| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2024-053 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 关于实施 2024 年度权益分派时 "环旭转债"停止转股的提示性公告 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： 证券停复牌情况：适用 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下：自本次权益分派 公告前一交易日（2025 年 5 月 29 日）至权益分派股权登记日间，"环旭转债"将 停止转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113045 | 环旭转债 | 可转债转股停牌 | 2025/5/29 | | | | 一、权益分派方案的基本情况 环旭电子股份有限公司（以下简称"公司"）2024 年度利润分配方案为：公司 拟以 ...

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-052 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 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法律责任。 根据《上市公司股权激励管理办法》《环旭电子股份有限公司股票期权激励 计划(修订稿)》《2023年股票期权激励计划（定稿版）》及中国证券登记结算有限 责任公司上海分公司关于股票期权自主行权的相关规定，并结合环旭电子股份有 限公司（以下简称"公司"）2024年年度利润分配实施计划，现对公司2015年股票 期权激励计划、2023年股票期权激励计划自主行权时间进行限制，具体情况公告 如下： | 股票期权 | 行权期 | 期权代码 | | | | | | | | | | | 行权起止日期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 激励计划 | ...

本报记者 张文湘 冯超表示，上市公司要想提高资者关系管理水平，首先要做到优质的信息披露，并搭建公司内部业务、 财务沟通体系；同时结合投关活动、股东数据等，建立数据资料库，对股东与投资者行为进行分析，再 利用分析结果，改进投关工作或达成投关目标。 冯超还提到，投关工作需要将IR（投资者关系）和PR（公共关系）结合起来。他认为，媒体渠道是投 资者全方位了解公司的重要途径，公司一方面要通过微信公众号等自媒体定期发布公司业务/大事件及 员工风貌等新闻，传播公司企业文化及价值观；另一方面，公司也应积极与财经媒体等大众媒体保持良 好的沟通，解读公司发展规划及行业发展前景等，通过媒体视角展现公司风貌，帮助投资者全面了解公 司，认识公司长期投资价值。 资料显示，环旭电子是一家全球电子设计制造服务厂商，产品主要服务于消费电子、云端存储、工业、 汽车电子和医疗等行业领域。自2012年上市以来，公司一直高度重视投资者关系管理团队建设，形成了 冯 由《证券日报》社有限责任公司主办，中证中小投资者服务中心有限责任公司、中国上市公司协会为支 持单位，北京基金小镇投资者教育基地、东方财富、第一创业证券联合举办的第七届"5·15-5·19中 ...

Group 1 - The core point of the news is the upcoming pre-sale of Raytheon AI smart glasses, starting at a price of 1999 yuan, with advanced features such as 1080P video recording and AI functionalities [1] - The smart glasses are equipped with a 5-microphone array for precise audio capture and include popular software like DeepSeek and Huoshan's intelligent language model for AI voice assistance, real-time translation, and image recognition [1] - Raytheon Technology announced the establishment of an intelligent glasses industry ecosystem alliance with several companies to promote innovation and popularization of smart glasses technology [1] Group 2 - In Q1 2025, global AI smart glasses sales reached 600,000 units, marking a year-on-year increase of 216%, with expectations for continued growth in the market [2] - Counterpoint Research forecasts that the global smart glasses market will see over 60% year-on-year growth by 2025, maintaining a compound annual growth rate of over 60% from 2025 to 2029 [2] - Major manufacturers are accelerating the development of AI smart glasses, with new products expected from companies like Xiaomi and ByteDance in the second quarter of 2025 [2] Group 3 - The first AI smart glasses industry summit was held in Shenzhen on August 23, 2024, leading to significant stock movements in the VR & AR sector, with leading company Skyworth Digital seeing a nearly 70% increase in stock price over two weeks [5] Group 4 - Related concept stocks include manufacturers like Xiaomi Group and Raytheon Technology, as well as various suppliers and component manufacturers such as GoerTek, Hengxuan Technology, and Crystal Optoelectronics [7]

Core Viewpoint - The Apple concept stocks experienced a collective surge due to positive stimuli from the easing of trade tensions [1] Group 1: Stock Performance - Huina Technology saw an increase of over 10% [1] - Chaoyang Technology achieved a second consecutive trading limit increase [1] - Dongni Electronics opened at the daily limit price [1] - Other companies such as Luxshare Precision, GoerTek, and Huanxu Electronics also experienced gains [1]

Core Viewpoint - A-shares related to Apple concept stocks opened collectively higher, indicating positive market sentiment towards these companies [1] Company Performance - Huina Technology surged over 10% at the opening [1] - Chaoyang Technology achieved a second consecutive trading limit increase [1] - Dongni Electronics opened at the daily limit price [1] - Luxshare Precision, GoerTek, and Huankai Electronics also opened higher [1]

Core Viewpoint - The company has maintained its credit rating of "AA+" for both its corporate and bond ratings, with a stable outlook as assessed by the credit rating agency Zhongchengxin [2][5][6]. Group 1: Credit Rating Details - The previous credit rating for the company was "AA+" with a stable outlook, and the same rating applies to the "Huanxu Convertible Bonds" [2][5]. - The tracking credit rating report was issued on May 12, 2025, confirming the company's credit rating and outlook [6]. - The rating agency conducted a comprehensive analysis of the company's operational status and related industry conditions before issuing the report [6].

Core Viewpoint - The credit rating of Huanxu Electronics Co., Ltd. is maintained at AA+ with a stable outlook, reflecting its strong position in the electronic manufacturing services (EMS) industry and robust financial performance despite external challenges [3][5][12]. Company Overview - Huanxu Electronics continues to hold a leading position in the EMS industry, particularly in system-in-package (SiP) miniaturization technology, with a high degree of global capacity layout [3][12]. - The company has achieved growth in production and sales volume during the tracking period, with a significant reduction in cash turnover days and ample liquidity reserves [3][8]. Financial Performance - Total assets are projected to increase from 385.74 billion in 2022 to 399.98 billion in 2024, while total liabilities are expected to decrease from 228.25 billion to 219.39 billion [7][27]. - Operating revenue is forecasted to decline slightly from 685.16 billion in 2022 to 606.91 billion in 2024, with net profit decreasing from 30.60 billion to 16.44 billion during the same period [7][23]. - The company’s EBIT margin is expected to decrease, reflecting pressures from product structure changes and supply chain pricing [23][24]. Market Position and Strategy - Huanxu Electronics ranks 12th among global EMS providers, maintaining a strong market presence [13]. - The company is focusing on enhancing vertical integration and smart manufacturing capabilities while investing in R&D to strengthen its competitive edge [12][13]. Operational Efficiency - The company has improved its operational and management efficiency, leading to a significant reduction in cash turnover days from 51.26 days in 2023 to 41.20 days in 2024 [25]. - The company’s reliance on key suppliers and customers remains high, with the top five customers accounting for 52.93% of sales in 2024 [20][19]. Risks and Challenges - Geopolitical factors and unexpected tariff policies pose significant challenges to the company’s overseas operations and supply chain management [8][10]. - The company faces pressure from high dependency on key suppliers, with the top two suppliers accounting for 47% of procurement [19][20]. Future Outlook - The company is expected to maintain its leading position in the EMS industry, although revenue may experience slight declines due to macroeconomic conditions and market demand fluctuations [28][29]. - Capital expenditure and external financing needs are anticipated to decrease slightly, supported by strong operational cash flow [28].

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-051 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 关于"环旭转债"2025 年跟踪评级结果的公告 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。 环旭电子股份有限公司董事会 2025 年 5 月 13 日 前次债券评级：主体信用等级为"AA+"，评级展望为"稳定"；债项信用等 级为"AA+"。 本次债券评级：主体信用等级为"AA+"，评级展望为"稳定"；债项信用等 级为"AA+"。 根据《公司债券发行与交易管理办法》《上市公司证券发行注册管理办法》《上 海证券交易所公司债券上市规则》等有关规定，环旭电子股份有限公司（以下简 称"公司"）委托信用评级机构中诚信国际信用评级有限责任公司（以下简称"中诚 信"）对公司于 2021 年 3 月向不特定对象发行的可转换公司债券（以下简称"环旭 转债"）进行了跟踪信用评级。 公司前次主体信用评级结果为"AA+"，评级展望为"稳定"； ...

环旭电子股份有限公司 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 0182 号 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品的依据。 中诚信国际不对任何投资者使用本报告所述的评级结果而出现的任何损失负责，亦不对评级委托方、评级对象使用 本报告或将本报告提供给第三方所产生 ...