证券代码：603115 证券简称：海星股份 公告编号：2025-030 南通海星电子股份有限公司 关于控股股东及其一致行动人权益变动触及 5%刻度 的提示性公告 控股股东及其一致行动人保证向本公司提供的信息真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | | | 行动人 | | | | --- | --- | --- | --- | | | □ | 其他直接持股股东 | | | | □ | 控股股东/实控人 | | | 江苏中联科技集团有 |  | 控股股东/实控人的一致 |  913206127037709410 | | 限公司 | 行动人 | | □ 不适用 | | | □ ...

Market Overview - On August 28, the industrial metals sector rose by 0.39% compared to the previous trading day, with Haixing Co. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Performers - Haixing Co. (603115) closed at 19.64, up 5.42% with a trading volume of 144,300 shares and a transaction value of 279 million [1] - Huayu Mining (601020) closed at 24.99, up 4.04% with a trading volume of 539,600 shares and a transaction value of 1.325 billion [1] - Liyuan Co. (002501) closed at 2.36, up 3.51% with a trading volume of 1,865,100 shares and a transaction value of 427 million [1] Underperformers - Tianshan Aluminum (002532) closed at 9.76, down 2.50% with a trading volume of 1,166,600 shares and a transaction value of 1.116 billion [2] - Wanshun New Materials (300057) closed at 6.34, down 1.55% with a trading volume of 769,200 shares and a transaction value of 488 million [2] - Shenhuo Co. (000933) closed at 18.89, down 1.46% with a trading volume of 426,400 shares and a transaction value of 801 million [2] Capital Flow - The industrial metals sector experienced a net outflow of 1.626 billion from institutional investors, while retail investors saw a net inflow of 789 million [2] - The main capital flow data indicates that Huayu Mining had a net inflow of 80.43 million from institutional investors, while Liyuan Co. had a net inflow of 49.66 million [3]

Core Insights - The stock price of Hai Xing Co., Ltd. (603115) closed at 18.3 yuan on August 25, 2025, reflecting a 3.57% increase with a turnover rate of 4.35% and a trading volume of 105,300 lots, amounting to 191 million yuan [1] - The company reported a total revenue of 506 million yuan for Q1 2025, representing a year-on-year growth of 25.53%, and a net profit attributable to shareholders of 22.69 million yuan, up 48.52% year-on-year [1] Financial Performance - Total revenue for Q1 2025: 506 million yuan, up 25.53% year-on-year [1] - Net profit attributable to shareholders: 22.69 million yuan, up 48.52% year-on-year [1] - Non-recurring net profit: 22.65 million yuan, up 145.21% year-on-year [1] - Current ratio: 3.305 [1] - Quick ratio: 2.695 [1] - Debt-to-asset ratio: 22.09% [1] Investment and Intellectual Property - Hai Xing Co., Ltd. has made investments in 5 companies and participated in 18 bidding projects [2] - The company holds 1 trademark and 164 patents, along with 47 administrative licenses [2]

Summary of T&W (603118.SS) Conference Call Company Overview - T&W (603118.SS) specializes in manufacturing networking and telecom equipment, initially focusing on the telecom market and expanding into the data center market. [3][4] - Key clients in the data center sector include Ruijie, H3C, and Inspur. [3] - The company offers ODM (Original Design Manufacturer) and EMS (Electronics Manufacturing Services) solutions, with revenue contributions of 74% and 12% respectively in 2024. [3] Industry Insights - The switch market in China is experiencing a specification upgrade trend, particularly towards 400G and 800G switches, driven by the demand for high-speed transmission due to generative AI adoption. [2][7] - The value of 800G switches is projected to grow significantly, with year-over-year increases of 159% in 2025 and 92% in 2026. [2] - There is a rising demand for customized switch solutions tailored to various AI application scenarios. [2] Key Management Insights 1. **Transition to ODM**: T&W is transitioning from primarily providing EMS solutions for lower-speed switches to ODM solutions for high-speed switches, including the mass production of 800G data center switches. [4][9] 2. **Comprehensive Product Offerings**: The company is flexible in providing various solutions based on client needs, including one-stop ODM solutions and white-box solutions for CSP clients. The dollar content of server business is noted to be higher than that of switches due to higher BOM costs. [8][9] 3. **Business Outlook**: T&W anticipates rapid revenue growth in the server/switch business, particularly in high-end products like AI servers and 400G/800G switches. The company aims to expand its overseas market presence, especially in Europe, as domestic markets become saturated. [9] Financial Projections - Management expects strong revenue growth in the server/switch business by 2025/26, with a focus on high-end products. [1][9] - The company is currently using a net method for revenue recognition, which may affect the perceived revenue contribution from the server/switch business in the short term. [9] Additional Considerations - The company has established overseas production sites in Vietnam and the US, with branches in multiple countries, indicating a strategic approach to global market penetration. [3] - The increasing demand for 400G and 800G switches is expected to benefit T&W as more brand clients outsource manufacturing to third-party suppliers. [7]

Company Overview - Haixing Co., Ltd. specializes in the research, production, and sales of electronic components, with applications in consumer electronics and communication devices [1] - The company is located in Jiangsu Province and operates within the electronic component manufacturing industry [1] Stock Performance - On August 20, Haixing's stock price exhibited volatility, closing at 18.70 yuan, a decrease of 1.06% from the previous trading day [1] - The stock reached a high of 19.33 yuan and a low of 18.36 yuan during the day, resulting in a price fluctuation of 5.13% [1] - The trading volume for the day was 209,600 hands, with a total transaction value of 395 million yuan [1] Market Activity - On August 20, the stock experienced rapid fluctuations, with a rebound of over 2% within 5 minutes around 9:35 AM, reaching 19.15 yuan, followed by a decline of over 2% within 5 minutes around 9:40 AM, dropping to 18.73 yuan [1] - The net outflow of main funds on that day was 34.71 million yuan, accounting for 0.77% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 52.87 million yuan, representing 1.17% of the circulating market value [1]

Core Insights - The stock price of Hai Xing Co., Ltd. (603115) closed at 18.9 yuan on August 19, 2025, reflecting a 10.01% increase with a turnover rate of 7.75% and a trading volume of 187,500 hands, amounting to 340 million yuan in transaction value [1] Financial Performance - For the first quarter of 2025, the company reported total operating revenue of 506 million yuan, representing a year-on-year growth of 25.53% - The net profit attributable to shareholders was 22.69 million yuan, up 48.52% year-on-year - The non-recurring net profit was 22.65 million yuan, showing a significant increase of 145.21% year-on-year - The liquidity ratio stood at 3.305, the quick ratio at 2.695, and the debt-to-asset ratio at 22.09% [1] Company Overview - Hai Xing Co., Ltd. was established in 1998 and is located in Nantong City, primarily engaged in non-ferrous metal smelting and rolling processing - The company has a registered capital of 239.2 million yuan, which is also the paid-in capital - The legal representative of the company is Zhou Xiaobing [1][2] Investment and Intellectual Property - The company has made investments in 5 external enterprises and participated in 18 bidding projects - It holds 1 trademark and 164 patents, along with 47 administrative licenses [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603115 证券简称：海星股份 公告编号：2025-028 南通海星电子股份有限公司 关于2024年股票期权激励计划 第一个行权期行权结果暨股份上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为2,690,400股。 本次股票上市流通总数为2,690,400股。 ● 本次股票上市流通日期为2025年8月11日。 南通海星电子股份有限公司（以下简称"公司"）于2025年6月26日召开了第五届董事会第九次会议、第 四届监事会第十九次会议，会议审议通过了《关于2024年股票期权激励计划第一个行权期符合行权条件 的议案》，现对有关事项说明如下： 一、本次2024年股票期权激励计划的决策程序及相关信息披露 1、2024年6月17日，公司召开第五届董事会第二次会议，会议审议通过了《关于公司〈2024年股票期权 激励计划（草案）〉及其摘要的议案》《关于公司〈2024年股票期权激励计划实 ...

证券代码：603115 证券简称：海星股份 公告编号：2025-028 南通海星电子股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： ? 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 本次股票上市流通总数为2,690,400股。 ? 本次股票上市流通日期为2025 年 8 月 11 日。 南通海星电子股份有限公司（以下简称"公司"）于 2025 年 6 月 26 日召开了 第五届董事会第九次会议、第四届监事会第十九次会议，会议审议通过了《关于 如下： 一、本次2024年股票期权激励计划的决策程序及相关信息披露 《关于公司<2024 年股票期权激励计划（草案）>及其摘要的议案》 《关于公司<2024 年股票期权激励计划实施考核管理办法>的议案》《关于提请股东大会授权董事会 办理股权激励相关事宜的议案》以及《关于召开公司 2024 年第二次临时股东大会 的议案》 ，相关议案已经公司董事会薪酬与考核委员会审议通过。 同日，公司召开第四届监事会第十三次会议，审议通过了《关于公司<202 ...

Core Viewpoint - The announcement indicates a passive dilution of shareholding for the controlling shareholder and its concerted parties due to the implementation of the stock option incentive plan, resulting in a decrease in their shareholding percentage from 66.01% to 65.28% [1][2]. Group 1: Shareholding Changes - The controlling shareholder, Nantong Xinhaixing Investment Group Co., Ltd., and its concerted parties did not change their shareholding numbers, but their percentage ownership was diluted due to the increase in total shares from the stock option plan [1]. - The total shareholding percentage before the change was 66.01%, which decreased to 65.28% after the change, indicating a passive dilution of 0.73% [2]. Group 2: Compliance and Obligations - The change in shareholding does not violate any existing commitments, intentions, or plans made by the controlling shareholder [1]. - The dilution does not trigger any mandatory tender offer obligations [1].

证券代码：603115 证券简称：海星股份 公告编号：2025-029 南通海星电子股份有限公司 关于控股股东及其一致行动人权益变动触及 1%刻度 的提示性公告 控股股东及其一致行动人保证向本公司提供的信息真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 重要内容提示： 权益变动方向 比例增加□ 比例减少 权益变动前合计比例 66.01% 权益变动后合计比例 65.28% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否 是否触发强制要约收购义务 是□ 否 | | 行动人 | | | | --- | --- | --- | --- | | | □ | 其他直接持股股东 | | | | □ | 控股股东/实控人 | | | 江苏中联科技集团有 |  | 控股股东/实控人的一致 |  913206127037709410 | | 限公司 | 行动人 | | □ 不适用 | | | □ | 其他直接持股股东 | | 二、 权益变动触及 1%刻度的基本情况 因公司实施 2024 年股票期权 ...