Core Viewpoint - The stock of Kunshan Kosen Technology Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days on September 16 and 17, 2025 [2][4]. Group 1: Stock Trading Abnormality - The company's stock price deviation reached a cumulative increase of 20% over two trading days, qualifying as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][4]. - The company confirmed that there were no undisclosed significant matters after self-examination and verification with controlling shareholders and actual controllers [3][5]. Group 2: Business Operations - The company specializes in the production of structural components for consumer electronics, and its current production and operational conditions are normal without significant changes in the internal and external business environment [5]. - The company does not manufacture AI glasses or their structural components, despite being listed in media reports as part of the AI glasses concept stock [3][7]. - The folding screen hinge assembly business accounts for only 2.10% of total revenue in the first half of 2025, indicating minimal impact on overall performance [3][7]. Group 3: Major Events and Market Sentiment - There are no undisclosed major events or information that could significantly impact the company's stock price, including major asset restructuring, share issuance, or significant business cooperation [6][8]. - The company has not engaged in any stock trading by directors, supervisors, senior management, or controlling shareholders during the abnormal trading period [8]. Group 4: Financial Performance - The company reported a net loss of 476.83 million yuan for the fiscal year 2024 and a net loss of 105.21 million yuan for the first half of 2025 [11].

Mergers and Acquisitions - Changrong Co., Ltd. plans to acquire 100% equity of Enchi New Energy from Enhui New Energy for a consideration of 0 yuan, followed by a capital increase of 60 million yuan for a 100,000 kW photovoltaic power generation project in Yongchang County [1] - Zaiseng Technology has terminated its cash acquisition plan for 49% equity of Maikelong due to lack of substantial progress and to protect the interests of the company and its shareholders [2] Shareholding Changes - Yongding Co., Ltd.'s controlling shareholder, Yongding Group, intends to reduce its shareholding by up to 4,385,970 shares, representing no more than 3% of the total share capital [3] - Xinhang New Materials' controlling shareholder, Qin Cui'e, plans to reduce her shareholding by up to 349,760 shares, approximately 2% of the total share capital [4] - Dagang Holdings' shareholder, Yingqi Management, plans to reduce its shareholding by up to 952,000 shares, about 3% of the total share capital [5] Risk Matters - Pinming Technology is planning a significant matter that may lead to a change in control, resulting in a stock suspension from September 18 for no more than 2 trading days [6] - Hangzhou High-tech's shareholder, Wanren Zhongying, has 583,370 shares (4.61% of total share capital) subject to judicial auction scheduled for October 16-17, 2025 [7] Company Operations - Kosen Technology clarified that it does not produce AI glasses or their structural components, and its folding screen hinge assembly business generated only 2.10% of total revenue in the first half of 2025 [8] - Meili Cloud's shareholder, Zhongye Paper, has had its bankruptcy liquidation application accepted by the court [9][10] Stock Trading - Tianpu Co., Ltd. has completed its stock trading suspension review and will resume trading on September 18, following an investigation into abnormal trading activities [11]

Core Viewpoint - The stock of Kosen Technology (603626.SH) experienced a significant price fluctuation, with a cumulative increase of 20% over two consecutive trading days, which is classified as an abnormal trading situation according to Shanghai Stock Exchange regulations [1] Group 1: Company Operations - Kosen Technology's main business is the production of structural components for consumer electronics [1] - The company has been mistakenly identified by media as a player in the AI glasses sector; however, it does not manufacture AI glasses or their structural components [1] - Kosen Technology has also been associated with the foldable screen concept; yet, it only has a single customer for its foldable screen hinge assembly business, which relies on externally sourced components [1] Group 2: Financial Impact - The revenue generated from the foldable screen hinge assembly business accounted for only 2.10% of the total revenue in the first half of 2025, indicating that this segment does not significantly impact the company's overall performance [1]

Core Viewpoint - The stock of Kosen Technology (603626.SH) experienced a significant price fluctuation, with a cumulative increase of 20% over two consecutive trading days, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange regulations [1] Group 1: Company Operations - Kosen Technology's main business is the production of structural components for consumer electronics [1] - The company has been mistakenly identified by media as a player in the AI glasses sector; however, it does not manufacture AI glasses or their structural components [1] - Kosen Technology has also been associated with the foldable screen concept; yet, upon self-examination, it confirmed that its foldable screen hinge assembly business relies on a single customer and uses externally sourced components, contributing only 2.10% to total revenue in the first half of 2025, thus having a negligible impact on overall performance [1]

Core Viewpoint - Kosen Technology (603626.SH) clarifies its business operations in response to media categorization as an AI glasses and foldable screen concept stock, stating it does not produce AI glasses or their components, and that its foldable screen hinge assembly business has minimal impact on overall revenue [1] Group 1: Business Operations - The main business of Kosen Technology is the production of structural components for consumer electronics [1] - The company does not manufacture AI glasses or components related to AI glasses [1] - Kosen Technology's foldable screen hinge assembly business relies on a single customer and uses externally sourced components, contributing only 2.10% to total revenue projected for the first half of 2025 [1]

Core Viewpoint - The company, Kosen Technology, clarifies that it does not produce AI glasses or their structural components, despite being listed as an AI glasses concept stock by the media [1]. Group 1: Business Operations - The main business of the company is the production of structural components for consumer electronics [1]. - The company has a single customer for its folding screen hinge assembly business, which relies on externally sourced structural components [1]. Group 2: Financial Impact - The revenue generated from the folding screen hinge assembly business is estimated to account for only 2.10% of total revenue in the first half of 2025, indicating minimal impact on the company's overall performance [1].

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。 证券代码：603626 证券简称：科森科技 公告编号：2025-044 昆山科森科技股份有限公司 股票交易异常波动公告 重要内容提示： 公司股票于 2025 年 9 月 16 日、9 月 17 日连续 2 个交易日内日收盘价格涨幅 偏离值累计达到 20%，根据《上海证券交易所交易规则》的相关规定，属于股票 交易异常波动情况。 二、公司关注并核实的相关情况 针对公司股票交易异常波动，公司对有关事项进行核查，并向控股股东、实 际控制人核实，现将有关情况说明如下： 昆山科森科技股份有限公司（以下简称"公司"）股票于 2025 年 9 月 16 日、9 月 17 日连续 2 个交易日内日收盘价格涨幅偏离值累计达到 20%，根据《上 海证券交易所交易规则》的相关规定，属于股票交易异常波动情况。 经公司自查并向控股股东、实际控制人核实，不存在应披露而未披露的重 大事项。 公司主营业务为消费电子结构件的生产。近期关注到公司被媒体列入 AI 眼镜概念股。经公司自查，公司不生产 AI 眼镜，也不生 ...

Group 1 - The core point of the article is that Kosen Technology's stock experienced abnormal trading fluctuations, with a cumulative closing price increase of 20% over two consecutive trading days [1] - The company confirmed that its production and operational conditions are normal and there are no undisclosed significant matters [1] - Kosen Technology does not manufacture AI glasses or their structural components [1] Group 2 - The company's folding screen hinge assembly business has a single customer, contributing only 2.10% to total revenue in the first half of 2025, thus not significantly impacting overall performance [1] - The company reported losses for both the fiscal year 2024 and the first half of 2025, advising investors to be cautious about investment risks [1]

Market Overview - On September 17, the consumer electronics sector rose by 1.76%, with Hongxi Technology leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Gainers in Consumer Electronics - Hongxi Technology (871857) closed at 30.56, up 29.99% with a trading volume of 89,500 shares [1] - Changying Precision (300115) closed at 31.64, up 12.44% with a trading volume of 2.56 million shares [1] - Shenglan Co., Ltd. (300843) closed at 60.18, up 12.07% with a trading volume of 281,100 shares [1] - Kosen Technology (603626) closed at 16.09, up 9.98% with a trading volume of 182,950 shares [1] - Other notable gainers include Shixiao Technology (301086) and Yidong Electronics (301123) with increases of 9.94% and 8.21% respectively [1] Top Losers in Consumer Electronics - Longyang Electronics (301389) closed at 66.07, down 4.38% with a trading volume of 182,600 shares [2] - Hongrid (301285) closed at 50.08, down 3.00% with a trading volume of 68,400 shares [2] - ST Bogu (600130) closed at 3.88, down 2.51% with a trading volume of 188,200 shares [2] - Other notable losers include Lingyi Technology (002600) and Zhishang Technology (301486) with declines of 2.41% and 2.17% respectively [2] Capital Flow Analysis - The consumer electronics sector experienced a net outflow of 1.15 billion yuan from institutional investors, while retail investors saw a net inflow of 940 million yuan [2][3] - Notable stocks with significant capital inflows include Lens Technology (300433) with a net inflow of 701 million yuan from institutional investors [3] - Conversely, stocks like Shubeide (300322) and Xiechuang Data (300857) faced net outflows from institutional and retail investors [3]

Market Performance - The Shanghai Composite Index rose by 0.04% to close at 3861.87 points, with a daily high of 3876.69 points [1] - The Shenzhen Component Index increased by 0.45% to close at 13063.97 points, reaching a high of 13071.22 points [1] - The ChiNext Index saw a rise of 0.68%, closing at 3087.04 points, with a peak of 3089.78 points [1] Margin Trading Data - The total margin trading balance in the Shanghai and Shenzhen markets was 23848.08 billion yuan, with a financing balance of 23679.68 billion yuan and a securities lending balance of 168.4 billion yuan [1] - The margin trading balance increased by 226.82 billion yuan compared to the previous trading day [1] - The Shanghai market's margin trading balance was 12174.44 billion yuan, up by 122.78 billion yuan, while the Shenzhen market's balance was 11673.64 billion yuan, increasing by 104.04 billion yuan [1] Top Stocks by Margin Buying - A total of 3449 stocks had margin buying, with the top three being: - Shenghong Technology (47.06 billion yuan) - Zhongke Shuguang (40.13 billion yuan) - Hanwujing (37.64 billion yuan) [2] New Fund Issuances - Five new funds were launched, including: - Xingyin Yifu Conservative Pension Target One-Year Holding Mixed Fund (FOF) - Southern CSI Hong Kong Stock Connect Technology ETF Initiating Link A - Southern CSI Hong Kong Stock Connect Technology ETF Initiating Link C - Wanji Cycle Vision Stock Initiating Fund C - Wanji Cycle Vision Stock Initiating Fund A [3] Top Net Purchases by Dragon and Tiger List - The top ten net purchases on the Dragon and Tiger list were: - Huasheng Tiancai (66337.98 million yuan) - Hanwei Technology (37405.82 million yuan) - Sanhua Intelligent Control (33447.08 million yuan) - Xinghui Entertainment (27845.08 million yuan) - Gongxiao Daji (26218.34 million yuan) - Shanzigao Technology (26125.3 million yuan) - Kuaijingtong (25741.69 million yuan) - Kesen Technology (17282.26 million yuan) - Tianji Shares (12011.21 million yuan) - Puzhou Shares (9725.6 million yuan) [4]