格隆汇1月8日｜工业富联公告，根据公司 2025 年第二次临时股东大会审议通过的《关于 <富士康工业 互联网股份有限公司 年半年度利润分配预案="年半年度利润分配预案"> 的议案》，本次利润分配方案 向全体股东每10 股派送现金红利 3.30 元(含税)，本次权益分派以公司《2025 年半年度权益分派实施公 告》确定的 股权登记日的总股本 19,858,195,781 股，扣除 回购专用证券账户股票 9,319,897 股后的股 数，即19,848,875,884 股为基数，以此计算合计拟派发现金红利 6,550,129,041.72 元(含税)。公司本次不 进行 送股或资本公积金转增股本。 ...

Key Points - Nanjing Panda has no mature products related to brain-machine interfaces and has not generated related sales revenue [1] - North Navigation has no relevant business in the commercial aerospace sector and has not obtained related orders [1] - Haitong Development plans to invest no more than 900 million yuan to build three 62,000 DWT multi-purpose heavy-lift vessels [1] - Guangqi Technology has signed a mass production contract for metamaterials [1] - Wolong New Energy intends to sell 100% equity of Duchang Long Energy for 197 million yuan to Zhejiang Longbai [1] - Shibao Detection has completed a share buyback of 1.0023% of its shares [1] - Hengshang Energy's shareholders plan to reduce their holdings by no more than 2.8384% [1] - Anpei Long plans to raise no more than 544 million yuan through a private placement [1] - Fujia Co., Ltd. intends to issue convertible bonds to raise no more than 700 million yuan [1][2] Investment Projects - Sichuan Changhong's subsidiary plans to invest in a television production process project in Mexico [1] - Haitong Development's subsidiary plans to invest no more than 900 million yuan to build three 62,000 DWT multi-purpose heavy-lift vessels [1] Share Transfers - Wolong New Energy plans to sell 100% equity of Duchang Long Energy for 197 million yuan to Zhejiang Longbai [1] - Haohan Deep intends to acquire 34% equity of Yunbianyun for 83.3 million yuan to gain control [1] Share Buybacks - Shibao Detection has completed a share buyback of 1.0023% of its shares [1] - Jian Sheng Group has completed a share buyback of 3.01% of its shares [1] Shareholding Changes - Inboer’s chairman plans to reduce holdings by no more than 2% [2] - Fangyuan's shareholder plans to reduce holdings by no more than 2.93% [2] - Maiwei's controlling shareholders plan to reduce holdings by no more than 1.94% [2] - Hengshang Energy's shareholders plan to reduce their holdings by no more than 2.8384% [1]

（文章来源：证券日报） 证券日报网讯 1月7日，光大同创发布公告称，公司于2026年1月7日召开第二届董事会第十四次会议， 审议通过了《关于募投项目结项并将节余募集资金永久补充流动资金的议案》，公司首次公开发行股票 募投项目中光大同创安徽消费电子防护及功能性产品生产基地建设项目、企业管理信息化升级建设项目 已达到预定可使用状态，公司拟将上述项目结项，并将上述项目节余募集资金用于永久补充流动资金， 该事项尚需提交公司股东会审议。 ...

核心观点 货币政策方面，有以下三个判断：第一， 降准幅度有限，预计全年降准25-50个bp； 第二， 预计2026年7 天期逆回购利率下调10bp-20bp； 第三， 定量测算显示2026年中国存量社融同比和M2同比，相较于2025 年都将有所回落，分别从8.4%和8.0%，回落到7.8%和7.1%。 风险提示：1、海外地缘政治冲突升级； 2、外部环境恶化导致中国出口超预期走弱； 3、国内政策力度和 效果不及预期； 4、第三方数据失真的风险；5、研报信息更新不及时的风险；6、测算偏差的风险。 2026年的财政支出结构优化将为制造业投资提供支撑。 2025年三季度开始，中国制造业投资转弱，从子 行业数据看，压制近期制造业投资的有"供强需弱"和"反内卷"预期，以及关税和贸易摩擦的冲击。 展望 2026年，我们认为制造业投资有支撑，类似于2025年三、四季度的低迷不可持续：一是 出口强韧性，推 动出口高依赖行业的预期修复； 二是 2026年先进制造业将继续获得政策扶持。大国博弈的背景下，科技 安全和发展新质生产力的重要性将进一步提高。参考"十四五"时期的经验，预计将继续通过信贷、财政和 产业等政策，去支持制造业尤其 ...

Group 1 - The core business of Kosen Technology includes precision die-casting, forging, stamping, CNC, laser cutting, laser welding, MIM, and precision injection molding, primarily serving well-known clients such as Apple, Amazon, Google, and Medtronic [2] - The revenue composition of Kosen Technology is as follows: 76.75% from consumer electronics components, 10.58% from new energy-storage business, 8.10% from medical surgical instrument components, 3.33% from other precision metal components, and 1.23% from other sources [2] - As of September 30, Kosen Technology had 94,300 shareholders, an increase of 27.57% from the previous period, with an average of 5,884 circulating shares per person, a decrease of 21.61% [2] Group 2 - On January 6, Kosen Technology's stock fell by 1.20%, with a trading volume of 1.279 billion yuan [1] - The financing buy amount for Kosen Technology on January 6 was 152 million yuan, while the financing repayment was 160 million yuan, resulting in a net financing buy of -7.3793 million yuan [1] - The total financing and securities lending balance for Kosen Technology as of January 6 was 700 million yuan, with the financing balance accounting for 6.39% of the circulating market value, indicating a high level compared to the past year [1]

公司表示：本次本项目的变更能够满足潜在客户更强劲的高端PCB产品需求及材料升级需要，更有利于 进一步扩大生产规模，从而加强公司的海外生产能力，提高公司在海外的市场地位，助力公司业绩增 长，盈利能力提升；对完善公司海外供应链体系、提升海外交付能力、深化与国际客户的战略合作关系 具有重要意义。 聚焦二：百花医药和思维列控终止筹划控制权变更事项 7日起双双复牌 百花医药：由于公司控股股东、实际控制人与交易对方未就控制权变更相关重大事项达成一致意见，本 着审慎的原则，决定终止本次控制权变更事项。经公司向上海证券交易所申请，公司股票将于2026年1 月7日（星期三）开市起复牌。 思维列控：公司控股股东、实际控制人李欣先生、郭洁女士、王卫平先生与交易对方就筹划控制权变更 事项进行了充分沟通与论证，但双方就部分核心条款未能达成一致意见，基于审慎决策原则，为切实维 护公司全体股东及公司利益，相关交易方经慎重考虑、协商，决定终止筹划本次控制权变更事项，各方 对终止筹划本次控制权变更事项无需承担违约责任。经公司向上海证券交易所申请，公司股票将于2026 年1月7日（星期三）开市起复牌。 聚焦一： 超颖电子：AI算力高阶印制电路板 ...

上期（总第227期）A股绿色周报显示，共有4家上市公司在近期暴露了环境风险。 (记者 刘志远 魏官红) 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自 担。 每经AI快讯，"A股绿色报告"项目监控到的数据显示，立讯精密（002475）控股子公司立芯精密智造 （昆山）有限公司消费类电子产品模组件生产线技改项目环评审批获原则同意。该项目总投资额达2.8 亿元。该审批信息于2025年12月22日被相关监管机构披露。 "A股绿色报告"项目由每日经济新闻联合环保领域知名NGO公众环境研究中心（IPE）共同推出，旨在 让上市公司环境信息更加阳光透明。本项目基于31个省（区、市）、337个地级市政府发布的权威环境 监管数据，筛选监控上市公司及其旗下公司（包括分公司、参股公司和控股公司）的环境表现，加以专 业数据分析及深入解读，每日智能写作及时发布上市公司AI绿报，每周推出A股绿色周报，定期动态更 新上市公司环境风险榜。 ...

（原标题：维峰电子(301328.SZ)：公司暂未布局航空航天领域） 格隆汇1月6日丨维峰电子(301328.SZ)在投资者互动平台表示，公司暂未布局航空航天领域。 ...

Core Viewpoint - The company forecasts a significant increase in net profit for 2025, driven by the demand for AI computing servers and high-end PCB products, indicating a strong growth trajectory in the upcoming years [1][3]. Group 1: 2025 Performance Forecast - The company expects a net profit attributable to shareholders of 410-460 million yuan for 2025, representing a year-on-year increase of 80.72% to 102.76%, with a median estimate of 435 million yuan, reflecting a 91.63% increase [1]. - The forecasted net profit excluding non-recurring items is projected to be 380-430 million yuan, indicating a year-on-year growth of 88.16% to 112.91%, with a median of 405 million yuan, which corresponds to a 100.50% increase [1]. - For Q4 2025, the company anticipates a net profit of 128-178 million yuan, with a median of 153 million yuan, showing a year-on-year growth of 178.18% [1]. Group 2: PCB Market Dynamics - The thickness of AI PCBs is continuously increasing, leading to a rise in the length-to-diameter ratio of drilling needles, which enhances the market for PCB drilling needles [2]. - The transition from GB200 to GB300 and then to the Rubin series reflects an increase in PCB thickness and complexity, resulting in a higher number of holes per board and increased consumption of drilling needles [2]. Group 3: Production Capacity and R&D - The company is leading the industry in production expansion, with a monthly capacity exceeding 10 million units as of Q3 2025, expected to reach 12 million units by the end of 2025 and 18 million units by the end of 2026 [3]. - The company is advancing in the development of high-length-to-diameter ratio drilling needles, with successful delivery of needles with ratios between 30 and 47.5, and samples of 50 ratio needles currently in testing [3]. Group 4: Profit Forecast and Investment Rating - Due to the accelerated construction of AI computing capabilities and the high demand for drilling needles, the company has revised its net profit forecasts for 2025-2027 to 440 million, 810 million, and 1.57 billion yuan respectively, with corresponding dynamic PE ratios of 134, 72, and 37 times [3].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has demonstrated strong revenue growth and profit recovery, with a 50.25% year-on-year increase in revenue to 1.99 billion yuan and a staggering 1290.66% increase in net profit attributable to shareholders to 51 million yuan for the first three quarters of 2025 [4]. - The focus on core business areas has yielded significant results, with four main product lines—antennas, wiring harnesses and connectors, thermal modules, and smart sensor modules—showing positive synergy and growth [5]. - The company is expected to achieve revenues of 2.8 billion yuan, 3.6 billion yuan, and 4.7 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits projected at 80 million yuan, 110 million yuan, and 140 million yuan [6]. Company Overview - The latest closing price of the company's stock is 27.29 yuan, with a total market capitalization of 12.6 billion yuan and a circulating market value of 12 billion yuan [3]. - The company has a total share capital of 460 million shares, with 440 million shares in circulation [3]. - The company has a debt-to-asset ratio of 66.4%, indicating a relatively high level of leverage [3]. Financial Projections - Revenue is projected to grow at rates of 51.09% in 2025, 28.31% in 2026, and 30.10% in 2027 [9]. - The company is expected to achieve a gross profit margin of approximately 23% in 2025, increasing to 24.9% by 2027 [14]. - The earnings per share (EPS) is forecasted to turn positive, reaching 0.18 yuan in 2025 and 0.31 yuan in 2027 [9][14].