中欧瑾和灵活配置混合A（001173）成立日期2015年4月13日，最新规模2.25亿。今年以来收益 47.93%，同类排名723/8189；近一年收益104.5%，同类排名342/7969；成立以来收益95.2%。 中欧瑾和灵活配置混合A（001173）基金经理为李帅。 截至发稿，李帅累计任职时间10年37天，现任基金资产总规模44.27亿元，任职期间最佳基金回报 101.5%， 任职期间最差基金回报-25.29%。 8月29日，波长光电跌5.07%，截至发稿，报85.06元/股，成交3.84亿元，换手率9.62%，总市值98.43亿 元。 资料显示，南京波长光电科技股份有限公司位于江苏省南京市江宁区湖熟工业集中区波光路18号，成立 日期2008年12月24日，上市日期2023年8月23日，公司主营业务涉及国内精密光学元件、组件的主要供 应商，长期专注于服务工业激光加工和红外热成像领域，提供各类光学设备、光学设计以及光学检测的 整体解决方案。主营业务收入构成为：光学组件46.03%，光学元件40.16%，光学系统方案与检测设计 工具及其他13.81%。 从波长光电十大流通股东角度 数据显示，中欧基金旗下1只 ...

证券之星消息，8月28日光学光电子板块较上一交易日上涨2.1%，艾比森领涨。当日上证指数报收于 3843.6，上涨1.14%。深证成指报收于12571.37，上涨2.25%。光学光电子板块个股涨跌见下表： 从资金流向上来看，当日光学光电子板块主力资金净流出20.12亿元，游资资金净流入6539.86万元，散 户资金净流入19.47亿元。光学光电子板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300389 | 艾比森 | 14.70 | 20.00% | 25.81万 | | 3.77亿 | | 301183 | 东田微 | 111.03 | 15.38% | 18.29万 | | 19.53 Z | | 688502 | 成莱光学 | 475.34 | 13.71% | 2.18万 | | 9.80亿 | | 300939 | 秋 ...

Investment Rating - The report assigns an "Accumulate" rating to the company [1] Core Views - The company reported a revenue of 223 million yuan for the first half of 2025, representing a year-on-year increase of 17.79%, while the net profit attributable to shareholders was 14.23 million yuan, down 50.57% year-on-year [4][5] - The decline in net profit despite revenue growth is attributed to increased personnel costs, stock-based compensation, higher exhibition expenses, and increased credit impairment and inventory write-downs [5] - The semiconductor and related fields showed strong growth, with revenue increasing by 99.44% year-on-year, driven by enhanced investment in semiconductor processing capabilities and participation in industry exhibitions [6] - The infrared imaging optical business achieved revenue of 64.57 million yuan, accounting for 62.4% of last year's total infrared revenue, with a year-on-year increase of 104% [8] Summary by Sections Company Overview - Latest closing price: 84.04 yuan - Total shares: 1.16 billion, circulating shares: 0.46 billion - Total market value: 9.7 billion yuan, circulating market value: 3.9 billion yuan - 52-week high/low: 89.77/29.90 yuan - Debt-to-asset ratio: 14.9% - Price-to-earnings ratio: 262.62 [3] Financial Performance - For the first half of 2025, the company achieved a revenue of 223 million yuan and a net profit of 14.23 million yuan [4] - The company expects revenues of 540 million, 700 million, and 910 million yuan for 2025, 2026, and 2027 respectively, with net profits of 45 million, 65 million, and 86 million yuan [9][11] Business Segments - The infrared and consumer optical business segments are expected to grow, with the consumer optical products segment showing significant growth, particularly in AR/VR products, which saw a revenue increase of 470% year-on-year [7][8] - The company is also collaborating with Zhejiang University to develop key technologies for semiconductor detection [6]

8月26日早盘，波长光电曾出现快速反弹行情，在9点41分时股价报87.68元，5分钟内涨幅超过2%。当 日主力资金净流出567.16万元，近五日主力资金累计净流出6014.92万元。 风险提示：股市有风险，投资需谨慎。 波长光电属于光学光电子行业，公司主营业务为光学元件、光学组件的研发、生产和销售。公司产品主 要应用于消费电子、安防监控、车载电子等领域。 截至2025年8月26日收盘，波长光电股价报86.54元，较前一交易日下跌2.12元，跌幅2.39%。当日成交 量为54354手，成交金额达4.73亿元，换手率为11.74%。 ...

风险提示：股市有风险，投资需谨慎。 截至2025年8月25日收盘，波长光电股价报88.66元，较前一交易日下跌1.24%。盘中股价波动明显，早 盘10时13分左右出现快速反弹，5分钟内涨幅超过2%，最高触及90.8元，成交额达3.04亿元。 波长光电主营业务为光学光电子产品的研发、生产和销售，产品广泛应用于消费电子、医疗设备、工业 检测等领域。公司是江苏省专精特新企业，涉及AI眼镜、新型工业化等产业方向。 8月25日波长光电主力资金净流出1714.18万元，占流通市值比例为0.42%。近五个交易日累计净流出 8162.40万元，占流通市值比例达1.99%。 ...

天眼查商业履历信息显示，南京波长光电科技股份有限公司，成立于2008年，位于南京市，是一家以从 事仪器仪表制造业为主的企业。企业注册资本11571.8万人民币，实缴资本3500万人民币。公司法定代 表人为吴玉堂。 通过天眼查大数据分析，南京波长光电科技股份有限公司共对外投资了6家企业，参与招投标项目38 次，知识产权方面有商标信息9条，专利信息204条，此外企业还拥有行政许可72个。 来源：金融界 金融界消息 截至2025年8月25日收盘，波长光电（301421）报收于88.66元，下跌1.24%，换手率 20.46%，成交量9.47万手，成交金额8.48亿元。 资金流向方面，今日主力资金净流出1714.18万元，占比成交额2.02%。其中，超大单净流出1810.88万 元、占成交额2.14%，大单净流入96.70万元、占成交额0.11%，中单净流出流入3551.67万元、占成交额 4.19%，小单净流出1837.49万元、占成交额2.17%。 波长光电最新一期业绩显示，截至2025中报，公司营业总收入2.23亿元、同比增长17.79%，归属净利润 1423.47万元，同比减少50.57%，扣非净利润1067 ...

Core Viewpoint - The optical and optoelectronic sector experienced a significant increase, with a 2.03% rise on August 22, led by Helitai's strong performance [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3825.76, up 1.45% [1] - The Shenzhen Component Index closed at 12166.06, up 2.07% [1] - Helitai (002217) led the sector with a closing price of 3.07, reflecting a 10.04% increase [1] Group 2: Stock Performance - The following stocks showed notable gains: - Chanzhan Optoelectronics (003019) closed at 43.55, up 8.60% [1] - Chenglai Optics (688502) closed at 438.00, up 8.01% [1] - Wavelength Optoelectronics (301421) closed at 89.77, up 7.10% [1] - Lianjian Optoelectronics (300269) closed at 5.83, up 6.97% [1] - Fuzhen Technology (002222) closed at 44.48, up 5.63% [1] - Aobi Zhongguang (688322) closed at 83.28, up 5.38% [1] - Gebijia (835438) closed at 45.00, up 4.65% [1] - Fuguang Co., Ltd. (688010) closed at 34.74, up 4.45% [1] - Tianshan Electronics (301379) closed at 27.76, up 4.13% [1] Group 3: Capital Flow - The optical and optoelectronic sector saw a net inflow of 889 million yuan from main funds [3] - Retail investors contributed a net inflow of 54.79 million yuan, while speculative funds experienced a net outflow of 944 million yuan [3]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company achieved a revenue of 220 million yuan in H1 2025, representing a year-over-year increase of 17.8%, but the net profit attributable to the parent company decreased by 50.6% to 14 million yuan [1] - The company's "Optics+" strategy is showing initial benefits, focusing on major customer growth and new application market development, particularly in the semiconductor and pan-semiconductor sectors [1][2] - The company has established a strategic customer center to enhance service levels and capabilities, with significant revenue contributions from the semiconductor and infrared imaging optical sectors [1][2] Financial Performance - In Q2 2025, the company reported a revenue of 120 million yuan, a year-over-year increase of 15.4% and a quarter-over-quarter increase of 25.05% [1] - The gross margin for H1 2025 was 30%, down 5.8 percentage points year-over-year, with Q2 gross margin at 29.8%, down 6.2 percentage points year-over-year [1] - The company forecasts revenues of 560 million yuan, 740 million yuan, and 970 million yuan for 2025, 2026, and 2027 respectively, with net profits expected to be 50 million yuan, 70 million yuan, and 90 million yuan for the same years [2][4] Business Segments - Revenue from the laser optics sector reached 137 million yuan in H1 2025, with semiconductor and pan-semiconductor contributing approximately 35 million yuan, a year-over-year increase of 99% [1] - The infrared imaging optical business generated 65 million yuan in H1 2025, a year-over-year increase of 104% [1] - The consumer optical business, through its subsidiary Jiangsu Wavelength, achieved revenue of 12 million yuan in H1 2025, with AR/VR optical product revenue growing by 470% [1]

Group 1: Key Insights on Xtep International - The main brand performance is stable, with significant growth in the professional sports segment, achieving a total revenue of 6.84 billion yuan in H1 2025, a year-on-year increase of 7.1% [3][4] - The professional sports revenue increased by 32.5% to 785 million yuan, contributing to a notable improvement in operating profit margin, which rose by 6.1 percentage points to 10% [4][5] - The company maintains a strong cash position, with net cash increasing by 94.3% to 1.913 billion yuan, indicating stable overall operations [5][6] Group 2: Key Insights on Meitu Inc. - Meitu Inc. reported a revenue of 1.82 billion yuan in H1 2025, reflecting a year-on-year growth of 12.3%, with a gross profit of 1.34 billion yuan and a gross margin of 73.6% [8][9] - The revenue from AI-driven imaging and design products grew by 45.2% to 1.35 billion yuan, driven by an increase in active user base and payment penetration [10] - The company is successfully advancing its globalization strategy, with a 15% year-on-year increase in monthly active users outside mainland China [10] Group 3: Key Insights on Wavelength Optoelectronics - Wavelength Optoelectronics achieved a revenue of 220 million yuan in H1 2025, a year-on-year increase of 17.8%, although net profit decreased by 50.6% to 14 million yuan [12][13] - The company is focusing on the semiconductor and optoelectronic markets, with a significant revenue increase of 99% in semiconductor-related products [14] - The company is expanding its consumer optical products, with AR/VR optical product revenue increasing by 470% [14] Group 4: Key Insights on Dongfang Wealth - Dongfang Wealth reported a total revenue of 6.856 billion yuan in H1 2025, a year-on-year increase of 38.65%, with net profit growing by 35.38% [16][17] - The brokerage and margin financing businesses are the main growth drivers, benefiting from a significant market recovery with a daily average trading volume increase of 61% [17][18] - The company has a solid traffic foundation, with its brokerage, margin financing, and fund distribution businesses showing strong resilience [18] Group 5: Key Insights on Zhongke Feicai - Zhongke Feicai achieved a revenue of 700 million yuan in H1 2025, reflecting a year-on-year growth of 51.4%, with a gross margin of 54.3% [22][23] - The company is expanding its order scale, with inventory and contract liabilities increasing, indicating a positive future performance trend [23][24] - The company is focusing on the development of seven series of equipment, with steady growth in market share for its detection devices [25] Group 6: Key Insights on Tongcheng Travel - Tongcheng Travel reported a revenue of 4.7 billion yuan in Q2 2025, a year-on-year increase of 10%, with adjusted net profit rising by 18% [26][27] - The core online travel platform showed robust growth, with a revenue increase of 14% in transportation ticketing and 15% in accommodation bookings [27][28] - The company is focusing on expanding its user base in lower-tier cities, with a significant portion of new paid users coming from these regions [28] Group 7: Key Insights on Limin Co. - Limin Co. achieved a revenue of 2.452 billion yuan in H1 2025, with a remarkable net profit increase of 747.13% [30][31] - The company is consolidating its position as a leading pesticide manufacturer, with significant price and sales increases for its main products [32][34] - The company is advancing its research and development capabilities, with ongoing collaborations for innovative product development [34][35]

"今年以来，我们加大半导体工艺能力及相关场景应用的投入，积极参加国内外知名半导体相关展会， 强化半导体等业务领域产品推广，无论是在工艺技术、产品品类以及客户数量上都取得了一定进 展。"波长光电相关负责人表示，上半年公司微纳光学实验室逐步投入使用，根据客户需求已开展光场 匀化、整形以及在线检测相关的微纳光学产品的研发。如进展顺利，可以进一步扩充公司半导体光学领 域的产品种类。 中证报中证网讯（记者 孟培嘉）波长光电8月20日披露的投资者关系活动记录表显示，公司上半年实现 半导体光学及泛半导体领域业务收入3477万元，其中半导体领域业务收入接近1000万元，其余为PCB、 显示等泛半导体领域收入。 ...