Core Viewpoint - The company, ChaoYing Electronics, has announced a significant investment plan to expand its production capabilities in high-end printed circuit boards (PCBs) for applications such as routers, AI servers, switches, and AI acceleration cards, with an investment of approximately 1.468 billion RMB in Thailand [1][2]. Company Summary - ChaoYing Electronics, established in 2015, specializes in the research, production, and sales of printed circuit boards (PCBs) [1]. - The company successfully went public on the Shanghai Stock Exchange on October 24, 2023, after receiving regulatory approval [1]. Investment Plan - The investment will be made by ChaoYing's wholly-owned subsidiary in Thailand, Dynamic Technology Manufacturing (Thailand) Co., Ltd., to construct an AI computing high-end PCB expansion project in the 304 Industrial Park in Prachinburi, Thailand [1][2]. - The project aims to enhance the production scale of high-end multi-layer and advanced PCBs, improve the company's ability to handle overseas orders, and quickly respond to customer demands [2]. Market Context - The global automotive industry is rapidly transitioning towards electrification, intelligence, and connectivity, leading to an expanding market for PCBs as core electronic components in vehicles [2]. - The prospect of increased PCB usage in electric vehicles is significant, as the electronic components in new energy vehicles account for a much higher proportion of overall vehicle costs compared to traditional vehicles [2]. Financial Performance - For the first three quarters of 2025, ChaoYing Electronics reported a main revenue of 3.378 billion RMB, a year-on-year increase of 10.71%, while the net profit attributable to shareholders decreased by 12.14% to 212 million RMB [3]. - The decline in net profit is attributed to the initial production phase of the Thai subsidiary, resulting in higher production costs and a decrease in gross profit margin [3]. - The company plans to focus on improving operational efficiency and implementing technological upgrades in its production processes over the next three years [3].

Core Viewpoint - ChaoYing Electronics (603175) experienced a 2.21% increase in stock price today, with a turnover rate of 30.93% and a trading volume of 1.034 billion yuan, indicating significant trading activity and interest from institutional investors [2][3]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to its high turnover rate, with institutional investors net buying 35.8641 million yuan [2]. - The top five trading departments accounted for a total transaction volume of 286 million yuan, with net buying of 14.924 million yuan [2]. - Among the trading departments, one institutional seat was the largest buyer, contributing 35.8641 million yuan in net purchases [3]. Fund Flow - The stock saw a net inflow of 67.7504 million yuan from major funds today, with large orders contributing 39.6005 million yuan and big orders adding 28.1498 million yuan [3]. - Over the past five days, the stock has experienced a net inflow of 45.9435 million yuan from major funds [3]. Financial Performance - For the first three quarters, ChaoYing Electronics reported a revenue of 3.378 billion yuan, reflecting a year-on-year growth of 10.71%, while net profit decreased by 12.14% to 212 million yuan [3].

Core Viewpoint - The company has made significant governance changes, including the cancellation of the supervisory board, amendments to its articles of association, and a capital increase, which are aimed at enhancing operational efficiency and aligning with its new status as a publicly listed company [2][43]. Group 1: Board Meeting and Resolutions - The first board meeting of the company was held on November 10, 2025, with all five directors present, confirming the legality of the meeting [1][4]. - The board approved the cancellation of the supervisory board and the amendment of various governance documents, which will take effect upon shareholder approval of the new board election [2][44]. - The board also approved a capital increase from RMB 384.529321 million to RMB 437.029321 million, changing the company type to "publicly listed company" [7][45]. Group 2: Governance Changes - The company confirmed the cancellation of the supervisory board, with its functions being transferred to the audit committee of the board [46]. - Amendments to the articles of association and other governance documents were approved, which will take effect after the election of the new board [48][49]. Group 3: Board Elections - The board proposed candidates for the second board, including three non-independent directors and two independent directors, pending shareholder approval [9][14]. - The voting results for the nominations were unanimous in favor, with no objections [10][16]. Group 4: Financial Management - The company plans to use RMB 274.45 million of raised funds to replace pre-invested self-raised funds in projects and RMB 8.75 million for issuance costs, complying with regulations [21][34]. - The total amount raised from the public offering was RMB 896.7 million, with a net amount of RMB 803.16 million after deducting issuance costs [34][44]. Group 5: Capital Expenditure and Projects - The board approved a capital expenditure plan of RMB 300 million for the period until December 31, 2026, focusing on fixed asset procurement and improvements [28]. - The company will invest in an AI computing high-end printed circuit board expansion project, with the authority to manage the project delegated to the general manager [25].

Core Viewpoint - ChaoYing Electronics has announced a significant investment plan to expand its production capacity in Thailand, focusing on high-end printed circuit boards (PCBs) for various applications, including routers and AI servers, to enhance its international competitiveness and market presence [1][2] Group 1: Investment Plan - ChaoYing Electronics plans to invest approximately 1.468 billion yuan in an AI computing power PCB expansion project at its subsidiary in Thailand [1] - The funding for this project will come from the company's own or self-raised funds, aimed at expanding production capacity and introducing advanced production equipment [1] - The project will establish a professional production management team in Thailand to support the expansion [1] Group 2: Business Overview - ChaoYing Electronics specializes in the R&D, production, and sales of printed circuit boards, with applications in automotive electronics, displays, storage, consumer electronics, and communications [1] - The company offers a wide range of PCB products, from double-sided boards to 26-layer boards, including HDI boards, thick copper boards, metal substrates, and high-frequency high-speed boards [1] Group 3: Market Position and Clientele - ChaoYing Electronics is recognized as a national high-tech enterprise with core independent intellectual property rights and is among the top ten global automotive electronics PCB suppliers and the top five in China [2] - The company has established stable partnerships with major clients in various sectors, including automotive, display, storage, consumer electronics, and communications, collaborating with renowned companies such as Tesla, Bosch, and Apple [2]

Group 1: Company Announcements - ChaoYing Electronics' wholly-owned subsidiary plans to invest 1.468 billion RMB in an AI computing high-end printed circuit board expansion project in Thailand, aiming to enhance its product layout in high-end PCB applications such as routers and AI servers [1] - DeMingLi is in the process of planning a refinancing matter, which is still in the internal communication stage without a clear plan or determined financing amount [1] - *ST YuanCheng's stock has triggered mandatory delisting due to a market capitalization below 500 million RMB for 20 consecutive trading days, leading to a suspension of trading starting November 11, 2025 [1] Group 2: Investment and Cooperation - ZhongBei Communication signed a framework agreement for comprehensive computing services worth 1 billion RMB with Hongxin Electronics, with a service period of 60 months [2] - ShangTai Technology plans to invest approximately 4.07 billion RMB in a project to produce 200,000 tons of lithium-ion battery anode materials in Shanxi Province [3] Group 3: Clinical Trials and Approvals - Maiwei Bio's innovative drug 9MW3811 injection for pathological scars has received approval for a Phase II clinical trial, with plans to start by the end of 2025, positioning it as the first IL-11 targeted drug in this indication [3]

Core Viewpoint - The company announced the approval of an investment project for the expansion of AI computing high-end printed circuit boards in Thailand, indicating a strategic move to enhance its production capabilities in the AI sector [2]. Investment Details - The total investment amount for the project is estimated to be 146,779.75 million RMB or equivalent foreign currency, subject to approval by relevant government authorities [2]. - The project will be developed by the company's wholly-owned subsidiary, Dynamic Technology Manufacturing (Thailand) Co., Ltd., located in the 304 Industrial Park in Prachinburi, Thailand [2].

证券日报网讯 11月10日晚间，超颖电子发布公告称，公司第一届董事会第三十次会议审议通过《关于 董事会换届选举暨提名第二届董事会非独立董事候选人的议案》和《关于董事会换届选举暨提名第二届 董事会独立董事候选人的议案》，同意提名黄铭宏、邱垂明、刘国瑾为公司第二届董事会非独立董事候 选人，提名王世铭、李岱隆为公司第二届董事会独立董事候选人。 （文章来源：证券日报） ...

Core Viewpoint - ChaoYing Electronics has announced a significant investment plan to expand its production capacity for high-end printed circuit boards (PCBs) in Thailand, aiming to enhance its international competitiveness and meet growing market demands [1][2]. Group 1: Investment Plan - The company plans to invest approximately 1.468 billion yuan in an AI computing high-end PCB expansion project at the 304 Industrial Park in Prachinburi, Thailand [1]. - Funding for the project will come from the company's own or self-raised funds, focusing on expanding production facilities and introducing advanced production equipment [1]. - The project aims to establish a professional production management team in Thailand, enhancing the company's ability to respond quickly to customer needs and increasing its production scale for high-end multi-layer and advanced PCBs [1][2]. Group 2: Business Overview - ChaoYing Electronics specializes in the R&D, production, and sales of printed circuit boards, with applications in automotive electronics, displays, storage, consumer electronics, and communications [1]. - The company ranks 23rd among comprehensive PCB enterprises in China and is recognized as one of the top ten automotive electronic PCB suppliers globally [2]. - Major clients in the automotive electronics sector include renowned suppliers such as Continental, Valeo, Bosch, and Tesla [2]. Group 3: Client Relationships - In the display sector, ChaoYing has established stable partnerships with leading manufacturers like BOE and LG Group [2]. - The company has also built strong relationships with key players in the storage industry, including Seagate, Western Digital, and SK Hynix [2]. - In the consumer electronics and communications fields, notable clients include Logitech, Apple, Broadcom, and several global EMS companies [3].

Group 1 - The core point of the article is that Chaoying Electronics (SH 603175) held its 30th board meeting on November 10, 2025, to discuss its capital expenditure plan [1] - For the year 2024, the revenue composition of Chaoying Electronics is as follows: automotive electronics accounts for 65.65%, display accounts for 10.46%, storage accounts for 7.66%, communication accounts for 6.88%, and consumer electronics accounts for 4.55% [1] - As of the time of reporting, the market capitalization of Chaoying Electronics is 31.6 billion yuan [1]

Core Viewpoint - The company, Chaoying Electronics, is investing approximately 1.468 billion RMB in an AI computing high-end printed circuit board expansion project in Thailand to enhance its core competitiveness and sustainable development capabilities in the global PCB market [1] Group 1: Investment and Expansion - The investment aims to accelerate the company's layout in high-end printed circuit board products for applications such as routers, AI servers, switches, and AI acceleration cards [1] - The project aligns with the company's development strategy to deepen its international market presence and expand overseas business [1] Group 2: Market Position and Competitiveness - The expansion project is crucial for the company to seize market opportunities and avoid missing out on industry trends [1] - The investment will help increase production capacity, strengthen overseas production capabilities, and improve the company's market position abroad [1] Group 3: Strategic Importance - The project is significant for enhancing the company's overseas supply chain system and delivery capabilities [1] - It will deepen strategic cooperation with international clients, contributing to rapid growth in company performance and substantial profit increases [1]