证券代码：603118 证券简称：共进股份 公告编号：2025-031 深圳市共进电子股份有限公司 一、担保情况概述 （一）担保的基本情况 为支持公司全资子公司海宁市同维电子有限公司（以下简称"海宁同维"）的 业务发展，根据其生产经营实际需要，近日，深圳市共进电子股份有限公司（以 下简称"公司"）、海宁同维与深南电路股份有限公司（以下简称"深南电路"）签 署了《补充协议》，公司为海宁同维业务所形成的债务提供连带责任保证担保， 担保涉及合计最高债权额为人民币 3,000 万元。本次协议是原担保合同的补充协 议，担保金额由原来的 1,000 万元增加到 3,000 万元，担保期限延长至 2028 年 6 月。 重要内容提示： 担保对象及基本情况 | | | 被担保人名称 | | 海宁市同维电子有限公司 | | | --- | --- | --- | --- | --- | --- | | | | 本次担保金额 | 3,000 | 万元 | | | 担 保 | 对 | | | | | | 象 | | 实际为其提供的担保余额 | 3.15 | 亿元 | | | | | 是否在前期预计额度内 | 是 | □否 | □ ...

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Shenzhen Gongjin Electronics Co., Ltd. (共进股份), indicating a decline in stock price and a significant increase in net profit [1][3] - As of August 1, 2025, the company's stock closed at 10.87 yuan, down 1.81%, with a trading volume of 326,600 hands and a transaction amount of 357 million yuan [1] - The latest quarterly report shows total revenue of 2.051 billion yuan, a year-on-year increase of 6.75%, and a net profit attributable to shareholders of 22.299 million yuan, up 267.63% [1] Group 2 - The company has a current liquidity ratio of 1.315 and a quick ratio of 1.029, indicating a stable short-term financial position [1] - The debt-to-asset ratio stands at 50.09%, reflecting the proportion of the company's assets that are financed by debt [1] - Shenzhen Gongjin Electronics has made investments in 17 companies and participated in 179 bidding projects, showcasing its active engagement in the market [2]

Group 1 - The F5G concept sector experienced a decline of 0.55%, ranking among the top losers in the concept sector, with notable declines from companies such as Tai Chen Guang, Shi Jia Guang Zi, and Chang Xin Bo Chuang [1][2] - Among the F5G concept stocks, 25 stocks saw price increases, with Jin Xin Nuo, Chuang Wei Digital, and Tian Yi Co., Ltd. leading the gains at 1.53%, 1.40%, and 1.30% respectively [1][2] - The F5G concept sector faced a net outflow of 1.077 billion yuan from main funds, with 27 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 50 million yuan [2][3] Group 2 - The top net outflow stock in the F5G concept was Zhong Ji Xu Chuang, with a net outflow of 221 million yuan, followed by Chang Xin Bo Chuang, Tai Chen Guang, and Shi Jia Guang Zi with net outflows of 216 million yuan, 153 million yuan, and 145 million yuan respectively [2][3] - The top net inflow stocks in the market included Shang Gang Group, Tian Di Technology, and Zhao Chi Shares, with net inflows of 43.19 million yuan, 34.32 million yuan, and 13.92 million yuan respectively [2][3]

Core Insights - The article provides a detailed analysis of various mutual funds managed by the company, highlighting their performance metrics, including annualized returns and significant stock holdings [1][3]. Fund Performance Summary - The "Baoying Nasdaq 100 Index Fund" (QDII) A USD has a scale of 3.47 billion with an annualized return of 12.66% and a Q2 2025 increase of 16.66%, heavily invested in Nvidia (NVDA) with a weight of 8.56% [1]. - The "Baoying Nasdaq 100 Index Fund" (QDII) A RMB also has a scale of 3.47 billion, achieving an annualized return of 17.89% and a Q2 2025 increase of 16.43%, similarly focused on Nvidia [1]. - The "Baoying Xiangyi Regular Open Mixed A" fund has a scale of 1.76 billion with a modest annualized return of 1.92% and a Q2 2025 increase of 0.84%, primarily invested in Nanjing Bank [1]. - The "Baoying Zhongzheng A100 Index Enhanced A" fund has a scale of 1.69 billion, with an annualized return of 5.23% and a Q2 2025 increase of 1.44%, focusing on Kweichow Moutai [1]. Stock Trading Performance - Fund manager Cai Dan achieved a cumulative return of 4.88% during her tenure managing the "Baoying Xiangrui Mixed A" fund, with an average annualized return of 1.17% and a trading success rate of 56.79% across 81 stock adjustments [3]. - Notable stock trading examples include: - "Xinhua Bang" was bought in Q1 2020 and sold in Q3 2021, yielding an estimated return of 223.25% with a company performance growth of 152.36% [4][6]. - "Ningde Times" was held from Q2 2020 to Q1 2021, resulting in a return of 149.16% with a company growth of 185.34% [4]. - "Zijin Mining" was bought in Q2 2023 and has an estimated return of -86.18% despite a company growth of 51.76% [5][8]. ETF Insights - The "Gold Stock ETF" (Product Code: 159562) tracks the CSI Hong Kong and Shanghai Gold Industry Stock Index, showing a recent increase of 0.44% over five days and a price-to-earnings ratio of 20.86 times, with a net inflow of 237.7 million [10].

Summary of Key Points Core Viewpoint - The announcement details the share reduction plan executed by the chairman of Shenzhen Gongjin Electronics Co., Ltd., Hu Zumin, due to personal financial needs, resulting in a decrease in his shareholding in the company. Group 1: Shareholding Information - Before the reduction plan, Hu Zumin held 557,700 shares, representing 0.0708% of the company's total share capital [1] - The current shareholding after the reduction is 418,300 shares, which is 0.0531% of the total share capital [1] Group 2: Reduction Plan Implementation - The reduction plan was first disclosed on April 4, 2025, and was executed from April 28, 2025, to July 16, 2025 [1] - A total of 139,400 shares were sold through centralized bidding, accounting for 0.0177% of the total share capital [1] - The shares were sold at a price of 11.03 yuan per share, totaling 1,537,582.00 yuan [1] Group 3: Compliance with Reduction Plan - The actual reduction was consistent with the previously disclosed plan, and the minimum reduction quantity was achieved [1] - The reduction plan was not terminated early and was completed as scheduled [1]

证券代码：603118 证券简称：共进股份 公告编号：2025-030 深圳市共进电子股份有限公司 董事集中竞价减持股份结果公告 重要内容提示： 董事持股的基本情况 本次减持计划实施前，深圳市共进电子股份有限公司（以下简称"公司"）董 事长胡祖敏先生持有公司股份 557,700 股，占公司总股本的 0.0708%。 减持计划的实施结果情况 2025 年 4 月 4 日，公司披露了《深圳市共进电子股份有限公司董事集中竞 价减持股份计划公告》（公告编号：2025-014）（以下简称"减持计划"），因个人 资金需求，公司董事长胡祖敏先生拟通过集中竞价方式减持公司股份不超过 139,425 股，占公司总股本的 0.0177%。减持期间自 2025 年 4 月 28 日至 2025 年 7 月 25 日，减持价格按减持实施期间的市场价格确定。 公司近日收到董事长胡祖敏先生出具的《股份减持结果告知函》，截至 2025 年 7 月 16 日收盘，胡祖敏先生通过集中竞价方式减持了公司股份 139,400 股， 占公司目前总股本 0.0177%。本次减持计划已实施完毕。 本公司董事会、全体董事及相关股东保证本公告内容不存在任何 ...

[Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant turnaround in profitability for the first half of 2025, with net profit attributable to the parent company projected between RMB 50 million and RMB 70 million Projected Performance for H1 2025 | Metric | Projected Amount (RMB) | | :--- | :--- | | **Net Profit Attributable to Owners of Parent Company** | RMB 50 million to RMB 70 million | | **Net Profit Attributable to Owners of Parent Company After Deducting Non-Recurring Gains and Losses** | RMB 43 million to RMB 63 million | - Compared to the same period last year, the company expects to achieve a turnaround from loss to profit[3](index=3&type=chunk)[5](index=5&type=chunk) - The performance forecast data has not been audited by a certified public accountant[6](index=6&type=chunk) [Prior Period Performance Review](index=1&type=section&id=Item%20II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) In the first half of 2024, the company reported a loss, with net profit attributable to the parent company at RMB -16.4627 million H1 2024 Performance Metrics | Metric (H1 2024) | Amount (RMB) | | :--- | :--- | | **Total Profit** | -RMB 13.6928 million | | **Net Profit Attributable to Owners of Parent Company** | -RMB 16.4627 million | | **Net Profit Attributable to Owners of Parent Company After Deducting Non-Recurring Gains and Losses** | -RMB 49.1952 million | | **Earnings Per Share** | -RMB 0.02 | [Analysis of Forecasted Profitability](index=1&type=section&id=Item%20III.%20Primary%20Reasons%20for%20Current%20Period%20Forecasted%20Profitability) The current period's turnaround to profitability is primarily driven by positive core business performance, including revenue growth, optimized revenue structure, and improved gross profit margin, coupled with a significant reduction in non-recurring gains and losses [Impact of Core Business Operations](index=2&type=section&id=Item%20%28I%29.%20Impact%20of%20Core%20Business%20Operations) Core business operations positively impacted net profit growth through increased overall revenue, optimized revenue structure from higher-margin overseas business, and improved gross profit margin - The company's overall business revenue increased in the first half of 2025[10](index=10&type=chunk) - Benefiting from increased demand for overseas network communication products, the proportion of higher-margin overseas business revenue significantly increased, optimizing the revenue structure[10](index=10&type=chunk) - The company's overall gross profit margin is expected to increase year-on-year in the first half, with a notable quarter-on-quarter improvement in Q2 2025[10](index=10&type=chunk) [Impact of Non-Recurring Gains and Losses](index=2&type=section&id=Item%20%28II%29.%20Impact%20of%20Non-Recurring%20Gains%20and%20Losses) Non-recurring gains and losses are estimated at approximately RMB 7 million, a significant decrease from the prior year, primarily due to a high investment gain in the prior period Non-Recurring Gains and Losses Comparison | Item | H1 2025 (Projected) | H1 2024 (Actual) | | :--- | :--- | :--- | | **Non-Recurring Gains and Losses** | Approx. RMB 7 million | RMB 32.7325 million | - The year-on-year difference primarily results from investment income generated in the prior period due to the waiver of preferential subscription rights for Shanghai Gongjin Microelectronics Technology Co., Ltd., and fair value change losses from the investment in Grankangxi Communication Technology (Shanghai) Co., Ltd[11](index=11&type=chunk) [Risk Disclosure and Other Notes](index=2&type=section&id=Item%20IV.%20Risk%20Disclosure) The company has identified no significant uncertainties affecting the forecast's accuracy and advises investors that final financial data will be based on the official semi-annual report - The company has not yet identified any significant uncertainties affecting the accuracy of this performance forecast[12](index=12&type=chunk) - The above forecast data are preliminary estimates, and the specific accurate financial data will be subject to the company's officially disclosed "Shenzhen Gongjin Electronics Co., Ltd. 2025 Semi-Annual Report"[13](index=13&type=chunk)

共进股份（603118）公告，预计2025年半年度实现归属于母公司所有者的净利润5000万元到7000万元， 与上年同期相比，将实现扭亏为盈。预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的 净利润4300万元到6300万元。 ...

Summary of the Conference Call on Switch Industry and AI Computing Power Industry Overview - The report focuses on the **switch industry**, highlighting its critical role in network interconnection and the growing demand driven by data center construction [4][20]. - The global switch market is projected to grow significantly, with the top five manufacturers holding a substantial market share [4][68]. Key Points and Arguments Market Growth and Demand - The global switch market is expected to grow from **$61.9 billion in 2020** to **$96.8 billion by 2025**, with a **CAGR of 9.4%** [24]. - In China, the market is projected to increase from **¥116.8 billion in 2020** to **¥318 billion by 2025**, with a **CAGR of 22.2%** [24]. - The demand for switches is driven by the increasing data center construction and the need for higher data transfer rates [20][30]. Market Concentration - The top five global switch manufacturers, including **Cisco, Arista, Huawei, HPE, and Xinhua San**, hold **69.6%** of the market share, with Cisco leading at **35.9%** [4][68]. - In China, the top five manufacturers account for **89.7%** of the market, with Huawei at **32.4%** [4][68]. Technological Trends - **White-box technology** is emerging, allowing for hardware-software decoupling, which reduces acquisition and operational costs [31][35]. - The **CPO (Chip-Package-Optical)** switch technology is gaining traction, promising lower power consumption and higher efficiency [36][41]. Chip Market Dynamics - The global Ethernet switch chip market is expected to grow, with commercial vendors driving the majority of the growth [81][86]. - The market is currently dominated by overseas giants, indicating significant room for domestic alternatives [87]. Important but Overlooked Content - The report highlights the **risk factors** including the potential underdevelopment of AI applications, escalating US-China trade tensions, intensified market competition, and the risk of failure in new technology and product development [7]. - The **data center switch market** in China is expected to account for **51.7%** of the total switch market by 2026, indicating a growing reliance on data center infrastructure [30]. Recommendations - The report suggests monitoring companies such as **Sengke Communication, Yutai Micro, Ruijie Networks, Unisplendour, ZTE, and Feiling Kesi** for potential investment opportunities [6]. This summary encapsulates the essential insights from the conference call regarding the switch industry and its intersection with AI computing power, providing a comprehensive overview of market dynamics, technological advancements, and investment opportunities.

证券代码：603118 证券简称：共进股份 公告编号：2025-028 深圳市共进电子股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 20 日 (二)股东大会召开的地点：深圳市坪山区坑梓街道丹梓北路 2 号共进股份 4 栋 8 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 381 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 337,050,918 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 42.8122 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，会议由公司董事长胡祖敏先生主持，采取 现场会议、线上视频及网络投票相结合的方式召开及表决 ...