Group 1 - The company Dongtu Technology held a temporary board meeting on January 16, 2026, via communication voting to discuss the proposal for using part of the idle raised funds to temporarily supplement working capital [1] Group 2 - The silver market has seen a significant increase, with prices rising over 80% in the last 50 days, indicating a level of speculation that surpasses that of gold [1] - Historically, the explosive growth in silver prices often signals that the precious metals bull market is reaching its peak, raising questions about the current market dynamics [1]

国金证券股份有限公司 关于北京东土科技股份有限公司 使用闲置募集资金暂时补充流动资金的核查意见 国金证券股份有限公司（以下简称"国金证券"、"保荐机构"）作为北京 东土科技股份有限公司（以下简称"东土科技"、"公司"）向特定对象发行股 票并在创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳 证券交易所创业板股票上市规则（2025年修订）》《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》《上市公司募集资金监管规则》 等有关法律法规的要求，对东土科技拟使用部分闲置募集资金暂时补充流动资金 的相关事项进行了审慎核查，具体情况如下： 一、募集资金的基本情况 东土科技向特定对象发行股票已获中国证券监督管理委员会《关于同意北京 东土科技股份有限公司向特定对象发行股票注册的批复》（证监许可〔2023〕1272 号）同意，公司向特定对象发行人民币普通股（A股）81,775,700股，发行价格 为10.70元/股，募集资金总额为874,999,990元，扣除总发行费用15,177,146.89元， 实际募集资金净额为人民币859,822,843.11元。信永中和会计师事务所（特殊普 通合 ...

证券代码：300353 证券简称：东土科技 公告编码：2026-003 北京东土科技股份有限公司 关于使用闲置募集资金暂时补充流动资金的公告 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。 北京东土科技股份有限公司（以下简称"东土科技"、"公司"）于 2026 年 1 月 16 日召开第七届董事会第十七次会议，审议通过了《关于使用部分闲置募集 资金暂时补充流动资金的议案》，同意公司在保证募集资金投资项目建设的资金 需求和正常进行的前提下，使用不超过人民币 25,000 万元的闲置募集资金用于 暂时补充流动资金，使用期限为自董事会审议通过之日起不超过 12 个月，到期 归还至公司募集资金专用账户。根据《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》《上市公司募集资金监管规则》的规定，本 次使用部分闲置募集资金暂时补充流动资金事项无需提交股东会审议。具体情况 如下： 一、募集资金基本情况 公司向特定对象发行股票已获中国证券监督管理委员会《关于同意北京东土 科技股份有限公司向特定对象发行股票注册的批复》（证监许可〔2023〕1272 号）同 ...

经参会董事认真审议，以记名投票表决的方式审议通过如下议案： （一）审议通过《关于使用部分闲置募集资金暂时补充流动资金的议案》 证券代码：300353 证券简称：东土科技 公告编码：2026-002 北京东土科技股份有限公司 第七届董事会第十七次会议决议公告 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、会议召开情况 北京东土科技股份有限公司（以下称"公司"）第七届董事会第十七次会议于 2026年1月16日以通讯表决方式召开。本次会议为董事会临时会议，由董事长李 平先生提议召开。会议通知于2026年1月14日以电子邮件方式发出。本次董事会 应出席董事7人，实际参加会议并表决董事7人。本次会议的召开符合《中华人民 共和国公司法》《公司章程》以及有关法律、法规的规定。 二、会议表决情况 公司在保证募集资金投资项目建设的资金需求和正常进行的前提下，使用不 超过人民币 25,000 万元的闲置募集资金用于暂时补充流动资金，使用期限为自 董事会审议通过之日起不超过 12 个月，到期归还至公司募集资金专用账户。根 据《深圳证券交易所上市公司自律监管指引第 2 号——创 ...

2026 年 1 月 15 日，公司将上述用于暂时补充流动资金的闲置募集资金全部 提前归还至募集资金专用账户，使用期限未超过 12 个月，并将上述募集资金的 归还情况通知了保荐机构国金证券股份有限公司及保荐代表人。公司在闲置募集 资金暂时补充流动资金期间，严格遵守《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》《上市公司募集资金监管规则》的相关 规定，对资金进行了合理的安排与使用，不影响募投项目投资计划的正常开展， 有效提高了募集资金使用效益。截至本公告披露日，本次用于暂时补充流动资金 的募集资金已全部归还完毕。 特此公告。 北京东土科技股份有限公司 关于归还用于暂时补充流动资金的闲置募集资金的公告 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。 北京东土科技股份有限公司（以下简称"东土科技"、"公司"）于 2025 年 1 月 17 日召开第六届董事会第五十次会议及第六届监事会第三十二次会议， 审议通过了《关于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司 在保证募集资金投资项目建设的资金需求和正常进行的前提下，使用不超过 ...

Group 1 - The core point of the news is that Dongtu Technology's stock price dropped by 5.46% to 23.88 CNY per share, with a trading volume of 471 million CNY and a turnover rate of 3.62%, resulting in a total market capitalization of 14.684 billion CNY [1] - Dongtu Technology, established on March 27, 2000, and listed on September 27, 2012, specializes in the research, production, and sales of hardware devices in the industrial control network field, providing solutions for information transmission in industrial control systems [1] - The company's main business revenue composition includes: industrial network communication at 68.97%, smart controllers and solutions at 20.05%, and industrial operating systems and related software services at 10.98% [1] Group 2 - From the perspective of major fund holdings, Ping An Fund has one fund heavily invested in Dongtu Technology, specifically the Ping An Xin An Mixed A fund, which held 106,200 shares, accounting for 4.44% of the fund's net value, ranking as the tenth largest holding [2] - The Ping An Xin An Mixed A fund, established on December 11, 2015, has a latest scale of 16.7983 million CNY, with a year-to-date return of 9.75% and a one-year return of 92.34%, ranking 206 out of 8094 in its category [2] - The fund manager, Lin Qingyuan, has a tenure of 10 years and 252 days, with the fund's total asset scale at 206 million CNY, achieving a best return of 114.76% and a worst return of -39.37% during his tenure [2]

Macro Strategy - The core viewpoint indicates that the overall CPI in the US for December 2025 met expectations, while the core CPI fell short, primarily due to short-term disturbances from used car price declines, price wars among telecom companies, and seasonal factors, which are not expected to have a lasting negative impact on inflation [1][8] - Looking ahead to Q1 2026, there is a risk of stronger-than-expected growth and inflation data in the US due to short-term fiscal and monetary easing, which could further compress the previously anticipated rate cuts in March and April [1][9] Fixed Income - Historical analysis from 2016-2018 shows that during that period, the sequence of interest rate changes was driven by policy tightening, leading to significant increases in short-term rates, followed by long-term rates due to economic resilience [2][10] - In contrast, the current environment sees long-term rates rising first due to economic recovery expectations, while short-term rates remain relatively stable under a backdrop of loose monetary policy, indicating that a repeat of the 2017 bear market is not guaranteed [2][11] - The report suggests that the yield curve is expected to steepen, and strategies to leverage could be employed to enhance returns, as the yield curve inversion between money market funds and bond funds is anticipated to improve [2][11] Industry Insights 富临精工 (Fulin Precision) - The company plans to issue 230 million shares at a price of 13.62 yuan per share, raising 3.175 billion yuan, with Ningde Times acquiring a 12% stake, which will strengthen the company's position as a leader in iron-lithium batteries and facilitate comprehensive strategic cooperation [3][12] - Profit forecasts for 2025-2027 have been revised upwards, with expected net profits of 5.4 billion, 20 billion, and 28 billion yuan, representing year-on-year growth of 37%, 273%, and 36% respectively, maintaining a "buy" rating [3][12] 容百科技 (Rongbai Technology) - The company anticipates a net profit of -1.9 to -1.5 billion yuan for 2025, with a projected recovery in Q4 leading to a net profit of 30 million yuan, and expects to achieve a sales volume of 12 million tons in 2026, reflecting a 25% year-on-year increase [4][13] - The company has signed a cooperation agreement with Ningde, ensuring a minimum annual purchase of 60% of its sodium battery cathodes, which is expected to lead to profitability in the sodium battery segment [4][13] 潮宏基 (Chao Hong Ji) - The company forecasts a net profit of 4.36 to 5.33 billion yuan for 2025, with significant growth driven by strategic focus and channel expansion, including a net increase of 163 stores in 2025 [6][14] - The brand's strategy of targeting young consumers with culturally relevant products has led to a strong market response, with a projected net profit of 6.5 billion yuan after excluding impairments [6][14] 东土科技 (Dongtu Technology) - The release of the "Industrial Internet and Artificial Intelligence Integration Empowerment Action Plan" is expected to benefit the company, which focuses on foundational technologies for industrial internet and aims to enhance its market position through policy alignment [7][15] - Profit forecasts for 2025-2027 are maintained at 0.86 billion, 1.52 billion, and 2.02 billion yuan, with a "buy" rating [7][15]

Market News - The three major US stock indices closed lower, with the Dow Jones down 0.08%, Nasdaq down 1%, and S&P 500 down 0.53%. Tech stocks generally fell, with Oracle and Broadcom down over 4%, and Amazon, Microsoft, and Meta down over 2%. Intel rose over 3% [1] - International oil prices saw a significant drop, with WTI crude oil down 1.61% at $59.95 per barrel and Brent crude down 1.53% at $64.47 per barrel. Precious metals prices increased, with spot gold up 0.87% at $4626.55 per ounce and silver up 6.56% at $92.63 per ounce [1] - European stock indices had mixed results, with Germany's DAX down 0.53%, France's CAC40 down 0.19%, and the UK's FTSE 100 up 0.46% [1] Industry Insights - China successfully launched two satellites on January 13, marking the beginning of a high-density launch schedule for the year. The satellite industry is projected to target a market space worth trillions, with over 60 institutions applying for satellite data to the ITU [2] - The satellite internet sector is expected to grow significantly, with the satellite communication industry projected to exceed 200 billion to 400 billion yuan by 2030, with an annual compound growth rate of 10%-28% [3] - Shanghai's Economic and Information Technology Commission released a plan to promote high-level autonomous driving, aiming for large-scale application by 2027 and establishing a competitive smart connected vehicle industry cluster [4] - The "vehicle-road-cloud integration" is expected to generate an additional output value of 725.9 billion yuan by 2025 and 2.5825 trillion yuan by 2030, with a compound annual growth rate of 28.8% [4] - The policy aims to enhance data collaboration and trust among automotive, information communication, and transportation sectors, addressing issues of data silos and unstandardized data formats [5][6]

Group 1 - The Ministry of Industry and Information Technology has issued an action plan for the high-quality development of industrial internet platforms from 2026 to 2028, emphasizing the deep application of artificial intelligence in the industrial sector [1] - The action plan includes four innovative measures to promote the development of industrial internet platforms, focusing on enhancing AI capabilities across the entire industrial chain [2] - The integration of AI and industrial internet is seen as a key driver for the transformation of the manufacturing sector, providing essential momentum for digital and intelligent upgrades [1][4] Group 2 - By 2028, the plan aims to significantly enhance the integration level of industrial internet and AI, with a target of transforming no less than 50,000 enterprises through new industrial network upgrades [2] - Companies are encouraged to evolve from being mere technology suppliers to becoming value co-creators, collaborating with manufacturing firms to optimize production processes and extract data value [2] - The current phase of AI and industrial internet integration is characterized by full-chain penetration and large-scale implementation, moving beyond initial technological trials [3] Group 3 - Companies in the industrial automation and communication sectors are developing collaborative ecosystems, optimizing core component control precision through AI algorithms, and providing hardware support for real-time data processing [3] - The application of AI in various key areas such as R&D design, production manufacturing, quality inspection, supply chain management, and safety production is becoming increasingly evident [3] - The integration of AI and industrial internet is expected to accelerate and enhance the transformation of the manufacturing industry, serving as a crucial engine for developing new productive forces [4] Group 4 - Under favorable policies, listed companies are leveraging their technological, financial, and situational advantages to accelerate the integration of AI and industrial internet [5] - Companies like Tianrongxin and Beijing Dongtu Technology are developing comprehensive solutions that enhance safety and operational efficiency in industrial internet applications [6] - The focus for listed companies should be on addressing technical adaptation challenges in specific scenarios and building a collaborative computing power system to strengthen core competitiveness [6]

Core Insights - The release of the "Industrial Internet and Artificial Intelligence Integration Empowerment Action Plan" is expected to significantly benefit Dongtu Technology [1] Group 1: Policy Alignment - The action plan emphasizes accelerating the intelligent upgrade of industrial networks and promoting the transformation of key industries, which aligns with the company's core products such as TSN chips and AUTBUS bus chips [1] - The policy highlights the need to enhance the intelligence level of industrial internet platforms, which matches the company's self-developed industrial operating system and control systems, providing foundational technical support for the integration of industrial internet and artificial intelligence [1] Group 2: Market Demand and Growth Potential - The action plan sets clear development goals and quantitative indicators for 2026-2028, likely leading to a surge in market demand for industrial networks and control systems, thus providing a certain growth space for the company's core business [1] - The company has been dedicated to researching foundational technologies for the industrial internet and is focused on building an industrial intelligent neural network platform, positioning it well to benefit from the action plan [1] Group 3: Financial Projections - The company maintains its net profit forecasts for 2025-2027 at 86 million, 152 million, and 202 million yuan respectively, and continues to hold a "buy" rating [1]