| 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-114 | | --- | --- | --- | | 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 关于实施"景 23 转债"赎回暨摘牌的第七次提示性 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： 自 2025 年 9 月 26 日起，"景 23 转债"停止交易。 自 2025 年 1 月 20 日至 2025 年 2 月 19 日，深圳市景旺电子股份有限公司（以 下简称"公司"）股价已有十五个交易日的收盘价格不低于"景 23 转债"当期转 股价格 24.71 元/股（实施 2024 年度权益分派前）的 130%（即 32.13 元/股），根 据公司《公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的 相关约定，已触发"景 23 转债"的有条件赎回条款。公司于 2025 年 2 月 19 日 召开董事会，决定不行使"景 23 转债"的提前赎回权，且在未来 6 个月内（ ...

Market Performance - As of September 26, the AI PC concept index declined by 4.01%, ranking among the top declines in concept sectors, with leading companies such as Lingyi iTech, Geling Deep Vision, and Jingwang Electronics experiencing significant drops [1][2] - The top gainers in the market included soybean (+1.02%) and other sectors, while the AI PC sector and related indices like China AI 50 saw declines of -4.01% and -3.94% respectively [1] Capital Flow - The AI PC concept sector experienced a net outflow of 7.475 billion yuan, with 37 stocks seeing net outflows, and 17 stocks exceeding 100 million yuan in outflows [1] - The stock with the highest net outflow was Shenghong Technology, with a net outflow of 2.121 billion yuan, followed by Lingyi iTech (-1.154 billion yuan) and Changying Precision (-675 million yuan) [1][2] Stock Performance - Notable stocks in the AI PC concept with significant declines included Shenghong Technology (-4.68%), Lingyi iTech (-7.60%), and Changying Precision (-4.77%) [1][2] - Conversely, stocks with net inflows included Yidao Information (+2.366 million yuan), Haopeng Technology (+1.768 million yuan), and Anfu Technology (+1.019 million yuan) [2]

Market Overview - The component sector experienced a decline of 4.47% on September 26, with Zhongfu Circuit leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers included: - Tianjin Pulin (002134) with a closing price of 21.00, up 4.37% on a trading volume of 143,100 shares and a turnover of 301 million [1] - ST Dongjing (002199) closed at 10.01, up 3.52% with a trading volume of 44,000 shares [1] - Major decliners included: - Zhongfu Circuit (300814) closed at 48.52, down 8.61% with a trading volume of 137,800 shares and a turnover of 689 million [2] - Dongshan Precision (002384) closed at 68.58, down 7.44% with a trading volume of 862,600 shares [2] Capital Flow - The component sector saw a net outflow of 6.765 billion in institutional funds, while retail investors contributed a net inflow of 5.702 billion [2] - The table of capital flow indicates varying levels of net inflow and outflow among individual stocks, with notable movements in Tianjin Pulin and ST Dongjing [3]

Core Viewpoint - The company announces the redemption and delisting of the "Jing 23 Convertible Bonds" effective from September 26, 2025, with the last conversion date set for September 30, 2025 [2][3][19] Redemption Details - The last trading day for "Jing 23 Convertible Bonds" is September 25, 2025, and the bonds will be redeemed at a price of 100.515 CNY per bond, which includes accrued interest [3][11][15] - The redemption date is set for October 9, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [3][15][18] Conversion and Redemption Conditions - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [5][9] - Investors must convert their bonds at the conversion price of 23.91 CNY per share before the last conversion date to avoid forced redemption [3][4][17] Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, resulting in an interest of 0.515 CNY per bond [12][11] - The total redemption amount per bond is 100.515 CNY, which is the sum of the face value and accrued interest [11][12] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.412 CNY after tax [13] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [14] Investor Advisory - The company advises bondholders to be aware of the conversion deadline and to take necessary actions to avoid forced redemption [4][17] - Investors are encouraged to understand the relevant regulations regarding convertible bonds and associated risks [5][17]

Core Points - The company has announced that the "Jing 23 Convertible Bond" will stop trading on September 26, 2025, with the last conversion date being September 30, 2025 [1][14] - The bond will be forcibly redeemed at a price of 100.515 CNY per bond if not converted by the deadline, which may lead to significant investment losses for holders [1][16] Redemption Details - The redemption date is set for September 30, 2025, with the redemption price being 100.515 CNY per bond, which includes accrued interest [4][9] - The accrued interest is calculated based on a formula involving the bond's face value, interest rate, and the number of days since the last interest payment [6][9] - The redemption payment will be issued on October 9, 2025, through the Shanghai Clearing House [13] Conditional Redemption Trigger - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for 15 trading days from August 20 to September 9, 2025 [4][7] - The company’s board decided not to exercise the early redemption right previously but has now opted to do so based on current market conditions and financial strategy [3][4] Trading and Conversion - Trading of the "Jing 23 Convertible Bond" will cease on September 26, 2025, with only three trading days left until the final conversion date [1][14] - Investors are urged to convert their bonds within the specified timeframe to avoid forced redemption [2][15] Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, affecting the net amount received upon redemption [10][11]

Core Viewpoint - Jingwang Electronics announced that investors holding "Jing 23 Convertible Bonds" can only convert at a price of 23.91 CNY per share or face mandatory redemption at a face value of 100 CNY plus accrued interest, potentially leading to significant investment losses [1] Group 1 - The conversion price for "Jing 23 Convertible Bonds" is set at 23.91 CNY per share [1] - In case of mandatory redemption, investors will receive 100.515 CNY per bond, which includes accrued interest [1] - The announcement indicates a risk of substantial investment losses for those unable to convert their bonds [1]

| 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-113 | | --- | --- | --- | | 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 关于实施"景 23 转债"赎回暨摘牌的第六次提示性 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： 自 2025 年 9 月 26 日起，"景 23 转债"停止交易。 最后转股日：2025 年 9 月 30 日 截至 2025 年 9 月 25 日收市后，距离 9 月 30 日（"景 23 转债"最后转股日， 含当日）仅剩 3 个交易日，9 月 30 日为"景 23 转债"最后一个转股日。 本次提前赎回完成后，"景 23 转债"将自 2025 年 10 月 9 日起在上海证 券交易所（以下简称"上交所"）摘牌。 投资者所持的"景 23 转债"除在规定时限内按照 23.91 元/股的转股价格 进行转股外，仅能选择以 100 元/张的票面价值加当期应计利息（即 100.515 元/ 张）被强 ...

Core Viewpoint - The PCB (Printed Circuit Board) industry is a crucial component of modern electronic products, with China leading the global market in production value and growth rate [1][3]. Industry Overview - The global PCB market is projected to reach $73.565 billion in 2024, with a year-on-year growth of 5.8%, while China's market is expected to reach $41.213 billion, growing at 9.0% [1]. - Guangdong province accounts for approximately 60% of China's PCB production capacity, housing a cluster of listed companies with a combined market value exceeding one trillion yuan [3][6]. Historical Development - China's PCB industry has evolved from limited production capabilities in the 1950s to becoming the world's largest producer by the mid-2000s, with significant contributions from Taiwan and Japan [5][6]. - The industry is concentrated in the Pearl River Delta and Yangtze River Delta regions, with Guangdong being the primary production base [5]. Market Dynamics - As of September 2025, there are 43 listed PCB companies in China's A-share market, with a total market capitalization of 1.46 trillion yuan, representing 1.27% of the total A-share market [6]. - Major cities for PCB companies include Shenzhen, Huizhou, Changzhou, and Shanghai, with Guangdong's listed companies valued at 1.03 trillion yuan [6]. Regional Development - The PCB industry is experiencing a shift towards midwestern cities, with regions like Jiangxi and Anhui emerging as new hubs due to favorable policies and cost advantages [8][10]. - Xinfeng County in Jiangxi has attracted over 200 electronic enterprises, achieving a production value of 22.887 billion yuan in 2024, marking a 23.2% increase [9]. - Guangde County in Anhui has developed into a significant PCB production area, with over 92 electronic circuit companies and an annual output exceeding 10 billion yuan [10]. Technological Advancements - The rise of AI technology is driving demand for high-performance PCBs, particularly for applications in AI servers and smart driving, necessitating advanced manufacturing processes [12]. - Leading companies in the PCB sector are increasing investments in high-end production capabilities, particularly in Zhuhai, which is becoming a new center for high-end PCB manufacturing [12][14]. Investment Trends - Major PCB manufacturers are planning significant expansions, with investments in advanced PCB production facilities across various cities, including Zhuhai and Huizhou [13][14]. - For instance, Jingwang Electronics is investing 5 billion yuan in a high-end HDI production project in Zhuhai, while Dongshan Precision has a total investment plan of $1 billion for its operations [13][14].

Group 1 - The circuit board index experienced a decline, with a drop of 2.01% during intraday trading [1] - Component stocks generally weakened, with notable declines in several companies [1] Group 2 - Dongshan Precision fell by 6.24%, Shenghong Technology decreased by 6.12%, and Jingwang Electronics dropped by 5.86% [1] - In addition, Inno Laser and Shengyi Electronics saw declines of 5.03% and 4.27%, respectively [1]

Core Points - The company has announced the redemption of its convertible bonds "Jing 23" due to the triggering of conditional redemption clauses based on stock price performance [6][9][19] - The last trading day for "Jing 23" convertible bonds is September 25, 2025, and the last conversion day is September 30, 2025 [2][3][17] - The redemption price is set at 100.515 CNY per bond, which includes accrued interest [11][12][16] Redemption Details - The redemption conditions were met as the stock price was above 130% of the conversion price for fifteen trading days [6][9] - The redemption registration date is September 30, 2025, and the redemption payment date is October 9, 2025 [10][16] - The company will not exercise the early redemption right if the conditions are triggered again within the specified period [5][6] Investor Guidance - Investors are advised to convert or sell their bonds within the specified time frame to avoid forced redemption [4][19] - The company will provide further announcements regarding the redemption process and its implications [15][20] - The bonds will be delisted from the Shanghai Stock Exchange after the redemption is completed [18]