Core Viewpoint - The China Securities Index for Communication Equipment has shown significant growth, with a 18.77% increase over the past month and a 38.19% increase over the past three months, indicating a strong performance in the communication equipment sector [1][2]. Group 1: Index Performance - The China Securities Index for Communication Equipment opened at 7873.26 points with a trading volume of 73.569 billion yuan [1]. - Year-to-date, the index has risen by 14.73% [1]. - The index is based on companies involved in the communication equipment sector, reflecting the overall performance of these listed companies [1]. Group 2: Index Composition - The top ten weighted companies in the index include: - Xinyi Technology (15.08%) - Zhongji Xuchuang (13.59%) - ZTE Corporation (9.59%) - Industrial Fulian (9.5%) - Tianfu Communication (3.77%) - Zhongtian Technology (3.42%) - Chuan Yin Holdings (3.02%) - Hengtong Optic-Electric (2.71%) - Wentai Technology (2.69%) - Haige Communication (2.22%) [1]. - The index is primarily composed of companies listed on the Shenzhen Stock Exchange (66.81%) and the Shanghai Stock Exchange (33.19%) [1]. Group 3: Industry Breakdown - The index sample shows that communication services account for 82.08% and information technology accounts for 17.92% [2]. - The index samples are adjusted biannually, with adjustments occurring on the second Friday of June and December [2]. - Public funds tracking the communication equipment index include various ETFs and index funds from Guotai, Bosera, and Tianhong [2].

Core Viewpoint - The Shanghai Basic 300 Index has shown a mixed performance with a slight increase of 0.02% on the latest trading day, reflecting a 2.88% rise over the past month and a 7.58% increase over the last three months, while year-to-date it has risen by 3.00% [1] Group 1: Index Performance - The Shanghai Basic 300 Index closed at 8033.05 points with a trading volume of 100.827 billion yuan [1] - The index series includes the Basic 200, 300, and 500 indices, which are based on fundamental value metrics such as revenue, cash flow, net assets, and dividends [1] - The index aims to mitigate the over-allocation of overvalued securities by breaking the link between market capitalization and weight [1] Group 2: Index Holdings - The top ten weighted stocks in the Shanghai Basic 300 Index include SMIC (1.04%), Dongwu Securities (1.02%), and Changshu Bank (0.98%) [2] - The index is fully composed of stocks listed on the Shanghai Stock Exchange [3] Group 3: Sector Allocation - The sector distribution of the index holdings is as follows: Industrial (26.97%), Materials (14.39%), Financials (10.86%), Information Technology (8.52%), Healthcare (8.34%), Consumer Discretionary (8.33%), Consumer Staples (5.08%), Energy (5.03%), Communication Services (4.55%), Real Estate (4.05%), and Utilities (3.88%) [3] - The index samples are adjusted annually, with changes implemented on the next trading day after the second Friday of June [3]

江苏亨通光电股份有限公司 关于控股股东部分股权解除质押及质押公告 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个别及连带责任。 重要内容提示： 江苏亨通光电股份有限公司（以下简称"公司"）控股股东亨通集团有限公司（以下 简称"亨通集团"）持有公司股份 586,229,925 股，占公司总股本的比例 23.77%；截至本公 告披露日，亨通集团持有公司股份累计质押数量（含本次）335,050,000 股，占其持股数量的 比例为 57.15%，占公司总股本的比例为 13.58%。 一、 公司股份解质情况 公司于 2025 年 7 月 8 日收到亨通集团关于部分股份解除质押的通知，具体情况如下： （一）本次股份解质基本情况 2025 年 7 月 7 日，亨通集团将其质押给中国农业银行股份有限公司苏州长三角一体化示 范区分行的 2,800 万股无限售流通股办理了质押解除手续，该股份质押解除手续已于 2025 年 7 月 8 日办理完毕。本次股份解除质押情况具体如下： 证券代码：600487 证券简称：亨通光电 公告编号：2025-030 号 | ...

Investment Rating - Industry rating: Recommended [6] Core Insights - The GB300 is expected to start volume production in the second half of the year, with significant advancements in AI performance and capabilities [1][8] - The central government emphasizes high-quality development of the marine economy, with wind power generation rapidly increasing, accounting for over 12% of total power generation [2][10] - There is a strong growth in overseas AI demand, particularly from new enterprises, driving high capital expenditure in AI [3][14] Summary by Sections GB300 Launch - CoreWeave announced the first market delivery of the NVIDIA GB300 NVL72, featuring advanced AI performance with over exaflop capabilities and significant improvements in user response speed and throughput [1][8] Marine Economy Development - The central government is focusing on enhancing the marine economy through policy support and encouraging social capital participation, with wind power generation capacity rapidly increasing [2][10] Investment Recommendations - The report recommends focusing on the AI capital expenditure and related sectors, highlighting the growth potential in the optical module industry and PCB supply chain [3][14] - Specific beneficiary stocks include NewEase, Zhongji Xuchuang, and Tianfu Communication in the optical module sector, and China Telecom, China Mobile, and China Unicom in the telecommunications sector [3][16][17] - The marine economy sector is also highlighted, with companies like Zhongtian Technology and Hengtong Optic-Electric being potential beneficiaries [4][15]

Group 1: Industry Overview - The Chinese government is actively promoting the development of the marine economy, with "deep-sea technology" becoming a key focus area in national policies [2][3] - The marine economy is expected to grow significantly, with projections indicating that by 2025, the marine production value could exceed 13 trillion yuan, with deep-sea technology-related industries accounting for over 25% of this total [4] Group 2: Company Developments - Hengtong Optic-Electric plans to expand its marine communication industry chain, focusing on the development and industrialization of products related to offshore oil and gas, underwater special cables, and marine equipment [1][5] - Zhongke Haixun is leveraging its advantages in sonar equipment, promoting its HX-A200 core processing chip specifically designed for underwater acoustic equipment, with plans for mass orders by 2025 [1][6] - Qifan Cable has developed the capability to produce long-length submarine cables and has applied these products in offshore wind power projects, with ongoing investments in R&D to enhance competitiveness in high-performance cable manufacturing [1][6] - Chengyi Pharmaceutical is investing 670 million yuan in a marine biomedicine manufacturing project, focusing on the production of 1,000 tons of super fish oil EPA, aligning with national marine strategies [1][7]

Group 1 - The ocean economy is a significant driver of GDP growth, with the national marine production value expected to exceed 10 trillion yuan in 2024, accounting for 7.8% of the GDP, and contributing 11.5% to economic growth [1][8] - The government has highlighted "deep-sea technology" in its reports, indicating its importance alongside commercial aerospace and low-altitude economy, suggesting a rapid development potential in deep-sea equipment and exploration [1][8] - The deep-sea technology sector is identified as a key pillar for building a maritime power, encompassing three main areas: deep-sea materials, deep-sea equipment manufacturing, and deep-sea digital applications [3][17] Group 2 - Various provinces and cities are accelerating the development of marine economy, with policies focusing on high-end, intelligent, and green development, and establishing multi-level industrial systems [2][13] - Shanghai's marine industry development plan (2025-2035) proposes a "3+5+X" industrial system, while Guangdong's regulations emphasize support for eight emerging marine industry clusters [2][14] - The deep-sea materials sector is crucial for deep-sea technology, involving structural and buoyancy materials necessary for the development of marine resources, with a focus on high-performance steel, alloy materials, and composite materials [3][21] Group 3 - The deep-sea equipment sector is essential for supporting deep-sea development, facing challenges from complex underwater environments, with significant growth in China's shipbuilding industry, which saw a 13.8% increase in completed shipbuilding volume in 2024 [4][26] - The deep-sea digitalization and intelligence sector is a vital direction for deep-sea technology development, aiming to create a "digital ocean" that enhances marine decision-making and governance through advanced information technologies [5][17] - The report suggests focusing on marine engineering equipment manufacturing, marine equipment components, and marine observation instruments as key areas for investment [4][26]

证券代码：600487 证券简称：亨通光电 公告编号：2025-029 号 江苏亨通光电股份有限公司 关于控股股东部分股权解除质押及质押公告 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个别及连带责任。 注：本次解质股份将用于后续质押 1 （二）股东累计质押股份情况 本次股份解质后，公司控股股东亨通集团、实际控制人崔根良先生、崔巍先生（亨通集团与崔根良先生、崔巍先生为一致行动人）累计 质押股份情况如下： | | | | | | | | 已质押股份情况 | | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 持股数量(股) | 持股比例 | 本次解质前 累计质押数 | 本次解质后累 | 占其所持 | 占公司总股 | 已质押股份中 | 已质押股 | 未质押股 | 未质押股 | | | | | (%) | | 计质押数量 | 股份比例 | 本比例(%) | 限售股份数量 | 份中冻结 | 份中限售 ...

2024 年 11 月 22 日，江苏亨通光电股份有限公司（以下简称"公司"或"亨 通光电"）总经理办公会会议审议通过了关于《与专业投资机构共同成立产业投 资基金》的议案，同意公司与工银资本管理有限公司、苏州国发股权投资基金管 理有限公司、工银金融资产投资有限公司、苏州国发创业投资控股有限公司、苏 州东方产投二期投资基金合伙企业（有限合伙）、江苏澳盛复合材料科技股份有 限公司等共同出资 30,000 万元设立苏州苏创工融股权投资基金合伙企业（有限 合伙），详见上海证券交易所网站（公告编号：2024-093 号）。 证券代码：600487 证券简称：亨通光电 公告编号：2025-028 号 江苏亨通光电股份有限公司 关于与专业投资机构共同成立产业投资基金的 进展公告 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个别及连带责任。 特此公告。 1 江苏亨通光电股份有限公司 董事会 2025 年 6 月 23 日，公司收到管理人工银资本管理有限公司的通知，苏州苏 创工融股权投资基金合伙企业（有限合伙）已完成中国证券投资基金业协会备案 手续，取 ...

Core Points - The company plans to distribute a cash dividend of RMB 0.23 per share to its shareholders [1][4] - The profit distribution plan was approved at the annual general meeting on May 20, 2025 [1][2] - The total number of shares participating in the distribution is 2,444,129,162 shares after excluding repurchased shares [1][3] Distribution Details - The record date for the dividend is June 26, 2025, with the ex-dividend date and payment date both set for June 27, 2025 [1][3] - The cash dividend will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1][2] - The reference price for the ex-dividend is calculated as the previous closing price minus the cash dividend [1][3] Tax Implications - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax [4][5] - For shares held for one year or less, the actual tax burden is 20% for those holding shares for one month or less [4][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net cash dividend of RMB 0.207 per share [5][6] Additional Information - The company will not withhold corporate income tax for other institutional investors; they are responsible for their own tax payments [6][7] - Shareholders with shares in the Hong Kong market will also receive a net cash dividend of RMB 0.207 after a 10% withholding tax [6][7] - For any inquiries regarding the profit distribution plan, shareholders can contact the company's board office [6][7]

申万宏源证券承销保荐有限责任公司 关于江苏亨通光电股份有限公司 差异化分红事项的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"保荐机构"）作为江苏亨 通光电股份有限公司（以下简称"亨通光电"或"公司"）的保荐机构，根据《证 券发行上市保荐业务管理办法》《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》"）《上市公司股 份回购规则》（以下简称"《回购规则》"）《上海证券交易所股票上市规则》 （以下简称"《上市规则》"）《上海证券交易所上市公司自律监管指引第 7 号 ——回购股份》等法律法规及亨通光电《公司章程》《公司未来三年（2023-2025） 股东回报规划》的规定，对亨通光电 2024 年度利润分配所涉及的差异化分红（以 下简称"本次差异化分红"）相关事项进行了审慎核查，核查情况如下： 一、本次差异化分红的原因 2023 年 10 月 23 日，亨通光电召开第八届董事会第二十六次会议、第八届 监事会第二十四次会议，审议通过了关于《以集中竞价交易方式回购公司股份方 案》的议案，拟以自有资金回购公司股份。截至 2023 年 12 月 20 日，亨通光电 实 ...