每经记者｜任飞 每经编辑｜赵云 继融通产业趋势臻选之后，1月21日，包括2025年股基冠军融通产业趋势在内，新生代基金经理李进管理的其余四只产品四季报全部发布。从季内持仓来 看，新进重仓华懋科技、源杰科技、嘉元科技等个股，A股剑桥科技、中际旭创则有所减持。 此外，李进也关注新能源、医药和消费行业的布局，并且在其他在管基金中新进重仓或加仓了相关个股。他在季报总结中表示，光模块和PCB龙头公司估值 处于合理偏低的水平，在后续频率和速率提升的背景下，PCB产品的层数和材料复杂性大幅提升，相关公司的业绩成长持续性能看到较长时间。 作为新生代的基金经理，融通基金李进在2025年打造出一只普通股票型基金的年度业绩"冠军"，即融通产业趋势，1月21日，该基金发布2025年第四季度报 告，新增了多只重仓股。 具体来看，华懋科技、源杰科技、港股剑桥科技以及嘉元科技是该基金四季度新进重仓的品种，与往期着重集中在人工智能算力方向上不同，此次季报展示 的重仓股已经有所扩散，在新能源、消费等行业均有涉及。 值得注意的是，李进管理的基金在季内仓位调整上也同永赢科技智选有相似之处。首先，在权益资产的配比上，融通产业趋势四季度末的股票持仓占 ...

Core Viewpoint - Koma Materials (920086) experienced a decline of 2.46% today, with a turnover rate of 32.96% and a transaction volume of 247 million yuan, indicating significant trading activity [2] Trading Activity - The stock was listed on the North Exchange due to its turnover rate reaching 32.96%, with institutional net purchases amounting to 614,500 yuan [2] - According to statistics from Securities Times Data Treasure, the top five trading departments accounted for a total transaction volume of 53.94 million yuan, with a buying volume of 30.50 million yuan and a selling volume of 23.44 million yuan, resulting in a net purchase of 7.07 million yuan [2] - Among the trading departments, one institutional specialized seat was present, with a buying amount of 4.72 million yuan and a selling amount of 4.10 million yuan, leading to a net purchase of 614,500 yuan [2] Detailed Trading Data - The top five buying and selling departments included: - Buy One: Guosen Securities, Shenzhen Hongling Middle Road, buying 6.11 million yuan, selling 936,900 yuan - Buy Two: Dongfang Caifu Securities, Lhasa Tuanjie Road, buying 5.65 million yuan, selling 3.98 million yuan - Buy Three: CITIC Securities, Beijing Dongcheng Branch, buying 5.01 million yuan, selling 441,400 yuan - Buy Four: Institutional Specialized, buying 4.72 million yuan, selling 4.10 million yuan - Buy Five: Guojin Securities, Shenzhen Branch, buying 4.66 million yuan, selling 1.84 million yuan [2]

Group 1 - The company Hubei Heyuan Gas Co., Ltd. won a procurement project for Wuhan Children's Hospital with a bid amount of 1.4874 million yuan [1][2] - In 2024, the company's operating revenue was 1.533 billion yuan, with a revenue growth rate of -7.35% and a net profit attributable to the parent company of 73 million yuan, reflecting a net profit growth rate of -12.65% [2][3] - For the first half of 2025, the company's operating revenue was 806 million yuan, showing a revenue growth rate of 4.36%, and the net profit attributable to the parent company was 49 million yuan, with a net profit growth rate of 12.43% [3] Group 2 - The company operates in the materials industry, with major product types including semiconductor materials, nitrogen, gas, specialty gases, and oxygen [2][3] - The main composition of the company's 2024 report includes bulk gases (46.09%), industrial chemicals and new materials (30.79%), clean energy (14.86%), electronic specialty gases and electronic chemicals (4.28%), other projects (2.35%), exhaust gas recovery (1.28%), and income from asset leasing and technical services (0.34%) [2][3]

Group 1 - The company Jiangsu Subote New Materials Co., Ltd. won a procurement project from China Nuclear Industry Construction Corporation with a bid amount of 1.7464 million yuan [1][2] - In 2024, the company's operating revenue was 3.555 billion yuan, with a revenue growth rate of -0.75%, and a net profit attributable to the parent company of 96 million yuan, reflecting a net profit growth rate of -40.24% [2][3] - In the first half of 2025, the company's operating revenue reached 1.673 billion yuan, showing a revenue growth rate of 7.03%, with a net profit attributable to the parent company of 63 million yuan, indicating a net profit growth rate of 18.68% [3] Group 2 - The company operates in the materials industry, with main product types including electronic testing and measurement instruments, polymer materials, synthetic fibers, chemical reagents, and paints and coatings [2][3] - The main composition of the company's 2024 report includes high-performance water-reducing agents (52.3%), technical services (21.44%), functional materials (18.95%), and others (5.36%) [3]

Group 1 - The core point of the article is that Kema Materials (920086) was listed on the Longhu List on January 20, 2026, due to a high turnover rate of 42.48% and significant trading volume of 7.9977 million shares, amounting to a total transaction value of 333 million yuan [1][2][3] Group 2 - The top buying seat was from Dongfang Caifu Securities Co., Ltd., Lhasa East Ring Road Second Securities Business Department, with a purchase amount of approximately 6.51 million yuan [1][2] - The top selling seat was also from Dongfang Caifu Securities Co., Ltd., Lhasa Tuanjie Road Second Securities Business Department, with a selling amount of approximately 7.12 million yuan [1][2] - The trading activity indicates a significant interest in Kema Materials, as evidenced by the high turnover and substantial trading amounts [1][2]

北京商报讯（记者 王蔓蕾）1月15日晚间，深交所官网显示，成都超纯应用材料股份有限公司（以下简 称"超纯股份"）创业板IPO进入问询阶段。 本次冲击上市，超纯股份拟募集资金约11.25亿元。 据了解，超纯股份是一家专注于特殊涂层工艺及其关联技术和材料的国家级专精特新重点"小巨人"企 业，主要面向芯片制造、精密光学等领域，提供经材料改性、精密表面加工、精密清洗和特殊涂层工艺 后的精密零部件产品及服务。公司IPO于2025年12月30日获得受理。 ...

Core Viewpoint - The company, Guoci Materials, has received a loan commitment from China Minsheng Bank for a share repurchase program, amounting to a maximum of RMB 180 million, with a term of 36 months and secured by credit [1] Group 1 - The loan commitment is specifically for the purpose of financing the company's share repurchase [1] - The loan amount is capped at RMB 180 million [1] - The loan term is set for 36 months [1] Group 2 - The loan is secured by credit and does not involve any related party transactions [1] - This transaction does not constitute a major asset restructuring [1] - The company states that this will not have a significant impact on its operating performance [1]

本报记者 田鹏 2026年开年以来，港股次新股迎来良好开局。Wind资讯数据显示，今年以来，截至1月13日收盘，121只次新股算术平均涨 幅达5.94%，其中有19只个股自上市以来股价涨幅超过100%。 接受《证券日报》记者采访的专家表示，这一轮港股次新股的良好表现并非短期市场情绪反弹，而是多重核心因素共振的 结果。从标的结构来看，硬科技成为核心主线，人工智能、半导体GPU、生物医药等赛道的优质企业集中上市，这些企业凭借 技术稀缺性与成长确定性，成为资金追捧的核心标的。 首先，标的结构持续优化，硬科技成为上市主力。近年来，赴港上市公司精准覆盖人工智能、半导体、生物医药等前沿领 域，普遍具备技术稀缺性与成长确定性。 其次，全球资本加速回流中国资产，为港股次新股股价走强提供了资金支撑。瑞银数据显示，2025年全球前四十大国际投 资人对中国资产配置较2024年显著回升，但与2017年至2021年的均值相比，仍有较大提升空间。 具体来看，材料行业11只个股中，8只股价年内上涨，其中南山铝业国际控股有限公司和容大合众（厦门）科技集团股份 公司涨幅超过20%。 5只金融类次新股股价年内全部实现上涨，轻松健康集团和南华期货 ...

Core Viewpoint - The company leverages its core team's diverse industry backgrounds to gain a competitive advantage through differentiated technological pathways in key customer selection processes [2] Group 1: Industry Background - The core team has expertise in various fields including semiconductors, automotive, materials, molds, and automation, allowing the company to incorporate cross-industry experiences into its process design [2] - The team's extensive experience with international major clients and large manufacturing enterprises enables quick responses to customer needs [2] Group 2: Competitive Advantage - The company can accurately meet customer customization requirements while adhering to management standards, which solidifies its competitive edge in the market [2]

Group 1 - The core viewpoint of the article emphasizes that in a declining economic growth environment and a low-interest-rate era, dividend strategies remain effective as investors seek more certain assets [2][35] - The article highlights that the policy support is enhancing the attractiveness of dividend assets, with a notable increase in dividend payouts from listed companies, particularly since 2024 [9][10][35] - The S&P Hong Kong Low Volatility Dividend Index (SPAHLVCP.SPI) is presented as having better investment value compared to A-shares, with a 12-month dividend yield of 5.6% and a PE ratio of 5.7 times as of December 31, 2025 [14][31][36] Group 2 - The S&P Hong Kong Low Volatility Dividend Index was launched on February 20, 2017, and consists of 50 low-volatility stocks selected from 75 high-dividend securities that meet the Hong Kong Stock Connect eligibility criteria [21][36] - The index is primarily composed of large-cap stocks, with a balanced distribution across sectors such as finance, real estate, and energy, and it has a historical performance that outperforms the Hang Seng Index and other dividend indices [22][33][36] - The index has shown a cumulative increase of 99.41% since 2021, with an annualized return of approximately 14.8%, indicating strong long-term performance [18][33][36]