（原标题：主力资金丨尾盘资金出逃3股超亿元） 11个行业获主力资金净流入。 今日（6月26日），A股三大指数集体回调，市场成交额达到1.62万亿元，较昨日小幅缩量。行业板块涨少跌多，船舶制造、旅游酒店、采掘行 业、多元金融、银行板块涨幅居前，化学制药、半导体、医疗服务、美容护理、汽车整车板块跌幅居前。 从主力资金情况来看，沪深两市全天净流出271.67亿元。有11个行业主力资金净流入，其中通信行业净流入21.57亿元，远超其他行业；食品饮 料、交通运输行业净流入居前，金额分别为3.21亿元、1.92亿元；煤炭、社会服务行业净流入金额均超1亿元。 20个主力资金净流出行业中，计算机行业净流出金额居首，为50.62亿元；非银金融、电力设备、汽车、电子、国防军工行业净流出金额居前，均 超20亿元。 6股净流入超3亿元 从个股来看，48股主力资金净流入超1亿元，6股净流入超3亿元。 楚天龙主力资金净流入6.34亿元，该股午后开盘快速涨停，但随后炸板，不过很快又再次涨停。截至收盘，楚天龙成交金额为28.97亿元，走出"7 天3板"行情。 尾盘净流出方面，比亚迪、中兵红箭、东方财富3股尾盘主力资金净流出金额居前，均超1亿 ...

联特科技：公司1.6T产品处于样品测试阶段 智通财经6月12日电，联特科技(301205.SZ)在业绩说明会上表示，公司1.6T产品处于样品测试阶段。根 据最新的关税政策，半导体分类下的通讯设备、光模块等产品是豁免对等关税的，关税费用的承担与贸 易条款相关。公司目前生产经营情况正常，市场需求及订单情况未发生重大变化。公司将持续关注关税 政策变化，加强与客户的沟通协协同，减少因关税政策造成的影响。 ...

投资者关系活动记录表 编号：2025-001 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员 | 线上参与业绩说明提问的全体投资者 | | 姓名 | | | 时间 | 2025年6月12日 (周四) 下午14:30-16:50 | | 地点 | 通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网络远程的 | | | 方式召开业绩说明会 | | 上市公司接待人员姓名 | 董事长兼总经理张健 | | | 副总经理兼董事会秘书肖明 | | | 财务总监罗楠 | | | 独立董事余玉苗 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、联特科技中报预计什么时候发布？ | | 投资者关系活动主要 | 尊敬的投资者您好，目前还未到预约披露时间段。感谢您的关注！ | | 内容介绍 | 2、公司发展前景如何？ | | | 尊敬的投资者您好，公司发展前景良好。感谢 ...

网络接配及塔设 天孚通信（300394.SZ） 买入-A(维持) 经营节奏保持稳健，大客户 1.6T 和 CPO 产品有望带来新动能 2025 年 5 月 22 日 公司研究/公司快报 公司近一年市场表现 事件描述 公司发布 2024 年年报和 2025 年一季报。2024 年，公司实现营收 32.5 亿元，同比增长 67.7%；实现归母净利润 13.4 亿元，同比增长 84.1%；单 Q4 来看，公司实现营收 8.6 亿元，同环比分别增长 17.0%、2.2%；实现归母 净利 3.7 亿元，同环比分别增长 26.2%、13.9%。 2025 年一季度，公司经营节奏稳健。实现收入 9.5 亿元，同环比分别增长 29.1%、10.2%；实现归母净利润 3.4 亿元，同环比分别增长 21.1%、下降 8.0%。 市场数据：2025 年 5 月 22 日 收盘价（元）： 76.45 事件点评 年内最高/最低（元）： 149.88/57.11 流通A股/总股本（亿）： 5.54/5.55 流通 A 股市值（亿）： 423.60 总市值（亿）： 424.52 基础数据：2025 年 3 月 31 日 基本每股收益(元) ...

公司报告 | 年报点评报告 立讯精密（002475） 证券研究报告 业绩符合预期，横向拓展+垂直整合+全球化布局持续强化竞争力 事件：公司发布 2024 年年报、2025 年一季报、2025 年半年报业绩预告。2024 年公司实现营收 2687.95 亿元，yoy+15.91%，实现归母净利润为 133.66 亿元，yoy+22.03%。25Q1 实现营业总收 入 617.88 亿元，yoy+17.90%，实现归母净利润为 30.44 亿元，yoy+23.17%。预计 25H1 实现归母 净利润 64.75-67.45 亿，yoy+20-25%。 点评：24 年业绩符合预期，横向拓展+垂直整合+全球化布局持续强化竞争力。2024 年公司实现 营收 2687.95 亿元，yoy+15.91%，实现归母净利润为 133.66 亿元，yoy+22.03%。分业务板块看， 电 脑 /汽 车/ 通讯 /消 费电 子/ 其他 分 别实 现营 收 90.02/137.58/183.60/2240.94/35.81 亿元， yoy+20.15%/+48.69%/+26.29%/ +13.65%/+4.13% ，毛利率 分别为 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a revenue of 268.79 billion yuan in 2024, representing a year-on-year growth of 15.9%, with a net profit attributable to shareholders of 13.37 billion yuan, up 22.0% year-on-year [4][5] - In Q1 2025, the company reported a revenue of 61.79 billion yuan, a year-on-year increase of 17.9%, and a net profit of 3.04 billion yuan, up 23.2% year-on-year [4][5] - The company expects a net profit attributable to shareholders for the first half of 2025 to be between 6.48 billion and 6.75 billion yuan, reflecting a year-on-year growth of 20%-25% [4] Summary by Sections Financial Performance - In 2024, the company recorded a comprehensive gross margin of 10.4%, down from 11.6% in 2023, primarily due to losses from certain smart wearable products and temporary overcapacity in domestic production [5] - The gross margin for Q1 2025 improved to 11.2%, an increase of 0.4 percentage points year-on-year, attributed to ongoing internal management improvements and cost optimization [5] Business Segments - The consumer electronics segment generated revenue of 224.09 billion yuan in 2024, maintaining rapid growth through a strategy of "scene ecology, AI empowerment, and global collaboration" [6] - The communications segment achieved revenue of 18.36 billion yuan in 2024, a year-on-year increase of 26.3%, driven by growth in component business [7] - The automotive segment saw revenue of 13.76 billion yuan in 2024, up 48.7% year-on-year, with expectations for continued high growth in 2025 [8] Future Projections - The company forecasts net profits attributable to shareholders of 17 billion yuan, 21.3 billion yuan, and 24.9 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.34, 2.94, and 3.44 yuan per share [9][10] - The projected P/E ratios for 2025, 2026, and 2027 are 13.0, 10.4, and 8.9 respectively, indicating a favorable valuation outlook [9][10]

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [6][18]. Core Views - The company's performance in 2024 is in line with expectations, driven by horizontal expansion, vertical integration, and a strengthened global layout [2][3]. - The company achieved a revenue of 268.795 billion yuan in 2024, representing a year-over-year growth of 15.91%, and a net profit attributable to the parent company of 13.366 billion yuan, up 22.03% year-over-year [2][3]. - For Q1 2025, the company reported total revenue of 61.788 billion yuan, a year-over-year increase of 17.90%, with a net profit of 3.044 billion yuan, up 23.17% year-over-year [3]. Financial Performance Summary - The company expects to achieve a net profit of 6.475 to 6.745 billion yuan in H1 2025, representing a year-over-year growth of 20% to 25% [2]. - The revenue breakdown by business segments for 2024 includes: - Computers: 9.002 billion yuan (yoy +20.15%) - Automotive: 13.758 billion yuan (yoy +48.69%) - Communications: 18.360 billion yuan (yoy +26.29%) - Consumer Electronics: 224.094 billion yuan (yoy +13.65%) - Others: 3.581 billion yuan (yoy +4.13%) [2]. - The gross profit margins for these segments were 18.9%, 16.1%, 16.4%, 9.1%, and 18.9% respectively, with slight variations year-over-year [2]. Business Segment Insights - The consumer electronics segment is focusing on horizontal expansion and vertical integration, aiming to enhance long-term growth potential through a strategy that includes "scene ecology, AI empowerment, and global collaboration" [3]. - The automotive segment continues to show strong growth, with new projects expected to ramp up production in 2025, particularly in high-voltage and high-speed wiring harnesses [5]. - The communications business is developing a complete technology matrix, with significant advancements in high-speed cable products and power management solutions expected to double revenue and profit in 2025 [4]. Financial Projections - The company forecasts revenues of 311.802 billion yuan in 2025, with a growth rate of 16% [11]. - The net profit attributable to the parent company is projected to be 16.484 billion yuan in 2025, reflecting a growth rate of 23.33% [11]. - The earnings per share (EPS) is expected to reach 2.27 yuan in 2025, with a price-to-earnings (P/E) ratio of 13.42 [11].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 268.79 billion yuan for 2024, representing a year-on-year growth of 15.9%, with a net profit attributable to shareholders of 13.37 billion yuan, up 22.0% year-on-year [4][5] - In Q1 2025, the company achieved a revenue of 61.79 billion yuan, a year-on-year increase of 17.9%, and a net profit of 3.04 billion yuan, up 23.2% year-on-year [4][5] - The company expects a net profit attributable to shareholders for the first half of 2025 to be between 6.48 billion and 6.75 billion yuan, reflecting a year-on-year growth of 20%-25% [4] Summary by Sections Financial Performance - In 2024, the company achieved a comprehensive gross margin of 10.4%, down from 11.6% in 2023, primarily due to losses from certain smart wearable products and short-term overcapacity in domestic production [5] - The gross margin for Q1 2025 improved to 11.2%, an increase of 0.4 percentage points year-on-year, attributed to continuous internal management improvements and cost optimization [5] Business Segments - The consumer electronics segment generated revenue of 224.09 billion yuan in 2024, maintaining rapid growth through a three-pronged strategy of "scene ecology, AI empowerment, and global collaboration" [6] - The communications segment reported revenue of 18.36 billion yuan in 2024, a year-on-year increase of 26.3%, driven by growth in component business [7] - The automotive segment achieved revenue of 13.76 billion yuan in 2024, a significant year-on-year growth of 48.7%, with expectations for continued high growth in 2025 [8] Profit Forecast - The company forecasts net profits attributable to shareholders of 17 billion yuan, 21.3 billion yuan, and 24.9 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.34, 2.94, and 3.44 yuan per share [9][10]