Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area (931000) has shown a strong increase of 1.10% as of September 10, 2025, with notable gains in constituent stocks such as Shenghong Technology (300476) up by 13.24% and Industrial Fulian (601138) up by 10.00% [1] Performance Summary - The Greater Bay Area ETF (512970) has risen by 0.92%, with a latest price of 1.43 yuan, and has accumulated a 9.48% increase over the past month as of September 9, 2025 [1] - Over the past year, the Greater Bay Area ETF has seen a net value increase of 47.70%, with the highest single-month return recorded at 21.99% and the longest consecutive monthly gain lasting 4 months with a total increase of 26.18% [1] - The average monthly return during the rising months is 5.38%, and the ETF has outperformed its benchmark with an annualized excess return of 8.81% over the last three months [1] Liquidity and Trading Activity - The trading volume for the Greater Bay Area ETF was 3.68 million yuan with a turnover rate of 0.04% as of September 9, 2025, and the average daily trading volume over the past month was 748,200 yuan [1] Risk and Fee Structure - The Greater Bay Area ETF has a management fee rate of 0.15% and a custody fee rate of 0.05% [2] Tracking Accuracy - The tracking error for the Greater Bay Area ETF was 0.029% over the past month, indicating a close alignment with the underlying index [3] Top Holdings - As of August 29, 2025, the top ten weighted stocks in the index include China Ping An (601318), BYD (002594), and China Merchants Bank (600036), collectively accounting for 49.06% of the index [4]

Core Insights - The China Securities Consumer Electronics Theme Index (931494) has seen a strong increase of 2.51% as of September 10, 2025, with notable gains in constituent stocks such as Dongshan Precision (002384) up 10.01%, Industrial Fulian (601138) up 10.00%, and Jingwang Electronics (603228) up 10.00% [1][2] - The Consumer Electronics ETF (561600) has risen by 2.60%, with a recent price of 1.1 yuan, and has accumulated a 22.00% increase over the past month as of September 9, 2025 [1][2] Market Performance - The Consumer Electronics ETF recorded a turnover rate of 7.92% during the trading session, with a transaction volume of 41.8497 million yuan [2] - The index tracks 50 listed companies involved in component production and brand design in the consumer electronics sector, reflecting the overall performance of these securities [2] Top Holdings - As of August 29, 2025, the top ten weighted stocks in the China Securities Consumer Electronics Theme Index include: - Cambricon Technologies (688256) - Luxshare Precision (002475) - SMIC (688981) - Industrial Fulian (601138) - BOE Technology Group (000725) - Lattice Semiconductor (688008) - O-film Tech (603501) - Zhaoyi Innovation (603986) - GoerTek (002241) - Dongshan Precision (002384) - These top ten stocks account for a combined weight of 54.8% in the index [2]

Core Viewpoint - The satellite communication sector is experiencing a significant surge, driven by regulatory developments and the entry of major telecom operators into satellite mobile communication services [1] Group 1: Market Performance - Satellite communication concept stocks have shown strong performance, with companies like Dihai Intelligent and Jingwang Electronics hitting the daily limit, while Haige Communication and Sanwei Communication have risen over 9% [1] - Other notable gainers include Feilixin and China Unicom, both increasing by over 5% [1] Group 2: Regulatory Developments - China Mobile is applying for a satellite mobile communication business operating license, which is currently under review, laying the groundwork for compliant mobile direct satellite services [1] - The Ministry of Industry and Information Technology has granted China Unicom a satellite mobile communication business operating license, enabling it to engage in mobile direct satellite services and enhance applications in emergency communication, maritime communication, and remote area communication [1] Group 3: Industry Outlook - The Ministry of Industry and Information Technology indicates that the commercialization of China's satellite mobile communication industry is accelerating, which will foster a competitive market environment and improve service accessibility for ordinary users [1] - Collaboration between basic telecom companies and the satellite mobile communication industry chain is expected to strengthen, promoting industry transformation and enhancing supply chain resilience and security [1] - CITIC Securities highlights the strategic importance of the satellite communication industry, with clear policy direction and an anticipated acceleration in the issuance of business licenses for satellite communication services [1]

Group 1 - The company held its fifth board meeting on September 9, 2025, where all nine directors attended and approved the agenda [2][4] - The board decided to exercise the early redemption of the "Jing 23 Convertible Bonds" due to the stock price meeting the redemption conditions [3][13] - The stock price was above 130% of the current conversion price for at least fifteen trading days, triggering the conditional redemption clause [8][13] Group 2 - The company aims to reduce financial costs and optimize its asset structure through the early redemption of the bonds [3][13] - The board authorized the management to handle all matters related to the early redemption process [3][13] - The "Jing 23 Convertible Bonds" were issued on April 4, 2023, with a total amount of RMB 1.154 billion and a maturity of six years [9]

Core Viewpoint - Jingwang Electronics announced the early redemption of its "Jing 23 Convertible Bonds" due to the stock price meeting the conditions set in the prospectus, specifically that the closing price remained above 130% of the conversion price for fifteen consecutive trading days [2] Group 1 - The company decided to exercise its early redemption right for the "Jing 23 Convertible Bonds" as the stock price exceeded the threshold [2] - The redemption will occur at the face value plus accrued interest for all registered bondholders on the redemption date [2] - Investors can either continue trading the bonds in the secondary market or convert them at the set conversion price of 23.91 yuan per share [2]

Core Viewpoint - Jingwang Electronics announced the approval of the proposal for early redemption of "Jing 23 Convertible Bonds" during the fourth meeting of the fifth board of directors [2] Group 1 - The company held its fourth meeting of the fifth board of directors on September 9 [2] - The board approved the early redemption of the "Jing 23 Convertible Bonds" [2]

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号：2025-103 | | --- | --- | --- | --- | | 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 关于提前赎回"景 23 转债"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。 重要内容提示： ● 公司股票自 2025 年 8 月 20 日至 2025 年 9 月 9 日，已有十五个交易日的 收盘价格不低于当期转股价格 23.91 元/股的 130%（即 31.09 元/股），根据《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 9 月 9 日召开第五届董事会第四次会议，审议通过了《关 于提前赎回"景 23 转债"的议案》，决定行使"景 23 转债"的提前赎回权，按 照债券面值加当期应计利息的价格对赎回登记日登记在册的"景 23 转债"全部 赎回。 ● 投资者所持"景 23 转债"除在规定时限内通过二级市场继续交易或按照 23.91 ...

民生证券股份有限公司 关于深圳市景旺电子股份有限公司 提前赎回"景 23 转债"的核查意见 民生证券股份有限公司（以下简称"民生证券"或"保荐机构"）作为深圳 市景旺电子股份有限公司（以下简称"景旺电子"或"公司"）2023 年公开发行 可转换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《可转换 公司债券管理办法》《上海证券交易所股票上市规则》《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》和《上海证券交易所上市公司自律监管指 引第 12 号——可转换公司债券》等相关法规和规范性文件的要求，就景旺电子 提前赎回"景 23 转债"事项进行了核查，具体情况如下： 一、"景 23 转债"发行上市概况 经中国证券监督管理委员会《关于核准深圳市景旺电子股份有限公司公开发 行可转换公司债券的批复》（证监许可[2023]127 号）核准，公司于 2023 年 4 月 4 日公开发行可转换公司债券 1,154.00 万张，每张面值 100 元，募集资金总额 为人民币 115,400.00 万元，期限 6 年。可转换公司债券票面利率为：第一年 0.30%，第二年 0.50%，第三年 1.00%，第四年 ...

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号：2025-102 | | --- | --- | --- | --- | | 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 第五届董事会第四次会议决议公告 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。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）及指 定信息披露媒体上的《景旺电子关于提前赎回"景 23 转债"的公告》（公告编号： 2025-103）。 特此公告。 深圳市景旺电子股份有限公司董事会 2025 年 9 月 10 日 公司股票存在连续三十个交易日中至少有十五个交易日的收盘价不低于当 期转股价格的 130%的情形，已经触发公司《公开发行可转换公司债券募集说明 书》的有条件赎回条款。结合当前市场情况及公司自身发展规划，为减少公司财 务费用和资金成本，降低公司资产负债率，进一步优化公司整体资产结构，经审 慎考虑，公司董事会决定行使"景 23 转债"的提前赎回权利，按照债券面 ...

责任编辑：小浪快报 第1笔成交价格为53.30元，成交4.30万股，成交金额229.19万元，溢价率为0.00%，买方营业部为国联民 生证券股份有限公司总部，卖方营业部为中信证券股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生64笔大宗交易，合计成交金额为7.14亿元。该股近5个交易日累计 下跌12.78%，主力资金合计净流出7.22亿元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月8日，景旺电子收跌2.56%，收盘价为53.30元，发生1笔大宗交易，合计成交量4.3万股，成交金额 229.19万元。 ...