广东领益智造股份有限公司 关于公司签订《股权转让协议》的进展公告 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。 一、交易概述 证券代码：002600 证券简称：领益智造 公告编号：2026-008 二、本次交易进展情况 近日，根据公司付款进度、立敏达董事会席位安排、财产权转移手续办理情 况、立敏达公司章程以及遵循企业会计准则的相关规定，公司已按照约定完成本 次交易的相关交割程序，立敏达已成为公司的控股子公司，并纳入公司合并报表 范围。 特此公告。 广东领益智造股份有限公司董事会 为进一步促进广东领益智造股份有限公司（以下简称"公司"）快速获得海 外算力行业头部客户服务器液冷散热业务的技术储备与客户认证资质，降低服务 器电源相关产品的开发成本和产品验证周期，丰富公司服务器板块的产品矩阵， 提升公司 AI 硬件服务器板块的业务规模和盈利能力，2025 年 12 月 22 日，公司 与张强、武燕、武永军、县菊红、马琪、单筱军、郝代超、唐健、东莞市毛旦投 资有限公司、新余德彩米谷创业投资中心（有限合伙）及东莞德彩君泰创业投资 基金（有限合伙）签订了《关于东莞市立敏达 ...

Core Viewpoint - The company announced the acquisition of a 35% stake in Limin Da for 875 million yuan, gaining control over 52.78% of voting rights, thus making Limin Da a subsidiary included in the consolidated financial statements [1] Group 1 - The company completed the transaction related to the acquisition of Limin Da [1] - The acquisition was finalized on December 22, 2025 [1] - The company acquired voting rights from Zhang Qiang, totaling 17.78% [1]

Group 1 - The core viewpoint of the articles highlights the recent decline in the rare earth permanent magnet sector, with the China Securities Rare Earth Industry Index dropping by 6.48% as of January 30, 2026, driven by a correction in the market [1] - Despite the recent downturn, the demand for rare earths is expected to remain strong due to policy support and pre-holiday inventory needs, with firms like Guotai Junan Securities maintaining a positive outlook on the investment value of rare earths [1] - The supply-demand balance for rare earths is projected to remain tight, with stricter export quota management and increasing penetration of downstream permanent magnet materials in high-growth sectors such as new energy vehicles and wind power [1] Group 2 - According to CITIC Securities, the strategic importance of global rare earth resources is on the rise, marking the entry of the rare earth industry into a new era of high-quality development [1] - The report anticipates that from 2026 onwards, the global supply-demand gap for rare earths may continue to widen, leading to stable or increasing prices and improved profitability across the industry chain [1] - As of December 31, 2025, the top ten weighted stocks in the China Securities Rare Earth Industry Index accounted for 60.4% of the index, with companies like Northern Rare Earth and Goldwind Technology among the leaders [1] Group 3 - The rare earth ETF by Harvest (516150) closely tracks the China Securities Rare Earth Industry Index, providing a convenient tool for investors to access the domestic rare earth industry chain [2] - Investors can also leverage the Harvest Rare Earth ETF linked fund (011036) to capitalize on investment opportunities in the rare earth sector [2]

证券日报网讯1月29日，领益智造（002600）在互动平台回答投资者提问时表示，公司拟于2026年3月28 日披露2025年年度报告。 ...

Group 1 - The core viewpoint of the news highlights a significant rebound in the rare earth permanent magnet sector, with the China Securities Rare Earth Industry Index rising by 1.50% as of January 29, 2026, driven by strong performances from key stocks such as Shenghe Resources and San Chuan Wisdom [1] - The rare earth sector has shown outstanding performance within the non-ferrous metal sub-industry, with the SW Small Metals and Metal New Materials indices increasing by 8.68% and 3.61% respectively in the third week of January 2026, indicating a notable contribution from rare earth-related stocks [1] - The report from Galaxy Securities emphasizes that geopolitical tensions are heightening global supply chain security concerns, which is enhancing the strategic position of key metals, including rare earths, and reinforcing the logic of resource self-sufficiency [1] Group 2 - The recovery in rare earth prices, supported by policy backing and pre-Spring Festival inventory demand, is contributing to a restoration of market sentiment, as noted by Guotai Junan Securities [1] - The investment value of rare earths continues to be highlighted in a context of tight supply and demand, with a fundamental basis supporting the upward price trend [1] - As of December 31, 2025, the top ten weighted stocks in the China Securities Rare Earth Industry Index accounted for 60.4% of the index, with key players including Northern Rare Earth and Greeenmech [2] Group 3 - Investors can access rare earth investment opportunities through the Jiashi Rare Earth ETF (516150), which closely tracks the China Securities Rare Earth Industry Index, providing a convenient tool for exposure to the domestic rare earth industry chain [2] - Additionally, the Jiashi Rare Earth ETF linked fund (011036) offers an alternative for off-market investors to capitalize on rare earth investment opportunities [3]

Group 1 - ASML reported a record net sales of €9.7 billion for Q4 2025 and €32.7 billion for the entire year, with a net profit of €9.6 billion, all marking historical highs [1] - The company's Q4 order intake reached €13.2 billion, nearly double the analyst consensus estimate of €6.85 billion and significantly up from €5.4 billion in the previous quarter [1] - Zhezhang Securities forecasts that the global semiconductor market, driven by AI, will reach a historical high in 2025, with a continued growth of 9% to $760.7 billion in 2026 [1] Group 2 - Industrial Fulian, a leading server manufacturer, expects a net profit of ¥35.1 billion to ¥35.7 billion for the year, representing a year-on-year growth of 51%-54%, with Q4 growth projected at 56%-63% [2] - The growth is primarily driven by AI server and high-speed switch business, with AI server revenue increasing over threefold and 800G switch revenue surging 13 times year-on-year [2] - Goldman Sachs estimates that global AI server shipments will lead to AI chip demand reaching 11 million, 16 million, and 21 million units from 2025 to 2027, indicating a sustained growth cycle for AI infrastructure until 2027 [2] Group 3 - Lingyi Zhizao plans to acquire Limin Da, a comprehensive hardware solution provider focused on thermal management products for servers [3]

Core Insights - 2026 marks the beginning of the "14th Five-Year Plan," representing a significant opportunity for high-quality development in China's economy [2][7] - Listed companies are seen as the backbone of the national economy and play a crucial role in implementing national strategies and driving industrial upgrades [2][7] Company Strategy - Lingyi Technology focuses on policy-driven strategies, emphasizing "precision manufacturing as a foundation and breakthroughs in emerging sectors" [5][9] - The company is actively engaged in AI terminal fields and is accelerating breakthroughs in sectors such as new energy vehicles, robotics, computing infrastructure, and low-altitude economy [5][9] - During the "14th Five-Year Plan," Lingyi Technology aims to deepen its transformation in "lean, digital, automated, and green" practices, focusing on core technological iterations and capacity upgrades [5][9] Industry Outlook - The new phase of development is expected to provide clearer paths and broader spaces for listed companies, enhancing their roles in the new development cycle [2][7] - The company expresses a commitment to supporting industrial chain security and stability through robust manufacturing capabilities [5][9] - Lingyi Technology aims to collaborate with various sectors to create value and drive innovation in the coming year [5][9]

公司已经拿到了海外大厂meta等公司的code（供应商代码），且meta远期订单预期高达百亿。 当下，除了龙头两家企业拿到北美code之外（其余两家英维克和领益智造市值均接近千亿），公司为第三家。 鸿富瀚预期差再提示：国产液冷标的，专注冷板和电子散热，进展迅速，获得阿里及Mate冷板订单，26年预计利 润5亿，当前仅22倍PE，目前市场最便宜的液冷板标的，液冷公司中少有利润快速释放标的。 公司已经拿到了海外大厂meta等公司的code（供应商代码），且meta远期订单预期高达百亿。 当下，除了龙头两家企业拿到北美code之外（其余两家英维克和领益智造市值均接近千亿），公司为第三家。 鸿富瀚预期差再提示：国产液冷标的，专注冷板和电子散热，进展迅速，获得阿里及Mate冷板订单，26年预计利 润5亿，当前仅22倍PE，目前市场最便宜的液冷板标的，液冷公司中少有利润快速释放标的。 公司还在持续进行新的客户扩张。 公司现在液冷产能已经满产，预计3月份开始实现利润快速释放。 26年预期总体利润5亿元，27年预期10亿元。 拆解26年，液冷利润2.5-3亿元，传统业务1.5-2亿元，储能业务0.5亿元。 现在主要是多数卖方 ...

Core Insights - The article emphasizes the transformation of liquid cooling technology from a niche to a necessity in the AI computing era, driven by advancements in AI chip power consumption and the need for efficient cooling solutions [1] - It highlights the shift from reliance on foreign technology to a robust domestic industry capable of competing on a global scale, marking a significant milestone in China's manufacturing capabilities [1] Group 1: Technological Breakthroughs - The iteration of liquid cooling technology is described as a brutal elimination race, with domestic manufacturers overcoming technical barriers and moving from a follower to a competitor position [2] - Domestic companies like Readore and Envicool have achieved significant milestones by obtaining NVIDIA certification for critical components, indicating a shift in market dynamics and the potential for capturing substantial market share [3] Group 2: Comprehensive Industry Development - The article discusses the collaborative efforts across the entire liquid cooling supply chain, with domestic players filling gaps left by foreign companies, particularly in the production of cooling fluids and system components [4] - The establishment of a complete domestic liquid cooling ecosystem is highlighted, which is crucial for resisting foreign competition and ensuring self-sufficiency [4] Group 3: Market Opportunities - The current market landscape shows that cold plate liquid cooling holds a 65% market share, making it an ideal entry point for domestic manufacturers amid supportive government policies and market demand [5] - The rapid growth of the Chinese liquid cooling server market, projected to exceed $3.39 billion by 2025, provides a solid foundation for domestic companies to expand their market presence [8] Group 4: Competitive Landscape - The article notes a significant shift in the competitive landscape, with domestic manufacturers moving from being mere subcontractors to becoming key players in the global liquid cooling supply chain [6] - The entry of domestic brands into high-profile projects, such as Google's TPU solution, signifies a transition from passive participation to active competition for core market shares [7] Group 5: Future Prospects - The global liquid cooling market is expected to reach $14 billion by 2026, with a compound annual growth rate of nearly 50%, presenting a substantial opportunity for domestic manufacturers to establish themselves on the global stage [10] - The article concludes that the journey of domestic manufacturers is just beginning, with ongoing advancements in technology and the potential for expansion into new sectors, reinforcing the notion that domestic innovation is key to future success [10]

Group 1 - The A-share market opened on January 27 with all three major indices declining, with the Shanghai Composite Index down by 0.15% during the session [1] - The sectors showing gains included oil and petrochemicals, national defense and military industry, and banking, while the power equipment and pharmaceutical sectors experienced the largest declines [1] - In the consumer electronics sector, the Consumer Electronics ETF (159732.SZ) fell by 0.76%, with individual stocks like Xingchen Technology up by 5.73% and Deliang Technology up by 5.41%, while Huajin Technology and Lingyi Technology saw declines of -2.79% and -2.72% respectively [1] Group 2 - Recent reports indicate that Apple's AI glasses project has made significant progress and is expected to debut in the second quarter of 2026, featuring a magnesium alloy design without an integrated screen to enhance user experience [3] - The core functionality of Apple's AI glasses will rely on pairing with the iPhone, highlighting the importance of this hardware in the AI application landscape [3] - Galaxy Securities emphasizes the AI glasses as a crucial hardware category for AI applications and suggests monitoring investment opportunities within the AI glasses supply chain [3]