来源：新浪证券-红岸工作室 2月27日，联域股份涨3.91%，成交额1.14亿元，换手率7.36%，总市值47.91亿元。 异动分析 物联网+粤港澳大湾区+充电桩+人民币贬值受益+一带一路 1、2024年1月17日投资者关系活动记录表：在智能照明领域，公司积极推进适应植物自控光谱、无线组 网实现照明的智能控制电路等新技术的研发，推动产品智能化、物联化水平提升。公司自研LED灯具标 准化接口技术，并取得美国发明专利，可一站式集成雷达微波、红外、光控、蓝牙等智能感应器，以嵌 入式软件作为控制核心，实现无线组网、远程及自动化控制。 2、公司办公地址：广东省深圳市宝安区燕罗街道罗田社区象山大道172号正大安工业城6栋101-601；12 栋101-301；17栋101-301；21栋101-201 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额3774.92万，占总成交额的3.47%。 技术面：筹码平均交易成本为55.74元 该股筹码平均交易成本为55.74元，近期该股有吸筹现象，但吸筹力度不强；目前股价靠近压力位 65.79，谨防压力位处回调，若突破压力位则可能会开启一波上涨行情。 3、2025年5月20日互 ...

Core Viewpoint - The article explores the transformation of a small county in central China, highlighting the struggles of traditional industries and the emergence of new ones, reflecting broader trends in the Chinese economy [5][46]. Group 1: Traditional Industry Decline - The county has seen a significant decline in traditional retail, with a 37% closure rate of department stores nationwide in 2023 [12]. - The local fireworks industry has drastically reduced from 42 companies in 2018 to just 7 in 2024, resulting in thousands of job losses [14]. - A local breakfast shop that operated for 28 years closed due to changing consumer preferences and high delivery platform fees [13]. Group 2: Emergence of New Industries - New industries are slowly emerging, such as a "photovoltaic industry park" that has attracted 8 companies and created over 3,000 jobs, albeit with lower wages [16][17]. - Community group buying and instant retail have seen a 62% annual growth in market penetration in county areas [17]. - A former department store owner has successfully transitioned to community group buying, achieving over 8 million in revenue last year [17]. Group 3: Youth and Employment Trends - Young people are increasingly returning to their hometowns for work, with a net inflow of about 1,200 individuals in 2024, reversing a previous trend of outmigration [22]. - The local LED lighting factory, which relocated from Guangdong, has brought back a complete production line and over 80 skilled workers [24]. - The county has seen a fourfold increase in charging stations for electric vehicles, from 50 to 200 in three years [21]. Group 4: Education and Healthcare Disparities - The county's top high school dominates over 85% of the college admission slots, leading to a rise in "accompanying study" housing demand [34][35]. - The county hospital has advanced medical facilities, while rural health centers lag significantly behind, prompting the establishment of a "county-town medical community" to improve services [39]. Group 5: Real Estate Market Challenges - The real estate market is struggling, with new property prices less than half of their peak in 2021, and second-hand homes seeing little interest [40]. - The adjustment in the real estate sector is impacting local finances, with new industries like the lighting sector being seen as a potential economic savior [41].

Group 1 - The article highlights the significant changes in a small county in China, where traditional industries are declining while new industries are emerging amidst economic transformation [2][4][31] - The closure rate of traditional department stores in counties reached 37% in 2023, reflecting the struggles of small businesses against changing consumer preferences and rising operational costs [4][6] - The local fireworks industry has drastically reduced from 42 companies in 2018 to just 7 in 2024 due to stricter environmental policies and changing market demands, resulting in many workers needing to find new jobs [4][6] Group 2 - New industries are slowly developing, with the establishment of a "photovoltaic industry park" that has attracted 8 companies and created over 3,000 jobs, albeit with lower wages compared to previous employment [6][17] - Community group buying and instant retail have seen a 62% annual growth in market penetration, indicating a shift towards new business models in the county [6][31] - Young people are increasingly returning to their hometowns for employment, with a net inflow of about 1,200 individuals in 2024, marking a reversal from previous trends of out-migration [10][11] Group 3 - The education system in the county is becoming more centralized, with one school monopolizing over 85% of key university admissions, leading to a rise in the "accompanying study economy" as families rent homes in the county [19][21] - The healthcare sector shows a divide, with advanced facilities in the county hospital contrasting with outdated equipment in rural health clinics, prompting the establishment of a "county-town medical community" to improve services [25][26] - The real estate market is struggling, with new property prices dropping to less than half of their peak in 2021, affecting local finances and the viability of new industries [26][27]

Core Viewpoint - The company, Shenzhen Lianyu Optoelectronics Co., Ltd., is actively advancing its technology in smart lighting and has begun to expand its production bases internationally, benefiting from the depreciation of the RMB and the Belt and Road Initiative [2][3][4]. Group 1: Company Developments - The company is focusing on the development of new technologies in smart lighting, including self-adaptive spectral control for plants and wireless networking for intelligent control circuits [2]. - The company has established a full subsidiary, Shenzhen Haibo, to develop charging piles and energy storage businesses, which have already generated revenue [2]. - As of the 2024 annual report, overseas revenue accounted for 95.62% of total revenue, benefiting from the depreciation of the RMB [3]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.155 billion yuan, representing a year-on-year growth of 1.03%, while the net profit attributable to shareholders decreased by 79.23% to 19.5341 million yuan [8]. - The company has distributed a total of 129 million yuan in dividends since its A-share listing [9]. Group 3: Market Activity - On February 13, the company's stock price fell by 3.29%, with a trading volume of 91.6297 million yuan and a turnover rate of 6.26%, bringing the total market value to 4.384 billion yuan [1]. - The stock has shown no clear trend in major capital inflows, with a net outflow of 3.953 million yuan on the day, ranking 12th out of 14 in its industry [5][6].

Group 1 - The core viewpoint of the articles highlights the strategic advancements of Lianyu Co., Ltd. in the smart lighting sector, particularly through the application of IoT technology and the development of proprietary LED lighting interface standards, which have been patented in the U.S. [1] - The company has diversified its business by establishing subsidiaries in the charging pile and energy storage sectors, successfully creating patents and achieving product shipments [1] - Lianyu's overseas revenue accounts for a significant 95.62%, benefiting from the depreciation of the RMB and the synergistic operations of its production bases in Vietnam and Mexico, which help mitigate trade friction risks [1] Group 2 - Recent stock performance shows that Lianyu Co., Ltd. experienced a limit-up on February 9, closing at 61.93 yuan with a daily increase of 10.00%, and a trading volume of 158 million yuan, indicating significant market interest [2] - The stock price exhibited notable volatility, with a cumulative increase of 10.79% over the past five days and a price fluctuation range of 26.48% [2] - Fund flow analysis indicates a net inflow of approximately 28.3 million yuan from major investors on February 9, which decreased to 241,600 yuan by February 12, suggesting a lack of strong control by major stakeholders [2]

来源：新浪证券-红岸工作室 2月12日，联域股份跌0.24%，成交额1.01亿元，换手率6.81%，总市值45.33亿元。 异动分析 物联网+粤港澳大湾区+充电桩+人民币贬值受益+一带一路 区间今日近3日近5日近10日近20日主力净流入24.16万1693.92万3714.49万8495.20万2954.27万 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额5402.33万，占总成交额的4.76%。 1、2024年1月17日投资者关系活动记录表：在智能照明领域，公司积极推进适应植物自控光谱、无线组 网实现照明的智能控制电路等新技术的研发，推动产品智能化、物联化水平提升。公司自研LED灯具标 准化接口技术，并取得美国发明专利，可一站式集成雷达微波、红外、光控、蓝牙等智能感应器，以嵌 入式软件作为控制核心，实现无线组网、远程及自动化控制。 2、公司办公地址：广东省深圳市宝安区燕罗街道罗田社区象山大道172号正大安工业城6栋101-601；12 栋101-301；17栋101-301；21栋101-201 3、2025年5月20日互动易，公司通过全资子公司深圳海搏积极布局新赛道,自主研发充电桩和储能业 务，目 ...

Group 1 - The core viewpoint of the news is that Lianyu Co., Ltd. has experienced fluctuations in its stock price, with a recent decline of 2.40% to 54.56 CNY per share, while showing a year-to-date increase of 15.54% [1] - As of September 30, 2025, Lianyu Co., Ltd. reported a total revenue of 1.155 billion CNY, reflecting a year-on-year growth of 1.03%, but the net profit attributable to shareholders decreased by 79.23% to 19.5341 million CNY [2] - The company specializes in the research, production, and sales of medium and high-power LED lighting products, with its main business revenue composition being 88.43% from LED lamps, 6.55% from accessories, 4.80% from LED light sources, and 0.22% from other sources [1] Group 2 - The number of shareholders for Lianyu Co., Ltd. as of September 30, 2025, was 6,765, which is a decrease of 20.62% compared to the previous period, while the average circulating shares per person increased by 25.97% to 3,562 shares [2] - Since its A-share listing, Lianyu Co., Ltd. has distributed a total of 129 million CNY in dividends [3] - As of September 30, 2025, the top ten circulating shareholders of Lianyu Co., Ltd. saw a change, with the Noan Multi-Strategy Mixed A fund exiting the top ten list [3]

2、通过大量试验数据以及产品真实环境下的运行数据，公司已构建起持续优化的影像、声音和光学方 面的算法模型，拥有包括人脸影像侦测\识别、移动人形侦测和声音识别等安防监控领域的算法模型， 并已成功导入发行人开发的智能监控类和传感类产品。 3、公司主营业务为LED照明产品、智能家居和智慧建筑等物联网领域产品的研发、制造、销售及服 务。公司主要产品有LED光源、LED灯具、IoT产品、CFL节能灯。在照明领域，立达信系中国照明电 器行业十强企业和中国轻工业科技百强企业，是全国LED照明行业的领军企业之一，已连续多年排名全 国LED照明产品出口规模第一。 4、立达信物联科技股份有限公司的主营业务是LED照明产品、智能家居和智慧建筑等物联网领域产品 的研发、制造、销售及服务。公司的主要产品是照明产品及配件、IoT产品及配件、家电类及配件、其 他产品。 5、根据2024年年报，公司海外营收占比为89.22%，受益于人民币贬值。 来源：新浪证券-红岸工作室 1月14日，立达信跌1.46%，成交额1.22亿元，换手率0.99%，总市值122.24亿元。 异动分析 跨境电商+人工智能+家用电器+物联网+人民币贬值受益 1、根据2 ...

Group 1 - The core viewpoint of the news is that Lianyu Co., Ltd. has shown a mixed performance in terms of stock trading and financial results, with a notable decline in net profit despite a slight increase in revenue [1][2]. - On December 18, Lianyu's stock rose by 1.49%, with a trading volume of 30.34 million yuan. The financing buy amount was 5.86 million yuan, while the financing repayment was 7.41 million yuan, resulting in a net financing buy of -1.55 million yuan [1]. - As of December 18, the total balance of margin trading for Lianyu was 58.29 million yuan, accounting for 4.17% of its market capitalization, indicating a high level compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for Lianyu was 6,765, a decrease of 20.62% from the previous period, while the average circulating shares per person increased by 25.97% to 3,562 shares [2]. - For the period from January to September 2025, Lianyu achieved an operating income of 1.155 billion yuan, representing a year-on-year growth of 1.03%. However, the net profit attributable to the parent company was 19.53 million yuan, a significant decrease of 79.23% year-on-year [2]. - Since its A-share listing, Lianyu has distributed a total of 129 million yuan in dividends. Notably, as of September 30, 2025, the fund "Noan Multi-Strategy Mixed A" has exited the top ten circulating shareholders [3].

Group 1 - The core viewpoint is that Kashgar's Kashi County is leveraging its unique advantages as a core area of the China (Xinjiang) Free Trade Pilot Zone to optimize the business environment and attract processing foreign trade enterprises, aiding them in expanding overseas markets [1] - Xinjiang Xiaode Electric Technology Co., Ltd. focuses on small household appliance manufacturing, producing over 30 types of products including fans, kettles, induction cookers, heaters, juicers, and LED lights, gaining favor in Central Asian markets due to high quality [1] - The company plans to double its production capacity by adding 4 new production lines next year, in addition to the existing 4 lines, based on overseas order demands [1] Group 2 - Kashi County is implementing targeted investment attraction strategies, successfully bringing in quality processing foreign trade enterprises and establishing efficient service mechanisms to support rapid growth [2] - The Kashi Industrial Park is enhancing its support for enterprises through a "one-on-one" service model, addressing various needs such as sales channel expansion, workforce stability, funding assurance, product development, and technological innovation [2] - The county's foreign trade enterprises span various sectors including textiles, household appliances, electronic products, and specialty agricultural products, contributing to local employment and economic development [2]