Group 1 - The AI computing power sector in A-shares has experienced significant growth, with major companies like Industrial Fulian (601138) hitting the daily limit for two consecutive days, and CPO giants such as Xinyi Sheng (300502) and Zhongji Xuchuang (300308) rising over 8% [1] - The 5G communication ETF increased by 5.1%, while the AI-focused ETF from the ChiNext market rose by 4.27%, indicating strong investor interest in AI and related technologies [1] Group 2 - Notable stock performances include Cambridge Technology (603083) and Jingwang Electronics (603228), both achieving a 10% increase, while other companies like Fangzheng Technology (600601) and Lian Te Technology (301205) also saw significant gains [2] - Oracle's stock surged nearly 36% after its earnings report, with its cloud business growth forecast raised from 70% to 77%, and a $300 billion computing power agreement signed with OpenAI [2] Group 3 - Citigroup has raised the target price for "Yizhong Tian," suggesting that despite recent price increases in Chinese optical module stocks, the visibility of demand through 2027 warrants a reevaluation to over 20 times the price-to-earnings ratio [3] Group 4 - The 5G communication ETF (515050) is primarily weighted towards communication equipment, consumer electronics, and optical modules, while also covering AI computing hardware and PCB companies [4] - The ChiNext AI ETF (159381) has the highest CPO content and lowest fee rate, including major stocks like Xinyi Sheng and Zhongji Xuchuang [4] - The AI ETF (515070) covers the entire AI industry chain, including AI chips, computing infrastructure, and algorithm applications [4]

9月11日，景旺电子涨6.84%，截至发稿，报60.90元/股，成交12.18亿元，换手率2.10%，总市值574.16 亿元。 资料显示，深圳市景旺电子股份有限公司位于广东省深圳市光明区凤凰街道东坑社区光源三路158号景 旺电子大厦，成立日期1993年3月9日，上市日期2017年1月6日，公司主营业务涉及印制电路板的研发、 生产和销售业务。主营业务收入构成为：印制电路板94.67%，其他(补充)5.33%。 从基金十大重仓股角度 数据显示，京管泰富基金旗下1只基金重仓景旺电子。京管泰富创新动力混合发起A（022336）二季度 持有股数3.62万股，占基金净值比例为3.02%，位居第六大重仓股。根据测算，今日浮盈赚取约14.12万 元。 京管泰富创新动力混合发起A（022336）成立日期2024年12月24日，最新规模4964.68万。今年以来收益 18.4%，同类排名4085/8175；成立以来收益18.41%。 京管泰富创新动力混合发起A（022336）基金经理为曹勇志。 截至发稿，曹勇志累计任职时间262天，现任基金资产总规模5011.13万元，任职期间最佳基金回报 17.28%， 任职期间最差基金回报 ...

Group 1 - The core viewpoint is that computing hardware stocks, including CPO and PCB, have seen a significant rise, with specific companies like Qihui Fushi hitting the daily limit increase [1] - Companies such as Jingwang Electronics and Qingshan Paper also previously reached their daily limit increase, indicating strong market performance [1] - Other notable performers include Zhongji Xuchuang, Xinyi Sheng, and Shengyi Electronics, which have shown substantial gains [1]

（文章来源：每日经济新闻） 每经AI快讯，9月11日，A股PCB概念股延续强势，景旺电子2连板，东材科技、鼎泰高科、东山精密、 宏和科技、胜宏科技等涨超5%。 ...

Core Viewpoint - The company announced the repurchase and cancellation of 342,648 restricted stocks due to certain incentive recipients no longer qualifying and not meeting performance standards for the 2024 fiscal year [2][5][6]. Group 1: Reasons for Repurchase - The repurchase is necessitated by the departure of some incentive recipients and the failure of others to meet personal performance assessments for the 2024 fiscal year [2][5]. - The decision was made during board meetings held on May 26, 2025, and July 9, 2025, where the company approved the repurchase of 165,000 and 177,648 restricted stocks respectively [3][4]. Group 2: Repurchase Details - A total of 123 individuals are involved in this repurchase, with the remaining restricted stocks under the 2024 incentive plan totaling 9,061,640 shares after the cancellation [6]. - The company has set up a dedicated account for the repurchase and expects the cancellation process to be completed by September 15, 2025 [6]. Group 3: Impact on Company Structure - Following the repurchase, the company's share capital structure will be adjusted, although the final figures will depend on additional factors such as conversions from convertible bonds and stock options [6]. Group 4: Compliance and Commitments - The board confirmed that the decision-making process and disclosures comply with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [7]. - The company has committed to transparency regarding the repurchase and has not received objections from the affected incentive recipients [7]. Group 5: Legal Opinions - Legal counsel has confirmed that the repurchase has received necessary authorizations and complies with applicable regulations, with further steps required for formal registration of capital reduction [8].

2025年5月26日，公司召开第四届董事会第二十九次会议、第四届监事会第十九次会议，审议通过回购 注销及注销部分股票期权议案。5月27日，公司就回购注销事项通知债权人，45日内未接到相关债权人 要求。7月9日，第四届董事会第三十一次会议、第四届监事会第二十次会议，再次审议通过相关议案。 7月10日，公司再次通知债权人，同样45日内无相关要求。律师认为，截至法律意见书出具日，回购注 销事项已取得现阶段必要授权和批准，符合相关规定。 景旺电子近日发布关于2024年股票期权与限制性股票激励计划回购注销部分限制性股票实施相关事项的 法律意见书，一系列操作引发市场关注。 激励计划推进历程回顾 2024年4月19日，景旺电子召开第四届董事会第十八次会议，审议通过《2024年股票期权与限制性股票 激励计划（草案）》等相关议案。同日，第四届监事会第十次会议也审议通过相关议案。4月23日 - 5月 3日，公司对首次授予部分激励对象进行公示。5月20日，2023年年度股东大会审议通过激励计划相关议 案。6月13日，第四届董事会第二十次会议与第四届监事会第十二次会议，分别审议通过调整激励计划 及授予相关议案。 回购注销事项的批准与 ...

Market Overview - On September 10, the A-share market closed with a total of 65 stocks hitting the daily limit, with 49 stocks hitting the limit after excluding 16 ST stocks, resulting in an overall limit rate of 71.43% [1] Top Performing Stocks - Liou Co. had the highest limit order volume with 804,900 hands, followed by Qingshan Paper, Zhuolang Intelligent, and Kuangda Technology with limit order volumes of 388,200 hands, 345,400 hands, and 335,900 hands respectively [2] - Tianpu Co. achieved an 11-day consecutive limit, while Shoukai Co. had 6 consecutive limits, and several other stocks had 2 to 3 consecutive limits [2] Key Drivers for Stock Performance - Liou Co. focuses on AI and marketing, emphasizing the integration of AI with marketing services through its self-developed AIGC platform "LEOAIAD" [2] - Tianpu Co.'s stock surge is attributed to the proposed acquisition by Zhonghao Xinying, resumption of trading, and a small circulation [3] - Industrial Fulian's stock performance is driven by AI server growth and share buybacks [3] PCB Industry Highlights - Several stocks in the PCB (Printed Circuit Board) sector, including Dongshan Precision and Jingwang Electronics, hit the limit, with Dongshan Precision ranked second globally in flexible circuit boards and third in PCBs according to Prismark [3][4] - Jingwang Electronics has established itself as the largest automotive PCB supplier globally as of 2024 [4] eSIM Developments - The release of Apple's iPhone Air, which only supports eSIM, indicates a growing trend in eSIM technology [5] - Companies like Rihai Intelligent and Erli San are actively developing eSIM solutions for IoT applications [6][7] Oil Service Sector - Shandong Molong and Zhun Oil Co. are key players in the oil service sector, providing equipment and technical services for oil and gas extraction [8] Institutional and Retail Investment Trends - Institutions have shown significant interest in stocks like Liou Co., Dongshan Precision, and Xiaocheng Technology, with net purchases exceeding 3 billion yuan [9][10] - Retail investors have also actively traded stocks like Liou Co. and Enjie Co., indicating strong market interest [12]

| 证券代码：603228 | 证券简称：景旺电子 | 公告编号:2025-104 | | --- | --- | --- | | 债券代码：113669 | 债券简称：景 转债 23 | | 深圳市景旺电子股份有限公司 关于股权激励限制性股票回购注销实施公告 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： 回购注销的原因： 部分激励对象因离职而不再具备激励对象资格、部分激励对象因 2024 年度 个人绩效考核结果对应的个人层面考核未完全达标，公司需对已授予但尚未解除 限售的限制性股票合计 342,648 股予以回购注销。 本次注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | | 342,648 | 342,648 | 2025 | 年 9 | 月 | 15 日 | 一、本次限制性股票回购注销的决策与信息披露 1、2025 年 5 月 26 日，深圳市景旺电子股份有限公司（以下简称"公司 ...

2024 年股票期权与限制性股票激励计划 回购注销部分限制性股票实施相关事项的 法律意见书 北京观韬（深圳）律师事务所 法律意见书 北京观韬（深圳）律师事务所 关于深圳市景旺电子股份有限公司 北京观韬（深圳）律师事务所 关于深圳市景旺电子股份有限公司 2024年股票期权与限制性股票激励计划 回购注销部分限制性股票实施相关事项的法律意见书 观意字2025SZ000075号 致：深圳市景旺电子股份有限公司 北京观韬（深圳）律师事务所(以下简称"本所")接受深圳市景旺电子股份 有限公司(以下简称"景旺电子"或"公司")的委托，就公司2024年股票期权与 限制性股票激励计划（以下简称"本次激励计划"）回购注销部分限制性股票实 施相关事项（以下简称"本次回购注销"），出具本法律意见书。 本所律师依据《中华人民共和国公司法》(以下简称"《公司法》")、《中 华人民共和国证券法》(以下简称"《证券法》")，中国证券监督管理委员会(以 下简称"中国证监会")颁布的《上市公司股权激励管理办法》(以下简称"《管 理办法》")等法律、行政法规、部门规章及规范性文件和《深圳市景旺电子股 份有限公司章程》（以下简称"《公司章程》"）、 ...

Market Overview - The A-share market is showing a "strong Shanghai, weak Shenzhen, and index differentiation" pattern, with total trading volume in the Shanghai and Shenzhen markets at 1.98 trillion, a decrease of 140.4 billion compared to the previous trading day, indicating a lack of trading activity and insufficient capital inflow [1] - The market is experiencing rapid rotation of hotspots, with the number of rising and falling stocks being roughly equal [2] Economic Data - The National Bureau of Statistics released the August CPI data, which presents a mixed picture [3] - In August, the consumer price index (CPI) decreased by 0.4% year-on-year and remained flat month-on-month. Specifically, urban prices fell by 0.3% and rural prices by 0.6%. Food prices dropped by 4.3%, while non-food prices increased by 0.5%. The average CPI from January to August decreased by 0.1% compared to the same period last year [4] - The decline in food prices, particularly for pork and fresh vegetables, is the main reason for the negative year-on-year CPI, reflecting ample agricultural supply but also indicating weak basic consumer demand [4] Sector Insights - Certain sectors such as seasoning, beer, dairy, and meat products, as well as agriculture and livestock farming, may face negative impacts due to the current economic environment [5] - There is a growing preference for stable, high-dividend assets, akin to "bond-like" investments, as evidenced by the performance of sectors like banking, insurance, coal, electricity, public utilities, and highways, which have risen against the trend [6] - The continuous improvement in core CPI, particularly the rise in service prices, indicates resilient demand in service consumption sectors such as tourism, hospitality, dining, and entertainment, which are closely correlated with core CPI trends [6] Stock Performance - Industrial giant "Industrial Fulian" hit the daily limit, with a collective rebound in computing hardware stocks, including Industrial Fulian, Dongshan Precision, and Jingwang Electronics [7] - Positive news from the AI sector has significantly stimulated related concept stocks, including a 27% post-market surge for Oracle, which anticipates a 77% growth in cloud infrastructure revenue for fiscal year 2026, and OpenAI's projected revenue doubling this year [8] - Nvidia's announcement of a new GPU designed for AI workloads further supports the bullish sentiment in the AI sector, with expectations of policy catalysts enhancing market emotions in the short term, despite potential differentiation in previously high-performing segments [8]