Summary of Key Points Core Viewpoint - As of July 21, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 6.081 billion yuan, an increase of 158 million yuan from the previous trading day, indicating a growing interest in leveraged trading among investors [1]. Financing and Margin Data - The margin balance was 6.081 billion yuan, with a net increase of 158 million yuan, while the securities lending balance was 28.81 million yuan, showing a decrease of 334,800 yuan [1]. - The stocks with the highest margin balances included Jinbo Biological (374 million yuan), Airon Software (173 million yuan), and Better Ray (152 million yuan), with an average margin balance accounting for 1.15% of their circulating market value [1]. Stock Performance - On July 21, 175 stocks received net margin purchases, with 11 stocks having net purchases exceeding 5 million yuan. The top net purchase was for Wuxin Tunnel Equipment at 17.476 million yuan, followed by Wanyuantong and Wanda Bearings at 12.168 million yuan and 10.803 million yuan, respectively [1][2]. - The average increase for stocks with net purchases over 5 million yuan was 8.70%, with notable gainers including Wuxin Tunnel Equipment (29.99%), Tongli Co. (18.22%), and Wanda Bearings (12.91%) [2]. Industry Insights - The mechanical equipment sector had the highest concentration of stocks with net purchases exceeding 5 million yuan, with five stocks listed [2]. - The weighted average turnover rate for stocks with net purchases over 5 million yuan was 11.04%, with Wanyuantong, Wuxin Tunnel Equipment, and Wanda Bearings leading in turnover rates at 35.72%, 24.00%, and 18.88%, respectively [2]. Notable Stocks and Changes - Stocks with the largest increases in margin balances included Wuxin Tunnel Equipment (1.747 million yuan increase), Wanyuantong (1.217 million yuan), and Wanda Bearings (1.080 million yuan) [2][3]. - Stocks with significant declines included Benlang New Materials (-2.81%) and Jinbo Biological (-1.64%) [2][3].

Core Viewpoint - Wanyuantong (920060) experienced a significant increase of 7.58% in its stock price, with a trading volume of 1.006 billion yuan and a turnover rate of 35.72% on the day of reporting [2] Trading Activity Summary - The stock's turnover rate of 35.72% led to its listing on the North Exchange's watchlist, with institutional investors net selling 9.7897 million yuan [2] - The top five trading departments accounted for a total transaction volume of 201 million yuan, with a net buying amount of 17.7528 million yuan after 110 million yuan in buying and 91.7569 million yuan in selling [2] - Among the trading departments, one institutional specialized seat was noted, which had a buying amount of 5.5512 million yuan and a selling amount of 15.3409 million yuan, resulting in a net sell of 9.7897 million yuan [2]

Market Overview - On July 18, the North Exchange A-shares trading volume reached 22.46 billion yuan, an increase of 1.31 billion yuan from the previous trading day[3] - The North Exchange 50 Index closed at 1418.6, down 0.7%, with a PE TTM of 67.25 times[3] - The North Exchange Specialized and New Index closed at 2428.8, down 0.4%[3] Stock Performance - Among 268 companies on the North Exchange, 74 rose, 7 remained flat, and 187 fell[3] - The top five gainers were: Jiahe Technology (30.0%), Wanyuantong (11.0%), Kaida Catalysis (10.7%), Benlang New Materials (9.1%), and Haidaer (6.8%)[3] - The top five losers were: Guoyi Tender (-6.4%), Chunguang Pharmaceutical (-4.8%), Tonghui Information (-4.3%), Huaxi Technology (-4.2%), and Guoyuan Technology (-3.9%)[3] Investment Insights - The overall trading activity on the North Exchange improved, indicating better capital participation, but market differentiation is significant[6] - Key themes include the Ministry of Industry and Information Technology's upcoming plans for ten key industries, which may boost the materials and basic chemical sectors[6] - Short-term market fluctuations are expected, but policy benefits and deepening reforms at the North Exchange may enhance long-term confidence[6]

证券代码：920060 证券简称：万源通 公告编号：2025-110 昆山万源通电子科技股份有限公司 章 程 二〇二五年七月 | | | | | | 第一章 总 则 第一条 为维护昆山万源通电子科技股份有限公司（以下简称"公司"）、股东、 职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《北京证券交易所股票上市规则》（以下简称"《上市规则》"）和其他有关规定， 制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司系由昆山万源通电子科技有限公司整体变更设立，并在苏州市行政审批局 （以下简称"苏州审批局"）注册登记，取得营业执照，统一社会信用代码 91320583576671624T。 第三条 公司于 2024 年 10 月 25 日经中国证券监督管理委员会（以下简称 "中 国证监会"）注册，向不特定合格投资者公开发行人民币普通股 35,650,000.00 股， 于 2024 年 11 月 19 日在北京证券交易所（以下简称"北交所"）上市交易。 第四条 公司注册名称： （ ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所佘珉玥律师、于胜寒律师（以下简称"本所律师"） 接受昆山万源通电子科技股份有限公司（以下简称"公司"）之委托，出席公司 2025 年第二次临时股东会（以下简称"本次股东会"），并依据《中华人民共和 国公司法》、《中华人民共和国证券法》、中国证券监督管理委员会《上市公司股 东会规则》等相关法律、法规、规范性文件及《公司章程》、《股东大会议事规 则》的规定，就公司本次股东会的召集、召开程序、出席会议人员资格、表决 程序等相关问题出具法律意见。 上海市锦天城律师事务所 关于昆山万源通电子科技股份有限公司 2025 年第二次临时股东会 法律意见书 致：昆山万源通电子科技股份有限公司 第 1 页 共 7 页 上海市锦天城律师事务所 法律意见书 会议作出召开 2025 年第二次临时股东会的决定。公司关于召开本次股东会的通 知已于 2025 年 6 月 30 日在北京证券交易所网站上公告，会议公告载明了本次股 东会的会议时间、会议地点、提交会议的议案、出席会议的人员、参加会议的登 记办法和其他事项。公告的刊登日期距本次股东会的召开日期业已超过 15 日。 在本法律意 ...

证券代码：920060 证券简称：万源通 公告编号：2025-108 4.会议召集人：董事会 5.会议主持人：董事长王雪根先生 昆山万源通电子科技股份有限公司 2025 年第二次临时股东会决议公告 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 1.会议召开时间：2025 年 7 月 17 日 2.会议召开地点：东台市经济开发区东区五路 89 号江苏广谦三楼会议室 3.会议召开方式：现场投票和网络投票相结合 6.召开情况合法合规的说明： 本次股东会会议的召集、召开、议案审议程序符合有关法律、行政法规、部 门规章、规范性文件和《公司章程》的相关规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 6 人，持有表决权的股份总数 83,615,037 股，占公司有表决权股份总数的 54.99%。 其中通过网络投票参与本次股东会的股东共 2 人，持有表决权的股份总数 1,671,648 股，占公司有表决权股份总数的 1.10%。 （三）公司董事、高级管理人员出 ...

Summary of Key Points Core Viewpoint The trading activity on the Beijing Stock Exchange (BSE) showed significant movement on July 18, with a total trading volume of 989 million shares and a trading value of 22.48 billion yuan, marking an increase of 1.302 billion yuan compared to the previous trading day. A total of 74 stocks closed higher, while 187 stocks saw declines. Trading Activity - The total trading volume reached 989 million shares, with a trading value of 22.48 billion yuan, an increase of 1.302 billion yuan from the previous day [1]. - Among the traded stocks, 74 stocks closed higher, accounting for 27.72% of the total tradable stocks [1]. - The stocks with the highest closing gains included Wanyuantong (up 11.00%), Kaida Catalyst (up 10.67%), and Benlang New Materials (up 9.11%) [1]. - Conversely, 187 stocks closed lower, with the largest declines seen in Guoyi Tender (down 6.36%), Chunguang Intelligent (down 4.78%), and Tonghui Information (down 4.30%) [1]. Stock Performance - A total of 66 stocks had a trading value exceeding 100 million yuan, with Wanyuantong leading at 1.183 billion yuan, followed by Benlang New Materials at 784.1 million yuan and Binhang Technology at 550.1 million yuan [1]. - The trading activity was characterized by high turnover rates, with 28 stocks having a turnover rate exceeding 10%, and 5 stocks exceeding 20% [1]. - The stocks with the highest turnover rates included Wanyuantong (43.91%), Benlang New Materials (31.44%), and Jiahua Technology (30.36%) [1]. Notable Stocks - The top-performing stocks in terms of closing price and percentage increase included: - Wanyuantong: Closing price of 37.74 yuan, up 11.00%, turnover rate of 43.91% [1]. - Benlang New Materials: Closing price of 20.25 yuan, up 9.11%, turnover rate of 31.44% [1]. - Jiahua Technology: Closing price of 33.76 yuan, up 30.00%, turnover rate of 30.36% [1]. Market Sentiment - The overall market sentiment reflected a mixed performance, with a notable number of stocks experiencing significant gains while others faced declines, indicating a volatile trading environment on the BSE [1].

Group 1 - Wanyuantong (920060) experienced an increase of 11.00% in its stock price, with a turnover rate of 43.91% and a total transaction amount of 1.183 billion yuan, showing a volatility of 12.94% [2] - Institutional investors net bought 41.424 million yuan worth of shares, while brokerage seats collectively net sold 113 million yuan [2] - The stock was listed on the North Exchange due to its turnover rate reaching 43.91%, with institutional specialized seats contributing to the net buying [2] Group 2 - The top five brokerage seats accounted for a total transaction amount of 342 million yuan, with a buying transaction amount of 135 million yuan and a selling transaction amount of 207 million yuan, resulting in a net selling of 71.6276 million yuan [2] - Among the brokerage seats, two institutional specialized seats were present, with a combined buying amount of 45.926 million yuan and a selling amount of 4.502 million yuan, leading to a net buying of 41.424 million yuan [2]

关于昆山万源通电子科技股份有限公司 的年报问询函中 有关财务会计问题的专项说明 容诚专字[2025]210Z0157 号 容诚会计师事务所(特殊普通合伙) 中国·北京 年报问询函回复 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚会计师事务所（特殊普通合伙） 关于昆山万源通电子科技股份有限公司 的年报问询函中 有关财务会计问题的专项说明 容诚专字[2025]210Z0157 号 北京证券交易所上市公司管理部： 贵所于 2025 年 6 月 18 日出具的《关于对昆山万源通电子科技股份有限公 司的年报问询函》（年报问询函【2025】第 012 号）（以下简称"年报问询 函"）收悉。对年报问询函所提财务会计问题，容诚会计师事务所（特殊普通 合伙）（以下简称"我们"或"本所"）对昆山万源通电子科技股份有限公司 （以下简称"本公司"、 ...

昆山万源通电子科技股份有限公司 证券代码：920060 证券简称：万源通 公告编号：2025-106 关于对昆山万源通电子科技股份有限公司的年报问询函 的回复公告 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。 昆山万源通电子科技股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日收到北京证券交易所上市公司管理部下发的《关于对昆山万源通电子科技股份 有限公司的年报问询函》（年报问询函【2025】第 012 号）（以下简称"年报问 询函"）。根据要求，公司会同年审会计师对问询函所提问题进行了逐项落实、 核查，并逐项进行了回复说明。由于涉及商业敏感信息，公司申请对部分客户和 供应商名称进行了豁免披露，具体回复内容如下： 问题 1.关于毛利率 2022-2024 年，你公司毛利率分别为 17.83%、24.39%、22.39%。分产品 看，2024 年单面板、双面板、多层板、其他类毛利率分别为 21.57%、15.71%、 29.50%、9.13%。 请你公司： （1）按产品类别说明最近三年毛利 ...