备受市场关注的通业科技跨界并购芯片设计公司思凌科一事，近日迎来关键进展。 通业科技发布公告称，拟通过现金方式以5.61亿元购买思凌科公司91.69%股权后对其形成控制；与此同 时，由思凌科原大股东黄强及思凌科其他核心成员组成的持股平台思凌企管拟以协议转让方式购买通业 科技大股东、实控人徐建英、谢玮等持有的6.00%通业科技股份。 在这场跨界收购中，一家轨道交通电气设备制造商，将正式切入电力物联网通信芯片赛道。这笔交易不 仅是通业科技业务线的延伸，更明确了其在轨交设备之上布局"第二增长曲线"的战略意图。 交易方案"精细打磨"，更务实、更可持续 相较于8月份公告，本次方案在多个关键环节作出了调整。 估值调整：鉴于审计前后的思凌科财务数据存在小幅差异，思凌科100%股权的估值由不超过6.7亿元调 整为6.12亿元。估值调整后，通业科技需要实际支付的交易对价也会相应减少，公司的资金压力能够一 定程度减轻。 与此同时，方案调整后，通业科技实控人拟协议转让的股份比例、收到的转让价款也将有所降低。并 且，该交易完成后，实控人直接间接合计仍将持有通业科技超68%的股份比例，实控地位依然稳固，能 够充分消除此前市场对于实控人变 ...

近一周(12月19日至12月25日)机构调研个股有160多只，领益智造调研机构数最多。 6股获超50家机构调研 近一周，6股获超50家机构调研。其中，领益智造(002600)有107家机构调研，其中包括33家基金公司、 9家证券公司、19家私募、9家保险公司等。近日公司发布公告称，将以8.75亿元取得对东莞市立敏达电 子科技有限公司(以下简称"立敏达")的控制权。 公开资料显示，立敏达为英伟达AVL/RVL认证供应商。另外，今年8月，立敏达加入由英特尔牵头的通 用快接头互插互换联盟，与其他品牌的产品实现"互插互换"，为数据中心客户提供了更大的灵活性和选 择空间。 此前，领益智造曾在互动易回复称，公司已成功晋升为AMD核心供应商，以及是谷歌供应商。通过取 得立敏达控制权，领益智造一跃成为覆盖"英伟达+谷歌+英特尔+AMD"散热+电源的公司。 值得一提的是，领益智造还是苹果公司的重要供应商。华安证券近期发布研报称，公司作为苹果多个零 部件的主要供应商之一，有望持续受益于客户创新。 普利特、光庭信息、上汽集团、安孚科技等个股均获超50家机构调研。 普利特在调研中表示，公司持续关注着机器人产业的快速发展，高度重视新材 ...

Group 1 - The commercial aerospace sector in A-shares remains hot, with 11 stocks hitting the daily limit up, and the leading stock, Shenjian Co., has gained over 60% in five trading days [1] - The commercial aerospace sector index has increased by over 20% in the last 24 trading days, indicating strong market performance [2] - Recent policy support, including the National Space Administration's action plan for commercial aerospace development and the establishment of a dedicated department, marks a shift from exploration to ecosystem building in China's commercial aerospace industry [2] Group 2 - Technological breakthroughs, such as reusable rocket technology and the successful launch of the Zhuque-3 rocket, are accelerating market growth and reducing launch costs [2] - Companies are actively disclosing their business collaborations in commercial aerospace, with Newray Energy indicating its power products are already in use for low-orbit satellites [3] - The collaboration of technology, capital, and policy is driving the industry's growth, although there are high technical barriers and long investment return cycles that may lead to speculative behaviors among some companies [3]

证券日报网讯12月23日，新雷能（300593）在互动平台回答投资者提问时表示，公司电源产品可应用于 低轨卫星，目前已有电源产品在轨运行，后续将进行低轨卫星电源产品的系列化开发。 ...

格隆汇12月19日丨奥海科技(002993.SZ)在投资者互动平台表示，公司始终关注前沿科技领域的能源应 用需求。在卫星通信领域，公司现有的电源产品与技术已可应用于卫星通信终端设备。公司将持续跟踪 通用航空等新兴领域的技术发展趋势，并积极评估相关市场机会，依托现有的电力电子技术平台进行前 瞻性技术储备。 ...

Core Viewpoint - Magmiet has received approval from the Shenzhen Stock Exchange for a private placement of shares, aiming to raise up to 2.663 billion yuan for various projects, including R&D and production capacity expansion, which has positively impacted its stock price [1] Group 1: Fundraising and Investment Plans - The total amount to be raised from the private placement is not more than 2.663 billion yuan, with net proceeds allocated to several projects: R&D center expansion (188 million yuan), Changsha Industrial Center Phase II (828 million yuan), Thailand Production Base Phase II (836 million yuan), Zhuzhou Base Expansion (178 million yuan), and working capital (770 million yuan) [1] - Following the announcement, Magmiet's stock price increased by 15% over eleven trading days from December 4 to December 18 [1] Group 2: Market and Technology Landscape - The AIDC power supply system is still in its early application phase, with many uncertainties in the industry landscape [2] - The transition to HVDC (High Voltage Direct Current) is not unique to the AI industry, as all large-scale transmission scenarios will eventually shift towards high voltage and direct current solutions due to physical limitations [3] - AIDC's power system has unique characteristics, requiring more levels of conversion and higher precision and stability in power regulation compared to traditional power supply scenarios [4] Group 3: Technical Solutions and Challenges - There are three main technical solutions for high voltage direct current systems: conventional transformer with AC/DC power supply, Panama power supply with highly integrated power modules, and SST (Solid State Transformer) using semiconductor devices [5][6] - The SST solution is viewed as the ultimate solution for AIDC power supply, but it currently lacks industry standards and maturity in the supply chain [6] Group 4: Market Demand and Revenue Projections - Magmiet anticipates a broad demand for AI server power supplies, estimating around 500 million yuan in revenue for the AI power business in 2025, which represents a growth rate of only 6% compared to its total revenue of 8.2 billion yuan in 2024 [7] - The market for HVDC is expected to see significant growth, but the actual demand will not materialize until 2027, when the Nvidia Rubin ultra is expected to be mass-produced [8] Group 5: Financial Considerations and Risks - The total investment for the fundraising projects is approximately 2.03 billion yuan, which is close to the company's total fixed assets as of Q3 2025, with a construction period of three years [10] - The company's traditional business has not performed well, with declining gross and net profit margins, and a net profit margin of only 3.54% in the first three quarters of 2025 [11] - If new products do not significantly improve profitability, the projected net profit from the fundraising projects may not be attractive compared to the high costs involved [11]

证券日报网讯 12月17日，中远通在互动平台回答投资者提问时表示，公司已有电源产品应用于核电领 域，该部分收入占比小，敬请投资者注意投资风险。 （文章来源：证券日报） ...

格隆汇12月17日丨英杰电气(300820.SZ)在互动平台表示，经向公司技术部门了解，IGCT器件主要用于 高电压、大电流场景下实现高效、可靠的电能变换（比如高压变频、直流输电），和公司目前制作的电 源类型（比如制造过程的环境精准控温）在应用场景上还是有明显区别的，公司电源产品暂时未用到 IGCT的功率器件。 ...

格隆汇12月17日丨英杰电气(300820.SZ)在互动平台表示，经向公司技术部门了解，IGCT器件主要用于 高电压、大电流场景下实现高效、可靠的电能变换（比如高压变频、直流输电），和公司目前制作的电 源类型（比如制造过程的环境精准控温）在应用场景上还是有明显区别的，公司电源产品暂时未用到 IGCT的功率器件。 ...

证券日报网讯 12月16日，科华数据在互动平台回答投资者提问时表示，公司始终关注国家的航空航天 事业发展，可为其提供各类电源产品，保障供电安全。未来，公司还将继续以高质量高可靠的智慧电 能、新能源及算力解决方案，助力我国航天强国事业不断写下崭新篇章。 （文章来源：证券日报） ...