Core Viewpoint - Founder Technology Group Co., Ltd. is planning to issue shares to specific investors, aiming to raise funds for business expansion and enhance its competitive position in the PCB industry [1][2][3] Company Overview - Founder Technology Group Co., Ltd. was established on December 10, 1984, with a registered capital of 4,170.293287 million yuan [1][2] - The company specializes in the design, research and development, manufacturing, and sales of printed circuit board (PCB) products, including HDI, multilayer boards, and customized PCBs [2][4] - The company is listed on the Shanghai Stock Exchange under the stock code 600601, with its shares trading since December 19, 1990 [1][2] Business Operations - The company's PCB products are widely used in various sectors, including communication equipment, consumer electronics, automotive electronics, and medical devices [2][4] - The company has established long-term technical cooperation relationships with domestic and international strategic customers, enhancing its competitive edge in high-end PCB markets [2][4] Financial Performance - As of March 31, 2025, the company's total assets amounted to 746,705.04 million yuan, with total liabilities of 327,586.42 million yuan, resulting in net assets of 419,118.62 million yuan [2][3] - The company's revenue for the first quarter of 2025 was 95,167.54 million yuan, with a net profit of 7,847.72 million yuan [2][3] - The comprehensive gross profit margin for the company has shown an upward trend, reaching 21.91% in the latest reporting period [4] Market Position - The company ranks 29th in the overall PCB industry and 16th among domestic PCB companies according to the CPCA's 2024 revenue report [2][4] - The PCB industry is experiencing growth, driven by increasing demand in electronic information sectors, although it faces challenges from intense competition and market fluctuations [4][5] Fundraising and Investment Plans - The company plans to raise up to 198,000.00 million yuan through this issuance, with the funds allocated for projects aimed at expanding its business capabilities [1][17] - The issuance will involve specific investors, including Huanxin Fangke, which will subscribe for up to 23.50% of the total shares issued [1][15] Risks and Challenges - The company faces risks related to market competition, raw material price fluctuations, and potential changes in macroeconomic conditions that could impact its financial performance [4][5][6] - The company has a significant amount of accounts receivable, which could lead to increased bad debt losses if the financial conditions of its major customers deteriorate [5][6]

Group 1 - The core point of the news is that Founder Technology Group Co., Ltd. is planning to issue A-shares to specific investors in 2025, with Guojin Securities and Huajin Securities acting as joint sponsors for the issuance [1][2][18] - The issuance is in compliance with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [18][19] - The company has undergone a thorough internal review process by the sponsoring institutions to ensure the legitimacy and compliance of the issuance [18][19] Group 2 - Founder Technology Group Co., Ltd. was established on December 10, 1984, with a registered capital of 4,170,293,287 CNY [4][5] - The company operates in the electronic circuit manufacturing industry and is listed on the Shanghai Stock Exchange under the stock code 600601 [4][5] - As of March 31, 2025, the total number of shares is 4,170,293,287, with 100% being unrestricted shares [5][6] Group 3 - The financial performance of the company shows a net profit of 7,847.72 million CNY for the first quarter of 2025, compared to 25,738.99 million CNY for the entire year of 2024 [7][8] - The company reported a total revenue of 95,167.54 million CNY for the first quarter of 2025, with a gross profit margin of 22.17% [7][8] - The company's total assets as of December 31, 2024, were 746,705.04 million CNY, with total liabilities of 327,586.42 million CNY [7][8]

方正科技集团股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日收到 上海证券交易所（以下简称"上交所"）出具的《关于受理方正科技集团股份有 限公司沪市主板上市公司发行证券申请的通知》 〔2025〕260 （上证上审（再融资） 号），上交所依据相关规定对公司报送的沪市主板上市公司发行证券的募集说明 书及相关申请文件进行了核对，认为该项申请文件齐备，符合法定形式，决定予 以受理并依法进行审核。 公司本次向特定对象发行 A 股股票事项尚需通过上交所审核，并获得中国 证券监督管理委员会（以下简称"中国证监会"）做出同意注册的决定后方可实 施，最终能否通过上交所审核，并获得中国证监会同意注册的决定及其时间尚存 在不确定性。公司将根据该事项的进展情况及时履行信息披露义务，敬请广大投 资者注意投资风险。 证券代码：600601 证券简称：方正科技 公告编号：临 2025-050 方正科技集团股份有限公司 关于2025年度向特定对象发行A股股票申请 获得上海证券交易所受理的公告 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。 ...

Core Viewpoint - Founder Technology Group Co., Ltd. is planning to issue A-shares to specific investors, aiming to raise funds for the development of high-density interconnection circuit board projects in the artificial intelligence and computing power sectors. Group 1: Company Overview - The company specializes in the design, research and development, manufacturing, and sales of printed circuit board (PCB) products, including HDI, multilayer boards, and customized PCBs, widely used in communication devices, consumer electronics, and automotive electronics [17]. - As of March 31, 2025, the company has a registered capital of 4,170.29 million yuan and is listed on the Shanghai Stock Exchange under the stock code 600601 [16]. Group 2: Fundraising Details - The company plans to issue shares to no more than 35 specific investors, with a commitment from Huansheng Fangke to subscribe for up to 23.50% of the total issuance amount [2][3]. - The final issuance price will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [4][5]. Group 3: Industry Context - The global PCB industry is a significant segment of the electronic components market, with a total output value of 81.74 billion USD in 2022, showing a slight increase from the previous year [22]. - China has become the largest PCB manufacturing base globally, with its output value rising from 3.368 billion USD in 2000 to an estimated 41.213 billion USD in 2024, accounting for 56.02% of the global market [22][23]. Group 4: Market Trends and Future Outlook - The PCB industry is expected to enter a new growth cycle driven by emerging technologies such as artificial intelligence and the increasing demand from sectors like electric vehicles and satellite communications [22]. - The global PCB market is projected to grow at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2029, reaching approximately 94.7 billion USD by 2029 [22].

方正科技集团股份有限公司 审 计 报 告 众环审字(2025)0500383号 目 录 起始页码 审计报告 | 财务报表 | | | --- | --- | | 合并资产负债表 | 1 | | 合并利润表 | 3 | | 合并现金流量表 | 4 | | 合并股东权益变动表 | 5 | | 资产负债表 | 7 | | 利润表 | 9 | | 现金流量表 | 10 | | 股东权益变动表 | 11 | | 财务报表附注 | 13 | | 财务报表附注补充资料 | 145 | 6-1-1 审 计 报 告 众环审字(2025)0500383 号 方正科技集团股份有限公司全体股东： 一、 审计意见 我们审计了方正科技集团股份有限公司（以下简称"贵公司"）财务报表，包括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及公司利润表、合并及公司现金 流量表、合并及公司股东权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了 贵公司 2024 年 12 月 31 日合并及公司的财务状况以及 2024 年度合并及公司的经营成果和现 金流量。 ...

Core Viewpoint - The Co-Packaged Optics (CPO) sector has shown a slight increase of 0.18%, ranking third among concept sectors, with notable performances from several stocks, while some experienced declines [1][2]. Group 1: Sector Performance - The CPO concept saw 39 stocks rise, with Dongtian Micro achieving a 20% limit-up, followed by Cambridge Technology and Founder Technology, both hitting the limit-up as well [1]. - Other significant gainers included Shijia Photon, Changxin Bochuang, and Xinyi Sheng, which rose by 14.93%, 12.49%, and 9.32% respectively [1]. - Conversely, the biggest decliners were Weiteng Electric, Lian Te Technology, and Juguang Technology, which fell by 8.76%, 7.73%, and 6.29% respectively [1]. Group 2: Capital Flow - The CPO sector experienced a net outflow of 2.7 billion yuan, with 40 stocks receiving net inflows from major funds [2]. - Founder Technology led the net inflow with 1.219 billion yuan, followed by Industrial Fulian, Taicheng Light, and Yongding Shares, which saw net inflows of 550 million yuan, 362 million yuan, and 350 million yuan respectively [2]. - In terms of net inflow ratios, Cambridge Technology, Founder Technology, and Xuguang Electronics had the highest rates at 38.19%, 22.29%, and 16.79% respectively [3][4].

Market Overview - The Shanghai Composite Index fell by 1.76% on August 27, with only one industry, telecommunications, showing an increase of 1.66%. The beauty and real estate sectors experienced the largest declines, with drops of 3.86% and 3.51% respectively [1]. Capital Flow - The main capital flow in the two markets showed a net outflow of 129.75 billion yuan, with all industries under Shenwan experiencing net outflows. The computer industry had the largest net outflow of 16.31 billion yuan, followed by the pharmaceutical and biological sector with a net outflow of 12.33 billion yuan. Other industries with significant outflows included electronics, automotive, and machinery [1]. Electronics Industry Performance - The electronics sector declined by 0.40%, with a total net outflow of 11.58 billion yuan. Out of 467 stocks in this sector, 109 rose, 6 hit the daily limit, and 353 fell. A total of 138 stocks saw net inflows, with 24 stocks receiving over 100 million yuan in net inflows. The top three stocks with the highest net inflows were Fangzheng Technology (1.22 billion yuan), Changchuan Technology (977 million yuan), and Ruixin Micro (641 million yuan) [1]. Electronics Industry Outflow - Among the stocks with significant net outflows, 46 stocks had outflows exceeding 100 million yuan. The top three stocks with the largest net outflows were Lingyi Technology (-2.96 billion yuan), Shenghong Technology (-818.94 million yuan), and Haiguang Information (-647.22 million yuan) [2]. Notable Stocks in Electronics Sector - The following stocks in the electronics sector had notable performances: - Fangzheng Technology: +9.99%, turnover rate 15.43%, main capital flow 1.22 billion yuan - Changchuan Technology: +16.98%, turnover rate 26.06%, main capital flow 977 million yuan - Ruixin Micro: +10.00%, turnover rate 3.40%, main capital flow 640 million yuan - Other notable stocks included Ziguang Guowei (+0.99%), Industrial Fulian (+0.53%), and Zhaoyi Innovation (+2.74%) [1]. Underperforming Stocks in Electronics Sector - The following stocks in the electronics sector experienced significant declines: - Lingyi Technology: -0.94%, main capital flow -2.96 billion yuan - Shenghong Technology: -1.96%, main capital flow -818.94 million yuan - Haiguang Information: -2.68%, main capital flow -647.22 million yuan - Other underperformers included TCL Technology (-2.51%), Changying Precision (-6.13%), and O-film (-4.08%) [2].

Market Overview - On August 27, the component sector declined by 0.46% compared to the previous trading day, with Jin'an Guoji leading the decline [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers included: - Fangzheng Technology (600601) with a closing price of 8.70, up 9.99% and a trading volume of 6.44 million shares, totaling 5.467 billion yuan [1] - Shennan Circuit (002916) closed at 169.50, up 4.19% with a trading volume of 135,900 shares, totaling 2.342 billion yuan [1] - Major decliners included: - Jin'an Guoji (002636) closed at 13.27, down 6.42% with a trading volume of 565,400 shares, totaling 776 million yuan [2] - Nanya New Materials (688519) closed at 68.68, down 6.34% with a trading volume of 130,600 shares, totaling 916 million yuan [2] Capital Flow - The component sector experienced a net outflow of 1.111 billion yuan from institutional investors, while retail investors saw a net inflow of 1.493 billion yuan [2] - The capital flow for specific stocks showed: - Fangzheng Technology had a net inflow of 1.099 billion yuan from institutional investors, while retail investors had a net outflow of 487 million yuan [3] - Xingsen Technology (002436) had a net inflow of 190 million yuan from institutional investors, but a net outflow of 75.252 million yuan from retail investors [3]

Company Overview - Fangzheng Technology Group Co., Ltd. is located at 1515 Nanjing West Road, Shanghai, and specializes in the design, research and development, production, and manufacturing of PCB products, offering QTA and NPI services [1] - The company's products are widely used in various fields including mobile smart terminals, 5G communications, data centers, and industrial control [1] Financial Performance - For the period from January to March 2025, Fangzheng Technology achieved operating revenue of 0.952 billion yuan, representing a year-on-year growth of 23.68% [1] - The net profit attributable to shareholders for the same period was 78.4772 million yuan, showing a year-on-year increase of 2.04% [1] Market Activity - On August 27, Fangzheng Technology's stock reached a 9.99% limit-up, trading at 8.7 yuan per share, with a transaction volume of 3.059 billion yuan and a turnover rate of 8.78% [1] - The total market capitalization of the company is 37.182 billion yuan [1] - As of March 31, the number of shareholders for Fangzheng Technology was 238,100, with an average of 17,500 circulating shares per shareholder [1]

Group 1 - The CPO concept stocks in the A-share market continue to perform strongly, with notable increases in share prices for companies such as Shijia Photon (up 13.34%), Xinyi Sheng (up 11.60%), and Cambridge Technology (up 10.00%) [1][2] - The total market capitalization of these companies varies significantly, with Xinyi Sheng having a market cap of 312.8 billion and Shijia Photon at 36.6 billion [2] - Year-to-date performance shows substantial growth, with Shijia Photon up 388.17% and Xinyi Sheng up 282.81% [2] Group 2 - Zhongji Xuchuang reported a revenue of 14.789 billion for the first half of 2025, representing a year-on-year growth of 36.95%, and a net profit of 3.995 billion, up 69.40% [2] - The company plans to distribute a cash dividend of 4 yuan per 10 shares based on 1.111 billion shares [2] Group 3 - Cambridge Technology clarified that it does not currently produce chips containing CPO technology, and its related core components are still in the research and design phase, with no business revenue generated yet [3] - The LPO business has sent samples to several North American clients, but the cumulative orders and shipment amounts for the first half of 2025 account for only about 0.03% of the company's revenue during the same period [3] - Investors are advised to rationally assess the company's progress in emerging technologies and not to overinterpret the short-term impact on performance [3]