Industry News - The Ministry of Culture and Tourism announced the resumption of travel for Shanghai residents to Kinmen and Matsu to normalize cross-strait exchanges and benefit both sides [26] - Reports indicate that Musk's team has been exploring the Chinese photovoltaic industry chain, with orders signed with heterojunction equipment manufacturers [26][17] - The National Medical Insurance Administration issued a notice to strengthen management of designated medical institutions for mental illnesses and combat illegal use of medical insurance funds [26] - The 16th General Assembly of the China Artificial Intelligence Industry Development Alliance was held, focusing on breakthroughs in key technologies such as computing power chips and industrial models [26] - The Guangdong Province issued opinions to accelerate the high-quality construction of a digital society, expanding the operational area for autonomous public transport and smart transportation services [27] - An expert seminar on the "14th Five-Year" development plan for the gold industry emphasized the need to focus on key technological bottlenecks and enhance the integration of production, education, and research [27] - The China Electronics Technology Group announced the successful delivery of the first domestically produced 12-inch silicon carbide wafer thinning equipment, marking a breakthrough in large-size silicon carbide processing [27][28] Company News - JinkoSolar announced that it has not engaged in any cooperation with Musk's team [30] - The Shanghai Stock Exchange issued a regulatory warning to Woge Optoelectronics for inaccurate and incomplete information related to "commercial space" and "brain-computer interface," which may mislead investors [31] - The company Guo Sheng Technology stated that it is not involved in the space photovoltaic business [39] - Jingsheng Mechanical and Electrical announced that the application scenarios for "space photovoltaic" are still in the exploratory stage [39] - Tiantong Co., Ltd. stated that it does not produce commercial satellites or optical module products [39] - Shuangliang Energy announced that it has not yet engaged in space photovoltaic-related business [39] - Chang'an Automobile plans to repurchase company shares worth between 1 billion to 2 billion yuan [48]

证券代码：600330 证券简称：天通股份 公告编号：2026-009 天通控股股份有限公司 股票交易风险提示性公告 公司股票于 2026 年 1 月 30 日至 2 月 4 日涉及三个交易日涨停，累计涨幅达 37.39%，累计换手率 58.06%，上述指标均远高于行业同期平均水平。公司主营 业务及商业模式均未发生重大变化，也不存在应披露而未披露的重大信息。公司 再次特别提醒广大投资者注意热点炒作风险，理性判断、谨慎决策。 二、日常经营风险 截至本公告日，公司生产经营情况以及经营环境未发生重大变化，经营管理 正常。 （一）就目前市场上较为关注的商业航天概念、铌酸锂晶体领域及 CPO 概念， 公司核查如下： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●天通控股股份有限公司（以下简称"公司"）股票价格自 2026 年 1 月 30 日至 2 月 4 日涉及三个交易日涨停，公司已于 2026 年 2 月 4 日披露了《股票交 易异常波动公告》（公告编号：2026-008）。2026 年 1 月 30 日至 2 ...

天通股份（600330）(600330.SH)发布风险提示性公告称，公司主营业务为电子材料及高端专用装备的 研发、制造和销售。经自查，公司目前生产经营正常，内部生产经营秩序正常，主营业务未发生重大变 化，公司不存在其他应披露而未披露的重大信息。近期，公司因商业航天概念、铌酸锂晶体领域及CPO 概念影响，受关注度较高。其中，公司主营业务未发生变化，公司不生产商业卫星;铌酸锂晶体领域涉 及公司"大尺寸射频压电晶圆项目"，该项目为公司募投项目，建设期将延期至2029年12月，截至目前该 项目尚未结项，且尚未形成稳定收入;公司主营业务未发生变化，公司不生产光模块产品。公司特别提 醒广大投资者注意热点概念炒作风险，理性判断、谨慎决策。 ...

Core Viewpoint - The company, Tiantong Co., Ltd. (600330.SH), has issued a risk warning announcement stating that its main business in electronic materials and high-end specialized equipment remains stable and has not undergone significant changes [1] Business Operations - The company confirms that its production and operational order is normal, and there are no undisclosed significant information [1] - The company does not engage in the production of commercial satellites or optical module products [1] Project Updates - The company is involved in the "large-size RF piezoelectric wafer project" within the niobate lithium crystal field, which is a fundraising project with a construction period extended to December 2029 [1] - As of now, this project has not been completed and has not generated stable revenue [1] Market Sentiment - The company has gained increased attention due to the commercial aerospace concept, niobate lithium crystal field, and CPO concept [1] - The company advises investors to be cautious of speculative risks associated with hot concepts and to make rational judgments [1]

Core Viewpoint - The company, Tiantong Co., Ltd. (600330.SH), reports that its main business in electronic materials and high-end specialized equipment remains stable, with no significant changes or undisclosed major information [1] Business Operations - The company confirms that its production and operational order is normal, and its main business has not undergone significant changes [1] - The company does not engage in the production of commercial satellites [1] - The company is involved in the "large-size RF piezoelectric wafer project" within the niobate lithium crystal field, which is a fundraising project with a construction period extended to December 2029; this project has not yet been completed and has not generated stable revenue [1] - The company does not produce optical module products [1] Market Attention - The company has gained increased attention due to the commercial aerospace concept, niobate lithium crystal field, and CPO concept [1] - The company advises investors to be cautious of speculative risks associated with hot concepts and to make rational judgments and decisions [1]

Core Insights - The main focus of the news is the significant inflow of capital into specific stocks, indicating strong investor interest and potential growth in these companies and their respective industries [1][2][3] Group 1: Stock Performance and Capital Inflow - Kunlun Wanwei saw a capital inflow of 795 million yuan with a price increase of 5.82% [2] - Shunhao Co. experienced a capital inflow of 651 million yuan and a price increase of 9.98% [2] - Contemporary Amperex Technology (宁德时代) had a capital inflow of 561 million yuan with a price increase of 1.21% [2] - Kweichow Moutai (贵州茅台) attracted 551 million yuan in capital inflow and increased by 1.3% [2] - Yanzhou Coal Mining Company (兖矿能源) saw a capital inflow of 430 million yuan with a notable increase of 10.01% [2] - Other notable stocks include Shanzhi Gaoke, China Satellite, and China Shipbuilding, each with significant capital inflows and price increases [1][2][3] Group 2: Industry Insights - The internet services sector, represented by Kunlun Wanwei, is showing strong investor confidence [2] - The packaging materials industry, highlighted by Shunhao Co., is also attracting significant capital [2] - The battery industry, represented by Contemporary Amperex Technology, continues to draw investor interest despite a modest price increase [2] - The coal industry, with companies like Yanzhou Coal and Meijin Energy, is experiencing substantial capital inflows, indicating a potential resurgence [2][3] - The aerospace and wind energy sectors, represented by China Satellite and China Shipbuilding, are also gaining traction among investors [1][2][3]

Summary of Conference Call on Thin Film Lithium Niobate (TFLN) and Related Companies Industry Overview - The thin film lithium niobate (TFLN) is identified as a crucial component for achieving single-wave 400G technology, as the silicon photonics path has reached its physical limits [1] - TFLN is recognized for its high electro-optic coefficient and bandwidth capabilities, with laboratory tests achieving over 260Gbaud [1] Key Points on TFLN and Its Applications - The "silicon photonics + TFLN" heterogeneous integration scheme is essential for 3.2T optical modules, balancing cost control with performance enhancement [1] - TFLN is expected to see significant usage in CPO (Co-Packaged Optics) and OIO (Optical Interconnects) scenarios [1] Technical Implementation - The integration process involves slicing TFLN, using Dieto Wafer or Wafer to Wafer techniques, and bonding it to SOI (Silicon On Insulator) wafers to produce high-speed modulator chips [3] - The TFLN serves as the modulation core, while the silicon photonics part handles passive functions like routing and coupling, leveraging CMOS technology for cost efficiency [3] Company Insights Anfu Technology - Anfu Technology has a stake in Yilong Micro, which successfully completed tri-party testing of the world's first single-wave 400Gbps heterogeneous integrated chip in Q2 2025 [3] - The company is set to launch a pilot production line with an annual capacity of 500,000 chips in Q3 2025, focusing on TFLN modulator integration [3] - The expected price for a single heterogeneous integrated modulator for a 3.2T module is projected to reach $200, indicating high margins and significant market potential [3][4] Tiantong Co., Ltd. - Tiantong holds over 50% of the domestic market share for TFLN chips and serves as a supplier to companies like Anfu [4] - The value of products corresponding to each optical module is estimated to be several hundred RMB, with net profit margins exceeding 40% [4] Competitive Landscape - The thin film lithium niobate industry in China is noted for its completeness, providing a significant advantage for domestic manufacturers compared to the indium phosphide industry, which is primarily based in the US and Japan [2] Financial Outlook - Anfu's main business, Nanfu Battery, is projected to generate a profit of 1 billion RMB, contributing to a market valuation of 20 billion RMB [3][4] - The optical communication business is also expected to add another 20 billion RMB in market value [4]

Buybacks and Shareholder Actions - Guizhou Moutai has repurchased a total of 416,900 shares, accounting for 0.0333% of its total share capital, with a total payment of 571 million yuan [1] - Contemporary Amperex Technology Co., Ltd. has repurchased 15,990,800 shares, representing 0.3628% of its total A-share capital, with a total transaction amount of 4.386 billion yuan [2] - SF Holding has repurchased 5,095,850 shares, which is 1.01% of its total share capital, with a total amount of approximately 2 billion yuan [10] - Wireless Media has seen its major shareholders reduce their stakes, with Wensheng Fund and its concerted parties reducing 4% of the total share capital [12] Corporate Actions and Financial Updates - Tai Ling Microelectronics announced that its second-largest shareholder, the National Integrated Circuit Industry Investment Fund, has reduced its stake from 6.95% to 5.97% by selling 2,321,300 shares [3] - Nape Mining has terminated its investment in Swiss Veritas Resources AG due to changes in delivery conditions, with no breach of contract [4] - Huangshan Tourism plans to invest approximately 530 million yuan in the construction of a hotel project, with a total building area of 79,178.15 square meters [8][9] - *ST Jinling's restructuring plan has been approved by the court, allowing the company to enter the execution phase of the plan [7] Performance and Sales - Country Garden reported a contract sales amount of approximately 2.21 billion yuan for January 2026, with a sales area of about 280,000 square meters [11] - Industrial Fulian has accumulated a total buyback fund of 247 million yuan as of January 31, 2026 [17] - Yutong Bus produced 2,167 vehicles in January 2026, a decrease of 15.35% year-on-year [17]

Market Overview - After a significant drop yesterday, the A-share market rebounded today, influenced by a collective rebound in the external markets [3] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closed up by 1.29%, 2.19%, and 1.86% respectively, with a total market turnover exceeding 2.5 trillion [4] Aerospace Sector - The aerospace sector was the strongest performer in today's rebound, with multiple stocks hitting the daily limit, including Zhongchao Holdings, Taihao Technology, and others [5] - The SpaceX concept, solar power, and aerospace stocks surged by 9.4%, 5.23%, and 4.38% respectively [7] Film and Television Sector - The film and television sector showed a continuous slight increase, with a notable performance from Hengdian Film, which achieved a four-day consecutive rise [13] - The sector closed up by 2.23%, driven by pre-holiday speculation for the upcoming Spring Festival box office [15] Gaming Sector - The gaming sector experienced a significant drop, with Tencent Holdings and other companies seeing declines due to rumors regarding potential increases in value-added tax rates [19] - Following clarifications from industry experts, the gaming sector rebounded, closing up by 2.89% [23] Computing Power Chips - The chip sector faced a sharp decline, particularly with Cambrian Technology, which saw a drop of over 14% due to rumors about revenue guidance [26] - Despite a clarification from Cambrian Technology denying the rumors, the stock still ended down over 9% [26]

Investment Projects - Huangshan Tourism plans to invest approximately 530 million yuan in the construction of the Huangshan Binjiang East Road No. 12 hotel project, with a total construction area of 79,178.15 square meters and a construction period of 24 months [2] - Xuguang Electronics intends to raise no more than 1 billion yuan through a private placement to fund projects including the expansion of high-voltage vacuum arc extinguishing chambers and other R&D initiatives [4] - Jichuan Pharmaceutical's subsidiary has paid 80 million yuan for exclusive commercialization rights of the Inusimab injection, indicating a strategic move into the biopharmaceutical market [5] Stock Performance and Risks - Hangdian Co. reported a significant stock price increase of 32.97% over three trading days, but warns of potential trading risks due to a negative rolling P/E ratio and expected net loss of approximately 300 million yuan for 2025 [3] - Sanbian Technology and Tiantong Co. both experienced abnormal stock price fluctuations, with no undisclosed significant information affecting their operations [6][7] - Wanfeng Co. noted a stock price increase of 46.43% while highlighting uncertainties regarding the price changes of core intermediate products and their impact on future earnings [8] Financial Performance - Gaotie Electric reported a net profit of 51.46 million yuan for 2025, a year-on-year increase of 14.02%, with total revenue of 1.181 billion yuan, up 17.16% [10] - Yaokang Bio achieved a net profit of 144.40 million yuan, reflecting a 31.49% increase year-on-year, driven by improved overseas sales and domestic demand recovery [11] - Babi Foods reported a slight decline in net profit to 273 million yuan, despite a revenue increase of 11.22% to 1.859 billion yuan, indicating challenges in maintaining profitability [12] - Zhongyuan Media's net profit rose by 30.99% to 1.349 billion yuan, despite a revenue decline of 5.13% [13] Shareholding Changes - Shangluo Electronics' controlling shareholder plans to reduce their stake by 3% due to personal financial needs [15] - Yilian Technology's shareholder intends to reduce their holdings by up to 2% within three months [16] - Wuxi Zhenhua's shareholders plan to reduce their stakes by 2% and 1% respectively [17] - Changchun Yidong's shareholder intends to reduce their stake by 3% through various trading methods [18] Major Contracts - Yitong Century has been pre-selected for a 1.07 billion yuan comprehensive maintenance service project with China Tower [20] - Chengbang Co. signed new project contracts worth 40.03 million yuan in Q4 2025, contributing to a total of 1.43 billion yuan for the year [21] - Hongfuhan signed a contract worth 480 million yuan with Guangdong Quanxiang for the supply of robots and related products, which is expected to significantly impact future earnings [22]