如果说新能源汽车产业发展的上半程是电动化，那下半程将是智能化的应用场景普及，电动化大量提升 了整车中的电子元件和模组模块的应用数量，而智能驾驶对于感知层、决策层和执行层的模块(雷达、 摄像头、域控制器等模块)提出了新需求，这将带动公司相关产品需求快速提升，支撑公司车规业务线 的第二增长极。 格隆汇1月26日丨顺络电子(002138.SZ)近日接受特定对象调研时表示，汽车电子业务是公司战略发展的 重要业务领域之一。通过不断深入探索产品组合，公司汽车电子产品已实现三电系统等电动化场景全面 覆盖，并延伸至智能驾驶、智能座舱等全方位智能化应用场景覆盖。 ...

人民财讯1月26日电，顺络电子（002138）近日接受机构调研时表示，公司通过与臻泰能源深度合作进 入固体氧化物电池(SOC，包括SOFC与SOEC等)及相关行业领域，公司通过合资子公司专注于新型高温 燃料电池核心技术研发及产品的的研发、生产和销售。公司对新型能源产业长期看好，清洁能源的推广 使用是"双碳"战略的必由之路，公司关注新型能源产业的持续发展，并从自身优势出发，为国内固体氧 化物电池产业长远发展贡献力量。目前行业还处于早期阶段，下游应用多以示范工程的形式开展，目前 公司业务进展顺利，未来有望逐步贡献销售收入。 ...

证券代码：002138 证券简称：顺络电子 1 | 回答： | | --- | | 公司基于对材料、设备、设计、制造工艺的能力，把握 | | 住产业机会，为各类AI服务器类客户提供一站式元器件解决 | | 方案。 | | 客户已覆盖国内头部服务器厂商及各头部功率半导体 | | 模块厂商，公司AI服务器相关的订单饱满，相关业务将继续 | | 保持快速增长。 | | 3、请问公司IOT类产品的拓展情况如何？ | | 回答： | | 物联网（IOT）、能源市场（SOFC、新能源汽车电子、 | | 光伏、储能应用）及数据中心等新兴领域，是公司未来持续 | | 发展的基础，也是目前公司聚焦的业务，公司在新兴市场应 | | 用领域的推广力度正逐步加大，目前进展顺利，产品推广及 | | 市场推进持续进行中。公司在IoT业务上有着较快的发展速 | | 度，目前客户情况拓展顺利。 | | 4、请问公司产品价格有什么变化？ | | 回答： | | 公司产品属于电子元器件，成立以来一直专注于主业发 | | 展，目前公司电感产品技术水平与全球知名电子元器件厂商 | | 技术水平比肩，产品拥有核心竞争力，且公司拥有全球领先 | | 的 ...

Core Viewpoint - The passive component industry is experiencing price increases due to rising raw material costs, with major companies like Huaxinke and Guoju announcing price adjustments for their products [1][2][14]. Price Increases - Huaxinke announced a price adjustment for resistors ranging from sizes 0201 to 1206, effective February 1, with expected increases around 20% [1][14]. - Guoju has also issued a price increase notice for certain resistor products, with adjustments between 15% and 20% [1][14]. - Panasonic plans to raise prices for some tantalum capacitors by 15% to 30% starting February 1, 2026 [1][14]. - The price hikes are attributed to the rising costs of core metal materials such as silver, palladium, tin, and copper, which have intensified cost pressures [2][14]. Market Dynamics - The demand for passive components is being driven by the rapid development of AI technologies, which is significantly increasing the usage of MLCCs (multi-layer ceramic capacitors) in AI server motherboards, with usage rising to 3000-4000 units, over 100% more than traditional servers [2][14]. - The structural changes in demand are leading to increased prices for MLCC products and exacerbating supply-demand conflicts in the industry [2][14]. Market Size and Growth - The passive component market in China was valued at 123.765 billion yuan in 2023, with projections to reach 258.359 billion yuan by 2030, reflecting a compound annual growth rate (CAGR) of 11.09% from 2023 to 2030 [3][15]. Stock Performance - Over 20 listed companies in the passive component sector have shown positive stock performance, with leading company Fenghua Gaoke's stock price increasing over 26% this year [4][17]. - Other companies like Guoci Materials and Dali Kaipu have also seen stock price increases exceeding 15% [4][17]. Profit Growth - Many companies reported significant year-on-year profit growth in their Q3 2025 reports, with Shangle Electronics doubling its net profit with an increase of over 160% [5][18]. - Other companies such as Hongyuan Electronics and Canqin Technology reported profit increases exceeding 70% [5][18]. Institutional Predictions - Among 10 concept stocks rated by four or more institutions, Torch Electronics is predicted to have a net profit of around 500 million yuan in 2025, with an expected growth rate of over 157% [7][20]. - Hongyuan Electronics is forecasted to achieve a net profit of approximately 339 million yuan in 2025, with a growth rate exceeding 120% [7][20]. Institutional Research - In January 2026, Junwei Electronics was investigated by 11 institutions, revealing progress in its current sensor business, which is being integrated into projects with major clients in the new energy vehicle and AI server sectors [10][21]. - Sunluo Electronics was also investigated by three institutions, indicating strong market acceptance and ongoing progress in supplying various tantalum capacitor products [11][22].

Investment Rating - The report maintains a "Hold" rating for the CPU industry, indicating a cautious outlook on the sector's performance relative to the benchmark index [8]. Core Insights - The CPU's importance is expected to significantly increase due to advancements in AI and the emergence of new computational scenarios, which demand higher processing speeds and precision [13]. - DeepSeek's recent developments in AI model architecture highlight the potential for CPUs to handle large-scale models more efficiently, reducing reliance on expensive GPU memory [5][6]. - The ongoing shortage of CPU supply, particularly from leading manufacturers like Intel, is projected to peak in the first quarter of 2026, driven by demand exceeding supply [6][7]. Summary by Sections CPU Demand and Supply Dynamics - The demand for CPUs is anticipated to rise due to the increasing need for processing power in AI applications, with Intel indicating that the shortage may persist as they do not plan to expand production capacity [6][7]. - The report notes that the design of systems that decouple storage and computation can lead to significant efficiency gains, allowing for larger model parameters to be stored in cost-effective CPU memory [5][6]. AI Agent Trends - The report discusses the expected growth in the number of active AI agents, predicting an increase from approximately 28.6 million in 2025 to 2.216 billion by 2030, which will drive CPU demand [12]. - The annual execution of tasks by these agents is projected to rise dramatically, necessitating a substantial increase in CPU supply to meet the demands of AI workloads [12]. Investment Recommendations - The report suggests focusing on several key areas within the CPU ecosystem, including CPU chip manufacturers, advanced wafer fabrication, and related solutions, highlighting companies such as Haiguang Information and SMIC [13].

董秘，你好。 公司作为中国电子元器件行业的领军企业，在被动元器件领域稳居国内第一、全球前三 的市场地位。但是为什么公司市值居然没有500亿往上的市值呢？做为一名公司的投资者个人觉得目前 公司的市值是被严重低估的，请问公司有什么方案维护市值和管理？近期会不会回购股份？ 董秘回答(顺络电子SZ002138)： 投资者提问： 尊敬的投资者，您好！ 公司管理层一直努力经营公司业务，不断提升内在价值，力争为股东实现价值 最大化，近年来，公司持续实施回购，坚持每年度分红，同时结合公司实际经营情况增加分红比例，持 续回报广大股东。关于回购方案的相关信息，请您关注公司相关公告信息。 感谢您的关注与支持！查 看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

证券日报网讯 1月20日，顺络电子发布公告称，公司于近日接到公司董事长袁金钰先生通知，获悉袁金 钰先生将持有本公司部分股份办理了质押业务，本次质押数量为2，050，000股。 （文章来源：证券日报） ...

股票代码：002138 股票简称：顺络电子 编号：2026-009 注：上述持股比例按四舍五入处理，可能导致部分合计数与各分项之和存在尾数不符的情况。 深圳顺络电子股份有限公司 关于董事长部分股份质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳顺络电子股份有限公司（以下简称"公司"）于近日接到公司董事长袁金 钰先生通知，获悉袁金钰先生将持有本公司部分股份办理了质押业务，现将有关 事项公告如下： | | 是否为控股 | | 占其所 | 占公司 | 是否为限售 | 是否 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 称 | 股东或第一 | 本次质押 | 持股份 | 总股本 | 股（如是， | 为补 | 质押起始 日 | | 质押到期日 | | 质权人 | 质押用途 | | | 大股东及其 | 数量（股） | 比例 | 比例 | 注明限售类 | 充质 | | | | | | | | | 一致行动人 ...

Core Insights - The strategic value of magnetic beads, essential for absorbing high-frequency noise and suppressing electromagnetic interference (EMI), is increasingly recognized in China's electronic information industry, with the market size projected to reach approximately 3.45 billion yuan in 2024, reflecting a year-on-year growth of 5.50% [1][8]. Industry Overview - Magnetic bead inductors are passive components designed to suppress high-frequency noise and EMI, operating based on hysteresis and eddy current losses in ferrite materials, converting high-frequency signal energy into heat rather than reflecting or storing it [3]. - The key applications include signal/power line filtering, RF circuits, and ultra-high-frequency memory circuits, particularly excelling in frequencies above 100 MHz [3]. Market Size - The market for magnetic bead inductors in China is expected to grow significantly, driven by the large-scale deployment of 5G infrastructure, rapid growth in new energy vehicle sales, and the penetration of IoT terminals in both consumer and industrial sectors [1][8]. Key Companies - Leading companies in the magnetic bead inductor industry include: - **Shunluo Electronics**: A leader in the industry, known for its micro magnetic beads and strong presence in high-end applications like AI servers and 5G communications [9][11]. - **Fenghua Advanced Technology**: Maintains a leading position in the general magnetic bead market, focusing on cost-effective products and continuous innovation [9][13]. - **Majie Technology**: Specializes in RF patch magnetic beads and has a strong competitive edge in communication and consumer electronics [9]. Industry Development Trends 1. **Technological Innovation**: The industry is moving towards "high frequency, miniaturization, and integration" to meet the demands of 5G and AI technologies, with a focus on developing high-performance low-loss soft magnetic materials [14]. 2. **Market Demand Shift**: The growth drivers are shifting from consumer electronics to high-end strategic markets, particularly in new energy vehicles and AI infrastructure, which require high reliability and low-loss performance [14]. 3. **Evolving Industry Ecosystem**: Competition is transitioning from product-based to collaborative supply chain competition, with leading companies focusing on vertical integration and collaboration with upstream material suppliers to enhance product performance and stability [15].

Core Viewpoint - The company, Shunluo Electronics, is actively involved in the application of its products in AI glasses, indicating a strong market presence and potential for growth in the consumer electronics sector driven by AI advancements [2] Group 1: Company Products and Applications - Shunluo Electronics' products, including various inductors, LTCC, and antennas, are widely used in AI glasses [2] - The company has established a supply relationship with leading clients in the relevant fields, ensuring continuous product supply [2] Group 2: Market Trends and Implications - The rapid development of AI and related applications is expected to increase the demand for consumer electronics with AI functionalities, leading to higher computational and integration needs [2] - The growing demand for superior performance components will directly boost the company's related business operations [2]