东兴晨报 P1 经济要闻 | 本期编辑 | | | --- | --- | | 分析师：刘嘉玮 | | | 010-66554043 | liujw_yjs@dxzq.net.cn | | 执业证书编号： | S1480519050001 | 东兴证券研究所金股推荐 | 证券代码 | 证券简称 | | --- | --- | | 002392.SZ | 北京利尔 | | 002991.SZ | 甘源食品 | | 300619.SZ | 金银河 | | 300627.SZ | 华测导航 | | 300666.SZ | 江丰电子 | | 300810.SZ | 中科海讯 | | 603209.SH | 兴通股份 | | 603239.SH | 浙江仙通 | | 688095.SH | 福昕软件 | | 688627.SH | 精智达 | 数据来源：《二月金股汇》 2026 年 02 月 02 日，东兴证券研究所 东 兴 晨 报 东 兴 证 券 股 份 有 限 公 司 敬请参阅报告结尾处的免责声明 东方财智 兴盛之源 2026 年 2 月 27 日星期五 1. 中国人民银行：发布关于银行业金融机构人民币跨境同业融资 ...

今日（2月27日）算力概念继续活跃，重点布局国产AI产业链的科创人工智能ETF（589520）场内价格 盘中拉升2.4%，现涨2.3%，冲击日线2连阳！ | | 分时 多日 1分 5分 15分 30分 · | | | F9 盘鹅盘后 盘加 九转 图线 工具 ♡ 2 | | > | | 科创人工智能ETF华宝 1 | 589520 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0 | 0.70 | 589520(8401人工智能ETF华富) 11:12 价 0.705 股跌 0.016(2.32%) 均价 0.694 | | | | 2619 | 0.705 | | +0.016 +2.32% | | 图 密 | | | | | | | SSE CNY 11:12:43 文国中 | | 0 / 8 + | | | 0.703 | | | | | 2.09% | 净值出费 | | 华宝上还料创板人工智能ETF | | ਮ | 0.700 | | | | | 1.57% | 酸化 | 9.44% 受班 | -12154 | | | ...

报告期内公司原有核心业务板块营业收入同比增长及降本增效使总体费用增长幅度下降，二者共同作用 使原有核心业务板块的营业利润和利润总额较上年有较大幅度的增加，同时，新并购子公司的营业收入 及归属于母公司所有者的净利润增量也对合并报表的相关财务指标带来一定影响。 福昕软件(688095.SH)披露2025年度业绩快报，公司预计实现营业总收入约10.75亿元，同比增长51.20%; 归属于母公司所有者的净利润2752.10万元，同比增加2.09%;归属于母公司所有者的扣除非经常性损益 的净亏损868.09万元;基本每股收益0.306元。 ...

证券日报网讯 2月26日，福昕软件发布公告称，公司2025年实现营业总收入107526.26万元，同比增长 51.20%；归属于母公司所有者的净利润2752.10万元，同比增长2.09%。 （文章来源：证券日报） ...

报告期内公司原有核心业务板块营业收入同比增长及降本增效使总体费用增长幅度下降，二者共同作用 使原有核心业务板块的营业利润和利润总额较上年有较大幅度的增加，同时，新并购子公司的营业收入 及归属于母公司所有者的净利润增量也对合并报表的相关财务指标带来一定影响。 福昕软件(688095.SH)披露2025年度业绩快报，公司预计实现营业总收入约10.75亿元，同比增长51.20%; 归属于母公司所有者的净利润2752.10万元，同比增加2.09%;归属于母公司所有者的扣除非经常性损益 的净亏损868.09万元;基本每股收益0.306元。 ...

报告期内，归属于母公司所有者的净利润2,752.10万元，同比增加2.09%；归属于母公司所有者的扣除 非经常性损益的净利润-868.09万元，同比亏损收窄95.70%。 格隆汇2月26日丨福昕软件(688095.SH)公布2025年度业绩快报，报告期内，公司预计实现营业总收入约 10.75亿元，同比增长51.20%，剔除外币汇率波动对收入的影响1.74%后，同比增长约49.46%。营业收入 变动的主要原因如下：报告期内，公司原有核心业务板块预计实现ARR（年度经常性收入）约5.86亿 元，较上年期末增长约42%；预计实现年度订阅收入占原有核心业务板块收入的比例约61%，较上年同 期的订阅收入占比提升约12个百分点。公司来自渠道的收入占原有核心业务板块收入的比例约45%，较 上年同期的渠道收入占比提升约4个百分点。除此之外，报告期内，公司因新增的数智政务业务收入为 本年度的营业收入带来了增量。 ...

福建福昕软件开发股份有限公司 2025 年度业绩快报公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本公告所载 2025 年度主要财务数据为初步核算数据，未经会计师事务所审 计，具体数据以公司 2025 年年度的定期报告为准，提请投资者注意投资风险。 一、2025 年度主要财务数据和指标 单位：万元 证券代码：688095 证券简称：福昕软件 公告编号：2026-006 | 项目 | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | | 营业总收入 | 107,526.26 | 71,113.54 | 51.20% | | 营业利润 | 6,612.92 | -4,042.55 | 263.58% | | 利润总额 | 6,572.88 | -567.51 | 1258.20% | | 归属于母公司所有者的净利润 | 2,752.10 | 2,695.83 | 2.09% | | 归属于母公司所有者的扣除非经常性 损益的净利润 | -868.09 | - ...

福昕软件公告，2025年度营业总收入10.75亿元，同比增长51.20%；归属于母公司所有者的净利润 2752.1万元，同比增长2.09%。报告期内，公司原有核心业务板块预计实现ARR（年度经常性收入）约 5.86亿元，较上年期末增长约42%；预计实现年度订阅收入占原有核心业务板块收入的比例约61%，较 上年同期的订阅收入占比提升约12个百分点。公司来自渠道的收入占原有核心业务板块收入的比例约 45%，较上年同期的渠道收入占比提升约4个百分点。 ...

Core Insights - The report highlights the performance of various sectors and companies, indicating potential investment opportunities in the market. [2][5] Economic News - The People's Bank of China conducted a 7-day reverse repurchase operation of 320.5 billion yuan at an interest rate of 1.4%, resulting in a net withdrawal of 79.5 billion yuan from the market. [3] - The overnight SHIBOR rate reported at 1.3680%, down by 1 basis point, while the 7-day SHIBOR rate decreased by 4 basis points to 1.4570%. [3] - The Supreme People's Court reported over 27,000 cases related to cross-border fraud, with significant sentences handed down to key criminal groups. [3] - The Ministry of Industry and Information Technology discussed the feasibility of new frequency bands for IMT and future 6G technology at a recent international meeting. [3] - Heilongjiang Province's government report emphasized the reform of state-owned enterprises and support for private sector development. [3] - The establishment of a national quality inspection center for rare earth permanent magnet motors in Liaoning Province aims to enhance quality assurance in high-end manufacturing. [4] Company News - Wens Foodstuff Group announced a share buyback plan of 800 million to 1.2 billion yuan at a maximum price of 24.00 yuan per share. [5] - Jiangxi Tungsten Holdings is planning to issue A-shares to specific investors to enhance its core competitiveness and fund acquisitions totaling up to 1.882 billion yuan. [5] - Huylon New Materials is undergoing a significant change that may affect its control, leading to a temporary suspension of its stock. [5] - Fangzheng Valve reported a revenue of 733 million yuan for 2025, a decrease of 2.98%, with net profit down by 6.34%. [5] - Nanya New Materials achieved a revenue of 5.228 billion yuan, a year-on-year increase of 55.52%, with net profit rising by 378.65% due to market demand recovery. [5] Transportation Industry Insights - In January 2026, domestic airline capacity decreased by approximately 4.3% year-on-year, but increased by 5.8% compared to December 2025, as airlines prepared for the Spring Festival. [7] - The overall passenger load factor for airlines improved by about 1.6 percentage points year-on-year, although it decreased by 0.4 percentage points compared to December. [7] - During the Spring Festival holiday, national civil aviation transported 22.05 million passengers, with a flight completion rate of 95.8%, indicating growth compared to the previous year. [8] - International flight capacity increased by 2.6% year-on-year in January, with a slight improvement in load factors, although some airlines faced challenges due to changes in the Japanese route. [9] - Baiyun Airport reported a significant increase in passenger throughput, while Shanghai Airport experienced a decline, attributed to shifts in travel demand. [10] - The report suggests focusing on large airlines for their earnings elasticity, as the industry moves towards a more balanced supply-demand dynamic. [11]

Core Insights - The report highlights the strategic initiatives of the company to expand its product lines in the refractory materials sector and emerging technologies, particularly through a planned capital increase of up to 1.034 billion RMB for new projects and overseas expansion [6][11]. Company Developments - Changxin Bochuang signed a letter of intent to acquire 93.81% of Shanghai Honghui Light Communication Technology Co., Ltd. for approximately 375 million RMB, aiming to enhance its product line in the optical communication field [5]. - Tongwei Co., Ltd. is planning to acquire 100% of Qinghai Lihua Qingneng Co., Ltd. through a combination of share issuance and cash payment, with the transaction expected to not alter the control of the company [5]. - Yutong Optical received acceptance from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending further approvals [5]. - Maoyan Entertainment forecasts a revenue of up to 4.7 billion RMB for the fiscal year 2025, representing a growth of approximately 15.1% compared to 2024 [5]. - Conch Cement's major shareholder plans to increase its stake in the company by investing between 700 million and 1.4 billion RMB within six months [5]. Industry Insights - The report emphasizes the resilience of small and medium-sized enterprises (SMEs) in China's industrial economy, with a 6.9% year-on-year increase in value added for SMEs in 2025, outperforming the overall industrial growth rate by 1.0 percentage points [2]. - The construction of a new production line for zirconia and zircon-based materials is expected to yield a post-tax internal rate of return of 29.35% and a payback period of 4.89 years, indicating strong potential for profitability [7][8]. - The establishment of a production base in Vietnam is part of the company's strategy to enhance its overseas operations, targeting the growing demand in Southeast Asia, particularly in Vietnam [9].