Core Viewpoint - The average stock price of A-shares is 14.69 yuan, with 216 stocks priced over 100 yuan, indicating a slight decrease in high-priced stocks compared to the previous trading day [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4138.76 points, down 0.64%, while stocks priced over 100 yuan saw an average decline of 2.13%, underperforming the index by 1.49 percentage points [1]. - In the past month, stocks priced over 100 yuan have averaged a 16.26% increase, significantly outperforming the Shanghai Composite Index, which rose by 6.41% [1]. Group 2: Stock Distribution - Among the stocks priced over 100 yuan, the electronics sector is the most represented with 76 stocks, accounting for 35.19% of the total, followed by the computer sector with 25 stocks (11.57%) and machinery equipment with 23 stocks (10.65%) [2]. - In terms of market segments, there are 45 stocks from the main board, 71 from the ChiNext, 6 from the Beijing Stock Exchange, and 94 from the Sci-Tech Innovation Board, with the latter making up 43.52% of the high-priced stocks [2]. Group 3: Institutional Ratings - Three stocks priced over 100 yuan received buy ratings from institutions, including Yaxin Integration, Yilian Technology, and Robot Technology, with the latter two being newly covered by institutions [2]. - Among the stocks with buy ratings, two have projected price targets that indicate an upside potential exceeding 20%, with Yaxin Integration having the highest potential increase of 29.04% [2].

Macroeconomic Insights - The US unemployment rate fell to 4.4% in December, down from a revised 4.5% in November, indicating a temporary halt in concerns over job market deterioration[11] - The US manufacturing PMI declined while the services PMI increased, reflecting mixed economic signals[7] - Consumer confidence in the US continued to recover in January, with inflation expectations slightly rising[7] Market Trends - Risk assets generally rose in the week of January 2-9, 2026, with major economies' stock markets and commodity prices increasing[7] - The 10-year US Treasury yield rose by 5.7%, while domestic 10Y government bond futures prices fell by 0.1%[7] - The dollar index increased by 0.7%, with the USD/CNY exchange rate at 6.98, indicating a slight appreciation of the yuan[7] Sector Performance - The AI application sector is expected to see significant growth, with a projected compound annual growth rate (CAGR) of over 35% for the AI industry and over 63% for the large model market[23] - The consumer electronics sector, particularly smart glasses, is experiencing rapid growth, with a projected 110% year-on-year increase in global shipments in the first half of 2025[38] Investment Recommendations - It is advised to overweight A/H shares due to multiple factors supporting Chinese equity performance, including an expected expansion of the fiscal deficit and a more aggressive economic policy[18] - Gold is recommended for overweight allocation due to its strong resilience and safe-haven attributes amid rising geopolitical uncertainties[20] - The report suggests a cautious approach to oil investments, recommending a lower allocation due to expected price pressures from geopolitical events and US policy directions[20]

壹连科技（301631.SZ）1月12日在投资者互动平台表示，公司积极开拓低空经济等新兴领域，持续开发 联合飞机、大疆创新、小鹏汇天等多家行业知名客户，挖掘增量市场，服务客户为其提供信号控制、传 输、集成及实现低空飞行器内部动力调动、传输等功能，亦可配套连接器整合定制等一整套集成化体系 的电连接解决方案，具备传输稳定、连接可靠、布局灵活等优点。公司已为大疆创新、联合飞机等行业 头部企业批量稳定供货。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司在低空飞行领域布局如何？大疆创新是贵公司 客户吗？ ...

Core Viewpoint - Yilian Technology plans to issue convertible bonds to raise 1.2 billion yuan for new energy intelligent manufacturing projects and to supplement working capital, aiming to enhance its technological capabilities and market competitiveness in the flexible electric connection components sector [1] Group 1: Investment and Project Development - The funds raised will be directed towards the flexible electric connection system project, which is expected to achieve an annual production capacity of approximately 45 million new flexible electric connection components [1] - The company aims to strengthen its partnerships with well-known domestic and international manufacturers in the new energy vehicle and energy storage sectors, enhancing customer loyalty and service quality [1] Group 2: Market Opportunities and Product Innovation - Yilian Technology is focusing on emerging fields such as low-altitude economy, embodied intelligence, and innovative medical applications, which are driving demand for lightweight, high-reliability, and customized flexible printed circuits (FPC) [2] - The company is developing solutions for bionic robots and electric vertical takeoff and landing (eVTOL) aircraft, which require complex and high-end FPCs [2] Group 3: Production Capacity and Supply Chain Optimization - To meet the growing order demands from both mainstream and niche markets, Yilian Technology is innovating its production line planning, establishing both large-scale and flexible production lines [2] - A new production base in Liyang will integrate front-end manufacturing and back-end assembly processes to create a more efficient supply chain and improve operational efficiency [2] Group 4: Technological Advancements - The company has mastered a mature "roll-to-roll" continuous production process, enabling the production of ultra-long FPCs up to 2.5 meters, which enhances product consistency and production efficiency [3] - Yilian Technology plans to continue investing in advanced manufacturing processes and deepen industry-academia collaboration to support the global green transition with competitive products and solutions [3]

| ਕਿ ਬੇ | 项目名称 | 投资总额 | 拟以募集资金投入额 | | --- | --- | --- | --- | | | 新能源智能制造柔性电连接系统项目 | 118.420.49 | 90,000.00 | | 2 | 补充流动资金 | 30,000.00 | 30,000.00 | | | 合计 | 148,420.49 | 120,000.00 | 2024年11月22日，壹连科技在深交所创业板上市。壹连科技在深交所创业板发行1,633.00万股，占发行 后总股本的比例约为25.01%，此次发行全部为新股发行，原股东不公开发售股份，发行价格为72.99元/ 股。壹连科技发行的保荐机构为招商证券股份有限公司，保荐代表人为黄文雯、楼剑。 上市当日，壹连科技最高报240.00元，为该股截至目前的股价最高峰。 中国经济网北京1月6日讯壹连科技（301631）(301631.SZ)昨晚披露的向不特定对象发行可转换公司债 券预案显示，本次向不特定对象发行可转换公司债券募集资金总额预计不超过120,000.00万元(含本 数)，扣除发行费用后的募集资金净额拟投资于以下项目：新能源智能制造柔性电连接系统项目和 ...

Group 1 - Lichong Group expects a net profit of 830 million to 870 million yuan for 2025, representing a year-on-year growth of 17.38% to 23.04% [1] - Shandong Zhanggu anticipates a net profit of 72 million to 80 million yuan for 2025, with a year-on-year increase of 0.65% to 11.83% [2] - Yinglian Co. forecasts a net profit of 32 million to 42 million yuan for 2025, marking a turnaround from a loss of 39.67 million yuan in the previous year [3] Group 2 - Hangya Technology announces plans for shareholders to reduce their holdings by up to 2.76% of the company's shares [4] - Guizhou Tire plans to invest in a project in Morocco to produce 6 million semi-steel radial tires annually, with a total investment of 299 million USD [5] - Laisentongling's shareholder plans to reduce their stake by no more than 1% [6] Group 3 - ST Yifei's shareholder intends to reduce their holdings by up to 1.53% [7] - Hengyi Petrochemical has fully launched the second phase of its Brunei refining project, aiming for a production capacity of 12 million tons per year [8] - Zai Sheng Technology's controlling shareholder has terminated an agreement to transfer part of the company's shares [9] Group 4 - Sry New Materials proposes a cash dividend of 0.4 yuan per 10 shares for the first three quarters of 2025 [10] - Quanyin High-Tech announces that the offer period for China Seed Group's acquisition has expired, leading to a temporary suspension of its stock [11] - Zhonggang Luonai's shareholder plans to reduce their stake by up to 1% [12] Group 5 - Nanmo Bio expects to receive a government subsidy of 5.8 million yuan for its subsidiary [13] - Beite Technology has received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [14] - Qianyuan Pharmaceutical's subsidiary has obtained drug registration certificates for a new medication [15] Group 6 - Boto Integrated plans to reduce its holdings by no more than 1% [16] - Wanze Co. intends to reduce its stake by up to 1.66% [17] - Tianci Materials will halt production for maintenance on its lithium hexafluorophosphate production line starting March 1, 2026 [18] Group 7 - Haopeng Technology plans to raise up to 800 million yuan through a private placement [20] - Yisheng Co. reports a 43.32% year-on-year increase in sales revenue for its white feather broiler chicks in December 2025 [21] - Jinyu Medical proposes a cash dividend of 8.8 yuan per 10 shares for the first three quarters of 2025 [22] Group 8 - Caesar Travel's subsidiary has won a management service project for the Qingdao International Cruise Port [23] - Kelun Pharmaceutical plans to repurchase shares worth 50 million to 100 million yuan [24] - Jiangling Motors reports a 10.56% year-on-year increase in cumulative sales for 2025 [25] Group 9 - Yilian Technology plans to issue convertible bonds to raise up to 1.2 billion yuan [26] - Shaanxi Guotou A intends to participate in a capital increase for Chang'an Bank, with an amount not exceeding 800 million yuan [27] - Oupokang Vision has obtained a production license for eye drops [28] Group 10 - Shanghai Electric plans to provide management services for overseas assets of China Electric International [30] - Yingfang Micro is planning a major asset restructuring, leading to a temporary suspension of its stock [31] - Victory Energy's stock will resume trading after completing a verification process [32] Group 11 - China Merchants Industry has signed a shipbuilding agreement with Dalian Shipbuilding [33] - Kunyu Group has appointed a new chairman following a board meeting [34] - Microchip Bio's clinical trial application for a new diabetes treatment has been accepted [35] Group 12 - Hanshuo Technology has signed a sales intention agreement for smart shopping carts with Woolworths in Australia [36] - Zhongmin Energy's three photovoltaic power station projects have been included in the Fujian Province development list [37] - Penghui Energy plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [38] Group 13 - Victory Energy reports that the acquirer has deposited a guarantee for the acquisition [39] - Fangsheng Pharmaceutical proposes a special dividend of 0.15 yuan per share for 2025 [40] - Nanning Department Store has received approximately 14.28 million yuan in government subsidies since January 2025 [41] Group 14 - Jushen Co. has signed a bauxite transfer agreement with a company in Guinea [42] - ST Huluwawa has received a drug registration certificate for a new inhalation solution [43] - Zhongzhi Co. will become the controlling shareholder following a share transfer agreement [44] Group 15 - Chuangli Group has signed a strategic cooperation framework agreement with Chuanjiu Construction [45]

Core Viewpoint - Shenzhen Yilian Technology Co., Ltd. plans to issue convertible bonds to raise no more than 1.2 billion yuan for new energy intelligent manufacturing projects and to supplement working capital, aiming to enhance its technological applications in key areas like electronic skin [1] Group 1: Funding and Project Development - The company intends to use the raised funds for a flexible electric connection system project, which is expected to achieve an annual production capacity of approximately 45 million new flexible electric connection components once fully operational [1] - This initiative aims to strengthen partnerships with well-known domestic and international manufacturers in the new energy vehicle and energy storage sectors, enhancing the company's technological capabilities and market competitiveness [1] Group 2: Production and Technological Advancements - The new production base in Liyang will integrate front-end manufacturing of flexible printed circuits (FPC) with existing back-end assembly processes, aiming to create a more efficient supply chain and improve overall operational efficiency and cost competitiveness [2] - The company has mastered a mature "roll-to-roll" continuous production process, capable of producing 2.5-meter ultra-long FPCs, which enhances product consistency and production efficiency [2] - Future plans include continuous investment in R&D and deepening industry-academia collaboration to develop more competitive products and solutions, focusing on lightweight, thinner, and higher integration of electric connection components [2]

壹连科技（301631）(301631.SZ)披露向不特定对象发行可转换公司债券预案，公司拟发行可转换公司 债券募集资金总额不超过12亿元(含本数)。初始转股价格不低于募集说明书公告日前20个交易日公司股 票交易均价和前一个交易日公司股票交易均价的较高者，且不得向上修正。扣除发行费用后的募集资金 净额拟投资于新能源智能制造柔性电连接系统项目、补充流动资金。 ...

Core Viewpoint - The company, 壹连科技, plans to issue convertible bonds to raise a total of no more than 1.2 billion yuan, which will be used for investment in a new energy intelligent manufacturing project and to supplement working capital [1] Group 1 - The company intends to issue convertible bonds to unspecified investors [1] - The total amount of funds to be raised through the bond issuance is capped at 1.2 billion yuan, including the principal [1] - The initial conversion price will be set at no less than the higher of the average stock trading price over the 20 trading days prior to the announcement and the trading price on the last trading day before the announcement, with no upward adjustments allowed [1] Group 2 - The net proceeds from the bond issuance, after deducting issuance costs, are planned to be invested in a flexible electric connection system project for new energy intelligent manufacturing [1] - The remaining funds will be used to supplement the company's working capital [1]

Core Viewpoint - The company plans to issue convertible bonds to raise up to 1.2 billion yuan for investment in a new energy intelligent manufacturing flexible electric connection system project and to supplement working capital [1] Group 1: Investment and Project Details - The total investment for the new energy intelligent manufacturing flexible electric connection system project is 1.184 billion yuan, with 900 million yuan expected to be funded from the raised capital [1] - A new production base will be established in Liyang City, Changzhou, Jiangsu Province, with an annual production capacity of approximately 45 million new flexible electric connection components upon completion [1] Group 2: Market Demand and Client Relationships - The company's flexible printed circuit (FPC) products primarily serve the rapidly growing electric vehicle and energy storage industries, with clear order demand driven by the expansion of end customers' production capacity [2] - Major automotive manufacturers such as XPeng Motors, Dongfeng Nissan, and Geely have begun using the company's FPC products in large quantities, while energy storage clients are also expressing increased demand due to industry growth [2] Group 3: Competitive Position and Future Opportunities - The company emphasizes the need to expand FPC manufacturing capacity to meet the increasing order demands from clients, particularly in light of competitive pressures from international customers [2] - Emerging fields such as low-altitude economy and innovative medical applications are driving the demand for lightweight, high-reliability, and customized FPC solutions, which the company is actively developing [2] - The company aims to maintain and strengthen its leading position in the FPC sector through capacity expansion, especially as leading battery manufacturers like CATL push for higher integration of next-generation battery systems [2]