Market Overview - The component sector increased by 0.42% on November 3, with Xiehe Electronics leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Top Gainers - Xiehe Electronics (605258) closed at 37.91, up 10.01% with a trading volume of 73,600 shares and a transaction value of 269 million [1] - Tianjin Pulin (002134) closed at 22.23, up 10.00% with a trading volume of 176,000 shares and a transaction value of 380 million [1] - Jingwang Electronics (603228) closed at 77.20, up 6.34% with a trading volume of 520,300 shares [1] Top Losers - Jin'an Guoji (002636) closed at 14.81, down 9.97% with a trading volume of 700,400 shares [2] - Chaoying Electronics (603175) closed at 68.36, down 7.09% with a trading volume of 139,700 shares [2] - Fangbang Co., Ltd. (688020) closed at 55.68, down 4.02% with a trading volume of 30,100 shares [2] Capital Flow - The component sector saw a net inflow of 456 million from institutional investors, while retail investors experienced a net outflow of 666 million [2] - The net inflow from speculative funds was 210 million [2] Individual Stock Capital Flow - Jingwang Electronics (603228) had a net inflow of 539 million from institutional investors, but a net outflow of 557 million from retail investors [3] - Tianjin Pulin (002134) saw a net inflow of 112 million from institutional investors, with a significant net outflow of 524 million from retail investors [3] - Xiehe Electronics (605258) experienced a net inflow of 50 million from institutional investors, but a net outflow of 43 million from retail investors [3]

Core Viewpoint - The company reported a revenue of 11.08 billion with a year-on-year increase of 22.1% and a net profit attributable to shareholders of 0.95 billion, reflecting a year-on-year increase of 4.8% [2] Financial Performance - For the first three quarters, the company achieved a revenue of 11.08 billion, up 22.1% year-on-year, and a net profit of 0.95 billion, up 4.8% year-on-year. However, the non-recurring net profit decreased by 6.4% year-on-year to 0.78 billion. The gross margin was 21.6%, down 2.2 percentage points, and the net margin was 8.7%, down 1.2 percentage points [2] - In Q3, the revenue was 3.99 billion, up 24.2% year-on-year and 6.3% quarter-on-quarter, with a net profit of 0.30 billion, up 20.4% year-on-year but down 8.1% quarter-on-quarter. The gross margin for Q3 was 22.0%, down 1.4 percentage points year-on-year, while the net margin was 7.7%, remaining stable year-on-year but down 0.9 percentage points quarter-on-quarter [2] Business Segments and Growth Drivers - The company is expanding in the AI computing power sector, with positive progress expected to lead to a significant growth inflection point in performance. The company has begun mass production orders for key materials in the N customer Gb300 series, with expectations for monthly increases in Q4 and continuous improvement in yield [3] - The PCB business is diversifying, with high-end capacity upgrades and new layouts in automotive intelligence and AI computing expected to drive new growth. The company maintains a leading position in the automotive electronics sector, being the largest global supplier of automotive PCBs. It is accelerating the introduction of advanced products for intelligent driving and establishing a first-mover advantage in mass production projects [4] - The company is also making strides in AI hardware, with high-value products like AI servers and optical modules entering the order conversion phase. It has secured multiple supply qualifications for new high-value materials in the N customer’s next-generation Rubin platform and is actively pursuing development opportunities in the ASIC field [4] Long-term Outlook - The company is expected to see revenue growth from 2025 to 2027, with a focus on AI PCB capacity expansion and a favorable market for high-end computing power. The management's capabilities and the dual-track development in AI hardware and automotive intelligence are anticipated to enhance competitive strength in high-end markets and open up long-term performance potential [5]

Core Viewpoint - Jingwang Electronics plans to issue H-shares to enhance its global strategy, improve its international brand image and competitiveness, and diversify its financing channels [2] Group 1: Stock Market Performance - Jingwang Electronics has seen a significant stock price increase, with three consecutive days of gains, including two trading halts on October 27 and 28, with the latest stock price at 77.19 yuan and a market capitalization of 76 billion yuan [2] - The company issued a stock price fluctuation announcement, stating that its production and operational activities are normal and there are no undisclosed significant changes [2] Group 2: H-share Issuance Details - The issuance of H-shares is subject to approval from the board of directors, shareholders, and regulatory bodies such as the China Securities Regulatory Commission and the Hong Kong Stock Exchange, indicating a high level of uncertainty regarding its implementation [2] Group 3: Company Profile - Jingwang Electronics specializes in the R&D, production, and sales of PCBs, with a product range that includes multilayer boards, thick copper boards, high-frequency and high-speed boards, metal-based circuit boards, double-sided and multilayer flexible circuit boards, high-density flexible circuit boards, HDI boards, rigid-flex boards, special material PCBs, carrier boards, and packaging substrates [2] - The company's products are widely used in various sectors, including automotive, next-generation communication technology, AI servers, data centers, AIoT, consumer electronics, industrial interconnect, medical equipment, new energy, and satellite communication [2] - Jingwang Electronics operates six major production bases in China, located in Shenzhen, Longchuan, Jishui, Xinfeng, Jinwan, and Fushan [3]

Core Viewpoint - Jingwang Electronics (603228.SH) reported a revenue of 11.083 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 22.08% [1] - The net profit attributable to shareholders reached 948 million yuan, with a year-on-year increase of 4.83% [1] - The non-recurring net profit was 776 million yuan, showing a year-on-year decline of 6.36% [1] - Basic earnings per share stood at 1.03 yuan [1] Financial Performance - Revenue for the first three quarters: 11.083 billion yuan, up 22.08% year-on-year [1] - Net profit attributable to shareholders: 948 million yuan, up 4.83% year-on-year [1] - Non-recurring net profit: 776 million yuan, down 6.36% year-on-year [1] - Basic earnings per share: 1.03 yuan [1]

Core Viewpoint - Jingwang Electronics (603228.SH) reported a revenue of 11.083 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 22.08% [1] - The net profit attributable to shareholders reached 949.8 million yuan, marking a year-on-year increase of 4.83% [1] - The basic earnings per share stood at 1.03 yuan [1] Financial Performance - Total operating revenue for the first three quarters was 11.083 billion yuan, up 22.08% year-on-year [1] - Net profit attributable to the parent company was 949.8 million yuan, an increase of 4.83% compared to the previous year [1] - Basic earnings per share reported at 1.03 yuan [1]

景旺电子10月30日公告，第三季度营收为39.87亿元，同比增长24.19%；净利润为2.99亿元，同比增长 20.44%。前三季度营收为110.83亿元，同比增长22.08%；净利润为9.48亿元，同比增长4.83%。 ...

经核查，董事会认为： 证券代码：603228 证券简称：景旺电子 公告编号：2025-123 深圳市景旺电子股份有限公司 第五届董事会第五次会议决议公告 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。 一、董事会会议召开情况 深圳市景旺电子股份有限公司（以下简称"公司"）第五届董事会第五次会 议之通知、议案内容于 2025 年 10 月 25 日通过书面、电话及电子邮件的方式告 知了公司全体董事。本次会议于 2025 年 10 月 30 日以现场结合通讯表决的方式 召开，会议由董事长刘绍柏先生主持。会议应出席董事 9 名，实际出席董事 9 名。本次会议的召开符合有关法律法规和《公司章程》的规定，会议决议合法有 效。 二、董事会会议审议情况 （一）审议通过了《公司 2025 年第三季度报告》。 深圳市景旺电子股份有限公司董事会 2025 年 10 月 31 日 （1）《公司 2025 年第三季度报告》的编制和审议程序符合相关法律、法规 及《公司章程》的规定。 （2）报告内容和格式符合中国证券监督管理委员会和上海证券交易所的规 定 ...

Core Viewpoint - The CPO concept is weakening, leading to significant declines in stock prices for several companies in the sector [1] Company Summary - Tianfu Communication experienced a drop of over 10% in its stock price [1] - Hezhong Intelligent is nearing a limit down situation [1] - New Yisheng, Huilv Ecology, and Jingwang Electronics also saw declines in their stock prices [1]

2024年1至12月份，景旺电子的营业收入构成为：印刷线路板行业占比94.67%，其他业务占比5.33%。 截至发稿，景旺电子市值为729亿元。 每经AI快讯，景旺电子（SH 603228，收盘价：74.01元）10月30日晚间发布公告称，公司第五届第五次 董事会会议于2025年10月30日以现场结合通讯表决的方式召开。会议审议了《公司2025年第三季度报 告》等文件。 每经头条（nbdtoutiao）——多地出现"负电价"，既然卖电"不挣钱"，为何电厂不愿停机？ （记者 胡玲） ...

Core Viewpoint - Jingwang Electronics reported a year-on-year revenue increase of 22.08% for the first three quarters of 2025, indicating strong growth in its financial performance [1] Financial Performance - Revenue for the first three quarters of 2025 reached approximately 11.083 billion yuan, up from the previous year [1] - Net profit attributable to shareholders was about 949.8 million yuan, reflecting a year-on-year increase of 4.83% [1] - Basic earnings per share decreased by 1.9% to 1.03 yuan [1] - As of the report date, the market capitalization of Jingwang Electronics stood at 72.9 billion yuan [1]