the 2024 annual report, the company's overseas revenue accounted for 89.07%, benefiting from the depreciation of the Chinese yuan [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 24,900, with an average of 2,725 shares held per person, a decrease of 6.66% from the previous period. The company has distributed a total of 46.85 million yuan in dividends since its A-share listing [8][9].

Market Overview - As of December 23, the Shanghai Composite Index closed at 3919.98 points, up by 2.61 points, with a gain of 0.07% [1] - The Shenzhen Component Index closed at 13368.99 points, increasing by 36.26 points, representing a rise of 0.27% [1] - The ChiNext Index ended at 3205.01 points, up by 13.03 points, reflecting a growth of 0.41% [1] High Turnover Stocks - A total of 105 A-shares had a turnover rate exceeding 20% on December 23, indicating significant trading activity [1] - Notable stocks with turnover rates above 50% included C Nabaichuan at 86.16% and C Tiansu at 84.79%, with substantial shares changing hands [1] Top Performing Stocks - C Nabaichuan (301667) closed at 115.00 CNY, with a turnover rate of 86.16% and a remarkable increase of 408.17% [1] - C Tiansu (301449) closed at 101.01 CNY, achieving a turnover rate of 84.79% and a gain of 174.48% [1] - C Xihua (603248) closed at 36.81 CNY, with a turnover rate of 80.28% and an increase of 264.46% [1] Additional Noteworthy Stocks - Other stocks with significant turnover rates included Shen Nong Agriculture (300189) at 62.17% and Huazhong Cable (001208) at 56.76%, with respective price changes of 9.26% and -5.66% [1] - C Yuanchuang (001325) had a turnover rate of 56.51% and a price increase of 2.80% [1] - Tongyu Communication (002792) had a turnover rate of 44.08% but saw a decline of 7.64% [1]

Core Viewpoint - The stock of LianTe Technology has seen a significant increase of 7.68% on December 23, with a trading volume of 3.799 billion yuan and a market capitalization of 24.183 billion yuan [1] Group 1: Company Overview - LianTe Technology, established on October 28, 2011, is located in Wuhan and specializes in the research, development, production, and sales of optical communication transceiver modules [7] - The company's main revenue sources include 10G and above optical modules (92.72%), below 10G optical modules (5.57%), and material sales and leasing (1.71%) [7] - As of September 30, 2025, LianTe Technology reported a revenue of 847 million yuan, representing a year-on-year growth of 31.75%, and a net profit attributable to shareholders of 81.796 million yuan, also showing a growth of 31.39% [8] Group 2: Market Position and Technology - The company has developed core capabilities in optical chip integration, high-speed optical devices, and high-speed optical module design and production, focusing on technologies such as EML, SIP, and TFLN modulation for 800G optical modules [2] - The primary application markets for optical modules include data communication, telecommunications, and emerging markets, with the data communication market being the fastest-growing segment [2] - LianTe Technology's low-power design technology for optical modules significantly reduces power consumption, providing a competitive advantage in 5G communication and data center applications [3] Group 3: Financial and Shareholder Information - As of September 30, 2025, the company had 24,900 shareholders, an increase of 7.14% from the previous period, with an average of 2,725 circulating shares per person, a decrease of 6.66% [8] - The company has distributed a total of 46.852 million yuan in dividends since its A-share listing [9] - Major shareholders include Hong Kong Central Clearing Limited, which holds 2.3947 million shares, an increase of 533,000 shares from the previous period [9]