Core Viewpoint - Jingwang Electronics (603228) has experienced significant stock price increases, achieving a cumulative rise of over 28% in the last three trading days, while its controlling shareholder has executed share reductions [2][4]. Group 1: Shareholder Actions - The controlling shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., and Zhichuang Investment Co., Ltd. have reduced their holdings by a total of 9.597 million shares from June 27 to June 30 [4]. - The shareholding ratio of the controlling shareholder and its concerted parties decreased from 61.96% to 60.93% due to the share reduction and the conversion of convertible bonds [4][6]. Group 2: Trading Details - On June 27, a block trade of 4.321 million shares was executed at a price of 33.01 yuan per share, representing a discount of 13.22% compared to the market closing price of 38.04 yuan per share [6]. - On June 30, another block trade of 5.276 million shares occurred at a price of 35.76 yuan per share, reflecting a discount of 14.53% compared to the market closing price of 41.84 yuan per share [6]. Group 3: Company Overview - Jingwang Electronics specializes in PCB (Printed Circuit Board) business and has seen its market capitalization reach 39.1 billion yuan due to recent market interest [7]. - The company is recognized as a national high-tech enterprise, focusing on the R&D, production, and sales of various types of PCBs, which are widely used in automotive, next-generation communication technologies, data centers, and AIoT applications [7].

Mergers and Acquisitions - Yanpai Co., Ltd. plans to acquire 100% equity of TTL and TTL Management Company for approximately €2.9 million, focusing on industrial textile solutions for B2B clients [1] - Landi Group intends to purchase up to 20.17% equity of Ningbo Jujia New Materials Technology Co., Ltd. for a total price not exceeding ¥121 million, as the company specializes in high-performance LCP fiber production [3] Asset Restructuring - Jinhongshun announced the termination of its major asset restructuring plan to acquire 95.79% of New Thinking Motor Co., Ltd. through share issuance and cash payment [2] Shareholding Changes - Haitai Ruisheng's controlling shareholder, He Lin, and his concerted party Zhongyi An plan to reduce their holdings by up to 2.95%, totaling no more than 177.74 million shares [4] - Silan Microelectronics' shareholder, Luo Huabing, plans to reduce his holdings by no more than 500,000 shares, representing up to 0.03% of the company's total equity [5] - Haizheng Shengcai's major shareholder, Sinopec Capital, intends to reduce its holdings by up to 1.74%, totaling no more than 3.5256 million shares [6] Operational Updates - Haiyang Wang confirmed that its operational status is normal and there are no undisclosed significant matters, despite a stock price fluctuation exceeding 20% [7] - Neimeng Yijian reported that its main business has not undergone significant changes, and the external market environment remains stable [10]

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号:2025-065 | | --- | --- | --- | --- | | 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 股票交易风险提示公告 二、相关风险提示 （一）市场交易风险 公司股票于 2025 年 6 月 25 日、2025 年 6 月 26 日、2025 年 6 月 27 日连续 3 个交易日收盘价格涨幅偏离值累计超过 20%，属于股票交易异常波动。公司已 于2025年6月28日披露《景旺电子股票交易异常波动公告》（公告编号：2025-064）。 2025 年 6 月 30 日，公司股价再次涨停，公司市盈率（TTM）为 33.27，动态市 盈率 30.11，市净率为 3.39，近期股票交易换手率显著高于前期水平，鉴于公司 股票价格短期涨幅较大，敬请广大投资者注意二级市场交易风险，理性决策，审 慎投资。 （二）媒体报道、市场传闻、热点概念情况 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 ...

深圳市景旺电子股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示 性公告 控股股东及其一致行动人保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 | 债券代码：113669 | 债券简称：景 23 | 转债 | | --- | --- | --- | | 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-066 | 2.信息披露义务人信息 信息披露义务人名称 投资者身份 统一社会信用代码 深圳市景鸿永泰投资控 股有限公司 控股股东/实控人 □ 控股股东/实控人的一致行动人 □ 其他直接持股股东 9144030058917220XU □ 不适用 智创投资有限公司 控股股东/实控人 □ 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用（注） 刘绍柏 控股股东/实控人 □ 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 黄小芬 控股股东/实控人 □ 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 注：信息披露义务人智创投资 ...

Core Viewpoint - The A-share market showed a strong performance on the last trading day of June, with notable gains in the military, pharmaceutical, and photovoltaic sectors. The pharmaceutical commercial sector saw significant late-session gains, while the liquor sector experienced a sudden surge in stock prices. Additionally, computing hardware stocks reached historical highs, indicating a positive market sentiment overall [1][2]. Group 1: Pharmaceutical Sector - The pharmaceutical commercial sector experienced a late surge, with stocks like Huaren Health rising from a near 5% drop to a nearly 7% increase, closing up 4.61% [1]. - Recent reports indicate that major liquor companies such as Wuliangye and Luzhou Laojiao are seeing good growth in banquet market scale and opening rates, with strategies focusing on lower-end and innovative products [6]. Group 2: Liquor Sector - The liquor sector saw a significant rally at 13:11, with stocks like Jiugui Liquor, Shede Liquor, and Shui Jing Fang rising by 6.88%, 3.48%, and 2.92% respectively by the end of trading [4]. - Analysts suggest that the overall valuation of the liquor sector is low, with frequent stock buybacks and increased dividend payouts expected to attract more capital inflow [6]. Group 3: Computing Hardware Sector - Computing hardware stocks were notably active, with companies like Jingwang Electronics and Xinyi Sheng reaching historical highs. Jingwang Electronics hit a limit-up, while Xinyi Sheng closed up 3.12% at 127.02 yuan per share, with a market capitalization of 126.05 billion yuan [8][10]. - The demand for optical modules is expected to exceed supply by a factor of two in 2024, driven by strong growth in the AI sector and overseas markets [11]. Group 4: Photovoltaic Sector - The photovoltaic sector showed strength, particularly in the back-contact (BC) battery segment, with stocks like Saiwu Technology hitting the limit-up and GCL-Poly Energy rising over 6% [12][13]. - The acceleration of new technologies such as BC and solid-state batteries is anticipated, with production capacity expected to exceed 100GW by the end of 2025 [15].

Core Viewpoint - The computing hardware sector is experiencing significant activity, particularly in the PCB segment, with companies like Jingwang Electronics achieving historical highs in stock performance [1] Group 1: Market Activity - Jingwang Electronics has seen a remarkable performance with a rise of 2 boards in 3 days, reaching a historical high [1] - Other companies in the sector, such as Aohong Electronics, Yuanjie Technology, Zhongji Xuchuang, Shengyi Electronics, and Xinyi Sheng, have also shown notable increases in stock prices [1] Group 2: Industry Insights - According to a report from CITIC Securities, NVIDIA is focusing on positioning itself as a platform provider for AI infrastructure during its shareholder meeting [1] - Leading domestic and international companies are ramping up efforts in infrastructure development to meet the surging demand for inference computing power [1] - The market outlook for the ASIC sector is continuously being adjusted upwards, indicating sustained high prosperity in the computing industry chain [1]

| 证券代码：603228 | 证券简称：景旺电子 | | | 公告编号:2025-064 | | --- | --- | --- | --- | --- | | 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 股票交易异常波动公告 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"）股票于2025年6月25 日、2025年6月26日、2025年6月27日连续3个交易日收盘价格涨幅偏离值累计超 过20%，属于股票交易异常波动。 经公司自查，并书面征询控股股东、实际控制人及其一致行动人，截至 本公告披露日，不存在应披露而未披露的重大信息。 敬请广大投资者注意投资风险，审慎决策，理性投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 6 月 25 日、2025 年 6 月 26 日、2025 年 6 月 27 日连续 3 个交易日收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》 的相关规定，属 ...

Group 1 - CPO concept stocks are experiencing significant upward movement, with LianTe Technology (301205) rising over 10% [1] - Guangku Technology (300620) has increased by more than 8% [1] - Other companies such as Yuanjie Technology, Jingwang Electronics (603228), and Zhaolong Interconnect (300913) are also seeing gains [1] Group 2 - There is a notable influx of dark pool capital into these stocks [1]

Group 1 - The company appointed Mr. Wang Jun as the Vice President, effective from the date of the board meeting until the end of the current board term [1] - Mr. Wang holds 110,000 shares in the company, all obtained through the company's equity incentive plan, and has no related party relationships with major shareholders or other executives [2] - The company expressed gratitude to Ms. Jiang Jingyi for her contributions as the former securities affairs representative and appointed Ms. Jia Yahui as the new representative [2] Group 2 - Ms. Jia Yahui has obtained the Shanghai Stock Exchange board secretary qualification and possesses the necessary professional knowledge and experience for the role [2] - Mr. Wang Jun has a strong background in technology development, holding over 40 authorized patents and has received multiple awards for his contributions to technology [2]

Core Viewpoint - Shenzhen Jingwang Electronics Co., Ltd. maintains a stable credit rating of AA, with a positive outlook due to its strong market position and product advantages in the PCB industry [4][8]. Company Overview - The company ranks 10th globally and 3rd among domestic PCB manufacturers in China, benefiting from a diverse customer base and broad application fields including automotive, communication technology, and consumer electronics [6][18]. - The company has a significant number of patents, with 30 new invention patents added in 2024, enhancing its competitive edge [6][18]. Financial Performance - Total assets increased to 203.41 billion RMB in 2024, with total liabilities at 172.31 billion RMB, reflecting a healthy financial position [4][21]. - Revenue for 2024 reached 126.59 billion RMB, with a net profit of 11.60 billion RMB, indicating growth driven by demand in data centers and automotive electronics [4][21]. - The EBITDA margin was 22.73% in 2024, although it experienced a slight decline due to rising raw material costs [21][25]. Market Position and Competitive Landscape - The company holds a strong market share in the PCB industry, with a focus on high-density interconnect (HDI) products, which are expected to see significant growth due to AI server demand [11][12]. - The PCB market is projected to grow, with a global market value of 73.6 billion USD in 2024, driven by recovery in the AI server and consumer electronics sectors [10][11]. Operational Environment - The company operates multiple production bases in China and is expanding internationally, with a focus on maintaining high capacity utilization rates [18][19]. - The PCB industry is facing challenges from high raw material prices and increased competition, which may impact profit margins [13][20]. Future Outlook - The company is expected to continue benefiting from its strong market position and diverse applications, although it must navigate potential cost pressures and external factors such as U.S. tariff policies [7][17]. - The credit rating agency maintains a stable outlook for the company, anticipating sustained business viability due to its leading position in the PCB sector [8].