1月27日，深圳市光明区二届人大四次会议开幕。光明区政府工作报告回顾"十四五"时期和2025年工 作，提出"十五五"时期发展目标任务，部署2026年重点工作。 重大科技创新载体"比邻而居"，更与周边的各类中试平台、创新中心、孵化基地、成果转化专业园区等 形成联动、协作，共同构建了极具优势的"创新生态"。从"聚能"到"释能"，光明科学城活力奔涌，加速 激发创新"裂变"。 2026年是"十五五"开局之年。报告强调，光明要锚定建设世界一流科学城的核心使命，把设施平台高水 平运营、科技攻关和成果转化作为重中之重，着力提高科学竞争力和影响力。 深圳市光明区正加快建设"一城三区"（高标准建设世界一流科学城，加快打造大湾区综合性国家科学中 心先行启动区、更具全球影响力的产业科技创新中心和粤港澳大湾区高水平人才高地的核心承载区）， 科学与产业是光明发展的"强引擎"。光明区政府工作报告中释放了有关科学、产业发展的诸多关键信 息、重要谋划。 科学 在建运营的重大科技创新载体达22个，推动大科学设施高水平运营 作为大湾区综合性国家科学中心先行启动区，光明科学城与国家战略紧密相连，肩负着打造国家战略科 技力量的使命。在光明科学城，重 ...

1月27日，华润微涨0.21%，截至发稿，报68.19元/股，成交17.45亿元，换手率1.93%，总市值905.24亿 元。华润微股价已经连续3天上涨，区间累计涨幅6.5%。 资料显示，华润微电子有限公司位于江苏省无锡市梁溪路14号,上海市静安区市北智汇园汶水路299弄12 号，成立日期2003年1月28日，上市日期2020年2月27日，公司主营业务涉及功率半导体、智能传感器及 智能控制产品的设计、生产及销售,以及提供开放式晶圆制造、封装测试等制造服务。主营业务收入构 成为：产品与方案54.34%，制造与服务42.92%，其他(补充)2.74%。 从华润微十大流通股东角度 数据显示，华夏基金旗下1只基金位居华润微十大流通股东。华夏上证科创板50成份ETF（588000）三 季度减持1057.23万股，持有股数1873.55万股，占流通股的比例为1.41%。根据测算，今日浮盈赚取约 262.3万元。连续3天上涨期间浮盈赚取7793.99万元。 华夏上证科创板50成份ETF（588000）成立日期2020年9月28日，最新规模760.22亿。今年以来收益 14%，同类排名538/5548；近一年收益56.83% ...

Core Viewpoint - The company, Lianchuang Optoelectronics, is expected to achieve significant growth in its financial performance for 2025, with projected net profit increasing by 80.36% to 120.57% year-on-year, driven by advancements in its laser business and a reduction in losses from its backlight source segment [1][2][4]. Financial Performance - The company anticipates a net profit attributable to shareholders of between 4.35 billion to 5.32 billion yuan for 2025, an increase of 1.93 billion to 2.9 billion yuan compared to the previous year [1][2]. - The expected non-recurring net profit is projected to be between 3.83 billion to 4.92 billion yuan, reflecting a year-on-year increase of 100.70% to 157.82% [1][2]. - Historical performance shows that the company's net profit was 1.95 billion yuan in 2019, with fluctuations in subsequent years, including a decline in 2024 due to backlight source business challenges [3]. Business Transformation - The company is actively transforming from traditional industries to technology-driven sectors, focusing on laser technology and high-temperature superconductors [1][2][10]. - Significant investments have been made in research and development, totaling 1.08 billion yuan over the past seven years, with a focus on innovation in laser technology [11]. Segment Performance - The laser business has seen substantial growth, with revenue from laser series and traditional LED chips reaching 1.28 billion yuan in the first half of 2025, marking a year-on-year increase of 176.87% [10]. - The backlight source segment, while previously a drag on performance, has shown improvement with a revenue increase of 17.95% to 5.96 billion yuan in the first half of 2025, as the company shifts focus to industrial control, automotive, and tablet backlight sources [9][10]. Market Position and Stock Performance - The company's stock has performed well, with a notable increase from a low of 42.85 yuan per share to a high of 78.76 yuan, representing an 83.8% increase [5]. - As of January 23, 2025, the company's market capitalization stands at 31.98 billion yuan [5]. Shareholder Structure - The controlling shareholder, Jiangxi Electronic Group, has a high pledge rate, with 79.94% of its shares pledged as of the announcement date [6][7].

Group 1 - The core point of the news is that China Resources Microelectronics has experienced a continuous decline in stock price, dropping 7.21% over the last five days, with the current stock price at 56.15 CNY per share and a market capitalization of 74.541 billion CNY [1] - The company, established on January 28, 2003, specializes in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as providing open wafer manufacturing and packaging testing services [1] - The revenue composition of the company is as follows: 54.34% from products and solutions, 42.92% from manufacturing and services, and 2.74% from other sources [1] Group 2 - From the perspective of fund holdings, a fund under Anxin Asset Management has China Resources Microelectronics as its eighth largest holding, with 18,900 shares, accounting for 0.87% of the fund's net value [2] - The fund, Anxin SSE Sci-Tech Innovation Index Enhanced Initiation A (023908), has reported a year-to-date return of 8.34% and a cumulative return of 48.8% since inception [2] - The fund managers, Shi Rongsheng and Zhu Zhouyang, have varying tenures and performance records, with Shi having a total asset scale of 2.263 billion CNY and Zhu managing 166 million CNY [2]

Core Viewpoint - The stock price of China Resources Microelectronics has shown a modest increase of 4.03% year-to-date, with a recent trading volume indicating active market participation and a total market capitalization of 73 billion yuan [1][2]. Company Overview - China Resources Microelectronics, established on January 28, 2003, and listed on February 27, 2020, is located in Wuxi, Jiangsu Province, and Shanghai. The company specializes in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as providing open wafer manufacturing and packaging testing services [2]. - The revenue composition of the company is as follows: 54.34% from products and solutions, 42.92% from manufacturing and services, and 2.74% from other sources [2]. Financial Performance - For the period from January to September 2025, China Resources Microelectronics reported a revenue of 8.069 billion yuan, reflecting a year-on-year growth of 7.99%. The net profit attributable to shareholders was 526 million yuan, marking a 5.25% increase compared to the previous year [2]. - The company has distributed a total of 886 million yuan in dividends since its A-share listing, with 521 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for China Resources Microelectronics reached 52,500, an increase of 19.22% from the previous period. The average number of circulating shares per shareholder decreased by 16.12% to 25,309 shares [2]. - The top ten circulating shareholders include several ETFs, with notable reductions in holdings for major funds such as E Fund and Huaxia ETFs [3].

争 匆 - 联创光电中标资阳商业航天发射技术研究院项目,合同金额 1,960万元, ● 标志着其商业航天电磁发射技术首个工程化订单成功交付,为未来批量化 订单积累经验,公司正积极准备产能以应对潜在的大规模需求。 可控核聚变被视为终极能源,2025年被认为是资本开支元年,联创光电 ● 基于超导磁体产品进行前瞻布局。2025年11月该领域招标额激增至 40 亿元,预示未来成都、南昌、上海等地将加大投入,为联创光电带来市场 机会。 可控核聚变核心投资逻辑在于其技术和市场潜力。联创光电在托卡马克装 ● 置中高温超导磁体设计和生产具备优势,价值量占比约 40%。参与南昌星 火 1 号反应堆项目,预计启动局将带来约 50 亿元订单。 联创光电在激光反无人机领域取得进展,"光刃一代"和"光刃二代"已 完成设计、研编和验收，主要用于短距离打击无人机，随着下游需求损害人。" 产品凝影搬家，主要用于短距离打击无人机，随着下游需求损需求损害骗小】 shuimu2026 bet 产品逐步成熟并具备广阔市场前景。 行研报 ： 方面,智能控制产品和背光源业务通过调整业务结构,提升管理能力,改 善盈利能力。2025年前三季度,公司毛利率达 ...

Core Viewpoint - The acquisition of the chip design company Silingke by Tongye Technology marks a strategic expansion into the power IoT communication chip sector, indicating the company's intent to establish a "second growth curve" beyond its core rail transit equipment business [1][13]. Group 1: Acquisition Details - Tongye Technology plans to acquire 91.69% of Silingke for 561 million yuan, a reduction from the previously proposed 100% acquisition [3]. - The valuation of Silingke has been adjusted from a maximum of 670 million yuan to 612 million yuan due to minor discrepancies in financial data, alleviating some financial pressure on Tongye Technology [2]. - The acquisition will be financed partly through a loan from Tongye's actual controllers, which will help reduce external financing needs and financial costs [2]. Group 2: Financial Performance of Silingke - Silingke, founded by a team of PhD researchers from the Chinese Academy of Sciences in 2016, focuses on the research, design, and sales of IoT communication chips, particularly for power systems [4]. - The company has shown stable financial performance with projected net profits of 27.71 million yuan and 20.36 million yuan for 2023 and 2024, respectively [5]. - Silingke's revenue from self-developed chips has consistently accounted for over 89% of its main business income in recent years [5]. Group 3: Synergies and Strategic Fit - The merger is expected to create synergies in business, technology, marketing, and management between Tongye Technology and Silingke, enhancing operational efficiency [8][9]. - Tongye Technology's existing products can integrate Silingke's communication chips, improving communication efficiency and reducing construction difficulties in rail transit systems [9]. - Both companies share similar customer bases, allowing for streamlined marketing and service integration post-acquisition [10]. Group 4: Profit Commitment and Future Outlook - Silingke's core team has committed to achieving a cumulative net profit of no less than 175 million yuan over three years, which aligns with reasonable valuation metrics compared to similar acquisitions [11][12]. - The acquisition is seen as a strategic move to tap into the growing power IoT chip market, which is supported by favorable policies and has significant growth potential [13].

Group 1 - The core point of the article is that Lianchuang Optoelectronics announced the shareholding and pledge status of its controlling shareholder, Jiangxi Electronics Group, along with its revenue composition for the first half of 2025 [1] Group 2 - Jiangxi Electronics Group holds approximately 94.74 million shares of Lianchuang Optoelectronics, accounting for 21.01% of the total share capital [1] - After the release and re-pledge of shares, the total pledged shares amount to approximately 75.71 million, representing 79.92% of the shares held by the controlling shareholder and 16.79% of the total share capital [1] - For the first half of 2025, the revenue composition of Lianchuang Optoelectronics is as follows: smart control products 49.81%, backlight sources and application products 36.15%, semiconductor laser series and aerospace microelectronic components 7.77%, optoelectronic communication cables and intelligent equipment cables and metal materials 4.45%, and other businesses 1.83% [1] - As of the report date, Lianchuang Optoelectronics has a market capitalization of 26.1 billion yuan [1]

Core Viewpoint - China Resources Microelectronics (华润微) has experienced fluctuations in stock performance, with a recent decline of 2.00% in midday trading, reflecting a total market capitalization of 66.257 billion yuan [1][2]. Company Overview - China Resources Microelectronics, established on January 28, 2003, and listed on February 27, 2020, is located in Wuxi, Jiangsu Province, and Shanghai. The company specializes in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as providing open wafer manufacturing and packaging testing services [2]. - The revenue composition of the company includes 54.34% from products and solutions, 42.92% from manufacturing and services, and 2.74% from other sources [2]. Stock Performance - Year-to-date, the stock price of China Resources Microelectronics has increased by 5.95%, with a 7.98% rise over the last five trading days. However, it has seen a decline of 4.58% over the past 60 days [2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 8.069 billion yuan, representing a year-on-year growth of 7.99%. The net profit attributable to shareholders was 526 million yuan, reflecting a growth of 5.25% [2]. Dividend Distribution - Since its A-share listing, China Resources Microelectronics has distributed a total of 886 million yuan in dividends, with 521 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 19.22% to 52,500, while the average circulating shares per person decreased by 16.12% to 25,309 shares [2]. - The top ten circulating shareholders include various ETFs, with notable reductions in holdings for several funds, indicating a shift in institutional investment [3].

Core Viewpoint - Huazhu Microelectronics has shown a positive stock performance with a year-to-date increase of 13.79% and a market capitalization of 71.156 billion yuan as of October 24 [1]. Financial Performance - For the first half of 2025, Huazhu Microelectronics reported a revenue of 5.218 billion yuan, reflecting a year-on-year growth of 9.62%, and a net profit attributable to shareholders of 339 million yuan, which is a 20.85% increase compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 886 million yuan, with 521 million yuan distributed over the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 9.77% to 44,000, while the average number of tradable shares per person increased by 10.83% to 30,173 shares [2]. - The top circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 14.9252 million shares, and several ETFs that have adjusted their positions [3].