Core Viewpoint - Kosen Technology (603626.SH) issued a stock trading risk warning, clarifying that it does not produce robot products despite being listed as a robotics concept stock by the media [1] Group 1: Company Operations - The main business of the company is the production of structural components for consumer electronics [1] - Preliminary calculations indicate that revenue from structural components used for robots will account for approximately 1% of total revenue in the first half of 2025 [1] Group 2: Media Misrepresentation - The company has also been identified by the media as part of the AI glasses concept stock, but it does not manufacture AI glasses or their structural components [1]

截至本公告日，公司主营业务、生产经营情况、经营环境与前期披露的信息 相比，未发生重大变化，公司不存在应披露而未披露的重大事项。 证券代码：603626 证券简称：科森科技 公告编号：2025-036 二、公司股票价格近期涨幅较大 公司股票于 2025 年 8 月 15 日、8 月 18 日、8 月 19 日、8 月 20 日连续 4 个 交易日以涨停价收盘，股票价格近期涨幅较大，可能存在短期涨幅较大后的下跌 风险。 昆山科森科技股份有限公司 股票交易风险提示公告 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。 昆山科森科技股份有限公司（以下简称"公司"）股票于 2025 年 8 月 15 日、 8 月 18 日、8 月 19 日连续 3 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。公 司已于 2025 年 8 月 20 日披露了《股票交易异常波动公告》（公告编号：2025-035）。 一、公司生产经营情况未发生重大变化 2025 年 8 月 20 日，公 ...

Core Viewpoint - Kosen Technology (603626) has experienced a significant stock price increase, leading to a risk of potential decline after a substantial short-term rise [1] Group 1: Stock Performance - Kosen Technology's stock has closed at the daily limit price for four consecutive trading days [1] - The recent stock price increase has raised concerns about a possible downturn due to the large percentage rise [1] Group 2: Business Operations - The company has been mistakenly categorized as a player in the robotics sector by media, but it does not manufacture robotic products [1] - Kosen Technology's main business is the production of structural components for consumer electronics, with an estimated 1% of total revenue from structural components for robots in the first half of 2025 [1] - The company has also been associated with AI glasses, but it does not produce AI glasses or their structural components [1]

Group 1 - The company, Kosen Technology (603626.SH), issued a risk warning regarding stock trading due to being listed as a robotics concept stock by the media [1] - Upon self-examination, the company confirmed that it does not produce robotic products, with revenue from structural components for robots projected to account for approximately 1% of total revenue in the first half of 2025 [1] - The company was also noted by the media as part of the AI glasses concept stock; however, it clarified that it does not manufacture AI glasses or their structural components [1]

Market Overview - The market experienced fluctuations with the ChiNext index leading the decline. The total trading volume in the Shanghai and Shenzhen markets was 1.51 trillion yuan, a decrease of 135 billion yuan compared to the previous trading day. Over 3,400 stocks fell, indicating a broad market downturn [1] - The Shanghai Composite Index fell by 0.06%, the Shenzhen Component Index by 0.66%, and the ChiNext Index by 1.71% [1] Sector Performance - Consumer stocks, particularly in the liquor sector, showed signs of rebound, with companies like Jiu Gui Jiu achieving two consecutive trading limits. Other liquor stocks such as She De Jiu Ye and Yi Li Te saw increases of over 5% [4][1] - The non-ferrous metal sector also performed well, with stocks like Luo Ping Zinc Electric and Dongfang Zirconium hitting their daily limits. The AI glasses concept stocks were active, with Ke Sen Technology achieving four consecutive trading limits [1][8] - High-position stocks experienced significant declines, with multiple stocks hitting their daily limits [1] Individual Stock Highlights - A total of 53 stocks hit their daily limits (excluding ST and newly listed stocks), with a limit-up rate of 68%. Notable stocks included Ke Sen Technology with four consecutive limits and Yuan Lin Shares with three consecutive limits [1] - In the consumer sector, Jiu Gui Jiu and other liquor stocks showed strong performance, indicating a potential recovery in consumer sentiment [4][1] Investment Insights - According to CITIC Securities, the liquor industry is rapidly bottoming out, with leading companies likely to benefit from channel adjustments and market expansion if consumer demand improves [4] - The tourism and hotel sectors also showed strength, with stocks like Xi'an Catering and Quanjude hitting their daily limits, indicating a recovery in travel-related consumption [4] AI and Technology Developments - The Shanghai Municipal Economic and Information Commission announced an implementation plan to accelerate the development of "AI + manufacturing," which includes promoting AI glasses and other smart consumer terminals [15][23] - AI glasses concept stocks are gaining traction, with companies like Xingxing Technology and Sanan Optoelectronics seeing significant price increases [12][24]

Market Overview - On August 20, the consumer electronics sector rose by 0.81% compared to the previous trading day, with Zhidongli leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Top Gainers in Consumer Electronics - Zhidongli (300686) saw a closing price of 13.37, with a significant increase of 20.02% and a trading volume of 472,400 shares, amounting to a transaction value of 591 million [1] - Kesen Technology (603626) closed at 12.61, up 10.03%, with a trading volume of 138,700 shares and a transaction value of 175 million [1] - Huiwei Technology (002888) closed at 21.20, up 10.02%, with a trading volume of 93,100 shares and a transaction value of 192 million [1] Top Losers in Consumer Electronics - Furi Electronics (600203) experienced a decline of 9.67%, closing at 16.25, with a trading volume of 1,873,200 shares and a transaction value of 3.111 billion [2] - Yidong Electronics (301123) closed at 46.25, down 5.46%, with a trading volume of 199,800 shares and a transaction value of 925.6 million [2] - Shenglan Co., Ltd. (300843) saw a decrease of 5.27%, closing at 46.70, with a trading volume of 150,500 shares and a transaction value of 698.6 million [2] Capital Flow Analysis - The consumer electronics sector experienced a net inflow of 538 million from institutional investors, while retail investors saw a net outflow of 606 million [2][3] - The top stocks with significant net inflows from institutional investors included Heertai (002402) with a net inflow of 410 million [3] - Longying Precision (300115) had a net inflow of 357 million from institutional investors, indicating strong interest [3]

Group 1 - The A-share market saw a total of 104 stocks hitting the daily limit up on August 20, with notable performances in various sectors [1][2] - Jimin Health in the medical device sector achieved a five-day consecutive limit up, indicating strong investor interest [1] - Other sectors with significant performances included consumer electronics with Kosen Technology achieving four consecutive limit ups, and the liquor sector with both Jiugui Liquor and *ST Yanshi achieving two consecutive limit ups [1][2] Group 2 - The list of stocks with consecutive limit ups includes: - Jimin Health (5 days, Medical Devices) - Kosen Technology (4 days, Consumer Electronics) - Hanzhong Precision (4 days, Data Center) - Jiugui Liquor (2 days, Liquor) - *ST Yanshi (2 days, Liquor) [1][2]

资金流向方面，今日主力资金净流入6966.08万元，占比成交额39.82%。其中，超大单净流入7811.70万 元、占成交额44.66%，大单净流出845.63万元、占成交额4.83%，中单净流出流出3541.59万元、占成交 额20.25%，小单净流出3424.48万元、占成交额19.58%。 科森科技最新一期业绩显示，截至2025一季报，公司营业总收入6.91亿元、同比减少9.59%，归属净利 润9338.54万元，同比减少31.55%，扣非净利润9360.04万元，同比减少20.00%，流动比率0.836、速动比 率0.633、资产负债率60.14%。 金融界消息 截至2025年8月20日收盘，科森科技（603626）报收于12.61元，上涨10.03%，换手率 2.5%，成交量13.87万手，成交金额1.75亿元。 来源：金融界 通过天眼查大数据分析，昆山科森科技股份有限公司共对外投资了22家企业，参与招投标项目77次，知 识产权方面有商标信息9条，专利信息408条，此外企业还拥有行政许可48个。 天眼查商业履历信息显示，昆山科森科技股份有限公司，成立于2010年，位于苏州市，是一家以从事专 用设备制 ...

Group 1 - A-shares experienced significant market activity on August 20, with 102 stocks hitting the daily limit up and 14 stocks hitting the limit down [1] - The liquid metal concept saw strong performance, with Dongfang Zirconium hitting the limit up [1] - The smart speaker concept also gained traction, with Kosen Technology achieving a four-day consecutive limit up and Huiwei Technology hitting the limit up [1] Group 2 - ST Gaohong faced a continuous decline, hitting the limit down for eight consecutive days [2] - Aili Home and ST Nanzhi both experienced limit down for two consecutive days [2] - ST Huarong and Xintian Pharmaceutical also faced limit down [2]

Group 1 - Star Technology hit a 20% limit up, indicating strong market interest and potential bullish sentiment [1] - Companies such as Kosen Technology, Huiwei Technology, Chaoyang Technology, and Anjie Technology also saw their stocks locked at the limit up, reflecting a broader positive trend in the sector [1] - Suzhou Tianmai experienced a rise of over 10%, showcasing significant investor confidence in its performance [1] Group 2 - Lens Technology and Lingyi Technology were among the top gainers, indicating a competitive landscape with multiple players benefiting from current market conditions [1]