【国金计算机&科技】3D 打印：钛粉降价，设备放量，3C订单爆发推动行业迎奇点 钛粉工艺从传统气雾化法向氢化脱氢+球化方式改良驱动得粉率及成本大幅改善，钛粉均价过去8-10年降幅达 95%，中期预计100-150元/kg，临近替换不锈钢、铝合金粉末价格边缘。 #产业信号端-26年头部钛粉玩家明确扩产接近10X。 #产业信号端-26年头部钛粉玩家明确扩产接近10X。 #中游-打印机效率三重通胀驱动制造环节进一步降本 激光器打印效率提升+打印机激光头数量提升+打印机零部件尺寸提升 三重通胀之下驱动打印效率指数级释放，同 时进一步压降制造成本。 #产业信号端-26年头部3D打印玩家设备出货量有望5X以上提升。 #下游-全球3C大客户技术导入节奏及订单体量均有望超预期 全球3C大客户正加速将3D打印钛合金应用在折叠屏手机铰链、钛合金边框、智能穿戴等精密部件中。 #产业信号端-近期北美客户下一代产品3D钛合金打印需求日渐清晰_3D打印设备有望承接超预期大单。 #投资建议：重点关注华曙高科、大族激光、飞沃科技、哈森股份、银邦股份、铂力特等。 #中游-打印机效率三重通胀驱动制造环节进一步降本 【国金计算机&科技】3D 打印 ...

深科达发布业绩快报，2025年度公司实现营业总收入6.73亿元，同比增长32.14%；净利润2502.01万 元，上年同期亏损1.06亿元。报告期内，全球 半导体行业稳步复苏，智能穿戴、 电子纸、 OLED 面板 等 消费电子细分领域需求呈稳步回暖态势。公司紧抓行业复苏的市场机遇，深化与优质客户的长期战 略合作，同时在研发、生产、销售及经营全流程系统的推进精益管理，经营效率与盈利水平同步提升。 受益于行业需求回暖与内部经营提效的双重驱动，公司毛利率、净利率水平较上年同期实现显著改善。 ...

【国金计算机&科技】 3C订单超预期，3D 打印景气度极速抬升 【国金计算机&科技】 3C订单超预期，3D 打印景气度极速抬升 #当创新遇到物理瓶颈_3D打印开启序章。 2024年全球3D打印市场规模已达219亿美元，预计未来10年将以18%的年复合增长率加速向千亿美元量级迈进，预 计2034年将突破1，145亿美元。 我们认为，伴随AI、空天、3C、机器人、汽车等产业不断突破创新边界，传统制造工艺已临近上限，难以满足散 热、轻量化等实际需要，亟需3D打 #3C钛合金零部件3D打印需求急速抬升。 以苹果荣耀华为等手机厂商为代表，正加速将3D打印钛合金技术广泛应用于折叠屏手机铰链、钛合金边框、智能 穿戴等精密部件的大规模制造。 以手机中框为例，传统工艺制造成本200美金，假设3D打印降本一半至100美金，以头部手机厂商每年2亿部手机计 算，市场空间巨大。 #投资建议：重点关注华曙高科、大族激光、飞沃科技、银邦股份、铂力特、哈森股份等。 #当创新遇到物理瓶颈_3D打印开启序章。 2024年全球3D打印市场规模已达219亿美元，预计未来10年将以18%的年复合增长率加速向千亿美元量级迈进，预 计2034年将突破1， ...

（来源：中国消费者报） 本报上海讯（记者刘浩）2月24日，记者从上海市市场监管局获悉，今年春节长假期间，长三角地区三 省一市（江苏省、浙江省、安徽省、上海市）市场监管部门加强投诉举报热线值守，投诉举报系统共接 收投诉54991件、举报11724件，解答咨询90020件，消费维权 【下载黑猫投诉客户端】畅通有序。 从涉及消费方式看，线上消费诉求占比77%，线下消费诉求占比23%；从涉及行业领域看，主要集中于 服装鞋帽、食品、家居用品、销售服务、餐饮住宿服务、互联网服务等领域；从反映问题看，主要涉及 经营者售后服务、产品质量、合同履行、不正当竞争等方面。 此外，智能消费诉求呈现增势。春节长假期间，涉及各类智能化消费品（智能家居、智能穿戴等商品） 的诉求163件，较往年有所增多，消费者主要反映智能消费品质量、宣传和售后服务等方面问题。 据介绍，春节长假期间，上海市12315电话、互联网、微信小程序等诉求渠道保持畅通，公众消费维权 诉求总体平稳有序。上海市市场监管部门着力深化消费诉求多元化解和源头治理，通过加强12315热线 平台值守、做好公众诉求解答引导、强化投诉举报实时监测、完善一窗式话务转接和在线纠纷解决 （O ...

（来源：工人日报） 智能穿戴、服务机器人、低空无人机等科技产品成为节日消费新增长点，这不仅折射出市场消费向科技 化、个性化、实用化转型的趋势，还以技术迭代的形式为春节的"仪式感"提供增量，为年俗与年味注入 新活力、新内涵——烟火气与未来感相融，传统文化与科技创新同行，节庆便有了新的时代表达。 据2月22日中新社报道，热闹的商场里，AI陪伴玩具、智能眼镜的消费者明显增多；电商平台上，科技 类产品消费热潮席卷而来，一众智能产品迎来爆发式增长。另据2月24日《人民日报》报道，春节期 间，浙江杭州一广场的新春消费季活动现场，"速行髋关节助力外骨骼"机器人圈粉不少老年消费者…… 这个春节，现代科技以鲜活姿态走进千家万户，传统年味里有了更多新质生产力的炫酷范儿。 从长远看，要持续加强企业与高校、科研机构的合作，强化科技产品的研发创新，还要在辅助养老、医 疗康复等高价值场景不断深耕拓展，挖掘市场的无限可能——从年货到日用品的一跃，取决于企业能否 构建覆盖更广、响应及时、便捷使用的服务体系。此外，还要完善产业生态，把握好我国科技研发优势 与制造业优势，构建高新技术产品的中国标准体系，为未来"赛博日用品"的"走出去"夯实基础。 ...

Group 1: Company Operations - Companies in Chengdu Eastern New Area have swiftly transitioned from holiday mode to resumption of work mode, with multiple enterprises and projects already back in operation to achieve strong performance at the start of the year [1] - Sichuan Tire Rubber (Group) Co., Ltd. resumed operations on February 22, with a detailed post-holiday production plan established before the Spring Festival, allowing for early machine operation to increase capacity [3] - The company reported a production recovery to 40% of normal levels by the second day of resumption, producing 13,000 tires per day [3] - Employee return rate at Sichuan Tire Rubber has exceeded 99%, with production capacity rapidly increasing due to sufficient raw material reserves and quick employee deployment [5] - Sichuan Zhiyu Automotive Parts Co., Ltd. also resumed operations on February 24, with over 260 employees returning to work immediately [5][7] - The company has implemented meticulous management practices, ensuring seamless production flow from the first day of resumption, with high-pressure harness production reaching 700 units per day [7] Group 2: Project Construction - Construction projects in Chengdu Eastern New Area are progressing vigorously, with the E Workshop (Phase I of the Smart Terminal Industrial Park) officially resuming work on February 24 [8] - The project has completed the main structure of the first section and is currently working on secondary structure and decoration [10] - The project aims to develop a smart manufacturing ecosystem focusing on service robots, smart homes, smart wearables, and industrial robots, with four companies already expressing intent to settle [10] - The project is expected to complete the first section by June this year and the second section by February next year [10] - Another project, Dongmuli Phase II, aims to enhance urban functions and living quality, with full workforce return expected by February 26 [11] - The overall development in Chengdu Eastern New Area reflects a strong commitment to high-quality growth and urban development [11]

Core Insights - The consumption data for the 2026 Spring Festival is better than market expectations, showing a mild recovery in essential consumption and a booming service consumption sector [3][10] - The market has shifted from a simple recovery in quantity to an upgrade in quality and exploration of enjoyment [11] Consumption Trends - Essential consumption shows recovery with leading liquor brands and frozen seasoning products experiencing significant sales growth, while restaurant chains achieved their best turnover rates in two years during the holiday [3][10] - Travel service consumption has accelerated due to supportive policies, with increased visitor numbers to popular scenic spots and a moderate rise in domestic airline passenger flow and ticket prices [10] - The travel data indicates a rise in interest for destinations beyond major cities, with cultural confidence driving spending on local customs and traditions [11] - Ice and snow tourism remains popular, with significant increases in visitor numbers to winter sports destinations [11] - Gift consumption has shifted from traditional items to health management products, with notable sales growth in smart wearables and high-quality health supplements [11] Investment Opportunities - Focus on service consumption supported by policies, including social services and transportation sectors [12] - Attention to industry leaders with overseas capabilities, as some companies establish brand recognition abroad [12] - Investment in technology-enabled consumer products, particularly those utilizing AI to enhance sales or operational efficiency [12] - High-dividend stocks with potential for fundamental recovery, including traditional liquor, food, and home appliance companies [12] Company Performance - As of December 2025, the company has an asset management total of 193.4 billion yuan, generating an investment return of 31.2 billion yuan and distributing 13.3 billion yuan in dividends [12]

Group 1 - The core viewpoint of the articles highlights the rising popularity of technology-driven products as new year gifts during the Spring Festival, indicating a shift in consumer preferences towards experience and care-oriented purchases rather than just practical or bulk buying [1][2]. - The emergence of "smart new year gifts" is attributed to the convergence of mature technology, policy guidance, and consumer upgrades, creating a broad market for diverse consumer demands, from drones to AI interactive products [2]. - The integration of technology into traditional celebrations is seen as a way to enrich the cultural significance of the Spring Festival, demonstrating that technological innovation can enhance emotional connections and health care needs while maintaining the essence of the holiday [2][3]. Group 2 - The articles emphasize the importance of addressing the "digital divide" to ensure that high-tech gifts are usable for all age groups, particularly the elderly, to prevent them from becoming mere decorative items [3]. - There is a call for creative transformation of holiday cultural connotations, suggesting that technology should act as a catalyst to invigorate traditional cultural practices [3]. - The fusion of technology with traditional festivities is portrayed as a unique characteristic of the digital age, revitalizing the Spring Festival with a sense of modernity and style, while also highlighting the enduring importance of genuine emotional connections and shared experiences [3].

根据喜娜AI异动分析，昀冢科技涨停原因可能如下，MLCC业务增资+治理结构优化+战略聚焦： 1、公 司近期呈现"治理优化 + 业务转型"双主线特征。子公司累计获8100万元增资，投前估值8.7亿元且聚焦 中高端产品研发，显示MLCC业务获资金强支持，为业务发展提供有力保障。同时，新一届董事会含 33%独立董事，薪酬制度完善，有助于公司提升治理水平。 2、公司战略聚焦高增长领域，明确发展 CMI产品、智能穿戴、电子陶瓷业务，符合国产替代趋势。随着国产替代进程加速，公司有望在相关领 域获得更多市场份额。近期市场对国产替代概念关注度较高，相关板块表现活跃，形成板块联动效应。 3、资金流向和技术面来看，虽暂时没有确切数据支持，但从涨停表现推测，可能有资金流入推动股 价。技术形态上或许出现了一些积极信号，如均线多头排列等，吸引了更多投资者关注和参与。 2026年2月24日，昀冢科技（sh688260）触及涨停，涨停价35.71元，涨幅19.99%，总市值42.85亿元，流 通市值42.85亿元，截止发稿，总成交额2.86亿元。 责任编辑：小浪快报 声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布， ...

Core Insights - The consumption market in China is experiencing a significant boost as the Spring Festival approaches, with Shenzhen's Huaqiangbei emerging as a key player in the tech product sector [2][3] - Huaqiangbei is leveraging its robust electronic industry ecosystem to promote innovative tech products, creating a unique "Tech New Year Goods Market" [2] - The sales of tech products in Huaqiangbei have surged over 30% in the past two months, with AI glasses seeing an impressive growth of 70% to 80% [2] Sales Performance - The overall sales of tech products in Huaqiangbei have increased by more than 30% compared to regular periods [2] - AI glasses have experienced the highest sales growth, with an increase of 70% to 80% [2] - Other tech products such as drones and smart robots have also seen sales growth ranging from 30% to 50% [2] Global Market Impact - The popularity of tech products from Huaqiangbei has reached international markets, with foreign customer visits increasing by 100% year-on-year [2] - Many overseas buyers are specifically visiting Huaqiangbei to purchase high-quality "Guang goods," indicating a growing global demand for Shenzhen's tech products [2]