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].

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号：2025-061 | | --- | --- | --- | --- | | 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"景 23 转债"2025 年跟踪评级结果的公告 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承担法律责任。 重要内容提示： 根据《上市公司证券发行注册管理办法》《公司债券发行与交易管理办法》 和《上海证券交易所股票上市规则》等有关规定，深圳市景旺电子股份有限公司 （以下简称"公司"）委托信用评级机构中证鹏元资信评估股份有限公司（以下 简称"中证鹏元"）对公司 2023 年度公开发行的可转换公司债券（债券代码： 113669，债券简称："景 23 转债"）进行了跟踪信用评级。 公司前次主体信用等级为"AA"；评级展望为"稳定"；"景 23 转债"前次 信用等级为"AA"，评级机构为中证鹏元，评级时间为 2024 年 6 月 28 日。 评级机构中证鹏元在对公司行业环境、经营状况及财务状况进行综 ...

深圳市景旺电子股份有限公司相 关债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【283】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 本评级报告版权归本评级机构所有，未经授 ...

| 证券代码：603228 | 证券简称：景旺电子 | | 公告编号：2025-063 | | --- | --- | --- | --- | | 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 关于聘任副总裁、变更证券事务代表的公告 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 6 月 26 日召开 第四届董事会第三十次会议，审议通过了《关于聘任副总裁的议案》《关于变更 证券事务代表的议案》。现将相关情况公告如下： 一、聘任副总裁的情况 蒋靖怡女士因工作调整，不再担任证券事务代表职务。本公司对蒋靖怡女士 在担任证券事务代表期间的工作及贡献表示感谢。董事会同意聘任贾亚辉女士 （简历附后）为公司证券事务代表，协助董事会秘书开展工作履行职责，任期自 本次董事会审议之日起至第四届董事会届满之日止。 贾亚辉女士已取得上海证券交易所董事会秘书资格证明，具备担任证券事务 代表所必备的专业知识与工作经验，其任职资格符合《公司法 ...

| 证券代码：603228 | 证券简称：景旺电子 | 公告编号：2025-062 | | --- | --- | --- | | 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 第四届董事会第三十次会议决议公告 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。 一、董事会会议召开情况 深圳市景旺电子股份有限公司（以下简称"公司"）第四届董事会第三十次 会议之通知、议案内容于 2025 年 6 月 21 日通过书面、电话的方式告知了公司全 体董事。本次会议于 2025 年 6 月 26 日以通讯表决的方式召开，会议由董事长刘 绍柏先生主持。会议应出席董事 9 名，实际出席董事 9 名。本次会议的召开符合 有关法律法规和《公司章程》的规定，会议决议合法有效。 二、董事会会议审议情况 （一）审议通过了《关于聘任副总裁的议案》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 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 ...

股票简称：景旺电子 股票代码：603228 债券简称：景 23 转债 债券代码：113669 深圳市景旺电子股份有限公司 2023 年公开发行可转换公司债券 受托管理事务报告（2024 年度） 债券受托管理人 （中国（上海）自由贸易试验区浦明路 8 号） 二〇二五年六月 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、 《深圳市景旺电子股份有限公司公开发行可转换公司债券募集说明书》（以下简 称"《募集说明书》"）、《深圳市景旺电子股份有限公司 2023 年公开发行可 转换公司债券之受托管理协议》（以下简称"《受托管理协议》"）、《深圳市 景旺电子股份有限公司 2024 年年度报告》等相关公开信息披露文件、第三方中 介机构出具的专业意见等，由本次债券受托管理人民生证券股份有限公司（以下 简称"民生证券"、"受托管理人"）编制。民生证券对本报告中所包含的从上 述文件中引述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、 准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的内容据以 ...

STOCK CODE: 603228 Environmental, Social and Governance Report KINWONG Address: Number: fax: Website: E-mail: Kinwong Electronics Building, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen +86-755-8389 3919 +86-755-8389 1680 http://www.kinwong.com stock@kinwong.com SHENZHEN KINWONG ELECTRONIC CO., LTD. 13 CONTENTS Introduction | About the Report | 1 | | --- | --- | | Message from the Management | 3 | | Kinwong at a Glance | 5 | | Kinwong's Performance in 2 ...

Core Viewpoint - The significant reduction in shareholding by major shareholders of Jingwang Electronics has led to a decrease in their collective ownership percentage, triggering a notification of equity change [1][3]. Shareholding Changes - Major shareholders, including Shenzhen Jinghong Yongtai Investment Holdings Co., Ltd. and Zhichuang Investment Co., Ltd., reduced their holdings by a total of 9.3493 million shares from June 16 to June 23, 2025, resulting in a dilution of their ownership percentage from 62.96% to 61.96% [1][3]. - The total amount raised from the share reductions by these shareholders was approximately 29,749.70 million yuan [2]. Share Reduction Details - Shenzhen Jinghong Yongtai Investment Holdings Co., Ltd. sold 4.3758 million shares between June 18 and June 23, 2025, for approximately 13,875.66 million yuan at an average price of 31.71 yuan per share [2]. - Zhichuang Investment Co., Ltd. sold 4.6747 million shares from June 16 to June 20, 2025, for about 14,902.94 million yuan at an average price of 31.88 yuan per share [2]. - Individual shareholders Liu Shaobai and Huang Xiaofen also sold smaller amounts, contributing to the overall reduction [2]. Company Background - Jingwang Electronics was listed on the Shanghai Stock Exchange on January 6, 2017, with an initial issuance of 48 million shares at a price of 23.16 yuan per share, raising a total of 111,168.00 million yuan [3]. - The company has conducted multiple rounds of fundraising through convertible bonds, with total amounts raised in 2018, 2020, and 2023 being 97,800.00 million yuan, 178,000.00 million yuan, and 115,400.00 million yuan respectively [4][5].