从基金十大重仓股角度 1月29日，腾景科技跌5.01%，截至发稿，报195.16元/股，成交12.01亿元，换手率4.60%，总市值252.44 亿元。 资料显示，腾景科技股份有限公司位于福建省福州市马尾科技园区珍珠路2号(自贸试验区内)，成立日 期2013年10月12日，上市日期2021年3月26日，公司主营业务涉及专业从事各类精密光学元件、光纤器 件研发、生产和销售。主营业务收入构成为：精密光学元组件78.87%，光纤器件16.65%，光测试仪器 4.43%，其他0.05%。 嘉实中证2000ETF（159535）基金经理为李直。 截至发稿，李直累计任职时间8年37天，现任基金资产总规模224.95亿元，任职期间最佳基金回报 96.29%， 任职期间最差基金回报-50.62%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，嘉实基金旗下1只基金重仓腾景科技。嘉实中证2000ETF（159535）四 ...

中加新兴成长混合A（009855）基金经理为张一然。 截至发稿，张一然累计任职时间4年181天，现任基金资产总规模5.15亿元，任职期间最佳基金回报 112.02%， 任职期间最差基金回报-1.92%。 1月23日，腾景科技跌5.28%，截至发稿，报203.66元/股，成交10.62亿元，换手率3.95%，总市值263.43 亿元。 资料显示，腾景科技股份有限公司位于福建省福州市马尾科技园区珍珠路2号(自贸试验区内)，成立日 期2013年10月12日，上市日期2021年3月26日，公司主营业务涉及专业从事各类精密光学元件、光纤器 件研发、生产和销售。主营业务收入构成为：精密光学元组件78.87%，光纤器件16.65%，光测试仪器 4.43%，其他0.05%。 从基金十大重仓股角度 数据显示，中加基金旗下1只基金重仓腾景科技。中加新兴成长混合A（009855）四季度持有股数1.77万 股，占基金净值比例为4.13%，位居第八大重仓股。根据测算，今日浮亏损失约20.14万元。 中加新兴成长混合A（009855）成立日期2020年9月17日，最新规模2352.41万。今年以来收益6.3%，同 类排名3793/884 ...

Group 1 - The core viewpoint of the news is that Tengjing Technology's stock has experienced a decline of 5.02%, with a current price of 175.61 CNY per share and a total market capitalization of 22.715 billion CNY [1] - Tengjing Technology, established on October 12, 2013, specializes in the research, production, and sales of precision optical components and fiber optic devices, with its main revenue sources being precision optical components (78.87%), fiber optic devices (16.65%), and optical testing instruments (4.43%) [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Tengjing Technology, specifically the China Merchants Core Equipment Mixed A Fund (014686), which held 30,200 shares, accounting for 3.49% of the fund's net value [2] - The China Merchants Core Equipment Mixed A Fund has a total scale of 67.719 million CNY and has reported a year-to-date return of 20.74%, ranking 3754 out of 8127 in its category [2] Group 3 - The fund manager of the China Merchants Core Equipment Mixed A Fund is Feng Fuzhang, who has been in the position for approximately 3 years and 271 days, with the fund's total asset scale at 311 million CNY [3] - During Feng Fuzhang's tenure, the best fund return was -27.48%, while the worst return was -33.46% [3]

Core Viewpoint - The rapid increase in stock prices of Tengjing Technology is driven by the booming demand for AI computing power and the strong performance of the optical communication module sector, which has seen an overall price increase of over 60% this year [2][5]. Company Performance - Tengjing Technology's revenue for 2022, 2023, and 2024 was 344 million, 340 million, and 445 million yuan respectively, with net profits of 58 million, 42 million, and 69 million yuan. In 2024, revenue and net profit are expected to grow by 30.96% and 66.53% year-on-year [3]. - For the first three quarters of 2025, the company reported revenues of 425 million yuan and net profits of 64 million yuan, reflecting year-on-year growth of 28.11% and 15% respectively [3][4]. Stock Performance - Tengjing Technology's stock price surged by 64.59% within eight trading days, reaching a closing price of 186 yuan on November 26, 2025, compared to 113.01 yuan on November 14, 2025 [2]. - The stock has shown a cumulative increase of nearly 70% in November alone and over 360% year-to-date [2]. Market Dynamics - The optical communication module sector has become a "star track" in the capital market, with multiple companies, including Source Jie Technology and Yongding Co., seeing their stock prices double this year [2][5]. - The growth in the optical communication module market is attributed to the explosive demand for AI computing power, technological advancements, and supportive policies [8]. Investor Sentiment - Investor sentiment regarding Tengjing Technology's stock performance is mixed, with some expressing concern over the rapid price increase while others remain optimistic about further growth potential [9].

Core Viewpoint - The rapid growth of AI computing power has led to a significant boom in the optical communication module sector, with stock prices in this segment rising over 60% this year, highlighting the sector's attractiveness to investors [2][5]. Company Performance - Tengjing Technology, a leader in precision optical components, has seen its stock price surge dramatically, with a 64.59% increase over just eight trading days in November, reaching a high of 209.99 yuan per share [2]. - The company's revenue and net profit for 2024 are projected to grow by 30.96% and 66.53% respectively, driven by increased demand for high-speed optical communication components due to AI computing needs [3]. - For the first three quarters of 2025, Tengjing Technology reported revenues of 4.25 billion yuan and a net profit of 640 million yuan, reflecting year-on-year growth of 28.11% and 15% [3]. Financial Health - The net cash flow from operating activities for Tengjing Technology has shown consistent growth, reaching 950 million yuan by the third quarter of 2025 [4]. - As of the end of the third quarter of 2025, the company had cash reserves of 1.08 billion yuan [4]. Industry Trends - The optical communication module sector has become a "star concept" in the market, with multiple companies in this space experiencing significant stock price increases this year [5]. - The growth in this sector is attributed to a combination of surging AI computing demand, technological advancements, and supportive policies, which have collectively driven explosive order growth [8]. Investor Sentiment - Investor sentiment regarding Tengjing Technology's stock performance is mixed, with some expressing concern over the rapid price increase while others remain optimistic about its potential to reach 400 yuan [9].

Group 1 - The core viewpoint of the news is that Tengjing Technology experienced a decline in stock price and significant trading activity, indicating potential volatility in the market [1] - On November 21, Tengjing Technology's stock fell by 3.55%, with a trading volume of 2.971 billion yuan. The net financing buy was -63.2585 million yuan, with a total financing balance of 753 million yuan, which is 3.83% of the circulating market value [1] - The company has a high financing balance, exceeding the 80th percentile of the past year, indicating elevated investor interest or risk [1] Group 2 - As of September 30, Tengjing Technology reported a total of 16,800 shareholders, an increase of 57.31% from the previous period, while the average circulating shares per person decreased by 36.43% [2] - For the period from January to September 2025, the company achieved operating revenue of 425 million yuan, a year-on-year increase of 28.11%, and a net profit attributable to shareholders of 63.8025 million yuan, up 15.00% year-on-year [2] - Since its A-share listing, Tengjing Technology has distributed a total of 91.1065 million yuan in dividends, with 52.9483 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Tengjing Technology has seen a significant stock price increase of 5.49%, reaching 123.43 CNY per share, with a trading volume of 8.88 billion CNY and a market capitalization of 159.66 billion CNY [1] - Tengjing Technology, established on October 12, 2013, and listed on March 26, 2021, specializes in the research, production, and sales of various precision optical components and fiber optic devices [1] - The company's main business revenue composition includes precision optical components at 78.87%, fiber optic devices at 16.65%, optical testing instruments at 4.43%, and other products at 0.05% [1] Group 2 - According to data from the top ten holdings of funds, one fund under E Fund has a significant position in Tengjing Technology, with 448,600 shares held, accounting for 2.96% of the fund's net value [2] - The E Fund Science and Technology Innovation Board Two-Year Open Mixed Fund (506002) has achieved a return of 63.15% year-to-date, ranking 460 out of 8,219 in its category [2] - The fund's total scale is 1.793 billion CNY, and it has generated a floating profit of approximately 2.8802 million CNY from its investment in Tengjing Technology [2]

Investment Rating - The report gives a "Buy" rating for the company with a target price of 146.90 RMB based on a PE ratio of 158 for 2026 [4]. Core Views - The company focuses on the optical optoelectronics field, establishing differentiated competition and binding high-quality customers. It has shown steady growth with a revenue of 430 million RMB in the first three quarters of 2025, a year-on-year increase of 28%, and a net profit of 63.8 million RMB, up 15% year-on-year [2]. - The global optical module market is projected to grow from 14.7 billion USD in 2025 to 42.5 billion USD by 2032, with a compound annual growth rate (CAGR) of approximately 16% [2]. - The company has established partnerships with major global optical module manufacturers, which is expected to drive revenue growth due to strong downstream customer demand [2]. Summary by Sections Section 1: Focus on Optical Devices - The company has been deeply engaged in the optoelectronics field for over ten years, with a diversified product layout including precision optical components and fiber optic devices [14]. - The company has a relatively concentrated shareholding structure, with a stable core management team possessing strong technical backgrounds [21][25]. - The company is expected to benefit from increased demand for computing power, returning to a growth trajectory in 2024 with projected revenue of 450 million RMB, a 31% year-on-year increase [26]. Section 2: AI-Driven Growth in Optical Communication - The optical communication business is solid, benefiting from the AI wave, with the global optical module market expected to reach 12.62 billion USD in 2024 [38]. - The company’s products primarily serve the telecommunications and data communication markets, with significant growth opportunities driven by AI-related demand [40]. - Major cloud service providers are expected to increase capital expenditures significantly, which will create opportunities for the optical module and core component markets [40]. Section 3: Core Technology Platform - The company has established a systematic six-core technology platform through independent research and development, enhancing customer stickiness with customized services [70].

Core Viewpoint - Tengjing Technology has experienced a significant stock price increase, with a 24.57% rise over the past week, indicating strong market interest and potential investor confidence in the company [1]. Company Overview - Tengjing Technology Co., Ltd. is located in Fuzhou, Fujian Province, and was established on October 12, 2013. The company went public on March 26, 2021. Its main business involves the research, production, and sales of various precision optical components and fiber optic devices [1]. - The revenue composition of Tengjing Technology is as follows: precision optical components account for 78.87%, fiber optic devices for 16.65%, optical testing instruments for 4.43%, and other sources for 0.05% [1]. Fund Holdings - According to data, one fund under Caitong Securities Asset Management has a significant holding in Tengjing Technology. The Caitong Asset Management Stable Prosperity Six-Month Holding Period Mixed A Fund (014625) held 20,900 shares in the second quarter, representing 0.6% of the fund's net value, making it the ninth-largest holding [2]. - The fund has realized a floating profit of approximately 142,400 yuan today, with a total floating profit of 488,900 yuan during the seven-day price increase [2]. Fund Manager Performance - The fund managers of Caitong Asset Management Stable Prosperity Six-Month Holding Period Mixed A Fund are Gong Zhifang and Li Jing. Gong has a cumulative tenure of 8 years and 74 days, managing assets totaling 25.93 billion yuan, with the best fund return during his tenure being 39.79% and the worst being -9.12% [3]. - Li Jing has a cumulative tenure of 3 years and 362 days, managing assets of 230 million yuan, with the best fund return during his tenure being 101.08% and the worst being 9.8% [3].

Group 1 - The core viewpoint of the news is that Tengjing Technology has experienced a significant stock price increase, rising 5.75% on October 28, with a total market capitalization of 16.258 billion yuan and a cumulative increase of 24.57% over the past seven days [1] - Tengjing Technology specializes in the research, production, and sales of precision optical components and fiber optic devices, with its main business revenue composition being 78.87% from precision optical components, 16.65% from fiber optic devices, and 4.43% from optical testing instruments [1] - The stock has seen a trading volume of 3.77 billion yuan and a turnover rate of 2.39% on the reporting date [1] Group 2 - Tianzhi Fund has a significant holding in Tengjing Technology, with the Tianzhi China Manufacturing 2025 Mixed Fund (350005) holding 3,100 shares, representing 2.36% of the fund's net value, ranking as the ninth largest holding [2] - The fund has generated a floating profit of approximately 21,200 yuan today and a total of 72,700 yuan during the seven-day increase [2] - The Tianzhi China Manufacturing 2025 Mixed Fund has a total scale of 15.5074 million yuan and has achieved a year-to-date return of 22.16% [2]