| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交全额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | | 2026-01-23 | 301601 | 惠通科技 | 29.03 | 68.00 | 1,974.0 东方证券股份有限 | | 机构专用 | | | | | | | 公司上海嘉定区金 | | | | | | | | | | 沙路证券营业部 | | 1月23日，惠通科技大宗交易成交68万股，成交额1974.04万元，占当日总成交额的20.69%，成交价29.03元，较市场收盘价 29.62元折价1.99%。 ...

Group 1 - The core point of the article highlights that Huitong Technology experienced a decline of 3.83% on January 21, closing at 29.62 yuan, with a significant block trade occurring [1] - A total of 430,000 shares were traded in the block transaction, amounting to 12.5474 million yuan, with a transaction price of 29.18 yuan per share, reflecting a premium rate of -1.49% [1] - Over the past three months, the stock has seen two block trades with a cumulative transaction value of 32.1644 million yuan, while in the last five trading days, the stock has increased by 2.46% despite a net outflow of 19.9325 million yuan from major funds [1]

1月21日，惠通科技大宗交易成交43万股，成交额1254.74万元，占当日总成交额的8.25%，成交价29.18元，较市场收盘价 29.62元折价1.49%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交金额 买方营业部 (万元) | | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | | 2026-01-21 | 301601 | 惠通科技 | 29.18 | 43.00 | 1,254.7 陈方证券股份有限 | | 机构专用 | | | | | | | | 公司上海嘉定区金 | | | | | | | | | 沙路证券营业部 | | ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交全额 买方营业部 (万元) | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | 2026-01-20 | 301601 | 惠通科技 | 30.18 | 65.00 | 1,961.7 东方证券股份有限 | 机构专用 | | | | | | | 公司上海嘉定区金 | | | | | | | | 沙路证券营业部 | | 1月20日，惠通科技大宗交易成交65万股，成交额1961.7万元，占当日总成交额的9.17%，成交价30.18元，较市场收盘价30.8 元折价2.01%。 ...

Group 1 - The epoxy propylene concept increased by 5.78%, ranking first among concept sectors, with 21 stocks rising, including Meibang Technology with a 30% limit up, and China Chemical, Hongqiang Co., and Weiyuan Co. also hitting the limit up [1][2] - The leading gainers in the epoxy propylene sector included Yida Co. with an 11.96% increase, Huitong Technology with a 7.84% rise, and Yinuowei with a 7.64% increase [1][2] - The stocks with the largest declines included Shida Shenghua, Guoen Co., and Yonghe Co., which fell by 3.52%, 2.04%, and 0.39% respectively [1] Group 2 - The epoxy propylene sector saw a net inflow of 1.05 billion yuan, with 15 stocks receiving net inflows, and 6 stocks attracting over 50 million yuan in net inflows [2] - The top stock for net inflow was Hongbaoli, with a net inflow of 338 million yuan, followed by China Chemical with 262 million yuan, and Wanhua Chemical with 174 million yuan [2] - The net inflow ratios for leading stocks were Hongbaoli at 46.60%, Hongqiang Co. at 42.22%, and Weiyuan Co. at 17.98% [3]

Core Insights - Yida Capital achieved 11 IPOs in 2025, marking a significant milestone for the year and demonstrating the rewards of long-term investment strategies [1][3][4] - The firm distributed over 6 billion yuan to investors through diverse exit strategies, emphasizing its commitment to not only invest well but also ensure successful exits [1][12] - Over its 12-year journey, Yida Capital has managed over 120 billion yuan and supported over 1,000 small and medium-sized tech enterprises, focusing on identifying the 5% of variables that can change the world [1][4][14] Investment Performance - In 2025, Yida Capital's portfolio included 11 IPOs, with notable companies such as Jingchuang Electric, which saw a first-day increase of over 330% [3][6] - The firm participated in 10 out of 111 new stocks listed on A-shares this year, representing nearly 10% of the total [3][4] - The IPOs included companies like Xian Yicai, which reached a market value exceeding 160 billion yuan on its first day [7][8] Investment Strategy - Yida Capital's investment strategy is characterized by "industry deep cultivation" and "regional deep cultivation," focusing on high-tech companies with significant barriers to entry [14][16] - The firm has established a strong presence in Jiangsu and expanded its reach to key cities along the Yangtze River and coastal areas, creating a network of local teams and funds [18][19] - The firm emphasizes the importance of investing in people, recognizing that the essence of investment lies in supporting entrepreneurs and innovative leaders [10][21] Future Outlook - Yida Capital identifies three major investment opportunities: technological self-reliance, AI-driven industrial transformation, and mergers and acquisitions in a stock economy [22] - The firm aims to focus on hard technology while also exploring cutting-edge fields such as quantum computing and controlled nuclear fusion [22][23] - The investment philosophy is to seek out and heavily invest in the 5% of innovations that can lead to significant changes in the world [23][24]

Group 1 - The State Council Information Office will hold a press conference on January 15 to discuss the effectiveness of monetary and financial policies in supporting the high-quality development of the real economy [1] - The Ministry of Commerce will also hold a press conference on January 15 to introduce recent key work in the business sector [2] Group 2 - The People's Bank of China will conduct a 900 billion yuan reverse repurchase operation on January 15 to maintain ample liquidity in the banking system, with a term of 6 months (181 days) [3] Group 3 - On January 15, a total of 9 companies will have their restricted shares unlocked, with a total unlock volume of 304 million shares, amounting to a market value of 15.476 billion yuan [4] - The companies with the largest unlock volumes include Hanma Technology, Zhongke Lanyun, and Huitong Technology, with unlock shares of 140 million, 76.2838 million, and 52.872 million respectively [4] - The companies with the highest unlock market values are Zhongke Lanyun, Huitong Technology, and Sikan Technology, with values of 10.97 billion, 1.529 billion, and 1.344 billion yuan respectively [4] Group 4 - On January 15, 11 companies disclosed progress on stock repurchases, with one company’s repurchase plan approved by the shareholders' meeting and nine companies completing their repurchase plans [5] - Yuheng Pharmaceutical has the highest proposed repurchase amount of up to 2.7 million yuan, while Kaifa Electric has completed a repurchase of 4.2068 million yuan [5] Group 5 - Five companies disclosed progress on private placements on January 15, with four companies announcing private placement plans and one plan approved by the exchange [6] - The highest proposed fundraising amounts are from *ST Songfa and Lante Optics, with amounts of up to 7 billion and 1.055 billion yuan respectively [6] Group 6 - Ten A-shares will undergo equity registration on January 15, with all ten companies planning to distribute dividends [7] - The companies with the largest dividend payouts are China Merchants Bank, Huayan Precision Machinery, and Industrial Fulian, with payouts of 10.13 yuan, 5.00 yuan, and 3.30 yuan per 10 shares respectively [7]

Core Viewpoint - On January 15, a total of 9 companies had their restricted shares unlocked, with a total unlock volume of 304 million shares, amounting to a market value of 15.476 billion yuan based on the latest closing price [1] Summary by Category Unlock Volume - Hanma Technology, Zhongke Lanyun, and Huitong Technology had the highest unlock volumes, with 140 million shares, 7.62838 million shares, and 5.2872 million shares respectively [1] Unlock Market Value - Zhongke Lanyun, Huitong Technology, and Sikan Technology had the highest unlock market values, amounting to 10.97 billion yuan, 1.529 billion yuan, and 1.344 billion yuan respectively [1] Unlock Ratio - Zhongke Lanyun, Huitong Technology, and Qianjin Technology had the highest unlock ratios, with 63.25%, 37.64%, and 25.13% of their total share capital unlocked respectively [1]

Market Overview - US core CPI inflation slowdown failed to maintain stock market gains, with major indices turning negative; S&P 500 down 0.19%, Dow Jones down 0.80%, and Nasdaq down 0.10% [1] - Financial sector dragged down by bank stocks, with JPMorgan falling over 4% and Visa also down more than 4% after CFO hinted at potential impacts from credit card interest rate caps [1] - Google saw a rise of over 1%, marking four consecutive days of record highs, while AMD and Intel gained over 6% and 7% respectively after rating upgrades [1] Sector Performance - Nasdaq Golden Dragon China Index fell by 1.86%, with notable declines in Brain Rejuvenation Technology down over 26% and Pinduoduo down over 5% [2] - Offshore RMB initially rose post-US CPI release but later fell below 6.97, moving away from a 20-month high [4] Commodity Market - Oil prices rose for four consecutive days, reaching a two-month high, with a peak increase of over 3% following Trump's cancellation of talks with Iran [5] - Gold hit a record high before turning down, while silver rose nearly 5% in two days, achieving historical highs [5] Company Announcements - OpenAI's first hardware, reportedly AI headphones, aims for sales of 50 million units this year [6] - META plans to double the production capacity of AI glasses Ray-Ban to 20 million units by 2026, reflecting the rapid growth of the AI glasses market [7] - TCL Technology expects a net profit of 4.21 billion to 4.55 billion yuan for 2025, a year-on-year increase of 169% to 191% [19] - Dazhu CNC anticipates a net profit of 785 million to 885 million yuan for 2025, up 160.64% to 193.84% year-on-year [20] Industry Developments - The Ministry of Industry and Information Technology (MIIT) issued a plan to enhance the development of industrial internet platforms, aiming for over 120 million connected industrial devices by 2028 [8] - The MIIT held a meeting to implement a new round of growth stabilization plans for ten key industries, emphasizing the need to resist "involution" [9] - The Ministry of Commerce announced continued anti-dumping duties on solar-grade polysilicon from the US and South Korea for five years [10]

申万宏源证券承销保荐有限责任公司 本次上市流通的限售股形成后至今未发生因股份增发、回购注销、送红股或 资本公积金转增股本等导致公司股份数量变动的情形。 关于扬州惠通科技股份有限公司 部分首次公开发行前已发行股份及首次公开发行战略配售 股份上市流通的核查意见 根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》等有关法律、法规的规定，申万宏源证券承销保 荐有限责任公司（以下简称"申万宏源承销保荐"或"保荐机构"）作为扬州惠通科 技股份有限公司（以下简称"惠通科技"、"上市公司"或"公司"）持续督导工作的 保荐机构，对惠通科技部分首次公开发行前已发行股份及首次公开发行战略配售 股份上市流通事项进行了审慎核查，并出具核查意见如下： 一、本次上市流通的限售股类型 经中国证券监督管理委员会《关于同意扬州惠通科技股份有限公司首次公开 发行股票注册的批复》（证监许可〔2024〕1464 号）同意注册，公司首次公开发 行人民币普通股（A 股）股票 35,120,000.00 股，并于 2025 年 1 ...