Core Viewpoint - The event organized by Dongfang Securities aims to enhance investor education and promote rational investment by providing a platform for investors to engage with listed companies, specifically Universal Scientific Industrial Co., Ltd. (环旭电子) [1] Company Overview - Universal Scientific Industrial Co., Ltd. (USI), listed under stock code 601231, is a leading global provider of electronic design and manufacturing services (EMS) [1][2] - The company is headquartered in Zhangjiang, Shanghai, and is a core enterprise under ASE Investment Holding Co., with projected revenue of 60.7 billion RMB in 2024 and over 22,000 employees globally [2] Core Business and Technical Advantages - USI offers a comprehensive D(MS)² service system, focusing on design, manufacturing, and solutions, which includes: - Electronic product design and collaborative development [3] - High-precision manufacturing and global mass production delivery [3] - Miniaturization technology, leading in the SiP (System in Package) module field, applied in advanced smartphones and wearable devices [3][4] - The company provides customized solutions for vertical industries such as cloud, industrial, and automotive sectors [4] Leadership in SiP Technology - USI is recognized as a global leader in SiP modules, having achieved mass production of micron-level packaging technology, enhancing client products in performance, size, and energy efficiency [4] - Notable applications include: - Core modules for smartwatches and TWS earphones for international brands [4] - SiP module services for leading smart glasses products [4] - Automotive-grade packaging modules used in ADAS and intelligent cockpit systems [4] Global Manufacturing and Agile Supply Chain - The company has established a "global platform + localized service" operational model centered in the Asia-Pacific region, offering: - Flexible manufacturing service options for clients [4] - 48-hour rapid response to key customer demands [4] - An intelligent logistics system covering vendor-managed inventory (VMI) and cross-border bonded warehousing [4] Sustainable Development and Future Strategy - USI is committed to low-carbon development, aiming for "net-zero emissions" by 2040 [4] - The company is investing in smart manufacturing and has set standards for "five-star factories," actively adopting Industry 4.0 practices [4] - USI has been recognized for three consecutive years as one of the top 1% in ESG ratings among Chinese enterprises, indicating a strong commitment to environmental, social, and governance standards [4] - The integration of "AI+" in consumer electronics is expected to drive high growth for USI's SiP business, alongside innovative business layouts for future potential [4]

Group 1 - Semiconductor Manufacturing International Corporation (SMIC) reported unaudited results for the three months ending June 30, 2025, with Q2 sales revenue of $2.209 billion, a year-on-year increase of 16.2%, but a quarter-on-quarter decrease of 1.7% [1][2] - SMIC's Q2 gross margin was 20.4%, reflecting a quarter-on-quarter decline of 2.1 percentage points, while the capacity utilization rate was 92.5%, showing a quarter-on-quarter increase of 2.9 percentage points [1][2] - Hua Hong Semiconductor reported Q2 sales revenue of $566 million, a year-on-year increase of 18.3% and a quarter-on-quarter increase of 4.6%, with a gross margin of 10.9%, up 0.4 percentage points year-on-year and 1.7 percentage points quarter-on-quarter [2] Group 2 - Taiwan Semiconductor Manufacturing Company (TSMC) reported July revenue of NT$323.166 billion, a year-on-year increase of 25.8% and a quarter-on-quarter increase of 22.5%, with cumulative revenue from January to July reaching NT$2.096 trillion, a year-on-year increase of 37.6% [1][2] - ASE Technology Holding Co., Ltd. reported July revenue of NT$49.11 billion, a year-on-year decrease of 8.81%, but a month-on-month increase of 7.08%, with cumulative revenue from January to July at NT$321.25 billion, a year-on-year decrease of 1.97% [3] - Industrial Fulian reported H1 2025 revenue of NT$5.464 billion, a year-on-year increase of 45.21%, with net profit attributable to shareholders of NT$12.113 billion, up 38.61% year-on-year [3] - Haiguang Information reported H1 2025 revenue of NT$360.76 billion, a year-on-year increase of 35.58%, with net profit attributable to shareholders of NT$1.201 billion, up 40.78% year-on-year [3] - Biwei Storage reported H1 2025 revenue of NT$3.912 billion, a year-on-year increase of 13.70%, but a net loss attributable to shareholders of NT$226 million [3]

Group 1 - The Tonghuashun Guo Index concept rose by 3.09%, ranking 6th among concept sectors, with 17 stocks increasing in value, including Huanxu Electronics, Dongshan Precision, and Lens Technology, which rose by 9.14%, 6.39%, and 6.03% respectively [1][2] - The concept sectors with the highest gains included PEEK materials at 5.99%, MicroLED at 3.32%, and Tianjin Free Trade Zone at 3.27%, while the sectors with declines included the China Shipbuilding System at -1.24% and Gold at -0.28% [2] - The Tonghuashun Guo Index concept saw a net inflow of 2 billion 8 million yuan from main funds, with 13 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflow, led by Dongshan Precision with a net inflow of 602 million yuan [2][3] Group 2 - The main fund inflow ratios were led by Huanxu Electronics, Dongshan Precision, and Zhongshi Technology, with net inflow rates of 15.71%, 12.44%, and 10.07% respectively [3][4] - The top stocks by main fund inflow included Dongshan Precision, with a daily increase of 6.39% and a turnover rate of 6.35%, followed by Goer Technology and Luxshare Precision with inflows of 435 million yuan and 316 million yuan respectively [3][4] - The stocks with the largest declines included Industrial Fulian at -0.66%, Lante Optics at -0.28%, and Changying Precision at -0.20% [1][4]

Core Points - The company reported a consolidated revenue of RMB 4,911,123,988.94 for July 2025, representing a decrease of 8.81% compared to the same month last year, but an increase of 7.08% compared to June 2025 [1] - For the period from January to July 2025, the consolidated revenue totaled RMB 32,124,825,282.54, which is a decrease of 1.97% compared to the same period last year [1] Financial Summary - July 2025 consolidated revenue: RMB 4,911,123,988.94, down 8.81% year-on-year, up 7.08% month-on-month [1] - January to July 2025 consolidated revenue: RMB 32,124,825,282.54, down 1.97% year-on-year [1]

人民财讯8月8日电，环旭电子（601231）8月8日晚间公告，公司2025年7月合并营业收入为49.11亿元， 较去年同期的合并营业收入减少8.81%，较2025年6月合并营业收入环比增加7.08%。公司2025年1月至7 月合并营业收入为321.25亿元，较去年同期的合并营业收入减少1.97%。 ...

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-069 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 2025 年 7 月营业收入简报 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。 特别提示：本简报所载财务数据为初步核算数据，未经会计师事务所审计， 最终数据以公司定期报告为准，请投资者注意投资风险。 环旭电子股份有限公司（以下简称"公司"）2025 年 7 月合并营业收入为人 民币 4,911,123,988.94 元，较去年同期的合并营业收入减少 8.81%，较 2025 年 6 月合并营业收入环比增加 7.08%。 公司 2025 年 1 月至 7 月合并营业收入为人民币 32,124,825,282.54 元，较去年 同期的合并营业收入减少 1.97%。 环旭电子股份有限公司董事会 2025 年 8 月 9 日 1 ...

环旭电子（601231）(601231.SH)发布公告，公司2025年7月合并营业收入为人民币49.11亿元，较去年同 期的合并营业收入减少8.81%，较2025年6月合并营业收入环比增加7.08%。 ...

Group 1 - Recent data indicates a surge in international capital reallocating towards Chinese assets, with nearly 60% of sovereign wealth funds prioritizing China as an investment market [1][2] - Korean investors have shown increasing enthusiasm for Chinese stocks, with a cumulative trading volume of $5.764 billion in 2023, making China the second-largest overseas investment destination for Korean investors [2] - UBS's survey reveals that 19% of global family offices plan to increase their allocation to Chinese assets, marking a 3 percentage point increase from 2024 [2] Group 2 - In July, five major overseas Chinese stock ETFs attracted over $2 billion in investments, with significant growth in assets under management for several ETFs [3] - Sovereign wealth funds are driven to allocate to Chinese assets due to attractive local returns, diversification benefits, and expanded market access for foreign investors [3] Group 3 - The Chinese economy's recovery has exceeded market expectations, bolstered by rapid policy responses to stabilize expectations and stimulate growth, enhancing international investor confidence [4] - China has made significant advancements in technology and innovation, leading to a re-evaluation of asset valuations by international investors [4] Group 4 - As of August 1, four A-share stocks have over 24% foreign ownership, indicating strong foreign interest in companies with global competitiveness [5] - Foreign investors are selectively investing in growth stocks, focusing on companies with sustainable performance and expanding market shares [6] Group 5 - Foreign capital is favoring high-dividend stocks and growth stocks, reflecting a dual strategy of defense and offense in investment [7] - High-dividend stocks are recognized for their stable cash flows and strong governance, while growth stocks represent long-term bets on China's economic transformation [8]

Group 1 - The company has approved a share repurchase plan with a total amount not less than RMB 150 million and not exceeding RMB 300 million, with a repurchase period from April 25, 2025, to April 24, 2026, and an initial price cap of RMB 20.00 per share, later adjusted to RMB 19.77 per share due to a dividend distribution [1] Group 2 - As of the end of July 2025, the company has repurchased a total of 722,500 shares, accounting for approximately 0.03% of the total share capital, with a total expenditure of RMB 10,629,177.00, excluding transaction fees [2] - The highest purchase price was RMB 16.13 per share, and the lowest was RMB 13.96 per share during the repurchase period [2] Group 3 - The company's share repurchase progress complies with relevant laws and regulations as well as the company's repurchase plan requirements [3]

Group 1 - The company has approved a share repurchase plan with a total fund of no less than RMB 150 million and no more than RMB 300 million, with a repurchase period from April 25, 2025, to April 24, 2026, and an initial price cap of RMB 20.00 per share, later adjusted to RMB 19.77 per share due to a dividend distribution [2][3] - As of the end of July 2025, the company has repurchased a total of 722,500 shares, accounting for approximately 0.03% of the total share capital, with a total payment of RMB 10,629,177.00, excluding transaction fees [3][4] - The repurchase progress complies with relevant laws and regulations as well as the company's repurchase plan requirements [4] Group 2 - The company will continue to make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [5]