Group 1 - The top 20 stocks with significant capital inflow as of February 6 include Wuzhou Xinchun (1.12 billion), Tianji Co. (1 billion), and Data Port (973 million) [1] - Wuzhou Xinchun saw a price increase of 10.01%, while Tianji Co. and Data Port both increased by 9.99% and 10% respectively [2] - Other notable stocks include Hunan Gold (10% increase, 793 million), and Shennan Circuit (10% increase, 701 million) [2][3] Group 2 - The electronics sector is represented by companies like Shennan Circuit, Shanshan Co., and Shenghong Technology, with inflows of 701 million, 689 million, and 633 million respectively [2][3] - The battery industry includes significant players such as Ningde Times (2.54% increase, 625 million) and Enjie Co. (10% increase, 496 million) [2][3] - Chemical products sector features companies like Yongtai Technology (10.02% increase, 477 million) and Duofluor (7.7% increase, 451 million) [3]

深南电路涨停，中富电路涨超10%，胜宏科技、鹏鼎控股、富佳股份、生益电子、方正科技等跟涨。 (本文来自第一财经) 深南电路涨停，中富电路涨超10%，胜宏科技、鹏鼎控股、富佳股份、生益电子、方正科技等跟涨。 (本文来自第一财经) ...

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index up by 0.11%, the Shenzhen Component Index up by 0.65%, and the ChiNext Index also up by 0.65% as of midday [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.38 trillion yuan, a decrease of 63.3 billion yuan compared to the previous trading day, with over 3,800 stocks rising [2] Sector Performance - Active sectors included lithium batteries, energy metals, humanoid robots, and fintech, while traditional sectors like liquor, retail, and AI application stocks weakened [1] - The Chinese medicine and chemical sectors showed notable gains, with the Chinese medicine sector rising by 2.52% [2][7] - The small metals sector rebounded, with stocks like Xianglu Tungsten and Zhangyuan Tungsten hitting the daily limit [7] Notable Stocks - Mingdiao Co. experienced significant trading activity, achieving a "limit-up" with nearly 700 million yuan in transactions and marking its fifth consecutive trading day of gains [3] - Jiangfeng Electronics saw a slight increase of 0.09% after announcing plans to acquire control of Kaide Quartz [9] Economic Indicators - The industrial development plan for traditional Chinese medicine aims for a collaborative development system by 2030, which may positively impact the sector [7]

Group 1 - The Digital Economy ETF (工银561220) opened at 1.480 yuan, experiencing a decline of 0.47% [1] - Major holdings in the ETF include companies like SMIC, which fell by 1.48%, and Haiguang Information, which dropped by 1.00% [1] - The ETF's performance benchmark is the China Securities Index for State-Owned Enterprises in the Digital Economy, managed by ICBC Credit Suisse Asset Management [1] Group 2 - Since its inception on May 21, 2025, the ETF has achieved a return of 48.72%, with a monthly return of 0.79% [1]

Core Viewpoint - The company expects a significant increase in annual performance for 2025, with net profit attributable to shareholders projected to be between 3.15 billion to 3.34 billion, representing a year-on-year growth of 68.0% to 78.0% [1] Group 1: Financial Performance - For Q4, the company anticipates a net profit of 920 million, reflecting a year-on-year increase of 136.2% but a quarter-on-quarter decline of 4.5% [1] - The full-year performance is driven by the company's ability to capitalize on three major growth opportunities: AI computing power upgrades, increased storage market demand, and the electrification and intelligence of automobiles [1] - The company has enhanced its operational management capabilities through digital transformation and smart manufacturing upgrades, contributing to revenue and profit growth [1] Group 2: Business Trends - The demand for overseas AI computing power is robust, and the new production capacity is expected to quickly reach breakeven, contributing to flexible profits [2] - Domestic computing power is projected to experience significant growth in 2026, with the company positioned as a key player in the domestic PCB supply chain [2] - The high demand for substrate boards is leading to continuous price increases, with full capacity utilization and significant profit improvements [2] - The company is well-positioned in the future AI PCB technology upgrade path, with strong technical capabilities and production experience [2] Group 3: Future Outlook - The company is expanding its AI computing capacity, with new production facilities in Nantong, Thailand, and Wuxi expected to gradually come online between 2026 and 2027, opening up long-term growth potential [3]

Group 1 - The company, Shenzhen Sannuo Circuit (002916.SZ), has indicated in investor relations that it is planning to utilize a new land plot in Wuxi for PCB business-related products [1] - The land is designated for the storage of products related to the computing power of PCB business, with investments expected to be phased [1] - Specific investment amounts will be determined based on business development and market conditions [1]

Group 1 - The company aims to capitalize on three growth opportunities by 2025: AI computing power upgrades, increasing demand in the storage market, and the electrification and intelligence of automobiles [1] - The company plans to enhance market development efforts and improve market competitiveness to optimize product structure [1] - The company is committed to advancing digital transformation and smart manufacturing upgrades to enhance operational management capabilities, which will contribute to revenue and profit growth [1] Group 2 - The company expects to achieve a net profit attributable to shareholders of 3.15 billion to 3.34 billion yuan by 2025, representing a year-on-year growth of 68% to 78% [1]

证券代码：002916 证券简称：深南电路 深南电路股份有限公司投资者关系活动记录表 编号：2026-02 投资者关系 活动类别 √特定对象调研 □分析师会议 □现场参观 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □其他 （ ） 活动参与人 员（排名不 分先后） 国金证券、中国人寿资管 上市公司 接待人员 战略发展部总监、证券事务代表：谢丹；证券事务主管：阳佩琴 时间 2026 年 2 月 4 日 地点 公司会议室 形式 实地调研 投资者关系 活动主要内 容介绍 交流主要内容： Q1、请介绍公司 2025 年业绩预增情况。 2025 年，公司把握 AI 算力升级、存储市场需求增长、汽车电动智能化三大增长机 遇，通过强化市场开发力度、提升市场竞争力，推动产品结构优化。同时，深入推进数字 化转型与智能制造升级，提升运营管理能力，助益公司营收规模和利润实现同比增长。 2025 年，公司预计实现归母净利润 31.5 亿元~33.4 亿元，预计同比增长 68%~78%；预 计实现扣非净利润 29.9 亿元~31.7 亿元，预计同比增长 72%~82%。（2025 年度业绩预告数 据仅为公司财务部初步核算的结果 ...

招商证券研报指出，深南电路发布25年业绩预增：归母净利31.5-33.4亿同比+68.0%～78.0%，扣非归母 净利29.9-31.7亿同比+72.0%～82.0%。Q4环降源于新产能爬坡、费用增加，静待H1业绩环比高增。全 年来看，公司充分把握AI算力升级、存储市场需求增长、汽车电动智能化三大增长机遇，通过强化市 场开发力度、提升市场竞争力，推动产品结构优化。同时，深入推进数字化转型与智能制造升级，提升 运营管理能力，助益公司营收规模和利润实现同比增长。看好公司在算力板及载板领域的产品技术及在 海外算力客户的积极拓展、卡位国内算力供应链体系主力角色，且积极扩充AI算力产能，南通四期、 泰国基地以及无锡新产能规划有望在26-27年逐步投产释放，打开中长线成长空间，维持"强烈推荐"投 资评级。 ...

事件：公司公告 25 年业绩预增：归母净利 31.5-33.4 亿同比+68.0%～78.0%， 扣非归母净利 29.9-31.7 亿同比+72.0%～82.0%。结合行业和公司近况，我们 点评如下： ❑ 风险提示：同行竞争加剧、算力客户开拓及订单导入不及预期，产能扩张不 及预期。 财务数据与估值 证券研究报告 | 公司点评报告 2026 年 02 月 04 日 深南电路（002916.SZ） Q4 环降源于新产能爬坡、费用增加，静待 H1 业绩环比高增 TMT 及中小盘/电子 | 会计年度 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 13526 | 17907 | 23817 | 32153 | 43406 | | 同比增长 | -3% | 32% | 33% | 35% | 35% | | 营业利润(百万元) | 1398 | 2028 | 3530 | 6114 | 8921 | | 同比增长 | -19% | 45% | 74% | 73% | 46% | | ...