| 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：113669 | 债券简称：景 23 转债 | | 深圳市景旺电子股份有限公司 关于 2024 年股票期权与限制性股票激励计划首次授予 限制性股票第一个限售期解除限售暨上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 4,542,812股。 本次股票上市流通总数为4,542,812股。 本次股票上市流通日期为2025 年 7 月 31 日。 深圳市景旺电子股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召开 了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，审议通过了《关 于 2024 年股票期权与限制性股票激励计划首次授予第一个行权期行权条件及第一 个限售期解除限售条件成就的议案》，公司 2024 年股票期权与限制性股票激励计 划（以下简称"本激励计划"）首次授予限制性股 ...

| 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-078 | | --- | --- | --- | | 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 （一）本激励计划已履行的审议程序 关于 2024 年股票期权与限制性股票激励计划 首次授予股票期权第一个行权期自主行权实施公告 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： 深圳市景旺电子股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召 开了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，审议通过了《关 于 2024 年股票期权与限制性股票激励计划首次授予第一个行权期行权条件及第 一个限售期解除限售条件成就的议案》，公司 2024 年股票期权与限制性股票激 励计划（以下简称"本激励计划"）首次授予股票期权的第一个行权期行权条件 已成就。 经上海证券交易所及中国证券登记结算有限责任公司上海分公司审核，以上 期权将于 2025 年 7 月 31 日开始可以行权。本次可以行 ...

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 调整股票期权行权价格、回购注销部分限制性股票及 注销部分股票期权、首次授予第一个行权期行权条件 及第一个限售期解除限售条件成就的 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 2024年股票期权与限制性股票激励计划 调整股票期权行权价格、回购注销部分限制性股票及注销部分股票期 权、首次授予第一个行权期行权条件及第一个限售期解除限售条件成 就的法律意见书 观意字2025SZ000053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""上市公司")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"）调整股票期权 行权价格（以下简称"本次调整"）、回购注销部分限制性股票及注销部分股票 期权（以下简称"本次回购注销及注销"）、首次授予第一个行权期行权条件及 第一个限售期解除限售条件成就事宜（以下简称"本次行权及解除限售"），出 ...

Investment Rating - The industry investment rating is "Overweight" as the report anticipates that the interconnection bandwidth demand will experience rapid growth due to the "multiplier effect" [4][90]. Core Insights - The report identifies four major trends in the AI computing interconnection sector: 1. Computing hardware demand is shifting from being anchored to cloud vendors' CapEx to being anchored to the number of tokens processed. 2. The landscape of computing chips is evolving from reliance on GPUs to a coexistence of GPUs and ASICs. 3. Technological iterations are transitioning from product-level upgrades (like optical modules, PCBs, switches, and network cards) to overall upgrades at the network architecture level. 4. The focus of network interconnection upgrades is expanding from Scale Out to Scale Up, enhancing both types of networks and increasing single-chip bandwidth [5][81][85]. Summary by Sections Section 1: Market Trends - The demand for computing power is increasingly linked to the number of tokens processed rather than just cloud vendor capital expenditures [5][81]. - The growth of AI models has led to a significant increase in the demand for high-bandwidth, low-latency interconnections, particularly in the context of large-scale AI training [21][25]. Section 2: Product Innovations - New products like Sora and GB200 are driving demand for multimodal inference, with Sora requiring significantly more inference computing power compared to previous models [27][35]. - The report highlights that the performance of new interconnection technologies, such as GB200, is substantially superior to older models, enhancing overall computational efficiency [75][76]. Section 3: Capital Expenditure Trends - Capital expenditures from major cloud service providers (CSPs) are expected to continue increasing, with a notable shift towards AI computing capabilities [35][37]. - The report estimates that the ratio of NVIDIA's data center revenue from cloud vendors to the capital expenditures of five major cloud vendors has increased from 5% in Q1 2023 to approximately 30% by the second half of 2024 [37][38]. Section 4: Investment Opportunities - The report suggests that various interconnection methods, including optical, copper, and PCB connections, are likely to benefit from the anticipated growth in interconnection demand. Key companies identified include: - Optical interconnection: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, Yuanjie Technology, Changguang Huaxin, Changxin Bochuang, Shijia Photon, Zhizhi Technology, Taicheng Light. - Copper interconnection: Zhaolong Interconnection, Zhongji Xuchuang, Hongteng Precision. - PCB: Shenghong Technology, Jingwang Electronics, Hudian Co., Shengyi Technology [4][90].

从中证深圳科技创新主题指数持仓样本的行业来看，信息技术占比37.93%、工业占比31.48%、医药卫 生占比11.16%、通信服务占比10.85%、可选消费占比8.58%。 资料显示，指数样本每季度调整一次，样本调整实施时间分别为每年3月、6月、9月和12月的第二个星 期五的下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在 下一个定期调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将 其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。当上 证港股通范围发生变动导致样本不再满足港股通资格时，将进行相应调整。 跟踪深圳科技的公募基金包括：安信深圳科技指数(LOF)A、安信深圳科技指数(LOF)C。 金融界7月21日消息，上证指数高开高走，中证深圳科技创新主题指数 (深圳科技，931136)上涨1.03%， 报8067.94点，成交额297.47亿元。 数据统计显示，中证深圳科技创新主题指数近一个月上涨9.67%，近三个月上涨14.93%，年至今上涨 13.61%。 据了解，中证深圳科技创新主题指数围绕深圳科技创新 ...

Group 1 - PCB concept stocks experienced a significant afternoon surge, with Zhongcai Technology (002080) hitting the daily limit up [1] - Defu Technology (301511) rose over 10%, while Jingwang Electronics (603228), Dazhu CNC (301200), and Shennan Circuit (002916) also saw gains [1]

Group 1 - The core viewpoint indicates that the A-share market has seen a significant rise over three consecutive weeks, with a low overall systemic risk, suggesting that the current market conditions present an opportunity for further gains [1] - The report from CITIC Securities highlights a shift from a stock market focused on existing shares to one that is increasingly driven by new capital inflows, particularly benefiting the manufacturing sector, which is currently at a low valuation [1] - The valuation of the CSI 500 Quality Growth Index is noted to be at a historical low, with a price-to-book ratio (PB) of 1.9, which is below 88.84% of the time over the past three years, indicating a strong value proposition for investors [1] Group 2 - The CSI 500 Quality Growth Index consists of 100 companies selected for their high profitability, sustainable earnings, and strong cash flow, providing diverse investment options for investors [2] - As of June 30, 2025, the top ten weighted stocks in the CSI 500 Quality Growth Index account for 20.42% of the index, with notable companies including Dongwu Securities and Huagong Technology [2] Group 3 - The performance of individual stocks within the index shows varied results, with notable gainers such as Shenghong Technology increasing by 8.19%, while others like Chifeng Gold and Jiuhua Company experienced declines [4]

公司已向中国证券登记结算有限责任公司上海分公司提交了注销上述股票 期权的申请，经中国证券登记结算有限责任公司上海分公司审核确认，上述激励 计划 108,128 份股票期权的注销业务已于 2025 年 7 月 15 日办理完毕。 本次注销部分股票期权事项符合《上市公司股权激励管理办法》和《激励计 划》的相关规定，不会影响公司股本结构，不会对公司的财务状况和经营成果产 生实质性影响，也不会影响公司管理团队的勤勉尽职及稳定性。公司管理团队将 继续认真履行工作职责，努力为股东创造价值。 | 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-076 | | --- | --- | --- | | 债券代码：113669 | 债券简称：景 23 转债 | | 深圳市景旺电子股份有限公司 关于股权激励计划部分股票期权注销完成的公告 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。 深圳市景旺电子股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召 开了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，审 ...

Macro and Strategy - June financial data shows a significant rebound in credit, with new social financing reaching 4.20 trillion yuan, exceeding expectations of 3.71 trillion yuan, and new RMB loans at 2.24 trillion yuan, surpassing the forecast of 1.84 trillion yuan [8][9][10] - The M2 money supply grew by 8.3% year-on-year, indicating a recovery in domestic economic momentum as private sector balance sheet expansion improves [8][9] - The "seesaw effect" between government financing and corporate loans has weakened, suggesting a shift in credit dynamics as local governments approach their annual debt targets [9][10] Retail Industry - The jewelry market is projected to grow steadily, with the market size reaching 728 billion yuan in 2024, reflecting a compound annual growth rate of 3.6% since 2019 [11][12] - The top five companies in the jewelry sector hold a market share of 41.4%, indicating increasing industry concentration as consumer preferences shift towards quality and design [11][12] - The retail sector is benefiting from the recent Amazon Prime Day, which generated an estimated $24.1 billion in sales, a 30% increase year-on-year, highlighting the growth potential in cross-border e-commerce [13][14] Food and Beverage Industry - The food and beverage sector saw a 0.92% increase, underperforming the Shanghai Composite Index by 0.17 percentage points [14] - The liquor market is stabilizing, with major brands focusing on brand positioning and market health, while the overall demand remains under pressure [15][16] - Recommendations include leading brands like Kweichow Moutai and Wuliangye, which have shown resilience and potential for recovery [15][16] Construction and Building Materials - The construction materials sector is expected to improve due to a shift towards healthy competition and urban renewal initiatives, with a focus on technological innovation [17][18] - Cement prices have stabilized, with a slight decrease of 0.4% week-on-week, while demand remains steady despite seasonal fluctuations [17][18] - Recommendations include companies like Three Trees and China National Building Material, which are well-positioned to benefit from domestic demand [18] Computer Industry - The AI ASIC market is rapidly expanding, with a projected market size growth from $14.8 billion in 2024 to $83.8 billion by 2030, reflecting a compound annual growth rate of 33.5% [19][20] - The price advantage of AI ASIC chips over GPUs is significant, with average prices of $5,236 compared to $8,001 for GPUs, making them more attractive for specific applications [19][20] - Companies like Google and Amazon are accelerating their development of ASIC chips, indicating strong future demand in this sector [21] Home Appliances - The home appliance sector is experiencing stable growth in domestic sales, driven by government subsidies, while exports face challenges due to high bases and tariff impacts [22][23] - White goods are seeing a slight increase in domestic sales, with air conditioning units showing a 9.5% growth in domestic shipments [22][23] - Recommendations include leading brands such as Midea and Gree, which are expected to maintain strong performance [22][23] Pharmaceutical Industry - Merck's acquisition of Verona for $10 billion aims to enhance its portfolio with a new COPD treatment, indicating strong growth potential in respiratory therapies [27][28] - WuXi AppTec is projected to achieve a 102% increase in net profit for the first half of 2025, reflecting robust operational performance [29] - The pharmaceutical sector is showing resilience, with a focus on innovative treatments and strategic acquisitions [27][28] Coal Industry - The coal market is expected to stabilize as domestic production increases and imports decrease, with a projected production of 4.85 billion tons in 2025, a 2% increase year-on-year [31][32] - Demand for coal is anticipated to improve in the second half of the year, particularly for non-electric uses such as chemical production [33] - Recommendations include leading coal companies like China Shenhua and China Coal Energy, which are well-positioned to benefit from market dynamics [34] Electronics Industry - The electronics sector is experiencing positive momentum, with a 0.93% increase in stock performance, driven by strong demand in the optical and semiconductor segments [34] - The industry is expected to see significant catalysts in the coming months, particularly in the context of AI and cloud computing advancements [34] - Companies involved in ASIC development are likely to benefit from the ongoing trends in computing and data processing [34]

今日涨跌幅居前的概念板块 | 300496 | 中科创 | 1.98 | 3.87 | 4966.60 | 6.21 | | --- | --- | --- | --- | --- | --- | | | 达 | | | | | | 688031 | 星环科 | 3.52 | 5.91 | 3108.82 | 11.27 | | | 技 | | | | | | 688327 | 云从科 | 3.10 | 6.1 1 | 2789.03 | 4.00 | | | 技 | | | | | | 001389 | 广合科 技 | 1.36 | 13.77 | 2758.40 | 2.10 | | 001314 | 亿道信 | 2.23 | 11.06 | 1821.21 | 6.93 | | | 息 | | | | | | 300956 | 英力股 份 | 2.43 | 5.42 | 1525.05 | 8.08 | | 000066 | 中国长 | 0.97 | 2.34 | 1355.90 | 1.24 | | | 城 | | | | | | 001339 | 智微智 能 | 3.56 | 12.12 | 126 ...