Core Viewpoint - Longxin Bochuang, a leading optical module company with a market value of 48 billion yuan, announced a preliminary agreement to acquire 93.8108% of Shanghai Honghui Optical Communication Technology Co., Ltd. for approximately 375 million yuan, aiming to expand its upstream presence in the optical communication industry [1][2]. Group 1: Acquisition Details - The acquisition is intended to enhance Longxin Bochuang's capabilities in optical device production, thereby improving profitability and operational sustainability [2]. - Longxin Bochuang is required to pay a deposit of 1 million yuan within 10 working days after signing the letter of intent, which will convert into part of the purchase price upon signing the formal agreement [4]. - A four-month exclusivity period is established, during which neither party can negotiate with third parties regarding the relevant equity or assets without written consent [4]. Group 2: Shareholder Activity - Prior to the announcement, major shareholders Zhu Wei and Wang Xiaohong reduced their holdings by a total of 6.9153 million shares, while other executives also made minor reductions in their shareholdings [5]. Group 3: Financial Performance - Longxin Bochuang's 2025 semi-annual report indicates a focus on integrated optoelectronic devices for telecommunications and data communication, with significant revenue growth driven by demand from cloud computing, AI, and big data [6]. - The company forecasts a net profit of 320 million to 370 million yuan for 2025, representing a year-on-year increase of 344.01% to 413.39% [6]. - The increase in net profit is also attributed to the substantial growth of its subsidiary, Changxin Sheng, and an increase in its ownership stake from 42.29% to 60.45% [6].

作为此次收购的发起方，长芯博创深耕光通信领域多年，主营业务为光通信领域集成光电子器件的研 发、生产和销售，产品主要面向电信、数据通信、消费及工业互联领域，控股股东为长飞光纤光缆股份 有限公司。 财务数据方面，近年来公司呈现明显的增收不增利的特点。2022年-2024年，公司营业收入分别为14.67 亿元、16.75亿元、17.47亿元；同期归母净利润为1.94亿元、8147万元、7207万元。 根据2025年业绩预告，得益于云计算、人工智能等新一代信息技术对算力的需求推动数据通信市场快速 发展，带动公司数据通信相关产品收入稳步增长，叠加公司增持的控股子公司长芯盛的业绩同比大幅增 长，公司去年实现归属于上市公司股东的净利润3.2亿元～3.7亿元，比上年同期增长344.01%～ 413.39%。 2月24日晚间，长芯博创发布公告称，公司与上海鸿辉光通科技股份有限公司（以下简称"鸿辉光通"） 签订股权收购意向书，就拟收购其持有的上海鸿辉光联通讯技术有限公司（以下简称"鸿辉光联"） 93.8108%股权达成初步意向，标的股权暂定意向价格约为3.75亿元。 公告称，本次收购是公司在光通信领域产业链上游的布局，公司拟通过 ...

同花顺数据显示，2月24日，长芯博创股价报165.58元/股，总市值约482.8亿元。 拟进军光通信领域产业链上游 公告显示，标的公司上海鸿辉光联通讯技术有限公司成立于2000年9月，法定代表人为黄惠良，主要从 事滤光片、分光镜、高反膜、ZBLOCK等光学器件的研发、生产及销售。 长芯博创表示，此次收购是公司在光通信领域产业链上游的布局，拟通过此次交易实现公司产品在光学 器件上游领域的拓展，提升公司盈利能力和持续经营能力，并进一步发挥协同效应，符合公司和全体股 东的利益。本次收购不构成关联交易及重大资产重组，不会对公司本年度经营业绩构成重大影响。 2月24日晚，长芯博创发布公告称，公司当日与上海鸿辉光通科技股份有限公司（下称"上海鸿辉光 通"）签订《关于上海鸿辉光联通讯技术有限公司的股权收购意向书》，就拟收购其持有的上海鸿辉光 联通讯技术有限公司93.8108%股权达成初步意向。公告显示，此次标的股权暂定意向价格约3.75亿元。 值得注意的是，公告披露，在此次意向书签订前三个月内至公告披露日，长芯博创持股5%以上股东 ZHU WEI（朱伟）及其配偶WANG XIAOHONG（王晓虹）通过集中竞价及大宗交易的方 ...

2月24日，长芯博创涨5.27%，截至发稿，报164.75元/股，成交16.73亿元，换手率3.82%，总市值480.36 亿元。 从基金十大重仓股角度 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 数据显示，财通证券资管旗下1只基金重仓长芯博创。财通资管数字经济混合发起式A（017483）四季 度持有股数144万股，占基金净值比例为3.78%，位居第九大重仓股。根据测算，今日浮盈赚取约1188 万元。 责任编辑：小浪快报 截至发稿，包斅文累计任职时间4年95天，现任基金资产总规模60.14亿元，任职期间最佳基金回报 137.46%， 任职期间最差基金回报8.01%。 资料显示，长芯博创科技股份有限公司位于浙江省嘉兴市南湖区亚太路306号，成立日期2003年7月8 日，上市日期2016年10月12日，公司主营业务涉及光通信领域集成光电子器件的研发、生产和销售。主 营业务收入构成为：数据通信、消费及工业互联市场81.36%，电信市场 ...

Group 1 - The core point of the article highlights the recent performance of Changxin Bochuang, which saw a decline of 1.9% in its stock price, currently at 140.00 yuan per share, with a total market capitalization of 40.819 billion yuan [1] - Changxin Bochuang Technology Co., Ltd. is located in Jiaxing, Zhejiang Province, and was established on July 8, 2003. The company was listed on October 12, 2016, and its main business involves the research, production, and sales of integrated optoelectronic devices in the optical communication field [1] - The revenue composition of Changxin Bochuang's main business includes 81.36% from data communication, consumer and industrial interconnection markets, 18.46% from the telecommunications market, and 0.18% from other sources [1] Group 2 - From the perspective of major circulating shareholders, a fund under Debon Fund ranks among the top shareholders of Changxin Bochuang. The Debon Xinxing Value A fund (001412) entered the top ten circulating shareholders in the third quarter, holding 3.5148 million shares, which accounts for 1.31% of the circulating shares [2] - The Debon Xinxing Value A fund was established on June 19, 2015, with a latest scale of 1.835 billion yuan. It has achieved a return of 135.89% this year, ranking 25th out of 8087 in its category, and a return of 122.98% over the past year, ranking 27th out of 8085 [2] - The fund managers of Debon Xinxing Value A are Lei Tao and Lu Yang, with Lei Tao having a cumulative tenure of 4 years and 4 days, and Lu Yang having a tenure of 2 years and 68 days [2] Group 3 - In terms of the fund's top heavy positions, the Debon Xinxing Value A fund has increased its holdings in Changxin Bochuang by 2.2148 million shares in the third quarter, bringing its total holdings to 3.5148 million shares, which represents 4.16% of the fund's net value [3] - The estimated floating loss for the fund today is approximately 9.5252 million yuan [3]

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]

Group 1 - The core viewpoint of the news is the performance and market position of Changxin Bochuang Technology Co., Ltd., which has seen a stock price increase of 5.02% to 104.82 CNY per share, with a total market capitalization of 30.514 billion CNY [1] - The company, established on July 8, 2003, specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field, with main business revenue composition being 81.36% from data communication, consumer and industrial interconnection markets, 18.46% from the telecommunications market, and 0.18% from other sources [1] - The stock has a trading volume of 6.51 billion CNY and a turnover rate of 2.35% [1] Group 2 - From the perspective of fund holdings, Huashang Fund has a significant position in Changxin Bochuang, with its Huashang Advantage Industry Mixed A Fund increasing its holdings by 62,900 shares in the third quarter, bringing the total to 1.5831 million shares, which constitutes 2.85% of the fund's net value [2] - The fund has achieved a year-to-date return of 80.65%, ranking 125 out of 8,138 in its category, and a one-year return of 77.5%, ranking 200 out of 8,055 [2] - The fund manager, Zhang Mingxin, has been in position for 261 days, with the fund's total asset size at 9.603 billion CNY and a best return of 86.29% during his tenure [3]

Group 1 - The core viewpoint of the news is that Changxin Bochuang's stock has experienced a significant decline, with a 5.03% drop on October 31, leading to a cumulative decline of 8.65% over three consecutive days [1] - As of the report, Changxin Bochuang's stock price is 100.72 yuan per share, with a trading volume of 1.48 billion yuan and a turnover rate of 5.36%, resulting in a total market capitalization of 29.32 billion yuan [1] - The company, established on July 8, 2003, and listed on October 12, 2016, specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Zheshang Securities Asset Management holds Changxin Bochuang as a significant investment, with 1,000 shares representing 2.98% of the fund's net value [2] - The fund, Zheshang Huijin Transformation Upgrade A (001604), has incurred a floating loss of approximately 5,340 yuan today, with a total floating loss of 10,000 yuan during the three-day decline [2] - The fund was established on February 3, 2016, with a latest scale of 2.5746 million, achieving a year-to-date return of 19.21% and a one-year return of 21.34% [2]

Core Points - Changxin Bochuang's stock price has dropped 5.03% to 100.72 CNY per share, with a total market capitalization of 29.32 billion CNY, and a cumulative decline of 8.65% over the past three days [1] - The company specializes in the research, production, and sales of integrated optoelectronic devices in the optical communication field, with 81.36% of its revenue coming from data communication, consumer and industrial interconnection markets, and 18.46% from the telecommunications market [1] Fund Holdings - Huatai Baoxing Fund holds 7,000 shares of Changxin Bochuang in its Huatai Baoxing Kerong A fund, representing 1.43% of the fund's net value, with a floating loss of approximately 37,400 CNY today and a total floating loss of 70,300 CNY over the past three days [2] - The Huatai Baoxing Kerong A fund was established on May 11, 2020, with a current scale of 3.65 million CNY, and has experienced a year-to-date loss of 0.26% [2] - The fund manager, Zhou Yongmei, has a tenure of 7 years and 270 days, with a best return of 43.59% during her tenure, while Chen Qiwei has a tenure of 2 years and 136 days with a best return of 19.71% [2]

Group 1 - The core viewpoint of the news is that Changxin Bochuang's stock has seen a significant increase, with a rise of 5.16% to 115.25 CNY per share, and a total market capitalization of 33.55 billion CNY [1] - Changxin Bochuang Technology Co., Ltd. is located in Jiaxing, Zhejiang Province, and was established on July 8, 2003. The company focuses on the research, production, and sales of integrated optoelectronic devices in the optical communication field [1] - The main business revenue composition includes 81.36% from data communication, consumer and industrial interconnection markets, 18.46% from the telecommunications market, and 0.18% from other sources [1] Group 2 - From the perspective of fund holdings, Changxin Bochuang is a significant investment for Changxin Fund, with the Changxin Quantitative Pioneer Mixed A fund holding 130,300 shares, accounting for 1.48% of the fund's net value, ranking as the fifth-largest holding [2] - The Changxin Quantitative Pioneer Mixed A fund has a total scale of 586 million CNY and has achieved a return of 30.72% this year, ranking 2905 out of 8226 in its category [2] - The fund manager, Zuo Jinbao, has been in position for 10 years and 232 days, with the best fund return during his tenure being 149.65% [3]