Group 1 - The company BoYing TeHan announced that on January 5, 2026, it will accept an investor survey from Panze Asset and other investors, with participation from the company's director, deputy general manager, and board secretary Liu Yining, as well as investor relations management specialist Tan Jingyi [1] Group 2 - The iMoutai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 100,000 users placing orders for the product priced at 1499 yuan, which quickly sold out [1]

Core Insights - In December 2025, over 600 A-share listed companies underwent institutional research, indicating a strong interest in investment opportunities in the A-share market as the new year approaches [2][3]. Group 1: Institutional Research Activities - The research activities in December 2025 maintained a high level of engagement, with more than 600 A-share companies participating [3]. - Among these, companies like Boying Special Welding received significant attention, with over 10 research sessions conducted, involving various types of institutions such as public funds, private equity, and insurance companies [3]. - Boying Special Welding plans to launch two HRSG production lines in 2026, primarily targeting non-North American markets [3][4]. Group 2: Company Performance and Insights - Boying Special Welding was noted as one of the standout stocks in December 2025, with a cumulative increase of over 30% [4]. - Jerry Holdings also ranked high in terms of institutional research frequency, focusing on supply chain resilience and partnerships with major gas turbine manufacturers [5]. - Jerry Holdings' stock price rose by over 20% in December 2025, reflecting strong market performance [5]. Group 3: Market Trends and Sector Focus - The research highlighted a concentration of interest in sectors such as machinery, electronics, basic chemicals, automotive, pharmaceuticals, power equipment, and computers [6]. - Over 100 companies that saw their stock prices double in 2025 participated in institutional research, indicating a correlation between research engagement and stock performance [8]. - Companies like Shenghong Technology, which experienced a stock price increase of over 500%, engaged with numerous institutional investors to discuss expansion plans and production capacity [8].

Core Insights - Public fund research enthusiasm is high as firms prepare for 2026, with 155 public institutions participating in A-share research in December 2025, totaling 3,472 research instances across 451 stocks in 29 industries [1][2]. Group 1: Company Focus - Changan Automobile is the most researched stock with 88 instances, focusing on automotive manufacturing and transitioning towards smart low-carbon travel technology [1][2]. - Other notable companies include Haiguang Information and Zhongke Shuguang, each with 79 research instances, indicating strong interest in the electronics and computer sectors [2][3]. - In the mechanical equipment sector, Jerry Holdings and Boying Welding received 72 and 48 research instances, respectively, highlighting their prominence in the industry [1][3]. Group 2: Industry Insights - The electronics industry received the highest attention with 654 research instances across 64 stocks, led by Haiguang Information, Lingyi Technology, and Canxin Semiconductor [3]. - The mechanical equipment sector followed closely with 505 research instances, covering 72 stocks, with Jerry Holdings and Boying Welding being the most researched [3]. - Other industries such as electric power equipment, pharmaceuticals, automotive, computers, and basic chemicals also saw significant research activity, each exceeding 200 instances [3]. Group 3: Institutional Activity - A total of 71 public institutions were active in research, with 3 firms leading: Huaxia Fund with 100 instances, followed by Bosera Fund with 90, and Southern Fund with 77, primarily focusing on the electronics and mechanical equipment sectors [3].

Group 1: Company Overview and Market Position - The company is committed to both domestic and international markets, maintaining a leading position in the domestic market while actively expanding overseas [1] - The demand for waste incineration and the transformation of downstream industries are driving market penetration [1] - The company has established a significant presence in the HRSG (Heat Recovery Steam Generator) and oil-gas composite pipe businesses, with HRSG already having a certain scale of production capacity [1] Group 2: Production and Capacity Expansion - The Vietnam production base has commenced operations with 4 HRSG production lines, and the second phase is expected to be operational by Q2 2027, aiming for a total of 12 lines by the end of 2026 [3][6] - The production cycle for HRSG products is approximately 6 months, with revenue recognition occurring upon completion of production and shipping [3] Group 3: Competitive Advantages - The main competitors in the Vietnam market are from South Korea, Thailand, and local manufacturers, but the company has advantages in production costs and extensive experience in the energy equipment sector [5] - The company is positioned to enter the high-end oil and gas composite pipe market, which has a market space of several billion dollars annually, leveraging its technical reserves [5] Group 4: Internationalization and Revenue Growth - Over 50% of the company's revenue comes from international projects, with expectations for this percentage to increase by 2026 [6] - The company plans to establish production bases in regions like the Middle East to enhance its international order capacity [6] Group 5: Investor Relations and Future Outlook - The company has distributed dividends totaling approximately 1 billion yuan since its listing and plans to implement a share buyback of 40 million yuan to stabilize and enhance investment value [8] - The company emphasizes continuous optimization of profit distribution mechanisms to share development dividends with investors [8]

Core Viewpoint - In December 2025, over 600 A-share listed companies underwent institutional research, indicating a strong interest in investment opportunities in the A-share market as the new year approaches [1][4]. Group 1: Institutional Research Activities - More than 100 companies that experienced a doubling in stock price in 2025 were part of the institutional research [2][10]. - The research activities maintained high intensity, with institutions such as public funds, private funds, brokerages, and insurance companies participating in various forms including on-site visits and online research [4]. - Notable companies like Boying Special Welding and Jereh Holdings received significant attention, with Boying Special Welding being researched over 10 times in December 2025 [4][6]. Group 2: Company Insights - Boying Special Welding plans to launch two HRSG production lines in 2026 to meet non-North American market demands, leveraging its experience and production qualifications to maintain a competitive edge [4][5]. - Jereh Holdings emphasized its global supply chain resilience and strategic partnerships with major turbine manufacturers to ensure timely delivery of products, while also expanding its production capacity in North America [6]. - Okoyi's insights on tungsten prices suggest a stable high price range, benefiting the tool industry and allowing leading companies to consolidate their market positions through technological advantages [7]. Group 3: Market Trends and Performance - In December 2025, Jereh Holdings' stock rose over 20%, reflecting strong market performance [7]. - The A-share market saw the emergence of over 500 doubling stocks in 2025, with more than 100 of these companies participating in institutional research in December [10]. - Companies like Shenghong Technology, which saw a stock increase of over 500%, actively engaged with institutional investors to discuss expansion plans and production capabilities [10].

南财智讯1月5日电，博盈特焊公告，公司董事会于近日收到公司副总经理陈必能先生的辞任报告。陈必 能先生因个人原因申请辞去公司副总经理的职务，原定任期为2024年4月18日至2026年9月14日。根据 《中华人民共和国公司法》《广东博盈特焊技术股份有限公司章程》等有关规定，陈必能先生的辞任报 告自送达公司董事会之日起生效。陈必能先生辞去副总经理职务后，已不再是公司的高级管理人员，辞 任后将继续在公司担任其他职务。截至本公告披露日，陈必能先生通过深圳市博德瑞科技合伙企业（有 限合伙）间接持有公司20.25万股，占当前公司总股份的0.16%。陈必能先生在任职期间不存在应当履行 而未履行的承诺事项。其后续股份变动将继续遵守《深圳证券交易所创业板股票上市规则》《上市公司 股东减持股份管理暂行办法》《深圳证券交易所上市公司自律监管指引第18号——股东及董事、高级管 理人员减持股份》《深圳证券交易所上市公司自律监管指引第10号——股份变动管理》等相关规定，也 将继续履行其在公司《首次公开发行股票并在创业板上市招股说明书》中所作的关于股份限售及减持承 诺。 ...

Investment Rating - The report assigns an "Outperform the Market" rating for the company [4] Core Insights - The company is a leading manufacturer of anti-corrosion and wear-resistant cladding equipment, actively expanding into overseas markets and new business areas, particularly in HRSG (Heat Recovery Steam Generators) and oil and gas composite pipes, which are expected to drive growth [1][3] - The company has a projected revenue and net profit CAGR of 13.94% and 2.07% from 2018 to 2024, respectively, with a significant increase in overseas revenue share from 11% in 2021 to 55% in 2024 [1][29] - The company is well-positioned to benefit from the upcycle in the HRSG market driven by the demand for gas turbines and AI data centers, with an estimated overseas HRSG demand of approximately 50-80 billion yuan over the next 3-5 years [2][3] Summary by Sections Company Overview - The company, established in 2007, specializes in anti-corrosion and wear-resistant cladding equipment, with applications in energy, environmental protection, and other industrial sectors [14] - It has a strong customer base, including major companies like GE and Hitachi, and is expanding its international presence in markets such as the UAE, the US, and Europe [14][19] Financial Performance - The company experienced a decline in domestic demand, leading to a decrease in revenue from 5.75 billion yuan in 2022 to 4.60 billion yuan in 2024, while net profit is expected to drop from 1.21 billion yuan in 2022 to 0.69 billion yuan in 2024 [25][29] - The overseas revenue share is projected to rise significantly, with a CAGR of 55.72% from 2021 to 2024, indicating a strategic shift towards international markets [29] Business Segments - The HRSG segment is expected to benefit from the increasing demand for gas turbines, with the company investing in production capacity in Vietnam to meet North American market needs [2][3] - The oil and gas composite pipe business is also being developed, targeting the growing demand in the Middle East for deep-sea oil and gas extraction [3][19] Profitability and Valuation - The company forecasts net profits of 0.53 billion yuan, 1.79 billion yuan, and 3.46 billion yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 132, 39, and 20 [3][8] - The reasonable stock valuation range is set between 67.50 and 74.25 yuan, indicating potential upside from the current closing price of 52.28 yuan [4]

每经AI快讯，博盈特焊1月5日晚间发布公告称，陈必能先生因个人原因申请辞去公司副总经理的职 务，原定任期为2024年4月18日至2026年9月14日。辞任后将继续在公司担任其他职务。 每经头条（nbdtoutiao）——秒光！1499元飞天茅台上线即空，i茅台App冲上苹果购物榜第一，10万用 户已下单！经销商同价做回馈，1000箱很快卖完 （记者 王晓波） ...

证券代码：301468 证券简称：博盈特焊 公告编号：2026-001 广东博盈特焊技术股份有限公司 陈必能先生在任职期间恪尽职守、勤勉尽责，公司及董事会对陈必能先生在 担任副总经理职务期间为公司发展所做出的贡献表示衷心的感谢！ 特此公告。 广东博盈特焊技术股份有限公司 董事会 本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。 广东博盈特焊技术股份有限公司（以下简称"公司"）董事会于近日收到公司 副总经理陈必能先生的辞任报告。陈必能先生因个人原因申请辞去公司副总经理 的职务，原定任期为2024年4月18日至2026年9月14日。根据《中华人民共和国公 司法》《广东博盈特焊技术股份有限公司章程》等有关规定，陈必能先生的辞任 报告自送达公司董事会之日起生效。 陈必能先生辞去副总经理职务后，已不再是公司的高级管理人员，辞任后将 继续在公司担任其他职务，其辞任不会对公司日常经营与管理运作产生不利影响。 截至本公告披露日，陈必能先生通过深圳市博德瑞科技合伙企业（有限合伙） 间接持有公司20.25万股，占当前公司总股份的0.16%。陈必能先生在任职期间不 存在应当履行而未履 ...

博盈特焊1月5日披露，截至12月31日公司股东户数为17004户，较上期（12月20日）减少3181户，环比 降幅为15.76%。 （文章来源：证券时报网） 证券时报·数据宝统计，截至发稿，博盈特焊收盘价为50.54元，下跌3.33%，本期筹码集中以来股价累 计下跌5.76%。具体到各交易日，4次上涨，5次下跌。 公司发布的三季报数据显示，前三季公司共实现营业收入3.72亿元，同比下降0.03%，实现净利润 4161.54万元，同比下降37.17%，基本每股收益为0.3200元，加权平均净资产收益率1.80%。（数据宝） ...