证券日报网讯 1月30日，移远通信（603236）在互动平台回答投资者提问时表示，二级市场股价会受到 宏观经济、行业政策、市场情绪、资金偏好等多重因素影响。公司将持续通过提升经营质量、完善公司 治理结构、优化股东回报、增强投资者互动等综合举措，努力促进公司内在价值和市场价值的双向提 升。公司重视投资者回报，自上市以来通过回购以及稳定的现金分红等多种方式回馈投资者，并保持与 投资者的沟通，维护投资者关系。公司自上市以来，累计实施现金分红8次，金额约为8.55亿元。公司 重大事项请以公告为准，公司经营业绩情况请参考公司后期披露的定期报告。 ...

1月26日，麦格米特发布了定增报告书。根据报告书显示，麦格米特本次发行价格为85.01元/股，为发 行底价70.3元/股的1.21倍；发行股数为3132.59万股，募集资金总额为26.63亿元。 此次定增的发行对象最终确定为10名，包含易方达基金、财通基金、国投瑞银等公募，以及UBS AG、 中汇人寿保险等外资和险资机构。其中，易方达基金获配金额最多，为16.29亿元，共计获配1916.61万 股。 值得一提的是，私募大佬葛卫东也出现在定增申购名单中，申购金额高达24亿元，但未中标。 实际上，葛卫东对麦格米特的关注早就有迹可循。根据麦格米特2025年半年报，王萍新进成为麦格米特 的第十大股东。随后通过不断增持，已在三季度末跃升为第四大股东，持股数量为1148.82万股，持股 占比为2.09%。与此同时，葛贵莲也新进成为麦格米特的第九大股东，持股占比为1.1%。 有报道称，王萍系葛卫东亲属，常常一起现身A股上市公司的股东名单；而葛贵莲与葛卫东均为混沌投 资的股东。 从持仓布局来看，葛卫东及关联人近年多聚焦于科技和消费零售领域，其名字多次出现在兆易创新、移 远通信、江淮汽车、会稽山等公司股东名单中。甚至，葛卫东及 ...

每经记者｜黄宗彦 每经编辑｜陈柯名 吴永久 潘海福 每次上市公司实控人的"离婚账本"一摊开，总能牵动投资者的神经。 近日，申通快递实控人之一陈小英在离婚14年后，被前夫起诉索要公司2028.4万股。按公告当日（1月21日）公司的收盘价13.78元/股计算，这部分股权对 应的市值约为2.8亿元。 事实上，这样的"离婚分割股权大戏"并不少见。《每日经济新闻》记者统计发现，2025年全年共有12家上市公司因实控人离婚卷入股权分割，股权分割的 总市值从公告当日的57.83亿元涨到年底的63.21亿元，并且没有实控人及前任实施减持。 这些案例里，有的通过和平协商分家产，有的通过法院裁决，甚至有人直接通过离婚拿到了公司控制权。 中国人民大学财政金融学院教授郑志刚向《每日经济新闻》记者分析表示，上市公司的重要特点是所有权与经营权分离，理论上股权归属并不一定会影响 企业的经营方式。并且，在利益回报面前，实控人夫妻即便离婚并且分割股权，后续双方可能在公司经营、战略等关键问题上仍保持立场一致。 2025年A股12家公司实控人离婚分割股权 单笔最高分割11.98亿元市值 2025年的A股市场，实控人离婚引发的股权分割事件持续上演。 ...

每次上市公司实控人的"离婚账本"一摊开，总能牵动投资者的神经。 近日，申通快递实控人之一陈小英在离婚14年后，被前夫起诉索要公司2028.4万股。按公告当日（1月21日）公司的收盘价13.78元/股计算，这部分股权对应 的市值约为2.8亿元。 事实上，这样的"离婚分割股权大戏"并不少见。《每日经济新闻》记者统计发现，2025年全年共有12家上市公司因实控人离婚卷入股权分割，股权分割的总 市值从公告当日的57.83亿元涨到年底的63.21亿元，并且没有实控人及前任实施减持。 这些案例里，有的通过和平协商分家产，有的通过法院裁决，甚至有人直接通过离婚拿到了公司控制权。 中国人民大学财政金融学院教授郑志刚向《每日经济新闻》记者分析表示，上市公司的重要特点是所有权与经营权分离，理论上股权归属并不一定会影响企 业的经营方式。并且，在利益回报面前，实控人夫妻即便离婚并且分割股权，后续双方可能在公司经营、战略等关键问题上仍保持立场一致。 2025年A股12家公司实控人离婚分割股权，单笔最高分割11.98亿元市值 2025年的A股市场，实控人离婚引发的股权分割事件持续上演。 | 序号 | 公司简称 | 证券代码 | 实控人配 ...

Core Viewpoint - The recent trend of divorce-related equity division among controlling shareholders in A-share companies has raised investor concerns, with significant market implications observed in 2025 [1][3][4]. Group 1: Overview of Divorce-Related Equity Division - In 2025, a total of 12 A-share companies announced equity divisions due to the divorce of their controlling shareholders, with the total market value of these divisions increasing from 5.783 billion yuan to 6.321 billion yuan by the end of the year [4][8]. - The highest single division value was recorded at 1.198 billion yuan for Yiyuan Communication, while the lowest was 157 million yuan for Yuenan New Materials [5][6]. Group 2: Methods and Outcomes of Equity Division - The majority of equity divisions were settled amicably, with 58.33% of cases resolved through negotiation, while 2 cases were decided by court rulings and 2 through court mediation [7]. - Notably, in the case of Shanshui Technology, the ex-spouse became the new controlling shareholder and CEO after the divorce, marking a unique instance in 2025 [6][7]. Group 3: Market Reactions and Shareholder Behavior - Despite concerns about potential stock sell-offs by ex-spouses, 10 out of the 12 companies saw their stock prices increase from the announcement date to the end of 2025, with an average increase of 83.33% [8]. - The stock price of Yuenan New Materials experienced the highest increase at 37.21%, while only two companies, Shanshui Technology and Jindan Technology, saw declines, with the largest drop being 13% [8]. Group 4: Analysis of Investor Sentiment - The perception of divorce-related equity divisions as a negative signal has weakened, attributed to the separation of ownership and management in listed companies, which suggests that such divisions do not necessarily impact operational strategies [10]. - Even in cases of personal conflict, controlling shareholders may maintain aligned interests in business operations, reducing the likelihood of adverse market reactions [10].

对比来看，2025年末从均衡打法转向赛道聚焦的基金当中，有相当大比例为"迷你"产品。 强化产品进攻性、走赛道化布局路线，已成为基金保障合同存续和实现规模扩容的关键路径。在对业绩 与规模取得双赢验证后，同类产品的赛道化策略已成为业内教科书式案例，吸引着不少小微基金主动摒 弃均衡打法，聚焦单一高景气赛道以提升净值弹性，从而开启业绩突围与规模跃升双主线。 刚刚披露完毕的公募基金四季报显示，一批小微基金的规模在较短时间内从千万元升破10亿元甚至100 亿元，上百倍的规模扩张背后正是产品进攻特征的极致演绎。 小微基金打破均衡发力赛道化 目前，不少小微产品的基金经理正努力做减法，确保深耕一两个赛道，而不再是广泛涉足多个行业。 基金赛道化布局的业绩红利持续释放，正推动更多产品主动调整持仓逻辑。在见证赛道化打法取得业绩 与规模的双赢局面后，越来越多的小微产品开始放弃均衡打法，转而重点布局某一行业来提升产品净值 的高弹性。比如，根据最新披露的2025年四季报持仓信息，融通明锐混合基金在去年末大幅提升产品净 值的进攻性，该产品此前以个股精选为主，重仓股曾涵盖各类行业，包括德昌电机控股、泡泡玛特、新 易盛、移远通信等标的，不过整体 ...

Group 1 - The core viewpoint of the report emphasizes that the demand for AI computing power will continue to grow and diversify in 2026, extending from data centers to network edges and even internal terminals [8][13][27] - The report highlights the significant capital expenditure (Capex) growth driven by business revenue, with major cloud service providers like Google, Microsoft, and Amazon showing consistent revenue growth exceeding 20% year-on-year [27][31][35] - The report identifies the increasing importance of silicon photonics technology, particularly the 1.6T optical module, which is expected to maintain accelerated growth and enhance the global market share of domestic optical chips and devices [7][54][70] Group 2 - The report discusses the emergence of new technologies such as Scale-UP supernodes and their impact on optical link demand, indicating that these technologies will drive additional link requirements in 2026 [7][9][66] - It notes that the AI infrastructure is experiencing a high level of prosperity, with significant investments in data centers and AI capabilities expected to continue, particularly in the U.S. [47][49][53] - The report anticipates that the integration of silicon photonics will significantly increase its market penetration, projecting that by 2026, over half of optical module sales will come from silicon photonics solutions [70][75]

Core Viewpoint - The company emphasizes that its stock price in the secondary market is influenced by multiple factors including macroeconomic conditions, industry policies, market sentiment, and investor preferences [2] Group 1: Company Strategy - The company aims to enhance its intrinsic and market value through various measures such as improving operational quality, refining corporate governance, optimizing shareholder returns, and increasing investor interaction [2] - The company commits to timely information disclosure regarding any significant events in accordance with relevant regulations [2] Group 2: Performance and Reporting - The company advises investors to refer to its upcoming periodic reports for details on operational performance [2]

Core Viewpoint - The company emphasizes that its stock price in the secondary market is influenced by multiple factors including macroeconomic conditions, industry policies, market sentiment, and investor preferences [1] Group 1: Company Strategy - The company aims to continuously enhance its operational quality and core competitiveness while improving communication with investors to create long-term investment value [1] - As a provider of overall IoT solutions, the company focuses on customer demand and actively expands its market coverage both in breadth and depth [1] Group 2: Business Development - The company is exploring and tapping into emerging business areas, with diversified operations including modules, antennas, ODM, intelligent solutions, and software service platforms [1] - A complete ecosystem has been formed, integrating "hardware + connectivity + platform + application" [1]

Group 1 - The Zhongzheng General Aviation Theme Index (931855) has seen a strong increase of 3.46%, with component stocks such as Triangle Defense rising by 16.35%, Steel Research High-tech by 9.28%, and Aerospace Electronics by 8.17% [1] - The General Aviation ETF (561660) also rose by 3.39%, with the latest price reported at 1.4 yuan [1] - The commercial aerospace sector is experiencing a revival, with three companies—Xinghe Power, Xingji Glory, and Tianbing Technology—updating their listing guidance progress, alongside the acceptance of Blue Arrow Aerospace's IPO application and the completion of guidance filing by China Aerospace [1] Group 2 - The Zhongzheng General Aviation Theme Index tracks 50 listed companies involved in aviation materials, components, aircraft manufacturing, infrastructure, operations, and applications, reflecting the overall performance of the general aviation sector [2] - As of December 31, 2025, the top ten weighted stocks in the index include Aerospace Electronics, Haige Communication, China Satellite Communications, and others, accounting for a total of 43.4% of the index [2]