腾景科技今年股价走势图 本报（chinatimes.net.cn）记者谢碧鹭 北京报道 2025年以来，AI算力爆发催生的行业红利持续释放，光通信模块板块强势崛起成为资本市场的"明星赛 道"，板块股价整体涨幅超过60%，源杰科技、永鼎股份等多只核心个股股价实现翻倍，板块内掀起一 波强势上涨浪潮。 在这波行业热潮中，精密光学元器件领域龙头腾景科技表现尤为耀眼，以持续飙升的股价走势脱颖而 出，成为二级市场瞩目的焦点。 近期该股的涨势更是堪称迅猛，11月24日单日大涨18.42%，11月25日触及历史新高209.99元/股。从短 期表现来看，截至11月14日其股价尚为113.01元/股，而到11月26日收盘已跃升至186元/股，短短8个交 易日内累计涨幅高达64.59%。 拉长时间维度，腾景科技的股价爆发力更为惊人。截至11月26日收盘，该股11月以来累计涨幅逼近 70%，今年以来整体涨幅更是超过360%。在此之前，公司股价已展现出强劲势头，8月单月上涨 47.06%，9月涨幅进一步扩大至65.95%（均为前复权数据），连续多月的强势表现，使其在整个二级市 场中稳居涨幅前列。 那么，在股价"狂欢"的背后，腾景科技的 ...

Investment Rating - The report rates the electronic industry as "stronger than the market" [1] Core Viewpoints - The electronic industry index experienced a decline of 5.89% this week, ranking 21 out of 31 sectors, while the CSI 300 index fell by 3.77% [2] - The release of Google's Gemini 3.0 AI model is expected to create new growth opportunities for optical module supply chain companies [2][5] - Key companies in the supply chain include Zhongji Xuchuang, Tengjing Technology, and Changxin Bochuang, all of which are expected to benefit from increased demand driven by AI advancements [2][21] Summary by Sections Industry Performance - The SW electronic industry index decreased by 5.89%, with the top five sectors showing the least decline being banking (-0.89%), media (-1.25%), food and beverage (-1.44%), defense and military (-1.72%), and home appliances (-2.30%) [2][50] - The three best-performing sub-sectors within the electronic industry were integrated circuit manufacturing (-1.82%), optical components (-2.20%), and brand consumer electronics (-3.71%) [2][53] Company Insights - Zhongji Xuchuang reported a revenue of 23.862 billion yuan in 2024, a year-on-year increase of 122.64%, with a compound annual growth rate of 35.64% from 2020 to 2024 [23][27] - Tengjing Technology achieved a revenue of 445 million yuan in 2024, reflecting a year-on-year growth of 30.96% [31] - Changxin Bochuang's revenue reached 777 million yuan in 2024, with a year-on-year increase of 4.30% [36] Technological Developments - Gemini 3.0's release marks a new development cycle for AI large models, showcasing significant advancements in reasoning, multimodal understanding, and code generation capabilities compared to competitors [11][12] - The introduction of the Google Antigravity platform enhances the development environment for AI applications, lowering the barriers for creating intelligent applications [12][19]

截至9月30日，腾景科技股东户数1.68万，较上期增加57.31%；人均流通股7678股，较上期减少 36.43%。2025年1月-9月，腾景科技实现营业收入4.25亿元，同比增长28.11%；归母净利润6380.25万 元，同比增长15.00%。 分红方面，腾景科技A股上市后累计派现9110.65万元。近三年，累计派现5294.83万元。 11月21日，腾景科技跌3.55%，成交额29.71亿元。两融数据显示，当日腾景科技获融资买入额3.75亿 元，融资偿还4.38亿元，融资净买入-6325.85万元。截至11月21日，腾景科技融资融券余额合计7.53亿 元。 融资方面，腾景科技当日融资买入3.75亿元。当前融资余额7.53亿元，占流通市值的3.83%，融资余额 超过近一年80%分位水平，处于高位。 融券方面，腾景科技11月21日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 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 ...

Market Overview - On November 17, the A-share major indices collectively declined, with the total market turnover at 1.93 trillion yuan, a decrease of 50.1 billion yuan compared to the previous trading day [1] - Market hotspots focused on lithium mining, military industry, and shipbuilding sectors, while the Fujian sector remained active, with weight-loss drugs, innovative drugs, and CROs leading the decline [1] Stock Performance - A total of 85 stocks hit the daily limit up, with 25 stocks achieving consecutive limit-ups, and 25 stocks failed to close at the limit, resulting in a limit-up rate of 77% (excluding ST and delisted stocks) [3] - Notable stocks included Pingtan Development with 14 consecutive limit-ups over 22 days, and Sanmu Group with 8 limit-ups over 11 days [3] Key Stocks and Their Metrics - Sanmu Group: Price at 8.75 yuan, up 10.06%, with a turnover rate of 45.14% and a transaction volume of 1.789 billion yuan [4] - Renmin Tongtai: Price at 16.64 yuan, up 49.98%, with a turnover rate of 13.24% and a transaction volume of 1.276 billion yuan [4] - Antai Group: Price at 6.89 yuan, up 10.06%, with a turnover rate of 41.06% and a transaction volume of 2.701 billion yuan [4] Institutional Trading - The top three net buying stocks on the Longhu list were Huasheng Tiancai, Tengjing Technology, and Xue Ren Group, with net purchases of 433 million yuan, 250 million yuan, and 248 million yuan respectively [5] - The top three net selling stocks were Shida Shenghua, Fulongma, and Zhongkuang Resources, with net sales of 375 million yuan, 136 million yuan, and 118 million yuan respectively [9] Sector Highlights - Lithium sector: The price of lithium hexafluorophosphate has surged over 200% in four months, reaching 150,000 yuan per ton, driven by increased storage demand and tight supply [21] - Snowman Group: Reported a revenue of 960 million yuan and a net profit of 26.89 million yuan for the first half of 2025, reflecting a year-on-year growth of 19.56% and 18.50% respectively [17] Company Developments - Huasheng Tiancai: The company is advancing its "AI + computing power" strategy and reported a revenue of 3.172 billion yuan for the first three quarters of 2025, a year-on-year increase of 6.54% [11] - Tengjing Technology: The company specializes in precision optical components and has secured significant orders, with expectations for continued high growth in revenue from high-end optical modules [14][15]

Core Insights - Tengjing Technology (688195.SH) is advancing in the high-end optical components sector, focusing on domestic substitution and leveraging core technologies for growth [1][2] - The company has transitioned from a startup to a publicly listed entity in eight years, becoming a key player in optical communication, semiconductor equipment, and quantum technology [1] - The company is committed to enhancing R&D investment and tackling key technologies to lead industry innovation and contribute to a competitive optical advanced manufacturing cluster [1][2] Company Developments - On November 7, the Deputy Secretary of the Fujian Provincial Committee visited Tengjing Technology to discuss the company's innovations and market strategies [1] - Tengjing Technology provides customized precision optical components for high-speed optical modules and subsystems, supporting advancements in telecommunications and data centers [1] - The company has achieved industry-leading levels in several core technologies and has filled domestic gaps in various niche markets [1] Future Outlook - Tengjing Technology aims to align with the national "14th Five-Year" plan, focusing on precision optics and advanced optoelectronic technology innovation [2] - The company is set to accelerate technological breakthroughs and product applications in optical communication and semiconductors, contributing to AI computing and semiconductor localization efforts [2] - The goal is to transition from a "pioneer" to a "leader" in the new round of industrial competition, enhancing the international competitiveness of the optical advanced manufacturing sector [2]

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]

Core Points - Tengjing Technology's stock price increased by 5.06% on October 24, reaching 120.00 CNY per share, with a trading volume of 1.447 billion CNY and a turnover rate of 9.80%, resulting in a total market capitalization of 15.522 billion CNY. The stock has risen for five consecutive days, with a cumulative increase of 19.7% during this period [1] Company Overview - Tengjing Technology Co., Ltd. is located in Fuzhou, Fujian Province, established on October 12, 2013, and listed on March 26, 2021. The company specializes in the research, production, and sales of various precision optical components and fiber optic devices. The revenue composition is as follows: precision optical components 78.87%, fiber optic devices 16.65%, optical testing instruments 4.43%, and others 0.05% [1] Fund Holdings - From the perspective of major fund holdings, one fund under Industrial Bank has a significant position in Tengjing Technology. The fund "Xingye Zhiyuan Mixed A" (015911) held 23,800 shares in the second quarter, accounting for 2.6% of the fund's net value, ranking as the fifth-largest holding. The estimated floating profit today is approximately 137,300 CNY, with a total floating profit of 446,600 CNY during the five-day increase [2] Fund Performance - The fund manager of "Xingye Zhiyuan Mixed A" is Zou Hui and Chen Kaiyue. As of the report, Zou Hui has a tenure of 4 years and 335 days, managing assets totaling 5.774 billion CNY, with the best fund return during the tenure being 79.83% and the worst being -3.47%. Chen Kaiyue has a tenure of 1 year and 311 days, managing assets of 41.1709 million CNY, with the best return of 53.77% and the worst return of 52.36% during the tenure [3]