深圳市景旺电子股份有限公司2025 年半年度报告 公司代码：603228 公司简称：景旺电子 深圳市景旺电子股份有限公司 2025 年半年度报告 1 / 186 深圳市景旺电子股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，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。 不适用 五、 前瞻性陈述的风险声明 √适用 □不适用 本报告中有涉及公司经营和发展战略等未来计划的前瞻性陈述，不构成公司对投资者的实质 承诺，请投资者注意投资风险。 六、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 一、 公司全体董事出席董事会会议。 二、 本半年度报告未经审计。 三、 公司负责人刘绍柏、主管会计工作负责人孙君磊及会计机构负责人（会计主管人员）成杏 娜声明：保证半年度报告中财务报告的真实、准确、完整。 四、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 七、 是否存在违反规定决策程序对外提供担保的情况 否 八、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 九、 重大风险 ...

Group 1 - The company reported a revenue of 7.095 billion yuan for the first half of the year, representing a year-on-year growth of 20.93% [1] - The net profit attributable to shareholders of the listed company was 650 million yuan, showing a year-on-year decline of 1.06% [1] - The basic earnings per share were 0.71 yuan [1]

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[2020]1176 号）核准，公司于 2020 年 8 月 24 日向社会公众公开发行可转换公司债券（以下简称"景 20 转债"）1,780.00 万张，每张面值 100 元，募集资金总额为人民币 178,000.00 万元，扣除保荐及承 销费用、律师费、会计师费、资信评级费等发行费用后，实际募集资金净额人民 币 176,022.92 万元。上述募集资金已于 2020 年 8 月 28 日汇入公司设立的可转债 募集资金专户中，经天职国际会计师事务所（特殊普通合伙）审验并出具了天职 业字[2020]33669 号《验资报告》。 截至 2025 年 6 月 30 日，2020 年公开发行可转换公司债券募集资金已累计 投入 174,250.68 万元，尚未使用募集资金余额为人民币 5,133.39 万元。 | 证券代码：603228 | 证券简称：景旺电子 | | 公告编号:2025-098 | | --- | --- | --- | --- | | 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：2025-099 | | --- | --- | --- | --- | | 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 关于继续使用募集资金向全资子公司提供借款用于 实施募投项目的公告 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。 重要提示： ● 借款对象：景旺电子科技（珠海）有限公司（以下简称"珠海景旺"） ● 借款金额：为确保募集资金投资项目（以下简称"募投项目"）的顺利实施， 深圳市景旺电子股份有限公司（以下简称"公司"或"景旺电子"）拟使用募集资金 向募投项目"景旺电子科技（珠海）有限公司一期工程——年产 60 万平方米高密 度互连印刷电路板项目"的实施主体珠海景旺提供总额不超过人民币 3,000 万元 的借款。 ● 本次借款不属于关联交易或重大资产重组事项 公司于 2025 年 8 月 29 日召开第五届董事会第三次会议，审议通过了《关于 继续使用募集资金向全资子公司提供借款用于实施募投项目的议 ...

| 债券简称：景 债券代码：113669 23 | 转债 | | | --- | --- | --- | | 证券代码：603228 证券简称：景旺电子 | | 公告编号：2025-100 | 深圳市景旺电子股份有限公司 关于召开2025年半年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。 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 09 月 19 日（星期五）至 09 月 25 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 8 月 30 日发布公司《2025 年半年度报告》及其摘要，为便于广大投资者更全面深入地 了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 26 ...

Core Viewpoint - Jingwang Electronics reported a slight decline in net profit for the first half of 2025 despite a significant increase in revenue, indicating potential challenges in profitability management [1] Financial Performance - The company's operating revenue for the first half of 2025 was 7.095 billion yuan, representing a year-on-year growth of 20.93% [1] - The net profit attributable to shareholders was 649 million yuan, showing a year-on-year decrease of 1.06% [1] - Basic earnings per share stood at 0.71 yuan [1]

Group 1 - The core viewpoint of the announcement is that Jingwang Electronics reported a revenue of 7.095 billion yuan for the first half of 2025, reflecting a year-on-year growth of 20.93% [1] - The net profit for the same period was 650 million yuan, which represents a year-on-year decline of 1.06% [1]

Group 1 - The core viewpoint of the article highlights the emergence of new industrial opportunities driven by AI computing power, particularly in the PCB (Printed Circuit Board) sector, with Zhuhai being a significant beneficiary of this trend [1][2][3] - The investment of 5 billion yuan in the expansion project by Jingwang Electronics is noted as the largest PCB industry investment in China this year, which is expected to significantly boost Zhuhai's production capacity and economic output [1][2] - The global PCB industry is projected to reach a value of 78.6 billion USD by 2025, with high-end products gaining a larger market share, driven by demand from AI servers and high-performance computing [2][8] Group 2 - The article discusses the strategic shift of PCB companies towards high-end manufacturing, particularly in AI computing and automotive electronics, as traditional markets face intense competition and limited profit margins [2][3] - Zhuhai's PCB industry has grown to include over 174 companies, generating a production value of 44.4 billion yuan, which accounts for 15.2% of the national market and 8.5% of the global market [6][10] - The trend of Shenzhen-based companies relocating to Zhuhai is accelerating, with several key PCB manufacturers establishing production bases in the city, enhancing its industrial ecosystem [4][6][7] Group 3 - The article emphasizes the need for Zhuhai to transition from mid-range manufacturing to high-end production to compete effectively in the global PCB market [3][10] - The expansion of Jingwang Electronics is expected to enhance Zhuhai's technological capabilities, with the company holding 93 patents and achieving international advanced levels in several technologies [3][8] - The global PCB market is experiencing rapid growth, with an expected annual compound growth rate of 5.2% from 2024 to 2029, driven by increasing demand in AI, data centers, and automotive electronics [8][10]

Core Viewpoint - The PCB industry is experiencing significant growth driven by demand from AI computing, automotive electronics, and data centers, with many companies reporting substantial profit increases in the first half of the year [1][2][4]. Group 1: Industry Performance - Nearly 70% of PCB listed companies reported growth in net profit, with notable increases from companies like Shenghong Technology (up 367%), Junya Technology (up 333%), and Huazheng New Materials (up 328%) [2]. - The PCB market is projected to grow from $73.57 billion in 2024 to $94.66 billion by 2029, with a compound annual growth rate (CAGR) of 5.2% [4]. Group 2: Product Upgrades - The industry is shifting towards high-end products, particularly in AI servers and automotive electronics, with high-frequency and high-speed copper-clad laminates seeing increased demand [2][3]. - Companies like Shenghong Technology are focusing on high-density interconnect (HDI) boards, which require advanced manufacturing processes and have seen supply tightness due to increased demand [3]. Group 3: Cost Pressures - Rising copper prices have led to increased operating costs for PCB manufacturers, with over half of the companies experiencing cost growth outpacing revenue growth [5][6]. - The copper price is expected to remain high, with analysts predicting further increases in the second half of the year, adding pressure on PCB companies to manage costs effectively [6]. Group 4: Capacity Expansion - Companies are actively expanding production capacities, particularly in Southeast Asia, to meet the growing demand for high-end multi-layer PCBs [7][9]. - Significant investments are being made by companies like Jingwang Electronics and Shenghong Technology in new facilities and technology upgrades to enhance their market share in high-end PCB products [7][9]. Group 5: Regional Developments - Southeast Asia is becoming a key region for PCB production, with countries like Thailand and Vietnam attracting investments from major PCB manufacturers [7][8]. - The region is expected to have the highest CAGR of 7.8% from 2024 to 2029, driven by the shift of production from China [7].

Group 1 - The independent director system plays a crucial role in promoting standardized operations of listed companies, protecting the legitimate rights and interests of small and medium investors, and fostering the healthy and stable development of the capital market [1] - In the A-share market, the highest remuneration for independent directors is 1.07 million yuan, while the lowest is 9,600 yuan, with 61 independent directors earning over 500,000 yuan and 6,545 earning less than 100,000 yuan [1] - Over 2,000 independent directors are aged 65 and above, including 23 who are over 80 years old, and more than 3,500 are aged between 60 and 69 [1] Group 2 - In 2024, He Qiang served as an independent director for three listed companies, receiving a total remuneration of 610,000 yuan, with specific amounts of 150,000 yuan from Jingwang Electronics, 160,000 yuan from Kaipu Cloud, and 300,000 yuan from Huaneng International [1] - He Qiang attended all board meetings and shareholder meetings for the companies he served, voting in favor of all resolutions without raising any objections or abstentions [3] - He Qiang holds multiple independent director positions, including at Huaneng International, Jingwang Electronics, Kaipu Cloud, Guoyuan Futures, China Minsheng Trust, and Yingda Fund, and has a notable academic and governmental background [3]