公司金刚石微钻产品于2022 年底立项，目前已形成WZ1、WZ2、WZ3、WZ-X等系列产品，每个系列 有不同规格的产品；公司已经建立成熟的生产线，并已稳定运行2 年以上。在公司内部验证过程中，以 M9 的PCB 板、板厚3.5mm、金刚石微钻直径0.25mm 为例，可实现孔加工数量8000+个孔（未断针）。 公司持续探索金刚石功能材料应用领域，有望不断拓展业绩增长空间。公司持续探索金刚石功能材料在 声、光、电、热等领域的研究和应用，目标是尽快实现商业化运营规模并取得良好的规模效益。公司在 CVD 金刚石的制备及应用方面已有多年的研发和技术储备，是少数能够全部掌握CVD 金刚石生长技术 的公司之一，拥有河北省CVD 金刚石功能材料科技创新中心、廊坊市CVD 金刚石生长技术研发中心等 自主研发平台。 全球领先的刀具综合方案提供商，金刚石功能材料应用广泛。公司创立于2006 年，是国家高新技术企 业、2019 年7 月在上海证券交易所科创板上市。 PCB 板材迭代升级，给公司金刚石微钻带来增长新机遇。随着AI 的发展，PCB 板的材料正在发生变 化，有望采用M9 材料，其中增加石英布材质，可能导致PCB 板加工的 ...

·1月27日，国家统计局将公布工业经济效益月度报告。 ·康普顿公司股票自2026年1月27日开市起复牌。 ·企查查App显示，海南国际商业航天发射有限公司新增 多项招标公告，招标项目为海南商业航天发射场2026至2028年度发射任务液态甲烷、氦气、液氧液氮采 购，合计预算金额约2.2亿元。 ·1月25日，英伟达创始人兼CEO黄仁勋抵达北京，开启其2026年访华行程的北京站环节。 上证精选 今日提示 ·商务部外国投资管理司负责人王亚在国新办新闻发布会上表示，2026年将扩大市场准入和开放领域， 有序扩大电信、医疗、教育等领域自主开放。 ·中国人民银行副行长邹澜1月26日在第19届亚洲金融论坛 上表示，中国人民银行支持香港金管局将人民币业务资金安排规模由1000亿元增加至2000亿元。 ·上期 所调整铜、铝期货相关合约涨跌停板幅度和交易保证金比例，调整白银、锡期货相关合约交易限额，进 一步从严。 ·在26日召开的腾讯年会上，腾讯董事会主席马化腾提及AI应用元宝即将展开的春节分10亿 元现金活动，表示希望重现当年微信红包的盛况。 ·国星宇航执行副总裁王亚波26日披露，2025年11月，国星宇航成功将通义千问Qwen ...

证券日报网1月21日讯，沃尔德在接受调研者提问时表示，公司金刚石微钻的未来发展方向主要为PCB 板和半导体应用高硬脆性材料的孔加工。在半导体应用高硬脆性材料的孔加工方面，已取得一定的行业 领先优势，产品系列、应用案例、营收规模逐步增加。PCB板孔加工方面，为公司下一步重点发展的下 游行业，目前尚处于研发验证阶段，未实现营业收入，未来能否为公司贡献经营业绩存在较大不确定 性，请投资者务必注意投资风险。 ...

证券日报网1月21日讯，沃尔德在接受调研者提问时表示，公司此次激励方案的激励方式为第二类限制 性股票激励和股票增值权激励。第二类限制性股票激励授予数量150万股，首次130.21万股，授予人数 为189人；股票增值权13.75万份，授予人数11人。除了公司层面的考核要求外，增加业务单元层考核， 包括事业部、项目部在研发、新产品、市场开拓等具体考核要求，并一一进行量化。此次激励重点针对 研发、生产、销售人员，例如金刚石微钻、航空航天加工刀具、液冷板加工刀具等新产品以及金刚石功 能材料散热、钻石声学振膜等方面的人员，进行重点激励。 ...

证券日报网1月21日讯，沃尔德在接受调研者提问时表示，在公司内部验证过程中，例如针对M9的PCB 板、板厚3.5mm、金刚石微钻直径0.25mm为例，在内部验证过程中可实现孔加工数量8000+个孔(未断 针)，上述数据为公司内部初步验证数据，后续将面临工艺匹配、成本控制、规模化稳定性等多重验 证。由于PCB板材结构、厚度各不相同，需要公司进一步开发相应的产品，并持续进行优化，尽快完成 多系列产品的定型和下一步量产工作，需要投资者注意的是，未来能否在PCB板孔加工领域实现规模化 收入存在较大不确定性。新产品前景由行业发展情况及市场而定，请投资者务必注意投资风险。 ...

2026年1月21日，沃尔德披露接待调研公告，公司于1月19日至1月21日接待淡水泉、民生证券、国泰海 通、泰康资产、磐耀资产、银叶投资等16家机构调研。 Q：公司金刚石功能材料未来发展方向？ 调研情况显示，沃尔德金刚石微钻项目未来发展方向主要为PCB板和半导体应用高硬脆性材料的孔加 工。其中，半导体应用领域已取得行业领先优势，产品系列、应用案例及营收规模逐步增加；PCB板孔 加工为公司下一步重点发展的下游行业，目前尚处于研发验证阶段，未实现营业收入，未来能否贡献业 绩存在较大不确定性。 在PCB板孔加工领域，公司内部验证显示，以M9的PCB板、板厚3．5mm、金刚石微钻直径0．25mm为 例，可实现孔加工数量8000＋个孔（未断针），但后续需面临工艺匹配、成本控制、规模化稳定性等多 重验证，且因PCB板材结构、厚度不同，需进一步开发并优化多系列产品以完成定型和量产，未来规模 化收入存在较大不确定性。公司与PCB客户的合作遵循市场化原则，具体客户、订单及测试信息属商业 保密范畴，重大业务合作将依法及时披露。 公司将金刚石功能材料作为增长第二曲线，持续探索其在声、光、电、热等领域的应用，已具备CVD 金刚石制备 ...

Core Viewpoint - The stock price of World (688028.SH) has surged due to the popularity of emerging industries such as humanoid robots and low-altitude economy, prompting shareholders to initiate share reductions for personal financial needs [1][3]. Group 1: Shareholder Actions - Eight shareholders, including the actual controller Yang Nuo, plan to reduce a total of 2.8823 million shares, potentially cashing out approximately 194 million yuan based on the closing price on the announcement date [1][3]. - The share reduction occurs while the company's stock price is at a high, having increased by about 170% since entering an "upward channel" on August 28 [1][4]. Group 2: Financial Performance - For the first three quarters of 2025, World reported a revenue of 539 million yuan, a year-on-year increase of 9.05%, while the net profit attributable to shareholders decreased by 6.67% to 71.4034 million yuan [5]. - The gross profit margin for the third quarter of 2025 reached 41.53%, marking the lowest since the company went public [2][5]. Group 3: Business Operations - World specializes in high-end cutting tools and diamond functional materials, serving sectors such as automotive, 3C, aerospace, and new energy equipment [3][5]. - The company has seen significant growth in its diamond micro-drill products, achieving revenue of 4.8897 million yuan in the first half of 2025, a year-on-year increase of approximately 110.82% [5][6]. - The company is also developing new applications for its diamond micro-drills in PCB board processing, although these products are still in the R&D and testing phases [7]. Group 4: R&D and Future Prospects - Research and development expenses for the first three quarters of 2025 amounted to 41.9136 million yuan, reflecting a year-on-year increase of 15.75% [7]. - World has established strategic partnerships for its diamond film acoustic devices and is working on projects related to industrial wastewater treatment, although these initiatives are still in the investment phase and have not yet generated significant revenue [6][7].

Core Insights - The article discusses the recent research conducted by QuanGuo Fund on the listed company World, highlighting the fund's performance and the company's financial data for 2025 [1][2]. Group 1: Fund Performance - QuanGuo Fund was established on February 8, 2022, and currently manages assets totaling 23.787 billion yuan across six funds with five fund managers [1]. - The best-performing fund in the past year is QuanGuo XuYuan Three-Year Holding Period Mixed A (016709), which achieved a return of 32.83% [2]. Group 2: Company Financial Data - For the first nine months of 2025, the company reported revenue of 539 million yuan, a year-on-year increase of 9.05%, while net profit and net profit excluding non-recurring items decreased by approximately 6.67% and 5.29%, respectively [2]. - The gross margin remained around 43%, down 2.56 percentage points from the same period last year, and the net profit margin was 13.24%, a decline of 2.23 percentage points year-on-year [2]. Group 3: Quarterly Performance - In Q3 2025, the company achieved revenue of 204 million yuan, a year-on-year increase of 14.27% and a quarter-on-quarter increase of 13.10% [3]. - The net profit for Q3 was 27.78 million yuan, reflecting a year-on-year growth of 24.76%, while the net profit excluding non-recurring items was 27.25 million yuan, also up 24.66% year-on-year [3]. - The gross margin for Q3 was 41.53%, down 1.25 percentage points year-on-year, while the net profit margin increased by 1.14 percentage points to 13.60% [3]. Group 4: Product Development - The company is making progress in the production of diamond membrane acoustic devices, which are advantageous for high-end audio applications [4]. - The company has developed CVD diamond single and polycrystalline heat sink plates, which have potential applications in high-power and high-frequency devices [5]. - The diamond micro-drill products, which utilize diamond tips for precision drilling, are designed for various materials and have a lifespan that varies based on the material being processed [7].

Key Points - The article highlights various significant announcements from companies, including new projects, partnerships, and share buybacks [1][2] Group 1: Company Developments - Wald is developing diamond micro-drills for PCB board hole processing, currently in the R&D and testing phase [1] - Upwind New Materials is in the product development stage for its embodied intelligent robot business, with no mass production or large-scale sales yet [1] - Redick plans to establish a joint venture to develop components related to robotic dexterous hands and robotic joint actuators [1] Group 2: Project Investments - Tongxing Technology plans to invest 3.2 billion yuan to build a project with an annual production capacity of 100,000 tons of sodium battery anode materials and 6 GWh of battery cells [1] - Zhongjin Irradiation intends to invest in the construction of an electronic accelerator intelligent manufacturing project [1] Group 3: Contracts and Awards - China Oil Engineering has won a joint bid for the ethane and propane project in Kazakhstan [1] - Dashi Intelligent has signed a contract for the Smart Display Technology Park project [1] Group 4: Equity Acquisitions - Qin'an Co., Ltd. plans to acquire 99% of Yigao Optoelectronics for 885 million yuan [1] - Dingtong Technology intends to acquire 70% of Blue Ocean Vision for 126 million yuan [1] Group 5: Share Buybacks - Energy Guozhen plans to repurchase shares worth between 50 million and 100 million yuan [1] - Yuyuan Co., Ltd. intends to spend 200 million to 300 million yuan on share buybacks [1] - HJ Bio plans to repurchase shares worth between 100 million and 200 million yuan [1] Group 6: Shareholding Changes - Ningbo Fangzheng's controlling shareholders and actual controllers plan to reduce their holdings by up to 3% [2] - Yonggui Electric has signed a strategic framework agreement with Zhiyuan Robotics [2] - Yonghui Supermarket's private equity fund plans to reduce its holdings by no more than 1% [2]

Summary of Key Points Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in investor sentiment and market dynamics [1]. Shareholder Reductions - Strong瑞 Technology's shareholders, 强瑞科技 and 强瑞投资, collectively reduced their holdings by 1.1779 million shares [1]. -粤万年青's shareholder, 合和投资, intends to reduce its stake by no more than 3% [1]. - 宁波方正's partial controlling shareholders and their concerted actors plan to reduce their holdings by no more than 3% [1]. - One of the actual controllers of 粤万年青's concerted actors plans to reduce its stake by no more than 0.66% [1]. - Shareholders of 索宝蛋白, 济南复星 and 宁波复星, plan to reduce their holdings by a total of no more than 3% [1]. - 永辉超市's shareholder, 喜世润合润6号 private equity fund, plans to reduce its stake by no more than 1% [1]. - 和泰机电's shareholder, 海泰精华, intends to reduce its stake by no more than 2.98% [1]. - 中谷物流's shareholder, 谷洋投资, plans to reduce its stake by no more than 3% [1]. - 洪通燃气's shareholder, 田辉, intends to reduce its stake by no more than 3% [1]. - 未望电气's deputy general manager, 王琰, reduced 786,500 shares of the company [1]. - 概谷科技's shareholder, 徐龙祥, reduced 681,700 shares of the company [1]. - 泰瑞机器's shareholder, 郑建国, reduced 3.8336 million shares of the company [1]. - 润都股份's shareholder, 李希, completed a reduction of 6.8244 million shares [1]. Other Notable Developments - 邦基科技 has terminated its major asset restructuring plan [1]. - 沃尔德 announced that its diamond micro-drills are in the research and testing phase for PCB board hole processing [1].