Group 1 - Tongyu Communication's subsidiary Zhonghong Tongyu plans to introduce Wuhan Wuchuang Institute as an investor through a capital increase of 10 million yuan, raising its registered capital from 200 million yuan to 210 million yuan, and reducing Tongyu's shareholding from 90% to 85.7143% [1] - Sanli Pharmaceutical signed a technology transfer contract with Hainan University to acquire the patent rights for the HXW2324 compound, aimed at developing new Alzheimer's disease treatments, for a total price of 200 million yuan [2] - Ningbo Huaxiang's subsidiary signed a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to enhance collaboration in the development and manufacturing of general humanoid robot dexterous hands [3] Group 2 - Dook Culture announced a potential change in control, leading to a temporary suspension of its stock trading starting December 22, 2025, to ensure fair information disclosure [4] - Nanya New Materials plans to raise no more than 900 million yuan through a private placement to fund AI-based high-frequency copper-clad laminate projects and supplement working capital [5] - Hexing Packaging's major shareholder reduced their stake by 700,000 shares during a period of stock price volatility, consistent with previously disclosed plans [6] Group 3 - Yongding Co. plans to increase capital and introduce external investors, including Cambridge Technology, with a total cash increase of 55 million yuan, resulting in a decrease in its shareholding in Dingxin Optoelectronics [7] - ChaoSheng Electronics intends to invest 1 billion yuan in a high-performance HDI printed circuit board expansion and upgrade project, expecting to add an annual production capacity of 240,000 square meters [8] - Lingyi ZhiZao signed an agreement to acquire 35% of the shares of Limin Da for 875 million yuan, gaining control over 52.78% of the voting rights in the company [10] Group 4 - Sanhua Intelligent Control forecasts a net profit of 3.874 billion to 4.649 billion yuan for 2025, representing a year-on-year growth of 25% to 50% [11] - Aolian Electronics announced a potential change in control due to the planned transfer of shares by its major shareholder, leading to a temporary stock suspension starting December 22, 2025 [12]

Group 1 - The company, Nanya New Materials (688519.SH), announced a plan to issue shares to specific investors, aiming to raise a total of no more than 900 million yuan (including the principal) [1] - The net proceeds from the fundraising, after deducting issuance costs, are intended for investment in the research and industrialization of AI-powered high-frequency high-speed copper-clad laminates, as well as to supplement working capital [1]

本报讯 （记者袁传玺）天眼查工商信息显示，近日，国联芯材（北京）科技有限公司成立，经营范围 含电子专用材料研发、电子专用设备制造、电子专用设备销售、信息咨询服务等。股东信息显示，该公 司由国联汽车动力电池研究院有限责任公司、宁德时代（300750）、中国有研科技集团有限公司、北京 材芯合赢科技合伙企业（有限合伙）共同持股。 ...

12月22日，欧陆通涨5.21%，截至发稿，报216.86元/股，成交9.02亿元，换手率3.90%，总市值238.24亿 元。 汇安信泰稳健一年持有期混合A（012479）基金经理为张昆。 截至发稿，张昆累计任职时间5年92天，现任基金资产总规模180.04亿元，任职期间最佳基金回报 19.72%， 任职期间最差基金回报-3.7%。 资料显示，深圳欧陆通电子股份有限公司位于广东省深圳市宝安区航城街道三围社区航城大道175号南 航明珠花园1栋19号，成立日期1996年5月29日，上市日期2020年8月24日，公司主营业务涉及开关电源 产品的研发、生产与销售。主营业务收入构成为：计算机、通信和其他电子设备制造业99.57%，其他 (补充)0.43%。 从基金十大重仓股角度 数据显示，汇安基金旗下1只基金重仓欧陆通。汇安信泰稳健一年持有期混合A（012479）三季度持有 股数500股，占基金净值比例为0.19%，位居第十大重仓股。根据测算，今日浮盈赚取约5370元。 汇安信泰稳健一年持有期混合A（012479）成立日期2021年11月9日，最新规模2389.19万。今年以来收 益1.16%，同类排名7718/81 ...

【环球网科技综合报道】12月22日消息，洛图科技（RUNTO）最新发布的报告显示，2025年11月，中国大陆电竞显示器线上公开零售市场（不含抖 快等内容电商）销量为73万台，销额为8亿元，同比均增长10.1%；均价与去年同期基本持平。 洛图科技（RUNTO）表示，产品核心指标的特征是：主流规格趋稳、高端技术渗透加速。2025年前11个月，180Hz刷新率仍是市场主流，销量占比 为27%；240Hz及以上高刷新率产品市场的销量份额较去年同期提升了24个百分点，至38%。 此外，双模显示器成为年度市场亮点。根据洛图科技（RUNTO）线上数据显示，2025年前11个月，双模产品在线上市场的销量同比增幅接近380%。 在11月的线上零售市场，品牌格局延续了上月的稳定态势，AOC、HKC、SANC稳居销量前三甲。此外，TOP10品牌中，小米表现突出，以最高的销 量增速领跑；ROG、AOC亦稳健增长，增速分别达42%、27%。（思瀚） ...

在A股持续围绕科技主线演绎的2025年，部分公募机构调整定增策略，将资金密集投向硬科技与新兴产 业，此举已初见成效。数据显示，相关投资目前浮盈逾百亿元，其中对电子、医药生物等行业的重点布 局功不可没。公募排排网数据显示，按定增上市日统计，截至2025年12月21日，今年以来共有39家公募 机构参与85家A股公司定增，合计获配金额达340.88亿元，同比增长13.85%。按当日收盘价统计，目前 公募定增浮盈金额达107.42亿元，整体浮盈比例达31.51%。 点评：2025年公募定增策略转向硬科技与新兴产业成效显著，浮盈超百亿元凸显市场对科技主线的青 睐。电子、医药生物等板块成为资金布局重点，反映机构对高成长领域的长期信心。此举不仅提振相关 个股估值预期，亦强化科技板块在A股的结构性地位。整体来看，公募定增的积极动向或引导市场资金 进一步向科技领域集聚，加速行业分化，推动股市向创新驱动转型。 NO.3 ETF总规模突破5.8万亿元，马太效应持续演绎 上周五，ETF市场总规模首度突破5.8万亿元，再创历史新高。相较于去年末，仅用约一年时间，ETF规 模骤增超2万亿元，增幅超过50%。其中，股票型ETF依然是市场主 ...

西安锐磁电子科技有限公司员工在进行元件 位于陕西西咸新区的秦创原（泾河）智造创 新产业园。资料图片 【看点】 （来源：光明日报） 转自：光明日报 检查。资料图片 据了解，针对当前青年科技人才面临的职业早期科研支持不够、成长平台和发展机会不足、评价机 制不完善等突出问题，西咸新区通过搭平台、细服务、优生态三种方式培养成就青年人才。 在搭建平台方面，西咸新区借力国家级试点优势，与中国科协建立常态化沟通机制。同时，充分盘 活金融伙伴计划、科创中国项目路演等优质资源，为企业搭建起技术成果展示、创新模式推广的高层级 舞台，助力企业精准对接全国范围内的创新资源。 在细化服务方面，西咸新区整合科创中国、国务院国资委主办的中央企业熠星创新创意大赛等平台 的国家级导师团队，为企业提供涵盖技术攻关、市场拓展、融资对接等关键环节的定制化解决方案。此 外，组织产业对接活动，促进上下游企业精准牵手，打通技术转化"最后一公里"。 在优化生态方面，西咸新区全力营造有利于青年科技人才成长的良好环境：实施青年人才托举工 程，引导高校青年科技人才与产业链上下游企业深度合作，参与技术攻关和成果转化，赋予青年科技人 才更多决策咨询权。 截至目前，通 ...

Vi e w p o i n t | 14 Dec 2025 20:16:04 ET │ 12 pages Asia Economics Exports Chartbook: AI Capex Boom Outweigh Tariff Fears CITI'S TAKE Recent Asian trade data has been strong, showing minimal "payback effect". Asia's export strength stems from the US-led AI capex boom— rather than generically downplaying the impact of tariffs. Electronics exports are outperforming, reflecting robust growth in Taiwan, South Korea, and Vietnam. ASEAN economies like Vietnam and Thailand are importing more intermediate goods, ...

Core Viewpoint - TE Connectivity (TEL) has experienced a 7.5% decline in shares over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [4][5]. - This pattern typically signals that bears may have lost control, indicating a potential trend reversal as buying interest emerges [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for TEL, with a 1.5% increase in the consensus EPS estimate over the last 30 days, indicating that analysts expect better earnings than previously predicted [7][8]. - TEL holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9][10].

Financial Data and Key Metrics Changes - Consolidated net income increased 35% to a record $188.3 million, or $1.33 per diluted share in Q4 Fiscal 2025, up from $139.7 million, or $0.99 per diluted share in Q4 Fiscal 2024 [9] - Consolidated operating income and net sales improved by 28% and 19% respectively compared to Q4 Fiscal 2024 [10] - Consolidated EBITDA increased 26% to $331.4 million in Q4 Fiscal 2025, up from $264 million in Q4 Fiscal 2024 [11] - Cash flow from operating activities increased 44% to $295.3 million in Q4 Fiscal 2025, up from $205.6 million in Q4 Fiscal 2024 [11] - Net debt-to-EBITDA ratio improved to 1.6 as of October 31, 2025, down from 2.06 on October 31, 2024 [11] Business Line Data and Key Metrics Changes - Flight Support Group's net sales increased 21% to a record $834.4 million in Q4 Fiscal 2025, up from $691.8 million in Q4 Fiscal 2024, driven by 16% organic growth [15] - Flight Support Group's operating income increased 30% to a record $201 million in Q4 Fiscal 2025, up from $154.5 million in Q4 Fiscal 2024 [16] - Electronic Technologies Group's net sales increased 14% to a record $384.8 million in Q4 Fiscal 2025, up from $336.2 million in Q4 Fiscal 2024 [18] - Electronic Technologies Group's operating income increased 10% to a record $89.6 million in Q4 Fiscal 2025, up from $81.8 million in Q4 Fiscal 2024 [19] Market Data and Key Metrics Changes - The flight support group's defense business is experiencing significant growth due to increased demand from the U.S. and allies, emphasizing defense readiness and cost efficiency [16] - The overall market environment is favorable, contributing to strong organic growth and increased demand across product lines [31] Company Strategy and Development Direction - The company plans to pursue selective acquisition opportunities that complement growth, maintaining a balance between organic growth and strategic acquisitions [22] - The focus remains on delivering high-quality, lower-cost alternative aircraft parts to support government and taxpayer cost reductions [16] - The company aims to continue expanding cash margins while delivering high-quality products and services [18] Management's Comments on Operating Environment and Future Outlook - Management expresses optimism about future growth, citing strong performance and a favorable market environment [9][31] - The company anticipates net sales growth across both business groups in Fiscal 2026, driven by organic growth and recent acquisitions [22] - Management acknowledges the challenges of predicting future growth but remains confident in the company's ability to outperform the market [33][86] Other Important Information - The company completed five acquisitions in Fiscal 2025, enhancing sales, earnings, and cash flow [12] - A semiannual cash dividend of $0.12 per share was declared, reflecting confidence in strong cash flow generation [11] Q&A Session All Questions and Answers Question: How is the growth outlook for the Flight Support Group? - Management acknowledges strong organic growth and attributes it to a combination of market conditions and the company's value proposition [31][32] Question: What is the outlook for M&A activity going into 2026? - Management indicates a robust pipeline of acquisition opportunities and expresses optimism about future deals [40][41] Question: How comfortable is the company with leveraging for acquisitions? - The CFO states that the company is open to taking on additional leverage for the right transaction, aiming to maintain a comfortable debt level [42][43] Question: What is the status of PMA parts for defense? - Management confirms progress on PMA parts for defense, viewing it as a medium-term opportunity [44] Question: How does the company view the defense and space segment's growth? - Management believes the mix will remain consistent, with significant opportunities in both commercial and defense sectors [48][49] Question: What are the expectations for FSG margins going forward? - Management anticipates continued margin improvement, with a target range of 23.5% to 24.5% for GAAP operating margins [56][59]