Core Viewpoint - The company, Shenzhen Gongjin Electronics Co., Ltd., reported a significant increase in net profit and revenue for the first quarter of 2025, indicating strong financial performance despite a slight decline in stock price [1]. Financial Performance - As of the first quarter of 2025, the company achieved total operating revenue of 2.051 billion yuan, representing a year-on-year growth of 6.75% [1]. - The net profit attributable to shareholders was 22.299 million yuan, showing a remarkable year-on-year increase of 267.63% [1]. - The non-recurring net profit was 13.0657 million yuan, with a year-on-year growth of 276.08% [1]. - The company's liquidity ratios were reported as follows: current ratio at 1.315, quick ratio at 1.029, and debt-to-asset ratio at 50.09% [1]. Stock Market Activity - On August 14, 2025, the company's stock closed at 11.55 yuan, down 2.94%, with a turnover rate of 5.43% [1]. - The trading volume was 427,900 hands, with a transaction amount of 497 million yuan [1]. - The net inflow of main funds was 18.764 million yuan, accounting for 3.78% of the transaction amount [1]. - Large orders saw a net inflow of 12.9621 million yuan, while small orders experienced a net outflow of 41.0181 million yuan [1]. Company Background - Shenzhen Gongjin Electronics Co., Ltd. was established in 1998 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [2]. - The company has a registered capital of 7.87276406 billion yuan and is located in Shenzhen [1][2]. - The legal representative of the company is Hu Zumin [1]. Investment and Intellectual Property - The company has made investments in 17 enterprises and participated in 179 bidding projects [2]. - It holds 101 trademark registrations and 1,303 patents, along with 48 administrative licenses [2].

Market Overview - The Shanghai Composite Index closed at 3602.13 points, with a gain of 0.53% [1] - The total trading volume of A-shares reached 10185.93 billion yuan [1] Technical Analysis - A total of 29 A-shares experienced a death cross between the 5-day and 10-day moving averages today [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Xiongdi Technology: 5-day MA down by 1.70% from the 10-day MA [1] - Sanwei Xinan: 5-day MA down by 1.11% from the 10-day MA [1] - Jinling Sports: 5-day MA down by 1.10% from the 10-day MA [1] Individual Stock Performance - Xiongdi Technology (300546): Today's change -0.23%, latest price 26.47 yuan, 5-day MA 27.31 yuan, 10-day MA 27.78 yuan [1] - Sanwei Xinan (688489): Today's change -0.80%, latest price 39.85 yuan, 5-day MA 40.62 yuan, 10-day MA 41.08 yuan [1] - Jinling Sports (300651): Today's change +0.89%, latest price 21.48 yuan, 5-day MA 23.82 yuan, 10-day MA 24.09 yuan [1] - Other notable stocks include: - Huanrui Century (000892): Today's change -0.86%, latest price 4.59 yuan [1] - Junshi Biological (688180): Today's change +0.45%, latest price 37.83 yuan [1] - Yihau New Materials (301176): Today's change -1.64%, latest price 30.65 yuan [1] Additional Stock Data - Other stocks with notable performance include: - Guanghe Technology (001389): Today's change -2.81%, latest price 62.20 yuan [1] - Kehua Data (002335): Today's change -2.13%, latest price 41.44 yuan [1] - ST Ruihe (002620): Today's change +0.26%, latest price 3.84 yuan [1] - The performance of these stocks indicates a mixed sentiment in the market, with some stocks showing declines while others remain stable or increase slightly [1][2]

Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Haining Tongwei Electronics Co., Ltd., to support its business development, increasing the guarantee amount from RMB 10 million to RMB 30 million, with an extended guarantee period until June 2028 [1][4]. Group 1: Guarantee Details - The company signed a supplementary agreement with Haining Tongwei and Shenzhen Deep South Circuit Co., Ltd., providing a joint liability guarantee for debts incurred by Haining Tongwei, with a maximum debt amount of RMB 30 million [1][4]. - The total guarantee amount for the year 2025 is set at RMB 6.15 billion, with Haining Tongwei's current guarantee balance at RMB 3.35 billion after this agreement [2][10]. - The guarantee is intended to support the subsidiary's operational needs, including product delivery, quality, and after-sales service, aligning with the company's strategic goals [8]. Group 2: Internal Decision-Making Process - The company held board meetings on April 28, 2025, and the annual shareholders' meeting on May 20, 2025, to approve the guarantee proposal for the subsidiary [2][9]. - The board unanimously agreed to the guarantee, emphasizing that it is necessary for the subsidiary's operations and that the company can effectively manage associated risks [9]. Group 3: Overall Guarantee Situation - As of the announcement date, the total external guarantee amount provided by the company and its subsidiaries is RMB 49.41 billion, which represents 99.52% of the company's audited net assets for 2024 [10][11]. - The company has not provided guarantees to its controlling shareholders or related parties, and there are no overdue guarantees or litigation-related guarantees [11].

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)