Venture(US:VEMLY) Jin Rong Jie·2026-01-22 01:36Market Overview - On January 22, A-shares opened higher across the board, with the Shanghai Composite Index rising by 9.13 points (0.22%) to 4126.07 points, the Shenzhen Component Index up by 58.51 points (0.41%) to 14313.63 points, and the CSI 300 Index increasing by 18.69 points (0.4%) to 4741.75 points [1] - The storage chip concept continued to show strength, with Yingfang Micro achieving a three-day limit-up, and Langke Technology opening over 11% higher [1] - Gold concept stocks mostly retreated, with Xiaocheng Technology down over 7% and Shengda Resources down over 6% [1] Company News - Tianfu Communication expects a net profit attributable to shareholders of 1.881 billion to 2.150 billion yuan, a year-on-year increase of 40% to 60%, driven by the growth in demand for high-speed optical devices due to the acceleration of the AI industry and global data center construction [2] - Demingli forecasts a net profit of 650 million to 800 million yuan for 2025, representing a year-on-year increase of 85.42% to 128.21% [2] - Moore Threads anticipates 2025 revenue between 1.45 billion and 1.52 billion yuan, a growth of 230.70% to 246.67% year-on-year, but expects a net loss of 950 million to 1.06 billion yuan, narrowing the loss by 34.50% to 41.30% compared to the previous year [2] - Baiwei Storage's advanced packaging project is progressing well, with expected monthly production capacity reaching 5,000 wafers by the end of 2026 and 10,000 wafers by the end of 2027, contributing to revenue starting in late 2026 [2] Additional Company Updates - Jin'an Guoji expects a net profit of 280 million to 360 million yuan, a year-on-year increase of 655.53% to 871.40% [3] - Tengjing Technology received a purchase order worth 12.8 million USD (approximately 89.15 million yuan) from a client, which is expected to positively impact its operating performance [3] - Dajin Heavy Industry forecasts a net profit of 1.05 billion to 1.2 billion yuan for 2025, a year-on-year increase of 121.58% to 153.23% [3] - Juhua Co. expects a net profit of 3.54 billion to 3.94 billion yuan, a year-on-year increase of 80% to 101% [3] Industry Trends - Intel and AMD plan to raise server CPU prices by 10% to 15% to address supply-demand imbalances, with their server CPU capacities for 2026 nearly sold out [6] - TSMC is increasing investment in advanced packaging technology, with plans to upgrade existing facilities and expand production capacity significantly by the end of 2027 [7] - The photovoltaic industry is experiencing price increases, with Trina Solar raising its guidance prices for distributed photovoltaic modules by 0.03 yuan/W, marking the third price adjustment since the beginning of 2026 [11] - The Ministry of Industry and Information Technology announced that China's 6G research has completed the first phase of technical testing, with over 300 key technology reserves established [12]