Core Viewpoint - The company plans to establish a wholly-owned subsidiary in Hainan, with an investment not exceeding 200 million RMB [1] Group 1: Company Investment - The subsidiary is tentatively named Xinya Electronics (Hainan) Co., Ltd [1] - The investment amount is capped at 200 million RMB [1] - The board meeting to approve this investment was held on January 14, 2026 [1] Group 2: Regulatory Compliance - The investment does not require approval from the company's shareholders' meeting according to the Shanghai Stock Exchange listing rules and the company's articles of association [1] - The investment does not constitute a related party transaction or a major asset reorganization [1]

Investment Rating - The report gives a "Buy" rating for the company, Far East Holdings (600869.SH) [5] Core Views - Far East Holdings has established itself as a global service provider in smart energy and smart city solutions, focusing on three main industries: smart cables, smart batteries, and smart airports [2][15] - The company is expected to achieve steady revenue growth driven by its core business in smart cables and the expansion into emerging markets [10][11] Summary by Relevant Sections Company Overview - Far East Holdings is a subsidiary of Far East Holding Group, focusing on smart cables, smart batteries, and smart airports, and has become a leader in the global smart energy and smart city service market [2][15] Smart Airport Business - The global airport infrastructure market is projected to grow from USD 77.85 billion in 2022 to USD 139.14 billion by 2030, with a CAGR of 7.5% [3] - The smart airport segment achieved revenue of CNY 1.267 billion in the first three quarters of 2025, a year-on-year increase of 15.75%, with net profit rising by 47.88% to CNY 111 million [3][68] Smart Cable Business - The smart cable segment generated revenue of CNY 17.826 billion in the first three quarters of 2025, reflecting a year-on-year growth of 9.59%, with net profit increasing by 8.69% to CNY 315 million [9][31] - The company has secured contracts worth CNY 177.64 billion, marking a 13.95% increase year-on-year [31] Smart Battery Business - The smart battery segment reported revenue of CNY 1.039 billion in the first three quarters of 2025, a significant year-on-year growth of 30.92%, although it still recorded a net loss of CNY 256 million [57] - The company has established a complete supply chain from cell technology to energy storage system integration, focusing on high-end industries and accelerating overseas expansion [57][60] Financial Forecasts - Revenue projections for 2025-2027 are CNY 296.49 billion, CNY 344.28 billion, and CNY 400.12 billion, with year-on-year growth rates of 13.6%, 16.1%, and 16.2% respectively [4][76] - The net profit for the same period is expected to be CNY 2.34 billion, CNY 6.57 billion, and CNY 10.72 billion, with growth rates of 173.6%, 180.7%, and 63.2% respectively [4][76] Valuation Analysis - The report indicates that the company's future PE ratios for 2025-2027 are 101x, 36x, and 22x, which are below the industry average, suggesting investment potential [4][78]

Group 1 - The core point of the article highlights that Jingda Co., Ltd. has achieved a record trading volume of 2.865 billion yuan, marking a new high since its listing [2] - The latest stock price of Jingda Co., Ltd. has decreased by 5.34%, with a turnover rate of 9.36% [2] - The trading volume on the previous trading day was reported at 2.601 billion yuan [2]

Core Viewpoint - Zhongchao Holdings (002471) aims to promote healthy operations and rapid high-quality development to create more benefits for shareholders [1] Group 1 - The highest stock price of Zhongchao Holdings was 47.66 yuan on June 12, 2015 [1] - The registered capital of the company was 50.72 million yuan at that time [1] - Currently, the registered capital has increased to 136.876 million yuan [1]

（编辑 丛可心） 证券日报网讯 1月13日，长缆科技发布公告称，公司预计2025年归属于上市公司股东的净利润盈利13， 000万元至16，000万元，比上年同期7，468.20万元上升74.07%至114.24%。 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——"春节也要加班，抢在4月1日前交货"！有光伏企业在抢出口，也有企业很 纠结：白银等原材料成本激增，决策困难 每经AI快讯，长缆科技1月13日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润1.3亿元 ~1.6亿元，同比增长74.07%~114.24%；基本每股收益0.76元~0.93元。业绩变动主要原因是，鉴于当前 公司经营所面临的内外部环境发生了较大变化及第一期员工持股计划和第二期员工持股计划之第一个解 锁期及第二个解锁期业绩考核目标均未成就并预计2025年度第三个解锁期不能达到员工持股计划的业绩 考核目标。根据《企业会计准则第11号——股份支付》中权益工具因未满足提前设定的可行权条件，则 累计确认的股份支付费用全部作废冲回当期损益，且2025年不确认股份支付费用。2025年公司冲回当期 损益约1.15亿元，考虑所得税费用影响后归属于上市公司股东的净利润的影响金额为9797.59万元。 ...

每经头条（nbdtoutiao）——"春节也要加班，抢在4月1日前交货"！有光伏企业在抢出口，也有企业很 纠结：白银等原材料成本激增，决策困难 每经AI快讯，长缆科技1月13日晚间发布公告称，公司第五届第十六次董事会会议于2026年1月13日以 现场及通讯方式召开。会议审议了《关于聘任高级管理人员的议案》等文件。 （记者 王瀚黎） ...

智通财经APP讯，长缆科技(002879.SZ)发布2025年度业绩预告，预计2025年度归属于上市公司股东的净 利润1.3亿元至1.6亿元，同比增长74.07%-114.24%。 ...

格隆汇1月13日｜长缆科技(002879.SZ)公告称，长缆科技发布2025年度业绩预告，预计归属于上市公司 股东的净利润为1.3-1.6亿元，比上年同期增长74.07%-114.24%。基本每股收益为0.76元/股–0.93元/股。 ...

Group 1 - Zhongchao Holdings (002471.SZ) experienced a significant decline of 9.07% after hitting the daily limit yesterday, with a turnover rate of 35.3% and a transaction volume of 4.064 billion yuan [1] - The data from the Dragon and Tiger list indicates that the Shenzhen Stock Connect bought 210 million yuan and sold 163 million yuan, resulting in a net purchase of 46.87 million yuan [1] - Two institutions bought 41.05 million yuan and sold 176 million yuan, leading to a net sell of 135 million yuan, while retail investors labeled "Xiaoxianpai" ranked first in selling, with a net sell of 205 million yuan [1] Group 2 - The top five buying entities included the Shenzhen Stock Connect with a purchase amount of 209.72 million yuan, accounting for 5.16% of the total transaction [1] - The top five selling entities included an institution from Yichang with a sell amount of 205.38 million yuan, representing 5.06% of the total transaction [1] - The overall net sell from the top five buying and selling entities amounted to 379.30 million yuan, with total buying of 422.56 million yuan and total selling of 801.86 million yuan [1]