人民财讯1月27日电，据麒麟信安消息，1月26日，麒麟信安与景嘉微（300474）达成战略合作。双方将 充分发挥各自在基础硬件与基础软件领域的核心技术优势，围绕景嘉微11系列GPU与麒麟信安操作系 统、虚拟化产品开展全方位、多层次的战略合作，共同推进国产化高性能图形显示与算力平台的建设。 ...

如果说规模实力决定企业的当下地位，那么发展能力就决定了它的未来高度。 在资本市场，增长可以靠并购短期拉高，营收可以靠补贴暂时支撑，但真正的增长能力，是企业对未来 趋势的预判力、对技术变革的适应力、对市场扩张的执行力和对竞争格局的塑造力。 一场技术革命，最先受益的是拥有前沿布局的企业；一次产业升级，最终胜出的是具备持续创新基因的 公司。当经济从"高速增长"转向"高质量发展"，发展能力，就成为企业穿越周期、引领行业的核心动 能。 基于济安金信最新发布的上市公司竞争力评级数据，我们整理出"A股发展能力"维度排名前100的公司 名单。这些企业不仅当前表现优异，更在研发投入、市场拓展、技术储备、战略前瞻性等方面展现出强 大的成长潜力。 本期榜单，带你看清谁是真正的"未来引擎"。 济安金信的"发展能力"评估，并非仅看营收增长率，而是重点考察： - 研发投入占比：是否持续加码核心技术 - 新产品/新市场贡献率：增长是否来自创新驱动 - 专利数量与质量：技术护城河有多深 - 战略前瞻性：是否提前布局未来赛道 得分越高，意味着企业在所属赛道中，增长动能越强，未来想象空间越大，长期价值释放潜力越足。 从数据来看，这份榜单高度集中 ...

Market Overview - The military electronics sector experienced a decline of 0.68% on January 21, with Tianjian Technology leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Stock Performance - Notable gainers in the military electronics sector included: - Jingjia Micro (300474) with a closing price of 78.03, up 4.79%, and a trading volume of 264,300 shares, totaling 2.054 billion yuan [1] - New Light Optoelectronics (688011) closed at 68.63, up 4.65%, with a trading volume of 22,200 shares, totaling 150 million yuan [1] - Hongda Electronics (300726) closed at 52.33, up 4.41%, with a trading volume of 146,400 shares, totaling 761 million yuan [1] Capital Flow - The military electronics sector saw a net outflow of 3.125 billion yuan from institutional investors, while retail investors contributed a net inflow of 2.907 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Capital Flow - Key stocks with significant capital flow included: - Qiyi (603712) with a net inflow of 1.29 billion yuan from institutional investors, but a net outflow from retail investors [3] - Jingjia Micro (300474) had a net inflow of 74.5632 million yuan from institutional investors, while retail investors showed a net outflow [3] - Aerospace South Lake (688552) recorded a net inflow of 65.0762 million yuan from institutional investors, indicating strong institutional interest [3]

Group 1 - The core point of the news is that the AI-driven storage chip market is experiencing a supply shortage due to production cuts by major players like Samsung and SK Hynix, which is expected to continue into the future driven by increasing demand from AI infrastructure [2] - Samsung's NAND wafer production is set to decrease from 4.9 million pieces last year to 4.68 million pieces this year, which is below the reduction level implemented in 2024 due to declining profitability [2] - SK Hynix's NAND production is also expected to drop from approximately 1.9 million pieces last year to 1.7 million pieces this year, indicating a broader trend of reduced supply in the market [2] Group 2 - Micron Technology executives have noted that the shortage of memory chips has worsened over the past quarter, reiterating that the high demand for advanced semiconductors required for AI infrastructure will sustain this shortage beyond this year [2] - Open Source Securities has indicated that the ongoing demand for AI is boosting the storage industry's prosperity, benefiting upstream sectors like fabrication and testing, with a clear trend of price increases expected [2] - The first AI-focused ETF, Yongying (159141), launched on December 3, 2025, aims to cover core AI industry chain targets, with over 78% of its allocation in AI chips, optical modules, and cloud computing [2][3]

（文章来源：每日经济新闻） 每经AI快讯，芯片概念走强，龙芯中科"20cm"涨停，海光信息涨逾13%创新高，通富微电、景嘉微涨逾 5%。 ...

Core Viewpoint - The company is actively collaborating with multiple partners to strengthen its product ecosystem and promote the development of the domestic software and hardware industry [2] Group 1: Collaboration and Ecosystem Development - The company has partnered with OpenHarmony, openKylin, OurBMC community, and Changsha High-Performance Computing Research Center to build a robust product ecosystem [2] - The aim is to attract more partners and drive the overall development of the industry chain [2] Group 2: Research and Development Focus - The company's R&D team is committed to continuous chip iteration and optimization, as well as ecosystem construction [2] - The focus is on accelerating practical applications in cutting-edge scenarios such as embodied intelligence and edge computing [2] - The goal is to create a domestically produced computing foundation with secure and controllable performance [2]

Market Overview - The military electronics sector experienced a decline of 0.47% on January 16, with Shenglu Communication leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Top Gainers in Military Electronics - Gaode Infrared (002414) saw a significant increase of 7.67%, closing at 17.97 with a trading volume of 1.85 million shares and a transaction value of 3.33 billion [1] - Gaoling Information (688175) rose by 5.37%, closing at 32.57 with a trading volume of 42,500 shares and a transaction value of 136 million [1] - ST Lingchang (001270) increased by 5.00%, closing at 128.98 with a trading volume of 63,800 shares and a transaction value of 765 million [1] Top Losers in Military Electronics - Gankang Communication (002446) fell by 10.02%, closing at 13.20 with a trading volume of 2.49 million shares and a transaction value of 3.39 billion [2] - Haige Communication (002465) also dropped by 10.02%, closing at 21.56 with a trading volume of 126,300 shares [2] - Leike Defense (002413) decreased by 7.77%, closing at 13.54 with a trading volume of 3.35 million shares and a transaction value of 455.5 million [2] Capital Flow Analysis - The military electronics sector saw a net outflow of 3.638 billion from institutional investors, while retail investors contributed a net inflow of 2.419 billion [2] - The top stocks by net inflow from institutional investors included Gaode Infrared with 194 million and Zhenhua Technology with 93.17 million [3] - Notable outflows from retail investors were observed in Gaode Infrared with a net outflow of 113 million and Zhenhua Technology with a net outflow of 92.85 million [3]

Core Viewpoint - The stock price of Jingjia Micro has shown a mixed performance in recent trading sessions, with a notable increase of 6.44% year-to-date, while facing a decline of 2.94% over the past 20 days [2]. Group 1: Stock Performance - As of January 16, Jingjia Micro's stock rose by 2.00%, reaching a price of 76.50 CNY per share, with a trading volume of 717 million CNY and a turnover rate of 2.34% [1]. - The stock has experienced a 1.26% increase over the last five trading days and a 3.38% increase over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Jingjia Micro reported a revenue of 495 million CNY, reflecting a year-on-year growth of 12.14%, while the net profit attributable to shareholders was -72.53 million CNY, a decrease of 403.81% compared to the previous year [2]. - The company has distributed a total of 392 million CNY in dividends since its A-share listing, with 141 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of December 19, 2025, the number of shareholders for Jingjia Micro was 93,600, a decrease of 2.43% from the previous period, with an average of 4,343 circulating shares per shareholder, an increase of 2.49% [2]. - The top ten circulating shareholders include notable ETFs, with the E Fund ChiNext ETF holding 6.75 million shares, a decrease of 1.13 million shares from the previous period [3].

Group 1 - The People's Bank of China indicates there is still room for interest rate cuts this year, with the current average reserve requirement ratio at 6.3% [6] - Xiaomi launches a 7-year low-interest car purchase policy for its new electric SUV, with monthly payments starting at 2,593 yuan [10] - The Philippines announces visa-free entry for Chinese citizens starting January 16, 2026, allowing a stay of up to 14 days [10] Group 2 - Xunlei restarts litigation against former CEO Chen Lei, claiming he secretly siphoned off company assets, seeking 200 million yuan in damages [10] - Golden Dragon Fish plans to transfer 50% stakes in its Shanghai and Kunshan subsidiaries to Mars China for a total consideration of 60 million USD [11] - SF Express and Jitu Express announce a strategic mutual shareholding agreement, with a total investment amounting to 8.3 billion HKD [8] Group 3 - Wang's Restaurant announces the closure of 102 stores, representing 30% of its total outlets, while ensuring all employees will receive their wages and customers can refund their prepaid cards [1] - The luxury brand Hermès responds to the controversy over an 18,000 yuan yo-yo, stating it is a new product with thoughtful design [4] - The Louvre Museum increases ticket prices for non-European Economic Area visitors by approximately 45% to fund infrastructure upgrades [13] Group 4 - KKR completes fundraising of 2.5 billion USD for a private credit fund focused on high-quality credit assets in the Asia-Pacific region [21] - TSMC forecasts Q1 2026 revenue between 34.6 billion to 35.8 billion USD, indicating a 4.4% quarter-over-quarter increase [17] - Li Ning reports a low single-digit decline in retail sales for the fourth quarter, with a total of 6,091 sales points in China [18]

Group 1 - Huasheng Tiancheng's AI-related revenue currently accounts for a low proportion of overall revenue, indicating that it does not significantly impact the company's performance [2] - CICC's merger with Dongxing Securities and Xinda Securities is still undergoing audit work, which has not yet been completed [2] - Xinhua Department Store confirmed that there are no undisclosed major matters related to semiconductor asset injections, addressing market rumors [3] Group 2 - Zhong Rare Metals signed a strategic cooperation agreement with Xian Dao Group to enhance market share and industry influence in rare metals [4] - Zhongtian Rocket reported losses in its carbon/carbon thermal field materials business due to intensified competition in the photovoltaic industry [5] - Zhongyuan Nepe proposed to acquire 59% of Zhongyuan Jikean's equity for 143 million yuan, which will make it a wholly-owned subsidiary [5] Group 3 - Jiangxi Copper's subsidiary signed a cooperation agreement with First Quantum Minerals for exploration projects [6] - China Nuclear Power's Jiangsu Xuwei Nuclear Energy Heating Power Plant's first unit is set to pour its first concrete on January 16, 2026 [6] - ST Aowei's stock may be delisted if it continues to trade below par value [6] Group 4 - Triangle Tire plans to invest 3.219 billion yuan in a new high-performance tire project in Cambodia, expected to generate annual revenue of 2.585 billion yuan [7] - Baoxin Technology intends to publicly sell part of its subsidiary's assets, with a valuation of 50.2334 million yuan [7] - Nong Shang Environment's computing infrastructure project has not progressed as planned due to funding issues [8] Group 5 - Golden Dragon Fish plans to transfer stakes in two subsidiaries to Mars China for a total of 60 million USD, which is expected to impact its 2026 earnings significantly [8] - Jin Dao Technology intends to issue convertible bonds to raise up to 306 million yuan for various projects [8] - Aerospace Information expects a net loss of 700 million to 980 million yuan for 2025 due to industry changes [10] Group 6 - Tianji Co. forecasts a net profit of 70 million to 105 million yuan for 2025, recovering from a previous loss [10] - Muyuan Foods anticipates a net profit decrease of 12.2% to 17.79% for 2025 [11] - SAIC Group expects a net profit increase of 438% to 558% for 2025, driven by sales growth [12] Group 7 - Haolaike expects a significant drop in net profit for 2025, projecting a decrease of 75.16% to 83.23% [13] - Hainan Development anticipates a net loss of 440 million to 565 million yuan for 2025 [13] - Shuangliang Energy expects to report a loss for 2025 [14] Group 8 - Aijian Group also anticipates a loss for 2025 [14] - Meijin Energy forecasts a net loss of 850 million to 1.25 billion yuan for 2025 [14] - Kunlun Wanwei expects to report a loss for 2025 [14] Group 9 - Xue Rong Biological expects a net profit of 29 million to 40 million yuan for 2025, recovering from a previous loss [15] - Xin Nuo Wei anticipates a net loss of 170 million to 255 million yuan for 2025 due to increased R&D expenses [15] - Shengnuo Biological expects a net profit increase of 204.42% to 280.53% for 2025 [16] Group 10 - Longyuan Construction forecasts a net loss of 1 billion to 1.5 billion yuan for 2025 [17] - Kosen Technology expects a net loss of 245 million to 330 million yuan for 2025 [17] - Daqian Ecology anticipates a net loss of 100 million to 120 million yuan for 2025 [17] Group 11 - Lianfa Co. expects a net profit increase of 38.92% to 58.77% for 2025 [18] - Chongqing Steel anticipates a net loss of 2.5 billion to 2.8 billion yuan for 2025, but expects to reduce losses compared to the previous year [18] - Tongxing Technology forecasts a net profit increase of 74.2% to 125.44% for 2025 [19] Group 12 - Siyuan Electric expects a net profit of 3.163 billion yuan for 2025, a 54.35% increase year-on-year [19] - Luoyang Molybdenum expects a net profit increase of 47.8% to 53.71% for 2025 [20] - Nawei Technology anticipates a net profit increase of 54.51% to 75.03% for 2025 [20] Group 13 - Jingjia Micro expects a net loss of 120 million to 180 million yuan for 2025 [21] - Southwest Securities forecasts a net profit increase of 47% to 57% for 2025 [22] - Wankai New Materials expects a net profit of 156 million to 203 million yuan for 2025, recovering from a previous loss [22] Group 14 - Yilian Network anticipates a slight decrease in net profit for 2025, projecting a decline of 0% to 4% [23] - Baofeng Energy expects a net profit increase of 73.57% to 89.34% for 2025 [23] - Sanmei Co. forecasts a net profit increase of 155.66% to 176.11% for 2025 [23] Group 15 - Zhenyu Technology expects a net profit increase of 96.89% to 116.58% for 2025 [24] - Fute Technology anticipates a net profit increase of 121.98% to 164.26% for 2025 [24] - Guoli Electronics expects a net profit increase of 124.89% to 164.57% for 2025 [24] Group 16 - Shenyu Co. expects a slight decrease in net profit for 2025, projecting a decline of 0.05% to 11.37% [25] - Rongchang Biological plans to increase its share repurchase price limit to 116 yuan per share [26] - Defu Technology plans to repurchase shares for 75 million to 150 million yuan [26] Group 17 - ST Chengchang's stock will resume trading on January 16 after completing a trading fluctuation investigation [27] - Zhi Te New Materials will also resume trading on January 16 after confirming no major changes in business operations [27] - Lio Co. will suspend trading starting January 16 for stock fluctuation investigation [27]