Core Viewpoint - The company, Longhua Technology, has announced that its PMI foam can be utilized as a core structure for thermal protection composite materials in aerospace applications, providing a reliable solution for thermal insulation during high-speed impacts [1] Group 1: Product Advantages - PMI foam offers inherent advantages such as lightweight, high rigidity, high thermal conductivity, and low expansion rate, making it suitable for use in the thermal insulation core layer of fairings [1] - The use of PMI foam contributes to significant weight reduction of the fairing and ensures stable engine operation [1] Group 2: Performance Enhancement - The material also enhances thermal insulation and noise reduction during severe landing impact processes, thereby improving the overall reliability of the system [1]

Group 1 - The core viewpoint of the article is that 隆华科技 (Longhua Technology) is collaborating with several mainstream photovoltaic companies to develop and research perovskite solar cells, achieving certain results [1]. Group 2 - The company has received inquiries regarding the specific requirements for perovskite space battery target materials, which need to meet high purity (99.999%), high density (≥95%), and low resistance [3]. - There is mention of foreign companies developing long strip target materials suitable for roll-to-roll processes, with lengths reaching up to 3 meters [3]. - The company is questioned about its collaborations with relevant enterprises if perovskite space batteries prove to be superior to gallium arsenide triple-junction batteries [3].

Group 1 - The core viewpoint of the news is that the rare earth permanent magnet concept stocks in the A-share market experienced a significant increase, with several stocks hitting the daily limit up [1] - Notable performers include Antai Technology, Jiaozuo Wanfang, and Zhong Rare Earth, all of which reached a 10% increase [1] - Other stocks such as Longhua Technology, Yujing Co., Zhongkuang Resources, Northern Rare Earth, and China Rare Earth also saw substantial gains, with increases ranging from 3% to over 7% [1] Group 2 - The table lists specific stocks along with their performance metrics, showing that Antai Technology (code 000969) has a market capitalization of 29.1 billion and a year-to-date increase of 31.89% [2] - Jiaozuo Wanfang (code 000612) also reached a 10% increase, with a market cap of 15.9 billion and a year-to-date increase of 20.78% [2] - Zhong Rare Earth (code 600111) has a market cap of 184.8 billion and a year-to-date increase of 10.86%, reflecting a positive trend in the sector [2]

Core Viewpoint - Longhua Technology has experienced a significant stock price increase, reflecting positive market sentiment and potential investment opportunities in the company [1][2]. Group 1: Company Overview - Longhua Technology Group (Luoyang) Co., Ltd. is located in Luoyang, Henan Province, and was established on July 5, 1995, with its listing date on September 16, 2011 [1]. - The company's main business areas include electronic new materials, polymer composite materials, and energy-saving environmental protection [1]. - The revenue composition of Longhua Technology is as follows: energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), environmental water treatment products (13.49%), foam products and structural components (9.44%), extractants (8.76%), rail transit products (3.05%), sewage treatment (1.04%), other (0.89%), and environmental water treatment engineering contracting (0.55%) [1]. Group 2: Fund Holdings - One fund under Huatai PineBridge has a significant position in Longhua Technology, specifically the Huatai PineBridge CSI Environmental Governance Index (LOF) A (501030), which increased its holdings by 26,800 shares in the third quarter, totaling 897,800 shares, representing 2.8% of the fund's net value [2]. - The fund has realized a floating profit of approximately 439,900 yuan today, with a floating profit of 287,300 yuan during the four-day stock price increase [2]. - The Huatai PineBridge CSI Environmental Governance Index (LOF) A was established on December 29, 2016, with a current scale of 182 million yuan, and has recorded a year-to-date return of 2.57% [2].

Core Viewpoint - Longhua Technology (隆华科技) is leveraging PMI foam in aerospace applications, specifically for the thermal insulation core structure of fairings, providing a reliable solution for thermal protection during high-speed impacts [1] Group 1: Product Advantages - PMI foam offers inherent advantages such as lightweight, high rigidity, high thermal conductivity, and low expansion rate, which contribute to significant weight reduction of fairings and stable engine operation [1] - The use of PMI foam in the insulation core layer of fairings enhances thermal insulation and noise reduction during severe landing impacts, thereby improving system reliability [1]

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical industry, indicating a positive outlook for the sector [7]. Core Insights - The mechanical equipment sector has shown strong performance, with the Shanghai Stock Exchange's mechanical equipment index rising by 4.50% from December 21 to December 26, 2025, outperforming the CSI 300 index by 2.55 percentage points [12]. - The low-altitude economy is gaining traction, with the National Development and Reform Commission officially categorizing it as a comprehensive economic form that drives innovation and application in related industries [3]. - The export of engineering machinery from China has seen significant growth, with a total export value of $52.3 billion in November 2025, marking a year-on-year increase of 16.6% [4]. Summary by Sections Weekly Market Review - From December 21 to December 26, 2025, the Shanghai Composite Index increased by 1.88%, the Shenzhen Component Index by 3.53%, and the ChiNext Index by 3.90%. The mechanical equipment sector outperformed the broader market, ranking 6th among 31 sectors [12]. - Sub-sectors such as general equipment, specialized equipment, and automation equipment saw increases of 5.11%, 5.30%, and 5.85%, respectively [12]. Key Sector Data Tracking - The low-altitude economy is being structured with a new statistical classification system, which will aid in policy formulation and regional development [3]. - The engineering machinery sector's export and import data for November 2025 shows a total trade value of $54 billion, with exports growing by 16.6% year-on-year [4]. - The report highlights the competitive advantages of domestic leading enterprises in the engineering machinery sector, supported by favorable supply and demand dynamics [4]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Huasheng Group [5]. - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli [5].

Core Viewpoint - Longhua Technology has seen a stock price increase of 5% on December 29, reaching 9.03 yuan per share, with a trading volume of 315 million yuan and a turnover rate of 3.64%, resulting in a total market capitalization of 9.346 billion yuan [1] Group 1: Company Overview - Longhua Technology Group (Luoyang) Co., Ltd. is located in Luoyang, Henan Province, and was established on July 5, 1995, with its listing date on September 16, 2011 [1] - The company's main business includes electronic new materials, polymer composite materials, and energy-saving environmental protection [1] - The revenue composition of the main business is as follows: energy-saving heat exchange equipment 35.87%, target materials and ultra-high temperature special materials 26.91%, environmental water treatment products 13.49%, foam products and structural parts 9.44%, extractants 8.76%, rail transit products 3.05%, sewage treatment 1.04%, others 0.89%, and environmental water treatment engineering contracting 0.55% [1] Group 2: Fund Holdings - According to data, one fund under GF Fund holds a significant position in Longhua Technology, specifically the GF Quantitative Multi-Factor Mixed A (005225), which held 3.3658 million shares, accounting for 0.76% of the fund's net value, ranking as the fifth-largest holding [2] - During the three-day stock price increase, the fund has realized a floating profit of approximately 1.4473 million yuan, with a floating profit of 1.178 million yuan during the same period [2] - The GF Quantitative Multi-Factor Mixed A fund was established on March 21, 2018, with a current scale of 3.618 billion yuan, and has achieved a year-to-date return of 52.59%, ranking 1101 out of 8159 in its category [2]

证券代码：300263 证券简称：隆华科技 公告编号：2025－070 隆华科技集团（洛阳）股份有限公司 1、股东减持股份情况 一、股东减持情况 | 股东 | 减持 | 减持股 | | 减持期间 | | 减持价格区间 | 减持均价 | 减持股数 | 减持比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 方式 | 份来源 | | | | （元/股） | （元/股） | （万股） | 例 | | 通用 | 集中 | 协议 | 2025 | 年 12 | 月 | 17 日 8.16-8.60 | 8.26 | 1,000 | 0.97% | | 集团 | 竞价 | 转让 | 2025 | 年 12 月 | | 26 日 | | | | 注：上表减持比例为占公司总股本比例，占剔除已回购股份后总股本比例为 0.98%。 2、股东本次减持前后持股情况 | 股东名称 | 股份性质 | | 本次变动前持有股份 | | 本次变动后持有股份 | | --- | --- | --- | --- | --- | --- | | | | 股 ...

关于关联交易及控股子公司股权划转的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：300263 证券简称：隆华科技 公告编号：2025－071 隆华科技集团（洛阳）股份有限公司 一、关联交易进展情况 隆华科技集团（洛阳）股份有限公司（以下简称"隆华科技"或"公司"）于 2025 年 10 月 27 日召开第六届董事会第八次会议，会议审议通过了《关于收购控股子公司 剩余股权暨关联交易的议案》，同意公司以自有资金 9,082.22 万元收购李明卫先生、 戴云帆先生、李江文先生、张源远先生合计持有的湖南兆恒材料科技有限公司（以下 简称"兆恒科技"）16.44%股权，交易完成后公司将持有兆恒科技 100%股权。具体内 容详见公司于 2025 年 10 月 28 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于 收购控股子公司剩余股权暨关联交易的公告》（公告编号：2025-067）。 目前，兆恒科技已完成工商变更登记手续，并领取了营业执照。相关信息如下： 公司名称：湖南兆恒材料科技有限公司 成立日期：2011 年 8 月 5 日 住所 ...

Group 1 - The core viewpoint of the news is that Longhua Technology has shown a positive stock performance with a year-to-date increase of 19.57% and a recent trading increase of 5.22% over the last five days [1] - As of December 26, Longhua Technology's stock price is 8.67 yuan per share, with a market capitalization of 8.974 billion yuan and a trading volume of 2.21 billion yuan [1] - The company has a diverse revenue structure, with the main business segments being energy-saving heat exchange equipment (35.87%), target materials and ultra-high temperature special materials (26.91%), and environmental water treatment products (13.49%) [1] Group 2 - Longhua Technology operates in the mechanical equipment sector, specifically in general equipment and other general equipment categories, with concepts including perovskite batteries, carbon neutrality, wastewater treatment, battery recycling, and energy conservation and environmental protection [2] - For the period from January to September 2025, Longhua Technology achieved operating revenue of 2.326 billion yuan, representing a year-on-year growth of 20.49%, and a net profit attributable to shareholders of 180 million yuan, up 16.64% year-on-year [2] - The company has distributed a total of 315 million yuan in dividends since its A-share listing, with 98.085 million yuan distributed over the past three years [3]