1月5日，中光防雷盘中上涨2.01%，截至13:20，报15.25元/股，成交3.67亿元，换手率7.76%，总市值 49.72亿元。 截至9月30日，中光防雷股东户数3.25万，较上期减少31.48%；人均流通股9633股，较上期增加 45.95%。2025年1月-9月，中光防雷实现营业收入3.48亿元，同比增长11.58%；归母净利润1713.49万 元，同比增长342.89%。 分红方面，中光防雷A股上市后累计派现9878.11万元。近三年，累计派现1336.68万元。 机构持仓方面，截止2025年9月30日，中光防雷十大流通股东中，广发量化多因子混合A（005225）位 居第五大流通股东，持股88.46万股，为新进股东。华泰柏瑞中证2000指数增强A（019923）位居第六大 流通股东，持股88.18万股，为新进股东。国泰海通中证500指数增强A（014155）位居第九大流通股 东，持股67.02万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流出2151.57万元，特大单买入893.64万元，占比2.44%，卖出1004.80万元， 占比2.74%；大单买入5101.43万元，占比1 ...

坤恒顺维所属申万行业为：通信-通信设备-其他通信设备。所属概念板块包括：军民融合、卫星导航、 专精特新、5G、航天军工等。 截至9月30日，坤恒顺维股东户数3240.00，较上期增加31.60%；人均流通股37592股，较上期增加 8.26%。2025年1月-9月，坤恒顺维实现营业收入1.57亿元，同比增长29.66%；归母净利润2618.98万元， 同比增长57.85%。 分红方面，坤恒顺维A股上市后累计派现6336.65万元。近三年，累计派现5815.85万元。 机构持仓方面，截止2025年9月30日，坤恒顺维十大流通股东中，易方达战略新兴产业股票A （010391）退出十大流通股东之列。 12月31日，坤恒顺维盘中下跌2.00%，截至09:53，报38.22元/股，成交1894.27万元，换手率0.40%，总 市值46.55亿元。 资金流向方面，主力资金净流出142.02万元，大单买入196.38万元，占比10.37%，卖出338.41万元，占 比17.86%。 坤恒顺维今年以来股价涨56.90%，近5个交易日涨11.66%，近20日涨8.64%，近60日涨13.78%。 资料显示，成都坤恒顺维科技股份 ...

Investment Rating - The report maintains an "Outperform" rating for the communication industry, consistent with the previous rating [5]. Core Insights - Marvell Technology, Inc. has launched the "Golden Cable" initiative to accelerate and expand the Active Electrical Cable (AEC) ecosystem, facilitating faster time-to-market for large-scale AI deployments. This initiative provides leading software, validated reference designs, and comprehensive support in an open model [2][24]. - LightCounting forecasts that the CPO market will reach $10 billion by 2030, with significant contributions from companies like Broadcom and NVIDIA, who are expected to launch integrated CPO products by 2026. Marvell will also leverage its acquisition of Celestial AI technology to introduce similar products, with shipments starting in 2027 [2][31]. - USI plans to establish a production capacity of over 1 million units of 800G and 1.6T silicon photonic modules in Vietnam, focusing on data center-related businesses and accelerating product and capacity development [3][36]. Summary by Sections Market Overview - The communication index rose by 4.07% during the week of December 22-28, 2025, outperforming other major indices [14]. - Among the communication sub-sectors, communication cables and accessories saw the highest increase at 6.52%, followed by other communication equipment (5.90%) and communication terminals and accessories (5.38%) [17]. Industry Dynamics - Marvell's "Golden Cable" initiative aims to support the growing demand for AEC in AI data centers, with market size projected to grow from $644 million in 2025 to $1.4 billion by 2029 [24][25]. - LightCounting's report indicates that the CPO market is gaining traction, with expected growth driven by advancements in AI and networking technologies [29][30]. - USI's investment in Vietnam is part of a broader strategy to meet the increasing demand for optical modules in North America, with plans to expand production capacity significantly [36][37].

机构持仓方面，截止2025年9月30日，佳讯飞鸿十大流通股东中，长城久嘉创新成长混合A（004666） 位居第二大流通股东，持股1300.00万股，持股数量较上期不变。香港中央结算有限公司位居第七大流 通股东，持股639.63万股，为新进股东。华夏稳盛混合（005450）位居第十大流通股东，持股516.12万 股，为新进股东。兴业兴睿两年持有期混合A（013910）、兴业研究精选混合A（010460）退出十大流 通股东之列。 12月26日，佳讯飞鸿盘中下跌2.06%，截至10:18，报9.53元/股，成交1.17亿元，换手率2.21%，总市值 56.64亿元。 资金流向方面，主力资金净流出1416.66万元，特大单买入172.54万元，占比1.47%，卖出527.75万元， 占比4.50%；大单买入1668.74万元，占比14.23%，卖出2730.18万元，占比23.29%。 佳讯飞鸿今年以来股价涨24.74%，近5个交易日涨2.69%，近20日涨9.29%，近60日跌4.12%。 资料显示，北京佳讯飞鸿电气股份有限公司位于北京市海淀区锦带路88号院1号楼，成立日期1995年1月 26日，上市日期2011年 ...

12月25日，广哈通信盘中上涨2.01%，截至11:12，报22.81元/股，成交6499.58万元，换手率1.16%，总 市值56.84亿元。 分红方面，广哈通信A股上市后累计派现1.43亿元。近三年，累计派现9136.26万元。 资金流向方面，主力资金净流入211.78万元，大单买入1196.05万元，占比18.40%，卖出984.27万元，占 比15.14%。 机构持仓方面，截止2025年9月30日，广哈通信十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股145.48万股，相比上期增加113.76万股。博道成长智航股票A（013641）位居第三大流通 股东，持股93.33万股，为新进股东。大成中证360互联网+指数A（002236）位居第五大流通股东，持 股76.02万股，相比上期增加6.00万股。中邮军民融合灵活配置混合A（004139）退出十大流通股东之 列。 广哈通信今年以来股价跌0.61%，近5个交易日涨3.92%，近20日涨4.49%，近60日涨7.95%。 责任编辑：小浪快报 资料显示，广州广哈通信股份有限公司位于广东省广州市高新技术产业开发区科学城南云一路16号，成 立日期1 ...

12月18日，东方通信盘中下跌2.01%，截至14:26，报15.10元/股，成交7.99亿元，换手率5.42%，总市值 189.66亿元。 资金流向方面，主力资金净流出6567.79万元，特大单买入2685.72万元，占比3.36%，卖出6100.68万 元，占比7.64%；大单买入1.32亿元，占比16.56%，卖出1.64亿元，占比20.51%。 东方通信今年以来股价涨35.68%，近5个交易日涨3.21%，近20日涨17.15%，近60日涨10.38%。 今年以来东方通信已经1次登上龙虎榜，最近一次登上龙虎榜为9月11日，当日龙虎榜净买入-8041.10万 元；买入总计1.29亿元 ，占总成交额比8.89%；卖出总计2.10亿元 ，占总成交额比14.43%。 东方通信所属申万行业为：通信-通信设备-其他通信设备。所属概念板块包括：卫星互联网、航天军 工、5G、中国电科集团、基金重仓等。 截至10月31日，东方通信股东户数11.53万，较上期减少1.56%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，东方通信实现营业收入16.27亿元，同比减少17.41%；归母净利润3.64亿元，同比 ...

12月18日，东土科技盘中上涨2.11%，截至10:53，报19.82元/股，成交1.22亿元，换手率1.16%，总市值 121.87亿元。 资金流向方面，主力资金净流入413.18万元，特大单买入366.71万元，占比3.00%，卖出294.54万元，占 比2.41%；大单买入2490.76万元，占比20.36%，卖出2149.76万元，占比17.57%。 东土科技今年以来股价涨72.65%，近5个交易日涨0.51%，近20日跌6.38%，近60日跌14.09%。 今年以来东土科技已经3次登上龙虎榜，最近一次登上龙虎榜为4月2日，当日龙虎榜净买入2.15亿元； 买入总计5.34亿元 ，占总成交额比13.20%；卖出总计3.19亿元 ，占总成交额比7.89%。 资料显示，北京东土科技股份有限公司位于北京市石景山区实兴大街30号院2号楼8层至12层，成立日期 2000年3月27日，上市日期2012年9月27日，公司主营业务涉及工业控制网络领域硬件设备的研发、生产 和销售,并为工业控制系统信息传输提供解决方案。主营业务收入构成为：工业网络通信68.97%，智能 控制器及解决方案20.05%，工业操作系统及相关软件 ...

Core Viewpoint - Dongtu Technology's stock price has shown significant volatility, with a year-to-date increase of 79.53%, but recent trends indicate a decline over the past 20 and 60 days [1][2]. Group 1: Stock Performance - On November 28, Dongtu Technology's stock rose by 2.08%, reaching 20.61 CNY per share, with a trading volume of 114 million CNY and a turnover rate of 1.04%, resulting in a total market capitalization of 12.673 billion CNY [1]. - The stock has experienced a net inflow of 3.764 million CNY from main funds, with large orders contributing 27.2236 million CNY in purchases, accounting for 23.90% of total trading [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on April 2, where it recorded a net purchase of 215 million CNY [1]. Group 2: Company Overview - Dongtu Technology, established on March 27, 2000, and listed on September 27, 2012, specializes in the research, production, and sales of hardware devices in the industrial control network sector [2]. - The company's main business revenue breakdown is as follows: industrial network communication (68.97%), smart controllers and solutions (20.05%), and industrial operating systems and related software services (10.98%) [2]. - As of September 30, the number of shareholders decreased by 9.62% to 58,700, while the average circulating shares per person increased by 10.88% to 9,177 shares [2]. Group 3: Financial Performance - For the period from January to September 2025, Dongtu Technology reported a revenue of 501 million CNY, reflecting a year-on-year decrease of 11.72%, while the net profit attributable to shareholders was -148 million CNY, showing a year-on-year increase of 1.32% [2]. Group 4: Dividend Information - Since its A-share listing, Dongtu Technology has distributed a total of 107 million CNY in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - The stock price of Yinghantong has shown a significant increase of 44.96% year-to-date, but has recently experienced declines over various trading periods, indicating potential volatility in the stock performance [2]. Company Overview - Yinghantong Network Technology Co., Ltd. was established on May 29, 2001, and went public on February 12, 2020. The company is based in Beijing and specializes in the research and application of industrial IoT technology [3]. - The main revenue sources for Yinghantong include industrial IoT products (52.00%), smart vending control systems (16.17%), digital distribution network products (15.15%), enterprise network products (13.96%), and technical services and others (2.72%) [3]. Financial Performance - For the period from January to September 2025, Yinghantong achieved a revenue of 550 million yuan, representing a year-on-year growth of 34.61%. The net profit attributable to shareholders was 103 million yuan, reflecting a year-on-year increase of 23.00% [3]. - As of September 30, 2025, the company has distributed a total of 60.83 million yuan in dividends since its A-share listing, with 34.62 million yuan distributed over the past three years [4]. Stock Market Activity - As of November 24, the stock price of Yinghantong was 47.43 yuan per share, with a trading volume of 37.25 million yuan and a turnover rate of 1.08%. The total market capitalization stood at 3.494 billion yuan [1]. - The stock has seen a net outflow of 3.58 million yuan in principal funds, with large orders accounting for 19.28% of purchases and 28.90% of sales [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Yinghantong was 9,819, an increase of 44.72% from the previous period. The average number of circulating shares per person decreased by 31.08% to 7,501 shares [3].

Group 1 - The core viewpoint of the news is that Dongtu Technology's stock has experienced fluctuations, with a year-to-date increase of 84.67% but a recent decline in the last five trading days by 3.64% [1] - As of November 14, Dongtu Technology's stock price is 21.20 yuan per share, with a market capitalization of 13.036 billion yuan [1] - The company has seen a net outflow of main funds amounting to 16.6873 million yuan, with significant selling pressure observed [1] Group 2 - Dongtu Technology, established on March 27, 2000, specializes in the research, production, and sales of hardware devices in the industrial control network field [2] - The company's main business revenue composition includes 68.97% from industrial network communication, 20.05% from intelligent controllers and solutions, and 10.98% from industrial operating systems and related software services [2] - As of September 30, the number of shareholders is 58,700, a decrease of 9.62% from the previous period, while the average circulating shares per person increased by 10.88% [2] Group 3 - Dongtu Technology has distributed a total of 107 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]