历史上无论12月还是四季度，大盘风格占优概率高。另外，尽管历史上前期强势风格经常在四季度转弱，但目前尚不具备相关驱动条件，科技成长有望在四 季度继续占优。"十五五"规划的政策预期下，市场风险偏好预计保持高位。三季报交易窗口将至，业绩有望保持高增或者明显改善的仍主要集中在高端制 造、AI 产业链等偏成长风格的方向上。外部流动性方面，市场对美联储12月降息预期升温，行业类ETF 成为市场重要增量资金来源有利于偏龙头、中大盘 股票表现。 随着头部厂商相继获得亿元级订单，2025年已成为具身智能商业化的关键节点。然而在商业化向规模化落地的进程中，阶段性瓶颈与下游工厂的订单审慎态 度依然存在。在OEM、供应链及科技巨头的协同推进下，机器替代人力的效率提升、供应链产能布局及多维技术赋能正加速产业升级，驱动商业模式创新 与竞争格局重构。国内具身智能板块总市值已突破3万亿元，伴随国产新势力资本化加速，板块规模有望持续扩张。 主力净流入行业板块前五：PCB板，LED，OLED，光伏，充电桩； 主力净流入概念板块前五：光通信，5G，出海龙头，激光雷达，智能眼镜/MR头显； 主力净流入个股前十：胜宏科技、中际旭创、工业富联、寒武纪 ...

Core Viewpoint - The company has established a strong reputation and trust among a diverse range of well-known domestic and international brand clients across multiple industries, including consumer electronics, communications, LED, and new energy vehicles, which supports its stable growth and performance [1] Industry and Client Distribution - The company has a broad client base that includes leading enterprises in various sectors: - Communications: ZTE Corporation, TCL Communication - Display and Lighting: TPV Technology, Absen, Leyard - Home Appliances: Gree Electric Appliances, Haier Group, Hisense Group - Photovoltaics: Tongwei Co., Longi Green Energy - Automotive Electronics: BYD, CRRC Times Electric - Consumer Electronics: DJI, Samsung, Xiaomi - Power Supply: Bull Group, Aohai Technology - Security: Hikvision, Mijia Technology - Additionally, the company indirectly serves international brands like HP, Dell, and Amazon through large EMS manufacturers such as Foxconn and Jabil [1] Business Characteristics - The company exhibits a "small products, large market" core business characteristic, which effectively mitigates operational risks associated with single industry cycle fluctuations and allows the company to capture growth opportunities across multiple high-demand sectors, thereby providing solid support for sustained and stable performance [1]

证券代码：002429 证券简称：兆驰股份 深圳市兆驰股份有限公司 投资者关系活动记录表 编号：2025-006 （五）公司 LED 产业链业务核心竞争力是什么？具体体现在哪些 关键方面？ 2025年下半年，公司已启动 PCB印制电路板生产线投资建设工作。 这一决策的核心逻辑在于，PCB 产线建设是公司践行全链条协同战略 的核心举措，该战略旨在巩固技术整合优势、强化供应链自主可控能力。 通过自建产线，公司可进而提升产业链各环节的协同性，提高产品一致 性、缩短研发周期，加速光模块与高端显示产品量产进程。该布局不仅 增强了公司在光通信及 Mini/Micro LED 领域的生产管控与工艺技术 实力，为新兴业务扩张提供可靠配套支撑；更重要的是，作为产业链关 键配套环节，自建 PCB 产线有助力核心产品性能与良率提升，进而全 面增强公司在光模块及高端显示领域综合竞争力。因此，PCB 产线建设 是公司基于自身核心业务和产业链布局进行的战略性投入。 （三）市场普遍认为 200G 及以下低速光模块技术门槛低、毛利率 不高，多家同行明确表示不愿投入资源，请问兆驰股份为何仍将低速模 块作为重要战略方向？ 200G 及以下低速光 ...

每经AI快讯，爱克股份（SZ 300889，收盘价：24.58元）12月5日晚间发布公告称，公司第六届第十二 次董事会会议于2025年12月5日在公司会议室以通讯方式召开。会议审议了《关于为子公司提供担保的 议案》等文件。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 贾运可） 2024年1至12月份，爱克股份的营业收入构成为：LED行业占比69.68%，新能源材料行业占比17.49%， 光伏风电行业占比10.49%，新能源汽车充电行业占比1.94%，其他业务占比0.39%。 截至发稿，爱克股份市值为54亿元。 ...

| | | | 府号 | 项目名称 | 项目投资金额 | 募集资金使用金额 | | --- | --- | --- | --- | | 1 | 超高清显示 Mini/Micro LED 及显示模组产品 | 37.309.21 | 36.189.21 | | | 生产建设项目 | | | | 2 | 光电传感及智能健康器件产业化建设项目 | 19.011.37 | 19.011.37 | | 3 | 智慧家居显示及 Mini 背光模组建设项目 | 11.818.62 | 11.818.62 | | র্ব | 智能车载器件及应用建设项目 | 5.353.28 | 5.353.28 | | રે | 国星光电研发实验室项目 | 15.759.91 | 14.639.91 | | 6 | 补充流动资金 | 10.000.00 | 10.000.00 | | | 合 计 | 99,252.39 | 97,012.39 | 超高清显示 Mini/Micro LED 及显示模组产品生产建设项目 目前，公司相关产品的生产效率仍有提升空间，LED 产线已难以满足客户的需求。因此，公司需要积极推进相关产品 生产自动化转型，提高 ...

Core Viewpoint - The chairman of Aibisen, Ding Yanhui, cast a dissenting vote against the election of the new board chairman due to dissatisfaction with the chairman's compensation and the company's governance structure [2][4][5]. Group 1: Governance Issues - Ding Yanhui expressed that the company's governance structure has serious problems, particularly regarding the concentrated shareholding and the lack of willingness from major shareholders to reduce their stakes, which hampers governance optimization [5][6]. - He highlighted the inadequacy of the company's incentive mechanisms and the unscientific nature of the compensation distribution system [6]. Group 2: Financial Performance - Aibisen reported a revenue of 2.872 billion yuan for the first three quarters of the year, representing a year-on-year increase of 5.66%. The revenue for the third quarter alone was 1.053 billion yuan, showing a growth of 14.5% compared to the same period last year [10]. - The net profit attributable to shareholders for the first three quarters was 185 million yuan, marking a significant year-on-year increase of 57.33%. The net profit for the third quarter reached approximately 69.05 million yuan, up 138.55% year-on-year [10]. Group 3: Compensation Details - Ding Yanhui directly holds 124,671,149 shares of the company, accounting for 33.78% of the total share capital, making him the actual controller of Aibisen [8]. - His pre-tax compensation for 2024 was reported at 4.3556 million yuan, which includes 1.7399 million yuan from the employee stock ownership plan. This represents a 51% increase from his 2023 salary of 2.8845 million yuan [8].

11月28日，艾比森发布公司第六届董事会第一次会议决议公告。其中，在审议通过《关于选举第六届董事会董事长的议案》中，表决结 果：8票同意，1票反对，0票弃权，0票回避。 值得注意的是， 反对公司董事长连任的正是董事长丁彦辉本人。根据公告，其反对理由为"对董事长岗位薪酬不满意"。 公告称，同意选举丁彦辉先生为公司第六届董事会董事长，任期与第六届董事会任期一致。 根据企查查，截至11月28日，丁彦辉直接持有艾比森股份1.25亿股，占公司总股本的33.78%，是公司的实际控制人。 业绩方面，艾比森三季报显示，前三季度公司营业收入为28.72亿元，同比增长5.66%；归母净利润达1.85亿元，同比增长57.33%。其中， 第三季度营业收入达10.53亿元，同比增幅14.50%；归母净利润6904.87万元，同比增至138.55%。 -------------------- ●据南方都市报 ●责任编辑：韩金惠 ●一级审核：魏艳丽 ●二级审核：董磊 据公开资料，艾比森于2014年8月1日上市，主营业务是LED应用产品的研发、生产、销售和服务。2024年年报显示，丁彦辉2024年从艾比 森获得的税前报酬总额为435.56万 ...

据公开资料，艾比森于2014年8月1日上市，主营业务是LED应用产品的研发、生产、销售和服务。2024 年年报显示，丁彦辉2024年从艾比森获得的税前报酬总额为435.56万元，其中包含员工持股计划的本金 和收益173.99万元。对比其2023年288.45万元的年薪，丁彦辉的年薪涨幅在一年间达到了约51%。 公开资料显示，丁彦辉1973年出生，2001年8月创业成立艾比森，并一直担任公司董事长、法定代表人 至今（其中有十八年兼任总经理）。除此之外，丁彦辉目前并任惠州艾比森董事，艾比森投资公司董事 长，艾比森会务公司董事，深圳市海龙教育服务有限公司董事，深圳市艾比森公益基金会理事及深圳市 睿道企业管理有限公司执行董事、总经理等。 董事长投出唯一反对票反对自己连任，原因竟还是对自己薪酬不满？ 11月28日，艾比森（300389.SZ）发布公司第六届董事会第一次会议决议公告。其中，在审议通过《关 于选举第六届董事会董事长的议案》中，表决结果：8票同意，1票反对，0票弃权，0票回避。 值得注意的是，反对公司董事长连任的正是董事长丁彦辉本人。根据公告，其反对理由为"对董事长岗 位薪酬不满意"。 来源：艾比森 根据企查 ...

Group 1: Market Overview - Equities reached a record high in Q3 2025, driven by gains in technology and declining bond yields [1] - The U.S. Federal Reserve lowered rates by 25 basis points in mid-September, contributing to the favorable market conditions [1] Group 2: Fund Performance - Meridian Contrarian Fund achieved a net return of 6.72% in Q3 2025, underperforming the Russell 2500 Index which returned 9.00% and the Russell 2500 Value Index which returned 8.18% [1] Group 3: Company Focus - Penguin Solutions, Inc. - Penguin Solutions, Inc. (NASDAQ:PENG) is highlighted as a leading enterprise solutions provider, with a one-month return of -6.32% and a 52-week gain of 3.49% [2] - As of December 01, 2025, Penguin Solutions, Inc. had a stock price of $20.16 and a market capitalization of $1.066 billion [2] - The company is described as a diversified technology firm involved in computing, memory, and LED industries, with an initial investment made in 2020 following an earnings decline [3] Group 4: Hedge Fund Interest - Penguin Solutions, Inc. was held by 29 hedge fund portfolios at the end of Q3 2025, an increase from 25 in the previous quarter [4] - Despite its potential, the company is not considered among the most popular stocks among hedge funds, with analysts suggesting that certain AI stocks may offer better upside potential [4] Group 5: Financial Performance - In Q4 2025, Penguin Solutions, Inc. reported revenue of $338 million, reflecting a 9% year-over-year increase [4]

Company Summary - Jufei Optoelectronics (SZ 300303) announced a share buyback plan, intending to repurchase approximately 8.87 million shares, which represents 0.6268% of the total share capital, with a total transaction amount of about 57.31 million yuan [1] - The share buyback will occur through a special securities account via centralized bidding, with a maximum transaction price of 7.11 yuan per share and a minimum price of 5.82 yuan per share [1] - As of the report, Jufei Optoelectronics has a market capitalization of 9.7 billion yuan [1] Industry Overview - For the first half of 2025, Jufei Optoelectronics reported that LED products accounted for 91.27% of its revenue, while other businesses contributed 8.73% [1]