Core Viewpoint - The CPO concept continues to rebound during trading, with several companies experiencing significant stock price increases [1] Company Performance - Yuanjie Technology saw its stock price rise by over 10% [1] - Cambridge Technology reached its daily limit increase [1] - Yongding Co., Dongshan Precision, Dekoli, and New Yi Sheng also reported notable gains [1]

Core Viewpoint - The company announced an internal adjustment of guarantee limits among its subsidiaries, reallocating unused guarantee amounts to support the business operations of its controlling subsidiary, Eastern Superconducting Technology (Suzhou) Co., Ltd. [1][2][12] Summary by Sections Guarantee Adjustment Overview - The company’s board approved a total guarantee limit of up to RMB 438,500 million for its subsidiaries for the year 2025, effective for 12 months from the approval date [2][3]. - The adjustment involves transferring RMB 20,000 million in guarantee limits from two wholly-owned subsidiaries to the controlling subsidiary [1][3]. Details of Guarantee Adjustment - Wuhan Yongding Huigu Technology Co., Ltd. will transfer RMB 6,000 million of unused guarantee limits, leaving it with RMB 18,000 million [1][3]. - Jiangsu Yongding Precision Optical Materials Co., Ltd. will transfer RMB 14,000 million of unused guarantee limits, leaving it with RMB 1,000 million [1][3]. Basic Information of Guaranteed Companies - **Wuhan Yongding Huigu Technology Co., Ltd.** - Registered Capital: RMB 5,000 million - Total Assets (as of September 30, 2025): RMB 20,599.11 million - Total Liabilities: RMB 16,675.06 million - Net Profit (1-9 months 2025): RMB 17.12 million [4][5][6] - **Jiangsu Yongding Precision Optical Materials Co., Ltd.** - Registered Capital: RMB 3,000 million - Total Assets (as of September 30, 2025): RMB 17,103.72 million - Total Liabilities: RMB 12,998.34 million - Net Profit (1-9 months 2025): RMB 710.78 million [5][6] - **Eastern Superconducting Technology (Suzhou) Co., Ltd.** - Registered Capital: RMB 6,420 million - Total Assets (as of September 30, 2025): RMB 38,816.38 million - Total Liabilities: RMB 42,680.66 million - Net Profit (1-9 months 2025): -RMB 2,816.12 million [9][10] Necessity and Reasonableness of Guarantee Adjustment - The internal guarantee adjustment is deemed necessary to support the normal business development of the controlling subsidiary, which has a good credit status and no major default history [12]. - The adjustment is not expected to affect the company's ongoing operational capability or harm the interests of minority shareholders [12]. Cumulative External Guarantee Status - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 306,375.09 million, representing 98.90% of the company's latest audited net assets [13]. - There are no overdue guarantees reported [13].

Core Viewpoint - Yongding Co., Ltd. announced that as of the date of the announcement, the total actual external guarantees provided by the company and its controlling subsidiaries amount to 306,375.09 million yuan, which represents 98.90% of the company's most recent audited net assets for the end of 2024 [1] Summary by Relevant Categories Financial Guarantees - The actual guarantee balance provided by the company to its controlling subsidiaries is 208,305.09 million yuan, accounting for 67.24% of the company's most recent audited net assets for the end of 2024 [1] - There are no overdue guarantees reported [1]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： ●调出方名称：全资子公司武汉永鼎汇谷科技有限公司（以下简称"永鼎汇谷"） 、全资子公司江苏永鼎精密光学材料有限公司（以下简称"永鼎精密光学"） ●调入方名称：控股子公司东部超导科技（苏州）有限公司（以下简称"东部超 导"） ●本次担保调剂金额及调剂后担保额度：20,000万元；永鼎汇谷将未使用的担保 额度6,000万元调至东部超导，调剂后江苏永鼎股份有限公司（以下简称"永鼎股份" 或"公司"）为永鼎汇谷提供的担保额度为18,000万元；永鼎精密光学将未使用的担 保额度14,000万元调至东部超导，调剂后公司为永鼎精密光学提供的担保额度为1,000 万元；公司为东部超导提供的担保额度为81,000万元。 ●本次担保额度调剂无反担保 ●公司无逾期对外担保 证券代码：600105 证券简称：永鼎股份 公告编号：临2025-066 江苏永鼎股份有限公司 关于在子公司之间调剂担保额度的公告 一、担保情况概述 江苏永鼎股份有限公司第十届董事会第九次会议和2024年年度股 ...

Core Viewpoint - The company plans to adjust the unused guarantee quotas of its wholly-owned subsidiaries to its controlling subsidiary while maintaining the total guarantee amount at 4.385 billion yuan for the fiscal year 2025 [1] Group 1: Guarantee Adjustment - The company will transfer 60 million yuan from Yongding Huigu and 140 million yuan from Yongding Precision Optics to Dongbu Superconductor [1] - After the adjustment, the guarantee quotas will be 180 million yuan for Yongding Huigu, 10 million yuan for Yongding Precision Optics, and 810 million yuan for Dongbu Superconductor [1] Group 2: Current Guarantee Status - As of the announcement date, the company and its controlling subsidiaries have provided actual guarantees totaling 3.064 billion yuan [1] - This amount represents 98.90% of the audited net assets as of the end of 2024, with no overdue guarantees reported [1]

证券代码：600105 证券简称：永鼎股份 公告编号：临 2025-065 江苏永鼎股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 14 日 (二)股东会召开的地点：江苏省苏州市吴江区汾湖高新区江苏路 1 号永鼎股份总 部大楼二楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： (一)非累积投票议案 | 1、出席会议的股东和代理人人数 | 2,957 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 65,876,060 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 6.0216 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，会议采用现场投票和网络投票相结合的表决方 式，符合《公司法》及《 ...

关于江苏永鼎股份有限公司 致：江苏永鼎股份有限公司 上海礼丰律师事务所(以下简称"本所")接受江苏永鼎股份有限公司(以下简 称"公司")的委托，指派本所律师(以下简称"本所律师")根据《中华人民共和国证 券法》《中华人民共和国公司法》《上市公司股东会规则》等法律、法规、规范性 文件(以下统称"法律法规")及《江苏永鼎股份有限公司章程》(以下简称"公司章 程")的规定就公司 2025 年第二次临时股东会(以下简称"本次股东会")相关事宜 出具法律意见。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 业务管理办法》和《律师事务所证券法律业务执业规则(试行)》等规定及法律意 见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽 责和诚实信用原则，进行了充分的核查验证，保证法律意见所认定的事实真实、 准确、完整、及时，所发表的结论性意见合法、准确，不存在虚假记载、误导性 陈述或者重大遗漏，并承担相应法律责任。 本所律师已经按照有关法律法规的要求和律师行业公认的道德标准以及勤 勉尽责的精神对公司本次股东会相关文件及事实进行了审查和验证。 在进行审查验证过程中，本所假设： 1. 上 ...

Market Performance - The main board led the gains with notable increases in stocks such as Shiji Information (+10.02%), Yongding Co. (+9.99%), and Data Port (+9.99%) [1] - The ChiNext board saw significant growth with stocks like Zhidema (+20.00%) and Chaoping San (+13.68%) [1] - The Sci-Tech Innovation board was led by Baiwei Storage (+13.21%) and Changguang Huaxin (+9.60%) [1] - Active sub-industries included SW Portal Websites (+2.98%) and SW Communication Application Value-Added Services (+2.68%) [1] Domestic News - Yiwentech launched the second generation of AR glasses, Even G2, featuring advanced specifications such as 640×350 resolution and 1200 nits peak brightness, with a 75% increase in display area compared to the previous generation [1] - Baidu announced the new Kunlun chip M100, optimized for large-scale reasoning scenarios, set to launch in 2026, and the M300 for ultra-large multimodal model training, expected in 2027 [1] - Cambricon announced its embrace of the FlagOS ecosystem, an open-source software stack supporting over 20 mainstream AI chip models [1] - UMC and Metalenz have entered mass production of the Polar ID facial recognition solution, which significantly reduces costs and complexity compared to existing methods [1] Company Announcements - SMIC reported Q3 2025 revenue of 17.162 billion yuan, a 6.9% increase quarter-on-quarter, with a gross margin of 25.5%, up 4.8 percentage points [3] - Hengyin Technology announced a significant shareholder reduction of 5% through block trading, with 5.7 million shares sold, representing 1.10% of total shares [3] - Hengshuo Co. completed its share reduction plan, selling 573,857 shares, which is 0.69% of total shares [3] - Zhixin Electronics received a patent for a heat shrink device, enhancing its production automation capabilities [3] Overseas News - Infineon reported a fiscal year 2025 revenue of 14.662 billion euros, a 2% year-on-year decline, with a profit of 2.56 billion euros and a profit margin of 17.5% [1] - Microchip Technology launched a new series of optical Ethernet PHY transceivers, offering 25 Gbps and 10 Gbps options [1] - The global smartphone panel market saw a significant quarterly growth, with Q3 2025 shipments reaching 580 million units, a year-on-year increase of approximately 5.2% [1] - Kioxia expects NAND demand to exceed supply, projecting a 15% growth in bit shipments for fiscal year 2025 [1]

Core Viewpoint - The communication equipment sector experienced a decline of 0.42% on November 13, with Dekoli leading the drop, while the Shanghai Composite Index rose by 0.73% and the Shenzhen Component Index increased by 1.78% [1][2]. Group 1: Market Performance - The communication equipment sector's individual stock performance showed significant variations, with Yongding Co. rising by 9.99% to a closing price of 15.30, while Dekoli fell by 4.35% to 97.13 [1][2]. - The total trading volume for the communication equipment sector was substantial, with Yongding Co. recording a volume of 240.17 million shares [1]. Group 2: Capital Flow - The communication equipment sector saw a net inflow of 1.579 billion yuan from institutional investors, while retail investors experienced a net outflow of 736 million yuan [2][3]. - Major stocks like Yongding Co. attracted significant institutional investment, with a net inflow of 1.171 billion yuan, while other stocks like Zhongji Xuchuang faced substantial outflows from retail investors [3].

Market Overview - The Shanghai Composite Index rose by 0.73% on November 13, with 27 out of 28 sectors experiencing gains, led by the power equipment and non-ferrous metals sectors, which increased by 4.31% and 4.01% respectively [1] - The total net inflow of capital in the two markets was 24.471 billion yuan, with 16 sectors seeing net inflows, particularly the power equipment sector, which attracted 11.478 billion yuan [1] Sector Performance - The communication sector declined by 0.21%, with a net inflow of 1.533 billion yuan. Out of 124 stocks in this sector, 72 rose, while 49 fell [2] - The top three stocks with the highest net inflow in the communication sector were Yongding Co., which saw a net inflow of 1.231 billion yuan, followed by Zhongji Xuchuang and Data Port with 401 million yuan and 363 million yuan respectively [2] Capital Flow Analysis - The communication sector had 50 stocks with net inflows, while 6 stocks experienced net outflows exceeding 100 million yuan, with China Unicom, China Telecom, and Taicheng Light being the most affected [2][4] - The top three stocks with the highest net outflow were China Unicom (-188.4648 million yuan), China Telecom (-167.5821 million yuan), and Taicheng Light (-154.5524 million yuan) [4]