Group 1 - The core point of the announcement is that Lingyi Zhi Zao has completed the "Precision Parts Process Intelligent Upgrade Project" and will permanently supplement its working capital with the remaining funds of 792,300 yuan [1][2] - The total investment amount for the project was adjusted to 168.24 million yuan, with a cumulative investment of 167.54 million yuan as of the announcement date, resulting in a surplus of 792,300 yuan [1][2] - The surplus funds consist of 699,500 yuan in principal and 92,900 yuan in net interest income after deducting fees, attributed to strict cost control during the project and effective cash management of temporarily idle funds [1][2] Group 2 - The company raised a total of 2.137 billion yuan through the issuance of convertible bonds, with a net amount of 2.116 billion yuan after deducting issuance costs [2] - The successful completion of the project and the reasonable use of surplus funds will help optimize the company's capital allocation and support its daily operational development [2]

领益智造公告称，2026 年度公司（含控股子公司）拟为公司及子公司融资或其他履约义务提供不超 400 亿元的担保。近日，公司与中信银行扬州分行签订《最高额保证合同》，为全资子公司扬州领煌 1 亿元 债权提供连带责任保证，保证期间三年。本次担保在已审议通过的额度内，无需再提交审议。截至公告 披露日，公司实际担保余额 137.28 亿元，占 2024 年末净资产的 69.31%，无逾期等异常担保情况。 ...

中国经济网北京12月25日讯 领益智造(002600.SZ)近日发布关于公司签订《股权转让协议》的公 告。 本次签订的《股权转让协议》在满足了约定条件后方可实施，在实施过程中存在变动或者不能实施 的可能性。敬请广大投资者注意投资风险。 长江商报12月24日发布报道《领益智造溢价34倍收购切入液冷赛道 九个月大赚19.4亿市值站稳1100 亿》称，本次收购存在高溢价。截至2025年9月末，立敏达净资产仅为7127.02万元，而其估值高达25.10 亿元，溢价率逾34倍。领益智造表示，本次交易有助于公司快速获得境内外特定客户服务器液冷散热业 务的技术储备与客户认证资质，可与公司现有服务器业务形成战略协同效应。 深圳报业集团旗下财中社12月24日发布报道《领益智造：规模提升难挽毛利率下滑、短期债务翻 番》称，领益智造收入规模近年来持续扩大：从2022年的345.03亿元到2024年的442.60亿元，再到2025 年前三季度的375.90亿元，同比增长19.3%。然而，同期毛利率从19.8%下降到14.4%，直到2025年前三 季度才小幅回升至15.7%。 12月22日，为进一步发挥公司战略协同效应，提升公司AI硬 ...

Core Viewpoint - Lianchuang Electronics is undergoing a change in its controlling shareholder and actual controller, with the transfer of shares to Beiyuan Intelligent and the involvement of Jiangxi Guozhi Venture Capital Management [2][3] Group 1: Share Transfer Details - Jiangxi Xingsheng Investment Co., Ltd. will transfer 70,866,141 shares of Lianchuang Electronics, representing 6.71% of the total shares, to Beiyuan Intelligent for a total price of 899,999,990.7 yuan, at a price of 12.70 yuan per share [2] - After the share transfer, the controlling shareholder will change to Beiyuan Intelligent, while Jiangxi Guozhi Venture Capital will become an indirect controlling shareholder, with the actual controller being the Jiangxi Provincial State-owned Assets Supervision and Administration Commission [2] Group 2: A-Share Issuance Plan - To further consolidate control, Lianchuang Electronics plans to issue A-shares to specific investors, with Jiangxi Guozhi Venture Capital intending to fully subscribe in cash [3] - The issuance price is set at 8.62 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days, with a maximum of 189,095,127 shares to be issued, raising up to 1,629,999,994.74 yuan [3] - If both the share transfer and the A-share issuance are completed, Jiangxi Guozhi Venture Capital's direct and indirect shareholding will reach 20.89% of the total shares post-issuance, further solidifying its control [3] Group 3: Background of Related Parties - Jiangxi Xingsheng was established in August 2010 with a registered capital of 10 million yuan, focusing on investment management and consulting [3] - Beiyuan Intelligent was founded in December 2025 with a registered capital of 950 million yuan, and its actual controller is also the Jiangxi Provincial State-owned Assets Supervision and Administration Commission [3] - Jiangxi Guozhi Venture Capital, established in May 2012 with a registered capital of 30.238 million yuan, is a wholly-owned subsidiary of Jiangxi Guokong, which operates multiple listed companies and has substantial assets and profits, providing strong capital support for the transaction [4]

从出口市场结构看，呈现出明显分化特征。对中国出口额为134.1亿美元，同比下降1.8%；对美国 出口额达94.2亿美元，同比增长0.8%；对欧盟出口额为66.1亿美元，同比增长8.6%。与此同时，对印 度、日本等新兴和重点市场出口表现亮眼，出口额分别增长24.1%和19.1%。 具体来看，11月电话及零部件出口额仅为39.9亿美元，较上月出现明显回落。不过，从全年走势 看，该类产品出口仍保持增长态势。2025年前11个月，手机及零部件累计出口额达526.6亿美元，同比 增长4.8%，同比增加24.2亿美元。 （原标题：越南11月手机及零部件出口降幅超两成） 越南《越南经济时报》12月23日报道，越南海关数据显示，2025年11月越南货物出口额为391.1亿 美元，环比下降7%。在主要出口品类中，手机及其零部件出口降幅最为显著，环比下降21.5%，成为当 月少数降幅超过20%的重点品类之一。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company's operating performance continues to improve, with a revenue of 6.462 billion yuan in the first three quarters of 2025, a year-on-year increase of 1.07%. The net profit attributable to shareholders decreased by 8.77% to 486 million yuan, while the net profit excluding non-recurring items increased by 4.69% to 429 million yuan [4] - The company is capitalizing on the recovery in consumer electronics, optimizing its product structure, and benefiting from increased shipments of AI terminal products such as smartphones and smart wearables [5] - Significant progress has been made in commercial satellite communication and smart automotive sectors, establishing a unique advantage in the commercial satellite field and enhancing global delivery efficiency through manufacturing bases in Vietnam and Mexico [6] Financial Performance and Forecast - The company is expected to achieve revenues of 9.618 billion yuan, 10.813 billion yuan, and 12.870 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 751 million yuan, 935 million yuan, and 1.191 billion yuan for the same years [7] - The projected growth rates for revenue are 10.01%, 12.42%, and 19.02% for the years 2025, 2026, and 2027 respectively [9] - The company's gross margin is expected to improve, with a forecasted gross margin of 22.1% in 2025 and 23.1% in 2027 [12]

格隆汇12月24日丨硕贝德(300322.SZ)在互动平台表示，公司应用于新能源汽车动力电池包及储能的液 冷板产品已批量供货；给台湾客户送样的服务器液冷板等散热产品，目前正在测试中。 ...

格隆汇12月24日丨超频三(300647.SZ)在投资者互动平台表示，目前，公司散热领域涉及的散热产品主 要包括消费电子散热配件、LED照明散热组件等，主要用于CPU等机箱内热源的散热及LED照明灯具的 散热；同时，公司参股持有深圳市链力液冷设备技术有限公司10%的股权。 ...

富士康板块领涨，上涨1.78%，其中快克智能上涨10.01%，亚翔集成上涨8.83%，胜宏科技上涨3.77%， 深南电路、劲拓股份涨超2%。（AI生成） ...

公司发布的三季报数据显示，前三季公司共实现营业收入11.97亿元，同比增长6.03%，实现净利 润-6445.38万元，同比增长19.96%，基本每股收益为-0.2507元。（数据宝） 智动力12月23日披露，截至12月20日公司股东户数为17232户，较上期（12月10日）减少1305户，环比 降幅为7.04%。这已是该公司股东户数连续第2期下降。 证券时报·数据宝统计，截至发稿，智动力最新股价为14.74元，下跌0.81%，本期筹码集中以来股价累 计平盘报收。具体到各交易日，3次上涨，6次下跌。 （文章来源：证券时报网） ...