格隆汇12月23日丨杰华特(688141.SH)公布，公司于2025年12月22日召开了第二届董事会第二十次会 议，审议通过了《关于部分募投项目结项并将节余募集资金永久补充流动资金的议案》，同意公司募集 资金投资项目（以下简称"募投项目"）"高性能电源管理芯片研发及产业化项目"和"先进半导体工艺平 台开发项目"结项，并将节余募集资金永久补充流动资金，用于公司日常生产经营。本次节余募集资金 永久补充流动资金后，公司仍将保留募集资金专户，直至所有待支付项目尾款支付完毕。后续该部分资 金再行产生的利息收入与手续费差额所形成的节余款和根据项目工程验收情况所形成的节余款也将用于 永久补充流动资金，届时公司将办理募集资金专户销户手续。本次节余金额为7,084.75万元，为提高募 集资金的使用效率。 ...

南财智讯12月23日电，杰华特公告，公司于2025年12月22日召开第二届董事会第二十次会议，审议通过 《关于部分募投项目结项并将节余募集资金永久补充流动资金的议案》，同意将募投项目"高性能电源 管理芯片研发及产业化项目"和"先进半导体工艺平台开发项目"结项，上述项目已完成建设并达到预定 可使用状态。截至2025年11月30日，两个项目节余募集资金合计7084.75万元（实际金额以资金转出当 日募集资金专户余额为准），拟全部永久补充流动资金，用于公司日常生产经营。后续待支付尾款支付 完毕后，公司将注销相关募集资金专户。 ...

Core Viewpoint - The company has successfully applied its high-performance power management chip products in the two-wheeler market, indicating a strategic expansion into this sector [1] Group 1: Product Application - The company has shipped some chip products to brand customers in the traditional motorcycle sector [1] - In the electric two-wheeler sector, certain chip products have completed the Design In phase and are awaiting ramp-up for mass production [1] - The technical solutions are gradually being integrated into the product design and development of electric two-wheelers, supporting their intelligent and efficient development [1] Group 2: Market Strategy - The company will continue to monitor the development trends in the two-wheeler market and actively seize market opportunities [1] - There is an emphasis on promoting the company's products in more application areas within the two-wheeler market [1]

Group 1: Market Regulation and Competition - The State Administration for Market Regulation held its fifth enterprise fair competition symposium in 2025, focusing on promoting fair competition and optimizing the business environment, engaging with foreign companies like Samsung and BMW [1] - The administration emphasized strengthening antitrust enforcement and fair competition reviews to eliminate barriers to a unified national market [1] Group 2: Intelligent Manufacturing - The 2025 World Intelligent Manufacturing Conference was held in Nanjing, where it was reported that over 7,000 advanced and 500 excellent smart factories have been established nationwide, with the total scale of the intelligent manufacturing industry exceeding 4.5 trillion yuan [2] - The Ministry of Industry and Information Technology plans to focus on intelligent manufacturing as a key direction for building a strong manufacturing nation [2] Group 3: Human Resources Development - China has established 36 national talent markets and 29 national industrial parks, enhancing the human resources service industry and creating a service system focused on employment and talent allocation [3] Group 4: 3D Printing Industry - A collaboration between Tuo Zhu Technology and Haina Technology aims to build the world's largest 3D printing factory in Shenzhen, with plans to deploy 15,000 Tuo Zhu 3D printers by Q1 2026 [4] Group 5: Nuclear Fusion Technology - A nuclear fusion technology exhibition in Beijing featured 17 companies showcasing advancements in nuclear fusion devices and components [5] Group 6: Renewable Energy Projects - The "Shagehuang" clean energy base project in Qinghai, with a total investment of nearly 73 billion yuan, has commenced construction, featuring a total power scale of 19.44 million kilowatts, with 86.4% from renewable sources [6] Group 7: Stock Market Outlook - JPMorgan has upgraded its rating for A-shares to "overweight," citing a higher probability of significant gains in the Chinese stock market next year due to multiple positive incremental drivers [7] Group 8: Company News - Various companies reported significant developments, including Anhui Construction winning projects worth 2.603 billion yuan, and Li'anlong planning a 50 million yuan investment for a 25% stake in Stofor [8]

Core Viewpoint - The company has begun shipping high-performance power management chips to ODM manufacturers for use in Quark AI glasses, although the sales volume and revenue contribution remain relatively small [2] Group 1 - The company has successfully delivered high-performance power management chips to ODM manufacturers [2] - The chips are intended for application in Quark AI glasses [2] - The current sales volume and revenue from these products represent a minor portion of the company's total revenue [2]

Core Viewpoint - The company has successfully shipped high-performance power management chips to ODM manufacturers, which are ultimately used in Quark AI glasses, although the current sales volume and revenue contribution remain small [1] Group 1 - The company has achieved shipments of its power management chips to ODM manufacturers [1] - The chips are being applied in Quark AI glasses products [1] - The sales volume and revenue from these products currently represent a small proportion of the company's total revenue [1]

Core Viewpoint - The company has successfully shipped high-performance power management chips to ODM manufacturers, which will be used in Quark AI glasses, although the current sales volume and revenue contribution remain relatively small [1] Group 1 - The company has achieved shipments of its power management chips to ODM manufacturers [1] - The chips are intended for use in Quark AI glasses [1] - The sales volume and revenue from these shipments currently represent a small proportion of the company's total revenue [1]

Macro Trends - The State Council has approved a joint implementation plan by six departments to enhance the adaptability of supply and demand for consumer goods, aiming to promote consumption and achieve a dynamic balance between supply and demand [1] - By 2027, the plan targets a significant optimization of the consumer goods supply structure, creating three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots [1] - By 2030, a high-quality development pattern characterized by positive interaction between supply and consumption is expected to be established, with a steady increase in consumption's contribution to economic growth [1] Telecommunications Industry - As of the end of October, the total number of mobile phone users among the three major telecom operators and China Broadcasting Network reached 1.83 billion, with a net increase of 40.15 million users compared to the end of last year [2] - The number of 5G mobile phone users reached 1.184 billion, representing a net increase of 17 million users, accounting for 64.7% of total mobile phone users [2] Automotive Industry - From November 1 to 23, the retail sales of new energy vehicles in the passenger car market reached 849,000 units, a year-on-year increase of 3% [3] - Cumulatively, retail sales for the year reached 10.998 million units, a 20% increase compared to the same period last year [3] - During the same period, wholesale sales of new energy vehicles reached 995,000 units, a year-on-year increase of 4% [3] Medical Device Industry - The medical device market in China is expected to reach a scale of 1.22 trillion yuan by 2025, with over 33,000 medical device manufacturing enterprises projected by the end of 2024, marking a 27.8% increase from the end of the 13th Five-Year Plan [4] - The industry is transitioning from "catching up" to "running together and leading," supporting the "Healthy China" strategy [4] - Future developments will focus on digital integration and enhancing the modernization of the supply chain [4] Company News - Huafeng Aluminum plans to acquire 100% equity of Huafeng Puen for 100 million yuan [5] - Hainan Highway's subsidiary intends to acquire 51% equity of Hainan Huate for 21.0725 million yuan [5] - Changguang Huaxin has achieved mass production of 100G EML in the optical communication field, with 200G EML samples now being sent [5] - Yidong Electronics plans to acquire 51% equity of Shenzhen Guanding for 61.2 million yuan, which specializes in AI computing power liquid cooling solutions [5] - New Star Co. plans to reduce its stake by up to 0.5% [5] - Aolaide intends to raise no more than 300 million yuan through a private placement for OLED display core material production projects [5] - Weiling Co.'s major shareholder is planning significant matters, leading to continued stock suspension [5]

Robotics - Lingyi Zhi Zao has signed strategic cooperation agreements with several leading embodied intelligence companies to promote the hardware manufacturing of embodied robots [1] - Luxshare Precision is expected to ship 3,000 humanoid robots this year [1] Batteries - Tiannai Technology claims that single-wall products are the best choice for fast-charging batteries, with fourth-generation and pure single-wall products significantly enhancing battery rate and cycle life [1] - Ninebot reports that fluctuations in lithium carbonate prices have not directly impacted product pricing; the company has preemptively stocked multiple new electric bicycle products that meet new national standards [1] Chips - Xidi Micro has successfully integrated its high-performance power management chip products into the Meta supply chain through ODM manufacturers [1] - Silan Micro has launched four key analog chips for AI computing power [1] Electronics - BOE Technology Group indicates that the overall supply and demand in the industry is under pressure, with a forecasted decline in the shipment volume of foldable products in the second half of the year [1] - Luxshare Precision anticipates mass production of microchannel technology next year [1] - Zhihui Power, as a first-tier supplier to Google, provides mobile-related components through Foxconn and Taiwan's Compal [1] Others - Jinli Permanent Magnet holds indirect shares in Muxi Co., Ltd [1] - Chunhui Zhikong has begun bulk supply of satellite release devices to satellite manufacturers [1] - Nandu Property holds indirect shares in Yundongchu through the Saizhi Zhudragon Fund [1] - Chuangyuan Technology's subsidiary Suzhou Bearing supplies mainly needle bearing products for the commercial aerospace sector, although the supply volume is relatively small [1] - Shengyuan Environmental Protection has indirectly participated in investment in Moore Threads by subscribing to fund shares [1] - Shengyang Co., Ltd has launched full immersion liquid cooling energy storage systems and solutions into the market [1] - Weichai Power does not have a gas turbine business [1]

证券日报网讯希荻微11月26日在互动平台回答投资者提问时表示，公司高性能电源管理芯片产品已通过 ODM厂商进入Meta的供应链，应用于其智能眼镜产品，相关订单仍在持续出货中。截至目前，公司产 品已广泛应用于Meta、雷鸟、亿境等多家国内外品牌客户的AI/AR眼镜产品。公司对AI/AR等智能眼镜 市场前景持乐观态度，将持续关注市场发展趋势，不断扩充产品品类，以深化与下游客户以及终端客户 的合作。 ...