Group 1 - The core viewpoint of the news is that Hengtong Optic-Electric has shown fluctuations in stock performance, with a slight increase in stock price on January 14, 2025, and a mixed trend in trading volume and capital flow [1] - As of January 14, 2025, Hengtong Optic-Electric's stock price was 24.54 yuan per share, with a total market capitalization of 605.34 billion yuan [1] - The company has experienced a year-to-date stock price decline of 0.77%, a 5-day decline of 1.52%, a 20-day increase of 20.18%, and a 60-day increase of 19.13% [1] Group 2 - For the period from January to September 2025, Hengtong Optic-Electric achieved operating revenue of 49.621 billion yuan, representing a year-on-year growth of 17.03%, and a net profit attributable to shareholders of 2.376 billion yuan, up 2.64% year-on-year [2] - The company has distributed a total of 2.614 billion yuan in dividends since its A-share listing, with 1.121 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders increased to 191,800, with an average of 12,747 circulating shares per shareholder, a decrease of 15.68% from the previous period [2][3]

Market Overview - The A-share market experienced a collective pullback on January 13, with the Shanghai Composite Index ending a 17-day winning streak, closing down by 0.64% [1] - The Shenzhen Component Index fell by 1.37%, and the ChiNext Index decreased by 1.96%, with a total trading volume of 3.7 trillion yuan, setting a new historical record [1][2] Sector Performance - Multiple sectors faced significant declines, particularly in commercial aerospace and satellite internet, with nearly 100 stocks dropping over 8% [4] - The large aircraft and military sectors also saw declines, with stocks like Zhongtian Rocket and Leike Defense hitting the daily limit down [4] - The controlled nuclear fusion sector experienced a downturn, with Wangzi New Materials hitting the daily limit down [4] - The communication equipment sector fell, with stocks like Changjiang Communication hitting the daily limit down [4] Stock Movements - Over 1,600 stocks rose, with more than 70 stocks hitting the daily limit up [4] - The commercial aerospace concept stocks suffered heavy losses, with over 60 stocks hitting the daily limit down or dropping more than 10% [4] - Specific stocks such as Aerospace Electronics and Beidou Star Communication saw significant declines, with many military stocks also hitting the daily limit down [6] Investment Insights - The market sentiment has shifted from hesitation to active allocation, driven by a consensus on the current market rally [10] - Investors are advised to avoid speculative risks in popular sectors, particularly in commercial aerospace, and to focus on policy and industry resonance themes such as technological innovation and high-end manufacturing [11] - Key investment areas include sectors with performance support, such as overseas computing power, storage, consumer electronics, and wind energy storage, which still have room for low-cost allocation [10][11]

来源：新浪证券-红岸工作室 1月13日，联特科技涨5.40%，成交额31.91亿元，换手率25.83%，总市值229.74亿元。 异动分析 共封装光学(CPO)+5G+芯片概念+数据中心+人民币贬值受益 1、2022年12月8日互动易回复：公司拥有了光芯片集成、高速光器件以及高速光模块设计、生产的核心 能力，在高速信号设计和仿真、光学仿真和光耦合工艺领域掌握了相关核心技术。公司目前研发的有基 于EML（电吸收调制激光器）、SIP（硅光）、TFLN（薄膜铌酸锂）调制技术的800G光模块，以及用 于下一代产品NPO（近封装光学）/CPO（共封装光学）所需的高速光连接技术、激光器技术和芯片级 光电混合封装技术等。 4、公司的光模块低功耗设计技术，通过独特的电路设计和算法优化，显著降低光模块产品功耗，在 5G 通信和数据中心应用领域具有突出优势。公司产品是数据中心和 5G 通信应用领域的上游关键部件 5、根据2024年年报，公司海外营收占比为89.07%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 2、光模块目前主要应用市场包括数通市场、电信市场和新 ...

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing fluctuations in stock performance, with a recent drop of 6.16% and a total market capitalization of 18.335 billion yuan. The company is positioned as a key player in the high-speed cable and optical fiber sectors, benefiting from the depreciation of the RMB and expanding its overseas market presence [1][3]. Group 1: Company Performance - The company reported a revenue of 1.518 billion yuan for the period from January to September 2025, reflecting a year-on-year growth of 13.28% [7]. - The net profit attributable to the parent company for the same period was 138 million yuan, showing a significant increase of 53.82% year-on-year [7]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing, with 82.34 million yuan distributed over the past three years [8]. Group 2: Market Position and Products - The company has established itself as a core partner for international leading interconnect solution providers in the active cable (AEC) sector, leveraging its technological expertise in high-speed cables [2]. - It offers a range of optical products, including fiber jumpers and connectors, primarily serving high-end projects in finance, education, and healthcare, while also expanding into overseas markets [2]. - The company is one of the few in China capable of designing and manufacturing data cables that meet the new transmission requirements of the 5G era [2]. Group 3: Financial and Technical Analysis - The average trading cost of the company's shares is 55.18 yuan, with the stock price approaching a resistance level of 53.91 yuan, indicating potential for upward movement if this level is surpassed [6]. - The company has a significant overseas revenue share of 61.93%, benefiting from the depreciation of the RMB [3]. - The stock has seen a net outflow of 84.1585 million yuan from major investors recently, indicating a lack of clear trend in major holdings [4][5].

Market Overview - A-shares experienced a collective pullback on January 13, with the Shanghai Composite Index ending a 17-day winning streak, closing down 0.64% [1] - The total trading volume in the Shanghai and Shenzhen markets reached a historical high of 3.7 trillion [1] Sector Performance - Significant declines were observed in various sectors, including commercial aerospace, satellite internet, and military industries, with many stocks dropping over 8% [3] - The large aircraft and military sectors also faced downturns, with several stocks hitting the daily limit down [3] - The commercial aerospace index fell by 6.15%, with a net outflow of 230.78 billion [4] Individual Stock Movements - Over 1,600 stocks rose, with more than 70 stocks hitting the daily limit up, while the commercial aerospace sector saw over 60 stocks limit down or drop more than 10% [3] - Specific stocks such as Aerospace Electronics and Beidou Star Communication experienced significant declines, with many stocks in the sector down by nearly 10% [7] Investment Insights - Analysts suggest that the current market sentiment may indicate a nearing peak, with potential for further structural upward trends despite short-term volatility [12] - Key investment strategies include avoiding speculative risks in popular sectors, focusing on policy-driven industries, and maintaining diversified portfolios to balance risk and return [14] - The emphasis is on sectors with strong earnings growth and valuation alignment, particularly in technology manufacturing and innovative healthcare [14]

A股三大指数今日集体下挫，截至收盘，沪指跌0.64%报4138点，深证成指跌1.37%，创业板指跌 1.96%，北证50指数跌2.5%。全市场成交额3.7万亿元创历史最高记录，较前一交易日增量542亿元，超 3700股下跌。 盘面上，多家公司公告提示风险，商业航天、卫星互联网板块大退潮，航天电子、中国卫通、航天科技 等近百股跌超8%；大飞机、军工板块走低，中天火箭、雷科防务等多股跌停；可控核聚变板块下挫， 王子新材跌停；通信设备板块走低，长江通信跌停；北斗导航、量子科技、3D打印、CPO概念及F5G概 念等跌幅居前。另外，医药股普涨，重组蛋白、CRO及医疗服务等方向领涨，百花医药、博济医药等 多股涨停；贵金属板块走高，晓程科技涨超8%；辉瑞表示预计将在2028年推出GLP-1减肥药物，减肥 药板块拉升，普洛药业逼近涨停；创新药、锂矿概念及游戏等板块涨幅居前。(格隆汇) 务受光伏行业竞争加剧影响，市场不及预期 中天火箭(003009.SZ)：目前公司相关高导热材料向相关业 务的客户有小批量供货 相关事件 航天电子(600879.SH)：股票击鼓传花效应明显，存在短期大幅下跌的风险，交易风险极大 A股异动丨 商业 ...

1月13日，华懋科技盘中下跌2.01%，截至10:30，报61.92元/股，成交3.27亿元，换手率1.57%，总市值 204.02亿元。 资金流向方面，主力资金净流出2024.96万元，特大单买入2276.80万元，占比6.97%，卖出3784.64万 元，占比11.59%；大单买入9338.36万元，占比28.59%，卖出9855.48万元，占比30.18%。 华懋科技今年以来股价跌1.73%，近5个交易日跌1.70%，近20日涨0.80%，近60日涨32.08%。 资料显示，华懋(厦门)新材料科技股份有限公司位于福建省厦门市集美区后溪镇苏山路69号，成立日期 2002年5月16日，上市日期2014年9月26日，公司主营业务涉及从事汽车安全气囊布和安全气袋的研发、 生产及加工。主营业务收入构成为：安全气袋66.23%，安全气囊布26.44%，其他4.16%，安全带 3.15%，租赁收入0.03%。 责任编辑：小浪快报 华懋科技所属申万行业为：汽车-汽车零部件-车身附件及饰件。所属概念板块包括：光通信、CPO概 念、理想汽车概念、先进封装、IDC概念（数据中心）等。 截至9月30日，华懋科技股东户数2.85 ...

1月13日，中天科技盘中下跌2.04%，截至10:14，报18.23元/股，成交9.61亿元，换手率1.53%，总市值 622.18亿元。 责任编辑：小浪快报 资金流向方面，主力资金净流出1.50亿元，特大单买入5161.16万元，占比5.37%，卖出1.39亿元，占比 14.43%；大单买入1.86亿元，占比19.37%，卖出2.49亿元，占比25.96%。 中天科技今年以来股价涨0.61%，近5个交易日跌0.16%，近20日涨3.05%，近60日涨7.87%。 资料显示，江苏中天科技股份有限公司位于江苏省南通市经济技术开发区齐心路88号，成立日期1996年 2月9日，上市日期2002年10月24日，公司主营业务涉及通信、电力、海洋、新能源、新材料等领域产品 的生产与销售,及有色金属贸易等经营活动。主营业务收入构成为：电网建设41.17%，铜产品17.44%， 光通信及网络16.84%，新能源14.57%，海洋系列7.58%，其他1.39%，其他(补充)1.00%。 中天科技所属申万行业为：通信-通信设备-通信线缆及配套。所属概念板块包括：光纤光缆、CPO概 念、光通信、直流输电、超导概念等。 截至9月30 ...

分红方面，亨通光电A股上市后累计派现26.14亿元。近三年，累计派现11.21亿元。 机构持仓方面，截止2025年9月30日，亨通光电十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股7874.03万股，相比上期增加1423.57万股。南方中证500ETF（510500）位居第五大流通股 东，持股2873.42万股，相比上期减少60.05万股。广发高端制造股票A（004997）退出十大流通股东之 列。 资料显示，江苏亨通光电股份有限公司位于江苏省苏州市吴江区中山北路2288号，成立日期1993年6月5 日，上市日期2003年8月22日，公司主营业务涉及通信网络和能源互联领域高端技术、产品研发生产及 系统集成服务,全球海缆通信网络的建设业务。主营业务收入构成为：智能电网36.98%，铜导体 25.02%，工业与新能源智能11.28%，光通信10.94%，海洋能源与通信9.57%，其他5.33%，其他(补 充)0.88%。 亨通光电所属申万行业为：通信-通信设备-通信线缆及配套。所属概念板块包括：光纤光缆、F5G、智 慧水务、光通信、CPO概念等。 截至9月30日，亨通光电股东户数19.18万，较上期 ...

资金流向方面，主力资金净流出364.11万元，特大单买入1215.85万元，占比8.42%，卖出1474.54万元， 占比10.21%；大单买入3949.07万元，占比27.35%，卖出4054.49万元，占比28.08%。 杰普特今年以来股价跌5.11%，近5个交易日跌2.00%，近20日跌16.71%，近60日涨1.64%。 资料显示，深圳市杰普特光电股份有限公司位于广东省深圳市龙华区观湖街道鹭湖社区观盛五路8-1号 科姆龙科技园A栋1201，成立日期2006年4月18日，上市日期2019年10月31日，公司主营业务涉及研 发、生产和销售激光器以及主要用于集成电路和半导体光电相关器件精密检测及微加工的智能装备。主 营业务收入构成为：激光器53.32%，激光/光学智能装备38.19%，其他主营业务6.61%，光纤器件 1.81%，其他(补充)0.07%。 1月13日，杰普特盘中下跌2.08%，截至10:12，报134.34元/股，成交1.44亿元，换手率1.12%，总市值 127.69亿元。 截至9月30日，杰普特股东户数7160.00，较上期增加8.35%；人均流通股13275股，较上期减少7.71%。 ...