证券代码：603633 证券简称：徕木股份 公告编号：2025-035 关于为控股子公司提供担保的公告 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： 担保对象及基本情况 | 担 | 被担保人名称 | | 徕木电子（江苏）有限公司 | | | --- | --- | --- | --- | --- | | 保 | 本次担保金额 | 11,000 | 万元 | | | 对 | 实际为其提供的担保总额 | 22,000 | 万元（含本次） | | | 象 | 是否在前期预计额度内 | √是 | □否 | □不适用：_________ | | 一 | 本次担保是否有反担保 | □是 | √否 | □不适用：_________ | | 担 | 被担保人名称 | | | 湖南徕木新能源科技有限公司 | | 保 | 本次担保金额 | 24,376 | 万元 | | | 对 | 实际为其提供的担保总额 | 24,376 | | 万元（含本次） | | 象 | 是否在前期预计额度内 | √是 | □否 | □不适用：_____ ...

Core Viewpoint - Lai Mu Co., Ltd. has disclosed a total external guarantee amount of approximately 1.698 billion yuan, with significant portions provided to and from its subsidiaries [1] Group 1: Financial Guarantees - The total external guarantees by the company and its subsidiaries amount to approximately 1.698 billion yuan [1] - The company has provided guarantees totaling about 613 million yuan to its subsidiaries, which accounts for 31.62% of the latest audited net assets [1] - The subsidiaries have provided guarantees totaling approximately 1.085 billion yuan to the company, representing 55.98% of the latest audited net assets [1] Group 2: Revenue Composition - For the year 2024, the revenue composition of Lai Mu Co., Ltd. is as follows: automotive products account for 71.66%, mobile phone products for 17.61%, other businesses for 8.37%, molds and fixtures for 1.81%, and energy storage products for 0.53% [1] Group 3: Market Capitalization - As of the report, Lai Mu Co., Ltd. has a market capitalization of 5.7 billion yuan [1]

Company Overview - Shanghai Laimu Electronic Co., Ltd. was established on March 12, 2003, and listed on November 17, 2016. The company is located in Songjiang District, Shanghai, and primarily engages in the research, production, and sales of precision electronic components, focusing on connectors and shielding covers [1]. Business Composition - The main business revenue composition is as follows: - Automotive precision connectors and components account for 68.82% - Mobile phone precision shielding covers and structural parts account for 16.63% - Other (supplementary) components account for 8.37% - Automotive precision shielding covers and structural parts account for 2.84% - Molds and fixtures account for 1.81% - Mobile phone precision connectors account for 0.99% - Energy storage precision connectors and components account for 0.53% - Other components account for 0.01% [1]. Stock Performance - On September 16, Laimu shares fell by 5.28%, trading at 11.48 CNY per share, with a transaction volume of 75.38 million CNY and a turnover rate of 1.51%. The total market capitalization is 4.9 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Laimu, a fund under Dacheng Fund ranks as a significant holder. The Dacheng CSI 360 Internet + Index A (002236) entered the top ten circulating shareholders in the second quarter, holding 1.8487 million shares, which represents 0.43% of the circulating shares. The estimated floating loss today is approximately 1.1832 million CNY [2]. Fund Performance - The Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a latest scale of 698 million CNY. Year-to-date returns are 34.58%, ranking 1179 out of 4222 in its category. Over the past year, returns are 93.02%, ranking 624 out of 3804. Since inception, the fund has achieved a return of 217.4% [2]. Fund Management - The fund manager of Dacheng CSI 360 Internet + Index A is Xia Gao, who has been in the position for 10 years and 288 days. The total asset scale of the fund is 2.26 billion CNY. The best fund return during the tenure is 216.29%, while the worst return is -71.74% [3].

Group 1 - BYD's new model launch, featuring the "Heavenly Eye" intelligent driving system, is driving the popularization of smart driving among the public [1] - The connector industry is experiencing a new wave of development opportunities as multiple automakers release advanced intelligent driving models [1] - Lai Mu Co., as a leading domestic connector supplier, is consolidating its advantages in the new energy vehicle sector while actively expanding into emerging fields such as humanoid robots and optical modules [1][3] Group 2 - Connectors are referred to as the "nerve hub" of intelligent driving, facilitating signal transmission and connection between electronic devices inside and outside vehicles [2] - Lai Mu Co. has over 20 years of experience in connector research, development, manufacturing, and sales, with more than 2,000 automotive connectors and components developed [2] - The company has successfully entered the supply chains of major players like BYD, CATL, and Huichuan Technology, with products used by mainstream automotive brands such as Volkswagen, BMW, and Tesla [2] Group 3 - Lai Mu Co. is actively entering the humanoid robot and optical communication module sectors, creating new growth opportunities [3] - The company is collaborating with Hunan University to advance Time-Sensitive Networking (TSN) technology, enhancing real-time communication for robots [3] - Lai Mu Co. has established partnerships with leading domestic robot companies and is making progress in the optical module field, with 800G optical module housings entering the R&D verification stage [3] Group 4 - Industry experts believe that as smart driving accelerates, the robotics industry rises, and high-performance computing demand grows, Lai Mu Co. is expected to benefit from industry dividends due to its technological accumulation and customer resources [4]

证券代码：603633 证券简称：徕木股份 公告编号：2025-034 上海徕木电子股份有限公司 关于参加 2025 年上海辖区上市公司集体接待日 暨中报业绩说明会活动的公告 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。 （二）会议召开地点： "全景路演"网站 （https://rs.p5w.net/html/175611728073329.shtml） （三）会议召开方式：网络文字互动 重要内容提示： （https://rs.p5w.net/html/175611728073329.shtml） 会议召开方式：网络文字互动 上海徕木电子股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发布公司 2025 年半年度报告。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 09 月 19 日(星期五)15:00-17:00 参加由中国证券监督管理委员会上海 监管局指导、上海上市公司协会及深圳市全景网络有限公司联合举办 的"2025 年上海辖区上市公司集体接待 ...

Market Overview - On September 1, the consumer electronics sector rose by 1.53%, with Zhishang Technology leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Consumer Electronics - Zhishang Technology (301486) closed at 104.13, up 14.90% with a trading volume of 180,700 shares [1] - Jingyan Technology (300709) closed at 57.71, up 9.20% with a trading volume of 259,500 shares [1] - Boshuo Technology (300951) closed at 43.15, up 8.69% with a trading volume of 137,300 shares [1] - Yunzhu Technology (688260) closed at 34.82, up 6.84% with a trading volume of 152,500 shares [1] - Jingxing Technology (300256) closed at 4.99, up 5.72% with a trading volume of 1,931,400 shares [1] Top Losers in Consumer Electronics - Mengsheng Electronics (838701) closed at 22.53, down 5.73% with a trading volume of 55,900 shares [2] - Yidong Electronics (301123) closed at 46.10, down 3.84% with a trading volume of 175,500 shares [2] - Suzhou Tianmai (301626) closed at 146.00, down 3.38% with a trading volume of 19,600 shares [2] Capital Flow Analysis - On the same day, the consumer electronics sector experienced a net outflow of 2.519 billion yuan from institutional investors, while retail investors saw a net inflow of 2.572 billion yuan [2][3] - The top stocks with significant net inflows from retail investors included Lansi Technology (300433) and Xiechuang Data (300857) [3] Individual Stock Capital Flow - Lansi Technology (300433) had a net inflow of 2.92 billion yuan from institutional investors, while retail investors had a net outflow of 1.48 billion yuan [3] - Xiechuang Data (300857) saw a net inflow of 1.45 billion yuan from institutional investors, with retail investors experiencing a net outflow of 636.39 million yuan [3] - Victory Precision (002426) had a net inflow of 1.40 billion yuan from institutional investors, while retail investors faced a net outflow of 1.31 billion yuan [3]

Core Insights - The company reported a total revenue of 761 million yuan for the first half of 2025, representing an increase of 11.02% year-on-year, while the net profit attributable to shareholders decreased by 37.84% to 32.4 million yuan [1] - In Q2 2025, the total revenue was 411 million yuan, up 16.07% year-on-year, but the net profit attributable to shareholders fell by 49.61% to 13.6 million yuan [1] - The company's accounts receivable are significantly high, with accounts receivable amounting to 932.44% of the latest annual net profit [1] Financial Performance - The gross margin for the reporting period was 18.65%, down 21.83% year-on-year, and the net profit margin was 4.26%, down 44.01% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 63.6 million yuan, accounting for 8.37% of revenue, which is a decrease of 13.8% year-on-year [1] - Earnings per share decreased by 33.33% to 0.08 yuan, while operating cash flow per share dropped by 50.58% to 0.05 yuan [1] Business Evaluation - The company's return on invested capital (ROIC) was 3.44% last year, indicating historically weak capital returns, with a median ROIC of 6.01% since its listing [2] - The net profit margin last year was 5.01%, suggesting that the added value of the company's products or services is average [2] - The company's performance heavily relies on R&D and capital expenditures, necessitating careful evaluation of the effectiveness of these investments [2] Cash Flow and Debt Analysis - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 16.19%, and the average operating cash flow over the past three years to current liabilities at 6.91% [3] - The interest-bearing debt ratio has reached 32.59%, and the total interest-bearing debt to the average operating cash flow over the past three years is at 13.18% [3] - The accounts receivable to profit ratio is alarmingly high at 932.44% [3]

Meeting Overview - The sixth session of the Supervisory Board of Shanghai Laimu Electronics Co., Ltd. was held on August 28, 2025, through a combination of on-site and remote voting methods [1] - The meeting was convened by the chairman of the Supervisory Board, with all supervisors present, and was attended by the board secretary and internal audit manager [1] Resolutions Passed - The Supervisory Board approved the "2025 Half-Year Report Full Text and Summary" with a voting result of 4 votes in favor, 0 against, and 0 abstentions [2] - The Supervisory Board confirmed that the preparation and review procedures of the 2025 Half-Year Report complied with relevant laws, regulations, and internal management systems, ensuring the report's content and format met the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange [2] - The report was deemed to reflect the company's operational management and financial status accurately and comprehensively, with no violations of confidentiality found during the preparation process [2] Fund Management - The Supervisory Board also approved the "Special Report on the Storage and Use of Raised Funds for the First Half of 2025," with the same voting result of 4 votes in favor, 0 against, and 0 abstentions [2] - The management and use of raised funds were confirmed to comply with the "Regulations on the Supervision of Fundraising by Listed Companies" and relevant self-regulatory guidelines, with no violations identified [2]

Meeting Details - The 13th meeting of the 6th Board of Directors of Shanghai Laimu Electronics Co., Ltd. was held on August 28, 2025, combining on-site and remote voting methods [1] - The meeting was convened by the chairman, Ms. Zhu Xinai, with all nine directors present, complying with the Company Law and Articles of Association [1] Resolutions Passed - The Board unanimously approved the full and summary reports of the 2025 semi-annual report, confirming the absence of any false records, misleading statements, or significant omissions [1] - The resolution regarding the special report on the storage and use of raised funds for the first half of 2025 was also unanimously approved, with a voting result of 9 in favor, 0 against, and 0 abstentions [2]

Group 1 - The core point of the article is that Lai Mu Co., Ltd. (SH 603633) held its 13th meeting of the 6th Board of Directors on August 28, 2025, where it reviewed the special report on the use of raised funds for the first half of 2025 [1] - For the year 2024, the revenue composition of Lai Mu Co., Ltd. is as follows: automotive products account for 71.66%, mobile phone products account for 17.61%, other businesses account for 8.37%, molds and fixtures account for 1.81%, and energy storage products account for 0.53% [1]