Group 1 - RuiLian New Materials reported a total operating revenue of 1.677 billion yuan for 2025, an increase of 14.95% year-on-year, with a net profit of 311 million yuan, up 23.48% year-on-year [1] - China Shenhua's subsidiary, Guoneng Qingyuan Power, successfully put its fourth generator unit into commercial operation, expected to provide approximately 20 billion kWh of clean energy annually [2] - Qijiang Airlines announced a 6.04% year-on-year decline in passenger turnover for January 2026, with a passenger load factor of 84.03%, up 1.61% year-on-year [3] Group 2 - QiZheng Tibetan Medicine reported a total operating revenue of 2.416 billion yuan for 2025, a year-on-year increase of 3.34%, with a net profit of 646 million yuan, up 10.98% year-on-year [5] - QiaoYin Co. announced the termination of its artificial intelligence industry headquarters project due to changes in investment cooperation conditions [6] - New Point Software plans to use 90.81 million yuan of surplus raised funds for new projects, including AI-driven software development [7] Group 3 - High Measurement Co. announced plans for major shareholders and executives to reduce their holdings by up to 3.19% of the company's shares [8] - SAIC Group's subsidiary plans to establish a private equity fund with an initial scale of 2.5 billion yuan, focusing on solid-state batteries and chip localization [9] - Tianqi Lithium announced the resignation of its deputy general manager due to personal career planning [10] Group 4 - ZhongKong Technology reported a total operating revenue of 8.051 billion yuan for 2025, a decrease of 11.90%, with a net profit of 450 million yuan, down 59.70% year-on-year [11] - Spring Airlines reported a 6.28% year-on-year increase in total passenger volume for January 2026, with a total available ton-kilometers of 57,008.37 [12] - Qifan Cable's controlling shareholder reduced its stake by 3% through various trading methods [13] Group 5 - China Chemical signed contracts worth a total of 36.925 billion yuan in January 2026, with significant contracts exceeding 5 billion yuan totaling 11.371 billion yuan [19] - SaiTuo Bio received a CEP certificate for its raw material drug Betamethasone, which is used to treat allergies and autoimmune inflammation [20] - Giant Star Agriculture reported a sales revenue of 649 million yuan from commodity fat pigs in January 2026, with a sales volume of 404,400 pigs [23] Group 6 - Qinglong Pipe Industry's subsidiary won a 146 million yuan pipeline project [24] - Changshan Pharmaceutical announced that some of its products are expected to be selected for national centralized procurement [26] - Yangdian Technology completed the transfer of 12.96% of its shares through an agreement [27] Group 7 - Deepin Technology's investment fund introduced new limited partners and adjusted the capital contributions of some partners [28] - Qingyun Technology plans to pledge 25% of its shares for a loan application of up to 30 million yuan [29] - LaiMei Pharmaceutical reported a 57.20% year-on-year decline in net profit for 2025 [30] Group 8 - YouLiDe reported a 16.88% year-on-year decline in net profit for 2025, with total operating revenue of 1.221 billion yuan, up 7.99% [31] - Warner Pharmaceutical reported a net profit of 241 million yuan for 2025, an increase of 46.95% year-on-year [32] - LianRui New Materials reported a net profit of 293 million yuan for 2025, an increase of 16.42% year-on-year [33] Group 9 - HuaQin Technology expects a 24.28% year-on-year decrease in net profit for 2025, with projected revenue of 1.251 billion yuan, up 9.83% [34] - QiPai Technology's shareholder subscribed for 6.3 million shares, accounting for 5.49% of the total share capital [35] - Qilin Security's shareholders completed their planned share reductions without exceeding the original plan [36] Group 10 - Dameng Data announced the lifting of the detention of its senior vice president, allowing him to resume his duties [37] - Haiyou Engineering won a contract for the "NFPS COMP5" project worth approximately 4 billion USD, with the company's share exceeding 800 million USD [38] - Yatai Group plans to sell 20.81% of its shares in Northeast Securities, pending confirmation of financial statements [39]

格隆汇2月13日丨炬光科技(688167.SH)公布，股东西安中科因自身资金需求，拟自本减持计划披露之日 起15个交易日后的3个月内，通过集中竞价交易方式减持不超过300,000股股份，即不超过公司总股本的 0.3339%。 股东西高投、陕西集成电路因自身资金需求，拟自本减持计划披露之日起15个交易日后的3个月内，合 计通过集中竞价交易方式减持不超过898,594股股份，即不超过公司总股本的1%。 股东王东辉因自身资金需求，拟自本减持计划披露之日起15个交易日后的3个月内，通过集中竞价交易 方式减持不超过898,595股股份，即不超过公司总股本的1%。 ...

中信建投证券股份有限公司 关于西安炬光科技股份有限公司终止部分募投项目 并将节余募集资金用于新项目的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为西安炬光科技股份有限公司（以下简称"炬光科技"或"公司"）首次公开发 行股票并在科创板上市的保荐人，根据《证券发行上市保荐业务管理办法》《上 市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》《上海证券 交易所科创板上市公司自律监管指引第1号——规范运作》等有关规定，对公司 终止部分募投项目并将节余募集资金用于新项目的事项进行了核查，并发表核查 意见如下： 一、变更募集资金投资项目的概述 （一）募集资金总体情况 中国证券监督管理委员会于2021年11月23日发布《关于同意西安炬光科技股 份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕3640号），同意 公司向社会首次公开发行人民币普通股（A股）22,490,000股，发行价格为78.69 元/股，募集资金总额为176,973.81万元，扣除承销费用人民币（不含增值税） 10,852.17万元后，剩余募集资金人民币166,121.64万元。另减其他发行费用（不 ...

证券代码：688167 证券简称：炬光科技 公告编号：2026-015 西安炬光科技股份有限公司 关于召开2026年第一次临时股东会的通知 本公司董事会及全体董事保证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。 网络投票起止时间：自2026 年 3 月 2 日 至2026 年 3 月 2 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东会召开当日的 9:15-15:00。 重要内容提示： 一、 召开会议的基本情况 （一）股东会类型和届次 2026年第一次临时股东会 召开日期时间：2026 年 3 月 2 日 15 点 00 分 召开地点：陕西省西安市高新区丈八六路 56 号西安炬光科技股份有限公司 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 股东会召开日期：2026年3月2日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二）股 ...

西安炬光科技股份有限公司 2026 年第一次临时股东会会议资料 证券代码：688167 证券简称：炬光科技 西安炬光科技股份有限公司 Focuslight Technologies Inc. 2026 年第一次临时股东会 会议资料 2026 年 3 月 西安炬光科技股份有限公司 2026 年第一次临时股东会会议资料 目 录 | 2026 | 年第一次临时股东会会议须知 | 1 | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 | 3 | | 2026 | 年第一次临时股东会会议议案 | 5 | | | 议案一：《关于终止部分募投项目并将节余募集资金用于新项目的议案》. | 5 | 西安炬光科技股份有限公司 2026 年第一次临时股东会会议资料 西安炬光科技股份有限公司 2026 年第一次临时股东会会议须知 为维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证股东 会的顺利进行，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》以及 《西安炬光科技股份有限公司章程》（以下简称"《公 ...

股东西高投、陕西集成电路因自身资金需求，拟自本减持计划披露之日起15个交易日后的3个月内，合 计通过集中竞价交易方式减持不超过898,594股股份，即不超过公司总股本的1%。 股东王东辉因自身资金需求，拟自本减持计划披露之日起15个交易日后的3个月内，通过集中竞价交易 方式减持不超过898,595股股份，即不超过公司总股本的1%。 格隆汇2月13日丨炬光科技(688167.SH)公布，股东西安中科因自身资金需求，拟自本减持计划披露之日 起15个交易日后的3个月内，通过集中竞价交易方式减持不超过300,000股股份，即不超过公司总股本的 0.3339%。 ...

证券代码：688167 证券简称：炬光科技 公告编号：2026-013 西安炬光科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持有的基本情况 公司于 2026 年 2 月 13 日收到上述股东出具的《股份减持计划告知函》，现 将减持计划具体情况公告如下： 截至本公告披露日，西安中科光机投资控股有限公司（以下简称"西安中科"） 持有西安炬光科技股份有限公司（以下简称"公司"）股份 3,137,637 股，占公司 总股本的 3.4917%；西安高新技术产业风险投资有限责任公司（以下简称"西高 投"）持有公司股份 736,583 股，占公司总股本的 0.8197%；陕西省集成电路产业 投资基金（有限合伙）（以下简称"陕西集成电路"）持有公司股份 3,756,193 股， 占公司总股本的 4.1801%，西高投与陕西集成电路为一致行动人。上述股份均为 在公司首次公开发行前取得的股份，已于 2022 年 12 月 26 日（因 2022 年 12 月 24 日 ...

证券代码：688167 证券简称：炬光科技 公告编号：2026-014 西安炬光科技股份有限公司 关于终止部分募投项目并将节余募集资金用于新项 目的公告 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、准确性和完整性承担法律责任。 重要内容提示： 原项目名称：研发中心建设项目。 募集资金投资项目基本情况表 | 发行名称 | 年首次公开发行股份 2021 | | | | | | --- | --- | --- | --- | --- | --- | | 募集资金总额 | 176,973.81 | | | | | | 募集资金净额 | 163,264.76 | | | | | | 募集资金到账时间 | 2021 21 | 年 | 12 | 月 | 日 | | 涉及变更投向的总金额 | 13,342.01 | | | | | | 涉及变更投向的总金额占比 | 8.17% | | | | | | 改变募集资金用途类型 | ☑改变募集资金投向 | | | | | | | □改变募集资金金额 | | | | | | | ☑取消或者终止募集资金投资项目 | | | | ...

其他电子零组件Ⅲ 炬光科技（688167.SH） 增持-A(维持) 微纳光学制造龙头，光通信布局有望迎来收获 2026 年 2 月 12 日 公司研究/公司快报 公司近一年市场表现 投资要点： | 市场数据：2026 年 | 2 月 | 12 日 | | | --- | --- | --- | --- | | 收盘价（元/股）： | | | 369.65 | | 总股本（亿股）： | | | 0.90 | | 流通股本（亿股）： | | | 0.90 | | 流通市值（亿元）： | | | 332.17 | | 年 基础数据：2025 9 | 月 | 日 30 | | | | --- | --- | --- | --- | --- | | 每股净资产（元/股）： | | | 24.46 | | | 每股资本公积（元/股）： | | | | 25.53 | | 每股未分配利润（元/股）： | | | -0.46 | | 张天 执业登记编码：S0760523120001 邮箱：zhangtian@sxzq.com 公司发布 2025 年业绩预告。公司预计 2025 年度归母净利润-0.42 亿至 -0.32 亿元 ...

Investment Rating - The report maintains a "Recommended" rating for Pengding Holdings (002938) with a target PE of 30x for 2025E and 24x for 2026E, while other companies like Shenghong Technology (300476) and Shengyi Technology (600183) do not have a specific rating [3]. Core Insights - North American cloud vendors are experiencing a significant increase in capital expenditures, driven by AI demand, with total capital expenditures projected to rise from approximately $160 billion to about $450 billion from 2023 to 2025, indicating a strong alignment between capital expenditure growth and AI computing demand [9][25]. - The NPO (Near-Photonics Optics) and CPO (Co-Packaged Optics) technologies are gaining traction in the industry, providing substantial growth opportunities for domestic optical communication companies [31][46]. - The report emphasizes the importance of scalable optical modules in future cloud infrastructure, with NPO currently favored by domestic cloud vendors due to its advantages in interconnect density and cost [34][36]. Summary by Sections North American Cloud Vendors' Financial Performance - Microsoft reported Q4 FY26 revenue of $81.273 billion, a year-over-year increase of 16.72%, with a net profit of $38.458 billion, up 59.52% [12]. - Google achieved Q4 FY25 revenue of $113.828 billion, a 17.99% increase year-over-year, with a net profit of $34.455 billion, up 29.84% [16]. - Amazon's Q4 FY25 revenue reached $213.386 billion, a 13.62% increase year-over-year, with a net profit of $2.1192 billion, up 5.93% [20]. - Meta's Q4 FY25 revenue was $59.893 billion, a 23.78% increase year-over-year, with a net profit of $22.768 billion, up 9.26% [21]. Capital Expenditure Outlook for 2026 - Google is expected to have a capital expenditure of $175-185 billion in 2026, representing a year-over-year increase of 97% [25]. - Meta's capital expenditure is projected to be in the range of $115-135 billion for 2026, indicating a 77% increase year-over-year [27]. - Amazon's capital expenditure for 2026 is estimated at around $200 billion, a 50% increase from previous estimates [20]. NPO and CPO Technology Developments - NPO technology is gaining popularity among cloud vendors due to its high interconnect density and cost-effectiveness, making it suitable for distributed scale-up networks [34][36]. - CPO technology, which integrates optical engines and switching chips, is being actively promoted by NVIDIA and is expected to replace traditional pluggable optical modules in the future [37][42]. - The report highlights the significant development space for domestic optical communication companies driven by the advancements in NPO and CPO technologies [31][46].