炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 4千亿果链巨头，紧急公告澄清 记者丨李益文 编辑丨叶映橙 21财经《辟谣财知道》注意到，1月3日晚，"果链"龙头立讯精密（002475.SZ）在其微信公众号发布《关于近期不实传闻的澄清说明》。 立讯精密称，近日，市场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。公司特此说明：目前公司核心业务推进有序，按计划正常开展，不 存在影响公司正常经营与发展的异常情况。 据媒体此前报道，有供应链消息称，OpenAI首款AI终端硬件产品原本计划交由供应链标杆企业立讯精密代工，转而独家委托鸿海代工生产。该产品终端 应用形态可能为智能笔或便携式音频设备，目前已进入新品设计阶段，计划于2026年或2027年推出。 更早之前9月份，OpenAI被曝已与立讯精密签署协议，共同开发消费级AI硬件设备，立讯精密将负责至少一款产品的组装。据了解，该款设备目前仍处于 原型开发阶段，预计能与OpenAI的人工智能模型深度协作。 受此消息影响，立讯精密总市值一度突破5000亿元。 在澄清说明中，立讯精密称，公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的 ...

Core Viewpoint - Recent rumors regarding Lixun Precision (立讯精密) have been clarified by the company, stating that its core business operations are proceeding as planned without any abnormal situations affecting its normal operations [1][3]. Group 1: Business Operations - Lixun Precision emphasizes that its core business is progressing smoothly and is on track, with no disruptions to its operations [1]. - The company has a strong vertical integration capability in high-end consumer electronics and smart terminal sectors, supported by mature product engineering and mass production experience [3]. Group 2: Strategic Developments - The company is expanding its automotive segment, focusing on core components such as wiring harnesses and connectors, and has recently completed an acquisition of Germany's Leoni to enhance its global production capacity [4]. - Lixun Precision plans to increase strategic investments in emerging fields such as AI hardware, data center interconnectivity, thermal management, smart vehicles, and robotics [4]. Group 3: Financial Performance - The company forecasts a net profit attributable to shareholders of between 16.518 billion and 17.186 billion yuan for 2025, representing a year-on-year growth of 23.59% to 28.59% [4]. - As of December 31, 2025, Lixun Precision's stock price was reported at 56.71 yuan per share, with a market capitalization of 413.2 billion yuan [5].

Core Viewpoint - The company Lixun Precision (立讯精密) has issued a clarification regarding recent rumors that have affected market perception, asserting that its core business operations are proceeding as planned without any abnormal impacts on its normal operations [1][3]. Business Operations and Developments - Lixun Precision is actively engaged in high-end consumer electronics and smart terminal sectors, showcasing its vertical integration capabilities and mature production experience across various product lines [3]. - The company has a focus on the automotive sector, particularly in harnesses and connectors, and is expanding into system-level products such as smart cockpits and autonomous driving systems [4]. - A recent acquisition of German company Leoni has been completed to enhance global production capacity and strengthen partnerships with global automotive brands [4]. Financial Performance and Projections - Lixun Precision anticipates a net profit attributable to shareholders of between 16.518 billion and 17.186 billion yuan for 2025, representing a year-on-year growth of 23.59% to 28.59% [4]. - The growth is attributed to the company's global strategy, effective utilization of overseas production bases, and innovations in cost control and smart manufacturing [4]. Market Position and Future Strategy - The company aims to increase investments in emerging fields such as AI hardware, data center connectivity, thermal management, smart vehicles, and robotics to build a more resilient business matrix [4]. - Lixun Precision's stock price was reported at 56.71 yuan per share, with a market capitalization of 413.2 billion yuan as of December 31, 2025 [4].

招股书显示，天博智能成立于2001年9月，是行业内知名的汽车热管理系统零部件制造商，并拓展了汽 车声学部件等业务，公司主营产品主要应用于汽车领域。2024年中国汽车销量前十位的车企集团均是公 司的当期客户。 根据弗若斯特沙利文的研究，公司主要核心产品汽车调温器、汽车智能水阀、汽车温度传感器及AVAS 在行业内均处于领先地位，2024年国内市场占有率（按收入口径）分别位列行业第1名、第2名、第4名 和第2名。 本次IPO，天博智能拟使用募集资金20.57亿元，分别用于智能热管理部件及系统制造建设项目、汽车热 管理系统及核心元器件生产基地扩产技术改造项目、天博研发中心建设项目、信息化中心升级建设项 目。 瑞财经 王敏 12月31日，据上交所官网，天博智能科技（山东）股份有限公司（以下简称"天博智能"） 沪主板IPO获受理，保荐机构为中信建投，保荐代表人为鄢让、郝勇超。 公司的实际控制人为吕新民、吕亚玮父子。 吕新民直接持有发行人股份1,601.50万股、占发行人股份总数的17.79%；通过天博投资间接持有发行人 15.56%的股份，合计持有发行人33.35%的股份。吕亚玮通过天博投资间接持有发行人11.50%的股 ...

(1) r to the result of ER A and and 0 2026年1月1日，东安动力发布2025年12月份产销数据快报。公告显示，公司当月及全年发动机、变速器产品产销呈现差异化发展态势，其中发动机全年累计 销量同比实现显著增长，变速器全年累计产销亦保持增长势头。 | 产品 | 销量 | | | | | | 产量 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 上年 | 増減比 | 本年 | 上年同 | 增减比 | 本月 | 上年 | 增减比 | 本年 | 上年同 | 増减比 | | | | 同期 | 例 (%) | 累计 | 期累计 | 例 (%) | | 同期 | 例 (%) | 累计 | 期累计 | 例(%) | | 发动机 | 42392 | 41093 | 3. 16 | 432886 | 363548 | 19. 07 | 41073 | 41885 | -1.94 | 461828 | 388548 | 18. 86 | | ...

21财经《辟谣财知道》注意到，1月3日晚，"果链"龙头立讯精密（002475.SZ）在其微信公众号发布《关于近期不实传闻的澄清说明》。 立讯精密称，近日，市场上出现涉及公司的不实传闻，相关内容对市场认知造成干扰。公司特此说明：目前公司核心业务推进有序，按计划正常开展，不存 在影响公司正常经营与发展的异常情况。 据媒体此前报道，有供应链消息称，OpenAI首款AI终端硬件产品原本计划交由供应链标杆企业立讯精密代工，转而独家委托鸿海代工生产。该产品终端应 用形态可能为智能笔或便携式音频设备，目前已进入新品设计阶段，计划于2026年或2027年推出。 更早之前9月份，OpenAI被曝已与立讯精密签署协议，共同开发消费级AI硬件设备，立讯精密将负责至少一款产品的组装。据了解，该款设备目前仍处于原 型开发阶段，预计能与OpenAI的人工智能模型深度协作。 受此消息影响，立讯精密总市值一度突破5000亿元。 在澄清说明中，立讯精密称，公司长期深耕高端消费电子与智能终端领域，具备多品类零部件的垂直整合能力、成熟的产品工程与量产经验，以及覆盖多区 域的全球化产能布局，能够为不同类型客户提供稳定、灵活且高品质的制造与供应支持。 ...

工厂产线开足马力、 建设现场热火朝天...... 元旦假期， 两江新区众多企业抓生产， 项目忙建设， 力争跑出"开门红"。 凌云西南工业有限公司 在位于两江新区鱼复片区的凌云西南工业有限公司（以下简称"凌云西南"）生产车间内，机械臂不停舞动、焊花飞溅。 ▲生产车间（企业供图） "元旦期间，公司生产一线约400名员工在岗，投入多个车型新能源电池壳生产作业，该产品主要用于各主机厂新能源汽车使用。"凌云西南生产部经理方 德树说。 共有京东方、康宁、奥特斯、 日立能源等86家企业， 凌云西南主营产品聚焦汽车车身关键零部件，涵盖高强度及超高强度钢板冷成型冲焊件、辊压成型件、辊压钢制电池壳等，主要为长安汽车、长安福特、 东风小康、上汽通用五菱、大众、神龙等国内外知名主机厂提供配套服务，是西南地区汽车产业链的重要配套力量。 华邦制药 ··· 在华邦制药水土厂区生产车间内，生产人员正有条不紊地忙碌着，复方倍他米松注射液、注射用利福平等产品有序下线...... ▲生产车间（企业供图） 作为国家级"绿色工厂"，公司拥有11个全流程智能化生产车间。华邦制药制造中心综合部经理张霜介绍，因订单需求，假期部分产线仍持续生产，约50人 坚 ...

Core Viewpoint - Recently, Lixun Precision issued a clarification regarding false rumors affecting the company, stating that its core business is progressing as planned without any abnormal situations impacting operations [1] Group 1: Company Operations - Lixun Precision emphasized that it will pursue legal action against any individuals or entities spreading false information or damaging the company's reputation [1] - The company has a strong presence in the high-end consumer electronics and smart terminal sectors, with vertical integration capabilities across multiple component categories and a mature product engineering and mass production experience [5] - Lixun Precision's global production capacity is well-established, providing stable, flexible, and high-quality manufacturing and supply support to various clients [5] Group 2: Business Developments - The company is actively involved in the communications computing sector, focusing on four product lines: electrical connectivity, optical connectivity, thermal management, and power management [5] - Lixun Precision is expanding its automotive segment, focusing on core components such as wiring harnesses and connectors, and has recently completed the acquisition of Germany's Leoni to enhance its global production capacity [5] Group 3: Financial Performance - For Q3 2025, Lixun Precision reported revenue of 96.41 billion, a year-on-year increase of 31.03%, and a net profit of 4.87 billion, up 32.49% [5] - In the first three quarters, the company achieved revenue of 220.92 billion, reflecting a year-on-year growth of 24.69%, with a net profit attributable to shareholders of 11.52 billion, increasing by 26.92% [5]

免责申明：华安证券股份有限公司经中国证券监督管理委员会批准，已具备证券投资咨询业务资格。本报告中的信息均来源于合规渠道，华安证券研究所力求准确、可靠，但对这些信息的准确性及完整性均不做任何保证，据此投资，责任自负。 本报告不构成个人投资建议，也没有考虑到个别客户特殊的投资目标、财务状况或需要。客户应考虑本报告中的任何意见或建议是否符合其特定状况。华安证券及其所属关联机构可能会持有报告中提到的公司所发行的证券并进行交易，还可能为这些公司提供投资银行服务或其他服务。 本报告仅向特定客户传送，未经华安证券研究所书面授权，本研究报告的任何部分均不得以任何方式制作任何形式的拷贝、复印件或复制品，或再次分发给任何其他人，或以任何侵犯本公司版权的其他方式使用。如欲引用或转载本文内容，务必联络华安证券研究所并获得许可，并需注明出处为华安证券研究所，且不得对本文进行有悖原意的引用和删改。如未经本公司授权，私自转载或者转发本报告，所引 起的一切后果及法律责任由私自转载或转发者承担。本公司并保留追究其法律责任的权利。 分析师声明：本报告署名分析师具有中国证券业协会授予的证券投资咨询执业资格，以勤勉的执业态度、专业审慎的研究方法，使 ...

Core Viewpoint - The company, Luxshare Precision (002475), has issued a clarification regarding recent false rumors that have disrupted market perception, asserting that its core business operations are proceeding as planned without any abnormal situations affecting normal operations [1] Group 1: Business Operations - The company is deeply engaged in the high-end consumer electronics and smart terminal sectors, possessing vertical integration capabilities across multiple component categories, mature product engineering, and mass production experience [1] - Luxshare has a global production layout covering multiple regions, enabling it to provide stable, flexible, and high-quality manufacturing and supply support to various clients [1] Group 2: Technological Development - In the communications computing sector, the company is focused on four product lines: electrical connectivity, optical connectivity, thermal management, and power management, driven by technology [1] - The company is advancing its product development through a three-tier approach: applying current technologies, developing next-generation solutions, and conducting pre-research for future innovations [1] Group 3: Automotive Sector - The automotive segment focuses on core components such as wiring harnesses and connectors, while also expanding into system-level products for smart cockpits, assisted driving, smart chassis, and power systems [1] - Recently, the company completed the acquisition of Germany's Leoni, further enhancing its global production layout and advancing collaborations with global automotive brands, aiming to rank among the top ten global automotive parts suppliers [1] Group 4: Legal Stance - The company reserves the right to pursue legal action against any individuals or entities that fabricate facts, spread rumors, or maliciously damage its reputation [1]