Over 100 companies received pre-holiday visits for research and investigation, with Nai Pu Mining Machines, Huanxu Electronics, and Dajin Heavy Industry attracting the most attention.

Securities Times Reporter Nie Yinghao

This week, institutional research enthusiasm remains high. Wind data shows that as of 4 p.m. on February 6, a total of 113 A-share listed companies have disclosed records of institutional investor research. In terms of profitability, 50% of the researched companies saw their stock prices rise this week. ZeRun New Energy led with a weekly increase of 70.84%, Oulai New Materials rose 32.25%, Triangle Defense increased 19.14%, and RuiMing Technology, Sanfu Outdoor, Yamaton, Guoneng Rixin, Whirlpool, and others gained over 10%. Among them, ZeRun New Energy, Oulai New Materials, Guoneng Rixin, Huanxu Electronics, and Tongda Chuangzhi recently hit record highs.

Regarding popular targets, Naipu Mining Machinery, Huanxu Electronics, and Daikin Heavy Industries were each visited by over 100 institutions this week. Obib Zhongguang, BGI Genomics, Guoneng Rixin, and RuiMing Technology were each researched by more than 50 institutions.

Naipu Mining Machinery

Termination of overseas mine project investment

Naipu Mining Machinery was researched by 113 institutions this week. On the evening of February 3, Naipu Mining Machinery announced it would terminate its subscription of shares in Swiss Verida Resources and simultaneously give up further investment in the Alacran copper-gold-silver mine project in Colombia, attracting institutional attention.

Regarding the reasons for terminating the Colombian mine project investment, Naipu Mining Machinery stated during research that firstly, there were significant changes in the equity transfer conditions, including major changes to the payment terms, increasing future project risks; secondly, the political, economic, policy, and legal environment risks in Colombia, where the resources are located, have increased; thirdly, the company’s risk tolerance is limited, and this investment would significantly impact the company’s future main business operations. The total investment amount is about $146 million (approximately RMB 1.02 billion), accounting for 56% of the company’s net assets.

Naipu Mining Machinery said it will continue to implement a dual-wheel development strategy—improving global production layout and strengthening its main business of mineral processing wear-resistant spare parts; meanwhile, it will keep an eye on investment opportunities in mineral resources, prioritizing stable countries and regions such as Central Asia and Southeast Asia, while considering the company’s risk capacity to make appropriate-scale investments.

Currently, copper and gold prices are high. Institutions are concerned whether downstream customers of Naipu Mining Machinery will increase capital expenditure. In response, Naipu Mining Machinery stated that there is a significant upward trend in downstream customers’ willingness to increase capital spending. For example, Zijin’s Julong Copper Mine Phase II was put into operation in January, and after reaching full capacity, ore processing will increase from 45 million tons to over 105 million tons, which will boost the company’s overall machinery sales and also lead to a boom in spare parts and consumables sales.

Huanxu Electronics

Focus on last year’s operational performance

Huanxu Electronics was also researched by 113 institutions this week, including Ruoyuan Fund, CITIC Securities, HSBC Qianhai Securities, Shanxi Securities, Guotai Haitong Securities, and others. The institutions mainly focused on the company’s Q4 2025 performance, various business performances, and the impact of storage price increases on the company’s operations.

Huanxu Electronics introduced that in Q4 2025, its revenue was 15.55 billion yuan, down 5.3% quarter-on-quarter and 6.8% year-on-year. The total revenue for 2025 was 59.20 billion yuan, a decrease of 2.5% year-on-year, mainly due to lower procurement costs of WiFi module materials leading to product price reductions and a decline in the automotive electronics business. “Currently, the company’s revenue from AI acceleration cards has seen rapid growth in recent years, driven by strong demand from CSP customers. The AI server motherboard business is also actively communicating with customers, hoping to see business opportunities in Q4 2026 to Q1 2027.”

When asked whether storage price increases would put significant pressure on major customers’ consumer electronics shipments, Huanxu Electronics responded that their major customer products include mobile phones, watches, and earphones. During the storage price increase, they believe that their products will have better cost performance compared to other brands.

“In smart glasses, we have a better outlook for SiP applications. Besides WiFi modules and MLB, we also have new cooperation opportunities in biometric recognition, displays, and audio. This year is the first year of our glasses business expansion. We hope to work well with customers and help expand to other clients. We also plan to continue increasing investment in SiP to build a stronger competitive barrier,” Huanxu Electronics stated.

Daikin Heavy Industries Marine Engineering Base Researched

Daikin Heavy Industries hosted 109 institutional investors for research on its marine engineering base. According to Daikin Heavy Industries, the Caofeidian Deep-Sea Marine Base aims to become a world-class super factory capable of mass production of ultra-large offshore wind fixed and floating foundation structures, aligned with the global offshore wind product planning for the next decade. The base covers over 1,300 acres, with an annual designed capacity of 500,000 tons, mainly producing ultra-large, heavy-duty monopile foundations, jackets, and floating foundations suitable for 15MW–25MW wind turbines.

Daikin Heavy Industries stated that in the future, the Caofeidian deep-sea offshore wind base will coordinate with the European assembly base to form a production capacity structure of “R&D in Europe, testing in China, manufacturing domestically, and final assembly in Europe,” addressing current industry pain points such as high costs, low delivery efficiency, and complex multi-party collaboration in deep-sea wind power development.

“By 2026, the main offshore wind monopile projects will be delivered, along with some export tower projects, mainly using DAP delivery mode.” Daikin Heavy Industries added that they have established docks in Denmark, Germany, and Spain to meet regional project needs. The overseas dock layouts are tailored to project requirements, aiming to enhance local assembly and service capabilities, ultimately improving project delivery and profitability.

(Edited by: Wang Zhiqiang HF013)

【Disclaimer】This article reflects only the author’s personal views and has no relation to Hexun.com. Hexun.com remains neutral regarding the statements and opinions in the article and does not guarantee the accuracy, reliability, or completeness of the content. Readers are advised to use it for reference only and bear all responsibilities themselves. Email: news_center@staff.hexun.com