近5日机构合计调研157家公司，领益智造、博盈特焊、光庭信息等被多家机构扎堆调研。 证券时报·数据宝统计，近5个交易日（12月17日至12月23日）约157家公司被机构调研，调研机构类型 显示，证券公司共对132家公司进行调研，即84.08%的上市公司调研活动有证券公司参与；基金公司调 研89家，位列其后；阳光私募机构调研64家，排名第三。 机构调研榜单中，共有20家公司获20家以上机构扎堆调研。领益智造最受关注，参与调研的机构达到 107家；博盈特焊被82家机构调研，榜单中排名第二；光庭信息、上汽集团等分别被67家、61家机构调 研。 机构调研次数来看，冰轮环境机构调研最为密集，共获机构5次调研。博盈特焊、本钢板材等机构调研 也较为密集，分别被机构调研4次、3次。 数据宝统计，20家以上机构扎堆调研股中，近5日资金净流入的有9只，中瓷电子近5日净流入资金2.02 亿元，主力资金净流入最多；净流入资金较多的还有钧达股份、领益智造等，净流入资金分别为1.32亿 元、1.18亿元。 | 证券代码 | 证券简称 | 机构调研次数 | 机构家数 | 最新收盘价（元） | 其间涨跌幅（%） | 行业 | | --- | ...

Core Viewpoint - The consumer electronics sector is experiencing a significant increase in storage costs, which is expected to impact the pricing of various electronic devices, including smartphones, tablets, and gaming consoles. This trend is anticipated to continue into 2025 and beyond, driven by dual demand from smartphones and servers [1]. Group 1: Market Performance - As of December 24, 2025, the CSI Consumer Electronics Theme Index (931494) rose by 0.61%, with key stocks such as Beijing Junzheng (300223) increasing by 5.23% and SMIC (688981) by 3.35% [1]. - The Consumer Electronics ETF (561600) also saw a rise of 0.59%, marking its fourth consecutive increase, with the latest price reported at 1.19 yuan [1]. Group 2: Storage Cost Trends - Storage costs have risen significantly, surpassing expectations, and this increase has been passed on to end-user products [1]. - Xiaomi's Lu Weibing indicated that the memory cost surge will lead to higher smartphone prices, particularly for the upcoming Xiaomi 17 Ultra, which is expected to see a substantial price increase due to rising memory costs [1]. Group 3: Future Projections - According to Aijian Securities, a new round of price increases for storage chips is expected to begin in Q4 2025, driven by historical patterns and the current demand dynamics [1]. - The upcoming upgrades in storage capacity for iPhones in 2025 and 2026 are projected to further stimulate the global storage chip market, extending the price increase cycle into 2026 [1]. Group 4: Index Composition - The CSI Consumer Electronics Theme Index comprises 50 companies involved in component production and electronic brand design, reflecting the overall performance of the consumer electronics sector [2]. - The top ten weighted stocks in the index account for 56.39% of the total index, including companies like Luxshare Precision (002475) and BOE Technology Group (000725) [2].

12月24日早盘，A股三大指数集体上涨，上证指数盘中上涨0.10%，环保、建筑材料、电子等板块涨幅 靠前，煤炭、农林牧渔跌幅居前。消费电子走强，截至9:41，消费电子ETF（159732.SZ）上涨0.83%， 成分股顺络电子上涨4.13%，领益智造上涨3.48%，圣邦股份上涨3.13%，德赛西威上涨2.63%，纳芯微 上涨2.53%。 招商证券表示，AI PC带来的影响将在2026~2027年更为显著，建议关注受益于端侧AI落地、下游需求 景气，同时新品迭代和量产进度加速落地的企业。同时建议关注受益于高端新品持续突破、国产替代加 速的企业 消息方面，Canalys预测2025年支持AI 的PC出货量将超过1亿台，占所有PC出货量的40%，预计2028年 供应商将出货2.05亿台支持AI的PC，2024年至2028年期间的CAGR高达44%；Counterpoint预测AI PC渗 透率将从2024年的34%上升至2027年的78%。 （文章来源：每日经济新闻） ...

Group 1 - The core focus of the article is the rising importance of 6G and other future industries as a national strategy in China, as highlighted in the 2025 government work report [2] - The U.S. is actively pursuing global leadership in 6G standards, as evidenced by a memorandum from former President Trump to key government officials [3] - The year 2025 is identified as a critical point for the initiation of 6G standard research, with a growing consensus in the industry regarding the future direction of 6G standards [3] Group 2 - Several companies, including Chuangyuan Xinke and Tongyu Communication, are highlighted for their strategic investments in 6G and related technologies, indicating potential growth opportunities [4] - Notable stocks in the 6G sector have seen significant capital inflows, with 18 stocks receiving both leveraged and institutional net purchases since December [4][5] - Specific companies like China Mobile and Zhongcai Technology have reported substantial net purchases exceeding 1 billion yuan from both leveraged and institutional investors [5][6] Group 3 - The liquid cooling server market is projected to experience rapid growth, with a compound annual growth rate of 47.6% from 2023 to 2028, reaching a market size of 10.2 billion USD by 2028 [9] - Companies like Lingyi Zhizao are expanding their capabilities through strategic acquisitions, enhancing their position in the liquid cooling server supply chain [8] - The liquid cooling industry is expected to see significant commercialization by 2026, suggesting a favorable outlook for companies with technological advantages [9]

Group 1: Food and Beverage Industry - The EU's anti-subsidy measures on dairy products have been implemented, which is expected to accelerate the domestic substitution in deep processing of dairy products. The measures include temporary anti-subsidy deposits on EU dairy imports starting December 23, 2025 [3] - From 2020 to March 2024, EU dairy product imports accounted for 23.6% to 34.6% of China's total dairy imports. The imposition of anti-subsidy taxes is likely to drive the deep processing business to shift domestically [3] - Domestic dairy companies such as Miao Ke Lan Duo, Yili, Mengniu, and Li Gao are focusing on deep processing, with current domestic milk prices being lower than overseas prices, which may further accelerate domestic substitution [3] - The deep processing sector is expected to enhance the consumption of raw milk, thereby improving the supply-demand dynamics in the upstream raw milk industry [3] Group 2: Electronics Industry - Lingyi Technology (002600.SZ) plans to acquire a 35% stake in Limin Da for 875 million RMB, gaining control over 52.78% of voting rights. This acquisition will integrate Limin Da into the company's consolidated financial statements [5] - Limin Da specializes in thermal management solutions for enterprise-level servers, providing key hardware products such as liquid cooling connectors and modules. The company has established a strong customer base, including leading clients in the overseas computing industry [5] - For the first nine months of 2025, Limin Da reported revenues of 486 million RMB and a net profit of 21 million RMB, showing significant improvement in profitability compared to the previous year [5] - The acquisition is expected to enhance the company's capabilities in the server liquid cooling business, reduce development costs, and improve product validation cycles, thereby expanding the scale and profitability of the AI hardware server segment [5]

长江商报消息 ●长江商报记者 沈右荣 收购资产，"果链"龙头企业领益智造（002600.SZ）再出手。 12月22日晚，领益智造官宣，拟出资8.75亿元收购东莞市立敏达电子科技有限公司（以下简称"立敏达"或"目标公 司"）35%股权。 本次收购存在高溢价。截至2025年9月末，立敏达净资产仅为7127.02万元，而其估值高达25.10亿元，溢价率逾34 倍。 领益智造表示，本次交易有助于公司快速获得境内外特定客户服务器液冷散热业务的技术储备与客户认证资质， 可与公司现有服务器业务形成战略协同效应。 2025年初以来，AI算力服务器液冷概念火爆。通过本次交易，领益智造也将顺利切入这一赛道。 除了深耕AI终端，领益智造还布局有汽车及低空经济产业，且已经形成了一定规模。近期，公司还收购了江苏科 达，加码汽车产业布局。 领益智造具备较强盈利能力。2025年前三季度，公司盈利超19亿元。2019年以来，公司年度归母净利润均超过10 亿元。 领益智造正在冲击港股市场，加码全球化。2025年上半年，公司境外收入占比约74%。 目标公司立敏达成立于2009年6月16日，注册资本1336.96万元。截至2025年9月30日，立 ...

Core Viewpoint - Lingyi iTech's acquisition of a 35% stake in Dongguan Liminda Electronic Technology Co., Ltd. at a significant premium of over 34 times the assessed value highlights the company's strategic focus on the thermal management sector, particularly in relation to high-profile clients like NVIDIA and Intel [1][3]. Group 1: Acquisition Details - Lingyi iTech plans to acquire a 35% stake in Liminda for 875 million yuan, gaining control over 52.78% of voting rights through a voting rights entrustment agreement [1]. - The acquisition will allow Liminda to be included in Lingyi iTech's consolidated financial statements [1]. Group 2: Valuation and Financial Metrics - Liminda's audited equity as of September 30, 2025, was only 71.27 million yuan, while the assessed value of its total equity reached 2.51 billion yuan, reflecting a staggering increase of 3421.81% [3]. - Despite a rapid revenue increase, Liminda's cash flow from operating activities remains negative, worsening from -12.95 million yuan last year to -55.20 million yuan in the first three quarters of this year [6]. Group 3: Market Position and Clientele - Liminda specializes in thermal management products, including liquid cooling connectors and manifolds, and is recognized as a liquid cooling supplier for NVIDIA [3][5]. - The company has established partnerships with major clients such as Intel, NVIDIA, BYD, and Foxconn, enhancing its market credibility [3][5]. Group 4: Strategic Implications for Lingyi iTech - The acquisition aligns with Lingyi iTech's strategy to focus on core businesses and expand upstream into server cooling and robotics [9]. - Lingyi iTech's thermal management business contributed 9.29% of its revenue in 2024, amounting to 4.11 billion yuan, with a year-on-year growth of 9.2% [9][10]. - The global data center thermal management market is projected to grow from 16.56 billion USD in 2024 to 34.51 billion USD by 2029, with a CAGR of 15.82% [9].

领益智造（002600）最新股价为15.52元，较前一交易日收盘价下跌0.43元，跌幅为2.70%，总市值 1133.90亿元。从行业市盈率来看，领益智造所处的消费电子行业滚动市盈率平均48.15倍，行业中值 50.30倍，领益智造49.63倍排名第38位。 2025年12月23日，领益智造披露接待调研公告，公司于12月22日接待睿远基金管理有限公司、光大证 券、华泰证券、恒大人寿保险有限公司、申银万国证券股份有限公司、太平洋资产管理有限责任公司等 107家机构调研。 参与此次调研的睿远基金是一家以价值投资、研究驱动和长期投资风格为主的长期价值投资机构，聚焦 于权益投资和固定收益投资领域。截至目前，管理基金数量5只，其中睿远成长价值混合A最新单位净 值为1.9808，近一年增长65.73%。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 调研情况显示，领益智造收购立敏达主要是为了获得服务器热管理领域的核心技术和客户资源。立敏达 在企业级服务器热管理领域具备深厚的核心技术积累，主营业务包括服务器液冷快拆连 ...

12月22日基金调研公司一览 从基金调研公司的A股总市值统计，总市值在500亿元以上的共有1家，其中总市值超千亿元的有领益智 造等，总市值不足100亿元的有4家，分别是美瑞新材、博盈特焊、莱宝高科等。 市场表现上，基金调研股中，近5日全部上涨，涨幅居前的有钧达股份、万向钱潮、中泰股份等，分别 上涨13.16%、5.57%、4.69%。 数据宝统计，基金参与调研股中，近5日资金净流入的有4只，钧达股份近5日净流入资金1.32亿元，主 力资金净流入最多；净流入资金较多的还有领益智造、万向钱潮等，净流入资金分别为1.18亿元、1.13 亿元。（数据宝） 昨日基金共对7家公司进行调研，扎堆调研领益智造、钧达股份等。 证券时报·数据宝统计，12月22日共13家公司被机构调研，按调研机构类型看，基金参与7家公司的调研 活动。领益智造最受关注，参与调研的基金达33家；钧达股份、万向钱潮等分别获4家、3家基金集体调 研。 基金参与调研的公司中，按所属板块统计，深市主板公司有4家，创业板公司有3家。 | 代码 | 简称 | 基金家数 | 最新收盘价（元） | 近5日涨跌幅（%） | 行业 | | --- | --- | --- ...

6G等未来产业备受关注。 十倍潜力股浮现 除了英维克外，同样"实锤"为英伟达液冷服务器概念的个股还有领益智造等。12月22日晚间，领益智造 发布关于公司签订《股权转让协议》的公告。公告显示，领益智造将以8.75亿元取得对东莞市立敏达电 子科技有限公司(以下简称"立敏达")的控制权。 公开资料显示，立敏达为英伟达AVL/RVL认证供应商，提供液冷板(Liquid Cooling Plate)及内部液冷歧 管(Inner Manifold)、快接头(UQD/MQD)、液冷歧管(Manifold)等。今年8月，立敏达加入由英特尔牵头 的通用快接头互插互换联盟，与其他品牌的产品实现"互插互换"，为数据中心客户提供了更大的灵活性 和选择空间。 公司收购公告称，与立敏达签订协议将有助于公司快速获得境内外特定客户服务器液冷散热业务的技术 储备与客户认证资质，并降低服务器电源相关产品的开发成本和产品验证周期。立敏达可与公司现有服 务器业务形成战略协同效应，有助于进一步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。 此前，领益智造曾在深交所互动易回复称，公司已成功晋升为AMD核心供应商，也是谷 ...