Core Insights - The North Exchange 50 index increased by 0.26% to close at 1554.43 points on August 28, 2025, with a trading volume of 12.72 billion shares and a total market capitalization of 900.43 billion yuan [3][4][5] - The overall trading volume on the North Exchange was 30.53 billion yuan, which is a decrease compared to the average daily trading volume of 41.70 billion yuan from the previous week [3][5] - The automotive sector showed the highest increase at 2.4%, while the petroleum and petrochemical sector experienced the largest decline at -1.8% [3][4] Industry Performance - The North Exchange's overall valuation was reported at a price-to-earnings (P/E) ratio of 53.30 times, which is higher than the P/E ratios of the Sci-Tech Innovation Board (70.58 times) and the Growth Enterprise Market (42.67 times) [3][12] - The electronics sector had the highest average P/E ratio at 258.0 times, followed by the computer sector at 153.8 times and light manufacturing at 121.8 times [3][12] - The sectors with relatively lower P/E ratios included machinery equipment, national defense, and basic chemicals [3][12] Stock Performance - Among the 273 listed companies on the North Exchange, 150 companies saw an increase in stock price, while 115 companies experienced a decline [3][9] - The top gainers included Sunyu Precision (+29.98%), Kaiteng Precision (+15.91%), and Zecheng Electronics (+12.22%) [3][9] - Conversely, the largest decliners were *ST Yunchuang (-7.22%), Datang Pharmaceutical (-4.37%), and New Ganjing (-3.99%) [3][10]

Core Viewpoint - The company, Zecheng Electronics, reported a significant increase in revenue and net profit for the first half of 2025, driven by growth in smart lock orders and new AI glasses clients [1][3]. Financial Performance - In the first half of 2025, the company achieved revenue of 213 million yuan, a year-on-year increase of 27.34% [1] - The net profit attributable to shareholders was 11.46 million yuan, up 11.52% year-on-year [1] - The second quarter saw revenue of 118 million yuan, a 27.87% increase year-on-year, with net profit of 6.81 million yuan, growing 1.75% [1] Business Development - The growth in operating performance is attributed to a steady increase in smart lock customer orders and successful mass production of AI glasses [1][3] - The company has made breakthroughs in domestic market development, with domestic revenue reaching 31.54 million yuan, an 80.08% increase [3] - International revenue was 181.51 million yuan, reflecting a 21.17% growth [3] Product Innovation - AI glasses have become a key product area, with batch order deliveries contributing to revenue growth [3] - The company is actively expanding its client base, including notable clients like RayNeo, and plans to enter other smart wearable product markets [3] R&D Investment - R&D expenses for the first half of 2025 amounted to 12.15 million yuan, a 4.93% increase [4] - The company has developed capabilities for high-precision circuit board production and is researching various PCB applications [4] - As of the end of the reporting period, the company held 121 patents, including 22 invention patents [4] Future Outlook - The company anticipates significant growth in the AI smart wearable device market, leveraging the advantages of flexible printed circuit (FPC) modules [4] - Continued investment in R&D for AI smart wearable devices and FPC production is planned [4]

Group 1 - The company announced the approval of multiple proposals during the second meeting of the fourth board of directors, including the proposal for the 2025 semi-annual report and its summary [2]

证券代码：837821 证券简称：则成电子 公告编号：2025-106 深圳市则成电子股份有限公司 1、 预计现金管理额度的情形 公司拟使用额度不超过人民币 1.5 亿元（按理财产品存续余额计）的闲置自 有资金适时购买安全性高、流动性好、可以保障本金安全的理财产品（包括但不 限于结构性存款、定期存款、大额存单、协定存款、通知存款等），拟投资的产 品期限最长不超过 12 个月，在上述额度范围内，资金可循环滚动使用。 关于调整使用部分闲置自有资金进行现金管理额度的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、 现金管理概述 （一） 现金管理目的 深圳市则成电子股份有限公司（以下简称"公司"）为提高资金的使用效率， 合理利用资金增加投资收益，在不影响公司主营业务正常开展并确保正常经营需 求的前提下，拟使用部分闲置自有资金购买安全性高、流动性好的理财产品。 （二） 现金管理金额和资金来源 2025 年 7 月 15 日，公司召开第三届董事会第二十六次会议、第三届监事会 第十八次会议，审议通过了《关于 ...

2025 年半年度募集资金存放与实际使用情况的专项报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 根据中国证券监督管理委员会《关于同意深圳市则成电子股份有限公司向不 特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕657 号），深圳市 则成电子股份有限公司（以下简称"公司"）向不特定合格投资者公开发行人民 币普通股 16,192,806 股，每股面值人民币 1.00 元，发行价格为每股人民币 10.80 元，共计募集人民币 174,882,304.80 元（超额配售权行使后），扣除与发行有关 的费用人民币 19,783,037.21 元（不含增值税）(超额配售权行使后)，实际募集 资金净额为人民币 155,099,267.59 元，本次募集资金用途用于则成电子智能控 制模组建设项目。上述资金于 2022 年 8 月 8 日之前全部到账。 大华会计师事务所（特殊普通合伙）对该募集资金到位情况进行审验，出具 了(大华验字[2022 ...

证券代码：837821 证券简称：则成电子 公告编号：2025-102 深圳市则成电子股份有限公司 第四届董事会第二次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 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个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 二、议案审议情况 （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 1.会议召开时间：2025 年 8 月 14 日 2.会议召开地点：公司三楼会议室 5.会议主持人：董事长薛兴韩 6.会议列席人员：公司高级管理人员 7.召开情况合法、合规、合章程性说明： 本次董事会的召集及召开时间、方式、召集人和主持人符合《公司法》及 相关法律、法规、规范性文件和《公司章程》的规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 1.议案内容： 根据相关法律法规、规范性文件及《公司章程》规定，结合公司 2025 年 半年度的经营情况，公司编制了 2025 年半年度报告及其摘要。 3.会议召开方式：现场与电子通讯相结合 4.发出董事会会议通知的时间和方式： ...

Group 1 - The company Zhecheng Electronics announced the appointment of Liu Xunan as the new board secretary, effective from August 1, 2025, to July 31, 2028 [1] - The previous board secretary, Wei Bin, will step down on August 1, 2025, due to the change in leadership [1] - Liu Xunan has a background in finance and management, having held various positions in companies such as TCL and Shenzhen Dingshi Investment Management [1]

Group 1 - The company announced that its first extraordinary general meeting of shareholders for 2025 will be held on August 1, 2025 [2] - The meeting will review and approve several proposals, including the cancellation of the supervisory board, changes to registered capital, and amendments to relevant articles [2]

Core Points - The company announced the approval of multiple proposals during the first meeting of its fourth board of directors, including the election of the chairman [2] Summary by Category Company Governance - The fourth board of directors' first meeting approved the proposal for electing the chairman [2]

深圳市则成电子股份有限公司 章 程 第 1 页 共 56 页 | 第一章 | 总则 3 | | | --- | --- | --- | | 第二章 | 经营宗旨与经营范围 | 4 | | 第三章 | 公司股份 5 | | | 第一节 | 股份发行 5 | | | 第二节 | 股份增减和回购 | 6 | | 第三节 | 股份转让 7 | | | 第四章 | 股东和股东会 8 | | | 第一节 | 股东 8 | | | 第二节 | 控股股东和实际控制人 | 10 | | 第三节 | 股东会的一般规定 11 | | | 第四节 | 股东会的召集 | 16 | | 第五节 | 股东会的提案与通知 | 17 | | 第六节 | 股东会的召开 | 19 | | 第七节 | 股东会的表决和决议 | 21 | | 第五章 | 董事会 26 | | | 第一节 | 董事 26 | | | 第二节 | 董事会 30 | | | 第三节 | 独立董事 36 | | | 第四节 | 董事会专门委员会 | 38 | | 第六章 | 总经理及其他高级管理人员 | 40 | | 第七章 | 财务会计制度、利润分配和审计 | 43 | | ...