本报记者 谷业凯 工作人员在位于四川省稻城县的子午工程二 超临界二氧化碳发电机组。 中核集团中国核动力研究设计院供图(新华社发) 期进行设备运维。 新华社记者 江宏景摄 位于广东省东莞市的中国散裂中子源。 新华社记者 毛思倩摄 数据来源：科技部等 广东江门，地下700米深处，我国牵头的中微子实验装置发布首个物理成果。中国科学院院士王贻芳相 信："未来几十年，它会持续产出重大成果。" 贵州六盘水，全球首台商用超临界二氧化碳发电机组成功商运。在中核集团首席科学家黄彦平看 来："科技创新需要敢于突破的勇气。" 从基础研究到关键核心技术攻关，从场景牵引到应用赋能……中国经济动能更足、活力尽显。 习近平总书记强调："中国式现代化要靠科技现代化作支撑，实现高质量发展要靠科技创新培育新动 能。"2025年底举行的中央经济工作会议提出，"坚持创新驱动，加紧培育壮大新动能。" 培育壮大新动能，既是当下所需，也是未来所系。新年伊始，各地区各部门加快促进新动能集聚、新产 业壮大，因地制宜发展新质生产力，为高质量发展注入持久动力。 延伸产业链条，拓宽竞争赛道 扩围提质建设国际科技创新中心 京津冀、长三角、粤港澳大湾区，是引领全国高质 ...

Group 1 - The core focus of the company is to provide high-speed PCB research and design services, as well as PCB and PCBA research, prototyping, and small-batch manufacturing services [1] - The company aims to create a one-stop hardware innovation platform that includes PCB design, board manufacturing, component supply, PCBA welding assembly, and performance testing to meet diverse customer needs [1] - The company plans to continue deepening its main business, strategically planning market expansion, maintaining the reputation of the Yibo brand, and striving for effective value communication [1]

Group 1 - The core point of the article is that Dongshan Precision (002384) has reported a total of 81,673 shareholders as of December 31, 2025 [1]

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company is expected to benefit significantly from the AI computing demand, with its comprehensive layout in copper, optical, thermal, and power management solutions [5][6] - The company's communication business is projected to grow robustly, with a revenue forecast of 183.6 billion yuan in 2024, reflecting a CAGR of 19.6% from 2022 to 2024 [5][22] - The company is well-positioned to capture growth opportunities in the AI sector, particularly in data centers, where demand for high-speed interconnects is increasing [6][11] Summary by Sections Communication Business Overview - The company has a strong technical foundation and a full-stack layout in the data center business, covering high-speed interconnects, thermal management, power management, and complete machine manufacturing [15] - The communication business revenue was 128.3 billion yuan in 2022, with a significant increase attributed to the consolidation of Huiju Technology [22] Copper Interconnect - The demand for high-speed copper cables and connectors is expected to grow, driven by increasing bandwidth requirements from platforms like NVIDIA's NVLink [25] - The company has developed advanced copper cable solutions, including 224G and 448G products, which are in mass production and pre-research stages with major clients [47][48] Optical Interconnect - The company has a complete product line for optical modules and is actively advancing LPO/CPO technologies, which are expected to drive growth in the optical interconnect market [57] - The demand for optical modules is projected to increase significantly, with the market for 800G and 1.6T modules expected to reach 166 billion and 248 billion USD by 2026 and 2027, respectively [61] Thermal Management - The company has launched a complete set of liquid cooling solutions, with products already in mass production, and is exploring advanced technologies like microchannel cooling [10][11] Power Management - The company has achieved comprehensive power management solutions for intelligent computing centers, with products including cabinet power supplies and modular power supplies entering large-scale production [17]

Group 1 - The company plans to issue convertible bonds to raise 1.2 billion yuan for new energy intelligent manufacturing projects and to supplement working capital, aiming to enhance its technological capabilities and industry scale [1] - The project is expected to achieve an annual production capacity of approximately 45 million new flexible electrical connection components upon completion [1] - The company aims to strengthen its partnerships with well-known domestic and international manufacturers in the new energy vehicle and energy storage sectors, enhancing customer loyalty and market competitiveness [1] Group 2 - The embodied intelligence market is projected to exceed 1 trillion yuan by 2035, with significant applications in various sectors, driving technological breakthroughs and new production models [2] - The company plans to expand its production capacity to meet the growing order demands from diverse sectors, including low-altitude economy and embodied intelligence [2] - There is an increasing demand for lightweight, high-reliability, and customized flexible printed circuits (FPC) in emerging fields, with the company developing solutions for bionic robots and electric vertical takeoff and landing (eVTOL) aircraft [2] Group 3 - The company is innovating its production line to meet both large-scale delivery requirements and the diverse, small-batch, high-complexity R&D needs of cutting-edge clients [3] - The company has been recognized as a provincial manufacturing champion in Guangdong for its core product, the cell connection component (CCS) [3] Group 4 - The company is optimizing its industrial layout by localizing the front-end manufacturing of FPC and integrating it with existing back-end processes to enhance supply chain efficiency [4] - The company has mastered the "roll-to-roll" continuous production process, capable of producing 2.5-meter ultra-long FPCs, improving product consistency and production efficiency [4] - The company will continue to invest in R&D and deepen industry-academia collaboration to empower global green transformation with competitive products and solutions [4]

Group 1 - The core product of the company, strong-resistant special films, is primarily used in the automated production processes of flexible printed circuit boards (FPCs) and printed circuit boards (PCBs) [2] - The production process of flexible circuit boards is complex and occurs in diverse environments, including high-temperature and high-humidity conditions for physical processing, as well as strong acid and alkali environments for chemical processing [2] - The company emphasizes the role of its products in protecting, pulling, carrying, and fixing circuit boards during the manufacturing process [2]

Group 1 - The company has shipped products related to its 1.6T optical module and is currently developing 3.2T products with clients [2] - Specific client information cannot be disclosed due to commercial confidentiality reasons [2]

智通财经APP获悉，总部位于中国台湾省的全球最大规模电子产品代工制造商富士康(Foxconn)，于周一 公布创纪录的季度营收数据。作为全球最大规模的电子产品代工制造商，富士康可谓全面受益于人工智 能类产品(AI服务器集群+AI智能手机、AI智能眼镜等端侧AI消费电子)无比强劲需求狂潮，尤其是当前 这股史无前例的AI基建大浪潮为富士康持续带来指数级增长的AI服务器订单规模，推动富士康季度营 收屡创历史新高。 作为"AI芯片超级霸主"英伟达(NVDA.US)最大规模的AI服务器集群合约制造商，以及全球消费电子领 军者苹果公司(AAPL.US)最核心的iPhone系列产品组装商，富士康在最新发布的营收声明中表示，其第 四季度整体营收较2024年同期跳增22.07%，至创纪录的新台币2.6028万亿元(大约827.3亿美元)。这一结 果大幅超过了2.418万亿新台币的LSEG SmartEstimate一致预期;LSEG SmartEstimate赋予了长期以来预测 更准确的华尔街分析师们更大的预测权重比例。 富士康表示，本季度(第四日历季度)营收环比和同比均实现大幅增长，超出市场一致预期，为2026年第 一季度创造 ...

Group 1 - The core viewpoint of the article is that Hon Hai Precision Industry Co., Ltd. reported record-high revenue for the fiscal year 2025, reaching NT$8.1 trillion, approximately RMB 1.81 trillion, representing an 18.07% year-on-year growth [1] Group 2 - In December 2025, Hon Hai achieved a monthly sales figure of NT$862.86 billion, with a month-on-month growth of 2.20% and a year-on-year growth of 31.77%, marking the highest level for that month in history [3] - For the fourth quarter of 2025, the cumulative revenue was NT$2.6 trillion, reflecting a year-on-year increase of 22.07% [3] - The company noted that the strong revenue performance in Q4 2025 exceeded previous expectations and set a high comparative base for Q1 2026 [3] - Looking ahead, Hon Hai anticipates that its ICT products will enter a traditional sales off-season in Q1 2026, but expects that the continued rise in AI server shipments will keep performance close to the upper limit of the past five years, despite the high base from Q4 2025 [3]

时间回到2017年，那时的郭台铭意气风发，在威斯康星州高调宣布投资675亿元，要打造一条10.5代液晶面板厂。当时的美国总统特朗普亲自站台，甚至将 其吹捧为"世界第八大奇迹"。 为了迎合美国，郭台铭不仅要把夏普最先进的IGZO技术带过去，还承诺给当地带来数万个就业岗位。那时候的富士康，仿佛只要一落地，美国制造就能原 地翻身。 可是结果呢？这笔"豪赌"最终变成了一地鸡毛！ 三十年河东，三十年河西。商场如战场，一步走错，满盘皆输！ 曾几何时，富士康创始人郭台铭意气风发，站在舆论的制高点上大放厥词，声称自己在大陆建厂是"给大陆赏饭吃"。那时的他，为了抱紧美国的大腿，不惜 甚至切断与国内的部分合作，砍掉几十万个中国工人的岗位，毅然决然地要把高端制造搬到美国去。 然而，现实却给了这位商业巨擘一记响亮的耳光！ 当他在美国的"豪赌"输得精光，当上千亿的投资在太平洋彼岸打了水漂之后，郭台铭终于低下了高傲的头颅。 最新消息显示，郭台铭带着46台光刻机回到了中国青岛，宣布再砸300亿元建新厂，并公开喊话要"全力支持中国科技企业"。 这一次，郭台铭的肠子恐怕真的都悔青了！ 一、 "世界第八大奇迹"沦为笑话 第一，产业链根本玩不转。 ...