公司的核心业务光伏设备业务受行业周期影响业绩下滑。2025 年，公司核心主业所处的光伏行业仍面 临阶段性供应过剩的压力，产业链各环节开工率普遍下行，下游市场投资意愿趋于审慎，导致公司作为 光伏设备供应商的订单数量与验收进度受到较大影响。与此同时，受光伏行业整体市场环境变化等因素 影响，公司依据《企业会计准则第 8 号——资产减值》及相关内部管理制度，本着谨慎性原则对部分资 产进行了减值测试，并拟对相关资产计提减值准备。预计该事项将对公司本报告期经营业绩带来负面影 响。 格隆汇1月28日丨ST京机(000821.SZ)公布，预计2025年归属于上市公司股东的净利润19,000万元-23,500 万元，比上年同期下降45.19%-55.69%，扣除非经常性损益后的净利润10,000万元–14,500万元，比上年 同期下降58.49%-71.37%。 ...

对于本期业绩重大变化的主要原因，连城数控表示，2025年，受光伏行业供需错配问题持续、下游企业 设备需求较弱及内卷式竞争等因素的影响，公司主营的光伏设备业务继续承压，导致报告期内经营业绩 规模出现阶段性下滑。同时，基于谨慎性原则，公司进一步计提了相应减值准备，亦对业绩造成了一定 影响。 北京商报讯（记者 王蔓蕾）1月28日晚间，连城数控（920368）发布2025年年度业绩预告显示，公司预 计全年实现归属净利润6300万—9400万元，上年同期为3.4亿元。 ...

对于本期业绩变动的原因，ST京机表示，公司的核心业务光伏设备业务受行业周期影响业绩下滑。 2025年，公司核心主业所处的光伏行业仍面临阶段性供应过剩的压力，产业链各环节开工率普遍下行， 下游市场投资意愿趋于审慎，导致公司作为光伏设备供应商的订单数量与验收进度受到较大影响。与此 同时，受光伏行业整体市场环境变化等因素影响，公司依据《企业会计准则第8号——资产减值》及相 关内部管理制度，本着谨慎性原则对部分资产进行了减值测试，并拟对相关资产计提减值准备。预计该 事项将对公司本报告期经营业绩带来负面影响。 北京商报讯（记者 王蔓蕾）1月28日晚间，ST京机（000821）发布2025年度业绩预告显示，公司预计全 年实现归属净利润1.9亿—2.35亿元，同比下降45.19%—55.69%。 ...

Group 1 - The board received a written resignation application from independent director Liu Jianjun due to personal reasons, resigning from all positions within the company [1] - The sixth board meeting was held on January 26, 2026, where the election of Wang Guangshou as the chairman of the board was approved, with his term lasting until the current board's term ends [1] - Wang Guangshou automatically assumes the role of the convener of the strategic decision-making committee and the legal representative of the company following his election as chairman [1] Group 2 - The board also approved the appointment of Zhang Mengyue as the securities affairs representative, with her term starting from the date of the board meeting until the current board's term ends [1] - Wang Guangshou has a background in finance and management, having worked in various roles before becoming the chairman of Dayou Holdings [3] - Zhang Mengyue holds a bachelor's degree in investment studies and has obtained several professional qualifications, including securities and fund management [4]

南财智讯1月28日电，ST京机发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为1.90 亿元—2.35亿元，同比预减45.19%—55.69%；预计2025年全年归属于上市公司股东的扣除非经常性损益 的净利润为1.00亿元—1.45亿元，同比预减58.49%—71.37%。公司的核心业务光伏设备业务受行业周期 影响业绩下滑。2025年，公司核心主业所处的光伏行业仍面临阶段性供应过剩的压力，产业链各环节开 工率普遍下行，下游市场投资意愿趋于审慎，导致公司作为光伏设备供应商的订单数量与验收进度受到 较大影响。与此同时，受光伏行业整体市场环境变化等因素影响，公司依据《企业会计准则第8号—— 资产减值》及相关内部管理制度，本着谨慎性原则对部分资产进行了减值测试，并拟对相关资产计提减 值准备。预计该事项将对公司本报告期经营业绩带来负面影响。 ...

Core Viewpoint - The photovoltaic equipment sector experienced a decline of 2.77% on January 28, with Optec leading the drop, while the Shanghai Composite Index rose by 0.27% and the Shenzhen Component Index increased by 0.09% [1]. Group 1: Market Performance - The closing price of Optec was 17.16, reflecting a decrease of 10.81% with a trading volume of 147,700 shares and a transaction value of 261 million [2]. - The sector saw a net outflow of 5.216 billion from major funds, while retail investors contributed a net inflow of 3.687 billion [2]. Group 2: Individual Stock Performance - Shuangliang Energy closed at 68.8, with a rise of 9.08% and a trading volume of 2.8015 million shares, resulting in a transaction value of 2.491 billion [1]. - The stock of Jianqiang Technology closed at 18.01, up by 3.09%, with a trading volume of 1.1109 million shares and a transaction value of 1.997 billion [1]. - The stock of Jicheng Technology saw a decline of 5.97%, closing at 128.57, with a trading volume of 351,200 shares and a transaction value of 4.570 billion [2].

Core Viewpoint - HeMai Co., Ltd. (688032.SH) is currently experiencing a decline in stock price, closing at 107.74 yuan with a drop of 4.59%, indicating a state of breaking [1] Group 1: Company Overview - HeMai Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 20, 2021, with an initial offering price of 557.80 yuan per share and a total issuance of 10 million shares [1] - The total funds raised from the initial public offering (IPO) amounted to 5.578 billion yuan, with a net amount of 5.406 billion yuan after deducting issuance costs, which exceeded the original plan by 4.848 billion yuan [1] - The funds raised are intended for projects including the construction of the HeMai Intelligent Manufacturing Base, the industrialization of energy storage inverters, the upgrade of intelligent complete electrical equipment, and to supplement working capital [1] Group 2: Dividend Announcements - On May 30, 2022, HeMai Co., Ltd. announced a dividend plan of 30 yuan (pre-tax) per 10 shares, along with a bonus issue of 4 shares, with the ex-dividend date set for June 7, 2022 [2] - On June 6, 2023, the company announced a dividend plan of 53 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 13, 2023 [2] - For June 13, 2024, HeMai Co., Ltd. announced a dividend plan of 36 yuan (pre-tax) per 10 shares, with a bonus issue of 4.9 shares, and the ex-dividend date set for June 19, 2024 [2]

Market Performance - The three major A-share indices showed mixed results, with the Shanghai Composite Index rising by 0.27% and the Shenzhen Component Index increasing by 0.09%, while the ChiNext Index fell by 0.57% and the North China 50 Index decreased by 0.16% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 29,923 billion yuan, an increase of 708 billion yuan compared to the previous day, with over 3,600 stocks declining [1] Sector Performance - The sectors that performed well included non-ferrous metals, oil and natural gas, coal, chemical industry, soybeans, semiconductors, and real estate [1] - Conversely, the sectors that saw declines included photovoltaic equipment, biological vaccines, education, military equipment, beauty care, and PEEK material concept stocks [1] ETF Performance - The commodity sector experienced a surge, with gold prices surpassing 5,300 USD, leading to a limit-up for several gold stock ETFs, including Ping An Fund, Guotai Fund, and Yongying Fund [1] - The Huatai-PB Fund's China-Korea Semiconductor ETF rose by 7.43%, while the oil and gas resource ETF from Yinhua Fund increased by 5.44% [1] - Vaccine stocks led the decline, with the vaccine ETF dropping by 2.87%, and the photovoltaic ETF from E Fund falling by 2% [2]

中国经济网北京1月28日讯 三大股指涨跌不一，创指午后回落翻绿。截至收盘，上证指数报4151.24点，涨幅0.27%，成交额13655.26亿元；深证成指报 14342.89点，涨幅0.09%，成交额15998.84亿元；创业板指报3323.56点，跌幅0.57%，成交额7441.76亿元。 板块方面，贵金属、油气开采及服务、工业金属等板块涨幅居前，光伏设备、医疗服务、医疗器械等板块跌幅居前。 | 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量 (万手) ▼ 总成交额 (亿元) ▼ | 净流入 (亿元) ▼ | 上涨家数 | 下跌多 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 音等屋 | 10.74 | 1387.18 | 453.36 | 21.93 | 11 | o | | 2 | 油气开采及服 | 7.54 | 3076.39 | 254.01 | 24.76 | 20 | o | | | ਡੇ | | | | | | | | 3 | 工亦等選 | 6.24 | 9201.81 | 1552.80 | 70.55 | ਦੇਤੋ ...

Core Insights - The Hong Kong Stock Connect 50 ETF (159712) rose over 2% on January 28, indicating increased institutional interest in the value of Hong Kong stocks [1] - Huatai Securities noted that during periods of RMB appreciation, AH equities typically perform well, with Hong Kong stocks being more sensitive to these changes [1] Group 1: Investment Opportunities - Beneficiaries of the configuration effect include white goods, batteries, engineering machinery, power grid equipment, and beverage dairy sectors, which are favored by foreign capital [1] - Industries with high total dollar borrowings relative to net assets and high exchange gains relative to operating income, such as motorcycles, seed industry, auto parts, engineering machinery, and photovoltaic equipment, are expected to benefit from the liability effect [1] - Industries with high external dependence are likely to see improvements in gross margins, including electronic chemicals, seed industry, and steel raw materials, due to cost effects [1] Group 2: Sector Performance - Sectors that drive relative fundamental cycles upward, such as real estate chains and advanced manufacturing, as well as high beta industries like non-bank financials, are expected to benefit from relative fundamental effects [1] - The Hong Kong Stock Connect 50 ETF tracks the Hong Kong Stock Connect 50 Index (930931), focusing on the 50 largest listed companies within the Stock Connect framework, primarily large-cap leading enterprises across new and traditional economic sectors [1] - The index emphasizes financials, discretionary consumption, and information technology, aiming to reflect the overall performance of related listed company securities while combining high growth potential with low valuation characteristics [1]