转自：北京日报客户端 1月8日，为期3天的首届哈尔滨国际冰雪经济博览会（简称"冰博会"）落下帷幕，吸引了来自20多个国 家和地区的300余家企业参展。 展厅内，一边是冰雪艺术呈现，一边是充满未来感的无人除雪机、碳纤维滑雪板、耐低温固态电池…… 业内人士分析，这不仅是一场展览，更是一个风向标：中国"带动三亿人参与冰雪运动"的成果，正从文 旅端"消费热"深度传导至供给端"制造强"。 1月6日， 在2026哈尔滨国际冰雪经济博览会冰雪装备展区，小朋友触摸制雪机现场制造的雪花。新华社发（张春 雷 摄） 科技赋能冰雪装备"中国芯" 冰博会现场，哈尔滨凡奇智能科技有限公司的展位，一款自带科幻感的滑雪镜，吸引不少观众围观、试 戴。 这一创新产品，源于哈尔滨工业大学教授李垚领衔的智能光热调控技术团队。公司行政总监张强介绍， 这款变色滑雪镜攻克了变色材料在低温下的活性难题，实现了完全自主知识产权，即便在低温极端环境 下，镜片依然能瞬时变色。 "现在的国产装备真是越来越好。"现场一名滑雪发烧友感叹道，这款滑雪镜集成蓝牙技术可连接手机， 镜片颜色随阳光强度自动调节，解决了滑雪者在阳光刺眼与阴影交替间频繁换镜的痛点。 本届冰博会上， ...

Core Viewpoint - The company, Xiyes Co., Ltd., is demonstrating confidence in the market by announcing a share buyback plan of 100 million to 200 million RMB, aimed at reducing registered capital and enhancing shareholder value [1][2]. Group 1: Share Buyback Plan - Xiyes Co., Ltd. plans to repurchase shares at a price not exceeding 21.19 RMB per share, with a total investment between 100 million and 200 million RMB, potentially acquiring approximately 471,920 to 943,840 shares, which represents 0.29% to 0.57% of the total share capital [2]. - The buyback is seen as a strategy to boost stock prices, as the current market price is 14.48 RMB per share, which is 46% lower than the buyback price cap [2]. Group 2: Financial Performance - In Q1 2025, Xiyes Co., Ltd. reported a revenue of 9.729 billion RMB, a year-on-year increase of 15.82%, and a net profit attributable to shareholders of 499 million RMB, up 53.08% [1][4][5]. - The company has shown a consistent improvement in its financial health, with a decrease in the debt-to-asset ratio from 61.53% in 2020 to 40.22% in Q1 2025 [3]. Group 3: Research and Development - Xiyes Co., Ltd. is committed to innovation, with R&D expenses increasing significantly over the years, reaching 75.22 million RMB in Q1 2025, a year-on-year rise of 9.12% [5]. - The company plans to invest 270 million RMB in collaboration with Yunnan Tin Holdings and New Materials Company to enhance the Tin-Indium Laboratory, which focuses on comprehensive research and development across the tin-indium industry chain [5][6].

Core Viewpoint - Yunnan Tin Company plans to increase capital in Yunnan Tin Indium Laboratory to enhance research and development capabilities through a joint investment with its parent company and a subsidiary, totaling 120 million yuan from Yunnan Tin Company, 30 million yuan from Yunnan Tin Group, and 120 million yuan from Yunnan Tin New Materials Company, resulting in a new shareholding structure [1][6][8] Group 1: Related Transaction Overview - The capital increase involves Yunnan Tin Company investing 120 million yuan, while Yunnan Tin Group and Yunnan Tin New Materials will invest 30 million yuan and 120 million yuan respectively, leading to a new shareholding structure of 40% for Yunnan Tin Group, 30% for Yunnan Tin Company, and 30% for Yunnan Tin New Materials in Yunnan Tin Indium Laboratory [1][6] - The transaction is classified as a related party transaction due to the ownership structure, with Yunnan Tin Group being the controlling shareholder of Yunnan Tin Company [2][3] - The board of directors approved the transaction unanimously, and it does not require shareholder meeting approval as per relevant regulations [2][3] Group 2: Financial and Operational Details - The registered capital of Yunnan Tin Indium Laboratory will increase from 13 million yuan to 40 million yuan following the capital increase [6][8] - The valuation of Yunnan Tin Indium Laboratory was assessed at 1,821.46 million yuan, reflecting a 359.66% increase in value, despite a negative net asset value of -701.48 million yuan [6][8] - The capital increase aims to strengthen the laboratory's role as a provincial-level high-energy technology innovation platform, focusing on the entire tin-indium industry chain [8][9] Group 3: Strategic Implications - The investment is expected to enhance the collaborative research and development efforts between Yunnan Tin Company and Yunnan Tin Indium Laboratory, thereby improving the company's technological innovation foundation and competitive advantage [8][9] - The laboratory aims to address key technological challenges in the tin-indium industry and promote the integration of innovation and industrial chains [8][9]