广东领益智造股份有限公司 | 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-167 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 关于"领益转债"摘牌的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、"领益转债"赎回日：2025 年 10 月 15 日 2、"领益转债"摘牌日：2025 年 10 月 23 日 3、"领益转债"摘牌原因：存续期内可转债全部赎回 一、"领益转债"基本情况 （一）可转债发行情况 经中国证券监督管理委员会出具的《关于同意广东领益智造股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可〔2024〕1452 号）核准， 并经深圳证券交易所（以下简称"深交所"）同意，广东领益智造股份有限公司 （以下简称"公司"）向不特定对象发行可转换公司债券（以下简称"可转债"） 21,374,181 张，每张面值为人民币 100 元，募集资金总额不超过人民币 213,741.81 万元（含本数）。 （二）可转债上市情况 经深交所同意，2 ...

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-166 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 关于"领益转债"赎回结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、"领益转债"基本情况 （一）可转债发行情况 经中国证券监督管理委员会出具的《关于同意广东领益智造股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可〔2024〕1452 号）核准， 并经深圳证券交易所（以下简称"深交所"）同意，广东领益智造股份有限公司 （以下简称"公司"）向不特定对象发行可转换公司债券（以下简称"可转债"） 21,374,181 张，每张面值为人民币 100 元，募集资金总额不超过人民币 213,741.81 万元（含本数）。 （二）可转债上市情况 经深交所同意，2024 年 12 月 6 日起公司 213,741.81 万元可转债在深交所挂 牌交易，债券简称"领益转债"，债券代码"127107"。 （三）可转债转股期限 根据相关法律法 ...

Core Viewpoint - The article discusses the significant turnaround of Lingyi Zhizao (领益智造) from past financial troubles to projected strong growth, alongside plans for an H-share issuance to enhance its international strategy and competitiveness [3][9]. Group 1: Financial Performance - For the first three quarters of 2025, Lingyi Zhizao expects a net profit attributable to shareholders of 1.89-2.12 billion, representing a year-on-year growth of 34.1%-50.4% [5][6]. - The net profit after deducting stock incentive expenses is projected to be 2.13-2.36 billion, with a growth of 48.62%-64.67% compared to the previous year [6]. - The net profit after excluding non-recurring gains and losses is anticipated to be 1.46-1.69 billion, reflecting a growth of 23.04%-42.42% year-on-year [6]. Group 2: Strategic Developments - Lingyi Zhizao announced plans to issue H-shares and list on the Hong Kong Stock Exchange by the end of September, aiming to further implement its international strategy and enhance its overseas business layout [7][9]. - The company seeks to broaden its merger and financing channels, increase international visibility, and improve overall competitiveness through this strategic move [7].

Core Insights - The A-share market is currently in the peak period of disclosing third-quarter reports, with 360 companies having released their performance data, showing strong operational resilience as over 70% of the companies reported profit growth year-on-year [1] Industry Performance - The electronic and chemical industries are leading in performance growth, with 32 companies in the electronic sector being the most prominent, benefiting from the rapid iteration of artificial intelligence technology and expanding application scenarios [3] - Key players in the electronic sector, such as Cambricon Technologies, reported a net profit of 1.605 billion yuan, marking a successful turnaround, while Haiguang Information saw a 28.56% year-on-year increase in net profit to 1.961 billion yuan [3] - The basic chemical industry also showed strong performance with 30 companies reporting profit growth, driven by product price increases and new capacity production [3] Historical Performance - Among the companies reporting growth, 85 achieved record high net profits for the first three quarters, indicating exceptional growth potential [4] - Notably, seven companies among these have reached a market capitalization of over 100 billion yuan, with China Life leading at 916.027 billion yuan and an estimated net profit growth of 50% to 70% year-on-year [4] Stock Market Reaction - The impressive earnings have led to a corresponding rise in stock prices, with 17 of the 85 companies reaching historical stock price highs in the past month [5] - Overall, the A-share third-quarter reports have started positively, with over 70% of companies delivering optimistic results, particularly in the electronic and chemical sectors, leading to a beneficial resonance between performance and stock prices [5]

Core Insights - The China Rare Earth Industry Index has decreased by 1.58% as of October 22, 2025, with mixed performance among constituent stocks, led by Shengxin Lithium Energy with a rise of 1.81% [1] - The recent tightening of rare earth export controls by the Ministry of Commerce is expected to strengthen China's strategic position in the rare earth market, potentially leading to increased prices [3] Group 1: Market Performance - The rare earth ETF, Jiashi, has seen a turnover of 1.52% and a transaction volume of 1.61 billion yuan, with its latest scale reaching 10.875 billion yuan, marking a new high since its inception [2] - Over the past week, Jiashi's shares increased by 5.76 million, leading the comparable funds in terms of new share growth [2] - In the last five trading days, Jiashi has experienced net inflows on four occasions, totaling 2.251 billion yuan [2] Group 2: Fund Performance - As of October 21, 2025, Jiashi's net value has increased by 91.40% over the past two years, ranking 79th out of 2,358 index equity funds, placing it in the top 3.35% [2] - The highest monthly return since inception for Jiashi was 41.25%, with the longest consecutive monthly gain being four months and a maximum increase of 83.89% [2] Group 3: Industry Dynamics - The recent policy changes include increased export controls on five categories of medium and heavy rare earths, as well as restrictions on equipment, technology, and raw materials across the entire industry chain [3] - These measures are expected to complicate the establishment of independent rare earth supply chains overseas, thereby enhancing China's competitive advantage in the long term [3] - The limitations on overseas supply of rare earth magnetic materials are anticipated to boost demand for high-performance ferrite permanent magnets, leading to a significant increase in orders [3] Group 4: Key Stocks - The top ten weighted stocks in the China Rare Earth Industry Index account for 61.96% of the index, with notable performers including Northern Rare Earth and China Rare Earth, which saw declines of 2.69% and 1.81% respectively [2][5]

在业绩创历史新高的同时，部分公司股价也在同步走强。数据宝统计，上述85家公司中，近一个月内盘 中股价创历史新高的有17家，包括思源电气、扬杰科技、瀚蓝环境、神马电力、山东黄金等均于10月份 创下历史高点。思源电气10月21日收盘上涨7.32%，当天创下历史新高。该公司今年前三季度实现净利 润21.91亿元，同比增长46.94%。 如人工智能龙头寒武纪-U，今年前三季度公司实现净利润16.05亿元，同比扭亏为盈，这是其历史同期 首次盈利。另一只与算力芯片相关的海光信息，今年前三季度实现净利润19.61亿元，同比增长 28.56%；报告期内，该公司加速客户端导入，推动高端处理器产品的市场版图扩展，实现了公司营业 收入的显著增长。此外，电子领域龙头公司如立讯精密、领益智造、瑞芯微、长川科技、思特威、扬杰 科技等业绩均取得大幅增长。 基础化工行业有30家公司入围，这些公司或受益于化工产品涨价，或受益于新产能投产、新业务的拓展 等。如锂矿龙头盐湖股份，公司预计今年前三季度净利润为43亿元至47亿元，同比增长36.89%至 49.62%；报告期内，公司主要产品氯化钾价格上升，带动该业务板块盈利增长。同样受益于氯化钾涨 价 ...

与历史对比来看，数据宝统计，上述业绩增长的公司中，剔除上市不满三年的公司，今年前三季度净利 润创同期历史新高的有85家。 截至10月21日收盘，这85家公司中，有7家公司A股市值超千亿元，分别是中国人寿、立讯精密、中国 船舶、中科曙光、新华保险、山东黄金、小商品城。中国人寿是其中市值最高的公司，最新A股市值达 9160.27亿元，公司预计今年前三季度净利润约1567.85亿元至1776.89亿元，同比增长约50%至70%。 在业绩创历史新高的同时，部分公司股价也在同步走强。数据宝统计，上述85家公司中，近一个月内盘 中股价创历史新高的有17家，包括思源电气、扬杰科技、瀚蓝环境、神马电力、山东黄金等均于10月份 创下历史高点。思源电气10月21日收盘上涨7.32%，当天创下历史新高。该公司今年前三季度实现净利 润21.91亿元，同比增长46.94%。 （文章来源：证券时报） 当前正值A股三季报密集披露阶段，一批业绩高增长公司受到投资者普遍关注。据证券时报·数据宝统 计，截至目前，共有360家上市公司已披露三季报业绩数据。按照三季报、业绩快报、预告净利润下限 （无下限则取公告数值）计算，合计有254家公司前三季度 ...

Core Viewpoint - The adoption of targeted convertible bonds for mergers and acquisitions (M&A) is gaining popularity among listed companies due to their dual characteristics of equity and debt, providing flexibility and reducing financial pressure compared to traditional cash payments [1][3]. Group 1: Adoption of Targeted Convertible Bonds - Since the introduction of targeted convertible bonds for restructuring projects, 16 A-share listed companies have announced plans to use this method for M&A, alongside issuing shares and cash payments [1][2]. - Companies like Changhong High-Tech and Huahai Chengke are actively pursuing M&A using targeted convertible bonds, indicating a trend among tech firms [2][4]. - Targeted convertible bonds allow companies to issue bonds that can be converted into shares under certain conditions, providing a flexible payment structure for M&A transactions [2][3]. Group 2: Benefits for Technology Companies - Over 60% of the companies utilizing targeted convertible bonds for asset purchases are from the Sci-Tech Innovation Board and the Growth Enterprise Market, primarily targeting technology firms [4][5]. - The characteristics of technology companies, such as being asset-light and having high R&D investments, make targeted convertible bonds a suitable financing option, allowing for differentiated pricing and supporting valuation stability [5][6]. - The mechanism of targeted convertible bonds provides capital support flexibility for tech firms while allowing investors to mitigate risks and share in future growth [5][6]. Group 3: Enhancing M&A Efficiency - The use of targeted convertible bonds, along with other innovative tools, has significantly improved the efficiency of M&A transactions, reducing costs and risks associated with traditional methods [6]. - The flexible design and lower financing costs of targeted convertible bonds enhance market activity and promote resource integration and industrial collaboration [6]. - However, complexities in the terms of targeted convertible bonds may introduce challenges in understanding and negotiation, alongside potential credit and market valuation risks [6].

Core Insights - The global smart glasses market is projected to reach 4.065 million units in the first half of 2025, marking a year-on-year growth of 64.2% [1] - By 2029, the market is expected to exceed 40 million units, with China's market share steadily increasing and a compound annual growth rate (CAGR) of 55.6% from 2024 to 2029, the highest globally [1] Market Dynamics - The smart glasses market is categorized into audio glasses, camera glasses, and AR glasses, all of which saw sales increases in the first half of this year, with China's total retail sales reaching 468,000 units, a 148% year-on-year increase [2] - The rapid sales growth is attributed to continuous product innovation and significant demand expansion, particularly among young consumers who favor tech products [2] - Major companies like Meta are launching new products, enhancing the feasibility of consumer-grade smart glasses and pushing them into mainstream markets [2] Company Activities - Numerous companies are actively entering the smart glasses industry, with over 25 new products launched from January to August this year [3] - Companies such as Thunder Innovation, Liweike Technology, Rokid, Goertek, and others are introducing smart glasses products or solutions, indicating a competitive landscape [3] - The industry is entering a phase of intensive new product releases, with expectations of increased benefits for related listed companies as competition intensifies [3] Supply Chain Developments - Shenzhen Baiwei Storage Technology has become a core supplier for major global wearable tech clients, including Meta, Google, and Xiaomi, providing ROM and RAM chips for AI/AR glasses and smartwatches [4] - Guangdong Lingyi Technology focuses on the R&D and manufacturing of core components for wearable devices, continuously expanding in the AI glasses and smart wearable sectors [4]

智能眼镜有望成为人工智能落地新载体，备受各大厂商和消费者关注。《证券日报》记者了解到，近期 多家上市公司积极布局智能眼镜产业，其中部分公司已步入收获期。 市场空间广阔 根据洛图科技发布的报告，智能眼镜可分为音频眼镜、可拍摄眼镜和AR眼镜三大类。今年上半年，三 类细分产品销量悉数上涨，中国智能眼镜市场的全渠道零售量为46.8万台，同比增长148%。 本报记者 李雯珊 见习记者 张美娜 国际数据公司IDC近日发布的数据显示，2025上半年，全球智能眼镜市场出货量达406.5万台，同比增长 64.2%。 IDC预计，到2029年全球智能眼镜市场出货量将突破4000万台，其中，中国市场份额将稳步提升，预计 五年复合增长率（2024年至2029年）将达到55.6%，增速位居全球首位。 多家公司积极布局 多家产业链上市公司正积极布局智能眼镜产业，抢占市场机遇。据不完全统计，今年1月份至8月份智能 眼镜新品超25款。 在传统XR（扩展现实）智能硬件厂商方面，雷鸟创新技术（深圳）有限公司（以下简称"雷鸟创 新"）、安徽李未可科技有限公司、杭州灵伴科技有限公司（Rokid）、歌尔股份有限公司、四川影目科 技有限公司（以下简称" ...