| | 2024年 | 2023 年 | 本年比上年增减 | 2022年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 44,211,224,427.93 | 34,123,706,020.59 | 29.56% | 34.484.678,505.90 | | 归属于上市公司股东 的净利润(元) | 1,753,492,060.19 | 2,050,908,425.28 | -14.50% | 1.596.075.000.09 | | 归属于上市公司股东 的扣除非经常性损益 | 1,626,064,857.29 | 1.692.994.960.35 | -3.95% | 1.494.317.674.23 | | 的净利润(元) | | | | | | 经营活动产生的现金 | 4,021,271,442.69 | 5.295.286.916.67 | -24.06% | 4.124.729.586.77 | | 流量净额(元) | | | | | 前三季度，领益智造实现营业收入375.90亿元，同比增长19.25%；归属于上市公司股东的净利润19.41亿元， 同比增 ...

数据显示，截至2025年10月31日，中证稀土产业指数前十大权重股分别为北方稀土、卧龙电驱、领益智 造、中国稀土、厦门钨业、中国铝业、盛和资源、金风科技、包钢股份、格林美，前十大权重股合计占 比61.61%。 2025年11月27日早盘，稀土板块一度冲高上行，截至13:06，中证稀土产业指数上涨0.33%，成分股丰元 股份上涨3.15%，科恒股份上涨3.13%，领益智造上涨2.74%，科力远上涨1.34%，横店东磁上涨0.80%。 作为战略小金属，稀土产品价格受供需关系影响，一直处于波动状态。有机构表示，对于中长期市场走 势，对稀土发展充满信心，最根本的是，稀土这一重要资源的战略地位和应用前景没有改变，支撑行业 发展的要素条件或没有改变，稀土行业高质量发展的态势或没有改变。 东方证券指出，出口管制暂缓实施，海外需求有望增长。根据商务部官网，中方将暂停实施10月9日公 布的相关出口管制等措施一年。此前市场担心海外需求受出口管制政策影响，或影响稀土产品需求及价 格，产业链也多采取观望态度。向后看，随着中美双方就相关问题达成共识，稀土产品出口渠道有望得 到畅通，海外需求有望迎来大幅增长，氧化镨钕价格有望恢复上涨。 ...

【导读】A股三大股指 震荡走高，科创50涨超2% 中国基金报记者 张舟 大家好，基金君和你一起关注今天开盘市场行情。 11 月2 7 日，A股三大股指 开盘涨跌不一，沪指高开0.08%，深成指低开0.03%，创业板指 低开0.11% 。 截至发稿，三大指数全线飘红，创业板指涨超1%，科创50指数涨超2%。 半导体板块走强 11月27日早盘，半导体板块再度走强。 个股方面，赛微电子大涨20%，报50.51元/股，再创历史新高。国晟科技涨停，力芯微涨超 12%。 | 代码 | 名称 | 现价 | 涨跌幅 ▼ | 总市值1 | 年初至今涨跌 | 换手率 | | --- | --- | --- | --- | --- | --- | --- | | 300456 | 赛微电子 | 50.51 | 20.00% | 370亿 | 194.00% | 19.78% | | 688601 力芯微 | | 53.07 | 12.20% | 71亿 | 29.41% | 5.99% | | 603778 国晟科技 | | 10.54 | 10.02% | 69亿 | 247.85% | 8.87% | | 688332 中科蓝 ...

宏观热点 六部门联合发文增强消费品供需适配性进一步促进消费 日前，经国务院同意，工业和信息化部、国家发展改革委、商务部、文化和旅游部、中国人民银行和市 场监管总局联合印发《关于增强消费品供需适配性进一步促进消费的实施方案》（以下简称《方 案》)，以消费升级引领产业升级，以优质供给更好满足多元需求，实现供需更高水平动态平衡。这是 党的二十届四中全会召开后首个印发的关于促消费政策文件。 《方案》提出，到2027年，消费品供给结构明显优化，形成3个万亿级消费领域和10个千亿级消费热 点，打造一批富有文化内涵、享誉全球的高品质消费品；到2030年，供给与消费良性互动、相互促进的 高质量发展格局基本形成，消费对经济增长的贡献率稳步提升。 工信部：截至10月末三家基础电信企业及中国广电的移动电话用户总数达18.3亿户 工信部发布2025年前10个月通信业经济运行情况，截至10月末，三家基础电信企业及中国广电的移动电 话用户总数达18.3亿户，比上年末净增4015万户。其中，5G移动电话用户达11.84亿户，比上年末净增 1.7亿户，占移动电话用户的64.7%。 乘联分会：11月1—23日全国乘用车新能源市场零售84.9万 ...

Core Viewpoint - Linyih Intelligent Manufacturing is preparing for an IPO in Hong Kong to alleviate liquidity concerns and support its global expansion strategy, while also transitioning from traditional manufacturing to high-value AI and robotics sectors [5][11]. Group 1: Financial Performance - For the first three quarters of 2025, the company reported revenue of 37.59 billion yuan, a year-on-year increase of 19.25%, and a net profit of 1.94 billion yuan, up 37.66% from the previous year [5][12]. - The operating cash flow reached 2.30 billion yuan, reflecting a significant increase of over 60% year-on-year, indicating a solid cash generation capability [12]. - However, short-term borrowings surged to 7.33 billion yuan, more than doubling from 3.20 billion yuan at the beginning of the year, raising concerns about short-term debt pressure [12][13]. Group 2: Strategic Focus and Expansion - The company aims to shed its traditional OEM label and pivot towards high-value sectors such as AI, humanoid robots, and advanced computing [6][9]. - The IPO proceeds will primarily fund investments in four key areas: humanoid robots, XR (extended reality), foldable screens, and servers, which are seen as the second growth curve for the company [6][9]. - Linyih Intelligent Manufacturing has established strategic partnerships with leading firms in the robotics sector and aims to leverage its precision manufacturing capabilities to become a key player in the robotics industry [6][7]. Group 3: Mergers and Acquisitions - The company has been actively acquiring firms in the electric vehicle supply chain, including a recent cash acquisition of Zhejiang Xianglong for 2.40 billion yuan, to enhance its automotive component offerings [9][10]. - The acquisition strategy is designed to build a product matrix that includes power batteries, automotive interior and exterior parts, and transmission systems, transitioning from a Tier 2 to a Tier 1 supplier [10]. - Linyih Intelligent Manufacturing is also looking globally for high-growth technology targets in AI, optical communication infrastructure, and robotics to further its expansion [10]. Group 4: IPO Implications - The Hong Kong IPO is expected to provide a direct avenue for equity financing, optimizing the capital structure and reducing the debt ratio, thereby alleviating short-term repayment pressures [11]. - The overseas financing platform will offer lower-cost foreign currency funds, which is crucial as nearly 50% of the company's revenue comes from international markets [11]. - The company is balancing the need for stable cash flow from its core consumer electronics business while making significant capital investments in AI and automotive sectors to avoid falling behind in technological advancements [11].

消费者争相体验华为新机。记者 杨仪 摄 作为高端手机领域的重要"选手"，华为Mate系列自诞生以来，每次迭代都会带来令人眼前一亮的技术创 新成果。本次上新，华为Mate 80系列带来超透亮灵珑屏、户外探索模式、无网应急通信和第二代红枫 影像四大首发黑科技，华为Mate X7则带来全新一代玄武水滴铰链、第二代玄武钢化昆仑玻璃外屏、超 韧叠层内屏和机翼铝中框等创新突破。但最受市场关注的，还是麒麟芯片的迭代升级和鸿蒙系统的进化 完善。 发布会上，华为常务董事、产品投资委员会主任、终端BG董事长余承东提到，通过软、硬、芯垂直整 合，Mate 80系列手机性能大幅提升，其中华为Mate 80 Pro Max整机性能较上一代提升42%，Mate 80 RS 非凡大师版的性能提升45%，Mate X7提升42%。不过，他没有过多介绍华为Mate 80系列搭载的芯片信 息。 发布会结束后，记者前往深圳万象天地华为旗舰店体验真机时看到，除华为Mate 80继续搭载麒麟9020 芯片外，其余产品均搭载了新一代麒麟芯片——HUAWEI Kirin 9030系列处理器。 有消费者在体验了华为Mate 80 Pro Max后对记者表示 ...

Robotics - Lingyi Zhi Zao has signed strategic cooperation agreements with several leading embodied intelligence companies to promote the hardware manufacturing of embodied robots [1] - Luxshare Precision is expected to ship 3,000 humanoid robots this year [1] Batteries - Tiannai Technology claims that single-wall products are the best choice for fast-charging batteries, with fourth-generation and pure single-wall products significantly enhancing battery rate and cycle life [1] - Ninebot reports that fluctuations in lithium carbonate prices have not directly impacted product pricing; the company has preemptively stocked multiple new electric bicycle products that meet new national standards [1] Chips - Xidi Micro has successfully integrated its high-performance power management chip products into the Meta supply chain through ODM manufacturers [1] - Silan Micro has launched four key analog chips for AI computing power [1] Electronics - BOE Technology Group indicates that the overall supply and demand in the industry is under pressure, with a forecasted decline in the shipment volume of foldable products in the second half of the year [1] - Luxshare Precision anticipates mass production of microchannel technology next year [1] - Zhihui Power, as a first-tier supplier to Google, provides mobile-related components through Foxconn and Taiwan's Compal [1] Others - Jinli Permanent Magnet holds indirect shares in Muxi Co., Ltd [1] - Chunhui Zhikong has begun bulk supply of satellite release devices to satellite manufacturers [1] - Nandu Property holds indirect shares in Yundongchu through the Saizhi Zhudragon Fund [1] - Chuangyuan Technology's subsidiary Suzhou Bearing supplies mainly needle bearing products for the commercial aerospace sector, although the supply volume is relatively small [1] - Shengyuan Environmental Protection has indirectly participated in investment in Moore Threads by subscribing to fund shares [1] - Shengyang Co., Ltd has launched full immersion liquid cooling energy storage systems and solutions into the market [1] - Weichai Power does not have a gas turbine business [1]

每经AI快讯，11月26日，领益智造（002600）在互动平台表示，公司在客户供应链端的地位不断加 强，正在承接更多业务。第三、四季度正值公司生产旺季，公司处于高度运转的状态。 ...

人民财讯11月26日电，领益智造（002600）11月26日在互动平台称，公司已与多家头部具身智能企业签 订战略合作，正积极推动具身机器人硬件制造业务的落地。公司在机器人领域拥有伺服电机、减速器、 驱动器、运动控制器等执行层核心技术，在机器人底盘、灵巧手、关节模组、手臂、皮肤/外壳、散热 方案、充电方案等具备研发能力和量产经验，已为多家北美和国内行业头部客户提供相关硬件，也在人 形机器人/机械狗整机ODM组装方面有成熟经验。 ...

格隆汇11月26日丨领益智造(002600.SZ)在互动平台表示，公司在机器人领域拥有伺服电机、减速器、 驱动器、运动控制器等执行层核心技术，在机器人底盘、灵巧手 、关节模组、手臂、皮肤/外壳、散热 方案、充电方案等具备研发能力和量产经验，已为多家北美和国内行业头部客户提供相关硬件，也已在 人形机器人/机械狗整机ODM组装方面有成熟经验。 ...