深圳市景旺电子股份有限公司 2025 年第三季度报告 证券代码：603228 证券简称：景旺电子 深圳市景旺电子股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 3,987,408,668.33 | 24.19 | 11,0 ...

证券代码：603228 证券简称：景旺电子 公告编号：2025-124 深圳市景旺电子股份有限公司 关于召开2025年第三季度业绩说明会的公告 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。 （一）会议召开时间：2025 年 11 月 28 日（星期五）9:00-10:00 （二）网上直播地址：上证路演中心 ● 会议召开时间：2025 年 11 月 28 日（星期五）9:00-10:00 ● 网上召开地址：上海证券交易所上证路演中心 重要提示： （网址：https://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于 2025 年 11 月 21 日（星期五）至 11 月 27 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 stock@kinwong.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 深圳市景旺电子股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公司《2025 年第三季度报 ...

景旺电子公告，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%。 ...

Group 1: Stock Issuance and Trading Alerts - Multiple stocks experienced significant abnormal fluctuations, including 香农芯创 (300475) and 天普股份 (605255) with announcements on October 24 and 21 respectively[1] - 盈新发展 (000620) and *ST宝鹰 (002047) had announcements on October 30 indicating potential trading alerts[1] - A total of 30 stocks were flagged for abnormal trading activities on October 30, indicating a heightened market volatility[1] Group 2: Recent Announcements - 许多公司如 ST万方 (000638) and 农心科技 (001231) had their announcements published on October 27, indicating ongoing corporate activities[2] - The report includes links to detailed announcements for 30 different stocks, providing transparency and access to information for investors[2] - The announcements cover a range of sectors, highlighting the diverse nature of the market and the potential for investment opportunities[2]

Core Viewpoint - The A-share market experienced a decline, with the Shanghai Composite Index falling below 4000 points, indicating a bearish trend in the market [3][4]. Market Performance - The three major indices in A-shares weakened in the afternoon, with the Shanghai Composite Index down 0.73% to 3986.90, the Shenzhen Component Index down 1.16% to 13532.13, and the ChiNext Index down 1.84% to 3263.02 [3][4]. - The market saw a total trading volume of 2.42 trillion yuan, an increase of 165.6 billion yuan compared to the previous trading day, with nearly 4100 stocks declining [7]. Sector Performance - The CPO, semiconductor, trading software, computing hardware, robotics, and photovoltaic sectors experienced significant declines, while the lithium battery, shipping, rare earth permanent magnet, and cultivated diamond sectors showed strength [4][5][6]. - Notably, stocks in the lithium battery sector, such as Penghui Energy and Chang Aluminum, reached their daily limit up [5]. Capital Flow - Main capital inflows were observed in the steel, energy metals, and battery sectors, while there were outflows from communication equipment, semiconductors, and securities sectors [9]. - Specific stocks like Tianqi Lithium and Jiangte Electric saw net inflows of 1.185 billion yuan and 783 million yuan, respectively, while stocks like Xinyisheng and Dongfang Caifu faced significant outflows [10][11]. Market Outlook - Analysts from Galaxy Securities suggest that the market may steadily move upwards along moving averages, with limited chances for a significant pullback, while opportunities lie in sector and stock rotation [12]. - According to Zhongtai Securities, the overall market trend is positive, with the Shanghai Composite Index breaking through the 4000-point mark, driven by the AI server industry chain [12].

Core Viewpoint - A new company, Ji'an Jingwang Technology Service Co., Ltd., has been established, which is indirectly wholly owned by Jingwang Electronics (603228) [1] Company Summary - Ji'an Jingwang Technology Service Co., Ltd. has been registered with Duan Shaohua as the legal representative [1] - The business scope of the new company includes information technology consulting services and information system integration services [1] - Jingwang Electronics holds full ownership of Ji'an Jingwang Technology Service Co., Ltd. through indirect shareholding [1]

Group 1 - Multiple Nvidia concept stocks in A-shares saw significant increases, with Industrial Fulian rising by 7.16%, Jingwang Electronics by over 5%, and Huqin Technology by 4.94% as of the midday break on October 29 [2] - Nvidia's CEO Jensen Huang announced at the GTC DC conference that the company will invest in Nokia and that the Blackwell chip is in full production, with expected revenues from Blackwell and the upcoming Rubin architecture exceeding $500 billion by 2026 [2] - The strong demand for AI is highlighted, with Huang stating that the AI industry is in a cycle where increased usage leads to higher profits, necessitating more comprehensive and collaborative computing infrastructure [2] Group 2 - Industrial Fulian, a supplier for Nvidia, reported a revenue of 360.76 billion yuan for the first half of 2025, a year-on-year increase of 35.58%, and a net profit of 12.11 billion yuan, up 38.61% [3] - Jingwang Electronics achieved a revenue of 7.095 billion yuan, a 20.93% increase year-on-year, but its net profit decreased by 1.06% to 650 million yuan, with a 9.55% increase in net profit after excluding share payment impacts [3] - Jingwang Electronics announced a 5 billion yuan investment in its Zhuhai Jinwan facility to enhance high-end production capacity and address bottlenecks, indicating a strong market demand for high-end products [4]

Group 1 - Company is planning to issue H-shares and list on the Hong Kong Stock Exchange, currently in discussions with intermediaries [1] - The issuance and listing will not change the controlling shareholder or actual controller of the company [1] - The plan requires approval from the board, shareholders, and regulatory bodies, with significant uncertainty regarding its implementation [1] Group 2 - Company specializes in PCB research, production, and sales, with a wide range of products including multilayer boards, high-frequency boards, and flexible circuit boards [2] - Company has six production bases in China, located in Guangdong and Jiangxi provinces [2] - In 2023, the company has expanded into emerging markets such as AI servers and satellite communications, with increased production capacity in high-density HDI and 800G optical modules [2]

Core Insights - Multiple Nvidia concept stocks in A-shares saw significant increases, with Industrial Fulian rising by 7.16%, Jingwang Electronics by over 5%, and Huajin Technology by 4.94% [2] - Nvidia's CEO Jensen Huang announced investments in Nokia and confirmed the full production of the Blackwell chip, projecting revenues exceeding $500 billion from Blackwell and Rubin chips by 2026 [2][3] - The AI industry's strong demand is driving the need for comprehensive and collaborative computing infrastructure, as more users adopt AI technologies [2] Company Performance - Industrial Fulian reported a revenue of 360.76 billion yuan for the first half of 2025, a year-on-year increase of 35.58%, with a net profit of 12.11 billion yuan, up 38.61% [3] - The company's AI server revenue grew over 60% year-on-year, benefiting from increased capital expenditures by cloud service providers and a higher proportion of AI infrastructure investments [3] - Jingwang Electronics achieved a revenue of 7.095 billion yuan, a 20.93% increase, but its net profit decreased by 1.06% to 650 million yuan; however, its net profit excluding share-based payments rose by 9.55% [3] Industry Opportunities - The high certainty of AI demand is creating numerous opportunities in sectors such as AI servers, optical modules, liquid cooling, and high-end PCBs, leading to increased market optimism for players in Nvidia's supply chain [3] - Jingwang Electronics announced a 5 billion yuan investment in Zhuhai Jinwan to enhance high-end production capacity and address bottlenecks in technology [4] - The company expressed confidence in the sustainable market demand for high-end products, indicating manageable pressure on capacity digestion [4]

Group 1 - Company is planning to issue H-shares and list on the Hong Kong Stock Exchange, currently in discussions with intermediaries [1] - The issuance and listing will not change the controlling shareholder or actual controller of the company [1] - The plan requires approval from the board, shareholders, and regulatory bodies, with significant uncertainty regarding its implementation [1] Group 2 - Company specializes in PCB research, production, and sales, with a wide range of products including multilayer boards, high-frequency boards, and flexible circuit boards [2] - Company has six production bases in China, located in Guangdong and Jiangxi provinces [2] - In 2023, the company has expanded into emerging markets such as AI servers and satellite communications, with increased production capacity in high-density HDI and 800G optical modules [2]