合肥市瑶海区科技创新投资基金合伙企业（有限合伙）（以下简称"瑶海科创基金"）成立于2025 年7月，总规模20亿元，瑶海科创基金委托合肥兴泰资本管理有限公司（以下简称"管理机构"） 管理。 按照"政府引导、市场运作、协同联动、科学决策、防范风险"的运作原则，瑶海科创基金旨在引 导社会资本投向新一代信息技术（人工智能、软件、物联网）、生物医药、高端装备与新材料、新 能源（含氢能）、智能机器人（含低空经济）、生产性服务业等产业，促进合肥市瑶海区新质生产 力培育与产业集聚。现面向社会公开遴选第三批参股子基金管理机构。本次遴选范围： 热文： 谁押中了沐曦股份？ 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 上述领域拟设子基金采用新设子基金形式，瑶海科创基金对单支子基金的认缴出资规模原则上不超 过1.5亿元，对单支子基金认缴出资比例原则上不超过35%。单支子基金规模原则上为3-5亿元。 子基金投资应聚焦其申报领域，对申报领域的投资额原则上不得低于子基金投资额的70%。 （三）计划设立不超过2支早期硬科技类子基金，主要投资于 ...

Core Viewpoint - Citigroup has issued a "Buy" rating for Hillstone Technology (01478) with a target price of HKD 12, following the company's profit alert indicating a projected net profit increase of 4 to 4.5 times year-on-year, reaching between RMB 1.395 billion and RMB 1.535 billion, which is lower than Citigroup's expectation of RMB 1.663 billion by 12% but exceeds market expectations [1] Group 1 - Hillstone Technology's strong growth is attributed to accelerated growth in non-mobile CCM lens modules in the Internet of Things and automotive sectors [1] - The company is focusing on high-end CCM lens modules and fingerprint modules, which are driving better product mix and gross margins [1] - The sale of a 51.08% stake in Hillstone India and improvements in joint venture operations have also contributed to the positive outlook [1] Group 2 - Citigroup's recent assessment reflects expectations of weak performance in the smartphone sector over the next two years, but believes that non-mobile business will continue to drive strong growth [1]

证券代码：301678 证券简称：新恒汇 新恒汇电子股份有限公司 投资者关系活动记录表 编号：2026-001 回复：公司打造了 CuAg、PPF、Flip Chip 系列引 线框架产品阵列，未来将持续升级并推出系列化车规级 引线框架产品，在消费电子芯片封装、物联网芯片封装、 汽车电子芯片封装、工业控制芯片封装四大核心领域协 同发展，构筑行业综合竞争能力。 公司深化上游供应商的战略合作，聚焦大颗粒、长 引脚、高密度的高端产品，实现产品结构调整；持续提 高技术工艺研发能力，采用新工艺、开发新产品，丰富 产品线，积极布局国产材料产品研发和产业化准备，努 力将公司发展成为全球一流的蚀刻引线框架供应商。 随着 5G 通信、人工智能、物联网、汽车电子等新 兴领域的快速发展，对集成电路的需求将持续增长，封 测市场也随之受益。在集成电路国产化加速的背景下， 公司加快实施高密度 QFN/DFN 封装材料产业化项目，产 能进一步提升，保障产品的交付，争取更高市场份额。 3、未来 3-5 年公司的战略规划？ 回复：未来三年，公司围绕智能卡业务、蚀刻引线 框架业务和物联网 eSIM 芯片封测三大业务板块，以持 续技术创新、业务创新 ...

Core Viewpoint - Qin Chuan IoT (688528.SH) expects a significant decline in net profit attributable to shareholders for the year 2025, projecting a loss between 100 million to 120 million yuan, representing a year-on-year decrease of 53.29% to 83.95% [1] Group 1: Financial Performance - The company anticipates a net profit loss of 100 million to 120 million yuan for 2025, compared to the previous year [1] - The expected decline in net profit is between 53.29% and 83.95% year-on-year [1] Group 2: Market Conditions - The domestic market for IoT smart gas meters is facing intensified competition, leading to a decrease in both sales volume and selling price [1] - Revenue from the overseas market and the smart sensor segment has increased during the reporting period, although these businesses are still in a critical market development phase [1] - The low initial base and long customer onboarding cycle have prevented these segments from achieving scale effects during the reporting period [1]

Core Viewpoint - The company, Xin Heng Hui, is engaged in the research, production, sales, and testing services of chip packaging materials, with a focus on smart card business, etched lead frames, and IoT eSIM chip testing services [3]. Group 1: Company Overview - Xin Heng Hui Electronic Co., Ltd. was established on December 7, 2017, and is located in Zibo High-tech Zone, Shandong Province [7]. - The main business revenue composition includes smart card business (59.74%), etched lead frames (28.34%), IoT eSIM chip testing (6.16%), and others (5.76%) [7]. - The company is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises in China [2]. Group 2: Financial Performance - As of September 30, 2025, Xin Heng Hui achieved an operating income of 700 million yuan, representing a year-on-year growth of 18.12% [8]. - The net profit attributable to the parent company was 120 million yuan, showing a year-on-year decrease of 11.72% [8]. - The company has distributed a total of 120 million yuan in dividends since its A-share listing [9]. Group 3: Market Activity - On January 14, the stock price of Xin Heng Hui increased by 1.62%, with a trading volume of 300 million yuan and a turnover rate of 9.01%, resulting in a total market capitalization of 16.517 billion yuan [1]. - The stock has seen a net outflow of 9.9674 million yuan from major funds today, with a ranking of 82 out of 172 in its industry [4]. - The average trading cost of the stock is 68.36 yuan, with the current price approaching a resistance level of 68.98 yuan [6].

2、通过大量试验数据以及产品真实环境下的运行数据，公司已构建起持续优化的影像、声音和光学方 面的算法模型，拥有包括人脸影像侦测\识别、移动人形侦测和声音识别等安防监控领域的算法模型， 并已成功导入发行人开发的智能监控类和传感类产品。 3、公司主营业务为LED照明产品、智能家居和智慧建筑等物联网领域产品的研发、制造、销售及服 务。公司主要产品有LED光源、LED灯具、IoT产品、CFL节能灯。在照明领域，立达信系中国照明电 器行业十强企业和中国轻工业科技百强企业，是全国LED照明行业的领军企业之一，已连续多年排名全 国LED照明产品出口规模第一。 4、立达信物联科技股份有限公司的主营业务是LED照明产品、智能家居和智慧建筑等物联网领域产品 的研发、制造、销售及服务。公司的主要产品是照明产品及配件、IoT产品及配件、家电类及配件、其 他产品。 5、根据2024年年报，公司海外营收占比为89.22%，受益于人民币贬值。 来源：新浪证券-红岸工作室 1月14日，立达信跌1.46%，成交额1.22亿元，换手率0.99%，总市值122.24亿元。 异动分析 跨境电商+人工智能+家用电器+物联网+人民币贬值受益 1、根据2 ...

人民币贬值受益+东数西算(算力)+物联网+锂电池概念+摘帽 1、根据2024年年报，公司海外营收占比为79.72%，受益于人民币贬值。 2、2025年7月28日互动易：公司目前主要集中聚焦于高功率电源领域，公司高功率电源产品为开关电源 产品，主要应用于算力服务器领域。 3、2020年6月17日互动易：公司在物联网领域的投入主要是提供相关解决方案，比如智慧园区、智慧社 区等。 4、据2022年年报显示：公司第二板块业务为新能源锂离子电池业务：锂离子电池的技术研发、生产和 销售，以及根据客户要求将电芯进行检测区分电芯容量档位，达到梯次利用目的。2022年公司实现营业 收入2.55亿元，同比增长82.99%，其中，新能源电池业务占比较高。 5、申请撤销风险警示获交易所批准，证券简称变更为同洲电子。 来源：新浪证券-红岸工作室 1月14日，同洲电子跌0.62%，成交额3.95亿元，换手率4.44%，总市值96.39亿元。 异动分析 今日主力净流入-5534.23万，占比0.14%，行业排名10/10，连续3日被主力资金减仓；所属行业主力净流 入7.11亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近 ...

随着全球超高频RFID标签需求持续攀升，零售、图书、电力等领域应用加速渗透，国内鞋服行业RFID 普及趋势明显，市场空间广阔。远望谷现有产能已难以匹配业务发展需求，RFID电子标签生产线建设 项目达产后将新增20亿片产能，有效突破交付瓶颈，同时借助长三角地区发达的物流网络与产业集群优 势，优化供应链管理，降低运输及采购成本，显著提升盈利水平。 可以看出，此次定增聚焦产能扩容与技术创新，既是远望谷响应RFID行业规模化发展趋势、突破产能 瓶颈的关键举措，也是深化"芯片－解决方案－行业标准"全链条布局、巩固行业领先地位的战略抉择。 与此同时，远望谷通过物联网终端建设项目，实现相关业务的快速发展，进而为其实现长期高质量发展 注入强劲动力。 （文章来源：证券日报） 本报讯 1月13日晚，深圳市远望谷信息技术股份有限公司（以下简称"远望谷"）披露2026年度向特定对 象发行A股股票预案。该公司拟向不超过35名特定对象募资不超过6.91亿元，重点投向RFID电子标签生 产线建设项目、创新产业中心建设项目、RFID电子标签芯片工艺升级项目、物联网智能终端建设项目 及流动资金补充。 该项目将通过与西安电子科技大学共建联合人工 ...

Group 1 - The core viewpoint of the news is that HeDa Technology has experienced a significant stock price increase, rising 3.36% to 15.09 CNY per share, with a total market capitalization of 1.628 billion CNY and a cumulative increase of 12.95% over the past five days [1] - HeDa Technology, established on October 11, 2000, and listed on July 27, 2021, specializes in providing comprehensive solutions for the informatization of the water industry, utilizing IoT, big data, and edge computing technologies [1] - The company's revenue composition includes: 53.65% from smart sensing terminals, 30.38% from overall solutions, 9.28% from water management systems, and 6.69% from technical services [1] Group 2 - From the perspective of HeDa Technology's top circulating shareholders, Huaxia Fund's Huaxia CSI 500 Index Enhanced A (007994) has entered the top ten circulating shareholders, holding 1.4909 million shares, which is 1.39% of the circulating shares [2] - The fund has generated a floating profit of approximately 730,500 CNY today and a total of 2,579,300 CNY during the five-day increase [2] - The fund manager, Sun Meng, has a total asset scale of 16.118 billion CNY, with a best fund return of 153.44% and a worst fund return of 21.12% during his tenure [2]

Group 1 - The Chinese storage chip industry is experiencing a surge in capital market activities, with companies like Zhaoyi Innovation successfully listing on the Hong Kong Stock Exchange, achieving an "A+H" dual capital layout [1][2] - Other companies such as Unisoc, Xincheng Technology, Hongxin Yu, and Dapu Micro are also pursuing listings through various capital markets, reflecting a broader trend of domestic storage manufacturers accelerating their technological breakthroughs and capitalizations [1][2] - The growth in the industry is driven by emerging demands from sectors like artificial intelligence (AI) and automotive electronics, indicating a high growth potential for the storage industry in China [1] Group 2 - Zhaoyi Innovation's market performance on its first day of trading showed a significant increase, with an opening price of 235 HKD per share, up 45.06% from the issue price, leading to a total market capitalization exceeding 310 billion RMB [2] - The company raised approximately 4.68 billion HKD through its global offering, with net proceeds of about 4.61 billion HKD, which will be used to enhance R&D capabilities, strategic investments, and global expansion [3][5] - Zhaoyi Innovation reported a revenue of 6.83 billion RMB for the first three quarters of 2025, marking a year-on-year increase of 20.92%, and a net profit of 1.08 billion RMB, up 29.59% [5] Group 3 - Unisoc has initiated its IPO preparation targeting the Beijing Stock Exchange, marking a strategic shift from the previous trend of semiconductor companies opting for the Sci-Tech Innovation Board [6][10] - The company has a history dating back to 2004 and has undergone several transformations, with its current focus on storage technology and integrated circuit design [12] - Unisoc's revenue has shown growth, with figures of 914 million RMB in 2023, 1.21 billion RMB in 2024, and 750 million RMB in the first half of 2025, indicating a recovery trajectory [12] Group 4 - Xincheng Technology, which previously attempted to list on the ChiNext board, is now pursuing an IPO on the Hong Kong Stock Exchange, reflecting a strategic pivot in its market approach [14][17] - The company specializes in general-purpose chips, with a focus on code-type flash memory chips and a diverse product line that includes analog chips and microcontrollers [17] - Xincheng Technology reported revenues of 663 million RMB in 2023, 442 million RMB in 2024, and 379 million RMB in the first three quarters of 2025, with a turnaround to profitability in 2025 [17] Group 5 - Hongxin Yu has submitted its listing application to the Hong Kong Stock Exchange, focusing on storage chip products with applications in consumer electronics and automotive electronics [19][22] - The company has established itself in the supply chains of major consumer electronics brands and is expanding into automotive electronics, with expectations for mass production of enterprise-level storage products by 2026 [22] - Hongxin Yu's revenue remained stable, with figures of 8.78 billion RMB in 2023, 8.72 billion RMB in 2024, and 7.74 billion RMB in the first three quarters of 2025, achieving profitability in 2024 [22] Group 6 - Dapu Micro has reached the "registration stage" for its IPO on the ChiNext board, focusing on enterprise-level SSD products for data centers [24][25] - The company has a strong market presence, with a reported compound annual growth rate of 57.66% in its main business revenue from 2022 to 2024, and a projected revenue of 961 million RMB in 2024 [26] - Dapu Micro plans to raise 1.878 billion RMB through its IPO to fund next-generation controller chip development and production testing facilities [26][27] Group 7 - The storage chip sector is seen as a cornerstone of the digital economy, with its domestic development closely tied to capital market dynamics, indicating a critical phase in China's semiconductor industry [28] - The ongoing integration of AI and IoT applications, coupled with support from capital markets, is expected to enhance the global influence of domestic storage manufacturers [28]